John Hancock Funds II 提交截至2026年8月31日的年度股东报告

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:

August 31, 2026

ITEM 1. REPORTS TO STOCKHOLDERS

The Registrant prepared the following annual reports to shareholders for the year ended August 31, 2026:

John Hancock Capital Appreciation Value Fund
John Hancock Core Bond Fund
John Hancock International Strategic Equity Allocation Fund
John Hancock Mid Value Fund
John Hancock U.S. Sector Rotation Fund

Manulife JH front rebranded logo-TSR and FS

John Hancock Capital Appreciation Value Fund

Class NAV/JCAVX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock Capital Appreciation Value Fund (the fund) for the period of September 1, 2025 to August 31, 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 year ?

(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
Capital Appreciation Value Fund (Class NAV/JCAVX)	$86	0.82%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

Capital Appreciation Value Fund (Class NAV/JCAVX) returned 10.24% for the year ended August 31, 2026. U.S. equity markets generated strong gains in the 12-month period. Stocks advanced in late 2025, supported by resilient economic growth, Federal Reserve interest rate cuts, solid corporate earnings, and ongoing enthusiasm surrounding artificial intelligence (AI). Markets experienced periods of heightened volatility in 2026 as investors weighed tariff-related inflation concerns, shifting interest rate expectations, and conflict in the Middle East, which drove sharp swings in oil prices. Despite these headwinds, equities recovered from periodic sell-offs and reached new highs, supported by generally strong corporate earnings and continued optimism surrounding AI-related investment.

TOP PERFORMANCE CONTRIBUTORS

Advanced Micro Devices, Inc. | The leading semiconductor company contributed to absolute returns during the year as its partnership with OpenAI and continued demand for AI-related processors supported its shares.

Apple, Inc. | A position in the company also contributed to absolute returns as investor enthusiasm for new product launches and strong earnings reports supported its shares during the year.

TOP PERFORMANCE DETRACTORS

PTC, Inc. | As a leading computer-aided design and product life-cycle management software provider, PTC detracted from absolute returns during the year as muted guidance, the divestiture of its industrial internet of things business, and competitive concerns weighed on shares.

Meta Platforms, Inc. | Shares of the company detracted from absolute returns as investors remained concerned about the company's increased investment in AI infrastructure throughout the period.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

Fund Performance

The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the fund (or for the life of the fund, if shorter). It assumes a $10,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

GROWTH OF $10,000

Fund Performance - Growth of 10K

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
Capital Appreciation Value Fund (Class NAV/JCAVX)	10.24%	7.90%	11.05%
S&P 500 Index	20.38%	12.79%	15.37%
40% Bloomberg U.S. Aggregate Bond Index/ 60% S&P 500 Index	12.82%	7.59%	9.84%

Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Past performance does not guarantee future results. The return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Due to market volatility and other factors, the fund’s current performance may be higher or lower than the performance shown. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. It is not possible to invest directly in an index.

Fund Statistics

Fund net assets	$1,335,287,184
Total number of portfolio holdings	245
Total advisory fees paid (net)	$9,504,811
Portfolio turnover rate	144%

Graphical Representation of Holdings

The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

Top Ten Holdings

Microsoft Corp.	4.1%
NVIDIA Corp.	3.5%
Amazon.com, Inc.	3.4%
U.S. Treasury Note, 4.250%, 06/30/2033	3.0%
U.S. Treasury Note, 3.500%, 02/28/2031	2.4%
CenterPoint Energy, Inc.	2.4%
Advanced Micro Devices, Inc.	2.3%
Cencora, Inc.	2.3%
Apple, Inc.	2.1%
Meta Platforms, Inc., Class A	2.0%

Portfolio Composition

Common stocks	61.3%
U.S. Government	15.1%
Corporate bonds	9.1%
Term loans	7.7%
Short-term investments and other	6.8%

Holdings may not have been held by the fund for the entire period and are subject to change without notice. Portfolio composition is subject to review in accordance with the fund’s investment strategy and may vary in the future. Current and future portfolio holdings are subject to risk and may change at any time.

The fund is subject to various risks as described in the fund's prospectus . For more information, please refer to the "Principal risks" section of the prospectus .

Availability of Additional Information

Underlying site QR code

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.

Manulife JH back logo rebranded

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.

JHF2A-NAV

8/26

10/26

John Hancock Capital Appreciation Value Fund

Manulife JH front rebranded logo-TSR and FS

John Hancock Core Bond Fund

Class NAV/JHCDX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock Core Bond Fund (the fund) for the period of September 1, 2025 to August 31, 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 year ?

(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
Core Bond Fund (Class NAV/JHCDX)	$61	0.61%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

Core Bond Fund (Class NAV/JHCDX) returned 1.55% for the year ended August 31, 2026. High-quality fixed income performed reasonably well during the period, as higher overall yields more than offset weakness resulting from rising interest rates, which were driven by geopolitical conflict, accelerated capital expenditures for artificial intelligence (AI) investment, and sticky inflation.

TOP PERFORMANCE CONTRIBUTORS

Agency mortgage-backed securities | Positions in agency mortgage-backed passthroughs were the largest contributor to performance. Agency collateralized mortgage obligations (CMOs) were also strong contributors.

Asset-backed securities and corporate bonds | Asset-backed securities and corporate bonds issued by financial institutions were also significant contributors to performance.

TOP PERFORMANCE DETRACTORS

U.S. Treasuries | Holdings in longer maturity Treasuries detracted from performance, as yields were not fully able to offset the impact of higher interest rates in this part of the yield curve.

Technology bonds | Holdings in corporate bonds in the technology sector detracted from performance, as concerns over the magnitude of debt issuance used to fund AI-related capital expenditures grew.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

Fund Performance

GROWTH OF $10,000

Fund Performance - Growth of 10K

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
Core Bond Fund (Class NAV/JHCDX)	1.55%	(0.46)%	1.28%
Bloomberg U.S. Aggregate Bond Index	1.89%	(0.29)%	1.40%

Fund Statistics

Fund net assets	$1,687,035,911
Total number of portfolio holdings	946
Total advisory fees paid (net)	$9,588,543
Portfolio turnover rate	277%

Graphical Representation of Holdings

The tables below show the investment makeup of the fund, representing a percentage of the total investments of the fund.

Portfolio Composition

U.S. Government	30.4%
U.S. Government Agency	29.2%
Corporate bonds	24.2%
Collateralized mortgage obligations – U.S. Government Agency	5.7%
Asset-backed securities	5.3%
Collateralized mortgage obligations – Commercial and residential	1.2%
Foreign government obligations	0.9%
Municipal bonds	0.1%
Short-term investments	3.0%

Quality Composition

Graphical Representation - Allocation 1 Chart

Ratings are from Moody’s Investors Service, Inc. If not available, we have used S&P Global Ratings. In the absence of ratings from these agencies, we have used Fitch Ratings, Inc. “Not rated” securities are those with no ratings available from these agencies. All ratings are as of 8-31-26 and do not reflect subsequent downgrades or upgrades, if any.

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

Underlying site QR code

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.

Manulife JH back logo rebranded

John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com

NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.

JHF2A-NAV

8/26

10/26

John Hancock Core Bond Fund

Manulife JH front rebranded logo-TSR and FS

John Hancock International Strategic Equity Allocation Fund

Class NAV

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock International Strategic Equity Allocation Fund (the fund) for the period of September 1, 2025 to August 31, 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 year ?

(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
International Strategic Equity Allocation Fund (Class NAV)	$63	0.56%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

International Strategic Equity Allocation Fund (Class NAV) returned 26.73% for the year ended August 31, 2026. International equity markets advanced during the period, supported by solid corporate earnings growth, continued investment in artificial intelligence (AI) related infrastructure, resilient economic activity, and generally accommodative monetary policies. Periodic volatility stemming from geopolitical tensions, higher energy prices, and trade policy uncertainty tempered gains but did not derail overall positive market performance.

TOP PERFORMANCE CONTRIBUTORS

Information technology stocks | The information technology sector contributed the most to absolute performance. Holdings in Taiwan Semiconductor Manufacturing Company, Ltd. were an indispensable component in the global semiconductor supply chain as AI-fueled demand remained robust.

Samsung Electronics Company, Ltd. | Growing global demand for high-bandwidth memory, particularly for usage in AI chips and datacenters, helped boost this stock.

TOP PERFORMANCE DETRACTORS

Communication services | This was the only sector detracting from absolute performance primarily as a result of holdings in Tencent Holdings, Ltd.

Certain other holdings | Other weak performers included SAP SE, Xiaomi Corp., and Novo Nordisk A/S.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

Fund Performance

GROWTH OF $10,000

Fund Performance - Growth of 10K

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	Since inception
International Strategic Equity Allocation Fund (Class NAV)	26.73%	8.42%	8.84%
MSCI ACWI ex USA Index	27.35%	9.37%	9.83%

Fund Statistics

Fund net assets	$5,438,015,862
Total number of portfolio holdings	1,966
Total advisory fees paid (net)	$24,360,213
Portfolio turnover rate	29%

Graphical Representation of Holdings

The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

Top Ten Holdings

Taiwan Semiconductor Manufacturing Company, Ltd.	5.0%
Samsung Electronics Company, Ltd.	2.4%
SK Hynix, Inc.	1.8%
ASML Holding NV	1.8%
HSBC Holdings PLC	0.9%
Tencent Holdings, Ltd.	0.9%
Roche Holding AG	0.8%
Royal Bank of Canada	0.8%
Novartis AG	0.7%
Shell PLC	0.7%

Sector Composition

Financials	25.3%
Information technology	20.4%
Industrials	13.8%
Consumer discretionary	7.7%
Materials	7.0%
Health care	6.7%
Consumer staples	4.9%
Energy	4.8%
Communication services	4.3%
Utilities	3.0%
Real estate	1.2%
Short-term investments and other	0.9%

Country Composition

Graphical Representation - Allocation 2 Chart

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

Underlying site QR code

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.

Manulife JH back logo rebranded

John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com

NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.

JHF2A-NAV

8/26

10/26

John Hancock International Strategic Equity Allocation Fund

Manulife JH front rebranded logo-TSR and FS

John Hancock Mid Value Fund

Class NAV/JMVNX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock Mid Value Fund (the fund) for the period of September 1, 2025 to August 31, 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 year ?

