John Hancock Funds II

04/15/2026 | Press release | Distributed by Public on 04/15/2026 12:17

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

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

SALVATORE SCHIAVONE
TREASURER
200 BERKELEY STREET
BOSTON, MA 02116
(Name and address of agent for service)
Registrant's telephone number, including area code:
(617) 543-9634
Date of fiscal year end:
August 31
Date of reporting period:
February 28, 2026
ITEM 1. REPORTS TO STOCKHOLDERS
The Registrant prepared the following semiannual reports to shareholders for the six months ended February 28, 2026:
  • John Hancock Lifestyle Blend Aggressive Portfolio
  • John Hancock Lifestyle Blend Balanced Portfolio
  • John Hancock Lifestyle Blend Conservative Portfolio
  • John Hancock Lifestyle Blend Growth Portfolio
  • John Hancock Lifestyle Blend Moderate Portfolio
John Hancock Lifestyle Blend Aggressive Portfolio
Class 1/JIIOX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Lifestyle Blend Aggressive Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/underlying-funds. You can also request this information by contacting us at 800-344-1029.
What were the fund costs during the last 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
Lifestyle Blend Aggressive Portfolio
(Class 1/JIIOX)
$16 0.31%
Fund Statistics
Fund net assets $738,633,519
Total number of portfolio holdings 28
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 63.0%
Equity 62.0%
Fixed income 1.0%
Unaffiliated investment companies 36.4%
Equity 35.7%
Alternative and specialty 0.7%
U.S. Government and Agency obligations 0.6%
U.S. Government 0.6%
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/underlying-funds, you can find additional information about the fund, including the fund's:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.

MF5244537

4042SA-1

2/26

4/26

John Hancock Lifestyle Blend Aggressive Portfolio
John Hancock Lifestyle Blend Aggressive Portfolio
Class A/JABQX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Lifestyle Blend Aggressive Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last 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
Lifestyle Blend Aggressive Portfolio
(Class A/JABQX)
$35 0.66%
Fund Statistics
Fund net assets $738,633,519
Total number of portfolio holdings 28
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 63.0%
Equity 62.0%
Fixed income 1.0%
Unaffiliated investment companies 36.4%
Equity 35.7%
Alternative and specialty 0.7%
U.S. Government and Agency obligations 0.6%
U.S. Government 0.6%
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.

MF5244537

4042SA-A

2/26

4/26

John Hancock Lifestyle Blend Aggressive Portfolio
John Hancock Lifestyle Blend Aggressive Portfolio
Class R6/JIIRX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Lifestyle Blend Aggressive Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last 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
Lifestyle Blend Aggressive Portfolio
(Class R6/JIIRX)
$14 0.26%
Fund Statistics
Fund net assets $738,633,519
Total number of portfolio holdings 28
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 63.0%
Equity 62.0%
Fixed income 1.0%
Unaffiliated investment companies 36.4%
Equity 35.7%
Alternative and specialty 0.7%
U.S. Government and Agency obligations 0.6%
U.S. Government 0.6%
Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund's investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.
The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .
Availability of Additional Information
At jhinvestments.com/documents, you can find additional information about the fund, including the fund's:
  • Prospectus
  • Financial information
  • Fund holdings
  • Proxy voting information
You can also request this information by contacting us at 800-225-5291.
This report is for the information of the shareholders in this fund. It is not authorized for distribution to prospective investors unless preceded or accompanied by the fund's prospectus.
John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com
Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.
NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.

MF5244537

4042SA-R6

2/26

4/26

John Hancock Lifestyle Blend Aggressive Portfolio
John Hancock Lifestyle Blend Growth Portfolio
Class 1/JLGOX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Lifestyle Blend Growth Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/underlying-funds. You can also request this information by contacting us at 800-344-1029.
What were the fund costs during the last 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
Lifestyle Blend Growth Portfolio
(Class 1/JLGOX)
$17 0.33%
Fund Statistics
Fund net assets $1,492,638,552
Total number of portfolio holdings 35
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 59.0%
Equity 49.8%
Fixed income 9.2%
Unaffiliated investment companies 38.5%
Equity 32.2%
Fixed income 5.6%
Alternative and specialty 0.7%
U.S. Government and Agency obligations 2.5%
U.S. Government 2.5%
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.

MF5244537

4052SA-1
2/26
4/26
John Hancock Lifestyle Blend Growth Portfolio
John Hancock Lifestyle Blend Growth Portfolio
Class A/JABPX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Lifestyle Blend Growth Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last 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
Lifestyle Blend Growth Portfolio
(Class A/JABPX)
$36 0.69%
Fund Statistics
Fund net assets $1,492,638,552
Total number of portfolio holdings 35
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 59.0%
Equity 49.8%
Fixed income 9.2%
Unaffiliated investment companies 38.5%
Equity 32.2%
Fixed income 5.6%
Alternative and specialty 0.7%
U.S. Government and Agency obligations 2.5%
U.S. Government 2.5%
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.

MF5244537

4052SA-A
2/26
4/26
John Hancock Lifestyle Blend Growth Portfolio
John Hancock Lifestyle Blend Growth Portfolio
Class R6/JLGSX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Lifestyle Blend Growth Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last 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
Lifestyle Blend Growth Portfolio
(Class R6/JLGSX)
$15 0.28%
Fund Statistics
Fund net assets $1,492,638,552
Total number of portfolio holdings 35
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 59.0%
Equity 49.8%
Fixed income 9.2%
Unaffiliated investment companies 38.5%
Equity 32.2%
Fixed income 5.6%
Alternative and specialty 0.7%
U.S. Government and Agency obligations 2.5%
U.S. Government 2.5%
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.

MF5244537

4052SA-R6

2/26

4/26

John Hancock Lifestyle Blend Growth Portfolio

John Hancock Lifestyle Blend Balanced Portfolio
Class 1/JIBOX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Lifestyle Blend Balanced Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/underlying-funds. You can also request this information by contacting us at 800-344-1029.
What were the fund costs during the last 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
Lifestyle Blend Balanced Portfolio
(Class 1/JIBOX)
$19 0.36%
Fund Statistics
Fund net assets $1,486,512,212
Total number of portfolio holdings 36
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 56.5%
Equity 37.3%
Fixed income 19.2%
Unaffiliated investment companies 38.7%
Equity 25.4%
Fixed income 12.6%
Alternative and specialty 0.7%
U.S. Government and Agency obligations 4.7%
U.S. Government 4.7%
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.

MF5244537

4062SA-1

2/26

4/26

John Hancock Lifestyle Blend Balanced Portfolio

John Hancock Lifestyle Blend Balanced Portfolio
Class A/JABMX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Lifestyle Blend Balanced Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last 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
Lifestyle Blend Balanced Portfolio
(Class A/JABMX)
$37 0.71%
Fund Statistics
Fund net assets $1,486,512,212
Total number of portfolio holdings 36
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 56.5%
Equity 37.3%
Fixed income 19.2%
Unaffiliated investment companies 38.7%
Equity 25.4%
Fixed income 12.6%
Alternative and specialty 0.7%
U.S. Government and Agency obligations 4.7%
U.S. Government 4.7%
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.

MF5244537

4062SA-A

2/26

4/26

John Hancock Lifestyle Blend Balanced Portfolio

John Hancock Lifestyle Blend Balanced Portfolio
Class R6/JIBRX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Lifestyle Blend Balanced Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last 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
Lifestyle Blend Balanced Portfolio
(Class R6/JIBRX)
$16 0.31%
Fund Statistics
Fund net assets $1,486,512,212
Total number of portfolio holdings 36
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 56.5%
Equity 37.3%
Fixed income 19.2%
Unaffiliated investment companies 38.7%
Equity 25.4%
Fixed income 12.6%
Alternative and specialty 0.7%
U.S. Government and Agency obligations 4.7%
U.S. Government 4.7%
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.

MF5244537

4062SA-R6

2/26

4/26

John Hancock Lifestyle Blend Balanced Portfolio

John Hancock Lifestyle Blend Moderate Portfolio
Class 1/JLMOX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Lifestyle Blend Moderate Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/underlying-funds. You can also request this information by contacting us at 800-344-1029.
What were the fund costs during the last 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
Lifestyle Blend Moderate Portfolio
(Class 1/JLMOX)
$21 0.41%
Fund Statistics
Fund net assets $500,954,065
Total number of portfolio holdings 36
Portfolio turnover rate 10%
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 52.3%
Fixed income 29.8%
Equity 22.5%
Unaffiliated investment companies 41.3%
Fixed income 20.8%
Equity 19.8%
Alternative and specialty 0.7%
U.S. Government and Agency obligations 6.4%
U.S. Government 6.4%
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.

MF5244537

4072SA-1

2/26

4/26

John Hancock Lifestyle Blend Moderate Portfolio

John Hancock Lifestyle Blend Moderate Portfolio
Class A/JABKX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Lifestyle Blend Moderate Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last 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
Lifestyle Blend Moderate Portfolio
(Class A/JABKX)
$39 0.76%
Fund Statistics
Fund net assets $500,954,065
Total number of portfolio holdings 36
Portfolio turnover rate 10%
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 52.3%
Fixed income 29.8%
Equity 22.5%
Unaffiliated investment companies 41.3%
Fixed income 20.8%
Equity 19.8%
Alternative and specialty 0.7%
U.S. Government and Agency obligations 6.4%
U.S. Government 6.4%
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.

MF5244537

4072SA-A

2/26

4/26

John Hancock Lifestyle Blend Moderate Portfolio

John Hancock Lifestyle Blend Moderate Portfolio
Class R6/JLMRX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Lifestyle Blend Moderate Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last 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
Lifestyle Blend Moderate Portfolio
(Class R6/JLMRX)
$18 0.36%
Fund Statistics
Fund net assets $500,954,065
Total number of portfolio holdings 36
Portfolio turnover rate 10%
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 52.3%
Fixed income 29.8%
Equity 22.5%
Unaffiliated investment companies 41.3%
Fixed income 20.8%
Equity 19.8%
Alternative and specialty 0.7%
U.S. Government and Agency obligations 6.4%
U.S. Government 6.4%
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.

MF5244537

4072SA-R6

2/26

4/26

John Hancock Lifestyle Blend Moderate Portfolio
John Hancock Lifestyle Blend Conservative Portfolio
Class 1/JLCGX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Lifestyle Blend Conservative Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/underlying-funds. You can also request this information by contacting us at 800-344-1029.
What were the fund costs during the last 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
Lifestyle Blend Conservative Portfolio
(Class 1/JLCGX)
$22 0.43%
Fund Statistics
Fund net assets $378,138,245
Total number of portfolio holdings 26
Portfolio turnover rate 10%
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 49.4%
Fixed income 39.9%
Equity 9.5%
Unaffiliated investment companies 40.8%
Fixed income 28.2%
Equity 12.6%
U.S. Government and Agency obligations 9.7%
U.S. Government 9.7%
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.

MF5244537

4082SA-1

2/26

4/26

John Hancock Lifestyle Blend Conservative Portfolio
John Hancock Lifestyle Blend Conservative Portfolio
Class A/JABJX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Lifestyle Blend Conservative Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last 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
Lifestyle Blend Conservative Portfolio
(Class A/JABJX)
$40 0.79%
Fund Statistics
Fund net assets $378,138,245
Total number of portfolio holdings 26
Portfolio turnover rate 10%
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 49.4%
Fixed income 39.9%
Equity 9.5%
Unaffiliated investment companies 40.8%
Fixed income 28.2%
Equity 12.6%
U.S. Government and Agency obligations 9.7%
U.S. Government 9.7%
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.

MF5244537

4082SA-A

2/26

4/26

John Hancock Lifestyle Blend Conservative Portfolio
John Hancock Lifestyle Blend Conservative Portfolio
Class R6/JLCSX
Semiannual SHAREHOLDER REPORT | February 28, 2026
This semiannual shareholder report contains important information about the John Hancock Lifestyle Blend Conservative Portfolio (the fund) for the period of September 1, 2025 to February 28, 2026. You can find additional information about the fund at jhinvestments.com/documents. You can also request this information by contacting us at 800-225-5291.
What were the fund costs during the last 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
Lifestyle Blend Conservative Portfolio
(Class R6/JLCSX)
$20 0.39%
Fund Statistics
Fund net assets $378,138,245
Total number of portfolio holdings 26
Portfolio turnover rate 10%
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 49.4%
Fixed income 39.9%
Equity 9.5%
Unaffiliated investment companies 40.8%
Fixed income 28.2%
Equity 12.6%
U.S. Government and Agency obligations 9.7%
U.S. Government 9.7%
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.

