JOHN HANCOCK VARIABLE INSURANCE TRUST (Form: N

SECURITIES AND EXCHANGE COMMISSION
FORM N-Q
Quarterly schedule of portfolio holdings of registered management investment company filed on
Form N-Q
Filing Date: 2011-05-27 | Period of Report: 2011-03-31
SEC Accession No. 0000928816-11-000721
(HTML Version on secdatabase.com)
FILER
JOHN HANCOCK VARIABLE INSURANCE TRUST
CIK:756913| IRS No.: 000000000 | State of Incorp.:MA | Fiscal Year End: 0630
Type: N-Q | Act: 40 | File No.: 811-04146 | Film No.: 11877682
Mailing Address
601 CONGRESS STREET
BOSTON MA 02210
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Business Address
601 CONGRESS STREET
BOSTON MA 02210
617-663-3000
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number:
811-04146
JOHN HANCOCK VARIABLE INSURANCE TRUST
(Exact name of registrant as specified in charter)
601 CONGRESS STREET, BOSTON, MA 02210
(Address of principal executive offices) (Zip code)
MICHAEL J. LEARY, 601 CONGRESS STREET, BOSTON, MA 02210
(Name and address of agent for service)
Registrant’s telephone number, including area code: 617-663-4490
Date of fiscal year end: December 31
Date of reporting period: March 31, 2011
Item 1. Schedule of Investments.
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
500 Index Trust
Shares or
Principal
Amount
Value
COMMON STOCKS - 98.86%
Consumer Discretionary - 10.32%
Auto Components - 0.26%
Johnson Controls, Inc.
364,672
The Goodyear Tire & Rubber Company (I)(L)
130,814
$
15,159,415
1,959,594
17,119,009
Automobiles - 0.55%
Ford Motor Company (I)
2,036,545
30,364,886
Harley-Davidson, Inc. (L)
126,800
5,387,732
35,752,618
Distributors - 0.07%
Genuine Parts Company
84,880
4,552,963
Apollo Group, Inc., Class A (I)
66,277
2,764,414
DeVry, Inc.
33,177
1,827,057
H&R Block, Inc. (L)
164,343
2,751,102
Diversified Consumer Services - 0.11%
7,342,573
Hotels, Restaurants & Leisure - 1.60%
Carnival Corp.
232,348
8,912,869
Darden Restaurants, Inc.
74,346
3,652,619
International Game Technology (L)
160,868
2,610,888
Marriott International, Inc., Class A
156,492
5,567,985
McDonald’s Corp.
561,694
42,739,296
Starbucks Corp.
401,634
14,840,376
Resorts Worldwide, Inc. (L)
103,459
6,013,037
Wyndham Worldwide Corp.
93,282
2,967,300
Wynn Resorts, Ltd.
40,927
5,207,961
Yum! Brands, Inc.
251,665
12,930,548
Starwood Hotels &
105,442,879
Household Durables - 0.41%
D.R. Horton, Inc. (L)
151,295
1,762,587
Fortune Brands, Inc.
82,600
5,112,114
Harman International Industries, Inc.
37,509
1,756,171
Leggett & Platt, Inc. (L)
78,821
1,931,115
Lennar Corp., Class A (L)
86,516
1,567,670
Newell Rubbermaid, Inc.
156,452
2,992,927
Pulte Group, Inc. (I)(L)
180,990
1,339,326
Stanley Black & Decker, Inc.
90,020
6,895,532
Whirlpool Corp. (L)
40,942
3,494,809
26,852,251
Internet & Catalog Retail - 0.85%
Amazon.com, Inc. (I)
191,822
34,552,897
Expedia, Inc. (L)
107,714
2,440,799
Netflix, Inc. (I)
23,635
5,609,295
priceline.com, Inc. (I)
26,462
13,401,415
56,004,406
Leisure Equipment & Products - 0.12%
Hasbro, Inc.
73,771
3,455,434
Mattel, Inc.
187,724
4,679,959
8,135,393
Media - 3.26%
Cablevision Systems Corp., Class A
125,211
4,333,553
CBS Corp., Class B
362,010
9,064,730
Comcast Corp., Class A
1,494,818
36,951,901
DIRECTV, Class A (I)
427,215
19,993,662
Communications, Inc., Series A (I)(L)
151,589
6,048,401
Gannett Company, Inc. (L)
129,045
1,965,355
Discovery
News Corp., Class A
1,229,523
21,590,424
Omnicom Group, Inc.
152,919
7,502,206
500 Index Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Media (continued)
Scripps Networks Interactive, Inc., Class A (L)
48,790
The Interpublic Group of Companies, Inc.
263,375
$
2,443,891
3,310,624
The McGraw-Hill Companies, Inc.
165,108
6,505,255
The Walt Disney Company
1,022,425
44,056,293
The Washington Post Company, Class B (L)
2,853
1,248,359
Time Warner Cable, Inc.
184,873
13,188,840
Time Warner, Inc.
588,363
21,004,559
Viacom, Inc., Class B
321,398
14,951,435
214,159,488
Multiline Retail - 0.74%
Big Lots, Inc. (I)
40,631
1,764,604
Family Dollar Stores, Inc.
68,044
3,492,018
J.C. Penney Company, Inc.
127,435
4,576,191
Kohl’s Corp.
157,416
8,349,345
Macy’s, Inc.
227,898
5,528,805
Nordstrom, Inc.
90,373
4,055,940
Sears Holdings Corp. (I)(L)
23,452
1,938,308
Target Corp.
381,218
19,064,712
48,769,923
Specialty Retail - 1.85%
Abercrombie & Fitch Company, Class A (L)
46,972
2,757,256
AutoNation, Inc. (I)(L)
34,513
1,220,725
AutoZone, Inc. (I)
14,382
3,934,340
Bed Bath & Beyond, Inc. (I)
137,144
6,619,941
Best Buy Company, Inc.
176,149
5,058,999
CarMax, Inc. (I)(L)
121,434
3,898,031
GameStop Corp., Class A (I)(L)
81,508
1,835,560
Home Depot, Inc.
882,313
32,698,520
Limited Brands, Inc.
142,398
4,682,046
Lowe’s Companies, Inc.
742,970
19,636,697
O’Reilly Automotive, Inc. (I)
75,981
4,365,868
RadioShack Corp. (L)
56,951
854,835
Ross Stores, Inc.
64,113
4,559,717
Staples, Inc.
387,348
7,522,298
The Gap, Inc. (L)
234,841
5,321,497
Tiffany & Company (L)
68,051
4,181,053
TJX Companies, Inc.
213,093
10,597,115
Urban Outfitters, Inc. (I)
68,888
2,054,929
121,799,427
Textiles, Apparel & Luxury Goods - 0.50%
Coach, Inc.
159,239
8,286,798
NIKE, Inc., Class B
206,090
15,601,013
Polo Ralph Lauren Corp.
35,214
4,354,211
VF Corp. (L)
46,604
4,591,892
32,833,914
678,764,844
Consumer Staples - 10.10%
Beverages - 2.37%
Brown Forman Corp., Class B (L)
55,499
3,790,582
Coca-Cola Enterprises, Inc.
177,758
4,852,793
Constellation Brands, Inc., Class A (I)
94,725
1,921,023
Dr. Pepper Snapple Group, Inc.
120,585
4,480,939
Molson Coors Brewing Company
85,507
4,009,423
PepsiCo, Inc.
854,145
55,015,479
The Coca-Cola Company
1,235,220
81,956,847
156,027,086
Food & Staples Retailing - 2.21%
Costco Wholesale Corp.
235,018
17,231,520
CVS Caremark Corp.
736,599
25,280,078
Safeway, Inc.
198,233
4,666,405
SUPERVALU, Inc. (L)
114,233
1,020,101
1
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
500 Index Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Food & Staples Retailing (continued)
Sysco Corp.
313,721
The Kroger Company
342,382
$
8,690,072
8,206,897
Wal-Mart Stores, Inc.
1,054,743
54,899,373
Walgreen Company
496,612
19,934,006
Whole Foods Market, Inc.
79,427
5,234,239
145,162,691
Food Products - 1.67%
Archer-Daniels-Midland Company
343,112
12,355,463
Campbell Soup Company (L)
98,272
3,253,786
ConAgra Foods, Inc.
234,584
5,571,370
Dean Foods Company (I)(L)
98,679
986,790
General Mills, Inc.
342,311
12,511,467
H.J. Heinz Company (L)
173,264
8,458,748
Hormel Foods Corp. (L)
74,541
2,075,221
Kellogg Company (L)
135,629
7,321,253
Kraft Foods, Inc., Class A
941,591
29,528,294
McCormick & Company, Inc., Class B
71,586
3,423,958
Mead Johnson Nutrition Company
110,146
6,380,758
Sara Lee Corp.
335,115
5,921,482
The Hershey Company
83,216
4,522,790
The J.M. Smucker Company
64,096
4,575,813
Tyson Foods, Inc., Class A
160,559
3,081,127
109,968,320
Household Products - 2.04%
Clorox Company (L)
74,086
5,191,206
Colgate-Palmolive Company
265,892
21,473,438
Kimberly-Clark Corp.
217,709
14,209,866
The Procter & Gamble Company
1,507,892
92,886,147
133,760,657
Personal Products - 0.19%
Avon Products, Inc.
231,383
6,256,596
The Estee Lauder Companies, Inc., Class A
61,649
5,940,498
12,197,094
Tobacco - 1.62%
Altria Group, Inc.
1,126,294
29,317,433
Lorillard, Inc.
78,361
7,445,079
Philip Morris International, Inc.
967,543
63,499,847
Reynolds American, Inc.
182,065
6,468,769
106,731,128
663,846,976
Energy - 13.10%
Energy Equipment & Services - 2.47%
Baker Hughes, Inc.
233,798
17,167,787
Cameron International Corp. (I)
131,775
7,524,353
Diamond Offshore Drilling, Inc. (L)
37,425
2,907,923
FMC Technologies, Inc. (I)(L)
64,682
6,111,155
Halliburton Company
491,735
24,508,072
Helmerich & Payne, Inc.
57,249
3,932,434
Nabors Industries, Ltd. (I)
154,056
4,680,221
National Oilwell Varco, Inc.
226,697
17,970,271
Noble Corp.
135,823
6,196,245
Rowan Companies, Inc. (I)
68,013
3,004,814
Schlumberger, Ltd.
732,735
68,334,866
162,338,141
Oil, Gas & Consumable Fuels - 10.63%
Anadarko Petroleum Corp.
267,176
21,887,058
Apache Corp.
206,068
26,978,423
Cabot Oil & Gas Corp. (L)
56,141
2,973,789
Chesapeake Energy Corp.
354,058
11,868,024
Chevron Corp.
1,080,776
116,107,766
500 Index Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Oil, Gas & Consumable Fuels (continued)
ConocoPhillips
769,697
$
61,468,002
CONSOL Energy, Inc.
121,802
6,532,241
Denbury Resources, Inc. (I)
215,901
5,267,984
Devon Energy Corp.
229,891
21,097,097
El Paso Corp.
379,431
6,829,758
EOG Resources, Inc.
136,913
16,225,560
EQT Corp.
80,311
4,007,519
Exxon Mobil Corp.
2,669,622
224,595,299
Hess Corp.
161,803
13,787,234
Marathon Oil Corp.
382,402
20,385,851
Massey Energy Company (L)
55,699
3,807,584
Murphy Oil Corp.
103,829
7,623,125
Newfield Exploration Company (I)
72,325
5,497,423
Noble Energy, Inc.
94,619
9,144,926
Occidental Petroleum Corp.
437,623
45,727,227
Peabody Energy Corp.
145,665
10,482,053
Pioneer Natural Resources Company
62,695
6,389,874
QEP Resources, Inc.
94,919
3,848,016
Range Resources Corp. (L)
86,405
5,051,236
Southwestern Energy Company (I)
187,223
8,044,972
Spectra Energy Corp.
349,210
9,491,528
Sunoco, Inc.
64,940
2,960,615
Tesoro Corp. (I)(L)
77,082
2,068,110
The Williams Companies, Inc.
315,606
9,840,595
Valero Energy Corp.
306,324
9,134,582
699,123,471
861,461,612
Financials - 15.57%
Capital Markets - 2.38%
Ameriprise Financial, Inc.
132,716
8,106,293
E*TRADE Financial Corp. (I)
119,116
1,861,783
Federated Investors, Inc., Class B (L)
49,857
1,333,675
Franklin Resources, Inc.
78,062
9,763,995
Invesco, Ltd.
247,862
6,335,353
Janus Capital Group, Inc. (L)
100,188
1,249,344
Legg Mason, Inc.
81,962
2,958,009
Morgan Stanley
832,141
22,734,092
Northern Trust Corp.
130,344
6,614,958
State Street Corp.
270,370
12,150,428
T. Rowe Price Group, Inc.
139,439
9,261,538
The Bank of New York Mellon Corp.
668,576
19,970,365
The Charles Schwab Corp.
537,713
9,694,965
The Goldman Sachs Group, Inc.
280,232
44,408,365
156,443,163
Commercial Banks - 2.85%
BB&T Corp. (L)
373,962
10,265,257
Comerica, Inc. (L)
95,167
3,494,532
Fifth Third Bancorp
494,108
6,858,219
First Horizon National Corp.
141,793
1,589,500
Huntington Bancshares, Inc.
464,808
3,086,325
KeyCorp
474,032
4,209,404
M&T Bank Corp. (L)
64,730
5,726,663
Marshall & Ilsley Corp.
285,408
2,280,410
PNC Financial Services Group, Inc.
282,922
17,821,257
Regions Financial Corp.
677,156
4,916,153
SunTrust Banks, Inc.
269,454
7,771,053
U.S. Bancorp
1,034,742
27,348,231
Wells Fargo & Company
2,836,238
89,908,745
Zions Bancorporation (L)
98,536
2,272,240
187,547,989
Consumer Finance - 0.76%
American Express Company
563,200
25,456,640
2
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
500 Index Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Consumer Finance (continued)
Capital One Financial Corp.
246,227
Discover Financial Services
293,551
$
12,793,955
7,080,450
SLM Corp. (I)
283,678
4,340,273
49,671,318
Diversified Financial Services - 4.12%
Bank of America Corp.
5,449,048
72,635,810
Citigroup, Inc. (I)
15,643,251
69,143,169
CME Group, Inc.
36,079
10,879,622
IntercontinentalExchange, Inc. (I)
39,509
4,880,942
JPMorgan Chase & Company
2,144,650
98,868,365
Leucadia National Corp. (L)
106,553
4,000,000
Moody’s Corp. (L)
107,449
3,643,596
NYSE Euronext
140,625
4,945,781
The NASDAQ OMX Group, Inc. (I)
80,594
2,082,549
271,079,834
Insurance - 3.80%
ACE, Ltd.
180,650
11,688,055
Aflac, Inc.
253,151
13,361,310
American International Group, Inc. (I)(L)
77,334
2,717,517
AON Corp.
179,330
9,497,317
Assurant, Inc.
53,804
2,071,992
Berkshire Hathaway, Inc., Class B (I)
931,908
77,935,466
Chubb Corp. (L)
158,939
9,744,550
Cincinnati Financial Corp. (L)
87,761
2,878,561
Genworth Financial, Inc., Class A (I)
263,747
3,550,035
Hartford Financial Services Group, Inc.
239,437
6,448,038
Lincoln National Corp.
170,020
5,107,401
Loews Corp.
169,277
7,294,146
Marsh & McLennan Companies, Inc.
292,930
8,732,243
MetLife, Inc.
568,074
25,409,950
Principal Financial Group, Inc. (L)
172,722
5,546,103
Prudential Financial, Inc.
261,654
16,112,653
The Allstate Corp.
285,220
9,064,292
The Progressive Corp.
355,355
7,508,651
The Travelers Companies, Inc.
232,071
13,803,583
Torchmark Corp.
41,953
2,789,035
Unum Group
166,728
4,376,610
XL Group PLC
167,442
4,119,073
249,756,581
Real Estate Investment Trusts - 1.52%
Apartment Investment & Management
Company, Class A
63,602
1,619,943
AvalonBay Communities, Inc. (L)
46,347
5,565,348
Boston Properties, Inc. (L)
76,784
7,282,962
Equity Residential (L)
158,274
8,928,236
HCP, Inc.
199,743
7,578,249
Health Care REIT, Inc. (L)
94,824
4,972,571
Host Hotels & Resorts, Inc. (L)
366,334
6,451,142
Kimco Realty Corp. (L)
218,811
4,012,994
Plum Creek Timber Company, Inc. (L)
87,137
3,800,045
ProLogis
307,114
4,907,682
Public Storage
75,243
8,345,201
Simon Property Group, Inc.
159,882
17,132,955
Ventas, Inc. (L)
87,713
4,762,816
Vornado Realty Trust
88,003
7,700,263
Weyerhaeuser Company
289,216
7,114,714
100,175,121
Real Estate Management & Development - 0.06%
CB Richard Ellis Group, Inc., Class A (I)
156,788
4,186,240
283,571
2,744,967
Thrifts & Mortgage Finance - 0.08%
Hudson City Bancorp, Inc. (L)
500 Index Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Thrifts & Mortgage Finance (continued)
People’s United Financial, Inc. (L)
194,895
$
2,451,779
5,196,746
1,024,056,992
Health Care - 10.94%
Biotechnology - 1.26%
Amgen, Inc. (I)
502,017
26,832,809
Biogen Idec, Inc. (I)
129,703
9,518,903
Celgene Corp. (I)
250,293
14,399,356
Cephalon, Inc. (I)(L)
40,771
3,089,626
Genzyme Corp. (I)
140,620
10,708,213
Gilead Sciences, Inc. (I)
428,156
18,170,941
82,719,848
Health Care Equipment & Supplies - 1.86%
Baxter International, Inc.
311,953
16,773,713
Becton, Dickinson & Company
119,045
9,478,363
Boston Scientific Corp. (I)(L)
820,156
5,896,922
C.R. Bard, Inc.
45,786
4,547,008
CareFusion Corp. (I)
120,102
3,386,876
Covidien PLC
265,879
13,809,755
DENTSPLY International, Inc.
76,530
2,830,845
Edwards Lifesciences Corp. (I)
60,915
5,299,605
Intuitive Surgical, Inc. (I)(L)
20,925
6,977,651
Medtronic, Inc.
575,734
22,655,133
St. Jude Medical, Inc.
175,255
8,983,571
Stryker Corp. (L)
181,150
11,013,920
Varian Medical Systems, Inc. (I)(L)
64,632
4,371,708
Zimmer Holdings, Inc. (I)
103,437
6,261,042
122,286,112
Health Care Providers & Services - 2.04%
Aetna, Inc.
207,009
7,748,347
AmerisourceBergen Corp.
147,568
5,837,790
Cardinal Health, Inc.
188,300
7,744,779
CIGNA Corp.
146,028
6,466,120
Coventry Health Care, Inc. (I)
80,636
2,571,482
DaVita, Inc. (I)
51,685
4,419,584
Express Scripts, Inc. (I)
284,418
15,816,485
Humana, Inc. (I)
90,742
6,346,495
Laboratory Corp. of America Holdings (I)
53,838
4,960,095
McKesson Corp.
136,889
10,821,075
Medco Health Solutions, Inc. (I)
217,753
12,229,008
Patterson Companies, Inc. (L)
51,551
1,659,427
Quest Diagnostics, Inc.
83,872
4,841,092
Tenet Healthcare Corp. (I)
261,626
1,949,114
UnitedHealth Group, Inc.
588,826
26,614,935
WellPoint, Inc.
202,169
14,109,375
134,135,203
Health Care Technology - 0.07%
Cerner Corp. (I)(L)
38,606
4,292,987
Life Sciences Tools & Services - 0.47%
Agilent Technologies, Inc. (I)
185,807
8,320,437
Life Technologies Corp. (I)
96,908
5,079,917
PerkinElmer, Inc.
61,042
1,603,573
Thermo Fisher Scientific, Inc. (I)
210,295
11,681,887
Waters Corp. (I)
49,168
4,272,699
30,958,513
Pharmaceuticals - 5.24%
Abbott Laboratories
833,191
40,868,019
Allergan, Inc.
164,571
11,687,832
Bristol-Myers Squibb Company
916,558
24,224,628
Eli Lilly & Company
548,476
19,289,901
3
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
500 Index Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Pharmaceuticals (continued)
Forest Laboratories, Inc. (I)
154,027
$
4,975,072
Hospira, Inc. (I)
89,719
4,952,489
Johnson & Johnson
1,472,591
87,251,017
Merck & Company, Inc.
1,659,875
54,792,474
Mylan, Inc. (I)
235,303
5,334,319
Pfizer, Inc.
4,304,484
87,424,070
Watson Pharmaceuticals, Inc. (I)
67,743
3,794,285
344,594,106
718,986,769
Industrials - 11.14%
Aerospace & Defense - 2.77%
General Dynamics Corp.
200,658
15,362,376
Goodrich Corp.
67,624
5,783,881
Honeywell International, Inc.
422,158
25,207,054
Huntington Ingalls Industries, Inc. (I)
26,140
1,084,796
ITT Corp.
98,901
5,939,005
L-3 Communications Holdings, Inc.
60,937
4,771,976
Lockheed Martin Corp. (L)
154,452
12,417,941
Northrop Grumman Corp.
156,838
9,835,311
Precision Castparts Corp.
77,231
11,366,859
Raytheon Company
193,653
9,851,128
Rockwell Collins, Inc.
83,495
5,412,981
Textron, Inc. (L)
148,609
4,070,401
The Boeing Company
396,408
29,306,443
United Technologies Corp.
495,558
41,948,985
182,359,137
Air Freight & Logistics - 1.03%
C.H. Robinson Worldwide, Inc. (L)
89,403
6,627,444
Expeditors International of Washington, Inc.
114,245
5,728,244
FedEx Corp.
169,602
15,866,267
United Parcel Service, Inc., Class B
531,448
39,497,215
67,719,170
Airlines - 0.08%
Southwest Airlines Company
402,471
5,083,209
192,805
2,683,846
Avery Dennison Corp.
57,540
2,414,378
Cintas Corp.
68,057
2,060,085
Iron Mountain, Inc.
107,782
3,366,032
Pitney Bowes, Inc. (L)
109,716
2,818,604
R.R. Donnelley & Sons Company (L)
111,191
2,103,734
Republic Services, Inc.
165,413
4,969,007
Stericycle, Inc. (I)(L)
45,976
4,076,692
Waste Management, Inc. (L)
255,997
9,558,928
Building Products - 0.04%
Masco Corp. (L)
Commercial Services & Supplies - 0.48%
31,367,460
Construction & Engineering - 0.20%
Fluor Corp.
95,052
7,001,530
Jacobs Engineering Group, Inc. (I)
68,042
3,499,400
Quanta Services, Inc. (I)(L)
116,025
2,602,441
13,103,371
Electrical Equipment - 0.54%
Emerson Electric Company
406,003
23,722,755
Rockwell Automation, Inc.
76,637
7,253,692
Roper Industries, Inc. (L)
51,328
4,437,819
35,414,266
Industrial Conglomerates - 2.46%
3M Company
383,224
35,831,444
General Electric Company
5,716,807
114,621,980
500 Index Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Industrial Conglomerates (continued)
Tyco International, Ltd.
255,060
$
11,419,036
161,872,460
Machinery - 2.43%
Caterpillar, Inc.
343,931
38,296,717
Cummins, Inc.
106,517
11,676,394
Danaher Corp.
291,011
15,103,471
Deere & Company
226,681
21,963,122
Dover Corp.
100,433
6,602,465
Eaton Corp.
183,265
10,160,212
Flowserve Corp.
30,003
3,864,386
Illinois Tool Works, Inc.
268,340
14,415,225
Ingersoll-Rand PLC
177,439
8,572,078
Joy Global, Inc.
56,415
5,574,366
PACCAR, Inc.
196,688
10,296,617
Pall Corp.
62,169
3,581,556
Parker Hannifin Corp.
87,154
8,251,741
Snap-On, Inc. (L)
31,380
1,884,683
160,243,033
Professional Services - 0.11%
Dun & Bradstreet Corp.
26,763
2,147,463
Equifax, Inc.
66,081
2,567,247
Robert Half International, Inc. (L)
78,766
2,410,240
7,124,950
Road & Rail - 0.86%
CSX Corp.
199,403
15,673,076
Norfolk Southern Corp.
191,723
13,280,652
Ryder Systems, Inc.
27,580
1,395,548
Union Pacific Corp.
264,346
25,993,142
56,342,418
Trading Companies & Distributors - 0.14%
Fastenal Company (L)
79,375
5,145,881
WW Grainger, Inc.
31,406
4,323,978
9,469,859
732,783,179
Information Technology - 17.88%
Communications Equipment - 2.05%
Cisco Systems, Inc.
2,976,176
51,041,418
F5 Networks, Inc. (I)
43,473
4,459,026
Harris Corp.
68,877
3,416,299
JDS Uniphase Corp. (I)
120,721
2,515,826
Juniper Networks, Inc. (I)
287,993
12,118,745
Motorola Mobility Holdings, Inc. (I)(L)
158,421
3,865,472
Motorola Solutions, Inc. (I)
181,280
8,101,403
QUALCOMM, Inc.
884,964
48,522,576
Tellabs, Inc. (L)
195,244
1,023,079
135,063,844
Computers & Peripherals - 4.33%
Apple, Inc. (I)
496,000
172,831,200
Dell, Inc. (I)
904,136
13,119,013
EMC Corp. (I)
1,113,694
29,568,576
Hewlett-Packard Company
1,170,737
47,965,095
Lexmark International, Inc., Class A (I)
42,322
1,567,607
NetApp, Inc. (I)
198,056
9,542,338
SanDisk Corp. (I)(L)
127,435
5,873,479
Western Digital Corp. (I)
124,725
4,650,995
285,118,303
Electronic Equipment, Instruments & Components - 0.45%
Amphenol Corp., Class A
94,720
5,151,821
Corning, Inc.
842,948
17,390,017
4
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
500 Index Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Electronic Equipment, Instruments &
Components (continued)
FLIR Systems, Inc.
85,904
$
2,973,137
Jabil Circuit, Inc.
105,563
2,156,652
Molex, Inc. (L)
74,372
1,868,225
29,539,852
Internet Software & Services - 1.80%
Akamai Technologies, Inc. (I)
100,758
3,828,804
eBay, Inc. (I)
615,138
19,093,884
Google, Inc., Class A (I)
135,019
79,149,488
Monster Worldwide, Inc. (I)(L)
70,098
1,114,558
VeriSign, Inc.
93,384
3,381,435
Yahoo!, Inc. (I)
704,966
11,737,684
118,305,853
IT Services - 3.07%
Automatic Data Processing, Inc.
267,265
13,713,367
Solutions Corp., Class A (I)
163,783
13,331,936
Computer Sciences Corp.
83,498
4,068,858
Fidelity National Information Services, Inc.
143,338
4,685,719
Fiserv, Inc. (I)
78,645
4,932,614
International Business Machines Corp.
656,577
107,068,011
MasterCard, Inc., Class A
52,030
13,096,992
Paychex, Inc. (L)
173,307
5,434,908
SAIC, Inc. (I)(L)
158,142
2,675,763
Teradata Corp. (I)
90,555
4,591,139
Cognizant Technology
The Western Union Company
348,214
7,232,405
Total Systems Services, Inc. (L)
87,470
1,576,209
Visa, Inc., Class A (L)
260,915
19,208,562
201,616,483
Office Electronics - 0.12%
Xerox Corp.
753,435
8,024,083
Advanced Micro Devices, Inc. (I)(L)
309,891
2,665,063
Altera Corp.
172,261
7,582,929
Analog Devices, Inc.
161,306
6,352,230
Applied Materials, Inc.
710,345
11,095,589
Broadcom Corp., Class A
256,036
10,082,698
First Solar, Inc. (I)(L)
29,134
4,685,913
Intel Corp.
2,954,644
59,595,169
KLA-Tencor Corp. (L)
90,029
4,264,674
Linear Technology Corp.
122,135
4,107,400
LSI Corp. (I)
331,661
2,255,295
MEMC Electronic Materials, Inc. (I)
123,993
1,606,949
Microchip Technology, Inc. (L)
101,443
3,855,848
Micron Technology, Inc. (I)
461,752
5,291,678
National Semiconductor Corp.
129,756
1,860,701
Novellus Systems, Inc. (I)
48,553
1,802,773
NVIDIA Corp. (I)
312,800
5,774,288
Teradyne, Inc. (I)(L)
99,789
1,777,242
Texas Instruments, Inc.
631,012
21,807,775
Xilinx, Inc. (L)
140,550
4,610,040
Semiconductors & Semiconductor Equipment - 2.45%
161,074,254
Software - 3.61%
Adobe Systems, Inc. (I)
272,482
9,035,503
Autodesk, Inc. (I)
123,234
5,435,852
BMC Software, Inc. (I)
96,167
4,783,347
CA, Inc.
205,954
4,979,968
Citrix Systems, Inc. (I)
101,011
7,420,268
Compuware Corp. (I)
117,780
1,360,359
Electronic Arts, Inc. (I)(L)
179,992
3,515,244
Intuit, Inc. (I)
146,613
7,785,150
Microsoft Corp.
3,980,853
100,954,432
500 Index Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Software (continued)
Novell, Inc. (I)
189,282
Oracle Corp.
2,094,502
$
1,122,442
69,893,532
Red Hat, Inc. (I)
103,887
4,715,431
Salesforce.com, Inc. (I)
63,669
8,504,905
Symantec Corp. (I)
410,923
7,618,512
237,124,945
1,175,867,617
Materials - 3.65%
Chemicals - 2.12%
Air Products & Chemicals, Inc.
115,709
10,434,638
Airgas, Inc.
40,345
2,679,715
CF Industries Holdings, Inc.
38,385
5,250,684
E.I. du Pont de Nemours & Company
496,191
27,275,619
Eastman Chemical Company
38,089
3,782,999
Ecolab, Inc.
125,263
6,390,918
FMC Corp.
38,487
3,268,701
International Flavors & Fragrances, Inc.
43,208
2,691,858
Monsanto Company
288,950
20,879,527
PPG Industries, Inc.
86,458
8,231,666
Praxair, Inc.
163,296
16,590,874
Sigma-Aldrich Corp. (L)
65,649
4,177,902
The Dow Chemical Company
628,788
23,736,747
The Sherwin-Williams Company
47,922
4,024,969
139,416,817
Construction Materials - 0.05%
Vulcan Materials Company (L)
69,481
3,168,334
Ball Corp.
91,093
3,265,684
Bemis Company, Inc.
57,629
1,890,807
Owens-Illinois, Inc. (I)
88,141
2,660,977
Sealed Air Corp.
85,768
2,286,575
Containers & Packaging - 0.15%
10,104,043
Metals & Mining - 1.18%
AK Steel Holding Corp. (L)
59,359
936,685
Alcoa, Inc.
572,134
10,098,165
Allegheny Technologies, Inc. (L)
53,141
3,598,709
Cliffs Natural Resources, Inc.
72,931
7,167,659
Freeport-McMoRan Copper & Gold, Inc.
509,577
28,307,002
Newmont Mining Corp.
265,567
14,494,647
Nucor Corp.
170,076
7,826,898
Titanium Metals Corp. (I)(L)
48,502
901,167
United States Steel Corp. (L)
77,397
4,174,794
77,505,726
Paper & Forest Products - 0.15%
International Paper Company
236,748
7,145,055
MeadWestvaco Corp.
90,646
2,749,293
9,894,348
240,089,268
Telecommunication Services - 3.01%
Diversified Telecommunication Services - 2.69%
AT&T, Inc.
3,182,610
97,387,866
CenturyLink, Inc. (L)
164,531
6,836,263
Frontier Communications Corp. (L)
535,029
4,397,938
Qwest Communications International, Inc.
938,250
6,408,248
Verizon Communications, Inc.
1,522,585
58,680,426
Windstream Corp. (L)
271,506
3,494,282
177,205,023
Wireless Telecommunication Services - 0.32%
American Tower Corp., Class A (I)
214,069
11,093,056
5
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
500 Index Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Wireless Telecommunication Services (continued)
MetroPCS Communications, Inc. (I)(L)
142,060
Sprint Nextel Corp. (I)
1,609,946
$
2,307,054
7,470,149
20,870,259
198,075,282
Utilities - 3.15%
Electric Utilities - 1.67%
American Electric Power Company, Inc.
258,857
9,096,235
Duke Energy Corp.
715,588
12,987,922
Edison International
175,410
6,418,252
Entergy Corp.
96,391
6,478,439
Exelon Corp.
356,337
14,695,338
FirstEnergy Corp.
225,156
8,351,036
Nextera Energy, Inc.
226,633
12,492,011
Northeast Utilities
95,026
3,287,900
Pepco Holdings, Inc.
121,182
2,260,044
Pinnacle West Capital Corp.
58,566
2,506,039
PPL Corp.
260,790
6,597,987
Progress Energy, Inc.
158,038
7,291,873
Southern Company
455,264
17,350,111
109,813,187
Gas Utilities - 0.08%
Nicor, Inc.
24,525
1,316,993
ONEOK, Inc.
57,619
3,853,559
5,170,552
Independent Power Producers & Energy Traders - 0.16%
Constellation Energy Group, Inc.
107,594
3,349,401
NRG Energy, Inc. (I)
133,268
2,870,593
The AES Corp. (I)
356,481
4,634,253
10,854,247
Multi-Utilities - 1.24%
Ameren Corp.
129,504
3,635,177
CenterPoint Energy, Inc.
228,730
4,016,499
CMS Energy Corp. (L)
135,743
2,665,993
Consolidated Edison, Inc. (L)
157,190
7,972,677
Dominion Resources, Inc.
312,721
13,978,632
DTE Energy Company
91,225
4,466,376
Integrys Energy Group, Inc.
41,994
2,121,117
NiSource, Inc. (L)
150,366
2,884,020
PG&E Corp.
213,338
9,425,273
Public Service Enterprise Group, Inc.
272,446
8,584,773
SCANA Corp. (L)
61,273
2,412,318
Sempra Energy
129,484
6,927,394
TECO Energy, Inc.
115,695
2,170,438
Wisconsin Energy Corp.
125,848
3,838,364
Xcel Energy, Inc.
259,871
6,208,318
81,307,369
207,145,355
TOTAL COMMON STOCKS (Cost $4,884,962,307)
$
6,501,077,894
WARRANTS - 0.00%
Financials - 0.00%
American International Group, Inc. (Expiration
Date 01/19/2021; Strike Price $45.00) (I)
1
11
TOTAL WARRANTS (Cost $17)
$
11
500 Index Trust (continued)
Shares or
Principal
Amount
Value
SECURITIES LENDING COLLATERAL - 4.46%
John Hancock Collateral
Investment Trust, 0.2867% (W)(Y)
29,290,341 $
293,105,511
$
293,105,511
TOTAL SECURITIES LENDING
COLLATERAL (Cost $293,112,676)
SHORT-TERM INVESTMENTS - 1.08%
U.S. Government Agency* - 1.02%
Federal Home Loan Bank Discount Notes
0.080%, 04/13/2011
0.105%, 06/01/2011
$
17,000,000 $
16,999,547
10,000,000
9,998,221
40,000,000
39,996,467
Federal National Mortgage Association
0.060%, 05/24/2011
66,994,235
Repurchase Agreement - 0.06%
Repurchase Agreement with State Street Corp.
dated 03/31/2011 at 0.010% to be
repurchased at $3,980,001 on 04/01/2011,
collateralized by $4,060,000 U.S. Treasury
Notes, 4.375% due 11/15/2039 (valued
at $4,060,658)
3,980,000
TOTAL SHORT-TERM INVESTMENTS (Cost $70,974,235)
3,980,000
$
70,974,235
$
6,865,157,651
Total Investments (500 Index Trust)
(Cost $5,249,049,235) - 104.40%
Other assets and liabilities, net - (4.40%)
(289,136,335)
TOTAL NET ASSETS - 100.00%
$
6,576,021,316
500 Index Trust B
Shares or
Principal
Amount
Value
COMMON STOCKS - 97.02%
Consumer Discretionary - 10.13%
Auto Components - 0.25%
Johnson Controls, Inc.
50,682
The Goodyear Tire & Rubber Company (I)(L)
18,163
$
2,106,851
272,082
2,378,933
Automobiles - 0.53%
Ford Motor Company (I)
283,039
4,220,111
Harley-Davidson, Inc. (L)
17,608
748,164
4,968,275
Distributors - 0.07%
Genuine Parts Company
11,779
631,826
Apollo Group, Inc., Class A (I)
9,211
384,191
DeVry, Inc.
4,611
253,928
H&R Block, Inc. (L)
22,841
382,358
Diversified Consumer Services - 0.11%
1,020,477
Hotels, Restaurants & Leisure - 1.57%
Carnival Corp.
32,292
1,238,721
Darden Restaurants, Inc.
10,352
508,594
International Game Technology (L)
22,292
361,799
Marriott International, Inc., Class A (L)
21,749
773,829
McDonald’s Corp.
78,064
5,939,890
Starbucks Corp.
55,819
2,062,512
Resorts Worldwide, Inc. (L)
14,379
835,707
Wyndham Worldwide Corp.
12,964
412,385
Wynn Resorts, Ltd.
5,688
723,798
Starwood Hotels &
6
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
500 Index Trust B (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Hotels, Restaurants & Leisure (continued)
Yum! Brands, Inc.
34,995
$
1,798,043
14,655,278
Household Durables - 0.40%
D.R. Horton, Inc. (L)
20,945
244,009
Fortune Brands, Inc.
11,480
710,497
Harman International Industries, Inc.
5,200
243,464
Leggett & Platt, Inc. (L)
10,936
267,932
Lennar Corp., Class A (L)
12,024
217,875
Newell Rubbermaid, Inc.
21,744
415,963
Pulte Group, Inc. (I)
25,182
186,347
Stanley Black & Decker, Inc.
12,511
958,343
Whirlpool Corp. (L)
5,682
485,016
3,729,446
Internet & Catalog Retail - 0.84%
Amazon.com, Inc. (I)
26,659
4,802,086
Expedia, Inc. (L)
14,970
339,220
Netflix, Inc. (I)
3,285
779,629
priceline.com, Inc. (I)
3,678
1,862,686
7,783,621
Leisure Equipment & Products - 0.12%
Hasbro, Inc.
10,254
480,297
Mattel, Inc.
26,090
650,424
1,130,721
Media - 3.20%
Cablevision Systems Corp., Class A (L)
17,401
602,249
CBS Corp., Class B
50,312
1,259,812
Comcast Corp., Class A
207,750
5,135,580
DIRECTV, Class A (I)
59,374
2,778,703
Communications, Inc., Series A (I)(L)
21,068
840,613
Gannett Company, Inc. (L)
17,935
273,150
News Corp., Class A
170,879
3,000,635
Omnicom Group, Inc.
21,253
1,042,672
Scripps Networks Interactive, Inc., Class A
6,778
339,510
The Interpublic Group of Companies, Inc.
36,547
459,396
Discovery
The McGraw-Hill Companies, Inc.
22,928
903,363
The Walt Disney Company
142,097
6,122,960
The Washington Post Company, Class B
397
173,711
Time Warner Cable, Inc.
25,694
1,833,010
Time Warner, Inc.
81,771
2,919,225
Viacom, Inc., Class B
44,668
2,077,955
29,762,544
Multiline Retail - 0.73%
Big Lots, Inc. (I)
5,650
245,380
Family Dollar Stores, Inc.
9,457
485,333
J.C. Penney Company, Inc.
17,711
636,002
Kohl’s Corp.
21,878
1,160,409
Macy’s, Inc.
31,673
768,387
Nordstrom, Inc.
12,571
564,186
Sears Holdings Corp. (I)(L)
3,259
269,356
Target Corp.
52,982
2,649,630
6,778,683
Specialty Retail - 1.82%
Abercrombie & Fitch Company, Class A
6,528
383,194
AutoNation, Inc. (I)(L)
4,797
169,670
AutoZone, Inc. (I)
1,999
546,846
Bed Bath & Beyond, Inc. (I)
19,060
920,026
Best Buy Company, Inc.
24,481
703,094
CarMax, Inc. (I)(L)
16,877
541,752
GameStop Corp., Class A (I)(L)
11,305
254,589
Home Depot, Inc.
122,624
4,544,445
500 Index Trust B (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Specialty Retail (continued)
Limited Brands, Inc.
19,790
Lowe’s Companies, Inc.
103,258
$
650,695
2,729,109
O’Reilly Automotive, Inc. (I)
10,560
606,778
RadioShack Corp. (L)
7,915
118,804
Ross Stores, Inc.
8,910
633,679
Staples, Inc.
53,834
1,045,456
The Gap, Inc.
32,638
739,577
Tiffany & Company
9,458
581,100
TJX Companies, Inc.
29,616
1,472,804
Urban Outfitters, Inc. (I)
9,574
285,592
16,927,210
Textiles, Apparel & Luxury Goods - 0.49%
Coach, Inc.
22,135
1,151,905
NIKE, Inc., Class B
28,642
2,168,199
Polo Ralph Lauren Corp.
4,894
605,143
VF Corp. (L)
6,480
638,474
4,563,721
94,330,735
Consumer Staples - 9.91%
Beverages - 2.33%
Brown Forman Corp., Class B (L)
7,713
526,798
Coca-Cola Enterprises, Inc.
24,705
674,447
Constellation Brands, Inc., Class A (I)
13,165
266,986
Dr. Pepper Snapple Group, Inc.
16,759
622,764
Molson Coors Brewing Company
11,884
557,241
PepsiCo, Inc.
118,709
7,646,047
The Coca-Cola Company
171,671
11,390,371
21,684,654
Food & Staples Retailing - 2.17%
Costco Wholesale Corp.
32,663
2,394,851
CVS Caremark Corp.
102,373
3,513,441
Safeway, Inc.
27,550
648,527
SUPERVALU, Inc. (L)
15,862
141,648
Sysco Corp.
43,601
1,207,748
The Kroger Company
47,584
1,140,588
Wal-Mart Stores, Inc.
146,588
7,629,905
Walgreen Company
69,019
2,770,423
Whole Foods Market, Inc. (L)
11,039
727,470
20,174,601
Food Products - 1.64%
Archer-Daniels-Midland Company
47,715
1,718,217
Campbell Soup Company (L)
13,658
452,216
ConAgra Foods, Inc. (L)
32,603
774,321
Dean Foods Company (I)(L)
13,620
136,200
General Mills, Inc.
47,574
1,738,830
H.J. Heinz Company
24,080
1,175,586
Hormel Foods Corp. (L)
10,356
288,311
Kellogg Company (L)
18,849
1,017,469
Kraft Foods, Inc., Class A
130,862
4,103,832
McCormick & Company, Inc., Class B
9,929
474,904
Mead Johnson Nutrition Company
15,308
886,792
Sara Lee Corp.
46,574
822,963
The Hershey Company
11,547
627,579
The J.M. Smucker Company
8,908
635,942
Tyson Foods, Inc., Class A
22,287
427,688
15,280,850
Household Products - 2.00%
Clorox Company (L)
10,296
721,441
Colgate-Palmolive Company
36,954
2,984,405
Kimberly-Clark Corp.
30,257
1,974,874
7
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
500 Index Trust B (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Household Products (continued)
The Procter & Gamble Company
209,567
$
12,909,327
18,590,047
Personal Products - 0.18%
Avon Products, Inc.
32,158
869,552
8,568
825,612
The Estee Lauder
Companies, Inc., Class A (L)
1,695,164
Tobacco - 1.59%
Altria Group, Inc.
156,532
4,074,528
Lorillard, Inc.
10,890
1,034,659
Philip Morris International, Inc.
134,469
8,825,200
Reynolds American, Inc.
25,282
898,269
14,832,656
92,257,972
Energy - 12.86%
Energy Equipment & Services - 2.42%
Baker Hughes, Inc.
32,493
2,385,961
Cameron International Corp. (I)
18,314
1,045,729
Diamond Offshore Drilling, Inc. (L)
5,197
403,807
FMC Technologies, Inc. (I)(L)
8,990
849,375
Halliburton Company
68,341
3,406,115
Helmerich & Payne, Inc.
7,956
546,498
Nabors Industries, Ltd. (I)
21,411
650,466
National Oilwell Varco, Inc.
31,506
2,497,481
Noble Corp.
18,877
861,169
Rowan Companies, Inc. (I)
9,452
417,589
Schlumberger, Ltd.
101,835
9,497,132
22,561,322
Oil, Gas & Consumable Fuels - 10.44%
Anadarko Petroleum Corp.
37,132
3,041,853
Apache Corp.
28,639
3,749,418
Cabot Oil & Gas Corp. (L)
7,787
412,477
Chesapeake Energy Corp.
49,207
1,649,419
Chevron Corp.
150,206
16,136,631
ConocoPhillips
106,973
8,542,864
CONSOL Energy, Inc.
16,928
907,849
Denbury Resources, Inc. (I)
30,006
732,146
Devon Energy Corp.
31,950
2,932,052
El Paso Corp.
52,733
949,194
EOG Resources, Inc.
19,028
2,255,008
EQT Corp.
11,151
556,435
Exxon Mobil Corp.
371,024
31,214,249
Hess Corp.
22,487
1,916,117
Marathon Oil Corp.
53,146
2,833,213
Massey Energy Company (L)
7,741
529,175
Murphy Oil Corp.
14,430
1,059,451
Newfield Exploration Company (I)
10,052
764,053
Noble Energy, Inc.
13,150
1,270,948
Occidental Petroleum Corp.
60,821
6,355,186
Peabody Energy Corp.
20,244
1,456,758
Pioneer Natural Resources Company (L)
8,713
888,029
QEP Resources, Inc.
13,192
534,804
Range Resources Corp. (L)
12,008
701,988
Southwestern Energy Company (I)
26,020
1,118,079
Spectra Energy Corp.
48,533
1,319,127
Sunoco, Inc.
9,014
410,948
Tesoro Corp. (I)(L)
10,713
287,430
The Williams Companies, Inc.
43,863
1,367,648
Valero Energy Corp.
42,573
1,269,527
97,162,076
119,723,398
500 Index Trust B (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Financials - 15.28%
Capital Markets - 2.33%
Ameriprise Financial, Inc.
18,445
E*TRADE Financial Corp. (I)
16,555
$
1,126,621
258,755
Federated Investors, Inc., Class B (L)
6,929
185,351
Franklin Resources, Inc.
10,849
1,356,993
Invesco, Ltd.
34,448
880,491
Janus Capital Group, Inc.
13,924
173,632
Legg Mason, Inc.
11,391
411,101
Morgan Stanley
115,650
3,159,558
Northern Trust Corp.
18,102
918,677
State Street Corp.
37,576
1,688,665
T. Rowe Price Group, Inc.
19,379
1,287,153
The Bank of New York Mellon Corp.
92,919
2,775,491
The Charles Schwab Corp.
74,731
1,347,400
The Goldman Sachs Group, Inc.
38,946
6,171,773
21,741,661
Commercial Banks - 2.80%
BB&T Corp.
51,973
1,426,659
Comerica, Inc. (L)
13,226
485,659
Fifth Third Bancorp
68,671
953,153
First Horizon National Corp. (L)
19,706
220,904
Huntington Bancshares, Inc.
64,599
428,937
KeyCorp
65,808
584,375
M&T Bank Corp. (L)
8,996
795,876
Marshall & Ilsley Corp.
39,666
316,931
PNC Financial Services Group, Inc.
39,321
2,476,830
Regions Financial Corp.
94,111
683,246
SunTrust Banks, Inc.
37,449
1,080,029
U.S. Bancorp
143,808
3,800,845
Wells Fargo & Company
394,180
12,495,506
Zions Bancorporation (L)
13,694
315,784
26,064,734
Consumer Finance - 0.74%
American Express Company
78,273
3,537,940
Capital One Financial Corp.
34,221
1,778,123
Discover Financial Services
40,797
984,024
SLM Corp. (I)
39,425
603,203
6,903,290
Diversified Financial Services - 4.05%
Bank of America Corp.
757,308
10,094,916
Citigroup, Inc. (I)
2,174,096
9,609,504
CME Group, Inc.
5,014
1,511,972
IntercontinentalExchange, Inc. (I)
5,491
678,358
JPMorgan Chase & Company
298,063
13,740,704
Leucadia National Corp. (L)
14,808
555,892
Moody’s Corp. (L)
14,933
506,378
NYSE Euronext
19,544
687,362
The NASDAQ OMX Group, Inc. (I)
11,205
289,537
37,674,623
Insurance - 3.73%
ACE, Ltd.
25,107
1,624,423
Aflac, Inc.
35,202
1,857,962
American International Group, Inc. (I)(L)
10,748
377,685
AON Corp.
24,923
1,319,922
Assurant, Inc.
7,478
287,978
Berkshire Hathaway, Inc., Class B (I)
129,516
10,831,423
Chubb Corp.
22,089
1,354,277
Cincinnati Financial Corp. (L)
12,197
400,062
Genworth Financial, Inc., Class A (I)(L)
36,584
492,421
Hartford Financial Services Group, Inc.
33,277
896,150
Lincoln National Corp.
23,629
709,815
Loews Corp.
23,526
1,013,735
8
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
500 Index Trust B (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Insurance (continued)
Marsh & McLennan Companies, Inc.
40,711
MetLife, Inc.
78,951
$
1,213,595
3,531,478
Principal Financial Group, Inc. (L)
24,005
770,801
Prudential Financial, Inc.
36,365
2,239,357
The Allstate Corp.
39,640
1,259,759
The Progressive Corp.
49,387
1,043,547
The Travelers Companies, Inc.
32,253
1,918,408
Torchmark Corp.
5,831
387,645
Unum Group
23,172
608,265
XL Group PLC
23,271
572,467
34,711,175
Real Estate Investment Trusts - 1.49%
Apartment Investment & Management
Company, Class A
8,839
225,129
AvalonBay Communities, Inc. (L)
6,441
773,435
Boston Properties, Inc.
10,671
1,012,144
Equity Residential (L)
21,997
1,240,851
HCP, Inc.
27,761
1,053,252
Health Care REIT, Inc. (L)
13,179
691,107
Host Hotels & Resorts, Inc. (L)
50,913
896,578
Kimco Realty Corp. (L)
30,411
557,738
Plum Creek Timber Company, Inc. (L)
12,096
527,507
ProLogis
42,683
682,074
Public Storage
10,457
1,159,786
Simon Property Group, Inc.
22,220
2,381,095
Ventas, Inc.
12,190
661,917
Vornado Realty Trust
12,231
1,070,213
Weyerhaeuser Company
40,195
988,797
13,921,623
Real Estate Management & Development - 0.06%
CB Richard Ellis Group, Inc., Class A (I)
21,790
581,793
Hudson City Bancorp, Inc.
39,378
381,179
People’s United Financial, Inc. (L)
27,086
340,742
Thrifts & Mortgage Finance - 0.08%
721,921
142,320,820
Health Care - 10.73%
Biotechnology - 1.24%
Amgen, Inc. (I)
69,770
3,729,207
Biogen Idec, Inc. (I)
18,026
1,322,928
Celgene Corp. (I)
34,786
2,001,239
Cephalon, Inc. (I)(L)
5,666
429,369
Genzyme Corp. (I)
19,543
1,488,199
Gilead Sciences, Inc. (I)
59,505
2,525,392
11,496,334
Health Care Equipment & Supplies - 1.83%
Baxter International, Inc.
43,355
2,331,198
Becton, Dickinson & Company
16,545
1,317,313
Boston Scientific Corp. (I)
113,985
819,552
C.R. Bard, Inc.
6,363
631,910
CareFusion Corp. (I)
16,692
470,714
Covidien PLC
36,952
1,919,287
DENTSPLY International, Inc.
10,613
392,575
Edwards Lifesciences Corp. (I)
8,461
736,107
Intuitive Surgical, Inc. (I)
2,908
969,702
Medtronic, Inc.
80,016
3,148,630
St. Jude Medical, Inc.
24,357
1,248,540
Stryker Corp. (L)
25,176
1,530,701
Varian Medical Systems, Inc. (I)(L)
8,983
607,610
Zimmer Holdings, Inc. (I)
14,376
870,179
16,994,018
500 Index Trust B (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Health Care Providers & Services - 2.00%
Aetna, Inc.
28,770
AmerisourceBergen Corp.
20,509
$
1,076,861
811,336
Cardinal Health, Inc.
26,170
1,076,372
CIGNA Corp.
20,295
898,663
Coventry Health Care, Inc. (I)
11,207
357,391
DaVita, Inc. (I)
7,183
614,218
Express Scripts, Inc. (I)
39,528
2,198,152
Humana, Inc. (I)
12,611
882,013
Laboratory Corp. of America Holdings (I)
7,482
689,317
McKesson Corp.
19,025
1,503,926
Medco Health Solutions, Inc. (I)
30,263
1,699,570
Patterson Companies, Inc. (L)
7,165
230,641
Quest Diagnostics, Inc.
11,657
672,842
Tenet Healthcare Corp. (I)
36,294
270,390
UnitedHealth Group, Inc.
81,835
3,698,942
WellPoint, Inc.
28,098
1,960,959
18,641,593
Health Care Technology - 0.06%
Cerner Corp. (I)(L)
5,365
596,588
Life Sciences Tools & Services - 0.46%
Agilent Technologies, Inc. (I)
25,823
1,156,354
Life Technologies Corp. (I)
13,468
705,993
PerkinElmer, Inc.
8,484
222,875
Thermo Fisher Scientific, Inc. (I)
29,227
1,623,560
Waters Corp. (I)
6,821
592,745
4,301,527
Pharmaceuticals - 5.14%
Abbott Laboratories
115,797
5,679,843
Allergan, Inc.
22,872
1,624,369
Bristol-Myers Squibb Company
127,383
3,366,733
Eli Lilly & Company
76,227
2,680,904
Forest Laboratories, Inc. (I)
21,407
691,446
Hospira, Inc. (I)
12,478
688,786
Johnson & Johnson
204,661
12,126,164
Merck & Company, Inc.
230,690
7,615,077
Mylan, Inc. (I)
32,702
741,354
Pfizer, Inc.
598,211
12,149,665
Watson Pharmaceuticals, Inc. (I)
9,415
527,334
47,891,675
99,921,735
Industrials - 10.93%
Aerospace & Defense - 2.72%
General Dynamics Corp.
27,887
2,135,029
Goodrich Corp.
9,398
803,811
Honeywell International, Inc.
58,671
3,503,245
Huntington Ingalls Industries, Inc. (I)
3,635
150,832
ITT Corp.
13,745
825,387
L-3 Communications Holdings, Inc.
8,469
663,207
Lockheed Martin Corp.
21,466
1,725,866
Northrop Grumman Corp.
21,807
1,367,517
Precision Castparts Corp.
10,734
1,579,830
Raytheon Company
26,914
1,369,115
Rockwell Collins, Inc.
11,604
752,287
Textron, Inc. (L)
20,653
565,686
The Boeing Company
55,093
4,073,025
United Technologies Corp.
68,873
5,830,099
25,344,936
Air Freight & Logistics - 1.01%
C.H. Robinson Worldwide, Inc. (L)
12,425
921,065
Expeditors International of Washington, Inc.
15,862
795,321
FedEx Corp.
23,571
2,205,067
9
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
500 Index Trust B (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Air Freight & Logistics (continued)
United Parcel Service, Inc., Class B
73,857
$
5,489,052
9,410,505
Airlines - 0.08%
Southwest Airlines Company
55,935
706,459
26,806
373,140
Avery Dennison Corp.
7,997
335,554
Cintas Corp.
9,440
285,749
Iron Mountain, Inc.
14,946
466,764
Pitney Bowes, Inc.
15,248
391,721
R.R. Donnelley & Sons Company (L)
15,426
291,860
Republic Services, Inc.
22,957
689,628
Stericycle, Inc. (I)(L)
6,390
566,601
Waste Management, Inc. (L)
35,578
1,328,483
Building Products - 0.04%
Masco Corp.
Commercial Services & Supplies - 0.47%
4,356,360
Construction & Engineering - 0.19%
Fluor Corp.
13,210
973,049
Jacobs Engineering Group, Inc. (I)
9,457
486,374
Quanta Services, Inc. (I)(L)
16,095
361,011
1,820,434
Electrical Equipment - 0.53%
Emerson Electric Company
56,426
3,296,971
Rockwell Automation, Inc.
10,651
1,008,117
Roper Industries, Inc. (L)
7,133
616,719
4,921,807
Industrial Conglomerates - 2.41%
3M Company
53,260
4,979,810
General Electric Company
794,521
15,930,146
Tyco International, Ltd.
35,448
1,587,007
22,496,963
Machinery - 2.39%
Caterpillar, Inc.
47,799
5,322,419
Cummins, Inc.
14,804
1,622,814
Danaher Corp.
40,445
2,099,096
Deere & Company
31,504
3,052,423
Dover Corp.
13,956
917,467
Eaton Corp.
25,470
1,412,057
Flowserve Corp.
4,170
537,096
Illinois Tool Works, Inc.
37,294
2,003,434
Ingersoll-Rand PLC (L)
24,660
1,191,325
Joy Global, Inc.
7,841
774,769
PACCAR, Inc.
27,336
1,431,040
Pall Corp.
8,640
497,750
Parker Hannifin Corp.
12,113
1,146,859
Snap-On, Inc. (L)
4,361
261,922
22,270,471
Professional Services - 0.11%
Dun & Bradstreet Corp.
3,720
298,493
Equifax, Inc.
9,184
356,798
Robert Half International, Inc. (L)
10,947
334,978
990,269
Road & Rail - 0.84%
CSX Corp.
27,713
2,178,242
Norfolk Southern Corp.
26,646
1,845,768
Ryder Systems, Inc.
3,833
193,950
Union Pacific Corp.
36,739
3,612,546
7,830,506
500 Index Trust B (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Trading Companies & Distributors - 0.14%
Fastenal Company (L)
11,022
WW Grainger, Inc. (L)
4,365
$
714,556
600,973
1,315,529
101,837,379
Information Technology - 17.55%
Communications Equipment - 2.02%
Cisco Systems, Inc.
413,629
7,093,737
F5 Networks, Inc. (I)
6,038
619,318
Harris Corp. (L)
9,580
475,168
JDS Uniphase Corp. (I)
16,778
349,654
Juniper Networks, Inc. (I)
40,025
1,684,252
Motorola Mobility Holdings, Inc. (I)
22,017
537,215
Motorola Solutions, Inc. (I)
25,194
1,125,920
QUALCOMM, Inc.
122,992
6,743,651
Tellabs, Inc. (L)
27,135
142,187
18,771,102
Computers & Peripherals - 4.25%
Apple, Inc. (I)
68,934
24,020,052
Dell, Inc. (I)
125,657
1,823,283
EMC Corp. (I)
154,781
4,109,436
Hewlett-Packard Company
162,709
6,666,188
Lexmark International, Inc., Class A (I)
5,871
217,462
NetApp, Inc. (I)
27,526
1,326,203
SanDisk Corp. (I)(L)
17,711
816,300
Western Digital Corp. (I)
17,334
646,385
39,625,309
Electronic Equipment, Instruments & Components - 0.44%
Amphenol Corp., Class A
13,164
715,990
Corning, Inc.
117,153
2,416,866
FLIR Systems, Inc.
11,935
413,070
Jabil Circuit, Inc.
14,632
298,932
Molex, Inc. (L)
10,336
259,640
4,104,498
Internet Software & Services - 1.77%
Akamai Technologies, Inc. (I)
14,003
532,114
eBay, Inc. (I)
85,492
2,653,672
Google, Inc., Class A (I)
18,765
11,000,231
Monster Worldwide, Inc. (I)(L)
9,708
154,357
VeriSign, Inc.
12,978
469,933
Yahoo!, Inc. (I)
97,976
1,631,300
16,441,607
IT Services - 3.01%
Automatic Data Processing, Inc.
37,145
1,905,910
Solutions Corp., Class A (I)
22,763
1,852,908
Computer Sciences Corp.
11,605
565,512
Fidelity National Information Services, Inc.
19,921
651,217
Fiserv, Inc. (I)
10,930
685,530
International Business Machines Corp.
91,251
14,880,301
MasterCard, Inc., Class A
7,233
1,820,691
Paychex, Inc.
24,086
755,337
SAIC, Inc. (I)(L)
21,956
371,496
Teradata Corp. (I)
12,585
638,060
The Western Union Company
48,395
1,005,164
Total Systems Services, Inc. (L)
12,191
219,682
Visa, Inc., Class A
36,262
2,669,608
Cognizant Technology
28,021,416
Office Electronics - 0.12%
Xerox Corp.
104,713
1,115,193
10
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
500 Index Trust B (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Semiconductors & Semiconductor Equipment - 2.40%
Advanced Micro Devices, Inc. (I)(L)
43,068
$
370,385
Altera Corp.
23,941
1,053,883
Analog Devices, Inc.
22,419
882,860
Applied Materials, Inc.
98,724
1,542,069
Broadcom Corp., Class A
35,584
1,401,298
First Solar, Inc. (I)(L)
4,049
651,241
Intel Corp.
410,637
8,282,548
KLA-Tencor Corp. (L)
12,512
592,693
Linear Technology Corp.
16,974
570,836
LSI Corp. (I)
46,046
313,113
MEMC Electronic Materials, Inc. (I)
17,233
223,340
Microchip Technology, Inc. (L)
14,099
535,903
Micron Technology, Inc. (I)
64,174
735,434
National Semiconductor Corp.
18,043
258,737
Novellus Systems, Inc. (I)
6,736
250,108
NVIDIA Corp. (I)
43,473
802,512
Teradyne, Inc. (I)(L)
13,868
246,989
Texas Instruments, Inc.
87,690
3,030,566
Xilinx, Inc. (L)
19,534
640,715
22,385,230
Software - 3.54%
Adobe Systems, Inc. (I)
37,869
1,255,736
Autodesk, Inc. (I)
17,127
755,472
BMC Software, Inc. (I)
13,365
664,775
CA, Inc.
28,657
692,926
Citrix Systems, Inc. (I)
14,024
1,030,203
Compuware Corp. (I)
16,358
188,935
Electronic Arts, Inc. (I)(L)
25,015
488,543
Intuit, Inc. (I)
20,376
1,081,966
Microsoft Corp.
553,259
14,030,648
Novell, Inc. (I)
26,257
155,704
Oracle Corp.
291,094
9,713,807
Red Hat, Inc. (I)
14,438
655,341
Salesforce.com, Inc. (I)
8,849
1,182,049
Symantec Corp. (I)
57,110
1,058,819
32,954,924
163,419,279
Materials - 3.58%
Chemicals - 2.08%
Air Products & Chemicals, Inc.
16,081
1,450,185
Airgas, Inc.
5,607
372,417
CF Industries Holdings, Inc.
5,335
729,775
E.I. du Pont de Nemours & Company
68,961
3,790,786
Eastman Chemical Company
5,294
525,800
Ecolab, Inc.
17,409
888,207
FMC Corp.
5,349
454,291
International Flavors & Fragrances, Inc.
6,005
374,112
Monsanto Company
40,158
2,901,817
PPG Industries, Inc.
12,016
1,144,043
Praxair, Inc.
22,695
2,305,812
Sigma-Aldrich Corp. (L)
9,124
580,651
The Dow Chemical Company
87,389
3,298,935
The Sherwin-Williams Company
6,660
559,373
19,376,204
Construction Materials - 0.05%
Vulcan Materials Company (L)
9,657
440,359
Ball Corp.
12,660
453,861
Bemis Company, Inc.
8,009
262,775
Owens-Illinois, Inc. (I)
12,235
369,375
Containers & Packaging - 0.15%
500 Index Trust B (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Containers & Packaging (continued)
Sealed Air Corp.
11,935
$
318,187
1,404,198
Metals & Mining - 1.15%
AK Steel Holding Corp. (L)
8,250
130,185
Alcoa, Inc.
79,515
1,403,440
Allegheny Technologies, Inc. (L)
7,370
499,096
Cliffs Natural Resources, Inc.
10,126
995,183
Freeport-McMoRan Copper & Gold, Inc.
70,821
3,934,107
Newmont Mining Corp.
36,908
2,014,439
Nucor Corp.
23,637
1,087,775
Titanium Metals Corp. (I)(L)
6,736
125,155
United States Steel Corp. (L)
10,757
580,233
10,769,613
Paper & Forest Products - 0.15%
International Paper Company
32,903
993,013
MeadWestvaco Corp.
12,566
381,127
1,374,140
33,364,514
Telecommunication Services - 2.96%
Diversified Telecommunication Services - 2.65%
AT&T, Inc.
442,319
13,534,961
CenturyLink, Inc. (L)
22,867
950,124
Frontier Communications Corp. (L)
74,358
611,223
Qwest Communications International, Inc.
130,395
890,598
Verizon Communications, Inc.
211,609
8,155,411
Windstream Corp. (L)
37,733
485,624
24,627,941
Wireless Telecommunication Services - 0.31%
American Tower Corp., Class A (I)
29,751
1,541,697
MetroPCS Communications, Inc. (I)(L)
19,746
320,675
Sprint Nextel Corp. (I)
223,749
1,038,195
2,900,567
27,528,508
Utilities - 3.09%
Electric Utilities - 1.64%
American Electric Power Company, Inc.
35,976
1,264,197
Duke Energy Corp.
99,453
1,805,072
Edison International
24,359
891,296
Entergy Corp.
13,396
900,345
Exelon Corp.
49,524
2,042,370
FirstEnergy Corp.
31,292
1,160,620
Nextera Energy, Inc.
31,497
1,736,115
Northeast Utilities
13,206
456,928
Pepco Holdings, Inc.
16,842
314,103
Pinnacle West Capital Corp.
8,124
347,626
PPL Corp.
36,245
916,999
Progress Energy, Inc.
21,964
1,013,419
Southern Company
63,273
2,411,334
15,260,424
Gas Utilities - 0.08%
Nicor, Inc.
3,403
182,741
ONEOK, Inc.
8,008
535,575
718,316
Independent Power Producers & Energy Traders - 0.16%
Constellation Energy Group, Inc.
14,922
464,522
NRG Energy, Inc. (I)
18,521
398,942
The AES Corp. (I)
49,543
644,059
1,507,523
11
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
500 Index Trust B (continued)
Shares or
Principal
Amount
COMMON STOCKS (continued)
Multi-Utilities - 1.21%
Value
Ameren Corp.
17,999
CenterPoint Energy, Inc.
31,788
$
505,232
558,197
CMS Energy Corp. (L)
18,865
370,509
Consolidated Edison, Inc. (L)
21,846
1,108,029
Dominion Resources, Inc. (L)
43,462
1,942,751
DTE Energy Company (L)
12,678
620,715
Integrys Energy Group, Inc.
5,836
294,776
NiSource, Inc. (L)
20,898
400,824
PG&E Corp.
29,650
1,309,937
Public Service Enterprise Group, Inc.
37,864
1,193,094
SCANA Corp. (L)
8,516
335,275
Sempra Energy
17,996
962,786
TECO Energy, Inc.
16,053
301,154
Wisconsin Energy Corp.
17,480
533,140
Xcel Energy, Inc.
36,117
862,835
11,299,254
28,785,517
TOTAL COMMON STOCKS (Cost $798,800,767)
$
903,489,857
WARRANTS - 0.00%
Financials - 0.00%
American International Group, Inc. (Expiration
Date 01/19/2021; Strike Price $45.00) (I)
1
TOTAL WARRANTS (Cost $17)
11
$
11
SECURITIES LENDING COLLATERAL - 4.90%
John Hancock Collateral
Investment Trust, 0.2867% (W)(Y)
4,559,727
45,628,731
TOTAL SECURITIES LENDING
COLLATERAL (Cost $45,629,687)
$
45,628,731
11,000,000 $
10,999,707
2,000,000
1,999,644
10,000,000
9,999,117
SHORT-TERM INVESTMENTS - 2.68%
U.S. Government Agency* - 2.47%
Federal Home Loan Bank Discount Notes
0.080%, 04/13/2011
0.105%, 06/01/2011
$
Federal National Mortgage Association,
0.060%, 05/24/2011
22,998,468
Repurchase Agreement - 0.21%
Repurchase Agreement with State Street Corp.
dated 03/31/2011 at 0.010% to be
repurchased at $1,916,001 on 04/01/2011,
collateralized by $1,955,000 U.S. Treasury
Bills, 4.375 due 11/15/2039 (valued
at $1,955,317)
TOTAL SHORT-TERM INVESTMENTS (Cost $24,914,468)
1,916,000
1,916,000
$
24,914,468
$
974,033,067
Total Investments (500 Index Trust B)
(Cost $869,344,939) - 104.60%
Other assets and liabilities, net - (4.60%)
(42,800,278)
TOTAL NET ASSETS - 100.00%
$
931,232,789
Active Bond Trust
Shares or
Principal
Amount
Value
14,360,000 $
13,720,535
0.750%, 12/15/2013
1,120,000
1,107,749
2.125%, 02/29/2016
6,610,000
6,579,012
2.750%, 02/28/2018
10,000,000
9,909,380
3.625%, 02/15/2021 (L)
16,910,000
17,126,651
U.S. GOVERNMENT & AGENCY
OBLIGATIONS - 19.04%
U.S. Government - 3.61%
U.S. Treasury Bonds
4.250%, 11/15/2040
$
U.S. Treasury Notes
48,443,327
U.S. Government Agency - 15.43%
Federal Home Loan Mortgage Corp.
4.000%, 09/01/2040
7,705,687
7,564,603
4.500%, 09/01/2023
2,261,381
2,371,092
5.000%, 07/01/2035
1,450,819
1,518,947
6.500%, 06/01/2037 to 09/01/2039
7,029,123
7,856,928
2.621%, 07/01/2033 (P)
94,296
98,883
2.731%, 08/01/2034 (P)
2,180,026
2,282,971
4.000%, 06/01/2024 to 10/01/2040
35,183,147
35,480,454
4.500%, 03/01/2026
2,200,165
2,305,446
5.000%, 05/01/2018 to 04/04/2041
36,961,108
37,139,162
5.500%, 02/01/2018 to 01/01/2037
49,557,283
53,184,903
6.000%, 05/01/2035 to 07/01/2038
26,728,230
29,219,096
6.500%, 02/01/2036 to 06/01/2039
16,753,401
18,758,559
7.000%, 12/01/2012 to 06/01/2032
1,148,313
1,265,727
7.500%, 09/01/2029 to 08/01/2031
152,696
173,240
5.000%, 04/15/2035
2,837,176
3,021,940
5.500%, 03/15/2035
2,619,650
2,846,624
6.000%, 03/15/2033 to 06/15/2033
1,151,938
1,272,693
6.500%, 09/15/2028 to 08/15/2031
254,091
286,477
7.000%, 04/15/2029
89,362
101,732
8.000%, 10/15/2026 to 05/15/2029
111,264
127,370
Federal National Mortgage Association
Government National
Mortgage Association
206,876,847
TOTAL U.S. GOVERNMENT & AGENCY
OBLIGATIONS (Cost $250,656,178)
FOREIGN GOVERNMENT
OBLIGATIONS - 0.79%
Argentina - 0.27%
Republic of Argentina
$
255,320,174
1.180%, 12/31/2038 (P)
8,797,621
1,410,397
5.830%, 12/31/2033 (P)
ARS
3,617,497
1,454,672
12/15/2035 (B)(I)
19,532,033
794,259
3,659,328
Germany - 0.10%
Federal Republic of Germany
6.250%, 01/04/2030
EUR
725,000
1,354,123
JPY
68,650,000
857,891
MXN
20,193,300
1,744,289
$
344,000
464,400
130,000
183,300
Japan - 0.06%
Government of Japan
1.500%, 09/20/2014
Mexico - 0.13%
Government of Mexico
8.000%, 12/19/2013 to 12/07/2023
Panama - 0.05%
Republic of Panama
8.875%, 09/30/2027
9.375%, 04/01/2029
647,700
12
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Active Bond Trust (continued)
Shares or
Principal
Amount
Value
FOREIGN GOVERNMENT
OBLIGATIONS (continued)
Peru - 0.01%
Republic of Peru
9.875%, 02/06/2015
$
111,000
GBP
$
138,750
United Kingdom - 0.17%
Government of United Kingdom
4.750%, 03/07/2020
1,040,000
1,814,182
6.000%, 12/07/2028
85,000
166,801
8.000%, 12/07/2015
125,000
249,563
2,230,546
TOTAL FOREIGN GOVERNMENT
OBLIGATIONS (Cost $8,689,415)
CORPORATE BONDS - 48.93%
Consumer Discretionary - 5.01%
Allison Transmission, Inc.
$
10,632,627
11.000%, 11/01/2015 (S)
825,000
895,125
8.000%, 03/01/2014
1,295,000
1,309,569
8.750%, 06/01/2019
470,000
509,950
220,000
234,850
675,000
675,000
1,530,000
1,484,100
270,000
300,375
5.900%, 10/15/2040
620,000
579,862
7.875%, 07/30/2030
980,000
1,137,643
1,017,732
1,218,734
390,000
424,125
530,000
579,025
1,335,000
1,458,488
1,000,000
1,087,863
1,050,000
1,165,500
1,665,000
1,814,890
118,000
0
680,000
679,609
435,000
461,100
735,000
784,613
1,405,000
1,417,294
1,728,000
1,961,280
810,000
857,878
640,000
710,400
AMC Entertainment, Inc.
American Standard Americas
10.750%, 01/15/2016 (S)
Ameristar Casinos, Inc.
7.500%, 04/15/2021 (S)
Burlington Coat Factory
Warehouse Corp.
10.000%, 02/15/2019 (S)
Cablevision Systems Corp.
8.625%, 09/15/2017
CBS Corp.
CCH II LLC/CCH II Capital Corp.
13.500%, 11/30/2016
CCO Holdings LLC/CCO Holdings
Capital Corp.
8.125%, 04/30/2020
Cinemark USA, Inc.
8.625%, 06/15/2019
Clear Channel Worldwide Holdings, Inc.
9.250%, 12/15/2017
Comcast Corp.
6.950%, 08/15/2037
CSC Holdings, Inc.
7.875%, 02/15/2018
Darden Restaurants, Inc.
6.800%, 10/15/2037
Delphi Corp.
6.197%, 11/15/2033 (H)
DIRECTV Holdings LLC/DIRECTV
Financing Company, Inc.
6.350%, 03/15/2040
Empire Today LLC/Empire Today
Finance Corp.
11.375%, 02/01/2017 (S)
Exide Technologies
8.625%, 02/01/2018 (S)
Expedia, Inc.
5.950%, 08/15/2020
Greektown Superholdings, Inc.
13.000%, 07/01/2015
Grupo Televisa SA
6.625%, 01/15/2040
Hillman Group, Inc.
10.875%, 06/01/2018
Active Bond Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Consumer Discretionary (continued)
Hillman Group, Inc. (continued)
10.875%, 06/01/2018 (S)
$
145,000
$
160,950
HRP Myrtle Beach Operations LLC
- 04/01/2012 (H)(S)
705,000
0
4.375%, 07/27/2016 (S)
815,000
818,214
6.000%, 05/05/2015 (S)
1,160,000
1,243,849
735,000
753,696
1,720,000
1,737,200
805,000
825,125
1,370,000
1,373,425
684,000
615,600
855,000
874,238
335,000
367,244
960,000
724,800
505,000
537,825
6.750%, 01/09/2038
108,000
113,225
7.750%, 12/01/2045
491,000
580,194
6.150%, 02/15/2041 (S)
720,000
713,984
6.650%, 11/15/2037
1,950,000
2,045,150
615,000
628,838
1,165,000
1,205,775
325,000
348,969
275,000
294,250
330,000
332,475
485,000
470,450
6.535%, 10/01/2020 (S)
1,525,000
1,498,587
7.750%, 10/01/2017 (S)
390,000
412,425
Hyundai Capital Services, Inc.
Hyva Global BV
8.625%, 03/24/2016 (S)
Jacobs Entertainment, Inc.
9.750%, 06/15/2014
Kabel BW Erste
Beteiligungs GmbH/Kabel BadenWurttemberg G
7.500%, 03/15/2019 (S)
Levi Strauss & Company
7.625%, 05/15/2020
Little Traverse Bay Bands of Odawa
Indians
9.000%, 08/31/2020 (S)
Ltd. Brands, Inc.
6.625%, 04/01/2021
MGM Resorts International
9.000%, 03/15/2020
Mohegan Tribal Gaming Authority
7.125%, 08/15/2014
MTR Gaming Group, Inc.
12.625%, 07/15/2014
News America Holdings, Inc.
News America, Inc.
Palace Entertainment
Holdings LLC/Palace Entertainment
Holdings Corp.
8.875%, 04/15/2017 (S)
Pokagon Gaming Authority
10.375%, 06/15/2014 (S)
Regal Cinemas Corp.
8.625%, 07/15/2019
Regal Entertainment Group
9.125%, 08/15/2018
Reynolds Group Issuer, Inc./Reynolds
Group Issuer LLC
6.875%, 02/15/2021 (S)
Sears Holdings Corp.
6.625%, 10/15/2018 (S)
Seminole Indian Tribe of Florida
Simmons Foods, Inc.
10.500%, 11/01/2017 (S)
655,000
705,763
1,800,000
2,023,636
6.550%, 05/01/2037
1,930,000
1,962,908
6.750%, 07/01/2018
3,035,000
3,444,619
1,716,000
2,044,803
1,520,000
1,858,130
451,000
519,920
Target Corp.
6.500%, 10/15/2037
Time Warner Cable, Inc.
Time Warner Companies, Inc.
7.570%, 02/01/2024
Time Warner Entertainment Company LP
8.375%, 07/15/2033
Time Warner, Inc.
7.625%, 04/15/2031
13
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Active Bond Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Consumer Discretionary (continued)
Toys R Us Property Company LLC
8.500%, 12/01/2017
$
445,000
$
478,375
Turning Stone Resort Casino Enterprises
9.125%, 09/15/2014 (S)
1,265,000
1,302,950
750,000
728,484
3,305,000
3,616,255
1,170,000
1,266,207
1,430,000
1,570,543
819,236
382,993
1,375,000
1,632,813
6.250%, 03/15/2018
715,000
801,240
6.875%, 11/15/2037
2,130,000
2,372,965
United Business Media, Ltd.
5.750%, 11/03/2020 (S)
Viacom, Inc.
6.875%, 04/30/2036
Videotron Ltee
7.125%, 01/15/2020 (S)
Volvo Treasury AB
5.950%, 04/01/2015 (S)
Waterford Gaming LLC
8.625%, 09/15/2014 (S)
XM Satellite Radio, Inc.
13.000%, 08/01/2013 (S)
Yum! Brands, Inc.
67,136,365
Consumer Staples - 2.20%
Alliance One International, Inc.
10.000%, 07/15/2016
1,535,000
1,556,106
5.750%, 04/01/2036
1,000,000
1,029,596
6.500%, 02/01/2043
540,000
595,392
BRL
1,275,000
798,510
$
1,100,000
1,146,750
650,000
663,125
580,000
624,950
620,000
628,525
4.100%, 03/15/2016
530,000
530,377
5.350%, 04/15/2014
1,240,000
1,313,181
8.500%, 06/15/2019
955,000
1,132,648
885,000
942,525
2,350,000
2,308,875
1,291,866
1,543,663
1,025,000
1,053,188
1,105,000
1,233,258
2,105,000
2,435,213
765,000
826,257
1,175,000
1,305,790
990,000
1,071,675
1,715,000
1,980,789
820,000
915,505
Anheuser-Busch Companies, Inc.
Anheuser-Busch InBev Worldwide, Inc.
9.750%, 11/17/2015
ARAMARK Corp.
8.500%, 02/01/2015
Archer-Daniels-Midland Company
5.765%, 03/01/2041
B&G Foods, Inc.
7.625%, 01/15/2018
Blue Merger Sub, Inc.
7.625%, 02/15/2019 (S)
Bunge Ltd. Finance Corp.
Corp. Pesquera Inca SAC
9.000%, 02/10/2017 (S)
CVS Caremark Corp. (6.302% to
06/01/2012, then 3 month
LIBOR + 2.065%)
06/01/2037
CVS Pass-Through Trust
8.353%, 07/10/2031 (S)
JBS Finance II, Ltd.
8.250%, 01/29/2018 (S)
Kraft Foods, Inc.
6.125%, 02/01/2018
Kroger Company
7.000%, 05/01/2018
Lorillard Tobacco Company
6.875%, 05/01/2020
Philip Morris International, Inc.
5.650%, 05/16/2018
Revlon Consumer Products Corp.
9.750%, 11/15/2015
SABMiller PLC
6.500%, 07/15/2018 (S)
Safeway, Inc.
6.350%, 08/15/2017
Active Bond Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Consumer Staples (continued)
Tesco PLC
6.150%, 11/15/2037 (S)
$
2,400,000 $
2,625,785
1,230,000
1,276,125
Yankee Candle Company, Inc.
8.500%, 02/15/2015
29,537,808
Energy - 5.34%
Anadarko Finance Company
7.500%, 05/01/2031
1,502,000
1,658,199
6.375%, 09/15/2017
1,240,000
1,363,075
6.450%, 09/15/2036
1,400,000
1,398,193
2,000,000
2,078,364
510,000
575,688
635,000
655,638
545,000
545,377
1,155,000
1,487,291
1,874,000
2,405,984
1,185,000
1,220,550
589,000
630,250
740,000
812,833
2,400,000
2,851,565
6.625%, 10/15/2036
1,000,000
1,044,883
7.500%, 07/01/2038
1,500,000
1,734,929
9.700%, 03/15/2019
895,000
1,166,788
633,000
704,092
1,370,000
1,421,375
6.650%, 04/15/2018
1,500,000
1,705,818
6.875%, 03/01/2033
471,000
515,965
1,895,000
1,880,788
1,035,000
1,053,113
680,000
710,600
471,000
499,415
Anadarko Petroleum Corp.
BP Capital Markets PLC
4.750%, 03/10/2019
Bumi Investment Pte, Ltd.
10.750%, 10/06/2017 (S)
Chesapeake Energy Corp.
6.125%, 02/15/2021
CNOOC Finance 2003, Ltd.
5.500%, 05/21/2033 (S)
DCP Midstream LLC
9.750%, 03/15/2019 (S)
Devon Financing Corp. ULC
7.875%, 09/30/2031
Drummond Company, Inc.
7.375%, 02/15/2016
Duke Capital LLC
6.750%, 02/15/2032
El Paso Pipeline Partners Operating
Company LLC
6.500%, 04/01/2020
Enbridge Energy Partners LP
7.500%, 04/15/2038
Energy Transfer Partners LP
Enersis SA
7.375%, 01/15/2014
Enterprise Products Operating LLC
(7.034% to 01/15/2018, then higher of
7.034% or 3 month LIBOR + 2.680%)
01/15/2068
Enterprise Products Operating LLC
Enterprise Products Operating LLC
(7.000% to 06/01/2017, then 3 month
LIBOR + 2.778%)
06/01/2067
EV Energy Partners LP/EV Energy
Finance Corp.
8.000%, 04/15/2019 (S)
Gibson Energy ULC/GEP Midstream
Finance Corp.
10.000%, 01/15/2018
GS Caltex Corp.
5.500%, 08/25/2014 (S)
Kerr-McGee Corp.
6.950%, 07/01/2024
885,000
977,184
5.800%, 03/15/2035
402,000
383,985
6.950%, 01/15/2038
1,960,000
2,112,866
7.300%, 08/15/2033
603,000
673,176
7.750%, 03/15/2032
620,000
721,340
Kinder Morgan Energy Partners LP
14
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Active Bond Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Energy (continued)
Linn Energy LLC/Linn Energy
Finance Corp.
8.625%, 04/15/2020 (S)
$
540,000
$
599,400
Marathon Oil Corp.
6.800%, 03/15/2032
1,785,000
1,978,931
730,000
737,565
1,285,000
1,283,394
930,000
1,023,000
740,000
845,745
5.875%, 03/10/2035
598,000
567,193
6.400%, 05/15/2037
2,375,000
2,370,606
4.800%, 09/01/2020
585,000
574,559
7.650%, 04/15/2018
1,335,000
1,556,060
1,435,000
1,522,135
1,445,000
1,624,796
1,500,000
1,874,303
775,000
798,250
Marathon Petroleum Corp.
6.500%, 03/01/2041 (S)
MarkWest Energy Partners LP/MarkWest
Energy Finance Corp.
6.500%, 08/15/2021
McMoRan Exploration Company
11.875%, 11/15/2014
Motiva Enterprises LLC
6.850%, 01/15/2040 (S)
Nexen, Inc.
NuStar Logistics LP
ONEOK Partners LP
6.650%, 10/01/2036
Petro-Canada
6.050%, 05/15/2018
Plains All American Pipeline LP / PAA
Finance Corp.
8.750%, 05/01/2019
Precision Drilling Corp.
6.625%, 11/15/2020 (S)
Ras Laffan Liquefied Natural Gas
Company, Ltd. III
5.838%, 09/30/2027 (S)
1,175,000
1,178,255
790,000
898,625
940,000
1,044,188
2,025,000
2,126,979
320,000
345,600
1,285,000
1,288,752
4,450,000
4,674,592
680,000
717,400
6.500%, 08/01/2036
2,400,000
2,399,714
7.000%, 03/15/2038
2,000,000
2,118,354
2,070,000
2,420,871
Regency Energy Partners LP/Regency
Energy Finance Corp.
9.375%, 06/01/2016
Spectra Energy Capital LLC
6.200%, 04/15/2018
Talisman Energy, Inc.
6.250%, 02/01/2038
Thermon Industries, Inc.
9.500%, 05/01/2017
TransCanada Pipelines, Ltd. (6.350% to
05/15/2017, then 3 month
LIBOR + 2.210%)
05/15/2067
Transocean, Inc.
6.800%, 03/15/2038
Trinidad Drilling, Ltd.
7.875%, 01/15/2019 (S)
Weatherford International, Ltd.
Williams Partners LP
7.250%, 02/01/2017
71,558,591
Financials - 22.72%
Aflac, Inc.
6.900%, 12/17/2039
640,000
671,421
8.500%, 05/15/2019
1,075,000
1,297,958
2,005,000
2,232,969
1,000,000
1,092,979
Allied World Assurance Company
Holdings, Ltd.
7.500%, 08/01/2016
AMB Property LP
6.125%, 12/01/2016
Active Bond Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Financials (continued)
American Express Bank FSB
6.000%, 09/13/2017
$
1,585,000 $
1,753,906
4,040,000
4,713,775
2,000,000
2,050,002
1,300,000
1,399,125
American Express Company
7.000%, 03/19/2018
American International Group, Inc.
5.450%, 05/18/2017
American International Group, Inc.
(8.175% to 05/15/2038, then 3 month
LIBOR + 4.195%)
05/15/2058
AON Corp.
8.205%, 01/01/2027
900,000
999,380
3,000,000
3,114,186
750,000
943,125
5.625%, 02/15/2014
461,000
487,220
6.750%, 02/15/2034
1,955,000
1,915,220
1,845,000
1,208,475
2,245,000
2,200,100
925,000
818,625
2,840,000
2,477,900
455,000
448,175
295,000
305,237
5.650%, 05/01/2018
1,950,000
2,034,458
5.750%, 12/01/2017
1,203,000
1,265,625
6.500%, 08/01/2016
815,000
900,542
7.625%, 06/01/2019
2,065,000
2,388,709
5.300%, 03/15/2017
390,000
399,977
6.000%, 10/15/2036
1,015,000
986,591
5.140%, 10/14/2020
760,000
718,354
6.050%, 12/04/2017 (S)
775,000
806,270
500,000
495,683
1,250,000
1,233,778
1,950,000
2,164,559
425,000
448,590
1,000,000
978,271
1,110,000
1,118,657
533,750
527,738
191,000
206,135
Arch Capital Group, Ltd.
7.350%, 05/01/2034
Aries Vermogensverwaltung GmbH
9.600%, 10/25/2014
Assurant, Inc.
Assured Guaranty Municipal
Holdings, Inc. (6.400% to 12/15/2036,
then 1 month LIBOR + 2.215%)
12/15/2066 (S)
Astoria Depositor Corp., Series B
8.144%, 05/01/2021 (S)
AXA SA (6.379% to 12/14/2036, then
3 month LIBOR + 2.256%)
12/14/2036 (Q)(S)
AXA SA (6.463% to 12/14/2018, then
3 month LIBOR + 1.449%)
12/14/2018 (Q)(S)
Banco de Credito del Peru
4.750%, 03/16/2016 (S)
Banco Santander Chile
5.375%, 12/09/2014 (S)
Bank of America Corp.
Bank of America NA
Barclays Bank PLC
BB&T Corp.
3.200%, 03/15/2016
BBVA Bancomer SA
6.500%, 03/10/2021 (S)
Beaver Valley Funding
9.000%, 06/01/2017
BioMed Realty LP
6.125%, 04/15/2020
Blackstone Holdings Finance
Company LLC
5.875%, 03/15/2021 (S)
BNP Paribas
5.000%, 01/15/2021
Bosphorus Financial Services, Ltd.
2.113%, 02/15/2012 (P)(S)
Boston Properties LP
6.250%, 01/15/2013
15
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Active Bond Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Financials (continued)
BPCE SA (12.500% to 09/30/2019, then
3 month LIBOR + 12.980%)
09/30/2019 (Q)(S)
$
1,108,000 $
1,243,032
945,000
1,066,134
1,506,000
1,611,167
7.200%, 07/01/2025 (S)
83,414
56,304
07/01/2020 (P)(S)
760,544
64,646
368,126
391,134
804,000
858,516
1,520,000
1,908,834
6.150%, 09/01/2016
1,680,000
1,837,023
6.750%, 09/15/2017
1,930,000
2,217,033
4,340,000
2,014,515
2,500,000
2,356,250
825,000
868,313
2,405,000
2,392,975
5.000%, 09/15/2014
3,500,000
3,651,253
5.850%, 12/11/2034
945,000
926,640
6.125%, 11/21/2017 to 05/15/2018
7,323,000
7,970,169
6.375%, 08/12/2014
2,050,000
2,264,079
Brandywine Operating Partnership LP
7.500%, 05/15/2015
BRE Properties, Inc.
5.500%, 03/15/2017
BTA Bank JSC
BTA Bank JSC (10.750% to 01/01/2013,
then 12.500%)
07/01/2018 (S)
Camden Property Trust
5.000%, 06/15/2015
Capital One Bank USA NA
8.800%, 07/15/2019
Capital One Financial Corp.
Capmark Financial Group, Inc.
5.875%, 05/10/2012 (H)
Catlin Insurance Company, Ltd. (7.249%
to 01/19/2017, then 3 month
LIBOR + 2.975%)
01/19/2017 (Q)(S)
Chubb Corp. (6.375% until 04/15/2017,
then 3 month LIBOR + 2.250%)
03/29/2067
Chuo Mitsui Trust & Banking
Company, Ltd. (5.506% to 04/15/2015,
then 3 month LIBOR + 2.490%)
04/15/2015 (S)
Citigroup, Inc.
CNA Financial Corp.
6.500%, 08/15/2016
3,930,000
4,282,714
7.250%, 11/15/2023
1,400,000
1,526,360
975,000
1,033,500
1,375,000
1,408,880
1,235,000
1,346,469
645,000
654,675
1,495,000
1,195,297
4.375%, 08/05/2020
1,495,000
1,458,051
5.300%, 08/13/2019
1,110,000
1,165,227
4.883%, 08/15/2020 (S)
2,130,000
2,128,877
6.113%, 01/15/2020 (S)
1,070,000
1,158,447
1,285,000
1,447,953
1,435,000
1,608,080
725,000
796,568
CNO Financial Group, Inc.
9.000%, 01/15/2018 (S)
Commonwealth Bank of Australia
5.000%, 03/19/2020 (S)
CommonWealth REIT
6.650%, 01/15/2018
Country Garden Holdings Company
11.125%, 02/23/2018 (S)
Credit Suisse AG (3 month
LIBOR + 0.690% to 05/15/2017, then
3 month LIBOR + 1.690%)
05/15/2017
Credit Suisse New York
Crown Castle Towers LLC
Developers Diversified Realty Corp.
7.500%, 04/01/2017
Dexus Property Group
7.125%, 10/15/2014 (S)
Discover Bank
7.000%, 04/15/2020
Active Bond Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Financials (continued)
Discover Financial Services
10.250%, 07/15/2019
$
1,570,000 $
2,017,362
879,000
941,305
5.950%, 02/15/2017
2,050,000
2,208,916
6.250%, 05/15/2013
750,000
811,334
6.750%, 03/15/2020
1,330,000
1,480,480
8.250%, 08/15/2019
730,000
875,575
2,600,000
2,560,639
1,025,000
1,147,532
2,730,000
3,002,222
1,065,000
1,089,605
0.793%, 08/15/2036 (P)
1,820,000
1,420,545
5.300%, 02/11/2021
575,000
583,120
Dresdner Bank AG
7.250%, 09/15/2015
Duke Realty LP
Endurance Specialty Holdings, Ltd.
7.000%, 07/15/2034
ERAC USA Finance LLC
6.375%, 10/15/2017 (S)
ERP Operating LP
5.750%, 06/15/2017
First Tennessee Bank NA
5.050%, 01/15/2015
General Electric Capital Corp.
5.625%, 05/01/2018
1,435,000
1,548,758
5.900%, 05/13/2014
2,000,000
2,205,566
6.000%, 08/07/2019
980,000
1,068,517
1,400,000
1,382,797
1,405,000
1,239,913
635,000
632,894
2,290,000
2,367,099
5.750%, 12/15/2014 (S)
660,000
706,445
6.800%, 06/15/2018 (S)
770,000
844,534
4.625%, 07/15/2013
417,000
434,697
6.300%, 03/15/2018
1,210,000
1,296,694
6.625%, 03/30/2040
590,000
598,013
5.375%, 02/01/2021
1,845,000
1,860,413
6.300%, 09/15/2016
2,480,000
2,728,585
6.450%, 06/25/2012
648,000
684,451
4.950%, 01/15/2021
1,040,000
999,267
6.000%, 11/15/2013
755,000
821,747
6.200%, 06/01/2016
2,855,000
3,120,649
1,485,000
1,634,736
2,128,000
2,263,671
1,119,000
1,159,841
1,000,000
1,019,746
235,000
259,072
1,245,000
1,225,090
825,000
886,463
6.875%, 04/15/2021
830,000
880,286
8.500%, 07/15/2019
1,890,000
2,226,900
Genworth Financial, Inc.
6.515%, 05/22/2018
Glen Meadow Pass-Through Trust
(6.505% to 02/15/2017, then 3 month
LIBOR +2.125%)
02/12/2067 (S)
Goodman Funding Pty, Ltd.
6.375%, 04/15/2021 (S)
GTP Towers Issuer LLC
8.112%, 02/15/2015 (S)
Harley-Davidson Funding Corp.
Hartford Financial Services Group, Inc.
HCP, Inc.
Health Care REIT, Inc.
Healthcare Realty Trust, Inc.
6.500%, 01/17/2017
Hospitality Properties Trust
6.750%, 02/15/2013
HSBC Finance Corp.
6.676%, 01/15/2021 (S)
HSBC Holdings PLC
6.500%, 09/15/2037
Huntington Bancshares, Inc.
7.000%, 12/15/2020
ICICI Bank, Ltd.
5.750%, 11/16/2020 (S)
International Lease Finance Corp.
7.125%, 09/01/2018 (S)
Jefferies Group, Inc.
16
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Active Bond Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Financials (continued)
JPMorgan Chase & Company
3.700%, 01/20/2015
$
770,000
$
791,100
6.000%, 01/15/2018
2,165,000
2,370,171
6.300%, 04/23/2019
2,425,000
2,680,779
1,600,000
1,750,576
350,000
362,250
1,455,000
1,695,447
6.500%, 03/15/2035 (S)
2,837,000
2,666,970
7.500%, 08/15/2036 (S)
5,480,000
5,863,573
7.800%, 03/15/2037 (S)
1,935,000
1,925,325
7.000%, 06/15/2040
410,000
467,987
8.750%, 07/01/2019
2,365,000
2,991,013
2,725,000
2,547,875
855,000
848,588
5.800%, 01/13/2020 (S)
730,000
729,925
6.375%, 01/21/2021
1,165,000
1,212,629
1,570,000
1,267,775
520,000
416,000
635,000
635,000
5.125%, 01/15/2015
2,000,000
2,127,926
7.750%, 08/15/2019
935,000
1,125,190
685,000
683,664
JPMorgan Chase & Company, Series 1
(7.900% to 04/30/2018, then 3 month
LIBOR + 3.470%)
04/30/2018 (Q)
Kazkommertsbank JSC
8.500%, 04/16/2013
Kimco Realty Corp.
6.875%, 10/01/2019
Liberty Mutual Group, Inc.
Lincoln National Corp.
Lincoln National Corp. (6.050% to
04/20/17, then 3 month
LIBOR + 2.040%)
04/20/2067
Lincoln National Corp. (7.000% to
5/17/2016, then 3 month
LIBOR + 2.358%)
05/17/2066
Lloyds TSB Bank PLC
Lloyds TSB Group PLC (6.267% to
11/01/2016, then 3 month LIBOR
+1.035%)
11/14/2016 (Q)(S)
Lloyds TSB Group PLC (6.413% to
10/01/2035, then 3 month
LIBOR + 1.496%)
10/01/2035 (Q)(S)
Longfor Properties Company, Ltd.
9.500%, 04/07/2016 (S)
Mack-Cali Realty LP
Macquarie Bank, Ltd.
6.625%, 04/07/2021 (S)
Macquarie Group, Ltd.
6.000%, 01/14/2020 (S)
920,000
924,882
7.300%, 08/01/2014 (S)
750,000
831,320
1,605,000
1,722,317
645,000
882,076
6.875%, 04/25/2018
3,785,000
4,197,016
7.750%, 05/14/2038
4,865,000
5,585,954
400,000
552,000
5.950%, 12/28/2017
1,265,000
1,356,711
6.625%, 04/01/2018
470,000
515,713
7.300%, 05/13/2019
1,375,000
1,544,623
BRL
4,330,000
2,532,784
$
1,525,000
1,437,471
Markel Corp.
6.800%, 02/15/2013
Massachusetts Mutual Life Insurance
Company
8.875%, 06/01/2039 (S)
Merrill Lynch & Company, Inc.
MetLife, Inc.
10.750%, 08/01/2039
Morgan Stanley
10.090%, 05/03/2017 (S)
National City Bank
0.680%, 06/07/2017 (P)
Active Bond Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Financials (continued)
Nationstar Mortgage/Nationstar
Capital Corp.
10.875%, 04/01/2015 (S)
$
1,200,000 $
1,236,000
515,000
509,328
1,130,000
1,071,649
630,000
554,762
930,000
1,066,732
1,127,000
1,020,611
3,380,000
4,442,811
2,000,000
2,190,362
370,000
401,450
485,000
476,367
3,100,000
3,242,984
Nationwide Financial Services
5.375%, 03/25/2021 (S)
Nationwide Mutual Insurance Company
(5.810% to 12/15/2014, then 3 month
LIBOR + 2.290%)
12/15/2024 (S)
Nelnet, Inc. (7.400% to 09/29/2011, then
3 month LIBOR + 3.375%)
09/29/2036
New York Life Insurance Company
6.750%, 11/15/2039 (S)
Oil Casualty Insurance, Ltd.
8.000%, 09/15/2034 (S)
Pacific Life Insurance Company
9.250%, 06/15/2039 (S)
PartnerRe Finance A LLC
6.875%, 06/01/2018
Pinafore LLC/Pinafore, Inc.
9.000%, 10/01/2018 (S)
Post Apartment Homes LP
4.750%, 10/15/2017
ProLogis
5.625%, 11/15/2016
6.625%, 05/15/2018
1,075,000
1,162,502
7.625%, 08/15/2014
2,041,000
2,333,120
6.200%, 01/15/2015
1,600,000
1,763,715
7.375%, 06/15/2019
530,000
621,497
857,000
1,116,243
560,000
555,800
1,530,000
1,673,288
490,000
549,746
1,500,000
1,380,000
0.479%, 06/26/2012 (P)
695,000
670,960
4.875%, 04/26/2013
500,000
507,246
7.750%, 11/10/2014
1,245,000
1,344,600
1,140,000
1,146,908
480,000
502,470
5.750%, 12/01/2015
1,500,000
1,665,528
5.875%, 03/01/2017
1,520,000
1,684,522
6.100%, 05/01/2016
1,000,000
1,128,159
10.350%, 04/01/2019
980,000
1,349,204
2,350,000
2,255,100
1,650,000
1,711,786
Prudential Financial, Inc.
Rabobank Nederland NV (11.000% to
06/30/2019, then 3 month
LIBOR + 10.868%)
06/30/2019 (Q)
Realogy Corp.
7.875%, 02/15/2019 (S)
Realty Income Corp.
5.950%, 09/15/2016
Reckson Operating Partnership LP
7.750%, 03/15/2020
Regions Bank/Birmingham AL
6.450%, 06/26/2037
Regions Financial Corp.
Santander Issuances SA (6.500% to
11/15/2014, then 3 month
LIBOR + 3.920%)
08/11/2019 (S)
Silicon Valley Bank
6.050%, 06/01/2017
Simon Property Group LP
StanCorp Financial Group, Inc. (6.900%
to 06/01/2017, then 3 month
LIBOR + 0.251%)
06/01/2067
Symetra Financial Corp.
6.125%, 04/01/2016 (S)
17
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Active Bond Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Financials (continued)
Teachers Insurance & Annuity
Association of America
6.850%, 12/16/2039 (S)
$
1,630,000 $
1,837,869
4,385,000
3,727,250
455,000
529,310
5.375%, 03/15/2020
700,000
709,733
5.950%, 01/18/2018
1,475,000
1,581,377
6.150%, 04/01/2018
2,005,000
2,170,062
6.750%, 10/01/2037
2,585,000
2,607,306
7.500%, 02/15/2019
2,860,000
3,317,852
1,000,000
1,038,296
3,055,000
3,226,572
1,840,000
2,006,152
1,165,000
1,311,598
1,600,000
1,778,808
1,810,000
1,520,400
2,810,000
2,873,096
5.600%, 05/15/2015
830,000
876,514
6.150%, 08/15/2019
699,000
734,324
5.850%, 02/01/2037
1,050,000
1,071,510
6.600%, 01/15/2038
815,000
915,517
1,070,000
1,338
1,500,000
1,633,023
2,000,000
2,317,196
855,000
980,016
985,000
989,158
1,180,000
1,293,260
Textron Financial Corp. (6.000% to
02/15/2017, then 3 month
LIBOR + 1.735%)
02/15/2067 (S)
The Bear Stearns Companies LLC
7.250%, 02/01/2018
The Goldman Sachs Group, Inc.
The Royal Bank of Scotland PLC
4.875%, 03/16/2015
Transatlantic Holdings, Inc.
5.750%, 12/14/2015
UBS AG/Stamford CT
5.875%, 12/20/2017
Unum Group
7.125%, 09/30/2016
UnumProvident Finance Company PLC
6.850%, 11/15/2015 (S)
USB Realty Corp. (6.091% to
01/15/2012, then 3 month
LIBOR + 1.147%)
01/15/2012 (Q)(S)
Vornado Realty LP
4.250%, 04/01/2015
W.R. Berkley Corp.
Wachovia Bank NA
Washington Mutual Bank
01/15/2015 (H)
WCI Finance LLC/WEA Finance LLC
5.700%, 10/01/2016 (S)
WEA Finance LLC
7.125%, 04/15/2018 (S)
WEA Finance LLC/WT Finance
Australia Pty, Ltd.
6.750%, 09/02/2019 (S)
Wells Fargo & Company
3.676%, 06/15/2016
Wells Fargo Bank NA
5.750%, 05/16/2016
White Mountains Re Group, Ltd.
(7.506% to 06/30/2017, then 3 month
LIBOR + 3.200%)
06/30/2017 (Q)(S)
3,500,000
3,348,170
900,000
891,914
1,330,000
1,438,495
865,000
915,180
1,715,000
1,573,513
Willis Group Holdings PLC
5.750%, 03/15/2021
Willis North America, Inc.
7.000%, 09/29/2019
Woodside Finance, Ltd.
4.500%, 11/10/2014 (S)
XL Group PLC. (6.500% to 4/15/2017,
then 3 month LIBOR + 2.458%)
04/15/2017 (Q)
Active Bond Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Financials (continued)
Yanlord Land Group, Ltd.
10.625%, 03/29/2018 (S)
$
1,040,000 $
1,043,952
304,785,150
Health Care - 0.84%
Alere, Inc.
7.875%, 02/01/2016
1,010,000
1,054,188
8.625%, 10/01/2018
495,000
524,081
580,000
570,575
825,000
859,031
1,007,813
1,034,268
190,000
214,938
1,485,000
1,728,980
1,680,000
1,830,599
540,000
536,458
6.750%, 10/01/2017 (S)
215,000
211,775
6.875%, 12/01/2018 (S)
830,000
813,400
1,735,000
1,865,895
Bio-Rad Laboratories, Inc.
4.875%, 12/15/2020
BioScrip, Inc.
10.250%, 10/01/2015
Catalent Pharma Solutions, Inc., PIK
9.500%, 04/15/2015
Gentiva Health Services, Inc.
11.500%, 09/01/2018
Medco Health Solutions, Inc.
7.125%, 03/15/2018
Teva Pharmaceutical Finance
Company LLC
6.150%, 02/01/2036
UnitedHealth Group, Inc.
5.800%, 03/15/2036
Valeant
Pharmaceuticals International, Inc.
WellPoint, Inc.
6.375%, 06/15/2037
11,244,188
Industrials - 3.70%
ACCO Brands Corp.
10.625%, 03/15/2015
230,000
259,325
540,000
598,050
Aircastle, Ltd.
9.750%, 08/01/2018
Altra Holdings, Inc.
8.125%, 12/01/2016
645,000
691,763
587,185
613,608
1,365,000
1,291,242
1,291,701
1,378,891
825,000
913,688
715,000
776,669
630,000
663,075
765,000
623,475
551,112
580,045
327,134
346,763
324,844
328,092
1,639,856
1,680,853
America West Airlines 2000-1 Pass
Through Trust
8.057%, 07/02/2020
Asciano Finance, Ltd.
4.625%, 09/23/2020 (S)
BAE Systems Asset Trust
6.664%, 09/15/2013 (S)
BE Aerospace, Inc.
8.500%, 07/01/2018
Bombardier, Inc.
7.750%, 03/15/2020 (S)
Coleman Cable, Inc.
9.000%, 02/15/2018
Colt Defense LLC/Colt Finance Corp.
8.750%, 11/15/2017 (S)
Continental Airlines 1998-1 Class A Pass
Through Trust
6.648%, 09/15/2017
Continental Airlines 1999-1 Class A Pass
Through Trust
6.545%, 02/02/2019
Continental Airlines 2000-2 Class B Pass
Through Trust
8.307%, 04/02/2018
Continental Airlines 2007-1 Class A Pass
Through Trust
5.983%, 04/19/2022
18
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Active Bond Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Industrials (continued)
CSX Corp.
7.375%, 02/01/2019
$
1,540,000 $
1,858,728
1,781,717
1,839,622
Delta Air Lines 2007-1 Class A Pass
Through Trust
6.821%, 08/10/2022
Delta Air Lines 2010-1 Class A Pass
Through Trust
6.200%, 07/02/2018
657,214
681,860
610,000
614,575
6.718%, 01/02/2023
1,646,661
1,675,477
9.500%, 09/15/2014 (S)
768,000
816,000
965,000
1,037,375
350,000
377,125
1,350,000
1,557,249
910,000
989,485
765,000
797,513
310,000
347,975
960,000
1,046,400
755,000
832,388
825,000
852,646
600,000
604,500
1,015,000
1,103,813
1,430,960
1,473,889
1,165,490
1,200,454
7.000%, 04/21/2020 (S)
775,000
847,463
7.500%, 09/15/2015 (Q)(S)
230,000
232,875
622,000
688,088
1,250,000
1,271,538
169,098
173,123
740,000
860,250
1,295,000
1,351,138
1,625,000
1,610,781
Delta Air Lines 2011-1 Class A Pass
Through Trust
5.300%, 04/15/2019
Delta Air Lines, Inc.
Embraer Overseas, Ltd.
6.375%, 01/15/2020
Garda World Security Corp.
9.750%, 03/15/2017 (S)
GATX Corp.
8.750%, 05/15/2014
General Electric Company
5.250%, 12/06/2017
Huntington Ingalls Industries, Inc.
7.125%, 03/15/2021 (S)
Interactive Data Corp.
10.250%, 08/01/2018 (S)
Kansas City Southern de Mexico SA
de CV
8.000%, 02/01/2018
Kratos Defense & Security
Solutions, Inc.
10.000%, 06/01/2017
Masco Corp.
7.125%, 03/15/2020
Navios Maritime Holdings, Inc./Navios
Maritime Finance II U.S., Inc.
8.125%, 02/15/2019 (S)
Niska Gas Storage U.S. LLC/Niska Gas
Storage Canada ULC
8.875%, 03/15/2018
Northwest Airlines 2002-1 Class G-2
Pass Through Trust
6.264%, 11/20/2021
Northwest Airlines 2007-1 Class A Pass
Through Trust
7.027%, 11/01/2019
Odebrecht Finance, Ltd.
RailAmerica, Inc.
9.250%, 07/01/2017
Steelcase, Inc.
6.375%, 02/15/2021
Systems 2001 Asset Trust LLC
7.156%, 12/15/2011 (S)
Terex Corp.
10.875%, 06/01/2016
Textron, Inc.
5.600%, 12/01/2017
The Hertz Corp.
6.750%, 04/15/2019 (S)
TransDigm, Inc.
7.750%, 12/15/2018 (S)
1,450,000
1,556,938
385,000
423,981
Trimas Corp.
9.750%, 12/15/2017
Active Bond Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Industrials (continued)
Tutor Perini Corp.
7.625%, 11/01/2018 (S)
$
890,000
$
916,700
UAL 2009-1 Pass Through Trust
10.400%, 11/01/2016
509,926
583,865
1,144,336
1,304,543
1,300,000
1,453,226
247,000
260,894
1,070,000
1,068,930
1,210,000
1,276,550
1,230,000
1,303,800
625,000
775,756
1,310,000
1,264,150
UAL 2009-2A Pass Through Trust
9.750%, 01/15/2017
Union Pacific Corp.
5.700%, 08/15/2018
United Air Lines, Inc.
9.875%, 08/01/2013 (S)
US Airways 2010-1 Class A Pass
Through Trust
6.250%, 04/22/2023
Voto-Votorantim Overseas Trading
Operations NV
6.625%, 09/25/2019 (S)
Voto-Votorantim, Ltd.
6.750%, 04/05/2021 (S)
Waste Management, Inc.
7.750%, 05/15/2032
Western Express, Inc.
12.500%, 04/15/2015 (S)
49,677,202
Information Technology - 0.58%
Brightstar Corp.
9.500%, 12/01/2016 (S)
1,240,000
1,331,450
545,000
589,963
1,165,000
1,296,325
6.550%, 10/01/2017
945,000
1,079,783
7.125%, 10/01/2037
1,755,000
2,029,782
1,490,000
1,482,550
Equinix, Inc.
8.125%, 03/01/2018
Fiserv, Inc.
6.800%, 11/20/2017
Tyco Electronics Group SA
Vangent, Inc.
9.625%, 02/15/2015
7,809,853
Materials - 2.67%
Alcan, Inc.
5.000%, 06/01/2015
339,000
366,255
560,000
581,581
Alcoa, Inc.
5.720%, 02/23/2019
Allegheny Technologies, Inc.
5.950%, 01/15/2021
375,000
394,248
9.375%, 06/01/2019
805,000
1,018,620
655,000
637,806
6.125%, 06/01/2018
530,000
560,884
6.750%, 03/01/2041
725,000
709,992
9.850%, 06/01/2019
960,000
1,216,849
895,000
935,275
270,000
291,600
1,085,000
1,177,225
755,000
749,962
990,000
1,030,559
481,000
518,929
American Pacific Corp.
9.000%, 02/01/2015
ArcelorMittal
Ball Corp.
6.750%, 09/15/2020
Boise Paper Holdings LLC/Boise CoIssuer Company
8.000%, 04/01/2020
Braskem Finance, Ltd.
7.000%, 05/07/2020 (S)
Cliffs Natural Resources, Inc.
6.250%, 10/01/2040
Commercial Metals Company
7.350%, 08/15/2018
Corporacion Nacional del Cobre
5.500%, 10/15/2013 (S)
19
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Active Bond Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Materials (continued)
FMG Resources August 2006 Pty, Ltd.
7.000%, 11/01/2015 (S)
$
165,000
$
171,188
Georgia-Pacific LLC
5.400%, 11/01/2020 (S)
1,575,000
1,552,977
7.125%, 01/15/2017 (S)
1,240,000
1,315,950
885,000
896,063
7.875%, 10/01/2018
270,000
289,238
9.500%, 06/15/2017
560,000
621,600
965,000
1,010,062
1,275,000
1,264,405
Gerdau Trade, Inc.
5.750%, 01/30/2021 (S)
Graphic Packaging International, Inc.
Incitec Pivot Finance LLC
6.000%, 12/10/2019 (S)
Inkia Energy, Ltd.
8.375%, 04/04/2021 (S)
International Paper Company
7.950%, 06/15/2018
1,000,000
1,201,181
9.375%, 05/15/2019
1,095,000
1,407,745
475,000
485,688
280,000
306,600
1,145,000
1,185,075
480,000
493,800
320,000
368,000
250,000
257,813
420,000
424,200
1,460,000
1,562,200
320,000
353,600
375,000
391,875
720,000
781,200
1,095,000
1,138,800
2,825,000
3,607,525
1,435,000
1,551,314
570,000
558,600
910,000
972,318
270,000
280,800
1,130,000
1,182,214
JMC Steel Group
8.250%, 03/15/2018 (S)
Mercer International, Inc.
9.500%, 12/01/2017 (S)
Metinvest BV
8.750%, 02/14/2018 (S)
Nalco Company
6.625%, 01/15/2019 (S)
PE Paper Escrow GmbH
12.000%, 08/01/2014 (S)
Polymer Group, Inc.
7.750%, 02/01/2019 (S)
Pretium Packaging LLC/Pretium
Finance, Inc.
11.500%, 04/01/2016 (S)
Rain CII Carbon LLC/CII Carbon Corp.
8.000%, 12/01/2018 (S)
Severstal Columbus LLC
10.250%, 02/15/2018
Solo Cup Company
10.500%, 11/01/2013
Solutia, Inc.
7.875%, 03/15/2020
Sterling Chemicals, Inc.
10.250%, 04/01/2015
Teck Resources, Ltd.
10.750%, 05/15/2019
Temple-Inland, Inc.
6.875%, 01/15/2018
U.S. Corrugated, Inc.
10.000%, 06/12/2013
Vale Overseas, Ltd.
6.875%, 11/10/2039
Verso Paper Holdings LLC/Verso
Paper, Inc.
8.750%, 02/01/2019 (S)
Westvaco Corp.
7.950%, 02/15/2031
35,821,816
Telecommunication Services - 2.37%
Affinion Group Holdings, Inc.
11.625%, 11/15/2015 (S)
655,000
666,463
1,260,000
1,297,682
5.350%, 09/01/2040 (S)
580,000
519,098
6.450%, 06/15/2034
217,000
223,223
America Movil SAB de CV
5.000%, 03/30/2020
AT&T, Inc.
Active Bond Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Telecommunication Services (continued)
Axtel SAB de CV
9.000%, 09/22/2019 (S)
$
465,000
$
446,400
Bakrie Telecom Pte, Ltd.
11.500%, 05/07/2015 (S)
1,065,000
1,136,888
6.000%, 11/15/2034
2,000,000
1,956,888
6.550%, 06/15/2034
1,580,000
1,652,552
1,715,000
1,890,309
BellSouth Corp.
British Telecommunications PLC
5.950%, 01/15/2018
Deutsche Telekom
International Finance BV
7.125%, 07/11/2011
EUR
99,000
142,276
8.750%, 06/15/2030
$
1,358,000
1,779,348
2,280,000
2,568,696
1,009,000
1,356,795
1,570,000
1,701,488
1,015,000
1,088,588
8.875%, 12/15/2019
1,150,000
1,265,000
10.000%, 08/15/2016
600,000
684,000
470,000
511,713
1,200,000
1,230,000
1,500,000
1,383,750
370,000
411,625
6.175%, 06/18/2014
1,040,000
1,115,604
7.200%, 07/18/2036
2,885,000
2,893,248
7.721%, 06/04/2038
665,000
703,994
1,715,000
1,901,894
1,160,000
1,247,000
Embarq Corp.
7.995%, 06/01/2036
France Telecom SA
8.500%, 03/01/2031
Frontier Communications Corp.
8.500%, 04/15/2020
Intelsat Jackson Holdings SA
11.500%, 06/15/2016
NII Capital Corp.
SBA Telecommunications, Inc.
8.000%, 08/15/2016
SBA Tower Trust
5.101%, 04/15/2017 (S)
Sprint Capital Corp.
6.875%, 11/15/2028
Telcordia Technologies, Inc.
11.000%, 05/01/2018 (S)
Telecom Italia Capital SA
Verizon Communications, Inc.
6.900%, 04/15/2038
West Corp.
11.000%, 10/15/2016
31,774,522
Utilities - 3.50%
AES Gener SA
7.500%, 03/25/2014
906,000
996,419
1,230,000
1,253,198
1,961,000
1,954,882
Allegheny Energy Supply Company LLC
5.750%, 10/15/2019 (S)
Appalachian Power Company
5.800%, 10/01/2035
Arizona Public Service Company
5.500%, 09/01/2035
1,118,000
1,065,467
762,000
847,121
535,000
627,522
790,000
811,725
1,820,000
1,898,724
1,285,000
1,418,272
BVPS II Funding Corp.
8.890%, 06/01/2017
CenterPoint Energy Houston
Electric LLC
6.950%, 03/15/2033
Cia de Saneamento Basico do Estado de
Sao Paulo
6.250%, 12/16/2020 (S)
CMS Energy Corp.
6.250%, 02/01/2020
Commonwealth Edison Company
5.800%, 03/15/2018
20
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Active Bond Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Utilities (continued)
Dominion Resources, Inc. (6.300% to
09/30/2011, then 3 month
LIBOR + 2.300%)
09/30/2066
$
3,200,000 $
3,144,000
2,335,000
2,553,133
695,000
679,276
21,000
21,624
990,000
1,037,523
1,715,000
1,674,269
1,845,000
1,958,204
1,100,000
1,156,957
1,235,000
1,377,019
Enel Finance International NV
6.250%, 09/15/2017 (S)
Exelon Generation Company LLC
6.250%, 10/01/2039
FirstEnergy Corp.
6.450%, 11/15/2011
FirstEnergy Solutions Corp.
4.800%, 02/15/2015
Integrys Energy Group, Inc. (6.110% to
12/01/2016, then 3 month
LIBOR + 2.120%)
12/01/2066
Israel Electric Corp., Ltd.
7.250%, 01/15/2019 (S)
ITC Holdings Corp.
5.500%, 01/15/2020 (S)
KCP&L Greater Missouri Operations
Company
11.875%, 07/01/2012
Michigan Consolidated Gas Company
5.700%, 03/15/2033
736,000
733,779
1,305,945
1,332,064
2,330,000
2,631,747
6.400%, 03/15/2018
1,672,000
1,867,443
6.800%, 01/15/2019
1,000,000
1,142,475
7.625%, 01/15/2018 (S)
980,000
1,016,750
8.250%, 09/01/2020 (S)
940,000
977,600
625,000
635,325
692,000
736,703
1,160,000
1,144,050
1,000,000
1,115,473
736,000
921,919
634,276
670,645
798,000
863,952
2,157,000
2,412,773
344,000
344,315
2,400,000
2,664,674
397,111
397,663
Midwest Generation LLC, Series B
8.560%, 01/02/2016
Nevada Power Company
6.650%, 04/01/2036
NiSource Finance Corp.
NRG Energy, Inc.
NV Energy, Inc.
6.250%, 11/15/2020
PNPP II Funding Corp.
9.120%, 05/30/2016
PPL Capital Funding, Inc. (6.700% to
03/30/2017, then 3 month
LIBOR + 2.665%)
03/30/2067
PPL Energy Supply LLC
6.500%, 05/01/2018
PSEG Power LLC
8.625%, 04/15/2031
Salton Sea Funding Corp., Series F
7.475%, 11/30/2018
SPI Electricity & Gas Australia
Holdings Pty, Ltd.
6.150%, 11/15/2013 (S)
TransAlta Corp.
6.650%, 05/15/2018
United Energy Distribution Property, Ltd.
4.700%, 04/15/2011 (S)
Veolia Environnement
6.000%, 06/01/2018
W3A Funding Corp.
