UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number 811-4186

John Hancock Income Securities Trust
(Exact name of registrant as specified in charter)

200 Berkeley Street, Boston, Massachusetts 02116
(Address of principal executive offices) (Zip code)

Salvatore Schiavone

Treasurer
200 Berkeley Street

Boston, Massachusetts 02116

(Name and address of agent for service)

Registrant's telephone number, including area code: 617-663-4497

Date of fiscal year end: October 31
 
 
Date of reporting period: January 31, 2019


ITEM 1. SCHEDULE OF INVESTMENTS



John Hancock

Income Securities Trust

Quarterly portfolio holdings 1/31/19

jhnq_logo.jpg  

Fund’s investments  
As of 1-31-19 (unaudited)
  Rate (%) Maturity date   Par value^ Value
U.S. Government and Agency obligations 48.9% (32.0% of Total investments)   $82,797,588
(Cost $83,252,309)          
U.S. Government 6.4%         10,818,648
U.S. Treasury          
Bond (A)(B) 3.000 08-15-48   4,126,000 4,118,425
Note 3.125 11-15-28   6,429,000 6,700,223
U.S. Government Agency 42.5%         71,978,940
Federal Home Loan Mortgage Corp.          
30 Yr Pass Thru 3.000 03-01-43   601,147 594,751
30 Yr Pass Thru 3.500 07-01-46   2,233,337 2,255,806
30 Yr Pass Thru 3.500 10-01-46   768,823 775,958
30 Yr Pass Thru 3.500 12-01-46   448,888 453,404
30 Yr Pass Thru 3.500 02-01-47   2,351,448 2,372,902
30 Yr Pass Thru 3.500 11-01-48   4,049,972 4,086,289
30 Yr Pass Thru 4.000 04-01-46   2,188,603 2,255,098
30 Yr Pass Thru 4.000 04-01-47   2,221,796 2,289,299
30 Yr Pass Thru 4.000 05-01-47   2,181,818 2,245,891
30 Yr Pass Thru 4.000 06-01-47   2,397,244 2,477,943
30 Yr Pass Thru 4.000 03-01-48   1,936,282 1,997,833
30 Yr Pass Thru 4.500 09-01-41   1,106,060 1,165,180
Federal National Mortgage Association          
30 Yr Pass Thru 3.000 12-01-42   2,051,957 2,029,317
30 Yr Pass Thru 3.000 07-01-43   647,830 640,277
30 Yr Pass Thru 3.500 12-01-42   2,909,672 2,947,801
30 Yr Pass Thru 3.500 01-01-43   2,475,278 2,505,007
30 Yr Pass Thru 3.500 04-01-45   1,158,091 1,171,457
30 Yr Pass Thru 3.500 11-01-46   2,416,538 2,438,387
30 Yr Pass Thru 3.500 07-01-47   2,731,845 2,755,264
30 Yr Pass Thru 3.500 07-01-47   1,984,521 2,004,324
30 Yr Pass Thru 3.500 11-01-47   1,036,706 1,045,269
30 Yr Pass Thru 4.000 10-01-40   226,122 234,069
30 Yr Pass Thru 4.000 09-01-41   1,424,044 1,472,087
30 Yr Pass Thru 4.000 09-01-41   389,305 403,595
30 Yr Pass Thru 4.000 09-01-41   794,209 820,258
30 Yr Pass Thru 4.000 10-01-41   1,176,137 1,217,470
30 Yr Pass Thru 4.000 06-01-46   2,309,766 2,371,088
30 Yr Pass Thru 4.000 02-01-47   3,436,469 3,546,498
30 Yr Pass Thru 4.000 06-01-47   2,062,380 2,122,130
30 Yr Pass Thru 4.000 06-01-47   3,723,670 3,844,059
30 Yr Pass Thru 4.000 11-01-47   2,707,952 2,792,963
30 Yr Pass Thru 4.000 12-01-47   974,934 1,005,845
30 Yr Pass Thru 4.000 01-01-48   3,589,452 3,682,507
30 Yr Pass Thru 4.000 04-01-48   2,874,566 2,958,969
30 Yr Pass Thru 4.500 07-01-41   1,976,126 2,078,345
30 Yr Pass Thru 4.500 07-01-48   2,469,107 2,568,469
30 Yr Pass Thru 5.000 04-01-41   249,575 268,762
30 Yr Pass Thru 5.500 08-01-40   78,080 84,369
Foreign government obligations 0.8% (0.5% of Total investments)   $1,337,854
(Cost $1,437,191)          
Argentina 0.3%         576,115
Provincia de Buenos Aires
Bond (C) 		7.875 06-15-27   390,000 319,800
Republic of Argentina
Bond (A)(B) 		5.875 01-11-28   322,000 256,315
2 JOHN HANCOCK INCOME SECURITIES TRUST | QUARTERLY REPORT SEE NOTES TO FUND'S INVESTMENTS

 

  Rate (%) Maturity date   Par value^ Value
Qatar 0.2%         $262,772
Government of Qatar
Bond (C) 		5.103 04-23-48   245,000 262,772
Saudi Arabia 0.3%         498,967
Kingdom of Saudi Arabia
Bond 		4.375 04-16-29   490,000 498,967
Corporate bonds 76.8% (50.2% of Total investments)   $129,985,927
(Cost $131,096,234)          
Communication services 9.5%       16,103,530
Diversified telecommunication services 3.1%      
AT&T, Inc. (B) 3.875 08-15-21   800,000 814,348
C&W Senior Financing DAC (A)(B)(C) 6.875 09-15-27   240,000 228,734
Cablevision SA (C) 6.500 06-15-21   180,000 175,725
Cincinnati Bell, Inc. (A)(B)(C) 7.000 07-15-24   355,000 306,188
GCI LLC 6.875 04-15-25   225,000 223,313
Liquid Telecommunications Financing PLC (C) 8.500 07-13-22   205,000 209,030
Radiate Holdco LLC (C) 6.625 02-15-25   245,000 227,238
Radiate Holdco LLC (C) 6.875 02-15-23   87,000 83,629
Sprint Spectrum Company LLC (B)(C) 3.360 03-20-23   178,750 177,767
Telecom Italia Capital SA (A)(B) 7.200 07-18-36   365,000 352,335
Telecom Italia SpA (A)(B)(C) 5.303 05-30-24   250,000 237,500
UPC Holding BV (C) 5.500 01-15-28   205,000 190,138
Verizon Communications, Inc. (B) 4.400 11-01-34   260,000 261,047
Verizon Communications, Inc. (B) 4.672 03-15-55   295,000 285,765
Verizon Communications, Inc. (B) 4.862 08-21-46   830,000 851,023
Verizon Communications, Inc. (B) 5.012 08-21-54   255,000 260,935
West Corp. (A)(B)(C) 8.500 10-15-25   125,000 104,219
Windstream Services LLC (C) 10.500 06-30-24   219,000 181,770
Entertainment 1.2%      
Activision Blizzard, Inc. (A)(B) 3.400 09-15-26   271,000 260,384
Electronic Arts, Inc. (B) 4.800 03-01-26   395,000 411,928
Lions Gate Capital Holdings LLC (C) 5.875 11-01-24   147,000 144,428
Netflix, Inc. (A)(B) 4.875 04-15-28   280,000 266,000
Netflix, Inc. (A)(B)(C) 5.875 11-15-28   400,000 405,500
Viacom, Inc. (B) 5.850 09-01-43   248,000 254,952
Viacom, Inc. (6.250% to 2-28-27, then 3 month LIBOR + 3.899%) 6.250 02-28-57   260,000 250,714
Interactive media and services 0.1%      
Rackspace Hosting, Inc. (A)(B)(C) 8.625 11-15-24   255,000 213,563
Media 4.3%      
21st Century Fox America, Inc. 7.750 01-20-24   1,020,000 1,216,174
Altice Financing SA (A)(B)(C) 6.625 02-15-23   375,000 376,988
Cablevision Systems Corp. (A)(B) 5.875 09-15-22   210,000 211,050
CBS Corp. (A)(B) 3.375 03-01-22   132,000 131,383
CBS Corp. (B) 3.700 08-15-24   205,000 201,822
Cengage Learning, Inc. (A)(B)(C) 9.500 06-15-24   321,000 217,580
Charter Communications Operating LLC (A)(B) 4.200 03-15-28   580,000 560,539
Charter Communications Operating LLC 5.750 04-01-48   590,000 588,143
Charter Communications Operating LLC 6.484 10-23-45   606,000 652,267
Clear Channel Worldwide Holdings, Inc. (A)(B) 6.500 11-15-22   289,000 295,503
CSC Holdings LLC (A)(B)(C) 7.500 04-01-28   205,000 210,638
McGraw-Hill Global Education Holdings LLC (A)(B)(C) 7.875 05-15-24   195,000 146,250
MDC Partners, Inc. (A)(B)(C) 6.500 05-01-24   270,000 245,781
Myriad International Holdings BV (C) 5.500 07-21-25   400,000 415,901
National CineMedia LLC 6.000 04-15-22   109,000 109,818
SEE NOTES TO FUND'S INVESTMENTS QUARTERLY REPORT | JOHN HANCOCK INCOME SECURITIES TRUST 3

 