MF5244537

4082SA-R6

2/26

4/26

John Hancock Lifestyle Blend Conservative Portfolio

ITEM 2. CODE OF ETHICS.

Item is not applicable at this time.


ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.

Item is not applicable at this time.


ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.

Item is not applicable at this time.


ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS.

Item is not applicable at this time.


ITEM 6. SCHEDULE OF INVESTMENTS.

(a) Refer to information included in Item 7.

(b) Not applicable.


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

The Registrant prepared financial statements and financial highlights for the six months ended February 28, 2026 for the following funds:

  • John Hancock Lifestyle Blend Aggressive Portfolio

  • John Hancock Lifestyle Blend Balanced Portfolio

  • John Hancock Lifestyle Blend Conservative Portfolio

  • John Hancock Lifestyle Blend Growth Portfolio

  • John Hancock Lifestyle Blend Moderate Portfolio


Semiannual Financial Statements & Other N-CSR Items
John Hancock
Lifestyle Blend Portfolios
Asset allocation
February 28, 2026
John Hancock
Lifestyle Blend Portfolios
Table of contents
2 Portfolios' investments
6 Financial statements
10 Financial highlights
15 Notes to financial statements
26 Shareholder meeting
1 JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS |
Table of Contents
Portfolios' investments
LIFESTYLE BLEND AGGRESSIVE PORTFOLIO
As of 2-28-26 (unaudited)
Shares or
Principal
Amount
Value
AFFILIATED INVESTMENT COMPANIES (A) - 63.0%
Equity - 62.0%
International Strategic Equity Allocation, Class NAV, JHF II (MIM US) (B) 15,308,613 $210,952,687
U.S. Sector Rotation, Class NAV, JHF II (MIM US) (B) 18,220,653 246,889,854
Fixed income - 1.0%
Bond, Class NAV, JHSB (MIM US) (B) 143,074 1,985,866
Emerging Markets Debt, Class NAV, JHF II (MIM US) (B) 462,057 3,825,832
High Yield, Class NAV, JHBT (MIM US) (B) 625,246 1,906,999
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost
$345,402,867)
$465,561,238
UNAFFILIATED INVESTMENT COMPANIES - 36.4%
Equity - 35.7%
Fidelity Mid Cap Index Fund 2,241,385 88,579,515
Fidelity Small Cap Index Fund 1,344,399 44,163,518
iShares Global Infrastructure ETF 34,844 2,417,128
iShares MSCI Global Min Vol Factor ETF 26,076 3,264,715
Vanguard Dividend Appreciation ETF 14,219 3,237,666
Vanguard Energy ETF (C) 58,093 9,154,876
Vanguard FTSE Developed Markets ETF 545,597 38,322,733
Vanguard FTSE Emerging Markets ETF (C) 197,766 11,490,205
Vanguard Global ex-U.S. Real Estate ETF 47,301 2,398,634
Vanguard Materials ETF 19,834 4,842,074
Vanguard Real Estate ETF 75,590 7,233,208
Vanguard S&P 500 ETF 76,990 48,583,770
Alternative and specialty - 0.7%
Invesco Optimum Yield Diversified Commodity Strategy No. K-1 ETF 333,513 4,976,014
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost
$199,242,661)
$268,664,056
COMMON STOCKS - 0.0%
Consumer staples - 0.0%
China Huishan Dairy Holdings Company, Ltd. (D)(E) 11,471 0
ICA Gruppen AB (D)(E) 493 0
Health care - 0.0%
NMC Health PLC (D)(E) 360 0
Real estate - 0.0%
Dalian Wanda Commercial Properties Company, Ltd., H Shares (D)(E)(F) 9,174 27,705
Utilities - 0.0%
China Common Rich Renewable Energy Investments, Ltd. (D)(E) 46,457 0
TOTAL COMMON STOCKS (Cost $11,582) $27,705
U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 0.6%
U.S. Government - 0.6%
U.S. Treasury STRIPS, PO, 4.753%, 05/15/2055 $2,851,800 720,406
U.S. Treasury STRIPS, PO, 4.785%, 02/15/2054 5,040,500 1,338,351
U.S. Treasury STRIPS, PO, 4.807%, 11/15/2052 4,201,400 1,176,811
U.S. Treasury STRIPS, PO, 4.830%, 08/15/2051 3,354,500 991,982
LIFESTYLE BLEND AGGRESSIVE PORTFOLIO (continued)
Shares or
Principal
Amount
Value
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost
$4,559,342)
$4,227,550
SHORT-TERM INVESTMENTS - 1.1%
Short-term funds - 1.1%
John Hancock Collateral Trust, 3.5447% (G)(H) 862,447 $8,627,053
TOTAL SHORT-TERM INVESTMENTS (Cost $8,627,435) $8,627,053
Total investments (Cost $557,843,887) - 101.1% $747,107,602
Other assets and liabilities, net - (1.1%) (8,474,083)
TOTAL NET ASSETS - 100.0% $738,633,519
LIFESTYLE BLEND GROWTH PORTFOLIO
As of 2-28-26 (unaudited)
Shares or
Principal
Amount
Value
AFFILIATED INVESTMENT COMPANIES (A) - 59.0%
Equity - 49.8%
International Strategic Equity Allocation, Class NAV, JHF II (MIM US) (B) 24,609,280 $339,115,877
U.S. Sector Rotation, Class NAV, JHF II (MIM US) (B) 29,789,521 403,648,013
Fixed income - 9.2%
Bond, Class NAV, JHSB (MIM US) (B) 4,766,080 66,153,190
Emerging Markets Debt, Class NAV, JHF II (MIM US) (B) 3,520,145 29,146,803
Global Senior Loan ETF, JHETF (CQS) (B) 863,655 21,271,823
High Yield, Class NAV, JHBT (MIM US) (B) 6,961,509 21,232,602
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost
$675,111,683)
$880,568,308
UNAFFILIATED INVESTMENT COMPANIES - 38.5%
Equity - 32.2%
Fidelity Mid Cap Index Fund 3,589,306 141,849,382
Fidelity Small Cap Index Fund 2,167,883 71,214,942
iShares Global Infrastructure ETF 54,507 3,781,151
iShares MSCI Global Min Vol Factor ETF 314,443 39,368,264
Vanguard Dividend Appreciation ETF 110,545 25,171,097
Vanguard Energy ETF (C) 91,347 14,395,374
Vanguard FTSE Developed Markets ETF 1,208,860 84,910,326
Vanguard FTSE Emerging Markets ETF 278,236 16,165,512
Vanguard Global ex-U.S. Real Estate ETF 74,321 3,768,818
Vanguard Materials ETF (C) 31,025 7,574,133
Vanguard Real Estate ETF 118,760 11,364,141
Vanguard S&P 500 ETF 96,939 61,172,387
Fixed income - 5.6%
Vanguard Short-Term Corporate Bond ETF 236,042 18,930,568
Vanguard Total Bond Market ETF 862,684 64,847,956
Alternative and specialty - 0.7%
Invesco Optimum Yield Diversified Commodity Strategy No. K-1 ETF 667,132 9,953,609
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost
$432,290,818)
$574,467,660
SEE NOTES TO FINANCIAL STATEMENTS | JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS 2
Table of Contents
LIFESTYLE BLEND GROWTH PORTFOLIO (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS - 0.0%
Consumer staples - 0.0%
China Huishan Dairy Holdings Company, Ltd. (D)(E) 19,400 $0
ICA Gruppen AB (D)(E) 833 0
Health care - 0.0%
NMC Health PLC (D)(E) 609 0
Real estate - 0.0%
Dalian Wanda Commercial Properties Company, Ltd., H Shares (D)(E)(F) 15,517 46,857
Utilities - 0.0%
China Common Rich Renewable Energy Investments, Ltd. (D)(E) 78,570 0
TOTAL COMMON STOCKS (Cost $19,587) $46,857
U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 2.5%
U.S. Government - 2.5%
U.S. Treasury Inflation Protected Security, 0.125%, 04/15/2027 $1,459,224 1,447,019
U.S. Treasury Inflation Protected Security, 1.250%, 04/15/2028 9,085,912 9,141,709
U.S. Treasury Inflation Protected Security, 1.625%, 04/15/2030 9,089,633 9,277,944
U.S. Treasury Inflation Protected Security, 2.125%, 04/15/2029 8,580,709 8,869,261
U.S. Treasury STRIPS, PO, 4.753%, 05/15/2055 5,810,000 1,467,690
U.S. Treasury STRIPS, PO, 4.785%, 02/15/2054 10,385,300 2,757,500
U.S. Treasury STRIPS, PO, 4.807%, 11/15/2052 8,656,600 2,424,712
U.S. Treasury STRIPS, PO, 4.830%, 08/15/2051 6,834,000 2,020,929
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost
$37,555,602)
$37,406,764
SHORT-TERM INVESTMENTS - 0.2%
Short-term funds - 0.2%
John Hancock Collateral Trust, 3.5447% (G)(H) 361,557 3,616,655
TOTAL SHORT-TERM INVESTMENTS (Cost $3,616,720) $3,616,655
Total investments (Cost $1,148,594,410) - 100.2% $1,496,106,244
Other assets and liabilities, net - (0.2%) (3,467,692)
TOTAL NET ASSETS - 100.0% $1,492,638,552
LIFESTYLE BLEND BALANCED PORTFOLIO
As of 2-28-26 (unaudited)
Shares or
Principal
Amount
Value
AFFILIATED INVESTMENT COMPANIES (A) - 56.5%
Equity - 37.3%
International Strategic Equity Allocation, Class NAV, JHF II (MIM US) (B) 17,711,747 $244,067,875
U.S. Sector Rotation, Class NAV, JHF II (MIM US) (B) 22,883,901 310,076,866
Fixed income - 19.2%
Bond, Class NAV, JHSB (MIM US) (B) 10,472,245 145,354,765
LIFESTYLE BLEND BALANCED PORTFOLIO (continued)
Shares or
Principal
Amount
Value
Fixed income - (continued)
Emerging Markets Debt, Class NAV, JHF II (MIM US) (B) 6,936,070 $57,430,658
Global Senior Loan ETF, JHETF (CQS) (B) 1,683,736 41,470,418
High Yield, Class NAV, JHBT (MIM US) (B) 13,583,946 41,431,037
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost
$682,459,465)
$839,831,619
UNAFFILIATED INVESTMENT COMPANIES - 38.7%
Equity - 25.4%
Fidelity Mid Cap Index Fund 2,629,669 103,924,509
Fidelity Small Cap Index Fund 1,555,056 51,083,581
iShares Global Infrastructure ETF 40,104 2,782,014
iShares MSCI Global Min Vol Factor ETF 368,271 46,107,529
Vanguard Dividend Appreciation ETF 131,170 29,867,409
Vanguard Energy ETF 67,417 10,624,245
Vanguard FTSE Developed Markets ETF 1,098,107 77,131,036
Vanguard FTSE Emerging Markets ETF 169,837 9,867,530
Vanguard Global ex-U.S. Real Estate ETF 54,712 2,774,446
Vanguard Materials ETF 22,896 5,589,600
Vanguard Real Estate ETF 87,161 8,340,435
Vanguard S&P 500 ETF 47,350 29,879,744
Fixed income - 12.6%
Vanguard Short-Term Bond ETF 84,741 6,717,419
Vanguard Short-Term Corporate Bond ETF 466,825 37,439,365
Vanguard Total Bond Market ETF 1,905,379 143,227,339
Alternative and specialty - 0.7%
Invesco Optimum Yield Diversified Commodity Strategy No. K-1 ETF 676,989 10,100,676
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost
$460,700,995)
$575,456,877
COMMON STOCKS - 0.0%
Consumer staples - 0.0%
China Huishan Dairy Holdings Company, Ltd. (D)(E) 14,022 0
ICA Gruppen AB (D)(E) 602 0
Health care - 0.0%
NMC Health PLC (D)(E) 440 0
Real estate - 0.0%
Dalian Wanda Commercial Properties Company, Ltd., H Shares (D)(E)(F) 11,215 33,866
Utilities - 0.0%
China Common Rich Renewable Energy Investments, Ltd. (D)(E) 56,786 0
TOTAL COMMON STOCKS (Cost $14,156) $33,866
U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 4.7%
U.S. Government - 4.7%
U.S. Treasury Inflation Protected Security, 0.125%, 04/15/2027 $2,903,068 2,878,786
U.S. Treasury Inflation Protected Security, 1.250%, 04/15/2028 18,141,681 18,253,090
U.S. Treasury Inflation Protected Security, 1.625%, 04/15/2030 18,083,167 18,457,800
3 JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS | SEE NOTES TO FINANCIAL STATEMENTS
Table of Contents
LIFESTYLE BLEND BALANCED PORTFOLIO (continued)
Shares or
Principal
Amount
Value
U.S. Government - (continued)
U.S. Treasury Inflation Protected Security, 2.125%, 04/15/2029 17,133,130 $17,709,283
U.S. Treasury STRIPS, PO, 4.753%, 05/15/2055 8,716,100 2,201,813
U.S. Treasury STRIPS, PO, 4.785%, 02/15/2054 15,775,500 4,188,703
U.S. Treasury STRIPS, PO, 4.807%, 11/15/2052 13,149,700 3,683,228
U.S. Treasury STRIPS, PO, 4.830%, 08/15/2051 10,252,500 3,031,837
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost
$70,609,965)
$70,404,540
SHORT-TERM INVESTMENTS - 0.0%
Short-term funds - 0.0%
John Hancock Collateral Trust, 3.5447% (G)(I) 130 1,298
TOTAL SHORT-TERM INVESTMENTS (Cost $1,297) $1,298
Total investments (Cost $1,213,785,878) - 99.9% $1,485,728,200
