John Hancock Funds II

04/15/2025 | Press release | Distributed by Public on 04/15/2025 13:43

Semi-Annual Report by Investment Company (Form N-CSRS)

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number
811-21779
JOHN HANCOCK FUNDS II
(Exact name of registrant as specified in charter)
200 BERKELEY STREET, BOSTON, MA 02116
(Address of principal executive offices) (Zip code)

SALVATORE SCHIAVONE
TREASURER
200 BERKELEY STREET
BOSTON, MA 02116
(Name and address of agent for service)
Registrant's telephone number, including area code:
(617) 543-9634
Date of fiscal year end:
August 31
Date of reporting period:
February 28, 2025
ITEM 1. REPORTS TO STOCKHOLDERS
The Registrant prepared the following semiannual reports to shareholders for the period ended February 28, 2025:
  • John Hancock 2010 Lifetime Blend Portfolio
  • John Hancock 2015 Lifetime Blend Portfolio
  • John Hancock 2020 Lifetime Blend Portfolio
  • John Hancock 2025 Lifetime Blend Portfolio
  • John Hancock 2030 Lifetime Blend Portfolio
  • John Hancock 2035 Lifetime Blend Portfolio
  • John Hancock 2040 Lifetime Blend Portfolio
  • John Hancock 2045 Lifetime Blend Portfolio
  • John Hancock 2050 Lifetime Blend Portfolio
  • John Hancock 2055 Lifetime Blend Portfolio
  • John Hancock 2060 Lifetime Blend Portfolio
  • John Hancock 2065 Lifetime Blend Portfolio
John Hancock 2065 Lifetime Blend Portfolio
Class 1/JAAFX
Semiannual SHAREHOLDER REPORT | February 28, 2025
This semiannual shareholder reportcontains important information about the John Hancock 2065 Lifetime Blend Portfolio (the fund) for the period of September 1, 2024 to February 28, 2025. You can find additional information about the fund at jhinvestments.com/underlying-funds. You can also request this information by contacting us at 800-344-1029.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
2065 Lifetime Blend Portfolio
(Class 1/JAAFX) 		$3 0.05%
Fund Statistics
Fund net assets $95,148,630
Total number of portfolio holdings 24
Portfolio turnover rate 7%
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
Affiliated investment companies 60.8%
Equity 57.4%
Fixed income 3.4%
Unaffiliated investment companies 38.4%
Equity 38.4%
U.S. Government and Agency obligations 0.9%
U.S. Government 0.9%
Short-term investments and other (0.1%)
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/underlying-funds, you can find additional information about the fund, including the fund's:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF4278732
478SA-1
2/25
4/25
John Hancock 2065 Lifetime Blend Portfolio
Class A/JHBLX
Semiannual SHAREHOLDER REPORT | February 28, 2025
This semiannual shareholder reportcontains important information about the John Hancock 2065 Lifetime Blend Portfolio (the fund) for the period of September 1, 2024 to February 28, 2025. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
2065 Lifetime Blend Portfolio
(Class A/JHBLX) 		$21 0.41%
Fund Statistics
Fund net assets $95,148,630
Total number of portfolio holdings 24
Portfolio turnover rate 7%
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
Affiliated investment companies 60.8%
Equity 57.4%
Fixed income 3.4%
Unaffiliated investment companies 38.4%
Equity 38.4%
U.S. Government and Agency obligations 0.9%
U.S. Government 0.9%
Short-term investments and other (0.1%)
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF4278732
478SA-A
2/25
4/25
John Hancock 2065 Lifetime Blend Portfolio
Class R4/JAAJX
Semiannual SHAREHOLDER REPORT | February 28, 2025
This semiannual shareholder reportcontains important information about the John Hancock 2065 Lifetime Blend Portfolio (the fund) for the period of September 1, 2024 to February 28, 2025. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
2065 Lifetime Blend Portfolio
(Class R4/JAAJX) 		$8 0.15%
Fund Statistics
Fund net assets $95,148,630
Total number of portfolio holdings 24
Portfolio turnover rate 7%
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
Affiliated investment companies 60.8%
Equity 57.4%
Fixed income 3.4%
Unaffiliated investment companies 38.4%
Equity 38.4%
U.S. Government and Agency obligations 0.9%
U.S. Government 0.9%
Short-term investments and other (0.1%)
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF4278732
478SA-R4
2/25
4/25
John Hancock 2065 Lifetime Blend Portfolio
Class R6/JAAKX
Semiannual SHAREHOLDER REPORT | February 28, 2025
This semiannual shareholder reportcontains important information about the John Hancock 2065 Lifetime Blend Portfolio (the fund) for the period of September 1, 2024 to February 28, 2025. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
2065 Lifetime Blend Portfolio
(Class R6/JAAKX) 		$0 0.00%
Fund Statistics
Fund net assets $95,148,630
Total number of portfolio holdings 24
Portfolio turnover rate 7%
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
Affiliated investment companies 60.8%
Equity 57.4%
Fixed income 3.4%
Unaffiliated investment companies 38.4%
Equity 38.4%
U.S. Government and Agency obligations 0.9%
U.S. Government 0.9%
Short-term investments and other (0.1%)
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF4278732
478SA-R6
2/25
4/25
John Hancock 2060 Lifetime Blend Portfolio
Class 1/JRODX
Semiannual SHAREHOLDER REPORT | February 28, 2025
This semiannual shareholder reportcontains important information about the John Hancock 2060 Lifetime Blend Portfolio (the fund) for the period of September 1, 2024 to February 28, 2025. You can find additional information about the fund at jhinvestments.com/underlying-funds. You can also request this information by contacting us at 800-344-1029.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
2060 Lifetime Blend Portfolio
(Class 1/JRODX) 		$3 0.05%
Fund Statistics
Fund net assets $275,247,196
Total number of portfolio holdings 24
Portfolio turnover rate 6%
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
Affiliated investment companies 60.6%
Equity 57.2%
Fixed income 3.4%
Unaffiliated investment companies 38.4%
Equity 38.4%
U.S. Government and Agency obligations 1.0%
U.S. Government 1.0%
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/underlying-funds, you can find additional information about the fund, including the fund's:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF4278732
464SA-1
2/25
4/25
John Hancock 2060 Lifetime Blend Portfolio
Class A/JHBKX
Semiannual SHAREHOLDER REPORT | February 28, 2025
This semiannual shareholder reportcontains important information about the John Hancock 2060 Lifetime Blend Portfolio (the fund) for the period of September 1, 2024 to February 28, 2025. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
2060 Lifetime Blend Portfolio
(Class A/JHBKX) 		$21 0.41%
Fund Statistics
Fund net assets $275,247,196
Total number of portfolio holdings 24
Portfolio turnover rate 6%
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
Affiliated investment companies 60.6%
Equity 57.2%
Fixed income 3.4%
Unaffiliated investment companies 38.4%
Equity 38.4%
U.S. Government and Agency obligations 1.0%
U.S. Government 1.0%
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF4278732
464SA-A
2/25
4/25
John Hancock 2060 Lifetime Blend Portfolio
Class R4/JHIKX
Semiannual SHAREHOLDER REPORT | February 28, 2025
This semiannual shareholder reportcontains important information about the John Hancock 2060 Lifetime Blend Portfolio (the fund) for the period of September 1, 2024 to February 28, 2025. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
2060 Lifetime Blend Portfolio
(Class R4/JHIKX) 		$13 0.26%
Fund Statistics
Fund net assets $275,247,196
Total number of portfolio holdings 24
Portfolio turnover rate 6%
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
Affiliated investment companies 60.6%
Equity 57.2%
Fixed income 3.4%
Unaffiliated investment companies 38.4%
Equity 38.4%
U.S. Government and Agency obligations 1.0%
U.S. Government 1.0%
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF4278732
464SA-R4
2/25
4/25
John Hancock 2060 Lifetime Blend Portfolio
Class R6/JIEHX
Semiannual SHAREHOLDER REPORT | February 28, 2025
This semiannual shareholder reportcontains important information about the John Hancock 2060 Lifetime Blend Portfolio (the fund) for the period of September 1, 2024 to February 28, 2025. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
2060 Lifetime Blend Portfolio
(Class R6/JIEHX) 		$0 0.00%
Fund Statistics
Fund net assets $275,247,196
Total number of portfolio holdings 24
Portfolio turnover rate 6%
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
Affiliated investment companies 60.6%
Equity 57.2%
Fixed income 3.4%
Unaffiliated investment companies 38.4%
Equity 38.4%
U.S. Government and Agency obligations 1.0%
U.S. Government 1.0%
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF4278732
464SA-R6
2/25
4/25
John Hancock 2055 Lifetime Blend Portfolio
Class 1/JLKZX
Semiannual SHAREHOLDER REPORT | February 28, 2025
This semiannual shareholder reportcontains important information about the John Hancock 2055 Lifetime Blend Portfolio (the fund) for the period of September 1, 2024 to February 28, 2025. You can find additional information about the fund at jhinvestments.com/underlying-funds. You can also request this information by contacting us at 800-344-1029.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
2055 Lifetime Blend Portfolio
(Class 1/JLKZX) 		$3 0.05%
Fund Statistics
Fund net assets $470,387,175
Total number of portfolio holdings 24
Portfolio turnover rate 6%
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
Affiliated investment companies 60.7%
Equity 57.3%
Fixed income 3.4%
Unaffiliated investment companies 38.2%
Equity 38.2%
U.S. Government and Agency obligations 1.1%
U.S. Government 1.1%
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/underlying-funds, you can find additional information about the fund, including the fund's:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF4278732
450SA-1
2/25
4/25
John Hancock 2055 Lifetime Blend Portfolio
Class A/JHBJX
Semiannual SHAREHOLDER REPORT | February 28, 2025
This semiannual shareholder reportcontains important information about the John Hancock 2055 Lifetime Blend Portfolio (the fund) for the period of September 1, 2024 to February 28, 2025. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
2055 Lifetime Blend Portfolio
(Class A/JHBJX) 		$21 0.41%
Fund Statistics
Fund net assets $470,387,175
Total number of portfolio holdings 24
Portfolio turnover rate 6%
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
Affiliated investment companies 60.7%
Equity 57.3%
Fixed income 3.4%
Unaffiliated investment companies 38.2%
Equity 38.2%
U.S. Government and Agency obligations 1.1%
U.S. Government 1.1%
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF4278732
450SA-A
2/25
4/25
John Hancock 2055 Lifetime Blend Portfolio
Class R4/JLKWX
Semiannual SHAREHOLDER REPORT | February 28, 2025
This semiannual shareholder reportcontains important information about the John Hancock 2055 Lifetime Blend Portfolio (the fund) for the period of September 1, 2024 to February 28, 2025. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
2055 Lifetime Blend Portfolio
(Class R4/JLKWX) 		$13 0.26%
Fund Statistics
Fund net assets $470,387,175
Total number of portfolio holdings 24
Portfolio turnover rate 6%
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
Affiliated investment companies 60.7%
Equity 57.3%
Fixed income 3.4%
Unaffiliated investment companies 38.2%
Equity 38.2%
U.S. Government and Agency obligations 1.1%
U.S. Government 1.1%
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF4278732
450SA-R4
2/25
4/25
John Hancock 2055 Lifetime Blend Portfolio
Class R6/JLKYX
Semiannual SHAREHOLDER REPORT | February 28, 2025
This semiannual shareholder reportcontains important information about the John Hancock 2055 Lifetime Blend Portfolio (the fund) for the period of September 1, 2024 to February 28, 2025. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
2055 Lifetime Blend Portfolio
(Class R6/JLKYX) 		$0 0.00%
Fund Statistics
Fund net assets $470,387,175
Total number of portfolio holdings 24
Portfolio turnover rate 6%
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
Affiliated investment companies 60.7%
Equity 57.3%
Fixed income 3.4%
Unaffiliated investment companies 38.2%
Equity 38.2%
U.S. Government and Agency obligations 1.1%
U.S. Government 1.1%
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF4278732
450SA-R6
2/25
4/25
John Hancock 2050 Lifetime Blend Portfolio
Class 1/JRLWX
Semiannual SHAREHOLDER REPORT | February 28, 2025
This semiannual shareholder reportcontains important information about the John Hancock 2050 Lifetime Blend Portfolio (the fund) for the period of September 1, 2024 to February 28, 2025. You can find additional information about the fund at jhinvestments.com/underlying-funds. You can also request this information by contacting us at 800-344-1029.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
2050 Lifetime Blend Portfolio
(Class 1/JRLWX) 		$3 0.05%
Fund Statistics
Fund net assets $604,690,831
Total number of portfolio holdings 24
Portfolio turnover rate 6%
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
Affiliated investment companies 60.7%
Equity 57.3%
Fixed income 3.4%
Unaffiliated investment companies 38.2%
Equity 38.2%
U.S. Government and Agency obligations 1.1%
U.S. Government 1.1%
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/underlying-funds, you can find additional information about the fund, including the fund's:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF4278732
436SA-1
2/25
4/25
John Hancock 2050 Lifetime Blend Portfolio
Class A/JHBFX
Semiannual SHAREHOLDER REPORT | February 28, 2025
This semiannual shareholder reportcontains important information about the John Hancock 2050 Lifetime Blend Portfolio (the fund) for the period of September 1, 2024 to February 28, 2025. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
2050 Lifetime Blend Portfolio
(Class A/JHBFX) 		$21 0.41%
Fund Statistics
Fund net assets $604,690,831
Total number of portfolio holdings 24
Portfolio turnover rate 6%
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
Affiliated investment companies 60.7%
Equity 57.3%
Fixed income 3.4%
Unaffiliated investment companies 38.2%
Equity 38.2%
U.S. Government and Agency obligations 1.1%
U.S. Government 1.1%
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF4278732
436SA-A
2/25
4/25
John Hancock 2050 Lifetime Blend Portfolio
Class R4/JRTYX
Semiannual SHAREHOLDER REPORT | February 28, 2025
This semiannual shareholder reportcontains important information about the John Hancock 2050 Lifetime Blend Portfolio (the fund) for the period of September 1, 2024 to February 28, 2025. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
2050 Lifetime Blend Portfolio
(Class R4/JRTYX) 		$13 0.26%
Fund Statistics
Fund net assets $604,690,831
Total number of portfolio holdings 24
Portfolio turnover rate 6%
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
Affiliated investment companies 60.7%
Equity 57.3%
Fixed income 3.4%
Unaffiliated investment companies 38.2%
Equity 38.2%
U.S. Government and Agency obligations 1.1%
U.S. Government 1.1%
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF4278732
436SA-R4
2/25
4/25
John Hancock 2050 Lifetime Blend Portfolio
Class R6/JRLZX
Semiannual SHAREHOLDER REPORT | February 28, 2025
This semiannual shareholder reportcontains important information about the John Hancock 2050 Lifetime Blend Portfolio (the fund) for the period of September 1, 2024 to February 28, 2025. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
2050 Lifetime Blend Portfolio
(Class R6/JRLZX) 		$0 0.00%
Fund Statistics
Fund net assets $604,690,831
Total number of portfolio holdings 24
Portfolio turnover rate 6%
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
Affiliated investment companies 60.7%
Equity 57.3%
Fixed income 3.4%
Unaffiliated investment companies 38.2%
Equity 38.2%
U.S. Government and Agency obligations 1.1%
U.S. Government 1.1%
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF4278732
436SA-R6
2/25
4/25
John Hancock 2045 Lifetime Blend Portfolio
Class 1/JRLQX
Semiannual SHAREHOLDER REPORT | February 28, 2025
This semiannual shareholder reportcontains important information about the John Hancock 2045 Lifetime Blend Portfolio (the fund) for the period of September 1, 2024 to February 28, 2025. You can find additional information about the fund at jhinvestments.com/underlying-funds. You can also request this information by contacting us at 800-344-1029.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
2045 Lifetime Blend Portfolio
(Class 1/JRLQX) 		$3 0.05%
Fund Statistics
Fund net assets $721,878,173
Total number of portfolio holdings 32
Portfolio turnover rate 7%
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
Affiliated investment companies 58.9%
Equity 53.9%
Fixed income 5.0%
Unaffiliated investment companies 39.3%
Equity 36.4%
Fixed income 2.9%
U.S. Government and Agency obligations 1.8%
U.S. Government 1.8%
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/underlying-funds, you can find additional information about the fund, including the fund's:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF4278732
435SA-1
2/25
4/25
John Hancock 2045 Lifetime Blend Portfolio
Class A/JHBEX
Semiannual SHAREHOLDER REPORT | February 28, 2025
This semiannual shareholder reportcontains important information about the John Hancock 2045 Lifetime Blend Portfolio (the fund) for the period of September 1, 2024 to February 28, 2025. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
2045 Lifetime Blend Portfolio
(Class A/JHBEX) 		$21 0.41%
Fund Statistics
Fund net assets $721,878,173
Total number of portfolio holdings 32
Portfolio turnover rate 7%
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
Affiliated investment companies 58.9%
Equity 53.9%
Fixed income 5.0%
Unaffiliated investment companies 39.3%
Equity 36.4%
Fixed income 2.9%
U.S. Government and Agency obligations 1.8%
U.S. Government 1.8%
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF4278732
435SA-A
2/25
4/25
John Hancock 2045 Lifetime Blend Portfolio
Class R4/JRLUX
Semiannual SHAREHOLDER REPORT | February 28, 2025
This semiannual shareholder reportcontains important information about the John Hancock 2045 Lifetime Blend Portfolio (the fund) for the period of September 1, 2024 to February 28, 2025. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
2045 Lifetime Blend Portfolio
(Class R4/JRLUX) 		$13 0.26%
Fund Statistics
Fund net assets $721,878,173
Total number of portfolio holdings 32
Portfolio turnover rate 7%
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
Affiliated investment companies 58.9%
Equity 53.9%
Fixed income 5.0%
Unaffiliated investment companies 39.3%
Equity 36.4%
Fixed income 2.9%
U.S. Government and Agency obligations 1.8%
U.S. Government 1.8%
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF4278732
435SA-R4
2/25
4/25
John Hancock 2045 Lifetime Blend Portfolio
Class R6/JRLVX
Semiannual SHAREHOLDER REPORT | February 28, 2025
This semiannual shareholder reportcontains important information about the John Hancock 2045 Lifetime Blend Portfolio (the fund) for the period of September 1, 2024 to February 28, 2025. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
2045 Lifetime Blend Portfolio
(Class R6/JRLVX) 		$0 0.00%
Fund Statistics
Fund net assets $721,878,173
Total number of portfolio holdings 32
Portfolio turnover rate 7%
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
Affiliated investment companies 58.9%
Equity 53.9%
Fixed income 5.0%
Unaffiliated investment companies 39.3%
Equity 36.4%
Fixed income 2.9%
U.S. Government and Agency obligations 1.8%
U.S. Government 1.8%
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF4278732
435SA-R6
2/25
4/25
John Hancock 2040 Lifetime Blend Portfolio
Class 1/JRTTX
Semiannual SHAREHOLDER REPORT | February 28, 2025
This semiannual shareholder reportcontains important information about the John Hancock 2040 Lifetime Blend Portfolio (the fund) for the period of September 1, 2024 to February 28, 2025. You can find additional information about the fund at jhinvestments.com/underlying-funds. You can also request this information by contacting us at 800-344-1029.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
2040 Lifetime Blend Portfolio
(Class 1/JRTTX) 		$3 0.05%
Fund Statistics
Fund net assets $828,555,101
Total number of portfolio holdings 32
Portfolio turnover rate 6%
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
Affiliated investment companies 57.0%
Equity 47.5%
Fixed income 9.5%
Unaffiliated investment companies 40.6%
Equity 34.8%
Fixed income 5.8%
U.S. Government and Agency obligations 2.4%
U.S. Government 2.4%
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/underlying-funds, you can find additional information about the fund, including the fund's:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF4278732
434SA-1
2/25
4/25
John Hancock 2040 Lifetime Blend Portfolio
Class A/JHBAX
Semiannual SHAREHOLDER REPORT | February 28, 2025
This semiannual shareholder reportcontains important information about the John Hancock 2040 Lifetime Blend Portfolio (the fund) for the period of September 1, 2024 to February 28, 2025. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
2040 Lifetime Blend Portfolio
(Class A/JHBAX) 		$21 0.41%
Fund Statistics
Fund net assets $828,555,101
Total number of portfolio holdings 32
Portfolio turnover rate 6%
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
Affiliated investment companies 57.0%
Equity 47.5%
Fixed income 9.5%
Unaffiliated investment companies 40.6%
Equity 34.8%
Fixed income 5.8%
U.S. Government and Agency obligations 2.4%
U.S. Government 2.4%
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF4278732
434SA-A
2/25
4/25
John Hancock 2040 Lifetime Blend Portfolio
Class R4/JRTVX
Semiannual SHAREHOLDER REPORT | February 28, 2025
This semiannual shareholder reportcontains important information about the John Hancock 2040 Lifetime Blend Portfolio (the fund) for the period of September 1, 2024 to February 28, 2025. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
2040 Lifetime Blend Portfolio
(Class R4/JRTVX) 		$13 0.26%
Fund Statistics
Fund net assets $828,555,101
Total number of portfolio holdings 32
Portfolio turnover rate 6%
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
Affiliated investment companies 57.0%
Equity 47.5%
Fixed income 9.5%
Unaffiliated investment companies 40.6%
Equity 34.8%
Fixed income 5.8%
U.S. Government and Agency obligations 2.4%
U.S. Government 2.4%
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF4278732
434SA-R4
2/25
4/25
John Hancock 2040 Lifetime Blend Portfolio
Class R6/JRTWX
Semiannual SHAREHOLDER REPORT | February 28, 2025
This semiannual shareholder reportcontains important information about the John Hancock 2040 Lifetime Blend Portfolio (the fund) for the period of September 1, 2024 to February 28, 2025. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
2040 Lifetime Blend Portfolio
(Class R6/JRTWX) 		$0 0.00%
Fund Statistics
Fund net assets $828,555,101
Total number of portfolio holdings 32
Portfolio turnover rate 6%
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
Affiliated investment companies 57.0%
Equity 47.5%
Fixed income 9.5%
Unaffiliated investment companies 40.6%
Equity 34.8%
Fixed income 5.8%
U.S. Government and Agency obligations 2.4%
U.S. Government 2.4%
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF4278732
434SA-R6
2/25
4/25
John Hancock 2035 Lifetime Blend Portfolio
Class 1/JRTKX
Semiannual SHAREHOLDER REPORT | February 28, 2025
This semiannual shareholder reportcontains important information about the John Hancock 2035 Lifetime Blend Portfolio (the fund) for the period of September 1, 2024 to February 28, 2025. You can find additional information about the fund at jhinvestments.com/underlying-funds. You can also request this information by contacting us at 800-344-1029.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
2035 Lifetime Blend Portfolio
(Class 1/JRTKX) 		$3 0.05%
Fund Statistics
Fund net assets $947,443,035
Total number of portfolio holdings 32
Portfolio turnover rate 7%
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
Affiliated investment companies 57.0%
Equity 42.3%
Fixed income 14.7%
Unaffiliated investment companies 40.0%
Equity 30.6%
Fixed income 9.4%
U.S. Government and Agency obligations 3.0%
U.S. Government 3.0%
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/underlying-funds, you can find additional information about the fund, including the fund's:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF4278732
433SA-1
2/25
4/25
John Hancock 2035 Lifetime Blend Portfolio
Class A/JHAYX
Semiannual SHAREHOLDER REPORT | February 28, 2025
This semiannual shareholder reportcontains important information about the John Hancock 2035 Lifetime Blend Portfolio (the fund) for the period of September 1, 2024 to February 28, 2025. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
2035 Lifetime Blend Portfolio
(Class A/JHAYX) 		$21 0.41%
Fund Statistics
Fund net assets $947,443,035
Total number of portfolio holdings 32
Portfolio turnover rate 7%
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
Affiliated investment companies 57.0%
Equity 42.3%
Fixed income 14.7%
Unaffiliated investment companies 40.0%
Equity 30.6%
Fixed income 9.4%
U.S. Government and Agency obligations 3.0%
U.S. Government 3.0%
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF4278732
433SA-A
2/25
4/25
John Hancock 2035 Lifetime Blend Portfolio
Class R4/JRTMX
Semiannual SHAREHOLDER REPORT | February 28, 2025
This semiannual shareholder reportcontains important information about the John Hancock 2035 Lifetime Blend Portfolio (the fund) for the period of September 1, 2024 to February 28, 2025. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
2035 Lifetime Blend Portfolio
(Class R4/JRTMX) 		$13 0.25%
Fund Statistics
Fund net assets $947,443,035
Total number of portfolio holdings 32
Portfolio turnover rate 7%
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
Affiliated investment companies 57.0%
Equity 42.3%
Fixed income 14.7%
Unaffiliated investment companies 40.0%
Equity 30.6%
Fixed income 9.4%
U.S. Government and Agency obligations 3.0%
U.S. Government 3.0%
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF4278732
433SA-R4
2/25
4/25
John Hancock 2035 Lifetime Blend Portfolio
Class R6/JRTNX
Semiannual SHAREHOLDER REPORT | February 28, 2025
This semiannual shareholder reportcontains important information about the John Hancock 2035 Lifetime Blend Portfolio (the fund) for the period of September 1, 2024 to February 28, 2025. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
2035 Lifetime Blend Portfolio
(Class R6/JRTNX) 		$0 0.00%
Fund Statistics
Fund net assets $947,443,035
Total number of portfolio holdings 32
Portfolio turnover rate 7%
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
Affiliated investment companies 57.0%
Equity 42.3%
Fixed income 14.7%
Unaffiliated investment companies 40.0%
Equity 30.6%
Fixed income 9.4%
U.S. Government and Agency obligations 3.0%
U.S. Government 3.0%
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF4278732
433SA-R6
2/25
4/25
John Hancock 2030 Lifetime Blend Portfolio
Class 1/JRTGX
Semiannual SHAREHOLDER REPORT | February 28, 2025
This semiannual shareholder reportcontains important information about the John Hancock 2030 Lifetime Blend Portfolio (the fund) for the period of September 1, 2024 to February 28, 2025. You can find additional information about the fund at jhinvestments.com/underlying-funds. You can also request this information by contacting us at 800-344-1029.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
2030 Lifetime Blend Portfolio
(Class 1/JRTGX) 		$3 0.06%
Fund Statistics
Fund net assets $939,146,055
Total number of portfolio holdings 38
Portfolio turnover rate 8%
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
Affiliated investment companies 54.3%
Equity 36.8%
Fixed income 17.5%
Unaffiliated investment companies 41.0%
Equity 25.7%
Fixed income 15.3%
U.S. Government and Agency obligations 4.7%
U.S. Government 4.7%
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/underlying-funds, you can find additional information about the fund, including the fund's:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF4278732
432SA-1
2/25
4/25
John Hancock 2030 Lifetime Blend Portfolio
Class A/JHAVX
Semiannual SHAREHOLDER REPORT | February 28, 2025
This semiannual shareholder reportcontains important information about the John Hancock 2030 Lifetime Blend Portfolio (the fund) for the period of September 1, 2024 to February 28, 2025. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
2030 Lifetime Blend Portfolio
(Class A/JHAVX) 		$21 0.42%
Fund Statistics
Fund net assets $939,146,055
Total number of portfolio holdings 38
Portfolio turnover rate 8%
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
Affiliated investment companies 54.3%
Equity 36.8%
Fixed income 17.5%
Unaffiliated investment companies 41.0%
Equity 25.7%
Fixed income 15.3%
U.S. Government and Agency obligations 4.7%
U.S. Government 4.7%
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF4278732
432SA-A
2/25
4/25
John Hancock 2030 Lifetime Blend Portfolio
Class R4/JRTIX
Semiannual SHAREHOLDER REPORT | February 28, 2025
This semiannual shareholder reportcontains important information about the John Hancock 2030 Lifetime Blend Portfolio (the fund) for the period of September 1, 2024 to February 28, 2025. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
2030 Lifetime Blend Portfolio
(Class R4/JRTIX) 		$13 0.26%
Fund Statistics
Fund net assets $939,146,055
Total number of portfolio holdings 38
Portfolio turnover rate 8%
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
Affiliated investment companies 54.3%
Equity 36.8%
Fixed income 17.5%
Unaffiliated investment companies 41.0%
Equity 25.7%
Fixed income 15.3%
U.S. Government and Agency obligations 4.7%
U.S. Government 4.7%
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF4278732
432SA-R4
2/25
4/25
John Hancock 2030 Lifetime Blend Portfolio
Class R6/JRTJX
Semiannual SHAREHOLDER REPORT | February 28, 2025
This semiannual shareholder reportcontains important information about the John Hancock 2030 Lifetime Blend Portfolio (the fund) for the period of September 1, 2024 to February 28, 2025. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
2030 Lifetime Blend Portfolio
(Class R6/JRTJX) 		$1 0.01%
Fund Statistics
Fund net assets $939,146,055
Total number of portfolio holdings 38
Portfolio turnover rate 8%
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
Affiliated investment companies 54.3%
Equity 36.8%
Fixed income 17.5%
Unaffiliated investment companies 41.0%
Equity 25.7%
Fixed income 15.3%
U.S. Government and Agency obligations 4.7%
U.S. Government 4.7%
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF4278732
432SA-R6
2/25
4/25
John Hancock 2025 Lifetime Blend Portfolio
Class 1/JRTBX
Semiannual SHAREHOLDER REPORT | February 28, 2025
This semiannual shareholder reportcontains important information about the John Hancock 2025 Lifetime Blend Portfolio (the fund) for the period of September 1, 2024 to February 28, 2025. You can find additional information about the fund at jhinvestments.com/underlying-funds. You can also request this information by contacting us at 800-344-1029.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
2025 Lifetime Blend Portfolio
(Class 1/JRTBX) 		$5 0.09%
Fund Statistics
Fund net assets $689,263,414
Total number of portfolio holdings 37
Portfolio turnover rate 8%
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
Affiliated investment companies 50.8%
Equity 28.3%
Fixed income 22.5%
Unaffiliated investment companies 43.4%
Equity 22.0%
Fixed income 21.4%
U.S. Government and Agency obligations 5.8%
U.S. Government 5.8%
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/underlying-funds, you can find additional information about the fund, including the fund's:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF4278732
431SA-1
2/25
4/25
John Hancock 2025 Lifetime Blend Portfolio
Class A/JHAUX
Semiannual SHAREHOLDER REPORT | February 28, 2025
This semiannual shareholder reportcontains important information about the John Hancock 2025 Lifetime Blend Portfolio (the fund) for the period of September 1, 2024 to February 28, 2025. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
2025 Lifetime Blend Portfolio
(Class A/JHAUX) 		$23 0.45%
Fund Statistics
Fund net assets $689,263,414
Total number of portfolio holdings 37
Portfolio turnover rate 8%
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
Affiliated investment companies 50.8%
Equity 28.3%
Fixed income 22.5%
Unaffiliated investment companies 43.4%
Equity 22.0%
Fixed income 21.4%
U.S. Government and Agency obligations 5.8%
U.S. Government 5.8%
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF4278732
431SA-A
2/25
4/25
John Hancock 2025 Lifetime Blend Portfolio
Class R4/JRTDX
Semiannual SHAREHOLDER REPORT | February 28, 2025
This semiannual shareholder reportcontains important information about the John Hancock 2025 Lifetime Blend Portfolio (the fund) for the period of September 1, 2024 to February 28, 2025. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
2025 Lifetime Blend Portfolio
(Class R4/JRTDX) 		$15 0.30%
Fund Statistics
Fund net assets $689,263,414
Total number of portfolio holdings 37
Portfolio turnover rate 8%
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
Affiliated investment companies 50.8%
Equity 28.3%
Fixed income 22.5%
Unaffiliated investment companies 43.4%
Equity 22.0%
Fixed income 21.4%
U.S. Government and Agency obligations 5.8%
U.S. Government 5.8%
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF4278732
431SA-R4
2/25
4/25
John Hancock 2025 Lifetime Blend Portfolio
Class R6/JRTFX
Semiannual SHAREHOLDER REPORT | February 28, 2025
This semiannual shareholder reportcontains important information about the John Hancock 2025 Lifetime Blend Portfolio (the fund) for the period of September 1, 2024 to February 28, 2025. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
2025 Lifetime Blend Portfolio
(Class R6/JRTFX) 		$3 0.05%
Fund Statistics
Fund net assets $689,263,414
Total number of portfolio holdings 37
Portfolio turnover rate 8%
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
Affiliated investment companies 50.8%
Equity 28.3%
Fixed income 22.5%
Unaffiliated investment companies 43.4%
Equity 22.0%
Fixed income 21.4%
U.S. Government and Agency obligations 5.8%
U.S. Government 5.8%
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF4278732
431SA-R6
2/25
4/25
John Hancock 2020 Lifetime Blend Portfolio
Class 1/JRLOX
Semiannual SHAREHOLDER REPORT | February 28, 2025
This semiannual shareholder reportcontains important information about the John Hancock 2020 Lifetime Blend Portfolio (the fund) for the period of September 1, 2024 to February 28, 2025. You can find additional information about the fund at jhinvestments.com/underlying-funds. You can also request this information by contacting us at 800-344-1029.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
2020 Lifetime Blend Portfolio
(Class 1/JRLOX) 		$6 0.12%
Fund Statistics
Fund net assets $306,117,082
Total number of portfolio holdings 37
Portfolio turnover rate 12%
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
Affiliated investment companies 46.3%
Fixed income 24.0%
Equity 22.3%
Unaffiliated investment companies 46.8%
Fixed income 25.1%
Equity 21.7%
U.S. Government and Agency obligations 6.9%
U.S. Government 6.9%
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/underlying-funds, you can find additional information about the fund, including the fund's:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF4278732
430SA-1
2/25
4/25
John Hancock 2020 Lifetime Blend Portfolio
Class A/JHAPX
Semiannual SHAREHOLDER REPORT | February 28, 2025
This semiannual shareholder reportcontains important information about the John Hancock 2020 Lifetime Blend Portfolio (the fund) for the period of September 1, 2024 to February 28, 2025. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
2020 Lifetime Blend Portfolio
(Class A/JHAPX) 		$25 0.49%
Fund Statistics
Fund net assets $306,117,082
Total number of portfolio holdings 37
Portfolio turnover rate 12%
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
Affiliated investment companies 46.3%
Fixed income 24.0%
Equity 22.3%
Unaffiliated investment companies 46.8%
Fixed income 25.1%
Equity 21.7%
U.S. Government and Agency obligations 6.9%
U.S. Government 6.9%
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF4278732
430SA-A
2/25
4/25
John Hancock 2020 Lifetime Blend Portfolio
Class R4/JRLPX
Semiannual SHAREHOLDER REPORT | February 28, 2025
This semiannual shareholder reportcontains important information about the John Hancock 2020 Lifetime Blend Portfolio (the fund) for the period of September 1, 2024 to February 28, 2025. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
2020 Lifetime Blend Portfolio
(Class R4/JRLPX) 		$17 0.33%
Fund Statistics
Fund net assets $306,117,082
Total number of portfolio holdings 37
Portfolio turnover rate 12%
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
Affiliated investment companies 46.3%
Fixed income 24.0%
Equity 22.3%
Unaffiliated investment companies 46.8%
Fixed income 25.1%
Equity 21.7%
U.S. Government and Agency obligations 6.9%
U.S. Government 6.9%
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF4278732
430SA-R4
2/25
4/25
John Hancock 2020 Lifetime Blend Portfolio
Class R6/JRTAX
Semiannual SHAREHOLDER REPORT | February 28, 2025
This semiannual shareholder reportcontains important information about the John Hancock 2020 Lifetime Blend Portfolio (the fund) for the period of September 1, 2024 to February 28, 2025. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
2020 Lifetime Blend Portfolio
(Class R6/JRTAX) 		$4 0.08%
Fund Statistics
Fund net assets $306,117,082
Total number of portfolio holdings 37
Portfolio turnover rate 12%
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
Affiliated investment companies 46.3%
Fixed income 24.0%
Equity 22.3%
Unaffiliated investment companies 46.8%
Fixed income 25.1%
Equity 21.7%
U.S. Government and Agency obligations 6.9%
U.S. Government 6.9%
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF4278732
430SA-R6
2/25
4/25
John Hancock 2015 Lifetime Blend Portfolio
Class 1/JRLIX
Semiannual SHAREHOLDER REPORT | February 28, 2025
This semiannual shareholder reportcontains important information about the John Hancock 2015 Lifetime Blend Portfolio (the fund) for the period of September 1, 2024 to February 28, 2025. You can find additional information about the fund at jhinvestments.com/underlying-funds. You can also request this information by contacting us at 800-344-1029.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
2015 Lifetime Blend Portfolio
(Class 1/JRLIX) 		$7 0.14%
Fund Statistics
Fund net assets $95,248,295
Total number of portfolio holdings 34
Portfolio turnover rate 12%
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
Affiliated investment companies 43.9%
Fixed income 26.1%
Equity 17.8%
Unaffiliated investment companies 48.4%
Fixed income 29.2%
Equity 19.2%
U.S. Government and Agency obligations 7.7%
U.S. Government 7.7%
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/underlying-funds, you can find additional information about the fund, including the fund's:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF4278732
429SA-1
2/25
4/25
John Hancock 2015 Lifetime Blend Portfolio
Class A/JHAOX
Semiannual SHAREHOLDER REPORT | February 28, 2025
This semiannual shareholder reportcontains important information about the John Hancock 2015 Lifetime Blend Portfolio (the fund) for the period of September 1, 2024 to February 28, 2025. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
2015 Lifetime Blend Portfolio
(Class A/JHAOX) 		$25 0.50%
Fund Statistics
Fund net assets $95,248,295
Total number of portfolio holdings 34
Portfolio turnover rate 12%
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
Affiliated investment companies 43.9%
Fixed income 26.1%
Equity 17.8%
Unaffiliated investment companies 48.4%
Fixed income 29.2%
Equity 19.2%
U.S. Government and Agency obligations 7.7%
U.S. Government 7.7%
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF4278732
429SA-A
2/25
4/25
John Hancock 2015 Lifetime Blend Portfolio
Class R4/JRLKX
Semiannual SHAREHOLDER REPORT | February 28, 2025
This semiannual shareholder reportcontains important information about the John Hancock 2015 Lifetime Blend Portfolio (the fund) for the period of September 1, 2024 to February 28, 2025. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
2015 Lifetime Blend Portfolio
(Class R4/JRLKX) 		$17 0.34%
Fund Statistics
Fund net assets $95,248,295
Total number of portfolio holdings 34
Portfolio turnover rate 12%
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
Affiliated investment companies 43.9%
Fixed income 26.1%
Equity 17.8%
Unaffiliated investment companies 48.4%
Fixed income 29.2%
Equity 19.2%
U.S. Government and Agency obligations 7.7%
U.S. Government 7.7%
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF4278732
429SA-R4
2/25
4/25
John Hancock 2015 Lifetime Blend Portfolio
Class R6/JRLLX
Semiannual SHAREHOLDER REPORT | February 28, 2025
This semiannual shareholder reportcontains important information about the John Hancock 2015 Lifetime Blend Portfolio (the fund) for the period of September 1, 2024 to February 28, 2025. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
2015 Lifetime Blend Portfolio
(Class R6/JRLLX) 		$5 0.10%
Fund Statistics
Fund net assets $95,248,295
Total number of portfolio holdings 34
Portfolio turnover rate 12%
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
Affiliated investment companies 43.9%
Fixed income 26.1%
Equity 17.8%
Unaffiliated investment companies 48.4%
Fixed income 29.2%
Equity 19.2%
U.S. Government and Agency obligations 7.7%
U.S. Government 7.7%
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF4278732
429SA-R6
2/25
4/25
John Hancock 2010 Lifetime Blend Portfolio
Class 1/JRLDX
Semiannual SHAREHOLDER REPORT | February 28, 2025
This semiannual shareholder reportcontains important information about the John Hancock 2010 Lifetime Blend Portfolio (the fund) for the period of September 1, 2024 to February 28, 2025. You can find additional information about the fund at jhinvestments.com/underlying-funds. You can also request this information by contacting us at 800-344-1029.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
2010 Lifetime Blend Portfolio
(Class 1/JRLDX) 		$8 0.15%
Fund Statistics
Fund net assets $72,177,544
Total number of portfolio holdings 34
Portfolio turnover rate 16%
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
Affiliated investment companies 40.9%
Fixed income 27.1%
Equity 13.8%
Unaffiliated investment companies 50.3%
Fixed income 33.0%
Equity 17.3%
U.S. Government and Agency obligations 8.8%
U.S. Government 8.8%
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/underlying-funds, you can find additional information about the fund, including the fund's:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF4278732
428SA-1
2/25
4/25
John Hancock 2010 Lifetime Blend Portfolio
Class A/JHANX
Semiannual SHAREHOLDER REPORT | February 28, 2025
This semiannual shareholder reportcontains important information about the John Hancock 2010 Lifetime Blend Portfolio (the fund) for the period of September 1, 2024 to February 28, 2025. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
2010 Lifetime Blend Portfolio
(Class A/JHANX) 		$26 0.51%
Fund Statistics
Fund net assets $72,177,544
Total number of portfolio holdings 34
Portfolio turnover rate 16%
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
Affiliated investment companies 40.9%
Fixed income 27.1%
Equity 13.8%
Unaffiliated investment companies 50.3%
Fixed income 33.0%
Equity 17.3%
U.S. Government and Agency obligations 8.8%
U.S. Government 8.8%
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF4278732
428SA-A
2/25
4/25
John Hancock 2010 Lifetime Blend Portfolio
Class R4/JRLFX
Semiannual SHAREHOLDER REPORT | February 28, 2025
This semiannual shareholder reportcontains important information about the John Hancock 2010 Lifetime Blend Portfolio (the fund) for the period of September 1, 2024 to February 28, 2025. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
2010 Lifetime Blend Portfolio
(Class R4/JRLFX) 		$13 0.25%
Fund Statistics
Fund net assets $72,177,544
Total number of portfolio holdings 34
Portfolio turnover rate 16%
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
Affiliated investment companies 40.9%
Fixed income 27.1%
Equity 13.8%
Unaffiliated investment companies 50.3%
Fixed income 33.0%
Equity 17.3%
U.S. Government and Agency obligations 8.8%
U.S. Government 8.8%
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF4278732
428SA-R4
2/25
4/25
John Hancock 2010 Lifetime Blend Portfolio
Class R6/JRLHX
Semiannual SHAREHOLDER REPORT | February 28, 2025
This semiannual shareholder reportcontains important information about the John Hancock 2010 Lifetime Blend Portfolio (the fund) for the period of September 1, 2024 to February 28, 2025. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last six months ?
(Based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage
of a $10,000 investment
2010 Lifetime Blend Portfolio
(Class R6/JRLHX) 		$6 0.11%
Fund Statistics
Fund net assets $72,177,544
Total number of portfolio holdings 34
Portfolio turnover rate 16%
Graphical Representation of Holdings
The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.
Asset Allocation
Affiliated investment companies 40.9%
Fixed income 27.1%
Equity 13.8%
Unaffiliated investment companies 50.3%
Fixed income 33.0%
Equity 17.3%
U.S. Government and Agency obligations 8.8%
U.S. Government 8.8%
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
MF4278732
428SA-R6
2/25
4/25
|
John Hancock 2065 Lifetime Blend Portfolio

