John Hancock Funds II
04/15/2026 | Press release | Distributed by Public on 04/15/2026 12:17
Semi-Annual Report by Investment Company (Form N-CSRS)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number
811-21779
JOHN HANCOCK FUNDS II
(Exact name of registrant as specified in charter)
200 BERKELEY STREET, BOSTON, MA 02116
(Address of principal executive offices) (Zip code)
SALVATORE SCHIAVONE
TREASURER
200 BERKELEY STREET
BOSTON, MA 02116
(Name and address of agent for service)
Registrant's telephone number, including area code:
(617) 543-9634
Date of fiscal year end:
August 31
Date of reporting period:
February 28, 2026
ITEM 1. REPORTS TO STOCKHOLDERS
The Registrant prepared the following semiannual reports to shareholders for the six months ended February 28, 2026:
-
John Hancock Multimanager Lifestyle Aggressive Portfolio
-
John Hancock Multimanager Lifestyle Growth Portfolio
-
John Hancock Multimanager Lifestyle Balanced Portfolio
-
John Hancock Multimanager Lifestyle Moderate Portfolio
-
John Hancock Multimanager Lifestyle Conservative Portfolio
John Hancock Multimanager Lifestyle Aggressive Portfolio
Class 1/JILAX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Multimanager Lifestyle Aggressive Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/underlying-funds. You can also request this information by contacting us at 800-344-1029.
What were the fund costs during the last period ?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
|
Multimanager Lifestyle Aggressive Portfolio (Class 1/JILAX) |
$8 | 0.16% |
Fund Statistics
| Fund net assets | $3,384,803,324 |
| Total number of portfolio holdings | 76 |
| Portfolio turnover rate | 9% |
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
| Affiliated investment companies | 99.4% |
| Equity | 93.7% |
| U.S. large cap | 37.2% |
| International equity | 28.5% |
| U.S. mid cap | 11.1% |
| Emerging-market equity | 7.0% |
| Large blend | 5.7% |
| U.S. small cap | 4.2% |
| Fixed income | 1.7% |
| Short-term bond | 0.8% |
| Emerging-market debt | 0.5% |
| High yield bond | 0.4% |
| Alternative and specialty | 4.0% |
| Sector equity | 3.5% |
| Absolute return | 0.5% |
| U.S. Government | 0.6% |
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/underlying-funds, you can find additional information about the fund, including the fund's:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF5244549
96SA-1
2/26
4/26
John Hancock Multimanager Lifestyle Aggressive Portfolio
John Hancock Multimanager Lifestyle Aggressive Portfolio
Class A/JALAX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Multimanager Lifestyle Aggressive Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last period ?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
|
Multimanager Lifestyle Aggressive Portfolio (Class A/JALAX) |
$27 | 0.52% |
Fund Statistics
| Fund net assets | $3,384,803,324 |
| Total number of portfolio holdings | 76 |
| Portfolio turnover rate | 9% |
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
| Affiliated investment companies | 99.4% |
| Equity | 93.7% |
| U.S. large cap | 37.2% |
| International equity | 28.5% |
| U.S. mid cap | 11.1% |
| Emerging-market equity | 7.0% |
| Large blend | 5.7% |
| U.S. small cap | 4.2% |
| Fixed income | 1.7% |
| Short-term bond | 0.8% |
| Emerging-market debt | 0.5% |
| High yield bond | 0.4% |
| Alternative and specialty | 4.0% |
| Sector equity | 3.5% |
| Absolute return | 0.5% |
| U.S. Government | 0.6% |
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF5244549
96SA-A
2/26
4/26
John Hancock Multimanager Lifestyle Aggressive Portfolio
John Hancock Multimanager Lifestyle Aggressive Portfolio
Class C/JCLAX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Multimanager Lifestyle Aggressive Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last period ?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
|
Multimanager Lifestyle Aggressive Portfolio (Class C/JCLAX) |
$64 | 1.22% |
Fund Statistics
| Fund net assets | $3,384,803,324 |
| Total number of portfolio holdings | 76 |
| Portfolio turnover rate | 9% |
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
| Affiliated investment companies | 99.4% |
| Equity | 93.7% |
| U.S. large cap | 37.2% |
| International equity | 28.5% |
| U.S. mid cap | 11.1% |
| Emerging-market equity | 7.0% |
| Large blend | 5.7% |
| U.S. small cap | 4.2% |
| Fixed income | 1.7% |
| Short-term bond | 0.8% |
| Emerging-market debt | 0.5% |
| High yield bond | 0.4% |
| Alternative and specialty | 4.0% |
| Sector equity | 3.5% |
| Absolute return | 0.5% |
| U.S. Government | 0.6% |
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF5244549
96SA-C
2/26
4/26
John Hancock Multimanager Lifestyle Aggressive Portfolio
John Hancock Multimanager Lifestyle Aggressive Portfolio
Class I/JTAIX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Multimanager Lifestyle Aggressive Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last period ?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
|
Multimanager Lifestyle Aggressive Portfolio (Class I/JTAIX) |
$12 | 0.22% |
Fund Statistics
| Fund net assets | $3,384,803,324 |
| Total number of portfolio holdings | 76 |
| Portfolio turnover rate | 9% |
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
| Affiliated investment companies | 99.4% |
| Equity | 93.7% |
| U.S. large cap | 37.2% |
| International equity | 28.5% |
| U.S. mid cap | 11.1% |
| Emerging-market equity | 7.0% |
| Large blend | 5.7% |
| U.S. small cap | 4.2% |
| Fixed income | 1.7% |
| Short-term bond | 0.8% |
| Emerging-market debt | 0.5% |
| High yield bond | 0.4% |
| Alternative and specialty | 4.0% |
| Sector equity | 3.5% |
| Absolute return | 0.5% |
| U.S. Government | 0.6% |
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF5244549
96SA-I
2/26
4/26
John Hancock Multimanager Lifestyle Aggressive Portfolio
John Hancock Multimanager Lifestyle Aggressive Portfolio
Class R2/JQLAX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Multimanager Lifestyle Aggressive Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last period ?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
|
Multimanager Lifestyle Aggressive Portfolio (Class R2/JQLAX) |
$32 | 0.61% |
Fund Statistics
| Fund net assets | $3,384,803,324 |
| Total number of portfolio holdings | 76 |
| Portfolio turnover rate | 9% |
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
| Affiliated investment companies | 99.4% |
| Equity | 93.7% |
| U.S. large cap | 37.2% |
| International equity | 28.5% |
| U.S. mid cap | 11.1% |
| Emerging-market equity | 7.0% |
| Large blend | 5.7% |
| U.S. small cap | 4.2% |
| Fixed income | 1.7% |
| Short-term bond | 0.8% |
| Emerging-market debt | 0.5% |
| High yield bond | 0.4% |
| Alternative and specialty | 4.0% |
| Sector equity | 3.5% |
| Absolute return | 0.5% |
| U.S. Government | 0.6% |
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF5244549
96SA-R2
2/26
4/26
John Hancock Multimanager Lifestyle Aggressive Portfolio
John Hancock Multimanager Lifestyle Aggressive Portfolio
Class R4/JSLAX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Multimanager Lifestyle Aggressive Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last period ?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
|
Multimanager Lifestyle Aggressive Portfolio (Class R4/JSLAX) |
$19 | 0.36% |
Fund Statistics
| Fund net assets | $3,384,803,324 |
| Total number of portfolio holdings | 76 |
| Portfolio turnover rate | 9% |
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
| Affiliated investment companies | 99.4% |
| Equity | 93.7% |
| U.S. large cap | 37.2% |
| International equity | 28.5% |
| U.S. mid cap | 11.1% |
| Emerging-market equity | 7.0% |
| Large blend | 5.7% |
| U.S. small cap | 4.2% |
| Fixed income | 1.7% |
| Short-term bond | 0.8% |
| Emerging-market debt | 0.5% |
| High yield bond | 0.4% |
| Alternative and specialty | 4.0% |
| Sector equity | 3.5% |
| Absolute return | 0.5% |
| U.S. Government | 0.6% |
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF5244549
96SA-R4
2/26
4/26
John Hancock Multimanager Lifestyle Aggressive Portfolio
John Hancock Multimanager Lifestyle Aggressive Portfolio
Class R5/JTLAX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Multimanager Lifestyle Aggressive Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last period ?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
|
Multimanager Lifestyle Aggressive Portfolio (Class R5/JTLAX) |
$8 | 0.16% |
Fund Statistics
| Fund net assets | $3,384,803,324 |
| Total number of portfolio holdings | 76 |
| Portfolio turnover rate | 9% |
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
| Affiliated investment companies | 99.4% |
| Equity | 93.7% |
| U.S. large cap | 37.2% |
| International equity | 28.5% |
| U.S. mid cap | 11.1% |
| Emerging-market equity | 7.0% |
| Large blend | 5.7% |
| U.S. small cap | 4.2% |
| Fixed income | 1.7% |
| Short-term bond | 0.8% |
| Emerging-market debt | 0.5% |
| High yield bond | 0.4% |
| Alternative and specialty | 4.0% |
| Sector equity | 3.5% |
| Absolute return | 0.5% |
| U.S. Government | 0.6% |
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF5244549
96SA-R5
2/26
4/26
John Hancock Multimanager Lifestyle Aggressive Portfolio
John Hancock Multimanager Lifestyle Aggressive Portfolio
Class R6/JULAX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Multimanager Lifestyle Aggressive Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last period ?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
|
Multimanager Lifestyle Aggressive Portfolio (Class R6/JULAX) |
$6 | 0.11% |
Fund Statistics
| Fund net assets | $3,384,803,324 |
| Total number of portfolio holdings | 76 |
| Portfolio turnover rate | 9% |
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
| Affiliated investment companies | 99.4% |
| Equity | 93.7% |
| U.S. large cap | 37.2% |
| International equity | 28.5% |
| U.S. mid cap | 11.1% |
| Emerging-market equity | 7.0% |
| Large blend | 5.7% |
| U.S. small cap | 4.2% |
| Fixed income | 1.7% |
| Short-term bond | 0.8% |
| Emerging-market debt | 0.5% |
| High yield bond | 0.4% |
| Alternative and specialty | 4.0% |
| Sector equity | 3.5% |
| Absolute return | 0.5% |
| U.S. Government | 0.6% |
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF5244549
96SA-R6
2/26
4/26
John Hancock Multimanager Lifestyle Aggressive Portfolio
John Hancock Multimanager Lifestyle Growth Portfolio
Class 1/JILGX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Multimanager Lifestyle Growth Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/underlying-funds. You can also request this information by contacting us at 800-344-1029.
What were the fund costs during the last period ?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
|
Multimanager Lifestyle Growth Portfolio (Class 1/JILGX) |
$9 | 0.17% |
Fund Statistics
| Fund net assets | $8,739,607,322 |
| Total number of portfolio holdings | 86 |
| Portfolio turnover rate | 8% |
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
| Affiliated investment companies | 97.4% |
| Equity | 80.1% |
| U.S. large cap | 30.6% |
| International equity | 27.4% |
| U.S. mid cap | 9.0% |
| Emerging-market equity | 5.2% |
| Large blend | 4.6% |
| U.S. small cap | 3.3% |
| Fixed income | 14.0% |
| Intermediate bond | 6.1% |
| Multi-sector bond | 2.1% |
| Emerging-market debt | 1.7% |
| Short-term bond | 1.4% |
| Bank loan | 1.4% |
| High yield bond | 1.3% |
| Alternative and specialty | 3.3% |
| Sector equity | 2.8% |
| Absolute return | 0.5% |
| U.S. Government | 2.6% |
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/underlying-funds, you can find additional information about the fund, including the fund's:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF5244549
04SA-1
2/26
4/26
John Hancock Multimanager Lifestyle Growth Portfolio
John Hancock Multimanager Lifestyle Growth Portfolio
Class 5/JHLGX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Multimanager Lifestyle Growth Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/underlying-funds. You can also request this information by contacting us at 800-344-1029.
What were the fund costs during the last period ?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
|
Multimanager Lifestyle Growth Portfolio (Class 5/JHLGX) |
$6 | 0.12% |
Fund Statistics
| Fund net assets | $8,739,607,322 |
| Total number of portfolio holdings | 86 |
| Portfolio turnover rate | 8% |
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
| Affiliated investment companies | 97.4% |
| Equity | 80.1% |
| U.S. large cap | 30.6% |
| International equity | 27.4% |
| U.S. mid cap | 9.0% |
| Emerging-market equity | 5.2% |
| Large blend | 4.6% |
| U.S. small cap | 3.3% |
| Fixed income | 14.0% |
| Intermediate bond | 6.1% |
| Multi-sector bond | 2.1% |
| Emerging-market debt | 1.7% |
| Short-term bond | 1.4% |
| Bank loan | 1.4% |
| High yield bond | 1.3% |
| Alternative and specialty | 3.3% |
| Sector equity | 2.8% |
| Absolute return | 0.5% |
| U.S. Government | 2.6% |
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/underlying-funds, you can find additional information about the fund, including the fund's:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF5244549
04SA-5
2/26
4/26
John Hancock Multimanager Lifestyle Growth Portfolio
John Hancock Multimanager Lifestyle Growth Portfolio
Class A/JALGX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Multimanager Lifestyle Growth Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last period ?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
|
Multimanager Lifestyle Growth Portfolio (Class A/JALGX) |
$28 | 0.53% |
Fund Statistics
| Fund net assets | $8,739,607,322 |
| Total number of portfolio holdings | 86 |
| Portfolio turnover rate | 8% |
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
| Affiliated investment companies | 97.4% |
| Equity | 80.1% |
| U.S. large cap | 30.6% |
| International equity | 27.4% |
| U.S. mid cap | 9.0% |
| Emerging-market equity | 5.2% |
| Large blend | 4.6% |
| U.S. small cap | 3.3% |
| Fixed income | 14.0% |
| Intermediate bond | 6.1% |
| Multi-sector bond | 2.1% |
| Emerging-market debt | 1.7% |
| Short-term bond | 1.4% |
| Bank loan | 1.4% |
| High yield bond | 1.3% |
| Alternative and specialty | 3.3% |
| Sector equity | 2.8% |
| Absolute return | 0.5% |
| U.S. Government | 2.6% |
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF5244549
04SA-A
2/26
4/26
John Hancock Multimanager Lifestyle Growth Portfolio
John Hancock Multimanager Lifestyle Growth Portfolio
Class C/JCLGX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Multimanager Lifestyle Growth Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last period ?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
|
Multimanager Lifestyle Growth Portfolio (Class C/JCLGX) |
$64 | 1.23% |
Fund Statistics
| Fund net assets | $8,739,607,322 |
| Total number of portfolio holdings | 86 |
| Portfolio turnover rate | 8% |
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
| Affiliated investment companies | 97.4% |
| Equity | 80.1% |
| U.S. large cap | 30.6% |
| International equity | 27.4% |
| U.S. mid cap | 9.0% |
| Emerging-market equity | 5.2% |
| Large blend | 4.6% |
| U.S. small cap | 3.3% |
| Fixed income | 14.0% |
| Intermediate bond | 6.1% |
| Multi-sector bond | 2.1% |
| Emerging-market debt | 1.7% |
| Short-term bond | 1.4% |
| Bank loan | 1.4% |
| High yield bond | 1.3% |
| Alternative and specialty | 3.3% |
| Sector equity | 2.8% |
| Absolute return | 0.5% |
| U.S. Government | 2.6% |
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF5244549
04SA-C
2/26
4/26
John Hancock Multimanager Lifestyle Growth Portfolio
John Hancock Multimanager Lifestyle Growth Portfolio
Class I/JTGIX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Multimanager Lifestyle Growth Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last period ?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
|
Multimanager Lifestyle Growth Portfolio (Class I/JTGIX) |
$12 | 0.23% |
Fund Statistics
| Fund net assets | $8,739,607,322 |
| Total number of portfolio holdings | 86 |
| Portfolio turnover rate | 8% |
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
| Affiliated investment companies | 97.4% |
| Equity | 80.1% |
| U.S. large cap | 30.6% |
| International equity | 27.4% |
| U.S. mid cap | 9.0% |
| Emerging-market equity | 5.2% |
| Large blend | 4.6% |
| U.S. small cap | 3.3% |
| Fixed income | 14.0% |
| Intermediate bond | 6.1% |
| Multi-sector bond | 2.1% |
| Emerging-market debt | 1.7% |
| Short-term bond | 1.4% |
| Bank loan | 1.4% |
| High yield bond | 1.3% |
| Alternative and specialty | 3.3% |
| Sector equity | 2.8% |
| Absolute return | 0.5% |
| U.S. Government | 2.6% |
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF5244549
04SA-I
2/26
4/26
John Hancock Multimanager Lifestyle Growth Portfolio
John Hancock Multimanager Lifestyle Growth Portfolio
Class R2/JQLGX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Multimanager Lifestyle Growth Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last period ?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
|
Multimanager Lifestyle Growth Portfolio (Class R2/JQLGX) |
$32 | 0.62% |
Fund Statistics
| Fund net assets | $8,739,607,322 |
| Total number of portfolio holdings | 86 |
| Portfolio turnover rate | 8% |
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
| Affiliated investment companies | 97.4% |
| Equity | 80.1% |
| U.S. large cap | 30.6% |
| International equity | 27.4% |
| U.S. mid cap | 9.0% |
| Emerging-market equity | 5.2% |
| Large blend | 4.6% |
| U.S. small cap | 3.3% |
| Fixed income | 14.0% |
| Intermediate bond | 6.1% |
| Multi-sector bond | 2.1% |
| Emerging-market debt | 1.7% |
| Short-term bond | 1.4% |
| Bank loan | 1.4% |
| High yield bond | 1.3% |
| Alternative and specialty | 3.3% |
| Sector equity | 2.8% |
| Absolute return | 0.5% |
| U.S. Government | 2.6% |
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF5244549
04SA-R2
2/26
4/26
John Hancock Multimanager Lifestyle Growth Portfolio
John Hancock Multimanager Lifestyle Growth Portfolio
Class R4/JSLGX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Multimanager Lifestyle Growth Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last period ?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
|
Multimanager Lifestyle Growth Portfolio (Class R4/JSLGX) |
$20 | 0.38% |
Fund Statistics
| Fund net assets | $8,739,607,322 |
| Total number of portfolio holdings | 86 |
| Portfolio turnover rate | 8% |
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
| Affiliated investment companies | 97.4% |
| Equity | 80.1% |
| U.S. large cap | 30.6% |
| International equity | 27.4% |
| U.S. mid cap | 9.0% |
| Emerging-market equity | 5.2% |
| Large blend | 4.6% |
| U.S. small cap | 3.3% |
| Fixed income | 14.0% |
| Intermediate bond | 6.1% |
| Multi-sector bond | 2.1% |
| Emerging-market debt | 1.7% |
| Short-term bond | 1.4% |
| Bank loan | 1.4% |
| High yield bond | 1.3% |
| Alternative and specialty | 3.3% |
| Sector equity | 2.8% |
| Absolute return | 0.5% |
| U.S. Government | 2.6% |
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF5244549
04SA-R4
2/26
4/26
John Hancock Multimanager Lifestyle Growth Portfolio
John Hancock Multimanager Lifestyle Growth Portfolio
Class R5/JTLGX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Multimanager Lifestyle Growth Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last period ?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
|
Multimanager Lifestyle Growth Portfolio (Class R5/JTLGX) |
$9 | 0.18% |
Fund Statistics
| Fund net assets | $8,739,607,322 |
| Total number of portfolio holdings | 86 |
| Portfolio turnover rate | 8% |
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
| Affiliated investment companies | 97.4% |
| Equity | 80.1% |
| U.S. large cap | 30.6% |
| International equity | 27.4% |
| U.S. mid cap | 9.0% |
| Emerging-market equity | 5.2% |
| Large blend | 4.6% |
| U.S. small cap | 3.3% |
| Fixed income | 14.0% |
| Intermediate bond | 6.1% |
| Multi-sector bond | 2.1% |
| Emerging-market debt | 1.7% |
| Short-term bond | 1.4% |
| Bank loan | 1.4% |
| High yield bond | 1.3% |
| Alternative and specialty | 3.3% |
| Sector equity | 2.8% |
| Absolute return | 0.5% |
| U.S. Government | 2.6% |
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF5244549
04SA-R5
2/26
4/26
John Hancock Multimanager Lifestyle Growth Portfolio
John Hancock Multimanager Lifestyle Growth Portfolio
Class R6/JULGX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Multimanager Lifestyle Growth Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last period ?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
|
Multimanager Lifestyle Growth Portfolio (Class R6/JULGX) |
$7 | 0.13% |
Fund Statistics
| Fund net assets | $8,739,607,322 |
| Total number of portfolio holdings | 86 |
| Portfolio turnover rate | 8% |
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
| Affiliated investment companies | 97.4% |
| Equity | 80.1% |
| U.S. large cap | 30.6% |
| International equity | 27.4% |
| U.S. mid cap | 9.0% |
| Emerging-market equity | 5.2% |
| Large blend | 4.6% |
| U.S. small cap | 3.3% |
| Fixed income | 14.0% |
| Intermediate bond | 6.1% |
| Multi-sector bond | 2.1% |
| Emerging-market debt | 1.7% |
| Short-term bond | 1.4% |
| Bank loan | 1.4% |
| High yield bond | 1.3% |
| Alternative and specialty | 3.3% |
| Sector equity | 2.8% |
| Absolute return | 0.5% |
| U.S. Government | 2.6% |
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF5244549
04SA-R6
2/26
4/26
John Hancock Multimanager Lifestyle Growth Portfolio
John Hancock Multimanager Lifestyle Balanced Portfolio
Class 1/JILBX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Multimanager Lifestyle Balanced Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/underlying-funds. You can also request this information by contacting us at 800-344-1029.
What were the fund costs during the last period ?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
|
Multimanager Lifestyle Balanced Portfolio (Class 1/JILBX) |
$10 | 0.19% |
Fund Statistics
| Fund net assets | $7,451,501,208 |
| Total number of portfolio holdings | 86 |
| Portfolio turnover rate | 8% |
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
| Affiliated investment companies | 95.1% |
| Equity | 60.9% |
| U.S. large cap | 22.2% |
| International equity | 20.0% |
| U.S. mid cap | 6.9% |
| Large blend | 5.7% |
| Emerging-market equity | 3.8% |
| U.S. small cap | 2.3% |
| Fixed income | 30.9% |
| Intermediate bond | 13.2% |
| Multi-sector bond | 5.8% |
| Emerging-market debt | 3.3% |
| Short-term bond | 3.3% |
| Bank loan | 2.8% |
| High yield bond | 2.5% |
| Alternative and specialty | 3.3% |
| Sector equity | 2.1% |
| Absolute return | 0.7% |
| Multi-asset income | 0.5% |
| U.S. Government | 4.8% |
| Short-term investments and other | 0.1% |
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/underlying-funds, you can find additional information about the fund, including the fund's:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF5244549
07SA-1
2/26
4/26
John Hancock Multimanager Lifestyle Balanced Portfolio
John Hancock Multimanager Lifestyle Balanced Portfolio
Class 5/JHLAX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Multimanager Lifestyle Balanced Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/underlying-funds. You can also request this information by contacting us at 800-344-1029.
What were the fund costs during the last period ?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
|
Multimanager Lifestyle Balanced Portfolio (Class 5/JHLAX) |
$7 | 0.14% |
Fund Statistics
| Fund net assets | $7,451,501,208 |
| Total number of portfolio holdings | 86 |
| Portfolio turnover rate | 8% |
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
| Affiliated investment companies | 95.1% |
| Equity | 60.9% |
| U.S. large cap | 22.2% |
| International equity | 20.0% |
| U.S. mid cap | 6.9% |
| Large blend | 5.7% |
| Emerging-market equity | 3.8% |
| U.S. small cap | 2.3% |
| Fixed income | 30.9% |
| Intermediate bond | 13.2% |
| Multi-sector bond | 5.8% |
| Emerging-market debt | 3.3% |
| Short-term bond | 3.3% |
| Bank loan | 2.8% |
| High yield bond | 2.5% |
| Alternative and specialty | 3.3% |
| Sector equity | 2.1% |
| Absolute return | 0.7% |
| Multi-asset income | 0.5% |
| U.S. Government | 4.8% |
| Short-term investments and other | 0.1% |
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/underlying-funds, you can find additional information about the fund, including the fund's:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF5244549
07SA-5
2/26
4/26
John Hancock Multimanager Lifestyle Balanced Portfolio
John Hancock Multimanager Lifestyle Balanced Portfolio
Class A/JALBX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Multimanager Lifestyle Balanced Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last period ?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
|
Multimanager Lifestyle Balanced Portfolio (Class A/JALBX) |
$28 | 0.55% |
Fund Statistics
| Fund net assets | $7,451,501,208 |
| Total number of portfolio holdings | 86 |
| Portfolio turnover rate | 8% |
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
| Affiliated investment companies | 95.1% |
| Equity | 60.9% |
| U.S. large cap | 22.2% |
| International equity | 20.0% |
| U.S. mid cap | 6.9% |
| Large blend | 5.7% |
| Emerging-market equity | 3.8% |
| U.S. small cap | 2.3% |
| Fixed income | 30.9% |
| Intermediate bond | 13.2% |
| Multi-sector bond | 5.8% |
| Emerging-market debt | 3.3% |
| Short-term bond | 3.3% |
| Bank loan | 2.8% |
| High yield bond | 2.5% |
| Alternative and specialty | 3.3% |
| Sector equity | 2.1% |
| Absolute return | 0.7% |
| Multi-asset income | 0.5% |
| U.S. Government | 4.8% |
| Short-term investments and other | 0.1% |
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF5244549
07SA-A
2/26
4/26
John Hancock Multimanager Lifestyle Balanced Portfolio
John Hancock Multimanager Lifestyle Balanced Portfolio
Class C/JCLBX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Multimanager Lifestyle Balanced Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last period ?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
|
Multimanager Lifestyle Balanced Portfolio (Class C/JCLBX) |
$65 | 1.25% |
Fund Statistics
| Fund net assets | $7,451,501,208 |
| Total number of portfolio holdings | 86 |
| Portfolio turnover rate | 8% |
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
| Affiliated investment companies | 95.1% |
| Equity | 60.9% |
| U.S. large cap | 22.2% |
| International equity | 20.0% |
| U.S. mid cap | 6.9% |
| Large blend | 5.7% |
| Emerging-market equity | 3.8% |
| U.S. small cap | 2.3% |
| Fixed income | 30.9% |
| Intermediate bond | 13.2% |
| Multi-sector bond | 5.8% |
| Emerging-market debt | 3.3% |
| Short-term bond | 3.3% |
| Bank loan | 2.8% |
| High yield bond | 2.5% |
| Alternative and specialty | 3.3% |
| Sector equity | 2.1% |
| Absolute return | 0.7% |
| Multi-asset income | 0.5% |
| U.S. Government | 4.8% |
| Short-term investments and other | 0.1% |
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF5244549
07SA-C
2/26
4/26
John Hancock Multimanager Lifestyle Balanced Portfolio
John Hancock Multimanager Lifestyle Balanced Portfolio
Class I/JTBIX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Multimanager Lifestyle Balanced Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last period ?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
|
Multimanager Lifestyle Balanced Portfolio (Class I/JTBIX) |
$13 | 0.25% |
Fund Statistics
| Fund net assets | $7,451,501,208 |
| Total number of portfolio holdings | 86 |
| Portfolio turnover rate | 8% |
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
| Affiliated investment companies | 95.1% |
| Equity | 60.9% |
| U.S. large cap | 22.2% |
| International equity | 20.0% |
| U.S. mid cap | 6.9% |
| Large blend | 5.7% |
| Emerging-market equity | 3.8% |
| U.S. small cap | 2.3% |
| Fixed income | 30.9% |
| Intermediate bond | 13.2% |
| Multi-sector bond | 5.8% |
| Emerging-market debt | 3.3% |
| Short-term bond | 3.3% |
| Bank loan | 2.8% |
| High yield bond | 2.5% |
| Alternative and specialty | 3.3% |
| Sector equity | 2.1% |
| Absolute return | 0.7% |
| Multi-asset income | 0.5% |
| U.S. Government | 4.8% |
| Short-term investments and other | 0.1% |
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF5244549
07SA-I
2/26
4/26
John Hancock Multimanager Lifestyle Balanced Portfolio
John Hancock Multimanager Lifestyle Balanced Portfolio
Class R2/JQLBX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Multimanager Lifestyle Balanced Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last period ?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
|
Multimanager Lifestyle Balanced Portfolio (Class R2/JQLBX) |
$34 | 0.65% |
Fund Statistics
| Fund net assets | $7,451,501,208 |
| Total number of portfolio holdings | 86 |
| Portfolio turnover rate | 8% |
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
| Affiliated investment companies | 95.1% |
| Equity | 60.9% |
| U.S. large cap | 22.2% |
| International equity | 20.0% |
| U.S. mid cap | 6.9% |
| Large blend | 5.7% |
| Emerging-market equity | 3.8% |
| U.S. small cap | 2.3% |
| Fixed income | 30.9% |
| Intermediate bond | 13.2% |
| Multi-sector bond | 5.8% |
| Emerging-market debt | 3.3% |
| Short-term bond | 3.3% |
| Bank loan | 2.8% |
| High yield bond | 2.5% |
| Alternative and specialty | 3.3% |
| Sector equity | 2.1% |
| Absolute return | 0.7% |
| Multi-asset income | 0.5% |
| U.S. Government | 4.8% |
| Short-term investments and other | 0.1% |
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF5244549
07SA-R2
2/26
4/26
John Hancock Multimanager Lifestyle Balanced Portfolio
John Hancock Multimanager Lifestyle Balanced Portfolio
Class R4/JSLBX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Multimanager Lifestyle Balanced Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last period ?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
|
Multimanager Lifestyle Balanced Portfolio (Class R4/JSLBX) |
$21 | 0.40% |
Fund Statistics
| Fund net assets | $7,451,501,208 |
| Total number of portfolio holdings | 86 |
| Portfolio turnover rate | 8% |
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
| Affiliated investment companies | 95.1% |
| Equity | 60.9% |
| U.S. large cap | 22.2% |
| International equity | 20.0% |
| U.S. mid cap | 6.9% |
| Large blend | 5.7% |
| Emerging-market equity | 3.8% |
| U.S. small cap | 2.3% |
| Fixed income | 30.9% |
| Intermediate bond | 13.2% |
| Multi-sector bond | 5.8% |
| Emerging-market debt | 3.3% |
| Short-term bond | 3.3% |
| Bank loan | 2.8% |
| High yield bond | 2.5% |
| Alternative and specialty | 3.3% |
| Sector equity | 2.1% |
| Absolute return | 0.7% |
| Multi-asset income | 0.5% |
| U.S. Government | 4.8% |
| Short-term investments and other | 0.1% |
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF5244549
07SA-R4
2/26
4/26
John Hancock Multimanager Lifestyle Balanced Portfolio
John Hancock Multimanager Lifestyle Balanced Portfolio
Class R5/JTSBX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Multimanager Lifestyle Balanced Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last period ?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
|
Multimanager Lifestyle Balanced Portfolio (Class R5/JTSBX) |
$10 | 0.20% |
Fund Statistics
| Fund net assets | $7,451,501,208 |
| Total number of portfolio holdings | 86 |
| Portfolio turnover rate | 8% |
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
| Affiliated investment companies | 95.1% |
| Equity | 60.9% |
| U.S. large cap | 22.2% |
| International equity | 20.0% |
| U.S. mid cap | 6.9% |
| Large blend | 5.7% |
| Emerging-market equity | 3.8% |
| U.S. small cap | 2.3% |
| Fixed income | 30.9% |
| Intermediate bond | 13.2% |
| Multi-sector bond | 5.8% |
| Emerging-market debt | 3.3% |
| Short-term bond | 3.3% |
| Bank loan | 2.8% |
| High yield bond | 2.5% |
| Alternative and specialty | 3.3% |
| Sector equity | 2.1% |
| Absolute return | 0.7% |
| Multi-asset income | 0.5% |
| U.S. Government | 4.8% |
| Short-term investments and other | 0.1% |
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF5244549
07SA-R5
2/26
4/26
John Hancock Multimanager Lifestyle Balanced Portfolio
John Hancock Multimanager Lifestyle Balanced Portfolio
Class R6/JULBX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Multimanager Lifestyle Balanced Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last period ?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
|
Multimanager Lifestyle Balanced Portfolio (Class R6/JULBX) |
$8 | 0.15% |
Fund Statistics
| Fund net assets | $7,451,501,208 |
| Total number of portfolio holdings | 86 |
| Portfolio turnover rate | 8% |
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
| Affiliated investment companies | 95.1% |
| Equity | 60.9% |
| U.S. large cap | 22.2% |
| International equity | 20.0% |
| U.S. mid cap | 6.9% |
| Large blend | 5.7% |
| Emerging-market equity | 3.8% |
| U.S. small cap | 2.3% |
| Fixed income | 30.9% |
| Intermediate bond | 13.2% |
| Multi-sector bond | 5.8% |
| Emerging-market debt | 3.3% |
| Short-term bond | 3.3% |
| Bank loan | 2.8% |
| High yield bond | 2.5% |
| Alternative and specialty | 3.3% |
| Sector equity | 2.1% |
| Absolute return | 0.7% |
| Multi-asset income | 0.5% |
| U.S. Government | 4.8% |
| Short-term investments and other | 0.1% |
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF5244549
07SA-R6
2/26
4/26
John Hancock Multimanager Lifestyle Balanced Portfolio
John Hancock Multimanager Lifestyle Moderate Portfolio
Class 1/JILMX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Multimanager Lifestyle Moderate Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/underlying-funds. You can also request this information by contacting us at 800-344-1029.
What were the fund costs during the last period ?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
|
Multimanager Lifestyle Moderate Portfolio (Class 1/JILMX) |
$11 | 0.22% |
Fund Statistics
| Fund net assets | $2,056,461,851 |
| Total number of portfolio holdings | 85 |
| Portfolio turnover rate | 8% |
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
| Affiliated investment companies | 93.4% |
| Equity | 41.1% |
| U.S. large cap | 14.6% |
| International equity | 13.8% |
| Large blend | 4.7% |
| U.S. mid cap | 4.6% |
| Emerging-market equity | 2.1% |
| U.S. small cap | 1.3% |
| Fixed income | 48.6% |
| Intermediate bond | 22.9% |
| Multi-sector bond | 6.9% |
| Short-term bond | 5.5% |
| Emerging-market debt | 5.0% |
| Bank loan | 4.3% |
| High yield bond | 4.0% |
| Alternative and specialty | 3.7% |
| Multi-asset income | 1.5% |
| Sector equity | 1.5% |
| Absolute return | 0.7% |
| U.S. Government | 6.6% |
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/underlying-funds, you can find additional information about the fund, including the fund's:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF5244549
97SA-1
2/26
4/26
John Hancock Multimanager Lifestyle Moderate Portfolio
John Hancock Multimanager Lifestyle Moderate Portfolio
Class 5/JHLMX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Multimanager Lifestyle Moderate Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/underlying-funds. You can also request this information by contacting us at 800-344-1029.