  Rate (%) Maturity date   Par value^ Value
Communication services (continued)        
Media (continued)      
Sinclair Television Group, Inc. (C) 5.125 02-15-27   180,000 $163,800
Sirius XM Radio, Inc. (A)(B)(C) 5.000 08-01-27   503,000 486,024
Sirius XM Radio, Inc. (A)(B)(C) 5.375 07-15-26   260,000 257,673
Tribune Media Company (A)(B) 5.875 07-15-22   260,000 264,225
Warner Media LLC (B) 3.800 02-15-27   275,000 268,992
WMG Acquisition Corp. (C) 4.875 11-01-24   165,000 161,700
WMG Acquisition Corp. (C) 5.500 04-15-26   175,000 172,813
Wireless telecommunication services 0.8%      
CC Holdings GS V LLC (B) 3.849 04-15-23   350,000 351,424
MTN Mauritius Investments, Ltd. (C) 4.755 11-11-24   225,000 212,382
Oztel Holdings SPC, Ltd. (C) 6.625 04-24-28   230,000 216,518
Sprint Capital Corp. 6.875 11-15-28   305,000 303,094
Sprint Corp. (A)(B) 7.875 09-15-23   270,000 286,875
Consumer discretionary 6.1%       10,236,935
Auto components 0.2%      
Lear Corp. (B) 5.250 01-15-25   254,000 260,064
Automobiles 2.3%      
Daimler Finance North America LLC (A)(B)(C) 3.750 11-05-21   431,000 434,712
Ford Motor Company 4.750 01-15-43   145,000 109,992
Ford Motor Credit Company LLC (A)(B) 3.813 10-12-21   595,000 579,441
Ford Motor Credit Company LLC (B) 5.875 08-02-21   928,000 950,662
General Motors Company (A)(B) 4.875 10-02-23   507,000 516,014
General Motors Financial Company, Inc. (B) 3.550 04-09-21   295,000 294,711
General Motors Financial Company, Inc. 4.000 01-15-25   404,000 384,245
General Motors Financial Company, Inc. (A)(B) 4.300 07-13-25   333,000 319,063
JB Poindexter & Company, Inc. (C) 7.125 04-15-26   74,000 71,780
Nissan Motor Acceptance Corp. (B)(C) 3.650 09-21-21   200,000 200,127
Diversified consumer services 0.2%      
Graham Holdings Company (C) 5.750 06-01-26   85,000 87,975
Laureate Education, Inc. (C) 8.250 05-01-25   170,000 184,450
Hotels, restaurants and leisure 0.9%      
CCM Merger, Inc. (C) 6.000 03-15-22   195,000 196,950
Eldorado Resorts, Inc. (A)(B)(C) 6.000 09-15-26   125,000 124,688
Eldorado Resorts, Inc. 7.000 08-01-23   130,000 135,850
GLP Capital LP 5.375 04-15-26   265,000 270,652
Hilton Domestic Operating Company, Inc. (A)(B)(C) 5.125 05-01-26   140,000 141,050
Hilton Grand Vacations Borrower LLC (B) 6.125 12-01-24   130,000 131,625
International Game Technology PLC (A)(B)(C) 6.500 02-15-25   225,000 234,180
Jacobs Entertainment, Inc. (C) 7.875 02-01-24   124,000 130,237
Waterford Gaming LLC (C)(D)(E) 8.625 09-15-14   99,739 0
Wyndham Destinations, Inc. (B) 5.400 04-01-24   170,000 165,005
Household durables 0.2%      
Beazer Homes USA, Inc. (A)(B) 8.750 03-15-22   370,000 386,835
Internet and direct marketing retail 1.8%      
Amazon.com, Inc. (A)(B) 3.150 08-22-27   660,000 654,416
Amazon.com, Inc. (A)(B) 4.050 08-22-47   328,000 332,777
Expedia Group, Inc. 3.800 02-15-28   582,000 548,787
Expedia Group, Inc. 5.000 02-15-26   705,000 722,002
QVC, Inc. (A)(B) 4.375 03-15-23   325,000 326,437
QVC, Inc. (B) 5.125 07-02-22   240,000 246,391
QVC, Inc. 5.450 08-15-34   315,000 283,138
4 JOHN HANCOCK INCOME SECURITIES TRUST | QUARTERLY REPORT SEE NOTES TO FUND'S INVESTMENTS

 

  Rate (%) Maturity date   Par value^ Value
Consumer discretionary (continued)        
Leisure products 0.1%      
Vista Outdoor, Inc. (A)(B) 5.875 10-01-23   220,000 $204,600
Multiline retail 0.4%      
Dollar Tree, Inc. (B) 4.200 05-15-28   641,000 608,079
Consumer staples 1.9%       3,241,096
Beverages 1.2%      
Anheuser-Busch InBev Worldwide, Inc. (B) 4.600 04-15-48   285,000 259,115
Coca-Cola European Partners PLC (B) 4.500 09-01-21   1,000,000 1,022,017
Constellation Brands, Inc. (B) 3.200 02-15-23   293,000 288,134
Keurig Dr. Pepper, Inc. (B)(C) 3.551 05-25-21   495,000 497,136
Food and staples retailing 0.1%      
Simmons Foods, Inc. (A)(B)(C) 5.750 11-01-24   170,000 138,975
Food products 0.2%      
Conagra Brands, Inc. (B) 3.800 10-22-21   193,000 193,936
Kraft Heinz Foods Company (C) 4.875 02-15-25   221,000 225,441
Household products 0.1%      
Kronos Acquisition Holdings, Inc. (C) 9.000 08-15-23   161,000 136,448
Personal products 0.2%      
Natura Cosmeticos SA (C) 5.375 02-01-23   355,000 357,219
Tobacco 0.1%      
Vector Group, Ltd. (C) 6.125 02-01-25   140,000 122,675
Energy 10.2%       17,311,044
Energy equipment and services 0.6%      
Archrock Partners LP 6.000 04-01-21   282,000 278,123
Archrock Partners LP 6.000 10-01-22   260,000 253,500
CSI Compressco LP 7.250 08-15-22   344,000 304,440
CSI Compressco LP (A)(B)(C) 7.500 04-01-25   290,000 276,045
Oil, gas and consumable fuels 9.6%      
Andeavor Logistics LP (A)(B) 4.250 12-01-27   164,000 159,549
Andeavor Logistics LP (B) 5.250 01-15-25   140,000 141,628
Andeavor Logistics LP (B) 6.375 05-01-24   265,000 275,600
Andeavor Logistics LP (6.875% to 2-15-23, then 3 month LIBOR + 4.652%) (B)(F) 6.875 02-15-23   122,000 116,575
Antero Midstream Partners LP 5.375 09-15-24   275,000 269,500
Antero Resources Corp. (A)(B) 5.125 12-01-22   307,000 306,616
Cenovus Energy, Inc. 4.450 09-15-42   370,000 306,622
Cheniere Corpus Christi Holdings LLC (A)(B) 5.125 06-30-27   393,000 396,439
Cheniere Corpus Christi Holdings LLC 5.875 03-31-25   160,000 167,800
Chesapeake Energy Corp. (A)(B) 7.500 10-01-26   160,000 152,800
Cimarex Energy Company 4.375 06-01-24   235,000 238,261
Colorado Interstate Gas Company LLC (B)(C) 4.150 08-15-26   233,000 229,996
Columbia Pipeline Group, Inc. (A)(B) 4.500 06-01-25   198,000 201,915
Continental Resources, Inc. (B) 5.000 09-15-22   521,000 523,581
DCP Midstream LP (7.375% to 12-15-22, then 3 month LIBOR + 5.148%) (F) 7.375 12-15-22   310,000 290,718
DCP Midstream Operating LP (5.850% to 5-21-23, then 3 month LIBOR + 3.850%) (C) 5.850 05-21-43   441,000 379,260
Diamondback Energy, Inc. (C) 4.750 11-01-24   193,000 192,518
Enable Midstream Partners LP (B) 4.950 05-15-28   387,000 384,996
Enbridge Energy Partners LP (A)(B) 4.375 10-15-20   395,000 401,676
Enbridge Energy Partners LP (3 month LIBOR + 3.798%) (B)(G) 6.595 10-01-77   265,000 265,000
Enbridge, Inc. (5.500% to 7-15-27, then 3 month LIBOR + 3.418%) 5.500 07-15-77   340,000 309,565
Enbridge, Inc. (6.250% to 3-1-28, then 3 month LIBOR + 3.641%) 6.250 03-01-78   294,000 279,235
SEE NOTES TO FUND'S INVESTMENTS QUARTERLY REPORT | JOHN HANCOCK INCOME SECURITIES TRUST 5

 

  Rate (%) Maturity date   Par value^ Value
Energy (continued)        
Oil, gas and consumable fuels (continued)      
Energy Transfer LP (B) 5.875 01-15-24   199,000 $212,433
Energy Transfer Operating LP (B) 4.200 04-15-27   130,000 125,056
Energy Transfer Operating LP (B) 5.150 03-15-45   345,000 313,644
Energy Transfer Partners LP (A)(B) 5.000 10-01-22   95,000 98,340
Energy Transfer Partners LP (A)(B) 5.875 03-01-22   90,000 95,118
Enterprise Products Operating LLC (5.250% to 8-16-27, then 3 month LIBOR + 3.033%) (B) 5.250 08-16-77   538,000 475,799
Kinder Morgan Energy Partners LP (A)(B) 3.500 03-01-21   500,000 502,565
Kinder Morgan Energy Partners LP (B) 7.750 03-15-32   195,000 243,613
MPLX LP (A)(B) 4.000 03-15-28   313,000 301,884
MPLX LP (A)(B) 4.800 02-15-29   160,000 163,562
Murphy Oil Corp. 5.750 08-15-25   164,000 164,607
Newfield Exploration Company (A)(B) 5.625 07-01-24   139,000 145,950
Newfield Exploration Company (A)(B) 5.750 01-30-22   160,000 166,400
ONEOK Partners LP (B) 5.000 09-15-23   162,000 167,824
Parsley Energy LLC (A)(B)(C) 5.625 10-15-27   231,000 228,979
Petrobras Global Finance BV (A)(B) 7.375 01-17-27   545,000 592,688
Petro-Canada (A)(B) 9.250 10-15-21   1,000,000 1,139,308
Petroleos Mexicanos (A)(B) 4.875 01-24-22   325,000 317,038
Petroleos Mexicanos (A)(B) 5.375 03-13-22   85,000 83,725
Sabine Pass Liquefaction LLC (B) 4.200 03-15-28   261,000 256,213
Sabine Pass Liquefaction LLC (B) 5.000 03-15-27   245,000 253,292
Sabine Pass Liquefaction LLC (A)(B) 5.750 05-15-24   425,000 456,941
Sabine Pass Liquefaction LLC (B) 5.875 06-30-26   147,000 159,701
SM Energy Company (A)(B) 6.625 01-15-27   60,000 58,800
Sunoco Logistics Partners Operations LP (B) 3.900 07-15-26   460,000 436,990
Sunoco Logistics Partners Operations LP (A)(B) 4.400 04-01-21   377,000 383,210
Sunoco Logistics Partners Operations LP (B) 5.400 10-01-47   240,000 226,929
Tallgrass Energy Partners LP (B)(C) 4.750 10-01-23   222,000 221,445
Tapstone Energy LLC (C) 9.750 06-01-22   105,000 87,938
Targa Resources Partners LP (A)(B)(C) 5.875 04-15-26   220,000 221,925
Teekay Offshore Partners LP (C) 8.500 07-15-23   235,000 225,600
The Williams Companies, Inc. (A)(B) 3.750 06-15-27   355,000 345,448
The Williams Companies, Inc. 4.550 06-24-24   525,000 542,912
The Williams Companies, Inc. (A)(B) 5.750 06-24-44   315,000 332,229
WPX Energy, Inc. (A)(B) 5.250 09-15-24   100,000 98,750
YPF SA (C) 8.500 07-28-25   370,000 362,230
Financials 22.4%       37,970,371
Banks 12.5%      
Australia & New Zealand Banking Group, Ltd. (6.750% to 6-15-26, then 5 Year U.S. ISDAFIX + 5.168%) (C)(F) 6.750 06-15-26   200,000 206,500
Banco Santander SA (A)(B) 4.379 04-12-28   200,000 196,250
Bank of America Corp. (A)(B) 3.950 04-21-25   425,000 426,790
Bank of America Corp. (B) 4.200 08-26-24   170,000 174,039
Bank of America Corp. (B) 4.250 10-22-26   159,000 160,769
Bank of America Corp. (A)(B) 4.450 03-03-26   450,000 461,549
Bank of America Corp. (6.300% to 3-10-26, then 3 month LIBOR + 4.553%) (A)(B)(F) 6.300 03-10-26   610,000 657,543
Barclays Bank PLC (B)(C) 10.179 06-12-21   475,000 537,826
Barclays PLC (A)(B) 4.375 01-12-26   340,000 334,520
Barclays PLC (7.750% to 9-15-23, then 5 Year U.S. Swap Rate + 4.842%) (F) 7.750 09-15-23   275,000 274,197
BPCE SA (B)(C) 4.500 03-15-25   475,000 471,416
BPCE SA (B)(C) 5.700 10-22-23   1,145,000 1,195,097
6 JOHN HANCOCK INCOME SECURITIES TRUST | QUARTERLY REPORT SEE NOTES TO FUND'S INVESTMENTS