ITEM 2. CODE OF ETHICS.

Item is not applicable at this time.


ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.

Item is not applicable at this time.


ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.

Item is not applicable at this time.


ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS.

Item is not applicable at this time.


ITEM 6. SCHEDULE OF INVESTMENTS.

(a) Refer to information included in Item 7.

(b) Not applicable.


ITEM 7. FINANCIAL STATEMENTS AND FINANCIAL HIGHLIGHTS FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.

The Registrant prepared financial statements and financial highlights for the six months ended February 28, 2025 for the following funds:

  • John Hancock 2010 Lifetime Blend Portfolio

  • John Hancock 2015 Lifetime Blend Portfolio

  • John Hancock 2020 Lifetime Blend Portfolio

  • John Hancock 2025 Lifetime Blend Portfolio

  • John Hancock 2030 Lifetime Blend Portfolio

  • John Hancock 2035 Lifetime Blend Portfolio

  • John Hancock 2040 Lifetime Blend Portfolio

  • John Hancock 2045 Lifetime Blend Portfolio

  • John Hancock 2050 Lifetime Blend Portfolio

  • John Hancock 2055 Lifetime Blend Portfolio

  • John Hancock 2060 Lifetime Blend Portfolio

  • John Hancock 2065 Lifetime Blend Portfolio


Semiannual Financial Statements & Other N-CSR Items
John Hancock
Lifetime Blend Portfolios
Target date
February 28, 2025
John Hancock
Lifetime Blend Portfolios
Table of contents
2 Portfolios' investments
11 Financial statements
21 Financial highlights
33 Notes to financial statements
1 JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | SEMIANNUAL REPORT
Table of Contents
Portfolios' investments
2065 LIFETIME BLEND PORTFOLIO
As of 2-28-25 (unaudited)
Shares or
Principal
Amount 		Value
AFFILIATED INVESTMENT COMPANIES (A) - 60.8%
Equity - 57.4%
International Strategic Equity Allocation, Class NAV, JHF II (MIM US) (B) 2,090,332 $21,384,096
U.S. Sector Rotation, Class NAV, JHF II (MIM US) (B) 2,697,837 33,237,353
Fixed income - 3.4%
Bond, Class NAV, JHSB (MIM US) (B) 165,585 2,255,266
Emerging Markets Debt, Class NAV, JHF II (MIM US) (B) 71,106 561,736
High Yield, Class NAV, JHBT (MIM US) (B) 138,926 426,503
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost
$51,917,281) 		$57,864,954
UNAFFILIATED INVESTMENT COMPANIES - 38.4%
Equity - 38.4%
Fidelity Mid Cap Index Fund 335,597 11,477,431
Fidelity Small Cap Index Fund 151,047 4,061,656
Financial Select Sector SPDR Fund 6,693 349,241
Vanguard FTSE All World ex-US Small-Cap ETF 4,947 570,142
Vanguard FTSE Developed Markets ETF 51,034 2,606,306
Vanguard FTSE Emerging Markets ETF 67,876 3,036,093
Vanguard Health Care ETF 1,414 384,396
Vanguard Information Technology ETF 446 266,922
Vanguard S&P 500 ETF 25,121 13,724,356
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost
$32,158,316) 		$36,476,543
COMMON STOCKS - 0.0%
Consumer staples - 0.0%
China Huishan Dairy Holdings Company, Ltd. (C)(D) 300 0
ICA Gruppen AB (C)(D) 13 0
Health care - 0.0%
NMC Health PLC (C)(D) 9 0
Real estate - 0.0%
Dalian Wanda Commercial Properties Company, Ltd., H Shares (C)(D)(E) 240 728
Utilities - 0.0%
China Common Rich Renewable Energy Investments, Ltd. (C)(D) 1,216 34
TOTAL COMMON STOCKS (Cost
$302) 		$762
U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 0.9%
U.S. Government - 0.9%
U.S. Treasury STRIPS, PO, 4.427%, 02/15/2054 $723,000 202,431
U.S. Treasury STRIPS, PO, 4.483%, 11/15/2052 767,600 223,686
U.S. Treasury STRIPS, PO, 4.572%, 05/15/2050 457,600 145,869
U.S. Treasury STRIPS, PO, 4.577%, 08/15/2051 973,200 292,690
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost
$907,685) 		$864,676
SHORT-TERM INVESTMENTS - 0.0%
Short-term funds - 0.0%
John Hancock Collateral Trust, 4.3522% (F)(G) 302 3,018
2065 LIFETIME BLEND PORTFOLIO (continued)
Shares or
Principal
Amount 		Value
TOTAL SHORT-TERM INVESTMENTS (Cost $2,847) $3,018
Total investments (Cost $84,986,431) - 100.1% $95,209,953
Other assets and liabilities, net - (0.1%) (61,323)
TOTAL NET ASSETS - 100.0% $95,148,630
2060 LIFETIME BLEND PORTFOLIO
As of 2-28-25 (unaudited)
Shares or
Principal
Amount 		Value
AFFILIATED INVESTMENT COMPANIES (A) - 60.6%
Equity - 57.2%
International Strategic Equity Allocation, Class NAV, JHF II (MIM US) (B) 6,043,417 $61,824,158
U.S. Sector Rotation, Class NAV, JHF II (MIM US) (B) 7,765,842 95,675,172
Fixed income - 3.4%
Bond, Class NAV, JHSB (MIM US) (B) 469,578 6,395,658
Emerging Markets Debt, Class NAV, JHF II (MIM US) (B) 201,647 1,593,014
High Yield, Class NAV, JHBT (MIM US) (B) 393,978 1,209,511
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost
$144,107,867) 		$166,697,513
UNAFFILIATED INVESTMENT COMPANIES - 38.4%
Equity - 38.4%
Fidelity Mid Cap Index Fund 982,279 33,593,925
Fidelity Small Cap Index Fund 441,736 11,878,284
Financial Select Sector SPDR Fund 18,844 983,280
Vanguard FTSE All World ex-US Small-Cap ETF 14,430 1,663,058
Vanguard FTSE Developed Markets ETF 148,130 7,564,999
Vanguard FTSE Emerging Markets ETF 196,547 8,791,547
Vanguard Health Care ETF 3,913 1,063,749
Vanguard Information Technology ETF 1,288 770,842
Vanguard S&P 500 ETF 72,153 39,419,348
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost
$85,948,544) 		$105,729,032
COMMON STOCKS - 0.0%
Consumer staples - 0.0%
China Huishan Dairy Holdings Company, Ltd. (C)(D) 2,326 0
ICA Gruppen AB (C)(D) 100 0
Health care - 0.0%
NMC Health PLC (C)(D) 73 0
Real estate - 0.0%
Dalian Wanda Commercial Properties Company, Ltd., H Shares (C)(D)(E) 1,860 5,651
Utilities - 0.0%
China Common Rich Renewable Energy Investments, Ltd. (C)(D) 9,419 260
TOTAL COMMON STOCKS (Cost
$2,348) 		$5,911
SEE NOTES TO FINANCIAL STATEMENTS | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS 2
Table of Contents
2060 LIFETIME BLEND PORTFOLIO (continued)
Shares or
Principal
Amount 		Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 1.0%
U.S. Government - 1.0%
U.S. Treasury STRIPS, PO, 4.427%, 02/15/2054 $2,382,400 $667,041
U.S. Treasury STRIPS, PO, 4.483%, 11/15/2052 2,547,800 742,454
U.S. Treasury STRIPS, PO, 4.572%, 05/15/2050 1,343,200 428,171
U.S. Treasury STRIPS, PO, 4.577%, 08/15/2051 3,231,400 971,843
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost
$3,017,401) 		$2,809,509
SHORT-TERM INVESTMENTS - 0.0%
Short-term funds - 0.0%
John Hancock Collateral Trust, 4.3522% (F)(G) 196 1,958
TOTAL SHORT-TERM INVESTMENTS (Cost $1,796) $1,958
Total investments (Cost $233,077,956) - 100.0% $275,243,923
Other assets and liabilities, net - 0.0% 3,273
TOTAL NET ASSETS - 100.0% $275,247,196
2055 LIFETIME BLEND PORTFOLIO
As of 2-28-25 (unaudited)
Shares or
Principal
Amount 		Value
AFFILIATED INVESTMENT COMPANIES (A) - 60.7%
Equity - 57.3%
International Strategic Equity Allocation, Class NAV, JHF II (MIM US) (B) 10,404,945 $106,442,584
U.S. Sector Rotation, Class NAV, JHF II (MIM US) (B) 13,231,911 163,017,148
Fixed income - 3.4%
Bond, Class NAV, JHSB (MIM US) (B) 828,662 11,286,383
Emerging Markets Debt, Class NAV, JHF II (MIM US) (B) 354,469 2,800,306
High Yield, Class NAV, JHBT (MIM US) (B) 687,465 2,110,517
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost
$246,213,354) 		$285,656,938
UNAFFILIATED INVESTMENT COMPANIES - 38.2%
Equity - 38.2%
Fidelity Mid Cap Index Fund 1,658,786 56,730,470
Fidelity Small Cap Index Fund 745,965 20,059,003
Financial Select Sector SPDR Fund 32,238 1,682,179
Vanguard FTSE All World ex-US Small-Cap ETF 24,708 2,847,597
Vanguard FTSE Developed Markets ETF 254,465 12,995,528
Vanguard FTSE Emerging Markets ETF 336,268 15,041,268
Vanguard Health Care ETF 6,792 1,846,405
Vanguard Information Technology ETF 2,215 1,325,633
Vanguard S&P 500 ETF 123,001 67,199,136
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost
$143,833,184) 		$179,727,219
COMMON STOCKS - 0.0%
Consumer staples - 0.0%
China Huishan Dairy Holdings Company, Ltd. (C)(D) 4,869 0
ICA Gruppen AB (C)(D) 209 0
2055 LIFETIME BLEND PORTFOLIO (continued)
Shares or
Principal
Amount 		Value
Health care - 0.0%
NMC Health PLC (C)(D) 153 $0
Real estate - 0.0%
Dalian Wanda Commercial Properties Company, Ltd., H Shares (C)(D)(E) 3,894 11,831
Utilities - 0.0%
China Common Rich Renewable Energy Investments, Ltd. (C)(D) 19,720 545
TOTAL COMMON STOCKS (Cost
$4,914) 		$12,376
U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 1.1%
U.S. Government - 1.1%
U.S. Treasury STRIPS, PO, 4.427%, 02/15/2054 $4,196,700 1,175,022
U.S. Treasury STRIPS, PO, 4.483%, 11/15/2052 4,503,700 1,312,422
U.S. Treasury STRIPS, PO, 4.572%, 05/15/2050 2,296,900 732,181
U.S. Treasury STRIPS, PO, 4.577%, 08/15/2051 5,713,600 1,718,364
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost
$5,324,024) 		$4,937,989
SHORT-TERM INVESTMENTS - 0.0%
Short-term funds - 0.0%
John Hancock Collateral Trust, 4.3522% (F)(G) 160 1,603
TOTAL SHORT-TERM INVESTMENTS (Cost $1,602) $1,603
Total investments (Cost $395,377,078) - 100.0% $470,336,125
Other assets and liabilities, net - 0.0% 51,050
TOTAL NET ASSETS - 100.0% $470,387,175
2050 LIFETIME BLEND PORTFOLIO
As of 2-28-25 (unaudited)
Shares or
Principal
Amount 		Value
AFFILIATED INVESTMENT COMPANIES (A) - 60.7%
Equity - 57.3%
International Strategic Equity Allocation, Class NAV, JHF II (MIM US) (B) 13,334,771 $136,414,706
U.S. Sector Rotation, Class NAV, JHF II (MIM US) (B) 17,045,449 209,999,926
Fixed income - 3.4%
Bond, Class NAV, JHSB (MIM US) (B) 1,068,564 14,553,843
Emerging Markets Debt, Class NAV, JHF II (MIM US) (B) 455,337 3,597,161
High Yield, Class NAV, JHBT (MIM US) (B) 884,822 2,716,404
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost
$315,896,086) 		$367,282,040
UNAFFILIATED INVESTMENT COMPANIES - 38.2%
Equity - 38.2%
Fidelity Mid Cap Index Fund 2,128,791 72,804,664
Fidelity Small Cap Index Fund 957,337 25,742,799
Financial Select Sector SPDR Fund 41,206 2,150,129
Vanguard FTSE All World ex-US Small-Cap ETF 31,958 3,683,160
Vanguard FTSE Developed Markets ETF 325,676 16,632,273
Vanguard FTSE Emerging Markets ETF 430,738 19,266,911
3 JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | SEE NOTES TO FINANCIAL STATEMENTS
Table of Contents
2050 LIFETIME BLEND PORTFOLIO (continued)
Shares or
Principal
Amount 		Value
Equity - (continued)
Vanguard Health Care ETF 8,785 $2,388,202
Vanguard Information Technology ETF 2,833 1,695,494
Vanguard S&P 500 ETF 158,321 86,495,512
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost
$183,655,009) 		$230,859,144
COMMON STOCKS - 0.0%
Consumer staples - 0.0%
China Huishan Dairy Holdings Company, Ltd. (C)(D) 6,675 0
ICA Gruppen AB (C)(D) 287 0
Health care - 0.0%
NMC Health PLC (C)(D) 209 0
Real estate - 0.0%
Dalian Wanda Commercial Properties Company, Ltd., H Shares (C)(D)(E) 5,335 16,206
Utilities - 0.0%
China Common Rich Renewable Energy Investments, Ltd. (C)(D) 27,032 747
TOTAL COMMON STOCKS (Cost
$6,739) 		$16,953
U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 1.1%
U.S. Government - 1.1%
U.S. Treasury STRIPS, PO, 4.427%, 02/15/2054 $5,417,800 1,516,915
U.S. Treasury STRIPS, PO, 4.483%, 11/15/2052 5,795,700 1,688,923
U.S. Treasury STRIPS, PO, 4.572%, 05/15/2050 2,943,600 938,329
U.S. Treasury STRIPS, PO, 4.577%, 08/15/2051 7,348,300 2,210,000
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost
$6,855,063) 		$6,354,167
SHORT-TERM INVESTMENTS - 0.0%
Short-term funds - 0.0%
John Hancock Collateral Trust, 4.3522% (F)(G) 377 3,767
TOTAL SHORT-TERM INVESTMENTS (Cost $3,765) $3,767
Total investments (Cost $506,416,662) - 100.0% $604,516,071
Other assets and liabilities, net - 0.0% 174,760
TOTAL NET ASSETS - 100.0% $604,690,831
2045 LIFETIME BLEND PORTFOLIO
As of 2-28-25 (unaudited)
Shares or
Principal
Amount 		Value
AFFILIATED INVESTMENT COMPANIES (A) - 58.9%
Equity - 53.9%
International Strategic Equity Allocation, Class NAV, JHF II (MIM US) (B) 14,898,599 $152,412,666
U.S. Sector Rotation, Class NAV, JHF II (MIM US) (B) 19,170,142 236,176,149
Fixed income - 5.0%
Bond, Class NAV, JHSB (MIM US) (B) 1,561,678 21,270,057
Emerging Markets Debt, Class NAV, JHF II (MIM US) (B) 1,080,116 8,532,917
2045 LIFETIME BLEND PORTFOLIO (continued)
Shares or
Principal
Amount 		Value
Fixed income - (continued)
High Yield, Class NAV, JHBT (MIM US) (B) 2,098,863 $6,443,511
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost
$366,532,162) 		$424,835,300
UNAFFILIATED INVESTMENT COMPANIES - 39.3%
Equity - 36.4%
Fidelity Mid Cap Index Fund 2,272,964 77,735,371
Fidelity Small Cap Index Fund 1,038,781 27,932,823
Financial Select Sector SPDR Fund 49,389 2,577,118
iShares Global Infrastructure ETF 14,574 779,272
iShares MSCI Global Min Vol Factor ETF 32,119 3,694,649
Vanguard Dividend Appreciation ETF 17,894 3,634,808
Vanguard Energy ETF 23,633 2,991,938
Vanguard FTSE All World ex-US Small-Cap ETF 38,942 4,488,066
Vanguard FTSE Developed Markets ETF 439,951 22,468,298
Vanguard FTSE Emerging Markets ETF 404,834 18,108,225
Vanguard Global ex-U.S. Real Estate ETF 19,415 782,813
Vanguard Health Care ETF 10,397 2,826,424
Vanguard Information Technology ETF 3,479 2,082,112
Vanguard Materials ETF 7,897 1,551,997
Vanguard Real Estate ETF 25,826 2,425,061
Vanguard S&P 500 ETF 162,122 88,572,112
Fixed income - 2.9%
Vanguard Total Bond Market ETF 288,671 21,263,506
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost
$230,249,446) 		$283,914,593
COMMON STOCKS - 0.0%
Consumer staples - 0.0%
China Huishan Dairy Holdings Company, Ltd. (C)(D) 8,519 0
ICA Gruppen AB (C)(D) 366 0
Health care - 0.0%
NMC Health PLC (C)(D) 267 0
Real estate - 0.0%
Dalian Wanda Commercial Properties Company, Ltd., H Shares (C)(D)(E) 6,811 20,690
Utilities - 0.0%
China Common Rich Renewable Energy Investments, Ltd. (C)(D) 34,500 954
TOTAL COMMON STOCKS (Cost
$8,601) 		$21,644
U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 1.8%
U.S. Government - 1.8%
U.S. Treasury STRIPS, PO, 4.427%, 02/15/2054 $10,875,100 3,044,889
U.S. Treasury STRIPS, PO, 4.483%, 11/15/2052 11,871,400 3,459,441
U.S. Treasury STRIPS, PO, 4.572%, 05/15/2050 6,191,400 1,973,627
U.S. Treasury STRIPS, PO, 4.577%, 08/15/2051 15,075,700 4,534,014
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost
$14,676,029) 		$13,011,971
SEE NOTES TO FINANCIAL STATEMENTS | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS 4
Table of Contents
2045 LIFETIME BLEND PORTFOLIO (continued)
Shares or
Principal
Amount 		Value
SHORT-TERM INVESTMENTS - 0.0%
Short-term funds - 0.0%
John Hancock Collateral Trust, 4.3522% (F)(G) 209 $2,087
TOTAL SHORT-TERM INVESTMENTS (Cost $2,086) $2,087
Total investments (Cost $611,468,324) - 100.0% $721,785,595
Other assets and liabilities, net - 0.0% 92,578
TOTAL NET ASSETS - 100.0% $721,878,173
2040 LIFETIME BLEND PORTFOLIO
As of 2-28-25 (unaudited)
Shares or
Principal
Amount 		Value
AFFILIATED INVESTMENT COMPANIES (A) - 57.0%
Equity - 47.5%
International Strategic Equity Allocation, Class NAV, JHF II (MIM US) (B) 15,305,232 $156,572,528
U.S. Sector Rotation, Class NAV, JHF II (MIM US) (B) 19,249,629 237,155,431
Fixed income - 9.5%
Bond, Class NAV, JHSB (MIM US) (B) 3,567,699 48,592,056
Emerging Markets Debt, Class NAV, JHF II (MIM US) (B) 2,137,006 16,882,345
High Yield, Class NAV, JHBT (MIM US) (B) 4,144,552 12,723,776
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost
$412,628,823) 		$471,926,136
UNAFFILIATED INVESTMENT COMPANIES - 40.6%
Equity - 34.8%
Fidelity Mid Cap Index Fund 2,209,678 75,570,975
Fidelity Small Cap Index Fund 997,871 26,832,748
Financial Select Sector SPDR Fund 57,706 3,011,099
iShares Global Infrastructure ETF 34,477 1,843,485
iShares MSCI Global Min Vol Factor ETF 95,898 11,031,147
Vanguard Dividend Appreciation ETF 35,618 7,235,084
Vanguard Energy ETF (H) 55,297 7,000,600
Vanguard FTSE All World ex-US Small-Cap ETF 43,950 5,065,238
Vanguard FTSE Developed Markets ETF 572,513 29,238,239
Vanguard FTSE Emerging Markets ETF 337,087 15,077,902
Vanguard Global ex-U.S. Real Estate ETF 46,090 1,858,349
Vanguard Health Care ETF 12,436 3,380,727
Vanguard Information Technology ETF 4,065 2,432,821
Vanguard Materials ETF (H) 18,902 3,714,810
Vanguard Real Estate ETF 61,119 5,739,074
Vanguard S&P 500 ETF 163,137 89,126,637
Fixed income - 5.8%
Vanguard Total Bond Market ETF 659,747 48,596,964
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost
$278,214,012) 		$336,755,899
COMMON STOCKS - 0.0%
Consumer staples - 0.0%
China Huishan Dairy Holdings Company, Ltd. (C)(D) 8,209 0
2040 LIFETIME BLEND PORTFOLIO (continued)
Shares or
Principal
Amount 		Value
Consumer staples - (continued)
ICA Gruppen AB (C)(D) 353 $0
Health care - 0.0%
NMC Health PLC (C)(D) 258 0
Real estate - 0.0%
Dalian Wanda Commercial Properties Company, Ltd., H Shares (C)(D)(E) 6,565 19,942
Utilities - 0.0%
China Common Rich Renewable Energy Investments, Ltd. (C)(D) 33,245 919
TOTAL COMMON STOCKS (Cost
$8,287) 		$20,861
U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 2.4%
U.S. Government - 2.4%
U.S. Treasury STRIPS, PO, 4.427%, 02/15/2054 $16,316,200 4,568,327
U.S. Treasury STRIPS, PO, 4.483%, 11/15/2052 17,842,400 5,199,448
U.S. Treasury STRIPS, PO, 4.572%, 05/15/2050 9,183,600 2,927,449
U.S. Treasury STRIPS, PO, 4.577%, 08/15/2051 22,659,600 6,814,870
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost
$22,441,662) 		$19,510,094
SHORT-TERM INVESTMENTS - 0.5%
Short-term funds - 0.5%
John Hancock Collateral Trust, 4.3522% (F)(I) 455,402 4,555,700
TOTAL SHORT-TERM INVESTMENTS (Cost $4,555,324) $4,555,700
Total investments (Cost $717,848,108) - 100.5% $832,768,690
Other assets and liabilities, net - (0.5%) (4,213,589)
TOTAL NET ASSETS - 100.0% $828,555,101
2035 LIFETIME BLEND PORTFOLIO
As of 2-28-25 (unaudited)
Shares or
Principal
Amount 		Value
AFFILIATED INVESTMENT COMPANIES (A) - 57.0%
Equity - 42.3%
International Strategic Equity Allocation, Class NAV, JHF II (MIM US) (B) 15,283,201 $156,347,143
U.S. Sector Rotation, Class NAV, JHF II (MIM US) (B) 19,839,198 244,418,915
Fixed income - 14.7%
Bond, Class NAV, JHSB (MIM US) (B) 6,510,481 88,672,749
Emerging Markets Debt, Class NAV, JHF II (MIM US) (B) 3,645,257 28,797,532
High Yield, Class NAV, JHBT (MIM US) (B) 7,069,686 21,703,937
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost
$477,869,900) 		$539,940,276
UNAFFILIATED INVESTMENT COMPANIES - 40.0%
Equity - 30.6%
Fidelity Mid Cap Index Fund 2,067,503 70,708,601
Fidelity Small Cap Index Fund 937,446 25,207,916
Financial Select Sector SPDR Fund 57,568 3,003,898
iShares Global Infrastructure ETF 59,176 3,164,141
5 JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | SEE NOTES TO FINANCIAL STATEMENTS
Table of Contents
2035 LIFETIME BLEND PORTFOLIO (continued)
Shares or
Principal
Amount 		Value
Equity - (continued)
iShares MSCI Global Min Vol Factor ETF 171,315 $19,706,364
Vanguard Dividend Appreciation ETF 63,529 12,904,646
Vanguard Energy ETF (H) 95,171 12,048,649
Vanguard FTSE All World ex-US Small-Cap ETF 44,600 5,140,150
Vanguard FTSE Developed Markets ETF 645,943 32,988,309
Vanguard FTSE Emerging Markets ETF (H) 241,215 10,789,547
Vanguard Global ex-U.S. Real Estate ETF 79,050 3,187,296
Vanguard Health Care ETF 12,131 3,297,812
Vanguard Information Technology ETF 4,112 2,460,950
Vanguard Materials ETF (H) 32,190 6,326,301
Vanguard Real Estate ETF 104,890 9,849,170
Vanguard S&P 500 ETF 127,515 69,665,270
Fixed income - 9.4%
Vanguard Total Bond Market ETF 1,203,939 88,682,146
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost
$320,834,550) 		$379,131,166
COMMON STOCKS - 0.0%
Consumer staples - 0.0%
China Huishan Dairy Holdings Company, Ltd. (C)(D) 8,783 0
ICA Gruppen AB (C)(D) 377 0
Health care - 0.0%
NMC Health PLC (C)(D) 276 0
Real estate - 0.0%
Dalian Wanda Commercial Properties Company, Ltd., H Shares (C)(D)(E) 7,026 21,344
Utilities - 0.0%
China Common Rich Renewable Energy Investments, Ltd. (C)(D) 35,571 983
TOTAL COMMON STOCKS (Cost
$8,869) 		$22,327
U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 3.0%
U.S. Government - 3.0%
U.S. Treasury STRIPS, PO, 4.427%, 02/15/2054 $23,734,100 6,645,244
U.S. Treasury STRIPS, PO, 4.483%, 11/15/2052 25,635,300 7,470,375
U.S. Treasury STRIPS, PO, 4.572%, 05/15/2050 12,925,000 4,120,092
U.S. Treasury STRIPS, PO, 4.577%, 08/15/2051 32,555,900 9,791,180
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost
$32,311,164) 		$28,026,891
SHORT-TERM INVESTMENTS - 1.1%
Short-term funds - 1.1%
John Hancock Collateral Trust, 4.3522% (F)(I) 1,050,218 10,506,063
TOTAL SHORT-TERM INVESTMENTS (Cost $10,504,759) $10,506,063
Total investments (Cost $841,529,242) - 101.1% $957,626,723
Other assets and liabilities, net - (1.1%) (10,183,688)
TOTAL NET ASSETS - 100.0% $947,443,035
2030 LIFETIME BLEND PORTFOLIO
As of 2-28-25 (unaudited)
Shares or
Principal
Amount 		Value
AFFILIATED INVESTMENT COMPANIES (A) - 54.3%
Equity - 36.8%
International Strategic Equity Allocation, Class NAV, JHF II (MIM US) (B) 12,653,251 $129,442,757
U.S. Sector Rotation, Class NAV, JHF II (MIM US) (B) 17,556,534 216,296,494
Fixed income - 17.5%
Bond, Class NAV, JHSB (MIM US) (B) 7,160,409 97,524,766
Emerging Markets Debt, Class NAV, JHF II (MIM US) (B) 4,987,376 39,400,270
High Yield, Class NAV, JHBT (MIM US) (B) 8,675,711 26,634,434
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost
$454,684,044) 		$509,298,721
UNAFFILIATED INVESTMENT COMPANIES - 41.0%
Equity - 25.7%
Fidelity Mid Cap Index Fund 1,635,379 55,929,949
Fidelity Small Cap Index Fund 720,884 19,384,580
Financial Select Sector SPDR Fund 52,519 2,740,441
iShares Global Infrastructure ETF 78,195 4,181,087
iShares MSCI Global Min Vol Factor ETF 230,224 26,482,667
Vanguard Dividend Appreciation ETF 85,461 17,359,693
Vanguard Energy ETF 125,641 15,906,151
Vanguard FTSE All World ex-US Small-Cap ETF 40,309 4,645,612
Vanguard FTSE Developed Markets ETF 514,949 26,298,445
Vanguard FTSE Emerging Markets ETF 122,394 5,474,684
Vanguard Global ex-U.S. Real Estate ETF 104,201 4,201,384
Vanguard Health Care ETF 11,118 3,022,428
Vanguard Information Technology ETF 3,760 2,250,285
Vanguard Materials ETF 42,643 8,380,629
Vanguard Real Estate ETF 138,111 12,968,623
Vanguard S&P 500 ETF 59,877 32,712,601
Fixed income - 15.3%
Invesco Senior Loan ETF 518,383 10,865,308
Vanguard Short-Term Corporate Bond ETF 442,425 34,898,484
Vanguard Total Bond Market ETF 1,325,246 97,617,622
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost
$339,346,838) 		$385,320,673
COMMON STOCKS - 0.0%
Consumer staples - 0.0%
China Huishan Dairy Holdings Company, Ltd. (C)(D) 7,871 0
ICA Gruppen AB (C)(D) 338 0
Health care - 0.0%
NMC Health PLC (C)(D) 247 0
Real estate - 0.0%
Dalian Wanda Commercial Properties Company, Ltd., H Shares (C)(D)(E) 6,295 19,121
Utilities - 0.0%
China Common Rich Renewable Energy Investments, Ltd. (C)(D) 31,878 881
TOTAL COMMON STOCKS (Cost
$7,947) 		$20,002
SEE NOTES TO FINANCIAL STATEMENTS | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS 6
Table of Contents
2030 LIFETIME BLEND PORTFOLIO (continued)
Shares or
Principal
Amount 		Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 4.7%
U.S. Government - 4.7%
U.S. Treasury Inflation Protected Security, 0.125%, 04/15/2026 $1,887,099 $1,868,118
U.S. Treasury Inflation Protected Security, 0.125%, 04/15/2027 3,634,909 3,552,117
U.S. Treasury Inflation Protected Security, 1.250%, 04/15/2028 4,531,739 4,516,238
U.S. Treasury Inflation Protected Security, 2.125%, 04/15/2029 6,481,569 6,655,113
U.S. Treasury STRIPS, PO, 4.427%, 02/15/2054 23,502,000 6,580,259
U.S. Treasury STRIPS, PO, 4.483%, 11/15/2052 25,165,800 7,333,558
U.S. Treasury STRIPS, PO, 4.572%, 05/15/2050 12,378,600 3,945,916
U.S. Treasury STRIPS, PO, 4.577%, 08/15/2051 31,961,000 9,612,264
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost
$48,168,619) 		$44,063,583
SHORT-TERM INVESTMENTS - 0.0%
Short-term funds - 0.0%
John Hancock Collateral Trust, 4.3522% (F)(G) 132 1,317
TOTAL SHORT-TERM INVESTMENTS (Cost $1,315) $1,317
Total investments (Cost $842,208,763) - 100.0% $938,704,296
Other assets and liabilities, net - 0.0% 441,759
TOTAL NET ASSETS - 100.0% $939,146,055
2025 LIFETIME BLEND PORTFOLIO
As of 2-28-25 (unaudited)
Shares or
Principal
Amount 		Value
AFFILIATED INVESTMENT COMPANIES (A) - 50.8%
Equity - 28.3%
International Strategic Equity Allocation, Class NAV, JHF II (MIM US) (B) 7,056,257 $72,185,510
U.S. Sector Rotation, Class NAV, JHF II (MIM US) (B) 9,975,966 122,903,904
Fixed income - 22.5%
Bond, Class NAV, JHSB (MIM US) (B) 6,979,755 95,064,260
Emerging Markets Debt, Class NAV, JHF II (MIM US) (B) 4,551,749 35,958,815
High Yield, Class NAV, JHBT (MIM US) (B) 7,917,923 24,308,024
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost
$317,974,634) 		$350,420,513
UNAFFILIATED INVESTMENT COMPANIES - 43.4%
Equity - 22.0%
Fidelity Mid Cap Index Fund 898,149 30,716,690
Fidelity Small Cap Index Fund 397,057 10,676,857
Financial Select Sector SPDR Fund 33,218 1,733,315
iShares Global Infrastructure ETF 73,310 3,919,886
iShares MSCI Global Min Vol Factor ETF 211,843 24,368,300
Vanguard Dividend Appreciation ETF 80,419 16,335,511
Vanguard Energy ETF 117,102 14,825,113
Vanguard FTSE All World ex-US Small-Cap ETF 23,122 2,664,811
Vanguard FTSE Developed Markets ETF 317,180 16,198,383
2025 LIFETIME BLEND PORTFOLIO (continued)
Shares or
Principal
Amount 		Value
Equity - (continued)
Vanguard Global ex-U.S. Real Estate ETF 95,477 $3,849,633
Vanguard Health Care ETF 6,997 1,902,134
Vanguard Information Technology ETF 2,375 1,421,390
Vanguard Materials ETF 39,780 7,817,963
Vanguard Real Estate ETF 126,053 11,836,377
Vanguard S&P 500 ETF 6,434 3,515,087
Fixed income - 21.4%
Invesco Senior Loan ETF 642,975 13,476,756
Vanguard Short-Term Corporate Bond ETF 491,322 38,755,479
Vanguard Total Bond Market ETF 1,290,512 95,059,114
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost
$270,638,795) 		$299,072,799
COMMON STOCKS - 0.0%
Consumer staples - 0.0%
China Huishan Dairy Holdings Company, Ltd. (C)(D) 5,304 0
ICA Gruppen AB (C)(D) 228 0
Health care - 0.0%
NMC Health PLC (C)(D) 166 0
Real estate - 0.0%
Dalian Wanda Commercial Properties Company, Ltd., H Shares (C)(D)(E) 4,242 12,887
Utilities - 0.0%
China Common Rich Renewable Energy Investments, Ltd. (C)(D) 21,481 594
TOTAL COMMON STOCKS (Cost
$5,355) 		$13,481
U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 5.8%
U.S. Government - 5.8%
U.S. Treasury Inflation Protected Security, 0.125%, 04/15/2026 $2,621,913 2,595,542
U.S. Treasury Inflation Protected Security, 0.125%, 04/15/2027 5,087,017 4,971,151
U.S. Treasury Inflation Protected Security, 1.250%, 04/15/2028 6,341,910 6,320,217
U.S. Treasury Inflation Protected Security, 2.125%, 04/15/2029 9,006,834 9,247,991
U.S. Treasury STRIPS, PO, 4.427%, 02/15/2054 14,231,900 3,984,750
U.S. Treasury STRIPS, PO, 4.483%, 11/15/2052 15,127,700 4,408,359
U.S. Treasury STRIPS, PO, 4.572%, 05/15/2050 7,120,600 2,269,828
U.S. Treasury STRIPS, PO, 4.577%, 08/15/2051 19,212,200 5,778,065
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost
$41,809,618) 		$39,575,903
SHORT-TERM INVESTMENTS - 0.0%
Short-term funds - 0.0%
John Hancock Collateral Trust, 4.3522% (F)(G) 330 3,299
TOTAL SHORT-TERM INVESTMENTS (Cost $3,297) $3,299
Total investments (Cost $630,431,699) - 100.0% $689,085,995
Other assets and liabilities, net - 0.0% 177,419
TOTAL NET ASSETS - 100.0% $689,263,414
7 JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | SEE NOTES TO FINANCIAL STATEMENTS
Table of Contents
2020 LIFETIME BLEND PORTFOLIO
As of 2-28-25 (unaudited)
Shares or
Principal
Amount 		Value
AFFILIATED INVESTMENT COMPANIES (A) - 46.3%
Equity - 22.3%
International Strategic Equity Allocation, Class NAV, JHF II (MIM US) (B) 2,050,473 $20,976,339
U.S. Sector Rotation, Class NAV, JHF II (MIM US) (B) 3,836,839 47,269,858
Fixed income - 24.0%
Bond, Class NAV, JHSB (MIM US) (B) 3,325,998 45,300,088
Emerging Markets Debt, Class NAV, JHF II (MIM US) (B) 2,129,281 16,821,322
High Yield, Class NAV, JHBT (MIM US) (B) 3,718,009 11,414,288
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost
$129,955,892) 		$141,781,895
UNAFFILIATED INVESTMENT COMPANIES - 46.8%
Equity - 21.7%
Fidelity Mid Cap Index Fund 294,627 10,076,252
Fidelity Small Cap Index Fund 128,735 3,461,695
Financial Select Sector SPDR Fund 14,028 731,981
iShares Global Infrastructure ETF 32,098 1,716,280
iShares MSCI Global Min Vol Factor ETF 96,234 11,069,797
Vanguard Dividend Appreciation ETF 36,222 7,357,775
Vanguard Energy ETF 51,976 6,580,162
Vanguard FTSE All World ex-US Small-Cap ETF 7,589 874,632
Vanguard FTSE Developed Markets ETF 216,639 11,063,754
Vanguard Global ex-U.S. Real Estate ETF 42,105 1,697,674
Vanguard Health Care ETF 2,917 792,986
Vanguard Information Technology ETF 1,005 601,472
Vanguard Materials ETF 17,490 3,437,310
Vanguard Real Estate ETF 55,580 5,218,962
Vanguard S&P 500 ETF 2,925 1,598,015
Fixed income - 25.1%
Invesco Senior Loan ETF 401,798 8,421,686
Vanguard Short-Term Corporate Bond ETF 292,891 23,103,242
Vanguard Total Bond Market ETF 615,286 45,321,967
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost
$131,787,461) 		$143,125,642
COMMON STOCKS - 0.0%
Consumer staples - 0.0%
China Huishan Dairy Holdings Company, Ltd. (C)(D) 1,639 0
ICA Gruppen AB (C)(D) 70 0
Health care - 0.0%
NMC Health PLC (C)(D) 51 0
Real estate - 0.0%
Dalian Wanda Commercial Properties Company, Ltd., H Shares (C)(D)(E) 1,309 3,975
Utilities - 0.0%
China Common Rich Renewable Energy Investments, Ltd. (C)(D) 6,637 183
TOTAL COMMON STOCKS (Cost
$1,655) 		$4,158
2020 LIFETIME BLEND PORTFOLIO (continued)
Shares or
Principal
Amount 		Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 6.9%
U.S. Government - 6.9%