Other assets and liabilities, net - 0.1% 784,012
TOTAL NET ASSETS - 100.0% $1,486,512,212
LIFESTYLE BLEND MODERATE PORTFOLIO
As of 2-28-26 (unaudited)
Shares or
Principal
Amount
Value
AFFILIATED INVESTMENT COMPANIES (A) - 52.3%
Equity - 22.5%
International Strategic Equity Allocation, Class NAV, JHF II (MIM US) (B) 3,469,578 $47,810,789
U.S. Sector Rotation, Class NAV, JHF II (MIM US) (B) 4,790,075 64,905,515
Fixed income - 29.8%
Bond, Class NAV, JHSB (MIM US) (B) 5,559,883 77,171,171
Emerging Markets Debt, Class NAV, JHF II (MIM US) (B) 3,548,040 29,377,768
Global Senior Loan ETF, JHETF (CQS) (B) 863,635 21,271,330
High Yield, Class NAV, JHBT (MIM US) (B) 6,977,657 21,281,853
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost
$227,914,975)
$261,818,426
UNAFFILIATED INVESTMENT COMPANIES - 41.3%
Equity - 19.8%
Fidelity Mid Cap Index Fund 616,908 24,380,195
Fidelity Small Cap Index Fund 317,587 10,432,719
iShares Global Infrastructure ETF 10,311 715,274
iShares MSCI Global Min Vol Factor ETF 142,696 17,865,539
Vanguard Dividend Appreciation ETF 51,365 11,695,811
Vanguard Energy ETF (C) 17,378 2,738,599
Vanguard FTSE Developed Markets ETF 264,231 18,559,585
Vanguard FTSE Emerging Markets ETF 47,264 2,746,038
Vanguard Global ex-U.S. Real Estate ETF 14,066 713,287
Vanguard Materials ETF 5,885 1,436,705
Vanguard Real Estate ETF 22,441 2,147,382
Vanguard S&P 500 ETF 9,310 5,874,982
Fixed income - 20.8%
Vanguard Short-Term Bond ETF 42,661 3,381,737
LIFESTYLE BLEND MODERATE PORTFOLIO (continued)
Shares or
Principal
Amount
Value
Fixed income - (continued)
Vanguard Short-Term Corporate Bond ETF 282,425 $22,650,485
Vanguard Total Bond Market ETF 1,038,858 78,090,956
Alternative and specialty - 0.7%
Invesco Optimum Yield Diversified Commodity Strategy No. K-1 ETF 230,409 3,437,702
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost
$176,871,228)
$206,866,996
COMMON STOCKS - 0.0%
Consumer staples - 0.0%
China Huishan Dairy Holdings Company, Ltd. (D)(E) 2,691 0
ICA Gruppen AB (D)(E) 116 0
Health care - 0.0%
NMC Health PLC (D)(E) 84 0
Real estate - 0.0%
Dalian Wanda Commercial Properties Company, Ltd., H Shares (D)(E)(F) 2,149 6,489
Utilities - 0.0%
China Common Rich Renewable Energy Investments, Ltd. (D)(E) 10,897 0
TOTAL COMMON STOCKS (Cost $2,716) $6,489
U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 6.4%
U.S. Government - 6.4%
U.S. Treasury Inflation Protected Security, 0.125%, 04/15/2027 $1,467,602 1,455,327
U.S. Treasury Inflation Protected Security, 1.250%, 04/15/2028 9,246,023 9,302,803
U.S. Treasury Inflation Protected Security, 1.625%, 04/15/2030 9,141,448 9,330,834
U.S. Treasury Inflation Protected Security, 2.125%, 04/15/2029 8,732,308 9,025,958
U.S. Treasury STRIPS, PO, 4.753%, 05/15/2055 1,974,000 498,661
U.S. Treasury STRIPS, PO, 4.785%, 02/15/2054 3,588,000 952,684
U.S. Treasury STRIPS, PO, 4.807%, 11/15/2052 2,990,800 837,722
U.S. Treasury STRIPS, PO, 4.830%, 08/15/2051 2,322,300 686,743
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost
$31,891,242)
$32,090,732
SHORT-TERM INVESTMENTS - 0.5%
Short-term funds - 0.5%
John Hancock Collateral Trust, 3.5447% (G)(H) 259,968 2,600,462
TOTAL SHORT-TERM INVESTMENTS (Cost $2,600,539) $2,600,462
Total investments (Cost $439,280,700) - 100.5% $503,383,105
Other assets and liabilities, net - (0.5%) (2,429,040)
TOTAL NET ASSETS - 100.0% $500,954,065
SEE NOTES TO FINANCIAL STATEMENTS | JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS 4
Table of Contents
LIFESTYLE BLEND CONSERVATIVE PORTFOLIO
As of 2-28-26 (unaudited)
Shares or
Principal
Amount
Value
AFFILIATED INVESTMENT COMPANIES (A) - 49.4%
Equity - 9.5%
International Strategic Equity Allocation, Class NAV, JHF II (MIM US) (B) 1,106,625 $15,249,289
U.S. Sector Rotation, Class NAV, JHF II (MIM US) (B) 1,518,407 20,574,415
Fixed income - 39.9%
Bond, Class NAV, JHSB (MIM US) (B) 5,656,534 78,512,694
Emerging Markets Debt, Class NAV, JHF II (MIM US) (B) 3,566,704 29,532,311
Global Senior Loan ETF, JHETF (CQS) (B) 867,890 21,376,131
High Yield, Class NAV, JHBT (MIM US) (B) 7,053,587 21,513,439
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost
$172,922,267)
$186,758,279
UNAFFILIATED INVESTMENT COMPANIES - 40.8%
Equity - 12.6%
Fidelity Mid Cap Index Fund 236,061 9,329,121
Fidelity Small Cap Index Fund 145,819 4,790,141
iShares MSCI Global Min Vol Factor ETF 46,191 5,783,113
Vanguard Dividend Appreciation ETF 15,307 3,485,404
Vanguard FTSE Developed Markets ETF (C) 171,671 12,058,171
Vanguard FTSE Emerging Markets ETF (C) 26,146 1,519,083
Vanguard S&P 500 ETF 16,767 10,580,648
Fixed income - 28.2%
Vanguard Short-Term Bond ETF 58,092 4,604,953
Vanguard Short-Term Corporate Bond ETF 268,998 21,573,639
Vanguard Total Bond Market ETF 1,072,431 80,614,638
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost
$140,016,181)
$154,338,911
COMMON STOCKS - 0.0%
Consumer staples - 0.0%
China Huishan Dairy Holdings Company, Ltd. (D)(E) 955 0
ICA Gruppen AB (D)(E) 41 0
Health care - 0.0%
NMC Health PLC (D)(E) 30 0
Real estate - 0.0%
Dalian Wanda Commercial Properties Company, Ltd., H Shares (D)(E)(F) 762 2,302
Utilities - 0.0%
China Common Rich Renewable Energy Investments, Ltd. (D)(E) 3,867 0
TOTAL COMMON STOCKS (Cost $965) $2,302
U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 9.7%
U.S. Government - 9.7%
U.S. Treasury Inflation Protected Security, 0.125%, 04/15/2027 $1,859,093 1,843,543
U.S. Treasury Inflation Protected Security, 1.250%, 04/15/2028 11,692,412 11,764,216
U.S. Treasury Inflation Protected Security, 1.625%, 04/15/2030 11,579,534 11,819,430
LIFESTYLE BLEND CONSERVATIVE PORTFOLIO (continued)
Shares or
Principal
Amount
Value
U.S. Government - (continued)
U.S. Treasury Inflation Protected Security, 2.125%, 04/15/2029 11,042,966 $11,414,319
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost
$36,260,502)
$36,841,508
SHORT-TERM INVESTMENTS - 3.3%
Short-term funds - 3.3%
John Hancock Collateral Trust, 3.5447% (G)(H) 1,229,224 12,295,932
TOTAL SHORT-TERM INVESTMENTS (Cost $12,296,301) $12,295,932
Total investments (Cost $361,496,216) - 103.2% $390,236,932
Other assets and liabilities, net - (3.2%) (12,098,687)
TOTAL NET ASSETS - 100.0% $378,138,245
Percentages are based upon net assets.
Security Abbreviations and Legend
CQS CQS (US), LLC
JHBT John Hancock Bond Trust
JHETF John Hancock Exchange-Traded Fund 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) All or a portion of this security is on loan as of 2-28-26.
(D) 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.
(E) Non-income producing.
(F) 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.
(G) The rate shown is the annualized seven-day yield as of 2-28-26.
(H) Investment is an affiliate of the fund, the advisor and/or subadvisor. A portion of this security represents the investment of cash collateral received for securities lending.
(I) Investment is an affiliate of the fund, the advisor and/or subadvisor.
5 JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS | SEE NOTES TO FINANCIAL STATEMENTS
Table of Contents
Financial statements
STATEMENTS OF ASSETS AND LIABILITIES 2-28-26 (unaudited)
Lifestyle Blend Aggressive Portfolio Lifestyle Blend Growth Portfolio Lifestyle Blend Balanced Portfolio Lifestyle Blend Moderate Portfolio Lifestyle Blend Conservative Portfolio
Assets
Unaffiliated investments, at value (including securities loaned) $272,919,311 $611,921,281 $645,895,283 $238,964,217 $191,182,721
Affiliated investments, at value 474,188,291 884,184,963 839,832,917 264,418,888 199,054,211
Total investments, at value 747,107,602 1,496,106,244 1,485,728,200 503,383,105 390,236,932
Dividends and interest receivable 125,084 801,356 1,448,375 714,672 757,866
Receivable for fund shares sold 529,522 110,753 1,079,154 90,376 75,470
Receivable for investments sold - 1,731,715 5,752,155 1,502,232 1,287,286
Receivable for securities lending income 1,848 198 301 1,787 4,211
Receivable from affiliates - - - 117 210
Other assets 46,899 87,236 86,294 39,461 27,875
Total assets 747,810,955 1,498,837,502 1,494,094,479 505,731,750 392,389,850
Liabilities
Due to custodian 14,534 31,067 3,517,932 216,549 1,290,013
Payable for investments purchased 818,078 1,851,717 3,221,621 1,805,673 543,655
Payable for fund shares repurchased 62,109 1,977,373 704,597 78,696 57,192
Payable upon return of securities loaned 8,202,400 2,212,750 - 2,599,400 12,291,475
Payable to affiliates
Accounting and legal services fees 20,964 42,632 42,334 14,312 10,865
Transfer agent fees 12,520 28,700 40,456 17,310 13,578
Trustees' fees 1,277 2,677 2,700 947 772
Other liabilities and accrued expenses 45,554 52,034 52,627 44,798 44,055
Total liabilities 9,177,436 6,198,950 7,582,267 4,777,685 14,251,605
Net assets $738,633,519 $1,492,638,552 $1,486,512,212 $500,954,065 $378,138,245
Net assets consist of
Paid-in capital $539,581,395 $1,128,260,567 $1,206,677,010 $444,652,589 $363,028,704
Total distributable earnings (loss) 199,052,124 364,377,985 279,835,202 56,301,476 15,109,541
Net assets $738,633,519 $1,492,638,552 $1,486,512,212 $500,954,065 $378,138,245
Unaffiliated investments, at cost $203,813,585 $469,866,007 $531,325,116 $208,765,186 $176,277,648
Affiliated investments, at cost 354,030,302 678,728,403 682,460,762 230,515,514 185,218,568
Total investments, at cost 557,843,887 1,148,594,410 1,213,785,878 439,280,700 361,496,216
Securities loaned, at value $8,032,744 $2,167,618 - $2,545,280 $12,044,728
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 $151,989,040 $345,728,622 $489,810,124 $210,566,872 $163,883,908
Shares outstanding 9,454,343 23,113,909 36,633,111 17,392,921 15,049,900
Net asset value and redemption price per share $16.08 $14.96 $13.37 $12.11 $10.89
Class R6
Net assets $27,572,250 $60,945,992 $50,811,133 $12,935,143 $12,132,246
Shares outstanding 1,713,843 4,066,897 3,801,797 1,067,640 1,113,423
Net asset value, offering price and redemption price per share $16.09 $14.99 $13.37 $12.12 $10.90
Class 1
Net assets $559,072,229 $1,085,963,938 $945,890,955 $277,452,050 $202,122,091
Shares outstanding 34,788,187 72,655,221 70,809,394 22,907,331 18,555,787
Net asset value, offering price and redemption price per share $16.07 $14.95 $13.36 $12.11 $10.89
Maximum offering price per share
Class A (net asset value per share ÷ 95%)2 $16.93 $15.75 $14.07 $12.75 $11.46
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 | JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS 6
Table of Contents
STATEMENTS OF OPERATIONS For the six months ended 2-28-26 (unaudited)
Lifestyle Blend Aggressive Portfolio Lifestyle Blend Growth Portfolio Lifestyle Blend Balanced Portfolio Lifestyle Blend Moderate Portfolio Lifestyle Blend Conservative Portfolio
Investment income
Dividends from affiliated investments $7,417,852 $15,202,542 $15,889,374 $5,555,137 $4,465,195
Dividends from unaffiliated investments 3,129,071 7,647,409 8,706,529 3,414,664 2,729,936
Interest 97,666 568,780 1,048,508 446,731 488,153