8.090%, 01/02/2017
Active Bond Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Utilities (continued)
Wisconsin Energy Corp. (6.250% to
05/15/2017, then 3 month
LIBOR + 2.113%)
05/15/2067
$
790,000
$
792,963
46,877,648
TOTAL CORPORATE BONDS (Cost $605,681,492)
CAPITAL PREFERRED SECURITIES - 2.79%
$
656,223,143
Financials - 2.79%
Allfirst Preferred Capital Trust ,
1.803%, 07/15/2029 (P)
1,025,000
838,454
1,900,000
1,332,972
4,650,000
3,580,500
4,170,000
2,884,247
2,150,000
2,093,563
2,995,000
2,583,188
2,045,000
2,076,980
LIBOR + 2.030%) 05/15/2077
4,175,000
3,455,668
MBNA Capital , 1.104%, 02/01/2027
1,157,000
891,173
1,600,000
1,468,000
465,000
561,488
1,349,000
1,126,415
2,170,000
2,320,641
1,890,000
1,952,219
390,000
389,676
1,500,000
1,433,316
1,360,000
1,361,768
1.310%, 06/01/2067 (P)
2,485,000
2,050,490
SunTrust Capital VIII 12/01/2066 (P)
903,000
880,425
425,000
337,875
BAC Capital Trust XIII ,
0.710%, 03/15/2012 (P)(Q)
BAC Capital Trust XIV (5.630% to
03/15/2012, then 3 month
LIBOR + 0.400%) 03/15/2012 (Q)
BAC Capital Trust XV,
1.111%, 06/01/2056 (P)
Fifth Third Capital Trust IV (6.500% to
04/15/2017 then 3 month
LIBOR + 1.368%) 04/15/2067
Goldman Sachs Capital II (5.793% to
06/01/2012, then 3 month
LIBOR + 0.768%) 06/01/2012 (Q)
JPMorgan Chase Capital XX ,
6.550%, 09/15/2066
JPMorgan Chase Capital XXIII (1.250%
to 05/15/2047, then 3 month
Mellon Capital IV (6.244% to
06/20/2012, then 3 month
LIBOR + 0.565%) 06/20/2012 (Q)
MetLife Capital Trust X (9.250% to
04/08/2038 then 3 month
LIBOR + 5.540%) 04/08/2068 (S)
PNC Preferred Funding Trust I (6.113%
to 03/15/2012, then 3 month
LIBOR + 1.223%) 03/15/2012 (Q)(S)
PNC Preferred Funding Trust III
(8.700% to 03/15/2013 then 3 month
LIBOR + 5.226%) 03/15/2013 (Q)(S)
Schwab Capital Trust I (7.500% to
11/15/2017, then 3 month
LIBOR + 2.375%) 11/15/2067
Sovereign Capital Trust VI ,
7.908%, 06/13/2036
Standard Chartered PLC (6.409% to
01/30/2017, then 3 month
LIBOR + 1.510%) 01/30/2017 (Q)(S)
State Street Capital Trust III (5.300% to
06/23/2011, then 3 month
LIBOR + 4.990%) 06/17/2011 (Q)
State Street Capital Trust IV,
SunTrust Preferred Capital I (5.853% to
12/15/2011, then 3 month
LIBOR + 0.645%) 12/15/2011 (Q)
21
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Active Bond Trust (continued)
Shares or
Principal
Amount
Value
CAPITAL PREFERRED SECURITIES (continued)
Financials (continued)
USB Capital IX (6.189% to 04/15/2011,
then 3 month
LIBOR + 1.020%) 04/15/2011 (Q)
4,605,000 $
3,856,688
37,475,746
TOTAL CAPITAL PREFERRED
SECURITIES (Cost $40,085,695)
$
37,475,746
$
918,050
CONVERTIBLE BONDS - 0.16%
Industrials - 0.07%
US Airways Group, Inc.
7.250%, 05/15/2014
$
430,000
Consumer Discretionary - 0.09%
XM Satellite Radio, Inc.
7.000%, 12/01/2014 (S)
955,000
TOTAL CONVERTIBLE BONDS (Cost $1,462,869)
1,265,375
$
2,183,425
TERM LOANS (M) - 0.55%
Energy - 0.19%
Alpha Natural Resources, Inc.
01/27/2012 (T)
2,550,000
2,550,000
570,000
568,894
500,000
505,938
769,588
642,606
1,600,000
1,568,000
600,000
608,250
930,000
911,400
Financials - 0.04%
iStar Financial, Inc.
06/30/2014 (T)
CONSUMER DISCRETIONARY - 0.32%
CCM Merger, Inc.
7.000%, 03/01/2017
East Valley Tourist Development
Authority
12.000%, 08/06/2012
Kalispel Tribal Economic Authority
7.500%, 02/22/2017
Sugerhouse HSP Gaming
11.250%, 09/23/2014
Vertis, Inc.
11.750%, 12/31/2015
4,236,194
TOTAL TERM LOANS (Cost $7,464,487)
$
7,355,088
MUNICIPAL BONDS - 0.56%
California - 0.05%
State of California
7.600%, 11/01/2040
595,000
652,019
4,580,000
4,789,489
1,885,000
2,110,314
District of Columbia - 0.35%
George Washington University
5.095%, 09/15/2032 (P)
New Jersey - 0.16%
New Jersey State Turnpike Authority
7.414%, 01/01/2040
TOTAL MUNICIPAL BONDS (Cost $7,249,604)
$
7,551,822
COLLATERALIZED MORTGAGE
OBLIGATIONS - 20.76%
COMMERCIAL & RESIDENTIAL - 19.64%
American Home Mortgage Assets,
Series 2006-6, Class XP IO
2.361%, 12/25/2046
11,943,473
802,549
Active Bond Trust (continued)
Shares or
Principal
Amount
Value
COMMERCIAL & RESIDENTIAL (continued)
American Home Mortgage
Investment Trust, Series 2004-4,
Class 5A
2.250%, 02/25/2045 (P)
$
2,111,880
$
1,944,497
American Tower Trust
Series 2007-1A, Class C,
5.615%, 04/15/2037 (S)
1,900,000
2,007,295
1,970,000
2,077,634
1,550,000
1,659,015
258,533,182
1,007,866
2,524,154
2,624,619
1,550,000
1,584,195
1,550,000
1,603,883
3,890,000
4,202,320
Series 2007-1A, Class D,
5.957%, 04/15/2037 (S)
Americold LLC Trust,
Series 2010-ARTA, Class D
7.443%, 01/14/2029 (S)
Banc of America
Commercial Mortgage, Inc.
Series 2005-5, Class XC IO,
0.063%, 10/10/2045 (S)
Series 2005-2, Class AJ,
4.953%, 07/10/2043 (P)
Series 2006-4, Class AM,
5.675%, 07/10/2046
Series 2006-2, Class AM,
5.776%, 05/10/2045 (P)
Series 2006-3, Class A4,
5.889%, 07/10/2044 (P)
Banc of America Large Loan, Inc.
Series 2006-BIX1, Class C,
0.435%, 10/15/2019 (P)(S)
5,214,117
4,976,744
5,345,000
5,155,907
1,320,000
1,236,702
999,635
72,779
307,169
312,183
309,899
314,723
26,985,093
418,919
28,591,969
454,444
124,414,252
1,372,376
2,300,000
1,946,696
4,200,000
4,271,468
4,000,000
2,410,506
2,130,000
1,284,165
1,514,268
948,757
2,414,000
2,628,036
1,065,762
44,982
Series 2005-MIB1, Class B,
0.515%, 03/15/2022 (P)(S)
Series 2005-MIB1, Class E,
0.655%, 03/15/2022 (P)(S)
Bear Stearns Alt-A Trust, Series 2005-3,
Class B2
2.580%, 04/25/2035 (P)
Bear Stearns Asset
Backed Securities, Inc.
Series 2004-AC5, Class A1,
5.250%, 10/25/2034
Series 2003-AC4, Class A,
5.500%, 09/25/2033
Bear Stearns Commercial
Mortgage Securities, Inc.
Series 2004-T16, Class X1 IO,
0.276%, 02/13/2046 (S)
Series 2004-PWR5, Class X1 IO,
0.395%, 07/11/2042 (S)
Series 2006-T24, Class AY IO,
0.427%, 10/12/2041 (S)
Series 2006-BBA7, Class G,
0.695%, 03/15/2019 (P)(S)
Series 2005-T20, Class AJ,
5.149%, 10/12/2042 (P)
Series 2005-T18, Series G,
5.296%, 02/13/2042 (P)(S)
Series 2006-PW14, Class D,
5.412%, 12/11/2038 (S)
Bear Stearns Mortgage Funding Trust,
Series 2006-AR4, Class A1
0.460%, 12/25/2036 (P)
Citigroup Commercial Mortgage Trust,
Series 2006-C4, Class A3
5.733%, 03/15/2049 (P)
Citigroup Mortgage Loan Trust, Inc.,
Series 2005-1, Class 2B1
2.518%, 04/25/2035 (P)
22
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Active Bond Trust (continued)
Shares or
Principal
Amount
Value
COMMERCIAL & RESIDENTIAL (continued)
Citigroup/Deutsche Bank Commercial
Mortgage Trust, Series 2005-CD1,
Class C
5.222%, 07/15/2044 (P)
$
1,000,000
$
902,453
Commercial Mortgage Pass Through
Certificates, Series 2007-C9, Class A4
5.815%, 12/10/2049 (P)
3,475,000
3,765,257
488,423
485,599
3,554,733
3,683,777
48,192,941
452,874
1,000,000
973,336
348,919
349,705
3,000,000
2,952,869
4,318,867
4,304,468
4,095,000
4,076,409
2,000,000
1,995,995
2,500,000
2,516,012
703,251
68,144
875,000
779,777
1,000,000
937,471
4,260,000
1,070,325
Countrywide Home Loan Mortgage Pass
Through Trust, Series 2005-12,
Class 2A5
5.500%, 05/25/2035
Countrywide Home Loan Mortgage Pass
Through Trust, Series 2004-HYB2,
Class 4A
2.735%, 07/20/2034 (P)
Credit Suisse First Boston
Mortgage Securities Corp.
Series 2005-C1, Class AX IO,
0.139%, 02/15/2038 (S)
Series 2005-TF2A, Class K,
1.455%, 09/15/2020 (P)(S)
Series 2004-C4, Class A4,
4.283%, 10/15/2039
Series 2005-C4, Class AJ,
5.190%, 08/15/2038 (P)
Credit Suisse Mortgage
Capital Certificates
Series 2006-TFLA, Class A2,
0.415%, 04/15/2021 (P)(S)
Series 2006-TFLA, Class B,
0.485%, 04/15/2021 (P)(S)
DBUBS Mortgage Trust,
Series 2011-LC1A, Class C
5.557%, 11/10/2046 (P)(S)
Extended Stay America Trust,
Series 2010-ESHA, Class B
4.221%, 11/05/2027 (S)
First Horizon Alternative Mortgage
Securities, Series 2004-AA5, Class B1
2.382%, 12/25/2034 (P)
FREMF Mortgage Trust
Series 2011, Class K11,
4.569%, 12/25/2048 (P)(S)
Series 2011-K10, Class B,
4.598%, 11/25/2049 (P)(S)
G-Force LLC, Series 2005-RR2,
Class A4B
5.422%, 12/25/2039 (S)
GE Capital Commercial Mortgage Corp.
Series 2005-C1, Class XC IO,
0.264%, 06/10/2048 (S)
72,413,177
890,682
132,034,443
673,098
6,500,000
6,525,141
3,096,263
2,971,849
735,191
763,416
2,470,876
2,294,723
160,482,411
1,940,874
Series 2005-C1, Class XP IO,
0.465%, 06/10/2048
Series 2005-C3, Class AJ,
5.065%, 07/10/2045 (P)
Series 2005-C2, Class C,
5.133%, 05/10/2043 (P)
Series 2002-2A, Class A3,
5.349%, 08/11/2036
GMAC Mortgage Corp Loan Trust,
Series 2004-AR2, Class 3A
3.406%, 08/19/2034 (P)
Greenwich Capital
Commercial Funding Corp.
Series 2005-GG3, Class XC IO,
0.425%, 08/10/2042 (S)
Active Bond Trust (continued)
Shares or
Principal
Amount
Value
COMMERCIAL & RESIDENTIAL (continued)
Greenwich Capital Commercial
Funding Corp. (continued)
Series 2002-C1, Class A2,
4.112%, 01/11/2017
$
328,857
$
331,473
Series 2007-GG9, Class A4,
5.444%, 03/10/2039
3,045,000
3,218,465
1,695,000
1,177,096
1,555,000
1,611,688
90,959,487
1,551,487
55,216,866
1,251,446
24,355,829
1,536,853
14,243,842
1,105,322
1,500,000
1,491,450
7,940,000
8,418,400
1,467,188
1,344,194
1,559,094
692,860
Series 2007-GG9, Class C,
5.554%, 03/10/2039 (P)
Series 2006-GG7, Class AM,
5.890%, 07/10/2038 (P)
GS Mortgage Securities Corp. II
Series 2005-GG4, Class XC IO,
0.285%, 07/10/2039 (S)
Series 2006-GG8, Class X IO,
0.629%, 11/10/2039 (S)
Series 2011-GC3, Class X IO,
1.345%, 03/10/2044 (S)
Series ALF, Class XA1 IO,
3.914%, 02/10/2021 (S)
Series 2011-ALF, Class D,
4.209%, 02/10/2021 (S)
Series 2007-GG10, Class A4,
5.808%, 08/10/2045 (P)
GSR Mortgage Loan Trust
Series 2005-AR6, Class 3A1,
2.772%, 09/25/2035 (P)
Series 2004-9, Class B1,
3.589%, 08/25/2034 (P)
Harborview Mortgage Loan Trust
Series 2007-6, Class ES IO,
0.342%, 08/19/2037 (S)
34,037,469
216,478
41,604,659
272,511
49,718,827
272,956
18,895,181
1,002,680
10,834,401
500,271
522,021
373,656
52,014,485
2,340,652
33,678,223
1,515,520
1,608,752
15,074
985,027
110,138
87,307,951
1,968,043
27,541,207
2,032,536
3,000,000
3,004,943
2,390,000
2,454,544
1,000,000
970,542
1,265,000
1,176,778
5,990,000
6,410,992
Series 2007-3, Class ES IO,
0.350%, 05/19/2047
Series 2007-4, Class ES IO,
0.350%, 07/19/2047 (P)
Series 2005-8, Class 1X IO,
2.401%, 09/19/2035 (P)
Series 2005-11, Class X IO,
2.440%, 08/19/2045
Series 2004-7, Class 2A3,
2.545%, 11/19/2034 (P)
IndyMac Index Mortgage Loan Trust
Series 2005-AR18, Class 2X IO,
1.913%, 10/25/2036
Series 2005-AR18, Class 1X IO,
2.225%, 10/25/2036
Series 2005-AR5, Class B1,
2.699%, 05/25/2035 (P)
Series 2004-AR13, Class B1,
5.296%, 01/25/2035
JPMorgan Chase Commercial
Mortgage Securities Corp.
Series 2006-LDP8, Class X IO,
0.565%, 05/15/2045
Series 2011-C3A, Class XA IO,
1.550%, 02/15/2046 (S)
Series 2005-LDP3, Class AJ,
4.969%, 08/15/2042 (P)
Series 2005-LDP3, Class A4B,
4.996%, 08/15/2042 (P)
Series 2005-IDP4, Class AJ,
5.040%, 10/15/2042 (P)
Series 2005-LDP4, Class B,
5.129%, 10/15/2042 (P)
Series 2005-LDP5, Class A4,
5.202%, 12/15/2044 (P)
23
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Active Bond Trust (continued)
Shares or
Principal
Amount
COMMERCIAL & RESIDENTIAL (continued)
Value
JPMorgan Chase Commercial Mortgage
Securities Corp. (continued)
Series 2007-LDPX, Class A2S,
5.305%, 01/15/2049
$
2,325,000
$
2,366,173
Series 2005-LDP5, Class AJ,
5.323%, 12/15/2044 (P)
1,000,000
1,024,728
2,460,000
1,699,612
1,500,000
1,405,922
3,200,000
3,298,929
2,990,000
3,148,453
4,530,000
4,670,808
5,000,000
4,689,078
2,300,000
2,210,051
2,200,000
2,352,933
2,430,000
2,507,547
1,839,772
157,898
37,258,325
725,729
359,156
359,248
1,000,000
1,015,792
2,990,000
2,581,075
2,805,000
2,883,570
2,410,000
2,535,876
1,502,000
1,649,561
1,462,025
1,425,784
2,699,656
2,591,489
4,330,000
4,201,767
2,250,000
2,055,733
245,265,883
1,206,463
Series 2005-LDP5, Class G,
5.357%, 12/15/2044 (P)(S)
Series 2011-C3A, Class C,
5.360%, 02/15/2046 (P)(S)
Series 2006-LDP8, Class AM,
5.440%, 05/15/2045
Series 2007-CB18, Class A4,
5.440%, 06/12/2047
Series 2006-LDP8, Class A3B,
5.447%, 05/15/2045
Series 2007-LDPX Class AM,
5.464%, 01/15/2049 (P)
Series 2006-LDP8, Class AJ,
5.480%, 05/15/2045 (P)
Series 2007-LD11, Class A4,
5.818%, 06/15/2049 (P)
Series 2006-LDP7, Class AM,
5.863%, 04/15/2045 (P)
JPMorgan Mortgage Trust,
Series 2006-A7, Class 2A5
5.653%, 01/25/2037 (P)
LB-UBS Commercial Mortgage Trust
Series 2005-C1, Class XCL IO,
0.407%, 02/15/2040 (S)
Series 2005-C1, Class A2,
4.310%, 02/15/2030
Series 2005-C5, Class AJ,
5.057%, 09/15/2040 (P)
Series 2005-C2, Class E,
5.342%, 04/15/2040 (P)
Series 2006-C6, Class AM,
5.413%, 09/15/2039
Series 2007-C2, Class A3,
5.430%, 02/15/2040
Series 2006-C4, Class A4,
5.876%, 06/15/2038 (P)
Mastr Adjustable Rate Mortgages Trust
Series 2004-13, Class 2A1,
2.820%, 04/21/2034 (P)
Series 2004-8, Class 5A1,
2.842%, 08/25/2034 (P)
Merrill Lynch Floating Trust
Series 2006-1, Class A2,
0.385%, 06/15/2022 (P)(S)
Series 2006-1, Class D,
0.455%, 06/15/2022 (P)(S)
Merrill Lynch Mortgage Trust
Series 2005-CIP1, Class XC IO,
0.094%, 07/12/2038 (S)
Series 2005-CIP1, Class XP IO,
0.141%, 07/12/2038
137,864,856
627,271
98,776,759
1,532,758
54,018,172
1,135,408
1,588,012
1,692,197
1,000,000
986,624
Series 2006-C2, Class X IO,
0.361%, 08/12/2043 (S)
Series 2008-C1, Class X IO,
0.553%, 02/12/2051 (S)
Series 2004-KEY2, Class A4,
4.864%, 08/12/2039 (P)
Series 2005-LC1, Class AJ,
5.331%, 01/12/2044 (P)
Active Bond Trust (continued)
Shares or
Principal
Amount
Value
COMMERCIAL & RESIDENTIAL (continued)
Merrill Lynch/Countrywide
Commercial Mortgage Trust
Series 2007-5, Class A4,
5.378%, 08/12/2048
$
2,000,000 $
2,069,260
2,985,000
3,263,621
105,716
96,315
1,117,941
641,093
420,866
210,659
272,372
122,663
2,467,081
2,330,375
68,681,083
869,290
32,563,713
960,783
3,000,000
88,800
3,000,000
67,500
3,560,000
3,628,763
2,500,000
2,540,692
1,500,000
1,485,078
3,030,000
3,165,779
2,715,000
2,865,534
Series 2006-2, Class A4,
5.909%, 06/12/2046 (P)
MLCC Mortgage Investors, Inc.
Series 2005-A, Class A1,
0.480%, 03/25/2030 (P)
Series 2007-3, Class M1,
5.469%, 09/25/2037 (P)
Series 2007-3, Class M2,
5.469%, 09/25/2037 (P)
Series 2007-3, Class M3,
5.469%, 09/25/2037 (P)
Series 2006-3, Class 2A1,
5.866%, 10/25/2036 (P)
Morgan Stanley Capital I
Series 2005-T17, Class X1 IO,
0.220%, 12/13/2041 (S)
Series 2005-IQ9, Class X1 IO,
0.350%, 07/15/2056 (S)
Series 2007-SRR3, Class A,
0.554%, 12/20/2049 (P)(S)
Series 2007-SRR3, Class B,
0.654%, 12/20/2049 (P)(S)
Series 2005-HQ7, Class AJ,
5.203%, 11/14/2042 (P)
Series 2011-C1, Class B,
5.238%, 09/15/2047 (P)(S)
Series 2011-C1, Class C,
5.238%, 09/15/2047 (P)(S)
Series 2007-IQ13, Class A4,
5.364%, 03/15/2044
Series 2008-HQ8, Class AM,
5.451%, 03/12/2044 (P)
Series 2007-T27, Class A4,
5.646%, 06/11/2042 (P)
955,000
1,047,312
1,700,000
1,785,684
1,469,000
1,626,197
1,000,000
967,004
580,000
435,000
1,667,420
394,808
33,368,360
1,714,480
465,422
460,700
219,632
195,026
1,837,210
1,305,073
238,404
238,343
Series 2006-IQ11, Class AM,
5.730%, 10/15/2042 (P)
Series 2006-T23, Class A4,
5.806%, 08/12/2041 (P)
Morgan Stanley Capital IMSC,
Series 2006-IQ11, Class B
5.730%, 10/15/2042 (P)
Multi Security Asset Trust,
Series 2005-RR4A, Class F
5.880%, 11/28/2035 (P)(S)
Provident Funding Mortgage Loan Trust,
Series 2005-1, Class B1
2.706%, 05/25/2035 (P)
Residential Accredit Loans, Inc.
Series 2005-QO4, Class X IO,
2.450%, 12/25/2045
Series 2004-QS16, Class 1A1,
5.500%, 12/25/2034
Sequoia Mortgage Trust, Series 2005-3,
Class A1
0.454%, 05/20/2035 (P)
Structured Asset Securities Corp.
Series 2003-6A, Class B1,
2.758%, 03/25/2033 (P)
Series 1998-RF2, Class A,
8.010%, 07/15/2027 (P)(S)
24
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Active Bond Trust (continued)
Shares or
Principal
Amount
Value
COMMERCIAL & RESIDENTIAL (continued)
Thornburg Mortgage Securities Trust,
Series 2004-1, Class II2A
1.796%, 03/25/2044 (P)
$
2,342,195 $
2,196,471
2,300,000
2,455,171
42,766,720
320,921
Timberstar Trust, Series 2006-1A,
Class A
5.668%, 10/15/2036 (S)
Wachovia Bank
Commercial Mortgage Trust
Series 2005-C17, Class XC IO,
0.119%, 03/15/2042 (S)
Series 2005-C19, Class AJ,
4.793%, 05/15/2044
1,862,483
1,832,331
1,000,000
943,592
2,500,000
2,218,923
2,000,000
2,006,326
3,235,000
2,966,894
2,121,844
2,053,712
4,105,362
666,904
3,674,197
652,820
2,156,652
400,913
2,105,928
1,262,075
48,549,380
2,429,411
21,086,916
1,089,841
832,951
800,497
682,533
676,337
1,186,495
1,133,922
2,562,511
725,383
2,150,000
2,174,969
Series 2005-C16, Class D,
5.044%, 10/15/2041 (P)
Series 2005-C16, Class E,
5.153%, 10/15/2041 (P)(S)
Series 2006-C29, Class AM,
5.339%, 11/15/2048
Series 2006-C29, Class AJ,
5.368%, 11/15/2048 (P)
WaMu Commercial Mortgage
Securities Trust, Series 2007-SL3,
Class A
5.940%, 03/23/2045 (P)(S)
WaMu Mortgage Pass
Through Certificates
Series 2005-AR6, Class B1,
0.850%, 04/25/2045 (P)
Series 2005-AR13, Class B1,
0.850%, 10/25/2045 (P)
Series 2005-AR19, Class B1,
0.950%, 12/25/2045 (P)
Series 2006-AR4, Class 1A1B,
1.252%, 05/25/2046 (P)
Series 2005-AR13, Class X IO,
1.557%, 10/25/2045
Series 2005-AR8, Class X IO,
1.755%, 07/25/2045
Series 2005-AR12, Class 1A2,
2.725%, 10/25/2035 (P)
Washington Mutual Mortgage PassThrough, Series 2005-1, Class 6A1
6.500%, 03/25/2035
Wells Fargo Mortgage
Backed Securities Trust
Series 2005-AR5, Class 1A1,
5.095%, 04/25/2035 (P)
Series 2006-AR15, Class A3,
5.366%, 10/25/2036 (P)
WF-RBS Commercial Mortgage Trust,
Series 2011-C2, Class B
5.174%, 02/15/2044 (P)(S)
263,428,284
U.S. GOVERNMENT AGENCY - 1.12%
Federal Home Loan Mortgage Corp.
Series K011, Class X1 IO,
0.540%, 12/25/2048
58,703,340
1,500,000
1,691,126
186,686
2,639,261
289,480
3,176,129
536,218
Series 3630, Class BI IO,
4.000%, 05/15/2027
Series 3623, Class LI IO,
4.500%, 01/15/2025
Series 3794, Class PI IO,
4.500%, 02/15/2038
Series 3581, Class IO,
6.000%, 10/15/2039
2,619,084
521,876
Active Bond Trust (continued)
Shares or
Principal
Amount
Value
U.S. GOVERNMENT AGENCY (continued)
Federal Home Loan Mortgage Corp. (continued)
Series T-41, Class 3A,
7.222%, 07/25/2032
$
136,743
$
155,868
Federal National Mortgage Association
Series 2010-14, Class AI IO,
4.000%, 08/25/2027
5,206,105
569,369
5,166,280
590,090
7,074,748
1,612,164
3,880,116
911,107
3,964,470
665,853
5,155,183
1,100,854
3,450,983
747,779
6,158,057
1,408,644
3,439,458
400,758
6,480,189
1,168,898
9,243,837
1,645,628
41,623
45,677
249,077
285,056
5,507,764
724,038
Series 2010-36, Class BI IO,
4.000%, 03/25/2028
Series 402, Class 4 IO,
4.000%, 10/25/2039
Series 402, Class 3 IO,
4.000%, 11/25/2039
Series 2009-109, Class IW IO,
4.500%, 04/25/2038
Series 398, Class C3 IO,
4.500%, 05/25/2039
Series 401, Class C2 IO,
4.500%, 06/25/2039
Series 402, Class 7 IO,
4.500%, 11/25/2039
Series 2009-47, Class EI IO,
5.000%, 08/25/2019
Series 2009-50, Class GI IO,
5.000%, 05/25/2039
Series 2009-78, Class IB IO,
5.000%, 06/25/2039
Series 2001-50, Class BA,
7.000%, 10/25/2041
Series 2002-W3, Class A5,
7.500%, 11/25/2041
Government National Mortgage
Association, Series 2010-78, Class AI
IO
4.500%, 04/20/2039
15,066,043
TOTAL COLLATERALIZED MORTGAGE
OBLIGATIONS (Cost $282,847,005)
$
278,494,327
ASSET BACKED SECURITIES - 3.98%
Aegis Asset Backed Securities Trust,
Series 2004-3, Class A1
0.610%, 09/25/2034 (P)
Amresco Residential Securities Mortgage
Loan Trust, Series 1998-1, Class A6
1,128,017
1,016,923
6.510%, 08/25/2027
15,791
15,984
1,577,477
1,530,152
1,260,000
315,000
1,255,000
483,840
383,488
142,145
1,087,572
954,039
1,511,618
1,305,194
1,684,175
1,463,617
Anthracite, Ltd., Series 2002-CIBA,
Class A
0.702%, 05/24/2017 (P)(S)
Arbor Realty Mortgage Securities
Series 2006-1A, Class C,
0.903%, 01/26/2042 (P)(S)
Series 2006-1A, Class F,
1.353%, 01/26/2042 (P)(S)
Argent Securities, Inc., Series 2004-W1,
Class M3
1.700%, 03/25/2034 (P)
Asset Backed Funding Certificates,
Series 2005-HE1, Class M1
0.670%, 03/25/2035 (P)
Bayview Financial Acquisition Trust,
Series 2006-A, Class 2A3
0.598%, 02/28/2041 (P)
Bravo Mortgage Asset Trust,
Series 2006-1A, Class A2
0.490%, 07/25/2036 (P)(S)
25
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Active Bond Trust (continued)
Shares or
Principal
Amount
Value
ASSET BACKED SECURITIES (continued)
Capital Trust Re CDO, Ltd.,
Series 2005-1A, Class E
2.354%, 03/20/2050 (H)(P)(S)
$
834,000
$
4,854
Carrington Mortgage Loan Trust
Series 2006-NC4, Class A5,
0.310%, 10/25/2036 (P)
667,700
537,874
1,115,000
1,021,124
5,000,000
1,042,450
285,696
164,055
Series 2005-OPT2, Class M2,
0.700%, 05/25/2035 (P)
Cedarwoods Credit CDO, Ltd.,
Series 2007-2A, Class B
0.630%, 02/25/2052 (P)(S)
Centex Home Equity, Series 2005-A,
Class M4
1.050%, 01/25/2035 (P)
Centex Home Equity Loan Trust,
Series 2004-D, Class AF4
4.680%, 06/25/2032
780,000
771,998
13,546
13,407
896,316
778,597
2,008,031
1,880,794
2,560,000
1,664,716
1,992,332
1,984,721
2,400,000
2,004,696
1,423,370
1,016,080
5,025,000
0
1,445,000
1,470,288
1,740,000
1,770,450
264,651
147,252
341,712
86,486
840,000
775,174
1,420,000
1,548,799
8,670,000
953,440
3,365,839
1,197,364
2,000,000
0
ContiMortgage Home Equity Loan Trust,
Series 1995-2, Class A-5
8.100%, 08/15/2025
Countrywide Asset-Backed Certificates,
Series 2006-3, Class 2A2
0.430%, 06/25/2036 (P)
Credit-Based Asset Servicing
and Securitization LLC
Series 2005-CB2, Class M1,
0.690%, 04/25/2036 (P)
Series 2006-MH1, Class B1,
6.250%, 10/25/2036 (S)
Crest, Ltd.
Series 2002-IGA, Class A,
0.754%, 07/28/2017 (P)(S)
Series 2003-1A, Class B1,
1.261%, 05/28/2038 (P)(S)
CW Capital Cobalt, Ltd.,
Series 2005-1A, Class A1
0.592%, 05/25/2045 (P)(S)
Dillon Read CMBS CDO, Ltd.,
Series 2006-1A, Class A3
1.010%, 12/05/2046 (H)(S)
Dominos Pizza Master Issuer LLC
Series 2007-1, Class A2,
5.261%, 04/25/2037 (S)
Series 2007-1, Class M1,
7.629%, 04/25/2037 (S)
Equity One ABS, Inc.
Series 2004-1, Class M2,
5.115%, 04/25/2034
Series 2004-1, Class M3,
5.260%, 04/25/2034
Fremont Home Loan Trust,
Series 2005-1, Class M3
0.760%, 06/25/2035 (P)
Hertz Vehicle Financing LLC,
Series 2009-2A, Class A2
5.290%, 03/25/2016 (S)
Highland Park CDO, Ltd.,
Series 2006-1A, Class A2
0.712%, 11/25/2051 (P)(S)
JER CDO
Series 2006-2A, Class AFL,
0.580%, 03/25/2045 (P)(S)
Series 2006-2A, Class FFL,
1.750%, 03/25/2045 (H)(P)(S)
Active Bond Trust (continued)
Shares or
Principal
Amount
Value
ASSET BACKED SECURITIES (continued)
Leaf Capital Funding SPE A LLC
Series 2010-A, Class B,
5.255%, 12/15/2020 (P)(S)
$
425,000
$
425,000
Series 2010-A, Class C,
7.255%, 12/15/2020 (P)(S)
500,000
500,000
500,000
500,000
450,000
450,000
1,458,484
1,420,135
3,300,000
0
405,148
349,571
1,700,000
1,532,023
999,898
931,727
2,765,579
2,448,837
1,835,000
458,750
980,000
771,247
1,820,000
1,692,016
701,121
598,026
2,275,000
2,153,071
2,355,000
2,136,027
2,874,839
2,726,612
1,500,000
455,310
346,766
345,767
310,000
260,063
Series 2010-A, Class D,
10.255%, 12/15/2020 (P)(S)
Series 2010-A, Class E1,
14.755%, 12/15/2020 (P)(S)
Leaf II Receivables Funding LLC,
Series 2011-1, Class A
1.700%, 12/20/2018 (S)
LNR CDO, Ltd., Series 2006-1A,
Class BFL
0.798%, 05/28/2043 (H)(S)
Long Beach Mortgage Loan Trust,
Series 2004-1, Class M3
1.300%, 02/25/2034 (P)
Merrill Lynch Mortgage Investors, Inc.
Series 2005-HE2, Class A2C,
0.620%, 09/25/2036 (P)
Series 2005-WMC1, Class M1,
0.750%, 09/25/2035 (P)
N-Star Real Estate CDO, Ltd.
Series 2005-4A, Class A,
0.598%, 07/27/2040 (P)(S)
Series 2006-8A, Class E,
0.994%, 02/01/2041 (P)(S)
New Century Home Equity Loan Trust,
Series 2005-1, Class M1
0.700%, 03/25/2035 (P)
Novastar Home Equity Loan,
Series 2004-4, Class M3
1.330%, 03/25/2035 (P)
Option One Mortgage Loan Trust,
Series 2004-1, Class M1
1.150%, 01/25/2034 (P)
Park Place Securities, Inc.
Series 2005-WCH1, Class M2,
0.770%, 01/25/2036 (P)
Series 2004-WHQ2, Class M2,
0.880%, 02/25/2035 (P)
Prima Capital, Ltd., Series 2006-CR1A,
Class A1
7.000%, 12/25/2048
RAIT Preferred Funding, Ltd.,
Series 2007-2A, Class B
1.050%, 06/25/2045 (P)(S)
Renaissance Home Equity Loan Trust
Series 2005-2, Class AF3,
4.499%, 08/25/2035
Series 2005-2, Class AF4,
4.934%, 08/25/2035
Residential Asset
Mortgage Products, Inc.
Series 2004-RZ3, Class AI4,
4.572%, 05/25/2033
195,685
181,539
248,541
221,141
2,425,000
2,261,897
607,663
429,838
Series 2004-RS9, Class AI-4,
4.767%, 10/25/2032
Residential Asset Securities Corp.,
Series 2005-KS4, Class M1
0.660%, 05/25/2035 (P)
Structured Asset Securities Corp.,
Series 2004-6XS, Class M1
4.920%, 03/25/2034
26
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Active Bond Trust (continued)
Shares or
Principal
Amount
Value
ASSET BACKED SECURITIES (continued)
Trapeza CDO LLC, Series 2007-12A,
Class B
0.863%, 04/06/2042 (P)(S)
$
3,042,916 $
441,284
1,553,618
1,567,896
Wells Fargo Home Equity Trust,
Series 2004-2, Class AI5
4.890%, 05/25/2034
TOTAL ASSET BACKED SECURITIES (Cost $83,962,402)
$
53,319,290
COMMON STOCKS - 0.01%
Consumer Discretionary - 0.01%
Greektown Superholdings, Inc. (I)
821
73,126
1,781
36,671
Financials - 0.00%
BTA Bank JSC (I)(S)
TOTAL COMMON STOCKS (Cost $135,472)
$
109,797
$
1,427,258
PREFERRED SECURITIES - 0.53%
Consumer Discretionary - 0.11%
Greektown
Superholdings, Inc., Series A (I)
16,024
Consumer Staples - 0.14%
Ocean Spray Cranberries, Inc.,
Series A, 6.250% (S)
22,216
1,841,151
13,414
950,516
Energy - 0.07%
Apache Corp., Series D, 6.000% (L)
Financials - 0.15%
Bank of America Corp.,
Series MER, 8.625%
25,000
659,500
10,400
284,960
42,340
1,079,670
Citigroup Capital XIII (7.875% to
10/30/2015, then
3 month LIBOR + 6.370%)
GMAC Capital Trust I (8.125% to
02/15/2016, then
3 month LIBOR + 5.785%)
2,024,130
Telecommunication Services - 0.06%
Telephone & Data Systems, Inc.,
Series A, 7.600%
34,835
TOTAL PREFERRED SECURITIES (Cost $6,980,132)
875,404
$
7,118,459
SECURITIES LENDING COLLATERAL - 0.92%
John Hancock Collateral
Investment Trust, 0.2867% (W)(Y)
1,228,342
12,291,894
TOTAL SECURITIES LENDING
COLLATERAL (Cost $12,291,902)
$
12,291,894
SHORT-TERM INVESTMENTS - 0.26%
Money Market Funds* - 0.26%
State Street Institutional
U.S. Government Money Market
Fund, 0.0248%
$
3,469,664 $
3,469,664
$
3,469,664
$
1,331,545,456
TOTAL SHORT-TERM INVESTMENTS (Cost $3,469,664)
Total Investments (Active Bond Trust)
(Cost $1,310,976,317) - 99.28%
Other assets and liabilities, net - 0.72%
9,661,668
TOTAL NET ASSETS - 100.00%
$
1,341,207,124
All Cap Core Trust
Shares or
Principal
Amount
Value
COMMON STOCKS - 99.44%
Consumer Discretionary - 12.27%
Auto Components - 0.62%
Autoliv, Inc. (L)
29,100
$
2,160,093
Dana Holding Corp. (I)
11,400
198,246
Standard Motor Products, Inc.
7,200
99,576
2,457,915
Distributors - 0.07%
Core-Mark Holding Company, Inc. (I)(L)
8,300
274,315
Apollo Group, Inc., Class A (I)
9,600
400,416
Corinthian Colleges, Inc. (I)(L)
39,500
174,590
Diversified Consumer Services - 0.15%
575,006
Hotels, Restaurants & Leisure - 1.97%
Brinker International, Inc.
6,400
161,920
Darden Restaurants, Inc.
23,200
1,139,816
International Speedway Corp., Class A
11,800
351,640
Marcus Corp.
5,600
61,040
Marriott International, Inc., Class A
6,700
238,386
McDonald’s Corp.
23,500
1,788,115
Resorts Worldwide, Inc. (L)
34,300
1,993,516
Wynn Resorts, Ltd.
16,200
2,061,450
Starwood Hotels &
7,795,883
Household Durables - 0.06%
Blyth, Inc.
7,200
233,928
22,200
429,570
261,700
6,469,224
Communications, Inc., Series A (I)(L)
21,500
857,850
Madison Square Garden, Inc., Class A (I)
2,000
53,980
The Walt Disney Company
162,500
7,002,125
Time Warner, Inc.
54,300
1,938,510
Leisure Equipment & Products - 0.11%
Jakks Pacific, Inc. (I)(L)
Media - 4.13%
Comcast Corp., Class A
Discovery
16,321,689
Multiline Retail - 1.89%
Dillard’s, Inc., Class A (L)
68,000
2,728,160
J.C. Penney Company, Inc.
37,100
1,332,261
Macy’s, Inc.
130,500
3,165,930
Tuesday Morning Corp. (I)
48,500
237,650
7,464,001
Specialty Retail - 2.40%
Home Depot, Inc.
134,900
4,999,394
Hot Topic, Inc.
70,100
399,570
Pep Boys - Manny, Moe & Jack (L)
5,700
72,447
Shoe Carnival, Inc. (I)
7,000
196,350
Stage Stores, Inc.
15,500
297,910
The Gap, Inc.
25,600
580,096
TJX Companies, Inc.
55,400
2,755,042
Williams-Sonoma, Inc.
4,400
178,200
9,479,009
Textiles, Apparel & Luxury Goods - 0.87%
Perry Ellis International, Inc. (I)
4,200
115,584
The Timberland Company, Class A (I)
9,300
383,997
VF Corp. (L)
29,600
2,916,488
3,416,069
48,447,385
27
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
All Cap Core Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Consumer Staples - 6.80%
Beverages - 1.20%
Coca-Cola Enterprises, Inc.
45,500
Dr. Pepper Snapple Group, Inc.
11,700
$
1,242,150
434,772
Molson Coors Brewing Company
20,600
965,934
The Coca-Cola Company
31,700
2,103,295
4,746,151
Food & Staples Retailing - 1.03%
Casey’s General Stores, Inc.
3,900
152,100
Walgreen Company
52,400
2,103,336
Whole Foods Market, Inc. (L)
27,200
1,792,480
4,047,916
Food Products - 2.04%
Archer-Daniels-Midland Company
40,800
1,469,208
B&G Foods, Inc.
7,400
138,898
Hormel Foods Corp.
12,300
342,432
Smart Balance, Inc. (I)
41,900
192,321
The J.M. Smucker Company
19,100
1,363,549
Tyson Foods, Inc., Class A
237,700
4,561,463
8,067,871
Household Products - 0.61%
Central Garden & Pet Company, Class A (I)
14,200
130,782
Colgate-Palmolive Company
28,000
2,261,280
2,392,062
Personal Products - 0.49%
Elizabeth Arden, Inc. (I)(L)
5,100
153,051
18,600
1,792,296
The Estee Lauder
Companies, Inc., Class A (L)
1,945,347
Tobacco - 1.43%
Lorillard, Inc.
28,000
2,660,280
Philip Morris International, Inc.
45,500
2,986,165
5,646,445
26,845,792
Energy - 13.14%
Energy Equipment & Services - 2.03%
Basic Energy Services, Inc. (I)
4,400
112,244
Helmerich & Payne, Inc.
19,000
1,305,110
Lufkin Industries, Inc.
2,400
224,328
McDermott International, Inc. (I)
22,500
571,275
Nabors Industries, Ltd. (I)
78,300
2,378,754
Oceaneering International, Inc. (I)(L)
900
80,505
Oil States International, Inc. (I)
4,477
340,879
Pioneer Drilling Company (I)
9,200
126,960
Rowan Companies, Inc. (I)
41,200
1,820,216
RPC, Inc. (L)
15,700
397,524
SEACOR Holdings, Inc.
7,300
674,958
8,032,753
Oil, Gas & Consumable Fuels - 11.11%
Chesapeake Energy Corp.
40,600
1,360,912
Chevron Corp.
98,600
10,592,598
ConocoPhillips
100,200
8,001,972
Exxon Mobil Corp.
174,500
14,680,685
Hess Corp.
32,700
2,786,367
Marathon Oil Corp.
42,600
2,271,006
Noble Energy, Inc.
6,300
608,895
Southwestern Energy Company (I)
40,600
1,744,582
Stone Energy Corp. (I)(L)
10,700
357,059
Valero Energy Corp.
46,800
1,395,576
All Cap Core Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Oil, Gas & Consumable Fuels (continued)
W&T Offshore, Inc.
3,200
$
72,928
43,872,580
51,905,333
Financials - 16.19%
Capital Markets - 1.19%
American Capital, Ltd. (I)
135,400
1,340,460
BGC Partners, Inc., Class A
9,300
86,397
BlackRock, Inc.
12,500
2,512,625
Franklin Resources, Inc.
1,300
162,604
Invesco, Ltd.
23,900
610,884
4,712,970
Commercial Banks - 3.59%
Cathay General Bancorp (L)
15,300
260,865
Fifth Third Bancorp
158,700
2,202,756
KeyCorp
240,400
2,134,752
M&T Bank Corp. (L)
8,900
787,383
MB Financial, Inc.
4,200
88,032
Pinnacle Financial Partners, Inc. (I)(L)
7,000
115,780
Prosperity Bancshares, Inc.
1,300
55,601
Regions Financial Corp.
186,800
1,356,168
Signature Bank (I)
1,200
67,680
SunTrust Banks, Inc.
174,300
5,026,812
Susquehanna Bancshares, Inc. (L)
28,500
266,475
Synovus Financial Corp.
144,200
346,080
Texas Capital Bancshares, Inc. (I)(L)
2,600
67,574
Wells Fargo & Company
4,500
142,650
Wintrust Financial Corp.
4,000
147,000
Zions Bancorporation
48,300
1,113,798
14,179,406
Consumer Finance - 0.42%
Capital One Financial Corp.
31,600
1,641,936
Bank of America Corp.
205,700
2,741,981
CME Group, Inc.
9,000
2,713,950
JPMorgan Chase & Company
207,014
9,543,345
PHH Corp. (I)(L)
48,400
1,053,668
The NASDAQ OMX Group, Inc. (I)
7,600
196,384
Diversified Financial Services - 4.11%
16,249,328
Insurance - 3.55%
Aflac, Inc.
6,800
358,904
Company Holdings, Ltd.
28,977
1,816,568
American National Insurance Company
1,500
118,755
Aspen Insurance Holdings, Ltd. (L)
8,000
220,480
Axis Capital Holdings, Ltd.
5,900
206,028
Chubb Corp. (L)
37,900
2,323,649
Endurance Specialty Holdings, Ltd. (L)
5,300
258,746
Everest Re Group, Ltd.
3,100
273,358
Fidelity National Financial, Inc., Class A
38,600
545,418
Hartford Financial Services Group, Inc.
9,700
261,221
Lincoln National Corp.
17,200
516,688
Markel Corp. (I)
300
124,335
Reinsurance Group of America, Inc.
14,700
922,866
Stewart Information Services Corp.
9,300
97,464
The Travelers Companies, Inc.
93,000
5,531,640
Validus Holdings, Ltd.
11,500
383,295
Wesco Financial Corp.
152
59,158
Allied World Assurance
14,018,573
Real Estate Investment Trusts - 2.82%
American Capital Agency Corp.
18,100
28
527,434
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
All Cap Core Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Real Estate Investment Trusts (continued)
Ashford Hospitality Trust, Inc. (L)
71,600
Capstead Mortage Corp.
6,200
$
789,032
79,236
CommonWealth
6,100
158,417
HCP, Inc. (L)
138,600
5,258,484
Hospitality Properties Trust (L)
38,100
882,015
Lexington Realty Trust (L)
16,700
156,145
Nationwide Health Properties, Inc.
1,800
76,554
Parkway Properties, Inc.
3,100
52,700
Piedmont Office Realty Trust, Inc., Class A
17,100
331,911
Post Properties, Inc.
4,100
160,925
Rayonier, Inc.
42,600
2,654,406
11,127,259
Thrifts & Mortgage Finance - 0.51%
Capitol Federal Financial, Inc.
21,900
246,813
Mortgage Corp., Class C (L)
9,100
173,901
People’s United Financial, Inc. (L)
126,600
1,592,628
Federal Agricultural
2,013,342
63,942,814
Health Care - 11.79%
Biotechnology - 3.02%
Biogen Idec, Inc. (I)
73,200
5,372,148
Cephalon, Inc. (I)(L)
86,400
6,547,392
11,919,540
Health Care Equipment & Supplies - 0.29%
Hologic, Inc. (I)
28,200
626,040
Stryker Corp.
8,300
504,640
1,130,680
Health Care Providers & Services - 5.20%
Aetna, Inc.
8,300
310,669
AMERIGROUP Corp. (I)(L)
30,000
1,927,500
AmerisourceBergen Corp.
31,100
1,230,316
Cardinal Health, Inc.
101,900
4,191,147
CIGNA Corp.
26,400
1,168,992
Coventry Health Care, Inc. (I)
85,277
2,719,484
Health Net, Inc. (I)
22,900
748,830
Healthspring, Inc. (I)
6,600
246,642
Kindred Healthcare, Inc. (I)(L)
48,200
1,151,016
Magellan Health Services, Inc. (I)
4,700
230,676
Molina Healthcare, Inc. (I)
3,900
156,000
UnitedHealth Group, Inc.
139,600
6,309,920
Universal American Financial Corp. (L)
7,000
160,370
20,551,562
Life Sciences Tools & Services - 0.38%
Agilent Technologies, Inc. (I)
6,700
300,026
Life Technologies Corp. (I)
23,300
1,221,386
1,521,412
Pharmaceuticals - 2.90%
Eli Lilly & Company
108,900
3,830,013
Endo Pharmaceuticals Holdings, Inc. (I)(L)
23,600
900,576
Forest Laboratories, Inc. (I)
83,300
2,690,590
Medicis Pharmaceutical Corp., Class A (L)
10,300
330,012
Par Pharmaceutical Companies, Inc. (I)
37,200
1,156,176
The Medicines Company (I)
4,400
71,676
Viropharma, Inc. (I)(L)
124,500
2,477,550
11,456,593
46,579,787
All Cap Core Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Industrials - 10.10%
Aerospace & Defense - 4.64%
Ceradyne, Inc. (I)
16,400
$
739,312
Ducommun, Inc.
5,600
133,840
General Dynamics Corp.
72,000
5,512,320
Honeywell International, Inc.
51,700
3,087,007
Huntington Ingalls Industries, Inc. (I)
11,865
492,404
Lockheed Martin Corp. (L)
27,800
2,235,120
Northrop Grumman Corp.
71,191
4,464,388
Raytheon Company
33,000
1,678,710
18,343,101
Airlines - 0.25%
Alaska Air Group, Inc. (I)
3,900
247,338
Skywest, Inc.
43,400
734,328
981,666
Building Products - 0.02%
Gibraltar Industries, Inc. (I)
6,200
73,966
Consolidated Graphics, Inc. (I)
2,300
125,649
M&F Worldwide Corp. (I)(L)
7,400
185,888
Commercial Services & Supplies - 0.08%
311,537
Construction & Engineering - 0.47%
Dycom Industries, Inc. (I)
5,700
98,838
EMCOR Group, Inc. (I)
8,000
247,760
Great Lakes Dredge & Dock Corp.
19,300
147,259
Layne Christensen Company (I)
10,600
365,700
MasTec, Inc. (I)
4,700
97,760
Northwest Pipe Company (I)(L)
6,500
149,045
Tutor Perini Corp.
8,900
216,804
URS Corp. (I)
11,300
520,365
1,843,531
Electrical Equipment - 0.01%
EnerSys (I)
1,200
47,700
3M Company
7,000
654,500
Carlisle Companies, Inc.
12,500
556,875
General Electric Company
143,900
2,885,195
Seaboard Corp.
36
86,868
Tyco International, Ltd.
52,500
2,350,425
Industrial Conglomerates - 1.65%
6,533,863
Machinery - 1.61%
Alamo Group, Inc.
3,500
96,075
Colfax Corp. (I)
2,000
45,900
Deere & Company
1,800
174,402
Dover Corp.
48,000
3,155,520
Eaton Corp.
34,400
1,907,136
NACCO Industries, Inc., Class A
1,000
110,670
Oshkosh Corp. (I)
9,900
350,262
Parker Hannifin Corp.
1,300
123,084
Titan International, Inc.
10,800
287,388
Watts Water Technologies, Inc., Class A
2,900
110,751
6,361,188
Road & Rail - 0.71%
AMERCO, Inc. (I)
700
67,900
Avis Budget Group, Inc. (I)
18,300
327,753
Union Pacific Corp.
24,500
2,409,085
2,804,738
Trading Companies & Distributors - 0.66%
Aircastle, Ltd. (L)
59,000
712,130
TAL International Group, Inc.
2,300
83,421
29
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
All Cap Core Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Trading Companies & Distributors (continued)
WW Grainger, Inc. (L)
13,000
$
1,789,840
2,585,391
39,886,681
Information Technology - 20.04%
Communications Equipment - 0.66%
Brocade Communications Systems, Inc. (I)
174,300
1,071,945
Comtech Telecommunications Corp. (L)
27,400
744,732
EchoStar Corp., Class A (I)
20,800
787,280
2,603,957
Computers & Peripherals - 3.32%
Apple, Inc. (I)
13,026
4,538,910
Dell, Inc. (I)
319,900
4,641,749
EMC Corp. (I)
28,800
764,640
Imation Corp. (I)
10,000
111,400
Lexmark International, Inc., Class A (I)
40,500
1,500,120
QLogic Corp. (I)(L)
83,300
1,545,215
13,102,034
Electronic Equipment, Instruments & Components - 3.45%
Anixter International, Inc. (L)
7,300
510,197
Arrow Electronics, Inc. (I)
22,844
956,707
AVX Corp.
18,500
275,835
Brightpoint, Inc. (I)
17,100
185,364
Corning, Inc.
253,300
5,225,579
Ingram Micro, Inc., Class A (I)
46,269
973,037
Molex, Inc.
15,100
379,312
Multi-Fineline Electronix, Inc. (I)
12,500
352,750
Tech Data Corp. (I)
70,106
3,565,591
Vishay Intertechnology, Inc. (I)(L)
67,600
1,199,224
13,623,596
Internet Software & Services - 2.05%
AOL, Inc. (I)(L)
81,200
1,585,836
Earthlink, Inc.
71,100
556,713
Google, Inc., Class A (I)
1,500
879,315
IAC/InterActiveCorp (I)
150,100
4,636,589
SAVVIS, Inc. (I)
11,600
430,244
8,088,697
IT Services - 5.67%
Automatic Data Processing, Inc.
31,900
1,636,789
CACI International, Inc., Class A (I)(L)
6,600
404,712
Computer Sciences Corp.
56,439
2,750,272
Fiserv, Inc. (I)
25,800
1,618,176
International Business Machines Corp.
62,055
10,119,309
Jack Henry & Associates, Inc. (L)
6,000
203,340
Visa, Inc., Class A
77,200
5,683,464
22,416,062
Semiconductors & Semiconductor Equipment - 3.24%
Analog Devices, Inc.
33,000
1,299,540
Applied Materials, Inc.
340,500
5,318,610
Intel Corp.
79,900
1,611,583
KLA-Tencor Corp.
38,500
1,823,745
Micron Technology, Inc. (I)
88,200
1,010,772
Photronics, Inc. (I)
64,300
576,771
SunPower Corp., Class A (I)
67,400
1,155,236
12,796,257
Software - 1.65%
CA, Inc.
47,100
1,138,878
Microsoft Corp.
125,107
3,172,714
Symantec Corp. (I)
116,400
2,158,056
All Cap Core Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Software (continued)
Websense, Inc. (I)
2,200
$
50,534
6,520,182
79,150,785
Materials - 3.37%
Chemicals - 1.98%
E.I. du Pont de Nemours & Company
79,000
4,342,630
Ferro Corp. (I)
20,100
333,459
Georgia Gulf Corp. (I)
9,400
347,800
Lubrizol Corp.
1,800
241,128
Minerals Technologies, Inc.
2,700
185,004
OM Group, Inc. (I)(L)
31,000
1,132,740
Rockwood Holdings, Inc. (I)
12,700
625,094
Stepan Company
1,600
116,000
TPC Group, Inc. (I)
1,400
40,418
W.R. Grace & Company (I)
6,100
233,569
Westlake Chemical Corp. (L)
4,000
224,800
7,822,642
Containers & Packaging - 0.40%
Boise, Inc. (L)
103,100
944,396
Rock-Tenn Company, Class A (L)
9,100
631,085
1,575,481
Metals & Mining - 0.69%
Alcoa, Inc.
30,700
541,855
Freeport-McMoRan Copper & Gold, Inc.
39,600
2,199,780
2,741,635
Paper & Forest Products - 0.30%
Clearwater Paper Corp. (I)
7,100
577,940
Domtar Corp.
4,100
376,298
KapStone Paper and Packaging Corp. (I)
12,400
212,908
1,167,146
13,306,904
Telecommunication Services - 2.35%
Diversified Telecommunication Services - 2.01%
Verizon Communications, Inc.
205,600
7,923,824
Telephone & Data Systems, Inc.
33,800
1,139,060
USA Mobility, Inc.
14,700
213,003
Wireless Telecommunication Services - 0.34%
1,352,063
9,275,887
Utilities - 3.39%
Electric Utilities - 1.42%
Duke Energy Corp.
186,500
3,384,975
PNM Resources, Inc. (L)
12,900
192,468
PPL Corp.
80,300
2,031,590
5,609,033
Independent Power Producers & Energy Traders - 0.98%
GenOn Energy, Inc. (I)
97,500
371,475
NRG Energy, Inc. (I)
162,400
3,498,096
3,869,571
Multi-Utilities - 0.99%
Ameren Corp.
139,900
3,926,992
13,405,596
TOTAL COMMON STOCKS (Cost $357,619,182)
$
392,746,964
30
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
All Cap Core Trust (continued)
Shares or
Principal
Amount
Value
SECURITIES LENDING COLLATERAL - 10.11%
John Hancock Collateral
Investment Trust, 0.2867% (W)(Y)
3,988,393 $
39,911,455
$
39,911,455
TOTAL SECURITIES LENDING
COLLATERAL (Cost $39,912,324)
SHORT-TERM INVESTMENTS - 0.41%
Money Market Funds* - 0.41%
State Street Institutional Liquid Reserves
Fund, 0.1855%
$
1,632,005 $
1,632,005
$
1,632,005
$
434,290,424
TOTAL SHORT-TERM INVESTMENTS (Cost $1,632,005)
Total Investments (All Cap Core Trust)
(Cost $399,163,511) - 109.96%
Other assets and liabilities, net - (9.96%)
(39,344,045)
TOTAL NET ASSETS - 100.00%
$
394,946,379
All Cap Value Trust
Shares or
Principal
Amount
Value
COMMON STOCKS - 99.86%
Consumer Discretionary - 9.51%
Automobiles - 1.19%
Ford Motor Company (I)
328,528
$
4,898,352
Hotels, Restaurants & Leisure - 0.29%
Carnival Corp.
23,200
889,952
Marriott International, Inc., Class A
8,176
290,902
1,180,854
Household Durables - 1.02%
Fortune Brands, Inc.
68,032
4,210,500
Omnicom Group, Inc.
218,131
10,701,507
The Interpublic Group of Companies, Inc.
659,500
8,289,915
The Walt Disney Company
64,751
2,790,121
Time Warner, Inc.
144,200
5,147,940
Media - 6.55%
26,929,483
Specialty Retail - 0.46%
Penske Automotive Group, Inc. (I)
95,178
1,905,464
39,124,653
Consumer Staples - 5.35%
Beverages - 0.97%
Diageo PLC, SADR
44,000
3,353,680
The Coca-Cola Company
9,543
633,178
3,986,858
Food & Staples Retailing - 0.52%
CVS Caremark Corp.
62,800
2,155,296
Food Products - 3.86%
Archer-Daniels-Midland Company
225,934
8,135,883
Bunge, Ltd.
106,955
7,736,055
15,871,938
22,014,092
Energy - 19.43%
Energy Equipment & Services - 3.40%
Gulfmark Offshore, Inc., Class A (I)
24,330
1,082,928
Halliburton Company
118,359
5,899,013
Superior Energy Services, Inc. (I)
50,110
2,054,510
All Cap Value Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Energy Equipment & Services (continued)
Tidewater, Inc.
24,000
Weatherford International, Ltd. (I)
154,500
$
1,436,400
3,491,700
13,964,551
Oil, Gas & Consumable Fuels - 16.03%
Anadarko Petroleum Corp.
100,200
8,208,384
Apache Corp.
20,990
2,748,011
Chevron Corp.
53,165
5,711,516
CONSOL Energy, Inc.
25,000
1,340,750
Devon Energy Corp.
50,300
4,616,031
El Paso Corp.
295,710
5,322,780
EQT Corp. (L)
74,239
3,704,526
Exxon Mobil Corp.
257,201
21,638,320
Forest Oil Corp. (I)
16,000
605,280
Imperial Oil, Ltd.
47,000
2,400,290
QEP Resources, Inc.
59,817
2,424,981
Range Resources Corp.
58,500
3,419,910
Southwestern Energy Company (I)
87,900
3,777,063
65,917,842
79,882,393
Financials - 20.76%
Capital Markets - 8.63%
Affiliated Managers Group, Inc. (I)
39,000
4,265,430
Invesco, Ltd.
132,726
3,392,477
Lazard, Ltd., Class A
165,900
6,898,122
LPL Investment Holdings, Inc. (I)(L)
86,900
3,111,889
State Street Corp.
201,444
9,052,893
The Charles Schwab Corp.
103,700
1,869,711
The Goldman Sachs Group, Inc.
43,600
6,909,292
35,499,814
Commercial Banks - 7.18%
City National Corp.
65,536
3,738,829
Commerce Bancshares, Inc.
47,036
1,902,136
Cullen/Frost Bankers, Inc. (L)
65,651
3,874,722
KeyCorp
211,577
1,878,804
PNC Financial Services Group, Inc.
102,100
6,431,279
Signature Bank (I)
36,500
2,058,600
TCF Financial Corp. (L)
220,964
3,504,489
Wells Fargo & Company
193,036
6,119,241
29,508,100
Diversified Financial Services - 1.43%
Citigroup, Inc. (I)
445,500
1,969,110
JPMorgan Chase & Company
85,224
3,928,826
5,897,936
Insurance - 3.52%
Aflac, Inc.
73,300
3,868,774
Berkshire Hathaway, Inc., Class B (I)
87,015
7,277,064
Marsh & McLennan Companies, Inc.
111,500
3,323,815
14,469,653
85,375,503
Health Care - 17.40%
Biotechnology - 3.41%
Amgen, Inc. (I)
143,949
7,694,074
Celgene Corp. (I)
82,700
4,757,731
Human Genome Sciences, Inc. (I)(L)
57,555
1,579,885
14,031,690
Health Care Equipment & Supplies - 2.41%
Kinetic Concepts, Inc. (I)
93,000
5,061,060
St. Jude Medical, Inc.
4,300
220,418
The Cooper Companies, Inc.
19,197
1,333,232
31
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
All Cap Value Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Health Care Equipment & Supplies (continued)
Zimmer Holdings, Inc. (I)
54,500
$
3,298,885
9,913,595
Health Care Providers & Services - 6.46%
Express Scripts, Inc. (I)
92,300
5,132,803
HCA Holdings, Inc. (I)
73,348
2,484,297
Humana, Inc. (I)
88,688
6,202,839
McKesson Corp.
56,322
4,452,254
UnitedHealth Group, Inc.
182,800
8,262,560
26,534,753
Life Sciences Tools & Services - 0.72%
Thermo Fisher Scientific, Inc. (I)
53,466
2,970,036
Teva Pharmaceutical Industries, Ltd., SADR
149,730
7,511,954
Warner Chilcott PLC, Class A
249,400
5,806,032
Watson Pharmaceuticals, Inc. (I)
85,048
4,763,538
Pharmaceuticals - 4.40%
18,081,524
71,531,598
Industrials - 11.23%
Aerospace & Defense - 2.57%
Rockwell Collins, Inc.
72,200
4,680,726
United Technologies Corp.
69,800
5,908,570
10,589,296
Airlines - 0.78%
Southwest Airlines Company
252,500
3,189,075
13,600
1,271,600
Dover Corp.
62,000
4,075,880
Eaton Corp.
73,978
4,101,340
EnPro Industries, Inc. (I)(L)
7,434
270,003
Kennametal, Inc.
67,082
2,616,198
Pall Corp.
71,980
4,146,768
Parker Hannifin Corp.
37,905
3,588,845
Robbins & Myers, Inc.
27,629
1,270,658
Trinity Industries, Inc. (L)
153,960
5,645,713
WABCO Holdings, Inc. (I)
61,500
3,790,860
Industrial Conglomerates - 0.31%
3M Company
Machinery - 7.18%
29,506,265
Road & Rail - 0.39%
Kansas City Southern (I)
29,655
1,614,715
46,170,951
Information Technology - 10.10%
Computers & Peripherals - 0.27%
EMC Corp. (I)
41,714
1,107,507
250,400
5,165,752
Accenture PLC, Class A
79,027
4,344,114
Fiserv, Inc. (I)
23,700
1,486,464
MasterCard, Inc., Class A
18,409
4,633,913
The Western Union Company
176,827
3,672,697
Electronic Equipment, Instruments & Components - 1.25%
Corning, Inc.
IT Services - 4.36%
VeriFone Systems, Inc. (I)(L)
68,894
3,785,725
17,922,913
Semiconductors & Semiconductor Equipment - 1.97%
Intel Corp.
238,700
4,814,579
Texas Instruments, Inc.
94,700
3,272,832
8,087,411
All Cap Value Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Software - 2.25%
Adobe Systems, Inc. (I)
155,706
Intuit, Inc. (I)
47,100
$
5,163,211
2,501,010
Microsoft Corp.
63,300
1,605,288
9,269,509
41,553,092
Materials - 4.97%
Chemicals - 2.02%
Air Products & Chemicals, Inc.
54,526
4,917,155
LyondellBasell Industries, Class A (I)
86,000
3,401,300
8,318,455
Metals & Mining - 2.95%
Agnico Eagle Mines, Ltd.
29,137
1,933,240
Barrick Gold Corp.
108,423
5,628,240
Reliance Steel & Aluminum Company
78,877
4,557,513
12,118,993
20,437,448
Utilities - 1.11%
Electric Utilities - 1.11%
Nextera Energy, Inc.
82,720
TOTAL COMMON STOCKS (Cost $339,586,563)
4,559,526
$
410,649,256
SECURITIES LENDING COLLATERAL - 3.60%
John Hancock Collateral
Investment Trust, 0.2867% (W)(Y)
1,477,621
14,786,406
TOTAL SECURITIES LENDING
COLLATERAL (Cost $14,786,810)
$
14,786,406
$
425,435,662
Total Investments (All Cap Value Trust)
(Cost $354,373,373) - 103.46%
Other assets and liabilities, net - (3.46%)
TOTAL NET ASSETS - 100.00%
(14,224,404)
$
411,211,258
Alpha Opportunities Trust
Shares or
Principal
Amount
Value
COMMON STOCKS - 96.67%
Consumer Discretionary - 15.76%
Auto Components - 1.36%
Dana Holding Corp. (I)
56,050
Johnson Controls, Inc.
34,680
$
974,710
1,441,648
Modine Manufacturing Company (I)
363,509
5,867,035
SAF-Holland SA (I)
65,207
713,054
Stoneridge, Inc. (I)
94,230
1,377,643
Tenneco, Inc. (I)(L)
62,090
2,635,721
Astra International Tbk PT
62,500
408,430
Dongfeng Motor Group Company, Ltd.
384,000
657,716
Fiat SpA
148,753
1,347,941
Ford Motor Company (I)
119,800
1,786,218
Hyundai Motor Company, Ltd. (I)
4,462
828,196
10,000
289,638
Coinstar, Inc. (I)(L)
40,070
1,840,014
DeVry, Inc.
45,360
2,497,975
Automobiles - 0.52%
Distributors - 0.03%
Jardine Cycle and Carriage, Ltd.
Diversified Consumer Services - 1.03%
32
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Alpha Opportunities Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Diversified Consumer Services (continued)
Estacio Participacoes SA
111,000
ITT Educational Services, Inc. (I)(L)
8,700
$
1,801,672
627,705
Strayer Education, Inc. (L)
7,250
946,053
Weight Watchers International, Inc.
31,200
2,187,120
Chipotle Mexican Grill, Inc. (I)
1,900
517,503
Genting Singapore PLC (I)
377,000
611,870
McDonald’s Corp.
22,370
1,702,133
Hotels, Restaurants & Leisure - 0.49%
Starbucks Corp.
24,000
886,800
Wynn Macau, Ltd.
131,600
366,952
Wynn Resorts, Ltd.
4,700
598,075
100,030
1,812,544
e Participacoes
96,620
542,088
Pulte Group, Inc. (I)(L)
343,300
2,540,420
SodasStream International, Ltd. (I)(L)
18,380
805,228
Stanley Black & Decker, Inc.
55,302
4,236,133
Tempur-Pedic International, Inc. (I)(L)
163,560
8,285,950
Amazon.com, Inc. (I)
14,700
2,647,911
Dena Company, Ltd.
14,900
538,284
Netflix, Inc. (I)
8,400
1,993,572
priceline.com, Inc. (I)
3,090
1,564,900
Brunswick Corp. (L)
439,286
11,171,043
Mattel, Inc.
238,621
5,948,822
CBS Corp., Class B
45,600
1,141,824
Comcast Corp., Class A
271,924
6,721,961
Comcast Corp., Special Class A
168,120
3,903,746
DIRECTV, Class A (I)
16,510
772,668
Sirius XM Radio, Inc. (I)(L)
241,200
400,392
The Interpublic Group of Companies, Inc.
42,400
532,968
The Walt Disney Company
148,700
6,407,483
Maoye International Holdings, Ltd.
980,090
422,658
Nordstrom, Inc.
17,350
778,668
Target Corp.
143,609
7,181,886
Advance Auto Parts, Inc. (L)
15,300
1,003,986
Belle International Holdings, Ltd.
102,000
188,041
Home Depot, Inc.
109,886
4,072,375
Lowe’s Companies, Inc.
550,523
14,550,323
Ross Stores, Inc.
53,600
3,812,032
Staples, Inc.
403,951
7,844,728
Talbots, Inc. (I)(L)
365,730
2,209,009
Ulta Salon, Cosmetics & Fragrance, Inc. (I)
31,320
1,507,432
Fossil, Inc. (I)
19,370
1,814,001
Hanesbrands, Inc. (I)
292,626
7,912,607
Lululemon Athletica, Inc. (I)(L)
35,510
3,162,166
Anheuser-Busch InBev NV
20,125
1,147,967
PepsiCo, Inc.
158,251
10,192,947
CVS Caremark Corp.
155,886
5,350,008
Sysco Corp.
333,091
9,226,621
X5 Retail Group NV, GDR (I)
9,129
384,787
Household Durables - 1.90%
Lennar Corp., Class A (L)
PDG Realty SA Empreendimentos
Internet & Catalog Retail - 0.70%
Leisure Equipment & Products - 1.78%
Media - 2.07%
Multiline Retail - 0.87%
Specialty Retail - 3.67%
Textiles, Apparel & Luxury Goods - 1.34%
Consumer Staples - 7.34%
Beverages - 1.18%
Food & Staples Retailing - 1.56%
Alpha Opportunities Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Food Products - 3.55%
Asian Bamboo AG (L)
23,056
China Agri-Industries Holdings, Ltd.
1,517,112
$
1,134,014
1,705,550
China Green Holdings, Ltd. (L)
2,340,350
1,800,407
China Minzhong Food Corp. Ltd. (I)
806,960
1,044,018
General Mills, Inc.
59,236
2,165,076
Golden Agri-Resources, Ltd.
972,000
530,824
Green Mountain Coffee Roasters, Inc. (I)(L)
306,361
19,793,984
Kraft Foods, Inc., Class A
118,400
3,713,024
PureCircle, Ltd. (I)(L)
937,269
1,663,934
Tyson Foods, Inc., Class A
25,400
487,426
84,666
6,837,626
50,180
3,293,313
Cameron International Corp. (I)
5,900
336,890
Ensco International PLC, ADR (L)
60,220
3,483,125
Hornbeck Offshore Services, Inc. (I)
18,320
565,172
Noble Corp.
11,500
524,630
Sevan Marine ASA (I)
1,704,113
1,865,164
Tidewater, Inc.
31,160
1,864,926
Alpha Natural Resources, Inc. (I)(L)
96,027
5,701,123
Anadarko Petroleum Corp.
171,513
14,050,345
BG Group PLC
183,729
4,564,230
BP PLC, SADR
12,900
569,406
Bumi Resources Tbk PT
7,772,998
2,984,396
Cabot Oil & Gas Corp.
40,100
2,124,097
Canadian Natural Resources, Ltd.
21,015
1,038,771
Cheniere Energy, Inc. (I)(L)
83,240
774,964
Chesapeake Energy Corp.
182,730
6,125,110
Chevron Corp.
35,890
3,855,663
Cobalt International Energy, Inc. (I)(L)
119,685
2,011,905
ConocoPhillips
26,930
2,150,630
CONSOL Energy, Inc.
41,950
2,249,779
Denbury Resources, Inc. (I)
23,300
568,520
EOG Resources, Inc.
26,290
3,115,628
Exxon Mobil Corp.
54,830
4,612,848
Gazprom OAO, SADR
189,945
6,142,821
Imperial Oil, Ltd. (L)
50,730
2,592,227
Inpex Corp.
140
1,053,171
James River Coal Company (I)
67,110
1,622,049
Karoon Gas Australia, Ltd. (I)
343,617
2,542,475
Occidental Petroleum Corp.
28,321
2,959,261
OGX Petroleo e Gas Participacoes SA (I)
39,600
476,612
Paladin Resources, Ltd. (I)
259,520
969,798
Peabody Energy Corp.
38,100
2,741,676
Petroleo Brasileiro SA, ADR
149,013
6,024,596
Household Products - 0.71%
Colgate-Palmolive Company
Tobacco - 0.34%
Philip Morris International, Inc.
Energy - 11.51%
Energy Equipment & Services - 0.90%
Oil, Gas & Consumable Fuels - 10.61%
Rosetta Resources, Inc. (I)(L)
37,500
1,782,750
Royal Dutch Shell PLC, ADR, Class B (L)
41,710
3,054,840
StatoilHydro ASA, SADR (L)
100,560
2,779,478
Ultra Petroleum Corp. (I)(L)
131,522
6,477,459
Uranium One, Inc. (L)
135,590
531,451
Valero Energy Corp.
36,100
1,076,502
Venoco, Inc. (I)
81,330
1,389,930
Whiting Petroleum Corp. (I)
15,600
1,145,820
Ameriprise Financial, Inc.
58,260
3,558,521
BlackRock, Inc.
25,060
5,037,311
Credit Suisse Group AG
17,256
733,297
Financials - 12.04%
Capital Markets - 2.76%
33
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Alpha Opportunities Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Capital Markets (continued)
Credit Suisse Group AG, SADR (I)(L)
37,020
$
1,576,312
Invesco, Ltd.
110,150
2,815,434
TD Ameritrade Holding Corp.
104,270
2,176,115
The Goldman Sachs Group, Inc.
7,900
1,251,913
UBS AG (I)
395,905
7,146,085
UBS AG (Swiss Exchange) (I)
121,110
2,173,900
Banco Bradesco SA, ADR (L)
27,400
568,550
Barclays PLC
600,321
2,693,071
Mitsubishi UFJ Financial Group
254,400
1,174,436
PNC Financial Services Group, Inc.
48,674
3,065,975
U.S. Bancorp
91,670
2,422,838
UCO Bank
263,380
631,778
Wells Fargo & Company
714,592
22,652,566
131,470
1,765,472
Bank of America Corp.
188,451
2,512,052
Great American Group, Inc. (I)
392,600
117,780
ING Groep NV (I)
159,784
2,028,015
JPMorgan Chase & Company
252,973
11,662,055
Justice Holdings, Ltd. (I)
248,263
3,932,850
PHH Corp. (I)(L)
107,650
2,343,541
Commercial Banks - 3.46%
Consumer Finance - 0.18%
Acom Company, Ltd. (I)(L)
Diversified Financial Services - 2.35%
Insurance - 2.65%
ACE, Ltd.
102,465
6,629,486
Ageas
857,952
2,443,603
Assured Guaranty, Ltd.
42,800
637,720
e Administracao SA (I)
100
110,250
Fidelity National Financial, Inc., Class A
138,530
1,957,429
Genworth Financial, Inc., Class A (I)(L)
62,990
847,845
Hartford Financial Services Group, Inc.
23,100
622,083
Marsh & McLennan Companies, Inc.
164,030
4,889,734
MetLife, Inc.
18,800
840,924
Principal Financial Group, Inc. (L)
75,360
2,419,810
Unum Group
153,488
4,029,060
90,560
2,227,776
City Developments, Ltd.
39,000
357,073
Wheelock and Company, Ltd.
102,000
383,237
MGIC Investment Corp. (I)(L)
117,334
1,043,099
Radian Group, Inc. (L)
305,420
2,079,910
Celgene Corp. (I)
57,180
3,289,565
Gilead Sciences, Inc. (I)
23,100
980,364
Momenta Pharmaceuticals, Inc. (I)(L)
40,410
640,499
Novavax, Inc. (I)(L)
1,038,380
2,689,404
Covidien PLC
17,200
893,368
Edwards Lifesciences Corp. (I)
91,720
7,979,640
Gen-Probe, Inc. (I)
98,000
6,502,300
Hologic, Inc. (I)
300,500
6,671,100
Medtronic, Inc.
176,753
6,955,231
Zoll Medical Corp. (I)(L)
28,700
1,286,047
CIGNA Corp.
136,210
6,031,379
Express Scripts, Inc. (I)
118,100
6,567,541
UnitedHealth Group, Inc.
285,193
12,890,724
Brasil Insurance Participacoes
Real Estate Investment Trusts - 0.23%
Weyerhaeuser Company (L)
Real Estate Management & Development - 0.08%
Thrifts & Mortgage Finance - 0.33%
Health Care - 10.95%
Biotechnology - 0.79%
Health Care Equipment & Supplies - 3.15%
Health Care Providers & Services - 2.66%
Alpha Opportunities Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Health Care Technology - 0.49%
SXC Health Solutions Corp. (I)
86,080
$
4,717,184
Life Sciences Tools & Services - 1.20%
Agilent Technologies, Inc. (I)
108,100
4,840,718
Pharmaceutical Product Development, Inc.
208,260
5,770,885
Thermo Fisher Scientific, Inc. (I)
15,800
877,690
Elan Corp. PLC (I)
317,193
2,182,288
Johnson & Johnson
51,410
3,046,043
Pharmaceuticals - 2.66%
Merck & Company, Inc.
136,210
4,496,292
Pfizer, Inc.
639,986
12,998,116
Teva Pharmaceutical Industries, Ltd., SADR
9,100
456,547
UCB SA
61,734
2,345,975
BE Aerospace, Inc. (I)
67,310
2,391,524
DigitalGlobe, Inc. (I)
110,800
3,105,724
Esterline Technologies Corp. (I)
14,200
1,004,224
General Dynamics Corp.
98,453
7,537,562
Goodrich Corp.
14,150
1,210,250
Honeywell International, Inc.
23,240
1,387,660
Huntington Ingalls Industries, Inc. (I)
16,604
689,073
Northrop Grumman Corp.
99,625
6,247,484
Precision Castparts Corp.
9,100
1,339,338
Raytheon Company
11,950
607,897
Safran SA
73,576
2,604,615
The Boeing Company
5,700
421,401
TransDigm Group, Inc. (I)
20,320
1,703,426
Triumph Group, Inc. (L)
10,700
946,415
16,800
1,248,576
AirAsia BHD (I)
3,252,651
2,878,886
Cathay Pacific Airways, Ltd.
479,900
1,146,763
Copa Holdings SA, Class A
23,570
1,244,496
Delta Air Lines, Inc. (I)
260,921
2,557,026
United Continental Holdings, Inc. (I)(L)
86,150
1,980,589
Assa Abloy AB, Series B
21,256
611,094
JS Group Corp.
23,840
619,072
Corrections Corp. of America (I)
54,090
1,319,796
Sykes Enterprises, Inc. (I)
78,660
1,555,108
The Geo Group, Inc. (I)
55,315
1,418,277
Waste Management, Inc.
39,315
1,468,022
Aecom Technology Corp. (I)
209,090
5,798,066
Fluor Corp.
10,570
778,586
Skanska AB, Series B (L)
30,188
635,523
3M Company
45,592
4,262,852
General Electric Company
59,400
1,190,970
Tyco International, Ltd.
70,430
3,153,151
Chart Industries, Inc. (I)
40,980
2,255,539
Fiat Industrial SpA (I)
156,686
2,247,076
Flowserve Corp.
7,150
920,920
Hexagon AB
15,626
372,825
Hyundai Heavy Industries Company, Ltd.
799
376,737
Illinois Tool Works, Inc.
69,200
3,717,424
Joy Global, Inc. (L)
7,300
721,313
Meritor, Inc. (I)(L)
354,086
6,008,839
Industrials - 11.37%
Aerospace & Defense - 3.25%
Air Freight & Logistics - 0.13%
United Parcel Service, Inc., Class B
Airlines - 1.02%
Building Products - 0.13%
Commercial Services & Supplies - 0.60%
Construction & Engineering - 0.75%
Industrial Conglomerates - 0.90%
Machinery - 2.96%
34
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Alpha Opportunities Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Machinery (continued)
Navistar International Corp. (I)
79,893
Pall Corp.
12,700
$
5,538,982
731,647
SKF AB, B Shares
11,030
321,236
Tata Motors, Ltd., SADR (L)
22,890
636,113
United Tractors Tbk PT
94,500
235,614
Volvo AB, Series B (L)
87,538
1,538,117
Wabash National Corp. (I)(L)
106,210
1,229,912
WABCO Holdings, Inc. (I)
22,550
1,389,982
Weichai Power Compnay, Ltd.
29,000
176,209
Avis Budget Group, Inc. (I)(L)
113,580
2,034,218
Con-way, Inc. (L)
44,380
1,743,690
Hertz Global Holdings, Inc. (I)
56,600
884,658
J.B. Hunt Transport Services, Inc.
59,410
2,698,402
Swift Transporation Company (I)
126,200
1,855,140
Union Pacific Corp.
12,300
1,209,459
United Rentals, Inc. (I)(L)
134,998
4,492,733
WESCO International, Inc. (I)(L)
11,700
731,250
Acme Packet, Inc. (I)(L)
48,560
3,445,818
ADTRAN, Inc.
118,670
5,038,728
Alcatel-Lucent, SADR (I)(L)
440,400
2,558,724
Aruba Networks, Inc. (I)
51,600
1,746,144
Cisco Systems, Inc.
198,860
3,410,449
F5 Networks, Inc. (I)
8,490
870,819
Finisar Corp. (I)
49,500
1,217,700
HUGHES Telematics, Inc. (I)(L)
21,300
85,200
JDS Uniphase Corp. (I)
78,990
1,646,152
Juniper Networks, Inc. (I)
32,560
1,370,125
Nokia OYJ, SADR (I)
162,300
1,381,173
Polycom, Inc. (I)
173,075
8,973,939
QUALCOMM, Inc.
77,280
4,237,262
Research In Motion, Ltd. (I)
24,520
1,387,096
ZTE Corp., Class H
124,400
581,150
41,240
14,370,078
Road & Rail - 1.09%
Trading Companies & Distributors - 0.54%
Information Technology - 17.97%
Communications Equipment - 3.96%
Computers & Peripherals - 2.61%
Apple, Inc. (I)
EMC Corp. (I)
351,070
9,320,909
HTC Corp.
35,650
1,395,035
Hon Hai Precision Industry Company, Ltd.
195,020
683,444
Jabil Circuit, Inc.
157,180
3,211,187
Baidu, Inc., SADR (I)
5,700
785,517
E-Access, Ltd. (L)
992
545,016
eBay, Inc. (I)
337,490
10,475,690
Google, Inc., Class A (I)
2,050
1,201,731
KIT Digital, Inc. (I)(L)
216,420
2,605,697
Netease.com, Inc., ADR (I)(L)
15,800
782,258
Quepasa Corpquepasa Corp. (I)(L)
47,880
284,407
Support.com, Inc. (I)
170,690
885,881
Tencent Holdings, Ltd.
25,000
607,435
Automatic Data Processing, Inc.
104,665
5,370,361
Gartner, Inc. (I)(L)
57,800
2,408,526
Teradata Corp. (I)
39,070
1,980,849
The Western Union Company
561,531
11,662,999
Altera Corp.
66,230
2,915,445
Analog Devices, Inc.
74,860
2,947,987
ARM Holdings PLC
266,469
2,483,661
Electronic Equipment, Instruments & Components - 0.41%
Internet Software & Services - 1.89%
IT Services - 2.23%
Semiconductors & Semiconductor Equipment - 4.93%
Alpha Opportunities Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Semiconductors & Semiconductor Equipment (continued)
ASML Holding NV -New York
Registered Shares (I)(L)
12,100
Atmel Corp. (I)
94,230
$
538,450
1,284,355
Avago Technologies, Ltd.
39,200
1,219,120
Broadcom Corp., Class A (I)
183,980
7,245,132
Cavium Networks, Inc. (I)(L)
90,160
4,050,889
Cirrus Logic, Inc. (I)(L)
73,320
1,541,920
Cree, Inc. (I)(L)
62,960
2,906,234
GT Solar International, Inc. (I)(L)
240,350
2,562,131
Intel Corp.
59,990
1,209,998
Lam Research Corp. (I)
11,600
657,256
Maxim Integrated Products, Inc.
91,570
2,344,192
Micron Technology, Inc. (I)
81,922
938,826
Microsemi Corp. (I)
2,200
45,562
MIPS Technologies, Inc. (I)(L)
30,350
318,372
NXP Semiconductor NV (I)
54,500
1,635,000
Samsung Electronics Company, Ltd.
1,619
1,373,527
Skyworks Solutions, Inc. (I)(L)
203,930
6,611,411
Ultratech, Inc. (I)
32,090
943,446
Xilinx, Inc. (L)
48,010
1,574,728
59,440
2,029,282
Software - 1.94%
Ariba, Inc. (I)(L)
BMC Software, Inc. (I)
12,400
616,776
BroadSoft, Inc. (I)
19,987
953,180
Citrix Systems, Inc. (I)
10,300
756,638
Glu Mobile Inc. (I)(L)
119,520
517,522
Microsoft Corp.
61,487
1,559,310
Rovi Corp. (I)
35,770
1,919,061
Salesforce.com, Inc. (I)
5,600
748,048
SuccessFactors, Inc. (I)(L)
49,120
1,920,101
TIBCO Software, Inc. (I)
157,300
4,286,425
TiVo, Inc. (I)(L)
119,820
1,049,623
VMware, Inc., Class A (I)
27,610
2,251,319
Agrium, Inc.
11,700
1,079,442
CF Industries Holdings, Inc.
49,380
6,754,690
Huabao International Holdings, Ltd.
946,000
1,460,808
Incitec Pivot, Ltd.
580,417
2,594,576
Methanex Corp.
92,451
2,887,245
Monsanto Company
53,040
3,832,670
Potash Corp. of Saskatchewan, Inc.
11,000
648,230
PTT Chemical PCL
116,740
571,252
Chile SA, ADR (L)
15,980
883,055
The Mosaic Company
114,010
8,978,288
158,000
993,940
278,420
8,405,500
Agnico Eagle Mines, Ltd.
20,700
1,373,445
Allegheny Technologies, Inc. (L)
18,200
1,232,504
Allied Nevada Gold Corp. (I)(L)
42,660
1,513,577
AngloGold Ashanti, Ltd. (L)
57,950
2,778,703
Barrick Gold Corp.
26,300
1,365,233
CGA Mining, Ltd. (I)
384,271
1,197,007
China Metal Recycling Holdings, Ltd.
791,980
949,818
Cliffs Natural Resources, Inc.
7,900
776,412
Buenaventura SA, ADR (L)
15,100
648,847
Detour Gold Corp. (I)
74,090
2,343,063
Freeport-McMoRan Copper & Gold, Inc.
13,890
771,590
Materials - 8.97%
Chemicals - 3.09%
Sociedad Quimica y Minera de
Construction Materials - 0.10%
Anhui Conch Cement Company, Ltd.
Containers & Packaging - 0.88%
Owens-Illinois, Inc. (I)
Metals & Mining - 4.36%
Compania de Minas
35
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Alpha Opportunities Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Metals & Mining (continued)
Goldcorp, Inc.
63,750
IAMGOLD Corp.
122,080
$
3,174,750
2,688,202
Ivanhoe Mines, Ltd. (I)
40,000
1,097,060
Kumba Iron Ore, Ltd.
5,319
375,335
Lynas Corp., Ltd. (I)
425,083
986,784
Lynas Corp., Ltd. (Australian exhange) (I)
50,700
108,554
Medusa Mining, Ltd.
202,546
1,471,542
Molycorp, Inc. (I)(L)
24,240
1,454,885
Mongolian Mining Corp. (I)
446,760
570,050
Nucor Corp.
41,180
1,895,104
Perseus Mining, Ltd. (I)
296,238
946,968
Rare Element Resources, Ltd. (I)(L)
63,490
836,163
Rio Tinto PLC
19,539
1,378,633
Rio Tinto PLC, SADR (L)
15,500
1,102,360
Romarco Minerals, Inc. (I)
428,850
981,998
Silver Wheaton Corp.
51,830
2,247,349
Sumitomo Metal Industries, Ltd.
496,000
1,109,113
United States Steel Corp.
10,900
587,946
Vallar PLC (I)
84,183
1,693,772
Walter Energy, Inc.
6,000
812,580
Xstrata PLC
58,379
1,363,099
Louisiana-Pacific Corp. (I)(L)
173,520
1,821,960
Norbord, Inc. (I)
127,800
1,983,899
Sino-Forest Corp. (I)
54,130
1,412,572
82,830
2,534,586
Softbank Corp.
14,500
573,316
Sprint Nextel Corp. (I)
216,049
1,002,467
95,780
3,151,162
Paper & Forest Products - 0.54%
Telecommunication Services - 0.43%
Diversified Telecommunication Services - 0.26%
AT&T, Inc.
Wireless Telecommunication Services - 0.17%
Utilities - 0.33%
Gas Utilities - 0.33%
UGI Corp.
TOTAL COMMON STOCKS (Cost $812,267,810)
$
927,995,252
INVESTMENT COMPANIES - 0.30%
Investment Companies - 0.30%
SPDR S&P Midcap 400 ETF Trust (L)
16,200
TOTAL INVESTMENT COMPANIES (Cost $2,097,436)
2,908,710
$
2,908,710
SECURITIES LENDING COLLATERAL - 14.32%
John Hancock Collateral
Investment Trust, 0.2867% (W)(Y)
13,736,061
137,455,384
TOTAL SECURITIES LENDING
COLLATERAL (Cost $137,460,371)
$
Alpha Opportunities Trust (continued)
Shares or
137,455,384
Principal
Amount
Value
SHORT-TERM INVESTMENTS - 2.58%
Repurchase Agreement - 2.58%
Bank of New York Tri-Party Repurchase
Agreement dated 03/31/2011 at 0.150% to
be repurchased at $24,800,103 on
04/01/2011, collateralized by $23,792,612
Federal Home Loan Mortgage Corp.,
3.500% due 11/01/2025 (valued at
$23,861,754, including interest) and
$1,430,091 Federal Home Loan
Mortgage Corp., 3.500% due 01/01/2026
(valued at $1,434,246, including interest)
$
24,800,000 $
24,800,000
$
24,800,000
$
1,093,159,346
TOTAL SHORT-TERM INVESTMENTS (Cost $24,800,000)
Total Investments (Alpha Opportunities Trust)
(Cost $976,625,617) - 113.87%
Other assets and liabilities, net - (13.87%)
(133,133,156)
TOTAL NET ASSETS - 100.00%
$
960,026,190
American Asset Allocation Trust
Shares or
Principal
Amount
Value
107,149,986$
1,831,193,267
INVESTMENT COMPANIES - 100.00%
American Funds Insurance Series - 100.00%
American Asset Allocation Fund - Class 1
1,831,193,267
TOTAL INVESTMENT COMPANIES (Cost $1,526,553,441)
$
1,831,193,267
$
1,831,193,267
Total Investments (American Asset Allocation Trust)
(Cost $1,526,553,441) - 100.00%
Other assets and liabilities, net - 0.00%
(68,282)
TOTAL NET ASSETS - 100.00%
$
1,831,124,985
American Blue Chip Income and Growth Trust
Shares or
Principal
Amount
INVESTMENT COMPANIES - 100.01%
American Funds Insurance Series - 100.01%
American Blue Chip Income & Growth
Value
Fund - Class 1
29,831,059 $
286,378,164
$
286,378,164
$
286,378,164
TOTAL INVESTMENT COMPANIES (Cost $246,740,411)
Total Investments (American Blue Chip Income and Growth
Trust) (Cost $246,740,411) - 100.01%
Other assets and liabilities, net - (0.01%)
(18,879)
TOTAL NET ASSETS - 100.00%
$
286,359,285
36
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
American Bond Trust
Shares or
Principal
Amount
Value
INVESTMENT COMPANIES - 100.00%
American Funds Insurance Series - 100.00%
American Bond Fund - Class 1
90,480,330 $
970,853,939
970,853,939
TOTAL INVESTMENT COMPANIES (Cost $975,868,463)
$
970,853,939
$
970,853,939
Total Investments (American Bond Trust)
(Cost $975,868,463) - 100.00%
Other assets and liabilities, net - 0.00%
(42,817)
TOTAL NET ASSETS - 100.00%
$
970,811,122
American Fundamental Holdings Trust
Shares or
Principal
Amount
Value
INVESTMENT COMPANIES - 100.00%
American Funds Insurance Series - 100.00%
American Bond Fund - Class 1
44,246,756 $
474,767,692
American Growth Fund - Class 1
4,817,393
281,769,314
American Growth-Income Fund - Class 1
7,828,120
281,186,061
American International Fund - Class 1
8,479,915
157,556,819
TOTAL INVESTMENT COMPANIES (Cost $995,481,179)
$
1,195,279,886
$
1,195,279,886
Total Investments (American Fundamental Holdings Trust)
(Cost $995,481,179) - 100.00%
Other assets and liabilities, net - 0.00%
(47,691)
TOTAL NET ASSETS - 100.00%
$
1,195,232,195
American Global Diversification Trust
Shares or
Principal
Amount
Value
INVESTMENT COMPANIES - 100.00%
American Funds Insurance Series - 100.00%
American Bond Fund - Class 1
22,599,058 $
242,487,890
American Global Growth Fund - Class 1
16,059,849
363,755,588
Fund - Class 1
6,110,011
133,748,142
American High-Income Bond Fund - Class 1
5,866,638
68,170,329
American New World Fund - Class 1
3,698,794
87,365,519
American Global Small Capitalization
895,527,468
TOTAL INVESTMENT COMPANIES (Cost $781,460,283)
$
895,527,468
$
895,527,468
Total Investments (American Global Diversification Trust)
(Cost $781,460,283) - 100.00%
Other assets and liabilities, net - 0.00%
(36,341)
TOTAL NET ASSETS - 100.00%
$
895,491,127
American Global Growth Trust
Shares or
Principal
Amount
Value
INVESTMENT COMPANIES - 100.01%
American Funds Insurance Series - 100.01%
American Global Growth Fund - Class 1
8,949,773 $
202,712,347
202,712,347
TOTAL INVESTMENT COMPANIES (Cost $198,168,884)
$
202,712,347
$
202,712,347
Total Investments (American Global Growth Trust)
(Cost $198,168,884) - 100.01%
Other assets and liabilities, net - (0.01%)
(13,674)
TOTAL NET ASSETS - 100.00%
$
202,698,673
American Global Small Capitalization Trust
Shares or
Principal
Amount
Value
INVESTMENT COMPANIES - 100.01%
American Funds Insurance Series - 100.01%
American Global Small Capitalization
Fund - Class 1
4,956,139 $
108,489,889
108,489,889
TOTAL INVESTMENT COMPANIES (Cost $73,155,121)
$
108,489,889
$
108,489,889
Total Investments (American Global Small Capitalization
Trust) (Cost $73,155,121) - 100.01%
Other assets and liabilities, net - (0.01%)
(11,448)
TOTAL NET ASSETS - 100.00%
$
108,478,441
American Growth Trust
Shares or
Principal
Amount
Value
INVESTMENT COMPANIES - 100.00%
American Funds Insurance Series - 100.00%
American Growth Fund - Class 1
23,231,472 $
1,358,808,800
1,358,808,800
TOTAL INVESTMENT COMPANIES (Cost $1,257,765,721)
$
1,358,808,800
$
1,358,808,800
Total Investments (American Growth Trust)
(Cost $1,257,765,721) - 100.00%
Other assets and liabilities, net - 0.00%
(53,734)
TOTAL NET ASSETS - 100.00%
$
1,358,755,066
37
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
American Growth-Income Trust
Shares or
Principal
Amount
Value
34,694,674 $
1,246,232,683
INVESTMENT COMPANIES - 100.00%
American Funds Insurance Series - 100.00%
American Growth-Income Fund - Class 1
1,246,232,683
TOTAL INVESTMENT COMPANIES (Cost $1,159,675,953)
$
1,246,232,683
$
1,246,232,683
Total Investments (American Growth-Income Trust)
(Cost $1,159,675,953) - 100.00%
Other assets and liabilities, net - 0.00%
(52,985)
TOTAL NET ASSETS - 100.00%
$
1,246,179,698
American High-Income Bond Trust
Shares or
Principal
Amount
Value
INVESTMENT COMPANIES - 100.01%
American Funds Insurance Series - 100.01%
American High-Income Bond Fund - Class 1
9,093,659 $
105,668,312
105,668,312
TOTAL INVESTMENT COMPANIES (Cost $94,096,739)
Total Investments (American High-Income Bond Trust)
$
105,668,312
(Cost $94,096,739) - 100.01%
$
105,668,312
Other assets and liabilities, net - (0.01%)
(10,597)
TOTAL NET ASSETS - 100.00%
$
105,657,715
American International Trust
Shares or
Principal
Amount
Value
INVESTMENT COMPANIES - 100.00%
American Funds Insurance Series - 100.00%
American International Fund - Class 1
47,076,093 $
874,673,807
874,673,807
TOTAL INVESTMENT COMPANIES (Cost $886,148,710)
$
874,673,807
$
874,673,807
Total Investments (American International Trust)
(Cost $886,148,710) - 100.00%
Other assets and liabilities, net - 0.00%
(39,321)
TOTAL NET ASSETS - 100.00%
$
874,634,486
American New World Trust
Shares or
Principal
Amount
Value
4,253,543 $
100,468,694
INVESTMENT COMPANIES - 100.01%
American Funds Insurance Series - 100.01%
American New World Fund - Class 1
100,468,694
TOTAL INVESTMENT COMPANIES (Cost $81,690,502)
$
100,468,694
$
100,468,694
Total Investments (American New World Trust)
(Cost $81,690,502) - 100.01%
Other assets and liabilities, net - (0.01%)
(12,008)
TOTAL NET ASSETS - 100.00%
$
100,456,686
Balanced Trust
Shares or
Principal
Amount
COMMON STOCKS - 66.82%
Consumer Discretionary - 11.17%
Value
Auto Components - 0.39%
Aisin Seiki Company, Ltd.
1,500
Autoliv, Inc.
648
$
52,080
47,772
BorgWarner, Inc. (I)
490
39,048
Dorman Products, Inc. (I)
200
8,418
Drew Industries, Inc.
500
11,165
Fuel Systems Solutions, Inc. (I)
100
3,018
GKN PLC
20,666
66,703
Johnson Controls, Inc.
4,400
182,908
Koito Manufacturing Company, Ltd.
2,000
32,051
Shiloh Industries, Inc.
600
7,008
450,171
Automobiles - 0.65%
Bayerische Motoren Werke (BMW) AG
1,064
88,826
General Motors Company (I)
3,100
96,193
Harley-Davidson, Inc.
3,400
144,466
Honda Motor Company, Ltd.
3,200
119,786
Nissan Motor Company, Ltd.
7,200
63,881
Toyota Motor Corp.
5,800
232,000
Winnebago Industries, Inc. (I)
500
6,685
751,837
Distributors - 0.13%
Genuine Parts Company
2,430
130,345
Pool Corp.
600
14,466
Weyco Group, Inc.
400
9,784
154,595
Diversified Consumer Services - 0.22%
American Public Education, Inc. (I)
200
8,090
Benesse Holdings, Inc.
1,500
61,403
Career Education Corp. (I)
1,060
24,083
H&R Block, Inc. (L)
4,820
80,687
K12, Inc. (I)
300
10,110
Matthews International Corp., Class A
220
8,481
National American University Holdings, Inc.
500
3,545
Strayer Education, Inc.
90
11,744
Weight Watchers International, Inc.
700
49,070
257,213
Hotels, Restaurants & Leisure - 2.15%
Accor SA
1,320
59,267
Betfair Group PLC (I)
274
4,292
Carnival Corp.
7,900
303,044
Chipotle Mexican Grill, Inc. (I)
480
130,738
Choice Hotels International, Inc.
650
25,253
38
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Balanced Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Hotels, Restaurants & Leisure (continued)
Compass Group PLC (I)
11,678
International Game Technology
1,600
$
105,108
25,968
Las Vegas Sands Corp. (I)
4,300
181,546
Marriott International, Inc., Class A
13,878
493,779
McDonald’s Corp.
2,600
197,834
MGM Resorts International (I)(L)
3,300
43,395
Mitchells & Butlers PLC (I)
10,100
48,860
Orient-Express Hotels, Ltd., Class A (I)
1,700
21,029
P.F. Chang’s China Bistro, Inc.
220
10,162
Panera Bread Company, Class A (I)
410
52,070
Starbucks Corp.
12,050
445,248
Starwood Hotels & Resorts Worldwide, Inc.
3,830
222,600
Tim Hortons, Inc.
300
13,593
Vail Resorts, Inc. (I)
100
4,876
WMS Industries, Inc. (I)
300
10,605
Wynn Resorts, Ltd.
635
80,804
2,480,071
Household Durables - 0.92%
Cavco Industries, Inc. (I)
100
4,516
D.R. Horton, Inc.
2,900
33,785
Ethan Allen Interiors, Inc.
100
2,190
Fortune Brands, Inc.
6,310
390,526
Harman International Industries, Inc.
500
23,410
Hooker Furniture Corp.
500
5,980
iRobot Corp. (I)
200
6,578
M/I Homes, Inc. (I)
400
5,996
Meritage Homes Corp. (I)
200
4,826
e Participacoes
9,200
51,617
Persimmon PLC
13,724
98,066
Pulte Group, Inc. (I)
1,100
8,140
Stanley Black & Decker, Inc.
1,700
130,220
Tempur-Pedic International, Inc. (I)
500
25,330
Whirlpool Corp.
3,180
271,445
PDG Realty SA Empreendimentos
1,062,625
Internet & Catalog Retail - 1.54%
Amazon.com, Inc. (I)
6,100
1,098,793
Blue Nile, Inc. (I)(L)
230
12,418
Expedia, Inc.
4,400
99,704
HSN, Inc. (I)
240
7,687
Liberty Media Corp. - Interactive, Series A (I)
11,800
189,272
N. Brown Group PLC
5,267
21,436
priceline.com, Inc. (I)
700
354,508
1,783,818
Leisure Equipment & Products - 0.33%
Brunswick Corp.
900
22,887
Mattel, Inc.
11,200
279,216
Nikon Corp.
3,400
70,101
Sankyo Company, Ltd.
100
5,127
377,331
Media - 2.48%
Aegis Group PLC
14,337
32,842
Ascent Media Corp., Class A (I)
300
14,655
Cablevision Systems Corp., Class A (L)
6,350
219,774
Comcast Corp., Class A
6,000
148,320
Communications, Inc., Series A (I)(L)
1,800
71,820
Discovery Communications, Inc., Series C (I)
3,500
123,235
DISH Network Corp. (I)
800
19,488
Global Traffic Network, Inc. (I)
700
8,729
Informa PLC
4,441
29,678
Jupiter Telecommunications Company, Ltd.
82
80,146
Discovery
Balanced Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Media (continued)
Knology, Inc. (I)
500
Lamar Advertising Company, Class A (I)
1,200
$
6,455
44,328
Liberty Media Corp. - Starz, Series A (I)
480
37,248
Live Nation Entertainment, Inc. (I)
1,000
10,000
Madison Square Garden, Inc., Class A (I)
1,987
53,629
Meredith Corp.
800
27,136
Morningstar, Inc.
400
23,352
Omnicom Group, Inc.
3,200
156,992
Sanoma OYJ
1,322
29,946
Scholastic Corp.
900
24,336
Scripps Networks Interactive, Inc., Class A
200
10,018
Television Broadcasting Company, Ltd.
5,000
29,375
The McGraw-Hill Companies, Inc.
6,800
267,920
The New York Times Company, Class A (I)(L)
8,900
84,283
The Walt Disney Company
16,300
702,367
The Washington Post Company, Class B
20
8,751
Time Warner, Inc.
12,050
430,185
WPP PLC
13,420
165,479
2,860,487
Multiline Retail - 0.31%
Dollar General Corp. (I)
1,650
51,728
Dollar Tree, Inc. (I)
450
24,984
Fred’s, Inc., Class A
400
5,328
Kohl’s Corp.
500
26,520
Macy’s, Inc.
4,300
104,318
Parkson Retail Group, Ltd.
35,500
48,735
PPR
626
95,941
357,554
Specialty Retail - 1.37%
Aaron’s, Inc. (L)
900
22,824
Ann, Inc. (I)
600
17,466
Bed Bath & Beyond, Inc. (I)
7,650
369,266
CarMax, Inc. (I)
2,500
80,250
Chico’s FAS, Inc.
200
2,980
Esprit Holdings, Ltd.
7,969
36,424
Hibbett Sports, Inc. (I)(L)
700
25,067
Home Depot, Inc.
10,650
394,689
Inditex SA
1,025
82,284
Kingfisher PLC
24,890
98,124
Lumber Liquidators Holdings, Inc. (I)
300
7,497
New York & Company, Inc. (I)
1,000
7,010
O’Reilly Automotive, Inc. (I)
4,250
244,205
Pier 1 Imports, Inc. (I)
500
5,075
Rue21, Inc. (I)
400
11,520
Staples, Inc.
1,900
36,898
Stein Mart, Inc.
500
5,055
The Gap, Inc.
1,300
29,458
The Men’s Wearhouse, Inc.
500
13,530
Tiffany & Company
1,450
89,088
Zumiez, Inc. (I)
200
5,286
1,583,996
Textiles, Apparel & Luxury Goods - 0.68%
Carter’s, Inc. (I)
210
6,012
Coach, Inc.
4,310
224,292
Compagnie Financiere Richemont SA
3,297
190,385
Fossil, Inc. (I)
100
9,365
NIKE, Inc., Class B
2,200
166,540
Polo Ralph Lauren Corp.
1,230
152,090
Steven Madden, Ltd. (I)
100
4,693
Under Armour, Inc., Class A (I)(L)
400
27,220
780,597
12,900,295
39
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Balanced Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Consumer Staples - 3.19%
Beverages - 0.50%
Anheuser-Busch InBev NV
279
Brown Forman Corp., Class B
150
$
15,915
10,245
Coca-Cola Bottling Company Consolidated
50
3,342
Kirin Holdings Company, Ltd.
8,000
105,121
PepsiCo, Inc.
4,400
283,404
Pernod-Ricard SA
1,552
145,134
The Coca-Cola Company
250
16,588
579,749
Food & Staples Retailing - 0.49%
Costco Wholesale Corp.
200
14,664
FamilyMart Company, Ltd.
2,200
81,917
Fresh Market, Inc. (I)
100
3,774
Pricesmart, Inc.
200
7,328
Shoppers Drug Mart Corp.
700
28,780
Sysco Corp.
600
16,620
Tesco PLC
44,171
269,852
The Kroger Company
1,700
40,749
The Pantry, Inc. (I)
500
7,415
Whole Foods Market, Inc.
1,500
98,850
569,949
Food Products - 1.31%
Archer-Daniels-Midland Company
2,200
79,222
Campbell Soup Company (L)
5,020
166,212
ConAgra Foods, Inc.
6,900
163,875
Dairy Crest Group PLC
3,360
19,367
Flowers Foods, Inc.
600
16,338
House Food Corp.
1,300
21,148
JG Boswell Company
7
5,740
McCormick & Company, Inc., Class B
2,800
133,924
Nestle SA
6,655
381,862
Sara Lee Corp.
600
10,602
The Hershey Company (L)
6,580
357,623
Tootsie Roll Industries, Inc.
206
5,842
Unilever PLC
4,836
147,485
1,509,240
Household Products - 0.53%
Clorox Company (L)
4,540
318,118
Kimberly-Clark Corp.
4,060
264,996
Oil-Dri Corp of America
300
6,390
The Procter & Gamble Company
310
19,096
608,600
Personal Products - 0.36%
Alberto-Culver Company
1,000
37,270
Avon Products, Inc.
9,000
243,360
Kobayashi Pharmaceutical Company, Ltd.
600
27,591
L’Oreal SA
733
85,373
The Estee Lauder Companies, Inc., Class A
220
21,199
414,793
Tobacco - 0.00%
Alliance One International, Inc. (I)(L)
1,100
4,422
3,686,753
Energy - 7.19%
Energy Equipment & Services - 2.08%
Atwood Oceanics, Inc. (I)
300
13,929
Baker Hughes, Inc.
1,800
132,174
Cameron International Corp. (I)
3,870
220,977
CARBO Ceramics, Inc.
320
45,158
China Oilfield Services, Ltd.
30,000
68,086
Exterran Holdings, Inc. (I)
500
11,865
Balanced Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Energy Equipment & Services (continued)
FMC Technologies, Inc. (I)
2,655
$
250,844
Fugro NV
465
40,960
Gulf Islands Fabrication, Inc.
200
6,434
Halliburton Company
3,200
159,488
Hercules Offshore, Inc. (I)
1,600
10,576
McDermott International, Inc. (I)
4,000
101,560
Modec, Inc.
1,300
23,709
National Oilwell Varco, Inc.
200
15,854
Oil States International, Inc. (I)
230
17,512
Rignet, Inc. (I)
125
2,273
Saipem SpA
1,183
62,830
Schlumberger, Ltd.
12,030
1,121,918
TetraTechnologies, Inc. (I)
1,300
20,020
Trican Well Service, Ltd.
1,000
22,579
Union Drilling, Inc. (I)
400
4,100
Weatherford International, Ltd. (I)
800
18,080
WorleyParsons, Ltd.
1,106
35,406
2,406,332
Oil, Gas & Consumable Fuels - 5.11%
Alpha Natural Resources, Inc. (I)
200
11,874
Anadarko Petroleum Corp.
3,880
317,850
Approach Resources, Inc. (I)
100
3,360
Arch Coal, Inc.
800
28,832
Beach Energy, Ltd.
75,800
75,980
BG Group PLC
4,826
119,888
BP PLC, SADR
8,300
366,362
Chevron Corp.
7,190
772,422
Cimarex Energy Company
500
57,620
Cloud Peak Energy, Inc. (I)
700
15,113
Concho Resources, Inc. (I)
1,090
116,957
ConocoPhillips
2,380
190,067
CONSOL Energy, Inc.
720
38,614
Contango Oil & Gas Company (I)
80
5,059
Continental Resources, Inc. (I)
200
14,294
El Paso Corp.
2,300
41,400
Enbridge, Inc. (I)
25,000
26,967
EOG Resources, Inc.
2,300
272,573
EQT Corp.
1,340
66,866
Exxon Mobil Corp.
7,700
647,801
Forest Oil Corp. (I)
200
7,566
Geomet, Inc. (I)
300
492
Hess Corp.
350
29,824
Marathon Oil Corp.
700
37,317
Murphy Oil Corp.
5,490
403,076
Nexen, Inc.
1,700
42,364
Northern Oil and Gas, Inc. (I)(L)
1,200
32,040
Oasis Petroleum, Inc. (I)
700
22,134
Occidental Petroleum Corp.
1,500
156,735
Peabody Energy Corp.
3,950
284,242
Penn Virginia Corp.
700
11,872
Petroleo Brasileiro SA, SADR
1,400
49,756
QEP Resources, Inc.
200
8,108
Range Resources Corp.
2,420
141,473
Royal Dutch Shell PLC, ADR
7,200
524,592
Royal Dutch Shell PLC, ADR, Class B
5,300
388,172
SM Energy Company
520
38,579
Spectra Energy Corp.
4,500
122,310
Statoil ASA
6,356
176,398
Suncor Energy, Inc.
1,220
54,705
Sunoco, Inc.
3,100
141,329
Swift Energy Company (I)
100
4,268
Ultra Petroleum Corp. (I)
520
25,610
40
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Balanced Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Oil, Gas & Consumable Fuels (continued)
Venoco, Inc. (I)
200
$
3,418
5,896,279
8,302,611
Financials - 11.47%
Capital Markets - 2.23%
Ameriprise Financial, Inc.
2,580
157,586
Ares Capital Corp.
1,100
18,590
Capital Southwest Corp.
90
8,238
Close Brothers Group PLC
3,127
42,406
Credit Suisse Group AG
3,765
159,994
Deutsche Bank AG
1,487
87,438
E*TRADE Financial Corp. (I)
1,610
25,164
Eaton Vance Corp.
600
19,344
Federated Investors, Inc., Class B
500
13,375
Financial Engines, Inc. (I)
600
16,536
Franklin Resources, Inc.
4,900
612,892
GFI Group, Inc.
1,000
5,020
Greenhill & Company, Inc. (L)
550
36,185
Hercules Technology Growth Capital, Inc.
700
7,700
Invesco, Ltd.
8,800
224,928
Janus Capital Group, Inc.
1,900
23,693
Jefferies Group, Inc. (I)
35,000
34,866
JMP Group, Inc.
500
4,305
KBW, Inc.
300
7,857
Legg Mason, Inc.
7,100
256,239
Macquarie Group, Ltd.
2,445
92,429
Morgan Stanley
3,400
92,888
Northern Trust Corp.
2,280
115,710
PennantPark Investment Corp.
500
5,960
Safeguard Scientifics, Inc. (I)
400
8,140
Sanders Morris Harris Group, Inc.
1,200
9,612
State Street Corp.
1,360
61,118
Stifel Financial Corp. (I)
100
7,179
TD Ameritrade Holding Corp.
2,400
50,088
The Bank of New York Mellon Corp.
6,850
204,610
The Charles Schwab Corp.
2,400
43,272
The Goldman Sachs Group, Inc.
800
126,776
2,580,138
Commercial Banks - 3.30%
Australia & New Zealand Banking Group, Ltd.
7,732
190,247
Banco Santander SA
4,909
57,213
Bank of Yokohama, Ltd.
8,000
37,990
Barclays PLC
8,350
151,469
BNP Paribas
2,423
177,308
Bridge Capital Holdings (I)
400
3,776
Burke & Herbert Bank & Trust
2
5,000
China Citic Bank Corp, Ltd.
127,000
92,562
CIT Group, Inc. (I)
750
31,913
CoBiz Financial, Inc.
600
4,170
Columbia Banking System, Inc.
300
5,751
Commerce Bancshares, Inc.
315
12,739
DBS Group Holdings, Ltd.
5,000
58,137
DnB NOR ASA
12,441
190,897
East West Bancorp, Inc.
1,200
26,352
Erste Group Bank AG
1,133
57,182
Farmers & Merchants Bank of Long Beach
2
8,400
Fifth Third Bancorp
1,200
16,656
First Horizon National Corp.
1,573
17,633
First Republic Bank/San Francisco CA (I)
300
9,273
Glacier Bancorp, Inc.
500
7,525
Home Bancshares, Inc.
300
6,825
Intesa Sanpaolo SpA
23,821
70,532
KeyCorp
11,700
103,896
Balanced Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Commercial Banks (continued)
Marshall & Ilsley Corp.
2,000
$
15,980
Mitsubishi UFJ Financial Group
13,700
63,246
Nordea Bank AB (L)
11,238
123,055
PNC Financial Services Group, Inc.
2,800
176,372
Popular, Inc. (I)
3,300
9,603
Preferred Bank/Los Angeles CA (I)
1,300
1,937
Regions Financial Corp.
13,450
97,647
Sandy Spring Bancorp, Inc.
300
5,538
Signature Bank (I)
380
21,432
Societe Generale
1,463
95,128
Standard Chartered PLC
6,334
164,298
SunTrust Banks, Inc.
7,600
219,184
SVB Financial Group (I)
200
11,386
Swedbank AB, Class A
7,614
130,335
TCF Financial Corp.
1,000
15,860
Texas Capital Bancshares, Inc. (I)
400
10,396
Banking Company, Ltd.
14,000
72,541
U.S. Bancorp
19,850
524,636
Washington Trust Bancorp, Inc.
500
11,870
Wells Fargo & Company
21,250
673,625
Westamerica Bancorp. (L)
270
13,870
Western Alliance Bancorp (I)
1,200
9,864
Wintrust Financial Corp.
130
4,778
The Sumitomo Trust &
3,816,027
Consumer Finance - 1.03%
American Express Company
16,930
765,236
Capital One Financial Corp.
3,750
194,850
Discover Financial Services
1,800
43,416
Green Dot Corp., Class A (I)
150
6,437
SLM Corp. (I)
11,850
181,305
1,191,244
Diversified Financial Services - 2.04%
Bank of America Corp.
30,270
403,499
BM&F Bovespa SA
8,200
59,517
CBOE Holdings, Inc.
400
11,588
CME Group, Inc.
30
9,047
Compass Diversified Holdings
400
5,896
Deutsche Boerse AG
503
38,167
ING Groep NV (I)
3,568
45,286
Interactive Brokers Group, Inc., Class A
300
4,767
IntercontinentalExchange, Inc. (I)
1,800
222,372
JPMorgan Chase & Company
25,870
1,192,607
Finance Company, Ltd.
1,620
64,952
MSCI, Inc. (I)
1,054
38,808
NYSE Euronext
7,270
255,686
Mitsubishi UFJ Lease &
2,352,192
Insurance - 2.00%
AIA Group, Ltd. (I)
25,200
77,695
Alterra Capital Holdings, Ltd.
1,200
26,808
AON Corp.
540
28,598
Arthur J. Gallagher & Company
200
6,082
Assured Guaranty, Ltd.
700
10,430
AXA SA
9,533
199,313
Axis Capital Holdings, Ltd.
200
6,984
Chubb Corp.
1,830
112,197
Fidelity National Financial, Inc., Class A
1,100
15,543
First American Financial Corp.
1,400
23,100
Fortegra Financial Corp. (I)
300
3,408
Infinity Property & Casualty Corp.
100
5,949
Lincoln National Corp.
6,330
190,153
Markel Corp. (I)
46
19,065
41
John Hancock Variable Insurance Trust (Formerly John
Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Balanced Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Insurance (continued)
Marsh & McLennan Companies, Inc.
10,700
$
318,967
Muenchener Rueckversicherungs - Gesellschaft
AG (MunichRe)
913
143,571
National Interstate Corp.
300
6,255
OneBeacon Insurance Group, Ltd.
300
4,059
Principal Financial Group, Inc.
700
22,477
ProAssurance Corp. (I)
350
22,180
Prudential Financial, Inc.
1,850
113,923
Prudential PLC
5,374
60,934
QBE Insurance Group, Ltd.
4,126
75,327
SeaBright Holdings, Inc.
500
5,125
Sony Financial Holdings, Inc.
5,600
110,003
Sun Life Financial, Inc.
4,400
138,286
Sun Life Financial, Inc.
4,850
152,436
Suncorp-Metway, Ltd.
4,253
37,226
Swiss Life Holding (I)
435
71,899
The Allstate Corp.
8,100
257,418
The Progressive Corp.
900
19,017
W.R. Berkley Corp.
800
25,768
2,310,196
Real Estate Investment Trusts - 0.49%
CBL & Associates Properties, Inc.
600
10,452
Cedar Shopping Centers, Inc.
900
5,427
Cousins Properties, Inc.
503
4,200
DiamondRock Hospitality Company
600
6,702
EastGroup Properties, Inc.
100
4,397
Federal Realty Investment Trust
120
9,787
First Potomac Realty Trust
400
6,300
General Growth Properties, Inc.
712
11,022
Hatteras Financial Corp.
500
14,060
Kilroy Realty Corp.
400
15,532
Kimco Realty Corp.
1,500
27,510
Kite Realty Group Trust
1,000
5,310
LaSalle Hotel Properties
400
10,800
Pebblebrook Hotel Trust
400
8,860
Potlatch Corp.
400
16,080
ProLogis
700
11,186
Redwood Trust, Inc.
400
6,220
Saul Centers, Inc.
200
8,910
SL Green Realty Corp.
70
5,264
Strategic Hotels & Resorts, Inc. (I)
1,100
7,095
Unibail-Rodamco SE
529
114,624
Washington Real Estate Investment Trust
200
6,218
Weingarten Realty Investors
300
7,518
Westfield Retail Trust
27,834
75,386
Weyerhaeuser Company (L)
6,599
162,335
561,195
Real Estate Management & Development - 0.35%
CB Richard Ellis Group, Inc., Class A (I)
5,500
146,850
Forest City Enterprises, Inc., Class A (I)
400
7,532
Goldcrest Company, Ltd.
930
18,247
Kerry Properties, Ltd.
16,500
82,976
Mitsui Fudosan Company, Ltd.
3,000
48,707
Soho China, Ltd.
89,000
76,396
The St. Joe Company (I)(L)
1,100
27,577
408,285
Thrifts & Mortgage Finance - 0.03%
Capitol Federal Financial, Inc.
1,112
12,532
MGIC Investment Corp. (I)
1,500
13,335
Radian Group, Inc.
500
3,405
29,272
13,248,549
Balanced Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Health Care - 5.04%
Biotechnology - 0.75%
Alexion Pharmaceuticals, Inc. (I)
370
$
36,512
Alkermes, Inc. (I)
300
3,885
Amgen, Inc. (I)
2,970
158,747
BioMarin Pharmaceutical, Inc. (I)
800
20,104
Celgene Corp. (I)
5,000
287,650
Cephalon, Inc. (I)
530
40,163
CSL, Ltd.
