John Hancock Income Securities Trust

07/01/2026 | Press release | Distributed by Public on 07/01/2026 13:52

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 811-04186

JOHN HANCOCK INCOME SECURITIES TRUST

(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: October 31

Date of reporting period: April 30, 2026


ITEM 1. REPORT TO STOCKHOLDERS.


Semiannual report
John Hancock
Income Securities Trust
Closed-end fixed income
Ticker: JHS
April 30, 2026
John Hancock
Income Securities Trust
Table of contents
2 Your fund at a glance
3 Portfolio summary
4 Fund's investments
35 Financial statements
39 Financial highlights
40 Notes to financial statements
47 Investment objective, principal investment strategies, and principal risks
50 Additional information
51 Shareholder meeting
52 More information
1 JOHN HANCOCK INCOME SECURITIES TRUST  | SEMIANNUAL REPORT
Table of Contents
Your fund at a glance
INVESTMENT OBJECTIVE
The fund seeks to generate a high level of current income consistent with prudent investment risk.
AVERAGE ANNUAL TOTAL RETURNS AS OF 4/30/2026 (%)
The Bloomberg U.S. Aggregate Bond Index tracks the performance of U.S. investment-grade bonds in government, asset-backed, and corporate debt markets. The fund changed its index from the Bloomberg U.S. Government/Credit Index to the Bloomberg U.S. Aggregate Bond Index to align with index changes across the fund complex.
It is not possible to invest directly in an index. Index figures do not reflect expenses, which would result in lower returns.
The performance data contained within this material represents past performance, which does not guarantee future results.
Investment returns and principal value will fluctuate and a shareholder may sustain losses. Further, the fund's performance at net asset value (NAV) is different from the fund's performance at closing market price because the closing market price is subject to the dynamics of secondary market trading. Market risk may increase when shares are purchased at a premium to NAV or sold at a discount to NAV. Current month-end performance may be higher or lower than the performance cited. The fund's most recent performance can be found at jhinvestments.com or by calling 800-852-0218.
SEMIANNUAL REPORT  | JOHN HANCOCK INCOME SECURITIES TRUST 2
Table of Contents
Portfolio summary
PORTFOLIO COMPOSITION AS OF 4/30/2026 (% of total investments)
QUALITY COMPOSITION AS OF 4/30/2026 (% of total investments)
Ratings are from Moody's Investors Service, Inc. If not available, we have used S&P Global Ratings. In the absence of ratings from these agencies, we have used Fitch Ratings, Inc. "Not rated" securities are those with no ratings available from these agencies. All ratings are as of 4-30-26 and do not reflect subsequent downgrades or upgrades, if any.
3 JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT
Table of Contents
Fund's investments
AS OF 4-30-26 (unaudited)
Rate (%) Maturity date Par value^ Value
U.S. Government and Agency obligations 58.6% (35.7% of Total investments) $83,311,759
(Cost $83,696,208)
U.S. Government 5.5% 7,889,628
U.S. Treasury
Bond 1.625 11-15-50 537,000 276,765
Bond 3.375 11-15-48 412,000 319,220
Bond 4.625 11-15-44 816,000 782,499
Bond 4.625 11-15-55 1,760,000 1,659,900
Bond 4.875 08-15-45 2,932,000 2,895,787
Note 3.375 09-15-28 255,000 251,972
Note 3.500 10-15-28 55,000 54,480
Note (A) 3.875 03-31-27 455,000 455,455
Note 3.875 03-31-28 131,000 130,969
Note 3.875 04-15-29 756,000 755,232
Note 3.875 03-31-31 269,000 267,214
Note 4.125 02-15-36 41,000 40,135
U.S. Government Agency 53.1% 75,422,131
Federal Home Loan Mortgage Corp.
15 Yr Pass Thru (A) 4.500 01-01-38 1,182,150 1,178,211
30 Yr Pass Thru (A) 3.500 07-01-46 281,991 262,360
30 Yr Pass Thru (A) 3.500 10-01-46 250,985 231,946
30 Yr Pass Thru (A) 3.500 12-01-46 106,316 98,849
30 Yr Pass Thru (A) 4.000 05-01-52 662,484 629,581
30 Yr Pass Thru (A) 4.500 07-01-52 196,015 190,569
30 Yr Pass Thru (A) 4.500 07-01-52 1,659,593 1,613,487
30 Yr Pass Thru (A) 4.500 08-01-52 105,860 103,150
30 Yr Pass Thru (A) 4.500 08-01-52 563,296 548,351
30 Yr Pass Thru (A) 4.500 08-01-52 468,950 456,508
30 Yr Pass Thru (A) 4.500 09-01-52 293,431 285,187
30 Yr Pass Thru (A) 4.500 09-01-52 337,118 328,489
30 Yr Pass Thru (A) 4.500 09-01-52 2,816,495 2,742,649
30 Yr Pass Thru (A) 4.500 02-01-54 279,224 271,205
30 Yr Pass Thru (A) 5.000 07-01-52 834,609 834,384
30 Yr Pass Thru (A) 5.000 07-01-52 755,438 756,179
30 Yr Pass Thru (A) 5.000 08-01-52 700,826 696,022
30 Yr Pass Thru (A) 5.000 08-01-52 559,930 557,504
30 Yr Pass Thru (A) 5.000 10-01-52 656,141 655,758
30 Yr Pass Thru (A) 5.000 11-01-52 1,366,245 1,368,438
30 Yr Pass Thru 5.000 12-01-52 847,047 842,319
30 Yr Pass Thru (A) 5.000 02-01-53 324,993 322,975
30 Yr Pass Thru (A) 5.000 02-01-53 1,246,882 1,243,818
30 Yr Pass Thru (A) 5.000 04-01-53 533,780 533,303
SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST 4
Table of Contents
Rate (%) Maturity date Par value^ Value
U.S. Government Agency (continued)
30 Yr Pass Thru (A) 5.000 05-01-53 1,206,855 $1,198,987
30 Yr Pass Thru (A) 5.000 12-01-54 317,956 316,678
30 Yr Pass Thru (A) 5.500 09-01-52 796,926 812,615
30 Yr Pass Thru (A) 5.500 11-01-52 1,533,358 1,563,544
30 Yr Pass Thru (A) 5.500 11-01-52 1,617,758 1,647,583
30 Yr Pass Thru (A) 5.500 02-01-53 714,918 729,662
30 Yr Pass Thru (A) 5.500 02-01-53 712,618 725,533
30 Yr Pass Thru (A) 5.500 03-01-53 592,092 603,563
30 Yr Pass Thru (A) 5.500 04-01-53 649,127 662,514
30 Yr Pass Thru (A) 5.500 04-01-53 452,489 457,862
30 Yr Pass Thru (A) 5.500 06-01-53 800,391 810,089
30 Yr Pass Thru (A) 5.500 06-01-53 758,686 772,911
30 Yr Pass Thru (A) 5.500 06-01-53 588,225 598,500
30 Yr Pass Thru (A) 5.500 07-01-53 793,694 803,882
30 Yr Pass Thru (A) 5.500 07-01-53 611,235 618,231
30 Yr Pass Thru (A) 5.500 07-01-53 610,426 621,108
30 Yr Pass Thru (A) 5.500 07-01-53 518,870 526,977
30 Yr Pass Thru (A) 5.500 12-01-53 455,444 460,657
30 Yr Pass Thru (A) 5.500 04-01-54 633,442 640,286
30 Yr Pass Thru (A) 5.500 08-01-54 602,824 615,134
30 Yr Pass Thru (A) 5.500 02-01-55 387,196 393,971
30 Yr Pass Thru (A) 5.500 03-01-55 609,172 619,356
30 Yr Pass Thru 5.500 09-01-55 697,724 705,572
30 Yr Pass Thru (A) 6.000 04-01-53 642,427 666,096
30 Yr Pass Thru (A) 6.000 05-01-53 563,758 584,353
30 Yr Pass Thru (A) 6.000 08-01-53 537,824 557,472
30 Yr Pass Thru (A) 6.000 09-01-53 738,088 764,820
30 Yr Pass Thru (A) 6.000 10-01-53 456,441 469,977
30 Yr Pass Thru (A) 6.000 11-01-53 510,364 524,669
30 Yr Pass Thru (A) 6.000 11-01-53 541,368 557,668
30 Yr Pass Thru (A) 6.000 03-01-54 506,954 520,753
30 Yr Pass Thru (A) 6.500 09-01-53 515,629 542,117
30 Yr Pass Thru (A) 6.500 10-01-53 554,902 581,164
Federal National Mortgage Association
30 Yr Pass Thru (A) 3.500 04-01-45 292,098 272,950
30 Yr Pass Thru (A) 3.500 07-01-47 632,040 586,528
30 Yr Pass Thru (A) 3.500 07-01-47 567,402 529,026
30 Yr Pass Thru (A) 3.500 11-01-47 264,808 245,657
30 Yr Pass Thru (A) 3.500 09-01-49 117,913 108,575
30 Yr Pass Thru (A) 3.500 03-01-50 322,697 296,838
30 Yr Pass Thru (A) 4.000 09-01-41 217,077 210,619
30 Yr Pass Thru (A) 4.000 01-01-49 584,457 554,982
30 Yr Pass Thru (A) 4.000 07-01-49 119,856 114,186
30 Yr Pass Thru (A) 4.000 08-01-49 243,992 232,373
5 JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS
Table of Contents
Rate (%) Maturity date Par value^ Value
U.S. Government Agency (continued)
30 Yr Pass Thru (A) 4.000 02-01-50 207,476 $197,012
30 Yr Pass Thru (A) 4.000 03-01-51 641,633 610,277
30 Yr Pass Thru (A) 4.000 08-01-51 434,747 414,181
30 Yr Pass Thru (A) 4.000 10-01-51 851,421 807,950
30 Yr Pass Thru (A) 4.000 04-01-52 80,537 76,255
30 Yr Pass Thru (A) 4.000 06-01-52 870,943 823,277
30 Yr Pass Thru (A) 4.000 06-01-52 903,973 854,500
30 Yr Pass Thru (A) 4.000 06-01-52 639,194 606,359
30 Yr Pass Thru (A) 4.000 07-01-52 351,754 333,602
30 Yr Pass Thru (A) 4.500 06-01-52 349,093 339,941
30 Yr Pass Thru (A) 4.500 06-01-52 813,293 790,698
30 Yr Pass Thru (A) 4.500 08-01-52 415,932 403,207
30 Yr Pass Thru (A) 4.500 08-01-52 89,816 87,517
30 Yr Pass Thru (A) 4.500 08-01-52 674,014 653,393
30 Yr Pass Thru 4.500 09-01-52 546,074 532,098
30 Yr Pass Thru (A) 5.000 06-01-52 530,494 530,683
30 Yr Pass Thru (A) 5.000 08-01-52 969,511 964,992
30 Yr Pass Thru (A) 5.000 09-01-52 270,458 269,540
30 Yr Pass Thru (A) 5.000 10-01-52 1,129,727 1,126,297
30 Yr Pass Thru (A) 5.000 10-01-52 623,737 623,374
30 Yr Pass Thru (A) 5.000 11-01-52 2,234,229 2,231,532
30 Yr Pass Thru (A) 5.000 12-01-52 571,375 570,685
30 Yr Pass Thru 5.000 03-01-53 918,739 916,769
30 Yr Pass Thru (A) 5.000 11-01-53 428,738 424,603
30 Yr Pass Thru (A) 5.000 11-01-54 517,487 513,142
30 Yr Pass Thru (A) 5.500 10-01-52 455,762 462,028
30 Yr Pass Thru (A) 5.500 01-01-53 1,524,041 1,551,662
30 Yr Pass Thru (A) 5.500 02-01-53 686,833 700,998
30 Yr Pass Thru (A) 5.500 03-01-53 567,238 578,227
30 Yr Pass Thru (A) 5.500 04-01-53 1,328,656 1,349,830
30 Yr Pass Thru (A) 5.500 05-01-53 797,314 811,515
30 Yr Pass Thru (A) 5.500 05-01-53 979,278 999,474
30 Yr Pass Thru (A) 5.500 05-01-53 814,350 829,872
30 Yr Pass Thru (A) 5.500 05-01-53 597,585 609,162
30 Yr Pass Thru (A) 5.500 07-01-53 502,349 510,668
30 Yr Pass Thru (A) 5.500 11-01-53 591,706 596,882
30 Yr Pass Thru (A) 5.500 05-01-54 504,368 512,406
30 Yr Pass Thru (A) 5.500 10-01-54 624,997 635,933
30 Yr Pass Thru (A) 5.500 06-01-55 504,780 514,401
30 Yr Pass Thru (A) 5.500 09-01-55 373,879 380,382
30 Yr Pass Thru (A) 6.000 05-01-53 540,559 561,150
30 Yr Pass Thru (A) 6.000 07-01-53 516,117 534,165
30 Yr Pass Thru (A) 6.000 08-01-53 554,859 569,185
30 Yr Pass Thru (A) 6.000 08-01-53 448,537 459,652
SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST 6
Table of Contents
Rate (%) Maturity date Par value^ Value
U.S. Government Agency (continued)
30 Yr Pass Thru (A) 6.000 07-01-54 465,043 $481,886
30 Yr Pass Thru (A) 6.500 04-01-53 550,801 580,516
30 Yr Pass Thru (A) 6.500 05-01-53 357,681 374,233
30 Yr Pass Thru (A) 6.500 08-01-53 538,068 567,096
30 Yr Pass Thru (A) 6.500 08-01-53 524,050 551,994
30 Yr Pass Thru (A) 6.500 09-01-53 499,578 525,242
30 Yr Pass Thru (A) 6.500 10-01-53 408,302 429,059
30 Yr Pass Thru (A) 6.500 11-01-53 441,529 465,349
Foreign government obligations 0.3% (0.2% of Total investments) $381,029
(Cost $391,992)
Saudi Arabia 0.3% 381,029
Kingdom of Saudi Arabia
Bond (B) 		5.875 01-12-56 396,000 381,029
Corporate bonds 79.0% (48.2% of Total investments) $112,293,709
(Cost $111,843,599)
Communication services 5.5% 7,857,252
Diversified telecommunication services 2.5%
AT&T, Inc. (A) 2.750 06-01-31 230,000 209,962
AT&T, Inc. 4.500 05-15-35 136,000 128,784
AT&T, Inc. (A) 4.550 11-01-32 201,000 197,103
AT&T, Inc. (A) 4.750 04-30-33 231,000 227,980
Cipher Compute LLC (B) 7.125 11-15-30 77,000 79,811
Edged Compute LLC (B) 7.500 04-30-31 335,000 328,472
GCI LLC (B) 4.750 10-15-28 119,000 116,430
IHS Holding, Ltd. (A)(B)(C) 7.875 05-29-30 200,000 205,982
IHS Holding, Ltd. (A)(B)(C) 8.250 11-29-31 200,000 209,199
Iliad Holding SAS (B) 7.000 04-15-32 200,000 203,051
Level 3 Financing, Inc. (B) 6.875 06-30-33 279,000 287,937
NTT Finance Corp. (B) 5.171 07-16-32 279,000 281,923
QTS Fayetteville I DC1-2 LLC (B) 5.700 04-15-36 438,000 425,998
Sitios Latinoamerica SAB de CV (B) 6.000 11-25-29 265,000 270,708
STC Sukuk Company II, Ltd. (B) 4.489 01-15-31 208,000 205,346
SV RNO Property Owner 1 LLC (B) 5.875 03-01-31 119,000 116,757
Entertainment 0.6%
Discovery Global Holdings, Inc. 4.279 03-15-32 125,000 113,216
Discovery Global Holdings, Inc. 5.050 03-15-42 250,000 178,383
Oak-Eagle Acquireco, Inc. (B) 7.250 07-01-33 74,000 76,251
Roblox Corp. (B) 3.875 05-01-30 311,000 294,576
WMG Acquisition Corp. (B) 3.875 07-15-30 226,000 213,049
Interactive media and services 0.5%
Alphabet, Inc. (A) 4.400 02-15-33 222,000 218,579
Meta Platforms, Inc. (A) 4.200 11-15-30 261,000 257,949
7 JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS
Table of Contents
Rate (%) Maturity date Par value^ Value
Communication services (continued)
Interactive media and services (continued)
Meta Platforms, Inc. (A) 4.600 11-15-32 174,000 $171,908
Meta Platforms, Inc. 5.625 11-15-55 101,000 92,740
Media 1.1%
Cable One, Inc. (A)(B)(C) 4.000 11-15-30 84,000 58,573
CCO Holdings LLC (B) 4.250 02-01-31 137,000 124,432
CCO Holdings LLC (A)(B)(C) 7.375 03-01-31 54,000 54,660
CCO Holdings LLC (A)(B)(C) 7.375 02-01-36 145,000 142,152
Charter Communications Operating LLC 6.384 10-23-35 399,000 403,142
Gray Media, Inc. (B) 10.500 07-15-29 173,000 183,671
News Corp. (A)(B) 3.875 05-15-29 166,000 160,573
News Corp. (A)(B) 5.125 02-15-32 95,000 93,382
Paramount Global 4.200 05-19-32 78,000 68,164
Paramount Global 4.375 03-15-43 161,000 102,670
Paramount Global 4.950 05-19-50 328,000 205,999
Wireless telecommunication services 0.8%
T-Mobile USA, Inc. (A) 3.875 04-15-30 696,000 677,682
T-Mobile USA, Inc. (A) 4.850 01-15-29 230,000 232,282
Vodafone Group PLC (7.000% to 4-4-29, then 5 Year U.S. Swap Rate + 4.873% to 4-4-49, then 5 Year U.S. Swap Rate + 5.623%) 7.000 04-04-79 228,000 237,776
Consumer discretionary 6.7% 9,436,658
Automobile components 0.2%
Dealer Tire LLC (B) 8.000 02-01-28 353,000 350,746
Automobiles 2.2%
Ford Motor Company 9.625 04-22-30 390,000 444,121
Ford Motor Credit Company LLC 4.000 11-13-30 624,000 586,133
Ford Motor Credit Company LLC 5.113 05-03-29 440,000 437,286
Ford Motor Credit Company LLC 5.800 03-08-29 287,000 290,787
Ford Motor Credit Company LLC 6.125 03-08-34 502,000 504,082
General Motors Financial Company, Inc. (A) 5.850 04-06-30 670,000 695,116
General Motors Financial Company, Inc. (A) 5.950 04-04-34 174,000 180,082
Broadline retail 0.8%
Amazon.com, Inc. (A) 4.550 03-13-33 222,000 219,298
Macy's Retail Holdings LLC (B) 5.875 03-15-30 91,000 90,753
Macy's Retail Holdings LLC (B) 6.125 03-15-32 89,000 89,043
Macy's Retail Holdings LLC (A)(B)(C) 7.375 08-01-33 384,000 399,981
MercadoLibre, Inc. 4.900 01-15-33 102,000 100,049
Rakuten Group, Inc. (B) 9.750 04-15-29 200,000 219,402
Hotels, restaurants and leisure 2.0%
Brightstar Lottery PLC (B) 5.750 01-15-33 200,000 196,098
Carnival Corp. (B) 5.125 05-01-29 177,000 176,470
Carnival Corp. (B) 5.750 08-01-32 475,000 477,388
SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST 8
Table of Contents
Rate (%) Maturity date Par value^ Value
Consumer discretionary (continued)
Hotels, restaurants and leisure (continued)
Carnival Corp. (B) 5.875 06-15-31 192,000 $194,731
Hilton Domestic Operating Company, Inc. (B) 5.500 03-31-34 122,000 121,098
Hilton Grand Vacations Borrower LLC (B) 6.625 01-15-32 423,000 427,910
Marriott International, Inc. (A) 4.500 05-01-33 81,000 78,510
Marriott Ownership Resorts, Inc. (B) 6.500 10-01-33 158,000 151,924
Midwest Gaming Borrower LLC (B) 4.875 05-01-29 128,000 125,145
Rivers Enterprise Borrower LLC (B) 6.250 10-15-30 113,000 114,952
Rivers Enterprise Borrower LLC (B) 6.625 02-01-33 140,000 142,945
Royal Caribbean Cruises, Ltd. 5.375 01-15-36 107,000 105,129
Travel + Leisure Company (B) 4.625 03-01-30 91,000 87,789
Travel + Leisure Company (B) 6.125 09-01-33 184,000 182,341
Viking Cruises, Ltd. (B) 5.875 10-15-33 189,000 189,480
Household durables 0.3%
Brookfield Residential Properties, Inc. (A)(B)(C) 5.000 06-15-29 117,000 112,691
Century Communities, Inc. (B) 3.875 08-15-29 124,000 117,425
KB Home (A)(C) 4.000 06-15-31 178,000 164,799
Specialty retail 1.1%
Asbury Automotive Group, Inc. (B) 4.625 11-15-29 55,000 53,527
Asbury Automotive Group, Inc. 4.750 03-01-30 145,000 141,213
Global Auto Holdings, Ltd. (A)(B)(C) 8.750 01-15-32 293,000 269,535
Global Auto Holdings, Ltd. (B) 11.500 08-15-29 132,000 134,043
Lithia Motors, Inc. (B) 3.875 06-01-29 80,000 76,672
Lithia Motors, Inc. (B) 4.375 01-15-31 144,000 136,770
Lithia Motors, Inc. (B) 5.500 10-01-30 130,000 129,311
The Home Depot, Inc. (A) 4.950 06-25-34 240,000 241,474
The Michaels Companies, Inc. (B) 8.500 03-15-33 200,000 197,510
Wayfair LLC (B) 6.750 11-15-32 116,000 117,277
Textiles, apparel and luxury goods 0.1%
S&S Holdings LLC (B) 8.375 10-01-31 180,000 165,622
Consumer staples 2.1% 3,030,063
Consumer staples distribution and retail 0.4%
Albertsons Companies, Inc. (B) 5.750 03-31-34 396,000 385,513
KeHE Distributors LLC (B) 7.125 04-30-33 67,000 67,831
Performance Food Group, Inc. (B) 5.625 03-01-34 120,000 117,499
Food products 1.6%
Chobani LLC (B) 6.375 04-15-34 66,000 67,340
Froneri Lux FinCo Sarl (B) 6.000 08-01-32 200,000 197,806
Industrial F&B Investments III, Inc. (B) 7.750 02-11-33 111,000 112,166
JBS NV (A) 3.625 01-15-32 221,000 204,372
JBS NV (A) 5.750 04-01-33 384,000 395,346
JBS NV 5.950 04-20-35 55,000 56,939
9 JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS
Table of Contents
Rate (%) Maturity date Par value^ Value
Consumer staples (continued)
Food products (continued)
MARB BondCo PLC (B) 3.950 01-29-31 299,000 $267,801
Mars, Inc. (A)(B) 5.000 03-01-32 211,000 214,049
NBM US Holdings, Inc. (B) 6.625 08-06-29 530,000 531,874
Pilgrim's Pride Corp. (A)(C) 6.250 07-01-33 134,000 140,507
Viking Baked Goods Acquisition Corp. (B) 8.625 11-01-31 156,000 159,278
Personal care products 0.1%
Kenvue, Inc. (A) 4.900 03-22-33 111,000 111,742
Energy 10.1% 14,370,429
Oil, gas and consumable fuels 10.1%
Aker BP ASA (B) 6.000 06-13-33 245,000 255,576
Antero Midstream Partners LP (B) 5.750 10-15-33 159,000 158,686
Antero Midstream Partners LP (B) 5.750 07-01-34 365,000 364,059
Ascent Resources Utica Holdings LLC (B) 5.875 06-30-29 237,000 237,303
Ascent Resources Utica Holdings LLC (B) 6.625 10-15-32 60,000 61,570
Ascent Resources Utica Holdings LLC (B) 6.625 07-15-33 73,000 75,000
BP Capital Markets America, Inc. (A) 4.812 02-13-33 115,000 115,330
Cheniere Energy Partners LP 5.550 10-30-35 114,000 116,353
Cheniere Energy Partners LP (A) 5.950 06-30-33 232,000 243,484
Columbia Pipelines Holding Company LLC (A)(B) 4.999 11-17-32 158,000 156,911
Columbia Pipelines Holding Company LLC (A)(B) 5.681 01-15-34 306,000 312,503
Columbia Pipelines Operating Company LLC (A)(B) 6.036 11-15-33 190,000 200,703
Comstock Resources, Inc. (B) 5.875 01-15-30 442,000 428,140
Continental Resources, Inc. (A)(B) 5.750 01-15-31 209,000 213,602