Securities lending 4,470 7,193 6,396 4,556 10,146
Total investment income 10,649,059 23,425,924 25,650,807 9,421,088 7,693,430
Expenses
Investment management fees 731,816 1,842,186 2,205,474 887,969 773,969
Distribution and service fees 338,951 739,416 909,862 364,216 281,338
Accounting and legal services fees 62,319 127,562 127,842 43,464 33,260
Transfer agent fees 75,826 175,298 247,868 107,570 83,692
Trustees' fees 7,632 15,836 15,734 5,418 4,225
Custodian fees 13,145 13,889 13,889 13,889 13,889
State registration fees 21,021 29,578 28,718 23,456 21,446
Printing and postage 12,006 13,906 14,166 12,135 11,942
Professional fees 30,249 41,032 41,143 27,354 25,777
Other 14,748 24,107 23,621 12,455 11,347
Total expenses 1,307,713 3,022,810 3,628,317 1,497,926 1,260,885
Less expense reductions (6,892) (139,462) (296,089) (167,905) (184,542)
Net expenses 1,300,821 2,883,348 3,332,228 1,330,021 1,076,343
Net investment income 9,348,238 20,542,576 22,318,579 8,091,067 6,617,087
Realized and unrealized gain (loss)
Net realized gain (loss) on
Unaffiliated investments 2,654,580 7,736,226 7,107,448 2,756,144 1,568,800
Affiliated investments 2,182,681 5,189,599 5,723,361 2,823,120 1,066,758
Capital gain distributions received from affiliated investments 12,004,794 19,969,176 14,946,638 3,149,828 955,028
16,842,055 32,895,001 27,777,447 8,729,092 3,590,586
Change in net unrealized appreciation (depreciation) of
Unaffiliated investments 23,013,033 41,226,823 34,256,554 8,733,685 4,656,354
Affiliated investments 30,315,209 49,142,794 35,818,045 6,455,348 3,084,505
53,328,242 90,369,617 70,074,599 15,189,033 7,740,859
Net realized and unrealized gain 70,170,297 123,264,618 97,852,046 23,918,125 11,331,445
Increase in net assets from operations $79,518,535 $143,807,194 $120,170,625 $32,009,192 $17,948,532
7 JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS | SEE NOTES TO FINANCIAL STATEMENTS
Table of Contents
STATEMENTS OF CHANGES IN NET ASSETS
Lifestyle Blend Aggressive Portfolio Lifestyle Blend Growth Portfolio Lifestyle Blend Balanced Portfolio
Six months ended
2-28-26
(unaudited)
Year ended
8-31-25
Six months ended
2-28-26
(unaudited)
Year ended
8-31-25
Six months ended
2-28-26
(unaudited)
Year ended
8-31-25
Increase (decrease) in net assets
From operations
Net investment income $9,348,238 $8,586,809 $20,542,576 $24,752,961 $22,318,579 $32,667,862
Net realized gain 16,842,055 23,547,009 32,895,001 39,177,535 27,777,447 30,289,134
Change in net unrealized appreciation (depreciation) 53,328,242 42,842,882 90,369,617 76,479,781 70,074,599 54,562,290
Increase in net assets resulting from operations 79,518,535 74,976,700 143,807,194 140,410,277 120,170,625 117,519,286
Distributions to shareholders
From earnings
Class A (6,242,727) (1,412,327) (11,924,453) (3,859,151) (7,373,812) (8,152,310)
Class R6 (1,303,937) (474,518) (2,417,596) (1,042,582) (900,722) (1,118,648)
Class 1 (25,326,146) (7,888,778) (41,893,590) (18,873,508) (16,515,564) (23,524,901)
Total distributions (32,872,810) (9,775,623) (56,235,639) (23,775,241) (24,790,098) (32,795,859)
Portfolio share transactions
From portfolio share transactions 30,209,471 9,789,932 27,319,100 (25,188,547) 4,695,901 (19,216,010)
Total increase 76,855,196 74,991,009 114,890,655 91,446,489 100,076,428 65,507,417
Net assets
Beginning of period 661,778,323 586,787,314 1,377,747,897 1,286,301,408 1,386,435,784 1,320,928,367
End of period $738,633,519 $661,778,323 $1,492,638,552 $1,377,747,897 $1,486,512,212 $1,386,435,784
SEE NOTES TO FINANCIAL STATEMENTS | JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS 8
Table of Contents
STATEMENTS OF CHANGES IN NET ASSETS
Continued
Lifestyle Blend Moderate Portfolio Lifestyle Blend Conservative Portfolio
Six months ended
2-28-26
(unaudited)
Year ended
8-31-25
Six months ended
2-28-26
(unaudited)
Year ended
8-31-25
Increase (decrease) in net assets
From operations
Net investment income $8,091,067 $13,037,482 $6,617,087 $12,280,868
Net realized gain 8,729,092 4,708,062 3,590,586 4,210,391
Change in net unrealized appreciation (depreciation) 15,189,033 14,558,443 7,740,859 5,033,956
Increase in net assets resulting from operations 32,009,192 32,303,987 17,948,532 21,525,215
Distributions to shareholders
From earnings
Class A (3,591,459) (4,389,396) (3,059,642) (4,263,902)
Class R6 (238,950) (334,222) (244,707) (318,316)
Class 1 (5,435,697) (8,213,412) (4,475,809) (7,467,399)
Total distributions (9,266,106) (12,937,030) (7,780,158) (12,049,617)
Portfolio share transactions
From portfolio share transactions 11,180,002 26,349,881 2,370,431 33,296,532
Total increase 33,923,088 45,716,838 12,538,805 42,772,130
Net assets
Beginning of period 467,030,977 421,314,139 365,599,440 322,827,310
End of period $500,954,065 $467,030,977 $378,138,245 $365,599,440
9 JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS | SEE NOTES TO FINANCIAL STATEMENTS
Table of Contents
Financial highlights
Lifestyle Blend Aggressive Portfolio
Per share operating performance for a share outstanding throughout each period Ratios and supplemental data
Income (loss) from investment operations Less distributions Ratios to average net assets
Period ended Net asset
value,
beginning
of period ($)
Net
investment
income
(loss) ($)1, 2
Net realized and
unrealized
gain (loss)
on investments ($)
Total from
investment
operations ($)
From net
investment
income ($)
From net
realized
gain ($)
Total
distributions ($)
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 millions)
Portfolio
turnover
(%)
Lifestyle Blend Aggressive Portfolio
Class A
02-28-20265 15.03 0.19 1.56 1.75 (0.18) (0.52) (0.70) 16.08 11.886, 7 0.678 0.668 1.368 152 6
08-31-2025 13.56 0.15 1.51 1.66 (0.16) (0.03) (0.19) 15.03 12.407 0.68 0.68 1.11 126 20
08-31-2024 11.48 0.15 2.12 2.27 (0.19) - (0.19) 13.56 19.957 0.70 0.70 1.27 94 17
08-31-2023 11.86 0.11 0.88 0.99 (0.11) (1.26) (1.37) 11.48 9.697 0.71 0.70 0.98 62 16
08-31-2022 14.98 0.09 (2.16) (2.07) (0.14) (0.91) (1.05) 11.86 (15.01)7 0.68 0.68 0.69 43 91
08-31-20219 14.31 (0.02) 0.69 0.67 - - - 14.98 4.686, 7 0.658 0.658 (0.30)8 9 17
Class R6
02-28-20265 15.07 0.22 1.56 1.78 (0.24) (0.52) (0.76) 16.09 12.066 0.268 0.268 1.708 28 6
08-31-2025 13.59 0.22 1.50 1.72 (0.21) (0.03) (0.24) 15.07 12.89 0.28 0.27 1.62 27 20
08-31-2024 11.50 0.21 2.11 2.32 (0.23) - (0.23) 13.59 20.46 0.29 0.29 1.69 25 17
08-31-2023 11.88 0.16 0.88 1.04 (0.16) (1.26) (1.42) 11.50 10.16 0.30 0.29 1.42 17 16
08-31-2022 15.01 0.16 (2.18) (2.02) (0.20) (0.91) (1.11) 11.88 (14.70) 0.27 0.27 1.19 14 91
08-31-2021 11.94 0.17 3.34 3.51 (0.17) (0.27) (0.44) 15.01 30.02 0.25 0.25 1.22 12 17
Class 1
02-28-20265 15.05 0.21 1.56 1.77 (0.23) (0.52) (0.75) 16.07 12.036 0.318 0.318 1.678 559 6
08-31-2025 13.57 0.20 1.52 1.72 (0.21) (0.03) (0.24) 15.05 12.87 0.32 0.32 1.48 509 20
08-31-2024 11.48 0.21 2.11 2.32 (0.23) - (0.23) 13.57 20.45 0.34 0.33 1.73 467 17
08-31-2023 11.87 0.16 0.86 1.02 (0.15) (1.26) (1.41) 11.48 10.02 0.34 0.34 1.45 412 16
08-31-2022 15.00 0.18 (2.20) (2.02) (0.20) (0.91) (1.11) 11.87 (14.74) 0.31 0.31 1.30 392 91
08-31-2021 11.93 0.16 3.35 3.51 (0.17) (0.27) (0.44) 15.00 30.00 0.29 0.29 1.20 489 17
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 2-28-26. 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 4-26-21.
SEE NOTES TO FINANCIAL STATEMENTS | JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS 10
Table of Contents
Financial highlights continued
Lifestyle Blend Growth Portfolio
Per share operating performance for a share outstanding throughout each period Ratios and supplemental data
Income (loss) from investment operations Less distributions Ratios to average net assets
Period ended Net asset
value,
beginning
of period ($)
Net
investment
income
(loss) ($)1, 2
Net realized and
unrealized
gain (loss)
on investments ($)
Total from
investment
operations ($)
From net
investment
income ($)
From net
realized
gain ($)
Total
distributions ($)
Net asset
value,
end of
period ($)
Total
return
(%)3
Expenses
before
reductions
(%)4
Expenses
including
reductions
(%)4
Net
investment
income
(loss) (%)2
Net
assets,
end of
period
(in millions)
Portfolio
turnover
(%)
Lifestyle Blend Growth Portfolio
Class A
02-28-20265 14.06 0.19 1.25 1.44 (0.24) (0.30) (0.54) 14.96 10.426, 7 0.718 0.698 1.778 346 7
08-31-2025 12.88 0.21 1.17 1.38 (0.20) - (0.20) 14.06 10.907 0.72 0.70 1.58 299 22
08-31-2024 11.11 0.20 1.78 1.98 (0.21) - (0.21) 12.88 18.057 0.74 0.73 1.69 231 26
08-31-2023 11.57 0.15 0.65 0.80 (0.17) (1.09) (1.26) 11.11 7.957 0.75 0.75 1.41 154 15
08-31-2022 14.32 0.14 (2.05) (1.91) (0.16) (0.68) (0.84) 11.57 (14.26)7 0.73 0.73 1.14 85 74
08-31-20219 13.73 -10 0.59 0.59 - - - 14.32 4.306, 7 0.708 0.708 0.068 20 22
Class R6
02-28-20265 14.11 0.22 1.26 1.48 (0.30) (0.30) (0.60) 14.99 10.666 0.308 0.288 2.218 61 7
08-31-2025 12.92 0.27 1.17 1.44 (0.25) - (0.25) 14.11 11.38 0.31 0.30 2.04 59 22
08-31-2024 11.15 0.24 1.79 2.03 (0.26) - (0.26) 12.92 18.43 0.33 0.32 2.03 48 26
08-31-2023 11.60 0.21 0.65 0.86 (0.22) (1.09) (1.31) 11.15 8.51 0.34 0.34 1.88 28 15
08-31-2022 14.37 0.22 (2.09) (1.87) (0.22) (0.68) (0.90) 11.60 (14.01) 0.32 0.32 1.69 24 74
08-31-2021 11.97 0.19 2.68 2.87 (0.20) (0.27) (0.47) 14.37 24.56 0.30 0.30 1.43 21 22
Class 1
02-28-20265 14.07 0.21 1.26 1.47 (0.29) (0.30) (0.59) 14.95 10.646 0.358 0.338 2.098 1,086 7
08-31-2025 12.89 0.26 1.17 1.43 (0.25) - (0.25) 14.07 11.33 0.36 0.34 1.99 1,020 22
08-31-2024 11.12 0.25 1.77 2.02 (0.25) - (0.25) 12.89 18.44 0.37 0.36 2.16 1,007 26
08-31-2023 11.58 0.21 0.63 0.84 (0.21) (1.09) (1.30) 11.12 8.39 0.39 0.39 1.89 903 15
08-31-2022 14.34 0.22 (2.08) (1.86) (0.22) (0.68) (0.90) 11.58 (14.00) 0.36 0.36 1.68 884 74
08-31-2021 11.95 0.19 2.67 2.86 (0.20) (0.27) (0.47) 14.34 24.48 0.34 0.34 1.48 1,096 22
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 2-28-26. 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 4-26-21.
10 Less than $0.005 per share.
11 JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS | SEE NOTES TO FINANCIAL STATEMENTS
Table of Contents
Lifestyle Blend Balanced Portfolio
Per share operating performance for a share outstanding throughout each period Ratios and supplemental data
Income (loss) from investment operations Less distributions Ratios to average net assets
Period ended Net asset
value,
beginning
of period ($)
Net
investment
income
(loss) ($)1, 2
Net realized and
unrealized
gain (loss)
on investments ($)
Total from
investment
operations ($)
From net
investment
income ($)
From net
realized
gain ($)
Total
distributions ($)
Net asset
value,
end of
period ($)
Total
return
(%)3
Expenses
before
reductions
(%)4
Expenses
including
reductions
(%)4
Net
investment
income
(loss) (%)2
Net
assets,
end of
period
(in millions)
Portfolio
turnover
(%)
Lifestyle Blend Balanced Portfolio
Class A
02-28-20265 12.51 0.19 0.88 1.07 (0.20) (0.01) (0.21) 13.37 8.616, 7 0.768 0.718 2.278 490 7
08-31-2025 11.74 0.26 0.77 1.03 (0.26) - (0.26) 12.51 8.987 0.77 0.73 2.18 424 24