2,077
76,736
Exelixis, Inc. (I)
1,800
20,340
Human Genome Sciences, Inc. (I)
1,100
30,195
Idenix Pharmaceuticals, Inc. (I)
700
2,324
Incyte Corp. (I)(L)
1,500
23,775
Lexicon Pharmaceuticals, Inc. (I)
3,700
6,216
Momenta Pharmaceuticals, Inc. (I)
600
9,510
Pharmasset, Inc. (I)
200
15,742
Regeneron Pharmaceuticals, Inc. (I)
700
31,458
Seattle Genetics, Inc. (I)(L)
300
4,671
Theravance, Inc. (I)(L)
500
12,110
Vertex Pharmaceuticals, Inc. (I)
1,690
81,002
861,140
Health Care Equipment & Supplies - 0.64%
Analogic Corp.
200
11,310
AngioDynamics, Inc. (I)
500
7,560
Atrion Corp.
20
3,489
Beckman Coulter, Inc.
190
15,783
C.R. Bard, Inc.
370
36,745
CareFusion Corp. (I)
1,200
33,840
Conceptus, Inc. (I)
400
5,780
DENTSPLY International, Inc.
700
25,893
Dynavox, Inc., Class A (I)
300
1,656
Edwards Lifesciences Corp. (I)
990
86,130
Elekta AB, Series B
2,545
101,770
HeartWare International, Inc. (I)
140
11,974
IDEXX Laboratories, Inc. (I)(L)
420
32,432
Intuitive Surgical, Inc. (I)
60
20,008
Quidel Corp. (I)(L)
500
5,980
Stryker Corp.
4,380
266,304
Terumo Corp.
1,000
52,717
West Pharmaceutical Services, Inc.
100
4,477
Zimmer Holdings, Inc. (I)
250
15,133
738,981
Health Care Providers & Services - 1.33%
AMERIGROUP Corp. (I)
500
32,125
Capital Senior Living Corp. (I)
800
8,496
Cardinal Health, Inc.
3,220
132,439
Catalyst Health Solutions, Inc. (I)
230
12,864
Centene Corp. (I)
300
9,894
Community Health Systems, Inc. (I)
700
27,993
Express Scripts, Inc. (I)
8,900
494,929
Fleury SA
700
10,397
Fresenius AG
1,340
123,984
Associates, Inc., Class A (I)
800
8,720
Healthsouth Corp. (I)(L)
2,100
52,458
Henry Schein, Inc. (I)
1,305
91,572
HMS Holdings Corp. (I)
100
8,185
Laboratory Corp. of America Holdings (I)
250
23,033
Landauer, Inc.
230
14,150
McKesson Corp.
5,070
400,784
National Healthcare Corp.
100
4,649
Owens & Minor, Inc.
505
16,402
PSS World Medical, Inc. (I)
400
10,860
Select Medical Holdings Corp. (I)
900
7,254
Health Management
42
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Balanced Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Health Care Providers & Services (continued)
Tenet Healthcare Corp. (I)
2,000
$
14,900
Triple-S Management Corp., Class B (I)
800
16,464
Universal American Financial Corp.
400
9,164
VCA Antech, Inc. (I)
300
7,554
1,539,270
Health Care Technology - 0.07%
athenahealth, Inc. (I)
100
4,513
Cerner Corp. (I)
250
27,800
Computer Programs & Systems, Inc.
200
12,856
HealthStream, Inc. (I)
900
6,966
SXC Health Solutions Corp. (I)
580
31,784
83,919
Life Sciences Tools & Services - 0.15%
Bruker Corp. (I)
1,070
22,310
Laboratories International, Inc. (I)
100
3,838
Covance, Inc. (I)
540
29,549
Illumina, Inc. (I)
520
36,436
QIAGEN NV (I)
1,200
24,060
Thermo Fisher Scientific, Inc. (I)
600
33,330
Waters Corp. (I)
320
27,808
Charles River
177,331
Pharmaceuticals - 2.10%
Allergan, Inc.
2,700
191,754
Astellas Pharma, Inc.
1,300
47,936
AVANIR Pharmaceuticals, Class A (I)
1,000
4,080
Bristol-Myers Squibb Company
7,390
195,318
Cardiome Pharma Corp. (I)
700
2,996
Chugai Pharmaceutical Company, Ltd.
1,300
22,380
Elan Corp. PLC (I)
1,400
9,632
Eli Lilly & Company
3,620
127,315
Forest Laboratories, Inc. (I)
540
17,442
GlaxoSmithKline PLC, ADR
7,520
288,843
Johnson & Johnson
5,730
339,503
Merck & Company, Inc.
8,200
270,682
Pfizer, Inc.
14,611
296,749
Roche Holdings AG
1,281
182,980
Rohto Pharmaceutical Company, Ltd.
2,000
21,423
Sanofi-Aventis SA
4,259
299,117
Shire PLC, ADR
700
60,970
The Medicines Company (I)
400
6,516
(Toronto Exchange)
623
31,032
XenoPort, Inc. (I)
300
1,779
Valeant Pharmaceuticals International, Inc.
2,418,447
5,819,088
Industrials - 9.65%
Aerospace & Defense - 1.88%
Alliant Techsystems, Inc.
130
9,187
Finmeccanica SpA
6,012
75,727
Goodrich Corp.
190
16,251
HEICO Corp., Class A
200
8,996
Hexcel Corp. (I)
800
15,752
Honeywell International, Inc.
9,300
555,303
ITT Corp.
3,200
192,160
Kratos Defense & Security Solutions, Inc. (I)
500
7,120
Lockheed Martin Corp.
1,830
147,132
Precision Castparts Corp.
2,400
353,232
Qinetiq PLC
18,198
35,533
Raytheon Company
350
17,805
Rockwell Collins, Inc.
310
20,097
Balanced Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Aerospace & Defense (continued)
Rolls-Royce Group PLC (I)
10,134
Taser International, Inc. (I)(L)
1,400
$
100,631
5,698
Textron, Inc. (L)
2,000
54,780
The Boeing Company
3,920
289,806
United Technologies Corp.
3,100
262,415
2,167,625
Air Freight & Logistics - 0.71%
Expeditors International of Washington, Inc.
3,300
165,462
FedEx Corp.
3,400
318,070
HUB Group, Inc., Class A (I)
800
28,952
United Parcel Service, Inc., Class B
3,780
280,930
UTi Worldwide, Inc.
1,100
22,264
815,678
Airlines - 0.07%
Alaska Air Group, Inc. (I)
100
6,342
Allegiant Travel Company
340
14,895
Delta Air Lines, Inc. (I)
600
5,880
Skywest, Inc.
700
11,844
Southwest Airlines Company
3,700
46,731
85,692
Building Products - 0.22%
A.O. Smith Corp.
195
8,646
Ameron International Corp.
50
3,490
Builders FirstSource, Inc. (I)
3,500
9,940
Insteel Industries, Inc.
200
2,828
Masco Corp.
10,100
140,592
Quanex Building Products Corp.
400
7,852
Universal Forest Products, Inc.
500
18,325
USG Corp. (I)(L)
3,550
59,143
250,816
Commercial Services & Supplies - 0.28%
American Reprographics Company (I)
100
1,035
Avery Dennison Corp.
3,900
163,644
Cintas Corp.
800
24,216
Clean Harbors, Inc. (I)
160
15,786
EnerNOC, Inc. (I)
390
7,453
G&K Services, Inc., Class A
200
6,650
Higher One Holdings, Inc. (I)
260
3,757
Innerworkings, Inc. (I)
800
5,904
McGrath Rentcorp
700
19,089
Mine Safety Appliances Company
300
11,001
Mobile Mini, Inc. (I)
500
12,010
Multiplus Sa
700
12,425
The Geo Group, Inc. (I)
300
7,692
US Ecology, Inc.
300
5,229
Waste Connections, Inc.
1,120
32,245
328,136
Construction & Engineering - 0.24%
Bouygues SA
2,180
104,676
Carillion PLC
8,048
49,068
China Railway Construction Corp.
53,000
55,252
Foster Wheeler AG (I)
500
18,810
Insituform Technologies, Inc., Class A (I)
400
10,700
Pike Electric Corp. (I)
500
4,760
Quanta Services, Inc. (I)
1,400
31,402
Sterling Construction Company, Inc. (I)
200
3,376
278,044
Electrical Equipment - 1.18%
A123 Systems, Inc. (I)(L)
800
5,080
ABB, Ltd. (I)
4,526
108,968
Acuity Brands, Inc.
300
17,547
43
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Balanced Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Electrical Equipment (continued)
AMETEK, Inc.
1,090
Belden, Inc.
200
$
47,818
7,510
Cooper Industries PLC
3,130
203,137
Emerson Electric Company
6,200
362,266
Franklin Electric Company, Inc.
200
9,240
Legrand SA, ADR
2,113
87,873
Mitsubishi Electric Corp.
15,000
174,985
Rockwell Automation, Inc.
1,850
175,103
Roper Industries, Inc.
1,470
127,096
The Babcock & Wilcox Company (I)
900
30,042
Woodward, Inc.
300
10,368
1,367,033
Industrial Conglomerates - 1.77%
3M Company
7,900
738,650
Cookson Group PLC (I)
6,100
67,507
DCC PLC
3,321
105,869
General Electric Company
34,800
697,740
Hutchison Whampoa, Ltd.
7,000
82,718
Koninklijke Philips Electronics NV
4,492
143,476
SembCorp Industries, Ltd.
35,000
144,770
Siemens AG
503
68,903
2,049,633
Machinery - 1.75%
3D Systems Corp. (I)
700
33,985
Actuant Corp., Class A
600
17,400
Astec Industries, Inc. (I)
200
7,458
Badger Meter, Inc.
200
8,242
Cargotec Corp. OYJ
787
38,376
Cascade Corp.
100
4,458
Charter International PLC
3,680
47,696
CIRCOR International, Inc.
300
14,106
Colfax Corp. (I)
500
11,475
Cummins, Inc.
160
17,539
Danaher Corp.
18,000
934,200
Deere & Company
1,300
125,957
Eaton Corp.
840
46,570
Energy Recovery, Inc. (I)
1,200
3,816
Gardner Denver, Inc.
520
40,576
IDEX Corp.
500
21,825
Illinois Tool Works, Inc.
6,660
357,775
Joy Global, Inc.
750
74,108
Lydall, Inc. (I)
600
5,334
Makita Corp.
900
41,873
Middleby Corp. (I)
290
27,034
Nordson Corp.
110
12,657
RBC Bearings, Inc. (I)
300
11,469
Robbins & Myers, Inc.
300
13,797
Sun Hydraulics, Inc.
200
8,620
The Toro Company
100
6,622
Toshiba Machine Company, Ltd.
4,000
21,329
Valmont Industries, Inc.
100
10,437
WABCO Holdings, Inc. (I)
1,000
61,640
2,026,374
Marine - 0.08%
A P Moller Maersk A/S, Series A
6
56,436
International Shipholding Corp.
100
2,490
Kirby Corp. (I)
200
11,458
Nippon Yusen Kabushiki Kaisha
5,000
19,536
89,920
Professional Services - 0.22%
CoStar Group, Inc. (I)
200
12,536
Equifax, Inc.
350
13,598
Balanced Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Professional Services (continued)
FTI Consulting, Inc. (I)(L)
300
IHS, Inc., Class A (I)
570
$
11,499
50,588
Kforce, Inc. (I)
500
9,150
Korn/Ferry International (I)
1,100
24,497
Manpower, Inc.
840
52,819
Navigant Consulting Company (I)
800
7,992
Robert Half International, Inc.
800
24,480
The Advisory Board Company (I)
300
15,450
Verisk Analytics, Inc., Class A (I)
800
26,208
248,817
Road & Rail - 0.50%
Central Japan Railway Company, Ltd.
12
95,071
Genesee & Wyoming, Inc., Class A (I)
500
29,100
Hertz Global Holdings, Inc. (I)
3,400
53,142
Landstar System, Inc.
620
28,322
Patriot Transportation Holding, Inc. (I)
300
8,025
RailAmerica, Inc. (I)
600
10,224
Union Pacific Corp.
3,400
334,322
Universal Truckload Services, Inc. (I)
500
8,625
Vitran Corp., Inc. (I)
500
7,045
573,876
Trading Companies & Distributors - 0.75%
Aceto Corp.
700
5,579
Beacon Roofing Supply, Inc. (I)
1,100
22,517
Fastenal Company (L)
4,730
306,646
Interline Brands, Inc. (I)
500
10,200
Kaman Corp., Class A
200
7,040
Mitsubishi Corp.
5,400
149,899
Mitsui & Company, Ltd.
9,800
175,665
MSC Industrial Direct Company, Inc., Class A
570
39,028
United Rentals, Inc. (I)
200
6,656
WW Grainger, Inc.
1,000
137,680
860,910
11,142,554
Information Technology - 10.73%
Communications Equipment - 1.46%
ADTRAN, Inc.
200
8,492
Alcatel-Lucent (I)
16,240
93,692
Aruba Networks, Inc. (I)
300
10,152
Blue Coat Systems, Inc. (I)
500
14,080
Cisco Systems, Inc.
7,800
133,770
Harris Corp.
5,200
257,920
Ixia (I)
800
12,704
JDS Uniphase Corp. (I)
2,100
43,764
Juniper Networks, Inc. (I)
10,800
454,464
Motorola Mobility Holdings, Inc. (I)
930
22,692
QUALCOMM, Inc.
11,400
625,062
Riverbed Technology, Inc. (I)
200
7,530
1,684,322
Computers & Peripherals - 2.19%
Apple, Inc. (I)
5,400
1,881,630
Dell, Inc. (I)
8,850
128,414
EMC Corp. (I)
9,200
244,260
Hewlett-Packard Company
5,600
229,432
Intevac, Inc. (I)
600
7,458
NetApp, Inc. (I)
300
14,454
Synaptics, Inc. (I)
700
18,914
Xyratex, Ltd. (I)
300
3,354
2,527,916
Electronic Equipment, Instruments & Components - 0.62%
AVX Corp.
1,050
15,656
44
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Balanced Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Electronic Equipment, Instruments &
Components (continued)
Cognex Corp.
300
Corning, Inc.
11,100
$
8,475
228,993
Dolby Laboratories, Inc., Class A (I)
300
14,763
DTS, Inc. (I)
200
9,326
Elster Group SE, ADR (I)
100
1,625
FLIR Systems, Inc.
1,000
34,610
GTSI Corp. (I)
1,000
4,590
Hamamatsu Photonics KK
2,300
91,110
Hosiden Corp.
2,600
26,413
Littelfuse, Inc.
200
11,420
Molex, Inc., Class A
1,400
28,966
National Instruments Corp.
300
9,831
Nippon Electric Glass Company, Ltd.
7,000
99,134
Orbotech, Ltd. (I)
700
8,988
SYNNEX Corp. (I)
100
3,273
TE Connectivity, Ltd.
1,100
38,302
Trimble Navigation, Ltd. (I)
800
40,432
Venture Corp., Ltd.
6,000
45,780
721,687
Internet Software & Services - 2.22%
Akamai Technologies, Inc. (I)
200
7,600
Baidu, Inc., SADR (I)
3,900
537,459
Constant Contact, Inc. (I)
200
6,980
eBay, Inc. (I)
6,300
195,552
Equinix, Inc. (I)
130
11,843
Facebook, Inc., Class B (R)
3,733
93,325
Google, Inc., Class A (I)
2,200
1,289,662
GSI Commerce, Inc. (I)
400
11,708
Kakaku.com, Inc.
10
55,353
MercadoLibre, Inc.
80
6,530
OpenTable, Inc. (I)
100
10,635
Rackspace Hosting, Inc. (I)
1,000
42,850
RealNetworks, Inc. (I)
1,300
4,836
SPS Commerce, Inc. (I)
300
4,653
Tencent Holdings, Ltd.
11,800
286,709
2,565,695
IT Services - 1.69%
Accenture PLC, Class A
4,900
269,353
Automatic Data Processing, Inc.
480
24,629
Cielo SA
3,300
27,974
Computer Sciences Corp.
5,770
281,172
CoreLogic, Inc.
400
7,400
Fiserv, Inc. (I)
1,170
73,382
Gartner, Inc. (I)
1,400
58,338
Genpact, Ltd. (I)
700
10,136
Global Payments, Inc.
1,300
63,596
International Business Machines Corp.
800
130,456
Isoftstone Holdings, Ltd., ADR (I)
300
5,553
Logica PLC (I)
16,370
34,423
MasterCard, Inc., Class A
1,650
415,338
NS Solutions Corp.
1,000
18,922
Paychex, Inc.
500
15,680
SAIC, Inc. (I)
600
10,152
Sapient Corp. (I)
1,200
13,740
StarTek, Inc. (I)
800
4,032
The Western Union Company
8,100
168,237
TNS, Inc. (I)
300
4,671
Visa, Inc., Class A (L)
4,200
309,204
1,946,388
Office Electronics - 0.11%
Canon, Inc.
2,900
126,208
Balanced Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Semiconductors & Semiconductor Equipment - 1.52%
Advanced Energy Industries, Inc. (I)
400
$
6,540
Altera Corp.
3,080
135,582
Analog Devices, Inc.
4,960
195,325
Applied Materials, Inc.
13,650
213,213
ASML Holding NV
1,996
88,037
Registered Shares (I)
300
13,350
Atheros Communications, Inc. (I)
400
17,860
Broadcom Corp., Class A
5,910
232,736
Brooks Automation, Inc. (I)
500
6,865
Cavium Networks, Inc. (I)
300
13,479
Cohu, Inc.
300
4,608
Cree, Inc. (I)
340
15,694
Cymer, Inc. (I)
100
5,658
Entegris, Inc. (I)
1,000
8,770
FEI Company (I)
500
16,860
First Solar, Inc. (I)
60
9,650
GT Solar International, Inc. (I)
900
9,594
Intersil Corp., Class A
1,200
14,940
Marvell Technology Group, Ltd. (I)
2,000
31,100
MEMC Electronic Materials, Inc. (I)
1,100
14,256
Microchip Technology, Inc.
700
26,607
Microsemi Corp. (I)
400
8,284
National Semiconductor Corp.
1,800
25,812
Novellus Systems, Inc. (I)
800
29,704
NVIDIA Corp. (I)
1,000
18,460
PMC-Sierra, Inc. (I)
1,400
10,500
Samsung Electronics Company, Ltd.
89
75,506
Silicon Laboratories, Inc. (I)
620
26,790
Standard Microsystems Corp. (I)
300
7,398
Sumco Corp. (I)
4,300
86,693
Company, Ltd., SADR
6,800
82,824
Texas Instruments, Inc.
1,800
62,208
Equipment Associates, Inc. (I)
400
19,468
Veeco Instruments, Inc. (I)
200
10,168
Xilinx, Inc.
6,400
209,920
Zarlink Semiconductor, Inc. (I)
1,500
3,330
ASML Holding NV -New York
Taiwan Semiconductor Manufacturing
Varian Semiconductor
1,757,789
Software - 0.92%
Ariba, Inc. (I)
600
20,484
Autodesk, Inc. (I)
1,100
48,521
Autonomy Corp. PLC (I)
2,652
67,682
Blackboard, Inc. (I)
300
10,872
Bottomline Technologies, Inc. (I)
300
7,542
Cadence Design Systems, Inc. (I)
1,700
16,575
Callidus Software, Inc. (I)
900
6,183
Concur Technologies, Inc. (I)
200
11,090
Electronic Arts, Inc. (I)
5,930
115,813
EPIQ Systems, Inc.
800
11,488
FactSet Research Systems, Inc.
610
63,885
Fortinet, Inc. (I)
400
17,600
GameLoft SA (I)
2,590
16,931
Informatica Corp. (I)
200
10,446
Intuit, Inc. (I)
1,100
58,410
MICROS Systems, Inc. (I)
500
24,715
Microsoft Corp.
11,210
284,286
Nintendo Company, Ltd.
200
54,027
Nuance Communications, Inc. (I)
1,580
30,905
Progress Software Corp. (I)
750
21,818
Red Hat, Inc. (I)
600
27,234
Rovi Corp. (I)
700
37,555
Salesforce.com, Inc. (I)
100
13,358
45
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Balanced Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Software (continued)
Solera Holdings, Inc.
800
Sourcefire, Inc. (I)
400
$
40,880
11,004
Taleo Corp. (I)
400
14,260
Ultimate Software Group, Inc. (I)
100
5,875
Websense, Inc. (I)
400
9,188
1,058,627
12,388,632
Materials - 3.76%
Chemicals - 2.03%
Air Products & Chemicals, Inc.
1,600
144,288
Air Water, Inc.
3,000
36,217
Arch Chemicals, Inc.
300
12,477
Asahi Kasei Corp.
15,000
99,717
BASF SE
1,697
147,134
E.I. du Pont de Nemours & Company
2,940
161,612
Hawkins, Inc.
300
12,324
Hitachi Chemical, Ltd.
2,400
48,791
International Flavors & Fragrances, Inc.
3,450
214,935
Intrepid Potash, Inc. (I)
550
19,151
Koppers Holdings, Inc.
200
8,540
Minerals Technologies, Inc.
100
6,852
Monsanto Company
4,940
356,964
Nalco Holding Company
1,200
32,772
Penford Corp. (I)
300
1,869
Potash Corp. of Saskatchewan, Inc.
2,600
153,218
Praxair, Inc.
5,500
558,800
Rockwood Holdings, Inc. (I)
400
19,688
Senomyx, Inc. (I)
1,100
6,644
Showa Denko KK
12,000
24,092
The Mosaic Company
300
23,625
The Sherwin-Williams Company
200
16,798
Tosoh Corp.
7,000
25,162
Umicore
2,015
100,069
Wacker Chemie AG
490
110,210
2,341,949
Construction Materials - 0.25%
Cemex SAB de CV (I)
55,519
49,664
Vulcan Materials Company (L)
5,200
237,120
286,784
Containers & Packaging - 0.02%
Myers Industries, Inc.
500
4,965
Temple-Inland, Inc.
1,000
23,400
28,365
Metals & Mining - 1.02%
Agnico Eagle Mines, Ltd.
740
49,099
BHP Billiton, Ltd.
4,235
202,973
Carpenter Technology Corp.
500
21,355
Eurasian Natural Resources Corp.
3,957
59,416
Franco-Nevada Corp.
1,400
51,394
Freeport-McMoRan Copper & Gold, Inc.
2,000
111,100
Hudbay Minerals, Inc.
400
6,524
Kobe Steel Company, Ltd.
23,000
58,923
Nucor Corp.
6,140
282,563
Rio Tinto, Ltd.
2,464
215,618
Royal Gold, Inc.
230
12,052
Sims Metal Management, Ltd.
200
3,630
SSAB AB, Series A
3,687
58,346
Stillwater Mining Company (I)
450
10,319
Synalloy Corp.
700
9,009
United States Steel Corp.
400
21,576
1,173,897
Balanced Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Paper & Forest Products - 0.44%
Clearwater Paper Corp. (I)
190
Deltic Timber Corp.
150
$
15,466
10,026
Domtar Corp.
100
9,178
International Paper Company
10,700
322,926
MeadWestvaco Corp.
5,000
151,650
509,246
4,340,241
Telecommunication Services - 2.13%
Diversified Telecommunication Services - 1.17%
AT&T, Inc.
16,020
490,212
CenturyLink, Inc.
4,584
188,082
1,200
6,564
Kong Holdings, Ltd.
74,000
23,754
Premiere Global Services, Inc. (I)
500
3,810
Telecom Italia SpA
92,903
125,120
Telefonica SA
8,751
219,096
Telstra Corp., Ltd.
21,957
64,005
Verizon Communications, Inc.
6,100
235,094
Hellenic Telecommunications
Organization SA, SADR
Hutchison Telecommunications Hong
1,355,737
Wireless Telecommunication Services - 0.96%
America Movil SAB de CV, Series L, ADR
2,270
131,887
American Tower Corp., Class A (I)
8,390
434,770
KDDI Corp.
15
92,061
SBA Communications Corp., Class A (I)
440
17,459
Telephone & Data Systems, Inc.
300
10,110
Special Shares
600
17,712
Vodafone Group PLC
36,974
104,689
Vodafone Group PLC, SADR
10,250
294,688
Telephone & Data Systems, Inc. -
1,103,376
2,459,113
Utilities - 2.49%
Electric Utilities - 1.55%
American Electric Power Company, Inc.
200
7,028
Cleco Corp.
200
6,858
Duke Energy Corp.
10,500
190,575
E.ON AG
4,341
132,639
El Paso Electric Company (I)
800
24,320
Entergy Corp.
4,850
325,969
Exelon Corp.
7,100
292,804
FirstEnergy Corp.
4,213
156,260
Pepco Holdings, Inc.
200
3,730
Pinnacle West Capital Corp.
3,330
142,491
PPL Corp.
5,370
135,861
Progress Energy, Inc.
3,910
180,407
Scottish & Southern Energy PLC
8,634
174,657
Unisource Energy Corp.
400
14,452
1,788,051
Gas Utilities - 0.01%
Southwest Gas Corp.
340
13,250
Independent Power Producers & Energy Traders - 0.37%
Calpine Corp. (I)
3,900
61,893
Constellation Energy Group, Inc.
7,270
226,365
EDF Energies Nouvelles, SA
908
47,856
GenOn Energy, Inc. (I)
8,746
33,322
NRG Energy, Inc. (I)
2,880
62,035
431,471
46
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Balanced Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Multi-Utilities - 0.56%
Black Hills Corp. (L)
500
CenterPoint Energy, Inc.
3,870
$
16,720
67,957
GDF Suez
3,229
131,751
NiSource, Inc.
9,400
180,292
NorthWestern Corp.
600
18,180
TECO Energy, Inc.
2,920
54,779
Vectren Corp.
300
8,160
Xcel Energy, Inc.
7,230
172,725
650,564
2,883,336
TOTAL COMMON STOCKS (Cost $64,959,240)
$
77,171,172
PREFERRED SECURITIES - 0.28%
Consumer Discretionary - 0.28%
Automobiles - 0.28%
General Motors Company, Series B, 4.750%
3,600
173,520
Volkswagen AG, 2.260%
909
147,768
321,288
321,288
TOTAL PREFERRED SECURITIES (Cost $277,149)
U.S. GOVERNMENT & AGENCY
OBLIGATIONS - 22.88%
$
321,288
U.S. Government - 9.47%
U.S. Treasury Bonds
3.500%, 02/15/2039
$
105,000
$
87,954
4.250%, 05/15/2039
155,000
148,558
4.500%, 02/15/2036 to 08/15/2039
983,000
984,175
4.750%, 02/15/2041
100,000
103,875
5.250%, 02/15/2029
285,000
320,669
5.375%, 02/15/2031
140,000
159,950
6.000%, 02/15/2026
135,000
164,257
6.500%, 11/15/2026
35,000
44,691
1.375%, 04/15/2012 to 11/15/2012
2,760,000
2,791,175
1.500%, 12/31/2013
1,095,000
1,104,325
1.750%, 11/15/2011
20,000
20,191
1.875%, 04/30/2014
930,000
945,185
2.125%, 05/31/2015 to 02/29/2016
695,000
693,467
2.500%, 03/31/2013 to 03/31/2015
2,070,000
2,131,730
2.625%, 12/31/2014
415,000
429,169
3.125%, 05/15/2019
340,000
339,495
3.625%, 02/15/2021
150,000
151,922
4.250%, 08/15/2015
235,000
257,600
4.750%, 05/15/2014
50,000
55,270
U.S. Treasury Notes
10,933,658
U.S. Government Agency - 13.41%
Federal Home Loan Bank
1.625%, 03/20/2013
425,000
431,190
1.625%, 04/15/2013
100,000
101,467
2.125%, 03/23/2012
150,000
152,530
4.000%, 10/01/2040 to 12/01/2040
105,293
103,330
4.500%, 12/01/2039 to 12/01/2040
702,776
713,945
4.750%, 11/17/2015
580,000
641,764
5.000%, 04/01/2040 to 08/01/2040
491,704
513,114
1.250%, 06/22/2012
200,000
201,797
1.500%, 06/26/2013
100,000
101,061
1.750%, 02/22/2013 to 05/07/2013
215,000
218,396
3.000%, 09/16/2014
600,000
627,273
Federal Home Loan Mortgage Corp.
Federal National Mortgage Association
Balanced Trust (continued)
Shares or
Principal
Amount
Value
U.S. GOVERNMENT & AGENCY
OBLIGATIONS (continued)
U.S. Government Agency (continued)
Federal National Mortgage
Association (continued)
3.500%, 11/01/2025 to 02/01/2026
$
271,537
$
272,216
4.000%, 07/01/2025 to 04/01/2041
1,600,089
1,593,248
4.125%, 04/15/2014
100,000
107,769
4.500%, 05/01/2024 to 04/01/2041
2,678,466
2,739,565
5.000%, 02/01/2021 to 10/01/2040
2,307,842
2,420,552
5.375%, 07/15/2016
285,000
324,119
5.500%, 07/01/2022 to 05/01/2040
2,032,892
2,178,022
6.000%, 04/01/2035 to 11/01/2038
1,384,902
1,508,669
6.500%, 10/01/2036
303,801
339,912
4.500%, 11/20/2040
154,347
159,035
5.000%, 05/15/2039 to 09/15/2039
37,654
39,995
Government National Mortgage Association
15,488,969
TOTAL U.S. GOVERNMENT & AGENCY
OBLIGATIONS (Cost $26,520,729)
$
26,422,627
FOREIGN GOVERNMENT
OBLIGATIONS - 0.36%
Brazil - 0.10%
Federative Republic of Brazil
5.875%, 01/15/2019
100,000
111,080
50,000
49,824
10,000
10,515
25,000
25,644
25,000
25,511
20,000
20,344
50,000
48,183
Canada - 0.15%
Canada Housing Trust
1.375%, 01/27/2014
Export Development Canada
3.500%, 05/16/2013
Province of British Columbia
2.850%, 06/15/2015
Province of Manitoba
2.125%, 04/22/2013
Province of Ontario
2.625%, 01/20/2012
Province of Quebec
3.500%, 07/29/2020
180,021
Italy - 0.02%
Republic of Italy
3.125%, 01/26/2015
25,000
25,073
50,000
55,725
50,000
48,462
Mexico - 0.05%
Government of Mexico
5.950%, 03/19/2019
Sweden - 0.04%
Svensk Exportkredit AB
1.750%, 10/20/2015
TOTAL FOREIGN GOVERNMENT
OBLIGATIONS (Cost $420,066)
$
420,361
CORPORATE BONDS - 6.58%
Consumer Discretionary - 0.63%
AutoZone, Inc.
4.000%, 11/15/2020
25,000
23,218
15,000
19,764
65,000
70,687
British Sky Broadcasting Group PLC
9.500%, 11/15/2018 (S)
Comcast Corp.
5.700%, 05/15/2018
DIRECTV Holdings LLC/DIRECTV
Financing Company, Inc.
6.350%, 03/15/2040
75,000
74,957
47
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Balanced Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Consumer Discretionary (continued)
Discovery Communications LLC
5.625%, 08/15/2019
$
25,000
$
27,031
Grupo Televisa SA
6.625%, 01/15/2040
25,000
26,478
35,000
34,789
50,000
49,747
25,000
23,604
25,000
25,627
4.500%, 02/15/2021 (S)
25,000
24,455
6.150%, 03/01/2037
35,000
34,681
50,000
49,379
4.450%, 08/15/2020
20,000
19,668
6.250%, 07/15/2019
15,000
16,741
10,000
10,492
25,000
25,282
25,000
28,911
55,000
66,938
4.700%, 01/15/2021
25,000
24,863
6.100%, 07/15/2040
25,000
24,450
25,000
26,482
Harley-davidson Financial Services, Inc.
3.875%, 03/15/2016 (S)
Johnson Controls, Inc.
1.750%, 03/01/2014
McDonald’s Corp.
4.875%, 07/15/2040
NBC Universal, Inc.
3.650%, 04/30/2015 (S)
News America, Inc.
O’Reilly Automotive, Inc.
4.875%, 01/14/2021
Omnicom Group, Inc.
Target Corp.
5.875%, 03/01/2012
TCM Sub LLC
3.550%, 01/15/2015 (S)
Thomson Reuters Corp.
6.500%, 07/15/2018
Time Warner Cable, Inc.
8.250%, 04/01/2019
Time Warner, Inc.
Yum! Brands Inc
5.300%, 09/15/2019
728,244
Consumer Staples - 0.31%
Altria Group, Inc.
8.500%, 11/10/2013
25,000
29,134
9.250%, 08/06/2019
10,000
13,035
2.875%, 02/15/2016
25,000
24,769
6.875%, 11/15/2019
35,000
41,289
10,000
11,860
5,000
5,004
50,000
52,713
25,000
25,650
15,000
15,488
45,000
42,994
25,000
26,696
3.250%, 10/25/2020
50,000
46,629
5.250%, 09/01/2035
20,000
19,551
Anheuser-Busch InBev Worldwide, Inc.
Bunge Ltd. Finance Corp.
8.500%, 06/15/2019
Church & Dwight Company, Inc.
3.350%, 12/15/2015
Kraft Foods, Inc.
5.375%, 02/10/2020
Philip Morris International, Inc.
4.500%, 03/26/2020
Safeway, Inc.
5.000%, 08/15/2019
The Coca-Cola Company
1.500%, 11/15/2015
The Kroger Company
5.000%, 04/15/2013
Wal-Mart Stores, Inc.
354,812
Energy - 0.75%
Apache Corp.
3.625%, 02/01/2021
25,000
23,618
Balanced Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Energy (continued)
Boardwalk Pipelines LP
5.750%, 09/15/2019
$
25,000
$
26,561
Buckeye Partners LP
4.875%, 02/01/2021
25,000
24,795
5.500%, 08/15/2019
25,000
25,896
25,000
26,902
45,000
48,141
25,000
32,097
25,000
24,687
25,000
25,959
50,000
49,751
Canadian Natural Resources, Ltd.
6.250%, 03/15/2038
ConocoPhillips Company
5.900%, 10/15/2032
Devon Financing Corp. ULC
7.875%, 09/30/2031
Diamond Offshore Drilling, Inc.
5.700%, 10/15/2039
Enbridge Energy Partners LP
5.200%, 03/15/2020
Ensco PLC
3.250%, 03/15/2016
Enterprise Products Operating LLC
3.200%, 02/01/2016
50,000
49,600
15,000
18,806
15,000
17,082
10,000
11,429
25,000
31,473
50,000
50,177
3.050%, 03/01/2016
25,000
24,752
3.450%, 08/01/2015
5,000
5,099
25,000
24,554
35,000
36,963
25,000
26,625
25,000
26,720
50,000
49,754
25,000
25,715
20,000
21,092
25,000
23,222
25,000
26,389
15,000
19,151
25,000
31,801
4.125%, 11/15/2020
15,000
14,260
5.250%, 03/15/2020
25,000
26,050
Hess Corp.
8.125%, 02/15/2019
Magellan Midstream Partners LP
6.550%, 07/15/2019
Motiva Enterprises LLC
6.850%, 01/15/2040 (S)
Nabors Industries, Inc.
9.250%, 01/15/2019
Noble Energy, Inc.
6.000%, 03/01/2041
Noble Holding International, Ltd.
NuStar Logistics LP
4.800%, 09/01/2020
Occidental Petroleum Corp.
4.125%, 06/01/2016
Petroleos Mexicanos
4.875%, 03/15/2015
Plains All American Pipeline LP/PAA
Finance Corp.
5.750%, 01/15/2020
Schlumberger SA
2.650%, 01/15/2016 (S)
Shell International Finance BV
4.300%, 09/22/2019
Spectra Energy Capital LLC
5.650%, 03/01/2020
Talisman Energy, Inc.
3.750%, 02/01/2021
Transocean, Inc.
4.950%, 11/15/2015
Valero Energy Corp.
9.375%, 03/15/2019
Weatherford International, Ltd.
9.625%, 03/01/2019
Williams Partners LP
869,121
Financials - 2.88%
ACE INA Holdings, Inc.
5.900%, 06/15/2019
15,000
16,606
40,000
40,105
Aflac, Inc.
3.450%, 08/15/2015
48
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Balanced Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Financials (continued)
Aflac, Inc. (continued)
8.500%, 05/15/2019
$
10,000
$
12,074
AMB Property LP
6.625%, 12/01/2019
25,000
27,571
60,000
74,768
15,000
17,895
3.625%, 03/17/2016
25,000
24,604
6.500%, 08/01/2016
90,000
99,446
7.375%, 05/15/2014
35,000
39,493
1.500%, 01/31/2014
50,000
49,804
5.450%, 05/15/2019
10,000
10,955
50,000
50,964
3.950%, 04/29/2016
25,000
25,750
5.700%, 04/30/2014
10,000
11,032
25,000
26,189
50,000
50,390
25,000
23,739
25,000
27,180
35,000
40,139
5.375%, 08/09/2020
25,000
25,699
5.500%, 10/15/2014
100,000
107,753
8.500%, 05/22/2019
25,000
30,809
25,000
25,520
2.125%, 03/17/2014 (S)
25,000
24,916
5.000%, 10/15/2019 (S)
25,000
25,787
50,000
50,429
American Express Company
8.125%, 05/20/2019
Ameriprise Financial, Inc.
7.300%, 06/28/2019
Bank of America Corp.
Bank of New York Mellon Corp.
Bank of Nova Scotia
2.375%, 12/17/2013
BB&T Corp.
Blackrock, Inc.
5.000%, 12/10/2019
BNP Paribas
5.000%, 01/15/2021
Boston Properties LP
4.125%, 05/15/2021
Capital One Bank
6.500%, 06/13/2013
Capital One Financial Corp.
7.375%, 05/23/2014
Citigroup, Inc.
CME Group Index Services LLC
4.400%, 03/15/2018 (S)
Commonwealth Bank of Australia
Credit Suisse AG
5.400%, 01/14/2020
Credit Suisse USA, Inc.
5.125%, 01/15/2014
25,000
27,072
25,000
27,379
49,000
53,050
25,000
26,042
2.250%, 01/10/2014 (S)
25,000
24,920
5.250%, 10/01/2020 (S)
25,000
25,703
1.375%, 10/20/2015
100,000
96,032
3.125%, 06/04/2014
25,000
26,130
50,000
49,869
2.100%, 01/07/2014
25,000
25,015
5.300%, 02/11/2021
20,000
20,282
5.500%, 01/08/2020
100,000
105,655
5.625%, 05/01/2018
90,000
97,135
100,000
106,230
Credit Suisse/New York
5.500%, 05/01/2014
Crown Castle Towers LLC
6.113%, 01/15/2020 (S)
Deutsche Bank AG
3.875%, 08/18/2014
ERAC USA Finance LLC
European Investment Bank
Fifth Third Bancorp
3.625%, 01/25/2016
General Electric Capital Corp.
HSBC Bank USA, Inc.
4.625%, 04/01/2014
Balanced Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Financials (continued)
Inter-American Development Bank
3.875%, 09/17/2019
$
25,000
$
25,865
John Deere Capital Corp.
1.600%, 03/03/2014
25,000
24,983
5.500%, 04/13/2017
25,000
27,847
7.000%, 03/15/2012
10,000
10,613
3.700%, 01/20/2015
70,000
71,918
4.650%, 06/01/2014
25,000
26,698
4.750%, 05/01/2013
40,000
42,467
6.300%, 04/23/2019
40,000
44,219
25,000
25,221
1.250%, 10/26/2015
100,000
95,438
4.000%, 10/15/2013 to 01/27/2020
40,000
41,777
4.875%, 06/17/2019
10,000
11,036
20,000
22,112
4.300%, 06/15/2015
25,000
25,898
8.750%, 07/01/2019
10,000
12,647
JPMorgan Chase & Company
KeyCorp
3.750%, 08/13/2015
Kreditanstalt fuer Wiederaufbau
Landwirtschaftliche Rentenbank
4.875%, 11/16/2015
Lincoln National Corp.
Lloyds TSB Bank PLC
4.875%, 01/21/2016
25,000
25,746
15,000
18,051
80,000
86,275
35,000
40,393
125,000
130,144
3.050%, 03/01/2016
25,000
25,113
3.875%, 09/16/2015
20,000
20,859
40,000
37,895
25,000
26,585
3.625%, 02/08/2015
50,000
51,624
6.700%, 06/10/2019
10,000
11,617
10,000
10,068
10,000
12,695
10,000
10,188
25,000
24,818
25,000
29,659
6.000%, 05/01/2014
85,000
93,259
6.150%, 04/01/2018
35,000
37,881
7.500%, 02/15/2019
10,000
11,601
3.250%, 01/11/2014
50,000
50,563
4.375%, 03/16/2016
25,000
25,127
3.900%, 11/01/2020
10,000
9,466
5.900%, 06/02/2019
10,000
11,046
50,000
49,708
Mack-Cali Realty LP
7.750%, 08/15/2019
Merrill Lynch & Company, Inc.
6.500%, 07/15/2018
MetLife, Inc.
6.750%, 06/01/2016
Morgan Stanley
4.750%, 04/01/2014
National Rural Utilities
Cooperative Finance Corp.
Northern Trust Corp.
3.450%, 11/04/2020
Pacific LifeCorp.
6.000%, 02/10/2020 (S)
PNC Funding Corp.
Pricoa Global Funding I
5.625%, 05/24/2011 (S)
Principal Financial Group, Inc.
8.875%, 05/15/2019
Regions Financial Corp.
5.750%, 06/15/2015
SunTrust Banks, Inc.
3.600%, 04/15/2016
The Allstate Corp.
7.450%, 05/16/2019
The Goldman Sachs Group, Inc.
The Royal Bank of Scotland PLC
The Travelers Companies, Inc.
Toyota Motor Credit Corp.
2.800%, 01/11/2016
49
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Balanced Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Financials (continued)
Unum Group
5.625%, 09/15/2020
$
10,000
$
10,150
US Bancorp
2.000%, 06/14/2013
25,000
25,359
3.442%, 02/01/2016
25,000
24,880
4.200%, 05/15/2014
10,000
10,636
25,000
24,223
55,000
60,493
10,000
11,436
3.625%, 04/15/2015
75,000
77,191
3.676%, 06/15/2016
25,000
25,106
25,000
26,132
Ventas Realty LP/Ventas Capital Corp.
3.125%, 11/30/2015
Wachovia Corp.
5.750%, 02/01/2018
WEA Finance LLC/WT Finance
Australia Pty, Ltd.
7.500%, 06/02/2014 (S)
Wells Fargo & Company
Westpac Banking Corp.
4.200%, 02/27/2015
3,324,857
Health Care - 0.31%
AmerisourceBergen Corp.
4.875%, 11/15/2019
50,000
51,794
25,000
25,461
25,000
26,006
10,000
11,100
25,000
25,886
25,000
25,806
25,000
25,830
25,000
28,299
75,000
74,809
25,000
24,805
15,000
15,141
25,000
27,686
Amgen, Inc.
5.750%, 03/15/2040
Baxter International Inc
4.500%, 08/15/2019
Express Scripts, Inc.
6.250%, 06/15/2014
Mckesson Corp.
6.000%, 03/01/2041
Medtronic, Inc.
5.550%, 03/15/2040
Novartis Capital Corp.
4.400%, 04/24/2020
Roche Holdings, Inc.
6.000%, 03/01/2019 (S)
Sanofi-Aventis SA
1.625%, 03/28/2014
Teva Pharmaceutical Finance III BV
1.700%, 03/21/2014
UnitedHealth Group, Inc.
4.700%, 02/15/2021
WellPoint, Inc.
6.000%, 02/15/2014
362,623
Industrials - 0.24%
BAE Systems Holdings, Inc.
4.950%, 06/01/2014 (S)
10,000
10,618
40,000
44,491
25,000
25,486
25,000
25,407
50,000
50,230
25,000
27,978
15,000
16,076
20,000
22,029
Burlington Northern Santa Fe Corp.
5.650%, 05/01/2017
Canadian Pacific Railway Company
5.950%, 05/15/2037
Caterpillar Financial Services Corp.
2.750%, 06/24/2015
L-3 Communications Corp.
4.950%, 02/15/2021
Norfolk Southern Corp.
5.750%, 04/01/2018
Republic Services, Inc.
5.500%, 09/15/2019
Roper Industries, Inc.
6.250%, 09/01/2019
Balanced Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Industrials (continued)
Union Pacific Corp.
4.000%, 02/01/2021
$
25,000
$
24,521
Waste Management, Inc.
4.750%, 06/30/2020
25,000
25,353
272,189
Information Technology - 0.18%
Agilent Technologies, Inc.
2.500%, 07/15/2013
25,000
25,206
25,000
26,421
10,000
9,643
50,000
49,875
50,000
49,020
15,000
15,906
30,000
35,040
Arrow Electronics Inc
6.000%, 04/01/2020
Broadcom Corp.
2.375%, 11/01/2015 (S)
Cisco Systems, Inc.
1.625%, 03/14/2014
Hewlett-Packard Company
2.200%, 12/01/2015
Oracle Corp.
3.750%, 07/08/2014
Xerox Corp.
8.250%, 05/15/2014
211,111
Materials - 0.34%
Air Products & Chemicals, Inc.
4.375%, 08/21/2019
25,000
25,465
50,000
52,566
50,000
49,843
Allegheny Technologies, Inc.
5.950%, 01/15/2021
Arcelormittal
3.750%, 03/01/2016
Cliffs Natural Resources, Inc.
4.875%, 04/01/2021
30,000
29,545
25,000
26,173
20,000
25,672
25,000
26,504
4.050%, 03/15/2021
25,000
24,958
4.500%, 08/15/2019
25,000
26,004
10,000
12,020
25,000
25,156
4.250%, 11/15/2020
15,000
14,303
8.550%, 05/15/2019
25,000
31,562
25,000
26,712
Holcim US Finance
6.000%, 12/30/2019 (S)
Lubrizol Corp.
8.875%, 02/01/2019
Newmont Mining Corp.
6.250%, 10/01/2039
Praxair, Inc.
Rio Tinto Finance USA, Ltd.
8.950%, 05/01/2014
Teck Resources, Ltd.
6.000%, 08/15/2040
The Dow Chemical Company
Vale Overseas, Ltd.
6.875%, 11/10/2039
396,483
Telecommunication Services - 0.45%
America Movil SAB de CV
6.375%, 03/01/2035
35,000
37,706
5.100%, 09/15/2014
45,000
49,160
5.800%, 02/15/2019
50,000
55,483
6.450%, 06/15/2034
25,000
25,717
15,000
19,462
25,000
28,017
100,000
104,080
AT&T, Inc.
COX Communications, Inc.
9.375%, 01/15/2019 (S)
Rogers Communications, Inc.
6.375%, 03/01/2014
SBA Tower Trust
4.254%, 04/15/2015 (S)
50
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Balanced Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Telecommunication Services (continued)
Telecom Italia Capital SA
6.175%, 06/18/2014
$
15,000
$
16,090
Telefonica Emisiones SAU
5.877%, 07/15/2019
15,000
15,757
5.500%, 02/15/2018
75,000
81,688
8.750%, 11/01/2018
15,000
19,174
5.550%, 02/01/2014
25,000
27,428
8.500%, 11/15/2018
10,000
12,836
25,000
27,582
Verizon Communications, Inc.
Verizon Wireless Capital LLC
Vodafone Group PLC
5.625%, 02/27/2017
520,180
Utilities - 0.49%
AGL Capital Corp.
5.250%, 08/15/2019
15,000
15,775
25,000
23,720
50,000
48,952
25,000
24,934
25,000
24,549
25,000
26,051
20,000
19,548
15,000
15,720
15,000
16,998
20,000
21,197
15,000
15,746
25,000
25,591
25,000
26,555
25,000
23,895
25,000
28,473
50,000
49,566
25,000
23,208
25,000
24,643
2.000%, 03/15/2014
25,000
24,807
6.500%, 06/01/2016
10,000
11,398
35,000
36,994
Allegheny Energy Supply Company LLC
6.750%, 10/15/2039 (S)
CenterPoint Energy Resources Corp.
4.500%, 01/15/2021 (S)
Dominion Resources, Inc.
1.800%, 03/15/2014
Duke Energy Carolinas LLC
5.300%, 02/15/2040
Entergy Louisiana LLC
5.400%, 11/01/2024
Exelon Generation Company LLC
6.250%, 10/01/2039
FirstEnergy Solutions Corp.
4.800%, 02/15/2015
Kansas Gas & Electric Company
6.700%, 06/15/2019 (S)
MidAmerican Energy Holdings Company
6.125%, 04/01/2036
Niagara Mohawk Power Corp.
4.881%, 08/15/2019 (S)
NSTAR
4.500%, 11/15/2019
Ohio Power Company
5.375%, 10/01/2021
Pacific Gas & Electric Company
5.400%, 01/15/2040
PPL Electric Utilities Corp.
7.125%, 11/30/2013
Progress Energy, Inc.
4.400%, 01/15/2021
Public Service Company of Colorado
3.200%, 11/15/2020
Public Service Electric & Gas Company
5.375%, 11/01/2039
Sempra Energy
Southern Company
4.150%, 05/15/2014
Virginia Electric and Power Company
5.000%, 06/30/2019
15,000
15,967
20,000
20,567
Xcel Energy, Inc.
4.700%, 05/15/2020
564,854
TOTAL CORPORATE BONDS (Cost $7,392,829)
$
7,604,474
Balanced Trust (continued)
Shares or
Principal
Amount
Value
MUNICIPAL BONDS - 0.23%
California - 0.02%
University of California
5.770%, 05/15/2043
$
20,000
$
19,319
District of Columbia - 0.02%
District of Columbia
5.591%, 12/01/2034
25,000
25,150
25,000
24,800
20,000
19,199
10,000
9,672
Illinois - 0.05%
Chicago Metropolitan Water Reclamation
District
5.720%, 12/01/2038
City of Chicago
6.395%, 01/01/2040
Illinois State Toll Highway Authority
6.184%, 01/01/2034
53,671
New York - 0.06%
New York City Municipal Water Finance
Authority
6.011%, 06/15/2042
20,000
20,516
25,000
24,248
25,000
24,477
New York City Transitional Finance Authority
5.508%, 08/01/2037
New York State Dormitory Authority
5.628%, 03/15/2039
69,241
Texas - 0.03%
State of Texas
5.517%, 04/01/2039
25,000
25,456
15,000
14,765
Texas Transportation Commission
5.178%, 04/01/2030
40,221
Utah - 0.01%
Utah Transit Authority
5.937%, 06/15/2039
15,000
15,711
20,000
19,444
25,000
25,444
Virginia - 0.04%
Virginia Commonwealth Transportation Board
5.350%, 05/15/2035
Virginia Public Building Authority
5.900%, 08/01/2030
44,888
TOTAL MUNICIPAL BONDS (Cost $270,574)
$
268,201
COLLATERALIZED MORTGAGE
OBLIGATIONS - 1.15%
Commercial & Residential - 1.15%
Banc of America Commercial Mortgage, Inc.,
Series 2005-1, Class A5
5.167%, 11/10/2042 (P)
65,000
69,628
50,000
52,897
70,000
74,976
25,000
26,695
30,000
32,527
95,000
102,106
130,000
139,542
Bear Stearns Commercial Mortgage Securities
Series 2005-PWR9, Class A4A,
4.871%, 09/11/2042
Series 2006-PW3, Class A4,
5.540%, 09/11/2041
Series 2007-PW17, Class A4,
5.694%, 06/11/2050 (P)
Series 2007-T28, Class A4,
5.742%, 09/11/2042 (P)
Series2007-T28, Class AAB,
5.746%, 09/11/2042
Citigroup/Deutsche Bank Commercial
Mortgage Trust, Series 2006-CD3, Class A5
5.617%, 10/15/2048
51
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Balanced Trust (continued)
Shares or
Principal
Amount
Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Commercial & Residential (continued)
Commercial Mortgage Pass Through
Certificates, Series 2007-C9, Class A4
5.815%, 12/10/2049 (P)
$
70,000
$
75,847
Credit Suisse Mortgage Capital Certificates,
Series 2006-C4, Class A3
5.467%, 09/15/2039
140,000
148,014
35,000
36,740
Greenwich Capital Commercial
Funding Corp., Series 2007-GG9,
Class AAB
5.441%, 03/10/2039
GS Mortgage Securities Corp. II,
Series 2006-GG6, Class A4
5.553%, 04/10/2038 (P)
25,000
26,776
50,000
53,185
100,000
104,550
110,000
117,853
65,000
68,132
35,000
36,824
43,000
48,103
114,607
115,419
JPMorgan Chase Commercial
Mortgage Securities Corp.
Series 2005-LDP1, Class A4,
5.038%, 03/15/2046 (P)
Series 2006-LDP9, Class A3,
5.336%, 05/15/2047
Merrill Lynch Mortgage Trust,
Series 2007-C1, Class A4
5.828%, 06/12/2050 (P)
Morgan Stanley Capital I
Series 2007-HQ11, Class A4,
5.447%, 02/12/2044 (P)
Series 2007-IQ14, Class A4,
5.692%, 04/15/2049 (P)
Series 2008-T29, Class A4,
6.280%, 01/11/2043 (P)
Wachovia Bank Commercial Mortgage Trust,
Series 2006-C26, Class A2
5.935%, 06/15/2045
1,329,814
TOTAL COLLATERALIZED MORTGAGE
OBLIGATIONS (Cost $1,275,574)
$
1,329,814
ASSET BACKED SECURITIES - 0.43%
AmeriCredit Automobile Receivables Trust,
Series 2010-1, Class C
5.190%, 08/17/2015
20,000
21,379
70,000
69,711
100,000
99,349
104,000
107,644
100,000
99,772
10,000
10,141
75,000
74,668
Carmax Auto Owner Trust, Series 2011-1,
Class A4
2.160%, 09/15/2016
Ford Credit Auto Owner Trust 2011-A A4
1.650%, 05/15/2016
GE Capital Credit Card Master Note Trust,
Series 2009-2, Class A
3.690%, 07/15/2015
GE Equipment Small Ticket LLC,
Series 2011-1, Class A3
1.450%, 01/21/2018 (S)
Honda Auto Receivables Owner Trust,
Series 2010-1, Class A4
1.980%, 05/23/2016
Hyundai Auto Receivables Trust,
Series 2011-A, Class A4
1.780%, 12/15/2015
USAA Auto Owner Trust, Series 2010-1,
Class A4
2.140%, 09/15/2015
15,000
TOTAL ASSET BACKED SECURITIES (Cost $493,911)
15,247
$
Balanced Trust (continued)
Shares or
497,911
Principal
Amount
Value
INVESTMENT COMPANIES - 0.02%
Central Fund of Canada, Ltd., Class A
500
First Opportunity Fund, Inc.
800
TOTAL INVESTMENT COMPANIES (Cost $13,274)
$
11,185
5,800
$
16,985
SECURITIES LENDING COLLATERAL - 1.55%
John Hancock Collateral
Investment Trust, 0.2867% (W)(Y)
179,383
1,795,069
TOTAL SECURITIES LENDING
COLLATERAL (Cost $1,795,108)
$
1,795,069
$
204,803
SHORT-TERM INVESTMENTS - 0.93%
Money Market Funds* - 0.93%
State Street Institutional U.S. Government
Money Market Fund, 0.0248%
T. Rowe Price Prime Reserve Fund, 0.1942%
$
204,803
867,681
867,681
1,072,484
TOTAL SHORT-TERM INVESTMENTS (Cost $1,072,484)
$
1,072,484
$
116,920,386
Total Investments (Balanced Trust)
(Cost $104,490,938) - 101.23%
Other assets and liabilities, net - (1.23%)
(1,425,509)
TOTAL NET ASSETS - 100.00%
$
115,494,877
Blue Chip Growth Trust
Shares or
Principal
Amount
Value
COMMON STOCKS - 99.55%
Consumer Discretionary - 20.95%
Auto Components - 0.69%
Johnson Controls, Inc.
315,400
$
13,111,178
Automobiles - 0.09%
General Motors Company (I)
52,800
1,638,384
Carnival Corp.
570,600
21,888,216
Chipotle Mexican Grill, Inc. (I)(L)
12,800
3,486,336
Las Vegas Sands Corp. (I)
300,100
12,670,222
Marriott International, Inc., Class A
660,929
23,515,854
McDonald’s Corp.
196,300
14,936,467
Starbucks Corp.
823,400
30,424,630
Resorts Worldwide, Inc. (L)
271,600
15,785,392
Wynn Resorts, Ltd.
40,000
5,090,000
Hotels, Restaurants & Leisure - 6.77%
Starwood Hotels &
127,797,117
Household Durables - 0.45%
Stanley Black & Decker, Inc.
109,700
8,403,020
Amazon.com, Inc. (I)
438,289
78,948,998
Liberty Media Corp. - Interactive, Series A (I)
759,400
12,180,776
Netflix, Inc. (I)
1,600
379,728
priceline.com, Inc. (I)
55,500
28,107,420
Internet & Catalog Retail - 6.34%
119,616,922
Leisure Equipment & Products - 0.12%
Mattel, Inc.
92,900
2,315,997
Discovery Communications, Inc., Series C (I)
280,200
9,865,842
Omnicom Group, Inc.
216,000
10,596,960
The Walt Disney Company
631,600
27,215,644
Media - 2.67%
52
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Blue Chip Growth Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Media (continued)
Time Warner, Inc.
76,466
$
2,729,836
50,408,282
Multiline Retail - 0.13%
Dollar Tree, Inc. (I)
20,900
1,160,368
Kohl’s Corp.
22,730
1,205,599
2,365,967
Specialty Retail - 1.76%
Bed Bath & Beyond, Inc. (I)
276,700
13,356,309
CarMax, Inc. (I)
82,100
2,635,410
O’Reilly Automotive, Inc. (I)
245,000
14,077,700
Tiffany & Company
51,200
3,145,728
33,215,147
Textiles, Apparel & Luxury Goods - 1.93%
Coach, Inc.
272,800
14,196,512
Fossil, Inc. (I)
4,100
383,965
NIKE, Inc., Class B
154,300
11,680,510
Polo Ralph Lauren Corp.
82,600
10,213,490
36,474,477
395,346,491
Consumer Staples - 0.30%
Beverages - 0.10%
Anheuser-Busch InBev NV
12,400
707,319
PepsiCo, Inc.
4,004
257,898
The Coca-Cola Company
13,500
895,725
1,860,942
Food & Staples Retailing - 0.19%
Costco Wholesale Corp.
4,100
300,612
Whole Foods Market, Inc.
50,800
3,347,720
3,648,332
Household Products - 0.01%
The Procter & Gamble Company
3,937
242,519
5,751,793
Energy - 9.11%
Energy Equipment & Services - 5.24%
Cameron International Corp. (I)
279,200
15,942,320
FMC Technologies, Inc. (I)(L)
126,400
11,942,272
Halliburton Company
217,100
10,820,264
McDermott International, Inc. (I)
154,700
3,927,833
National Oilwell Varco, Inc.
16,200
1,284,174
Schlumberger, Ltd.
588,492
54,882,764
98,799,627
Oil, Gas & Consumable Fuels - 3.87%
Cimarex Energy Company
37,800
4,356,072
Concho Resources, Inc. (I)
75,800
8,133,340
EOG Resources, Inc.
167,400
19,838,574
Exxon Mobil Corp.
3,638
306,065
Occidental Petroleum Corp.
103,800
10,846,062
Peabody Energy Corp.
263,000
18,925,480
Range Resources Corp. (L)
127,400
7,447,804
Suncor Energy, Inc.
71,800
3,219,512
73,072,909
171,872,536
Financials - 11.09%
Capital Markets - 5.02%
Ameriprise Financial, Inc.
180,851
11,046,379
Credit Suisse Group AG
17,500
743,666
Franklin Resources, Inc.
350,765
43,873,686
Blue Chip Growth Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Capital Markets (continued)
Invesco, Ltd.
620,700
Northern Trust Corp.
93,689
$
15,865,092
4,754,717
State Street Corp.
71,107
3,195,549
TD Ameritrade Holding Corp.
88,500
1,846,995
The Charles Schwab Corp.
193,986
3,497,568
The Goldman Sachs Group, Inc.
62,176
9,853,031
94,676,683
Commercial Banks - 1.33%
PNC Financial Services Group, Inc.
1,600
100,784
U.S. Bancorp
374,100
9,887,463
Wells Fargo & Company
477,400
15,133,580
25,121,827
Consumer Finance - 1.00%
American Express Company
417,052
18,850,750
CME Group, Inc.
2,200
663,410
IntercontinentalExchange, Inc. (I)
129,100
15,949,014
JPMorgan Chase & Company
675,600
31,145,160
NYSE Euronext
135,800
4,776,086
Diversified Financial Services - 2.78%
52,533,670
Insurance - 0.42%
Prudential Financial, Inc.
128,100
7,888,398
385,300
10,287,510
Real Estate Management & Development - 0.54%
CB Richard Ellis Group, Inc., Class A (I)
209,358,838
Health Care - 7.36%
Biotechnology - 1.28%
Amgen, Inc. (I)
6,200
331,390
Celgene Corp. (I)
356,200
20,492,186
Vertex Pharmaceuticals, Inc. (I)
68,200
3,268,826
24,092,402
Health Care Equipment & Supplies - 1.18%
Edwards Lifesciences Corp. (I)
40,200
3,497,400
Intuitive Surgical, Inc. (I)(L)
200
66,692
Stryker Corp. (L)
307,079
18,670,403
22,234,495
Health Care Providers & Services - 3.81%
Cardinal Health, Inc.
184,400
7,584,372
Express Scripts, Inc. (I)
635,000
35,312,350
McKesson Corp.
367,600
29,058,780
71,955,502
Health Care Technology - 0.05%
Cerner Corp. (I)(L)
8,000
889,600
46,100
2,560,855
Life Sciences Tools & Services - 0.13%
Thermo Fisher Scientific, Inc. (I)
Pharmaceuticals - 0.91%
Allergan, Inc.
198,100
14,069,062
Shire PLC, ADR (L)
36,200
3,153,020
17,222,082
138,954,936
Industrials - 15.59%
Aerospace & Defense - 3.36%
Honeywell International, Inc.
268,800
16,050,048
Precision Castparts Corp.
177,100
26,065,578
The Boeing Company
40,800
3,016,344
United Technologies Corp.
216,000
18,284,400
63,416,370
53
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Blue Chip Growth Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Air Freight & Logistics - 1.80%
Expeditors International of Washington, Inc.
222,400
FedEx Corp.
244,000
$
11,151,136
22,826,200
33,977,336
Electrical Equipment - 1.77%
Emerson Electric Company
294,700
17,219,321
Rockwell Automation, Inc.
131,800
12,474,870
Roper Industries, Inc. (L)
42,900
3,709,134
33,403,325
Industrial Conglomerates - 1.23%
3M Company
248,500
23,234,750
Caterpillar, Inc.
3,300
367,455
Cummins, Inc.
5,100
559,062
Danaher Corp.
1,291,726
67,040,579
Deere & Company
92,100
8,923,569
Eaton Corp.
61,400
3,404,016
Illinois Tool Works, Inc.
12,600
676,872
Joy Global, Inc.
60,100
5,938,481
Machinery - 4.61%
86,910,034
Road & Rail - 1.26%
Union Pacific Corp.
242,300
23,825,359
Fastenal Company (L)
307,600
19,941,708
WW Grainger, Inc. (L)
68,500
9,431,080
Trading Companies & Distributors - 1.56%
29,372,788
294,139,962
Information Technology - 29.55%
Communications Equipment - 4.01%
Juniper Networks, Inc. (I)
730,221
30,727,700
QUALCOMM, Inc.
818,177
44,860,645
75,588,345
Computers & Peripherals - 8.22%
Apple, Inc. (I)
391,400
136,383,330
EMC Corp. (I)
688,400
18,277,020
Hewlett-Packard Company
200
8,194
NetApp, Inc. (I)
10,200
491,436
155,159,980
Electronic Equipment, Instruments & Components - 0.90%
Corning, Inc.
817,500
16,865,025
Baidu, Inc., SADR (I)
277,800
38,283,618
eBay, Inc. (I)
464,978
14,432,917
Facebook, Inc., Class B (R)
267,042
6,676,050
Google, Inc., Class A (I)
160,866
94,301,258
Tencent Holdings, Ltd.
845,100
20,533,717
Internet Software & Services - 9.23%
174,227,560
IT Services - 4.81%
Accenture PLC, Class A
347,400
19,096,578
Automatic Data Processing, Inc.
16,233
832,915
Fiserv, Inc. (I)
44,500
2,791,040
International Business Machines Corp.
54,700
8,919,929
MasterCard, Inc., Class A
114,200
28,746,424
The Western Union Company
477,600
9,919,752
Visa, Inc., Class A (L)
277,900
20,458,998
90,765,636
Semiconductors & Semiconductor Equipment - 1.91%
Altera Corp.
141,600
6,233,232
Broadcom Corp., Class A (I)
416,900
16,417,522
Blue Chip Growth Trust (continued)
Shares or
Principal
Amount
COMMON STOCKS (continued)
Semiconductors & Semiconductor Equipment (continued)
Value
Marvell Technology Group, Ltd. (I)
11,110
Xilinx, Inc. (L)
404,025
$
172,761
13,252,020
36,075,535
Software - 0.47%
Autodesk, Inc. (I)
66,200
2,920,082
Intuit, Inc. (I)
55,100
2,925,810
Microsoft Corp.
59,644
1,512,572
Salesforce.com, Inc. (I)
11,300
1,509,454
8,867,918
557,549,999
Materials - 4.01%
Chemicals - 3.64%
Air Products & Chemicals, Inc.
112,900
10,181,322
Monsanto Company
72,204
5,217,461
Potash Corp. of Saskatchewan, Inc.
189,500
11,167,235
Praxair, Inc.
397,100
40,345,360
The Mosaic Company
3,000
236,250
The Sherwin-Williams Company
18,100
1,520,219
68,667,847
Metals & Mining - 0.37%
Freeport-McMoRan Copper & Gold, Inc.
126,000
6,999,300
75,667,147
Telecommunication Services - 1.59%
Wireless Telecommunication Services - 1.59%
American Tower Corp., Class A (I)
577,338
TOTAL COMMON STOCKS (Cost $1,377,255,077)
29,917,654
$
1,878,559,356
SECURITIES LENDING COLLATERAL - 3.47%
John Hancock Collateral
Investment Trust, 0.2867% (W)(Y)
6,548,735
65,532,534
TOTAL SECURITIES LENDING
COLLATERAL (Cost $65,534,246)
$
65,532,534
$
9,290,784
SHORT-TERM INVESTMENTS - 0.52%
Money Market Funds* - 0.52%
T. Rowe Price Prime Reserve Investment
Fund, 0.1942%
$
9,290,784
State Street Institutional U.S. Government
Money Market Fund, 0.0248%
444,696
444,696
9,735,480
TOTAL SHORT-TERM INVESTMENTS (Cost $9,735,480)
$
9,735,480
$
1,953,827,370
Total Investments (Blue Chip Growth Trust)
(Cost $1,452,524,803) - 103.54%
Other assets and liabilities, net - (3.54%)
TOTAL NET ASSETS - 100.00%
(66,858,322)
$
1,886,969,048
Bond Trust
Shares or
Principal
Amount
Value
U.S. GOVERNMENT & AGENCY
OBLIGATIONS - 44.36%
U.S. Government - 12.50%
U.S. Treasury Bonds
4.250%, 11/15/2040
$
186,870,000$
178,548,492
54
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Bond Trust (continued)
Shares or
Principal
Amount
Value
U.S. GOVERNMENT & AGENCY
OBLIGATIONS (continued)
U.S. Government (continued)
U.S. Treasury Notes
0.750%, 12/15/2013
$
1,500,000
$
1,483,593
1.250%, 10/31/2015
21,575,000
20,787,858
1.375%, 11/30/2015
142,000,000
137,318,402
2.000%, 01/31/2016 (L)
144,750,000
143,483,438
2.125%, 02/29/2016 (L)
55,000,000
54,742,160
3.625%, 02/15/2021 (L)
135,700,000
137,438,588
673,802,531
U.S. Government Agency - 31.86%
Federal Home Loan Mortgage Corp.
2.772%, 06/01/2035 (P)
7,987,695
8,449,336
3.805%, 12/01/2039 (P)
16,919,226
17,604,836
4.000%, TBA
71,500,000
73,382,145
4.000%, 04/01/2019 to 09/01/2040
113,933,082
112,868,115
4.239%, 09/01/2039 (P)
2,229,131
2,346,719
4.326%, 09/01/2039 (P)
2,583,885
2,694,784
4.500%, 02/01/2039 to 04/01/2040
90,743,848
92,335,974
5.000%, 09/01/2040
38,183,070
39,820,968
5.500%, 08/01/2035
11,027,003
11,795,043
6.500%, 05/01/2037 to 09/01/2039
36,726,117
41,057,241
Federal National Mortgage Association
1.000%, 04/01/2041 to 04/04/2041
17,425,000
4,254,301
2.050%, 04/26/2013
25,000,000
25,027,400
2.493%, 01/01/2036 (P)
12,142,699
12,702,951
2.532%, 10/01/2035 (P)
97,410,523
102,290,705
3.150%, 10/01/2040 (P)
1,896,473
1,943,298
4.000%, 04/01/2024 to 11/01/2040
178,853,891
179,871,013
4.197%, 08/01/2039 (P)
8,591,631
8,991,069
4.340%, 09/01/2039 (P)
8,671,996
9,068,267
4.454%, 09/01/2039 (P)
7,276,857
7,627,577
4.500%, 06/01/2023 to 08/01/2040
129,951,238
134,523,675
5.000%, 06/01/2035 to 09/01/2040
117,433,563
122,987,133
5.500%, 12/01/2033 to 07/01/2038
364,504,826
391,022,148
6.000%, 04/01/2035 to 09/01/2039
66,346,854
72,339,620
6.500%, 07/01/2036 to 08/01/2039
171,138,422
191,506,049
3.500%, 10/20/2039 to 11/20/2039 (P)
41,395,521
43,063,722
5.000%, 08/15/2039
1,113,135
1,180,581
5,595,000
5,865,345
Government National Mortgage Association
Tennessee Valley Authority
5.250%, 09/15/2039
1,716,620,015
TOTAL U.S. GOVERNMENT & AGENCY
OBLIGATIONS (Cost $2,402,994,271)
$
2,390,422,546
FOREIGN GOVERNMENT
OBLIGATIONS - 0.16%
South Korea - 0.16%
Korea Development Bank
4.000%, 09/09/2016
8,355,000
8,431,983
TOTAL FOREIGN GOVERNMENT
OBLIGATIONS (Cost $8,314,645)
$
8,431,983
CORPORATE BONDS - 42.10%
Consumer Discretionary - 3.32%
Best Buy Company, Inc.
6.750%, 07/15/2013
12,863,000
14,054,468
4,770,000
5,080,489
5.900%, 10/15/2040
4,945,000
4,624,866
7.875%, 07/30/2030
7,625,000
8,851,558
8.200%, 05/15/2014
14,829,000
17,366,212
BorgWarner, Inc.
5.750%, 11/01/2016
CBS Corp.
Bond Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Consumer Discretionary (continued)
DIRECTV Holdings LLC/DIRECTV
Financing Company, Inc.
6.350%, 03/15/2040
Expedia, Inc.
$
5,305,000 $
5,301,950
5.950%, 08/15/2020
11,240,000
11,338,350
7,080,000
7,498,492
4.375%, 07/27/2016 (S)
7,095,000
7,122,983
6.000%, 05/05/2015 (S)
8,390,000
8,996,463
9,000,000
9,212,868
6,365,000
6,311,814
9,000,000
9,397,368
115,000
113,008
14,000,000
16,795,310
6.750%, 07/01/2018
10,205,000
11,582,318
8.250%, 02/14/2014
5,450,000
6,331,494
6,185,000
6,007,565
9,236,000
9,843,987
12,115,000
13,305,686
Grupo Televisa SA
6.625%, 01/15/2040
Hyundai Capital Services, Inc.
Hyundai Motor Manufacturing
4.500%, 04/15/2015 (S)
News America, Inc.
6.150%, 02/15/2041 (S)
Nissan Motor Acceptance Corp.
4.500%, 01/30/2015 (S)
Seminole Indian Tribe of Florida
6.535%, 10/01/2020 (S)
Staples, Inc.
9.750%, 01/15/2014
Time Warner Cable, Inc.
United Business Media, Ltd.
5.750%, 11/03/2020 (S)
Viacom, Inc.
4.375%, 09/15/2014
Volvo Treasury AB
5.950%, 04/01/2015 (S)
179,137,249
Consumer Staples - 2.21%
Anheuser-Busch InBev Worldwide, Inc.
5.050%, 10/15/2016
5,550,000
6,010,411
7.200%, 01/15/2014
10,000,000
11,351,960
5,415,000
5,524,342
4.100%, 03/15/2016
4,555,000
4,558,243
5.100%, 07/15/2015
3,455,000
3,599,212
5.350%, 04/15/2014
9,845,000
10,426,022
8.500%, 06/15/2019
7,351,000
8,718,426
4.875%, 09/15/2014
11,950,000
12,943,451
5.750%, 06/01/2017
7,000,000
7,701,680
17,120,000
16,820,400
6,160,000
6,653,256
11,805,000
13,119,026
10,000,000
11,377,180
Archer-Daniels-Midland Company
5.765%, 03/01/2041
Bunge Ltd. Finance Corp.
CVS Caremark Corp.
CVS Caremark Corp. (6.302% to 06/01/2012,
then 3 month LIBOR + 2.065%)
06/01/2037
Lorillard Tobacco Company
6.875%, 05/01/2020
Philip Morris International, Inc.
5.650%, 05/16/2018
The Kroger Company
7.500%, 01/15/2014
118,803,609
Energy - 3.66%
Anadarko Petroleum Corp.
5.750%, 06/15/2014
8,000,000
8,750,128
6.375%, 09/15/2017
10,655,000
11,712,551
8,695,000
11,196,534
15,000,000
16,610,895
DCP Midstream LLC
9.750%, 03/15/2019 (S)
Enbridge, Inc.
5.800%, 06/15/2014
55
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Bond Trust (continued)
Shares or
Principal
Amount
Value
9,695,000 $
10,615,628
6,075,000
7,919,820
6.500%, 01/31/2019
10,000,000
11,350,450
6.650%, 04/15/2018
5,295,000
6,021,538
5.900%, 06/15/2014
15,000,000
16,598,190
6.200%, 09/15/2017
7,600,000
8,559,751
6,115,000
6,751,957
4,185,000
4,869,047
6,310,000
6,375,391
4,765,000
5,445,914
4.800%, 09/01/2020
4,885,000
4,797,813
7.650%, 04/15/2018
9,212,000
10,737,397
5,625,000
6,312,617
65,000
65,180
5.668%, 08/15/2014
6,175,000
6,759,754
6.200%, 04/15/2018
5,950,000
6,609,486
CORPORATE BONDS (continued)
Energy (continued)
Energy Transfer Partners LP
5.950%, 02/01/2015
9.700%, 03/15/2019
$
Enterprise Products Operating LLC
Husky Energy, Inc.
Kerr-McGee Corp.
6.950%, 07/01/2024
Kinder Morgan Energy Partners LP
7.750%, 03/15/2032
Marathon Petroleum Corp.
6.500%, 03/01/2041 (S)
Motiva Enterprises LLC
6.850%, 01/15/2040 (S)
NuStar Logistics LP
Plains All American Pipeline LP/PAA
Finance Corp.
6.500%, 05/01/2018
Ras Laffan Liquefied Natural Gas
Company, Ltd. III
5.838%, 09/30/2027 (S)
Spectra Energy Capital LLC
TransCanada Pipelines, Ltd. (6.350% to
05/15/2017, then 3 month LIBOR + 2.210%)
05/15/2067
9,625,000
9,653,105
1,000,000
1,060,838
15,735,000
18,402,130
Transocean, Inc.
5.250%, 03/15/2013
Williams Partners LP
7.250%, 02/01/2017
197,176,114
Financials - 21.36%
Aflac, Inc.
6.900%, 12/17/2039
5,310,000
5,570,700
8.500%, 05/15/2019
9,325,000
11,259,033
4.500%, 08/15/2017
5,000,000
5,040,495
6.625%, 12/01/2019
8,065,000
8,894,405
10,470,000
12,216,145
9,920,000
12,178,010
7,335,000
8,144,945
5,770,000
5,106,450
3,960,000
3,900,600
5.650%, 05/01/2018
7,500,000
7,824,840
6.500%, 08/01/2016
6,370,000
7,038,589
5.300%, 03/15/2017
3,280,000
3,363,909
6.000%, 10/15/2036
7,660,000
7,445,604
5.140%, 10/14/2020
7,170,000
6,777,098
5.200%, 07/10/2014
14,730,000
15,905,601
AMB Property LP
American Express Company
7.000%, 03/19/2018
American Honda Finance Corp.
7.625%, 10/01/2018 (S)
AON Corp.
8.205%, 01/01/2027
AXA SA (6.379% to 12/14/2036, then
3 month LIBOR + 2.256%)
12/14/2036 (Q)(S)
Banco de Credito del Peru
4.750%, 03/16/2016 (S)
Bank of America Corp.
Bank of America NA
Barclays Bank PLC
Bond Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Financials (continued)
Barclays Bank PLC (continued)
6.050%, 12/04/2017 (S)
$
6,495,000 $
6,757,060
6,142,000
6,775,959
10,960,000
10,817,761
12,512,000
13,888,695
3,400,000
3,588,720
9,445,000
9,518,662
BB&T Corp.
5.700%, 04/30/2014
BBVA Bancomer SA
6.500%, 03/10/2021 (S)
Beaver Valley Funding
9.000%, 06/01/2017
BioMed Realty LP
6.125%, 04/15/2020
BNP Paribas
5.000%, 01/15/2021
BPCE SA (12.500% to 09/30/2019, then
3 month LIBOR + 12.980%)
09/30/2019 (Q)(S)
60,000
67,312
8,092,000
9,129,265
6.150%, 09/01/2016
13,495,000
14,756,324
6.250%, 11/15/2013
7,752,000
8,524,138
13,000,000
13,236,769
6,340,000
6,672,850
680,000
676,600
5.850%, 12/11/2034
8,670,000
8,501,551
6.125%, 11/21/2017
8,365,000
9,101,781
6.375%, 08/12/2014
13,030,000
14,390,710
6.875%, 03/05/2038
300,000
329,683
5.850%, 12/15/2014
9,000,000
9,692,406
6.500%, 08/15/2016
5,340,000
5,819,260
7.250%, 11/15/2023
11,948,000
13,026,391
8,970,000
9,191,021
5.750%, 02/15/2014
2,000,000
2,085,480
6.250%, 06/15/2017
4,075,000
4,351,424
6.650%, 01/15/2018
4,550,000
4,960,674
6,000,000
5,996,982
13,365,000
10,685,718
4.375%, 08/05/2020
9,160,000
8,933,611
5.300%, 08/13/2019
5,095,000
5,348,497
4.883%, 08/15/2020 (S)
11,430,000
11,423,976
6.113%, 01/15/2020 (S)
6,105,000
6,609,645
14,815,000
16,601,882
5,875,000
6,454,945
11,460,000
14,725,458
6.750%, 03/15/2020
3,830,000
4,263,338
8.250%, 08/15/2019
5,625,000
6,746,726
Brandywine Operating Partnership LP
7.500%, 05/15/2015
Capital One Financial Corp.
CDP Financial, Inc.
3.000%, 11/25/2014 (S)
Chubb Corp. (6.375% until 04/15/2017, then
3 month LIBOR + 2.250%)
03/29/2067
Chuo Mitsui Trust & Banking Company, Ltd.
(5.506% to 04/15/2015, then 3 month
LIBOR + 2.490%)
04/15/2015 (Q)(S)
Citigroup, Inc.
CNA Financial Corp.
Commonwealth Bank of Australia
5.000%, 03/19/2020 (S)
CommonWealth REIT
Credit Agricole SA
2.625%, 01/21/2014 (S)
Credit Suisse AG (3 month LIBOR + 0.690%
to 05/15/2017, then 3 month
LIBOR + 1.690%)
05/15/2017 (Q)
Credit Suisse New York
Crown Castle Towers LLC
Dexus Property Group
7.125%, 10/15/2014 (S)
Discover Bank
7.000%, 04/15/2020
Discover Financial Services
10.250%, 07/15/2019
Duke Realty LP
56
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Bond Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Financials (continued)
Equity One, Inc.
6.250%, 12/15/2014
$
7,000,000 $
7,501,347
5.900%, 11/15/2015 (S)
6,504,000
7,201,710
6.375%, 10/15/2017 (S)
6,465,000
7,237,846
9,337,000
9,552,713
0.793%, 08/15/2036 (P)
9,945,000
7,762,261
5.300%, 02/11/2021
5,105,000
5,177,088
5.625%, 05/01/2018
13,930,000
15,034,287
6.000%, 08/07/2019
6,560,000
7,152,519
5,400,000
5,382,094
3,965,000
4,057,434
5.750%, 12/15/2014 (S)
7,260,000
7,770,893
6.800%, 06/15/2018 (S)
3,995,000
4,381,704
6.300%, 03/15/2018
9,785,000
10,486,076
6.625%, 03/30/2040
4,805,000
4,870,262
5.375%, 02/01/2021
15,815,000
15,947,119
5.650%, 12/15/2013
15,000,000
16,234,590
6.300%, 09/15/2016
5,885,000
6,474,889
4.700%, 09/15/2017
4,400,000
4,406,807
4.950%, 01/15/2021
8,010,000
7,696,280
5.875%, 05/15/2015
7,500,000
8,169,533
6.200%, 06/01/2016
395,000
431,754
12,120,000
13,342,084
1,960,000
2,160,767
9,540,000
9,387,436
ERAC USA Finance LLC
First Tennessee Bank NA
5.050%, 01/15/2015
General Electric Capital Corp.
Goodman Funding Pty, Ltd.
6.375%, 04/15/2021 (S)
GTP Towers Issuer LLC
4.436%, 02/15/2015 (S)
Harley-Davidson Funding Corp.
Hartford Financial Services Group, Inc.
HCP, Inc.
Health Care REIT, Inc.
Healthcare Realty Trust, Inc.
6.500%, 01/17/2017
Huntington Bancshares, Inc.
7.000%, 12/15/2020
ICICI Bank, Ltd.
5.750%, 11/16/2020 (S)
International Lease Finance Corp.
7.125%, 09/01/2018 (S)
6,465,000
6,946,643
6.875%, 04/15/2021
4,475,000
4,746,122
8.500%, 07/15/2019
7,975,000
9,396,576
3.700%, 01/20/2015
5,855,000
6,015,445
4.250%, 10/15/2020
17,140,000
16,355,674
6.000%, 01/15/2018
16,080,000
17,603,853
9,285,000
10,158,811
15,919,000
17,369,937
5.750%, 03/15/2014 (S)
10,348,000
10,854,131
7.500%, 08/15/2036 (S)
15,910,000
17,023,700
7.000%, 06/15/2040
3,160,000
3,606,925
8.750%, 07/01/2019
7,290,000
9,219,656
10,875,000
10,168,125
9,955,000
10,361,990
6,665,000
8,020,741
Jefferies Group, Inc.
JPMorgan Chase & Company
JPMorgan Chase & Company, Series 1
(7.900% to 04/30/2018, then 3 month
LIBOR + 3.470%)
04/30/2018 (Q)
Key Bank NA
5.800%, 07/01/2014
Liberty Mutual Group, Inc.
Lincoln National Corp.
Lincoln National Corp. (6.050% to 04/20/17,
then 3 month LIBOR + 2.040%)
04/20/2067
Lloyds TSB Bank PLC
6.375%, 01/21/2021
Mack-Cali Realty LP
7.750%, 08/15/2019
Bond Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Financials (continued)
Macquarie Bank, Ltd.
6.625%, 04/07/2021 (S)
$
5,695,000 $
5,683,895
6.000%, 01/14/2020 (S)
7,365,000
7,404,079
7.300%, 08/01/2014 (S)
8,930,000
9,898,253
5.625%, 05/15/2033 (S)
225,000
210,294
8.875%, 06/01/2039 (S)
4,970,000
6,796,768
6.875%, 04/25/2018
14,935,000
16,560,749
7.750%, 05/14/2038
11,565,000
13,278,840
6.817%, 08/15/2018
5,000,000
5,772,370
10.750%, 08/01/2039
2,985,000
4,119,300
6.000%, 04/28/2015
5,900,000
6,416,427
7.300%, 05/13/2019
11,510,000
12,929,897
Macquarie Group, Ltd.
Massachusetts Mutual Life
Insurance Company
Merrill Lynch & Company, Inc.
MetLife, Inc.
Morgan Stanley
National City Bank
0.679%, 06/07/2017 (P)
8,550,000
8,059,264
4,390,000
4,341,649
7,455,000
8,551,064
1.750%, 10/04/2013 (S)
8,000,000
7,943,408
4.875%, 01/27/2020 (S)
7,945,000
8,118,638
4,135,000
4,061,393
6.625%, 05/15/2018
7,725,000
8,353,792
7.625%, 08/15/2014
5,000,000
5,715,630
4,000,000
4,250,272
12,359,000
16,097,598
0.478%, 06/26/2012 (P)
5,166,000
4,987,308
7.750%, 11/10/2014
8,301,000
8,965,080
2,860,000
2,877,332
545,000
570,513
310,000
426,789
7,000,000
7,278,838
12,930,000
14,578,924
325,000
378,078
3.700%, 08/01/2015
5,000,000
5,028,910
6.150%, 04/01/2018
13,330,000
14,427,392
6.750%, 10/01/2037
20,720,000
20,898,793
4.875%, 08/25/2014 (S)
15,778,000
16,366,362
4.875%, 03/16/2015
7,080,000
7,351,136
6,000,000
5,679,396
Nationwide Financial Services
5.375%, 03/25/2021 (S)
New York Life Insurance Company
6.750%, 11/15/2039 (S)
Nordea Bank AB
Post Apartment Homes LP
4.750%, 10/15/2017
ProLogis
Prudential Financial, Inc.
4.750%, 04/01/2014
Rabobank Nederland NV (11.000% to
06/30/2019, then 3 month
LIBOR + 10.868%)
06/30/2019 (Q)
Regions Financial Corp.
Santander Issuances SA (6.500% to
11/15/2014, then 3 month LIBOR + 3.920%)
08/11/2019 (S)
Silicon Valley Bank
6.050%, 06/01/2017
Simon Property Group LP
10.350%, 04/01/2019
TD Ameritrade Holding Corp.
4.150%, 12/01/2014
Teachers Insurance & Annuity Association of
America
6.850%, 12/16/2039 (S)
The Bear Stearns Companies LLC
7.250%, 02/01/2018
The Goldman Sachs Group, Inc.
The Royal Bank of Scotland PLC
The Travelers Companies, Inc.
3.900%, 11/01/2020
57
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Bond Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Financials (continued)
Unum Group
7.125%, 09/30/2016
$
6,443,000 $
7,253,755
5,122,000
5,694,409
465,000
390,600
15,025,000
15,362,371
4,310,000
4,551,537
5.850%, 02/01/2037
7,295,000
7,444,445
6.600%, 01/15/2038
8,020,000
9,009,139
4.875%, 02/15/2014
3,140,000
3,340,596
5.250%, 08/01/2014
10,000,000
10,684,910
5,980,000
6,854,384
8,620,000
9,447,373
11,220,000
11,549,733
7,850,000
7,779,476
6.200%, 03/28/2017
7,398,000
7,876,429
7.000%, 09/29/2019
9,685,000
10,475,054
8,446,000
8,935,970
UnumProvident Finance Company PLC
6.850%, 11/15/2015 (S)
USB Realty Corp. (6.091% to 01/15/2012,
then 3 month LIBOR + 1.147%)
01/15/2012 (Q)(S)
Vornado Realty LP
4.250%, 04/01/2015
W.R. Berkley Corp.
5.600%, 05/15/2015
Wachovia Bank NA
Wachovia Corp.
WEA Finance LLC/WT Finance
Australia Pty, Ltd.
6.750%, 09/02/2019 (S)
Wells Fargo Bank NA
5.750%, 05/16/2016
Westpac Banking Corp.
4.875%, 11/19/2019
Willis Group Holdings PLC
5.750%, 03/15/2021
Willis North America, Inc.
Woodside Finance, Ltd.
4.500%, 11/10/2014 (S)
1,151,014,132
Health Care - 0.43%
Bio-Rad Laboratories, Inc.
4.875%, 12/15/2020
4,445,000
4,372,769
16,150,000
18,803,380
Medco Health Solutions, Inc.
7.125%, 03/15/2018
23,176,149
Industrials - 2.99%
America West Airlines 2000-1 Pass
Through Trust
8.057%, 07/02/2020
Asciano Finance, Ltd.
3,066,410
3,204,398
4.625%, 09/23/2020 (S)
10,495,000
9,927,903
4,094,235
4,309,183
4,324,990
4,584,489
12,269,983
12,576,732
94,188
97,249
3,404,666
3,532,341
5,000,000
5,000,000
Continental Airlines 1998-1 Class A Pass
Through Trust
6.648%, 09/15/2017
Continental Airlines 1999-1 Class A Pass
Through Trust
6.545%, 02/02/2019
Continental Airlines 2007-1 Class A Pass
Through Trust
5.983%, 04/19/2022
Delta Air Lines 2007-1 Class A Pass
Through Trust
6.821%, 08/10/2022
Delta Air Lines 2010-1 Class A Pass
Through Trust
6.200%, 07/02/2018
Delta Air Lines 2010-2 Class A Pass
Through Trust
4.950%, 05/23/2019
Bond Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Industrials (continued)
Delta Air Lines 2011-1 Class A Pass
Through Trust
5.300%, 04/15/2019
$
5,080,000 $
5,118,100
7,410,000
7,965,750
9,335,000
10,768,091
7,675,000
8,345,381
4,830,000
5,598,950
11,838,526
12,193,682
71,357
73,497
7,685,000
7,608,150
15,000,000
16,493,070
5.600%, 12/01/2017
6,689,000
6,978,968
6.200%, 03/15/2015
4,000,000
4,359,600
10,751,222
12,256,393
Embraer Overseas, Ltd.
6.375%, 01/15/2020
GATX Corp.
8.750%, 05/15/2014
General Electric Company
5.250%, 12/06/2017
Ingersoll-Rand Global Holding Company, Ltd.
6.875%, 08/15/2018
Northwest Airlines 2002-1 Class G-2 Pass
Through Trust
6.264%, 11/20/2021
Northwest Airlines 2007-1 Class A Pass
Through Trust
7.027%, 11/01/2019
Odebrecht Finance, Ltd.
6.000%, 04/05/2023 (S)
Ryder System, Inc.
5.850%, 03/01/2014
Textron, Inc.
UAL 2009-2A Pass Through Trust
9.750%, 01/15/2017
Voto-Votorantim Overseas Trading
Operations NV
6.625%, 09/25/2019 (S)
9,630,000
10,159,650
9,465,000
10,032,900
Voto-Votorantim, Ltd.
6.750%, 04/05/2021 (S)
161,184,477
Information Technology - 0.16%
Fiserv, Inc.
6.800%, 11/20/2017
7,780,000
8,657,001
5.950%, 01/15/2021
3,150,000
3,311,680
9.375%, 06/01/2019
5,324,000
6,736,809
5.375%, 06/01/2013
11,302,000
12,010,726
6.125%, 06/01/2018
1,000,000
1,058,272
6.750%, 03/01/2041
6,275,000
6,145,101
9.850%, 06/01/2019
10,125,000
12,833,954
6,585,000
6,541,058
5,875,000
5,948,438
9,055,000
9,477,832
7.950%, 06/15/2018
8,633,000
10,369,796
9.375%, 05/15/2019
6,955,000
8,941,431
2,160,000
2,365,200
8,150,000
8,802,000
11,000,000
11,977,966
14,220,000
17,142,537
22,270,000
28,438,790
Materials - 2.96%
Allegheny Technologies, Inc.
ArcelorMittal
Cliffs Natural Resources, Inc.
6.250%, 10/01/2040
Gerdau Trade, Inc.
5.750%, 01/30/2021 (S)
Incitec Pivot Finance LLC
6.000%, 12/10/2019 (S)
International Paper Company
Mercer International, Inc.
9.500%, 12/01/2017 (S)
Mosaic Company
7.625%, 12/01/2016 (S)
Potash Corp. of Saskatchewan, Inc., Sr Note
5.250%, 05/15/2014
Rio Tinto Finance USA, Ltd.
7.125%, 07/15/2028
Teck Resources, Ltd.
10.750%, 05/15/2019
58
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Bond Trust (continued)
Shares or
Principal
Amount
CORPORATE BONDS (continued)
Value
Materials (continued)
Vale Overseas, Ltd.
6.875%, 11/10/2039
$
6,835,000 $
7,303,068
159,404,658
Telecommunication Services - 2.14%
Alltel Corp.
7.000%, 03/15/2016
10,000,000
11,694,900
9,595,000
9,881,948
3,000,000
3,106,437
20,055,000
19,944,597
13,207,000
15,088,998
11,273,000
11,554,825
4.950%, 09/30/2014
7,350,000
7,649,579
5.250%, 11/15/2013
5,000,000
5,274,940
6.175%, 06/18/2014
9,240,000
9,911,711
7.721%, 06/04/2038
5,770,000
6,108,341
15,000,000
15,132,105
America Movil SAB de CV
5.000%, 03/30/2020
AT&T, Inc.
6.500%, 09/01/2037
NBCUniversal Media LLC
2.100%, 04/01/2014 (S)
Qwest Corp.
7.500%, 10/01/2014
SBA Tower Trust
5.101%, 04/15/2017 (S)
Telecom Italia Capital SA
Telefonica Emisiones SAU
2.582%, 04/26/2013
115,348,381
Utilities - 2.87%
Allegheny Energy Supply Company LLC
5.750%, 10/15/2019 (S)
10,560,000
10,759,162
6,005,000
6,309,411
15,749,000
17,382,392
6.250%, 06/15/2018
5,000,000
5,656,910
6.300%, 02/01/2014
14,960,000
16,662,433
5,900,000
5,766,513
7,545,000
7,907,183
13,430,000
13,111,038
4,435,000
4,707,118
5.500%, 01/15/2020 (S)
7,215,000
7,588,585
6.050%, 01/31/2018 (S)
4,760,000
5,197,544
6,390,000
7,124,818
7,000,000
7,640,941
Appalachian Power Company
5.000%, 06/01/2017
Commonwealth Edison Company
5.800%, 03/15/2018
Duke Energy Corp.
Exelon Generation Company LLC
6.250%, 10/01/2039
FirstEnergy Solutions Corp.
4.800%, 02/15/2015
Integrys Energy Group, Inc. (6.110% to
12/01/2016, then 3 month LIBOR + 2.120%)
12/01/2066
Israel Electric Corp., Ltd.
7.250%, 01/15/2019 (S)
ITC Holdings Corp.
KCP&L Greater Missouri Operations
Company
11.875%, 07/01/2012
Nisource Finance Corp.
5.400%, 07/15/2014
Oncor Electric Delivery Company LLC
5.000%, 09/30/2017 (S)
4,500,000
4,661,163
5,525,000
5,739,000
37,000
39,390
9,000,000
9,579,078
15,524
16,414
12,300,000
12,642,641
Pennsylvania Electric Company
5.125%, 04/01/2014
PNPP II Funding Corp.
9.120%, 05/30/2016
PSEG Power LLC
5.000%, 04/01/2014
Salton Sea Funding Corp., Series F
7.475%, 11/30/2018
Trans-Allegheny Interstate Line Company
4.000%, 01/15/2015 (S)
Bond Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Utilities (continued)
W3A Funding Corp.
8.090%, 01/02/2017
$
101,413
$
101,554
Wisconsin Energy Corp. (6.250% to
05/15/2017, then 3 month LIBOR + 2.113%)
05/15/2067
6,015,000
6,037,556
154,630,844
TOTAL CORPORATE BONDS (Cost $2,225,077,630)
$
2,268,532,614
MUNICIPAL BONDS - 0.09%
California - 0.09%
State of California
7.600%, 11/01/2040
4,495,000
TOTAL MUNICIPAL BONDS (Cost $4,537,658)
4,925,756
$
4,925,756
CAPITAL PREFERRED SECURITIES - 1.27%
Financials - 1.27%
Allfirst Preferred Capital Trust
1.803%, 07/15/2029 (P)
55,000
44,990
17,241,000
16,788,424
4,155,000
5,017,163
17,680,000
18,907,346
275,000
274,771
11,122,000
11,136,459
Fifth Third Capital Trust IV (6.500% to
04/15/2017 then 3 month LIBOR + 1.368%)
04/15/2037
MetLife Capital Trust X (9.250% to
04/08/2038 then 3 month LIBOR + 5.540%)
04/08/2068 (S)
PNC Preferred Funding Trust III (8.700% to
03/15/2013 then 3 month LIBOR + 5.226%)
03/15/2013 (Q)(S)
Sovereign Capital Trust VI
7.908%, 06/13/2036
State Street Capital Trust III (5.300% to
06/23/2011, then 3 month LIBOR + 4.990%)
06/17/2011 (Q)
State Street Capital Trust IV
1.309%, 06/15/2037 (P)
19,925,000
16,441,054
68,610,207
TOTAL CAPITAL PREFERRED
SECURITIES (Cost $67,020,762)
$
68,610,207
COLLATERALIZED MORTGAGE
OBLIGATIONS - 10.55%
COMMERCIAL & RESIDENTIAL - 0.12%
American Tower Trust
Series 2007-1A, Class C,
5.615%, 04/15/2037 (S)
$
1,200,000 $
1,267,765
275,000
290,025
325,000
339,564
4,905,520
4,714,391
48,699,732
47,455,580
14,548,031
15,223,109
4,548,546
502,121
Series 2007-1A, Class D,
5.957%, 04/15/2037 (S)
Morgan Stanley Capital I, Series 2007-IQ13,
Class A4
5.364%, 03/15/2044
WaMu Mortgage Pass Through Certificates,
Series 2005-AR12, Class 1A2
2.725%, 10/25/2035 (P)
U.S. GOVERNMENT AGENCY - 10.43%
Federal Home Loan Mortgage Corp.
Series 3724, Class NB,
2.250%, 07/15/2038
Series 3672, Class DA,
4.000%, 01/15/2024
Series 3630, Class BI IO,
4.000%, 05/15/2027
59
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Bond Trust (continued)
Shares or
Principal
Amount
Value
38,421,276 $
39,713,667
18,351,743
3,303,064
42,591,108
5,759,246
U.S. GOVERNMENT AGENCY (continued)
Federal Home Loan Mortgage Corp. (continued)
Series 3730, Class AB,
4.000%, 11/15/2028
$
Series 3738, Class IC IO,
4.000%, 08/15/2029
Series 3738, Class MI IO,
4.000%, 09/15/2034
Series 3571, Class BA,
4.500%, 04/15/2023
23,527,998
24,646,116
11,312,674
11,855,640
39,637,993
3,856,539
6,232,638
683,609
6,650,556
6,919,448
98,250,288
14,770,752
45,345,769
8,826,840
27,279,365
4,605,504
32,233,134
6,439,510
5,244,758
1,045,066
11,367,006
1,243,161
17,490,868
2,192,795
13,351,062
1,524,952
35,700,768
36,826,963
19,160,574
4,366,230
12,452,472
2,924,020
22,009,223
22,760,845
7,855,401
8,186,358
29,886,961
31,301,074
19,386,979
4,139,958
10,259,171
2,223,017
33,299,743
7,314,317
25,488,893
5,830,535
44,542,471
46,739,974
25,298,073
26,445,225
18,763,225
2,284,884
9,701,855
1,130,438
Series 3571, Class JA,
4.500%, 04/15/2023
Series 3609, Class LI IO,
4.500%, 12/15/2024
Series 3623, Class LI IO,
4.500%, 01/15/2025
Series 3499, Class PA,
4.500%, 08/15/2036
Series 3747, Class HI IO,
4.500%, 07/15/2037
Series 3699, Class MiI,
4.500%, 01/15/2038
Series 3794, Class PI IO,
4.500%, 02/15/2038
Series 3714, Class KI IO,
4.500%, 11/15/2039
Series 3581, Class IO,
6.000%, 10/15/2039
Federal National Mortgage Association
Series 2010-14, Class AI IO,
4.000%, 08/25/2027
Series 2010-14, Class IA IO,
4.000%, 08/25/2027
Series 2010-36, Class BI IO,
4.000%, 03/25/2028
Series 2009-66, Class EK,
4.000%, 09/25/2039
Series 402, Class 4 IO,
4.000%, 10/25/2039
Series 402, Class 3 IO,
4.000%, 11/25/2039
Series 2010-23, Class KA,
4.000%, 02/25/2040
Series 2009-77, Class AB,
4.500%, 05/25/2036
Series 2010-53, Class MA,
4.500%, 09/25/2037
Series 398, Class C3 IO,
4.500%, 05/25/2039
Series 401, Class C2 IO,
4.500%, 06/25/2039
Series 402, Class 8 IO,
4.500%, 11/25/2039
Series 402, Class 7 IO,
4.500%, 11/25/2039
Series 2008-29, Class BG,
4.700%, 12/25/2035
Series 2008-17, Class DP,
4.750%, 02/25/2038
Series 2010-13, Class KI IO,
5.000%, 12/25/2018
Series 2009-47, Class EI IO,
5.000%, 08/25/2019
Series 2010-45, Class AI IO,
5.000%, 02/25/2021
34,753,430
4,114,062
15,682,530
1,632,704
Series 366, Class 24 IO,
5.000%, 10/01/2035
Bond Trust (continued)
Shares or
Principal
Amount
Value
U.S. GOVERNMENT AGENCY (continued)
Federal National Mortgage
Association (continued)
Series 2010-68, Class CI IO,
5.000%, 11/25/2038
$
34,642,612 $
6,479,852
17,580,616
3,171,197
15,378,379
15,626,214
28,689,168
29,658,573
21,550,643
22,334,552
61,005,564
64,144,227
43,425,698
6,142,500
16,594,289
2,163,306
24,865,428
3,268,752
Series 2009-50, Class GI IO,
5.000%, 05/25/2039
Government National Mortgage Association
Series 2009-103, Class DC,
3.500%, 09/16/2039
Series 2010-114, Class MA,
4.000%, 03/20/2039
Series 2009-69, Class PC,
4.000%, 07/16/2039
Series 2010-91, Class GA,
4.500%, 09/20/2036
Series 2009-40, Class BI IO,
4.500%, 09/20/2036
Series 2009-123, Class DI, IO,
4.500%, 07/20/2037
Series 2010-78, Class AI IO,
4.500%, 04/20/2039
561,776,496
TOTAL COLLATERALIZED MORTGAGE
OBLIGATIONS (Cost $574,839,658)
$
568,388,241
ASSET BACKED SECURITIES - 0.15%
Asset Backed Funding Certificates,
Series 2005-HE1, Class M1
0.669%, 03/25/2035 (P)
7,248,885
6,358,860
Bayview Financial Acquisition Trust,
Series 2006-A, Class 2A3
0.598%, 02/28/2041 (P)
2,019,751
TOTAL ASSET BACKED SECURITIES (Cost $7,967,316)
1,743,938
$
8,102,798
SECURITIES LENDING COLLATERAL - 4.20%
John Hancock Collateral
Investment Trust, 0.2876% (W)(Y)
22,592,350
226,079,385
TOTAL SECURITIES LENDING
COLLATERAL (Cost $226,084,738)
SHORT-TERM INVESTMENTS - 2.03%
$
226,079,385
U.S. Government & Agency
Obligations* - 1.76%
U.S. Treasury Bills
0.013%, 04/07/2011
25,000,000
24,999,800
69,795,000
69,795,000
Federal Home Loan Bank Discount Notes
0.001%, 04/01/2011
94,794,800
Repurchase Agreement - 0.27%
Repurchase Agreement with State Street Corp.
dated 03/31/2011 at 0.010% to be
repurchased at $14,389,004 on 04/01/2011,
collateralized by $14,695,000 U.S. Treasury
Bills, 0.010% due 09/22/2011 (valued at
$14,680,305, including interest)
14,389,000
TOTAL SHORT-TERM INVESTMENTS (Cost $109,183,948)
14,389,000
$
109,183,800
$
5,652,677,330
Total Investments (Bond Trust)
(Cost $5,626,020,626) - 104.91%
Other assets and liabilities, net - (4.91%)
(264,394,288)
TOTAL NET ASSETS - 100.00%
$
5,388,283,042
60
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Capital Appreciation Trust
Shares or
Principal
Amount
Value
COMMON STOCKS - 98.99%
Consumer Discretionary - 20.80%
Auto Components - 1.01%
BorgWarner, Inc. (I)
146,191
$
11,649,961
Automobiles - 1.10%
Bayerische Motoren Werke (BMW) AG
152,935
12,767,488
Chipotle Mexican Grill, Inc. (I)(L)
36,538
9,951,855
Marriott International, Inc., Class A (L)
412,752
14,685,716
Starbucks Corp.
523,786
19,353,893
Hotels, Restaurants & Leisure - 3.80%
43,991,464
Internet & Catalog Retail - 4.55%
Amazon.com, Inc. (I)
254,664
45,872,626
priceline.com, Inc. (I)
13,199
6,684,502
52,557,128
Media - 2.35%
The Walt Disney Company
631,917
27,229,304
Bed Bath & Beyond, Inc. (I)
236,003
11,391,865
Tiffany & Company (L)
196,557
12,076,462
Urban Outfitters, Inc. (I)
155,293
4,632,390
Specialty Retail - 2.43%
28,100,717
Textiles, Apparel & Luxury Goods - 5.56%
Burberry Group Plcburberry
Group PLC-SADR
187,986
7,105,871
Coach, Inc.
255,090
13,274,884
LVMH Moet Hennessy Louis Vuitton SA
42,216
6,681,406
NIKE, Inc., Class B
260,020
19,683,514
Polo Ralph Lauren Corp. (L)
141,929
17,549,521
64,295,196
240,591,258
Consumer Staples - 5.50%
Food & Staples Retailing - 3.25%
Costco Wholesale Corp.
230,102
16,871,079
Whole Foods Market, Inc.
314,602
20,732,272
37,603,351
Food Products - 0.99%
Mead Johnson Nutrition Company
196,701
11,394,889
151,369
14,585,917
Personal Products - 1.26%
The Estee Lauder
Companies, Inc., Class A (L)
63,584,157
Energy - 6.15%
Energy Equipment & Services - 3.96%
Schlumberger, Ltd.
491,452
45,832,814
242,091
25,296,089
Oil, Gas & Consumable Fuels - 2.19%
Occidental Petroleum Corp.
71,128,903
Financials - 3.82%
Capital Markets - 2.48%
The Charles Schwab Corp.
731,938
13,196,842
The Goldman Sachs Group, Inc.
97,621
15,470,000
28,666,842
Consumer Finance - 1.34%
American Express Company
343,388
15,521,138
44,187,980
Capital Appreciation Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Health Care - 12.96%
Biotechnology - 2.44%
Alexion Pharmaceuticals, Inc. (I)
16,702
Celgene Corp. (I)
318,753
$
1,648,153
18,337,860
Vertex Pharmaceuticals, Inc. (I)(L)
171,223
8,206,718
28,192,731
Health Care Providers & Services - 1.80%
Express Scripts, Inc. (I)
373,462
20,768,222
Agilent Technologies, Inc. (I)
370,410
16,586,960
Illumina, Inc. (I)(L)
204,702
14,343,469
Life Sciences Tools & Services - 2.67%
30,930,429
Pharmaceuticals - 6.05%
Allergan, Inc.
214,752
15,251,687
Novo Nordisk A/S, SADR
94,693
11,858,404
Pfizer, Inc.
644,236
13,084,433
Shire PLC, ADR (L)
211,751
18,443,512
Teva Pharmaceutical Industries, Ltd., SADR
226,362
11,356,582
69,994,618
149,886,000
Industrials - 10.25%
Aerospace & Defense - 4.82%
Precision Castparts Corp.
154,545
22,745,933
The Boeing Company
198,654
14,686,490
United Technologies Corp.
217,201
18,386,065
55,818,488
Air Freight & Logistics - 1.42%
Expeditors International of Washington, Inc.
101,527
5,090,564
United Parcel Service, Inc., Class B
152,076
11,302,288
16,392,852
Machinery - 2.95%
Deere & Company
174,961
16,951,971
Ingersoll-Rand PLC
355,009
17,150,485
34,102,456
Road & Rail - 1.06%
Union Pacific Corp.
125,001
12,291,348
118,605,144
Information Technology - 34.56%
Communications Equipment - 3.45%
Juniper Networks, Inc. (I)
519,722
21,869,902
QUALCOMM, Inc.
328,405
18,006,446
39,876,348
Computers & Peripherals - 7.92%
Apple, Inc. (I)
159,781
55,675,689
EMC Corp. (I)
558,999
14,841,423
NetApp, Inc. (I)
436,586
21,034,713
91,551,825
Internet Software & Services - 5.94%
Baidu, Inc., SADR (I)
166,876
22,997,182
Google, Inc., Class A (I)
54,449
31,918,548
Mail.ru Group, Ltd., GDR (I)(S)
162,125
4,855,644
Tencent Holdings, Ltd., ADR
364,892
8,907,014
68,678,388
IT Services - 6.40%
Cognizant Technology
Solutions Corp., Class A (I)
151,877
12,362,788
International Business Machines Corp.
225,666
36,799,355
61
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Capital Appreciation Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
IT Services (continued)
MasterCard, Inc., Class A
98,690
$
24,842,247
74,004,390
Semiconductors & Semiconductor Equipment - 3.61%
Altera Corp. (L)
336,655
14,819,553
Atmel Corp. (I)
464,488
6,330,971
Avago Technologies, Ltd.
209,267
6,508,204
Broadcom Corp., Class A (I)
357,881
14,093,354
41,752,082
Software - 7.24%
Oracle Corp.
928,696
30,990,586
Red Hat, Inc. (I)
311,391
14,134,037
Salesforce.com, Inc. (I)
159,262
21,274,218
VMware, Inc., Class A (I)
213,179
17,382,616
83,781,457
399,644,490
Materials - 3.58%
Chemicals - 3.58%
E.I. du Pont de Nemours & Company
312,644
17,186,041
Monsanto Company
334,460
24,168,080
41,354,121
41,354,121
Telecommunication Services - 1.37%
Wireless Telecommunication Services - 1.37%
American Tower Corp., Class A (I)
305,599
TOTAL COMMON STOCKS (Cost $877,842,075)
15,836,136
$
1,144,818,189
SECURITIES LENDING COLLATERAL - 3.76%
John Hancock Collateral
Investment Trust, 0.2867% (W)(Y)
4,342,484
43,454,801
TOTAL SECURITIES LENDING
COLLATERAL (Cost $43,455,231)
$
43,454,801
SHORT-TERM INVESTMENTS - 0.09%
Money Market Funds* - 0.09%
State Street Institutional Treasury Money
Market Fund, 0.0027%
$
1,044,744 $
1,044,744
$
1,044,744
$
1,189,317,734
TOTAL SHORT-TERM INVESTMENTS (Cost $1,044,744)
Total Investments (Capital Appreciation Trust)
(Cost $922,342,050) - 102.84%
Other assets and liabilities, net - (2.84%)
(32,816,197)
TOTAL NET ASSETS - 100.00%
$
1,156,501,537
Capital Appreciation Value Trust
Shares or
Principal
Amount
Value
COMMON STOCKS - 66.70%
Consumer Discretionary - 7.15%
Automobiles - 0.26%
General Motors Company (I)
29,000
$
899,863
Hotels, Restaurants & Leisure - 1.86%
Carnival Corp.
91,400
3,506,104
Carnival PLC
4,383
172,634
Capital Appreciation Value Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Hotels, Restaurants & Leisure (continued)
McDonald’s Corp.
36,000
$
2,739,240
6,417,978
Leisure Equipment & Products - 0.15%
Mattel, Inc.
Media - 2.33%
21,500
535,995
Cablevision Systems Corp., Class A (L)
14,900
515,689
Time Warner, Inc.
211,000
7,532,700
8,048,389
Multiline Retail - 2.29%
Dollar General Corp. (I)(L)
123,300
3,865,455
Kohl’s Corp.
76,500
4,057,560
7,923,015
Specialty Retail - 0.26%
Lowe’s Companies, Inc. (L)
33,900
895,977
24,721,217
Consumer Staples - 11.26%
Beverages - 3.58%
PepsiCo, Inc.
191,900
12,360,279
General Mills, Inc.
210,700
7,701,085
Kellogg Company (L)
114,900
6,202,302
Nestle SA
1,758
100,874
Food Products - 4.05%
14,004,261
Household Products - 3.22%
Colgate-Palmolive Company
40,900
3,303,084
The Procter & Gamble Company
127,137
7,831,639
11,134,723
Tobacco - 0.41%
Philip Morris International, Inc.
21,300
1,397,919
38,897,182
Energy - 6.52%
Oil, Gas & Consumable Fuels - 6.52%
Canadian Natural Resources, Ltd.
22,000
1,087,460
El Paso Corp.
100,100
1,801,800
EOG Resources, Inc.
34,900
4,135,999
Nexen, Inc.
303,900
7,573,188
QEP Resources, Inc.
8,900
360,806
Spectra Energy Corp.
103,400
2,810,412
Total SA
78,284
4,765,663
22,535,328
22,535,328
Financials - 11.15%
Capital Markets - 0.75%
Franklin Resources, Inc.
20,700
2,589,156
PNC Financial Services Group, Inc.
30,200
1,902,298
U.S. Bancorp
392,900
10,384,347
Wells Fargo & Company
184,200
5,839,140
Commercial Banks - 5.25%
18,125,785
Diversified Financial Services - 1.84%
JPMorgan Chase & Company
116,300
5,361,430
Moody’s Corp. (L)
29,300
993,563
6,354,993
Insurance - 3.31%
AON Corp. (L)
132,100
6,996,016
Principal Financial Group, Inc. (L)
88,400
2,838,524
62
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Capital Appreciation Value Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Insurance (continued)
The Allstate Corp.
51,000
$
1,620,780
11,455,320
38,525,254
Health Care - 8.03%
Health Care Equipment & Supplies - 0.57%
Covidien PLC
37,900
1,968,526
Henry Schein, Inc. (I)(L)
11,357
796,921
Laboratory Corp. of America Holdings (I)
21,700
1,999,221
Health Care Providers & Services - 0.81%
2,796,142
Life Sciences Tools & Services - 3.28%
Thermo Fisher Scientific, Inc. (I)
203,900
11,326,645
574,070
11,659,362
Pharmaceuticals - 3.37%
Pfizer, Inc.
27,750,675
Industrials - 9.32%
Aerospace & Defense - 2.62%
The Boeing Company
11,400
842,802
United Technologies Corp.
96,900
8,202,585
9,045,387
Commercial Services & Supplies - 0.41%
Republic Services, Inc.
47,600
1,429,904
32,600
2,115,740
100
2,900
Electrical Equipment - 0.61%
Cooper Industries PLC (L)
Machinery - 4.25%
Actuant Corp., Class A
Danaher Corp.
226,800
11,770,920
Illinois Tool Works, Inc.
54,200
2,911,624
14,685,444
Trading Companies & Distributors - 1.43%
Mitsubishi Corp.
177,600
4,930,012
32,206,487
Information Technology - 8.58%
Communications Equipment - 0.28%
Cisco Systems, Inc.
56,000
960,400
76,900
3,150,593
183,600
6,392,952
Accenture PLC, Class A
68,700
3,776,439
Amdocs, Ltd. (I)
59,500
1,716,575
Fiserv, Inc. (I)
14,400
903,168
International Business Machines Corp. (L)
56,000
9,131,920
MasterCard, Inc., Class A
2,900
729,988
Computers & Peripherals - 0.91%
Hewlett-Packard Company
Electronic Equipment, Instruments & Components - 1.85%
TE Connectivity, Ltd.
IT Services - 4.71%
16,258,090
Semiconductors & Semiconductor Equipment - 0.83%
Texas Instruments, Inc.
83,400
2,882,304
29,644,339
Materials - 1.86%
Chemicals - 1.86%
Air Products & Chemicals, Inc.
52,500
4,734,450
Monsanto Company
23,400
1,690,884
6,425,334
6,425,334
Capital Appreciation Value Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Telecommunication Services - 1.74%
Diversified Telecommunication Services - 1.74%
AT&T, Inc.
196,000
$
5,997,600
Utilities - 1.09%
Electric Utilities - 0.40%
Edison International
1,400
51,226
Entergy Corp.
5,000
336,050
NV Energy, Inc.
65,300
972,317
1,359,593
Multi-Utilities - 0.69%
MDU Resources Group, Inc.
12,800
294,016
OGE Energy Corp.
33,500
1,693,760
PG&E Corp.
9,200
406,456
2,394,232
3,753,825
TOTAL COMMON STOCKS (Cost $191,161,588)
$
230,457,241
PREFERRED SECURITIES - 2.11%
Consumer Discretionary - 0.82%
Automobiles - 0.47%
General Motors Company, Series B, 4.750%
33,800
1,629,160
25,400
1,216,660
Household Durables - 0.35%
Newell Financial Trust I, 5.250%
2,845,820
Consumer Staples - 0.13%
Food Products - 0.13%
H.J. Heinz Finance Company, 8.000% (S)
4
430,000
1,500
73,050
200
207,040
AMG Capital Trust I, 5.100%
35,560
1,773,555
Citigroup, Inc., 7.500%
2,600
328,900
Energy - 0.02%
Oil, Gas & Consumable Fuels - 0.02%
Goodrich Petroleum Corp., Series B, 5.375%
Financials - 1.14%
Commercial Banks - 0.06%
Wells Fargo & Company, Series L, 7.500%
Diversified Financial Services - 0.61%
2,102,455
Insurance - 0.47%
Metlife, Inc., 5.000%
19,300
1,637,605
3,947,100
TOTAL PREFERRED SECURITIES (Cost $6,931,596)
$
7,295,970
$
15,000
CORPORATE BONDS - 8.46%
Consumer Discretionary - 1.70%
CSC Holdings, Inc., Series B
7.625%, 04/01/2011
$
15,000
Dish DBS Corp.
6.625%, 10/01/2014
475,000
502,906
900,000
967,500
5.400%, 03/01/2016
530,000
585,063
4.400%, 04/01/2021
715,000
712,709
299,000
319,621
885,000
1,022,175
Dollar General Corp.
10.625%, 07/15/2015
Home Depot, Inc.
Hyatt Hotels Corp
6.875%, 08/15/2019 (S)
Lamar Media Corp.
9.750%, 04/01/2014
63
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Capital Appreciation Value Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Consumer Discretionary (continued)
MGM Resorts International
13.000%, 11/15/2013
$
260,000
$
312,325
10.375%, 05/15/2014
200,000
229,000
9.000%, 03/15/2020
175,000
191,844
20,000
20,675
225,000
253,406
350,000
400,050
80,000
91,617
195,000
217,245
25,000
26,438
Penske Automotive Group, Inc.
7.750%, 12/15/2016
Sirius XM Radio, Inc.
9.750%, 09/01/2015 (S)
Starwood Hotels & Resorts Worldwide, Inc.
7.875%, 10/15/2014
Time Warner Cable, Inc.
7.500%, 04/01/2014
Time Warner, Inc.
5.875%, 11/15/2016
Univision Communications, Inc.
7.875%, 11/01/2020 (S)
5,867,574
Consumer Staples - 0.14%
General Mills, Inc.
5.200%, 03/17/2015
450,000
493,547
275,000
284,854
1,100,000
1,204,500
250,000
278,750
135,000
157,065
7.375%, 11/01/2016
180,000
199,800
6.500%, 09/15/2020
180,000
193,050
400,000
459,500
170,000
209,950
100,000
105,000
Energy - 1.19%
Buckeye Partners LP
5.500%, 08/15/2019
Consol Energy Inc.
8.000%, 04/01/2017
Forest Oil Corp.
8.500%, 02/15/2014
Gulfstream Natural Gas System LLC
6.950%, 06/01/2016 (S)
Peabody Energy Corp.
Petrohawk Energy Corp.
10.500%, 08/01/2014
Pride International, Inc.
8.500%, 06/15/2019
QEP Resources, Inc.
6.875%, 03/01/2021
6.800%, 03/01/2020
120,000
123,456
375,000
436,875
200,000
220,500
118,000
123,185
125,000
131,823
Quicksilver Resources, Inc.
11.750%, 01/01/2016
Range Resources Corp.
8.000%, 05/15/2019
Southeast Supply Header LLC
4.850%, 08/15/2014 (S)
Spectra Energy Capital LLC
5.650%, 03/01/2020
4,128,308
Financials - 0.51%
Brandywine Operating Partnership LP
4.950%, 04/15/2018
195,000
192,436
6.750%, 09/01/2016 (S)
325,000
347,750
7.125%, 09/01/2018 (S)
100,000
107,450
675,000
726,453
196,000
180,703
195,000
195,881
International Lease Finance Corp.