 

  Rate (%) Maturity date   Par value^ Value
Financials (continued)        
Banks (continued)      
Citigroup, Inc. (B) 4.600 03-09-26   586,000 $598,776
Citigroup, Inc. (B) 5.500 09-13-25   165,000 178,823
Citigroup, Inc. (6.250% to 8-15-26, then 3 month LIBOR + 4.517%) (A)(B)(F) 6.250 08-15-26   525,000 543,375
Cooperatieve Rabobank UA (11.000% to 6-30-19, then 3 month LIBOR + 10.868%) (B)(C)(F) 11.000 06-30-19   1,000,000 1,028,150
Credit Agricole SA (7.875% to 1-23-24, then 5 Year U.S. Swap Rate + 4.898%) (B)(C)(F) 7.875 01-23-24   600,000 628,888
Danske Bank A/S (A)(B)(C) 5.000 01-12-22   286,000 289,630
Fifth Third Bancorp (5.100% to 6-30-23, then 3 month LIBOR + 3.033%) (B)(F) 5.100 06-30-23   420,000 394,275
Freedom Mortgage Corp. (C) 8.125 11-15-24   259,000 228,568
Freedom Mortgage Corp. (C) 8.250 04-15-25   105,000 96,075
HSBC Holdings PLC (3.950% to 5-18-23, then 3 month LIBOR + 0.987%) (A)(B) 3.950 05-18-24   495,000 501,750
HSBC Holdings PLC (6.375% to 9-17-24, then 5 Year U.S. ISDAFIX + 3.705%) (B)(F) 6.375 09-17-24   200,000 196,500
HSBC Holdings PLC (6.875% to 6-1-21, then 5 Year U.S. ISDAFIX + 5.514%) (B)(F) 6.875 06-01-21   340,000 353,600
ING Bank NV (B)(C) 5.800 09-25-23   1,000,000 1,059,076
JPMorgan Chase & Co. (A)(B) 3.200 06-15-26   410,000 398,226
JPMorgan Chase & Co. (3.514% to 6-18-21, then 3 month LIBOR + 0.610%) (A)(B) 3.514 06-18-22   710,000 717,545
JPMorgan Chase & Co. (6.750% to 2-1-24, then 3 month LIBOR + 3.780%) (A)(B)(F) 6.750 02-01-24   805,000 867,637
Lloyds Banking Group PLC (B) 4.450 05-08-25   745,000 755,681
Lloyds Banking Group PLC (7.500% to 6-27-24, then 5 Year U.S. Swap Rate + 4.760%) (A)(B)(F) 7.500 06-27-24   385,000 391,738
M&T Bank Corp. (5.125% to 11-1-26, then 3 month LIBOR + 3.520%) (A)(B)(F) 5.125 11-01-26   345,000 337,238
Regions Bank (3.374% to 8-13-20, then 3 month LIBOR + 0.500%) (B) 3.374 08-13-21   504,000 504,273
Regions Financial Corp. (B) 3.800 08-14-23   200,000 201,667
Santander Holdings USA, Inc. (B) 3.400 01-18-23   270,000 265,886
Santander Holdings USA, Inc. (A)(B) 3.700 03-28-22   469,000 468,423
Santander Holdings USA, Inc. (A)(B) 4.450 12-03-21   319,000 324,370
Santander UK Group Holdings PLC (C) 4.750 09-15-25   365,000 351,167
Societe Generale SA (7.375% to 9-13-21, then 5 Year U.S. Swap Rate + 6.238%) (B)(C)(F) 7.375 09-13-21   340,000 351,220
Societe Generale SA (8.000% to 9-29-25, then 5 Year U.S. ISDAFIX + 5.873%) (C)(F) 8.000 09-29-25   420,000 437,850
The PNC Financial Services Group, Inc. (A)(B) 3.500 01-23-24   230,000 232,316
The PNC Financial Services Group, Inc. (4.850% to 6-1-23, then 3 month LIBOR + 3.040%) (B)(F) 4.850 06-01-23   335,000 320,763
The PNC Financial Services Group, Inc. (6.750% to 8-1-21, then 3 month LIBOR + 3.678%) (A)(B)(F) 6.750 08-01-21   545,000 570,888
The Royal Bank of Scotland Group PLC (B) 3.875 09-12-23   480,000 471,327
The Royal Bank of Scotland Group PLC (8.000% to 8-10-25, then 5 Year U.S. Swap Rate + 5.720%) (F) 8.000 08-10-25   200,000 209,200
The Royal Bank of Scotland Group PLC (8.625% to 8-15-21, then 5 Year U.S. Swap Rate + 7.598%) (A)(B)(F) 8.625 08-15-21   395,000 420,557
Wells Fargo & Company (3 month LIBOR + 3.770%) (A)(B)(F)(G) 6.558 03-15-19   370,000 372,405
Wells Fargo & Company (5.875% to 6-15-25, then 3 month LIBOR + 3.990%) (A)(B)(F) 5.875 06-15-25   975,000 1,011,563
Capital markets 2.2%      
Ares Capital Corp. (B) 3.625 01-19-22   290,000 285,218
Credit Suisse Group AG (7.500% to 12-11-23, then 5 Year U.S. Swap Rate + 4.598%) (A)(B)(C)(F) 7.500 12-11-23   295,000 313,044
Credit Suisse Group AG (7.500% to 7-17-23, then 5 Year U.S. Swap Rate + 4.600%) (B)(C)(F) 7.500 07-17-23   310,000 316,200
FS KKR Capital Corp. (B) 4.000 07-15-19   435,000 434,569
SEE NOTES TO FUND'S INVESTMENTS QUARTERLY REPORT | JOHN HANCOCK INCOME SECURITIES TRUST 7

 

