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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 Lifetime Blend Portfolios

\n
John Hancock 2070 Lifetime Blend Portfolio
\n
John Hancock 2065 Lifetime Blend Portfolio
\n
John Hancock 2060 Lifetime Blend Portfolio
\n
John Hancock 2055 Lifetime Blend Portfolio
\n
John Hancock 2050 Lifetime Blend Portfolio
\n
John Hancock 2045 Lifetime Blend Portfolio
\n
John Hancock 2040 Lifetime Blend Portfolio
\n
John Hancock 2035 Lifetime Blend Portfolio
\n
John Hancock 2030 Lifetime Blend Portfolio
\n
John Hancock 2025 Lifetime Blend Portfolio
\n
John Hancock 2020 Lifetime Blend Portfolio
\n
John Hancock 2015 Lifetime Blend Portfolio
\n
John Hancock 2010 Lifetime Blend Portfolio

John Hancock Lifestyle Blend Portfolios

\n
John Hancock Lifestyle Blend Aggressive Portfolio
\n
John Hancock Lifestyle Blend Growth Portfolio
\n
John Hancock Lifestyle Blend Balanced Portfolio
\n
John Hancock Lifestyle Blend Moderate Portfolio
\n
John Hancock Lifestyle Blend Conservative Portfolio

$\"Manulife$

John Hancock 2070 Lifetime Blend Portfolio

Class 1/JHOBX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock 2070 Lifetime Blend Portfolio (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)

\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund (Class)	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
2070 Lifetime Blend Portfolio (Class 1/JHOBX)	$6	0.05%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

2070 Lifetime Blend Portfolio (Class 1/JHOBX) returned 21.36% for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

Bond funds | The fixed-income allocation contributed positively, led by intermediate-term bonds and emerging markets debt. Holdings in high yield bonds aided returns as well.

TOP PERFORMANCE DETRACTORS

Specific positions | At a time of positive returns for most segments of the financial markets, the majority of the fund’s holdings recorded a gain. However, a small position in U.S. Treasury STRIPS (Separate Trading of Registered Interest and Principal of Securities) was adversely affected by rising yields.

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

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	Since inception
2070 Lifetime Blend Portfolio (Class 1/JHOBX)	21.36%	28.09%
S&P 500 Index	20.38%	29.87%
S&P Target Date 2065+ Index	20.62%	27.57%
John Hancock 2070 Lifetime Index	22.43%	29.86%

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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$9,934,815
Total number of portfolio holdings	15
Total advisory fees paid (net)	$0
Portfolio turnover rate	68%

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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	61.8%
Equity	57.4%
Fixed income	4.4%
Unaffiliated investment companies	37.8%
Equity	37.8%
U.S. Government and Agency obligations	0.3%
U.S. Government	0.3%
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

$\"Underlying$

At jhinvestments.com/underlying-funds, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889430

494A-1

8/26

10/26

John Hancock 2070 Lifetime Blend Portfolio

$\"Manulife$

John Hancock 2070 Lifetime Blend Portfolio

Class A/JHOAX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock 2070 Lifetime Blend Portfolio (the fund) for the period of September 1, 2025 to August 31, 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 year ?

(Based on a hypothetical $10,000 investment)

\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund (Class)	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
2070 Lifetime Blend Portfolio (Class A/JHOAX)	$45	0.41%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

2070 Lifetime Blend Portfolio (Class A/JHOAX) returned 20.91% (excluding sales charges) for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

Bond funds | The fixed-income allocation contributed positively, led by intermediate-term bonds and emerging markets debt. Holdings in high yield bonds aided returns as well.

TOP PERFORMANCE 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

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	Since inception
2070 Lifetime Blend Portfolio (Class A/JHOAX)	14.83%	22.88%
2070 Lifetime Blend Portfolio (Class A/JHOAX)—excluding sales charge	20.91%	27.66%
S&P 500 Index	20.38%	29.87%
S&P Target Date 2065+ Index	20.62%	27.57%
John Hancock 2070 Lifetime Index	22.43%	29.86%

Performance figures assume all distributions have been reinvested and reflect the beneficial effect of any expense reductions. Figures reflect maximum sales charge on Class A shares of 5.00%. 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 and can be found at jhinvestments.com/investments or by calling 800-225-5291. 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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$9,934,815
Total number of portfolio holdings	15
Total advisory fees paid (net)	$0
Portfolio turnover rate	68%

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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	61.8%
Equity	57.4%
Fixed income	4.4%
Unaffiliated investment companies	37.8%
Equity	37.8%
U.S. Government and Agency obligations	0.3%
U.S. Government	0.3%
Short-term investments and other	0.1%

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

$\"TSR$

At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889430

494A-A

8/26

10/26

John Hancock 2070 Lifetime Blend Portfolio

$\"Manulife$

John Hancock 2070 Lifetime Blend Portfolio

Class R6/JHODX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock 2070 Lifetime Blend Portfolio (the fund) for the period of September 1, 2025 to August 31, 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 year ?

(Based on a hypothetical $10,000 investment)

\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund (Class)	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
2070 Lifetime Blend Portfolio (Class R6/JHODX)	$1	0.01%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

2070 Lifetime Blend Portfolio (Class R6/JHODX) returned 21.48% for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

Bond funds | The fixed-income allocation contributed positively, led by intermediate-term bonds and emerging markets debt. Holdings in high yield bonds aided returns as well.

TOP PERFORMANCE 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

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 $1,000,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

GROWTH OF $1,000,000

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	Since inception
2070 Lifetime Blend Portfolio (Class R6/JHODX)	21.48%	28.19%
S&P 500 Index	20.38%	29.87%
S&P Target Date 2065+ Index	20.62%	27.57%
John Hancock 2070 Lifetime Index	22.43%	29.86%

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 and can be found at jhinvestments.com/investments or by calling 800-225-5291. 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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$9,934,815
Total number of portfolio holdings	15
Total advisory fees paid (net)	$0
Portfolio turnover rate	68%

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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	61.8%
Equity	57.4%
Fixed income	4.4%
Unaffiliated investment companies	37.8%
Equity	37.8%
U.S. Government and Agency obligations	0.3%
U.S. Government	0.3%
Short-term investments and other	0.1%

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

$\"TSR$

At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889430

494A-R6

8/26

10/26

John Hancock 2070 Lifetime Blend Portfolio

$\"Manulife$

John Hancock 2065 Lifetime Blend Portfolio

Class 1/JAAFX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock 2065 Lifetime Blend Portfolio (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)

\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund (Class)	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
2065 Lifetime Blend Portfolio (Class 1/JAAFX)	$6	0.05%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

2065 Lifetime Blend Portfolio (Class 1/JAAFX) returned 21.23% for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

Bond funds | The fixed-income allocation contributed positively, led by intermediate-term bonds and emerging markets debt. Holdings in high yield bonds aided returns as well.

TOP PERFORMANCE 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

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	Since inception
2065 Lifetime Blend Portfolio (Class 1/JAAFX)	21.23%	9.46%	13.70%
S&P 500 Index	20.38%	12.79%	16.88%
S&P Target Date 2060+ Index	20.42%	9.93%	13.65%
John Hancock 2065 Lifetime Index	22.43%	9.89%	13.83%

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$194,442,485
Total number of portfolio holdings	20
Total advisory fees paid (net)	$0
Portfolio turnover rate	9%

Graphical Representation of Holdings

The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.

Asset Allocation

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	61.7%
Equity	57.4%
Fixed income	4.3%
Unaffiliated investment companies	37.9%
Equity	37.9%
U.S. Government and Agency obligations	0.4%
U.S. Government	0.4%

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

$\"Underlying$

At jhinvestments.com/underlying-funds, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889430

478A-1

8/26

10/26

John Hancock 2065 Lifetime Blend Portfolio

$\"Manulife$

John Hancock 2065 Lifetime Blend Portfolio

Class A/JHBLX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock 2065 Lifetime Blend Portfolio (the fund) for the period of September 1, 2025 to August 31, 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 year ?

(Based on a hypothetical $10,000 investment)

\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund (Class)	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
2065 Lifetime Blend Portfolio (Class A/JHBLX)	$45	0.41%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

2065 Lifetime Blend Portfolio (Class A/JHBLX) returned 20.85% (excluding sales charges) for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

Bond funds | The fixed-income allocation contributed positively, led by intermediate-term bonds and emerging markets debt. Holdings in high yield bonds aided returns as well.

TOP PERFORMANCE 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

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	Since inception
2065 Lifetime Blend Portfolio (Class A/JHBLX)	14.79%	7.95%	12.36%
2065 Lifetime Blend Portfolio (Class A/JHBLX)—excluding sales charge	20.85%	9.06%	13.34%
S&P 500 Index	20.38%	12.79%	16.88%
S&P Target Date 2060+ Index	20.42%	9.93%	13.65%
John Hancock 2065 Lifetime Index	22.43%	9.89%	13.83%

\n\n\n\n\n\n\n\n\n\n\n


\n\n	\n Class A shares were first offered on 6-21-21. Returns prior to this date are those of Class 1 shares and have not been adjusted for class-specific expenses; otherwise, returns would vary. \n

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$194,442,485
Total number of portfolio holdings	20
Total advisory fees paid (net)	$0
Portfolio turnover rate	9%

Graphical Representation of Holdings

The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.

Asset Allocation

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	61.7%
Equity	57.4%
Fixed income	4.3%
Unaffiliated investment companies	37.9%
Equity	37.9%
U.S. Government and Agency obligations	0.4%
U.S. Government	0.4%

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

$\"TSR$

At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889430

478A-A

8/26

10/26

John Hancock 2065 Lifetime Blend Portfolio

$\"Manulife$

John Hancock 2065 Lifetime Blend Portfolio

Class R6/JAAKX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock 2065 Lifetime Blend Portfolio (the fund) for the period of September 1, 2025 to August 31, 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 year ?

(Based on a hypothetical $10,000 investment)

\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund (Class)	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
2065 Lifetime Blend Portfolio (Class R6/JAAKX)	$1	0.01%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

2065 Lifetime Blend Portfolio (Class R6/JAAKX) returned 21.29% for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

Bond funds | The fixed-income allocation contributed positively, led by intermediate-term bonds and emerging markets debt. Holdings in high yield bonds aided returns as well.

TOP PERFORMANCE 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

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 $1,000,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

GROWTH OF $1,000,000

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	Since inception
2065 Lifetime Blend Portfolio (Class R6/JAAKX)	21.29%	9.50%	13.73%
S&P 500 Index	20.38%	12.79%	16.88%
S&P Target Date 2060+ Index	20.42%	9.93%	13.65%
John Hancock 2065 Lifetime Index	22.43%	9.89%	13.83%

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$194,442,485
Total number of portfolio holdings	20
Total advisory fees paid (net)	$0
Portfolio turnover rate	9%

Graphical Representation of Holdings

The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.

Asset Allocation

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	61.7%
Equity	57.4%
Fixed income	4.3%
Unaffiliated investment companies	37.9%
Equity	37.9%
U.S. Government and Agency obligations	0.4%
U.S. Government	0.4%

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

$\"TSR$

At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889430

478A-R6

8/26

10/26

John Hancock 2065 Lifetime Blend Portfolio

$\"Manulife$

John Hancock 2060 Lifetime Blend Portfolio

Class 1/JRODX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock 2060 Lifetime Blend Portfolio (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)

\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund (Class)	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
2060 Lifetime Blend Portfolio (Class 1/JRODX)	$6	0.05%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

2060 Lifetime Blend Portfolio (Class 1/JRODX) returned 21.27% for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

Bond funds | The fixed-income allocation contributed positively, led by intermediate-term bonds and emerging markets debt. Holdings in high yield bonds aided returns as well.

TOP PERFORMANCE 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

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
2060 Lifetime Blend Portfolio (Class 1/JRODX)	21.27%	9.46%	11.55%
S&P 500 Index	20.38%	12.79%	15.37%
S&P Target Date 2060+ Index	20.42%	9.93%	11.64%
John Hancock 2060 Lifetime Index	22.43%	9.89%	12.34%

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$448,764,308
Total number of portfolio holdings	20
Total advisory fees paid (net)	$0
Portfolio turnover rate	11%

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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	61.7%
Equity	57.4%
Fixed income	4.3%
Unaffiliated investment companies	37.9%
Equity	37.9%
U.S. Government and Agency obligations	0.4%
U.S. Government	0.4%

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

$\"Underlying$

At jhinvestments.com/underlying-funds, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889430

464A-1

8/26

10/26

John Hancock 2060 Lifetime Blend Portfolio

$\"Manulife$

John Hancock 2060 Lifetime Blend Portfolio

Class A/JHBKX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock 2060 Lifetime Blend Portfolio (the fund) for the period of September 1, 2025 to August 31, 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 year ?

(Based on a hypothetical $10,000 investment)

\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund (Class)	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
2060 Lifetime Blend Portfolio (Class A/JHBKX)	$45	0.41%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

2060 Lifetime Blend Portfolio (Class A/JHBKX) returned 20.84% (excluding sales charges) for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

Bond funds | The fixed-income allocation contributed positively, led by intermediate-term bonds and emerging markets debt. Holdings in high yield bonds aided returns as well.

TOP PERFORMANCE 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

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
2060 Lifetime Blend Portfolio (Class A/JHBKX)	14.77%	7.94%	10.77%
2060 Lifetime Blend Portfolio (Class A/JHBKX)—excluding sales charge	20.84%	9.06%	11.34%
S&P 500 Index	20.38%	12.79%	15.37%
S&P Target Date 2060+ Index	20.42%	9.93%	11.64%
John Hancock 2060 Lifetime Index	22.43%	9.89%	12.34%

\n\n\n\n\n\n\n\n\n\n\n


\n\n	\n Class A shares were first offered on 6-21-21. Returns prior to this date are those of Class 1 shares and have not been adjusted for class-specific expenses; otherwise, returns would vary. \n

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$448,764,308
Total number of portfolio holdings	20
Total advisory fees paid (net)	$0
Portfolio turnover rate	11%

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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	61.7%
Equity	57.4%
Fixed income	4.3%
Unaffiliated investment companies	37.9%
Equity	37.9%
U.S. Government and Agency obligations	0.4%
U.S. Government	0.4%

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

$\"TSR$

At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889430

464A-A

8/26

10/26

John Hancock 2060 Lifetime Blend Portfolio

$\"Manulife$

John Hancock 2060 Lifetime Blend Portfolio

Class R4/JHIKX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock 2060 Lifetime Blend Portfolio (the fund) for the period of September 1, 2025 to August 31, 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 year ?

(Based on a hypothetical $10,000 investment)

\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund (Class)	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
2060 Lifetime Blend Portfolio (Class R4/JHIKX)	$29	0.26%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

2060 Lifetime Blend Portfolio (Class R4/JHIKX) returned 20.94% for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

Bond funds | The fixed-income allocation contributed positively, led by intermediate-term bonds and emerging markets debt. Holdings in high yield bonds aided returns as well.

TOP PERFORMANCE 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

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
2060 Lifetime Blend Portfolio (Class R4/JHIKX)	20.94%	9.22%	11.37%
S&P 500 Index	20.38%	12.79%	15.37%
S&P Target Date 2060+ Index	20.42%	9.93%	11.64%
John Hancock 2060 Lifetime Index	22.43%	9.89%	12.34%

\n\n\n\n\n\n\n\n\n\n\n


\n\n	\n Class R4 shares were first offered on 4-6-17. Returns prior to this date are those of Class 1 shares and have not been adjusted for class-specific expenses; otherwise, returns would vary. \n

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$448,764,308
Total number of portfolio holdings	20
Total advisory fees paid (net)	$0
Portfolio turnover rate	11%

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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	61.7%
Equity	57.4%
Fixed income	4.3%
Unaffiliated investment companies	37.9%
Equity	37.9%
U.S. Government and Agency obligations	0.4%
U.S. Government	0.4%

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

$\"TSR$

At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889430

464A-R4

8/26

10/26

John Hancock 2060 Lifetime Blend Portfolio

$\"Manulife$

John Hancock 2060 Lifetime Blend Portfolio

Class R6/JIEHX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock 2060 Lifetime Blend Portfolio (the fund) for the period of September 1, 2025 to August 31, 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 year ?

(Based on a hypothetical $10,000 investment)

\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund (Class)	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
2060 Lifetime Blend Portfolio (Class R6/JIEHX)	$0	0.00%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

2060 Lifetime Blend Portfolio (Class R6/JIEHX) returned 21.25% for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

Bond funds | The fixed-income allocation contributed positively, led by intermediate-term bonds and emerging markets debt. Holdings in high yield bonds aided returns as well.

TOP PERFORMANCE 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

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 $1,000,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

GROWTH OF $1,000,000

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
2060 Lifetime Blend Portfolio (Class R6/JIEHX)	21.25%	9.49%	11.60%
S&P 500 Index	20.38%	12.79%	15.37%
S&P Target Date 2060+ Index	20.42%	9.93%	11.64%
John Hancock 2060 Lifetime Index	22.43%	9.89%	12.34%

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$448,764,308
Total number of portfolio holdings	20
Total advisory fees paid (net)	$0
Portfolio turnover rate	11%

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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	61.7%
Equity	57.4%
Fixed income	4.3%
Unaffiliated investment companies	37.9%
Equity	37.9%
U.S. Government and Agency obligations	0.4%
U.S. Government	0.4%

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

$\"TSR$

At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889430

464A-R6

8/26

10/26

John Hancock 2060 Lifetime Blend Portfolio

$\"Manulife$

John Hancock 2055 Lifetime Blend Portfolio

Class 1/JLKZX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock 2055 Lifetime Blend Portfolio (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)

\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund (Class)	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
2055 Lifetime Blend Portfolio (Class 1/JLKZX)	$6	0.05%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

2055 Lifetime Blend Portfolio (Class 1/JLKZX) returned 21.24% for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

Bond funds | The fixed-income allocation contributed positively, led by intermediate-term bonds and emerging markets debt. Holdings in high yield bonds aided returns as well.

TOP PERFORMANCE 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

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
2055 Lifetime Blend Portfolio (Class 1/JLKZX)	21.24%	9.45%	11.54%
S&P 500 Index	20.38%	12.79%	15.37%
S&P Target Date 2055 Index	20.42%	9.92%	11.57%
John Hancock 2055 Lifetime Index	22.43%	9.89%	12.34%

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$702,914,370
Total number of portfolio holdings	20
Total advisory fees paid (net)	$0
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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	61.7%
Equity	57.4%
Fixed income	4.3%
Unaffiliated investment companies	37.9%
Equity	37.9%
U.S. Government and Agency obligations	0.4%
U.S. Government	0.4%

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

$\"Underlying$

At jhinvestments.com/underlying-funds, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889430

450A-1

8/26

10/26

John Hancock 2055 Lifetime Blend Portfolio

$\"Manulife$

John Hancock 2055 Lifetime Blend Portfolio

Class A/JHBJX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock 2055 Lifetime Blend Portfolio (the fund) for the period of September 1, 2025 to August 31, 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 year ?

(Based on a hypothetical $10,000 investment)

\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund (Class)	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
2055 Lifetime Blend Portfolio (Class A/JHBJX)	$45	0.41%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

2055 Lifetime Blend Portfolio (Class A/JHBJX) returned 20.85% (excluding sales charges) for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

Bond funds | The fixed-income allocation contributed positively, led by intermediate-term bonds and emerging markets debt. Holdings in high yield bonds aided returns as well.

TOP PERFORMANCE 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

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
2055 Lifetime Blend Portfolio (Class A/JHBJX)	14.84%	7.95%	10.77%
2055 Lifetime Blend Portfolio (Class A/JHBJX)—excluding sales charge	20.85%	9.06%	11.34%
S&P 500 Index	20.38%	12.79%	15.37%
S&P Target Date 2055 Index	20.42%	9.92%	11.57%
John Hancock 2055 Lifetime Index	22.43%	9.89%	12.34%

\n\n\n\n\n\n\n\n\n\n\n


\n\n	\n Class A shares were first offered on 6-21-21. Returns prior to this date are those of Class 1 shares and have not been adjusted for class-specific expenses; otherwise, returns would vary. \n

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$702,914,370
Total number of portfolio holdings	20
Total advisory fees paid (net)	$0
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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	61.7%
Equity	57.4%
Fixed income	4.3%
Unaffiliated investment companies	37.9%
Equity	37.9%
U.S. Government and Agency obligations	0.4%
U.S. Government	0.4%

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

$\"TSR$

At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889430

450A-A

8/26

10/26

John Hancock 2055 Lifetime Blend Portfolio

$\"Manulife$

John Hancock 2055 Lifetime Blend Portfolio

Class R4/JLKWX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock 2055 Lifetime Blend Portfolio (the fund) for the period of September 1, 2025 to August 31, 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 year ?

(Based on a hypothetical $10,000 investment)

\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund (Class)	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
2055 Lifetime Blend Portfolio (Class R4/JLKWX)	$28	0.25%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

2055 Lifetime Blend Portfolio (Class R4/JLKWX) returned 21.00% for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

Bond funds | The fixed-income allocation contributed positively, led by intermediate-term bonds and emerging markets debt. Holdings in high yield bonds aided returns as well.

TOP PERFORMANCE 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

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
2055 Lifetime Blend Portfolio (Class R4/JLKWX)	21.00%	9.22%	11.35%
S&P 500 Index	20.38%	12.79%	15.37%
S&P Target Date 2055 Index	20.42%	9.92%	11.57%
John Hancock 2055 Lifetime Index	22.43%	9.89%	12.34%

\n\n\n\n\n\n\n\n\n\n\n


\n\n	\n Class R4 shares ceased operations between 6-17-16 and 4-6-17. Returns while Class R4 shares were not offered are those of Class 1 shares and have not been adjusted for class-specific expenses; otherwise, returns would vary. \n

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$702,914,370
Total number of portfolio holdings	20
Total advisory fees paid (net)	$0
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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	61.7%
Equity	57.4%
Fixed income	4.3%
Unaffiliated investment companies	37.9%
Equity	37.9%
U.S. Government and Agency obligations	0.4%
U.S. Government	0.4%

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

$\"TSR$

At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889430

450A-R4

8/26

10/26

John Hancock 2055 Lifetime Blend Portfolio

$\"Manulife$

John Hancock 2055 Lifetime Blend Portfolio

Class R6/JLKYX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock 2055 Lifetime Blend Portfolio (the fund) for the period of September 1, 2025 to August 31, 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 year ?

(Based on a hypothetical $10,000 investment)

\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund (Class)	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
2055 Lifetime Blend Portfolio (Class R6/JLKYX)	$0	0.00%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

2055 Lifetime Blend Portfolio (Class R6/JLKYX) returned 21.30% for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

Bond funds | The fixed-income allocation contributed positively, led by intermediate-term bonds and emerging markets debt. Holdings in high yield bonds aided returns as well.

TOP PERFORMANCE 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

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 $1,000,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

GROWTH OF $1,000,000

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
2055 Lifetime Blend Portfolio (Class R6/JLKYX)	21.30%	9.50%	11.59%
S&P 500 Index	20.38%	12.79%	15.37%
S&P Target Date 2055 Index	20.42%	9.92%	11.57%
John Hancock 2055 Lifetime Index	22.43%	9.89%	12.34%

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$702,914,370
Total number of portfolio holdings	20
Total advisory fees paid (net)	$0
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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	61.7%
Equity	57.4%
Fixed income	4.3%
Unaffiliated investment companies	37.9%
Equity	37.9%
U.S. Government and Agency obligations	0.4%
U.S. Government	0.4%

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

$\"TSR$

At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889430

450A-R6

8/26

10/26

John Hancock 2055 Lifetime Blend Portfolio

$\"Manulife$

John Hancock 2050 Lifetime Blend Portfolio

Class 1/JRLWX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock 2050 Lifetime Blend Portfolio (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)

\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund (Class)	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
2050 Lifetime Blend Portfolio (Class 1/JRLWX)	$6	0.05%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

2050 Lifetime Blend Portfolio (Class 1/JRLWX) returned 21.26% for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

Bond funds | The fixed-income allocation contributed positively, led by intermediate-term bonds and emerging markets debt. Holdings in high yield bonds aided returns as well.

TOP PERFORMANCE 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

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
2050 Lifetime Blend Portfolio (Class 1/JRLWX)	21.26%	9.45%	11.54%
S&P 500 Index	20.38%	12.79%	15.37%
S&P Target Date 2050 Index	19.92%	9.75%	11.41%
John Hancock 2050 Lifetime Index	22.43%	9.89%	12.34%

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$888,037,732
Total number of portfolio holdings	26
Total advisory fees paid (net)	$0
Portfolio turnover rate	11%

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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	61.9%
Equity	57.1%
Fixed income	4.8%
Unaffiliated investment companies	37.7%
Equity	37.7%
U.S. Government and Agency obligations	0.4%
U.S. Government	0.4%

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

$\"Underlying$

At jhinvestments.com/underlying-funds, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889430

436A-1

8/26

10/26

John Hancock 2050 Lifetime Blend Portfolio

$\"Manulife$

John Hancock 2050 Lifetime Blend Portfolio

Class A/JHBFX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock 2050 Lifetime Blend Portfolio (the fund) for the period of September 1, 2025 to August 31, 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 year ?

(Based on a hypothetical $10,000 investment)

\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund (Class)	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
2050 Lifetime Blend Portfolio (Class A/JHBFX)	$45	0.41%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

2050 Lifetime Blend Portfolio (Class A/JHBFX) returned 20.74% (excluding sales charges) for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

Bond funds | The fixed-income allocation contributed positively, led by intermediate-term bonds and emerging markets debt. Holdings in high yield bonds aided returns as well.

TOP PERFORMANCE 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

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
2050 Lifetime Blend Portfolio (Class A/JHBFX)	14.74%	7.93%	10.76%
2050 Lifetime Blend Portfolio (Class A/JHBFX)—excluding sales charge	20.74%	9.04%	11.33%
S&P 500 Index	20.38%	12.79%	15.37%
S&P Target Date 2050 Index	19.92%	9.75%	11.41%
John Hancock 2050 Lifetime Index	22.43%	9.89%	12.34%

\n\n\n\n\n\n\n\n\n\n\n


\n\n	\n Class A shares were first offered on 6-21-21. Returns prior to this date are those of Class 1 shares and have not been adjusted for class-specific expenses; otherwise, returns would vary. \n

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$888,037,732
Total number of portfolio holdings	26
Total advisory fees paid (net)	$0
Portfolio turnover rate	11%

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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	61.9%
Equity	57.1%
Fixed income	4.8%
Unaffiliated investment companies	37.7%
Equity	37.7%
U.S. Government and Agency obligations	0.4%
U.S. Government	0.4%

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

$\"TSR$

At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889430

436A-A

8/26

10/26

John Hancock 2050 Lifetime Blend Portfolio

$\"Manulife$

John Hancock 2050 Lifetime Blend Portfolio

Class R4/JRTYX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock 2050 Lifetime Blend Portfolio (the fund) for the period of September 1, 2025 to August 31, 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 year ?

(Based on a hypothetical $10,000 investment)

\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund (Class)	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
2050 Lifetime Blend Portfolio (Class R4/JRTYX)	$28	0.25%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

2050 Lifetime Blend Portfolio (Class R4/JRTYX) returned 21.00% for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

Bond funds | The fixed-income allocation contributed positively, led by intermediate-term bonds and emerging markets debt. Holdings in high yield bonds aided returns as well.

TOP PERFORMANCE 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

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
2050 Lifetime Blend Portfolio (Class R4/JRTYX)	21.00%	9.23%	11.35%
S&P 500 Index	20.38%	12.79%	15.37%
S&P Target Date 2050 Index	19.92%	9.75%	11.41%
John Hancock 2050 Lifetime Index	22.43%	9.89%	12.34%

\n\n\n\n\n\n\n\n\n\n\n


\n\n	\n Class R4 shares ceased operations between 6-17-16 and 4-6-17. Returns while Class R4 shares were not offered are those of Class 1 shares and have not been adjusted for class-specific expenses; otherwise, returns would vary. \n

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$888,037,732
Total number of portfolio holdings	26
Total advisory fees paid (net)	$0
Portfolio turnover rate	11%

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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	61.9%
Equity	57.1%
Fixed income	4.8%
Unaffiliated investment companies	37.7%
Equity	37.7%
U.S. Government and Agency obligations	0.4%
U.S. Government	0.4%

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

$\"TSR$

At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889430

436A-R4

8/26

10/26

John Hancock 2050 Lifetime Blend Portfolio

$\"Manulife$

John Hancock 2050 Lifetime Blend Portfolio

Class R6/JRLZX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock 2050 Lifetime Blend Portfolio (the fund) for the period of September 1, 2025 to August 31, 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 year ?

(Based on a hypothetical $10,000 investment)

\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund (Class)	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
2050 Lifetime Blend Portfolio (Class R6/JRLZX)	$0	0.00%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

2050 Lifetime Blend Portfolio (Class R6/JRLZX) returned 21.26% for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

Bond funds | The fixed-income allocation contributed positively, led by intermediate-term bonds and emerging markets debt. Holdings in high yield bonds aided returns as well.

TOP PERFORMANCE 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

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 $1,000,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

GROWTH OF $1,000,000

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
2050 Lifetime Blend Portfolio (Class R6/JRLZX)	21.26%	9.49%	11.59%
S&P 500 Index	20.38%	12.79%	15.37%
S&P Target Date 2050 Index	19.92%	9.75%	11.41%
John Hancock 2050 Lifetime Index	22.43%	9.89%	12.34%

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$888,037,732
Total number of portfolio holdings	26
Total advisory fees paid (net)	$0
Portfolio turnover rate	11%

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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	61.9%
Equity	57.1%
Fixed income	4.8%
Unaffiliated investment companies	37.7%
Equity	37.7%
U.S. Government and Agency obligations	0.4%
U.S. Government	0.4%

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

$\"TSR$

At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889430

436A-R6

8/26

10/26

John Hancock 2050 Lifetime Blend Portfolio

$\"Manulife$

John Hancock 2045 Lifetime Blend Portfolio

Class 1/JRLQX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock 2045 Lifetime Blend Portfolio (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)

\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund (Class)	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
2045 Lifetime Blend Portfolio (Class 1/JRLQX)	$6	0.05%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

2045 Lifetime Blend Portfolio (Class 1/JRLQX) returned 20.18% for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

Equity allocation | U.S. equities made a significant contribution to absolute performance, led by large cap equities. International developed market equities further helped results, as did emerging market stocks. Defensive equities also generated positive returns. The real assets portfolio was an additional contributor with strong returns for energy stocks, commodities, and the metals & mining sector.

Bond funds | The fixed-income allocation contributed positively, led by intermediate-term bonds and emerging markets debt. Holdings in high yield bonds aided returns as well.

TOP PERFORMANCE DETRACTORS

Specific positions | At a time of positive returns for most segments of the financial markets, the majority of the fund’s holdings recorded a gain. However, small positions in U.S. Treasury STRIPS (Separate Trading of Registered Interest and Principal of Securities) were adversely affected by rising yields.

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

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
2045 Lifetime Blend Portfolio (Class 1/JRLQX)	20.18%	8.91%	11.26%
S&P 500 Index	20.38%	12.79%	15.37%
S&P Target Date 2045 Index	19.33%	9.45%	11.11%
John Hancock 2045 Lifetime Index	21.02%	9.28%	12.03%

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$1,051,386,342
Total number of portfolio holdings	28
Total advisory fees paid (net)	$0
Portfolio turnover rate	11%

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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	60.7%
Equity	54.0%
Fixed income	6.7%
Unaffiliated investment companies	38.8%
Equity	34.4%
Fixed income	4.4%
U.S. Government and Agency obligations	0.6%
U.S. Government	0.6%
Short-term investments and other	(0.1%)

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

$\"Underlying$

At jhinvestments.com/underlying-funds, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889430

435A-1

8/26

10/26

John Hancock 2045 Lifetime Blend Portfolio

$\"Manulife$

John Hancock 2045 Lifetime Blend Portfolio

Class A/JHBEX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock 2045 Lifetime Blend Portfolio (the fund) for the period of September 1, 2025 to August 31, 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 year ?

(Based on a hypothetical $10,000 investment)

\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund (Class)	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
2045 Lifetime Blend Portfolio (Class A/JHBEX)	$45	0.41%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

2045 Lifetime Blend Portfolio (Class A/JHBEX) returned 19.73% (excluding sales charges) for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

Bond funds | The fixed-income allocation contributed positively, led by intermediate-term bonds and emerging markets debt. Holdings in high yield bonds aided returns as well.

TOP PERFORMANCE 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

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
2045 Lifetime Blend Portfolio (Class A/JHBEX)	13.76%	7.39%	10.48%
2045 Lifetime Blend Portfolio (Class A/JHBEX)—excluding sales charge	19.73%	8.50%	11.05%
S&P 500 Index	20.38%	12.79%	15.37%
S&P Target Date 2045 Index	19.33%	9.45%	11.11%
John Hancock 2045 Lifetime Index	21.02%	9.28%	12.03%

\n\n\n\n\n\n\n\n\n\n\n


\n\n	\n Class A shares were first offered on 6-21-21. Returns prior to this date are those of Class 1 shares and have not been adjusted for class-specific expenses; otherwise, returns would vary. \n

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$1,051,386,342
Total number of portfolio holdings	28
Total advisory fees paid (net)	$0
Portfolio turnover rate	11%

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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	60.7%
Equity	54.0%
Fixed income	6.7%
Unaffiliated investment companies	38.8%
Equity	34.4%
Fixed income	4.4%
U.S. Government and Agency obligations	0.6%
U.S. Government	0.6%
Short-term investments and other	(0.1%)

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

$\"TSR$

At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889430

435A-A

8/26

10/26

John Hancock 2045 Lifetime Blend Portfolio

$\"Manulife$

John Hancock 2045 Lifetime Blend Portfolio

Class R4/JRLUX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock 2045 Lifetime Blend Portfolio (the fund) for the period of September 1, 2025 to August 31, 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 year ?

(Based on a hypothetical $10,000 investment)

\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund (Class)	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
2045 Lifetime Blend Portfolio (Class R4/JRLUX)	$27	0.25%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

2045 Lifetime Blend Portfolio (Class R4/JRLUX) returned 19.96% for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

Bond funds | The fixed-income allocation contributed positively, led by intermediate-term bonds and emerging markets debt. Holdings in high yield bonds aided returns as well.

TOP PERFORMANCE 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

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
2045 Lifetime Blend Portfolio (Class R4/JRLUX)	19.96%	8.67%	11.06%
S&P 500 Index	20.38%	12.79%	15.37%
S&P Target Date 2045 Index	19.33%	9.45%	11.11%
John Hancock 2045 Lifetime Index	21.02%	9.28%	12.03%

\n\n\n\n\n\n\n\n\n\n\n


\n\n	\n Class R4 shares ceased operations between 6-17-16 and 4-6-17. Returns while Class R4 shares were not offered are those of Class 1 shares and have not been adjusted for class-specific expenses; otherwise, returns would vary. \n

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$1,051,386,342
Total number of portfolio holdings	28
Total advisory fees paid (net)	$0
Portfolio turnover rate	11%

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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	60.7%
Equity	54.0%
Fixed income	6.7%
Unaffiliated investment companies	38.8%
Equity	34.4%
Fixed income	4.4%
U.S. Government and Agency obligations	0.6%
U.S. Government	0.6%
Short-term investments and other	(0.1%)

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

$\"TSR$

At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889430

435A-R4

8/26

10/26

John Hancock 2045 Lifetime Blend Portfolio

$\"Manulife$

John Hancock 2045 Lifetime Blend Portfolio

Class R6/JRLVX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock 2045 Lifetime Blend Portfolio (the fund) for the period of September 1, 2025 to August 31, 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 year ?

(Based on a hypothetical $10,000 investment)

\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund (Class)	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
2045 Lifetime Blend Portfolio (Class R6/JRLVX)	$0	0.00%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

2045 Lifetime Blend Portfolio (Class R6/JRLVX) returned 20.28% for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

Bond funds | The fixed-income allocation contributed positively, led by intermediate-term bonds and emerging markets debt. Holdings in high yield bonds aided returns as well.

TOP PERFORMANCE 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

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 $1,000,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

GROWTH OF $1,000,000

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
2045 Lifetime Blend Portfolio (Class R6/JRLVX)	20.28%	8.96%	11.32%
S&P 500 Index	20.38%	12.79%	15.37%
S&P Target Date 2045 Index	19.33%	9.45%	11.11%
John Hancock 2045 Lifetime Index	21.02%	9.28%	12.03%

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$1,051,386,342
Total number of portfolio holdings	28
Total advisory fees paid (net)	$0
Portfolio turnover rate	11%

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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	60.7%
Equity	54.0%
Fixed income	6.7%
Unaffiliated investment companies	38.8%
Equity	34.4%
Fixed income	4.4%
U.S. Government and Agency obligations	0.6%
U.S. Government	0.6%
Short-term investments and other	(0.1%)

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

$\"TSR$

At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889430

435A-R6

8/26

10/26

John Hancock 2045 Lifetime Blend Portfolio

$\"Manulife$

John Hancock 2040 Lifetime Blend Portfolio

Class 1/JRTTX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock 2040 Lifetime Blend Portfolio (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)

\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund (Class)	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
2040 Lifetime Blend Portfolio (Class 1/JRTTX)	$5	0.05%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

2040 Lifetime Blend Portfolio (Class 1/JRTTX) returned 18.57% for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

Bond funds | The fixed-income allocation contributed positively, led by intermediate-term bonds and emerging markets debt. Holdings in high yield bonds aided returns as well.

TOP PERFORMANCE 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

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
2040 Lifetime Blend Portfolio (Class 1/JRTTX)	18.57%	7.98%	10.69%
S&P 500 Index	20.38%	12.79%	15.37%
S&P Target Date 2040 Index	17.78%	8.72%	10.53%
John Hancock 2040 Lifetime Index	19.30%	8.33%	11.39%

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$1,104,583,663
Total number of portfolio holdings	28
Total advisory fees paid (net)	$0
Portfolio turnover rate	17%

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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	59.6%
Equity	48.1%
Fixed income	11.5%
Unaffiliated investment companies	39.6%
Equity	32.0%
Fixed income	7.6%
U.S. Government and Agency obligations	0.8%
U.S. Government	0.8%

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

$\"Underlying$

At jhinvestments.com/underlying-funds, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889430

434A-1

8/26

10/26

John Hancock 2040 Lifetime Blend Portfolio

$\"Manulife$

John Hancock 2040 Lifetime Blend Portfolio

Class A/JHBAX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock 2040 Lifetime Blend Portfolio (the fund) for the period of September 1, 2025 to August 31, 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 year ?

(Based on a hypothetical $10,000 investment)

\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund (Class)	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
2040 Lifetime Blend Portfolio (Class A/JHBAX)	$45	0.41%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

2040 Lifetime Blend Portfolio (Class A/JHBAX) returned 18.11% (excluding sales charges) for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

Bond funds | The fixed-income allocation contributed positively, led by intermediate-term bonds and emerging markets debt. Holdings in high yield bonds aided returns as well.

TOP PERFORMANCE 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

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
2040 Lifetime Blend Portfolio (Class A/JHBAX)	12.17%	6.51%	9.92%
2040 Lifetime Blend Portfolio (Class A/JHBAX)—excluding sales charge	18.11%	7.60%	10.49%
S&P 500 Index	20.38%	12.79%	15.37%
S&P Target Date 2040 Index	17.78%	8.72%	10.53%
John Hancock 2040 Lifetime Index	19.30%	8.33%	11.39%

\n\n\n\n\n\n\n\n\n\n\n


\n\n	\n Class A shares were first offered on 6-21-21. Returns prior to this date are those of Class 1 shares and have not been adjusted for class-specific expenses; otherwise, returns would vary. \n

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$1,104,583,663
Total number of portfolio holdings	28
Total advisory fees paid (net)	$0
Portfolio turnover rate	17%

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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	59.6%
Equity	48.1%
Fixed income	11.5%
Unaffiliated investment companies	39.6%
Equity	32.0%
Fixed income	7.6%
U.S. Government and Agency obligations	0.8%
U.S. Government	0.8%

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

$\"TSR$

At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889430

434A-A

8/26

10/26

John Hancock 2040 Lifetime Blend Portfolio

$\"Manulife$

John Hancock 2040 Lifetime Blend Portfolio

Class R4/JRTVX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock 2040 Lifetime Blend Portfolio (the fund) for the period of September 1, 2025 to August 31, 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 year ?

(Based on a hypothetical $10,000 investment)

\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund (Class)	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
2040 Lifetime Blend Portfolio (Class R4/JRTVX)	$27	0.25%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

2040 Lifetime Blend Portfolio (Class R4/JRTVX) returned 18.28% for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

Bond funds | The fixed-income allocation contributed positively, led by intermediate-term bonds and emerging markets debt. Holdings in high yield bonds aided returns as well.

TOP PERFORMANCE 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

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
2040 Lifetime Blend Portfolio (Class R4/JRTVX)	18.28%	7.77%	10.51%
S&P 500 Index	20.38%	12.79%	15.37%
S&P Target Date 2040 Index	17.78%	8.72%	10.53%
John Hancock 2040 Lifetime Index	19.30%	8.33%	11.39%

\n\n\n\n\n\n\n\n\n\n\n


\n\n	\n Class R4 shares ceased operations between 6-17-16 and 4-6-17. Returns while Class R4 shares were not offered are those of Class 1 shares and have not been adjusted for class-specific expenses; otherwise, returns would vary. \n

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$1,104,583,663
Total number of portfolio holdings	28
Total advisory fees paid (net)	$0
Portfolio turnover rate	17%

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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	59.6%
Equity	48.1%
Fixed income	11.5%
Unaffiliated investment companies	39.6%
Equity	32.0%
Fixed income	7.6%
U.S. Government and Agency obligations	0.8%
U.S. Government	0.8%

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

$\"TSR$

At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889430

434A-R4

8/26

10/26

John Hancock 2040 Lifetime Blend Portfolio

$\"Manulife$

John Hancock 2040 Lifetime Blend Portfolio

Class R6/JRTWX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock 2040 Lifetime Blend Portfolio (the fund) for the period of September 1, 2025 to August 31, 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 year ?

(Based on a hypothetical $10,000 investment)

\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund (Class)	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
2040 Lifetime Blend Portfolio (Class R6/JRTWX)	$0	0.00%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

2040 Lifetime Blend Portfolio (Class R6/JRTWX) returned 18.61% for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

Bond funds | The fixed-income allocation contributed positively, led by intermediate-term bonds and emerging markets debt. Holdings in high yield bonds aided returns as well.

TOP PERFORMANCE 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

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 $1,000,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

GROWTH OF $1,000,000

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
2040 Lifetime Blend Portfolio (Class R6/JRTWX)	18.61%	8.04%	10.74%
S&P 500 Index	20.38%	12.79%	15.37%
S&P Target Date 2040 Index	17.78%	8.72%	10.53%
John Hancock 2040 Lifetime Index	19.30%	8.33%	11.39%

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$1,104,583,663
Total number of portfolio holdings	28
Total advisory fees paid (net)	$0
Portfolio turnover rate	17%

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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	59.6%
Equity	48.1%
Fixed income	11.5%
Unaffiliated investment companies	39.6%
Equity	32.0%
Fixed income	7.6%
U.S. Government and Agency obligations	0.8%
U.S. Government	0.8%

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

$\"TSR$

At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889430

434A-R6

8/26

10/26

John Hancock 2040 Lifetime Blend Portfolio

$\"Manulife$

John Hancock 2035 Lifetime Blend Portfolio

Class 1/JRTKX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock 2035 Lifetime Blend Portfolio (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)

\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund (Class)	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
2035 Lifetime Blend Portfolio (Class 1/JRTKX)	$5	0.05%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

2035 Lifetime Blend Portfolio (Class 1/JRTKX) returned 16.58% for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

Bond funds | The fixed-income allocation contributed positively, led by intermediate-term bonds and emerging markets debt. Holdings in short-term bonds, high yield bonds, short-term U.S. Treasury Inflation Protected Securities, and bank loans aided returns as well.

TOP PERFORMANCE 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

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
2035 Lifetime Blend Portfolio (Class 1/JRTKX)	16.58%	6.95%	9.79%
S&P 500 Index	20.38%	12.79%	15.37%
S&P Target Date 2035 Index	15.65%	7.70%	9.66%
John Hancock 2035 Lifetime Index	17.40%	7.26%	10.41%

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$1,271,314,521
Total number of portfolio holdings	34
Total advisory fees paid (net)	$0
Portfolio turnover rate	16%

Graphical Representation of Holdings

The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.

Asset Allocation

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	58.6%
Equity	42.6%
Fixed income	16.0%
Unaffiliated investment companies	39.4%
Equity	28.2%
Fixed income	11.2%
U.S. Government and Agency obligations	2.0%
U.S. Government	2.0%

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

$\"Underlying$

At jhinvestments.com/underlying-funds, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889430

433A-1

8/26

10/26

John Hancock 2035 Lifetime Blend Portfolio

$\"Manulife$

John Hancock 2035 Lifetime Blend Portfolio

Class A/JHAYX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock 2035 Lifetime Blend Portfolio (the fund) for the period of September 1, 2025 to August 31, 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 year ?

(Based on a hypothetical $10,000 investment)

\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund (Class)	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
2035 Lifetime Blend Portfolio (Class A/JHAYX)	$44	0.41%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

2035 Lifetime Blend Portfolio (Class A/JHAYX) returned 16.13% (excluding sales charges) for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

TOP PERFORMANCE 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

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
2035 Lifetime Blend Portfolio (Class A/JHAYX)	10.29%	5.48%	9.02%
2035 Lifetime Blend Portfolio (Class A/JHAYX)—excluding sales charge	16.13%	6.56%	9.58%
S&P 500 Index	20.38%	12.79%	15.37%
S&P Target Date 2035 Index	15.65%	7.70%	9.66%
John Hancock 2035 Lifetime Index	17.40%	7.26%	10.41%

\n\n\n\n\n\n\n\n\n\n\n


\n\n	\n Class A shares were first offered on 6-21-21. Returns prior to this date are those of Class 1 shares and have not been adjusted for class-specific expenses; otherwise, returns would vary. \n

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$1,271,314,521
Total number of portfolio holdings	34
Total advisory fees paid (net)	$0
Portfolio turnover rate	16%

Graphical Representation of Holdings

The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.

Asset Allocation

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	58.6%
Equity	42.6%
Fixed income	16.0%
Unaffiliated investment companies	39.4%
Equity	28.2%
Fixed income	11.2%
U.S. Government and Agency obligations	2.0%
U.S. Government	2.0%

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

$\"TSR$

At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889430

433A-A

8/26

10/26

John Hancock 2035 Lifetime Blend Portfolio

$\"Manulife$

John Hancock 2035 Lifetime Blend Portfolio

Class R4/JRTMX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock 2035 Lifetime Blend Portfolio (the fund) for the period of September 1, 2025 to August 31, 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 year ?

(Based on a hypothetical $10,000 investment)

\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund (Class)	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
2035 Lifetime Blend Portfolio (Class R4/JRTMX)	$27	0.25%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

2035 Lifetime Blend Portfolio (Class R4/JRTMX) returned 16.29% for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

TOP PERFORMANCE 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

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
2035 Lifetime Blend Portfolio (Class R4/JRTMX)	16.29%	6.73%	9.60%
S&P 500 Index	20.38%	12.79%	15.37%
S&P Target Date 2035 Index	15.65%	7.70%	9.66%
John Hancock 2035 Lifetime Index	17.40%	7.26%	10.41%

\n\n\n\n\n\n\n\n\n\n\n


\n\n	\n Class R4 shares ceased operations between 6-17-16 and 4-6-17. Returns while Class R4 shares were not offered are those of Class 1 shares and have not been adjusted for class-specific expenses; otherwise, returns would vary. \n

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$1,271,314,521
Total number of portfolio holdings	34
Total advisory fees paid (net)	$0
Portfolio turnover rate	16%

Graphical Representation of Holdings

The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.

Asset Allocation

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	58.6%
Equity	42.6%
Fixed income	16.0%
Unaffiliated investment companies	39.4%
Equity	28.2%
Fixed income	11.2%
U.S. Government and Agency obligations	2.0%
U.S. Government	2.0%

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

$\"TSR$

At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889430

433A-R4

8/26

10/26

John Hancock 2035 Lifetime Blend Portfolio

$\"Manulife$

John Hancock 2035 Lifetime Blend Portfolio

Class R6/JRTNX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock 2035 Lifetime Blend Portfolio (the fund) for the period of September 1, 2025 to August 31, 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 year ?

(Based on a hypothetical $10,000 investment)

\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund (Class)	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
2035 Lifetime Blend Portfolio (Class R6/JRTNX)	$0	0.00%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

2035 Lifetime Blend Portfolio (Class R6/JRTNX) returned 16.63% for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

TOP PERFORMANCE 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

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 $1,000,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

GROWTH OF $1,000,000

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
2035 Lifetime Blend Portfolio (Class R6/JRTNX)	16.63%	7.00%	9.85%
S&P 500 Index	20.38%	12.79%	15.37%
S&P Target Date 2035 Index	15.65%	7.70%	9.66%
John Hancock 2035 Lifetime Index	17.40%	7.26%	10.41%

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$1,271,314,521
Total number of portfolio holdings	34
Total advisory fees paid (net)	$0
Portfolio turnover rate	16%

Graphical Representation of Holdings

The table below shows the investment makeup of the fund, representing a percentage of the total net assets of the fund.

Asset Allocation

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	58.6%
Equity	42.6%
Fixed income	16.0%
Unaffiliated investment companies	39.4%
Equity	28.2%
Fixed income	11.2%
U.S. Government and Agency obligations	2.0%
U.S. Government	2.0%

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

$\"TSR$

At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889430

433A-R6

8/26

10/26

John Hancock 2035 Lifetime Blend Portfolio

$\"Manulife$

John Hancock 2030 Lifetime Blend Portfolio

Class 1/JRTGX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock 2030 Lifetime Blend Portfolio (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)

\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund (Class)	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
2030 Lifetime Blend Portfolio (Class 1/JRTGX)	$5	0.05%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

2030 Lifetime Blend Portfolio (Class 1/JRTGX) returned 14.22% for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

TOP PERFORMANCE 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

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
2030 Lifetime Blend Portfolio (Class 1/JRTGX)	14.22%	5.91%	8.77%
S&P 500 Index	20.38%	12.79%	15.37%
S&P Target Date 2030 Index	13.47%	6.63%	8.60%
John Hancock 2030 Lifetime Index	15.22%	6.27%	9.37%

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$1,207,558,239
Total number of portfolio holdings	34
Total advisory fees paid (net)	$0
Portfolio turnover rate	17%

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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	55.3%
Equity	35.3%
Fixed income	20.0%
Unaffiliated investment companies	41.0%
Equity	24.4%
Fixed income	16.6%
U.S. Government and Agency obligations	3.7%
U.S. Government	3.7%

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

$\"Underlying$

At jhinvestments.com/underlying-funds, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889430

432A-1

8/26

10/26

John Hancock 2030 Lifetime Blend Portfolio

$\"Manulife$

John Hancock 2030 Lifetime Blend Portfolio

Class A/JHAVX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock 2030 Lifetime Blend Portfolio (the fund) for the period of September 1, 2025 to August 31, 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 year ?

(Based on a hypothetical $10,000 investment)

\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund (Class)	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
2030 Lifetime Blend Portfolio (Class A/JHAVX)	$44	0.41%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

2030 Lifetime Blend Portfolio (Class A/JHAVX) returned 13.85% (excluding sales charges) for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

TOP PERFORMANCE 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

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
2030 Lifetime Blend Portfolio (Class A/JHAVX)	8.18%	4.45%	8.02%
2030 Lifetime Blend Portfolio (Class A/JHAVX)—excluding sales charge	13.85%	5.53%	8.57%
S&P 500 Index	20.38%	12.79%	15.37%
S&P Target Date 2030 Index	13.47%	6.63%	8.60%
John Hancock 2030 Lifetime Index	15.22%	6.27%	9.37%

\n\n\n\n\n\n\n\n\n\n\n


\n\n	\n Class A shares were first offered on 6-21-21. Returns prior to this date are those of Class 1 shares and have not been adjusted for class-specific expenses; otherwise, returns would vary. \n

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$1,207,558,239
Total number of portfolio holdings	34
Total advisory fees paid (net)	$0
Portfolio turnover rate	17%

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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	55.3%
Equity	35.3%
Fixed income	20.0%
Unaffiliated investment companies	41.0%
Equity	24.4%
Fixed income	16.6%
U.S. Government and Agency obligations	3.7%
U.S. Government	3.7%

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

$\"TSR$

At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889430

432A-A

8/26

10/26

John Hancock 2030 Lifetime Blend Portfolio

$\"Manulife$

John Hancock 2030 Lifetime Blend Portfolio

Class R4/JRTIX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock 2030 Lifetime Blend Portfolio (the fund) for the period of September 1, 2025 to August 31, 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 year ?

(Based on a hypothetical $10,000 investment)

\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund (Class)	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
2030 Lifetime Blend Portfolio (Class R4/JRTIX)	$28	0.26%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

2030 Lifetime Blend Portfolio (Class R4/JRTIX) returned 14.11% for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

TOP PERFORMANCE 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

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
2030 Lifetime Blend Portfolio (Class R4/JRTIX)	14.11%	5.70%	8.60%
S&P 500 Index	20.38%	12.79%	15.37%
S&P Target Date 2030 Index	13.47%	6.63%	8.60%
John Hancock 2030 Lifetime Index	15.22%	6.27%	9.37%

\n\n\n\n\n\n\n\n\n\n\n


\n\n	\n Class R4 shares ceased operations between 6-17-16 and 4-6-17. Returns while Class R4 shares were not offered are those of Class 1 shares and have not been adjusted for class-specific expenses; otherwise, returns would vary. \n

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$1,207,558,239
Total number of portfolio holdings	34
Total advisory fees paid (net)	$0
Portfolio turnover rate	17%

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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	55.3%
Equity	35.3%
Fixed income	20.0%
Unaffiliated investment companies	41.0%
Equity	24.4%
Fixed income	16.6%
U.S. Government and Agency obligations	3.7%
U.S. Government	3.7%

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

$\"TSR$

At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889430

432A-R4

8/26

10/26

John Hancock 2030 Lifetime Blend Portfolio

$\"Manulife$

John Hancock 2030 Lifetime Blend Portfolio

Class R6/JRTJX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock 2030 Lifetime Blend Portfolio (the fund) for the period of September 1, 2025 to August 31, 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 year ?

(Based on a hypothetical $10,000 investment)

\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund (Class)	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
2030 Lifetime Blend Portfolio (Class R6/JRTJX)	$1	0.01%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

2030 Lifetime Blend Portfolio (Class R6/JRTJX) returned 14.34% for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

TOP PERFORMANCE 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

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 $1,000,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

GROWTH OF $1,000,000

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
2030 Lifetime Blend Portfolio (Class R6/JRTJX)	14.34%	5.98%	8.84%
S&P 500 Index	20.38%	12.79%	15.37%
S&P Target Date 2030 Index	13.47%	6.63%	8.60%
John Hancock 2030 Lifetime Index	15.22%	6.27%	9.37%

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$1,207,558,239
Total number of portfolio holdings	34
Total advisory fees paid (net)	$0
Portfolio turnover rate	17%

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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	55.3%
Equity	35.3%
Fixed income	20.0%
Unaffiliated investment companies	41.0%
Equity	24.4%
Fixed income	16.6%
U.S. Government and Agency obligations	3.7%
U.S. Government	3.7%

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

$\"TSR$

At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889430

432A-R6

8/26

10/26

John Hancock 2030 Lifetime Blend Portfolio

$\"Manulife$

John Hancock 2025 Lifetime Blend Portfolio

Class 1/JRTBX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock 2025 Lifetime Blend Portfolio (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)

\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund (Class)	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
2025 Lifetime Blend Portfolio (Class 1/JRTBX)	$10	0.09%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

2025 Lifetime Blend Portfolio (Class 1/JRTBX) returned 12.07% for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

Equity allocation | U.S. equities made a significant contribution to absolute performance, led by large cap equities. International developed market equities further helped results. Defensive equities also generated positive returns. The real assets portfolio was an additional contributor with strong returns for energy stocks, commodities, and the metals & mining sector.

TOP PERFORMANCE 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

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
2025 Lifetime Blend Portfolio (Class 1/JRTBX)	12.07%	4.95%	7.69%
S&P 500 Index	20.38%	12.79%	15.37%
S&P Target Date 2025 Index	11.58%	5.68%	7.63%
John Hancock 2025 Lifetime Index	12.95%	5.33%	8.23%

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$823,753,823
Total number of portfolio holdings	33
Total advisory fees paid (net)	$0
Portfolio turnover rate	19%

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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	54.3%
Equity	30.0%
Fixed income	24.3%
Unaffiliated investment companies	40.5%
Fixed income	20.6%
Equity	19.9%
U.S. Government and Agency obligations	5.2%
U.S. Government	5.2%

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 .

Availability of Additional Information

$\"Underlying$

At jhinvestments.com/underlying-funds, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889430

431A-1

8/26

10/26

John Hancock 2025 Lifetime Blend Portfolio

$\"Manulife$

John Hancock 2025 Lifetime Blend Portfolio

Class A/JHAUX

Annual SHAREHOLDER REPORT | August 31, 2026

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

(Based on a hypothetical $10,000 investment)

\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund (Class)	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
2025 Lifetime Blend Portfolio (Class A/JHAUX)	$48	0.45%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

2025 Lifetime Blend Portfolio (Class A/JHAUX) returned 11.59% (excluding sales charges) for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

Equity allocation | U.S. equities made a significant contribution to absolute performance, led by large cap equities. International developed market equities further helped results. Defensive equities also generated positive returns. The real assets portfolio was an additional contributor with strong returns for energy stocks, commodities, and the metals & mining sector.

TOP PERFORMANCE 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

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
2025 Lifetime Blend Portfolio (Class A/JHAUX)	6.02%	3.52%	6.95%
2025 Lifetime Blend Portfolio (Class A/JHAUX)—excluding sales charge	11.59%	4.59%	7.49%
S&P 500 Index	20.38%	12.79%	15.37%
S&P Target Date 2025 Index	11.58%	5.68%	7.63%
John Hancock 2025 Lifetime Index	12.95%	5.33%	8.23%

\n\n\n\n\n\n\n\n\n\n\n


\n\n	\n Class A shares were first offered on 6-21-21. Returns prior to this date are those of Class 1 shares and have not been adjusted for class-specific expenses; otherwise, returns would vary. \n

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$823,753,823
Total number of portfolio holdings	33
Total advisory fees paid (net)	$0
Portfolio turnover rate	19%

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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	54.3%
Equity	30.0%
Fixed income	24.3%
Unaffiliated investment companies	40.5%
Fixed income	20.6%
Equity	19.9%
U.S. Government and Agency obligations	5.2%
U.S. Government	5.2%

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 .

Availability of Additional Information

$\"TSR$

At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889430

431A-A

8/26

10/26

John Hancock 2025 Lifetime Blend Portfolio

$\"Manulife$

John Hancock 2025 Lifetime Blend Portfolio

Class R4/JRTDX

Annual SHAREHOLDER REPORT | August 31, 2026

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

(Based on a hypothetical $10,000 investment)

\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund (Class)	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
2025 Lifetime Blend Portfolio (Class R4/JRTDX)	$31	0.29%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

2025 Lifetime Blend Portfolio (Class R4/JRTDX) returned 11.77% for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

Equity allocation | U.S. equities made a significant contribution to absolute performance, led by large cap equities. International developed market equities further helped results. Defensive equities also generated positive returns. The real assets portfolio was an additional contributor with strong returns for energy stocks, commodities, and the metals & mining sector.

TOP PERFORMANCE 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

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
2025 Lifetime Blend Portfolio (Class R4/JRTDX)	11.77%	4.74%	7.51%
S&P 500 Index	20.38%	12.79%	15.37%
S&P Target Date 2025 Index	11.58%	5.68%	7.63%
John Hancock 2025 Lifetime Index	12.95%	5.33%	8.23%

\n\n\n\n\n\n\n\n\n\n\n


\n\n	\n Class R4 shares ceased operations between 6-17-16 and 4-6-17. Returns while Class R4 shares were not offered are those of Class 1 shares and have not been adjusted for class-specific expenses; otherwise, returns would vary. \n

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$823,753,823
Total number of portfolio holdings	33
Total advisory fees paid (net)	$0
Portfolio turnover rate	19%

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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	54.3%
Equity	30.0%
Fixed income	24.3%
Unaffiliated investment companies	40.5%
Fixed income	20.6%
Equity	19.9%
U.S. Government and Agency obligations	5.2%
U.S. Government	5.2%

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 .

Availability of Additional Information

$\"TSR$

At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889430

431A-R4

8/26

10/26

John Hancock 2025 Lifetime Blend Portfolio

$\"Manulife$

John Hancock 2025 Lifetime Blend Portfolio

Class R6/JRTFX

Annual SHAREHOLDER REPORT | August 31, 2026

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

(Based on a hypothetical $10,000 investment)

\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund (Class)	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
2025 Lifetime Blend Portfolio (Class R6/JRTFX)	$4	0.04%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

2025 Lifetime Blend Portfolio (Class R6/JRTFX) returned 12.10% for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

Equity allocation | U.S. equities made a significant contribution to absolute performance, led by large cap equities. International developed market equities further helped results. Defensive equities also generated positive returns. The real assets portfolio was an additional contributor with strong returns for energy stocks, commodities, and the metals & mining sector.

TOP PERFORMANCE 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

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 $1,000,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

GROWTH OF $1,000,000

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
2025 Lifetime Blend Portfolio (Class R6/JRTFX)	12.10%	5.01%	7.74%
S&P 500 Index	20.38%	12.79%	15.37%
S&P Target Date 2025 Index	11.58%	5.68%	7.63%
John Hancock 2025 Lifetime Index	12.95%	5.33%	8.23%

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$823,753,823
Total number of portfolio holdings	33
Total advisory fees paid (net)	$0
Portfolio turnover rate	19%

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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	54.3%
Equity	30.0%
Fixed income	24.3%
Unaffiliated investment companies	40.5%
Fixed income	20.6%
Equity	19.9%
U.S. Government and Agency obligations	5.2%
U.S. Government	5.2%

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 .

Availability of Additional Information

$\"TSR$

At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889430

431A-R6

8/26

10/26

John Hancock 2025 Lifetime Blend Portfolio

$\"Manulife$

John Hancock 2020 Lifetime Blend Portfolio

Class 1/JRLOX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock 2020 Lifetime Blend Portfolio (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)

\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund (Class)	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
2020 Lifetime Blend Portfolio (Class 1/JRLOX)	$13	0.12%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

2020 Lifetime Blend Portfolio (Class 1/JRLOX) returned 10.78% for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

Equity allocation | U.S. equities made a significant contribution to absolute performance, led by large cap equities. International developed market equities further helped results. Defensive equities also generated positive returns. The real assets portfolio was an additional contributor with strong returns for energy stocks, commodities, and the metals & mining sector.

TOP PERFORMANCE 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

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
2020 Lifetime Blend Portfolio (Class 1/JRLOX)	10.78%	4.59%	6.79%
Bloomberg U.S. Aggregate Bond Index	1.89%	(0.29)%	1.40%
S&P Target Date 2020 Index	9.98%	5.06%	6.78%
John Hancock 2020 Lifetime Index	11.51%	4.94%	7.26%

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$340,348,358
Total number of portfolio holdings	33
Total advisory fees paid (net)	$0
Portfolio turnover rate	22%

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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	50.0%
Fixed income	26.6%
Equity	23.4%
Unaffiliated investment companies	43.4%
Fixed income	23.5%
Equity	19.9%
U.S. Government and Agency obligations	6.6%
U.S. Government	6.6%

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

$\"Underlying$

At jhinvestments.com/underlying-funds, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889430

430A-1

8/26

10/26

John Hancock 2020 Lifetime Blend Portfolio

$\"Manulife$

John Hancock 2020 Lifetime Blend Portfolio

Class A/JHAPX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock 2020 Lifetime Blend Portfolio (the fund) for the period of September 1, 2025 to August 31, 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 year ?