What were the fund costs during the last period ?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
|
Multimanager Lifestyle Moderate Portfolio (Class 5/JHLMX) |
$9 | 0.17% |
Fund Statistics
| Fund net assets | $2,056,461,851 |
| Total number of portfolio holdings | 85 |
| Portfolio turnover rate | 8% |
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
| Affiliated investment companies | 93.4% |
| Equity | 41.1% |
| U.S. large cap | 14.6% |
| International equity | 13.8% |
| Large blend | 4.7% |
| U.S. mid cap | 4.6% |
| Emerging-market equity | 2.1% |
| U.S. small cap | 1.3% |
| Fixed income | 48.6% |
| Intermediate bond | 22.9% |
| Multi-sector bond | 6.9% |
| Short-term bond | 5.5% |
| Emerging-market debt | 5.0% |
| Bank loan | 4.3% |
| High yield bond | 4.0% |
| Alternative and specialty | 3.7% |
| Multi-asset income | 1.5% |
| Sector equity | 1.5% |
| Absolute return | 0.7% |
| U.S. Government | 6.6% |
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/underlying-funds, you can find additional information about the fund, including the fund's:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF5244549
97SA-5
2/26
4/26
John Hancock Multimanager Lifestyle Moderate Portfolio
John Hancock Multimanager Lifestyle Moderate Portfolio
Class A/JALMX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Multimanager Lifestyle Moderate Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last period ?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
|
Multimanager Lifestyle Moderate Portfolio (Class A/JALMX) |
$30 | 0.58% |
Fund Statistics
| Fund net assets | $2,056,461,851 |
| Total number of portfolio holdings | 85 |
| Portfolio turnover rate | 8% |
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
| Affiliated investment companies | 93.4% |
| Equity | 41.1% |
| U.S. large cap | 14.6% |
| International equity | 13.8% |
| Large blend | 4.7% |
| U.S. mid cap | 4.6% |
| Emerging-market equity | 2.1% |
| U.S. small cap | 1.3% |
| Fixed income | 48.6% |
| Intermediate bond | 22.9% |
| Multi-sector bond | 6.9% |
| Short-term bond | 5.5% |
| Emerging-market debt | 5.0% |
| Bank loan | 4.3% |
| High yield bond | 4.0% |
| Alternative and specialty | 3.7% |
| Multi-asset income | 1.5% |
| Sector equity | 1.5% |
| Absolute return | 0.7% |
| U.S. Government | 6.6% |
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF5244549
97SA-A
2/26
4/26
John Hancock Multimanager Lifestyle Moderate Portfolio
John Hancock Multimanager Lifestyle Moderate Portfolio
Class C/JCLMX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Multimanager Lifestyle Moderate Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last period ?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
|
Multimanager Lifestyle Moderate Portfolio (Class C/JCLMX) |
$65 | 1.28% |
Fund Statistics
| Fund net assets | $2,056,461,851 |
| Total number of portfolio holdings | 85 |
| Portfolio turnover rate | 8% |
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
| Affiliated investment companies | 93.4% |
| Equity | 41.1% |
| U.S. large cap | 14.6% |
| International equity | 13.8% |
| Large blend | 4.7% |
| U.S. mid cap | 4.6% |
| Emerging-market equity | 2.1% |
| U.S. small cap | 1.3% |
| Fixed income | 48.6% |
| Intermediate bond | 22.9% |
| Multi-sector bond | 6.9% |
| Short-term bond | 5.5% |
| Emerging-market debt | 5.0% |
| Bank loan | 4.3% |
| High yield bond | 4.0% |
| Alternative and specialty | 3.7% |
| Multi-asset income | 1.5% |
| Sector equity | 1.5% |
| Absolute return | 0.7% |
| U.S. Government | 6.6% |
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF5244549
97SA-C
2/26
4/26
John Hancock Multimanager Lifestyle Moderate Portfolio
John Hancock Multimanager Lifestyle Moderate Portfolio
Class I/JTMIX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Multimanager Lifestyle Moderate Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last period ?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
|
Multimanager Lifestyle Moderate Portfolio (Class I/JTMIX) |
$14 | 0.28% |
Fund Statistics
| Fund net assets | $2,056,461,851 |
| Total number of portfolio holdings | 85 |
| Portfolio turnover rate | 8% |
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
| Affiliated investment companies | 93.4% |
| Equity | 41.1% |
| U.S. large cap | 14.6% |
| International equity | 13.8% |
| Large blend | 4.7% |
| U.S. mid cap | 4.6% |
| Emerging-market equity | 2.1% |
| U.S. small cap | 1.3% |
| Fixed income | 48.6% |
| Intermediate bond | 22.9% |
| Multi-sector bond | 6.9% |
| Short-term bond | 5.5% |
| Emerging-market debt | 5.0% |
| Bank loan | 4.3% |
| High yield bond | 4.0% |
| Alternative and specialty | 3.7% |
| Multi-asset income | 1.5% |
| Sector equity | 1.5% |
| Absolute return | 0.7% |
| U.S. Government | 6.6% |
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF5244549
97SA-I
2/26
4/26
John Hancock Multimanager Lifestyle Moderate Portfolio
John Hancock Multimanager Lifestyle Moderate Portfolio
Class R2/JQLMX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Multimanager Lifestyle Moderate Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last period ?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
|
Multimanager Lifestyle Moderate Portfolio (Class R2/JQLMX) |
$34 | 0.67% |
Fund Statistics
| Fund net assets | $2,056,461,851 |
| Total number of portfolio holdings | 85 |
| Portfolio turnover rate | 8% |
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
| Affiliated investment companies | 93.4% |
| Equity | 41.1% |
| U.S. large cap | 14.6% |
| International equity | 13.8% |
| Large blend | 4.7% |
| U.S. mid cap | 4.6% |
| Emerging-market equity | 2.1% |
| U.S. small cap | 1.3% |
| Fixed income | 48.6% |
| Intermediate bond | 22.9% |
| Multi-sector bond | 6.9% |
| Short-term bond | 5.5% |
| Emerging-market debt | 5.0% |
| Bank loan | 4.3% |
| High yield bond | 4.0% |
| Alternative and specialty | 3.7% |
| Multi-asset income | 1.5% |
| Sector equity | 1.5% |
| Absolute return | 0.7% |
| U.S. Government | 6.6% |
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF5244549
97SA-R2
2/26
4/26
John Hancock Multimanager Lifestyle Moderate Portfolio
John Hancock Multimanager Lifestyle Moderate Portfolio
Class R4/JSLMX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Multimanager Lifestyle Moderate Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last period ?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
|
Multimanager Lifestyle Moderate Portfolio (Class R4/JSLMX) |
$22 | 0.42% |
Fund Statistics
| Fund net assets | $2,056,461,851 |
| Total number of portfolio holdings | 85 |
| Portfolio turnover rate | 8% |
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
| Affiliated investment companies | 93.4% |
| Equity | 41.1% |
| U.S. large cap | 14.6% |
| International equity | 13.8% |
| Large blend | 4.7% |
| U.S. mid cap | 4.6% |
| Emerging-market equity | 2.1% |
| U.S. small cap | 1.3% |
| Fixed income | 48.6% |
| Intermediate bond | 22.9% |
| Multi-sector bond | 6.9% |
| Short-term bond | 5.5% |
| Emerging-market debt | 5.0% |
| Bank loan | 4.3% |
| High yield bond | 4.0% |
| Alternative and specialty | 3.7% |
| Multi-asset income | 1.5% |
| Sector equity | 1.5% |
| Absolute return | 0.7% |
| U.S. Government | 6.6% |
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF5244549
97SA-R4
2/26
4/26
John Hancock Multimanager Lifestyle Moderate Portfolio
John Hancock Multimanager Lifestyle Moderate Portfolio
Class R5/JTLMX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Multimanager Lifestyle Moderate Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last period ?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
|
Multimanager Lifestyle Moderate Portfolio (Class R5/JTLMX) |
$11 | 0.22% |
Fund Statistics
| Fund net assets | $2,056,461,851 |
| Total number of portfolio holdings | 85 |
| Portfolio turnover rate | 8% |
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
| Affiliated investment companies | 93.4% |
| Equity | 41.1% |
| U.S. large cap | 14.6% |
| International equity | 13.8% |
| Large blend | 4.7% |
| U.S. mid cap | 4.6% |
| Emerging-market equity | 2.1% |
| U.S. small cap | 1.3% |
| Fixed income | 48.6% |
| Intermediate bond | 22.9% |
| Multi-sector bond | 6.9% |
| Short-term bond | 5.5% |
| Emerging-market debt | 5.0% |
| Bank loan | 4.3% |
| High yield bond | 4.0% |
| Alternative and specialty | 3.7% |
| Multi-asset income | 1.5% |
| Sector equity | 1.5% |
| Absolute return | 0.7% |
| U.S. Government | 6.6% |
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF5244549
97SA-R5
2/26
4/26
John Hancock Multimanager Lifestyle Moderate Portfolio
John Hancock Multimanager Lifestyle Moderate Portfolio
Class R6/JULMX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Multimanager Lifestyle Moderate Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last period ?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
|
Multimanager Lifestyle Moderate Portfolio (Class R6/JULMX) |
$9 | 0.17% |
Fund Statistics
| Fund net assets | $2,056,461,851 |
| Total number of portfolio holdings | 85 |
| Portfolio turnover rate | 8% |
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
| Affiliated investment companies | 93.4% |
| Equity | 41.1% |
| U.S. large cap | 14.6% |
| International equity | 13.8% |
| Large blend | 4.7% |
| U.S. mid cap | 4.6% |
| Emerging-market equity | 2.1% |
| U.S. small cap | 1.3% |
| Fixed income | 48.6% |
| Intermediate bond | 22.9% |
| Multi-sector bond | 6.9% |
| Short-term bond | 5.5% |
| Emerging-market debt | 5.0% |
| Bank loan | 4.3% |
| High yield bond | 4.0% |
| Alternative and specialty | 3.7% |
| Multi-asset income | 1.5% |
| Sector equity | 1.5% |
| Absolute return | 0.7% |
| U.S. Government | 6.6% |
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF5244549
97SA-R6
2/26
4/26
John Hancock Multimanager Lifestyle Moderate Portfolio
John Hancock Multimanager Lifestyle Conservative Portfolio
Class 1/JILCX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Multimanager Lifestyle Conservative Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/underlying-funds. You can also request this information by contacting us at 800-344-1029.
What were the fund costs during the last period ?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
|
Multimanager Lifestyle Conservative Portfolio (Class 1/JILCX) |
$13 | 0.25% |
Fund Statistics
| Fund net assets | $1,538,053,557 |
| Total number of portfolio holdings | 26 |
| Portfolio turnover rate | 7% |
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
| Affiliated investment companies | 90.0% |
| Equity | 21.6% |
| International equity | 8.0% |
| U.S. large cap | 6.4% |
| Large blend | 3.6% |
| U.S. mid cap | 2.3% |
| U.S. small cap | 0.9% |
| Emerging-market equity | 0.4% |
| Fixed income | 66.4% |
| Intermediate bond | 32.7% |
| Multi-sector bond | 8.4% |
| Short-term bond | 7.7% |
| Emerging-market debt | 6.5% |
| Bank loan | 5.7% |
| High yield bond | 5.4% |
| Alternative and specialty | 2.0% |
| Multi-asset income | 2.0% |
| U.S. Government | 9.9% |
| Short-term investments and other | 0.1% |
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/underlying-funds, you can find additional information about the fund, including the fund's:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF5244549
98SA-1
2/26
4/26
John Hancock Multimanager Lifestyle Conservative Portfolio
John Hancock Multimanager Lifestyle Conservative Portfolio
Class A/JALRX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Multimanager Lifestyle Conservative Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last period ?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
|
Multimanager Lifestyle Conservative Portfolio (Class A/JALRX) |
$31 | 0.61% |
Fund Statistics
| Fund net assets | $1,538,053,557 |
| Total number of portfolio holdings | 26 |
| Portfolio turnover rate | 7% |
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
| Affiliated investment companies | 90.0% |
| Equity | 21.6% |
| International equity | 8.0% |
| U.S. large cap | 6.4% |
| Large blend | 3.6% |
| U.S. mid cap | 2.3% |
| U.S. small cap | 0.9% |
| Emerging-market equity | 0.4% |
| Fixed income | 66.4% |
| Intermediate bond | 32.7% |
| Multi-sector bond | 8.4% |
| Short-term bond | 7.7% |
| Emerging-market debt | 6.5% |
| Bank loan | 5.7% |
| High yield bond | 5.4% |
| Alternative and specialty | 2.0% |
| Multi-asset income | 2.0% |
| U.S. Government | 9.9% |
| Short-term investments and other | 0.1% |
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF5244549
98SA-A
2/26
4/26
John Hancock Multimanager Lifestyle Conservative Portfolio
John Hancock Multimanager Lifestyle Conservative Portfolio
Class C/JCLCX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Multimanager Lifestyle Conservative Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last period ?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
|
Multimanager Lifestyle Conservative Portfolio (Class C/JCLCX) |
$66 | 1.31% |
Fund Statistics
| Fund net assets | $1,538,053,557 |
| Total number of portfolio holdings | 26 |
| Portfolio turnover rate | 7% |
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
| Affiliated investment companies | 90.0% |
| Equity | 21.6% |
| International equity | 8.0% |
| U.S. large cap | 6.4% |
| Large blend | 3.6% |
| U.S. mid cap | 2.3% |
| U.S. small cap | 0.9% |
| Emerging-market equity | 0.4% |
| Fixed income | 66.4% |
| Intermediate bond | 32.7% |
| Multi-sector bond | 8.4% |
| Short-term bond | 7.7% |
| Emerging-market debt | 6.5% |
| Bank loan | 5.7% |
| High yield bond | 5.4% |
| Alternative and specialty | 2.0% |
| Multi-asset income | 2.0% |
| U.S. Government | 9.9% |
| Short-term investments and other | 0.1% |
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF5244549
98SA-C
2/26
4/26
John Hancock Multimanager Lifestyle Conservative Portfolio
John Hancock Multimanager Lifestyle Conservative Portfolio
Class I/JTOIX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Multimanager Lifestyle Conservative Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last period ?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
|
Multimanager Lifestyle Conservative Portfolio (Class I/JTOIX) |
$16 | 0.31% |
Fund Statistics
| Fund net assets | $1,538,053,557 |
| Total number of portfolio holdings | 26 |
| Portfolio turnover rate | 7% |
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
| Affiliated investment companies | 90.0% |
| Equity | 21.6% |
| International equity | 8.0% |
| U.S. large cap | 6.4% |
| Large blend | 3.6% |
| U.S. mid cap | 2.3% |
| U.S. small cap | 0.9% |
| Emerging-market equity | 0.4% |
| Fixed income | 66.4% |
| Intermediate bond | 32.7% |
| Multi-sector bond | 8.4% |
| Short-term bond | 7.7% |
| Emerging-market debt | 6.5% |
| Bank loan | 5.7% |
| High yield bond | 5.4% |
| Alternative and specialty | 2.0% |
| Multi-asset income | 2.0% |
| U.S. Government | 9.9% |
| Short-term investments and other | 0.1% |
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF5244549
98SA-I
2/26
4/26
John Hancock Multimanager Lifestyle Conservative Portfolio
John Hancock Multimanager Lifestyle Conservative Portfolio
Class R2/JQLCX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Multimanager Lifestyle Conservative Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last period ?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
|
Multimanager Lifestyle Conservative Portfolio (Class R2/JQLCX) |
$35 | 0.69% |
Fund Statistics
| Fund net assets | $1,538,053,557 |
| Total number of portfolio holdings | 26 |
| Portfolio turnover rate | 7% |
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
| Affiliated investment companies | 90.0% |
| Equity | 21.6% |
| International equity | 8.0% |
| U.S. large cap | 6.4% |
| Large blend | 3.6% |
| U.S. mid cap | 2.3% |
| U.S. small cap | 0.9% |
| Emerging-market equity | 0.4% |
| Fixed income | 66.4% |
| Intermediate bond | 32.7% |
| Multi-sector bond | 8.4% |
| Short-term bond | 7.7% |
| Emerging-market debt | 6.5% |
| Bank loan | 5.7% |
| High yield bond | 5.4% |
| Alternative and specialty | 2.0% |
| Multi-asset income | 2.0% |
| U.S. Government | 9.9% |
| Short-term investments and other | 0.1% |
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF5244549
98SA-R2
2/26
4/26
John Hancock Multimanager Lifestyle Conservative Portfolio
John Hancock Multimanager Lifestyle Conservative Portfolio
Class R4/JSLCX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Multimanager Lifestyle Conservative Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last period ?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
|
Multimanager Lifestyle Conservative Portfolio (Class R4/JSLCX) |
$23 | 0.46% |
Fund Statistics
| Fund net assets | $1,538,053,557 |
| Total number of portfolio holdings | 26 |
| Portfolio turnover rate | 7% |
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
| Affiliated investment companies | 90.0% |
| Equity | 21.6% |
| International equity | 8.0% |
| U.S. large cap | 6.4% |
| Large blend | 3.6% |
| U.S. mid cap | 2.3% |
| U.S. small cap | 0.9% |
| Emerging-market equity | 0.4% |
| Fixed income | 66.4% |
| Intermediate bond | 32.7% |
| Multi-sector bond | 8.4% |
| Short-term bond | 7.7% |
| Emerging-market debt | 6.5% |
| Bank loan | 5.7% |
| High yield bond | 5.4% |
| Alternative and specialty | 2.0% |
| Multi-asset income | 2.0% |
| U.S. Government | 9.9% |
| Short-term investments and other | 0.1% |
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF5244549
98SA-R4
2/26
4/26
John Hancock Multimanager Lifestyle Conservative Portfolio
John Hancock Multimanager Lifestyle Conservative Portfolio
Class R5/JTLRX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Multimanager Lifestyle Conservative Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last period ?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
|
Multimanager Lifestyle Conservative Portfolio (Class R5/JTLRX) |
$13 | 0.26% |
Fund Statistics
| Fund net assets | $1,538,053,557 |
| Total number of portfolio holdings | 26 |
| Portfolio turnover rate | 7% |
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
| Affiliated investment companies | 90.0% |
| Equity | 21.6% |
| International equity | 8.0% |
| U.S. large cap | 6.4% |
| Large blend | 3.6% |
| U.S. mid cap | 2.3% |
| U.S. small cap | 0.9% |
| Emerging-market equity | 0.4% |
| Fixed income | 66.4% |
| Intermediate bond | 32.7% |
| Multi-sector bond | 8.4% |
| Short-term bond | 7.7% |
| Emerging-market debt | 6.5% |
| Bank loan | 5.7% |
| High yield bond | 5.4% |
| Alternative and specialty | 2.0% |
| Multi-asset income | 2.0% |
| U.S. Government | 9.9% |
| Short-term investments and other | 0.1% |
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF5244549
98SA-R5
2/26
4/26
John Hancock Multimanager Lifestyle Conservative Portfolio
John Hancock Multimanager Lifestyle Conservative Portfolio
Class R6/JULCX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Multimanager Lifestyle Conservative Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last period ?
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
|
Multimanager Lifestyle Conservative Portfolio (Class R6/JULCX) |
$11 | 0.21% |
Fund Statistics
| Fund net assets | $1,538,053,557 |
| Total number of portfolio holdings | 26 |
| Portfolio turnover rate | 7% |
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
| Affiliated investment companies | 90.0% |
| Equity | 21.6% |
| International equity | 8.0% |
| U.S. large cap | 6.4% |
| Large blend | 3.6% |
| U.S. mid cap | 2.3% |
| U.S. small cap | 0.9% |
| Emerging-market equity | 0.4% |
| Fixed income | 66.4% |
| Intermediate bond | 32.7% |
| Multi-sector bond | 8.4% |
| Short-term bond | 7.7% |
| Emerging-market debt | 6.5% |
| Bank loan | 5.7% |
| High yield bond | 5.4% |
| Alternative and specialty | 2.0% |
| Multi-asset income | 2.0% |
| U.S. Government | 9.9% |
| Short-term investments and other | 0.1% |
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
-
Prospectus
-
Financial information
-
Fund holdings
-
Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF5244549
98SA-R6
2/26
4/26
John Hancock Multimanager Lifestyle Conservative Portfolio
ITEM 2. CODE OF ETHICS.
Item is not applicable at this time.
ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.
Item is not applicable at this time.
ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.
Item is not applicable at this time.
ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS.
Item is not applicable at this time.
ITEM 6. SCHEDULE OF INVESTMENTS.
(a) Refer to information included in Item 7.
(b) Not applicable.
ITEM 7. FINANCIAL STATEMENTS AND FINANCIAL HIGHLIGHTS FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.
The Registrant prepared financial statements and financial highlights for the six months ended February 28, 2026 for the following funds:
-
John Hancock Multimanager Lifestyle Aggressive Portfolio
-
John Hancock Multimanager Lifestyle Growth Portfolio
-
John Hancock Multimanager Lifestyle Balanced Portfolio
-
John Hancock Multimanager Lifestyle Moderate Portfolio
-
John Hancock Multimanager Lifestyle Conservative Portfolio
Semiannual Financial Statements & Other N-CSR Items
John Hancock
Multimanager Lifestyle Portfolios
Asset allocation
February 28, 2026
John Hancock
Multimanager Lifestyle Portfolios
Table of contents
| 2 | Portfolios' investments |
| 10 | Financial statements |
| 17 | Financial highlights |
| 27 | Notes to financial statements |
| 46 | Shareholder meeting |
| 1 | JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS | |
Table of Contents
Portfolios' investments
| Subadvisors of Affiliated Underlying Funds | |
| Allspring Global Investments, LLC | (Allspring Investments) |
| Axiom International Investors LLC | (Axiom) |
| BCSF Advisors, LP (Bain Capital Credit) | (Bain Capital) |
| Boston Partners Global Investors, Inc. | (Boston Partners) |
| Dimensional Fund Advisors LP | (DFA) |
| Graham Capital Management, L.P. | (Graham) |
| Manulife Investment Management (US) LLC | (MIM US) |
| T. Rowe Price Associates, Inc. | (T. Rowe Price) |
| Wellington Management Company LLP | (Wellington) |
MULTIMANAGER LIFESTYLE AGGRESSIVE PORTFOLIO
As of 2-28-26 (unaudited)
|
Shares or Principal Amount |
Value | |
| AFFILIATED INVESTMENT COMPANIES (A) - 99.4% | ||
| Equity - 93.7% | ||
| Blue Chip Growth, Class NAV, JHF II (T. Rowe Price) | 6,101,711 | $376,536,616 |
| Capital Appreciation Value, Class NAV, JHF II (T. Rowe Price) | 15,321,060 | 132,527,172 |
| Disciplined Value, Class NAV, JHF III (Boston Partners) | 17,091,898 | 456,695,525 |
| Disciplined Value International, Class NAV, JHIT (Boston Partners) | 17,838,799 | 335,191,039 |
| Emerging Markets Equity, Class NAV, JHIT (MIM US) (B) | 12,305,926 | 152,224,303 |
| Fundamental Large Cap Core, Class NAV, JHIT (MIM US) (B) | 4,223,189 | 293,596,114 |
| International Dynamic Growth, Class NAV, JHIT (Axiom) | 14,211,077 | 257,078,387 |
| International Strategic Equity Allocation, Class NAV, JHF II (MIM US) (B) | 26,945,143 | 371,304,065 |
| Mid Cap Growth, Class NAV, JHIT (Wellington) | 8,032,882 | 146,439,446 |
| Mid Value, Class NAV, JHF II (T. Rowe Price) | 14,296,075 | 229,737,922 |
| Multifactor Emerging Markets ETF, JHETF (DFA) | 2,195,740 | 83,108,759 |
| Small Cap Core, Class NAV, JHIT (MIM US) (B) | 8,243,521 | 143,519,693 |
| U.S. Sector Rotation, Class NAV, JHF II (MIM US) (B) | 14,171,942 | 192,029,808 |
| Fixed income - 1.7% | ||
| Emerging Markets Debt, Class NAV, JHF II (MIM US) (B) | 2,067,024 | 17,114,962 |
| High Yield, Class NAV, JHBT (MIM US) (B) | 4,981,653 | 15,194,042 |
| Short Duration Bond, Class NAV, JHBT (MIM US) (B) | 2,855,178 | 26,895,774 |
| Alternative and specialty - 4.0% | ||
| Diversified Macro, Class NAV, JHIT (Graham) | 1,734,732 | 15,525,847 |
| Diversified Real Assets, Class NAV, JHIT (MIM US/Wellington) (B) | 8,458,861 | 119,354,531 |
|
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost $2,443,847,357) |
$3,364,074,005 | |
| COMMON STOCKS - 0.0% | ||
| Communication services - 0.0% | ||
| KAB Distribution, Inc. (C)(D) | 3,438 | 0 |
| Consumer discretionary - 0.0% | ||
| 3D-Gold Jewellery Holdings, Ltd. (C)(D) | 57,902 | 0 |
| EganaGoldpfeil Holdings, Ltd. (C)(D) | 24,608 | 0 |
| Genting Hong Kong, Ltd. (C)(D) | 102,729 | 0 |
| Peace Mark Holdings, Ltd. (C)(D) | 33,620 | 0 |
| Consumer staples - 0.0% | ||
| Pacific Andes International Holdings, Ltd. (C)(D) | 405,556 | 0 |
| Energy - 0.0% | ||
| Birch Mountain Resources, Ltd. (C)(D) | 2,092 | 0 |
| Brightoil Petroleum Holdings, Ltd. (C)(D) | 105,157 | 0 |
| Ezion Holdings, Ltd. (C)(D) | 210,318 | 0 |
| Ezra Holdings, Ltd. (C)(D) | 81,996 | 0 |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS | 2 |
Table of Contents
MULTIMANAGER LIFESTYLE AGGRESSIVE PORTFOLIO (continued)
|
Shares or Principal Amount |
Value | |
| Energy - (continued) | ||
| John Wood Group PLC (D) | 5,714 | $2,012 |
| Lightstream Resources, Ltd. (C)(D) | 14,190 | 0 |
| Manitok Energy, Inc. (C)(D) | 31 | 0 |
| Paladin Energy, Ltd. (D) | 1,937 | 18,262 |
| Peninsula Energy, Ltd. (D) | 2,110 | 1,126 |
| Sakari Resources, Ltd. (C)(D)(E) | 215,623 | 81,822 |
| Savannah Energy PLC (D) | 9,979 | 1,322 |
| Swiber Holdings, Ltd. (C)(D) | 23,955 | 0 |
| Financials - 0.0% | ||
| Caja de Ahorros del Mediterraneo (C)(D) | 315 | 0 |
| Convoy Global Holdings, Ltd. (C)(D) | 117,671 | 0 |
| Good Resources Holdings, Ltd. (C)(D) | 50,431 | 0 |
| TT Hellenic Postbank SA (C)(D) | 3,871 | 0 |
| Health care - 0.0% | ||
| Alapis Holding Industrial and Commercial SA of Pharmaceutical Chemical Products (C)(D) | 338 | 0 |
| Galapagos NV (D) | 328 | 11,023 |
| Pihlajalinna OYJ | 120 | 1,894 |
| Zenith Capital Corp. (D) | 990 | 99 |
| Industrials - 0.0% | ||
| Burwill Holdings, Ltd. (C)(D) | 227,124 | 0 |
| Carillion PLC (C)(D) | 21,342 | 0 |
| CW Group Holdings, Ltd. (C)(D) | 25,215 | 0 |
| Gold-Finance Holdings, Ltd. (C)(D) | 39,971 | 0 |
| Hsin Chong Group Holdings, Ltd. (C)(D) | 137,470 | 0 |
| Information technology - 0.0% | ||
| China Solar Energy Holdings, Ltd. (C)(D) | 23,721 | 0 |
| DMX Technologies Group, Ltd. (C)(D) | 6,351 | 0 |
| MH Development, Ltd. (C)(D) | 23,161 | 0 |
| Materials - 0.0% | ||
| AVZ Minerals, Ltd. (C)(D) | 60,308 | 5,021 |
| Danakali, Ltd. (D) | 3,180 | 105 |
| EcoGreen International Group, Ltd. (C)(D) | 14,195 | 0 |
| Firefinch, Ltd. (C)(D) | 7,613 | 163 |
| Fraser Papers Holdings, Inc. (C)(D) | 897 | 0 |
| Hanfeng Evergreen, Inc. (C)(D) | 691 | 0 |
| Midas Holdings, Ltd. (C)(D) | 46,508 | 0 |
| Orbite Technologies, Inc. (C)(D) | 19,705 | 0 |
| Ten Sixty Four, Ltd. (C)(D) | 14,533 | 884 |
| Up Energy Development Group, Ltd. (C)(D) | 167,728 | 0 |
| Victoria Gold Corp. (C)(D) | 62 | 10 |
| Wiluna Mining Corp., Ltd. (C)(D) | 1,869 | 0 |