U.S. Treasury Inflation Protected Security, 0.125%, 04/15/2026 $1,734,022 $1,716,582
U.S. Treasury Inflation Protected Security, 0.125%, 04/15/2027 3,458,970 3,380,186
U.S. Treasury Inflation Protected Security, 1.250%, 04/15/2028 4,312,570 4,297,819
U.S. Treasury Inflation Protected Security, 2.125%, 04/15/2029 5,956,395 6,115,877
U.S. Treasury STRIPS, PO, 4.427%, 02/15/2054 5,016,800 1,404,640
U.S. Treasury STRIPS, PO, 4.483%, 11/15/2052 5,124,700 1,493,387
U.S. Treasury STRIPS, PO, 4.572%, 05/15/2050 2,302,200 733,870
U.S. Treasury STRIPS, PO, 4.577%, 08/15/2051 6,508,000 1,957,280
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost
$21,638,634) 		$21,099,641
SHORT-TERM INVESTMENTS - 0.0%
Short-term funds - 0.0%
John Hancock Collateral Trust, 4.3522% (F)(G) 1,536 15,368
TOTAL SHORT-TERM INVESTMENTS (Cost $15,366) $15,368
Total investments (Cost $283,399,008) - 100.0% $306,026,704
Other assets and liabilities, net - 0.0% 90,378
TOTAL NET ASSETS - 100.0% $306,117,082
2015 LIFETIME BLEND PORTFOLIO
As of 2-28-25 (unaudited)
Shares or
Principal
Amount 		Value
AFFILIATED INVESTMENT COMPANIES (A) - 43.9%
Equity - 17.8%
International Strategic Equity Allocation, Class NAV, JHF II (MIM US) (B) 489,131 $5,003,808
U.S. Sector Rotation, Class NAV, JHF II (MIM US) (B) 969,323 11,942,053
Fixed income - 26.1%
Bond, Class NAV, JHSB (MIM US) (B) 1,129,811 15,388,026
Emerging Markets Debt, Class NAV, JHF II (MIM US) (B) 712,447 5,628,331
High Yield, Class NAV, JHBT (MIM US) (B) 1,241,440 3,811,221
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost
$38,286,377) 		$41,773,439
UNAFFILIATED INVESTMENT COMPANIES - 48.4%
Equity - 19.2%
Fidelity Mid Cap Index Fund 59,192 2,024,361
Fidelity Small Cap Index Fund 27,812 747,873
iShares Global Infrastructure ETF 9,875 528,016
iShares MSCI Global Min Vol Factor ETF 29,980 3,448,599
Vanguard Dividend Appreciation ETF 11,197 2,274,447
Vanguard Energy ETF 15,675 1,984,455
Vanguard FTSE All World ex-US Small-Cap ETF 1,983 228,541
Vanguard FTSE Developed Markets ETF 66,196 3,380,630
Vanguard Global ex-U.S. Real Estate ETF 13,121 529,039
SEE NOTES TO FINANCIAL STATEMENTS | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS 8
Table of Contents
2015 LIFETIME BLEND PORTFOLIO (continued)
Shares or
Principal
Amount 		Value
Equity - (continued)
Vanguard Materials ETF 5,387 $1,058,707
Vanguard Real Estate ETF 17,360 1,630,104
Vanguard S&P 500 ETF 850 464,381
Fixed income - 29.2%
Invesco Senior Loan ETF 161,795 3,391,223
Vanguard Short-Term Corporate Bond ETF 114,565 9,036,887
Vanguard Total Bond Market ETF 208,842 15,383,302
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost
$42,981,617) 		$46,110,565
COMMON STOCKS - 0.0%
Consumer staples - 0.0%
China Huishan Dairy Holdings Company, Ltd. (C)(D) 424 0
ICA Gruppen AB (C)(D) 18 0
Health care - 0.0%
NMC Health PLC (C)(D) 13 0
Real estate - 0.0%
Dalian Wanda Commercial Properties Company, Ltd., H Shares (C)(D)(E) 336 1,022
Utilities - 0.0%
China Common Rich Renewable Energy Investments, Ltd. (C)(D) 1,716 47
TOTAL COMMON STOCKS (Cost
$427) 		$1,069
U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 7.7%
U.S. Government - 7.7%
U.S. Treasury Inflation Protected Security, 0.125%, 04/15/2026 $704,849 697,760
U.S. Treasury Inflation Protected Security, 0.125%, 04/15/2027 1,378,558 1,347,159
U.S. Treasury Inflation Protected Security, 1.250%, 04/15/2028 1,718,736 1,712,857
U.S. Treasury Inflation Protected Security, 2.125%, 04/15/2029 2,420,780 2,485,597
U.S. Treasury STRIPS, PO, 4.427%, 02/15/2054 962,200 269,404
U.S. Treasury STRIPS, PO, 4.483%, 11/15/2052 1,013,800 295,431
U.S. Treasury STRIPS, PO, 4.572%, 05/15/2050 463,500 147,750
U.S. Treasury STRIPS, PO, 4.577%, 08/15/2051 1,288,100 387,396
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost
$7,380,649) 		$7,343,354
SHORT-TERM INVESTMENTS - 0.0%
Short-term funds - 0.0%
John Hancock Collateral Trust, 4.3522% (F)(G) 229 2,291
TOTAL SHORT-TERM INVESTMENTS (Cost $2,288) $2,291
Total investments (Cost $88,651,358) - 100.0% $95,230,718
Other assets and liabilities, net - 0.0% 17,577
TOTAL NET ASSETS - 100.0% $95,248,295
2010 LIFETIME BLEND PORTFOLIO
As of 2-28-25 (unaudited)
Shares or
Principal
Amount 		Value
AFFILIATED INVESTMENT COMPANIES (A) - 40.9%
Equity - 13.8%
International Strategic Equity Allocation, Class NAV, JHF II (MIM US) (B) 279,966 $2,864,051
U.S. Sector Rotation, Class NAV, JHF II (MIM US) (B) 575,477 7,089,873
Fixed income - 27.1%
Bond, Class NAV, JHSB (MIM US) (B) 890,758 12,132,121
Emerging Markets Debt, Class NAV, JHF II (MIM US) (B) 561,347 4,434,639
High Yield, Class NAV, JHBT (MIM US) (B) 981,860 3,014,310
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost
$27,692,059) 		$29,534,994
UNAFFILIATED INVESTMENT COMPANIES - 50.3%
Equity - 17.3%
Fidelity Mid Cap Index Fund 22,153 757,620
Fidelity Small Cap Index Fund 13,377 359,710
iShares Global Infrastructure ETF 7,646 408,832
iShares MSCI Global Min Vol Factor ETF 22,617 2,601,634
Vanguard Dividend Appreciation ETF 8,603 1,747,527
Vanguard Energy ETF 12,244 1,550,090
Vanguard FTSE All World ex-US Small-Cap ETF 1,469 169,302
Vanguard FTSE Developed Markets ETF 41,194 2,103,778
Vanguard Global ex-U.S. Real Estate ETF 9,959 401,547
Vanguard Materials ETF 4,149 815,403
Vanguard Real Estate ETF 13,078 1,228,024
Vanguard S&P 500 ETF 667 364,402
Fixed income - 33.0%
Invesco Senior Loan ETF 150,230 3,148,821
Vanguard Short-Term Corporate Bond ETF 107,474 8,477,549
Vanguard Total Bond Market ETF 164,895 12,146,167
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost
$34,269,385) 		$36,280,406
COMMON STOCKS - 0.0%
Consumer staples - 0.0%
China Huishan Dairy Holdings Company, Ltd. (C)(D) 225 0
ICA Gruppen AB (C)(D) 10 0
Health care - 0.0%
NMC Health PLC (C)(D) 7 0
Real estate - 0.0%
Dalian Wanda Commercial Properties Company, Ltd., H Shares (C)(D)(E) 180 547
Utilities - 0.0%
China Common Rich Renewable Energy Investments, Ltd. (C)(D) 911 25
TOTAL COMMON STOCKS (Cost
$227) 		$572
U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 8.8%
U.S. Government - 8.8%
U.S. Treasury Inflation Protected Security, 0.125%, 04/15/2026 $664,895 658,208
9 JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | SEE NOTES TO FINANCIAL STATEMENTS
Table of Contents
2010 LIFETIME BLEND PORTFOLIO (continued)
Shares or
Principal
Amount 		Value
U.S. Government - (continued)
U.S. Treasury Inflation Protected Security, 0.125%, 04/15/2027 1,321,663 $1,291,560
U.S. Treasury Inflation Protected Security, 1.250%, 04/15/2028 1,647,714 1,642,078
U.S. Treasury Inflation Protected Security, 2.125%, 04/15/2029 2,283,849 2,344,999
U.S. Treasury STRIPS, PO, 4.427%, 02/15/2054 370,300 103,679
U.S. Treasury STRIPS, PO, 4.483%, 11/15/2052 366,100 106,685
U.S. Treasury STRIPS, PO, 4.572%, 05/15/2050 157,000 50,047
U.S. Treasury STRIPS, PO, 4.577%, 08/15/2051 465,000 139,849
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost
$6,267,522) 		$6,337,105
SHORT-TERM INVESTMENTS - 0.0%
Short-term funds - 0.0%
John Hancock Collateral Trust, 4.3522% (F)(G) 4,476 44,773
TOTAL SHORT-TERM INVESTMENTS (Cost $44,771) $44,773
Total investments (Cost $68,273,964) - 100.0% $72,197,850
Other assets and liabilities, net - (0.0%) (20,306)
TOTAL NET ASSETS - 100.0% $72,177,544
Percentages are based upon net assets.
Security Abbreviations and Legend
JHBT John Hancock Bond Trust
JHF II John Hancock Funds II
JHSB John Hancock Sovereign Bond Fund
MIM US Manulife Investment Management (US) LLC
PO Principal-Only Security - (Principal Tranche of Stripped Security). Rate shown is the annualized yield on date of purchase.
STRIPS Separate Trading of Registered Interest and Principal Securities
(A) The underlying funds' subadvisor is shown parenthetically.
(B) The subadvisor is an affiliate of the advisor.
(C) Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. Refer to Note 2 to the financial statements.
(D) Non-income producing.
(E) 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.
(F) The rate shown is the annualized seven-day yield as of 2-28-25.
(G) Investment is an affiliate of the fund, the advisor and/or subadvisor.
(H) All or a portion of this security is on loan as of 2-28-25.
(I) Investment is an affiliate of the fund, the advisor and/or subadvisor. A portion of this security represents the investment of cash collateral received for securities lending.
SEE NOTES TO FINANCIAL STATEMENTS | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS 10
Table of Contents
Financial statements
STATEMENTS OF ASSETS AND LIABILITIES 2-28-25 (unaudited)
2065 Lifetime Blend Portfolio 2060 Lifetime Blend Portfolio 2055 Lifetime Blend Portfolio 2050 Lifetime Blend Portfolio
Assets
Unaffiliated investments, at value (including securites loaned) $37,341,981 $108,544,452 $184,677,584 $237,230,264
Affiliated investments, at value 57,867,972 166,699,471 285,658,541 367,285,807
Total investments, at value 95,209,953 275,243,923 470,336,125 604,516,071
Dividends and interest receivable 16,419 58,062 105,875 140,209
Receivable for fund shares sold 86,814 563,773 347,086 523,746
Receivable for investments sold 835,578 1,573,320 1,970,867 2,482,875
Receivable for securities lending income - - 205 -
Receivable from affiliates 5,346 7,088 9,379 10,905
Other assets 24,997 42,318 49,511 48,603
Total assets 96,179,107 277,488,484 472,819,048 607,722,409
Liabilities
Due to custodian 163,310 529,137 869,972 1,104,546
Payable for investments purchased 226,751 660,323 1,129,628 1,517,337
Payable for fund shares repurchased 600,174 998,350 366,162 335,039
Payable to affiliates
Accounting and legal services fees 3,295 9,609 16,493 21,204
Transfer agent fees 974 5,000 9,869 13,510
Distribution and service fees - 101 115 146
Trustees' fees 25 88 158 208
Other liabilities and accrued expenses 35,948 38,680 39,476 39,588
Total liabilities 1,030,477 2,241,288 2,431,873 3,031,578
Net assets $95,148,630 $275,247,196 $470,387,175 $604,690,831
Net assets consist of
Paid-in capital $84,189,426 $233,157,893 $396,426,996 $510,589,216
Total distributable earnings (loss) 10,959,204 42,089,303 73,960,179 94,101,615
Net assets $95,148,630 $275,247,196 $470,387,175 $604,690,831
Unaffiliated investments, at cost $33,066,303 $88,968,293 $149,162,122 $190,516,811
Affiliated investments, at cost 51,920,128 144,109,663 246,214,956 315,899,851
Total investments, at cost 84,986,431 233,077,956 395,377,078 506,416,662
Net asset value per share
The portfolios have an unlimited number of shares authorized with no par value. Net asset value is calculated by dividing the net assets of each class of shares by the number of outstanding shares in the class.
Class A1
Net assets $11,112,955 $57,298,172 $113,266,049 $153,950,870
Shares outstanding 769,416 3,511,788 7,588,731 10,200,166
Net asset value and redemption price per share $14.44 $16.32 $14.93 $15.09
Class R4
Net assets $72,167 $1,339,924 $1,504,839 $1,944,671
Shares outstanding 5,000 82,173 101,092 129,037
Net asset value, offering price and redemption price per share $14.43 $16.31 $14.89 $15.07
Class R6
Net assets $16,410,482 $68,562,564 $107,360,550 $142,946,336
Shares outstanding 1,138,015 4,205,788 7,210,630 9,495,532
Net asset value, offering price and redemption price per share $14.42 $16.30 $14.89 $15.05
Class 1
Net assets $67,553,026 $148,046,536 $248,255,737 $305,848,954
Shares outstanding 4,680,755 9,080,152 16,659,479 20,294,981
Net asset value, offering price and redemption price per share $14.43 $16.30 $14.90 $15.07
Maximum offering price per share
Class A (net asset value per share ÷ 95%)2 $15.20 $17.18 $15.72 $15.88
1 Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.
2 On single retail sales of less than $50,000. On sales of $50,000 or more and on group sales the offering price is reduced.
11 JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | SEMIANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS
Table of Contents
STATEMENTS OF ASSETS AND LIABILITIES 2-28-25 (unaudited)
Continued
2045 Lifetime Blend Portfolio 2040 Lifetime Blend Portfolio 2035 Lifetime Blend Portfolio 2030 Lifetime Blend Portfolio
Assets
Unaffiliated investments, at value (including securites loaned) $296,948,208 $356,286,854 $407,180,384 $429,404,258
Affiliated investments, at value 424,837,387 476,481,836 550,446,339 509,300,038
Total investments, at value 721,785,595 832,768,690 957,626,723 938,704,296
Dividends and interest receivable 222,571 391,449 646,702 827,052
Receivable for fund shares sold 916,044 1,056,006 917,741 963,716
Receivable for investments sold 2,907,529 3,380,704 3,456,447 3,175,641
Receivable for securities lending income 85 618 1,185 446
Receivable from affiliates 12,145 13,333 14,816 15,073
Other assets 54,559 55,802 59,066 61,745
Total assets 725,898,528 837,666,602 962,722,680 943,747,969
Liabilities
Due to custodian 1,816,143 1,549,503 1,683,810 1,751,834
Payable for investments purchased 1,272,902 2,731,176 2,825,187 2,299,987
Payable for fund shares repurchased 849,328 198,723 175,089 454,251
Payable upon return of securities loaned - 4,545,950 10,502,125 -
Payable to affiliates
Accounting and legal services fees 25,321 28,900 33,030 32,722
Transfer agent fees 16,354 16,861 20,147 22,593
Distribution and service fees 287 72 334 148
Trustees' fees 245 288 333 329
Other liabilities and accrued expenses 39,775 40,028 39,590 40,050
Total liabilities 4,020,355 9,111,501 15,279,645 4,601,914
Net assets $721,878,173 $828,555,101 $947,443,035 $939,146,055
Net assets consist of
Paid-in capital $614,842,896 $722,015,285 $846,584,397 $865,982,816
Total distributable earnings (loss) 107,035,277 106,539,816 100,858,638 73,163,239
Net assets $721,878,173 $828,555,101 $947,443,035 $939,146,055
Unaffiliated investments, at cost $244,934,076 $300,663,961 $353,154,583 $387,523,404
Affiliated investments, at cost 366,534,248 417,184,147 488,374,659 454,685,359
Total investments, at cost 611,468,324 717,848,108 841,529,242 842,208,763
Securities loaned, at value - $4,453,263 $10,288,250 -
Net asset value per share
The portfolios have an unlimited number of shares authorized with no par value. Net asset value is calculated by dividing the net assets of each class of shares by the number of outstanding shares in the class.
Class A1
Net assets $187,193,399 $193,501,329 $233,856,058 $264,692,720
Shares outstanding 12,809,524 13,737,511 17,565,023 21,168,032
Net asset value and redemption price per share $14.61 $14.09 $13.31 $12.50
Class R4
Net assets $3,775,997 $941,584 $4,371,619 $5,809,590
Shares outstanding 259,263 66,905 328,573 465,167
Net asset value, offering price and redemption price per share $14.56 $14.07 $13.30 $12.49
Class R6
Net assets $158,536,736 $205,246,440 $220,476,861 $238,725,758
Shares outstanding 10,855,848 14,588,283 16,580,426 19,106,438
Net asset value, offering price and redemption price per share $14.60 $14.07 $13.30 $12.49
Class 1
Net assets $372,372,041 $428,865,748 $488,738,497 $429,917,987
Shares outstanding 25,513,696 30,487,884 36,738,014 34,428,887
Net asset value, offering price and redemption price per share $14.59 $14.07 $13.30 $12.49
Maximum offering price per share
Class A (net asset value per share ÷ 95%)2 $15.38 $14.83 $14.01 $13.16
1 Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.
2 On single retail sales of less than $50,000. On sales of $50,000 or more and on group sales the offering price is reduced.
SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS 12
Table of Contents
STATEMENTS OF ASSETS AND LIABILITIES 2-28-25 (unaudited)
Continued
2025 Lifetime Blend Portfolio 2020 Lifetime Blend Portfolio 2015 Lifetime Blend Portfolio 2010 Lifetime Blend Portfolio
Assets
Unaffiliated investments, at value (including securites loaned) $338,662,183 $164,229,441 $53,454,988 $42,618,083
Affiliated investments, at value 350,423,812 141,797,263 41,775,730 29,579,767
Total investments, at value 689,085,995 306,026,704 95,230,718 72,197,850
Dividends and interest receivable 797,567 393,418 134,865 110,411
Receivable for fund shares sold 772,377 432,108 19,382 6,678
Receivable for investments sold 1,930,383 795,920 57,439 64,617
Receivable for securities lending income 231 145 88 -
Receivable from affiliates 12,225 8,076 5,445 5,127
Other assets 53,877 41,794 31,236 32,007
Total assets 692,652,655 307,698,165 95,479,173 72,416,690
Liabilities
Due to custodian 863,195 569,843 9,390 3,662
Payable for investments purchased 2,258,536 636,457 166,709 160,884
Payable for fund shares repurchased 179,659 312,115 9,273 31,357
Payable to affiliates
Accounting and legal services fees 23,804 10,731 3,289 2,489
Transfer agent fees 23,953 12,256 3,217 1,785
Distribution and service fees 157 97 8 -
Trustees' fees 259 118 35 25
Other liabilities and accrued expenses 39,678 39,466 38,957 38,944
Total liabilities 3,389,241 1,581,083 230,878 239,146
Net assets $689,263,414 $306,117,082 $95,248,295 $72,177,544
Net assets consist of
Paid-in capital $656,211,851 $297,603,608 $93,226,473 $71,621,288
Total distributable earnings (loss) 33,051,563 8,513,474 2,021,822 556,256
Net assets $689,263,414 $306,117,082 $95,248,295 $72,177,544
Unaffiliated investments, at cost $312,453,768 $153,427,750 $50,362,693 $40,537,134
Affiliated investments, at cost 317,977,931 129,971,258 38,288,665 27,736,830
Total investments, at cost 630,431,699 283,399,008 88,651,358 68,273,964
Net asset value per share
The portfolios have an unlimited number of shares authorized with no par value. Net asset value is calculated by dividing the net assets of each class of shares by the number of outstanding shares in the class.
Class A1
Net assets $286,319,457 $145,868,743 $37,895,473 $20,740,378
Shares outstanding 24,485,855 13,174,501 3,588,600 2,032,891
Net asset value and redemption price per share $11.69 $11.07 $10.56 $10.20
Class R4
Net assets $2,058,328 $1,283,690 $101,456 $49,860
Shares outstanding 176,282 116,182 9,626 4,895
Net asset value, offering price and redemption price per share $11.68 $11.05 $10.54 $10.19
Class R6
Net assets $143,585,671 $62,341,969 $28,546,022 $15,605,534
Shares outstanding 12,292,792 5,631,436 2,705,125 1,530,877
Net asset value, offering price and redemption price per share $11.68 $11.07 $10.55 $10.19
Class 1
Net assets $257,299,958 $96,622,680 $28,705,344 $35,781,772
Shares outstanding 22,048,065 8,738,545 2,720,936 3,513,071
Net asset value, offering price and redemption price per share $11.67 $11.06 $10.55 $10.19
Maximum offering price per share
Class A (net asset value per share ÷ 95%)2 $12.31 $11.65 $11.12 $10.74
1 Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.
2 On single retail sales of less than $50,000. On sales of $50,000 or more and on group sales the offering price is reduced.
13 JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | SEMIANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS
Table of Contents
STATEMENTS OF OPERATIONS For the six months ended 2-28-25 (unaudited)
2065 Lifetime Blend Portfolio 2060 Lifetime Blend Portfolio 2055 Lifetime Blend Portfolio 2050 Lifetime Blend Portfolio
Investment income
Dividends from affiliated investments $900,335 $2,659,376 $4,589,706 $5,910,201
Dividends from unaffiliated investments 397,928 1,190,878 2,059,847 2,641,792
Interest 19,184 65,015 116,398 149,709
Securities lending 567 1,251 1,648 1,650
Other income received from advisor 8,168 22,073 38,215 49,159
Total investment income 1,326,182 3,938,593 6,805,814 8,752,511
Expenses
Investment management fees 110,731 331,891 573,345 736,985
Distribution and service fees 30,073 115,821 217,057 294,329
Accounting and legal services fees 8,726 26,161 45,216 58,115
Transfer agent fees 5,733 30,536 59,896 84,378
Trustees' fees 1,008 3,118 5,414 6,952
Custodian fees 13,479 13,479 13,479 13,479
State registration fees 25,303 29,179 31,725 32,302
Printing and postage 8,421 9,015 9,570 9,943
Professional fees 19,832 25,438 28,537 30,754
Other 5,240 8,068 10,227 12,058
Total expenses 228,546 592,706 994,466 1,279,295
Less expense reductions (192,776) (447,023) (718,303) (901,577)
Net expenses 35,770 145,683 276,163 377,718
Net investment income 1,290,412 3,792,910 6,529,651 8,374,793
Realized and unrealized gain (loss)
Net realized gain (loss) on
Unaffiliated investments 721,102 2,049,989 4,130,264 5,258,394
Affiliated investments 86,283 203,627 473,335 428,228
Capital gain distributions received from unaffiliated investments 124,483 371,407 642,869 826,101
Capital gain distributions received from affiliated investments 606,033 1,756,194 3,021,907 3,860,415
1,537,901 4,381,217 8,268,375 10,373,138
Change in net unrealized appreciation (depreciation) of
Unaffiliated investments (138,689) (154,301) (865,140) (1,049,907)
Affiliated investments 121,188 516,154 819,338 1,192,412
(17,501) 361,853 (45,802) 142,505
Net realized and unrealized gain 1,520,400 4,743,070 8,222,573 10,515,643
Increase in net assets from operations $2,810,812 $8,535,980 $14,752,224 $18,890,436
SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS 14
Table of Contents
STATEMENTS OF OPERATIONS For the six months ended 2-28-25 (unaudited)
Continued
2045 Lifetime Blend Portfolio 2040 Lifetime Blend Portfolio 2035 Lifetime Blend Portfolio 2030 Lifetime Blend Portfolio
Investment income
Dividends from affiliated investments $7,050,462 $8,098,794 $9,804,141 $9,644,223
Dividends from unaffiliated investments 3,336,966 4,183,372 5,076,984 5,852,833
Interest 307,355 461,832 663,716 883,193
Securities lending 2,143 4,489 8,329 1,887
Other income received from advisor 44,141 13,458 14,405 -
Total investment income 10,741,067 12,761,945 15,567,575 16,382,136
Expenses
Investment management fees 912,990 1,133,404 1,381,284 1,454,849
Distribution and service fees 358,332 369,716 443,712 466,211
Accounting and legal services fees 69,514 79,274 91,468 90,673
Transfer agent fees 101,254 103,367 122,450 135,569
Trustees' fees 8,290 9,525 10,972 10,903
Custodian fees 13,479 13,479 13,479 14,191
State registration fees 30,916 31,845 30,885 31,621
Printing and postage 10,082 10,206 10,462 10,805
Professional fees 32,626 34,293 36,454 36,335
Other 14,793 14,745 20,038 18,584
Total expenses 1,552,276 1,799,854 2,161,204 2,269,741
Less expense reductions (1,094,555) (1,327,269) (1,597,269) (1,629,418)
Net expenses 457,721 472,585 563,935 640,323
Net investment income 10,283,346 12,289,360 15,003,640 15,741,813
Realized and unrealized gain (loss)
Net realized gain (loss) on
Unaffiliated investments 7,022,380 5,688,294 6,020,350 4,288,197
Affiliated investments 719,091 886,776 1,627,792 1,437,275
Capital gain distributions received from unaffiliated investments 893,510 885,048 852,587 666,751
Capital gain distributions received from affiliated investments 4,433,529 4,395,485 4,584,128 4,091,743
13,068,510 11,855,603 13,084,857 10,483,966
Change in net unrealized appreciation (depreciation) of
Unaffiliated investments (2,944,405) (2,809,000) (5,090,231) (5,528,722)
Affiliated investments 1,040,316 986,189 260,431 5,638
(1,904,089) (1,822,811) (4,829,800) (5,523,084)
Net realized and unrealized gain 11,164,421 10,032,792 8,255,057 4,960,882
Increase in net assets from operations $21,447,767 $22,322,152 $23,258,697 $20,702,695
15 JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | SEMIANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS
Table of Contents
STATEMENTS OF OPERATIONS For the six months ended 2-28-25 (unaudited)
Continued
2025 Lifetime Blend Portfolio 2020 Lifetime Blend Portfolio 2015 Lifetime Blend Portfolio 2010 Lifetime Blend Portfolio
Investment income
Dividends from affiliated investments $6,993,573 $2,939,574 $875,347 $646,662
Dividends from unaffiliated investments 4,921,130 2,578,265 837,257 677,310
Interest 721,588 357,009 115,272 94,807
Securities lending 7,109 - 382 903
Total investment income 12,643,400 5,874,848 1,828,258 1,419,682
Expenses
Investment management fees 1,165,347 575,611 179,579 143,222
Distribution and service fees 447,177 227,377 60,106 36,240
Accounting and legal services fees 66,154 30,159 9,105 6,937
Transfer agent fees 144,441 75,814 20,279 10,506
Trustees' fees 8,126 3,708 1,170 917
Custodian fees 14,191 14,191 14,191 14,191
State registration fees 34,903 28,568 24,165 22,428
Printing and postage 10,688 9,427 8,497 8,321
Professional fees 32,489 26,374 22,755 22,373
Other 17,135 12,587 7,574 7,108
Total expenses 1,940,651 1,003,816 347,421 272,243
Less expense reductions (1,214,752) (589,175) (225,727) (190,374)
Net expenses 725,899 414,641 121,694 81,869
Net investment income 11,917,501 5,460,207 1,706,564 1,337,813
Realized and unrealized gain (loss)
Net realized gain (loss) on
Unaffiliated investments 3,119,696 1,828,220 225,083 281,685
Affiliated investments 1,316,201 659,069 319,954 260,417
Capital gain distributions received from unaffiliated investments 358,501 120,041 24,640 9,904
Capital gain distributions received from affiliated investments 2,296,879 865,278 242,022 138,466
7,091,277 3,472,608 811,699 690,472
Change in net unrealized appreciation (depreciation) of
Unaffiliated investments (4,666,222) (2,597,787) (446,533) (396,601)
Affiliated investments (641,790) (404,934) (249,835) (247,554)
(5,308,012) (3,002,721) (696,368) (644,155)
Net realized and unrealized gain 1,783,265 469,887 115,331 46,317
Increase in net assets from operations $13,700,766 $5,930,094 $1,821,895 $1,384,130
SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS 16
Table of Contents
STATEMENTS OF CHANGES IN NET ASSETS
2065 Lifetime Blend Portfolio 2060 Lifetime Blend Portfolio 2055 Lifetime Blend Portfolio
Six months ended
2-28-25
(unaudited) 		Year ended
8-31-24
 Six months ended
2-28-25
(unaudited) 		Year ended
8-31-24
 Six months ended
2-28-25
(unaudited) 		Year ended
8-31-24
Increase (decrease) in net assets
From operations
Net investment income $1,290,412 $1,072,431 $3,792,910 $3,775,408 $6,529,651 $6,746,141
Net realized gain 1,537,901 1,766,069 4,381,217 691,593 8,268,375 2,041,825
Change in net unrealized appreciation (depreciation) (17,501) 8,998,630 361,853 36,072,140 (45,802) 63,790,348
Increase in net assets resulting from operations 2,810,812 11,837,130 8,535,980 40,539,141 14,752,224 72,578,314
Distributions to shareholders
From earnings
Class A (322,842) (73,989) (722,074) (526,226) (1,439,212) (1,105,936)
Class R4 (2,521) (1,200) (20,013) (18,443) (22,761) (25,746)
Class R6 (573,144) (140,430) (1,105,345) (927,334) (1,825,061) (1,571,578)
Class 1 (2,251,407) (812,912) (2,428,948) (2,315,913) (4,119,401) (4,123,567)
Total distributions (3,149,914) (1,028,531) (4,276,380) (3,787,916) (7,406,435) (6,826,827)
Portfolio share transactions
From portfolio share transactions 20,411,636 21,628,460 26,134,503 40,154,814 31,905,023 62,295,789
Total increase 20,072,534 32,437,059 30,394,103 76,906,039 39,250,812 128,047,276
Net assets
Beginning of period 75,076,096 42,639,037 244,853,093 167,947,054 431,136,363 303,089,087
End of period $95,148,630 $75,076,096 $275,247,196 $244,853,093 $470,387,175 $431,136,363
17 JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | SEMIANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS
Table of Contents
STATEMENTS OF CHANGES IN NET ASSETS
Continued
2050 Lifetime Blend Portfolio 2045 Lifetime Blend Portfolio 2040 Lifetime Blend Portfolio
Six months ended
2-28-25
(unaudited) 		Year ended
8-31-24
 Six months ended
2-28-25
(unaudited) 		Year ended
8-31-24
 Six months ended
2-28-25
(unaudited) 		Year ended
8-31-24
Increase (decrease) in net assets
From operations
Net investment income $8,374,793 $8,779,479 $10,283,346 $11,530,865 $12,289,360 $14,256,689
Net realized gain (loss) 10,373,138 2,269,107 13,068,510 2,862,492 11,855,603 (588,372)
Change in net unrealized appreciation (depreciation) 142,505 83,085,332 (1,904,089) 96,969,050 (1,822,811) 107,142,360
Increase in net assets resulting from operations 18,890,436 94,133,918 21,447,767 111,362,407 22,322,152 120,810,677
Distributions to shareholders
From earnings
Class A (2,021,231) (1,634,182) (2,624,213) (2,043,737) (3,089,496) (2,150,073)
Class R4 (30,791) (28,364) (59,438) (59,673) (19,284) (16,055)
Class R6 (2,411,641) (2,149,020) (2,828,507) (2,662,287) (4,106,418) (3,198,210)
Class 1 (4,992,060) (5,134,331) (6,522,515) (6,708,768) (8,419,465) (7,818,338)
Total distributions (9,455,723) (8,945,897) (12,034,673) (11,474,465) (15,634,663) (13,182,676)
Portfolio share transactions
From portfolio share transactions 43,309,238 67,611,458 44,427,195 64,469,287 56,957,585 98,819,991
Total increase 52,743,951 152,799,479 53,840,289 164,357,229 63,645,074 206,447,992
Net assets
Beginning of period 551,946,880 399,147,401 668,037,884 503,680,655 764,910,027 558,462,035
End of period $604,690,831 $551,946,880 $721,878,173 $668,037,884 $828,555,101 $764,910,027
SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS 18
Table of Contents
STATEMENTS OF CHANGES IN NET ASSETS
Continued
2035 Lifetime Blend Portfolio 2030 Lifetime Blend Portfolio 2025 Lifetime Blend Portfolio
Six months ended
2-28-25
(unaudited) 		Year ended
8-31-24
 Six months ended
2-28-25
(unaudited) 		Year ended
8-31-24
 Six months ended
2-28-25
(unaudited) 		Year ended
8-31-24
Increase (decrease) in net assets
From operations
Net investment income $15,003,640 $18,951,041 $15,741,813 $21,301,363 $11,917,501 $18,222,974
Net realized gain (loss) 13,084,857 (6,530,950) 10,483,966 (12,703,301) 7,091,277 (12,647,186)
Change in net unrealized appreciation (depreciation) (4,829,800) 120,306,861 (5,523,084) 112,972,155 (5,308,012) 77,632,465