(Based on a hypothetical $10,000 investment)

\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund (Class)	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
2020 Lifetime Blend Portfolio (Class A/JHAPX)	$50	0.48%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

2020 Lifetime Blend Portfolio (Class A/JHAPX) returned 10.40% (excluding sales charges) for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

Equity allocation | U.S. equities made a significant contribution to absolute performance, led by large cap equities. International developed market equities further helped results. Defensive equities also generated positive returns. The real assets portfolio was an additional contributor with strong returns for energy stocks, commodities, and the metals & mining sector.

TOP PERFORMANCE 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

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
2020 Lifetime Blend Portfolio (Class A/JHAPX)	4.91%	3.15%	6.04%
2020 Lifetime Blend Portfolio (Class A/JHAPX)—excluding sales charge	10.40%	4.21%	6.59%
Bloomberg U.S. Aggregate Bond Index	1.89%	(0.29)%	1.40%
S&P Target Date 2020 Index	9.98%	5.06%	6.78%
John Hancock 2020 Lifetime Index	11.51%	4.94%	7.26%

\n\n\n\n\n\n\n\n\n\n\n


\n\n	\n Class A shares were first offered on 6-21-21. Returns prior to this date are those of Class 1 shares and have not been adjusted for class-specific expenses; otherwise, returns would vary. \n

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$340,348,358
Total number of portfolio holdings	33
Total advisory fees paid (net)	$0
Portfolio turnover rate	22%

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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	50.0%
Fixed income	26.6%
Equity	23.4%
Unaffiliated investment companies	43.4%
Fixed income	23.5%
Equity	19.9%
U.S. Government and Agency obligations	6.6%
U.S. Government	6.6%

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

$\"TSR$

At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889430

430A-A

8/26

10/26

John Hancock 2020 Lifetime Blend Portfolio

$\"Manulife$

John Hancock 2020 Lifetime Blend Portfolio

Class R4/JRLPX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock 2020 Lifetime Blend Portfolio (the fund) for the period of September 1, 2025 to August 31, 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 year ?

(Based on a hypothetical $10,000 investment)

\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund (Class)	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
2020 Lifetime Blend Portfolio (Class R4/JRLPX)	$35	0.33%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

2020 Lifetime Blend Portfolio (Class R4/JRLPX) returned 10.49% for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

Equity allocation | U.S. equities made a significant contribution to absolute performance, led by large cap equities. International developed market equities further helped results. Defensive equities also generated positive returns. The real assets portfolio was an additional contributor with strong returns for energy stocks, commodities, and the metals & mining sector.

TOP PERFORMANCE 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

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
2020 Lifetime Blend Portfolio (Class R4/JRLPX)	10.49%	4.36%	6.59%
Bloomberg U.S. Aggregate Bond Index	1.89%	(0.29)%	1.40%
S&P Target Date 2020 Index	9.98%	5.06%	6.78%
John Hancock 2020 Lifetime Index	11.51%	4.94%	7.26%

\n\n\n\n\n\n\n\n\n\n\n


\n\n	\n Class R4 shares ceased operations between 6-17-16 and 4-6-17. Returns while Class R4 shares were not offered are those of Class 1 shares and have not been adjusted for class-specific expenses; otherwise, returns would vary. \n

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$340,348,358
Total number of portfolio holdings	33
Total advisory fees paid (net)	$0
Portfolio turnover rate	22%

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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	50.0%
Fixed income	26.6%
Equity	23.4%
Unaffiliated investment companies	43.4%
Fixed income	23.5%
Equity	19.9%
U.S. Government and Agency obligations	6.6%
U.S. Government	6.6%

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

$\"TSR$

At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889430

430A-R4

8/26

10/26

John Hancock 2020 Lifetime Blend Portfolio

$\"Manulife$

John Hancock 2020 Lifetime Blend Portfolio

Class R6/JRTAX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock 2020 Lifetime Blend Portfolio (the fund) for the period of September 1, 2025 to August 31, 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 year ?

(Based on a hypothetical $10,000 investment)

\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund (Class)	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
2020 Lifetime Blend Portfolio (Class R6/JRTAX)	$8	0.08%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

2020 Lifetime Blend Portfolio (Class R6/JRTAX) returned 10.90% for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

Equity allocation | U.S. equities made a significant contribution to absolute performance, led by large cap equities. International developed market equities further helped results. Defensive equities also generated positive returns. The real assets portfolio was an additional contributor with strong returns for energy stocks, commodities, and the metals & mining sector.

TOP PERFORMANCE 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

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 $1,000,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

GROWTH OF $1,000,000

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
2020 Lifetime Blend Portfolio (Class R6/JRTAX)	10.90%	4.64%	6.84%
Bloomberg U.S. Aggregate Bond Index	1.89%	(0.29)%	1.40%
S&P Target Date 2020 Index	9.98%	5.06%	6.78%
John Hancock 2020 Lifetime Index	11.51%	4.94%	7.26%

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$340,348,358
Total number of portfolio holdings	33
Total advisory fees paid (net)	$0
Portfolio turnover rate	22%

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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	50.0%
Fixed income	26.6%
Equity	23.4%
Unaffiliated investment companies	43.4%
Fixed income	23.5%
Equity	19.9%
U.S. Government and Agency obligations	6.6%
U.S. Government	6.6%

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

$\"TSR$

At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889430

430A-R6

8/26

10/26

John Hancock 2020 Lifetime Blend Portfolio

$\"Manulife$

John Hancock 2015 Lifetime Blend Portfolio

Class 1/JRLIX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock 2015 Lifetime Blend Portfolio (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)

\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund (Class)	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
2015 Lifetime Blend Portfolio (Class 1/JRLIX)	$16	0.15%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

2015 Lifetime Blend Portfolio (Class 1/JRLIX) returned 9.47% for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

Equity allocation | U.S. equities made a significant contribution to absolute performance, led by large cap equities. International developed market equities further helped results. Defensive equities also generated positive returns. The real assets portfolio was an additional contributor with strong returns for energy stocks, commodities, and the metals & mining sector.

TOP PERFORMANCE 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

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
2015 Lifetime Blend Portfolio (Class 1/JRLIX)	9.47%	4.25%	6.13%
Bloomberg U.S. Aggregate Bond Index	1.89%	(0.29)%	1.40%
S&P Target Date 2015 Index	9.24%	4.64%	6.28%
John Hancock 2015 Lifetime Index	10.13%	4.60%	6.51%

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$92,344,381
Total number of portfolio holdings	33
Total advisory fees paid (net)	$0
Portfolio turnover rate	20%

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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	46.1%
Fixed income	28.7%
Equity	17.4%
Unaffiliated investment companies	45.9%
Fixed income	26.5%
Equity	19.4%
U.S. Government and Agency obligations	8.1%
U.S. Government	8.1%
Short-term investments and other	(0.1%)

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

$\"Underlying$

At jhinvestments.com/underlying-funds, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889430

429A-1

8/26

10/26

John Hancock 2015 Lifetime Blend Portfolio

$\"Manulife$

John Hancock 2015 Lifetime Blend Portfolio

Class A/JHAOX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock 2015 Lifetime Blend Portfolio (the fund) for the period of September 1, 2025 to August 31, 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 year ?

(Based on a hypothetical $10,000 investment)

\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund (Class)	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
2015 Lifetime Blend Portfolio (Class A/JHAOX)	$53	0.51%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

2015 Lifetime Blend Portfolio (Class A/JHAOX) returned 9.00% (excluding sales charges) for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

Equity allocation | U.S. equities made a significant contribution to absolute performance, led by large cap equities. International developed market equities further helped results. Defensive equities also generated positive returns. The real assets portfolio was an additional contributor with strong returns for energy stocks, commodities, and the metals & mining sector.

TOP PERFORMANCE 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

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
2015 Lifetime Blend Portfolio (Class A/JHAOX)	3.57%	2.81%	5.38%
2015 Lifetime Blend Portfolio (Class A/JHAOX)—excluding sales charge	9.00%	3.87%	5.93%
Bloomberg U.S. Aggregate Bond Index	1.89%	(0.29)%	1.40%
S&P Target Date 2015 Index	9.24%	4.64%	6.28%
John Hancock 2015 Lifetime Index	10.13%	4.60%	6.51%

\n\n\n\n\n\n\n\n\n\n\n


\n\n	\n Class A shares were first offered on 6-21-21. Returns prior to this date are those of Class 1 shares and have not been adjusted for class-specific expenses; otherwise, returns would vary. \n

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$92,344,381
Total number of portfolio holdings	33
Total advisory fees paid (net)	$0
Portfolio turnover rate	20%

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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	46.1%
Fixed income	28.7%
Equity	17.4%
Unaffiliated investment companies	45.9%
Fixed income	26.5%
Equity	19.4%
U.S. Government and Agency obligations	8.1%
U.S. Government	8.1%
Short-term investments and other	(0.1%)

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

$\"TSR$

At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889430

429A-A

8/26

10/26

John Hancock 2015 Lifetime Blend Portfolio

$\"Manulife$

John Hancock 2015 Lifetime Blend Portfolio

Class R4/JRLKX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock 2015 Lifetime Blend Portfolio (the fund) for the period of September 1, 2025 to August 31, 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 year ?

(Based on a hypothetical $10,000 investment)

\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund (Class)	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
2015 Lifetime Blend Portfolio (Class R4/JRLKX)	$37	0.35%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

2015 Lifetime Blend Portfolio (Class R4/JRLKX) returned 9.20% for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

Equity allocation | U.S. equities made a significant contribution to absolute performance, led by large cap equities. International developed market equities further helped results. Defensive equities also generated positive returns. The real assets portfolio was an additional contributor with strong returns for energy stocks, commodities, and the metals & mining sector.

TOP PERFORMANCE 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

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
2015 Lifetime Blend Portfolio (Class R4/JRLKX)	9.20%	4.03%	5.94%
Bloomberg U.S. Aggregate Bond Index	1.89%	(0.29)%	1.40%
S&P Target Date 2015 Index	9.24%	4.64%	6.28%
John Hancock 2015 Lifetime Index	10.13%	4.60%	6.51%

\n\n\n\n\n\n\n\n\n\n\n


\n\n	\n Class R4 shares ceased operations between 6-17-16 and 4-6-17. Returns while Class R4 shares were not offered are those of Class 1 shares and have not been adjusted for class-specific expenses; otherwise, returns would vary. \n

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$92,344,381
Total number of portfolio holdings	33
Total advisory fees paid (net)	$0
Portfolio turnover rate	20%

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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	46.1%
Fixed income	28.7%
Equity	17.4%
Unaffiliated investment companies	45.9%
Fixed income	26.5%
Equity	19.4%
U.S. Government and Agency obligations	8.1%
U.S. Government	8.1%
Short-term investments and other	(0.1%)

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

$\"TSR$

At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889430

429A-R4

8/26

10/26

John Hancock 2015 Lifetime Blend Portfolio

$\"Manulife$

John Hancock 2015 Lifetime Blend Portfolio

Class R6/JRLLX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock 2015 Lifetime Blend Portfolio (the fund) for the period of September 1, 2025 to August 31, 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 year ?

(Based on a hypothetical $10,000 investment)

\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund (Class)	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
2015 Lifetime Blend Portfolio (Class R6/JRLLX)	$12	0.11%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

2015 Lifetime Blend Portfolio (Class R6/JRLLX) returned 9.50% for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

Equity allocation | U.S. equities made a significant contribution to absolute performance, led by large cap equities. International developed market equities further helped results. Defensive equities also generated positive returns. The real assets portfolio was an additional contributor with strong returns for energy stocks, commodities, and the metals & mining sector.

TOP PERFORMANCE 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

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 $1,000,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

GROWTH OF $1,000,000

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
2015 Lifetime Blend Portfolio (Class R6/JRLLX)	9.50%	4.31%	6.18%
Bloomberg U.S. Aggregate Bond Index	1.89%	(0.29)%	1.40%
S&P Target Date 2015 Index	9.24%	4.64%	6.28%
John Hancock 2015 Lifetime Index	10.13%	4.60%	6.51%

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$92,344,381
Total number of portfolio holdings	33
Total advisory fees paid (net)	$0
Portfolio turnover rate	20%

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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	46.1%
Fixed income	28.7%
Equity	17.4%
Unaffiliated investment companies	45.9%
Fixed income	26.5%
Equity	19.4%
U.S. Government and Agency obligations	8.1%
U.S. Government	8.1%
Short-term investments and other	(0.1%)

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

$\"TSR$

At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889430

429A-R6

8/26

10/26

John Hancock 2015 Lifetime Blend Portfolio

$\"Manulife$

John Hancock 2010 Lifetime Blend Portfolio

Class 1/JRLDX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock 2010 Lifetime Blend Portfolio (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)

\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund (Class)	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
2010 Lifetime Blend Portfolio (Class 1/JRLDX)	$18	0.17%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

2010 Lifetime Blend Portfolio (Class 1/JRLDX) returned 8.27% for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

Equity allocation | U.S. equities made a significant contribution to absolute performance, led by large cap equities. International developed market equities further helped results. Defensive equities also generated positive returns. The real assets portfolio was an additional contributor with strong returns for energy stocks, commodities, and the metals & mining sector.

TOP PERFORMANCE 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

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
2010 Lifetime Blend Portfolio (Class 1/JRLDX)	8.27%	3.93%	5.60%
Bloomberg U.S. Aggregate Bond Index	1.89%	(0.29)%	1.40%
S&P Target Date 2010 Index	8.49%	4.37%	5.78%
John Hancock 2010 Lifetime Index	8.78%	4.27%	5.94%

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$73,232,206
Total number of portfolio holdings	33
Total advisory fees paid (net)	$0
Portfolio turnover rate	31%

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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	43.0%
Fixed income	30.9%
Equity	12.1%
Unaffiliated investment companies	47.6%
Fixed income	29.4%
Equity	18.2%
U.S. Government and Agency obligations	9.4%
U.S. Government	9.4%

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

$\"Underlying$

At jhinvestments.com/underlying-funds, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889430

428A-1

8/26

10/26

John Hancock 2010 Lifetime Blend Portfolio

$\"Manulife$

John Hancock 2010 Lifetime Blend Portfolio

Class A/JHANX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock 2010 Lifetime Blend Portfolio (the fund) for the period of September 1, 2025 to August 31, 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 year ?

(Based on a hypothetical $10,000 investment)

\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund (Class)	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
2010 Lifetime Blend Portfolio (Class A/JHANX)	$55	0.53%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

2010 Lifetime Blend Portfolio (Class A/JHANX) returned 7.89% (excluding sales charges) for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

Equity allocation | U.S. equities made a significant contribution to absolute performance, led by large cap equities. International developed market equities further helped results. Defensive equities also generated positive returns. The real assets portfolio was an additional contributor with strong returns for energy stocks, commodities, and the metals & mining sector.

TOP PERFORMANCE 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

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
2010 Lifetime Blend Portfolio (Class A/JHANX)	2.51%	2.50%	4.87%
2010 Lifetime Blend Portfolio (Class A/JHANX)—excluding sales charge	7.89%	3.55%	5.41%
Bloomberg U.S. Aggregate Bond Index	1.89%	(0.29)%	1.40%
S&P Target Date 2010 Index	8.49%	4.37%	5.78%
John Hancock 2010 Lifetime Index	8.78%	4.27%	5.94%

\n\n\n\n\n\n\n\n\n\n\n


\n\n	\n Class A shares were first offered on 6-21-21. Returns prior to this date are those of Class 1 shares and have not been adjusted for class-specific expenses; otherwise, returns would vary. \n

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$73,232,206
Total number of portfolio holdings	33
Total advisory fees paid (net)	$0
Portfolio turnover rate	31%

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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	43.0%
Fixed income	30.9%
Equity	12.1%
Unaffiliated investment companies	47.6%
Fixed income	29.4%
Equity	18.2%
U.S. Government and Agency obligations	9.4%
U.S. Government	9.4%

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

$\"TSR$

At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889430

428A-A

8/26

10/26

John Hancock 2010 Lifetime Blend Portfolio

$\"Manulife$

John Hancock 2010 Lifetime Blend Portfolio

Class R4/JRLFX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock 2010 Lifetime Blend Portfolio (the fund) for the period of September 1, 2025 to August 31, 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 year ?

(Based on a hypothetical $10,000 investment)

\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund (Class)	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
2010 Lifetime Blend Portfolio (Class R4/JRLFX)	$29	0.28%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

2010 Lifetime Blend Portfolio (Class R4/JRLFX) returned 8.17% for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

Equity allocation | U.S. equities made a significant contribution to absolute performance, led by large cap equities. International developed market equities further helped results. Defensive equities also generated positive returns. The real assets portfolio was an additional contributor with strong returns for energy stocks, commodities, and the metals & mining sector.

TOP PERFORMANCE 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

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
2010 Lifetime Blend Portfolio (Class R4/JRLFX)	8.17%	3.78%	5.46%
Bloomberg U.S. Aggregate Bond Index	1.89%	(0.29)%	1.40%
S&P Target Date 2010 Index	8.49%	4.37%	5.78%
John Hancock 2010 Lifetime Index	8.78%	4.27%	5.94%

\n\n\n\n\n\n\n\n\n\n\n


\n\n	\n Class R4 shares ceased operations between 6-17-16 and 4-6-17. Returns while Class R4 shares were not offered are those of Class 1 shares and have not been adjusted for class-specific expenses; otherwise, returns would vary. \n

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$73,232,206
Total number of portfolio holdings	33
Total advisory fees paid (net)	$0
Portfolio turnover rate	31%

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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	43.0%
Fixed income	30.9%
Equity	12.1%
Unaffiliated investment companies	47.6%
Fixed income	29.4%
Equity	18.2%
U.S. Government and Agency obligations	9.4%
U.S. Government	9.4%

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

$\"TSR$

At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889430

428A-R4

8/26

10/26

John Hancock 2010 Lifetime Blend Portfolio

$\"Manulife$

John Hancock 2010 Lifetime Blend Portfolio

Class R6/JRLHX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock 2010 Lifetime Blend Portfolio (the fund) for the period of September 1, 2025 to August 31, 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 year ?

(Based on a hypothetical $10,000 investment)

\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund (Class)	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
2010 Lifetime Blend Portfolio (Class R6/JRLHX)	$13	0.12%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

2010 Lifetime Blend Portfolio (Class R6/JRLHX) returned 8.41% for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

Equity allocation | U.S. equities made a significant contribution to absolute performance, led by large cap equities. International developed market equities further helped results. Defensive equities also generated positive returns. The real assets portfolio was an additional contributor with strong returns for energy stocks, commodities, and the metals & mining sector.

TOP PERFORMANCE 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

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 $1,000,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

GROWTH OF $1,000,000

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
2010 Lifetime Blend Portfolio (Class R6/JRLHX)	8.41%	3.99%	5.66%
Bloomberg U.S. Aggregate Bond Index	1.89%	(0.29)%	1.40%
S&P Target Date 2010 Index	8.49%	4.37%	5.78%
John Hancock 2010 Lifetime Index	8.78%	4.27%	5.94%

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$73,232,206
Total number of portfolio holdings	33
Total advisory fees paid (net)	$0
Portfolio turnover rate	31%

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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	43.0%
Fixed income	30.9%
Equity	12.1%
Unaffiliated investment companies	47.6%
Fixed income	29.4%
Equity	18.2%
U.S. Government and Agency obligations	9.4%
U.S. Government	9.4%

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

$\"TSR$

At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889430

428A-R6

8/26

10/26

John Hancock 2010 Lifetime Blend Portfolio

$\"Manulife$

John Hancock Lifestyle Blend Aggressive Portfolio

Class 1/JIIOX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock Lifestyle Blend Aggressive Portfolio (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)

\n\n\n\n\n\n\n\n\n\n\n\n\n

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)	$33	0.30%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

Lifestyle Blend Aggressive Portfolio (Class 1/JIIOX) returned 21.65% for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

Equity allocation | U.S. equities made the most significant contribution to absolute performance, led by the fund’s sizable allocation to large caps. International developed market equities further helped results, as did emerging market stocks. The real assets portfolio was an additional contributor with strong returns for energy stocks, commodities, and the metals & mining sector.

Bond funds | The fixed-income allocation also contributed, albeit to a much lesser extent than equities due to its lower return and modest portfolio weighting.

TOP PERFORMANCE 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

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
Lifestyle Blend Aggressive Portfolio (Class 1/JIIOX)	21.65%	9.18%	11.42%
S&P 500 Index	20.38%	12.79%	15.37%
Morningstar U.S. Aggressive Target Allocation Index	19.39%	10.52%	12.74%
John Hancock Lifestyle Aggressive Index	22.90%	9.90%	12.10%

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$772,785,374
Total number of portfolio holdings	28
Total advisory fees paid (net)	$1,509,973
Portfolio turnover rate	15%

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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	61.9%
Equity	60.4%
Fixed income	1.5%
Unaffiliated investment companies	37.7%
Equity	36.6%
Fixed income	1.1%
U.S. Government and Agency obligations	0.4%
U.S. Government	0.4%

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

$\"Underlying$

At jhinvestments.com/underlying-funds, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889439

4042A-1

8/26

10/26

John Hancock Lifestyle Blend Aggressive Portfolio

$\"Manulife$

John Hancock Lifestyle Blend Aggressive Portfolio

Class A/JABQX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock Lifestyle Blend Aggressive Portfolio (the fund) for the period of September 1, 2025 to August 31, 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 year ?

(Based on a hypothetical $10,000 investment)

\n\n\n\n\n\n\n\n\n\n\n\n\n

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)	$73	0.66%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

Lifestyle Blend Aggressive Portfolio (Class A/JABQX) returned 21.21% (excluding sales charges) for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

Bond funds | The fixed-income allocation also contributed, albeit to a much lesser extent than equities due to its lower return and modest portfolio weighting.

TOP PERFORMANCE 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

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
Lifestyle Blend Aggressive Portfolio (Class A/JABQX)	15.16%	7.67%	10.63%
Lifestyle Blend Aggressive Portfolio (Class A/JABQX)—excluding sales charge	21.21%	8.78%	11.21%
S&P 500 Index	20.38%	12.79%	15.37%
Morningstar U.S. Aggressive Target Allocation Index	19.39%	10.52%	12.74%
John Hancock Lifestyle Aggressive Index	22.90%	9.90%	12.10%

\n\n\n\n\n\n\n\n\n\n\n


\n\n	\n Class A shares were first offered on 4-26-21. Returns prior to this date are those of Class 1 shares and have not been adjusted for class-specific expenses; otherwise, returns would vary. \n

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$772,785,374
Total number of portfolio holdings	28
Total advisory fees paid (net)	$1,509,973
Portfolio turnover rate	15%

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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	61.9%
Equity	60.4%
Fixed income	1.5%
Unaffiliated investment companies	37.7%
Equity	36.6%
Fixed income	1.1%
U.S. Government and Agency obligations	0.4%
U.S. Government	0.4%

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

$\"TSR$

At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889439

4042A-A

8/26

10/26

John Hancock Lifestyle Blend Aggressive Portfolio

$\"Manulife$

John Hancock Lifestyle Blend Aggressive Portfolio

Class R6/JIIRX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock Lifestyle Blend Aggressive Portfolio (the fund) for the period of September 1, 2025 to August 31, 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 year ?

(Based on a hypothetical $10,000 investment)

\n\n\n\n\n\n\n\n\n\n\n\n\n

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)	$29	0.26%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

Lifestyle Blend Aggressive Portfolio (Class R6/JIIRX) returned 21.68% for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

Bond funds | The fixed-income allocation also contributed, albeit to a much lesser extent than equities due to its lower return and modest portfolio weighting.

TOP PERFORMANCE 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

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 $1,000,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

GROWTH OF $1,000,000

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
Lifestyle Blend Aggressive Portfolio (Class R6/JIIRX)	21.68%	9.23%	11.47%
S&P 500 Index	20.38%	12.79%	15.37%
Morningstar U.S. Aggressive Target Allocation Index	19.39%	10.52%	12.74%
John Hancock Lifestyle Aggressive Index	22.90%	9.90%	12.10%

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$772,785,374
Total number of portfolio holdings	28
Total advisory fees paid (net)	$1,509,973
Portfolio turnover rate	15%

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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	61.9%
Equity	60.4%
Fixed income	1.5%
Unaffiliated investment companies	37.7%
Equity	36.6%
Fixed income	1.1%
U.S. Government and Agency obligations	0.4%
U.S. Government	0.4%

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

$\"TSR$

At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889439

4042A-R6

8/26

10/26

John Hancock Lifestyle Blend Aggressive Portfolio

$\"Manulife$

John Hancock Lifestyle Blend Growth Portfolio

Class 1/JLGOX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock Lifestyle Blend Growth Portfolio (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)

\n\n\n\n\n\n\n\n\n\n\n\n\n

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)	$36	0.33%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

Lifestyle Blend Growth Portfolio (Class 1/JLGOX) returned 18.19% for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

Bond funds | The fixed-income allocation also contributed, led by intermediate-term bonds and emerging markets debt.

TOP PERFORMANCE 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

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
Lifestyle Blend Growth Portfolio (Class 1/JLGOX)	18.19%	7.75%	9.75%
S&P 500 Index	20.38%	12.79%	15.37%
Morningstar U.S. Moderately Aggressive Target Allocation Index	16.60%	8.89%	10.94%
John Hancock Lifestyle Growth Index	19.41%	8.46%	10.59%

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$1,572,027,861
Total number of portfolio holdings	34
Total advisory fees paid (net)	$3,532,355
Portfolio turnover rate	15%

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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	57.9%
Equity	49.4%
Fixed income	8.5%
Unaffiliated investment companies	39.3%
Equity	32.8%
Fixed income	6.5%
U.S. Government and Agency obligations	2.8%
U.S. Government	2.8%

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

$\"Underlying$

At jhinvestments.com/underlying-funds, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889439

4052A-1

8/26

10/26

John Hancock Lifestyle Blend Growth Portfolio

$\"Manulife$

John Hancock Lifestyle Blend Growth Portfolio

Class A/JABPX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock Lifestyle Blend Growth Portfolio (the fund) for the period of September 1, 2025 to August 31, 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 year ?

(Based on a hypothetical $10,000 investment)

\n\n\n\n\n\n\n\n\n\n\n\n\n

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)	$75	0.69%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

Lifestyle Blend Growth Portfolio (Class A/JABPX) returned 17.73% (excluding sales charges) for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

Bond funds | The fixed-income allocation also contributed, led by intermediate-term bonds and emerging markets debt.

TOP PERFORMANCE 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

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
Lifestyle Blend Growth Portfolio (Class A/JABPX)	11.84%	6.27%	8.97%
Lifestyle Blend Growth Portfolio (Class A/JABPX)—excluding sales charge	17.73%	7.36%	9.53%
S&P 500 Index	20.38%	12.79%	15.37%
Morningstar U.S. Moderately Aggressive Target Allocation Index	16.60%	8.89%	10.94%
John Hancock Lifestyle Growth Index	19.41%	8.46%	10.59%

\n\n\n\n\n\n\n\n\n\n\n


\n\n	\n Class A shares were first offered on 4-26-21. Returns prior to this date are those of Class 1 shares and have not been adjusted for class-specific expenses; otherwise, returns would vary. \n

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$1,572,027,861
Total number of portfolio holdings	34
Total advisory fees paid (net)	$3,532,355
Portfolio turnover rate	15%

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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	57.9%
Equity	49.4%
Fixed income	8.5%
Unaffiliated investment companies	39.3%
Equity	32.8%
Fixed income	6.5%
U.S. Government and Agency obligations	2.8%
U.S. Government	2.8%

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

$\"TSR$

At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889439

4052A-A

8/26

10/26

John Hancock Lifestyle Blend Growth Portfolio

$\"Manulife$

John Hancock Lifestyle Blend Growth Portfolio

Class R6/JLGSX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock Lifestyle Blend Growth Portfolio (the fund) for the period of September 1, 2025 to August 31, 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 year ?

(Based on a hypothetical $10,000 investment)

\n\n\n\n\n\n\n\n\n\n\n\n\n

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)	$31	0.28%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

Lifestyle Blend Growth Portfolio (Class R6/JLGSX) returned 18.26% for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

Bond funds | The fixed-income allocation also contributed, led by intermediate-term bonds and emerging markets debt.

TOP PERFORMANCE 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

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 $1,000,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

GROWTH OF $1,000,000

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
Lifestyle Blend Growth Portfolio (Class R6/JLGSX)	18.26%	7.80%	9.80%
S&P 500 Index	20.38%	12.79%	15.37%
Morningstar U.S. Moderately Aggressive Target Allocation Index	16.60%	8.89%	10.94%
John Hancock Lifestyle Growth Index	19.41%	8.46%	10.59%

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$1,572,027,861
Total number of portfolio holdings	34
Total advisory fees paid (net)	$3,532,355
Portfolio turnover rate	15%

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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	57.9%
Equity	49.4%
Fixed income	8.5%
Unaffiliated investment companies	39.3%
Equity	32.8%
Fixed income	6.5%
U.S. Government and Agency obligations	2.8%
U.S. Government	2.8%

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

$\"TSR$

At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889439

4052A-R6

8/26

10/26

John Hancock Lifestyle Blend Growth Portfolio

$\"Manulife$

John Hancock Lifestyle Blend Balanced Portfolio

Class 1/JIBOX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock Lifestyle Blend Balanced Portfolio (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)

\n\n\n\n\n\n\n\n\n\n\n\n\n

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)	$37	0.35%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

Lifestyle Blend Balanced Portfolio (Class 1/JIBOX) returned 14.15% for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

Bond funds | The fixed-income allocation also contributed, led by intermediate-term bonds and emerging markets debt. Holdings in high yield bonds, bank loans, and short-term bonds aided returns as well.

TOP PERFORMANCE 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

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
Lifestyle Blend Balanced Portfolio (Class 1/JIBOX)	14.15%	5.91%	7.83%
S&P 500 Index	20.38%	12.79%	15.37%
Morningstar U.S. Moderate Target Allocation Index	13.14%	7.11%	9.07%
John Hancock Lifestyle Balanced Index	14.93%	6.23%	8.41%

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$1,565,441,438
Total number of portfolio holdings	35
Total advisory fees paid (net)	$3,891,189
Portfolio turnover rate	15%

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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	56.9%
Equity	37.9%
Fixed income	19.0%
Unaffiliated investment companies	38.1%
Equity	24.8%
Fixed income	13.3%
U.S. Government and Agency obligations	5.0%
U.S. Government	5.0%

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

$\"Underlying$

At jhinvestments.com/underlying-funds, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889439

4062A-1

8/26

10/26

John Hancock Lifestyle Blend Balanced Portfolio

$\"Manulife$

John Hancock Lifestyle Blend Balanced Portfolio

Class A/JABMX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock Lifestyle Blend Balanced Portfolio (the fund) for the period of September 1, 2025 to August 31, 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 year ?

(Based on a hypothetical $10,000 investment)

\n\n\n\n\n\n\n\n\n\n\n\n\n

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)	$76	0.71%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

Lifestyle Blend Balanced Portfolio (Class A/JABMX) returned 13.73% (excluding sales charges) for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

TOP PERFORMANCE 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

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
Lifestyle Blend Balanced Portfolio (Class A/JABMX)	8.03%	4.44%	7.08%
Lifestyle Blend Balanced Portfolio (Class A/JABMX)—excluding sales charge	13.73%	5.52%	7.63%
S&P 500 Index	20.38%	12.79%	15.37%
Morningstar U.S. Moderate Target Allocation Index	13.14%	7.11%	9.07%
John Hancock Lifestyle Balanced Index	14.93%	6.23%	8.41%

\n\n\n\n\n\n\n\n\n\n\n


\n\n	\n Class A shares were first offered on 4-26-21. Returns prior to this date are those of Class 1 shares and have not been adjusted for class-specific expenses; otherwise, returns would vary. \n

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$1,565,441,438
Total number of portfolio holdings	35
Total advisory fees paid (net)	$3,891,189
Portfolio turnover rate	15%

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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	56.9%
Equity	37.9%
Fixed income	19.0%
Unaffiliated investment companies	38.1%
Equity	24.8%
Fixed income	13.3%
U.S. Government and Agency obligations	5.0%
U.S. Government	5.0%

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

$\"TSR$

At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889439

4062A-A

8/26

10/26

John Hancock Lifestyle Blend Balanced Portfolio

$\"Manulife$

John Hancock Lifestyle Blend Balanced Portfolio

Class R6/JIBRX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock Lifestyle Blend Balanced Portfolio (the fund) for the period of September 1, 2025 to August 31, 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 year ?

(Based on a hypothetical $10,000 investment)

\n\n\n\n\n\n\n\n\n\n\n\n\n

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)	$33	0.31%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

Lifestyle Blend Balanced Portfolio (Class R6/JIBRX) returned 14.11% for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

TOP PERFORMANCE 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

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 $1,000,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

GROWTH OF $1,000,000

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
Lifestyle Blend Balanced Portfolio (Class R6/JIBRX)	14.11%	5.94%	7.87%
S&P 500 Index	20.38%	12.79%	15.37%
Morningstar U.S. Moderate Target Allocation Index	13.14%	7.11%	9.07%
John Hancock Lifestyle Balanced Index	14.93%	6.23%	8.41%

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$1,565,441,438
Total number of portfolio holdings	35
Total advisory fees paid (net)	$3,891,189
Portfolio turnover rate	15%

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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	56.9%
Equity	37.9%
Fixed income	19.0%
Unaffiliated investment companies	38.1%
Equity	24.8%
Fixed income	13.3%
U.S. Government and Agency obligations	5.0%
U.S. Government	5.0%

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

$\"TSR$

At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889439

4062A-R6

8/26

10/26

John Hancock Lifestyle Blend Balanced Portfolio

$\"Manulife$

John Hancock Lifestyle Blend Moderate Portfolio

Class 1/JLMOX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock Lifestyle Blend Moderate Portfolio (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)

\n\n\n\n\n\n\n\n\n\n\n\n\n

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)	$42	0.40%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

Lifestyle Blend Moderate Portfolio (Class 1/JLMOX) returned 10.04% for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

Bond funds | The fixed-income allocation also contributed, led by intermediate-term bonds and emerging markets debt. Holdings in high yield bonds, bank loans, short-term bonds, and short-term U.S. Treasury Inflation Protected Securities aided returns as well.

TOP PERFORMANCE 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

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
Lifestyle Blend Moderate Portfolio (Class 1/JLMOX)	10.04%	4.31%	5.90%
Bloomberg U.S. Aggregate Bond Index	1.89%	(0.29)%	1.40%
Morningstar U.S. Moderately Conservative Target Allocation Index	9.58%	4.86%	6.49%
John Hancock Lifestyle Moderate Index	10.70%	4.52%	6.41%

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$526,386,769
Total number of portfolio holdings	35
Total advisory fees paid (net)	$1,474,587
Portfolio turnover rate	17%

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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	52.8%
Fixed income	29.4%
Equity	23.4%
Unaffiliated investment companies	40.5%
Fixed income	21.1%
Equity	19.4%
U.S. Government and Agency obligations	6.7%
U.S. Government	6.7%

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

$\"Underlying$

At jhinvestments.com/underlying-funds, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889439

4072A-1

8/26

10/26

John Hancock Lifestyle Blend Moderate Portfolio

$\"Manulife$

John Hancock Lifestyle Blend Moderate Portfolio

Class A/JABKX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock Lifestyle Blend Moderate Portfolio (the fund) for the period of September 1, 2025 to August 31, 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 year ?

(Based on a hypothetical $10,000 investment)

\n\n\n\n\n\n\n\n\n\n\n\n\n

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)	$80	0.76%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

Lifestyle Blend Moderate Portfolio (Class A/JABKX) returned 9.65% (excluding sales charges) for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

TOP PERFORMANCE 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

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
Lifestyle Blend Moderate Portfolio (Class A/JABKX)	4.15%	2.88%	5.16%
Lifestyle Blend Moderate Portfolio (Class A/JABKX)—excluding sales charge	9.65%	3.94%	5.70%
Bloomberg U.S. Aggregate Bond Index	1.89%	(0.29)%	1.40%
Morningstar U.S. Moderately Conservative Target Allocation Index	9.58%	4.86%	6.49%
John Hancock Lifestyle Moderate Index	10.70%	4.52%	6.41%

\n\n\n\n\n\n\n\n\n\n\n


\n\n	\n Class A shares were first offered on 4-26-21. Returns prior to this date are those of Class 1 shares and have not been adjusted for class-specific expenses; otherwise, returns would vary. \n

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$526,386,769
Total number of portfolio holdings	35
Total advisory fees paid (net)	$1,474,587
Portfolio turnover rate	17%

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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	52.8%
Fixed income	29.4%
Equity	23.4%
Unaffiliated investment companies	40.5%
Fixed income	21.1%
Equity	19.4%
U.S. Government and Agency obligations	6.7%
U.S. Government	6.7%

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

$\"TSR$

At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889439

4072A-A

8/26

10/26

John Hancock Lifestyle Blend Moderate Portfolio

$\"Manulife$

John Hancock Lifestyle Blend Moderate Portfolio

Class R6/JLMRX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock Lifestyle Blend Moderate Portfolio (the fund) for the period of September 1, 2025 to August 31, 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 year ?

(Based on a hypothetical $10,000 investment)

\n\n\n\n\n\n\n\n\n\n\n\n\n

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)	$38	0.36%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

Lifestyle Blend Moderate Portfolio (Class R6/JLMRX) returned 10.18% for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

TOP PERFORMANCE 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

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 $1,000,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

GROWTH OF $1,000,000

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
Lifestyle Blend Moderate Portfolio (Class R6/JLMRX)	10.18%	4.37%	5.95%
Bloomberg U.S. Aggregate Bond Index	1.89%	(0.29)%	1.40%
Morningstar U.S. Moderately Conservative Target Allocation Index	9.58%	4.86%	6.49%
John Hancock Lifestyle Moderate Index	10.70%	4.52%	6.41%

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$526,386,769
Total number of portfolio holdings	35
Total advisory fees paid (net)	$1,474,587
Portfolio turnover rate	17%

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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	52.8%
Fixed income	29.4%
Equity	23.4%
Unaffiliated investment companies	40.5%
Fixed income	21.1%
Equity	19.4%
U.S. Government and Agency obligations	6.7%
U.S. Government	6.7%

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

$\"TSR$

At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889439

4072A-R6

8/26

10/26

John Hancock Lifestyle Blend Moderate Portfolio

$\"Manulife$

John Hancock Lifestyle Blend Conservative Portfolio

Class 1/JLCGX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock Lifestyle Blend Conservative Portfolio (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)

\n\n\n\n\n\n\n\n\n\n\n\n\n

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)	$44	0.43%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

Lifestyle Blend Conservative Portfolio (Class 1/JLCGX) returned 6.38% for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

Equity allocation | U.S. equities made the most significant contribution to absolute performance, led by large cap equities. International developed market equities further helped results, as did emerging market stocks. Defensive equities also generated positive returns.

Bond funds | The fixed-income allocation contributed positively, led by intermediate-term bonds and emerging markets debt. Holdings in high-yield bonds, bank loans, short-term bonds, and short-term U.S. Treasury Inflation Protected Securities aided returns as well.

TOP PERFORMANCE DETRACTORS

Specific positions | At a time of positive returns for most segments of the financial markets, none of the fund’s holdings detracted from absolute performance.

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

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
Lifestyle Blend Conservative Portfolio (Class 1/JLCGX)	6.38%	2.98%	4.17%
Bloomberg U.S. Aggregate Bond Index	1.89%	(0.29)%	1.40%
Morningstar U.S. Conservative Target Allocation Index	6.35%	2.97%	4.44%
John Hancock Lifestyle Conservative Index	6.58%	3.08%	4.53%

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$395,530,012
Total number of portfolio holdings	26
Total advisory fees paid (net)	$1,206,413
Portfolio turnover rate	19%

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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	49.7%
Fixed income	39.6%
Equity	10.1%
Unaffiliated investment companies	40.5%
Fixed income	28.3%
Equity	12.2%
U.S. Government and Agency obligations	9.8%
U.S. Government	9.8%

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

$\"Underlying$

At jhinvestments.com/underlying-funds, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889439

4082A-1

8/26

10/26

John Hancock Lifestyle Blend Conservative Portfolio

$\"Manulife$

John Hancock Lifestyle Blend Conservative Portfolio

Class A/JABJX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock Lifestyle Blend Conservative Portfolio (the fund) for the period of September 1, 2025 to August 31, 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 year ?

(Based on a hypothetical $10,000 investment)

\n\n\n\n\n\n\n\n\n\n\n\n\n

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)	$81	0.79%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

Lifestyle Blend Conservative Portfolio (Class A/JABJX) returned 6.00% (excluding sales charges) for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

TOP PERFORMANCE DETRACTORS

Specific positions | At a time of positive returns for most segments of the financial markets, none of the fund’s holdings detracted from absolute performance.

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

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
Lifestyle Blend Conservative Portfolio (Class A/JABJX)	0.68%	1.57%	3.44%
Lifestyle Blend Conservative Portfolio (Class A/JABJX)—excluding sales charge	6.00%	2.62%	3.97%
Bloomberg U.S. Aggregate Bond Index	1.89%	(0.29)%	1.40%
Morningstar U.S. Conservative Target Allocation Index	6.35%	2.97%	4.44%
John Hancock Lifestyle Conservative Index	6.58%	3.08%	4.53%

\n\n\n\n\n\n\n\n\n\n\n


\n\n	\n Class A shares were first offered on 4-26-21. Returns prior to this date are those of Class 1 shares and have not been adjusted for class-specific expenses; otherwise, returns would vary. \n

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$395,530,012
Total number of portfolio holdings	26
Total advisory fees paid (net)	$1,206,413
Portfolio turnover rate	19%

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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	49.7%
Fixed income	39.6%
Equity	10.1%
Unaffiliated investment companies	40.5%
Fixed income	28.3%
Equity	12.2%
U.S. Government and Agency obligations	9.8%
U.S. Government	9.8%

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

$\"TSR$

At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889439

4082A-A

8/26

10/26

John Hancock Lifestyle Blend Conservative Portfolio

$\"Manulife$

John Hancock Lifestyle Blend Conservative Portfolio

Class R6/JLCSX

Annual SHAREHOLDER REPORT | August 31, 2026

This annual shareholder report contains important information about the John Hancock Lifestyle Blend Conservative Portfolio (the fund) for the period of September 1, 2025 to August 31, 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 year ?

(Based on a hypothetical $10,000 investment)

\n\n\n\n\n\n\n\n\n\n\n\n\n

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)	$40	0.39%

Management’s Discussion of Fund Performance

SUMMARY OF RESULTS

Lifestyle Blend Conservative Portfolio (Class R6/JLCSX) returned 6.32% for the year ended August 31, 2026. Global equities produced sizable gains in the 12-month period that ended on August 31, 2026. Investors were encouraged by the favorable combination of healthy economic growth trends, robust corporate earnings, and generally supportive central bank policies, together with optimism about artificial intelligence. While technology stocks performed very well, the value style outpaced growth on a global basis and contributed meaningfully to the markets’ strong showing. Emerging market equities also posted outsized returns. Bonds registered more modest gains, led by credit-oriented investments. Income was the primary contributor to total returns for fixed income instruments, as prices came under pressure from concerns about persistent inflation, global conflicts, energy prices, and mounting government debt across the developed world.

TOP PERFORMANCE CONTRIBUTORS

TOP PERFORMANCE DETRACTORS

Specific positions | At a time of positive returns for most segments of the financial markets, none of the fund’s holdings detracted from absolute performance.

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 $1,000,000 initial investment in the fund and in an appropriate, broad-based securities market index for the same period.

GROWTH OF $1,000,000

$\"Fund$

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

AVERAGE ANNUAL TOTAL RETURN	1 Year	5 Years	10 Years
Lifestyle Blend Conservative Portfolio (Class R6/JLCSX)	6.32%	3.02%	4.21%
Bloomberg U.S. Aggregate Bond Index	1.89%	(0.29)%	1.40%
Morningstar U.S. Conservative Target Allocation Index	6.35%	2.97%	4.44%
John Hancock Lifestyle Conservative Index	6.58%	3.08%	4.53%

Fund Statistics

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Fund net assets	$395,530,012
Total number of portfolio holdings	26
Total advisory fees paid (net)	$1,206,413
Portfolio turnover rate	19%

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

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Affiliated investment companies	49.7%
Fixed income	39.6%
Equity	10.1%
Unaffiliated investment companies	40.5%
Fixed income	28.3%
Equity	12.2%
U.S. Government and Agency obligations	9.8%
U.S. Government	9.8%

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

$\"TSR$

At jhinvestments.com/documents, you can find additional information about the fund, including the fund’s:

\n
Prospectus
\n
\n
Financial information
\n
\n
Fund holdings
\n
\n
Proxy voting information
\n

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.

$\"Manulife$

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.

MF5889439

4082A-R6

8/26

10/26

John Hancock Lifestyle Blend Conservative Portfolio

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 $545,090 and $525,771 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 affiliated service provider internal controls reviews, security counts pursuant to Rule 17f-2 under the Investment Company Act of 1940, and a software licensing fee. Amounts billed to the registrant were $139,376 and $139,213 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 $56,178 and $55,620 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 $12,204 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 $1,124,605 for the fiscal year ended August 31, 2026 and $650,361 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 Lifetime Blend Portfolios

\n
John Hancock 2070 Lifetime Blend Portfolio
\n
\n
John Hancock 2065 Lifetime Blend Portfolio
\n
\n
John Hancock 2060 Lifetime Blend Portfolio
\n
\n
John Hancock 2055 Lifetime Blend Portfolio
\n
\n
John Hancock 2050 Lifetime Blend Portfolio
\n
\n
John Hancock 2045 Lifetime Blend Portfolio
\n
\n
John Hancock 2040 Lifetime Blend Portfolio
\n
\n
John Hancock 2035 Lifetime Blend Portfolio
\n
\n
John Hancock 2030 Lifetime Blend Portfolio
\n
\n
John Hancock 2025 Lifetime Blend Portfolio
\n
\n
John Hancock 2020 Lifetime Blend Portfolio
\n
\n
John Hancock 2015 Lifetime Blend Portfolio
\n
\n
John Hancock 2010 Lifetime Blend Portfolio
\n

John Hancock Lifestyle Blend Portfolios

\n
John Hancock Lifestyle Blend Aggressive Portfolio
\n
\n
John Hancock Lifestyle Blend Growth Portfolio
\n
\n
John Hancock Lifestyle Blend Balanced Portfolio
\n
\n
John Hancock Lifestyle Blend Moderate Portfolio
\n
\n
John Hancock Lifestyle Blend Conservative Portfolio
\n

\n $\"$ \n

Annual Financial Statements & Other N-CSR\nItems

John Hancock

Lifetime Blend Portfolios

Target date

August 31, 2026

John Hancock

Lifetime Blend Portfolios

Table of contents

\n\n\n\n\n\n\n\n

2\n	Portfolios’ investments\n
11\n	Financial statements\n
24\n	Financial highlights\n
37\n	Notes to financial statements\n
60\n	Report of independent registered public accounting firm\n
61\n	Tax information\n
62\n	Evaluation of advisory and subadvisory agreements by the Board of Trustees\n
70\n	Other N-CSR Items\n

1\n

JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | ANNUAL REPORT\n

\n\nTable of Contents\n\n

Portfolios’ investments

2070 LIFETIME BLEND PORTFOLIO

As of 8-31-26

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

\n	Shares or \nPrincipal \nAmount\n	Value\n
AFFILIATED INVESTMENT COMPANIES (A) - 61.8%\n	\n
Equity - 57.4%\n	\n	\n
International Strategic Equity Allocation, Class NAV, JHF II (MIM US) (B)\n	184,778\n	$2,675,585\n
U.S. Sector Rotation, Class NAV, JHF II (MIM US) (B)\n	199,195\n	3,023,783\n
Fixed income - 4.4%\n	\n	\n
Bond, Class NAV, JHSB (MIM US) (B)\n	26,289\n	349,647\n
Emerging Markets Debt, Class NAV, JHF II (MIM US) (B)\n	7,231\n	58,788\n
High Yield, Class NAV, JHBT (MIM US) (B)\n	11,050\n	33,260\n
\n
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost \n$5,566,850)\n	$6,141,063\n
UNAFFILIATED INVESTMENT COMPANIES - 37.8%\n	\n
Equity - 37.8%\n	\n	\n
Fidelity Mid Cap Index Fund\n	25,595\n	1,103,395\n
Fidelity Small Cap Index Fund\n	9,541\n	353,872\n
Vanguard FTSE Developed Markets ETF\n	7,286\n	531,295\n
Vanguard FTSE Emerging Markets ETF\n	4,438\n	268,588\n
Vanguard S&P 500 ETF\n	2,128\n	1,500,004\n
\n
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost \n$3,371,707)\n	$3,757,154\n
U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 0.3%\n	\n
U.S. Government - 0.3%\n	\n	\n
U.S. Treasury STRIPS, PO, 5.324%, 05/15/2055\n	$31,900\n	7,044\n
U.S. Treasury STRIPS, PO, 5.351%, 02/15/2054\n	36,300\n	8,495\n
U.S. Treasury STRIPS, PO, 5.390%, 11/15/2052\n	30,200\n	7,477\n
U.S. Treasury STRIPS, PO, 5.410%, 08/15/2051\n	17,000\n	4,478\n
\n
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost \n$30,478)\n	$27,494\n
SHORT-TERM INVESTMENTS - 0.3%\n	\n
Short-term funds - 0.3%\n	\n	\n
John Hancock Collateral Trust, 3.6571% (C)(D)\n	3,052\n	30,523\n
\n
TOTAL SHORT-TERM INVESTMENTS (Cost $28,161)\n	$30,523\n
Total investments (Cost $8,997,196) - 100.2%\n	$9,956,234\n
Other assets and liabilities, net - (0.2%)\n	(21,419)\n
TOTAL NET ASSETS - 100.0%\n	$9,934,815\n

2065 LIFETIME BLEND PORTFOLIO

As of 8-31-26

\n\n\n\n\n\n\n

\n	Shares or \nPrincipal \nAmount\n	Value\n
AFFILIATED INVESTMENT COMPANIES (A) - 61.7%\n	\n
Equity - 57.4%\n	\n	\n
International Strategic Equity Allocation, Class NAV, JHF II (MIM US) (B)\n	3,616,316\n	$52,364,258\n
U.S. Sector Rotation, Class NAV, JHF II (MIM US) (B)\n	3,898,329\n	59,176,634\n
Fixed income - 4.3%\n	\n	\n
Bond, Class NAV, JHSB (MIM US) (B)\n	504,231\n	6,706,273\n

2065 LIFETIME BLEND PORTFOLIO (continued)
\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

\n	Shares or \nPrincipal \nAmount\n	Value\n
Fixed income - (continued)\n	\n	\n
Emerging Markets Debt, Class NAV, JHF II (MIM US) (B)\n	139,090\n	$1,130,803\n
High Yield, Class NAV, JHBT (MIM US) (B)\n	212,546\n	639,764\n
\n
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost \n$91,867,107)\n	$120,017,732\n
UNAFFILIATED INVESTMENT COMPANIES - 37.9%\n	\n
Equity - 37.9%\n	\n	\n
Fidelity Mid Cap Index Fund\n	500,908\n	21,594,150\n
Fidelity Small Cap Index Fund\n	186,721\n	6,925,494\n
Vanguard FTSE Developed Markets ETF\n	142,957\n	10,424,424\n
Vanguard FTSE Emerging Markets ETF (E)\n	87,514\n	5,296,347\n
Vanguard S&P 500 ETF\n	41,793\n	29,459,466\n
\n
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost \n$54,865,032)\n	$73,699,881\n
COMMON STOCKS - 0.0%\n	\n
Consumer staples - 0.0%\n	\n	\n
China Huishan Dairy Holdings Company, Ltd. (F)(G)\n	300\n	0\n
ICA Gruppen AB (F)(G)\n	13\n	0\n
Health care - 0.0%\n	\n	\n
NMC Health PLC (F)(G)\n	9\n	0\n
Real estate - 0.0%\n	\n	\n
Dalian Wanda Commercial Properties Company, Ltd., H Shares (F)(G)(H)\n	240\n	723\n
Utilities - 0.0%\n	\n	\n
China Common Rich Renewable Energy Investments, Ltd. (F)(G)\n	1,216\n	0\n
\n
TOTAL COMMON STOCKS (Cost $303)\n	$723\n
U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 0.4%\n	\n
U.S. Government - 0.4%\n	\n	\n
U.S. Treasury STRIPS, PO, 5.324%, 05/15/2055\n	$987,700\n	218,089\n
U.S. Treasury STRIPS, PO, 5.351%, 02/15/2054\n	892,700\n	208,902\n
U.S. Treasury STRIPS, PO, 5.390%, 11/15/2052\n	764,200\n	189,210\n
U.S. Treasury STRIPS, PO, 5.410%, 08/15/2051\n	369,700\n	97,379\n
\n
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost \n$838,059)\n	$713,580\n
SHORT-TERM INVESTMENTS - 0.1%\n	\n
Short-term funds - 0.1%\n	\n	\n
John Hancock Collateral Trust, 3.6571% (C)(I)\n	16,752\n	167,509\n
\n
TOTAL SHORT-TERM INVESTMENTS (Cost $166,911)\n	$167,509\n
Total investments (Cost $147,737,412) - 100.1%\n	$194,599,425\n
Other assets and liabilities, net - (0.1%)\n	(156,940)\n
TOTAL NET ASSETS - 100.0%\n	$194,442,485\n

SEE NOTES TO FINANCIAL STATEMENTS\n

| JOHN HANCOCK LIFETIME BLEND PORTFOLIOS\n

2\n

\n\nTable of Contents\n\n

2060 LIFETIME BLEND PORTFOLIO

As of 8-31-26

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

\n	Shares or \nPrincipal \nAmount\n	Value\n
AFFILIATED INVESTMENT COMPANIES (A) - 61.7%\n	\n
Equity - 57.4%\n	\n	\n
International Strategic Equity Allocation, Class NAV, JHF II (MIM US) (B)\n	8,354,154\n	$120,968,143\n
U.S. Sector Rotation, Class NAV, JHF II (MIM US) (B)\n	9,002,850\n	136,663,269\n
Fixed income - 4.3%\n	\n	\n
Bond, Class NAV, JHSB (MIM US) (B)\n	1,147,832\n	15,266,159\n
Emerging Markets Debt, Class NAV, JHF II (MIM US) (B)\n	318,106\n	2,586,204\n
High Yield, Class NAV, JHBT (MIM US) (B)\n	486,104\n	1,463,172\n
\n
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost \n$199,360,169)\n	$276,946,947\n
UNAFFILIATED INVESTMENT COMPANIES - 37.9%\n	\n
Equity - 37.9%\n	\n	\n
Fidelity Mid Cap Index Fund\n	1,152,065\n	49,665,534\n
Fidelity Small Cap Index Fund\n	429,450\n	15,928,312\n
Vanguard FTSE Developed Markets ETF\n	329,573\n	24,032,463\n
Vanguard FTSE Emerging Markets ETF (E)\n	202,867\n	12,277,511\n
Vanguard S&P 500 ETF\n	96,602\n	68,093,784\n
\n
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost \n$115,406,775)\n	$169,997,604\n
COMMON STOCKS - 0.0%\n	\n
Consumer staples - 0.0%\n	\n	\n
China Huishan Dairy Holdings Company, Ltd. (F)(G)\n	2,326\n	0\n
ICA Gruppen AB (F)(G)\n	100\n	0\n
Health care - 0.0%\n	\n	\n
NMC Health PLC (F)(G)\n	73\n	0\n
Real estate - 0.0%\n	\n	\n
Dalian Wanda Commercial Properties Company, Ltd., H Shares (F)(G)(H)\n	1,860\n	5,606\n
Utilities - 0.0%\n	\n	\n
China Common Rich Renewable Energy Investments, Ltd. (F)(G)\n	9,419\n	0\n
\n
TOTAL COMMON STOCKS (Cost $2,348)\n	$5,606\n
U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 0.4%\n	\n
U.S. Government - 0.4%\n	\n	\n
U.S. Treasury STRIPS, PO, 5.324%, 05/15/2055\n	$2,439,300\n	538,608\n
U.S. Treasury STRIPS, PO, 5.351%, 02/15/2054\n	2,412,600\n	564,575\n
U.S. Treasury STRIPS, PO, 5.390%, 11/15/2052\n	2,042,800\n	505,781\n
U.S. Treasury STRIPS, PO, 5.410%, 08/15/2051\n	869,200\n	228,947\n
\n
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost \n$2,190,700)\n	$1,837,911\n
SHORT-TERM INVESTMENTS - 0.1%\n	\n
Short-term funds - 0.1%\n	\n	\n
John Hancock Collateral Trust, 3.6571% (C)(I)\n	28,370\n	283,702\n
\n
TOTAL SHORT-TERM INVESTMENTS (Cost $283,422)\n	$283,702\n
Total investments (Cost $317,243,414) - 100.1%\n	$449,071,770\n
Other assets and liabilities, net - (0.1%)\n	(307,462)\n
TOTAL NET ASSETS - 100.0%\n	$448,764,308\n

2055 LIFETIME BLEND PORTFOLIO

As of 8-31-26

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

\n	Shares or \nPrincipal \nAmount\n	Value\n
AFFILIATED INVESTMENT COMPANIES (A) - 61.7%\n	\n
Equity - 57.4%\n	\n	\n
International Strategic Equity Allocation, Class NAV, JHF II (MIM US) (B)\n	13,106,436\n	$189,781,196\n
U.S. Sector Rotation, Class NAV, JHF II (MIM US) (B)\n	14,067,853\n	213,550,010\n
Fixed income - 4.3%\n	\n	\n
Bond, Class NAV, JHSB (MIM US) (B)\n	1,801,808\n	23,964,040\n
Emerging Markets Debt, Class NAV, JHF II (MIM US) (B)\n	495,967\n	4,032,214\n
High Yield, Class NAV, JHBT (MIM US) (B)\n	757,896\n	2,281,268\n
\n
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost \n$306,926,771)\n	$433,608,728\n
UNAFFILIATED INVESTMENT COMPANIES - 37.9%\n	\n
Equity - 37.9%\n	\n	\n
Fidelity Mid Cap Index Fund\n	1,807,587\n	77,925,090\n
Fidelity Small Cap Index Fund\n	673,806\n	24,991,478\n
Vanguard FTSE Developed Markets ETF\n	517,142\n	37,709,995\n
Vanguard FTSE Emerging Markets ETF (E)\n	319,337\n	19,326,275\n
Vanguard S&P 500 ETF\n	150,949\n	106,402,443\n
\n
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost \n$175,395,588)\n	$266,355,281\n
COMMON STOCKS - 0.0%\n	\n
Consumer staples - 0.0%\n	\n	\n
China Huishan Dairy Holdings Company, Ltd. (F)(G)\n	4,869\n	0\n
ICA Gruppen AB (F)(G)\n	209\n	0\n
Health care - 0.0%\n	\n	\n
NMC Health PLC (F)(G)\n	153\n	0\n
Real estate - 0.0%\n	\n	\n
Dalian Wanda Commercial Properties Company, Ltd., H Shares (F)(G)(H)\n	3,894\n	11,737\n
Utilities - 0.0%\n	\n	\n
China Common Rich Renewable Energy Investments, Ltd. (F)(G)\n	19,720\n	0\n
\n
TOTAL COMMON STOCKS (Cost $4,917)\n	$11,737\n
U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 0.4%\n	\n
U.S. Government - 0.4%\n	\n	\n
U.S. Treasury STRIPS, PO, 5.324%, 05/15/2055\n	$3,783,800\n	835,480\n
U.S. Treasury STRIPS, PO, 5.351%, 02/15/2054\n	3,927,800\n	919,149\n
U.S. Treasury STRIPS, PO, 5.390%, 11/15/2052\n	3,274,000\n	810,616\n
U.S. Treasury STRIPS, PO, 5.410%, 08/15/2051\n	1,371,300\n	361,199\n
\n
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost \n$3,507,211)\n	$2,926,444\n
SHORT-TERM INVESTMENTS - 0.0%\n	\n
Short-term funds - 0.0%\n	\n	\n
John Hancock Collateral Trust, 3.6571% (C)(I)\n	36,360\n	363,601\n
\n
TOTAL SHORT-TERM INVESTMENTS (Cost $363,576)\n	$363,601\n
Total investments (Cost $486,198,063) - 100.0%\n	$703,265,791\n
Other assets and liabilities, net - (0.0%)\n	(351,421)\n
TOTAL NET ASSETS - 100.0%\n	$702,914,370\n

3\n

JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | \n

SEE NOTES TO FINANCIAL STATEMENTS\n

\n\nTable of Contents\n\n

2050 LIFETIME BLEND PORTFOLIO

As of 8-31-26

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

\n	Shares or \nPrincipal \nAmount\n	Value\n
AFFILIATED INVESTMENT COMPANIES (A) - 61.9%\n	\n
Equity - 57.1%\n	\n	\n
International Strategic Equity Allocation, Class NAV, JHF II (MIM US) (B)\n	16,504,486\n	$238,984,955\n
U.S. Sector Rotation, Class NAV, JHF II (MIM US) (B)\n	17,687,540\n	268,496,864\n
Fixed income - 4.8%\n	\n	\n
Bond, Class NAV, JHSB (MIM US) (B)\n	2,526,334\n	33,600,244\n
Emerging Markets Debt, Class NAV, JHF II (MIM US) (B)\n	675,205\n	5,489,416\n
High Yield, Class NAV, JHBT (MIM US) (B)\n	1,062,023\n	3,196,690\n
\n
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost \n$385,806,097)\n	$549,768,169\n
UNAFFILIATED INVESTMENT COMPANIES - 37.7%\n	\n
Equity - 37.7%\n	\n	\n
Fidelity Mid Cap Index Fund\n	2,244,169\n	96,746,112\n
Fidelity Small Cap Index Fund\n	838,190\n	31,088,484\n
iShares Global Infrastructure ETF\n	3,303\n	215,157\n
Vanguard Dividend Appreciation ETF\n	9,167\n	2,219,056\n
Vanguard Energy ETF\n	4,060\n	731,490\n
Vanguard FTSE Developed Markets ETF\n	651,137\n	47,480,910\n
Vanguard FTSE Emerging Markets ETF\n	400,669\n	24,248,488\n
Vanguard Global ex-U.S. Real Estate ETF\n	4,760\n	212,962\n
Vanguard Materials ETF\n	1,810\n	427,848\n
Vanguard Real Estate ETF\n	6,658\n	642,098\n
Vanguard S&P 500 ETF\n	185,066\n	130,451,171\n
\n
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost \n$217,617,722)\n	$334,463,776\n
COMMON STOCKS - 0.0%\n	\n
Consumer staples - 0.0%\n	\n	\n
China Huishan Dairy Holdings Company, Ltd. (F)(G)\n	6,675\n	0\n
ICA Gruppen AB (F)(G)\n	287\n	0\n
Health care - 0.0%\n	\n	\n
NMC Health PLC (F)(G)\n	209\n	0\n
Real estate - 0.0%\n	\n	\n
Dalian Wanda Commercial Properties Company, Ltd., H Shares (F)(G)(H)\n	5,335\n	16,080\n
Utilities - 0.0%\n	\n	\n
China Common Rich Renewable Energy Investments, Ltd. (F)(G)\n	27,032\n	0\n
\n
TOTAL COMMON STOCKS (Cost $6,739)\n	$16,080\n
U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 0.4%\n	\n
U.S. Government - 0.4%\n	\n	\n
U.S. Treasury STRIPS, PO, 5.324%, 05/15/2055\n	$4,920,200\n	1,086,402\n
U.S. Treasury STRIPS, PO, 5.351%, 02/15/2054\n	5,132,400\n	1,201,039\n
U.S. Treasury STRIPS, PO, 5.390%, 11/15/2052\n	4,277,800\n	1,059,149\n
U.S. Treasury STRIPS, PO, 5.410%, 08/15/2051\n	1,732,600\n	456,366\n
\n
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost \n$4,552,711)\n	$3,802,956\n