Janus Capital Group, Inc.
6.700%, 06/15/2017
Kreditanstalt Fuer Wiederaufbau
2.750%, 09/08/2020
National Rural Utilities Cooperative
Finance Corp.
3.050%, 03/01/2016
1,750,673
Capital Appreciation Value Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Health Care - 0.34%
Beckman Coulter, Inc.
7.000%, 06/01/2019
$
120,000
$
138,333
Life Technologies Corp.
3.375%, 03/01/2013
220,000
225,842
3.200%, 03/01/2016
395,000
401,100
4.500%, 03/01/2021
395,000
401,942
Thermo Fisher Scientific, Inc.
1,167,217
Industrials - 1.05%
American Airlines Pass
Through Trust 2009-1A
10.375%, 07/02/2019
117,543
138,113
295,902
335,848
97,237
105,016
Continental Airlines 2009-1 Pass
Through Trust
9.000%, 07/08/2016
Continental Airlines 2009-2 Class A Pass
Through Trust
7.250%, 11/10/2019
Continental Airlines, Inc.
6.750%, 09/15/2015 (S)
190,000
191,663
234,290
256,547
150,000
151,125
975,000
979,643
530,000
529,470
80,000
80,400
670,000
672,059
6.375%, 03/11/2015
90,000
101,859
7.375%, 03/11/2019
80,000
96,197
Delta Air Lines 2009-1 Class A Pass
Through Trust
7.750%, 12/17/2019
Delta Air Lines 2011-1 Class A Pass
Through Trust
5.300%, 04/15/2019
Honeywell International, Inc.
4.250%, 03/01/2021
US Airways 2010-1 Class A Pass
Through Trust
6.250%, 04/22/2023
US Airways 2010-1 Class B Pass
Through Trust
8.500%, 04/22/2017
Verisk Analytics, Inc.
5.800%, 05/01/2021
Waste Management, Inc.
3,637,940
Information Technology - 0.81%
Analog Devices, Inc.
3.000%, 04/15/2016
480,000
477,276
6.625%, 01/15/2018
225,000
238,219
6.875%, 01/15/2020
50,000
54,000
480,000
477,079
350,000
357,438
390,000
487,377
190,000
189,090
475,000
506,049
Brocade Communications Systems, Inc.
Cisco Systems, Inc.
3.150%, 03/14/2017
First Data Corp.
7.375%, 06/15/2019 (S)
International Business Machines Corp.
7.625%, 10/15/2018
Juniper Networks Inc.
4.600%, 03/15/2021
Tyco Electronics Group SA
6.000%, 10/01/2012
2,786,528
Materials - 0.14%
Ball Corp.
7.375%, 09/01/2019
125,000
135,313
200,000
225,500
Georgia-Pacific LLC
8.250%, 05/01/2016 (S)
64
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Capital Appreciation Value Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Materials (continued)
Silgan Holdings, Inc.
7.250%, 08/15/2016
$
100,000
$
108,500
469,313
Telecommunication Services - 1.84%
American Tower Corp.
4.500%, 01/15/2018
305,000
299,053
440,000
488,249
825,000
899,250
2,925,000
3,224,813
350,000
350,875
8.000%, 08/15/2016
100,000
108,875
8.250%, 08/15/2019
75,000
82,875
6.900%, 05/01/2019
25,000
25,813
8.375%, 03/15/2012
125,000
131,875
3.992%, 02/16/2016
355,000
356,265
5.462%, 02/16/2021
395,000
399,536
AT&T, Inc.
5.800%, 02/15/2019
CC Holdings GS V LLC/Crown Castle
GS III Corp.
7.750%, 05/01/2017 (S)
Crown Castle International Corp.
9.000%, 01/15/2015
Nextel Communications, Inc.
5.950%, 03/15/2014
SBA Telecommunications, Inc.
Sprint Capital Corp.
Telefonica Emisiones SAU
6,367,479
Utilities - 0.74%
Black Hills Corp.
9.000%, 05/15/2014
95,000
107,886
750,000
817,500
275,000
284,625
45,000
46,946
170,000
170,047
100,000
102,046
385,000
384,725
500,000
631,505
Calpine Construction Finance Company LP
8.000%, 06/01/2016 (S)
Calpine Corp.
7.500%, 02/15/2021 (S)
CMS Energy Corp.
6.250%, 02/01/2020
E.CL SA
5.625%, 01/15/2021 (S)
Florida Gas Transmission Company LLC
4.000%, 07/15/2015 (S)
Keyspan Gas East Corp.
5.819%, 04/01/2041 (S)
The Cleveland Electric Illuminating Company
8.875%, 11/15/2018
2,545,280
TOTAL CORPORATE BONDS (Cost $27,385,251)
$
29,213,859
CONVERTIBLE BONDS - 3.08%
Consumer Discretionary - 0.68%
Group 1 Automotive, Inc.
3.000%, 03/15/2020 (S)
447,000
570,484
1,746,000
1,772,190
Group 1 Automotive, Inc. (2.250% Steps down
to 2.000% on 6/15/2016)
06/15/2036
2,342,674
Energy - 0.47%
Goodrich Petroleum Corp
3.250%, 12/01/2026
61,000
61,610
511,000
1,230,233
258,000
341,850
Oil States International, Inc.
2.375%, 07/01/2025
Peabody Energy Corp.
4.750%, 12/15/2041
1,633,693
Capital Appreciation Value Trust (continued)
Shares or
Principal
Amount
Value
CONVERTIBLE BONDS (continued)
Financials - 0.39%
Host Hotels & Resorts LP
2.625%, 04/15/2027 (S)
$
1,332,000 $
1,333,665
75,000
110,438
1,008,000
1,197,000
236,000
253,405
1,173,000
1,365,079
Industrials - 0.03%
Actuant Corp.
2.000%, 11/15/2023
Information Technology - 0.81%
Liberty Media LLC
3.125%, 03/30/2023
Linear Technology Corp.
3.000%, 05/01/2027
Xilinx, Inc.
3.125%, 03/15/2037
2,815,484
Materials - 0.62%
Newmont Mining Corp.
1.250%, 07/15/2014
235,000
309,906
1.625%, 07/15/2017
683,000
923,758
497,000
906,404
United States Steel Corp.
4.000%, 05/15/2014
2,140,068
Telecommunication Services - 0.08%
SBA Communications Corp.
1.875%, 05/01/2013
229,000
261,060
TOTAL CONVERTIBLE BONDS (Cost $7,900,578)
$
10,637,082
TERM LOANS (M) - 8.58%
Consumer Discretionary - 6.18%
Cedar Fair LP
4.000%, 12/15/2017
648,750
651,178
2.250%, 03/06/2014
60,242
60,091
3.560%, 09/06/2016
1,205,807
1,207,475
7.250%, 03/06/2014
199,233
199,981
1.060%, 02/24/2012
496,918
492,570
2.060%, 03/29/2016
2,563,777
2,565,700
1,375,000
1,383,594
1,750,000
1,748,210
5,246,875
5,282,916
2.190%, 12/28/2015
1,404,509
1,368,394
2.200%, 12/29/2014
3,562,890
3,471,274
1,750,000
1,759,833
1,192,659
1,161,778
Charter Communications Operating LLC
CSC Holdings, Inc.
Dine Equity, Inc.
10/19/2017 (T)
Dollar General Corp.
3.020%, 07/07/2014
Dunkin Brands, Inc.
4.250%, 11/23/2017
Federal Mogul Corp.
Intelsat Jackson Holdings SA
5.250%, 04/03/2018
Univision Communications, Inc.
4.500%, 03/31/2017
21,352,994
Consumer Staples - 0.79%
Pinnacle Foods Holding
2.760%, 04/02/2014
735,771
731,939
1,975,000
1,982,760
Reynolds Group Holdings, Inc.
4.250%, 02/09/2018
2,714,699
Financials - 0.38%
Fifth Third Processing
5.500%, 11/03/2016
249,375
251,058
250,000
250,860
MSCI, Inc.
03/14/2017 (T)
65
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Capital Appreciation Value Trust (continued)
Shares or
Principal
Amount
Value
TERM LOANS (M) (continued)
Financials (continued)
Nuveen Investments, Inc.
3.310%, 11/13/2014
$
681,308
$
654,055
WorldPay
6.250%, 11/30/2017
150,000
146,116
1,302,089
Health Care - 0.27%
HCA, Inc.
1.560%, 11/16/2012
952,802
946,301
500,000
496,250
1,423,164
1,362,457
1,480,241
1,478,727
Industrials - 0.14%
Rexnord LLC
2.810%, 07/19/2013
Information Technology - 0.39%
First Data Corp.
3.000%, 09/24/2014
Materials - 0.43%
Georgia-Pacific Corp.
2.310%, 12/23/2012
TOTAL TERM LOANS (Cost $28,889,559)
$
29,653,517
SECURITIES LENDING COLLATERAL - 6.66%
John Hancock Collateral
Investment Trust, 0.2867% (W)(Y)
2,300,134
23,017,213
TOTAL SECURITIES LENDING
COLLATERAL (Cost $23,017,450)
$
23,017,213
49,890,615 $
49,890,615
611,000
611,000
SHORT-TERM INVESTMENTS - 14.62%
Money Market Funds* - 14.44%
T. Rowe Price Prime Reserve Fund, 0.1942% $
Repurchase Agreement - 0.18%
Repurchase Agreement with State Street Corp.
dated 03/31/2011 at 0.010% to be
repurchased at $611,000 on 04/01/2011,
collateralized by $620,000 Federal National
Mortgage Assocation, 2.000% due
07/14/2014 (valued at $623,875,
including interest)
TOTAL SHORT-TERM INVESTMENTS (Cost $50,501,615)
$
50,501,615
$
380,776,497
Total Investments (Capital Appreciation Value Trust)
(Cost $335,787,637) - 110.21%
Other assets and liabilities, net - (10.21%)
(35,276,476)
TOTAL NET ASSETS - 100.00%
$
Core Allocation Trust
Shares or
Principal
345,500,021
Amount
Value
INVESTMENT COMPANIES - 100.02%
Affiliated Investment Companies - 100.02%
Equity - 87.22%
John Hancock Trust (G) - 87.22%
500 Index, Series NAV (John Hancock) (2)(A)
1,099,142 $
12,607,152
Core Allocation Plus, Series NAV (Wellington)
5,740,033
65,378,980
521,491
9,365,976
320,995
6,217,670
International Index, Series NAV
(John Hancock) (2)(A)
Mid Cap Index, Series NAV
(John Hancock) (2)(A)
Core Allocation Trust (continued)
Shares or
Principal
Amount
Value
INVESTMENT COMPANIES (continued)
John Hancock Trust (G) (continued)
Small Cap Index, Series NAV
(John Hancock) (2)(A)
92,507
$
1,398,703
Fixed Income - 12.80%
John Hancock Trust (G) - 12.80%
Total Bond Market A,
Series NAV (Declaration) (A)
1,007,925
13,939,603
13,939,603
TOTAL INVESTMENT COMPANIES (Cost $99,629,088)
$
108,908,084
$
108,908,084
Total Investments (Core Allocation Trust)
(Cost $99,629,088) - 100.02%
Other assets and liabilities, net - (0.02%)
(17,045)
TOTAL NET ASSETS - 100.00%
$
108,891,039
Core Allocation Plus Trust
Shares or
Principal
Amount
Value
COMMON STOCKS - 60.68%
Consumer Discretionary - 8.87%
Auto Components - 0.35%
Autoliv, Inc. (L)
1,800
$
133,614
BorgWarner, Inc. (I)(L)
2,500
199,225
Continental AG (I)
5,701
515,083
TRW Automotive Holdings Corp. (I)
1,600
88,128
936,050
Automobiles - 0.99%
Astra International Tbk PT
43,000
281,000
Dongfeng Motor Group Company, Ltd.
270,000
462,457
Ford Motor Company (I)
76,700
1,143,597
Hyundai Motor Company, Ltd.
3,105
576,322
Thor Industries, Inc. (L)
4,470
149,164
2,612,540
Distributors - 0.12%
Jardine Cycle and Carriage, Ltd.
7,000
202,747
LKQ Corp. (I)(L)
4,200
101,220
303,967
Diversified Consumer Services - 0.16%
Apollo Group, Inc., Class A (I)
4,500
187,695
Estacio Participacoes SA
9,600
155,820
Weight Watchers International, Inc.
1,000
70,100
413,615
Hotels, Restaurants & Leisure - 1.14%
AFC Enterprises, Inc. (I)
4,410
66,723
Chipotle Mexican Grill, Inc. (I)(L)
1,900
517,503
Darden Restaurants, Inc.
1,100
54,043
Domino’s Pizza UK & IRL PLC
16,017
110,036
Domino’s Pizza, Inc. (I)
5,400
99,522
Genting Singapore PLC (I)
264,000
428,471
Kangwon Land, Inc.
11,330
263,699
Shanghai Jin Jiang International Hotels
Group Company, Ltd.
1,260,000
272,794
The Cheesecake Factory, Inc. (I)(L)
3,570
107,421
Wynn Macau, Ltd.
90,800
253,186
Wynn Resorts, Ltd. (L)
6,600
839,850
3,013,248
66
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Core Allocation Plus Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Household Durables - 0.29%
Persimmon PLC
61,366
$
438,494
Tempur-Pedic International, Inc. (I)(L)
6,180
313,079
751,573
Internet & Catalog Retail - 1.38%
Amazon.com, Inc. (I)(L)
11,830
2,130,938
Dena Company, Ltd.
10,300
372,103
Hyundai Home Shopping Network Corp.
4,495
497,391
Netflix, Inc. (I)(L)
620
147,145
priceline.com, Inc. (I)
740
374,766
Shutterfly, Inc. (I)(L)
2,000
104,720
3,627,063
Leisure Equipment & Products - 0.40%
Brunswick Corp. (L)
7,160
182,079
Mattel, Inc.
22,600
563,418
Sega Sammy Holdings, Inc.
18,400
314,914
1,060,411
Media - 1.33%
Cablevision Systems Corp., Class A (L)
3,900
134,979
Cinemark Holdings, Inc. (L)
7,120
137,772
DIRECTV, Class A (I)
16,130
754,884
DreamWorks Animation SKG, Inc. (I)(L)
25,200
703,836
Genius Products, Inc. (I)
16
64
MCOT PCL
31,900
30,587
Sirius XM Radio, Inc. (I)(L)
166,800
276,888
The Interpublic Group of Companies, Inc.
39,900
501,543
The McGraw-Hill Companies, Inc.
3,500
137,900
The Walt Disney Company
17,700
762,693
Time Warner Cable, Inc.
1,000
71,340
3,512,486
Multiline Retail - 0.25%
Big Lots, Inc. (I)
3,590
155,914
Hyundai Department Store Company, Ltd.
2,118
273,878
Kohl’s Corp.
3,700
196,248
Macy’s, Inc.
1,900
46,094
672,134
Specialty Retail - 1.44%
AutoZone, Inc. (I)(L)
1,100
300,916
Belle International Holdings, Ltd.
63,000
116,143
Dick’s Sporting Goods, Inc. (I)
7,360
294,253
Dufry Group AG (I)
5,003
575,473
Esprit Holdings, Ltd.
101,100
462,103
Limited Brands, Inc.
15,840
520,819
Lumber Liquidators Holdings, Inc. (I)(L)
28,250
705,968
Ross Stores, Inc. (L)
1,280
91,034
The Children’s Place Retail Stores, Inc. (I)
800
39,864
The Gap, Inc.
5,070
114,886
TJX Companies, Inc.
8,500
422,705
3,100
149,203
Ulta Salon, Cosmetics
& Fragrance, Inc. (I)(L)
3,793,367
Textiles, Apparel & Luxury Goods - 1.02%
Anta Sports Products, Ltd.
172,000
266,804
China Dongxiang Group Company
257,000
81,181
Coach, Inc.
10,450
543,818
Columbia Sportswear Company
2,090
124,188
Daphne International Holdings, Ltd.
346,000
261,901
Hanesbrands, Inc. (I)(L)
8,541
230,949
Lululemon Athletica, Inc. (I)(L)
5,800
516,490
Skechers U.S.A., Inc., Class A (I)(L)
11,800
242,372
Under Armour, Inc., Class A (I)(L)
2,321
157,944
Core Allocation Plus Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Textiles, Apparel & Luxury Goods (continued)
XTEP International Holdings
389,500
$
264,260
2,689,907
23,386,361
Consumer Staples - 4.06%
Beverages - 0.71%
C&C Group PLC - London Exchange
38,575
173,435
Coca-Cola Enterprises, Inc.
16,200
442,260
Dr. Pepper Snapple Group, Inc.
12,800
475,648
Kirin Holdings Company, Ltd.
41,000
538,747
The Coca-Cola Company
3,410
226,254
1,856,344
Food & Staples Retailing - 0.86%
Fresh Market, Inc. (I)
2,190
82,651
Safeway, Inc. (L)
15,440
363,458
Wal-Mart Stores, Inc.
20,660
1,075,353
Walgreen Company
12,770
512,588
X5 Retail Group NV, GDR (I)
5,693
239,960
2,274,010
Food Products - 1.20%
Golden Agri-Resources, Ltd.
656,000
358,251
GrainCorp., Ltd.
3,034
23,854
Coffee Roasters, Inc. (I)(L)
25,510
1,648,201
Hormel Foods Corp.
3,400
94,656
Ralcorp Holdings, Inc. (I)
4,200
287,406
Smithfield Foods, Inc. (I)
3,900
93,834
Tyson Foods, Inc., Class A
34,600
663,974
Green Mountain
3,170,176
Household Products - 0.19%
Kimberly-Clark Corp.
2,300
150,121
The Procter & Gamble Company
5,660
348,656
498,777
Personal Products - 0.18%
Herbalife, Ltd.
2,000
162,720
Pola Orbis Holdings, Inc.
14,500
301,444
464,164
Tobacco - 0.92%
Altria Group, Inc. (L)
24,030
625,501
Lorillard, Inc.
8,940
849,389
Philip Morris International, Inc.
14,560
955,573
2,430,463
10,693,934
Energy - 6.94%
Energy Equipment & Services - 0.76%
Ensco International PLC, ADR
12,600
728,784
Global Industries, Ltd. (I)(L)
9,200
90,068
Gulfmark Offshore, Inc., Class A (I)
2,850
126,854
Halliburton Company
8,400
418,656
Helmerich & Payne, Inc. (L)
1,900
130,511
Hornbeck Offshore Services, Inc. (I)
2,250
69,413
National Oilwell Varco, Inc.
2,100
166,467
Schlumberger, Ltd.
1,120
104,451
Tidewater, Inc.
2,770
165,785
2,000,989
Oil, Gas & Consumable Fuels - 6.18%
Alpha Natural Resources, Inc. (I)(L)
21,500
1,276,455
Anadarko Petroleum Corp.
4,380
358,810
Bumi Resources Tbk PT
964,500
370,314
67
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Core Allocation Plus Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Oil, Gas & Consumable Fuels (continued)
Cabot Oil & Gas Corp.
2,860
Canadian Natural Resources, Ltd.
13,900
$
151,494
687,330
Chevron Corp.
15,900
1,708,137
ConocoPhillips
15,030
1,200,296
CONSOL Energy, Inc.
6,400
343,232
Denbury Resources, Inc. (I)
16,100
392,840
Devon Energy Corp.
3,970
364,327
Exxon Mobil Corp.
32,035
2,695,105
Hess Corp.
2,800
238,588
Inpex Corp.
116
872,628
James River Coal Company (I)
5,530
133,660
Karoon Gas Australia, Ltd. (I)
22,589
167,139
Marathon Oil Corp.
14,485
772,195
MEG Energy Corp. (I)
6,600
333,982
Murphy Oil Corp.
6,440
472,825
Noble Energy, Inc.
3,840
371,136
Occidental Petroleum Corp.
1,300
135,837
OGX Petroleo e Gas Participacoes SA (I)
27,400
329,777
Peabody Energy Corp. (L)
15,120
1,088,035
Petroleo Brasileiro SA, ADR
8,100
327,483
Rosetta Resources, Inc. (I)(L)
3,160
150,226
Sunoco, Inc.
3,300
150,447
Total SA
3,637
221,408
Valero Energy Corp.
32,800
978,096
16,291,802
18,292,791
Financials - 7.59%
Capital Markets - 1.09%
Ameriprise Financial, Inc.
9,450
577,206
e Derivativos
5,900
97,571
EFG International
16,052
238,384
Evercore Partners, Inc., Class A
2,900
99,441
Invesco, Ltd.
3,400
86,904
SBI Holdings, Inc. (I)
2,290
288,246
The Goldman Sachs Group, Inc.
3,980
630,711
UBS AG (Swiss Exchange) (I)
48,400
868,770
CETIP SA - Balcao Organizado de Ativos
2,887,233
Commercial Banks - 1.87%
Banco Bradesco SA, ADR (L)
20,100
417,075
Banco Santander Brasil SA, ADR
58,300
714,758
Banco Santander SA
14,588
170,018
BNP Paribas
2,741
200,578
Huntington Bancshares, Inc.
15,400
102,256
KeyCorp
19,300
171,384
Mitsubishi UFJ Financial Group
112,000
517,047
Nordea Bank AB (L)
13,498
147,802
PNC Financial Services Group, Inc.
3,690
232,433
Seven Bank, Ltd.
158
316,779
U.S. Bancorp
6,900
182,367
UniCredit Italiano SpA
79,550
196,739
Wells Fargo & Company
49,200
1,559,640
4,928,876
Consumer Finance - 0.34%
Capital One Financial Corp. (L)
7,820
406,327
Discover Financial Services
17,600
424,512
Green Dot Corp., Class A (I)
1,330
57,070
887,909
Diversified Financial Services - 1.60%
Aberdeen Asset Management PLC
79,623
269,349
Bank of America Corp.
51,704
689,214
Core Allocation Plus Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Diversified Financial Services (continued)
Citigroup, Inc. (I)
169,100
$
747,422
IntercontinentalExchange, Inc. (I)
1,200
148,248
JPMorgan Chase & Company
42,880
1,976,768
Justice Holdings, Ltd. (I)
6,627
104,981
The NASDAQ OMX Group, Inc. (I)
10,800
279,072
4,215,054
Insurance - 1.96%
ACE, Ltd.
10,200
659,940
Aflac, Inc.
2,900
153,062
American Financial Group, Inc.
1,500
52,530
American International Group, Inc. (I)(L)
800
28,112
Assurant, Inc.
5,900
227,209
Axis Capital Holdings, Ltd.
1,900
66,348
Berkshire Hathaway, Inc., Class B (I)(L)
2,660
222,456
Chubb Corp. (L)
1,830
112,197
Everest Re Group, Ltd.
1,450
127,861
Marsh & McLennan Companies, Inc. (L)
8,700
259,347
Prudential Financial, Inc.
1,140
70,201
Reinsurance Group of America, Inc.
1,500
94,170
Resolution, Ltd.
217,519
1,033,733
Sony Financial Holdings, Inc.
11,400
223,934
The Allstate Corp.
15,460
491,319
The Travelers Companies, Inc.
11,890
707,217
Unum Group (L)
7,890
207,113
Validus Holdings, Ltd.
2,900
96,657
White Mountains Insurance Group, Ltd.
660
240,372
XL Group PLC
4,200
103,320
5,177,098
Real Estate Investment Trusts - 0.40%
American Capital Agency Corp.
3,300
96,162
Annaly Capital Management, Inc.
18,910
329,980
Public Storage
4,200
465,822
The Link REIT
54,688
171,641
1,063,605
Real Estate Management & Development - 0.33%
CB Richard Ellis Group, Inc., Class A (I)
13,400
357,780
City Developments, Ltd.
26,000
238,048
Wheelock and Company, Ltd.
71,000
266,763
862,591
20,022,366
Health Care - 4.87%
Biotechnology - 0.87%
Alkermes, Inc. (I)
6,200
80,290
Amgen, Inc. (I)
4,760
254,422
Ardea Biosciences, Inc. (I)(L)
2,350
67,422
Biogen Idec, Inc. (I)
7,470
548,223
Celgene Corp. (I)
3,400
195,602
Cubist Pharmaceuticals, Inc. (I)
6,200
156,488
Exelixis, Inc. (I)
6,200
70,060
Gilead Sciences, Inc. (I)
11,480
487,211
Incyte Corp. (I)(L)
4,690
74,337
Onyx Pharmaceuticals, Inc. (I)(L)
2,050
72,119
Pharmasset, Inc. (I)(L)
1,310
103,110
Regeneron Pharmaceuticals, Inc. (I)
2,370
106,508
Seattle Genetics, Inc. (I)(L)
5,750
89,528
2,305,320
Health Care Equipment & Supplies - 0.33%
Gen-Probe, Inc. (I)(L)
3,470
230,235
HeartWare International, Inc. (I)(L)
1,340
114,610
Intuitive Surgical, Inc. (I)(L)
580
193,407
NuVasive, Inc. (I)(L)
2,910
73,681
68
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Core Allocation Plus Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Health Care Equipment & Supplies (continued)
Volcano Corp. (I)
4,580
Zoll Medical Corp. (I)(L)
2,990
$
117,248
133,982
863,163
Health Care Providers & Services - 1.03%
Aetna, Inc.
11,500
430,445
CIGNA Corp.
5,500
243,540
Humana, Inc. (I)
3,510
245,489
United Drug PLC
53,536
174,329
UnitedHealth Group, Inc.
31,500
1,423,800
WellCare Health Plans, Inc. (I)
4,450
186,678
2,704,281
Health Care Technology - 0.11%
Allscripts-Misys
Healthcare Solutions, Inc. (I)
4,770
100,122
SXC Health Solutions Corp. (I)
3,440
188,512
288,634
Life Sciences Tools & Services - 0.18%
Agilent Technologies, Inc. (I)(L)
2,100
94,038
Illumina, Inc. (I)
1,500
105,105
Parexel International Corp. (I)(L)
3,760
93,624
Pharmaceutical Product Development, Inc.
6,690
185,380
478,147
Pharmaceuticals - 2.35%
Abbott Laboratories (L)
17,430
854,942
AstraZeneca PLC (I)
4,522
207,898
AstraZeneca PLC, SADR
700
32,284
Auxilium Pharmaceuticals, Inc. (I)
2,900
62,263
Bristol-Myers Squibb Company
980
25,901
Daiichi Sankyo Company, Ltd.
11,300
218,175
Eli Lilly & Company
25,980
913,717
Forest Laboratories, Inc. (I)
10,960
354,008
H. Lundbeck A/S
14,672
340,441
Johnson & Johnson
9,760
578,280
Merck & Company, Inc.
18,710
617,617
Pfizer, Inc.
66,655
1,353,763
Salix Pharmaceuticals, Ltd. (I)
2,780
97,383
Shionogi & Company, Ltd.
8,900
151,829
UCB SA
10,197
387,500
6,196,001
12,835,546
Industrials - 6.89%
Aerospace & Defense - 1.50%
BAE Systems PLC (I)
125,994
657,448
DigitalGlobe, Inc. (I)
3,800
106,514
General Dynamics Corp. (L)
7,580
580,325
Huntington Ingalls Industries, Inc. (I)
1,620
67,230
L-3 Communications Holdings, Inc.
7,460
584,193
Lockheed Martin Corp. (L)
4,000
321,600
Northrop Grumman Corp.
9,720
609,541
Qinetiq PLC (I)
199,935
390,385
Raytheon Company
8,540
434,430
Textron, Inc. (L)
7,100
194,469
3,946,135
Airlines - 0.05%
Copa Holdings SA, Class A
Building Products - 0.57%
2,620
138,336
Assa Abloy AB, Series B
14,351
412,581
Masco Corp.
47,200
657,024
Trex Company, Inc. (I)
3,960
129,175
Core Allocation Plus Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Building Products (continued)
USG Corp. (I)(L)
17,600
$
293,216
1,491,996
Commercial Services & Supplies - 0.33%
Corrections Corp. of America (I)
4,470
109,068
Pitney Bowes, Inc.
1,800
46,242
R.R. Donnelley & Sons Company (L)
23,590
446,323
Sykes Enterprises, Inc. (I)
6,730
133,052
The Geo Group, Inc. (I)(L)
4,800
123,072
857,757
Construction & Engineering - 0.46%
Skanska AB, Series B (L)
20,612
433,928
Vinci SA
7,189
449,130
Fluor Corp.
400
29,464
Foster Wheeler AG (I)
3,070
115,493
Aecom Technology Corp. (I)
6,500
180,245
1,208,260
Electrical Equipment - 0.23%
Belden, Inc. (L)
16,000
600,800
3M Company (L)
3,390
316,965
Beijing Enterprises Holdings, Ltd.
52,500
300,780
General Electric Company
51,180
1,026,159
Nava Bharat Ventures, Ltd.
33,377
187,352
Shanghai Industrial Holdings, Ltd.
81,000
310,769
Industrial Conglomerates - 0.81%
2,142,025
Machinery - 1.66%
Caterpillar, Inc.
8,610
958,724
Commercial Vehicle Group, Inc. (I)
4,900
87,416
Cummins, Inc.
3,000
328,860
Dover Corp.
1,400
92,036
Eaton Corp.
3,600
199,584
Hexagon AB
10,297
245,679
Hyundai Heavy Industries Company, Ltd.
561
264,517
Joy Global, Inc. (L)
7,790
769,730
Meritor, Inc. (I)
9,380
159,179
Navistar International Corp. (I)
1,480
102,608
Pall Corp.
9,000
518,490
Parker Hannifin Corp.
650
61,542
Sauer-Danfoss, Inc. (I)
1,500
76,395
SKF AB, B Shares
7,531
219,332
United Tractors Tbk PT
64,500
160,816
Weichai Power Compnay, Ltd.
20,000
121,523
4,366,431
Marine - 0.09%
Kawasaki Kisen Kaisha, Ltd.
67,000
247,283
The Advisory Board Company (I)
3,560
183,340
TrueBlue, Inc. (I)
6,761
113,517
Professional Services - 0.11%
296,857
Road & Rail - 0.71%
Con-way, Inc. (L)
2,950
115,906
J.B. Hunt Transport Services, Inc. (L)
4,427
201,074
Localiza Rent A Car SA
7,630
122,443
Norfolk Southern Corp.
2,500
173,175
Old Dominion Freight Line, Inc. (I)
4,560
160,010
Ryder Systems, Inc.
1,000
50,600
Union Pacific Corp.
8,600
845,638
Vitran Corp., Inc. (I)
4,610
64,955
Werner Enterprises, Inc. (L)
5,290
140,026
1,873,827
69
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Core Allocation Plus Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Trading Companies & Distributors - 0.33%
Mitsui & Company, Ltd.
28,800
$
516,239
RSC Holdings, Inc. (I)
6,750
97,065
United Rentals, Inc. (I)(L)
6,850
227,968
WW Grainger, Inc. (L)
310
42,681
883,953
Transportation Infrastructure - 0.04%
Cia de Concessoes Rodoviarias, ADR
3,900
113,227
18,166,887
Information Technology - 12.79%
Communications Equipment - 2.06%
AAC Acoustic
Technologies Holdings, Inc.
37,990
102,799
Acme Packet, Inc. (I)(L)
2,640
187,334
ADTRAN, Inc. (L)
3,170
134,598
Alcatel-Lucent, SADR (I)(L)
55,200
320,712
Aruba Networks, Inc. (I)
3,880
131,299
Cisco Systems, Inc.
8,350
143,203
Comverse Technology, Inc. (I)
196,300
1,474,213
F5 Networks, Inc. (I)
2,160
221,551
Finisar Corp. (I)
3,570
87,822
Ixia (I)(L)
3,690
58,597
JDS Uniphase Corp. (I)
4,000
83,360
Motorola Mobility Holdings, Inc. (I)
27,862
679,833
Motorola Solutions, Inc. (I)
12,342
551,564
Polycom, Inc. (I)(L)
4,890
253,547
QUALCOMM, Inc.
820
44,961
Research In Motion, Ltd. (I)
7,700
435,589
Riverbed Technology, Inc. (I)
2,500
94,125
ZTE Corp., Class H
91,200
426,052
5,431,159
Computers & Peripherals - 1.79%
Apple, Inc. (I)
8,160
2,843,352
Dell, Inc. (I)
35,000
507,850
EMC Corp. (I)
31,900
846,945
Hewlett-Packard Company
940
38,512
International, Inc., Class A (I)(L)
2,800
103,712
NetApp, Inc. (I)(L)
6,100
293,898
SanDisk Corp. (I)(L)
1,750
80,658
Lexmark
4,714,927
Electronic Equipment, Instruments & Components - 0.33%
FUJIFILM Holdings Corp.
14,000
433,566
Jabil Circuit, Inc.
15,490
316,461
Kingboard Laminates Holdings, Ltd.
142,000
118,582
868,609
Internet Software & Services - 1.88%
Ancestry.com, Inc. (I)(L)
2,670
94,652
Baidu, Inc., SADR (I)
3,900
537,459
Daum Communications Corp. (I)
3,093
275,995
Demand Media, Inc. (I)(L)
5,020
118,221
Dice Holdings, Inc. (I)(L)
9,700
146,567
eBay, Inc. (I)
37,430
1,161,827
Google, Inc., Class A (I)
570
334,140
LivePerson, Inc. (I)
4,940
62,442
Netease.com, Inc., ADR (I)
19,800
980,298
Quinstreet, Inc. (I)(L)
7,280
165,474
Rackspace Hosting, Inc. (I)
2,600
111,410
Sohu.com, Inc. (I)(L)
3,400
303,824
Tencent Holdings, Ltd.
17,500
425,204
Yahoo!, Inc. (I)
13,600
226,440
4,943,953
Core Allocation Plus Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
IT Services - 1.42%
Amdocs, Ltd. (I)
11,200
Forrester Research, Inc.
3,400
$
323,120
130,186
Gartner, Inc. (I)(L)
2,400
100,008
International, Ltd., ADR (I)(L)
3,500
65,555
International Business Machines Corp. (L)
9,760
1,591,563
MasterCard, Inc., Class A
940
236,617
Syntel, Inc. (L)
2,560
133,709
Teradata Corp. (I)
11,200
567,840
The Western Union Company
29,300
608,561
Hisoft Technology
3,757,159
Semiconductors & Semiconductor Equipment - 1.79%
Advanced Micro Devices, Inc. (I)
8,200
70,520
Applied Materials, Inc.
8,700
135,894
Applied Micro Circuits Corp. (I)
8,340
86,569
Avago Technologies, Ltd.
9,400
292,340
Cavium Networks, Inc. (I)(L)
4,440
199,489
Cree, Inc. (I)(L)
7,300
336,968
Cymer, Inc. (I)(L)
2,700
152,766
Cypress Semiconductor Corp. (I)
5,770
111,823
Intel Corp.
56,300
1,135,571
Lam Research Corp. (I)
10,100
572,266
LSI Corp. (I)
26,400
179,520
Maxim Integrated Products, Inc. (L)
17,300
442,880
NVIDIA Corp. (I)
9,000
166,140
Samsung Electronics Company, Ltd.
504
427,583
Skyworks Solutions, Inc. (I)(L)
5,890
190,954
Wolfson Microelectronics PLC (I)
54,806
212,477
4,713,760
Software - 3.52%
Activision Blizzard, Inc.
28,300
310,451
Ariba, Inc. (I)(L)
4,400
150,216
BMC Software, Inc. (I)
8,600
427,764
BroadSoft, Inc. (I)
2,760
131,624
Cadence Design Systems, Inc. (I)(L)
17,190
167,603
Citrix Systems, Inc. (I)
7,526
552,860
CommVault Systems, Inc. (I)(L)
2,670
106,480
Concur Technologies, Inc. (I)(L)
2,770
153,597
Electronic Arts, Inc. (I)(L)
66,600
1,300,698
Fortinet, Inc. (I)
1,400
61,600
Microsoft Corp.
60,100
1,524,136
Nintendo Company, Ltd.
2,680
723,967
Oracle Corp.
22,030
735,141
Parametric Technology Corp. (I)(L)
5,020
112,900
Quest Software, Inc. (I)
2,590
65,760
RealD, Inc. (I)(L)
4,130
112,997
RealPage, Inc. (I)
4,640
128,667
Red Hat, Inc. (I)
7,900
358,581
Salesforce.com, Inc. (I)(L)
5,370
717,325
Entertainment, Ltd., ADR (I)(L)
16,600
697,034
SuccessFactors, Inc. (I)(L)
6,270
245,094
TIBCO Software, Inc. (I)(L)
5,590
152,328
Totvs SA
5,650
108,491
Velti PLC (I)(L)
11,157
140,467
VMware, Inc., Class A (I)
1,200
97,848
Shanda Interactive
9,283,629
33,713,196
Materials - 5.88%
Chemicals - 1.25%
Agrium, Inc.
8,100
747,306
E.I. du Pont de Nemours & Company
3,100
170,407
70
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Core Allocation Plus Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Chemicals (continued)
Eastman Chemical Company
2,000
Huabao International Holdings, Ltd.
368,000
$
198,640
568,263
LSB Industries, Inc. (I)
2,960
117,334
Methanex Corp.
5,320
166,144
Monsanto Company
1,900
137,294
Rockwood Holdings, Inc. (I)
2,400
118,128
The Mosaic Company
13,650
1,074,938
3,298,454
Construction Materials - 0.77%
Anhui Conch Cement Company, Ltd.
110,000
691,983
BBMG Corp.
129,500
213,317
CRH PLC (London Exchange)
25,241
579,283
HeidelbergCement AG
7,822
546,375
2,030,958
Metals & Mining - 3.86%
Agnico Eagle Mines, Ltd.
14,500
962,075
Alcoa, Inc.
1,900
33,535
Allegheny Technologies, Inc. (L)
6,700
453,724
Barrick Gold Corp.
21,400
1,110,874
BHP Billiton, Ltd., SADR (L)
2,500
239,700
Cliffs Natural Resources, Inc.
6,400
628,992
Buenaventura SA, ADR (L)
10,410
447,318
Freeport-McMoRan Copper & Gold, Inc.
11,610
644,936
Goldcorp, Inc.
21,500
1,070,700
IAMGOLD Corp.
42,700
940,254
Kumba Iron Ore, Ltd.
3,678
259,538
Newmont Mining Corp.
5,300
289,274
Rio Tinto PLC
5,227
368,807
Silver Wheaton Corp.
13,000
563,680
Steel Dynamics, Inc.
29,300
549,961
Titanium Metals Corp. (I)(L)
1,700
31,586
United States Steel Corp.
7,600
409,944
Walter Energy, Inc.
4,990
675,796
Xstrata PLC
13,698
319,836
Yamato Kogyo Company, Ltd.
5,400
179,827
Compania de Minas
10,180,357
15,509,769
Telecommunication Services - 1.38%
Diversified Telecommunication Services - 1.06%
AT&T, Inc.
25,560
782,136
Deutsche Telekom AG
30,130
465,555
KT Corp.
14,271
505,857
Verizon Communications, Inc.
26,930
1,037,882
2,791,430
Wireless Telecommunication Services - 0.32%
Advanced Info Service PLC
137,700
409,754
MetroPCS Communications, Inc. (I)
2,900
47,096
Softbank Corp.
10,000
395,390
852,240
3,643,670
Utilities - 1.41%
Electric Utilities - 0.80%
Entergy Corp.
9,370
629,758
Exelon Corp. (L)
9,600
395,904
NV Energy, Inc.
6,200
92,318
Pepco Holdings, Inc.
21,100
393,515
Pinnacle West Capital Corp.
13,750
588,363
2,099,858
Core Allocation Plus Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Gas Utilities - 0.13%
Snam Rete Gas SpA
62,995
$
354,247
Independent Power Producers & Energy Traders - 0.07%
The AES Corp. (I)
13,400
174,200
Ameren Corp.
15,900
446,313
Integrys Energy Group, Inc.
1,160
58,592
Xcel Energy, Inc.
8,500
203,065
Multi-Utilities - 0.27%
707,970
Water Utilities - 0.14%
Cia de Saneamento de Minas Gerais
22,600
380,669
3,716,944
TOTAL COMMON STOCKS (Cost $139,478,406)
$
159,981,464
U.S. GOVERNMENT & AGENCY
OBLIGATIONS - 10.05%
U.S. Government - 6.42%
Treasury Inflation Protected Securities
2.000%, 04/15/2012
1,980,308 $
2,069,730
500,284
573,920
3.875%, 08/15/2040
475,000
424,754
4.250%, 05/15/2039 (F)
350,000
335,453
4.375%, 02/15/2038 (F)
175,000
171,992
4.625%, 02/15/2040
500,000
509,453
4.750%, 02/15/2041
600,000
623,250
6.250%, 08/15/2023 (F)
100,000
124,047
8.750%, 05/15/2017
800,000
1,079,438
0.625%, 02/28/2013
2,325,000
2,317,644
0.750%, 12/15/2013
1,850,000
1,829,765
2.500%, 04/30/2015
2,400,000
2,462,438
3.125%, 08/31/2013
3,075,000
3,231,120
3.625%, 02/15/2021
425,000
430,445
4.500%, 11/30/2011
710,000
730,135
2.625%, 07/15/2017
$
U.S. Treasury Bonds
U.S. Treasury Notes
16,913,584
U.S. Government Agency - 3.63%
Federal Home Loan Mortgage Corp.
4.500%, 10/01/2038
120,528
122,621
5.125%, 10/18/2016
400,000
448,708
5.250%, 04/18/2016
300,000
339,071
3.500%, TBA
2,900,000
2,725,495
4.000%, TBA
2,000,000
1,963,772
4.500%, TBA
200,000
203,215
4.520%, 04/01/2020
296,662
305,284
4.680%, 02/01/2020
296,546
308,626
4.875%, 12/15/2016
200,000
222,402
Federal National Mortgage Association
6.000%, 05/15/2011
500,000
503,604
4.000%, TBA
2,000,000
1,996,585
5.000%, 04/15/2036 to 04/15/2038
417,529
443,406
Government National
Mortgage Association
9,582,789
TOTAL U.S. GOVERNMENT & AGENCY
OBLIGATIONS (Cost $26,559,001)
$
26,496,373
FOREIGN GOVERNMENT
OBLIGATIONS - 0.26%
Brazil - 0.21%
Federative Republic of Brazil
5.875%, 01/15/2019
200,000
221,500
71
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Core Allocation Plus Trust (continued)
Shares or
Principal
Amount
Value
FOREIGN GOVERNMENT
OBLIGATIONS (continued)
Brazil (continued)
Federative Republic of Brazil (continued)
10.000%, 01/01/2012
BRL
550,000
$
339,830
561,330
Qatar - 0.05%
Government of Qatar
4.000%, 01/20/2015 (S)
$
120,000
123,900
TOTAL FOREIGN GOVERNMENT
OBLIGATIONS (Cost $627,731)
$
685,230
CORPORATE BONDS - 14.85%
Consumer Discretionary - 1.67%
British Sky Broadcasting Group PLC
5.625%, 10/15/2015 (S)
40,000
44,129
5.750%, 04/15/2020
90,000
95,055
8.200%, 05/15/2014
95,000
111,254
50,000
59,743
CBS Corp.
Comcast Cable Communications LLC
8.500%, 05/01/2027
Comcast Corp.
5.850%, 11/15/2015
35,000
38,930
6.450%, 03/15/2037
300,000
307,095
5.450%, 12/15/2014
80,000
88,193
6.250%, 06/01/2018 (S)
35,000
38,961
8.375%, 03/01/2039 (S)
180,000
228,483
65,000
71,175
60,000
60,600
210,000
220,582
3.500%, 03/01/2016
190,000
190,166
4.750%, 10/01/2014
70,000
75,296
65,000
70,324
95,000
100,615
100,000
106,563
15,000
14,588
10,000
10,588
5.900%, 12/01/2016
60,000
64,500
6.900%, 04/01/2029
50,000
50,625
15,000
16,894
6.150%, 03/01/2037
175,000
173,403
6.150%, 02/15/2041 (S)
85,000
84,290
7.280%, 06/30/2028
140,000
154,634
20,000
21,150
100,000
106,637
40,000
43,298
20,000
21,000
COX Communications, Inc.
CSC Holdings, Inc.
7.625%, 07/15/2018
D.R. Horton, Inc.
7.875%, 08/15/2011
Daimler Finance North America LLC
7.300%, 01/15/2012
DIRECTV Holdings LLC/DIRECTV
Financing Company, Inc.
Ford Motor Company
7.450%, 07/16/2031
Grupo Televisa SA
6.625%, 01/15/2040
Historic TW, Inc.
6.625%, 05/15/2029
Liberty Media LLC
8.250%, 02/01/2030
Limited Brands, Inc.
7.000%, 05/01/2020
Macy’s Retail Holdings, Inc.
NetFlix, Inc.
8.500%, 11/15/2017
News America, Inc.
Phillips-Van Heusen Corp.
7.375%, 05/15/2020
President and Fellows of Harvard College
5.625%, 10/01/2038
Princeton University
5.700%, 03/01/2039
QVC, Inc.
7.500%, 10/01/2019 (S)
Core Allocation Plus Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Consumer Discretionary (continued)
Staples, Inc.
9.750%, 01/15/2014
$
170,000
$
203,943
Target Corp.
7.000%, 01/15/2038
150,000
177,109
20,000
21,400
35,000
41,650
5.000%, 02/01/2020
115,000
116,136
5.850%, 05/01/2017
75,000
81,905
6.550%, 05/01/2037
165,000
167,813
6.750%, 07/01/2018
100,000
113,497
8.250%, 02/14/2014
50,000
58,087
4.700%, 01/15/2021
60,000
59,671
5.875%, 11/15/2016
15,000
16,711
6.250%, 03/29/2041
100,000
99,275
7.625%, 04/15/2031
200,000
230,563
4.500%, 03/01/2021
70,000
68,303
5.625%, 09/15/2019
180,000
196,735
6.125%, 10/05/2017
30,000
33,727
25,000
28,063
15,000
15,900
Tenneco, Inc.
8.125%, 11/15/2015
The Interpublic Group of Companies, Inc.
10.000%, 07/15/2017
Time Warner Cable, Inc.
Time Warner, Inc.
Viacom, Inc.
Videotron Ltee
9.125%, 04/15/2018
Wynn Las Vegas LLC/Wynn Las Vegas
Capital Corp.
7.750%, 08/15/2020
4,399,259
Consumer Staples - 1.48%
Altria Group, Inc.
9.700%, 11/10/2018
240,000
315,199
10.200%, 02/06/2039
25,000
35,470
4.125%, 01/15/2015
30,000
31,648
6.875%, 11/15/2019
100,000
117,968
7.750%, 01/15/2019
175,000
215,016
15,000
19,821
45,000
49,223
150,000
159,514
145,000
165,518
2.125%, 09/15/2015
170,000
165,026
7.375%, 03/03/2014
145,000
167,994
15,000
16,275
6.125%, 08/15/2016 to 09/15/2039
230,000
245,909
6.250%, 06/01/2027
65,000
71,195
45,000
45,852
Anheuser-Busch InBev Worldwide, Inc.
BAT International Finance PLC
9.500%, 11/15/2018 (S)
Bottling Group LLC
5.125%, 01/15/2019
Cargill, Inc.
5.600%, 09/15/2012 (S)
Cia de Bebidas das Americas
8.750%, 09/15/2013
Coca-Cola Enterprises, Inc.
Constellation Brands, Inc.
7.250%, 05/15/2017
CVS Caremark Corp.
Dr Pepper Snapple Group, Inc.
2.350%, 12/21/2012
General Mills, Inc.
5.200%, 03/17/2015
5,000
5,484
5.250%, 08/15/2013
185,000
200,893
5.650%, 02/15/2019
25,000
27,673
4.125%, 02/09/2016
170,000
176,071
6.750%, 02/19/2014
40,000
45,090
6.875%, 02/01/2038
220,000
243,909
Kraft Foods, Inc.
72
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Core Allocation Plus Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Consumer Staples (continued)
Lorillard Tobacco Company
6.875%, 05/01/2020
$
25,000
$
27,002
PepsiCo, Inc.
7.900%, 11/01/2018
114,000
144,489
195,000
216,706
45,000
50,305
20,000
23,550
6.200%, 06/15/2012
50,000
52,847
6.750%, 04/15/2012
160,000
169,539
4.875%, 07/08/2040
150,000
136,832
6.200%, 04/15/2038
325,000
356,812
200,000
204,374
Philip Morris International, Inc.
5.650%, 05/16/2018
Reynolds American, Inc.
7.250%, 06/01/2013
Smithfield Foods, Inc.
10.000%, 07/15/2014
The Kroger Company
Wal-Mart Stores, Inc.
WM Wrigley Jr. Company
3.700%, 06/30/2014 (S)
3,903,204
Energy - 1.12%
Anadarko Petroleum Corp.
6.450%, 09/15/2036
190,000
189,755
3.125%, 10/01/2015
250,000
250,980
4.750%, 03/10/2019
20,000
20,784
25,000
30,747
BP Capital Markets PLC
Burlington Resources Finance Company
7.400%, 12/01/2031
Canadian Natural Resources, Ltd.
4.900%, 12/01/2014
75,000
81,295
20,000
21,600
4.600%, 01/15/2015
85,000
92,520
5.900%, 05/15/2038
170,000
179,017
6.500%, 02/01/2039
50,000
56,921
8.000%, 04/01/2017
5,000
5,475
8.250%, 04/01/2020
10,000
11,088
60,000
67,097
10,000
10,875
3.200%, 02/01/2016
85,000
84,320
5.250%, 01/31/2020
210,000
217,632
10,000
10,375
5.800%, 03/01/2021
235,000
252,001
6.500%, 02/01/2037
50,000
51,133
6.850%, 02/15/2020
100,000
114,415
10,000
10,325
10,000
10,750
20,000
22,504
200,000
214,120
41,000
43,973
275,000
275,497
Chesapeake Energy Corp.
6.875%, 11/15/2020
ConocoPhillips
Consol Energy Inc.
El Paso Corp.
7.000%, 06/15/2017
Energy Transfer Equity LP
7.500%, 10/15/2020
Enterprise Products Operating LLC
Harvest Operations Corp.
6.875%, 10/01/2017 (S)
Kinder Morgan Energy Partners LP
Kinder Morgan Finance Company LLC
6.000%, 01/15/2018 (S)
Newfield Exploration Company
7.125%, 05/15/2018
Nexen, Inc.
7.500%, 07/30/2039
NGPL PipeCo LLC
6.514%, 12/15/2012 (S)
Peabody Energy Corp.
6.500%, 09/15/2020
Petrobras International Finance Company
5.375%, 01/27/2021
Core Allocation Plus Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Energy (continued)
Pioneer Natural Resources Company
6.650%, 03/15/2017
$
25,000
$
27,084
Plains All American Pipeline LP / PAA
Finance Corp.
5.000%, 02/01/2021
45,000
45,064
70,000
74,816
10,000
10,650
Plains All American Pipeline LP/PAA
Finance Corp.
5.750%, 01/15/2020
Range Resources Corp.
7.500%, 10/01/2017
Statoil ASA
3.125%, 08/17/2017
200,000
197,434
35,000
43,339
150,000
158,332
70,000
73,567
TransCanada Pipelines, Ltd.
7.625%, 01/15/2039
Transocean, Inc.
4.950%, 11/15/2015
Valero Energy Corp.
4.500%, 02/01/2015
2,955,485
Financials - 6.16%
ACE INA Holdings, Inc.
5.700%, 02/15/2017
75,000
82,137
70,000
77,959
155,000
169,412
250,000
278,136
100,000
111,742
100,000
106,606
40,000
42,339
285,000
318,163
5.625%, 07/01/2020
165,000
169,159
5.650%, 05/01/2018
415,000
432,974
5.750%, 12/01/2017
135,000
142,028
5.875%, 01/05/2021
100,000
104,263
6.050%, 12/04/2017 (S)
100,000
104,035
6.750%, 05/22/2019
120,000
135,357
4.950%, 04/15/2018
75,000
74,014
7.500%, 05/15/2015
125,000
141,023
6.150%, 09/01/2016
225,000
246,030
7.375%, 05/23/2014
45,000
51,607
30,000
30,263
4.750%, 05/19/2015
50,000
52,332
5.500%, 08/27/2012
100,000
105,315
6.125%, 11/21/2017 to 05/15/2018
340,000
370,163
6.500%, 08/19/2013
245,000
267,694
6.875%, 03/05/2038
150,000
164,842
180,000
180,603
500,000
530,190
Allied World Assurance Company
Holdings, Ltd.
7.500%, 08/01/2016
AMB Property LP
6.125%, 12/01/2016
American Express Centurion Bank
6.000%, 09/13/2017
American Express Credit Corp.
7.300%, 08/20/2013
American International Group, Inc.
6.400%, 12/15/2020
Ameriprise Financial, Inc.
5.300%, 03/15/2020
AvalonBay Communities, Inc.
6.100%, 03/15/2020
Bank of America Corp.
Barclays Bank PLC
Brandywine Operating Partnership LP
Capital One Financial Corp.
CIT Group, Inc.
7.000%, 05/01/2015
Citigroup, Inc.
Credit Agricole SA/London
3.500%, 04/13/2015 (S)
Credit Suisse New York
6.000%, 02/15/2018
73
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Core Allocation Plus Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Financials (continued)
Discover Financial Services
6.450%, 06/12/2017
$
140,000
$
150,749
DuPont Fabros Technology LP
8.500%, 12/15/2017
25,000
27,531
80,000
82,183
235,000
263,093
4.750%, 07/15/2020
65,000
65,714
5.250%, 09/15/2014
125,000
135,858
20,000
21,736
120,000
119,685
2.800%, 01/08/2013
300,000
306,777
3.750%, 11/14/2014
150,000
156,113
4.625%, 01/07/2021
250,000
245,824
5.300%, 02/11/2021
145,000
147,048
5.625%, 05/01/2018
100,000
107,927
5.875%, 01/14/2038
75,000
74,046
6.750%, 03/15/2032
90,000
98,896
65,000
69,574
15,000
16,425
3.750%, 02/01/2016
15,000
15,049
5.650%, 12/15/2013
185,000
200,227
6.000%, 01/30/2017
35,000
37,746
166,000
161,698
6.375%, 03/15/2015
15,000
15,319
6.750%, 06/01/2016
25,000
25,781
Equity One, Inc.
6.000%, 09/15/2017
ERAC USA Finance LLC
6.375%, 10/15/2017 (S)
ERP Operating LP
Federal Realty Investment Trust
5.650%, 06/01/2016
Fifth Third Bancorp
3.625%, 01/25/2016
General Electric Capital Corp.
Harley-Davidson Funding Corp.
5.750%, 12/15/2014 (S)
Hartford Financial Services Group, Inc.,
(8.125% to 06/15/2018, then 3 month
LIBOR + 4.6025%)
06/15/2038
HCP, Inc.
Health Care REIT, Inc.
5.250%, 01/15/2022
Host Hotels & Resorts LP
HSBC Holdings PLC
0.501%, 10/06/2016 (P)
150,000
147,985
6.800%, 06/01/2038
105,000
109,946
5.650%, 06/01/2014
30,000
30,150
6.375%, 03/25/2013
45,000
46,575
6.750%, 09/01/2016 (S)
5,000
5,350
7.125%, 09/01/2018 (S)
35,000
37,608
3.700%, 01/20/2015
175,000
179,796
6.000%, 01/15/2018
345,000
377,695
6.125%, 06/27/2017
100,000
108,693
6.400%, 05/15/2038
250,000
276,211
120,000
139,831
200,000
212,667
250,000
262,228
135,000
139,852
125,000
127,188
100,000
136,756
International Lease Finance Corp.
JPMorgan Chase & Company
Kimco Realty Corp.
6.875%, 10/01/2019
Lazard Group LLC
6.850%, 06/15/2017
Liberty Mutual Group, Inc.
5.750%, 03/15/2014 (S)
Lincoln National Corp.
4.300%, 06/15/2015
Lloyds TSB Bank PLC
4.375%, 01/12/2015 (S)
Massachusetts Mutual Life Insurance
Company
8.875%, 06/01/2039 (S)
Core Allocation Plus Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Financials (continued)
Merrill Lynch & Company, Inc.
5.450%, 07/15/2014
$
110,000
$
117,595
6.220%, 09/15/2026
100,000
99,322
6.400%, 08/28/2017
55,000
59,878
6.875%, 04/25/2018
165,000
182,961
150,000
161,270
3.125%, 01/11/2016 (S)
325,000
321,614
5.125%, 04/10/2013 (S)
25,000
26,664
4.200%, 11/20/2014
100,000
103,127
5.750%, 01/25/2021
130,000
131,013
6.000%, 04/28/2015
100,000
108,753
6.625%, 04/01/2018
500,000
548,631
75,000
79,300
100,000
121,610
MetLife, Inc.
5.000%, 06/15/2015
Metropolitan Life Global Funding I
Morgan Stanley
Morgan Stanley Dean Witter
6.600%, 04/01/2012
Nationwide Mutual Insurance Company
9.375%, 08/15/2039 (S)
Nomura Holdings, Inc.
5.000%, 03/04/2015
80,000
82,752
300,000
325,034
175,000
179,606
25,000
27,875
4.750%, 09/17/2015
120,000
127,564
5.150%, 01/15/2013
115,000
121,500
130,000
148,144
6.100%, 05/01/2016
45,000
50,767
6.125%, 05/30/2018
50,000
55,943
6.250%, 01/25/2016
215,000
224,138
8.450%, 06/15/2018
10,000
11,200
140,000
138,981
2.500%, 01/15/2016
275,000
272,593
4.300%, 05/15/2014
60,000
64,283
115,000
129,015
55,000
59,710
3.625%, 02/07/2016
125,000
123,601
5.375%, 03/15/2020
30,000
30,417
6.000%, 05/01/2014
90,000
98,744
6.150%, 04/01/2018
295,000
319,286
6.250%, 09/01/2017 to 02/01/2041
190,000
197,514
6.750%, 10/01/2037
180,000
181,553
7.500%, 02/15/2019
110,000
127,610
160,000
165,966
60,000
63,739
100,000
110,062
25,000
25,703
PNC Funding Corp.
5.625%, 02/01/2017
Principal Financial Group, Inc.
6.050%, 10/15/2036
Provident Funding Associates LP/PFG
Finance Corp.
10.250%, 04/15/2017 (S)
Prudential Financial, Inc.
Realty Income Corp.
6.750%, 08/15/2019
Simon Property Group LP
SLM Corp.
SunTrust Banks, Inc.
3.600%, 04/15/2016
The Bank of New York Mellon Corp.
The Bear Stearns Companies LLC
6.400%, 10/02/2017
The Charles Schwab Corp.
4.950%, 06/01/2014
The Goldman Sachs Group, Inc.
The Royal Bank of Scotland PLC
4.875%, 08/25/2014 (S)
UDR, Inc.
6.050%, 06/01/2013
UFJ Finance Aruba AEC
6.750%, 07/15/2013
Unitrin, Inc.
6.000%, 05/15/2017
74
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Core Allocation Plus Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Financials (continued)
Unum Group
7.125%, 09/30/2016
$
45,000
$
50,663
W.R. Berkley Corp.
5.600%, 05/15/2015
100,000
105,604
180,000
199,182
100,000
114,358
3.676%, 06/15/2016
400,000
401,688
4.600%, 04/01/2021
120,000
118,481
4.950%, 10/16/2013
240,000
256,153
75,000
84,626
Wachovia Corp.
5.750%, 06/15/2017
WEA Finance LLC/WT Finance
Australia Pty, Ltd.
7.500%, 06/02/2014 (S)
Wells Fargo & Company
Weyerhaeuser Company
7.375%, 10/01/2019
16,227,709
Health Care - 0.66%
AmerisourceBergen Corp.
4.875%, 11/15/2019
30,000
31,076
5.875%, 09/15/2015
75,000
83,479
3.450%, 10/01/2020
100,000
93,955
6.400%, 02/01/2039
40,000
44,360
6.900%, 06/01/2038
100,000
118,023
60,000
66,599
15,000
17,194
7.250%, 09/15/2020
5,000
5,350
8.500%, 04/15/2019
55,000
61,050
100,000
104,208
5,000
6,040
60,000
69,858
3.875%, 01/15/2021
150,000
146,583
4.000%, 06/30/2015
125,000
132,929
6.200%, 03/15/2019
170,000
195,644
7.200%, 03/15/2039
50,000
61,892
95,000
94,255
Amgen, Inc.
Express Scripts, Inc.
6.250%, 06/15/2014
Fresenius US Finance II, Inc.
9.000%, 07/15/2015 (S)
HCA, Inc.
Life Technologies Corp.
4.400%, 03/01/2015
McKesson Corp.
7.500%, 02/15/2019
Medco Health Solutions, Inc.
7.125%, 03/15/2018
Merck & Company, Inc.
Pfizer, Inc.
Quest Diagnostics, Inc.
3.200%, 04/01/2016
Roche Holdings, Inc.
6.000%, 03/01/2019 (S)
150,000
169,795
95,000
93,062
40,000
45,600
40,000
40,906
4.350%, 08/15/2020
35,000
34,865
7.000%, 02/15/2019
30,000
35,512
St Jude Medical, Inc.
2.500%, 01/15/2016
Tenet Healthcare Corp.
8.875%, 07/01/2019
Thermo Fisher Scientific, Inc.
3.200%, 05/01/2015
WellPoint, Inc.
1,752,235
Industrials - 0.42%
Bombardier, Inc.
7.750%, 03/15/2020 (S)
25,000
27,156
5,000
5,556
Case New Holland, Inc.
7.875%, 12/01/2017 (S)
Core Allocation Plus Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Industrials (continued)
CNH America LLC
7.250%, 01/15/2016
$
15,000
$
16,388
Continental Airlines 1997-4 Class A Pass
Through Trust
6.900%, 01/02/2018
42,525
45,183
45,735
48,137
35,000
38,238
15,000
15,544
5,000
5,231
65,000
67,755
280,000
304,457
120,000
125,030
15,000
13,534
15,000
16,256
15,000
16,631
Continental Airlines 1998-1 Class A Pass
Through Trust
6.648%, 09/15/2017
Crown Americas LLC / Crown Americas
Capital Corp. II
7.625%, 05/15/2017
Deluxe Corp.
7.375%, 06/01/2015
Esterline Technologies Corp.
7.000%, 08/01/2020
GATX Corp.
4.750%, 05/15/2015
General Electric Company
5.250%, 12/06/2017
L-3 Communications Corp.
5.200%, 10/15/2019
Masco Corp.
6.500%, 08/15/2032
Navios Maritime Holdings, Inc. / Navios
Maritime Finance US, Inc.
8.875%, 11/01/2017
Navistar International Corp.
8.250%, 11/01/2021
Republic Services, Inc.
5.250%, 11/15/2021
180,000
188,188
21,633
23,472
60,000
69,089
15,000
14,985
60,000
67,906
Southwest Airlines Company 2007-1 Pass
Through Trust
6.150%, 08/01/2022
Textron, Inc.
7.250%, 10/01/2019
US Airways 2010-1 Class A Pass
Through Trust
6.250%, 04/22/2023
Waste Management, Inc.
6.375%, 03/11/2015
1,108,736
Information Technology - 0.21%
Avnet, Inc.
6.625%, 09/15/2016
75,000
81,971
5,000
5,131
20,000
21,650
100,000
113,033
5,000
4,969
10,000
10,500
19,000
22,135
4.250%, 02/15/2015
60,000
63,094
6.350%, 05/15/2018
50,000
56,481
6.400%, 03/15/2016
160,000
181,128
eAccess, Ltd.
8.250%, 04/01/2018 (S)
Equinix, Inc.
8.125%, 03/01/2018
International Business Machines Corp.
5.700%, 09/14/2017
Jabil Circuit, Inc.
5.625%, 12/15/2020
Mantech International Corp.
7.250%, 04/15/2018
Seagate Technology International
10.000%, 05/01/2014 (S)
Xerox Corp.
560,092
75
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Core Allocation Plus Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Materials - 0.52%
Agrium, Inc.
7.125%, 05/23/2036
$
85,000
$
98,251
Alcoa, Inc,
6.150%, 08/15/2020
70,000
73,865
100,000
103,854
200,000
211,654
6.750%, 09/15/2020
30,000
31,350
7.125%, 09/01/2016
5,000
5,469
15,000
17,025
5,000
5,238
50,000
54,651
5.400%, 11/01/2020 (S)
5,000
4,930
7.125%, 01/15/2017 (S)
30,000
31,838
7.300%, 11/15/2039
30,000
33,563
7.400%, 06/15/2014
30,000
34,141
50,000
53,752
15,000
15,431
30,000
32,888
1.875%, 11/02/2015
45,000
43,261
6.500%, 07/15/2018
125,000
143,788
15,000
16,500
4.250%, 11/15/2020
125,000
119,194
5.900%, 02/15/2015
150,000
166,037
60,000
65,012
Alcoa, Inc.
5.720%, 02/23/2019
ArcelorMittal
6.125%, 06/01/2018
Ball Corp.
CF Industries, Inc.
7.125%, 05/01/2020
Clearwater Paper Corp.
7.125%, 11/01/2018 (S)
Cytec Industries, Inc.
6.000%, 10/01/2015
Georgia-Pacific LLC
International Paper Company
MeadWestvaco Corp.
7.375%, 09/01/2019
Nalco Company
6.625%, 01/15/2019 (S)
Owens-Brockway Glass Container, Inc.
7.375%, 05/15/2016
Rio Tinto Finance USA, Ltd.
Rock-Tenn Company
9.250%, 03/15/2016
The Dow Chemical Company
Vale Canada, Ltd.
5.700%, 10/15/2015
1,361,692
Telecommunication Services - 1.20%
AT&T, Inc.
5.350%, 09/01/2040 (S)
73,000
65,335
5.500%, 02/01/2018
250,000
272,649
6.300%, 01/15/2038
400,000
402,848
50,000
69,119
25,000
26,563
100,000
131,027
65,000
67,605
45,000
45,675
British Telecommunications PLC
9.875%, 12/15/2030
Cricket Communications, Inc.
7.750%, 05/15/2016
Deutsche Telekom International
Finance BV
8.750%, 06/15/2030
Discovery Communications LLC
5.050%, 06/01/2020
Frontier Communications Corp.
7.125%, 03/15/2019
8.250%, 04/15/2017
10,000
10,800
200,000
205,832
7.125%, 04/01/2018
20,000
21,575
8.000%, 10/01/2015
20,000
22,075
55,000
65,450
NBCUniversal Media LLC
5.150%, 04/30/2020 (S)
Qwest Communications International, Inc.
Qwest Corp.
8.375%, 05/01/2016
Core Allocation Plus Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Telecommunication Services (continued)
Rogers Communications, Inc.
6.800%, 08/15/2018
$
165,000
$
192,708
SBA Telecommunications, Inc.
8.250%, 08/15/2019
15,000
16,575
15,000
15,488
5.250%, 11/15/2013
175,000
184,623
6.000%, 09/30/2034
150,000
135,631
6.200%, 07/18/2011
50,000
50,755
3.992%, 02/16/2016
185,000
185,659
5.134%, 04/27/2020
75,000
74,536
4.600%, 04/01/2021
75,000
74,584
5.550%, 02/15/2016
50,000
55,463
6.400%, 02/15/2038
50,000
52,345
6.900%, 04/15/2038
50,000
55,449
8.750%, 11/01/2018
285,000
364,303
8.950%, 03/01/2039
25,000
34,051
5.550%, 02/01/2014
165,000
181,024
8.500%, 11/15/2018
35,000
44,926
7.875%, 11/01/2017
20,000
21,450
8.125%, 09/01/2018
20,000
21,350
Sprint Capital Corp.
6.900%, 05/01/2019
Telecom Italia Capital SA
Telefonica Emisiones SAU
Verizon Communications, Inc.
Verizon Wireless Capital LLC
Windstream Corp.
3,167,473
Utilities - 1.41%
Atmos Energy Corp.
6.350%, 06/15/2017
30,000
33,380
5.300%, 01/15/2019
55,000
60,043
6.500%, 07/15/2012
40,000
42,684
45,000
50,988
Carolina Power & Light Company
CenterPoint Energy Houston
Electric LLC, Series U
7.000%, 03/01/2014
CenterPoint Energy Resources Corp.
6.125%, 11/01/2017
20,000
22,166
70,000
78,532
4.000%, 08/01/2020
70,000
67,511
5.950%, 08/15/2016
150,000
168,126
6.400%, 06/15/2018
70,000
79,845
7.000%, 06/15/2038
65,000
75,859
160,000
173,980
85,000
83,517
5,000
4,850
100,000
108,250
165,000
182,967
5,000
5,413
100,000
106,622
75,000
79,488
70,000
80,243
CenterPoint Energy, Inc.
6.500%, 05/01/2018
Commonwealth Edison Company
Dominion Resources, Inc.
Duke Energy Corp.
5.650%, 06/15/2013
Edison International
3.750%, 09/15/2017
Ferrellgas LP/Ferrellgas Finance Corp.
6.500%, 05/01/2021 (S)
FirstEnergy Corp.
7.375%, 11/15/2031
Georgia Power Company
5.250%, 12/15/2015
Ipalco Enterprises, Inc.
7.250%, 04/01/2016 (S)
MidAmerican Energy Company
5.125%, 01/15/2013
MidAmerican Energy Holdings Company
6.125%, 04/01/2036
Nevada Power Company
6.500%, 08/01/2018
76
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Core Allocation Plus Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Utilities (continued)
NiSource Finance Corp.
6.400%, 03/15/2018
$
75,000
$
83,767
Northern States Power Company
6.250%, 06/01/2036
35,000
39,619
15,000
15,638
80,000
86,580
NRG Energy, Inc.
7.375%, 01/15/2017
Ohio Edison Company
6.875%, 07/15/2036
Oncor Electric Delivery Company LLC
7.500%, 09/01/2038
70,000
83,773
125,000
142,852
225,000
223,047
165,000
178,996
140,000
141,631
35,000
38,593
6.000%, 10/15/2039
100,000
101,732
6.500%, 06/01/2016
115,000
131,081
70,000
78,785
150,000
162,860
45,000
48,600
6.400%, 06/15/2017
75,000
84,960
6.700%, 02/01/2019
190,000
219,050
100,000
144,924
15,000
15,694
125,000
134,001
65,000
66,841
Potomac Electric Power Company
6.500%, 11/15/2037
Progress Energy, Inc.
4.400%, 01/15/2021
Public Service Company of Colorado
5.125%, 06/01/2019
Puget Sound Energy, Inc.
5.757%, 10/01/2039
San Diego Gas & Electric Company
6.000%, 06/01/2039
Sempra Energy
Sierra Pacific Power Company, Series M
6.000%, 05/15/2016
Southern California Edison Company
6.000%, 01/15/2034
The AES Corp.
8.000%, 06/01/2020
Union Electric Company
Virginia Electric and Power Company
8.875%, 11/15/2038
Wisconsin Energy Corp.
6.200%, 04/01/2033
Wisconsin Power and Light Company
5.000%, 07/15/2019
Xcel Energy, Inc.
4.700%, 05/15/2020
3,727,488
TOTAL CORPORATE BONDS (Cost $36,936,147)
$
39,163,373
$
94,500
CAPITAL PREFERRED SECURITIES - 0.07%
Financials - 0.07%
ACE Capital Trust II
9.700%, 04/01/2030
75,000
Capital One Capital V
10.250%, 08/15/2039
20,000
21,700
55,000
56,513
NB Capital Trust IV
8.250%, 04/15/2027
172,713
TOTAL CAPITAL PREFERRED SECURITIES (Cost $159,848)
$
172,713
$
151,112
MUNICIPAL BONDS - 0.90%
California - 0.31%
Bay Area Toll Authority
6.263%, 04/01/2049
$
150,000
Irvine Ranch Water District Joint Powers
Agency
2.605%, 03/15/2014
Los Angeles Unified School District
130,000
132,223
5.750%, 07/01/2034
125,000
118,034
Core Allocation Plus Trust (continued)
Shares or
Principal
Amount
Value
MUNICIPAL BONDS (continued)
California (continued)
State of California
7.300%, 10/01/2039
7.550%, 04/01/2039
$
175,000
$
185,724
135,000
147,420
85,000
82,106
University of California
5.770%, 05/15/2043
816,619
Illinois - 0.29%
City of Chicago Illinois
6.845%, 01/01/2038
155,000
152,274
95,000
91,885
5.365%, 03/01/2017
15,000
14,926
5.665%, 03/01/2018
285,000
285,242
5.877%, 03/01/2019
230,000
229,943
Illinois State Toll Highway Authority
6.184%, 01/01/2034
State of Illinois
774,270
Maryland - 0.02%
Maryland State Transportation Authority
5.888%, 07/01/2043
40,000
41,631
120,000
122,633
110,000
117,242
100,000
111,953
185,000
183,685
45,000
45,959
Massachusetts - 0.05%
Massachusetts School Building Authority
5.715%, 08/15/2039
Missouri - 0.04%
University of Missouri
5.960%, 11/01/2039
New Jersey - 0.04%
New Jersey State Turnpike Authority
7.414%, 01/01/2040
New York - 0.09%
New York State Thruway Authority
5.883%, 04/01/2030
Port Authority of New York & New
Jersey
6.040%, 12/01/2029
229,644
Texas - 0.06%
North Texas Tollway Authority
6.718%, 01/01/2049
TOTAL MUNICIPAL BONDS (Cost $2,346,312)
COLLATERALIZED MORTGAGE
OBLIGATIONS - 2.51%
155,000
153,923
$
2,367,915
Commercial & Residential - 2.51%
Banc of America
Commercial Mortgage, Inc.
Series 2005-2, Class A5,
4.857%, 07/10/2043 (P)
260,000
277,137
185,000
199,278
300,000
321,714
245,000
262,415
255,000
279,327
195,000
211,422
Series 2005-6, Class A4,
5.196%, 09/10/2047 (P)
Bear Stearns Commercial
Mortgage Securities
Series 2006-T24, Class A4,
5.537%, 10/12/2041
Series 2006-PW3, Class A4,
5.540%, 09/11/2041
Series 2006-PW12, Class A4,
5.723%, 09/11/2038 (P)
Series 2007-T28, Class A4,
5.742%, 09/11/2042 (P)
77
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Core Allocation Plus Trust (continued)
Shares or
Principal
Amount
Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Commercial & Residential (continued)
Bear Stearns Commercial
Mortgage Securities, Inc.
Series 2006-PW11, Class A4,
5.455%, 03/11/2039 (P)
$
225,000
$
244,191
Series 2007-T26, Class A4,
5.471%, 01/12/2045 (P)
300,000
321,545
135,000
131,639
300,000
321,292
275,000
290,743
280,000
290,035
Commercial Mortgage Pass Through
Certificates, Series 2010-C1, Class A3
4.205%, 07/10/2046 (S)
Credit Suisse Mortgage
Capital Certificates
Series 2006-C1, Class A4,
5.441%, 02/15/2039 (P)
Series 2006-C4, Class A3,
5.467%, 09/15/2039
CW Capital Cobalt, Ltd., Series 2006-C1,
Class A4
5.223%, 08/15/2048
Greenwich Capital
Commercial Funding Corp.
Series 2005-GG3, Class A4,
4.799%, 08/10/2042 (P)
300,000
316,158
70,000
74,876
300,000
315,295
175,000
185,042
270,000
290,418
235,000
241,184
280,000
290,298
100,000
108,404
300,000
316,937
250,000
265,725
100,000
106,441
185,000
202,417
169,024
174,759
43,660
43,790
70,000
72,805
100,000
106,446
85,000
91,215
Series 2004-GG1, Class A7,
5.317%, 06/10/2036 (P)
GS Mortgage Securities Corp. II,
Series 2005-GG4, Class A4A
4.751%, 07/10/2039
JPMorgan Chase Commercial
Mortgage Securities Corp.
Series 2005-LDP4, Class A4,
4.918%, 10/15/2042 (P)
Series 2007-CB20, Class A4,
5.794%, 02/12/2051 (P)
Series 2008-C2, Series A4,
6.068%, 02/12/2051
Merrill Lynch Mortgage Trust
Series 2005-CIP1, Class AM,
5.107%, 07/12/2038 (P)
Series 2006-C1, Class A4,
5.669%, 05/12/2039 (P)
Morgan Stanley Capital I
Series 2005-T17, Class A5,
4.780%, 12/13/2041
Series 2005-T19, Class A4A,
4.890%, 06/12/2047
Series 2006-T21, Class A4,
5.162%, 10/12/2052 (P)
Series 2006-IQ11, Class A4,
5.726%, 10/15/2042 (P)
Morgan Stanley Dean Witter Capital I
Series 2002-TOP7, Class A2,
5.980%, 01/15/2039
Series 2001, Class A4,
6.390%, 07/15/2033
Prudential Commercial Mortgage Trust,
Series 2003-PWR1, Class A2
4.493%, 02/11/2036
Wachovia Bank
Commercial Mortgage Trust
Series 2005-C18, Class A4,
4.935%, 04/15/2042
Series 2005-C20, Class A7,
5.118%, 07/15/2042 (P)
Core Allocation Plus Trust (continued)
Shares or
Principal
Amount
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Commercial & Residential (continued)
Value
WF-RBS Commercial Mortgage Trust,
Series 2011-C2, Series A4
4.869%, 02/15/2044 (P)(S)
$
255,000
$
260,497
$
6,613,445
TOTAL COLLATERALIZED MORTGAGE
OBLIGATIONS (Cost $5,952,500)
ASSET BACKED SECURITIES - 0.17%
Avis Budget Car Funding AESOP LLC,
Series 2009-2A, Class A
5.680%, 02/20/2014 (S)
235,000
250,919
18,961
19,527
28,000
31,060
150,000
153,789
CenterPoint Energy Transition
Bond Company LLC
Series 2005-A, Class A2,
4.970%, 08/01/2014
Series 2005-A, Class A,
5.170%, 08/01/2019
Hertz Vehicle Financing LLC,
Series 2010-1A, Class A2
3.740%, 02/25/2017 (S)
TOTAL ASSET BACKED SECURITIES (Cost $431,574)
$
455,295
SECURITIES LENDING COLLATERAL - 11.46%
Securities Lending Collateral - 11.46%
John Hancock Collateral
Investment Trust, 0.2867% (W)(Y)
3,020,837
30,229,215
TOTAL SECURITIES LENDING
COLLATERAL (Cost $30,229,830)
$
30,229,215
35,400,000 $
35,400,000
$
35,400,000
$
301,565,023
SHORT-TERM INVESTMENTS - 13.43%
Repurchase Agreement - 13.43%
Barclays Capital Tri-Party Repurchase
Agreement dated 03/31/2011 at 0.140%
to be repurchased at $35,400,138 on
04/01/2011, collateralized by
$35,648,860 Federal Home Loan
Mortgage Corp., 4.400% due
06/16/2022 (valued at $36,108,653
including interest)
$
TOTAL SHORT-TERM INVESTMENTS (Cost $35,400,000)
Total Investments (Core Allocation Plus Trust)
(Cost $278,121,349) - 114.38%
Other assets and liabilities, net - (14.38%)
(37,904,148)
TOTAL NET ASSETS - 100.00%
$
263,660,875
Core Balanced Trust
Shares or
Principal
Amount
Value
INVESTMENT COMPANIES - 100.01%
Affiliated Investment Companies - 100.01%
Equity - 86.82%
John Hancock Trust (G) - 86.82%
500 Index, Series NAV (John Hancock) (2)(A)
2,955,446 $
33,898,968
Balanced, Series NAV (T. Rowe Price)
6,673,437
113,248,221
563,299
10,116,841
International Index, Series NAV
(John Hancock) (2)(A)
78
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Core Balanced Trust (continued)
Shares or
Principal
Amount
Value
INVESTMENT COMPANIES (continued)
John Hancock Trust (G) (continued)
Mid Cap Index, Series NAV
(John Hancock) (2)(A)
171,595
$
3,323,792
Small Cap Index, Series NAV
(John Hancock) (2)(A)
221,605
3,350,663
1,801,490
24,914,609
Fixed Income - 13.19%
John Hancock Trust (G) - 13.19%
Total Bond Market A,
Series NAV (Declaration) (A)
188,853,094
TOTAL INVESTMENT COMPANIES (Cost $169,092,098)
$
188,853,094
$
188,853,094
Total Investments (Core Balanced Trust)
(Cost $169,092,098) - 100.01%
Other assets and liabilities, net - (0.01%)
(18,411)
TOTAL NET ASSETS - 100.00%
$
188,834,683
Core Balanced Strategy Trust
Shares or
Principal
Amount
INVESTMENT COMPANIES - 100.45%
Value
Affiliated Investment Companies - 100.45%
Equity - 51.12%
John Hancock Trust (G) - 51.12%
500 Index, Series NAV (John Hancock) (2)(A)
101,728
$
1,166,817
International Index, Series NAV
(John Hancock) (2)(A)
28,947
519,883
10,379
201,041
5,325
80,520
137,314
1,899,046
Mid Cap Index, Series NAV
(John Hancock) (2)(A)
Small Cap Index, Series NAV
(John Hancock) (2)(A)
Fixed Income - 49.33%
John Hancock Trust (G) - 49.33%
Total Bond Market A,
Series NAV (Declaration) (A)
3,867,307
TOTAL INVESTMENT COMPANIES (Cost $3,558,497)
$
3,867,307
$
3,867,307
Total Investments (Core Balanced Strategy Trust)
(Cost $3,558,497) - 100.45%
Other assets and liabilities, net - (0.45%)
(17,324)
TOTAL NET ASSETS - 100.00%
$
3,849,983
Core Bond Trust
Shares or
Principal
Amount
Value
25,467,000 $
26,149,439
4.250%, 11/15/2040
19,309,000
18,449,151
4.375%, 05/15/2040
2,749,000
2,685,443
4.500%, 02/15/2036
17,398,000
17,552,947
U.S. GOVERNMENT & AGENCY
OBLIGATIONS - 54.81%
U.S. Government - 13.51%
U.S. Treasury Bonds
2.375%, 10/31/2014
$
Core Bond Trust (continued)
Shares or
Principal
Amount
Value
U.S. GOVERNMENT & AGENCY
OBLIGATIONS (continued)
U.S. Government (continued)
U.S. Treasury Bonds (continued)
4.750%, 02/15/2041
5.375%, 02/15/2031
$
7,529,000
$
7,820,749
2,876,000
3,285,830
9,863,000
9,848,403
U.S. Treasury Notes
0.750%, 03/31/2013
1.250%, 03/15/2014
51,001,000
50,937,249
2.125%, 05/31/2015 to 02/29/2016
49,057,000
49,096,809
2.875%, 03/31/2018
9,944,000
9,916,037
3.625%, 02/15/2021
10,166,000
10,296,247
2.250%, 03/31/2016
38,479,000
38,467,072
244,505,376
U.S. Government Agency - 41.30%
Federal Home Loan Mortgage Corp.
4.500%, TBA
37,800,000
38,275,452
5.000%, 01/01/2041
9,995,000
10,423,745
5.000%, 02/01/2041 to 04/01/2041
17,795,256
18,558,598
5.500%, 08/01/2037
1,497,139
1,574,749
5.560%, 10/01/2038 (P)
438,950
468,057
5.657%, 03/01/2036 (P)
403,916
428,736
5.698%, 03/01/2036 (P)
583,098
623,733
5.757%, 07/01/2038 (P)
6,605,461
7,043,089
5.787%, 11/01/2038 (P)
533,500
570,678
5.864%, 07/01/2037 (P)
2,875,832
3,074,059
5.866%, 11/01/2037 (P)
93,436
98,119
5.868%, 12/01/2036 (P)
1,994,571
2,133,301
5.878%, 03/01/2037 (P)
269,974
286,715
5.916%, 05/01/2037 (P)
815,206
872,016
5.934%, 06/01/2036 (P)
1,501,959
1,606,627
5.942%, 01/01/2037 (P)
576,153
616,304
5.979%, 06/01/2038 (P)
3,393,694
3,630,192
5.994%, 10/01/2037 (P)
2,113,363
2,260,638
6.000%, 12/01/2033 to 10/01/2038
25,325,889
27,738,598
6.051%, 11/01/2036 (P)
1,977,586
2,115,399
6.054%, 04/01/2037 (P)
587,453
625,603
6.121%, 06/01/2037 (P)
225,355
241,059
6.500%, 07/01/2034
842,837
944,194
3.500%, TBA
3,500,000
3,294,911
3.500%, 11/01/2030 to 02/01/2041
156,416,583
152,054,586
4.500%, TBA
11,200,000
11,380,061
4.500%, 11/01/2019
964,004
997,179
5.000%, TBA
37,600,000
39,224,875
5.000%, 11/01/2040 to 04/01/2041
58,586,457
61,270,477
5.500%, 04/01/2027 to 09/01/2034
6,409,991
6,887,972
5.530%, 02/01/2039 (P)
1,311,560
1,387,004
5.689%, 10/01/2037 (P)
400,257
422,483
5.831%, 09/01/2037 (P)
2,607,456
2,759,446
5.845%, 02/01/2037 (P)
219,423
234,714
5.849%, 10/01/2037 (P)
2,049,817
2,192,664
5.866%, 01/01/2037 (P)
244,857
261,920
5.911%, 01/01/2037 (P)
323,103
345,619
5.912%, 04/01/2037 (P)
271,216
290,116
5.917%, 07/01/2037 (P)
1,002,605
1,070,117
5.933%, 09/01/2037 (P)
356,299
381,128
5.936%, 03/01/2037 (P)
436,249
466,650
5.997%, 12/01/2036 (P)
156,109
166,987
6.000%, TBA
17,100,000
18,542,529
6.000%, TBA
1,500,000
1,630,229
6.000%, 11/01/2023 to 07/01/2037
156,508,834
171,944,858
Federal National Mortgage Association
6.020%, 07/01/2037 (P)
500,316
535,182
6.038%, 10/01/2037 (P)
259,086
277,141
6.042%, 09/01/2037 (P)
237,012
253,529
6.043%, 10/01/2037 (P)
199,135
211,408
79
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Core Bond Trust (continued)
Shares or
Principal
Amount
Value
U.S. GOVERNMENT & AGENCY
OBLIGATIONS (continued)
U.S. Government Agency (continued)
Federal National Mortgage
Association (continued)
6.063%, 11/01/2037 (P)
$
438,443
$
468,997
6.267%, 09/01/2037 (P)
1,967,910
2,147,833
6.325%, 07/01/2037 (P)
116,652
126,882
6.342%, 10/01/2036 (P)
268,865
287,602
6.500%, 12/01/2030 to 10/01/2036
9,901,110
11,104,275
7.000%, 06/01/2035 to 01/01/2039
6,130,895
6,973,509
3.000%, 02/20/2041 (P)
1,458,554
1,479,778
3.500%, TBA
71,586,000
69,399,499
3.500%, 10/20/2040 to 05/20/2041
30,722,901
29,688,625
3.500%, 01/20/2041 (P)
2,760,038
2,851,595
4.000%, TBA
2,523,000
2,632,354
5.000%, 07/16/2033
15,131,336
16,072,991
6.500%, 12/15/2032
1,616,686
1,822,744
Government National Mortgage Association
747,750,130
TOTAL U.S. GOVERNMENT & AGENCY
OBLIGATIONS (Cost $993,999,453)
$
992,255,506
FOREIGN GOVERNMENT
OBLIGATIONS - 1.91%
Canada - 0.22%
Province of Ontario
3.150%, 12/15/2017
4,025,000
3,978,149
3,040,000
2,960,200
Chile - 0.16%
Republic of Chile
3.875%, 08/05/2020
Croatia - 0.08%
Republic of Croatia
6.375%, 03/24/2021 (S)
1,475,000
1,476,844
2,002,000
2,004,002
5.125%, 01/15/2020
2,011,000
2,103,506
6.050%, 01/11/2040
2,016,000
2,076,480
Hungary - 0.11%
Republic of Hungary
6.375%, 03/29/2021
Mexico - 0.23%
Government of Mexico
4,179,986
Norway - 0.13%
Kommunalbanken AS
1.750%, 10/05/2015 (S)
2,344,000
2,269,616
2,460,000
2,483,591
5,170,000
5,338,025
530,000
546,229
3.250%, 03/09/2016
3,001,000
2,939,293
4.000%, 09/09/2016
960,000
968,845
Poland - 0.14%
Republic of Poland
3.875%, 07/16/2015
Qatar - 0.29%
Government of Qatar
4.000%, 01/20/2015 (S)
South Africa - 0.03%
Republic of South Africa
6.250%, 03/08/2041
South Korea - 0.22%
Korea Development Bank
3,908,138
Core Bond Trust (continued)
Shares or
Principal
Amount
Value
FOREIGN GOVERNMENT
OBLIGATIONS (continued)
Sweden - 0.30%
Svensk Exportkredit AB
3.250%, 09/16/2014
$
5,155,000 $
5,380,320
TOTAL FOREIGN GOVERNMENT
OBLIGATIONS (Cost $34,547,303)
$
34,525,100
CORPORATE BONDS - 20.13%
Consumer Discretionary - 1.00%
British Sky Broadcasting Group PLC
9.500%, 11/15/2018 (S)
1,335,000
1,759,025
3,528,000
3,973,435
3.500%, 03/01/2016
3,005,000
3,007,620
5.000%, 03/01/2021
2,000,000
2,004,556
Comcast Cable Communications
Holdings, Inc.
8.375%, 03/15/2013
DIRECTV Holdings LLC/DIRECTV
Financing Company, Inc.
News America, Inc.
6.150%, 02/15/2041 (S)
985,000
976,769
1,610,000
1,772,016
4.750%, 03/29/2021
1,600,000
1,587,442
6.250%, 03/29/2041
3,110,000
3,087,456
Thomson Reuters Corp.
5.950%, 07/15/2013
Time Warner, Inc.
18,168,319
Consumer Staples - 0.67%
Altria Group, Inc.
10.200%, 02/06/2039
1,615,000
2,291,333
4,445,000
4,689,164
1,975,000
1,945,486
2,920,000
3,118,811
Anheuser-Busch InBev Worldwide, Inc.
4.125%, 01/15/2015
Centros Comerciales Sudamericanos SA
5.500%, 01/20/2021 (S)
Kraft Foods, Inc.
6.500%, 02/09/2040
12,044,794
Energy - 1.92%
Anadarko Petroleum Corp.
6.375%, 09/15/2017
3,165,000
3,479,139
3,995,000
3,996,171
3,310,000
3,224,281
610,000
691,956
1,730,000
2,182,931
1,755,000
1,707,018
5.900%, 06/15/2014
1,540,000
1,704,081
7.250%, 12/15/2019
1,887,000
2,231,455
1,610,000
1,777,702
3,025,000
3,051,112
3,025,000
3,056,348
4,750,000
4,695,917
3,050,000
3,047,411
BP Capital Markets PLC
4.742%, 03/11/2021
CNOOC Finance 2011, Ltd.
4.250%, 01/26/2021 (S)
El Paso Pipeline Partners Operating
Company LLC
7.500%, 11/15/2040
Energy Transfer Partners LP
9.000%, 04/15/2019
Enterprise Products Operating LLC
5.950%, 02/01/2041
Husky Energy, Inc.
Kerr-McGee Corp.
6.950%, 07/01/2024
Kinder Morgan Energy Partners LP
6.375%, 03/01/2041
Marathon Petroleum Corp.
6.500%, 03/01/2041 (S)
Rockies Express Pipeline LLC
3.900%, 04/15/2015 (S)
Schlumberger Oilfield UK PLC
4.200%, 01/15/2021 (S)
34,845,522
80
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Core Bond Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Financials - 8.41%
Achmea Hypotheekbank NV
3.200%, 11/03/2014 (S)
$
8,500,000 $
8,792,893
5,045,000
5,436,936
5.850%, 01/16/2018
2,505,000
2,606,971
6.400%, 12/15/2020
1,055,000
1,124,688
3.625%, 03/17/2016
7,495,000
7,376,212
5.625%, 07/01/2020
3,805,000
3,900,905
5.875%, 01/05/2021
1,500,000
1,563,944
6.000%, 09/01/2017
2,690,000
2,879,419
2,680,000
2,595,170
2,820,000
2,706,656
2,300,000
2,266,089
7,735,000
7,734,830
2,600,000
3,265,111
3,690,000
3,757,582
4.750%, 05/19/2015
3,326,000
3,481,118
5.375%, 08/09/2020
1,005,000
1,033,088
6.375%, 08/12/2014
2,170,000
2,396,611
5.750%, 08/15/2021
1,880,000
1,921,785
6.500%, 08/15/2016
500,000
544,875
2,885,000
3,059,196
1,685,000
1,711,717
3,005,000
2,954,801
5.375%, 02/01/2021
1,430,000
1,441,946
5.650%, 12/15/2013
3,330,000
3,604,079
6.750%, 02/01/2041
2,205,000
2,277,822
American Express Credit Corp.
5.125%, 08/25/2014
American International Group, Inc.
Bank of America Corp.
Barclays Bank PLC
2.500%, 09/21/2015 (S)
BNP Paribas Home Loan Covered Bonds SA
2.200%, 11/02/2015 (S)
Caisse Centrale Desjardins du Quebec
2.550%, 03/24/2016 (S)
Canadian Imperial Bank of Commerce
2.750%, 01/27/2016 (S)
Capital One Bank USA NA
8.800%, 07/15/2019
Citigroup Funding, Inc.
1.875%, 10/22/2012
Citigroup, Inc.
CNA Financial Corp.
Credit Suisse New York
6.000%, 02/15/2018
FIH Erhvervsbank A/S
2.000%, 06/12/2013 (S)
General Electric Capital Corp.
4.625%, 01/07/2021
HCP, Inc.
Health Care REIT, Inc.
6.500%, 03/15/2041
1,105,000
1,066,985
2,730,000
2,712,861
5.100%, 04/05/2021
6,015,000
6,036,480
6.800%, 06/01/2038
1,026,000
1,074,334
3,250,000
3,333,411
2,784,000
3,040,930
5.000%, 11/03/2015
1,105,000
1,100,938
6.625%, 06/01/2020
1,485,000
1,521,140
6.850%, 06/15/2017
4,516,000
4,802,021
7.125%, 05/15/2015
3,220,000
3,532,395
2,081,000
2,226,670
6.375%, 01/21/2021
2,185,000
2,274,329
6.500%, 09/14/2020 (S)
1,559,000
1,530,960
585,000
589,833
HSBC Bank PLC
4.750%, 01/19/2021 (S)
HSBC Holdings PLC
Itau Unibanco Holding SA
6.200%, 04/15/2020 (S)
JPMorgan Chase Bank NA
6.000%, 10/01/2017
Kilroy Realty LP
Lazard Group LLC
Liberty Mutual Group, Inc.
7.500%, 08/15/2036 (S)
Lloyds TSB Bank PLC
MetLife, Inc.
5.875%, 02/06/2041
Core Bond Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Financials (continued)
Morgan Stanley
5.750%, 01/25/2021
1,060,000 $
1,068,264
1,739,000
1,865,076
2,150,000
2,223,874
1,005,000
1,121,016
4.500%, 11/15/2020
1,020,000
997,556
6.200%, 11/15/2040
2,220,000
2,306,174
3,335,000
3,342,320
3,240,000
3,206,988
1,650,000
1,776,113
3.625%, 02/07/2016
3,735,000
3,693,209
6.250%, 02/01/2041
3,525,000
3,510,399
6.750%, 10/01/2037
1,895,000
1,911,352
3,250,000
3,266,445
5.950%, 12/28/2017
$
Nordea Bank AB
3.700%, 11/13/2014 (S)
Protective Life Corp.
8.450%, 10/15/2039
Prudential Financial, Inc.
Shinhan Bank
4.125%, 10/04/2016 (S)
Swedbank Hypotek AB
2.950%, 03/28/2016 (S)
Tanger Properties LP
6.125%, 06/01/2020
The Goldman Sachs Group, Inc.
The Royal Bank of Scotland PLC
4.375%, 03/16/2016
US Bank NA
5.920%, 05/25/2012
788,403
829,431
2,419,000
2,558,051
1,628,000
1,861,747
1,400,000
1,405,610
WCI Finance LLC/WEA Finance LLC
5.400%, 10/01/2012 (S)
WEA Finance LLC/WT Finance
Australia Pty, Ltd.
7.500%, 06/02/2014 (S)
WR Berkley Corp.
5.375%, 09/15/2020
152,221,356
Health Care - 1.60%
Allergan, Inc.
3.375%, 09/15/2020
4,485,000
4,192,224
3,195,000
3,001,865
5.125%, 01/12/2017
645,000
658,943
6.000%, 01/15/2020
1,965,000
2,056,154
6.400%, 06/15/2016
1,830,000
1,992,162
3,557,000
3,685,486
4,025,000
3,970,840
2,675,000
2,662,010
3,820,000
3,782,075
2,980,000
3,000,568
Amgen, Inc.
3.450%, 10/01/2020
Boston Scientific Corp.
Coventry Health Care, Inc.
5.950%, 03/15/2017
Gilead Sciences, Inc.
4.500%, 04/01/2021
Life Technologies Corp.
3.500%, 01/15/2016
Sanofi-Aventis SA
2.625%, 03/29/2016
UnitedHealth Group, Inc.
5.950%, 02/15/2041
29,002,327
Industrials - 0.79%
Burlington Northern Santa Fe LLC
5.750%, 05/01/2040
2,547,000
2,579,380
4.625%, 09/11/2015 (S)
4,270,000
4,517,741
5.750%, 09/11/2019 (S)
860,000
924,103
1,110,000
1,027,329
1,850,000
1,831,500
Hutchison Whampoa International, Ltd.
Northrop Grumman Corp.
3.500%, 03/15/2021
Odebrecht Finance, Ltd.
6.000%, 04/05/2023 (S)
81
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Core Bond Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Industrials (continued)
Verisk Analytics, Inc.
5.800%, 05/01/2021
$
1,720,000 $
1,725,286
1,725,000
1,714,564
Votorantim Cimentos SA
7.250%, 04/05/2041 (S)
14,319,903
Information Technology - 0.26%
Adobe Systems, Inc.
4.750%, 02/01/2020
2,238,000
2,266,843
815,000
800,385
1,715,000
1,693,583
Arrow Electronics, Inc.
5.125%, 03/01/2021
Juniper Networks Inc.
5.950%, 03/15/2041
4,760,811
Materials - 0.78%
ArcelorMittal
5.500%, 03/01/2021
2,000,000
1,968,440
6.750%, 03/01/2041
1,510,000
1,478,741
4.850%, 08/15/2012
3,475,000
3,638,843
5.900%, 02/15/2015
1,850,000
2,047,784
8.550%, 05/15/2019
2,731,000
3,447,871
1,421,000
1,518,312
The Dow Chemical Company
Vale Overseas, Ltd.
6.875%, 11/10/2039
14,099,991
Telecommunication Services - 2.48%
America Movil SAB de CV
5.000%, 10/16/2019
2,432,000
2,501,691
4.500%, 01/15/2018
3,755,000
3,681,785
5.050%, 09/01/2020
1,062,000
1,030,246
1,500,000
1,530,272
1,055,000
1,458,409
8.125%, 10/01/2018
1,045,000
1,124,681
8.250%, 04/15/2017
3,055,000
3,299,400
8.500%, 04/15/2020
1,010,000
1,094,588
2.875%, 04/01/2016 (S)
3,230,000
3,149,621
4.375%, 04/01/2021 (S)
1,688,000
1,613,505
5.950%, 04/01/2041 (S)
1,983,000
1,900,243
3.992%, 02/16/2016
3,485,000
3,497,414
5.462%, 02/16/2021
3,485,000
3,525,022
5.984%, 06/20/2011
2,325,000
2,350,329
American Tower Corp.
AT&T Inc., Sr Note
6.400%, 05/15/2038
British Telecommunications PLC
9.875%, 12/15/2030
Frontier Communications Corp.
NBCUniversal Media LLC
Telefonica Emisiones SAU
Telefonica Moviles Chile SA
2.875%, 11/09/2015 (S)
1,650,000
1,585,502
3,995,000
3,925,088
5,330,000
5,295,776
1,790,000
2,297,653
Telemar Norte Leste SA
5.500%, 10/23/2020 (S)
Verizon Communications, Inc.
3.000%, 04/01/2016
Verizon Wireless Capital LLC
8.500%, 11/15/2018
44,861,225
Utilities - 2.22%
Ameren Corp.
8.875%, 05/15/2014
2,380,000
2,735,408
3,005,000
2,957,737
2,355,000
2,342,052
Appalachian Power Co.
4.600%, 03/30/2021
CMS Energy Corp.
5.050%, 02/15/2018
Core Bond Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Utilities (continued)
Dominion Resources, Inc.
8.875%, 01/15/2019
$
5,680,000 $
7,243,431
3,080,000
3,156,895
6.050%, 08/15/2021
1,290,000
1,335,062
6.800%, 08/15/2039
955,000
946,121
2,300,000
2,298,358
2,580,000
2,508,291
1,530,000
1,690,719
5,606,000
5,672,358
1,060,000
1,171,201
1,760,000
1,863,286
4,265,000
4,231,997
DPL, Inc.
6.875%, 09/01/2011
FirstEnergy Solutions Corp.
Keyspan Gas East Corp.
5.819%, 04/01/2041 (S)
Korea Hydro & Nuclear Power Company, Ltd.
3.125%, 09/16/2015 (S)
Midamerican Energy Holdings Company
6.500%, 09/15/2037
Nevada Power Company
8.250%, 06/01/2011
PacifiCorp
6.250%, 10/15/2037
Progress Energy, Inc.
6.850%, 04/15/2012
Sempra Energy
2.000%, 03/15/2014
40,152,916
TOTAL CORPORATE BONDS (Cost $360,361,174)
$
364,477,164
MUNICIPAL BONDS - 1.06%
California - 0.40%
Los Angeles Community College District
6.750%, 08/01/2049
1,995,000
2,119,209
Los Angeles Department of Water & Power
6.574%, 07/01/2045
2,230,000
2,308,697
2,585,000
2,832,721
State of California
7.600%, 11/01/2040
7,260,627
Illinois - 0.27%
State of Illinois
5.365%, 03/01/2017
1,620,000
1,611,981
5.665%, 03/01/2018
1,620,000
1,621,377
5.877%, 03/01/2019
1,620,000
1,619,595
4,852,953
Nevada - 0.12%
County of Clark
6.820%, 07/01/2045
2,120,000
2,094,772
2,585,000
2,799,167
2,290,000
2,274,085
New Jersey - 0.15%
New Jersey State Turnpike Authority
7.102%, 01/01/2041
Texas - 0.12%
North Texas Tollway Authority
6.718%, 01/01/2049
TOTAL MUNICIPAL BONDS (Cost $18,950,629)
$
19,281,604
CAPITAL PREFERRED SECURITIES - 0.18%
Diversified Financial Services - 0.18%
JPMorgan Chase Capital XXV
6.800%, 10/01/2037
3,285,000
3,299,441
TOTAL CAPITAL PREFERRED
SECURITIES (Cost $3,031,752)
$
3,299,441
82
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Core Bond Trust (continued)
Shares or
Principal
Amount
Value
COLLATERALIZED MORTGAGE
OBLIGATIONS - 22.74%
COMMERCIAL & RESIDENTIAL - 11.06%
Americold LLC Trust, Series 2010-ARTA,
Class A1
3.847%, 01/14/2029 (S)
3,895,947 $
3,942,458
Asset Securitization Corp., Series 1996-D3,
Class A2
7.046%, 10/13/2026 (P)
255,371
257,696
720,000
727,297
5,559,000
5,873,841
675,000
694,913
6,623,000
6,961,104
2,013,000
2,174,620
236,000
242,679
107,223
108,872
432,000
445,647
1,600,738
1,630,558
2,084,000
2,201,167
3,112,000
3,257,459
3,869,000
4,068,472
2,376,000
2,385,601
1,013,000
1,048,583
1,508,000
1,540,753
1,679,787
1,719,663
1,926,000
2,018,491
2,963,000
3,089,764
2,298,643
2,381,327
1,742,000
1,804,171
3,000,000
3,216,641
Banc of America Commercial Mortgage, Inc.
Series 2004-6, Class A3,
4.512%, 12/10/2042
Series 2005-4, Class A5A,
4.933%, 07/10/2045
Series 2002-2, Class B,
5.271%, 07/11/2043
Series 2006-6, Class A4,
5.356%, 10/10/2045
Series 2006-3, Class A4,
5.889%, 07/10/2044 (P)
Series 2002-PB2, Class B,
6.309%, 06/11/2035
Bear Stearns Commercial
Mortgage Securities, Inc.
Series 2003-T12, Class A3,
4.240%, 08/13/2039 (P)
Series 2002-PBW1, Class A2,
4.720%, 11/11/2035 (P)
Series 2005-PWR7, Class A2,
4.945%, 02/11/2041
Citigroup/Deutsche Bank Commercial
Mortgage Trust, Series 2005-CD1,
Class AM
5.222%, 07/15/2044 (P)
Commercial Mortgage Asset Trust,
Series 1999-C1, Class A4
6.975%, 01/17/2032 (P)
Commercial Mortgage Pass
Through Certificates
Series 2004-B4A, Class A5,
4.840%, 10/15/2037
Series 2001-J2A, Class B,
6.304%, 07/16/2034 (S)
Credit Suisse First Boston
Mortgage Securities Corp.
Series 2003-CPN1, Class B,
4.723%, 03/15/2035
Series 2005-C3, Class AM,
4.730%, 07/15/2037
Series 2005-C1, Class A3,
4.813%, 02/15/2038
Series 2005-C2, Class A4,
4.832%, 04/15/2037
Series 2002-CP5, Class A2,
4.940%, 12/15/2035
Series 2002-CKS4, Class A2,
5.183%, 11/15/2036
Series 2003-C4, Class B,
5.253%, 08/15/2036 (P)
Series 2004-C2, Class A2,
5.416%, 05/15/2036 (P)
Series 2002-CP3, Class A3,
5.603%, 07/15/2035
577,000
599,036
1,394,720
1,414,725
Credit Suisse Mortgage Capital Certificates
Series 2007-C2, Class A2,
5.448%, 01/15/2049 (P)
Core Bond Trust (continued)
Shares or
Principal
Amount
Value
COMMERCIAL & RESIDENTIAL (continued)
Credit Suisse Mortgage Capital
Certificates (continued)
Series 2006-C2, Class A3,
5.660%, 03/15/2039 (P)
1,360,000 $
1,460,415
2,108,000
2,278,071
5,702,053
5,892,593
1,502,242
1,475,736
305,000
311,987
338,361
349,041
3,573,000
3,807,829
1,756,000
1,858,327
622,000
647,383
330,858
330,542
336,000
336,986
1,217,000
1,250,983
5,393,000
5,735,253
4,496,000
4,911,869
2,304,000
2,311,432
3,210,708
3,250,466
Series 2006-C3, Class A3,
5.825%, 06/15/2038 (P)
Developers Diversified Realty Corp.,
Series 2009-DDR1, Class A
3.807%, 10/14/2022 (S)
Extended Stay America Trust,
Series 2010-ESHA, Class A
2.951%, 11/05/2027 (S)
First Union National Bank Commercial
Mortgage, Series 2001-C4, Class B
6.417%, 12/12/2033
GE Capital Commercial Mortgage Corp.,
Series 2002-1A, Class A3
6.269%, 12/10/2035
GMAC Commercial Mortgage Securities, Inc.
Series 2004-C2, Class A4,
5.301%, 08/10/2038 (P)
Series 2003-C2, Class B,
5.488%, 05/10/2040 (P)
Series 2003-C2, Class D,
5.488%, 05/10/2040 (P)
Series 2001-C2, Class A2,
6.700%, 04/15/2034
Series 2001-C2, Class B,
6.790%, 04/15/2034
Greenwich Capital Commercial Funding Corp.
Series 2003-C1, Class B,
4.229%, 07/05/2035
Series 2005-GG5, Class A5,
5.224%, 04/10/2037 (P)
Series 2006-GG7, Class A4,
5.890%, 07/10/2038 (P)
GS Mortgage Securities Corp. II
Series 2011-GC3, Class A2,
3.645%, 03/10/2044 (S)
Series 2010, Class C2,
3.849%, 12/10/2043 (S)
Series 2005-GG4, Class A4A,
4.751%, 07/10/2039
4,135,000
4,345,823
1,596,000
1,604,963
1,739,000
1,802,046
3,463,000
3,709,079
4,642,555
4,712,193
6,308,506
6,447,989
942,271
962,263
4,091,000
3,921,242
422,058
430,095
3,240,000
3,246,737
670,000
708,445
Series 2011-GC3, Class A4,
4.753%, 03/10/2044 (S)
Series 2010, Class C2,
5.162%, 12/10/2043 (P)(S)
Series 2006-GG6, Class A4,
5.553%, 04/10/2038 (P)
Impac Funding LLC, Series 2010-1, Class A1
5.314%, 01/25/2051 (S)
JPMorgan Chase Commercial
Mortgage Securities Corp.
Series 2010-C1, Class A1,
3.853%, 06/15/2043 (S)
Series 2003-C1, Class A1,
4.275%, 01/12/2037
Series 2010-CNTR, Class A2,
4.311%, 08/05/2032 (S)
Series 2003-CB6, Class A1,
4.393%, 07/12/2037
Series 2011-C3A, Class A4,
4.717%, 02/15/2046 (S)
Series 2005-LDP4, Class A4,
4.918%, 10/15/2042 (P)
83
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Core Bond Trust (continued)
Shares or
Principal
Amount
Value
COMMERCIAL & RESIDENTIAL (continued)
JPMorgan Chase Commercial Mortgage
Securities Corp. (continued)
Series 2002-C2, Class A2,
5.050%, 12/12/2034
1,546,000 $
1,611,348
1,030,661
1,032,517
1,687,000
1,772,300
984,000
1,008,266
150,000
156,589
1,352,000
1,447,022
Series 2004-CB9, Class A2,
5.108%, 06/12/2041 (P)
Series 2004-IN2, Class A2,
5.115%, 07/15/2041
Series 2006-LDP9, Class A2,
5.134%, 05/15/2047
Series 2002-CIB5, Class A2,
5.161%, 10/12/2037
Series 2005-LDP5, Class A4,
5.202%, 12/15/2044 (P)
Series 2002-C2, Class B,
5.211%, 12/12/2034 (P)
723,000
751,747
2,279,000
2,427,215
3,423,000
3,479,134
1,408,000
1,495,031
990,000
1,035,044
1,119,000
1,158,185
1,873,000
1,984,603
4,331,000
4,663,602
2,192,000
2,317,241
1,546,000
1,587,789
1,294,204
1,311,029
853,000
856,912
140,025
139,919
826,000
867,705
2,553,000
2,728,492
324,159
330,387
495,000
511,884
965,000
1,012,692
4,735,000
4,920,324
2,302,000
2,454,566
2,935,000
3,000,259
840,000
884,101
907,000
941,234
3,739,000
3,906,864
Series 2005-CB13, Class A4,
5.280%, 01/12/2043 (P)
Series 2007-LDPX, Class A3S,
5.317%, 01/15/2049
Series 2003-PM1A, Class A4,
5.326%, 08/12/2040 (P)
Series 2006-LDP9, Class A3,
5.336%, 05/15/2047
Series 2002-C1, Class A3,
5.376%, 07/12/2037
Series 2006-CB14, Class A4,
5.481%, 12/12/2044 (P)
Series 2009-IWST, Class A2,
5.633%, 12/05/2027 (S)
Series 2007-LD11, Class ASB,
5.818%, 06/15/2049 (P)
Series 2002-CIB4, Class C,
6.450%, 05/12/2034 (P)
Series 2001-CIB3, Class A3,
6.465%, 11/15/2035
Series 2001-CIB2, Class D,
6.847%, 04/15/2035 (P)
JPMorgan Commercial Mortgage
Finance Corp., Series 2000-C10, Class C
7.786%, 08/15/2032 (P)
LB Commercial Conduit Mortgage Trust
Series 2007-C3, Class A3,
5.918%, 07/15/2044 (P)
Series 2007-C3, Class A4,
5.928%, 07/15/2044 (P)
LB-UBS Commercial Mortgage Trust
Series 2002-C4, Class A4,
4.563%, 09/15/2026
Series 2004-C7, Class A5,
4.628%, 10/15/2029
Series 2005-C1, Class A4,
4.742%, 02/15/2030
Series 2002-C4, Class A5,
4.853%, 09/15/2031
Series 2005-C5, Class A4,
4.954%, 09/15/2030
Series 2005-C2, Class A4,
4.998%, 04/15/2030
Series 2007-C1, Class AAB,
5.403%, 02/15/2040
Series 2002-C2, Class A4,
5.594%, 06/15/2031
Series 2007-C6, Class A3,
5.933%, 07/15/2040
Core Bond Trust (continued)
Shares or
Principal
Amount
Value
COMMERCIAL & RESIDENTIAL (continued)
Merrill Lynch Mortgage Trust
Series 2005-CIP1, Class A3A,
4.949%, 07/12/2038 (P)
721,000
$
727,171
Series 2005-CKI1, Class A6,
5.232%, 11/12/2037 (P)
1,759,000
1,888,600
777,766
804,222
134,401
135,879
1,959,000
2,002,796
3,909,000
4,163,087
556,000
569,778
2,450,000
2,466,039
845,380
872,883
1,055,000
1,113,495
646,000
676,561
807,000
840,835
1,222,470
1,226,129
671,000
696,378
46,400
40,597
3,120,000
3,389,683
654,000
653,918
1,935,039
1,961,036
145,453
145,234
931,285
943,247
991,636
991,469
Morgan Stanley Capital I
Series 2004-T13, Class A3,
4.390%, 09/13/2045
Series 2005-T17, Class A4,
4.520%, 12/13/2041
Series 2004-IQ8, Class A4,
4.900%, 06/15/2040
Series 2005-HQ6, Class A4A,
4.989%, 08/13/2042
Series 2004-T15, Class A3,
5.030%, 06/13/2041
Series 2006-IQ12, Class ANM,
5.310%, 12/15/2043
Series 2007-HQ13, Class A1,
5.357%, 12/15/2044
Series 2008-HQ8, Class AM,
5.451%, 03/12/2044 (P)
Series 2007-IQ14, Class AAB,
5.654%, 04/15/2049 (P)
Morgan Stanley Dean Witter Capital I
Series 2003-HQ2, Class B,
5.040%, 03/12/2035
Series 2001, Class A4,
6.390%, 07/15/2033
Series 2002-HQ, Class B,
6.640%, 04/15/2034
Morgan Stanley Mortgage Loan Trust,
Series 2007-6XS, Class 2A1S
0.360%, 02/25/2047 (P)
Nomura Asset Securities Corp.,
Series 1998-D6, Class A2
6.553%, 03/15/2030 (P)
Prudential Mortgage Capital Funding LLC,
Series 2001-ROCK, Class B
6.760%, 05/10/2034
Salomon Brothers
Mortgage Securities VII, Inc.
Series 2001-C2, Class A3,
6.499%, 11/13/2036
Series 2000-C2, Class C,
7.727%, 07/18/2033 (P)
Sequoia Mortgage Trust
Series 2010-H1, Class A1,
3.750%, 02/25/2040 (P)
Series 2011-1, Class A1,
4.125%, 02/25/2041 (P)
Wachovia Bank Commercial Mortgage Trust,
Series 2003-C8, Class A3
4.445%, 11/15/2035
186,000
188,303
4,178,068
4,077,026
6,932,498
6,955,229
2,808,144
2,830,369
17,262
17,557
U.S. GOVERNMENT AGENCY - 11.68%
Federal Home Loan Mortgage Corp.