Increase in net assets resulting from operations 23,258,697 132,726,952 20,702,695 121,570,217 13,700,766 83,208,253
Distributions to shareholders
From earnings
Class A (4,110,396) (2,785,886) (5,307,296) (3,329,351) (6,605,947) (4,352,731)
Class R4 (91,652) (86,043) (138,943) (142,833) (55,654) (63,530)
Class R6 (4,885,424) (4,160,843) (6,165,459) (4,834,947) (4,098,927) (3,799,374)
Class 1 (10,908,152) (10,311,659) (10,952,085) (10,594,643) (7,703,633) (8,178,918)
Total distributions (19,995,624) (17,344,431) (22,563,783) (18,901,774) (18,464,161) (16,394,553)
Portfolio share transactions
From portfolio share transactions 52,273,441 100,373,945 56,795,128 98,403,490 37,960,944 37,154,626
Total increase 55,536,514 215,756,466 54,934,040 201,071,933 33,197,549 103,968,326
Net assets
Beginning of period 891,906,521 676,150,055 884,212,015 683,140,082 656,065,865 552,097,539
End of period $947,443,035 $891,906,521 $939,146,055 $884,212,015 $689,263,414 $656,065,865
19 JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | SEMIANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS
Table of Contents
STATEMENTS OF CHANGES IN NET ASSETS
Continued
2020 Lifetime Blend Portfolio 2015 Lifetime Blend Portfolio 2010 Lifetime Blend Portfolio
Six months ended
2-28-25
(unaudited) 		Year ended
8-31-24
 Six months ended
2-28-25
(unaudited) 		Year ended
8-31-24
 Six months ended
2-28-25
(unaudited) 		Year ended
8-31-24
Increase (decrease) in net assets
From operations
Net investment income $5,460,207 $8,926,329 $1,706,564 $2,891,936 $1,337,813 $2,237,667
Net realized gain (loss) 3,472,608 (7,831,770) 811,699 (1,951,107) 690,472 (997,432)
Change in net unrealized appreciation (depreciation) (3,002,721) 34,110,772 (696,368) 9,370,860 (644,155) 5,734,154
Increase in net assets resulting from operations 5,930,094 35,205,331 1,821,895 10,311,689 1,384,130 6,974,389
Distributions to shareholders
From earnings
Class A (3,783,401) (2,768,280) (1,069,670) (774,011) (609,344) (342,535)
Class R4 (37,478) (48,230) (3,008) (3,550) (1,682) (3,031)
Class R6 (1,889,848) (1,690,073) (934,157) (710,321) (519,979) (346,128)
Class 1 (3,257,478) (3,627,841) (930,676) (1,061,995) (1,192,319) (1,192,562)
Total distributions (8,968,205) (8,134,424) (2,937,511) (2,549,877) (2,323,324) (1,884,256)
Portfolio share transactions
From portfolio share transactions 12,538,487 (175,363) 7,353,752 2,773,124 6,084,297 2,655,919
Total increase 9,500,376 26,895,544 6,238,136 10,534,936 5,145,103 7,746,052
Net assets
Beginning of period 296,616,706 269,721,162 89,010,159 78,475,223 67,032,441 59,286,389
End of period $306,117,082 $296,616,706 $95,248,295 $89,010,159 $72,177,544 $67,032,441
SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS 20
Table of Contents
Financial highlights
2065 Lifetime Blend Portfolio
Per share operating performance for a share outstanding throughout each period Ratios and supplemental data
Income (loss) from investment operations Less distributions Ratios to average net assets
Period ended Net asset
value,
beginning
of period ($) 		Net
investment
income
(loss) ($)1, 2 		Net realized and
unrealized
gain (loss)
on investments ($) 		Total from
investment
operations ($) 		From net
investment
income ($) 		From net
realized
gain ($) 		Total
distributions ($) 		Net asset
value,
end of
period ($) 		Total
return
(%)3 		Expenses
before
reductions
(%)4 		Expenses
including
reductions
(%)4 		Net
investment
income
(loss) (%)2 		Net
assets,
end of
period
(in thousands) 		Portfolio
turnover
(%)
2065 Lifetime Blend Portfolio
Class A
02-28-20255 14.44 0.206 0.26 0.46 (0.18) (0.28) (0.46) 14.44 3.287, 8 0.869 0.419 1.736, 9 11,113 7
08-31-2024 12.15 0.186 2.33 2.51 (0.22) - (0.22) 14.44 20.928 0.98 0.42 1.356 8,331 41
08-31-2023 11.15 0.13 1.00 1.13 (0.13) - (0.13) 12.15 10.328 1.22 0.42 1.16 3,032 12
08-31-2022 13.52 0.076 (2.16) (2.09) (0.12) (0.16) (0.28) 11.15 (15.86)8 1.66 0.42 0.616 1,417 89
08-31-202110 12.85 -6, 11 0.67 0.67 - - - 13.52 5.217, 8 8.469 0.419 0.066, 9 225 1912
Class R4
02-28-20255 14.45 0.216 0.27 0.48 (0.22) (0.28) (0.50) 14.43 3.427 0.709 0.159 1.916, 9 72 7
08-31-2024 12.15 0.206 2.34 2.54 (0.24) - (0.24) 14.45 21.18 0.86 0.20 1.596 72 41
08-31-2023 11.15 0.16 0.99 1.15 (0.15) - (0.15) 12.15 10.52 1.15 0.25 1.41 476 12
08-31-2022 13.51 0.156 (2.21) (2.06) (0.14) (0.16) (0.30) 11.15 (15.66) 1.57 0.23 1.266 292 89
08-31-202113 10.00 0.116 3.50 3.61 (0.10) - (0.10) 13.51 36.287 8.349 0.199 0.996, 9 204 19
Class R6
02-28-20255 14.45 0.226 0.27 0.49 (0.24) (0.28) (0.52) 14.42 3.487 0.459 -9, 14 2.136, 9 16,410 7
08-31-2024 12.15 0.246 2.33 2.57 (0.27) - (0.27) 14.45 21.46 0.57 0.01 1.826 10,961 41
08-31-2023 11.15 0.12 1.06 1.18 (0.18) - (0.18) 12.15 10.78 0.82 0.01 1.01 4,303 12
08-31-2022 13.52 0.196 (2.23) (2.04) (0.17) (0.16) (0.33) 11.15 (15.52) 1.25 0.01 1.616 410 89
08-31-202113 10.00 0.176 3.45 3.62 (0.10) - (0.10) 13.52 36.447 8.069 0.019 1.526, 9 68 19
Class 1
02-28-20255 14.46 0.226 0.27 0.49 (0.24) (0.28) (0.52) 14.43 3.447 0.499 0.059 2.026, 9 67,553 7
08-31-2024 12.16 0.266 2.30 2.56 (0.26) - (0.26) 14.46 21.39 0.61 0.05 1.976 55,712 41
08-31-2023 11.16 0.18 0.99 1.17 (0.17) - (0.17) 12.16 10.72 0.86 0.06 1.55 34,828 12
08-31-2022 13.52 0.166 (2.19) (2.03) (0.17) (0.16) (0.33) 11.16 (15.48) 1.29 0.05 1.346 15,871 89
08-31-202113 10.00 0.076 3.55 3.62 (0.10) - (0.10) 13.52 36.427 8.109 0.059 0.586, 9 5,699 19
1 Based on average daily shares outstanding.
2 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests.
3 Total returns would have been lower had certain expenses not been reduced and other income not been received from the Advisor for reimbursement of indirect net expenses associated with the portfolio's investments in underlying investment companies during the applicable periods.
4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.
5 Six months ended 2-28-25. Unaudited.
6 Net investment income (loss) per share and net investment income (loss) ratio reflect other income received from the Advisor for reimbursement of indirect net expenses associated with the portfolio's investments in underlying investment companies of less than $0.005 per share for the periods ended 2-28-25, 8-31-24, 8-31-22 and 8-31-21 and 0.02% (annualized), 0.01%, 0.01% and less than 0.005% for the periods ended 2-28-25, 8-31-24, 8-31-22 and 8-31-21, respectively.
7 Not annualized.
8 Does not reflect the effect of sales charges, if any.
9 Annualized.
10 The inception date for Class A shares is 6-21-21.
11 Less than $0.005 per share.
12 Portfolio turnover is shown for the period from 9-23-20 to 8-31-21.
13 Period from 9-23-20 (commencement of operations) to 8-31-21.
14 Less than 0.005%.
21 JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | SEMIANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS
Table of Contents
2060 Lifetime Blend Portfolio
Per share operating performance for a share outstanding throughout each period Ratios and supplemental data
Income (loss) from investment operations Less distributions Ratios to average net assets
Period ended Net asset
value,
beginning
of period ($) 		Net
investment
income
(loss) ($)1, 2 		Net realized and
unrealized
gain (loss)
on investments ($) 		Total from
investment
operations ($) 		From net
investment
income ($) 		From net
realized
gain ($) 		Total
distributions ($) 		Net asset
value,
end of
period ($) 		Total
return
(%)3 		Expenses
before
reductions
(%)4 		Expenses
including
reductions
(%)4 		Net
investment
income
(loss) (%)2 		Net
assets,
end of
period
(in thousands) 		Portfolio
turnover
(%)
2060 Lifetime Blend Portfolio
Class A
02-28-20255 16.02 0.226 0.30 0.52 (0.22) - (0.22) 16.32 3.257, 8 0.769 0.419 1.736, 9 57,298 6
08-31-2024 13.48 0.216 2.58 2.79 (0.25) - (0.25) 16.02 20.968 0.79 0.42 1.436 45,957 21
08-31-2023 12.97 0.16 1.09 1.25 (0.16) (0.58) (0.74) 13.48 10.378 0.82 0.42 1.23 23,628 25
08-31-2022 16.14 0.136 (2.55) (2.42) (0.17) (0.58) (0.75) 12.97 (15.84)8 0.84 0.42 0.946 10,978 81
08-31-202110 15.35 (0.01) 0.80 0.79 - - - 16.14 5.157, 8 0.889 0.419 (0.24)9 1,905 1511
Class R4
02-28-20255 16.02 0.226 0.31 0.53 (0.24) - (0.24) 16.31 3.357 0.709 0.269 1.786, 9 1,340 6
08-31-2024 13.48 0.236 2.58 2.81 (0.27) - (0.27) 16.02 21.14 0.73 0.25 1.586 1,337 21
08-31-2023 12.97 0.19 1.08 1.27 (0.18) (0.58) (0.76) 13.48 10.55 0.76 0.27 1.46 3,050 25
08-31-2022 16.14 0.196 (2.58) (2.39) (0.20) (0.58) (0.78) 12.97 (15.70) 0.78 0.26 1.316 2,006 81
08-31-2021 12.95 0.13 3.48 3.61 (0.18) (0.24) (0.42) 16.14 28.37 0.83 0.26 0.85 1,726 15
08-31-2020 12.06 0.13 1.59 1.72 (0.26) (0.57) (0.83) 12.95 14.56 1.02 0.24 1.16 376 32
Class R6
02-28-20255 16.03 0.246 0.31 0.55 (0.28) - (0.28) 16.30 3.477 0.359 -9, 12 2.016, 9 68,563 6
08-31-2024 13.49 0.276 2.57 2.84 (0.30) - (0.30) 16.03 21.40 0.38 0.01 1.866 62,824 21
08-31-2023 12.98 0.25 1.06 1.31 (0.22) (0.58) (0.80) 13.49 10.84 0.42 0.02 1.98 33,344 25
08-31-2022 16.16 0.226 (2.59) (2.37) (0.23) (0.58) (0.81) 12.98 (15.54) 0.43 0.01 1.506 32,711 81
08-31-2021 12.96 0.19 3.46 3.65 (0.21) (0.24) (0.45) 16.16 28.68 0.48 0.01 1.31 23,276 15
08-31-2020 12.06 0.22 1.53 1.75 (0.28) (0.57) (0.85) 12.96 14.84 0.70 - 1.90 8,365 32
Class 1
02-28-20255 16.03 0.246 0.30 0.54 (0.27) - (0.27) 16.30 3.437 0.399 0.059 2.046, 9 148,047 6
08-31-2024 13.49 0.296 2.55 2.84 (0.30) - (0.30) 16.03 21.35 0.43 0.05 2.036 134,735 21
08-31-2023 12.98 0.21 1.09 1.30 (0.21) (0.58) (0.79) 13.49 10.78 0.46 0.06 1.65 107,925 25
08-31-2022 16.15 0.226 (2.58) (2.36) (0.23) (0.58) (0.81) 12.98 (15.52) 0.47 0.05 1.526 71,791 81
08-31-2021 12.96 0.20 3.43 3.63 (0.20) (0.24) (0.44) 16.15 28.54 0.52 0.05 1.39 67,257 15
08-31-2020 12.06 0.25 1.50 1.75 (0.28) (0.57) (0.85) 12.96 14.77 0.73 0.05 2.08 36,437 32
1 Based on average daily shares outstanding.
2 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests.
3 Total returns would have been lower had certain expenses not been reduced and other income not been received from the Advisor for reimbursement of indirect net expenses associated with the portfolio's investments in underlying investment companies during the applicable periods.
4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.
5 Six months ended 2-28-25. Unaudited.
6 Net investment income (loss) per share and net investment income (loss) ratio reflect other income received from the Advisor for reimbursement of indirect net expenses associated with the portfolio's investments in underlying investment companies of less than $0.005 per share for the periods ended 2-28-25, 8-31-24 and 8-31-22 and 0.02% (annualized), less than 0.005% and 0.01% for the periods ended 2-28-25, 8-31-24 and 8-31-22, respectively.
7 Not annualized.
8 Does not reflect the effect of sales charges, if any.
9 Annualized.
10 The inception date for Class A shares is 6-21-21.
11 Portfolio turnover is shown for the period from 9-1-20 to 8-31-21.
12 Less than 0.005%.
SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS 22
Table of Contents
Financial highlights continued
2055 Lifetime Blend Portfolio
Per share operating performance for a share outstanding throughout each period Ratios and supplemental data
Income (loss) from investment operations Less distributions Ratios to average net assets
Period ended Net asset
value,
beginning
of period ($) 		Net
investment
income
(loss) ($)1, 2 		Net realized and
unrealized
gain (loss)
on investments ($) 		Total from
investment
operations ($) 		From net
investment
income ($) 		From net
realized
gain ($) 		Total
distributions ($) 		Net asset
value,
end of
period ($) 		Total
return
(%)3 		Expenses
before
reductions
(%)4 		Expenses
including
reductions
(%)4 		Net
investment
income
(loss) (%)2 		Net
assets,
end of
period
(in thousands) 		Portfolio
turnover
(%)
2055 Lifetime Blend Portfolio
Class A
02-28-20255 14.65 0.206 0.28 0.48 (0.20) - (0.20) 14.93 3.317, 8 0.739 0.419 1.726, 9 113,266 6
08-31-2024 12.33 0.196 2.36 2.55 (0.23) - (0.23) 14.65 20.928 0.76 0.42 1.456 92,965 21
08-31-2023 12.04 0.14 0.99 1.13 (0.15) (0.69) (0.84) 12.33 10.298 0.77 0.43 1.22 50,736 29
08-31-2022 15.05 0.136 (2.37) (2.24) (0.16) (0.61) (0.77) 12.04 (15.78)8 0.76 0.42 1.006 23,337 79
08-31-202110 14.31 (0.01) 0.75 0.74 - - - 15.05 5.177, 8 0.769 0.419 (0.27)9 4,336 1511
Class R4
02-28-20255 14.63 0.196 0.29 0.48 (0.22) - (0.22) 14.89 3.337 0.679 0.269 1.686, 9 1,505 6
08-31-2024 12.31 0.216 2.36 2.57 (0.25) - (0.25) 14.63 21.13 0.69 0.25 1.616 1,626 21
08-31-2023 12.01 0.18 0.98 1.16 (0.17) (0.69) (0.86) 12.31 10.57 0.72 0.27 1.51 5,677 29
08-31-2022 15.03 0.186 (2.41) (2.23) (0.18) (0.61) (0.79) 12.01 (15.73) 0.71 0.26 1.366 4,586 79
08-31-2021 12.15 0.15 3.21 3.36 (0.17) (0.31) (0.48) 15.03 28.26 0.71 0.26 1.11 5,128 15
08-31-2020 11.48 0.06 1.58 1.64 (0.25) (0.72) (0.97) 12.15 14.67 0.76 0.26 0.57 2,219 28
Class R6
02-28-20255 14.65 0.226 0.28 0.50 (0.26) - (0.26) 14.89 3.447 0.329 -9, 12 2.056, 9 107,361 6
08-31-2024 12.32 0.256 2.36 2.61 (0.28) - (0.28) 14.65 21.47 0.35 0.01 1.876 103,401 21
08-31-2023 12.03 0.25 0.93 1.18 (0.20) (0.69) (0.89) 12.32 10.77 0.37 0.02 2.09 53,947 29
08-31-2022 15.05 0.216 (2.40) (2.19) (0.22) (0.61) (0.83) 12.03 (15.51) 0.36 0.01 1.566 69,354 79
08-31-2021 12.16 0.19 3.20 3.39 (0.19) (0.31) (0.50) 15.05 28.60 0.36 0.01 1.39 57,666 15
08-31-2020 11.48 0.23 1.44 1.67 (0.27) (0.72) (0.99) 12.16 14.95 0.42 - 2.04 24,431 28
Class 1
02-28-20255 14.66 0.226 0.27 0.49 (0.25) - (0.25) 14.90 3.397 0.379 0.059 2.026, 9 248,256 6
08-31-2024 12.33 0.276 2.33 2.60 (0.27) - (0.27) 14.66 21.41 0.39 0.05 2.046 233,144 21
08-31-2023 12.04 0.20 0.98 1.18 (0.20) (0.69) (0.89) 12.33 10.70 0.41 0.06 1.69 192,729 29
08-31-2022 15.06 0.216 (2.40) (2.19) (0.22) (0.61) (0.83) 12.04 (15.53) 0.40 0.05 1.546 140,924 79
08-31-2021 12.16 0.19 3.21 3.40 (0.19) (0.31) (0.50) 15.06 28.63 0.40 0.05 1.42 144,622 15
08-31-2020 11.49 0.24 1.42 1.66 (0.27) (0.72) (0.99) 12.16 14.78 0.46 0.05 2.13 90,699 28
1 Based on average daily shares outstanding.
2 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests.
3 Total returns would have been lower had certain expenses not been reduced and other income not been received from the Advisor for reimbursement of indirect net expenses associated with the portfolio's investments in underlying investment companies during the applicable periods.
4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.
5 Six months ended 2-28-25. Unaudited.
6 Net investment income (loss) per share and net investment income (loss) ratio reflect other income received from the Advisor for reimbursement of indirect net expenses associated with the portfolio's investments in underlying investment companies of less than $0.005 per share for the periods ended 2-28-25, 8-31-24 and 8-31-22 and 0.02% (annualized), less than 0.005% and 0.01% for the periods ended 2-28-25, 8-31-24 and 8-31-22, respectively.
7 Not annualized.
8 Does not reflect the effect of sales charges, if any.
9 Annualized.
10 The inception date for Class A shares is 6-21-21.
11 Portfolio turnover is shown for the period from 9-1-20 to 8-31-21.
12 Less than 0.005%.
23 JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | SEMIANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS
Table of Contents
2050 Lifetime Blend Portfolio
Per share operating performance for a share outstanding throughout each period Ratios and supplemental data
Income (loss) from investment operations Less distributions Ratios to average net assets
Period ended Net asset
value,
beginning
of period ($) 		Net
investment
income
(loss) ($)1, 2 		Net realized and
unrealized
gain (loss)
on investments ($) 		Total from
investment
operations ($) 		From net
investment
income ($) 		From net
realized
gain ($) 		Total
distributions ($) 		Net asset
value,
end of
period ($) 		Total
return
(%)3 		Expenses
before
reductions
(%)4 		Expenses
including
reductions
(%)4 		Net
investment
income
(loss) (%)2 		Net
assets,
end of
period
(in thousands) 		Portfolio
turnover
(%)
2050 Lifetime Blend Portfolio
Class A
02-28-20255 14.82 0.206 0.27 0.47 (0.20) - (0.20) 15.09 3.227, 8 0.729 0.419 1.716, 9 153,951 6
08-31-2024 12.48 0.206 2.37 2.57 (0.23) - (0.23) 14.82 20.878 0.75 0.42 1.486 134,576 20
08-31-2023 12.11 0.15 1.01 1.16 (0.16) (0.63) (0.79) 12.48 10.408 0.76 0.43 1.28 75,211 32
08-31-2022 15.16 0.126 (2.38) (2.26) (0.16) (0.63) (0.79) 12.11 (15.84)8 0.75 0.42 0.916 37,655 80
08-31-202110 14.41 (0.01) 0.76 0.75 - - - 15.16 5.207, 8 0.749 0.419 (0.28)9 4,180 1711
Class R4
02-28-20255 14.81 0.216 0.28 0.49 (0.23) - (0.23) 15.07 3.317 0.679 0.269 1.896, 9 1,945 6
08-31-2024 12.46 0.206 2.40 2.60 (0.25) - (0.25) 14.81 21.16 0.68 0.25 1.546 1,965 20
08-31-2023 12.10 0.18 0.99 1.17 (0.18) (0.63) (0.81) 12.46 10.49 0.70 0.27 1.53 7,787 32
08-31-2022 15.14 0.196 (2.42) (2.23) (0.18) (0.63) (0.81) 12.10 (15.65) 0.69 0.26 1.366 6,648 80
08-31-2021 12.27 0.14 3.25 3.39 (0.17) (0.35) (0.52) 15.14 28.30 0.69 0.26 0.99 7,284 17
08-31-2020 11.61 0.10 1.56 1.66 (0.25) (0.75) (1.00) 12.27 14.61 0.73 0.26 0.95 2,351 30
Class R6
02-28-20255 14.81 0.236 0.27 0.50 (0.26) - (0.26) 15.05 3.427 0.329 -9, 12 2.076, 9 142,946 6
08-31-2024 12.46 0.256 2.38 2.63 (0.28) - (0.28) 14.81 21.44 0.34 0.01 1.856 135,311 20
08-31-2023 12.11 0.25 0.94 1.19 (0.21) (0.63) (0.84) 12.46 10.71 0.35 0.02 2.11 74,465 32
08-31-2022 15.15 0.216 (2.40) (2.19) (0.22) (0.63) (0.85) 12.11 (15.43) 0.34 0.01 1.576 103,056 80
08-31-2021 12.28 0.19 3.23 3.42 (0.20) (0.35) (0.55) 15.15 28.55 0.34 0.01 1.42 94,579 17
08-31-2020 11.62 0.24 1.45 1.69 (0.28) (0.75) (1.03) 12.28 14.89 0.38 - 2.09 48,478 30
Class 1
02-28-20255 14.82 0.226 0.29 0.51 (0.26) - (0.26) 15.07 3.457 0.369 0.059 2.016, 9 305,849 6
08-31-2024 12.48 0.276 2.35 2.62 (0.28) - (0.28) 14.82 21.28 0.38 0.05 2.066 280,095 20
08-31-2023 12.11 0.20 1.00 1.20 (0.20) (0.63) (0.83) 12.48 10.82 0.40 0.06 1.69 241,685 32
08-31-2022 15.16 0.216 (2.42) (2.21) (0.21) (0.63) (0.84) 12.11 (15.52) 0.38 0.05 1.536 176,669 80
08-31-2021 12.28 0.19 3.23 3.42 (0.19) (0.35) (0.54) 15.16 28.59 0.38 0.05 1.42 171,428 17
08-31-2020 11.62 0.25 1.43 1.68 (0.27) (0.75) (1.02) 12.28 14.82 0.42 0.05 2.16 109,857 30
1 Based on average daily shares outstanding.
2 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests.
3 Total returns would have been lower had certain expenses not been reduced and other income not been received from the Advisor for reimbursement of indirect net expenses associated with the portfolio's investments in underlying investment companies during the applicable periods.
4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.
5 Six months ended 2-28-25. Unaudited.
6 Net investment income (loss) per share and net investment income (loss) ratio reflect other income received from the Advisor for reimbursement of indirect net expenses associated with the portfolio's investments in underlying investment companies of less than $0.005 per share for the periods ended 2-28-25, 8-31-24 and 8-31-22 and 0.02% (annualized), less than 0.005% and 0.01% for the periods ended 2-28-25, 8-31-24 and 8-31-22, respectively.
7 Not annualized.
8 Does not reflect the effect of sales charges, if any.
9 Annualized.
10 The inception date for Class A shares is 6-21-21.
11 Portfolio turnover is shown for the period from 9-1-20 to 8-31-21.
12 Less than 0.005%.
SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS 24
Table of Contents
Financial highlights continued
2045 Lifetime Blend Portfolio
Per share operating performance for a share outstanding throughout each period Ratios and supplemental data
Income (loss) from investment operations Less distributions Ratios to average net assets
Period ended Net asset
value,
beginning
of period ($) 		Net
investment
income
(loss) ($)1, 2 		Net realized and
unrealized
gain (loss)
on investments ($) 		Total from
investment
operations ($) 		From net
investment
income ($) 		From net
realized
gain ($) 		Total
distributions ($) 		Net asset
value,
end of
period ($) 		Total
return
(%)3 		Expenses
before
reductions
(%)4 		Expenses
including
reductions
(%)4 		Net
investment
income
(loss) (%)2 		Net
assets,
end of
period
(in thousands) 		Portfolio
turnover
(%)
2045 Lifetime Blend Portfolio
Class A
02-28-20255 14.39 0.206 0.23 0.43 (0.21) - (0.21) 14.61 3.037, 8 0.739 0.419 1.836, 9 187,193 7
08-31-2024 12.19 0.216 2.23 2.44 (0.24) - (0.24) 14.39 20.238 0.75 0.42 1.616 159,734 22
08-31-2023 11.94 0.15 0.93 1.08 (0.16) (0.67) (0.83) 12.19 9.928 0.76 0.43 1.32 94,673 29
08-31-2022 14.96 0.126 (2.33) (2.21) (0.16) (0.65) (0.81) 11.94 (15.74)8 0.74 0.42 0.946 44,758 80
08-31-202110 14.22 (0.01) 0.75 0.74 - - - 14.96 5.207, 8 0.729 0.419 (0.28)9 7,583 1811
Class R4
02-28-20255 14.35 0.206 0.24 0.44 (0.23) - (0.23) 14.56 3.137 0.679 0.269 1.896, 9 3,776 7
08-31-2024 12.16 0.236 2.21 2.44 (0.25) - (0.25) 14.35 20.38 0.68 0.25 1.766 3,739 22
08-31-2023 11.91 0.19 0.91 1.10 (0.18) (0.67) (0.85) 12.16 10.11 0.70 0.27 1.59 7,909 29
08-31-2022 14.93 0.196 (2.38) (2.19) (0.18) (0.65) (0.83) 11.91 (15.63) 0.68 0.26 1.386 6,716 80
08-31-2021 12.11 0.15 3.19 3.34 (0.17) (0.35) (0.52) 14.93 28.31 0.67 0.26 1.12 7,411 18
08-31-2020 11.49 0.13 1.51 1.64 (0.26) (0.76) (1.02) 12.11 14.67 0.70 0.27 1.18 3,188 33
Class R6
02-28-20255 14.41 0.226 0.24 0.46 (0.27) - (0.27) 14.60 3.227 0.329 -9, 12 2.186, 9 158,537 7
08-31-2024 12.20 0.266 2.23 2.49 (0.28) - (0.28) 14.41 20.75 0.34 0.01 2.016 151,805 22
08-31-2023 11.95 0.25 0.88 1.13 (0.21) (0.67) (0.88) 12.20 10.38 0.35 0.02 2.13 90,644 29
08-31-2022 14.97 0.226 (2.37) (2.15) (0.22) (0.65) (0.87) 11.95 (15.39) 0.33 0.01 1.606 122,435 80
08-31-2021 12.14 0.20 3.18 3.38 (0.20) (0.35) (0.55) 14.97 28.59 0.32 0.01 1.44 116,109 18
08-31-2020 11.51 0.24 1.43 1.67 (0.28) (0.76) (1.04) 12.14 14.94 0.35 - 2.16 66,299 33
Class 1
02-28-20255 14.40 0.226 0.23 0.45 (0.26) - (0.26) 14.59 3.267 0.379 0.059 2.146, 9 372,372 7
08-31-2024 12.19 0.286 2.21 2.49 (0.28) - (0.28) 14.40 20.73 0.38 0.05 2.206 352,759 22
08-31-2023 11.94 0.21 0.92 1.13 (0.21) (0.67) (0.88) 12.19 10.33 0.39 0.06 1.75 310,455 29
08-31-2022 14.96 0.216 (2.37) (2.16) (0.21) (0.65) (0.86) 11.94 (15.43) 0.37 0.05 1.566 235,373 80
08-31-2021 12.13 0.19 3.19 3.38 (0.20) (0.35) (0.55) 14.96 28.56 0.36 0.05 1.41 241,713 18
08-31-2020 11.50 0.24 1.42 1.66 (0.27) (0.76) (1.03) 12.13 14.89 0.39 0.05 2.15 142,635 33
1 Based on average daily shares outstanding.
2 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests.
3 Total returns would have been lower had certain expenses not been reduced and other income not been received from the Advisor for reimbursement of indirect net expenses associated with the portfolio's investments in underlying investment companies during the applicable periods.
4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.
5 Six months ended 2-28-25. Unaudited.
6 Net investment income (loss) per share and net investment income (loss) ratio reflect other income received from the Advisor for reimbursement of indirect net expenses associated with the portfolio's investments in underlying investment companies of less than $0.005 per share for the periods ended 2-28-25, 8-31-24 and 8-31-22 and 0.01% (annualized), 0.01% and 0.01% for the periods ended 2-28-25, 8-31-24 and 8-31-22, respectively.
7 Not annualized.
8 Does not reflect the effect of sales charges, if any.
9 Annualized.
10 The inception date for Class A shares is 6-21-21.
11 Portfolio turnover is shown for the period from 9-1-20 to 8-31-21.
12 Less than 0.005%.
25 JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | SEMIANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS
Table of Contents
2040 Lifetime Blend Portfolio
Per share operating performance for a share outstanding throughout each period Ratios and supplemental data
Income (loss) from investment operations Less distributions Ratios to average net assets
Period ended Net asset
value,
beginning
of period ($) 		Net
investment
income
(loss) ($)1, 2 		Net realized and
unrealized
gain (loss)
on investments ($) 		Total from
investment
operations ($) 		From net
investment
income ($) 		From net
realized
gain ($) 		Total
distributions ($) 		Net asset
value,
end of
period ($) 		Total
return
(%)3 		Expenses
before
reductions
(%)4 		Expenses
including
reductions
(%)4 		Net
investment
income
(loss) (%)2 		Net
assets,
end of
period
(in thousands) 		Portfolio
turnover
(%)
2040 Lifetime Blend Portfolio
Class A
02-28-20255 13.95 0.206 0.18 0.38 (0.24) - (0.24) 14.09 2.747, 8 0.759 0.419 2.066, 9 193,501 6
08-31-2024 11.93 0.23 2.03 2.26 (0.24) - (0.24) 13.95 19.148 0.76 0.43 1.83 162,995 24
08-31-2023 11.77 0.17 0.77 0.94 (0.16) (0.62) (0.78) 11.93 8.728 0.78 0.45 1.50 97,674 23
08-31-2022 14.71 0.14 (2.29) (2.15) (0.17) (0.62) (0.79) 11.77 (15.55)8 0.76 0.43 1.11 48,066 75
08-31-202110 14.02 (0.01) 0.70 0.69 - - - 14.71 4.927, 8 0.749 0.419 (0.21)9 7,706 2011
Class R4
02-28-20255 13.95 0.226 0.16 0.38 (0.26) - (0.26) 14.07 2.767 0.699 0.269 2.276, 9 942 6
08-31-2024 11.93 0.24 2.03 2.27 (0.25) - (0.25) 13.95 19.32 0.70 0.26 1.91 988 24
08-31-2023 11.77 0.20 0.76 0.96 (0.18) (0.62) (0.80) 11.93 8.88 0.72 0.29 1.76 7,572 23
08-31-2022 14.71 0.20 (2.32) (2.12) (0.20) (0.62) (0.82) 11.77 (15.40) 0.70 0.27 1.49 7,079 75
08-31-2021 12.12 0.13 3.05 3.18 (0.18) (0.41) (0.59) 14.71 26.96 0.68 0.26 0.95 7,774 20
08-31-2020 11.50 0.08 1.57 1.65 (0.26) (0.77) (1.03) 12.12 14.75 0.69 0.26 0.77 1,808 41
Class R6
02-28-20255 13.96 0.226 0.18 0.40 (0.29) - (0.29) 14.07 2.937 0.349 -9, 12 2.406, 9 205,246 6
08-31-2024 11.94 0.27 2.03 2.30 (0.28) - (0.28) 13.96 19.58 0.35 0.02 2.15 200,564 24
08-31-2023 11.78 0.25 0.74 0.99 (0.21) (0.62) (0.83) 11.94 9.18 0.37 0.04 2.13 111,762 23
08-31-2022 14.72 0.23 (2.32) (2.09) (0.23) (0.62) (0.85) 11.78 (15.19) 0.36 0.02 1.71 107,439 75
08-31-2021 12.13 0.20 3.00 3.20 (0.20) (0.41) (0.61) 14.72 27.21 0.33 0.01 1.50 101,995 20
08-31-2020 11.50 0.25 1.43 1.68 (0.28) (0.77) (1.05) 12.13 15.05 0.35 0.01 2.21 56,804 41
Class 1
02-28-20255 13.95 0.226 0.19 0.41 (0.29) - (0.29) 14.07 2.977 0.399 0.059 2.376, 9 428,866 6
08-31-2024 11.93 0.30 2.00 2.30 (0.28) - (0.28) 13.95 19.55 0.40 0.06 2.35 400,363 24
08-31-2023 11.78 0.22 0.75 0.97 (0.20) (0.62) (0.82) 11.93 9.04 0.41 0.08 1.93 341,454 23
08-31-2022 14.72 0.22 (2.31) (2.09) (0.23) (0.62) (0.85) 11.78 (15.22) 0.40 0.06 1.67 273,561 75
08-31-2021 12.13 0.20 3.00 3.20 (0.20) (0.41) (0.61) 14.72 27.16 0.37 0.05 1.51 273,588 20
08-31-2020 11.50 0.25 1.42 1.67 (0.27) (0.77) (1.04) 12.13 14.98 0.39 0.06 2.23 171,471 41
1 Based on average daily shares outstanding.
2 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests.
3 Total returns would have been lower had certain expenses not been reduced and other income not been received from the Advisor for reimbursement of indirect net expenses associated with the portfolio's investments in underlying investment companies during the applicable periods.
4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.
5 Six months ended 2-28-25. Unaudited.
6 Net investment income (loss) per share and net investment income (loss) ratio reflect other income received from the Advisor for reimbursement of indirect net expenses associated with the portfolio's investments in underlying investment companies of less than $0.005 per share and less than 0.005% (annualized) for the period ended 2-28-25.
7 Not annualized.
8 Does not reflect the effect of sales charges, if any.
9 Annualized.
10 The inception date for Class A shares is 6-21-21.
11 Portfolio turnover is shown for the period from 9-1-20 to 8-31-21.
12 Less than 0.005%.
SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS 26
Table of Contents
Financial highlights continued
2035 Lifetime Blend Portfolio
Per share operating performance for a share outstanding throughout each period Ratios and supplemental data
Income (loss) from investment operations Less distributions Ratios to average net assets
Period ended Net asset
value,
beginning
of period ($) 		Net
investment
income
(loss) ($)1, 2 		Net realized and
unrealized
gain (loss)
on investments ($) 		Total from
investment
operations ($) 		From net
investment
income ($) 		From net
realized
gain ($) 		Total
distributions ($) 		Net asset
value,
end of
period ($) 		Total
return
(%)3 		Expenses
before
reductions
(%)4 		Expenses
including
reductions
(%)4 		Net
investment
income
(loss) (%)2 		Net
assets,
end of
period
(in thousands) 		Portfolio
turnover
(%)
2035 Lifetime Blend Portfolio
Class A
02-28-20255 13.25 0.206 0.11 0.31 (0.25) - (0.25) 13.31 2.427, 8 0.769 0.419 2.296, 9 233,856 7
08-31-2024 11.50 0.25 1.75 2.00 (0.25) - (0.25) 13.25 17.648 0.78 0.44 2.08 191,546 31
08-31-2023 11.45 0.19 0.60 0.79 (0.18) (0.56) (0.74) 11.50 7.558 0.79 0.47 1.71 113,951 19
08-31-2022 14.26 0.15 (2.20) (2.05) (0.17) (0.59) (0.76) 11.45 (15.29)8 0.78 0.45 1.22 56,843 69
08-31-202110 13.64 -11 0.62 0.62 - - - 14.26 4.557, 8 0.759 0.439 (0.09)9 7,671 2412
Class R4
02-28-20255 13.25 0.216 0.11 0.32 (0.27) - (0.27) 13.30 2.587 0.719 0.259 2.426, 9 4,372 7
08-31-2024 11.49 0.28 1.75 2.03 (0.27) - (0.27) 13.25 17.92 0.72 0.28 2.30 4,687 31
08-31-2023 11.45 0.22 0.58 0.80 (0.20) (0.56) (0.76) 11.49 7.61 0.73 0.31 1.94 11,484 19
08-31-2022 14.26 0.21 (2.24) (2.03) (0.19) (0.59) (0.78) 11.45 (15.15) 0.72 0.29 1.62 9,617 69
08-31-2021 12.00 0.16 2.69 2.85 (0.18) (0.41) (0.59) 14.26 24.47 0.70 0.27 1.24 10,690 24
08-31-2020 11.40 0.15 1.42 1.57 (0.27) (0.70) (0.97) 12.00 14.15 0.71 0.29 1.39 3,970 42
Class R6
02-28-20255 13.26 0.236 0.12 0.35 (0.31) - (0.31) 13.30 2.677 0.359 -9, 13 2.686, 9 220,477 7
