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)
101 Huntington Avenue, Boston, Massachusetts 02199
(Address of principal executive offices) (Zip code)
Susan S. Newton, Secretary
101 Huntington Avenue
Boston, Massachusetts 02199
(Name and address of agent for service)
Registrant's telephone number, including area code: 617-375-1702
Date of fiscal year end: December 31
Date of reporting period: September 30, 2004
ITEM 1. SCHEDULE OF INVESTMENTS
JOHN HANCOCK
Income Securities Trust
9.30.2004
Quarterly Portfolio Holdings
[A 2" x 1" John Hancock (Signature)/John Hancock Funds logo in lower,
center middle of page. A tag line below reads "JOHN HANCOCK FUNDS."]
John Hancock
Income Securities Trust
Securities owned by the fund on
September 30, 2004 (unaudited)
Interest Maturity Credit Par value
Issuer, description rate (%) date rating (A) ($000) Value
Bonds 90.18% $162,202,562
(Cost $157,416,563)
Aerospace & Defense 0.67% 1,198,202
Jet Equipment Trust,
Equipment Trust Ctf Ser 95B2 (B)(H)(S) 10.910 08-15-2014 D 550 2,750
Raytheon Co.,
Note 8.300 03-01-2010 BBB- 1,000 1,195,452
Agricultural Products 1.23% 2,215,021
Bunge Limited Finance Corp.,
Gtd Note (L) 4.375 12-15-2008 BBB 1,250 1,258,946
Corn Products International, Inc.,
Sr Note 8.450 08-15-2009 BBB- 835 956,075
Airlines 1.53% 2,752,043
American Airlines, Inc.,
Pass Thru Ctf Ser 2001-2 (L) 7.858 10-01-2011 A- 1,000 993,946
Continental Airlines, Inc.,
Pass Thru Ctf Ser 1999-1A 6.545 02-02-2019 A- 1,589 1,533,914
Northwest Airlines Corp.,
Pass Thru Ctf Ser 1996-1C 10.150 01-02-2005 CCC+ 32 30,675
Pass Thru Ctf Ser 1996-1D 8.970 01-02-2015 CCC+ 284 193,508
Apparel Retail 0.35% 630,875
Gap, Inc. (The),
Note (L) 10.300 12-15-2008 BB+ 515 630,875
Asset Management & Custody Banks 0.84% 1,513,229
Rabobank Capital Fund II,
Perpetual Bond (5.260% to 12-31-13 then variable) (S) 5.260 12-29-2049 AA 1,500 1,513,229
Auto Parts & Equipment 0.27% 493,072
American Axle & Manufacturing, Inc.,
Sr Note 5.250 02-11-2014 BBB 500 493,072
Automobile Manufacturers 0.17% 307,771
Ford Motor Co.,
Deb 9.980 02-15-2047 BBB- 250 307,771
Brewers 0.55% 991,821
Fosters Financial Corp.,
Note (S) 4.875 10-01-2014 BBB+ 1,000 991,821
Broadcasting & Cable TV 5.04% 9,063,884
AT&T Broadband Corp.,
Gtd Note 8.375 03-15-2013 BBB 1,020 1,235,210
British Sky Broadcasting Group Plc,
Gtd Sr Note (United Kingdom) 8.200 07-15-2009 BBB- 945 1,101,221
Clear Channel Communications, Inc.,
Note 4.250 05-15-2009 BBB- 1,000 990,883
Note 5.500 09-15-2014 BBB- 375 373,030
Continental Cablevision, Inc.,
Deb 9.500 08-01-2013 BBB 660 722,760
Cox Enterprises, Inc.,
Note (S) 7.875 09-15-2010 BBB 380 418,728
Grupo Televisa S.A.,
Note (Mexico) 8.000 09-13-2011 BBB- 1,855 2,123,975
Innova S. de R.L.,