08-31-2024 10.40 0.25 1.33 1.58 (0.24) - (0.24) 11.74 15.477 0.79 0.77 2.27 338 38
08-31-2023 10.82 0.19 0.39 0.58 (0.21) (0.79) (1.00) 10.40 6.087 0.80 0.80 1.90 232 15
08-31-2022 13.33 0.19 (1.93) (1.74) (0.19) (0.58) (0.77) 10.82 (13.85)7 0.79 0.79 1.62 126 58
08-31-20219 12.84 0.02 0.50 0.52 (0.03) - (0.03) 13.33 4.066, 7 0.768 0.768 0.558 28 32
Class R6
02-28-20265 12.51 0.21 0.88 1.09 (0.22) (0.01) (0.23) 13.37 8.756 0.358 0.318 2.698 51 7
08-31-2025 11.74 0.31 0.77 1.08 (0.31) - (0.31) 12.51 9.43 0.36 0.33 2.63 47 24
08-31-2024 10.40 0.28 1.35 1.63 (0.29) - (0.29) 11.74 15.93 0.38 0.36 2.59 39 38
08-31-2023 10.82 0.24 0.38 0.62 (0.25) (0.79) (1.04) 10.40 6.53 0.40 0.40 2.35 21 15
08-31-2022 13.33 0.25 (1.93) (1.68) (0.25) (0.58) (0.83) 10.82 (13.48) 0.38 0.38 2.11 16 58
08-31-2021 11.66 0.21 1.94 2.15 (0.22) (0.26) (0.48) 13.33 18.91 0.36 0.36 1.69 19 32
Class 1
02-28-20265 12.50 0.21 0.88 1.09 (0.22) (0.01) (0.23) 13.36 8.816 0.408 0.368 2.608 946 7
08-31-2025 11.73 0.31 0.77 1.08 (0.31) - (0.31) 12.50 9.38 0.40 0.37 2.59 916 24
08-31-2024 10.39 0.29 1.33 1.62 (0.28) - (0.28) 11.73 15.90 0.42 0.40 2.71 944 38
08-31-2023 10.82 0.25 0.36 0.61 (0.25) (0.79) (1.04) 10.39 6.40 0.44 0.44 2.38 881 15
08-31-2022 13.32 0.25 (1.93) (1.68) (0.24) (0.58) (0.82) 10.82 (13.45) 0.42 0.42 2.07 864 58
08-31-2021 11.65 0.22 1.93 2.15 (0.22) (0.26) (0.48) 13.32 18.87 0.40 0.40 1.73 1,074 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 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 2-28-26. 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 4-26-21.
SEE NOTES TO FINANCIAL STATEMENTS | JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS 12
Table of Contents
Financial highlights continued
Lifestyle Blend Moderate Portfolio
Per share operating performance for a share outstanding throughout each period Ratios and supplemental data
Income (loss) from investment operations Less distributions Ratios to average net assets
Period ended Net asset
value,
beginning
of period ($)
Net
investment
income
(loss) ($)1, 2
Net realized and
unrealized
gain (loss)
on investments ($)
Total from
investment
operations ($)
From net
investment
income ($)
From net
realized
gain ($)
Total
distributions ($)
Net asset
value,
end of
period ($)
Total
return
(%)3
Expenses
before
reductions
(%)4
Expenses
including
reductions
(%)4
Net
investment
income
(loss) (%)2
Net
assets,
end of
period
(in millions)
Portfolio
turnover
(%)
Lifestyle Blend Moderate Portfolio
Class A
02-28-20265 11.56 0.18 0.58 0.76 (0.21) -6 (0.21) 12.11 6.667, 8 0.839 0.769 2.769 211 10
08-31-2025 11.08 0.31 0.48 0.79 (0.31) - (0.31) 11.56 7.288 0.84 0.78 2.77 184 23
08-31-2024 10.08 0.29 0.99 1.28 (0.28) - (0.28) 11.08 12.968 0.86 0.82 2.81 143 47
08-31-2023 10.25 0.24 0.20 0.44 (0.24) (0.37) (0.61) 10.08 4.688 0.88 0.86 2.38 102 20
08-31-2022 12.34 0.22 (1.73) (1.51) (0.21) (0.37) (0.58) 10.25 (12.77)8 0.87 0.86 2.04 55 45
08-31-202110 11.98 0.04 0.36 0.40 (0.04) - (0.04) 12.34 3.337, 8 0.859 0.849 0.979 15 34
Class R6
02-28-20265 11.56 0.21 0.59 0.80 (0.24) -6 (0.24) 12.12 6.977 0.439 0.369 3.149 13 10
08-31-2025 11.08 0.35 0.48 0.83 (0.35) - (0.35) 11.56 7.72 0.43 0.37 3.19 11 23
08-31-2024 10.08 0.34 0.98 1.32 (0.32) - (0.32) 11.08 13.41 0.45 0.41 3.25 9 47
08-31-2023 10.25 0.28 0.20 0.48 (0.28) (0.37) (0.65) 10.08 5.12 0.48 0.46 2.81 7 20
08-31-2022 12.35 0.27 (1.74) (1.47) (0.26) (0.37) (0.63) 10.25 (12.49) 0.46 0.45 2.41 5 45
08-31-2021 11.40 0.21 1.21 1.42 (0.22) (0.25) (0.47) 12.35 12.73 0.45 0.44 1.81 4 34
Class 1
02-28-20265 11.56 0.20 0.58 0.78 (0.23) -6 (0.23) 12.11 6.857 0.479 0.419 3.099 277 10
08-31-2025 11.08 0.35 0.48 0.83 (0.35) - (0.35) 11.56 7.67 0.47 0.42 3.15 271 23
08-31-2024 10.08 0.33 0.99 1.32 (0.32) - (0.32) 11.08 13.37 0.49 0.45 3.22 269 47
08-31-2023 10.25 0.28 0.20 0.48 (0.28) (0.37) (0.65) 10.08 5.07 0.52 0.50 2.84 238 20
08-31-2022 12.35 0.27 (1.75) (1.48) (0.25) (0.37) (0.62) 10.25 (12.52) 0.50 0.49 2.38 246 45
08-31-2021 11.40 0.23 1.19 1.42 (0.22) (0.25) (0.47) 12.35 12.69 0.49 0.48 1.91 300 34
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 2-28-26. Unaudited.
6 Less than $(0.005) per share.
7 Not annualized.
8 Does not reflect the effect of sales charges, if any.
9 Annualized.
10 The inception date for Class A shares is 4-26-21.
13 JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS | SEE NOTES TO FINANCIAL STATEMENTS
Table of Contents
Lifestyle Blend Conservative Portfolio
Per share operating performance for a share outstanding throughout each period Ratios and supplemental data
Income (loss) from investment operations Less distributions Ratios to average net assets
Period ended Net asset
value,
beginning
of period ($)
Net
investment
income
(loss) ($)1, 2
Net realized and
unrealized
gain (loss)
on investments ($)
Total from
investment
operations ($)
From net
investment
income ($)
From net
realized
gain ($)
Total
distributions ($)
Net asset
value,
end of
period ($)
Total
return
(%)3
Expenses
before
reductions
(%)4
Expenses
including
reductions
(%)4
Net
investment
income
(loss) (%)2
Net
assets,
end of
period
(in millions)
Portfolio
turnover
(%)
Lifestyle Blend Conservative Portfolio
Class A
02-28-20265 10.60 0.18 0.32 0.50 (0.21) -6 (0.21) 10.89 4.817, 8 0.899 0.799 3.239 164 10
08-31-2025 10.33 0.35 0.27 0.62 (0.35) - (0.35) 10.60 6.128 0.90 0.81 3.38 148 25
08-31-2024 9.63 0.33 0.69 1.02 (0.32) - (0.32) 10.33 10.768 0.92 0.86 3.35 116 63
08-31-2023 9.71 0.28 0.06 0.34 (0.29) (0.13) (0.42) 9.63 3.668 0.95 0.92 2.89 90 26
08-31-2022 11.59 0.26 (1.58) (1.32) (0.24) (0.32) (0.56) 9.71 (11.88)8 0.94 0.92 2.54 60 28
08-31-202110 11.36 0.06 0.22 0.28 (0.05) - (0.05) 11.59 2.437, 8 0.939 0.919 1.539 11 43
Class R6
02-28-20265 10.61 0.20 0.33 0.53 (0.24) -6 (0.24) 10.90 5.017 0.499 0.399 3.679 12 10
08-31-2025 10.34 0.39 0.27 0.66 (0.39) - (0.39) 10.61 6.55 0.49 0.40 3.79 10 25
08-31-2024 9.64 0.37 0.69 1.06 (0.36) - (0.36) 10.34 11.20 0.51 0.45 3.75 7 63
08-31-2023 9.72 0.31 0.07 0.38 (0.33) (0.13) (0.46) 9.64 4.09 0.54 0.51 3.24 7 26
08-31-2022 11.60 0.30 (1.58) (1.28) (0.28) (0.32) (0.60) 9.72 (11.50) 0.53 0.51 2.84 3 28
08-31-2021 11.19 0.24 0.55 0.79 (0.23) (0.15) (0.38) 11.60 7.20 0.53 0.51 2.09 3 43
Class 1
02-28-20265 10.60 0.20 0.32 0.52 (0.23) -6 (0.23) 10.89 5.007 0.539 0.439 3.609 202 10
08-31-2025 10.33 0.39 0.26 0.65 (0.38) - (0.38) 10.60 6.51 0.53 0.45 3.75 208 25
08-31-2024 9.63 0.37 0.68 1.05 (0.35) - (0.35) 10.33 11.16 0.56 0.50 3.74 200 63
08-31-2023 9.71 0.31 0.06 0.37 (0.32) (0.13) (0.45) 9.63 4.04 0.59 0.56 3.28 189 26
08-31-2022 11.60 0.30 (1.59) (1.29) (0.28) (0.32) (0.60) 9.71 (11.62) 0.58 0.55 2.80 198 28
08-31-2021 11.18 0.24 0.55 0.79 (0.22) (0.15) (0.37) 11.60 7.26 0.57 0.55 2.10 230 43
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 2-28-26. Unaudited.
6 Less than $(0.005) per share.
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 4-26-21.
SEE NOTES TO FINANCIAL STATEMENTS | JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS 14
Table of Contents
Notes to financial statements (unaudited)
Note 1-Organization
John Hancock Funds II (the Trust) is an open-end management investment company organized as a Massachusetts business trust. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act). It is a series company with multiple investment series, five of which are presented in this report (collectively, Lifestyle 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 open to all investors. 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 objectives of the portfolios are as follows:
Lifestyle Blend Aggressive Portfolio
To seek long-term growth of capital. Current income is not a consideration.
Lifestyle Blend Growth Portfolio
To seek long-term growth of capital. Current income is also a consideration.
Lifestyle Blend Balanced Portfolio
To seek a balance between a high level of current income and growth of capital, with a greater emphasis on growth of capital.
Lifestyle Blend Moderate Portfolio
To seek a balance between a high level of current income and growth of capital, with a greater emphasis on income.
Lifestyle Blend Conservative Portfolio
To seek a high level of current income with some consideration given to growth of capital.
The accounting policies of the underlying funds in which the portfolios invest are outlined in the underlying funds' shareholder reports, which include the underlying funds' financial statements. These are available on the Securities and Exchange Commission (SEC) website at sec.gov. John Hancock underlying funds' shareholder reports are also available without charge by calling 800-225-5291 or visiting jhinvestments.com. The underlying funds are not covered by this report.
Note 2-Significant accounting policies
The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (US GAAP), which require management to make certain estimates and assumptions as of the date of the financial statements. Actual results could differ from those estimates and those differences could be significant. The portfolios qualify as investment companies under Topic 946 of Accounting Standards Codification of US GAAP.
Events or transactions occurring after the end of the fiscal period through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the portfolios:
Security valuation. Investments are stated at value as of the scheduled close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 P.M., Eastern Time. In case of emergency or other disruption resulting in the NYSE not opening for trading or the NYSE closing at a time other than the regularly scheduled close, the net asset value (NAV) may be determined as of the regularly scheduled close of the NYSE pursuant to the Valuation Policies and Procedures of the Advisor, John Hancock Investment Management LLC, the portfolios' valuation designee.
In order to value the securities, the portfolios use the following valuation techniques: Investments 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
15 JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS |
Table of Contents
values of securities between the time when the valuation of the securities is generally determined and the close of the NYSE. If a significant event occurs, these securities may be fair valued, as determined in good faith by the Pricing Committee, following procedures established by the Advisor and adopted by the Board of Trustees. The Advisor uses fair value adjustment factors provided by an independent pricing vendor to value certain foreign securities in order to adjust for events that may occur between the close of foreign exchanges or markets and the close of the NYSE.