(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
Mid Value Fund (Class NAV/JMVNX)	$94	0.85%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

Mid Value Fund (Class NAV/JMVNX) returned 22.00% for the year ended August 31, 2026. U.S. equity markets generated strong gains in the 12-month period. Stocks advanced in late 2025, supported by resilient economic growth, Federal Reserve interest rate cuts, solid corporate earnings, and ongoing enthusiasm surrounding artificial intelligence (AI). Markets experienced periods of heightened volatility in 2026 as investors weighed tariff-related inflation concerns, shifting interest rate expectations, and conflict in the Middle East, which drove sharp swings in oil prices. Despite these headwinds, equities recovered from periodic sell-offs and reached new highs, supported by generally strong corporate earnings and continued optimism surrounding AI-related investment.

TOP PERFORMANCE CONTRIBUTORS

Sandisk Corp. | This NAND memory company was the leading absolute contributor to performance as shares surged amid increased recognition of the company’s value potential following its spinoff from Western Digital Corp., supported by sharply higher NAND pricing, substantial margin expansion, and strong AI-driven storage demand.

Western Digital Corp. | The pure-play hard disk drive (HDD) company following its flash business spinoff also aided performance as shares benefited from strong hyperscale cloud HDD demand, higher exabyte volumes, favorable pricing, margin expansion, and durable AI-driven storage demand.

TOP PERFORMANCE DETRACTORS

Perrigo Company PLC | The consumer self-care company detracted the most from absolute performance as soft over-the-counter consumption and persistent infant formula challenges pressured sales and led to reduced expectations, while lower expected cash flows and weaker business prospects resulted in significant goodwill impairments.

Verra Mobility Corp. | The smart mobility technology company also hindered performance as shares declined sharply in May after major customer Avis Budget terminated a significant commercial services contract, prompting management to cut full-year guidance.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

Fund Performance

GROWTH OF $10,000

Fund Performance - Growth of 10K

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
Mid Value Fund (Class NAV/JMVNX)	22.00%	12.12%	11.20%
Russell 3000 Index	20.10%	11.80%	14.84%
Russell Midcap Value Index	24.55%	9.56%	10.53%

Fund Statistics

Fund net assets	$1,224,953,021
Total number of portfolio holdings	133
Total advisory fees paid (net)	$10,531,755
Portfolio turnover rate	48%

Graphical Representation of Holdings

The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

Top Ten Holdings

Corpay, Inc.	1.9%
Phillips 66	1.7%
Lamb Weston Holdings, Inc.	1.6%
Voya Financial, Inc.	1.5%
StandardAero, Inc.	1.4%
Fortive Corp.	1.4%
Concentra Group Holdings Parent, Inc.	1.3%
Baker Hughes Company	1.3%
Lazard, Inc.	1.2%
Ameren Corp.	1.2%

Sector Composition

Industrials	19.0%
Financials	19.0%
Information technology	12.3%
Energy	8.9%
Real estate	8.6%
Health care	8.6%
Consumer discretionary	6.7%
Utilities	6.3%
Consumer staples	4.7%
Materials	4.4%
Short-term investments and other	1.5%

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

Underlying site QR code

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.

Manulife JH back logo rebranded

John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com

NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.

JHF2A-NAV

8/26

10/26

John Hancock Mid Value Fund

Manulife JH front rebranded logo-TSR and FS

John Hancock U.S. Sector Rotation Fund

Class NAV

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock U.S. Sector Rotation Fund (the fund) for the period of September 1, 2025 to August 31, 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.

This report describes changes to the fund that occurred during the reporting period.

What were the fund costs during the last year ?

(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
U.S. Sector Rotation Fund (Class NAV)	$58	0.53%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

U.S. Sector Rotation Fund (Class NAV) returned 19.75% for the year ended August 31, 2026. U.S. equities delivered a robust gain in the annual period, albeit with a brief stretch of weakness in March following the start of the conflict in Iran. Investors were encouraged by the highly favorable backdrop of healthy economic growth trends, strong corporate earnings, and supportive U.S. Federal Reserve policy, as well as optimism about artificial intelligence (AI).

TOP PERFORMANCE CONTRIBUTORS

Information technology | Stocks in this sector made the largest contribution to absolute performance due to the combination of their return and sizable portfolio weighting. The semiconductor stocks Apple, Inc., NVIDIA Corp., and Micron Technology, Inc. all performed well.

Health care | Eli Lilly & Company, which continued to benefit from strong demand for its weight loss drugs, also added to absolute performance.

Communication services | Alphabet, Inc. was a leading contributor in this sector along with Warner Brothers Discovery, Inc., and Verizon Communications, Inc.

TOP PERFORMANCE DETRACTORS

Specific individual holdings | Shares of Meta Platforms, Inc. came under pressure on concerns that the company’s significant investments in AI were reducing its free cash flow. Netflix, Inc., which lagged due to slower subscriber growth and declining viewer engagement, was another key detractor.

Certain software stocks | Although the fund’s information technology holdings performed well overall, certain software stocks—including Microsoft Corp. and Oracle Corp.—were notable detractors.

The views expressed in this report are those of the portfolio management team and are subject to change. They are not meant as investment advice.

Fund Performance

GROWTH OF $10,000

Fund Performance - Growth of 10K

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	Since inception
U.S. Sector Rotation Fund (Class NAV)	19.75%	12.08%	14.65%
S&P 500 Index	20.38%	12.79%	15.51%

Fund Statistics

Fund net assets	$5,076,222,203
Total number of portfolio holdings	508
Total advisory fees paid (net)	$24,883,870
Portfolio turnover rate	18%

Graphical Representation of Holdings

The tables below show the investment makeup of the fund, representing a percentage of the total net assets of the fund.

Top Ten Holdings

NVIDIA Corp.	7.9%
Apple, Inc.	6.9%
Microsoft Corp.	5.6%
Amazon.com, Inc.	3.6%
Alphabet, Inc., Class A	2.9%
Broadcom, Inc.	2.6%
Alphabet, Inc., Class C	2.3%
Meta Platforms, Inc., Class A	1.8%
Micron Technology, Inc.	1.6%
Tesla, Inc.	1.5%

Sector Composition

Information technology	37.0%
Financials	12.0%
Health care	9.2%
Communication services	9.1%
Consumer discretionary	8.7%
Industrials	7.9%
Consumer staples	4.2%
Energy	3.5%
Materials	1.8%
Utilities	1.7%
Real estate	1.7%
Short-term investments and other	3.2%

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 .

Material Fund Changes

At a special meeting of shareholders of the fund held on May 26, 2026, the fund’s shareholders approved a proposal to change the fund’s diversification status from diversified to non-diversified effective on June 1, 2026 (the Effective Date). In connection with this change, non-diversified risk was added to the fund’s Prospectus.

This is a summary of certain changes to the fund since 9-1-25 . For more complete information, please refer to the fund’s prospectus. The currently effective prospectus is available at jhinvestments.com/underlying-funds or by calling 800-344-1029.

Availability of Additional Information

Underlying site QR code

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.

Manulife JH back logo rebranded

John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com

NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE. NOT INSURED BY ANY GOVERNMENT AGENCY.

JHF2A-NAV

8/26

10/26

John Hancock U.S. Sector Rotation Fund

ITEM 2. CODE OF ETHICS.

As of the end of the year, August 31, 2026, the registrant has adopted a code of ethics, as defined in Item 2 of Form N-CSR, that applies to its Chief Executive Officer, Chief Financial Officer and Treasurer (respectively, the principal executive officer, the principal financial officer and the principal accounting officer, the "Covered Officers"). A copy of the code of ethics is filed as an exhibit to this Form N-CSR.

ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.

Frances G. Rathke and William K. Bacic are audit committee financial experts and are "independent", pursuant to general instructions on Form N-CSR Item 3.

ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.

(a) Audit Fees

The aggregate fees billed for professional services rendered by the principal accountant for the audits of the registrant's annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements amounted to $229,604 and $231,440 for the fiscal years ended August 31, 2026 and August 31, 2025, respectively. These fees were billed to the registrant and were approved by the registrant's audit committee.

(b) Audit-Related Services

Audit-related fees for assurance and related services by the principal accountant are billed to the registrant or to the registrant's investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the adviser ("control affiliates") that provides ongoing services to the registrant. The nature of the services provided was a software licensing fee. Amounts billed to the registrant were $60 and $57 for fiscal years ended August 31, 2026 and August 31, 2025, respectively.

Amounts billed to control affiliates were $137,100 and $137,100 for the fiscal years ended August 31, 2026 and August 31, 2025, respectively.

The aggregate fees billed for professional services rendered by the principal accountant for tax compliance, tax advice and tax planning ("tax fees") amounted to $500 and $0 for the fiscal years ended August 31, 2026 and August 31, 2025, respectively. The nature of the services comprising the tax fees was the review of the registrant's tax returns and tax distribution requirements. These fees were billed to the registrant and were approved by the registrant's audit committee.

(d) All Other Fees

Other fees amounted to $3,390 and $0 for the fiscal years ended August 31, 2026 and August 31, 2025, respectively. The nature of the services comprising all other fees is advisory services provided to the investment manager. These fees were approved by the registrant's audit committee.

(e)(1) Audit Committee Pre-Approval Policies and Procedures

The registrant's Audit Committee must pre-approve all audit and non-audit services provided by the independent registered public accounting firm (the "Auditor") relating to the operations or financial reporting of the funds. Prior to the commencement of any audit or non-audit services to a fund, the Audit Committee reviews the services to determine whether they are appropriate and permissible under applicable law.

The registrant's Audit Committee has adopted policies and procedures to, among other purposes, provide a framework for the Committee's consideration of audit-related and non-audit services by the Auditor. The policies and procedures require that any audit-related and non-audit service provided by the Auditor and any non-audit service provided by the Auditor to a fund service provider that relates directly to the operations and financial reporting of a fund are subject to approval by the Audit Committee before such service is provided. Audit-related services provided by the Auditor that are expected to exceed $25,000 per instance/per fund are subject to specific pre-approval by the Audit Committee. Tax services provided by the Auditor that are expected to exceed $30,000 per instance/per fund are subject to specific pre-approval by the Audit Committee.

All audit services, as well as the audit-related and non-audit services that are expected to exceed the amounts stated above, must be approved in advance of provision of the service by formal resolution of the Audit Committee. At the regularly scheduled Audit Committee meetings, the Committee reviews a report summarizing the services, including fees, provided by the Auditor.