DT Midstream, Inc. (A)(B) 4.375 06-15-31 400,000 386,675
DT Midstream, Inc. (B) 5.800 12-15-34 91,000 93,710
Enbridge, Inc. (5.500% to 7-15-27, then 3 month CME Term SOFR + 3.680% to 7-15-47, then 3 month CME Term SOFR + 4.430%) 5.500 07-15-77 340,000 339,227
Enbridge, Inc. (5.750% to 7-15-30, then 5 Year CMT + 5.314% to 7-15-50, then 5 Year CMT + 6.064%) 5.750 07-15-80 347,000 349,022
Enbridge, Inc. (6.250% to 3-1-28, then 3 month CME Term SOFR + 3.903% to 3-1-48, then 3 month CME Term SOFR + 4.653%) 6.250 03-01-78 306,000 307,364
Enbridge, Inc. (8.500% to 1-15-34, then 5 Year CMT + 4.431% to 1-15-54, then 5 Year CMT + 5.181%) 8.500 01-15-84 352,000 400,967
Energean Israel Finance, Ltd. (B) 5.375 03-30-28 79,000 77,702
Energean Israel Finance, Ltd. (B) 5.875 03-30-31 138,000 132,155
Energy Transfer LP (A) 5.600 09-01-34 129,000 131,636
SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST 10
Table of Contents
Rate (%) Maturity date Par value^ Value
Energy (continued)
Oil, gas and consumable fuels (continued)
Energy Transfer LP (6.500% to 11-15-26, then 5 Year CMT + 5.694%) (D) 6.500 11-15-26 488,000 $488,575
Energy Transfer LP (6.500% to 2-15-31, then 5 Year CMT + 2.676%) 6.500 02-15-56 125,000 125,337
Energy Transfer LP (6.750% to 2-15-36, then 5 Year CMT + 2.475%) 6.750 02-15-56 217,000 218,559
Energy Transfer LP (7.125% to 5-15-30, then 5 Year CMT + 5.306%) (D) 7.125 05-15-30 381,000 391,300
Enterprise Products Operating LLC (5.250% to 8-16-27, then 3 month CME Term SOFR + 3.295%) 5.250 08-16-77 580,000 578,556
Enterprise Products Operating LLC (A) 5.350 01-31-33 111,000 114,634
EOG Resources, Inc. (A) 5.000 07-15-32 111,000 112,486
Expand Energy Corp. (A) 4.750 02-01-32 171,000 167,660
Genesis Energy LP 6.750 03-15-34 21,000 21,152
Genesis Energy LP 7.875 05-15-32 100,000 104,838
Genesis Energy LP 8.000 05-15-33 197,000 207,390
Global Partners LP (B) 7.125 07-01-33 33,000 33,820
Global Partners LP (B) 8.250 01-15-32 89,000 93,436
Hess Midstream Operations LP (B) 6.500 06-01-29 44,000 45,081
Howard Midstream Energy Partners LLC (B) 6.625 01-15-34 92,000 93,591
Howard Midstream Energy Partners LLC (B) 7.375 07-15-32 27,000 28,154
Leviathan Bond, Ltd. (B) 6.500 06-30-27 134,000 134,475
Leviathan Bond, Ltd. (B) 6.750 06-30-30 64,000 65,723
Long Ridge Energy LLC (B) 8.750 02-15-32 80,000 85,505
MPLX LP (A) 4.950 09-01-32 149,000 149,027
MPLX LP (A) 5.000 03-01-33 152,000 151,240
Occidental Petroleum Corp. 5.375 01-01-32 96,000 98,014
Occidental Petroleum Corp. 6.450 09-15-36 262,000 281,556
Occidental Petroleum Corp. 6.625 09-01-30 483,000 514,927
Ovintiv, Inc. (A) 6.250 07-15-33 132,000 139,932
Ovintiv, Inc. (A) 7.200 11-01-31 84,000 92,528
Permian Resources Operating LLC (A)(B) 6.250 02-01-33 85,000 87,030
Plains All American Pipeline LP (A) 4.700 01-15-31 83,000 82,813
Repsol E&P Capital Markets US LLC (B) 5.204 09-16-30 295,000 298,712
Sabine Pass Liquefaction LLC (A) 4.500 05-15-30 416,000 415,531
Sunoco LP (B) 4.500 10-01-29 157,000 153,859
Sunoco LP 4.500 04-30-30 238,000 231,253
Sunoco LP (B) 4.625 05-01-30 87,000 84,611
Sunoco LP (B) 5.625 03-15-31 84,000 84,312
Sunoco LP (B) 5.875 03-15-34 147,000 146,472
Sunoco LP (B) 7.250 05-01-32 74,000 77,502
Sunoco LP (7.875% to 9-18-30, then 5 Year CMT + 4.230%) (B)(D) 7.875 09-18-30 252,000 260,960
11 JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS
Table of Contents
Rate (%) Maturity date Par value^ Value
Energy (continued)
Oil, gas and consumable fuels (continued)
Targa Resources Corp. 5.500 02-15-35 139,000 $140,866
Targa Resources Corp. (A) 6.150 03-01-29 125,000 130,191
Targa Resources Partners LP (A) 4.000 01-15-32 267,000 254,203
Var Energi ASA (B) 5.875 05-22-30 328,000 338,773
Var Energi ASA (B) 8.000 11-15-32 715,000 812,717
Venture Global LNG, Inc. (A)(B)(C) 7.000 01-15-30 132,000 135,779
Venture Global LNG, Inc. (9.000% to 9-30-29, then 5 Year CMT + 5.440%) (B)(D) 9.000 09-30-29 223,000 220,557
Viper Energy Partners LLC 4.900 08-01-30 165,000 164,907
Western Midstream Operating LP (A) 4.800 03-01-31 217,000 215,557
Western Midstream Operating LP (A) 5.450 11-15-34 118,000 117,435
Whistler Pipeline LLC (A)(B) 5.400 09-30-29 96,000 98,147
Whistler Pipeline LLC (A)(B) 5.700 09-30-31 120,000 123,068
Financials 26.5% 37,717,424
Banks 17.2%
Banco Bradesco SA (B) 5.375 01-20-31 223,000 222,532
Banco Santander SA 4.551 11-06-30 200,000 197,297
Banco Santander SA (9.625% to 11-21-33, then 5 Year CMT + 5.298%) (A)(C)(D) 9.625 05-21-33 257,000 305,161
Bank Hapoalim BM (B) 4.722 07-14-29 200,000 197,786
Bank of America Corp. (4.571% to 4-27-32, then Overnight SOFR + 1.830%) (A) 4.571 04-27-33 155,000 152,534
Bank of America Corp. (5.015% to 7-22-32, then Overnight SOFR + 2.160%) (A) 5.015 07-22-33 965,000 971,208
Bank of America Corp. (5.425% to 8-15-34, then Overnight SOFR + 1.913%) 5.425 08-15-35 595,000 597,022
Bank of America Corp. (5.518% to 10-25-34, then Overnight SOFR + 1.738%) 5.518 10-25-35 70,000 70,520
Bank of America Corp. (6.204% to 11-10-27, then Overnight SOFR + 1.990%) (A) 6.204 11-10-28 309,000 317,059
Bank of America Corp. (6.625% to 5-1-30, then 5 Year CMT + 2.684%) (A)(C)(D) 6.625 05-01-30 344,000 354,789
Bank of Montreal (7.700% to 5-26-29, then 5 Year CMT + 3.452%) (A) 7.700 05-26-84 548,000 575,712
Barclays PLC (5.367% to 2-25-30, then Overnight SOFR + 1.230%) (A) 5.367 02-25-31 227,000 231,075
Barclays PLC (7.385% to 11-2-27, then 1 Year CMT + 3.300%) (A) 7.385 11-02-28 435,000 452,242
Barclays PLC (8.000% to 9-15-29, then 5 Year CMT + 5.431%) (D) 8.000 03-15-29 238,000 249,792
BNP Paribas SA (5.497% to 5-20-29, then Overnight SOFR + 1.590%) (A)(B) 5.497 05-20-30 281,000 287,626
BNP Paribas SA (9.250% to 11-17-27, then 5 Year CMT + 4.969%) (B)(D) 9.250 11-17-27 200,000 210,795
SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST 12
Table of Contents
Rate (%) Maturity date Par value^ Value
Financials (continued)
Banks (continued)
Canadian Imperial Bank of Commerce (6.500% to 7-28-31, then 5 Year CMT + 2.727%) (A) 6.500 07-28-86 215,000 $214,336
Citibank NA (A) 5.488 12-04-26 430,000 433,202
Citigroup, Inc. (6.174% to 5-25-33, then Overnight SOFR + 2.661%) 6.174 05-25-34 288,000 300,035
Citigroup, Inc. (6.270% to 11-17-32, then Overnight SOFR + 2.338%) 6.270 11-17-33 150,000 160,346
Citigroup, Inc. (6.625% to 2-15-31, then 5 Year CMT + 3.001%) (D) 6.625 02-15-31 235,000 237,880
Citizens Financial Group, Inc. (5.253% to 3-5-30, then Overnight SOFR + 1.259%) (A) 5.253 03-05-31 168,000 170,113
Citizens Financial Group, Inc. (5.299% to 1-29-31, then 5 Year CMT + 1.450%) 5.299 01-29-36 41,000 40,648
Citizens Financial Group, Inc. (5.718% to 7-23-31, then Overnight SOFR + 1.910%) 5.718 07-23-32 199,000 205,035
Credit Agricole SA (5.335% to 1-10-29, then Overnight SOFR + 1.690%) (A)(B) 5.335 01-10-30 440,000 447,536
Credit Agricole SA (5.862% to 1-9-35, then Overnight SOFR + 1.740%) (A)(B) 5.862 01-09-36 250,000 257,537
Danske Bank A/S (4.999% to 3-27-31, then 1 Year CMT + 0.980%) (A)(B) 4.999 03-27-32 242,000 242,792
Danske Bank A/S (5.019% to 3-4-30, then 1 Year CMT + 0.930%) (A)(B) 5.019 03-04-31 234,000 235,594
Fifth Third Bancorp (5.141% to 1-29-36, then Overnight SOFR + 1.240%) 5.141 01-29-37 93,000 90,818
Fifth Third Bancorp (5.631% to 1-29-31, then Overnight SOFR + 1.840%) 5.631 01-29-32 167,000 172,410
Fifth Third Bancorp (3 month CME Term SOFR + 3.295%) (D)(E) 6.994 05-30-26 173,000 172,542
Fifth Third Financial Corp. (5.982% to 1-30-29, then Overnight SOFR + 2.155%) (A) 5.982 01-30-30 151,000 155,718
First Citizens BancShares, Inc. (4.869% to 3-3-31, then Overnight SOFR + 1.487%) 4.869 03-03-32 333,000 322,620
First Citizens BancShares, Inc. (5.231% to 3-12-30, then Overnight SOFR + 1.410%) (A) 5.231 03-12-31 225,000 223,873
First Citizens BancShares, Inc. (5.600% to 9-5-30, then 5 Year CMT + 1.850%) 5.600 09-05-35 218,000 213,143
First Citizens BancShares, Inc. (7.000% to 12-15-30, then 5 Year CMT + 3.301%) (D) 7.000 12-15-30 146,000 146,731
First Horizon Corp. (5.514% to 3-7-30, then Overnight SOFR + 1.766%) (A) 5.514 03-07-31 134,000 136,019
Huntington Bancshares, Inc. (5.272% to 1-15-30, then Overnight SOFR + 1.276%) (A) 5.272 01-15-31 137,000 139,250
13 JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS
Table of Contents
Rate (%) Maturity date Par value^ Value
Financials (continued)
Banks (continued)
Huntington Bancshares, Inc. (5.709% to 2-2-34, then SOFR Compounded Index + 1.870%) 5.709 02-02-35 90,000 $92,093
Huntington Bancshares, Inc. (6.141% to 11-18-34, then 5 Year CMT + 1.700%) 6.141 11-18-39 71,000 72,342
Huntington Bancshares, Inc. (6.250% to 10-15-30, then 5 Year CMT + 2.653%) (D) 6.250 10-15-30 104,000 104,149
JPMorgan Chase & Co. (4.912% to 7-25-32, then Overnight SOFR + 2.080%) (A) 4.912 07-25-33 345,000 346,006
JPMorgan Chase & Co. (4.995% to 7-22-29, then Overnight SOFR + 1.125%) (A) 4.995 07-22-30 121,000 122,492
JPMorgan Chase & Co. (5.193% to 2-5-36, then Overnight SOFR + 1.300%) 5.193 02-05-37 71,000 69,853
JPMorgan Chase & Co. (5.294% to 7-22-34, then Overnight SOFR + 1.460%) (A) 5.294 07-22-35 342,000 345,785
JPMorgan Chase & Co. (5.502% to 1-24-35, then Overnight SOFR + 1.315%) (A) 5.502 01-24-36 222,000 227,337
JPMorgan Chase & Co. (5.576% to 7-23-35, then Overnight SOFR + 1.635%) (A) 5.576 07-23-36 759,000 769,992
JPMorgan Chase & Co. (5.717% to 9-14-32, then Overnight SOFR + 2.580%) (A) 5.717 09-14-33 355,000 368,365
JPMorgan Chase & Co. (A) 8.750 09-01-30 375,000 434,547
KeyCorp (5.121% to 4-4-30, then SOFR Compounded Index + 1.227%) (A)(C) 5.121 04-04-31 233,000 235,385
KeyCorp (5.305% to 1-28-36, then Overnight SOFR + 1.367%) 5.305 01-28-37 85,000 83,487
KeyCorp (6.401% to 3-6-34, then SOFR Compounded Index + 2.420%) 6.401 03-06-35 83,000 88,241
Lloyds Banking Group PLC (6.068% to 6-13-35, then 1 Year CMT + 1.600%) 6.068 06-13-36 238,000 243,789
Lloyds Banking Group PLC (6.625% to 9-27-35, then 5 Year CMT + 2.681%) (A)(C)(D) 6.625 09-27-35 200,000 196,384
Lloyds Banking Group PLC (6.750% to 9-27-31, then 5 Year CMT + 3.150%) (D) 6.750 09-27-31 200,000 205,756
M&T Bank Corp. (5.125% to 11-1-26, then 3 month CME Term SOFR + 3.782%) (D) 5.125 11-01-26 141,000 140,379
M&T Bank Corp. (5.179% to 7-8-30, then Overnight SOFR + 1.400%) 5.179 07-08-31 117,000 118,411
M&T Bank Corp. (5.295% to 4-18-31, then 5 Year CMT + 1.380%) 5.295 04-18-36 230,000 228,114
M&T Bank Corp. (5.385% to 1-16-35, then Overnight SOFR + 1.610%) 5.385 01-16-36 181,000 180,351
M&T Bank Corp. (5.400% to 7-30-30, then 5 Year CMT + 1.430%) (A)(C) 5.400 07-30-35 208,000 208,189
NatWest Group PLC (5.516% to 9-30-27, then 1 Year CMT + 2.270%) (A) 5.516 09-30-28 342,000 347,004
NatWest Group PLC (7.300% to 5-19-35, then 5 Year CMT + 2.937%) (A)(C)(D) 7.300 11-19-34 209,000 216,897
SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST 14
Table of Contents
Rate (%) Maturity date Par value^ Value
Financials (continued)
Banks (continued)
NatWest Group PLC (8.125% to 5-10-34, then 5 Year CMT + 3.752%) (A)(C)(D) 8.125 11-10-33 284,000 $313,557
Old National Bancorp (5.768% to 2-15-31, then 3 month CME Term SOFR + 2.200%) 5.768 02-15-36 82,000 81,846
Popular, Inc. (A)(C) 7.250 03-13-28 218,000 225,862
Regions Financial Corp. (5.502% to 9-6-34, then Overnight SOFR + 2.060%) (A)(C) 5.502 09-06-35 434,000 435,957
Regions Financial Corp. (5.722% to 6-6-29, then Overnight SOFR + 1.490%) (A) 5.722 06-06-30 98,000 100,699
Royal Bank of Canada (6.500% to 11-24-35, then 5 Year CMT + 2.462%) (A) 6.500 11-24-85 337,000 332,204
Santander Holdings USA, Inc. (A) 4.400 07-13-27 395,000 394,692
Societe Generale SA (5.375% to 11-18-30, then 5 Year CMT + 4.514%) (B)(D) 5.375 11-18-30 200,000 191,922
The PNC Financial Services Group, Inc. (4.812% to 10-21-31, then Overnight SOFR + 1.259%) (A) 4.812 10-21-32 236,000 235,663
The PNC Financial Services Group, Inc. (5.575% to 1-29-35, then Overnight SOFR + 1.394%) (A) 5.575 01-29-36 158,000 161,623
The PNC Financial Services Group, Inc. (5.939% to 8-18-33, then Overnight SOFR + 1.946%) (A) 5.939 08-18-34 158,000 166,106
The PNC Financial Services Group, Inc. (6.200% to 9-15-27, then 5 Year CMT + 3.238%) (A)(C)(D) 6.200 09-15-27 355,000 357,361
The PNC Financial Services Group, Inc. (6.250% to 3-15-30, then 7 Year CMT + 2.808%) (D) 6.250 03-15-30 216,000 219,499
Truist Financial Corp. (5.153% to 8-5-31, then Overnight SOFR + 1.571%) 5.153 08-05-32 234,000 237,069
Truist Financial Corp. (5.281% to 4-23-36, then Overnight SOFR + 1.414%) 5.281 04-23-37 134,000 132,121
Truist Financial Corp. (5.867% to 6-8-33, then Overnight SOFR + 2.361%) 5.867 06-08-34 504,000 524,572
Truist Financial Corp. (7.161% to 10-30-28, then Overnight SOFR + 2.446%) (A) 7.161 10-30-29 683,000 724,605
U.S. Bancorp (4.839% to 2-1-33, then Overnight SOFR + 1.600%) (A) 4.839 02-01-34 276,000 272,975
U.S. Bancorp (5.083% to 5-15-30, then Overnight SOFR + 1.296%) (A) 5.083 05-15-31 165,000 167,543
U.S. Bancorp (5.678% to 1-23-34, then Overnight SOFR + 1.860%) (A) 5.678 01-23-35 90,000 93,009
U.S. Bancorp (5.836% to 6-10-33, then Overnight SOFR + 2.260%) (A) 5.836 06-12-34 287,000 299,749
U.S. Bancorp (6.787% to 10-26-26, then Overnight SOFR + 1.880%) (A) 6.787 10-26-27 272,000 275,152
Wachovia Corp. (A) 7.574 08-01-26 465,000 468,675
15 JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS
Table of Contents
Rate (%) Maturity date Par value^ Value
Financials (continued)
Banks (continued)
Webster Financial Corp. (5.784% to 9-11-30, then 5 Year CMT + 2.125%) 5.784 09-11-35 84,000 $85,067
Wells Fargo & Company (4.808% to 7-25-27, then Overnight SOFR + 1.980%) (A) 4.808 07-25-28 621,000 623,573
Wells Fargo & Company (4.897% to 7-25-32, then Overnight SOFR + 2.100%) 4.897 07-25-33 438,000 437,112
Wells Fargo & Company (5.211% to 12-3-34, then Overnight SOFR + 1.380%) 5.211 12-03-35 176,000 175,731
Wells Fargo & Company (5.244% to 1-24-30, then Overnight SOFR + 1.110%) (A) 5.244 01-24-31 140,000 142,717
Wells Fargo & Company (6.491% to 10-23-33, then Overnight SOFR + 2.060%) 6.491 10-23-34 901,000 976,381
Capital markets 4.5%
Ares Capital Corp. (A) 7.000 01-15-27 325,000 329,273
Ares Strategic Income Fund (A)(B) 5.150 01-15-31 239,000 228,176
Ares Strategic Income Fund (A)(B) 5.450 09-09-28 103,000 102,241
Ares Strategic Income Fund (A) 5.600 02-15-30 169,000 165,899
Ares Strategic Income Fund (A) 5.700 03-15-28 34,000 34,024
Ares Strategic Income Fund (A)(B) 5.800 09-09-30 215,000 211,385
Ares Strategic Income Fund (A) 6.200 03-21-32 149,000 147,819
Ares Strategic Income Fund (A) 6.350 08-15-29 63,000 63,788
Blackstone Private Credit Fund (A) 5.050 09-10-30 198,000 189,733
Blackstone Private Credit Fund (A) 5.250 04-01-30 176,000 170,314
Blackstone Private Credit Fund (A) 5.950 07-16-29 131,000 131,081
Blackstone Private Credit Fund (A) 7.300 11-27-28 128,000 132,237
Brookfield Finance, Inc. (6.300% to 1-15-35, then 5 Year CMT + 2.076%) 6.300 01-15-55 112,000 108,371
Deutsche Bank AG (4.725% to 2-6-31, then Overnight SOFR + 1.135%) (A) 4.725 02-06-32 173,000 170,194
Deutsche Bank AG (5.297% to 5-9-30, then Overnight SOFR + 1.720%) (A) 5.297 05-09-31 154,000 155,682
Deutsche Bank AG (6.720% to 1-18-28, then Overnight SOFR + 3.180%) (A) 6.720 01-18-29 205,000 211,877
Deutsche Bank AG (7.079% to 11-10-32, then Overnight SOFR + 3.650%) (A) 7.079 02-10-34 265,000 284,887
HPS Corporate Lending Fund (A)(B) 5.150 04-02-29 66,000 64,624
HPS Corporate Lending Fund 5.450 11-15-30 59,000 57,088
HPS Corporate Lending Fund (A) 5.950 04-14-32 35,000 34,460
Intercontinental Exchange, Inc. 4.600 03-15-33 111,000 109,752
Lazard Group LLC (A) 4.375 03-11-29 189,000 187,160
Macquarie Group, Ltd. (5.033% to 1-15-29, then 3 month CME Term SOFR + 2.012%) (A)(B) 5.033 01-15-30 230,000 232,162
Morgan Stanley (4.708% to 3-12-31, then Overnight SOFR + 1.195%) (A) 4.708 03-12-32 267,000 264,940
SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST 16
Table of Contents
Rate (%) Maturity date Par value^ Value
Financials (continued)
Capital markets (continued)
Morgan Stanley (5.320% to 7-19-34, then Overnight SOFR + 1.555%) (A) 5.320 07-19-35 189,000 $190,506
Morgan Stanley (5.948% to 1-19-33, then 5 Year CMT + 2.430%) 5.948 01-19-38 531,000 547,025
MSCI, Inc. (A)(B) 3.625 11-01-31 305,000 283,035
S&P Global, Inc. (A) 2.900 03-01-32 111,000 101,359
Sixth Street Lending Partners (A) 5.750 01-15-30 102,000 101,421
Sixth Street Lending Partners (A) 6.125 07-15-30 79,000 79,365
The Bank of New York Mellon Corp. (4.942% to 2-11-30, then Overnight SOFR + 0.887%) (A) 4.942 02-11-31 140,000 141,902
The Goldman Sachs Group, Inc. (6.484% to 10-24-28, then Overnight SOFR + 1.770%) (A) 6.484 10-24-29 345,000 360,184
UBS Group AG (6.625% to 7-8-31, then 5 Year SOFR ICE Swap Rate + 3.240%) (A)(B)(C)(D) 6.625 01-08-31 200,000 201,392
UBS Group AG (7.000% to 8-10-30, then 5 Year SOFR ICE Swap Rate + 3.077%) (A)(B)(C)(D) 7.000 02-10-30 200,000 204,476
UBS Group AG (9.250% to 11-13-33, then 5 Year CMT + 4.758%) (B)(D) 9.250 11-13-33 400,000 466,816
Consumer finance 1.0%
Ally Financial, Inc. (5.548% to 7-31-32, then Overnight SOFR + 1.780%) 5.548 07-31-33 293,000 291,195
Ally Financial, Inc. (5.737% to 5-15-28, then SOFR Compouned Index + 1.960%) (A) 5.737 05-15-29 21,000 21,320
Ally Financial, Inc. (6.184% to 7-26-34, then Overnight SOFR + 2.290%) (A)(C) 6.184 07-26-35 170,000 172,478
Ally Financial, Inc. (7.100% to 8-15-31, then 5 Year CMT + 3.148%) (D) 7.100 08-15-31 168,000 167,868
Ally Financial, Inc. (A) 8.000 11-01-31 296,000 330,623
Bread Financial Holdings, Inc. (8.375% to 6-15-30, then 5 Year CMT + 4.300%) (B) 8.375 06-15-35 88,000 92,281
OneMain Finance Corp. 6.125 05-15-30 219,000 218,924
PHH Escrow Issuer LLC (B) 9.875 11-01-29 175,000 176,740
Financial services 1.2%
Apollo Debt Solutions BDC (A) 6.700 07-29-31 81,000 82,739
Apollo Debt Solutions BDC (A) 6.900 04-13-29 317,000 327,221
Block, Inc. (B) 5.625 08-15-30 68,000 68,069
Block, Inc. (B) 6.000 08-15-33 88,000 87,830
Enact Holdings, Inc. (A) 6.250 05-28-29 242,000 250,026
Freedom Mortgage Holdings LLC (B) 6.875 05-01-31 182,000 175,555
Freedom Mortgage Holdings LLC (B) 7.875 04-01-33 87,000 84,817