  Rate (%) Maturity date   Par value^ Value
Financials (continued)        
Capital markets (continued)      
FS KKR Capital Corp. (B) 4.250 01-15-20   290,000 $290,878
Macquarie Bank, Ltd. (A)(B)(C) 4.875 06-10-25   520,000 524,910
Morgan Stanley (B) 3.875 01-27-26   400,000 402,185
Stifel Financial Corp. (B) 4.250 07-18-24   217,000 220,254
The Goldman Sachs Group, Inc. (B) 3.850 01-26-27   730,000 719,198
UBS Group Funding Switzerland AG (7.000% to 1-31-24, then 5 Year U.S. Swap Rate + 4.344%) (C)(F) 7.000 01-31-24   295,000 296,844
Consumer finance 2.6%      
Ally Financial, Inc. (A)(B) 5.125 09-30-24   645,000 671,768
Capital One Financial Corp. (A)(B) 3.450 04-30-21   465,000 467,271
Capital One Financial Corp. (B) 3.500 06-15-23   1,335,000 1,322,435
Capital One Financial Corp. (A)(B) 3.900 01-29-24   230,000 231,970
Credit Acceptance Corp. 6.125 02-15-21   249,000 249,623
Credito Real SAB de CV (C) 7.250 07-20-23   200,000 196,750
Credito Real SAB de CV (9.125% to 11-29-22, then 10 Year CMT + 7.026%) (C)(F) 9.125 11-29-22   225,000 213,188
Discover Financial Services (A)(B) 3.950 11-06-24   458,000 457,458
Discover Financial Services 4.100 02-09-27   124,000 120,506
Discover Financial Services (B) 5.200 04-27-22   85,000 88,478
Enova International, Inc. (C) 8.500 09-01-24   58,000 52,635
Enova International, Inc. (C) 8.500 09-15-25   260,000 228,150
Springleaf Finance Corp. (A)(B) 6.875 03-15-25   105,000 100,538
Diversified financial services 1.3%      
ASP AMC Merger Sub, Inc. (C) 8.000 05-15-25   205,000 102,500
Doric Nimrod Air Alpha 2013-1 Class B Pass Through Trust (C) 6.125 11-30-21   56,856 57,311
Jefferies Financial Group, Inc. (A)(B) 5.500 10-18-23   655,000 684,741
Jefferies Group LLC (B) 4.150 01-23-30   365,000 320,086
Jefferies Group LLC (A)(B) 4.850 01-15-27   422,000 405,705
Refinitiv US Holdings, Inc. (A)(B)(C) 6.250 05-15-26   43,000 42,248
Refinitiv US Holdings, Inc. (A)(B)(C) 8.250 11-15-26   69,000 64,688
Trident Merger Sub, Inc. (C) 6.625 11-01-25   85,000 79,050
Voya Financial, Inc. (5.650% to 5-15-23, then 3 month LIBOR + 3.580%) (A)(B) 5.650 05-15-53   463,000 449,110
Insurance 2.9%      
Aquarius & Investments PLC (6.375% to 9-1-19, then 5 Year U.S. Swap Rate + 5.210%) 6.375 09-01-24   435,000 439,801
AXA SA (B) 8.600 12-15-30   175,000 223,125
Brighthouse Financial, Inc. (B) 3.700 06-22-27   595,000 520,433
CNO Financial Group, Inc. (A)(B) 5.250 05-30-25   293,000 296,663
Liberty Mutual Group, Inc. (7.800% to 3-15-37, then 3 month LIBOR + 3.576%) (C) 7.800 03-07-87   705,000 795,769
MetLife, Inc. (6.400% to 12-15-36, then 3 month LIBOR + 2.205%) (A)(B) 6.400 12-15-66   355,000 379,850
MetLife, Inc. (9.250% to 4-8-38, then 3 month LIBOR + 5.540%) (B)(C) 9.250 04-08-68   315,000 407,138
Nationstar Mortgage Holdings, Inc. (C) 8.125 07-15-23   160,000 161,952
Nationstar Mortgage Holdings, Inc. (C) 9.125 07-15-26   128,000 129,587
Nippon Life Insurance Company (5.100% to 10-16-24, then 5 Year U.S. ISDAFIX + 3.650%) (B)(C) 5.100 10-16-44   365,000 371,388
Prudential Financial, Inc. (5.875% to 9-15-22, then 3 month LIBOR + 4.175%) (A)(B) 5.875 09-15-42   737,000 766,480
Teachers Insurance & Annuity Association of America (B)(C) 4.270 05-15-47   430,000 421,390
Thrifts and mortgage finance 0.9%      
Ladder Capital Finance Holdings LLLP (A)(B)(C) 5.250 03-15-22   95,000 95,475
Ladder Capital Finance Holdings LLLP (C) 5.250 10-01-25   148,000 137,270
MGIC Investment Corp. (B) 5.750 08-15-23   99,000 101,475
8 JOHN HANCOCK INCOME SECURITIES TRUST | QUARTERLY REPORT SEE NOTES TO FUND'S INVESTMENTS

 

  Rate (%) Maturity date   Par value^ Value
Financials (continued)        
Thrifts and mortgage finance (continued)      
Quicken Loans, Inc. (C) 5.250 01-15-28   235,000 $213,556
Quicken Loans, Inc. (A)(B)(C) 5.750 05-01-25   550,000 530,750
Radian Group, Inc. 4.500 10-01-24   144,000 140,328
Radian Group, Inc. 5.250 06-15-20   99,000 99,990
Stearns Holdings LLC (C) 9.375 08-15-20   164,000 152,520
Health care 4.3%       7,289,429
Biotechnology 0.4%      
Celgene Corp. (B) 3.250 02-20-23   258,000 257,070
Shire Acquisitions Investments Ireland DAC (B) 3.200 09-23-26   473,000 440,510
Health care providers and services 3.3%      
Centene Corp. (A)(B)(C) 5.375 06-01-26   255,000 264,320
CVS Health Corp. (B) 3.350 03-09-21   699,000 701,503
CVS Health Corp. (B) 5.050 03-25-48   653,000 671,380
DaVita, Inc. (A)(B) 5.000 05-01-25   405,000 389,813
Express Scripts Holding Company (A)(B) 4.750 11-15-21   1,000,000 1,036,448
HCA, Inc. 5.250 04-15-25   375,000 396,094
HCA, Inc. 5.250 06-15-26   320,000 337,200
HCA, Inc. 7.500 02-15-22   300,000 328,500
MEDNAX, Inc. (B)(C) 5.250 12-01-23   290,000 291,088
MEDNAX, Inc. (A)(B)(C) 6.250 01-15-27   146,000 146,548
Select Medical Corp. 6.375 06-01-21   360,000 361,800
Team Health Holdings, Inc. (A)(B)(C) 6.375 02-01-25   65,000 52,692
Universal Health Services, Inc. (B)(C) 4.750 08-01-22   240,000 243,300
Universal Health Services, Inc. (C) 5.000 06-01-26   309,000 310,143
Life sciences tools and services 0.1%      
IQVIA, Inc. (A)(B)(C) 4.875 05-15-23   260,000 262,925
Pharmaceuticals 0.5%      
Bausch Health Companies, Inc. (A)(B)(C) 6.125 04-15-25   375,000 354,375
Bayer US Finance II LLC (B)(C) 3.500 06-25-21   200,000 199,450
Teva Pharmaceutical Finance Netherlands III BV (A)(B) 6.750 03-01-28   235,000 244,270
Industrials 9.4%       15,801,419
Aerospace and defense 0.8%      
Arconic, Inc. (A)(B) 5.125 10-01-24   324,000 326,025
Huntington Ingalls Industries, Inc. (B)(C) 5.000 11-15-25   466,000 474,155
Kratos Defense & Security Solutions, Inc. (C) 6.500 11-30-25   215,000 221,450
TransDigm, Inc. (C) 6.250 03-15-26   254,000 257,810
Air freight and logistics 0.1%      
XPO Logistics, Inc. (A)(B)(C) 6.500 06-15-22   211,000 215,484
Airlines 4.7%      
Air Canada 2013-1 Class A Pass Through Trust (B)(C) 4.125 11-15-26   209,420 209,902
Air Canada 2017-1 Class B Pass Through Trust (C) 3.700 07-15-27   304,339 289,670
America West Airlines 2000-1 Pass Through Trust 8.057 01-02-22   73,849 77,423
American Airlines 2000-1 Pass Through Trust 6.977 11-23-22   85,288 88,529
American Airlines 2013-2 Class A Pass Through Trust (B) 4.950 07-15-24   275,730 281,217
American Airlines 2015-1 Class A Pass Through Trust (B) 3.375 11-01-28   379,262 366,519
American Airlines 2015-1 Class B Pass Through Trust (B) 3.700 11-01-24   428,845 417,052
American Airlines 2016-1 Class A Pass Through Trust (B) 4.100 07-15-29   361,929 356,102
American Airlines 2017-1 Class A Pass Through Trust (B) 4.000 08-15-30   180,131 175,358
American Airlines 2017-1 Class AA Pass Through Trust (B) 3.650 08-15-30   277,125 269,005
American Airlines 2017-2 Class A Pass Through Trust (B) 3.600 04-15-31   163,454 155,363
SEE NOTES TO FUND'S INVESTMENTS QUARTERLY REPORT | JOHN HANCOCK INCOME SECURITIES TRUST 9

 

  Rate (%) Maturity date   Par value^ Value
Industrials (continued)        
Airlines (continued)      
Azul Investments LLP (A)(B)(C) 5.875 10-26-24   95,000 $88,944
British Airways 2013-1 Class A Pass Through Trust (B)(C) 4.625 06-20-24   483,948 495,514
British Airways 2013-1 Class B Pass Through Trust (C) 5.625 12-20-21   68,334 69,243
British Airways 2018-1 Class A Pass Through Trust (B)(C) 4.125 03-20-33   146,927 145,370
Continental Airlines 1999-1 Class A Pass Through Trust 6.545 08-02-20   36,542 36,542
Continental Airlines 2007-1 Class A Pass Through Trust (B) 5.983 10-19-23   386,387 402,886
Continental Airlines 2012-1 Class B Pass Through Trust 6.250 10-11-21   106,214 107,478
Delta Air Lines 2002-1 Class G-1 Pass Through Trust (B) 6.718 07-02-24   428,988 448,721
Delta Air Lines 2011-1 Class A Pass Through Trust 5.300 10-15-20   138,728 139,199
Delta Air Lines, Inc. (B) 3.625 03-15-22   476,000 472,882
Delta Air Lines, Inc. 4.375 04-19-28   355,000 337,935
Northwest Airlines 2007-1 Class A Pass Through Trust (B) 7.027 05-01-21   271,427 276,177
United Airlines 2014-2 Class A Pass Through Trust (B) 3.750 03-03-28   402,230 393,663
United Airlines 2014-2 Class B Pass Through Trust (B) 4.625 03-03-24   362,893 363,836
United Airlines 2016-1 Class A Pass Through Trust (B) 3.450 01-07-30   280,860 269,822
United Airlines 2016-1 Class B Pass Through Trust (B) 3.650 01-07-26   422,431 400,633
United Airlines 2018-1 Class B Pass Through Trust (B) 4.600 03-01-26   98,000 96,814
United Airlines 2019-1 Class A Pass Through Trust 4.550 02-25-33   230,000 229,885
US Airways 2010-1 Class A Pass Through Trust 6.250 10-22-24   273,378 285,406
US Airways 2012-1 Class A Pass Through Trust (B) 5.900 04-01-26   216,158 229,106
Building products 0.3%      
Masco Corp. (A)(B) 4.450 04-01-25   275,000 277,601
Owens Corning (A)(B) 4.200 12-15-22   155,000 154,534
Commercial services and supplies 0.4%      
LSC Communications, Inc. (C) 8.750 10-15-23   180,000 187,650
Prime Security Services Borrower LLC (A)(B)(C) 9.250 05-15-23   207,000 218,903
Tervita Escrow Corp. (C) 7.625 12-01-21   210,000 206,325
Construction and engineering 0.3%      
AECOM (A)(B) 5.125 03-15-27   415,000 390,100
Tutor Perini Corp. (C) 6.875 05-01-25   88,000 87,034
Professional services 0.7%      
Equifax, Inc. (A)(B) 7.000 07-01-37   80,000 89,224
IHS Markit, Ltd. (C) 4.000 03-01-26   282,000 269,254
IHS Markit, Ltd. (A)(B)(C) 4.750 02-15-25   128,000 127,795
IHS Markit, Ltd. 4.750 08-01-28   305,000 302,469
IHS Markit, Ltd. (B)(C) 5.000 11-01-22   152,000 155,298
Verisk Analytics, Inc. (B) 4.000 06-15-25   295,000 296,324
Trading companies and distributors 2.1%      
AerCap Ireland Capital DAC (B) 4.625 10-30-20   435,000 440,166
AerCap Ireland Capital DAC (A)(B) 5.000 10-01-21   373,000 382,206
Ahern Rentals, Inc. (A)(B)(C) 7.375 05-15-23   395,000 343,650
Aircastle, Ltd. (B) 4.400 09-25-23   176,000 174,260
Aircastle, Ltd. (B) 5.000 04-01-23   620,000 629,465
Aircastle, Ltd. (B) 5.500 02-15-22   215,000 220,927
Aircastle, Ltd. (B) 6.250 12-01-19   195,000 199,201
Ashtead Capital, Inc. (C) 4.375 08-15-27   260,000 247,000
Avolon Holdings Funding, Ltd. (A)(B)(C) 5.125 10-01-23   225,000 228,420
H&E Equipment Services, Inc. (A)(B) 5.625 09-01-25   131,000 128,053
United Rentals North America, Inc. (A)(B) 4.875 01-15-28   328,000 311,190
United Rentals North America, Inc. (A)(B) 5.500 07-15-25   260,000 263,250
10 JOHN HANCOCK INCOME SECURITIES TRUST | QUARTERLY REPORT SEE NOTES TO FUND'S INVESTMENTS