(e)(2) Services approved pursuant to paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X.

Audit-Related Fees, Tax Fees and All Other Fees

There were no amounts that were approved by the Audit Committee pursuant to the de minimis exception under Rule 2-01 of Regulation S-X.

(f) According to the registrant's principal accountant for the fiscal year ended August 31, 2026, the percentage of hours spent on the audit of the registrant's financial statements for the most recent fiscal year that were attributed to work performed by persons who were not full-time, permanent employees of principal accountant was less than 50%.

(g) The aggregate non-audit fees billed by the registrant's principal accountant for non-audit services rendered to the registrant and rendered to the registrant's control affiliates were $1,060,113 for the fiscal year ended August 31, 2026 and $594,741 for the fiscal year ended August 31, 2025.

(h) The audit committee of the registrant has considered the non-audit services provided by the registrant's principal accountant to the control affiliates and has determined that the services that were not pre-approved are compatible with maintaining the principal accountant's independence.

(i) Not applicable.

(j) Not applicable.

ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS.

The registrant has a separately-designated standing audit committee comprised of independent trustees. The members of the audit committee are as follows:

Frances G. Rathke – Chairperson

William H. Cunningham - retired effective December 31, 2025

William K. Bacic

Thomas R. Wright - effective January 1, 2026

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 year ended August 31, 2026 for the following funds:

John Hancock Capital Appreciation Value Fund
John Hancock Core Bond Fund
John Hancock International Strategic Equity Allocation Fund
John Hancock Mid Value Fund
John Hancock U.S. Sector Rotation Fund

Annual Financial Statements & Other N-CSR Items

John Hancock

Funds II

August 31, 2026

John Hancock Funds II

Annual Financial Statements & Other N-CSR Items — table of contents

Portfolio of investments (See below for each fund's page #)	3
Statements of assets and liabilities	51
Statements of operations	53
Statements of changes in net assets	55
Financial highlights	56
Notes to financial statements	57
Report of independent registered public accounting firm	70
Federal tax information	71
Shareholder meeting	72
Evaluation of advisory and subadvisory agreements by the Board of Trustees	73
Appendix A	77
Other N-CSR Items	79

Fund	Portfolio of investments
Capital Appreciation Value Fund		3
Core Bond Fund		7
International Strategic Equity Allocation Fund		20

Fund	Portfolio of investments
Mid Value Fund		41
U.S. Sector Rotation Fund		43

	Shares or Principal Amount	Value
COMMON STOCKS – 61.3%
Communication services – 5.2%
Entertainment – 0.1%
Madison Square Garden Sports Corp. (A)	3,905	$	1,502,371
Interactive media and services – 5.1%
Alphabet, Inc., Class A (B)	59,932		20,337,924
Alphabet, Inc., Class C	61,766		20,716,934
Meta Platforms, Inc., Class A	46,847		26,812,412
			67,867,270
			69,369,641
Consumer discretionary – 5.2%
Broadline retail – 3.4%
Amazon.com, Inc. (A)(B)	177,411		46,086,055
Hotels, restaurants and leisure – 1.8%
DoorDash, Inc., Class A (A)	60,920		14,117,601
Yum! Brands, Inc. (B)	62,768		9,622,962
			23,740,563
			69,826,618
Consumer staples – 1.6%
Beverages – 1.6%
Keurig Dr. Pepper, Inc.	657,285		20,941,100
Energy – 1.4%
Energy equipment and services – 0.2%
SLB, Ltd.	42,951		2,581,355
Oil, gas and consumable fuels – 1.2%
Canadian Natural Resources, Ltd.	242,367		12,135,316
ConocoPhillips	33,593		4,450,737
			16,586,053
			19,167,408
Financials – 5.7%
Capital markets – 2.2%
Ares Management Corp., Class A	67,222		9,624,174
KKR & Company, Inc.	87,739		9,626,723
MSCI, Inc.	17,022		9,713,434
			28,964,331
Financial services – 2.6%
Mastercard, Inc., Class A (B)	38,644		22,773,296
Teamshares, Inc. (A)	5,982		38,046
Visa, Inc., Class A (B)	31,517		11,956,604
			34,767,946
Insurance – 0.9%
Arthur J. Gallagher & Company	19,632		5,146,529
Ryan Specialty Holdings, Inc.	26,928		1,135,823
Willis Towers Watson PLC	17,360		5,877,228
			12,159,580
			75,891,857
Health care – 12.1%
Biotechnology – 6.2%
Alnylam Pharmaceuticals, Inc. (A)	89,395		21,516,483
Arcellx, Inc. (A)(C)	29,772		2,084
Ascendis Pharma A/S (A)	71,617		18,838,136
CG Oncology, Inc. (A)	49,644		3,731,243
Cytokinetics, Inc. (A)	125,703		8,913,600
Denali Therapeutics, Inc. (A)	124,025		2,946,834
Dianthus Therapeutics, Inc. (A)	29,900		3,157,739
Dyne Therapeutics, Inc. (A)	70,101		1,782,668
Erasca, Inc. (A)	142,036		2,539,604
Kymera Therapeutics, Inc. (A)	41,463		4,926,219
MoonLake Immunotherapeutics (A)	32,179		484,294
Oruka Therapeutics, Inc. (A)	45,142		4,181,052
Relay Therapeutics, Inc. (A)	44,710		821,770

	Shares or Principal Amount	Value
COMMON STOCKS (continued)
Biotechnology (continued)
Stoke Therapeutics, Inc. (A)	10,924	$	340,829
Vaxcyte, Inc. (A)	83,781		5,088,858
Xenon Pharmaceuticals, Inc. (A)	64,000		3,854,080
			83,125,493
Health care equipment and supplies – 0.4%
Becton, Dickinson and Company	28,043		5,275,169
Health care providers and services – 2.3%
Cencora, Inc.	94,159		30,469,852
Life sciences tools and services – 3.2%
Danaher Corp.	60,584		12,938,319
Revvity, Inc.	116,743		15,021,322
Waters Corp. (A)	34,633		14,359,881
			42,319,522
Pharmaceuticals – 0.0%
Maze Therapeutics, Inc. (A)	26,700		709,419
			161,899,455
Industrials – 2.5%
Aerospace and defense – 1.3%
Arxis, Inc., Class A (A)	28,888		1,495,532
Lockheed Martin Corp.	12,507		7,019,304
Northrop Grumman Corp.	15,694		8,470,052
			16,984,888
Commercial services and supplies – 0.7%
Veralto Corp.	93,880		9,253,752
Machinery – 0.3%
Ingersoll Rand, Inc.	60,848		4,688,338
Professional services – 0.2%
TransUnion	24,090		2,045,482
			32,972,460
Information technology – 22.4%
Communications equipment – 1.6%
Arista Networks, Inc. (A)	79,638		15,584,360
Ciena Corp. (A)	6,100		2,335,080
Lumentum Holdings, Inc. (A)	4,300		3,933,468
			21,852,908
IT services – 0.2%
IBM Corp.	8,598		2,010,814
Quantinuum, Inc., Class A (A)	9,600		480,960
			2,491,774
Semiconductors and semiconductor equipment – 11.2%
Advanced Micro Devices, Inc. (A)	64,927		30,562,437
ASML Holding NV, NYRS	4,921		8,346,065
Broadcom, Inc.	69,272		25,654,192
Cerebras Systems, Inc., Class A (A)(D)	17,581		3,239,123
Micron Technology, Inc.	8,622		8,266,170
NVIDIA Corp. (B)	209,599		46,275,267
Qualcomm, Inc.	15,700		2,676,536
SK Hynix, Inc., ADR	27,252		4,485,134
Taiwan Semiconductor Manufacturing Company, Ltd.	258,000		19,389,168
			148,894,092
Software – 7.3%
Aurora Innovation, Inc. (A)	3,239,843		18,240,316
Bending Spoons SpA (A)(D)	269,506		11,144,073
Bentley Systems, Inc., Class B	39,444		1,449,567
Cadence Design Systems, Inc. (A)	8,316		2,817,294
Microsoft Corp. (B)	107,328		54,446,415
PTC, Inc. (A)(B)	41,786		6,507,752

		Shares or Principal Amount	Value
CORPORATE BONDS (continued)
Energy (continued)
Murphy Oil USA, Inc. (continued)
5.875%, 06/01/2034 (E)	$	565,000	$	560,374
				700,204
Financials - 2.1%
AmWINS Group, Inc. 6.375%, 02/15/2029 (E)		741,000		748,035
Broadstreet Partners Group LLC 5.875%, 04/15/2029 (E)		2,417,000		2,382,875
HUB International, Ltd.
5.625%, 12/01/2029 (E)		1,498,000		1,490,510
7.250%, 06/15/2030 (E)		10,963,000		11,287,439
7.375%, 01/31/2032 (E)		6,054,000		6,214,086
MSCI, Inc. 5.250%, 09/01/2035		1,687,000		1,616,857
Ryan Specialty LLC
4.375%, 02/01/2030 (E)		511,000		493,928
5.875%, 08/01/2032 (E)		1,188,000		1,175,272
USI, Inc. 7.500%, 01/15/2032 (E)		2,325,000		2,424,093
				27,833,095
Health care - 0.1%
IQVIA, Inc.
5.000%, 05/15/2027 (E)		877,000		876,860
6.500%, 05/15/2030 (E)		628,000		640,132
Surgery Center Holdings, Inc. 7.250%, 04/15/2032 (E)		507,000		509,872
				2,026,864
Industrials - 1.7%
Booz Allen Hamilton, Inc.
4.000%, 07/01/2029 (E)		472,000		457,206
5.950%, 08/04/2033		693,000		695,432
TransDigm, Inc.
4.625%, 01/15/2029		951,000		933,789
6.125%, 07/31/2034 (E)		2,330,000		2,303,146
6.250%, 01/31/2034 (E)		198,000		200,204
6.375%, 03/01/2029 (E)		3,363,000		3,412,823
6.375%, 05/31/2033 (E)		4,211,000		4,222,446
6.625%, 03/01/2032 (E)		4,397,000		4,490,313
6.750%, 08/15/2028 (E)		573,000		576,640
6.750%, 01/31/2034 (E)		2,638,000		2,679,944
7.125%, 12/01/2031 (E)		2,068,000		2,137,146
				22,109,089
Information technology - 0.1%
Crowdstrike Holdings, Inc. 3.000%, 02/15/2029		150,000		142,922
PTC, Inc. 4.000%, 02/15/2028 (E)		834,000		817,742
				960,664
Real estate - 0.4%
SBA Communications Corp.
3.125%, 02/01/2029		2,236,000		2,137,146
3.875%, 02/15/2027		1,988,000		1,980,474
4.875%, 01/15/2030		846,000		837,965
SBA Tower Trust 6.599%, 01/15/2028 (E)		68,000		68,426
				5,024,011
Utilities - 2.8%
Alliant Energy Corp. 5.750%, (5.750% to 4-1-31, then 5 Year CMT + 2.077%), 04/01/2056		578,000		565,839
American Electric Power Company, Inc.
5.800%, (5.800% to 3-15-31, then 5 Year CMT + 2.128%), 03/15/2056		3,677,000		3,611,335