Series K008, Class A1,
2.746%, 12/25/2019
Series K010, Class A1,
3.320%, 07/25/2020
Series K007, Class A1,
3.342%, 12/25/2019
Series 2727, Class PW,
3.570%, 06/15/2029
84
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Core Bond Trust (continued)
Shares or
Principal
Amount
Value
4.000%, 12/15/2036
12,092,777 $
12,456,327
4.000%, 02/15/2039
1,215,256
1,250,727
4,415,931
4,558,067
5,841,000
5,884,093
2,298,907
2,383,377
4.768%, 05/25/2018
1,094,000
1,166,420
5.000%, 03/15/2032
1,302,000
1,394,213
5.000%, 06/15/2038
4,623,785
4,835,548
5.000%, 02/15/2040
14,788,006
15,773,458
1,582,880
1,680,862
960,859
1,034,021
5,263,435
5,690,402
U.S. GOVERNMENT AGENCY (continued)
Federal Home Loan Mortgage Corp. (continued)
Series 3704, Class CA,
Series 3631, Class PA,
4.000%, 02/15/2040
Series K005, Class A2,
4.317%, 11/25/2019
Series 3598, Class MA,
4.500%, 11/15/2038
Series 2009-K003, Class AAB,
Series 3455, Class A,
Series 3052, Class MH,
5.250%, 10/15/2034
Series 2005-3028, Class PG,
5.500%, 09/15/2035
Series 2005-3035, Class PA,
5.500%, 09/15/2035
Series 3325, Class JL,
5.500%, 06/15/2037
2,335,758
2,480,187
2,333,599
2,546,824
3,184,641
3,483,097
6.465%, 07/25/2033 (P)
68,359
81,016
7.500%, 07/25/2043
777,017
874,576
1,006,543
1,162,853
1,084,943
1,237,984
4.000%, 03/25/2039
3,121,086
3,205,973
4.000%, 09/25/2039
7,443,610
7,678,422
468,234
481,263
2,669,000
2,684,170
6,751,118
7,028,041
2,841,000
2,890,077
12,250,000
12,315,727
4.450%, 09/25/2019
946,000
969,859
4.500%, 09/25/2039
1,594,085
1,661,288
12,170,831
12,772,223
4.500%, 06/25/2040
9,243,700
9,782,850
4.500%, 03/25/2049
4,514,237
4,689,543
5.000%, 09/25/2019
3,463,997
3,689,549
5.000%, 05/25/2032
1,076,000
1,151,075
3,809,377
4,007,287
257,094
278,374
1,805,333
1,949,081
Series 2479, Class PG,
6.000%, 08/15/2032
Series 2980, Class QA,
6.000%, 05/15/2035
Series T-48, Class 1A,
Series T-59, Class 1A3,
7.500%, 10/25/2043
Series T-60, Class 1A3,
7.500%, 03/25/2044
Federal National Mortgage Association
Series 2010-15, Class KA,
Series 2010-135, Class LM,
4.000%, 12/25/2040
Series 2009-M2, Class A3,
4.001%, 01/25/2019
Series 2007-30, Class MA,
4.250%, 02/25/2037
Series 2009-M1, Class A2,
4.287%, 07/25/2019
Series 2010-M3, Class A3,
4.332%, 03/25/2020 (P)
Series 2010-M1, Class A2,
Series 3652, Class AP,
4.500%, 03/15/2040
Series 2010-54, Class EA,
Series 2009-78, Class J,
Series 2009-100, Class PN,
5.000%, 11/25/2039
Series 2005-58, Class MA,
5.500%, 07/25/2035
Series 2005-64, Class PL,
5.500%, 07/25/2035
Core Bond Trust (continued)
Shares or
Principal
Amount
Value
U.S. GOVERNMENT AGENCY (continued)
Federal National Mortgage
Association (continued)
6.000%, 01/25/2033
Series 2009-71, Class JT,
3,102,000 $
3,441,006
6.000%, 06/25/2036
4,783,263
5,200,536
6.000%, 12/25/2036
6,725,039
7,057,843
6.000%, 12/25/2039
7,399,740
7,906,578
18,968,970
21,170,471
772,441
869,865
719,900
811,007
1,077,591
1,225,605
598,997
668,653
599,282
687,615
1,300,538
1,414,521
Series 2007-77, Class MH,
Series 2001-81, Class HE,
6.500%, 01/25/2032
Series 2002-33, Class A2,
7.500%, 06/25/2032
Series 2001-T7, Class A1,
7.500%, 02/25/2041
Series 2002-T6, Class A2,
7.500%, 10/25/2041
Series 2002-T16, Class A3,
7.500%, 07/25/2042
Series 2002-T18, Class A4,
7.500%, 08/25/2042
Government National Mortgage Association,
Series 2003-79, Class PV
5.500%, 10/20/2023
TOTAL COLLATERALIZED MORTGAGE
OBLIGATIONS (Cost $412,684,258)
$
411,739,402
ASSET BACKED SECURITIES - 7.38%
Ally Auto Receivables Trust, Series 2010-5,
Class A4
1.750%, 03/15/2016
2,418,000
2,387,182
7,561,000
7,555,051
2,589,000
2,579,310
5,038,000
5,023,836
1,502,000
1,532,988
5,480,000
5,803,322
56,250
53,916
6,551,000
6,568,171
3,522,000
3,533,920
2,519,000
2,607,271
3,311,000
3,289,048
Ally Master Owner Trust, Series 2011-1 A2
2.150%, 01/15/2016
Capital One Multi-Asset Execution Trust,
Series 2006-A5, Class A5
0.315%, 01/15/2016 (P)
Capital One Multi-Asset Execution Trust,,
Series 2004-A4, Class A4
0.475%, 03/15/2017 (P)
Citibank Credit Card Issuance Trust,
Series 2009-A5, Class A5
2.250%, 12/23/2014
Citibank Omni Master Trust,
Series 2009-A14A, Class A14
3.005%, 08/15/2018 (S)(P)
Citigroup Mortgage Loan Trust, Inc.,
Series 2007-AHL1, Class A2A
0.290%, 12/25/2036 (P)
Discover Card Master Trust, Series 2011-A1,
Class A1
0.610%, 08/15/2016 (P)
GE Capital Credit Card Master Note Trust
Series 2011-1, Class A,
0.805%, 01/15/2017 (P)
Series 2009-2, Class A,
3.690%, 07/15/2015
MMCA Automobile Trust, Series 2011-A,
Class A4
2.020%, 10/17/2016 (S)
Morgan Stanley ABS Capital I,
Series 2007-HE2, Class A2A
0.290%, 01/25/2037 (P)
23,450
22,785
15,349
14,975
Morgan Stanley Home Equity Loan Trust,
Series 2007-1, Class A1
0.300%, 12/25/2036 (P)
85
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Core Bond Trust (continued)
Shares or
Principal
Amount
Value
ASSET BACKED SECURITIES (continued)
Nelnet Student Loan Trust
Series 2006-2, Class A4,
0.383%, 10/26/2026 (P)
756,000
$
750,329
Series 2006-1, Class A4,
0.403%, 11/23/2022 (P)
3,117,000
3,054,871
4,917,000
4,748,077
3,631,000
3,386,537
8,770,000
9,138,071
7,334,000
7,590,606
2,758,000
2,727,970
3,903,000
3,871,990
10,087,000
9,773,238
2,950,000
2,733,596
5,355,000
5,324,347
4,709,982
4,710,505
3,709,000
3,716,255
2,058,000
2,091,384
Series 2005-4, Class A3,
0.439%, 06/22/2026 (P)
Series 2004-3, Class A5,
0.483%, 10/27/2036 (P)
Series 2008-3, Class A4,
1.962%, 11/25/2024 (P)
SLC Student Loan Trust, Series 2008-1,
Class A4A
1.910%, 12/15/2032 (P)
SLM Student Loan Trust
Series 2007-4, Class A3,
0.363%, 01/25/2022 (P)
Series 2006-3, Class A4,
0.383%, 07/25/2019 (P)
Series 2005-6, Class A5A,
0.413%, 07/27/2026 (P)
Series 2005-7, Class A4,
0.453%, 10/25/2029 (P)
Series 2004-7, Class A5,
0.473%, 01/27/2020 (P)
Series 2010-1, Class A,
0.650%, 03/25/2025 (P)
Series 2008-6, Class A2,
0.853%, 10/25/2017 (P)
Series 2008-4, Class A2,
1.353%, 07/25/2016 (P)
Series 2008-5, Class A2,
1.403%, 10/25/2016 (P)
4,970,938
5,028,985
1,336,000
1,372,892
1,829,660
1,888,560
2,674,000
2,785,654
6,602,000
6,902,461
3,088,164
3,076,087
3,993,000
3,972,353
Series 2008-5, Class A3,
1.603%, 01/25/2018 (P)
Series 2008-9, Class A,
1.803%, 04/25/2023 (P)
Series 2008-4, Class A4,
1.953%, 07/25/2022 (P)
Series 2008-5, Class A4,
2.003%, 07/25/2023 (P)
SMS Student Loan Trust, Series 2000-A,
Class A2
0.494%, 10/28/2028 (P)
Volkswagen Auto Loan Enhanced Trust,
Series 2011-1, Class A4
1.980%, 09/20/2017
World Financial Network Credit Card
Master Trust, Series 2009-A, Class A
4.600%, 09/15/2015
3,923,000
4,002,522
TOTAL ASSET BACKED SECURITIES (Cost $133,430,208)
$
133,619,065
SECURITIES LENDING COLLATERAL - 2.79%
John Hancock Collateral
Investment Trust, 0.2867% (W)(Y)
5,044,069
50,475,496
TOTAL SECURITIES LENDING
COLLATERAL (Cost $50,476,872)
$
50,475,496
Core Bond Trust (continued)
Shares or
Principal
Amount
Value
SHORT-TERM INVESTMENTS - 1.60%
Money Market Funds* - 1.60%
State Street Institutional Liquid Reserves
Fund, 0.1855%
28,899,901 $
28,899,901
$
28,899,901
$
2,013,957,743
TOTAL SHORT-TERM INVESTMENTS (Cost $28,899,901)
Total Investments (Core Bond Trust)
(Cost $2,012,081,909) - 111.24%
Other assets and liabilities, net - (11.24%)
(203,469,114)
TOTAL NET ASSETS - 100.00%
$
1,810,488,629
TBA SALE COMMITMENTS OUTSTANDING
Federal National Mortgage Association - (0.18)%
3.500%, TBA
(3,500,000)
(3,294,911)
TOTAL TBA SALE COMMITMENTS
OUTSTANDING (Cost $(3,268,125))
$
(3,294,911)
Federal National Mortgage Association - (1.36)%
6.000%, TBA
(22,700,000)
(24,614,936)
TOTAL U.S. GOVERNMENT & AGENCY
OBLIGATIONS (Cost $(24,299,641))
$
(24,614,936)
Core Disciplined Diversification Trust
Shares or
Principal
Amount
Value
INVESTMENT COMPANIES - 100.01%
Affiliated Investment Companies - 100.01%
Equity - 88.02%
John Hancock Trust (G) - 88.02%
500 Index, Series NAV (John Hancock) (2)(A)
1,986,309
Disciplined Diversification, Series NAV (DFA)
8,585,124
$
22,782,962
109,632,034
1,219,749
21,906,694
160,073
3,100,614
225,382
3,407,770
International Index, Series NAV
(John Hancock) (2)(A)
Mid Cap Index, Series NAV
(John Hancock) (2)(A)
Small Cap Index, Series NAV
(John Hancock) (2)(A)
Fixed Income - 11.99%
John Hancock Trust (G) - 11.99%
Total Bond Market A,
Series NAV (Declaration) (A)
1,584,374
TOTAL INVESTMENT COMPANIES (Cost $165,130,891)
21,911,890
$
182,741,964
$
182,741,964
Total Investments (Core Disciplined Diversification Trust)
(Cost $165,130,891) - 100.01%
Other assets and liabilities, net - (0.01%)
(18,911)
TOTAL NET ASSETS - 100.00%
$
182,723,053
Core Diversified Growth & Income Trust
Shares or
Principal
Amount
Value
INVESTMENT COMPANIES - 100.28%
Affiliated Investment Companies - 40.11%
Equity - 28.19%
86
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Core Diversified Growth & Income Trust (continued)
Shares or
Principal
Amount
Value
INVESTMENT COMPANIES (continued)
John Hancock Trust (G) - 28.19%
500 Index, Series NAV (John Hancock) (2)(A)
81,179
$
931,121
International Index, Series NAV
(John Hancock) (2)(A)
9,622
172,803
33,768
467,018
Fund - Class 1
33,154
318,279
American Global Growth Fund - Class 1
13,092
296,545
American Growth Fund - Class 1
5,479
320,441
American Growth-Income Fund - Class 1
16,933
608,248
American International Fund - Class 1
6,051
112,423
American U.S. Government Fund - Class 1
55,597
700,527
Fixed Income - 11.92%
John Hancock Trust (G) - 11.92%
Total Bond Market A,
Series NAV (Declaration) (A)
Unaffiliated Investment Companies - 60.17%
American Funds Insurance Series - 60.17%
American Blue Chip Income & Growth
TOTAL INVESTMENT COMPANIES (Cost $3,619,025)
$
3,927,405
$
3,927,405
Total Investments (Core Diversified Growth & Income Trust)
(Cost $3,619,025) - 100.28%
Other assets and liabilities, net - (0.28%)
(10,806)
TOTAL NET ASSETS - 100.00%
$
3,916,599
Core Fundamental Holdings Trust
Shares or
Principal
Amount
Value
INVESTMENT COMPANIES - 100.01%
Affiliated Investment Companies - 40.00%
Equity - 24.11%
John Hancock Trust (G) - 24.11%
500 Index, Series NAV (John Hancock) (2)(A)
4,579,537 $
52,527,286
806,110
14,477,737
3,193,117
44,160,814
Fund - Class 1
2,040,155
19,585,489
American Growth Fund - Class 1
338,047
19,772,362
American Growth-Income Fund - Class 1
1,093,596
39,281,986
American International Fund - Class 1
1,174,184
21,816,336
American U.S. Government Fund - Class 1
5,261,188
66,290,966
International Index, Series NAV
(John Hancock) (2)(A)
Fixed Income - 15.89%
John Hancock Trust (G) - 15.89%
Total Bond Market A,
Series NAV (Declaration) (A)
Unaffiliated Investment Companies - 60.01%
American Funds Insurance Series - 60.01%
American Blue Chip Income & Growth
TOTAL INVESTMENT COMPANIES (Cost $251,364,421)
$
277,912,976
Total Investments (Core Fundamental Holdings Trust)
(Cost $251,364,421) - 100.01%
$
Other assets and liabilities, net - (0.01%)
277,912,976
(19,262)
TOTAL NET ASSETS - 100.00%
$
277,893,714
Core Global Diversification Trust
Shares or
Principal
Amount
Value
2,560,953 $
29,374,128
3,089,206
55,482,148
3,288,910
45,485,619
American Global Growth Fund - Class 1
2,492,975
56,465,894
American Growth-Income Fund - Class 1
444,649
15,971,777
American International Fund - Class 1
2,978,209
55,335,131
American U.S. Government Fund - Class 1
5,414,955
68,228,429
INVESTMENT COMPANIES - 100.01%
Affiliated Investment Companies - 39.94%
Equity - 26.00%
John Hancock Trust (G) - 26.00%
500 Index, Series NAV (John Hancock) (2)(A)
International Index, Series NAV
(John Hancock) (2)(A)
Fixed Income - 13.94%
John Hancock Trust (G) - 13.94%
Total Bond Market A,
Series NAV (Declaration) (A)
Unaffiliated Investment Companies - 60.07%
American Funds Insurance Series - 60.07%
TOTAL INVESTMENT COMPANIES (Cost $303,757,503)
$
326,343,126
$
326,343,126
Total Investments (Core Global Diversification Trust)
(Cost $303,757,503) - 100.01%
Other assets and liabilities, net - (0.01%)
(20,228)
TOTAL NET ASSETS - 100.00%
$
326,322,898
Core Strategy Trust
Shares or
Principal
Amount
Value
26,592,174 $
305,012,233
7,804,385
140,166,763
2,741,713
53,106,974
INVESTMENT COMPANIES - 100.00%
Affiliated Investment Companies - 100.00%
Equity - 70.30%
John Hancock Trust (G) - 70.30%
500 Index, Series NAV (John Hancock) (2)(A)
International Index, Series NAV
(John Hancock) (2)(A)
Mid Cap Index, Series NAV
(John Hancock) (2)(A)
Small Cap Index, Series NAV
(John Hancock) (2)(A)
1,505,359
22,761,025
15,920,769
220,184,237
Fixed Income - 29.70%
John Hancock Trust (G) - 29.70%
Total Bond Market A,
Series NAV (Declaration) (A)
741,231,232
TOTAL INVESTMENT COMPANIES (Cost $630,505,204)
$
741,231,232
$
741,231,232
Total Investments (Core Strategy Trust)
(Cost $630,505,204) - 100.00%
Other assets and liabilities, net - 0.00%
(32,821)
TOTAL NET ASSETS - 100.00%
$
741,198,411
87
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Disciplined Diversification Trust
Shares or
Principal
Amount
Value
COMMON STOCKS - 69.93%
Australia - 1.68%
Acrux, Ltd.
1,766
$
5,527
Adelaide Brighton, Ltd.
7,026
23,378
AGL Energy, Ltd.
2,090
30,918
Alesco Corp., Ltd.
615
2,036
Alumina, Ltd.
18,167
46,269
Amalgamated Holdings, Ltd.
3,424
21,070
Amcor, Ltd.
8,082
58,976
AMP, Ltd.
13,616
76,403
Ansell, Ltd.
1,951
27,266
Anvil Mining, Ltd. (I)
200
1,306
APA Group, Ltd.
2,507
10,913
APN News & Media, Ltd.
2,128
3,416
Aquarius Platinum, Ltd.
1,779
9,898
Aquila Resources, Ltd. (I)
792
7,703
ARB Corp., Ltd.
509
4,350
Aristocrat Leisure, Ltd.
3,696
12,415
Asciano Group
21,695
39,022
Aspire Mining Ltdaspire Mining Ltd. (I)
11,773
12,060
Atlas Iron, Ltd. (I)
6,571
25,306
Austar United Communications, Ltd. (I)
5,902
8,018
Australia & New Zealand Banking Group, Ltd.
13,339
328,209
Australian Infrastructure Fund
5,379
10,659
Australian Stock Exchange, Ltd.
857
30,500
Australian Worldwide Exploration, Ltd. (I)
6,149
11,002
Automotive Holdings Group
3,000
8,707
Bandanna Energy Ltdbandanna Energy Ltd. (I)
3,990
7,289
Bank of Queensland, Ltd.
921
9,448
Beach Energy, Ltd.
24,430
24,488
Bendigo and Adelaide Bank, Ltd.
2,424
23,895
BHP Billiton, Ltd.
1,200
57,513
BHP Billiton, Ltd., SADR (L)
5,700
546,516
Billabong International, Ltd.
3,565
27,813
Blackmores, Ltd.
69
2,134
BlueScope Steel, Ltd.
14,114
28,786
Boart Longyear Group
12,589
60,851
Boral, Ltd.
13,414
69,301
Bow Energy, Ltd. (I)
9,313
9,682
Bradken, Ltd.
1,082
8,777
Brambles, Ltd.
6,902
50,508
Brickworks, Ltd.
1,981
22,508
Cabcharge Australia, Ltd.
479
2,734
Caltex Australia, Ltd.
721
11,625
Campbell Brothers, Ltd.
646
30,955
Cardno, Ltd.
746
4,505
Challenger Financial Services Group, Ltd.
7,270
37,066
Coca-Cola Amatil, Ltd.
2,908
35,299
Cochlear, Ltd.
512
43,952
Cockatoo Coal, Ltd. (I)
8,818
4,449
Commonwealth Bank of Australia
6,843
370,934
Computershare, Ltd.
3,023
28,961
ConnectEast Group
53,679
25,254
Consolidated Media Holdings, Ltd.
4,541
13,246
Crane Group, Ltd.
473
4,993
Crown, Ltd.
3,414
28,747
CSL, Ltd.
1,983
73,263
CSR, Ltd.
11,474
38,893
CuDeco, Ltd. (I)
2,196
7,019
Customers, Ltd.
3,092
4,635
Dart Energy, Ltd. (I)
3,341
3,015
David Jones, Ltd.
3,562
17,492
Discovery Metals, Ltd. (I)
7,718
10,034
Downer EDI, Ltd.
1,628
6,377
Duet Group
9,837
17,024
Duluxgroup, Ltd.
2,418
6,774
Eastern Star Gas, Ltd. (I)
15,735
12,273
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Australia (continued)
Elders, Ltd. (I)
1,707
Emeco Holdings, Ltd.
4,324
$
891
5,422
Energy Resources of Australia, Ltd.
406
3,340
Energy World Corp., Ltd. (I)
24,742
12,391
Envestra, Ltd.
2,480
1,539
Extract Resources, Ltd. (I)
987
8,036
Fleetwood Corp., Ltd.
1,862
23,297
Flight Centre, Ltd.
206
4,743
Fortescue Metals Group, Ltd.
6,361
42,031
Foster’s Group, Ltd.
11,127
65,789
Goodman Fielder, Ltd.
20,604
26,202
GrainCorp., Ltd.
585
4,599
GUD Holdings, Ltd.
2,068
20,482
Gunns, Ltd. (I)
11,710
7,495
GWA International, Ltd.
1,367
4,676
Harvey Norman Holding, Ltd.
5,854
18,149
Hills Industries, Ltd.
1,154
1,825
Iluka Resources, Ltd.
6,108
83,867
Incitec Pivot, Ltd.
8,283
37,027
Independence Group NL
1,343
9,142
Infigen, Ltd.
6,731
2,573
Integra Mining, Ltd. (I)
5,144
2,478
IOOF Holdings, Ltd.
1,604
12,029
Iress Market Technology, Ltd.
2,010
19,413
iSOFT Group Ltd. (I)
15,462
832
Ivanhoe Australia, Ltd. (I)
2,621
9,015
John Fairfax Holdings, Ltd.
23,506
31,347
Kagara Zinc, Ltd. (I)
15,000
9,511
Kingsgate Consolidated, Ltd.
682
6,108
Leighton Holdings, Ltd.
551
16,789
Lend Lease Corp.
4,413
41,346
Linc Energy, Ltd.
6,566
19,790
MacArthur Coal, Ltd.
3,088
37,017
Macmahon Holdings, Ltd.
4,908
2,865
Macquarie Airports, Ltd.
4,411
13,863
Macquarie Group, Ltd.
2,212
83,621
Maryborough Sugar Factory
873
3,260
Mcmillan Shakespeare, Ltd.
251
2,539
Medusa Mining, Ltd.
1,338
9,721
Mermaid Marine Australia, Ltd.
601
1,995
Mesoblast, Ltd. (I)
1,314
9,839
Metcash, Ltd.
7,274
31,290
Monadelphous Group, Ltd.
333
7,364
Mount Gibson Iron, Ltd. (I)
1,612
3,311
Murchison Metals, Ltd. (I)
11,474
11,793
Myer Holdings, Ltd.
1,122
3,724
National Australia Bank, Ltd.
12,191
326,089
Navitas, Ltd.
2,006
8,867
New Hope Corp., Ltd.
1,732
8,917
Newcrest Mining, Ltd.
3,229
133,411
NIB Holdings, Ltd.
7,722
11,313
NRMA Insurance Group, Ltd.
15,517
57,601
NRW Holdings, Ltd.
471
1,403
Nufarm, Ltd. (I)
1,560
8,369
OceanaGold Corp. (I)
3,000
8,293
OneSteel, Ltd.
9,891
24,919
Orica, Ltd.
2,418
65,891
Origin Energy, Ltd.
6,676
111,480
Oxiana, Ltd.
17,837
29,373
Pacific Brands, Ltd.
5,817
5,084
Paladin Resources, Ltd. (I)
5,205
19,451
Pan Australian Resources, Ltd. (I)
5,474
4,434
PaperlinX, Ltd. (I)
2,943
1,080
Peet & Company, Ltd.
3,526
7,043
Perpetual Trust of Australia, Ltd.
65
1,955
88
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Australia (continued)
Pharmaxis, Ltd. (I)
6,309
$
17,458
Platinum Asset Management, Ltd.
1,354
6,735
Premier Investments, Ltd.
906
5,946
Primary Health Care, Ltd.
3,498
11,927
Prime AET&D Holdings No 1 Pty, Ltd. (I)
2
0
Programmed Maintenance Services, Ltd.
3,918
6,900
Qantas Airways, Ltd. (I)
10,227
23,029
QBE Insurance Group, Ltd.
4,141
75,601
Ramsay Health Care, Ltd.
719
14,217
REA Group, Ltd.
226
3,074
Redflex Holdings, Ltd.
5,097
13,392
Reece Australia, Ltd.
929
21,493
Regis Resources, Ltd. (I)
3,549
8,259
Resolute Mining, Ltd. (I)
6,735
8,731
Rex Minerals, Ltd. (I)
1,663
4,964
Ridley Corp., Ltd.
3,902
4,924
Rio Tinto, Ltd.
2,620
229,270
Riversdale Mining, Ltd. (I)
808
13,787
SAI Global, Ltd.
2,788
14,449
Sally Malay Mining, Ltd.
4,562
10,687
Sandfire Resources Nl (I)
3,022
21,254
Santos, Ltd.
5,769
92,348
Seek, Ltd.
692
4,845
ServCorp, Ltd.
1,946
5,942
Seven Network, Ltd.
755
6,996
Sigma Pharmaceuticals, Ltd. (I)
20,199
10,230
Sims Group, Ltd.
1,467
26,528
SMS Management & Technology, Ltd.
1,494
10,016
Sonic Healthcare, Ltd.
2,607
32,291
Southern Cross Media Group, Ltd. (L)
10,800
18,496
SP Ausnet
18,093
16,454
Spark Infrastructure Group (S)
9,219
10,670
Spotless Group, Ltd.
5,512
11,041
St. Barbara, Ltd. (I)
6,294
14,186
Straits Metals, Ltd. (I)
839
707
STW Communications Group, Ltd.
4,307
5,383
Suncorp-Metway, Ltd.
8,469
74,129
TABCORP Holdings, Ltd.
5,372
41,592
Tattersall’s, Ltd.
10,220
24,709
Telstra Corp., Ltd.
18,597
54,211
Ten Network Holdings, Ltd.
7,565
10,238
The Reject Shop, Ltd.
168
2,107
Thorn Group, Ltd.
5,020
11,365
Toll Holdings, Ltd.
3,609
22,116
Tower Australia Group, Ltd.
3,024
12,367
TPG Telecom, Ltd.
4,552
7,847
Transfield Services, Ltd.
8,075
27,948
Transpacific Industries Group, Ltd. (I)
3,754
4,359
Transurban Group, Ltd.
6,155
34,215
United Group, Ltd.
1,825
29,583
Virgin Blue Holdings, Ltd. (I)
16,061
5,227
& Company, Ltd.
1,874
24,537
Wesfarmers, Ltd.
5,734
188,237
West Australian Newspapers Holdings, Ltd.
723
3,968
Western Areas NL
1,453
10,141
Westpac Banking Corp, SADR (L)
1,400
175,140
Westpac Banking Corp.
7,298
183,453
White Energy Company, Ltd. (I)
167
482
White Energy Company, Ltd. (I)
167
0
White Energy Company, Ltd. (I)
547
1,754
Whitehaven Coal, Ltd.
710
4,908
WHK Group, Ltd.
5,300
5,260
Woodside Petroleum, Ltd.
2,755
133,233
Woolworths, Ltd.
3,653
101,515
Washington H Soul Pattinson
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Australia (continued)
WorleyParsons, Ltd.
760
Wotif.com Holdings, Ltd.
1,550
$
24,329
8,748
6,223,652
Austria - 0.13%
Andritz AG
156
14,545
BWIN Interactive Entertainment AG
452
17,735
Erste Group Bank AG
1,943
98,062
Flughafen Wien AG
263
16,709
Intercell AG (I)
488
6,227
Mayr-Melnhof Karton AG
150
17,523
Oesterreichische Elektrizitaets AG, Class A
185
8,215
Oesterreichische Post AG (I)
519
17,761
OMV AG
992
44,814
Raiffeisen International Bank Holding AG
528
29,308
RHI AG (I)
89
3,211
Schoeller-Bleckmann Oilfield Equipment AG
46
4,528
Semperit AG Holding
67
3,902
Strabag SE
782
24,857
Telekom Austria AG
3,134
45,882
Uniqa Versicherungen AG
343
7,772
Voestalpine AG
1,126
52,877
Versicherung AG
482
27,531
Wienerberger Baustoffindustrie AG (I)
1,142
23,014
Zumtobel AG
627
21,418
Wiener Staedtische Allgemeine
485,891
Bahamas - 0.00%
Steiner Leisure, Ltd. (I)
200
9,252
Ackermans & Van Haaren NV
310
29,960
Ageas
13,918
39,641
AGFA Gevaert NV (I)
387
2
AGFA Gevaert NV (I)
1,552
6,715
Anheuser-Busch InBev NV
3,415
194,798
Banque Nationale de Belgique
4
19,887
Barco NV (I)
336
25,872
Bekaert SA
642
73,263
Belgacom SA
498
19,306
Colruyt SA
585
30,821
D’ieteren SA
280
19,192
Delhaize Group (L)
700
57,183
Dexia SA (I)
4,872
18,986
Elia System Operator SA/NV
221
9,021
Euronav NV
796
12,313
EVS Broadcast Equipment SA
252
16,040
Galapagos NV (I)
188
3,140
KBC Bancassurance Holding NV
1,556
58,534
Kinepolis Group NV
353
28,270
Mobistar SA
68
4,718
Nyrstar
1,073
15,468
Nyrstar - Strip VVPR (I)(L)
441
0
Omega Pharma SA
224
10,793
Solvay SA
371
43,947
Telenet Group Holding NV (I)
611
28,633
Tessenderlo Chemie (I)
10
6
Tessenderlo Chemie NV
213
7,633
ThromboGenics NV (I)
334
10,224
UCB SA
567
21,547
Umicore
574
28,506
Van De Velde NV (I)
196
11,041
Belgium - 0.23%
845,460
89
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Bermuda - 0.40%
Allied World Assurance
Company Holdings, Ltd.
800
Alterra Capital Holdings, Ltd.
1,500
$
50,152
33,510
American Safety Insurance Holdings, Ltd. (I)
200
4,286
Arch Capital Group, Ltd. (I)
800
79,352
Argo Group International Holdings, Ltd.
500
16,520
Aspen Insurance Holdings, Ltd.
1,200
33,072
Assured Guaranty, Ltd.
2,200
32,780
Axis Capital Holdings, Ltd.
2,000
69,840
Catlin Group, Ltd.
4,951
28,658
CSI Properties, Ltd (I)
270,000
8,384
Dockwise, Ltd. (I)
60
1,632
Endurance Specialty Holdings, Ltd.
800
39,056
Enstar Group, Ltd. (I)
200
19,976
Everest Re Group, Ltd.
800
70,544
Flagstone Reinsurance Holdings SA
1,500
13,515
Frontline, Ltd.
400
9,945
Genpact, Ltd. (I)
3,100
44,888
Global Crossing, Ltd. (I)
800
11,136
Golar LNG, Ltd.
700
17,906
Golden Ocean Group, Ltd.
4,000
5,128
Helen of Troy, Ltd. (I)
500
14,700
Hiscox, Ltd.
4,702
28,462
Katanga Mining, Ltd. (I)
500
892
Lancashire Holdings, Ltd.
97
930
Marvell Technology Group, Ltd. (I)
4,500
69,975
Montpelier Re Holdings, Ltd.
1,100
19,437
Nabors Industries, Ltd. (I)
5,000
151,900
Orient-Express Hotels, Ltd., Class A (I)
1,400
17,318
PartnerRe, Ltd.
1,200
95,088
Platinum Underwriters Holdings, Ltd.
800
30,472
RenaissanceRe Holdings, Ltd.
800
55,192
Seadrill, Ltd.
2,243
81,061
Seawell, Ltd./bermuda (I)
230
1,587
Ship Finance International, Ltd.
900
18,657
Signet Jewelers, Ltd. (I)
1,476
67,926
Textainer Group Holdings, Ltd.
1,000
37,160
Validus Holdings, Ltd.
1,872
62,394
XL Group PLC
4,803
118,154
1,461,585
Brazil - 0.88%
AES Tiete SA
900
12,541
All America Latina Logistica SA
5,200
42,679
American Banknote SA
200
2,444
Anhanguera Educacional Participacoes SA
800
19,590
B2W Companhia Global Do Varejo
300
4,107
Banco Bradesco SA
4,446
75,922
Banco Bradesco SA, ADR
11,774
244,311
Banco do Brasil SA
1,800
32,579
Banco Santander Brasil SA, ADR
4,600
56,396
BM&F Bovespa SA
9,200
66,775
BR Malls Participacoes SA
3,400
35,403
Brasil Brokers Participacoes Sa
2,200
11,454
Biocombustiveis e Oleos Vegetais SA (I)
15,200
7,820
Brasil Telecom SA
800
21,608
Braskem SA
800
21,544
BRF - Brasil Foods SA
3,454
65,937
Brookfield Incorporacoes SA
4,400
22,854
Centrais Eletricas Brasileiras SA (I)
1,200
18,132
Centrais Eletricas Brasileiras SA, ADR
1,100
21,274
Acucar, ADR
800
33,544
Cia de Saneamento de Minas Gerais
800
13,475
Brasil Ecodiesel Industria e Comercio de
Cia Brasileira de Distribuicao Grupo Pao de
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Brazil (continued)
Cia Energetica de Minas Gerais, ADR
2,410
Cia Paranaense de Energia, SADR
300
$
46,441
8,337
de Sao Paulo, ADR
400
23,496
Companhia Siderurgica Nacional SA, SADR
3,550
59,143
Cosan SA Industria e Comercio
1,300
20,225
CPFL Energia SA
600
17,048
Cyrela Brazil Realty SA
2,800
26,548
Diagnosticos da America SA
3,600
46,305
Drogasil Sadrogasil Sa
1,300
10,160
Duratex SA
2,290
24,195
Embraer SA, ADR
1,100
37,070
Equatorial Energia Sa
1,400
10,899
Estacio Participacoes SA
700
11,362
Even Construtora e Incorporadora SA
1,800
9,283
EZ Tec Empreendimentos e Participacoes SA
1,100
9,433
Fertilizantes Heringer SA (I)
1,600
9,800
Fibria Celulose SA, SADR
1,104
18,128
Companhia de Saneamento Basico de Estado
Gafisa SA
3,000
18,963
Gerdau SA, SADR
4,100
51,250
Gol Linhas Aereas Inteligentes SA, ADR
900
12,357
Grendene SA
1,900
11,172
Hypermarcas SA
1,400
18,522
Inpar SA (I)
1,300
2,468
Iochpe-Maxion SA
800
10,623
Itau Unibanco Holding SA
3,615
86,941
Itau Unibanco Holding SA
800
15,724
JBS SA
2,700
9,691
JHSF Participacoes SA
2,000
5,084
LLX Logistica SA (I)
587
1,808
Localiza Rent A Car SA
300
4,814
Lojas Americanas SA
1,300
9,380
Lojas Renner SA
1,500
48,593
Lps Brasil Consultoria De Imoveis Sa
500
11,729
Lupatech SA (I)
100
857
MMX Mineracao e Metalicos SA (I)
465
2,922
MPX Energia SA (I)
600
14,682
MRV Engenharia e Participacoes SA
1,600
12,799
Natura Cosmeticos SA
1,100
30,993
Obrascon Huarte Lain Brasil SA
200
7,583
Odontoprev SA
400
6,537
e Participacoes
2,500
14,026
Perdigao SA
984
18,581
Petroleo Brasileiro SA, ADR
7,732
312,605
Petroleo Brasileiro SA, SADR (L)
10,394
369,403
Plascar Participacoes Industriais SA (I)
700
1,102
Porto Seguro SA
1,300
21,977
PortX Operacoes Portuarias SA (I)
587
1,388
Sa-pref
1,200
8,195
Rossi Residencial SA
4,800
40,013
Sao Martinho SA
500
7,837
SLC Agricola SA
200
2,810
Souza Cruz SA
2,000
20,825
Sul America SA
2,700
33,737
Tecnisa SA
1,800
13,087
Tele Norte Leste Participacoes SA
400
9,139
Telecomunicacoes de Sao Paulo SA
600
13,689
Telecomunicacoes de Sao Paulo SA, ADR (L)
1,100
27,093
Terna Participacoes SA
800
17,155
Tim Participacoes SA, ADR
700
30,555
Tim Participacoes Satim Participacoes Sa
2,500
12,832
Totvs SA
500
9,601
Ultrapar Participacoes SA
800
13,245
PDG Realty SA Empreendimentos
Randon Participacoes Sarandon Participacoes
90
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Brazil (continued)
Ultrapar Participacoes SA, ADR
1,200
Usinas Siderurgicas de Minas Gerais SA
1,400
$
20,340
24,010
Vale SA
10,100
298,152
Vale SA, SADR
7,000
233,450
Vivo Participacoes SA, ADR
900
36,342
Weg SA
2,400
31,605
3,256,548
Canada - 2.37%
Absolute Software Corp. (I)
200
654
Advantage Oil & Gas, Ltd. (I)
1,400
12,563
Aecon Group, Inc.
1,200
12,266
AGF Management, Ltd.
1,356
27,428
Agnico-Eagle Mines, Ltd.
700
46,534
Agrium, Inc.
1,000
92,347
Alamos Gold, Inc.
1,600
25,316
Alimentation Couche Tard, Inc.
1,000
26,292
Astral Media, Inc.
600
23,938
ATCO, Ltd.
300
18,164
Atlantic Power Corp.
529
8,005
ATS Automation Tooling Systems, Inc. (I)
102
727
Aura Minerals, Inc. (I)
1,715
5,006
Aurizon Mines, Ltd. (I)
1,500
10,552
Bank of Montreal (L)
3,180
206,577
Bank of Nova Scotia
4,584
281,281
Bankers Petroleum, Ltd. (I)
700
6,282
Barrick Gold Corp.
3,800
197,506
Baytex Energy Corp.
338
19,764
BCE, Inc.
1,917
69,641
Bell Aliant, Inc.
272
7,530
Bellatrix Exploration, Ltd. (I)
2,700
15,707
Birchcliff Energy, Ltd. (I)
1,700
21,322
BlackPearl Resources, Inc. (I)
1,800
13,293
BMTC Group, Inc., Class A
200
4,714
Bombardier, Inc.
8,000
58,834
Bombardier, Inc., Class A
2,300
16,891
Boralex, Inc. (I)
200
1,743
Brookfield Asset Management, Inc.
1,300
42,252
Brookfield Properties Corp.
1,100
19,470
CAE, Inc.
2,909
38,647
Calfrac Well Services, Ltd.
600
19,340
Calvalley Petroleums, Inc. (I)
500
1,351
Cameco Corp.
2,200
66,170
Canaccord Capital, Inc.
1,200
17,329
Canada Bread Company, Ltd.
100
4,745
Canadian Imperial Bank of Commerce
1,784
153,834
Canadian National Railway Company
1,700
128,267
Canadian Natural Resources, Ltd.
4,322
213,715
Canadian Pacific Railway, Ltd.
1,100
70,709
Canadian Tire Corp., Ltd.
600
39,825
Canadian Utilities, Ltd.
600
32,769
Canadian Western Bank
445
14,298
Canam Group, Inc.
100
860
Canfor Corp. (I)
2,100
32,058
Cangene Corp. (I)
400
1,081
Canyon Services Group, Inc.
650
8,716
Capstone Mining Corp. (I)
4,700
21,379
Cardiome Pharma Corp. (I)
300
1,275
Cascades, Inc.
500
3,894
CCL Industries, Inc.
500
16,297
Celestica, Inc. (I)
2,600
27,891
Celtic Exploration, Ltd. (I)
600
12,792
Cenovus Energy, Inc.
2,956
116,776
Centerra Gold, Inc.
800
14,358
CGI Group, Inc. (I)
2,300
48,230
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Canada (continued)
Chinook Energy, Inc. (I)
716
$
1,514
CI Financial Corp.
800
19,020
Cline Mining Corp. (I)
2,400
8,640
Cogeco Cable, Inc.
400
18,570
Cogeco, Inc.
400
17,118
Colossus Minerals, Inc. (I)
1,100
9,270
Compton Petroleum Corp. (I)
600
207
Connacher Oil and Gas, Ltd. (I)
1,300
1,917
Consolidated Thompson Iron Mines, Ltd. (I)
1,100
19,447
Corridor Resources, Inc. (I)
1,200
6,585
Corus Entertainment, Inc.
1,200
25,572
Cott Corp. (I)
800
6,733
Crescent Point Energy Corp.
500
24,265
Crew Energy, Inc. (I)
300
5,446
Crystallex International Corp. (I)
1,900
294
Daylight Energy, Ltd.
1,870
21,815
Denison Mines Corp. (I)
7,400
17,632
Detour Gold Corp. (I)
400
12,650
Domtar Corp.
600
55,068
Dorel Industries, Inc., Class B
200
6,422
Dragonwave, Inc. (I)
700
5,783
Dundee Capital Markets, Inc. (I)
600
805
Dundee Precious Metals
Incdundee Precious Metals Inc (I)
1,300
11,679
Eastern Platinum, Ltd. (I)
26,100
34,997
Eldorado Gold Corp.
2,700
44,030
Emera, Inc.
300
9,806
Empire Company, Ltd.
200
11,032
Enbridge, Inc.
1,484
90,953
Encana Corp.
3,756
129,901
Enerplus Corp.
789
24,992
Ensign Energy Services, Inc.
900
16,951
Equinox Minerals, Ltd. (I)
5,981
35,411
European Goldfields, Ltd. (I)
900
11,363
Evertz Technologies, Ltd.
100
1,833
Exfo Electro Optical Engineering, Inc. (I)
55
599
Fairborne Energy, Ltd. (I)
400
2,244
(Toronto Exchange)
200
75,606
Finning International, Inc.
1,300
38,403
First Quantum Minerals, Ltd.
1,000
129,366
FirstService Corp. (I)
200
7,571
Flint Energy Services, Ltd. (I)
200
3,482
Fortis, Inc.
900
30,746
Forzani Group, Ltd.
200
3,629
Franco-Nevada Corp.
800
29,368
Galleon Energy, Inc. (I)
300
1,241
Gammon Gold, Inc. (I)
1,200
12,489
Garda World Security Corp. (I)
200
2,061
George Weston, Ltd.
400
27,255
Gildan Activewear, Inc.
1,000
32,821
Glacier Media, Inc. (I)
600
1,516
GMP Capital, Inc.
600
9,760
Goldcorp, Inc.
3,465
172,768
Gran Tierra Energy, Inc. (I)
3,400
27,438
Grande Cache Coal Corp. (I)
400
4,237
Great Canadian Gaming Corp. (I)
400
3,181
Great-West Lifeco, Inc.
1,000
27,746
Groupe Aeroplan, Inc.
2,900
39,275
Guyana Goldfields, Inc. (I)
396
3,848
Harry Winston Diamond Corp. (I)
200
3,222
Home Capital Group, Inc.
400
23,480
HudBay Minerals, Inc.
800
13,029
Husky Energy, Inc.
1,300
39,503
IAMGOLD Corp.
2,200
48,493
Fairfax Financial Holdings, Ltd.
91
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Canada (continued)
IESI-BFC, Ltd.
233
IGM Financial, Inc.
700
$
5,911
35,603
Imax Corp. (I)
300
9,528
Imperial Oil, Ltd.
900
45,989
Financial Services, Inc.
900
38,785
Inmet Mining Corp.
700
49,206
Intact Financial Corp.
800
41,465
International Forest Products, Ltd. (I)
300
2,163
International Tower Hill Mines, Ltd. (I)
1,100
11,040
Intertape Polymer Group, Inc. (I)
2,100
2,708
Ivanhoe Energy, Inc. (I)
900
2,534
Ivanhoe Mines, Ltd. (I)
3,220
88,313
Kingsway Financial Services, Inc. (I)
1,600
1,485
Kinross Gold Corp.
7,178
113,130
Kirkland Lake Gold, Inc. (I)
1,000
13,956
Lake Shore Gold Corp. (I)
2,500
10,547
Laurentian Bank of Canada
300
15,664
Legacy Oil & Gas, Inc. (I)
800
12,155
Leon’s Furniture, Ltd.
300
4,298
Linamar Corp.
400
8,668
Loblaw Companies, Ltd.
800
32,058
Lundin Mining Corp. (I)
1,400
11,625
MacDonald Dettwiler & Associates, Ltd.
400
22,226
Macquarie Power & Infrastructure Corp.
350
2,866
MAG Silver Corp. (I)
1,100
13,127
Magna International, Inc.
1,700
81,502
Major Drilling Group International
300
5,096
Maple Leaf Foods, Inc.
1,300
16,547
Maxim Power Corp. (I)
100
304
Mercator Minerals, Ltd. (I)
2,600
9,011
Mercer International, Inc. (I)
900
12,195
Methanex Corp.
800
24,871
Metro, Inc.
900
42,888
Migao Corp. (I)
1,300
10,151
Minefinders Corp. (I)
275
3,628
Miranda Technologies, Inc. (I)
300
2,058
Nal Energy Corp.
229
3,125
National Bank of Canada
800
65,015
Neo Material Technologies, Inc. (I)
700
6,736
New Gold, Inc (I)
2,600
30,599
Nexen, Inc.
3,947
98,400
Niko Resources, Ltd.
400
38,370
Norbord, Inc. (I)
60
931
Nordion, Inc.
2,500
29,500
North American Energy Partners, Inc. (I)
700
8,592
North American Palladium, Ltd. (I)
200
1,310
Northern Dynasty Minerals, Ltd. (I)
500
7,525
Industrial Alliance Insurance and
Northgate Minerals Corp. (I)
1,600
4,357
Novagold Resources, Inc. (I)
900
11,669
NuVista Energy, Ltd.
800
8,252
Oncolytics Biotech, Inc. (I)
900
5,245
Onex Corp.
800
28,047
Open Text Corp. (I)
600
37,281
OPTI Canada, Inc. (I)
1,100
267
Osisko Mining Corp. (I)
2,300
33,118
Pacific Rubiales Energy Corp.
600
16,648
Pan American Silver Corp.
600
22,286
Paramount Resources, Ltd. (I)
200
6,931
Pason Systems, Inc.
1,200
19,495
Pembina Pipeline Corp.
500
11,831
Pengrowth Energy Trust
245
3,389
Penn West Petroleum, Ltd.
2,692
74,748
PetroBakken Energy, Ltd., Class A
921
17,442
Petrobank Energy & Resources, Ltd. (I)
1,000
21,135
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Canada (continued)
Potash Corp. of Saskatchewan, Inc.
2,700
Precision Drilling Corp. (I)
2,000
$
159,271
27,107
Progress Energy Resources Corp.
1,300
18,719
Quadra FNX Mining, Ltd. (I)
648
9,030
Quebecor, Inc.
300
10,731
Questerre Energy Corp. (I)
3,200
4,060
Ram Power Corp. (I)
365
497
Reitmans Canada, Ltd., Class A
500
9,005
Research In Motion, Ltd. (I)
1,600
90,488
Richelieu Hardware, Ltd.
700
21,661
Ritchie Bros. Auctioneers, Inc.
700
19,747
Rogers Communications, Inc., Class B (L)
1,900
69,062
RONA, Inc.
1,300
19,041
Royal Bank of Canada
4,977
307,963
Rubicon Minerals Corp. (I)
2,300
11,909
Russel Metals, Inc.
1,100
30,986
Sabina Gold & Silver Corp. (I)
1,600
9,638
Sandvine Corp. (I)
7,000
17,690
Saputo, Inc.
1,100
49,650
Savanna Energy Services Corp. (I)
400
3,755
Sears Canada, Inc.
599
12,375
SEMAFO, Inc. (I)
1,800
17,248
Shaw Communications, Inc., Class B
1,700
35,841
Shawcor, Ltd., Class A
600
22,564
Sherritt International Corp.
3,300
27,094
Shoppers Drug Mart Corp.
1,316
54,106
Shore Gold, Inc. (I)
1,200
965
Silver Standard Resources, Inc. (I)
600
18,808
Silver Wheaton Corp.
2,100
91,235
Silvercorp Metals, Inc.
500
7,277
SNC-Lavalin Group, Inc.
700
39,884
SouthGobi Energy Resources, Ltd. (I)
100
1,474
Sprott Resource Corp. (I)
687
3,805
Sprott Resource Lending Corp. (I)
1,200
2,203
St Andrew Goldfields, Ltd. (I)
4,000
4,373
Stantec, Inc. (I)
200
5,987
Stella-Jones, Inc.
200
8,345
Sun Life Financial, Inc.
4,063
127,694
Suncor Energy, Inc.
10,139
454,712
Superior Plus Corp.
700
8,144
Talisman Energy, Inc.
5,500
135,982
Tanzanian Royalty Exploration Corp. (I)
1,900
12,131
Taseko Mines, Ltd. (I)
900
5,347
Teck Resources, Ltd.
2,700
143,118
Teekay Corp.
600
22,158
TELUS Corp.
973
47,270
Tesco Corp. (I)
200
4,390
The Churchill Corp. (I)
400
8,272
The Descartes Systems Group, Inc. (I)
600
3,948
The Jean Coutu Group (PJC), Inc.
1,500
15,859
The Toronto-Dominion Bank
4,400
389,397
Thompson Creek Metals Company, Inc. (I)
1,300
16,292
Thomson Corp.
2,012
78,965
Tim Hortons, Inc.
1,400
63,495
Timminco, Ltd. (I)
300
142
TMX Group, Inc.
500
20,021
Toromont Industries, Ltd.
500
16,220
Torstar Corp.
400
5,896
Trans-Canada Corp.
3,239
131,331
TransAlta Corp.
1,899
40,037
Transcontinental, Inc.
500
7,726
TransForce, Inc.
1,100
16,168
Transglobe Energy Corp. (I)
600
9,110
Trican Well Service, Ltd.
1,500
33,868
Trilogy Energy Corp.
400
8,408
92
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
COMMON STOCKS (continued)
Canada (continued)
Value
Trinidad Drilling, Ltd.
2,100
UEX Corp. (I)
800
$
20,361
974
Uni-Select, Inc.
200
5,388
Uranium One, Inc.
7,500
29,397
Valeant Pharmaceuticals International, Inc.
1,500
74,884
(Toronto Exchange)
1,246
62,063
Valener, Inc.
130
2,247
Vector Aerospace Corp. (I)
305
4,036
Vermilion Energy, Inc.
220
11,466
Vero Energy, Inc. (I)
300
1,714
Viterra, Inc.
3,072
37,263
West Fraser Timber Company, Ltd.
300
18,699
Western Financial Group, Inc.
600
2,562
Westport Innovations, Inc. (I)
500
10,959
Wi-LAN, Inc.
1,000
6,148
Yamana Gold, Inc.
5,300
65,491
Yellow Media, Inc.
620
3,524
Valeant Pharmaceuticals International, Inc.
8,763,719
Cayman Islands - 0.11%
China Dongxiang Group Company
27,000
8,529
Consolidated Water Company, Ltd.
400
4,360
ENN Energy Holdings, Ltd.
4,000
12,421
Fresh Del Monte Produce, Inc.
1,000
26,110
Garmin, Ltd. (I)(L)
2,500
84,650
Greenlight Capital Re, Ltd., Class A (I)
600
16,926
Herbalife, Ltd.
1,000
81,360
Hopewell Highway Infrastructure, Ltd., GDR
12,600
8,646
S Gdr (I)
532
1,835
Longfor Properties
5,053
8,568
Sands China, Ltd. (I)
10,000
22,257
Seagate Technology PLC
6,600
95,040
Siem Offshore, Inc. (I)
1,271
2,865
Wynn Macau, Ltd.
4,400
12,269
Integra Group Holdingsintegra Group Hold-reg
385,836
Chile - 0.15%
Banco de Chile (L)
516
43,442
Banco de Credito e Inversiones
233
14,634
Banco Santander Chile SA, ADR (L)
300
26,025
Besalco SA
5,468
10,578
CAP SA
641
31,134
Centros Comerciales Sudamericanos SA
5,133
36,903
Cia Cervecerias Unidas SA, ADR
500
29,550
Cia General de Electricidad
1,916
10,831
Colbun SA
49,226
14,016
Companhia Sudamericana de Vapores SA
7,688
5,730
CorpBanca SA, SADR
333
7,456
Empresa Electrica Del Norte Grande Sa
4,759
12,145
Electricidad SA, ADR (L)
500
27,810
Empresa Nacional de Telecomunicaciones SA
1,081
17,675
Empresas CMPC SA
771
37,766
Empresa Nacional de
Empresas Copec SA
2,167
38,109
Empresas Iansa SA (I)
65,744
8,190
Empresas La Polar SA
2,561
13,662
Enersis SA, SADR
1,400
29,148
Inversiones Aguas Metropolitanas SA
2,737
4,166
Lan Airlines SA, SADR (L)
900
23,031
Madeco SA
184,091
10,753
Masisa SA (I)
76,248
11,813
Ripley Corp SA (I)
7,726
10,215
S.A.C.I. Falabella SA
1,614
16,439
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Chile (continued)
Salfacorp Sa
3,023
$
10,854
Sociedad Quimica y Minera de
Chile SA, ADR
600
33,156
Sonda SA
5,869
14,493
Vina Concha Y Toro SA, ADR
300
14,094
563,818
China - 0.76%
361 Degrees International, Ltd.
9,000
5,618
AAC Acoustic Technologies Holdings, Inc.
10,000
27,059
Agile Property Holdings, Ltd.
8,000
12,586
Ajisen China Holdings, Ltd.
8,000
15,440
Aluminum Corp. China, Ltd. (L)
1,300
30,771
Angang Steel Company, Ltd., Class H
10,000
13,622
Anhui Conch Cement Company, Ltd.
8,000
50,326
Anta Sports Products, Ltd.
1,000
1,551
Bank of China, Ltd., Class H
353,100
196,255
34,750
38,217
26,000
13,626
Company, Ltd., Class H
26,000
9,647
Bund Center Investment, Ltd. (I)
9,000
1,566
BYD Company, Ltd., Class H (I)
3,000
11,491
China Automation Group, Ltd.
13,000
10,086
China BlueChemical, Ltd.
18,000
14,739
China Citic Bank Corp, Ltd.
21,000
15,305
China Coal Energy Company, Series H
22,000
29,925
27,787
26,621
Services Corp., Ltd., Class H
28,000
17,075
China Construction Bank Corp.
255,891
239,732
China COSCO Holdings Company, Ltd. (I)
18,500
18,912
China Eastern Airlines Corp., Ltd. (I)
60,000
22,947
Bank of Communications
Company, Ltd., Class H
Beijing Capital International Airport
Company, Ltd., Class H
Beijing Datang Power Generation
China Communications
Construction Company, Ltd.
China Communications
China Huiyuan Juice Group, Ltd. (L)
11,000
7,479
China Information Technology, Inc. (I)
800
2,160
Company, Ltd., SADR (L)
2,000
112,100
China Merchants Bank Company, Ltd.
21,628
59,804
China Molybdenum Company, Ltd.
18,000
15,638
Material Company, Ltd.
10,000
36,606
China National Materials Company, Ltd.
11,000
9,880
China Oilfield Services, Ltd.
10,000
22,695
China Pacific Insurance Group Company, Ltd.
2,574
10,783
China Petroleum & Chemical Corp., ADR
800
80,464
China Qinfa Group, Ltd. (I)
2,000
1,147
China Railway Construction Corp.
13,500
14,074
China Railway Group, Ltd.
23,000
14,792
China Rare Earth Holdings, Ltd. (I)
22,000
9,639
China Shanshui Cement Group, Ltd.
20,000
18,650
China Shenhua Energy Company, Ltd.
13,500
63,570
China Shineway Pharmaceutical Group, Ltd.
5,000
12,017
Lines Company, Ltd. (I)
47,000
18,770
China Shipping Development Company, Ltd.
10,000
11,318
China Southern Airlines Company, Ltd. (I)
60,000
26,666
China Telecom Corp., Ltd., ADR
700
42,700
China Yurun Food Group, Ltd.
10,000
33,738
Electric Company, Ltd.
4,000
1,350
Cogo Group, Inc. (I)
600
4,842
Country Garden Holdings Company
32,000
14,059
China Life Insurance
China National Building
China Shipping Container
Chongqing Machinery &
93
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
China (continued)
Dongfang Electric Corp. Ltd.
4,800
Dongfeng Motor Group Company, Ltd.
30,000
$
16,431
51,384
Dongyue Group
17,000
13,797
Epure International, Ltd. (I)
17,000
9,728
Evergrande Real Estate Group, Ltd.
25,000
13,726
First Tractor Company
10,000
12,041
Foxconn International Holdings, Ltd. (I)
21,000
12,588
Fufeng Group, Ltd.
10,000
6,831
Great Wall Motor Company, Ltd.
10,000
18,461
Greentown China Holdings, Ltd.
11,500
12,122
Guangdong Investment, Ltd.
34,000
17,153
Guangzhou Automobile Group Company, Ltd.
32,233
39,369
Company, Ltd., Class H
10,000
14,902
Hidili Industry International Development, Ltd.
13,000
11,550
Huaneng Power International, Inc.
500
11,745
Hunan Non Ferrous Metal Corp., Ltd. (I)
12,000
4,558
Industrial & Commercial Bank of China, Ltd.
305,730
253,524
Machinery Holdings, Ltd. (I)
7,500
6,583
Jiangsu Expressway, Ltd.
10,000
11,292
Jiangxi Copper Company, Ltd., Class H
9,000
29,967
Group Company, Ltd.
10,000
6,281
Kingsoft Corp., Ltd.
12,000
7,199
KWG Property Holding, Ltd.
14,500
11,738
Lenovo Group, Ltd.
34,000
19,489
Lingbao Gold Company, Ltd.
4,000
3,293
Maanshan Iron & Steel Company, Ltd. (I)
22,000
11,882
Metallurgical Corp of China Ltd (I)
3,000
1,248
New World Department Store China
8,000
5,589
Pacific Textile Holdings, Ltd.
18,000
10,400
Peak Sport Products Company, Ltd.
8,000
5,484
PetroChina Company, Ltd., Class H
108,000
165,181
22,000
26,729
7,500
75,919
Manufacturing International Corp. (I)
265,000
20,064
Shanghai Electric Group Company, Ltd.
26,000
13,076
Shenzhou International Group Holdings, Ltd.
6,000
7,073
Shimao Property Holdings, Ltd., GDR
14,500
20,500
Shui On Land, Ltd.
12,847
5,937
Silver Base Group Holdings, Ltd.
3,000
2,302
Petrochemical Company, Ltd.
300
14,286
Sinotrans Shipping, Ltd.
15,500
5,027
Sinotrans, Ltd., Class H
11,000
2,678
Tencent Holdings, Ltd.
3,800
92,330
Tianneng Power International, Ltd.
3,600
1,755
Tingyi (Cayman Islands) Holding Corp.
10,000
24,570
Travelsky Technology, Ltd.
8,000
7,797
Tsingtao Brewery Company, Ltd., Series H
2,000
9,548
Uni-President China Holdings, Ltd.
16,000
8,177
Want Want China Holdings, Ltd.
15,000
11,739
Weiqiao Textile Company
11,000
10,951
Xingda International Holdings, Ltd.
14,000
13,038
Industry Company, Ltd.
3,000
1,807
XTEP International Holdings
14,500
9,838
Yanzhou Coal Mining Company, Ltd.
1,300
47,151
Guangzhou R&F Properties
International Mining
Kingdee International Software
PICC Property & Casualty
Company, Ltd., Class H (I)
Ping An Insurance Group Company
of China, Ltd.
Semiconductor
Sinopec Shanghai
Xinjiang Xinxin Mining
Yanzhou Coal Mining Company, Ltd., Class H
4,000
14,440
Zhaojin Mining Industry Company., Ltd. (I)
6,000
26,968
Zhejiang Expressway Company, Ltd., Class H
12,000
10,955
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
China (continued)
Zhuzhou CSR Times Electric Company, Ltd.
4,000
Zijin Mining Group, Ltd.
26,000
$
15,248
20,731
ZTE Corp., Class H
2,100
9,810
2,814,038
Colombia - 0.02%
BanColombia SA ADR
200
12,532
Ecopetrol SA
700
29,169
Petrominerales, Ltd.
1,014
38,426
80,127
Cyprus - 0.01%
Globaltrans Investment PLC, GDR (I)
741
13,627
ProSafe ASA
1,104
8,397
22,024
Czech Republic - 0.02%
CEZ AS
757
38,680
Komercni Banka AS
109
27,508
Telefonica O2 Czech Republic AS
798
18,669
84,857
Denmark - 0.22%
A P Moller Maersk A/S, Series A
6
56,436
Bavarian Nordic A/S (I)
225
4,804
Carlsberg A/S
702
75,602
Coloplast A/S
150
21,708
D.S. Norden A/S
64
2,205
Danisco A/S
415
52,386
Danske Bank A/S (I)
2,447
54,189
Danske Bank A/S - New Shares (I)
815
18,202
DFDS A/S
36
3,046
DSV A/S, ADR
687
16,962
East Asiatic Company, Ltd. A/S
298
9,064
Fionia Bank A/S (I)
550
0
FLS Industries A/S
534
45,457
Genmab A/S (I)
380
4,044
GN Store Nord A/S
2,000
18,780
H. Lundbeck A/S
487
11,300
IC Companys A/S
52
2,225
Jyske Bank A/S (I)
712
31,726
NeuroSearch A/S (I)
102
1,106
NKT Holding A/S
119
6,965
Novo Nordisk A/S, SADR
1,600
200,368
Novozymes A/S, B Shares
250
38,200
PER Aarsleff A/S
90
7,606
Ringkjoebing Landbobank A/S
36
4,632
Rockwool International A/S
100
12,339
Royal Unibrew A/S
164
11,304
Satair A/S
30
2,156
Schouw & Company A/S
100
2,783
SimCorp A/S
51
8,175
Sjaelso Gruppen A/S (I)
150
279
Spar Nord Bank A/S (I)
600
5,531
Sydbank A/S
511
12,898
Thrane & Thrane A/S
102
4,865
Topdanmark A/S (I)
135
22,444
Torm A/S (I)
300
1,716
TrygVesta A/S
177
10,409
Vestas Wind Systems A/S (I)
992
43,049
824,961
Egypt - 0.01%
Orascom Construction Industries
461
19,357
715
17,609
Finland - 0.32%
Ahlstrom OYJ
94
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Finland (continued)
Alma Media OYJ
1,123
Amer Sports OYJ
1,470
$
12,963
18,900
Atria PLC
525
6,455
Cargotec Corp. OYJ
270
13,166
Cramo OYJ (L)
941
24,397
Elisa OYJ, Class A
806
17,741
Fiskars Corp.
285
6,863
Fortum OYJ
2,649
90,094
Huhtamaki OYJ
1,487
21,071
Ilkka-Yhtyma OYJ
259
3,233
KCI Konecranes OYJ
207
9,585
Kemira OYJ
1,294
20,915
Kesko OYJ
774
36,232
Kone OYJ
649
37,347
Lassila & Tikanoja OYJ
363
6,532
M-real OYJ (I)
5,400
23,556
Metra OYJ
1,392
54,338
Metso OYJ
2,220
119,359
Neste Oil OYJ
833
17,168
Nokia OYJ
4,628
39,380
Nokia OYJ, SADR (L)
8,000
68,080
Nokian Renkaat OYJ
853
36,328
Olvi OYJ
50
2,620
Oriola-KD OYJ
3,601
17,370
Orion OYJ, Series A
518
12,541
Orion OYJ, Series B
915
22,194
Outokumpu OYJ
1,422
24,612
Outotec OYJ
215
12,934
Pohjola Bank OYJ (L)
2,267
30,910
Poyry OYJ
603
9,191
Ramirent OYJ
637
10,494
Rautaruukki OYJ
824
19,752
Ruukki Group OYJ (I)
3,552
9,106
Sampo OYJ
2,893
92,312
Sanoma OYJ
694
15,721
Stockmann OYJ Abp, Series B
271
8,148
Stora Enso OYJ, Series R
4,914
58,532
Technopolis OYJ
1,351
7,235
Tieto OYJ
537
9,827
Tikkurila OYJ
323
7,350
UPM-Kymmene OYJ
3,521
74,463
Vacon OYJ
243
14,971
Vaisala OYJ
274
8,941
YIT Oyj
616
18,259
1,188,795
France - 1.72%
Accor SA
679
30,487
Aeroports de Paris
235
21,648
Air France KLM (I)
1,136
18,899
Air Liquide SA
1,138
151,422
Alcatel-Lucent (I)
10,870
62,711
Alcatel-Lucent, SADR (I)
1,300
7,553
Alstom SA
940
55,600
Altamir Amboise (I)
346
3,973
Alten SA
466
17,572
April Group SA
269
7,438
Arkema
378
34,314
Atos Origin SA (I)
196
11,505
AXA SA
10,603
221,684
BioMerieux SA
61
6,398
BNP Paribas
5,011
366,690
Bonduelle SCA
60
5,645
Bongrain SA (I)
43
3,994
Bourbon SA
181
8,557
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
France (continued)
Bouygues SA
1,406
Bureau Veritas SA
318
$
67,511
25,003
Cap Gemini SA
1,092
63,485
Carrefour SA
2,447
108,461
Casino Guichard Perrachon SA
470
44,480
Christian Dior SA
341
48,011
Cie de Saint-Gobain
2,765
169,293
Cie Generale de Geophysique-Veritas (I)
928
33,543
Club Mediterranee SA (I)
311
6,695
CNP Assurances SA
912
19,366
800
28,952
Michelin, Class B
1,005
84,926
Compagnie Plastic Omnium SA
375
30,583
Credit Agricole SA
4,460
73,236
Danone SA (I)
2,419
158,008
Dassault Systemes SA
135
10,386
Dassault Systemes SA, ADR
178
13,749
Delachaux SA
38
3,885
Edenred (I)
928
27,991
EDF Energies Nouvelles, SA
202
10,646
EDF SA
876
36,308
Eiffage SA
234
14,074
Essilor International SA
954
70,890
Esso SAF
21
2,975
Etablissements Maurel et Prom SA
1,051
20,255
Etam Developpement SA (I)
178
8,431
Euler Hermes SA (I)
217
20,670
Euro Disney SCA (I)
1,146
12,305
Space Company (I)
2,586
75,370
Eutelsat Communications
618
24,681
Faiveley Transport
97
9,598
Faurecia (I)
464
16,948
Financiere Marc de Lacharriere SA
165
6,660
France Telecom SA
5,839
130,980
France Telecom SA, SADR
2,800
63,028
GDF Suez
6,581
268,520
Gemalto NV
759
37,340
GFI Informatique SA (I)
1,624
8,567
GL Events SA
168
5,765
Groupe Eurotunnel SA
2,308
24,557
Groupe Steria SA
723
23,263
Guyenne & Gascogne SA
102
13,235
Havas SA
9,811
52,656
Hermes International SA
266
58,413
Iliad SA
179
21,462
Imerys SA
456
33,479
Compagnie Generale de
Geophysique-Veritas (I)
Compagnie Generale des Etablissements
European Aeronautic Defence &
IMS International Metal Service (I)
172
3,662
Ingenico SA
483
21,616
Ipsen SA
190
6,822
Ipsos SA
285
13,955
JC Decaux SA (I)
642
21,585
Korian
384
9,006
L’Oreal SA
1,025
119,382
Lafarge SA
1,486
92,676
Lagardere S.C.A (I)
829
35,445
Laurent-Perrier SA
19
2,127
Legrand SA, ADR
757
31,481
LVMH Moet Hennessy Louis Vuitton SA
987
156,210
M6-Metropole Television
679
17,741
Meetic
378
8,280
Mersen
322
17,886
Natixis (I)
8,403
47,604
95
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
France (continued)
Neopost SA
286
$
25,045
Nexans SA
342
32,723
Nexity SA
201
9,968
NRJ Group
256
2,718
Orpea SA
163
7,965
PagesJaunes Groupe SA
975
9,778
Penauille Polyservices SA (I)
416
3,572
Pernod-Ricard SA
1,312
122,690
Peugeot SA (I)
1,042
41,241
Pierre & Vacances SA
194
17,043
PPR
493
75,557
Publicis Groupe SA
872
48,888
Rallye SA
357
16,152
Remy Cointreau SA
112
8,431
Renault SA (I)
1,576
87,128
Rexel SA (I)
817
20,620
Rhodia SA (I)
963
28,178
Rubis SA
143
17,088
Sa des Ciments Vicat (I)
137
11,650
Safran SA
1,294
45,808
Saft Groupe SA
395
16,790
Sanofi-Aventis SA
909
63,841
Sanofi-Aventis SA, ADR
8,840
311,345
Schneider Electric SA
1,305
223,056
SCOR SE
1,334
36,319
SEB SA
170
16,739
Seche Environnement
29
2,777
Sechilienne-Sidec SA
300
8,416
Sequana Capital
355
6,240
Societe BIC SA
221
19,637
Societe Generale
3,316
215,615
Societe Television Francaise
400
7,344
Sodexho Alliance
416
30,362
SOITEC (I)
1,651
25,071
Somfy SA
66
18,230
SR Teleperformance SA
626
23,597
STMicroelectronics NV
5,121
63,468
Suez Environnement SA
1,413
29,232
Technip SA
901
96,243
Thales SA
491
19,607
Theolia SA (I)
446
847
Total SA
3,611
219,825
Trigano SA
184
6,247
UBISOFT Entertainment SA (I)
662
6,772
Valeo SA (I)
771
44,939
Vallourec SA
690
77,451
Veolia Environnement SA
752
23,384
Veolia Environnement SA, ADR
900
28,053
Vilmorin & Compagnie SA
121
14,499
Vinci SA
1,541
96,273
Virbac SA
64
10,665
Vivendi SA
7,483
213,580
Zodiac SA
501
36,479
6,375,394
Germany - 1.56%
Aareal Bank AG (I)
1,065
34,156
Adidas AG
1,204
76,040
Adva AG Optical Networking (I)
1,343
11,264
Aixtron AG (L)
2,020
88,341
Allianz SE
2,309
323,973
Arques Industries Ag (I)
1,047
6,315
Asian Bamboo AG (L)
217
10,673
Axel Springer AG
80
12,943
BASF SE (I)
3,942
341,781
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Germany (continued)
Bauer AG
199
$
10,041
Bayer AG
3,714
287,596
Bayerische Motoren Werke (BMW) AG
1,622
135,410
BayWa AG
220
9,965
Beiersdorf AG
429
26,187
Bilfinger Berger AG (I)
616
53,471
Biotest AG
188
13,077
Carl Zeiss Meditec AG
602
12,709
Celesio AG
622
15,293
Comdirect Bank AG
358
4,049
Commerzbank AG (I)(L)
5,493
42,808
Continental AG (I)
267
24,123
Daimler AG (L)
4,529
319,607
Delticom AG
67
6,069
Demag Cranes AG
396
20,169
Deutsche Bank AG (L)
5,850
345,560
Deutsche Boerse AG
914
69,354
Deutsche Lufthansa AG
1,375
29,151
Deutsche Post AG (I)
4,806
86,741
Deutsche Telekom AG (I)
16,349
252,617
Deutz AG (I)
380
3,198
Douglas Holding AG
377
20,590
Drillisch AG
1,233
12,723
Duerr AG (I)
342
11,356
DVB Bank AG
130
4,624
E.ON AG
8,457
258,402
ElringKlinger AG
874
27,550
Evotec AG (I)
5,636
23,755
Fielmann AG
101
9,543
Fraport AG, ADR
382
28,004
Freenet AG
684
7,836
Fresenius AG
790
73,095
Company KGaA (L)
1,000
67,520
GEA Group AG
1,483
48,831
Gerresheimer AG
197
9,016
Gerry Weber International AG
59
3,434
GFK AG
202
11,170
Gildemeister AG
331
7,500
Grenkeleasing AG
302
18,081
Hamburger Hafen und Logistik AG
130
6,048
Hannover Rueckversicherung AG
384
20,960
HeidelbergCement AG
1,012
70,689
Heidelberger Druckmaschinen AG (I)
2,635
12,456
Henkel AG & Company, KGaA
916
47,869
Hochtief AG
395
42,525
Indus Holding AG
334
9,946
Infineon Technologies AG
11,647
119,391
Infineon Technologies AG, ADR
1,444
14,888
IVG Immobilien AG (I)
981
8,136
Jenoptik AG (I)
706
5,642
K&S AG
906
68,394
Kloeckner & Company SE (I)
495
16,545
Kontron AG
927
11,495
Krones AG (I)
110
7,971
KWS Saat AG
30
6,335
Fresenius Medical Care AG &
Lanxess AG
377
28,201
Leoni AG (I)
304
12,990
Linde AG (I)
1,016
160,473
MAN AG (I)
685
85,392
Medion AG
481
6,822
Merck KGAA
443
39,973
Metro AG (I)
597
40,816
MLP AG
663
6,135
Morphosys AG (I)
113
3,003
96
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Germany (continued)
MTU Aero Engines Holding AG
328
$
22,223
Muenchener Rueckversicherungs - Gesellschaft
AG (MunichRe)
987
155,208
MVV Energie AG
213
8,260
Norddeutsche Affinerie AG
508
27,130
Nordex AG (I)
111
1,220
Pfeiffer Vacuum Technology AG
139
19,494
Pfleiderer AG (I)
325
742
Phoenix Solar AG
271
9,210
Praktiker Bau- und Heimwerkermaerkte AG
439
5,181
Premiere AG (I)
4,951
20,373
Puma AG
48
14,099
Q-Cells AG (I)
211
911
Qiagen AG (I)
1,865
37,241
QSC AG (I)
2,321
8,747
Rheinmetall AG
265
21,969
Rhoen-Klinikum AG
1,133
24,576
Roth & Rau AG (I)
271
6,059
RWE AG
1,689
107,978
Salzgitter AG
344
27,166
SAP AG
474
29,081
SAP AG, SADR
2,700
165,672
SGL Carbon AG (I)
292
14,268
Siemens AG
3,200
439,488
Sixt AG
395
20,157
SMA Solar Technology AG
59
7,406
Software AG
261
43,234
Solar Millennium AG (I)
105
2,723
Solarworld AG (L)
724
11,805
Solon SE (I)
266
1,683
Stada Arzneimittel AG
532
20,618
Suedzucker AG
616
17,171
Symrise AG
1,131
33,170
Tag Immobilien AG (I)
577
5,625
ThyssenKrupp AG
2,089
85,636
Tognum AG
1,002
36,086
TUI AG (I)
2,754
32,929
United Internet AG
711
12,778
Volkswagen AG
295
45,248
Vossloh AG
56
7,509
Wacker Chemie AG
99
22,267
Wacker Construction Equipment AG (I)
190
2,997
Wincor Nixdorf AG
298
24,114
Wire Card AG
551
9,882
5,778,140
Gibraltar - 0.00%
PartyGaming PLC (I)
2,309
7,402
Agricultural Bank of Greece SA (I)
2,722
2,735
Alapis Holding Industrial & Commercial SA
1,171
414
Alpha Bank A.E. (I)
4,746
30,670
Bank of Cyprus PCL
3,424
12,440
Bank of Greece SA (I)
162
8,180
Coca Cola Hellenic Bottling Company SA
1,000
27,130
Athens Hygeia SA (I)
2,326
1,909
EFG Eurobank Ergasias SA (I)
3,504
21,817
Excel Maritime Carriers, Ltd. (I)(L)
700
3,003
Fourlis SA
160
1,360
GEK Group of Companies SA
925
3,695
Geniki Bank SA (I)
568
1,199
Greek Postal Savings Bank SA (I)
615
2,933
Hellenic Petroleum SA
1,357
14,153
Hellenic Technodomiki Tev SA
2,313
10,151
Greece - 0.10%
Diagnostic & Therapeutic Center of
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Greece (continued)
Hellenic Telecommunications Organization SA
1,308
$
14,597
Intralot SA-integrated Lottery Systems
& Services
1,792
6,221
Jumbo SA
213
1,647
Marfin Investment Group SA (I)
7,394
8,165
Metka SA
436
5,927
Michaniki SA
2,623
1,304
Motor Oil Hellas Corinth Refineries SA
798
10,354
Mytilineos Holdings SA (I)
1,928
14,876
National Bank of Greece SA (I)
6,037
53,663
OPAP SA
1,350
28,877
Piraeus Bank SA (I)
19,556
38,769
Proton Bank SA (I)
1,023
1,057
Public Power Corp. SA
1,004
17,481
Terna Energy SA
278
1,348
Titan Cement Company SA
454
11,320
Viohalco SA (I)
1,796
10,418
367,813
Guernsey, C.I. - 0.02%
Amdocs, Ltd. (I)
2,900
83,665
Alibaba.com, Ltd.
5,500
9,421
Allied Group, Ltd.
2,000
6,991
Allied Properties HK, Ltd.
20,000
4,121
AMVIG Holdings, Ltd.
4,000
3,082
Apac Resources, Ltd. (I)
100,000
5,988
Asia Financial Holdings, Ltd.
22,000
9,913
7,000
13,071
Standard Intl.group
20,000
4,930
ASM Pacific Technology, Ltd.
1,800
22,600
Associated International Hotels, Ltd. (I)
2,000
4,350
Bank of East Asia, Ltd.
10,893
46,377
Beijing Enterprises Holdings, Ltd.
4,000
22,917
Belle International Holdings, Ltd.
23,000
42,401
BOC Hong Kong Holdings, Ltd.
18,000
58,617
Brilliance China Automotive Holdings, Ltd. (I)
68,000
68,093
C C Land Holdings, Ltd.
7,000
2,388
Cafe de Coral Holdings, Ltd.
2,000
4,704
Cathay Pacific Airways, Ltd.
8,000
19,117
Chaoda Modern Agriculture Holdings, Ltd.
28,480
17,766
Chaoyue Group, Ltd. (I)
45,000
2,254
Cheung Kong Holdings, Ltd.
9,000
146,588
Cheung Kong Infrastructure Holdings, Ltd.
4,000
18,937
China Aerospace International Holdings, Ltd.
76,000
9,075
China Agri-Industries Holdings, Ltd.
8,000
8,994
China Energy Development Holdings, Ltd. (I)
160,000
5,900
China Everbright International, Ltd.
16,000
7,778
China Everbright, Ltd.
4,000
8,953
China Gas Holdings, Ltd.
16,000
7,890
Resources Group, Ltd. (I)
26,000
731
China Green Holdings, Ltd.
3,000
2,308
5,000
8,021
Lumena New Materials
26,000
9,401
China Mengniu Dairy Company, Ltd.
4,000
10,604
International Company, Ltd.
6,458
27,244
China Mobile, Ltd.
1,500
13,857
Hong Kong - 1.02%
Asia Satellite Telecom
Holdings Company, Ltd.
Asia Standard International Groupasia
China Grand Forestry
China High Speed Transmission Equipment
Group Company, Ltd.
China Lumena New Materials Corpchina
China Merchants Holdings
China Mobile, Ltd., SADR
5,100
235,824
China Oil and Gas Group, Ltd. (I)
20,000
1,873
97
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Hong Kong (continued)
China Overseas Land & Investment, Ltd.
24,960
$
51,242
China Pharmaceutical Group, Ltd.
14,000
8,281
100,000
8,512
Holdings Company, Ltd. (I)
50,000
10,917
China Resource Power Holdings, Ltd.
14,000
27,043
China Resources Enterprises, Ltd.
8,000
32,723
China Resources Gas Group, Ltd.
6,000
8,201
China Resources Land, Ltd.
18,000
33,681
China Sci-Tech Holdings, Ltd. (I)
240,000
6,876
18,000
16,384
7,000
20,639
Hong Kong, Ltd. (I)
22,000
4,600
China Unicom Hong Kong, Ltd. (I)
3,803
63,130
China WindPower Group, Ltd. (I)
80,000
8,559
Chong Hing Bank, Ltd.
4,000
10,280
Citic 1616 Holdings, Ltd.
27,000
8,672
Citic 21CN Company, Ltd. (I)
36,000
5,169
Citic Pacific, Ltd.
6,000
16,626
CITIC Resources Holdings, Ltd. (I)
11,500
2,501
CLP Holdings, Ltd.
9,000
73,012
CNNC International, Ltd. (I)
10,000
7,211
CNOOC, Ltd.
600
151,824
Coastal Greenland, Ltd. (I)
4,000
255
COFCO International, Ltd.
6,000
3,662
Cosco International Holdings, Ltd.
22,427
14,359
COSCO Pacific, Ltd.
6,000
11,342
Cosway Corp. Ltd.
5,000
553
Dah Chong Hong Holdings, Ltd.
8,000
8,985
Dah Sing Banking Group, Ltd.
4,840
7,535
China Power New Energy
Development Company, Ltd. (I)
China Precious Metal Resources
China State Construction
International Holdings, Ltd.
China Taiping Insurance
Holdings Company, Ltd. (I)
China Travel International Investment
Dah Sing Financial Group
900
5,561
Daphne International Holdings, Ltd.
10,000
7,569
Dickson Concepts International, Ltd.
7,500
5,591
Digital China Holdings, Ltd.
6,000
11,444
Enm Holdings, Ltd. (I)
96,000
8,567
Esprit Holdings, Ltd.
5,813
26,570
eSun Holdings, Ltd. (I)
46,000
10,231
Eva Precision Industrial Holdings, Ltd.
12,000
8,784
Far East Consortium International, Ltd.
36,000
8,645
First Pacific Company
24,000
21,479
First Sign International Holdings, Ltd. (I)
17,000
7,241
Fosun International
22,500
17,251
Franshion Properties China, Ltd.
40,000
11,480
Fushan International Energy Group, Ltd.
16,000
11,465
G-Resources Group, Ltd. (I)
84,000
6,182
Galaxy Entertainment Group, Ltd. (I)
6,000
8,709
GCL Poly Energy Holdings, Ltd. (I)
47,596
29,376
Geely Automobile Holdings Company, Ltd.
15,000
5,563
Get Nice Holdings, Ltd.
30,000
2,009
Giordano International, Ltd.
8,000
4,838
Group Company, Ltd. (I)
14,000
2,278
Glorious Sun Enterprises, Ltd.
30,000
11,982
Appliances Holdings, Ltd. (I)
57,000
19,966
Great Eagle Holdings, Ltd.
4,108
13,772
GZI Transportation, Ltd.
5,640
3,194
Haier Electronics Group Company, Ltd. (I)
16,000
18,032
Hang Lung Group, Ltd.
6,000
37,488
Hang Lung Properties, Ltd.
15,000
65,572
Hang Seng Bank, Ltd.
3,000
48,442
Global Bio-Chem Technology
GOME Electrical
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Hong Kong (continued)
Harbin Power Equipment Company, Ltd.
6,000
Henderson Land Development Company, Ltd.
7,036
$
6,223
48,741
Heng Tai Consumables Group, Ltd.
5,000
604
Hengan International Group Company, Ltd.
4,000
29,637
Hi Sun Technology China, Ltd. (I)
15,000
5,255
HKC Holdings, Ltd. (I)
27,770
1,463
HKR International, Ltd.
16,800
9,527
Hong Kong & China Gas Company, Ltd.
21,940
52,571
Engineering Company, Ltd.
800
10,305
Hong Kong Electric Holdings, Ltd.
5,500
36,651
Hong Kong Energy Holdings, Ltd. (I)
327
32
Hong Kong Exchanges & Clearing, Ltd.
4,300
93,220
Hopewell Holdings, Ltd.
6,000
17,933
Hopson Development Holdings, Ltd. (I)
6,000
6,793
Hong Kong Aircraft
Hutchison Telecommunications Hong
Kong Holdings, Ltd.
27,000
8,667
Hutchison Whampoa, Ltd.
11,000
129,986
Hysan Development Company, Ltd.
3,000
12,361
Inspur International, Ltd.
45,000
2,803
Interchina Holdings Co. (I)
15,000
3,067
International Luk Fook Holdings, Ltd.
4,000
11,931
Ione Holdings, Ltd.
160,000
2,989
Johnson Electric Holdings, Ltd.
11,000
6,521
Ju Teng International Holdings, Ltd.
10,000
3,103
Kerry Properties, Ltd.
4,000
20,115
King Stone Energy Group, Ltd. (I)
360,000
8,175
Kingboard Chemical Holdings, Ltd.
4,500
23,645
Kingboard Laminates Holdings, Ltd.
16,000
13,361
Kowloon Development Company, Ltd.
7,000
9,383
Kunlun Energy Company, Ltd. (I)
16,000
25,467
Lee & Man Holding, Ltd.
8,000
9,241
Lee & Man Paper Manufacturing, Ltd.
33,600
23,076
Li & Fung, Ltd.
8,000
41,108
Li Ning Company, Ltd.
5,000
8,442
Lifestyle International Holdings, Ltd.
4,500
10,806
Pharmaceutical Holding, Ltd.
40,000
11,193
Lonking Holdings, Ltd.
24,000
16,966
Melco International Development
16,000
10,907
Midland Holdings, Ltd.
10,000
7,812
Ming Fung Jewellery Group, Ltd. (I)
110,000
11,154
30,000
9,394
Development Company, Ltd.
40,000
3,957
Minth Group, Ltd.
6,000
10,024
Miramar Hotel & Investment Company, Ltd.
8,000
9,776
Mongolia Energy Company, Ltd. (I)
21,000
4,220
MTR Corp., Ltd.
10,159
37,438
Neo-Neon Holdings, Ltd.
10,000
3,846
New World China Land, Ltd.
33,000
12,450
New World Development Company, Ltd.
18,036
31,848
Nine Dragons Paper Holdings, Ltd.
16,000
19,160
NWS Holdings, Ltd.
9,672
14,769
Orient Overseas International, Ltd.
1,500
15,698
Pacific Andes International Holdings, Ltd.
36,000
5,823
Pacific Basin Shipping, Ltd.
14,000
8,859
Parkson Retail Group, Ltd.
15,000
20,592
PCCW, Ltd.
34,000
14,133
Petroasian Energy Holdings, Ltd. (I)
44,000
2,203
Poly Hong Kong Investment, Ltd.
11,000
10,383
Ports Design, Ltd.
2,500
5,774
SA SA International Holdings, Ltd.
24,000
12,234
Shanghai Industrial Holdings, Ltd.
4,000
15,347
Lijun International
Mingfa Group International Co Ltdmingfa
Group International
Mingyuan Medicare
98
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Hong Kong (continued)
Shangri-La Asia, Ltd.
10,833
Shenzhen International Holdings, Ltd.
45,000
$
27,624
3,874
Shenzhen Investment, Ltd.
44,000
14,643
Enterprises Company, Ltd. (I)
12,000
1,632
Shun Tak Holdings, Ltd.
12,000
6,596
Singamas Container Holdings, Ltd. (I)
32,000
13,345
Sino Biopharmaceutical, Ltd.
96,000
35,740
Sino Land Company, Ltd.
24,068
42,957
100,000
4,104
190,000
10,701
Chemical International, Ltd. (I)
19,205
1,633
Sino-Forest Corp. (I)
1,700
44,363
Sino-Ocean Land Holdings, Ltd.
31,596
19,677
Sinofert Holdings, Ltd. (I)
34,000
14,730
Sinolink Worldwide Holdings, Ltd.
58,000
6,962
Sinotruk Hong Kong, Ltd.
3,000
2,562
SJM Holdings, Ltd.
15,000
26,398
Skyworth Digital Holdings, Ltd.
6,000
3,393
Soho China, Ltd.
15,000
12,876
Star Cruises, Ltd. (I)
54,000
22,134
Stella International Holdings, Ltd.
4,000
8,930
Sun Hung Kai Properties, Ltd.
8,000
126,454
Timber Company, Ltd. (I)
89,000
3,835
TAI Cheung Holdings, Ltd.
14,000
10,423
TCC International Holdings, Ltd.
10,000
5,007
Technology Holdings, Ltd.
10,000
9,601
TCL Multimedia Technology Holdings, Ltd.
12,000
3,512
Techtronic Industries Company, Ltd.
11,000
15,237
Television Broadcasting Company, Ltd.
3,000
17,625
Texhong Textile Group, Ltd.
12,000
11,017
Texwinca Holdings, Ltd.
12,000
12,716
The Hongkong & Shanghai Hotels, Ltd.
8,182
15,041
Tian An China Investment, Ltd.
12,000
7,469
Transport International Holdings, Ltd.
2,800
8,648
United Laboratories, Ltd.
6,000
10,780
Shougang Concord International
Sino Oil And Gas Holdings Ltdsino Oil And
Gas Holdings Lt (I)
Sino Prosper State Gold
Resources Holdings Ltd. (I)
Sino Union Petroleum &
Superb Summit International
TCL Communication
Value Partners Group, Ltd.
11,000
10,406
Vitasoy International Holdings, Ltd.
12,000
9,866
Vodone Ltdvodone Ltd.
28,000
9,016
VTech Holdings, Ltd.
2,000
22,659
Wharf Holdings, Ltd.
9,000
62,302
Wheelock and Company, Ltd.
8,000
30,058
Wing Hang Bank, Ltd.
1,500
17,765
Wing On Company International, Ltd.
4,000
8,399
Xinyi Glass Holdings Company, Ltd.
14,000
14,549
Yingde Gases Group Co. (I)
9,000
7,533
Yue Yuen Industrial Holdings, Ltd.
7,000
22,193
Yuexiu Property Company, Ltd. (I)
62,949
13,980
3,785,261
Hungary - 0.06%
Egis Gyogyszergyar
93
9,879
Magyar Telekom Telecommunications PLC
1,300
20,319
MOL Magyar Olaj & Gazipari (I)
561
71,627
OTP Bank PLC (I)
2,723
80,625
Richter Gedeon
147
30,537
212,987
India - 0.67%
ABB, Ltd.
467
8,206
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
India (continued)
ACC, Ltd.
460
$
11,123
Adani Enterprises, Ltd.
790
11,787
Adani Power, Ltd. (I)
2,080
5,272
Aditya Birla Nuvo, Ltd.
491
9,025
Allahabad Bank
1,093
5,668
Alok Industries, Ltd.
13,895
6,901
Ambuja Cements, Ltd.
4,724
15,492
Amtek Auto, Ltd.
2,715
9,057
Apollo Hospitals Enterprise, Ltd.
1,126
11,973
Ashok Leyland, Ltd.
1,656
2,117
Asian Paints, Ltd.
192
10,925
Axis Bank, Ltd.
1,254
39,514
Bajaj Auto, Ltd.
482
15,794
Bajaj Holdings and Investment, Ltd.
665
11,795
Balrampur Chini Mills, Ltd. (I)
5,350
8,403
Bank of India
845
8,976
BEML, Ltd.
572
8,861
BGR Energy Systems, Ltd.
542
5,800
Bharat Electronics, Ltd.
204
7,758
Bharat Heavy Electricals, Ltd.
439
20,249
Bharat Petroleum Corp., Ltd.
635
8,671
Bharti Telecom, Ltd. (I)
6,017
48,226
Bhushan Steel, Ltd.
1,150
11,248
Biocon, Ltd.
1,434
11,048
Bombay Rayon Fashions, Ltd.
411
2,373
Bosch, Ltd.
79
11,831
Britannia Industries, Ltd.
975
8,133
Cadila Healthcare, Ltd.
793
14,063
Cairn India, Ltd. (I)
1,480
11,602
Canara Bank
847
11,885
Cesc, Ltd.
886
6,208
Ltdchennai Petroleum Corp. Ltd.
742
3,718
Cipla, Ltd.
3,066
22,296
Colgate-Palmolive India, Ltd.
468
8,579
Container Corporation of India, Ltd.
286
7,662
Coromandel Fertilisers, Ltd. (I)
62
396
Crisil, Ltd.
19
2,728
Crompton Greaves, Ltd.
1,545
9,512
Cummins India, Ltd.
861
13,622
Dabur India, Ltd.
4,276
9,235
Dewan Housing Finance Corp. Ltd.
1,398
8,352
Dish Tv India Ltddish Tv India Ltd. (I)
3,527
5,278
Divi’s Laboratories, Ltd.
640
9,665
DLF, Ltd.
2,243
13,647
Dr. Reddy’s Laboratories, Ltd., ADR
900
33,570
Educomp Solutions, Ltd.
690
6,504
EID Parry India, Ltd.
2,000
9,715
Essar Oil Ltd (I)
3,444
9,630
Essar Shipping Ports & Logistics, Ltd. (I)
4,543
9,608
Exide Industries, Ltd.
3,342
10,731
Federal Bank, Ltd.
3,403
31,977
Financial Technologies India, Ltd.
236
4,649
GAIL India, Ltd.
2,673
27,509
Gammon India, Ltd.
1,883
4,937
Geodesic, Ltd.
2,978
5,177
Gillette India, Ltd.
248
9,886
GlaxoSmithKline Pharmaceuticals, Ltd.
235
10,622
Glenmark Pharmaceuticals, Ltd.
334
2,114
Godrej Consumer Products, Ltd.
1,452
11,898
Grasim Industries, Ltd.
106
6,130
Great Eastern Shipping Company, Ltd.
515
3,034
GTL, Ltd.
434
4,029
Gujarat State Petronet, Ltd.
3,893
8,642
Gvk Power & Infrastructure, Ltd. (I)
6,734
3,928
Chennai Petroleum Corp.
99
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
India (continued)
HCL Infosystems, Ltd.
2,958
HCL Technologies, Ltd.
1,025
$
6,804
11,053
HDFC Bank, Ltd.
466
24,527
HDFC Bank, Ltd., ADR
300
50,982
Hero Honda Motors, Ltd.
572
20,520
Hexaware Technologies, Ltd.
7,460
10,973
Hindalco Industries, Ltd.
7,917
37,119
Hindustan Construction Company, Ltd.
4,756
3,871
Hindustan Petroleum Corp. Ltd.
939
7,478
Hindustan Unilever, Ltd.
1,743
11,125
& Infrastructure, Ltd. (I)
1,200
4,821
ICICI Bank, Ltd., SADR
2,200
109,626
Idea Cellular, Ltd. (I)
7,689
11,702
India Cements, Ltd.
2,973
6,392
Indiabulls Real Estate, Ltd. (I)
4,034
11,392
Indian Bank
736
3,841
Indian Hotels Company, Ltd.
1,727
3,286
Indian Oil Corp. Ltd.
2,260
16,798
IndusInd Bank, Ltd.
2,263
13,372
Industrial Development Bank of India, Ltd.
2,292
7,312
Infosys Technologies, Ltd.
338
24,527
Infosys Technologies, Ltd., ADR
1,300
93,210
Finance Company, Ltd.
5,962
20,628
IRB Infrastructure Developers, Ltd.
1,495
7,125
ITC, Ltd.
9,946
40,712
IVRCL Infrastructures & Projects, Ltd.
6,650
12,199
Jagran Prakashan, Ltd.
329
937
Jain Irrigation Systems, Ltd.
1,975
7,908
Jaiprakash Associates, Ltd.
3,873
8,098
Jaiprakash Power Ventures, Ltd. (I)
5,500
5,220
Jindal Steel & Power, Ltd.
2,802
43,591
JSW Steel, Ltd.
366
7,533
Jubilant Life Sciences, Ltd.
59
225
Jubilant Organosys, Ltd.
1,184
4,640
Karnataka Bank, Ltd.
259
626
Kotak Mahindra Bank, Ltd.
1,518
15,586
Lanco Infratech, Ltd. (I)
6,722
5,993
Larsen & Toubro, Ltd.
832
30,905
LIC Housing Finance, Ltd.
5,385
27,149
Lupin, Ltd.
519
4,871
Mahanagar Telephone Nigam, Ltd. (I)
5,982
6,206
Mahindra & Mahindra Financial Services, Ltd.
237
4,115
Mahindra & Mahindra, Ltd.
2,490
39,015
Maruti Suzuki India, Ltd.
284
8,070
MAX India, Ltd. (I)
1,717
6,133
Moser Baer India, Ltd.
3,670
3,402
Housing Development
Infrastructure Development
Motherson Sumi Systems, Ltd.
2,741
13,175
Mphasis, Ltd.
1,558
14,513
Mundra Port and Special Economic Zone, Ltd.
4,100
12,546
Nagarjuna Construction Company, Ltd.
1,391
3,150
National Aluminium Company, Ltd.
4,484
9,639
National Hydroelectric Power Corp. Ltd.
9,831
5,601
NTPC, Ltd.
3,414
14,726
Oil & Natural Gas Corp., Ltd.
4,884
31,686
Oil India, Ltd.
111
3,319
Oracle Financial Services Software, Ltd. (I)
194
8,686
Oriental Bank of Commerce
416
3,641
Patni Computer Systems, Ltd., ADR
300
6,252
Petronet LNG, Ltd.
3,414
9,238
Pidilite Industries, Ltd.
3,726
12,387
Piramal Healthcare, Ltd.
482
4,492
Power Finance Corp. Ltd.
2,196
12,343
Power Grid Corp. of India Ltd.
7,026
15,900
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
India (continued)
Procter & Gamble Hygiene &
Health Care, Ltd.
193
$
8,251
PTC India, Ltd.
2,981
5,638
Punj Lloyd, Ltd.
1,401
2,042
Ranbaxy Laboratories, Ltd.
764
7,631
Reliance Capital, Ltd.
1,234
16,185
Reliance Communications, Ltd.
3,426
8,285
Reliance Industries, Ltd.
7,383
173,572
Reliance Infrastructure, Ltd.
523
8,233
Reliance Power, Ltd. (I)
5,453
16,014
Rolta India, Ltd.
3,026
9,411
Ruchi Soya Industries, Ltd.
3,000
7,092
Rural Electrification Corp. Ltd.
3,171
18,008
Satyam Computer Services, Ltd. (I)
3,019
4,431
Sesa Goa, Ltd.
2,752
18,060
Shree Ashtavinyak Cine Vision, Ltd.
9,206
1,322
Shree Cement, Ltd.
199
9,256
Shriram Transport Finance Company
782
14,011
Siemens India, Ltd.
576
11,381
Sobha Developers, Ltd.
1,142
7,560
State Bank of India
396
24,492
Steel Authority of India, Ltd.
3,771
14,347
Sterling Biotech, Ltd.
2,768
5,822
Sterlite Industries India Ltd
4,944
19,227
Sterlite Industries India, Ltd., ADR
1,100
16,984
Strides Arcolab, Ltd.
487
4,047
Sun Pharmaceutical Industries, Ltd.
1,755
17,258
Sun TV Network, Ltd.
1,006
9,908
Suzlon Energy, Ltd. (I)
941
937
Tanla Solutions, Ltd.
2,423
910
Tata Chemicals, Ltd.
1,092
8,354
Tata Communications, Ltd. (I)
396
2,123
Tata Consultancy Services, Ltd.
2,054
54,357
Tata Motors, Ltd., SADR
800
22,232
Tata Power Company, Ltd.
428
12,766
Tata Steel, Ltd.
2,299
32,008
Tata Tea, Ltd.
3,900
8,610
Tech Mahindra, Ltd.
391
5,897
Titan Industries, Ltd.
216
18,518
Torrent Power, Ltd.
1,000
5,617
Ultratech Cement, Ltd.
431
10,855
Unitech, Ltd.
4,300
3,891
United Phosphorus, Ltd.
3,143
10,636
United Spirits, Ltd.
763
18,121
Usha Martin, Ltd.
4,856
6,206
Videocon Industries, Ltd. (I)
482
2,073
Voltas, Ltd.
1,873
7,704
Welspun-Gujarat Stahl, Ltd. (I)
1,168
5,400
Wipro, Ltd.
661
7,045
Wipro, Ltd., ADR (L)
1,666
24,407
Wockhardt, Ltd. (I)
1,455
10,509
Yes Bank, Ltd.
1,666
11,557
Zee Entertainment Enterprises, Ltd.
5,688
15,666
Zee Learn, Ltd. (I)
711
370
2,457,113
Indonesia - 0.21%
Adaro Energy Tbk PT
42,500
10,680
AKR Corporindo Tbk PT
55,000
9,272
Aneka Tambang Tbk PT
15,000
3,954
Astra Agro Lestari Tbk PT
2,000
5,205
Astra International Tbk PT
11,500
75,151
Bakrie & Brothers Tbk PT (I)
1,496,000
10,968
Bakrie Sumatera Plantations Tbk PT
124,000
5,118
Bakrie Telecom Tbk PT (I)
471,000
19,241
100
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
COMMON STOCKS (continued)
Indonesia (continued)
Value
Bakrieland Development Tbk PT
550,000
Bank Central Asia Tbk PT
60,000
$
8,859
47,800
Bank Danamon Indonesia Tbk PT
28,995
21,783
Bank Mandiri Tbk PT
37,228
29,157
Bank Negara Indonesia Persero Tbk PT
11,598
5,289
Bank Pan Indonesia Tbk PT (I)
104,500
13,903
Bank Permata Tbk PT (I)
6,000
1,268
Bank Rakyat Indonesia Tbk PT
59,000
38,876
Bank Tabungan Pensiunan Nasional Tbk PT (I)
7,500
2,157
Barito Pacific Tbk PT (I)
49,500
5,465
Bisi International PT (I)
47,500
9,442
Bumi Resources Tbk PT
163,500
62,775
Ciputra Development Tbk PT (I)
228,500
9,697
Energi Mega Persada Tbk PT (I)
760,500
11,154
Global Mediacom Tbk PT
52,500
5,055
Gudang Garam Tbk PT
5,000
24,099
Holcim Indonesia Tbk PT (I)
42,000
9,753
Indah Kiat Pulp and Paper Corp. Tbk PT (I)
38,500
7,507
Indo Tambangraya Megah PT
500
2,648
Indocement Tunggal Prakarsa Tbk PT
10,500
19,687
Indofood Sukses Makmur Tbk PT
31,000
19,197
Indosat Tbk PT, ADR (L)
131
3,964
International Nickel Indonesia Tbk PT
24,000
13,133
Japfa Comfeed Indonesia Tbk PT
4,000
1,584
Jasa Marga PT
36,000
14,040
Kalbe Farma Tbk PT
51,500
20,086
Lippo Karawaci Tbk PT
62,500
4,387
Medco Energi Internasional Tbk PT
35,000
11,537
Perusahaan Gas Negara Tbk PT
41,000
18,333
Indonesia Tbk PT
45,000
11,767
PT Telekomunikiasi Indonesia Tbk PT, SADR
1,100
36,938
Ramayana Lestari Sentosa Tbk PT
106,000
9,220
Sampoerna Agro PT
18,000
6,774
Semen Gresik Persero Tbk PT
18,500
19,339
Summarecon Agung Tbk PT
24,500
3,267
Surya Citra Media Tbk PT
15,000
6,981
Tambang Batubara Bukit Asam Tbk PT (I)
5,000
12,043
Timah Tbk PT
35,500
11,293
TMayora Indah Tbk P
5,000
6,490
Trada Maritime Tbk Pt
141,500
9,592
Unilever Indonesia Tbk PT
14,000
24,585
United Tractors Tbk PT
10,750
26,803
Perusahaan Perkebunan London Sumatra
767,316
Ireland - 0.25%
Accenture PLC, Class A
4,300
236,371
Allied Irish Banks PLC, SADR (I)
200
480
Anglo Irish Bank Corp. PLC (I)
3,621
0
Bank of Ireland
2,000
3,500
C&C Group PLC
286
1,294
C&C Group PLC - London Exchange
1,096
4,928
Covidien PLC
2,571
133,538
CRH PLC
5,638
130,914
DCC PLC
1,040
33,154
Elan Corp. PLC (I)
3,100
21,328
Experian PLC
5,311
65,787
FBD Holdings PLC (I)
77
791
Glanbia PLC (Dublin Exchange) (I)
1,295
7,796
Global Indemnity PLC (I)
450
9,891
Grafton Group PLC
1,533
7,211
Greencore Group PLC
532
889
Ingersoll-Rand PLC
3,100
149,761
Kerry Group PLC
1,026
38,196
Kingspan Group PLC (I)
1,864
16,678
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Ireland (continued)
Paddy Power PLC
155
$
6,788
United Drug PLC
3,962
12,901
Warner Chilcott PLC, Class A
1,600
37,248
919,444
Israel - 0.15%
Africa Israel Investments, Ltd. (I)
713
6,176
Bank Hapoalim, Ltd. (I)
7,512
39,023
Bank Leumi Le-Israel, Ltd.
8,417
43,045
Bezek Israeli Telecommunications Corp., Ltd.
10,197
30,201
Cellcom Israel, Ltd.
473
15,523
Clal Industries & Investments, Ltd.
576
4,328
Clal Insurance Enterprise Holdings, Ltd.
217
6,371
Elbit Systems, Ltd.
300
16,551
Frutarom Industries, Ltd.
570
6,057
Given Imaging, Ltd. (I)
283
5,453
Israel Chemicals, Ltd.
2,306
37,897
Israel Discount Bank, Ltd. (I)
494
1,041
Makhteshim-Agan Industries, Ltd. (I)
1,399
7,393
Mellanox Technologies, Ltd. (I)
228
5,710
Menorah Mivtachim Holdings, Ltd. (I)
45
613
Migdal Insurance Holdings, Ltd.
3,100
5,789
Mizrahi Tefahot Bank, Ltd.
1,337
15,082
NICE Systems, Ltd., SADR (I)
600
22,164
Ormat Industries, Ltd.
811
5,983
Partner Communications Company, Ltd., ADR
700
13,307
Paz Oil Company, Ltd.
59
11,053
Retalix, Ltd. (I)
527
7,567
Shikun & Binu, Ltd.
842
2,452
Super-Sol, Ltd.
1,097
6,774
Teva Pharmaceutical Industries, Ltd., SADR
4,753
238,458
Tower Semiconductor, Ltd. (I)
2,276
3,118
557,129
Italy - 0.57%
A2A SpA
9,798
15,885
ACEA SpA (I)
1,055
12,446
Acegas-APS SpA
800
4,364
Amplifon SpA
619
3,761
Ansaldo STS SpA
410
6,008
Assicurazioni Generali SpA
4,981
107,889
Astaldi SpA
1,584
13,082
Autogrill SpA (I)
1,195
16,818
Autostrade SpA
1,216
27,881
Azimut Holding SpA
1,451
16,212
Banca Carige SpA (I)
7,025
16,639
Banca Intermobiliare SpA (I)
2,375
14,257
Banca Monte dei Paschi di Siena SpA (I)
13,824
17,257
Banca Popolare Dell’emilia Romagna SCRL
946
11,398
Lazio SpA (I)
1,132
4,926
Banca Popolare di Milano SpA (L)
3,194
12,010
Banca Popolare di Sondrio SCRL
1,955
16,624
Banche Popolari Unite SpA
4,010
34,316
Banco di Desio e della Brianza SpA
669
3,641
Banco Popolare Societa Cooperativa
3,700
11,039
Benetton Group SpA (I)
867
6,505
Bulgari SpA
1,321
22,887
Buzzi Unicem SpA
1,110
16,162
Caltagirone Editore SpA
265
671
Cementir SpA
447
1,334
CIR-Compagnie Industriali Riunite SpA (I)
2,773
6,230
Credito Artigiano SpA
655
1,307
Credito Bergamasco SpA
157
5,213
Credito Emiliano SpA
637
4,181
Banca Popolare dell’Etruria e del
101
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Italy (continued)
Danieli & C Officine Meccaniche SpA
270
Datalogic Spa
499
$
8,199
4,275
Davide Campari Milano SpA
2,064
13,975
DiaSorin SpA
185
8,141
Enel SpA
25,513
160,810
ENI SpA, SADR
5,500
270,215
ERG SpA
259
3,680
Fiat Industrial SpA (I)
4,623
66,300
Fiat SpA
4,623
41,892
Finmeccanica SpA
2,411
30,369
Fondiaria-Sai SpA
869
7,212
Gemina SpA (I)
17,011
15,747
Geox SpA
1,356
8,534
Gruppo Coin SpA (I)
986
9,741
Gruppo Editoriale L’Espresso SpA (I)
2,310
6,305
Hera SpA
6,946
16,625
Immsi SpA (L)
4,536
5,390
Impregilo SpA (I)
4,555
15,204
Interpump SpA (I)
762
6,465
Intesa Sanpaolo SpA
33,833
100,177
Iren SpA
1,525
2,839
Italcementi SpA
699
7,145
Lottomatica SpA
439
7,914
Luxottica Group SpA
390
12,752
Luxottica Group SpA
400
13,112
Maire Tecnimont SpA
5,517
22,699
Mediaset SpA
4,833
30,739
Mediobanca SpA
2,815
28,812
Mediolanum SpA
1,091
5,868
Milano Assicurazioni SpA (I)
1,886
2,439
Mondadori (Arnoldo) Editore SpA (I)
2,250
8,781
Parmalat SpA (I)
14,950
50,123
Piccolo Credito Valtellinese SCRL
2,715
12,993
Pirelli & Company SpA
2,380
20,916
Prelios SpA (I)
2,380
1,856
Prysmian SpA
1,626
34,887
Recordati SpA
1,275
12,820
Safilo Group SpA (I)
447
8,023
Saipem SpA
1,253
66,547
Saras SpA (I)
2,835
7,344
Seat Pagine Gialle SpA (I)
662
65
Snai SpA (I)
346
1,201
Snam Rete Gas SpA
6,994
39,330
Societa’ Cattolica di Assicurazioni SCRL
635
17,175
Sorin SpA (I)
7,397
20,666
Telecom Italia SpA
66,213
101,961
Terna Rete Elettrica Nazionale SpA
10,246
49,091
Tiscali SpA (I)
46,781
5,053
Tod’s SpA
254
29,960
UniCredit Italiano SpA
92,840
229,607
Unipol Gruppo Finanziario SpA, ADR
8,796
6,334
Vianini Lavori SpA
357
2,252
2,091,503
Japan - 4.07%
ABC-MART, Inc.
100
3,637
Adeka Corp.
1,400
13,650
Advantest Corp.
500
9,005
AEON Company, Ltd.
3,500
40,563
Aica Kogyo Company, Ltd.
1,100
14,289
Aichi Bank, Ltd.
100
6,227
Aida Engineering, Ltd.
1,000
4,496
Aiphone Company, Ltd.
400
6,665
Air Water, Inc.
1,000
12,072
Aisin Seiki Company, Ltd.
900
31,248
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Japan (continued)
Ajinomoto Company, Inc.
5,000
Akita Bank, Ltd.
3,000
$
51,593
9,616
Alfresa Holdings Corp.
400
15,364
All Nippon Airways Company, Ltd.
3,000
8,944
Alpine Electronics, Inc.
900
10,095
Alps Electric Company, Ltd.
3,000
28,817
Amada Company, Ltd.
3,000
25,030
Anritsu Corp.
1,000
7,610
Aomori Bank, Ltd.
1,000
3,066
Aoyama Trading Company, Ltd.
900
14,245
Aozora Bank, Ltd. (L)
7,000
15,821
Arakawa Chemical Industries, Ltd.
600
5,869
Arcs Company, Ltd.
500
7,483
Ariake Japan Company, Ltd.
500
8,247
Asahi Breweries, Ltd.
2,100
34,916
Asahi Glass Company, Ltd.
2,000
25,150
Asahi Holdings, Inc.
500
10,171
Asahi Kasei Corp.
10,000
66,478
Industry Company, Ltd.
3,000
8,331
ASATSU-DK, Inc.
200
5,357
Asics Corp.
1,000
13,369
ASKUL Corp.
400
5,674
Astellas Pharma, Inc.
2,100
77,435
Asunaro Aoki Construction Company, Ltd.
1,000
5,735
Atom Corp. (I)
2,500
7,304
Autobacs Seven Company, Ltd.
300
11,397
Avex Group Holdings, Inc.
800
9,752
Awa Bank, Ltd.
2,000
12,142
Bando Chemical Industries, Ltd.
1,000
4,592
Bank of Kyoto, Ltd.
3,000
26,545
Bank of Saga, Ltd.
3,000
8,440
Bank of the Ryukyus, Ltd.
900
10,142
Bank of Yokohama, Ltd.
9,000
42,739
Benesse Holdings, Inc.
400
16,374
Best Denki Company, Ltd. (I)
500
1,368
Bridgestone Corp.
2,800
58,225
Brother Industries, Ltd.
2,200
32,320
Bunka Shutter Company, Ltd.
2,000
6,082
Canon Electronics, Inc.
200
5,406
Canon Sales Company, Inc.
700
8,617
CANON, Inc.
3,600
156,060
Capcom Company, Ltd.
300
5,735
Asahi Organic Chemicals
Casio Computer Company, Ltd.
2,000
15,821
Cawachi, Ltd.
400
7,532
Central Glass Company, Ltd.
3,000
12,082
Central Japan Railway Company, Ltd.
6
47,535
Chiba Bank, Ltd.
5,000
28,012
Chiyoda Company, Ltd.
200
2,532
Chiyoda Corp.
2,000
18,322
Chofu Seisakusho Company, Ltd.
400
10,026
Chubu Electric Power Company, Inc.
2,900
64,499
Chugai Pharmaceutical Company, Ltd.
900
15,494
Chugai Ro Company, Ltd.
1,000
4,436
Chugoku Bank, Ltd.
2,000
22,698
Chugoku Electric Power Company, Inc.
1,300
24,037
Chuo Mitsui Trust Holdings, Inc.
7,000
24,826
Circle K Sunkus Company, Ltd.
300
4,534
Citizen Watch Company, Ltd.
3,500
20,155
Coca-Cola West Japan Company, Ltd.
200
3,774
Colowide Company, Ltd.
1,500
7,772
COMSYS Holdings Corp.
1,200
12,100
Cosmo Oil Company, Ltd.
4,000
12,455
Credit Saison Company, Ltd.
1,800
28,954
CSK Corp. (I)
500
1,521
102
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Japan (continued)
Dai Nippon Printing Company, Ltd.
3,000
Daicel Chemical Industries, Ltd.
2,000
$
36,535
12,335
Daido Steel Company, Ltd.
4,000
22,746
Daifuku Company, Ltd.
1,500
10,892
Daihatsu Motor Company, Ltd.
1,000
14,571
Daiichi Sankyo Company, Ltd.
3,500
67,576
Daikin Industries, Ltd.
1,000
29,947
Daikokutenbussan Company, Ltd
300
9,511
Daikyo, Inc. (I)
1,000
1,551
1,000
4,809
Manufacturing Company, Ltd.
2,000
20,700
Dainippon Sumitomo Pharma Company, Ltd.
1,000
9,317
Dainichiseika Color & Chemicals
Manufacturing Company, Ltd.
Dainippon Screen
Daio Paper Corp.
1,000
7,670
Daisan Bank, Ltd.
1,000
2,585
Daiseki Company, Ltd.
500
9,762
Daishi Bank, Ltd.
3,000
9,819
Daito Trust Construction Company, Ltd.
500
34,087
Daiwa House Industry Company, Ltd.
4,000
48,854
Daiwa Securities Group, Inc.
10,000
45,925
Daiwabo Holdings Company, Ltd.
5,000
10,260
DCM Japan Holdings Company, Ltd.
1,400
8,466
Dena Company, Ltd.
300
10,838
Denki Kagaku Kogyo Kabushiki Kaisha
5,000
24,645
Denki Kogyo Company, Ltd.
3,000
16,198
Denso Corp.
2,100
69,680
Dentsu, Inc.
400
10,229
Descente, Ltd.
2,000
8,986
Disco Corp.
100
6,763
Don Quijote Company, Ltd.
200
6,263
Doshisha Company, Ltd.
300
5,962
Doutor Nichires Holdings Company, Ltd.
700
8,458
Dowa Holdings Company, Ltd.
2,000
12,455
DTS Corp.
900
8,926
Duskin Company, Ltd.
600
11,079
Dydo Drinco, Inc.
100
3,889
E-Access, Ltd. (L)
18
9,889
Earth Chemical Company, Ltd.
300
10,037
East Japan Railway Company
1,500
82,426
Ebara Corp.
4,000
21,377
EDION Corp.
500
4,206
Ehime Bank, Ltd.
1,000
2,800
Eisai Company, Ltd.
900
32,287
Eizo Nanao Corp.
100
2,349
Electric Power Development Company, Ltd.
900
27,721
Elpida Memory, Inc. (I)
1,800
23,176
EPS Company, Ltd.
2
4,648
Exedy Corp.
200
6,006
Ezaki Glico Company, Ltd.
1,000
11,524
FamilyMart Company, Ltd.
300
11,171
Fancl Corp.
300
4,202
Fanuc, Ltd.
800
120,257
Fast Retailing Company, Ltd.
200
25,030
FCC Company, Ltd.
500
11,919
FP Corp.
200
10,593
France Bed Holdings Company, Ltd.
5,000
6,221
Fuji Electric Holdings Company, Ltd.
7,000
21,789
Fuji Heavy Industries, Ltd.
5,000
32,219
Fuji Kyuko Company, Ltd.
2,000
10,192
Fuji Oil Company, Ltd.
400
5,242
Fuji Software ABC, Inc.
400
6,382
Fuji Television Network, Inc.
5
6,997
FUJIFILM Holdings Corp.
2,900
89,810
Fujikura, Ltd.
4,000
19,428
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Japan (continued)
Fujitec Company, Ltd.
1,000
$
5,302
Fujitsu, Ltd.
8,000
45,203
Fukui Bank, Ltd.
2,000
6,219
Fukuoka Financial Group, Inc.
8,000
33,277
Fukuyama Transporting Company, Ltd.
3,000
14,408
Furukawa Company, Ltd. (I)
3,000
3,102
Furukawa Electric Company, Ltd.
4,000
16,158
Futaba Corp.
600
11,534
Futaba Industrial Company, Ltd. (I)
400
2,227
Glory, Ltd.
500
10,930
Godo Steel, Ltd.
3,000
7,502
Goldcrest Company, Ltd.
170
3,335
Green Hospital Supply, Inc.
1,000
12,587
GS Yuasa Corp.
2,000
13,296
Gunma Bank
4,000
21,207
H20 Retailing Corp.
1,000
6,768
Hakuhodo DY Holdings, Inc.
210
10,947
Hamamatsu Photonics KK
500
19,806
Hankyu Hanshin Holdings, Inc.
5,000
23,082
Hanwa Company, Ltd.
2,000
8,848
Harashin Narus Holdings Company, Ltd.
400
6,290
Haseko Corp. (I)
7,000
5,327
Heiwa Corp.
700
10,839
Heiwa Real Estate Company, Ltd.
3,500
8,079
Higashi-Nippon Bank, Ltd.
3,000
6,492
Higo Bank, Ltd.
2,000
11,157
Hikari Tsushin, Inc.
400
7,819
Hirose Electric Company, Ltd.
200
21,353
HIS Company, Ltd.
400
8,119
Hisamitsu Pharmaceutical Company, Inc.
300
12,100
Hitachi High-Technologies Corp.
800
15,956
Hitachi Koki Company, Ltd.
800
7,685
Hitachi Kokusai Electric, Inc.
1,000
7,923
Hitachi Metals, Ltd.
1,000
12,599
Hitachi Tool Engineering, Ltd.
800
8,661
Hitachi Transport System, Ltd.
700
9,719
Hitachi Zosen Corp.
7,500
10,549
Hitachi, Ltd. (L)
1,900
98,097
Hogy Medical Company, Ltd.
100
4,280
Hokkaido Electric Power Company, Inc.
900
17,453
Hokuetsu Bank, Ltd.
5,000
11,421
Hokuhoku Financial Group, Inc.
10,000
19,476
Hokuriku Electric Power Company
900
20,268
Honda Motor Company, Ltd.
6,500
243,316
Hosiden Corp.
1,100
11,175
House Food Corp.
200
3,254
Hoya Corp.
1,700
38,791
Hulic Company, Ltd.
600
5,215
Hyakujushi Bank, Ltd.
2,000
7,526
Ibiden Company, Ltd.
900
28,232
IBJ Leasing Company, Ltd.
200
4,809
Ichiyoshi Securities Company, Ltd.
1,100
7,472
ICOM, Inc.
300
8,768
Idemitsu Kosan Company, Ltd.
200
23,419
Iida Home Max
400
3,684
Iino Kaiun Kaisha, Ltd.
1,300
7,020
Inaba Denki Sangyo Company, Ltd.
400
11,313
Inabata & Company, Ltd.
1,600
9,810
Inageya Company, Ltd.
1,000
10,472
Inpex Corp.
8
60,181
Internet Initiative Japan, Inc.
3
8,859
Iseki & Company, Ltd. (I)
3,000
6,839
Isetan Mitsukoshi Holdings, Ltd.
3,500
31,516
9,000
21,644
Ishikawajima-Harima Heavy
Industries Company, Ltd.
103
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Japan (continued)
Isuzu Motors, Ltd.
8,000
IT Holdings Corp.
300
$
31,642
3,138
ITO EN, Ltd.
400
6,916
Itochu Corp.
7,000
73,299
Itochu Techno-Science Corp.
400
12,766
Iyo Bank, Ltd.
2,000
16,663
Izumi Company, Ltd.
700
9,850
Izumiya Company, Ltd.
1,000
4,448
J Front Retailing Company, Ltd.
5,000
20,798
Jalux, Inc.
500
4,899
Japan Aviation Electronics Industry, Ltd.
1,000
6,949
Japan Petroleum Exploration Company, Ltd.
200
10,002
Japan Pulp & Paper Company, Ltd.
1,000
3,763
Japan Tobacco, Inc.
19
68,000
Japan Wool Textile Company, Ltd.
1,000
8,426
Jeol, Ltd.
1,000
2,909
JFE Holdings, Inc.
2,300
67,302
JGC Corp.
1,000
23,246
Joshin Denki Company, Ltd.
1,000
9,585
Joyo Bank, Ltd.
5,000
19,430
JS Group Corp.
2,600
67,516
JSR Corp.
1,300
25,719
Juki Corp. (I)
1,000
2,214
Juroku Bank, Ltd.
3,000
9,846
JVC KENWOOD Holdings, Ltd. (I)
1,800
8,640
JX Holdings, Inc.
17,990
121,116
K’s Holding Corp.
600
17,312
kabu.com Securities Company, Ltd.
1,400
4,780
Kagome Company, Ltd.
200
3,519
Kagoshima Bank, Ltd.
2,000
13,537
Kajima Corp.
5,000
13,979
Kakaku.com, Inc.
2
11,071
Kaken Pharmaceutical Company, Ltd.
1,000
11,950
Kameda Seika Company, Ltd.
400
6,684
Kamigumi Company, Ltd.
3,000
25,643
Kaneka Corp.
3,000
20,882
Kanematsu Corp. (I)
9,000
8,981
Kansai Electric Power Company, Ltd.
2,700
58,443
Kansai Paint Company, Ltd.
2,000
17,168
Kanto Denka Kogyo Company, Ltd.
1,000
7,430
Kao Corp.
2,000
49,892
Kappa Create Company, Ltd.
350
6,598
Katakura Industries Company, Ltd.
700
6,640
Kawasaki Heavy Industries, Ltd.
9,000
39,601
Kawasaki Kisen Kaisha, Ltd.
5,000
18,454
Kayaba Industry Company, Ltd.
2,000
16,086
KDDI Corp.
11
67,511
Keihan Electric Railway Company, Ltd.
5,000
20,979
Keihin Corp.
300
5,610
Railway Company, Ltd.
2,000
14,257
Keio Corp.
4,000
23,900
Keisei Electric Railway Company, Ltd.
2,000
11,469
Keiyo Bank, Ltd.
2,000
10,002
Kenedix, Inc. (I)
4
809
KEY Coffee, Inc.
300
5,238
Keyence Corp.
200
50,702
Kikkoman Corp.
2,000
18,851
Kinden Corp.
1,000
9,101
Kintetsu Corp. (L)
6,000
19,211
Kintetsu World Express, Inc.
100
3,109
Kirin Holdings Company, Ltd.
4,000
52,561
Kisoji Company, Ltd.
400
8,113
Kissei Pharmaceutical Company, Ltd.
1,000
18,755
Kita-Nippon Bank, Ltd.
100
2,450
Keihin Electric Express
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Japan (continued)
Kitz Corp.
1,000
Kiyo Holdings, Inc.
11,000
$
4,809
15,340
Koa Corp.
800
9,002
Kobayashi Pharmaceutical Company, Ltd.
200
9,197
Kobe Steel Company, Ltd.
24,000
61,485
Kohnan Shoji Company, Ltd.
300
3,997
Koito Manufacturing Company, Ltd.
1,000
16,025
Kokuyo Company, Ltd.
500
3,795
Komatsu, Ltd.
3,700
124,857
Komeri Company, Ltd.
400
10,171
Komori Corp.
700
6,522
Konami Corp.
600
10,937
Konica Minolta Holdings, Inc.
2,500
20,949
Kose Corp.
200
4,937
Koyo Seiko Company, Ltd.
1,800
23,162
Kubota Corp.
4,000
37,325
Kurabo Industries, Ltd.
3,000
5,420
Kuraray Company, Ltd.
2,500
32,219
Kureha Corp.
1,000
4,640
Kurita Water Industries, Ltd.
700
20,694
Kuroda Electric Company, Ltd.
300
3,733
Kyocera Corp.
800
80,680
Kyorin Company, Ltd.
1,000
17,023
Kyowa Exeo Corp.
1,000
9,998
Kyowa Hakko Kogyo Company, Ltd.
2,000
18,755
Kyushu Electric Power Company, Inc.
1,900
37,118
Lawson, Inc.
500
24,104
Leopalace21 Corp. (I)(L)
1,200
1,572
Life Corp.
500
7,417
Lintec Corp.
200
5,686
Lion Corp.
1,000
5,085
Mabuchi Motor Company, Ltd.
200
9,430
Maeda Road Construction Company, Ltd.
1,000
10,255
Makino Milling Machine Company, Ltd.
1,000
8,488
Makita Corp.
700
32,568
Marubeni Corp.
7,000
50,409
Marudai Food Company, Ltd.
2,000
6,225
Maruha Group, Inc.
3,000
4,350
Marui Company, Ltd.
2,800
18,076
Matsui Securities Company, Ltd.
1,600
8,694
Matsushita Electric Industrial Company, Ltd.