 

  Rate (%) Maturity date   Par value^ Value
Information technology 4.6%       $7,839,311
Communications equipment 0.6%      
Motorola Solutions, Inc. (B) 4.600 02-23-28   492,000 480,151
Telefonaktiebolaget LM Ericsson (A)(B) 4.125 05-15-22   545,000 544,738
Electronic equipment, instruments and components 0.5%      
Tech Data Corp. (B) 4.950 02-15-27   601,000 592,044
Trimble, Inc. (B) 4.900 06-15-28   220,000 217,185
IT services 0.3%      
Banff Merger Sub, Inc. (C) 9.750 09-01-26   215,000 204,788
VeriSign, Inc. 4.750 07-15-27   145,000 143,006
VeriSign, Inc. (A)(B) 5.250 04-01-25   270,000 278,316
Semiconductors and semiconductor equipment 1.6%      
Advanced Micro Devices, Inc. 7.000 07-01-24   170,000 177,820
Marvell Technology Group, Ltd. (B) 4.875 06-22-28   385,000 383,324
Microchip Technology, Inc. (B)(C) 3.922 06-01-21   255,000 252,355
Microchip Technology, Inc. (A)(B)(C) 4.333 06-01-23   583,000 574,400
NXP BV (A)(B)(C) 4.625 06-01-23   645,000 657,094
NXP BV (A)(B)(C) 4.875 03-01-24   267,000 273,905
NXP BV (A)(B)(C) 5.550 12-01-28   251,000 270,447
Qorvo, Inc. (A)(B)(C) 5.500 07-15-26   110,000 109,175
Software 0.5%      
Citrix Systems, Inc. 4.500 12-01-27   354,000 339,516
j2 Cloud Services LLC (C) 6.000 07-15-25   119,000 119,298
Microsoft Corp. (B) 4.450 11-03-45   340,000 378,089
Technology hardware, storage and peripherals 1.1%      
Dell International LLC (A)(B)(C) 6.020 06-15-26   825,000 862,183
Dell International LLC (B)(C) 8.350 07-15-46   563,000 667,137
Western Digital Corp. (A)(B) 4.750 02-15-26   338,000 314,340
Materials 2.4%       4,057,146
Chemicals 1.4%      
Braskem Finance, Ltd. (C) 7.000 05-07-20   515,000 535,090
Braskem Netherlands Finance BV (C) 4.500 01-10-28   340,000 331,075
Cydsa SAB de CV (C) 6.250 10-04-27   265,000 244,463
Mexichem SAB de CV (C) 5.500 01-15-48   315,000 283,500
Syngenta Finance NV (B)(C) 4.441 04-24-23   470,000 464,927
The Chemours Company (A)(B) 6.625 05-15-23   456,000 471,390
Construction materials 0.2%      
Cemex SAB de CV (C) 6.125 05-05-25   270,000 274,860
U.S. Concrete, Inc. (A)(B) 6.375 06-01-24   145,000 140,795
Containers and packaging 0.3%      
Ardagh Packaging Finance PLC (A)(B)(C) 6.000 02-15-25   215,000 209,088
Greif, Inc. (C) 6.500 03-01-27   55,000 55,275
Klabin Finance SA (A)(B)(C) 4.875 09-19-27   255,000 239,381
Metals and mining 0.4%      
Anglo American Capital PLC (C) 4.750 04-10-27   270,000 269,449
Commercial Metals Company 5.375 07-15-27   92,000 84,870
Vale Overseas, Ltd. (A)(B) 6.250 08-10-26   248,000 265,670
Paper and forest products 0.1%      
Norbord, Inc. (B)(C) 6.250 04-15-23   185,000 187,313
Real estate 1.4%       2,381,089
Equity real estate investment trusts 1.4%      
American Homes 4 Rent LP (B) 4.250 02-15-28   305,000 293,841
SEE NOTES TO FUND'S INVESTMENTS QUARTERLY REPORT | JOHN HANCOCK INCOME SECURITIES TRUST 11

 

  Rate (%) Maturity date   Par value^ Value
Real estate (continued)        
Equity real estate investment trusts (continued)      
American Tower Corp. (A)(B) 3.550 07-15-27   488,000 $465,649
American Tower Corp. (B) 4.700 03-15-22   400,000 414,339
Equinix, Inc. 5.375 05-15-27   205,000 205,513
Iron Mountain, Inc. 5.750 08-15-24   33,000 32,753
Omega Healthcare Investors, Inc. (B) 4.500 01-15-25   192,000 190,788
Ventas Realty LP (B) 3.500 02-01-25   254,000 248,237
VEREIT Operating Partnership LP (B) 4.600 02-06-24   523,000 529,969
Utilities 4.6%       7,754,557
Electric utilities 2.2%      
ABY Transmision Sur SA (C) 6.875 04-30-43   246,900 274,059
Duke Energy Corp. (A)(B) 3.550 09-15-21   1,000,000 1,006,721
Electricite de France SA (5.250% to 1-29-23, then 10 Year U.S. Swap Rate + 3.709%) (A)(B)(C)(F) 5.250 01-29-23   485,000 480,150
Emera US Finance LP (A)(B) 3.550 06-15-26   183,000 174,240
Empresa Electrica Angamos SA (C) 4.875 05-25-29   328,680 323,518
Exelon Generation Company LLC (B) 4.000 10-01-20   1,000,000 1,009,857
Instituto Costarricense de Electricidad (C) 6.375 05-15-43   215,000 157,756
Southern California Edison Company (6.250% to 2-1-22, then 3 month LIBOR + 4.199%) (A)(B)(F) 6.250 02-01-22   320,000 300,800
Gas utilities 0.1%      
AmeriGas Partners LP 5.500 05-20-25   183,000 179,340
Independent power and renewable electricity producers 1.2%      
Clearway Energy Operating LLC (B) 5.375 08-15-24   266,000 246,715
Greenko Dutch BV (C) 4.875 07-24-22   310,000 298,716
NextEra Energy Capital Holdings, Inc. (B) 3.550 05-01-27   490,000 475,558
NextEra Energy Operating Partners LP (A)(B)(C) 4.500 09-15-27   110,000 100,031
NRG Energy, Inc. (A)(B) 6.250 05-01-24   585,000 605,475
NRG Energy, Inc. 6.625 01-15-27   305,000 321,080
Multi-utilities 1.1%      
Berkshire Hathaway Energy Company (B) 8.480 09-15-28   550,000 752,820
CMS Energy Corp. (B) 5.050 03-15-22   1,000,000 1,047,721
Capital preferred securities (H) 0.3% (0.2% of Total investments)   $488,085
(Cost $481,045)          
Financials 0.3%       488,085
Banks 0.2%      
BAC Capital Trust XIV, Series G (Greater of 3 month LIBOR + 0.400% or 4.000%) (F)(G) 4.000 02-19-19   325,000 248,625
Capital markets 0.1%      
State Street Corp. (3 month LIBOR + 1.000%) (B)(G) 3.788 06-01-77   312,000 239,460
Term loans (I) 0.7% (0.4% of Total investments)   $1,170,994
(Cost $1,182,325)          
Communication services 0.1%         192,376
Entertainment 0.1%          
Metro-Goldwyn-Mayer, Inc., 2018 2nd Lien Term Loan (1 month LIBOR + 4.500%) 7.000 07-03-26   200,000 192,376
Energy 0.0%         82,383
Oil, gas and consumable fuels 0.0%          
FTS International, Inc., New Term Loan B (1 month LIBOR + 4.750%) 7.249 04-16-21   83,850 82,383
12 JOHN HANCOCK INCOME SECURITIES TRUST | QUARTERLY REPORT SEE NOTES TO FUND'S INVESTMENTS

 