		Shares or Principal Amount	Value
TERM LOANS (F)(continued)
Financials (continued)
Ryan Specialty LLC, 2024 USD Term Loan B (1 month CME Term SOFR + 2.000%) 5.686%, 09/15/2031	$	141,563		141,386
USI, Inc., 2024 Term Loan C (3 month CME Term SOFR + 2.250%) 5.982%, 09/29/2030		3,782,320		3,783,379
USI, Inc., 2024 Term Loan D (3 month CME Term SOFR + 2.250%) 5.982%, 11/21/2029		3,900,117		3,901,950
				53,010,126
Health care – 0.3%
Loire Finco Luxembourg Sarl, 2025 USD Term Loan B (1 month CME Term SOFR + 4.000%) 7.685%, 01/21/2030		3,368,492		3,379,911
Industrials – 0.5%
TransDigm, Inc., 2025 Term Loan K (1 month CME Term SOFR + 2.250%) 5.936%, 03/22/2030		6,513,982		6,527,857
TransDigm, Inc., 2026 Term Loan N (1 month CME Term SOFR + 2.500%) 6.186%, 02/13/2033		749,123		751,198
				7,279,055
Information technology – 2.1%
Applied Systems, Inc., 2024 1st Lien Term Loan (3 month CME Term SOFR + 2.250%) 5.982%, 02/24/2031		19,180,967		18,869,276
Applied Systems, Inc., 2024 2nd Lien Term Loan (3 month CME Term SOFR + 4.500%) 8.232%, 02/23/2032		2,735,401		2,684,550
Bending Spoons US, Inc., 2026 USD Term Loan B (1 month CME Term SOFR + 5.625%) 9.276%, 03/07/2031		4,189,838		4,218,664
Bending Spoons US, Inc., USD Term Loan B (1 month CME Term SOFR + 5.625%) 9.276%, 03/07/2031		275,489		277,384
Ellucian Holdings, Inc., 2024 1st Lien Term Loan B (1 month CME Term SOFR + 2.500%) 6.186%, 10/09/2029		2,372,660		2,318,777
				28,368,651
TOTAL TERM LOANS (Cost $102,595,493)			$	102,358,931
SHORT-TERM INVESTMENTS – 8.0%
Short-term funds – 8.0%
John Hancock Collateral Trust, 3.6571% (G)(H)		1,505,338	$	15,053,232
State Street Institutional U.S. Government Money Market Fund, Premier Class, 3.6112% (G)		7,583,546		7,583,546
T. Rowe Price Government Reserve Fund, 3.7112% (G)		84,682,321		84,682,321
TOTAL SHORT-TERM INVESTMENTS (Cost $107,318,234)			$	107,319,099
Total Investments (Capital Appreciation Value Fund) (Cost $1,200,051,840) – 101.2%			$	1,351,678,518
Other assets and liabilities, net – (1.2%)				(16,391,334)
TOTAL NET ASSETS – 100.0%			$	1,335,287,184

Security Abbreviations and Legend
ADR	American Depositary Receipt
CME	CME Group Published Rates
CMT	Constant Maturity Treasury
NYRS	New York Registry Shares
SOFR	Secured Overnight Financing Rate
(A)	Non-income producing security.

(B)	All or a portion of this security is segregated at the custodian as collateral for certain derivatives.
(C)	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. Refer to Note 2 to the financial statements.
(D)	All or a portion of this security is on loan as of 8-31-26.
(E)	This security is exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration.

(F)	Term loans are variable rate obligations. The rate shown represents the rate at period end.
(G)	The rate shown is the annualized seven-day yield as of 8-31-26.
(H)	Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.

Options on securities
Counterparty (OTC)/ Exchange- traded	Name of issuer	Currency	Exercise price	Expiration date	Number of contracts	Notional amount	Premium	Value
Calls
JPM	Advanced Micro Devices, Inc.	USD	310.00	Jan 2027	27	2,700	$104,637	$(466,702)
JPM	Advanced Micro Devices, Inc.	USD	320.00	Jan 2027	27	2,700	97,760	(443,210)
UBS	Alphabet, Inc., Class A	USD	340.00	Jan 2027	22	2,200	60,533	(63,203)
UBS	Alphabet, Inc., Class A	USD	340.00	Jan 2027	39	3,900	133,224	(112,041)
UBS	Alphabet, Inc., Class A	USD	350.00	Jan 2027	22	2,200	54,811	(53,073)
JPM	Alphabet, Inc., Class A	USD	360.00	Jan 2027	22	2,200	53,762	(44,277)
UBS	Alphabet, Inc., Class A	USD	360.00	Jan 2027	22	2,200	49,529	(44,277)
JPM	Alphabet, Inc., Class A	USD	370.00	Jan 2027	22	2,200	47,666	(36,728)
JPM	Alphabet, Inc., Class A	USD	380.00	Jan 2027	22	2,200	42,241	(30,320)
JPM	Alphabet, Inc., Class A	USD	400.00	Jan 2027	40	4,000	110,084	(37,265)
JPM	Alphabet, Inc., Class A	USD	415.00	Jan 2027	40	4,000	94,709	(27,735)
JPM	Alphabet, Inc., Class C	USD	430.00	Jun 2027	22	2,200	97,176	(35,706)
JPM	Alphabet, Inc., Class C	USD	440.00	Jun 2027	23	2,300	94,267	(33,325)
JPM	Alphabet, Inc., Class C	USD	450.00	Jun 2027	23	2,300	88,195	(29,750)
JPM	Alphabet, Inc., Class C	USD	460.00	Jun 2027	23	2,300	80,065	(26,562)
BOA	Apple, Inc.	USD	300.00	Jan 2027	64	6,400	91,617	(209,929)
BOA	Apple, Inc.	USD	340.00	Jun 2027	31	3,100	81,353	(79,808)
BOA	Apple, Inc.	USD	350.00	Jun 2027	31	3,100	69,689	(67,956)
BOA	Apple, Inc.	USD	360.00	Jun 2027	31	3,100	59,583	(57,630)
BOA	Apple, Inc.	USD	370.00	Jun 2027	31	3,100	50,717	(48,679)
GSI	Broadcom, Inc.	USD	390.00	Jan 2027	40	4,000	187,547	(142,717)
GSI	Broadcom, Inc.	USD	390.00	Jan 2027	30	3,000	138,000	(107,037)
GSI	Broadcom, Inc.	USD	410.00	Jan 2027	40	4,000	164,701	(115,326)
JPM	Canadian Natural Resources, Ltd.	USD	50.00	Jan 2027	92	9,200	25,383	(32,398)
JPM	Canadian Natural Resources, Ltd.	USD	52.50	Jan 2027	92	9,200	18,185	(22,767)
JPM	Canadian Natural Resources, Ltd.	USD	55.00	Jan 2027	92	9,200	12,805	(15,790)
JPM	Canadian Natural Resources, Ltd.	USD	57.50	Jan 2027	92	9,200	9,723	(10,944)
NOM	DoorDash, Inc., Class A	USD	230.00	Jan 2027	27	2,700	84,294	(70,276)
BOA	DoorDash, Inc., Class A	USD	175.00	Mar 2027	45	4,500	115,083	(306,867)
BOA	DoorDash, Inc., Class A	USD	180.00	Mar 2027	45	4,500	107,047	(289,600)
BOA	DoorDash, Inc., Class A	USD	185.00	Mar 2027	45	4,500	99,495	(272,857)
BOA	DoorDash, Inc., Class A	USD	190.00	Mar 2027	45	4,500	92,360	(256,662)
GSI	Ingersoll Rand, Inc.	USD	95.00	Jan 2027	26	2,600	20,515	(3,688)
GSI	Ingersoll Rand, Inc.	USD	95.00	Jan 2027	21	2,100	15,022	(2,978)
GSI	Ingersoll Rand, Inc.	USD	95.00	Jan 2027	18	1,800	13,433	(2,553)
GSI	Ingersoll Rand, Inc.	USD	100.00	Jan 2027	26	2,600	16,170	(2,247)
GSI	Ingersoll Rand, Inc.	USD	100.00	Jan 2027	21	2,100	11,842	(1,815)
GSI	Ingersoll Rand, Inc.	USD	100.00	Jan 2027	18	1,800	10,167	(1,555)
GSI	Ingersoll Rand, Inc.	USD	80.00	Mar 2027	61	6,100	32,880	(41,728)
GSI	Ingersoll Rand, Inc.	USD	85.00	Mar 2027	61	6,100	24,445	(29,641)
BARC	Mastercard, Inc., Class A	USD	570.00	Jan 2027	10	1,000	34,829	(49,257)
BARC	Mastercard, Inc., Class A	USD	570.00	Jan 2027	18	1,800	48,366	(88,662)
BARC	Mastercard, Inc., Class A	USD	580.00	Jan 2027	17	1,700	51,472	(73,457)
BARC	Mastercard, Inc., Class A	USD	600.00	Jan 2027	17	1,700	41,423	(55,423)
BARC	Mastercard, Inc., Class A	USD	600.00	Jan 2027	10	1,000	24,811	(32,602)
BARC	Mastercard, Inc., Class A	USD	550.00	Jun 2027	15	1,500	53,735	(126,839)
BARC	Mastercard, Inc., Class A	USD	560.00	Jun 2027	15	1,500	46,249	(117,106)
BARC	Mastercard, Inc., Class A	USD	580.00	Jun 2027	15	1,500	37,879	(99,003)
BARC	Mastercard, Inc., Class A	USD	590.00	Jun 2027	15	1,500	35,189	(90,657)