| Real estate - 0.0% | ||
| Lerthai Group, Ltd. (C)(D) | 3,362 | 0 |
| Utilities - 0.0% | ||
| Hyflux, Ltd. (C)(D) | 10,348 | 0 |
| TOTAL COMMON STOCKS (Cost $122,773) | $123,743 | |
MULTIMANAGER LIFESTYLE AGGRESSIVE PORTFOLIO (continued)
|
Shares or Principal Amount |
Value | |
| U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 0.6% | ||
| U.S. Government - 0.6% | ||
| U.S. Treasury STRIPS, PO, 4.753%, 05/15/2055 | $13,229,700 | $3,342,014 |
| U.S. Treasury STRIPS, PO, 4.785%, 02/15/2054 | 24,435,800 | 6,488,182 |
| U.S. Treasury STRIPS, PO, 4.807%, 11/15/2052 | 20,368,300 | 5,705,156 |
| U.S. Treasury STRIPS, PO, 4.830%, 08/15/2051 | 15,562,400 | 4,602,064 |
|
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $21,649,826) |
$20,137,416 | |
| WARRANTS - 0.0% | ||
| APAC Resources, Ltd. (Expiration Date: 12-15-27; Strike Price: HKD 1.00) (D) | 9,047 | 2,960 |
| CSI Properties, Ltd. (Expiration Date: 4-7-27; Strike Price: HKD 0.22) (D) | 9,958 | 34 |
| SomaLogic, Inc. (Expiration Date: 8-31-26; Strike Price: $11.50) (D) | 414 | 15 |
| Webuild SpA (Expiration Date: 8-2-30) (D)(F) | 1,065 | 790 |
| TOTAL WARRANTS (Cost $1,069) | $3,799 | |
| RIGHTS - 0.0% | ||
| Intercell AG (C)(D)(F) | 1,625 | 0 |
| TOTAL RIGHTS (Cost $0) | $0 | |
| SHORT-TERM INVESTMENTS - 0.0% | ||
| Short-term funds - 0.0% | ||
| John Hancock Collateral Trust, 3.5447% (G)(H) | 3,571 | 35,716 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $35,716) | $35,716 | |
| Total investments (Cost $2,465,656,741) - 100.0% | $3,384,374,679 | |
| Other assets and liabilities, net - 0.0% | 428,645 | |
| TOTAL NET ASSETS - 100.0% | $3,384,803,324 | |
MULTIMANAGER LIFESTYLE GROWTH PORTFOLIO
As of 2-28-26 (unaudited)
|
Shares or Principal Amount |
Value | |
| AFFILIATED INVESTMENT COMPANIES (A) - 97.4% | ||
| Equity - 80.1% | ||
| Blue Chip Growth, Class NAV, JHF II (T. Rowe Price) | 14,080,579 | $868,912,529 |
| Capital Appreciation Value, Class NAV, JHF II (T. Rowe Price) | 32,789,985 | 283,633,372 |
| Disciplined Value, Class NAV, JHF III (Boston Partners) | 38,059,456 | 1,016,948,666 |
| Disciplined Value International, Class NAV, JHIT (Boston Partners) | 41,849,674 | 786,355,372 |
| Emerging Markets Equity, Class NAV, JHIT (MIM US) (B) | 23,444,961 | 290,014,166 |
| Fundamental Large Cap Core, Class NAV, JHIT (MIM US) (B) | 7,278,246 | 505,983,632 |
| Global Equity, Class NAV, JHF II (MIM US) (B) | 16,381,619 | 225,902,520 |
| International Dynamic Growth, Class NAV, JHIT (Axiom) | 30,354,875 | 549,119,694 |
| International Strategic Equity Allocation, Class NAV, JHF II (MIM US) (B) | 60,347,995 | 831,595,370 |
| 3 | JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS | | SEE NOTES TO FINANCIAL STATEMENTS |
Table of Contents
MULTIMANAGER LIFESTYLE GROWTH PORTFOLIO (continued)
|
Shares or Principal Amount |
Value | |
| Equity - (continued) | ||
| Mid Cap Growth, Class NAV, JHIT (Wellington) | 16,948,859 | $308,977,696 |
| Mid Value, Class NAV, JHF II (T. Rowe Price) | 30,077,319 | 483,342,524 |
| Multifactor Emerging Markets ETF, JHETF (DFA) | 4,255,595 | 161,074,271 |
| Small Cap Core, Class NAV, JHIT (MIM US) (B) | 16,756,436 | 291,729,553 |
| U.S. Sector Rotation, Class NAV, JHF II (MIM US) (B) | 29,338,270 | 397,533,561 |
| Fixed income - 14.0% | ||
| Bond, Class NAV, JHSB (MIM US) (B) | 38,150,308 | 529,526,272 |
| Emerging Markets Debt, Class NAV, JHF II (MIM US) (B) | 17,908,812 | 148,284,964 |
| Floating Rate Income, Class NAV, JHF II (Bain Capital) | 16,774,394 | 122,956,311 |
| High Yield, Class NAV, JHBT (MIM US) (B) | 35,915,643 | 109,542,711 |
| Short Duration Bond, Class NAV, JHBT (MIM US) (B) | 13,460,633 | 126,799,163 |
| Strategic Income Opportunities, Class NAV, JHF II (MIM US) (B) | 17,862,697 | 186,843,806 |
| Alternative and specialty - 3.3% | ||
| Diversified Macro, Class NAV, JHIT (Graham) | 4,975,271 | 44,528,678 |
| Diversified Real Assets, Class NAV, JHIT (MIM US/Wellington) (B) | 17,180,912 | 242,422,662 |
|
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost $6,503,770,600) |
$8,512,027,493 | |
| COMMON STOCKS - 0.0% | ||
| Communication services - 0.0% | ||
| KAB Distribution, Inc. (C)(D) | 7,240 | 0 |
| Consumer discretionary - 0.0% | ||
| 3D-Gold Jewellery Holdings, Ltd. (C)(D) | 121,915 | 0 |
| Calida Holding AG | 1 | 17 |
| EganaGoldpfeil Holdings, Ltd. (C)(D) | 51,814 | 0 |
| Genting Hong Kong, Ltd. (C)(D) | 216,301 | 0 |
| Peace Mark Holdings, Ltd. (C)(D) | 70,791 | 0 |
| Consumer staples - 0.0% | ||
| Pacific Andes International Holdings, Ltd. (C)(D) | 853,924 | 0 |
| Energy - 0.0% | ||
| Birch Mountain Resources, Ltd. (C)(D) | 4,404 | 0 |
| Brightoil Petroleum Holdings, Ltd. (C)(D) | 221,414 | 0 |
| Ezion Holdings, Ltd. (C)(D) | 442,837 | 0 |
| Ezra Holdings, Ltd. (C)(D) | 172,645 | 0 |
| John Wood Group PLC (D) | 12,031 | 4,235 |
| Lightstream Resources, Ltd. (C)(D) | 29,877 | 0 |
| Manitok Energy, Inc. (C)(D) | 66 | 0 |
| Paladin Energy, Ltd. (D) | 4,079 | 38,456 |
| Peninsula Energy, Ltd. (D) | 4,443 | 2,370 |
| Sakari Resources, Ltd. (C)(D)(E) | 489,868 | 185,897 |
| Savannah Energy PLC (D) | 21,010 | 2,783 |
| Swiber Holdings, Ltd. (C)(D) | 50,438 | 0 |
| VAALCO Energy, Inc. | 1 | 5 |
MULTIMANAGER LIFESTYLE GROWTH PORTFOLIO (continued)
|
Shares or Principal Amount |
Value | |
| Financials - 0.0% | ||
| Caja de Ahorros del Mediterraneo (C)(D) | 661 | $0 |
| Convoy Global Holdings, Ltd. (C)(D) | 247,765 | 0 |
| Good Resources Holdings, Ltd. (C)(D) | 106,185 | 0 |
| TT Hellenic Postbank SA (C)(D) | 8,153 | 0 |
| Health care - 0.0% | ||
| Alapis Holding Industrial and Commercial SA of Pharmaceutical Chemical Products (C)(D) | 714 | 0 |
| Galapagos NV (D) | 688 | 23,122 |
| Pihlajalinna OYJ | 254 | 4,009 |
| Zenith Capital Corp. (D) | 2,086 | 209 |
| Industrials - 0.0% | ||
| Burwill Holdings, Ltd. (C)(D) | 478,224 | 0 |
| Carillion PLC (C)(D) | 44,938 | 0 |
| CW Group Holdings, Ltd. (C)(D) | 53,091 | 0 |
| Gold-Finance Holdings, Ltd. (C)(D) | 84,162 | 0 |
| Hsin Chong Group Holdings, Ltd. (C)(D) | 289,451 | 0 |
| Information technology - 0.0% | ||
| China Solar Energy Holdings, Ltd. (C)(D) | 49,947 | 0 |
| DMX Technologies Group, Ltd. (C)(D) | 13,373 | 0 |
| MH Development, Ltd. (C)(D) | 48,767 | 0 |
| Materials - 0.0% | ||
| AVZ Minerals, Ltd. (C)(D) | 126,980 | 10,573 |
| Danakali, Ltd. (D) | 6,694 | 222 |
| EcoGreen International Group, Ltd. (C)(D) | 29,890 | 0 |
| Firefinch, Ltd. (C)(D) | 16,029 | 342 |
| Fraser Papers Holdings, Inc. (C)(D) | 1,888 | 0 |
| Hanfeng Evergreen, Inc. (C)(D) | 1,455 | 0 |
| Midas Holdings, Ltd. (C)(D) | 97,926 | 0 |
| Orbite Technologies, Inc. (C)(D) | 41,492 | 0 |
| Ten Sixty Four, Ltd. (C)(D) | 30,600 | 1,862 |
| Up Energy Development Group, Ltd. (C)(D) | 353,161 | 0 |
| Victoria Gold Corp. (C)(D) | 132 | 21 |
| Wiluna Mining Corp., Ltd. (C)(D) | 3,934 | 0 |
| Real estate - 0.0% | ||
| Lerthai Group, Ltd. (C)(D) | 7,079 | 0 |
| Utilities - 0.0% | ||
| Hyflux, Ltd. (C)(D) | 21,788 | 0 |
| TOTAL COMMON STOCKS (Cost $273,782) | $274,123 | |
| U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 2.6% | ||
| U.S. Government - 2.6% | ||
| U.S. Treasury Inflation Protected Security, 0.125%, 04/15/2027 | $8,824,093 | 8,750,286 |
| U.S. Treasury Inflation Protected Security, 1.250%, 04/15/2028 | 54,268,282 | 54,601,545 |
| U.S. Treasury Inflation Protected Security, 1.625%, 04/15/2030 | 54,975,634 | 56,114,574 |
| U.S. Treasury Inflation Protected Security, 2.125%, 04/15/2029 | 51,161,462 | 52,881,919 |
| U.S. Treasury STRIPS, PO, 4.753%, 05/15/2055 | 34,540,400 | 8,725,404 |
| U.S. Treasury STRIPS, PO, 4.785%, 02/15/2054 | 64,201,900 | 17,046,858 |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS | 4 |
Table of Contents
MULTIMANAGER LIFESTYLE GROWTH PORTFOLIO (continued)
|
Shares or Principal Amount |
Value | |
| U.S. Government - (continued) | ||
| U.S. Treasury STRIPS, PO, 4.807%, 11/15/2052 | 53,515,500 | $14,989,678 |
| U.S. Treasury STRIPS, PO, 4.830%, 08/15/2051 | 40,630,400 | 12,015,094 |
|
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $225,872,620) |
$225,125,358 | |
| WARRANTS - 0.0% | ||
| APAC Resources, Ltd. (Expiration Date: 12-15-27; Strike Price: HKD 1.00) (D) | 19,048 | 6,233 |
| CSI Properties, Ltd. (Expiration Date: 4-7-27; Strike Price: HKD 0.22) (D) | 20,969 | 72 |
| SomaLogic, Inc. (Expiration Date: 8-31-26; Strike Price: $11.50) (D) | 993 | 36 |
| Webuild SpA (Expiration Date: 8-2-30) (D)(F) | 2,244 | 1,665 |
| TOTAL WARRANTS (Cost $2,259) | $8,006 | |
| RIGHTS - 0.0% | ||
| Intercell AG (C)(D)(F) | 3,421 | 0 |
| TOTAL RIGHTS (Cost $0) | $0 | |
| SHORT-TERM INVESTMENTS - 0.0% | ||
| Short-term funds - 0.0% | ||
| John Hancock Collateral Trust, 3.5447% (G)(H) | 10,142 | 101,446 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $101,448) | $101,446 | |
| Total investments (Cost $6,730,020,709) - 100.0% | $8,737,536,426 | |
| Other assets and liabilities, net - 0.0% | 2,070,896 | |
| TOTAL NET ASSETS - 100.0% | $8,739,607,322 | |
MULTIMANAGER LIFESTYLE BALANCED PORTFOLIO
As of 2-28-26 (unaudited)
|
Shares or Principal Amount |
Value | |
| AFFILIATED INVESTMENT COMPANIES (A) - 95.1% | ||
| Equity - 60.9% | ||
| Blue Chip Growth, Class NAV, JHF II (T. Rowe Price) | 7,998,257 | $493,572,436 |
| Capital Appreciation Value, Class NAV, JHF II (T. Rowe Price) | 35,183,653 | 304,338,597 |
| Disciplined Value, Class NAV, JHF III (Boston Partners) | 21,977,409 | 587,236,363 |
| Disciplined Value International, Class NAV, JHIT (Boston Partners) | 26,198,445 | 492,268,784 |
| Emerging Markets Equity, Class NAV, JHIT (MIM US) (B) | 13,707,947 | 169,567,303 |
| Fundamental Large Cap Core, Class NAV, JHIT (MIM US) (B) | 3,819,919 | 265,560,799 |
| Global Equity, Class NAV, JHF II (MIM US) (B) | 13,179,118 | 181,740,036 |
| International Dynamic Growth, Class NAV, JHIT (Axiom) | 19,546,185 | 353,590,482 |
| International Strategic Equity Allocation, Class NAV, JHF II (MIM US) (B) | 34,293,138 | 472,559,438 |
| Mid Cap Growth, Class NAV, JHIT (Wellington) | 10,681,751 | 194,728,314 |
| Mid Value, Class NAV, JHF II (T. Rowe Price) | 19,799,421 | 318,176,691 |
MULTIMANAGER LIFESTYLE BALANCED PORTFOLIO (continued)
|
Shares or Principal Amount |
Value | |
| Equity - (continued) | ||
| Multifactor Emerging Markets ETF, JHETF (DFA) | 2,861,307 | $108,300,470 |
| Small Cap Core, Class NAV, JHIT (MIM US) (B) | 9,916,584 | 172,647,719 |
| U.S. Sector Rotation, Class NAV, JHF II (MIM US) (B) | 31,391,660 | 425,356,992 |
| Fixed income - 30.9% | ||
| Bond, Class NAV, JHSB (MIM US) (B) | 51,034,698 | 708,361,602 |
| Core Bond, Class NAV, JHF II (Allspring Investments) | 24,472,035 | 274,576,237 |
| Emerging Markets Debt, Class NAV, JHF II (MIM US) (B) | 29,888,398 | 247,475,938 |
| Floating Rate Income, Class NAV, JHF II (Bain Capital) | 28,705,129 | 210,408,595 |
| High Yield, Class NAV, JHBT (MIM US) (B) | 62,040,059 | 189,222,179 |
| Short Duration Bond, Class NAV, JHBT (MIM US) (B) | 25,702,164 | 242,114,384 |
| Strategic Income Opportunities, Class NAV, JHF II (MIM US) (B) | 41,233,053 | 431,297,739 |
| Alternative and specialty - 3.3% | ||
| Diversified Macro, Class NAV, JHIT (Graham) | 5,903,341 | 52,834,900 |
| Diversified Real Assets, Class NAV, JHIT (MIM US/Wellington) (B) | 10,888,400 | 153,635,323 |
| Multi-Asset High Income, Class NAV, JHF II (MIM US) (B) | 3,626,020 | 38,036,949 |
|
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost $5,840,863,218) |
$7,087,608,270 | |
| COMMON STOCKS - 0.0% | ||
| Communication services - 0.0% | ||
| KAB Distribution, Inc. (C)(D) | 3,449 | 0 |
| Consumer discretionary - 0.0% | ||
| 3D-Gold Jewellery Holdings, Ltd. (C)(D) | 58,093 | 0 |
| EganaGoldpfeil Holdings, Ltd. (C)(D) | 24,690 | 0 |
| Genting Hong Kong, Ltd. (C)(D) | 103,069 | 0 |
| Peace Mark Holdings, Ltd. (C)(D) | 33,732 | 0 |
| Consumer staples - 0.0% | ||
| Pacific Andes International Holdings, Ltd. (C)(D) | 406,897 | 0 |
| Energy - 0.0% | ||
| Birch Mountain Resources, Ltd. (C)(D) | 2,099 | 0 |
| Brightoil Petroleum Holdings, Ltd. (C)(D) | 105,505 | 0 |
| Ezion Holdings, Ltd. (C)(D) | 211,013 | 0 |
| Ezra Holdings, Ltd. (C)(D) | 82,267 | 0 |
| John Wood Group PLC (D) | 5,733 | 2,018 |
| Lightstream Resources, Ltd. (C)(D) | 14,237 | 0 |
| Manitok Energy, Inc. (C)(D) | 31 | 0 |
| Paladin Energy, Ltd. (D) | 1,943 | 18,318 |
| Peninsula Energy, Ltd. (D) | 2,117 | 1,129 |
| Sakari Resources, Ltd. (C)(D)(E) | 303,543 | 115,192 |
| Savannah Energy PLC (D) | 10,012 | 1,326 |
| Swiber Holdings, Ltd. (C)(D) | 24,034 | 0 |
| 5 | JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS | | SEE NOTES TO FINANCIAL STATEMENTS |
Table of Contents
MULTIMANAGER LIFESTYLE BALANCED PORTFOLIO (continued)
|
Shares or Principal Amount |
Value | |
| Financials - 0.0% | ||
| Caja de Ahorros del Mediterraneo (C)(D) | 316 | $0 |
| Convoy Global Holdings, Ltd. (C)(D) | 118,060 | 0 |
| Good Resources Holdings, Ltd. (C)(D) | 50,597 | 0 |
| TT Hellenic Postbank SA (C)(D) | 3,884 | 0 |
| Health care - 0.0% | ||
| Alapis Holding Industrial and Commercial SA of Pharmaceutical Chemical Products (C)(D) | 339 | 0 |
| Galapagos NV (D) | 329 | 11,057 |
| Pihlajalinna OYJ | 120 | 1,894 |
| Zenith Capital Corp. (D) | 993 | 99 |
| Industrials - 0.0% | ||
| Burwill Holdings, Ltd. (C)(D) | 227,875 | 0 |
| Carillion PLC (C)(D) | 21,413 | 0 |
| CW Group Holdings, Ltd. (C)(D) | 25,299 | 0 |
| Gold-Finance Holdings, Ltd. (C)(D) | 40,103 | 0 |
| Hsin Chong Group Holdings, Ltd. (C)(D) | 137,924 | 0 |
| Information technology - 0.0% | ||
| China Solar Energy Holdings, Ltd. (C)(D) | 23,799 | 0 |
| DMX Technologies Group, Ltd. (C)(D) | 6,372 | 0 |
| MH Development, Ltd. (C)(D) | 23,237 | 0 |
| Materials - 0.0% | ||
| AVZ Minerals, Ltd. (C)(D) | 60,507 | 5,038 |
| Danakali, Ltd. (D) | 3,190 | 106 |
| EcoGreen International Group, Ltd. (C)(D) | 14,242 | 0 |
| Firefinch, Ltd. (C)(D) | 7,638 | 163 |
| Fraser Papers Holdings, Inc. (C)(D) | 900 | 0 |
| Hanfeng Evergreen, Inc. (C)(D) | 693 | 0 |
| Midas Holdings, Ltd. (C)(D) | 46,662 | 0 |
| Orbite Technologies, Inc. (C)(D) | 19,770 | 0 |
| Ten Sixty Four, Ltd. (C)(D) | 14,581 | 887 |
| Up Energy Development Group, Ltd. (C)(D) | 168,283 | 0 |
| Victoria Gold Corp. (C)(D) | 62 | 10 |
| Wiluna Mining Corp., Ltd. (C)(D) | 1,875 | 0 |
| Real estate - 0.0% | ||
| Lerthai Group, Ltd. (C)(D) | 3,373 | 0 |
| Utilities - 0.0% | ||
| Hyflux, Ltd. (C)(D) | 10,382 | 0 |
| TOTAL COMMON STOCKS (Cost $160,272) | $157,237 | |
| U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 4.8% | ||
| U.S. Government - 4.8% | ||
| U.S. Treasury Inflation Protected Security, 0.125%, 04/15/2027 | $14,853,922 | 14,729,680 |
| U.S. Treasury Inflation Protected Security, 1.250%, 04/15/2028 | 92,698,987 | 93,268,254 |
| U.S. Treasury Inflation Protected Security, 1.625%, 04/15/2030 | 92,539,974 | 94,457,142 |
| U.S. Treasury Inflation Protected Security, 2.125%, 04/15/2029 | 87,387,303 | 90,325,962 |
| U.S. Treasury STRIPS, PO, 4.753%, 05/15/2055 | 44,429,900 | 11,223,635 |
| U.S. Treasury STRIPS, PO, 4.785%, 02/15/2054 | 82,860,500 | 22,001,080 |
MULTIMANAGER LIFESTYLE BALANCED PORTFOLIO (continued)
|
Shares or Principal Amount |
Value | |
| U.S. Government - (continued) | ||
| U.S. Treasury STRIPS, PO, 4.807%, 11/15/2052 | 69,068,300 | $19,346,014 |
| U.S. Treasury STRIPS, PO, 4.830%, 08/15/2051 | 52,263,800 | 15,455,286 |
|
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $361,189,904) |
$360,807,053 | |
| WARRANTS - 0.0% | ||
| APAC Resources, Ltd. (Expiration Date: 12-15-27; Strike Price: HKD 1.00) (D) | 9,077 | 2,970 |
| CSI Properties, Ltd. (Expiration Date: 4-7-27; Strike Price: HKD 0.22) (D) | 9,991 | 34 |
| SomaLogic, Inc. (Expiration Date: 8-31-26; Strike Price: $11.50) (D) | 786 | 28 |
| Webuild SpA (Expiration Date: 8-2-30) (D)(F) | 1,069 | 793 |
| TOTAL WARRANTS (Cost $1,102) | $3,825 | |
| RIGHTS - 0.0% | ||
| Intercell AG (C)(D)(F) | 1,630 | 0 |
| TOTAL RIGHTS (Cost $0) | $0 | |
| SHORT-TERM INVESTMENTS - 0.2% | ||
| Short-term funds - 0.2% | ||
| John Hancock Collateral Trust, 3.5447% (G)(H) | 1,126,247 | 11,265,848 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $11,265,852) | $11,265,848 | |
| Total investments (Cost $6,213,480,348) - 100.1% | $7,459,842,233 | |
| Other assets and liabilities, net - (0.1%) | (8,341,025) | |
| TOTAL NET ASSETS - 100.0% | $7,451,501,208 | |
MULTIMANAGER LIFESTYLE MODERATE PORTFOLIO
As of 2-28-26 (unaudited)
|
Shares or Principal Amount |
Value | |
| AFFILIATED INVESTMENT COMPANIES (A) - 93.4% | ||
| Equity - 41.1% | ||
| Blue Chip Growth, Class NAV, JHF II (T. Rowe Price) | 1,277,771 | $78,851,226 |
| Capital Appreciation Value, Class NAV, JHF II (T. Rowe Price) | 8,514,592 | 73,651,219 |
| Disciplined Value, Class NAV, JHF III (Boston Partners) | 3,685,314 | 98,471,594 |
| Disciplined Value International, Class NAV, JHIT (Boston Partners) | 4,338,375 | 81,518,058 |
| Emerging Markets Equity, Class NAV, JHIT (MIM US) (B) | 2,062,443 | 25,512,417 |
| Fundamental Large Cap Core, Class NAV, JHIT (MIM US) (B) | 704,706 | 48,991,164 |
| Global Equity, Class NAV, JHF II (MIM US) (B) | 3,187,248 | 43,952,155 |
| International Dynamic Growth, Class NAV, JHIT (Axiom) | 3,616,201 | 65,417,078 |
| International Strategic Equity Allocation, Class NAV, JHF II (MIM US) (B) | 6,717,545 | 92,567,764 |
| Mid Cap Growth, Class NAV, JHIT (Wellington) | 2,322,905 | 42,346,554 |
| Mid Value, Class NAV, JHF II (T. Rowe Price) | 3,255,673 | 52,318,660 |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS | 6 |
Table of Contents
MULTIMANAGER LIFESTYLE MODERATE PORTFOLIO (continued)
|
Shares or Principal Amount |
Value | |
| Equity - (continued) | ||
| Multifactor Emerging Markets ETF, JHETF (DFA) | 488,901 | $18,504,903 |
| Small Cap Core, Class NAV, JHIT (MIM US) (B) | 1,520,940 | 26,479,564 |
| U.S. Sector Rotation, Class NAV, JHF II (MIM US) (B) | 7,153,501 | 96,929,928 |
| Fixed income - 48.6% | ||
| Bond, Class NAV, JHSB (MIM US) (B) | 18,672,567 | 259,175,234 |
| Core Bond, Class NAV, JHF II (Allspring Investments) | 18,951,473 | 212,635,529 |
| Emerging Markets Debt, Class NAV, JHF II (MIM US) (B) | 12,411,968 | 102,771,099 |
| Floating Rate Income, Class NAV, JHF II (Bain Capital) | 11,952,463 | 87,611,554 |
| High Yield, Class NAV, JHBT (MIM US) (B) | 26,607,122 | 81,151,723 |
| Short Duration Bond, Class NAV, JHBT (MIM US) (B) | 12,077,245 | 113,767,643 |
| Strategic Income Opportunities, Class NAV, JHF II (MIM US) (B) | 13,518,402 | 141,402,485 |
| Alternative and specialty - 3.7% | ||
| Diversified Macro, Class NAV, JHIT (Graham) | 1,584,603 | 14,182,200 |
| Diversified Real Assets, Class NAV, JHIT (MIM US/Wellington) (B) | 2,190,386 | 30,906,347 |
| Multi-Asset High Income, Class NAV, JHF II (MIM US) (B) | 2,948,905 | 30,934,008 |
|
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost $1,720,714,670) |
$1,920,050,106 | |
| COMMON STOCKS - 0.0% | ||
| Communication services - 0.0% | ||
| KAB Distribution, Inc. (C)(D) | 744 | 0 |
| Consumer discretionary - 0.0% | ||
| 3D-Gold Jewellery Holdings, Ltd. (C)(D) | 12,538 | 0 |
| EganaGoldpfeil Holdings, Ltd. (C)(D) | 5,329 | 0 |
| Genting Hong Kong, Ltd. (C)(D) | 22,245 | 0 |
| Peace Mark Holdings, Ltd. (C)(D) | 7,280 | 0 |
| Consumer staples - 0.0% | ||
| Pacific Andes International Holdings, Ltd. (C)(D) | 87,821 | 0 |
| Energy - 0.0% | ||
| Birch Mountain Resources, Ltd. (C)(D) | 453 | 0 |
| Brightoil Petroleum Holdings, Ltd. (C)(D) | 22,771 | 0 |
| Ezion Holdings, Ltd. (C)(D) | 45,543 | 0 |
| Ezra Holdings, Ltd. (C)(D) | 17,756 | 0 |
| John Wood Group PLC (D) | 1,237 | 435 |
| Lightstream Resources, Ltd. (C)(D) | 3,073 | 0 |
| Manitok Energy, Inc. (C)(D) | 7 | 0 |
| Paladin Energy, Ltd. (D) | 419 | 3,950 |
| Peninsula Energy, Ltd. (D) | 457 | 244 |
| Sakari Resources, Ltd. (C)(D)(E) | 50,910 | 19,324 |
| Savannah Energy PLC (D) | 2,161 | 286 |
| Swiber Holdings, Ltd. (C)(D) | 5,187 | 0 |
MULTIMANAGER LIFESTYLE MODERATE PORTFOLIO (continued)
|
Shares or Principal Amount |
Value | |
| Financials - 0.0% | ||
| Caja de Ahorros del Mediterraneo (C)(D) | 68 | $0 |
| Convoy Global Holdings, Ltd. (C)(D) | 25,481 | 0 |
| Good Resources Holdings, Ltd. (C)(D) | 10,920 | 0 |
| TT Hellenic Postbank SA (C)(D) | 838 | 0 |
| Health care - 0.0% | ||
| Alapis Holding Industrial and Commercial SA of Pharmaceutical Chemical Products (C)(D) | 73 | 0 |
| Galapagos NV (D) | 71 | 2,386 |
| Pihlajalinna OYJ | 26 | 410 |
| Zenith Capital Corp. (D) | 214 | 21 |
| Industrials - 0.0% | ||
| Burwill Holdings, Ltd. (C)(D) | 49,183 | 0 |
| Carillion PLC (C)(D) | 4,622 | 0 |
| CW Group Holdings, Ltd. (C)(D) | 5,460 | 0 |
| Gold-Finance Holdings, Ltd. (C)(D) | 8,655 | 0 |
| Hsin Chong Group Holdings, Ltd. (C)(D) | 29,768 | 0 |
| Information technology - 0.0% | ||
| China Solar Energy Holdings, Ltd. (C)(D) | 5,137 | 0 |
| DMX Technologies Group, Ltd. (C)(D) | 1,375 | 0 |
| MH Development, Ltd. (C)(D) | 5,015 | 0 |
| Materials - 0.0% | ||
| AVZ Minerals, Ltd. (C)(D) | 13,059 | 1,087 |
| Danakali, Ltd. (D) | 689 | 23 |
| EcoGreen International Group, Ltd. (C)(D) | 3,074 | 0 |
| Firefinch, Ltd. (C)(D) | 1,648 | 35 |
| Fraser Papers Holdings, Inc. (C)(D) | 194 | 0 |
| Hanfeng Evergreen, Inc. (C)(D) | 150 | 0 |
| Midas Holdings, Ltd. (C)(D) | 10,071 | 0 |
| Orbite Technologies, Inc. (C)(D) | 4,267 | 0 |
| Ten Sixty Four, Ltd. (C)(D) | 3,147 | 191 |
| Up Energy Development Group, Ltd. (C)(D) | 36,321 | 0 |
| Victoria Gold Corp. (C)(D) | 13 | 2 |
| Wiluna Mining Corp., Ltd. (C)(D) | 405 | 0 |
| Real estate - 0.0% | ||
| Lerthai Group, Ltd. (C)(D) | 728 | 0 |
| Utilities - 0.0% | ||
| Hyflux, Ltd. (C)(D) | 2,241 | 0 |
| TOTAL COMMON STOCKS (Cost $28,381) | $28,394 | |
| U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 6.6% | ||
| U.S. Government - 6.6% | ||
| U.S. Treasury Inflation Protected Security, 0.125%, 04/15/2027 | $6,168,131 | 6,116,539 |
| U.S. Treasury Inflation Protected Security, 1.250%, 04/15/2028 | 39,066,395 | 39,306,303 |
| U.S. Treasury Inflation Protected Security, 1.625%, 04/15/2030 | 38,417,721 | 39,213,628 |
| U.S. Treasury Inflation Protected Security, 2.125%, 04/15/2029 | 36,827,628 | 38,066,067 |
| U.S. Treasury STRIPS, PO, 4.753%, 05/15/2055 | 8,305,600 | 2,098,115 |
| U.S. Treasury STRIPS, PO, 4.785%, 02/15/2054 | 15,560,000 | 4,131,484 |
| 7 | JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS | | SEE NOTES TO FINANCIAL STATEMENTS |
Table of Contents
MULTIMANAGER LIFESTYLE MODERATE PORTFOLIO (continued)
|
Shares or Principal Amount |
Value | |
| U.S. Government - (continued) | ||
| U.S. Treasury STRIPS, PO, 4.807%, 11/15/2052 | 12,969,900 | $3,632,866 |
| U.S. Treasury STRIPS, PO, 4.830%, 08/15/2051 | 9,770,600 | 2,889,331 |
|
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $134,240,836) |
$135,454,333 | |
| WARRANTS - 0.0% | ||
| APAC Resources, Ltd. (Expiration Date: 12-15-27; Strike Price: HKD 1.00) (D) | 1,959 | 641 |
| CSI Properties, Ltd. (Expiration Date: 4-7-27; Strike Price: HKD 0.22) (D) | 2,156 | 7 |
| Webuild SpA (Expiration Date: 8-2-30) (D)(F) | 231 | 171 |
| TOTAL WARRANTS (Cost $224) | $819 | |
| RIGHTS - 0.0% | ||
| Intercell AG (C)(D)(F) | 352 | 0 |
| TOTAL RIGHTS (Cost $0) | $0 | |
| SHORT-TERM INVESTMENTS - 0.1% | ||
| Short-term funds - 0.1% | ||
| John Hancock Collateral Trust, 3.5447% (G)(H) | 312,211 | 3,123,050 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $3,123,050) | $3,123,050 | |
| Total investments (Cost $1,858,107,161) - 100.1% | $2,058,656,702 | |
| Other assets and liabilities, net - (0.1%) | (2,194,851) | |
| TOTAL NET ASSETS - 100.0% | $2,056,461,851 | |
MULTIMANAGER LIFESTYLE CONSERVATIVE PORTFOLIO
As of 2-28-26 (unaudited)
|
Shares or Principal Amount |
Value | |
| AFFILIATED INVESTMENT COMPANIES (A) - 90.0% | ||
| Equity - 21.6% | ||
| Blue Chip Growth, Class NAV, JHF II (T. Rowe Price) | 300,861 | $18,566,144 |
| Capital Appreciation Value, Class NAV, JHF II (T. Rowe Price) | 3,718,754 | 32,167,222 |
| Disciplined Value, Class NAV, JHF III (Boston Partners) | 926,900 | 24,766,768 |
| Disciplined Value International, Class NAV, JHIT (Boston Partners) | 1,190,405 | 22,367,716 |
| Emerging Markets Equity, Class NAV, JHIT (MIM US) (B) | 518,745 | 6,416,881 |
| Fundamental Large Cap Core, Class NAV, JHIT (MIM US) (B) | 323,904 | 22,517,797 |
| Global Equity, Class NAV, JHF II (MIM US) (B) | 1,339,593 | 18,472,991 |
| International Dynamic Growth, Class NAV, JHIT (Axiom) | 938,077 | 16,969,813 |
| International Strategic Equity Allocation, Class NAV, JHF II (MIM US) (B) | 4,647,464 | 64,042,054 |
| Mid Cap Growth, Class NAV, JHIT (Wellington) | 889,358 | 16,212,992 |
| Mid Value, Class NAV, JHF II (T. Rowe Price) | 1,225,820 | 19,698,920 |
| Small Cap Core, Class NAV, JHIT (MIM US) (B) | 821,659 | 14,305,077 |
| U.S. Sector Rotation, Class NAV, JHF II (MIM US) (B) | 4,122,261 | 55,856,639 |
MULTIMANAGER LIFESTYLE CONSERVATIVE PORTFOLIO (continued)
|
Shares or Principal Amount |
Value | |
| Fixed income - 66.4% | ||
| Bond, Class NAV, JHSB (MIM US) (B) | 19,641,709 | $272,626,925 |
| Core Bond, Class NAV, JHF II (Allspring Investments) | 20,630,139 | 231,470,157 |
| Emerging Markets Debt, Class NAV, JHF II (MIM US) (B) | 12,063,877 | 99,888,896 |
| Floating Rate Income, Class NAV, JHF II (Bain Capital) | 11,872,616 | 87,026,272 |
| High Yield, Class NAV, JHBT (MIM US) (B) | 26,976,770 | 82,279,150 |
| Short Duration Bond, Class NAV, JHBT (MIM US) (B) | 12,575,209 | 118,458,466 |
| Strategic Income Opportunities, Class NAV, JHF II (MIM US) (B) | 12,408,189 | 129,789,653 |
| Alternative and specialty - 2.0% | ||
| Multi-Asset High Income, Class NAV, JHF II (MIM US) (B) | 2,923,515 | 30,667,677 |
|
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost $1,339,888,301) |
$1,384,568,210 | |
| U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 9.9% | ||
| U.S. Government - 9.9% | ||
| U.S. Treasury Inflation Protected Security, 0.125%, 04/15/2027 | $7,633,323 | 7,569,476 |
| U.S. Treasury Inflation Protected Security, 1.250%, 04/15/2028 | 48,693,356 | 48,992,383 |
| U.S. Treasury Inflation Protected Security, 1.625%, 04/15/2030 | 47,547,972 | 48,533,031 |
| U.S. Treasury Inflation Protected Security, 2.125%, 04/15/2029 | 45,903,156 | 47,446,787 |
|
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $149,612,516) |
$152,541,677 | |
| SHORT-TERM INVESTMENTS - 0.0% | ||
| Short-term funds - 0.0% | ||
| John Hancock Collateral Trust, 3.5447% (G)(H) | 2,908 | 29,088 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $29,087) | $29,088 | |
| Total investments (Cost $1,489,529,904) - 99.9% | $1,537,138,975 | |
| Other assets and liabilities, net - 0.1% | 914,582 | |
| TOTAL NET ASSETS - 100.0% | $1,538,053,557 | |
Percentages are based upon net assets.