Sr Note (Mexico) 12.875 04-01-2007 B+ 38 39,398
Rogers Cablesystems Ltd.,
Sr Note Ser B (Canada) 10.000 03-15-2005 BBB- 445 457,794
TCI Communications, Inc.,
Sr Deb 9.800 02-01-2012 BBB 860 1,096,538
XM Satellite Radio, Inc.,
Sr Sec Note, Step Coupon (Zero to 12-31-05 then 14.000%) (O) Zero 12-31-2009 CCC+ 509 504,347
Building Products 1.77% 3,178,259
KB Home,
Sr Note 5.750 02-01-2014 BB+ 1,000 995,000
Pulte Homes Inc.,
Note 6.250 02-15-2013 BBB- 1,000 1,068,028
Toll Brothers, Inc.,
Gtd Sr Note 6.875 11-15-2012 BBB- 1,000 1,115,231
Casinos & Gaming 0.71% 1,284,320
Chukchansi Economic Development Auth.,
Sr Note (G)(S) 14.500 06-15-2009 Caa1 500 625,000
Waterford Gaming LLC,
Sr Note (S) 8.625 09-15-2012 B+ 622 659,320
Commodity Chemicals 0.76% 1,360,901
RPM International, Inc.,
Sr Note 6.250 12-15-2013 BBB 1,300 1,360,901
Consumer Finance 4.24% 7,621,326
Capital One Financial Corp.,
Sr Note 6.250 11-15-2013 BBB- 1,000 1,073,768
Ford Motor Credit Co.,
Note 7.375 10-28-2009 BBB- 1,625 1,779,919
General Motors Acceptance Corp.,
Note 7.250 03-02-2011 BBB 3,000 3,203,115
Household Finance Corp.,
Note 6.750 05-15-2011 A 1,390 1,564,524
Department Stores 0.76% 1,362,000
Penney J.C. Co., Inc.,
Deb 7.650 08-15-2016 BB+ 1,200 1,362,000
Diversified Banks 3.27% 5,878,324
Bank of New York,
Cap Security (S) 7.780 12-01-2026 A- 650 727,035
Barclays Bank Plc,
Perpetual Bond (6.860% to 6-15-32 then variable) (United Kingdom)
(S) 6.860 09-29-2049 A+ 1,600 1,761,379
Mizuho Financial Group Cayman Ltd.,
Gtd Note (Cayman Islands) 8.375 12-29-2049 Baa1 750 811,411
Royal Bank of Scotland Group Plc,
Perpetual Bond (7.648% to 09-30-31 then variable) (United
Kingdom) 7.648 08-29-2049 A 650 775,368
Wachovia Corp.,
Sub Note 5.250 08-01-2014 A- 1,000 1,022,240
Woori Bank
Sub Deb (5.750% to 03-13-09 then variable) (South Korea) (S) 5.750 03-13-2014 BBB- 750 780,891
Diversified Chemicals 2.05% 3,686,714
NOVA Chemicals Corp.,
Med Term Note (Canada) 7.400 04-01-2009 BB+ 2,045 2,213,713
Sr Note (Canada) 7.000 05-15-2006 BB+ 280 294,000
Potash Corp. of Saskatchewan, Inc.,
Note (Canada) 7.750 05-31-2011 BBB+ 1,000 1,179,001
Diversified Commercial Services 1.17% 2,106,381
Brascan Corp.,
Note (Canada) 5.750 03-01-2010 A- 1,010 1,068,943
Hutchison Whampoa International Ltd.,
Gtd Note (U.S. Virgin Islands) (S) 6.500 02-13-2013 A- 750 789,938
Sotheby's Holdings, Inc.,
Note 6.875 02-01-2009 B+ 250 247,500
Electric Utilities 8.93% 16,062,285
AES Eastern Energy L.P.,
Pass Thru Ctf Ser 1999A 9.000 01-02-2017 BB+ 391 440,705
Beaver Valley Funding Corp.,
Sec Lease Obligation Bond 9.000 06-01-2017 BB+ 513 599,454
BVPS II Funding Corp.,
Collateralized Lease Bond 8.890 06-01-2017 BB+ 700 807,002
CalEnergy Co., Inc.,