08-31-2024 11.50 0.30 1.76 2.06 (0.30) - (0.30) 13.26 18.18 0.37 0.03 2.49 214,657 31
08-31-2023 11.46 0.25 0.58 0.83 (0.23) (0.56) (0.79) 11.50 7.90 0.38 0.06 2.23 136,676 19
08-31-2022 14.27 0.24 (2.23) (1.99) (0.23) (0.59) (0.82) 11.46 (14.93) 0.37 0.04 1.87 115,856 69
08-31-2021 12.01 0.21 2.67 2.88 (0.21) (0.41) (0.62) 14.27 24.73 0.35 0.02 1.58 115,558 24
08-31-2020 11.40 0.25 1.35 1.60 (0.29) (0.70) (0.99) 12.01 14.45 0.36 0.03 2.27 61,944 42
Class 1
02-28-20255 13.26 0.226 0.12 0.34 (0.30) - (0.30) 13.30 2.637 0.409 0.059 2.636, 9 488,738 7
08-31-2024 11.51 0.31 1.73 2.04 (0.29) - (0.29) 13.26 18.03 0.41 0.07 2.61 481,016 31
08-31-2023 11.46 0.24 0.59 0.83 (0.22) (0.56) (0.78) 11.51 7.94 0.43 0.10 2.14 414,039 19
08-31-2022 14.27 0.23 (2.23) (2.00) (0.22) (0.59) (0.81) 11.46 (14.97) 0.41 0.08 1.81 329,648 69
08-31-2021 12.01 0.21 2.67 2.88 (0.21) (0.41) (0.62) 14.27 24.67 0.39 0.06 1.62 316,717 24
08-31-2020 11.40 0.26 1.33 1.59 (0.28) (0.70) (0.98) 12.01 14.40 0.40 0.08 2.28 210,077 42
1 Based on average daily shares outstanding.
2 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests.
3 Total returns would have been lower had certain expenses not been reduced during the applicable periods.
4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.
5 Six months ended 2-28-25. Unaudited.
6 Net investment income (loss) per share and net investment income (loss) ratio reflect other income received from the Advisor for reimbursement of indirect net expenses associated with the portfolio's investments in underlying investment companies of less than $0.005 per share and less than 0.005% (annualized) for the period ended 2-28-25.
7 Not annualized.
8 Does not reflect the effect of sales charges, if any.
9 Annualized.
10 The inception date for Class A shares is 6-21-21.
11 Less than $0.005 per share.
12 Portfolio turnover is shown for the period from 9-1-20 to 8-31-21.
13 Less than 0.005%.
27 JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | SEMIANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS
Table of Contents
2030 Lifetime Blend Portfolio
Per share operating performance for a share outstanding throughout each period Ratios and supplemental data
Income (loss) from investment operations Less distributions Ratios to average net assets
Period ended Net asset
value,
beginning
of period ($) 		Net
investment
income
(loss) ($)1, 2 		Net realized and
unrealized
gain (loss)
on investments ($) 		Total from
investment
operations ($) 		From net
investment
income ($) 		From net
realized
gain ($) 		Total
distributions ($) 		Net asset
value,
end of
period ($) 		Total
return
(%)3 		Expenses
before
reductions
(%)4 		Expenses
including
reductions
(%)4 		Net
investment
income
(loss) (%)2 		Net
assets,
end of
period
(in thousands) 		Portfolio
turnover
(%)
2030 Lifetime Blend Portfolio
Class A
02-28-20255 12.51 0.20 0.07 0.27 (0.28) - (0.28) 12.50 2.186, 7 0.788 0.428 2.588 264,693 8
08-31-2024 11.04 0.27 1.46 1.73 (0.26) - (0.26) 12.51 15.937 0.80 0.46 2.39 213,958 37
08-31-2023 11.15 0.21 0.43 0.64 (0.20) (0.55) (0.75) 11.04 6.327 0.82 0.49 1.95 125,637 16
08-31-2022 13.81 0.19 (2.08) (1.89) (0.18) (0.59) (0.77) 11.15 (14.59)7 0.80 0.47 1.58 67,199 69
08-31-20219 13.26 -10 0.55 0.55 - - - 13.81 4.156, 7 0.778 0.468 0.128 9,031 3111
Class R4
02-28-20255 12.51 0.21 0.07 0.28 (0.30) - (0.30) 12.49 2.276 0.728 0.268 2.698 5,810 8
08-31-2024 11.03 0.31 1.45 1.76 (0.28) - (0.28) 12.51 16.21 0.74 0.30 2.70 6,230 37
08-31-2023 11.15 0.24 0.41 0.65 (0.22) (0.55) (0.77) 11.03 6.37 0.76 0.33 2.21 12,187 16
08-31-2022 13.81 0.24 (2.11) (1.87) (0.20) (0.59) (0.79) 11.15 (14.44) 0.74 0.31 1.89 10,514 69
08-31-2021 11.90 0.19 2.31 2.50 (0.19) (0.40) (0.59) 13.81 21.64 0.72 0.30 1.48 11,545 31
08-31-2020 11.31 0.19 1.26 1.45 (0.27) (0.59) (0.86) 11.90 13.20 0.74 0.32 1.78 6,232 45
Class R6
02-28-20255 12.53 0.23 0.06 0.29 (0.33) - (0.33) 12.49 2.356 0.378 0.018 2.978 238,726 8
08-31-2024 11.05 0.32 1.47 1.79 (0.31) - (0.31) 12.53 16.45 0.39 0.05 2.80 235,274 37
08-31-2023 11.16 0.26 0.42 0.68 (0.24) (0.55) (0.79) 11.05 6.76 0.41 0.08 2.40 155,732 16
08-31-2022 13.82 0.27 (2.10) (1.83) (0.24) (0.59) (0.83) 11.16 (14.23) 0.39 0.06 2.15 104,775 69
08-31-2021 11.91 0.22 2.31 2.53 (0.22) (0.40) (0.62) 13.82 21.88 0.37 0.05 1.68 102,495 31
08-31-2020 11.32 0.25 1.22 1.47 (0.29) (0.59) (0.88) 11.91 13.38 0.39 0.06 2.29 46,937 45
Class 1
02-28-20255 12.52 0.22 0.07 0.29 (0.32) - (0.32) 12.49 2.396 0.428 0.068 2.928 429,918 8
08-31-2024 11.04 0.33 1.45 1.78 (0.30) - (0.30) 12.52 16.43 0.44 0.09 2.90 428,750 37
08-31-2023 11.16 0.26 0.41 0.67 (0.24) (0.55) (0.79) 11.04 6.62 0.45 0.13 2.41 389,584 16
08-31-2022 13.82 0.26 (2.10) (1.84) (0.23) (0.59) (0.82) 11.16 (14.25) 0.43 0.10 2.09 332,831 69
08-31-2021 11.91 0.23 2.29 2.52 (0.21) (0.40) (0.61) 13.82 21.83 0.41 0.09 1.77 348,410 31
08-31-2020 11.31 0.26 1.21 1.47 (0.28) (0.59) (0.87) 11.91 13.43 0.42 0.11 2.35 245,230 45
1 Based on average daily shares outstanding.
2 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests.
3 Total returns would have been lower had certain expenses not been reduced during the applicable periods.
4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.
5 Six months ended 2-28-25. Unaudited.
6 Not annualized.
7 Does not reflect the effect of sales charges, if any.
8 Annualized.
9 The inception date for Class A shares is 6-21-21.
10 Less than $0.005 per share.
11 Portfolio turnover is shown for the period from 9-1-20 to 8-31-21.
SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS 28
Table of Contents
Financial highlights continued
2025 Lifetime Blend Portfolio
Per share operating performance for a share outstanding throughout each period Ratios and supplemental data
Income (loss) from investment operations Less distributions Ratios to average net assets
Period ended Net asset
value,
beginning
of period ($) 		Net
investment
income
(loss) ($)1, 2 		Net realized and
unrealized
gain (loss)
on investments ($) 		Total from
investment
operations ($) 		From net
investment
income ($) 		From net
realized
gain ($) 		Total
distributions ($) 		Net asset
value,
end of
period ($) 		Total
return
(%)3 		Expenses
before
reductions
(%)4 		Expenses
including
reductions
(%)4 		Net
investment
income
(loss) (%)2 		Net
assets,
end of
period
(in thousands) 		Portfolio
turnover
(%)
2025 Lifetime Blend Portfolio
Class A
02-28-20255 11.77 0.20 0.02 0.22 (0.30) - (0.30) 11.69 1.946, 7 0.828 0.458 2.878 286,319 8
08-31-2024 10.57 0.30 1.18 1.48 (0.28) - (0.28) 11.77 14.257 0.85 0.51 2.73 236,640 49
08-31-2023 10.67 0.23 0.27 0.50 (0.22) (0.38) (0.60) 10.57 5.057 0.86 0.54 2.26 150,550 21
08-31-2022 13.07 0.21 (1.84) (1.63) (0.19) (0.58) (0.77) 10.67 (13.36)7 0.84 0.51 1.88 85,495 59
08-31-20219 12.62 0.01 0.44 0.45 - - - 13.07 3.576, 7 0.818 0.498 0.458 12,112 4110
Class R4
02-28-20255 11.76 0.21 0.03 0.24 (0.32) - (0.32) 11.68 2.106 0.778 0.308 3.018 2,058 8
08-31-2024 10.57 0.33 1.16 1.49 (0.30) - (0.30) 11.76 14.33 0.79 0.35 3.08 2,187 49
08-31-2023 10.66 0.26 0.26 0.52 (0.23) (0.38) (0.61) 10.57 5.32 0.80 0.38 2.49 6,192 21
08-31-2022 13.07 0.26 (1.88) (1.62) (0.21) (0.58) (0.79) 10.66 (13.30) 0.78 0.35 2.15 6,167 59
08-31-2021 11.62 0.20 1.88 2.08 (0.20) (0.43) (0.63) 13.07 18.50 0.76 0.34 1.67 7,251 41
08-31-2020 11.15 0.20 1.07 1.27 (0.28) (0.52) (0.80) 11.62 11.74 0.77 0.36 1.82 4,177 62
Class R6
02-28-20255 11.78 0.22 0.03 0.25 (0.35) - (0.35) 11.68 2.186 0.418 0.058 3.288 143,586 8
08-31-2024 10.58 0.34 1.19 1.53 (0.33) - (0.33) 11.78 14.68 0.44 0.10 3.15 149,300 49
08-31-2023 10.68 0.28 0.26 0.54 (0.26) (0.38) (0.64) 10.58 5.50 0.45 0.13 2.70 117,356 21
08-31-2022 13.09 0.28 (1.87) (1.59) (0.24) (0.58) (0.82) 10.68 (13.06) 0.43 0.10 2.39 85,455 59
08-31-2021 11.63 0.23 1.89 2.12 (0.23) (0.43) (0.66) 13.09 18.84 0.41 0.09 1.89 91,021 41
08-31-2020 11.15 0.27 1.03 1.30 (0.30) (0.52) (0.82) 11.63 11.98 0.42 0.10 2.45 43,689 62
Class 1
02-28-20255 11.77 0.22 0.02 0.24 (0.34) - (0.34) 11.67 2.136 0.468 0.098 3.268 257,300 8
08-31-2024 10.57 0.35 1.17 1.52 (0.32) - (0.32) 11.77 14.65 0.48 0.14 3.25 267,940 49
08-31-2023 10.67 0.28 0.25 0.53 (0.25) (0.38) (0.63) 10.57 5.45 0.49 0.17 2.69 278,000 21
08-31-2022 13.08 0.28 (1.88) (1.60) (0.23) (0.58) (0.81) 10.67 (13.10) 0.47 0.14 2.35 261,009 59
08-31-2021 11.62 0.24 1.88 2.12 (0.23) (0.43) (0.66) 13.08 18.81 0.45 0.13 1.94 273,108 41
08-31-2020 11.14 0.27 1.02 1.29 (0.29) (0.52) (0.81) 11.62 11.94 0.46 0.15 2.46 205,297 62
1 Based on average daily shares outstanding.
2 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests.
3 Total returns would have been lower had certain expenses not been reduced during the applicable periods.
4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.
5 Six months ended 2-28-25. Unaudited.
6 Not annualized.
7 Does not reflect the effect of sales charges, if any.
8 Annualized.
9 The inception date for Class A shares is 6-21-21.
10 Portfolio turnover is shown for the period from 9-1-20 to 8-31-21.
29 JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | SEMIANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS
Table of Contents
2020 Lifetime Blend Portfolio
Per share operating performance for a share outstanding throughout each period Ratios and supplemental data
Income (loss) from investment operations Less distributions Ratios to average net assets
Period ended Net asset
value,
beginning
of period ($) 		Net
investment
income
(loss) ($)1, 2 		Net realized and
unrealized
gain (loss)
on investments ($) 		Total from
investment
operations ($) 		From net
investment
income ($) 		From net
realized
gain ($) 		Total
distributions ($) 		Net asset
value,
end of
period ($) 		Total
return
(%)3 		Expenses
before
reductions
(%)4 		Expenses
including
reductions
(%)4 		Net
investment
income
(loss) (%)2 		Net
assets,
end of
period
(in thousands) 		Portfolio
turnover
(%)
2020 Lifetime Blend Portfolio
Class A
02-28-20255 11.18 0.19 0.01 0.20 (0.31) - (0.31) 11.07 1.836, 7 0.888 0.498 3.068 145,869 12
08-31-2024 10.15 0.31 1.01 1.32 (0.29) - (0.29) 11.18 13.237 0.92 0.55 2.96 124,547 59
08-31-2023 10.19 0.25 0.18 0.43 (0.23) (0.24) (0.47) 10.15 4.527 0.93 0.59 2.49 92,504 23
08-31-2022 12.40 0.23 (1.65) (1.42) (0.20) (0.59) (0.79) 10.19 (12.31)7 0.94 0.57 2.16 58,199 54
08-31-20219 12.04 0.01 0.35 0.36 - - - 12.40 2.996, 7 0.918 0.558 0.568 8,174 4810
Class R4
02-28-20255 11.16 0.20 0.01 0.21 (0.32) - (0.32) 11.05 2.016 0.828 0.338 3.218 1,284 12
08-31-2024 10.14 0.34 0.99 1.33 (0.31) - (0.31) 11.16 13.32 0.86 0.39 3.31 1,278 59
08-31-2023 10.18 0.27 0.18 0.45 (0.25) (0.24) (0.49) 10.14 4.68 0.87 0.43 2.71 3,448 23
08-31-2022 12.39 0.27 (1.67) (1.40) (0.22) (0.59) (0.81) 10.18 (12.17) 0.87 0.41 2.36 3,551 54
08-31-2021 11.34 0.22 1.44 1.66 (0.22) (0.39) (0.61) 12.39 15.08 0.86 0.40 1.89 5,186 48
08-31-2020 11.01 0.24 0.80 1.04 (0.29) (0.42) (0.71) 11.34 9.66 0.86 0.39 2.26 4,746 78
Class R6
02-28-20255 11.20 0.21 0.01 0.22 (0.35) - (0.35) 11.07 2.066 0.478 0.088 3.438 62,342 12
08-31-2024 10.17 0.35 1.01 1.36 (0.33) - (0.33) 11.20 13.65 0.50 0.14 3.35 61,553 59
08-31-2023 10.21 0.29 0.18 0.47 (0.27) (0.24) (0.51) 10.17 4.94 0.52 0.18 2.92 53,407 23
08-31-2022 12.42 0.30 (1.67) (1.37) (0.25) (0.59) (0.84) 10.21 (11.92) 0.53 0.16 2.62 42,809 54
08-31-2021 11.36 0.25 1.45 1.70 (0.25) (0.39) (0.64) 12.42 15.41 0.51 0.14 2.12 47,943 48
08-31-2020 11.02 0.27 0.80 1.07 (0.31) (0.42) (0.73) 11.36 9.97 0.51 0.13 2.52 38,491 78
Class 1
02-28-20255 11.18 0.21 0.02 0.23 (0.35) - (0.35) 11.06 2.116 0.528 0.128 3.438 96,623 12
08-31-2024 10.15 0.36 1.00 1.36 (0.33) - (0.33) 11.18 13.63 0.55 0.19 3.42 109,238 59
08-31-2023 10.20 0.29 0.17 0.46 (0.27) (0.24) (0.51) 10.15 4.79 0.57 0.23 2.89 120,362 23
08-31-2022 12.41 0.29 (1.67) (1.38) (0.24) (0.59) (0.83) 10.20 (11.96) 0.57 0.20 2.58 113,942 54
08-31-2021 11.35 0.25 1.44 1.69 (0.24) (0.39) (0.63) 12.41 15.37 0.55 0.19 2.11 137,412 48
08-31-2020 11.01 0.29 0.77 1.06 (0.30) (0.42) (0.72) 11.35 9.93 0.54 0.18 2.70 107,158 78
1 Based on average daily shares outstanding.
2 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests.
3 Total returns would have been lower had certain expenses not been reduced during the applicable periods.
4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.
5 Six months ended 2-28-25. Unaudited.
6 Not annualized.
7 Does not reflect the effect of sales charges, if any.
8 Annualized.
9 The inception date for Class A shares is 6-21-21.
10 Portfolio turnover is shown for the period from 9-1-20 to 8-31-21.
SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS 30
Table of Contents
Financial highlights continued
2015 Lifetime Blend Portfolio
Per share operating performance for a share outstanding throughout each period Ratios and supplemental data
Income (loss) from investment operations Less distributions Ratios to average net assets
Period ended Net asset
value,
beginning
of period ($) 		Net
investment
income
(loss) ($)1, 2 		Net realized and
unrealized
gain (loss)
on investments ($) 		Total from
investment
operations ($) 		From net
investment
income ($) 		From net
realized
gain ($) 		Total
distributions ($) 		Net asset
value,
end of
period ($) 		Total
return
(%)3 		Expenses
before
reductions
(%)4 		Expenses
including
reductions
(%)4 		Net
investment
income
(loss) (%)2 		Net
assets,
end of
period
(in thousands) 		Portfolio
turnover
(%)
2015 Lifetime Blend Portfolio
Class A
02-28-20255 10.68 0.19 - 0.19 (0.31) - (0.31) 10.56 1.896, 7 1.008 0.508 3.238 37,895 12
08-31-2024 9.76 0.31 0.89 1.20 (0.28) - (0.28) 10.68 12.507 1.06 0.57 3.13 33,628 68
08-31-2023 9.79 0.25 0.15 0.40 (0.24) (0.19) (0.43) 9.76 4.307 1.09 0.61 2.62 25,675 28
08-31-2022 11.76 0.24 (1.51) (1.27) (0.19) (0.51) (0.70) 9.79 (11.55)7 1.11 0.58 2.34 12,908 64
08-31-20219 11.46 0.02 0.28 0.30 - - - 11.76 2.626, 7 1.128 0.578 0.818 1,932 5810
Class R4
02-28-20255 10.67 0.19 0.01 0.20 (0.33) - (0.33) 10.54 1.976 0.948 0.348 3.378 101 12
08-31-2024 9.75 0.36 0.86 1.22 (0.30) - (0.30) 10.67 12.68 0.99 0.40 3.61 92 68
08-31-2023 9.78 0.27 0.14 0.41 (0.25) (0.19) (0.44) 9.75 4.45 1.03 0.45 2.82 524 28
08-31-2022 11.75 0.27 (1.52) (1.25) (0.21) (0.51) (0.72) 9.78 (11.41) 1.06 0.42 2.50 592 64
08-31-2021 11.00 0.22 1.16 1.38 (0.21) (0.42) (0.63) 11.75 13.00 1.07 0.41 1.98 672 58
08-31-2020 10.82 0.22 0.67 0.89 (0.30) (0.41) (0.71) 11.00 8.45 1.11 0.40 2.12 1,582 99
Class R6
02-28-20255 10.69 0.21 0.01 0.22 (0.36) - (0.36) 10.55 2.116 0.598 0.108 3.678 28,546 12
08-31-2024 9.77 0.35 0.89 1.24 (0.32) - (0.32) 10.69 12.92 0.65 0.16 3.49 25,499 68
08-31-2023 9.81 0.29 0.13 0.42 (0.27) (0.19) (0.46) 9.77 4.61 0.68 0.20 3.02 18,648 28
08-31-2022 11.77 0.30 (1.51) (1.21) (0.24) (0.51) (0.75) 9.81 (11.08) 0.71 0.17 2.76 17,101 64
08-31-2021 11.02 0.26 1.15 1.41 (0.24) (0.42) (0.66) 11.77 13.24 0.72 0.16 2.27 19,660 58
08-31-2020 10.82 0.28 0.64 0.92 (0.31) (0.41) (0.72) 11.02 8.81 0.76 0.14 2.63 15,783 99
Class 1
02-28-20255 10.69 0.20 0.01 0.21 (0.35) - (0.35) 10.55 2.066 0.648 0.148 3.558 28,705 12
08-31-2024 9.77 0.36 0.88 1.24 (0.32) - (0.32) 10.69 12.88 0.69 0.20 3.60 29,791 68
08-31-2023 9.80 0.29 0.15 0.44 (0.28) (0.19) (0.47) 9.77 4.71 0.72 0.24 3.01 33,628 28
08-31-2022 11.77 0.30 (1.53) (1.23) (0.23) (0.51) (0.74) 9.80 (11.20) 0.75 0.22 2.74 32,841 64
08-31-2021 11.02 0.25 1.16 1.41 (0.24) (0.42) (0.66) 11.77 13.19 0.76 0.21 2.23 34,767 58
08-31-2020 10.82 0.29 0.63 0.92 (0.31) (0.41) (0.72) 11.02 8.76 0.80 0.19 2.72 28,901 99
1 Based on average daily shares outstanding.
2 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests.
3 Total returns would have been lower had certain expenses not been reduced during the applicable periods.
4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.
5 Six months ended 2-28-25. Unaudited.
6 Not annualized.
7 Does not reflect the effect of sales charges, if any.
8 Annualized.
9 The inception date for Class A shares is 6-21-21.
10 Portfolio turnover is shown for the period from 9-1-20 to 8-31-21.
31 JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | SEMIANNUAL REPORT SEE NOTES TO FINANCIAL STATEMENTS
Table of Contents
2010 Lifetime Blend Portfolio
Per share operating performance for a share outstanding throughout each period Ratios and supplemental data
Income (loss) from investment operations Less distributions Ratios to average net assets
Period ended Net asset
value,
beginning
of period ($) 		Net
investment
income
(loss) ($)1, 2 		Net realized and
unrealized
gain (loss)
on investments ($) 		Total from
investment
operations ($) 		From net
investment
income ($) 		From net
realized
gain ($) 		Total
distributions ($) 		Net asset
value,
end of
period ($) 		Total
return
(%)3 		Expenses
before
reductions
(%)4 		Expenses
including
reductions
(%)4 		Net
investment
income
(loss) (%)2 		Net
assets,
end of
period
(in thousands) 		Portfolio
turnover
(%)
2010 Lifetime Blend Portfolio
Class A
02-28-20255 10.33 0.18 0.01 0.19 (0.32) - (0.32) 10.20 1.906, 7 1.078 0.518 3.398 20,740 16
08-31-2024 9.54 0.32 0.77 1.09 (0.30) - (0.30) 10.33 11.577 1.14 0.58 3.28 16,302 74
08-31-2023 9.67 0.27 0.09 0.36 (0.27) (0.22) (0.49) 9.54 4.027 1.20 0.63 2.84 10,298 35
08-31-2022 11.49 0.26 (1.42) (1.16) (0.21) (0.45) (0.66) 9.67 (10.72)7 1.26 0.60 2.55 3,404 69
08-31-20219 11.23 0.04 0.22 0.26 - - - 11.49 2.326, 7 1.258 0.598 1.798 79 6210
Class R4
02-28-20255 10.33 0.20 - 0.20 (0.34) - (0.34) 10.19 2.076 0.908 0.258 3.658 50 16
08-31-2024 9.53 0.35 0.76 1.11 (0.31) - (0.31) 10.33 11.86 1.03 0.37 3.64 50 74
08-31-2023 9.66 0.29 0.09 0.38 (0.29) (0.22) (0.51) 9.53 4.19 1.12 0.45 3.04 113 35
08-31-2022 11.48 0.29 (1.43) (1.14) (0.23) (0.45) (0.68) 9.66 (10.58) 1.18 0.42 2.71 218 69
08-31-2021 10.84 0.24 0.96 1.20 (0.22) (0.34) (0.56) 11.48 11.36 1.16 0.40 2.14 241 62
08-31-2020 10.53 0.25 0.57 0.82 (0.27) (0.24) (0.51) 10.84 7.92 1.25 0.38 2.44 207 96
Class R6
02-28-20255 10.34 0.20 0.01 0.21 (0.36) - (0.36) 10.19 2.126 0.668 0.118 3.778 15,606 16
08-31-2024 9.55 0.36 0.76 1.12 (0.33) - (0.33) 10.34 12.00 0.73 0.17 3.68 13,973 74
08-31-2023 9.68 0.30 0.10 0.40 (0.31) (0.22) (0.53) 9.55 4.46 0.79 0.22 3.15 10,672 35
08-31-2022 11.50 0.31 (1.42) (1.11) (0.26) (0.45) (0.71) 9.68 (10.34) 0.86 0.19 2.92 7,161 69
08-31-2021 10.86 0.26 0.96 1.22 (0.24) (0.34) (0.58) 11.50 11.57 0.84 0.18 2.33 7,176 62
08-31-2020 10.55 0.32 0.51 0.83 (0.28) (0.24) (0.52) 10.86 8.09 0.92 0.14 3.05 4,651 96
Class 1
02-28-20255 10.33 0.20 0.01 0.21 (0.35) - (0.35) 10.19 2.186 0.708 0.158 3.718 35,782 16
08-31-2024 9.54 0.36 0.76 1.12 (0.33) - (0.33) 10.33 11.97 0.77 0.22 3.73 36,707 74
08-31-2023 9.67 0.30 0.10 0.40 (0.31) (0.22) (0.53) 9.54 4.43 0.83 0.26 3.14 38,203 35
08-31-2022 11.49 0.30 (1.41) (1.11) (0.26) (0.45) (0.71) 9.67 (10.38) 0.90 0.23 2.89 33,971 69
08-31-2021 10.85 0.26 0.95 1.21 (0.23) (0.34) (0.57) 11.49 11.53 0.88 0.22 2.32 33,215 62
08-31-2020 10.54 0.28 0.55 0.83 (0.28) (0.24) (0.52) 10.85 8.04 0.96 0.19 2.74 27,389 96
1 Based on average daily shares outstanding.
2 Net investment income is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the portfolio invests.
3 Total returns would have been lower had certain expenses not been reduced during the applicable periods.
4 Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the portfolio.
5 Six months ended 2-28-25. Unaudited.
6 Not annualized.
7 Does not reflect the effect of sales charges, if any.
8 Annualized.
9 The inception date for Class A shares is 6-21-21.
10 Portfolio turnover is shown for the period from 9-1-20 to 8-31-21.
SEE NOTES TO FINANCIAL STATEMENTS SEMIANNUAL REPORT | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS 32
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Notes to financial statements (unaudited)
Note 1-Organization
John Hancock Funds II (the Trust) is an open-end management investment company organized as a Massachusetts business trust. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act). It is a series company with multiple investment series, twelve of which are presented in this report (collectively, the Lifetime Blend Portfolios, or the portfolios and individually, the portfolio). The portfolios operate as "funds of funds" that may invest in affiliated underlying funds of the Trust, other funds in the John Hancock group of funds complex, non-John Hancock funds and certain other permitted investments.
The portfolios may offer multiple classes of shares. The shares currently offered by the portfolios are detailed in the Statements of assets and liabilities. Class A shares are offered to all investors. Class R4 shares are available only to certain retirement and 529 plans. Class R6 shares are only available to certain retirement plans, institutions and other investors. Class 1 shares are offered only to certain affiliates of Manulife Financial Corporation. Shareholders of each class have exclusive voting rights to matters that affect that class. The distribution and service fees, if any, and transfer agent fees for each class may differ.
The investment objective of each portfolio is to seek high total return through each portfolio's target retirement dates, with a greater focus on income beyond the target dates. Total return, commonly understood as the combination of income and capital appreciation, includes interest, capital gains, dividends, and distributions realized over a given period of time.
The accounting policies of the underlying funds in which the portfolios invest are outlined in the underlying funds' shareholder reports, which include the underlying funds' financial statements. These are available on the Securities and Exchange Commission (SEC) website at sec.gov. John Hancock underlying funds' shareholder reports are also available without charge by calling 800-225-5291 or visiting jhinvestments.com. The underlying funds are not covered by this report.
Note 2-Significant accounting policies
The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (US GAAP), which require management to make certain estimates and assumptions as of the date of the financial statements. Actual results could differ from those estimates and those differences could be significant. The portfolios qualify as investment companies under Topic 946 of Accounting Standards Codification of US GAAP.
Events or transactions occurring after the end of the fiscal period through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the portfolios:
Security valuation. Investments are stated at value as of the scheduled close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 P.M., Eastern Time. In case of emergency or other disruption resulting in the NYSE not opening for trading or the NYSE closing at a time other than the regularly scheduled close, the net asset value (NAV) may be determined as of the regularly scheduled close of the NYSE pursuant to the Valuation Policies and Procedures of the Advisor, John Hancock Investment Management LLC, the portfolios' valuation designee.
In order to value the securities, the portfolios use the following valuation techniques: Investments by the portfolios in underlying affiliated funds and other open-end mutual funds, including John Hancock Collateral Trust (JHCT), are valued at their respective NAVs each business day. Equity securities, including exchange-traded funds or closed-end funds, held by the portfolios are typically valued at the last sale price or official closing price on the exchange or principal market where the security trades. In the event there were no sales during the day or closing prices are not available, the securities are valued using the last available bid price. Debt obligations are typically valued based on evaluated prices provided by an independent pricing vendor. Independent pricing vendors utilize matrix pricing, which takes into account factors such as institutional-size trading in similar groups of securities, yield, quality, coupon rate, maturity, type of issue, trading characteristics and other market data, as well as broker supplied prices. Foreign securities and currencies are valued in U.S. dollars based on foreign currency exchange rates supplied by an independent pricing vendor.
In certain instances, the Pricing Committee of the Advisor may determine to value equity securities using prices obtained from another exchange or market if trading on the exchange or market on which prices are typically obtained did not open for trading as scheduled, or if trading closed earlier than scheduled, and trading occurred as normal on another exchange or market.
Other portfolio securities and assets, for which reliable market quotations are not readily available, are valued at fair value as determined in good faith by the Pricing Committee following procedures established by the Advisor and adopted by the Board of Trustees. The frequency with which these fair valuation procedures are used cannot be predicted and fair value of securities may differ significantly from the value that would have been used had a ready market for such securities existed. Trading in foreign securities may be completed before the scheduled daily close of trading on the NYSE. Significant events at the issuer or market level may affect the values of securities between the time when the valuation of the securities is generally determined and the close of the NYSE. If a significant event occurs, these securities may be fair valued, as determined in good faith by the Pricing Committee, following procedures established by the Advisor and adopted by the Board of Trustees. The Advisor uses fair value adjustment factors provided by an independent pricing vendor to value certain foreign securities in order to adjust for events that may occur between the close of foreign exchanges or markets and the close of the NYSE.
The portfolios use a three tier hierarchy to prioritize the pricing assumptions, referred to as inputs, used in valuation techniques to measure fair value. Level 1 includes securities valued using quoted prices in active markets for identical securities, including registered investment companies. Level 2 includes securities valued using other significant observable inputs. Observable inputs may include quoted prices for similar securities, interest rates, prepayment speeds and credit risk. Prices for securities valued using these inputs are received from independent pricing vendors and brokers and are based on an evaluation of the inputs described. Level 3 includes securities valued using significant unobservable inputs when market prices are not readily available or reliable, including the Advisor's assumptions in determining the fair value of investments. Factors used in determining value may include market or issuer specific events or trends, changes in interest rates and credit quality. The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. Changes in valuation techniques and related inputs may result in transfers into or out of an assigned level within the disclosure hierarchy.
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The following is a summary of the values by input classification of the portfolios' investments as of February 28, 2025, by major security category or type:
Total
value at
2-28-25 		Level 1
quoted price 		Level 2
significant
observable
inputs 		Level 3
significant
unobservable
inputs
2065 Lifetime Blend Portfolio
Investments in securities:
Assets
Affiliated investment companies $57,864,954 $57,864,954 - -
Unaffiliated investment companies 36,476,543 36,476,543 - -
Common stocks 762 - - $762
U.S. Government and Agency obligations 864,676 - $864,676 -
Short-term investments 3,018 3,018 - -
Total investments in securities $95,209,953 $94,344,515 $864,676 $762
2060 Lifetime Blend Portfolio
Investments in securities:
Assets
Affiliated investment companies $166,697,513 $166,697,513 - -
Unaffiliated investment companies 105,729,032 105,729,032 - -
Common stocks 5,911 - - $5,911
U.S. Government and Agency obligations 2,809,509 - $2,809,509 -
Short-term investments 1,958 1,958 - -
Total investments in securities $275,243,923 $272,428,503 $2,809,509 $5,911
2055 Lifetime Blend Portfolio
Investments in securities:
Assets
Affiliated investment companies $285,656,938 $285,656,938 - -
Unaffiliated investment companies 179,727,219 179,727,219 - -
Common stocks 12,376 - - $12,376
U.S. Government and Agency obligations 4,937,989 - $4,937,989 -
Short-term investments 1,603 1,603 - -
Total investments in securities $470,336,125 $465,385,760 $4,937,989 $12,376
2050 Lifetime Blend Portfolio
Investments in securities:
Assets
Affiliated investment companies $367,282,040 $367,282,040 - -
Unaffiliated investment companies 230,859,144 230,859,144 - -
Common stocks 16,953 - - $16,953
U.S. Government and Agency obligations 6,354,167 - $6,354,167 -
Short-term investments 3,767 3,767 - -
Total investments in securities $604,516,071 $598,144,951 $6,354,167 $16,953
2045 Lifetime Blend Portfolio
Investments in securities:
Assets
Affiliated investment companies $424,835,300 $424,835,300 - -
Unaffiliated investment companies 283,914,593 283,914,593 - -
Common stocks 21,644 - - $21,644
U.S. Government and Agency obligations 13,011,971 - $13,011,971 -
Short-term investments 2,087 2,087 - -
Total investments in securities $721,785,595 $708,751,980 $13,011,971 $21,644
2040 Lifetime Blend Portfolio
Investments in securities:
Assets
| JOHN HANCOCK LIFETIME BLEND PORTFOLIOS 34
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Total
value at
2-28-25 		Level 1
quoted price 		Level 2
significant
observable
inputs 		Level 3
significant
unobservable
inputs