  Rate (%) Maturity date   Par value^ Value
Financials 0.1%         $132,344
Capital markets 0.1%          
LSF9 Atlantis Holdings LLC, 2017 Term Loan (1 month LIBOR + 6.000%) 8.513 05-01-23   144,375 132,344
Health care 0.5%         763,891
Health care providers and services 0.5%          
Concentra, Inc., 2018 2nd Lien Term Loan (1 month LIBOR + 6.500%) 9.020 06-01-23   260,000 258,266
Gentiva Health Services, Inc., 2018 2nd Lien Term Loan (1 month LIBOR + 7.000%) 9.500 07-02-26   500,000 505,625
Collateralized mortgage obligations 12.5% (8.2% of Total investments)   $21,196,018
(Cost $20,867,499)          
Commercial and residential 10.3%         17,399,345
Americold LLC
Series 2010-ARTA, Class D (C) 		7.443 01-14-29   605,000 643,763
Angel Oak Mortgage Trust I LLC
Series 2018-3, Class A1 (C)(J) 		3.649 09-25-48   215,157 215,375
Arroyo Mortgage Trust
Series 2018-1, Class A1 (C)(J) 		3.763 04-25-48   731,577 731,058
BAMLL Commercial Mortgage Securities Trust
Series 2015-200P, Class C (C)(J) 		3.596 04-14-33   490,000 490,491
BBCMS Mortgage Trust
Series 2018-TALL, Class E (1 month LIBOR + 2.437%) (C)(G) 		4.892 03-15-37   214,000 211,006
BBCMS Trust          
Series 2015-MSQ, Class D (C)(J) 3.990 09-15-32   480,000 478,085
Series 2015-SRCH, Class D (C)(J) 4.957 08-10-35   370,000 363,997
Bear Stearns Adjustable Rate Mortgage Trust
Series 2005-1, Class B2 (E)(J) 		3.518 03-25-35   405 11,132
BHMS Mortgage Trust
Series 2018-ATLS, Class A (1 month LIBOR + 1.250%) (C)(G) 		3.705 07-15-35   300,000 299,245
BWAY Mortgage Trust
Series 2015-1740, Class XA IO (C) 		0.896 01-10-35   6,885,000 181,671
BX Commercial Mortgage Trust          
Series 2018-BIOA, Class D (1 month LIBOR + 1.321%) (C)(G) 3.776 03-15-37   245,000 242,082
Series 2018-IND, Class A (1 month LIBOR + 0.750%) (C)(G) 3.205 11-15-35   585,127 582,082
CGBAM Commercial Mortgage Trust
Series 2015-SMRT, Class F (C)(J) 		3.786 04-10-28   325,000 327,458
CGDBB Commercial Mortgage Trust
Series 2017-BIOC, Class E (1 month LIBOR + 2.150%) (C)(G) 		4.605 07-15-32   264,000 257,946
CHT Mortgage Trust
Series 2017-CSMO, Class D (1 month LIBOR + 2.250%) (C)(G) 		4.705 11-15-36   370,000 369,301
Citigroup Commercial Mortgage Trust
Series 2017-1500, Class E (1 month LIBOR + 2.500%) (C)(G) 		4.955 07-15-32   126,000 124,196
CLNS Trust
Series 2017-IKPR, Class C (1 month LIBOR + 1.100%) (C)(G) 		3.619 06-11-32   160,000 158,392
Cold Storage Trust
Series 2017-ICE3, Class D (1 month LIBOR + 2.100%) (C)(G) 		4.555 04-15-36   355,000 352,656
COLT Mortgage Loan Trust
Series 2018-2, Class A1 (C)(J) 		3.470 07-27-48   79,678 79,429
Commercial Mortgage Trust (Cantor Fitzgerald/Deutsche Bank AG)          
Series 2012-CR2, Class XA IO 1.651 08-15-45   1,850,066 87,470
Series 2012-CR3 Class XA IO 1.872 10-15-45   2,665,461 149,864
Series 2013-CR6, Class XA IO 1.062 03-10-46   2,716,953 75,275
Commercial Mortgage Trust (Citigroup/Deutsche Bank AG)
Series 2018-COR3, Class XA IO 		0.448 05-10-51   2,758,708 98,206
Commercial Mortgage Trust (Deutsche Bank AG)          
Series 2012-LC4, Class B (J) 4.934 12-10-44   360,000 370,577
Series 2013-300P, Class D (C)(J) 4.394 08-10-30   620,000 630,433
Series 2014-TWC, Class D (1 month LIBOR + 2.250%) (C)(G) 4.637 02-13-32   445,000 444,999
Commercial Mortgage Trust (Deutsche Bank AG/Morgan Stanley)
Series 2014-PAT, Class D (1 month LIBOR + 2.150%) (C)(G) 		4.537 08-13-27   775,000 776,439
SEE NOTES TO FUND'S INVESTMENTS QUARTERLY REPORT | JOHN HANCOCK INCOME SECURITIES TRUST 13

 

  Rate (%) Maturity date   Par value^ Value
Commercial and residential (continued)          
Core Industrial Trust
Series 2015-CALW, Class XA IO (C) 		0.810 02-10-34   3,601,156 $75,131
GAHR Commercial Mortgage Trust          
Series 2015-NRF, Class DFX (C)(J) 3.382 12-15-34   345,000 341,252
Series 2015-NRF, Class EFX (C)(J) 3.382 12-15-34   495,000 487,068
Galton Funding Mortgage Trust
Series 2018-1, Class A43 (C)(J) 		3.500 11-25-57   167,517 167,124
Great Wolf Trust
Series 2017-WOLF, Class E (1 month LIBOR + 3.100%) (C)(G) 		5.705 09-15-34   90,000 89,999
GS Mortgage Securities Trust          
Series 2012-GC17, Class XA IO 2.208 05-10-45   5,080,636 206,904
Series 2016-RENT, Class D (C)(J) 4.067 02-10-29   420,000 419,275
Series 2017-485L, Class C (C)(J) 3.982 02-10-37   240,000 236,802
Series 2018-CHLL Class D (1 month LIBOR + 1.650%) (C)(G) 3.238 02-15-37   850,000 841,206
Series 2018-CHLL, Class E (1 month LIBOR + 2.350%) (C)(G) 3.938 02-15-37   155,000 153,446
HarborView Mortgage Loan Trust          
Series 2005-2, Class X IO 1.081 05-19-35   3,399,336 150,285
Series 2007-3, Class ES IO (C) 0.350 05-19-47   5,130,150 87,472
Series 2007-4, Class ES IO 0.350 07-19-47   5,320,669 88,760
Series 2007-6, Class ES IO (C) 0.353 08-19-37   4,539,152 56,750
Hilton Orlando Trust
Series 2018-ORL, Class D (1 month LIBOR + 1.700%) (C)(G) 		4.155 12-15-34   110,000 108,964
IMT Trust
Series 2017-APTS, Class CFX (C)(J) 		3.497 06-15-34   190,000 186,383
IndyMac Index Mortgage Loan Trust          
Series 2005-AR12, Class AX2 IO 1.007 07-25-35   3,657,147 83,160
Series 2005-AR8, Class AX2 IO 1.024 05-25-35   3,675,339 117,323
Series 2005-AR18, Class 1X IO 1.248 10-25-36   5,084,156 208,197
Series 2005-AR18, Class 2X IO 0.839 10-25-36   4,617,514 60,726
JPMorgan Chase Commercial Mortgage Securities Trust          
Series 2012-C14, Class XA IO (C) 1.431 07-05-32   2,717,529 116,958
Series 2018-PHH, Class A (1 month LIBOR + 0.910%) (C)(G) 3.365 06-15-35   170,000 169,252
Morgan Stanley Capital I Trust
Series 2017-CLS, Class D (1 month LIBOR + 1.400%) (C)(G) 		3.855 11-15-34   354,000 344,675
MSCG Trust
Series 2016-SNR, Class D (C) 		6.550 11-15-34   395,250 390,639
Natixis Commercial Mortgage Securities Trust          
Series 2018-285M, Class D (C)(J) 3.790 11-15-32   100,000 98,744
Series 2018-ALXA, Class C (C)(J) 4.316 01-15-43   175,000 176,432
One Market Plaza Trust
Series 2017-1MKT, Class D (C) 		4.146 02-10-32   190,000 188,545
Starwood Mortgage Residential Trust
Series 2018-IMC1, Class A1 (C)(J) 		3.793 03-25-48   134,977 134,263
UBS Commercial Mortgage Trust
Series 2012-C1, Class B 		4.822 05-10-45   405,000 417,828
UBS-Barclays Commercial Mortgage Trust
Series 2012-C2, Class XA IO (C) 		1.325 05-10-63   3,425,967 125,845
VNDO Mortgage Trust
Series 2013-PENN, Class D (C)(J) 		3.947 12-13-29   612,000 611,644
Wells Fargo Commercial Mortgage Trust          
Series 2013-120B, Class C (C)(J) 2.710 03-18-28   935,000 922,891
Series 2017-SMP, Class D (1 month LIBOR + 1.650%) (C)(G) 4.105 12-15-34   120,000 119,880
WF-RBS Commercial Mortgage Trust          
Series 2012-C9, Class B XA IO (C) 1.885 11-15-45   3,835,402 220,706
Series 2013-C15, Class B (J) 4.473 08-15-46   155,000 160,264
Series 2013-C16, Class B (J) 5.038 09-15-46   265,000 281,924
U.S. Government Agency 2.2%         3,796,673
Federal Home Loan Mortgage Corp.          
Series 2016-DNA3, Class M2 (1 month LIBOR + 2.000%) (G) 4.506 12-25-28   189,372 191,079
14 JOHN HANCOCK INCOME SECURITIES TRUST | QUARTERLY REPORT SEE NOTES TO FUND'S INVESTMENTS

 