Sr Bond 8.480 09-15-2028 BBB- 550 697,913
El Paso Electric Co.,
1st Mtg Ser E 9.400 05-01-2011 BBB 1,000 1,123,026
Empresa Electrica Guacolda S.A.,
Sr Sec Note (Chile) (S) 8.625 04-30-2013 BBB- 900 1,012,812
Exelon Generation Co., LLC,
Note 5.350 01-15-2014 A- 1,000 1,021,254
HQI Transelect Chile S.A.,
Sr Note (Chile) 7.875 04-15-2011 A- 1,230 1,429,400
IPALCO Enterprises, Inc.,
Sr Sec Note 8.625 11-14-2011 BB- 325 367,250
Midland Funding Corp. II,
Deb Ser B 13.250 07-23-2006 BB- 2,225 2,513,091
Monterrey Power S.A. de C.V.,
Sr Sec Bond (Mexico) (S) 9.625 11-15-2009 BBB- 514 612,043
PNPP II Funding Corp.,
Deb 9.120 05-30-2016 BB+ 495 584,268
PPL Capital Funding,
Gtd Sr Note Ser A 4.330 03-01-2009 BBB- 1,000 988,129
System Energy Resources, Inc.,
Sec Bond (S) 5.129 01-15-2014 BBB 500 504,765
TransAlta Corp.,
Note (Canada) 5.750 12-15-2013 BBB- 2,000 2,054,548
Waterford 3 Funding Corp.,
Sec Lease Obligation Bond 8.090 01-02-2017 BBB- 1,154 1,306,625
Electrical Components & Equipment 1.62% 2,914,373
AMETEK, Inc.,
Sr Note 7.200 07-15-2008 BBB 1,500 1,638,087
Jabil Circuit, Inc.,
Sr Note (L) 5.875 07-15-2010 BB+ 1,220 1,276,286
Environmental Services 0.62% 1,109,335
Allied Waste North America, Inc.,
Gtd Sr Sub Note Ser B 10.000 08-01-2009 B+ 1,054 1,109,335
Food Retail 0.95% 1,713,036
Delhaize America, Inc.,
Gtd Note 8.125 04-15-2011 BB+ 1,500 1,713,036
Foreign Government 0.91% 1,636,545
Colombia, Republic of,
Note (Colombia) 10.000 01-23-2012 BB 750 831,000
Mexican States, United
Global Med Term Note Ser A (Mexico) 6.375 01-16-2013 BBB- 765 805,545
Gas Utilities 2.05% 3,683,690
CenterPoint Energy Resources Corp.,
Sr Note Ser B 7.875 04-01-2013 BBB 585 689,580
Duke Capital LLC,
Sr Note 8.000 10-01-2019 BBB- 750 896,914
Korea Gas Corp.,
Sr Unsub Note (South Korea) (S) 4.750 11-26-2010 A- 1,000 1,006,828
Magellan Midstream Partners, L.P.,
Note 6.450 06-01-2014 BBB 500 525,647
NorAm Energy Corp.,
Deb 6.500 02-01-2008 BBB 525 564,721
Health Care Facilities 1.16% 2,078,888
HCA, Inc.,
Note 5.250 11-06-2008 BBB- 1,000 1,023,921
Note 8.750 09-01-2010 BBB- 900 1,054,967
Highways & Railtracks 1.14% 2,056,596
CSX Corp.,
Sr Note 4.875 11-01-2009 BBB 2,000 2,056,596
Hotels, Resorts & Cruise Lines 2.50% 4,504,248
Harrah's Operating Co., Inc.,
Gtd Sr Note (S) 5.500 07-01-2010 BBB- 755 780,122
Gtd Sr Sub Note 7.875 12-15-2005 BB+ 745 786,906
Hyatt Equities LLC,
Note (S) 6.875 06-15-2007 BBB 1,060 1,131,033
Meditrust,
Note 7.000 08-15-2007 BB- 1,710 1,806,187
Industrial Machinery 2.07% 3,720,534
Kennametal, Inc.,
Sr Note 7.200 06-15-2012 BBB 1,405 1,532,904
Manitowoc Co., Inc., (The),
Sr Note 7.125 11-01-2013 B+ 500 528,750
Tyco International Group S.A.,
Gtd Note (Luxembourg) 6.375 10-15-2011 BBB 1,500 1,658,880