2040 Lifetime Blend Portfolio (continued)
Affiliated investment companies $471,926,136 $471,926,136 - -
Unaffiliated investment companies 336,755,899 336,755,899 - -
Common stocks 20,861 - - $20,861
U.S. Government and Agency obligations 19,510,094 - $19,510,094 -
Short-term investments 4,555,700 4,555,700 - -
Total investments in securities $832,768,690 $813,237,735 $19,510,094 $20,861
2035 Lifetime Blend Portfolio
Investments in securities:
Assets
Affiliated investment companies $539,940,276 $539,940,276 - -
Unaffiliated investment companies 379,131,166 379,131,166 - -
Common stocks 22,327 - - $22,327
U.S. Government and Agency obligations 28,026,891 - $28,026,891 -
Short-term investments 10,506,063 10,506,063 - -
Total investments in securities $957,626,723 $929,577,505 $28,026,891 $22,327
2030 Lifetime Blend Portfolio
Investments in securities:
Assets
Affiliated investment companies $509,298,721 $509,298,721 - -
Unaffiliated investment companies 385,320,673 385,320,673 - -
Common stocks 20,002 - - $20,002
U.S. Government and Agency obligations 44,063,583 - $44,063,583 -
Short-term investments 1,317 1,317 - -
Total investments in securities $938,704,296 $894,620,711 $44,063,583 $20,002
2025 Lifetime Blend Portfolio
Investments in securities:
Assets
Affiliated investment companies $350,420,513 $350,420,513 - -
Unaffiliated investment companies 299,072,799 299,072,799 - -
Common stocks 13,481 - - $13,481
U.S. Government and Agency obligations 39,575,903 - $39,575,903 -
Short-term investments 3,299 3,299 - -
Total investments in securities $689,085,995 $649,496,611 $39,575,903 $13,481
2020 Lifetime Blend Portfolio
Investments in securities:
Assets
Affiliated investment companies $141,781,895 $141,781,895 - -
Unaffiliated investment companies 143,125,642 143,125,642 - -
Common stocks 4,158 - - $4,158
U.S. Government and Agency obligations 21,099,641 - $21,099,641 -
Short-term investments 15,368 15,368 - -
Total investments in securities $306,026,704 $284,922,905 $21,099,641 $4,158
2015 Lifetime Blend Portfolio
Investments in securities:
Assets
35 JOHN HANCOCK LIFETIME BLEND PORTFOLIOS |
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Total
value at
2-28-25 		Level 1
quoted price 		Level 2
significant
observable
inputs 		Level 3
significant
unobservable
inputs
2015 Lifetime Blend Portfolio (continued)
Affiliated investment companies $41,773,439 $41,773,439 - -
Unaffiliated investment companies 46,110,565 46,110,565 - -
Common stocks 1,069 - - $1,069
U.S. Government and Agency obligations 7,343,354 - $7,343,354 -
Short-term investments 2,291 2,291 - -
Total investments in securities $95,230,718 $87,886,295 $7,343,354 $1,069
2010 Lifetime Blend Portfolio
Investments in securities:
Assets
Affiliated investment companies $29,534,994 $29,534,994 - -
Unaffiliated investment companies 36,280,406 36,280,406 - -
Common stocks 572 - - $572
U.S. Government and Agency obligations 6,337,105 - $6,337,105 -
Short-term investments 44,773 44,773 - -
Total investments in securities $72,197,850 $65,860,173 $6,337,105 $572
Level 3 includes securities valued at $0. Refer to Portfolios' investments.
Inflation-indexed bonds.Inflation-indexed bonds are securities that generally have a lower coupon interest rate fixed at issuance but whose principal value is periodically adjusted based on a rate of inflation, such as the Consumer Price Index. Over the life of an inflation-indexed bond, interest is paid on the inflation adjusted principal value as described above. Increases in the principal amount of these securities are recorded as interest income. Decreases in the principal amount of these securities may reduce interest income to the extent of income previously recorded. If these decreases are in excess of income previously recorded, an adjustment to the cost of the security is made.
Stripped securities.Stripped securities are financial instruments structured to separate principal and interest cash flows so that one class receives principal payments from the underlying assets (PO or principal only), while the other class receives the interest cash flows (IO or interest only). Both PO and IO investments represent an interest in the cash flows of an underlying stripped security. If the underlying assets experience greater than anticipated prepayments of principal, the portfolios may fail to fully recover its initial investment in an IO security. The market value of these securities can be extremely volatile in response to changes in interest rates or prepayments on the underlying securities. In addition, these securities present additional credit risk such that the portfolios may not receive all or part of its principal or interest payments because the borrower or issuer has defaulted on its obligation.
Real estate investment trusts.The portfolios may invest in real estate investment trusts (REITs). Distributions from REITs may be recorded as income and subsequently characterized by the REIT at the end of their fiscal year as a reduction of cost of investments and/or as a realized gain. As a result, the portfolios will estimate the components of distributions from these securities. Such estimates are revised when the actual components of the distributions are known.
Security transactions and related investment income.Investment security transactions are accounted for on a trade date plus one basis for daily NAV calculations. However, for financial reporting purposes, investment transactions are reported on trade date. Interest income is accrued as earned. Interest income includes coupon interest and amortization/accretion of premiums/discounts on debt securities. Debt obligations may be placed in a non-accrual status and related interest income may be reduced by stopping current accruals and writing off interest receivable when the collection of all or a portion of interest has become doubtful. Capital gain distributions from underlying funds are recorded on ex-date and reflected as realized gains. Dividend income is recorded on ex-date, except for dividends of certain foreign securities where the dividend may not be known until after the ex-date. In those cases, dividend income, net of withholding taxes, is recorded when the portfolio becomes aware of the dividends. Non-cash dividends, if any, are recorded at the fair market value of the securities received. Gains and losses on securities sold are determined on the basis of identified cost and may include proceeds from litigation.
Securities lending.The portfolios may lend their securities to earn additional income. The portfolios receive collateral from the borrower in an amount not less than the market value of the loaned securities. The portfolios may invest their cash collateral in JHCT, an affiliate of the portfolios, which has a floating NAV and is registered with the SEC as an investment company. JHCT is a government money market fund and invests in U.S. Government securities and/or repurchase agreements. Prior to September 27, 2024, JHCT was a prime money market fund investing in short-term money market investments. Each portfolio will receive the benefit of any gains and bear any losses generated by JHCT with respect to the cash collateral.
The portfolios have the right to recall loaned securities on demand. If a borrower fails to return loaned securities when due, then the lending agent is responsible and indemnifies the portfolios for the lent securities. The lending agent uses the collateral received from the borrower to purchase replacement securities of the same issue, type, class and series of the loaned securities. If the value of the collateral is less than the purchase cost of replacement securities, the lending agent is responsible for satisfying the shortfall but only to the extent that the shortfall is not due to any decrease in the value of JHCT.
Although the risk of loss on securities lent is mitigated by receiving collateral from the borrower and through lending agent indemnification, the portfolios could experience a delay in recovering securities or could experience a lower than expected return if the borrower fails to return the securities on a timely basis. During the
| JOHN HANCOCK LIFETIME BLEND PORTFOLIOS 36
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existence of the loan, the portfolios will receive from the borrower amounts equivalent to any dividends, interest or other distributions on the loaned securities, as well as interest on such amounts. The portfolios receive compensation for lending their securities by retaining a portion of the return on the investment of the collateral and compensation from fees earned from borrowers of the securities. Securities lending income received by the portfolios is net of fees retained by the securities lending agent. Net income received from JHCT is a component of securities lending income as recorded on the Statements of operations.
Obligations to repay collateral received by the portfolios are shown on the Statements of assets and liabilities as Payable upon return of securities loaned and are secured by the loaned securities. The following table summarizes the values of securities loaned by the portfolios and the corresponding cash collateral received at February 28, 2025:
Portfolio Market value of securities on loan Cash collateral received
2040 Lifetime Blend Portfolio $4,453,263 $4,545,950
2035 Lifetime Blend Portfolio 10,288,250 10,502,125
Foreign investing.Assets, including investments, and liabilities denominated in foreign currencies are translated into U.S. dollar values each day at the prevailing exchange rate. Purchases and sales of securities, income and expenses are translated into U.S. dollars at the prevailing exchange rate on the date of the transaction. The effect of changes in foreign currency exchange rates on the value of securities is reflected as a component of the realized and unrealized gains (losses) on investments. Foreign investments are subject to a decline in the value of a foreign currency versus the U.S. dollar, which reduces the dollar value of securities denominated in that currency.
Portfolios that invest internationally generally carry more risk than portfolios that invest strictly in U.S. securities. Risks can result from differences in economic and political conditions, regulations, market practices (including higher transaction costs), accounting standards and other factors.
Overdraft.The portfolios may have the ability to borrow from banks for temporary or emergency purposes, including meeting redemption requests that otherwise might require the untimely sale of securities. Pursuant to the portfolios' custodian agreement, the custodian may loan money to the portfolios to make properly authorized payments. The portfolios are obligated to repay the custodian for any overdraft, including any related costs or expenses. The custodian may have a lien, security interest or security entitlement in any portfolio property that is not otherwise segregated or pledged, to the extent of any overdraft, and to the maximum extent permitted by law. Overdrafts at period end, if any, are presented under the caption Due to custodian in the Statements of assets and liabilities.
Line of credit.The portfolios and other affiliated funds have entered into a syndicated line of credit agreement with Citibank, N.A. as the administrative agent that enables them to participate in a $1 billion unsecured committed line of credit, which is in effect through July 14, 2025 unless extended or renewed. Excluding commitments designated for certain funds and subject to the needs of all other affiliated funds, a portfolio can borrow up to an aggregate commitment amount of $750 million, subject to asset coverage and other limitations as specified in the agreement. A commitment fee payable at the end of each calendar quarter, based on the average daily unused portion of the line of credit, is charged to each participating portfolio based on an asset-based allocation and is reflected in Other expenses on the Statements of operations.
Commitment fees for the six months ended February 28, 2025 were as follows:
Portfolio Commitment fee
2065 Lifetime Blend Portfolio $206
2060 Lifetime Blend Portfolio 671
2055 Lifetime Blend Portfolio 1,181
2050 Lifetime Blend Portfolio 1,517
2045 Lifetime Blend Portfolio 1,827
2040 Lifetime Blend Portfolio 2,102
2035 Lifetime Blend Portfolio 2,452
2030 Lifetime Blend Portfolio 2,442
2025 Lifetime Blend Portfolio 1,813
2020 Lifetime Blend Portfolio 826
2015 Lifetime Blend Portfolio 248
2010 Lifetime Blend Portfolio 187
Expenses. Within the John Hancock group of funds complex, expenses that are directly attributable to an individual portfolio are allocated to such portfolio. Expenses that are not readily attributable to a specific portfolio are allocated among all portfolios in an equitable manner, taking into consideration, among other things, the nature and type of expense and each portfolio's relative net assets. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.
Class allocations.Income, common expenses and realized and unrealized gains (losses) are determined at the portfolio level and allocated daily to each class of shares based on the net assets of the class. Class-specific expenses, such as distribution and service fees, if any, and transfer agent fees, for all classes, are charged daily at the class level based on the net assets of each class and the specific expense rates applicable to each class.
Federal income taxes.Each portfolio intends to continue to qualify as a regulated investment company by complying with the applicable provisions of the Internal Revenue Code and will not be subject to federal income tax on taxable income that is distributed to shareholders. Therefore, no federal income tax provision is required.
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For federal income tax purposes, as of August 31, 2024, certain portfolios have capital loss carryforwards available to offset future net realized capital gains. The following table details the capital loss carryforwards available as of August 31, 2024:
No Expiration Date
Portfolio Short Term Long Term
2060 Lifetime Blend Portfolio $315,972 $361,458
2055 Lifetime Blend Portfolio 1,743,117 1,346,599
2050 Lifetime Blend Portfolio 3,341,487 2,918,029
2045 Lifetime Blend Portfolio 2,648,796 2,767,333
2040 Lifetime Blend Portfolio 519,350 8,211,829
2035 Lifetime Blend Portfolio - 15,620,774
2030 Lifetime Blend Portfolio - 22,681,914
2025 Lifetime Blend Portfolio - 21,655,505
2020 Lifetime Blend Portfolio - 10,910,471
2015 Lifetime Blend Portfolio - 2,911,737
2010 Lifetime Blend Portfolio - 1,916,950
As of August 31, 2024, the portfolios had no uncertain tax positions that would require financial statement recognition, derecognition or disclosure. The portfolios' federal tax returns are subject to examination by the Internal Revenue Service for a period of three years.
For federal income tax purposes, the costs of investments owned on February 28, 2025, including short-term investments, were as follows:
Portfolio Aggregate
cost 		Unrealized
appreciation 		Unrealized
(depreciation) 		Net unrealized
appreciation/
(depreciation)
2065 Lifetime Blend Portfolio $85,610,344 $9,662,601 $(62,992) $9,599,609
2060 Lifetime Blend Portfolio 236,829,804 38,622,013 (207,894) 38,414,119
2055 Lifetime Blend Portfolio 401,472,165 69,249,997 (386,037) 68,863,960
2050 Lifetime Blend Portfolio 514,431,183 90,585,788 (500,900) 90,084,888
2045 Lifetime Blend Portfolio 622,463,212 101,008,490 (1,686,107) 99,322,383
2040 Lifetime Blend Portfolio 729,857,140 105,902,688 (2,991,138) 102,911,550
2035 Lifetime Blend Portfolio 855,340,419 106,713,744 (4,427,440) 102,286,304
2030 Lifetime Blend Portfolio 854,941,385 88,442,093 (4,679,182) 83,762,911
2025 Lifetime Blend Portfolio 643,011,691 49,031,612 (2,957,308) 46,074,304
2020 Lifetime Blend Portfolio 290,839,748 16,506,567 (1,319,611) 15,186,956
2015 Lifetime Blend Portfolio 91,377,354 4,025,398 (172,034) 3,853,364
2010 Lifetime Blend Portfolio 70,613,377 1,630,675 (46,202) 1,584,473
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 portfolios generally declare and pay dividends and capital gain distributions, if any, annually.
Distributions paid by the portfolios with respect to each class of shares are calculated in the same manner, at the same time and in the same amount, except for the effect of class level expenses that may be applied differently to each class.
Such distributions, on a tax basis, if any, are determined in conformity with income tax regulations, which may differ from US GAAP. Distributions in excess of tax basis earnings and profits, if any, are reported in the portfolios' financial statements as a return of capital. The final determination of tax characteristics of the portfolios' distribution will occur at the end of the year and will subsequently be reported to shareholders. Short-term gains from underlying funds are treated as ordinary income for tax purposes.
Capital accounts within the financial statements are adjusted for permanent book-tax differences at fiscal year end. These adjustments have no impact on net assets or the results of operations. Temporary book-tax differences, if any, will reverse in a subsequent period. Book-tax differences are primarily attributable to wash sale loss deferrals.
Note 3-Guarantees and indemnifications
Under the Trust's organizational documents, its Officers and Trustees are indemnified against certain liabilities arising out of the performance of their duties to the Trust, including the portfolios. Additionally, in the normal course of business, the Trust enters into contracts with service providers that contain general indemnification clauses. The Trust's maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Trust that have not yet occurred. The risk of material loss from such claims is considered remote.
Note 4-Fees and transactions with affiliates
John Hancock Investment Management LLC (the Advisor) serves as investment advisor for the portfolios. John Hancock Investment Management Distributors LLC (the Distributor), an affiliate of the Advisor, serves as principal underwriter of the portfolios. The Advisor and the Distributor are indirect, principally owned subsidiaries of John Hancock Life Insurance Company (U.S.A.), which in turn is a subsidiary of Manulife Financial Corporation.
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Management fee.The portfolios have an investment management agreement with the Advisor under which the portfolios pay a daily management fee to the Advisor as detailed below. The Advisor has a subadvisory agreement with Manulife Investment Management (US) LLC, an indirect, wholly owned subsidiary of Manulife Financial Corporation and an affiliate of the Advisor. The portfolios are not responsible for payment of the subadvisory fees.
The management fee has two components: (1) a fee on assets invested in a fund of the Trust or John Hancock Funds III (JHF III) (Assets in a fund of the Trust or JHF III); and (2) a fee on assets invested in investments other than a fund of the Trust or JHF III (Other assets). Aggregate net assets include the net assets of the portfolios, similar portfolios of John Hancock Variable Insurance Trust (JHVIT), and similar portfolios of the Trust. JHVIT funds are advised by an affiliate of the Advisor, John Hancock Variable Trust Advisers LLC and are distributed by an affiliate of the Advisor, John Hancock Distributors, LLC.
Management fees are determined in accordance with the following schedule:
First $7.5 billion of aggregate net assets Excess over $7.5 billion of aggregate net assets
Assets in a fund of the Trust or JHF III 0.060% 0.050%
Other assets 0.510% 0.500%
Expense reimbursements. The Advisor has contractually agreed to reduce its management fees or if necessary make payment to each portfolio in an amount by which certain expenses, including underlying fund expenses (acquired fund fees), exceed the amount indicated below of the respective portfolio's average net assets. This agreement expires on December 31, 2025, unless renewed by mutual agreement of the portfolios and the advisor based upon a determination that this is appropriate under the circumstances at that time.
Portfolio Expense
limitation as a
percentage of
average net
assets
2065 Lifetime Blend Portfolio 0.31%
2060 Lifetime Blend Portfolio 0.31%
2055 Lifetime Blend Portfolio 0.31%
2050 Lifetime Blend Portfolio 0.31%
2045 Lifetime Blend Portfolio 0.31%
2040 Lifetime Blend Portfolio 0.31%
Portfolio Expense
limitation as a
percentage of
average net
assets
2035 Lifetime Blend Portfolio 0.31%
2030 Lifetime Blend Portfolio 0.32%
2025 Lifetime Blend Portfolio 0.34%
2020 Lifetime Blend Portfolio 0.35%
2015 Lifetime Blend Portfolio 0.36%
2010 Lifetime Blend Portfolio 0.36%
Payments under this arrangement are intended to reimburse the portfolios for a portion of the indirect net expenses associated with the portfolios' investments in underlying funds. Amounts received in excess of portfolio level operating expenses, if any, are included as Other income received from advisor in the Statements of operations.
The Advisor has voluntarily agreed to waive its management fee for each portfolio so that the aggregate management fee retained by the Advisor with respect to both the portfolio and its underlying investments (after payment of subadvisory fees) does not exceed 0.51% of the portfolio's first $7.5 billion of average net assets and 0.50% of the portfolio's average net assets in excess of $7.5 billion. The Advisor may terminate this voluntary waiver at any time upon notice to the Trust.
For the six months ended February 28, 2025, the expense reductions under these agreements amounted to the following and are reflected as a reduction of total expenses in the Statements of operations:
Expense reimbursement by class
Portfolio Class A Class R4 Class R6 Class 1 Total
2065 Lifetime Blend Portfolio $21,406 $160 $33,598 $137,576 $192,740
2060 Lifetime Blend Portfolio 89,319 2,308 111,407 243,315 446,349
2055 Lifetime Blend Portfolio 164,351 2,518 167,380 383,264 717,513
2050 Lifetime Blend Portfolio 226,423 3,077 215,531 455,557 900,588
2045 Lifetime Blend Portfolio 276,383 5,892 242,485 567,930 1,092,690
2040 Lifetime Blend Portfolio 298,110 1,672 335,981 691,008 1,326,771
2035 Lifetime Blend Portfolio 369,535 7,802 372,789 844,916 1,595,042
2030 Lifetime Blend Portfolio 420,916 10,713 424,703 770,113 1,626,445
2025 Lifetime Blend Portfolio 466,184 3,851 260,463 483,210 1,213,708
2020 Lifetime Blend Portfolio 261,177 2,506 120,154 204,700 588,537
2015 Lifetime Blend Portfolio 87,726 238 65,839 71,876 225,679
2010 Lifetime Blend Portfolio 50,331 137 41,394 98,487 190,349
Expenses waived or reimbursed in the current fiscal period are not subject to recapture in future fiscal periods.
The investment management fees, including the impact of the waivers and reimbursements as described above, incurred for the six months ended February 28, 2025, were equivalent to a net annual effective rate of the portfolios' average daily net assets as follows:
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Portfolio Net Annual Effective Rate
2065 Lifetime Blend Portfolio 0.00%
2060 Lifetime Blend Portfolio 0.00%
2055 Lifetime Blend Portfolio 0.00%
2050 Lifetime Blend Portfolio 0.00%
2045 Lifetime Blend Portfolio 0.00%
2040 Lifetime Blend Portfolio 0.00%
Portfolio Net Annual Effective Rate
2035 Lifetime Blend Portfolio 0.00%
2030 Lifetime Blend Portfolio 0.00%
2025 Lifetime Blend Portfolio 0.00%
2020 Lifetime Blend Portfolio 0.00%
2015 Lifetime Blend Portfolio 0.00%
2010 Lifetime Blend Portfolio 0.00%
Accounting and legal services.Pursuant to a service agreement, the portfolios reimburse the Advisor for all expenses associated with providing the administrative, financial, legal, compliance, accounting and recordkeeping services to the portfolios, including the preparation of all tax returns, periodic reports to shareholders and regulatory reports, among other services. These expenses are allocated to each share class based on its relative net assets at the time the expense was incurred. These accounting and legal services fees incurred, for the six months ended February 28, 2025, amounted to an annual rate of 0.02% of the portfolios' average daily net assets.
Distribution and service plans.The portfolios have a distribution agreement with the Distributor. The portfolios have adopted distribution and service plans for certain classes as detailed below pursuant to Rule 12b-1 under the 1940 Act, to pay the Distributor for services provided as the distributor of shares of the portfolios. In addition, under a service plan for certain classes as detailed below, the portfolios pay for certain other services. The portfolios may pay up to the following contractual rates of distribution and service fees under these arrangements, expressed as an annual percentage of average daily net assets for each class of the portfolios' shares:
Class Rule 12b-1 Fee Service fee
Class A 0.30% -
Class R4 0.25% 0.10%
Class 1 0.05% -
The portfolios' Distributor has contractually agreed to waive 0.10% of Rule 12b-1 fees for Class R4 shares. The current waiver agreement expires on December 31, 2025, unless renewed by mutual agreement of the portfolios and the Distributor based upon a determination that this is appropriate under the circumstances at the time. This contractual waiver amounted to the following for Class R4 shares for the six months ended February 28, 2025:
Portfolio Class R4
2065 Lifetime Blend Portfolio $36
2060 Lifetime Blend Portfolio 674
2055 Lifetime Blend Portfolio 790
2050 Lifetime Blend Portfolio 989
2045 Lifetime Blend Portfolio 1,865
2040 Lifetime Blend Portfolio 498
Portfolio Class R4
2035 Lifetime Blend Portfolio $2,227
2030 Lifetime Blend Portfolio 2,973
2025 Lifetime Blend Portfolio 1,044
2020 Lifetime Blend Portfolio 638
2015 Lifetime Blend Portfolio 48
2010 Lifetime Blend Portfolio 25
Sales charges.Class A shares are assessed up-front sales charges of up to 5.00% of net asset value for such shares. The following table summarizes the net up-front sales charges received by the Distributor during the six months ended February 28, 2025:
2065 Lifetime Blend Portfolio 2060 Lifetime Blend Portfolio 2055 Lifetime Blend Portfolio 2050 Lifetime Blend Portfolio 2045 Lifetime Blend Portfolio 2040 Lifetime Blend Portfolio 2035 Lifetime Blend Portfolio 2030 Lifetime Blend Portfolio 2025 Lifetime Blend Portfolio
Total sales charges $863 $2,859 $1,265 $11,822 $2,707 $922 $2,806 $794 $4,204
Retained for printing prospectus, advertising and sales literature 152 468 213 2,050 434 155 457 137 768
Sales commission to unrelated broker-dealers 711 2,391 1,052 9,772 2,273 767 2,349 657 3,436
Class A shares may be subject to contingent deferred sales charges (CDSCs). Certain Class A shares purchased, including those that are acquired through purchases of $1 million or more, and redeemed within one year of purchase are subject to a 1.00% CDSC. CDSCs are applied to the lesser of the current market value at the time of redemption or the original purchase cost of the shares being redeemed. Proceeds from CDSCs are used to compensate the Distributor for providing distribution-related services in connection with the sale of these shares. During the six months ended February 28, 2025, CDSCs received by the Distributor for Class A shares were as follows:
Portfolio Class A
2055 Lifetime Blend Portfolio $6
Transfer agent fees.The John Hancock group of funds has a complex-wide transfer agent agreement with John Hancock Signature Services, Inc. (Signature Services), an affiliate of the Advisor. The transfer agent fees paid to Signature Services are determined based on the cost to Signature Services (Signature Services Cost) of providing recordkeeping services. It also includes out-of-pocket expenses, including payments made to third-parties for recordkeeping services provided to their clients who invest in one or more John Hancock funds. In addition, Signature Services Cost may be reduced by certain fees that Signature Services receives in connection with
| JOHN HANCOCK LIFETIME BLEND PORTFOLIOS 40
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retirement and small accounts. Signature Services Cost is calculated monthly and allocated, as applicable, to three categories of share classes: Retail Share Classes of Non-Municipal Bond Funds, Retirement Share Classes and Retail Share Classes of Municipal Bond Funds. Within each of these categories, the applicable costs are allocated to the affected John Hancock affiliated funds and/or classes, based on the relative average daily net assets.
Class level expenses. Class level expenses for the six months ended February 28, 2025 were as follows:
Portfolio Class Distribution and service fees Transfer agent fees
2065 Lifetime Blend Portfolio Class A $14,467 $5,419
Class R4 91 2
Class R6 - 312
Class 1 15,515 -
Total $30,073 $5,733
2060 Lifetime Blend Portfolio Class A $78,006 $29,222
Class R4 2,371 27
Class R6 - 1,287
Class 1 35,444 -
Total $115,821 $30,536
2055 Lifetime Blend Portfolio Class A $154,258 $57,794
Class R4 2,778 31
Class R6 - 2,071
Class 1 60,021 -
Total $217,057 $59,896
2050 Lifetime Blend Portfolio Class A $217,785 $81,604
Class R4 3,487 39
Class R6 - 2,735
Class 1 73,057 -
Total $294,329 $84,378
2045 Lifetime Blend Portfolio Class A $261,975 $98,156