2050 LIFETIME BLEND PORTFOLIO (continued)
\n

\n\n\n\n\n\n\n\n\n\n

\n	Shares or \nPrincipal \nAmount\n	Value\n
\n
SHORT-TERM INVESTMENTS - 0.0%\n	\n
Short-term funds - 0.0%\n	\n	\n
John Hancock Collateral Trust, 3.6571% (C)(D)\n	1,333\n	$13,333\n
\n
TOTAL SHORT-TERM INVESTMENTS (Cost $13,332)\n	$13,333\n
Total investments (Cost $607,996,601) - 100.0%\n	$888,064,314\n
Other assets and liabilities, net - (0.0%)\n	(26,582)\n
TOTAL NET ASSETS - 100.0%\n	$888,037,732\n

2045 LIFETIME BLEND PORTFOLIO

As of 8-31-26

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

\n	Shares or \nPrincipal \nAmount\n	Value\n
AFFILIATED INVESTMENT COMPANIES (A) - 60.7%\n	\n
Equity - 54.0%\n	\n	\n
International Strategic Equity Allocation, Class NAV, JHF II (MIM US) (B)\n	18,491,356\n	$267,754,838\n
U.S. Sector Rotation, Class NAV, JHF II (MIM US) (B)\n	19,767,082\n	300,064,303\n
Fixed income - 6.7%\n	\n	\n
Bond, Class NAV, JHSB (MIM US) (B)\n	3,492,035\n	46,444,071\n
Emerging Markets Debt, Class NAV, JHF II (MIM US) (B)\n	1,777,671\n	14,452,466\n
High Yield, Class NAV, JHBT (MIM US) (B)\n	3,262,756\n	9,820,895\n
\n
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost \n$456,350,165)\n	$638,536,573\n
UNAFFILIATED INVESTMENT COMPANIES - 38.8%\n	\n
Equity - 34.4%\n	\n	\n
Fidelity Mid Cap Index Fund\n	2,295,530\n	98,960,318\n
Fidelity Small Cap Index Fund\n	853,143\n	31,643,077\n
iShares Global Infrastructure ETF\n	10,108\n	658,435\n
iShares MSCI Global Min Vol Factor ETF\n	49,177\n	6,260,232\n
Vanguard Dividend Appreciation ETF\n	23,231\n	5,623,528\n
Vanguard Energy ETF\n	12,426\n	2,238,792\n
Vanguard FTSE Developed Markets ETF\n	803,767\n	58,610,690\n
Vanguard FTSE Emerging Markets ETF (E)\n	289,316\n	17,509,404\n
Vanguard Global ex-U.S. Real Estate ETF\n	14,564\n	651,593\n
Vanguard Materials ETF\n	5,533\n	1,307,891\n
Vanguard Real Estate ETF\n	20,360\n	1,963,518\n
Vanguard S&P 500 ETF\n	192,494\n	135,687,096\n
Fixed income - 4.4%\n	\n	\n
Vanguard Total Bond Market ETF\n	639,796\n	46,218,863\n
\n
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost \n$280,373,704)\n	$407,333,437\n
COMMON STOCKS - 0.0%\n	\n
Consumer staples - 0.0%\n	\n	\n
China Huishan Dairy Holdings Company, Ltd. (F)(G)\n	8,519\n	0\n
ICA Gruppen AB (F)(G)\n	366\n	0\n
Health care - 0.0%\n	\n	\n
NMC Health PLC (F)(G)\n	267\n	0\n

SEE NOTES TO FINANCIAL STATEMENTS\n

| JOHN HANCOCK LIFETIME BLEND PORTFOLIOS\n

4\n

\n\nTable of Contents\n\n

2045 LIFETIME BLEND PORTFOLIO (continued)
\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

\n	Shares or \nPrincipal \nAmount\n	Value\n
Real estate - 0.0%\n	\n	\n
Dalian Wanda Commercial Properties Company, Ltd., H Shares (F)(G)(H)\n	6,811\n	$20,528\n
Utilities - 0.0%\n	\n	\n
China Common Rich Renewable Energy Investments, Ltd. (F)(G)\n	34,500\n	0\n
\n
TOTAL COMMON STOCKS (Cost $8,601)\n	$20,528\n
U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 0.6%\n	\n
U.S. Government - 0.6%\n	\n	\n
U.S. Treasury STRIPS, PO, 5.324%, 05/15/2055\n	$8,038,900\n	1,775,025\n
U.S. Treasury STRIPS, PO, 5.351%, 02/15/2054\n	8,129,400\n	1,902,371\n
U.S. Treasury STRIPS, PO, 5.390%, 11/15/2052\n	6,779,200\n	1,678,475\n
U.S. Treasury STRIPS, PO, 5.410%, 08/15/2051\n	2,875,100\n	757,299\n
\n
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost \n$7,300,653)\n	$6,113,170\n
SHORT-TERM INVESTMENTS - 0.0%\n	\n
Short-term funds - 0.0%\n	\n	\n
John Hancock Collateral Trust, 3.6571% (C)(I)\n	20,258\n	202,581\n
\n
TOTAL SHORT-TERM INVESTMENTS (Cost $202,559)\n	$202,581\n
Total investments (Cost $744,235,682) - 100.1%\n	$1,052,206,289\n
Other assets and liabilities, net - (0.1%)\n	(819,947)\n
TOTAL NET ASSETS - 100.0%\n	$1,051,386,342\n

2040 LIFETIME BLEND PORTFOLIO

As of 8-31-26

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

\n	Shares or \nPrincipal \nAmount\n	Value\n
AFFILIATED INVESTMENT COMPANIES (A) - 59.6%\n	\n
Equity - 48.1%\n	\n	\n
International Strategic Equity Allocation, Class NAV, JHF II (MIM US) (B)\n	17,503,611\n	$253,452,281\n
U.S. Sector Rotation, Class NAV, JHF II (MIM US) (B)\n	18,332,911\n	278,293,594\n
Fixed income - 11.5%\n	\n	\n
Bond, Class NAV, JHSB (MIM US) (B)\n	6,351,774\n	84,478,590\n
Emerging Markets Debt, Class NAV, JHF II (MIM US) (B)\n	3,024,736\n	24,591,103\n
High Yield, Class NAV, JHBT (MIM US) (B)\n	5,779,249\n	17,395,540\n
\n
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost \n$479,085,575)\n	$658,211,108\n
UNAFFILIATED INVESTMENT COMPANIES - 39.6%\n	\n
Equity - 32.0%\n	\n	\n
Fidelity Mid Cap Index Fund\n	2,034,461\n	87,705,616\n
Fidelity Small Cap Index Fund\n	759,856\n	28,183,050\n
iShares Global Infrastructure ETF\n	28,768\n	1,873,948\n
iShares MSCI Global Min Vol Factor ETF (E)\n	106,025\n	13,496,983\n
Vanguard Dividend Appreciation ETF (E)\n	36,881\n	8,927,784\n
Vanguard Energy ETF\n	35,341\n	6,367,388\n
Vanguard FTSE Developed Markets ETF\n	889,680\n	64,875,466\n
Vanguard FTSE Emerging Markets ETF\n	169,488\n	10,257,414\n
Vanguard Global ex-U.S. Real Estate ETF\n	41,449\n	1,854,428\n

2040 LIFETIME BLEND PORTFOLIO (continued)
\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

\n	Shares or \nPrincipal \nAmount\n	Value\n
Equity - (continued)\n	\n	\n
Vanguard Materials ETF\n	15,848\n	$3,746,150\n
Vanguard Real Estate ETF\n	57,921\n	5,585,900\n
Vanguard S&P 500 ETF\n	171,683\n	121,017,630\n
Fixed income - 7.6%\n	\n	\n
Vanguard Total Bond Market ETF\n	1,157,200\n	83,596,128\n
\n
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost \n$307,759,208)\n	$437,487,885\n
COMMON STOCKS - 0.0%\n	\n
Consumer staples - 0.0%\n	\n	\n
China Huishan Dairy Holdings Company, Ltd. (F)(G)\n	8,209\n	0\n
ICA Gruppen AB (F)(G)\n	353\n	0\n
Health care - 0.0%\n	\n	\n
NMC Health PLC (F)(G)\n	258\n	0\n
Real estate - 0.0%\n	\n	\n
Dalian Wanda Commercial Properties Company, Ltd., H Shares (F)(G)(H)\n	6,565\n	19,785\n
Utilities - 0.0%\n	\n	\n
China Common Rich Renewable Energy Investments, Ltd. (F)(G)\n	33,245\n	0\n
\n
TOTAL COMMON STOCKS (Cost $8,288)\n	$19,785\n
U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 0.8%\n	\n
U.S. Government - 0.8%\n	\n	\n
U.S. Treasury STRIPS, PO, 5.324%, 05/15/2055\n	$11,652,200\n	2,572,858\n
U.S. Treasury STRIPS, PO, 5.351%, 02/15/2054\n	11,962,100\n	2,799,266\n
U.S. Treasury STRIPS, PO, 5.390%, 11/15/2052\n	9,970,600\n	2,468,640\n
U.S. Treasury STRIPS, PO, 5.410%, 08/15/2051\n	3,930,000\n	1,035,159\n
\n
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost \n$10,652,008)\n	$8,875,923\n
SHORT-TERM INVESTMENTS - 0.2%\n	\n
Short-term funds - 0.2%\n	\n	\n
John Hancock Collateral Trust, 3.6571% (C)(I)\n	209,648\n	2,096,459\n
\n
TOTAL SHORT-TERM INVESTMENTS (Cost $2,096,379)\n	$2,096,459\n
Total investments (Cost $799,601,458) - 100.2%\n	$1,106,691,160\n
Other assets and liabilities, net - (0.2%)\n	(2,107,497)\n
TOTAL NET ASSETS - 100.0%\n	$1,104,583,663\n

2035 LIFETIME BLEND PORTFOLIO

As of 8-31-26

\n\n\n\n\n\n\n

\n	Shares or \nPrincipal \nAmount\n	Value\n
AFFILIATED INVESTMENT COMPANIES (A) - 58.6%\n	\n
Equity - 42.6%\n	\n	\n
International Strategic Equity Allocation, Class NAV, JHF II (MIM US) (B)\n	16,842,465\n	$243,878,891\n
U.S. Sector Rotation, Class NAV, JHF II (MIM US) (B)\n	19,595,890\n	297,465,614\n
Fixed income - 16.0%\n	\n	\n
Bond, Class NAV, JHSB (MIM US) (B)\n	9,938,794\n	132,185,960\n

5\n

JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | \n

SEE NOTES TO FINANCIAL STATEMENTS\n

\n\nTable of Contents\n\n

2035 LIFETIME BLEND PORTFOLIO (continued)
\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

\n	Shares or \nPrincipal \nAmount\n	Value\n
Fixed income - (continued)\n	\n	\n
Emerging Markets Debt, Class NAV, JHF II (MIM US) (B)\n	4,674,063\n	$38,000,130\n
Global Senior Loan ETF, JHETF (CQS) (B)\n	271,521\n	6,675,344\n
High Yield, Class NAV, JHBT (MIM US) (B)\n	9,024,736\n	27,164,457\n
\n
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost \n$562,328,727)\n	$745,370,396\n
UNAFFILIATED INVESTMENT COMPANIES - 39.4%\n	\n
Equity - 28.2%\n	\n	\n
Fidelity Mid Cap Index Fund\n	1,899,337\n	81,880,423\n
Fidelity Small Cap Index Fund\n	724,925\n	26,887,455\n
iShares Global Infrastructure ETF\n	48,370\n	3,150,822\n
iShares MSCI Global Min Vol Factor ETF (E)\n	176,416\n	22,457,757\n
Vanguard Dividend Appreciation ETF\n	61,078\n	14,785,151\n
Vanguard Energy ETF\n	59,610\n	10,739,934\n
Vanguard FTSE Developed Markets ETF\n	1,088,198\n	79,351,398\n
Vanguard FTSE Emerging Markets ETF (E)\n	172,763\n	10,455,617\n
Vanguard Global ex-U.S. Real Estate ETF\n	69,900\n	3,127,326\n
Vanguard Materials ETF\n	26,813\n	6,338,057\n
Vanguard Real Estate ETF\n	97,392\n	9,392,484\n
Vanguard S&P 500 ETF\n	127,985\n	90,215,347\n
Fixed income - 11.2%\n	\n	\n
Vanguard Short-Term Corporate Bond ETF\n	118,099\n	9,274,314\n
Vanguard Total Bond Market ETF\n	1,829,471\n	132,160,985\n
\n
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost \n$374,406,844)\n	$500,217,070\n
COMMON STOCKS - 0.0%\n	\n
Consumer staples - 0.0%\n	\n	\n
China Huishan Dairy Holdings Company, Ltd. (F)(G)\n	8,783\n	0\n
ICA Gruppen AB (F)(G)\n	377\n	0\n
Health care - 0.0%\n	\n	\n
NMC Health PLC (F)(G)\n	276\n	0\n
Real estate - 0.0%\n	\n	\n
Dalian Wanda Commercial Properties Company, Ltd., H Shares (F)(G)(H)\n	7,026\n	21,177\n
Utilities - 0.0%\n	\n	\n
China Common Rich Renewable Energy Investments, Ltd. (F)(G)\n	35,571\n	0\n
\n
TOTAL COMMON STOCKS (Cost $8,869)\n	$21,177\n
U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 2.0%\n	\n
U.S. Government - 2.0%\n	\n	\n
U.S. Treasury Inflation Protected Security, 1.250%, 04/15/2028\n	$3,000,522\n	2,949,102\n
U.S. Treasury Inflation Protected Security, 1.250%, 04/15/2031\n	1,306,685\n	1,254,927\n
U.S. Treasury Inflation Protected Security, 1.625%, 04/15/2030\n	5,506,097\n	5,406,310\n
U.S. Treasury Inflation Protected Security, 2.125%, 04/15/2029\n	4,562,263\n	4,556,706\n
U.S. Treasury STRIPS, PO, 5.324%, 05/15/2055\n	15,294,300\n	3,377,049\n
U.S. Treasury STRIPS, PO, 5.351%, 02/15/2054\n	16,025,000\n	3,750,030\n

2035 LIFETIME BLEND PORTFOLIO (continued)
\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n

\n	Shares or \nPrincipal \nAmount\n	Value\n
U.S. Government - (continued)\n	\n	\n
U.S. Treasury STRIPS, PO, 5.390%, 11/15/2052\n	13,357,300\n	$3,307,160\n
U.S. Treasury STRIPS, PO, 5.410%, 08/15/2051\n	5,135,100\n	1,352,581\n
\n
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost \n$28,504,991)\n	$25,953,865\n
SHORT-TERM INVESTMENTS - 0.3%\n	\n
Short-term funds - 0.3%\n	\n	\n
John Hancock Collateral Trust, 3.6571% (C)(I)\n	377,115\n	3,771,115\n
\n
TOTAL SHORT-TERM INVESTMENTS (Cost $3,771,372)\n	$3,771,115\n
Total investments (Cost $969,020,803) - 100.3%\n	$1,275,333,623\n
Other assets and liabilities, net - (0.3%)\n	(4,019,102)\n
TOTAL NET ASSETS - 100.0%\n	$1,271,314,521\n

2030 LIFETIME BLEND PORTFOLIO

As of 8-31-26

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

\n	Shares or \nPrincipal \nAmount\n	Value\n
AFFILIATED INVESTMENT COMPANIES (A) - 55.3%\n	\n
Equity - 35.3%\n	\n	\n
International Strategic Equity Allocation, Class NAV, JHF II (MIM US) (B)\n	12,904,988\n	$186,864,220\n
U.S. Sector Rotation, Class NAV, JHF II (MIM US) (B)\n	15,788,019\n	239,662,135\n
Fixed income - 20.0%\n	\n	\n
Bond, Class NAV, JHSB (MIM US) (B)\n	10,699,498\n	142,303,318\n
Emerging Markets Debt, Class NAV, JHF II (MIM US) (B)\n	6,231,039\n	50,658,344\n
Global Senior Loan ETF, JHETF (CQS) (B)\n	610,632\n	15,012,388\n
High Yield, Class NAV, JHBT (MIM US) (B)\n	10,931,765\n	32,904,613\n
\n
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost \n$518,574,792)\n	$667,405,018\n
UNAFFILIATED INVESTMENT COMPANIES - 41.0%\n	\n
Equity - 24.4%\n	\n	\n
Fidelity Mid Cap Index Fund\n	1,381,284\n	59,547,148\n
Fidelity Small Cap Index Fund\n	555,842\n	20,616,181\n
iShares Global Infrastructure ETF\n	60,535\n	3,943,250\n
iShares MSCI Global Min Vol Factor ETF\n	205,531\n	26,164,096\n
Vanguard Dividend Appreciation ETF\n	71,368\n	17,276,052\n
Vanguard Energy ETF\n	75,281\n	13,563,378\n
Vanguard FTSE Developed Markets ETF\n	964,487\n	70,330,392\n
Vanguard FTSE Emerging Markets ETF (E)\n	144,267\n	8,731,039\n
Vanguard Global ex-U.S. Real Estate ETF\n	87,515\n	3,915,421\n
Vanguard Materials ETF\n	33,862\n	8,004,300\n
Vanguard Real Estate ETF\n	121,915\n	11,757,481\n
Vanguard S&P 500 ETF\n	72,965\n	51,432,299\n
Fixed income - 16.6%\n	\n	\n
Vanguard Short-Term Corporate Bond ETF\n	739,286\n	58,056,130\n
Vanguard Total Bond Market ETF\n	1,969,494\n	142,276,248\n
\n
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost \n$400,257,475)\n	$495,613,415\n

SEE NOTES TO FINANCIAL STATEMENTS\n

| JOHN HANCOCK LIFETIME BLEND PORTFOLIOS\n

6\n

\n\nTable of Contents\n\n

2030 LIFETIME BLEND PORTFOLIO (continued)
\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

\n	Shares or \nPrincipal \nAmount\n	Value\n
\n
COMMON STOCKS - 0.0%\n	\n
Consumer staples - 0.0%\n	\n	\n
China Huishan Dairy Holdings Company, Ltd. (F)(G)\n	7,871\n	$0\n
ICA Gruppen AB (F)(G)\n	338\n	0\n
Health care - 0.0%\n	\n	\n
NMC Health PLC (F)(G)\n	247\n	0\n
Real estate - 0.0%\n	\n	\n
Dalian Wanda Commercial Properties Company, Ltd., H Shares (F)(G)(H)\n	6,295\n	18,972\n
Utilities - 0.0%\n	\n	\n
China Common Rich Renewable Energy Investments, Ltd. (F)(G)\n	31,878\n	0\n
\n
TOTAL COMMON STOCKS (Cost $7,947)\n	$18,972\n
U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 3.7%\n	\n
U.S. Government - 3.7%\n	\n	\n
U.S. Treasury Inflation Protected Security, 1.250%, 04/15/2028\n	$7,073,111\n	6,951,901\n
U.S. Treasury Inflation Protected Security, 1.250%, 04/15/2031\n	3,077,314\n	2,955,421\n
U.S. Treasury Inflation Protected Security, 1.625%, 04/15/2030\n	12,942,616\n	12,708,058\n
U.S. Treasury Inflation Protected Security, 2.125%, 04/15/2029\n	10,724,898\n	10,711,834\n
U.S. Treasury STRIPS, PO, 5.324%, 05/15/2055\n	14,234,500\n	3,143,041\n
U.S. Treasury STRIPS, PO, 5.351%, 02/15/2054\n	15,192,200\n	3,555,145\n
U.S. Treasury STRIPS, PO, 5.390%, 11/15/2052\n	12,664,500\n	3,135,628\n
U.S. Treasury STRIPS, PO, 5.410%, 08/15/2051\n	4,600,900\n	1,211,874\n
\n
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost \n$47,132,342)\n	$44,372,902\n
SHORT-TERM INVESTMENTS - 0.0%\n	\n
Short-term funds - 0.0%\n	\n	\n
John Hancock Collateral Trust, 3.6571% (C)(I)\n	36,879\n	368,788\n
\n
TOTAL SHORT-TERM INVESTMENTS (Cost $368,803)\n	$368,788\n
Total investments (Cost $966,341,359) - 100.0%\n	$1,207,779,095\n
Other assets and liabilities, net - (0.0%)\n	(220,856)\n
TOTAL NET ASSETS - 100.0%\n	$1,207,558,239\n

2025 LIFETIME BLEND PORTFOLIO

As of 8-31-26

\n\n\n\n\n\n\n\n

\n	Shares or \nPrincipal \nAmount\n	Value\n
AFFILIATED INVESTMENT COMPANIES (A) - 54.3%\n	\n
Equity - 30.0%\n	\n	\n
International Strategic Equity Allocation, Class NAV, JHF II (MIM US) (B)\n	7,685,025\n	$111,279,155\n
U.S. Sector Rotation, Class NAV, JHF II (MIM US) (B)\n	8,983,097\n	136,363,407\n
Fixed income - 24.3%\n	\n	\n
Bond, Class NAV, JHSB (MIM US) (B)\n	8,580,525\n	114,120,986\n
Emerging Markets Debt, Class NAV, JHF II (MIM US) (B)\n	5,189,651\n	42,191,865\n

2025 LIFETIME BLEND PORTFOLIO (continued)
\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

\n	Shares or \nPrincipal \nAmount\n	Value\n
Fixed income - (continued)\n	\n	\n
Global Senior Loan ETF, JHETF (CQS) (B)\n	662,548\n	$16,288,743\n
High Yield, Class NAV, JHBT (MIM US) (B)\n	9,105,480\n	27,407,494\n
\n
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost \n$363,891,204)\n	$447,651,650\n
UNAFFILIATED INVESTMENT COMPANIES - 40.5%\n	\n
Equity - 19.9%\n	\n	\n
Fidelity Mid Cap Index Fund\n	686,393\n	29,590,396\n
Fidelity Small Cap Index Fund\n	290,513\n	10,775,116\n
iShares Global Infrastructure ETF\n	46,547\n	3,032,072\n
iShares MSCI Global Min Vol Factor ETF (E)\n	157,439\n	20,041,985\n
Vanguard Dividend Appreciation ETF\n	55,011\n	13,316,513\n
Vanguard Energy ETF\n	56,893\n	10,250,412\n
Vanguard FTSE Developed Markets ETF\n	430,589\n	31,398,550\n
Vanguard Global ex-U.S. Real Estate ETF\n	67,066\n	3,000,533\n
Vanguard Materials ETF (E)\n	25,486\n	6,024,381\n
Vanguard Real Estate ETF\n	93,748\n	9,041,054\n
Vanguard S&P 500 ETF\n	38,155\n	26,895,078\n
Fixed income - 20.6%\n	\n	\n
Vanguard Short-Term Corporate Bond ETF (E)\n	652,151\n	51,213,418\n
Vanguard Total Bond Market ETF\n	1,643,394\n	118,718,784\n
\n
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost \n$282,328,093)\n	$333,298,292\n
COMMON STOCKS - 0.0%\n	\n
Consumer staples - 0.0%\n	\n	\n
China Huishan Dairy Holdings Company, Ltd. (F)(G)\n	5,304\n	0\n
ICA Gruppen AB (F)(G)\n	228\n	0\n
Health care - 0.0%\n	\n	\n
NMC Health PLC (F)(G)\n	166\n	0\n
Real estate - 0.0%\n	\n	\n
Dalian Wanda Commercial Properties Company, Ltd., H Shares (F)(G)(H)\n	4,242\n	12,786\n
Utilities - 0.0%\n	\n	\n
China Common Rich Renewable Energy Investments, Ltd. (F)(G)\n	21,481\n	0\n
\n
TOTAL COMMON STOCKS (Cost $5,355)\n	$12,786\n
U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 5.2%\n	\n
U.S. Government - 5.2%\n	\n	\n
U.S. Treasury Inflation Protected Security, 1.250%, 04/15/2028\n	$7,783,406\n	7,650,024\n
U.S. Treasury Inflation Protected Security, 1.250%, 04/15/2031\n	3,385,824\n	3,251,711\n
U.S. Treasury Inflation Protected Security, 1.625%, 04/15/2030\n	14,131,780\n	13,875,670\n
U.S. Treasury Inflation Protected Security, 2.125%, 04/15/2029\n	11,711,187\n	11,696,922\n
U.S. Treasury STRIPS, PO, 5.324%, 05/15/2055\n	7,738,400\n	1,708,673\n
U.S. Treasury STRIPS, PO, 5.351%, 02/15/2054\n	8,497,100\n	1,988,417\n
U.S. Treasury STRIPS, PO, 5.390%, 11/15/2052\n	7,084,900\n	1,754,164\n
U.S. Treasury STRIPS, PO, 5.410%, 08/15/2051\n	2,519,200\n	663,555\n

7\n

JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | \n

SEE NOTES TO FINANCIAL STATEMENTS\n

\n\nTable of Contents\n\n

2025 LIFETIME BLEND PORTFOLIO (continued)
\n

\n\n\n\n\n\n\n\n\n\n\n

\n	Shares or \nPrincipal \nAmount\n	Value\n
\n
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost \n$44,375,036)\n	$42,589,136\n
SHORT-TERM INVESTMENTS - 3.3%\n	\n
Short-term funds - 3.3%\n	\n	\n
John Hancock Collateral Trust, 3.6571% (C)(I)\n	2,735,895\n	$27,358,674\n
\n
TOTAL SHORT-TERM INVESTMENTS (Cost $27,358,911)\n	$27,358,674\n
Total investments (Cost $717,958,599) - 103.3%\n	$850,910,538\n
Other assets and liabilities, net - (3.3%)\n	(27,156,715)\n
TOTAL NET ASSETS - 100.0%\n	$823,753,823\n

2020 LIFETIME BLEND PORTFOLIO

As of 8-31-26

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

\n	Shares or \nPrincipal \nAmount\n	Value\n
AFFILIATED INVESTMENT COMPANIES (A) - 50.0%\n	\n
Equity - 23.4%\n	\n	\n
International Strategic Equity Allocation, Class NAV, JHF II (MIM US) (B)\n	2,084,422\n	$30,182,437\n
U.S. Sector Rotation, Class NAV, JHF II (MIM US) (B)\n	3,258,544\n	49,464,696\n
Fixed income - 26.6%\n	\n	\n
Bond, Class NAV, JHSB (MIM US) (B)\n	3,828,568\n	50,919,948\n
Emerging Markets Debt, Class NAV, JHF II (MIM US) (B)\n	2,258,109\n	18,358,427\n
Global Senior Loan ETF, JHETF (CQS) (B)\n	373,555\n	9,183,850\n
High Yield, Class NAV, JHBT (MIM US) (B)\n	3,987,430\n	12,002,166\n
\n
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost \n$143,369,692)\n	$170,111,524\n
UNAFFILIATED INVESTMENT COMPANIES - 43.4%\n	\n
Equity - 19.9%\n	\n	\n
Fidelity Mid Cap Index Fund\n	205,931\n	8,877,676\n
Fidelity Small Cap Index Fund\n	87,011\n	3,227,223\n
iShares Global Infrastructure ETF\n	19,157\n	1,247,887\n
iShares MSCI Global Min Vol Factor ETF\n	65,499\n	8,338,023\n
Vanguard Dividend Appreciation ETF\n	22,619\n	5,475,381\n
Vanguard Energy ETF\n	23,606\n	4,253,093\n
Vanguard FTSE Developed Markets ETF\n	287,663\n	20,976,386\n
Vanguard Global ex-U.S. Real Estate ETF\n	27,775\n	1,242,654\n
Vanguard Materials ETF\n	10,539\n	2,491,209\n
Vanguard Real Estate ETF\n	38,557\n	3,718,438\n
Vanguard S&P 500 ETF\n	11,384\n	8,024,468\n
Fixed income - 23.5%\n	\n	\n
Vanguard Short-Term Corporate Bond ETF\n	349,113\n	27,415,844\n
Vanguard Total Bond Market ETF\n	726,409\n	52,475,787\n
\n
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost \n$125,617,358)\n	$147,764,069\n
COMMON STOCKS - 0.0%\n	\n
Consumer staples - 0.0%\n	\n	\n
China Huishan Dairy Holdings Company, Ltd. (F)(G)\n	1,639\n	0\n
ICA Gruppen AB (F)(G)\n	70\n	0\n

2020 LIFETIME BLEND PORTFOLIO (continued)
\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

\n	Shares or \nPrincipal \nAmount\n	Value\n
Health care - 0.0%\n	\n	\n
NMC Health PLC (F)(G)\n	51\n	$0\n
Real estate - 0.0%\n	\n	\n
Dalian Wanda Commercial Properties Company, Ltd., H Shares (F)(G)(H)\n	1,309\n	3,944\n
Utilities - 0.0%\n	\n	\n
China Common Rich Renewable Energy Investments, Ltd. (F)(G)\n	6,637\n	0\n
\n
TOTAL COMMON STOCKS (Cost $1,655)\n	$3,944\n
U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 6.6%\n	\n
U.S. Government - 6.6%\n	\n	\n
U.S. Treasury Inflation Protected Security, 1.250%, 04/15/2028\n	$4,392,273\n	4,317,003\n
U.S. Treasury Inflation Protected Security, 1.250%, 04/15/2031\n	1,910,180\n	1,834,518\n
U.S. Treasury Inflation Protected Security, 1.625%, 04/15/2030\n	7,995,009\n	7,850,115\n
U.S. Treasury Inflation Protected Security, 2.125%, 04/15/2029\n	6,625,005\n	6,616,935\n
U.S. Treasury STRIPS, PO, 5.324%, 05/15/2055\n	2,368,400\n	522,953\n
U.S. Treasury STRIPS, PO, 5.351%, 02/15/2054\n	2,601,300\n	608,733\n
U.S. Treasury STRIPS, PO, 5.390%, 11/15/2052\n	2,168,400\n	536,878\n
U.S. Treasury STRIPS, PO, 5.410%, 08/15/2051\n	742,300\n	195,521\n
\n
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost \n$23,154,881)\n	$22,482,656\n
SHORT-TERM INVESTMENTS - 0.0%\n	\n
Short-term funds - 0.0%\n	\n	\n
John Hancock Collateral Trust, 3.6571% (C)(D)\n	127\n	1,269\n
\n
TOTAL SHORT-TERM INVESTMENTS (Cost $1,268)\n	$1,269\n
Total investments (Cost $292,144,854) - 100.0%\n	$340,363,462\n
Other assets and liabilities, net - (0.0%)\n	(15,104)\n
TOTAL NET ASSETS - 100.0%\n	$340,348,358\n

2015 LIFETIME BLEND PORTFOLIO

As of 8-31-26

\n\n\n\n\n\n\n\n\n\n\n\n

\n	Shares or \nPrincipal \nAmount\n	Value\n
AFFILIATED INVESTMENT COMPANIES (A) - 46.1%\n	\n
Equity - 17.4%\n	\n	\n
International Strategic Equity Allocation, Class NAV, JHF II (MIM US) (B)\n	367,305\n	$5,318,575\n
U.S. Sector Rotation, Class NAV, JHF II (MIM US) (B)\n	706,804\n	10,729,291\n
Fixed income - 28.7%\n	\n	\n
Bond, Class NAV, JHSB (MIM US) (B)\n	1,115,290\n	14,833,358\n
Emerging Markets Debt, Class NAV, JHF II (MIM US) (B)\n	637,830\n	5,185,557\n
Global Senior Loan ETF, JHETF (CQS) (B)\n	128,432\n	3,157,501\n
High Yield, Class NAV, JHBT (MIM US) (B)\n	1,108,319\n	3,336,040\n
\n
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost \n$36,569,731)\n	$42,560,322\n

SEE NOTES TO FINANCIAL STATEMENTS\n

| JOHN HANCOCK LIFETIME BLEND PORTFOLIOS\n

8\n

\n\nTable of Contents\n\n

2015 LIFETIME BLEND PORTFOLIO (continued)
\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

\n	Shares or \nPrincipal \nAmount\n	Value\n
\n
UNAFFILIATED INVESTMENT COMPANIES - 45.9%\n	\n
Equity - 19.4%\n	\n	\n
Fidelity Mid Cap Index Fund\n	35,314\n	$1,522,388\n
Fidelity Small Cap Index Fund\n	16,840\n	624,607\n
iShares Global Infrastructure ETF\n	5,258\n	342,506\n
iShares MSCI Global Min Vol Factor ETF\n	17,701\n	2,253,337\n
Vanguard Dividend Appreciation ETF\n	6,185\n	1,497,203\n
Vanguard Energy ETF\n	6,427\n	1,157,953\n
Vanguard FTSE Developed Markets ETF\n	79,407\n	5,790,358\n
Vanguard Global ex-U.S. Real Estate ETF\n	7,547\n	337,653\n
Vanguard Materials ETF\n	2,864\n	676,992\n
Vanguard Real Estate ETF\n	10,532\n	1,015,706\n
Vanguard S&P 500 ETF\n	3,871\n	2,728,629\n
Fixed income - 26.5%\n	\n	\n
Vanguard Short-Term Corporate Bond ETF\n	114,647\n	9,003,229\n
Vanguard Total Bond Market ETF\n	213,736\n	15,440,289\n
\n
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost \n$36,646,781)\n	$42,390,850\n
COMMON STOCKS - 0.0%\n	\n
Consumer staples - 0.0%\n	\n	\n
China Huishan Dairy Holdings Company, Ltd. (F)(G)\n	424\n	0\n
ICA Gruppen AB (F)(G)\n	18\n	0\n
Health care - 0.0%\n	\n	\n
NMC Health PLC (F)(G)\n	13\n	0\n
Real estate - 0.0%\n	\n	\n
Dalian Wanda Commercial Properties Company, Ltd., H Shares (F)(G)(H)\n	336\n	1,014\n
Utilities - 0.0%\n	\n	\n
China Common Rich Renewable Energy Investments, Ltd. (F)(G)\n	1,716\n	0\n
\n
TOTAL COMMON STOCKS (Cost $427)\n	$1,014\n
U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 8.1%\n	\n
U.S. Government - 8.1%\n	\n	\n
U.S. Treasury Inflation Protected Security, 1.250%, 04/15/2028\n	$1,527,597\n	1,501,419\n
U.S. Treasury Inflation Protected Security, 1.250%, 04/15/2031\n	664,255\n	637,943\n
U.S. Treasury Inflation Protected Security, 1.625%, 04/15/2030\n	2,774,085\n	2,723,810\n
U.S. Treasury Inflation Protected Security, 2.125%, 04/15/2029\n	2,298,786\n	2,295,986\n
U.S. Treasury STRIPS, PO, 5.324%, 05/15/2055\n	406,600\n	89,779\n
U.S. Treasury STRIPS, PO, 5.351%, 02/15/2054\n	490,300\n	114,736\n
U.S. Treasury STRIPS, PO, 5.390%, 11/15/2052\n	408,100\n	101,042\n
U.S. Treasury STRIPS, PO, 5.410%, 08/15/2051\n	128,800\n	33,926\n
\n
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost \n$7,672,318)\n	$7,498,641\n
SHORT-TERM INVESTMENTS - 0.1%\n	\n
Short-term funds - 0.1%\n	\n	\n
John Hancock Collateral Trust, 3.6571% (C)(D)\n	3,593\n	35,929\n

2015 LIFETIME BLEND PORTFOLIO (continued)
\n

\n\n\n\n\n\n

\n	Shares or \nPrincipal \nAmount\n	Value\n
\n
TOTAL SHORT-TERM INVESTMENTS (Cost $35,927)\n	$35,929\n
Total investments (Cost $80,925,184) - 100.2%\n	$92,486,756\n
Other assets and liabilities, net - (0.2%)\n	(142,375)\n
TOTAL NET ASSETS - 100.0%\n	$92,344,381\n

2010 LIFETIME BLEND PORTFOLIO

As of 8-31-26

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

\n	Shares or \nPrincipal \nAmount\n	Value\n
AFFILIATED INVESTMENT COMPANIES (A) - 43.0%\n	\n
Equity - 12.1%\n	\n	\n
International Strategic Equity Allocation, Class NAV, JHF II (MIM US) (B)\n	160,874\n	$2,329,453\n
U.S. Sector Rotation, Class NAV, JHF II (MIM US) (B)\n	428,123\n	6,498,912\n
Fixed income - 30.9%\n	\n	\n
Bond, Class NAV, JHSB (MIM US) (B)\n	932,658\n	12,404,355\n
Emerging Markets Debt, Class NAV, JHF II (MIM US) (B)\n	530,773\n	4,315,182\n
Global Senior Loan ETF, JHETF (CQS) (B)\n	123,392\n	3,033,592\n
High Yield, Class NAV, JHBT (MIM US) (B)\n	948,377\n	2,854,615\n
\n
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost \n$28,839,326)\n	$31,436,109\n
UNAFFILIATED INVESTMENT COMPANIES - 47.6%\n	\n
Equity - 18.2%\n	\n	\n
Fidelity Mid Cap Index Fund\n	10,730\n	462,568\n
Fidelity Small Cap Index Fund\n	11,174\n	414,446\n
iShares Global Infrastructure ETF\n	4,131\n	269,093\n
iShares MSCI Global Min Vol Factor ETF\n	14,066\n	1,790,602\n
Vanguard Dividend Appreciation ETF\n	4,891\n	1,183,964\n
Vanguard Energy ETF\n	5,080\n	915,264\n
Vanguard FTSE Developed Markets ETF\n	67,109\n	4,893,588\n
Vanguard Global ex-U.S. Real Estate ETF\n	5,952\n	266,292\n
Vanguard Materials ETF\n	2,283\n	539,656\n
Vanguard Real Estate ETF\n	8,320\n	802,380\n
Vanguard S&P 500 ETF\n	2,513\n	1,771,389\n
Fixed income - 29.4%\n	\n	\n
Vanguard Short-Term Corporate Bond ETF\n	111,679\n	8,770,152\n
Vanguard Total Bond Market ETF\n	177,104\n	12,793,993\n
\n
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost \n$31,215,653)\n	$34,873,387\n
COMMON STOCKS - 0.0%\n	\n
Consumer staples - 0.0%\n	\n	\n
China Huishan Dairy Holdings Company, Ltd. (F)(G)\n	225\n	0\n
ICA Gruppen AB (F)(G)\n	10\n	0\n
Health care - 0.0%\n	\n	\n
NMC Health PLC (F)(G)\n	7\n	0\n
Real estate - 0.0%\n	\n	\n
Dalian Wanda Commercial Properties Company, Ltd., H Shares (F)(G)(H)\n	180\n	543\n

9\n

JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | \n

SEE NOTES TO FINANCIAL STATEMENTS\n

\n\nTable of Contents\n\n

2010 LIFETIME BLEND PORTFOLIO (continued)
\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

\n	Shares or \nPrincipal \nAmount\n	Value\n
Utilities - 0.0%\n	\n	\n
China Common Rich Renewable Energy Investments, Ltd. (F)(G)\n	911\n	$0\n
\n
TOTAL COMMON STOCKS (Cost $227)\n	$543\n
U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 9.4%\n	\n
U.S. Government - 9.4%\n	\n	\n
U.S. Treasury Inflation Protected Security, 1.250%, 04/15/2028\n	$1,454,218\n	1,429,297\n
U.S. Treasury Inflation Protected Security, 1.250%, 04/15/2031\n	632,184\n	607,143\n
U.S. Treasury Inflation Protected Security, 1.625%, 04/15/2030\n	2,638,528\n	2,590,710\n
U.S. Treasury Inflation Protected Security, 2.125%, 04/15/2029\n	2,186,487\n	2,183,824\n
U.S. Treasury STRIPS, PO, 5.324%, 05/15/2055\n	115,100\n	25,415\n
U.S. Treasury STRIPS, PO, 5.351%, 02/15/2054\n	157,200\n	36,787\n
U.S. Treasury STRIPS, PO, 5.390%, 11/15/2052\n	131,000\n	32,435\n
U.S. Treasury STRIPS, PO, 5.410%, 08/15/2051\n	34,900\n	9,193\n
\n
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost \n$7,038,540)\n	$6,914,804\n
SHORT-TERM INVESTMENTS - 0.0%\n	\n
Short-term funds - 0.0%\n	\n	\n
John Hancock Collateral Trust, 3.6571% (C)(D)\n	163\n	1,626\n
\n
TOTAL SHORT-TERM INVESTMENTS (Cost $1,625)\n	$1,626\n
Total investments (Cost $67,095,371) - 100.0%\n	$73,226,469\n
Other assets and liabilities, net - 0.0%\n	5,737\n
TOTAL NET ASSETS - 100.0%\n	$73,232,206\n

Percentages are based upon net\nassets.

Security Abbreviations and Legend

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

CQS\n	CQS (US), LLC\n
JHBT\n	John Hancock Bond Trust\n
JHETF\n	John Hancock Exchange-Traded Fund Trust\n
JHF II\n	John Hancock Funds II\n
JHSB\n	John Hancock Sovereign Bond Fund\n
MIM US\n	Manulife Investment Management (US) LLC\n
PO\n	Principal-Only Security - (Principal Tranche of Stripped Security). Rate shown is the annualized yield on date of purchase.\n
STRIPS\n	Separate Trading of Registered Interest and Principal Securities\n
(A)\n	The underlying funds’ subadvisor is shown parenthetically.\n
(B)\n	The subadvisor is an affiliate of the advisor.\n
(C)\n	The rate shown is the annualized seven-day yield as of 8-31-26.\n
(D)\n	Investment is an affiliate of the fund, the advisor and/or subadvisor.\n
(E)\n	All or a portion of this security is on loan as of 8-31-26.\n
(F)\n	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.\n
(G)\n	Non-income producing.\n
(H)\n	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\nregistration.\n
(I)\n	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.\n

SEE NOTES TO FINANCIAL STATEMENTS\n

| JOHN HANCOCK LIFETIME BLEND PORTFOLIOS\n

10\n

\n\nTable of Contents\n\n

Financial statements

STATEMENTS OF ASSETS AND\nLIABILITIES 8-31-26

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

\n	2070 Lifetime Blend Portfolio\n	2065 Lifetime Blend Portfolio\n	2060 Lifetime Blend Portfolio\n	2055 Lifetime Blend Portfolio\n
Assets\n	\n	\n	\n	\n
Unaffiliated investments, at value (including securities loaned)\n	$3,784,648\n	$74,414,184\n	$171,841,121\n	$269,293,462\n
Affiliated investments, at value\n	6,171,586\n	120,185,241\n	277,230,649\n	433,972,329\n
Total investments, at value\n	9,956,234\n	194,599,425\n	449,071,770\n	703,265,791\n
Cash\n	773\n	—\n	—\n	—\n
Dividends and interest receivable\n	1,930\n	38,256\n	100,887\n	167,350\n
Receivable for fund shares sold\n	38,921\n	312,563\n	649,324\n	752,808\n
Receivable for securities lending income\n	—\n	62\n	112\n	141\n
Receivable from affiliates\n	4,097\n	6,535\n	13,360\n	19,643\n
Other assets\n	19,800\n	29,184\n	43,159\n	54,554\n
Total assets\n	10,021,755\n	194,986,025\n	449,878,612\n	704,260,287\n
Liabilities\n	\n	\n	\n	\n
Due to custodian\n	—\n	3,461\n	8,818\n	14,385\n
Payable for investments purchased\n	32,996\n	255,668\n	421,602\n	417,489\n
Payable for fund shares repurchased\n	—\n	79,371\n	319,094\n	477,060\n
Payable upon return of securities loaned\n	—\n	143,175\n	273,900\n	323,700\n
Payable to affiliates\n	\n	\n	\n	\n
Accounting and legal services fees\n	385\n	8,393\n	19,742\n	30,964\n
Transfer agent fees\n	83\n	3,390\n	12,343\n	21,242\n
Distribution and service fees\n	—\n	—\n	179\n	166\n
Trustees’ fees\n	4\n	77\n	181\n	284\n
Other liabilities and accrued expenses\n	53,472\n	50,005\n	58,445\n	60,627\n
Total liabilities\n	86,940\n	543,540\n	1,114,304\n	1,345,917\n
Net assets\n	$9,934,815\n	$194,442,485\n	$448,764,308\n	$702,914,370\n
Net assets consist of\n	\n	\n	\n	\n
Paid-in capital\n	$8,942,554\n	$145,042,755\n	$311,948,750\n	$478,221,042\n
Total distributable earnings (loss)\n	992,261\n	49,399,730\n	136,815,558\n	224,693,328\n
Net assets\n	$9,934,815\n	$194,442,485\n	$448,764,308\n	$702,914,370\n
Unaffiliated investments, at cost\n	$3,402,185\n	$55,703,394\n	$117,599,823\n	$178,907,716\n
Affiliated investments, at cost\n	5,595,011\n	92,034,018\n	199,643,591\n	307,290,347\n
Total investments, at cost\n	8,997,196\n	147,737,412\n	317,243,414\n	486,198,063\n
Securities loaned, at value\n	—\n	$139,817\n	$1,294,827\n	$316,108\n
Net asset value per share\n	\n	\n	\n	\n
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\nby the number of outstanding shares in the class.\n	\n	\n	\n	\n
Class A¹\n	\n	\n	\n	\n
Net assets\n	$896,569\n	$36,076,479\n	$129,132,686\n	$224,096,472\n
Shares outstanding\n	65,220\n	1,929,452\n	6,138,006\n	11,648,660\n
Net asset value and redemption price per share\n	$13.75\n	$18.70\n	$21.04\n	$19.24\n
Class R4\n	\n	\n	\n	\n
Net assets\n	—\n	—\n	$2,128,709\n	$1,981,994\n
Shares outstanding\n	—\n	—\n	101,152\n	103,210\n
Net asset value, offering price and redemption price per share\n	—\n	—\n	$21.04\n	$19.20\n
Class R6\n	\n	\n	\n	\n
Net assets\n	$556,363\n	$31,970,282\n	$90,950,279\n	$129,900,465\n
Shares outstanding\n	40,344\n	1,708,429\n	4,316,339\n	6,752,727\n
Net asset value, offering price and redemption price per share\n	$13.79\n	$18.71\n	$21.07\n	$19.24\n
Class 1\n	\n	\n	\n	\n
Net assets\n	$8,481,883\n	$126,395,724\n	$226,552,634\n	$346,935,439\n
Shares outstanding\n	615,314\n	6,750,726\n	10,753,490\n	18,023,973\n
Net asset value, offering price and redemption price per share\n	$13.78\n	$18.72\n	$21.07\n	$19.25\n
Maximum offering price per share\n	\n	\n	\n	\n
Class A (net asset value per share ÷ 95%)²\n	$14.47\n	$19.68\n	$22.15\n	$20.25\n

\n\n\n

\n	\n
¹\n	Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.\n
²\n	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.\n

11\n

JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | ANNUAL REPORT\n

SEE NOTES TO FINANCIAL STATEMENTS\n

\n\nTable of Contents\n\n

STATEMENTS OF ASSETS AND LIABILITIES 8-31-26
\n

Continued
\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

\n	2050 Lifetime Blend Portfolio\n	2045 Lifetime Blend Portfolio\n	2040 Lifetime Blend Portfolio\n	2035 Lifetime Blend Portfolio\n
Assets\n	\n	\n	\n	\n
Unaffiliated investments, at value (including securities loaned)\n	$338,282,812\n	$413,467,135\n	$446,383,593\n	$526,192,112\n
Affiliated investments, at value\n	549,781,502\n	638,739,154\n	660,307,567\n	749,141,511\n
Total investments, at value\n	888,064,314\n	1,052,206,289\n	1,106,691,160\n	1,275,333,623\n
Dividends and interest receivable\n	235,000\n	384,964\n	626,633\n	1,046,078\n
Receivable for fund shares sold\n	1,184,376\n	410,467\n	1,021,204\n	111,042\n
Receivable for investments sold\n	—\n	339,834\n	317,205\n	247,776\n
Receivable for securities lending income\n	—\n	145\n	390\n	1,146\n
Receivable from affiliates\n	24,204\n	28,813\n	30,580\n	35,838\n
Other assets\n	54,978\n	64,444\n	60,934\n	65,106\n
Total assets\n	889,562,872\n	1,053,434,956\n	1,108,748,106\n	1,276,840,609\n
Liabilities\n	\n	\n	\n	\n
Due to custodian\n	18,261\n	93,494\n	339,597\n	28,870\n
Distributions payable\n	9,859\n	—\n	—\n	—\n
Payable for investments purchased\n	841,461\n	317,681\n	1,292,796\n	1,178,212\n
Payable for fund shares repurchased\n	526,309\n	1,307,316\n	301,427\n	695,643\n
Payable upon return of securities loaned\n	—\n	186,750\n	2,083,200\n	3,461,100\n
Payable to affiliates\n	\n	\n	\n	\n
Accounting and legal services fees\n	39,320\n	46,486\n	49,641\n	56,595\n
Transfer agent fees\n	27,167\n	32,545\n	33,135\n	38,836\n
Distribution and service fees\n	186\n	357\n	95\n	464\n
Trustees’ fees\n	359\n	426\n	451\n	517\n
Other liabilities and accrued expenses\n	62,218\n	63,559\n	64,101\n	65,851\n
Total liabilities\n	1,525,140\n	2,048,614\n	4,164,443\n	5,526,088\n
Net assets\n	$888,037,732\n	$1,051,386,342\n	$1,104,583,663\n	$1,271,314,521\n
Net assets consist of\n	\n	\n	\n	\n
Paid-in capital\n	$596,682,449\n	$728,514,791\n	$773,652,282\n	$939,487,996\n
Total distributable earnings (loss)\n	291,355,283\n	322,871,551\n	330,931,381\n	331,826,525\n
Net assets\n	$888,037,732\n	$1,051,386,342\n	$1,104,583,663\n	$1,271,314,521\n
Unaffiliated investments, at cost\n	$222,177,172\n	$287,682,958\n	$318,419,504\n	$402,920,704\n
Affiliated investments, at cost\n	385,819,429\n	456,552,724\n	481,181,954\n	566,100,099\n
Total investments, at cost\n	607,996,601\n	744,235,682\n	799,601,458\n	969,020,803\n
Securities loaned, at value\n	—\n	$182,370\n	$2,271,108\n	$10,484,270\n
Net asset value per share\n	\n	\n	\n	\n
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\nby the number of outstanding shares in the class.\n	\n	\n	\n	\n
Class A¹\n	\n	\n	\n	\n
Net assets\n	$284,739,287\n	$340,607,493\n	$347,097,946\n	$408,358,882\n
Shares outstanding\n	14,590,981\n	18,347,507\n	19,736,311\n	25,083,112\n
Net asset value and redemption price per share\n	$19.51\n	$18.56\n	$17.59\n	$16.28\n
Class R4\n	\n	\n	\n	\n
Net assets\n	$2,196,457\n	$4,207,055\n	$1,103,682\n	$5,469,953\n
Shares outstanding\n	112,624\n	227,205\n	62,759\n	335,901\n
Net asset value, offering price and redemption price per share\n	$19.50\n	$18.52\n	$17.59\n	$16.28\n
Class R6\n	\n	\n	\n	\n
Net assets\n	$183,661,431\n	$202,992,257\n	$209,920,675\n	$251,910,831\n
Shares outstanding\n	9,413,333\n	10,915,996\n	11,922,076\n	15,455,174\n
Net asset value, offering price and redemption price per share\n	$19.51\n	$18.60\n	$17.61\n	$16.30\n
Class 1\n	\n	\n	\n	\n
Net assets\n	$417,440,557\n	$503,579,537\n	$546,461,360\n	$605,574,855\n
Shares outstanding\n	21,377,976\n	27,103,614\n	31,049,304\n	37,147,006\n
Net asset value, offering price and redemption price per share\n	$19.53\n	$18.58\n	$17.60\n	$16.30\n
Maximum offering price per share\n	\n	\n	\n	\n
Class A (net asset value per share ÷ 95%)²\n	$20.54\n	$19.54\n	$18.52\n	$17.14\n

\n\n\n

\n	\n
¹\n	Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.\n
²\n	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.\n

SEE NOTES TO FINANCIAL STATEMENTS\n

ANNUAL REPORT | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS\n

12\n

\n\nTable of Contents\n\n

STATEMENTS OF ASSETS AND LIABILITIES 8-31-26
\n

Continued
\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

\n	2030 Lifetime Blend Portfolio\n	2025 Lifetime Blend Portfolio\n	2020 Lifetime Blend Portfolio\n	2015 Lifetime Blend Portfolio\n
Assets\n	\n	\n	\n	\n
Unaffiliated investments, at value (including securities loaned)\n	$540,005,289\n	$375,900,214\n	$170,250,669\n	$49,890,505\n
Affiliated investments, at value\n	667,773,806\n	475,010,324\n	170,112,793\n	42,596,251\n
Total investments, at value\n	1,207,779,095\n	850,910,538\n	340,363,462\n	92,486,756\n
Dividends and interest receivable\n	1,299,742\n	1,116,268\n	515,043\n	156,150\n
Receivable for fund shares sold\n	374,950\n	759,094\n	36,793\n	17,367\n
Receivable for investments sold\n	—\n	140,385\n	48,450\n	86,355\n
Receivable for securities lending income\n	—\n	2,065\n	135\n	—\n
Receivable from affiliates\n	33,943\n	22,643\n	10,232\n	4,298\n
Other assets\n	63,155\n	54,595\n	32,375\n	22,602\n
Total assets\n	1,209,550,885\n	853,005,588\n	341,006,490\n	92,773,528\n
Liabilities\n	\n	\n	\n	\n
Due to custodian\n	30,758\n	154,470\n	18,903\n	2,848\n
Payable for investments purchased\n	1,354,607\n	861,572\n	369,105\n	138,813\n
Payable for fund shares repurchased\n	436,424\n	747,506\n	178,033\n	223,453\n
Payable upon return of securities loaned\n	6,225\n	27,344,925\n	—\n	—\n
Payable to affiliates\n	\n	\n	\n	\n
Accounting and legal services fees\n	53,876\n	37,251\n	15,404\n	4,219\n
Transfer agent fees\n	44,053\n	43,048\n	18,622\n	4,356\n
Distribution and service fees\n	531\n	180\n	119\n	—\n
Trustees’ fees\n	493\n	342\n	142\n	38\n
Other liabilities and accrued expenses\n	65,679\n	62,471\n	57,804\n	55,420\n
Total liabilities\n	1,992,646\n	29,251,765\n	658,132\n	429,147\n
Net assets\n	$1,207,558,239\n	$823,753,823\n	$340,348,358\n	$92,344,381\n
Net assets consist of\n	\n	\n	\n	\n
Paid-in capital\n	$943,636,806\n	$682,339,009\n	$292,425,627\n	$80,504,385\n
Total distributable earnings (loss)\n	263,921,433\n	141,414,814\n	47,922,731\n	11,839,996\n
Net assets\n	$1,207,558,239\n	$823,753,823\n	$340,348,358\n	$92,344,381\n
Unaffiliated investments, at cost\n	$447,397,764\n	$326,708,484\n	$148,773,894\n	$44,319,526\n
Affiliated investments, at cost\n	518,943,595\n	391,250,115\n	143,370,960\n	36,605,658\n
Total investments, at cost\n	966,341,359\n	717,958,599\n	292,144,854\n	80,925,184\n
Securities loaned, at value\n	$6,079\n	$32,543,277\n	—\n	—\n
Net asset value per share\n	\n	\n	\n	\n
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\nby the number of outstanding shares in the class.\n	\n	\n	\n	\n
Class A¹\n	\n	\n	\n	\n
Net assets\n	$462,488,253\n	$455,742,221\n	$198,496,614\n	$45,464,221\n
Shares outstanding\n	31,136,049\n	33,958,966\n	15,905,221\n	3,896,820\n
Net asset value and redemption price per share\n	$14.85\n	$13.42\n	$12.48\n	$11.67\n
Class R4\n	\n	\n	\n	\n
Net assets\n	$6,269,867\n	$2,124,132\n	$1,401,082\n	$16,750\n
Shares outstanding\n	422,281\n	158,369\n	112,411\n	1,437\n
Net asset value, offering price and redemption price per share\n	$14.85\n	$13.41\n	$12.46\n	$11.65²\n
Class R6\n	\n	\n	\n	\n
Net assets\n	$249,088,225\n	$131,418,698\n	$59,811,255\n	$21,450,917\n
Shares outstanding\n	16,742,956\n	9,780,653\n	4,782,318\n	1,835,571\n
Net asset value, offering price and redemption price per share\n	$14.88\n	$13.44\n	$12.51\n	$11.69\n
Class 1\n	\n	\n	\n	\n
Net assets\n	$489,711,894\n	$234,468,772\n	$80,639,407\n	$25,412,493\n
Shares outstanding\n	32,946,612\n	17,471,377\n	6,457,525\n	2,175,950\n
Net asset value, offering price and redemption price per share\n	$14.86\n	$13.42\n	$12.49\n	$11.68\n
Maximum offering price per share\n	\n	\n	\n	\n
Class A (net asset value per share ÷ 95%)³\n	$15.63\n	$14.13\n	$13.14\n	$12.28\n

\n\n\n\n

\n	\n
¹\n	Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.\n
²\n	Net asset value, offering price and redemption price per share of $11.65 is calculated using Net assets of $16,749.98 and Shares outstanding of 1,437.473.\n
³\n	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.\n

13\n

JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | ANNUAL REPORT\n

SEE NOTES TO FINANCIAL STATEMENTS\n

\n\nTable of Contents\n\n

STATEMENTS OF ASSETS AND LIABILITIES 8-31-26
\n

Continued
\n

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\n	2010 Lifetime Blend Portfolio\n
Assets\n	\n
Unaffiliated investments, at value (including securities loaned)\n	$41,788,734\n
Affiliated investments, at value\n	31,437,735\n
Total investments, at value\n	73,226,469\n
Dividends and interest receivable\n	134,455\n
Receivable for fund shares sold\n	8,940\n
Receivable for investments sold\n	8,432\n
Receivable from affiliates\n	3,875\n
Other assets\n	18,473\n
Total assets\n	73,400,644\n
Liabilities\n	\n
Due to custodian\n	9,000\n
Payable for investments purchased\n	90,018\n
Payable for fund shares repurchased\n	8,020\n
Payable to affiliates\n	\n
Accounting and legal services fees\n	3,247\n
Transfer agent fees\n	2,773\n
Trustees’ fees\n	30\n
Other liabilities and accrued expenses\n	55,350\n
Total liabilities\n	168,438\n
Net assets\n	$73,232,206\n
Net assets consist of\n	\n
Paid-in capital\n	$66,473,127\n
Total distributable earnings (loss)\n	6,759,079\n
Net assets\n	$73,232,206\n
Unaffiliated investments, at cost\n	$38,254,420\n
Affiliated investments, at cost\n	28,840,951\n
Total investments, at cost\n	67,095,371\n
Net asset value per share\n	\n
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\nby the number of outstanding shares in the class.\n	\n
Class A¹\n	\n
Net assets\n	$29,444,070\n
Shares outstanding\n	2,650,083\n
Net asset value and redemption price per share\n	$11.11\n
Class R4\n	\n
Net assets\n	$54,448\n
Shares outstanding\n	4,902\n
Net asset value, offering price and redemption price per share\n	$11.11\n
Class R6\n	\n
Net assets\n	$12,924,435\n
Shares outstanding\n	1,161,644\n
Net asset value, offering price and redemption price per share\n	$11.13\n
Class 1\n	\n
Net assets\n	$30,809,253\n
Shares outstanding\n	2,772,286\n
Net asset value, offering price and redemption price per share\n	$11.11\n
Maximum offering price per share\n	\n
Class A (net asset value per share ÷ 95%)²\n	$11.69\n

\n\n\n

\n	\n
¹\n	Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.\n
²\n	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.\n

SEE NOTES TO FINANCIAL STATEMENTS\n

ANNUAL REPORT | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS\n

14\n

\n\nTable of Contents\n\n

STATEMENTS OF OPERATIONS For the year ended 8-31-26

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

\n	2070 Lifetime Blend Portfolio\n	2065 Lifetime Blend Portfolio\n	2060 Lifetime Blend Portfolio\n	2055 Lifetime Blend Portfolio\n
Investment income\n	\n	\n	\n	\n
Dividends from affiliated investments\n	$33,617\n	$1,800,423\n	$4,443,053\n	$7,019,145\n
Dividends from unaffiliated investments\n	17,317\n	810,947\n	2,001,863\n	3,168,879\n
Interest\n	—\n	37,946\n	100,986\n	168,073\n
Securities lending, net\n	—\n	413\n	2,358\n	5,962\n
Other income received from advisor\n	1,427\n	54,078\n	130,965\n	204,142\n
Total investment income\n	52,361\n	2,703,807\n	6,679,225\n	10,566,201\n
Expenses\n	\n	\n	\n	\n
Investment management fees\n	11,069\n	394,219\n	960,575\n	1,514,419\n
Distribution and service fees\n	3,076\n	132,982\n	415,374\n	704,571\n
Offering costs\n	65,362\n	—\n	—\n	—\n
Accounting and legal services fees\n	784\n	28,504\n	69,538\n	109,570\n
Transfer agent fees\n	448\n	30,303\n	117,488\n	205,031\n
Trustees’ fees\n	67\n	3,527\n	8,767\n	13,874\n
Custodian fees\n	25,848\n	27,050\n	27,755\n	27,755\n
State registration fees\n	24,158\n	51,989\n	63,353\n	67,877\n
Printing and postage\n	15,006\n	16,546\n	18,154\n	19,410\n
Professional fees\n	45,599\n	45,068\n	54,515\n	61,442\n
Other\n	7,251\n	12,859\n	17,906\n	22,981\n
Total expenses\n	198,668\n	743,047\n	1,753,425\n	2,746,930\n
Less expense reductions\n	(195,143)\n	(579,786)\n	(1,222,413)\n	(1,839,147)\n
Net expenses\n	3,525\n	163,261\n	531,012\n	907,783\n
Net investment income\n	48,836\n	2,540,546\n	6,148,213\n	9,658,418\n
Realized and unrealized gain (loss)\n	\n	\n	\n	\n
Net realized gain (loss) on\n	\n	\n	\n	\n
Unaffiliated investments and foreign currency transactions\n	1,258\n	335,146\n	1,381,506\n	2,135,761\n
Affiliated investments\n	(18,599)\n	360,102\n	1,551,283\n	2,897,967\n
Capital gain distributions received from affiliated investments\n	39,170\n	2,353,996\n	5,825,887\n	9,192,002\n
\n	21,829\n	3,049,244\n	8,758,676\n	14,225,730\n
Change in net unrealized appreciation (depreciation) of\n	\n	\n	\n	\n
Unaffiliated investments and translation of assets and liabilities in foreign currencies\n	372,569\n	10,668,907\n	25,390,372\n	39,922,925\n
Affiliated investments\n	561,740\n	15,024,173\n	35,935,025\n	55,988,667\n
\n	934,309\n	25,693,080\n	61,325,397\n	95,911,592\n
Net realized and unrealized gain\n	956,138\n	28,742,324\n	70,084,073\n	110,137,322\n
Increase in net assets from operations\n	$1,004,974\n	$31,282,870\n	$76,232,286\n	$119,795,740\n