The portfolios use a three tier hierarchy to prioritize the pricing assumptions, referred to as inputs, used in valuation techniques to measure fair value. Level 1 includes securities valued using quoted prices in active markets for identical securities, including registered investment companies. Level 2 includes securities valued using other significant observable inputs. Observable inputs may include quoted prices for similar securities, interest rates, prepayment speeds and credit risk. Prices for securities valued using these inputs are received from independent pricing vendors and brokers and are based on an evaluation of the inputs described. Level 3 includes securities valued using significant unobservable inputs when market prices are not readily available or reliable, including the Advisor's assumptions in determining the fair value of investments. Factors used in determining value may include market or issuer specific events or trends, changes in interest rates and credit quality. The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. Changes in valuation techniques and related inputs may result in transfers into or out of an assigned level within the disclosure hierarchy.
The following is a summary of the values by input classification of the portfolios' investments as of February 28, 2026, by major security category or type:
Total
value at
2-28-26
Level 1
quoted price
Level 2
significant
observable
inputs
Level 3
significant
unobservable
inputs
Lifestyle Blend Aggressive Portfolio
Investments in securities:
Assets
Affiliated investment companies $465,561,238 $465,561,238 - -
Unaffiliated investment companies 268,664,056 268,664,056 - -
Common stocks 27,705 - - $27,705
U.S. Government and Agency obligations 4,227,550 - $4,227,550 -
Short-term investments 8,627,053 8,627,053 - -
Total investments in securities $747,107,602 $742,852,347 $4,227,550 $27,705
Lifestyle Blend Growth Portfolio
Investments in securities:
Assets
Affiliated investment companies $880,568,308 $880,568,308 - -
Unaffiliated investment companies 574,467,660 574,467,660 - -
Common stocks 46,857 - - $46,857
U.S. Government and Agency obligations 37,406,764 - $37,406,764 -
Short-term investments 3,616,655 3,616,655 - -
Total investments in securities $1,496,106,244 $1,458,652,623 $37,406,764 $46,857
Lifestyle Blend Balanced Portfolio
Investments in securities:
Assets
Affiliated investment companies $839,831,619 $839,831,619 - -
Unaffiliated investment companies 575,456,877 575,456,877 - -
Common stocks 33,866 - - $33,866
U.S. Government and Agency obligations 70,404,540 - $70,404,540 -
Short-term investments 1,298 1,298 - -
Total investments in securities $1,485,728,200 $1,415,289,794 $70,404,540 $33,866
Lifestyle Blend Moderate Portfolio
Investments in securities:
Assets
Affiliated investment companies $261,818,426 $261,818,426 - -
Unaffiliated investment companies 206,866,996 206,866,996 - -
Common stocks 6,489 - - $6,489
U.S. Government and Agency obligations 32,090,732 - $32,090,732 -
Short-term investments 2,600,462 2,600,462 - -
Total investments in securities $503,383,105 $471,285,884 $32,090,732 $6,489
| JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS 16
Table of Contents
Total
value at
2-28-26
Level 1
quoted price
Level 2
significant
observable
inputs
Level 3
significant
unobservable
inputs
Lifestyle Blend Conservative Portfolio
Investments in securities:
Assets
Affiliated investment companies $186,758,279 $186,758,279 - -
Unaffiliated investment companies 154,338,911 154,338,911 - -
Common stocks 2,302 - - $2,302
U.S. Government and Agency obligations 36,841,508 - $36,841,508 -
Short-term investments 12,295,932 12,295,932 - -
Total investments in securities $390,236,932 $353,393,122 $36,841,508 $2,302
Level 3 includes securities valued at $0. Refer to Portfolios' investments.
Inflation-indexed bonds. Inflation-indexed bonds are securities that generally have a lower coupon interest rate fixed at issuance but whose principal value is periodically adjusted based on a rate of inflation, such as the Consumer Price Index. Over the life of an inflation-indexed bond, interest is paid on the inflation adjusted principal value as described above. Increases in the principal amount of these securities are recorded as interest income. Decreases in the principal amount of these securities may reduce interest income to the extent of income previously recorded. If these decreases are in excess of income previously recorded, an adjustment to the cost of the security is made.
Stripped securities. Stripped securities are financial instruments structured to separate principal and interest cash flows so that one class receives principal payments from the underlying assets (PO or principal only), while the other class receives the interest cash flows (IO or interest only). Both PO and IO investments represent an interest in the cash flows of an underlying stripped security. If the underlying assets experience greater than anticipated prepayments of principal, the portfolios may fail to fully recover its initial investment in an IO security. The market value of these securities can be extremely volatile in response to changes in interest rates or prepayments on the underlying securities. In addition, these securities present additional credit risk such that the portfolios may not receive all or part of its principal or interest payments because the borrower or issuer has defaulted on its obligation.
Security transactions and related investment income. Investment security transactions are accounted for on a trade date plus one basis for daily NAV calculations. However, for financial reporting purposes, investment transactions are reported on trade date. Interest income is accrued as earned. Interest income includes coupon interest and amortization/accretion of premiums/discounts on debt securities. Debt obligations may be placed in a non-accrual status and related interest income may be reduced by stopping current accruals and writing off interest receivable when the collection of all or a portion of interest has become doubtful. Capital gain distributions from underlying funds are recorded on ex-date and reflected as realized gains. Dividend income is recorded on ex-date, except for dividends of certain foreign securities where the dividend may not be known until after the ex-date. In those cases, dividend income, net of withholding taxes, is recorded when the portfolio becomes aware of the dividends. Non-cash dividends, if any, are recorded at the fair market value of the securities received. Gains and losses on securities sold are determined on the basis of identified cost and may include proceeds from litigation. Return of capital distributions from underlying funds, if any, are treated as a reduction of cost.
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. 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 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, 2026:
Portfolio Market value of securities on loan Cash collateral received
Lifestyle Blend Aggressive Portfolio $8,032,744 $8,202,400
Lifestyle Blend Growth Portfolio 2,167,618 2,212,750
Lifestyle Blend Moderate Portfolio 2,545,280 2,599,400
17 JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS |
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Portfolio Market value of securities on loan Cash collateral received
Lifestyle Blend Conservative Portfolio $12,044,728 $12,291,475
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 13, 2026 unless extended or renewed. Excluding commitments designated for certain funds and subject to the needs of all other affiliated funds, a portfolio can borrow up to an aggregate commitment amount of $750 million, subject to asset coverage and other limitations as specified in the agreement. A commitment fee payable at the end of each calendar quarter, based on the average daily unused portion of each line of credit, is charged to each participating portfolio based on an asset-based allocation and is reflected in Other expenses on the Statements of operations.
Commitment fees for the six months ended February 28, 2026 were as follows:
Portfolio Commitment fee
Lifestyle Blend Aggressive Portfolio $1,583
Lifestyle Blend Growth Portfolio 3,316
Lifestyle Blend Balanced Portfolio 3,335
Lifestyle Blend Moderate Portfolio 1,126
Lifestyle Blend Conservative Portfolio 880
Expenses. Within the John Hancock group of funds complex, expenses that are directly attributable to an individual portfolio are allocated to such portfolio. Expenses that are not readily attributable to a specific portfolio are allocated among all portfolios in an equitable manner, taking into consideration, among other things, the nature and type of expense and each portfolio's relative net assets. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.
Class allocations. Income, common expenses and realized and unrealized gains (losses) are determined at the portfolio level and allocated daily to each class of shares based on the net assets of the class. Class-specific expenses, such as distribution and service fees, if any, and transfer agent fees, for all classes, are charged daily at the class level based on the net assets of each class and the specific expense rates applicable to each class.
Federal income taxes. Each portfolio intends to continue to qualify as a regulated investment company by complying with the applicable provisions of the Internal Revenue Code and will not be subject to federal income tax on taxable income that is distributed to shareholders. Therefore, no federal income tax provision is required.
For federal income tax purposes, as of August 31, 2025, certain portfolios have capital loss carryforwards available to offset future net realized capital gains. The following table details the capital loss carryforwards available as of August 31, 2025:
No Expiration Date
Portfolio Short Term Long Term
Lifestyle Blend Balanced Portfolio - $11,053,762
Lifestyle Blend Moderate Portfolio - 11,895,936
Lifestyle Blend Conservative Portfolio - 12,887,802
As of August 31, 2025, the portfolios had no uncertain tax positions that would require financial statement recognition, derecognition or disclosure. The portfolios' federal tax returns are subject to examination by the Internal Revenue Service for a period of three years.
For federal income tax purposes, the costs of investments owned on February 28, 2026, including short-term investments, were as follows:
Portfolio Aggregate
cost
Unrealized
appreciation
Unrealized
(depreciation)
Net unrealized
appreciation/
(depreciation)
Lifestyle Blend Aggressive Portfolio $562,791,008 $184,677,639 $(361,045) $184,316,594
Lifestyle Blend Growth Portfolio 1,159,035,729 338,081,284 (1,010,769) 337,070,515
| JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS 18
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Portfolio Aggregate
cost
Unrealized
appreciation
Unrealized
(depreciation)
Net unrealized
appreciation/
(depreciation)
Lifestyle Blend Balanced Portfolio $1,224,002,906 $263,620,434 $(1,895,140) $261,725,294
Lifestyle Blend Moderate Portfolio 444,734,740 59,270,691 (622,326) 58,648,365
Lifestyle Blend Conservative Portfolio 366,849,607 23,742,250 (354,925) 23,387,325