9,400
119,562
Matsuya Company, Ltd. (I)
500
2,729
Max Company, Ltd.
1,000
12,218
Mazda Motor Corp. (I)
9,000
19,800
Mediceo Holdings Company, Ltd.
1,600
14,157
Megachips Corp. (I)
600
10,705
Megmilk Snow Brand Company, Ltd.
500
7,652
Meidensha Corp. (L)
2,000
8,896
MEIJI Holdings Company, Ltd.
500
20,107
Meitec Corp.
500
10,002
Mikuni Coca-Cola Bottling Company, Ltd.
1,000
8,861
Minato Bank, Ltd.
6,000
10,748
Minebea Company, Ltd.
2,000
11,036
Miraca Holdings, Inc.
300
11,487
Mirait Holdings Corp.
1,000
8,091
MISUMI Group, Inc.
800
19,861
Mitsubishi Chemical Holdings Corp.
6,000
37,725
Mitsubishi Corp.
5,200
144,347
Mitsubishi Electric Corp.
5,000
58,328
Mitsubishi Estate Company, Ltd.
4,000
67,661
Mitsubishi Gas & Chemicals Company, Inc.
3,000
21,237
Mitsubishi Heavy Industries, Ltd.
18,000
81,807
Mitsubishi Logistics Corp.
1,000
11,181
Mitsubishi Materials Corp.
9,000
30,512
Mitsubishi Motors Corp. (I)
17,000
20,846
104
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Japan (continued)
Mitsubishi Paper Mills, Ltd. (I)
2,000
Mitsubishi Pencil Company, Ltd.
200
$
2,116
3,163
Mitsubishi Steel Manufacturing Company, Ltd.
4,000
12,936
Mitsubishi UFJ Financial Group
73,147
337,683
Mitsuboshi Belting Company, Ltd.
1,000
5,470
Mitsui & Company, Ltd.
2,100
37,642
Mitsui & Company, Ltd., SADR
300
107,850
Mitsui Chemicals, Inc.
6,000
21,207
Shipbuilding Company, Ltd.
9,000
21,532
Mitsui Fudosan Company, Ltd.
3,000
48,707
Mitsui Mining & Smelting Company, Ltd.
7,000
24,321
Mitsui Mining Company, Ltd.
3,500
6,985
Mitsui O.S.K. Lines, Ltd.
4,000
23,034
Mitsui Sumitomo Insurance Group Holdings
2,782
63,346
Mitsui-Soko Company, Ltd.
1,000
3,895
Mitsumi Electric Company, Ltd.
800
10,647
Mitsuuroko Company, Ltd.
1,000
6,336
Miura Company, Ltd.
500
14,998
Mizuho Financial Group, Inc.
79,300
131,563
Mizuho Investors Securities Company, Ltd.
7,000
6,480
Mizuho Trust & Banking Company, Ltd.
9,000
8,115
Mizuno Corp.
1,000
4,221
Mochida Pharmaceutical Company, Ltd.
1,000
11,744
Modec, Inc.
100
1,824
Mori Seiki Company, Ltd.
1,300
15,519
Morinaga Milk Industry Company, Ltd.
3,000
10,607
MOS Food Services, Inc.
500
9,117
Mitsui Engineering &
Moshi Moshi Hotline, Inc.
200
3,734
Murata Manufacturing Company, Ltd.
1,000
72,013
Musashino Bank, Ltd.
500
16,206
Mutow Company, Ltd.
400
1,515
Nabtesco Corp.
1,000
24,957
Nachi-Fujikoshi Corp.
1,000
5,674
Nagase & Company, Ltd.
1,000
11,902
Nagoya Railroad Company, Ltd.
4,000
10,820
Namco Bandai Holdings, Inc.
1,400
15,266
Nankai Electric Railway Company, Ltd.
3,000
11,951
NEC Corp. (I)
18,000
39,168
NEC Electronics Corp. (I)
1,300
10,854
Net One Systems Company, Ltd.
3
4,494
NGK INSULATORS, Ltd.
1,000
17,877
NGK Spark Plug Company, Ltd.
2,000
27,314
NHK Spring Company, Ltd.
2,000
19,812
NICHIREI Corp.
2,000
8,536
Nidec Corp.
400
34,624
Nifco, Inc.
200
4,757
Nihon Dempa Kogyo Company, Ltd.
200
3,136
Nihon Kohden Corp.
400
8,670
Nihon Parkerizing Company, Ltd.
1,000
13,789
Nihon Unisys, Ltd.
1,200
7,877
Nihon Yamamura Glass Company, Ltd.
4,000
11,301
Nikon Corp.
1,300
26,803
Nintendo Company, Ltd.
300
81,041
Nippo Corp.
1,000
8,014
Nippon Carbon Company, Ltd.
1,000
2,392
Nippon Ceramic Company, Ltd.
100
2,043
Nippon Chemi-Con Corp.
1,000
5,001
Nippon Denko Company, Ltd.
2,000
11,904
Nippon Electric Glass Company, Ltd.
2,000
28,324
Nippon Express Company, Ltd.
7,000
26,845
Nippon Flour Mills Company, Ltd.
1,000
4,532
Nippon Konpo Unyu Soko Company, Ltd.
1,000
11,169
Nippon Light Metal Company, Ltd.
3,000
5,915
Nippon Meat Packers, Inc.
2,000
25,222
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Japan (continued)
Nippon Paint Company, Ltd.
2,000
Nippon Paper Group, Inc.
800
$
13,417
16,864
Nippon Road Company, Ltd.
3,000
9,882
Nippon Sheet Glass Company, Ltd.
11,000
31,738
Nippon Shinyaku Company, Ltd.
1,000
12,828
Nippon Signal Company, Ltd.
800
6,025
Nippon Steel Corp.
22,000
70,353
Nippon Suisan Kaisha, Ltd.
1,200
3,333
Nippon Telegraph & Telephone Corp.
2,200
98,696
Nippon Thompson Company, Ltd.
1,000
7,869
Nippon Yakin Kogyo Company, Ltd. (I)
500
1,130
Nippon Yusen Kabushiki Kaisha
10,000
39,072
Nipro Corp.
400
7,873
Nishi-Nippon City Bank, Ltd.
8,000
22,986
Nishi-Nippon Railroad Company, Ltd.
3,000
12,867
Nishimatsu Construction Company, Ltd.
2,000
3,174
Nissan Chemical Industries, Ltd.
1,000
10,339
Nissan Motor Company, Ltd.
11,200
99,370
Nissha Printing Company, Ltd.
300
6,474
Nisshin Oillio Group, Ltd.
2,000
9,449
Nisshin Seifun Group, Inc.
1,000
11,529
Nisshin Steel Company
7,000
15,064
Nisshinbo Holdings, Inc.
1,000
9,702
Nissin Corp.
3,000
8,079
Nissin Food Products Company, Ltd.
600
21,110
Nissin Kogyo Company, Ltd.
600
10,244
Nissui Pharmaceutical Company, Ltd.
500
4,215
Nitori Company, Ltd.
250
21,826
Nitto Boseki Company, Ltd. (I)
2,000
4,689
Nitto Denko Corp.
1,200
62,812
Nitto Kogyo Corp.
100
1,142
Nitto Kohki Company, Ltd.
400
10,039
NKSJ Holdings, Inc.
8,700
55,927
NOF Corp.
1,000
4,568
NOK Corp.
1,300
22,824
Nomura Holdings, Inc.
19,500
101,978
Nomura Real Estate Holdings, Inc.
400
6,064
Nomura Research Institute, Ltd.
600
13,244
Noritake Company, Ltd.
1,000
4,197
Noritsu Koki Company, Ltd. (I)
100
596
NS Solutions Corp.
300
5,677
NSK, Ltd.
3,000
25,860
NTN Corp.
5,000
23,984
NTT Data Corp.
7
21,636
NTT DoCoMo, Inc. (L)
69
120,087
Obayashi Corp.
7,000
31,094
OBIC Business Consultants, Ltd.
250
15,223
OBIC Company, Ltd.
70
13,106
Odakyu Electric Railway Company, Ltd.
3,000
25,283
Ogaki Kyoritsu Bank, Ltd.
2,000
6,540
Oji Paper Company, Ltd.
6,000
28,492
Okamoto Industries, Inc.
2,000
7,245
Okasan Holdings, Inc.
3,000
11,397
Oki Electric Industry Company, Ltd. (I)
3,000
2,380
OKUMA Corp.
2,000
16,374
Okumura Corp.
3,000
12,560
Olympus Corp.
1,000
27,819
OMC Card, Inc. (I)
600
1,118
Omron Corp.
1,500
42,162
Ono Pharmaceutical Company, Ltd.
600
29,357
Onward Kashiyama Company, Ltd.
1,000
7,430
Oracle Corp.
300
12,426
Oriental Land Company, Ltd.
300
23,840
Osaka Gas Company, Ltd.
9,000
35,684
OSG Corp.
400
5,771
105
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Japan (continued)
Otsuka Corp.
100
PanaHome Corp.
1,000
$
6,432
6,469
Systems Company, Ltd.
300
7,442
Parco Company, Ltd.
1,300
12,770
Paris Miki, Inc.
800
8,185
Park24 Company Ltd.
1,000
9,583
Penta-Ocean Construction Company, Ltd.
3,500
8,687
Pioneer Corp. (I)
1,000
4,160
Point, Inc.
250
10,459
Press Kogyo Company, Ltd.
1,000
4,244
Q.P. Corp.
900
10,863
Rengo Company, Ltd.
2,000
12,935
Resona Holdings, Inc.
2,700
12,854
Ricoh Company, Ltd.
3,000
35,201
Riken Corp.
1,000
4,160
Rinnai Corp.
300
19,909
Riso Kagaku Corp.
200
3,429
Rohm Company, Ltd.
900
55,884
Rohto Pharmaceutical Company, Ltd.
1,000
10,712
Roland Corp.
400
4,737
Round One Corp.
1,400
6,427
Royal Holdings Company, Ltd.
700
6,892
Ryobi, Ltd.
1,000
4,003
Ryohin Keikaku Company, Ltd.
300
12,155
Ryosan Company, Ltd.
600
14,358
Sagami Railway Company, Ltd.
3,000
8,331
Saibu Gas Company, Ltd.
4,000
9,861
Sakai Chemical Industry Company, Ltd.
1,000
4,800
San-Ai Oil Company, Ltd.
2,000
10,676
Sanden Corp.
1,000
4,196
Sanken Electric Company, Ltd.
1,000
5,891
Sanki Engineering Company, Ltd.
2,000
12,479
Sankyo Company, Ltd.
400
20,510
Sankyo-Tateyama Holdings, Inc. (I)
2,000
3,215
Panasonic Electric Works Information
Sankyu, Inc.
3,000
14,354
Sanrio Company, Ltd.
900
26,639
Santen Pharmaceutical Company, Ltd.
400
15,840
Sanwa Shutter Corp.
2,000
6,722
Sanyo Chemical Industries, Ltd.
1,000
8,411
Sanyo Shokai, Ltd.
1,000
3,045
Sanyo Special Steel Company, Ltd.
1,000
5,338
Sapporo Holdings, Ltd.
2,000
7,454
Sawai Pharmaceutical Company, Ltd.
200
17,264
SBI Holdings, Inc.
152
19,132
Secom Company, Ltd.
900
41,572
Sega Sammy Holdings, Inc.
1,100
18,826
Seiko Epson Corp.
1,200
19,083
Seiko Holdings Corp.
1,000
3,426
Seino Holdings Company, Ltd.
2,000
14,920
Seiren Company, Ltd.
500
3,401
Sekisui Chemical Company, Ltd.
4,000
31,306
Sekisui House, Ltd.
6,000
55,854
Senko Company, Ltd.
1,000
3,217
Seven & I Holdings Company, Ltd.
4,200
107,146
Sharp Corp.
6,000
58,902
Shibusawa Warehouse Company, Ltd.
1,000
3,272
Shiga Bank, Ltd.
2,000
10,507
Shikoku Bank, Ltd.
1,000
3,059
Shikoku Electric Power Company, Inc.
1,000
27,206
Shimachu Company, Ltd.
700
15,106
Shimadzu Corp.
3,000
26,653
Shimamura Company, Ltd.
200
17,624
Shimano, Inc.
400
19,981
Shimizu Bank, Ltd.
100
4,406
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Japan (continued)
Shimizu Corp.
3,000
Shin-Etsu Chemical Company, Ltd.
1,500
$
13,345
74,567
Shin-Keisei Electric Railway Company, Ltd.
2,000
8,295
Shinko Electric Industries Company, Ltd.
800
8,194
Shinko Plantech Company, Ltd.
700
8,029
Shinko Securities Company, Ltd. (I)
5,000
13,284
Shinmaywa Industries, Ltd.
3,000
12,588
Shinsei Bank, Ltd.
12,000
14,001
Shionogi & Company, Ltd.
1,500
25,589
Shiseido Company, Ltd.
2,000
34,624
Shizuoka Bank, Ltd.
5,000
41,356
Shizuoka Gas Company, Ltd.
1,500
9,277
Shochiku Company, Ltd.
1,000
7,225
Showa Aircraft Industry Company, Ltd.
1,000
7,682
Showa Corp. (I)
1,500
10,929
Showa Denko KK
13,000
26,100
Showa Shell Sekiyu KK
2,000
20,870
Sintokogio, Ltd.
600
6,200
Sky Perfect JSAT Corp.
16
5,580
SMC Corp.
300
48,876
SMK Corp.
1,000
4,641
Softbank Corp.
2,600
102,801
Sohgo Security Services Company, Ltd.
1,000
10,880
Sojitz Holdings Corp.
11,400
22,390
Sony Corp.
3,200
101,491
Sony Corp.
2,600
82,758
Sony Financial Holdings, Inc.
800
15,715
Square Enix Company, Ltd.
400
6,860
St. Marc Holdings Company, Ltd.
300
10,964
Stanley Electric Company, Ltd.
600
9,858
Star Micronics Company, Ltd.
1,000
11,084
Stella Chemifa Corp.
200
7,770
Sugi Pharmacy Company, Ltd.
400
9,276
Sumco Corp. (I)
900
18,145
Sumitomo Bakelite Company, Ltd.
3,000
18,430
Sumitomo Chemical Company, Ltd. (L)
7,645
38,142
Sumitomo Corp.
6,200
88,625
Sumitomo Electric Industries, Ltd.
3,500
48,431
Sumitomo Forestry Company, Ltd.
1,300
11,799
Sumitomo Heavy Industries, Ltd.
8,000
52,224
Sumitomo Metal Industries, Ltd.
18,000
40,250
Sumitomo Metal Mining Company, Ltd.
3,000
51,611
Sumitomo Mitsui Financial Group
7,800
242,496
Sumitomo Osaka Cement Company, Ltd.
7,000
20,237
Development Company, Ltd.
1,000
20,005
Sumitomo Rubber Industries, Inc.
1,500
15,158
Sumitomo Titanium Corp.
100
6,901
Sumitomo Warehouse Company, Ltd.
3,000
14,342
Sundrug Company, Ltd.
400
11,383
Suruga Bank, Ltd.
2,000
17,745
Suzuken Company, Ltd.
400
10,551
Suzuki Motor Corp.
1,300
29,054
SWCC Showa Holdings Company, Ltd. (I)
6,000
7,502
Sysmex Corp.
600
21,088
T&D Holdings, Inc.
1,750
43,129
Taihei Dengyo Kaisha, Ltd.
2,000
16,568
Taiheiyo Cement Corp.
11,000
18,257
Taikisha, Ltd.
600
11,390
Taisei Corp.
9,000
22,181
Taisho Pharmaceuticals Company, Ltd.
1,000
21,640
Taiyo Ink Manufacturing Company, Ltd.
100
3,047
Taiyo Nippon Sanso Corp.
1,000
8,241
Taiyo Yuden Company, Ltd.
2,000
26,412
Takara Standard Company, Ltd.
1,000
7,987
Sumitomo Realty &
106
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Japan (continued)
Takasago International Corp.
1,000
Takasago Thermal Engineering Company, Ltd.
1,000
$
5,482
8,860
Takashimaya Company, Ltd.
3,000
18,995
Takata Corp.
200
5,677
Takeda Pharmaceutical Company, Ltd.
3,400
158,596
Tanabe Seiyaku Company, Ltd.
600
9,738
TDK Corp.
1,500
88,830
Teijin, Ltd.
9,000
40,250
Temp Holdings Company, Ltd.
600
5,326
Terumo Corp.
700
36,902
The 77th Bank, Ltd.
4,000
20,101
The Chiba Kogyo Bank, Ltd. (I)
700
4,014
The Dai-ichi Life Insurance Company, Ltd.
23
34,702
The Hachijuni Bank, Ltd.
3,000
17,276
The Hiroshima Bank, Ltd.
5,000
21,700
The Hokkoku Bank, Ltd.
3,000
10,070
The Hyakugo Bank, Ltd.
2,000
8,907
The Japan Steel Works, Ltd.
2,000
15,389
The Nanto Bank, Ltd.
2,000
9,645
The San-in Godo Bank, Ltd.
2,000
14,907
Banking Company, Ltd.
7,000
36,271
The Tokyo Electric Power Company, Inc.
5,800
32,493
The Yachiyo Bank, Ltd.
300
10,207
The Yokohama Rubber Company, Ltd.
2,000
9,690
THK Company, Ltd.
1,200
29,889
TKC Corp.
400
8,141
TOC Company, Ltd.
2,000
7,844
Tochigi Bank, Ltd.
1,000
4,386
Toda Corp.
3,000
11,784
Toda Kogyo Corp.
1,000
8,896
Toho Bank, Ltd.
3,000
8,115
Toho Company, Ltd.
500
7,171
Toho Gas Company, Ltd.
2,000
10,235
Toho Holdings Company, Ltd.
300
3,271
Toho Titanium Company, Ltd.
200
5,112
Toho Zinc Company, Ltd.
1,000
4,665
Tohoku Electric Power Company, Inc.
1,700
28,545
Tokai Carbon Company, Ltd.
2,000
9,954
Tokai Rika Company, Ltd.
600
10,107
Tokai Tokyo Securities Company, Ltd.
3,000
10,243
The Sumitomo Trust &
Token Corp.
120
5,287
Tokio Marine Holdings, Inc.
4,100
109,623
Tokushu Tokai Holdings Company, Ltd.
3,000
6,564
Tokuyama Corp.
2,000
10,676
Tokyo Broadcasting Company, Ltd.
600
7,055
Tokyo Dome Corp. (I)
3,000
5,987
Tokyo Electron, Ltd.
700
38,585
Tokyo Energy & Systems, Inc.
1,000
6,512
Tokyo Gas Company, Ltd.
10,000
45,365
Tokyo Rakutenchi Company, Ltd.
1,000
3,138
Tokyo Rope Manufacturing Company, Ltd.
4,000
15,052
Tokyo Seimitsu Company, Ltd.
200
3,578
Tokyo Steel Manufacturing Company, Ltd.
900
10,506
Tokyo Style Company, Ltd.
1,000
7,182
Tokyo Tatemono Company, Ltd.
2,000
7,478
Tokyu Corp.
5,000
20,529
Tokyu Land Corp.
5,000
21,760
Tomato Bank, Ltd.
1,000
1,948
TOMONY Holdings, Inc.
2,000
7,382
TonenGeneral Sekiyu KK
2,000
24,693
Topcon Corp.
1,700
8,993
Toppan Forms Company, Ltd.
800
6,954
Toppan Printing Company, Ltd.
5,000
39,433
Topre Corp.
1,100
8,807
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Japan (continued)
Toray Industries, Inc.
6,000
$
43,028
Torishima Pump Manufacturing Company, Ltd.
200
2,969
Toshiba Corp.
16,000
78,288
Toshiba Machine Company, Ltd.
3,000
15,997
Toshiba Plant Systems & Services Corp.
1,000
11,313
Toshiba TEC Corp.
1,000
4,448
Tosoh Corp.
5,000
17,973
Toto, Ltd.
2,000
15,917
Toyo Electric Manufacturing Company, Ltd.
1,000
4,749
Toyo Engineering Corp.
1,000
3,847
Toyo Seikan Kaisha, Ltd.
600
9,839
Toyobo Company, Ltd.
10,000
14,319
Toyoda Gosei Company, Ltd.
600
12,359
Toyota Motor Corp.
6,000
481,500
Toyota Tsusho Corp.
2,000
32,989
Trend Micro, Inc.
500
13,202
TS Tech Company, Ltd.
300
5,262
Tsubakimoto Chain Company, Ltd.
1,000
5,133
Tsumura & Company, Ltd.
400
12,551
Tsuruha Holdings, Inc.
300
13,615
Tsurumi Manufacturing Company, Ltd.
1,000
7,554
Ube Industries, Ltd.
9,000
28,673
ULVAC, Inc.
300
7,083
Unicharm Corp.
600
21,689
Unihair Company, Ltd. (I)
200
2,313
Union Tool Company, Ltd.
100
2,337
Unitika, Ltd. (I)
1,000
798
UNY Company, Ltd.
2,000
18,513
Ushio, Inc.
1,400
27,384
USS Company, Ltd.
210
16,334
Valor Company, Ltd.
1,000
9,807
Vital KSK Holdings, Inc.
1,200
9,752
Wacoal Corp.
1,000
12,599
West Japan Railway Company, Ltd.
9
34,441
Xebio Company, Ltd.
500
8,949
Yahoo! Japan Corp.
74
26,476
Yakult Honsha Company, Ltd.
500
12,780
Yamada Denki Company, Ltd.
470
31,295
Yamagata Bank, Ltd.
1,000
4,989
Yamaguchi Financial Group, Inc.
2,000
18,514
Yamaha Corp.
1,700
19,130
Yamaha Motor Company, Ltd. (I)
2,600
44,935
Yamanashi Chuo Bank, Ltd.
3,000
14,571
Yamatake Corp.
600
14,701
Yamato Kogyo Company, Ltd.
300
9,990
Yamato Transport Company, Ltd.
3,000
46,526
Yamazaki Baking Company, Ltd.
1,000
11,649
Yaskawa Electric Corp.
3,000
35,561
Yasuda Warehouse Company, Ltd.
1,000
5,847
Yokogawa Bridge Corp.
1,000
7,336
Yokogawa Electric Corp. (I)
1,800
13,720
Yokohama Reito Company, Ltd.
1,000
6,793
Yuasa Trading Company, Ltd.
7,000
8,836
Yushiro Chemical Industry Company, Ltd.
500
6,678
Zenrin Company, Ltd.
500
5,320
Zensho Company, Ltd.
700
6,943
Zeria Pharmaceutical Company, Ltd.
1,000
11,921
Zuken, Inc.
900
6,990
15,062,378
Jersey, C.I. - 0.03%
Atrium European Real Estate, Ltd.
951
5,965
DHT Holdings, Inc.
900
4,329
WPP PLC, ADR
1,300
80,288
90,582
107
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Luxembourg - 0.09%
Altisource Portfolio Solutions SA (I)
600
$
18,408
Aperamaperam
208
8,357
ArcelorMittal
4,165
150,912
Brait SA
2,771
7,688
Evraz Group SA (I)
714
28,346
Oriflame Cosmetics SA
91
4,712
Regus PLC
6,222
11,472
SES SA
1,361
35,051
Tenaris SA
1,200
59,352
324,298
Malaysia - 0.27%
Aeon Company (M) BHD
3,500
6,865
AirAsia BHD (I)
12,600
11,152
Alliance Financial Group BHD
11,800
12,340
AMMB Holdings BHD
15,200
32,539
Asiatic Development BHD
4,400
11,610
Axiata Group BHD (I)
12,400
19,591
Bandar Raya Developments BHD
9,200
6,654
Batu Kawan BHD
600
3,017
Berjaya Corp. BHD
1,610
346
Berjaya Corp. BHD (Kuala Lumpur Exchange)
16,100
6,049
Berjaya Sports Toto BHD
3,642
5,118
British American Tobacco Malaysia BHD
800
12,684
Bursa Malaysia BHD
3,900
10,723
Commerce Asset Holdings BHD
15,400
41,656
Dialog Group BHD
26,132
19,985
Digi.Com BHD
1,100
10,392
DRB-Hicom BHD
17,200
13,071
Fraser & Neave Holdings BHD
2,100
10,834
Gamuda BHD
12,700
16,195
Genting BHD
10,800
39,307
Guinness Anchor BHD
1,000
3,178
Hong Leong Bank BHD
2,800
9,111
Hong Leong Credit BHD
3,700
10,998
IGB Corp. BHD
15,756
11,226
IJM Corp. BHD
6,200
13,105
IJM Land BHD
10,100
9,177
IJM Plantations BHD
6,600
6,431
IOI Corp. BHD
16,853
32,017
Keck Seng BHD
7,500
10,281
Kencana Petroleum BHD
17,200
14,859
KLCC Property Holdings BHD
7,300
8,044
KNM Group BHD
2,100
1,916
Kuala Lumpur Kepong BHD
2,600
18,204
Kulim Malaysia BHD
12,400
13,621
Lafarge Malayan Cement BHD
1,200
2,931
Lion Industries Corp. BHD
17,400
10,327
LPI Capital BHD
400
1,812
Malayan Banking BHD
18,851
55,720
Malaysia Airports Holdings
3,300
6,632
Malaysian Airline System BHD (I)
15,200
9,220
Malaysian Bulk Carriers BHD
7,700
7,063
Malaysian Resources Corp. BHD
27,150
19,682
Media Prima BHD
14,100
11,960
MISC BHD
6,240
16,202
MMC Corp. BHD
10,200
9,316
Mulpha International BHD (I)
53,500
9,345
Nestle Malaysia BHD
900
13,906
Parkson Holdings BHD
5,712
10,737
Petronas Dagangan BHD
3,500
19,074
Petronas Gas BHD
2,500
9,446
PLUS Expressways BHD
10,000
14,786
PPB Group BHD
3,600
20,219
Proton Holdings BHD
5,500
6,430
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Malaysia (continued)
Resorts World BHD
19,800
$
24,025
RHB Capital BHD
5,200
14,718
Samling Global, Ltd.
8,000
820
SapuraCrest Petroleum BHD
12,900
15,980
Malaya BHD
2,800
9,976
Sime Darby BHD
9,700
29,595
SP Setia BHD
10,400
21,639
Sunway City BHD
7,700
11,409
TA Ann Holdings BHD
6,360
14,020
TAN Chong Motor Holdings BHD
2,300
3,687
Telekom Malaysia BHD
8,300
11,076
Tenaga Nasional BHD
8,750
18,046
Top Glove Corp. BHD
5,200
9,230
UEM Land Holdings BHD (I)
28,333
26,504
UMW Holdings BHD
7,700
18,714
Unisem M BHD
18,850
11,866
United Plantations BHD
2,400
13,540
Wah Seong Corp. BHD
10,184
7,090
YTL Cement BHD
800
1,286
YTL Corp. BHD
6,732
16,520
YTL Power International BHD
13,100
9,951
Shell Refining Company Federation of
996,796
Marshall Islands - 0.00%
Genco Shipping & Trading, Ltd. (I)
600
6,462
2,600
33,658
Mexico - 0.36%
Alfa SAB de CV
Alsea SAB de CV
5,300
5,681
America Movil SAB de CV, Series L
6,346
18,455
America Movil SAB de CV, Series L, ADR
3,047
177,031
Axtel SAB de CV (I)
14,800
8,673
Bolsa Mexicana de Valores SAB de CV
5,700
12,000
SAB de CV (I)
10,100
6,453
Cemex SAB de CV, SADR (I)
10,602
94,674
Cia Minera Autlan SAB de CV (I)
400
1,214
Coca-Cola Femsa SAB de CV, SADR
200
15,398
Compartamos SAB de CV (I)
16,800
30,268
Consorcio ARA SAB de CV
6,000
3,687
SAB De CV (I)
7,700
12,591
Corp Moctezuma SAB de CV
4,100
10,169
Corporacion GEO SAB de CV (I)
12,300
34,497
Desarrolladora Homex SAB de CV (I)
2,400
10,944
El Puerto de Liverpool SAB de CV
1,200
8,777
Embotelladoras Arca SAB de CV
4,800
27,841
Empresas ICA SAB de CV (I)
8,100
18,428
Fomento Economico Mexicano SAB de CV
1,100
64,570
Genomma Lab Internacional SA de CV (I)
3,800
8,594
Gruma SAB de CV, SADR (I)
200
1,670
de CV, Series B
900
3,847
Grupo Aeroportuario del Pacifico SAB de CV
900
38,241
de CV, ADR
300
17,631
Grupo Bimbo SA de CV
2,900
24,588
Grupo Carso SAB de CV
5,300
17,471
Grupo Continential SA de CV
8,200
27,714
Grupo Elektra SA de CV
460
19,878
Grupo Financiero Banorte SAB de CV
13,100
61,676
Grupo Financiero Inbursa SA
6,500
29,930
Grupo Herdez Sab de CV
2,700
5,448
Grupo Mexico SAB de CV, Series B
28,049
105,174
Grupo Modelo SA
4,000
24,045
Carso Infraestructura y Construccion
Controladora Comercial Mexicana
Grupo Aeroportuario del Pacifico SA
Grupo Aeroportuario del Sureste SAB
108
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
COMMON STOCKS (continued)
Value
Mexico (continued)
Grupo Televisa SA, SADR (I)
2,300
$
56,419
Impulsora Del Desarrollo Y El Empleo en
America Latina SAB de CV (I)
13,100
20,705
Industrias CH SAB de CV (I)
2,500
10,295
Industrias Penoles SA de CV
590
21,704
Inmuebles Carso SAB de CV, Class B1 (I)
5,300
5,819
Kimberly-Clark de Mexico SA de CV
3,000
18,662
Megacable Holdings SAB de CV (I)
7,800
18,034
Mexichem SAB de CV
3,700
13,905
Minera Frisco SAB de CV, Class A1 (I)
5,300
23,224
Organizacion Soriana SAB de CV
5,100
18,008
SAB de CV (I)
3,700
15,644
Telefonos de Mexico SAB de CV
1,500
27,390
TV Azteca SA de CV
15,400
10,733
Urbi Desarrollos Urbanos SAB de CV (I)
6,600
15,342
Wal-Mart de Mexico SA de CV, Series V
20,700
62,129
Promotora y Operadora de Infraestructura
1,318,929
Netherlands - 0.96%
Aalberts Industries NV
526
12,485
Accell Group NV
71
3,709
Aegon NV (I)
11,893
89,104
Akzo Nobel NV
1,812
124,658
Arcadis NV
845
20,427
ASM International NV (I)
1,150
45,348
ASML Holding NV
1,961
86,493
Beter Bed Holding NV
234
6,991
BinckBank NV
387
6,742
Brunel International NV
442
20,837
CSM
40
1,415
Delta Lloyd NV
234
6,224
Exact Holdings NV
78
2,474
Fugro NV
655
57,697
Grontmij NV
287
6,261
Heineken NV
1,509
82,453
Hunter Douglas NV
39
1,990
Imtech NV
437
16,224
ING Groep NV (I)
12,448
157,993
ING Groep NV SADR (I)(L)
7,242
92,046
James Hardie Industries NV (I)
700
21,777
Kardan Nvkardan NV (I)
1,564
8,861
Koninklijke (Royal) KPN NV
6,741
114,953
Koninklijke Ahold NV
7,632
102,378
Koninklijke BAM Groep NV
2,400
18,492
Koninklijke Boskalis Westinster NV
407
21,520
Koninklijke DSM NV
1,042
63,987
Koninklijke Philips Electronics NV
6,370
203,461
Koninklijke Ten Cate NV
390
15,983
Koninklijke Vopak NV
407
19,605
Mediq NV
320
6,392
Nutreco Holding NV
460
33,725
Ordina NV (I)
210
1,169
Randstad Holdings NV
1,047
58,268
Reed Elsevier NV
3,809
49,070
Royal Dutch Shell PLC, ADR, Class B
20,500
1,501,420
SBM Offshore NV (I)
1,218
35,436
Sligro Food Group NV
122
4,117
SNS REAAL NV (I)
1,920
10,879
Telegraaf Media Groep NV
304
6,272
TKH Group NV (I)
170
4,900
TNT NV
1,760
45,213
TomTom NV (I)
237
2,113
Unilever NV
5,948
186,765
Unit 4 Agresso NV
323
10,994
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Netherlands (continued)
USG People NV (I)
965
Van der Moolen Holding NV (I)
1,420
$
19,954
20
Vimpelcom, Ltd., ADR
2,700
38,124
VistaPrint NV (I)
500
25,950
Wavin NV (I)
158
2,440
Wolters Kluwer NV
2,215
51,857
X5 Retail Group NV, GDR (I)
473
19,914
3,547,580
New Zealand - 0.05%
Auckland International Airport, Ltd.
13,117
22,166
Contact Energy, Ltd. (I)
2,393
10,627
Fisher & Paykel Healthcare Corp.
6,757
16,206
Fletcher Building, Ltd.
5,083
36,221
Freightways, Ltd.
4,613
11,473
New Zealand Refining Company, Ltd.
3,262
12,151
Nuplex Industries, Ltd.
4,080
9,649
Sky City Entertainment Group, Ltd.
8,173
21,072
Sky Network Television, Ltd.
4,694
20,127
Telecom Corp. of New Zealand, Ltd.
3,933
6,047
Tower, Ltd.
14,954
21,353
TrustPower, Ltd.
2,008
11,031
Vector, Ltd.
1,058
2,018
200,141
Norway - 0.21%
ABG Sundal Collier Holding ASA
5,096
7,005
Aker ASA, Series A
250
7,699
Aker Solutions ASA (I)
700
16,071
BW Offshore, Ltd. (I)
2,640
7,063
Cermaq ASA (I)
1,000
17,681
Copeinca ASA
1,400
13,097
DnB NOR ASA
5,320
81,631
DNO International ASA (I)
4,000
6,517
DOF ASA (I)
400
4,038
Ekornes ASA
233
6,230
Eltek ASA (I)
1,541
1,588
Ementor ASA
1,060
11,922
Farstad Shipping ASA
96
3,179
Marine Harvest
44,000
54,627
Norsk Hydro ASA (L)
6,063
49,695
Norske Skogindustrier ASA (I)
3,500
11,330
Norwegian Air Shuttle ASA (I)
300
5,828
Norwegian Energy Company AS (I)
1,197
3,133
Opera Software ASA
1,998
10,616
Orkla ASA
4,452
43,197
Petroleum Geo-Services ASA (I)
3,109
49,755
Renewable Energy Corp. ASA (I)
3,561
12,486
Schibsted ASA
400
11,759
Sevan Marine ASA (I)
12,791
14,000
Songa Offshore SE (I)
400
2,583
Sparebanken Midt-Norge ASA
672
6,085
StatoilHydro ASA, SADR
4,800
132,672
Storebrand ASA
3,919
33,639
Telenor ASA
3,579
58,899
TGS Nopec Geophysical Company ASA
1,000
26,811
Tomra Systems ASA
800
6,530
Veidekke ASA
501
4,596
Wilh Wilhelmsen Holding ASA, Class A
150
4,567
Yara International ASA
835
42,305
768,834
Papua New Guinea - 0.01%
Oil Search, Ltd.
6,602
48,584
109
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Peru - 0.04%
Compania de Minas Buenaventura SA, ADR
400
Credicorp, Ltd., ADR
963
$
17,188
101,048
Hochschild Mining PLC
2,602
26,844
145,080
Philippines - 0.05%
Aboitiz Equity Ventures, Inc.
38,000
35,990
Bank of the Philippine Islands
11,494
15,154
Belle Corp. (I)
72,000
9,430
Energy Development Corp. (I)
82,000
11,350
First Philippine Holdings Corp.
6,300
8,328
Globe Telecommunications, Inc.
330
6,777
International Container Terminal Services, Inc.
17,000
16,367
Jollibee Foods Corp.
6,100
12,249
Manila Electric Company
2,470
14,672
Manila Water Company, Inc.
20,200
8,452
Company, SADR
200
10,700
Philippine National Bank (I)
6,050
7,799
Robinsons Land Corp.
24,500
6,499
SM Investments Corp.
1,060
12,672
Universal Robina Corp.
27,000
21,023
Philippine Long Distance Telephone
197,462
Poland - 0.12%
Amrest Holdings SE (I)
371
9,963
Asseco Poland SA PDA
707
13,415
Bank Pekao SA
521
31,231
Bank Zachodni WBK SA
124
9,904
BRE Bank SA (I)
346
41,847
Ciech SA (I)
754
7,127
Echo Investment SA (I)
5,340
9,210
Emperia Holding SA
242
9,611
Eurocash SA
153
1,680
Firma Oponiarska Debica SA
320
6,990
Getin Holding SA (I)
6,826
34,117
Grupa Lotos SA (I)
726
11,281
ING Bank Slaski SA (I)
79
24,876
KGHM Polska Miedz SA
956
60,625
Kredyt Bank SA (I)
1,216
7,312
Mondi Packaging Paper Swiecie SA (I)
344
9,698
NG2 SA
20
420
Orbis SA (I)
719
10,099
PBG SA
86
5,692
Polimex-Mostostal SA
26
32
Polish Oil & Gas Company
5,354
7,086
Polnord SA
395
4,310
Polska Grupa Energetyczna SA
386
3,113
Polski Koncern Naftowy Orlen SA (I)
2,732
50,618
Bank Polski SA
2,371
36,500
Telekomunikacja Polska SA
2,522
15,619
TVN SA
1,226
7,828
49
4,816
Powszechna Kasa Oszczednosci
Zaklad Przetworstwa
Hutniczego Stalprodukt SA
435,020
Portugal - 0.06%
Banco BPI SA (I)
4,926
8,575
Banco Comercial Portugues SA (L)
14,928
12,188
Banco Espirito Santo SA
3,710
15,200
Brisa Auto Estrada SA
957
6,473
Cimpor-Cimentos de Portugal SA
2,492
18,064
Electricidade de Portugal SA
6,374
24,843
Galp Energia SGPS SA
918
19,667
Jeronimo Martins SGPS SA
2,306
37,092
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Portugal (continued)
Mota Engil (I)
444
$
1,144
Portucel - Empresa Produtora de Pasta
e Papel SA
3,115
10,940
Portugal Telecom SGPS SA
3,223
37,272
Redes Energeticas Nacionais SA (I)
2,238
7,942
Semapa-Sociedade de Investimento & Gestao
1,179
14,098
Sonae
3,327
3,890
Sonae Industria SGPS SA (I)
2,576
5,791
Zon Multimedia SA
2,647
13,897
237,076
Puerto Rico - 0.01%
First BanCorp/Puerto Rico (I)
133
665
Oriental Financial Group, Inc.
500
6,275
Popular, Inc. (I)
12,511
36,407
Triple-S Management Corp., Class B (I)
400
8,232
51,579
Russia - 0.31%
CTC Media, Inc.
1,500
35,355
Gazprom Neft, SADR
1,054
27,773
Gazprom OAO, SADR (I)
1,818
58,794
Gazprom OAO, SADR (London Exchange) (I)
13,069
423,555
JSC MMC Norilsk Nickel, ADR
3,137
82,942
Lukoil OAO
2,643
189,524
Magnitogorsk Iron & Steel Works (I)
911
13,328
MMC Norilsk Nickel, ADR
1,520
40,140
Novolipetsk Steel, ADR
400
17,600
PIK Group, GDR (I)
572
2,568
Polymetal, GDR (I)
1,050
19,845
Rosneft Oil Company, GDR (I)
960
8,781
Rosneft Oil Company, GDR
5,147
46,912
RusHydro, ADR (I)
6,230
31,150
Severstal, ADR
1,000
19,610
Surgutneftegaz, ADR
420
4,540
Surgutneftegaz, SADR
3,050
33,198
TMK OAO, GDR (I)
600
12,654
Uralkali, GDR
150
6,200
Uralkali, SADR
599
24,864
VTB Bank OJSC, Common Shares, GDR
3,000
21,000
VTB Bank OJSC, GDR
1,125
7,884
1,128,217
Singapore - 0.37%
Allgreen Properties, Ltd.
11,000
9,437
Asia Food & Properties, Ltd. (I)
9,000
2,496
Bukit Sembawang Estates, Ltd.
2,000
6,777
Capitaland, Ltd. (I)
15,000
39,307
CapitaMalls Asia, Ltd.
3,000
4,239
China Aviation Oil Singapore Corp., Ltd.
8,000
8,512
City Developments, Ltd.
4,000
36,623
ComfortDelGro Corp., Ltd.
6,000
7,429
Cosco Corp. Singapore, Ltd.
10,000
16,218
CSE Global, Ltd.
12,000
11,984
DBS Group Holdings, Ltd.
9,290
108,018
Ezra Holdings, Ltd.
2,400
3,345
First Resources, Ltd.
11,000
11,488
Fragrance Group, Ltd.
29,000
9,901
Fraser and Neave, Ltd.
7,000
33,402
Genting Singapore PLC (I)
25,000
40,575
Golden Agri-Resources, Ltd.
58,000
31,675
Guocoland, Ltd.
4,000
7,733
Ho Bee Investment, Ltd.
7,000
7,877
Hong Leong Asia, Ltd.
3,000
6,693
Hotel Properties, Ltd.
2,000
3,955
Hyflux, Ltd.
6,000
10,261
110
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Singapore (continued)
Indofood Agri Resources, Ltd. (I)
4,000
$
7,058
Jardine Cycle and Carriage, Ltd.
1,000
28,964
Jaya Holdings, Ltd. (I)
8,000
3,430
K-Green Trust
1,400
1,143
Keppel Corp., Ltd.
7,000
68,359
Keppel Land, Ltd.
7,177
25,517
Kim Eng Holdings, Ltd.
4,000
9,681
Metro Holdings, Ltd.
10,000
6,512
Midas Holdings, Ltd.
12,000
7,161
MobileOne, Ltd.
6,000
11,475
Neptune Orient Lines, Ltd.
7,000
10,748
Oceanus Group, Ltd. (I)
21,000
4,336
Olam International, Ltd.
7,000
15,517
Orchard Parade Holdings, Ltd.
9,000
10,477
Osim International, Ltd.
8,000
10,188
Otto Marine, Ltd.
14,000
2,781
Oversea-Chinese Banking Corp., Ltd.
13,120
99,778
Raffles Education Corp., Ltd. (I)
7,333
4,549
Raffles Medical Group, Ltd.
7,000
12,428
SembCorp Industries, Ltd.
7,000
28,954
SembCorp Marine, Ltd.
4,000
18,547
Sia Engineering Company, Ltd.
3,000
9,641
Singapore Airlines, Ltd.
3,000
32,500
Singapore Airport Terminal Services, Ltd.
3,920
7,805
Singapore Exchange, Ltd.
5,000
31,156
Singapore Post, Ltd.
21,000
19,325
Singapore Press Holdings, Ltd.
11,000
34,401
Singapore Technologies Engineering, Ltd.
5,000
12,915
Singapore Telecommunications, Ltd.
11,000
26,368
Singapore Telecommunications, Ltd.
33,000
79,104
SMRT Corp., Ltd.
9,000
13,502
StarHub, Ltd.
6,000
12,854
Straits Asia Resources, Ltd.
8,000
15,892
Swiber Holdings, Ltd. (I)
6,000
3,882
Tat Hong Holdings, Ltd.
9,000
5,822
United Industrial Corp, Ltd. (I)
5,000
11,258
United Overseas Bank, Ltd.
8,068
120,321
UOL Group, Ltd.
5,000
18,812
Venture Corp., Ltd. (I)
2,000
15,260
Wheelock Properties, Ltd.
7,000
10,500
Wilmar International, Ltd.
10,000
43,394
Wing Tai Holdings, Ltd.
4,000
4,859
Yangzijiang Shipbuilding Holdings, Ltd.
14,000
20,119
Yanlord Land Group, Ltd.
7,000
8,393
Yongnam Holdings, Ltd.
43,000
9,194
1,372,825
South Africa - 0.53%
ABSA Group, Ltd.
1,681
33,907
Adcock Ingram Holdings, Ltd.
524
4,301
Adcorp Holdings, Ltd.
858
3,519
Advtech, Ltd.
11,287
9,012
Afgri, Ltd.
8,620
8,722
African Bank Investments, Ltd.
6,694
37,491
African Oxygen, Ltd.
1,477
3,933
African Rainbow Minerals, Ltd.
987
32,474
Allied Technologies, Ltd.
499
4,205
Anglo Platinum, Ltd.
276
28,391
AngloGold Ashanti, Ltd. (L)
1,100
52,745
Aspen Pharmacare Holdings, Ltd. (I)
2,184
25,492
Astral Foods Ltdastral Foods Ltd.
425
7,756
Aveng, Ltd.
2,595
13,689
AVI, Ltd.
4,242
18,807
Barloworld, Ltd.
2,065
22,780
Bidvest Group, Ltd.
1,720
37,831
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
South Africa (continued)
Blue Label Telecoms, Ltd.
3,672
Capitec Bank Holdings, Ltd.
330
$
3,260
8,197
City Lodge Hotels, Ltd.
313
3,117
Clicks Group, Ltd.
2,382
14,964
Coronation Fund Managers, Ltd.
4,050
10,641
DataTec, Ltd.
2,172
11,903
Discovery Holdings, Ltd., ADR
3,521
19,822
Drdgold, Ltd.
8,960
4,494
Eqstra Holdings, Ltd. (I)
4,732
4,535
FirstRand, Ltd.
13,261
39,401
Foschini, Ltd.
2,097
26,212
Gold Fields, Ltd.
4,248
74,170
Great Basin Gold, Ltd. (I)(L)
5,000
13,151
Grindrod, Ltd.
3,074
6,742
Group Five, Ltd.
927
3,746
Growthpoint Properties, Ltd.
1,824
4,662
Harmony Gold Mining Company, Ltd. (L)
2,600
38,662
Illovo Sugar, Ltd.
1,857
7,377
Impala Platinum Holdings, Ltd.
2,297
66,293
Imperial Holdings, Ltd.
1,333
22,499
Investec, Ltd.
1,608
12,551
JD Group, Ltd.
2,907
20,795
JSE, Ltd.
219
2,266
Kumba Iron Ore, Ltd.
515
36,341
Kumba Resources, Ltd.
1,225
29,888
Lewis Group, Ltd.
1,301
14,325
Liberty Holdings, Ltd.
983
10,332
Life Healthcare Group Holdings, Ltd.
3,407
8,000
Massmart Holdings, Ltd.
1,182
24,451
Medi-Clinic Corp., Ltd.
2,345
10,060
Metorex, Ltd. (I)
6,897
6,604
Mittal Steel South Africa, Ltd.
1,545
20,558
MMI Holdings, Ltd.
6,005
14,791
Mondi, Ltd.
1,967
19,274
MTN Group, Ltd.
5,831
117,674
Murray & Roberts Holdings, Ltd.
3,011
11,803
Mvelaphanda Group, Ltd. (I)
10,184
4,819
Mvelaserve, Ltd. (I)
2,549
4,440
Nampak, Ltd.
4,542
14,750
Naspers, Ltd., SADR
1,832
98,277
Nedbank Group, Ltd.
1,217
25,463
Netcare, Ltd.
10,169
21,789
Northam Platinum, Ltd.
2,901
18,820
Palabora Mining Company, Ltd.
99
2,042
Peregrine Holdings, Ltd.
3,334
5,323
Pick’n Pay Stores, Ltd.
1,977
13,463
Pioneer Foods, Ltd. (I)
571
4,646
Pretoria Portland Cement Company, Ltd.
4,312
15,297
PSG Group, Ltd.
717
4,113
Raubex Group, Ltd.
1,042
2,812
Reunert, Ltd.
873
7,563
Sanlam, Ltd.
16,519
67,317
Santam Ltdsantam Ltd.
141
2,650
Sappi, Ltd., SADR (I)
3,600
19,116
Sasol, Ltd.
2,900
168,055
Shoprite Holdings, Ltd.
2,385
36,544
Spar Group, Ltd.
1,244
17,455
Standard Bank Group, Ltd.
4,967
76,293
Steinhoff International Holdings, Ltd. (I)
11,390
42,371
Sun International, Ltd.
1,358
18,180
Super Group, Ltd. (I)
127,245
13,905
Telkom SA, Ltd., SADR
800
17,376
Tiger Brands, Ltd.
1,427
36,892
Tongaat Hulet, Ltd.
519
7,476
Trencor, Ltd.
1,264
7,019
111
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
South Africa (continued)
Truworths International, Ltd.
3,324
Vodacom Group, Ltd.
2,021
$
34,605
23,712
Wilson Bayly Holmes-ovcon, Ltd.
130
2,071
Woolworths Holdings, Ltd.
7,995
33,010
1,956,280
South Korea - 1.09%
Amorepacific Corp.
25
23,816
Asiana Airlines, Inc. (I)
2,380
21,566
Binggrae Company, Ltd.
207
12,234
BS Financial Group, Inc. (I)
490
7,102
Cheil Communications, Inc.
1,250
16,508
Cheil Industries, Inc.
410
43,475
CJ CGV Company, Ltd.
460
10,865
CJ CheilJedang Corp.
103
21,580
CJ Corp.
119
7,965
Daeduck Electronics Company, Ltd.
1,390
12,976
Daegu Bank
910
14,918
Daelim Industrial Company, Ltd.
217
21,122
Daewoo Engineering &
Construction Company, Ltd. (I)
510
5,624
Daewoo International Corp.
296
10,011
Daewoo Securities Company, Ltd. (I)
1,300
26,486
Engineering Company, Ltd.
1,180
36,719
Daishin Securities Company, Ltd.
870
11,682
Daou Technology, Inc.
1,190
10,194
Dong-A Pharmaceutical Company, Ltd.
45
4,593
Dongbu HiTek Company, Ltd. (I)
950
13,999
Dongbu Insurance Company, Ltd.
320
14,595
Dongkuk Steel Mill Company, Ltd.
690
24,804
Dongyang Mechatronics Corp.
810
12,525
Doosan Corp.
64
8,343
Construction Company, Ltd.
191
12,223
Doosan Infracore Company, Ltd. (I)
830
23,070
Duzonbizon Company, Ltd. (I)
520
5,726
Securities Company, Ltd. (I)
7,730
4,449
GS Engineering & Construction Corp.
154
16,215
GS Holdings Corp.
500
42,525
Halla Engineering & Construction Corp.
560
10,689
Hana Financial Group, Inc.
1,410
61,123
Handsome Company, Ltd.
480
9,111
Hanil Cement Manufacturing Company, Ltd.
146
7,494
414
12,341
Holdings Company, Ltd.
120
1,376
Hanjin Shipping Company, Ltd.
581
18,088
Hanjin Shipping Holdings Company, Ltd.
98
1,410
Hanjin Transportation Company, Ltd.
140
3,695
Hankook Tire Company, Ltd.
830
27,085
Hanmi Pharm Company, Ltd. (I)
17
1,355
Hanmi Pharm Company, Ltd. (I)
5
155
Hansol LCD, Inc.
175
7,911
Hansol Paper Company, Inc.
970
7,602
Hanwha Chemical Corp.
1,330
52,382
Hanwha Corp.
530
24,410
Hanwha General Insurance Company, Ltd. (I)
1,210
11,306
Hanwha Securities Company, Ltd. (I)
1,080
7,272
Hite Brewery Company, Ltd.
40
3,956
Hite Holdings Company, Ltd.
51
813
Honam Petrochemical Corp.
201
70,875
Hotel Shilla Company, Ltd.
460
10,714
Daewoo Shipbuilding & Marine
Doosan Heavy Industries and
Eugene Investment &
Hanjin Heavy Industries &
Construction Company, Ltd. (I)
Hanjin Heavy Industries & Construction
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
COMMON STOCKS (continued)
South Korea (continued)
Value
Huchems Fine Chemical Corp.
244
Hwa Shin Company, Ltd.
830
$
5,583
11,512
Hynix Semiconductor, Inc.
2,070
58,929
Hyosung Corp.
255
20,426
Hyundai Department Store Company, Ltd.
157
20,302
Hyundai Development Company
290
8,420
Construction Company, Ltd.
280
20,178
Hyundai H & S Company, Ltd.
990
10,995
Hyundai Heavy Industries Company, Ltd.
168
79,214
Hyundai Hysco Company, Ltd.
300
8,695
Insurance Company, Ltd.
450
12,553
Hyundai Merchant Marine Company, Ltd.
994
31,106
Hyundai Mipo Dockyard Company, Ltd.
154
26,253
Hyundai Mobis
265
79,160
Hyundai Motor Company, Ltd.
792
147,004
Hyundai Securities Company, Ltd. (I)
1,170
14,049
Hyundai Steel Company
412
52,501
Industrial Bank of Korea
1,290
22,178
Jeonbuk Bank, Ltd.
460
2,849
Jinro, Ltd.
170
5,568
Kangwon Land, Inc.
910
21,180
KB Financial Group, Inc., ADR
1,600
83,472
KCC Corp.
56
18,542
Kia Motors Corp.
1,680
106,019
KISCO Corp.
35
988
KISCO Holdings Company, Ltd.
10
392
Kiwoom Securities Company, Ltd. (I)
141
7,617
Kolon Corp.
64
1,710
Kolon Industries, Inc.
208
13,918
Korea Electric Power Corp., SADR (I)
2,200
26,928
Korea Exchange Bank
1,880
16,596
Korea Gas Corp.
342
11,402
Korea Investment Holdings Company, Ltd. (I)
460
17,571
Korea Kumho Petrochemical Company, Ltd.
90
12,247
Korea Line Corp. (I)
165
1,435
Korea Zinc Company, Ltd.
68
24,694
Korean Air Lines Company, Ltd.
473
28,231
Korean Reinsurance Company, Ltd.
367
4,278
KP Chemical Corp.
820
20,166
KT Corp. SADR
1,300
25,389
KT&G Corp.
800
41,613
KTB Network Corp. (I)
2,310
8,514
Kumho Industrial Company, Ltd. (I)
33
381
LG Chem, Ltd.
208
87,137
LG Corp.
666
49,597
LG Display Company, Ltd.
310
9,706
LG Display Company, Ltd., ADR
2,900
45,617
LG Electronics, Inc.
539
51,502
LG Fashion Corp. Ltd.
280
7,555
LG Hausys, Ltd.
28
1,904
LG Household & Health Care, Ltd.
46
17,251
LG Innotek Company, Ltd.
123
13,040
LG International Corp.
310
11,944
Hyundai Engineering &
Hyundai Marine & Fire
LG Life Sciences, Ltd. (I)
173
7,258
LG Uplus Corp.
3,270
18,452
Lotte Chilsung Beverage Company, Ltd.
10
9,792
Lotte Confectionery Company, Ltd.
5
6,832
Lotte Shopping Company, Ltd.
69
28,243
LS Cable, Ltd.
188
18,907
LS Industrial Systems Company, Ltd.
164
12,092
Macquarie Korea Infrastructure Fund
1,650
7,822
1,030
9,718
Meritz Fire & Marine
Insurance Company, Ltd.
112
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
South Korea (continued)
Mirae Asset Securities Company, Ltd. (I)
306
$
13,062
Namyang Dairy Products Company, Ltd.
17
11,626
NCSoft Corp.
135
30,832
Nexen Tire Corp.
1,090
13,339
NH Investment & Securities Company, Ltd. (I)
1,249
10,403
NHN Corp. (I)
235
40,997
Nong Shim Company, Ltd.
25
5,536
OCI Company, Ltd.
89
40,034
Orion Corp.
57
20,494
Pacific Corp.
43
7,742
Poongsan Corp.
230
9,676
POSCO, ADR
1,400
160,006
RNL BIO Company, Ltd. (I)
920
2,222
S&T Dynamics Company, Ltd.
570
9,197
S-Oil Corp.
290
39,873
S1 Corp.
180
9,234
Samchully Company, Ltd.
69
6,292
Samsung Card Company, Ltd.
400
20,224
Samsung Corp.
726
47,435
Samsung Electro-Mechanics Company, Ltd.
352
37,636
Samsung Electronics Company, Ltd.
456
386,861
Samsung Engineering Company, Ltd.
321
61,078
Samsung Fine Chemicals Company, Ltd.
232
16,876
Insurance Company, Ltd.
254
56,102
Samsung Heavy Industries Company, Ltd.
810
29,463
Samsung Fire & Marine
Samsung SDI Company, Ltd.
287
43,876
Samsung Securities Company, Ltd. (I)
305
22,365
Samsung Techwin Company, Ltd.
124
9,013
Seah Besteel Corp.
440
19,788
SeAH Holdings Corp.
102
11,979
Company, Ltd., SADR
1,200
108,684
Shinsegae Company, Ltd.
164
38,989
SK Chemicals Company, Ltd.
103
6,036
SK Energy Company, Ltd.
408
77,833
SK Holdings Company, Ltd.
94
14,197
SK Networks Company, Ltd.
610
6,829
Sk Securities Company, Ltd. (I)
3,120
5,352
SK Telecom Company, Ltd. ADR
1,400
26,334
SKC Company, Ltd.
280
13,177
STX Corp.
410
10,083
STX Engine Company, Ltd.
440
10,810
STX Pan Ocean Company, Ltd.
870
7,852
STX Shipbuilding Company, Ltd.
430
9,467
Taekwang Industrial Company, Ltd.
5
5,926
Taihan Electric Wire Company, Ltd. (I)
484
2,239
Tong Yang Investment Bank (I)
370
2,653
Woongjin Coway Company, Ltd.
680
23,463
Woongjin Holdings Company, Ltd. (I)
780
6,325
Woongjin Thinkbig Company, Ltd.
440
6,729
Woori Finance Holdings Company, Ltd.
2,130
28,198
Securities Company, Ltd. (I)
740
13,527
Young Poong Corp.
8
6,209
Youngone Holdings Company, Ltd.
130
3,882
Yuhan Corp.
106
14,301
Shinhan Financial Group
Woori Investment &
4,036,556
Spain - 0.64%
Abengoa SA (I)
391
12,946
Abertis Infraestructuras SA
1,887
40,984
Acciona SA
190
20,644
Acerinox SA
1,123
22,160
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Spain (continued)
ACS Actividades de Construccion
y Servicios SA
813
Antena 3 de Television SA (I)
49
$
38,141
456
Avanzit SA (I)
7,249
4,765
Banco Bilbao Vizcaya Argentaria SA
7,656
92,948
Banco Bilbao Vizcaya Argentaria SA, SADR
9,856
118,272
Banco de Sabadell SA
6,485
28,405
Banco de Valencia SA (I)
1,818
8,139
Banco Espanol De Credito SA
577
5,235
Banco Pastor SA
1,971
9,452
Banco Popular Espanol SA
6,845
40,244
Banco Santander SA (I)
23,377
272,451
Banco Santander SA, SADR (L)
18,813
220,488
Bankinter SA (L)
2,422
16,618
Baron de Ley SA (I)
66
4,347
Bolsas y Mercados Espanoles SA
488
14,866
Campofrio Alimentacion SA (I)
807
9,158
Cementos Portland Valderrivas SA
444
9,348
Cia Espanola de Petroleos SA
245
9,772
Construcciones & Auxiliar de Ferrocarriles SA
30
17,037
Criteria Caixacorp SA
5,307
37,470
Ebro Foods SA
858
20,155
EDP Renovaveis SA (I)
1,071
7,699
Enagas SA
1,409
31,779
Faes Farma SA
465
1,873
Ferrovial SA (I)
3,229
40,503
Fomento de Construcciones SA
276
9,149
Gamesa Corporacion Tecnologica SA (I)
1,540
15,993
Gas Natural SDG SA
1,744
32,750
Gestevision Telecinco SA
1,438
16,453
Grifols SA
1,108
19,338
Grupo Catalana Occidente SA (I)
291
6,430
Grupo Empresarial Ence SA (I)
783
2,922
Iberdrola Renovables SA
8,432
36,383
Iberdrola SA
19,622
170,666
Inditex SA
970
77,869
Indra Sistemas SA
937
18,800
La Seda de Barcelona SA (I)
10,618
1,188
Laboratorios Almirall SA
481
5,380
Mapfre SA
4,256
16,046
NH Hoteles SA (I)
580
3,935
Obrascon Huarte Lain SA
995
35,943
Papeles y Cartones de Europa SA (I)
2,191
13,177
Promotora de Informaciones SA (I)
515
1,505
Prosegur Cia de Seguridad SA (I)
240
14,298
Realia Business SA (I)
3,816
9,543
Red Electrica De Espana
660
37,489
Repsol YPF SA
3,554
121,956
Repsol YPF SA, SADR
800
27,560
Sol Melia SA
724
8,320
SOS Cuetara SA (I)
2,018
1,929
Tecnicas Reunidas SA
207
12,445
Telefonica SA
95
2,378
Telefonica SA, SADR
16,500
416,130
Tubos Reunidos SA (I)
599
1,968
Vidrala SA (I)
519
15,823
Viscofan SA
232
9,209
Vocento SA (I)
703
3,637
Zardoya Otis SA
1,160
19,257
Zeltia SA (I)
2,108
8,305
2,350,529
Sweden - 0.69%
AarhusKarlshamn AB
600
17,104
Active Biotech AB (I)
427
10,842
113
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Sweden (continued)
AddTech AB
180
$
5,395
Alfa Laval AB
2,028
44,014
Angpanneforeningen AB
518
10,341
Assa Abloy AB, Series B
2,028
58,303
Atlas Copco AB, Series A
2,339
62,183
Atlas Copco AB, Series B
1,570
37,962
Atrium Ljungberg AB, B Shares
157
2,163
Avanza Bank Holding AB
300
11,610
Axfood AB
100
3,726
Axis Communications AB
628
13,298
BE Group AB (I)
1,490
9,816
Beijer Alma AB
96
2,167
Bergman & Beving AB
25
450
Betsson Abbetsson AB (I)
583
12,881
Billerud Aktibolag AB
600
6,792
Boliden AB
2,677
57,539
Bure Equity AB (I)
284
1,546
Castellum Abcastellum AB
536
7,813
CDON Group AB (I)
496
2,686
Clas Ohlson AB
376
6,108
D Carnegie & Company AB (I)
700
0
Duni AB
351
3,932
Electrolux AB (L)
1,712
44,178
Elekta AB, Series B
1,152
46,066
Eniro AB (I)
889
3,402
Etrion Corp. (I)
662
613
Fabege Abfabege Ab
638
6,905
G & L Beijer AB
55
2,479
Getinge AB, Series B
1,295
32,003
Gunnebo AB
1,340
9,135
Hakon Invest AB
916
16,166
Haldex AB (I)
1,200
18,433
Hennes & Mauritz AB, B Shares
3,551
118,036
Hexagon AB (I)
2,346
55,974
Hexpol AB
75
1,762
HIQ International AB (I)
1,776
10,742
Hoganas AB
200
7,440
Holmen AB, Series B
626
21,641
Hufvudstaden Abhufvudstaden Ab-a Shs
503
5,990
Husqvarna AB, B Shares
3,585
30,778
Husqvarna AB, Series A
1,070
9,109
Industrial & Financial Systems AB (L)
1,400
24,848
Intrum Justitia AB
459
6,687
JM AB
800
21,300
Kungsleden Abkungsleden AB
220
2,160
Lindab International AB (I)
600
7,902
Loomis AB (I)
512
8,124
Lundin Petroleum AB (I)
2,903
41,628
Meda AB
2,924
28,154
Medivir AB (I)
250
5,545
Micronic Laser Systems AB (I)
2,274
6,683
Modern Times Group AB, B Shares
496
37,713
NCC AB
467
13,381
Net Entertainment Ne AB (I)
203
1,897
New Wave Group AB
1,015
8,742
Nibe Industrier AB
476
8,173
Nobia AB (I)
4,653
43,650
Nordea Bank AB (L)
18,930
207,282
Nordic Mines Ab (I)
784
8,050
PA Resources AB (I)
475
345
Peab AB
2,689
23,964
Proffice AB
1,892
10,372
Ratos AB
905
35,779
Rezidor Hotel Group AB (I)
1,181
7,445
Saab AB
662
14,443
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Sweden (continued)
Sandvik AB
3,835
Scania AB, Series B
725
$
72,504
16,837
Seco Tools AB
474
8,409
Securitas AB, Series B
2,105
25,066
AB, Series A (L)
10,992
98,078
Skanska AB, Series B (L)
2,913
61,325
SKF AB
245
7,158
SKF AB, B Shares
1,824
53,122
SkiStar AB
355
6,117
SSAB AB, Series A
983
15,556
SSAB AB, Series B
470
6,513
Svenska Cellulosa AB (L)
4,426
71,209
Svenska Handelsbanken AB, Series A (L)
2,939
96,467
Sweco AB
449
4,623
Skandinaviska Enskilda Banken
Swedbank AB, Class A
5,160
88,328
Swedish Match AB
1,480
49,193
Swedish Orphan Biovitrum AB (I)
28
128
Systemair AB
211
3,377
Tele2 AB, Series B
2,152
49,822
Telefonaktiebolaget LM Ericsson
2,500
32,150
Telefonaktiebolaget LM Ericsson, A Shares
272
3,419
Telefonaktiebolaget LM Ericsson, B Shares
11,837
152,221
Teliasonera AB (L)
11,141
96,357
Trelleborg AB, Series B
821
8,425
Volvo AB, Series A
2,331
40,813
Volvo AB, Series B (L)
4,814
84,586
361
10,749
Wihlborgs Fastigheter Abwihlborgs
Fastigheter Ab
2,566,342
Switzerland - 1.44%
ABB, Ltd. (I)
12,743
306,799
Actelion, Ltd. (I)
592
34,045
Adecco SA
842
55,455
AFG Arbonia-Forster Holding AG
54
2,071
Allreal Holding AG (I)
49
7,585
Aryzta AG
797
40,768
Ascom Holding AG
647
9,998
Bachem Holding AG
51
2,765
Baloise Holding AG
399
39,536
Bank Coop AG
219
16,091
Bank Sarasin & Compagnie AG
196
8,535
Banque Cantonale Vaudoise (I)
51
28,892
Barry Callebaut AG (I)
20
16,371
Basilea Pharmaceutica AG (I)
119
8,577
Basler Kantonalbank
42
6,406
Belimo Holding AG
4
8,709
Berner Kantonalbank
51
13,475
Bobst Group AG (I)
236
10,803
Bucher Industries AG
32
7,332
Burckhardt Compression Holding AG
4
1,260
Centralschweizerische Kraftwerke AG
13
4,618
Charles Voegele Holding AG (I)
176
12,960
Clariant AG (I)
3,320
59,878
Compagnie Financiere Richemont SA
3,171
183,109
Conzzeta Holding AG
4
9,485
Credit Suisse Group AG, SADR
6,000
255,480
Daetwyler Holding AG
23
2,099
Dufry Group AG (I)
120
13,803
EFG International (I)
308
4,574
EMS-Chemie Holding AG
77
14,367
Energiedienst Holding AG (I)
22
1,312
Flughafen Zuerich AG
27
11,255
Forbo Holding AG (I)
23
17,287
114
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Switzerland (continued)
Galenica Holding AG
30
GAM Holding, Ltd. (I)
1,213
$
18,498
23,048
Gategroup Holding Ag (I)
136
7,153
Geberit AG (I)
245
53,404
Georg Fischer AG (I)
30
16,860
Givaudan AG (I)
45
45,308
Gurit Heberlein AG (I)
16
11,383
Helvetia Patria Holding AG (I)
24
9,949
Holcim, Ltd.
1,535
115,597
Implenia AG (I)
111
3,733
Julius Baer Group, Ltd. (I)
1,593
69,149
Kaba Holding AG
47
19,618
Kudelski SA
786
14,348
Kuehne & Nagel International AG
323
45,188
Kuoni Reisen Holding AG (I)
39
17,969
LEM Holding SA
16
9,942
Lindt & Spruengli AG - REG
1
32,502
Logitech International SA (I)
1,458
26,286
Lonza Group AG (I)
368
30,830
Luzerner Kantonalbank AG
38
13,531
Micronas Semiconductor Holding AG (I)
1,672
17,188
Mobilezone Holding AG
918
10,990
Mobimo Holding AG (I)
62
14,291
Nestle SA
12,729
730,387
Nobel Biocare Holding AG (I)
548
11,360
Novartis AG, ADR
10,100
548,935
Orell Fuessli Holding AG
57
8,237
Panalpina Welttransport Holding AG (I)
188
23,445
Partners Group Holding AG
72
13,767
Petroplus Holdings AG (I)
805
12,708
Precious Woods Holding AG (I)
138
2,640
PSP Swiss Property AG (I)
76
6,259
PubliGroupe SA
25
3,279
Rieter Holding AG (I)
46
18,847
Roche Holdings AG
2,306
329,392
Roche Holdings AG CHF
100
16,380
Romande Energie Holding SA
8
13,770
Schindler Holding AG - REG
174
21,019
Schulthess Group AG (I)
116
6,636
Schweiter Technologies AG
25
18,520
Schweizerhall Holding AG (I)
47
4,237
Schweizerische National-VersicherungsGesellschaft AG
483
19,182
SGS SA
29
51,675
Sika AG
13
31,299
Sonova Holding AG
188
16,755
St. Galler Kantonalbank
37
19,136
Straumann Holding AG
53
13,626
Sulzer AG
175
26,375
Swatch Group AG
292
23,208
Swiss Life Holding (I)
221
36,528
Swiss Reinsurance Company, Ltd. (I)
2,687
153,796
Swisscom AG
131
58,408
Swisslog Holding AG (I)
10,748
10,534
Swissquote Group Holding SA (I)
142
8,512
Syngenta AG, ADR
2,500
162,925
Tamedia AG
61
7,712
TE Connectivity, Ltd.
2,000
69,640
Tecan Group AG (I)
62
4,896
Temenos Group AG (I)
448
16,965
The Swatch Group AG, BR Shares
205
90,600
Tyco International, Ltd.
1,829
81,884
UBS AG (Swiss Exchange) (I)
21,485
385,651
Unaxis Holding AG (I)
520
4,007
Valiant Holding AG
141
19,326
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Switzerland (continued)
Valora Holding AG
66
$
22,134
Vontobel Holding AG
286
11,056
WMH Walter Meier AG
28
7,645
Ypsomed Holding AG (I)
2
124
Zehnder Group AG
10
28,284
Zurich Financial Services AG (I)
1,130
316,375
5,330,541
Taiwan - 0.86%
Accton Technology Corp.
15,000
9,678
Acer, Inc.
12,287
25,080
Advanced Semiconductor Engineering, Inc.
30,797
33,568
Ali Corp.
8,000
9,874
Altek Corp.
4,080
5,594
AmTRAN Technology Company, Ltd.
9,444
7,971
Asia Cement Corp.
16,294
18,297
Asia Optical Company, Inc. (I)
5,000
9,783
Asia Polymer Corp.
8,000
13,801
Asia Vital Components Company Ltd.
10,000
11,157
Asustek Computer, Inc.
2,468
21,338
AU Optronics Corp. (I)
5,523
48,492
BES Engineering Corp.
46,000
13,643
Capital Securities Corp.
15,176
6,789
Career Technology Mfg. Company, Ltd.
3,000
5,246
Catcher Technology Company, Ltd.
5,720
28,321
Cathay Financial Holdings Company, Ltd.
24,622
40,606
Development Company, Ltd.
18,000
8,745
Chang Hwa Commercial Bank, Ltd.
29,000
23,284
Cheng Loong Corp.
5,000
2,362
Cheng Shin Rubber Industry Company, Ltd.
8,250
19,137
Cheng Uei Precision Industry Company, Ltd.
5,151
9,990
Chia Hsin Cement Corp.
14,280
8,154
Chicony Electronics Company, Ltd.
5,508
9,875
Chimei Innolux Corp. (I)
32,365
33,204
Chin-Poon Industrial Company, Ltd.
9,000
7,348
China Airlines, Ltd. (I)
22,320
12,823
Pharmaceutical Company, Ltd.
1,000
854
China Development Financial Holdings Corp.
140,642
56,702
China Life Insurance Company, Ltd.
14,794
14,923
China Petrochemical Development Corp. (I)
10,600
13,476
China Steel Chemical Corp.
3,000
16,021
China Steel Corp.
43,060
51,442
Chinatrust Financial Holding Company, Ltd.
46,118
39,164
Chinese Maritime Transport, Ltd.
3,000
6,368
Chong Hong Construction Company
4,080
9,229
Machinery Manufacturing Corp.
17,000
10,506
Chung Hung Steel Corp. (I)
7,164
4,331
Chunghwa Picture Tubes, Ltd. (I)
29,162
3,631
Chunghwa Telecom Company, Ltd., ADR
1,570
48,921
Clevo Company
5,000
10,136
CMC Magnetics Corp. (I)
50,000
12,112
Compal Electronics, Inc.
16,575
16,447
Compeq Manufactuing Company, Ltd. (I)
5,000
2,963
CTCI Corp.
6,000
6,837
Cyberlink Corp.
2,015
6,183
Cybertan Technology, Inc.
5,000
4,839
D-Link Corp.
7,980
7,426
Delta Electronics, Inc.
8,241
32,658
Depo Auto Parts Industrial Company, Ltd.
3,000
7,336
E.Sun Financial Holding Company, Ltd.
28,658
18,035
Elan Microelectronics Corp.
5,050
6,865
Elite Material Co Ltdelite Material Co Ltd.
5,000
5,494
Cathay Real Estate
China Chemical &
Chung Hsin Electric &
115
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Taiwan (continued)
Epistar Corp.
6,000
Eternal Chemical Company, Ltd.
9,450
$
22,001
11,155
EVA Airways Corp. (I)
27,920
21,989
& Transport Corp.
6,000
4,797
Everlight Chemical Industrial Corp.
9,000
9,294
Far Eastern Department Stores Company, Ltd.
11,613
18,356
Far Eastern New Century Corp.
15,750
24,345
Telecommunications Company, Ltd.
9,000
13,470
Farglory Land Development Company, Ltd.
5,000
10,665
First Financial Holding Company, Ltd.
41,087
35,225
Forhouse Corp.
7,000
6,635
Formosa Chemicals & Fibre Corp.
13,390
50,732
Formosa Petrochemical Corp.
3,000
9,839
Formosa Plastic Corp.
16,470
57,951
Formosa Taffeta Company, Ltd.
12,000
12,050
Foxconn Technology Company, Ltd.
6,757
25,763
FSP Technology, Inc.
8,000
10,096
Fubon Financial Holding Company, Ltd.
20,998
27,894
Gemtek Technology Corp.
5,104
5,860
Getac Technology Corp.
14,000
7,477
Giant Manufacturing Company, Ltd.
3,000
12,193
Gigastorage Corp.
6,269
10,626
Gintech Energy Corp
5,049
16,096
Construction Company, Ltd.
20,581
9,056
Grand Pacific Petrochemical Corp.
14,000
8,607
Great Wall Enterprise Company, Ltd.
10,000
10,681
Hey Song Corp.
14,000
11,047
Ho Tung Chemical Corp. (I)
8,000
4,557
Holystone Enterprise Company, Ltd.
7,643
9,411
Hon Hai Precision Industry Company, Ltd.
32,636
114,372
Hotai Motor Company, Ltd.
5,000
14,713
HTC Corp.
2,535
99,198
Hua Nan Financial Holdings Company, Ltd.
28,491
21,292
Huaku Development Company, Ltd.
3,178
8,896
Hung Poo Real Estate Development Corp.
5,000
5,924
Inotera Memories, Inc. (I)
13,000
6,636
Inventec Company, Ltd.
20,616
10,508
King’s Town Bank (I)
36,000
20,239
Kinsus Interconnect Technology Corp.
4,000
12,313
Kuoyang Construction Company Ltd. (I)
13,000
9,066
Largan Precision Company, Ltd.
1,020
27,563
Lee Chang Yung Chemical Industries Corp.
7,321
21,034
Lien Hwa Industrial Corp.
15,000
10,448
Lite-On Technology Corp.
22,265
27,421
Macronix International Company, Ltd.
27,269
18,093
Evergreen International Storage
Far EasTone
Goldsun Development &
Makalot Industrial Company, Ltd.
1,000
2,346
MediaTek, Inc.
4,026
46,247
Mega Financial Holding Company, Ltd.
47,000
37,014
Micro-Star International Company, Ltd.
7,642
3,900
Mitac International
14,559
6,256
NAN Kang Rubber Tire Company, Ltd. (I)
8,000
12,191
Nan Ya Plastics Corp.
24,870
73,258
Nanya Technology Corp. (I)
27,181
14,162
Nien Hsing Textile Company, Ltd.
13,000
10,251
Opto Technology Corp.
9,000
6,522
Oriental Union Chemical Corp.
9,000
12,652
Pegatron Corp. (I)
6,642
7,525
Phihong Technology Company, Ltd.
5,851
9,820
Polaris Securities Company, Ltd.
12,000
8,123
Pou Chen Corp.
22,596
20,868
Powercom Compnay Ltd. (I)
5,000
11,507
Powertech Technology, Inc.
3,000
9,386
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Taiwan (continued)
President Chain Store Corp.
4,544
Prince Housing Development Corp.
12,000
$
20,151
7,247
Quanta Computer, Inc.
13,080
24,701
Radiant Opto-Electronics Corp.
6,180
14,887
Radium Life Tech Company, Ltd.
9,270
10,516
Realtek Semiconductor Corp.
4,080
7,329
Richtek Technology Corp.
1,050
7,270
Ritek Corp. (I)
45,359
13,588
Ruentex Development Company, Ltd.
6,000
9,741
Sampo Corp. (I)
30,000
10,024
Sanyang Industrial Company, Ltd. (I)
42,000
24,791
Holding Company, Ltd. (I)
42,512
18,441
Shin Zu Shing Company, Ltd.
2,099
5,546
Ltdshinkong Textile Co Ltd.
1,000
1,355
Sigurd Microelectronics Corp.
12,000
11,045
Siliconware Precision Industries Company
2,812
16,984
Sincere Navigation Corp.
7,000
7,642
SinoPac Holdings Company, Ltd.
66,000
29,752
Corpsintek Photronic Corp. (I)
15,000
13,779
Sonix Technology Company, Ltd.
5,000
9,564
Standard Foods Corp.
6,900
18,760
Synnex Technology International Corp.
6,045
14,091
Join Transportation Co
4,000
4,003
Ta Chen Stainless Pipe Company, Ltd.
11,000
7,624
Ta Chong Bank Company, Ltd. (I)
12,000
4,471
Shin Kong Financial
Shinkong Textile Co
Sintek Photronic
T Join Transportation Cot
Tainan Spinning Company, Ltd.
25,500
16,930
Taishin Financial Holdings Company, Ltd. (I)
38,289
21,690
Taiwan Business Bank (I)
26,000
10,330
Taiwan Cement Corp.
18,740
22,613
Taiwan Cogeneration Corp.
16,000
11,019
Taiwan Cooperative Bank
36,850
28,924
Taiwan Fertilizer Company, Ltd.
7,000
20,575
Taiwan Glass Industrial Corp.
10,300
13,011
Taiwan Mobile Company, Ltd.
4,000
9,412
Taiwan Paiho, Ltd.
3,000
3,455
Manufacturing Company, Ltd.
85,530
205,072
Taiwan Tea Corp.
18,218
10,445
Teco Electric & Machinery Company, Ltd.
20,000
13,999
Test-Rite International Company, Ltd.
14,000
10,739
The Ambassador Hotel
9,000
12,694
Ton Yi Industrial Corp.
10,000
5,437
Tong Yang Industry Company, Ltd.
6,000
8,619
Tsann Kuen Enterprise Company, Ltd. (I)
5,000
10,255
Tung Ho Steel Enterprise Corp.
3,212
3,726
Tyntek Corp.
8,000
6,223
U-Ming Marine Transport Corp.
4,000
8,511
Uni-President Enterprises Corp.
19,924
27,289
Unimicron Technology Corp.
6,000
10,208
United Integrated Services Company, Ltd.
7,000
9,736
United Microelectronics Corp.
97,620
50,737
Universal Cement Corp.
15,000
9,568
Unizyx Holding Corp. (I)
6,000
5,491
UPC Technology Corp.
17,339
12,844
Walsin Lihwa Corp. (I)
39,000
20,500
Wan Hai Lines, Ltd. (I)
8,400
5,879
Waterland Financial Holding Company
23,430
12,771
Wei Chuan Food Corp.
9,000
10,000
Winbond Electronics Corp. (I)
64,000
20,365
Wistron Corp.
13,027
20,624
WPG Holdings Company, Ltd.
5,899
9,934
Taiwan Semiconductor
116
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
COMMON STOCKS (continued)
Taiwan (continued)
Value
WT Microelectronics Company, Ltd.
8,000
Yageo Corp.
39,000
$
12,219
19,091
Yang Ming Marine Transport Corp. (I)
16,499
12,935
Yeun Chyang Industrial Company, Ltd.
8,000
6,601
Young Fast Optoelectronics Company, Ltd.
1,047
7,694
Yuanta Financial Holdings Company, Ltd.
41,000
29,490
Manufacturing Company, Ltd.
26,520
11,456
Yulon Motor Company, Ltd.
11,000
20,323
Zinwell Corp.
4,000
7,294
Yuen Foong Yu Paper
3,174,701
Thailand - 0.14%
Advanced Info Service PLC
4,500
13,391
Airports of Thailand PCL
6,000
7,142
Bangkok Bank PCL
3,700
21,045
Bangkok Bank PCL (Foreign REG)
2,900
16,619
Bank of Ayudhya PCL
31,800
26,196
Banpu PCL
500
12,682
BEC World PCL
10,000
11,159
Charoen Pokphand Foods PCL
22,900
19,497
Delta Electronics Thailand PCL
15,000
13,267
Glow Energy PCL
7,500
10,415
IRPC PCL
74,400
14,144
Kasikornbank PCL (Foreign Shares)
7,700
33,426
Krung Thai Bank PCL
42,800
26,038
Land & Houses PCL
45,800
10,530
Preuksa Real Estate PCL
15,000
9,125
PTT Aromatics & Refining PCL
10,300
12,686
PTT Chemical PCL
7,500
36,700
PTT Exploration & Production PCL
5,800
34,518
PTT PCL, Foreign Shares
4,900
57,352
Siam Cement PCL
2,900
33,612
Siam City Cement PCL
1,400
9,628
Siam Commercial Bank PCL
2,300
8,213
Thai Airways International PCL
6,600
8,238
Thai Oil PCL
7,000
19,268
Supply-foreig
15,100
2,971
Thai Union Frozen Products PCL
9,135
13,894
TMB Bank PCL
210,100
16,394
Total Access Communication PCL
6,300
9,998
Thai Tap Water Supply Pclthai Tap Water
508,148
Turkey - 0.13%
Adana Cimento Sanayii Turk Anonim Sirketi
AS, Class A
2,614
9,203
Akbank AS
5,295
25,731
Akenerji Elektrik Uretim AS (I)
3,578
8,307
Aksa Akrilik Kimya Sanayi AS
4,202
9,890
Albaraka Turk Katilim Bankasi AS
2,272
3,380
Anadolu Efes Biracilik ve Malt Sanayii AS
1,058
14,960
Arcelik AS
2,206
10,207
Aygaz AS
1,926
12,237
BIM Birlesik Magazalar AS
718
24,154
Dogan Sirketler Grubu Holdings AS (I)
10,683
8,284
Dogan Yayin Holding AS (I)
8,221
10,531
Dogus Otomotiv Servis ve Ticaret AS (I)
2,597
9,850
Enka Insaat ve Sanayi AS
1,643
6,337
Eregli Demir ve Celik Fabrikalari AS (I)
2,757
7,379
Eregli Demir ve Celik Fabrikalari TAS (I)
947
2,380
Ford Otomotiv Sanayi AS
1,110
10,609
GSD Holding AS (I)
8,585
5,442
Hurriyet Gazetecilik AS
6,741
8,809
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Turkey (continued)
Kardemir Karabuk Demir Celik Sanayi Ve
Ticaret AS, Class D (I)
6,724
$
3,783
Kartonsan Karton Sanayi ve Ticaret AS
65
8,593
KOC Holdings AS
4,095
19,013
Isletmeleri AS (I)
3,080
9,478
Petkim Petrokimya Holding AS (I)
7,013
10,664
Sekerbank AS (I)
7,457
8,355
Tav Havalimanlari Holding As (I)
958
4,569
Tekfen Holding AS
2,147
8,414
Tofas Turk Otomobil Fabrik AS
1,937
10,947
Trakya Cam Sanayi AS (I)
4,619
10,791
Tupras Turkiye Petrol Rafine AS
1,188
34,862
Turk Ekonomi Bankasi AS
4,685
6,526
Turk Hava Yollari AS (I)
2,543
7,078
Turk Sise ve Cam Fabrikalari AS (I)
6,933
15,632
Turk Telekomunikasyon AS
2,270
11,415
Turkcell Iletisim Hizmetleri AS, ADR
1,700
25,551
Turkiye Garanti Bankasi AS
5,912
27,655
Turkiye Halk Bankasi AS
1,645
12,737
Turkiye Is Bankasi AS
8,874
28,400
Turkiye Sinai Kalkinma Bankasi AS
5,700
9,971
Turkiye Vakiflar Bankasi Tao
3,744
9,364
Ulker Gida Sanayi ve Ticaret AS
2,983
10,864
Yapi ve Kredi Bankasi AS (I)
4,484
12,870
Koza Anadolu Metal Madencilik
495,222
United Arab Emirates - 0.02%
Dragon Oil PLC
5,726
54,458
A.G. Barr PLC
978
19,298
Aberdeen Asset Management PLC
7,201
24,360
Acergy SA
2,436
61,491
Admiral Group PLC
1,595
39,794
Aegis Group PLC
13,519
30,968
Afren PLC (I)
4,344
11,344
Aga Rangemaster Group PLC
3,162
6,341
United Kingdom - 4.15%
Aggreko PLC
2,431
61,462
AMEC PLC (I)
2,895
55,344
Amlin PLC
5,558
34,035
Anglo American PLC
7,328
376,782
Antofagasta PLC
2,944
64,205
Arm Holdings PLC
4,100
115,497
Ashmore Group PLC
2,022
10,756
Ashtead Group PLC
2,287
7,281
Associated British Foods PLC (I)
2,912
46,382
Assura Group, Ltd.
5,036
3,573
AstraZeneca PLC, SADR (L)
7,800
359,736
Autonomy Corp. PLC (I)
1,864
47,572
Aveva Group PLC
375
9,715
Aviva PLC (I)
20,827
144,643
Babcock International Group PLC
4,249
42,307
BAE Systems PLC (I)
24,883
129,842
Balfour Beatty PLC
7,040
38,817
Barclays PLC
15,600
282,984
Barratt Developments PLC (I)
569
1,004
BBA Aviation PLC
4,353
14,190
Beazley PLC
7,685
15,188
Bellway PLC
1,862
20,818
Berkeley Group Holdings PLC (I)
769
12,856
BG Group PLC
17,182
426,838
BHP Billiton PLC
5,100
405,960
Bodycote PLC
1,394
7,404
Bovis Homes Group PLC (I)
816
5,704
BP PLC
11,293
82,248
117
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
United Kingdom (continued)
BP PLC, SADR
14,300
British American Tobacco PLC
963
$
631,202
38,699
British American Tobacco PLC, SADR
4,200
340,158
British Sky Broadcasting Group PLC
1,500
79,815
Britvic PLC
1,286
8,159
BT Group PLC
4,200
126,336
BTG PLC (I)
3,898
14,251
Bunzl PLC
2,935
35,055
Burberry Group PLC
3,714
69,956
Cable & Wireless Communications PLC
17,566
12,856
Cable & Wireless Worldwide
17,566
14,777
Cairn Energy PLC (I)
9,527
70,710
Capita Group PLC
3,825
45,633
Capital & Regional PLC (I)
1,359
850
Carillion PLC
5,864
35,752
Carnival PLC
1,900
75,259
Centrica PLC
23,869
124,491
Charter International PLC
2,032
26,337
Chemring Group Plc
1,365
15,162
Chesnara PLC
1,469
5,807
Cineworld Group PLC
2,556
8,513
Close Brothers Group PLC
2,056
27,882
Cobham PLC
7,963
29,446
Colt Telecom Group SA (I)
4,670
11,187
Compass Group PLC (I)
12,354
111,192
Computacenter PLC
4,615
32,184
Connaught PLC
406
0
Cookson Group PLC (I)
3,162
34,993
Croda International PLC (I)
768
20,665
CSR PLC (I)
763
4,527
D.S. Smith PLC
3,814
12,197
Daily Mail & General Trust
3,091
24,494
Dairy Crest Group PLC
1,305
7,522
Davis Service Group PLC
1,296
10,000
De La Rue PLC
1,136
14,385
Debenhams PLC (I)
18,950
17,984
Development Securities PLC
1,830
6,561
Diageo PLC, SADR
3,700
282,014
Dicom Group PLC (I)
695
5,791
Diploma PLC
2,172
11,163
Dixons Retail PLC (I)
27,929
5,628
Domino Printing Sciences PLC
631
6,383
Drax Group PLC
2,951
18,762
Dunelm Group PLC
675
4,157
Eaga PLC
2,873
5,435
easyJet PLC (I)(S)
2,229
12,174
Electrocomponents PLC
2,084
8,937
Elementis PLC (I)
3,596
8,772
Enquest PLC (I)
5,935
12,968
Ensco International PLC, ADR
2,100
121,464
Enterprise Inns PLC (I)
1,488
2,114
Eurasian Natural Resources Corp.
1,380
20,721
Evolution Group PLC
6,137
7,578
F&C Asset Management PLC
4,118
5,012
Fenner PLC
4,741
27,387
Fidessa Group PLC
652
18,308
Filtrona PLC
4,504
21,952
FirstGroup PLC
4,847
25,380
Forth Ports PLC
298
7,816
Fresnillo PLC
1,460
36,214
G4S PLC
9,075
37,183
Galliford Try PLC
1,829
11,003
Game Group PLC
4,942
4,479
Gem Diamonds, Ltd. (I)
3,004
13,489
Genus PLC (I)(S)
1,065
16,128
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
United Kingdom (continued)
GKN PLC
14,913
GlaxoSmithKline PLC, ADR
8,400
$
48,134
322,644
Go-Ahead Group PLC
135
2,898
Greene King PLC
1,452
10,427
Greggs PLC
350
2,863
Halfords Group PLC
3,088
17,259
Halma PLC (I)
2,484
13,958
Hampson Industries PLC
4,514
1,956
Hargreaves Lansdown PLC
1,126
11,013
Hays PLC
14,281
26,649
Headlam Group PLC (I)
474
2,276
Helical Bar PLC
514
2,233
Henderson Group PLC
3,377
9,190
Hikma Pharmaceuticals PLC
623
7,376
Hill & Smith Holdings PLC
125
694
HMV Group PLC
2,045
500
Holidaybreak PLC (I)
1,968
10,105
Home Retail Group PLC
5,710
17,688
Homeserve PLC
3,340
23,796
Howden Joinery Group PLC (I)
1,766
3,100
HSBC Holdings PLC, SADR
24,006
1,243,511
Hunting PLC
1,995
24,853
ICAP PLC
4,862
41,188
IG Group Holdings PLC
2,931
21,469
IMI PLC
3,359
55,507
Imperial Tobacco Group PLC (I)
5,955
184,229
Imperial Tobacco Group PLC
800
49,728
Inchcape PLC (I)
1,017
5,649
Informa PLC
5,662
37,838
Inmarsat PLC
3,801
36,840
Innospec, Inc. (I)
500
15,970
Intercontinental Hotels Group PLC
2,200
45,606
Intermediate Capital Group PLC
1,170
6,130
2,398
8,817
Group SA - DI (I)
4,906
17,860
International Personal Finance PLC
1,077
5,559
International Power PLC
12,509
61,802
Intertek Group PLC
1,429
46,676
Invensys PLC
5,363
29,749
Investec PLC
5,041
38,639
ITV PLC (I)
38,008
47,211
J Sainsbury PLC
9,580
51,512
International Consolidated
Airlines Group SA (I)
International Consolidated Airlines
J.D. Wetherspoon PLC
642
4,373
Jardine Lloyd Thompson Group PLC
1,381
15,343
Jazztel PLC (I)
1,715
9,327
JKX Oil & Gas PLC (I)
308
1,557
John Wood Group PLC
3,912
40,049
Johnson Matthey PLC
1,725
51,459
Johnston Press PLC (I)
3,508
451
Kazakhmys PLC
2,396
53,707
Kcom Group PLC
13,206
13,029
Keller Group PLC
325
3,232
Kesa Electricals PLC
3,019
5,843
Kier Group PLC (I)
213
4,441
Kingfisher PLC
18,084
71,293
Ladbrokes PLC
7,440
15,826
Laird Group PLC
1,534
3,399
Lavendon Group PLC (I)
5,310
7,922
Legal & General Group PLC
42,050
77,849
Lloyds Banking Group PLC (I)
28,330
26,411
Lloyds TSB Group PLC (I)
21,187
78,392
Logica PLC (I)
14,174
29,805
London Stock Exchange Group PLC
1,258
16,828
118
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
United Kingdom (continued)
Lonmin PLC, ADR
1,319
$
36,000
Man Group PLC
10,588
41,844
Marks & Spencer Group PLC
11,372
61,407
Marston’s PLC
2,935
4,473
McBride PLC (I)
3,988
9,101
Meggitt PLC (I)
8,887
48,887
Melrose PLC
3,200
16,834
Melrose Resources PLC
307
1,231
Michael Page International PLC
1,081
8,912
Micro Focus International PLC
489
2,482
Millennium & Copthorne Hotels PLC
2,080
16,882
Misys PLC (I)
5,600
28,432
Mitchells & Butlers PLC (I)
4,567
22,093
Mitie Group PLC (I)
2,329
7,340
Mondi PLC
3,915
37,629
Morgan Crucible Company PLC
2,337
11,126
Morgan Sindall PLC
210
2,127
Mothercare PLC (I)
561
3,600
Mouchel Parkman PLC (I)
373
561
N. Brown Group PLC
922
3,752
National Express Group PLC (I)
6,583
25,906
National Grid PLC, SADR
2,098
100,788
Next PLC
1,681
53,394
Northern Foods PLC (I)
2,299
2,683
Northumbrian Water Group PLC
4,981
26,544
Novae Group PLC
791
4,605
Old Mutual PLC
44,194
96,422
Pace Micro Technology PLC (I)
2,180
5,318
Paypoint PLC
1,027
6,770
Pearson PLC
7,100
126,380
Pendragon PLC (I)
26,477
9,795
Pennon Group PLC
3,748
37,602
Persimmon PLC
5,286
37,771
Petrofac, Ltd.
2,024
48,398
Petropavlovsk PLC
879
14,058
Premier Farnell PLC
4,968
21,625
Premier Foods PLC (I)
51,558
23,116
Premier Oil PLC (I)
567
18,124
Prostrakan Group PLC (I)
2,197
4,555
Provident Financial PLC
1,356
20,887
Prudential PLC
9,400
213,568
Psion PLC
5,211
7,524
Punch Taverns PLC (I)
1,433
1,771
PZ Cussons PLC
1,458
7,635
Qinetiq PLC (I)
11,015
21,507
Quintain Estates & Development PLC (I)
3,488
2,461
Rank Group PLC
1,980
4,744
Rathbone Brothers PLC
756
14,744
Reckitt Benckiser Group PLC
3,190
163,839
Redrow PLC (I)
1,082
2,166
Reed Elsevier PLC
1,800
62,352
Rentokil Initial PLC (I)
29,942
43,227
Resolution, Ltd.
16,885
80,244
Rexam PLC
7,165
41,740
Rightmove PLC
2,571
39,200
Rio Tinto PLC, SADR
7,200
512,064
RM PLC (I)
1,719
4,080
ROK PLC
454
135
Rolls-Royce Group PLC (I)
12,848
127,581
Rotork PLC
289
8,097
Royal Bank of Scotland Group PLC (I)
26,755
17,541
Royal Bank of Scotland Group PLC, SADR (I)
5,300
69,854
RPC Group PLC (I)
4,849
21,842
RPS Group PLC (I)
1,673
5,740
RSA Insurance Group PLC (I)
27,615
58,249
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
United Kingdom (continued)
SABMiller PLC
6,786
Sage Group PLC
10,352
$
240,476
46,238
Salamander Energy PLC (I)
742
3,456
Savills PLC
3,206
18,421
Schroders PLC
749
16,922
Schroders PLC (I)
992
27,643
Scottish & Southern Energy PLC
5,123
103,633
Senior PLC
2,247
5,468
Serco Group PLC
3,723
33,357
Severfield Rowen PLC
2,280
9,690
Severn Trent PLC
2,020
47,398
Shanks Group PLC
2,270
4,154
Shire PLC, ADR
1,100
95,810
SIG PLC (I)
6,281
14,052
Smith & Nephew PLC, SADR
1,100
62,051
Smiths Group PLC
2,696
56,160
Smiths News PLC
5,009
6,788
Soco International PLC (I)
3,480
21,395
Southern Cross Healthcare, Ltd. (I)
1,847
394
Spectris PLC
1,738
37,983
Spirax-Sarco Engineering PLC
456
14,182
Spirent Communications PLC
3,276
7,229
Sports Direct International PLC (I)
7,101
20,664
St James’s Place PLC
895
4,802
St. Modwen Properties PLC (I)
1,033
2,979
Stagecoach Group PLC
2,732
9,447
Standard Chartered PLC (I)
17,494
453,778
Standard Life PLC
18,251
60,557
Sthree PLC
3,291
21,597
TalkTalk Telecom Group PLC
5,942
13,135
Tate & Lyle PLC
4,153
38,502
Taylor Woodrow PLC (I)
12,083
7,880
Telecity Group PLC (I)
1,389
11,331
Tesco PLC (I)
45,010
274,977
The Weir Group PLC
2,679
74,397
Thomas Cook Group PLC
3,890
10,637
Travis Perkins PLC (I)
1,035
16,871
Trinity Mirror PLC (I)
1,806
1,346
TUI Travel PLC
4,353
15,849
Tullett Prebon PLC
2,196
14,419
Tullow Oil PLC
4,144
96,372
UK Coal PLC (I)
992
633
Ultra Electronics Holdings PLC (I)
805
22,260
Unilever PLC, SADR
6,000
183,720
United Business Media, Ltd.
2,888
27,735
United Utilities Group PLC
3,656
34,727
Vedanta Resources PLC
1,724
65,755
Victrex PLC
1,412
30,567
Vodafone Group PLC, SADR
25,600
736,000
W.S. Atkins PLC
1,648
18,532
WH Smith PLC
730
5,077
Whitbread PLC
1,746
46,269
William Hill PLC
6,637
19,230
William Morrison Supermarket PLC
14,470
64,067
Wincanton PLC
620
1,157
Wolfson Microelectronics PLC (I)
1,312
5,086
Wolseley PLC
2,400
80,922
Xchanging PLC (I)
4,028
5,134
XP Power, Ltd.
131
3,678
Xstrata PLC
14,590
340,664
Yell Group PLC (I)(L)
10,556
1,127
15,357,925
United States - 39.58%
1st Source Corp.
600
12,024
119
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
United States (continued)
1st United Bancorp, Inc. (I)
600
3D Systems Corp. (I)
200
$
4,212
9,710
3M Company
4,400
411,400
99 Cents Only Stores (I)
700
13,720
A. M. Castle & Company (I)
200
3,776
A. Schulman, Inc.
500
12,360
A.O. Smith Corp.
450
19,953
A123 Systems, Inc. (I)
900
5,715
AAON, Inc.
300
9,870
AAR Corp.
700
19,404
Aaron’s, Inc. (L)
1,050
26,628
Abaxis, Inc. (I)(L)
200
5,768
Abbott Laboratories
10,944
536,803
Abercrombie & Fitch Company, Class A
1,400
82,180
Abington Bancorp, Inc.
600
7,338
ABIOMED, Inc. (I)
200
2,906
ABM Industries, Inc.
1,100
27,929
AboveNet, Inc.
200
12,972
Acacia Research - Acacia Technologies (I)
700
23,954
Acadia Pharmaceuticals, Inc. (I)
100
162
Accelrys, Inc. (I)
312
2,496
ACCO Brands Corp. (I)
1,100
10,494
Accuray, Inc. (I)
749
6,763
Aceto Corp.
700
5,579
ACI Worldwide, Inc. (I)
400
13,120
Acme Packet, Inc. (I)
900
63,864
Activision Blizzard, Inc.
7,300
80,081
Actuant Corp., Class A
900
26,100
Actuate Corp. (I)
1,000
5,200
Acuity Brands, Inc.
700
40,943
Acxiom Corp. (I)
1,700
24,395
Adobe Systems, Inc. (I)
3,359
111,384
ADPT Corp. (I)
1,500
4,410
ADTRAN, Inc. (L)
800
33,968
Advance America Cash Advance Centers, Inc.
900
4,770
Advance Auto Parts, Inc.
1,000
65,620
Advanced Analogic Technologies, Inc. (I)
1,200
4,536
Advanced Energy Industries, Inc. (I)
400
6,540
Advanced Micro Devices, Inc. (I)
8,500
73,100
Advent Software, Inc. (I)(L)
800
22,936
Aecom Technology Corp. (I)
900
24,957
AEP Industries, Inc. (I)
200
5,944
Aeropostale, Inc. (I)
1,297
31,543
Aerovironment, Inc. (I)(L)
300
10,491
Aetna, Inc.
4,300
160,949
AFC Enterprises, Inc. (I)
500
7,565
Affiliated Managers Group, Inc. (I)
900
98,433
Affymax, Inc. (I)
500
2,935
Affymetrix, Inc. (I)
1,200
6,252
Aflac, Inc.
4,300
226,954
AGCO Corp. (I)
1,300
71,461
Agilent Technologies, Inc. (I)
3,400
152,252
Agilysys, Inc. (I)
300
1,722
AGL Resources, Inc.
1,100
43,824
Air Methods Corp. (I)
300
20,175
Air Products & Chemicals, Inc.
1,500
135,270
Air Transport Services Group, Inc. (I)
1,700
14,365
Aircastle, Ltd.
1,100
13,277
Airgas, Inc.
1,200
79,704
AirTran Holdings, Inc. (I)
1,900
14,155
AK Steel Holding Corp.
1,500
23,670
Akamai Technologies, Inc. (I)
2,219
84,322
Alamo Group, Inc.
400
10,980
Alaska Air Group, Inc. (I)
500
31,710
Alaska Communications Systems Group, Inc.
700
7,455
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
United States (continued)
Albany International Corp., Class A
400
Albemarle Corp.
1,000
$
9,960
59,770
Alberto-Culver Company
1,300
48,451
Alcoa, Inc.
12,000
211,800
Alere, Inc. (I)
1,200
46,968
Alexander & Baldwin, Inc.
800
36,520
Alexion Pharmaceuticals, Inc. (I)
800
78,944
Alico, Inc.
100
2,677
Align Technology, Inc. (I)
1,300
26,624
Alkermes, Inc. (I)
1,600
20,720
Alleghany Corp. (I)
104
34,435
Allegheny Technologies, Inc.
1,700
115,124
Allegiant Travel Company (L)
300
13,143
Allergan, Inc.
2,100
149,142
Allete, Inc.
600
23,382
Alliance Data Systems Corp. (I)(L)
700
60,123
Alliance HealthCare Services, Inc. (I)
200
884
Alliance One International, Inc. (I)(L)
2,600
10,452
Alliant Energy Corp.
1,000
38,930
Alliant Techsystems, Inc.
400
28,268
Allied Nevada Gold Corp. (I)
1,525
54,107
Allos Therapeutics, Inc. (I)
300
951
Allscripts-Misys Healthcare Solutions, Inc. (I)
2,600
54,574
Almost Family, Inc. (I)
100
3,764
Alnylam Pharmaceuticals, Inc. (I)(L)
400
3,828
Alon USA Energy, Inc. (L)
1,300
17,810
Alpha Natural Resources, Inc. (I)(L)
1,716
101,879
Alphatec Holdings, Inc. (I)
1,000
2,700
Altera Corp.
2,500
110,050
Altra Holdings, Inc. (I)
300
7,086
Altria Group, Inc.
14,764
384,307
AMAG Pharmaceuticals, Inc. (I)
300
5,010
Amazon.com, Inc. (I)
3,000
540,390
Ambassadors Group, Inc.
200
2,190
AMCOL International Corp.
500
17,990
Amedisys, Inc. (I)
500
17,500
AMERCO, Inc. (I)
350
33,950
Ameren Corp.
2,200
61,754
America Service Group, Inc.
200
5,128
Manufacturing Holdings, Inc. (I)
1,000
12,590
American Capital, Ltd. (I)
3,331
32,977
American Dental Partners, Inc. (I)
200
2,624
American Eagle Outfitters, Inc.
2,679
42,569
American Electric Power Company, Inc.
3,242
113,924
Holding Company
1,100
14,432
American Express Company
8,000
361,600
American Financial Group, Inc.
1,600
56,032
American International Group, Inc. (I)
1,100
38,654
Systems Holdings, Inc. (I)(L)
1,000
21,640
American National Insurance Company
300
23,751
American Public Education, Inc. (I)
200
8,090
American Railcar Industries, Inc. (I)
400
9,984
American Reprographics Company (I)
900
9,315
American Science & Engineering, Inc.
100
9,236
American States Water Company
200
7,172
American Axle &
American Equity Investment Life
American Medical
American Tower Corp., Class A (I)
2,765
143,282
American Vanguard Corp.
200
1,736
American Water Works Company, Inc.
1,500
42,075
American Woodmark Corp.
100
2,088
Americas Car-Mart, Inc. (I)
200
5,156
Amerigon, Inc. (I)
400
6,108
AMERIGROUP Corp. (I)
1,000
64,250
120
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
United States (continued)
Ameriprise Financial, Inc.
2,600
$
158,808
Ameris Bancorp (I)(L)
203
2,062
AMERISAFE, Inc. (I)
200
4,422
AmerisourceBergen Corp.
2,800
110,768
Ameristar Casinos, Inc.
1,000
17,750
Ameron International Corp.
100
6,979
AMETEK, Inc.
2,100
92,127
Amgen, Inc. (I)
8,528
455,822
Amicus Therapeutics, Inc. (I)
400
2,836
Amkor Technology, Inc. (I)
2,800
18,872
AMN Healthcare Services, Inc. (I)
400
3,464
Ampco-Pittsburgh Corp.
100
2,758
Amphenol Corp., Class A
1,592
86,589
AMR Corp. (I)(L)
4,700
30,362
AmSurg Corp. (I)
500
12,720
Amtrust Financial Services, Inc.
900
17,163
Anadarko Petroleum Corp.
4,900
401,408
Anadigics, Inc. (I)
1,200
5,376
Anadys Pharmaceuticals, Inc. (I)
1,300
1,508
Analog Devices, Inc.
2,720
107,114
Analogic Corp.
200
11,310
Anaren, Inc. (I)
300
6,030
Ancestry.com, Inc. (I)
600
21,270
AngioDynamics, Inc. (I)
200
3,024
Anika Therapeutics, Inc. (I)
500
4,480
Anixter International, Inc.
500
34,945
Ann, Inc. (I)
1,200
34,932
ANSYS, Inc. (I)
1,400
75,866
AOL, Inc. (I)
1,566
30,584
AON Corp.
2,600
137,696
APAC Customer Services, Inc. (I)
700
4,207
Apache Corp.
3,300
432,036
Apogee Enterprises, Inc.
400
5,276
Apollo Group, Inc., Class A (I)
800
33,368
Apple, Inc. (I)
6,900
2,404,305
Applied Industrial Technologies, Inc.
800
26,608
Applied Materials, Inc.
12,400
193,688
Applied Micro Circuits Corp. (I)
900
9,342
Approach Resources, Inc. (I)
400
13,440
AptarGroup, Inc.
1,244
62,362
Aqua America, Inc. (L)
2,084
47,703
Arbitron, Inc.
400
16,012
Arch Chemicals, Inc.
200
8,318
Arch Coal, Inc.
2,300
82,892
Archer-Daniels-Midland Company
5,512
198,487
Ardea Biosciences, Inc. (I)
300
8,607
Arena Pharmaceuticals, Inc. (I)
600
834
ARIAD Pharmaceuticals, Inc. (I)
2,200
16,544
Ariba, Inc. (I)
1,400
47,796
Arkansas Best Corp.
300
7,776
Armstrong World Industries, Inc.
1,100
50,897
Arqule, Inc. (I)
600
4,296
Arris Group, Inc. (I)
1,850
23,569
Arrow Electronics, Inc. (I)
1,700
71,196
Arrow Financial Corp.
212
5,245
ArthroCare Corp. (I)
300
10,002
Arthur J. Gallagher & Company
1,420
43,182
Aruba Networks, Inc. (I)
1,300
43,992
Ascena Retail Group, Inc. (I)
1,100
35,651
Ashland, Inc.
1,300
75,088
Asset Acceptance Capital Corp. (I)
200
1,074
Assisted Living Concepts, Inc. (I)
160
6,262
Associated-Banc Corp.
1,800
26,730
Assurant, Inc.
1,700
65,467
Astec Industries, Inc. (I)
400
14,916
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
United States (continued)
Astoria Financial Corp.
1,700
AT&T, Inc.
54,550
$
24,429
1,669,192
athenahealth, Inc. (I)
500
22,565
Atheros Communications, Inc. (I)
900
40,185
Atlantic Tele-Network, Inc.
200
7,438
Atlas Air Worldwide Holdings, Inc. (I)
400
27,888
Atmel Corp. (I)
6,000
81,780
ATMI, Inc. (I)
400
7,552
Atmos Energy Corp.
1,300
44,330
ATP Oil & Gas Corp. (I)(L)
600
10,866
Atwood Oceanics, Inc. (I)
1,100
51,073
Audiovox Corp., Class A (I)
700
5,600
Autodesk, Inc. (I)
2,000
88,220
Automatic Data Processing, Inc.
3,465
177,789
AutoNation, Inc. (I)(L)
1,900
67,203
AutoZone, Inc. (I)
500
136,780
AVANIR Pharmaceuticals, Class A (I)
187
763
Avatar Holdings, Inc. (I)
100
1,979
Avery Dennison Corp.
1,200
50,352
Aviat Networks, Inc. (I)
1,300
6,721
Avid Technology, Inc. (I)
800
17,840
Avis Budget Group, Inc. (I)
2,200
39,402
Avista Corp.
700
16,191
Avnet, Inc. (I)
2,100
71,589
Avon Products, Inc.
2,800
75,712
AVX Corp.
2,300
34,293
AXT, Inc. (I)
800
5,736
AZZ, Inc.
300
13,680
B&G Foods, Inc.
700
13,139
Badger Meter, Inc.
300
12,363
Baker Hughes, Inc.
4,788
351,583
Balchem Corp.
450
16,884
Ball Corp.
2,000
71,700
Bally Technologies, Inc. (I)
700
26,495
BancFirst Corp.
200
8,536
Bancorp, Inc. (I)
700
6,461
BancorpSouth, Inc. (L)
1,300
20,085
Bank Mutual Corp.
1,200
5,076
Bank of America Corp.
106,291
1,416,859
Bank of Hawaii Corp.
800
38,256
Bank of the Ozarks, Inc.
200
8,742
BankFinancial Corp.
300
2,757
Barnes & Noble, Inc. (L)
1,000
9,190
Barnes Group, Inc.
1,100
22,968
Barrett Business Services, Inc.
312
5,011
Baxter International, Inc.
3,500
188,195
BB&T Corp.
6,800
186,660
BE Aerospace, Inc. (I)
1,320
46,900
Beacon Roofing Supply, Inc. (I)
1,000
20,470
Beazer Homes USA, Inc. (I)
900
4,113
Bebe Stores, Inc.
1,500
8,775
Beckman Coulter, Inc.
1,000
83,070
Becton, Dickinson & Company
1,700
135,354
Bed Bath & Beyond, Inc. (I)
1,800
86,886
Bel Fuse, Inc., Class B
300
6,603
Belden, Inc.
300
11,265
Belo Corp., Class A (I)
600
5,286
Bemis Company, Inc.
1,500
49,215
Benchmark Electronics, Inc. (I)
700
13,279
Beneficial Mutual Bancorp, Inc. (I)
1,600
13,792
Berkshire Hathaway, Inc., Class B (I)
4,069
340,290
Berkshire Hill Bancorp, Inc.
200
4,170
Berry Petroleum Company, Class A
900
45,405
Best Buy Company, Inc.
3,100
89,032
BGC Partners, Inc., Class A
1,200
11,148
121
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
United States (continued)
Big 5 Sporting Goods Corp.
400
Big Lots, Inc. (I)
1,200
$
4,768
52,116
BigBand Networks, Inc. (I)
1,300
3,315
Biglari Holdings, Inc. (I)
25
10,589
Bill Barrett Corp. (I)
700
27,937
Bio-Rad Laboratories, Inc., Class A (I)
300
36,042
Bio-Reference Labs, Inc. (I)
400
8,976
Biodel, Inc. (I)(L)
1,100
2,310
Biogen Idec, Inc. (I)
2,500
183,475
BioMarin Pharmaceutical, Inc. (I)
1,300
32,669
BioMimetic Therapeutics, Inc. (I)
600
7,866
BioScrip, Inc. (I)
700
3,297
BJ’s Restaurants, Inc. (I)(L)
300
11,799
BJ’s Wholesale Club, Inc. (I)
700
34,174
Black Box Corp.
200
7,030
Black Hills Corp. (L)
500
16,720
Blackbaud, Inc.
700
19,068
Blackboard, Inc. (I)
400
14,496
BlackRock, Inc.
675
135,682
Blount International, Inc. (I)
500
7,990
Blue Coat Systems, Inc. (I)
400
11,264
Blue Nile, Inc. (I)(L)
300
16,197
BlueLinx Holdings, Inc. (I)
300
1,110
Blyth, Inc.
250
8,123
BMC Software, Inc. (I)
1,500
74,610
Bob Evans Farms, Inc.
500
16,300
BofI Holding, Inc. (I)
300
4,656
Boise, Inc.
1,250
11,450
BOK Financial Corp.
1,000
51,680
BorgWarner, Inc. (I)
1,600
127,504
Boston Beer Company, Inc. (I)
100
9,262
Boston Private Financial Holdings, Inc.
1,106
7,819
Boston Scientific Corp. (I)
18,516
133,130
Bottomline Technologies, Inc. (I)
300
7,542
Boyd Gaming Corp. (I)(L)
1,600
14,992
BPZ Resources, Inc. (I)(L)
1,200
6,372
Brady Corp., Class A
700
24,983
Bridgepoint Education, Inc. (I)(L)
500
8,550
Briggs & Stratton Corp.
1,100
24,915
Brigham Exploration Company (I)(L)
1,600
59,488
Brightpoint, Inc. (I)
1,000
10,840
Brinker International, Inc.
1,600
40,480
Bristol-Myers Squibb Company
12,675
335,000
Bristow Group, Inc. (I)
600
28,380
Broadcom Corp., Class A (I)
3,100
122,078
Broadridge Financial Solutions, Inc.
2,000
45,380
Broadwind Energy, Inc. (I)
900
1,179
Brocade Communications Systems, Inc. (I)
5,800
35,670
Bronco Drilling Company, Inc. (I)
700
7,910
Brookdale Senior Living, Inc. (I)
1,500
42,000
Brookfield Homes Corp. (I)
200
1,880
Brookline Bancorp, Inc.
900
9,477
Brooks Automation, Inc. (I)
1,100
15,103
Brown & Brown, Inc.
1,900
49,020
Brown Forman Corp., Class B
450
30,735
Brown Shoe Company, Inc.
800
9,776
Bruker Corp. (I)
2,100
43,785
Brunswick Corp.
1,100
27,973
Bryn Mawr Bank Corp.
150
3,086
Buckeye Technologies, Inc.
300
8,169
Bucyrus International, Inc.
1,200
109,740
Buffalo Wild Wings, Inc. (I)
300
16,329
Build-A-Bear Workshop, Inc. (I)
600
3,630
Builders FirstSource, Inc. (I)
300
852
Bunge, Ltd.
2,100
151,893
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
United States (continued)
C.H. Robinson Worldwide, Inc.
1,400
$
103,782
C.R. Bard, Inc.
1,000
99,310
CA, Inc.
3,700
89,466
Cabela’s, Inc. (I)
1,200
30,012
Cablevision Systems Corp., Class A
2,100
72,681
Cabot Corp.
900
41,661
Cabot Microelectronics Corp. (I)
500
26,125
Cabot Oil & Gas Corp.
1,500
79,455
CACI International, Inc., Class A (I)
500
30,660
Cadence Design Systems, Inc. (I)
3,800
37,050
Cadence Pharmaceuticals, Inc. (I)(L)
800
7,368
Cadiz, Inc. (I)
400
4,876
CAI International, Inc. (I)
600
15,516
Cal Dive International, Inc. (I)
2,200
15,356
Cal-Maine Foods, Inc. (L)
400
11,800
Calamos Asset Management, Inc.
400
6,636
Calavo Growers, Inc.
300
6,555
Calgon Carbon Corp. (I)(L)
900
14,292
California Pizza Kitchen, Inc. (I)
400
6,752
California Water Service Group
200
7,434
Callaway Golf Company
1,000
6,820
Callon Petroleum Company (I)
700
5,439
Calpine Corp. (I)
6,200
98,394
Cambium Learning Group, Inc. (I)
4,211
14,317
Camden National Corp.
200
6,848
Cameron International Corp. (I)
3,300
188,430
Campbell Soup Company
2,144
70,988
Cantel Medical Corp.
200
5,150
Capella Education Company (I)
300
14,937
Capital City Bank Group, Inc.
200
2,536
Capital One Financial Corp.
5,103
265,152
Capital Senior Living Corp. (I)
800
8,496
Capital Southwest Corp.
100
9,153
CapitalSource, Inc.
3,600
25,344
Capitol Bancorp, Ltd. (I)(L)
900
185
Capitol Federal Financial, Inc.
2,037
22,957
Caraco Pharmaceutical Laboratories, Ltd. (I)
1,200
6,240
CARBO Ceramics, Inc.
300
42,336
Cardinal Financial Corp.
600
6,996
Cardinal Health, Inc.
3,765
154,854
Cardtronics, Inc. (I)
700
14,245
Career Education Corp. (I)
1,300
29,536
CareFusion Corp. (I)
3,082
86,912
Carlisle Companies, Inc.
800
35,640
CarMax, Inc. (I)
2,800
89,880
Carnival Corp.
6,000
230,160
Carpenter Technology Corp.
800
34,168
Carrizo Oil & Gas, Inc. (I)
400
14,772
Carter’s, Inc. (I)
800
22,904
Cascade Corp.
100
4,458
Casella Waste Systems, Inc., Class A (I)
200
1,434
Casey’s General Stores, Inc.
600
23,400
Cash America International, Inc.
500
23,025
Cass Information Systems, Inc.
100
3,929
Casual Male Retail Group, Inc. (I)
800
3,928
Catalyst Health Solutions, Inc. (I)
600
33,558
Caterpillar, Inc.
4,900
545,615
Cathay General Bancorp
1,300
22,165
Cavco Industries, Inc. (I)
100
4,516
Cavium Networks, Inc. (I)
600
26,958
CB Richard Ellis Group, Inc., Class A (I)
3,000
80,100
Cbeyond, Inc. (I)
400
4,668
CBIZ, Inc. (I)
900
6,489
CBS Corp.
600
15,072
CBS Corp., Class B
6,900
172,776
122
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
United States (continued)
CDI Corp.
200
CEC Entertainment, Inc.
300
$
2,958
11,319
Celadon Group, Inc. (I)
300
4,872
Celanese Corp., Series A
1,300
57,681
Celera Corp. (I)
1,500
12,165
Celgene Corp. (I)
3,157
181,622
Centene Corp. (I)
812
26,780
Center Financial Corp. (I)
800
5,872
CenterPoint Energy, Inc.
3,500
61,460
Centerstate Banks, Inc.
300
2,100
Central European Distribution Corp. (I)
1,000
11,350
Central Garden & Pet Company (I)
400
3,524
Central Garden & Pet Company, Class A (I)
1,000
9,210
Central Vermont Public Service Corp.
100
2,329
Century Aluminum Company (I)
1,600
29,888
CenturyLink, Inc. (L)
3,111
129,262
Cenveo, Inc. (I)
1,600
10,448
Cephalon, Inc. (I)(L)
1,000
75,780
Cepheid, Inc. (I)(L)
451
12,637
Ceradyne, Inc. (I)
400
18,032
Cerner Corp. (I)(L)
900
100,080
CEVA, Inc. (I)
500
13,365
CF Industries Holdings, Inc.
1,038
141,988
CH Energy Group, Inc.
200
10,108
Laboratories International, Inc. (I)
900
34,542
Charming Shoppes, Inc. (I)
2,600
11,076
Chart Industries, Inc. (I)
600
33,024
Checkpoint Systems, Inc. (I)
600
13,488
Chemed Corp.
300
19,983
Chemical Financial Corp.