  Rate (%) Maturity date   Par value^ Value
U.S. Government Agency (continued)          
Series K005, Class AX IO 1.345 11-25-19   2,213,921 $19,659
Series K017, Class X1 IO 1.303 12-25-21   3,646,201 112,061
Series K018, Class X1 IO 1.348 01-25-22   3,332,925 105,270
Series K021, Class X1 IO 1.444 06-25-22   917,419 37,614
Series K022, Class X1 IO 1.234 07-25-22   3,749,458 133,770
Series K709, Class X1 IO 1.492 03-25-19   1,523,245 503
Series K710, Class X1 IO 1.734 05-25-19   2,530,014 4,085
Series K718, Class X1 IO 0.624 01-25-22   15,967,487 248,459
Government National Mortgage Association          
Series 2012-114, Class IO 0.765 01-16-53   1,368,269 69,072
Series 2016-174, Class IO 0.900 11-16-56   1,973,903 150,088
Series 2017-109, Class IO 0.611 04-16-57   2,560,917 139,986
Series 2017-124, Class IO 0.706 01-16-59   3,224,029 209,644
Series 2017-135, Class IO 0.839 10-16-58   2,079,387 141,445
Series 2017-140, Class IO 0.609 02-16-59   1,894,181 113,217
Series 2017-20, Class IO 0.748 12-16-58   3,992,891 243,373
Series 2017-22, Class IO 1.022 12-16-57   1,394,188 123,646
Series 2017-3, Class IO 0.908 09-16-58   3,700,419 277,464
Series 2017-46, Class IO 0.620 11-16-57   3,006,620 178,492
Series 2017-61, Class IO 0.768 05-16-59   1,809,813 134,896
Series 2017-74, Class IO 0.778 09-16-58   3,336,811 204,889
Series 2018-114, Class IO 0.540 04-16-60   4,014,768 242,829
Series 2018-35, Class IO 0.524 03-16-60   3,088,535 174,208
Series 2018-43, Class IO 0.577 05-16-60   4,816,953 278,119
Series 2018-69, Class IO 0.535 04-16-60   2,158,699 132,629
Series 2018-9, Class IO 0.558 01-16-60   2,279,633 130,176
Asset backed securities 9.7% (6.3% of Total investments)   $16,449,659
(Cost $16,413,486)          
Asset backed securities 9.7%         16,449,659
AccessLex Institute
Series 2007-A, Class A3 (3 month LIBOR + 0.300%) (G) 		2.989 05-25-36   281,773 278,427
Ally Auto Receivables Trust
Series 2018-2, Class A4 		3.090 06-15-23   315,000 316,240
Americredit Automobile Receivables Trust          
Series 2018-2, Class C 3.590 06-18-24   195,000 196,256
Series 2018-3, Class C 3.740 10-18-24   158,000 160,672
Applebee's Funding LLC
Series 2014-1, Class A2 (C) 		4.277 09-05-44   987,500 982,559
Arby's Funding LLC
Series 2015-1A, Class A2 (C) 		4.969 10-30-45   619,200 629,999
CLI Funding LLC
Series 2018-1A, Class A (C) 		4.030 04-18-43   405,695 406,761
CNH Equipment Trust
Series 2018-B, Class A3 		3.190 11-15-23   441,000 443,816
Coinstar Funding LLC
Series 2017-1A, Class A2 (C) 		5.216 04-25-47   373,350 377,226
Collegiate Funding Services Education Loan Trust
Series 2005-A, Class A4 (3 month LIBOR + 0.200%) (G) 		3.013 03-28-35   228,000 219,008
ContiMortgage Home Equity Loan Trust
Series 1995-2, Class A5 		8.100 08-15-25   19,541 12,135
CWABS Asset-Backed Certificates Trust
Series 2004-10, Class AF5B 		5.613 02-25-35   169,953 168,957
DB Master Finance LLC          
Series 2015-1A, Class A2II (C) 3.980 02-20-45   476,438 478,820
Series 2017-1A, Class A2I (C) 3.629 11-20-47   118,800 115,241
Series 2017-1A, Class A2II (C) 4.030 11-20-47   168,300 165,382
SEE NOTES TO FUND'S INVESTMENTS QUARTERLY REPORT | JOHN HANCOCK INCOME SECURITIES TRUST 15

 

  Rate (%) Maturity date   Par value^ Value
Asset backed securities (continued)          
DLL LLC
Series 2018-ST2, Class A3 (C) 		3.460 01-20-22   275,000 $276,740
Domino's Pizza Master Issuer LLC
Series 2017-1A, Class A23 (C) 		4.118 07-25-47   576,225 563,565
Driven Brands Funding LLC
Series 2015-1A, Class A2 (C) 		5.216 07-20-45   517,613 537,924
FOCUS Brands Funding LLC
Series 2017-1A, Class A2I (C) 		3.857 04-30-47   142,463 144,273
Ford Credit Floorplan Master Owner Trust
Series 2018-3, Class A1 		3.520 10-15-23   695,000 703,665
Hilton Grand Vacations Trust
Series 2018-AA, Class A (C) 		3.540 02-25-32   122,307 123,197
Honda Auto Receivables Owner Trust          
Series 2018-2, Class A3 3.010 05-18-22   250,000 250,585
Series 2018-3, Class A3 (A)(B) 2.950 08-22-22   195,000 195,601
Hyundai Auto Receivables Trust
Series 2018-B, Class A3 		3.200 12-15-22   248,000 249,627
KeyCorp Student Loan Trust
Series 2004-A, Class 1A2 (3 month LIBOR + 0.240%) (G) 		2.749 10-27-42   241,639 235,058
MVW Owner Trust
Series 2018-1A, Class A (C) 		3.450 01-21-36   363,118 365,079
New Residential Mortgage LLC          
Series 2018-FNT1, Class A (C) 3.610 05-25-23   275,056 276,296
Series 2018-FNT2, Class A (C) 3.790 07-25-54   173,818 175,517
NextGear Floorplan Master Owner Trust          
Series 2017-1A, Class A2 (C) 2.540 04-18-22   365,000 362,592
Series 2018-1A, Class A2 (C) 3.220 02-15-23   105,000 105,004
Series 2018-2A, Class A2 (C) 3.690 10-16-23   265,000 267,357
Nissan Auto Receivables Owner Trust
Series 2018-C, Class A3 		3.520 06-15-23   597,000 601,450
NRZ Excess Spread-Collateralized Notes          
Series 2018-PLS1, Class A (C) 3.193 01-25-23   129,976 129,276
Series 2018-PLS2, Class A (C) 3.265 02-25-23   184,890 184,775
Oxford Finance Funding LLC
Series 2019-1A, Class A2 (C) 		4.459 02-15-27   142,000 142,000
Santander Drive Auto Receivables Trust          
Series 2018-2, Class C 3.350 07-17-23   195,000 195,394
Series 2018-3, Class C 3.510 08-15-23   465,000 467,208
SLM Private Credit Student Loan Trust
Series 2006-A, Class A5 (3 month LIBOR + 0.290%) (G) 		3.078 06-15-39   124,717 120,711
Sonic Capital LLC
Series 2016-1A, Class A2 (C) 		4.472 05-20-46   210,780 211,233
Taco Bell Funding LLC
Series 2018-1A, Class A2I (C) 		4.318 11-25-48   473,000 479,603
Textainer Marine Containers VII, Ltd.
Series 2018-1A, Class A (C) 		4.110 07-20-43   265,100 266,594
Towd Point Mortgage Trust          
Series 2015-1, Class A5 (C)(J) 3.802 10-25-53   125,000 127,659
Series 2015-2, Class 1M2 (C)(J) 3.711 11-25-60   300,000 302,587
Series 2017-2, Class A1 (C)(J) 2.750 04-25-57   102,760 100,646
Series 2018-1, Class A1 (C)(J) 3.000 01-25-58   191,045 187,532
Series 2018-3, Class A1 (C)(J) 3.750 05-25-58   278,018 279,149
Series 2018-4, Class A1 (C)(J) 3.000 06-25-58   439,721 428,818
Series 2018-5, Class A1A (C)(J) 3.250 07-25-58   123,235 121,548
Series 2019-1, Class A1 (C)(J) 3.750 03-25-58   270,000 268,356
Toyota Auto Receivables Owner Trust
Series 2018-C, Class A3 		3.020 12-15-22   525,000 526,846
Triton Container Finance V LLC
Series 2018-1A, Class A (C) 		3.950 03-20-43   325,417 325,730
16 JOHN HANCOCK INCOME SECURITIES TRUST | QUARTERLY REPORT SEE NOTES TO FUND'S INVESTMENTS

 

  Rate (%) Maturity date   Par value^ Value
Asset backed securities (continued)          
Vantage Data Centers Issuer LLC
Series 2018-1A, Class A2 (C) 		4.072 02-16-43   198,167 $199,517
Westgate Resorts LLC          
Series 2014-1A, Class A (C) 2.150 12-20-26   139,306 139,036
Series 2014-1A, Class B (C) 3.250 12-20-26   93,111 92,921
Series 2015-2A, Class B (C) 4.000 07-20-28   98,720 98,362
Series 2016-1A, Class A (C) 3.500 12-20-28   117,422 117,280
Series 2017-1A, Class A (C) 3.050 12-20-30   190,477 188,518
World Omni Automobile Lease Securitization Trust
Series 2018-B, Class A3 		3.190 12-15-21   362,000 363,331
    
        Shares Value
Common stocks 0.3% (0.2% of Total investments)   $493,840
(Cost $515,695)          
Energy 0.3%       493,840
Oil, gas and consumable fuels 0.3%        
Royal Dutch Shell PLC, ADR, Class A       8,000 493,840
Preferred securities (K) 1.6% (1.1% of Total investments)   $2,758,979
(Cost $2,684,493)          
Consumer staples 0.3%         540,625
Food and staples retailing 0.3%          
Ocean Spray Cranberries, Inc., 6.250% (C)   6,250 540,625
Financials 0.5%         898,540
Banks 0.5%          
GMAC Capital Trust I (3 month LIBOR + 5.785%), 8.401% (G)   24,985 652,358
Wells Fargo & Company, Series L, 7.500%   192 246,182
Real estate 0.5%         809,864
Equity real estate investment trusts 0.5%          
Crown Castle International Corp., 6.875%   740 809,864
Utilities 0.3%         509,950
Multi-utilities 0.3%          
Dominion Energy, Inc., 6.750%   5,540 266,197
DTE Energy Company, 6.500%   4,475 243,753
    
  Yield* (%) Maturity date   Par value^ Value
Short-term investments 1.4% (0.9% of Total investments) $2,354,000
(Cost $2,354,000)          
U.S. Government Agency 1.2%         2,054,000
Federal Home Loan Bank Discount Note 2.260 02-01-19   2,054,000 2,054,000
    
        Par value^ Value
Repurchase agreement 0.2%         300,000
Repurchase Agreement with State Street Corp. dated 1-31-19 at 1.300% to be repurchased at $300,011 on 2-1-19, collateralized by $305,000 U.S. Treasury Notes, 2.625% due 6-30-23 (valued at $307,196, including interest)       300,000 300,000
    