National Rural Utilities Cooperative Finance Corp. (A) 8.000 03-01-32 28,000 32,463
17 JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS
Table of Contents
Rate (%) Maturity date Par value^ Value
Financials (continued)
Financial services (continued)
NMI Holdings, Inc. (A) 6.000 08-15-29 126,000 $128,661
Radian Group, Inc. (A) 6.200 05-15-29 162,000 167,556
Rocket Companies, Inc. (B) 6.375 08-01-33 164,000 166,000
Stonebriar ABF Issuer LLC (B) 8.125 12-15-30 116,000 121,851
Insurance 2.5%
Asurion LLC (B) 8.375 02-01-34 186,000 183,509
Athene Global Funding (A)(B) 4.721 10-08-29 135,000 133,122
Athene Global Funding (A)(B) 5.322 11-13-31 162,000 161,378
Athene Holding, Ltd. (A)(C) 5.875 01-15-34 135,000 135,818
Athene Holding, Ltd. (6.625% to 10-15-34, then 5 Year CMT + 2.607%) 6.625 10-15-54 95,000 92,259
Augusta SpinCo Corp. (A) 4.945 03-23-33 85,000 84,587
CNA Financial Corp. (A) 3.900 05-01-29 150,000 147,005
CNO Financial Group, Inc. (A) 5.250 05-30-29 384,000 385,750
CNO Financial Group, Inc. (A) 6.450 06-15-34 121,000 125,656
CNO Global Funding (A)(B) 4.700 12-11-30 87,000 86,168
GA Global Funding Trust (A)(B) 4.500 09-18-30 258,000 250,419
GA Global Funding Trust (A)(B) 5.200 12-09-31 158,000 155,944
Global Atlantic Financial Company (7.950% to 10-15-29, then 5 Year CMT + 3.608%) (B) 7.950 10-15-54 68,000 68,192
Liberty Mutual Group, Inc. (4.125% to 12-15-26, then 5 Year CMT + 3.315%) (B) 4.125 12-15-51 203,000 200,781
MassMutual Global Funding II (A)(B) 4.350 09-17-31 200,000 196,427
MetLife, Inc. (6.400% to 12-15-36, then 3 month CME Term SOFR + 2.467%) (A) 6.400 12-15-36 355,000 363,656
Panther Escrow Issuer LLC (B) 7.125 06-01-31 211,000 211,988
Reinsurance Group of America, Inc. (6.650% to 9-15-35, then 5 Year CMT + 2.392%) (A)(C) 6.650 09-15-55 189,000 191,758
Teachers Insurance & Annuity Association of America (A)(B) 4.270 05-15-47 430,000 344,577
Mortgage real estate investment trusts 0.1%
Starwood Property Trust, Inc. (B) 6.000 04-15-30 158,000 159,847
Health care 4.4% 6,215,180
Biotechnology 1.2%
AbbVie, Inc. (A) 4.400 03-15-33 210,000 206,144
AbbVie, Inc. (A) 5.050 03-15-34 439,000 445,075
Amgen, Inc. (A) 5.250 03-02-33 741,000 758,297
Amgen, Inc. 5.650 03-02-53 277,000 266,370
Health care equipment and supplies 0.8%
Abbott Laboratories (A) 4.300 03-15-33 605,000 590,978
Medtronic Global Holdings SCA (A) 4.500 03-30-33 111,000 109,786
Solventum Corp. (A) 5.450 03-13-31 363,000 372,995
SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST 18
Table of Contents
Rate (%) Maturity date Par value^ Value
Health care (continued)
Health care providers and services 1.6%
Centene Corp. 4.250 12-15-27 38,000 $37,778
CVS Health Corp. (A) 5.000 09-15-32 233,000 233,731
DaVita, Inc. (B) 4.625 06-01-30 123,000 119,070
HCA, Inc. (A) 4.300 11-15-30 71,000 69,768
HCA, Inc. (A) 4.600 11-15-32 109,000 106,301
HCA, Inc. 5.000 05-15-33 245,000 243,384
HCA, Inc. (A) 5.450 04-01-31 193,000 198,150
HCA, Inc. (A) 5.500 06-01-33 230,000 235,279
Horizon Mutual Holdings, Inc. (B) 6.200 11-15-34 479,000 452,533
Humana, Inc. (A) 5.875 03-01-33 195,000 200,023
Rede D'Or Finance Sarl (B) 6.550 04-28-36 225,000 222,120
Tenet Healthcare Corp. (B) 5.500 11-15-32 184,000 183,531
Universal Health Services, Inc. (A) 2.650 10-15-30 51,000 46,083
Life sciences tools and services 0.1%
Thermo Fisher Scientific, Inc. (A) 4.473 10-07-32 112,000 110,714
Pharmaceuticals 0.7%
Endo Finance Holdings LP (A)(B)(C) 8.500 04-15-31 104,000 110,245
IQVIA, Inc. (A) 6.250 02-01-29 224,000 232,352
Merck & Company, Inc. (A) 4.450 12-04-32 111,000 109,942
Pfizer Investment Enterprises Pte, Ltd. (A) 4.750 05-19-33 111,000 110,524
Teva Pharmaceutical Finance Company LLC 6.150 02-01-36 36,000 37,716
Teva Pharmaceutical Finance Netherlands III BV 4.100 10-01-46 261,000 201,014
Teva Pharmaceutical Finance Netherlands IV BV 5.750 12-01-30 200,000 205,277
Industrials 7.2% 10,237,940
Aerospace and defense 0.8%
DAE Funding LLC (B) 4.950 01-15-33 272,000 261,449
Hexcel Corp. (A)(C) 4.900 05-15-31 33,000 33,018
Honeywell Aerospace, Inc. (A)(B) 4.600 03-16-33 142,000 140,202
The Boeing Company (A) 6.528 05-01-34 628,000 686,793
Building products 0.3%
Builders FirstSource, Inc. (B) 4.250 02-01-32 225,000 208,718
Builders FirstSource, Inc. (B) 6.375 03-01-34 199,000 198,012
Commercial services and supplies 0.3%
Cimpress PLC (B) 7.375 09-15-32 197,000 199,500
Garda World Security Corp. (B) 6.500 01-15-31 121,000 123,610
Waste Management, Inc. (A) 4.150 04-15-32 111,000 108,835
Construction and engineering 0.7%
CIMIC Finance USA Pty, Ltd. (A)(B) 7.000 03-25-34 217,000 230,984
CIMIC Finance, Ltd. (B) 6.000 04-22-36 170,000 167,766
HTA Group, Ltd. (A)(B)(C) 6.750 04-01-31 200,000 203,065
19 JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS
Table of Contents
Rate (%) Maturity date Par value^ Value
Industrials (continued)
Construction and engineering (continued)
MasTec, Inc. (A) 5.900 06-15-29 131,000 $135,067
WSP Global, Inc. (B) 5.714 09-18-36 232,000 230,590
Ground transportation 0.1%
Union Pacific Corp. (A) 2.800 02-14-32 111,000 101,248
Machinery 0.3%
Flowserve Corp. (A) 3.500 10-01-30 184,000 173,840
JB Poindexter & Company, Inc. (B) 8.750 12-15-31 101,000 104,661
Novartis Capital Corp. (A) 4.600 03-18-33 224,000 222,435
Passenger airlines 3.2%
Air Canada 2020-1 Class C Pass Through Trust (B) 10.500 07-15-26 107,000 108,199
American Airlines 2016-1 Class A Pass Through Trust (A) 4.100 01-15-28 193,474 190,267
American Airlines 2016-3 Class A Pass Through Trust (A) 3.250 10-15-28 26,356 25,216
American Airlines 2017-1 Class A Pass Through Trust (A) 4.000 02-15-29 125,418 122,344
American Airlines 2017-1 Class AA Pass Through Trust (A) 3.650 02-15-29 170,250 166,092
American Airlines 2017-2 Class A Pass Through Trust (A) 3.600 10-15-29 135,518 128,889
American Airlines 2019-1 Class A Pass Through Trust (A) 3.500 02-15-32 248,188 227,372
American Airlines 2019-1 Class AA Pass Through Trust (A) 3.150 02-15-32 174,676 163,546
American Airlines 2019-1 Class B Pass Through Trust 3.850 02-15-28 89,642 87,671
American Airlines 2021-1 Class A Pass Through Trust (A) 2.875 07-11-34 297,309 267,173
American Airlines 2021-1 Class B Pass Through Trust (A) 3.950 07-11-30 189,745 180,951
American Airlines 2025-1 Class A Pass Through Trust 4.900 05-11-38 204,000 198,900
American Airlines 2025-1 Class B Pass Through Trust 5.650 11-11-34 90,000 89,474
American Airlines 2026-1 Class A Pass Through Trust (F) 5.250 11-10-38 235,000 234,706
American Airlines 2026-1 Class B Pass Through Trust (F) 5.750 05-10-35 245,000 245,000
American Airlines, Inc. (A)(B)(C) 7.250 02-15-28 166,000 168,228
British Airways 2018-1 Class A Pass Through Trust (A)(B) 4.125 09-20-31 67,261 65,112
Delta Air Lines, Inc. (A) 5.250 07-10-30 105,000 105,820
JetBlue 2019-1 Class AA Pass Through Trust (A) 2.750 05-15-32 233,858 206,582
JetBlue 2020-1 Class A Pass Through Trust (A) 4.000 11-15-32 74,010 69,806
SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST 20
Table of Contents
Rate (%) Maturity date Par value^ Value
Industrials (continued)
Passenger airlines (continued)
United Airlines 2016-1 Class A Pass Through Trust (A) 3.450 07-07-28 226,663 $219,345
United Airlines 2019-1 Class A Pass Through Trust (A) 4.550 08-25-31 178,885 173,127
United Airlines 2020-1 Class A Pass Through Trust (A) 5.875 10-15-27 64,720 65,874
United Airlines 2023-1 Class A Pass Through Trust (A) 5.800 01-15-36 324,184 336,000
United Airlines 2024-1 Class A Pass Through Trust (A) 5.875 02-15-37 180,431 181,128
United Airlines 2024-1 Class AA Pass Through Trust (A) 5.450 02-15-37 214,262 218,318
United Airlines Holdings, Inc. 4.875 03-01-29 137,000 134,953
United Airlines Holdings, Inc. 5.375 03-01-31 102,000 100,533
United Airlines, Inc. (A)(B) 4.625 04-15-29 64,000 63,176
Trading companies and distributors 1.5%
AerCap Ireland Capital DAC 3.300 01-30-32 672,000 614,233
AerCap Ireland Capital DAC 6.450 04-15-27 405,000 412,439
AerCap Ireland Capital DAC (6.500% to 1-31-31, then 5 Year CMT + 2.441%) 6.500 01-31-56 150,000 152,701
Ashtead Capital, Inc. (A)(B) 5.550 05-30-33 263,000 266,820
BlueLinx Holdings, Inc. (B) 6.000 11-15-29 161,000 156,359
Sumisho Air Lease Corp. (A) 5.100 03-01-29 165,000 166,561
Sumisho Air Lease Corp. (A) 5.850 12-15-27 290,000 295,489
WESCO Distribution, Inc. (B) 5.500 04-15-34 100,000 99,743
Information technology 4.6% 6,565,643
Electronic equipment, instruments and components 0.3%
Amphenol Corp. (A) 4.400 02-15-33 111,000 108,501
Jabil, Inc. (A) 4.750 02-01-33 101,000 98,373
TD SYNNEX Corp. 5.300 10-10-35 217,000 212,557
IT services 0.3%
CoreWeave, Inc. (A)(B)(C) 9.000 02-01-31 153,000 152,030
CoreWeave, Inc. (B) 9.250 06-01-30 118,000 119,488
CoreWeave, Inc. (B) 9.750 10-01-31 112,000 112,649
Semiconductors and semiconductor equipment 1.8%
Broadcom, Inc. (A) 3.419 04-15-33 588,000 538,730
Broadcom, Inc. (A) 4.550 02-15-32 93,000 92,423
Broadcom, Inc. (A) 4.800 02-15-36 217,000 211,770
Broadcom, Inc. (A) 4.900 07-15-32 330,000 333,155
Foundry JV Holdco LLC (B) 6.100 01-25-36 271,000 284,489
Foundry JV Holdco LLC (B) 6.250 01-25-35 380,000 401,243
Kioxia Holdings Corp. (B) 6.625 07-24-33 308,000 321,971
KLA Corp. (A) 4.650 07-15-32 112,000 112,568
21 JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS
Table of Contents
Rate (%) Maturity date Par value^ Value
Information technology (continued)
Semiconductors and semiconductor equipment (continued)
Qorvo, Inc. (B) 3.375 04-01-31 95,000 $86,795
Qorvo, Inc. 4.375 10-15-29 129,000 126,522
Software 1.4%
Fair Isaac Corp. (B) 6.250 09-15-34 313,000 308,101
HUT 8 DC LLC (B) 6.192 11-15-42 166,000 167,374
Oracle Corp. 4.700 09-27-34 159,000 145,206
Oracle Corp. (A) 4.800 09-26-32 136,000 129,318
Oracle Corp. (A) 5.250 02-03-32 159,000 156,721
Oracle Corp. 5.550 02-06-53 371,000 295,119
Oracle Corp. 5.700 02-04-36 167,000 160,378
Oracle Corp. (A) 6.250 11-09-32 595,000 610,711
WULF Compute LLC (B) 7.750 10-15-30 70,000 73,570
Technology hardware, storage and peripherals 0.8%
CDW LLC (A) 5.100 03-01-30 75,000 75,219
Dell International LLC (A) 4.500 02-15-31 285,000 282,145
Dell International LLC (A) 4.750 10-06-32 235,000 232,408
Dell International LLC (A) 5.300 04-01-32 240,000 244,683
Dell International LLC (A)(C) 5.400 04-15-34 365,000 371,426
Materials 1.5% 2,126,358
Chemicals 0.2%
SNF Group SACA (A)(B) 5.626 03-31-31 257,000 260,125
Construction materials 0.6%
Cemex SAB de CV (B) 3.875 07-11-31 255,000 241,298
JH North America Holdings, Inc. (B) 5.875 01-31-31 45,000 44,979
JH North America Holdings, Inc. (B) 6.125 07-31-32 163,000 163,346
Quikrete Holdings, Inc. (B) 6.375 03-01-32 67,000 68,057
Standard Building Solutions, Inc. (B) 5.875 03-15-34 163,000 158,905
Standard Building Solutions, Inc. (B) 6.250 08-01-33 125,000 124,920
Containers and packaging 0.2%
Clydesdale Acquisition Holdings, Inc. (B) 6.875 01-15-30 163,000 159,365
Graphic Packaging International LLC (B) 3.500 03-01-29 165,000 156,567
Metals and mining 0.5%
Anglo American Capital PLC (B) 5.000 03-21-33 200,000 197,804
Freeport-McMoRan, Inc. (A) 5.400 11-14-34 165,000 167,922
Mineral Resources, Ltd. (B) 6.000 05-01-32 43,000 42,667
Mineral Resources, Ltd. (B) 6.250 05-01-34 43,000 42,459
Novelis Corp. (B) 4.750 01-30-30 193,000 184,891
Rio Tinto Finance USA PLC (A) 5.000 03-14-32 111,000 113,053
SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST 22
Table of Contents
Rate (%) Maturity date Par value^ Value
Real estate 2.5% $3,521,852
Hotel and resort REITs 0.1%
XHR LP (B) 6.625 05-15-30 113,000 115,622
Industrial REITs 0.4%
Prologis Targeted U.S. Logistics Fund LP (A)(B) 4.250 01-15-31 120,000 117,665
Prologis Targeted U.S. Logistics Fund LP (A)(B) 4.625 03-15-33 213,000 207,092
Trust 2401 (A)(B)(C) 7.375 02-13-34 233,000 252,922
Office REITs 0.1%
Vornado Realty LP 5.750 02-01-33 181,000 181,307
Specialized REITs 1.9%
American Tower Corp. (A) 4.700 12-15-32 167,000 164,945
American Tower Corp. (A) 5.200 02-15-29 830,000 844,650
American Tower Trust I (A)(B) 5.490 03-15-28 300,000 303,091
GLP Capital LP 6.750 12-01-33 90,000 95,534
Iron Mountain Information Management Services, Inc. (B) 5.000 07-15-32 139,000 134,213
Iron Mountain, Inc. (B) 5.250 07-15-30 130,000 128,655
Millrose Properties, Inc. (B) 6.375 08-01-30 205,000 207,617
SBA Tower Trust (A)(B) 6.599 01-15-28 96,000 97,503
VICI Properties LP (A)(B) 3.875 02-15-29 151,000 146,999
VICI Properties LP (A) 5.125 11-15-31 274,000 273,212
VICI Properties LP (A) 5.125 05-15-32 253,000 250,825
Utilities 7.9% 11,214,910
Electric utilities 4.6%
American Electric Power Company, Inc. (A) 5.625 03-01-33 51,000 52,749
American Electric Power Company, Inc. (5.800% to 3-15-31, then 5 Year CMT + 2.128%) 5.800 03-15-56 114,000 113,360
American Electric Power Company, Inc. (6.050% to 3-15-36, then 5 Year CMT + 1.940%) 6.050 03-15-56 55,000 54,825
Constellation Energy Generation LLC (A) 4.400 01-15-31 106,000 104,901
Constellation Energy Generation LLC 6.500 10-01-53 138,000 146,593
Dominion Energy South Carolina, Inc. (A) 5.300 05-15-33 160,000 164,295
Duke Energy Corp. 5.750 09-15-33 186,000 194,517
Electricite de France SA (A)(B) 5.650 04-22-29 319,000 328,708
Electricite de France SA (9.125% to 6-15-33, then 5 Year CMT + 5.411%) (B)(D) 9.125 03-15-33 596,000 694,963
Entergy Corp. (5.875% to 6-15-31, then 5 Year CMT + 2.179%) 5.875 06-15-56 229,000 229,093
Entergy Corp. (6.100% to 6-15-36, then 5 Year CMT + 2.013%) (A)(C) 6.100 06-15-56 115,000 114,602
Exelon Corp. (A) 5.125 03-15-31 86,000 87,302
Exelon Corp. (6.500% to 3-15-35, then 5 Year CMT + 1.975%) (A)(C) 6.500 03-15-55 54,000 55,844
Georgia Power Company (A) 4.950 05-17-33 111,000 111,784
23 JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS
Table of Contents
Rate (%) Maturity date Par value^ Value
Utilities (continued)
Electric utilities (continued)
Monongahela Power Company (A)(B) 5.400 12-15-43 50,000 $47,389
NextEra Energy Capital Holdings, Inc. (A) 5.000 07-15-32 90,000 90,911
NextEra Energy Capital Holdings, Inc. (6.375% to 8-15-30, then 5 Year CMT + 2.053%) 6.375 08-15-55 125,000 127,567
NextEra Energy Capital Holdings, Inc. (6.500% to 8-15-35, then 5 Year CMT + 1.979%) 6.500 08-15-55 45,000 46,791
NRG Energy, Inc. (B) 3.625 02-15-31 132,000 122,620
NRG Energy, Inc. (B) 3.875 02-15-32 291,000 269,235
NRG Energy, Inc. (B) 5.407 10-15-35 171,000 167,718
NRG Energy, Inc. 5.750 01-15-28 250,000 250,291
NRG Energy, Inc. (B) 5.750 01-15-34 102,000 101,246
NRG Energy, Inc. (B) 6.000 02-01-33 96,000 96,742
NRG Energy, Inc. (B) 6.125 05-15-36 126,000 125,524
NRG Energy, Inc. (A)(B) 7.000 03-15-33 329,000 357,638
NRG Energy, Inc. (10.250% to 3-15-28, then 5 Year CMT + 5.920%) (B)(D) 10.250 03-15-28 289,000 313,941
Pacific Gas & Electric Company (A) 5.800 05-15-34 179,000 183,569
PacifiCorp (7.125% to 8-15-31, then 5 Year CMT + 3.292%) 7.125 08-15-56 187,000 186,390
PacifiCorp (7.375% to 9-15-30, then 5 Year CMT + 3.319%) 7.375 09-15-55 189,000 191,622
PG&E Corp. (6.850% to 9-15-31, then 5 Year CMT + 3.225%) 6.850 09-15-56 120,000 119,976
PG&E Corp. (7.375% to 3-15-30, then 5 Year CMT + 3.883%) 7.375 03-15-55 292,000 300,339
Progress Energy, Inc. (A) 7.750 03-01-31 470,000 528,716
The Southern Company (A) 5.700 03-15-34 150,000 155,373
The Southern Company (6.375% to 3-15-35, then 5 Year CMT + 2.069%) 6.375 03-15-55 225,000 231,760
Gas utilities 0.2%
AltaGas, Ltd. (7.200% to 10-15-34, then 5 Year CMT + 3.573%) (B) 7.200 10-15-54 307,000 318,954
Independent power and renewable electricity producers 1.5%
AES Panama Generation Holdings SRL (B) 4.375 05-31-30 217,508 204,457
Capital Power US Holdings, Inc. (A)(B) 5.257 06-01-28 91,000 91,638
Capital Power US Holdings, Inc. (B) 6.189 06-01-35 155,000 159,923
Vistra Corp. (8.000% to 10-15-26, then 5 Year CMT + 6.930%) (B)(D) 8.000 10-15-26 141,000 142,239
Vistra Operations Company LLC (B) 3.700 01-30-27 486,000 483,045
Vistra Operations Company LLC (B) 4.300 07-15-29 147,000 144,260
Vistra Operations Company LLC (B) 4.700 01-31-31 84,000 82,698
Vistra Operations Company LLC (A)(B) 5.000 04-30-31 236,000 235,329
Vistra Operations Company LLC (A)(B) 5.250 04-30-33 233,000 232,173
Vistra Operations Company LLC (B) 6.000 04-15-34 186,000 191,926
Vistra Operations Company LLC (B) 6.950 10-15-33 213,000 231,936
SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST 24
Table of Contents
Rate (%) Maturity date Par value^ Value
Utilities (continued)
Multi-utilities 1.6%
CenterPoint Energy, Inc. (5.950% to 4-1-31, then 5 Year CMT + 2.223%) 5.950 04-01-56 137,000 $136,437
CenterPoint Energy, Inc. (6.850% to 2-15-35, then 5 Year CMT + 2.946%) (A)(C) 6.850 02-15-55 74,000 78,148
CenterPoint Energy, Inc. (7.000% to 2-15-30, then 5 Year CMT + 3.254%) 7.000 02-15-55 311,000 320,837
Dominion Energy, Inc. (6.000% to 2-15-31, then 5 Year CMT + 2.262%) 6.000 02-15-56 183,000 183,096
Dominion Energy, Inc. (6.200% to 2-15-36, then 5 Year CMT + 2.006%) (A)(C) 6.200 02-15-56 227,000 227,419
Dominion Energy, Inc. (6.875% to 2-1-30, then 5 Year CMT + 2.386%) 6.875 02-01-55 171,000 177,177
Dominion Energy, Inc. (7.000% to 6-1-34, then 5 Year CMT + 2.511%) 7.000 06-01-54 120,000 127,955
NiSource, Inc. (A) 5.350 04-01-34 165,000 168,536
NiSource, Inc. (A) 5.400 06-30-33 115,000 117,858
NiSource, Inc. (5.750% to 7-15-31, then 5 Year CMT + 2.035%) 5.750 07-15-56 183,000 183,033
San Diego Gas & Electric Company (A) 5.200 03-15-36 65,000 64,833
Sempra (A)(C) 5.500 08-01-33 147,000 151,451
Sempra (6.400% to 10-1-34, then 5 Year CMT + 2.632%) 6.400 10-01-54 176,000 177,359
WEC Energy Group, Inc. (5.625% to 5-15-31, then 5 Year CMT + 1.905%) 5.625 05-15-56 114,000 113,299
Municipal bonds 0.1% (0.1% of Total investments) $126,975
(Cost $176,000)
Golden State Tobacco Securitization Corp. (California) 4.214 06-01-50 176,000 126,975
Term loans (G) 0.3% (0.2% of Total investments) $521,854
(Cost $521,709)
Health care 0.0% 78,848
Pharmaceuticals 0.0%
Endo Finance Holdings LP, 2024 1st Lien Term Loan (1 month CME Term SOFR + 3.750%) 7.402 04-23-31 79,785 78,848
Industrials 0.2% 326,142
Commercial services and supplies 0.1%
GFL ES US LLC, 2025 Term Loan B (3 month CME Term SOFR + 2.500%) 6.166 03-03-32 95,520 95,639