Currency Abbreviations
| HKD | Hong Kong Dollar |
Security Abbreviations and Legend
| JHBT | John Hancock Bond Trust |
| JHETF | John Hancock Exchange-Traded Fund Trust |
| JHF II | John Hancock Funds II |
| JHF III | John Hancock Funds III |
| JHIT | John Hancock Investment Trust |
| JHSB | John Hancock Sovereign Bond Fund |
| PO | Principal-Only Security - (Principal Tranche of Stripped Security). Rate shown is the annualized yield on date of purchase. |
| STRIPS | Separate Trading of Registered Interest and Principal Securities |
| (A) | The underlying funds' subadvisor is shown parenthetically. |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS | 8 |
Table of Contents
| (B) | The subadvisor is an affiliate of the advisor. |
| (C) | Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. Refer to Note 2 to the financial statements. |
| (D) | Non-income producing. |
| (E) | Restricted security as to resale. |
| (F) | Strike price and/or expiration date not available. |
| (G) | The rate shown is the annualized seven-day yield as of 2-28-26. |
| (H) | Investment is an affiliate of the fund, the advisor and/or subadvisor. |
| 9 | JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS | | SEE NOTES TO FINANCIAL STATEMENTS |
Table of Contents
Financial statements
STATEMENTS OF ASSETS AND LIABILITIES 2-28-26 (unaudited)
| Multimanager Lifestyle Aggressive Portfolio | Multimanager Lifestyle Growth Portfolio | Multimanager Lifestyle Balanced Portfolio | Multimanager Lifestyle Moderate Portfolio | Multimanager Lifestyle Conservative Portfolio | |
| Assets | |||||
| Unaffiliated investments, at value | $20,264,958 | $225,407,487 | $360,968,115 | $135,483,546 | $152,541,677 |
| Affiliated investments, at value | 3,364,109,721 | 8,512,128,939 | 7,098,874,118 | 1,923,173,156 | 1,384,597,298 |
| Total investments, at value | 3,384,374,679 | 8,737,536,426 | 7,459,842,233 | 2,058,656,702 | 1,537,138,975 |
| Dividends and interest receivable | 670,382 | 6,907,905 | 10,317,424 | 4,016,413 | 4,124,265 |
| Receivable for fund shares sold | 229,891 | 645,687 | 3,310,233 | 401,711 | 232,190 |
| Receivable for investments sold | 1,881,895 | 2,818,515 | - | 227,874 | 287,162 |
| Other assets | 245,381 | 536,518 | 482,921 | 189,120 | 163,261 |
| Total assets | 3,387,402,228 | 8,748,445,051 | 7,473,952,811 | 2,063,491,820 | 1,541,945,853 |
| Liabilities | |||||
| Due to custodian | 35,630 | 100,444 | 93,873 | 31,445 | 28,005 |
| Payable for investments purchased | 259,048 | 4,850,393 | 20,965,647 | 6,275,441 | 3,203,471 |
| Payable for fund shares repurchased | 2,056,323 | 3,294,997 | 870,871 | 526,834 | 492,255 |
| Payable to affiliates | |||||
| Accounting and legal services fees | 96,932 | 251,279 | 214,368 | 59,554 | 44,670 |
| Transfer agent fees | 56,691 | 173,468 | 152,326 | 55,165 | 48,399 |
| Distribution and service fees | 2,990 | 5,865 | 3,363 | 1,624 | 966 |
| Trustees' fees | 8,000 | 21,171 | 19,023 | 5,690 | 4,381 |
| Other liabilities and accrued expenses | 83,290 | 140,112 | 132,132 | 74,216 | 70,149 |
| Total liabilities | 2,598,904 | 8,837,729 | 22,451,603 | 7,029,969 | 3,892,296 |
| Net assets | $3,384,803,324 | $8,739,607,322 | $7,451,501,208 | $2,056,461,851 | $1,538,053,557 |
| Net assets consist of | |||||
| Paid-in capital | $2,275,672,999 | $6,355,822,515 | $6,018,033,365 | $1,844,677,787 | $1,548,148,306 |
| Total distributable earnings (loss) | 1,109,130,325 | 2,383,784,807 | 1,433,467,843 | 211,784,064 | (10,094,749) |
| Net assets | $3,384,803,324 | $8,739,607,322 | $7,451,501,208 | $2,056,461,851 | $1,538,053,557 |
| Unaffiliated investments, at cost | $21,773,668 | $226,148,661 | $361,351,278 | $134,269,441 | $149,612,516 |
| Affiliated investments, at cost | 2,443,883,073 | 6,503,872,048 | 5,852,129,070 | 1,723,837,720 | 1,339,917,388 |
| Total investments, at cost | 2,465,656,741 | 6,730,020,709 | 6,213,480,348 | 1,858,107,161 | 1,489,529,904 |
| Net asset value per share | |||||
| The portfolios have an unlimited number of shares authorized with no par value. Net asset value is calculated by dividing the net assets of each class of shares by the number of outstanding shares in the class. | |||||
| Class A1 | |||||
| Net assets | $643,397,684 | $1,988,482,453 | $1,759,658,206 | $622,966,817 | $553,226,023 |
| Shares outstanding | 40,870,849 | 130,920,009 | 122,621,822 | 47,340,277 | 43,955,992 |
| Net asset value and redemption price per share | $15.74 | $15.19 | $14.35 | $13.16 | $12.59 |
| Class C1 | |||||
| Net assets | $28,573,815 | $69,863,212 | $40,037,100 | $16,928,530 | $13,240,201 |
| Shares outstanding | 1,813,586 | 4,606,559 | 2,796,102 | 1,278,914 | 1,053,118 |
| Net asset value, offering price and redemption price per share | $15.76 | $15.17 | $14.32 | $13.24 | $12.57 |
| Class I | |||||
| Net assets | $10,193,901 | $31,698,720 | $34,604,693 | $20,436,401 | $14,579,819 |
| Shares outstanding | 650,789 | 2,106,980 | 2,436,679 | 1,567,544 | 1,160,348 |
| Net asset value, offering price and redemption price per share | $15.66 | $15.04 | $14.20 | $13.04 | $12.57 |
| Class R2 | |||||
| Net assets | $12,585,959 | $25,107,502 | $13,210,439 | $6,348,209 | $3,779,507 |
| Shares outstanding | 811,288 | 1,677,370 | 930,177 | 484,719 | 300,987 |
| Net asset value, offering price and redemption price per share | $15.51 | $14.97 | $14.20 | $13.10 | $12.56 |
| Class R4 | |||||
| Net assets | $1,390,992 | $3,038,837 | $3,670,233 | $534,211 | $2,375,194 |
| Shares outstanding | 89,108 | 200,430 | 256,694 | 40,946 | 189,248 |
| Net asset value, offering price and redemption price per share | $15.61 | $15.16 | $14.30 | $13.05 | $12.55 |
| Class R5 | |||||
| Net assets | $4,146,854 | $6,384,203 | $10,376,821 | $5,943,330 | $1,574,369 |
| Shares outstanding | 264,324 | 418,966 | 723,356 | 455,346 | 125,366 |
| Net asset value, offering price and redemption price per share | $15.69 | $15.24 | $14.35 | $13.05 | $12.56 |
| Class R6 | |||||
| Net assets | $79,330,996 | $142,085,668 | $134,867,010 | $56,042,825 | $30,089,932 |
| Shares outstanding | 5,062,141 | 9,424,815 | 9,503,930 | 4,306,182 | 2,397,121 |
| Net asset value, offering price and redemption price per share | $15.67 | $15.08 | $14.19 | $13.01 | $12.55 |
| Class 1 | |||||
| Net assets | $2,605,183,123 | $6,021,746,244 | $5,280,927,378 | $1,271,484,938 | $919,188,512 |
| Shares outstanding | 166,832,261 | 399,465,872 | 372,253,152 | 97,435,415 | 73,207,492 |
| Net asset value, offering price and redemption price per share | $15.62 | $15.07 | $14.19 | $13.05 | $12.56 |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS | 10 |
Table of Contents
STATEMENTS OF ASSETS AND LIABILITIES 2-28-26 (unaudited)
Continued
| Multimanager Lifestyle Aggressive Portfolio | Multimanager Lifestyle Growth Portfolio | Multimanager Lifestyle Balanced Portfolio | Multimanager Lifestyle Moderate Portfolio | Multimanager Lifestyle Conservative Portfolio | |
| Class 5 | |||||
| Net assets | - | $451,200,483 | $174,149,328 | $55,776,590 | - |
| Shares outstanding | - | 30,008,681 | 12,264,721 | 4,285,120 | - |
| Net asset value, offering price and redemption price per share | - | $15.04 | $14.20 | $13.02 | - |
| Maximum offering price per share | |||||
| Class A (net asset value per share ÷ 95.5%)2 | $16.48 | $15.91 | $15.03 | $13.78 | $13.18 |
| 1 | Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
| 2 | On single retail sales of less than $50,000. On sales of $50,000 or more and on group sales the offering price is reduced. |
| 11 | JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS | | SEE NOTES TO FINANCIAL STATEMENTS |
Table of Contents
STATEMENTS OF OPERATIONS For the six months ended 2-28-26 (unaudited)
| Multimanager Lifestyle Aggressive Portfolio | Multimanager Lifestyle Growth Portfolio | Multimanager Lifestyle Balanced Portfolio | |
| Investment income | |||
| Dividends from affiliated investments | $41,301,184 | $120,337,348 | $117,968,433 |
| Interest | 474,554 | 3,571,234 | 5,617,965 |
| Dividends from unaffiliated investments | 4,977 | 5,560 | 3,894 |
| Total investment income | 41,780,715 | 123,914,142 | 123,590,292 |
| Expenses | |||
| Investment management fees | 4,141,075 | 10,874,075 | 9,149,563 |
| Distribution and service fees | 1,732,095 | 4,769,900 | 4,127,700 |
| Accounting and legal services fees | 308,421 | 807,061 | 693,829 |
| Transfer agent fees | 357,255 | 1,099,714 | 979,150 |
| Trustees' fees | 37,976 | 99,635 | 86,271 |
| Custodian fees | 16,043 | 17,092 | 17,638 |
| State registration fees | 51,042 | 53,607 | 55,794 |
| Printing and postage | 22,527 | 49,687 | 45,537 |
| Professional fees | 69,834 | 145,113 | 129,402 |
| Other | 51,267 | 119,513 | 107,748 |
| Total expenses | 6,787,535 | 18,035,397 | 15,392,632 |
| Less expense reductions | (2,955,579) | (6,949,107) | (5,040,964) |
| Net expenses | 3,831,956 | 11,086,290 | 10,351,668 |
| Net investment income | 37,948,759 | 112,827,852 | 113,238,624 |
| Realized and unrealized gain (loss) | |||
| Net realized gain (loss) on | |||
| Unaffiliated investments and foreign currency transactions | (763,425) | (2,204,118) | (3,553,579) |
| Affiliated investments | 65,242,144 | 158,595,409 | 111,095,228 |
| Capital gain distributions received from affiliated investments | 190,340,773 | 421,376,784 | 280,378,909 |
| 254,819,492 | 577,768,075 | 387,920,558 | |
| Change in net unrealized appreciation (depreciation) of | |||
| Unaffiliated investments and translation of assets and liabilities in foreign currencies | 2,259,176 | 5,689,952 | 7,813,956 |
| Affiliated investments | 79,384,318 | 186,299,057 | 110,115,962 |
| 81,643,494 | 191,989,009 | 117,929,918 | |
| Net realized and unrealized gain | 336,462,986 | 769,757,084 | 505,850,476 |
| Increase in net assets from operations | $374,411,745 | $882,584,936 | $619,089,100 |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS | 12 |
Table of Contents
STATEMENTS OF OPERATIONS For the six months ended 2-28-26 (unaudited)
Continued
| Multimanager Lifestyle Moderate Portfolio | Multimanager Lifestyle Conservative Portfolio | |
| Investment income | ||
| Dividends from affiliated investments | $37,865,481 | $31,855,648 |
| Interest | 2,001,274 | 2,134,017 |
| Dividends from unaffiliated investments | 667 | 215 |
| Total investment income | 39,867,422 | 33,989,880 |
| Expenses | ||
| Investment management fees | 2,542,598 | 1,974,103 |
| Distribution and service fees | 1,356,306 | 1,148,777 |
| Accounting and legal services fees | 195,094 | 146,914 |
| Transfer agent fees | 359,298 | 317,670 |
| Trustees' fees | 24,600 | 18,610 |
| Custodian fees | 16,855 | 16,184 |
| State registration fees | 51,952 | 52,738 |
| Printing and postage | 21,848 | 18,965 |
| Professional fees | 53,066 | 45,701 |
| Other | 38,912 | 31,276 |
| Total expenses | 4,660,529 | 3,770,938 |
| Less expense reductions | (1,203,326) | (733,567) |
| Net expenses | 3,457,203 | 3,037,371 |
| Net investment income | 36,410,219 | 30,952,509 |
| Realized and unrealized gain (loss) | ||
| Net realized gain (loss) on | ||
| Unaffiliated investments and foreign currency transactions | (604,292) | 127,714 |
| Affiliated investments | 17,378,229 | 2,740,740 |
| Capital gain distributions received from affiliated investments | 54,867,834 | 19,626,730 |
| 71,641,771 | 22,495,184 | |
| Change in net unrealized appreciation (depreciation) of | ||
| Unaffiliated investments and translation of assets and liabilities in foreign currencies | 1,201,568 | (590,158) |
| Affiliated investments | 27,102,878 | 19,111,748 |
| 28,304,446 | 18,521,590 | |
| Net realized and unrealized gain | 99,946,217 | 41,016,774 |
| Increase in net assets from operations | $136,356,436 | $71,969,283 |
| 13 | JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS | | SEE NOTES TO FINANCIAL STATEMENTS |
Table of Contents
STATEMENTS OF CHANGES IN NET ASSETS
| Multimanager Lifestyle Aggressive Portfolio | Multimanager Lifestyle Growth Portfolio | |||||
|
Six months ended 2-28-26 |
Period ended 8-31-251 |
Year ended 12-31-24 |
Six months ended 2-28-26 |
Period ended 8-31-251 |
Year ended 12-31-24 |
|
| Increase (decrease) in net assets | ||||||
| From operations | ||||||
| Net investment income (loss) | $37,948,759 | $42,880 | $35,882,729 | $112,827,852 | $38,718,549 | $145,833,723 |
| Net realized gain | 254,819,492 | 200,942,358 | 224,046,982 | 577,768,075 | 421,208,864 | 526,621,790 |
| Change in net unrealized appreciation (depreciation) | 81,643,494 | 130,935,667 | 156,688,117 | 191,989,009 | 363,125,173 | 308,564,490 |
| Increase in net assets resulting from operations | 374,411,745 | 331,920,905 | 416,617,828 | 882,584,936 | 823,052,586 | 981,020,003 |
| Distributions to shareholders | ||||||
| From earnings | ||||||
| Class A | (80,231,440) | - | (14,758,194) | (224,938,229) | - | (46,061,794) |
| Class C | (3,607,559) | - | (573,338) | (7,800,491) | - | (1,405,655) |
| Class I | (1,252,083) | - | (223,825) | (3,703,021) | - | (772,067) |
| Class R2 | (1,662,984) | - | (342,043) | (2,792,921) | - | (551,182) |
| Class R4 | (179,077) | - | (31,197) | (355,807) | - | (102,848) |
| Class R5 | (550,547) | - | (121,744) | (895,734) | - | (223,114) |
| Class R6 | (10,628,411) | - | (2,045,440) | (17,933,456) | - | (3,967,493) |
| Class 1 | (338,087,650) | - | (73,158,368) | (716,775,440) | - | (171,776,011) |
| Class 5 | - | - | - | (52,684,142) | - | (11,521,115) |
| Total distributions | (436,199,751) | - | (91,254,149) | (1,027,879,241) | - | (236,381,279) |
| Portfolio share transactions | ||||||
| From portfolio share transactions | 197,674,155 | (278,979,042) | (296,526,728) | 352,745,453 | (809,573,251) | (845,403,537) |
| Total increase (decrease) | 135,886,149 | 52,941,863 | 28,836,951 | 207,451,148 | 13,479,335 | (100,764,813) |
| Net assets | ||||||
| Beginning of period | 3,248,917,175 | 3,195,975,312 | 3,167,138,361 | 8,532,156,174 | 8,518,676,839 | 8,619,441,652 |
| End of period | $3,384,803,324 | $3,248,917,175 | $3,195,975,312 | $8,739,607,322 | $8,532,156,174 | $8,518,676,839 |
| 1 | For the eight-month period ended 8-31-25. The portfolio changed its fiscal year end from December 31 to August 31. |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS | 14 |
Table of Contents
STATEMENTS OF CHANGES IN NET ASSETS
Continued
| Multimanager Lifestyle Balanced Portfolio | Multimanager Lifestyle Moderate Portfolio | |||||
|
Six months ended 2-28-26 |
Period ended 8-31-251 |
Year ended 12-31-24 |
Six months ended 2-28-26 |
Period ended 8-31-251 |
Year ended 12-31-24 |
|
| Increase (decrease) in net assets | ||||||
| From operations | ||||||
| Net investment income (loss) | $113,238,624 | $77,542,896 | $184,364,731 | $36,410,219 | $34,045,247 | $69,522,321 |
| Net realized gain | 387,920,558 | 276,409,907 | 336,721,135 | 71,641,771 | 46,570,165 | 48,638,715 |
| Change in net unrealized appreciation (depreciation) | 117,929,918 | 272,549,300 | 196,608,786 | 28,304,446 | 74,475,710 | 42,688,719 |
| Increase in net assets resulting from operations | 619,089,100 | 626,502,103 | 717,694,652 | 136,356,436 | 155,091,122 | 160,849,755 |
| Distributions to shareholders | ||||||
| From earnings | ||||||
| Class A | (155,899,804) | (10,756,983) | (43,531,764) | (33,674,228) | (6,733,880) | (19,968,144) |
| Class C | (3,530,722) | (130,246) | (904,068) | (890,821) | (149,384) | (587,494) |
| Class I | (3,024,441) | (224,622) | (784,261) | (1,204,036) | (232,637) | (653,014) |
| Class R2 | (1,151,213) | (93,963) | (447,284) | (345,042) | (75,649) | (232,287) |
| Class R4 | (331,939) | (25,381) | (131,641) | (28,490) | (5,852) | (27,426) |
| Class R5 | (903,076) | (59,712) | (303,490) | (685,020) | (147,507) | (405,113) |
| Class R6 | (13,369,864) | (1,222,904) | (4,047,353) | (2,893,881) | (640,724) | (1,386,977) |
| Class 1 | (485,574,908) | (42,992,337) | (158,519,880) | (72,367,630) | (16,777,393) | (48,579,811) |
| Class 5 | (15,752,953) | (1,359,417) | (4,714,451) | (3,125,386) | (703,512) | (1,927,507) |
| Total distributions | (679,538,920) | (56,865,565) | (213,384,192) | (115,214,534) | (25,466,538) | (73,767,773) |
| Portfolio share transactions | ||||||
| From portfolio share transactions | 123,987,437 | (685,914,405) | (810,270,613) | (59,281,930) | (175,080,518) | (228,856,302) |
| Total increase (decrease) | 63,537,617 | (116,277,867) | (305,960,153) | (38,140,028) | (45,455,934) | (141,774,320) |
| Net assets | ||||||
| Beginning of period | 7,387,963,591 | 7,504,241,458 | 7,810,201,611 | 2,094,601,879 | 2,140,057,813 | 2,281,832,133 |
| End of period | $7,451,501,208 | $7,387,963,591 | $7,504,241,458 | $2,056,461,851 | $2,094,601,879 | $2,140,057,813 |
| 1 | For the eight-month period ended 8-31-25. The portfolio changed its fiscal year end from December 31 to August 31. |
| 15 | JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS | | SEE NOTES TO FINANCIAL STATEMENTS |
Table of Contents
STATEMENTS OF CHANGES IN NET ASSETS
Continued
| Multimanager Lifestyle Conservative Portfolio | |||
|
Six months ended 2-28-26 |
Period ended 8-31-251 |
Year ended 12-31-24 |
|
| Increase (decrease) in net assets | |||
| From operations | |||
| Net investment income (loss) | $30,952,509 | $35,909,642 | $64,684,199 |
| Net realized gain (loss) | 22,495,184 | 17,629,949 | (6,975,858) |
| Change in net unrealized appreciation (depreciation) | 18,521,590 | 46,574,574 | 39,684,427 |
| Increase in net assets resulting from operations | 71,969,283 | 100,114,165 | 97,392,768 |
| Distributions to shareholders | |||
| From earnings | |||
| Class A | (12,312,249) | (9,058,836) | (22,670,233) |
| Class C | (259,119) | (186,318) | (543,121) |
| Class I | (345,811) | (186,076) | (443,138) |
| Class R2 | (106,380) | (78,642) | (208,349) |
| Class R4 | (54,405) | (30,683) | (75,564) |
| Class R5 | (34,117) | (20,370) | (56,236) |
| Class R6 | (724,046) | (519,132) | (1,098,298) |
| Class 1 | (22,514,447) | (16,863,406) | (41,123,493) |
| Total distributions | (36,350,574) | (26,943,463) | (66,218,432) |
| Portfolio share transactions | |||
| From portfolio share transactions | (82,576,249) | (102,569,774) | (174,092,146) |
| Total decrease | (46,957,540) | (29,399,072) | (142,917,810) |
| Net assets | |||
| Beginning of period | 1,585,011,097 | 1,614,410,169 | 1,757,327,979 |
| End of period | $1,538,053,557 | $1,585,011,097 | $1,614,410,169 |
| 1 | For the eight-month period ended 8-31-25. The portfolio changed its fiscal year end from December 31 to August 31. |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS | 16 |
Table of Contents
Financial highlights
Multimanager Lifestyle Aggressive Portfolio
| Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||||||||
| Income (loss) from investment operations | Less distributions | Ratios to average net assets | ||||||||||||||||||
| Period ended |
Net asset value, beginning of period ($) |
Net investment income (loss) ($)1, 2 |
Net realized and unrealized gain (loss) on investments ($) |
Total from investment operations ($) |
From net investment income ($) |
From net realized gain ($)3 |
Total distributions ($) |
Net asset value, end of period ($) |
Total return (%)4, 5 |
Expenses before reductions (%)6 |
Expenses including reductions (%)6 |
Net investment income (loss) (%)2 |
Net assets, end of period (in millions) |
Portfolio turnover (%) |
||||||
| Multimanager Lifestyle Aggressive Portfolio | ||||||||||||||||||||
| Class A | ||||||||||||||||||||
| 02-28-20267 | 16.17 | 0.16 | 1.63 | 1.79 | (0.16) | (2.06) | (2.22) | 15.74 | 11.80 | 0.708 | 0.528 | 0.858 | 643 | 9 | ||||||
| 08-31-20259 | 14.59 | (0.03) | 1.61 | 1.58 | - | - | - | 16.17 | 10.8310 | 0.708 | 0.528 | (0.28)8 | 601 | 29 | ||||||
| 12-31-2024 | 13.20 | 0.12 | 1.65 | 1.77 | (0.12) | (0.26) | (0.38) | 14.59 | 13.44 | 0.68 | 0.52 | 0.83 | 574 | 13 | ||||||
| 12-31-2023 | 11.90 | 0.13 | 1.93 | 2.06 | (0.13) | (0.63) | (0.76) | 13.20 | 17.32 | 0.69 | 0.52 | 1.01 | 557 | 12 | ||||||
| 12-31-2022 | 16.99 | 0.09 | (3.32) | (3.23) | (0.10) | (1.76) | (1.86) | 11.90 | (18.89) | 0.67 | 0.51 | 0.65 | 515 | 10 | ||||||
| 12-31-2021 | 16.16 | 0.11 | 2.53 | 2.64 | (0.12) | (1.69) | (1.81) | 16.99 | 16.33 | 0.64 | 0.50 | 0.63 | 671 | 21 | ||||||
| 12-31-2020 | 14.39 | 0.09 | 2.61 | 2.70 | (0.10) | (0.83) | (0.93) | 16.16 | 18.84 | 0.65 | 0.50 | 0.66 | 599 | 11 | ||||||
| Class C | ||||||||||||||||||||
| 02-28-20267 | 16.13 | 0.11 | 1.63 | 1.74 | (0.05) | (2.06) | (2.11) | 15.76 | 11.49 | 1.408 | 1.228 | 0.178 | 29 | 9 | ||||||
| 08-31-20259 | 14.62 | (0.10) | 1.61 | 1.51 | - | - | - | 16.13 | 10.3310 | 1.408 | 1.228 | (0.99)8 | 29 | 29 | ||||||
| 12-31-2024 | 13.24 | 0.01 | 1.65 | 1.66 | (0.02) | (0.26) | (0.28) | 14.62 | 12.56 | 1.38 | 1.22 | 0.07 | 30 | 13 | ||||||
| 12-31-2023 | 11.94 | 0.03 | 1.94 | 1.97 | (0.04) | (0.63) | (0.67) | 13.24 | 16.52 | 1.39 | 1.23 | 0.20 | 34 | 12 | ||||||
| 12-31-2022 | 17.03 | (0.02) | (3.32) | (3.34) | - | (1.75) | (1.75) | 11.94 | (19.47) | 1.37 | 1.22 | (0.15) | 37 | 10 | ||||||
| 12-31-2021 | 16.20 | (0.03) | 2.54 | 2.51 | - | (1.68) | (1.68) | 17.03 | 15.51 | 1.34 | 1.20 | (0.16) | 57 | 21 | ||||||
| 12-31-2020 | 14.44 | (0.04) | 2.64 | 2.60 | (0.01) | (0.83) | (0.84) | 16.20 | 18.05 | 1.35 | 1.21 | (0.32) | 65 | 11 | ||||||
| Class I | ||||||||||||||||||||
| 02-28-20267 | 16.12 | 0.19 | 1.62 | 1.81 | (0.21) | (2.06) | (2.27) | 15.66 | 11.96 | 0.408 | 0.228 | 1.188 | 10 | 9 | ||||||
| 08-31-20259 | 14.51 | -11 | 1.61 | 1.61 | - | - | - | 16.12 | 11.1010 | 0.408 | 0.228 | 0.028 | 8 | 29 | ||||||
| 12-31-2024 | 13.14 | 0.16 | 1.64 | 1.80 | (0.17) | (0.26) | (0.43) | 14.51 | 13.67 | 0.38 | 0.22 | 1.11 | 8 | 13 | ||||||
| 12-31-2023 | 11.84 | 0.15 | 1.95 | 2.10 | (0.17) | (0.63) | (0.80) | 13.14 | 17.74 | 0.39 | 0.22 | 1.17 | 8 | 12 | ||||||
| 12-31-2022 | 16.92 | 0.14 | (3.32) | (3.18) | (0.14) | (1.76) | (1.90) | 11.84 | (18.65) | 0.37 | 0.21 | 0.94 | 8 | 10 | ||||||
| 12-31-2021 | 16.10 | 0.18 | 2.50 | 2.68 | (0.17) | (1.69) | (1.86) | 16.92 | 16.66 | 0.34 | 0.20 | 1.02 | 11 | 21 | ||||||
| 12-31-2020 | 14.33 | 0.10 | 2.64 | 2.74 | (0.14) | (0.83) | (0.97) | 16.10 | 19.20 | 0.35 | 0.20 | 0.69 | 8 | 11 | ||||||
| Class R2 | ||||||||||||||||||||
| 02-28-20267 | 15.96 | 0.15 | 1.61 | 1.76 | (0.15) | (2.06) | (2.21) | 15.51 | 11.73 | 0.798 | 0.618 | 0.758 | 13 | 9 | ||||||
| 08-31-20259 | 14.41 | (0.04) | 1.59 | 1.55 | - | - | - | 15.96 | 10.7610 | 0.798 | 0.628 | (0.38)8 | 13 | 29 | ||||||
| 12-31-2024 | 13.04 | 0.10 | 1.64 | 1.74 | (0.11) | (0.26) | (0.37) | 14.41 | 13.35 | 0.77 | 0.61 | 0.74 | 14 | 13 | ||||||
| 12-31-2023 | 11.77 | 0.11 | 1.91 | 2.02 | (0.12) | (0.63) | (0.75) | 13.04 | 17.16 | 0.77 | 0.61 | 0.88 | 13 | 12 | ||||||
| 12-31-2022 | 16.82 | 0.08 | (3.29) | (3.21) | (0.08) | (1.76) | (1.84) | 11.77 | (18.93) | 0.77 | 0.62 | 0.56 | 12 | 10 | ||||||
| 12-31-2021 | 16.02 | 0.11 | 2.49 | 2.60 | (0.11) | (1.69) | (1.80) | 16.82 | 16.19 | 0.72 | 0.58 | 0.62 | 15 | 21 | ||||||
| 12-31-2020 | 14.27 | 0.21 | 2.46 | 2.67 | (0.09) | (0.83) | (0.92) | 16.02 | 18.77 | 0.73 | 0.59 | 1.47 | 12 | 11 | ||||||
| Class R4 | ||||||||||||||||||||
| 02-28-20267 | 16.06 | 0.17 | 1.63 | 1.80 | (0.19) | (2.06) | (2.25) | 15.61 | 11.93 | 0.648 | 0.368 | 0.988 | 1 | 9 | ||||||
| 08-31-20259 | 14.48 | (0.01) | 1.59 | 1.58 | - | - | - | 16.06 | 10.9110 | 0.638 | 0.368 | (0.12)8 | 1 | 29 | ||||||
| 12-31-2024 | 13.10 | 0.13 | 1.66 | 1.79 | (0.15) | (0.26) | (0.41) | 14.48 | 13.64 | 0.62 | 0.36 | 0.89 | 1 | 13 | ||||||
| 12-31-2023 | 11.81 | 0.10 | 1.97 | 2.07 | (0.15) | (0.63) | (0.78) | 13.10 | 17.54 | 0.63 | 0.37 | 0.78 | 1 | 12 | ||||||
| 12-31-2022 | 16.89 | 0.12 | (3.32) | (3.20) | (0.12) | (1.76) | (1.88) | 11.81 | (18.82) | 0.62 | 0.36 | 0.85 | 3 | 10 | ||||||
| 12-31-2021 | 16.07 | 0.14 | 2.52 | 2.66 | (0.15) | (1.69) | (1.84) | 16.89 | 16.53 | 0.59 | 0.35 | 0.79 | 3 | 21 | ||||||
| 12-31-2020 | 14.31 | 0.10 | 2.61 | 2.71 | (0.12) | (0.83) | (0.95) | 16.07 | 19.02 | 0.59 | 0.35 | 0.70 | 3 | 11 | ||||||
| Class R5 | ||||||||||||||||||||
| 02-28-20267 | 16.15 | 0.19 | 1.63 | 1.82 | (0.22) | (2.06) | (2.28) | 15.69 | 12.00 | 0.348 | 0.168 | 1.168 | 4 | 9 | ||||||
| 08-31-20259 | 14.53 | 0.01 | 1.61 | 1.62 | - | - | - | 16.15 | 11.1510 | 0.348 | 0.178 | 0.078 | 4 | 29 | ||||||
| 12-31-2024 | 13.15 | 0.17 | 1.65 | 1.82 | (0.18) | (0.26) | (0.44) | 14.53 | 13.80 | 0.32 | 0.16 | 1.19 | 4 | 13 | ||||||
| 12-31-2023 | 11.86 | 0.17 | 1.93 | 2.10 | (0.18) | (0.63) | (0.81) | 13.15 | 17.68 | 0.32 | 0.17 | 1.30 | 4 | 12 | ||||||
| 12-31-2022 | 16.94 | 0.17 | (3.34) | (3.17) | (0.15) | (1.76) | (1.91) | 11.86 | (18.59) | 0.32 | 0.16 | 1.21 | 3 | 10 | ||||||
| 12-31-2021 | 16.11 | 0.18 | 2.52 | 2.70 | (0.18) | (1.69) | (1.87) | 16.94 | 16.76 | 0.29 | 0.15 | 1.01 | 3 | 21 | ||||||
| 12-31-2020 | 14.33 | 0.14 | 2.62 | 2.76 | (0.15) | (0.83) | (0.98) | 16.11 | 19.31 | 0.29 | 0.15 | 0.97 | 3 | 11 | ||||||
| Class R6 | ||||||||||||||||||||
| 02-28-20267 | 16.13 | 0.20 | 1.62 | 1.82 | (0.22) | (2.06) | (2.28) | 15.67 | 12.06 | 0.298 | 0.118 | 1.308 | 79 | 9 | ||||||
| 08-31-20259 | 14.52 | 0.01 | 1.60 | 1.61 | - | - | - | 16.13 | 11.0910 | 0.298 | 0.128 | 0.128 | 74 | 29 | ||||||
| 12-31-2024 | 13.14 | 0.18 | 1.64 | 1.82 | (0.18) | (0.26) | (0.44) | 14.52 | 13.87 | 0.27 | 0.11 | 1.23 | 68 | 13 | ||||||
| 12-31-2023 | 11.84 | 0.20 | 1.92 | 2.12 | (0.19) | (0.63) | (0.82) | 13.14 | 17.84 | 0.27 | 0.11 | 1.59 | 71 | 12 | ||||||
| 12-31-2022 | 16.92 | 0.16 | (3.32) | (3.16) | (0.16) | (1.76) | (1.92) | 11.84 | (18.57) | 0.27 | 0.11 | 1.10 | 54 | 10 | ||||||
| 12-31-2021 | 16.10 | 0.19 | 2.51 | 2.70 | (0.19) | (1.69) | (1.88) | 16.92 | 16.77 | 0.24 | 0.10 | 1.08 | 60 | 21 | ||||||
| 12-31-2020 | 14.32 | 0.13 | 2.64 | 2.77 | (0.16) | (0.83) | (0.99) | 16.10 | 19.36 | 0.24 | 0.10 | 0.90 | 52 | 11 | ||||||
| 17 | JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS | | SEE NOTES TO FINANCIAL STATEMENTS |
Table of Contents
Multimanager Lifestyle Aggressive Portfolio (continued)
| Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||||||||
| Income (loss) from investment operations | Less distributions | Ratios to average net assets | ||||||||||||||||||
| Period ended |
Net asset value, beginning of period ($) |
Net investment income (loss) ($)1, 2 |
Net realized and unrealized gain (loss) on investments ($) |
Total from investment operations ($) |
From net investment income ($) |
From net realized gain ($)3 |
Total distributions ($) |
Net asset value, end of period ($) |
Total return (%)4, 5 |
Expenses before reductions (%)6 |
Expenses including reductions (%)6 |
Net investment income (loss) (%)2 |
Net assets, end of period (in millions) |
Portfolio turnover (%) |
||||||
| Class 1 | ||||||||||||||||||||
| 02-28-20267 | 16.08 | 0.19 | 1.63 | 1.82 | (0.22) | (2.06) | (2.28) | 15.62 | 12.06 | 0.348 | 0.168 | 1.208 | 2,605 | 9 | ||||||
| 08-31-20259 | 14.47 | 0.01 | 1.60 | 1.61 | - | - | - | 16.08 | 11.1310 | 0.348 | 0.168 | 0.088 | 2,518 | 29 | ||||||
| 12-31-2024 | 13.10 | 0.17 | 1.64 | 1.81 | (0.18) | (0.26) | (0.44) | 14.47 | 13.78 | 0.31 | 0.16 | 1.18 | 2,497 | 13 | ||||||
| 12-31-2023 | 11.81 | 0.17 | 1.93 | 2.10 | (0.18) | (0.63) | (0.81) | 13.10 | 17.76 | 0.32 | 0.16 | 1.36 | 2,480 | 12 | ||||||
| 12-31-2022 | 16.88 | 0.14 | (3.30) | (3.16) | (0.15) | (1.76) | (1.91) | 11.81 | (18.59) | 0.31 | 0.15 | 0.99 | 2,336 | 10 | ||||||
| 12-31-2021 | 16.07 | 0.17 | 2.52 | 2.69 | (0.19) | (1.69) | (1.88) | 16.88 | 16.70 | 0.28 | 0.14 | 0.95 | 3,178 | 21 | ||||||
| 12-31-2020 | 14.30 | 0.14 | 2.61 | 2.75 | (0.15) | (0.83) | (0.98) | 16.07 | 19.30 | 0.27 | 0.14 | 0.97 | 3,113 | 11 | ||||||
| 1 Based on average daily shares outstanding. |
| 2 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. |
| 3 Capital gain distributions may vary between classes due to expense differences applied to ordinary income distributions from underlying funds. |
| 4 Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 5 Does not reflect the effect of sales charges, if any. |
| 6 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. |
| 7 Six months ended 2-28-26. Unaudited. |
| 8 Annualized. |
| 9 For the eight-month period ended 8-31-25. The portfolio changed its fiscal year end from December 31 to August 31. |
| 10 Not annualized. |
| 11 Less than $0.005 per share. |
| SEE NOTES TO FINANCIAL STATEMENTS | | JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS | 18 |
Table of Contents
Financial highlights
Multimanager Lifestyle Growth Portfolio
| Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||||||||
| Income (loss) from investment operations | Less distributions | Ratios to average net assets | ||||||||||||||||||
| Period ended |
Net asset value, beginning of period ($) |
Net investment income (loss) ($)1, 2 |
Net realized and unrealized gain (loss) on investments ($) |
Total from investment operations ($) |
From net investment income ($) |
From net realized gain ($) |
Total distributions ($) |
Net asset value, end of period ($) |
Total return (%)3, 4 |
Expenses before reductions (%)5 |
Expenses including reductions (%)5 |
Net investment income (loss) (%)2 |
Net assets, end of period (in millions) |
Portfolio turnover (%) |
||||||
| Multimanager Lifestyle Growth Portfolio | ||||||||||||||||||||
| Class A | ||||||||||||||||||||
| 02-28-20266 | 15.54 | 0.18 | 1.38 | 1.56 | (0.23) | (1.68) | (1.91) | 15.19 | 10.66 | 0.697 | 0.537 | 1.347 | 1,988 | 8 | ||||||
| 08-31-20258 | 14.12 | 0.04 | 1.38 | 1.42 | - | - | - | 15.54 | 10.069 | 0.697 | 0.547 | 0.427 | 1,883 | 27 | ||||||
| 12-31-2024 | 12.98 | 0.20 | 1.30 | 1.50 | (0.21) | (0.15) | (0.36) | 14.12 | 11.56 | 0.68 | 0.54 | 1.40 | 1,843 | 13 | ||||||
| 12-31-2023 | 11.86 | 0.20 | 1.67 | 1.87 | (0.21) | (0.54) | (0.75) | 12.98 | 15.78 | 0.69 | 0.54 | 1.57 | 1,824 | 11 | ||||||
| 12-31-2022 | 16.44 | 0.17 | (3.09) | (2.92) | (0.18) | (1.48) | (1.66) | 11.86 | (17.63) | 0.67 | 0.53 | 1.23 | 1,702 | 12 | ||||||