Options on securities (continued)
Counterparty (OTC)/ Exchange- traded	Name of issuer	Currency	Exercise price	Expiration date	Number of contracts	Notional amount	Premium	Value
Calls (continued)
WFB	Revvity, Inc.	USD	105.00	Dec 2026	20	2,000	$21,181	$(56,270)
WFB	Revvity, Inc.	USD	110.00	Dec 2026	20	2,000	16,976	(48,391)
WFB	Revvity, Inc.	USD	115.00	Dec 2026	20	2,000	13,372	(40,953)
WFB	Revvity, Inc.	USD	120.00	Dec 2026	20	2,000	10,368	(34,080)
CITI	Visa, Inc., Class A	USD	345.00	Jan 2027	13	1,300	28,444	(61,338)
CITI	Visa, Inc., Class A	USD	345.00	Jan 2027	25	2,500	40,550	(117,958)
CITI	Visa, Inc., Class A	USD	360.00	Jan 2027	25	2,500	45,175	(90,229)
CITI	Visa, Inc., Class A	USD	365.00	Jan 2027	13	1,300	19,292	(42,520)
CITI	Visa, Inc., Class A	USD	375.00	Jan 2027	25	2,500	33,175	(66,170)
GSI	Visa, Inc., Class A	USD	360.00	Jun 2027	22	2,200	48,005	(111,082)
GSI	Visa, Inc., Class A	USD	370.00	Jun 2027	22	2,200	39,625	(97,647)
GSI	Visa, Inc., Class A	USD	380.00	Jun 2027	22	2,200	34,636	(85,229)
GSI	Visa, Inc., Class A	USD	390.00	Jun 2027	22	2,200	28,218	(73,857)
WFB	Waters Corp.	USD	380.00	Jan 2027	13	1,300	46,000	(75,634)
WFB	Waters Corp.	USD	390.00	Jan 2027	13	1,300	37,818	(66,881)
WFB	Waters Corp.	USD	400.00	Jan 2027	13	1,300	32,366	(58,676)
WFB	Waters Corp.	USD	410.00	Jan 2027	13	1,300	28,472	(51,050)
UBS	Yum! Brands, Inc.	USD	165.00	Jan 2027	44	4,400	35,052	(21,099)
UBS	Yum! Brands, Inc.	USD	180.00	Jan 2027	6	600	3,886	(1,154)
UBS	Yum! Brands, Inc.	USD	180.00	Jan 2027	6	600	4,304	(1,154)
UBS	Yum! Brands, Inc.	USD	180.00	Jan 2027	23	2,300	15,894	(4,424)
UBS	Yum! Brands, Inc.	USD	185.00	Jan 2027	6	600	3,144	(851)
UBS	Yum! Brands, Inc.	USD	185.00	Jan 2027	6	600	3,505	(851)
UBS	Yum! Brands, Inc.	USD	185.00	Jan 2027	23	2,300	12,925	(3,262)
UBS	Yum! Brands, Inc.	USD	165.00	Jun 2027	19	1,900	16,954	(17,707)
UBS	Yum! Brands, Inc.	USD	170.00	Jun 2027	19	1,900	13,755	(14,228)
UBS	Yum! Brands, Inc.	USD	175.00	Jun 2027	19	1,900	11,031	(11,247)
UBS	Yum! Brands, Inc.	USD	180.00	Jun 2027	19	1,900	8,568	(8,746)
							$3,787,359	$(5,673,316)

Derivatives Abbreviations
BARC	Barclays Bank PLC
BOA	Bank of America, N.A.
CITI	Citibank, N.A.
GSI	Goldman Sachs International
JPM	JPMorgan Chase Bank, N.A.
NOM	Nomura Global Financial Products, Inc.
OTC	Over-the-counter
UBS	UBS AG
WFB	Wells Fargo Bank, N.A.

		Shares or Principal Amount	Value
COMMON STOCKS (continued)
Software (continued)
Synopsys, Inc. (A)		7,206	$	3,167,686
				97,773,103
Technology hardware, storage and peripherals – 2.1%
Apple, Inc.		88,644		28,086,851
				299,098,728
Utilities – 5.2%
Electric utilities – 1.0%
PPL Corp.		384,276		13,115,340
Multi-utilities – 4.2%
Ameren Corp.		144,056		15,271,377
CenterPoint Energy, Inc.		805,584		31,901,126
NiSource, Inc.		218,333		8,934,186
				56,106,689
				69,222,029
TOTAL COMMON STOCKS (Cost $663,370,623)			$	818,389,296
U.S. GOVERNMENT AND AGENCY OBLIGATIONS – 15.1%
U.S. Government – 15.1%
U.S. Treasury Notes
3.500%, 02/28/2031	$	34,228,600		32,875,501
3.750%, 01/31/2031 to 02/28/2033		29,946,000		28,664,557
3.875%, 03/31/2031 to 12/31/2032		37,990,000		36,808,120
4.000%, 01/31/2033		13,355,000		12,920,963
4.125%, 06/30/2031		24,727,000		24,330,982
4.250%, 05/31/2033 to 06/30/2033		67,537,000		66,150,387
				201,750,510
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $205,661,829)			$	201,750,510
CORPORATE BONDS - 9.1%
Consumer discretionary - 1.9%
Hilton Domestic Operating Company, Inc.
3.625%, 02/15/2032 (E)		2,239,000		2,033,626
3.750%, 05/01/2029 (E)		1,874,000		1,805,511
4.000%, 05/01/2031 (E)		2,481,000		2,331,549
4.875%, 01/15/2030		1,571,000		1,554,754
5.500%, 03/31/2034 (E)		2,086,000		2,053,511
5.750%, 09/15/2033 (E)		1,492,000		1,490,687
5.875%, 04/01/2029 (E)		904,000		911,029
Hilton Worldwide Finance LLC 4.875%, 04/01/2027		752,000		752,027

		Shares or Principal Amount	Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS – 61.8%
U.S. Government – 31.5%
U.S. Treasury Bonds
1.125%, 08/15/2040	$	2,288,000	$	1,392,820
1.375%, 11/15/2040 to 08/15/2050		22,098,000		12,227,512
1.625%, 11/15/2050		14,697,000		7,315,776
1.750%, 08/15/2041		18,120,000		11,775,877
2.000%, 11/15/2041		36,936,000		24,787,519
2.250%, 08/15/2049		14,609,000		8,684,366
2.375%, 02/15/2042		16,837,000		11,891,131
2.750%, 08/15/2047 to 11/15/2047		20,254,000		13,711,519

		Shares or Principal Amount	Value
U.S. GOVERNMENT AND AGENCY OBLIGATIONS (continued)
U.S. Government (continued)
U.S. Treasury Bonds (continued)
3.000%, 02/15/2048 to 02/15/2049	$	36,935,000	$	25,891,133
4.625%, 11/15/2055		20,183,000		18,297,151
5.000%, 05/15/2056		30,970,000		29,847,338
5.125%, 08/15/2046		33,192,000		32,735,610
U.S. Treasury Notes
3.500%, 10/15/2028 to 02/15/2029		15,107,000		14,841,438
3.625%, 03/31/2030 to 12/31/2030		42,814,000		41,438,705
3.750%, 12/31/2028 to 06/30/2030		30,023,000		29,396,925

		Shares or Principal Amount	Value
FOREIGN GOVERNMENT OBLIGATIONS (continued)
Poland – 0.1%
Republic of Poland
5.375%, 04/14/2036	$	1,487,000	$	1,465,833
6.125%, 04/14/2056		706,000		679,892
				2,145,725
United Arab Emirates – 0.0%
Abu Dhabi Government 3.125%, 09/30/2049 (C)		562,000		360,285
Uruguay – 0.1%
Republic of Uruguay 5.442%, 02/14/2037		848,000		844,608
TOTAL FOREIGN GOVERNMENT OBLIGATIONS (Cost $15,361,993)			$	15,169,535
CORPORATE BONDS – 25.0%
Communication services – 1.9%
Alphabet, Inc.
4.700%, 11/15/2035		1,664,000		1,576,386
4.875%, 08/15/2031		1,453,000		1,443,680
5.300%, 05/15/2065		790,000		665,729
5.450%, 08/15/2036		1,453,000		1,441,549
6.250%, 08/15/2046		630,000		633,124
6.375%, 08/15/2056		266,000		267,655
6.500%, 08/15/2066		630,000		630,183
AT&T, Inc.
3.500%, 06/01/2041		526,000		389,982
3.500%, 09/15/2053		645,000		393,584
3.550%, 09/15/2055		991,000		600,736
3.650%, 09/15/2059		515,000		310,177
3.800%, 12/01/2057		717,000		450,424
4.400%, 04/30/2031 (D)		999,000		971,288
4.750%, 04/30/2033		578,000		556,062
5.250%, 10/30/2036		1,887,000		1,803,619
5.550%, 11/01/2045		483,000		430,936
5.850%, 04/30/2046		1,067,000		982,534
6.000%, 04/30/2056		827,000		753,037
6.200%, 10/30/2056 (D)		1,088,000		1,021,493
6.300%, 10/30/2066		544,000		507,341
Beignet Investor LLC 6.581%, 05/30/2049 (C)		613,000		587,260
Bell Canada 5.450%, 11/15/2036 (D)		1,457,000		1,413,209
Charter Communications Operating LLC
3.500%, 03/01/2042		569,000		382,997
3.900%, 06/01/2052		1,355,000		822,883
6.050%, 02/15/2032		751,000		751,822
6.550%, 06/01/2034		923,000		921,588
6.700%, 12/01/2055 (D)		725,000		658,021
6.950%, 08/15/2036		501,000		501,990
Comcast Corp.
2.987%, 11/01/2063		616,000		299,426
4.049%, 11/01/2052		530,000		353,855
5.350%, 05/15/2053		291,000		239,461
6.050%, 05/15/2055 (D)		291,000		265,857
Meta Platforms, Inc.
5.250%, 05/15/2036 (D)		811,000		780,530
5.500%, 11/15/2045		476,000		413,074
Orange SA
4.000%, 01/13/2029 (C)(D)		1,073,000		1,053,533
4.250%, 01/13/2031 (C)		1,580,000		1,522,302
4.750%, 01/13/2033 (C)		1,699,000		1,635,515
5.000%, 01/13/2036 (C)		992,000		943,166
Verizon Communications, Inc.
2.987%, 10/30/2056		825,000		456,149
5.750%, 11/30/2045		314,000		293,106