Trading companies and distributors 0.1%
Gloves Buyer, Inc., 2025 Term Loan (1 month CME Term SOFR + 4.000%) 7.652 05-21-32 230,840 230,503
25 JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS
Table of Contents
Rate (%) Maturity date Par value^ Value
Materials 0.1% $116,864
Construction materials 0.1%
Quikrete Holdings, Inc., 2025 Term Loan B (1 month CME Term SOFR + 2.250%) 5.902 02-10-32 116,820 116,864
Collateralized mortgage obligations 12.2% (7.4% of Total investments) $17,375,322
(Cost $20,266,264)
Commercial and residential 10.6% 15,136,551
A&D Mortgage Trust
Series 2025-NQM5, Class A1 (5.120% to 11-1-29, then 6.120% thereafter) (B) 5.120 12-25-70 110,322 109,957
Series 2026-NQM1, Class A1 (B)(H) 4.912 02-25-71 148,168 147,039
Series 2026-NQM2, Class A1 (B)(H) 4.811 03-25-71 219,547 218,153
Angel Oak Mortgage Trust LLC
Series 2024-3, Class A1 (4.800% to 2-1-28, then 5.800% thereafter) (B) 4.800 11-26-68 141,009 140,046
Series 2025-10, Class A1 (B)(H) 4.960 09-25-70 77,627 77,333
Series 2025-11, Class A1 (B)(H) 4.975 10-25-70 118,915 118,472
Series 2026-1, Class A1 (B)(H) 4.747 02-25-71 210,682 208,843
Avenue of Americas
Series 2025-1301, Class A (B)(H) 5.227 08-11-42 180,000 180,788
BAHA Trust
Series 2024-MAR, Class A (B)(H) 6.171 12-10-41 231,000 236,089
BAMLL Commercial Mortgage Securities Trust
Series 2019-BPR, Class ENM (B)(H) 3.843 11-05-32 175,000 159,369
BANK5
Series 2025-5YR18, Class A3 5.145 12-15-58 161,000 163,646
Series 2025-5YR19, Class A3 5.270 12-15-58 109,000 111,318
Series 2026-5YR20, Class A3 5.104 02-15-59 69,000 70,061
Series 2026-5YR21, Class A3 5.525 04-15-59 110,000 113,500
BBCMS Mortgage Trust
Series 2020-C6, Class A2 2.690 02-15-53 110,843 104,222
Series 2024-5C29, Class A3 5.208 09-15-57 63,000 63,929
Series 2024-5C31, Class A3 5.609 12-15-57 66,000 67,977
Series 2025-5C38, Class A3 5.146 11-15-58 129,000 131,064
Series 2026-5C40, Class A3 5.248 02-15-59 112,000 114,344
Series 2026-5C41, Class A1 (F) 5.438 05-15-69 157,000 161,704
Benchmark Mortgage Trust
Series 2019-B12, Class A2 3.001 08-15-52 60,870 59,884
Series 2024-V12, Class A3 5.738 12-15-57 220,000 227,200
Series 2026-V20, Class A3 5.184 02-15-59 85,000 86,519
BMO Mortgage Trust
Series 2024-5C8, Class A3 (H) 5.625 12-15-57 68,000 69,880
BRAVO Residential Funding Trust
Series 2023-NQM7, Class A2 (7.383% to 10-1-27, then 8.383% thereafter) (B) 7.383 09-25-63 351,963 354,430
BX Trust
Series 2019-OC11, Class A (B) 3.202 12-09-41 96,000 91,048
Series 2022-CLS, Class A (B) 5.760 10-13-27 221,000 221,002
SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST 26
Table of Contents
Rate (%) Maturity date Par value^ Value
Commercial and residential (continued)
CENT Trust
Series 2025-CITY, Class A (B)(H) 5.091 07-10-40 125,000 $125,581
Citigroup Commercial Mortgage Trust
Series 2023-SMRT, Class A (B)(H) 6.015 06-12-40 177,000 180,546
COLT Mortgage Loan Trust
Series 2025-6, Class A1 (5.529% to 7-1-29, then 6.529% thereafter) (B) 5.529 08-25-70 89,423 89,907
Commercial Mortgage Trust (Citigroup/Deutsche Bank AG)
Series 2018-COR3, Class XA IO 0.576 05-10-51 3,768,656 25,919
Cross Mortgage Trust
Series 2025-H8, Class A1 (B)(H) 5.003 11-25-70 110,012 109,665
Series 2025-H9, Class A1 (B)(H) 5.036 11-25-70 138,373 138,020
Series 2026-NQM1, Class A1 (B)(H) 4.699 02-25-61 194,168 192,565
Ellington Financial Mortgage Trust
Series 2022-4, Class A1 (5.900% to 12-1-26, then 6.900% thereafter) (B) 5.900 09-25-67 279,510 279,302
Series 2023-1, Class A1 (5.732% to 1-1-27, then 6.732% thereafter) (B) 5.732 02-25-68 277,917 277,574
Series 2025-INV4, Class A1 (B) 5.100 10-25-70 95,717 95,566
Series 2026-NQM1, Class A1 (B)(H) 4.771 02-25-71 107,818 107,085
GCAT Trust
Series 2023-NQM2, Class A1 (5.837% to 1-1-27, then 6.837% thereafter) (B) 5.837 11-25-67 285,532 284,615
Series 2023-NQM3, Class A1 (6.889% to 9-1-27, then 7.889% thereafter) (B) 6.889 08-25-68 238,152 239,401
Series 2025-NQM5, Class A1 (B)(H) 4.981 08-25-70 134,511 133,979
GGP Trust
Series 2026-TY, Class A (B)(H) 4.825 03-05-43 176,000 174,263
GS Mortgage-Backed Securities Trust
Series 2023-CCM1, Class A1 (B)(H) 6.650 08-25-53 239,210 238,498
HarborView Mortgage Loan Trust
Series 2007-3, Class ES IO (B) 0.350 05-19-37 1,888,576 30,646
Series 2007-4, Class ES IO 0.350 07-19-37 1,909,657 29,029
Series 2007-6, Class ES IO (B) 0.343 08-19-37 2,059,928 35,681
Hudson Yards Mortgage Trust
Series 2025-SPRL, Class A (B)(H) 5.649 01-13-40 200,000 204,731
Imperial Fund Mortgage Trust
Series 2023-NQM1, Class A1 (5.941% to 1-1-27, then 6.941% thereafter) (B) 5.941 02-25-68 256,434 256,731
JPMorgan Chase Commercial Mortgage Securities Trust
Series 2020-NNN, Class AFX (B) 2.812 01-16-37 195,000 175,502
Morgan Stanley Residential Mortgage Loan Trust
Series 2025-NQM10, Class A1 (B)(H) 5.119 11-25-70 94,524 94,284
MTN Commercial Mortgage Trust
Series 2026-LPFX, Class A (B)(H) 5.153 05-15-43 100,000 100,053
Natixis Commercial Mortgage Securities Trust
Series 2018-ALXA, Class C (B)(H) 4.460 01-15-43 175,000 164,712
27 JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS
Table of Contents
Rate (%) Maturity date Par value^ Value
Commercial and residential (continued)
New Residential Mortgage Loan Trust
Series 2022-NQM4, Class A1 (5.000% to 6-1-26, then 6.000% thereafter) (B) 5.000 06-25-62 422,320 $419,270
Series 2023-NQM1, Class A1A (6.864% to 9-1-27, then 7.864% thereafter) (B) 6.864 10-25-63 257,863 259,429
Series 2025-NQM6, Class A1 (B)(H) 5.085 10-25-65 164,941 164,652
Series 2026-NQM1, Class A1 (B)(H) 4.824 11-25-65 114,371 113,519
Series 2026-NQM2, Class A1 (B)(H) 4.743 12-25-65 97,611 96,718
NXPT Commercial Mortgage Trust
Series 2024-STOR, Class A (B)(H) 4.455 11-05-41 138,000 135,836
OBX Trust
Series 2022-NQM7, Class A1 (5.110% to 8-1-26, then 6.110% thereafter) (B) 5.110 08-25-62 382,594 381,709
Series 2023-NQM5, Class A1A (6.567% to 6-1-27, then 7.567% thereafter) (B) 6.567 06-25-63 213,361 213,162
Series 2024-NQM11, Class A2 (6.128% to 7-1-28, then 7.079% thereafter) (B) 6.128 06-25-64 337,762 339,850
Series 2025-NQM18, Class A1 (B)(H) 5.057 09-25-65 81,602 81,490
Series 2025-NQM19, Class A1 (B)(H) 4.869 10-25-65 118,613 117,918
Series 2025-NQM20, Class A1 (B)(H) 5.021 10-25-65 137,390 137,193
Series 2025-NQM21, Class A1 (B)(H) 4.989 10-25-65 92,210 92,012
Series 2025-NQM23, Class A1 (B)(H) 4.872 10-25-65 166,348 165,666
Series 2026-NQM1, Class A1 (B)(H) 4.846 11-25-65 112,704 112,079
Series 2026-NQM2, Class A1 (B)(H) 4.818 12-01-65 242,796 241,470
Series 2026-NQM3, Class A1 (B)(H) 4.652 01-25-66 200,661 198,984
PRKCM Trust
Series 2026-AFC1, Class A1 (B)(H) 4.677 02-25-61 99,081 98,117
Progress Residential Trust
Series 2025-SFR1, Class A (B) 3.400 02-17-42 160,185 152,076
Series 2025-SFR2, Class A (B) 3.305 04-17-42 126,088 118,603
Series 2025-SFR5, Class A (B) 3.850 10-17-42 137,785 131,949
Series 2025-SFR6, Class A (B) 4.000 12-17-42 145,000 139,787
Series 2026-SFR1, Class A (B) 3.850 02-17-43 122,000 116,061
Series 2026-SFR2, Class A (B) 4.240 05-17-43 128,000 123,857
ROCK Trust
Series 2024-CNTR, Class A (B) 5.388 11-13-41 375,000 380,485
Series 2024-CNTR, Class D (B) 7.109 11-13-41 234,000 244,931
SLG Office Trust
Series 2026-OMA, Class A (B)(H) 4.965 04-15-41 212,000 212,766
Starwood Mortgage Residential Trust
Series 2022-4, Class A1 (5.192% to 6-1-26, then 6.192% thereafter) (B) 5.192 05-25-67 290,088 288,740
Towd Point Mortgage Trust
Series 2019-1, Class A1 (B)(H) 3.750 03-25-58 82,433 80,188
Series 2024-4, Class A1A (B)(H) 4.531 10-27-64 222,100 222,514
VDCM Commercial Mortgage Trust
Series 2025-AZ, Class A (B)(H) 5.229 07-13-44 137,000 137,127
Verus Securitization Trust
SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST 28
Table of Contents
Rate (%) Maturity date Par value^ Value
Commercial and residential (continued)
Series 2023-5, Class A1 (6.476% to 6-1-27, then 7.476% thereafter) (B) 6.476 06-25-68 179,339 $179,114
Series 2023-6, Class A1 (6.665% to 9-1-27, then 7.665% thereafter) (B) 6.665 09-25-68 225,734 226,553
Series 2023-8, Class A2 (6.664% to 12-1-27, then 7.664% thereafter) (B) 6.664 12-25-68 211,368 212,424
Series 2024-1, Class A3 (6.118% to 1-1-28, then 7.118% thereafter) (B) 6.118 01-25-69 327,265 327,961
Series 2025-11, Class A1 (B)(H) 4.914 11-25-70 180,363 179,859
Series 2025-R2, Class A1 (B)(H) 5.086 07-25-67 95,527 95,125
Series 2026-2, Class A1 (B)(H) 4.590 02-25-71 150,898 149,684
Wells Fargo Commercial Mortgage Trust
Series 2025-5C4, Class A3 5.673 05-15-58 135,000 139,577
Series 2025-5C6, Class A3 5.186 10-15-58 156,000 158,697
WHARF Commercial Mortgage Trust
Series 2025-DC, Class A (B)(H) 5.528 07-15-40 155,000 157,727
U.S. Government Agency 1.6% 2,238,771
Government National Mortgage Association
Series 2012-114, Class IO (A) 0.636 01-16-53 320,243 4,653
Series 2016-174, Class IO (A) 0.724 11-16-56 488,368 14,625
Series 2017-109, Class IO 0.202 04-16-57 413,251 3,228
Series 2017-124, Class IO (A) 0.633 01-16-59 361,555 12,803
Series 2017-135, Class IO 0.692 10-16-58 967,271 32,334
Series 2017-140, Class IO 0.485 02-16-59 525,739 13,017
Series 2017-20, Class IO (A) 0.476 12-16-58 1,092,580 20,786
Series 2017-22, Class IO (A) 0.739 12-16-57 307,901 10,257
Series 2017-46, Class IO (A) 0.651 11-16-57 784,744 28,472
Series 2017-61, Class IO (A) 0.688 05-16-59 388,032 12,952
Series 2017-74, Class IO (A) 0.385 09-16-58 927,375 12,740
Series 2018-114, Class IO (A) 0.592 04-16-60 586,816 22,307
Series 2018-158, Class IO (A) 0.800 05-16-61 1,162,263 64,708
Series 2018-35, Class IO 0.545 03-16-60 1,400,781 41,857
Series 2018-43, Class IO (A) 0.455 05-16-60 1,448,132 44,949
Series 2018-69, Class IO (A) 0.610 04-16-60 596,972 26,015
Series 2018-9, Class IO (A) 0.444 01-16-60 1,127,818 32,181
Series 2019-131, Class IO (A) 0.803 07-16-61 875,770 48,333
Series 2020-100, Class IO (A) 0.787 05-16-62 1,022,242 59,328
Series 2020-108, Class IO (A) 0.847 06-16-62 1,141,122 67,852
Series 2020-114, Class IO 0.799 09-16-62 2,344,566 126,768
Series 2020-118, Class IO (A) 0.887 06-16-62 1,748,304 106,570
Series 2020-119, Class IO (A) 0.607 08-16-62 975,655 43,212
Series 2020-120, Class IO (A) 0.759 05-16-62 530,064 29,959
Series 2020-137, Class IO (A) 0.799 09-16-62 2,800,925 166,821
Series 2020-150, Class IO 0.967 12-16-62 1,553,243 103,040
Series 2020-170, Class IO (A) 0.836 11-16-62 2,107,097 131,398
29 JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS
Table of Contents
Rate (%) Maturity date Par value^ Value
U.S. Government Agency (continued)
Series 2021-203, Class IO (A) 0.870 07-16-63 1,641,106 $102,653
Series 2021-3, Class IO (A) 0.871 09-16-62 2,697,321 166,290
Series 2021-40, Class IO (A) 0.823 02-16-63 654,639 38,788
Series 2022-150, Class IO 0.823 06-16-64 246,553 13,509
Series 2022-17, Class IO (A) 0.802 06-16-64 1,418,895 76,652
Series 2022-181, Class IO 0.721 07-16-64 762,253 44,488
Series 2022-21, Class IO (A) 0.785 10-16-63 626,067 37,319
Series 2022-53, Class IO 0.703 06-16-64 2,325,212 101,579
Series 2023-197, Class IO (A) 1.244 09-16-65 503,546 40,615
Series 2024-179, Class XI IO (A) 0.831 12-16-66 1,876,879 128,178
Series 2025-126, Class IO 0.767 05-16-67 946,852 64,714
Series 2025-128, Class IO 0.926 09-16-67 1,819,567 142,821
Asset-backed securities 11.8% (7.2% of Total investments) $16,695,182
(Cost $16,746,341)
Asset-backed securities 11.8% 16,695,182
ABPCI Direct Lending Fund I, Ltd.
Series 2020-1A, Class A (B) 3.199 12-29-30 55,472 50,494
Aligned Data Centers Issuer LLC
Series 2023-2A, Class A2 (B) 6.500 11-16-48 164,000 165,375
Ally Auto Receivables Trust
Series 2022-3, Class A4 5.070 10-16-28 349,787 350,031
American Express Credit Account Master Trust
Series 2023-4, Class A 5.150 09-16-30 670,000 684,937
AMSR Trust
Series 2025-SFR1, Class A (B) 3.655 06-17-42 100,000 95,376
Series 2025-SFR2, Class A (B) 4.275 11-17-42 111,000 108,278
ARI Fleet Lease Trust
Series 2023-B, Class A2 (B) 6.050 07-15-32 79,872 80,255
Avis Budget Rental Car Funding AESOP LLC
Series 2023-1A, Class A (B) 5.250 04-20-29 580,000 587,771
Canon Music Issuer Trust
Series 2026-1A, Class A (B) 5.521 05-01-76 100,000 100,154
Carmax Auto Owner Trust
Series 2023-3, Class A4 5.260 02-15-29 100,000 101,081
Series 2026-2, Class A3 4.220 06-16-31 133,000 132,975
CARS-DB7 LP
Series 2023-1A, Class A1 (B) 5.750 09-15-53 411,217 412,538
Chesapeake Funding II LLC
Series 2023-2A, Class A1 (B) 6.160 10-15-35 184,019 185,309
CLI Funding IX LLC
Series 2025-1A, Class A (B) 5.350 06-20-50 145,426 145,691
Compass Datacenters Issuer II LLC
Series 2024-1A, Class A1 (B) 5.250 02-25-49 134,000 134,176
Series 2025-1A, Class A1 (B) 5.316 05-25-50 136,000 136,454
Compass Datacenters Issuer III LLC
Series 2025-2A, Class A2 (B) 5.835 02-25-50 73,000 73,538
Concord Music Royalties LLC
SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST 30
Table of Contents
Rate (%) Maturity date Par value^ Value
Asset-backed securities (continued)
Series 2025-2A, Class A (B) 5.785 07-20-75 128,000 $128,711
Consolidated Communications LLC
Series 2025-1A, Class A2 (B) 6.000 05-20-55 166,000 168,655
Series 2025-4A, Class A2 (B) 5.522 12-20-55 100,000 100,792
ContiMortgage Home Equity Loan Trust
Series 1995-2, Class A5 (I) 8.100 08-15-25 13,819 13,356
CyrusOne Data Centers Issuer I LLC
Series 2023-1A, Class A2 (B) 4.300 04-20-48 228,000 222,498
Series 2024-2A, Class A2 (B) 4.500 05-20-49 207,000 201,179
DataBank Issuer LLC
Series 2026-1A, Class A2 (B) 5.811 02-25-56 143,000 143,101
DB Master Finance LLC
Series 2017-1A, Class A2II (B) 4.030 11-20-47 156,400 155,045
Series 2025-1A, Class A2I (B) 4.891 08-20-55 83,790 82,991
Series 2025-1A, Class A2II (B) 5.165 08-20-55 89,775 88,433
Diamond Infrastructure Funding LLC
Series 2021-1A, Class C (B) 3.475 04-15-49 80,000 78,190
Domino's Pizza Master Issuer LLC
Series 2025-1A, Class A2I (B) 4.930 07-25-55 97,000 96,513
Series 2025-1A, Class A2II (B) 5.217 07-25-55 112,000 111,019
Driven Brands Funding LLC
Series 2025-1A, Class A2 (B) 5.296 10-20-55 122,385 110,165
Flexential Issuer LLC
Series 2025-1A, Class A2 (B) 6.030 10-25-60 93,000 92,488
Ford Credit Auto Owner Trust
Series 2022-D, Class A3 5.270 05-17-27 21,499 21,518
Series 2023-2, Class A (B) 5.280 02-15-36 512,000 522,468
Series 2026-1, Class A (4.320% to 2-15-31, then 8.630% thereafter) (B) 4.320 08-15-38 206,000 204,446
GBX Leasing LLC
Series 2026-1A, Class A (B) 5.130 02-20-56 150,697 149,138
GM Financial Consumer Automobile Receivables Trust
Series 2023-1, Class A4 4.590 07-17-28 290,000 290,961
Series 2026-2, Class A3 4.150 08-18-31 192,000 191,794
GM Financial Revolving Receivables Trust
Series 2024-1, Class A (B) 4.980 12-11-36 132,000 134,394
GMF Floorplan Owner Revolving Trust
Series 2023-2, Class A (B) 5.340 06-15-30 675,000 689,250
Golub Capital Partners Funding, Ltd.
Series 2020-1A, Class A2 (B) 3.208 01-22-29 55,625 54,548
Series 2021-1A, Class A2 (B) 2.773 04-20-29 99,186 91,271
HI-FI Music IP Issuer LP
Series 2022-1A, Class A2 (B) 3.939 02-01-62 245,000 243,174
Hotwire Funding LLC
Series 2023-1A, Class A2 (B) 5.687 05-20-53 700,000 703,728
Series 2024-1A, Class A2 (B) 5.893 06-20-54 51,000 51,618
Invitation Homes Trust
Series 2024-SFR1, Class A (B) 4.000 09-17-41 244,387 238,082
31 JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS
Table of Contents
Rate (%) Maturity date Par value^ Value
Asset-backed securities (continued)
Iskandar Enterprise LLC
Series 2026-1A, Class A21 (B) 5.049 04-17-56 261,000 $260,951
Jersey Mike's Funding LLC
Series 2024-1A, Class A2 (B) 5.636 02-15-55 130,680 132,073
Series 2025-1A, Class A2 (B) 5.610 08-16-55 196,015 198,546
Series 2026-1A, Class A2I (B) 4.952 02-15-56 187,000 185,197
Kinetic ABS Issuer LLC
Series 2026-1A, Class A2 (B) 5.219 02-25-56 84,000 83,734
Lyra Music Assets LP
Series 2025-1A, Class A2 (B) 5.604 09-20-65 144,482 145,226
Mercedes-Benz Auto Receivables Trust
Series 2022-1, Class A4 5.250 02-15-29 500,000 502,589
Series 2023-1, Class A4 4.310 04-16-29 290,000 290,465
MetroNet Infrastructure Issuer LLC
Series 2025-2A, Class A2 (B) 5.400 08-20-55 178,000 179,409
Series 2025-4A, Class A2 (B) 5.163 12-20-55 93,000 92,918
Series 2026-1A, Class A2 (B) 5.273 04-20-56 111,000 111,295
MVW LLC
Series 2020-1A, Class D (B) 7.140 10-20-37 317,902 318,407
Navient Refinance Loan Trust
Series 2026-A, Class A (B) 4.500 01-18-56 194,044 191,239
Neighborly Issuer LLC
Series 2021-1A, Class A2 (B) 3.584 04-30-51 452,200 433,021
Series 2022-1A, Class A2 (B) 3.695 01-30-52 203,948 193,233
New Economy Assets - Phase 1 Sponsor LLC
Series 2021-1, Class B1 (B) 2.410 10-20-61 140,000 83,300
PFS Financing Corp.
Series 2023-B, Class A (B) 5.270 05-15-28 335,000 335,183
Retained Vantage Data Centers Issuer LLC
Series 2023-1A, Class A2A (B) 5.000 09-15-48 157,000 156,236
Sabey Data Center Issuer LLC
Series 2026-1, Class A2 (B) 5.482 01-20-51 134,000 132,788
Scalelogix ABS Issuer LLC
Series 2025-1A, Class A2 (B) 5.673 07-25-55 139,000 136,473
ServiceMaster Funding LLC
Series 2021-1, Class A2II (B) 3.113 07-30-51 138,188 118,466
SERVPRO Master Issuer LLC
Series 2024-1A, Class A2 (B) 6.174 01-25-54 101,660 104,100
Sesac Finance LLC
Series 2025-1, Class A2 (B) 5.500 07-25-55 156,000 152,558
SMB Private Education Loan Trust
Series 2024-A, Class A1A (B) 5.240 03-15-56 179,688 180,541
Series 2024-E, Class A1A (B) 5.090 10-16-56 133,687 134,271
Sonic Capital LLC
Series 2020-1A, Class A2I (B) 3.845 01-20-50 299,037 296,420
Sprite, Ltd.
Series 2026-1, Class A (B) 5.227 03-15-41 248,441 243,799
Subway Funding LLC
Series 2024-1A, Class A2I (B) 6.028 07-30-54 111,305 112,114
Series 2024-1A, Class A2II (B) 6.268 07-30-54 99,485 100,146
SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST 32
Table of Contents
Rate (%) Maturity date Par value^ Value
Asset-backed securities (continued)
Series 2024-3A, Class A23 (B) 5.914 07-30-54 240,340 $232,109
Summit Issuer LLC
Series 2025-1A, Class A2 (B) 5.208 11-20-55 161,000 161,094
Switch ABS Issuer LLC
Series 2024-2A, Class A2 (B) 5.436 06-25-54 54,000 53,553
Series 2025-1A, Class A2 (B) 5.036 03-25-55 219,000 212,388
Series 2025-2A, Class A21 (B) 5.121 10-25-55 107,000 105,462
Taco Bell Funding LLC
Series 2025-1A, Class A2I (B) 4.821 08-25-55 176,000 174,002