400
7,972
Cheniere Energy, Inc. (I)(L)
700
6,517
Chesapeake Energy Corp.
7,400
248,048
Chesapeake Utilities Corp.
100
4,162
Chevron Corp.
18,589
1,997,016
Chico’s FAS, Inc.
2,300
34,270
Chipotle Mexican Grill, Inc. (I)
300
81,711
Chiquita Brands International, Inc. (I)
500
7,670
Choice Hotels International, Inc.
900
34,965
Christopher & Banks Corp.
700
4,536
Chubb Corp.
3,300
202,323
Charles River
Church & Dwight Company, Inc.
1,100
87,274
Churchill Downs, Inc.
200
8,300
CIBER, Inc. (I)
1,400
9,380
Ciena Corp. (I)(L)
1,400
36,344
CIGNA Corp.
4,000
177,120
Cimarex Energy Company
1,400
161,336
Cincinnati Bell, Inc. (I)
2,600
6,968
Cincinnati Financial Corp.
2,300
75,440
Cinemark Holdings, Inc.
2,200
42,570
Cintas Corp.
2,200
66,594
CIRCOR International, Inc.
400
18,808
Cirrus Logic, Inc. (I)
700
14,721
Cisco Systems, Inc.
38,350
657,703
CIT Group, Inc. (I)
2,700
114,885
Citi Trends, Inc. (I)
300
6,687
Citigroup, Inc. (I)
217,010
959,184
Citizens, Inc., Class A (I)
300
2,190
Citrix Systems, Inc. (I)
1,900
139,574
City Holding Company (L)
400
14,144
City National Corp.
700
39,935
CKX, Inc. (I)
1,300
5,486
CLARCOR, Inc.
765
34,371
Clayton Williams Energy, Inc. (I)
300
31,710
Clean Harbors, Inc. (I)
400
39,464
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
United States (continued)
Clear Channel Outdoor
Holdings, Inc., Class A (I)
500
Clearwater Paper Corp. (I)
200
16,280
Cleco Corp.
800
27,432
Cliffs Natural Resources, Inc.
1,900
186,732
Clifton Savings Bancorp, Inc.
500
5,935
Clinical Data, Inc. (I)
300
9,090
Clorox Company
1,200
84,084
CME Group, Inc.
900
271,395
CMS Energy Corp.
1,900
37,316
CNA Financial Corp.
3,400
100,470
CNA Surety Corp. (I)
700
17,682
CNO Financial Group, Inc. (I)
4,000
30,040
Coach, Inc.
2,100
109,284
CoBiz Financial, Inc.
700
4,865
Coca-Cola Bottling Company Consolidated
200
13,368
Coca-Cola Enterprises, Inc.
4,200
114,660
Codexis, Inc. (I)
56
664
Coeur d’Alene Mines Corp. (I)
1,500
52,170
Cogent Communications Group, Inc. (I)
700
9,989
Cognex Corp.
700
19,775
Cognizant Technology
$
7,275
Solutions Corp., Class A (I)
2,100
170,940
Cohen & Steers, Inc.
609
18,075
Coherent, Inc. (I)
400
23,244
Cohu, Inc.
300
4,608
Coinstar, Inc. (I)
500
22,960
Coldwater Creek, Inc. (I)
1,100
2,904
Colfax Corp. (I)
500
11,475
Colgate-Palmolive Company
3,428
276,845
Collective Brands, Inc. (I)
1,300
28,054
Columbia Banking System, Inc.
500
9,585
Columbia Sportswear Company
600
35,652
Columbus McKinnon Corp. (I)
500
9,230
Comcast Corp., Class A
23,054
569,895
Comcast Corp., Special Class A
8,384
194,676
Comerica, Inc.
2,500
91,800
Comfort Systems USA, Inc.
400
5,628
Commerce Bancshares, Inc.
1,202
48,609
Commercial Metals Company
1,700
29,359
Community Bank Systems, Inc.
600
14,562
Community Health Systems, Inc. (I)
1,500
59,985
Community Trust Bancorp, Inc.
300
8,301
CommVault Systems, Inc. (I)
600
23,928
Compass Minerals International, Inc.
600
56,118
Complete Production Services, Inc. (I)
1,700
54,077
CompuCredit Holdings Corp. (I)
927
6,090
Computer Programs & Systems, Inc.
200
12,856
Computer Sciences Corp.
2,100
102,333
Compuware Corp. (I)
3,636
41,996
comScore, Inc. (I)
500
14,755
Comstock Resources, Inc. (I)
600
18,564
Comtech Telecommunications Corp.
200
5,436
Comverge, Inc. (I)
500
2,330
Con-way, Inc.
600
23,574
ConAgra Foods, Inc.
6,400
152,000
Conceptus, Inc. (I)
500
7,225
Concho Resources, Inc. (I)
1,600
171,680
Concur Technologies, Inc. (I)
700
38,815
Conexant Systems, Inc. (I)
1,500
3,570
CONMED Corp. (I)
600
15,768
Conn’s, Inc. (I)(L)
988
4,426
Connecticut Water Service, Inc. (L)
200
5,270
ConocoPhillips
16,049
1,281,673
CONSOL Energy, Inc.
3,200
171,616
123
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
United States (continued)
Consolidated Communications Holdings, Inc.
400
Consolidated Edison, Inc.
2,100
$
7,492
106,512
Consolidated Graphics, Inc. (I)
200
10,926
Consolidated-Tomoka Land Company
200
6,480
Constant Contact, Inc. (I)
200
6,980
Constellation Brands, Inc., Class A (I)
2,801
56,804
Constellation Energy Group, Inc.
1,700
52,921
Contango Oil & Gas Company (I)
300
18,972
Contango ORE, Inc. (I)
30
555
Continental Resources, Inc. (I)
900
64,323
Continucare Corp. (I)
1,600
8,560
Convergys Corp. (I)
2,400
34,464
Cooper Industries PLC
2,100
136,290
Cooper Tire & Rubber Company
800
20,600
Copart, Inc. (I)
1,100
47,663
Core-Mark Holding Company, Inc. (I)
100
3,305
CoreLogic, Inc. (I)
1,400
25,900
Corinthian Colleges, Inc. (I)
1,100
4,862
Corn Products International, Inc.
1,100
57,002
Corning, Inc.
14,200
292,946
Corrections Corp. of America (I)
1,700
41,480
Corvel Corp. (I)
200
10,636
CoStar Group, Inc. (I)
300
18,804
Costco Wholesale Corp.
3,600
263,952
Courier Corp.
200
2,792
Covance, Inc. (I)
900
49,248
Covanta Holding Corp.
984
16,807
Coventry Health Care, Inc. (I)
2,100
66,969
Cowen Group, Inc., Class A (I)
1,000
4,010
CPI Corp.
300
6,753
CRA International, Inc. (I)
300
8,649
Cracker Barrel Old Country Store, Inc.
300
14,742
Crane Company
800
38,744
Cray, Inc. (I)
400
2,580
Credit Acceptance Corp. (I)
500
35,480
Cree, Inc. (I)(L)
1,100
50,776
CROCS, Inc. (I)
900
16,056
Cross Country Healthcare, Inc. (I)
500
3,915
Crosstex Energy, Inc.
1,000
9,950
Crown Castle International Corp. (I)
1,900
80,845
Crown Holdings, Inc. (I)
1,300
50,154
CryoLife, Inc. (I)
300
1,830
CSG Systems International, Inc. (I)
400
7,976
CSX Corp.
3,891
305,833
CTS Corp.
400
4,320
Cubic Corp.
300
17,250
Cubist Pharmaceuticals, Inc. (I)
900
22,716
Cullen/Frost Bankers, Inc.
900
53,118
Cummins, Inc.
1,408
154,345
Curtiss-Wright Corp.
600
21,084
Cutera, Inc. (I)
300
2,571
CVB Financial Corp.
900
8,379
CVR Energy, Inc. (I)
2,000
46,320
CVS Caremark Corp.
15,149
519,914
Cyberonics, Inc. (I)
200
6,362
Cymer, Inc. (I)
400
22,632
Cypress Semiconductor Corp. (I)
2,100
40,698
Cytec Industries, Inc.
800
43,496
Cytokinetics, Inc. (I)
1,200
1,788
D.R. Horton, Inc.
4,100
47,765
Daktronics, Inc.
800
8,600
Dana Holding Corp. (I)
1,463
25,442
Danaher Corp.
5,400
280,260
Danvers Bancorp, Inc.
500
10,710
Darden Restaurants, Inc.
1,600
78,608
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
United States (continued)
Darling International, Inc. (I)
1,200
DaVita, Inc. (I)
1,400
$
18,444
119,714
Dawson Geophysical Company (I)
200
8,776
DealerTrack Holdings, Inc. (I)
400
9,184
Dean Foods Company (I)
2,300
23,000
Deckers Outdoor Corp. (I)
600
51,690
Deere & Company
2,900
280,981
Delek US Holdings, Inc.
1,200
16,272
Dell, Inc. (I)
12,900
187,179
Delphi Financial Group, Inc., Class A
1,000
30,710
Delta Air Lines, Inc. (I)
10,200
99,960
Deltek, Inc. (I)
800
6,080
Deltic Timber Corp.
100
6,684
Deluxe Corp.
800
21,232
DemandTec, Inc. (I)
400
5,264
Denbury Resources, Inc. (I)
5,623
137,201
Dendreon Corp. (I)
1,100
41,173
DENTSPLY International, Inc.
2,100
77,679
DepoMed, Inc. (I)
1,200
12,048
Destination Maternity Corp.
800
18,456
Devon Energy Corp.
3,900
357,903
DeVry, Inc.
800
44,056
DexCom, Inc. (I)
600
9,312
DG Fastchannel, Inc. (I)
400
12,888
Diamond Foods, Inc.
300
16,740
Diamond Offshore Drilling, Inc. (L)
1,600
124,320
Dice Holdings, Inc. (I)
1,000
15,110
Dick’s Sporting Goods, Inc. (I)
1,200
47,976
Diebold, Inc.
1,000
35,460
Digi International, Inc. (I)
500
5,280
Digimarc Corp. (I)
200
5,780
Digital River, Inc. (I)
600
22,458
DigitalGlobe, Inc. (I)
500
14,015
Dillard’s, Inc., Class A
1,600
64,192
Dime Community Bancshares
400
5,904
DineEquity, Inc. (I)
300
16,494
Diodes, Inc. (I)
700
23,842
Dionex Corp. (I)
300
35,415
DIRECTV, Class A (I)
7,920
370,656
Discover Financial Services
7,200
173,664
Discovery Communications, Inc., Series A (I)
1,700
67,830
Discovery Communications, Inc., Series C (I)
1,800
63,378
DISH Network Corp. (I)
1,800
43,848
Dolby Laboratories, Inc., Class A (I)
500
24,605
Dole Food Company, Inc. (I)(L)
1,500
20,445
Dollar Financial Corp. (I)
600
12,450
Dollar Thrifty Automotive Group, Inc. (I)
600
40,038
Dollar Tree, Inc. (I)
1,500
83,280
Dominion Resources, Inc.
4,400
196,680
Domino’s Pizza, Inc. (I)
900
16,587
Donaldson Company, Inc.
800
49,032
Donegal Group, Inc.
304
4,064
Dorman Products, Inc. (I)
300
12,627
Dover Corp.
2,600
170,924
DPL, Inc.
1,800
49,338
Dr. Pepper Snapple Group, Inc.
3,700
137,492
DreamWorks Animation SKG, Inc. (I)
1,000
27,930
Dresser-Rand Group, Inc. (I)
1,400
75,068
Drew Industries, Inc.
500
11,165
Dril-Quip, Inc. (I)
700
55,321
drugstore.com, Inc. (I)
1,500
5,775
DSP Group, Inc. (I)
300
2,310
DST Systems, Inc.
600
31,692
DSW, Inc., Class A (I)(L)
200
7,992
DTE Energy Company
2,100
102,816
124
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
COMMON STOCKS (continued)
United States (continued)
Value
DTS, Inc. (I)
300
Ducommun, Inc.
100
$
13,989
2,390
Duff & Phelps Corp.
200
3,196
Duke Energy Corp.
9,500
172,425
Dun & Bradstreet Corp.
600
48,144
Durect Corp. (I)
600
2,160
DXP Enterprises, Inc. (I)
200
4,616
Dyax Corp. (I)
600
966
Dycom Industries, Inc. (I)
500
8,670
Dynamic Materials Corp.
100
2,795
Dynegy, Inc. (I)
280
1,593
E*TRADE Financial Corp. (I)
2,050
32,042
E.I. du Pont de Nemours & Company
6,100
335,317
Eagle Bulk Shipping, Inc. (I)
900
3,348
Eagle Materials, Inc.
700
21,182
Earthlink, Inc.
2,300
18,009
East West Bancorp, Inc.
1,900
41,724
Eastman Chemical Company
900
89,388
Eastman Kodak Company (I)(L)
3,608
11,654
Eaton Corp.
3,200
177,408
Eaton Vance Corp. (L)
1,600
51,584
eBay, Inc. (I)
10,900
338,336
Ebix, Inc. (I)
600
14,190
Echelon Corp. (I)
700
7,091
EchoStar Corp., Class A (I)
500
18,925
Ecolab, Inc.
1,644
83,877
Edison International
2,200
80,498
Edwards Lifesciences Corp. (I)
1,000
87,000
eHealth, Inc. (I)
200
2,660
Einstein Noah Restaurant Group, Inc.
400
6,512
El Paso Corp.
5,900
106,200
El Paso Electric Company (I)
500
15,200
Electro Rent Corp.
500
8,590
Electro Scientific Industries, Inc. (I)
400
6,944
Electronic Arts, Inc. (I)
4,600
89,838
Electronics for Imaging, Inc. (I)
1,100
16,181
Eli Lilly & Company
7,300
256,741
Elizabeth Arden, Inc. (I)
600
18,006
EMC Corp. (I)
18,095
480,422
EMC Insurance Group, Inc.
260
6,456
EMCOR Group, Inc. (I)
1,000
30,970
Emdeon, Inc., Class A (I)
1,300
20,943
Services Corp., Class A (I)
400
25,436
Emergent Biosolutions, Inc. (I)
500
12,080
Emeritus Corp. (I)
200
5,092
Emerson Electric Company
5,475
319,904
Employers Holdings, Inc.
600
12,396
EMS Technologies, Inc. (I)
200
3,931
Emulex Corp. (I)
1,300
13,871
Encore Bancshares, Inc. (I)
200
2,428
Encore Capital Group, Inc. (I)
600
14,214
Encore Wire Corp.
500
12,170
Endo Pharmaceuticals Holdings, Inc. (I)
1,700
64,872
Ener1, Inc. (I)(L)
1,500
4,440
Emergency Medical
Energen Corp.
1,100
69,432
Energizer Holdings, Inc. (I)
1,100
78,276
Energy Conversion Devices, Inc. (I)(L)
500
1,130
Energy Partners, Ltd. (I)
600
10,800
Energy Recovery, Inc. (I)
600
1,908
EnergySolutions, Inc.
1,900
11,324
EnerSys (I)
900
35,775
Ennis, Inc.
200
3,406
EnPro Industries, Inc. (I)
300
10,896
Entegris, Inc. (I)
1,700
14,909
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
United States (continued)
Entercom Communications Corp., Class A (I)
700
$
7,714
Entergy Corp.
1,400
94,094
Enterprise Financial Services Corp.
100
1,407
Enzo Biochem, Inc. (I)
1,300
5,447
Enzon Pharmaceuticals, Inc. (I)
700
7,630
EOG Resources, Inc.
2,400
284,424
Epicor Software Corp. (I)
800
8,856
EPIQ Systems, Inc.
400
5,744
ePlus, Inc. (I)
300
7,983
Epoch Holding Corp.
11
174
EQT Corp.
1,200
59,880
Equifax, Inc.
1,800
69,930
Equinix, Inc. (I)
754
68,689
eResearch Technology, Inc. (I)
800
5,416
Erie Indemnity Company
800
56,888
ESCO Technologies, Inc.
400
15,260
ESSA Bancorp, Inc.
200
2,640
Esterline Technologies Corp. (I)
400
28,288
Ethan Allen Interiors, Inc.
400
8,760
Euronet Worldwide, Inc. (I)
830
16,044
Evercore Partners, Inc., Class A
300
10,287
EW Scripps Company (I)
800
7,920
Exactech, Inc. (I)
100
1,755
Exar Corp. (I)
600
3,612
EXCO Resources, Inc.
1,900
39,254
Exelixis, Inc. (I)
1,500
16,950
Exelon Corp.
4,828
199,107
Exide Technologies (I)
1,700
19,006
ExlService Holdings, Inc. (I)
500
10,575
Expeditors International of Washington, Inc.
1,800
90,252
Exponent, Inc. (I)
300
13,383
Express Scripts, Inc. (I)
3,800
211,318
Exterran Holdings, Inc. (I)
1,200
28,476
Extreme Networks, Inc. (I)
1,700
5,950
Exxon Mobil Corp.
35,899
3,020,183
EZCORP, Inc., Class A (I)
500
15,695
F5 Networks, Inc. (I)
600
61,542
FactSet Research Systems, Inc.
300
31,419
Fair Isaac Corp.
700
22,127
Fairchild Semiconductor International, Inc. (I)
2,200
40,040
FalconStor Software, Inc. (I)
800
3,640
Family Dollar Stores, Inc.
1,400
71,848
Farmer Brothers Company
400
4,848
FARO Technologies, Inc. (I)
400
16,000
Fastenal Company (L)
1,200
77,796
FBL Financial Group, Inc., Class A
500
15,360
Federal Agricultural Mortgage Corp., Class C
300
5,733
Federal Mogul Corp. (I)
1,500
37,350
Federal Signal Corp.
1,100
7,161
Federated Investors, Inc., Class B
1,400
37,450
FedEx Corp.
2,700
252,585
FEI Company (I)
500
16,860
Ferro Corp. (I)
1,100
18,249
FiberTower Corp. (I)
900
1,809
Fidelity National Financial, Inc., Class A
4,200
59,346
Fidelity National Information Services, Inc.
4,100
134,029
Fifth Third Bancorp
11,000
152,680
Financial Institutions, Inc.
100
1,750
Finisar Corp. (I)
1,100
27,060
First Acceptance Corp. (I)
800
1,536
First American Financial Corp.
1,400
23,100
First Bancorp/Troy NC
300
3,978
First Busey Corp.
1,300
6,604
First Cash Financial Services, Inc. (I)
400
15,440
First Commonwealth Financial Corp.
1,500
10,275
125
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
United States (continued)
First Community Bancshares, Inc.
300
First Financial Bancorp
1,000
$
4,254
16,690
First Financial Bankshares, Inc. (L)
300
15,411
First Financial Corp./Indiana
200
6,648
First Financial Holdings, Inc.
100
1,131
First Financial Northwest, Inc. (I)
500
2,850
First Horizon National Corp.
3,254
36,477
First Merchants Corp.
300
2,481
First Midwest Bancorp, Inc.
800
9,432
First Niagara Financial Group, Inc.
2,094
28,437
First Security Group, Inc. (I)
300
279
First Solar, Inc. (I)(L)
500
80,420
FirstEnergy Corp.
2,837
105,224
FirstMerit Corp.
1,318
22,485
Fiserv, Inc. (I)
2,300
144,256
Fisher Communications, Inc. (I)
100
3,108
Flanders Corp. (I)
1,100
3,575
FLIR Systems, Inc.
1,300
44,993
Flowers Foods, Inc.
1,100
29,953
Flowserve Corp.
500
64,400
Fluor Corp.
2,500
184,150
Flushing Financial Corp.
800
11,920
FMC Corp.
800
67,944
FMC Technologies, Inc. (I)
1,100
103,928
FNB Corp.
1,800
18,972
Foot Locker, Inc.
2,300
45,356
Ford Motor Company (I)
24,900
371,259
Forest City Enterprises, Inc., Class A (I)
2,100
39,543
Forest Laboratories, Inc. (I)
4,100
132,430
Forest Oil Corp. (I)
1,500
56,745
Forestar Group, Inc. (I)
400
7,608
FormFactor, Inc. (I)
945
9,734
Forrester Research, Inc.
300
11,487
Fortinet, Inc. (I)
1,000
44,000
Fortune Brands, Inc.
2,100
129,969
Forward Air Corp.
500
15,315
Fossil, Inc. (I)
1,000
93,650
Foster Wheeler AG (I)
200
7,524
Franklin Electric Company, Inc.
300
13,860
Franklin Resources, Inc.
1,600
200,128
Fred’s, Inc., Class A
900
11,988
Freeport-McMoRan Copper & Gold, Inc.
7,000
388,850
FreightCar America, Inc. (I)
100
3,251
Frontier Communications Corp.
9,012
74,079
Frontier Oil Corp.
1,500
43,980
FTI Consulting, Inc. (I)(L)
700
26,831
Fuel Systems Solutions, Inc. (I)
300
9,054
Fuel Tech, Inc. (I)
500
4,450
Fuelcell Energy, Inc. (I)
600
1,284
Fulton Financial Corp.
2,800
31,108
Furiex Pharmaceuticals, Inc. (I)
125
2,110
Furmanite Corp. (I)
344
2,752
Furniture Brands International, Inc. (I)
300
1,365
FX Energy, Inc. (I)
1,300
10,868
G&K Services, Inc., Class A
200
6,650
G-III Apparel Group, Ltd. (I)
200
7,516
GAMCO Investors, Inc., Class A
100
4,636
GameStop Corp., Class A (I)(L)
2,300
51,796
Gannett Company, Inc.
2,600
39,598
Gardner Denver, Inc.
1,100
85,833
Gartner, Inc. (I)
1,400
58,338
GATX Corp.
900
34,794
Gaylord Entertainment Company (I)
900
31,212
Gen-Probe, Inc. (I)
700
46,445
GenCorp, Inc. (I)
500
2,990
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
United States (continued)
General Cable Corp. (I)
900
General Communication, Inc., Class A (I)
1,000
$
38,970
10,940
General Dynamics Corp.
3,228
247,136
General Electric Company
84,813
1,700,501
General Maritime Corp.
1,300
2,665
General Mills, Inc.
4,400
160,820
General Moly, Inc. (I)(L)
1,500
8,070
Genesco, Inc. (I)
400
16,080
Genesee & Wyoming, Inc., Class A (I)
700
40,740
Genomic Health, Inc. (I)
500
12,300
GenOn Energy, Inc. (I)
12,057
45,937
Gentex Corp.
1,900
57,475
Gentiva Health Services, Inc. (I)
400
11,212
Genuine Parts Company
2,200
118,008
Genworth Financial, Inc., Class A (I)
6,700
90,182
Genzyme Corp. (I)
2,354
179,257
GeoEye, Inc. (I)
400
16,632
Georesources, Inc. (I)
300
9,381
Georgia Gulf Corp. (I)
300
11,100
Gerber Scientific, Inc. (I)
200
1,872
German American Bancorp, Inc.
200
3,438
Geron Corp. (I)
2,000
10,100
GFI Group, Inc.
2,600
13,052
Gibraltar Industries, Inc. (I)
200
2,386
Gilead Sciences, Inc. (I)
5,900
250,396
Glacier Bancorp, Inc.
1,200
18,060
Gleacher & Company, Inc. (I)
1,300
2,262
Global Cash Access Holdings, Inc. (I)
1,000
3,270
Global Industries, Ltd. (I)
2,600
25,454
Global Payments, Inc.
1,100
53,812
Globe Specialty Metals, Inc.
1,000
22,760
Globecomm Systems, Inc. (I)
400
4,932
GMX Resources, Inc. (I)(L)
100
617
Golden Star Resources, Ltd. (I)
1,500
4,425
Goodrich Corp.
1,200
102,636
Goodrich Petroleum Corp. (I)
600
13,332
Google, Inc., Class A (I)
1,800
1,055,178
GP Strategies Corp. (I)
499
6,786
Graco, Inc.
800
36,392
GrafTech International, Ltd. (I)
1,700
35,071
Graham Corp.
300
7,182
Gran Tierra Energy, Inc. (I)
50
400
Grand Canyon Education, Inc. (I)
600
8,700
Granite Construction, Inc. (L)
500
14,050
Graphic Packaging Holding Company (I)
5,900
31,978
Gray Television, Inc. (I)
1,400
2,898
Great Lakes Dredge & Dock Corp.
800
6,104
Great Plains Energy, Inc.
2,000
40,040
Great Southern Bancorp, Inc.
200
4,290
Greatbatch, Inc. (I)
300
7,938
Green Mountain Coffee Roasters, Inc. (I)(L)
1,950
125,990
Green Plains Renewable Energy, Inc. (I)(L)
400
4,808
Greenbrier Companies, Inc. (I)
300
8,514
Greene County Bancshares, Inc. (I)(L)
200
558
Greenhill & Company, Inc. (L)
500
32,895
Greif, Inc., Class A
300
19,623
Griffon Corp. (I)
653
8,574
Group 1 Automotive, Inc.
500
21,400
GSI Commerce, Inc. (I)
700
20,489
GSI Technology, Inc. (I)
800
7,272
GT Solar International, Inc. (I)
1,900
20,254
GTx, Inc. (I)
600
1,542
Guess?, Inc.
700
27,545
Gulf Islands Fabrication, Inc.
100
3,217
Gulfmark Offshore, Inc., Class A (I)
400
17,804
126
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
United States (continued)
Gulfport Energy Corp. (I)
900
H&E Equipment Services, Inc. (I)
700
$
32,535
13,657
H&R Block, Inc. (L)
2,100
35,154
H.B. Fuller Company
600
12,888
H.J. Heinz Company
2,100
102,522
Haemonetics Corp. (I)
400
26,216
Halliburton Company
5,800
289,072
Hallmark Financial Services, Inc. (I)
500
4,190
Halozyme Therapeutics, Inc. (I)
1,500
10,065
Hancock Holding Company
500
16,420
Hanesbrands, Inc. (I)
1,200
32,448
Hanger Orthopedic Group, Inc. (I)
700
18,221
Hansen Natural Corp. (I)
700
42,161
Harley-Davidson, Inc.
2,800
118,972
Harleysville Group, Inc.
600
19,878
Harman International Industries, Inc.
1,100
51,502
Harmonic, Inc. (I)
1,700
15,946
Harris & Harris Group, Inc. (I)
600
3,228
Harris Corp.
1,900
94,240
Harsco Corp.
1,100
38,819
Harte-Hanks, Inc.
1,400
16,660
Hartford Financial Services Group, Inc.
5,900
158,887
Harvest Natural Resources, Inc. (I)
500
7,620
Hasbro, Inc.
1,400
65,576
Haverty Furniture Companies, Inc.
300
3,978
Hawaiian Electric Industries, Inc. (L)
1,300
32,240
Hawaiian Holdings, Inc. (I)
1,000
6,010
Hawkins, Inc.
200
8,216
Haynes International, Inc.
100
5,545
HCC Insurance Holdings, Inc.
1,600
50,096
Headwaters, Inc. (I)
1,000
5,900
Associates, Inc., Class A (I)
4,100
44,690
Health Net, Inc. (I)
2,300
75,210
Healthcare Services Group, Inc.
900
15,822
Healthsouth Corp. (I)
1,700
42,466
Healthspring, Inc. (I)
1,000
37,370
Healthways, Inc. (I)
600
9,222
Heartland Express, Inc.
1,100
19,316
Heartland Financial USA, Inc.
400
6,800
Heartland Payment Systems, Inc.
500
8,765
Hecla Mining Company (I)
3,200
29,056
HEICO Corp. (L)
125
7,815
HEICO Corp., Class A
375
16,868
Heidrick & Struggles International, Inc.
300
8,349
Helix Energy Solutions Group, Inc. (I)
1,500
25,800
Helmerich & Payne, Inc.
1,900
130,511
Henry Schein, Inc. (I)
1,400
98,238
Hercules Offshore, Inc. (I)
900
5,949
Herman Miller, Inc.
900
24,741
Hertz Global Holdings, Inc. (I)
6,800
106,284
Hess Corp.
3,364
286,646
Hewlett-Packard Company
20,300
831,691
Hexcel Corp. (I)
1,400
27,566
HFF, Inc. (I)
500
7,520
hhgregg, Inc. (I)
500
6,695
Hi-Tech Pharmacal Company, Inc. (I)
200
4,026
Hibbett Sports, Inc. (I)
400
14,324
Hill International, Inc. (I)
800
4,232
Hill-Rom Holdings, Inc.
900
34,182
Hillenbrand, Inc.
900
19,350
Hilltop Holdings, Inc. (I)
1,200
12,048
Hittite Microwave Corp. (I)
500
31,885
HMS Holdings Corp. (I)
400
32,740
HNI Corp.
600
18,936
Health Management
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
United States (continued)
Hoku Corp. (I)
1,300
$
2,600
Holly Corp.
800
48,608
Hologic, Inc. (I)
3,800
84,360
Home Bancshares, Inc.
228
5,187
Home Depot, Inc.
13,104
485,634
Home Federal Bancorp, Inc.
200
2,356
Honeywell International, Inc.
5,398
322,315
Hooker Furniture Corp.
200
2,392
Horace Mann Educators Corp.
800
13,440
Horizon Lines, Inc.
900
765
Hormel Foods Corp.
3,400
94,656
Hornbeck Offshore Services, Inc. (I)
600
18,510
Horsehead Holding Corp. (I)
700
11,935
Hospira, Inc. (I)
1,700
93,840
Hot Topic, Inc.
1,000
5,700
Houston American Energy Corp.
500
7,705
Houston Wire & Cable Company
400
5,848
Hovnanian Enterprises, Inc., Class A (I)(L)
1,200
4,236
HSN, Inc. (I)
1,020
32,671
HUB Group, Inc., Class A (I)
300
10,857
Hubbell, Inc., Class B
800
56,824
Hudson City Bancorp, Inc.
6,600
63,888
Hudson Highland Group, Inc. (I)
200
1,300
Hudson Valley Holding Corp.
220
4,840
Hughes Communications, Inc. (I)
400
23,868
Human Genome Sciences, Inc. (I)
1,500
41,175
Humana, Inc. (I)
2,900
202,826
Huntington Bancshares, Inc.
11,700
77,688
Huntington Ingalls Industries, Inc. (I)
467
19,367
Huntsman Corp.
1,400
24,332
Huron Consulting Group, Inc. (I)
600
16,614
Hutchinson Technology, Inc. (I)
200
564
Hyatt Hotels Corp., Class A (I)
500
21,520
Hypercom Corp. (I)
400
4,812
IAC/InterActiveCorp (I)
1,600
49,424
IBERIABANK Corp.
400
24,052
ICF International, Inc. (I)
200
4,108
Iconix Brand Group, Inc. (I)
1,200
25,776
ICU Medical, Inc. (I)
200
8,756
IDACORP, Inc.
700
26,670
Idenix Pharmaceuticals, Inc. (I)
400
1,328
IDEX Corp.
1,100
48,015
IDEXX Laboratories, Inc. (I)
500
38,610
IDT Corp., Class B
500
13,475
iGate Corp.
650
12,201
IHS, Inc., Class A (I)
700
62,125
II-VI, Inc. (I)
400
19,900
Illinois Tool Works, Inc.
4,100
220,252
Illumina, Inc. (I)(L)
1,100
77,077
Imation Corp. (I)
600
6,684
Immersion Corp. (I)
300
2,292
Immucor, Inc. (I)
800
15,824
Immunogen, Inc. (I)
500
4,535
Immunomedics, Inc. (I)
900
3,438
Impax Laboratories, Inc. (I)
700
17,815
Imperial Sugar Company
300
4,002
Incyte Corp. (I)
977
15,485
Independence Holding Company
200
1,596
Independent Bank Corp. - MA (L)
500
13,505
Infinera Corp. (I)
900
7,551
Informatica Corp. (I)
1,200
62,676
InfoSpace, Inc. (I)
300
2,598
Ingles Markets, Inc.
100
1,981
Ingram Micro, Inc., Class A (I)
2,500
52,575
Innerworkings, Inc. (I)
1,000
7,380
127
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
United States (continued)
Innophos Holdings, Inc.
300
Inovio Biomedical Corp. (I)
300
$
13,833
330
Insight Enterprises, Inc. (I)
1,000
17,030
Insituform Technologies, Inc., Class A (I)
700
18,725
Insperity, Inc.
300
9,114
Inspire Pharmaceuticals, Inc. (I)
1,400
5,544
Insteel Industries, Inc.
500
7,070
Insulet Corp. (I)
400
8,248
Integra LifeSciences Holdings Corp. (I)
300
14,226
Integrated Device Technology, Inc. (I)
2,400
17,688
Integrated Silicon Solution, Inc. (I)
500
4,635
Integrys Energy Group, Inc.
1,000
50,510
Intel Corp.
50,800
1,024,636
Inter Parfums, Inc.
500
9,255
Interactive Brokers Group, Inc., Class A
400
6,356
Interactive Intelligence, Inc. (I)
200
7,742
IntercontinentalExchange, Inc. (I)
800
98,832
InterDigital, Inc.
600
28,626
Interface, Inc., Class A
1,200
22,188
Interline Brands, Inc. (I)
500
10,200
Intermec, Inc. (I)
1,300
14,027
InterMune, Inc. (I)
600
28,314
Internap Network Services Corp. (I)
800
5,256
International Bancshares Corp. (L)
1,300
23,842
International Business Machines Corp.
9,100
1,483,937
International Coal Group, Inc. (I)
3,000
33,900
International Flavors & Fragrances, Inc.
700
43,610
International Game Technology
2,400
38,952
International Paper Company
5,500
165,990
International Rectifier Corp. (I)
900
29,754
International Shipholding Corp.
200
4,980
International Speedway Corp., Class A
500
14,900
Internet Capital Group, Inc. (I)
800
11,360
Intersections, Inc.
1,100
13,640
Intersil Corp., Class A
1,600
19,920
Interval Leisure Group, Inc. (I)
720
11,772
Intevac, Inc. (I)
200
2,486
Intl. FCStone, Inc. (I)
300
7,626
Intrepid Potash, Inc. (I)
1,000
34,820
Intuit, Inc. (I)
2,000
106,200
Intuitive Surgical, Inc. (I)
400
133,384
Invacare Corp.
700
21,784
Invesco, Ltd.
6,400
163,584
Investment Technology Group, Inc. (I)
900
16,371
Investors Bancorp, Inc. (I)
2,811
41,856
ION Geophysical Corp. (I)
1,500
19,035
IPC The Hospitalist Company, Inc. (I)
200
9,082
IPG Photonics Corp. (I)
600
34,608
Iridium Communications, Inc. (I)
1,092
8,703
IRIS International, Inc. (I)
300
2,706
iRobot Corp. (I)
500
16,445
Iron Mountain, Inc.
2,575
80,417
Isle of Capri Casinos, Inc. (I)
600
5,700
ITC Holdings Corp.
700
48,930
Itron, Inc. (I)
600
33,864
ITT Corp.
2,600
156,130
ITT Educational Services, Inc. (I)(L)
500
36,075
Ixia (I)
800
12,704
IXYS Corp. (I)
300
4,029
J & J Snack Foods Corp.
190
8,943
J.B. Hunt Transport Services, Inc.
1,100
49,962
J.C. Penney Company, Inc.
3,200
114,912
j2 Global Communications, Inc. (I)
600
17,706
Jabil Circuit, Inc.
3,000
61,290
Jack Henry & Associates, Inc.
1,200
40,668
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
United States (continued)
Jack in the Box, Inc. (I)
900
Jackson Hewitt Tax Service, Inc. (I)
100
$
20,412
60
Jacobs Engineering Group, Inc. (I)
1,600
82,288
Jaguar Mining, Inc. (I)
600
3,138
Jakks Pacific, Inc. (I)
200
3,870
James River Coal Company (I)
700
16,919
Janus Capital Group, Inc.
2,400
29,928
Jarden Corp.
1,500
53,355
Jazz Pharmaceuticals, Inc. (I)
800
25,480
JDA Software Group, Inc. (I)
502
15,191
JDS Uniphase Corp. (I)
3,000
62,520
Jefferies Group, Inc. (L)
2,400
59,856
JetBlue Airways Corp. (I)(L)
4,600
28,842
JMP Group, Inc.
400
3,444
John Bean Technologies Corp.
343
6,596
John Wiley & Sons, Inc.
700
35,588
Johnson & Johnson
20,059
1,188,496
Johnson Controls, Inc.
6,100
253,577
Jones Lang LaSalle, Inc.
700
69,818
Jos. A. Bank Clothiers, Inc. (I)
300
15,264
Journal Communications, Inc., Class A (I)
1,100
6,600
Joy Global, Inc.
1,100
108,691
JPMorgan Chase & Company
49,179
2,267,152
Juniper Networks, Inc. (I)
4,800
201,984
K-Swiss, Inc., Class A (I)
400
4,508
K-V Pharmaceutical Company, Class A (I)
1,100
6,589
K12, Inc. (I)
500
16,850
Kadant, Inc. (I)
100
2,619
Kaiser Aluminum Corp.
400
19,700
Kaman Corp., Class A
400
14,080
Kansas City Southern (I)
1,400
76,230
KapStone Paper and Packaging Corp. (I)
600
10,302
Kaydon Corp.
500
19,595
KB Home
1,200
14,928
KBR, Inc.
2,900
109,533
KBW, Inc.
500
13,095
Kearny Financial Corp.
500
5,015
Kellogg Company
2,428
131,063
Kelly Services, Inc., Class A (I)
400
8,684
Kendle International, Inc. (I)
100
1,071
Kenexa Corp. (I)
600
16,554
Kennametal, Inc.
1,174
45,786
Kensey Nash Corp. (I)
100
2,491
Key Energy Services, Inc. (I)
2,700
41,985
KeyCorp
9,900
87,912
Kforce, Inc. (I)
400
7,320
Kid Brands, Inc. (I)
200
1,470
Kimball International, Inc., Class B
200
1,400
Kimberly-Clark Corp.
2,800
182,756
Kindred Healthcare, Inc. (I)
600
14,328
Kinetic Concepts, Inc. (I)
900
48,978
Kirby Corp. (I)
800
45,832
Kirkland’s, Inc. (I)
500
7,720
KLA-Tencor Corp.
2,500
118,425
Knight Capital Group, Inc., Class A (I)
1,400
18,760
Knight Transportation, Inc.
1,100
21,175
Knoll, Inc.
800
16,768
Knology, Inc. (I)
800
10,328
Kodiak Oil & Gas Corp. (I)
1,900
12,730
Kohl’s Corp.
2,742
145,436
Kopin Corp. (I)
500
2,295
Koppers Holdings, Inc.
100
4,270
Korn/Ferry International (I)
800
17,816
Kraft Foods, Inc., Class A
19,400
608,384
Krispy Kreme Doughnuts, Inc. (I)
1,400
9,856
128
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
United States (continued)
Kronos Worldwide, Inc.
1,600
Kulicke & Soffa Industries, Inc. (I)
1,200
$
93,520
11,220
KVH Industries, Inc. (I)
200
3,024
L&L Energy, Inc. (I)(L)
500
3,460
L-1 Identity Solutions, Inc. (I)
1,600
18,848
L-3 Communications Holdings, Inc.
1,500
117,465
L.B. Foster Company
200
8,622
La-Z-Boy, Inc. (I)
2,000
19,100
LaBarge, Inc. (I)
200
3,540
Laboratory Corp. of America Holdings (I)
1,200
110,556
Ladish Company, Inc. (I)
100
5,465
Lakeland Bancorp, Inc.
210
2,180
Lakeland Financial Corp.
200
4,536
Lam Research Corp. (I)
1,200
67,992
Lamar Advertising Company, Class A (I)
1,100
40,634
Lancaster Colony Corp.
400
24,240
Landauer, Inc.
100
6,152
Landec Corp. (I)
300
1,950
Landstar System, Inc.
800
36,544
Lannett Company, Inc. (I)
600
3,348
Las Vegas Sands Corp. (I)
6,100
257,542
Lattice Semiconductor Corp. (I)
2,576
15,198
Lawson Products, Inc.
300
6,912
Lawson Software, Inc. (I)
2,200
26,620
Layne Christensen Company (I)
400
13,800
Leap Wireless International, Inc. (I)
1,400
21,686
Leapfrog Enterprises, Inc. (I)
1,000
4,320
Lear Corp.
1,000
48,870
Learning Tree International, Inc.
300
2,637
LECG Corp. (I)
400
81
Legacy Bancorp, Inc.
100
1,278
Legg Mason, Inc.
2,100
75,789
Leggett & Platt, Inc.
2,200
53,900
Lender Processing Services, Inc.
800
25,752
Lennar Corp., Class A
2,400
43,488
Lennar Corp., Class B
500
7,335
Lennox International, Inc.
700
36,806
Leucadia National Corp.
3,400
127,636
Lexmark International, Inc., Class A (I)
1,065
39,448
LHC Group, Inc. (I)
200
6,000
Libbey, Inc. (I)
400
6,600
Liberty Global, Inc., Series A (I)
1,900
78,679
Liberty Global, Inc., Series C (I)
1,800
71,982
Liberty Media Corp. - Capital, Series A (I)
1,800
132,606
Liberty Media Corp. - Interactive, Series A (I)
9,300
149,172
Liberty Media Corp. - Starz, Series A (I)
720
55,872
Life Partners Holdings, Inc. (L)
156
1,254
Life Technologies Corp. (I)
2,600
136,292
Life Time Fitness, Inc. (I)
800
29,848
LifePoint Hospitals, Inc. (I)
800
32,144
Lifeway Foods, Inc. (I)
200
2,084
Limelight Networks, Inc. (I)
2,200
15,752
Limited Brands, Inc.
3,200
105,216
Limoneira Company
169
4,005
LIN TV Corp., Class A (I)
700
4,151
Lincare Holdings, Inc.
1,350
40,041
Lincoln Educational Services Corp.
400
6,356
Lincoln Electric Holdings, Inc.
600
45,552
Lincoln National Corp.
4,100
123,164
Lindsay Corp.
100
7,902
Linear Technology Corp.
1,959
65,881
Lionbridge Technologies, Inc. (I)
600
2,058
Liquidity Services, Inc. (I)
200
3,572
Littelfuse, Inc.
500
28,550
Live Nation Entertainment, Inc. (I)
2,176
21,760
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
United States (continued)
LKQ Corp. (I)
1,800
LMI Aerospace, Inc. (I)
200
$
43,380
4,042
Lockheed Martin Corp.
2,500
201,000
Loews Corp.
4,565
196,706
LogMeIn, Inc. (I)
200
8,432
LoopNet, Inc. (I)
700
9,905
Loral Space & Communications, Inc. (I)
500
38,775
Lorillard, Inc.
1,100
104,511
Louisiana-Pacific Corp. (I)
1,900
19,950
Lowe’s Companies, Inc.
13,000
343,590
LSB Industries, Inc. (I)
200
7,928
LSI Corp. (I)
8,483
57,684
LSI Industries, Inc.
300
2,172
LTX-Credence Corp. (I)
433
3,953
Lubrizol Corp.
600
80,376
Luby’s, Inc. (I)
139
735
Lufkin Industries, Inc.
400
37,388
Luminex Corp. (I)
700
13,132
Lydall, Inc. (I)
600
5,334
M&F Worldwide Corp. (I)
300
7,536
M&T Bank Corp.
1,834
162,254
M/I Homes, Inc. (I)
300
4,497
Mac-Gray Corp.
400
6,452
Macy’s, Inc.
6,100
147,986
Madison Square Garden, Inc., Class A (I)
1,025
27,665
Magellan Health Services, Inc. (I)
500
24,540
Maidenform Brands, Inc. (I)
400
11,428
MainSource Financial Group, Inc.
700
7,007
Manhattan Associates, Inc. (I)
400
13,088
Mannatech, Inc. (I)
400
656
Mannkind Corp. (I)(L)
813
2,967
Manpower, Inc.
1,227
77,154
ManTech International Corp., Class A (I)
300
12,720
Marathon Oil Corp.
7,800
415,818
Marchex, Inc., Class B
200
1,574
Marcus Corp.
300
3,270
MarineMax, Inc. (I)
300
2,958
Markel Corp. (I)
300
124,335
MarketAxess Holdings, Inc.
300
7,260
Marriott International, Inc., Class A
2,429
86,424
Marsh & McLennan Companies, Inc.
4,400
131,164
Marshall & Ilsley Corp.
6,900
55,131
Marten Transport, Ltd.
400
8,920
Martin Marietta Materials, Inc. (L)
800
71,736
Masco Corp.
5,300
73,776
Masimo Corp. (L)
1,000
33,100
Massey Energy Company (L)
1,500
102,540
MasTec, Inc. (I)
600
12,480
Mastech Holdings, Inc. (I)
13
60
MasterCard, Inc., Class A
800
201,376
Materion Corp. (I)
300
12,240
Matrix Service Company (I)
500
6,950
Mattel, Inc.
3,937
98,149
Matthews International Corp., Class A
400
15,420
Mattson Technology, Inc. (I)
1,300
3,172
Maxim Integrated Products, Inc.
4,100
104,960
MAXIMUS, Inc.
200
16,234
Maxwell Technologies, Inc. (I)
400
6,908
Maxygen, Inc.
300
1,560
MB Financial, Inc.
900
18,864
MBIA, Inc. (I)(L)
3,800
38,152
McCormick & Company, Inc., Class B
1,200
57,396
222
1,603
McCormick & Schmick’s
Seafood Restaurants, Inc. (I)
McDermott International, Inc. (I)
2,400
60,936
129
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
United States (continued)
McDonald’s Corp.
6,900
MCG Capital Corp.
2,100
$
525,021
13,650
McGrath Rentcorp
500
13,635
McKesson Corp.
2,400
189,720
MDC Holdings, Inc.
700
17,745
MDU Resources Group, Inc.
1,600
36,752
Mead Johnson Nutrition Company
1,800
104,274
Meadowbrook Insurance Group, Inc.
1,100
11,385
MeadWestvaco Corp.
2,915
88,412
Measurement Specialties, Inc. (I)
300
10,218
Medallion Financial Corp.
300
2,637
MedAssets, Inc. (I)
700
10,689
MedCath Corp. (I)
500
6,975
Medco Health Solutions, Inc. (I)
3,200
179,712
Media General, Inc., Class A (I)
500
3,440
Medical Action Industries, Inc. (I)
500
4,200
Medicis Pharmaceutical Corp., Class A
900
28,836
Medidata Solutions, Inc. (I)
300
7,671
Medifast, Inc. (I)
400
7,900
Medivation, Inc. (I)
500
9,320
MEDNAX, Inc. (I)
700
46,627
Medquist Holdings, Inc. (I)
432
4,501
Medtronic, Inc.
7,244
285,051
MEMC Electronic Materials, Inc. (I)
2,874
37,247
Mentor Graphics Corp. (I)
2,200
32,186
Merck & Company, Inc.
28,370
936,494
Mercury Computer Systems, Inc. (I)
500
10,580
Mercury General Corp.
800
31,304
Meredith Corp. (L)
500
16,960
Merge Healthcare, Inc. (I)
1,400
6,832
Meridian Bioscience, Inc.
500
11,995
Meridian Interstate Bancorp, Inc. (I)
400
5,620
Merit Medical Systems, Inc. (I)
300
5,886
Meritage Homes Corp. (I)
400
9,652
Meritor, Inc. (I)
1,100
18,667
Met-Pro Corp.
200
2,380
Metalico, Inc. (I)
1,100
6,842
Methode Electronics, Inc.
400
4,832
MetLife, Inc.
9,200
411,516
Metro Bancorp, Inc. (I)
400
4,940
MetroPCS Communications, Inc. (I)
4,500
73,080
Mettler-Toledo International, Inc. (I)
300
51,600
MF Global Holdings, Ltd. (I)
2,000
16,560
MGE Energy, Inc.
300
12,147
MGIC Investment Corp. (I)
1,700
15,113
MGM Resorts International (I)(L)
5,300
69,695
Michael Baker Corp. (I)
100
2,907
Micrel, Inc.
1,100
14,828
Microchip Technology, Inc. (L)
2,000
76,020
Micromet, Inc. (I)
800
4,488
Micron Technology, Inc. (I)
12,200
139,812
MICROS Systems, Inc. (I)
1,100
54,373
Microsemi Corp. (I)
1,400
28,994
Microsoft Corp.
58,608
1,486,299
MicroStrategy, Inc., Class A (I)
100
13,448
Microvision, Inc. (I)
1,600
2,112
Midas, Inc. (I)
200
1,534
Middleby Corp. (I)
200
18,644
Middlesex Water Company
200
3,638
Miller Industries, Inc.
300
4,872
Mindspeed Technologies, Inc. (I)
400
3,384
Mine Safety Appliances Company
400
14,668
Minera Andes, Inc. (I)
3,400
10,346
Minerals Technologies, Inc.
400
27,408
MIPS Technologies, Inc. (I)
500
5,245
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
United States (continued)
MKS Instruments, Inc.
800
Mobile Mini, Inc. (I)
800
$
26,640
19,216
Modine Manufacturing Company (I)
1,300
20,982
ModusLink Global Solutions, Inc.
200
1,092
Mohawk Industries, Inc. (I)
1,200
73,380
Molex, Inc., Class A
1,000
20,690
Molina Healthcare, Inc. (I)
600
24,000
Molson Coors Brewing Company
2,300
107,847
Monarch Casino & Resort, Inc. (I)
200
2,080
MoneyGram International, Inc. (I)
1,400
4,802
Monolithic Power Systems, Inc. (I)
300
4,257
Monotype Imaging Holdings, Inc. (I)
600
8,700
Monro Muffler Brake, Inc.
300
9,894
Monsanto Company
4,300
310,718
Monster Worldwide, Inc. (I)(L)
1,600
25,440
Moody’s Corp.
2,000
67,820
Moog, Inc., Class A (I)
800
36,728
Morgan Stanley
13,361
365,023
Morningstar, Inc. (L)
600
35,028
MoSys, Inc. (I)
900
5,409
Motorola Mobility Holdings, Inc. (I)
2,562
62,513
Motorola Solutions, Inc. (I)
2,928
130,852
Movado Group, Inc. (L)
300
4,404
Move, Inc. (I)
2,500
5,975
MSC Industrial Direct Company, Inc., Class A
500
34,235
MSCI, Inc. (I)
1,226
45,141
MTS Systems Corp.
200
9,110
Mueller Industries, Inc.
800
29,296
Mueller Water Products, Inc.
1,800
8,064
Multi-Color Corp.
100
2,021
Multi-Fineline Electronix, Inc. (I)
300
8,466
Multimedia Games, Inc. (I)
1,200
6,876
Murphy Oil Corp.
1,700
124,814
MWI Veterinary Supply, Inc. (I)
200
16,136
Myers Industries, Inc.
300
2,979
Mylan, Inc. (I)
4,200
95,214
MYR Group, Inc. (I)
300
7,176
Myriad Genetics, Inc. (I)
1,200
24,180
Myriad Pharmaceuticals, Inc. (I)
250
965
Nabi Biopharmaceuticals (I)
400
2,324
NACCO Industries, Inc., Class A
100
11,067
Nalco Holding Company
1,300
35,503
Nanometrics, Inc. (I)
400
7,236
Nara Bancorp, Inc. (I)
700
6,734
Nash Finch Company
200
7,588
National Beverage Corp.
651
8,938
National CineMedia, Inc.
700
13,069
National Financial Partners Corp. (I)
900
13,275
National Fuel Gas Company
800
59,200
National Healthcare Corp.
100
4,649
National Instruments Corp.
1,650
54,071
National Interstate Corp.
200
4,170
National Oilwell Varco, Inc.
4,700
372,569
National Penn Bancshares, Inc.
1,500
11,610
National Presto Industries, Inc.
100
11,268
National Semiconductor Corp.
3,506
50,276
Natural Gas Services Group, Inc. (I)
100
1,776
Natus Medical, Inc. (I)
500
8,400
Navigant Consulting Company (I)
1,000
9,990
Navistar International Corp. (I)
1,000
69,330
NBT Bancorp, Inc.
300
6,837
NCR Corp. (I)
2,200
41,448
Neenah Paper, Inc.
500
10,985
Nelnet, Inc., Class A
800
17,464
Neogen Corp. (I)
350
14,483
130
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
United States (continued)
NetApp, Inc. (I)
2,500
Netflix, Inc. (I)
500
$
120,450
118,665
NETGEAR, Inc. (I)
500
16,220
Netlogic Microsystems, Inc. (I)
800
33,616
Netscout Systems, Inc. (I)
600
16,392
NetSuite, Inc. (I)
700
20,356
Network Equipment Technologies, Inc. (I)
700
2,639
Neurocrine Biosciences, Inc. (I)
1,600
12,144
NeurogesX, Inc. (I)(L)
340
1,377
NeuStar, Inc., Class A (I)
975
24,941
Neutral Tandem, Inc. (I)(L)
300
4,425
New Jersey Resources Corp.
600
25,770
New York & Company, Inc. (I)
200
1,402
New York Community Bancorp, Inc.
5,752
99,280
NewAlliance Bancshares, Inc.
2,200
32,648
Newell Rubbermaid, Inc.
3,900
74,607
Newfield Exploration Company (I)
1,900
144,419
NewMarket Corp.
300
47,466
Newmont Mining Corp.
4,000
218,320
Newpark Resources, Inc. (I)
1,011
7,946
Newport Corp. (I)
400
7,132
News Corp., Class A
16,200
284,472
News Corp., Class B
5,700
106,134
NewStar Financial, Inc. (I)
1,100
12,012
Nextera Energy, Inc.
2,900
159,848
NIC, Inc.
800
9,968
Nicor, Inc.
700
37,590
NII Holdings, Inc. (I)
2,300
95,841
NIKE, Inc., Class B
2,700
204,390
NiSource, Inc.
2,500
47,950
NL Industries, Inc.
400
5,940
Noble Corp.
100
4,562
Noble Energy, Inc.
1,500
144,975
Nordson Corp.
400
46,024
Nordstrom, Inc.
1,900
85,272
Norfolk Southern Corp.
3,828
265,166
Northeast Utilities
1,900
65,740
Northern Oil and Gas, Inc. (I)
542
14,471
Northern Trust Corp.
2,200
111,650
Northfield Bancorp, Inc. (L)
900
12,420
Northrop Grumman Corp.
2,800
175,588
Northwest Bancshares, Inc.
2,025
25,394
Northwest Natural Gas Company
400
18,452
Northwest Pipe Company (I)
200
4,586
NorthWestern Corp.
600
18,180
Novatel Wireless, Inc. (I)
600
3,276
Novavax, Inc. (I)(L)
1,200
3,108
Novell, Inc. (I)
5,700
33,801
Novellus Systems, Inc. (I)
1,400
51,982
NPS Pharmaceuticals, Inc. (I)
400
3,828
NRG Energy, Inc. (I)
3,511
75,627
NSTAR
1,100
50,897
NTELOS Holdings Corp.
400
7,364
Nu Skin Enterprises, Inc., Class A
900
25,875
Nuance Communications, Inc. (I)
4,100
80,196
Nucor Corp.
2,700
124,254
Nutraceutical International Corp. (I)
300
4,494
NutriSystem, Inc.
300
4,347
NuVasive, Inc. (I)(L)
500
12,660
NV Energy, Inc.
3,000
44,670
NVIDIA Corp. (I)
5,400
99,684
NVR, Inc. (I)(L)
100
75,600
NxStage Medical, Inc. (I)
900
19,782
NYSE Euronext
3,700
130,129
O’Reilly Automotive, Inc. (I)
2,100
120,666
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
United States (continued)
Obagi Medical Products, Inc. (I)
300
$
3,792
Occidental Petroleum Corp.
7,601
794,228
Oceaneering International, Inc. (I)
500
44,725
OceanFirst Financial Corp.
200
2,790
Ocwen Financial Corp. (I)
1,800
19,836
Office Depot, Inc. (I)
5,200
24,076
OfficeMax, Inc. (I)
1,000
12,940
OGE Energy Corp.
900
45,504
Oil States International, Inc. (I)
900
68,526
Old Dominion Freight Line, Inc. (I)
900
31,581
Old National Bancorp
1,500
16,080
Old Republic International Corp.
3,830
48,603
Old Second Bancorp, Inc. (L)
200
200
Olin Corp.
1,500
34,380
Olympic Steel, Inc.
100
3,281
OM Group, Inc. (I)
600
21,924
Omega Flex, Inc. (I)
100
1,345
Omnicare, Inc.
1,800
53,982
Omnicell, Inc. (I)
600
9,144
Omnicom Group, Inc.
2,065
101,309
OmniVision Technologies, Inc. (I)
1,100
39,083
Omnova Solutions, Inc. (I)
1,200
9,444
On Assignment, Inc. (I)
600
5,676
ON Semiconductor Corp. (I)
4,400
43,428
OncoGenex Pharmaceutical, Inc. (I)
100
1,534
OneBeacon Insurance Group, Ltd.
300
4,059
ONEOK, Inc.
900
60,192
Online Resources Corp. (I)
800
3,024
Onyx Pharmaceuticals, Inc. (I)
700
24,626
OpenTable, Inc. (I)
300
31,905
Openwave Systems, Inc. (I)
1,800
3,852
Opko Health, Inc. (I)(L)
1,900
7,087
Oplink Communications, Inc. (I)
300
5,847
Opnet Technologies, Inc.
445
17,351
optionsXpress Holdings, Inc.
900
16,479
Oracle Corp.
31,754
1,059,631
OraSure Technologies, Inc. (I)
600
4,716
Orbital Sciences Corp., Class A (I)
900
17,028
Orbitz Worldwide, Inc. (I)
700
2,499
Orexigen Therapeutics, Inc. (I)(L)
600
1,686
Orion Marine Group, Inc. (I)
300
3,222
Oritani Financial Corp.
735
9,320
Ormat Technologies, Inc.
600
15,198
Orthovita, Inc. (I)
600
1,278
Oshkosh Corp. (I)
1,300
45,994
OSI Systems, Inc. (I)
400
15,012
Osiris Therapeutics, Inc. (I)
500
3,630
Otter Tail Corp.
600
13,638
Outdoor Channel Holdings, Inc. (I)
300
2,238
Overhill Farms, Inc. (I)
800
4,872
Overseas Shipholding Group, Inc. (L)
500
16,070
Overstock.com, Inc. (I)
200
3,144
Owens & Minor, Inc.
750
24,360
Owens Corning (I)
1,620
58,304
Owens-Illinois, Inc. (I)
2,200
66,418
Oxford Industries, Inc.
100
3,419
P.A.M. Transportation Services, Inc. (I)
300
3,645
P.F. Chang’s China Bistro, Inc.
300
13,857
P.H. Glatfelter Company
800
10,656
PACCAR, Inc.
2,556
133,807
Pacer International, Inc. (I)
200
1,052
Pacific Continental Corp.
400
4,076
Pacific Sunwear of California, Inc. (I)
400
1,444
Packaging Corp. of America
1,400
40,446
PacWest Bancorp (L)
500
10,875
131
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
United States (continued)
PAETEC Holding Corp. (I)
3,400
Pain Therapeutics, Inc. (I)
900
$
11,356
8,604
Pall Corp.
1,100
63,371
Palomar Medical Technologies, Inc. (I)
500
7,425
Panera Bread Company, Class A (I)
400
50,800
Panhandle Oil and Gas, Inc.
100
3,165
Papa John’s International, Inc. (I)
500
15,835
Par Pharmaceutical Companies, Inc. (I)
900
27,972
PAR Technology Corp. (I)
300
1,350
Parametric Technology Corp. (I)
1,500
33,735
Parexel International Corp. (I)
1,100
27,390
Park Electrochemical Corp.
400
12,900
Park National Corp.
300
20,046
Park-Ohio Holdings Corp. (I)
300
6,198
Parker Drilling Company (I)
2,500
17,275
Parker Hannifin Corp.
2,300
217,764
Patriot Coal Corp. (I)
1,400
36,162
Patterson Companies, Inc.
1,600
51,504
Patterson-UTI Energy, Inc.
2,600
76,414
Paychex, Inc.
2,465
77,302
PDI, Inc. (I)
300
2,433
PDL BioPharma, Inc.
1,900
11,020
Peabody Energy Corp.
2,000
143,920
Peet’s Coffee & Tea, Inc. (I)(L)
200
9,618
Penford Corp. (I)
100
623
Penn National Gaming, Inc. (I)(L)
1,200
44,472
Penn Virginia Corp.
500
8,480
Pennichuck Corp.
200
5,698
Penske Automotive Group, Inc. (I)
1,200
24,024
Penson Worldwide, Inc. (I)
200
1,342
Pentair, Inc.
1,400
52,906
People’s United Financial, Inc.
5,600
70,448
Peoples Bancorp, Inc.
100
1,202
Pep Boys - Manny, Moe & Jack
1,100
13,981
Pepco Holdings, Inc.
2,000
37,300
PepsiCo, Inc.
11,518
741,874
Perficient, Inc. (I)
500
6,005
Pericom Semiconductor Corp. (I)
400
4,148
PerkinElmer, Inc.
1,600
42,032
Perrigo Company
1,000
79,520
Perry Ellis International, Inc. (I)
200
5,504
PetMed Express, Inc.
300
4,758
Petrohawk Energy Corp. (I)
3,000
73,620
Petroleum Development Corp. (I)
400
19,204
Petroquest Energy, Inc. (I)
1,000
9,360
PetSmart, Inc.
1,300
53,235
Pfizer, Inc.
75,307
1,529,485
PG&E Corp.
2,765
122,158
PGT, Inc. (I)
400
940
Pharmaceutical Product Development, Inc.
1,500
41,565
Pharmasset, Inc. (I)
300
23,613
PharMerica Corp. (I)
600
6,864
PHH Corp. (I)
900
19,593
Philip Morris International, Inc.
13,207
866,775
Phillips-Van Heusen Corp.
900
58,527
Photronics, Inc. (I)
1,000
8,970
PICO Holdings, Inc. (I)
500
15,030
Piedmont Natural Gas Company, Inc.
1,200
36,420
Pier 1 Imports, Inc. (I)
1,600
16,240
Pike Electric Corp. (I)
500
4,760
Pilgrim’s Pride Corp. (I)
2,200
16,962
Pinnacle Entertainment, Inc. (I)
1,500
20,430
Pinnacle Financial Partners, Inc. (I)(L)
500
8,270
Pinnacle West Capital Corp.
1,200
51,348
Pioneer Drilling Company (I)
300
4,140
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
United States (continued)
Pioneer Natural Resources Company
1,900
Piper Jaffray Companies (I)
200
$
193,648
8,286
Pitney Bowes, Inc.
1,800
46,242
Plains Exploration & Production Company (I)
1,900
68,837
Plantronics, Inc.
900
32,958
Plexus Corp. (I)
500
17,530
PMC-Sierra, Inc. (I)
3,400
25,500
PMFG, Inc. (I)
100
2,134
PNC Financial Services Group, Inc.
5,800
365,342
PNM Resources, Inc.
1,200
17,904
Polaris Industries, Inc. (L)
500
43,510
Polo Ralph Lauren Corp.
900
111,285
Polycom, Inc. (I)
1,300
67,405
PolyOne Corp.
1,200
17,052
Polypore International, Inc. (I)
800
46,064
Pool Corp. (L)
700
16,877
Portfolio Recovery Associates, Inc. (I)
200
17,026
Portland General Electric Company
1,100
26,147
Powell Industries, Inc. (I)
100
3,944
Power Integrations, Inc.
400
15,332
Power-One, Inc. (I)(L)
1,200
10,500
PPG Industries, Inc.
1,300
123,773
PPL Corp.
3,365
85,135
Praxair, Inc.
2,600
264,160
Pre-Paid Legal Services, Inc. (I)(L)
100
6,600
Precision Castparts Corp.
1,200
176,616
Premiere Global Services, Inc. (I)
1,100
8,382
Presidential Life Corp.
300
2,859
Prestige Brands Holdings, Inc. (I)
1,300
14,950
priceline.com, Inc. (I)
500
253,220
Pricesmart, Inc.
500
18,320
Pride International, Inc. (I)
3,000
128,850
Principal Financial Group, Inc.
4,100
131,651
PrivateBancorp, Inc.
900
13,761
ProAssurance Corp. (I)
500
31,685
Progenics Pharmaceuticals, Inc. (I)
200
1,236
Progress Energy, Inc.
2,600
119,964
Progress Software Corp. (I)
750
21,818
PROS Holdings, Inc. (I)
700
10,199
Prosperity Bancshares, Inc. (L)
700
29,939
Protective Life Corp.
900
23,895
Provident Financial Services, Inc.
1,100
16,280
Provident New York Bancorp
800
8,256
Prudential Financial, Inc.
5,100
314,058
PSS World Medical, Inc. (I)
900
24,435
Public Service Enterprise Group, Inc.
5,700
179,607
Pulse Electronics Corp.
800
4,840
Pulte Group, Inc. (I)
5,100
37,740
QEP Resources, Inc.
2,500
101,350
QLogic Corp. (I)
1,700
31,535
Quaker Chemical Corp.
100
4,017
QUALCOMM, Inc.
11,200
614,096
Quality Systems, Inc.
400
33,336
Quanex Building Products Corp.
500
9,815
Quanta Services, Inc. (I)
2,800
62,804
Quantum Corp. (I)
2,200
5,544
Quest Diagnostics, Inc.
2,600
150,072
Quest Software, Inc. (I)
1,300
33,007
Questar Corp.
2,500
43,625
Questcor Pharmaceuticals, Inc. (I)
900
12,969
Quicksilver Resources, Inc. (I)
2,800
40,068
Quidel Corp. (I)
400
4,784
Quiksilver, Inc. (I)
1,800
7,956
Qwest Communications International, Inc.
15,100
103,133
R.R. Donnelley & Sons Company
2,600
49,192
132
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
COMMON STOCKS (continued)
United States (continued)
Value
Rackspace Hosting, Inc. (I)
2,100
Radian Group, Inc. (L)
2,100
$
89,985
14,301
Radiant Systems, Inc. (I)
300
5,310
RadioShack Corp. (L)
1,730
25,967
RadiSys Corp. (I)
200
1,732
Ralcorp Holdings, Inc. (I)
800
54,744
Rambus, Inc. (I)
1,700
33,660
Range Resources Corp.
2,300
134,458
Raven Industries, Inc.
300
18,426
Raymond James Financial, Inc.
1,800
68,832
Raytheon Company
3,200
162,784
RBC Bearings, Inc. (I)
300
11,469
RC2 Corp. (I)
400
11,240
RealNetworks, Inc. (I)
2,800
10,416
Red Hat, Inc. (I)
1,585
71,943
Red Robin Gourmet Burgers, Inc. (I)
400
10,760
Regal Entertainment Group
1,700
22,950
Regal-Beloit Corp.
600
44,298
Regeneron Pharmaceuticals, Inc. (I)
1,100
49,434
Regions Financial Corp.
16,000
116,160
Regis Corp.
1,100
19,514
RehabCare Group, Inc. (I)
300
11,061
Reinsurance Group of America, Inc.
1,100
69,058
Reliance Steel & Aluminum Company
1,300
75,114
Renaissance Learning, Inc.
300
3,525
Renasant Corp.
200
3,396
Rent-A-Center, Inc.
1,100
38,401
Rentrak Corp. (I)
200
5,384
Republic Bancorp, Inc., Class A
300
5,844
Republic First Bancorp, Inc. (I)
700
1,953
Republic Services, Inc.
3,305
99,282
ResMed, Inc. (I)(L)
2,000
60,000
Resource America, Inc.
565
3,616
Resources Connection, Inc.
700
13,573
Retail Ventures, Inc. (I)
2,500
43,125
Revlon, Inc. (I)
600
9,522
Rex Energy Corp. (I)
800
9,320
Reynolds American, Inc.
4,800
170,544
RF Micro Devices, Inc. (I)
3,400
21,794
RG Barry Corp.
344
4,503
Richardson Electronics, Ltd.
300
3,954
Rigel Pharmaceuticals, Inc. (I)
800
5,688
RightNow Technologies, Inc. (I)
600
18,780
Rimage Corp.
200
3,230
Riverbed Technology, Inc. (I)
1,800
67,770
RLI Corp.
400
23,060
Robbins & Myers, Inc.
868
39,919
Robert Half International, Inc.
1,200
36,720
Rock-Tenn Company, Class A
600
41,610
Rockville Financial, Inc.
303
3,160
Rockwell Automation, Inc.
1,400
132,510
Rockwell Collins, Inc.
1,265
82,010
Rockwood Holdings, Inc. (I)
900
44,298
Rodman & Renshaw Capital Group, Inc. (I)
1,000
2,050
Rofin-Sinar Technologies, Inc. (I)
600
23,700
Rogers Corp. (I)
300
13,518
Rollins, Inc.
1,950
39,585
Roma Financial Corp.
200
2,214
Roper Industries, Inc.
1,400
121,044
Rosetta Resources, Inc. (I)
700
33,278
Rosetta Stone, Inc. (I)
300
3,963
Ross Stores, Inc.
1,100
78,232
Rovi Corp. (I)
1,500
80,475
Rowan Companies, Inc. (I)
1,700
75,106
Royal Caribbean Cruises, Ltd. (I)
3,900
160,914
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
United States (continued)
Royal Gold, Inc.
900
$
47,160
RPC, Inc. (L)
2,100
53,172
RPM International, Inc.
1,700
40,341
RSC Holdings, Inc. (I)
1,400
20,132
RTI Biologics, Inc. (I)
1,400
4,004
RTI International Metals, Inc. (I)
400
12,460
Rubicon Technology, Inc. (I)(L)
400
11,072
Ruby Tuesday, Inc. (I)
1,200
15,732
Ruddick Corp.
700
27,013
Rudolph Technologies, Inc. (I)
600
6,564
Rush Enterprises, Inc., Class A (I)
500
9,900
Ruth’s Hospitality Group, Inc. (I)
900
4,644
Ryder Systems, Inc.
800
40,480
Ryland Group, Inc.
900
14,310
S&T Bancorp, Inc.
400
8,628
S1 Corp. (I)
700
4,676
Saba Software, Inc. (I)
800
7,848
Safeguard Scientifics, Inc. (I)
400
8,140
Safety Insurance Group, Inc.
200
9,222
Safeway, Inc.
5,200
122,408
Saia, Inc. (I)
300
4,917
SAIC, Inc. (I)
4,975
84,177
Saks, Inc. (I)(L)
2,500
28,275
Salesforce.com, Inc. (I)
1,100
146,938
Sally Beauty Holdings, Inc. (I)(L)
2,450
34,325
Sanders Morris Harris Group, Inc.
900
7,209
Sanderson Farms, Inc.
400
18,368
SanDisk Corp. (I)
3,500
161,315
SandRidge Energy, Inc. (I)(L)
5,388
68,966
Sandy Spring Bancorp, Inc.
300
5,538
Sangamo Biosciences, Inc. (I)
700
5,831
Sanmina-SCI Corp. (I)
1,300
14,573
Santarus, Inc. (I)
1,300
4,446
Sapient Corp. (I)
1,600
18,320
Sara Lee Corp.
6,900
121,923
Sauer-Danfoss, Inc. (I)
300
15,279
SAVVIS, Inc. (I)
804
29,820
SBA Communications Corp., Class A (I)
1,000
39,680
SCANA Corp.
1,000
39,370
Scansource, Inc. (I)
600
22,794
SCBT Financial Corp.
300
9,984
Schawk, Inc., Class A
500
9,720
Schlumberger, Ltd.
10,529
981,935
Schnitzer Steel Industries, Inc.
400
26,004
Scholastic Corp.
400
10,816
School Specialty, Inc. (I)
200
2,860
Schweitzer-Mauduit International, Inc.
300
15,183
Scientific Games Corp., Class A (I)
1,200
10,488
Scripps Networks Interactive, Inc., Class A
1,100
55,099
SeaBright Holdings, Inc.
200
2,050
Seachange International, Inc. (I)
300
2,850
SEACOR Holdings, Inc.
300
27,738
Seahawk Drilling, Inc. (I)
213
1,306
Sealed Air Corp.
2,200
58,652
Sealy Corp. (I)(L)
1,200
3,048
Sears Holdings Corp. (I)(L)
1,100
90,915
SEI Investments Company
1,800
42,984
Select Comfort Corp. (I)
800
9,648
Select Medical Holdings Corp. (I)
2,500
20,150
Selective Insurance Group, Inc.
800
13,840
Sempra Energy
1,700
90,950
Semtech Corp. (I)
800
20,016
Seneca Foods Corp., Class A (I)
200
5,974
Sensient Technologies Corp.
900
32,256
Service Corp. International
3,200
35,392
133
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
United States (continued)
SFN Group, Inc. (I)
800
Shenandoah Telecommunications Company
200
$
11,272
3,612
Shoe Carnival, Inc. (I)
300
8,415
Shuffle Master, Inc. (I)
1,100
11,748
Shutterfly, Inc. (I)
400
20,944
Sierra Bancorp
100
1,118
Sigma Designs, Inc. (I)
900
11,655
Sigma-Aldrich Corp. (L)
1,100
70,004
Signature Bank (I)
700
39,480
Silgan Holdings, Inc.
1,200
45,768
Silicon Graphics International Corp. (I)
600
12,840
Silicon Image, Inc. (I)
400
3,588
Silicon Laboratories, Inc. (I)
700
30,247
Simmons First National Corp., Class A
200
5,418
Simpson Manufacturing Company, Inc.
1,000
29,460
Sinclair Broadcast Group, Inc., Class A
1,000
12,540
Sirona Dental Systems, Inc. (I)
800
40,128
SJW Corp.
300
6,945
Skechers U.S.A., Inc., Class A (I)
400
8,216
Skilled Healthcare Group, Inc. (I)
300
4,317
Skyline Corp.
100
2,005
Skywest, Inc.
1,200
20,304
Skyworks Solutions, Inc. (I)
3,000
97,260
SLM Corp. (I)
6,700
102,510
SM Energy Company
900
66,771
Smart Balance, Inc. (I)
1,172
5,379
Technologies (WWH), Inc. (I)
1,100
8,547
Smith & Wesson Holding Corp. (I)(L)
1,700
6,035
Smith Micro Software, Inc. (I)
700
6,552
Smithfield Foods, Inc. (I)
2,500
60,150
Snap-On, Inc.
900
54,054
Snyders-Lance, Inc.
400
7,940
SolarWinds, Inc. (I)
1,000
23,460
Solera Holdings, Inc.
1,000
51,100
Solutia, Inc. (I)
1,700
43,180
Sonic Automotive, Inc.
600
8,406
Sonic Corp. (I)
600
5,430
Sonoco Products Company
1,300
47,099
SonoSite, Inc. (I)
300
9,996
Sonus Networks, Inc. (I)
1,700
6,392
Sotheby’s
800
42,080
Sourcefire, Inc. (I)
200
5,502
South Jersey Industries, Inc.
400
22,388
Southern Company
6,065
231,137
Southern Copper Corp.
5,800
233,566
Southern Union Company
1,700
48,654
Southside Bancshares, Inc.
410
8,774
Southwest Airlines Company
10,400
131,352
Southwest Bancorp, Inc. (I)
200
2,838
Southwest Gas Corp.
600
23,382
Southwestern Energy Company (I)
2,600
111,722
Spansion, Inc., Class A (I)
900
16,803
Spartan Stores, Inc.
200
2,958
Spartech Corp. (I)
400
2,900
Spectra Energy Corp.
4,600
125,028
Spectranetics Corp. (I)
700
3,297
Spectrum Brands Holdings, Inc. (I)
600
16,656
Spectrum Control, Inc. (I)
300
5,904
Spectrum Pharmaceuticals, Inc. (I)
1,100
9,779
Speedway Motorsports, Inc.
700
11,186
Spirit Aerosystems Holdings, Inc., Class A (I)
1,400
35,938
SMART Modular
Sprint Nextel Corp. (I)
31,300
145,232
SPX Corp.
800
63,512
SRA International, Inc., Class A (I)
700
19,852
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
United States (continued)
SRS Labs, Inc. (I)
400
St. Jude Medical, Inc.
2,290
$
3,416
117,385
Stage Stores, Inc.
500
9,610
Stamps.com, Inc.
400
5,340
StanCorp Financial Group, Inc.
800
36,896
Standard Microsystems Corp. (I)
300
7,398
Standard Motor Products, Inc.
500
6,915
Standard Pacific Corp. (I)
2,300
8,579
Standard Parking Corp. (I)
200
3,552
Standard Register Company
200
664
Standex International Corp.
300
11,367
Stanley Black & Decker, Inc.
2,156
165,150
Staples, Inc.
5,802
112,675
Starbucks Corp.
4,800
177,360
Starwood Hotels & Resorts Worldwide, Inc.
1,700
98,804
State Auto Financial Corp.
900
16,398
State Bancorp, Inc.
200
2,078
State Street Corp.
4,900
220,206
STEC, Inc. (I)
700
14,063
Steel Dynamics, Inc.
3,000
56,310
Steelcase, Inc., Class A
1,200
13,656
Stein Mart, Inc.
700
7,077
Steinway Musical Instruments, Inc. (I)
100
2,221
StellarOne Corp.
200
2,840
Stepan Company
100
7,250
Stericycle, Inc. (I)
700
62,069
STERIS Corp.
844
29,152
Sterling Bancorp
600
6,006
Sterling Bancshares, Inc.
1,900
16,359
Sterling Construction Company, Inc. (I)
300
5,064
Sterling Financial Corp. (I)
4
67
Steven Madden, Ltd. (I)
300
14,079
Stewart Enterprises, Inc., Class A (L)
1,600
12,224
Stewart Information Services Corp.
200
2,096
Stifel Financial Corp. (I)
550
39,485
Stillwater Mining Company (I)
1,800
41,274
Stone Energy Corp. (I)
200
6,674
Stoneridge, Inc. (I)
200
2,924
Stratasys, Inc. (I)
200
9,400
Strayer Education, Inc. (L)
300
39,147
Stryker Corp.
2,828
171,942
Sturm Ruger & Company, Inc.
300
6,891
SuccessFactors, Inc. (I)
1,000
39,090
Suffolk Bancorp
100
2,098
Sun Bancorp, Inc. (I)
315
1,096
Sun Healthcare Group, Inc. (I)
300
4,221
Sun Hydraulics, Inc.
300
12,930
Sunoco, Inc.
2,100
95,739
SunPower Corp., Class A (I)
900
15,426
SunPower Corp., Class B (I)
709
11,819
Sunrise Senior Living, Inc. (I)
300
3,579
SunTrust Banks, Inc.
5,500
158,620
Super Micro Computer, Inc. (I)
700
11,228
Superior Energy Services, Inc. (I)
1,400
57,400
Superior Industries International, Inc.
500
12,820
Supertex, Inc. (I)
100
2,228
SUPERVALU, Inc. (L)
2,900
25,897
Support.com, Inc. (I)
600
3,114
SureWest Communications (I)
200
2,876
SurModics, Inc. (I)
200
2,500
Susquehanna Bancshares, Inc.
2,100
19,635
Susser Holdings Corp. (I)
200
2,618
SVB Financial Group (I)
500
28,465
Swift Energy Company (I)
500
21,340
SWS Group, Inc.
400
2,428
134
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
United States (continued)
SXC Health Solutions Corp. (I)
400
SY Bancorp, Inc.
100
$
21,817
2,516
Sycamore Networks, Inc.
470
11,482
Sykes Enterprises, Inc. (I)
600
11,862
Symantec Corp. (I)
7,200
133,488
Symmetricom, Inc. (I)
900
5,517
Symmetry Medical, Inc. (I)
400
3,920
Synaptics, Inc. (I)
500
13,510
Synchronoss Technologies, Inc. (I)
500
17,375
SYNNEX Corp. (I)
700
22,911
Synopsys, Inc. (I)
2,100
58,065
Synovis Life Technologies, Inc. (I)
100
1,918
Synovus Financial Corp.
5,500
13,200
Synta Pharmaceuticals Corp. (I)
300
1,578
Syntel, Inc.
700
36,561
Sysco Corp.
4,059
112,434
Systemax, Inc. (I)
700
9,464
T. Rowe Price Group, Inc.
1,800
119,556
Take-Two Interactive Software, Inc. (I)
1,019
15,662
TAL International Group, Inc.
700
25,389
Talbots, Inc. (I)
900
5,436
Taleo Corp. (I)
600
21,390
Targacept, Inc. (I)
256
6,807
Target Corp.
6,500
325,065
Taser International, Inc. (I)(L)
400
1,628
Taylor Capital Group, Inc. (I)
400
4,204
TCF Financial Corp.
1,900
30,134
TD Ameritrade Holding Corp.
2,497
52,112
Team, Inc. (I)
400
10,504
Tech Data Corp. (I)
800
40,688
Techne Corp.
600
42,960
TechTarget, Inc. (I)
289
2,575
TECO Energy, Inc.
1,900
35,644
Tecumseh Products Company, Class A (I)
100
1,002
Tejon Ranch Company (I)
338
12,418
Tekelec, Inc. (I)
1,000
8,120
TeleCommunication Systems, Inc. (I)
300
1,236
Teledyne Technologies, Inc. (I)
500
25,855
Teleflex, Inc.
600
34,788
Telephone & Data Systems, Inc.
800
26,960
Special Shares
900
26,568
TeleTech Holdings, Inc. (I)
900
17,442
Tellabs, Inc.
7,800
40,872
Telular Corp.
700
5,082
Temple-Inland, Inc.
2,100
49,140
Tempur-Pedic International, Inc. (I)
1,000
50,660
Tenet Healthcare Corp. (I)
8,000
59,600
Tennant Company
300
12,612
Tenneco, Inc. (I)
300
12,735
Teradata Corp. (I)
1,400
70,980
Teradyne, Inc. (I)(L)
2,400
42,744
Terex Corp. (I)
1,500
55,560
Terremark Worldwide, Inc. (I)
1,100
20,900
Territorial Bancorp, Inc.
200
3,984
Tesoro Corp. (I)
2,000
53,660
Tessera Technologies, Inc. (I)
1,000
18,260
Tethys Petroleum Ltd. (I)
400
607
Teton Advisors, Inc., Class A
1
13
Tetra Tech, Inc. (I)
800
19,752
TetraTechnologies, Inc. (I)
1,600
24,640
Texas Capital Bancshares, Inc. (I)
800
20,792
Texas Industries, Inc.
600
27,138
Texas Instruments, Inc.
8,300
286,848
Texas Roadhouse, Inc., Class A
1,200
20,388
Telephone & Data Systems, Inc. -
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
United States (continued)
Textron, Inc. (L)
3,600
$
98,604
TFS Financial Corp.
4,100
43,542
The Advisory Board Company (I)
300
15,450
The AES Corp. (I)
10,800
140,400
The Allstate Corp.
5,800
184,324
The Andersons, Inc.
300
14,616
The Babcock & Wilcox Company (I)
1,200
40,056
The Bank of New York Mellon Corp.
13,650
407,726
The Boeing Company
5,900
436,187
The Brinks Company
700
23,177
The Buckle, Inc.
550
22,220
The Cato Corp., Class A
400
9,800
The Charles Schwab Corp.
7,700
138,831
The Cheesecake Factory, Inc. (I)
800
24,072
The Children’s Place Retail Stores, Inc. (I)
600
29,898
The Coca-Cola Company
15,579
1,033,667
The Cooper Companies, Inc.
700
48,615
The Corporate Executive Board Company
500
20,185
The Dolan Company (I)
400
4,856
The Dow Chemical Company
10,576
399,244
The Empire District Electric Company
500
10,895
The Ensign Group, Inc.
200
6,386
The Estee Lauder Companies, Inc., Class A
1,000
96,360
The Finish Line, Inc., Class A
300
5,955
The First Marblehead Corp. (I)
800
1,760
The Gap, Inc.
4,528
102,604
The Geo Group, Inc. (I)
1,220
31,281
The Goldman Sachs Group, Inc.
4,412
699,170
The Goodyear Tire & Rubber Company (I)
1,900
28,462
The Gorman-Rupp Company
300
11,817
Tea Company, Inc. (I)
1,000
230
The Hackett Group, Inc. (I)
1,000
3,840
The Hain Celestial Group, Inc. (I)
600
19,368
The Hanover Insurance Group, Inc.
800
36,200
The Hershey Company
1,400
76,090
The Interpublic Group of Companies, Inc.
6,700
84,219
The J.M. Smucker Company
1,800
128,502
The Jones Group, Inc.
1,300
17,875
The Knot, Inc. (I)
300
3,615
The Kroger Company
5,159
123,661
The Laclede Group, Inc.
400
15,240
The Manitowoc Company, Inc. (L)
2,700
59,076
The McClatchy Company, Class A (I)
800
2,720
The McGraw-Hill Companies, Inc.
2,600
102,440
The Medicines Company (I)
400
6,516
The Men’s Wearhouse, Inc.
900
24,354
The Mosaic Company
2,300
181,125
The NASDAQ OMX Group, Inc. (I)
2,800
72,352
The Navigators Group, Inc. (I)
400
20,600
The Great Atlantic & Pacific
The New York Times Company, Class A (I)(L)
1,400
13,258
The Pantry, Inc. (I)
300
4,449
The Phoenix Companies, Inc. (I)
1,200
3,264
The PMI Group, Inc. (I)(L)
2,600
7,020
The Procter & Gamble Company
25,547
1,573,695
The Progressive Corp.
6,100
128,893
The Providence Service Corp. (I)
500
7,490
The Scotts Miracle-Gro Company, Class A
900
52,065
The Shaw Group, Inc. (I)
1,235
43,731
The Sherwin-Williams Company
1,000
83,990
The St. Joe Company (I)(L)
1,600
40,112
The Timberland Company, Class A (I)
800
33,032
The Toro Company
400
26,488
The Travelers Companies, Inc.
5,900
350,932
The Walt Disney Company
17,566
756,919
135
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
United States (continued)
The Warnaco Group, Inc. (I)
600
The Washington Post Company, Class B
200
$
34,314
87,512
The Western Union Company
4,700
97,619
The Wet Seal, Inc., Class A (I)
2,000
8,560
The Williams Companies, Inc.
4,400
137,192
Theravance, Inc. (I)
805
19,497
Thermo Fisher Scientific, Inc. (I)
4,611
256,141
Thomas & Betts Corp. (I)
800
47,576
Thor Industries, Inc.
700
23,359
Thoratec Corp. (I)
800
20,744
THQ, Inc. (I)
1,200
5,472
TIBCO Software, Inc. (I)
3,100
84,475
Tidewater, Inc.
800
47,880
Tiffany & Company
1,300
79,872
Time Warner Cable, Inc.
3,940
281,080
Time Warner, Inc.
12,633
450,998
Timken Company
1,300
67,990
Titan International, Inc.
525
13,970
Titan Machinery, Inc. (I)
400
10,100
Titanium Metals Corp. (I)
2,800
52,024
TJX Companies, Inc.
2,665
132,530
TNS, Inc. (I)
400
6,228
Toll Brothers, Inc. (I)
2,900
57,333
TomoTherapy, Inc. (I)
2,100
9,597
Tompkins Financial Corp.
110
4,571
Tootsie Roll Industries, Inc. (L)
436
12,356
Torchmark Corp.
1,200
79,776
Total SA, SADR
6,600
402,402
Total Systems Services, Inc. (L)
2,600
46,852
Tower Bancorp., Inc.
200
4,458
Tower Group, Inc.
700
16,821
Towers Watson & Company, Class A
500
27,730
TowneBank (L)
500
7,830
Tractor Supply Company
1,200
71,832
TradeStation Group, Inc. (I)
800
5,616
Transatlantic Holdings, Inc.
1,000
48,670
Transcept Pharmaceuticals, Inc. (I)
253
2,072
TransDigm Group, Inc. (I)
700
58,681
Travelzoo, Inc. (I)(L)
400
26,636
Tree.com, Inc. (I)
20
118
TreeHouse Foods, Inc. (I)
600
34,122
Trex Company, Inc. (I)
300
9,786
TriCo Bancshares
400
6,524
TriMas Corp. (I)
500
10,750
Trimble Navigation, Ltd. (I)
1,600
80,864
Trimeris, Inc. (I)
500
1,255
Trinity Industries, Inc.
1,000
36,670
TriQuint Semiconductor, Inc. (I)
4,300
55,513
Triumph Group, Inc.
400
35,380
True Religion Apparel, Inc. (I)
400
9,388
TrueBlue, Inc. (I)
500
8,395
TrustCo Bank Corp.
1,600
9,488
Trustmark Corp. (L)
1,100
25,762
TRW Automotive Holdings Corp. (I)
2,300
126,684
TTM Technologies, Inc. (I)
1,300
23,608
Tuesday Morning Corp. (I)
900
4,410
Tupperware Brands Corp.
1,000
59,710
Tutor Perini Corp.
700
17,052
TW Telecom, Inc. (I)
2,100
40,320
Twin Disc, Inc.
400
12,888
Tyler Technologies, Inc. (I)
500
11,855
Tyson Foods, Inc., Class A
4,400
84,436
U.S. Bancorp
17,500
462,525
UGI Corp.
1,700
55,930
UIL Holding Corp.
700
21,364
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
United States (continued)
Ulta Salon, Cosmetics & Fragrance, Inc. (I)
900
Ultra Clean Holdings, Inc. (I)
400
$
43,317
4,136
Ultra Petroleum Corp. (I)
1,300
64,025
Ultratech, Inc. (I)
200
5,880
UMB Financial Corp.
700
26,149
Umpqua Holdings Corp.
2,100
24,024
Under Armour, Inc., Class A (I)(L)
600
40,830
Unifi, Inc. (I)
466
7,922
Unifirst Corp.
200
10,602
Union Drilling, Inc. (I)
900
9,225
Union First Market Bankshares Corp.
100
1,125
Union Pacific Corp.
5,300
521,149
Unisource Energy Corp.
500
18,065
Unisys Corp. (I)
500
15,610
Unit Corp. (I)
1,000
61,950
United Bankshares, Inc. (L)
900
23,868
United Community Banks, Inc. (I)
409
969
United Continental Holdings, Inc. (I)(L)
4,094
94,121
United Financial Bancorp, Inc.
500
8,255
United Fire & Casualty Company
500
10,105
United Natural Foods, Inc. (I)
700
31,374
United Online, Inc.
1,300
8,197
United Parcel Service, Inc., Class B
4,677
347,595
United Rentals, Inc. (I)(L)
800
26,624
United States Cellular Corp. (I)
700
36,043
United States Lime & Minerals, Inc. (I)
100
4,051
United States Steel Corp. (L)
1,800
97,092
United Stationers, Inc.
500
35,525
United Technologies Corp.
6,100
516,365
United Therapeutics Corp. (I)
800
53,616
UnitedHealth Group, Inc.
9,900
447,480
Unitil Corp.
200
4,712
Unitrin, Inc.
1,300
40,144
Universal American Financial Corp.
1,600
36,656
Universal Corp.
400
17,416
Universal Display Corp. (I)
200
11,008
Universal Electronics, Inc. (I)
100
2,956
Universal Forest Products, Inc.
300
10,995
Universal Health Services, Inc., Class B
1,400
69,174
Universal Insurance Holdings, Inc.
800
4,336
Universal Stainless & Alloy Products, Inc. (I)
100
3,373
Universal Technical Institute, Inc.
300
5,835
Universal Truckload Services, Inc. (I)
100
1,725
Univest Corp. of Pennsylvania
200
3,544
Unum Group
4,620
121,275
UQM Technologies, Inc. (I)
900
2,682
Uranium Energy Corp. (I)(L)
1,600
6,384
Urban Outfitters, Inc. (I)
1,500
44,745
URS Corp. (I)
1,300
59,865
US Airways Group, Inc. (I)
2,300
20,033
US Auto Parts Network, Inc. (I)
700
6,090
US Ecology, Inc.
100
1,743
US Gold Corp. (I)
1,400
12,362
US Physical Therapy, Inc.
300
6,702
USA Mobility, Inc.
500
7,245
USA Truck, Inc. (I)
200
2,600
USANA Health Sciences, Inc. (I)
200
6,902
USEC, Inc. (I)
2,500
11,000
USG Corp. (I)(L)
1,400
23,324
UTStarcom, Inc. (I)(L)
1,900
4,465
Vaalco Energy, Inc. (I)
600
4,656
Vail Resorts, Inc. (I)
700
34,132
Valassis Communications, Inc. (I)
700
20,398
Valero Energy Corp.
8,000
238,560
Valhi, Inc. (L)
1,500
39,720
136
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
United States (continued)
Valley National Bancorp
2,094
Valmont Industries, Inc.
400
$
29,232
41,748
Valspar Corp.
1,500
58,650
ValueClick, Inc. (I)
900
13,014
Vanda Pharmaceuticals, Inc. (I)
400
2,916
Varian Medical Systems, Inc. (I)
1,100
74,404
Equipment Associates, Inc. (I)
1,200
58,404
Vascular Solutions, Inc. (I)
400
4,364
VCA Antech, Inc. (I)(L)
1,400
35,252
Vector Group, Ltd.
1,113
19,244
Vectren Corp.
1,200
32,640
Veeco Instruments, Inc. (I)
600
30,504
Venoco, Inc. (I)
900
15,381
VeriFone Systems, Inc. (I)
1,300
71,435
VeriSign, Inc.
1,600
57,936
Verisk Analytics, Inc., Class A (I)
1,300
42,588
Verizon Communications, Inc.
26,100
1,005,894
Vertex Pharmaceuticals, Inc. (I)
1,600
76,688
VF Corp. (L)
1,500
147,795
Viacom, Inc.
200
10,658
Viacom, Inc., Class B
5,100
237,252
Viad Corp.
400
9,576
Viasat, Inc. (I)
400
15,936
Vical, Inc. (I)
900
2,664
Vicor Corp.
200
3,298
Viewpoint Financial Group
420
5,460
Virginia Commerce Bancorp, Inc. (I)
600
3,444
Varian Semiconductor
Virnetx Holding Corp.
500
9,955
Viropharma, Inc. (I)
1,000
19,900
Virtus Investment Partners, Inc. (I)
85
5,008
Virtusa Corp. (I)
600
11,238
Visa, Inc., Class A
4,100
301,842
Vishay Intertechnology, Inc. (I)
3,500
62,090
Vishay Precision Group, Inc. (I)
250
3,918
Vital Images, Inc. (I)
100
1,351
VMware, Inc., Class A (I)
800
65,232
Vocus, Inc. (I)
100
2,586
Volcom, Inc.
400
7,412
Volt Information Sciences, Inc. (I)
500
4,100
Volterra Semiconductor Corp. (I)
300
7,449
Vonage Holdings Corp. (I)
2,900
13,224
VSE Corp.
100
2,971
Vulcan Materials Company (L)
1,600
72,960
W&T Offshore, Inc.
1,000
22,790
W.R. Berkley Corp.
2,000
64,420
W.R. Grace & Company (I)
1,100
42,119
WABCO Holdings, Inc. (I)
1,000
61,640
Wabtec Corp.
600
40,698
Waddell & Reed Financial, Inc., Class A
1,200
48,732
Wal-Mart Stores, Inc.
25,259
1,314,731
Walgreen Company
8,320
333,965
Walter Energy, Inc.
700
94,801
Warner Music Group Corp. (I)
1,800
12,186
Warren Resources, Inc. (I)
900
4,581
Washington Banking Company
400
5,640
Washington Federal, Inc.
1,600
27,744
Washington Trust Bancorp, Inc.
400
9,496
Waste Connections, Inc.
1,650
47,504
Waste Management, Inc.
4,265
159,255
Waters Corp. (I)
800
69,520
Waterstone Financial, Inc. (I)
200
614
Watsco, Inc.
400
27,884
Watson Pharmaceuticals, Inc. (I)
1,700
95,217
Watts Water Technologies, Inc., Class A
600
22,914
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
United States (continued)
Wausau Paper Corp.
400
WD-40 Company
300
$
3,056
12,702
Weatherford International, Ltd. (I)
900
20,340
Web.com Group, Inc. (I)
700
10,213
WebMD Health Corp. (I)
800
42,736
Websense, Inc. (I)
564
12,955
Webster Financial Corp.
1,300
27,859
Weight Watchers International, Inc.
1,100
77,110
Weis Markets, Inc.
300
12,138
WellCare Health Plans, Inc. (I)
800
33,560
WellPoint, Inc.
4,700
328,013
Wells Fargo & Company
44,435
1,408,590
Wendy’s/Arby’s Group, Inc., Class A
6,304
31,709
Werner Enterprises, Inc.
900
23,823
WesBanco, Inc.
400
8,284
WESCO International, Inc. (I)
800
50,000
West Bancorp, Inc.
800
6,384
West Coast Bancorp (I)
1,205
4,181
West Marine, Inc. (I)
300
3,129
West Pharmaceutical Services, Inc.
500
22,385
Westamerica Bancorp. (L)
400
20,548
Westar Energy, Inc. (L)
1,600
42,272
Western Alliance Bancorp (I)
1,400
11,508
Western Digital Corp. (I)
3,400
126,786
Western Refining, Inc. (I)(L)
900
15,255
Westfield Financial, Inc.
400
3,624
Westlake Chemical Corp.
1,000
56,200
Westwood Holdings Group, Inc.
200
8,050
Westwood One, Inc. (I)
103
747
Weyerhaeuser Company (L)
5,864
144,254
WGL Holdings, Inc.
700
27,300
Whirlpool Corp.
1,300
110,968
White Mountains Insurance Group, Ltd.
100
36,420
Whiting Petroleum Corp. (I)
1,600
117,520
Whitney Holding Corp.
1,400
19,068
Whole Foods Market, Inc.
1,700
112,030
Willbros Group, Inc. (I)
600
6,552
Williams-Sonoma, Inc. (L)
1,500
60,750
Wilmington Trust Corp.
1,600
7,232
Wilshire Bancorp, Inc. (I)
700
3,430
Windstream Corp.
4,921
63,333
Winn-Dixie Stores, Inc. (I)
800
5,712
Winnebago Industries, Inc. (I)
400
5,348
Wintrust Financial Corp.
500
18,375
Wisconsin Energy Corp.
2,600
79,300
WMS Industries, Inc. (I)
700
24,745
Wolverine World Wide, Inc.
859
32,024
Woodward, Inc.
900
31,104
World Acceptance Corp. (I)
300
19,560
World Fuel Services Corp.
800
32,488
World Wrestling Entertainment, Inc., Class A
500
6,285
Worthington Industries, Inc.
1,400
29,288
Wright Express Corp. (I)
500
25,920
Wright Medical Group, Inc. (I)
600
10,206
WW Grainger, Inc.
700
96,376
Wyndham Worldwide Corp.
3,000
95,430
Wynn Resorts, Ltd.
1,100
139,975
X-Rite, Inc. (I)
1,300
6,175
Xcel Energy, Inc.
4,075
97,352
Xerox Corp.
20,396
217,217
Xilinx, Inc. (L)
2,900
95,120
Yahoo!, Inc. (I)
11,400
189,810
York Water Company
200
3,482
Young Innovations, Inc.
100
3,140
Yum! Brands, Inc.
3,300
169,554
137
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
United States (continued)
Zale Corp. (I)
300
Zebra Technologies Corp., Class A (I)
900
$
1,197
35,316
Zep, Inc.
400
6,964
Zimmer Holdings, Inc. (I)
1,800
108,954
Zions Bancorporation
2,044
47,135
Zix Corp. (I)
1,800
6,624
Zoll Medical Corp. (I)
300
13,443
Zoltek Companies, Inc. (I)
800
10,744
Zoran Corp. (I)
700
7,273
Zumiez, Inc. (I)
597
15,779
146,401,509
Virgin Islands - 0.01%
UTi Worldwide, Inc.
1,600
TOTAL COMMON STOCKS (Cost $184,444,579)
32,384
$
258,629,525
PREFERRED SECURITIES - 0.16%
Brazil - 0.14%
Banco do Estado do Rio Grande do Sul SA
500
6,156
Cia Energetica do Ceara
200
4,116
Cia Paranaense de Energia
500
13,613
Pao de Acucar (I)
4
164
Companhia de Bebidas das Americas, ADR
3,500
99,085
Companhia de Ferro Ligas Da Bahia
300
2,359
Eletrica Paulista
200
6,377
Companhia Energetica de Sao Paulo
1,400
26,668
Confab Industrial SA
3,491
9,408
Contax Participacoes SA
400
6,076
Sao Paulo SA
800
17,689
Fertilizantes Fosfatados SA
1,100
10,672
Forjas Taurus SA
500
1,280
Companhia Brasileira de Distribuicao Grupo
Companhia de Transmissao de Energia
Eletropaulo Metropolitana Eletricidade de
Gerdau SA
875
10,821
Itau Unibanco Holding SA
4,869
116,010
Klabin SA
6,500
26,276
Lojas Americanas SA
3,200
26,656
Marcopolo SA
2,500
10,474
Sao Paulo Alpargatas SA
1,700
11,662
Suzano Papel e Celulose SA
2,750
25,350
Tam SA
1,300
25,082
Tele Norte Leste Participacoes SA
700
12,048
Universo Online SA
500
4,805
Usinas Siderurgicas de Minas Gerais SA
3,400
41,129
Vivo Participacoes SA
203
8,032
522,008
Chile - 0.01%
Embotelladora Andina SA
2,591
10,415
Embotelladora Andina SA
1,981
9,659
20,074
Germany - 0.01%
Porsche Automobil Holding SE
589
TOTAL PREFERRED SECURITIES (Cost $380,422)
38,669
$
580,751
$
460,305
U.S. GOVERNMENT & AGENCY
OBLIGATIONS - 29.21%
U.S. Government - 9.75%
U.S. Treasury Bonds
6.875%, 08/15/2025
$
350,000
7.500%, 11/15/2024
2,400,000
3,308,626
8.875%, 08/15/2017
1,525,000
2,081,029
9.250%, 02/15/2016
3,100,000
4,122,033
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
U.S. GOVERNMENT & AGENCY
OBLIGATIONS (continued)
U.S. Government (continued)
U.S. Treasury Bonds (continued)
9.875%, 11/15/2015
$
370,000
$
498,430
10.625%, 08/15/2015 (L)
3,985,000
5,443,574
11.250%, 02/15/2015 (L)
5,800,000
7,877,125
2.000%, 11/30/2013
1,200,000
1,226,906
2.625%, 02/29/2016
1,750,000
1,783,086
2.750%, 02/15/2019
1,200,000
1,170,750
3.625%, 02/15/2020
750,000
769,277
4.250%, 08/15/2014 to 11/15/2014
6,700,000
7,321,143
U.S. Treasury Notes
36,062,284
U.S. Government Agency - 19.46%
Federal Farm Credit Bank
3.000%, 09/22/2014
500,000
522,009
3.400%, 06/04/2018
1,000,000
1,006,810
4.875%, 12/16/2015 to 01/17/2017
7,000,000
7,809,018
5.125%, 08/25/2016
3,000,000
3,404,892
5.220%, 05/15/2023
2,480,000
2,746,632
5.250%, 03/06/2023
1,135,000
1,247,866
2.875%, 06/12/2015
800,000
830,919
3.375%, 06/12/2020
500,000
482,474
3.625%, 10/18/2013 to 03/10/2017
1,700,000
1,787,727
4.125%, 03/13/2020
550,000
566,769
4.500%, 09/13/2019
1,850,000
1,979,844
4.750%, 09/11/2015 to 12/16/2016
7,050,000
7,796,957
4.875%, 05/17/2017
3,400,000
3,777,849
5.000%, 12/21/2015 to 11/17/2017
7,700,000
8,633,775
5.125%, 10/19/2016
450,000
506,497
5.250%, 06/18/2014
1,130,000
1,259,223
5.365%, 09/09/2024
800,000
888,939
5.375%, 05/18/2016 to 09/30/2022
7,950,000
9,014,477
5.500%, 08/13/2014
3,300,000
3,729,059
5.625%, 06/11/2021
905,000
1,033,603
2.500%, 04/23/2014
700,000
721,462
3.750%, 03/27/2019
600,000
617,631
4.875%, 11/15/2013
650,000
711,440
900,000
928,195
4.375%, 06/15/2015
3,400,000
3,710,349
4.500%, 04/01/2018
2,300,000
2,482,926
5.500%, 07/18/2017
1,250,000
1,430,068
6.250%, 12/15/2017
1,986,000
2,352,242
Federal Home Loan Bank
Federal Home Loan Mortgage Corp.
Federal National Mortgage Association
2.500%, 05/15/2014
Tennessee Valley Authority
71,979,652
TOTAL U.S. GOVERNMENT & AGENCY
OBLIGATIONS (Cost $105,599,441)
$
108,041,936
CORPORATE BONDS - 0.00%
India - 0.00%
Britannia Industries, Ltd.
8.250%, 03/22/2013
33,150
TOTAL CORPORATE BONDS (Cost $384)
305
$
305
$
134
$
134
CONVERTIBLE BONDS - 0.00%
Australia - 0.00%
West Australian Newspapers Holdings, Ltd.
zero coupon, 06/30/2011
$
TOTAL CONVERTIBLE BONDS (Cost $130)
138
25
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Disciplined Diversification Trust (continued)
Shares or
Principal
Amount
Value
WARRANTS - 0.00%
AFP Properties, Ltd. (Expiration Date:
11/18/2015, Strike Price: SGD 0.10) (I)
4,500
$
732
Promotora de Informaciones SA (Expiration
Date: 06/28/2014, Strike Price:
EUR 2.00) (I)
1
TOTAL WARRANTS (Cost $1,117)
1
$
733
RIGHTS - 0.00%
B2W Cia Global Do Varejo (Expiration Date:
04/26/2011, Strike Price: BRL 21.62) (I)
125
86
600
1,500
941
3,105
331
221
589
5,106
12,250
429
387
2
Celgene Corp. (Expiration Date: 12/31/2030,
Strike Price: $58.00) (I)
Cramo OYJ (Expiration Date: 04/15/2011,
Strike Price: EUR 10.50) (I)
Gildemeister AG, (Expiration Date:
04/11/2011, Strike Price: 13.66) (I)
Porsche Automobil Holding SE (Expiration
Date: 04/12/2011, Strike Price:
EUR 38.00) (I)
Robinsons Land Corp. (Expiration Date:
04/15/2011, Strike Price: PHP 10.00) (I)
Tele Norte Leste Participacoes SA (Expiration
Date: 04/25/11, Strike Price: BRL 38.55) (I)
TOTAL RIGHTS (Cost $8,494)
$
10,449
SECURITIES LENDING COLLATERAL - 5.04%
John Hancock Collateral
Investment Trust, 0.2867% (W)(Y)
1,863,765
18,650,508
TOTAL SECURITIES LENDING
COLLATERAL (Cost $18,651,067)
$
18,650,508
SHORT-TERM INVESTMENTS - 0.32%
Money Market Funds* - 0.32%
State Street Institutional Liquid Reserves
Fund, 0.1855%
$
1,166,994 $
1,166,994
$
1,166,994
$
387,081,335
TOTAL SHORT-TERM INVESTMENTS (Cost $1,166,994)
Total Investments (Disciplined Diversification Trust)
(Cost $310,252,628) - 104.66%
Other assets and liabilities, net - (4.66%)
(17,229,725)
TOTAL NET ASSETS - 100.00%
$
Emerging Markets Value Trust
Shares or
369,851,610
Principal
Amount
Value
COMMON STOCKS - 96.90%
Bermuda - 0.08%
Central European Media Enterprises, Ltd. (I)
43,540
$
918,842
Brazil - 10.51%
Banco ABC Brasil SA
96,300
731,400
Banco Alfa de Investimento SA
35,300
161,943
Banco Santander Brasil SA
17,919
217,313
Banco Santander Brasil SA, ADR
1,168,125
14,321,213
Bematech SA
92,950
415,034
BM&F Bovespa SA
2,931,500
21,277,233
BR Malls Participacoes SA
455,587
4,743,809
Biocombustiveis e Oleos Vegetais SA (I)
718,200
369,515
BRF - Brasil Foods SA (L)
303,002
5,784,308
Brookfield Incorporacoes SA
350,100
1,818,423
Brasil Ecodiesel Industria e Comercio de
Emerging Markets Value Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Brazil (continued)
Camargo Correa
Desenvolvimento Imobiliario SA
107,650
Cia Providencia Industria e Comercio SA
50,100
189,948
Cosan SA Industria e Comercio
152,800
2,377,190
CR2 Empreendimentos Imobiliarios SA
9,300
38,165
Even Construtora e Incorporadora SA
183,600
946,873
EZ Tec Empreendimentos e Participacoes SA
87,400
749,456
Fertilizantes Heringer SA (I)
21,600
132,300
Fibria Celulose SA, SADR (I)(L)
191,298
3,141,113
Gafisa SA
362,800
2,293,263
Gafisa SA, ADR
99,513
1,277,747
General Shopping Brasil SA (I)
37,300
250,852
Gerdau SA
191,900
1,857,116
Gerdau SA, SADR (L)
1,115,434
13,942,925
Grendene SA
193,100
1,135,430
Helbor Empreendimentos SA
38,600
459,375
Iguatemi Empresa de Shopping Centers SA
20,000
488,776
Industrias Romi SA
111,700
769,684
Inepar SA Industria E Construcoes (I)
13,400
44,895
Inpar SA (I)
539,950
1,025,232
JBS SA
747,302
2,682,259
JHSF Participacoes SA
151,100
384,078
Kroton Educacional SA (I)
43,900
565,740
Log-in Logistica Intermodal SA (I)
110,300
567,495
Magnesita Refratarios SA (I)
289,756
1,526,293
Mahle-metal Leve Sa Industria E Comercio
1,500
38,578
Marfrig Frigorificos e Comercio
$
425,945
de Alimentos SA
284,047
2,538,355
Metalfrio Solutions SA
26,400
181,104
Minerva SA
33,800
133,531
MPX Energia SA (I)
26,400
645,993
Paranapanema SA (I)
469,250
1,520,432
Perdigao SA
7,000
132,184
Petroleo Brasileiro SA
13,042
260,576
Petroleo Brasileiro SA, ADR
132,929
5,374,319
Petroleo Brasileiro SA, SADR
202,591
7,200,084
Porto Seguro SA
102,124
1,726,409
Positivo Informatica SA
22,100
107,749
Produtos Farmaceuticos SA
16,200
152,311
Rodobens Negocios Imobiliarios SA
61,100
467,798
Rossi Residencial SA
6,600
55,019
e Participacoes SA
27,805
383,188
Sao Martinho SA
82,800
1,297,799
SLC Agricola SA
16,500
231,838
Springs Global Participacoes SA
69,333
205,963
Sul America SA
168,300
2,102,912
Tecnisa SA
16,600
120,688
TPI - Triunfo Participacoes e Investimentos SA
23,810
130,961
TRISUL SA
51,446
139,277
Usinas Siderurgicas de Minas Gerais SA
319,300
5,476,005
Profarma Distribuidora de
Sao Carlos Empreendimentos
117,735,414
Cayman Islands - 0.02%
China Dongxiang Group Company
648,000
204,690
Cementos Bio-Bio SA
50,384
114,449
Cia General de Electricidad
41,011
231,822
Companhia Sudamericana de Vapores SA (I)
209,693
156,287
Cristalerias de Chile SA
66,213
831,735
Empresas CMPC SA
163,341
8,001,025
Empresas Copec SA
107,494
1,890,377
Empresas Iansa SA (I)
1,714,806
213,610
Empresas La Polar SA
179,323
956,590
Chile - 2.09%
139
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Emerging Markets Value Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Chile (continued)
Enersis SA, SADR
371,730
$
7,739,419
GASCO SA
130,347
845,966
Industrias Forestales SA
1,557,243
474,362
Inversiones Aguas Metropolitanas SA
119,379
181,699
Madeco SA
7,897,269
461,287
Masisa SA (I)
4,707,749
729,349
Paz Corp., SA (I)
73,479
78,932
Ripley Corp SA (I)
281,215
371,794
Socovesa SA
25,000
18,790
Vina San Pedro Tarapaca SA
19,029,176
155,851
23,453,344
China - 8.95%
Angang Steel Company, Ltd., Class H
1,318,000
1,795,406
Anhui Tianda Oil Pipe Company, Ltd.
60,000
19,456
Anton Oilfield Services Group
1,026,000
174,402
Asia Cement China Holdings Corp.
224,000
139,754
Bank of China, Ltd., Class H
43,843,694
24,368,522
Company, Ltd., Class H
6,166,888
6,782,138
Baoye Group Company, Ltd.
376,000
262,849
Company, Ltd., Class H
2,612,000
1,368,852
Beijing Capital Land, Ltd.
1,272,000
469,375
Beijing North Star Company (L)
866,000
213,792
BYD Electronic International Company, Ltd.
947,500
597,951
Catic Shenzhen Holdings, Ltd. (I)
122,000
46,879
China Aoyuan Property Group, Ltd.
1,387,000
247,569
China Citic Bank Corp, Ltd.
5,491,775
4,002,576
China Coal Energy Company, Series H
163,000
221,715
4,310,555
4,129,743
Services Corp., Ltd., Class H
2,176,000
1,327,003
China Huiyuan Juice Group, Ltd. (L)
1,032,500
702,035
China Minsheng Banking Corp. Ltd.
3,410,000
3,147,564
Holding Company, Ltd.
518,000
81,440
China Petroleum & Chemical Corp.
3,819,439
3,844,794
China Petroleum & Chemical Corp., ADR (L)
109,540
11,017,533
China Railway Construction Corp.
1,809,165
1,886,050
China Rare Earth Holdings, Ltd. (I)(L)
1,000,000
438,145
China Resources Microelectronics Ltd (I)
2,765,000
143,654
Lines Company, Ltd. (I)
4,448,150
1,776,381
China Shipping Development Company, Ltd.
920,000
1,041,276
China Unicom, Ltd.
4,504,000
7,489,965
Chongqing Iron & Steel Company, Ltd. (I)
654,000
161,051
Electric Company, Ltd.
54,000
18,218
Country Garden Holdings Company
4,281,000
1,880,776
DaChan Food Asia, Ltd.
612,000
115,588
First Tractor Company
354,000
426,237
Bank of Communications
Beijing Capital International Airport
China Communications
Construction Company, Ltd.
China Communications
China Nickel Resources
China Shipping Container
Chongqing Machinery &
Golden Meditech Holdings, Ltd. (I)
828,000
141,713
Great Wall Motor Company, Ltd.
102,750
189,686
Great Wall Technology Company, Ltd.
324,942
161,423
Greentown China Holdings, Ltd.
770,500
812,207
Guangshen Railway Company, Ltd., ADR (L)
35,688
670,934
Guangzhou Automobile Group Company, Ltd.
1,836,415
2,242,993
Airport Company, Ltd.
201,000
217,436
Hidili Industry International Development, Ltd.
1,278,000
1,135,409
Honghua Group, Ltd. (I)
1,182,000
161,337
Industrial & Commercial Bank of China, Ltd.
90,090
74,706
KWG Property Holding, Ltd.
1,023,013
828,150
Hainan Meilan International
Emerging Markets Value Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
China (continued)
Lingbao Gold Company, Ltd.
450,000
Maanshan Iron & Steel Company, Ltd.
1,866,000
$
370,423
1,007,801
NetDragon Websoft, Inc.
185,500
90,187
New World Department Store China
84,000
58,685
Powerlong Real Estate Holdings, Ltd.
55,000
17,783
Qingling Motors Company, Ltd.
1,054,000
336,484
Qunxing Paper Holdings Company, Ltd. (I)
634,371
178,825
140,377
533,433
Manufacturing International Corp. (I)
15,570,000
1,178,829
Shandong Chenming Paper Holdings, Ltd.
335,500
279,995
Pharmaceutical Company, Ltd.
92,000
34,153
Shanghai Forte Land Company (L)
1,444,595
640,587
Group Company, Ltd.
848,000
183,595
Shanghai Prime Machinery Company, Ltd.
962,000
201,572
Shimao Property Holdings, Ltd., GDR
1,805,000
2,551,904
Shui On Land, Ltd. (L)
3,015,745
1,393,569
Chainstore Company, Ltd.
641,000
378,592
Sinotrans Shipping, Ltd.
829,000
268,876
Sinotrans, Ltd., Class H
2,019,000
491,555
SPG Land Holdings, Ltd.
353,625
166,440
Group Company, Ltd.
102,000
33,386
Tiangong International Company, Ltd.
102,000
88,839
Tianneng Power International, Ltd.
291,720
142,232
Travelsky Technology, Ltd.
848,000
826,446
Uni-President China Holdings, Ltd.
241,000
123,160
Weiqiao Textile Company
603,000
600,329
645,000
58,972
Semiconductor Manufacturing
International Corp., SADR (I)
Semiconductor
Shandong Xinhua
Shanghai Jin Jiang International Hotels
Sichuan Xinhua Winshare
Sunny Optical Technology
Wuyi International
Pharmaceutical Company, Ltd.
Xiamen International Port Company, Ltd.
1,372,000
280,030
Industry Company, Ltd.
903,000
543,903
Zhejiang Glass Company, Ltd. (I)
162,000
51,650
Zhong An Real Estate, Ltd. (I)
801,600
180,131
Xinjiang Xinxin Mining
100,267,049
Czech Republic - 0.24%
Pegas Nonwovens SA
22,565
576,623
Unipetrol AS (I)
214,695
2,157,025
2,733,648
Hong Kong - 5.02%
AMVIG Holdings, Ltd.
494,000
380,636
Asian Citrus Holdings, Ltd.
73,000
80,612
Asian Union New Media Group, Ltd. (I)
4,400,000
15,272
Avic International Holding HK, Ltd. (I)
1,522,000
76,184
Beijing Development Hong Kong, Ltd. (I)
203,000
34,488
Beijing Enterprises Holdings, Ltd.
522,500
2,993,481
C C Land Holdings, Ltd.
190,000
64,811
Central China Real Estate, Ltd.
438,000
121,674
Centron Telecom International Holdings, Ltd.
262,900
64,011
Chaoda Modern Agriculture Holdings, Ltd.
3,056,474
1,906,626
China Aerospace International Holdings, Ltd.
1,971,200
235,387
China Agri-Industries Holdings, Ltd.
730,000
820,672
China Chengtong Development Group, Ltd. (I)
362,000
20,237
China Energine International Holdings, Ltd. (I)
429,853
37,072
China Everbright, Ltd.
998,000
2,233,686
Resources Group, Ltd. (I)
6,636,000
186,622
China Green Holdings, Ltd. (L)
200,627
154,340
China Grand Forestry
140
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Emerging Markets Value Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Hong Kong (continued)
China Haidian Holdings, Ltd.
1,124,000 $
158,867
International Company, Ltd.
147,103
620,576
China Mining Resources Group, Ltd. (I)
5,780,000
102,619
China Oil and Gas Group, Ltd. (I)
1,160,000
108,651
China Merchants Holdings
China Pharmaceutical Group, Ltd.
1,074,000
635,242
China Properties Group, Ltd. (I)
724,000
245,423
China Resources Land, Ltd.
1,142,000
2,136,900
China South City Holdings Ltd.
214,000
34,628
China Starch Holdings, Ltd.
1,020,000
61,135
Hong Kong, Ltd. (I)
4,134,000
864,418
China Unicom Hong Kong, Ltd. (L)
149,912
2,488,539
China Zenith Chemical Group, Ltd. (I)
1,150,000
23,369
Citic Pacific, Ltd.
1,524,000
4,223,080
CITIC Resources Holdings, Ltd. (I)
3,528,000
767,319
Coastal Greenland, Ltd. (I)
710,000
45,288
Cosco International Holdings, Ltd.
925,625
592,637
COSCO Pacific, Ltd.
1,546,000
2,922,550
International Group, Ltd. (L)
150,000
75,907
Fosun International
2,296,500
1,760,802
Franshion Properties China, Ltd.
2,946,000
845,503
Services Holdings, Ltd. (I)
380,000
0
Fushan International Energy Group, Ltd.
1,490,000
1,067,690
Group Company, Ltd. (I)
2,520,000
410,067
Global Sweeteners Holdings, Ltd.
42,000
8,740
Goldlion Holdings, Ltd.
261,000
111,385
Harbin Power Equipment Company, Ltd.
888,000
921,068
Heng Tai Consumables Group, Ltd.
1,466,500
177,098
HKC Holdings, Ltd. (I)
4,298,149
226,375
Hong Kong Energy Holdings, Ltd. (I)
50,628
5,017
Hopson Development Holdings, Ltd. (I)
850,000
962,354
Hua Han Bio-Pharmaceutical Holdings Ltd
355,200
111,264
Huscoke Resources Holdings, Ltd. (I)
200,000
10,258
Inspur International, Ltd.
1,620,000
100,901
Ju Teng International Holdings, Ltd.
778,000
241,398
Kai Yuan Holdings, Ltd. (I)
1,700,000
53,297
Kingboard Chemical Holdings, Ltd.
588,025
3,089,685
Kingway Brewery Holdings, Ltd. (I)
578,000
181,788
Lai Fung Holdings, Ltd.
4,485,000
198,910
MIN XIN Holdings, Ltd.