| 12-31-2021 | 15.91 | 0.18 | 2.04 | 2.22 | (0.19) | (1.50) | (1.69) | 16.44 | 13.95 | 0.64 | 0.51 | 1.02 | 2,213 | 24 | ||||||
| 12-31-2020 | 14.40 | 0.15 | 2.32 | 2.47 | (0.15) | (0.81) | (0.96) | 15.91 | 17.17 | 0.63 | 0.51 | 1.02 | 1,992 | 13 | ||||||
| Class C | ||||||||||||||||||||
| 02-28-20266 | 15.48 | 0.13 | 1.37 | 1.50 | (0.13) | (1.68) | (1.81) | 15.17 | 10.23 | 1.397 | 1.237 | 0.627 | 70 | 8 | ||||||
| 08-31-20258 | 14.12 | (0.03) | 1.39 | 1.36 | - | - | - | 15.48 | 9.639 | 1.397 | 1.247 | (0.28)7 | 72 | 27 | ||||||
| 12-31-2024 | 12.98 | 0.09 | 1.31 | 1.40 | (0.11) | (0.15) | (0.26) | 14.12 | 10.81 | 1.38 | 1.24 | 0.63 | 77 | 13 | ||||||
| 12-31-2023 | 11.87 | 0.09 | 1.69 | 1.78 | (0.13) | (0.54) | (0.67) | 12.98 | 14.94 | 1.39 | 1.25 | 0.74 | 91 | 11 | ||||||
| 12-31-2022 | 16.44 | 0.06 | (3.07) | (3.01) | (0.08) | (1.48) | (1.56) | 11.87 | (18.20) | 1.37 | 1.23 | 0.41 | 109 | 12 | ||||||
| 12-31-2021 | 15.92 | 0.03 | 2.06 | 2.09 | (0.07) | (1.50) | (1.57) | 16.44 | 13.10 | 1.34 | 1.21 | 0.17 | 187 | 24 | ||||||
| 12-31-2020 | 14.43 | -10 | 2.35 | 2.35 | (0.05) | (0.81) | (0.86) | 15.92 | 16.33 | 1.34 | 1.22 | 0.02 | 245 | 13 | ||||||
| Class I | ||||||||||||||||||||
| 02-28-20266 | 15.43 | 0.21 | 1.36 | 1.57 | (0.28) | (1.68) | (1.96) | 15.04 | 10.77 | 0.397 | 0.237 | 1.667 | 32 | 8 | ||||||
| 08-31-20258 | 13.99 | 0.07 | 1.37 | 1.44 | - | - | - | 15.43 | 10.299 | 0.397 | 0.247 | 0.727 | 29 | 27 | ||||||
| 12-31-2024 | 12.86 | 0.23 | 1.30 | 1.53 | (0.25) | (0.15) | (0.40) | 13.99 | 11.92 | 0.38 | 0.24 | 1.69 | 27 | 13 | ||||||
| 12-31-2023 | 11.75 | 0.23 | 1.67 | 1.90 | (0.25) | (0.54) | (0.79) | 12.86 | 16.17 | 0.39 | 0.24 | 1.82 | 28 | 11 | ||||||
| 12-31-2022 | 16.31 | 0.21 | (3.06) | (2.85) | (0.23) | (1.48) | (1.71) | 11.75 | (17.39) | 0.37 | 0.23 | 1.48 | 29 | 12 | ||||||
| 12-31-2021 | 15.80 | 0.23 | 2.02 | 2.25 | (0.24) | (1.50) | (1.74) | 16.31 | 14.24 | 0.34 | 0.21 | 1.35 | 41 | 24 | ||||||
| 12-31-2020 | 14.30 | 0.18 | 2.32 | 2.50 | (0.19) | (0.81) | (1.00) | 15.80 | 17.50 | 0.33 | 0.21 | 1.29 | 35 | 13 | ||||||
| Class R2 | ||||||||||||||||||||
| 02-28-20266 | 15.34 | 0.18 | 1.35 | 1.53 | (0.22) | (1.68) | (1.90) | 14.97 | 10.56 | 0.797 | 0.627 | 1.267 | 25 | 8 | ||||||
| 08-31-20258 | 13.94 | 0.03 | 1.37 | 1.40 | - | - | - | 15.34 | 10.049 | 0.787 | 0.627 | 0.337 | 23 | 27 | ||||||
| 12-31-2024 | 12.82 | 0.17 | 1.30 | 1.47 | (0.20) | (0.15) | (0.35) | 13.94 | 11.46 | 0.76 | 0.63 | 1.20 | 23 | 13 | ||||||
| 12-31-2023 | 11.72 | 0.18 | 1.66 | 1.84 | (0.20) | (0.54) | (0.74) | 12.82 | 15.71 | 0.77 | 0.63 | 1.47 | 26 | 11 | ||||||
| 12-31-2022 | 16.27 | 0.16 | (3.06) | (2.90) | (0.17) | (1.48) | (1.65) | 11.72 | (17.71) | 0.76 | 0.62 | 1.15 | 25 | 12 | ||||||
| 12-31-2021 | 15.76 | 0.17 | 2.01 | 2.18 | (0.17) | (1.50) | (1.67) | 16.27 | 13.85 | 0.72 | 0.60 | 0.97 | 31 | 24 | ||||||
| 12-31-2020 | 14.27 | 0.25 | 2.18 | 2.43 | (0.13) | (0.81) | (0.94) | 15.76 | 17.09 | 0.71 | 0.60 | 1.71 | 27 | 13 | ||||||
| Class R4 | ||||||||||||||||||||
| 02-28-20266 | 15.53 | 0.20 | 1.37 | 1.57 | (0.26) | (1.68) | (1.94) | 15.16 | 10.69 | 0.647 | 0.387 | 1.547 | 3 | 8 | ||||||
| 08-31-20258 | 14.09 | 0.06 | 1.38 | 1.44 | - | - | - | 15.53 | 10.229 | 0.647 | 0.387 | 0.577 | 3 | 27 | ||||||
| 12-31-2024 | 12.95 | 0.23 | 1.29 | 1.52 | (0.23) | (0.15) | (0.38) | 14.09 | 11.76 | 0.62 | 0.38 | 1.62 | 4 | 13 | ||||||
| 12-31-2023 | 11.83 | 0.22 | 1.67 | 1.89 | (0.23) | (0.54) | (0.77) | 12.95 | 15.98 | 0.63 | 0.39 | 1.73 | 3 | 11 | ||||||
| 12-31-2022 | 16.41 | 0.18 | (3.07) | (2.89) | (0.21) | (1.48) | (1.69) | 11.83 | (17.54) | 0.62 | 0.38 | 1.29 | 3 | 12 | ||||||
| 12-31-2021 | 15.89 | 0.21 | 2.02 | 2.23 | (0.21) | (1.50) | (1.71) | 16.41 | 14.13 | 0.58 | 0.36 | 1.18 | 5 | 24 | ||||||
| 12-31-2020 | 14.37 | 0.16 | 2.34 | 2.50 | (0.17) | (0.81) | (0.98) | 15.89 | 17.34 | 0.57 | 0.36 | 1.11 | 5 | 13 | ||||||
| Class R5 | ||||||||||||||||||||
| 02-28-20266 | 15.61 | 0.22 | 1.38 | 1.60 | (0.29) | (1.68) | (1.97) | 15.24 | 10.84 | 0.347 | 0.187 | 1.797 | 6 | 8 | ||||||
| 08-31-20258 | 14.14 | 0.08 | 1.39 | 1.47 | - | - | - | 15.61 | 10.409 | 0.347 | 0.187 | 0.787 | 7 | 27 | ||||||
| 12-31-2024 | 13.00 | 0.27 | 1.28 | 1.55 | (0.26) | (0.15) | (0.41) | 14.14 | 11.93 | 0.32 | 0.18 | 1.93 | 8 | 13 | ||||||
| 12-31-2023 | 11.87 | 0.22 | 1.71 | 1.93 | (0.26) | (0.54) | (0.80) | 13.00 | 16.23 | 0.33 | 0.19 | 1.72 | 6 | 11 | ||||||
| 12-31-2022 | 16.46 | 0.23 | (3.11) | (2.88) | (0.23) | (1.48) | (1.71) | 11.87 | (17.36) | 0.32 | 0.18 | 1.64 | 6 | 12 | ||||||
| 12-31-2021 | 15.93 | 0.24 | 2.04 | 2.28 | (0.25) | (1.50) | (1.75) | 16.46 | 14.31 | 0.28 | 0.16 | 1.38 | 7 | 24 | ||||||
| 12-31-2020 | 14.40 | 0.18 | 2.35 | 2.53 | (0.19) | (0.81) | (1.00) | 15.93 | 17.63 | 0.27 | 0.16 | 1.27 | 8 | 13 | ||||||
| Class R6 | ||||||||||||||||||||
| 02-28-20266 | 15.47 | 0.22 | 1.36 | 1.58 | (0.29) | (1.68) | (1.97) | 15.08 | 10.86 | 0.297 | 0.137 | 1.767 | 142 | 8 | ||||||
| 08-31-20258 | 14.01 | 0.08 | 1.38 | 1.46 | - | - | - | 15.47 | 10.429 | 0.297 | 0.137 | 0.837 | 143 | 27 | ||||||
| 12-31-2024 | 12.88 | 0.26 | 1.29 | 1.55 | (0.27) | (0.15) | (0.42) | 14.01 | 12.01 | 0.27 | 0.13 | 1.86 | 134 | 13 | ||||||
| 12-31-2023 | 11.77 | 0.25 | 1.66 | 1.91 | (0.26) | (0.54) | (0.80) | 12.88 | 16.25 | 0.28 | 0.14 | 1.98 | 128 | 11 | ||||||
| 12-31-2022 | 16.33 | 0.23 | (3.07) | (2.84) | (0.24) | (1.48) | (1.72) | 11.77 | (17.27) | 0.27 | 0.13 | 1.64 | 118 | 12 | ||||||
| 12-31-2021 | 15.82 | 0.25 | 2.02 | 2.27 | (0.26) | (1.50) | (1.76) | 16.33 | 14.33 | 0.23 | 0.11 | 1.42 | 135 | 24 | ||||||
| 12-31-2020 | 14.31 | 0.18 | 2.34 | 2.52 | (0.20) | (0.81) | (1.01) | 15.82 | 17.65 | 0.22 | 0.11 | 1.28 | 130 | 13 | ||||||
| 19 | | |
Table of Contents
Multimanager Lifestyle Growth Portfolio (continued)
| Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||||||||
| Income (loss) from investment operations | Less distributions | Ratios to average net assets | ||||||||||||||||||
| Period ended |
Net asset value, beginning of period ($) |
Net investment income (loss) ($)1, 2 |
Net realized and unrealized gain (loss) on investments ($) |
Total from investment operations ($) |
From net investment income ($) |
From net realized gain ($) |
Total distributions ($) |
Net asset value, end of period ($) |
Total return (%)3, 4 |
Expenses before reductions (%)5 |
Expenses including reductions (%)5 |
Net investment income (loss) (%)2 |
Net assets, end of period (in millions) |
Portfolio turnover (%) |
||||||
| Class 1 | ||||||||||||||||||||
| 02-28-20266 | 15.47 | 0.21 | 1.36 | 1.57 | (0.29) | (1.68) | (1.97) | 15.07 | 10.74 | 0.337 | 0.177 | 1.697 | 6,022 | 8 | ||||||
| 08-31-20258 | 14.01 | 0.08 | 1.38 | 1.46 | - | - | - | 15.47 | 10.429 | 0.337 | 0.177 | 0.787 | 5,953 | 27 | ||||||
| 12-31-2024 | 12.88 | 0.24 | 1.30 | 1.54 | (0.26) | (0.15) | (0.41) | 14.01 | 11.96 | 0.32 | 0.18 | 1.75 | 6,008 | 13 | ||||||
| 12-31-2023 | 11.77 | 0.24 | 1.67 | 1.91 | (0.26) | (0.54) | (0.80) | 12.88 | 16.19 | 0.32 | 0.18 | 1.91 | 6,139 | 11 | ||||||
| 12-31-2022 | 16.34 | 0.22 | (3.07) | (2.85) | (0.24) | (1.48) | (1.72) | 11.77 | (17.31) | 0.31 | 0.17 | 1.57 | 5,975 | 12 | ||||||
| 12-31-2021 | 15.82 | 0.23 | 2.04 | 2.27 | (0.25) | (1.50) | (1.75) | 16.34 | 14.29 | 0.27 | 0.15 | 1.33 | 8,114 | 24 | ||||||
| 12-31-2020 | 14.31 | 0.19 | 2.32 | 2.51 | (0.19) | (0.81) | (1.00) | 15.82 | 17.61 | 0.26 | 0.15 | 1.32 | 8,235 | 13 | ||||||
| Class 5 | ||||||||||||||||||||
| 02-28-20266 | 15.43 | 0.21 | 1.37 | 1.58 | (0.29) | (1.68) | (1.97) | 15.04 | 10.89 | 0.287 | 0.127 | 1.767 | 451 | 8 | ||||||
| 08-31-20258 | 13.98 | 0.08 | 1.37 | 1.45 | - | - | - | 15.43 | 10.379 | 0.287 | 0.127 | 0.837 | 419 | 27 | ||||||
| 12-31-2024 | 12.85 | 0.25 | 1.30 | 1.55 | (0.27) | (0.15) | (0.42) | 13.98 | 12.05 | 0.27 | 0.13 | 1.84 | 396 | 13 | ||||||
| 12-31-2023 | 11.74 | 0.25 | 1.66 | 1.91 | (0.26) | (0.54) | (0.80) | 12.85 | 16.29 | 0.27 | 0.13 | 1.99 | 373 | 11 | ||||||
| 12-31-2022 | 16.30 | 0.23 | (3.07) | (2.84) | (0.24) | (1.48) | (1.72) | 11.74 | (17.31) | 0.26 | 0.12 | 1.66 | 338 | 12 | ||||||
| 12-31-2021 | 15.79 | 0.25 | 2.02 | 2.27 | (0.26) | (1.50) | (1.76) | 16.30 | 14.37 | 0.22 | 0.10 | 1.43 | 416 | 24 | ||||||
| 12-31-2020 | 14.28 | 0.20 | 2.32 | 2.52 | (0.20) | (0.81) | (1.01) | 15.79 | 17.70 | 0.21 | 0.10 | 1.40 | 373 | 13 | ||||||
| 1 Based on average daily shares outstanding. |
| 2 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. |
| 3 Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 4 Does not reflect the effect of sales charges, if any. |
| 5 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. |
| 6 Six months ended 2-28-26. Unaudited. |
| 7 Annualized. |
| 8 For the eight-month period ended 8-31-25. The portfolio changed its fiscal year end from December 31 to August 31. |
| 9 Not annualized. |
| 10 Less than $0.005 per share. |
| | | 20 |
Table of Contents
Financial highlights
Multimanager Lifestyle Balanced Portfolio
| Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||||||||
| Income (loss) from investment operations | Less distributions | Ratios to average net assets | ||||||||||||||||||
| Period ended |
Net asset value, beginning of period ($) |
Net investment income (loss) ($)1, 2 |
Net realized and unrealized gain (loss) on investments ($) |
Total from investment operations ($) |
From net investment income ($) |
From net realized gain ($) |
Total distributions ($) |
Net asset value, end of period ($) |
Total return (%)3, 4 |
Expenses before reductions (%)5 |
Expenses including reductions (%)5 |
Net investment income (loss) (%)2 |
Net assets, end of period (in millions) |
Portfolio turnover (%) |
||||||
| Multimanager Lifestyle Balanced Portfolio | ||||||||||||||||||||
| Class A | ||||||||||||||||||||
| 02-28-20266 | 14.52 | 0.20 | 0.99 | 1.19 | (0.22) | (1.14) | (1.36) | 14.35 | 8.58 | 0.697 | 0.557 | 2.037 | 1,760 | 8 | ||||||
| 08-31-20258 | 13.44 | 0.12 | 1.05 | 1.17 | (0.09) | - | (0.09) | 14.52 | 8.739 | 0.697 | 0.567 | 1.327 | 1,711 | 21 | ||||||
| 12-31-2024 | 12.61 | 0.28 | 0.89 | 1.17 | (0.29) | (0.05) | (0.34) | 13.44 | 9.28 | 0.68 | 0.56 | 2.10 | 1,720 | 14 | ||||||
| 12-31-2023 | 11.65 | 0.27 | 1.30 | 1.57 | (0.28) | (0.33) | (0.61) | 12.61 | 13.51 | 0.70 | 0.57 | 2.19 | 1,774 | 14 | ||||||
| 12-31-2022 | 15.57 | 0.26 | (2.81) | (2.55) | (0.27) | (1.10) | (1.37) | 11.65 | (16.33) | 0.68 | 0.56 | 1.92 | 1,748 | 13 | ||||||
| 12-31-2021 | 15.44 | 0.24 | 1.47 | 1.71 | (0.26) | (1.32) | (1.58) | 15.57 | 11.07 | 0.65 | 0.53 | 1.47 | 2,281 | 30 | ||||||
| 12-31-2020 | 14.20 | 0.19 | 1.91 | 2.10 | (0.18) | (0.68) | (0.86) | 15.44 | 14.95 | 0.64 | 0.52 | 1.31 | 2,085 | 15 | ||||||
| Class C | ||||||||||||||||||||
| 02-28-20266 | 14.49 | 0.15 | 0.99 | 1.14 | (0.17) | (1.14) | (1.31) | 14.32 | 8.21 | 1.397 | 1.257 | 1.317 | 40 | 8 | ||||||
| 08-31-20258 | 13.43 | 0.06 | 1.04 | 1.10 | (0.04) | - | (0.04) | 14.49 | 8.229 | 1.397 | 1.267 | 0.617 | 43 | 21 | ||||||
| 12-31-2024 | 12.60 | 0.17 | 0.91 | 1.08 | (0.20) | (0.05) | (0.25) | 13.43 | 8.54 | 1.38 | 1.26 | 1.31 | 48 | 14 | ||||||
| 12-31-2023 | 11.65 | 0.16 | 1.31 | 1.47 | (0.19) | (0.33) | (0.52) | 12.60 | 12.64 | 1.39 | 1.27 | 1.33 | 63 | 14 | ||||||
| 12-31-2022 | 15.56 | 0.15 | (2.79) | (2.64) | (0.17) | (1.10) | (1.27) | 11.65 | (16.89) | 1.38 | 1.26 | 1.08 | 88 | 13 | ||||||
| 12-31-2021 | 15.44 | 0.10 | 1.48 | 1.58 | (0.14) | (1.32) | (1.46) | 15.56 | 10.27 | 1.35 | 1.24 | 0.62 | 170 | 30 | ||||||
| 12-31-2020 | 14.20 | 0.05 | 1.95 | 2.00 | (0.08) | (0.68) | (0.76) | 15.44 | 14.15 | 1.34 | 1.24 | 0.34 | 244 | 15 | ||||||
| Class I | ||||||||||||||||||||
| 02-28-20266 | 14.38 | 0.22 | 0.98 | 1.20 | (0.24) | (1.14) | (1.38) | 14.20 | 8.76 | 0.397 | 0.257 | 2.317 | 35 | 8 | ||||||
| 08-31-20258 | 13.31 | 0.15 | 1.03 | 1.18 | (0.11) | - | (0.11) | 14.38 | 8.989 | 0.397 | 0.267 | 1.627 | 32 | 21 | ||||||
| 12-31-2024 | 12.48 | 0.32 | 0.89 | 1.21 | (0.33) | (0.05) | (0.38) | 13.31 | 9.62 | 0.38 | 0.26 | 2.41 | 27 | 14 | ||||||
| 12-31-2023 | 11.55 | 0.30 | 1.27 | 1.57 | (0.31) | (0.33) | (0.64) | 12.48 | 13.79 | 0.39 | 0.27 | 2.44 | 28 | 14 | ||||||
| 12-31-2022 | 15.45 | 0.30 | (2.79) | (2.49) | (0.31) | (1.10) | (1.41) | 11.55 | (16.13) | 0.38 | 0.26 | 2.21 | 31 | 13 | ||||||
| 12-31-2021 | 15.33 | 0.30 | 1.45 | 1.75 | (0.31) | (1.32) | (1.63) | 15.45 | 11.43 | 0.35 | 0.23 | 1.81 | 43 | 30 | ||||||
| 12-31-2020 | 14.10 | 0.22 | 1.91 | 2.13 | (0.22) | (0.68) | (0.90) | 15.33 | 15.33 | 0.34 | 0.22 | 1.55 | 37 | 15 | ||||||
| Class R2 | ||||||||||||||||||||
| 02-28-20266 | 14.38 | 0.19 | 0.99 | 1.18 | (0.22) | (1.14) | (1.36) | 14.20 | 8.54 | 0.787 | 0.657 | 1.897 | 13 | 8 | ||||||
| 08-31-20258 | 13.31 | 0.12 | 1.03 | 1.15 | (0.08) | - | (0.08) | 14.38 | 8.699 | 0.777 | 0.637 | 1.247 | 15 | 21 | ||||||
| 12-31-2024 | 12.49 | 0.25 | 0.90 | 1.15 | (0.28) | (0.05) | (0.33) | 13.31 | 9.21 | 0.76 | 0.64 | 1.91 | 17 | 14 | ||||||
| 12-31-2023 | 11.55 | 0.26 | 1.28 | 1.54 | (0.27) | (0.33) | (0.60) | 12.49 | 13.36 | 0.77 | 0.65 | 2.11 | 21 | 14 | ||||||
| 12-31-2022 | 15.46 | 0.25 | (2.80) | (2.55) | (0.26) | (1.10) | (1.36) | 11.55 | (16.46) | 0.78 | 0.65 | 1.83 | 20 | 13 | ||||||
| 12-31-2021 | 15.34 | 0.23 | 1.45 | 1.68 | (0.24) | (1.32) | (1.56) | 15.46 | 11.01 | 0.72 | 0.61 | 1.42 | 26 | 30 | ||||||
| 12-31-2020 | 14.11 | 0.27 | 1.81 | 2.08 | (0.17) | (0.68) | (0.85) | 15.34 | 14.95 | 0.70 | 0.60 | 1.90 | 23 | 15 | ||||||
| Class R4 | ||||||||||||||||||||
| 02-28-20266 | 14.47 | 0.21 | 0.99 | 1.20 | (0.23) | (1.14) | (1.37) | 14.30 | 8.69 | 0.637 | 0.407 | 2.167 | 4 | 8 | ||||||
| 08-31-20258 | 13.39 | 0.14 | 1.04 | 1.18 | (0.10) | - | (0.10) | 14.47 | 8.859 | 0.617 | 0.387 | 1.487 | 4 | 21 | ||||||
| 12-31-2024 | 12.56 | 0.30 | 0.89 | 1.19 | (0.31) | (0.05) | (0.36) | 13.39 | 9.50 | 0.63 | 0.41 | 2.25 | 5 | 14 | ||||||
| 12-31-2023 | 11.61 | 0.29 | 1.28 | 1.57 | (0.29) | (0.33) | (0.62) | 12.56 | 13.64 | 0.63 | 0.41 | 2.35 | 5 | 14 | ||||||
| 12-31-2022 | 15.53 | 0.28 | (2.81) | (2.53) | (0.29) | (1.10) | (1.39) | 11.61 | (16.24) | 0.63 | 0.40 | 2.06 | 6 | 13 | ||||||
| 12-31-2021 | 15.40 | 0.27 | 1.46 | 1.73 | (0.28) | (1.32) | (1.60) | 15.53 | 11.28 | 0.59 | 0.38 | 1.61 | 8 | 30 | ||||||
| 12-31-2020 | 14.17 | 0.20 | 1.91 | 2.11 | (0.20) | (0.68) | (0.88) | 15.40 | 15.08 | 0.57 | 0.37 | 1.41 | 8 | 15 | ||||||
| Class R5 | ||||||||||||||||||||
| 02-28-20266 | 14.52 | 0.23 | 0.99 | 1.22 | (0.25) | (1.14) | (1.39) | 14.35 | 8.77 | 0.337 | 0.207 | 2.387 | 10 | 8 | ||||||
| 08-31-20258 | 13.42 | 0.16 | 1.05 | 1.21 | (0.11) | - | (0.11) | 14.52 | 9.089 | 0.337 | 0.207 | 1.667 | 8 | 21 | ||||||
| 12-31-2024 | 12.59 | 0.32 | 0.90 | 1.22 | (0.34) | (0.05) | (0.39) | 13.42 | 9.68 | 0.32 | 0.20 | 2.38 | 10 | 14 | ||||||
| 12-31-2023 | 11.64 | 0.30 | 1.30 | 1.60 | (0.32) | (0.33) | (0.65) | 12.59 | 13.82 | 0.33 | 0.21 | 2.44 | 12 | 14 | ||||||
| 12-31-2022 | 15.56 | 0.32 | (2.82) | (2.50) | (0.32) | (1.10) | (1.42) | 11.64 | (16.02) | 0.32 | 0.20 | 2.33 | 14 | 13 | ||||||
| 12-31-2021 | 15.43 | 0.30 | 1.46 | 1.76 | (0.31) | (1.32) | (1.63) | 15.56 | 11.47 | 0.29 | 0.18 | 1.80 | 17 | 30 | ||||||
| 12-31-2020 | 14.19 | 0.23 | 1.92 | 2.15 | (0.23) | (0.68) | (0.91) | 15.43 | 15.36 | 0.27 | 0.17 | 1.65 | 16 | 15 | ||||||
| Class R6 | ||||||||||||||||||||
| 02-28-20266 | 14.37 | 0.23 | 0.98 | 1.21 | (0.25) | (1.14) | (1.39) | 14.19 | 8.82 | 0.297 | 0.157 | 2.457 | 135 | 8 | ||||||
| 08-31-20258 | 13.29 | 0.16 | 1.04 | 1.20 | (0.12) | - | (0.12) | 14.37 | 9.049 | 0.287 | 0.157 | 1.737 | 143 | 21 | ||||||
| 12-31-2024 | 12.47 | 0.33 | 0.88 | 1.21 | (0.34) | (0.05) | (0.39) | 13.29 | 9.74 | 0.27 | 0.15 | 2.54 | 136 | 14 | ||||||
| 12-31-2023 | 11.54 | 0.32 | 1.26 | 1.58 | (0.32) | (0.33) | (0.65) | 12.47 | 13.83 | 0.28 | 0.16 | 2.67 | 132 | 14 | ||||||
| 12-31-2022 | 15.44 | 0.32 | (2.80) | (2.48) | (0.32) | (1.10) | (1.42) | 11.54 | (15.97) | 0.28 | 0.15 | 2.35 | 119 | 13 | ||||||
| 12-31-2021 | 15.32 | 0.31 | 1.45 | 1.76 | (0.32) | (1.32) | (1.64) | 15.44 | 11.54 | 0.24 | 0.13 | 1.91 | 119 | 30 | ||||||
| 12-31-2020 | 14.10 | 0.22 | 1.92 | 2.14 | (0.24) | (0.68) | (0.92) | 15.32 | 15.37 | 0.22 | 0.13 | 1.56 | 126 | 15 | ||||||
| 21 | | |
Table of Contents
Multimanager Lifestyle Balanced Portfolio (continued)
| Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||||||||
| Income (loss) from investment operations | Less distributions | Ratios to average net assets | ||||||||||||||||||
| Period ended |
Net asset value, beginning of period ($) |
Net investment income (loss) ($)1, 2 |
Net realized and unrealized gain (loss) on investments ($) |
Total from investment operations ($) |
From net investment income ($) |
From net realized gain ($) |
Total distributions ($) |
Net asset value, end of period ($) |
Total return (%)3, 4 |
Expenses before reductions (%)5 |
Expenses including reductions (%)5 |
Net investment income (loss) (%)2 |
Net assets, end of period (in millions) |
Portfolio turnover (%) |
||||||
| Class 1 | ||||||||||||||||||||
| 02-28-20266 | 14.37 | 0.23 | 0.98 | 1.21 | (0.25) | (1.14) | (1.39) | 14.19 | 8.79 | 0.337 | 0.197 | 2.387 | 5,281 | 8 | ||||||
| 08-31-20258 | 13.29 | 0.15 | 1.04 | 1.19 | (0.11) | - | (0.11) | 14.37 | 9.029 | 0.337 | 0.207 | 1.687 | 5,269 | 21 | ||||||
| 12-31-2024 | 12.47 | 0.32 | 0.89 | 1.21 | (0.34) | (0.05) | (0.39) | 13.29 | 9.70 | 0.32 | 0.20 | 2.46 | 5,382 | 14 | ||||||
| 12-31-2023 | 11.53 | 0.31 | 1.28 | 1.59 | (0.32) | (0.33) | (0.65) | 12.47 | 13.87 | 0.33 | 0.21 | 2.55 | 5,619 | 14 | ||||||
| 12-31-2022 | 15.43 | 0.31 | (2.79) | (2.48) | (0.32) | (1.10) | (1.42) | 11.53 | (16.03) | 0.32 | 0.20 | 2.27 | 5,540 | 13 | ||||||
| 12-31-2021 | 15.31 | 0.29 | 1.46 | 1.75 | (0.31) | (1.32) | (1.63) | 15.43 | 11.50 | 0.28 | 0.17 | 1.79 | 7,529 | 30 | ||||||
| 12-31-2020 | 14.09 | 0.23 | 1.90 | 2.13 | (0.23) | (0.68) | (0.91) | 15.31 | 15.33 | 0.26 | 0.16 | 1.61 | 7,795 | 15 | ||||||
| Class 5 | ||||||||||||||||||||
| 02-28-20266 | 14.38 | 0.23 | 0.98 | 1.21 | (0.25) | (1.14) | (1.39) | 14.20 | 8.81 | 0.287 | 0.147 | 2.447 | 174 | 8 | ||||||
| 08-31-20258 | 13.30 | 0.16 | 1.04 | 1.20 | (0.12) | - | (0.12) | 14.38 | 9.049 | 0.287 | 0.157 | 1.737 | 164 | 21 | ||||||
| 12-31-2024 | 12.48 | 0.33 | 0.88 | 1.21 | (0.34) | (0.05) | (0.39) | 13.30 | 9.74 | 0.27 | 0.15 | 2.52 | 160 | 14 | ||||||
| 12-31-2023 | 11.54 | 0.32 | 1.28 | 1.60 | (0.33) | (0.33) | (0.66) | 12.48 | 13.92 | 0.28 | 0.16 | 2.62 | 157 | 14 | ||||||
| 12-31-2022 | 15.44 | 0.32 | (2.79) | (2.47) | (0.33) | (1.10) | (1.43) | 11.54 | (15.97) | 0.27 | 0.15 | 2.34 | 147 | 13 | ||||||
| 12-31-2021 | 15.32 | 0.31 | 1.45 | 1.76 | (0.32) | (1.32) | (1.64) | 15.44 | 11.55 | 0.23 | 0.12 | 1.88 | 185 | 30 | ||||||
| 12-31-2020 | 14.10 | 0.24 | 1.90 | 2.14 | (0.24) | (0.68) | (0.92) | 15.32 | 15.39 | 0.21 | 0.11 | 1.68 | 170 | 15 | ||||||
| 1 Based on average daily shares outstanding. |
| 2 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. |
| 3 Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 4 Does not reflect the effect of sales charges, if any. |
| 5 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. |
| 6 Six months ended 2-28-26. Unaudited. |
| 7 Annualized. |
| 8 For the eight-month period ended 8-31-25. The portfolio changed its fiscal year end from December 31 to August 31. |
| 9 Not annualized. |
| | | 22 |
Table of Contents
Financial highlights
Multimanager Lifestyle Moderate Portfolio
| Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||||||||
| Income (loss) from investment operations | Less distributions | Ratios to average net assets | ||||||||||||||||||
| Period ended |
Net asset value, beginning of period ($) |
Net investment income (loss) ($)1, 2 |
Net realized and unrealized gain (loss) on investments ($) |
Total from investment operations ($) |
From net investment income ($) |
From net realized gain ($) |
Total distributions ($) |
Net asset value, end of period ($) |
Total return (%)3, 4 |
Expenses before reductions (%)5 |
Expenses including reductions (%)5 |
Net investment income (loss) (%)2 |
Net assets, end of period (in millions) |
Portfolio turnover (%) |
||||||
| Multimanager Lifestyle Moderate Portfolio | ||||||||||||||||||||
| Class A | ||||||||||||||||||||
| 02-28-20266 | 13.04 | 0.22 | 0.63 | 0.85 | (0.24) | (0.49) | (0.73) | 13.16 | 6.67 | 0.697 | 0.587 | 2.767 | 623 | 8 | ||||||
| 08-31-20258 | 12.26 | 0.18 | 0.74 | 0.92 | (0.14) | - | (0.14) | 13.04 | 7.529 | 0.707 | 0.587 | 2.197 | 624 | 18 | ||||||
| 12-31-2024 | 11.80 | 0.35 | 0.49 | 0.84 | (0.36) | (0.02) | (0.38) | 12.26 | 7.18 | 0.68 | 0.58 | 2.88 | 629 | 14 | ||||||
| 12-31-2023 | 11.09 | 0.33 | 0.89 | 1.22 | (0.34) | (0.17) | (0.51) | 11.80 | 11.11 | 0.69 | 0.59 | 2.89 | 669 | 14 | ||||||
| 12-31-2022 | 14.05 | 0.32 | (2.30) | (1.98) | (0.33) | (0.65) | (0.98) | 11.09 | (14.07) | 0.68 | 0.57 | 2.59 | 670 | 14 | ||||||
| 12-31-2021 | 14.16 | 0.29 | 0.76 | 1.05 | (0.28) | (0.88) | (1.16) | 14.05 | 7.46 | 0.65 | 0.56 | 1.93 | 867 | 31 | ||||||
| 12-31-2020 | 13.29 | 0.21 | 1.34 | 1.55 | (0.21) | (0.47) | (0.68) | 14.16 | 11.83 | 0.64 | 0.55 | 1.61 | 778 | 15 | ||||||
| Class C | ||||||||||||||||||||
| 02-28-20266 | 13.11 | 0.17 | 0.64 | 0.81 | (0.19) | (0.49) | (0.68) | 13.24 | 6.34 | 1.397 | 1.287 | 2.037 | 17 | 8 | ||||||
| 08-31-20258 | 12.35 | 0.13 | 0.72 | 0.85 | (0.09) | - | (0.09) | 13.11 | 7.039 | 1.407 | 1.297 | 1.487 | 19 | 18 | ||||||
| 12-31-2024 | 11.88 | 0.26 | 0.51 | 0.77 | (0.28) | (0.02) | (0.30) | 12.35 | 6.40 | 1.38 | 1.29 | 2.11 | 23 | 14 | ||||||
| 12-31-2023 | 11.16 | 0.24 | 0.91 | 1.15 | (0.26) | (0.17) | (0.43) | 11.88 | 10.37 | 1.39 | 1.29 | 2.08 | 30 | 14 | ||||||
| 12-31-2022 | 14.13 | 0.22 | (2.30) | (2.08) | (0.24) | (0.65) | (0.89) | 11.16 | (14.68) | 1.38 | 1.28 | 1.77 | 40 | 14 | ||||||
| 12-31-2021 | 14.24 | 0.16 | 0.79 | 0.95 | (0.18) | (0.88) | (1.06) | 14.13 | 6.68 | 1.35 | 1.26 | 1.08 | 72 | 31 | ||||||
| 12-31-2020 | 13.36 | 0.09 | 1.38 | 1.47 | (0.12) | (0.47) | (0.59) | 14.24 | 11.05 | 1.34 | 1.26 | 0.69 | 105 | 15 | ||||||
| Class I | ||||||||||||||||||||
| 02-28-20266 | 12.93 | 0.23 | 0.63 | 0.86 | (0.26) | (0.49) | (0.75) | 13.04 | 6.81 | 0.397 | 0.287 | 3.087 | 20 | 8 | ||||||
| 08-31-20258 | 12.15 | 0.20 | 0.74 | 0.94 | (0.16) | - | (0.16) | 12.93 | 7.759 | 0.407 | 0.287 | 2.497 | 21 | 18 | ||||||
| 12-31-2024 | 11.69 | 0.39 | 0.49 | 0.88 | (0.40) | (0.02) | (0.42) | 12.15 | 7.57 | 0.38 | 0.28 | 3.24 | 18 | 14 | ||||||
| 12-31-2023 | 10.99 | 0.36 | 0.89 | 1.25 | (0.38) | (0.17) | (0.55) | 11.69 | 11.45 | 0.39 | 0.29 | 3.18 | 15 | 14 | ||||||
| 12-31-2022 | 13.94 | 0.36 | (2.29) | (1.93) | (0.37) | (0.65) | (1.02) | 10.99 | (13.84) | 0.38 | 0.27 | 2.95 | 15 | 14 | ||||||
| 12-31-2021 | 14.06 | 0.34 | 0.75 | 1.09 | (0.33) | (0.88) | (1.21) | 13.94 | 7.77 | 0.35 | 0.26 | 2.31 | 15 | 31 | ||||||
| 12-31-2020 | 13.20 | 0.24 | 1.34 | 1.58 | (0.25) | (0.47) | (0.72) | 14.06 | 12.17 | 0.34 | 0.25 | 1.83 | 11 | 15 | ||||||
| Class R2 | ||||||||||||||||||||
| 02-28-20266 | 12.98 | 0.21 | 0.63 | 0.84 | (0.23) | (0.49) | (0.72) | 13.10 | 6.64 | 0.797 | 0.677 | 2.677 | 6 | 8 | ||||||
| 08-31-20258 | 12.21 | 0.18 | 0.72 | 0.90 | (0.13) | - | (0.13) | 12.98 | 7.439 | 0.787 | 0.677 | 2.117 | 7 | 18 | ||||||
| 12-31-2024 | 11.75 | 0.34 | 0.49 | 0.83 | (0.35) | (0.02) | (0.37) | 12.21 | 7.12 | 0.77 | 0.68 | 2.76 | 7 | 14 | ||||||
| 12-31-2023 | 11.05 | 0.32 | 0.88 | 1.20 | (0.33) | (0.17) | (0.50) | 11.75 | 11.06 | 0.78 | 0.68 | 2.82 | 8 | 14 | ||||||
| 12-31-2022 | 14.00 | 0.31 | (2.29) | (1.98) | (0.32) | (0.65) | (0.97) | 11.05 | (14.20) | 0.78 | 0.69 | 2.47 | 8 | 14 | ||||||
| 12-31-2021 | 14.11 | 0.28 | 0.76 | 1.04 | (0.27) | (0.88) | (1.15) | 14.00 | 7.39 | 0.73 | 0.64 | 1.87 | 10 | 31 | ||||||
| 12-31-2020 | 13.24 | 0.29 | 1.25 | 1.54 | (0.20) | (0.47) | (0.67) | 14.11 | 11.77 | 0.72 | 0.64 | 2.15 | 9 | 15 | ||||||
| Class R4 | ||||||||||||||||||||
| 02-28-20266 | 12.93 | 0.22 | 0.64 | 0.86 | (0.25) | (0.49) | (0.74) | 13.05 | 6.81 | 0.647 | 0.427 | 2.917 | 1 | 8 | ||||||
| 08-31-20258 | 12.16 | 0.21 | 0.71 | 0.92 | (0.15) | - | (0.15) | 12.93 | 7.599 | 0.637 | 0.427 | 2.337 | 1 | 18 | ||||||
| 12-31-2024 | 11.71 | 0.35 | 0.51 | 0.86 | (0.39) | (0.02) | (0.41) | 12.16 | 7.34 | 0.62 | 0.42 | 2.89 | 1 | 14 | ||||||
| 12-31-2023 | 11.01 | 0.35 | 0.88 | 1.23 | (0.36) | (0.17) | (0.53) | 11.71 | 11.30 | 0.63 | 0.43 | 3.05 | 1 | 14 | ||||||
| 12-31-2022 | 13.96 | 0.30 | (2.25) | (1.95) | (0.35) | (0.65) | (1.00) | 11.01 | (13.95) | 0.62 | 0.42 | 2.40 | 1 | 14 | ||||||
| 12-31-2021 | 14.07 | 0.30 | 0.77 | 1.07 | (0.30) | (0.88) | (1.18) | 13.96 | 7.68 | 0.59 | 0.40 | 2.05 | 3 | 31 | ||||||
| 12-31-2020 | 13.21 | 0.23 | 1.33 | 1.56 | (0.23) | (0.47) | (0.70) | 14.07 | 12.00 | 0.58 | 0.40 | 1.70 | 3 | 15 | ||||||
| Class R5 | ||||||||||||||||||||
| 02-28-20266 | 12.94 | 0.25 | 0.61 | 0.86 | (0.26) | (0.49) | (0.75) | 13.05 | 6.83 | 0.347 | 0.227 | 3.367 | 6 | 8 | ||||||
| 08-31-20258 | 12.16 | 0.21 | 0.73 | 0.94 | (0.16) | - | (0.16) | 12.94 | 7.789 | 0.347 | 0.237 | 2.557 | 12 | 18 | ||||||
| 12-31-2024 | 11.70 | 0.39 | 0.50 | 0.89 | (0.41) | (0.02) | (0.43) | 12.16 | 7.62 | 0.33 | 0.23 | 3.24 | 11 | 14 | ||||||
| 12-31-2023 | 11.00 | 0.38 | 0.87 | 1.25 | (0.38) | (0.17) | (0.55) | 11.70 | 11.49 | 0.33 | 0.23 | 3.29 | 12 | 14 | ||||||
| 12-31-2022 | 13.95 | 0.37 | (2.30) | (1.93) | (0.37) | (0.65) | (1.02) | 11.00 | (13.78) | 0.32 | 0.22 | 2.97 | 10 | 14 | ||||||
| 12-31-2021 | 14.07 | 0.33 | 0.76 | 1.09 | (0.33) | (0.88) | (1.21) | 13.95 | 7.82 | 0.29 | 0.20 | 2.24 | 8 | 31 | ||||||
| 12-31-2020 | 13.21 | 0.27 | 1.32 | 1.59 | (0.26) | (0.47) | (0.73) | 14.07 | 12.22 | 0.28 | 0.20 | 2.00 | 9 | 15 | ||||||
| Class R6 | ||||||||||||||||||||
| 02-28-20266 | 12.90 | 0.24 | 0.62 | 0.86 | (0.26) | (0.49) | (0.75) | 13.01 | 6.88 | 0.297 | 0.177 | 3.117 | 56 | 8 | ||||||
| 08-31-20258 | 12.13 | 0.21 | 0.72 | 0.93 | (0.16) | - | (0.16) | 12.90 | 7.749 | 0.297 | 0.187 | 2.637 | 51 | 18 | ||||||
| 12-31-2024 | 11.67 | 0.40 | 0.49 | 0.89 | (0.41) | (0.02) | (0.43) | 12.13 | 7.69 | 0.28 | 0.18 | 3.33 | 39 | 14 | ||||||
| 12-31-2023 | 10.97 | 0.39 | 0.87 | 1.26 | (0.39) | (0.17) | (0.56) | 11.67 | 11.58 | 0.28 | 0.18 | 3.41 | 37 | 14 | ||||||
| 12-31-2022 | 13.92 | 0.38 | (2.30) | (1.92) | (0.38) | (0.65) | (1.03) | 10.97 | (13.77) | 0.27 | 0.17 | 3.10 | 30 | 14 | ||||||
| 12-31-2021 | 14.04 | 0.32 | 0.78 | 1.10 | (0.34) | (0.88) | (1.22) | 13.92 | 7.89 | 0.24 | 0.15 | 2.20 | 28 | 31 | ||||||
| 12-31-2020 | 13.18 | 0.26 | 1.33 | 1.59 | (0.26) | (0.47) | (0.73) | 14.04 | 12.30 | 0.23 | 0.15 | 1.93 | 38 | 15 | ||||||
| 23 | | |
Table of Contents
Multimanager Lifestyle Moderate Portfolio (continued)
| Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||||||||
| Income (loss) from investment operations | Less distributions | Ratios to average net assets | ||||||||||||||||||
| Period ended |
Net asset value, beginning of period ($) |
Net investment income (loss) ($)1, 2 |
Net realized and unrealized gain (loss) on investments ($) |
Total from investment operations ($) |
From net investment income ($) |
From net realized gain ($) |
Total distributions ($) |
Net asset value, end of period ($) |
Total return (%)3, 4 |
Expenses before reductions (%)5 |
Expenses including reductions (%)5 |
Net investment income (loss) (%)2 |
Net assets, end of period (in millions) |
Portfolio turnover (%) |
||||||
| Class 1 | ||||||||||||||||||||
| 02-28-20266 | 12.94 | 0.24 | 0.62 | 0.86 | (0.26) | (0.49) | (0.75) | 13.05 | 6.83 | 0.347 | 0.227 | 3.117 | 1,271 | 8 | ||||||
| 08-31-20258 | 12.16 | 0.21 | 0.73 | 0.94 | (0.16) | - | (0.16) | 12.94 | 7.789 | 0.337 | 0.227 | 2.557 | 1,305 | 18 | ||||||
| 12-31-2024 | 11.70 | 0.39 | 0.50 | 0.89 | (0.41) | (0.02) | (0.43) | 12.16 | 7.63 | 0.32 | 0.22 | 3.24 | 1,359 | 14 | ||||||
| 12-31-2023 | 11.00 | 0.37 | 0.88 | 1.25 | (0.38) | (0.17) | (0.55) | 11.70 | 11.51 | 0.33 | 0.23 | 3.25 | 1,456 | 14 | ||||||
| 12-31-2022 | 13.95 | 0.37 | (2.29) | (1.92) | (0.38) | (0.65) | (1.03) | 11.00 | (13.77) | 0.31 | 0.21 | 2.95 | 1,473 | 14 | ||||||
| 12-31-2021 | 14.07 | 0.33 | 0.76 | 1.09 | (0.33) | (0.88) | (1.21) | 13.95 | 7.83 | 0.28 | 0.20 | 2.23 | 1,942 | 31 | ||||||
| 12-31-2020 | 13.21 | 0.25 | 1.34 | 1.59 | (0.26) | (0.47) | (0.73) | 14.07 | 12.23 | 0.27 | 0.19 | 1.92 | 2,056 | 15 | ||||||
| Class 5 | ||||||||||||||||||||
| 02-28-20266 | 12.91 | 0.24 | 0.62 | 0.86 | (0.26) | (0.49) | (0.75) | 13.02 | 6.88 | 0.297 | 0.177 | 3.177 | 56 | 8 | ||||||
| 08-31-20258 | 12.13 | 0.22 | 0.72 | 0.94 | (0.16) | - | (0.16) | 12.91 | 7.839 | 0.287 | 0.177 | 2.617 | 55 | 18 | ||||||
| 12-31-2024 | 11.67 | 0.40 | 0.49 | 0.89 | (0.41) | (0.02) | (0.43) | 12.13 | 7.70 | 0.27 | 0.17 | 3.30 | 53 | 14 | ||||||
| 12-31-2023 | 10.98 | 0.38 | 0.87 | 1.25 | (0.39) | (0.17) | (0.56) | 11.67 | 11.49 | 0.28 | 0.18 | 3.31 | 55 | 14 | ||||||
| 12-31-2022 | 13.92 | 0.37 | (2.28) | (1.91) | (0.38) | (0.65) | (1.03) | 10.98 | (13.68) | 0.26 | 0.16 | 3.01 | 55 | 14 | ||||||
| 12-31-2021 | 14.04 | 0.34 | 0.76 | 1.10 | (0.34) | (0.88) | (1.22) | 13.92 | 7.90 | 0.23 | 0.15 | 2.33 | 70 | 31 | ||||||
| 12-31-2020 | 13.18 | 0.26 | 1.34 | 1.60 | (0.27) | (0.47) | (0.74) | 14.04 | 12.32 | 0.22 | 0.14 | 1.98 | 65 | 15 | ||||||
| 1 Based on average daily shares outstanding. |
| 2 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. |
| 3 Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 4 Does not reflect the effect of sales charges, if any. |
| 5 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. |
| 6 Six months ended 2-28-26. Unaudited. |
| 7 Annualized. |
| 8 For the eight-month period ended 8-31-25. The portfolio changed its fiscal year end from December 31 to August 31. |
| 9 Not annualized. |
| | | 24 |
Table of Contents
Financial highlights
Multimanager Lifestyle Conservative Portfolio
| Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||||||||
| Income (loss) from investment operations | Less distributions | Ratios to average net assets | ||||||||||||||||||