Class R4 6,558 73
Class R6 - 3,025
Class 1 89,799 -
Total $358,332 $101,254
2040 Lifetime Blend Portfolio Class A $265,354 $99,424
Class R4 1,755 20
Class R6 - 3,923
Class 1 102,607 -
Total $369,716 $103,367
2035 Lifetime Blend Portfolio Class A $315,439 $118,193
Class R4 7,808 87
Class R6 - 4,170
Class 1 120,465 -
Total $443,712 $122,450
2030 Lifetime Blend Portfolio Class A $349,180 $130,830
Class R4 10,286 116
Class R6 - 4,623
Class 1 106,745 -
Total $466,211 $135,569
2025 Lifetime Blend Portfolio Class A $378,016 $141,651
Class R4 3,671 41
Class R6 - 2,749
Class 1 65,490 -
Total $447,177 $144,441
2020 Lifetime Blend Portfolio Class A $199,044 $74,592
Class R4 2,223 25
Class R6 - 1,197
Class 1 26,110 -
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Portfolio Class Distribution and service fees Transfer agent fees
Total $227,377 $75,814
2015 Lifetime Blend Portfolio Class A $52,718 $19,756
Class R4 167 2
Class R6 - 521
Class 1 7,221 -
Total $60,106 $20,279
2010 Lifetime Blend Portfolio Class A $27,238 $10,207
Class R4 60 1
Class R6 - 298
Class 1 8,942 -
Total $36,240 $10,506
Trustee expenses.The portfolios compensate each Trustee who is not an employee of the Advisor or its affiliates. The costs of paying Trustee compensation and expenses are allocated to each portfolio based on their net assets relative to other funds within the John Hancock group of funds complex.
Note 5-Portfolio share transactions
Transactions in portfolios' shares for the six months ended February 28, 2025 and for the year ended August 31, 2024 were as follows:
2065 Lifetime Blend Portfolio Six Months Ended 2-28-25 Year Ended 8-31-24
Shares Amount Shares Amount
Class A shares
Sold 357,310 $5,241,486 532,482 $6,996,199
Distributions reinvested 22,760 322,057 5,821 73,989
Repurchased (187,458) (2,747,000) (211,040) (2,766,669)
Net increase 192,612 $2,816,543 327,263 $4,303,519
Class R4 shares1
Sold - - 2,639 $31,129
Repurchased - - (36,826) (427,263)
Net decrease - - (34,187) $(396,134)
Class R6 shares
Sold 501,640 $7,355,750 477,454 $6,068,262
Distributions reinvested 40,369 570,010 10,977 139,185
Repurchased (162,593) (2,345,460) (84,005) (1,091,196)
Net increase 379,416 $5,580,300 404,426 $5,116,251
Class 1 shares
Sold 815,736 $11,904,619 1,608,523 $20,618,556
Distributions reinvested 159,335 2,251,407 64,059 812,912
Repurchased (147,739) (2,141,233) (683,678) (8,826,644)
Net increase 827,332 $12,014,793 988,904 $12,604,824
Total net increase 1,399,360 $20,411,636 1,686,406 $21,628,460
1 There were no share transactions for Class R4 for the six months ended February 28, 2025.
2060 Lifetime Blend Portfolio Six Months Ended 2-28-25 Year Ended 8-31-24
Shares Amount Shares Amount
Class A shares
Sold 1,379,491 $22,505,434 2,374,305 $34,374,631
Distributions reinvested 45,148 721,461 37,274 525,187
Repurchased (781,948) (12,744,725) (1,294,934) (18,827,963)
Net increase 642,691 $10,482,170 1,116,645 $16,071,855
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2060 Lifetime Blend Portfolio , Cont'd Six Months Ended 2-28-25 Year Ended 8-31-24
Shares Amount Shares Amount
Class R4 shares
Sold 13,265 $216,222 38,279 $545,244
Distributions reinvested 1,253 20,013 1,310 18,443
Repurchased (15,830) (255,655) (182,363) (2,367,047)
Net decrease (1,312) $(19,420) (142,774) $(1,803,360)
Class R6 shares
Sold 584,378 $9,519,456 1,891,642 $26,774,899
Distributions reinvested 68,756 1,097,349 65,693 924,296
Repurchased (365,793) (5,981,754) (510,754) (7,396,604)
Net increase 287,341 $4,635,051 1,446,581 $20,302,591
Class 1 shares
Sold 831,093 $13,596,590 1,668,658 $23,644,606
Distributions reinvested 152,190 2,428,948 164,599 2,315,913
Repurchased (306,740) (4,988,836) (1,429,612) (20,376,791)
Net increase 676,543 $11,036,702 403,645 $5,583,728
Total net increase 1,605,263 $26,134,503 2,824,097 $40,154,814
2055 Lifetime Blend Portfolio Six Months Ended 2-28-25 Year Ended 8-31-24
Shares Amount Shares Amount
Class A shares
Sold 2,391,296 $35,723,617 4,587,250 $60,596,490
Distributions reinvested 98,423 1,438,947 85,762 1,105,474
Repurchased (1,245,206) (18,595,986) (2,442,587) (32,460,606)
Net increase 1,244,513 $18,566,578 2,230,425 $29,241,358
Class R4 shares
Sold 13,756 $204,822 35,002 $454,008
Distributions reinvested 1,561 22,761 2,002 25,746
Repurchased (25,406) (380,319) (387,009) (4,574,471)
Net decrease (10,089) $(152,736) (350,005) $(4,094,717)
Class R6 shares
Sold 745,751 $11,093,253 3,430,724 $43,956,068
Distributions reinvested 124,895 1,819,724 122,046 1,568,285
Repurchased (719,980) (10,617,127) (870,500) (11,457,460)
Net increase 150,666 $2,295,850 2,682,270 $34,066,893
Class 1 shares
Sold 960,924 $14,381,221 2,649,858 $34,130,512
Distributions reinvested 282,344 4,119,401 320,651 4,123,567
Repurchased (491,635) (7,305,291) (2,690,348) (35,171,824)
Net increase 751,633 $11,195,331 280,161 $3,082,255
Total net increase 2,136,723 $31,905,023 4,842,851 $62,295,789
2050 Lifetime Blend Portfolio Six Months Ended 2-28-25 Year Ended 8-31-24
Shares Amount Shares Amount
Class A shares
Sold 2,840,178 $42,806,252 6,147,416 $82,192,037
Distributions reinvested 136,704 2,020,483 125,294 1,633,840
Repurchased (1,857,155) (27,915,106) (3,220,632) (43,384,843)
Net increase 1,119,727 $16,911,629 3,052,078 $40,441,034
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2050 Lifetime Blend Portfolio , Cont'd Six Months Ended 2-28-25 Year Ended 8-31-24
Shares Amount Shares Amount
Class R4 shares
Sold 12,884 $194,362 43,853 $569,907
Distributions reinvested 2,086 30,791 2,178 28,364
Repurchased (18,644) (274,490) (538,185) (6,415,534)
Net decrease (3,674) $(49,337) (492,154) $(5,817,263)
Class R6 shares
Sold 966,273 $14,603,044 4,044,564 $52,166,105
Distributions reinvested 162,998 2,402,591 164,914 2,143,884
Repurchased (769,704) (11,549,904) (1,048,324) (13,965,620)
Net increase 359,567 $5,455,731 3,161,154 $40,344,369
Class 1 shares
Sold 1,700,555 $25,647,796 2,782,022 $36,134,167
Distributions reinvested 338,445 4,992,060 394,645 5,134,331
Repurchased (638,493) (9,648,641) (3,654,850) (48,625,180)
Net increase (decrease) 1,400,507 $20,991,215 (478,183) $(7,356,682)
Total net increase 2,876,127 $43,309,238 5,242,895 $67,611,458
2045 Lifetime Blend Portfolio Six Months Ended 2-28-25 Year Ended 8-31-24
Shares Amount Shares Amount
Class A shares
Sold 3,700,681 $54,011,025 6,876,652 $89,777,091
Distributions reinvested 183,595 2,623,567 160,631 2,043,221
Repurchased (2,174,737) (31,698,250) (3,705,672) (48,454,661)
Net increase 1,709,539 $24,936,342 3,331,611 $43,365,651
Class R4 shares
Sold 14,669 $213,887 54,481 $674,584
Distributions reinvested 4,174 59,438 4,706 59,673
Repurchased (20,082) (290,840) (449,124) (5,216,880)
Net decrease (1,239) $(17,515) (389,937) $(4,482,623)
Class R6 shares
Sold 1,072,301 $15,659,150 4,439,621 $55,946,978
Distributions reinvested 195,725 2,792,991 207,507 2,635,338
Repurchased (948,170) (13,753,582) (1,542,531) (19,904,650)
Net increase 319,856 $4,698,559 3,104,597 $38,677,666
Class 1 shares
Sold 1,684,991 $24,691,731 3,425,753 $43,568,315
Distributions reinvested 457,399 6,522,515 528,249 6,708,768
Repurchased (1,130,282) (16,404,437) (4,921,080) (63,368,490)
Net increase (decrease) 1,012,108 $14,809,809 (967,078) $(13,091,407)
Total net increase 3,040,264 $44,427,195 5,079,193 $64,469,287
2040 Lifetime Blend Portfolio Six Months Ended 2-28-25 Year Ended 8-31-24
Shares Amount Shares Amount
Class A shares
Sold 3,948,794 $55,684,081 7,074,883 $89,681,532
Distributions reinvested 224,834 3,089,214 172,835 2,150,073
Repurchased (2,122,946) (29,873,260) (3,747,086) (47,644,723)
Net increase 2,050,682 $28,900,035 3,500,632 $44,186,882
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2040 Lifetime Blend Portfolio , Cont'd Six Months Ended 2-28-25 Year Ended 8-31-24
Shares Amount Shares Amount
Class R4 shares
Sold 6,178 $87,078 21,471 $259,976
Distributions reinvested 1,405 19,284 1,293 16,055
Repurchased (11,547) (156,678) (586,627) (6,685,344)
Net decrease (3,964) $(50,316) (563,863) $(6,409,313)
Class R6 shares
Sold 1,182,685 $16,673,379 7,052,739 $86,683,471
Distributions reinvested 295,231 4,050,564 253,712 3,148,562
Repurchased (1,259,254) (17,693,636) (2,300,397) (28,984,825)
Net increase 218,662 $3,030,307 5,006,054 $60,847,208
Class 1 shares
Sold 2,082,007 $29,372,416 3,612,103 $44,660,248
Distributions reinvested 613,664 8,419,465 630,003 7,818,338
Repurchased (901,536) (12,714,322) (4,161,388) (52,283,372)
Net increase 1,794,135 $25,077,559 80,718 $195,214
Total net increase 4,059,515 $56,957,585 8,023,541 $98,819,991
2035 Lifetime Blend Portfolio Six Months Ended 2-28-25 Year Ended 8-31-24
Shares Amount Shares Amount
Class A shares
Sold 4,727,518 $62,964,031 8,137,304 $98,468,520
Distributions reinvested 317,160 4,110,396 233,768 2,792,800
Repurchased (1,934,973) (25,797,281) (3,827,457) (46,401,776)
Net increase 3,109,705 $41,277,146 4,543,615 $54,859,544
Class R4 shares
Sold 18,841 $251,251 64,063 $762,180
Distributions reinvested 7,077 91,652 7,206 86,043
Repurchased (50,993) (677,009) (716,804) (7,879,449)
Net decrease (25,075) $(334,106) (645,535) $(7,031,226)
Class R6 shares
Sold 1,361,823 $18,150,719 6,851,316 $81,199,855
Distributions reinvested 376,230 4,868,412 347,482 4,141,980
Repurchased (1,345,072) (17,766,165) (2,892,987) (35,172,245)
Net increase 392,981 $5,252,966 4,305,811 $50,169,590
Class 1 shares
Sold 1,669,876 $22,283,392 4,931,306 $58,834,655
Distributions reinvested 842,328 10,908,152 864,347 10,311,659
Repurchased (2,039,474) (27,114,109) (5,515,887) (66,770,277)
Net increase 472,730 $6,077,435 279,766 $2,376,037
Total net increase 3,950,341 $52,273,441 8,483,657 $100,373,945
2030 Lifetime Blend Portfolio Six Months Ended 2-28-25 Year Ended 8-31-24
Shares Amount Shares Amount
Class A shares
Sold 6,298,432 $78,943,552 9,831,067 $113,740,760
Distributions reinvested 435,948 5,305,485 291,358 3,327,473
Repurchased (2,664,127) (33,330,121) (4,409,530) (50,703,432)
Net increase 4,070,253 $50,918,916 5,712,895 $66,364,801
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2030 Lifetime Blend Portfolio , Cont'd Six Months Ended 2-28-25 Year Ended 8-31-24
Shares Amount Shares Amount
Class R4 shares
Sold 16,487 $206,694 85,661 $963,648
Distributions reinvested 11,436 138,943 12,529 142,833
Repurchased (60,746) (753,454) (704,700) (7,508,007)
Net decrease (32,823) $(407,817) (606,510) $(6,401,526)
Class R6 shares
Sold 1,458,707 $18,341,905 8,100,468 $91,748,816
Distributions reinvested 505,206 6,138,256 423,061 4,822,900
Repurchased (1,636,058) (20,338,012) (3,844,651) (44,345,727)
Net increase 327,855 $4,142,149 4,678,878 $52,225,989
Class 1 shares
Sold 1,761,452 $22,181,097 4,130,160 $46,317,884
Distributions reinvested 901,406 10,952,085 930,171 10,594,643
Repurchased (2,482,070) (30,991,302) (6,108,597) (70,698,301)
Net increase (decrease) 180,788 $2,141,880 (1,048,266) $(13,785,774)
Total net increase 4,546,073 $56,795,128 8,736,997 $98,403,490
2025 Lifetime Blend Portfolio Six Months Ended 2-28-25 Year Ended 8-31-24
Shares Amount Shares Amount
Class A shares
Sold 7,042,184 $82,425,106 10,644,019 $116,486,043
Distributions reinvested 580,636 6,601,834 399,793 4,349,749
Repurchased (3,241,116) (38,030,931) (5,180,144) (56,720,818)
Net increase 4,381,704 $50,996,009 5,863,668 $64,114,974
Class R4 shares
Sold 11,862 $139,811 46,240 $493,371
Distributions reinvested 4,903 55,654 5,850 63,530
Repurchased (26,340) (308,653) (452,287) (4,640,695)
Net decrease (9,575) $(113,188) (400,197) $(4,083,794)
Class R6 shares
Sold 1,173,302 $13,716,461 5,287,218 $57,174,247
Distributions reinvested 354,046 4,018,418 343,573 3,731,202
Repurchased (1,905,797) (22,309,289) (4,051,645) (44,195,073)
Net increase (decrease) (378,449) $(4,574,410) 1,579,146 $16,710,376
Class 1 shares
Sold 1,052,534 $12,419,913 2,731,442 $29,146,278
Distributions reinvested 679,333 7,703,633 753,817 8,178,918
Repurchased (2,448,789) (28,471,013) (7,021,406) (76,912,126)
Net decrease (716,922) $(8,347,467) (3,536,147) $(39,586,930)
Total net increase 3,276,758 $37,960,944 3,506,470 $37,154,626
2020 Lifetime Blend Portfolio Six Months Ended 2-28-25 Year Ended 8-31-24
Shares Amount Shares Amount
Class A shares
Sold 2,787,313 $31,011,323 4,766,078 $50,070,365
Distributions reinvested 351,291 3,783,401 266,128 2,767,734
Repurchased (1,108,411) (12,326,601) (3,002,237) (31,031,571)
Net increase 2,030,193 $22,468,123 2,029,969 $21,806,528
| JOHN HANCOCK LIFETIME BLEND PORTFOLIOS 46
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2020 Lifetime Blend Portfolio , Cont'd Six Months Ended 2-28-25 Year Ended 8-31-24
Shares Amount Shares Amount
Class R4 shares
Sold 5,637 $62,669 17,653 $180,711
Distributions reinvested 3,486 37,478 4,646 48,230
Repurchased (7,388) (80,838) (247,885) (2,467,819)
Net increase (decrease) 1,735 $19,309 (225,586) $(2,238,878)
Class R6 shares
Sold 836,301 $9,363,766 2,158,364 $22,350,386
Distributions reinvested 175,636 1,889,848 162,663 1,690,073
Repurchased (877,834) (9,833,392) (2,077,255) (21,621,442)
Net increase 134,103 $1,420,222 243,772 $2,419,017
Class 1 shares
Sold 414,086 $4,610,582 1,318,973 $13,623,919
Distributions reinvested 303,021 3,257,478 349,503 3,627,841
Repurchased (1,748,204) (19,237,227) (3,754,558) (39,413,790)
Net decrease (1,031,097) $(11,369,167) (2,086,082) $(22,162,030)
Total net increase (decrease) 1,134,934 $12,538,487 (37,927) $(175,363)
2015 Lifetime Blend Portfolio Six Months Ended 2-28-25 Year Ended 8-31-24
Shares Amount Shares Amount
Class A shares
Sold 614,117 $6,533,795 1,156,388 $11,522,120
Distributions reinvested 103,654 1,065,559 77,482 774,011
Repurchased (278,958) (2,950,097) (714,006) (7,201,187)
Net increase 438,813 $4,649,257 519,864 $5,094,944
Class R4 shares
Sold 1,402 $14,883 2,841 $28,182
Distributions reinvested 293 3,008 356 3,550
Repurchased (711) (7,526) (48,240) (458,589)
Net increase (decrease) 984 $10,365 (45,043) $(426,857)
Class R6 shares
Sold 601,206 $6,434,186 1,241,503 $12,422,238
Distributions reinvested 89,420 917,453 69,897 696,871
Repurchased (370,609) (3,905,920) (834,048) (8,265,436)
Net increase 320,017 $3,445,719 477,352 $4,853,673
Class 1 shares
Sold 363,714 $3,883,065 563,648 $5,582,723
Distributions reinvested 90,709 930,676 106,519 1,061,995
Repurchased (521,484) (5,565,330) (1,324,198) (13,393,354)
Net decrease (67,061) $(751,589) (654,031) $(6,748,636)
Total net increase 692,753 $7,353,752 298,142 $2,773,124
2010 Lifetime Blend Portfolio Six Months Ended 2-28-25 Year Ended 8-31-24
Shares Amount Shares Amount
Class A shares
Sold 529,218 $5,443,338 792,646 $7,669,202
Distributions reinvested 61,302 609,344 35,240 342,535
Repurchased (135,328) (1,379,817) (329,233) (3,158,144)
Net increase 455,192 $4,672,865 498,653 $4,853,593
47 JOHN HANCOCK LIFETIME BLEND PORTFOLIOS |
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2010 Lifetime Blend Portfolio , Cont'd Six Months Ended 2-28-25 Year Ended 8-31-24
Shares Amount Shares Amount
Class R4 shares
Sold 14 $148 50 $503
Distributions reinvested 5 47 160 1,557
Repurchased - - (7,191) (69,684)
Net increase (decrease) 19 $195 (6,981) $(67,624)
Class R6 shares
Sold 375,224 $3,871,674 992,642 $9,657,543
Distributions reinvested 52,417 519,979 35,647 346,128
Repurchased (247,461) (2,530,643) (794,666) (7,786,344)
Net increase 180,180 $1,861,010 233,623 $2,217,327
Class 1 shares
Sold 474,263 $4,870,752 774,002 $7,517,287
Distributions reinvested 120,315 1,192,319 122,945 1,192,562
Repurchased (633,474) (6,512,844) (1,347,447) (13,057,226)
Net decrease (38,896) $(449,773) (450,500) $(4,347,377)
Total net increase 596,495 $6,084,297 274,795 $2,655,919
Affiliates of the Trust owned shares of the following classes of the portfolios on February 28, 2025. Such concentration of shareholders' capital could have a material effect on the portfolios if such shareholders redeem from the portfolios.
Portfolio Class % by Class
2065 Lifetime Blend Portfolio R4 100%
2065 Lifetime Blend Portfolio 1 100%
2060 Lifetime Blend Portfolio R6 1%
2060 Lifetime Blend Portfolio 1 100%
2055 Lifetime Blend Portfolio 1 100%
2050 Lifetime Blend Portfolio 1 100%
2045 Lifetime Blend Portfolio 1 100%
2040 Lifetime Blend Portfolio 1 100%
2035 Lifetime Blend Portfolio 1 100%
2030 Lifetime Blend Portfolio 1 100%
2025 Lifetime Blend Portfolio 1 100%
2020 Lifetime Blend Portfolio 1 100%
2015 Lifetime Blend Portfolio 1 100%
2010 Lifetime Blend Portfolio R4 97%
2010 Lifetime Blend Portfolio 1 100%
Note 6-Purchase and sale of securities
Purchases and sales of securities, other than short-term investments, amounted to the following for the six months ended February 28, 2025:
Purchases Sales
Portfolio U.S. Government Other issuers U.S. Government Other issuers
2065 Lifetime Blend Portfolio $116,229 $25,470,736 $143,627 $6,055,010
2060 Lifetime Blend Portfolio 381,185 42,905,947 538,216 14,810,078
2055 Lifetime Blend Portfolio 672,840 63,052,174 982,481 27,755,938
2050 Lifetime Blend Portfolio 867,957 81,516,807 1,263,597 34,221,371
2045 Lifetime Blend Portfolio 1,717,635 95,488,128 2,555,481 46,182,279
2040 Lifetime Blend Portfolio 2,551,975 104,582,714 4,065,251 44,477,694
2035 Lifetime Blend Portfolio 3,744,720 111,374,187 5,972,969 56,702,925
2030 Lifetime Blend Portfolio 8,379,224 115,561,070 8,705,369 60,890,619
2025 Lifetime Blend Portfolio 7,767,463 81,217,911 7,961,036 47,327,765
2020 Lifetime Blend Portfolio 4,434,370 41,706,825 4,150,876 32,068,099
2015 Lifetime Blend Portfolio 1,632,544 15,764,003 1,397,315 9,681,716
2010 Lifetime Blend Portfolio 1,568,510 14,866,649 1,200,882 10,088,384
| JOHN HANCOCK LIFETIME BLEND PORTFOLIOS 48
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Note 7-Investment in affiliated underlying funds
Certain portfolios invest primarily in affiliated underlying funds that are managed by the Advisor and its affiliates. The portfolios do not invest in the affiliated underlying funds for the purpose of exercising management or control; however, the portfolios' investment may represent a significant portion of each affiliated underlying funds' net assets. At February 28, 2025, the portfolios did not hold 5% or more of the net assets of any affiliated underlying funds.
Information regarding the portfolios' fiscal year to date purchases and sales of the affiliated underlying funds as well as income and capital gains earned by the portfolios, if any, is as follows:
Dividends and distributions
Affiliate Ending
share
amount 		Beginning
value 		Cost of
purchases 		Proceeds
from shares
sold 		Realized
gain
(loss) 		Change in
unrealized
appreciation
(depreciation) 		Income
distributions
received 		Capital gain
distributions
received 		Ending
value
2065 Lifetime Blend Portfolio
Bond 165,585 $1,047,327 $1,590,584 $(358,440) $(8,372) $(15,833) $44,961 - $2,255,266
Emerging Markets Debt 71,106 424,769 258,094 (125,898) (447) 5,218 15,907 - 561,736
High Yield 138,926 308,923 183,459 (65,600) (262) (17) 11,987 - 426,503
International Strategic Equity Allocation 2,090,332 16,943,555 5,034,919 (186,292) 11,338 (419,424) 536,447 - 21,384,096
John Hancock Collateral Trust* 302 659,418 7,095,553 (7,753,179) 1,206 20 2,050 - 3,018
U.S. Sector Rotation 2,697,837 24,404,953 8,619,823 (421,467) 82,820 551,224 289,550 $606,033 33,237,353
$86,283 $121,188 $900,902 $606,033 $57,867,972
2060 Lifetime Blend Portfolio
Bond 469,578 $3,319,143 $3,882,299 $(740,154) $(12,753) $(52,877) $129,612 - $6,395,658
Emerging Markets Debt 201,647 1,346,161 467,436 (235,918) 1,934 13,401 46,282 - 1,593,014
High Yield 393,978 979,026 360,066 (129,542) 7 (46) 34,770 - 1,209,511
International Strategic Equity Allocation 6,043,417 55,249,865 8,671,747 (827,274) 44,687 (1,314,867) 1,608,028 - 61,824,158
John Hancock Collateral Trust* 196 2,342,976 11,539,313 (13,882,329) 1,742 256 2,861 - 1,958
U.S. Sector Rotation 7,765,842 79,580,130 14,917,114 (860,369) 168,010 1,870,287 839,074 $1,756,194 95,675,172
$203,627 $516,154 $2,660,627 $1,756,194 $166,699,471
2055 Lifetime Blend Portfolio
Bond 828,662 $5,843,451 $6,247,413 $(699,860) $(29,178) $(75,443) $221,144 - $11,286,383
Emerging Markets Debt 354,469 2,369,957 649,985 (246,669) (2,715) 29,748 79,233 - 2,800,306
High Yield 687,465 1,723,605 516,382 (129,617) (1,135) 1,282 59,517 - 2,110,517
International Strategic Equity Allocation 10,404,945 97,323,987 12,859,459 (1,497,105) 94,151 (2,337,908) 2,784,148 - 106,442,584
John Hancock Collateral Trust* 160 3,721,413 42,610,212 (46,331,933) 1,584 327 3,506 - 1,603
U.S. Sector Rotation 13,231,911 140,103,220 21,360,585 (2,058,617) 410,628 3,201,332 1,443,806 $3,021,907 163,017,148
$473,335 $819,338 $4,591,354 $3,021,907 $285,658,541
2050 Lifetime Blend Portfolio
Bond 1,068,564 $7,475,156 $8,048,761 $(829,835) $(28,964) $(111,275) $285,791 - $14,553,843
Emerging Markets Debt 455,337 3,031,735 1,021,688 (490,535) (2,949) 37,222 101,947 - 3,597,161
49 JOHN HANCOCK LIFETIME BLEND PORTFOLIOS |
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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
High Yield 884,822 $2,204,898 $769,750 $(258,180) $(1,762) $1,698 $76,655 - $2,716,404
International Strategic Equity Allocation 13,334,771 124,628,701 16,207,015 (1,448,287) 82,824 (3,055,547) 3,599,089 - 136,414,706
John Hancock Collateral Trust* 377 5,147,854 13,232,875 (18,378,610) 1,192 456 3,942 - 3,767
U.S. Sector Rotation 17,045,449 179,225,702 28,011,609 (1,935,130) 377,887 4,319,858 1,844,427 $3,860,415 209,999,926
$428,228 $1,192,412 $5,911,851 $3,860,415 $367,285,807
2045 Lifetime Blend Portfolio
Bond 1,561,678 $13,577,087 $8,581,155 $(752,855) $(2,373) $(132,957) $408,598 - $21,270,057
Emerging Markets Debt 1,080,116 6,938,391 2,048,873 (537,721) (3,988) 87,362 233,160 - 8,532,917
High Yield 2,098,863 5,046,103 1,732,548 (337,638) (1,830) 4,328 175,420 - 6,443,511
International Strategic Equity Allocation 14,898,599 144,510,477 13,914,506 (2,383,149) 142,643 (3,771,811) 4,110,247 - 152,412,666
John Hancock Collateral Trust* 209 6,279,143 66,056,889 (72,335,707) 1,226 536 6,930 - 2,087
U.S. Sector Rotation 19,170,142 208,458,779 25,294,206 (3,013,107) 583,413 4,852,858 2,118,250 $4,433,529 236,176,149
$719,091 $1,040,316 $7,052,605 $4,433,529 $424,837,387
2040 Lifetime Blend Portfolio
Bond 3,567,699 $36,016,169 $13,562,389 $(668,476) $1,825 $(319,851) $968,906 - $48,592,056
Emerging Markets Debt 2,137,006 15,045,780 2,373,362 (703,134) (4,782) 171,119 487,799 - 16,882,345
High Yield 4,144,552 10,722,499 2,316,967 (318,493) (2,323) 5,126 362,520 - 12,723,776
International Strategic Equity Allocation 15,305,232 148,293,333 13,648,072 (1,848,184) 125,631 (3,646,324) 4,174,478 - 156,572,528
John Hancock Collateral Trust* 455,402 295,193 109,002,447 (104,743,377) 1,051 386 9,507 - 4,555,700
U.S. Sector Rotation 19,249,629 209,090,877 26,342,108 (3,818,661) 765,374 4,775,733 2,100,073 $4,395,485 237,155,431
$886,776 $986,189 $8,103,283 $4,395,485 $476,481,836
2035 Lifetime Blend Portfolio
Bond 6,510,481 $70,887,044 $19,590,493 $(1,181,369) $2,292 $(625,711) $1,818,233 - $88,672,749
Emerging Markets Debt 3,645,257 26,705,307 2,937,793 (1,131,002) (5,047) 290,481 851,674 - 28,797,532
High Yield 7,069,686 19,011,912 3,097,526 (410,622) (3,459) 8,580 631,838 - 21,703,937
International Strategic Equity Allocation 15,283,201 153,802,396 9,827,036 (3,463,963) 175,567 (3,993,893) 4,304,696 - 156,347,143
John Hancock Collateral Trust* 1,050,218 4,895,571 102,119,360 (96,512,404) 1,868 1,668 15,826 - 10,506,063
U.S. Sector Rotation 19,839,198 222,007,740 23,695,697 (7,320,399) 1,456,571 4,579,306 2,190,203 $4,584,128 244,418,915
$1,627,792 $260,431 $9,812,470 $4,584,128 $550,446,339
| JOHN HANCOCK LIFETIME BLEND PORTFOLIOS 50
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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
2030 Lifetime Blend Portfolio
Bond 7,160,409 $87,022,764 $15,135,150 $(3,659,981) $(140,801) $(832,366) $2,146,557 - $97,524,766
Emerging Markets Debt 4,987,376 34,485,706 6,651,644 (2,162,380) 32,879 392,421 1,113,943 - 39,400,270
High Yield 8,675,711 23,633,112 3,579,343 (580,114) (6,442) 8,535 784,586 - 26,634,434
International Strategic Equity Allocation 12,653,251 130,681,688 7,284,881 (5,255,197) 310,333 (3,578,948) 3,635,314 - 129,442,757
John Hancock Collateral Trust* 132 2,994,442 144,177,322 (147,170,232) (320) 105 10,759 - 1,317
U.S. Sector Rotation 17,556,534 197,121,782 20,295,492 (6,378,297) 1,241,626 4,015,891 1,954,951 $4,091,743 216,296,494
$1,437,275 $5,638 $9,646,110 $4,091,743 $509,300,038
2025 Lifetime Blend Portfolio
Bond 6,979,755 $86,113,142 $12,519,614 $(2,713,356) $(61,202) $(793,938) $2,068,548 - $95,064,260
Emerging Markets Debt 4,551,749 33,450,225 5,003,889 (2,888,629) 58,688 334,642 1,045,879 - 35,958,815
High Yield 7,917,923 22,614,586 2,406,081 (716,572) (4,656) 8,585 731,146 - 24,308,024
International Strategic Equity Allocation 7,056,257 75,885,038 3,459,017 (5,200,299) 204,409 (2,162,655) 2,045,326 - 72,185,510
John Hancock Collateral Trust* 330 2,809,457 137,362,721 (140,172,118) 3,381 (142) 12,381 - 3,299
U.S. Sector Rotation 9,975,966 113,175,643 12,495,230 (5,854,268) 1,115,581 1,971,718 1,097,402 $2,296,879 122,903,904
$1,316,201 $(641,790) $7,000,682 $2,296,879 $350,423,812
2020 Lifetime Blend Portfolio
Bond 3,325,998 $43,225,903 $5,584,719 $(2,987,020) $(91,175) $(432,339) $1,040,041 - $45,300,088
Emerging Markets Debt 2,129,281 16,268,146 2,072,362 (1,701,193) 38,629 143,378 512,043 - 16,821,322
High Yield 3,718,009 11,022,766 1,042,489 (648,385) (2,422) (160) 358,477 - 11,414,288
International Strategic Equity Allocation 2,050,473 22,790,792 1,688,011 (2,927,763) 127,058 (701,759) 612,019 - 20,976,339
John Hancock Collateral Trust* 1,536 8,633,891 48,673,168 (57,293,220) 692 837 3,582 - 15,368
U.S. Sector Rotation 3,836,839 42,174,633 6,921,916 (2,998,087) 586,287 585,109 413,412 $865,278 47,269,858
$659,069 $(404,934) $2,939,574 $865,278 $141,797,263
2015 Lifetime Blend Portfolio
Bond 1,129,811 $14,028,282 $2,720,446 $(1,204,147) $(26,841) $(129,714) $340,084 - $15,388,026
Emerging Markets Debt 712,447 5,199,636 961,887 (590,828) 11,689 45,947 164,204 - 5,628,331
High Yield 1,241,440 3,521,442 551,969 (261,285) (1,588) 683 114,875 - 3,811,221
International Strategic Equity Allocation 489,131 5,263,104 560,275 (691,897) 69,926 (197,600) 138,910 - 5,003,808
51 JOHN HANCOCK LIFETIME BLEND PORTFOLIOS |
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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* 229 $4,220,976 $12,908,239 $(17,127,924) $591 $409 $2,023 - $2,291
U.S. Sector Rotation 969,323 11,427,275 1,597,034 (1,378,873) 266,177 30,440 115,633 $242,022 11,942,053
$319,954 $(249,835) $875,729 $242,022 $41,775,730
2010 Lifetime Blend Portfolio
Bond 890,758 $11,370,993 $2,438,233 $(1,528,554) $(39,210) $(109,341) $276,024 - $12,132,121
Emerging Markets Debt 561,347 4,135,944 971,556 (719,859) 5,472 41,526 131,781 - 4,434,639
High Yield 981,860 2,807,874 646,096 (439,006) (1,312) 658 92,457 - 3,014,310
International Strategic Equity Allocation 279,966 3,026,286 411,478 (494,405) 60,641 (139,949) 78,520 - 2,864,051
John Hancock Collateral Trust* 4,476 39,490 17,878,788 (17,873,665) 157 3 2,627 - 44,773
U.S. Sector Rotation 575,477 6,639,493 1,322,388 (1,066,226) 234,669 (40,451) 66,156 $138,466 7,089,873
$260,417 $(247,554) $647,565 $138,466 $29,579,767
* Refer to the Securities lending note within Note 2 for details regarding this investment.
Note 8-New accounting pronouncement
In this reporting period, the portfolios adopted Financial Accounting Standards Board Accounting Standards Update 2023-07, Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures (ASU 2023-07). Adoption of the new standard impacted financial statement disclosures only and did not affect each portfolio's financial position or the results of its operations. The management committee of the Advisor acts as the portfolios' chief operating decision maker (the CODM), assessing performance and making decisions about resource allocation. Each portfolio represents a single operating segment, as the CODM monitors and assesses the operating results of the portfolio as a whole, and the portfolio's long-term strategic asset allocation is managed in accordance with the terms of its prospectus, based on a defined investment strategy which is executed by the portfolio management team of the portfolio's subadvisor. Segment assets are reflected in the Statements of assets and liabilities as "Total assets", which consists primarily of total investments at value. The financial information, including the measurement of profit and loss and significant expenses, provided to and reviewed by the CODM is consistent with that presented within the Statements of operations, which includes "Increase (decrease) in net assets from operations", Statements of changes in net assets, which includes "Increase (decrease) in net assets from portfolio share transactions", and Financial highlights, which includes total return and income and expense ratios.
| JOHN HANCOCK LIFETIME BLEND PORTFOLIOS 52
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John Hancock Investment Management Distributors LLC, Member FINRA, SIPC
200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.
This report is for the information of the shareholders of John Hancock Lifetime Blend Portfolios. It is not authorized for distribution to prospective investors unless preceded or accompanied by a prospectus.
MF4278732 RL2SA 2/25
4/25


ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.

Not applicable.


ITEM 9. PROXY DISCLOSURE FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.

Information included in Item 7, if applicable.


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

Refer to information included in Item 7.


ITEM 11. STATEMENT REGARDING BASIS FOR APPROVAL OF INVESTMENT ADVISORY CONTRACT.

Information included in Item 7, if applicable.


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

Not applicable.


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

Not applicable.


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

Not applicable.


ITEM 15. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

No material changes.


ITEM 16. CONTROLS AND PROCEDURES.

(a) Based upon their evaluation of the registrant's disclosure controls and procedures as conducted within 90 days of the filing date of this Form N-CSR, the registrant's principal executive officer and principal financial officer have concluded that those disclosure controls and procedures provide reasonable assurance that the material information required to be disclosed by the registrant on this report is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms.

(b) There were no changes in the registrant's internal control over financial reporting that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting.


ITEM 17. DISCLOSURE OF SECURITIES LENDING ACTIVITIES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

Not applicable.


ITEM 18. RECOVERY OF ERRONEOUSLY AWARDED COMPENSATION.

Not applicable.


ITEM 19. EXHIBITS.

(a)(1) Not applicable.

(a)(2) Not applicable.

(a)(3) Separate certifications for the registrant's principal executive officer and principal financial officer, as required by Section 302 of the Sarbanes-Oxley Act of 2002 and Rule 30a-2(a) under the Investment Company Act of 1940, are attached.

(b) Separate certifications for the registrant's principal executive officer and principal financial officer, as required by 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, and Rule 30a-2(b) under the Investment Company Act of 1940, are attached. The certifications furnished pursuant to this paragraph are not deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liability of that section. Such certifications are not deemed to be incorporated by reference into any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, except to the extent that the Registrant specifically incorporates them by reference.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

John Hancock Funds II

By: /s/ Kristie M. Feinberg
------------------------------
Kristie M. Feinberg
President,
Principal Executive Officer
Date: April 9, 2025

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By: /s/ Kristie M. Feinberg
------------------------------
Kristie M. Feinberg
President,
Principal Executive Officer
Date: April 9, 2025
By: /s/ Fernando A. Silva
---------------------------
Fernando A. Silva
Chief Financial Officer,
Principal Financial Officer
Date: April 9, 2025