15\n

JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | ANNUAL REPORT\n

SEE NOTES TO FINANCIAL STATEMENTS\n

\n\nTable of Contents\n\n

STATEMENTS OF OPERATIONS For the year ended 8-31-26
\n

Continued

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\n	2050 Lifetime Blend Portfolio\n	2045 Lifetime Blend Portfolio\n	2040 Lifetime Blend Portfolio\n	2035 Lifetime Blend Portfolio\n
Investment income\n	\n	\n	\n	\n
Dividends from affiliated investments\n	$9,117,372\n	$11,275,921\n	$14,207,156\n	$17,719,011\n
Dividends from unaffiliated investments\n	4,090,524\n	6,284,703\n	8,282,924\n	10,745,600\n
Interest\n	218,761\n	350,322\n	512,554\n	943,072\n
Securities lending, net\n	20,369\n	11,591\n	21,600\n	21,875\n
Other income received from advisor\n	264,261\n	283,050\n	211,686\n	208,243\n
Total investment income\n	13,711,287\n	18,205,587\n	23,235,920\n	29,637,801\n
Expenses\n	\n	\n	\n	\n
Investment management fees\n	1,950,288\n	2,409,294\n	2,907,960\n	3,519,917\n
Distribution and service fees\n	915,139\n	1,101,165\n	1,156,481\n	1,361,244\n
Accounting and legal services fees\n	141,019\n	165,573\n	183,377\n	207,373\n
Transfer agent fees\n	271,442\n	323,148\n	338,905\n	398,916\n
Trustees’ fees\n	17,965\n	21,085\n	23,738\n	26,705\n
Custodian fees\n	27,755\n	27,755\n	27,755\n	29,380\n
State registration fees\n	77,469\n	76,765\n	76,266\n	80,986\n
Printing and postage\n	20,553\n	21,247\n	21,638\n	22,423\n
Professional fees\n	66,802\n	71,073\n	74,061\n	78,271\n
Other\n	27,174\n	31,665\n	38,506\n	40,751\n
Total expenses\n	3,515,606\n	4,248,770\n	4,848,687\n	5,765,966\n
Less expense reductions\n	(2,331,053)\n	(2,828,403)\n	(3,354,417)\n	(4,010,907)\n
Net expenses\n	1,184,553\n	1,420,367\n	1,494,270\n	1,755,059\n
Net investment income\n	12,526,734\n	16,785,220\n	21,741,650\n	27,882,742\n
Realized and unrealized gain (loss)\n	\n	\n	\n	\n
Net realized gain (loss) on\n	\n	\n	\n	\n
Unaffiliated investments and foreign currency transactions\n	3,911,791\n	5,795,800\n	9,974,296\n	10,355,798\n
Affiliated investments\n	3,898,306\n	4,801,958\n	7,828,284\n	8,136,046\n
Capital gain distributions received from affiliated investments\n	11,944,920\n	13,074,023\n	13,122,937\n	13,858,482\n
\n	19,755,017\n	23,671,781\n	30,925,517\n	32,350,326\n
Change in net unrealized appreciation (depreciation) of\n	\n	\n	\n	\n
Unaffiliated investments and translation of assets and liabilities in foreign currencies\n	50,267,384\n	53,269,733\n	50,736,069\n	47,507,330\n
Affiliated investments\n	71,789,459\n	79,009,620\n	73,775,651\n	72,273,902\n
\n	122,056,843\n	132,279,353\n	124,511,720\n	119,781,232\n
Net realized and unrealized gain\n	141,811,860\n	155,951,134\n	155,437,237\n	152,131,558\n
Increase in net assets from operations\n	$154,338,594\n	$172,736,354\n	$177,178,887\n	$180,014,300\n

SEE NOTES TO FINANCIAL STATEMENTS\n

ANNUAL REPORT | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS\n

16\n

\n\nTable of Contents\n\n

STATEMENTS OF OPERATIONS For the year ended 8-31-26
\n

Continued

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\n	2030 Lifetime Blend Portfolio\n	2025 Lifetime Blend Portfolio\n	2020 Lifetime Blend Portfolio\n	2015 Lifetime Blend Portfolio\n
Investment income\n	\n	\n	\n	\n
Dividends from affiliated investments\n	$18,264,675\n	$14,053,835\n	$5,809,691\n	$1,711,052\n
Dividends from unaffiliated investments\n	12,566,152\n	9,991,751\n	4,694,076\n	1,467,598\n
Interest\n	1,948,854\n	1,969,660\n	1,079,607\n	382,755\n
Securities lending, net\n	22,206\n	48,518\n	25,934\n	4,008\n
Total investment income\n	32,801,887\n	26,063,764\n	11,609,308\n	3,565,413\n
Expenses\n	\n	\n	\n	\n
Investment management fees\n	3,686,384\n	2,800,576\n	1,263,364\n	385,938\n
Distribution and service fees\n	1,465,085\n	1,349,692\n	584,374\n	146,207\n
Accounting and legal services fees\n	200,564\n	139,977\n	58,311\n	16,712\n
Transfer agent fees\n	452,878\n	452,640\n	198,275\n	49,588\n
Trustees’ fees\n	25,987\n	18,236\n	7,588\n	2,213\n
Custodian fees\n	29,255\n	29,255\n	29,255\n	29,255\n
State registration fees\n	90,576\n	85,165\n	58,985\n	54,056\n
Printing and postage\n	23,019\n	21,535\n	17,641\n	15,525\n
Professional fees\n	77,132\n	66,842\n	52,735\n	45,542\n
Other\n	41,540\n	35,460\n	21,711\n	14,691\n
Total expenses\n	6,092,420\n	4,999,378\n	2,292,239\n	759,727\n
Less expense reductions\n	(4,137,858)\n	(2,898,751)\n	(1,271,010)\n	(466,028)\n
Net expenses\n	1,954,562\n	2,100,627\n	1,021,229\n	293,699\n
Net investment income\n	30,847,325\n	23,963,137\n	10,588,079\n	3,271,714\n
Realized and unrealized gain (loss)\n	\n	\n	\n	\n
Net realized gain (loss) on\n	\n	\n	\n	\n
Unaffiliated investments and foreign currency transactions\n	11,188,573\n	10,594,908\n	3,793,939\n	1,467,868\n
Affiliated investments\n	9,006,926\n	5,421,309\n	2,134,350\n	1,008,746\n
Capital gain distributions received from affiliated investments\n	12,068,982\n	6,520,415\n	2,311,938\n	541,862\n
\n	32,264,481\n	22,536,632\n	8,240,227\n	3,018,476\n
Change in net unrealized appreciation (depreciation) of\n	\n	\n	\n	\n
Unaffiliated investments and translation of assets and liabilities in foreign currencies\n	33,397,568\n	13,348,042\n	6,261,144\n	1,208,180\n
Affiliated investments\n	54,752,132\n	29,447,624\n	8,182,150\n	1,005,774\n
\n	88,149,700\n	42,795,666\n	14,443,294\n	2,213,954\n
Net realized and unrealized gain\n	120,414,181\n	65,332,298\n	22,683,521\n	5,232,430\n
Increase in net assets from operations\n	$151,261,506\n	$89,295,435\n	$33,271,600\n	$8,504,144\n

17\n

JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | ANNUAL REPORT\n

SEE NOTES TO FINANCIAL STATEMENTS\n

\n\nTable of Contents\n\n

STATEMENTS OF OPERATIONS For the year ended 8-31-26
\n

Continued

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\n	2010 Lifetime Blend Portfolio\n
Investment income\n	\n
Dividends from affiliated investments\n	$1,346,344\n
Dividends from unaffiliated investments\n	1,206,476\n
Interest\n	341,891\n
Securities lending, net\n	3,323\n
Total investment income\n	2,898,034\n
Expenses\n	\n
Investment management fees\n	311,453\n
Distribution and service fees\n	93,766\n
Accounting and legal services fees\n	12,796\n
Transfer agent fees\n	28,749\n
Trustees’ fees\n	1,720\n
Custodian fees\n	29,255\n
State registration fees\n	52,547\n
Printing and postage\n	15,712\n
Professional fees\n	44,876\n
Other\n	14,240\n
Total expenses\n	605,114\n
Less expense reductions\n	(395,489)\n
Net expenses\n	209,625\n
Net investment income\n	2,688,409\n
Realized and unrealized gain (loss)\n	\n
Net realized gain (loss) on\n	\n
Unaffiliated investments and foreign currency transactions\n	1,157,892\n
Affiliated investments\n	870,226\n
Capital gain distributions received from affiliated investments\n	298,638\n
\n	2,326,756\n
Change in net unrealized appreciation (depreciation) of\n	\n
Unaffiliated investments and translation of assets and liabilities in foreign currencies\n	708,151\n
Affiliated investments\n	69,224\n
\n	777,375\n
Net realized and unrealized gain\n	3,104,131\n
Increase in net assets from operations\n	$5,792,540\n

SEE NOTES TO FINANCIAL STATEMENTS\n

ANNUAL REPORT | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS\n

18\n

\n\nTable of Contents\n\n

STATEMENTS OF CHANGES IN NET\nASSETS

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

\n	2070 Lifetime Blend Portfolio\n	2065 Lifetime Blend Portfolio\n	2060 Lifetime Blend Portfolio\n
\n	Year ended \n8-31-26 \n\n	Period ended \n8-31-25¹ \n\n	Year ended \n8-31-26 \n\n	Year ended \n8-31-25 \n\n	Year ended \n8-31-26 \n\n	Year ended \n8-31-25 \n\n
Increase (decrease) in net assets\n	\n	\n	\n	\n	\n	\n
From operations\n	\n	\n	\n	\n	\n	\n
Net investment income\n	$48,836\n	$372\n	$2,540,546\n	$1,579,203\n	$6,148,213\n	$4,548,037\n
Net realized gain\n	21,829\n	349\n	3,049,244\n	2,013,819\n	8,758,676\n	6,325,613\n
Change in net unrealized appreciation (depreciation)\n	934,309\n	24,729\n	25,693,080\n	10,927,910\n	61,325,397\n	28,698,845\n
Increase in net assets resulting from operations\n	1,004,974\n	25,450\n	31,282,870\n	14,520,932\n	76,232,286\n	39,572,495\n
Distributions to shareholders\n	\n	\n	\n	\n	\n	\n
From earnings\n	\n	\n	\n	\n	\n	\n
Class A\n	(1,702)\n	—\n	(643,997)\n	(322,842)\n	(2,892,806)\n	(722,074)\n
Class R4\n	—\n	—\n	—\n	(2,521)\n	(55,854)\n	(20,013)\n
Class R6\n	(2,274)\n	—\n	(823,096)\n	(573,144)\n	(3,073,018)\n	(1,105,345)\n
Class 1\n	(34,207)\n	—\n	(3,085,371)\n	(2,251,407)\n	(6,520,867)\n	(2,428,948)\n
Total distributions\n	(38,183)\n	—\n	(4,552,464)\n	(3,149,914)\n	(12,542,545)\n	(4,276,380)\n
Portfolio share transactions\n	\n	\n	\n	\n	\n	\n
From portfolio share transactions\n	8,515,120\n	427,454\n	37,977,537\n	43,287,428\n	44,609,669\n	60,315,690\n
Total increase\n	9,481,911\n	452,904\n	64,707,943\n	54,658,446\n	108,299,410\n	95,611,805\n
Net assets\n	\n	\n	\n	\n	\n	\n
Beginning of year\n	452,904\n	—\n	129,734,542\n	75,076,096\n	340,464,898\n	244,853,093\n
End of year\n	$9,934,815\n	$452,904\n	$194,442,485\n	$129,734,542\n	$448,764,308\n	$340,464,898\n

\n\n

\n	\n
¹\n	Period from 4-24-25 (commencement of operations) through 8-31-25.\n

19\n

JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | ANNUAL REPORT\n

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\n\nTable of Contents\n\n

STATEMENTS OF CHANGES IN NET ASSETS
\n

Continued
\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

\n	2055 Lifetime Blend Portfolio\n	2050 Lifetime Blend Portfolio\n	2045 Lifetime Blend Portfolio\n
\n	Year ended \n8-31-26 \n\n	Year ended \n8-31-25 \n\n	Year ended \n8-31-26 \n\n	Year ended \n8-31-25 \n\n	Year ended \n8-31-26 \n\n	Year ended \n8-31-25 \n\n
Increase (decrease) in net assets\n	\n	\n	\n	\n	\n	\n
From operations\n	\n	\n	\n	\n	\n	\n
Net investment income\n	$9,658,418\n	$7,758,586\n	$12,526,734\n	$9,950,873\n	$16,785,220\n	$12,960,849\n
Net realized gain\n	14,225,730\n	11,802,808\n	19,755,017\n	15,194,673\n	23,671,781\n	18,102,325\n
Change in net unrealized appreciation (depreciation)\n	95,911,592\n	46,151,287\n	122,056,843\n	60,053,966\n	132,279,353\n	63,469,894\n
Increase in net assets resulting from operations\n	119,795,740\n	65,712,681\n	154,338,594\n	85,199,512\n	172,736,354\n	94,533,068\n
Distributions to shareholders\n	\n	\n	\n	\n	\n	\n
From earnings\n	\n	\n	\n	\n	\n	\n
Class A\n	(5,177,842)\n	(1,439,212)\n	(6,295,954)\n	(2,021,231)\n	(8,225,886)\n	(2,624,213)\n
Class R4\n	(57,471)\n	(22,761)\n	(57,796)\n	(30,791)\n	(125,710)\n	(59,438)\n
Class R6\n	(4,459,869)\n	(1,825,061)\n	(5,562,183)\n	(2,411,641)\n	(6,476,094)\n	(2,828,507)\n
Class 1\n	(10,327,865)\n	(4,119,401)\n	(11,478,067)\n	(4,992,060)\n	(15,157,691)\n	(6,522,515)\n
Total distributions\n	(20,023,047)\n	(7,406,435)\n	(23,394,000)\n	(9,455,723)\n	(29,985,381)\n	(12,034,673)\n
Portfolio share transactions\n	\n	\n	\n	\n	\n	\n
From portfolio share transactions\n	50,982,552\n	62,716,516\n	39,552,610\n	89,849,859\n	65,458,505\n	92,640,585\n
Total increase\n	150,755,245\n	121,022,762\n	170,497,204\n	165,593,648\n	208,209,478\n	175,138,980\n
Net assets\n	\n	\n	\n	\n	\n	\n
Beginning of year\n	552,159,125\n	431,136,363\n	717,540,528\n	551,946,880\n	843,176,864\n	668,037,884\n
End of year\n	$702,914,370\n	$552,159,125\n	$888,037,732\n	$717,540,528\n	$1,051,386,342\n	$843,176,864\n

SEE NOTES TO FINANCIAL STATEMENTS\n

ANNUAL REPORT | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS\n

20\n

\n\nTable of Contents\n\n

STATEMENTS OF CHANGES IN NET ASSETS
\n

Continued

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

\n	2040 Lifetime Blend Portfolio\n	2035 Lifetime Blend Portfolio\n	2030 Lifetime Blend Portfolio\n
\n	Year ended \n8-31-26 \n\n	Year ended \n8-31-25 \n\n	Year ended \n8-31-26 \n\n	Year ended \n8-31-25 \n\n	Year ended \n8-31-26 \n\n	Year ended \n8-31-25 \n\n
Increase (decrease) in net assets\n	\n	\n	\n	\n	\n	\n
From operations\n	\n	\n	\n	\n	\n	\n
Net investment income\n	$21,741,650\n	$17,094,904\n	$27,882,742\n	$22,501,194\n	$30,847,325\n	$25,517,933\n
Net realized gain\n	30,925,517\n	17,190,833\n	32,350,326\n	15,482,379\n	32,264,481\n	12,661,750\n
Change in net unrealized appreciation (depreciation)\n	124,511,720\n	65,834,589\n	119,781,232\n	65,604,307\n	88,149,700\n	51,269,419\n
Increase in net assets resulting from operations\n	177,178,887\n	100,120,326\n	180,014,300\n	103,587,880\n	151,261,506\n	89,449,102\n
Distributions to shareholders\n	\n	\n	\n	\n	\n	\n
From earnings\n	\n	\n	\n	\n	\n	\n
Class A\n	(7,791,009)\n	(3,089,496)\n	(7,728,376)\n	(4,110,396)\n	(8,970,362)\n	(5,307,296)\n
Class R4\n	(33,291)\n	(19,284)\n	(122,820)\n	(91,652)\n	(164,818)\n	(138,943)\n
Class R6\n	(7,374,501)\n	(4,106,418)\n	(6,629,715)\n	(4,885,424)\n	(7,118,894)\n	(6,165,459)\n
Class 1\n	(15,386,695)\n	(8,419,465)\n	(14,894,687)\n	(10,908,152)\n	(12,995,644)\n	(10,952,085)\n
Total distributions\n	(30,585,496)\n	(15,634,663)\n	(29,375,598)\n	(19,995,624)\n	(29,249,718)\n	(22,563,783)\n
Portfolio share transactions\n	\n	\n	\n	\n	\n	\n
From portfolio share transactions\n	(2,733,899)\n	111,328,481\n	26,652,988\n	118,524,054\n	13,924,969\n	120,524,148\n
Total increase\n	143,859,492\n	195,814,144\n	177,291,690\n	202,116,310\n	135,936,757\n	187,409,467\n
Net assets\n	\n	\n	\n	\n	\n	\n
Beginning of year\n	960,724,171\n	764,910,027\n	1,094,022,831\n	891,906,521\n	1,071,621,482\n	884,212,015\n
End of year\n	$1,104,583,663\n	$960,724,171\n	$1,271,314,521\n	$1,094,022,831\n	$1,207,558,239\n	$1,071,621,482\n

21\n

JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | ANNUAL REPORT\n

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\n\nTable of Contents\n\n

STATEMENTS OF CHANGES IN NET ASSETS
\n

Continued

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

\n	2025 Lifetime Blend Portfolio\n	2020 Lifetime Blend Portfolio\n	2015 Lifetime Blend Portfolio\n
\n	Year ended \n8-31-26 \n\n	Year ended \n8-31-25 \n\n	Year ended \n8-31-26 \n\n	Year ended \n8-31-25 \n\n	Year ended \n8-31-26 \n\n	Year ended \n8-31-25 \n\n
Increase (decrease) in net assets\n	\n	\n	\n	\n	\n	\n
From operations\n	\n	\n	\n	\n	\n	\n
Net investment income\n	$23,963,137\n	$20,935,979\n	$10,588,079\n	$9,855,154\n	$3,271,714\n	$3,205,518\n
Net realized gain\n	22,536,632\n	8,957,787\n	8,240,227\n	4,657,516\n	3,018,476\n	1,259,203\n
Change in net unrealized appreciation (depreciation)\n	42,795,666\n	26,193,965\n	14,443,294\n	8,144,897\n	2,213,954\n	2,071,890\n
Increase in net assets resulting from operations\n	89,295,435\n	56,087,731\n	33,271,600\n	22,657,567\n	8,504,144\n	6,536,611\n
Distributions to shareholders\n	\n	\n	\n	\n	\n	\n
From earnings\n	\n	\n	\n	\n	\n	\n
Class A\n	(10,849,646)\n	(6,605,947)\n	(5,229,855)\n	(3,783,401)\n	(1,463,988)\n	(1,069,670)\n
Class R4\n	(60,678)\n	(55,654)\n	(44,963)\n	(37,478)\n	(902)\n	(3,008)\n
Class R6\n	(4,589,482)\n	(4,098,927)\n	(2,158,811)\n	(1,889,848)\n	(887,162)\n	(934,157)\n
Class 1\n	(7,819,343)\n	(7,703,633)\n	(3,156,187)\n	(3,257,478)\n	(1,048,633)\n	(930,676)\n
Total distributions\n	(23,319,149)\n	(18,464,161)\n	(10,589,816)\n	(8,968,205)\n	(3,400,685)\n	(2,937,511)\n
Portfolio share transactions\n	\n	\n	\n	\n	\n	\n
From portfolio share transactions\n	(7,926,379)\n	72,014,481\n	(4,449,083)\n	11,809,589\n	(11,091,095)\n	5,722,758\n
Total increase (decrease)\n	58,049,907\n	109,638,051\n	18,232,701\n	25,498,951\n	(5,987,636)\n	9,321,858\n
Net assets\n	\n	\n	\n	\n	\n	\n
Beginning of year\n	765,703,916\n	656,065,865\n	322,115,657\n	296,616,706\n	98,332,017\n	89,010,159\n
End of year\n	$823,753,823\n	$765,703,916\n	$340,348,358\n	$322,115,657\n	$92,344,381\n	$98,332,017\n

SEE NOTES TO FINANCIAL STATEMENTS\n

ANNUAL REPORT | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS\n

22\n

\n\nTable of Contents\n\n

STATEMENTS OF CHANGES IN NET ASSETS
\n

Continued

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

\n	2010 Lifetime Blend Portfolio\n
\n	Year ended \n8-31-26 \n\n	Year ended \n8-31-25 \n\n
Increase (decrease) in net assets\n	\n	\n
From operations\n	\n	\n
Net investment income\n	$2,688,409\n	$2,595,189\n
Net realized gain\n	2,326,756\n	1,190,946\n
Change in net unrealized appreciation (depreciation)\n	777,375\n	785,682\n
Increase in net assets resulting from operations\n	5,792,540\n	4,571,817\n
Distributions to shareholders\n	\n	\n
From earnings\n	\n	\n
Class A\n	(834,847)\n	(609,344)\n
Class R4\n	(1,957)\n	(1,682)\n
Class R6\n	(571,317)\n	(519,979)\n
Class 1\n	(1,369,283)\n	(1,192,319)\n
Total distributions\n	(2,777,404)\n	(2,323,324)\n
Portfolio share transactions\n	\n	\n
From portfolio share transactions\n	(3,560,098)\n	4,496,234\n
Total increase (decrease)\n	(544,962)\n	6,744,727\n
Net assets\n	\n	\n
Beginning of year\n	73,777,168\n	67,032,441\n
End of year\n	$73,232,206\n	$73,777,168\n

23\n

JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | ANNUAL REPORT\n

SEE NOTES TO FINANCIAL STATEMENTS\n

\n\nTable of Contents\n\n

Financial highlights

2070 Lifetime Blend Portfolio

\n\n\n\n\n\n\n\n\n\n\n\n\n

Per share operating performance for a share outstanding throughout each period\n

Ratios and supplemental data\n

Income (loss) from investment operations\n

Less distributions\n

Ratios to average net assets\n

Period ended\n

Net asset
\nvalue,
\nbeginning
\nof period ($)\n

Net
\ninvestment
\nincome
\n(loss) ($)^{1, 2}\n

Net realized and
\nunrealized
\ngain (loss)
\non investments ($)\n

Total from
\ninvestment
\noperations ($)\n

From net
\ninvestment
\nincome ($)\n

From net
\nrealized
\ngain ($)\n

Total
\ndistributions ($)\n

Net asset
\nvalue,
\nend of
\nperiod ($)\n

Total
\nreturn
\n(%)³\n

Expenses
\nbefore
\nreductions
\n(%)⁴\n

Expenses
\nincluding
\nreductions
\n(%)⁴\n

Net
\ninvestment
\nincome
\n(loss) (%)²\n

Net
\nassets,
\nend of
\nperiod
\n(in thousands)\n

Portfolio
\nturnover
\n(%)\n

2070 Lifetime Blend Portfolio\n

Class A\n

08-31-2026\n

11.51\n

0.06⁵\n

2.33\n

2.39\n

(0.14)\n

(0.01)\n

(0.15)\n

13.75\n

20.91⁶\n

4.74\n

0.41\n

0.48⁵\n

897\n

68\n

08-31-2025⁷\n

10.00\n

0.01⁵\n

1.50\n

1.51\n

—\n

11.51\n

15.10^{6, 8}\n

93.47⁹\n

0.41¹⁰\n

0.30^{5, 10}\n

71\n

20\n

Class R6\n

08-31-2026\n

11.52\n

0.14⁵\n

2.31\n

2.45\n

(0.17)\n

(0.01)\n

(0.18)\n

13.79\n

21.48\n

4.34\n

0.01\n

1.06⁵\n

556\n

68\n

08-31-2025⁷\n

10.00\n

0.03⁵\n

1.49\n

1.52\n

—\n

11.52\n

15.20⁸\n

93.06⁹\n

0.01¹⁰\n

0.70^{5, 10}\n

113\n

20\n

Class 1\n

08-31-2026\n

11.52\n

0.15⁵\n

2.29\n

2.44\n

(0.17)\n

(0.01)\n

(0.18)\n

13.78\n

21.36\n

4.38\n

0.05\n

1.15⁵\n

8,482\n

68\n

08-31-2025⁷\n

10.00\n

0.03⁵\n

1.49\n

1.52\n

—\n

11.52\n

15.20⁸\n

93.10⁹\n

0.05¹⁰\n

0.64^{5, 10}\n

268\n

20\n

\n\n\n\n\n\n\n\n\n\n

¹ Based on average daily shares outstanding.\n

² Net investment income (loss) is affected by the timing and frequency of the declaration of dividends by the underlying funds in which the\nportfolio invests. Net investment income (loss) of any underlying funds is not included in the portfolio’s net investment income (loss) per share or net investment income (loss) ratio.\n

³ Total returns would have been lower had certain expenses not been reduced and other income not been received from the Advisor for\nreimbursement of indirect net expenses associated with the portfolio’s investments in underlying investment companies during the applicable periods.\n

⁴ Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the\nportfolio.\n

⁵ Net investment income (loss) per share and net investment income (loss) ratio reflect other income received from the Advisor for reimbursement\nof indirect net expenses associated with the portfolio’s investments in underlying investment companies of less than $0.005 and less than $0.005 per share and 0.03% and 0.03% for the periods ended 8-31-26 and\n8-31-25, respectively.\n

⁶ Does not reflect the effect of sales charges, if any.\n

⁷ Period from 4-24-25 (commencement of operations) through 8-31-25.\n

⁸ Not annualized.\n

⁹ Annualized. Certain expenses are presented unannualized.\n

¹⁰ Annualized.\n

SEE NOTES TO FINANCIAL STATEMENTS\n

ANNUAL REPORT | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS\n

24\n

\n\nTable of Contents\n\n

Financial highlights continued

2065 Lifetime Blend Portfolio

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Per share operating performance for a share outstanding throughout each period\n

Ratios and supplemental data\n

Income (loss) from investment operations\n

Less distributions\n

Ratios to average net assets\n

Period ended\n

Net asset
\nvalue,
\nbeginning
\nof period ($)\n

Net
\ninvestment
\nincome
\n(loss) ($)^{1, 2}\n

Net realized and
\nunrealized
\ngain (loss)
\non investments ($)\n

Total from
\ninvestment
\noperations ($)\n

From net
\ninvestment
\nincome ($)\n

From net
\nrealized
\ngain ($)\n

Total
\ndistributions ($)\n

Net asset
\nvalue,
\nend of
\nperiod ($)\n

Total
\nreturn
\n(%)³\n

Expenses
\nbefore
\nreductions
\n(%)⁴\n

Expenses
\nincluding
\nreductions
\n(%)⁴\n

Net
\ninvestment
\nincome
\n(loss) (%)²\n

Net
\nassets,
\nend of
\nperiod
\n(in thousands)\n

Portfolio
\nturnover
\n(%)\n

2065 Lifetime Blend Portfolio\n

Class A\n

08-31-2026\n

15.90\n

0.21⁵\n

3.05\n

3.26\n

(0.23)\n

(0.46)\n

18.70\n

20.85⁶\n

0.77\n

0.41\n

1.20⁵\n

36,076\n

9\n

08-31-2025\n

14.44\n

0.18⁵\n

1.74\n

1.92\n

(0.18)\n

(0.28)\n

(0.46)\n

15.90\n

13.73⁶\n

0.83\n

0.41\n

1.20⁵\n

17,662\n

14\n

08-31-2024\n

12.15\n

0.18⁵\n

2.33\n

2.51\n

(0.22)\n

—\n

(0.22)\n

14.44\n

20.92⁶\n

0.98\n

0.42\n

1.35⁵\n

8,331\n

41\n

08-31-2023\n

11.15\n

0.13\n

1.00\n

1.13\n

(0.13)\n

—\n

(0.13)\n

12.15\n

10.32⁶\n

1.22\n

0.42\n

1.16\n

3,032\n

12\n

08-31-2022\n

13.52\n

0.07⁵\n

(2.16)\n

(2.09)\n

(0.12)\n

(0.16)\n

(0.28)\n

11.15\n

(15.86)⁶\n

1.66\n

0.42\n

0.61⁵\n

1,417\n

89\n

Class R6\n

08-31-2026\n

15.91\n

0.29⁵\n

3.03\n

3.32\n

(0.29)\n

(0.23)\n

(0.52)\n

18.71\n

21.29\n

0.36\n

0.01\n

1.66⁵\n

31,970\n

9\n

08-31-2025\n

14.45\n

0.25⁵\n

1.73\n

1.98\n

(0.24)\n

(0.28)\n

(0.52)\n

15.91\n

14.17\n

0.42\n

0.01\n

1.70⁵\n

24,366\n

14\n

08-31-2024\n

12.15\n

0.24⁵\n

2.33\n

2.57\n

(0.27)\n

—\n

(0.27)\n

14.45\n

21.46\n

0.57\n

0.01\n

1.82⁵\n

10,961\n

41\n

08-31-2023\n

11.15\n

0.12\n

1.06\n

1.18\n

(0.18)\n

—\n

(0.18)\n

12.15\n

10.78\n

0.82\n

0.01\n

1.01\n

4,303\n

12\n

08-31-2022\n

13.52\n

0.19⁵\n

(2.23)\n

(2.04)\n

(0.17)\n

(0.16)\n

(0.33)\n

11.15\n

(15.52)\n

1.25\n

0.01\n

1.61⁵\n

410\n

89\n

Class 1\n

08-31-2026\n

15.92\n

0.28⁵\n

3.03\n

3.31\n

(0.28)\n

(0.23)\n

(0.51)\n

18.72\n

21.23\n

0.41\n

0.05\n

1.62⁵\n

126,396\n

9\n

08-31-2025\n

14.46\n

0.24⁵\n

1.74\n

1.98\n

(0.24)\n

(0.28)\n

(0.52)\n

15.92\n

14.12\n

0.47\n

0.05\n

1.66⁵\n

87,627\n

14\n

08-31-2024\n

12.16\n

0.26⁵\n

2.30\n

2.56\n

(0.26)\n

—\n

(0.26)\n

14.46\n

21.39\n

0.61\n

0.05\n

1.97⁵\n

55,712\n

41\n

08-31-2023\n

11.16\n

0.18\n

0.99\n

1.17\n

(0.17)\n

—\n

(0.17)\n

12.16\n

10.72\n

0.86\n

0.06\n

1.55\n

34,828\n

12\n

08-31-2022\n

13.52\n

0.16⁵\n

(2.19)\n

(2.03)\n

(0.17)\n

(0.16)\n

(0.33)\n

11.16\n

(15.48)\n

1.29\n

0.05\n

1.34⁵\n

15,871\n

89\n

\n\n\n\n\n\n

¹ Based on average daily shares outstanding.\n

⁴ Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the\nportfolio.\n

⁵ Net investment income (loss) per share and net investment income (loss) ratio reflect other income received from the Advisor for reimbursement\nof indirect net expenses associated with the portfolio’s investments in underlying investment companies of $0.01, less than $0.005, less than $0.005 and less than $0.005 per share and 0.03%, 0.03%, 0.01% and\n0.01% for the periods ended 8-31-26, 8-31-25, 8-31-24 and 8-31-22, respectively.\n

⁶ Does not reflect the effect of sales charges, if any.\n

25\n

JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | ANNUAL REPORT\n

SEE NOTES TO FINANCIAL STATEMENTS\n

\n\nTable of Contents\n\n

2060 Lifetime Blend Portfolio

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Per share operating performance for a share outstanding throughout each period\n

Ratios and supplemental data\n

Income (loss) from investment operations\n

Less distributions\n

Ratios to average net assets\n

Period ended\n

Net asset
\nvalue,
\nbeginning
\nof period ($)\n

Net
\ninvestment
\nincome
\n(loss) ($)^{1, 2}\n

Net realized and
\nunrealized
\ngain (loss)
\non investments ($)\n

Total from
\ninvestment
\noperations ($)\n

From net
\ninvestment
\nincome ($)\n

From net
\nrealized
\ngain ($)\n

Total
\ndistributions ($)\n

Net asset
\nvalue,
\nend of
\nperiod ($)\n

Total
\nreturn
\n(%)³\n

Expenses
\nbefore
\nreductions
\n(%)⁴\n

Expenses
\nincluding
\nreductions
\n(%)⁴\n

Net
\ninvestment
\nincome
\n(loss) (%)²\n

Net
\nassets,
\nend of
\nperiod
\n(in thousands)\n

Portfolio
\nturnover
\n(%)\n

2060 Lifetime Blend Portfolio\n

Class A\n

08-31-2026\n

17.96\n

0.24⁵\n

3.43\n

3.67\n

(0.26)\n

(0.33)\n

(0.59)\n

21.04\n

20.84⁶\n

0.72\n

0.41\n

1.21⁵\n

129,133\n

11\n

08-31-2025\n

16.02\n

0.22⁵\n

1.94\n

2.16\n

(0.22)\n

—\n

(0.22)\n

17.96\n

13.63⁶\n

0.74\n

0.41\n

1.31⁵\n

76,131\n

14\n

08-31-2024\n

13.48\n

0.21⁵\n

2.58\n

2.79\n

(0.25)\n

—\n

(0.25)\n

16.02\n

20.96⁶\n

0.79\n

0.42\n

1.43⁵\n

45,957\n

21\n

08-31-2023\n

12.97\n

0.16\n

1.09\n

1.25\n

(0.16)\n

(0.58)\n

(0.74)\n

13.48\n

10.37⁶\n

0.82\n

0.42\n

1.23\n

23,628\n

25\n

08-31-2022\n

16.14\n

0.13⁵\n

(2.55)\n

(2.42)\n

(0.17)\n

(0.58)\n

(0.75)\n

12.97\n

(15.84)⁶\n

0.84\n

0.42\n

0.94⁵\n

10,978\n

81\n

Class R4\n

08-31-2026\n

17.97\n

0.28⁵\n

3.40\n

3.68\n

(0.28)\n

(0.33)\n

(0.61)\n

21.04\n

20.94\n

0.66\n

0.26\n

1.42⁵\n

2,129\n

11\n

08-31-2025\n

16.02\n

0.25⁵\n

1.94\n

2.19\n

(0.24)\n

—\n

(0.24)\n

17.97\n

13.87\n

0.69\n

0.26\n

1.52⁵\n

1,585\n

14\n

08-31-2024\n

13.48\n

0.23⁵\n

2.58\n

2.81\n

(0.27)\n

—\n

(0.27)\n

16.02\n

21.14\n

0.73\n

0.25\n

1.58⁵\n

1,337\n

21\n

08-31-2023\n

12.97\n

0.19\n

1.08\n

1.27\n

(0.18)\n

(0.58)\n

(0.76)\n

13.48\n

10.55\n

0.76\n

0.27\n

1.46\n

3,050\n

25\n

08-31-2022\n

16.14\n

0.19⁵\n

(2.58)\n

(2.39)\n

(0.20)\n

(0.58)\n

(0.78)\n

12.97\n

(15.70)\n

0.78\n

0.26\n

1.31⁵\n

2,006\n

81\n

Class R6\n

08-31-2026\n

17.99\n

0.33⁵\n

3.40\n

3.73\n

(0.32)\n

(0.33)\n

(0.65)\n

21.07\n

21.25\n

0.31\n

—⁷\n

1.72⁵\n

90,950\n

11\n

08-31-2025\n

16.03\n

0.28⁵\n

1.96\n

2.24\n

(0.28)\n

—\n

(0.28)\n

17.99\n

14.19\n

0.34\n

0.01\n

1.69⁵\n

88,129\n

14\n

08-31-2024\n

13.49\n

0.27⁵\n

2.57\n

2.84\n

(0.30)\n

—\n

(0.30)\n

16.03\n

21.40\n

0.38\n

0.01\n

1.86⁵\n

62,824\n

21\n

08-31-2023\n

12.98\n

0.25\n

1.06\n

1.31\n

(0.22)\n

(0.58)\n

(0.80)\n

13.49\n

10.84\n

0.42\n

0.02\n

1.98\n

33,344\n

25\n

08-31-2022\n

16.16\n

0.22⁵\n

(2.59)\n

(2.37)\n

(0.23)\n

(0.58)\n

(0.81)\n

12.98\n

(15.54)\n

0.43\n

0.01\n

1.50⁵\n

32,711\n

81\n

Class 1\n

08-31-2026\n

17.98\n

0.32⁵\n

3.42\n

3.74\n

(0.32)\n

(0.33)\n

(0.65)\n

21.07\n

21.27\n

0.36\n

0.05\n

1.64⁵\n

226,553\n

11\n

08-31-2025\n

16.03\n

0.28⁵\n

1.94\n

2.22\n

(0.27)\n

—\n

(0.27)\n

17.98\n

14.09\n

0.38\n

0.05\n

1.72⁵\n

174,620\n

14\n

08-31-2024\n

13.49\n

0.29⁵\n

2.55\n

2.84\n

(0.30)\n

—\n

(0.30)\n

16.03\n

21.35\n

0.43\n

0.05\n

2.03⁵\n

134,735\n

21\n

08-31-2023\n

12.98\n

0.21\n

1.09\n

1.30\n

(0.21)\n

(0.58)\n

(0.79)\n

13.49\n

10.78\n

0.46\n

0.06\n

1.65\n

107,925\n

25\n

08-31-2022\n

16.15\n

0.22⁵\n

(2.58)\n

(2.36)\n

(0.23)\n

(0.58)\n

(0.81)\n

12.98\n

(15.52)\n

0.47\n

0.05\n

1.52⁵\n

71,791\n

81\n

\n\n\n\n\n\n\n

¹ Based on average daily shares outstanding.\n

⁴ Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the\nportfolio.\n

⁵ Net investment income (loss) per share and net investment income (loss) ratio reflect other income received from the Advisor for reimbursement\nof indirect net expenses associated with the portfolio’s investments in underlying investment companies of $0.01, less than $0.005, less than $0.005 and less than $0.005 per share and 0.03%, 0.03%, less than\n0.005% and 0.01% for the periods ended 8-31-26, 8-31-25, 8-31-24 and 8-31-22, respectively.\n

⁶ Does not reflect the effect of sales charges, if any.\n

⁷ Less than 0.005%.\n

SEE NOTES TO FINANCIAL STATEMENTS\n

ANNUAL REPORT | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS\n

26\n

\n\nTable of Contents\n\n

Financial highlights continued

2055 Lifetime Blend Portfolio

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Per share operating performance for a share outstanding throughout each period\n

Ratios and supplemental data\n

Income (loss) from investment operations\n

Less distributions\n

Ratios to average net assets\n

Period ended\n

Net asset
\nvalue,
\nbeginning
\nof period ($)\n

Net
\ninvestment
\nincome
\n(loss) ($)^{1, 2}\n

Net realized and
\nunrealized
\ngain (loss)
\non investments ($)\n

Total from
\ninvestment
\noperations ($)\n

From net
\ninvestment
\nincome ($)\n

From net
\nrealized
\ngain ($)\n

Total
\ndistributions ($)\n

Net asset
\nvalue,
\nend of
\nperiod ($)\n

Total
\nreturn
\n(%)³\n

Expenses
\nbefore
\nreductions
\n(%)⁴\n

Expenses
\nincluding
\nreductions
\n(%)⁴\n

Net
\ninvestment
\nincome
\n(loss) (%)²\n

Net
\nassets,
\nend of
\nperiod
\n(in thousands)\n

Portfolio
\nturnover
\n(%)\n

2055 Lifetime Blend Portfolio\n

Class A\n

08-31-2026\n

16.43\n

0.22⁵\n

3.13\n

3.35\n

(0.24)\n

(0.30)\n

(0.54)\n

19.24\n

20.85⁶\n

0.70\n

0.41\n

1.23⁵\n

224,096\n

10\n

08-31-2025\n

14.65\n

0.20⁵\n

1.78\n

1.98\n

(0.20)\n

—\n

(0.20)\n

16.43\n

13.69⁶\n

0.72\n

0.41\n

1.32⁵\n

143,954\n

14\n

08-31-2024\n

12.33\n

0.19⁵\n

2.36\n

2.55\n

(0.23)\n

—\n

(0.23)\n

14.65\n

20.92⁶\n

0.76\n

0.42\n

1.45⁵\n

92,965\n

21\n

08-31-2023\n

12.04\n

0.14\n

0.99\n

1.13\n

(0.15)\n

(0.69)\n

(0.84)\n

12.33\n

10.29⁶\n

0.77\n

0.43\n

1.22\n

50,736\n

29\n

08-31-2022\n

15.05\n

0.13⁵\n

(2.37)\n

(2.24)\n

(0.16)\n

(0.61)\n

(0.77)\n

12.04\n

(15.78)⁶\n

0.76\n

0.42\n

1.00⁵\n

23,337\n

79\n

Class R4\n

08-31-2026\n

16.40\n

0.26⁵\n

3.11\n

3.37\n

(0.27)\n

(0.30)\n

(0.57)\n

19.20\n

21.00\n

0.65\n

0.25\n

1.46⁵\n

1,982\n

10\n

08-31-2025\n

14.63\n

0.23⁵\n

1.76\n

1.99\n

(0.22)\n

—\n

(0.22)\n

16.40\n

13.81\n

0.66\n

0.26\n

1.50⁵\n

1,755\n

14\n

08-31-2024\n

12.31\n

0.21⁵\n

2.36\n

2.57\n

(0.25)\n

—\n

(0.25)\n

14.63\n

21.13\n

0.69\n

0.25\n

1.61⁵\n

1,626\n

21\n

08-31-2023\n

12.01\n

0.18\n

0.98\n

1.16\n

(0.17)\n

(0.69)\n

(0.86)\n

12.31\n

10.57\n

0.72\n

0.27\n

1.51\n

5,677\n

29\n

08-31-2022\n

15.03\n

0.18⁵\n

(2.41)\n

(2.23)\n

(0.18)\n

(0.61)\n

(0.79)\n

12.01\n

(15.73)\n

0.71\n

0.26\n

1.36⁵\n

4,586\n

79\n

Class R6\n

08-31-2026\n

16.43\n

0.30⁵\n

3.12\n

3.42\n

(0.31)\n

(0.30)\n

(0.61)\n

19.24\n

21.30\n

0.30\n

—⁷\n

1.71⁵\n

129,900\n

10\n

08-31-2025\n

14.65\n

0.26⁵\n

1.78\n

2.04\n

(0.26)\n

—\n

(0.26)\n

16.43\n

14.14\n

0.31\n

0.01\n

1.74⁵\n

130,554\n

14\n

08-31-2024\n

12.32\n

0.25⁵\n

2.36\n

2.61\n

(0.28)\n

—\n

(0.28)\n

14.65\n

21.47\n

0.35\n

0.01\n

1.87⁵\n

103,401\n

21\n

08-31-2023\n

12.03\n

0.25\n

0.93\n

1.18\n

(0.20)\n

(0.69)\n

(0.89)\n

12.32\n

10.77\n

0.37\n

0.02\n

2.09\n

53,947\n

29\n

08-31-2022\n

15.05\n

0.21⁵\n

(2.40)\n

(2.19)\n

(0.22)\n

(0.61)\n

(0.83)\n

12.03\n

(15.51)\n

0.36\n

0.01\n

1.56⁵\n

69,354\n

79\n

Class 1\n

08-31-2026\n

16.44\n

0.29⁵\n

3.12\n

3.41\n

(0.30)\n

(0.60)\n

19.25\n

21.24\n

0.34\n

0.05\n

1.65⁵\n

346,935\n

10\n

08-31-2025\n

14.66\n

0.26⁵\n

1.77\n

2.03\n

(0.25)\n

—\n

(0.25)\n

16.44\n

14.08\n

0.36\n

0.05\n

1.74⁵\n

275,896\n

14\n

08-31-2024\n

12.33\n

0.27⁵\n

2.33\n

2.60\n

(0.27)\n

—\n

(0.27)\n

14.66\n

21.41\n

0.39\n

0.05\n

2.04⁵\n

233,144\n

21\n

08-31-2023\n

12.04\n

0.20\n

0.98\n

1.18\n

(0.20)\n

(0.69)\n

(0.89)\n

12.33\n

10.70\n

0.41\n

0.06\n

1.69\n

192,729\n

29\n

08-31-2022\n

15.06\n

0.21⁵\n

(2.40)\n

(2.19)\n

(0.22)\n

(0.61)\n

(0.83)\n

12.04\n

(15.53)\n

0.40\n

0.05\n

1.54⁵\n

140,924\n

79\n

\n\n\n\n\n\n\n

¹ Based on average daily shares outstanding.\n

⁴ Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the\nportfolio.\n

⁵ Net investment income (loss) per share and net investment income (loss) ratio reflect other income received from the Advisor for reimbursement\nof indirect net expenses associated with the portfolio’s investments in underlying investment companies of $0.01, less than $0.005, less than $0.005 and less than $0.005 per share and 0.03%, 0.02%, less than\n0.005% and 0.01% for the periods ended 8-31-26, 8-31-25, 8-31-24 and 8-31-22, respectively.\n

⁶ Does not reflect the effect of sales charges, if any.\n

⁷ Less than 0.005%.\n

27\n

JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | ANNUAL REPORT\n

SEE NOTES TO FINANCIAL STATEMENTS\n

\n\nTable of Contents\n\n

2050 Lifetime Blend Portfolio

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Per share operating performance for a share outstanding throughout each period\n

Ratios and supplemental data\n

Income (loss) from investment operations\n

Less distributions\n

Ratios to average net assets\n

Period ended\n

Net asset
\nvalue,
\nbeginning
\nof period ($)\n

Net
\ninvestment
\nincome
\n(loss) ($)^{1, 2}\n

Net realized and
\nunrealized
\ngain (loss)
\non investments ($)\n

Total from
\ninvestment
\noperations ($)\n

From net
\ninvestment
\nincome ($)\n

From net
\nrealized
\ngain ($)\n

Total
\ndistributions ($)\n

Net asset
\nvalue,
\nend of
\nperiod ($)\n

Total
\nreturn
\n(%)³\n

Expenses
\nbefore
\nreductions
\n(%)⁴\n

Expenses
\nincluding
\nreductions
\n(%)⁴\n

Net
\ninvestment
\nincome
\n(loss) (%)²\n

Net
\nassets,
\nend of
\nperiod
\n(in thousands)\n

Portfolio
\nturnover
\n(%)\n

2050 Lifetime Blend Portfolio\n

Class A\n

08-31-2026\n

16.62\n

0.23⁵\n

3.15\n

3.38\n

(0.25)\n

(0.24)\n

(0.49)\n

19.51\n

20.74⁶\n

0.70\n

0.41\n

1.27⁵\n

284,739\n

11\n

08-31-2025\n

14.82\n

0.20⁵\n

1.80\n

2.00\n

(0.20)\n

—\n

(0.20)\n

16.62\n

13.68⁶\n

0.72\n

0.41\n

1.34⁵\n

195,955\n

14\n

08-31-2024\n

12.48\n

0.20⁵\n

2.37\n

2.57\n

(0.23)\n

—\n

(0.23)\n

14.82\n

20.87⁶\n

0.75\n

0.42\n

1.48⁵\n

134,576\n

20\n

08-31-2023\n

12.11\n

0.15\n

1.01\n

1.16\n

(0.16)\n

(0.63)\n

(0.79)\n

12.48\n

10.40⁶\n

0.76\n

0.43\n

1.28\n

75,211\n

32\n

08-31-2022\n

15.16\n

0.12⁵\n

(2.38)\n

(2.26)\n

(0.16)\n

(0.63)\n

(0.79)\n

12.11\n

(15.84)⁶\n

0.75\n

0.42\n

0.91⁵\n

37,655\n

80\n

Class R4\n

08-31-2026\n

16.60\n

0.26⁵\n

3.16\n

3.42\n

(0.28)\n

(0.24)\n

(0.52)\n

19.50\n

21.00\n

0.64\n

0.25\n

1.47⁵\n

2,196\n

11\n

08-31-2025\n

14.81\n

0.25⁵\n

1.77\n

2.02\n

(0.23)\n

—\n

(0.23)\n

16.60\n

13.80\n

0.66\n

0.26\n

1.64⁵\n

1,820\n

14\n

08-31-2024\n

12.46\n

0.20⁵\n

2.40\n

2.60\n

(0.25)\n

—\n

(0.25)\n

14.81\n

21.16\n

0.68\n

0.25\n

1.54⁵\n

1,965\n

20\n

08-31-2023\n

12.10\n

0.18\n

0.99\n

1.17\n

(0.18)\n

(0.63)\n

(0.81)\n

12.46\n

10.49\n

0.70\n

0.27\n

1.53\n

7,787\n

32\n

08-31-2022\n

15.14\n

0.19⁵\n

(2.42)\n

(2.23)\n

(0.18)\n

(0.63)\n

(0.81)\n

12.10\n

(15.65)\n

0.69\n

0.26\n

1.36⁵\n

6,648\n

80\n

Class R6\n

08-31-2026\n

16.61\n

0.31⁵\n

3.15\n

3.46\n

(0.32)\n

(0.24)\n

(0.56)\n

19.51\n

21.26\n

0.29\n

—⁷\n

1.71⁵\n

183,661\n

11\n

08-31-2025\n

14.81\n

0.27⁵\n

1.79\n

2.06\n

(0.26)\n

—\n

(0.26)\n

16.61\n

14.14\n

0.31\n

0.01\n

1.74⁵\n

175,347\n

14\n

08-31-2024\n

12.46\n

0.25⁵\n

2.38\n

2.63\n

(0.28)\n

—\n

(0.28)\n

14.81\n

21.44\n

0.34\n

0.01\n

1.85⁵\n

135,311\n

20\n

08-31-2023\n

12.11\n

0.25\n

0.94\n

1.19\n

(0.21)\n

(0.63)\n

(0.84)\n

12.46\n

10.71\n

0.35\n

0.02\n

2.11\n

74,465\n

32\n

08-31-2022\n

15.15\n

0.21⁵\n

(2.40)\n

(2.19)\n

(0.22)\n

(0.63)\n

(0.85)\n

12.11\n

(15.43)\n

0.34\n

0.01\n

1.57⁵\n

103,056\n

80\n

Class 1\n

08-31-2026\n

16.62\n

0.30⁵\n

3.16\n

3.46\n

(0.31)\n

(0.24)\n

(0.55)\n

19.53\n

21.26\n

0.34\n

0.05\n

1.66⁵\n

417,441\n

11\n

08-31-2025\n

14.82\n

0.26⁵\n

1.80\n

2.06\n

(0.26)\n

—\n

(0.26)\n

16.62\n

14.09\n

0.35\n

0.05\n

1.72⁵\n

344,419\n

14\n

08-31-2024\n

12.48\n

0.27⁵\n

2.35\n

2.62\n

(0.28)\n

—\n

(0.28)\n

14.82\n

21.28\n

0.38\n

0.05\n

2.06⁵\n

280,095\n

20\n

08-31-2023\n

12.11\n

0.20\n

1.00\n

1.20\n

(0.20)\n

(0.63)\n

(0.83)\n

12.48\n

10.82\n

0.40\n

0.06\n

1.69\n

241,685\n

32\n

08-31-2022\n

15.16\n

0.21⁵\n

(2.42)\n

(2.21)\n

(0.21)\n

(0.63)\n

(0.84)\n

12.11\n

(15.52)\n

0.38\n

0.05\n

1.53⁵\n

176,669\n

80\n

\n\n\n\n\n\n\n

¹ Based on average daily shares outstanding.\n

⁴ Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the\nportfolio.\n

⁵ Net investment income (loss) per share and net investment income (loss) ratio reflect other income received from the Advisor for reimbursement\nof indirect net expenses associated with the portfolio’s investments in underlying investment companies of $0.01, less than $0.005, less than $0.005 and less than $0.005 per share and 0.03%, 0.02%, less than\n0.005% and 0.01% for the periods ended 8-31-26, 8-31-25, 8-31-24 and 8-31-22, respectively.\n

⁶ Does not reflect the effect of sales charges, if any.\n

⁷ Less than 0.005%.\n

SEE NOTES TO FINANCIAL STATEMENTS\n

ANNUAL REPORT | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS\n

28\n

\n\nTable of Contents\n\n

Financial highlights continued

2045 Lifetime Blend Portfolio

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Per share operating performance for a share outstanding throughout each period\n

Ratios and supplemental data\n

Income (loss) from investment operations\n

Less distributions\n

Ratios to average net assets\n

Period ended\n

Net asset
\nvalue,
\nbeginning
\nof period ($)\n

Net
\ninvestment
\nincome
\n(loss) ($)^{1, 2}\n

Net realized and
\nunrealized
\ngain (loss)
\non investments ($)\n

Total from
\ninvestment
\noperations ($)\n

From net
\ninvestment
\nincome ($)\n

From net
\nrealized
\ngain ($)\n

Total
\ndistributions ($)\n

Net asset
\nvalue,
\nend of
\nperiod ($)\n

Total
\nreturn
\n(%)³\n

Expenses
\nbefore
\nreductions
\n(%)⁴\n

Expenses
\nincluding
\nreductions
\n(%)⁴\n

Net
\ninvestment
\nincome
\n(loss) (%)²\n

Net
\nassets,
\nend of
\nperiod
\n(in thousands)\n

Portfolio
\nturnover
\n(%)\n

2045 Lifetime Blend Portfolio\n

Class A\n

08-31-2026\n

15.99\n

0.26⁵\n

2.83\n

3.09\n

(0.27)\n

(0.25)\n

(0.52)\n

18.56\n

19.73⁶\n

0.71\n

0.41\n

1.48⁵\n

340,607\n

11\n

08-31-2025\n

14.39\n

0.22⁵\n

1.59\n

1.81\n

(0.21)\n

—\n

(0.21)\n

15.99\n

12.76⁶\n

0.72\n

0.41\n

1.49⁵\n

231,482\n

16\n

08-31-2024\n

12.19\n

0.21⁵\n

2.23\n

2.44\n

(0.24)\n

—\n

(0.24)\n

14.39\n

20.23⁶\n

0.75\n

0.42\n

1.61⁵\n

159,734\n

22\n

08-31-2023\n

11.94\n

0.15\n

0.93\n

1.08\n

(0.16)\n

(0.67)\n

(0.83)\n

12.19\n

9.92⁶\n

0.76\n

0.43\n

1.32\n

94,673\n

29\n

08-31-2022\n

14.96\n

0.12⁵\n

(2.33)\n

(2.21)\n

(0.16)\n

(0.65)\n

(0.81)\n

11.94\n

(15.74)⁶\n

0.74\n

0.42\n

0.94⁵\n

44,758\n

80\n

Class R4\n

08-31-2026\n

15.95\n

0.29⁵\n

2.82\n

3.11\n

(0.29)\n

(0.25)\n

(0.54)\n

18.52\n

19.96\n

0.65\n

0.25\n

1.71⁵\n

4,207\n

11\n

08-31-2025\n

14.35\n

0.25⁵\n

1.58\n

1.83\n

(0.23)\n

—\n

(0.23)\n

15.95\n

12.97\n

0.67\n

0.26\n

1.69⁵\n

3,875\n

16\n

08-31-2024\n

12.16\n

0.23⁵\n

2.21\n

2.44\n

(0.25)\n

—\n

(0.25)\n

14.35\n

20.38\n

0.68\n

0.25\n

1.76⁵\n

3,739\n

22\n

08-31-2023\n

11.91\n

0.19\n

0.91\n

1.10\n

(0.18)\n

(0.67)\n

(0.85)\n

12.16\n

10.11\n

0.70\n

0.27\n

1.59\n

7,909\n

29\n

08-31-2022\n

14.93\n

0.19⁵\n

(2.38)\n

(2.19)\n

(0.18)\n

(0.65)\n

(0.83)\n

11.91\n

(15.63)\n

0.68\n

0.26\n

1.38⁵\n

6,716\n

80\n

Class R6\n

08-31-2026\n

16.01\n

0.33⁵\n

2.84\n

3.17\n

(0.33)\n

(0.25)\n

(0.58)\n

18.60\n

20.28\n

0.30\n

—⁷\n

1.93⁵\n

202,992\n

11\n

08-31-2025\n

14.41\n

0.28⁵\n

1.59\n

1.87\n

(0.27)\n

—\n

(0.27)\n

16.01\n

13.19\n

0.31\n

0.01\n

1.89⁵\n

193,348\n

16\n

08-31-2024\n

12.20\n

0.26⁵\n

2.23\n

2.49\n

(0.28)\n

—\n

(0.28)\n

14.41\n

20.75\n

0.34\n

0.01\n

2.01⁵\n

151,805\n

22\n

08-31-2023\n

11.95\n

0.25\n

0.88\n

1.13\n

(0.21)\n

(0.67)\n

(0.88)\n

12.20\n

10.38\n

0.35\n

0.02\n

2.13\n

90,644\n

29\n

08-31-2022\n

14.97\n

0.22⁵\n

(2.37)\n

(2.15)\n

(0.22)\n

(0.65)\n

(0.87)\n

11.95\n

(15.39)\n

0.33\n

0.01\n

1.60⁵\n

122,435\n

80\n

Class 1\n

08-31-2026\n

16.00\n

0.33⁵\n

2.83\n

3.16\n

(0.33)\n

(0.25)\n

(0.58)\n

18.58\n

20.18\n

0.35\n

0.05\n

1.89⁵\n

503,580\n

11\n

08-31-2025\n

14.40\n

0.28⁵\n

1.58\n

1.86\n

(0.26)\n

—\n

(0.26)\n

16.00\n

13.16\n

0.36\n

0.05\n

1.88⁵\n

414,471\n

16\n

08-31-2024\n

12.19\n

0.28⁵\n

2.21\n

2.49\n

(0.28)\n

—\n

(0.28)\n

14.40\n

20.73\n

0.38\n

0.05\n

2.20⁵\n

352,759\n

22\n

08-31-2023\n

11.94\n

0.21\n

0.92\n

1.13\n

(0.21)\n

(0.67)\n

(0.88)\n

12.19\n

10.33\n

0.39\n

0.06\n

1.75\n

310,455\n

29\n

08-31-2022\n

14.96\n

0.21⁵\n

(2.37)\n

(2.16)\n

(0.21)\n

(0.65)\n

(0.86)\n

11.94\n

(15.43)\n

0.37\n

0.05\n

1.56⁵\n

235,373\n

80\n

\n\n\n\n\n\n\n

¹ Based on average daily shares outstanding.\n

⁴ Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the\nportfolio.\n

⁵ Net investment income (loss) per share and net investment income (loss) ratio reflect other income received from the Advisor for reimbursement\nof indirect net expenses associated with the portfolio’s investments in underlying investment companies of $0.01, less than $0.005, less than $0.005 and less than $0.005 per share and 0.03%, 0.02%, less than\n0.005% and 0.01% for the periods ended 8-31-26, 8-31-25, 8-31-24 and 8-31-22, respectively.\n

⁶ Does not reflect the effect of sales charges, if any.\n

⁷ Less than 0.005%.\n

29\n

JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | ANNUAL REPORT\n

SEE NOTES TO FINANCIAL STATEMENTS\n

\n\nTable of Contents\n\n

2040 Lifetime Blend Portfolio

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Per share operating performance for a share outstanding throughout each period\n

Ratios and supplemental data\n

Income (loss) from investment operations\n

Less distributions\n

Ratios to average net assets\n

Period ended\n

Net asset
\nvalue,
\nbeginning
\nof period ($)\n

Net
\ninvestment
\nincome
\n(loss) ($)^{1, 2}\n

Net realized and
\nunrealized
\ngain (loss)
\non investments ($)\n

Total from
\ninvestment
\noperations ($)\n

From net
\ninvestment
\nincome ($)\n

From net
\nrealized
\ngain ($)\n

Total
\ndistributions ($)\n

Net asset
\nvalue,
\nend of
\nperiod ($)\n

Total
\nreturn
\n(%)³\n

Expenses
\nbefore
\nreductions
\n(%)⁴\n

Expenses
\nincluding
\nreductions
\n(%)⁴\n

Net
\ninvestment
\nincome
\n(loss) (%)²\n

Net
\nassets,
\nend of
\nperiod
\n(in thousands)\n

Portfolio
\nturnover
\n(%)\n

2040 Lifetime Blend Portfolio\n

Class A\n

08-31-2026\n

15.31\n

0.29⁵\n

2.43\n

2.72\n

(0.29)\n

(0.15)\n

(0.44)\n

17.59\n

18.11⁶\n

0.73\n

0.41\n

1.77⁵\n

347,098\n

17\n

08-31-2025\n

13.95\n

0.25⁵\n

1.35\n

1.60\n

(0.24)\n

—\n

(0.24)\n

15.31\n

11.64⁶\n

0.74\n

0.41\n

1.75⁵\n

242,377\n

16\n

08-31-2024\n

11.93\n

0.23\n

2.03\n

2.26\n

(0.24)\n

—\n

(0.24)\n

13.95\n

19.14⁶\n

0.76\n

0.43\n

1.83\n

162,995\n

24\n

08-31-2023\n

11.77\n

0.17\n

0.77\n

0.94\n

(0.16)\n

(0.62)\n

(0.78)\n

11.93\n

8.72⁶\n

0.78\n

0.45\n

1.50\n

97,674\n

23\n

08-31-2022\n

14.71\n

0.14\n

(2.29)\n

(2.15)\n

(0.17)\n

(0.62)\n

(0.79)\n

11.77\n

(15.55)⁶\n

0.76\n

0.43\n

1.11\n

48,066\n

75\n

Class R4\n

08-31-2026\n

15.31\n

0.33⁵\n

2.42\n

2.75\n

(0.32)\n

(0.15)\n

(0.47)\n

17.59\n

18.28\n

0.67\n

0.25\n

2.03⁵\n

1,104\n

17\n

08-31-2025\n

13.95\n

0.29⁵\n

1.33\n

1.62\n

(0.26)\n

—\n

(0.26)\n

15.31\n

11.81\n

0.69\n

0.26\n

2.04⁵\n

1,059\n

16\n

08-31-2024\n

11.93\n

0.24\n

2.03\n

2.27\n

(0.25)\n

—\n

(0.25)\n

13.95\n

19.32\n

0.70\n

0.26\n

1.91\n

988\n

24\n

08-31-2023\n

11.77\n

0.20\n

0.76\n

0.96\n

(0.18)\n

(0.62)\n

(0.80)\n

11.93\n

8.88\n

0.72\n

0.29\n

1.76\n

7,572\n

23\n

08-31-2022\n

14.71\n

0.20\n

(2.32)\n

(2.12)\n

(0.20)\n

(0.62)\n

(0.82)\n

11.77\n

(15.40)\n

0.70\n

0.27\n

1.49\n

7,079\n

75\n

Class R6\n

08-31-2026\n

15.32\n

0.37⁵\n

2.42\n

2.79\n

(0.35)\n

(0.15)\n

(0.50)\n

17.61\n

18.61\n

0.32\n

—⁷\n

2.26⁵\n

209,921\n

17\n

08-31-2025\n

13.96\n

0.31⁵\n

1.34\n

1.65\n

(0.29)\n

—\n

(0.29)\n

15.32\n

12.08\n

0.34\n

0.01\n

2.16⁵\n

240,651\n

16\n

08-31-2024\n

11.94\n

0.27\n

2.03\n

2.30\n

(0.28)\n

—\n

(0.28)\n

13.96\n

19.58\n

0.35\n

0.02\n

2.15\n

200,564\n

24\n

08-31-2023\n

11.78\n

0.25\n

0.74\n

0.99\n

(0.21)\n

(0.62)\n

(0.83)\n

11.94\n

9.18\n

0.37\n

0.04\n

2.13\n

111,762\n

23\n

08-31-2022\n

14.72\n

0.23\n

(2.32)\n

(2.09)\n

(0.23)\n

(0.62)\n

(0.85)\n

11.78\n

(15.19)\n

0.36\n

0.02\n

1.71\n

107,439\n

75\n

Class 1\n

08-31-2026\n

15.31\n

0.35⁵\n

2.44\n

2.79\n

(0.35)\n

(0.15)\n

(0.50)\n

17.60\n

18.57\n

0.37\n

0.05\n

2.16⁵\n

546,461\n

17\n

08-31-2025\n

13.95\n

0.30⁵\n

1.35\n

1.65\n

(0.29)\n

—\n

(0.29)\n

15.31\n

12.04\n

0.38\n

0.05\n

2.14⁵\n

476,637\n

16\n

08-31-2024\n

11.93\n

0.30\n

2.00\n

2.30\n

(0.28)\n

—\n

(0.28)\n

13.95\n

19.55\n

0.40\n

0.06\n

2.35\n

400,363\n

24\n

08-31-2023\n

11.78\n

0.22\n

0.75\n

0.97\n

(0.20)\n

(0.62)\n

(0.82)\n

11.93\n

9.04\n

0.41\n

0.08\n

1.93\n

341,454\n

23\n

08-31-2022\n

14.72\n

0.22\n

(2.31)\n

(2.09)\n

(0.23)\n

(0.62)\n

(0.85)\n

11.78\n

(15.22)\n

0.40\n

0.06\n

1.67\n

273,561\n

75\n

\n\n\n\n\n\n\n

¹ Based on average daily shares outstanding.\n

⁴ Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the\nportfolio.\n

⁵ Net investment income (loss) per share and net investment income (loss) ratio reflect other income received from the Advisor for reimbursement\nof indirect net expenses associated with the portfolio’s investments in underlying investment companies of less than $0.005 and less than $0.005 per share and 0.02% and 0.01% for the periods ended 8-31-26 and\n8-31-25, respectively.\n