		Shares or Principal Amount	Value
MUNICIPAL BONDS – 0.1%
Board of Regents of the University of Texas System 2.439%, 08/15/2049	$	520,000	$	300,159
County of Clark Department of Aviation (Nevada) 6.820%, 07/01/2045		360,000		385,626
North Texas Tollway Authority 6.718%, 01/01/2049		459,000		484,436
Ohio State University 4.800%, 06/01/2111		258,000		205,523
Port Authority of New York & New Jersey 4.458%, 10/01/2062		1,010,000		811,616
TOTAL MUNICIPAL BONDS (Cost $2,667,243)			$	2,187,360
COLLATERALIZED MORTGAGE OBLIGATIONS – 7.2%
Commercial and residential – 1.2%
Angel Oak Mortgage Trust LLC Series 2021-6, Class A1 1.458%, 09/25/2066 (C)(E)		587,811		485,194
BBCMS Mortgage Trust
Series 2018-C2, Class ASB, 4.236%, 12/15/2051		142,766		142,084
Series 2021-C12, Class A5, 2.689%, 11/15/2054		423,000		371,232
Series 2022-C17, Class A5, 4.441%, 09/15/2055		538,000		513,371
Benchmark Mortgage Trust
Series 2021-B25, Class A4, 2.268%, 04/15/2054		573,000		519,074
Series 2026-V23, Class A3, 5.853%, 08/28/2059		1,370,000		1,404,010
BMO Mortgage Trust
Series 2026-5C16, Class A3, 5.963%, 08/15/2059		1,247,000		1,280,767
Series 2026-C15, Class A5, 5.818%, 08/15/2059		813,000		833,230
Bunker Hill Loan Depositary Trust Series 2019-2, Class A1 2.879%, 07/25/2049 (C)		126,594		124,489
BX Trust Series 2025-VOLT, Class A (1 month CME Term SOFR + 1.700%) 5.339%, 12/15/2044 (A)(C)		1,760,000		1,755,600
COLT Mortgage Loan Trust
Series 2021-2, Class A1, 0.924%, 08/25/2066 (C)(E)		732,749		621,549
Series 2021-4, Class A1, 1.397%, 10/25/2066 (C)(E)		826,907		694,396
CSAIL Commercial Mortgage Trust Series 2019-C16, Class ASB 3.142%, 06/15/2052		437,091		428,942
GS Mortgage Securities Trust Series 2020-GSA2, Class A4 1.721%, 12/12/2053		1,786,000		1,600,795
JPMorgan Chase Commercial Mortgage Securities Trust Series 2016-JP4, Class A3 3.393%, 12/15/2049		55,661		55,382
MFA Trust Series 2021-NQM2, Class A1 1.029%, 11/25/2064 (C)(E)		281,431		248,011
Morgan Stanley Bank of America Merrill Lynch Trust Series 2026-C36, Class A5 5.789%, 08/15/2059		1,084,000		1,113,473

		Shares or Principal Amount	Value
COLLATERALIZED MORTGAGE OBLIGATIONS (continued)
Commercial and residential (continued)
Morgan Stanley Capital I Trust Series 2020-HR8, Class A3 1.790%, 07/15/2053	$	656,686	$	590,181
Starwood Mortgage Residential Trust
Series 2020-INV1, Class A1, 1.027%, 11/25/2055 (C)(E)		106,853		104,162
Series 2021-4, Class A1, 1.162%, 08/25/2056 (C)(E)		638,413		560,829
SWCH Commercial Mortgage Trust Series 2025-DATA, Class A (1 month CME Term SOFR + 1.443%) 5.082%, 02/15/2042 (A)(C)		1,577,000		1,564,187
Verus Securitization Trust
Series 2021-1, Class A1, 0.815%, 01/25/2066 (C)(E)		454,084		411,384
Series 2021-3, Class A1, 1.046%, 06/25/2066 (C)(E)		470,426		411,532
Series 2021-4, Class A1, 0.938%, 07/25/2066 (C)(E)		635,142		533,118
Series 2021-5, Class A1, 1.013%, 09/25/2066 (C)(E)		1,656,147		1,413,014
Series 2021-7, Class A1, 2.829%, 10/25/2066 (C)		694,458		619,483
Series 2021-8, Class A1, 2.824%, 11/25/2066 (C)(E)		707,697		634,764
Series 2021-R1, Class A1, 0.820%, 10/25/2063 (C)(E)		119,286		116,379
Series 2021-R3, Class A1, 1.020%, 04/25/2064 (C)(E)		155,501		150,048
Wells Fargo Commercial Mortgage Trust Series 2026-5C10, Class A3 5.789%, 06/15/2059		1,478,000		1,507,729
				20,808,409
U.S. Government Agency – 6.0%
Federal Home Loan Mortgage Corp.
Series 264, Class 30, 3.000%, 07/15/2042		1,126,121		1,008,093
Series 326, Class F2 (30 day Average SOFR + 0.664%), 4.301%, 03/15/2044 (A)		561,176		558,033
Series 3693, Class FC (30 day Average SOFR + 0.614%), 4.251%, 07/15/2040 (A)		358,587		356,377
Series 3919, Class FA (30 day Average SOFR + 0.614%), 4.251%, 09/15/2041 (A)		363,489		361,053
Series 3958, Class AF (30 day Average SOFR + 0.564%), 4.201%, 11/15/2041 (A)		321,758		319,008
Series 3975, Class FA (30 day Average SOFR + 0.604%), 4.241%, 12/15/2041 (A)		295,846		293,968
Series 3990, Class FG (30 day Average SOFR + 0.564%), 4.201%, 01/15/2042 (A)		367,204		364,261
Series 4059, Class FP (30 day Average SOFR + 0.564%), 4.201%, 06/15/2042 (A)		434,302		430,272
Series 4091, Class BX, 3.250%, 10/15/2041		724,463		666,928
Series 4091, Class EX, 3.375%, 07/15/2042		463,360		425,892

		Shares or Principal Amount	Value
ASSET-BACKED SECURITIES (continued)
Ford Credit Auto Owner Trust (continued)
Series 2026-2, Class A (4.860% to 8-15-31, then 9.710% thereafter) 4.860%, 02/15/2039 (C)	$	4,413,000	$	4,395,142
Ford Credit Floorplan Master Owner Trust Series 2026-1, Class A 4.420%, 05/15/2031		1,119,000		1,111,199
GMF Floorplan Owner Revolving Trust Series 2026-2A, Class A 4.770%, 05/16/2033 (C)		3,402,000		3,383,593
Honda Auto Receivables Owner Trust
Series 2026-3, Class A3 4.520%, 02/18/2031		581,000		579,721
Series 2026-3, Class A4 4.620%, 11/18/2032		1,470,000		1,466,365
Hyundai Auto Lease Securitization Trust Series 2026-C, Class A3 4.680%, 07/16/2029 (C)		1,573,000		1,574,533
Hyundai Auto Receivables Trust
Series 2023-A, Class A4 4.480%, 07/17/2028		324,000		324,067
Series 2023-B, Class A3 5.480%, 04/17/2028		127,437		127,746
Navient Private Education Refi Loan Trust
Series 2018-DA, Class A2A 4.000%, 12/15/2059 (C)		175,585		174,715
Series 2019-CA, Class A2 3.130%, 02/15/2068 (C)		114,467		113,721
Series 2019-D, Class A2A 3.010%, 12/15/2059 (C)		749,790		726,344
Series 2019-FA, Class A2 2.600%, 08/15/2068 (C)		363,983		350,896
Series 2020-EA, Class A 1.690%, 05/15/2069 (C)		55,412		51,560
Series 2020-GA, Class A 1.170%, 09/16/2069 (C)		601,005		562,916
Series 2021-BA, Class A 0.940%, 07/15/2069 (C)		200,470		181,907
Series 2021-CA, Class A 1.060%, 10/15/2069 (C)		55,150		49,852
Series 2021-EA, Class A 0.970%, 12/16/2069 (C)		1,508,869		1,341,814
Series 2021-FA, Class A 1.110%, 02/18/2070 (C)		844,037		739,098
Series 2021-GA, Class A 1.580%, 04/15/2070 (C)		248,706		221,648
Series 2022-A, Class A 2.230%, 07/15/2070 (C)		2,222,685		2,014,577
Navient Refinance Loan Trust
Series 2025-C, Class A 4.800%, 10/15/2055 (C)		643,215		637,359
Series 2026-A, Class A 4.500%, 01/18/2056 (C)		2,681,446		2,629,178
Series 2026-B, Class A 5.070%, 06/15/2056 (C)		1,281,273		1,275,970
Navient Student Loan Trust Series 2021-3A, Class A1A 1.770%, 08/25/2070 (C)		944,616		799,439
Nissan Auto Lease Trust Series 2026-B, Class A3 4.690%, 12/17/2029		3,038,000		3,038,760
Robinhood Credit Card Trust Series 2026-1A, Class A 4.800%, 07/21/2031 (C)		1,293,000		1,289,430
Santander Drive Auto Receivables Trust
Series 2025-2, Class A3 4.670%, 08/15/2029		1,241,363		1,242,945

	Shares or Principal Amount	Value
SHORT-TERM INVESTMENTS – 3.2%
Short-term funds – 3.2%
John Hancock Collateral Trust, 3.6571% (F)(G)	622,409	$	6,224,024
State Street Institutional U.S. Government Money Market Fund, Premier Class, 3.6112% (F)	46,782,438		46,782,438
TOTAL SHORT-TERM INVESTMENTS (Cost $53,006,426)		$	53,006,462
Total Investments (Core Bond Fund) (Cost $1,786,361,153) – 103.7%		$	1,749,029,209
Other assets and liabilities, net – (3.7%)			(61,993,298)
TOTAL NET ASSETS – 100.0%		$	1,687,035,911