Series 2025-1A, Class A2II (B) 5.049 08-25-55 145,000 141,810
Toyota Auto Receivables Owner Trust
Series 2026-B, Class A3 4.130 12-16-30 280,000 279,552
Uniti Fiber Issuer LLC
Series 2025-1A, Class A2 (B) 5.877 04-20-55 93,000 94,411
Series 2025-2A, Class A2 (B) 5.177 01-20-56 93,000 92,263
VB-S1 Issuer LLC
Series 2026-1A, Class C2 (B) 4.693 03-15-56 104,000 101,688
Verizon Master Trust
Series 2025-9, Class A1A 3.960 10-21-30 142,000 141,702
Willis Engine Structured Trust V
Series 2020-A, Class A (B) 3.228 03-15-45 83,892 81,334
Wingstop Funding LLC
Series 2024-1A, Class A2 (B) 5.858 12-05-54 104,000 105,499
Zayo Issuer LLC
Series 2025-1A, Class A2 (B) 5.648 03-20-55 188,000 189,658
Shares Value
Common stocks 0.0% (0.0% of Total investments) $30,039
(Cost $188,240)
Energy 0.0% 30,039
Oil, gas and consumable fuels 0.0%
Altera Infrastructure LP (J)(K) 743 30,039
Preferred securities 0.4% (0.3% of Total investments) $579,302
(Cost $609,505)
Communication services 0.1% 124,830
Wireless telecommunication services 0.1%
Telephone & Data Systems, Inc., 6.625% (A) 5,825 124,830
Financials 0.2% 228,636
Banks 0.2%
Wells Fargo & Company, 7.500% (A)(C) 192 228,636
Utilities 0.1% 225,836
Electric utilities 0.1%
NextEra Energy, Inc., 7.375% 4,300 225,836
33 JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS
Table of Contents
Yield (%) Shares Value
Short-term investments 1.2% (0.7% of Total investments) $1,703,555
(Cost $1,703,622)
Short-term funds 1.2% 1,703,555
John Hancock Collateral Trust (L) 3.5556(M) 170,328 1,703,555
Total investments (Cost $236,143,480) 163.9% $233,018,726
Other assets and liabilities, net (63.9%) (90,868,512)
Total net assets 100.0% $142,150,214
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund unless otherwise indicated.
^All par values are denominated in U.S. dollars unless otherwise indicated.
Security Abbreviations and Legend
CME CME Group Published Rates
CMT Constant Maturity Treasury
ICE Intercontinental Exchange
IO Interest-Only Security - (Interest Tranche of Stripped Mortgage Pool). Rate shown is the annualized yield at the end of the period.
SOFR Secured Overnight Financing Rate
(A) All or a portion of this security is pledged as collateral pursuant to the Liquidity Agreement. Total collateral value at 4-30-26 was $113,038,262.
(B) This security is exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. Rule 144A securities amounted to $67,698,968 or 47.6% of the fund's net assets as of 4-30-26.
(C) All or a portion of this security is on loan as of 4-30-26, and is a component of the fund's leverage under the Liquidity Agreement. The value of securities on loan amounted to $6,823,054.
(D) Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date.
(E) Variable rate obligation. The coupon rate shown represents the rate at period end.
(F) Security purchased or sold on a when-issued or delayed-delivery basis.
(G) Term loans are variable rate obligations. The rate shown represents the rate at period end.
(H) Variable or floating rate security, the interest rate of which adjusts periodically based on a weighted average of interest rates and prepayments on the underlying pool of assets. The interest rate shown is the current rate as of period end.
(I) The security has matured but proceeds have not been received.
(J) Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. Refer to Note 2 to the financial statements.
(K) Non-income producing security.
(L) Investment is an affiliate of the fund, the advisor and/or subadvisor.
(M) The rate shown is the annualized seven-day yield as of 4-30-26.
At 4-30-26, the aggregate cost of investments for federal income tax purposes was $236,706,149. Net unrealized depreciation aggregated to $3,687,423, of which $2,316,748 related to gross unrealized appreciation and $6,004,171 related to gross unrealized depreciation.
SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST 34
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Financial statements
STATEMENT OF ASSETS AND LIABILITIES 4-30-26 (unaudited)
Assets
Unaffiliated investments, at value (Cost $234,439,858) $231,315,171
Affiliated investments, at value (Cost $1,703,622) 1,703,555
Total investments, at value (Cost $236,143,480) 233,018,726
Cash 23,549
Dividends and interest receivable 2,142,554
Receivable for investments sold 186,043
Other assets 27,365
Total assets 235,398,237
Liabilities
Liquidity agreement 91,300,000
Payable for investments purchased 905,679
Payable for delayed-delivery securities purchased 642,178
Interest payable 329,974
Payable to affiliates
Accounting and legal services fees 7,882
Trustees' fees 427
Other liabilities and accrued expenses 61,883
Total liabilities 93,248,023
Net assets $142,150,214
Net assets consist of
Paid-in capital $175,067,707
Total distributable earnings (loss) (32,917,493)
Net assets $142,150,214
Net asset value per share
Based on 11,646,585 shares of beneficial interest outstanding - unlimited number of shares authorized with no par value $12.21
35 JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS
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STATEMENT OF OPERATIONS For the six months ended 4-30-26 (unaudited)
Investment income
Interest $6,128,987
Dividends from affiliated investments 39,574
Dividends 12,024
Total investment income 6,180,585
Expenses
Investment management fees 637,786
Interest expense 2,014,991
Accounting and legal services fees 13,525
Transfer agent fees 28,207
Trustees' fees 25,582
Custodian fees 14,377
Printing and postage 15,605
Professional fees 37,647
Stock exchange listing fees 11,782
Other 6,763
Total expenses 2,806,265
Less expense reductions (11,216)
Net expenses 2,795,049
Net investment income 3,385,536
Realized and unrealized gain (loss)
Net realized gain (loss) on
Unaffiliated investments (281,177)
Affiliated investments (400)
(281,577)
Change in net unrealized appreciation (depreciation) of
Unaffiliated investments (2,205,435)
Affiliated investments (250)
(2,205,685)
Net realized and unrealized loss (2,487,262)
Increase in net assets from operations $898,274
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STATEMENTS OF CHANGES IN NET ASSETS
Six months ended
4-30-26
(unaudited) 		Year ended
10-31-25
Increase (decrease) in net assets
From operations
Net investment income $3,385,536 $6,305,819
Net realized loss (281,577) (2,048,044)
Change in net unrealized appreciation (depreciation) (2,205,685) 6,828,180
Increase in net assets resulting from operations 898,274 11,085,955
Distributions to shareholders
From earnings (3,736,225) (7,210,402)
Total distributions (3,736,225) (7,210,402)
Total increase (decrease) (2,837,951) 3,875,553
Net assets
Beginning of period 144,988,165 141,112,612
End of period $142,150,214 $144,988,165
Share activity
Shares outstanding
Beginning of period 11,646,585 11,646,585
End of period 11,646,585 11,646,585
37 JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS
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STATEMENT OF CASH FLOWS For the six months ended 4-30-26 (unaudited)
Cash flows from operating activities
Net increase in net assets from operations $898,274
Adjustments to reconcile net increase in net assets from operations to net cash provided by operating activities:
Long-term investments purchased (50,676,855)
Long-term investments sold 47,210,687
Net purchases and sales of short-term investments 3,531,708
Net amortization (accretion) of premium (discount) 454,304
(Increase) Decrease in assets:
Dividends and interest receivable (56,077)
Other assets (14,672)
Increase (Decrease) in liabilities:
Interest payable (46,411)
Payable to affiliates 3,377
Other liabilities and accrued expenses (32,535)
Net change in unrealized (appreciation) depreciation on:
Investments 2,205,685
Net realized (gain) loss on:
Investments 282,289
Net cash provided by operating activities $3,759,774
Cash flows provided by (used in) financing activities
Distributions to shareholders $(3,736,225)
Net cash used in financing activities $(3,736,225)
Net increase in cash $23,549
Cash at beginning of period -
Cash at end of period $23,549
Supplemental disclosure of cash flow information:
Cash paid for interest $(2,061,402)
SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST 38
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Financial highlights
Period ended 4-30-261 10-31-25 10-31-24 10-31-23 10-31-22 10-31-21
Per share operating performance
Net asset value, beginning of period $12.45 $12.12 $10.96 $11.35 $15.90 $15.95
Net investment income2 0.29 0.54 0.43 0.37 0.56 0.71
Net realized and unrealized gain (loss) on investments (0.21) 0.41 1.20 (0.35) (4.19) 0.12
Total from investment operations 0.08 0.95 1.63 0.02 (3.63) 0.83
Less distributions
From net investment income (0.32) (0.62) (0.47) (0.41) (0.70) (0.84)
From net realized gain - - - - (0.22) (0.04)
Total distributions (0.32) (0.62) (0.47) (0.41) (0.92) (0.88)
Net asset value, end of period $12.21 $12.45 $12.12 $10.96 $11.35 $15.90
Per share market value, end of period $11.13 $11.54 $11.40 $9.80 $10.48 $15.46
Total return at net asset value (%)3,4 0.855 8.40 15.30 0.35 (23.60) 5.36
Total return at market value (%)3 (0.82)5 6.82 21.28 (2.82) (27.45) 5.83
Ratios and supplemental data
Net assets, end of period (in millions) $142 $145 $141 $128 $132 $185
Ratios (as a percentage of average net assets):
Expenses before reductions 3.936 4.42 5.07 4.90 2.10 1.30
Expenses including reductions7 3.916 4.41 5.06 4.89 2.08 1.29
Net investment income 4.746 4.46 3.61 3.12 4.13 4.42
Portfolio turnover (%) 20 49 72 148 101 60
Senior securities
Total debt outstanding end of period (in millions) $91 $91 $91 $91 $91 $91
Asset coverage per $1,000 of debt8 $2,557 $2,588 $2,546 $2,398 $2,448 $3,028
1 Six months ended 4-30-26. Unaudited.
2 Based on average daily shares outstanding.
3 Total return based on net asset value reflects changes in the fund's net asset value during each period. Total return based on market value reflects changes in market value. Each figure assumes that distributions from income, capital gains and tax return of capital, if any, were reinvested.
4 Total returns would have been lower had certain expenses not been reduced during the applicable periods.
5 Not annualized.
6 Annualized.
7 Expenses including reductions excluding interest expense were 1.09% (annualized), 1.11%, 1.10%, 1.17%, 1.01% and 0.94% for the periods ended 4-30-26, 10-31-25, 10-31-24, 10-31-23, 10-30-22 and 10-31-21, respectively.
8 Asset coverage equals the total net assets plus borrowings divided by the borrowings of the fund outstanding at period end (Note 8). As debt outstanding changes, the level of invested assets may change accordingly. Asset coverage ratio provides a measure of leverage.
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Notes to financial statements (unaudited)
Note 1-Organization
John Hancock Income Securities Trust (the fund) is a closed-end management investment company organized as a Massachusetts business trust and registered under the Investment Company Act of 1940, as amended (the 1940 Act).
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 fund qualifies as an investment company 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 fund:
Security valuation. Investments are stated at value as of the scheduled close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 P.M., Eastern Time. In case of emergency or other disruption resulting in the NYSE not opening for trading or the NYSE closing at a time other than the regularly scheduled close, the net asset value (NAV) may be determined as of the regularly scheduled close of the NYSE pursuant to the Valuation Policies and Procedures of the Advisor, John Hancock Investment Management LLC, the fund's valuation designee.
In order to value the securities, the fund uses the following valuation techniques: Debt obligations are typically valued based on evaluated prices provided by an independent pricing vendor. Independent pricing vendors utilize matrix pricing, which takes into account factors such as institutional-size trading in similar groups of securities, yield, quality, coupon rate, maturity, type of issue, trading characteristics and other market data, as well as broker supplied prices. Equity securities, including exchange-traded or closed-end funds, are typically valued at the last sale price or official closing price on the exchange or principal market where the security trades. In the event there were no sales during the day or closing prices are not available, the securities are valued using the last available bid price. Investments by the fund in open-end mutual funds, including John Hancock Collateral Trust (JHCT), are valued at their respective NAVs each business day.
In certain instances, the Pricing Committee of the Advisor may determine to value equity securities using prices obtained from another exchange or market if trading on the exchange or market on which prices are typically obtained did not open for trading as scheduled, or if trading closed earlier than scheduled, and trading occurred as normal on another exchange or market.
Other portfolio securities and assets, for which reliable market quotations are not readily available, are valued at fair value as determined in good faith by the Pricing Committee following procedures established by the Advisor and adopted by the Board of Trustees. The frequency with which these fair valuation procedures are used cannot be predicted and fair value of securities may differ significantly from the value that would have been used had a ready market for such securities existed.
The fund uses a three tier hierarchy to prioritize the pricing assumptions, referred to as inputs, used in valuation techniques to measure fair value. Level 1 includes securities valued using quoted prices in active markets for identical securities, including registered investment companies. Level 2 includes securities valued using other significant observable inputs. Observable inputs may include quoted prices for similar securities, interest rates, prepayment speeds and credit risk. Prices for securities valued using these inputs are received from independent pricing vendors and brokers and are based on an evaluation of the inputs described. Level 3 includes securities valued using significant unobservable inputs when market prices are not readily available or reliable, including the Advisor's assumptions in determining the fair value of investments. Factors used in determining value may include market or issuer specific events or trends, changes in interest rates and credit quality. The inputs or methodology
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used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. Changes in valuation techniques and related inputs may result in transfers into or out of an assigned level within the disclosure hierarchy.
The following is a summary of the values by input classification of the fund's investments as of April 30, 2026, by major security category or type:
Total
value at
4-30-26 		Level 1
quoted
price 		Level 2
significant
observable
inputs 		Level 3
significant
unobservable
inputs
Investments in securities:
Assets
U.S. Government and Agency obligations $83,311,759 - $83,311,759 -
Foreign government obligations 381,029 - 381,029 -
Corporate bonds 112,293,709 - 112,293,709 -
Municipal bonds 126,975 - 126,975 -
Term loans 521,854 - 521,854 -
Collateralized mortgage obligations 17,375,322 - 17,375,322 -
Asset-backed securities 16,695,182 - 16,695,182 -
Common stocks 30,039 - - $30,039
Preferred securities 579,302 $579,302 - -
Short-term investments 1,703,555 1,703,555 - -
Total investments in securities $233,018,726 $2,282,857 $230,705,830 $30,039
The fund holds liabilities for which the fair value approximates the carrying amount for financial statement purposes. As of April 30, 2026, the liability for the fund's Liquidity agreement on the Statement of assets and liabilities is categorized as Level 2 within the disclosure hierarchy.
When-issued/delayed-delivery securities. The fund may purchase or sell securities on a when-issued or delayed-delivery basis, or in a "To Be Announced" (TBA) or "forward commitment" transaction, with delivery or payment to occur at a later date beyond the normal settlement period. TBA securities resulting from these transactions are included in the portfolio or in a schedule to the portfolio (Sale Commitments Outstanding). At the time a fund enters into a commitment to purchase or sell a security, the transaction is recorded and the value of the security is reflected in its NAV. The price of such security and the date that the security will be delivered and paid for are fixed at the time the transaction is negotiated. The value of the security may vary with market fluctuations. No interest accrues on debt securities until settlement takes place. At the time that the fund enters into this type of transaction, the fund is required to have sufficient cash and/or liquid securities to cover its commitments.
Certain risks may arise upon entering into when-issued or delayed-delivery securities transactions, including the potential inability of counterparties to meet the terms of their contracts, and the issuer's failure to issue the securities due to political, economic or other factors. Additionally, losses may arise due to changes in the value of the securities purchased or sold prior to settlement date.
Mortgage and asset-backed securities. The fund may invest in mortgage-related securities, such as mortgage-backed securities, and other asset-backed securities, which are debt obligations that represent interests in pools of mortgages or other income-bearing assets, such as consumer loans or receivables. Such securities often involve risks that are different from the risks associated with investing in other types of debt securities.