⁶ Does not reflect the effect of sales charges, if any.\n

⁷ Less than 0.005%.\n

SEE NOTES TO FINANCIAL STATEMENTS\n

ANNUAL REPORT | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS\n

30\n

\n\nTable of Contents\n\n

Financial highlights continued

2035 Lifetime Blend Portfolio

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Per share operating performance for a share outstanding throughout each period\n

Ratios and supplemental data\n

Income (loss) from investment operations\n

Less distributions\n

Ratios to average net assets\n

Period ended\n

Net asset
\nvalue,
\nbeginning
\nof period ($)\n

Net
\ninvestment
\nincome
\n(loss) ($)^{1, 2}\n

Net realized and
\nunrealized
\ngain (loss)
\non investments ($)\n

Total from
\ninvestment
\noperations ($)\n

From net
\ninvestment
\nincome ($)\n

From net
\nrealized
\ngain ($)\n

Total
\ndistributions ($)\n

Net asset
\nvalue,
\nend of
\nperiod ($)\n

Total
\nreturn
\n(%)³\n

Expenses
\nbefore
\nreductions
\n(%)⁴\n

Expenses
\nincluding
\nreductions
\n(%)⁴\n

Net
\ninvestment
\nincome
\n(loss) (%)²\n

Net
\nassets,
\nend of
\nperiod
\n(in thousands)\n

Portfolio
\nturnover
\n(%)\n

2035 Lifetime Blend Portfolio\n

Class A\n

08-31-2026\n

14.35\n

0.31⁵\n

1.97\n

2.28\n

(0.31)\n

(0.04)\n

(0.35)\n

16.28\n

16.13⁶\n

0.75\n

0.41\n

2.05⁵\n

408,359\n

16\n

08-31-2025\n

13.25\n

0.27⁵\n

1.08\n

1.35\n

(0.25)\n

—\n

(0.25)\n

14.35\n

10.42⁶\n

0.76\n

0.41\n

2.03⁵\n

288,903\n

15\n

08-31-2024\n

11.50\n

0.25\n

1.75\n

2.00\n

(0.25)\n

—\n

(0.25)\n

13.25\n

17.64⁶\n

0.78\n

0.44\n

2.08\n

191,546\n

31\n

08-31-2023\n

11.45\n

0.19\n

0.60\n

0.79\n

(0.18)\n

(0.56)\n

(0.74)\n

11.50\n

7.55⁶\n

0.79\n

0.47\n

1.71\n

113,951\n

19\n

08-31-2022\n

14.26\n

0.15\n

(2.20)\n

(2.05)\n

(0.17)\n

(0.59)\n

(0.76)\n

11.45\n

(15.29)⁶\n

0.78\n

0.45\n

1.22\n

56,843\n

69\n

Class R4\n

08-31-2026\n

14.35\n

0.35⁵\n

1.95\n

2.30\n

(0.33)\n

(0.04)\n

(0.37)\n

16.28\n

16.29\n

0.69\n

0.25\n

2.26⁵\n

5,470\n

16\n

08-31-2025\n

13.25\n

0.30⁵\n

1.07\n

1.37\n

(0.27)\n

—\n

(0.27)\n

14.35\n

10.60\n

0.70\n

0.26\n

2.26⁵\n

4,701\n

15\n

08-31-2024\n

11.49\n

0.28\n

1.75\n

2.03\n

(0.27)\n

—\n

(0.27)\n

13.25\n

17.92\n

0.72\n

0.28\n

2.30\n

4,687\n

31\n

08-31-2023\n

11.45\n

0.22\n

0.58\n

0.80\n

(0.20)\n

(0.56)\n

(0.76)\n

11.49\n

7.61\n

0.73\n

0.31\n

1.94\n

11,484\n

19\n

08-31-2022\n

14.26\n

0.21\n

(2.24)\n

(2.03)\n

(0.19)\n

(0.59)\n

(0.78)\n

11.45\n

(15.15)\n

0.72\n

0.29\n

1.62\n

9,617\n

69\n

Class R6\n

08-31-2026\n

14.36\n

0.38⁵\n

1.97\n

2.35\n

(0.37)\n

(0.04)\n

(0.41)\n

16.30\n

16.63\n

0.34\n

—⁷\n

2.51⁵\n

251,911\n

16\n

08-31-2025\n

13.26\n

0.33⁵\n

1.08\n

1.41\n

(0.31)\n

—\n

(0.31)\n

14.36\n

10.86\n

0.35\n

0.01\n

2.46⁵\n

260,603\n

15\n

08-31-2024\n

11.50\n

0.30\n

1.76\n

2.06\n

(0.30)\n

—\n

(0.30)\n

13.26\n

18.18\n

0.37\n

0.03\n

2.49\n

214,657\n

31\n

08-31-2023\n

11.46\n

0.25\n

0.58\n

0.83\n

(0.23)\n

(0.56)\n

(0.79)\n

11.50\n

7.90\n

0.38\n

0.06\n

2.23\n

136,676\n

19\n

08-31-2022\n

14.27\n

0.24\n

(2.23)\n

(1.99)\n

(0.23)\n

(0.59)\n

(0.82)\n

11.46\n

(14.93)\n

0.37\n

0.04\n

1.87\n

115,856\n

69\n

Class 1\n

08-31-2026\n

14.36\n

0.38⁵\n

1.96\n

2.34\n

(0.36)\n

(0.04)\n

(0.40)\n

16.30\n

16.58\n

0.39\n

0.05\n

2.47⁵\n

605,575\n

16\n

08-31-2025\n

13.26\n

0.33⁵\n

1.07\n

1.40\n

(0.30)\n

—\n

(0.30)\n

14.36\n

10.81\n

0.40\n

0.05\n

2.45⁵\n

539,816\n

15\n

08-31-2024\n

11.51\n

0.31\n

1.73\n

2.04\n

(0.29)\n

—\n

(0.29)\n

13.26\n

18.03\n

0.41\n

0.07\n

2.61\n

481,016\n

31\n

08-31-2023\n

11.46\n

0.24\n

0.59\n

0.83\n

(0.22)\n

(0.56)\n

(0.78)\n

11.51\n

7.94\n

0.43\n

0.10\n

2.14\n

414,039\n

19\n

08-31-2022\n

14.27\n

0.23\n

(2.23)\n

(2.00)\n

(0.22)\n

(0.59)\n

(0.81)\n

11.46\n

(14.97)\n

0.41\n

0.08\n

1.81\n

329,648\n

69\n

\n\n\n\n\n\n\n

¹ Based on average daily shares outstanding.\n

³ Total returns would have been lower had certain expenses not been reduced during the applicable periods.\n

⁴ Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the\nportfolio.\n

⁵ Net investment income (loss) per share and net investment income (loss) ratio reflect other income received from the Advisor for reimbursement\nof indirect net expenses associated with the portfolio’s investments in underlying investment companies of less than $0.005 and less than $0.005 per share and 0.02% and 0.01% for the periods ended 8-31-26 and\n8-31-25, respectively.\n

⁶ Does not reflect the effect of sales charges, if any.\n

⁷ Less than 0.005%.\n

31\n

JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | ANNUAL REPORT\n

SEE NOTES TO FINANCIAL STATEMENTS\n

\n\nTable of Contents\n\n

2030 Lifetime Blend Portfolio

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Per share operating performance for a share outstanding throughout each period\n

Ratios and supplemental data\n

Income (loss) from investment operations\n

Less distributions\n

Ratios to average net assets\n

Period ended\n

Net asset
\nvalue,
\nbeginning
\nof period ($)\n

Net
\ninvestment
\nincome
\n(loss) ($)^{1, 2}\n

Net realized and
\nunrealized
\ngain (loss)
\non investments ($)\n

Total from
\ninvestment
\noperations ($)\n

From net
\ninvestment
\nincome ($)\n

From net
\nrealized
\ngain ($)\n

Total
\ndistributions ($)\n

Net asset
\nvalue,
\nend of
\nperiod ($)\n

Total
\nreturn
\n(%)³\n

Expenses
\nbefore
\nreductions
\n(%)⁴\n

Expenses
\nincluding
\nreductions
\n(%)⁴\n

Net
\ninvestment
\nincome
\n(loss) (%)²\n

Net
\nassets,
\nend of
\nperiod
\n(in thousands)\n

Portfolio
\nturnover
\n(%)\n

2030 Lifetime Blend Portfolio\n

Class A\n

08-31-2026\n

13.36\n

0.34\n

1.48\n

1.82\n

(0.32)\n

(0.01)\n

(0.33)\n

14.85\n

13.85⁵\n

0.77\n

0.41\n

2.41\n

462,488\n

17\n

08-31-2025\n

12.51\n

0.30\n

0.83\n

1.13\n

(0.28)\n

—\n

(0.28)\n

13.36\n

9.21⁵\n

0.78\n

0.42\n

2.39\n

326,959\n

17\n

08-31-2024\n

11.04\n

0.27\n

1.46\n

1.73\n

(0.26)\n

—\n

(0.26)\n

12.51\n

15.93⁵\n

0.80\n

0.46\n

2.39\n

213,958\n

37\n

08-31-2023\n

11.15\n

0.21\n

0.43\n

0.64\n

(0.20)\n

(0.55)\n

(0.75)\n

11.04\n

6.32⁵\n

0.82\n

0.49\n

1.95\n

125,637\n

16\n

08-31-2022\n

13.81\n

0.19\n

(2.08)\n

(1.89)\n

(0.18)\n

(0.59)\n

(0.77)\n

11.15\n

(14.59)⁵\n

0.80\n

0.47\n

1.58\n

67,199\n

69\n

Class R4\n

08-31-2026\n

13.35\n

0.37\n

1.48\n

1.85\n

(0.34)\n

(0.01)\n

(0.35)\n

14.85\n

14.11\n

0.72\n

0.26\n

2.62\n

6,270\n

17\n

08-31-2025\n

12.51\n

0.33\n

0.81\n

1.14\n

(0.30)\n

—\n

(0.30)\n

13.35\n

9.31\n

0.72\n

0.26\n

2.60\n

6,248\n

17\n

08-31-2024\n

11.03\n

0.31\n

1.45\n

1.76\n

(0.28)\n

—\n

(0.28)\n

12.51\n

16.21\n

0.74\n

0.30\n

2.70\n

6,230\n

37\n

08-31-2023\n

11.15\n

0.24\n

0.41\n

0.65\n

(0.22)\n

(0.55)\n

(0.77)\n

11.03\n

6.37\n

0.76\n

0.33\n

2.21\n

12,187\n

16\n

08-31-2022\n

13.81\n

0.24\n

(2.11)\n

(1.87)\n

(0.20)\n

(0.59)\n

(0.79)\n

11.15\n

(14.44)\n

0.74\n

0.31\n

1.89\n

10,514\n

69\n

Class R6\n

08-31-2026\n

13.38\n

0.41\n

1.47\n

1.88\n

(0.37)\n

(0.01)\n

(0.38)\n

14.88\n

14.34\n

0.37\n

0.01\n

2.88\n

249,088\n

17\n

08-31-2025\n

12.53\n

0.36\n

0.82\n

1.18\n

(0.33)\n

—\n

(0.33)\n

13.38\n

9.64\n

0.37\n

0.01\n

2.85\n

269,880\n

17\n

08-31-2024\n

11.05\n

0.32\n

1.47\n

1.79\n

(0.31)\n

—\n

(0.31)\n

12.53\n

16.45\n

0.39\n

0.05\n

2.80\n

235,274\n

37\n

08-31-2023\n

11.16\n

0.26\n

0.42\n

0.68\n

(0.24)\n

(0.55)\n

(0.79)\n

11.05\n

6.76\n

0.41\n

0.08\n

2.40\n

155,732\n

16\n

08-31-2022\n

13.82\n

0.27\n

(2.10)\n

(1.83)\n

(0.24)\n

(0.59)\n

(0.83)\n

11.16\n

(14.23)\n

0.39\n

0.06\n

2.15\n

104,775\n

69\n

Class 1\n

08-31-2026\n

13.37\n

0.40\n

1.47\n

1.87\n

(0.37)\n

(0.01)\n

(0.38)\n

14.86\n

14.22\n

0.41\n

0.05\n

2.82\n

489,712\n

17\n

08-31-2025\n

12.52\n

0.35\n

0.82\n

1.17\n

(0.32)\n

—\n

(0.32)\n

13.37\n

9.60\n

0.42\n

0.05\n

2.81\n

468,534\n

17\n

08-31-2024\n

11.04\n

0.33\n

1.45\n

1.78\n

(0.30)\n

—\n

(0.30)\n

12.52\n

16.43\n

0.44\n

0.09\n

2.90\n

428,750\n

37\n

08-31-2023\n

11.16\n

0.26\n

0.41\n

0.67\n

(0.24)\n

(0.55)\n

(0.79)\n

11.04\n

6.62\n

0.45\n

0.13\n

2.41\n

389,584\n

16\n

08-31-2022\n

13.82\n

0.26\n

(2.10)\n

(1.84)\n

(0.23)\n

(0.59)\n

(0.82)\n

11.16\n

(14.25)\n

0.43\n

0.10\n

2.09\n

332,831\n

69\n

\n\n\n\n\n

¹ Based on average daily shares outstanding.\n

³ Total returns would have been lower had certain expenses not been reduced during the applicable periods.\n

⁴ Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the\nportfolio.\n

⁵ Does not reflect the effect of sales charges, if any.\n

SEE NOTES TO FINANCIAL STATEMENTS\n

ANNUAL REPORT | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS\n

32\n

\n\nTable of Contents\n\n

Financial highlights continued

2025 Lifetime Blend Portfolio

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Per share operating performance for a share outstanding throughout each period\n

Ratios and supplemental data\n

Income (loss) from investment operations\n

Less distributions\n

Ratios to average net assets\n

Period ended\n

Net asset
\nvalue,
\nbeginning
\nof period ($)\n

Net
\ninvestment
\nincome
\n(loss) ($)^{1, 2}\n

Net realized and
\nunrealized
\ngain (loss)
\non investments ($)\n

Total from
\ninvestment
\noperations ($)\n

From net
\ninvestment
\nincome ($)\n

From net
\nrealized
\ngain ($)\n

Total
\ndistributions ($)\n

Net asset
\nvalue,
\nend of
\nperiod ($)\n

Total
\nreturn
\n(%)³\n

Expenses
\nbefore
\nreductions
\n(%)⁴\n

Expenses
\nincluding
\nreductions
\n(%)⁴\n

Net
\ninvestment
\nincome
\n(loss) (%)²\n

Net
\nassets,
\nend of
\nperiod
\n(in thousands)\n

Portfolio
\nturnover
\n(%)\n

2025 Lifetime Blend Portfolio\n

Class A\n

08-31-2026\n

12.37\n

0.36\n

1.05\n

1.41\n

(0.36)\n

—⁵\n

(0.36)\n

13.42\n

11.59⁶\n

0.81\n

0.45\n

2.79\n

455,742\n

19\n

08-31-2025\n

11.77\n

0.33\n

0.57\n

0.90\n

(0.30)\n

—\n

(0.30)\n

12.37\n

7.87⁶\n

0.82\n

0.45\n

2.78\n

349,812\n

22\n

08-31-2024\n

10.57\n

0.30\n

1.18\n

1.48\n

(0.28)\n

—\n

(0.28)\n

11.77\n

14.25⁶\n

0.85\n

0.51\n

2.73\n

236,640\n

49\n

08-31-2023\n

10.67\n

0.23\n

0.27\n

0.50\n

(0.22)\n

(0.38)\n

(0.60)\n

10.57\n

5.05⁶\n

0.86\n

0.54\n

2.26\n

150,550\n

21\n

08-31-2022\n

13.07\n

0.21\n

(1.84)\n

(1.63)\n

(0.19)\n

(0.58)\n

(0.77)\n

10.67\n

(13.36)⁶\n

0.84\n

0.51\n

1.88\n

85,495\n

59\n

Class R4\n

08-31-2026\n

12.36\n

0.38\n

1.05\n

1.43\n

(0.38)\n

—⁵\n

(0.38)\n

13.41\n

11.77\n

0.75\n

0.29\n

2.97\n

2,124\n

19\n

08-31-2025\n

11.76\n

0.35\n

0.57\n

0.92\n

(0.32)\n

—\n

(0.32)\n

12.36\n

8.04\n

0.76\n

0.29\n

3.00\n

2,019\n

22\n

08-31-2024\n

10.57\n

0.33\n

1.16\n

1.49\n

(0.30)\n

—\n

(0.30)\n

11.76\n

14.33\n

0.79\n

0.35\n

3.08\n

2,187\n

49\n

08-31-2023\n

10.66\n

0.26\n

0.52\n

(0.23)\n

(0.38)\n

(0.61)\n

10.57\n

5.32\n

0.80\n

0.38\n

2.49\n

6,192\n

21\n

08-31-2022\n

13.07\n

0.26\n

(1.88)\n

(1.62)\n

(0.21)\n

(0.58)\n

(0.79)\n

10.66\n

(13.30)\n

0.78\n

0.35\n

2.15\n

6,167\n

59\n

Class R6\n

08-31-2026\n

12.38\n

0.42\n

1.05\n

1.47\n

(0.41)\n

—⁵\n

(0.41)\n

13.44\n

12.10\n

0.40\n

0.04\n

3.23\n

131,419\n

19\n

08-31-2025\n

11.78\n

0.38\n

0.57\n

0.95\n

(0.35)\n

—\n

(0.35)\n

12.38\n

8.30\n

0.41\n

0.04\n

3.23\n

155,776\n

22\n

08-31-2024\n

10.58\n

0.34\n

1.19\n

1.53\n

(0.33)\n

—\n

(0.33)\n

11.78\n

14.68\n

0.44\n

0.10\n

3.15\n

149,300\n

49\n

08-31-2023\n

10.68\n

0.28\n

0.26\n

0.54\n

(0.26)\n

(0.38)\n

(0.64)\n

10.58\n

5.50\n

0.45\n

0.13\n

2.70\n

117,356\n

21\n

08-31-2022\n

13.09\n

0.28\n

(1.87)\n

(1.59)\n

(0.24)\n

(0.58)\n

(0.82)\n

10.68\n

(13.06)\n

0.43\n

0.10\n

2.39\n

85,455\n

59\n

Class 1\n

08-31-2026\n

12.36\n

0.41\n

1.05\n

1.46\n

(0.40)\n

—⁵\n

(0.40)\n

13.42\n

12.07\n

0.45\n

0.09\n

3.19\n

234,469\n

19\n

08-31-2025\n

11.77\n

0.38\n

0.55\n

0.93\n

(0.34)\n

—\n

(0.34)\n

12.36\n

8.17\n

0.46\n

0.09\n

3.22\n

258,097\n

22\n

08-31-2024\n

10.57\n

0.35\n

1.17\n

1.52\n

(0.32)\n

—\n

(0.32)\n

11.77\n

14.65\n

0.48\n

0.14\n

3.25\n

267,940\n

49\n

08-31-2023\n

10.67\n

0.28\n

0.25\n

0.53\n

(0.25)\n

(0.38)\n

(0.63)\n

10.57\n

5.45\n

0.49\n

0.17\n

2.69\n

278,000\n

21\n

08-31-2022\n

13.08\n

0.28\n

(1.88)\n

(1.60)\n

(0.23)\n

(0.58)\n

(0.81)\n

10.67\n

(13.10)\n

0.47\n

0.14\n

2.35\n

261,009\n

59\n

\n\n\n\n\n\n

¹ Based on average daily shares outstanding.\n

³ Total returns would have been lower had certain expenses not been reduced during the applicable periods.\n

⁴ Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the\nportfolio.\n

⁵ Less than $0.005 per share.\n

⁶ Does not reflect the effect of sales charges, if any.\n

33\n

JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | ANNUAL REPORT\n

SEE NOTES TO FINANCIAL STATEMENTS\n

\n\nTable of Contents\n\n

2020 Lifetime Blend Portfolio

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Per share operating performance for a share outstanding throughout each period\n

Ratios and supplemental data\n

Income (loss) from investment operations\n

Less distributions\n

Ratios to average net assets\n

Period ended\n

Net asset
\nvalue,
\nbeginning
\nof period ($)\n

Net
\ninvestment
\nincome
\n(loss) ($)^{1, 2}\n

Net realized and
\nunrealized
\ngain (loss)
\non investments ($)\n

Total from
\ninvestment
\noperations ($)\n

From net
\ninvestment
\nincome ($)\n

From net
\nrealized
\ngain ($)\n

Total
\ndistributions ($)\n

Net asset
\nvalue,
\nend of
\nperiod ($)\n

Total
\nreturn
\n(%)³\n

Expenses
\nbefore
\nreductions
\n(%)⁴\n

Expenses
\nincluding
\nreductions
\n(%)⁴\n

Net
\ninvestment
\nincome
\n(loss) (%)²\n

Net
\nassets,
\nend of
\nperiod
\n(in thousands)\n

Portfolio
\nturnover
\n(%)\n

2020 Lifetime Blend Portfolio\n

Class A\n

08-31-2026\n

11.66\n

0.36\n

0.83\n

1.19\n

(0.37)\n

—⁵\n

(0.37)\n

12.48\n

10.40⁶\n

0.86\n

0.48\n

2.99\n

198,497\n

22\n

08-31-2025\n

11.18\n

0.33\n

0.46\n

0.79\n

(0.31)\n

—\n

(0.31)\n

11.66\n

7.26⁶\n

0.88\n

0.48\n

3.01\n

159,806\n

28\n

08-31-2024\n

10.15\n

0.31\n

1.01\n

1.32\n

(0.29)\n

—\n

(0.29)\n

11.18\n

13.23⁶\n

0.92\n

0.55\n

2.96\n

124,547\n

59\n

08-31-2023\n

10.19\n

0.25\n

0.18\n

0.43\n

(0.23)\n

(0.24)\n

(0.47)\n

10.15\n

4.52⁶\n

0.93\n

0.59\n

2.49\n

92,504\n

23\n

08-31-2022\n

12.40\n

0.23\n

(1.65)\n

(1.42)\n

(0.20)\n

(0.59)\n

(0.79)\n

10.19\n

(12.31)⁶\n

0.94\n

0.57\n

2.16\n

58,199\n

54\n

Class R4\n

08-31-2026\n

11.65\n

0.38\n

0.82\n

1.20\n

(0.39)\n

—⁵\n

(0.39)\n

12.46\n

10.49\n

0.81\n

0.33\n

3.16\n

1,401\n

22\n

08-31-2025\n

11.16\n

0.35\n

0.46\n

0.81\n

(0.32)\n

—\n

(0.32)\n

11.65\n

7.54\n

0.82\n

0.32\n

3.18\n

1,334\n

28\n

08-31-2024\n

10.14\n

0.34\n

0.99\n

1.33\n

(0.31)\n

—\n

(0.31)\n

11.16\n

13.32\n

0.86\n

0.39\n

3.31\n

1,278\n

59\n

08-31-2023\n

10.18\n

0.27\n

0.18\n

0.45\n

(0.25)\n

(0.24)\n

(0.49)\n

10.14\n

4.68\n

0.87\n

0.43\n

2.71\n

3,448\n

23\n

08-31-2022\n

12.39\n

0.27\n

(1.67)\n

(1.40)\n

(0.22)\n

(0.59)\n

(0.81)\n

10.18\n

(12.17)\n

0.87\n

0.41\n

2.36\n

3,551\n

54\n

Class R6\n

08-31-2026\n

11.68\n

0.41\n

0.84\n

1.25\n

(0.42)\n

—⁵\n

(0.42)\n

12.51\n

10.90\n

0.46\n

0.08\n

3.41\n

59,811\n

22\n

08-31-2025\n

11.20\n

0.38\n

0.45\n

0.83\n

(0.35)\n

—\n

(0.35)\n

11.68\n

7.68\n

0.47\n

0.08\n

3.41\n

65,764\n

28\n

08-31-2024\n

10.17\n

0.35\n

1.01\n

1.36\n

(0.33)\n

—\n

(0.33)\n

11.20\n

13.65\n

0.50\n

0.14\n

3.35\n

61,553\n

59\n

08-31-2023\n

10.21\n

0.29\n

0.18\n

0.47\n

(0.27)\n

(0.24)\n

(0.51)\n

10.17\n

4.94\n

0.52\n

0.18\n

2.92\n

53,407\n

23\n

08-31-2022\n

12.42\n

0.30\n

(1.67)\n

(1.37)\n

(0.25)\n

(0.59)\n

(0.84)\n

10.21\n

(11.92)\n

0.53\n

0.16\n

2.62\n

42,809\n

54\n

Class 1\n

08-31-2026\n

11.67\n

0.41\n

0.82\n

1.23\n

(0.41)\n

—⁵\n

(0.41)\n

12.49\n

10.78\n

0.50\n

0.12\n

3.39\n

80,639\n

22\n

08-31-2025\n

11.18\n

0.38\n

0.46\n

0.84\n

(0.35)\n

—\n

(0.35)\n

11.67\n

7.74\n

0.51\n

0.12\n

3.42\n

95,212\n

28\n

08-31-2024\n

10.15\n

0.36\n

1.00\n

1.36\n

(0.33)\n

—\n

(0.33)\n

11.18\n

13.63\n

0.55\n

0.19\n

3.42\n

109,238\n

59\n

08-31-2023\n

10.20\n

0.29\n

0.17\n

0.46\n

(0.27)\n

(0.24)\n

(0.51)\n

10.15\n

4.79\n

0.57\n

0.23\n

2.89\n

120,362\n

23\n

08-31-2022\n

12.41\n

0.29\n

(1.67)\n

(1.38)\n

(0.24)\n

(0.59)\n

(0.83)\n

10.20\n

(11.96)\n

0.57\n

0.20\n

2.58\n

113,942\n

54\n

\n\n\n\n\n\n

¹ Based on average daily shares outstanding.\n

³ Total returns would have been lower had certain expenses not been reduced during the applicable periods.\n

⁴ Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the\nportfolio.\n

⁵ Less than $0.005 per share.\n

⁶ Does not reflect the effect of sales charges, if any.\n

SEE NOTES TO FINANCIAL STATEMENTS\n

ANNUAL REPORT | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS\n

34\n

\n\nTable of Contents\n\n

Financial highlights continued

2015 Lifetime Blend Portfolio

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Per share operating performance for a share outstanding throughout each period\n

Ratios and supplemental data\n

Income (loss) from investment operations\n

Less distributions\n

Ratios to average net assets\n

Period ended\n

Net asset
\nvalue,
\nbeginning
\nof period ($)\n

Net
\ninvestment
\nincome
\n(loss) ($)^{1, 2}\n

Net realized and
\nunrealized
\ngain (loss)
\non investments ($)\n

Total from
\ninvestment
\noperations ($)\n

From net
\ninvestment
\nincome ($)\n

From net
\nrealized
\ngain ($)\n

Total
\ndistributions ($)\n

Net asset
\nvalue,
\nend of
\nperiod ($)\n

Total
\nreturn
\n(%)³\n

Expenses
\nbefore
\nreductions
\n(%)⁴\n

Expenses
\nincluding
\nreductions
\n(%)⁴\n

Net
\ninvestment
\nincome
\n(loss) (%)²\n

Net
\nassets,
\nend of
\nperiod
\n(in thousands)\n

Portfolio
\nturnover
\n(%)\n

2015 Lifetime Blend Portfolio\n

Class A\n

08-31-2026\n

11.08\n

0.36\n

0.62\n

0.98\n

(0.39)\n

—⁵\n

(0.39)\n

11.67\n

9.00⁶\n

1.00\n

0.51\n

3.20\n

45,464\n

20\n

08-31-2025\n

10.68\n

0.34\n

0.37\n

0.71\n

(0.31)\n

—\n

(0.31)\n

11.08\n

6.91⁶\n

1.00\n

0.50\n

3.21\n

42,978\n

32\n

08-31-2024\n

9.76\n

0.31\n

0.89\n

1.20\n

(0.28)\n

—\n

(0.28)\n

10.68\n

12.50⁶\n

1.06\n

0.57\n

3.13\n

33,628\n

68\n

08-31-2023\n

9.79\n

0.25\n

0.15\n

0.40\n

(0.24)\n

(0.19)\n

(0.43)\n

9.76\n

4.30⁶\n

1.09\n

0.61\n

2.62\n

25,675\n

28\n

08-31-2022\n

11.76\n

0.24\n

(1.51)\n

(1.27)\n

(0.19)\n

(0.51)\n

(0.70)\n

9.79\n

(11.55)⁶\n

1.11\n

0.58\n

2.34\n

12,908\n

64\n

Class R4\n

08-31-2026\n

11.06\n

0.39\n

0.61\n

1.00\n

(0.41)\n

—⁵\n

(0.41)\n

11.65\n

9.20\n

0.94\n

0.35\n

3.41\n

17\n

20\n

08-31-2025\n

10.67\n

0.36\n

0.72\n

(0.33)\n

—\n

(0.33)\n

11.06\n

7.00\n

0.94\n

0.35\n

3.39\n

23\n

32\n

08-31-2024\n

9.75\n

0.36\n

0.86\n

1.22\n

(0.30)\n

—\n

(0.30)\n

10.67\n

12.68\n

0.99\n

0.40\n

3.61\n

92\n

68\n

08-31-2023\n

9.78\n

0.27\n

0.14\n

0.41\n

(0.25)\n

(0.19)\n

(0.44)\n

9.75\n

4.45\n

1.03\n

0.45\n

2.82\n

524\n

28\n

08-31-2022\n

11.75\n

0.27\n

(1.52)\n

(1.25)\n

(0.21)\n

(0.51)\n

(0.72)\n

9.78\n

(11.41)\n

1.06\n

0.42\n

2.50\n

592\n

64\n

Class R6\n

08-31-2026\n

11.09\n

0.41\n

0.62\n

1.03\n

(0.43)\n

—⁵\n

(0.43)\n

11.69\n

9.50\n

0.60\n

0.11\n

3.64\n

21,451\n

20\n

08-31-2025\n

10.69\n

0.39\n

0.37\n

0.76\n

(0.36)\n

—\n

(0.36)\n

11.09\n

7.34\n

0.59\n

0.10\n

3.67\n

26,282\n

32\n

08-31-2024\n

9.77\n

0.35\n

0.89\n

1.24\n

(0.32)\n

—\n

(0.32)\n

10.69\n

12.92\n

0.65\n

0.16\n

3.49\n

25,499\n

68\n

08-31-2023\n

9.81\n

0.29\n

0.13\n

0.42\n

(0.27)\n

(0.19)\n

(0.46)\n

9.77\n

4.61\n

0.68\n

0.20\n

3.02\n

18,648\n

28\n

08-31-2022\n

11.77\n

0.30\n

(1.51)\n

(1.21)\n

(0.24)\n

(0.51)\n

(0.75)\n

9.81\n

(11.08)\n

0.71\n

0.17\n

2.76\n

17,101\n

64\n

Class 1\n

08-31-2026\n

11.09\n

0.41\n

0.60\n

1.01\n

(0.42)\n

—⁵\n

(0.42)\n

11.68\n

9.47\n

0.64\n

0.15\n

3.60\n

25,412\n

20\n

08-31-2025\n

10.69\n

0.38\n

0.37\n

0.75\n

(0.35)\n

—\n

(0.35)\n

11.09\n

7.19\n

0.64\n

0.14\n

3.58\n

29,050\n

32\n

08-31-2024\n

9.77\n

0.36\n

0.88\n

1.24\n

(0.32)\n

—\n

(0.32)\n

10.69\n

12.88\n

0.69\n

0.20\n

3.60\n

29,791\n

68\n

08-31-2023\n

9.80\n

0.29\n

0.15\n

0.44\n

(0.28)\n

(0.19)\n

(0.47)\n

9.77\n

4.71\n

0.72\n

0.24\n

3.01\n

33,628\n

28\n

08-31-2022\n

11.77\n

0.30\n

(1.53)\n

(1.23)\n

(0.23)\n

(0.51)\n

(0.74)\n

9.80\n

(11.20)\n

0.75\n

0.22\n

2.74\n

32,841\n

64\n

\n\n\n\n\n\n

¹ Based on average daily shares outstanding.\n

³ Total returns would have been lower had certain expenses not been reduced during the applicable periods.\n

⁴ Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the\nportfolio.\n

⁵ Less than $0.005 per share.\n

⁶ Does not reflect the effect of sales charges, if any.\n

35\n

JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | ANNUAL REPORT\n

SEE NOTES TO FINANCIAL STATEMENTS\n

\n\nTable of Contents\n\n

2010 Lifetime Blend Portfolio

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Per share operating performance for a share outstanding throughout each period\n

Ratios and supplemental data\n

Income (loss) from investment operations\n

Less distributions\n

Ratios to average net assets\n

Period ended\n

Net asset
\nvalue,
\nbeginning
\nof period ($)\n

Net
\ninvestment
\nincome
\n(loss) ($)^{1, 2}\n

Net realized and
\nunrealized
\ngain (loss)
\non investments ($)\n

Total from
\ninvestment
\noperations ($)\n

From net
\ninvestment
\nincome ($)\n

From net
\nrealized
\ngain ($)\n

Total
\ndistributions ($)\n

Net asset
\nvalue,
\nend of
\nperiod ($)\n

Total
\nreturn
\n(%)³\n

Expenses
\nbefore
\nreductions
\n(%)⁴\n

Expenses
\nincluding
\nreductions
\n(%)⁴\n

Net
\ninvestment
\nincome
\n(loss) (%)²\n

Net
\nassets,
\nend of
\nperiod
\n(in thousands)\n

Portfolio
\nturnover
\n(%)\n

2010 Lifetime Blend Portfolio\n

Class A\n

08-31-2026\n

10.66\n

0.37\n

0.45\n

0.82\n

(0.37)\n

—⁵\n

(0.37)\n

11.11\n

7.89⁶\n

1.07\n

0.53\n

3.41\n

29,444\n

31\n

08-31-2025\n

10.33\n

0.35\n

0.30\n

0.65\n

(0.32)\n

—\n

(0.32)\n

10.66\n

6.50⁶\n

1.07\n

0.52\n

3.42\n

21,989\n

40\n

08-31-2024\n

9.54\n

0.32\n

0.77\n

1.09\n

(0.30)\n

—\n

(0.30)\n

10.33\n

11.57⁶\n

1.14\n

0.58\n

3.28\n

16,302\n

74\n

08-31-2023\n

9.67\n

0.27\n

0.09\n

0.36\n

(0.27)\n

(0.22)\n

(0.49)\n

9.54\n

4.02⁶\n

1.20\n

0.63\n

2.84\n

10,298\n

35\n

08-31-2022\n

11.49\n

0.26\n

(1.42)\n

(1.16)\n

(0.21)\n

(0.45)\n

(0.66)\n

9.67\n

(10.72)⁶\n

1.26\n

0.60\n

2.55\n

3,404\n

69\n

Class R4\n

08-31-2026\n

10.66\n

0.40\n

0.45\n

0.85\n

(0.40)\n

—⁵\n

(0.40)\n

11.11\n

8.17\n

0.92\n

0.28\n

3.69\n

54\n

31\n

08-31-2025\n

10.33\n

0.38\n

0.29\n

0.67\n

(0.34)\n

—\n

(0.34)\n

10.66\n

6.78\n

0.91\n

0.26\n

3.70\n

52\n

40\n

08-31-2024\n

9.53\n

0.35\n

0.76\n

1.11\n

(0.31)\n

—\n

(0.31)\n

10.33\n

11.86\n

1.03\n

0.37\n

3.64\n

50\n

74\n

08-31-2023\n

9.66\n

0.29\n

0.09\n

0.38\n

(0.29)\n

(0.22)\n

(0.51)\n

9.53\n

4.19\n

1.12\n

0.45\n

3.04\n

113\n

35\n

08-31-2022\n

11.48\n

0.29\n

(1.43)\n

(1.14)\n

(0.23)\n

(0.45)\n

(0.68)\n

9.66\n

(10.58)\n

1.18\n

0.42\n

2.71\n

218\n

69\n

Class R6\n

08-31-2026\n

10.67\n

0.42\n

0.46\n

0.88\n

(0.42)\n

—⁵\n

(0.42)\n

11.13\n

8.41\n

0.66\n

0.12\n

3.84\n

12,924\n

31\n

08-31-2025\n

10.34\n

0.39\n

0.30\n

0.69\n

(0.36)\n

—\n

(0.36)\n

10.67\n

6.93\n

0.66\n

0.11\n

3.83\n

15,778\n

40\n

08-31-2024\n

9.55\n

0.36\n

0.76\n

1.12\n

(0.33)\n

—\n

(0.33)\n

10.34\n

12.00\n

0.73\n

0.17\n

3.68\n

13,973\n

74\n

08-31-2023\n

9.68\n

0.30\n

0.10\n

0.40\n

(0.31)\n

(0.22)\n

(0.53)\n

9.55\n

4.46\n

0.79\n

0.22\n

3.15\n

10,672\n

35\n

08-31-2022\n

11.50\n

0.31\n

(1.42)\n

(1.11)\n

(0.26)\n

(0.45)\n

(0.71)\n

9.68\n

(10.34)\n

0.86\n

0.19\n

2.92\n

7,161\n

69\n

Class 1\n

08-31-2026\n

10.66\n

0.41\n

0.45\n

0.86\n

(0.41)\n

—⁵\n

(0.41)\n

11.11\n

8.27\n

0.71\n

0.17\n

3.81\n

30,809\n

31\n

08-31-2025\n

10.33\n

0.39\n

0.29\n

0.68\n

(0.35)\n

—\n

(0.35)\n

10.66\n

6.89\n

0.70\n

0.15\n

3.79\n

35,958\n

40\n

08-31-2024\n

9.54\n

0.36\n

0.76\n

1.12\n

(0.33)\n

—\n

(0.33)\n

10.33\n

11.97\n

0.77\n

0.22\n

3.73\n

36,707\n

74\n

08-31-2023\n

9.67\n

0.30\n

0.10\n

0.40\n

(0.31)\n

(0.22)\n

(0.53)\n

9.54\n

4.43\n

0.83\n

0.26\n

3.14\n

38,203\n

35\n

08-31-2022\n

11.49\n

0.30\n

(1.41)\n

(1.11)\n

(0.26)\n

(0.45)\n

(0.71)\n

9.67\n

(10.38)\n

0.90\n

0.23\n

2.89\n

33,971\n

69\n

\n\n\n\n\n\n

¹ Based on average daily shares outstanding.\n

³ Total returns would have been lower had certain expenses not been reduced during the applicable periods.\n

⁴ Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the\nportfolio.\n

⁵ Less than $0.005 per share.\n

⁶ Does not reflect the effect of sales charges, if any.\n

SEE NOTES TO FINANCIAL STATEMENTS\n

ANNUAL REPORT | JOHN HANCOCK LIFETIME BLEND PORTFOLIOS\n

36\n

\n\nTable of Contents\n\n

Notes to financial statements

Note 1—Organization

John Hancock Funds II (the Trust) is\nan 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\ninvestment series, thirteen of which are presented in this report (collectively, the Lifetime Blend Portfolios, or the portfolios and individually, the portfolio). The portfolios operate as “funds of\nfunds” 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\nclasses of shares. The shares currently offered by the portfolios are detailed in the Statements of assets and liabilities. Class A shares are offered to all investors. Class R4 shares are available only to certain\nretirement and 529 plans. Class R6 shares are only available to certain retirement plans, institutions and other investors. Class 1 shares are offered only to certain affiliates of Manulife Financial Corporation.\nShareholders 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.

Class R4 shares of Lifetime Blend\n2065 were fully redeemed on December 16, 2025.

The investment objective of each\nportfolio is to seek high total return through each portfolio’s target retirement dates, with a greater focus on income beyond the target dates. Total return, commonly understood as the combination of income and\ncapital appreciation, includes interest, capital gains, dividends, and distributions realized over a given period of time.

The accounting policies of the\nunderlying 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\nSecurities 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\nunderlying funds are not covered by this report.

Note 2—Significant accounting policies

The financial statements have been\nprepared 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\nstatements. 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\nGAAP.

Events or transactions occurring\nafter 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\npolicies 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\ndisruption 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\nNYSE 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,\nthe 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\ntheir 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\nexchange 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\nobligations 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\ntrading 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\nvalued in U.S. dollars based on foreign currency exchange rates supplied by an independent pricing vendor.

In certain instances, the Pricing\nCommittee 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\ntrading as scheduled, or if trading closed earlier than scheduled, and trading occurred as normal on another exchange or market.

Other portfolio securities and\nassets, 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\nBoard 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\nmarket for such securities existed. Trading in foreign securities may be completed before the scheduled daily close of trading on the NYSE. Significant events at the issuer or market level may affect the values of\nsecurities 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\nthe 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\nforeign 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\nhierarchy 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\nsecurities, 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,\nprepayment 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\nsecurities 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\ndetermining 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\nrisks associated with investing in those securities. Changes in valuation techniques and related inputs may result in transfers into or out of an assigned level within the disclosure hierarchy.

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\n\nTable of Contents\n\n

The following is a summary of the\nvalues by input classification of the portfolios’ investments as of August 31, 2026, by major security category or type:

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

\n	Total \nvalue at \n8-31-26\n	Level 1 \nquoted price\n	Level 2 \nsignificant \nobservable \ninputs\n	Level 3 \nsignificant \nunobservable \ninputs\n
2070 Lifetime Blend Portfolio\n	\n	\n	\n	\n
Investments in securities:\n	\n	\n	\n	\n
Assets\n	\n	\n	\n	\n
Affiliated investment companies\n	$6,141,063\n	$6,141,063\n	—\n	—\n
Unaffiliated investment companies\n	3,757,154\n	3,757,154\n	—\n	—\n
U.S. Government and Agency obligations\n	27,494\n	—\n	$27,494\n	—\n
Short-term investments\n	30,523\n	30,523\n	—\n	—\n
Total investments in securities\n	$9,956,234\n	$9,928,740\n	$27,494\n	—\n
\n
2065 Lifetime Blend Portfolio\n	\n	\n	\n	\n
Investments in securities:\n	\n	\n	\n	\n
Assets\n	\n	\n	\n	\n
Affiliated investment companies\n	$120,017,732\n	$120,017,732\n	—\n	—\n
Unaffiliated investment companies\n	73,699,881\n	73,699,881\n	—\n	—\n
Common stocks\n	723\n	—\n	—\n	$723\n
U.S. Government and Agency obligations\n	713,580\n	—\n	$713,580\n	—\n
Short-term investments\n	167,509\n	167,509\n	—\n	—\n
Total investments in securities\n	$194,599,425\n	$193,885,122\n	$713,580\n	$723\n
\n
2060 Lifetime Blend Portfolio\n	\n	\n	\n	\n
Investments in securities:\n	\n	\n	\n	\n
Assets\n	\n	\n	\n	\n
Affiliated investment companies\n	$276,946,947\n	$276,946,947\n	—\n	—\n
Unaffiliated investment companies\n	169,997,604\n	169,997,604\n	—\n	—\n
Common stocks\n	5,606\n	—\n	—\n	$5,606\n
U.S. Government and Agency obligations\n	1,837,911\n	—\n	$1,837,911\n	—\n
Short-term investments\n	283,702\n	283,702\n	—\n	—\n
Total investments in securities\n	$449,071,770\n	$447,228,253\n	$1,837,911\n	$5,606\n
\n
2055 Lifetime Blend Portfolio\n	\n	\n	\n	\n
Investments in securities:\n	\n	\n	\n	\n
Assets\n	\n	\n	\n	\n
Affiliated investment companies\n	$433,608,728\n	$433,608,728\n	—\n	—\n
Unaffiliated investment companies\n	266,355,281\n	266,355,281\n	—\n	—\n
Common stocks\n	11,737\n	—\n	—\n	$11,737\n
U.S. Government and Agency obligations\n	2,926,444\n	—\n	$2,926,444\n	—\n
Short-term investments\n	363,601\n	363,601\n	—\n	—\n
Total investments in securities\n	$703,265,791\n	$700,327,610\n	$2,926,444\n	$11,737\n
\n
2050 Lifetime Blend Portfolio\n	\n	\n	\n	\n
Investments in securities:\n	\n	\n	\n	\n
Assets\n	\n	\n	\n	\n
Affiliated investment companies\n	$549,768,169\n	$549,768,169\n	—\n	—\n
Unaffiliated investment companies\n	334,463,776\n	334,463,776\n	—\n	—\n
Common stocks\n	16,080\n	—\n	—\n	$16,080\n
U.S. Government and Agency obligations\n	3,802,956\n	—\n	$3,802,956\n	—\n
Short-term investments\n	13,333\n	13,333\n	—\n	—\n
Total investments in securities\n	$888,064,314\n	$884,245,278\n	$3,802,956\n	$16,080\n
\n
2045 Lifetime Blend Portfolio\n	\n	\n	\n	\n
Investments in securities:\n	\n	\n	\n	\n
Assets\n	\n	\n	\n	\n

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\n\nTable of Contents\n\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

\n	Total \nvalue at \n8-31-26\n	Level 1 \nquoted price\n	Level 2 \nsignificant \nobservable \ninputs\n	Level 3 \nsignificant \nunobservable \ninputs\n
2045 Lifetime Blend Portfolio (continued)\n	\n	\n	\n	\n
Affiliated investment companies\n	$638,536,573\n	$638,536,573\n	—\n	—\n
Unaffiliated investment companies\n	407,333,437\n	407,333,437\n	—\n	—\n
Common stocks\n	20,528\n	—\n	—\n	$20,528\n
U.S. Government and Agency obligations\n	6,113,170\n	—\n	$6,113,170\n	—\n
Short-term investments\n	202,581\n	202,581\n	—\n	—\n
Total investments in securities\n	$1,052,206,289\n	$1,046,072,591\n	$6,113,170\n	$20,528\n
\n
2040 Lifetime Blend Portfolio\n	\n	\n	\n	\n
Investments in securities:\n	\n	\n	\n	\n
Assets\n	\n	\n	\n	\n
Affiliated investment companies\n	$658,211,108\n	$658,211,108\n	—\n	—\n
Unaffiliated investment companies\n	437,487,885\n	437,487,885\n	—\n	—\n
Common stocks\n	19,785\n	—\n	—\n	$19,785\n
U.S. Government and Agency obligations\n	8,875,923\n	—\n	$8,875,923\n	—\n
Short-term investments\n	2,096,459\n	2,096,459\n	—\n	—\n
Total investments in securities\n	$1,106,691,160\n	$1,097,795,452\n	$8,875,923\n	$19,785\n
\n
2035 Lifetime Blend Portfolio\n	\n	\n	\n	\n
Investments in securities:\n	\n	\n	\n	\n
Assets\n	\n	\n	\n	\n
Affiliated investment companies\n	$745,370,396\n	$745,370,396\n	—\n	—\n
Unaffiliated investment companies\n	500,217,070\n	500,217,070\n	—\n	—\n
Common stocks\n	21,177\n	—\n	—\n	$21,177\n
U.S. Government and Agency obligations\n	25,953,865\n	—\n	$25,953,865\n	—\n
Short-term investments\n	3,771,115\n	3,771,115\n	—\n	—\n
Total investments in securities\n	$1,275,333,623\n	$1,249,358,581\n	$25,953,865\n	$21,177\n
\n
2030 Lifetime Blend Portfolio\n	\n	\n	\n	\n
Investments in securities:\n	\n	\n	\n	\n
Assets\n	\n	\n	\n	\n
Affiliated investment companies\n	$667,405,018\n	$667,405,018\n	—\n	—\n
Unaffiliated investment companies\n	495,613,415\n	495,613,415\n	—\n	—\n
Common stocks\n	18,972\n	—\n	—\n	$18,972\n
U.S. Government and Agency obligations\n	44,372,902\n	—\n	$44,372,902\n	—\n
Short-term investments\n	368,788\n	368,788\n	—\n	—\n
Total investments in securities\n	$1,207,779,095\n	$1,163,387,221\n	$44,372,902\n	$18,972\n
\n
2025 Lifetime Blend Portfolio\n	\n	\n	\n	\n
Investments in securities:\n	\n	\n	\n	\n
Assets\n	\n	\n	\n	\n
Affiliated investment companies\n	$447,651,650\n	$447,651,650\n	—\n	—\n
Unaffiliated investment companies\n	333,298,292\n	333,298,292\n	—\n	—\n
Common stocks\n	12,786\n	—\n	—\n	$12,786\n
U.S. Government and Agency obligations\n	42,589,136\n	—\n	$42,589,136\n	—\n
Short-term investments\n	27,358,674\n	27,358,674\n	—\n	—\n
Total investments in securities\n	$850,910,538\n	$808,308,616\n	$42,589,136\n	$12,786\n
\n
2020 Lifetime Blend Portfolio\n	\n	\n	\n	\n
Investments in securities:\n	\n	\n	\n	\n
Assets\n	\n	\n	\n	\n

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\n\nTable of Contents\n\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

\n	Total \nvalue at \n8-31-26\n	Level 1 \nquoted price\n	Level 2 \nsignificant \nobservable \ninputs\n	Level 3 \nsignificant \nunobservable \ninputs\n
2020 Lifetime Blend Portfolio (continued)\n	\n	\n	\n	\n
Affiliated investment companies\n	$170,111,524\n	$170,111,524\n	—\n	—\n
Unaffiliated investment companies\n	147,764,069\n	147,764,069\n	—\n	—\n
Common stocks\n	3,944\n	—\n	—\n	$3,944\n
U.S. Government and Agency obligations\n	22,482,656\n	—\n	$22,482,656\n	—\n
Short-term investments\n	1,269\n	1,269\n	—\n	—\n
Total investments in securities\n	$340,363,462\n	$317,876,862\n	$22,482,656\n	$3,944\n
\n
2015 Lifetime Blend Portfolio\n	\n	\n	\n	\n
Investments in securities:\n	\n	\n	\n	\n
Assets\n	\n	\n	\n	\n
Affiliated investment companies\n	$42,560,322\n	$42,560,322\n	—\n	—\n
Unaffiliated investment companies\n	42,390,850\n	42,390,850\n	—\n	—\n
Common stocks\n	1,014\n	—\n	—\n	$1,014\n
U.S. Government and Agency obligations\n	7,498,641\n	—\n	$7,498,641\n	—\n
Short-term investments\n	35,929\n	35,929\n	—\n	—\n
Total investments in securities\n	$92,486,756\n	$84,987,101\n	$7,498,641\n	$1,014\n
\n
2010 Lifetime Blend Portfolio\n	\n	\n	\n	\n
Investments in securities:\n	\n	\n	\n	\n
Assets\n	\n	\n	\n	\n
Affiliated investment companies\n	$31,436,109\n	$31,436,109\n	—\n	—\n
Unaffiliated investment companies\n	34,873,387\n	34,873,387\n	—\n	—\n
Common stocks\n	543\n	—\n	—\n	$543\n
U.S. Government and Agency obligations\n	6,914,804\n	—\n	$6,914,804\n	—\n
Short-term investments\n	1,626\n	1,626\n	—\n	—\n
Total investments in securities\n	$73,226,469\n	$66,311,122\n	$6,914,804\n	$543\n

Level 3 includes securities valued\nat $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,\nsuch 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\nrecorded 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\nrecorded, 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\nprincipal 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\nassets 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\nresponse 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\ninterest payments because the borrower or issuer has defaulted on its obligation.

Security transactions and related\ninvestment 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\nreported 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\nnon-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\ndistributions 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\nknown 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\nvalue of the securities received. Gains and losses on securities sold are determined on the basis of identified cost and may include proceeds from litigation.

Securities lending. The portfolios may lend their securities to earn additional income. The portfolios receive collateral from the borrower in an amount not less than the market value of the loaned\nsecurities. 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\nfund 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\nrecall loaned securities on demand. If a borrower fails to return loaned securities when due, then the lending agent is responsible and

| JOHN HANCOCK LIFETIME BLEND PORTFOLIOS\n

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\n\nTable of Contents\n\n

indemnifies the portfolios for the lent securities.\nThe 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\npurchase 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\nsecurities 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\nexpected 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\ndistributions 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\nand 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\ncomponent of securities lending income as recorded on the Statements of operations.

Obligations to repay collateral\nreceived 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\nsecurities loaned by the portfolios and the corresponding cash collateral received at August 31, 2026. In addition, non-cash collateral in the form of U.S. Treasuries was pledged, as indicated below. This\nnon-cash collateral cannot be sold or repledged by the portfolios, and accordingly, is not reflected in the portfolios’ net assets.

\n\n\n\n\n\n\n\n\n

Portfolio\n	Market value of securities on loan\n	Cash collateral received\n	Non-cash collateral\n
2065 Lifetime Blend Portfolio\n	$139,817\n	$143,175\n	—\n
2060 Lifetime Blend Portfolio\n	1,294,827\n	273,900\n	$1,048,123\n
2055 Lifetime Blend Portfolio\n	316,108\n	323,700\n	—\n
2045 Lifetime Blend Portfolio\n	182,370\n	186,750\n	—\n
2040 Lifetime Blend Portfolio\n	2,271,108\n	2,083,200\n	233,913\n
2035 Lifetime Blend Portfolio\n	10,484,270\n	3,461,100\n	7,247,973\n
2030 Lifetime Blend Portfolio\n	6,079\n	6,225\n	—\n
2025 Lifetime Blend Portfolio\n	32,543,277\n	27,344,925\n	5,905,046\n

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\nsecurities, 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\nreflected 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\nvalue of securities denominated in that currency.

Portfolios that invest\ninternationally 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\nhigher 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\nsecurities. 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\noverdraft, 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\noverdraft, 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 The Bank of New York Mellon as the administrative agent that enables them to\nparticipate in a $1 billion unsecured committed line of credit, which is in effect through July 12, 2027 unless extended or renewed. Excluding commitments designated for certain funds and subject to the needs of all\nother 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. Prior to July 13, 2026, a\nsimilar syndicated line of credit agreement was held with Citibank N.A. 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\neach participating portfolio based on an asset-based allocation and is reflected in Other expenses on the Statements of operations. For the year ended August 31, 2026, the portfolios had no borrowings under the\nline of credit.

Commitment fees for the year ended\nAugust 31, 2026 were as follows:

\n\n\n\n\n\n\n\n\n\n\n\n

Portfolio\n	Commitment fee\n
2070 Lifetime Blend Portfolio\n	$23\n
2065 Lifetime Blend Portfolio\n	828\n
2060 Lifetime Blend Portfolio\n	2,020\n
2055 Lifetime Blend Portfolio\n	3,195\n
2050 Lifetime Blend Portfolio\n	4,105\n
2045 Lifetime Blend Portfolio\n	4,825\n
2040 Lifetime Blend Portfolio\n	5,351\n
2035 Lifetime Blend Portfolio\n	6,054\n
2030 Lifetime Blend Portfolio\n	5,853\n
2025 Lifetime Blend Portfolio\n	4,097\n
2020 Lifetime Blend Portfolio\n	1,710\n

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\n\nTable of Contents\n\n

\n\n\n

Portfolio\n	Commitment fee\n
2015 Lifetime Blend Portfolio\n	$490\n
2010 Lifetime Blend Portfolio\n	373\n

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\nattributable 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\nassets. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known. The 2070 Lifetime Blend Portfolio incurred offering costs of $100,663 which are\namortized over the portfolio’s first year of operations. During the year ended August 31, 2026, $65,362 of offering costs were expensed and are included in Offering costs within the Statements of\nOperations.

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.\nClass-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\nrates 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\nincome tax on taxable income that is distributed to shareholders. Therefore, no federal income tax provision is required.

As of August 31, 2026, the\nportfolios 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\nService for a period of three years.

For federal income tax purposes, the\ncosts of investments owned on August 31, 2026, including short-term investments, were as follows:

\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Portfolio\n	Aggregate \ncost\n	Unrealized \nappreciation\n	Unrealized \n(depreciation)\n	Net unrealized \nappreciation/ \n(depreciation)\n
2070 Lifetime Blend Portfolio\n	$8,997,196\n	$968,588\n	$(9,550)\n	$959,038\n
2065 Lifetime Blend Portfolio\n	148,304,498\n	46,523,735\n	(228,808)\n	46,294,927\n
2060 Lifetime Blend Portfolio\n	320,606,545\n	129,015,167\n	(549,942)\n	128,465,225\n
2055 Lifetime Blend Portfolio\n	491,388,103\n	212,817,880\n	(940,192)\n	211,877,688\n
2050 Lifetime Blend Portfolio\n	614,969,379\n	274,341,271\n	(1,246,336)\n	273,094,935\n
2045 Lifetime Blend Portfolio\n	752,966,474\n	301,618,888\n	(2,379,073)\n	299,239,815\n
2040 Lifetime Blend Portfolio\n	809,363,106\n	300,844,870\n	(3,516,816)\n	297,328,054\n
2035 Lifetime Blend Portfolio\n	981,265,599\n	299,259,878\n	(5,191,854)\n	294,068,024\n
2030 Lifetime Blend Portfolio\n	977,909,053\n	236,161,094\n	(6,291,052)\n	229,870,042\n
2025 Lifetime Blend Portfolio\n	729,456,431\n	125,880,894\n	(4,426,787)\n	121,454,107\n
2020 Lifetime Blend Portfolio\n	299,109,960\n	43,238,049\n	(1,984,547)\n	41,253,502\n
2015 Lifetime Blend Portfolio\n	83,265,964\n	9,607,457\n	(386,665)\n	9,220,792\n
2010 Lifetime Blend Portfolio\n	68,930,819\n	4,598,685\n	(303,035)\n	4,295,650\n

Distribution of income and\ngains. Distributions to shareholders from net investment income and net realized gains, if any, are recorded on the ex-date. The portfolios generally declare and pay dividends and\ncapital gain distributions, if any, annually.

The tax character of distributions\nfor the year ended August 31, 2026 was as follows:

\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Portfolio\n	Ordinary \nIncome\n	Long Term \nCapital Gains\n	Total\n
2070 Lifetime Blend Portfolio\n	$38,183\n	—\n	$38,183\n
2065 Lifetime Blend Portfolio\n	2,543,267\n	$2,009,197\n	4,552,464\n
2060 Lifetime Blend Portfolio\n	6,320,491\n	6,222,054\n	12,542,545\n
2055 Lifetime Blend Portfolio\n	10,140,548\n	9,882,499\n	20,023,047\n
2050 Lifetime Blend Portfolio\n	13,164,352\n	10,229,648\n	23,394,000\n
2045 Lifetime Blend Portfolio\n	16,852,435\n	13,132,946\n	29,985,381\n
2040 Lifetime Blend Portfolio\n	21,572,813\n	9,012,683\n	30,585,496\n
2035 Lifetime Blend Portfolio\n	27,071,502\n	2,304,096\n	29,375,598\n
2030 Lifetime Blend Portfolio\n	29,249,718\n	—\n	29,249,718\n
2025 Lifetime Blend Portfolio\n	23,319,149\n	—\n	23,319,149\n
2020 Lifetime Blend Portfolio\n	10,589,816\n	—\n	10,589,816\n
2015 Lifetime Blend Portfolio\n	3,400,685\n	—\n	3,400,685\n
2010 Lifetime Blend Portfolio\n	2,777,404\n	—\n	2,777,404\n

The tax character of distributions\nfor the year ended August 31, 2025 was as follows:

| JOHN HANCOCK LIFETIME BLEND PORTFOLIOS\n

42\n

\n\nTable of Contents\n\n

\n\n\n\n\n\n\n\n\n\n\n\n\n

Portfolio\n	Ordinary \nIncome\n	Long Term \nCapital Gains\n	Total\n
2065 Lifetime Blend Portfolio\n	$1,446,149\n	$1,703,765\n	$3,149,914\n
2060 Lifetime Blend Portfolio\n	4,276,380\n	—\n	4,276,380\n
2055 Lifetime Blend Portfolio\n	7,406,435\n	—\n	7,406,435\n
2050 Lifetime Blend Portfolio\n	9,455,723\n	—\n	9,455,723\n
2045 Lifetime Blend Portfolio\n	12,034,673\n	—\n	12,034,673\n
2040 Lifetime Blend Portfolio\n	15,634,663\n	—\n	15,634,663\n
2035 Lifetime Blend Portfolio\n	19,995,624\n	—\n	19,995,624\n
2030 Lifetime Blend Portfolio\n	22,563,783\n	—\n	22,563,783\n
2025 Lifetime Blend Portfolio\n	18,464,161\n	—\n	18,464,161\n
2020 Lifetime Blend Portfolio\n	8,968,205\n	—\n	8,968,205\n
2015 Lifetime Blend Portfolio\n	2,937,511\n	—\n	2,937,511\n
2010 Lifetime Blend Portfolio\n	2,323,324\n	—\n	2,323,324\n

Distributions paid by the\nportfolios 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.\nAs of August 31, 2026, the components of distributable earnings on a tax basis were as follows:

\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Portfolio\n	Undistributed \nOrdinary Income\n	Undistributed \nLong Term \nCapital Gains\n
2070 Lifetime Blend Portfolio\n	$23,412\n	$9,811\n
2065 Lifetime Blend Portfolio\n	547,262\n	2,557,541\n
2060 Lifetime Blend Portfolio\n	1,757,991\n	6,592,342\n
2055 Lifetime Blend Portfolio\n	2,314,297\n	10,501,343\n
2050 Lifetime Blend Portfolio\n	4,148,104\n	14,112,244\n
2045 Lifetime Blend Portfolio\n	5,615,058\n	18,016,678\n
2040 Lifetime Blend Portfolio\n	12,695,597\n	20,907,730\n
2035 Lifetime Blend Portfolio\n	15,734,683\n	22,023,818\n
2030 Lifetime Blend Portfolio\n	18,597,128\n	15,454,263\n
2025 Lifetime Blend Portfolio\n	15,095,768\n	4,864,939\n
2020 Lifetime Blend Portfolio\n	6,401,762\n	267,467\n
2015 Lifetime Blend Portfolio\n	2,087,482\n	531,722\n
2010 Lifetime Blend Portfolio\n	1,611,844\n	851,585\n

Such distributions and\ndistributable earnings, 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\nin the portfolios’ financial statements as a return of capital. Short-term gains from underlying funds are treated as ordinary income for tax purposes.

Capital accounts within\nthe 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,\nwill 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\norganizational 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\nof 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\nfuture 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\nLLC (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.\nThe Advisor and the Distributor are indirect, principally owned subsidiaries of John Hancock Life Insurance Company (U.S.A.), which in turn is a subsidiary of Manulife Financial Corporation.