Total investments (Cost $260,284,277) 153.0%     $259,032,944
Other assets and liabilities, net (53.0%)     (89,712,894)
Total net assets 100.0%     $169,320,050
    
SEE NOTES TO FUND'S INVESTMENTS QUARTERLY REPORT | JOHN HANCOCK INCOME SECURITIES TRUST 17

 

The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund unless otherwise indicated.
^All par values are denominated in U.S. dollars unless otherwise indicated.
Security Abbreviations and Legend
ADR American Depositary Receipt
CMT Constant Maturity Treasury
IO Interest-Only Security - (Interest Tranche of Stripped Mortgage Pool). Rate shown is the annualized yield at the end of the period.
ISDAFIX International Swaps and Derivatives Association Fixed Interest Rate Swap Rate
LIBOR London Interbank Offered Rate
(A) All or a portion of this security is on loan as of 1-31-19, and is a component of the fund's leverage under the Liquidity Agreement.
(B) All or a portion of this security is pledged as collateral pursuant to the Liquidity Agreement. Total collateral value at 1-31-19 was $102,278,725. A portion of the securities pledged as collateral were loaned pursuant to the Liquidity Agreement. The value of securities on loan amounted to $46,866,265.
(C) These securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. Rule 144A securities amounted to $66,747,696 or 39.4% of the fund's net assets as of 1-31-19.
(D) Non-income producing - Issuer is in default.
(E) Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(F) Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date.
(G) Variable rate obligation. The coupon rate shown represents the rate at period end.
(H) Includes hybrid securities with characteristics of both equity and debt that trade with, and pay, interest income.
(I) Term loans are variable rate obligations. The coupon rate shown represents the rate at period end.
(J) Variable or floating rate security, the interest rate of which adjusts periodically based on a weighted average of interest rates and prepayments on the underlying pool of assets. The interest rate shown is the current rate as of period end.
(K) Includes preferred stocks and hybrid securities with characteristics of both equity and debt that pay dividends on a periodic basis.
* Yield represents either the annualized yield at the date of purchase, the stated coupon rate or, for floating rate securities, the rate at period end.
The fund had the following country composition as a percentage of total investments on 1-31-19:
United States 86.8%
United Kingdom 3.0%
Netherlands 2.2%
France 1.5%
Canada 1.2%
Other countries 5.3%
TOTAL 100.0%
18 JOHN HANCOCK INCOME SECURITIES TRUST | QUARTERLY REPORT SEE NOTES TO FUND'S INVESTMENTS

Notes to Fund's investments (unaudited)

Security valuation. Investments are stated at value as of the scheduled close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 p.m., Eastern Time. In case of emergency or other disruption resulting in the NYSE not opening for trading or the NYSE closing at a time other than the regularly scheduled close, the net asset value may be determined as of the regularly scheduled close of the NYSE pursuant to the fund's Valuation Policies and Procedures.

In order to value the securities, the fund uses the following valuation techniques: Debt obligations are typically valued based on the evaluated prices provided by an independent pricing vendor. Independent pricing vendors utilize matrix pricing which takes into account factors such as institutional-size trading in similar groups of securities, yield, quality, coupon rate, maturity, type of issue, trading characteristics and other market data, as well as broker supplied prices. Equity securities held by the fund are typically valued at the last sale price or official closing price on the exchange or principal market where the security trades. In the event there were no sales during the day or closing prices are not available, the securities are valued using the last available bid price.

In certain instances, the Pricing Committee may determine to value equity securities using prices obtained from another exchange or market if trading on the exchange or market on which prices are typically obtained did not open for trading as scheduled, or if trading closed earlier than scheduled, and trading occurred as normal on another exchange or market.

Other portfolio securities and assets, for which reliable market quotations are not readily available, are valued at fair value as determined in good faith by the fund's Pricing Committee following procedures established by the Board of Trustees. The frequency with which these fair valuation procedures are used cannot be predicted and fair value of securities may differ significantly from the value that would have been used had a ready market for such securities existed.

The fund uses a three-tier hierarchy to prioritize the pricing assumptions, referred to as inputs, used in valuation techniques to measure fair value. Level 1 includes securities valued using quoted prices in active markets for identical securities. Level 2 includes securities valued using other significant observable inputs. Observable inputs may include quoted prices for similar securities, interest rates, prepayment speeds and credit risk. Prices for securities valued using these inputs are received from independent pricing vendors and brokers and are based on an evaluation of the inputs described. Level 3 includes securities valued using significant unobservable inputs when market prices are not readily available or reliable, including the fund's own assumptions in determining the fair value of investments. Factors used in determining value may include market or issuer specific events or trends, changes in interest rates and credit quality. The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. Changes in valuation techniques and related inputs may result in transfers into or out of an assigned level within the disclosure hierarchy.

The following is a summary of the values by input classification of the fund's investments as of January 31, 2019, by major security category or type:

         
  Total
value at
1-31-19		 Level 1
quoted
price		 Level 2
significant
observable
inputs		 Level 3
significant
unobservable
inputs
Investments in securities:        
Assets        
U.S. Government and Agency obligations $82,797,588 — $82,797,588 —
Foreign government obligations 1,337,854 — 1,337,854 —
Corporate bonds 129,985,927 — 129,985,927 —
Capital preferred securities 488,085 — 488,085 —
Term loans 1,170,994 — 1,170,994 —
Collateralized mortgage obligations 21,196,018 — 21,184,886 $11,132
Asset backed securities 16,449,659 — 16,449,659 —
Common stocks 493,840 $493,840 — —
Preferred securities 2,758,979 1,408,490 1,350,489 —
Short-term investments 2,354,000 — 2,354,000 —
Total investments in securities $259,032,944 $1,902,330 $257,119,482 $11,132

Repurchase agreements. The fund may enter into repurchase agreements. When the fund enters into a repurchase agreement, it receives collateral that is held in a segregated account by the fund's custodian. The collateral amount is marked-to-market and monitored on a daily basis to ensure that the collateral held is in an amount not less than the principal amount of the repurchase agreement plus any accrued interest. Collateral received by the fund for repurchase agreements is disclosed in the Fund's investments as part of the caption related to the repurchase agreement.

Repurchase agreements are typically governed by the terms and conditions of the Master Repurchase Agreement and/or Global Master Repurchase Agreement (collectively, MRA). Upon an event of default, the non-defaulting party may close out all transactions traded under the MRA and net amounts owed. Absent an event of default, assets and liabilities resulting from repurchase agreements are not offset. In the event of a default by the counterparty, realization of the collateral proceeds could be delayed, during which time the collateral value may decline or the counterparty may have insufficient assets to pay back claims resulting from close-out of the transactions.

Stripped securities. Stripped securities are financial instruments structured to separate principal and interest cash flows so that one class receives principal payments from the underlying assets (PO or principal only), while the other class receives the interest cash flows (IO or interest only). Both PO and IO investments represent an interest in the cash flows of an underlying stripped security. If the underlying assets experience greater than anticipated prepayments of principal, the fund may fail to

       19

fully recover its initial investment in an IO security. The market value of these securities can be extremely volatile in response to changes in interest rates or prepayments on the underlying securities. In addition, these securities also have the risk that the fund may not receive all or part of its principal or interest payments because the borrower or issuer has defaulted on its obligation.

Mortgage and asset backed securities. The fund may invest in mortgage-related securities, such as mortgage-backed securities, and other asset-backed securities, which are debt obligations that represent interests in pools of mortgages or other income-bearing assets, such as consumer loans or receivables. Such securities often involve risks that are different from the risks associated with investing in other types of debt securities. Mortgage-backed and other asset-backed securities are subject to changes in the payment patterns of borrowers of the underlying debt. When interest rates fall, borrowers are more likely to refinance or prepay their debt before its stated maturity. This may result in the fund having to reinvest the proceeds in lower yielding securities, effectively reducing the fund's income. Conversely, if interest rates rise and borrowers repay their debt more slowly than expected, the time in which the mortgage-backed and other asset-backed securities are paid off could be extended, reducing the fund's cash available for reinvestment in higher yielding securities. The timely payment of principal and interest of certain mortgage-related securities is guaranteed with the full faith and credit of the U.S. Government. Pools created and guaranteed by non-governmental issuers, including government-sponsored corporations (e.g. FNMA), may be supported by various forms of insurance or guarantees, but there can be no assurance that private insurers or guarantors can meet their obligations under the insurance policies or guarantee arrangements. The fund is also subject to risks associated with securities with contractual cash flows including asset-backed and mortgage related securities such as collateralized mortgage obligations, mortgage pass-through securities and commercial mortgage-backed securities. The value, liquidity and related income of these securities are sensitive to changes in economic conditions, including real estate value, pre-payments, delinquencies and/or defaults, and may be adversely affected by shifts in the market's perception of the issuers and changes in interest rates.

For additional information on the fund's significant accounting policies, please refer to the fund's most recent semiannual or annual shareholder report.

       20

More information

     
How to contact us
Internet www.jhinvestments.com  
Mail Computershare
P.O. Box 30170
College Station, TX 77842-3170		  
Phone Customer service representatives
Portfolio commentary
24-hour automated information
TDD line		 800-852-0218
800-344-7054
800-843-0090
800-231-5469

     
  P6Q1 01/19
This report is for the information of the shareholders of John Hancock Income Securities Trust.   3/19

ITEM 2. CONTROLS AND PROCEDURES.

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

(b) There were no changes in the registrant's internal control over financial reporting that occurred during the registrant's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.

ITEM 3. EXHIBITS.
Separate certifications for the registrant's principal executive officer and principal accounting officer, as required by Rule 30a-2(a) under the Investment Company Act of 1940, are attached.

SIGNATURES

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

John Hancock Income Securities Trust
   
By: /s/ Andrew G. Arnott
Andrew G. Arnott
President
 
 
Date:     March 20, 2019

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

By: /s/ Andrew G. Arnott
Andrew G. Arnott
President
 
 
Date:     March 20, 2019
 
 
By: /s/ Charles A. Rizzo
Charles A. Rizzo
Chief Financial Officer
 
 
Date: March 20, 2019