Distribution of income and gains. Distributions to shareholders from net investment income and net realized gains, if any, are recorded on the ex-date. Lifestyle Blend Balanced Portfolio, Lifestyle Blend Moderate Portfolio and Lifestyle Blend Conservative Portfolio generally declare and pay dividends from net investment income quarterly. All other portfolios generally declare and pay dividends from net investment income annually. All portfolios generally declare and pay 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 (MFC).
Management fee. The portfolios have an investment management agreement with the Advisor under which the portfolios pay a daily management fee to the Advisor as detailed below. The Advisor has a subadvisory agreement with Manulife Investment Management (US) LLC, an indirect, wholly owned subsidiary of MFC and an affiliate of the Advisor. The portfolios are not responsible for payment of the subadvisory fees.
The management fee has two components: (1) a fee on assets invested in a fund of 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 0.050% 0.040%
Other assets 0.500% 0.490%
Expense reimbursements. The Advisor has contractually agreed to reduce its management fee and/or make payment to each portfolio in an amount equal to the amount by which "Other expenses" of each portfolio exceeds 0.05% of the average net assets (on an annualized basis) of the portfolio. "Other expenses" means all of the expenses of the portfolio, excluding: management fees, taxes, brokerage commissions, interest expense, litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the portfolio's business, class specific expenses, underlying fund expenses (acquired fund fees), and short dividend expense. For Lifestyle Blend Aggressive Portfolio, Lifestyle Blend Conservative Portfolio and Lifestyle Blend Moderate Portfolio, this agreement expires on December 31, 2026, 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. For Lifestyle Blend Balanced Portfolio and Lifestyle Blend Growth Portfolio, this agreement expired on December 31, 2025.
In addition, the Advisor has voluntarily agreed to waive its advisory fee for each portfolio so that the aggregate advisory fee retained by the Advisor with respect to both the portfolio and its underlying investments after payment of subadvisory fees does not exceed 0.50% of the portfolios' first $7.5 billion of average net assets and 0.49% of the portfolios' average net assets in excess of $7.5 billion. The Advisor may terminate this voluntary waiver at any time upon notice to the portfolios.
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For the six months ended February 28, 2026, the expense reductions under these agreements amounted to the following and are reflected as a reduction of total expenses in the Statements of operations:
Expense reimbursement by class
Portfolio Class A Class R6 Class 1 Total
Lifestyle Blend Aggressive Portfolio $1,361 $273 $5,258 $6,892
Lifestyle Blend Growth Portfolio 31,401 5,695 102,366 139,462
Lifestyle Blend Balanced Portfolio 94,397 10,075 191,617 296,089
Lifestyle Blend Moderate Portfolio 68,528 4,137 95,240 167,905
Lifestyle Blend Conservative Portfolio 76,532 5,519 102,491 184,542
Expenses waived or reimbursed in the current fiscal period are not subject to recapture in future fiscal periods.
The investment management fees, including the impact of the waivers and reimbursements as described above, incurred for the six months ended February 28, 2026, were equivalent to a net annual effective rate of the portfolios' average daily net assets as follows:
Portfolio Net Annual Effective Rate
Lifestyle Blend Aggressive Portfolio 0.21%
Lifestyle Blend Growth Portfolio 0.24%
Lifestyle Blend Balanced Portfolio 0.27%
Portfolio Net Annual Effective Rate
Lifestyle Blend Moderate Portfolio 0.30%
Lifestyle Blend Conservative Portfolio 0.32%
Accounting and legal services. Pursuant to a service agreement, the portfolios reimburse the Advisor for all expenses associated with providing the administrative, financial, legal, compliance, accounting and recordkeeping services to the portfolios, including the preparation of all tax returns, periodic reports to shareholders and regulatory reports, among other services. These expenses are allocated to each share class based on its relative net assets at the time the expense was incurred. These accounting and legal services fees incurred, for the six months ended February 28, 2026, amounted to an annual rate of 0.02% of the portfolios' average daily net assets.
Distribution and service plans. The portfolios have a distribution agreement with the Distributor. The portfolios have adopted distribution and service plans for certain classes as detailed below pursuant to Rule 12b-1 under the 1940 Act, to pay the Distributor for services provided as the distributor of shares of the portfolios. 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
Class A 0.30%
Class 1 0.05%
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, 2026:
Portfolio Total net
sales charges
Retained for printing
prospectus, advertising and
sales literature
Sales commission to
unrelated broker-dealers
Lifestyle Blend Aggressive Portfolio $6,893 $1,151 $5,742
Lifestyle Blend Growth Portfolio 4,276 713 3,563
Lifestyle Blend Balanced Portfolio 10,212 1,698 8,514
Lifestyle Blend Moderate Portfolio 2,796 494 2,302
Lifestyle Blend Conservative Portfolio 2,108 329 1,779
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, 2026, CDSCs received by the Distributor for Class A shares were as follows:
Portfolio Class A
Lifestyle Blend Aggressive Portfolio $202
Lifestyle Blend Growth Portfolio 79
Lifestyle Blend Balanced Portfolio 14
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 LIFESTYLE BLEND PORTFOLIOS 20
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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, 2026 were as follows:
Portfolio Class Distribution and service fees Transfer agent fees
Lifestyle Blend Aggressive Portfolio Class A $206,998 $75,121
Class R6 - 705
Class 1 131,953 -
Total $338,951 $75,826
Lifestyle Blend Growth Portfolio Class A $479,028 $173,795
Class R6 - 1,503
Class 1 260,388 -
Total $739,416 $175,298
Lifestyle Blend Balanced Portfolio Class A $679,713 $246,611
Class R6 - 1,257
Class 1 230,149 -
Total $909,862 $247,868
Lifestyle Blend Moderate Portfolio Class A $295,620 $107,261
Class R6 - 309
Class 1 68,596 -
Total $364,216 $107,570
Lifestyle Blend Conservative Portfolio Class A $229,925 $83,404
Class R6 - 288
Class 1 51,413 -
Total $281,338 $83,692
Trustee expenses. The portfolios compensate each Trustee who is not an employee of the Advisor or its affiliates. The costs of paying Trustee compensation and expenses are allocated to each portfolio based on their net assets relative to other funds within the John Hancock group of funds complex.
Note 5-Portfolio share transactions
Transactions in portfolios' shares for the six months ended February 28, 2026 and for the year ended August 31, 2025 were as follows:
Lifestyle Blend Aggressive Portfolio Six Months Ended 2-28-26 Year Ended 8-31-25
Shares Amount Shares Amount
Class A shares
Sold 1,970,250 $30,809,682 3,881,106 $53,627,318
Distributions reinvested 408,286 6,242,691 105,539 1,412,106
Repurchased (1,274,906) (19,913,037) (2,556,224) (35,252,216)
Net increase 1,103,630 $17,139,336 1,430,421 $19,787,208
Class R6 shares
Sold 117,658 $1,840,310 386,258 $5,276,685
Distributions reinvested 85,280 1,303,937 35,465 474,518
Repurchased (302,158) (4,722,508) (485,217) (6,441,654)
Net decrease (99,220) $(1,578,261) (63,494) $(690,451)
Class 1 shares
Sold 1,317,966 $20,703,249 2,674,860 $36,771,054
Distributions reinvested 1,657,470 25,326,146 590,036 7,888,778
Repurchased (2,012,606) (31,380,999) (3,881,780) (53,966,657)
Net increase (decrease) 962,830 $14,648,396 (616,884) $(9,306,825)
Total net increase 1,967,240 $30,209,471 750,043 $9,789,932
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Lifestyle Blend Growth Portfolio Six Months Ended 2-28-26 Year Ended 8-31-25
Shares Amount Shares Amount
Class A shares
Sold 3,605,495 $52,443,935 8,770,139 $114,680,906
Distributions reinvested 833,008 11,920,343 304,210 3,854,345
Repurchased (2,605,299) (37,886,991) (5,765,261) (75,160,187)
Net increase 1,833,204 $26,477,287 3,309,088 $43,375,064
Class R6 shares
Sold 488,555 $7,119,213 912,875 $11,945,904
Distributions reinvested 168,827 2,417,596 82,223 1,042,582
Repurchased (745,942) (10,824,904) (535,965) (6,886,966)
Net increase (decrease) (88,560) $(1,288,095) 459,133 $6,101,520
Class 1 shares
Sold 2,187,367 $31,754,946 3,239,645 $42,447,936
Distributions reinvested 2,931,672 41,893,590 1,491,977 18,873,508
Repurchased (4,922,024) (71,518,628) (10,393,642) (135,986,575)
Net increase (decrease) 197,015 $2,129,908 (5,662,020) $(74,665,131)
Total net increase (decrease) 1,941,659 $27,319,100 (1,893,799) $(25,188,547)
Lifestyle Blend Balanced Portfolio Six Months Ended 2-28-26 Year Ended 8-31-25
Shares Amount Shares Amount
Class A shares
Sold 6,137,279 $79,228,236 13,130,880 $155,077,163
Distributions reinvested 573,339 7,369,319 696,649 8,143,167
Repurchased (3,952,780) (51,055,362) (8,696,947) (102,505,773)
Net increase 2,757,838 $35,542,193 5,130,582 $60,714,557
Class R6 shares
Sold 409,090 $5,267,367 1,051,520 $12,528,134
Distributions reinvested 70,167 900,722 95,809 1,118,648
Repurchased (404,814) (5,219,799) (735,964) (8,631,295)
Net increase 74,443 $948,290 411,365 $5,015,487
Class 1 shares
Sold 1,739,536 $22,280,894 3,952,125 $46,990,592
Distributions reinvested 1,287,474 16,515,564 2,015,256 23,524,901
Repurchased (5,485,932) (70,591,040) (13,192,069) (155,461,547)
Net decrease (2,458,922) $(31,794,582) (7,224,688) $(84,946,054)
Total net increase (decrease) 373,359 $4,695,901 (1,682,741) $(19,216,010)
Lifestyle Blend Moderate Portfolio Six Months Ended 2-28-26 Year Ended 8-31-25
Shares Amount Shares Amount
Class A shares
Sold 2,977,763 $35,145,623 6,121,931 $67,866,804
Distributions reinvested 305,914 3,590,847 398,424 4,385,232
Repurchased (1,835,919) (21,713,937) (3,479,688) (38,456,484)
Net increase 1,447,758 $17,022,533 3,040,667 $33,795,552
Class R6 shares
Sold 233,053 $2,746,271 246,029 $2,729,364
Distributions reinvested 20,360 238,950 30,363 334,222
Repurchased (167,644) (1,979,294) (106,033) (1,173,607)
Net increase 85,769 $1,005,927 170,359 $1,889,979
| JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS 22
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Lifestyle Blend Moderate Portfolio , Cont'd Six Months Ended 2-28-26 Year Ended 8-31-25
Shares Amount Shares Amount
Class 1 shares
Sold 1,824,311 $21,439,243 2,368,390 $26,197,388
Distributions reinvested 463,193 5,435,697 745,907 8,213,412
Repurchased (2,855,982) (33,723,398) (3,951,151) (43,746,450)
Net decrease (568,478) $(6,848,458) (836,854) $(9,335,650)
Total net increase 965,049 $11,180,002 2,374,172 $26,349,881