Management fee. The portfolios have an investment management agreement with the Advisor under which the portfolios pay a daily management fee to the Advisor as detailed below. The Advisor has a\nsubadvisory agreement with Manulife Investment Management (US) LLC, an indirect, wholly owned subsidiary of Manulife Financial Corporation and an affiliate of the Advisor. The portfolios are not responsible for\npayment of the subadvisory fees.

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The management fee has two\ncomponents: (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\nTrust 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\nadvised 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\naccordance with the following schedule:

\n\n\n

\n	First $7.5 billion of aggregate net assets\n	Excess over $7.5 billion of aggregate net assets\n
Assets in a fund of the Trust or JHF III\n	0.060%\n	0.050%\n
Other assets\n	0.510%\n	0.500%\n

Expense reimbursements. The Advisor has contractually agreed to reduce its management fees or if necessary make payment to each portfolio in an amount by which certain expenses, including underlying fund expenses\n(acquired fund fees), exceed the amount indicated below of the respective portfolio’s average net assets.

\n\n\n\n\n\n\n\n

Portfolio\n	Expense \nlimitation as a \npercentage of \naverage net \nassets\n
2070 Lifetime Blend Portfolio\n	0.31%\n
2065 Lifetime Blend Portfolio\n	0.31%\n
2060 Lifetime Blend Portfolio\n	0.31%\n
2055 Lifetime Blend Portfolio\n	0.31%\n
2050 Lifetime Blend Portfolio\n	0.31%\n
2045 Lifetime Blend Portfolio\n	0.31%\n
2040 Lifetime Blend Portfolio\n	0.31%\n

\n\n\n\n\n\n\n

Portfolio\n	Expense \nlimitation as a \npercentage of \naverage net \nassets\n
2035 Lifetime Blend Portfolio\n	0.31%\n
2030 Lifetime Blend Portfolio\n	0.32%\n
2025 Lifetime Blend Portfolio\n	0.34%\n
2020 Lifetime Blend Portfolio\n	0.35%\n
2015 Lifetime Blend Portfolio\n	0.36%\n
2010 Lifetime Blend Portfolio\n	0.36%\n

Expenses include acquired fund fees\nand all fund expenses other than (a) taxes, (b) brokerage commissions, (c) interest expense, (d) litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the\nPortfolio’s business, (e) Rule 12b-1 fees, (f) transfer agent fees and service fees, (g) shareholder servicing fees, (h) borrowing costs, (i) prime brokerage fees, and (j) short dividend expense. This agreement\nexpires 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.

Payments under this arrangement are\nintended to reimburse the portfolios for a portion of the indirect net expenses associated with the portfolios’ investments in underlying funds. Amounts received in excess of portfolio level operating expenses,\nif any, are included as Other income received from advisor in the Statements of operations.

The Advisor has voluntarily agreed\nto waive its management fee for each portfolio so that the aggregate management fee retained by the Advisor with respect to both the portfolio and its underlying investments (after payment of subadvisory fees)\ndoes not exceed 0.51% of the portfolio’s first $7.5 billion of average net assets and 0.50% of the portfolio’s average net assets in excess of $7.5 billion. The Advisor may terminate this voluntary\nwaiver at any time upon notice to the Trust.

For the year ended August 31, 2026,\nthe expense reductions under these agreements amounted to the following and are reflected as a reduction of total expenses in the Statements of operations:

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

\n	Expense reimbursement by class\n
Portfolio\n	Class A\n	Class R4\n	Class R6\n	Class 1\n	Total\n
2070 Lifetime Blend Portfolio\n	$18,341\n	—\n	$19,483\n	$157,319\n	$195,143\n
2065 Lifetime Blend Portfolio\n	93,467\n	$89¹\n	102,369\n	383,837\n	579,762\n
2060 Lifetime Blend Portfolio\n	316,381\n	5,681\n	282,965\n	615,537\n	1,220,564\n
2055 Lifetime Blend Portfolio\n	531,365\n	5,337\n	389,183\n	911,443\n	1,837,328\n
2050 Lifetime Blend Portfolio\n	691,687\n	5,862\n	531,533\n	1,099,943\n	2,329,025\n
2045 Lifetime Blend Portfolio\n	853,046\n	11,769\n	586,572\n	1,373,070\n	2,824,457\n
2040 Lifetime Blend Portfolio\n	955,709\n	3,568\n	750,281\n	1,643,743\n	3,353,301\n
2035 Lifetime Blend Portfolio\n	1,190,726\n	17,235\n	860,735\n	1,937,109\n	4,005,805\n
2030 Lifetime Blend Portfolio\n	1,446,128\n	23,466\n	940,391\n	1,721,357\n	4,131,342\n
2025 Lifetime Blend Portfolio\n	1,471,595\n	7,516\n	524,951\n	892,613\n	2,896,675\n
2020 Lifetime Blend Portfolio\n	678,166\n	5,439\n	241,237\n	344,739\n	1,269,581\n
2015 Lifetime Blend Portfolio\n	215,628\n	145\n	117,575\n	132,650\n	465,998\n
2010 Lifetime Blend Portfolio\n	138,540\n	288\n	74,875\n	181,732\n	395,435\n

¹ Class R4 shares were fully redeemed on December 16, 2025.\n

Expenses waived or reimbursed in\nthe current fiscal period are not subject to recapture in future fiscal periods.

| JOHN HANCOCK LIFETIME BLEND PORTFOLIOS\n

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\n\nTable of Contents\n\n

The investment management fees,\nincluding the impact of the waivers and reimbursements as described above, incurred for the year ended August 31, 2026, were equivalent to a net annual effective rate of the portfolios’ average daily net\nassets as follows:

\n\n\n\n\n\n\n\n

Portfolio\n	Net Annual Effective Rate\n
2070 Lifetime Blend Portfolio\n	0.00%\n
2065 Lifetime Blend Portfolio\n	0.00%\n
2060 Lifetime Blend Portfolio\n	0.00%\n
2055 Lifetime Blend Portfolio\n	0.00%\n
2050 Lifetime Blend Portfolio\n	0.00%\n
2045 Lifetime Blend Portfolio\n	0.00%\n
2040 Lifetime Blend Portfolio\n	0.00%\n

\n\n\n\n\n\n\n

Portfolio\n	Net Annual Effective Rate\n
2035 Lifetime Blend Portfolio\n	0.00%\n
2030 Lifetime Blend Portfolio\n	0.00%\n
2025 Lifetime Blend Portfolio\n	0.00%\n
2020 Lifetime Blend Portfolio\n	0.00%\n
2015 Lifetime Blend Portfolio\n	0.00%\n
2010 Lifetime Blend Portfolio\n	0.00%\n

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\nrecordkeeping 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\nbased on its relative net assets at the time the expense was incurred. These accounting and legal services fees incurred, for the year ended August 31, 2026, amounted to an annual rate of 0.02% of the\nportfolios’ 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\nunder the 1940 Act, to pay the Distributor for services provided as the distributor of shares of the portfolios. In addition, under a service plan for certain classes as detailed below, the portfolios pay for certain\nother services. The portfolios may pay up to the following contractual rates of distribution and service fees under these arrangements, expressed as an annual percentage of average daily net assets for each class of\nthe portfolios’ shares:

\n\n\n\n

Class\n	Rule 12b-1 Fee\n	Service fee\n
Class A\n	0.30%\n	—\n
Class R4\n	0.25%\n	0.10%\n
Class 1\n	0.05%\n	—\n

The portfolios’ Distributor\nhas contractually agreed to waive 0.10% of Rule 12b-1 fees for Class R4 shares. The current waiver agreement expires on December 31, 2026, unless renewed by mutual agreement of the portfolios and the Distributor\nbased upon a determination that this is appropriate under the circumstances at the time. This contractual waiver amounted to the following for Class R4 shares for the year ended August 31, 2026:

\n\n\n\n\n\n\n\n

Portfolio\n	Class R4\n
2065 Lifetime Blend Portfolio\n	$24¹\n
2060 Lifetime Blend Portfolio\n	1,849\n
2055 Lifetime Blend Portfolio\n	1,819\n
2050 Lifetime Blend Portfolio\n	2,028\n
2045 Lifetime Blend Portfolio\n	3,946\n
2040 Lifetime Blend Portfolio\n	1,116\n
2035 Lifetime Blend Portfolio\n	5,102\n

\n\n\n\n\n\n

Portfolio\n	Class R4\n
2030 Lifetime Blend Portfolio\n	$6,516\n
2025 Lifetime Blend Portfolio\n	2,076\n
2020 Lifetime Blend Portfolio\n	1,429\n
2015 Lifetime Blend Portfolio\n	30\n
2010 Lifetime Blend Portfolio\n	54\n

\n	¹Class R4 shares were fully redeemed on December 16, 2025.\n

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\nDistributor during the year ended August 31, 2026:

\n\n\n\n\n\n\n\n\n\n\n

Portfolio\n	Total net \nsales charges\n	Retained for printing \nprospectus, advertising and \nsales literature\n	Sales commission to \nunrelated broker-dealers\n
2065 Lifetime Blend Portfolio\n	$3,965\n	$655\n	$3,310\n
2060 Lifetime Blend Portfolio\n	4,285\n	890\n	3,395\n
2055 Lifetime Blend Portfolio\n	4,232\n	692\n	3,540\n
2050 Lifetime Blend Portfolio\n	6,359\n	1,052\n	5,307\n
2045 Lifetime Blend Portfolio\n	6,466\n	1,098\n	5,368\n
2040 Lifetime Blend Portfolio\n	8,062\n	1,462\n	6,600\n
2035 Lifetime Blend Portfolio\n	3,262\n	798\n	2,464\n
2030 Lifetime Blend Portfolio\n	18,607\n	3,213\n	15,394\n
2025 Lifetime Blend Portfolio\n	2,529\n	395\n	2,134\n
2020 Lifetime Blend Portfolio\n	3,178\n	—\n	3,178\n

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Class A shares may be subject to\ncontingent 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%\nCDSC. 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\nproviding distribution-related services in connection with the sale of these shares. During the year ended August 31, 2026, CDSCs received by the Distributor for Class A shares were as follows:

\n\n\n\n

Portfolio\n	Class A\n
2060 Lifetime Blend Portfolio\n	$22\n
2045 Lifetime Blend Portfolio\n	17\n
2030 Lifetime Blend Portfolio\n	73\n

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\nfees 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\nthird-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\nconnection with retirement and small accounts. Signature Services Cost is calculated monthly and allocated, as applicable, to three categories of share classes: Retail Share Classes of Non-Municipal Bond Funds,\nRetirement 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\nrelative average daily net assets.

Class level expenses. Class level expenses for the year ended August 31, 2026 were as follows:

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Portfolio\n	Class\n	Distribution and service fees\n	Transfer agent fees\n
2070 Lifetime Blend Portfolio\n	Class A\n	$1,181\n	$432\n
\n	Class R6\n	—\n	16\n
\n	Class 1\n	1,895\n	—\n
\n	Total\n	$3,076\n	$448\n
2065 Lifetime Blend Portfolio\n	Class A\n	$79,007\n	$28,878\n
\n	Class R4¹\n	61\n	1\n
\n	Class R6\n	—\n	1,424\n
\n	Class 1\n	53,914\n	—\n
\n	Total\n	$132,982\n	$30,303\n
2060 Lifetime Blend Portfolio\n	Class A\n	$308,779\n	$112,843\n
\n	Class R4\n	6,473\n	91\n
\n	Class R6\n	—\n	4,554\n
\n	Class 1\n	100,122\n	—\n
\n	Total\n	$415,374\n	$117,488\n
2055 Lifetime Blend Portfolio\n	Class A\n	$542,956\n	$198,387\n
\n	Class R4\n	6,360\n	90\n
\n	Class R6\n	—\n	6,554\n
\n	Class 1\n	155,255\n	—\n
\n	Total\n	$704,571\n	$205,031\n
2050 Lifetime Blend Portfolio\n	Class A\n	$717,755\n	$262,249\n
\n	Class R4\n	7,087\n	100\n
\n	Class R6\n	—\n	9,093\n
\n	Class 1\n	190,297\n	—\n
\n	Total\n	$915,139\n	$271,442\n
2045 Lifetime Blend Portfolio\n	Class A\n	$857,298\n	$313,231\n
\n	Class R4\n	13,798\n	195\n
\n	Class R6\n	—\n	9,722\n
\n	Class 1\n	230,069\n	—\n
\n	Total\n	$1,101,165\n	$323,148\n
2040 Lifetime Blend Portfolio\n	Class A\n	$895,645\n	$327,257\n
\n	Class R4\n	3,893\n	55\n
\n	Class R6\n	—\n	11,593\n
\n	Class 1\n	256,943\n	—\n
\n	Total\n	$1,156,481\n	$338,905\n

| JOHN HANCOCK LIFETIME BLEND PORTFOLIOS\n

46\n

\n\nTable of Contents\n\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Portfolio\n	Class\n	Distribution and service fees\n	Transfer agent fees\n
2035 Lifetime Blend Portfolio\n	Class A\n	$1,056,673\n	$386,065\n
\n	Class R4\n	17,848\n	253\n
\n	Class R6\n	—\n	12,598\n
\n	Class 1\n	286,723\n	—\n
\n	Total\n	$1,361,244\n	$398,916\n
2030 Lifetime Blend Portfolio\n	Class A\n	$1,203,326\n	$439,638\n
\n	Class R4\n	22,785\n	323\n
\n	Class R6\n	—\n	12,917\n
\n	Class 1\n	238,974\n	—\n
\n	Total\n	$1,465,085\n	$452,878\n
2025 Lifetime Blend Portfolio\n	Class A\n	$1,219,106\n	$445,369\n
\n	Class R4\n	7,267\n	103\n
\n	Class R6\n	—\n	7,168\n
\n	Class 1\n	123,319\n	—\n
\n	Total\n	$1,349,692\n	$452,640\n
2020 Lifetime Blend Portfolio\n	Class A\n	$534,106\n	$195,076\n
\n	Class R4\n	4,991\n	71\n
\n	Class R6\n	—\n	3,128\n
\n	Class 1\n	45,277\n	—\n
\n	Total\n	$584,374\n	$198,275\n
2015 Lifetime Blend Portfolio\n	Class A\n	$132,506\n	$48,394\n
\n	Class R4\n	103\n	1\n
\n	Class R6\n	—\n	1,193\n
\n	Class 1\n	13,598\n	—\n
\n	Total\n	$146,207\n	$49,588\n
2010 Lifetime Blend Portfolio\n	Class A\n	$76,823\n	$28,062\n
\n	Class R4\n	135\n	3\n
\n	Class R6\n	—\n	684\n
\n	Class 1\n	16,808\n	—\n
\n	Total\n	$93,766\n	$28,749\n

¹ Class R4 shares were fully redeemed on December 16, 2025.\n

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\nportfolio 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’\nshares for the years ended August 31, 2026 and 2025 were as follows:

\n\n\n\n\n\n\n\n\n\n\n\n

2070 Lifetime Blend Portfolio\n	Year Ended 8-31-26\n	Period ended 8-31-25¹\n
\n	Shares\n	Amount\n	Shares\n	Amount\n
Class A shares\n	\n	\n	\n	\n
Sold\n	86,736\n	$1,099,545\n	10,025\n	$106,342\n
Distributions reinvested\n	79\n	964\n	—\n	—\n
Repurchased\n	(27,793)\n	(358,515)\n	(3,827)\n	(42,990)\n
Net increase\n	59,022\n	$741,994\n	6,198\n	$63,352\n
Class R6 shares\n	\n	\n	\n	\n
Sold\n	32,876\n	$415,980\n	9,989\n	$106,569\n
Distributions reinvested\n	113\n	1,373\n	—\n	—\n
Repurchased\n	(2,461)\n	(31,541)\n	(173)\n	(1,985)\n
Net increase\n	30,528\n	$385,812\n	9,816\n	$104,584\n

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2070 Lifetime Blend Portfolio, Cont’d\n	Year Ended 8-31-26\n	Period ended 8-31-25¹\n
\n	Shares\n	Amount\n	Shares\n	Amount\n
Class 1 shares\n	\n	\n	\n	\n
Sold\n	828,952\n	$10,377,642\n	23,310\n	$259,518\n
Distributions reinvested\n	2,745\n	33,323\n	—\n	—\n
Repurchased\n	(239,693)\n	(3,023,651)\n	—\n	—\n
Net increase\n	592,004\n	$7,387,314\n	23,310\n	$259,518\n
Total net increase\n	681,554\n	$8,515,120\n	39,324\n	$427,454\n

¹\n	Period from 4-24-25 (commencement of operations) through 8-31-25.\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

2065 Lifetime Blend Portfolio\n	Year Ended 8-31-26\n	Year Ended 8-31-25\n
\n	Shares\n	Amount\n	Shares\n	Amount\n
Class A shares\n	\n	\n	\n	\n
Sold\n	1,616,127\n	$27,915,244\n	986,561\n	$14,455,432\n
Distributions reinvested\n	38,983\n	643,997\n	22,760\n	322,057\n
Repurchased\n	(836,136)\n	(14,449,824)\n	(475,647)\n	(6,998,233)\n
Net increase\n	818,974\n	$14,109,417\n	533,674\n	$7,779,256\n
Class R4 shares¹\n	\n	\n	\n	\n
Repurchased\n	(5,000)\n	$(83,737)\n	—\n	—\n
Net decrease\n	(5,000)\n	$(83,737)\n	—\n	—\n
Class R6 shares\n	\n	\n	\n	\n
Sold\n	604,702\n	$10,372,872\n	998,967\n	$14,734,140\n
Distributions reinvested\n	48,628\n	801,874\n	40,369\n	570,010\n
Repurchased\n	(476,174)\n	(8,422,937)\n	(266,662)\n	(3,929,625)\n
Net increase\n	177,156\n	$2,751,809\n	772,674\n	$11,374,525\n
Class 1 shares\n	\n	\n	\n	\n
Sold\n	1,515,706\n	$25,939,239\n	1,840,956\n	$26,944,985\n
Distributions reinvested\n	186,992\n	3,085,371\n	159,335\n	2,251,407\n
Repurchased\n	(455,570)\n	(7,824,562)\n	(350,116)\n	(5,062,745)\n
Net increase\n	1,247,128\n	$21,200,048\n	1,650,175\n	$24,133,647\n
Total net increase\n	2,238,258\n	$37,977,537\n	2,956,523\n	$43,287,428\n

¹\n	Class R4 shares were fully redeemed on December 16, 2025. There were no share transactions for Class R4 for the year ended August 31, 2025.\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

2060 Lifetime Blend Portfolio\n	Year Ended 8-31-26\n	Year Ended 8-31-25\n
\n	Shares\n	Amount\n	Shares\n	Amount\n
Class A shares\n	\n	\n	\n	\n
Sold\n	4,042,606\n	$78,577,796\n	3,268,339\n	$53,926,107\n
Distributions reinvested\n	155,447\n	2,889,760\n	45,148\n	721,463\n
Repurchased\n	(2,297,999)\n	(44,860,059)\n	(1,944,632)\n	(32,033,536)\n
Net increase\n	1,900,054\n	$36,607,497\n	1,368,855\n	$22,614,034\n
Class R4 shares\n	\n	\n	\n	\n
Sold\n	20,389\n	$394,897\n	23,529\n	$387,089\n
Distributions reinvested\n	3,008\n	55,854\n	1,253\n	20,013\n
Repurchased\n	(10,456)\n	(202,245)\n	(20,056)\n	(319,160)\n
Net increase\n	12,941\n	$248,506\n	4,726\n	$87,942\n
Class R6 shares\n	\n	\n	\n	\n
Sold\n	1,066,202\n	$20,626,588\n	1,528,298\n	$24,965,111\n
Distributions reinvested\n	162,464\n	3,016,949\n	68,756\n	1,097,349\n
Repurchased\n	(1,812,258)\n	(35,811,045)\n	(615,570)\n	(10,065,541)\n
Net increase (decrease)\n	(583,592)\n	$(12,167,508)\n	981,484\n	$15,996,919\n

| JOHN HANCOCK LIFETIME BLEND PORTFOLIOS\n

48\n

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\n\n\n\n\n\n\n\n

2060 Lifetime Blend Portfolio, Cont’d\n	Year Ended 8-31-26\n	Year Ended 8-31-25\n
\n	Shares\n	Amount\n	Shares\n	Amount\n
Class 1 shares\n	\n	\n	\n	\n
Sold\n	1,522,036\n	$29,424,138\n	1,953,304\n	$32,196,009\n
Distributions reinvested\n	351,151\n	6,520,867\n	152,190\n	2,428,948\n
Repurchased\n	(829,397)\n	(16,023,831)\n	(799,403)\n	(13,008,162)\n
Net increase\n	1,043,790\n	$19,921,174\n	1,306,091\n	$21,616,795\n
Total net increase\n	2,373,193\n	$44,609,669\n	3,661,156\n	$60,315,690\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

2055 Lifetime Blend Portfolio\n	Year Ended 8-31-26\n	Year Ended 8-31-25\n
\n	Shares\n	Amount\n	Shares\n	Amount\n
Class A shares\n	\n	\n	\n	\n
Sold\n	5,988,660\n	$106,944,019\n	5,356,833\n	$80,682,176\n
Distributions reinvested\n	304,721\n	5,177,216\n	98,423\n	1,438,945\n
Repurchased\n	(3,404,541)\n	(60,717,268)\n	(3,039,654)\n	(45,724,721)\n
Net increase\n	2,888,840\n	$51,403,967\n	2,415,602\n	$36,396,400\n
Class R4 shares\n	\n	\n	\n	\n
Sold\n	12,444\n	$220,609\n	22,343\n	$335,273\n
Distributions reinvested\n	3,391\n	57,471\n	1,561\n	22,761\n
Repurchased\n	(19,600)\n	(340,511)\n	(28,110)\n	(419,654)\n
Net decrease\n	(3,765)\n	$(62,431)\n	(4,206)\n	$(61,620)\n
Class R6 shares\n	\n	\n	\n	\n
Sold\n	1,593,071\n	$28,058,441\n	1,849,829\n	$27,327,266\n
Distributions reinvested\n	258,326\n	4,378,620\n	124,895\n	1,819,724\n
Repurchased\n	(3,046,081)\n	(54,328,279)\n	(1,087,277)\n	(16,222,063)\n
Net increase (decrease)\n	(1,194,684)\n	$(21,891,218)\n	887,447\n	$12,924,927\n
Class 1 shares\n	\n	\n	\n	\n
Sold\n	2,036,854\n	$35,987,141\n	2,193,313\n	$33,141,782\n
Distributions reinvested\n	608,954\n	10,327,865\n	282,344\n	4,119,401\n
Repurchased\n	(1,406,174)\n	(24,782,772)\n	(1,599,164)\n	(23,804,374)\n
Net increase\n	1,239,634\n	$21,532,234\n	876,493\n	$13,456,809\n
Total net increase\n	2,930,025\n	$50,982,552\n	4,175,336\n	$62,716,516\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

2050 Lifetime Blend Portfolio\n	Year Ended 8-31-26\n	Year Ended 8-31-25\n
\n	Shares\n	Amount\n	Shares\n	Amount\n
Class A shares\n	\n	\n	\n	\n
Sold\n	7,008,435\n	$126,144,011\n	6,641,179\n	$101,330,780\n
Distributions reinvested\n	363,874\n	6,270,644\n	136,704\n	2,020,483\n
Repurchased\n	(4,574,728)\n	(82,265,324)\n	(4,064,922)\n	(61,912,611)\n
Net increase\n	2,797,581\n	$50,149,331\n	2,712,961\n	$41,438,652\n
Class R4 shares\n	\n	\n	\n	\n
Sold\n	21,498\n	$384,543\n	22,752\n	$344,424\n
Distributions reinvested\n	3,358\n	57,796\n	2,086\n	30,791\n
Repurchased\n	(21,841)\n	(384,645)\n	(47,940)\n	(723,249)\n
Net increase (decrease)\n	3,015\n	$57,694\n	(23,102)\n	$(348,034)\n
Class R6 shares\n	\n	\n	\n	\n
Sold\n	2,149,318\n	$38,453,431\n	2,461,795\n	$36,929,659\n
Distributions reinvested\n	317,620\n	5,459,882\n	162,998\n	2,402,591\n
Repurchased\n	(3,612,237)\n	(65,863,318)\n	(1,202,126)\n	(18,033,145)\n
Net increase (decrease)\n	(1,145,299)\n	$(21,950,005)\n	1,422,667\n	$21,299,105\n

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JOHN HANCOCK LIFETIME BLEND PORTFOLIOS | \n

\n\nTable of Contents\n\n

\n\n\n\n\n\n\n\n

2050 Lifetime Blend Portfolio, Cont’d\n	Year Ended 8-31-26\n	Year Ended 8-31-25\n
\n	Shares\n	Amount\n	Shares\n	Amount\n
Class 1 shares\n	\n	\n	\n	\n
Sold\n	2,150,971\n	$38,355,043\n	3,367,418\n	$51,107,998\n
Distributions reinvested\n	666,942\n	11,478,067\n	338,445\n	4,992,060\n
Repurchased\n	(2,161,852)\n	(38,537,520)\n	(1,878,422)\n	(28,639,922)\n
Net increase\n	656,061\n	$11,295,590\n	1,827,441\n	$27,460,136\n
Total net increase\n	2,311,358\n	$39,552,610\n	5,939,967\n	$89,849,859\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

2045 Lifetime Blend Portfolio\n	Year Ended 8-31-26\n	Year Ended 8-31-25\n
\n	Shares\n	Amount\n	Shares\n	Amount\n
Class A shares\n	\n	\n	\n	\n
Sold\n	8,074,952\n	$139,074,100\n	8,001,685\n	$118,029,013\n
Distributions reinvested\n	498,531\n	8,225,767\n	183,595\n	2,623,567\n
Repurchased\n	(4,702,441)\n	(81,012,247)\n	(4,808,800)\n	(70,770,974)\n
Net increase\n	3,871,042\n	$66,287,620\n	3,376,480\n	$49,881,606\n
Class R4 shares\n	\n	\n	\n	\n
Sold\n	18,321\n	$314,393\n	27,430\n	$401,002\n
Distributions reinvested\n	7,647\n	125,710\n	4,174\n	59,438\n
Repurchased\n	(41,756)\n	(700,252)\n	(49,113)\n	(718,213)\n
Net decrease\n	(15,788)\n	$(260,149)\n	(17,509)\n	$(257,773)\n
Class R6 shares\n	\n	\n	\n	\n
Sold\n	2,316,275\n	$39,820,754\n	2,771,965\n	$40,280,384\n
Distributions reinvested\n	382,807\n	6,308,652\n	195,725\n	2,792,991\n
Repurchased\n	(3,858,196)\n	(66,559,271)\n	(1,428,572)\n	(20,955,742)\n
Net increase (decrease)\n	(1,159,114)\n	$(20,429,865)\n	1,539,118\n	$22,117,633\n
Class 1 shares\n	\n	\n	\n	\n
Sold\n	2,576,024\n	$43,970,902\n	3,678,362\n	$54,381,729\n
Distributions reinvested\n	920,321\n	15,157,691\n	457,399\n	6,522,515\n
Repurchased\n	(2,298,671)\n	(39,267,694)\n	(2,731,409)\n	(40,005,125)\n
Net increase\n	1,197,674\n	$19,860,899\n	1,404,352\n	$20,899,119\n
Total net increase\n	3,893,814\n	$65,458,505\n	6,302,441\n	$92,640,585\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

2040 Lifetime Blend Portfolio\n	Year Ended 8-31-26\n	Year Ended 8-31-25\n
\n	Shares\n	Amount\n	Shares\n	Amount\n
Class A shares\n	\n	\n	\n	\n
Sold\n	8,719,043\n	$142,947,285\n	8,508,574\n	$121,025,480\n
Distributions reinvested\n	493,337\n	7,789,799\n	224,834\n	3,089,214\n
Repurchased\n	(5,310,308)\n	(87,321,646)\n	(4,585,998)\n	(64,967,422)\n
Net increase\n	3,902,072\n	$63,415,438\n	4,147,410\n	$59,147,272\n
Class R4 shares\n	\n	\n	\n	\n
Sold\n	7,305\n	$119,653\n	10,567\n	$149,654\n
Distributions reinvested\n	2,111\n	33,291\n	1,405\n	19,284\n
Repurchased\n	(15,818)\n	(249,718)\n	(13,680)\n	(186,464)\n
Net decrease\n	(6,402)\n	$(96,774)\n	(1,708)\n	$(17,526)\n
Class R6 shares\n	\n	\n	\n	\n
Sold\n	2,549,194\n	$41,628,501\n	3,100,034\n	$43,297,996\n
Distributions reinvested\n	461,334\n	7,270,631\n	295,231\n	4,050,564\n
Repurchased\n	(6,795,857)\n	(112,847,702)\n	(2,057,481)\n	(29,274,037)\n
Net increase (decrease)\n	(3,785,329)\n	$(63,948,570)\n	1,337,784\n	$18,074,523\n

| JOHN HANCOCK LIFETIME BLEND PORTFOLIOS\n

50\n

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\n\n\n\n\n\n\n\n

2040 Lifetime Blend Portfolio, Cont’d\n	Year Ended 8-31-26\n	Year Ended 8-31-25\n
\n	Shares\n	Amount\n	Shares\n	Amount\n
Class 1 shares\n	\n	\n	\n	\n
Sold\n	3,456,301\n	$56,075,371\n	4,685,566\n	$66,442,638\n
Distributions reinvested\n	976,313\n	15,386,695\n	613,664\n	8,419,465\n
Repurchased\n	(4,506,630)\n	(73,566,059)\n	(2,869,659)\n	(40,737,891)\n
Net increase (decrease)\n	(74,016)\n	$(2,103,993)\n	2,429,571\n	$34,124,212\n
Total net increase (decrease)\n	36,325\n	$(2,733,899)\n	7,913,057\n	$111,328,481\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

2035 Lifetime Blend Portfolio\n	Year Ended 8-31-26\n	Year Ended 8-31-25\n
\n	Shares\n	Amount\n	Shares\n	Amount\n
Class A shares\n	\n	\n	\n	\n
Sold\n	9,841,441\n	$150,349,888\n	9,879,741\n	$132,476,373\n
Distributions reinvested\n	522,262\n	7,724,255\n	317,160\n	4,110,396\n
Repurchased\n	(5,415,105)\n	(83,018,879)\n	(4,517,705)\n	(60,469,075)\n
Net increase\n	4,948,598\n	$75,055,264\n	5,679,196\n	$76,117,694\n
Class R4 shares\n	\n	\n	\n	\n
Sold\n	20,062\n	$306,399\n	30,840\n	$411,725\n
Distributions reinvested\n	8,310\n	122,820\n	7,077\n	91,652\n
Repurchased\n	(20,045)\n	(308,232)\n	(63,991)\n	(852,443)\n
Net increase (decrease)\n	8,327\n	$120,987\n	(26,074)\n	$(349,066)\n
Class R6 shares\n	\n	\n	\n	\n
Sold\n	3,192,610\n	$48,795,255\n	3,860,387\n	$50,642,391\n
Distributions reinvested\n	429,729\n	6,342,802\n	376,230\n	4,868,412\n
Repurchased\n	(6,313,560)\n	(96,748,300)\n	(2,277,667)\n	(30,277,939)\n
Net increase (decrease)\n	(2,691,221)\n	$(41,610,243)\n	1,958,950\n	$25,232,864\n
Class 1 shares\n	\n	\n	\n	\n
Sold\n	3,575,168\n	$54,473,428\n	4,260,209\n	$56,985,203\n
Distributions reinvested\n	1,008,442\n	14,894,687\n	842,328\n	10,908,152\n
Repurchased\n	(5,017,388)\n	(76,281,135)\n	(3,787,037)\n	(50,370,793)\n
Net increase (decrease)\n	(433,778)\n	$(6,913,020)\n	1,315,500\n	$17,522,562\n
Total net increase\n	1,831,926\n	$26,652,988\n	8,927,572\n	$118,524,054\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

2030 Lifetime Blend Portfolio\n	Year Ended 8-31-26\n	Year Ended 8-31-25\n
\n	Shares\n	Amount\n	Shares\n	Amount\n
Class A shares\n	\n	\n	\n	\n
Sold\n	13,506,782\n	$190,137,744\n	12,810,973\n	$161,525,504\n
Distributions reinvested\n	656,129\n	8,969,278\n	435,948\n	5,305,485\n
Repurchased\n	(7,500,155)\n	(106,002,040)\n	(5,871,407)\n	(73,680,456)\n
Net increase\n	6,662,756\n	$93,104,982\n	7,375,514\n	$93,150,533\n
Class R4 shares\n	\n	\n	\n	\n
Sold\n	31,226\n	$439,987\n	32,801\n	$413,157\n
Distributions reinvested\n	12,075\n	164,818\n	11,436\n	138,943\n
Repurchased\n	(88,886)\n	(1,273,957)\n	(74,361)\n	(923,596)\n
Net decrease\n	(45,585)\n	$(669,152)\n	(30,124)\n	$(371,496)\n
Class R6 shares\n	\n	\n	\n	\n
Sold\n	3,174,338\n	$44,627,064\n	3,900,798\n	$49,228,890\n
Distributions reinvested\n	512,778\n	7,004,552\n	505,206\n	6,138,256\n
Repurchased\n	(7,119,221)\n	(100,466,042)\n	(3,009,526)\n	(37,651,464)\n
Net increase (decrease)\n	(3,432,105)\n	$(48,834,426)\n	1,396,478\n	$17,715,682\n

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2030 Lifetime Blend Portfolio, Cont’d\n	Year Ended 8-31-26\n	Year Ended 8-31-25\n
\n	Shares\n	Amount\n	Shares\n	Amount\n
Class 1 shares\n	\n	\n	\n	\n
Sold\n	3,166,501\n	$44,917,160\n	4,704,459\n	$59,227,158\n
Distributions reinvested\n	952,062\n	12,995,644\n	901,406\n	10,952,085\n
Repurchased\n	(6,226,197)\n	(87,589,239)\n	(4,799,718)\n	(60,149,814)\n
Net increase (decrease)\n	(2,107,634)\n	$(29,676,435)\n	806,147\n	$10,029,429\n
Total net increase\n	1,077,432\n	$13,924,969\n	9,548,015\n	$120,524,148\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

2025 Lifetime Blend Portfolio\n	Year Ended 8-31-26\n	Year Ended 8-31-25\n
\n	Shares\n	Amount\n	Shares\n	Amount\n
Class A shares\n	\n	\n	\n	\n
Sold\n	12,664,209\n	$162,961,461\n	14,631,712\n	$171,967,255\n
Distributions reinvested\n	866,413\n	10,847,491\n	580,636\n	6,601,834\n
Repurchased\n	(7,860,313)\n	(101,305,245)\n	(7,027,842)\n	(82,458,605)\n
Net increase\n	5,670,309\n	$72,503,707\n	8,184,506\n	$96,110,484\n
Class R4 shares\n	\n	\n	\n	\n
Sold\n	11,513\n	$147,826\n	18,654\n	$220,001\n
Distributions reinvested\n	4,854\n	60,678\n	4,903\n	55,654\n
Repurchased\n	(21,386)\n	(273,731)\n	(46,026)\n	(538,931)\n
Net decrease\n	(5,019)\n	$(65,227)\n	(22,469)\n	$(263,276)\n
Class R6 shares\n	\n	\n	\n	\n
Sold\n	1,606,100\n	$20,720,782\n	3,125,815\n	$36,428,169\n
Distributions reinvested\n	350,354\n	4,379,419\n	354,046\n	4,018,418\n
Repurchased\n	(4,760,556)\n	(61,567,655)\n	(3,566,347)\n	(41,985,623)\n
Net decrease\n	(2,804,102)\n	$(36,467,454)\n	(86,486)\n	$(1,539,036)\n
Class 1 shares\n	\n	\n	\n	\n
Sold\n	1,392,658\n	$17,939,426\n	2,424,996\n	$28,517,034\n
Distributions reinvested\n	626,048\n	7,819,343\n	679,333\n	7,703,633\n
Repurchased\n	(5,422,471)\n	(69,656,174)\n	(4,994,174)\n	(58,514,358)\n
Net decrease\n	(3,403,765)\n	$(43,897,405)\n	(1,889,845)\n	$(22,293,691)\n
Total net increase (decrease)\n	(542,577)\n	$(7,926,379)\n	6,185,706\n	$72,014,481\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

2020 Lifetime Blend Portfolio\n	Year Ended 8-31-26\n	Year Ended 8-31-25\n
\n	Shares\n	Amount\n	Shares\n	Amount\n
Class A shares\n	\n	\n	\n	\n
Sold\n	4,460,949\n	$53,884,010\n	4,592,614\n	$51,099,521\n
Distributions reinvested\n	445,828\n	5,229,557\n	351,291\n	3,783,401\n
Repurchased\n	(2,704,532)\n	(32,541,406)\n	(2,385,237)\n	(26,525,992)\n
Net increase\n	2,202,245\n	$26,572,161\n	2,558,668\n	$28,356,930\n
Class R4 shares\n	\n	\n	\n	\n
Sold\n	8,300\n	$99,653\n	9,975\n	$110,954\n
Distributions reinvested\n	3,840\n	44,963\n	3,486\n	37,478\n
Repurchased\n	(14,287)\n	(174,394)\n	(13,350)\n	(146,601)\n
Net increase (decrease)\n	(2,147)\n	$(29,778)\n	111\n	$1,831\n
Class R6 shares\n	\n	\n	\n	\n
Sold\n	1,045,562\n	$12,585,286\n	1,702,043\n	$18,841,091\n
Distributions reinvested\n	182,092\n	2,135,941\n	175,636\n	1,889,848\n
Repurchased\n	(2,073,778)\n	(25,088,616)\n	(1,746,570)\n	(19,374,402)\n
Net increase (decrease)\n	(846,124)\n	$(10,367,389)\n	131,109\n	$1,356,537\n

| JOHN HANCOCK LIFETIME BLEND PORTFOLIOS\n

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\n\n\n\n\n\n\n\n

2020 Lifetime Blend Portfolio, Cont’d\n	Year Ended 8-31-26\n	Year Ended 8-31-25\n
\n	Shares\n	Amount\n	Shares\n	Amount\n
Class 1 shares\n	\n	\n	\n	\n
Sold\n	633,134\n	$7,586,732\n	1,123,470\n	$12,442,214\n
Distributions reinvested\n	269,529\n	3,156,187\n	303,021\n	3,257,478\n
Repurchased\n	(2,605,400)\n	(31,366,996)\n	(3,035,871)\n	(33,605,401)\n
Net decrease\n	(1,702,737)\n	$(20,624,077)\n	(1,609,380)\n	$(17,905,709)\n
Total net increase (decrease)\n	(348,763)\n	$(4,449,083)\n	1,080,508\n	$11,809,589\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

2015 Lifetime Blend Portfolio\n	Year Ended 8-31-26\n	Year Ended 8-31-25\n
\n	Shares\n	Amount\n	Shares\n	Amount\n
Class A shares\n	\n	\n	\n	\n
Sold\n	602,602\n	$6,834,455\n	1,160,217\n	$12,369,667\n
Distributions reinvested\n	132,203\n	1,463,492\n	103,654\n	1,065,559\n
Repurchased\n	(718,420)\n	(8,156,425)\n	(533,223)\n	(5,654,393)\n
Net increase\n	16,385\n	$141,522\n	730,648\n	$7,780,833\n
Class R4 shares\n	\n	\n	\n	\n
Sold\n	2,126\n	$23,581\n	2,584\n	$27,453\n
Distributions reinvested\n	82\n	902\n	293\n	3,008\n
Repurchased\n	(2,828)\n	(32,475)\n	(9,462)\n	(104,056)\n
Net decrease\n	(620)\n	$(7,992)\n	(6,585)\n	$(73,595)\n
Class R6 shares\n	\n	\n	\n	\n
Sold\n	367,391\n	$4,137,387\n	799,646\n	$8,504,039\n
Distributions reinvested\n	74,010\n	818,556\n	89,420\n	917,453\n
Repurchased\n	(975,528)\n	(11,104,216)\n	(904,476)\n	(9,542,052)\n
Net decrease\n	(534,127)\n	$(6,148,273)\n	(15,410)\n	$(120,560)\n
Class 1 shares\n	\n	\n	\n	\n
Sold\n	225,900\n	$2,547,962\n	731,709\n	$7,718,759\n
Distributions reinvested\n	94,899\n	1,048,633\n	90,709\n	930,676\n
Repurchased\n	(765,474)\n	(8,672,947)\n	(989,790)\n	(10,513,355)\n
Net decrease\n	(444,675)\n	$(5,076,352)\n	(167,372)\n	$(1,863,920)\n
Total net increase (decrease)\n	(963,037)\n	$(11,091,095)\n	541,281\n	$5,722,758\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

2010 Lifetime Blend Portfolio\n	Year Ended 8-31-26\n	Year Ended 8-31-25\n
\n	Shares\n	Amount\n	Shares\n	Amount\n
Class A shares\n	\n	\n	\n	\n
Sold\n	957,835\n	$10,408,311\n	938,806\n	$9,621,581\n
Distributions reinvested\n	78,611\n	834,847\n	61,302\n	609,344\n
Repurchased\n	(448,998)\n	(4,880,201)\n	(515,172)\n	(5,293,844)\n
Net increase\n	587,448\n	$6,362,957\n	484,936\n	$4,937,081\n
Class R4 shares\n	\n	\n	\n	\n
Sold\n	28\n	$299\n	27\n	$288\n
Distributions reinvested\n	5\n	53\n	5\n	47\n
Repurchased\n	(39)\n	(420)\n	—\n	—\n
Net increase (decrease)\n	(6)\n	$(68)\n	32\n	$335\n
Class R6 shares\n	\n	\n	\n	\n
Sold\n	302,449\n	$3,318,855\n	572,283\n	$5,873,084\n
Distributions reinvested\n	49,103\n	520,491\n	52,417\n	519,979\n
Repurchased\n	(668,132)\n	(7,226,979)\n	(497,173)\n	(5,041,356)\n
Net increase (decrease)\n	(316,580)\n	$(3,387,633)\n	127,527\n	$1,351,707\n

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\n\n\n\n\n\n\n\n

2010 Lifetime Blend Portfolio, Cont’d\n	Year Ended 8-31-26\n	Year Ended 8-31-25\n
\n	Shares\n	Amount\n	Shares\n	Amount\n
Class 1 shares\n	\n	\n	\n	\n
Sold\n	410,356\n	$4,445,669\n	886,636\n	$9,146,459\n
Distributions reinvested\n	129,300\n	1,369,283\n	120,315\n	1,192,319\n
Repurchased\n	(1,139,895)\n	(12,350,306)\n	(1,186,393)\n	(12,131,667)\n
Net decrease\n	(600,239)\n	$(6,535,354)\n	(179,442)\n	$(1,792,889)\n
Total net increase (decrease)\n	(329,377)\n	$(3,560,098)\n	433,053\n	$4,496,234\n

Affiliates of the Trust owned\nshares of the following classes of the portfolios on August 31, 2026. Such concentration of shareholders’ capital could have a material effect on the portfolios if such shareholders redeem from the\nportfolios.

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Portfolio\n	Class\n	% by Class\n
2070 Lifetime Blend Portfolio\n	A\n	8%\n
2070 Lifetime Blend Portfolio\n	R6\n	68%\n
2070 Lifetime Blend Portfolio\n	1\n	100%\n
2065 Lifetime Blend Portfolio\n	1\n	100%\n
2060 Lifetime Blend Portfolio\n	R6\n	1%\n
2060 Lifetime Blend Portfolio\n	1\n	100%\n
2055 Lifetime Blend Portfolio\n	1\n	100%\n
2050 Lifetime Blend Portfolio\n	R6\n	1%\n
2050 Lifetime Blend Portfolio\n	1\n	100%\n
2045 Lifetime Blend Portfolio\n	1\n	100%\n
2040 Lifetime Blend Portfolio\n	1\n	100%\n
2035 Lifetime Blend Portfolio\n	1\n	100%\n
2030 Lifetime Blend Portfolio\n	1\n	100%\n
2025 Lifetime Blend Portfolio\n	1\n	100%\n
2020 Lifetime Blend Portfolio\n	1\n	100%\n
2015 Lifetime Blend Portfolio\n	1\n	100%\n
2010 Lifetime Blend Portfolio\n	R4\n	97%\n
2010 Lifetime Blend Portfolio\n	1\n	100%\n

Note 6—Purchase and sale of securities

Purchases and sales of securities,\nother than short-term investments, amounted to the following for the year ended August 31, 2026:

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

\n	Purchases\n	Sales\n
Portfolio\n	U.S. Government\n	Other issuers\n	U.S. Government\n	Other issuers\n
2070 Lifetime Blend Portfolio\n	$34,168\n	$11,610,884\n	$6,581\n	$3,079,337\n
2065 Lifetime Blend Portfolio\n	225,237\n	52,297,514\n	192,984\n	13,751,278\n
2060 Lifetime Blend Portfolio\n	549,040\n	85,539,440\n	561,520\n	41,361,802\n
2055 Lifetime Blend Portfolio\n	846,089\n	109,827,346\n	959,206\n	59,736,597\n
2050 Lifetime Blend Portfolio\n	1,099,783\n	131,153,779\n	1,245,242\n	90,583,181\n
2045 Lifetime Blend Portfolio\n	1,801,411\n	171,112,050\n	2,042,717\n	105,559,050\n
2040 Lifetime Blend Portfolio\n	2,603,638\n	178,720,336\n	3,108,972\n	176,969,344\n
2035 Lifetime Blend Portfolio\n	16,296,342\n	210,220,414\n	5,742,457\n	182,237,566\n
2030 Lifetime Blend Portfolio\n	23,361,952\n	201,616,635\n	11,626,989\n	184,686,248\n
2025 Lifetime Blend Portfolio\n	20,540,511\n	129,999,153\n	12,320,362\n	140,078,764\n
2020 Lifetime Blend Portfolio\n	10,329,629\n	61,388,862\n	7,051,767\n	67,921,023\n
2015 Lifetime Blend Portfolio\n	2,817,944\n	16,156,069\n	2,566,694\n	27,289,796\n
2010 Lifetime Blend Portfolio\n	3,270,575\n	19,189,324\n	2,758,224\n	23,298,074\n

Note 7—Investment in affiliated underlying funds

Certain portfolios invest primarily\nin 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\nportfolios’ investment may represent a significant portion of each affiliated underlying funds’ net assets. At August 31, 2026, the following portfolios held 5% or more of the net assets of the affiliated\nunderlying funds shown below:

\n\n\n

Portfolio\n	Affiliated Fund\n	Percentage of \nunderlying fund \nnet assets\n
2050 Lifetime Blend Portfolio\n	JHF II U.S. Sector Rotation Fund\n	5.3%\n
2045 Lifetime Blend Portfolio\n	JHF II U.S. Sector Rotation Fund\n	5.9%\n

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Portfolio\n	Affiliated Fund\n	Percentage of \nunderlying fund \nnet assets\n
2040 Lifetime Blend Portfolio\n	JHF II U.S. Sector Rotation Fund\n	5.5%\n
2035 Lifetime Blend Portfolio\n	JHF II U.S. Sector Rotation Fund\n	5.9%\n

Information regarding the\nportfolios’ 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:

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

\n	\n	\n	\n	\n	\n	\n	Dividends and distributions\n
Affiliate\n	Ending \nshare \namount\n	Beginning \nvalue\n	Cost of \npurchases\n	Proceeds \nfrom shares \nsold\n	Realized \ngain \n(loss)\n	Change in \nunrealized \nappreciation \n(depreciation)\n	Income \ndistributions \nreceived\n	Capital gain \ndistributions \nreceived\n	Ending \nvalue\n
2070 Lifetime Blend Portfolio\n
Bond\n	26,289\n	$12,693\n	$441,156\n	$(96,729)\n	$(945)\n	$(6,528)\n	$6,543\n	—\n	$349,647\n
Emerging Markets Debt\n	7,231\n	2,477\n	75,512\n	(19,206)\n	(96)\n	101\n	1,457\n	—\n	58,788\n
High Yield\n	11,050\n	1,883\n	52,768\n	(21,086)\n	(142)\n	(163)\n	1,272\n	—\n	33,260\n
International Strategic Equity Allocation\n	184,778\n	116,994\n	3,063,083\n	(775,688)\n	786\n	270,410\n	18,175\n	—\n	2,675,585\n
John Hancock Collateral Trust\n	3,052\n	60,682\n	2,244,574\n	(2,278,407)\n	1,363\n	2,311\n	—\n	—\n	30,523\n
U.S. Sector Rotation\n	199,195\n	146,080\n	3,600,475\n	(998,816)\n	(19,565)\n	295,609\n	6,170\n	$39,170\n	3,023,783\n
\n	\n	\n	\n	\n	$(18,599)\n	$561,740\n	$33,617\n	$39,170\n	$6,171,586\n
2065 Lifetime Blend Portfolio\n
Bond\n	504,231\n	$3,591,096\n	$4,155,246\n	$(887,410)\n	$(18,370)\n	$(134,289)\n	$225,108\n	—\n	$6,706,273\n
Emerging Markets Debt\n	139,090\n	700,575\n	596,764\n	(179,040)\n	1,707\n	10,797\n	51,709\n	—\n	1,130,803\n
High Yield\n	212,546\n	531,918\n	435,562\n	(312,127)\n	(4,824)\n	(10,765)\n	45,478\n	—\n	639,764\n
International Strategic Equity Allocation\n	3,616,316\n	33,518,085\n	12,014,497\n	(2,124,202)\n	190,768\n	8,765,110\n	1,105,040\n	—\n	52,364,258\n
John Hancock Collateral Trust*\n	16,752\n	34,138\n	51,810,958\n	(51,678,402)\n	509\n	306\n	2,707\n	—\n	167,509\n
U.S. Sector Rotation\n	3,898,329\n	41,851,031\n	15,375,349\n	(4,633,072)\n	190,312\n	6,393,014\n	370,794\n	$2,353,996\n	59,176,634\n
\n	\n	\n	\n	\n	$360,102\n	$15,024,173\n	$1,800,836\n	$2,353,996\n	$120,185,241\n
2060 Lifetime Blend Portfolio\n
Bond\n	1,147,832\n	$9,413,569\n	$7,895,685\n	$(1,693,742)\n	$(21,486)\n	$(327,867)\n	$544,247\n	—\n	$15,266,159\n
Emerging Markets Debt\n	318,106\n	1,837,092\n	1,018,748\n	(301,935)\n	5,828\n	26,471\n	125,424\n	—\n	2,586,204\n
High Yield\n	486,104\n	1,396,612\n	794,697\n	(690,544)\n	(9,221)\n	(28,372)\n	110,525\n	—\n	1,463,172\n
International Strategic Equity Allocation\n	8,354,154\n	87,846,841\n	19,600,160\n	(8,357,010)\n	814,340\n	21,063,812\n	2,740,671\n	—\n	120,968,143\n
John Hancock Collateral Trust*\n	28,370\n	86,299\n	199,943,038\n	(199,748,886)\n	3,238\n	13\n	6,870\n	—\n	283,702\n
U.S. Sector Rotation\n	9,002,850\n	109,686,483\n	23,630,505\n	(12,613,271)\n	758,584\n	15,200,968\n	917,674\n	$5,825,887\n	136,663,269\n
\n	\n	\n	\n	\n	$1,551,283\n	$35,935,025\n	$4,445,411\n	$5,825,887\n	$277,230,649\n
2055 Lifetime Blend Portfolio\n
Bond\n	1,801,808\n	$15,272,014\n	$12,090,170\n	$(2,850,127)\n	$(50,607)\n	$(497,410)\n	$854,692\n	—\n	$23,964,040\n

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\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

\n	\n	\n	\n	\n	\n	\n	Dividends and distributions\n
Affiliate\n	Ending \nshare \namount\n	Beginning \nvalue\n	Cost of \npurchases\n	Proceeds \nfrom shares \nsold\n	Realized \ngain \n(loss)\n	Change in \nunrealized \nappreciation \n(depreciation)\n	Income \ndistributions \nreceived\n	Capital gain \ndistributions \nreceived\n	Ending \nvalue\n
Emerging Markets Debt\n	495,967\n	$2,979,367\n	$1,634,344\n	$(633,142)\n	$12,477\n	$39,168\n	$196,924\n	—\n	$4,032,214\n
High Yield\n	757,896\n	2,262,455\n	1,207,145\n	(1,128,704)\n	(14,628)\n	(45,000)\n	173,819\n	—\n	2,281,268\n
International Strategic Equity Allocation\n	13,106,436\n	142,543,948\n	24,195,606\n	(11,305,611)\n	1,474,941\n	32,872,312\n	4,341,341\n	—\n	189,781,196\n
John Hancock Collateral Trust*\n	36,360\n	65,609\n	216,169,783\n	(215,865,893)\n	(5,920)\n	22\n	10,437\n	—\n	363,601\n
U.S. Sector Rotation\n	14,067,853\n	177,981,863\n	30,189,053\n	(19,722,185)\n	1,481,704\n	23,619,575\n	1,447,894\n	$9,192,002\n	213,550,010\n
\n	\n	\n	\n	\n	$2,897,967\n	$55,988,667\n	$7,025,107\n	$9,192,002\n	$433,972,329\n
2050 Lifetime Blend Portfolio\n
Bond\n	2,526,334\n	$19,920,162\n	$17,786,791\n	$(3,377,110)\n	$(73,186)\n	$(656,413)\n	$1,120,692\n	—\n	$33,600,244\n
Emerging Markets Debt\n	675,205\n	3,882,548\n	2,448,363\n	(904,204)\n	9,661\n	53,048\n	256,801\n	—\n	5,489,416\n
High Yield\n	1,062,023\n	2,954,546\n	1,458,261\n	(1,138,836)\n	(16,173)\n	(61,108)\n	226,782\n	—\n	3,196,690\n
International Strategic Equity Allocation\n	16,504,486\n	184,730,916\n	26,541,757\n	(16,661,977)\n	1,915,730\n	42,458,529\n	5,626,085\n	—\n	238,984,955\n
John Hancock Collateral Trust\n	1,333\n	17,978\n	331,724,206\n	(331,722,229)\n	(6,622)\n	—\n	25,857\n	—\n	13,333\n
U.S. Sector Rotation\n	17,687,540\n	231,716,835\n	32,323,108\n	(27,607,378)\n	2,068,896\n	29,995,403\n	1,881,524\n	$11,944,920\n	268,496,864\n
\n	\n	\n	\n	\n	$3,898,306\n	$71,789,459\n	$9,137,741\n	$11,944,920\n	$549,781,502\n
2045 Lifetime Blend Portfolio\n
Bond\n	3,492,035\n	$26,918,246\n	$23,286,154\n	$(2,708,177)\n	$(42,296)\n	$(1,009,856)\n	$1,608,943\n	—\n	$46,444,071\n
Emerging Markets Debt\n	1,777,671\n	10,010,372\n	5,318,803\n	(1,032,073)\n	24,596\n	130,768\n	678,202\n	—\n	14,452,466\n
High Yield\n	3,262,756\n	7,600,468\n	3,876,429\n	(1,443,583)\n	(20,315)\n	(192,104)\n	619,460\n	—\n	9,820,895\n
International Strategic Equity Allocation\n	18,491,356\n	207,582,526\n	30,882,858\n	(20,398,095)\n	3,202,264\n	46,485,285\n	6,300,084\n	—\n	267,754,838\n
John Hancock Collateral Trust*\n	20,258\n	3,372,222\n	198,221,799\n	(201,389,130)\n	(2,249)\n	(61)\n	21,446\n	—\n	202,581\n
U.S. Sector Rotation\n	19,767,082\n	253,550,728\n	32,510,971\n	(21,232,942)\n	1,639,958\n	33,595,588\n	2,059,377\n	$13,074,023\n	300,064,303\n
\n	\n	\n	\n	\n	$4,801,958\n	$79,009,620\n	$11,287,512\n	$13,074,023\n	$638,739,154\n
2040 Lifetime Blend Portfolio\n
Bond\n	6,351,774\n	$60,027,237\n	$32,899,113\n	$(6,473,144)\n	$(106,181)\n	$(1,868,435)\n	$3,289,467\n	—\n	$84,478,590\n
Emerging Markets Debt\n	3,024,736\n	19,627,089\n	6,763,933\n	(2,142,892)\n	37,901\n	305,072\n	1,249,304\n	—\n	24,591,103\n
High Yield\n	5,779,249\n	14,921,096\n	6,245,601\n	(3,366,584)\n	(51,517)\n	(353,056)\n	1,177,987\n	—\n	17,395,540\n
International Strategic Equity Allocation\n	17,503,611\n	212,691,451\n	24,624,050\n	(33,316,329)\n	4,778,246\n	44,674,863\n	6,413,664\n	—\n	253,452,281\n
John Hancock Collateral Trust*\n	209,648\n	231,109\n	356,801,372\n	(354,927,602)\n	(8,498)\n	78\n	31,252\n	—\n	2,096,459\n

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\n	\n	\n	\n	\n	\n	\n	Dividends and distributions\n
Affiliate\n	Ending \nshare \namount\n	Beginning \nvalue\n	Cost of \npurchases\n	Proceeds \nfrom shares \nsold\n	Realized \ngain \n(loss)\n	Change in \nunrealized \nappreciation \n(depreciation)\n	Income \ndistributions \nreceived\n	Capital gain \ndistributions \nreceived\n	Ending \nvalue\n
U.S. Sector Rotation\n	18,332,911\n	$250,924,201\n	$33,320,789\n	$(40,146,858)\n	$3,178,333\n	$31,017,129\n	$2,067,082\n	$13,122,937\n	$278,293,594\n
\n	\n	\n	\n	\n	$7,828,284\n	$73,775,651\n	$14,228,756\n	$13,122,937\n	$660,307,567\n
2035 Lifetime Blend Portfolio\n
Bond\n	9,938,794\n	$104,853,665\n	$37,452,443\n	$(6,951,380)\n	$(119,045)\n	$(3,049,723)\n	$5,490,720\n	—\n	$132,185,960\n
Emerging Markets Debt\n	4,674,063\n	31,574,102\n	7,792,900\n	(1,922,642)\n	37,183\n	518,587\n	1,951,865\n	—\n	38,000,130\n
Global Senior Loan ETF\n	271,521\n	2,674,955\n	4,443,691\n	(352,552)\n	(7,397)\n	(83,353)\n	262,429\n	—\n	6,675,344\n
High Yield\n	9,024,736\n	24,003,571\n	7,058,806\n	(3,279,418)\n	(53,197)\n	(565,305)\n	1,821,476\n	—\n	27,164,457\n
International Strategic Equity Allocation\n	16,842,465\n	201,529,237\n	24,655,852\n	(29,072,360)\n	4,220,213\n	42,545,949\n	5,996,713\n	—\n	243,878,891\n
John Hancock Collateral Trust*\n	377,115\n	2,296,825\n	446,936,292\n	(445,450,731)\n	(10,993)\n	(278)\n	34,741\n	—\n	3,771,115\n
U.S. Sector Rotation\n	19,595,890\n	269,990,951\n	35,930,926\n	(45,433,570)\n	4,069,282\n	32,908,025\n	2,182,942\n	$13,858,482\n	297,465,614\n
\n	\n	\n	\n	\n	$8,136,046\n	$72,273,902\n	$17,740,886\n	$13,858,482\n	$749,141,511\n
2030 Lifetime Blend Portfolio\n
Bond\n	10,699,498\n	$113,576,478\n	$36,872,262\n	$(4,687,835)\n	$(60,678)\n	$(3,396,909)\n	$5,949,163\n	—\n	$142,303,318\n
Emerging Markets Debt\n	6,231,039\n	44,846,332\n	7,203,395\n	(2,218,546)\n	99,002\n	728,161\n	2,682,453\n	—\n	50,658,344\n
Global Senior Loan ETF\n	610,632\n	12,615,827\n	3,364,852\n	(736,436)\n	(14,139)\n	(217,716)\n	747,649\n	—\n	15,012,388\n
High Yield\n	10,931,765\n	30,482,029\n	5,965,340\n	(2,791,325)\n	(49,155)\n	(702,276)\n	2,238,110\n	—\n	32,904,613\n
International Strategic Equity Allocation\n	12,904,988\n	159,420,553\n	17,034,962\n	(26,381,467)\n	4,212,069\n	32,578,103\n	4,731,762\n	—\n	186,864,220\n
John Hancock Collateral Trust*\n	36,879\n	2,222,723\n	329,740,845\n	(331,595,435)\n	671\n	(16)\n	36,678\n	—\n	368,788\n
U.S. Sector Rotation\n	15,788,019\n	233,115,788\n	25,166,922\n	(49,202,516)\n	4,819,156\n	25,762,785\n	1,901,066\n	$12,068,982\n	239,662,135\n
\n	\n	\n	\n	\n	$9,006,926\n	$54,752,132\n	$18,286,881\n	$12,068,982\n	$667,773,806\n
2025 Lifetime Blend Portfolio\n
Bond\n	8,580,525\n	$105,334,031\n	$15,553,039\n	$(3,937,644)\n	$(27,465)\n	$(2,800,975)\n	$5,217,812\n	—\n	$114,120,986\n
Emerging Markets Debt\n	5,189,651\n	39,825,014\n	4,642,141\n	(3,027,295)\n	129,545\n	622,460\n	2,332,451\n	—\n	42,191,865\n
Global Senior Loan ETF\n	662,548\n	15,208,739\n	2,264,551\n	(922,690)\n	(10,144)\n	(251,713)\n	853,912\n	—\n	16,288,743\n
High Yield\n	9,105,480\n	27,076,304\n	3,812,366\n	(2,842,642)\n	(33,839)\n	(604,695)\n	1,933,439\n	—\n	27,407,494\n
International Strategic Equity Allocation\n	7,685,025\n	92,397,576\n	16,206,825\n	(18,048,576)\n	3,268,572\n	17,454,758\n	2,679,760\n	—\n	111,279,155\n
John Hancock Collateral Trust*\n	2,735,895\n	44,741,484\n	875,090,363\n	(892,469,160)\n	(2,618)\n	(1,395)\n	57,905\n	—\n	27,358,674\n
U.S. Sector Rotation\n	8,983,097\n	127,646,563\n	16,793,985\n	(25,203,583)\n	2,097,258\n	15,029,184\n	1,027,074\n	$6,520,415\n	136,363,407\n
\n	\n	\n	\n	\n	$5,421,309\n	$29,447,624\n	$14,102,353\n	$6,520,415\n	$475,010,324\n
2020 Lifetime Blend Portfolio\n
Bond\n	3,828,568\n	$47,394,640\n	$8,647,830\n	$(3,855,223)\n	$(31,674)\n	$(1,235,625)\n	$2,335,502\n	—\n	$50,919,948\n

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\n	\n	\n	\n	\n	\n	\n	Dividends and distributions\n
Affiliate\n	Ending \nshare \namount\n	Beginning \nvalue\n	Cost of \npurchases\n	Proceeds \nfrom shares \nsold\n	Realized \ngain \n(loss)\n	Change in \nunrealized \nappreciation \n(depreciation)\n	Income \ndistributions \nreceived\n	Capital gain \ndistributions \nreceived\n	Ending \nvalue\n
Emerging Markets Debt\n	2,258,109\n	$17,776,135\n	$2,353,456\n	$(2,110,785)\n	$90,102\n	$249,519\n	$1,022,894\n	—\n	$18,358,427\n
Global Senior Loan ETF\n	373,555\n	8,993,051\n	1,457,012\n	(1,113,511)\n	(14,866)\n	(137,836)\n	489,271\n	—\n	9,183,850\n
High Yield\n	3,987,430\n	12,082,056\n	1,960,431\n	(1,757,498)\n	(15,892)\n	(266,931)\n	852,174\n	—\n	12,002,166\n
International Strategic Equity Allocation\n	2,084,422\n	25,754,225\n	6,249,911\n	(7,365,928)\n	1,215,092\n	4,329,137\n	741,194\n	—\n	30,182,437\n
John Hancock Collateral Trust*\n	127\n	290,938\n	492,473,143\n	(492,757,190)\n	(5,619)\n	(3)\n	30,421\n	—\n	1,269\n
U.S. Sector Rotation\n	3,258,544\n	45,501,694\n	9,058,287\n	(11,236,381)\n	897,207\n	5,243,889\n	364,169\n	$2,311,938\n	49,464,696\n
\n	\n	\n	\n	\n	$2,134,350\n	$8,182,150\n	$5,835,625\n	$2,311,938\n	$170,112,793\n
2015 Lifetime Blend Portfolio\n
Bond\n	1,115,290\n	$15,509,858\n	$1,939,431\n	$(2,254,820)\n	$11,424\n	$(372,535)\n	$719,783\n	—\n	$14,833,358\n
Emerging Markets Debt\n	637,830\n	5,753,562\n	648,047\n	(1,330,935)\n	54,208\n	60,675\n	308,798\n	—\n	5,185,557\n
Global Senior Loan ETF\n	128,432\n	3,525,639\n	387,609\n	(701,096)\n	(8,275)\n	(46,376)\n	177,859\n	—\n	3,157,501\n
High Yield\n	1,108,319\n	3,915,296\n	471,381\n	(966,765)\n	(4,609)\n	(79,263)\n	257,609\n	—\n	3,336,040\n
International Strategic Equity Allocation\n	367,305\n	5,723,732\n	1,584,445\n	(3,000,170)\n	676,254\n	334,314\n	160,422\n	—\n	5,318,575\n
John Hancock Collateral Trust*\n	3,593\n	2,184\n	71,254,299\n	(71,220,363)\n	(190)\n	(1)\n	5,237\n	—\n	35,929\n
U.S. Sector Rotation\n	706,804\n	10,996,658\n	1,710,096\n	(3,366,357)\n	279,934\n	1,108,960\n	85,352\n	$541,862\n	10,729,291\n
\n	\n	\n	\n	\n	$1,008,746\n	$1,005,774\n	$1,715,060\n	$541,862\n	$42,596,251\n
2010 Lifetime Blend Portfolio\n
Bond\n	932,658\n	$12,232,929\n	$2,723,258\n	$(2,258,978)\n	$14,572\n	$(307,426)\n	$579,214\n	—\n	$12,404,355\n
Emerging Markets Debt\n	530,773\n	4,569,781\n	818,887\n	(1,165,971)\n	60,401\n	32,084\n	248,287\n	—\n	4,315,182\n
Global Senior Loan ETF\n	123,392\n	3,189,124\n	660,826\n	(763,446)\n	(8,921)\n	(43,991)\n	167,220\n	—\n	3,033,592\n
High Yield\n	948,377\n	3,120,302\n	586,654\n	(784,177)\n	(1,302)\n	(66,862)\n	208,861\n	—\n	2,854,615\n
International Strategic Equity Allocation\n	160,874\n	3,218,064\n	1,247,598\n	(2,656,800)\n	659,230\n	(138,639)\n	93,898\n	—\n	2,329,453\n
John Hancock Collateral Trust*\n	163\n	9,648,549\n	61,522,297\n	(71,168,504)\n	(633)\n	(83)\n	5,147\n	—\n	1,626\n
U.S. Sector Rotation\n	428,123\n	5,761,989\n	2,378,816\n	(2,382,913)\n	146,879\n	594,141\n	47,040\n	$298,638\n	6,498,912\n
\n	\n	\n	\n	\n	$870,226\n	$69,224\n	$1,349,667\n	$298,638\n	$31,437,735\n

*\n	Refer to the Securities lending note within Note 2 for details regarding this investment.\n

Note 8—Segment reporting

The management committee of the\nAdvisor 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\nmonitors 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\ninvestment 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”,

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which consists primarily of total investments at\nvalue. 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,\nwhich 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”,\nand Financial highlights, which includes total return and income and expense ratios.