	Shares or Principal Amount	Value
COMMON STOCKS - 98.3%
Australia - 3.9%
ANZ Group Holdings, Ltd.	429,400	$	11,425,815
APA Group	184,378		1,437,582
Aristocrat Leisure, Ltd.	77,750		3,380,600
ASX, Ltd.	28,183		1,133,488
BHP Group, Ltd.	724,088		34,055,062
Brambles, Ltd.	191,880		2,685,571
carsales.com, Ltd. (A)	50,092		990,828
Cochlear, Ltd. (A)	9,225		883,483
Coles Group, Ltd.	189,207		3,256,525
Commonwealth Bank of Australia	238,421		27,246,781
Computershare, Ltd.	74,725		2,127,512
CSL, Ltd.	69,098		8,463,802
Evolution Mining, Ltd.	286,088		3,047,218
Fortescue, Ltd.	230,657		2,919,749
Goodman Group	285,141		5,654,155
Insurance Australia Group, Ltd.	325,502		1,827,811
Lynas Rare Earths, Ltd. (B)	127,780		1,440,261
Macquarie Group, Ltd.	51,971		9,319,839
Medibank Private, Ltd.	403,660		1,397,005

		Shares or Principal Amount	Value
PREFERRED SECURITIES (continued)
South Korea (continued)
Samsung Electronics Company, Ltd.		116,251	$	15,743,523
				16,889,255
TOTAL PREFERRED SECURITIES (Cost $28,543,447)			$	43,943,973
WARRANTS - 0.0%
BTS Group Holdings PCL (Expiration Date: 11-20-26; Strike Price: THB 14.90) (B)		100,920		30
YTL Corp. BHD (Expiration Date: 6-2-28; Strike Price: MYR 1.50) (B)		88,680		21,586
YTL Power International BHD (Expiration Date: 6-2-28; Strike Price: MYR 2.45) (B)		65,920		54,033
TOTAL WARRANTS (Cost $0)			$	75,649
RIGHTS - 0.0%
Banco Bradesco SA (Expiration Date: 9-4-26; Strike Price: BRL 15.43) (B)		11,153		43
Banco Bradesco SA (Expiration Date: 9-4-26; Strike Price: BRL 17.64) (B)		46,713		90
TOTAL RIGHTS (Cost $0)			$	133
SHORT-TERM INVESTMENTS - 1.0%
U.S. Government - 0.3%
U.S. Treasury Bill
3.617%, 09/22/2026 *	$	10,100,000	$	10,078,509
3.647%, 10/06/2026 *		6,200,000		6,177,742
3.657%, 09/17/2026 *		1,250,000		1,247,978
				17,504,229
Short-term funds - 0.7%
John Hancock Collateral Trust, 3.6571% (E)(F)		3,914,802		39,147,627
TOTAL SHORT-TERM INVESTMENTS (Cost $56,649,243)			$	56,651,856
Total Investments (International Strategic Equity Allocation Fund) (Cost $3,624,386,195) - 100.1%			$	5,445,890,046
Other assets and liabilities, net - (0.1%)				(7,874,184)
TOTAL NET ASSETS - 100.0%			$	5,438,015,862

Currency Abbreviations
BRL	Brazilian Real
MYR	Malaysian Ringgit
THB	Thai Bhat
Security Abbreviations and Legend
ADR	American Depositary Receipt
NVDR	Non-Voting Depositary Receipt
SDR	Swedish Depositary Receipt
(A)	All or a portion of this security is on loan as of 8-31-26.
(B)	Non-income producing security.
(C)	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.
(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)	The rate shown is the annualized seven-day yield as of 8-31-26.
(F)	Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.

Open contracts	Number of contracts	Position	Expiration date	Notional basis^	Notional value^	Unrealized appreciation (depreciation)
Canadian Dollar Currency Futures	48	Long	Sep 2026	$3,392,720	$3,466,320	$73,600
Mini MSCI EAFE Index Futures	150	Long	Sep 2026	23,491,255	24,216,000	724,745
Mini MSCI Emerging Markets Index Futures	176	Long	Sep 2026	14,563,004	15,057,680	494,676
S&P/TSX 60 Index Futures	11	Long	Sep 2026	3,241,022	3,379,011	137,989
						$1,431,010

	Shares or Principal Amount	Value
COMMON STOCKS – 98.1%
Consumer discretionary – 6.7%
Broadline retail – 1.5%
eBay, Inc.	91,725	$	9,499,041
Global-e Online, Ltd. (A)	228,681		8,541,235
			18,040,276
Hotels, restaurants and leisure – 2.0%
Aramark	174,554		9,829,136
Chipotle Mexican Grill, Inc. (A)	259,376		9,864,069
Norwegian Cruise Line Holdings, Ltd. (A)	326,076		5,262,867
			24,956,072
Household durables – 1.0%
Installed Building Products, Inc.	18,925		4,595,558
PulteGroup, Inc.	58,162		7,347,024
			11,942,582
Specialty retail – 1.6%
Advance Auto Parts, Inc.	325,436		13,726,890
Burlington Stores, Inc. (A)	24,665		6,406,980
			20,133,870
Textiles, apparel and luxury goods – 0.6%
Ralph Lauren Corp.	19,969		6,927,246
			82,000,046
Consumer staples – 4.7%
Beverages – 1.1%
Keurig Dr. Pepper, Inc.	431,952		13,761,991
Food products – 2.5%
Lamb Weston Holdings, Inc.	354,982		19,357,168
McCormick & Company, Inc.	202,145		10,960,302
			30,317,470
Household products – 1.1%
Colgate-Palmolive Company	150,162		13,487,551
			57,567,012
Energy – 8.9%
Energy equipment and services – 2.7%
Baker Hughes Company	251,469		15,980,855
TechnipFMC PLC	106,197		8,299,296

	Shares or Principal Amount	Value
SHORT-TERM INVESTMENTS (continued)
Short-term funds (continued)
State Street Institutional U.S. Government Money Market Fund, Premier Class, 3.6112% (D)	2,081,470	$	2,081,470
T. Rowe Price Government Reserve Fund, 3.7112% (D)	21,657,122		21,657,122
TOTAL SHORT-TERM INVESTMENTS (Cost $34,735,436)		$	34,736,587
Total Investments (Mid Value Fund) (Cost $1,010,201,616) – 101.3%		$	1,241,349,394
Other assets and liabilities, net – (1.3%)			(16,396,373)
TOTAL NET ASSETS – 100.0%		$	1,224,953,021

Security Abbreviations and Legend
PIK	Pay-in-Kind Security - Represents a payment-in-kind which may pay interest in additional par and/or cash. Rates shown are the current rate and most recent payment rate.
(A)	Non-income producing security.
(B)	All or a portion of this security is on loan as of 8-31-26.
(C)	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.
(D)	The rate shown is the annualized seven-day yield as of 8-31-26.
(E)	Investment is an affiliate of the fund, the advisor and/or subadvisor. This security represents the investment of cash collateral received for securities lending.

	Shares or Principal Amount	Value
COMMON STOCKS – 96.8%
Communication services – 9.1%
Diversified telecommunication services – 0.7%
AT&T, Inc.	509,412	$	13,188,677
Comcast Corp., Class A	261,331		6,956,631
Verizon Communications, Inc.	306,168		15,314,523
			35,459,831
Entertainment – 1.0%
Live Nation Entertainment, Inc. (A)	11,611		2,088,703
Netflix, Inc. (A)	308,768		25,025,646
Take-Two Interactive Software, Inc. (A)	12,768		2,805,130
The Walt Disney Company	127,337		13,695,094
TKO Group Holdings, Inc.	4,620		843,658
Warner Brothers Discovery, Inc. (A)	181,721		5,184,500
			49,642,731
Interactive media and services – 7.0%
Alphabet, Inc., Class A	429,978		145,913,034
Alphabet, Inc., Class C	346,586		116,248,410
Meta Platforms, Inc., Class A	161,040		92,169,634
Reddit, Inc., Class A (A)	10,092		1,491,699
			355,822,777
Media – 0.3%
AppLovin Corp., Class A (A)	19,678		6,140,717
Charter Communications, Inc., Class A (A)	6,148		937,201
EchoStar Corp., Class A (A)	9,983		862,931
Fox Corp., Class A	14,659		987,284
Fox Corp., Class B	10,172		612,558
News Corp., Class A	26,842		824,318
News Corp., Class B	8,815		303,324
Omnicom Group, Inc.	20,930		1,832,003
Paramount Skydance Corp., Class B (B)	22,984		250,755

	Shares or Principal Amount	Value
SHORT-TERM INVESTMENTS – 2.9%
Short-term funds – 2.9%
John Hancock Collateral Trust, 3.6571% (D)(E)	14,806,745	$	148,065,971
TOTAL SHORT-TERM INVESTMENTS (Cost $148,048,308)		$	148,065,971
Total Investments (U.S. Sector Rotation Fund) (Cost $2,872,185,141) – 99.7%		$	5,062,961,800
Other assets and liabilities, net – 0.3%			13,260,403
TOTAL NET ASSETS – 100.0%		$	5,076,222,203

Assets	Capital Appreciation Value Fund	Core Bond Fund	International Strategic Equity Allocation Fund	Mid Value Fund
Unaffiliated investments, at value (including securities loaned)	$1,336,625,286	$1,742,805,185	$5,406,742,419	$1,230,351,399
Affiliated investments, at value	15,053,232	6,224,024	39,147,627	10,997,995
Total investments, at value	1,351,678,518	1,749,029,209	5,445,890,046	1,241,349,394
Cash	3,132	—	525,321	—
Foreign currency, at value	3,109,974	—	25,743,094	63,706
Collateral held at broker for futures contracts	—	—	5,066,000	—
Dividends and interest receivable	4,535,378	10,877,416	17,800,538	1,756,129
Receivable for fund shares sold	17,969	16,418	—	143,499
Receivable for investments sold	798,565	45,494,665	23,337,635	1,592,586
Receivable for delayed-delivery securities sold	—	37,250,799	—	—
Receivable for securities lending income	27,501	8,993	67,958	27,569
Other assets	50,865	70,479	191,026	55,605
Total assets	1,360,221,902	1,842,747,979	5,518,621,618	1,244,988,488
Liabilities
Written options, at value	5,673,316	—	—	—
Payable for futures variation margin	—	—	328,927	—
Due to custodian	—	2,023,990	—	—
Foreign capital gains tax payable	—	—	4,244,212	—
Payable for investments purchased	1,327,520	57,858,032	33,862,560	8,839,981
Payable for delayed-delivery securities purchased	—	88,828,706	—	—
Payable for fund shares repurchased	2,687,943	514,497	1,833,373	5
Payable upon return of securities loaned	15,052,450	6,225,138	39,160,883	11,000,364
Payable to affiliates
Accounting and legal services fees	61,373	76,376	244,733	58,593
Trustees' fees	560	715	2,227	536
Other liabilities and accrued expenses	131,556	184,614	928,841	135,988
Total liabilities	24,934,718	155,712,068	80,605,756	20,035,467
Net assets	$1,335,287,184	$1,687,035,911	$5,438,015,862	$1,224,953,021
Net assets consist of
Paid-in capital	$1,109,340,195	$1,988,331,848	$3,702,738,410	$742,611,393
Total distributable earnings (loss)	225,946,989	(301,295,937)	1,735,277,452	482,341,628
Net assets	$1,335,287,184	$1,687,035,911	$5,438,015,862	$1,224,953,021
Unaffiliated investments, including repurchase agreements, at cost	$1,184,999,473	$1,780,137,165	$3,585,241,465	$999,204,772
Affiliated investments, at cost	$15,052,367	$6,223,988	$39,144,730	$10,996,844
Foreign currency, at cost	$3,040,276	—	$25,621,156	$62,559
Premiums received on written options	$3,787,359	—	—	—
Securities loaned, at value	$14,745,804	$39,027,208	$54,209,135	$10,766,115
Net asset value per share
The funds 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 NAV
Net assets	$1,335,287,184	$1,687,035,911	$5,438,015,862	$1,224,953,021
Shares outstanding	142,652,833	156,364,811	375,481,333	70,638,819
Net asset value, offering price and redemption price per share	$9.36	$10.79	$14.48	$17.34