Insurance Brokers 0.56% 1,010,074
Mantis Reef Ltd.,
Note (Australia) (S) 4.692 11-14-2008 A- 1,000 1,010,074
Investment Banking & Brokerage 2.39% 4,297,474
Citigroup, Inc.,
Sub Note 6.000 10-31-2033 A+ 560 567,711
Merrill Lynch & Co., Inc.,
Med Term Note Ser C 5.450 07-15-2014 A+ 1,500 1,551,592
Morgan Stanley,
Sub Note 4.750 04-01-2014 A 2,250 2,178,171
IT Consulting & Other Services 0.24% 432,506
NCR Corp.,
Note 7.125 06-15-2009 BBB- 390 432,506
Leisure Products 0.57% 1,034,231
Brunswick Corp.,
Note 5.000 06-01-2011 BBB+ 1,000 1,034,231
Metal & Glass Containers 0.30% 532,500
Owens-Brockway Glass Container, Inc.,
Gtd Sr Note 8.250 05-15-2013 B 500 532,500
Multi-Line Insurance 0.62% 1,116,126
Assurant, Inc.,
Note 5.625 02-15-2014 BBB+ 510 523,330
Massachusetts Mutual Life Insurance Co.,
Surplus Note (S) 7.625 11-15-2023 AA 485 592,796
Multi-Media 1.15% 2,062,049
News America Holdings, Inc.,
Gtd Sr Deb 8.250 08-10-2018 BBB- 540 667,278
Time Warner, Inc.,
Deb 9.125 01-15-2013 BBB+ 1,114 1,394,771
Office Services & Supplies 1.78% 3,204,478
Office Depot, Inc.,
Note 6.250 08-15-2013 BBB- 2,000 2,141,574
Steelcase, Inc.,
Sr Note 6.375 11-15-2006 BBB- 1,020 1,062,904
Oil & Gas Exploration & Production 4.53% 8,157,641
Alberta Energy Co. Ltd.,
Note (Canada) 8.125 09-15-2030 A- 725 925,080
Canadian Oil Sands Ltd.,
Note (Canada) (S) 4.800 08-10-2009 BBB+ 1,000 1,014,183
Occidental Petroleum Corp.,
Sr Deb 10.125 09-15-2009 BBB+ 1,160 1,457,943
Pemex Project Funding Master Trust,
Gtd Note 9.125 10-13-2010 BBB- 1,115 1,326,850
Salton Sea Funding Corp.,
Sr Sec Note Ser C 7.840 05-30-2010 BB+ 1,591 1,693,237
TEPPCO Partners, L.P.,
Gtd Sr Note 7.625 02-15-2012 BBB 1,500 1,740,348
Oil & Gas Refining & Marketing 0.56% 1,007,603
Enterprise Products Operations, L.P.,
Sr Note (S) 5.600 10-15-2014 BB+ 1,000 1,007,603
Other Diversified Financial Services 1.05% 1,885,276
Glencore Funding LLC,
Gtd Note (S) 6.000 04-15-2014 BBB 1,000 969,848
Humpuss Funding Corp.,
Note (S) 7.720 12-15-2009 B2 231 208,559
St. George Funding Co.,
Perpetual Bond (8.485% to 06-30-17 then variable) (Australia) (S) 8.485 12-31-2049 BBB+ 615 706,869
Paper Packaging 1.51% 2,718,075
Sealed Air Corp.,
Sr Note (S) 5.375 04-15-2008 BBB 1,245 1,299,937
Stone Container Corp.,
Sr Note 9.750 02-01-2011 B 285 315,638
Sr Note 8.375 07-01-2012 B 1,000 1,102,500
Paper Products 3.47% 6,235,299
Abitibi-Consolidated Co.,
Gtd Sr Note (Canada) 6.950 12-15-2006 BB 2,000 2,065,000
Boise Cascade Corp.,
Sr Note 6.500 11-01-2010 BB 1,085 1,209,775
International Paper Co.,
Note (L) 5.850 10-30-2012 BBB 2,000 2,113,024
MDP Acquisitions Plc,
Sr Note (Ireland) 9.625 10-01-2012 B 750 847,500
Pharmaceuticals 1.81% 3,258,124
Medco Health Solutions, Inc.,