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Mortgage-backed and other asset-backed securities are subject to changes in the payment patterns of borrowers of the underlying debt. When interest rates fall, borrowers are more likely to refinance or prepay their debt before its stated maturity. This may result in the fund having to reinvest the proceeds in lower yielding securities, effectively reducing the fund's income. Conversely, if interest rates rise and borrowers repay their debt more slowly than expected, the time in which the mortgage-backed and other asset-backed securities are paid off could be extended, reducing the fund's cash available for reinvestment in higher yielding securities. The timely payment of principal and interest of certain mortgage-related securities is guaranteed with the full faith and credit of the U.S. Government. Pools created and guaranteed by non-governmental issuers, including government-sponsored corporations (e.g., FNMA), may be supported by various forms of insurance or guarantees, but there can be no assurance that private insurers or guarantors can meet their obligations under the insurance policies or guarantee arrangements. The fund is also subject to risks associated with securities with contractual cash flows including asset-backed and mortgage related securities such as collateralized mortgage obligations, mortgage pass-through securities and commercial mortgage-backed securities. The value, liquidity and related income of these securities are sensitive to changes in economic conditions, including real estate value, pre-payments, delinquencies and/or defaults, and may be adversely affected by shifts in the market's perception of the issuers and changes in interest rates.
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. 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 fund becomes aware of the dividends. Non-cash dividends, if any, are recorded at the fair market value of the securities received. Distributions received on securities that represent a tax return of capital and/or capital gain, if any, are recorded as a reduction of cost of investments and/or as a realized gain, if amounts are estimable. Gains and losses on securities sold are determined on the basis of identified cost and may include proceeds from litigation.
Overdrafts. Pursuant to the custodian agreement, the fund's custodian may, in its discretion, advance funds to the fund to make properly authorized payments. When such payments result in an overdraft, the fund is obligated to repay the custodian for any overdraft, including any costs or expenses associated with the overdraft. The custodian may have a lien, security interest or security entitlement in any fund property that is not otherwise segregated or pledged, to the maximum extent permitted by law, to the extent of any overdraft.
Expenses. Within the John Hancock group of funds complex, expenses that are directly attributable to an individual fund are allocated to such fund. Expenses that are not readily attributable to a specific fund are allocated among all funds in an equitable manner, taking into consideration, among other things, the nature and type of expense and the fund's relative net assets. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.
Statement of cash flows. A Statement of cash flows is presented when a fund has a significant amount of borrowing during the period, based on the average total borrowing in relation to total assets, or when a certain percentage of the fund's investments is classified as Level 3 in the fair value hierarchy. Information on financial transactions that have been settled through the receipt and disbursement of cash is presented in the Statement of cash flows. The cash amount shown in the Statement of cash flows is the amount included in the fund's Statement of assets and liabilities and represents the cash on hand at the fund's custodian and does not include any short-term investments or collateral on derivative contracts, if any.
Federal income taxes. The fund 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.
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For federal income tax purposes, as of October 31, 2025, the fund has a short-term capital loss carryforward of $6,978,270 and a long-term capital loss carryforward of $22,466,513 available to offset future net realized capital gains. These carryforwards do not expire.
As of October 31, 2025, the fund had no uncertain tax positions that would require financial statement recognition, derecognition or disclosure. The fund's federal tax returns are subject to examination by the Internal Revenue Service for a period of three years.
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 fund generally declares and pays dividends quarterly. Capital gain distributions, if any, are typically distributed annually.
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 fund's financial statements as a return of capital. The final determination of tax characteristics of the fund's distribution will occur at the end of the year and will subsequently be reported to shareholders.
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 amortization and accretion on debt securities and derivative transactions.
Note 3-Guarantees and indemnifications
Under the fund's organizational documents, its Officers and Trustees are indemnified against certain liabilities arising out of the performance of their duties to the fund. Additionally, in the normal course of business, the fund enters into contracts with service providers that contain general indemnification clauses. The fund's maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the fund 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 fund. The Advisor is an indirect, principally owned subsidiary of John Hancock Life Insurance Company (U.S.A.), which in turn is a subsidiary of Manulife Financial Corporation (MFC).
Management fee. The fund has an investment management agreement with the Advisor under which the fund pays a daily management fee to the Advisor equivalent on an annual basis to the sum of (a) 0.650% of the first $150 million of the fund's average daily managed assets (net assets plus borrowings under the Liquidity Agreement (LA) (see Note 8), (b) 0.375% of the next $50 million of the fund's average daily managed assets, (c) 0.350% of the next $100 million of the fund's average daily managed assets and (d) 0.300% of the fund's average daily managed assets in excess of $300 million. The Advisor has a subadvisory agreement with Manulife Investment Management (US) LLC, an indirectly owned subsidiary of MFC and an affiliate of the Advisor. The fund is not responsible for payment of the subadvisory fees.
The Advisor has contractually agreed to waive a portion of its management fee and/or reimburse expenses for certain funds of the John Hancock group of funds complex, including the fund (the participating portfolios). This waiver is based upon aggregate net assets of all the participating portfolios. With respect to participating portfolios that pay advisory fees based on managed assets, "aggregate net assets" includes managed assets of the participating porfolios. The amount of the reimbursement is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each fund. During the six months ended April 30, 2026, this waiver amounted to 0.01% of the fund's average daily managed assets, on an annualized basis. This agreement expires on July 31, 2027, unless renewed by mutual agreement of the fund and the Advisor based upon a determination that this is appropriate under the circumstances at that time.
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The expense reductions described above amounted to $11,216 for the six months ended April 30, 2026.
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 April 30, 2026, were equivalent to a net annual effective rate of 0.54% of the fund's average daily managed assets.
Accounting and legal services. Pursuant to a service agreement, the fund reimburses the Advisor for all expenses associated with providing the administrative, financial, legal, compliance, accounting and recordkeeping services to the fund, including the preparation of all tax returns, periodic reports to shareholders and regulatory reports, among other services. These accounting and legal services fees incurred, for the six months ended April 30, 2026, amounted to an annual rate of 0.01% of the fund's average daily managed net assets.
Trustee expenses. The fund compensates each Trustee who is not an employee of the Advisor or its affiliates. These Trustees receive from the fund and the other John Hancock closed-end funds an annual retainer. In addition, Trustee out-of-pocket expenses are allocated to each fund based on its net assets relative to other funds within the John Hancock group of funds complex.
Note 5-Fund share transactions
On March 12, 2015, the Board of Trustees approved a share repurchase plan, which is subsequently reviewed by the Board of Trustees each year in December. Under the current share repurchase plan, the fund may purchase in the open market, between January 1, 2026 and December 31, 2026, up to 10% of its outstanding common shares as of December 31, 2025. The share repurchase plan will remain in effect between January 1, 2026 and December 31, 2026.
During the six months ended April 30, 2026 and the year ended October 31, 2025, the fund had no activities under the repurchase program. Shares repurchased and corresponding dollar amounts, if any, are included on the Statements of changes in net assets. The anti-dilutive impacts of these share repurchases, if any, are included on the Financial highlights.
Note 6-Leverage risk
The fund utilizes the LA to increase its assets available for investment. When the fund leverages its assets, shareholders bear the expenses associated with the LA and have potential to benefit or be disadvantaged from the use of leverage. The Advisor's fee is also increased in dollar terms from the use of leverage. Consequently, the fund and the Advisor may have differing interests in determining whether to leverage the fund's assets. Leverage creates risks that may adversely affect the return for the holders of shares, including:
• the likelihood of greater volatility of NAV and market price of shares;
• fluctuations in the interest rate paid for the use of the LA;
• increased operating costs, which may reduce the fund's total return;
• the potential for a decline in the value of an investment acquired through leverage, while the fund's obligations under such leverage remains fixed; and
• the fund is more likely to have to sell securities in a volatile market in order to meet asset coverage or other debt compliance requirements.
To the extent the income or capital appreciation derived from securities purchased with funds received from leverage exceeds the cost of leverage, the fund's return will be greater than if leverage had not been used; conversely, returns would be lower if the cost of the leverage exceeds the income or capital appreciation derived. The use of securities lending to obtain leverage in the fund's investments may subject the fund to greater risk of loss than would reinvestment of collateral in short term highly rated investments.
In addition to the risks created by the fund's use of leverage, the fund is subject to the risk that it would be unable
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to timely, or at all, obtain replacement financing if the LA is terminated. Were this to happen, the fund would be required to de-leverage, selling securities at a potentially inopportune time and incurring tax consequences. Further, the fund's ability to generate income from the use of leverage would be adversely affected.
Note 7-Liquidity Agreement
The fund has entered into a LA with State Street Bank and Trust Company (SSB) that allows it to borrow or otherwise access up to $91.3 million (maximum facility amount) through a line of credit, securities lending and reverse repurchase agreements. The amounts outstanding at April 30, 2026 are shown in the Statement of assets and liabilities as the Liquidity agreement.
The fund pledges its assets as collateral to secure obligations under the LA. The fund retains the risks and rewards of the ownership of assets pledged to secure obligations under the LA and makes these assets available for securities lending and reverse repurchase transactions with SSB acting as the fund's authorized agent for these transactions. All transactions initiated through SSB are required to be secured with cash collateral received from the securities borrower (the Borrower) or cash is received from the reverse repurchase agreement (Reverse Repo) counterparties. Securities lending transactions will be secured with cash collateral in amounts at least equal to 100% of the market value of the securities utilized in these transactions. Cash received by SSB from securities lending or Reverse Repo transactions is credited against the amounts borrowed under the line of credit. As of April 30, 2026, the LA balance of $91,300,000 was comprised of $84,244,042 from the line of credit and $7,055,958 cash received by SSB from securities lending or Reverse Repo transactions.
Upon return of securities by the Borrower or Reverse Repo counterparty, SSB will return the cash collateral to the Borrower or proceeds from the Reverse Repo, as applicable, which will eliminate the credit against the line of credit and will cause the drawdowns under the line of credit to increase by the amounts returned. Income earned on the loaned securities is retained by SSB, and any interest due on the reverse repurchase agreements is paid by SSB.
SSB has indemnified the fund for certain losses that may arise if the Borrower or a Reverse Repo Counterparty fails to return securities when due. With respect to securities lending transactions, upon a default of the securities borrower, SSB uses the collateral received from the Borrower to purchase replacement securities of the same issue, type, class and series. If the value of the collateral is less than the purchase cost of replacement securities, SSB is responsible for satisfying the shortfall but only to the extent that the shortfall is not due to any of the fund's losses on the reinvested cash collateral. Although the risk of the loss of the securities is mitigated by receiving collateral from the Borrower or proceeds from the Reverse Repo counterparty and through SSB indemnification, the fund could experience a delay in recovering securities or could experience a lower than expected return if the Borrower or Reverse Repo counterparty fails to return the securities on a timely basis.
Interest charged is at the rate of overnight bank funding rate (OBFR) plus 0.700% and is payable monthly on the aggregate balance of the drawdowns outstanding under the LA. As of April 30, 2026, the fund had an aggregate balance of $91,300,000 at an interest rate of 4.34%, which is reflected in the Liquidity agreement on the Statement of assets and liabilities. During the six months ended April 30, 2026, the average balance of the LA and the effective average annual interest rate were $91,300,000 and 4.45%, respectively.
The fund may terminate the LA with 60 days' notice. If certain asset coverage and collateral requirements, or other covenants are not met, the LA could be deemed in default and result in termination. Absent a default or facility termination event, SSB is required to provide the fund with 360 days' notice prior to terminating the LA.
Note 8-Purchase and sale of securities
Purchases and sales of securities, other than short-term investments and U.S. Treasury obligations, amounted to $39,702,156 and $34,848,737, respectively, for the six months ended April 30, 2026. Purchases and sales of U.S. Treasury obligations aggregated $10,503,538 and $12,495,856, respectively, for the six months ended April 30, 2026.
45 JOHN HANCOCK Income Securities Trust | SEMIANNUAL REPORT
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Note 9-Industry or sector risk
The fund may invest a large percentage of its assets in one or more particular industries or sectors of the economy. If a large percentage of the fund's assets are economically tied to a single or small number of industries or sectors of the economy, the fund will be less diversified than a more broadly diversified fund, and it may cause the fund to underperform if that industry or sector underperforms. In addition, focusing on a particular industry or sector may make the fund's NAV more volatile. Further, a fund that invests in particular industries or sectors is particularly susceptible to the impact of market, economic, regulatory and other factors affecting those industries or sectors.
Note 10-Investment in affiliated underlying funds
The fund may invest in affiliated underlying funds that are managed by the Advisor and its affiliates. Information regarding the fund's fiscal year to date purchases and sales of the affiliated underlying funds as well as income and capital gains earned by the fund, if any, is as follows:
Dividends and distributions
Affiliate Ending
share
amount 		Beginning
value 		Cost of
purchases 		Proceeds
from shares
sold 		Realized
gain
(loss) 		Change in
unrealized
appreciation
(depreciation) 		Income
distributions
received 		Capital gain
distributions
received 		Ending
value
John Hancock Collateral Trust 170,328 $5,235,263 $22,455,287 $(25,986,345) $(400) $(250) $39,574 - $1,703,555
Note 11-Segment reporting
The management committee of the Advisor acts as the fund's chief operating decision maker (the CODM), assessing performance and making decisions about resource allocation. The fund represents a single operating segment, as the CODM monitors and assesses the operating results of the fund as a whole, and the fund'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 fund's subadvisor. Segment assets are reflected in the Statement 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 Statement 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 fund share transactions", and Financial highlights, which includes total return and income and expense ratios.
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Investment objective, principal investment strategies, and principal risks
Unaudited
Investment Objective