Lifestyle Blend Conservative Portfolio Six Months Ended 2-28-26 Year Ended 8-31-25
Shares Amount Shares Amount
Class A shares
Sold 2,452,486 $26,328,782 5,455,229 $56,107,124
Distributions reinvested 285,757 3,047,694 413,352 4,239,914
Repurchased (1,618,079) (17,370,569) (3,124,611) (32,160,094)
Net increase 1,120,164 $12,005,907 2,743,970 $28,186,944
Class R6 shares
Sold 297,077 $3,179,991 263,294 $2,689,571
Distributions reinvested 22,934 244,707 31,039 318,316
Repurchased (114,034) (1,221,319) (108,042) (1,104,101)
Net increase 205,977 $2,203,379 186,291 $1,903,786
Class 1 shares
Sold 940,988 $10,086,977 3,335,368 $34,324,251
Distributions reinvested 419,702 4,475,809 728,348 7,467,399
Repurchased (2,457,566) (26,401,641) (3,749,726) (38,585,848)
Net increase (decrease) (1,096,876) $(11,838,855) 313,990 $3,205,802
Total net increase 229,265 $2,370,431 3,244,251 $33,296,532
Affiliates of the Trust owned 100% of shares of Class 1 on February 28, 2026. Such concentration of shareholders' capital could have a material effect on the portfolios if such shareholders redeem from the portfolios.
Note 6-Purchase and sale of securities
Purchases and sales of securities, other than short-term investments, amounted to the following for the six months ended February 28, 2026:
Purchases Sales
Portfolio U.S. Government Other issuers U.S. Government Other issuers
Lifestyle Blend Aggressive Portfolio $537,260 $61,532,820 $490,854 $43,058,047
Lifestyle Blend Growth Portfolio 7,963,117 104,148,637 6,047,733 95,137,678
Lifestyle Blend Balanced Portfolio 14,623,867 101,579,113 11,469,200 88,314,000
Lifestyle Blend Moderate Portfolio 6,860,985 52,885,424 4,951,780 41,745,332
Lifestyle Blend Conservative Portfolio 7,093,169 33,727,082 6,040,357 32,751,241
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, 2026, the following portfolios held 5% or more of the net assets of the affiliated underlying funds shown below:
Portfolio Affiliated Fund Percentage of
underlying fund
net assets
Lifestyle Blend Growth Portfolio John Hancock Funds II U.S. Sector Rotation Fund 8.0%
Lifestyle Blend Growth Portfolio John Hancock Funds II International Strategic Equity Allocation Fund 6.6%
Lifestyle Blend Balanced Portfolio John Hancock Funds II U.S. Sector Rotation Fund 6.2%
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:
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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
Lifestyle Blend Aggressive Portfolio
Bond 143,074 $7,061,922 $1,807,472 $(6,969,108) $146,953 $(61,373) $74,557 - $1,985,866
Emerging Markets Debt 462,057 3,296,679 931,488 (532,980) 30,263 100,382 102,463 - 3,825,832
High Yield 625,246 1,654,024 515,646 (244,588) 3,561 (21,644) 59,342 - 1,906,999
International Strategic Equity Allocation 15,308,613 176,140,193 11,930,570 (7,403,583) 1,363,535 28,921,972 5,287,026 - 210,952,687
John Hancock Collateral Trust* 862,447 1,367,287 73,961,511 (66,701,287) (40) (418) 7,979 - 8,627,053
U.S. Sector Rotation 18,220,653 227,731,323 24,927,020 (7,783,188) 638,409 1,376,290 1,890,955 $12,004,794 246,889,854
$2,182,681 $30,315,209 $7,422,322 $12,004,794 $474,188,291
Lifestyle Blend Growth Portfolio
Bond 4,766,080 $63,036,860 $6,665,196 $(4,729,272) $8,734 $1,171,672 $1,527,086 - $66,153,190
Emerging Markets Debt 3,520,145 26,452,481 2,357,859 (685,644) 49,794 972,313 802,633 - 29,146,803
Global Senior Loan ETF 863,655 19,907,234 1,864,006 (188,794) (1,351) (309,272) 568,251 - 21,271,823
High Yield 6,961,509 18,336,664 3,137,621 (42,357) (178) (199,148) 651,306 - 21,232,602
International Strategic Equity Allocation 24,609,280 288,544,216 15,785,973 (14,187,970) 2,636,612 46,337,046 8,500,250 - 339,115,877
John Hancock Collateral Trust* 361,557 9,111,779 145,648,347 (151,144,196) 1,597 (872) 14,730 - 3,616,655
U.S. Sector Rotation 29,789,521 389,030,694 31,362,248 (20,410,375) 2,494,391 1,171,055 3,145,479 $19,969,176 403,648,013
$5,189,599 $49,142,794 $15,209,735 $19,969,176 $884,184,963
Lifestyle Blend Balanced Portfolio
Bond 10,472,245 $136,809,789 $8,836,440 $(2,848,640) $(36,345) $2,593,521 $3,401,462 - $145,354,765
Emerging Markets Debt 6,936,070 53,094,064 3,153,811 (866,043) 65,955 1,982,871 1,608,409 - 57,430,658
Global Senior Loan ETF 1,683,736 40,125,593 3,364,986 (1,402,848) (10,548) (606,765) 1,140,838 - 41,470,418
High Yield 13,583,946 36,757,429 5,286,173 (212,655) 2,085 (401,995) 1,302,719 - 41,431,037
International Strategic Equity Allocation 17,711,747 207,880,634 16,797,795 (15,669,942) 3,061,801 31,997,587 6,075,500 - 244,067,875
John Hancock Collateral Trust* 130 3,024,811 174,322,044 (177,347,017) 1,478 (18) 12,497 - 1,298
U.S. Sector Rotation 22,883,901 294,510,785 26,602,585 (13,928,283) 2,638,935 252,844 2,354,345 $14,946,638 310,076,866
$5,723,361 $35,818,045 $15,895,770 $14,946,638 $839,832,917
Lifestyle Blend Moderate Portfolio
Bond 5,559,883 $71,505,300 $6,387,237 $(2,064,576) $21,935 $1,321,275 $1,799,946 - $77,171,171
Emerging Markets Debt 3,548,040 27,076,318 2,348,952 (1,098,624) 82,397 968,725 824,423 - 29,377,768
Global Senior Loan ETF 863,635 20,429,700 2,588,821 (1,433,486) (10,105) (303,600) 581,844 - 21,271,330
High Yield 6,977,657 18,732,226 3,373,255 (619,757) 5,820 (209,691) 671,307 - 21,281,853
| JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS 24
Table of Contents
Dividends and distributions
Affiliate Ending
share
amount
Beginning
value
Cost of
purchases
Proceeds
from shares
sold
Realized
gain
(loss)
Change in
unrealized
appreciation
(depreciation)
Income
distributions
received
Capital gain
distributions
received
Ending
value
International Strategic Equity Allocation 3,469,578 $40,248,006 $7,016,809 $(6,237,476) $1,277,490 $5,505,960 $1,178,060 - $47,810,789
John Hancock Collateral Trust* 259,968 952,827 155,549,999 (153,903,558) 1,286 (92) 7,962 - 2,600,462
U.S. Sector Rotation 4,790,075 60,736,815 11,433,593 (7,881,961) 1,444,297 (827,229) 496,151 $3,149,828 64,905,515
$2,823,120 $6,455,348 $5,559,693 $3,149,828 $264,418,888
Lifestyle Blend Conservative Portfolio
Bond 5,656,534 $76,046,951 $5,466,284 $(4,414,232) $48,457 $1,365,234 $1,852,410 - $78,512,694
Emerging Markets Debt 3,566,704 28,561,342 2,097,655 (2,204,772) 150,597 927,489 841,127 - 29,532,311
Global Senior Loan ETF 867,890 21,662,357 1,895,741 (1,863,152) (12,184) (306,631) 593,424 - 21,376,131
High Yield 7,053,587 19,754,831 3,140,936 (1,175,038) 10,577 (217,867) 686,115 - 21,513,439
International Strategic Equity Allocation 1,106,625 11,673,979 3,829,580 (2,241,436) 487,623 1,499,543 339,312 - 15,249,289
John Hancock Collateral Trust* 1,229,224 1,927 94,945,774 (82,651,307) (90) (372) 12,520 - 12,295,932
U.S. Sector Rotation 1,518,407 18,776,314 4,199,432 (2,600,218) 381,778 (182,891) 150,433 $955,028 20,574,415
$1,066,758 $3,084,505 $4,475,341 $955,028 $199,054,211
* Refer to the Securities lending note within Note 2 for details regarding this investment.
Note 8-Segment reporting
The management committee of the Advisor acts as the portfolios' chief operating decision maker (the CODM), assessing performance and making decisions about resource allocation. Each portfolio represents a single operating segment, as the CODM monitors and assesses the operating results of the portfolio as a whole, and the portfolio's long-term strategic asset allocation is managed in accordance with the terms of its prospectus, based on a defined investment strategy which is executed by the portfolio management team of the portfolio's subadvisor. Segment assets are reflected in the Statements of assets and liabilities as "Total assets", which consists primarily of total investments at value. The financial information, including the measurement of profit and loss and significant expenses, provided to and reviewed by the CODM is consistent with that presented within the Statements of operations, which includes "Increase (decrease) in net assets from operations", Statements of changes in net assets, which includes "Increase (decrease) in net assets from portfolio share transactions", and Financial highlights, which includes total return and income and expense ratios.
25 JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS |
Table of Contents
SHAREHOLDER MEETING
(Unaudited)
The portfolios held a Special Joint Meeting of Shareholders on Wednesday, November 12, 2025. The following proposal was considered by the shareholders:
Proposal: To elect five Trustees as members of the Board of Trustees of the Trust.
THE PROPOSAL PASSED ON November 12, 2025.
Total votes
for the nominee
Total votes withheld
from the nominee
Independent Trustees
William K. Bacic 3,809,160,523 21,707,670
Christine L. Hurtsellers 3,810,125,068 20,743,126
Kenneth J. Phelan 3,810,444,977 20,423,216
Thomas R. Wright 3,810,155,428 20,712,765
Non-Independent Trustee
Kristie M. Feinberg 3,808,412,187 21,446,677
| JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS 26
Table of Contents
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 Lifestyle Blend Portfolios. It is not authorized for distribution to prospective investors unless preceded or accompanied by a prospectus.
MF5244537 MILSA2/26
4/26


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

Not applicable.


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

Information included in Item 7, if applicable.


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

Refer to information included in Item 7.


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

Information included in Item 7, if applicable.


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

Not applicable.


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

Not applicable.


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

Not applicable.


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

No material changes.


ITEM 16. CONTROLS AND PROCEDURES.

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

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


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

Not applicable.


ITEM 18. RECOVERY OF ERRONEOUSLY AWARDED COMPENSATION.

Not applicable.


ITEM 19. EXHIBITS.

(a)(1) Not applicable.

(a)(2) Not applicable.


SIGNATURES

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

John Hancock Funds II

By: /s/ Kristie M. Feinberg
------------------------------
Kristie M. Feinberg
President,
Principal Executive Officer
Date: April 7, 2026

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

By: /s/ Kristie M. Feinberg
------------------------------
Kristie M. Feinberg
President,
Principal Executive Officer
Date: April 7, 2026
By: /s/ Fernando A. Silva
---------------------------
Fernando A. Silva
Chief Financial Officer,
Principal Financial Officer
Date: April 7, 2026

John Hancock Funds II published this content on April 15, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on April 15, 2026 at 18:18 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]