Sr Note (L) 7.250 08-15-2013 BBB 1,550 1,727,735
Wyeth,
Note 5.500 03-15-2013 A 1,500 1,530,389
Property & Casualty Insurance 0.57% 1,019,007
Ohio Casualty Corp.,
Note 7.300 06-15-2014 BB 750 791,476
URC Holdings Corp.,
Sr Note (S) 7.875 06-30-2006 AA- 210 227,531
Real Estate Investment Trusts 1.02% 1,834,663
Healthcare Realty Trust, Inc.,
Sr Note 8.125 05-01-2011 BBB- 175 204,516
ProLogis Trust,
Sr Note 7.050 07-15-2006 BBB+ 510 543,944
Spieker Properties, Inc., L.P.,
Note 7.125 12-01-2006 BBB+ 1,000 1,086,203
Real Estate Management & Development 0.32% 571,571
Socgen Real Estate Co. LLC,
Perpetual Bond Ser A (7.640% to 09-30-07 then variable) (S) 7.640 12-29-2049 A 515 571,571
Regional Banks 0.32% 581,669
Greater Bay Bancorp.,
Sr Note Ser B 5.250 03-31-2008 BBB- 565 581,669
Soft Drinks 0.62% 1,115,000
Panamerican Beverages, Inc.,
Sr Note (Panama) 7.250 07-01-2009 BBB 1,000 1,115,000
Telecommunication Services 7.07% 12,718,366
AT&T Corp.,
Sr Note 8.050 11-15-2011 BB+ 1,730 1,935,437
BellSouth Corp.,
Bond 5.200 09-15-2014 A 350 353,263
Deutsche Telekom International Finance B.V.,
Bond (Coupon rate step up/down on rating) (Netherlands) 8.500 06-15-2010 BBB+ 1,005 1,204,581
France Telecom S.A.,
Note (France) 8.500 03-01-2011 BBB+ 1,150 1,376,642
Qwest Capital Funding, Inc.,
Gtd Note 7.000 08-03-2009 B 1,000 915,000
Sprint Capital Corp.,
Gtd Sr Note 7.625 01-30-2011 BBB- 1,000 1,155,331
Note 6.875 11-15-2028 BBB- 820 860,092
Telecom Italia Capital,
Gtd Class B Note (Luxembourg) (S) 5.250 11-15-2013 BBB+ 1,500 1,528,301
Telefonos de Mexico S.A. de C.V.,
Note (Mexico) 4.500 11-19-2008 BBB- 1,750 1,755,143
Telus Corp.,
Note (Canada) 8.000 06-01-2011 BBB 1,395 1,634,576
Telecommunications Equipment 0.81% 1,448,410
Corning, Inc.,
Med Term Note 8.300 04-04-2025 BB+ 1,150 1,198,129
Note 6.300 03-01-2009 BB+ 240 250,281
Thrifts & Mortgage Finance 8.81% 15,854,350
Ameriquest Mortgage Securities, Inc.,
Pass Thru Ctf Ser 2003-IA1 Class A4 4.965 11-25-2033 AAA 2,000 2,026,756
Bear Stearns Commericial Mortgage Securities, Inc.,
Commercial Sub Bond Ser 2004-ESA Class C (S) 4.937 05-14-2016 AA 1,000 1,024,417
Centex Home Equity Loan Trust,
Home Equity Loan Asset-Backed Ctf Ser 2004-A Class AF4 4.510 08-25-2032 AAA 2,000 2,014,531
ContiMortgage Home Equity Loan Trust,
Pass Thru Ctf Ser 1995-2 Class A-5 8.100 08-15-2025 AAA 240 240,033
Countrywide Alternative Loan Trust,
Ser 2004-24 Class 1A1 6.000 11-25-2034 AAA 1,380 1,417,734
Credit-Based Asset Servicing and Securitization LLC,
Mtg Asset Backed Ctf Ser 2004-CB4 Class A3 4.632 05-25-2035 AAA 1,000 1,006,160
Deutsche Mortgage & Asset Receiving Corp.,
Commercial Mtg Pass Thru Ctf Ser 1998-C1 Class C 6.861 06-15-2031 A2 415 455,751
DLJ Mortgage Acceptance Corp.