The fund's investment objective is to generate a high level of current income consistent with prudent investment risk.
Principal Investment Strategies
Under normal circumstances the Fund will invest at least 80% of its net assets (plus borrowings for investment purposes) in income securities. This is a non-fundamental policy and may be changed by the Board of Trustees of the fund provided that shareholders are provided with at least 60 days prior written notice of any change as required by the rules under the 1940 Act. Not more than 20% of the Fund's total assets will consist of such preferred securities and common stocks believed by the Fund to provide a sufficiently high yield to attain the Fund's investment objective. Income securities will consist of the following: (i) marketable corporate debt securities, (ii) governmental obligations and (iii) cash and commercial paper.
The Fund will invest at least 75% of its net assets (plus borrowings for investment purposes) in debt securities that are rated, at the time of acquisition, investment grade (i.e., at least "Baa" by Moody's Investors Service, Inc. (Moody's) or "BBB" by Standard & Poor's Global Ratings Inc. (S&P)), or in unrated securities determined by the Fund's investment advisor or subadvisor to be of comparable credit quality. The Fund can invest up to 25% of its net assets (plus borrowings for investment purposes) in debt securities that are rated, at the time of acquisition, below investment grade (junk bonds) (i.e., rated "Ba" or lower by Moody's or "BB" or lower by S&P), or in unrated securities determined by the Fund's advisor or subadvisor to be of comparable quality.
Although the Fund will focus on securities of U.S. issuers, the Fund may invest in securities of corporate and governmental issuers located outside the United States that are payable in U.S. dollars, including emerging markets. The Fund may also invest in mortgage-backed and asset-backed securities, including collateralized mortgage obligations. In addition, the Fund may invest in repurchase agreements.
The Fund may also invest in derivatives such as swaps and reverse repurchase agreements. The Fund intends to use reverse repurchase agreements to obtain investment leverage either alone and/or in combination with other forms of investment leverage or for temporary purposes. The Fund utilizes a liquidity agreement to increase its assets available for investments, and may also seek to obtain additional income or portfolio leverage by making secured loans of its portfolio securities with a value of up to 33 1/3% of its total assets. The Fund may also invest up to 20% of its total assets in illiquid securities.
The manager may consider environmental, social, and/or governance (ESG) factors, alongside other relevant factors, as part of its investment process. ESG factors may include, but are not limited to, matters regarding board diversity, climate change policies, and supply chain and human rights policies. The ESG characteristics utilized in the fund's investment process may change over time and one or more characteristics may not be relevant with respect to all issuers that are eligible fund investments. Because ESG factors are considered alongside other relevant factors, the manager may determine that an investment is appropriate notwithstanding its relative ESG characteristics.
Principal Risks
As is the case with all exchange-listed closed-end funds, shares of this fund may trade at a discount or a premium to the fund's net asset value (NAV). An investment in the fund is subject to investment and market risks, including the possible loss of the entire principal invested.
The fund's main risks are listed below in alphabetical order, not in order of importance.
47 JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT
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Changing distribution level & return of capital risk. There is no guarantee prior distribution levels will be maintained, and distributions may include a substantial tax return of capital. A return of capital is the return of all or a portion of a shareholder's investment in the fund.
Credit and counterparty risk. The issuer or guarantor of a fixed-income security, the counterparty to an over-the-counter derivatives contract, or a borrower of fund securities may not make timely payments or otherwise honor its obligations. U.S. government securities are subject to varying degrees of credit risk depending upon the nature of their support. A downgrade or default affecting any of the fund's securities could affect the fund's performance.
Economic and market events risk. Events in the U.S. and global financial markets, including actions taken by U.S. Federal Reserve or foreign central banks to stimulate or stabilize economic growth, may at times result in unusually high market volatility, which could negatively impact performance. Reduced liquidity in credit and fixed-income markets could adversely affect issuers worldwide. Banks and financial services companies could suffer losses if interest rates rise or economic conditions deteriorate.
Emerging Markets risk. The risks of investing in foreign securities are magnified in emerging markets. Emerging-market countries may experience higher inflation, interest rates, and unemployment and greater social, economic, and political uncertainties than more developed countries.
Equity securities risk. The price of equity securities may decline due to changes in a company's financial condition or overall market conditions.
ESG integration risk. The manager considers ESG factors that it deems relevant or additive, along with other material factors and analysis, when managing the fund. The manager may consider these ESG factors on all or a meaningful portion of the fund's investments. In certain situations, the extent to which these ESG factors may be applied according to the manager's integrated investment process may not include U.S. Treasuries, government securities, or other asset classes. ESG factors may include, but are not limited to, matters regarding board diversity, climate change policies, and supply chain and human rights policies. Incorporating ESG criteria and making investment decisions based on certain ESG characteristics, as determined by the manager, carries the risk that the fund may perform differently, including underperforming funds that do not utilize ESG criteria or funds that utilize different ESG criteria. Integration of ESG factors into the fund's investment process may result in a manager making different investments for the fund than for a fund with a similar investment universe and/or investment style that does not incorporate such considerations in its investment strategy or processes, and the fund's investment performance may be affected. Because ESG factors are one of many considerations for the fund, the manager may nonetheless include companies with low ESG characteristics or exclude companies with high ESG characteristics in the fund's investments.
Fixed-income securities risk. A rise in interest rates typically causes bond prices to fall. The longer the average maturity or duration of the bonds held by a fund, the more sensitive it will likely be to interest-rate fluctuations. An issuer may not make all interest payment or repay all or any of the principal borrowed. Changes in a security's credit qualify may adversely affect fund performance. Additionally, the value of inflation-indexed securities is subject to the effects of changes in market interest rates caused by factors other than inflation. Generally, when real interest rates rise, the value of inflation-indexed securities will fall and the fund's value may decline as a result of this exposure to these securities.
Foreign securities risk. Less information may be publicly available regarding foreign issuers, including foreign government issuers. Foreign securities may be subject to foreign taxes and may be more volatile than U.S. securities. Currency fluctuations and political and economic developments may adversely impact the value of foreign securities.
Hedging, derivatives, and other strategic transactions risk. Hedging, derivatives, and other strategic transactions may increase a fund's volatility and could produce disproportionate losses, potentially more than the fund's principal investment. Risks of these transactions are different from and possibly greater than risks of
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investing directly in securities and other traditional instruments. Under certain market conditions, derivatives could become harder to value or sell and may become subject to liquidity risk (i.e., the inability to enter into closing transactions). Derivatives and other strategic transactions that the fund intends to utilize include: swaps and reverse repurchase agreements. Swaps generally are subject to counterparty risk. In addition, swaps may be subject to interest-rate and settlement risk, and the risk of default of the underlying reference obligation. An event of default or insolvency of the counterparty to a reverse repurchase agreement could result in delays or restrictions with respect to the fund's ability to dispose of the underlying securities. In addition, a reverse repurchase agreement may be considered a form of leverage and may, therefore, increase fluctuations in the fund's NAV.
Illiquid and restricted securities risk. Illiquid and restricted securities may be difficult to value and may involve greater risks than liquid securities. Illiquidity may have an adverse impact on a particular security's market price and the fund's ability to sell the security.
Leveraging risk. Issuing preferred shares or using derivatives may result in a leveraged portfolio. Leveraging long exposures increases a fund's losses when the value of its investments declines. Some derivatives have the potential for unlimited loss, regardless of the size of the initial investment. The fund also utilizes a Liquidity Agreement to increase its assets available for investment. See "Note 7 -Leverage risk" above.
Liquidity risk. The extent (if at all) to which a security may be sold or a derivative position closed without negatively impacting its market value may be impaired by reduced market activity or participation, legal restrictions, or other economic and market impediments. Widespread selling of fixed-income securities during periods of reduced demand may adversely impact the price or salability of such securities.
Lower-rated and high-yield fixed-income securities risk. Lower-rated and high-yield fixed-income securities (junk bonds) are subject to greater credit quality risk, risk of default, and price volatility than higher-rated fixed-income securities, may be considered speculative, and can be difficult to resell.
Mortgage-backed and asset-backed securities risk. Mortgage-backed and asset-backed securities are subject to different combinations of prepayment, extension, interest-rate, and other market risks. Factors that impact the value of these securities include interest rate changes, the reliability of available information, credit quality or enhancement, and market perception.
Operational and cybersecurity risk. Cybersecurity breaches may allow an unauthorized party to gain access to fund assets, customer data, or proprietary information, or cause a fund or its service providers to suffer data corruption or lose operational functionality. Similar incidents affecting issuers of a fund's securities may negatively impact performance. Operational risk may arise from human error, error by third parties, communication errors, or technology failures, among other causes.
Preferred and convertible securities risk. Preferred stock dividends are payable only if declared by the issuer's board. Preferred stock may be subject to redemption provisions. The market values of convertible securities tend to fall as interest rates rise and rise as interest rates fall. Convertible preferred stock's value can depend heavily upon the underlying common stock's value.
U.S. Government agency obligations risk. U.S. government-sponsored entities such as Federal National Mortgage Association (Fannie Mae), Federal Home Loan Mortgage Corporation (Freddie Mac) and the Federal Home Loan Banks, although chartered or sponsored by Congress, are not funded by congressional appropriations and the debt securities that they issue are neither guaranteed nor issued by the U.S. government. Such debt securities are subject to the risk of default on the payment of interest and/or principal, similar to the debt securities of private issuers. The maximum potential liability of the issuers of some U.S. government obligations may greatly exceed their current resources, including any legal right to support from the U.S. government. Although the U.S. government has provided financial support to Fannie Mae and Freddie Mac in the past, there can be no assurance that it will support these or other government-sponsored entities in the future.
49 JOHN HANCOCK INCOME SECURITIES TRUST | SEMIANNUAL REPORT
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ADDITIONAL INFORMATION
Unaudited
The fund is a closed-end, diversified management investment company, common shares of which were initially offered to the public on February 14, 1973, and are publicly traded on the New York Stock Exchange (the NYSE).
Dividends and distributions
During the six months ended April 30, 2026, distributions from net investment income totaling $0.3208 per share were paid to shareholders. The dates of payments and the amounts per share were as follows:
Payment Date Income Distributions
December 31, 2025 $0.1831
March 31, 2026 0.1377
Total $0.3208
Shareholder communication and assistance
If you have any questions concerning the fund, we will be pleased to assist you. If you hold shares in your own name and not with a brokerage firm, please address all notices, correspondence, questions or other communications regarding the fund to the transfer agent at:
Regular Mail:
Computershare
P.O. Box 43006
Providence, RI 02940-3078
Registered or Overnight Mail:
Computershare
150 Royall Street, Suite 101
Canton, MA 02021
If your shares are held with a brokerage firm, you should contact that firm, bank or other nominee for assistance.
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SHAREHOLDER MEETING
The fund held its Annual Meeting of Shareholders on Tuesday, February 17, 2026. The following proposal was considered by the shareholders:
THE PROPOSAL PASSED ON FEBRUARY 17, 2026
PROPOSAL: To elect thirteen (13) Trustees to serve until their respective successors have been duly elected and qualified.
Total votes
for the nominee 		Total votes withheld
from the nominee
Independent Trustees
William K. Bacic 8,805,744.603 314,515.033
James R. Boyle 8,736,715.395 383,544.241
Grace K. Fey 8,729,055.162 391,204.474
Dean C. Garfield 8,796,577.119 323,682.517
Christine L. Hurtsellers 8,795,496.395 324,763.241
Deborah C. Jackson 8,733,982.327 386,277.309
Hassell H. McClellan 8,728,062.886 392,196.750
Noni Ellison McKee 8,806,260.119 313,999.517
Kenneth J. Phelan 8,802,748.119 317,511.517
Frances G. Rathke 8,804,752.895 315,506.741
Thomas R. Wright 8,805,246.895 315,012.741
Non-Independent Trustees
Andrew G. Arnott 8,803,868.395 316,391.241
Kristie M. Feinberg 8,805,220.119 315,039.517
51 JOHN HANCOCK INCOME SECURITIES TRUST  | SEMIANNUAL REPORT
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More information
Trustees
Hassell H. McClellan, Chairperson
Deborah C. Jackson, Vice Chairperson
Andrew G. Arnott†
William K. Bacic*
James R. Boyle
Noni Ellison McKee
Kristie M. Feinberg†
Grace K. Fey
Dean C. Garfield
Christine L. Hurtsellers#
Kenneth J. Phelan#
Frances G. Rathke*
Thomas R. Wright*
Officers
Kristie M. Feinberg
President (Chief Executive Officer and Principal Executive Officer)
Fernando A. Silva
Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer)
Salvatore Schiavone
Treasurer
Christopher (Kit) Sechler
Secretary and Chief Legal Officer
Trevor Swanberg
Chief Compliance Officer
Investment advisor
John Hancock Investment Management LLC
Subadvisor
Manulife Investment Management (US) LLC
Portfolio Managers
Jeffrey N. Given, CFA
Spencer Godfrey, CFA
Howard C. Greene, CFA‡
Connor Minnaar, CFA
Pranay Sonalkar, CFA
Custodian
State Street Bank and Trust Company
Transfer agent
Computershare Shareowner Services, LLC
Legal counsel
K&L Gates LLP
Stock symbol
Listed New York Stock Exchange: JHS
† Non-Independent Trustee
# Serves as Trustee effective November 12, 2025.
* Member of the Audit Committee
‡ Effective December 31, 2027, Howard C. Greene will no longer serve as a portfolio manager of the fund.
The fund's proxy voting policies and procedures, as well as the fund proxy voting record for the most recent twelve-month period ended June 30, are available free of charge on the Securities and Exchange Commission (SEC) website at sec.gov or on our website.
All of the fund's holdings as of the end of the third month of every fiscal quarter are filed with the SEC on Form N-PORT within 60 days of the end of the fiscal quarter. The fund's Form N-PORT filings are available on our website and the SEC's website, sec.gov.
We make this information on your fund, as well as monthly portfolio holdings, and other fund details available on our website at jhinvestments.com or by calling 800-852-0218.
The report is certified under the Sarbanes-Oxley Act, which requires closed-end funds and other public companies to affirm that, to the best of their knowledge, the information in their financial reports is fairly and accurately stated in all material respects.
You can also contact us:
800-852-0218 Regular mail: Express mail:
jhinvestments.com Computershare
P.O. Box 43006
Providence, RI 02940-3078 		Computershare
150 Royall St., Suite 101
Canton, MA 02021
SEMIANNUAL REPORT | JOHN HANCOCK INCOME SECURITIES TRUST 52
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Table of Contents
Table of Contents
Table of Contents
John Hancock Investment Management LLC, 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.
MF5468888 P6SA 4/26
6/26