| Period ended |
Net asset value, beginning of period ($) |
Net investment income (loss) ($)1, 2 |
Net realized and unrealized gain (loss) on investments ($) |
Total from investment operations ($) |
From net investment income ($) |
From net realized gain ($) |
Total distributions ($) |
Net asset value, end of period ($) |
Total return (%)3, 4 |
Expenses before reductions (%)5 |
Expenses including reductions (%)5 |
Net investment income (loss) (%)2 |
Net assets, end of period (in millions) |
Portfolio turnover (%) |
||||||
| Multimanager Lifestyle Conservative Portfolio | ||||||||||||||||||||
| Class A | ||||||||||||||||||||
| 02-28-20266 | 12.30 | 0.23 | 0.34 | 0.57 | (0.26) | (0.02) | (0.28) | 12.59 | 4.65 | 0.717 | 0.617 | 3.497 | 553 | 7 | ||||||
| 08-31-20258 | 11.75 | 0.25 | 0.49 | 0.74 | (0.19) | - | (0.19) | 12.30 | 6.359 | 0.717 | 0.627 | 3.177 | 568 | 15 | ||||||
| 12-31-2024 | 11.55 | 0.43 | 0.22 | 0.65 | (0.44) | (0.01) | (0.45) | 11.75 | 5.64 | 0.71 | 0.61 | 3.61 | 584 | 16 | ||||||
| 12-31-2023 | 11.00 | 0.40 | 0.56 | 0.96 | (0.41) | -10 | (0.41) | 11.55 | 8.84 | 0.71 | 0.61 | 3.52 | 643 | 15 | ||||||
| 12-31-2022 | 13.31 | 0.39 | (2.00) | (1.61) | (0.39) | (0.31) | (0.70) | 11.00 | (12.02) | 0.70 | 0.60 | 3.23 | 667 | 14 | ||||||
| 12-31-2021 | 13.65 | 0.32 | 0.12 | 0.44 | (0.32) | (0.46) | (0.78) | 13.31 | 3.17 | 0.67 | 0.58 | 2.29 | 866 | 32 | ||||||
| 12-31-2020 | 13.02 | 0.25 | 0.95 | 1.20 | (0.31) | (0.26) | (0.57) | 13.65 | 9.43 | 0.68 | 0.58 | 1.90 | 769 | 20 | ||||||
| Class C | ||||||||||||||||||||
| 02-28-20266 | 12.29 | 0.19 | 0.32 | 0.51 | (0.21) | (0.02) | (0.23) | 12.57 | 4.21 | 1.417 | 1.317 | 2.787 | 13 | 7 | ||||||
| 08-31-20258 | 11.75 | 0.20 | 0.49 | 0.69 | (0.15) | - | (0.15) | 12.29 | 5.909 | 1.417 | 1.327 | 2.477 | 15 | 15 | ||||||
| 12-31-2024 | 11.55 | 0.34 | 0.22 | 0.56 | (0.35) | (0.01) | (0.36) | 11.75 | 4.90 | 1.41 | 1.32 | 2.85 | 16 | 16 | ||||||
| 12-31-2023 | 11.01 | 0.31 | 0.56 | 0.87 | (0.33) | -10 | (0.33) | 11.55 | 8.09 | 1.41 | 1.32 | 2.72 | 22 | 15 | ||||||
| 12-31-2022 | 13.31 | 0.29 | (1.97) | (1.68) | (0.31) | (0.31) | (0.62) | 11.01 | (12.73) | 1.40 | 1.31 | 2.41 | 32 | 14 | ||||||
| 12-31-2021 | 13.65 | 0.20 | 0.14 | 0.34 | (0.22) | (0.46) | (0.68) | 13.31 | 2.52 | 1.37 | 1.28 | 1.46 | 61 | 32 | ||||||
| 12-31-2020 | 13.03 | 0.13 | 0.97 | 1.10 | (0.22) | (0.26) | (0.48) | 13.65 | 8.65 | 1.38 | 1.29 | 0.98 | 84 | 20 | ||||||
| Class I | ||||||||||||||||||||
| 02-28-20266 | 12.28 | 0.25 | 0.33 | 0.58 | (0.27) | (0.02) | (0.29) | 12.57 | 4.73 | 0.417 | 0.317 | 3.827 | 15 | 7 | ||||||
| 08-31-20258 | 11.73 | 0.27 | 0.49 | 0.76 | (0.21) | - | (0.21) | 12.28 | 6.529 | 0.417 | 0.327 | 3.487 | 12 | 15 | ||||||
| 12-31-2024 | 11.52 | 0.46 | 0.23 | 0.69 | (0.47) | (0.01) | (0.48) | 11.73 | 6.05 | 0.41 | 0.31 | 3.91 | 10 | 16 | ||||||
| 12-31-2023 | 10.98 | 0.42 | 0.56 | 0.98 | (0.44) | -10 | (0.44) | 11.52 | 9.09 | 0.41 | 0.31 | 3.73 | 12 | 15 | ||||||
| 12-31-2022 | 13.28 | 0.42 | (1.98) | (1.56) | (0.43) | (0.31) | (0.74) | 10.98 | (11.76) | 0.40 | 0.30 | 3.51 | 16 | 14 | ||||||
| 12-31-2021 | 13.62 | 0.36 | 0.12 | 0.48 | (0.36) | (0.46) | (0.82) | 13.28 | 3.56 | 0.37 | 0.28 | 2.62 | 23 | 32 | ||||||
| 12-31-2020 | 13.00 | 0.29 | 0.94 | 1.23 | (0.35) | (0.26) | (0.61) | 13.62 | 9.69 | 0.38 | 0.28 | 2.23 | 18 | 20 | ||||||
| Class R2 | ||||||||||||||||||||
| 02-28-20266 | 12.28 | 0.23 | 0.32 | 0.55 | (0.25) | (0.02) | (0.27) | 12.56 | 4.62 | 0.797 | 0.697 | 3.457 | 4 | 7 | ||||||
| 08-31-20258 | 11.73 | 0.25 | 0.49 | 0.74 | (0.19) | - | (0.19) | 12.28 | 6.249 | 0.787 | 0.687 | 3.117 | 5 | 15 | ||||||
| 12-31-2024 | 11.52 | 0.41 | 0.24 | 0.65 | (0.43) | (0.01) | (0.44) | 11.73 | 5.68 | 0.77 | 0.68 | 3.51 | 5 | 16 | ||||||
| 12-31-2023 | 10.98 | 0.39 | 0.55 | 0.94 | (0.40) | -10 | (0.40) | 11.52 | 8.70 | 0.77 | 0.68 | 3.48 | 7 | 15 | ||||||
| 12-31-2022 | 13.28 | 0.38 | (1.99) | (1.61) | (0.38) | (0.31) | (0.69) | 10.98 | (12.09) | 0.77 | 0.68 | 3.16 | 6 | 14 | ||||||
| 12-31-2021 | 13.62 | 0.30 | 0.13 | 0.43 | (0.31) | (0.46) | (0.77) | 13.28 | 3.18 | 0.71 | 0.63 | 2.18 | 8 | 32 | ||||||
| 12-31-2020 | 13.01 | 0.33 | 0.84 | 1.17 | (0.30) | (0.26) | (0.56) | 13.62 | 9.26 | 0.75 | 0.67 | 2.53 | 9 | 20 | ||||||
| Class R4 | ||||||||||||||||||||
| 02-28-20266 | 12.27 | 0.24 | 0.32 | 0.56 | (0.26) | (0.02) | (0.28) | 12.55 | 4.66 | 0.657 | 0.467 | 3.627 | 2 | 7 | ||||||
| 08-31-20258 | 11.72 | 0.27 | 0.48 | 0.75 | (0.20) | - | (0.20) | 12.27 | 6.459 | 0.657 | 0.467 | 3.327 | 2 | 15 | ||||||
| 12-31-2024 | 11.51 | 0.45 | 0.23 | 0.68 | (0.46) | (0.01) | (0.47) | 11.72 | 5.91 | 0.65 | 0.46 | 3.86 | 2 | 16 | ||||||
| 12-31-2023 | 10.97 | 0.41 | 0.56 | 0.97 | (0.43) | -10 | (0.43) | 11.51 | 8.93 | 0.65 | 0.46 | 3.69 | 1 | 15 | ||||||
| 12-31-2022 | 13.27 | 0.41 | (1.99) | (1.58) | (0.41) | (0.31) | (0.72) | 10.97 | (11.90) | 0.64 | 0.45 | 3.39 | 2 | 14 | ||||||
| 12-31-2021 | 13.62 | 0.32 | 0.13 | 0.45 | (0.34) | (0.46) | (0.80) | 13.27 | 3.33 | 0.62 | 0.43 | 2.35 | 2 | 32 | ||||||
| 12-31-2020 | 12.99 | 0.26 | 0.96 | 1.22 | (0.33) | (0.26) | (0.59) | 13.62 | 9.61 | 0.62 | 0.43 | 1.97 | 3 | 20 | ||||||
| Class R5 | ||||||||||||||||||||
| 02-28-20266 | 12.28 | 0.26 | 0.32 | 0.58 | (0.28) | (0.02) | (0.30) | 12.56 | 4.76 | 0.357 | 0.267 | 4.027 | 2 | 7 | ||||||
| 08-31-20258 | 11.72 | 0.28 | 0.49 | 0.77 | (0.21) | - | (0.21) | 12.28 | 6.659 | 0.357 | 0.257 | 3.547 | 1 | 15 | ||||||
| 12-31-2024 | 11.52 | 0.47 | 0.22 | 0.69 | (0.48) | (0.01) | (0.49) | 11.72 | 6.03 | 0.35 | 0.26 | 3.98 | 1 | 16 | ||||||
| 12-31-2023 | 10.98 | 0.42 | 0.57 | 0.99 | (0.45) | -10 | (0.45) | 11.52 | 9.24 | 0.35 | 0.26 | 3.75 | 2 | 15 | ||||||
| 12-31-2022 | 13.28 | 0.43 | (1.99) | (1.56) | (0.43) | (0.31) | (0.74) | 10.98 | (11.79) | 0.34 | 0.25 | 3.56 | 2 | 14 | ||||||
| 12-31-2021 | 13.62 | 0.37 | 0.12 | 0.49 | (0.37) | (0.46) | (0.83) | 13.28 | 3.61 | 0.32 | 0.23 | 2.66 | 3 | 32 | ||||||
| 12-31-2020 | 13.00 | 0.29 | 0.94 | 1.23 | (0.35) | (0.26) | (0.61) | 13.62 | 9.74 | 0.31 | 0.23 | 2.24 | 3 | 20 | ||||||
| Class R6 | ||||||||||||||||||||
| 02-28-20266 | 12.27 | 0.26 | 0.32 | 0.58 | (0.28) | (0.02) | (0.30) | 12.55 | 4.79 | 0.307 | 0.217 | 3.887 | 30 | 7 | ||||||
| 08-31-20258 | 11.71 | 0.28 | 0.49 | 0.77 | (0.21) | - | (0.21) | 12.27 | 6.679 | 0.307 | 0.217 | 3.597 | 29 | 15 | ||||||
| 12-31-2024 | 11.51 | 0.48 | 0.21 | 0.69 | (0.48) | (0.01) | (0.49) | 11.71 | 6.08 | 0.30 | 0.21 | 4.10 | 27 | 16 | ||||||
| 12-31-2023 | 10.97 | 0.46 | 0.53 | 0.99 | (0.45) | -10 | (0.45) | 11.51 | 9.20 | 0.30 | 0.21 | 4.08 | 25 | 15 | ||||||
| 12-31-2022 | 13.27 | 0.43 | (1.98) | (1.55) | (0.44) | (0.31) | (0.75) | 10.97 | (11.67) | 0.29 | 0.20 | 3.63 | 15 | 14 | ||||||
| 12-31-2021 | 13.61 | 0.37 | 0.12 | 0.49 | (0.37) | (0.46) | (0.83) | 13.27 | 3.67 | 0.27 | 0.18 | 2.65 | 18 | 32 | ||||||
| 12-31-2020 | 12.99 | 0.28 | 0.96 | 1.24 | (0.36) | (0.26) | (0.62) | 13.61 | 9.80 | 0.27 | 0.18 | 2.15 | 21 | 20 | ||||||
| 25 | | |
Table of Contents
Multimanager Lifestyle Conservative Portfolio (continued)
| Per share operating performance for a share outstanding throughout each period | Ratios and supplemental data | |||||||||||||||||||
| Income (loss) from investment operations | Less distributions | Ratios to average net assets | ||||||||||||||||||
| Period ended |
Net asset value, beginning of period ($) |
Net investment income (loss) ($)1, 2 |
Net realized and unrealized gain (loss) on investments ($) |
Total from investment operations ($) |
From net investment income ($) |
From net realized gain ($) |
Total distributions ($) |
Net asset value, end of period ($) |
Total return (%)3, 4 |
Expenses before reductions (%)5 |
Expenses including reductions (%)5 |
Net investment income (loss) (%)2 |
Net assets, end of period (in millions) |
Portfolio turnover (%) |
||||||
| Class 1 | ||||||||||||||||||||
| 02-28-20266 | 12.27 | 0.25 | 0.34 | 0.59 | (0.28) | (0.02) | (0.30) | 12.56 | 4.85 | 0.357 | 0.257 | 3.857 | 919 | 7 | ||||||
| 08-31-20258 | 11.72 | 0.28 | 0.48 | 0.76 | (0.21) | - | (0.21) | 12.27 | 6.569 | 0.357 | 0.267 | 3.547 | 952 | 15 | ||||||
| 12-31-2024 | 11.52 | 0.47 | 0.22 | 0.69 | (0.48) | (0.01) | (0.49) | 11.72 | 6.12 | 0.34 | 0.25 | 3.98 | 968 | 16 | ||||||
| 12-31-2023 | 10.97 | 0.43 | 0.57 | 1.00 | (0.45) | -10 | (0.45) | 11.52 | 9.15 | 0.35 | 0.25 | 3.87 | 1,046 | 15 | ||||||
| 12-31-2022 | 13.27 | 0.43 | (1.98) | (1.55) | (0.44) | (0.31) | (0.75) | 10.97 | (11.72) | 0.33 | 0.24 | 3.59 | 1,112 | 14 | ||||||
| 12-31-2021 | 13.62 | 0.36 | 0.12 | 0.48 | (0.37) | (0.46) | (0.83) | 13.27 | 3.55 | 0.31 | 0.22 | 2.58 | 1,444 | 32 | ||||||
| 12-31-2020 | 12.99 | 0.29 | 0.96 | 1.25 | (0.36) | (0.26) | (0.62) | 13.62 | 9.85 | 0.30 | 0.22 | 2.20 | 1,599 | 20 | ||||||
| 1 Based on average daily shares outstanding. |
| 2 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests. |
| 3 Total returns would have been lower had certain expenses not been reduced during the applicable periods. |
| 4 Does not reflect the effect of sales charges, if any. |
| 5 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio. |
| 6 Six months ended 2-28-26. Unaudited. |
| 7 Annualized. |
| 8 For the eight-month period ended 8-31-25. The portfolio changed its fiscal year end from December 31 to August 31. |
| 9 Not annualized. |
| 10 Less than $0.005 per share. |
| | | 26 |
Table of Contents
Notes to financial statements (unaudited)
Note 1-Organization
John Hancock Funds II (the Trust) is an open-end management investment company organized as a Massachusetts business trust. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act). It is a series company with multiple investment series, five of which are presented in this report (collectively, Multimanager Lifestyle Portfolios, or the portfolios and individually, the portfolio). The portfolios operate as "funds of funds" that may invest in affiliated underlying funds of the Trust, other funds in the John Hancock group of funds complex, non-John Hancock funds and certain other permitted investments.
The portfolios may offer multiple classes of shares. The shares currently offered by the portfolios are detailed in the Statements of assets and liabilities. Class A and Class C shares are open to all investors. Class I shares are offered to institutions and certain investors. Class R2, Class R4 and Class R5 shares are available only to certain retirement and 529 plans. Class R6 shares are only available to certain retirement plans, institutions and other investors. Class 1 shares are offered only to certain affiliates of Manulife Financial Corporation (MFC). Class 5 shares are available only to the John Hancock Freedom 529 plans. Class C shares convert to Class A shares eight years after purchase (certain exclusions may apply). Shareholders of each class have exclusive voting rights to matters that affect that class. The distribution and service fees, if any, and transfer agent fees for each class may differ.
The investment objectives of portfolios are as follows:
Multimanager Lifestyle Aggressive Portfolio
To seek long-term growth of capital. Current income is not a consideration.
Multimanager Lifestyle Growth Portfolio
To seek long-term growth of capital. Current income is also a consideration.
Multimanager Lifestyle Balanced Portfolio
To seek a balance between a high level of current income and growth of capital, with a greater emphasis on growth of capital.
Multimanager Lifestyle Moderate Portfolio
To seek a balance between a high level of current income and growth of capital, with a greater emphasis on income.
Multimanager Lifestyle Conservative Portfolio
To seek a high level of current income with some consideration given to growth of capital.
The accounting policies of the underlying funds in which the portfolios invest are outlined in the underlying funds' shareholder reports, which include the underlying funds' financial statements. These are available on the Securities and Exchange Commission (SEC) website at sec.gov. John Hancock underlying funds' shareholder reports are also available without charge by calling 800-225-5291 or visiting jhinvestments.com. The underlying funds are not covered by this report.
Note 2-Significant accounting policies
The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (US GAAP), which require management to make certain estimates and assumptions as of the date of the financial statements. Actual results could differ from those estimates and those differences could be significant. The portfolios qualify as investment companies under Topic 946 of Accounting Standards Codification of US GAAP.
Events or transactions occurring after the end of the fiscal period through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the portfolios:
Security valuation. Investments are stated at value as of the scheduled close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 P.M., Eastern Time. In case of emergency or other disruption resulting in the NYSE not opening for trading or the NYSE closing at a time other than the regularly scheduled close, the net asset value (NAV) may be determined as of the regularly scheduled close of the NYSE pursuant to the Valuation Policies and Procedures of the Advisor, John Hancock Investment Management LLC, the portfolios' valuation designee.
In order to value the securities, the portfolios use the following valuation techniques: Investments in affiliated underlying funds and/or other open-end management investment companies, other than exchange-traded funds (ETFs), are valued at their respective NAVs each business day. Equity securities, including exchange-traded or closed-end funds, are typically valued at the last sale price or official closing price on the exchange or principal market where the security trades. In the event there were no sales during the day or closing prices are not available, the securities are valued using the last available bid price. Debt obligations are typically valued based on evaluated prices provided by an independent pricing vendor. Independent pricing vendors utilize matrix pricing, which takes into account factors such as institutional-size trading in similar groups of securities, yield, quality, coupon rate, maturity, type of issue, trading characteristics and other market data, as well as broker supplied prices.
In certain instances, the Pricing Committee of the Advisor may determine to value equity securities using prices obtained from another exchange or market if trading on the exchange or market on which prices are typically obtained did not open for trading as scheduled, or if trading closed earlier than scheduled, and trading occurred as normal on another exchange or market.
Other portfolio securities and assets, for which reliable market quotations are not readily available, are valued at fair value as determined in good faith by the Pricing Committee following procedures established by the Advisor and adopted by the Board of Trustees. The frequency with which these fair valuation procedures are used cannot be predicted and fair value of securities may differ significantly from the value that would have been used had a ready market for such securities existed.
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Trading in foreign securities may be completed before the scheduled daily close of trading on the NYSE. Significant events at the issuer or market level may affect the values of securities between the time when the valuation of the securities is generally determined and the close of the NYSE. If a significant event occurs, these securities may be fair valued, as determined in good faith by the Pricing Committee, following procedures established by the Advisor and adopted by the Board of Trustees. The Advisor uses fair value adjustment factors provided by an independent pricing vendor to value certain foreign securities in order to adjust for events that may occur between the close of foreign exchanges or markets and the close of the NYSE.
The portfolios use a three tier hierarchy to prioritize the pricing assumptions, referred to as inputs, used in valuation techniques to measure fair value. Level 1 includes securities valued using quoted prices in active markets for identical securities, including registered investment companies. Level 2 includes securities valued using other significant observable inputs. Observable inputs may include quoted prices for similar securities, interest rates, prepayment speeds and credit risk. Prices for securities valued using these inputs are received from independent pricing vendors and brokers and are based on an evaluation of the inputs described. Level 3 includes securities valued using significant unobservable inputs when market prices are not readily available or reliable, including the Advisor's assumptions in determining the fair value of investments. Factors used in determining value may include market or issuer specific events or trends, changes in interest rates and credit quality. The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. Changes in valuation techniques and related inputs may result in transfers into or out of an assigned level within the disclosure hierarchy.
The following is a summary of the values by input classification of the portfolios' investments as of February 28, 2026, by major security category or type:
|
Total value at 2-28-26 |
Level 1 quoted price |
Level 2 significant observable inputs |
Level 3 significant unobservable inputs |
|
| Multimanager Lifestyle Aggressive Portfolio | ||||
| Investments in securities: | ||||
| Assets | ||||
| Affiliated investment companies | $3,364,074,005 | $3,364,074,005 | - | - |
| Common stocks | 123,743 | 18,262 | $17,581 | $87,900 |
| U.S. Government and Agency obligations | 20,137,416 | - | 20,137,416 | - |
| Warrants | 3,799 | 2,994 | 805 | - |
| Rights | - | - | - | - |
| Short-term investments | 35,716 | 35,716 | - | - |
| Total investments in securities | $3,384,374,679 | $3,364,130,977 | $20,155,802 | $87,900 |
| Multimanager Lifestyle Growth Portfolio | ||||
| Investments in securities: | ||||
| Assets | ||||
| Affiliated investment companies | $8,512,027,493 | $8,512,027,493 | - | - |
| Common stocks | 274,123 | 38,461 | $36,967 | $198,695 |
| U.S. Government and Agency obligations | 225,125,358 | - | 225,125,358 | - |
| Warrants | 8,006 | 6,305 | 1,701 | - |
| Rights | - | - | - | - |
| Short-term investments | 101,446 | 101,446 | - | - |
| Total investments in securities | $8,737,536,426 | $8,512,173,705 | $225,164,026 | $198,695 |
| Multimanager Lifestyle Balanced Portfolio | ||||
| Investments in securities: | ||||
| Assets | ||||
| Affiliated investment companies | $7,087,608,270 | $7,087,608,270 | - | - |
| Common stocks | 157,237 | 18,318 | $17,629 | $121,290 |
| U.S. Government and Agency obligations | 360,807,053 | - | 360,807,053 | - |
| Warrants | 3,825 | 3,004 | 821 | - |
| Rights | - | - | - | - |
| Short-term investments | 11,265,848 | 11,265,848 | - | - |
| Total investments in securities | $7,459,842,233 | $7,098,895,440 | $360,825,503 | $121,290 |
| Multimanager Lifestyle Moderate Portfolio | ||||
| Investments in securities: | ||||
| Assets |
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|
Total value at 2-28-26 |
Level 1 quoted price |
Level 2 significant observable inputs |
Level 3 significant unobservable inputs |
|
| Multimanager Lifestyle Moderate Portfolio (continued) | ||||
| Affiliated investment companies | $1,920,050,106 | $1,920,050,106 | - | - |
| Common stocks | 28,394 | 3,950 | $3,805 | $20,639 |
| U.S. Government and Agency obligations | 135,454,333 | - | 135,454,333 | - |
| Warrants | 819 | 648 | 171 | - |
| Rights | - | - | - | - |
| Short-term investments | 3,123,050 | 3,123,050 | - | - |
| Total investments in securities | $2,058,656,702 | $1,923,177,754 | $135,458,309 | $20,639 |
| Multimanager Lifestyle Conservative Portfolio | ||||
| Investments in securities: | ||||
| Assets | ||||
| Affiliated investment companies | $1,384,568,210 | $1,384,568,210 | - | - |
| U.S. Government and Agency obligations | 152,541,677 | - | $152,541,677 | - |
| Short-term investments | 29,088 | 29,088 | - | - |
| Total investments in securities | $1,537,138,975 | $1,384,597,298 | $152,541,677 | - |
Level 3 includes securities valued at $0. Refer to Portfolios' investments.
Inflation-indexed bonds. Inflation-indexed bonds are securities that generally have a lower coupon interest rate fixed at issuance but whose principal value is periodically adjusted based on a rate of inflation, such as the Consumer Price Index. Over the life of an inflation-indexed bond, interest is paid on the inflation adjusted principal value as described above. Increases in the principal amount of these securities are recorded as interest income. Decreases in the principal amount of these securities may reduce interest income to the extent of income previously recorded. If these decreases are in excess of income previously recorded, an adjustment to the cost of the security is made.
Stripped securities. Stripped securities are financial instruments structured to separate principal and interest cash flows so that one class receives principal payments from the underlying assets (PO or principal only), while the other class receives the interest cash flows (IO or interest only). Both PO and IO investments represent an interest in the cash flows of an underlying stripped security. If the underlying assets experience greater than anticipated prepayments of principal, the portfolios may fail to fully recover its initial investment in an IO security. The market value of these securities can be extremely volatile in response to changes in interest rates or prepayments on the underlying securities. In addition, these securities present additional credit risk such that the portfolios may not receive all or part of its principal or interest payments because the borrower or issuer has defaulted on its obligation.
Security transactions and related investment income. Investment security transactions are accounted for on a trade date plus one basis for daily NAV calculations. However, for financial reporting purposes, investment transactions are reported on trade date. Interest income is accrued as earned. Interest income includes coupon interest and amortization/accretion of premiums/discounts on debt securities. Debt obligations may be placed in a non-accrual status and related interest income may be reduced by stopping current accruals and writing off interest receivable when the collection of all or a portion of interest has become doubtful. Capital gain distributions from underlying funds are recorded on ex-date and reflected as realized gains. Dividend income is recorded on ex-date, except for dividends of certain foreign securities where the dividend may not be known until after the ex-date. In those cases, dividend income, net of withholding taxes, is recorded when the portfolio becomes aware of the dividends. Non-cash dividends, if any, are recorded at the fair market value of the securities received. Gains and losses on securities sold are determined on the basis of identified cost and may include proceeds from litigation. Return of capital distributions from underlying funds, if any, are treated as a reduction of cost.
Foreign investing. Assets, including investments, and liabilities denominated in foreign currencies are translated into U.S. dollar values each day at the prevailing exchange rate. Purchases and sales of securities, income and expenses are translated into U.S. dollars at the prevailing exchange rate on the date of the transaction. The effect of changes in foreign currency exchange rates on the value of securities is reflected as a component of the realized and unrealized gains (losses) on investments. Foreign investments are subject to a decline in the value of a foreign currency versus the U.S. dollar, which reduces the dollar value of securities denominated in that currency.
Portfolios that invest internationally generally carry more risk than portfolios that invest strictly in U.S. securities. These risks are heightened for investments in emerging markets. Risks can result from differences in economic and political conditions, regulations, market practices (including higher transaction costs), accounting standards and other factors.
Overdraft. The portfolios may have the ability to borrow from banks for temporary or emergency purposes, including meeting redemption requests that otherwise might require the untimely sale of securities. Pursuant to the portfolios' custodian agreement, the custodian may loan money to the portfolios to make properly authorized payments. The portfolios are obligated to repay the custodian for any overdraft, including any related costs or expenses. The custodian may have a lien, security interest or security entitlement in any portfolio property that is not otherwise segregated or pledged, to the extent of any overdraft, and to the maximum extent permitted by law. Overdrafts at period end, if any, are presented under the caption Due to custodian in the Statements of assets and liabilities.
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Line of credit. The portfolios and other affiliated funds have entered into a syndicated line of credit agreement with Citibank, N.A. as the administrative agent that enables them to participate in a $1 billion unsecured committed line of credit, which is in effect through July 13, 2026 unless extended or renewed. Excluding commitments designated for certain funds and subject to the needs of all other affiliated funds, a portfolio can borrow up to an aggregate commitment amount of $750 million, subject to asset coverage and other limitations as specified in the agreement. A commitment fee payable at the end of each calendar quarter, based on the average daily unused portion of each line of credit, is charged to each participating portfolio based on an asset-based allocation and is reflected in Other expenses on the Statements of operations. For the six months ended February 28, 2026, the portfolios had no borrowings under the line of credit.
Commitment fees for the six months ended February 28, 2026 were as follows:
| Portfolio | Commitment fee |
| Multimanager Lifestyle Aggressive Portfolio | $8,073 |
| Multimanager Lifestyle Growth Portfolio | 21,668 |
| Multimanager Lifestyle Balanced Portfolio | 18,918 |
| Multimanager Lifestyle Moderate Portfolio | 5,330 |
| Multimanager Lifestyle Conservative Portfolio | 4,007 |
Expenses. Within the John Hancock group of funds complex, expenses that are directly attributable to an individual portfolio are allocated to such portfolio. Expenses that are not readily attributable to a specific portfolio are allocated among all portfolios in an equitable manner, taking into consideration, among other things, the nature and type of expense and each portfolio's relative net assets. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.
Class allocations. Income, common expenses and realized and unrealized gains (losses) are determined at the portfolio level and allocated daily to each class of shares based on the net assets of the class. Class-specific expenses, such as distribution and service fees, if any, and transfer agent fees, for all classes, are charged daily at the class level based on the net assets of each class and the specific expense rates applicable to each class.
Federal income taxes. Each portfolio intends to continue to qualify as a regulated investment company by complying with the applicable provisions of the Internal Revenue Code and will not be subject to federal income tax on taxable income that is distributed to shareholders. Therefore, no federal income tax provision is required.
For federal income tax purposes, as of August 31, 2025, certain portfolios have capital loss carryforwards available to offset future net realized capital gains. The following table details the capital loss carryforwards available as of August 31, 2025:
| No Expiration Date | ||
| Portfolio | Short Term | Long Term |
| Multimanager Lifestyle Conservative Portfolio | $1,997,713 | $25,152,237 |
As of August 31, 2025, the portfolios had no uncertain tax positions that would require financial statement recognition, derecognition or disclosure. The portfolios' federal tax returns are subject to examination by the Internal Revenue Service for a period of three years.
For federal income tax purposes, the costs of investments owned on February 28, 2026, including short-term investments, were as follows:
| Portfolio |
Aggregate cost |
Unrealized appreciation |
Unrealized (depreciation) |
Net unrealized appreciation/ (depreciation) |
| Multimanager Lifestyle Aggressive Portfolio | $2,497,438,305 | $894,373,956 | $(7,437,582) | $886,936,374 |
| Multimanager Lifestyle Growth Portfolio | 6,868,294,331 | 1,914,259,019 | (45,016,924) | 1,869,242,095 |
| Multimanager Lifestyle Balanced Portfolio | 6,376,807,762 | 1,171,775,946 | (88,741,475) | 1,083,034,471 |
| Multimanager Lifestyle Moderate Portfolio | 1,915,451,607 | 185,683,107 | (42,478,012) | 143,205,095 |
| Multimanager Lifestyle Conservative Portfolio | 1,546,183,242 | 32,262,110 | (41,306,377) | (9,044,267) |
Distribution of income and gains. Distributions to shareholders from net investment income and net realized gains, if any, are recorded on the ex-date. The Multimanager Lifestyle Aggressive Portfolio and Multimanager Lifestyle Growth Portfolio generally declare and pay dividends and capital gain distributions, if any, at least annually. The Multimanager Lifestyle Balanced Portfolio, Multimanager Lifestyle Moderate Portfolio and Multimanager Lifestyle Conservative Portfolio generally declare and pay dividends quarterly and capital gain distributions, if any, at least annually.