Commercial Mtg Pass Thru Ctf Ser 1996-CF1 Class B1 (S) 8.311 03-13-2028 A 1,535 1,638,219
Global Signal Trust,
Sub Bond Ser 2004-1A Class D (S) 5.098 01-15-2034 BBB 2,000 1,971,616
LB-UBS Commercial Mortgage Trust,
Commercial Mtg Pass Thru Ctf Ser 2003-C3 Class A4 4.166 05-15-2032 AAA 1,000 970,926
MBNA Master Credit Card Trust,
Sub Bond Ser 1998-E Class C (S) 6.600 09-15-2010 BBB 1,000 1,079,807
WFS Financial Owner Trust,
Pass Thru Ctf Ser 2004-3 Class A3 3.300 03-17-2009 AAA 2,000 2,008,400
Tobacco 0.48% 865,991
Altria Group, Inc.,
Note 7.000 11-04-2013 BBB 830 865,991
Trucking 0.32% 573,848
CNF, Inc.,
Sr Deb Ser B 6.700 05-01-2034 BBB- 560 573,848
Wireless Telecommunication Services 1.97% 3,544,558
America Movil S.A. de C.V.,
Gtd Note (Mexico) (S) 5.500 03-01-2014 BBB- 765 739,359
AT&T Wireless Services, Inc.,
Note 8.125 05-01-2012 BBB 1,525 1,842,699
Mobile Telesystems Finance S.A.,
Gtd Sr Note (Luxembourg) (S) 9.750 01-30-2008 BB- 400 425,000
Nextel Communications, Inc.,
Sr Note 7.375 08-01-2015 BB 500 537,500
Credit
Issuer, description rating (A) Shares Value
Preferred stocks 7.92% $14,242,732
(Cost $14,083,592)
Auto Parts & Equipment 0.79% 1,421,200
Delphi Trust I, 8.25% BB 55,000 1,421,200
Broadcasting & Cable TV 0.58% 1,048,000
Viacom, Inc., 7.25% A- 40,000 1,048,000
Diversified Banks 2.82% 5,065,782
Abbey National Plc, 7.375% (United Kingdom) A- 41,300 1,100,232
Bank One Capital Trust VI, 7.20% BBB+ 55,000 1,463,000
Fleet Capital Trust VII, 7.20% A- 55,000 1,443,750
USB Capital IV, 7.35% A- 40,000 1,058,800
Electric Utilities 1.21% 2,168,600
Ameren Corp., 9.75%, Conv BBB+ 20,000 549,200
DTE Energy Co., 8.75%, Conv BBB 20,000 517,000
PSEG Funding Trust II, 8.75% BB+ 40,000 1,102,400
Gas Utilities 0.59% 1,060,000
KeySpan Corp., 8.75%, Conv A 20,000 1,060,000
Integrated Telecommunication Services 0.58% 1,053,200
Telephone & Data Systems, Inc., 7.60%, Ser A A- 40,000 1,053,200
Investment Banking & Brokerage 0.59% 1,054,800
Citigroup Capital VII, 7.125% A 40,000 1,054,800
Real Estate Investment Trusts 0.76% 1,371,150
Apartment Investment & Management Co., 8.00%, Ser T B+ 55,000 1,371,150
Interest Maturity Credit Par value
Issuer, description rate (%) date rating (A) ($000) Value
U.S. government and agencies securities 49.21% $88,516,214
(Cost $87,138,131)
Government U.S. 13.52% 24,323,801
United States Treasury,
Bond (L) 8.875 08-15-2017 AAA 1,215 1,733,273
Bond (L) 9.125 05-15-2018 AAA 495 724,034
Bond (L) 5.375 02-15-2031 AAA 3,875 4,151,094