Investment income	Capital Appreciation Value Fund	Core Bond Fund	International Strategic Equity Allocation Fund	Mid Value Fund
Dividends	$9,054,514	$1,707,931	$127,513,064	$21,040,899
Tax reclaims	—	—	2,076,578	—
Interest	20,962,750	76,879,393	6,319,678	81,962
Securities lending	58,376	94,067	974,523	340,325
Other income	—	4,029	—	—
Less foreign taxes withheld	(100,909)	(183)	(12,165,101)	(123,325)
Total investment income	29,974,731	78,685,237	124,718,742	21,339,861
Expenses
Investment management fees	10,172,247	9,745,751	31,399,117	11,293,369
Distribution and service fees	—	8,080	—	—
Accounting and legal services fees	212,463	291,680	861,492	226,320
Trustees' fees	26,980	38,971	108,142	30,519
Custodian fees	139,807	189,414	1,873,881	147,599
Printing and postage	18,043	21,680	34,251	18,780
Professional fees	99,971	128,571	280,462	94,866
Other	47,597	65,768	256,648	49,773
Total expenses	10,717,108	10,489,915	34,813,993	11,861,226
Less expense reductions	(667,436)	(157,208)	(7,038,904)	(761,614)
Net expenses	10,049,672	10,332,707	27,775,089	11,099,612
Net investment income	19,925,059	68,352,530	96,943,653	10,240,249
Realized and unrealized gain (loss)
Net realized gain (loss) on
Unaffiliated investments and foreign currency transactions	113,186,092	(11,731,750)	62,805,787	299,376,056
Affiliated investments	(49)	407	(25,541)	(2,395)
Futures contracts	—	—	54,083,486	—
Written options	1,938,945	—	—	—
	115,124,988	(11,731,343)	116,863,732	299,373,661
Change in net unrealized appreciation (depreciation) of
Unaffiliated investments and translation of assets and liabilities in foreign currencies	7,800,780	(30,286,261)	953,314,274	(42,724,592)
Affiliated investments	761	14	(36)	(302)
Futures contracts	—	—	(6,618,911)	—
Written options	(1,501,384)	—	—	—
	6,300,157	(30,286,247)	946,695,327	(42,724,894)
Net realized and unrealized gain (loss)	121,425,145	(42,017,590)	1,063,559,059	256,648,767
Increase in net assets from operations	$141,350,204	$26,334,940	$1,160,502,712	$266,889,016

	Mid Value Fund		U.S. Sector Rotation Fund
	Year ended 8-31-26	Year ended 8-31-25	Year ended 8-31-26	Year ended 8-31-25
Increase (decrease) in net assets
From operations
Net investment income	$10,240,249	$19,022,959	$35,821,287	$41,684,460
Net realized gain	299,373,661	98,225,615	113,715,920	265,061,582
Change in net unrealized appreciation (depreciation)	(42,724,894)	(47,990,008)	767,764,770	364,943,965
Increase in net assets resulting from operations	266,889,016	69,258,566	917,301,977	671,690,007
Distributions to shareholders
From earnings
Class NAV	(129,041,428)	(259,291,213)	(291,889,935)	(136,231,115)
Total distributions	(129,041,428)	(259,291,213)	(291,889,935)	(136,231,115)
From fund share transactions
From fund share transactions	(239,444,382)	20,794,032	(458,307,966)	(169,201,629)
Total increase (decrease)	(101,596,794)	(169,238,615)	167,104,076	366,257,263
Net assets
Beginning of year	1,326,549,815	1,495,788,430	4,909,118,127	4,542,860,864
End of year	$1,224,953,021	$1,326,549,815	$5,076,222,203	$4,909,118,127

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	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 (%)²	Expenses before reductions (%)	Expenses including reductions (%)	Net investment income (loss) (%)	Net assets, end of period (in millions)	Portfolio turnover (%)
Capital Appreciation Value Fund
Class NAV
08-31-2026	9.84	0.15	0.74	0.89	(0.18)	(1.19)	(1.37)	9.36	10.24	0.87	0.82	1.62	1,335	144
08-31-2025	10.16	0.18	0.81	0.99	(0.23)	(1.08)	(1.31)	9.84	10.86	0.88	0.83	1.88	1,138	117
08-31-2024	9.10	0.21	1.22	1.43	(0.21)	(0.16)	(0.37)	10.16	16.22	0.88	0.83	2.24	1,167	74
08-31-2023	9.36	0.19	0.72	0.91	(0.14)	(1.03)	(1.17)	9.10	11.38	0.88	0.84	2.14	1,160	88
08-31-2022	12.56	0.11	(0.84)	(0.73)	(0.13)	(2.34)	(2.47)	9.36	(7.56)	0.87	0.82	1.01	1,253	73
1. Based on average daily shares outstanding. 2. Total returns would have been lower had certain expenses not been reduced during the applicable periods.
Core Bond Fund
Class NAV
08-31-2026	11.07	0.45	(0.28)	0.17	(0.45)	—	(0.45)	10.79	1.55	0.62	0.61	4.09	1,687	277
08-31-2025	11.19	0.45	(0.11)	0.34	(0.46)	—	(0.46)	11.07	3.19	0.62	0.61	4.13	1,669	240
08-31-2024	10.86	0.44	0.34	0.78	(0.45)	—	(0.45)	11.19	7.36	0.62	0.61	4.11	1,691	237
08-31-2023	11.33	0.36	(0.47)	(0.11)	(0.36)	—	(0.36)	10.86	(0.97)	0.63	0.62	3.26	1,679	238
08-31-2022	13.17	0.17	(1.77)	(1.60)	(0.24)	—	(0.24)	11.33	(12.30)	0.62	0.61	1.41	1,478	262
1. Based on average daily shares outstanding. 2. Total returns would have been lower had certain expenses not been reduced during the applicable periods.
International Strategic Equity Allocation Fund
Class NAV
08-31-2026	11.75	0.26	2.83	3.09	(0.36)	—	(0.36)	14.48	26.73	0.70	0.56	1.95	5,438	29
08-31-2025	10.53	0.24	1.28	1.52	(0.30)	—	(0.30)	11.75	15.11	0.70	0.56	2.30	4,446	37
08-31-2024	9.27	0.23	1.34	1.57	(0.31)	—	(0.31)	10.53	17.32	0.71	0.56	2.38	3,720	35
08-31-2023	8.54	0.24	0.69	0.93	(0.20)	—	(0.20)	9.27	11.14	0.70	0.56	2.71	3,402	33³
08-31-2022	11.48	0.31	(2.64)	(2.33)	(0.29)	(0.32)	(0.61)	8.54	(21.25)	0.70	0.56	3.19	3,962	78³
1. Based on average daily shares outstanding. 2. Total returns would have been lower had certain expenses not been reduced during the applicable periods. 3. Excludes in-kind transactions.
Mid Value Fund
Class NAV
08-31-2026	15.77	0.13	3.04	3.17	(0.22)	(1.38)	(1.60)	17.34	22.00	0.91	0.85	0.78	1,225	48
08-31-2025	18.41	0.22	0.54	0.76	(0.23)	(3.17)	(3.40)	15.77	4.79	0.91	0.86	1.39	1,327	56
08-31-2024	16.42	0.19	3.41	3.60	(0.21)	(1.40)	(1.61)	18.41	23.46	0.92	0.87	1.11	1,496	46
08-31-2023	17.35	0.19	1.83	2.02	(0.10)	(2.85)	(2.95)	16.42	13.82	0.92	0.87	1.18	1,438	55
08-31-2022	19.15	0.14	(0.35)	(0.21)	(0.15)	(1.44)	(1.59)	17.35	(1.38)	0.95	0.90	0.76	1,377	36
1. Based on average daily shares outstanding. 2. Total returns would have been lower had certain expenses not been reduced during the applicable periods.
U.S. Sector Rotation Fund
Class NAV
08-31-2026	13.43	0.10	2.45	2.55	(0.11)	(0.69)	(0.80)	15.18	19.75	0.67	0.53	0.70	5,076	18
08-31-2025	11.99	0.11	1.69	1.80	(0.12)	(0.24)	(0.36)	13.43	15.32	0.67	0.53	0.87	4,909	34
08-31-2024	9.60	0.11	2.41	2.52	(0.13)	—	(0.13)	11.99	26.51	0.67	0.53	1.07	4,543	40
08-31-2023	8.56	0.11	1.16	1.27	(0.09)	(0.14)	(0.23)	9.60	15.27	0.68	0.54	1.26	3,185	68³
08-31-2022	12.62	0.10	(1.22)	(1.12)	(0.11)	(2.83)	(2.94)	8.56	(12.17)	0.66	0.52	1.05	4,411	118³
1. Based on average daily shares outstanding. 2. Total returns would have been lower had certain expenses not been reduced during the applicable periods. 3. Excludes in-kind transactions.