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM\n
To the Board of Trustees of John Hancock Funds II and Shareholders of each of the thirteen portfolios listed in the table below\n
Opinions on the Financial Statements\n	\n	\n	\n
We have audited the accompanying statements of assets and liabilities, including the portfolios’ investments, of each of the portfolios listed in the table below (thirteen of the\nportfolios constituting John Hancock Funds II, hereafter collectively referred to as the \"Portfolios\") as of August 31, 2026, the related statements of operations and of changes in net assets for each of the periods\nindicated in the table below, including the related notes, and the financial highlights for each of the periods indicated in the table below (collectively referred to as the “financial statements”). In our\nopinion, the financial statements present fairly, in all material respects, the financial position of each of the Portfolios listed in the table below as of August 31, 2026, the results of each of their operations,\nthe changes in each of their net assets and each of the financial highlights for each of the periods indicated in the table below, in conformity with accounting principles generally accepted in the United States of\nAmerica.\n
Portfolio\n	Statement of \noperations\n	Statement of \nchanges in net assets\n	Financial highlights\n
2070 Lifetime Blend Portfolio\n	For the year ended August 31, 2026\n	For the year ended August 31, 2026 and the period April 24, 2025 (commencement of operations) through August 31, 2025\n
2065 Lifetime Blend Portfolio \n2060 Lifetime Blend Portfolio \n2055 Lifetime Blend Portfolio \n2050 Lifetime Blend Portfolio \n2045 Lifetime Blend Portfolio \n2040 Lifetime Blend Portfolio \n2035 Lifetime Blend Portfolio \n2030 Lifetime Blend Portfolio \n2025 Lifetime Blend Portfolio \n2020 Lifetime Blend Portfolio \n2015 Lifetime Blend Portfolio \n2010 Lifetime Blend Portfolio\n	For the year ended August 31, 2026\n	For the years ended August 31, 2026 and 2025\n	For each of the five years in the period ended August 31, 2026\n
Basis for Opinions\n	\n	\n	\n
These financial statements are the responsibility of the Portfolios’ management. Our responsibility is to express an opinion on the Portfolios’ financial statements based on our\naudits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Portfolios in accordance with the\nU.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.\n
We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance\nabout whether the financial statements are free of material misstatement, whether due to error or fraud.\n
Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to\nthose risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and\nsignificant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of August 31, 2026 by correspondence\nwith the custodian, transfer agent and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinions.\n
/s/ PricewaterhouseCoopers LLP \nBoston, Massachusetts \nOctober 8, 2026\n	\n	\n	\n
We have served as the auditor of one or more investment companies in the John Hancock group of funds since 1988.\n

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Tax information

(Unaudited)

For federal income tax purposes, the\nfollowing information is furnished with respect to the distributions of the portfolios, if any, paid during its taxable year ended August 31, 2026.

Each portfolio reports the maximum\namount allowable of its net taxable income as eligible for the corporate dividends-received deduction.

Each portfolio reports the maximum\namount allowable of its net taxable income as qualified dividend income as provided in the Jobs and Growth Tax Relief Reconciliation Act of 2003.

Each portfolio reports the maximum\namount allowable as Section 163(j) Interest Dividends.

Each portfolio reports the maximum\namount allowable of its Section 199A dividends as defined in Proposed Treasury Regulation §1.199A-3(d).

The portfolios below have the\nfollowing amounts as foreign tax credits, which represent taxes paid on the income derived from foreign sources:

\n\n\n\n\n\n\n\n\n\n

Portfolio\n	Foreign sourced income\n	Foreign tax credit\n
2065 Lifetime Blend Portfolio\n	$1,381,347\n	$98,113\n
2060 Lifetime Blend Portfolio\n	3,426,894\n	243,298\n
2055 Lifetime Blend Portfolio\n	5,427,778\n	385,326\n
2050 Lifetime Blend Portfolio\n	7,029,853\n	498,952\n
2045 Lifetime Blend Portfolio\n	7,860,566\n	551,680\n
2040 Lifetime Blend Portfolio\n	8,114,325\n	566,292\n
2035 Lifetime Blend Portfolio\n	7,889,679\n	553,985\n
2030 Lifetime Blend Portfolio\n	6,329,862\n	444,553\n
2025 Lifetime Blend Portfolio\n	3,624,643\n	253,014\n

The portfolios below paid the\nfollowing amounts in capital gain dividends:

\n\n\n\n\n\n\n\n

Portfolio\n	Long term capital gains\n
2065 Lifetime Blend Portfolio\n	$2,009,197\n
2060 Lifetime Blend Portfolio\n	6,222,054\n
2055 Lifetime Blend Portfolio\n	9,882,499\n
2050 Lifetime Blend Portfolio\n	10,229,648\n
2045 Lifetime Blend Portfolio\n	13,132,946\n
2040 Lifetime Blend Portfolio\n	9,012,683\n
2035 Lifetime Blend Portfolio\n	2,304,096\n

Eligible shareholders will be mailed\na 2026 Form 1099-DIV in early 2027. This will reflect the tax character of all distributions paid in calendar year 2026.

Please consult a tax advisor regarding\nthe tax consequences of your investment in a portfolio.

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EVALUATION OF ADVISORY AND\nSUBADVISORY AGREEMENTS BY THE BOARD OF TRUSTEES

This section describes the\nevaluation by the Board of Trustees (the Board) of John Hancock Funds II (the Trust) of the Advisory Agreement (the Advisory Agreement) and the Subadvisory Agreement (the Subadvisory Agreement) with respect to each of\nthe portfolios of the Trust included in this report (the Funds). The Advisory Agreement and Subadvisory Agreement are collectively referred to as the Agreements. Prior to the June 22-25, 2026 meeting at which\nthe Agreements were approved, the Board also discussed and considered information regarding the proposed continuation of the Agreements at a meeting held on May 26-28, 2026. The Trustees who are not “interested\npersons” of the Trust as deﬁned by the Investment Company Act of 1940, as amended (the 1940 Act) (the Independent Trustees) also met separately to evaluate and discuss the information presented, including\nwith counsel to the Independent Trustees and a third-party consulting ﬁrm.

Approval of Advisory and Subadvisory\nAgreements

At meetings held on June 22-25,\n2026, the Board, including the Trustees who are not parties to any Agreement or considered to be interested persons of the Trust under the 1940 Act, reapproved for an annual period, the continuation of the Advisory\nAgreement between the Trust and John Hancock Investment Management, LLC (the Advisor) and the Subadvisory Agreement between the Advisor and Manulife Investment Management (US) (the Subadvisor) with respect to each of\nthe Funds identified in Appendix A.

In considering the Advisory\nAgreement and the Subadvisory Agreement with respect to each Fund, the Board received in advance of the meetings a variety of materials relating to each Fund, the Advisor and the Subadvisor, including comparative\nperformance, fee and expense information for peer groups of similar funds prepared by an independent third-party provider of fund data; performance information for the Funds’ benchmark indices; and, with respect\nto the Subadvisor, comparative performance information for comparably managed accounts, as applicable; and other information provided by the Advisor and the Subadvisor regarding the nature, extent, and quality of\nservices provided by the Advisor and the Subadvisor under their respective Agreements, as well as information regarding the Advisor’s revenues and costs of providing services to the Funds and any compensation\npaid to affiliates of the Advisor. At the meetings at which the renewal of the Advisory Agreement and Subadvisory Agreement are considered, particular focus is given to information concerning Fund performance,\ncomparability of fees and total expenses, and profitability. However, the Board noted that the evaluation process with respect to the Advisor and the Subadvisor is an ongoing one. In this regard, the Board also took\ninto account discussions with management and information provided to the Board (including its various committees) at prior meetings with respect to the services provided by the Advisor and the Subadvisor to the Funds,\nincluding quarterly performance reports prepared by management containing reviews of investment results, and prior presentations from the Subadvisor with respect to the Funds. The information received and\nconsidered by the Board in connection with the May and June meetings and throughout the year was both written and oral. The Board noted the affiliation of the Subadvisor with the Advisor, noting any potential\nconflicts of interest. The Board also considered the nature, quality, and extent of the non-advisory services, if any, to be provided to the Funds by the Advisor’s affiliates, including distribution services.\nThe Board considered the Advisory Agreement and the Subadvisory Agreement separately in the course of its review. In doing so, the Board noted the respective roles of the Advisor and Subadvisor in providing services\nto the Funds. In addition, although the Board approved the renewal of the Agreements for all of the Funds at the June meeting, the Board considered each Fund separately.

Throughout the process, the Board\nasked questions of and requested additional information from management. The Board is assisted by counsel for the Trust and the Independent Trustees are also separately assisted by independent legal counsel throughout\nthe process. The Independent Trustees also received a memorandum from their independent legal counsel discussing the legal standards for their consideration of the proposed continuation of the Agreements and discussed\nthe proposed continuation of the Agreements in private sessions with their independent legal counsel at which no representatives of management were present.

Approval of Advisory Agreement

In approving the Advisory Agreement\nwith respect to each Fund, the Board, including the Independent Trustees, considered a variety of factors, including those discussed below. The Board also considered other factors (including conditions and trends\nprevailing generally in the economy, the securities markets and the industry) and did not treat any single factor as determinative, and each Trustee may have attributed different weights to different factors. The\nBoard’s conclusions may be based in part on its consideration of the advisory and subadvisory arrangements in prior years and on the Board’s ongoing regular review of Fund performance and operations\nthroughout the year.

Nature, extent, and quality of services. Among the information received by the Board from the Advisor relating to the nature, extent and quality of services provided to the Funds, the Board reviewed information provided by the\nAdvisor relating to its operations and personnel, descriptions of its organizational and management structure, and information regarding the Advisor’s compliance and regulatory history, including its Form ADV.\nThe Board also noted that on a regular basis it receives and reviews information from the Trust’s Chief Compliance Officer (CCO) regarding the Funds’ compliance policies and procedures established pursuant\nto Rule 38a-1 under the 1940 Act. The Board observed that the scope of services provided by the Advisor, and of the undertakings required of the Advisor in connection with those services, including maintaining and\nmonitoring its own and the Funds’ compliance programs, risk management programs, liquidity risk management programs, derivatives risk management programs, and cybersecurity programs, had expanded over time as a\nresult of regulatory, market and other developments. The Board considered that the Advisor is responsible for the management of the day-to-day operations of the Funds, including but not limited to, general supervision\nof and coordination of the services provided by the Subadvisor, and is also responsible for monitoring and reviewing the activities of the Subadvisor and third-party service providers. The Board also considered\nthe significant risks assumed by the Advisor in connection with the services provided to the Funds, including entrepreneurial risk in sponsoring new Funds, and ongoing risks, including investment, operational,\nenterprise, litigation, regulatory and compliance risks with respect to all Funds.

In considering the nature, extent\nand quality of the services provided by the Advisor, the Trustees also took into account their knowledge of the Advisor’s management and the quality of the performance of the Advisor’s duties, through\nBoard meetings, discussions and reports during the preceding year and through each Trustee’s experience as a Trustee of the Trust and of the other trusts in the John Hancock group of funds complex (the John\nHancock Fund Complex).

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In the course of their\ndeliberations regarding the Advisory Agreement, the Board considered, among other things:

(a)the skills and competency with which the Advisor has in the past managed the Trust’s affairs and its subadvisory relationships, the Advisor’s oversight and monitoring of\nthe Subadvisor’s investment performance and compliance programs, such as the Subadvisor’s compliance with Fund policies and objectives, review of brokerage matters including with respect to trade\nallocation and best execution, and the Advisor’s timeliness in responding to performance issues;

(b)the background, qualifications and skills of the Advisor’s personnel;

(c)the Advisor’s compliance policies and procedures and its responsiveness to regulatory changes and fund industry developments;

(d)the Advisor’s administrative capabilities, including its ability to supervise the other service providers for the Funds, as well as the Advisor’s oversight of any securities\nlending activity, its monitoring of class action litigation and collection of class action settlements on behalf of the Funds, and bringing loss recovery actions on behalf of the Funds;

(e)the financial condition of the Advisor and whether it has the financial wherewithal to provide a high level and quality of services to the Funds; and

(f)the Advisor’s reputation and experience in serving as an investment advisor to the Trust and the benefit to shareholders of investing in funds that are part of a family of funds\noffering a variety of investments.

The Board concluded that the Advisor\nmay reasonably be expected to continue to provide a high quality of services under the Advisory Agreement with respect to the Funds.

Investment performance. In considering each Fund’s performance, the Board noted that it reviews at its regularly scheduled meetings information about the Funds’ performance results. In connection with\nthe consideration of the Advisory Agreement, the Board:

(a)reviewed information prepared by management regarding the Funds’ performance;

(b)considered the comparative performance of each Fund’s respective benchmark index;

(c)considered the performance of comparable funds, if any, as included in the report prepared by an independent third-party provider of fund data; and

(d)took into account the Advisor’s analysis of each Fund’s performance and its plans and recommendations regarding the Trust’s subadvisory arrangement generally and with\nrespect to particular Funds.

The Board noted that while it found\nthe data provided by the independent third-party generally useful it recognized its limitations, including in particular that the data may vary depending on the end date selected and that the results of the\nperformance comparisons may vary depending on the selection and size of the peer group. The Board reviewed Fund performance against each Fund’s respective peer group median and benchmark index and concluded that\nthe performance of the Funds has generally been in line with or generally outperformed the historical performance of comparable funds based on the median percentile, with certain exceptions noted in Appendix A. In\nsuch cases, the Board concluded that the Fund’s performance is being monitored and reasonably addressed, where appropriate.

Fees and expenses. The Board reviewed comparative information prepared by an independent third-party provider of fund data including, among other data, each Fund’s contractual and net management fees\n(and subadvisory fees, to the extent available) and total expenses as compared to similarly situated investment companies deemed to be comparable to the Fund in light of the nature, extent and quality of the\nmanagement and advisory and subadvisory services provided by the Advisor and the Subadvisor, respectively. The Board considered each Fund’s ranking within a smaller group of peer funds chosen by the independent\nthird-party provider, as well as the Fund’s ranking within broader groups of funds. In comparing each Fund’s contractual and net management fees to that of comparable funds, the Board noted that such fees\ninclude both advisory and administrative costs.

The Board took into account\nmanagement’s discussion of the Funds’ expenses. The Board also took into account management’s discussion with respect to the overall management fee and the fees of the Subadvisor, including the\namount of the advisory fee retained by the Advisor after payment of the subadvisory fee, in each case in light of the services rendered for those amounts and the risks undertaken by the Advisor. The Board also noted\nthat the Advisor pays the subadvisory fees of the Funds. In addition, the Board took into account that management had agreed to implement an overall fee waiver across the complex, which is discussed further\nbelow. The Board also noted actions taken over the past several years to reduce the Funds’ operating expenses. The Board also noted that, in addition, the Advisor is currently waiving fees and/or reimbursing\nexpenses with respect to each Fund and that each Fund has breakpoints in its contractual management fee schedule that reduces management fees as assets increase. The Board reviewed information provided by the Advisor\nconcerning investment advisory fees charged by the Advisor or one of its advisory affiliates to other clients (including other funds in the complex) having similar investment mandates, if any. The Board considered any\ndifferences between the Advisor’s and Subadvisor’s services to a Fund and the services they provide to other comparable clients or funds. The Board concluded that the advisory fee paid with respect to each\nof the Funds is reasonable in light of the nature, extent and quality of the services provided to the Funds under the Advisory Agreement.

In addition, the Trustees reviewed\nthe advisory fee to be paid to the Advisor for each Fund and noted that the Advisor has evaluated the complexity of the structure and fees and expenses associated with each Fund’s investments in the underlying\nportfolios and the Advisor made a finding that each Fund’s expenses do not duplicate the fees and expenses of the underlying portfolios.

Profitability/Fall out benefits. In considering the costs of the services to be provided and the profits to be realized by the Advisor and its affiliates (including the Subadvisor) from the Advisor’s relationship\nwith the Trust, the Board:

(a)reviewed financial information of the Advisor;

(b)reviewed and considered information presented by the Advisor regarding the net profitability to the Advisor and its affiliates, of each Fund;

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(c)received and reviewed profitability information with respect to the John Hancock Fund Complex as a whole and with respect to each Fund;

(d)received information with respect to the Advisor’s allocation methodologies used in preparing the profitability data and considered that the Advisor hired an independent\nthird-party consultant to provide an analysis of the Advisor’s allocation methodologies;

(e)considered that the John Hancock insurance companies that are affiliates of the Advisor, as shareholders of the Trust directly or through their separate accounts, receive certain tax\ncredits or deductions relating to foreign taxes paid and dividends received by certain funds of the Trust and noted that these tax benefits, which are not available to participants in qualified retirement plans under\napplicable income tax law, are reflected in the profitability analysis reviewed by the Board;

(f)considered that the Advisor also provides administrative services to the Funds on a cost basis pursuant to an administrative services agreement;

(g)noted that affiliates of the Advisor provide transfer agency services and distribution services to the Funds, and that the Trust’s distributor also receives Rule 12b-1 payments to\nsupport distribution of the Funds;

(h)noted that the Funds’ Subadvisor is an affiliate of the Advisor;

(i)noted that the Advisor also derives reputational and other indirect benefits from providing advisory services to the Funds;

(j)noted that the subadvisory fees for the Funds are paid by the Advisor;

(k)with respect to each Fund, the Board noted that the advisory fee is in addition to the fees received by the Advisor and its affiliates with regard to the underlying funds in which the\nFunds may invest;

(l)considered the Advisor’s ongoing costs and expenditures necessary to improve services, meet new regulatory and compliance requirements, and adapt to other challenges impacting the\nfund industry; and

(m)considered that the Advisor should be entitled to earn a reasonable level of profits in exchange for the level of services it provides to each Fund and the risks that it assumes as\nAdvisor, including entrepreneurial, operational, reputational, litigation and regulatory risk.

Based upon its review, the Board\nconcluded that the level of profitability, if any, of the Advisor and its affiliate (including the Subadvisor), from their relationship with each Fund was not unreasonable in view of all factors considered.

Economies of scale. In considering the extent to which a Fund may realize any economies of scale as a Fund grows and whether fee levels reflect these economies of scale for the benefit of Fund shareholders,\nthe Board:

(a)considered that with respect to the John Hancock underlying funds in which the Funds invest, the Advisor has agreed to waive a portion of its management fee for such funds and for each\nof the other John Hancock funds in the complex (except as discussed below) (the Participating Portfolios) or otherwise reimburse the expenses of the Participating Portfolios (the Reimbursement). This waiver is based\nupon the aggregate net assets of all the Participating Portfolios. (The funds that are not Participating Portfolios as of the date of this annual report are each of the Funds, each other of the funds of funds of the\nTrust and of John Hancock Variable Insurance Trust, John Hancock Collateral Trust, and John Hancock Managed Account Shares. The Funds also benefit from such overall management fee waiver through their investment in\nunderlying funds that include certain of the Participating Portfolios, which are subject to the Reimbursement);

(b)reviewed the Trust’s advisory fee structure and concluded that (i) the Funds’ fee structures contain breakpoints at the advisory fee level and (ii) although economies of\nscale cannot be measured with precision, these arrangements permit shareholders of the Funds to benefit from economies of scale if those Funds grow. The Board also took into account management’s discussion of\nthe Funds’ advisory fee structure; and

(c)considered the effect of the Funds’ growth in size on their performance and fees. The Board also noted that if the Funds’ assets increase over time, the Funds may realize\nother economies of scale.

Approval of Subadvisory Agreement

In making its determination with\nrespect to approval of the Subadvisory Agreement, the Board reviewed:

(1)information relating to the Subadvisor’s business, including current subadvisory services to the Trust (and other funds in the John Hancock Fund Complex);

(2)the historical and current performance of each Fund and comparative performance information relating to an applicable benchmark index and comparable funds; and;

(3)the subadvisory fee for each Fund, and to the extent available, comparative fee information, where available, prepared by an independent third party provider of fund data.

Nature, extent, and quality of services. With respect to the services provided by the Subadvisor with respect to each Fund, the Board received information provided to the Board by the Subadvisor, including the Subadvisor’s\nForm ADV, as well as took into account information presented throughout the past year. The Board considered the Subadvisor’s current level of staffing and its overall resources, as well as received information\nrelating to the Subadvisor’s compensation program. The Board reviewed the Subadvisor’s history and investment experience, as well as information regarding the qualifications, background, and\nresponsibilities of the Subadvisor’s investment and compliance personnel who provide services to the Funds. The Board also considered, among other things, the Subadvisor’s compliance program and any\ndisciplinary history. The Board also considered the Subadvisor’s risk assessment and monitoring process. The Board reviewed the Subadvisor’s regulatory history, including whether it was involved in any\nregulatory actions or investigations as well as material litigation, and any settlements and amelioratory actions undertaken, as appropriate. The Board noted that the Advisor conducts regular, periodic reviews of the\nSubadvisor and its operations, including regarding investment processes and

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organizational and staffing matters. The Board also\nnoted that the CCO and his staff conduct regular, periodic compliance reviews with the Subadvisor and present reports to the Independent Trustees regarding the same, which includes evaluating the regulatory compliance\nsystems of the Subadvisor and procedures reasonably designed to assure compliance with the federal securities laws. The Board also took into account the financial condition of the Subadvisor.

The Board considered the\nSubadvisor’s investment process and philosophy. The Board took into account that the Subadvisor’s responsibilities include the development and maintenance of an investment program for the applicable Fund\nthat is consistent with the Fund’s investment objective, the selection of investment securities and the placement of orders for the purchase and sale of such securities, as well as the implementation of\ncompliance controls related to performance of these services. The Board also received information with respect to the Subadvisor’s brokerage policies and practices, including with respect to best execution and\nsoft dollars.

Subadvisor compensation. In considering the cost of services to be provided by the Subadvisor, the Board noted that the fees under the Subadvisory Agreement are paid by the Advisor and not the Funds. The Board also\nreceived information and took into account any other potential conflicts of interest the Advisor might have in connection with the Subadvisory Agreement.

In addition, the Board considered\nother potential indirect benefits that the Subadvisor and its affiliates may receive from the Subadvisor’s relationship with the Funds, such as the opportunity to provide advisory services to additional funds in\nthe John Hancock Fund Complex and reputational benefits.

Subadvisory fees. The Board considered that each Fund pays an advisory fee to the Advisor and that, in turn, the Advisor pays a subadvisory fee to the Subadvisor. As noted above, the Board also considered,\nif available, each Fund’s subadvisory fees as compared to similarly situated investment companies deemed to be comparable to the Fund as included in the report prepared by the independent third party provider of\nfund data, to the extent applicable. The Board also took into account the subadvisory fees paid by the Advisor to the Subadvisor with respect to the Funds and compared them to fees charged by the Subadvisor to manage\nother subadvised portfolios and portfolios not subject to regulation under the 1940 Act, as applicable.

Subadvisor performance. As noted above, the Board considered each Fund’s performance as compared to the Fund’s peer group median and the benchmark index and noted that the Board reviews information\nabout the Fund’s performance results at its regularly scheduled meetings. The Board noted the Advisor’s expertise and resources in monitoring the performance, investment style, and risk-adjusted\nperformance of the Subadvisor. The Board was mindful of the Advisor’s focus on the Subadvisor’s performance. The Board also noted the Subadvisor’s long-term performance record for similar accounts,\nas applicable.

The Board’s decision to\napprove the Subadvisory Agreement with respect to each Fund was based on a number of determinations, including the following:

(1)the Subadvisor has extensive experience and demonstrated skills as a manager;

(2)the performance of the Funds has generally been in line with or generally outperformed the historical performance of comparable funds based on the median percentile, with certain\nexceptions noted in Appendix A (with respect to such exceptions, the Board concluded that the Fund’s performance is being monitored and reasonably addressed, where appropriate);

(3)the subadvisory fees are reasonable in relation to the level and quality of services being provided under the Subadvisory Agreement; and

(4)the subadvisory fees are paid by the Advisor and not the Funds.

In addition, the Trustees reviewed\nthe subadvisory fee to be paid to the Subadvisor for each Fund and noted that the Advisor has evaluated the complexity of the structure and fees and expenses associated with each Fund’s investments in the\nunderlying portfolios and that the Advisor made a finding that each Fund’s expenses do not duplicate the fees and expenses of the underlying portfolios.

Additional information relating to\neach Fund’s fees and expenses and performance that the Board considered in approving the Advisory Agreement and Subadvisory Agreement for a particular Fund is set forth in Appendix A.

***

Based on the Board’s\nevaluation of all factors that the Board deemed to be material, including those factors described above, the Board, including the Independent Trustees, concluded that renewal of the Advisory Agreement and the\nSubadvisory Agreement with respect to each Fund would be in the best interest of each of the respective Funds and its shareholders. Accordingly, the Board, and the Independent Trustees voting separately, approved the\nAdvisory Agreement and Subadvisory Agreement with respect to each Fund for an additional one-year period.

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APPENDIX A

\n\n\n\n

Portfolio (subadvisor)\n	Performance of fund, \nas of 12.31.25\n	Fees and expenses\n	Comments\n
2010 Lifetime Blend Portfolio(Manulife Investment Management (US))\n	Benchmark Index – The fund underperformed for the one-, three-, and five-year periods and outperformed\nfor the ten-year period.Lipper Category – The fund underperformed the median for the one-, three-, and five-year periods and matched for the ten-year period.\n	Subadviser fee comparative data not provided due to limited size of Lipper peer group for this purpose.Net management fees for this fund are lower than the peer group median.Total expenses for this fund are lower than the peer group median.\n	The Board took into account management’s discussion of the factors that contributed to the fund’s performance relative to the\nbenchmark index and the peer group median for the one-, three-, and five-year periods.The Board also took into account management’s discussion of the fund’s fees and expenses and considered the relatively lower net management fees and net total expenses\ncompared to peers.The Board concluded that the fund’s performance is being monitored and reasonably addressed, where appropriate.\n
2015 Lifetime Blend Portfolio(Manulife Investment Management (US))\n	Benchmark Index – The fund underperformed for the one-, three-, five-, and ten-year periods.Lipper Category – The fund underperformed the median for the one- and three-year periods and outperformed the median for the five- and ten-year periods.\n	Subadviser fee comparative data not provided due to limited size of Lipper peer group for this purpose.Net management fees for this fund are lower than the peer group median.Total expenses for this fund are lower than the peer group median.\n	The Board took into account management’s discussion of the factors that contributed to the fund’s performance relative to the\nbenchmark index for the one-, three-, five-, and ten-year periods and the peer group median for the one- and three-year periods.The Board also took into account the fund’s favorable performance relative to the peer group median for the five- and ten-year periods.The Board concluded that the fund’s performance is being monitored and reasonably addressed, where appropriate.\n
2020 Lifetime Blend Portfolio(Manulife Investment Management (US))\n	Benchmark Index – The fund underperformed for the one-, three-, and five-year periods\nand outperformed for the ten-year period.Lipper Category – The fund underperformed the median for the one-, three-, and five-year periods.\n	Subadviser fee comparative data not provided due to limited size of Lipper peer group for\nthis purpose.Net management fees for this fund are lower than the peer group median.Total expenses for this fund are lower than the peer group median.\n	The Board took into account management’s discussion of the factors that contributed to the fund’s performance\nrelative to the benchmark index for the one-, three-, and five-year periods and the peer group median for the one-, three-, five-, and ten-year periods.The Board also took into account management’s discussion of the fund’s performance, including the favorable performance relative to the benchmark index for the ten-year\nperiod.The Board concluded that the fund’s performance is being monitored and reasonably addressed, where appropriate.\n

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\n\n\n\n

Portfolio (subadvisor)\n	Performance of fund, \nas of 12.31.25\n	Fees and expenses\n	Comments\n
2025 Lifetime Blend Portfolio(Manulife Investment Management (US))\n	Benchmark Index – The fund underperformed for the one-, three-, and five-year periods and outperformed\nfor the ten-year period.Lipper Category – The fund outperformed the median for the one-, five-, and ten-year periods and underperformed for the three-year period.\n	Subadviser fee comparative data not provided due to limited size of Lipper peer group for this purpose.Net management fees for this fund are lower than the peer group median.Total expenses for this fund are lower than the peer group median.\n	The Board took into account management’s discussion of the factors that contributed to the fund’s performance relative to the\nbenchmark index for the one-, three-, and five-year periods and the peer group median for the three-year period.The Board also took into account management’s discussion of the fund’s performance, including the favorable performance relative to the peer group median for the one-, five-,\nand ten-year periods and the benchmark index for the ten-year period.\n
2030 Lifetime Blend Portfolio(Manulife Investment Management (US))\n	Benchmark Index – The fund outperformed for the one- and ten-year periods and underperformed for the\nthree- and five-year periods.Lipper Category – The fund outperformed the median for the one-, five-, and ten-year periods and underperformed for the three-year period.\n	Subadviser fee comparative data not provided due to limited size of Lipper peer group for this purpose.Net management fees for this fund are lower than the peer group median.Total expenses for this fund are lower than the peer group median.\n	The Board took into account management’s discussion of the factors that contributed to the fund’s performance relative to the\nbenchmark index for the three- and five-year periods.The Board also took into account management’s discussion of the fund’s performance, including the favorable performance relative to the benchmark index for the one- and\nten-year periods and to the peer group median for the one-, three-, five-, and ten-year periods.\n
2035 Lifetime Blend Portfolio(Manulife Investment Management (US))\n	Benchmark Index – The fund outperformed for the one- and ten-year periods and\nunderperformed for the three- and five-year periods.Lipper Category – The fund outperformed the median for the one-, five-, and ten-year periods and underperformed for the three-year period.\n	Subadviser fee comparative data not provided due to limited size of Lipper peer group for\nthis purpose.Net management fees for this fund are lower than the peer group median.Total expenses for this fund are lower than the peer group median.\n	The Board took into account management’s discussion of the factors that contributed to the fund’s performance\nrelative to the benchmark index for the three- and five-year periods and the peer group median for the three-year period.The Board also took into account the fund’s favorable performance relative to the benchmark index for the one- and ten-year periods and to the peer group median for the one-, five-,\nand ten-year periods.\n

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Portfolio (subadvisor)\n	Performance of fund, \nas of 12.31.25\n	Fees and expenses\n	Comments\n
2040 Lifetime Blend Portfolio(Manulife Investment Management (US))\n	Benchmark Index – The fund underperformed for the one-, three-, and five-year periods and outperformed\nfor the ten-year period.Lipper Category – The fund outperformed the median for the one-, five-, and ten-year periods and underperformed for the three-year period.\n	Subadviser fee comparative data not provided due to limited size of Lipper peer group for this purpose.Net management fees for this fund are lower than the peer group median.Total expenses for this fund are lower than the peer group median.\n	The Board took into account management’s discussion of the fund’s performance, including the favorable performance relative to the\nbenchmark index for the ten-year period and peer group median for the one-, five-, and ten-year periods.The Board also took into account management’s discussion of the factors that contributed to the fund’s performance relative to the benchmark index for the one-, three-, and\nfive-year periods and the peer group median for the three-year period.\n
2045 Lifetime Blend Portfolio(Manulife Investment Management (US))\n	Benchmark Index – The fund underperformed for the one-, three, and five-year periods and outperformed\nfor the ten-year period.Lipper Category – The fund outperformed the median for the one-, five-, and ten-year periods and underperformed for the three-year period.\n	Subadviser fee comparative data not provided due to limited size of Lipper peer group for this purpose.Net management fees for this fund are lower than the peer group median.Total expenses for this fund are lower than the peer group median.\n	The Board took into account management’s discussion of the fund’s performance, including the favorable performance relative to the\nbenchmark index for the ten-year period and peer group median for the one-, five-, and ten-year periods.The Board also took into account management’s discussion of the factors that contributed to the fund’s performance relative to the benchmark index for the one-, three-, and\nfive-year periods and the peer group median for the three-year period.\n
2050 Lifetime Blend Portfolio(Manulife Investment Management (US))\n	Benchmark Index – The fund outperformed for the one-, three-, and ten-year periods and\nunderperformed for the five-year period.Lipper Category – The fund outperformed the median for the one-, three-, five-, and ten-year periods.\n	Subadviser fee comparative data not provided due to limited size of Lipper peer group for\nthis purpose.Net management fees for this fund are lower than the peer group median.Total expenses for this fund are lower than the peer group median.\n	The Board took into account management’s discussion of the factors that contributed to the fund’s performance\nrelative to the benchmark index for the five-year period.The Board also took into account the fund’s favorable performance relative to the benchmark index for the one-, three-, and ten year periods and the peer group median for the one-,\nthree-, five-, and ten-year periods.\n

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Portfolio (subadvisor)\n	Performance of fund, \nas of 12.31.25\n	Fees and expenses\n	Comments\n
2055 Lifetime Blend Portfolio(Manulife Investment Management (US))\n	Benchmark Index – The fund underperformed for the one-, three-, five-, and ten-year periods.Lipper Category – The fund outperformed the median for the one-, five-, and ten-year periods and underperformed for the three-year period.\n	Subadviser fee comparative data not provided due to limited size of Lipper peer group for this purpose.Net management fees for this fund are lower than the peer group median.Total expenses for this fund are lower than the peer group median.\n	The Board took into account management’s discussion of the factors that contributed to the fund’s performance relative to the\nbenchmark index for the one-, three-, five-, and ten-year periods and to the peer group median for the three-year period.The Board also took into account the fund’s favorable performance relative to the peer group median for the one-, five-, and ten-year periods.\n
2060 Lifetime Blend Portfolio(Manulife Investment Management (US))\n	Benchmark Index – The fund outperformed for the one-year period and underperformed for the three-,\nfive-, and ten-year periods.Lipper Category – The fund outperformed the median for the one-, five-, and ten-year periods and underperformed for the three-year period.\n	Subadviser fee comparative data not provided due to limited size of Lipper peer group for this purpose.Net management fees for this fund are lower than the peer group median.Total expenses for this fund are lower than the peer group median.\n	The Board took into account the fund’s favorable performance relative to the benchmark index for the one-year period and the peer group\nmedian for the one-, five-, and ten-year periods.The Board also took into account management’s discussion of the factors that contributed to the fund’s performance relative to the benchmark index for the three-, five-, and\nten-year periods and the peer group median for the three-year period.\n
2065 Lifetime Blend Portfolio(Manulife Investment Management (US))\n	Benchmark Index – The fund outperformed for the one-year period and underperformed for the three- and\nfive-year periods.Lipper Category – The fund underperformed the median for the one- and three-year periods and outperformed the median for the five-year period.\n	Subadviser fee comparative data not provided due to limited size of Lipper peer group for this purpose.Net management fees for this fund are lower than the peer group median.Total expenses for this fund are lower than the peer group median.\n	The Board took into account the fund’s favorable performance relative to the benchmark index for the one-year period and the peer group\nmedian for the five-year period.The Board also took into account management’s discussion of the factors that contributed to the fund’s performance relative to the benchmark index for the three- and five-year\nperiods and the peer group median for the one- and three-year periods.\n
2070 Lifetime Blend Portfolio(Manulife Investment Management (US))\n	Benchmark Index – The fund outperformed for the period since inception.Lipper Category – The fund outperformed the median for the period since inception.\n	Subadviser fee comparative data not provided due to limited size of Lipper peer group for\nthis purpose.Net management fees for this fund are lower than the peer group median.Total expenses for this fund are lower than the peer group median.\n	The Board took into account the fund’s favorable performance relative to the benchmark index and the peer group median\nfor the period since inception.The Board also took into account management’s discussion of the factors that contributed to the fund’s performance relative to the benchmark index for the three- and five-year\nperiods and the peer group median for the one- and three-year periods.\n

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Other N-CSR Items

(Unaudited)

Item 8. Changes in and\ndisagreements with accountants

None.

Item 9. Proxy disclosures

When applicable, results of\nshareholder voting are included in the Shareholder meeting section of this report.

Item 10. Remuneration paid to\nTrustees, officers, and others

Trustees’ fees are included in\nthe financial statements.

Item 11. Statement regarding\nbasis for approval of investment advisory contract

When applicable, the statement\nregarding the basis for approval of any investment advisory contract is included in the Evaluation of advisory and subadvisory agreements by the Board of Trustees section of this report.

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\n $\"$ \n

John Hancock Investment Management\nDistributors LLC, Member FINRA, SIPC
\n200 Berkeley Street, Boston, MA 02116-5010, 800-225-5291, jhinvestments.com

Manulife, Manulife Investments,\nStylized 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\nHancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.

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

This report is for the information\nof the shareholders of John Hancock Lifetime Blend Portfolios. It is not authorized for distribution to prospective investors unless preceded or accompanied by a prospectus.

MF5889430\n

RL2A 8/26\n

10/26

\n $\"$ \n

Annual Financial Statements & Other N-CSR\nItems

John Hancock

Lifestyle Blend Portfolios

Asset allocation

August 31, 2026

John Hancock

Lifestyle Blend Portfolios

Table of contents

\n\n\n\n\n\n\n\n

2\n	Portfolios’ investments\n
6\n	Financial statements\n
10\n	Financial highlights\n
15\n	Notes to financial statements\n
27\n	Report of independent registered public accounting firm\n
28\n	Tax information\n
29\n	Evaluation of advisory and subadvisory agreements by the Board of Trustees\n
36\n	Other N-CSR Items\n

1\n

JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS | \n

\n\nTable of Contents\n\n

Portfolios’ investments

LIFESTYLE BLEND AGGRESSIVE\nPORTFOLIO

As of 8-31-26

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

\n	Shares or \nPrincipal \nAmount\n	Value\n
AFFILIATED INVESTMENT COMPANIES (A) - 61.9%\n	\n
Equity - 60.4%\n	\n	\n
International Strategic Equity Allocation, Class NAV, JHF II (MIM US) (B)\n	15,091,342\n	$218,522,634\n
U.S. Sector Rotation, Class NAV, JHF II (MIM US) (B)\n	16,351,756\n	248,219,649\n
Fixed income - 1.5%\n	\n	\n
Bond, Class NAV, JHSB (MIM US) (B)\n	400,544\n	5,327,233\n
Emerging Markets Debt, Class NAV, JHF II (MIM US) (B)\n	483,798\n	3,933,279\n
High Yield, Class NAV, JHBT (MIM US) (B)\n	653,369\n	1,966,640\n
\n
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost \n$321,000,789)\n	$477,969,435\n
UNAFFILIATED INVESTMENT COMPANIES - 37.7%\n	\n
Equity - 36.6%\n	\n	\n
Fidelity Mid Cap Index Fund\n	2,115,291\n	91,190,186\n
Fidelity Small Cap Index Fund\n	1,399,451\n	51,905,627\n
iShares Global Infrastructure ETF\n	36,144\n	2,354,420\n
iShares MSCI Global Min Vol Factor ETF\n	24,025\n	3,058,383\n
Vanguard Dividend Appreciation ETF\n	12,663\n	3,065,332\n
Vanguard Energy ETF\n	44,184\n	7,960,631\n
Vanguard FTSE Developed Markets ETF\n	592,413\n	43,198,756\n
Vanguard FTSE Emerging Markets ETF (C)\n	236,820\n	14,332,346\n
Vanguard Global ex-U.S. Real Estate ETF\n	52,100\n	2,330,954\n
Vanguard Materials ETF\n	19,914\n	4,707,271\n
Vanguard Real Estate ETF\n	72,411\n	6,983,319\n
Vanguard S&P 500 ETF\n	74,026\n	52,180,187\n
Fixed income - 1.1%\n	\n	\n
Vanguard Short-Term Corporate Bond ETF\n	106,635\n	8,374,047\n
\n
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost \n$202,980,644)\n	$291,641,459\n
COMMON STOCKS - 0.0%\n	\n
Consumer staples - 0.0%\n	\n	\n
China Huishan Dairy Holdings Company, Ltd. (D)(E)\n	11,471\n	0\n
ICA Gruppen AB (D)(E)\n	493\n	0\n
Health care - 0.0%\n	\n	\n
NMC Health PLC (D)(E)\n	360\n	0\n
Real estate - 0.0%\n	\n	\n
Dalian Wanda Commercial Properties Company, Ltd., H Shares (D)(E)(F)\n	9,174\n	27,652\n
Utilities - 0.0%\n	\n	\n
China Common Rich Renewable Energy Investments, Ltd. (D)(E)\n	46,457\n	0\n
\n
TOTAL COMMON STOCKS (Cost $11,582)\n	$27,652\n
U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 0.4%\n	\n
U.S. Government - 0.4%\n	\n	\n
U.S. Treasury STRIPS, PO, 5.324%, 05/15/2055\n	$4,449,600\n	982,491\n
U.S. Treasury STRIPS, PO, 5.351%, 02/15/2054\n	4,705,900\n	1,101,233\n
U.S. Treasury STRIPS, PO, 5.390%, 11/15/2052\n	3,922,300\n	971,130\n
U.S. Treasury STRIPS, PO, 5.410%, 08/15/2051\n	1,496,400\n	394,151\n

LIFESTYLE BLEND AGGRESSIVE PORTFOLIO\n(continued)
\n

\n\n\n\n\n\n\n\n\n\n\n

\n	Shares or \nPrincipal \nAmount\n	Value\n
\n
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost \n$4,177,717)\n	$3,449,005\n
SHORT-TERM INVESTMENTS - 0.0%\n	\n
Short-term funds - 0.0%\n	\n	\n
John Hancock Collateral Trust, 3.6571% (G)(H)\n	3,893\n	$38,935\n
\n
TOTAL SHORT-TERM INVESTMENTS (Cost $38,933)\n	$38,935\n
Total investments (Cost $528,209,665) - 100.0%\n	$773,126,486\n
Other assets and liabilities, net - (0.0%)\n	(341,112)\n
TOTAL NET ASSETS - 100.0%\n	$772,785,374\n

LIFESTYLE BLEND GROWTH\nPORTFOLIO

As of 8-31-26

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

\n	Shares or \nPrincipal \nAmount\n	Value\n
AFFILIATED INVESTMENT COMPANIES (A) - 57.9%\n	\n
Equity - 49.4%\n	\n	\n
International Strategic Equity Allocation, Class NAV, JHF II (MIM US) (B)\n	24,892,901\n	$360,449,212\n
U.S. Sector Rotation, Class NAV, JHF II (MIM US) (B)\n	27,395,673\n	415,866,319\n
Fixed income - 8.5%\n	\n	\n
Bond, Class NAV, JHSB (MIM US) (B)\n	4,492,459\n	59,749,708\n
Emerging Markets Debt, Class NAV, JHF II (MIM US) (B)\n	3,805,058\n	30,935,121\n
Global Senior Loan ETF, JHETF (CQS) (B)\n	918,421\n	22,579,380\n
High Yield, Class NAV, JHBT (MIM US) (B)\n	6,719,870\n	20,226,810\n
\n
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost \n$645,354,063)\n	$909,806,550\n
UNAFFILIATED INVESTMENT COMPANIES - 39.3%\n	\n
Equity - 32.8%\n	\n	\n
Fidelity Mid Cap Index Fund\n	3,460,979\n	149,202,810\n
Fidelity Small Cap Index Fund\n	2,255,674\n	83,662,940\n
iShares Global Infrastructure ETF\n	57,715\n	3,759,555\n
iShares MSCI Global Min Vol Factor ETF\n	295,631\n	37,633,826\n
Vanguard Dividend Appreciation ETF\n	99,340\n	24,047,234\n
Vanguard Energy ETF\n	71,011\n	12,794,052\n
Vanguard FTSE Developed Markets ETF\n	1,301,129\n	94,878,327\n
Vanguard FTSE Emerging Markets ETF\n	354,815\n	21,473,404\n
Vanguard Global ex-U.S. Real Estate ETF\n	83,288\n	3,726,305\n
Vanguard Materials ETF\n	31,861\n	7,531,303\n
Vanguard Real Estate ETF\n	116,219\n	11,208,160\n
Vanguard S&P 500 ETF\n	93,376\n	65,819,809\n
Fixed income - 6.5%\n	\n	\n
Vanguard Short-Term Corporate Bond ETF\n	427,715\n	33,588,459\n
Vanguard Total Bond Market ETF\n	950,120\n	68,636,669\n
\n
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost \n$447,330,823)\n	$617,962,853\n

SEE NOTES TO FINANCIAL STATEMENTS\n

| JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS\n

2\n

\n\nTable of Contents\n\n

LIFESTYLE BLEND GROWTH PORTFOLIO (continued)
\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

\n	Shares or \nPrincipal \nAmount\n	Value\n
\n
COMMON STOCKS - 0.0%\n	\n
Consumer staples - 0.0%\n	\n	\n
China Huishan Dairy Holdings Company, Ltd. (D)(E)\n	19,400\n	$0\n
ICA Gruppen AB (D)(E)\n	833\n	0\n
Health care - 0.0%\n	\n	\n
NMC Health PLC (D)(E)\n	609\n	0\n
Real estate - 0.0%\n	\n	\n
Dalian Wanda Commercial Properties Company, Ltd., H Shares (D)(E)(F)\n	15,517\n	46,767\n
Utilities - 0.0%\n	\n	\n
China Common Rich Renewable Energy Investments, Ltd. (D)(E)\n	78,570\n	0\n
\n
TOTAL COMMON STOCKS (Cost $19,587)\n	$46,767\n
U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 2.8%\n	\n
U.S. Government - 2.8%\n	\n	\n
U.S. Treasury Inflation Protected Security, 1.250%, 04/15/2028\n	$8,018,687\n	7,881,273\n
U.S. Treasury Inflation Protected Security, 1.250%, 04/15/2031\n	3,489,309\n	3,351,097\n
U.S. Treasury Inflation Protected Security, 1.625%, 04/15/2030\n	14,438,356\n	14,176,690\n
U.S. Treasury Inflation Protected Security, 2.125%, 04/15/2029\n	11,932,114\n	11,917,580\n
U.S. Treasury STRIPS, PO, 5.324%, 05/15/2055\n	9,040,900\n	1,996,271\n
U.S. Treasury STRIPS, PO, 5.351%, 02/15/2054\n	9,694,700\n	2,268,669\n
U.S. Treasury STRIPS, PO, 5.390%, 11/15/2052\n	8,081,000\n	2,000,791\n
U.S. Treasury STRIPS, PO, 5.410%, 08/15/2051\n	3,086,100\n	812,876\n
\n
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost \n$46,368,472)\n	$44,405,247\n
SHORT-TERM INVESTMENTS - 0.0%\n	\n
Short-term funds - 0.0%\n	\n	\n
John Hancock Collateral Trust, 3.6571% (G)(I)\n	847\n	8,465\n
\n
TOTAL SHORT-TERM INVESTMENTS (Cost $8,464)\n	$8,465\n
Total investments (Cost $1,139,081,409) - 100.0%\n	$1,572,229,882\n
Other assets and liabilities, net - (0.0%)\n	(202,021)\n
TOTAL NET ASSETS - 100.0%\n	$1,572,027,861\n

LIFESTYLE BLEND BALANCED\nPORTFOLIO

As of 8-31-26

\n\n\n\n\n\n\n\n

\n	Shares or \nPrincipal \nAmount\n	Value\n
AFFILIATED INVESTMENT COMPANIES (A) - 56.9%\n	\n
Equity - 37.9%\n	\n	\n
International Strategic Equity Allocation, Class NAV, JHF II (MIM US) (B)\n	18,338,648\n	$265,543,628\n
U.S. Sector Rotation, Class NAV, JHF II (MIM US) (B)\n	21,535,650\n	326,911,172\n
Fixed income - 19.0%\n	\n	\n
Bond, Class NAV, JHSB (MIM US) (B)\n	11,209,844\n	149,090,930\n
Emerging Markets Debt, Class NAV, JHF II (MIM US) (B)\n	7,551,838\n	61,396,447\n

LIFESTYLE BLEND BALANCED PORTFOLIO\n(continued)
\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

\n	Shares or \nPrincipal \nAmount\n	Value\n
Fixed income - (continued)\n	\n	\n
Global Senior Loan ETF, JHETF (CQS) (B)\n	1,828,858\n	$44,962,474\n
High Yield, Class NAV, JHBT (MIM US) (B)\n	14,174,203\n	42,664,350\n
\n
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost \n$692,027,396)\n	$890,569,001\n
UNAFFILIATED INVESTMENT COMPANIES - 38.1%\n	\n
Equity - 24.8%\n	\n	\n
Fidelity Mid Cap Index Fund\n	2,511,107\n	108,253,815\n
Fidelity Small Cap Index Fund\n	1,579,419\n	58,580,641\n
iShares Global Infrastructure ETF\n	41,903\n	2,729,561\n
iShares MSCI Global Min Vol Factor ETF\n	314,878\n	40,083,969\n
Vanguard Dividend Appreciation ETF\n	107,779\n	26,090,063\n
Vanguard Energy ETF\n	51,264\n	9,236,235\n
Vanguard FTSE Developed Markets ETF\n	1,089,849\n	79,471,789\n
Vanguard FTSE Emerging Markets ETF (C)\n	238,346\n	14,424,700\n
Vanguard Global ex-U.S. Real Estate ETF\n	60,374\n	2,701,133\n
Vanguard Materials ETF\n	23,038\n	5,445,722\n
Vanguard Real Estate ETF\n	84,401\n	8,139,634\n
Vanguard S&P 500 ETF\n	46,286\n	32,626,539\n
Fixed income - 13.3%\n	\n	\n
Vanguard Short-Term Bond ETF\n	93,463\n	7,243,383\n
Vanguard Short-Term Corporate Bond ETF\n	602,485\n	47,313,147\n
Vanguard Total Bond Market ETF\n	2,130,882\n	153,934,916\n
\n
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost \n$469,992,773)\n	$596,275,247\n
COMMON STOCKS - 0.0%\n	\n
Consumer staples - 0.0%\n	\n	\n
China Huishan Dairy Holdings Company, Ltd. (D)(E)\n	14,022\n	0\n
ICA Gruppen AB (D)(E)\n	602\n	0\n
Health care - 0.0%\n	\n	\n
NMC Health PLC (D)(E)\n	440\n	0\n
Real estate - 0.0%\n	\n	\n
Dalian Wanda Commercial Properties Company, Ltd., H Shares (D)(E)(F)\n	11,215\n	33,801\n
Utilities - 0.0%\n	\n	\n
China Common Rich Renewable Energy Investments, Ltd. (D)(E)\n	56,786\n	0\n
\n
TOTAL COMMON STOCKS (Cost $14,156)\n	$33,801\n
U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 5.0%\n	\n
U.S. Government - 5.0%\n	\n	\n
U.S. Treasury Inflation Protected Security, 1.250%, 04/15/2028\n	$14,418,471\n	14,171,385\n
U.S. Treasury Inflation Protected Security, 1.250%, 04/15/2031\n	6,272,458\n	6,024,004\n
U.S. Treasury Inflation Protected Security, 1.625%, 04/15/2030\n	26,113,958\n	25,640,695\n
U.S. Treasury Inflation Protected Security, 2.125%, 04/15/2029\n	21,599,455\n	21,573,146\n
U.S. Treasury STRIPS, PO, 5.324%, 05/15/2055\n	13,894,600\n	3,067,989\n
U.S. Treasury STRIPS, PO, 5.351%, 02/15/2054\n	14,728,500\n	3,446,634\n
U.S. Treasury STRIPS, PO, 5.390%, 11/15/2052\n	12,277,200\n	3,039,736\n

3\n

JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS | \n

SEE NOTES TO FINANCIAL STATEMENTS\n

\n\nTable of Contents\n\n

LIFESTYLE BLEND BALANCED PORTFOLIO\n(continued)
\n

\n\n\n\n\n\n\n\n\n\n\n\n\n

\n	Shares or \nPrincipal \nAmount\n	Value\n
U.S. Government - (continued)\n	\n	\n
U.S. Treasury STRIPS, PO, 5.410%, 08/15/2051\n	4,510,500\n	$1,188,062\n
\n
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost \n$81,356,220)\n	$78,151,651\n
SHORT-TERM INVESTMENTS - 0.2%\n	\n
Short-term funds - 0.2%\n	\n	\n
John Hancock Collateral Trust, 3.6571% (G)(H)\n	404,109\n	4,041,054\n
\n
TOTAL SHORT-TERM INVESTMENTS (Cost $4,040,978)\n	$4,041,054\n
Total investments (Cost $1,247,431,523) - 100.2%\n	$1,569,070,754\n
Other assets and liabilities, net - (0.2%)\n	(3,629,316)\n
TOTAL NET ASSETS - 100.0%\n	$1,565,441,438\n

LIFESTYLE BLEND MODERATE\nPORTFOLIO

As of 8-31-26

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

\n	Shares or \nPrincipal \nAmount\n	Value\n
AFFILIATED INVESTMENT COMPANIES (A) - 52.8%\n	\n
Equity - 23.4%\n	\n	\n
International Strategic Equity Allocation, Class NAV, JHF II (MIM US) (B)\n	3,643,322\n	$52,755,297\n
U.S. Sector Rotation, Class NAV, JHF II (MIM US) (B)\n	4,620,048\n	70,132,323\n
Fixed income - 29.4%\n	\n	\n
Bond, Class NAV, JHSB (MIM US) (B)\n	5,992,603\n	79,701,621\n
Emerging Markets Debt, Class NAV, JHF II (MIM US) (B)\n	3,798,796\n	30,884,214\n
Global Senior Loan ETF, JHETF (CQS) (B)\n	914,918\n	22,493,259\n
High Yield, Class NAV, JHBT (MIM US) (B)\n	7,245,018\n	21,807,504\n
\n
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost \n$237,621,541)\n	$277,774,218\n
UNAFFILIATED INVESTMENT COMPANIES - 40.5%\n	\n
Equity - 19.4%\n	\n	\n
Fidelity Mid Cap Index Fund\n	588,680\n	25,378,009\n
Fidelity Small Cap Index Fund\n	299,678\n	11,115,067\n
iShares Global Infrastructure ETF\n	10,603\n	690,679\n
iShares MSCI Global Min Vol Factor ETF\n	119,592\n	15,224,062\n
Vanguard Dividend Appreciation ETF\n	40,804\n	9,877,424\n
Vanguard Energy ETF\n	12,869\n	2,318,608\n
Vanguard FTSE Developed Markets ETF\n	302,544\n	22,061,508\n
Vanguard FTSE Emerging Markets ETF\n	86,672\n	5,245,389\n
Vanguard Global ex-U.S. Real Estate ETF\n	15,219\n	680,898\n
Vanguard Materials ETF\n	5,822\n	1,376,204\n
Vanguard Real Estate ETF\n	21,244\n	2,048,774\n
Vanguard S&P 500 ETF\n	8,867\n	6,250,260\n
Fixed income - 21.1%\n	\n	\n
Vanguard Short-Term Bond ETF\n	46,040\n	3,568,100\n
Vanguard Short-Term Corporate Bond ETF\n	321,702\n	25,263,258\n
Vanguard Total Bond Market ETF\n	1,138,751\n	82,263,372\n
\n
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost \n$182,495,973)\n	$213,361,612\n

LIFESTYLE BLEND MODERATE PORTFOLIO\n(continued)
\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

\n	Shares or \nPrincipal \nAmount\n	Value\n
\n
COMMON STOCKS - 0.0%\n	\n
Consumer staples - 0.0%\n	\n	\n
China Huishan Dairy Holdings Company, Ltd. (D)(E)\n	2,691\n	$0\n
ICA Gruppen AB (D)(E)\n	116\n	0\n
Health care - 0.0%\n	\n	\n
NMC Health PLC (D)(E)\n	84\n	0\n
Real estate - 0.0%\n	\n	\n
Dalian Wanda Commercial Properties Company, Ltd., H Shares (D)(E)(F)\n	2,149\n	6,476\n
Utilities - 0.0%\n	\n	\n
China Common Rich Renewable Energy Investments, Ltd. (D)(E)\n	10,897\n	0\n
\n
TOTAL COMMON STOCKS (Cost $2,716)\n	$6,476\n
U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 6.7%\n	\n
U.S. Government - 6.7%\n	\n	\n
U.S. Treasury Inflation Protected Security, 1.250%, 04/15/2028\n	$7,022,559\n	6,902,215\n
U.S. Treasury Inflation Protected Security, 1.250%, 04/15/2031\n	3,054,362\n	2,933,379\n
U.S. Treasury Inflation Protected Security, 1.625%, 04/15/2030\n	12,685,877\n	12,455,971\n
U.S. Treasury Inflation Protected Security, 2.125%, 04/15/2029\n	10,500,623\n	10,487,833\n
U.S. Treasury STRIPS, PO, 5.324%, 05/15/2055\n	3,158,900\n	697,499\n
U.S. Treasury STRIPS, PO, 5.351%, 02/15/2054\n	3,350,700\n	784,101\n
U.S. Treasury STRIPS, PO, 5.390%, 11/15/2052\n	2,792,900\n	691,500\n
U.S. Treasury STRIPS, PO, 5.410%, 08/15/2051\n	1,017,900\n	268,114\n
\n
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost \n$36,223,455)\n	$35,220,612\n
SHORT-TERM INVESTMENTS - 0.1%\n	\n
Short-term funds - 0.1%\n	\n	\n
John Hancock Collateral Trust, 3.6571% (G)(I)\n	30,925\n	309,248\n
\n
TOTAL SHORT-TERM INVESTMENTS (Cost $309,246)\n	$309,248\n
Total investments (Cost $456,652,931) - 100.1%\n	$526,672,166\n
Other assets and liabilities, net - (0.1%)\n	(285,397)\n
TOTAL NET ASSETS - 100.0%\n	$526,386,769\n

LIFESTYLE BLEND CONSERVATIVE\nPORTFOLIO

As of 8-31-26

\n\n\n\n\n\n\n\n

\n	Shares or \nPrincipal \nAmount\n	Value\n
AFFILIATED INVESTMENT COMPANIES (A) - 49.7%\n	\n
Equity - 10.1%\n	\n	\n
International Strategic Equity Allocation, Class NAV, JHF II (MIM US) (B)\n	1,027,845\n	$14,883,202\n
U.S. Sector Rotation, Class NAV, JHF II (MIM US) (B)\n	1,661,528\n	25,221,989\n
Fixed income - 39.6%\n	\n	\n
Bond, Class NAV, JHSB (MIM US) (B)\n	6,115,860\n	81,340,934\n
Emerging Markets Debt, Class NAV, JHF II (MIM US) (B)\n	3,796,165\n	30,862,818\n

SEE NOTES TO FINANCIAL STATEMENTS\n

| JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS\n

4\n

\n\nTable of Contents\n\n

LIFESTYLE BLEND CONSERVATIVE PORTFOLIO\n(continued)
\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

\n	Shares or \nPrincipal \nAmount\n	Value\n
Fixed income - (continued)\n	\n	\n
Global Senior Loan ETF, JHETF (CQS) (B)\n	918,204\n	$22,574,045\n
High Yield, Class NAV, JHBT (MIM US) (B)\n	7,295,708\n	21,960,082\n
\n
TOTAL AFFILIATED INVESTMENT COMPANIES (Cost \n$183,771,558)\n	$196,843,070\n
UNAFFILIATED INVESTMENT COMPANIES - 40.5%\n	\n
Equity - 12.2%\n	\n	\n
Fidelity Mid Cap Index Fund\n	224,987\n	9,699,187\n
Fidelity Small Cap Index Fund\n	135,601\n	5,029,447\n
iShares MSCI Global Min Vol Factor ETF\n	40,269\n	5,126,244\n
Vanguard Dividend Appreciation ETF\n	12,722\n	3,079,615\n
Vanguard FTSE Developed Markets ETF\n	167,088\n	12,184,057\n
Vanguard FTSE Emerging Markets ETF (C)\n	28,112\n	1,701,338\n
Vanguard S&P 500 ETF\n	15,981\n	11,264,847\n
Fixed income - 28.3%\n	\n	\n
Vanguard Short-Term Bond ETF (C)\n	62,237\n	4,823,368\n
Vanguard Short-Term Corporate Bond ETF (C)\n	292,674\n	22,983,687\n
Vanguard Total Bond Market ETF\n	1,165,441\n	84,191,458\n
\n
TOTAL UNAFFILIATED INVESTMENT COMPANIES (Cost \n$146,399,917)\n	$160,083,248\n
COMMON STOCKS - 0.0%\n	\n
Consumer staples - 0.0%\n	\n	\n
China Huishan Dairy Holdings Company, Ltd. (D)(E)\n	955\n	0\n
ICA Gruppen AB (D)(E)\n	41\n	0\n
Health care - 0.0%\n	\n	\n
NMC Health PLC (D)(E)\n	30\n	0\n
Real estate - 0.0%\n	\n	\n
Dalian Wanda Commercial Properties Company, Ltd., H Shares (D)(E)(F)\n	762\n	2,298\n
Utilities - 0.0%\n	\n	\n
China Common Rich Renewable Energy Investments, Ltd. (D)(E)\n	3,867\n	0\n
\n
TOTAL COMMON STOCKS (Cost $965)\n	$2,298\n
U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 9.8%\n	\n
U.S. Government - 9.8%\n	\n	\n
U.S. Treasury Inflation Protected Security, 1.250%, 04/15/2028\n	$8,274,233\n	8,132,439\n
U.S. Treasury Inflation Protected Security, 1.250%, 04/15/2031\n	3,617,488\n	3,474,199\n
U.S. Treasury Inflation Protected Security, 1.625%, 04/15/2030\n	14,952,674\n	14,681,687\n
U.S. Treasury Inflation Protected Security, 2.125%, 04/15/2029\n	12,391,245\n	12,376,152\n
\n
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost \n$39,286,064)\n	$38,664,477\n
SHORT-TERM INVESTMENTS - 3.1%\n	\n
Short-term funds - 3.1%\n	\n	\n
John Hancock Collateral Trust, 3.6571% (G)(H)\n	1,207,092\n	12,070,794\n

LIFESTYLE BLEND CONSERVATIVE PORTFOLIO\n(continued)
\n

\n\n\n\n\n\n

\n	Shares or \nPrincipal \nAmount\n	Value\n
\n
TOTAL SHORT-TERM INVESTMENTS (Cost $12,071,629)\n	$12,070,794\n
Total investments (Cost $381,530,133) - 103.1%\n	$407,663,887\n
Other assets and liabilities, net - (3.1%)\n	(12,133,875)\n
TOTAL NET ASSETS - 100.0%\n	$395,530,012\n

Percentages are based upon net\nassets.