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 1.

(b)Not applicable.

ITEM 7. FINANCIAL STATEMENTS AND FINANCIAL HIGHLIGHTS FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES. Not applicable.

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.

Not applicable.

ITEM 10. REMUNERATION PAID TO DIRECTORS, OFFICERS, AND OTHERS OF OPEN-END MANAGEMENT INVESTMENT COMPANIES.

Not applicable.

ITEM 11. STATEMENT REGARDING BASIS FOR APPROVAL OF INVESTMENT ADVISORY CONTRACT. Information included in Item 1, if applicable.

ITEM 12. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

Item is not applicable at this time.

ITEM 13. PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

(a)Item is not applicable at this time

(b)Item is not applicable at this time

ITEM 14. PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS.

(a)Not applicable.

(b) REGISTRANT PURCHASES OF EQUITY SECURITIES

Average

Total number of

Maximum number of

shares purchased as

shares that may yet

Total number of

price per

part of publicly

be purchased under

Period

shares purchased

share

announced plans*

the plans*

Nov-25

-

-

-

1,164,659

Dec-25

-

-

-

1,164,659

Jan-26

-

-

-

1,164,659

Feb-26

-

-

-

1,164,659

Mar-26

-

-

-

1,164,659

Apr-26

-

-

-

1,164,659

Total

-

-

*On March 12, 2015, the Board of Trustees approved a share repurchase plan, which is subsequently reviewed by the Board of Trustees each year in December. Under the current share repurchase plan, the Fund may purchase in the open market, up to 10% of its outstanding common shares as of December 31, 2025. The current share repurchase plan will remain in effect between January 1, 2026 to December 31, 2026.

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.

The Fund did not participate directly in securities lending activities. See Note 7 to financial statements in Item 1.

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 Income Securities Trust

By:

/s/ Kristie M. Feinberg

------------------------------

Kristie M. Feinberg

President,

Principal Executive Officer

Date:

June 24, 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:

June 24, 2026

By:

/s/ Fernando A. Silva

---------------------------

Fernando A. Silva

Chief Financial Officer,

Principal Financial Officer

Date:

June 24, 2026


John Hancock Income Securities Trust published this content on July 01, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on July 01, 2026 at 19:53 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]