Distributions paid by the portfolios with respect to each class of shares are calculated in the same manner, at the same time and in the same amount, except for the effect of class level expenses that may be applied differently to each class.
Such distributions, on a tax basis, if any, are determined in conformity with income tax regulations, which may differ from US GAAP. Distributions in excess of tax basis earnings and profits, if any, are reported in the portfolios' financial statements as a return of capital. The final determination of tax characteristics of the portfolios' distribution will occur at the end of the year and will subsequently be reported to shareholders. Short-term gains from underlying funds are treated as ordinary income for tax purposes.
Capital accounts within the financial statements are adjusted for permanent book-tax differences at fiscal year end. These adjustments have no impact on net assets or the results of operations. Temporary book-tax differences, if any, will reverse in a subsequent period. Book-tax differences are primarily attributable to wash sale loss deferrals.
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Note 3-Guarantees and indemnifications
Under the Trust's organizational documents, its Officers and Trustees are indemnified against certain liabilities arising out of the performance of their duties to the Trust, including the portfolios. Additionally, in the normal course of business, the Trust enters into contracts with service providers that contain general indemnification clauses. The Trust's maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Trust that have not yet occurred. The risk of material loss from such claims is considered remote.
Note 4-Fees and transactions with affiliates
John Hancock Investment Management LLC (the Advisor) serves as investment advisor for the portfolios. John Hancock Investment Management Distributors LLC (the Distributor), an affiliate of the Advisor, serves as principal underwriter of the portfolios. The Advisor and the Distributor are indirect, principally owned subsidiaries of John Hancock Life Insurance Company (U.S.A.), which in turn is a subsidiary of Manulife Financial Corporation.
Management fee. The portfolios have an investment management agreement with the Advisor under which the portfolios pay a daily management fee to the Advisor as detailed below. The Advisor has a subadvisory agreement with Manulife Investment Management (US) LLC, an indirect, wholly owned subsidiary of MFC and an affiliate of the Advisor. The portfolios are not responsible for payment of the subadvisory fees.
The management fee has two components: (1) a fee on assets invested in a fund of John Hancock Funds II (JHF II) or John Hancock Funds III (JHF III); and (2) a fee on assets invested in investments other than a fund of JHF II or JHF III (Other assets). Aggregate net assets include the net assets of the portfolios, similar portfolios of John Hancock Variable Insurance Trust (JHVIT), and similar portfolios of the Trust. JHVIT funds are advised by an affiliate of the Advisor, John Hancock Variable Trust Advisers LLC and are distributed by an affiliate of the Advisor, John Hancock Distributors, LLC.
Management fees are determined in accordance with the following schedule:
| First $7.5 billion of aggregate net assets | Excess over $7.5 billion of aggregate net assets | |
| Assets in a fund of the Trust or JHF III | 0.050% | 0.040% |
| Other assets | 0.500% | 0.490% |
The Advisor voluntarily agreed to waive its advisory fee for each portfolio so that the aggregate advisory fee retained by the Advisor with respect to both the portfolio and its underlying investments (after payment of subadvisory fees) does not exceed 0.50% of the portfolio's first $7.5 billion of average net assets and 0.49% of the portfolio's average net assets in excess of $7.5 billion. This voluntary waiver may be amended or terminated at any time by the Advisor upon notice to the portfolio.
For the six months ended February 28, 2026, the expense reductions under these agreements amounted to the following and are reflected as a reduction of total expenses in the Statements of operations:
| Expense reimbursement by class | ||||||||||
| Portfolio | Class A | Class C | Class I | Class R2 | Class R4 | Class R5 | Class R6 | Class 1 | Class 5 | Total |
| Multimanager Lifestyle Aggressive Portfolio | $553,693 | $25,813 | $8,338 | $11,322 | $1,236 | $3,779 | $69,905 | $2,280,807 | - | $2,954,893 |
| Multimanager Lifestyle Growth Portfolio | 1,552,631 | 57,316 | 24,532 | 19,003 | 2,372 | 5,776 | 118,412 | 4,818,624 | $348,980 | 6,947,646 |
| Multimanager Lifestyle Balanced Portfolio | 1,178,937 | 28,005 | 22,334 | 8,868 | 2,501 | 6,273 | 96,840 | 3,580,375 | 115,008 | 5,039,141 |
| Multimanager Lifestyle Moderate Portfolio | 361,301 | 10,470 | 12,197 | 3,751 | 298 | 6,145 | 30,138 | 746,817 | 31,954 | 1,203,071 |
| Multimanager Lifestyle Conservative Portfolio | 261,465 | 6,534 | 6,775 | 2,197 | 1,113 | 612 | 14,089 | 439,602 | - | 732,387 |
Expenses waived or reimbursed in the current fiscal period are not subject to recapture in future fiscal periods.
The investment management fees, including the impact of the waivers and reimbursements as described above, incurred for the six months ended February 28, 2026, were equivalent to a net annual effective rate of the portfolios' average daily net assets as follows:
| Portfolio | Net Annual Effective Rate |
| Multimanager Lifestyle Aggressive Portfolio | 0.07% |
| Multimanager Lifestyle Growth Portfolio | 0.09% |
| Multimanager Lifestyle Balanced Portfolio | 0.11% |
| Portfolio | Net Annual Effective Rate |
| Multimanager Lifestyle Moderate Portfolio | 0.13% |
| Multimanager Lifestyle Conservative Portfolio | 0.16% |
Accounting and legal services. Pursuant to a service agreement, the portfolios reimburse the Advisor for all expenses associated with providing the administrative, financial, legal, compliance, accounting and recordkeeping services to the portfolios, including the preparation of all tax returns, periodic reports to shareholders and regulatory reports, among other services. These expenses are allocated to each share class based on its relative net assets at the time the expense was incurred. These accounting and legal services fees incurred, for the six months ended February 28, 2026, amounted to an annual rate of 0.02% of the portfolios' average daily net assets.
Distribution and service plans. The portfolios have a distribution agreement with the Distributor. The portfolios have adopted distribution and service plans for certain classes as detailed below pursuant to Rule 12b-1 under the 1940 Act, to pay the Distributor for services provided as the distributor of shares of the portfolios. In addition, under a service plan for certain classes as detailed below, the portfolios pay for certain other services. The portfolios may pay up to the following contractual rates of distribution and service fees under these arrangements, expressed as an annual percentage of average daily net assets for each class of the portfolios' shares:
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| Class | Rule 12b-1 Fee | Service fee |
| Class A | 0.30% | - |
| Class C | 1.00% | - |
| Class R2 | 0.25% | 0.25% |
| Class R4 | 0.25% | 0.10% |
| Class R5 | - | 0.05% |
| Class 1 | 0.05% | - |
The portfolios' Distributor has contractually agreed to waive 0.10% of Rule 12b-1 fees for Class R4 shares. The current waiver agreement expires on December 31, 2026, unless renewed by mutual agreement of the portfolios and the Distributor based upon a determination that this is appropriate under the circumstances at the time. This contractual waiver amounted to the following for Class R4 shares for the six months ended February 28, 2026:
| Portfolio | Class R4 |
| Multimanager Lifestyle Aggressive Portfolio | $686 |
| Multimanager Lifestyle Growth Portfolio | 1,461 |
| Multimanager Lifestyle Balanced Portfolio | 1,823 |
| Portfolio | Class R4 |
| Multimanager Lifestyle Moderate Portfolio | $255 |
| Multimanager Lifestyle Conservative Portfolio | 1,180 |
Sales charges. Class A shares are assessed up-front sales charges of up to 4.50% of net asset value for such shares. The following table summarizes the net up-front sales charges received by the Distributor during the six months ended February 28, 2026:
| Portfolio |
Total net sales charges |
Retained for printing prospectus, advertising and sales literature |
Sales commission to unrelated broker-dealers |
| Multimanager Lifestyle Aggressive Portfolio | $59,875 | $6,021 | $53,854 |
| Multimanager Lifestyle Growth Portfolio | 152,302 | 17,550 | 134,752 |
| Multimanager Lifestyle Balanced Portfolio | 84,384 | 9,929 | 74,455 |
| Multimanager Lifestyle Moderate Portfolio | 38,018 | 2,635 | 35,383 |
| Multimanager Lifestyle Conservative Portfolio | 27,818 | 3,090 | 24,728 |
Class A and Class C shares may be subject to contingent deferred sales charges (CDSCs). Certain Class A shares purchased, including those that are acquired through purchases of $250,000 or more, and redeemed within one year of purchase are subject to a 1.00% CDSC. Class C shares that are redeemed within one year of purchase are subject to a 1.00% CDSC. CDSCs are applied to the lesser of the current market value at the time of redemption or the original purchase cost of the shares being redeemed. Proceeds from CDSCs are used to compensate the Distributor for providing distribution-related services in connection with the sale of these shares. During the six months ended February 28, 2026, CDSCs received by the Distributor for Class A and Class C shares were as follows:
| Portfolio | Class A | Class C |
| Multimanager Lifestyle Aggressive Portfolio | $2,614 | $1,853 |
| Multimanager Lifestyle Growth Portfolio | 11,730 | 3,905 |
| Multimanager Lifestyle Balanced Portfolio | 3,928 | 1,868 |
| Multimanager Lifestyle Moderate Portfolio | 1,427 | 1,396 |
| Multimanager Lifestyle Conservative Portfolio | 5,145 | 641 |
Transfer agent fees. The John Hancock group of funds has a complex-wide transfer agent agreement with John Hancock Signature Services, Inc. (Signature Services), an affiliate of the Advisor. The transfer agent fees paid to Signature Services are determined based on the cost to Signature Services (Signature Services Cost) of providing recordkeeping services. It also includes out-of-pocket expenses, including payments made to third-parties for recordkeeping services provided to their clients who invest in one or more John Hancock funds. In addition, Signature Services Cost may be reduced by certain fees that Signature Services receives in connection with retirement and small accounts. Signature Services Cost is calculated monthly and allocated, as applicable, to three categories of share classes: Retail Share Classes of Non-Municipal Bond Funds, Retirement Share Classes and Retail Share Classes of Municipal Bond Funds. Within each of these categories, the applicable costs are allocated to the affected John Hancock affiliated funds and/or classes, based on the relative average daily net assets.
Class level expenses. Class level expenses for the six months ended February 28, 2026 were as follows:
| Portfolio | Class | Distribution and service fees | Transfer agent fees |
| Multimanager Lifestyle Aggressive Portfolio | Class A | $921,274 | $334,147 |
| Class C | 143,314 | 15,594 | |
| Class I | - | 5,033 | |
| Class R2 | 31,405 | 325 | |
| Class R4 | 2,395 | 36 | |
| Class R5 | 1,044 | 108 | |
| Class R6 | - | 2,012 | |
| Class 1 | 632,663 | - | |
| Total | $1,732,095 | $357,255 |
| | JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS | 32 |
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| Portfolio | Class | Distribution and service fees | Transfer agent fees |
| Multimanager Lifestyle Growth Portfolio | Class A | $2,868,060 | $1,040,223 |
| Class C | 353,056 | 38,411 | |
| Class I | - | 16,429 | |
| Class R2 | 57,991 | 607 | |
| Class R4 | 5,090 | 76 | |
| Class R5 | 1,777 | 184 | |
| Class R6 | - | 3,784 | |
| Class 1 | 1,483,926 | - | |
| Total | $4,769,900 | $1,099,714 | |
| Multimanager Lifestyle Balanced Portfolio | Class A | $2,577,724 | $934,915 |
| Class C | 204,220 | 22,214 | |
| Class I | - | 17,700 | |
| Class R2 | 32,276 | 333 | |
| Class R4 | 6,348 | 95 | |
| Class R5 | 2,237 | 238 | |
| Class R6 | - | 3,655 | |
| Class 1 | 1,304,895 | - | |
| Total | $4,127,700 | $979,150 | |
| Multimanager Lifestyle Moderate Portfolio | Class A | $927,565 | $336,404 |
| Class C | 89,643 | 9,750 | |
| Class I | - | 11,359 | |
| Class R2 | 15,999 | 165 | |
| Class R4 | 893 | 13 | |
| Class R5 | 2,621 | 271 | |
| Class R6 | - | 1,336 | |
| Class 1 | 319,585 | - | |
| Total | $1,356,306 | $359,298 | |
| Multimanager Lifestyle Conservative Portfolio | Class A | $830,953 | $301,342 |
| Class C | 69,254 | 7,534 | |
| Class I | - | 7,804 | |
| Class R2 | 11,282 | 120 | |
| Class R4 | 4,132 | 61 | |
| Class R5 | 319 | 34 | |
| Class R6 | - | 775 | |
| Class 1 | 232,837 | - | |
| Total | $1,148,777 | $317,670 |
Trustee expenses. The portfolios compensate each Trustee who is not an employee of the Advisor or its affiliates. The costs of paying Trustee compensation and expenses are allocated to each portfolio based on their net assets relative to other funds within the John Hancock group of funds complex.
Note 5-Portfolio share transactions
Transactions in portfolios' shares for the six months ended February 28, 2026, period ended August 31, 2025 and the year ended December 31, 2024 were as follows:
| Multimanager Lifestyle Aggressive Portfolio | Six Months Ended 2-28-26 | Period Ended 8-31-251 | Year Ended 12-31-24 | |||
| Shares | Amount | Shares | Amount | Shares | Amount | |
| Class A shares | ||||||
| Sold | 1,238,744 | $20,061,524 | 1,287,202 | $19,195,087 | 2,028,051 | $28,999,360 |
| Distributions reinvested | 5,334,605 | 79,752,347 | - | - | 1,004,231 | 14,661,793 |
| Repurchased | (2,859,008) | (46,334,630) | (3,503,225) | (52,402,153) | (5,858,632) | (84,017,931) |
| Net increase (decrease) | 3,714,341 | $53,479,241 | (2,216,023) | $(33,207,066) | (2,826,350) | $(40,356,778) |
| Class C shares | ||||||
| Sold | 115,554 | $1,862,568 | 181,107 | $2,686,351 | 289,141 | $4,149,703 |
| Distributions reinvested | 240,599 | 3,604,167 | - | - | 39,072 | 572,008 |
| Repurchased | (338,363) | (5,370,331) | (446,521) | (6,642,621) | (813,981) | (11,593,084) |
| Net increase (decrease) | 17,790 | $96,404 | (265,414) | $(3,956,270) | (485,768) | $(6,871,373) |
| 33 | JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS | |
Table of Contents
| Multimanager Lifestyle Aggressive Portfolio , Cont'd | Six Months Ended 2-28-26 | Period Ended 8-31-251 | Year Ended 12-31-24 | |||
| Shares | Amount | Shares | Amount | Shares | Amount | |
| Class I shares | ||||||
| Sold | 214,544 | $3,462,098 | 116,068 | $1,720,279 | 201,223 | $2,857,001 |
| Distributions reinvested | 68,766 | 1,022,554 | - | - | 12,562 | 182,526 |
| Repurchased | (155,383) | (2,511,616) | (129,376) | (1,898,827) | (253,641) | (3,629,332) |
| Net increase (decrease) | 127,927 | $1,973,036 | (13,308) | $(178,548) | (39,856) | $(589,805) |
| Class R2 shares | ||||||
| Sold | 45,839 | $743,280 | 56,070 | $817,786 | 116,219 | $1,643,196 |
| Distributions reinvested | 112,821 | 1,662,985 | - | - | 23,720 | 342,043 |
| Repurchased | (144,203) | (2,296,201) | (205,751) | (3,070,007) | (154,704) | (2,222,029) |
| Net increase (decrease) | 14,457 | $110,064 | (149,681) | $(2,252,221) | (14,765) | $(236,790) |
| Class R4 shares | ||||||
| Sold | 13,959 | $228,209 | 17,775 | $265,022 | 6,530 | $92,123 |
| Distributions reinvested | 12,083 | 179,077 | - | - | 2,153 | 31,197 |
| Repurchased | (23,800) | (388,786) | (9,808) | (143,037) | (26,208) | (380,128) |
| Net increase (decrease) | 2,242 | $18,500 | 7,967 | $121,985 | (17,525) | $(256,808) |
| Class R5 shares | ||||||
| Sold | 34,532 | $545,692 | 15,228 | $227,069 | 29,337 | $420,784 |
| Distributions reinvested | 36,974 | 550,547 | - | - | 8,367 | 121,744 |
| Repurchased | (82,971) | (1,338,840) | (27,717) | (405,048) | (62,718) | (879,655) |
| Net decrease | (11,465) | $(242,601) | (12,489) | $(177,979) | (25,014) | $(337,127) |
| Class R6 shares | ||||||
| Sold | 520,594 | $8,344,755 | 851,944 | $12,736,895 | 1,302,777 | $18,674,660 |
| Distributions reinvested | 623,248 | 9,267,696 | - | - | 125,047 | 1,816,939 |
| Repurchased | (688,328) | (10,892,805) | (916,664) | (13,835,878) | (2,128,562) | (30,231,171) |
| Net increase (decrease) | 455,514 | $6,719,646 | (64,720) | $(1,098,983) | (700,738) | $(9,739,572) |
| Class 1 shares | ||||||
| Sold | 873,257 | $13,793,134 | 709,912 | $10,534,895 | 1,484,458 | $21,474,370 |
| Distributions reinvested | 22,812,932 | 338,087,650 | - | - | 5,048,887 | 73,158,368 |
| Repurchased | (13,416,919) | (216,360,919) | (16,680,052) | (248,764,855) | (23,338,031) | (332,771,213) |
| Net increase (decrease) | 10,269,270 | $135,519,865 | (15,970,140) | $(238,229,960) | (16,804,686) | $(238,138,475) |
| Total net increase (decrease) | 14,590,076 | $197,674,155 | (18,683,808) | $(278,979,042) | (20,914,702) | $(296,526,728) |
| 1 | For the eight-month period ended 8-31-25. The portfolio changed its fiscal year end from December 31 to August 31. |
| Multimanager Lifestyle Growth Portfolio | Six Months Ended 2-28-26 | Period Ended 8-31-251 | Year Ended 12-31-24 | |||
| Shares | Amount | Shares | Amount | Shares | Amount | |
| Class A shares | ||||||
| Sold | 2,881,421 | $44,741,474 | 3,654,814 | $52,858,906 | 7,136,332 | $99,198,189 |
| Distributions reinvested | 15,357,344 | 222,527,917 | - | - | 3,225,188 | 45,571,918 |
| Repurchased | (8,437,611) | (131,515,094) | (13,078,192) | (188,851,908) | (20,426,259) | (284,584,603) |
| Net increase (decrease) | 9,801,154 | $135,754,297 | (9,423,378) | $(135,993,002) | (10,064,739) | $(139,814,496) |
| Class C shares | ||||||
| Sold | 198,421 | $3,083,795 | 333,419 | $4,799,813 | 521,058 | $7,205,262 |
| Distributions reinvested | 537,780 | 7,792,427 | - | - | 99,242 | 1,402,290 |
| Repurchased | (768,621) | (11,930,841) | (1,125,521) | (16,205,960) | (2,218,178) | (30,632,270) |
| Net decrease | (32,420) | $(1,054,619) | (792,102) | $(11,406,147) | (1,597,878) | $(22,024,718) |
| | JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS | 34 |
Table of Contents
| Multimanager Lifestyle Growth Portfolio , Cont'd | Six Months Ended 2-28-26 | Period Ended 8-31-251 | Year Ended 12-31-24 | |||
| Shares | Amount | Shares | Amount | Shares | Amount | |
| Class I shares | ||||||
| Sold | 336,373 | $5,175,079 | 644,600 | $9,228,058 | 878,639 | $12,243,935 |
| Distributions reinvested | 252,106 | 3,617,725 | - | - | 53,457 | 748,400 |
| Repurchased | (379,626) | (5,825,441) | (703,327) | (10,093,620) | (1,150,488) | (16,052,062) |
| Net increase (decrease) | 208,853 | $2,967,363 | (58,727) | $(865,562) | (218,392) | $(3,059,727) |
| Class R2 shares | ||||||
| Sold | 69,106 | $1,072,228 | 76,379 | $1,095,469 | 120,018 | $1,641,539 |
| Distributions reinvested | 194,557 | 2,780,219 | - | - | 39,423 | 549,957 |
| Repurchased | (74,173) | (1,160,204) | (207,585) | (2,971,546) | (604,283) | (8,497,021) |
| Net increase (decrease) | 189,490 | $2,692,243 | (131,206) | $(1,876,077) | (444,842) | $(6,305,525) |
| Class R4 shares | ||||||
| Sold | 11,700 | $185,177 | 9,003 | $130,918 | 29,535 | $409,758 |
| Distributions reinvested | 24,606 | 355,807 | - | - | 7,294 | 102,848 |
| Repurchased | (15,574) | (238,791) | (104,551) | (1,468,560) | (14,967) | (215,272) |
| Net increase (decrease) | 20,732 | $302,193 | (95,548) | $(1,337,642) | 21,862 | $297,334 |
| Class R5 shares | ||||||
| Sold | 17,404 | $269,599 | 26,151 | $381,282 | 266,725 | $3,838,959 |
| Distributions reinvested | 61,647 | 895,734 | - | - | 15,757 | 223,114 |
| Repurchased | (133,647) | (2,021,682) | (111,413) | (1,599,961) | (197,505) | (2,813,919) |
| Net increase (decrease) | (54,596) | $(856,349) | (85,262) | $(1,218,679) | 84,977 | $1,248,154 |
| Class R6 shares | ||||||
| Sold | 988,116 | $15,156,759 | 1,630,353 | $23,457,562 | 2,627,085 | $36,823,881 |
| Distributions reinvested | 1,029,846 | 14,809,182 | - | - | 239,636 | 3,359,700 |
| Repurchased | (1,818,866) | (27,723,238) | (1,948,189) | (28,170,022) | (3,249,691) | (45,385,065) |
| Net increase (decrease) | 199,096 | $2,242,703 | (317,836) | $(4,712,460) | (382,970) | $(5,201,484) |
| Class 1 shares | ||||||
| Sold | 332,013 | $5,227,640 | 477,336 | $6,844,615 | 1,023,771 | $14,228,010 |
| Distributions reinvested | 49,845,302 | 716,775,440 | - | - | 12,252,212 | 171,776,011 |
| Repurchased | (35,659,101) | (551,271,142) | (44,389,123) | (641,850,096) | (61,089,867) | (847,031,124) |
| Net increase (decrease) | 14,518,214 | $170,731,938 | (43,911,787) | $(635,005,481) | (47,813,884) | $(661,027,103) |
| Class 5 shares | ||||||
| Sold | 158,166 | $2,474,718 | 299,823 | $4,202,806 | 639,267 | $8,931,803 |
| Distributions reinvested | 3,673,929 | 52,684,142 | - | - | 823,525 | 11,521,115 |
| Repurchased | (983,450) | (15,193,176) | (1,469,098) | (21,361,007) | (2,162,705) | (29,968,890) |
| Net increase (decrease) | 2,848,645 | $39,965,684 | (1,169,275) | $(17,158,201) | (699,913) | $(9,515,972) |
| Total net increase (decrease) | 27,699,168 | $352,745,453 | (55,985,121) | $(809,573,251) | (61,115,779) | $(845,403,537) |
| 1 | For the eight-month period ended 8-31-25. The portfolio changed its fiscal year end from December 31 to August 31. |
| Multimanager Lifestyle Balanced Portfolio | Six Months Ended 2-28-26 | Period Ended 8-31-251 | Year Ended 12-31-24 | |||
| Shares | Amount | Shares | Amount | Shares | Amount | |
| Class A shares | ||||||
| Sold | 2,477,654 | $36,087,536 | 3,166,329 | $43,579,848 | 6,150,219 | $81,987,939 |
| Distributions reinvested | 11,168,206 | 154,719,853 | 774,009 | 10,676,104 | 3,212,142 | 43,206,841 |
| Repurchased | (8,865,279) | (129,044,578) | (14,101,313) | (193,659,458) | (22,082,866) | (293,248,712) |
| Net increase (decrease) | 4,780,581 | $61,762,811 | (10,160,975) | $(139,403,506) | (12,720,505) | $(168,053,932) |
| 35 | JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS | |
Table of Contents
| Multimanager Lifestyle Balanced Portfolio , Cont'd | Six Months Ended 2-28-26 | Period Ended 8-31-251 | Year Ended 12-31-24 | |||
| Shares | Amount | Shares | Amount | Shares | Amount | |
| Class C shares | ||||||
| Sold | 122,822 | $1,798,447 | 250,032 | $3,417,600 | 304,152 | $4,022,280 |
| Distributions reinvested | 253,387 | 3,503,761 | 9,370 | 129,347 | 66,837 | 898,547 |
| Repurchased | (526,256) | (7,669,400) | (879,037) | (12,003,778) | (1,783,209) | (23,626,782) |
| Net decrease | (150,047) | $(2,367,192) | (619,635) | $(8,456,831) | (1,412,220) | $(18,705,955) |
| Class I shares | ||||||
| Sold | 461,154 | $6,612,562 | 834,210 | $11,359,462 | 972,726 | $12,788,481 |
| Distributions reinvested | 203,691 | 2,792,623 | 15,151 | 207,038 | 54,352 | 724,089 |
| Repurchased | (468,449) | (6,748,217) | (656,627) | (8,943,513) | (1,252,906) | (16,475,854) |
| Net increase (decrease) | 196,396 | $2,656,968 | 192,734 | $2,622,987 | (225,828) | $(2,963,284) |
| Class R2 shares | ||||||
| Sold | 43,911 | $632,026 | 74,971 | $1,015,530 | 125,224 | $1,645,060 |
| Distributions reinvested | 82,479 | 1,131,294 | 6,653 | 90,952 | 31,214 | 416,153 |
| Repurchased | (214,887) | (3,139,794) | (313,078) | (4,282,376) | (564,929) | (7,556,840) |
| Net decrease | (88,497) | $(1,376,474) | (231,454) | $(3,175,894) | (408,491) | $(5,495,627) |
| Class R4 shares | ||||||
| Sold | 4,186 | $61,064 | 11,751 | $160,984 | 30,431 | $404,663 |
| Distributions reinvested | 24,040 | 331,939 | 1,848 | 25,381 | 9,824 | 131,641 |
| Repurchased | (22,827) | (333,076) | (126,606) | (1,704,850) | (78,415) | (1,037,440) |
| Net increase (decrease) | 5,399 | $59,927 | (113,007) | $(1,518,485) | (38,160) | $(501,136) |
| Class R5 shares | ||||||
| Sold | 168,372 | $2,473,358 | 31,232 | $429,199 | 62,272 | $823,473 |
| Distributions reinvested | 65,226 | 903,076 | 4,332 | 59,712 | 22,597 | 303,490 |
| Repurchased | (44,369) | (629,228) | (250,715) | (3,401,501) | (273,920) | (3,707,259) |
| Net increase (decrease) | 189,229 | $2,747,206 | (215,151) | $(2,912,590) | (189,051) | $(2,580,296) |
| Class R6 shares | ||||||
| Sold | 642,346 | $9,163,633 | 1,814,535 | $24,587,627 | 2,031,651 | $26,913,221 |
| Distributions reinvested | 829,488 | 11,365,959 | 74,997 | 1,023,510 | 258,425 | 3,440,212 |
| Repurchased | (1,902,690) | (27,070,785) | (2,183,837) | (29,856,940) | (2,622,494) | (34,747,029) |
| Net decrease | (430,856) | $(6,541,193) | (294,305) | $(4,245,803) | (332,418) | $(4,393,596) |
| Class 1 shares | ||||||
| Sold | 785,810 | $11,411,042 | 1,118,797 | $15,186,147 | 1,803,688 | $23,690,323 |
| Distributions reinvested | 35,437,593 | 485,574,908 | 3,152,438 | 42,992,337 | 11,916,755 | 158,519,880 |
| Repurchased | (30,608,136) | (441,157,007) | (42,569,996) | (579,027,322) | (59,349,178) | (782,325,123) |
| Net increase (decrease) | 5,615,267 | $55,828,943 | (38,298,761) | $(520,848,838) | (45,628,735) | $(600,114,920) |
| Class 5 shares | ||||||
| Sold | 230,589 | $3,339,720 | 197,254 | $2,641,673 | 370,919 | $4,876,072 |
| Distributions reinvested | 1,148,854 | 15,752,954 | 99,566 | 1,359,417 | 354,119 | 4,714,451 |
| Repurchased | (546,217) | (7,876,233) | (872,456) | (11,976,535) | (1,290,152) | (17,052,390) |
| Net increase (decrease) | 833,226 | $11,216,441 | (575,636) | $(7,975,445) | (565,114) | $(7,461,867) |
| Total net increase (decrease) | 10,950,698 | $123,987,437 | (50,316,190) | $(685,914,405) | (61,520,522) | $(810,270,613) |
| 1 | For the eight-month period ended 8-31-25. The portfolio changed its fiscal year end from December 31 to August 31. |
| | JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS | 36 |
Table of Contents
| Multimanager Lifestyle Moderate Portfolio | Six Months Ended 2-28-26 | Period Ended 8-31-251 | Year Ended 12-31-24 | |||
| Shares | Amount | Shares | Amount | Shares | Amount | |
| Class A shares | ||||||
| Sold | 1,285,266 | $16,896,496 | 1,592,681 | $19,881,094 | 3,506,560 | $43,013,750 |
| Distributions reinvested | 2,564,667 | 32,883,975 | 522,514 | 6,559,414 | 1,579,681 | 19,426,917 |
| Repurchased | (4,390,812) | (57,710,588) | (5,498,427) | (68,741,764) | (10,490,706) | (128,166,542) |
| Net decrease | (540,879) | $(7,930,117) | (3,383,232) | $(42,301,256) | (5,404,465) | $(65,725,875) |
| Class C shares | ||||||
| Sold | 68,966 | $913,623 | 93,253 | $1,173,872 | 240,582 | $2,937,387 |
| Distributions reinvested | 68,962 | 889,870 | 11,791 | 149,098 | 47,454 | 587,140 |
| Repurchased | (335,924) | (4,453,762) | (468,552) | (5,883,332) | (935,087) | (11,485,874) |
| Net decrease | (197,996) | $(2,650,269) | (363,508) | $(4,560,362) | (647,051) | $(7,961,347) |
| Class I shares | ||||||
| Sold | 153,660 | $1,999,787 | 440,027 | $5,454,653 | 993,599 | $12,036,293 |
| Distributions reinvested | 85,930 | 1,091,692 | 16,464 | 204,927 | 47,535 | 579,568 |
| Repurchased | (286,524) | (3,710,431) | (331,889) | (4,112,982) | (807,165) | (9,871,455) |
| Net increase (decrease) | (46,934) | $(618,952) | 124,602 | $1,546,598 | 233,969 | $2,744,406 |
| Class R2 shares | ||||||
| Sold | 11,325 | $148,216 | 27,145 | $340,221 | 39,868 | $483,239 |
| Distributions reinvested | 27,008 | 345,042 | 6,049 | 75,628 | 18,658 | 228,395 |
| Repurchased | (119,023) | (1,559,146) | (60,343) | (759,746) | (154,473) | (1,919,492) |
| Net decrease | (80,690) | $(1,065,888) | (27,149) | $(343,897) | (95,947) | $(1,207,858) |
| Class R4 shares | ||||||
| Sold | 880 | $11,512 | 2,368 | $29,352 | 10,217 | $123,636 |
| Distributions reinvested | 2,241 | 28,490 | 470 | 5,852 | 2,253 | 27,426 |
| Repurchased | (870) | (11,457) | (22,712) | (275,701) | (43,152) | (529,143) |
| Net increase (decrease) | 2,251 | $28,545 | (19,874) | $(240,497) | (30,682) | $(378,081) |
| Class R5 shares | ||||||
| Sold | 48,032 | $627,455 | 83,329 | $1,023,690 | 148,151 | $1,805,314 |
| Distributions reinvested | 53,869 | 685,020 | 11,842 | 147,507 | 33,223 | 405,113 |
| Repurchased | (564,940) | (7,275,781) | (120,650) | (1,505,176) | (283,462) | (3,426,645) |
| Net decrease | (463,039) | $(5,963,306) | (25,479) | $(333,979) | (102,088) | $(1,216,218) |
| Class R6 shares | ||||||
| Sold | 816,270 | $10,510,392 | 1,406,465 | $17,361,157 | 1,092,783 | $13,300,360 |
| Distributions reinvested | 179,732 | 2,278,764 | 41,821 | 519,117 | 90,285 | 1,098,409 |
| Repurchased | (610,026) | (7,889,919) | (734,972) | (9,087,210) | (1,158,973) | (14,063,628) |
| Net increase | 385,976 | $4,899,237 | 713,314 | $8,793,064 | 24,095 | $335,141 |
| Class 1 shares | ||||||
| Sold | 711,141 | $9,307,051 | 953,549 | $11,783,115 | 2,420,703 | $29,789,749 |
| Distributions reinvested | 5,690,460 | 72,367,630 | 1,348,060 | 16,777,393 | 3,983,075 | 48,579,811 |
| Repurchased | (9,842,454) | (128,298,021) | (13,208,753) | (164,285,460) | (19,003,849) | (229,978,639) |
| Net decrease | (3,440,853) | $(46,623,340) | (10,907,144) | $(135,724,952) | (12,600,071) | $(151,609,079) |
| Class 5 shares | ||||||
| Sold | 105,243 | $1,374,085 | 160,337 | $1,989,078 | 189,162 | $2,263,592 |
| Distributions reinvested | 246,353 | 3,125,386 | 56,674 | 703,512 | 158,430 | 1,927,507 |
| Repurchased | (296,323) | (3,857,311) | (370,991) | (4,607,827) | (663,895) | (8,028,490) |
| Net increase (decrease) | 55,273 | $642,160 | (153,980) | $(1,915,237) | (316,303) | $(3,837,391) |
| Total net decrease | (4,326,891) | $(59,281,930) | (14,042,450) | $(175,080,518) | (18,938,543) | $(228,856,302) |
| 1 | For the eight-month period ended 8-31-25. The portfolio changed its fiscal year end from December 31 to August 31. |
| 37 | JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS | |
Table of Contents
| Multimanager Lifestyle Conservative Portfolio | Six Months Ended 2-28-26 | Period Ended 8-31-251 | Year Ended 12-31-24 | |||
| Shares | Amount | Shares | Amount | Shares | Amount | |
| Class A shares | ||||||
| Sold | 1,402,817 | $17,434,264 | 2,537,159 | $30,147,327 | 5,329,076 | $62,804,121 |
| Distributions reinvested | 958,801 | 11,837,486 | 727,106 | 8,704,775 | 1,841,294 | 21,710,533 |
| Repurchased | (4,614,877) | (57,321,414) | (6,759,588) | (80,736,158) | (13,146,794) | (154,655,074) |
| Net decrease | (2,253,259) | $(28,049,664) | (3,495,323) | $(41,884,056) | (5,976,424) | $(70,140,420) |
| Class C shares | ||||||
| Sold | 34,118 | $424,236 | 102,749 | $1,225,213 | 99,784 | $1,170,560 |
| Distributions reinvested | 20,924 | 258,326 | 15,509 | 185,711 | 45,952 | 541,629 |
| Repurchased | (190,445) | (2,366,784) | (298,369) | (3,555,933) | (721,008) | (8,461,741) |
| Net decrease | (135,403) | $(1,684,222) | (180,111) | $(2,145,009) | (575,272) | $(6,749,552) |
| Class I shares | ||||||
| Sold | 372,009 | $4,616,280 | 408,879 | $4,899,006 | 369,386 | $4,334,547 |
| Distributions reinvested | 24,866 | 306,408 | 14,533 | 173,557 | 35,495 | 417,605 |
| Repurchased | (213,281) | (2,652,767) | (333,449) | (3,977,730) | (517,183) | (6,073,348) |
| Net increase (decrease) | 183,594 | $2,269,921 | 89,963 | $1,094,833 | (112,302) | $(1,321,196) |
| Class R2 shares | ||||||
| Sold | 9,510 | $117,843 | 19,081 | $227,246 | 33,358 | $390,768 |
| Distributions reinvested | 8,633 | 106,380 | 6,582 | 78,642 | 17,123 | 201,480 |
| Repurchased | (134,221) | (1,665,370) | (38,111) | (452,925) | (199,673) | (2,346,609) |
| Net decrease | (116,078) | $(1,441,147) | (12,448) | $(147,037) | (149,192) | $(1,754,361) |
| Class R4 shares | ||||||
| Sold | 4,962 | $61,468 | 50,769 | $618,168 | 34,567 | $402,779 |
| Distributions reinvested | 4,419 | 54,405 | 2,570 | 30,683 | 6,426 | 75,564 |
| Repurchased | (19,805) | (246,133) | (21,205) | (252,943) | (3,106) | (37,077) |
| Net increase (decrease) | (10,424) | $(130,260) | 32,134 | $395,908 | 37,887 | $441,266 |
| Class R5 shares | ||||||
| Sold | 64,119 | $799,256 | 9,416 | $112,305 | 92,456 | $1,094,792 |
| Distributions reinvested | 2,771 | 34,117 | 1,706 | 20,370 | 4,767 | 56,236 |
| Repurchased | (39,536) | (490,970) | (17,140) | (202,794) | (132,104) | (1,565,911) |
| Net increase (decrease) | 27,354 | $342,403 | (6,018) | $(70,119) | (34,881) | $(414,883) |
| Class R6 shares | ||||||
| Sold | 377,138 | $4,666,478 | 493,465 | $5,868,527 | 1,198,596 | $14,105,286 |
| Distributions reinvested | 40,706 | 500,930 | 31,601 | 377,038 | 61,361 | 721,100 |
| Repurchased | (384,355) | (4,772,661) | (505,316) | (6,012,410) | (1,088,569) | (12,757,953) |
| Net increase | 33,489 | $394,747 | 19,750 | $233,155 | 171,388 | $2,068,433 |
| Class 1 shares | ||||||
| Sold | 1,064,566 | $13,185,465 | 2,169,376 | $25,825,530 | 3,524,993 | $41,317,302 |
| Distributions reinvested | 1,828,649 | 22,514,447 | 1,412,950 | 16,863,406 | 3,497,679 | 41,123,493 |
| Repurchased | (7,258,337) | (89,977,939) | (8,621,102) | (102,736,385) | (15,214,866) | (178,662,228) |
| Net decrease | (4,365,122) | $(54,278,027) | (5,038,776) | $(60,047,449) | (8,192,194) | $(96,221,433) |
| Total net decrease | (6,635,849) | $(82,576,249) | (8,590,829) | $(102,569,774) | (14,830,990) | $(174,092,146) |
| 1 | For the eight-month period ended 8-31-25. The portfolio changed its fiscal year end from December 31 to August 31. |
Affiliates of the Trust owned shares of the following classes of the portfolios on February 28, 2026. Such concentration of shareholders' capital could have a material effect on the portfolios if such shareholders redeem from the portfolios.