Security Abbreviations and Legend

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

CQS\n	CQS (US), LLC\n
JHBT\n	John Hancock Bond Trust\n
JHETF\n	John Hancock Exchange-Traded Fund Trust\n
JHF II\n	John Hancock Funds II\n
JHSB\n	John Hancock Sovereign Bond Fund\n
MIM US\n	Manulife Investment Management (US) LLC\n
PO\n	Principal-Only Security - (Principal Tranche of Stripped Security). Rate shown is the annualized yield on date of purchase.\n
STRIPS\n	Separate Trading of Registered Interest and Principal Securities\n
(A)\n	The underlying funds’ subadvisor is shown parenthetically.\n
(B)\n	The subadvisor is an affiliate of the advisor.\n
(C)\n	All or a portion of this security is on loan as of 8-31-26.\n
(D)\n	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.\n
(E)\n	Non-income producing.\n
(F)\n	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\nregistration.\n
(G)\n	The rate shown is the annualized seven-day yield as of 8-31-26.\n
(H)\n	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.\n
(I)\n	Investment is an affiliate of the fund, the advisor and/or subadvisor.\n

5\n

JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS | \n

SEE NOTES TO FINANCIAL STATEMENTS\n

\n\nTable of Contents\n\n

Financial statements

STATEMENTS OF ASSETS AND\nLIABILITIES 8-31-26

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

\n	Lifestyle Blend Aggressive Portfolio\n	Lifestyle Blend Growth Portfolio\n	Lifestyle Blend Balanced Portfolio\n	Lifestyle Blend Moderate Portfolio\n	Lifestyle Blend Conservative Portfolio\n
Assets\n	\n	\n	\n	\n	\n
Unaffiliated investments, at value (including securities loaned)\n	$295,118,116\n	$662,414,867\n	$674,460,699\n	$248,588,700\n	$198,750,023\n
Affiliated investments, at value\n	478,008,370\n	909,815,015\n	894,610,055\n	278,083,466\n	208,913,864\n
Total investments, at value\n	773,126,486\n	1,572,229,882\n	1,569,070,754\n	526,672,166\n	407,663,887\n
Dividends and interest receivable\n	143,102\n	912,743\n	1,713,687\n	839,610\n	873,047\n
Receivable for fund shares sold\n	258,740\n	340,317\n	699,052\n	146,386\n	182,708\n
Receivable for investments sold\n	774,522\n	1,879,573\n	641,270\n	48,403\n	445,005\n
Receivable for securities lending income\n	14\n	828\n	1,096\n	162\n	1,420\n
Receivable from affiliates\n	—\n	—\n	—\n	1,380\n	1,428\n
Other assets\n	47,481\n	75,868\n	83,037\n	35,839\n	33,386\n
Total assets\n	774,350,345\n	1,575,439,211\n	1,572,208,896\n	527,743,946\n	409,200,881\n
Liabilities\n	\n	\n	\n	\n	\n
Due to custodian\n	20,295\n	442,314\n	658,708\n	19,731\n	15,910\n
Payable for investments purchased\n	51,885\n	518,745\n	1,167,689\n	897,357\n	616,573\n
Payable for fund shares repurchased\n	1,350,794\n	2,276,122\n	724,742\n	336,110\n	877,467\n
Payable upon return of securities loaned\n	31,125\n	—\n	4,027,575\n	—\n	12,068,600\n
Payable to affiliates\n	\n	\n	\n	\n	\n
Accounting and legal services fees\n	34,294\n	70,242\n	69,147\n	23,268\n	17,546\n
Transfer agent fees\n	15,687\n	35,304\n	50,780\n	21,396\n	16,672\n
Trustees’ fees\n	315\n	647\n	636\n	216\n	162\n
Other liabilities and accrued expenses\n	60,576\n	67,976\n	68,181\n	59,099\n	57,939\n
Total liabilities\n	1,564,971\n	3,411,350\n	6,767,458\n	1,357,177\n	13,670,869\n
Net assets\n	$772,785,374\n	$1,572,027,861\n	$1,565,441,438\n	$526,386,769\n	$395,530,012\n
Net assets consist of\n	\n	\n	\n	\n	\n
Paid-in capital\n	$512,558,063\n	$1,106,689,180\n	$1,223,428,259\n	$460,350,616\n	$381,097,834\n
Total distributable earnings (loss)\n	260,227,311\n	465,338,681\n	342,013,179\n	66,036,153\n	14,432,178\n
Net assets\n	$772,785,374\n	$1,572,027,861\n	$1,565,441,438\n	$526,386,769\n	$395,530,012\n
Unaffiliated investments, at cost\n	$207,169,943\n	$493,718,882\n	$551,363,149\n	$218,722,144\n	$185,686,946\n
Affiliated investments, at cost\n	321,039,722\n	645,362,527\n	696,068,374\n	237,930,787\n	195,843,187\n
Total investments, at cost\n	528,209,665\n	1,139,081,409\n	1,247,431,523\n	456,652,931\n	381,530,133\n
Securities loaned, at value\n	$30,395\n	—\n	$3,933,113\n	—\n	$13,393,189\n
Net asset value per share\n	\n	\n	\n	\n	\n
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\nby the number of outstanding shares in the class.\n	\n	\n	\n	\n	\n
Class A¹\n	\n	\n	\n	\n	\n
Net assets\n	$168,444,836\n	$375,249,676\n	$543,285,505\n	$229,909,705\n	$180,514,633\n
Shares outstanding\n	9,668,353\n	23,522,003\n	38,999,470\n	18,634,735\n	16,612,181\n
Net asset value and redemption price per share\n	$17.42\n	$15.95\n	$13.93\n	$12.34\n	$10.87\n
Class R6\n	\n	\n	\n	\n	\n
Net assets\n	$25,919,042\n	$61,548,661\n	$48,360,613\n	$12,901,269\n	$12,346,712\n
Shares outstanding\n	1,483,550\n	3,842,999\n	3,472,976\n	1,044,864\n	1,135,439\n
Net asset value, offering price and redemption price per share\n	$17.47\n	$16.02\n	$13.92\n	$12.35\n	$10.87\n
Class 1\n	\n	\n	\n	\n	\n
Net assets\n	$578,421,496\n	$1,135,229,524\n	$973,795,320\n	$283,575,795\n	$202,668,667\n
Shares outstanding\n	33,150,868\n	71,083,558\n	69,967,469\n	22,973,685\n	18,645,173\n
Net asset value, offering price and redemption price per share\n	$17.45\n	$15.97\n	$13.92\n	$12.34\n	$10.87\n
Maximum offering price per share\n	\n	\n	\n	\n	\n
Class A (net asset value per share ÷ 95%)²\n	$18.34\n	$16.79\n	$14.66\n	$12.99\n	$11.44\n

\n\n\n

\n	\n
¹\n	Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.\n
²\n	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.\n

SEE NOTES TO FINANCIAL STATEMENTS\n

| JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS\n

6\n

\n\nTable of Contents\n\n

STATEMENTS OF OPERATIONS For the year ended 8-31-26

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

\n	Lifestyle Blend Aggressive Portfolio\n	Lifestyle Blend Growth Portfolio\n	Lifestyle Blend Balanced Portfolio\n	Lifestyle Blend Moderate Portfolio\n	Lifestyle Blend Conservative Portfolio\n
Investment income\n	\n	\n	\n	\n	\n
Dividends from affiliated investments\n	$7,666,408\n	$18,792,381\n	$23,566,738\n	$9,528,276\n	$8,510,649\n
Dividends from unaffiliated investments\n	4,067,782\n	11,388,502\n	14,112,490\n	5,999,566\n	5,132,605\n
Interest\n	200,305\n	1,982,977\n	3,711,016\n	1,690,936\n	1,955,204\n
Securities lending, net\n	10,469\n	21,160\n	16,652\n	8,239\n	24,107\n
Total investment income\n	11,944,964\n	32,185,020\n	41,406,896\n	17,227,017\n	15,622,565\n
Expenses\n	\n	\n	\n	\n	\n
Investment management fees\n	1,523,756\n	3,812,741\n	4,496,100\n	1,806,779\n	1,567,220\n
Distribution and service fees\n	716,580\n	1,554,358\n	1,920,246\n	762,030\n	587,810\n
Accounting and legal services fees\n	126,082\n	257,844\n	256,751\n	86,945\n	66,203\n
Transfer agent fees\n	163,166\n	374,275\n	533,151\n	228,423\n	177,826\n
Trustees’ fees\n	16,340\n	33,431\n	33,256\n	11,305\n	8,608\n
Custodian fees\n	26,755\n	28,255\n	28,255\n	28,255\n	28,255\n
State registration fees\n	41,117\n	57,038\n	56,050\n	45,767\n	36,864\n
Printing and postage\n	19,936\n	24,579\n	26,008\n	19,566\n	18,843\n
Professional fees\n	64,531\n	87,603\n	87,406\n	57,816\n	54,211\n
Other\n	27,782\n	49,236\n	51,596\n	23,849\n	21,581\n
Total expenses\n	2,726,045\n	6,279,360\n	7,488,819\n	3,070,735\n	2,567,421\n
Less expense reductions\n	(13,783)\n	(280,386)\n	(604,911)\n	(332,192)\n	(360,807)\n
Net expenses\n	2,712,262\n	5,998,974\n	6,883,908\n	2,738,543\n	2,206,614\n
Net investment income\n	9,232,702\n	26,186,046\n	34,522,988\n	14,488,474\n	13,415,951\n
Realized and unrealized gain (loss)\n	\n	\n	\n	\n	\n
Net realized gain (loss) on\n	\n	\n	\n	\n	\n
Unaffiliated investments\n	6,110,124\n	14,597,415\n	15,878,374\n	4,929,944\n	1,962,882\n
Affiliated investments\n	4,364,755\n	8,008,998\n	6,558,639\n	3,002,525\n	1,191,595\n
Capital gain distributions received from affiliated investments\n	12,004,794\n	19,969,176\n	14,946,638\n	3,149,828\n	955,028\n
\n	22,479,673\n	42,575,589\n	37,383,651\n	11,082,297\n	4,109,505\n
Change in net unrealized appreciation (depreciation) of\n	\n	\n	\n	\n	\n
Unaffiliated investments\n	41,855,480\n	67,867,534\n	42,783,937\n	8,401,210\n	2,814,358\n
Affiliated investments\n	67,125,868\n	108,138,722\n	76,987,571\n	12,704,653\n	2,319,539\n
\n	108,981,348\n	176,006,256\n	119,771,508\n	21,105,863\n	5,133,897\n
Net realized and unrealized gain\n	131,461,021\n	218,581,845\n	157,155,159\n	32,188,160\n	9,243,402\n
Increase in net assets from operations\n	$140,693,723\n	$244,767,891\n	$191,678,147\n	$46,676,634\n	$22,659,353\n

7\n

JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS | \n

SEE NOTES TO FINANCIAL STATEMENTS\n

\n\nTable of Contents\n\n

STATEMENTS OF CHANGES IN NET\nASSETS

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

\n	Lifestyle Blend Aggressive Portfolio\n	Lifestyle Blend Growth Portfolio\n	Lifestyle Blend Balanced Portfolio\n
\n	Year ended \n8-31-26 \n\n	Year ended \n8-31-25 \n\n	Year ended \n8-31-26 \n\n	Year ended \n8-31-25 \n\n	Year ended \n8-31-26 \n\n	Year ended \n8-31-25 \n\n
Increase (decrease) in net assets\n	\n	\n	\n	\n	\n	\n
From operations\n	\n	\n	\n	\n	\n	\n
Net investment income\n	$9,232,702\n	$8,586,809\n	$26,186,046\n	$24,752,961\n	$34,522,988\n	$32,667,862\n
Net realized gain\n	22,479,673\n	23,547,009\n	42,575,589\n	39,177,535\n	37,383,651\n	30,289,134\n
Change in net unrealized appreciation (depreciation)\n	108,981,348\n	42,842,882\n	176,006,256\n	76,479,781\n	119,771,508\n	54,562,290\n
Increase in net assets resulting from operations\n	140,693,723\n	74,976,700\n	244,767,891\n	140,410,277\n	191,678,147\n	117,519,286\n
Distributions to shareholders\n	\n	\n	\n	\n	\n	\n
From earnings\n	\n	\n	\n	\n	\n	\n
Class A\n	(6,242,727)\n	(1,412,327)\n	(11,924,453)\n	(3,859,151)\n	(9,961,829)\n	(8,152,310)\n
Class R6\n	(1,303,937)\n	(474,518)\n	(2,417,596)\n	(1,042,582)\n	(1,245,970)\n	(1,118,648)\n
Class 1\n	(25,326,146)\n	(7,888,778)\n	(41,893,590)\n	(18,873,508)\n	(22,911,844)\n	(23,524,901)\n
Total distributions\n	(32,872,810)\n	(9,775,623)\n	(56,235,639)\n	(23,775,241)\n	(34,119,643)\n	(32,795,859)\n
Portfolio share transactions\n	\n	\n	\n	\n	\n	\n
From portfolio share transactions\n	3,186,138\n	9,789,932\n	5,747,712\n	(25,188,547)\n	21,447,150\n	(19,216,010)\n
Total increase\n	111,007,051\n	74,991,009\n	194,279,964\n	91,446,489\n	179,005,654\n	65,507,417\n
Net assets\n	\n	\n	\n	\n	\n	\n
Beginning of year\n	661,778,323\n	586,787,314\n	1,377,747,897\n	1,286,301,408\n	1,386,435,784\n	1,320,928,367\n
End of year\n	$772,785,374\n	$661,778,323\n	$1,572,027,861\n	$1,377,747,897\n	$1,565,441,438\n	$1,386,435,784\n

SEE NOTES TO FINANCIAL STATEMENTS\n

| JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS\n

8\n

\n\nTable of Contents\n\n

STATEMENTS OF CHANGES IN NET ASSETS
\n

Continued

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

\n	Lifestyle Blend Moderate Portfolio\n	Lifestyle Blend Conservative Portfolio\n
\n	Year ended \n8-31-26 \n\n	Year ended \n8-31-25 \n\n	Year ended \n8-31-26 \n\n	Year ended \n8-31-25 \n\n
Increase (decrease) in net assets\n	\n	\n	\n	\n
From operations\n	\n	\n	\n	\n
Net investment income\n	$14,488,474\n	$13,037,482\n	$13,415,951\n	$12,280,868\n
Net realized gain\n	11,082,297\n	4,708,062\n	4,109,505\n	4,210,391\n
Change in net unrealized appreciation (depreciation)\n	21,105,863\n	14,558,443\n	5,133,897\n	5,033,956\n
Increase in net assets resulting from operations\n	46,676,634\n	32,303,987\n	22,659,353\n	21,525,215\n
Distributions to shareholders\n	\n	\n	\n	\n
From earnings\n	\n	\n	\n	\n
Class A\n	(5,491,355)\n	(4,389,396)\n	(5,257,336)\n	(4,263,902)\n
Class R6\n	(374,918)\n	(334,222)\n	(425,776)\n	(318,316)\n
Class 1\n	(8,332,596)\n	(8,213,412)\n	(7,485,230)\n	(7,467,399)\n
Total distributions\n	(14,198,869)\n	(12,937,030)\n	(13,168,342)\n	(12,049,617)\n
Portfolio share transactions\n	\n	\n	\n	\n
From portfolio share transactions\n	26,878,027\n	26,349,881\n	20,439,561\n	33,296,532\n
Total increase\n	59,355,792\n	45,716,838\n	29,930,572\n	42,772,130\n
Net assets\n	\n	\n	\n	\n
Beginning of year\n	467,030,977\n	421,314,139\n	365,599,440\n	322,827,310\n
End of year\n	$526,386,769\n	$467,030,977\n	$395,530,012\n	$365,599,440\n

9\n

JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS | \n

SEE NOTES TO FINANCIAL STATEMENTS\n

\n\nTable of Contents\n\n

Financial highlights

Lifestyle Blend Aggressive\nPortfolio

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Per share operating performance for a share outstanding throughout each period\n

Ratios and supplemental data\n

Income (loss) from investment operations\n

Less distributions\n

Ratios to average net assets\n

Period ended\n

Net asset
\nvalue,
\nbeginning
\nof period ($)\n

Net
\ninvestment
\nincome
\n(loss) ($)^{1, 2}\n

Net realized and
\nunrealized
\ngain (loss)
\non investments ($)\n

Total from
\ninvestment
\noperations ($)\n

From net
\ninvestment
\nincome ($)\n

From net
\nrealized
\ngain ($)\n

Total
\ndistributions ($)\n

Net asset
\nvalue,
\nend of
\nperiod ($)\n

Total
\nreturn
\n(%)³\n

Expenses
\nbefore
\nreductions
\n(%)⁴\n

Expenses
\nincluding
\nreductions
\n(%)⁴\n

Net
\ninvestment
\nincome
\n(loss) (%)²\n

Net
\nassets,
\nend of
\nperiod
\n(in millions)\n

Portfolio
\nturnover
\n(%)\n

Lifestyle Blend Aggressive Portfolio\n

Class A\n

08-31-2026\n

15.03\n

0.16\n

2.93\n

3.09\n

(0.18)\n

(0.52)\n

(0.70)\n

17.42\n

21.21⁵\n

0.67\n

0.66\n

0.97\n

168\n

15\n

08-31-2025\n

13.56\n

0.15\n

1.51\n

1.66\n

(0.16)\n

(0.03)\n

(0.19)\n

15.03\n

12.40⁵\n

0.68\n

1.11\n

126\n

20\n

08-31-2024\n

11.48\n

0.15\n

2.12\n

2.27\n

(0.19)\n

—\n

(0.19)\n

13.56\n

19.95⁵\n

0.70\n

1.27\n

94\n

17\n

08-31-2023\n

11.86\n

0.11\n

0.88\n

0.99\n

(0.11)\n

(1.26)\n

(1.37)\n

11.48\n

9.69⁵\n

0.71\n

0.70\n

0.98\n

62\n

16\n

08-31-2022\n

14.98\n

0.09\n

(2.16)\n

(2.07)\n

(0.14)\n

(0.91)\n

(1.05)\n

11.86\n

(15.01)⁵\n

0.68\n

0.69\n

43\n

91\n

Class R6\n

08-31-2026\n

15.07\n

0.24\n

2.92\n

3.16\n

(0.24)\n

(0.52)\n

(0.76)\n

17.47\n

21.68\n

0.26\n

1.49\n

26\n

15\n

08-31-2025\n

13.59\n

0.22\n

1.50\n

1.72\n

(0.21)\n

(0.03)\n

(0.24)\n

15.07\n

12.89\n

0.28\n

0.27\n

1.62\n

27\n

20\n

08-31-2024\n

11.50\n

0.21\n

2.11\n

2.32\n

(0.23)\n

—\n

(0.23)\n

13.59\n

20.46\n

0.29\n

1.69\n

25\n

17\n

08-31-2023\n

11.88\n

0.16\n

0.88\n

1.04\n

(0.16)\n

(1.26)\n

(1.42)\n

11.50\n

10.16\n

0.30\n

0.29\n

1.42\n

17\n

16\n

08-31-2022\n

15.01\n

0.16\n

(2.18)\n

(2.02)\n

(0.20)\n

(0.91)\n

(1.11)\n

11.88\n

(14.70)\n

0.27\n

1.19\n

14\n

91\n

Class 1\n

08-31-2026\n

15.05\n

0.22\n

2.93\n

3.15\n

(0.23)\n

(0.52)\n

(0.75)\n

17.45\n

21.65\n

0.31\n

0.30\n

1.35\n

578\n

15\n

08-31-2025\n

13.57\n

0.20\n

1.52\n

1.72\n

(0.21)\n

(0.03)\n

(0.24)\n

15.05\n

12.87\n

0.32\n

1.48\n

509\n

20\n

08-31-2024\n

11.48\n

0.21\n

2.11\n

2.32\n

(0.23)\n

—\n

(0.23)\n

13.57\n

20.45\n

0.34\n

0.33\n

1.73\n

467\n

17\n

08-31-2023\n

11.87\n

0.16\n

0.86\n

1.02\n

(0.15)\n

(1.26)\n

(1.41)\n

11.48\n

10.02\n

0.34\n

1.45\n

412\n

16\n

08-31-2022\n

15.00\n

0.18\n

(2.20)\n

(2.02)\n

(0.20)\n

(0.91)\n

(1.11)\n

11.87\n

(14.74)\n

0.31\n

1.30\n

392\n

91\n

\n\n\n\n\n

¹ Based on average daily shares outstanding.\n

³ Total returns would have been lower had certain expenses not been reduced during the applicable periods.\n

⁴ Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the\nportfolio.\n

⁵ Does not reflect the effect of sales charges, if any.\n

SEE NOTES TO FINANCIAL STATEMENTS\n

| JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS\n

10\n

\n\nTable of Contents\n\n

Financial highlights continued

Lifestyle Blend Growth Portfolio

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Per share operating performance for a share outstanding throughout each period\n

Ratios and supplemental data\n

Income (loss) from investment operations\n

Less distributions\n

Ratios to average net assets\n

Period ended\n

Net asset
\nvalue,
\nbeginning
\nof period ($)\n

Net
\ninvestment
\nincome
\n(loss) ($)^{1, 2}\n

Net realized and
\nunrealized
\ngain (loss)
\non investments ($)\n

Total from
\ninvestment
\noperations ($)\n

From net
\ninvestment
\nincome ($)\n

From net
\nrealized
\ngain ($)\n

Total
\ndistributions ($)\n

Net asset
\nvalue,
\nend of
\nperiod ($)\n

Total
\nreturn
\n(%)³\n

Expenses
\nbefore
\nreductions
\n(%)⁴\n

Expenses
\nincluding
\nreductions
\n(%)⁴\n

Net
\ninvestment
\nincome
\n(loss) (%)²\n

Net
\nassets,
\nend of
\nperiod
\n(in millions)\n

Portfolio
\nturnover
\n(%)\n

Lifestyle Blend Growth Portfolio\n

Class A\n

08-31-2026\n

14.06\n

0.22\n

2.21\n

2.43\n

(0.24)\n

(0.30)\n

(0.54)\n

15.95\n

17.73⁵\n

0.70\n

0.69\n

1.49\n

375\n

15\n

08-31-2025\n

12.88\n

0.21\n

1.17\n

1.38\n

(0.20)\n

—\n

(0.20)\n

14.06\n

10.90⁵\n

0.72\n

0.70\n

1.58\n

299\n

22\n

08-31-2024\n

11.11\n

0.20\n

1.78\n

1.98\n

(0.21)\n

—\n

(0.21)\n

12.88\n

18.05⁵\n

0.74\n

0.73\n

1.69\n

231\n

26\n

08-31-2023\n

11.57\n

0.15\n

0.65\n

0.80\n

(0.17)\n

(1.09)\n

(1.26)\n

11.11\n

7.95⁵\n

0.75\n

1.41\n

154\n

15\n

08-31-2022\n

14.32\n

0.14\n

(2.05)\n

(1.91)\n

(0.16)\n

(0.68)\n

(0.84)\n

11.57\n

(14.26)⁵\n

0.73\n

1.14\n

85\n

74\n

Class R6\n

08-31-2026\n

14.11\n

0.29\n

2.22\n

2.51\n

(0.30)\n

(0.60)\n

16.02\n

18.26\n

0.30\n

0.28\n

1.94\n

62\n

15\n

08-31-2025\n

12.92\n

0.27\n

1.17\n

1.44\n

(0.25)\n

—\n

(0.25)\n

14.11\n

11.38\n

0.31\n

0.30\n

2.04\n

59\n

22\n

08-31-2024\n

11.15\n

0.24\n

1.79\n

2.03\n

(0.26)\n

—\n

(0.26)\n

12.92\n

18.43\n

0.33\n

0.32\n

2.03\n

48\n

26\n

08-31-2023\n

11.60\n

0.21\n

0.65\n

0.86\n

(0.22)\n

(1.09)\n

(1.31)\n

11.15\n

8.51\n

0.34\n

1.88\n

28\n

15\n

08-31-2022\n

14.37\n

0.22\n

(2.09)\n

(1.87)\n

(0.22)\n

(0.68)\n

(0.90)\n

11.60\n

(14.01)\n

0.32\n

1.69\n

24\n

74\n

Class 1\n

08-31-2026\n

14.07\n

0.28\n

2.21\n

2.49\n

(0.29)\n

(0.30)\n

(0.59)\n

15.97\n

18.19\n

0.35\n

0.33\n

1.86\n

1,135\n

15\n

08-31-2025\n

12.89\n

0.26\n

1.17\n

1.43\n

(0.25)\n

—\n

(0.25)\n

14.07\n

11.33\n

0.36\n

0.34\n

1.99\n

1,020\n

22\n

08-31-2024\n

11.12\n

0.25\n

1.77\n

2.02\n

(0.25)\n

—\n

(0.25)\n

12.89\n

18.44\n

0.37\n

0.36\n

2.16\n

1,007\n

26\n

08-31-2023\n

11.58\n

0.21\n

0.63\n

0.84\n

(0.21)\n

(1.09)\n

(1.30)\n

11.12\n

8.39\n

0.39\n

1.89\n

903\n

15\n

08-31-2022\n

14.34\n

0.22\n

(2.08)\n

(1.86)\n

(0.22)\n

(0.68)\n

(0.90)\n

11.58\n

(14.00)\n

0.36\n

1.68\n

884\n

74\n

\n\n\n\n\n

¹ Based on average daily shares outstanding.\n

³ Total returns would have been lower had certain expenses not been reduced during the applicable periods.\n

⁴ Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the\nportfolio.\n

⁵ Does not reflect the effect of sales charges, if any.\n

11\n

JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS | \n

SEE NOTES TO FINANCIAL STATEMENTS\n

\n\nTable of Contents\n\n

Lifestyle Blend Balanced Portfolio

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Per share operating performance for a share outstanding throughout each period\n

Ratios and supplemental data\n

Income (loss) from investment operations\n

Less distributions\n

Ratios to average net assets\n

Period ended\n

Net asset
\nvalue,
\nbeginning
\nof period ($)\n

Net
\ninvestment
\nincome
\n(loss) ($)^{1, 2}\n

Net realized and
\nunrealized
\ngain (loss)
\non investments ($)\n

Total from
\ninvestment
\noperations ($)\n

From net
\ninvestment
\nincome ($)\n

From net
\nrealized
\ngain ($)\n

Total
\ndistributions ($)\n

Net asset
\nvalue,
\nend of
\nperiod ($)\n

Total
\nreturn
\n(%)³\n

Expenses
\nbefore
\nreductions
\n(%)⁴\n

Expenses
\nincluding
\nreductions
\n(%)⁴\n

Net
\ninvestment
\nincome
\n(loss) (%)²\n

Net
\nassets,
\nend of
\nperiod
\n(in millions)\n

Portfolio
\nturnover
\n(%)\n

Lifestyle Blend Balanced Portfolio\n

Class A\n

08-31-2026\n

12.51\n

0.28\n

1.42\n

1.70\n

(0.27)\n

(0.01)\n

(0.28)\n

13.93\n

13.73⁵\n

0.75\n

0.71\n

2.09\n

543\n

15\n

08-31-2025\n

11.74\n

0.26\n

0.77\n

1.03\n

(0.26)\n

—\n

(0.26)\n

12.51\n

8.98⁵\n

0.77\n

0.73\n

2.18\n

424\n

24\n

08-31-2024\n

10.40\n

0.25\n

1.33\n

1.58\n

(0.24)\n

—\n

(0.24)\n

11.74\n

15.47⁵\n

0.79\n

0.77\n

2.27\n

338\n

38\n

08-31-2023\n

10.82\n

0.19\n

0.39\n

0.58\n

(0.21)\n

(0.79)\n

(1.00)\n

10.40\n

6.08⁵\n

0.80\n

1.90\n

232\n

15\n

08-31-2022\n

13.33\n

0.19\n

(1.93)\n

(1.74)\n

(0.19)\n

(0.58)\n

(0.77)\n

10.82\n

(13.85)⁵\n

0.79\n

1.62\n

126\n

58\n

Class R6\n

08-31-2026\n

12.51\n

0.34\n

1.40\n

1.74\n

(0.32)\n

(0.01)\n

(0.33)\n

13.92\n

14.11\n

0.35\n

0.31\n

2.55\n

48\n

15\n

08-31-2025\n

11.74\n

0.31\n

0.77\n

1.08\n

(0.31)\n

—\n

(0.31)\n

12.51\n

9.43\n

0.36\n

0.33\n

2.63\n

47\n

24\n

08-31-2024\n

10.40\n

0.28\n

1.35\n

1.63\n

(0.29)\n

—\n

(0.29)\n

11.74\n

15.93\n

0.38\n

0.36\n

2.59\n

39\n

38\n

08-31-2023\n

10.82\n

0.24\n

0.38\n

0.62\n

(0.25)\n

(0.79)\n

(1.04)\n

10.40\n

6.53\n

0.40\n

2.35\n

21\n

15\n

08-31-2022\n

13.33\n

0.25\n

(1.93)\n

(1.68)\n

(0.25)\n

(0.58)\n

(0.83)\n

10.82\n

(13.48)\n

0.38\n

2.11\n

16\n

58\n

Class 1\n

08-31-2026\n

12.50\n

0.33\n

1.41\n

1.74\n

(0.31)\n

(0.01)\n

(0.32)\n

13.92\n

14.15\n

0.39\n

0.35\n

2.48\n

974\n

15\n

08-31-2025\n

11.73\n

0.31\n

0.77\n

1.08\n

(0.31)\n

—\n

(0.31)\n

12.50\n

9.38\n

0.40\n

0.37\n

2.59\n

916\n

24\n

08-31-2024\n

10.39\n

0.29\n

1.33\n

1.62\n

(0.28)\n

—\n

(0.28)\n

11.73\n

15.90\n

0.42\n

0.40\n

2.71\n

944\n

38\n

08-31-2023\n

10.82\n

0.25\n

0.36\n

0.61\n

(0.25)\n

(0.79)\n

(1.04)\n

10.39\n

6.40\n

0.44\n

2.38\n

881\n

15\n

08-31-2022\n

13.32\n

0.25\n

(1.93)\n

(1.68)\n

(0.24)\n

(0.58)\n

(0.82)\n

10.82\n

(13.45)\n

0.42\n

2.07\n

864\n

58\n

\n\n\n\n\n

¹ Based on average daily shares outstanding.\n

³ Total returns would have been lower had certain expenses not been reduced during the applicable periods.\n

⁴ Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the\nportfolio.\n

⁵ Does not reflect the effect of sales charges, if any.\n

SEE NOTES TO FINANCIAL STATEMENTS\n

| JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS\n

12\n

\n\nTable of Contents\n\n

Financial highlights continued

Lifestyle Blend Moderate Portfolio

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Per share operating performance for a share outstanding throughout each period\n

Ratios and supplemental data\n

Income (loss) from investment operations\n

Less distributions\n

Ratios to average net assets\n

Period ended\n

Net asset
\nvalue,
\nbeginning
\nof period ($)\n

Net
\ninvestment
\nincome
\n(loss) ($)^{1, 2}\n

Net realized and
\nunrealized
\ngain (loss)
\non investments ($)\n

Total from
\ninvestment
\noperations ($)\n

From net
\ninvestment
\nincome ($)\n

From net
\nrealized
\ngain ($)\n

Total
\ndistributions ($)\n

Net asset
\nvalue,
\nend of
\nperiod ($)\n

Total
\nreturn
\n(%)³\n

Expenses
\nbefore
\nreductions
\n(%)⁴\n

Expenses
\nincluding
\nreductions
\n(%)⁴\n

Net
\ninvestment
\nincome
\n(loss) (%)²\n

Net
\nassets,
\nend of
\nperiod
\n(in millions)\n

Portfolio
\nturnover
\n(%)\n

Lifestyle Blend Moderate Portfolio\n

Class A\n

08-31-2026\n

11.56\n

0.32\n

0.78\n

1.10\n

(0.32)\n

—⁵\n

(0.32)\n

12.34\n

9.65⁶\n

0.83\n

0.76\n

2.70\n

230\n

17\n

08-31-2025\n

11.08\n

0.31\n

0.48\n

0.79\n

(0.31)\n

—\n

(0.31)\n

11.56\n

7.28⁶\n

0.84\n

0.78\n

2.77\n

184\n

23\n

08-31-2024\n

10.08\n

0.29\n

0.99\n

1.28\n

(0.28)\n

—\n

(0.28)\n

11.08\n

12.96⁶\n

0.86\n

0.82\n

2.81\n

143\n

47\n

08-31-2023\n

10.25\n

0.24\n

0.20\n

0.44\n

(0.24)\n

(0.37)\n

(0.61)\n

10.08\n

4.68⁶\n

0.88\n

0.86\n

2.38\n

102\n

20\n

08-31-2022\n

12.34\n

0.22\n

(1.73)\n

(1.51)\n

(0.21)\n

(0.37)\n

(0.58)\n

10.25\n

(12.77)⁶\n

0.87\n

0.86\n

2.04\n

55\n

45\n

Class R6\n

08-31-2026\n

11.56\n

0.37\n

0.79\n

1.16\n

(0.37)\n

—⁵\n

(0.37)\n

12.35\n

10.18\n

0.42\n

0.36\n

3.10\n

13\n

17\n

08-31-2025\n

11.08\n

0.35\n

0.48\n

0.83\n

(0.35)\n

—\n

(0.35)\n

11.56\n

7.72\n

0.43\n

0.37\n

3.19\n

11\n

23\n

08-31-2024\n

10.08\n

0.34\n

0.98\n

1.32\n

(0.32)\n

—\n

(0.32)\n

11.08\n

13.41\n

0.45\n

0.41\n

3.25\n

9\n

47\n

08-31-2023\n

10.25\n

0.28\n

0.20\n

0.48\n

(0.28)\n

(0.37)\n

(0.65)\n

10.08\n

5.12\n

0.48\n

0.46\n

2.81\n

7\n

20\n

08-31-2022\n

12.35\n

0.27\n

(1.74)\n

(1.47)\n

(0.26)\n

(0.37)\n

(0.63)\n

10.25\n

(12.49)\n

0.46\n

0.45\n

2.41\n

5\n

45\n

Class 1\n

08-31-2026\n

11.56\n

0.37\n

0.77\n

1.14\n

(0.36)\n

—⁵\n

(0.36)\n

12.34\n

10.04\n

0.47\n

0.40\n

3.07\n

284\n

17\n

08-31-2025\n

11.08\n

0.35\n

0.48\n

0.83\n

(0.35)\n

—\n

(0.35)\n

11.56\n

7.67\n

0.47\n

0.42\n

3.15\n

271\n

23\n

08-31-2024\n

10.08\n

0.33\n

0.99\n

1.32\n

(0.32)\n

—\n

(0.32)\n

11.08\n

13.37\n

0.49\n

0.45\n

3.22\n

269\n

47\n

08-31-2023\n

10.25\n

0.28\n

0.20\n

0.48\n

(0.28)\n

(0.37)\n

(0.65)\n

10.08\n

5.07\n

0.52\n

0.50\n

2.84\n

238\n

20\n

08-31-2022\n

12.35\n

0.27\n

(1.75)\n

(1.48)\n

(0.25)\n

(0.37)\n

(0.62)\n

10.25\n

(12.52)\n

0.50\n

0.49\n

2.38\n

246\n

45\n

\n\n\n\n\n\n

¹ Based on average daily shares outstanding.\n

³ Total returns would have been lower had certain expenses not been reduced during the applicable periods.\n

⁴ Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the\nportfolio.\n

⁵ Less than $0.005 per share.\n

⁶ Does not reflect the effect of sales charges, if any.\n

13\n

JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS | \n

SEE NOTES TO FINANCIAL STATEMENTS\n

\n\nTable of Contents\n\n

Lifestyle Blend Conservative\nPortfolio

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Per share operating performance for a share outstanding throughout each period\n

Ratios and supplemental data\n

Income (loss) from investment operations\n

Less distributions\n

Ratios to average net assets\n

Period ended\n

Net asset
\nvalue,
\nbeginning
\nof period ($)\n

Net
\ninvestment
\nincome
\n(loss) ($)^{1, 2}\n

Net realized and
\nunrealized
\ngain (loss)
\non investments ($)\n

Total from
\ninvestment
\noperations ($)\n

From net
\ninvestment
\nincome ($)\n

From net
\nrealized
\ngain ($)\n

Total
\ndistributions ($)\n

Net asset
\nvalue,
\nend of
\nperiod ($)\n

Total
\nreturn
\n(%)³\n

Expenses
\nbefore
\nreductions
\n(%)⁴\n

Expenses
\nincluding
\nreductions
\n(%)⁴\n

Net
\ninvestment
\nincome
\n(loss) (%)²\n

Net
\nassets,
\nend of
\nperiod
\n(in millions)\n

Portfolio
\nturnover
\n(%)\n

Lifestyle Blend Conservative Portfolio\n

Class A\n

08-31-2026\n

10.60\n

0.36\n

0.27\n

0.63\n

(0.36)\n

—⁵\n

(0.36)\n

10.87\n

6.00⁶\n

0.89\n

0.79\n

3.33\n

181\n

19\n

08-31-2025\n

10.33\n

0.35\n

0.27\n

0.62\n

(0.35)\n

—\n

(0.35)\n

10.60\n

6.12⁶\n

0.90\n

0.81\n

3.38\n

148\n

25\n

08-31-2024\n

9.63\n

0.33\n

0.69\n

1.02\n

(0.32)\n

—\n

(0.32)\n

10.33\n

10.76⁶\n

0.92\n

0.86\n

3.35\n

116\n

63\n

08-31-2023\n

9.71\n

0.28\n

0.06\n

0.34\n

(0.29)\n

(0.13)\n

(0.42)\n

9.63\n

3.66⁶\n

0.95\n

0.92\n

2.89\n

90\n

26\n

08-31-2022\n

11.59\n

0.26\n

(1.58)\n

(1.32)\n

(0.24)\n

(0.32)\n

(0.56)\n

9.71\n

(11.88)⁶\n

0.94\n

0.92\n

2.54\n

60\n

28\n

Class R6\n

08-31-2026\n

10.61\n

0.40\n

0.26\n

0.66\n

(0.40)\n

—⁵\n

(0.40)\n

10.87\n

6.32\n

0.48\n

0.39\n

3.75\n

12\n

19\n

08-31-2025\n

10.34\n

0.39\n

0.27\n

0.66\n

(0.39)\n

—\n

(0.39)\n

10.61\n

6.55\n

0.49\n

0.40\n

3.79\n

10\n

25\n

08-31-2024\n

9.64\n

0.37\n

0.69\n

1.06\n

(0.36)\n

—\n

(0.36)\n

10.34\n

11.20\n

0.51\n

0.45\n

3.75\n

7\n

63\n

08-31-2023\n

9.72\n

0.31\n

0.07\n

0.38\n

(0.33)\n

(0.13)\n

(0.46)\n

9.64\n

4.09\n

0.54\n

0.51\n

3.24\n

7\n

26\n

08-31-2022\n

11.60\n

0.30\n

(1.58)\n

(1.28)\n

(0.28)\n

(0.32)\n

(0.60)\n

9.72\n

(11.50)\n

0.53\n

0.51\n

2.84\n

3\n

28\n

Class 1\n

08-31-2026\n

10.60\n

0.40\n

0.26\n

0.66\n

(0.39)\n

—⁵\n

(0.39)\n

10.87\n

6.38\n

0.53\n

0.43\n

3.70\n

203\n

19\n

08-31-2025\n

10.33\n

0.39\n

0.26\n

0.65\n

(0.38)\n

—\n

(0.38)\n

10.60\n

6.51\n

0.53\n

0.45\n

3.75\n

208\n

25\n

08-31-2024\n

9.63\n

0.37\n

0.68\n

1.05\n

(0.35)\n

—\n

(0.35)\n

10.33\n

11.16\n

0.56\n

0.50\n

3.74\n

200\n

63\n

08-31-2023\n

9.71\n

0.31\n

0.06\n

0.37\n

(0.32)\n

(0.13)\n

(0.45)\n

9.63\n

4.04\n

0.59\n

0.56\n

3.28\n

189\n

26\n

08-31-2022\n

11.60\n

0.30\n

(1.59)\n

(1.29)\n

(0.28)\n

(0.32)\n

(0.60)\n

9.71\n

(11.62)\n

0.58\n

0.55\n

2.80\n

198\n

28\n

\n\n\n\n\n\n

¹ Based on average daily shares outstanding.\n

³ Total returns would have been lower had certain expenses not been reduced during the applicable periods.\n

⁴ Ratios do not include expenses indirectly incurred from underlying funds and can vary based on the mix of underlying funds held by the\nportfolio.\n

⁵ Less than $0.005 per share.\n

⁶ Does not reflect the effect of sales charges, if any.\n

SEE NOTES TO FINANCIAL STATEMENTS\n

| JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS\n

14\n

\n\nTable of Contents\n\n

Notes to financial statements

Note 1—Organization

John Hancock Funds II (the Trust) is\nan 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\ninvestment 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\nfunds” 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\nclasses 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\nretirement 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\naffect that class. The distribution and service fees, if any, and transfer agent fees for each class may differ.

The investment objectives of the\nportfolios are as follows:

Lifestyle Blend Aggressive\nPortfolio

To seek long-term growth of capital.\nCurrent income is not a consideration.

Lifestyle Blend Growth Portfolio

To seek long-term growth of capital.\nCurrent income is also a consideration.

Lifestyle Blend Balanced Portfolio

To seek a balance between a high\nlevel 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\nlevel of current income and growth of capital, with a greater emphasis on income.

Lifestyle Blend Conservative\nPortfolio

To seek a high level of current\nincome with some consideration given to growth of capital.

Note 2—Significant accounting policies

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JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS | \n

\n\nTable of Contents\n\n

values of securities between the time when the\nvaluation 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\nprocedures 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\nadjust for events that may occur between the close of foreign exchanges or markets and the close of the NYSE.

The following is a summary of the\nvalues by input classification of the portfolios’ investments as of August 31, 2026, by major security category or type:

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

\n	Total \nvalue at \n8-31-26\n	Level 1 \nquoted price\n	Level 2 \nsignificant \nobservable \ninputs\n	Level 3 \nsignificant \nunobservable \ninputs\n
Lifestyle Blend Aggressive Portfolio\n	\n	\n	\n	\n
Investments in securities:\n	\n	\n	\n	\n
Assets\n	\n	\n	\n	\n
Affiliated investment companies\n	$477,969,435\n	$477,969,435\n	—\n	—\n
Unaffiliated investment companies\n	291,641,459\n	291,641,459\n	—\n	—\n
Common stocks\n	27,652\n	—\n	—\n	$27,652\n
U.S. Government and Agency obligations\n	3,449,005\n	—\n	$3,449,005\n	—\n
Short-term investments\n	38,935\n	38,935\n	—\n	—\n
Total investments in securities\n	$773,126,486\n	$769,649,829\n	$3,449,005\n	$27,652\n
\n
Lifestyle Blend Growth Portfolio\n	\n	\n	\n	\n
Investments in securities:\n	\n	\n	\n	\n
Assets\n	\n	\n	\n	\n
Affiliated investment companies\n	$909,806,550\n	$909,806,550\n	—\n	—\n
Unaffiliated investment companies\n	617,962,853\n	617,962,853\n	—\n	—\n
Common stocks\n	46,767\n	—\n	—\n	$46,767\n
U.S. Government and Agency obligations\n	44,405,247\n	—\n	$44,405,247\n	—\n
Short-term investments\n	8,465\n	8,465\n	—\n	—\n
Total investments in securities\n	$1,572,229,882\n	$1,527,777,868\n	$44,405,247\n	$46,767\n
\n
Lifestyle Blend Balanced Portfolio\n	\n	\n	\n	\n
Investments in securities:\n	\n	\n	\n	\n
Assets\n	\n	\n	\n	\n
Affiliated investment companies\n	$890,569,001\n	$890,569,001\n	—\n	—\n
Unaffiliated investment companies\n	596,275,247\n	596,275,247\n	—\n	—\n
Common stocks\n	33,801\n	—\n	—\n	$33,801\n
U.S. Government and Agency obligations\n	78,151,651\n	—\n	$78,151,651\n	—\n
Short-term investments\n	4,041,054\n	4,041,054\n	—\n	—\n
Total investments in securities\n	$1,569,070,754\n	$1,490,885,302\n	$78,151,651\n	$33,801\n
\n
Lifestyle Blend Moderate Portfolio\n	\n	\n	\n	\n
Investments in securities:\n	\n	\n	\n	\n
Assets\n	\n	\n	\n	\n
Affiliated investment companies\n	$277,774,218\n	$277,774,218\n	—\n	—\n
Unaffiliated investment companies\n	213,361,612\n	213,361,612\n	—\n	—\n
Common stocks\n	6,476\n	—\n	—\n	$6,476\n
U.S. Government and Agency obligations\n	35,220,612\n	—\n	$35,220,612\n	—\n
Short-term investments\n	309,248\n	309,248\n	—\n	—\n
Total investments in securities\n	$526,672,166\n	$491,445,078\n	$35,220,612\n	$6,476\n
\n

| JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS\n

16\n

\n\nTable of Contents\n\n

\n\n\n\n\n\n\n\n\n\n

\n	Total \nvalue at \n8-31-26\n	Level 1 \nquoted price\n	Level 2 \nsignificant \nobservable \ninputs\n	Level 3 \nsignificant \nunobservable \ninputs\n
Lifestyle Blend Conservative Portfolio\n	\n	\n	\n	\n
Investments in securities:\n	\n	\n	\n	\n
Assets\n	\n	\n	\n	\n
Affiliated investment companies\n	$196,843,070\n	$196,843,070\n	—\n	—\n
Unaffiliated investment companies\n	160,083,248\n	160,083,248\n	—\n	—\n
Common stocks\n	2,298\n	—\n	—\n	$2,298\n
U.S. Government and Agency obligations\n	38,664,477\n	—\n	$38,664,477\n	—\n
Short-term investments\n	12,070,794\n	12,070,794\n	—\n	—\n
Total investments in securities\n	$407,663,887\n	$368,997,112\n	$38,664,477\n	$2,298\n

Level 3 includes securities valued\nat $0. Refer to Portfolios’ investments.

The portfolios have the right to\nrecall 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\ncollateral 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\nsecurities, 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.

\n\n

Portfolio\n	Market value of securities on loan\n	Cash collateral received\n	Non-cash collateral\n
Lifestyle Blend Aggressive Portfolio\n	$30,395\n	$31,125\n	—\n

17\n

JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS | \n

\n\nTable of Contents\n\n

\n\n\n

Portfolio\n	Market value of securities on loan\n	Cash collateral received\n	Non-cash collateral\n
Lifestyle Blend Balanced Portfolio\n	$3,933,113\n	$4,027,575\n	—\n
Lifestyle Blend Conservative Portfolio\n	13,393,189\n	12,068,600\n	$1,618,699\n

Commitment fees for the year ended\nAugust 31, 2026 were as follows:

\n\n\n\n\n\n

Portfolio\n	Commitment fee\n
Lifestyle Blend Aggressive Portfolio\n	$3,658\n
Lifestyle Blend Growth Portfolio\n	7,510\n
Lifestyle Blend Balanced Portfolio\n	7,470\n
Lifestyle Blend Moderate Portfolio\n	2,533\n
Lifestyle Blend Conservative Portfolio\n	1,933\n

For federal income tax purposes, as\nof August 31, 2026, 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,\n2026:

\n\n\n\n

\n	No Expiration Date\n
Portfolio\n	Short Term\n	Long Term\n
Lifestyle Blend Moderate Portfolio\n	—\n	$565,553\n
Lifestyle Blend Conservative Portfolio\n	—\n	7,865,410\n

For federal income tax purposes, the\ncosts of investments owned on August 31, 2026, including short-term investments, were as follows:

\n\n

Portfolio\n	Aggregate \ncost\n	Unrealized \nappreciation\n	Unrealized \n(depreciation)\n	Net unrealized \nappreciation/ \n(depreciation)\n
Lifestyle Blend Aggressive Portfolio\n	$533,094,485\n	$240,795,083\n	$(763,082)\n	$240,032,001\n

| JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS\n

18\n

\n\nTable of Contents\n\n

\n\n\n\n\n

Portfolio\n	Aggregate \ncost\n	Unrealized \nappreciation\n	Unrealized \n(depreciation)\n	Net unrealized \nappreciation/ \n(depreciation)\n
Lifestyle Blend Growth Portfolio\n	$1,149,067,242\n	$426,405,782\n	$(3,243,142)\n	$423,162,640\n
Lifestyle Blend Balanced Portfolio\n	1,258,065,085\n	319,824,794\n	(8,819,125)\n	311,005,669\n
Lifestyle Blend Moderate Portfolio\n	462,433,335\n	68,979,349\n	(4,740,518)\n	64,238,831\n
Lifestyle Blend Conservative Portfolio\n	387,790,165\n	24,230,482\n	(4,356,760)\n	19,873,722\n

Distribution of income and\ngains. 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\nand 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\nportfolios generally declare and pay capital gain distributions, if any, annually.

The tax character of distributions\nfor the year ended August 31, 2026 was as follows:

\n\n\n\n\n\n

Portfolio\n	Ordinary \nIncome\n	Long Term \nCapital Gains\n	Total\n
Lifestyle Blend Aggressive Portfolio\n	$10,366,072\n	$22,506,738\n	$32,872,810\n
Lifestyle Blend Growth Portfolio\n	27,692,466\n	28,543,173\n	56,235,639\n
Lifestyle Blend Balanced Portfolio\n	34,119,643\n	—\n	34,119,643\n
Lifestyle Blend Moderate Portfolio\n	14,198,869\n	—\n	14,198,869\n
Lifestyle Blend Conservative Portfolio\n	13,168,342\n	—\n	13,168,342\n

The tax character of distributions\nfor the year ended August 31, 2025 was as follows:

\n\n\n\n\n\n

Portfolio\n	Ordinary \nIncome\n	Long Term \nCapital Gains\n	Total\n
Lifestyle Blend Aggressive Portfolio\n	$8,449,845\n	$1,325,778\n	$9,775,623\n
Lifestyle Blend Growth Portfolio\n	23,775,241\n	—\n	23,775,241\n
Lifestyle Blend Balanced Portfolio\n	32,795,859\n	—\n	32,795,859\n
Lifestyle Blend Moderate Portfolio\n	12,937,030\n	—\n	12,937,030\n
Lifestyle Blend Conservative Portfolio\n	12,049,617\n	—\n	12,049,617\n

\n\n\n\n\n\n

Portfolio\n	Undistributed \nOrdinary Income\n	Undistributed \nLong Term \nCapital Gains\n
Lifestyle Blend Aggressive Portfolio\n	$3,283,374\n	$16,911,936\n
Lifestyle Blend Growth Portfolio\n	11,381,151\n	30,794,890\n
Lifestyle Blend Balanced Portfolio\n	8,817,491\n	22,190,019\n
Lifestyle Blend Moderate Portfolio\n	2,362,875\n	—\n
Lifestyle Blend Conservative Portfolio\n	2,423,866\n	—\n

Note 3—Guarantees and indemnifications

Note 4—Fees and transactions with affiliates

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Management fee. The portfolios have an investment management agreement with the Advisor under which the portfolios pay a daily management fee to the Advisor as detailed below. The Advisor has a\nsubadvisory 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\nfees.

Management fees are determined in\naccordance with the following schedule:

\n\n\n

\n	First $7.5 billion of aggregate net assets\n	Excess over $7.5 billion of aggregate net assets\n
Assets in a fund of the Trust or JHF III\n	0.050%\n	0.040%\n
Other assets\n	0.500%\n	0.490%\n

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\nportfolio exceeds 0.05% of the average net assets of the portfolio. “Other expenses” means all of the expenses of the portfolio, excluding: management fees, taxes, brokerage commissions, interest expense,\nlitigation 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),\nand 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\nmutual 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,\nthis agreement expired on December 31, 2025.

In addition, the Advisor has\nvoluntarily 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\nfees 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\nwaiver at any time upon notice to the portfolios.

For the year ended August 31, 2026,\nthe expense reductions under these agreements amounted to the following and are reflected as a reduction of total expenses in the Statements of operations:

\n\n\n\n\n\n\n

\n	Expense reimbursement by class\n
Portfolio\n	Class A\n	Class R6\n	Class 1\n	Total\n
Lifestyle Blend Aggressive Portfolio\n	$2,814\n	$505\n	$10,464\n	$13,783\n
Lifestyle Blend Growth Portfolio\n	64,380\n	11,416\n	204,590\n	280,386\n
Lifestyle Blend Balanced Portfolio\n	199,540\n	20,181\n	385,190\n	604,911\n
Lifestyle Blend Moderate Portfolio\n	138,898\n	8,259\n	185,035\n	332,192\n
Lifestyle Blend Conservative Portfolio\n	154,106\n	11,064\n	195,637\n	360,807\n

Expenses waived or reimbursed in\nthe current fiscal period are not subject to recapture in future fiscal periods.

\n\n\n\n

Portfolio\n	Net Annual Effective Rate\n
Lifestyle Blend Aggressive Portfolio\n	0.21%\n
Lifestyle Blend Growth Portfolio\n	0.24%\n
Lifestyle Blend Balanced Portfolio\n	0.27%\n

\n\n\n

Portfolio\n	Net Annual Effective Rate\n
Lifestyle Blend Moderate Portfolio\n	0.30%\n
Lifestyle Blend Conservative Portfolio\n	0.32%\n

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\nunder 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\nthese arrangements, expressed as an annual percentage of average daily net assets for each class of the portfolios’ shares:

\n\n\n

Class\n	Rule 12b-1 Fee\n
Class A\n	0.30%\n
Class 1\n	0.05%\n

| JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS\n

20\n

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\n\n\n\n\n\n

Portfolio\n	Total net \nsales charges\n	Retained for printing \nprospectus, advertising and \nsales literature\n	Sales commission to \nunrelated broker-dealers\n
Lifestyle Blend Aggressive Portfolio\n	$9,874\n	$1,653\n	$8,221\n
Lifestyle Blend Growth Portfolio\n	9,241\n	1,516\n	7,725\n
Lifestyle Blend Balanced Portfolio\n	12,265\n	2,041\n	10,224\n
Lifestyle Blend Moderate Portfolio\n	13,944\n	2,381\n	11,563\n
Lifestyle Blend Conservative Portfolio\n	3,169\n	504\n	2,665\n

\n\n\n\n

Portfolio\n	Class A\n
Lifestyle Blend Aggressive Portfolio\n	$489\n
Lifestyle Blend Growth Portfolio\n	251\n
Lifestyle Blend Balanced Portfolio\n	27\n

Class level expenses. Class level expenses for the year ended August 31, 2026 were as follows:

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Portfolio\n	Class\n	Distribution and service fees\n	Transfer agent fees\n
Lifestyle Blend Aggressive Portfolio\n	Class A\n	$443,022\n	$161,871\n
\n	Class R6\n	—\n	1,295\n
\n	Class 1\n	273,558\n	—\n
\n	Total\n	$716,580\n	$163,166\n
Lifestyle Blend Growth Portfolio\n	Class A\n	$1,016,412\n	$371,304\n
\n	Class R6\n	—\n	2,971\n
\n	Class 1\n	537,946\n	—\n
\n	Total\n	$1,554,358\n	$374,275\n
Lifestyle Blend Balanced Portfolio\n	Class A\n	$1,452,823\n	$530,727\n
\n	Class R6\n	—\n	2,424\n
\n	Class 1\n	467,423\n	—\n
\n	Total\n	$1,920,246\n	$533,151\n
Lifestyle Blend Moderate Portfolio\n	Class A\n	$623,666\n	$227,812\n
\n	Class R6\n	—\n	611\n
\n	Class 1\n	138,364\n	—\n
\n	Total\n	$762,030\n	$228,423\n
Lifestyle Blend Conservative Portfolio\n	Class A\n	$485,288\n	$177,251\n
\n	Class R6\n	—\n	575\n
\n	Class 1\n	102,522\n	—\n
\n	Total\n	$587,810\n	$177,826\n

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JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS | \n

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Note 5—Portfolio share transactions

Transactions in portfolios’\nshares for the years ended August 31, 2026 and 2025 were as follows:

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Lifestyle Blend Aggressive Portfolio\n	Year Ended 8-31-26\n	Year Ended 8-31-25\n
\n	Shares\n	Amount\n	Shares\n	Amount\n
Class A shares\n	\n	\n	\n	\n
Sold\n	3,510,450\n	$56,581,866\n	3,881,106\n	$53,627,318\n
Distributions reinvested\n	408,286\n	6,242,691\n	105,539\n	1,412,106\n
Repurchased\n	(2,601,096)\n	(41,783,837)\n	(2,556,224)\n	(35,252,216)\n
Net increase\n	1,317,640\n	$21,040,720\n	1,430,421\n	$19,787,208\n
Class R6 shares\n	\n	\n	\n	\n
Sold\n	188,609\n	$3,013,811\n	386,258\n	$5,276,685\n
Distributions reinvested\n	85,280\n	1,303,937\n	35,465\n	474,518\n
Repurchased\n	(603,402)\n	(9,510,733)\n	(485,217)\n	(6,441,654)\n
Net decrease\n	(329,513)\n	$(5,192,985)\n	(63,494)\n	$(690,451)\n
Class 1 shares\n	\n	\n	\n	\n
Sold\n	2,816,925\n	$45,615,207\n	2,674,860\n	$36,771,054\n
Distributions reinvested\n	1,657,470\n	25,326,146\n	590,036\n	7,888,778\n
Repurchased\n	(5,148,884)\n	(83,602,950)\n	(3,881,780)\n	(53,966,657)\n
Net decrease\n	(674,489)\n	$(12,661,597)\n	(616,884)\n	$(9,306,825)\n
Total net increase\n	313,638\n	$3,186,138\n	750,043\n	$9,789,932\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

Lifestyle Blend Growth Portfolio\n	Year Ended 8-31-26\n	Year Ended 8-31-25\n
\n	Shares\n	Amount\n	Shares\n	Amount\n
Class A shares\n	\n	\n	\n	\n
Sold\n	7,198,209\n	$107,345,454\n	8,770,139\n	$114,680,906\n
Distributions reinvested\n	833,008\n	11,920,343\n	304,210\n	3,854,345\n
Repurchased\n	(5,789,919)\n	(86,394,583)\n	(5,765,261)\n	(75,160,187)\n
Net increase\n	2,241,298\n	$32,871,214\n	3,309,088\n	$43,375,064\n
Class R6 shares\n	\n	\n	\n	\n
Sold\n	651,708\n	$9,603,667\n	912,875\n	$11,945,904\n
Distributions reinvested\n	168,827\n	2,417,596\n	82,223\n	1,042,582\n
Repurchased\n	(1,132,993)\n	(16,849,102)\n	(535,965)\n	(6,886,966)\n
Net increase (decrease)\n	(312,458)\n	$(4,827,839)\n	459,133\n	$6,101,520\n
Class 1 shares\n	\n	\n	\n	\n
Sold\n	6,111,838\n	$92,711,847\n	3,239,645\n	$42,447,936\n
Distributions reinvested\n	2,931,672\n	41,893,590\n	1,491,977\n	18,873,508\n
Repurchased\n	(10,418,158)\n	(156,901,100)\n	(10,393,642)\n	(135,986,575)\n
Net decrease\n	(1,374,648)\n	$(22,295,663)\n	(5,662,020)\n	$(74,665,131)\n
Total net increase (decrease)\n	554,192\n	$5,747,712\n	(1,893,799)\n	$(25,188,547)\n

\n\n\n\n\n\n\n\n\n\n\n\n

Lifestyle Blend Balanced Portfolio\n	Year Ended 8-31-26\n	Year Ended 8-31-25\n
\n	Shares\n	Amount\n	Shares\n	Amount\n
Class A shares\n	\n	\n	\n	\n
Sold\n	12,939,718\n	$171,281,112\n	13,130,880\n	$155,077,163\n
Distributions reinvested\n	764,599\n	9,955,028\n	696,649\n	8,143,167\n
Repurchased\n	(8,580,120)\n	(113,730,272)\n	(8,696,947)\n	(102,505,773)\n
Net increase\n	5,124,197\n	$67,505,868\n	5,130,582\n	$60,714,557\n
Class R6 shares\n	\n	\n	\n	\n
Sold\n	653,439\n	$8,612,364\n	1,051,520\n	$12,528,134\n
Distributions reinvested\n	95,917\n	1,245,970\n	95,809\n	1,118,648\n
Repurchased\n	(1,003,734)\n	(13,382,166)\n	(735,964)\n	(8,631,295)\n
Net increase (decrease)\n	(254,378)\n	$(3,523,832)\n	411,365\n	$5,015,487\n

| JOHN HANCOCK LIFESTYLE BLEND PORTFOLIOS\n

22\n

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\n\n\n\n\n\n\n\n

Lifestyle Blend Balanced Portfolio, Cont’d\n	Year Ended 8-31-26\n	Year Ended 8-31-25\n
\n	Shares\n	Amount\n	Shares\n	Amount\n
Class 1 shares\n	\n	\n	\n	\n
Sold\n	6,091,196\n	$81,672,608\n	3,952,125\n	$46,990,592\n
Distributions reinvested\n	1,763,966\n	22,911,844\n	2,015,256\n	23,524,901\n
Repurchased\n	(11,156,009)\n	(147,119,338)\n	(13,192,069)\n	(155,461,547)\n
Net decrease\n	(3,300,847)\n	$(42,534,886)\n	(7,224,688)\n	$(84,946,054)\n
Total net increase (decrease)\n	1,568,972\n	$21,447,150\n	(1,682,741)\n	$(19,216,010)\n

\n\n\n\n\n

Lifestyle Blend Moderate Portfolio\n	Year Ended 8-31-26\n	Year Ended 8-31-25\n
\n	Shares\n	Amount\n	Shares\n	Amount\n
Class A shares\n	\n	\n	\n	\n
Sold\n	6,225,580\n	$74,608,874\n	6,121,931\n	$67,866,804\n
Distributions reinvested\n	462,992\n	5,488,529\