Note (L) 6.000 08-15-2009 AAA 3,345 3,739,345
Note (L) 4.750 05-15-2014 AAA 4,670 4,902,043
Note (L) 4.250 08-15-2014 AAA 8,980 9,074,012
Government U.S. Agency 35.69% 64,192,413
Federal Home Loan Mortgage Corp.,
20 Yr Pass Thru Ctf 11.250 01-01-2016 AAA 48 53,465
30 Yr Pass Thru Ctf 5.500 04-01-2033 AAA 2,385 2,422,999
30 Yr Pass Thru Ctf (M) 6.000 08-01-2034 AAA 11,025 11,401,906
CMO REMIC 2563-PA 4.250 03-15-2031 AAA 946 939,405
Note 4.250 07-15-2009 AAA 2,000 2,045,840
Federal National Mortgage Assn.,
15 Yr Pass Thru Ctf 7.500 02-01-2008 AAA 5 5,442
15 Yr Pass Thru Ctf 7.000 09-01-2010 AAA 61 65,501
15 Yr Pass Thru Ctf 7.000 09-01-2012 AAA 10 11,610
15 Yr Pass Thru Ctf 7.000 02-01-2016 AAA 1,636 1,736,858
15 Yr Pass Thru Ctf (M) 5.000 10-01-2017 AAA 3,915 3,976,172
15 Yr Pass Thru Ctf 7.000 04-01-2017 AAA 82 87,813
15 Yr Pass Thru Ctf 5.000 08-01-2019 AAA 1,085 1,103,731
30 Yr Pass Thru Ctf 5.500 04-01-2033 AAA 1,202 1,224,810
30 Yr Pass Thru Ctf 6.000 12-01-2033 AAA 9,768 10,121,408
30 Yr Pass Thru Ctf 6.000 01-01-2034 AAA 11,897 12,344,044
30 Yr Pass Thru Ctf 7.000 02-01-2034 AAA 1,149 1,219,489
30 Yr Pass Thru Ctf (M) 5.500 10-15-2034 AAA 1,240 1,256,275
30 Yr Pass Thru Ctf (M) 6.000 10-15-2034 AAA 6,560 6,783,447
30 Yr Pass Thru Ctf (M) 6.500 10-15-2034 AAA 1,380 1,447,275
CMO REMIC 2003-16-PD 5.000 10-25-2016 AAA 1,340 1,364,452
CMO REMIC 2003-17-QT 5.000 08-25-2027 AAA 1,675 1,676,608
Financing Corp.,
Bond 9.400 02-08-2018 AAA 2,000 2,863,426
Government National Mortgage Assn.,
30 Yr Pass Thru Ctf 9.500 11-15-2019 AAA 0 518
30 Yr Pass Thru Ctf 10.000 11-15-2020 AAA 10 12,248
30 Yr Pass Thru Ctf 9.500 01-15-2021 AAA 11 12,706
30 Yr Pass Thru Ctf 9.500 02-15-2025 AAA 13 14,965
Interest Credit Par value
Issuer, description, maturity date rate (%) rating (A) ($000) Value
Short-term investments 8.79% $15,820,000
(Cost $15,820,000)
Government U.S. Agency 8.78% 15,800,000
Federal Home Loan Bank,
Discount Note 10-01-04 Zero AAA 15,800 15,800,000
Joint Repurchase Agreement 0.01% 20,000
Investment in a joint repurchase agreement transaction with
Barclays Capital, Inc. - Dated 09-30-04, due 10-01-04 (Secured by
U.S. Treasury Inflation Indexed Bond 3.875%, due 04-15-29) 1.760 20 20,000
Total investments 156.10% $280,781,508
Other assets and liabilities, net (56.10%) ($100,913,084)
Total net assets 100.00% $179,868,424
(A) Credit ratings are unaudited and are rated by Moody's Investors
Service, where Standard & Poor's ratings are not available.