| Portfolio | Class | % by Class |
| Multimanager Lifestyle Aggressive Portfolio | Class R6 | 4% |
| Multimanager Lifestyle Aggressive Portfolio | Class 1 | 100% |
| | JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS | 38 |
Table of Contents
| Portfolio | Class | % by Class |
| Multimanager Lifestyle Growth Portfolio | Class R6 | 2% |
| Multimanager Lifestyle Growth Portfolio | Class 1 | 100% |
| Multimanager Lifestyle Growth Portfolio | Class 5 | 100% |
| Multimanager Lifestyle Balanced Portfolio | Class 1 | 100% |
| Multimanager Lifestyle Balanced Portfolio | Class 5 | 100% |
| Multimanager Lifestyle Moderate Portfolio | Class 1 | 100% |
| Multimanager Lifestyle Moderate Portfolio | Class 5 | 100% |
| Multimanager Lifestyle Conservative Portfolio | Class 1 | 100% |
Note 6-Purchase and sale of securities
Purchases and sales of securities, other than short-term investments, amounted to the following for the six months ended February 28, 2026:
| Purchases | Sales | |||
| Portfolio | U.S. Government | Other issuers | U.S. Government | Other issuers |
| Multimanager Lifestyle Aggressive Portfolio | $2,445,810 | $292,345,462 | $3,244,534 | $302,358,534 |
| Multimanager Lifestyle Growth Portfolio | 44,310,161 | 651,399,669 | 41,627,038 | 797,825,288 |
| Multimanager Lifestyle Balanced Portfolio | 66,301,976 | 492,162,338 | 68,062,175 | 657,016,671 |
| Multimanager Lifestyle Moderate Portfolio | 23,820,760 | 133,622,776 | 25,767,936 | 216,276,747 |
| Multimanager Lifestyle Conservative Portfolio | 25,399,311 | 82,521,883 | 29,517,122 | 148,034,230 |
Note 7-Investment in affiliated underlying funds
The portfolios invest primarily in affiliated underlying funds that are managed by the Advisor and its affiliates. The portfolios do not invest in the affiliated underlying funds for the purpose of exercising management or control; however, the portfolios' investment may represent a significant portion of each affiliated underlying funds' net assets. At February 28, 2026, the following portfolios held 5% or more of the net assets of the affiliated underlying funds shown below:
| Portfolio | Affiliated Fund |
Percentage of underlying fund net assets |
| Multimanager Lifestyle Aggressive Portfolio | ||
| JHF II Mid Value Fund | 17.4% | |
| JHF Diversified Real Assets Fund | 16.6% | |
| JHF II Capital Appreciation Value | 12.1% | |
| JHF Emerging Markets Equity Fund | 12.1% | |
| JHF Mid Cap Growth Fund | 11.9% | |
| JHF Small Cap Core Fund | 7.3% | |
| JHF II International Strategic Equity Allocation Fund | 7.2% | |
| JHF International Dynamic Growth Fund | 7.1% | |
| JHF II Blue Chip Growth Fund | 6.8% | |
| Multimanager Lifestyle Growth Portfolio | ||
| JHF II Mid Value Fund | 36.6% | |
| JHF Diversified Real Assets Fund | 33.7% | |
| JHF II Capital Appreciation Value | 25.9% | |
| JHF II Global Equity Fund | 25.5% | |
| JHF Mid Cap Growth Fund | 25.1% | |
| JHF Emerging Markets Equity Fund | 23.0% | |
| JHF II International Strategic Equity Allocation Fund | 16.2% | |
| JHF II Blue Chip Growth Fund | 15.8% | |
| JHF International Dynamic Growth Fund | 15.2% | |
| JHF Small Cap Core Fund | 14.7% | |
| JHF II Floating Rate Income Fund | 13.4% | |
| JHF Disciplined Value International Fund | 11.3% | |
| JHF II Emerging Markets Debt Fund | 10.0% | |
| JHF Fundamental Large Cap Core Fund | 8.5% | |
| JHF Short Duration Bond Fund | 8.4% | |
| JHF II Strategic Income Opportunities Fund | 8.2% | |
| JHF II U.S. Sector Rotation Fund | 7.9% | |
| JHF High Yield Fund | 7.3% | |
| JHF III Disciplined Value Fund | 5.4% | |
| Multimanager Lifestyle Balanced Portfolio | ||
| JHF II Multi-Asset High Income Fund | 33.1% | |
| JHF II Capital Appreciation Value | 27.8% |
| 39 | JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS | |
Table of Contents
| Portfolio | Affiliated Fund |
Percentage of underlying fund net assets |
| JHF II Mid Value Fund | 24.1% | |
| JHF II Floating Rate Income Fund | 23.0% | |
| JHF Diversified Real Assets Fund | 21.3% | |
| JHF II Global Equity Fund | 20.5% | |
| JHF II Strategic Income Opportunities Fund | 18.9% | |
| JHF II Emerging Markets Debt Fund | 16.7% | |
| JHF II Core Bond Fund | 16.1% | |
| JHF Short Duration Bond Fund | 16.0% | |
| JHF Mid Cap Growth Fund | 15.8% | |
| JHF Emerging Markets Equity Fund | 13.5% | |
| JHF High Yield Fund | 12.6% | |
| JHF International Dynamic Growth Fund | 9.8% | |
| JHF II International Strategic Equity Allocation Fund | 9.2% | |
| JHF II Blue Chip Growth Fund | 9.0% | |
| JHF Small Cap Core Fund | 8.7% | |
| JHF II U.S. Sector Rotation Fund | 8.5% | |
| JHF Disciplined Value International Fund | 7.1% | |
| JHF Diversified Macro Fund | 5.7% | |
| Multimanager Lifestyle Moderate Portfolio | ||
| JHF II Multi-Asset High Income Fund | 26.9% | |
| JHF II Core Bond Fund | 12.5% | |
| JHF II Floating Rate Income Fund | 9.6% | |
| JHF Short Duration Bond Fund | 7.5% | |
| JHF II Emerging Markets Debt Fund | 6.9% | |
| JHF II Capital Appreciation Value | 6.7% | |
| JHF II Strategic Income Opportunities Fund | 6.2% | |
| JHF High Yield Fund | 5.4% | |
| Multimanager Lifestyle Conservative Portfolio | ||
| JHF II Multi-Asset High Income Fund | 26.7% | |
| JHF II Core Bond Fund | 13.6% | |
| JHF II Floating Rate Income Fund | 9.5% | |
| JHF Short Duration Bond Fund | 7.8% | |
| JHF II Emerging Markets Debt Fund | 6.7% | |
| JHF II Strategic Income Opportunities Fund | 5.7% | |
| JHF High Yield Fund | 5.5% |
Information regarding the portfolios' fiscal year to date purchases and sales of the affiliated underlying funds as well as income and capital gains earned by the portfolios, if any, is as follows:
| Dividends and distributions | |||||||||
| Affiliate |
Ending share amount |
Beginning value |
Cost of purchases |
Proceeds from shares sold |
Realized gain (loss) |
Change in unrealized appreciation (depreciation) |
Income distributions received |
Capital gain distributions received |
Ending value |
| Multimanager Lifestyle Aggressive Portfolio | |||||||||
| Blue Chip Growth | 6,101,711 | $385,700,595 | $38,877,538 | $(9,625,807) | $7,436,362 | $(45,852,072) | - | $33,989,037 | $376,536,616 |
| Capital Appreciation Value | 15,321,060 | 134,996,120 | 18,287,876 | (4,960,308) | 104,456 | (15,900,972) | $2,413,585 | 15,874,292 | 132,527,172 |
| Disciplined Value | 17,091,898 | 429,787,040 | 31,767,106 | (34,789,271) | 7,724,631 | 22,206,019 | 3,945,136 | 23,813,701 | 456,695,525 |
| Disciplined Value International | 17,838,799 | 297,357,638 | 25,200,522 | (28,746,201) | 7,435,522 | 33,943,558 | 7,216,549 | 17,983,973 | 335,191,039 |
| Diversified Macro | 1,734,732 | 24,445,280 | 62,265 | (9,830,506) | (930,211) | 1,779,019 | 62,266 | - | 15,525,847 |
| Diversified Real Assets | 8,458,861 | 123,777,554 | 19,580,314 | (35,541,892) | 8,356,506 | 3,182,049 | 4,482,783 | 15,097,531 | 119,354,531 |
| | JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS | 40 |
Table of Contents
| 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 |
| Emerging Markets Debt | 2,067,024 | $15,839,989 | $1,259,232 | $(585,624) | $37,599 | $563,766 | $470,283 | - | $17,114,962 |
| Emerging Markets Equity | 12,305,926 | 142,762,793 | 3,020,112 | (17,363,004) | 3,790,610 | 20,013,792 | 3,020,112 | - | 152,224,303 |
| Fundamental Large Cap Core | 4,223,189 | 301,054,187 | 31,447,732 | (15,140,731) | 4,924,982 | (28,690,056) | 1,638,189 | $29,638,553 | 293,596,114 |
| High Yield | 4,981,653 | 7,947,308 | 7,499,121 | (126,344) | (1,258) | (124,785) | 314,332 | - | 15,194,042 |
| International Dynamic Growth | 14,211,077 | 224,996,517 | 8,288,150 | (18,726,073) | 7,252,420 | 35,267,373 | 1,882,657 | 4,935,533 | 257,078,387 |
| International Strategic Equity Allocation | 26,945,143 | 312,677,485 | 33,743,426 | (27,032,963) | 5,835,269 | 46,080,848 | 9,051,709 | - | 371,304,065 |
| John Hancock Collateral Trust | 3,571 | 1,225 | 5,837,023 | (5,802,537) | 6 | (1) | 1,831 | - | 35,716 |
| Mid Cap Growth | 8,032,882 | 142,397,100 | 13,844,897 | (64,363) | 9,788 | (9,747,976) | - | 13,437,152 | 146,439,446 |
| Mid Value | 14,296,075 | 225,453,976 | 22,100,057 | (23,842,826) | 1,106,175 | 4,920,540 | 3,004,877 | 19,095,180 | 229,737,922 |
| Multifactor Emerging Markets ETF | 2,195,740 | 65,960,377 | 5,606,628 | (5,477,389) | 1,202,520 | 15,816,623 | 1,029,387 | - | 83,108,759 |
| Short Duration Bond | 2,855,178 | 54,705,694 | 1,771,138 | (29,514,069) | 226,749 | (293,738) | 855,859 | - | 26,895,774 |
| Small Cap Core | 8,243,521 | 141,415,245 | 6,844,612 | (9,810,669) | 1,653,961 | 3,416,544 | 248,292 | 5,916,069 | 143,519,693 |
| U.S. Sector Rotation | 14,171,942 | 198,180,119 | 23,144,733 | (31,174,888) | 9,076,057 | (7,196,213) | 1,663,337 | 10,559,752 | 192,029,808 |
| $65,242,144 | $79,384,318 | $41,301,184 | $190,340,773 | $3,364,109,721 | |||||
| Multimanager Lifestyle Growth Portfolio | |||||||||
| Blue Chip Growth | 14,080,579 | $902,544,077 | $83,224,009 | $(28,700,955) | $22,235,262 | $(110,389,864) | - | $78,489,385 | $868,912,529 |
| Bond | 38,150,308 | 539,566,194 | 12,586,464 | (32,372,943) | (4,949,918) | 14,696,475 | $12,586,860 | - | 529,526,272 |
| Capital Appreciation Value | 32,789,985 | 301,138,856 | 41,166,732 | (23,240,181) | (1,574,323) | (33,857,712) | 5,433,074 | 35,733,657 | 283,633,372 |
| Disciplined Value | 38,059,456 | 960,721,417 | 65,993,675 | (76,712,059) | 26,408,850 | 40,536,783 | 8,739,146 | 52,751,390 | 1,016,948,666 |
| Disciplined Value International | 41,849,674 | 704,998,100 | 59,488,625 | (76,403,251) | 20,821,701 | 77,450,197 | 17,035,464 | 42,453,161 | 786,355,372 |
| Diversified Macro | 4,975,271 | 106,411,806 | 270,276 | (64,376,725) | (7,208,526) | 9,431,847 | 270,275 | - | 44,528,678 |
| Diversified Real Assets | 17,180,912 | 259,009,733 | 41,045,793 | (80,919,616) | 18,774,517 | 4,512,235 | 9,397,162 | 31,648,631 | 242,422,662 |
| Emerging Markets Debt | 17,908,812 | 138,559,054 | 11,088,096 | (6,599,616) | (902,389) | 6,139,819 | 4,077,858 | - | 148,284,964 |
| Emerging Markets Equity | 23,444,961 | 274,539,008 | 5,810,002 | (35,931,239) | 8,010,268 | 37,586,127 | 5,810,002 | - | 290,014,166 |
| Floating Rate Income | 16,774,394 | 125,132,460 | 6,619,628 | (4,444,055) | (157,983) | (4,193,739) | 4,046,422 | - | 122,956,311 |
| Fundamental Large Cap Core | 7,278,246 | 522,068,517 | 53,672,981 | (28,993,852) | 10,637,240 | (51,401,254) | 2,811,242 | 50,861,740 | 505,983,632 |
| 41 | JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS | |
Table of Contents
| 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 |
| Global Equity | 16,381,619 | $233,269,379 | $18,695,218 | $(37,678,338) | $5,327,283 | $6,288,978 | $2,924,727 | $15,770,491 | $225,902,520 |
| High Yield | 35,915,643 | 108,211,906 | 3,639,408 | (1,230,629) | (108,669) | (969,305) | 3,639,407 | - | 109,542,711 |
| International Dynamic Growth | 30,354,875 | 482,426,079 | 15,045,048 | (39,439,873) | 15,399,137 | 75,689,303 | 4,034,579 | 10,576,968 | 549,119,694 |
| International Strategic Equity Allocation | 60,347,995 | 705,427,277 | 74,517,054 | (65,559,061) | 14,685,992 | 102,524,108 | 20,417,567 | - | 831,595,370 |
| John Hancock Collateral Trust | 10,142 | 1,311 | 16,586,560 | (16,486,418) | (4) | (3) | 7,640 | - | 101,446 |
| Mid Cap Growth | 16,948,859 | 306,784,020 | 28,425,858 | (5,746,444) | 964,301 | (21,450,039) | - | 28,425,858 | 308,977,696 |
| Mid Value | 30,077,319 | 480,662,875 | 47,009,566 | (57,201,960) | 2,768,460 | 10,103,583 | 6,391,747 | 40,617,818 | 483,342,524 |
| Multifactor Emerging Markets ETF | 4,255,595 | 126,225,115 | 12,319,306 | (10,342,759) | 2,324,560 | 30,548,049 | 1,972,733 | - | 161,074,271 |
| Short Duration Bond | 13,460,633 | 134,346,190 | 5,275,974 | (12,676,366) | 308,975 | (455,610) | 3,139,414 | - | 126,799,163 |
| Small Cap Core | 16,756,436 | 291,600,705 | 14,946,021 | (25,530,694) | 4,711,730 | 6,001,791 | 507,998 | 12,104,098 | 291,729,553 |
| Strategic Income Opportunities | 17,862,697 | 195,440,961 | 3,637,549 | (15,666,497) | 155,519 | 3,276,274 | 3,637,550 | - | 186,843,806 |
| U.S. Sector Rotation | 29,338,270 | 414,463,109 | 46,922,383 | (68,046,371) | 19,963,426 | (15,768,986) | 3,456,481 | 21,943,587 | 397,533,561 |
| $158,595,409 | $186,299,057 | $120,337,348 | $421,376,784 | $8,512,128,939 | |||||
| Multimanager Lifestyle Balanced Portfolio | |||||||||
| Blue Chip Growth | 7,998,257 | $512,175,198 | $49,882,593 | $(18,494,823) | $14,578,244 | $(64,568,776) | - | $44,584,691 | $493,572,436 |
| Bond | 51,034,698 | 699,858,430 | 16,730,787 | (21,037,406) | (3,216,105) | 16,025,896 | $16,730,978 | - | 708,361,602 |
| Capital Appreciation Value | 35,183,653 | 331,589,785 | 44,951,248 | (33,552,037) | (2,600,695) | (36,049,704) | 5,932,544 | 39,018,705 | 304,338,597 |
| Core Bond | 24,472,035 | 278,229,602 | 6,674,379 | (14,073,268) | (1,207,215) | 4,952,739 | 6,674,380 | - | 274,576,237 |
| Disciplined Value | 21,977,409 | 551,712,192 | 40,730,635 | (43,760,657) | 20,043,245 | 18,510,948 | 4,970,153 | 30,000,925 | 587,236,363 |
| Disciplined Value International | 26,198,445 | 446,323,671 | 37,348,373 | (53,220,008) | 15,378,164 | 46,438,584 | 10,695,270 | 26,653,104 | 492,268,784 |
| Diversified Macro | 5,903,341 | 111,205,185 | 323,237 | (61,479,530) | (5,006,717) | 7,792,725 | 323,236 | - | 52,834,900 |
| Diversified Real Assets | 10,888,400 | 169,949,899 | 26,383,807 | (57,241,009) | 13,083,352 | 1,459,274 | 6,040,398 | 20,343,410 | 153,635,323 |
| Emerging Markets Debt | 29,888,398 | 241,501,652 | 10,212,948 | (13,174,114) | (2,117,266) | 11,052,718 | 6,981,282 | - | 247,475,938 |
| Emerging Markets Equity | 13,707,947 | 164,030,967 | 3,857,880 | (25,232,186) | 5,800,001 | 21,110,641 | 3,439,096 | - | 169,567,303 |
| Floating Rate Income | 28,705,129 | 221,503,844 | 7,021,143 | (10,613,601) | (285,704) | (7,217,087) | 7,021,143 | - | 210,408,595 |
| Fundamental Large Cap Core | 3,819,919 | 276,183,891 | 28,217,424 | (17,509,742) | 6,323,632 | (27,654,406) | 1,477,950 | 26,739,474 | 265,560,799 |
| Global Equity | 13,179,118 | 197,171,864 | 15,514,402 | (40,781,526) | 6,382,506 | 3,452,790 | 2,427,112 | 13,087,290 | 181,740,036 |
| High Yield | 62,040,059 | 190,277,008 | 6,312,639 | (5,495,248) | (481,752) | (1,390,468) | 6,312,638 | - | 189,222,179 |
| | JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS | 42 |
Table of Contents
| 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 |
| International Dynamic Growth | 19,546,185 | $312,647,910 | $14,700,645 | $(33,009,516) | $12,695,149 | $46,556,294 | $2,628,847 | $6,891,731 | $353,590,482 |
| International Strategic Equity Allocation | 34,293,138 | 402,124,779 | 48,232,426 | (43,966,243) | 10,102,672 | 56,065,804 | 11,483,896 | - | 472,559,438 |
| John Hancock Collateral Trust | 1,126,247 | 1,305 | 28,578,434 | (17,314,180) | 294 | (5) | 21,703 | - | 11,265,848 |
| Mid Cap Growth | 10,681,751 | 195,892,598 | 18,741,591 | (7,030,696) | 2,157,336 | (15,032,515) | - | 17,938,186 | 194,728,314 |
| Mid Value | 19,799,421 | 316,207,415 | 30,248,785 | (37,080,966) | 3,187,375 | 5,614,082 | 4,112,835 | 26,135,951 | 318,176,691 |
| Multi-Asset High Income | 3,626,020 | 37,385,227 | 1,012,108 | (1,662,224) | 29,729 | 1,272,109 | 1,012,109 | - | 38,036,949 |
| Multifactor Emerging Markets ETF | 2,861,307 | 75,447,675 | 19,939,025 | (6,808,534) | 1,499,605 | 18,222,699 | 1,172,025 | - | 108,300,470 |
| Short Duration Bond | 25,702,164 | 265,518,547 | 6,408,134 | (29,523,639) | (1,605,070) | 1,316,412 | 6,408,134 | - | 242,114,384 |
| Small Cap Core | 9,916,584 | 165,442,680 | 10,345,802 | (9,190,906) | 1,579,336 | 4,470,807 | 282,624 | 6,734,109 | 172,647,719 |
| Strategic Income Opportunities | 41,233,053 | 435,781,701 | 8,315,124 | (20,614,207) | 111,234 | 7,703,887 | 8,315,124 | - | 431,297,739 |
| U.S. Sector Rotation | 31,391,660 | 433,084,358 | 40,057,202 | (52,458,960) | 14,663,878 | (9,989,486) | 3,504,956 | 22,251,333 | 425,356,992 |
| $111,095,228 | $110,115,962 | $117,968,433 | $280,378,909 | $7,098,874,118 | |||||
| Multimanager Lifestyle Moderate Portfolio | |||||||||
| Blue Chip Growth | 1,277,771 | $78,515,873 | $12,517,773 | $(4,489,371) | $3,775,043 | $(11,468,092) | - | $6,904,985 | $78,851,226 |
| Bond | 18,672,567 | 265,419,666 | 6,234,144 | (17,266,013) | (2,636,433) | 7,423,870 | $6,234,183 | - | 259,175,234 |
| Capital Appreciation Value | 8,514,592 | 89,199,645 | 11,920,887 | (17,248,128) | (942,068) | (9,279,117) | 1,573,287 | 10,347,600 | 73,651,219 |
| Core Bond | 18,951,473 | 217,428,217 | 5,210,314 | (12,945,333) | (1,735,164) | 4,677,495 | 5,210,314 | - | 212,635,529 |
| Disciplined Value | 3,685,314 | 98,365,744 | 7,628,567 | (14,281,418) | 3,279,470 | 3,479,231 | 888,986 | 5,366,114 | 98,471,594 |
| Disciplined Value International | 4,338,375 | 75,892,112 | 6,401,995 | (11,176,574) | 2,955,562 | 7,444,963 | 1,833,308 | 4,568,687 | 81,518,058 |
| Diversified Macro | 1,584,603 | 31,580,315 | 92,933 | (18,253,593) | (1,241,598) | 2,004,143 | 92,933 | - | 14,182,200 |
| Diversified Real Assets | 2,190,386 | 31,798,527 | 4,931,969 | (8,972,966) | 2,335,980 | 812,837 | 1,129,141 | 3,802,827 | 30,906,347 |
| Emerging Markets Debt | 12,411,968 | 102,389,906 | 3,096,860 | (6,483,803) | (996,124) | 4,764,260 | 2,929,797 | - | 102,771,099 |
| Emerging Markets Equity | 2,062,443 | 26,523,303 | 864,356 | (6,123,531) | 1,292,718 | 2,955,571 | 554,719 | - | 25,512,417 |
| Floating Rate Income | 11,952,463 | 94,313,276 | 2,959,133 | (6,511,954) | (624,456) | (2,524,445) | 2,959,132 | - | 87,611,554 |
| Fundamental Large Cap Core | 704,706 | 49,966,028 | 6,010,852 | (3,099,308) | 884,919 | (4,771,327) | 271,198 | 4,906,579 | 48,991,164 |
| Global Equity | 3,187,248 | 50,775,961 | 3,946,534 | (13,183,052) | 2,050,054 | 362,658 | 617,406 | 3,329,127 | 43,952,155 |
| High Yield | 26,607,122 | 80,408,841 | 4,224,018 | (2,687,382) | (263,231) | (530,523) | 2,668,321 | - | 81,151,723 |
| 43 | JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS | |
Table of Contents
| 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 |
| International Dynamic Growth | 3,616,201 | $60,915,574 | $4,409,149 | $(11,279,358) | $1,102,383 | $10,269,330 | $506,786 | $1,328,579 | $65,417,078 |
| International Strategic Equity Allocation | 6,717,545 | 74,716,485 | 15,655,966 | (10,035,783) | 2,578,470 | 9,652,626 | 2,116,856 | - | 92,567,764 |
| John Hancock Collateral Trust | 312,211 | 1,223 | 7,022,653 | (3,900,867) | 43 | (2) | 6,252 | - | 3,123,050 |
| Mid Cap Growth | 2,322,905 | 43,317,766 | 5,669,674 | (3,848,877) | 1,373,881 | (4,165,890) | - | 3,968,426 | 42,346,554 |
| Mid Value | 3,255,673 | 54,394,973 | 5,623,055 | (9,148,522) | 1,279,265 | 169,889 | 705,555 | 4,483,612 | 52,318,660 |
| Multi-Asset High Income | 2,948,905 | 31,736,691 | 847,331 | (2,751,147) | 84,155 | 1,016,978 | 847,333 | - | 30,934,008 |
| Multifactor Emerging Markets ETF | 488,901 | 12,265,410 | 4,755,401 | (1,693,095) | 401,998 | 2,775,189 | 187,559 | - | 18,504,903 |
| Short Duration Bond | 12,077,245 | 122,474,556 | 2,943,598 | (11,519,650) | (712,590) | 581,729 | 2,943,599 | - | 113,767,643 |
| Small Cap Core | 1,520,940 | 24,265,384 | 3,177,092 | (1,873,076) | 268,365 | 641,799 | 41,197 | 981,606 | 26,479,564 |
| Strategic Income Opportunities | 13,518,402 | 146,370,968 | 2,778,986 | (10,375,043) | 122,148 | 2,505,426 | 2,778,986 | - | 141,402,485 |
| U.S. Sector Rotation | 7,153,501 | 95,186,580 | 11,722,183 | (11,028,554) | 2,745,439 | (1,695,720) | 768,633 | 4,879,692 | 96,929,928 |
| $17,378,229 | $27,102,878 | $37,865,481 | $54,867,834 | $1,923,173,156 | |||||
| Multimanager Lifestyle Conservative Portfolio | |||||||||
| Blue Chip Growth | 300,861 | $18,643,325 | $3,884,898 | $(2,167,314) | $1,150,119 | $(2,944,884) | - | $1,640,620 | $18,566,144 |
| Bond | 19,641,709 | 282,184,493 | 6,643,149 | (21,272,337) | (3,243,731) | 8,315,351 | $6,643,148 | - | 272,626,925 |
| Capital Appreciation Value | 3,718,754 | 41,168,706 | 5,871,359 | (10,089,628) | (628,941) | (4,154,274) | 734,678 | 4,832,019 | 32,167,222 |
| Core Bond | 20,630,139 | 239,739,989 | 5,842,813 | (17,320,423) | (2,342,949) | 5,550,727 | 5,763,600 | - | 231,470,157 |
| Disciplined Value | 926,900 | 24,799,415 | 2,682,793 | (4,420,989) | 1,064,804 | 640,745 | 225,684 | 1,362,276 | 24,766,768 |
| Disciplined Value International | 1,190,405 | 21,777,727 | 2,150,462 | (4,450,667) | 1,181,955 | 1,708,239 | 516,652 | 1,287,520 | 22,367,716 |
| Emerging Markets Debt | 12,063,877 | 102,695,930 | 2,932,563 | (9,506,214) | (1,049,014) | 4,815,631 | 2,932,565 | - | 99,888,896 |
| Emerging Markets Equity | 518,745 | 6,259,410 | 393,771 | (1,275,976) | 330,519 | 709,157 | 134,194 | - | 6,416,881 |
| Floating Rate Income | 11,872,616 | 95,106,530 | 3,291,353 | (8,235,403) | (668,493) | (2,467,715) | 2,954,926 | - | 87,026,272 |
| Fundamental Large Cap Core | 323,904 | 23,373,709 | 3,623,662 | (2,736,322) | 888,065 | (2,631,317) | 124,518 | 2,252,816 | 22,517,797 |
| Global Equity | 1,339,593 | 21,794,832 | 1,897,877 | (6,272,219) | 981,485 | 71,016 | 266,462 | 1,436,798 | 18,472,991 |
| High Yield | 26,976,770 | 80,901,063 | 4,843,947 | (2,664,382) | (131,007) | (670,471) | 2,689,829 | - | 82,279,150 |
| International Dynamic Growth | 938,077 | 16,619,099 | 1,737,375 | (4,388,694) | 438,150 | 2,563,883 | 136,693 | 358,351 | 16,969,813 |
| | JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS | 44 |
Table of Contents
| 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 |
| International Strategic Equity Allocation | 4,647,464 | $51,426,220 | $13,240,570 | $(9,015,174) | $2,665,453 | $5,724,985 | $1,456,463 | - | $64,042,054 |
| John Hancock Collateral Trust | 2,908 | 1,218 | 2,713,900 | (2,686,094) | 64 | - | 6,388 | - | 29,088 |
| Mid Cap Growth | 889,358 | 16,774,826 | 2,842,863 | (2,320,805) | 647,614 | (1,731,506) | - | $1,561,085 | 16,212,992 |
| Mid Value | 1,225,820 | 20,506,462 | 2,681,944 | (4,027,347) | 586,830 | (48,969) | 268,544 | 1,706,521 | 19,698,920 |
| Multi-Asset High Income | 2,923,515 | 31,725,907 | 846,565 | (2,999,358) | 89,787 | 1,004,776 | 846,565 | - | 30,667,677 |
| Short Duration Bond | 12,575,209 | 131,267,526 | 3,781,114 | (16,443,839) | (966,343) | 820,008 | 3,149,857 | - | 118,458,466 |
| Small Cap Core | 821,659 | 14,939,662 | 1,723,683 | (2,904,225) | (45,514) | 591,471 | 25,720 | 612,837 | 14,305,077 |
| Strategic Income Opportunities | 12,408,189 | 134,482,947 | 2,573,417 | (9,686,999) | 121,806 | 2,298,482 | 2,573,417 | - | 129,789,653 |
| U.S. Sector Rotation | 4,122,261 | 52,040,356 | 9,035,708 | (5,835,919) | 1,670,081 | (1,053,587) | 405,745 | 2,575,887 | 55,856,639 |
| $2,740,740 | $19,111,748 | $31,855,648 | $19,626,730 | $1,384,597,298 | |||||
Note 8-Segment reporting
The management committee of the Advisor acts as the portfolios' chief operating decision maker (the CODM), assessing performance and making decisions about resource allocation. Each portfolio represents a single operating segment, as the CODM monitors and assesses the operating results of the portfolio as a whole, and the portfolio's long-term strategic asset allocation is managed in accordance with the terms of its prospectus, based on a defined investment strategy which is executed by the portfolio management team of the portfolio's subadvisor. Segment assets are reflected in the Statements of assets and liabilities as "Total assets", which consists primarily of total investments at value. The financial information, including the measurement of profit and loss and significant expenses, provided to and reviewed by the CODM is consistent with that presented within the Statements of operations, which includes "Increase (decrease) in net assets from operations", Statements of changes in net assets, which includes "Increase (decrease) in net assets from portfolio share transactions", and Financial highlights, which includes total return and income and expense ratios.
| 45 | JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS | |
Table of Contents
SHAREHOLDER MEETING
(Unaudited)
The portfolios held a Special Joint Meeting of Shareholders on Wednesday, November 12, 2025. The following proposal was considered by the shareholders:
Proposal: To elect five Trustees as members of the Board of Trustees of the Trust.
THE PROPOSAL PASSED ON November 12, 2025.
|
Total votes for the nominee |
Total votes withheld from the nominee |
|
| Independent Trustees | ||
| William K. Bacic | 3,809,160,523 | 21,707,670 |
| Christine L. Hurtsellers | 3,810,125,068 | 20,743,126 |
| Kenneth J. Phelan | 3,810,444,977 | 20,423,216 |
| Thomas R. Wright | 3,810,155,428 | 20,712,765 |
| Non-Independent Trustee | ||
| Kristie M. Feinberg | 3,808,412,187 | 21,446,677 |
| | JOHN HANCOCK MULTIMANAGER LIFESTYLE PORTFOLIOS | 46 |
Table of Contents
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC
200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
This report is for the information of the shareholders of John Hancock Multimanager Lifestyle Portfolios. It is not authorized for distribution to prospective investors unless preceded or accompanied by a prospectus.
| MF5244549 | LSSA 2/26 |
4/26
ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.
Not applicable.
ITEM 9. PROXY DISCLOSURE FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.
Information included in Item 7, if applicable.
ITEM 10. REMUNERATION PAID TO DIRECTORS, OFFICERS, AND OTHERS OF OPEN-END MANAGEMENT INVESTMENT COMPANIES.
Refer to information included in Item 7.
ITEM 11. STATEMENT REGARDING BASIS FOR APPROVAL OF INVESTMENT ADVISORY CONTRACT.
Information included in Item 7, if applicable.
ITEM 12. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
Not applicable.
ITEM 13. PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
Not applicable.
ITEM 14. PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS.
Not applicable.
ITEM 15. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
No material changes.
ITEM 16. CONTROLS AND PROCEDURES.
(a) Based upon their evaluation of the registrant's disclosure controls and procedures as conducted within 90 days of the filing date of this Form N-CSR, the registrant's principal executive officer and principal financial officer have concluded that those disclosure controls and procedures provide reasonable assurance that the material information required to be disclosed by the registrant on this report is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms.
(b) There were no changes in the registrant's internal control over financial reporting that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting.
ITEM 17. DISCLOSURE OF SECURITIES LENDING ACTIVITIES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
Not applicable.
ITEM 18. RECOVERY OF ERRONEOUSLY AWARDED COMPENSATION.
Not applicable.
ITEM 19. EXHIBITS.
(a)(1) Not applicable.
(a)(2) Not applicable.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
John Hancock Funds II
| By: | /s/ Kristie M. Feinberg |
| ------------------------------ | |
| Kristie M. Feinberg | |
| President, | |
| Principal Executive Officer | |
| Date: | April 7, 2026 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
| By: | /s/ Kristie M. Feinberg |
| ------------------------------ | |
| Kristie M. Feinberg | |
| President, | |
| Principal Executive Officer | |
| Date: | April 7, 2026 |
| By: | /s/ Fernando A. Silva |
| --------------------------- | |
| Fernando A. Silva | |
| Chief Financial Officer, | |
| Principal Financial Officer | |
| Date: | April 7, 2026 |
John Hancock Funds II published this content on April 15, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on April 15, 2026 at 18:18 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]