(B) This security is fair valued in good faith under procedures
established by the Board of Trustees.
(G) Security rated internally by John Hancock Advisers, LLC.
(H) Non-income-producing issuer filed for protection under the Federal
Bankruptcy Code or is in default of interest payment.
(L) All or a portion of this security is on loan on September 30, 2004.
(M) A portion of these securities having an aggregate value of
$23,232,862, or 12.92% of the Fund's net assets, have been purchased
as forward commitments--that is, the Fund has agreed on trade date to
take delivery of and to make payment for these securities on a delayed
basis subsequent to the date of this schedule. The purchase price and
interest rate of these securities are fixed at trade date, although
the Fund does not earn any interest on these until settlement date.
The Fund has segregated assets with a current value at least equal to
the amount of the forward commitments.
Accordingly, the market value of $23,746,186 of Federal National
Mortgage Assn., 6.000%, 12-01-33 and Federal National Mortgage Assn.,
6.000%, 01-01-34 has been segregated to cover the forward commitments.
(O) Cash interest will be paid on this obligation at the stated rate
beginning on the stated date.
(S) 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 $29,333,384 or 16.31%
of net assets as of September 30, 2004.
Parenthetical disclosure of a foreign country in the security
description represents country of a foreign issuer, however, security
is U.S. dollar denominated.
The percentage shown for each investment category is the total value
of that category as a percentage of the net assets of the Fund.
The cost of investments owned on September 30, 2004, including
short-term investments, was $274,458,286.
Gross unrealized appreciation and depreciation of investments
aggregated $8,002,687 and ($2,261,327), respectively, resulting in net
unrealized appreciation of $5,741,360.
For more information
Trustees
Charles L. Ladner, Chairman*
Dennis S. Aronowitz
Richard P. Chapman, Jr.
William J. Cosgrove
Richard A. Farrell
William F. Glavin*
Dr. John A. Moore*
Patti McGill Peterson*
John W. Pratt
James A. Shepherdson
*Members of the Audit Committee
Officers
James A. Shepherdson
President and Chief Executive Officer
Susan S. Newton
Senior Vice President and Secretary
William H. King
Vice President and Treasurer
Investment Adviser
John Hancock Advisers, LLC
101 Huntington Avenue
Boston, Massachusetts 02199-7603
Custodian
The Bank of New York
One Wall Street
New York, New York 10286
Transfer Agent and Registrar
Mellon Investor Services
85 Challenger Road
Overpeck Centre
Ridgefield Park, New Jersey 07660
Transfer Agent for APS
Deutsche Bank Trust Company Americas
280 Park Avenue
New York, New York 10017
Legal Counsel
Wilmer Cutler Pickering Hale and Dorr LLP
60 State Street
Boston, Massachusetts 02109-1803
Stock Symbol
Listed New York Stock Exchange: JHS
How to contact us
Internet www.jhfunds.com
Mail Regular mail:
Mellon Investor Services
85 Challenger Road
Overpeck Centre
Ridgefield Park, NJ 07660
Phone Customer service representatives 1-800-852-0218
Portfolio commentary 1-800-344-7054
24-hour automated information 1-800-843-0090
TDD line 1-800-231-5469
This report is for the information of the shareholders of
the John Hancock Income Securities Trust.
P60Q3 9/04
11/04
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:
------------------------------
James A. Shepherdson
President and Chief Executive Officer
Date: November 23, 2004
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:
------------------------------
James A. Shepherdson
President and Chief Executive Officer
Date: November 23, 2004
By:
------------------------------
William H. King
Vice President and Treasurer
Date: November 23, 2004