92,000
49,858
Minmetals Land, Ltd. (I)
654,000
121,936
Minmetals Resources, Ltd. (I)(L)
8,000
6,494
Nan Hai Corp., Ltd. (I)
27,150,000
167,744
Neo-China Land Group Holdings, Ltd. (I)
359,000
125,435
New World China Land, Ltd.
1,556,800
587,322
Nine Dragons Paper Holdings, Ltd.
365,000
437,076
Oriental Ginza Holdings, Ltd. (I)
134,000
17,971
Poly Hong Kong Investment, Ltd. (L)
1,436,453
1,355,854
Pou Sheng International Holdings, Ltd. (I)
394,000
62,257
Prosperity International Holdings HK, Ltd.
1,320,000
68,735
Qin Jia Yuan Media Services Company, Ltd.
501,064
82,327
REXLot Holdings, Ltd.
1,559,921
172,145
Samson Holding, Ltd.
241,548
48,544
Shanghai Industrial Holdings, Ltd.
620,000
2,378,725
Shanghai Zendai Property, Ltd.
2,530,000
91,194
Shenzhen International Holdings, Ltd.
10,320,000
888,541
China Travel International Investment
Coslight Technology
FU JI Food & Catering
Global Bio-Chem Technology
Shenzhen Investment, Ltd.
2,476,000
823,992
Enterprises Company, Ltd. (I)
3,828,000
520,583
Silver Grant International
1,072,000
420,295
Sim Technology Group, Ltd.
492,000
104,757
Shougang Concord International
Emerging Markets Value Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Hong Kong (continued)
Sino Prosper State Gold
Resources Holdings Ltd. (I)
520,000
$
29,287
Sino Union Petroleum &
Chemical International, Ltd. (I)
2,560,000
217,617
Sino-Ocean Land Holdings, Ltd.
4,137,624
2,576,722
Sinofert Holdings, Ltd. (I)
2,924,000
1,266,764
Sinolink Worldwide Holdings, Ltd.
2,292,000
275,115
Sinomedia Holding, Ltd.
92,139
33,462
Sinopec Kantons Holdings, Ltd.
424,000
244,605
Sinotruk Hong Kong, Ltd.
836,500
714,398
Skyworth Digital Holdings, Ltd.
1,054,000
596,116
Soho China, Ltd.
2,544,000
2,183,737
Solargiga Energy Holdings, Ltd. (I)
305,000
82,802
SRE Group, Ltd.
2,806,000
256,177
TAK Sing Alliance Holdings, Ltd.
182,675
22,543
TCC International Holdings, Ltd.
128,000
64,088
TCL Multimedia Technology Holdings, Ltd.
877,200
256,755
Tian An China Investment, Ltd.
741,000
461,235
Tomson Group, Ltd.
380,807
144,600
TPV Technology, Ltd.
295,684
177,663
Truly International Holdings, Ltd.
613,000
141,618
Wasion Group Holdings, Ltd.
278,000
149,595
Xiwang Sugar Holdings Company, Ltd.
483,717
121,460
Yip’s Chemical Holdings, Ltd.
96,000
105,662
Yuexiu Property Company, Ltd. (I)
7,105,250
1,577,970
56,248,335
Hungary - 0.06%
Danubius Hotel and Spa PLC (I)
6,805
134,197
Egis Gyogyszergyar
3,604
382,846
Fotex Holding SE Company, Ltd. (I)(L)
56,874
110,278
627,321
India - 9.20%
3i Infotech, Ltd.
18,242
18,058
Aarti Industries, Ltd.
51,087
56,093
Aban Offshore, Ltd.
15,263
210,593
ABG Shipyard, Ltd.
4,051
33,164
Aditya Birla Nuvo, Ltd.
55,261
1,015,745
Ador Welding, Ltd.
8,367
31,183
Aftek, Ltd. (I)
28,740
7,973
Alembic, Ltd.
73,121
118,641
Allahabad Bank
186,565
967,437
Alok Industries, Ltd.
568,576
282,399
Amtek Auto, Ltd.
146,074
487,308
Andhra Bank
198,888
672,614
Ansal Properties & Infrastructure, Ltd.
30,966
26,011
Apollo Tyres, Ltd.
226,563
354,441
Arvind, Ltd. (I)
104,084
162,324
Ashok Leyland, Ltd.
830,697
1,061,874
Avaya Global Connect, Ltd.
148
555
Bajaj Auto Finance, Ltd.
14,034
219,874
Bajaj Finserv, Ltd.
2,438
28,515
Bajaj Hindusthan, Ltd.
114,988
184,283
Bajaj Holdings and Investment, Ltd.
49,562
879,105
Balaji Telefilms, Ltd.
15,413
11,453
Balkrishna Industries, Ltd.
225
677
Ballarpur Industries, Ltd.
403,880
329,188
Balmer Lawrie & Company, Ltd.
5,100
62,862
Balrampur Chini Mills, Ltd. (I)
206,266
323,970
Bank of Baroda
57,700
1,310,132
Bank of India
111,971
1,189,429
Bank of Maharashtra
152,501
205,000
BEML, Ltd.
14,453
223,901
Birla Corp., Ltd.
41,435
311,049
141
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Emerging Markets Value Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
India (continued)
Bombay Burmah Trading Company, Ltd.
3,000
$
26,650
Bombay Rayon Fashions, Ltd.
43,264
249,748
Brigade Enterprises, Ltd.
1,477
2,985
Cairn India, Ltd. (I)
475,630
3,728,543
Canara Bank
60,675
851,353
Central Bank of India
11,460
36,152
Century Textile & Industries, Ltd.
34,929
277,768
Chambal Fertilizers & Chemicals, Ltd.
162,205
290,263
Cholamandalam DBS Finance, Ltd.
2,091
8,137
City Union Bank, Ltd.
162,675
163,549
Corporation Bank
2,490
35,217
Cranes Software International, Ltd. (I)
13,600
1,618
Dalmia Bharat Enterprises, Ltd. (I)
12,925
52,732
Dalmia Bharat Sugar & Industries, Ltd.
12,925
7,012
DCM Shriram Consolidated, Ltd.
39,804
35,762
& Petrochemicals Corp., Ltd.
28,839
102,708
Development Credit Bank, Ltd. (I)
121,079
124,880
DLF, Ltd.
196,954
1,198,342
Dredging Corp. of India, Ltd.
1,365
10,590
Edelweiss Capital, Ltd.
304,550
270,219
Eicher Motors, Ltd.
3,211
96,609
EID Parry India, Ltd.
80,296
390,036
Elder Pharmaceuticals, Ltd.
7,799
68,154
Electrosteel Castings, Ltd.
89,970
61,808
Escorts, Ltd.
20,272
64,960
Essel Propack, Ltd.
37,352
43,528
Eveready Industries India, Ltd.
12,000
13,520
Everest Kanto Cylinder, Ltd.
16,675
29,189
Federal Bank, Ltd.
163,534
1,536,693
Finolex Cables, Ltd.
54,200
56,973
Finolex Industries, Ltd.
46,584
91,499
Firstsource Solutions, Ltd. (I)
41,837
16,887
Future Capital Holdings, Ltd.
4,573
14,399
Gammon India, Ltd.
85,633
224,538
Gateway Distriparks, Ltd.
10,919
29,783
Geodesic, Ltd.
106,859
185,779
Gitanjali Gems, Ltd.
56,665
313,307
Godfrey Philips India, Ltd.
762
32,802
Graphite India, Ltd.
75,117
157,248
Grasim Industries, Ltd.
28,107
1,625,340
Great Eastern Shipping Company, Ltd.
80,820
476,073
Great Offshore, Ltd.
29,781
172,055
Gujarat Alkalies & Chemicals, Ltd.
24,028
68,094
Gujarat Ambuja Exports, Ltd.
77,000
53,066
Gujarat Flourochemicals, Ltd.
6,327
50,679
Fertilizers Company, Ltd.
66,143
141,864
Gujarat State Fertilisers & Chemicals, Ltd.
23,600
180,666
HBL Power Systems, Ltd.
5,099
2,216
HCL Infosystems, Ltd.
126,394
290,740
HEG, Ltd.
12,877
61,753
Heidelbergcement India, Ltd. (I)
4,823
4,788
Hexaware Technologies, Ltd.
304,970
448,583
Himatsingka Seide, Ltd.
28,000
21,430
Hindalco Industries, Ltd.
1,340,282
6,283,870
Hinduja TMT, Ltd.
5,620
32,890
Hotel Leela Venture, Ltd.
112,448
97,617
& Infrastructure, Ltd. (I)
105,024
421,908
ICICI Bank, Ltd.
10,431
260,628
ICICI Bank, Ltd., SADR
352,665
17,573,297
ICSA India, Ltd.
41,569
108,698
Idea Cellular, Ltd. (I)
392,651
597,556
IFCI, Ltd.
109,572
129,588
Deepak Fertilizers
Gujarat Narmada Valley
Housing Development
Emerging Markets Value Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
India (continued)
India Cements, Ltd.
258,302
India Glycols, Ltd.
11,700
$
555,320
32,804
India Infoline, Ltd.
213,160
357,865
Indiabulls Financial Services, Ltd.
240,661
834,805
Indiabulls Real Estate, Ltd. (I)
315,338
890,522
Indian Bank
70,234
366,552
Indian Hotels Company, Ltd.
151,812
288,826
Indian Overseas Bank
234,477
749,733
Industrial Development Bank of India, Ltd.
267,194
852,438
Infomedia 18, Ltd. (I)
11,000
4,479
ING Vysya Bank, Ltd.
16,192
117,080
Ingersoll-Rand India, Ltd.
17,465
173,162
Ispat Industries, Ltd. (I)
43,047
21,859
IVRCL Infrastructures & Projects, Ltd.
311,424
571,284
Jammu & Kashmir Bank, Ltd.
41,976
822,639
JB Chemicals & Pharmaceuticals, Ltd.
20,800
61,790
JBF Industries, Ltd.
33,505
123,119
Jindal Poly Films, Ltd.
1,258
11,743
Jindal Saw, Ltd.
164,858
751,181
Jindal Stainless, Ltd. (I)
44,529
82,680
JK Tyre & Industries, Ltd.
6,013
12,671
JM Financial, Ltd.
37,218
19,979
JSW Steel, Ltd.
122,212
2,515,527
Jubilant Life Sciences, Ltd.
2,669
10,171
Jubilant Organosys, Ltd.
53,395
209,252
Kalpataru Power Transmission, Ltd.
2,595
8,000
Karnataka Bank, Ltd.
180,381
436,321
Karur Vysya Bank, Ltd.
22,120
196,847
Karur Vysya Bank, Ltd.
8,848
63,864
Kesoram Industries, Ltd.
26,673
122,519
KS Oils, Ltd.
62,402
45,082
Lakshmi Vilas Bank, Ltd.
30,751
67,412
Lanxess ABS, Ltd.
4,800
40,293
Madhucon Projects, Ltd.
387
816
Madras Cements, Ltd.
36,000
82,659
Maharashtra Seamless, Ltd.
38,253
278,794
Mahindra Lifespace Developers, Ltd.
10,600
91,647
Manaksia, Ltd.
3,292
5,973
Mangalam Cement, Ltd.
14,461
35,923
Mastek, Ltd.
18,261
49,641
McLeod Russel India, Ltd.
69,732
397,171
Mercator Lines, Ltd.
163,169
141,042
Merck, Ltd.
4,754
62,672
Monnet Ispat & Energy, Ltd.
29,947
346,203
Moser Baer India, Ltd.
102,800
95,306
MRF, Ltd.
920
129,591
Mukand, Ltd.
22,832
23,305
Nagarjuna Construction Company, Ltd.
263,914
597,619
Nagarjuna Fertilizers & Chemicals, Ltd.
125,682
79,216
Nahar Spinning Mills, Ltd.
6,600
14,353
National Organic Chemical Industries, Ltd.
80,240
29,632
NIIT Technologies, Ltd.
19,088
78,643
NIIT, Ltd.
19,897
25,608
Noida Toll Bridge Company, Ltd.
62,165
36,971
Omaxe, Ltd. (I)
20,537
63,249
Orbit Corp., Ltd.
43,904
53,657
Orchid Chemicals & Pharmaceuticals, Ltd.
37,760
256,103
Orient Paper & Industries, Ltd.
58,165
72,061
Oriental Bank of Commerce
101,465
888,016
Panacea Biotec, Ltd.
19,983
81,183
Parsvnath Developers, Ltd. (I)
76,316
77,529
Patni Computer Systems, Ltd.
122,526
1,309,296
Patni Computer Systems, Ltd., ADR (L)
3,538
73,732
Peninsula Land, Ltd.
7,362
9,685
Piramal Healthcare, Ltd.
5,549
51,712
142
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Emerging Markets Value Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
India (continued)
Polaris Software Lab, Ltd.
26,963
Polyplex Corp., Ltd.
3,400
$
114,579
15,605
Provogue India, Ltd.
43,382
40,395
PSL, Ltd.
10,200
16,783
PTC India, Ltd.
233,522
441,655
Punj Lloyd, Ltd.
165,098
240,590
Raymond, Ltd. (I)
23,286
165,518
REI Six Ten Retail, Ltd.
7,735
7,639
Reliance Capital, Ltd.
71,378
936,165
Reliance Communications, Ltd.
685,263
1,657,190
Reliance Industries, Ltd.
8,200
192,780
Reliance Industries, Ltd., GDR
31,808
1,508,335
(London Exchange) (S)
243,166
11,520,600
Rolta India, Ltd.
133,332
414,674
RPG Itochu Finance, Ltd.
535
1,212
Ruchi Soya Industries, Ltd.
125,412
296,476
S Kumars Nationwide, Ltd. (I)
78,505
96,451
SEAMEC, Ltd.
10,845
24,202
Reliance Industries, Ltd., GDR
Shiv-Vani Oil & Gas
Exploration Services, Ltd.
6,058
39,726
Sicagen India, Ltd. (I)
6,851
2,972
Sical Logistics, Ltd. (I)
6,851
11,158
Sobha Developers, Ltd.
24,143
159,820
Sonata Software, Ltd.
29,000
27,723
South Indian Bank, Ltd.
1,171,770
602,915
SREI Infrastructure Finance, Ltd.
247,892
247,538
SRF, Ltd.
24,910
178,625
State Bank of India
6,555
405,412
State Bank of India, GDR
435
56,115
Steel Authority of India, Ltd.
43,953
167,217
Sterlite Industries India, Ltd., ADR
377,373
5,826,639
Sundaram Finance, Ltd.
650
7,144
Suzlon Energy, Ltd. (I)
610,254
607,979
Syndicate Bank, Ltd.
206,951
576,040
Tata Chemicals, Ltd.
96,921
741,501
Tata Communications, Ltd., ADR (I)(L)
3,071
33,443
Tata Investment Corp., Ltd.
6,673
76,289
Tata Steel, Ltd.
290,576
4,045,623
Tata Tea, Ltd.
467,750
1,032,590
Teledata Marine Solutions Pte, Ltd.
23,474
18,029
Teledata Technology Solutions (I)
23,474
369
Time Technoplast, Ltd.
4,194
5,248
Triveni Engineering & Industries, Ltd.
8,452
18,311
Tube Investments of India, Ltd.
6,744
20,646
UCO Bank
85,194
204,357
Union Bank of India, Ltd.
169,587
1,328,922
Unitech, Ltd.
94,881
85,855
Unity Infraprojects, Ltd.
5,529
7,901
Usha Martin, Ltd.
154,885
197,948
UTV Software Communications, Ltd. (I)
3,824
49,455
Vardhman Special Steels, Ltd.
1,620
763
Vardhman Textiles, Ltd.
8,101
46,923
Varun Shipping Company, Ltd.
66,246
40,293
Videocon Industries, Ltd.
105,664
454,542
Vijaya Bank
83,311
148,304
Walchandnagar Industrie
2,137
6,406
Zuari Industries, Ltd.
9,200
129,134
103,048,741
Indonesia - 2.17%
Adhi Karya Tbk PT
69,000
6,644
AKR Corporindo Tbk PT
1,096,500
184,850
Aneka Tambang Tbk PT
5,349,000
1,410,041
Astra Graphia Tbk PT
606,000
45,811
Emerging Markets Value Trust (continued)
Shares or
Principal
Amount
COMMON STOCKS (continued)
Indonesia (continued)
Value
Bakrie & Brothers Tbk PT (I)
108,774,489$
797,458
Bakrie Sumatera Plantations Tbk PT
17,546,000
724,157
Bakrie Telecom Tbk PT (I)
21,866,000
893,265
Bakrieland Development Tbk PT
42,983,500
692,360
Bank Bukopin Tbk PT
3,314,000
258,837
Bank Danamon Indonesia Tbk PT
1,818,000
1,365,782
Bank Mandiri Tbk PT
1,918,820
1,502,821
Bank Negara Indonesia Persero Tbk PT
6,478,881
2,954,269
Bank Pan Indonesia Tbk PT (I)
4,237,897
563,822
Bank Tabungan Negara Tbk Pt
976,500
187,955
Barito Pacific Tbk PT (I)
844,500
93,231
Berlian Laju Tanker Tbk PT (I)
9,494,166
403,631
Bhakti Investama Tbk PT (I)
14,522,000
289,713
Budi Acid Jaya Tbk PT
1,493,000
36,848
Central Proteinaprima Tbk PT (I)
16,930,000
103,048
Ciputra Development Tbk PT (I)
16,900,000
717,172
Ciputra Surya Tbk PT (I)
896,000
60,661
Darma Henwa Tbk PT (I)
11,027,500
76,088
Davomas Abadi Tbk PT (I)
2,465,000
22,622
Elnusa Tbk PT
2,000,000
67,697
Energi Mega Persada Tbk PT (I)
26,444,181
387,851
Gajah Tunggal Tbk PT
1,019,000
259,946
Global Mediacom Tbk PT
6,426,000
618,688
Gozco Plantations Tbk PT
3,219,500
140,338
Gudang Garam Tbk PT
575,076
2,771,701
Indah Kiat Pulp and Paper Corp. Tbk PT (I)
569,500
111,048
Indofood Sukses Makmur Tbk PT
173,000
107,130
International Nickel Indonesia Tbk PT
3,109,500
1,701,549
Japfa Comfeed Indonesia Tbk PT
103,554
41,001
Kawasan Industri Jababeka Tbk PT (I)
9,474,500
127,353
Lippo Karawaci Tbk PT
10,381,293
728,719
Matahari Putra Prima Tbk PT
2,800,500
460,021
Medco Energi Internasional Tbk PT
2,465,000
812,505
Media Nusantara Citra Tbk PT
259,000
28,047
Mitra Adiperkasa Tbk PT
837,000
263,871
Mitra International Resources Tbk PT (I)
1,747,000
38,263
Panin Financial Tbk PT (I)
16,690,500
324,268
Panin Insurance Tbk PT (I)
1,544,000
92,099
Indonesia Tbk PT
605,000
158,194
Polychem Indonesia Tbk PT (I)
1,954,500
43,855
Ramayana Lestari Sentosa Tbk PT
1,774,500
154,341
Sampoerna Agro PT
424,500
159,744
Samudera Indonesia Tbk PT (I)
58,500
24,858
Selamat Sempurna Tbk PT
56,500
7,472
Sentul City Tbk PT (I)
9,917,000
115,190
Sorini Agro Asia Corporindo Tbk PT
391,000
151,550
Summarecon Agung Tbk PT
3,695,000
492,707
Suryainti Permata Tbk PT (I)
1,446,000
14,780
Trias Sentosa Tbk PT
2,019,500
64,991
Trimegah Securities Tbk PT
1,540,500
16,982
Truba Alam Manunggal Engineering PT (I)
11,991,500
78,397
Tunas Ridean Tbk PT
3,358,000
223,798
Wijaya Karya PT
2,361,248
182,107
Perusahaan Perkebunan London Sumatra
24,362,147
Israel - 0.02%
Electra Real Estate, Ltd. (I)
1
6
Mivtach Shamir Holdings, Ltd.
7,750
251,413
251,419
Luxembourg - 0.00%
Brait SA
18,140
50,328
711,300
821,292
Malaysia - 4.15%
Affin Holdings BHD
143
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Emerging Markets Value Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Malaysia (continued)
Al Aqar KPJ
19,983
$
7,717
Alliance Financial Group BHD
1,285,500
1,344,349
AMDB BHD (I)
110,000
16,008
AMMB Holdings BHD
3,568,362
7,638,801
Ann Joo Resources BHD
252,200
241,277
Asas Dunia BHD (I)
24,000
6,910
Asia Pacific Land BHD (I)
282,100
38,188
Bandar Raya Developments BHD
639,900
462,783
Berjaya Corp. BHD (Kuala Lumpur Exchange)
1,930,300
725,185
Berjaya Media BHD (I)
48,200
8,296
BIMB Holdings BHD
142,900
75,844
Bolton BHD
177,100
68,531
Boustead Holdings BHD
552,160
1,068,716
Cahya Mata Sarawak BHD
241,600
201,913
Dijaya Corp. BHD
40,900
14,839
DNP Holdings BHD
124,000
71,686
DRB-Hicom BHD
1,194,900
908,048
Eastern & Oriental BHD
337,900
131,384
Eastern Pacific Industrial Corp. BHD
155,600
117,476
ECM Libra Financial Group BHD
526,534
154,810
EON Capital BHD (I)
454,300
1,050,029
Esso Malaysia BHD
92,100
126,086
Globetronics Technology BHD
190,440
68,554
Glomac BHD
231,300
136,566
Goldis BHD (I)
306,000
156,869
Hap Seng Consolidated BHD
504,200
1,075,706
Hap Seng Plantations Holdings BHD
617,500
612,021
Hong Leong Credit BHD
309,800
920,871
Hong Leong Industries BHD
37,500
49,677
Hunza Properties BHD
113,800
58,611
Hwang-DBS Malaysia BHD
105,200
85,079
IGB Corp. BHD
1,590,043
1,132,843
IJM Corp. BHD
2,070,980
4,377,529
IJM Land BHD
443,300
402,803
Insas BHD (I)
485,264
86,417
Integrated Logistics BHD
162,855
57,015
Jaks Resources BHD (I)
246,000
56,771
Jaya Tiasa Holdings BHD
63,945
130,357
K&N Kenanga Holdings BHD
323,600
85,328
Karambunai Corp. BHD (I)
1,978,300
150,594
Keck Seng BHD
222,300
304,725
Kian Joo Can Factory BHD
290,000
203,098
Kim Loong Resources BHD
29,400
21,657
Kinsteel BHD
561,400
162,859
KLCC Property Holdings BHD
796,400
877,576
KSL Holdings BHD
267,333
162,996
KUB Malaysia BHD
534,400
143,407
Kulim Malaysia BHD
989,600
1,087,024
Kumpulan Hartanah Selangor BHD (I)
410,800
53,640
Kwantas Corp. BHD
56,000
39,160
Land & General BHD (I)
163,200
24,733
Landmarks BHD
384,900
193,325
LBS Bina Group BHD (I)
210,000
40,537
Leader Universal Holdings BHD
540,100
149,884
Lion Corp. BHD (I)
549,100
60,624
Lion Industries Corp. BHD
736,100
436,871
MAA Holdings BHD (I)
133,400
36,259
Malaysia Airports Holdings
180,200
362,133
MBM Resources BHD
60,500
60,349
Mega First Corp. BHD
163,700
92,803
MISC BHD
17,400
45,180
MK Land Holdings BHD (I)
632,500
79,444
MMC Corp. BHD
1,118,700
1,021,773
MNRB Holdings BHD (I)
10,000
8,677
Muhibbah Engineering M BHD
495,300
264,236
Emerging Markets Value Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Malaysia (continued)
Mulpha International BHD (I)
2,622,700 $
458,126
Naim Holdings BHD
198,100
201,181
Nylex Malaysia BHD (I)
81,463
18,100
Oriental Holdings BHD
549,620
967,510
OSK Holdings BHD
881,950
523,416
OSK Property Holdings BHD
82,291
18,746
Panasonic Manufacturing Malaysia BHD
48,200
342,180
PBA Holdings BHD
32,000
10,117
PJ Development Holdings BHD
258,900
66,590
PPB Group BHD
729,200
4,095,471
Protasco BHD
172,400
61,425
Proton Holdings BHD
422,800
494,290
Ranhill BHD
372,100
90,992
RHB Capital BHD
739,900
2,094,262
Scientex, Inc. BHD
51,000
44,976
Scomi Group BHD (I)
1,708,300
183,522
Selangor Dredging BHD
326,900
88,504
Selangor Properties BHD
105,000
143,981
Shangri-La Hotels BHD
101,900
89,181
Malaya BHD
161,700
576,131
SHL Consolidated BHD
172,300
87,039
Sunway City BHD
438,900
650,305
Sunway Holdings, Inc. BHD
348,900
262,469
Suria Capital Holdings BHD
237,900
159,355
Symphony House BHD (I)
74,426
4,202
TA Ann Holdings BHD
383,160
844,612
TA Enterprise BHD
1,903,200
474,682
TA Global BHD
1,233,900
171,203
TDM BHD
160,500
152,056
Tebrau Teguh BHD (I)
316,000
83,800
Time.com BHD (I)
1,734,500
488,923
Tradewinds Corp. BHD (I)
398,400
130,359
Tradewinds Malaysia BHD
57,000
151,282
TSH Resources BHD
7,300
6,558
Unisem M BHD
601,680
378,770
United Malacca BHD
97,800
225,688
VS Industry BHD
166,770
107,909
WTK Holdings BHD
368,500
231,989
YNH Property BHD
662,715
411,351
YTL Corp. BHD
13,300
32,637
Zelan BHD (I)
227,600
39,487
Shell Refining Company Federation of
46,540,126
Mexico - 6.36%
Alfa SAB de CV
418,000
5,411,233
Alsea SAB de CV
374,150
401,062
Axtel SAB de CV (I)
982,700
575,850
Bolsa Mexicana de Valores SAB de CV
511,600
1,077,012
SAB de CV (I)
157,200
100,443
Cemex SAB de CV, SADR (I)(L)
1,263,420
11,282,341
Coca-Cola Femsa SAB de CV, SADR
32,500
2,502,175
Coca-Cola Femsa SAB de CV, Series L
66,900
515,708
Consorcio ARA SAB de CV
1,418,400
871,709
Corporacion GEO SAB de CV (I)
793,874
2,226,554
Desarrolladora Homex SAB de CV (I)
153,600
700,433
Desarrolladora Homex SAB de CV, ADR (I)
9,800
267,050
Embotelladoras Arca SAB de CV
597,621
3,466,312
Empresas ICA SAB de CV (I)
220,900
502,550
Empresas ICA SAB de CV, ADR (I)(L)
198,467
1,810,019
GMD Resorts SAB de CV (I)
68,200
22,935
Carso Infraestructura y Construccion
Gruma SAB de CV, Class B (I)
301,800
633,822
Gruma SAB de CV, SADR (I)
3,214
26,837
144
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Emerging Markets Value Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Mexico (continued)
Grupo Aeroportuario del Centro Norte
SAB de CV
281,000
$
533,913
Grupo Aeroportuario del Centro Norte SAB
de CV, ADR (L)
4,057
61,098
81,585
3,466,547
30,747
1,807,001
de CV, Class B
28,700
168,878
Grupo Carso SAB de CV
1,110,125
3,659,522
Grupo Cementos de Chihuahua SAB de CV (I)
35,500
131,023
Grupo Famsa SAB de CV (I)
357,718
604,194
Grupo Financiero Banorte SAB de CV
2,397,900
11,289,501
Grupo Financiero Inbursa SA
266,200
1,225,763
Grupo Industrial Maseca SAB de CV
53,900
57,324
Grupo Industrial Saltillo SAB de CV (I)
94,000
126,446
Grupo Kuo SAB de CV (I)
164,000
278,516
Grupo Mexicano de Desarrollo SAB de CV (I)
68,200
54,299
Grupo Simec SAB de CV (I)
219,500
599,755
Industrias CH SAB de CV (I)
265,600
1,093,711
Inmuebles Carso SAB de CV, Class B1 (I)
1,110,125
1,218,907
Maxcom Telecomunicaciones SAB de CV (I)
85,000
41,305
Minera Frisco SAB de CV, Class A1 (I)
1,110,125
4,864,430
Organizacion Soriana SAB de CV
1,587,300
5,604,849
Qualitas Compania de Seguros SA de CV
318,900
294,651
Sare Holding SAB de CV, Class B (I)
437,200
116,886
Urbi Desarrollos Urbanos SAB de CV (I)
662,000
1,538,894
Grupo Aeroportuario del Pacifico
SAB de CV (L)
Grupo Aeroportuario del Sureste SAB
de CV, ADR (L)
Grupo Aeroportuario del Sureste SAB
71,231,458
Philippines - 0.62%
Banco De Oro
8,240
9,859
Empire East Land Holdings, Inc. (I)
2,990,000
47,498
Filinvest Development Corp.
730,000
74,482
Filinvest Land, Inc.
18,335,500
485,361
First Philippine Holdings Corp.
427,000
564,433
Lopez Holdings Corp. (I)
3,257,000
408,349
Megaworld Corp.
19,138,800
931,926
Metropolitan Bank & Trust Company
1,184,721
1,751,546
Philippine National Bank (I)
348,600
449,399
Rizal Commercial Banking Corp.
602,800
376,545
Robinsons Land Corp.
2,085,400
553,222
Security Bank Corp.
183,427
360,362
Union Bank of Philippines
214,600
304,990
Universal Robina Corp.
320,500
249,551
Vista Land & Lifescapes, Inc.
5,803,000
372,741
6,940,264
Poland - 1.95%
Agora SA
77,712
716,576
Asseco Poland SA PDA
58,719
1,114,142
Bank BPH SA (I)
14,427
378,915
Bank Millennium SA (I)
803,286
1,649,688
Bioton SA (I)
4,546,178
272,819
Bomi SA (I)
17,357
43,087
Ciech SA (I)
49,420
467,127
Comarch SA (I)
1,802
60,712
Dom Maklerski IDM SA (I)
148,572
145,388
Echo Investment SA (I)
534,956
922,662
Emperia Holding SA
2,613
103,771
Enea SA
6,406
47,868
Energomontaz Poludnie Sa (I)
23,320
33,583
Fabryki Mebli Forte SA
23,417
91,602
Farmacol SA (I)
10,785
119,719
Firma Oponiarska Debica SA
7,768
169,682
Emerging Markets Value Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Poland (continued)
Gant Development SA (I)
4,513
Grupa Kety SA
17,839
$
22,399
804,531
Grupa Lotos SA (I)
99,148
1,540,568
Impexmetal SA (I)
98,393
171,098
Koelner Sakoelner Sa (I)
3,500
14,565
Kopex SA (I)
61,117
458,244
Kredyt Bank SA (I)
52,005
312,698
LC Corp. SA (I)
155,767
85,080
MCI Management SA (I)
32,259
97,766
Mostostal-Export SA (I)
22,710
10,007
Netia SA (I)
324,551
599,920
Orbis SA (I)
46,258
649,710
Pekaes SA (I)
6,380
19,690
Pfleiderer Grajewo SA (I)
1,724
11,868
Pol-Aqua SA (I)
4,096
25,231
Polnord SA
19,758
215,603
Polska Grupa Energetyczna SA
165,083
1,331,329
Polski Koncern Naftowy Orlen SA (I)
472,808
8,760,079
Sygnity SA (I)
6,918
53,865
Zaklady Azotowe Pulawy SA
5,389
215,646
7,481
93,590
Zaklady Azotowe w
Tarnowie-Moscicach SA (I)
21,830,828
Russia - 5.39%
Gazprom OAO, SADR
109,866
3,553,066
Gazprom OAO, SADR (London Exchange)
1,513,817
49,061,548
Lukoil OAO
107,569
7,713,546
Surgutneftegaz, SADR
2,174
23,663
60,351,823
South Africa - 8.47%
ABSA Group, Ltd.
383,490
7,735,199
Adcorp Holdings, Ltd.
20,914
85,779
Aeci, Ltd.
103,361
1,270,381
Afgri, Ltd.
361,807
366,072
Allied Electronics Corp., Ltd.
62,999
232,551
Argent Industrial, Ltd.
113,274
142,336
Aveng, Ltd.
442,348
2,333,465
Barloworld, Ltd.
265,047
2,923,865
Basil Read Holdings, Ltd.
26,929
45,516
Bell Equipment, Ltd. (I)
34,158
63,075
Caxton & CTP Publishers & Printers, Ltd.
185,300
379,314
Ceramic Industries, Ltd.
1,970
40,477
Cipla Medpro South Africa, Ltd.
411,123
418,369
DataTec, Ltd.
255,498
1,400,194
Drdgold, Ltd.
81,220
40,735
Eqstra Holdings, Ltd. (I)
194,239
186,153
Freeworld Coatings, Ltd.
94,081
159,847
Gold Fields, Ltd.
3,784
66,121
Gold Fields, Ltd.
863,100
15,069,726
Gold Reef Resorts, Ltd.
8,700
20,531
Grindrod, Ltd.
607,680
1,332,709
Group Five, Ltd.
61,171
247,186
Harmony Gold Mining Company, Ltd. (L)
491,846
7,313,750
Hudaco Industries, Ltd.
17,551
211,832
Hulamin, Ltd. (I)
106,030
109,622
Iliad Africa, Ltd.
122,270
128,544
Investec, Ltd.
318,380
2,485,009
JD Group, Ltd.
204,241
1,461,003
Kap International Holdings, Ltd.
189,283
65,782
Lewis Group, Ltd.
97,828
1,077,168
Liberty Holdings, Ltd.
151,704
1,594,479
Merafe Resources, Ltd.
2,241,497
489,243
Metair Investments, Ltd.
163,437
337,985
145
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Emerging Markets Value Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
South Africa (continued)
Metorex, Ltd. (I)
16,136
Mittal Steel South Africa, Ltd.
106,381
$
15,451
1,415,509
MMI Holdings, Ltd.
85,036
209,458
Mondi, Ltd.
181,251
1,776,065
Murray & Roberts Holdings, Ltd.
85,411
334,808
Mvelaphanda Group, Ltd. (I)
618,180
292,507
Mvelaserve, Ltd. (I)
154,755
269,569
Nedbank Group, Ltd.
282,400
5,908,532
Northam Platinum, Ltd. (L)
172,740
1,120,654
Nu-World Holdings, Ltd.
19,436
71,682
Omnia Holdings, Ltd. (I)
57,918
626,779
Peregrine Holdings, Ltd.
91,159
145,529
Petmin, Ltd.
101,536
45,203
PSG Group, Ltd.
61,269
351,484
Raubex Group, Ltd.
49,180
132,705
Sanlam, Ltd.
2,560,368
10,433,751
Sappi, Ltd. (I)
179,271
947,756
Sappi, Ltd., SADR (I)
156,861
832,932
Sentula Mining, Ltd. (I)
262,338
106,744
Simmer and Jack Mines, Ltd. (I)
1,178,019
132,359
Standard Bank Group, Ltd.
710,301
10,910,273
Stefanutti Stocks Holdings, Ltd.
41,189
63,056
Steinhoff International Holdings, Ltd. (I)
1,769,103
6,581,156
Super Group, Ltd. (I)
1,917,354
209,524
Telkom SA, Ltd.
271,496
1,485,674
Telkom SA, Ltd., SADR
3,000
65,160
Tiger Wheels, Ltd. (I)
32,678
0
Trans Hex Group, Ltd. (I)
44,790
16,903
Trencor, Ltd.
87,122
483,800
Value Group, Ltd.
178,661
92,485
Zeder Investments, Ltd.
46,808
16,883
94,928,409
South Korea - 14.18%
Aekyung Petrochemical Company, Ltd.
5,080
156,106
Artone Paper Manufacturing Company, Ltd. (I)
3,860
8,797
Asia Cement Company, Ltd.
3,240
137,426
Asia Paper Manufacturing Company, Ltd.
1,600
14,459
BNG Steel Company, Ltd. (I)
7,680
92,949
Bookook Securities Company, Ltd.
4,950
75,338
Boryung Pharmaceutical Company, Ltd.
3,676
77,746
BS Financial Group, Inc. (I)
185,010
2,681,671
BYC Company, Ltd.
240
34,424
Byucksan Corp. (I)
1,580
28,821
Construction Company, Ltd. (I)
7,600
10,105
Chin Hung International, Inc. (I)
156,356
32,566
Manufacturing Company, Ltd.
1,630
15,512
Chokwang Leather Company, Ltd.
2,200
25,765
Chong Kun Dang Pharm Corp.
5,060
115,687
Choongwae Pharma Corp.
6,159
81,673
Chosun Refractories Company, Ltd.
1,708
97,144
Chungho Comnet Company, Ltd. (I)
2,270
15,106
CJ CheilJedang Corp.
1,872
392,209
CJ Corp.
17,422
1,166,169
Cj E&m Corp. (I)
9,005
392,081
D.I. Corp
12,000
21,955
Dae Chang Industrial Company, Ltd.
43,270
70,671
Dae Dong Industrial Company, Ltd.
9,000
40,156
Dae Han Flour Mills Company, Ltd.
1,232
180,701
Dae Won Kang Up Company, Ltd.
23,117
103,778
Daeduck Electronics Company, Ltd.
41,630
388,614
Daeduck GDS Company, Ltd.
12,540
102,776
Daegu Bank
146,510
2,401,830
Byucksan Engineering &
Choil Aluminum
Emerging Markets Value Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
South Korea (continued)
Daehan Steel Company, Ltd.
9,250
$
85,062
Daehan Synthetic Fiber Company, Ltd.
486
36,717
Daekyo Company, Ltd.
44,550
242,863
Daelim Industrial Company, Ltd.
32,582
3,171,481
Daelim Trading Company, Ltd.
1,417
5,310
Daesang Corp.
18,550
132,974
Daesang Holdings Company, Ltd.
800
2,255
Daesung Group Holdings Company, Ltd.
525
33,276
Daesung Holdings Company, Ltd.
3,150
36,908
Daesung Industrial Company, Ltd.
1,495
49,131
Daewon Pharmaceutical Company, Ltd.
5,330
34,252
Construction Company, Ltd. (I)
129,880
1,432,164
Daewoong Company, Ltd.
620
9,608
Dahaam E-Tec Company, Ltd.
2,630
54,331
Daishin Securities Company, Ltd.
53,530
718,780
Daiyang Metal Company, Ltd. (I)
6,490
8,634
Daou Technology, Inc.
26,120
223,746
DCM Corp.
4,020
44,323
Digital Power Communications Company, Ltd.
13,000
20,976
Dong Ah Tire & Rubber Company, Ltd.
10,970
95,004
Dong Wha Pharmaceutical Company, Ltd.
16,190
69,594
Daewoo Engineering &
Dong-Il Corp.
673
33,241
Dongbang Transport Logistics Company, Ltd.
5,500
10,017
Dongbu Corp.
12,860
79,817
Dongbu HiTek Company, Ltd. (I)
26,970
397,435
Dongbu Securities Company, Ltd.
32,430
194,746
Dongbu Steel Company, Ltd.
23,705
212,519
Dongil Industries Company, Ltd.
1,340
94,514
Dongil Rubber Belt Company, Ltd.
8,421
46,394
Dongkuk Steel Mill Company, Ltd.
42,070
1,512,307
Dongwon F&B Company, Ltd.
1,080
46,317
Dongyang Engineering & Construction Corp.
1,044
9,788
Doosan Industrial Development Company, Ltd.
35,052
170,752
DPI Holdings Company, Ltd.
5,790
33,776
Securities Company, Ltd. (I)
457,300
263,206
F&F Company, Ltd.
4,900
36,165
Fursys, Inc.
4,452
112,218
Gaon Cable Company, Ltd.
2,934
53,798
Global & Yuasa Battery Company, Ltd.
4,350
162,499
Securities Company, Ltd. (I)
17,880
28,639
Gwangju Shinsegae Company, Ltd.
1,111
174,709
Hae In Corp.
1,756
13,249
Halla Engineering & Construction Corp.
14,352
273,950
Han Kuk Carbon Company, Ltd.
8,620
44,656
Hana Financial Group, Inc.
234,885
10,182,131
Handok Pharmaceuticals Company, Ltd.
1,000
11,623
Handsome Company, Ltd.
17,320
328,768
Hanil Cement Manufacturing Company, Ltd.
6,209
318,699
Hanil Construction Company, Ltd. (I)
1,456
4,746
38,143
1,137,040
Holdings Company, Ltd.
14,860
170,448
Hanjin Transportation Company, Ltd.
11,210
295,900
Manufacturing Company, Ltd.
1,408
7,196
Hankook Cosmetics Company, Ltd. (I)
4,992
14,210
Hankuk Glass Industries, Inc.
1,970
59,696
Hankuk Paper Manufacturing Company, Ltd.
3,920
90,490
Hanmi Pharm Company, Ltd. (I)
567
17,548
Hanshin Construction Company, Ltd.
3,090
22,803
Hansol Chemical Company, Ltd.
2,730
42,370
Eugene Investment &
Golden Bridge Investment &
Hanjin Heavy Industries &
Construction Company, Ltd. (I)
Hanjin Heavy Industries & Construction
Hankook Cosmetices
146
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Emerging Markets Value Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
South Korea (continued)
Hansol CSN Company, Ltd.
23,490
Hansol Paper Company, Inc.
40,470
$
36,116
317,171
Hanwha Securities Company, Ltd.
58,320
392,673
Hanwha Timeworld Company, Ltd.
2,650
48,149
Hanyang Securities Company, Ltd.
11,820
92,912
Heung-A Shipping Company, Ltd.
17,782
18,540
Hite Brewery Company, Ltd.
1,873
185,260
Hite Holdings Company, Ltd.
7,640
121,774
HMC Investment Securities Company, Ltd. (I)
17,256
322,478
HS R&A Company, Ltd.
2,470
51,031
Husteel Company, Ltd.
6,110
99,544
Hwacheon Machine Tool Company, Ltd.
940
32,278
HwaSung Industrial Company, Ltd. (I)
2,730
9,861
Hyosung Corp.
14,251
1,141,522
Hyundai Cement Company, Ltd. (I)
6,160
40,509
Hyundai Development Company
68,610
1,992,095
Hyundai DSF Company, Ltd.
2,300
22,841
Hyundai Mipo Dockyard Company, Ltd.
12,693
2,163,810
Industrial Company, Ltd.
15,500
20,133
Hyundai Securities Company, Ltd.
141,746
1,701,995
Il Dong Pharmaceutical Company, Ltd.
2,010
75,310
Iljin Electric Company, Ltd.
11,160
88,604
Iljin Holdings Company, Ltd.
24,771
83,117
Ilshin Spinning Company, Ltd.
508
43,383
Ilsung Pharmaceutical Company, Ltd.
1,895
139,165
Industrial Bank of Korea
208,787
3,589,591
Inzi Controls Company, Ltd.
6,050
27,436
IS Dongseo Company, Ltd.
9,640
168,310
ISU Chemical Company, Ltd.
7,460
125,631
Isupetasys Company, Ltd.
27,609
119,296
Jahwa Electronics Company, Ltd.
15,120
80,691
Jeil Mutual Savings Bank (I)
1,820
6,887
Jeil Pharmaceutical Company
13,980
148,758
Jeonbuk Bank, Ltd.
47,387
293,491
Bank Company, Ltd. (I)
36,500
102,972
Joongang Construction Company, Ltd. (I)
1,260
1,812
KB Financial Group, Inc.
22,348
1,169,504
KB Financial Group, Inc., ADR (L)
337,933
17,629,965
KCC Corp.
5,518
1,827,061
KCTC
1,530
23,720
Keangnam Enterprises, Ltd. (I)
8,628
95,879
Keyang Electric Machinery Company, Ltd.
13,000
28,410
KG Chemical Corp.
5,600
44,939
KIC, Ltd. (I)
6,540
21,481
KISCO Corp.
3,841
108,450
KISCO Holdings Company, Ltd.
778
30,471
Hyundai Pharmaceutical
Jinheung Mutual Savings
Kishin Corp.
2,629
12,192
KISWIRE, Ltd.
4,735
173,686
Kolon Corp.
1,959
52,340
Construction Company, Ltd. (I)
19,480
78,384
Korea Airport Service Company, Ltd.
2,720
111,569
Korea Cast Iron Pipe Industries Company, Ltd.
5,500
20,147
Korea Circuit Company, Ltd. (I)
5,300
42,035
Korea Development Corp. (I)
5,485
19,446
Korea Development Financing Corp.
1,395
24,540
Korea Electric Terminal Company, Ltd.
5,770
98,197
Korea Exchange Bank
325,730
2,875,505
Korea Express Company, Ltd. (I)
8,268
789,718
Korea Flange Company, Ltd.
4,810
69,430
Manufacturing Company, Ltd. (I)
3,243
5,394
Korea Investment Holdings Company, Ltd.
44,860
1,713,509
Kolon Engineering &
Korea Green Paper
Emerging Markets Value Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
South Korea (continued)
Korea Line Corp. (I)
10,622
Korea Mutual Savings Bank (I)
2,320
$
92,378
14,404
Industrial Company, Ltd.
1,283
137,715
KPX Chemcial Company, Ltd.
933
46,955
KTB Network Corp. (I)
55,710
205,342
Kukdo Chemical Company, Ltd.
2,470
127,531
Kumho Electric Company, Ltd.
2,015
64,745
Kumho Industrial Company, Ltd. (I)
5,973
69,011
Kumho Investment Bank
160,570
103,035
Kumkang Industrial Company, Ltd.
1,400
13,901
Kunsul Chemical Industrial Company, Ltd.
1,970
26,658
Kwang Dong Pharmaceutical Company, Ltd.
51,130
146,513
Industrial Company, Ltd.
6,260
93,465
Kyobo Securities Company, Ltd.
10,378
67,657
Kyung Nong Corp.
9,470
30,972
Kyung-in Synthetic Corp.
6,470
22,132
Kyungbang, Ltd.
1,042
102,530
Lee Ku Industrial Company, Ltd.
8,395
14,813
LG Display Company, Ltd., ADR (L)
443,654
6,978,677
LG Electronics, Inc.
116,453
11,127,302
LG Hausys, Ltd.
2,592
176,285
LG Uplus Corp.
242,570
1,368,803
Livart Furniture Company, Ltd.
1,200
8,729
Lotte Chilsung Beverage Company, Ltd.
825
807,833
Lotte Confectionery Company, Ltd.
833
1,138,267
Lotte Midopa Company, Ltd.
14,350
231,746
Lotte Samkang Company, Ltd.
924
229,115
Korean Petrochemical
Kyeryong Construction
Lotte Shopping Company, Ltd.
12,948
5,299,833
Manho Rope & Wire, Ltd.
1,350
19,999
Meritz Securities Company, Ltd. (I)
230,139
211,645
Mi Chang Oil Industrial Company, Ltd.
905
42,067
Moorim P&P Company, Ltd.
14,710
182,061
Moorim Paper Company, Ltd.
6,910
51,532
Motonic Corp.
6,055
46,559
Construction Company, Ltd. (I)
17,170
32,038
Namyang Dairy Products Company, Ltd.
559
382,298
Nexen Corp.
1,516
103,726
NH Investment & Securities Company, Ltd.
24,969
207,965
Nong Shim Company, Ltd.
1,676
371,109
Nong Shim Holdings Company, Ltd.
2,560
135,076
Ottogi Corp.
876
104,601
Pacific Corp.
3,745
674,267
Pang Rim Company, Ltd.
910
10,377
PaperCorea, Inc. (I)
7,094
47,962
Poonglim Industrial Company, Ltd. (I)
3,790
5,862
Poongsan Holdings Corp.
5,382
185,226
POSCO Coated & Color Steel Company, Ltd.
4,050
103,274
POSCO, ADR
31,245
3,570,991
Pumyang Construction Company, Ltd. (I)
1,411
4,404
Pusan City Gas Company, Ltd.
7,300
133,163
S&T Daewoo Company, Ltd.
4,680
132,120
S&T Dynamics Company, Ltd.
24,980
403,076
S&T Holdings Company, Ltd.
11,230
150,822
Saehan Media Company, Ltd. (I)
4,273
22,844
Saeron Automotive Corp.
5,550
24,021
Sam Lip General Foods Company, Ltd.
2,300
28,330
Sam Young Electronics Company, Ltd.
10,510
109,086
Sam Yung Trading Company, Ltd.
4,459
24,209
Sambu Construction Company, Ltd.
5,132
73,194
Samhwa Paint Industrial Company, Ltd.
5,090
17,596
Samick Musical Instruments Company, Ltd.
8,450
8,545
Samsung Corp.
79,429
5,189,719
Namkwang Engineering &
147
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Emerging Markets Value Trust (continued)
Shares or
Principal
Amount
COMMON STOCKS (continued)
South Korea (continued)
Value
Samsung SDI Company, Ltd.
30,919
Samwhan Corp.
6,280
$
4,726,800
51,952
Samyang Corp.
6,510
381,855
Samyang Genex Company, Ltd.
2,270
124,721
Samyang Tongsang Company, Ltd.
1,360
29,321
Savezone I&C Corp. (I)
16,880
34,955
SBS Media Holdings Company, Ltd. (I)
35,780
77,416
SeAH Holdings Corp.
1,122
131,771
SeAH Steel Corp.
2,835
195,463
Sebang Company, Ltd.
11,820
181,337
Sejong Industrial Company, Ltd.
1,240
15,724
Seowon Company, Ltd.
1,920
6,410
SGWICUS Corp. (I)
84,000
29,044
SH Chemical Company, Ltd. (I)
30,567
9,735
Shell-line Company, Ltd.
4,300
22,602
Shin Poong Pharmaceutical Company, Ltd.
1,926
73,879
6,016
27,485
Company, Ltd., SADR (L)
195,168
17,676,366
Shinhan Financial Group Company, Ltd.
35,863
1,629,765
Shinil Engineering Company, Ltd. (I)
3,180
11,763
700
8,498
Communication Company, Ltd.
1,038
58,249
Shinsung FA Company, Ltd.
1,950
8,274
Shinwon Corp.
27,180
34,962
Shinyoung Securities Company, Ltd.
5,296
177,413
Silla Company, Ltd.
5,476
73,318
Sindoh Company, Ltd.
3,959
187,001
SJM Company, Ltd.
2,999
9,818
SJM Holdings Company, Ltd.
2,800
15,341
SK Gas Company, Ltd.
2,870
104,177
SK Holdings Company, Ltd.
35,524
5,365,094
SK Networks Company, Ltd.
82,447
922,983
Solomon Mutual Savings Bank (I)
3,600
8,679
Industrial Company, Ltd. (I)
20,770
154,157
STX Pan Ocean Company, Ltd.
112,020
1,010,983
Suheung Capsule Company, Ltd.
2,800
20,344
Sung Bo Chemicals Company, Ltd.
950
19,010
Sungjee Construction Company, Ltd. (I)
1,400
1,123
Sungshin Cement Company, Ltd. (I)
15,480
51,748
Sunjin Company, Ltd. (I)
4,662
39,355
Sunjin Company, Ltd. (I)
793
18,427
Tae Kyung Industrial Company, Ltd.
10,000
41,190
Taegu Department Store Company, Ltd.
9,340
102,200
Taekwang Industrial Company, Ltd.
444
526,186
Taeyoung Engineering & Construction, Ltd.
55,620
260,920
Taihan Electric Wire Company, Ltd. (I)
87,691
405,636
Taihan Textile Company, Ltd. (I)
290
9,254
Tailim Packaging Industrial Company, Ltd.
30,000
39,200
Tec & Company (I)
35,280
4,980
Teemsteems Inc (I)
387
10,443
Shinhan Engineering &
Construction Company, Ltd. (I)
Shinhan Financial Group
Shinsegae Engineering &
Construction Company, Ltd.
Shinsegae Information &
Ssangyong Cement
Telcoware Company, Ltd.
3,800
26,708
Tong Yang Investment Bank
75,161
539,020
Tong Yang Major Corp. (I)
16,920
32,735
TS Corp.
2,616
103,939
Uangel Corp.
3,800
13,328
Unid Company, Ltd.
2,191
133,823
Union Steel Company, Ltd.
8,940
188,916
Wiscom Company, Ltd.
3,760
14,653
Woongjin Holdings Company, Ltd. (I)
39,346
319,057
Woori Finance Holdings Company, Ltd.
359,277
4,756,218
Emerging Markets Value Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
South Korea (continued)
Woori Finance Holdings Company, Ltd., ADR
100
$
3,948
Woori Financial Company, Ltd.
5,310
75,933
Woori Investment & Securities Company, Ltd.
95,320
1,742,360
YESCO Company, Ltd.
1,950
42,672
Yoosung Enterprise Company, Ltd.
6,386
15,289
Youlchon Chemical Company, Ltd.
19,470
153,295
Young Poong Corp.
675
523,899
Manufacturing Company, Ltd.
650
8,387
Youngone Corp.
18,824
178,222
Youngone Holdings Company, Ltd.
2,496
74,536
YuHwa Securities Company, Ltd.
3,410
46,953
Young Poong Paper
158,826,451
Taiwan - 12.78%
Acbel Polytech, Inc.
63,000
45,810
Accton Technology Corp.
664,000
428,434
Achem Technology Corp.
103,000
66,326
Action Electronics Company, Ltd. (I)
185,000
59,162
AGV Products Corp. (I)
521,505
224,205
Alpha Networks, Inc.
150,000
124,362
Altek Corp.
73,000
100,084
Ampoc Far-East Co., Ltd. (I)
86,993
56,233
APCB, Inc.
25,000
24,323
Apex Science & Engineering
6,240
2,407
Arima Optoelectronics Corp. (I)
63,750
27,878
Asia Cement Corp.
1,886,430
2,118,367
Asia Optical Company, Inc. (I)
79,000
154,576
Asia Polymer Corp.
274,800
474,078
Asustek Computer, Inc.
262,922
2,273,162
AU Optronics Corp. (I)(L)
904,460
7,941,159
Audix Corp.
81,200
89,394
Aurora Systems Corp.
127,000
137,241
Avision, Inc.
154,751
121,380
Bank of Kaohsiung, Ltd. (I)
464,760
196,045
BES Engineering Corp.
2,195,700
651,213
Biostar Microtech International Corp.
52,000
28,456
C Sun Manufacturing, Ltd.
85,607
75,625
Cameo Communications, Inc.
131,080
57,303
Capital Securities Corp.
440,078
196,879
Carnival Industrial Corp. (I)
205,000
69,247
Cathay Chemical Works, Inc.
93,000
42,390
Development Company, Ltd.
1,335,000
648,599
Central Reinsurance Company, Ltd.
293,422
167,725
Chain Qui Development Company, Ltd.
75,000
61,232
Champion Building Materials Company, Ltd.
59,132
47,266
Chang Hwa Commercial Bank, Ltd.
4,676,000
3,754,319
Charoen Pokphand Enterprise.
147,000
93,011
Cheng Loong Corp.
1,358,000
641,451
Chia Hsin Cement Corp.
674,686
385,260
Chien Kuo Construction Company, Ltd.
79,800
43,841
Chien Shing Stainless Steel Company, Ltd. (I)
199,000
48,328
Chimei Innolux Corp. (I)
4,927,073
5,054,829
Chin-Poon Industrial Company, Ltd.
571,571
466,679
China Development Financial Holdings Corp.
12,307,809
4,962,045
China General Plastics Corp.
495,000
221,971
China Manmade Fibers Corp. (I)
1,729,000
924,845
China Metal Products Company, Ltd.
177,223
180,689
China Motor Company, Ltd.
929,125
760,236
China Steel Structure Company, Ltd.
169,000
179,739
China Synthetic Rubber Corp.
122,965
116,913
China Wire & Cable Company, Ltd. (I)
128,000
49,228
Chun Yu Works & Company, Ltd. (I)
155,000
50,906
Chun Yuan Steel Industrial Company, Ltd.
616,525
324,746
Cathay Real Estate
148
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Emerging Markets Value Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Taiwan (continued)
Chung Hsin Electric &
Machinery Manufacturing Corp.
121,000
$
74,780
Chung Hung Steel Corp. (I)
85,217
51,518
Chung Hwa Pulp Corp. (I)
487,000
270,019
Chunghwa Picture Tubes, Ltd. (I)
4,649,429
578,949
CMC Magnetics Corp. (I)
4,348,000
1,053,300
Collins Company, Ltd.
130,200
60,221
Compal Electronics, Inc.
1,872,000
1,857,503
Compeq Manufactuing Company, Ltd. (I)
1,453,000
861,099
Continental Holdings Corp. (I)
821,000
343,533
Coxon Precise Industrial Company, Ltd.
29,000
52,683
D-Link Corp.
389,834
362,793
Da Cin Construction Company, Ltd.
28,000
18,051
Darfon Electronics Corp.
93,850
128,355
Delpha Construction Company, Ltd.
142,766
71,400
Dynamic Electronics Company, Ltd.
101,000
56,317
E.Sun Financial Holding Company, Ltd.
4,551,586
2,864,371
Eastern Media International Corp. (I)
1,273,049
293,867
Edom Technology Company, Ltd.
141,000
68,104
Elitegroup Computer Systems Company, Ltd.
968,793
336,213
Enlight Corp. (I)
49,130
6,750
Entie Commercial Bank (I)
17,000
8,497
Everest Textile Company, Ltd. (I)
230,000
61,089
& Transport Corp.
119,600
95,612
Evergreen Marine Corp. (I)
1,753,000
1,460,005
Everspring Industry Company, Ltd. (I)
182,000
55,733
Evertop Wire Cable Corp. (I)
147,414
36,125
Excel Cell Electronic Company, Ltd.
34,000
19,248
Far Eastern International Bank
1,689,024
767,090
Federal Corp.
499,605
322,083
First Copper Technology Company, Ltd.
356,000
171,708
First Financial Holding Company, Ltd.
3,801,571
3,259,190
First Insurance Company, Ltd.
193,475
116,841
Forhouse Corp.
35,099
33,267
Formosa Oilseed Processing (I)
82,692
40,786
Formosa Taffeta Company, Ltd.
1,399,000
1,404,830
Formosan Rubber Group, Inc.
235,000
223,487
Formosan Union Chemical (I)
370,468
222,280
Development Company, Ltd.
37,000
27,123
Froch Enterprise Company, Ltd. (I)
20,000
12,567
FSP Technology, Inc.
23,000
29,025
FU I Industrial Company, Ltd. (I)
202,000
62,704
Fullerton Technology Company, Ltd.
78,600
108,956
Fwusow Industry Company, Ltd.
162,463
81,702
G Shank Enterprise Company, Ltd.
26,000
19,191
Gamma Optical Company, Ltd.
26,400
16,800
Gemtek Technology Corp.
155,000
177,946
Getac Technology Corp.
460,000
245,664
Giantplus Technology Company, Ltd. (I)
170,000
113,177
Gigabyte Technology Company, Ltd.
854,000
823,864
Global Brands Manufacture, Ltd.
33,000
20,489
Gold Circuit Electronics, Ltd. (I)
666,204
283,383
Construction Company, Ltd.
1,628,430
716,524
Gordon Auto Body Parts Company, Ltd. (I)
120,184
37,339
Grand Pacific Petrochemical Corp.
783,000
481,371
Great Wall Enterprise Company, Ltd.
33,000
35,249
GTM Corp. (I)
159,000
108,181
Hannstar Board Corp.
98,998
59,294
HannStar Display Corp. (I)
4,719,000
838,579
Evergreen International Storage
Founding Construction &
Goldsun Development &
Hey Song Corp.
640,000
505,016
Ho Tung Chemical Corp. (I)
645,153
367,524
Hocheng Group Corp. (I)
424,500
168,685
Emerging Markets Value Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Taiwan (continued)
Hold-Key Electric Wire &
Cable Company, Ltd. (I)
28,000
$
19,768
Holystone Enterprise Company, Ltd.
117,000
144,071
Hong TAI Electric Industrial Company, Ltd.
351,000
169,581
Hsin Kuang Steel Company, Ltd.
312,085
344,412
Hsing TA Cement Company, Ltd.
435,000
153,120
Hua Eng Wire & Cable Company, Ltd.
923,000
349,737
Hua Nan Financial Holdings Company, Ltd.
1,065,840
796,527
Hung Ching Development Company, Ltd.
173,000
102,713
Hung Sheng Construction Company, Ltd.
827,200
459,582
Hwa Fong Rubber Company, Ltd. (I)
427,770
143,159
I-Chiun Precision Industry Company, Ltd.
54,000
60,426
Ichia Technologies, Inc.
478,180
297,843
Inotera Memories, Inc. (I)
1,454,000
742,189
Inventec Appliances Corp.
133,000
105,229
Inventec Company, Ltd.
2,438,830
1,243,086
Jui Li Enterprise Company, Ltd. (I)
66,950
19,764
K Laser Technology, Inc.
82,214
44,477
Kang Na Hsiung Enterprise Company, Ltd.
105,000
68,721
Kaulin Manufacturing Company, Ltd.
202,710
226,166
Kindom Construction Company, Ltd.
136,000
98,079
King Yuan Electronics Company, Ltd. (I)
1,771,796
976,495
King’s Town Bank (I)
1,281,000
720,166
Kinpo Electronics, Inc. (I)
1,828,269
577,578
Kwong Fong Industries Corp. (I)
671,300
272,568
KYE System Corp.
120,000
88,571
L&K Engineering Company, Ltd.
67,000
79,992
Lan Fa Textile Company, Ltd. (I)
174,874
105,322
Lead Data, Inc. (I)
289,753
41,050
Lealea Enterprise Company, Ltd.
891,111
478,994
LEE CHI Enterprises Company, Ltd.
118,000
58,400
Lelon Electronics Corp. (I)
73,000
52,921
Leofoo Development Company, Ltd. (I)
36,000
22,567
Li Peng Enterprise Company, Ltd. (I)
546,864
275,383
Lien Hwa Industrial Corp.
753,807
525,068
Lingsen Precision Industries, Ltd.
372,481
287,675
Lite-on It Corp.
62,309
62,030
Lite-On Semiconductor Corp. (I)
233,000
144,851
Lite-On Technology Corp.
2,143,599
2,640,023
Long Bon International Company, Ltd.
82,000
29,019
Long Chen Paper Company, Ltd.
750,771
302,360
Lucky Cement Corp.
390,000
98,503
Macronix International Company, Ltd.
162,372
107,733
Marketech International Corp.
57,000
43,532
Masterlink Securities Corp
689,000
294,958
Maxtek Technology Company, Ltd.
16,000
19,001
Mayer Steel Pipe Corp.
297,574
210,840
Mega Financial Holding Company, Ltd.
10,653,000
8,389,505
Meiloon Industrial Company, Ltd.
117,048
58,929
Mercuries & Associates, Ltd.
78,750
57,421
Mercuries Data Systems, Ltd. (I)
49,000
22,007
Micro-Star International Company, Ltd.
1,410,264
719,650
Microelectronics Technology (I)
162,000
81,562
Mitac International
1,913,956
822,440
Mobiletron Electronics Company, Ltd.
56,000
46,155
Mosel Vitelic, Inc. (I)
386,000
193,074
Mustek Systems, Inc. (I)
28,367
4,408
Nantex Industry Company, Ltd.
11,880
10,051
Nien Hsing Textile Company, Ltd.
617,377
486,810
Optimax Technology Corp. (I)
152,610
21,562
Orient Semiconductor Electronics, Ltd. (I)
367,000
84,649
Pacific Construction Company, Ltd. (I)
160,000
27,787
Paragon Technologies Company, Ltd.
40,000
72,263
Pegatron Corp. (I)
707,660
801,685
Plotech Company, Ltd.
30,000
22,502
149
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Emerging Markets Value Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Taiwan (continued)
Polaris Securities Company, Ltd.
1,356,000 $
917,928
Pou Chen Corp.
1,439,348
1,329,253
President Securities Corp.
516,840
312,097
Prodisc Technology, Inc. (I)
762,000
9,365
Promate Electronic Company, Ltd.
40,000
29,933
Qisda Corp. (I)
32,000
19,380
Quintain Steel Company, Ltd. (I)
325,500
129,914
Ralec Electronic Corp.
41,335
87,792
Rechi Precision Company, Ltd. (I)
36,000
22,194
Reward Wool Industry Corp. (I)
181,000
50,118
Rexon Industrial Corp., Ltd. (I)
80,000
21,610
Ritek Corp. (I)
4,226,029
1,265,986
Sampo Corp. (I)
902,338
301,504
Sanyang Industrial Company, Ltd. (I)
898,924
530,603
Sheng Yu Steel Company, Ltd.
169,000
121,774
Shihlin Electric & Engineering Corp.
32,000
39,514
Shin Zu Shing Company, Ltd.
13,000
34,352
Shinkong Synthetic Fibers Corp.
2,104,563
941,558
Shuttle, Inc. (I)
67,000
39,065
Sigurd Microelectronics Corp.
376,293
346,355
Silicon Integrated Systems Corp.
304,000
171,376
Sinbon Electronics Company, Ltd.
39,000
30,246
Sinon Corp.
368,650
169,278
SinoPac Holdings Company, Ltd.
8,186,000
3,690,109
Siward Crystal Technology Company, Ltd. (I)
64,213
38,836
Solelytex Industrial Corp. (I)
21,000
12,230
Solomon Technology Corp. (I)
90,394
39,818
Southeast Cement Company, Ltd.
295,000
142,328
Spirox Corp.
127,068
97,170
Springsoft, Inc.
102,000
115,552
Stark Technology, Inc.
57,000
50,505
Sunplus Technology Company, Ltd. (I)
249,000
156,280
Supreme Electronics Company, Ltd.
181,000
169,374
Sweeten Construction Company, Ltd.
34,650
22,159
Ta Chen Stainless Pipe Company, Ltd.
556,850
385,930
Ta Chong Bank Company, Ltd. (I)
2,544,000
947,907
Ta Ya Electric Wire & Cable Company, Ltd.
919,244
258,594
TA-I Technology Company, Ltd.
35,000
37,764
Tah Hsin Industrial Company, Ltd.
217,000
203,413
Taichung Commercial Bank (I)
1,928,190
820,094
Tainan Enterprises Company, Ltd.
194,250
269,950
Tainan Spinning Company, Ltd.
1,654,500
1,098,488
Taishin Financial Holdings Company, Ltd. (I)
6,798,087
3,851,033
Taisun Enterprise Company, Ltd.
68,840
40,346
Taita Chemical Company, Ltd. (I)
103,000
58,612
Taiwan Business Bank (I)
3,625,440
1,440,411
Taiwan Cement Corp.
2,417,983
2,917,671
Taiwan Cogeneration Corp.
335,920
231,345
Taiwan Cooperative Bank
4,911,313
3,855,011
Taiwan Fu Hsing Industrial Company, Ltd.
231,000
180,699
Taiwan Glass Industrial Corp.
803,471
1,014,970
Taiwan Kolin Company, Ltd.
327,000
0
Taiwan Land Development Corp. (I)
88,000
43,404
Taiwan Mask Corp.
407,150
167,492
Taiwan Paiho, Ltd.
378,360
435,685
Taiwan Pulp & Paper Corp. (I)
394,000
235,878
Taiwan Sogo Shin Kong
27,000
21,581
Taiwan Styrene Monomer Corp.
718,159
333,532
Taiwan Tea Corp.
546,000
313,049
Taiyen Biotech Company, Ltd.
320,000
259,087
Tatung Company, Ltd. (I)
5,377,000
1,234,242
Teapo Electronic Corp. (I)
108,163
31,521
Teco Electric & Machinery Company, Ltd.
2,874,000
2,011,649
Tex-Ray Industrial Company, Ltd. (I)
90,000
31,843
Ton Yi Industrial Corp.
664,000
361,042
Emerging Markets Value Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Taiwan (continued)
Tong Yang Industry Company, Ltd.
82,000
$
117,791
Topco Scientific Company, Ltd.
11,220
15,389
Topoint Technology Company, Ltd.
34,000
33,258
Tung Ho Steel Enterprise Corp.
24,000
27,837
Twinhead International Corp. (I)
224,000
31,930
TYC Brother Industrial Company, Ltd.
163,900
96,187
Tycoons Group Enterprise Company, Ltd. (I)
367,768
109,917
TZE Shin International Company, Ltd.
51,183
22,195
U-Tech Media Corp. (I)
180,000
55,229
Union Bank of Taiwan (I)
714,781
252,626
Unitech Electronics Company, Ltd.
158,039
88,965
Unitech Printed Circuit Board Corp. (I)
609,550
348,906
United Microelectronics Corp.
16,156,794
8,397,341
Universal Cement Corp.
821,108
523,765
Universal Microelectronics Company, Ltd. (I)
60,000
34,127
Unizyx Holding Corp. (I)
377,000
345,046
UPC Technology Corp.
892,870
661,382
Ve Wong Corp.
93,993
72,041
Walsin Lihwa Corp. (I)
4,214,000
2,215,036
Walsin Technology Corp. (I)
826,064
510,109
Walton Advanced Engineering, Inc.
229,584
113,280
Waterland Financial Holding Company
2,721,082
1,483,206
WEI Chih Steel Industrial Company, Ltd. (I)
100,000
31,625
Weikeng Industrial Company, Ltd.
90,000
83,421
Wellypower Optronics Corp.
45,000
55,461
Winbond Electronics Corp. (I)
4,720,000
1,501,896
WT Microelectronics Company, Ltd.
101,000
154,266
WUS Printed Circuit Company, Ltd. (I)
520,000
337,913
Yageo Corp.
3,548,000
1,736,829
Yeun Chyang Industrial Company, Ltd.
133,000
109,743
Yi Jinn Industrial Company, Ltd. (I)
258,849
104,968
Yieh Phui Enterprise Company, Ltd.
1,657,669
636,460
Manufacturing Company, Ltd.
1,653,401
714,238
Yulon Motor Company, Ltd.
1,281,827
2,368,253
Manufacturing Company, Ltd.
63,787
99,864
Yungtay Engineering Company, Ltd.
529,000
833,147
Zenitron Corp.
135,000
94,380
Zig Sheng Industrial Company, Ltd.
234,732
158,431
Yuen Foong Yu Paper
Yung Chi Paint & Varnish
143,168,614
Thailand - 2.03%
Aapico Hitech PCL
120,600
55,027
Asia Plus Securities PCL
976,600
93,640
Bangchak Petroleum PCL
805,100
511,090
Bangkok Aviation Fuel Services PCL
139,371
50,228
Bangkok Bank PCL
1,038,900
5,909,091
Bangkok Bank PCL (Foreign REG)
145,000
830,946
Bangkok Expressway PCL
565,700
353,504
Bangkok Insurance PCL
3,250
26,327
Bangkokland PCL (I)
9,510,100
223,249
Bank of Ayudhya PCL
2,762,100
2,275,319
Cal-Comp Electronics Thailand PCL
1,880,300
196,454
Capital Nomura Securities PCL
25,000
23,558
Central Plaza Hotel PCL
791,000
135,996
Management PCL
295,200
57,586
Esso Thailand PCL
1,090,000
392,825
G J Steel PCL (I)
23,487,100
194,140
G Steel PCL (I)
3,947,700
96,588
Golden Land Property PCL (I)
37,000
3,496
Hana Microelectronics PCL
243,200
192,984
IRPC PCL
9,283,000
1,764,829
Italian-Thai Development PCL
3,079,100
427,582
Eastern Water Resources Development &
150
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Emerging Markets Value Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Thailand (continued)
KGI Securities Thailand PCL
566,200
Kiatnakin Finance PCL
356,200
$
47,176
415,145
Krung Thai Bank PCL
4,967,600
3,022,114
Krungthai Card PCL
134,500
77,378
Loxley PCL
604,500
52,365
MBK PCL
46,300
148,108
Padaeng Industry PCL
166,300
121,515
Pranda Jewelry PCL
214,300
44,993
Precious Shipping PCL
577,100
345,363
Regional Container Lines PCL (I)
582,300
196,378
Saha-Union PCL
204,000
254,621
Sahaviriya Steel Industries PCL (I)
8,662,200
369,457
Sansiri PCL
965,300
181,921
SC Asset Corp. PCL
168,200
116,786
Serm Suk PCL
86,700
138,313
Somboon Advance Technology Pcl
25,000
18,763
Tata Steel Thailand PCL (I)
5,227,800
271,372
Thai Airways International PCL
885,300
1,104,979
Thai Carbon Black PCL
44,000
40,007
Thaicom PCL (I)
758,200
169,213
Thanachart Captial PCL
811,900
872,433
Thoresen Thai Agencies PCL
437,660
272,045
TPI Polene PCL
1,302,600
516,819
Vanachai Group PCL
940,600
161,717
22,773,440
Turkey - 2.61%
Adana Cimento Sanayi AS
500
269
Akcansa Cimento AS
73,160
346,467
Aksa Akrilik Kimya Sanayi AS
170,085
400,333
Alarko Holding AS
100,330
229,137
Anadolu Cam Sanayi AS (I)
171,177
389,200
Anadolu Isuzu Otomotiv Sanayi AS (I)
6,122
33,635
Anadolu Sigorta AS
360,610
277,967
Arcelik AS
355,196
1,643,431
Aygaz AS
144,675
919,208
Bati Cimento AS
7,926
39,861
BatiSoke AS (I)
23,755
25,514
Bolu Cimento Sanayii AS
117,979
128,316
Borusan Mannesmann Boru Sanayi AS
14,559
159,873
Cemtas Celik Makina AS (I)
98,165
65,506
Cimsa Cimento Sanayi ve Ticaret AS
81,470
535,121
Dogan Sirketler Grubu Holdings AS (I)
1,464,692
1,135,743
Eczacibasi Ilac Sanayi AS
268,690
410,689
Eregli Demir ve Celik Fabrikalari AS (I)
535,542
1,433,357
Eregli Demir ve Celik Fabrikalari TAS (I)
184,092
462,600
Gentas Genel Metal Sanayi ve Ticaret AS
43,807
64,147
Global Yatirim Holding AS (I)
380,889
308,507
Goldas Kuyumculuk Sanayi AS (I)
54,846
35,896
Goodyear Lastikleri Turk AS (I)
10,244
277,767
GSD Holding AS (I)
418,949
265,558
Gunes Sigorta AS (I)
87,172
116,892
Hektas Ticaret TAS
67,687
74,456
Hurriyet Gazetecilik AS
291,507
380,935
Ihlas Holding AS (I)
428,667
605,351
Ticaret AS (I)
371,286
293,102
KOC Holdings AS
745,693
3,462,251
Sanayi ve Ticaret Anonim Sirketi AS
305,538
821,870
Marmaris Marti Otel Isletmeleri AS (I)
100,968
76,496
Menderes Tekstil Sanayi ve Ticaret AS (I)
126,375
74,519
Net Turizm Ticaret ve Sanayi AS (I)
196,638
149,000
Parsan Makina Parcalari Sanayi AS (I)
48,236
67,818
Petkim Petrokimya Holding AS (I)
763,404
1,160,784
Kardemir Karabuk Demir Celik Sanayi ve
Kordsa Global Endustriyel Iplik ve Kord Bezi
Emerging Markets Value Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Turkey (continued)
Pinar Entegre Et ve Un Sanayi AS
36,324
Pinar Sut Mamulleri Sanayii AS
25,633
$
159,532
227,642
Sanko Pazarlama Ithalat Ihracat AS (I)
20,076
60,278
Sarkuysan Elektrolitik Bakir AS
84,128
230,831
Sekerbank AS
354,271
396,923
Tekfen Holding AS
210,781
826,053
Tekstil Bankasi AS (I)
84,007
52,787
Trakya Cam Sanayi AS (I)
365,331
853,454
Turcas Petrolculuk AS
113,258
297,393
Turk Ekonomi Bankasi AS
377,624
525,989
Turk Hava Yollari AS (I)
523,820
1,457,940
Turk Sise ve Cam Fabrikalari AS (I)
582,337
1,312,991
Turkiye Is Bankasi AS
522,375
1,671,783
Turkiye Sinai Kalkinma Bankasi AS
637,597
1,115,294
Turkiye Vakiflar Bankasi Tao
1,023,771
2,560,390
Ulker Gida Sanayi ve Ticaret AS
110,020
400,677
Uzel Makina Sanayi AS (I)
22,930
0
Vestel Elektronik Sanayi ve Tracaret AS (I)
118,623
203,674
29,225,207
TOTAL COMMON STOCKS (Cost $795,695,260)
$
1,085,717,898
PREFERRED SECURITIES - 2.67%
Brazil - 2.65%
Banco Daycoval SA
91,000
679,999
Banco do Estado do Rio Grande do Sul SA
199,900
2,461,023
Banco Industrial e Comercial SA
155,800
1,211,932
Banco Panamericano SA
138,100
491,447
Banco Pine SA
43,000
355,557
Banco Sofisa SA
83,500
249,071
Bardella SA Industrias Mecanicas
916
86,121
Companhia de Ferro Ligas Da Bahia
109,624
862,140
Companhia de Tecidos Norte de Minas SA
92,100
265,133
Confab Industrial SA
399,517
1,076,700
Eucatex SA Industria E Comercio
19,400
106,467
Forjas Taurus SA
27,570
70,586
Inepar SA Industria E Construcoes (I)
99,748
326,251
Klabin SA
542,800
2,194,273
Metalurgica Gerdau SA
332,600
4,962,568
Parana Banco SA
21,400
156,897
Petroleo Brasileiro SA
46,169
806,222
Sao Paulo Alpargatas SA
2,100
14,406
Suzano Papel e Celulose SA
256,200
2,361,688
Telemar Norte Leste SA
55,400
1,881,561
Uniao de Industrias Petroquimicas SA (I)
731,700
201,675
Universo Online SA
68,800
661,178
Usinas Siderurgicas de Minas Gerais SA
681,000
8,237,987
29,720,882
India - 0.01%
Trent, Ltd., Series A (I)
926
18,688
Trent, Ltd., Series B (I)
926
17,340
36,028
Malaysia - 0.01%
TA Global BHD
TOTAL PREFERRED SECURITIES (Cost $21,054,301)
1,233,900
140,552
$
29,897,462
RIGHTS - 0.00%
Central Bank of India (Expiration Date:
04/07/2011, Strike Price: INR 103.00) (I)
6,876
6,060
654
4,382
Daesung Industrial Company, Ltd. (Expiration
Date: 04/27/2011, Strike Price:
KRW 26,000.00) (I)
151
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Emerging Markets Value Trust (continued)
Shares or
Principal
Amount
Value
RIGHTS (continued)
Robinsons Land Corp. (Expiration Date:
04/15/2011, Strike Price: PHP 10.00) (I)
1,042,700 $
36,519
$
46,961
TOTAL RIGHTS (Cost $5,638)
WARRANTS - 0.00%
Xiwang Sugar Holdings Company, Ltd.
(Expiration Date: 02/22/2012, Strike Price:
HKD 2.55) (I)
80,619
TOTAL WARRANTS (Cost $0)
1,659
$
1,659
SECURITIES LENDING COLLATERAL - 6.26%
John Hancock Collateral
Investment Trust, 0.2867% (W)(Y)
7,006,582
70,114,170
TOTAL SECURITIES LENDING
COLLATERAL (Cost $70,116,290)
$
70,114,170
SHORT-TERM INVESTMENTS - 0.21%
Money Market Funds* - 0.21%
State Street Institutional Liquid Reserves
Fund, 0.1855%
TOTAL SHORT-TERM INVESTMENTS (Cost $2,295,513)
$
2,295,513 $
2,295,513
$
2,295,513
$
1,188,073,663
Total Investments (Emerging Markets Value Trust)
(Cost $889,167,002) - 106.04%
Other assets and liabilities, net - (6.04%)
TOTAL NET ASSETS - 100.00%
(67,641,129)
$
1,120,432,534
Equity-Income Trust
Shares or
Principal
Amount
Value
COMMON STOCKS - 95.39%
Consumer Discretionary - 14.07%
Automobiles - 0.83%
General Motors Company (I)
178,700
Harley-Davidson, Inc. (L)
266,700
$
5,545,061
11,332,083
16,877,144
Distributors - 0.49%
Genuine Parts Company
187,900
10,078,956
303,500
5,080,590
Marriott International, Inc., Class A (L)
289,487
10,299,947
MGM Resorts International (I)(L)
274,400
3,608,360
Diversified Consumer Services - 0.25%
H&R Block, Inc. (L)
Hotels, Restaurants & Leisure - 0.68%
13,908,307
Household Durables - 2.41%
D.R. Horton, Inc. (L)
240,900
2,806,485
Fortune Brands, Inc.
420,700
26,037,123
Whirlpool Corp. (L)
240,300
20,512,008
49,355,616
Internet & Catalog Retail - 0.21%
Expedia, Inc. (L)
186,300
4,221,558
654,075
16,306,090
Cablevision Systems Corp., Class A
432,300
14,961,903
Comcast Corp., Class A
450,400
11,133,888
Leisure Equipment & Products - 0.80%
Mattel, Inc.
Media - 5.67%
Equity-Income Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Media (continued)
Madison Square Garden, Inc., Class A (I)
121,300
The McGraw-Hill Companies, Inc.
517,200
$
3,273,887
20,377,680
The New York Times Company, Class A (I)(L)
661,800
6,267,246
The Walt Disney Company
576,600
24,845,694
Time Warner, Inc.
801,000
28,595,700
WPP PLC
516,977
6,374,719
115,830,717
Multiline Retail - 0.39%
Macy’s, Inc.
333,000
8,078,580
Specialty Retail - 2.34%
Bed Bath & Beyond, Inc. (I)
300,959
14,527,291
Home Depot, Inc.
813,400
30,144,604
Staples, Inc.
86,300
1,675,946
Tiffany & Company (L)
23,200
1,425,408
47,773,249
287,510,807
Consumer Staples - 6.85%
Beverages - 0.89%
PepsiCo, Inc.
283,400
18,253,794
Archer-Daniels-Midland Company
174,100
6,269,341
Campbell Soup Company (L)
321,900
10,658,109
ConAgra Foods, Inc.
483,700
11,487,875
McCormick & Company, Inc., Class B
180,300
8,623,749
The Hershey Company
465,400
25,294,490
Food Products - 3.05%
62,333,564
Household Products - 2.06%
Clorox Company (L)
311,500
21,826,805
Kimberly-Clark Corp.
309,100
20,174,957
42,001,762
Personal Products - 0.85%
Avon Products, Inc.
639,400
17,289,376
139,878,496
Energy - 13.80%
Energy Equipment & Services - 1.76%
Baker Hughes, Inc.
126,800
9,310,924
Schlumberger, Ltd.
285,200
26,597,752
35,908,676
Oil, Gas & Consumable Fuels - 12.04%
Anadarko Petroleum Corp.
294,900
24,158,208
BP PLC, SADR
325,875
14,384,123
Chevron Corp.
543,800
58,420,434
ConocoPhillips
177,500
14,175,150
Exxon Mobil Corp.
567,900
47,777,427
Murphy Oil Corp.
385,800
28,325,436
Royal Dutch Shell PLC, ADR (L)
539,500
39,307,970
Spectra Energy Corp.
339,950
9,239,841
Sunoco, Inc.
226,800
10,339,812
246,128,401
282,037,077
Financials - 19.36%
Capital Markets - 2.05%
Legg Mason, Inc.
534,902
19,304,613
Morgan Stanley
235,300
6,428,396
The Bank of New York Mellon Corp.
542,400
16,201,488
41,934,497
152
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Equity-Income Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Commercial Banks - 5.20%
KeyCorp
922,600
PNC Financial Services Group, Inc.
185,000
$
8,192,688
11,653,150
Regions Financial Corp.
975,700
7,083,582
SunTrust Banks, Inc.
525,800
15,164,072
U.S. Bancorp
1,081,000
28,570,830
Wells Fargo & Company
1,123,500
35,614,950
106,279,272
Consumer Finance - 3.21%
American Express Company
842,500
38,081,000
Capital One Financial Corp.
262,175
13,622,613
SLM Corp. (I)
901,000
13,785,300
65,488,913
Diversified Financial Services - 4.90%
Bank of America Corp.
2,289,893
30,524,274
JPMorgan Chase & Company
1,258,975
58,038,748
NYSE Euronext
327,600
11,521,692
100,084,714
Insurance - 3.59%
Chubb Corp. (L)
141,700
8,687,627
Lincoln National Corp.
462,100
13,881,484
Marsh & McLennan Companies, Inc.
713,900
21,281,359
Sun Life Financial, Inc.
380,900
11,971,687
The Allstate Corp.
551,400
17,523,492
73,345,649
Real Estate Investment Trusts - 0.41%
Weyerhaeuser Company
344,200
8,467,320
395,600,365
Health Care - 4.99%
Biotechnology - 0.52%
Amgen, Inc. (I)
197,100
10,534,995
Pharmaceuticals - 4.47%
Bristol-Myers Squibb Company
543,725
14,370,652
Eli Lilly & Company
265,400
9,334,118
Johnson & Johnson
427,100
25,305,675
Merck & Company, Inc.
595,150
19,645,902
Pfizer, Inc.
1,117,935
22,705,260
91,361,607
101,896,602
Industrials - 12.31%
Aerospace & Defense - 3.37%
Honeywell International, Inc.
413,600
24,696,056
ITT Corp.
242,700
14,574,135
Lockheed Martin Corp. (L)
139,800
11,239,920
The Boeing Company
248,200
18,349,426
68,859,537
Air Freight & Logistics - 1.03%
United Parcel Service, Inc., Class B
284,000
21,106,880
Masco Corp. (L)
784,900
10,925,808
USG Corp. (I)(L)
283,400
4,721,444
Building Products - 0.77%
15,647,252
Commercial Services & Supplies - 0.61%
Avery Dennison Corp.
295,600
12,403,376
Cooper Industries PLC
238,200
15,459,180
Emerson Electric Company
146,300
8,548,309
Electrical Equipment - 1.17%
24,007,489
Equity-Income Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Industrial Conglomerates - 4.14%
3M Company
339,900
General Electric Company
2,631,500
$
31,780,650
52,761,575
84,542,225
Machinery - 1.22%
Illinois Tool Works, Inc.
462,400
24,840,128
251,406,887
Information Technology - 6.66%
Communications Equipment - 1.38%
Cisco Systems, Inc.
548,800
9,411,920
Harris Corp.
379,900
18,843,040
28,254,960
Computers & Peripherals - 1.22%
Dell, Inc. (I)
635,225
9,217,115
Hewlett-Packard Company
382,200
15,658,734
24,875,849
IT Services - 0.96%
Computer Sciences Corp.
400,824
19,532,154
Analog Devices, Inc.
390,200
15,366,076
Applied Materials, Inc.
1,026,800
16,038,616
Texas Instruments, Inc.
119,100
4,116,096
Semiconductors & Semiconductor Equipment - 1.74%
35,520,788
Software - 1.36%
Electronic Arts, Inc. (I)
370,200
7,230,006
Microsoft Corp.
813,925
20,641,138
27,871,144
136,054,895
Materials - 5.99%
Chemicals - 2.43%
E.I. du Pont de Nemours & Company
229,300
12,604,621
International Flavors & Fragrances, Inc.
234,300
14,596,890
Monsanto Company
309,700
22,378,922
49,580,433
Construction Materials - 0.78%
Vulcan Materials Company (L)
349,200
15,923,520
459,900
21,164,598
International Paper Company
813,800
24,560,484
MeadWestvaco Corp.
368,900
11,188,737
Metals & Mining - 1.03%
Nucor Corp. (L)
Paper & Forest Products - 1.75%
35,749,221
122,417,772
Telecommunication Services - 3.82%
Diversified Telecommunication Services - 3.40%
AT&T, Inc.
1,211,349
37,067,279
Qwest Communications International, Inc.
2,102,800
14,362,124
Verizon Communications, Inc.
468,900
18,071,406
69,500,809
Wireless Telecommunication Services - 0.42%
Vodafone Group PLC
3,007,117
8,514,386
78,015,195
Utilities - 7.54%
Electric Utilities - 4.63%
Duke Energy Corp.
612,300
11,113,245
Entergy Corp.
306,400
20,593,144
153
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Equity-Income Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Electric Utilities (continued)
Exelon Corp.
530,900
$
21,894,316
FirstEnergy Corp.
217,200
8,055,948
Pinnacle West Capital Corp.
238,300
10,196,857
PPL Corp.
357,100
9,034,630
Progress Energy, Inc.
297,600
13,731,264
94,619,404
Independent Power Producers & Energy Traders - 0.89%
Constellation Energy Group, Inc.
478,400
14,892,592
NRG Energy, Inc. (I)
147,200
3,170,688
18,063,280
Multi-Utilities - 2.02%
CenterPoint Energy, Inc.
315,200
5,534,912
NiSource, Inc. (L)
956,400
18,343,752
TECO Energy, Inc.
228,000
4,277,280
Xcel Energy, Inc.
549,300
13,122,775
41,278,719
153,961,403
TOTAL COMMON STOCKS (Cost $1,558,069,754)
$
1,948,779,499
PREFERRED SECURITIES - 0.62%
Consumer Discretionary - 0.62%
General Motors Company, Series B, 4.750%
261,450
TOTAL PREFERRED SECURITIES (Cost $13,159,850)
12,601,890
$
12,601,890
SECURITIES LENDING COLLATERAL - 5.77%
John Hancock Collateral
Investment Trust, 0.2867% (W)(Y)
11,789,318
117,974,523
TOTAL SECURITIES LENDING
COLLATERAL (Cost $117,979,194)
$
117,974,523
SHORT-TERM INVESTMENTS - 3.91%
Money Market Funds* - 3.91%
State Street Institutional U.S. Government
Money Market Fund, 0.0248%
T. Rowe Price Prime Reserve Fund, 0.1942%
$
1,721,934 $
1,721,934
78,117,627
78,117,627
79,839,561
TOTAL SHORT-TERM INVESTMENTS (Cost $79,839,561)
$
79,839,561
$
2,159,195,473
Total Investments (Equity-Income Trust)
(Cost $1,769,048,359) - 105.69%
Other assets and liabilities, net - (5.69%)
(116,254,231)
TOTAL NET ASSETS - 100.00%
$
2,042,941,242
Financial Services Trust
Shares or
Principal
Amount
Value
COMMON STOCKS - 98.93%
Consumer Discretionary - 1.03%
Specialty Retail - 1.03%
Bed Bath & Beyond, Inc. (I)
38,500
$
1,858,395
Energy - 6.47%
Oil, Gas & Consumable Fuels - 6.47%
Canadian Natural Resources, Ltd.
236,290
11,679,815
Financial Services Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Financials - 84.24%
Capital Markets - 17.21%
Ameriprise Financial, Inc.
42,586
GAM Holding, Ltd. (I)
140,332
$
2,601,153
2,666,412
Julius Baer Group, Ltd. (I)
206,432
8,960,754
T. Rowe Price Group, Inc.
12,970
861,467
The Bank of New York Mellon Corp.
286,426
8,555,545
The Charles Schwab Corp.
38,902
701,403
The Goldman Sachs Group, Inc.
42,578
6,747,336
31,094,070
Commercial Banks - 14.58%
Banco Santander Brasil SA, ADR
43,400
532,084
ICICI Bank, Ltd., SADR
41,203
2,053,145
SKBHC Holdings LLC (I)(R)
269
1,345,789
State Bank of India, GDR
99,569
12,852,210
U.S. Bancorp
30,829
814,810
Wells Fargo & Company
275,881
8,745,428
26,343,466
Consumer Finance - 8.55%
American Express Company
321,928
14,551,146
The First Marblehead Corp. (I)(L)
410,168
902,370
15,453,516
Diversified Financial Services - 7.73%
Bank of America Corp.
36,055
480,613
Oaktree Capital Group LLC, Class A (I)(S)
294,700
12,377,400
RHJ International (I)
136,461
1,101,564
13,959,577
Insurance - 32.36%
ACE, Ltd.
34,004
2,200,059
Company, Ltd., SADR (L)
81,470
4,566,394
Everest Re Group, Ltd.
61,428
5,416,721
Loews Corp.
370,585
15,968,508
Markel Corp. (I)
20,634
8,551,761
The Progressive Corp.
332,735
7,030,691
Transatlantic Holdings, Inc.
302,809
14,737,714
China Life Insurance
58,471,848
Real Estate Management & Development - 3.81%
Brookfield Asset Management, Inc., Class A
212,010
6,881,845
152,204,322
Industrials - 4.47%
Commercial Services & Supplies - 3.69%
Iron Mountain, Inc.
213,500
6,667,605
17,548
1,408,052
Professional Services - 0.78%
Dun & Bradstreet Corp.
8,075,657
Information Technology - 2.72%
IT Services - 2.72%
Cielo SA
148,100
1,255,446
Visa, Inc., Class A (L)
49,763
3,663,553
4,918,999
4,918,999
TOTAL COMMON STOCKS (Cost $159,485,845)
$
178,737,188
154
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Financial Services Trust (continued)
Shares or
Principal
Amount
Value
SECURITIES LENDING COLLATERAL - 3.96%
John Hancock Collateral
Investment Trust, 0.2867% (W)(Y)
715,596
$
7,160,896
$
7,160,896
TOTAL SECURITIES LENDING
COLLATERAL (Cost $7,161,027)
SHORT-TERM INVESTMENTS - 1.20%
Commercial Paper* - 1.20%
Intesa Funding LLC, 0.190%, 04/01/2011
$
2,168,000
TOTAL SHORT-TERM INVESTMENTS (Cost $2,168,000)
$
2,167,998
$
2,167,998
$
188,066,082
Total Investments (Financial Services Trust)
(Cost $168,814,872) - 104.09%
Other assets and liabilities, net - (4.09%)
(7,384,484)
TOTAL NET ASSETS - 100.00%
$
180,681,598
Franklin Templeton Founding Allocation Trust
Shares or
Principal
Amount
Value
INVESTMENT COMPANIES - 100.00%
Affiliated Investment Companies - 100.00%
Equity - 66.71%
John Hancock Trust (G) - 66.71%
Global, Series NAV (Franklin)
30,715,793 $
473,023,220
Mutual Shares, Series NAV (Franklin)
45,791,212
473,023,220
42,456,865
472,120,334
Fixed Income - 33.29%
John Hancock Trust (G) - 33.29%
Income, Series NAV (Franklin)
1,418,166,774
TOTAL INVESTMENT COMPANIES (Cost $1,459,012,149)
$
1,418,166,774
$
1,418,166,774
Total Investments (Franklin Templeton Founding Allocation
Trust) (Cost $1,459,012,149) - 100.00%
Other assets and liabilities, net - 0.00%
(69,993)
TOTAL NET ASSETS - 100.00%
$
1,418,096,781
Fundamental Value Trust
Shares or
Principal
Amount
Value
COMMON STOCKS - 96.46%
Consumer Discretionary - 5.24%
Automobiles - 1.59%
Harley-Davidson, Inc. (L)
669,958
$
28,466,515
Household Durables - 0.19%
Hunter Douglas NV (L)
68,688
3,504,485
Expedia, Inc. (L)
247,730
5,613,562
Liberty Media Corp. - Interactive, Series A (I)
407,845
6,541,834
Internet & Catalog Retail - 0.68%
12,155,396
Media - 0.55%
Grupo Televisa SA, SADR (I)(L)
174,311
4,275,849
Liberty Media Corp. - Starz, Series A (I)
32,226
2,500,738
The Walt Disney Company
71,020
3,060,252
9,836,839
Fundamental Value Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Specialty Retail - 2.23%
Bed Bath & Beyond, Inc. (I)
620,520
CarMax, Inc. (I)(L)
308,868
$
29,952,500
9,914,663
39,867,163
93,830,398
Consumer Staples - 15.33%
Beverages - 3.91%
Diageo PLC, SADR (L)
298,402
22,744,200
Heineken Holding NV
511,555
24,615,586
The Coca-Cola Company
341,280
22,643,928
70,003,714
Food & Staples Retailing - 8.34%
Costco Wholesale Corp.
1,166,078
85,496,839
CVS Caremark Corp.
1,853,616
63,616,101
149,112,940
Food Products - 1.19%
Kraft Foods, Inc., Class A
402,400
12,619,264
Nestle SA
33,870
1,943,451
Unilever NV - NY Shares (L)
216,400
6,786,304
21,349,019
Household Products - 0.53%
The Procter & Gamble Company
154,730
9,531,368
110,700
3,118,978
322,237
21,148,414
Personal Products - 0.18%
Natura Cosmeticos SA
Tobacco - 1.18%
Philip Morris International, Inc.
274,264,433
Energy - 16.71%
Energy Equipment & Services - 1.08%
Schlumberger, Ltd.
43,500
4,056,810
Transocean, Ltd. (I)(L)
195,672
15,252,632
19,309,442
Oil, Gas & Consumable Fuels - 15.63%
Canadian Natural Resources, Ltd.
1,126,710
55,693,275
China Coal Energy Company, Series H
8,825,500
12,004,584
Devon Energy Corp.
658,461
60,426,966
EOG Resources, Inc.
652,533
77,331,686
Occidental Petroleum Corp.
591,638
61,820,255
OGX Petroleo e Gas Participacoes SA (I)
1,030,000
12,396,717
279,673,483
298,982,925
Financials - 27.69%
Capital Markets - 7.10%
Ameriprise Financial, Inc.
306,437
18,717,172
GAM Holding, Ltd. (I)
392,200
7,452,091
Julius Baer Group, Ltd.
851,600
36,966,064
The Bank of New York Mellon Corp.
1,778,302
53,117,881
The Charles Schwab Corp.
55,800
1,006,074
The Goldman Sachs Group, Inc.
61,700
9,777,599
127,036,881
Commercial Banks - 4.74%
Wells Fargo & Company
2,676,126
84,833,194
1,744,455
78,849,366
42,208
1,945,789
Consumer Finance - 4.41%
American Express Company
Diversified Financial Services - 0.11%
JPMorgan Chase & Company
155
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Fundamental Value Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Insurance - 9.80%
ACE, Ltd.
138,030
AON Corp.
40,780
$
8,930,541
2,159,709
Berkshire Hathaway, Inc. Class A (I)
200
25,060,000
Everest Re Group, Ltd.
24,330
2,145,419
Fairfax Financial Holdings, Ltd.
18,200
6,876,142
(Toronto Exchange)
8,800
3,326,663
Loews Corp.
1,417,727
61,089,856
Markel Corp. (I)(L)
5,123
2,123,227
The Progressive Corp.
2,172,084
45,896,135
Transatlantic Holdings, Inc.
364,629
17,746,493
Fairfax Financial Holdings, Ltd.
175,354,185
Real Estate Management & Development - 1.53%
Brookfield Asset Management, Inc., Class A
416,380
13,515,695
Hang Lung Group, Ltd.
2,205,100
13,777,400
27,293,095
495,312,510
Health Care - 12.21%
Health Care Equipment & Supplies - 1.65%
Baxter International, Inc.
215,100
11,565,927
Becton, Dickinson & Company
226,700
18,049,854
29,615,781
Health Care Providers & Services - 1.82%
Express Scripts, Inc. (I)
585,788
32,575,671
382,780
17,140,888
Johnson & Johnson
732,420
43,395,885
Merck & Company, Inc.
1,522,239
50,249,109
Pfizer, Inc.
1,512,560
30,720,094
Roche Holdings AG
103,400
14,769,806
Life Sciences Tools & Services - 0.96%
Agilent Technologies, Inc. (I)
Pharmaceuticals - 7.78%
139,134,894
218,467,234
Industrials - 5.88%
Aerospace & Defense - 0.72%
Lockheed Martin Corp. (L)
160,400
12,896,160
1,183,791
36,969,793
94,394
4,226,019
China Shipping Development Company, Ltd.
3,821,300
4,325,030
Kuehne & Nagel International AG
118,956
16,642,084
Commercial Services & Supplies - 2.07%
Iron Mountain, Inc.
Industrial Conglomerates - 0.24%
Tyco International, Ltd.
Marine - 1.17%
20,967,114
Professional Services - 0.37%
Dun & Bradstreet Corp.
82,305
6,604,153
International Company, Ltd.
5,278,056
22,266,275
LLX Logistica SA (I)
227,700
701,517
Transportation Infrastructure - 1.31%
China Merchants Holdings
PortX Operacoes Portuarias SA (I)
227,700
538,341
23,506,133
105,169,372
Information Technology - 4.99%
Computers & Peripherals - 0.73%
Hewlett-Packard Company
318,346
13,042,636
Fundamental Value Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Internet Software & Services - 1.05%
Google, Inc., Class A (I)
32,120
$
18,829,065
IT Services - 0.27%
Visa, Inc., Class A
66,330
4,883,215
873,110
30,174,682
Activision Blizzard, Inc. (L)
827,500
9,077,675
Microsoft Corp.
521,354
13,221,537
Semiconductors & Semiconductor Equipment - 1.69%
Texas Instruments, Inc.
Software - 1.25%
22,299,212
89,228,810
Materials - 8.06%
Chemicals - 2.09%
Air Products & Chemicals, Inc.
93,400
8,422,812
Monsanto Company
263,060
19,008,716
Potash Corp. of Saskatchewan, Inc.
103,758
6,114,459
Praxair, Inc.
38,113
3,872,281
37,418,268
Construction Materials - 0.79%
Martin Marietta Materials, Inc. (L)
103,421
9,273,761
Vulcan Materials Company (L)
105,110
4,793,016
14,066,777
Containers & Packaging - 2.33%
Sealed Air Corp.
1,564,275
41,703,572
BHP Billiton PLC
317,520
12,586,510
Rio Tinto PLC (I)
172,534
12,173,658
Metals & Mining - 1.38%
24,760,168
Paper & Forest Products - 1.47%
Sino-Forest Corp. (I)(L)
976,820
25,491,022
Sino-Forest Corp. (I)(S)
31,600
824,631
26,315,653
144,264,438
Telecommunication Services - 0.35%
Wireless Telecommunication Services - 0.35%
America Movil SAB de CV,
Series L, ADR (L)
107,060
TOTAL COMMON STOCKS (Cost $1,397,227,293)
6,220,186
$
1,725,740,306
CONVERTIBLE BONDS - 0.37%
Materials - 0.25%
Paper & Forest Products - 0.25%
Sino-Forest Corp.
5.000%, 08/01/2013 (S)
$
3,244,100 $
4,562,016
1,600,000
2,094,000
Telecommunication Services - 0.12%
Diversified Telecommunication Services - 0.12%
Level 3 Communications, Inc.
15.000%, 01/15/2013
TOTAL CONVERTIBLE BONDS (Cost $4,844,100)
$
6,656,016
SECURITIES LENDING COLLATERAL - 4.88%
John Hancock Collateral
Investment Trust, 0.2867% (W)(Y)
8,718,910
87,249,263
TOTAL SECURITIES LENDING
COLLATERAL (Cost $87,247,074)
$
87,249,263
156
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Fundamental Value Trust (continued)
Shares or
Principal
Amount
Value
SHORT-TERM INVESTMENTS - 3.26%
Commercial Paper* - 3.26%
BNP Paribas Finance, Inc.,
0.110%, 04/07/2011
Intesa Funding LLC, 0.190%, 04/01/2011
$
13,605,000 $
13,604,751
44,710,000
44,710,000
58,314,751
TOTAL SHORT-TERM INVESTMENTS (Cost $58,314,751)
$
58,314,751
$
1,877,960,336
Total Investments (Fundamental Value Trust)
(Cost $1,547,633,218) - 104.97%
Other assets and liabilities, net - (4.97%)
TOTAL NET ASSETS - 100.00%
(88,848,974)
$
1,789,111,362
Global Trust
Shares or
Principal
Amount
Value
COMMON STOCKS - 98.42%
Austria - 0.61%
Telekom Austria AG
292,670
$
4,284,691
Bermuda - 0.59%
RenaissanceRe Holdings, Ltd. (L)
60,280
4,158,717
Petroleo Brasileiro SA, SADR
63,250
2,247,905
Vale SA
146,440
4,322,909
Brazil - 0.94%
6,570,814
Cayman Islands - 0.48%
Seagate Technology PLC (I)
231,510
3,333,744
53,040
3,235,440
209,790
4,386,213
Michelin, Class B
63,044
5,327,461
France Telecom SA
338,330
7,589,419
Sanofi-Aventis SA
198,940
13,971,909
Total SA
190,620
11,604,296
Vivendi SA
249,770
7,128,929
China - 0.46%
China Telecom Corp., Ltd., ADR (L)
France - 7.13%
AXA SA
Compagnie Generale des Etablissements
50,008,227
Germany - 5.40%
Bayerische Motoren Werke (BMW) AG
46,140
3,851,910
Deutsche Lufthansa AG (I)
83,710
1,774,713
Deutsche Post AG
185,900
3,355,199
Merck KGAA (L)
42,920
3,872,785
AG (MunichRe)
31,510
4,955,007
SAP AG
117,890
7,232,825
Siemens AG
93,580
12,818,888
Muenchener Rueckversicherungs - Gesellschaft
37,861,327
Hong Kong - 1.70%
AIA Group, Ltd. (I)
754,600
2,326,542
Cheung Kong Holdings, Ltd.
296,000
4,821,121
Swire Pacific, Ltd.
325,300
4,777,856
11,925,519
India - 0.59%
ICICI Bank, Ltd., SADR
83,180
4,144,859
246,990
13,577,040
Ireland - 4.21%
Accenture PLC, Class A
Global Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Ireland (continued)
Covidien PLC
182,340
CRH PLC
185,321
$
9,470,740
4,263,975
CRH PLC (London Exchange)
95,570
2,193,340
29,505,095
Italy - 2.27%
Eni SpA
299,420
7,350,002
Intesa Sanpaolo SpA
1,273,940
3,772,034
UniCredit Italiano SpA
1,931,787
4,777,594
15,899,630
Japan - 3.41%
East Japan Railway Company
33,000
1,813,371
FUJIFILM Holdings Corp.
83,270
2,578,787
Itochu Corp.
179,700
1,881,687
Konica Minolta Holdings, Inc.
319,010
2,673,118
Nintendo Company, Ltd.
15,850
4,281,672
Nissan Motor Company, Ltd.
20,600
182,770
Nomura Holdings, Inc.
354,300
1,852,855
Toyota Motor Corp.
155,450
6,217,987
USS Company, Ltd.
30,920
2,405,054
23,887,301
Netherlands - 4.96%
ING Groep NV (I)
919,950
11,676,218
Koninklijke Philips Electronics NV (L)
199,820
6,382,340
Randstad Holdings NV (L)
98,390
5,475,643
Reed Elsevier NV
259,305
3,340,555
Royal Dutch Shell PLC (L)
96,190
3,495,937
SBM Offshore NV
150,549
4,380,071
34,750,764
Norway - 0.69%
Statoil ASA
174,480
4,842,334
Gazprom OAO, SADR (L)
88,700
2,868,558
Gazprom OAO, SADR (London Exchange)
72,110
2,337,025
Russia - 0.74%
5,205,583
Singapore - 2.78%
DBS Group Holdings, Ltd.
419,510
4,877,791
Flextronics International, Ltd. (I)
622,360
4,649,029
Singapore Telecommunications, Ltd.
4,169,000
9,993,525
19,520,345
South Korea - 3.74%
Hyundai Motor Company, Ltd.
36,573
6,788,350
KB Financial Group, Inc., ADR (L)
140,908
7,351,170
Samsung Electronics Company, Ltd.
14,230
12,072,441
26,211,961
Spain - 1.28%
Inditex SA
44,680
3,586,775
Telefonica SA
215,740
5,401,424
8,988,199
Sweden - 1.22%
Svenska Cellulosa AB (L)
189,660
3,051,381
Telefonaktiebolaget LM Ericsson, B Shares
427,054
5,491,803
8,543,184
Switzerland - 6.66%
Adecco SA
32,410
2,134,538
Lonza Group AG
44,630
3,739,007
Nestle SA
93,010
5,336,889
Novartis AG
160,630
8,708,905
Roche Holdings AG
57,200
8,170,531
157
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Global Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Switzerland (continued)
Swiss Reinsurance Company, Ltd.
73,670
$
4,216,653
TE Connectivity, Ltd.
135,420
4,715,324
Tyco International, Ltd.
157,457
7,049,350
UBS AG (Swiss Exchange) (I)
145,120
2,604,874
46,676,071
Taiwan - 1.12%
Taiwan Semiconductor
Manufacturing Company, Ltd.
3,279,363
7,862,784
200,530
3,013,966
Aviva PLC
1,242,570
8,629,641
BAE Systems PLC (I)
592,240
3,090,360
BP PLC
1,137,675
8,285,760
Compass Group PLC
614,670
5,532,349
GlaxoSmithKline PLC
540,100
10,306,161
HSBC Holdings PLC
603,600
6,334,124
Turkey - 0.43%
Turkcell Iletisim Hizmetleri AS, ADR (L)
United Kingdom - 12.69%
International Consolidated Airlines
Group SA - DI (I)
464,720
1,691,802
Kingfisher PLC
1,640,530
6,467,504
Pearson PLC (I)
251,410
4,454,072
Rentokil Initial PLC (I)
555,230
801,576
Royal Dutch Shell PLC, B Shares
199,440
7,237,706
Tesco PLC (I)
890,920
5,442,851
Vodafone Group PLC
5,662,220
16,032,075
Wolseley PLC
137,426
4,633,651
88,939,632
United States - 34.32%
Abbott Laboratories
56,860
2,788,983
ACE, Ltd.
80,545
5,211,262
Alcoa, Inc.
176,370
3,112,931
American Express Company
129,990
5,875,548
Amgen, Inc. (I)
272,420
14,560,849
Baker Hughes, Inc.
97,160
7,134,459
Bank of America Corp.
238,190
3,175,073
Biogen Idec, Inc. (I)
60,540
4,443,031
Brocade Communications Systems, Inc. (I)
584,460
3,594,429
Chevron Corp.
64,000
6,875,520
Cisco Systems, Inc.
379,490
6,508,254
Comcast Corp., Special Class A
558,000
12,956,760
CVS Caremark Corp.
203,110
6,970,735
Dell, Inc. (I)
171,320
2,485,853
Expedia, Inc. (L)
37,000
838,420
FedEx Corp.
46,300
4,331,365
General Electric Company
407,240
8,165,162
Halliburton Company
117,860
5,874,142
Home Depot, Inc.
75,340
2,792,100
JPMorgan Chase & Company
82,200
3,789,420
Medtronic, Inc.
164,650
6,478,978
Merck & Company, Inc.
217,350
7,174,724
Microsoft Corp.
590,310
14,970,262
News Corp., Class A
741,490
13,020,564
Noble Corp. (L)
107,370
4,898,219
Oracle Corp.
430,660
14,371,124
Pfizer, Inc.
651,450
13,230,950
Quest Diagnostics, Inc.
131,810
7,608,073
Sprint Nextel Corp. (I)(L)
1,123,890
5,214,850
Target Corp.
67,980
3,399,680
The Progressive Corp.
244,260
5,161,214
The Walt Disney Company
115,640
4,982,928
Time Warner Cable, Inc.
76,882
5,484,762
Time Warner, Inc.
145,233
5,184,818
United Parcel Service, Inc., Class B
113,280
8,418,970
Global Trust (continued)
Shares or
Principal
Amount
COMMON STOCKS (continued)
Value
United States (continued)
Viacom, Inc., Class B
203,410
$
9,462,630
240,547,042
TOTAL COMMON STOCKS (Cost $687,783,851)
$
689,917,229
SECURITIES LENDING COLLATERAL - 4.51%
John Hancock Collateral
Investment Trust, 0.28867% (W)(Y)
3,156,490
31,586,678
TOTAL SECURITIES LENDING
COLLATERAL (Cost $31,587,473)
$
31,586,678
SHORT-TERM INVESTMENTS - 0.60%
Time Deposits* - 0.60%
Bank of Montreal, 0.050% due 04/01/2011
$
4,200,000 $
4,200,000
$
4,200,000
$
725,703,907
TOTAL SHORT-TERM INVESTMENTS (Cost $4,200,000)
Total Investments (Global Trust)
(Cost $723,571,324) - 103.53%
Other assets and liabilities, net - (3.53%)
(24,749,488)
TOTAL NET ASSETS - 100.00%
$
700,954,419
Global Bond Trust
Shares or
Principal
Amount
Value
U.S. GOVERNMENT & AGENCY
OBLIGATIONS - 11.53%
U.S. Government Agency - 11.53%
Federal Home Loan Mortgage Corp.
5.193%, 03/01/2035 (P)
$
597,263
$
634,863
Federal National Mortgage Association
2.142%, 12/01/2034 (P)
322,604
333,923
2.686%, 11/01/2034 (P)
1,825,401
1,925,039
4.000%, TBA
89,000,000
87,387,872
4.000%, 08/01/2040 to 04/01/2041
25,748,961
25,318,371
5.003%, 05/01/2035 (P)
341,509
364,036
2.125%, 11/20/2023 to 10/20/2026 (P)
81,258
83,524
3.250%, 01/20/2030 (P)
23,453
24,164
3.375%, 02/20/2024 to 06/20/2030 (P)
88,951
91,933
Government National
Mortgage Association
116,163,725
TOTAL U.S. GOVERNMENT & AGENCY
OBLIGATIONS (Cost $115,753,744)
FOREIGN GOVERNMENT
$
116,163,725
OBLIGATIONS - 18.62%
Canada - 2.45%
Government of Canada
1.750%, 03/01/2013
CAD
24,000,000
24,734,423
24,734,423
France - 1.17%
Societe Financement de
l’Economie Francaise
2.125%, 05/20/2012
EUR
2,000,000
2,849,821
2.250%, 06/11/2012 (S)
$
8,800,000
8,960,213
11,810,034
158
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Global Bond Trust (continued)
Shares or
Principal
Amount
Value
FOREIGN GOVERNMENT
OBLIGATIONS (continued)
Germany - 1.00%
Federal Republic of Germany
3.250%, 01/04/2020
EUR
1,100,000
$
1,555,646
FMS Wertmanagement
0.998%, 01/20/2014 (P)
6,000,000
8,493,749
10,049,395
Italy - 3.14%
Government of Italy
4.750%, 02/01/2013
21,500,000
31,588,029
31,588,029
Japan - 8.40%
Government of Japan
zero coupon 04/11/2011 to 06/27/2011
JPY
0.200%, 02/15/2012
5,410,000,000
65,029,875
1,630,000,000
19,602,308
84,632,183
New Zealand - 0.91%
Dominion of New Zealand
5.000%, 03/15/2019
6.000%, 05/15/2021
NZD
4,500,000
3,327,164
7,500,000
5,861,614
9,188,778
Spain - 1.55%
Kingdom of Spain
2.941%, 03/25/2014 (P) (S)
EUR
11,000,000
15,584,673
15,584,673
TOTAL FOREIGN GOVERNMENT
OBLIGATIONS (Cost $184,769,609)
$
187,587,515
CORPORATE BONDS - 50.16%
Australia - 5.15%
Commonwealth Bank of Australia
0.723%, 07/12/2013 (P) (S)
8,000,000
8,012,920
0.808%, 06/25/2014 (P) (S)
$
14,800,000
14,912,643
2.500%, 12/10/2012 (S)
5,500,000
5,639,651
AUD
10,000,000
10,413,626
$
500,000
520,822
AUD
2,400,000
2,495,038
0.803%, 07/08/2014 (P) (S)
$
5,000,000
5,050,060
5.750%, 12/19/2013
AUD
40,000
41,677
$
4,700,000
4,853,286
ING Bank Australia, Ltd.
5.523%, 06/24/2014 (P)
Macquarie Bank, Ltd.
3.300%, 07/17/2014 (S)
Members Equity Bank Pty, Ltd.
5.750%, 08/20/2012
National Australia Bank, Ltd.
Westpac Banking Corp.
2.900%, 09/10/2014 (S)
51,939,723
Bermuda - 0.03%
Qtel International Finance, Ltd.
5.000%, 10/19/2025
300,000
264,750
264,750
Canada - 1.04%
Honda Canada Finance, Inc., Series E
1.476%, 03/26/2012 (P)
CAD
10,200,000
10,493,480
10,493,480
Cayman Islands - 0.76%
IPIC, Ltd.
5.000%, 11/15/2020 (S)
$
2,000,000
1,940,000
700,000
737,625
Odebrecht Drilling Norbe VIII/IX, Ltd.
6.350%, 06/30/2021 (S)
Global Bond Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Cayman Islands (continued)
Petrobras International Finance Company
3.875%, 01/27/2016
$
3,400,000 $
3,418,408
5.375%, 01/27/2021
1,600,000
1,602,890
7,698,923
Denmark - 0.03%
Nykredit
6.000%, 10/01/2029
DKK
156,417
32,079
1,302,689
233,933
Realkredit Danmark A/S, Series 73D
2.498%, 01/01/2038 (P)
266,012
France - 6.56%
BNP Paribas
5.000%, 01/15/2021
$
5,150,000
5,190,165
EUR
700,000
997,809
2,700,000
3,989,372
BNP Paribas Home Loan
Covered Bonds SA
3.000%, 07/23/2013
4.750%, 05/28/2013
Cie de Financement Foncier
1.625%, 07/23/2012 (S)
$
7,200,000
7,212,233
2.000%, 02/17/2012
EUR
6,800,000
9,641,640
2.125%, 04/22/2013 (S)
$
4,900,000
4,937,563
2.250%, 01/25/2013
EUR
600,000
845,700
2.500%, 09/16/2015 (S)
$
5,100,000
4,932,470
0.553%, 01/12/2012 (P) (S)
8,000,000
7,961,944
2.750%, 01/10/2014 (S)
15,500,000
15,450,943
EUR
700,000
997,185
$
3,700,000
3,970,933
Dexia Credit Local
Dexia Municipal Agency
4.750%, 06/06/2011
Vivendi SA
5.750%, 04/04/2013 (S)
66,127,957
Germany - 1.65%
Kreditanstalt Fuer Wiederaufbau
1.250%, 06/17/2013
EUR
5.000%, 07/04/2011
5.500%, 06/05/2014
AUD
7,800,000
10,846,437
250,000
357,589
5,200,000
5,372,993
16,577,019
India - 0.13%
ICICI Bank, Ltd.
2.063%, 02/24/2014 (P) (S)
$
1,300,000
1,292,335
1,292,335
Italy - 1.01%
Intesa Sanpaolo SpA
2.713%, 02/24/2014 (P) (S)
6,500,000
6,583,382
3.000%, 11/04/2015
EUR
1,800,000
2,419,605
6.500%, 02/24/2021 (S)
$
1,100,000
1,153,015
10,156,002
Jersey, C.I. - 0.53%
HBOS Capital Funding LP (9.540% to
03/19/2018, then GBP
LIBOR + 6.750%)
03/19/2018 (Q)
GBP
1,700,000
2,263,393
EUR
2,334,000
3,043,124
HBOS Euro Finance LP (7.627% to
12/09/2011, then 3 month
EURIBOR + 2.875%)
12/09/2011 (Q)
5,306,517
159
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Global Bond Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Luxembourg - 0.23%
Sunrise Communications International SA
7.000%, 12/31/2017
$
1,600,000 $
2,358,220
2,358,220
Netherlands - 2.94%
ABN Amro Bank NV
3.250%, 01/18/2013
3,200,000
4,585,681
3.750%, 01/12/2012
400,000
575,521
$
2,400,000
2,482,699
EUR
5,900,000
8,532,393
$
2,700,000
3,250,800
EUR
1,800,000
2,587,481
1,700,000
2,460,949
$
2,900,000
3,777,250
EUR
1,000,000
1,417,199
Achmea Hypotheekbank NV
3.200%, 11/03/2014 (S)
Fortis Bank Nederland Holding NV
3.375%, 05/19/2014
Gazprom via White Nights Finance BV
10.500%, 03/08/2014
LeasePlan Corp. NV
3.250%, 05/22/2014
NIBC Bank NV
3.500%, 04/07/2014
Rabobank Nederland NV (11.000% to
06/30/2019, then 3 month
LIBOR + 10.868%)
06/30/2019 (Q) (S)
Ziggo Finance Bv
6.125%, 11/15/2017
29,669,973
New Zealand - 0.45%
Westpac Securities NZ, Ltd.
3.450%, 07/28/2014 (S)
$
4,300,000
4,522,491
4,522,491
Norway - 1.26%
DnB NOR Boligkreditt
2.375%, 07/20/2015
EUR
4.500%, 05/16/2011
3,700,000
4,962,993
1,700,000
2,418,329
5,200,000
5,291,608
Kommunalbanken AS
2.000%, 01/14/2013
$
12,672,930
South Korea - 0.26%
Export-Import Bank of Korea
5.750%, 05/22/2013
EUR
1,800,000
2,664,247
2,664,247
Sweden - 0.36%
Stadshypotek AB
3.750%, 12/12/2013
1,800,000
2,614,394
700,000
996,185
Swedbank Hypotek AB
4.625%, 05/23/2011
3,610,579
United Kingdom - 10.34%
Abbey National Treasury Services PLC
3.125%, 06/30/2014
4,300,000
5,956,795
4.375%, 07/13/2016
900,000
1,277,464
4.500%, 10/23/2013
200,000
290,267
100,000
102,011
1,840,000
2,337,002
Bank of Scotland PLC
Barclays Bank PLC
2.700%, 03/05/2012 (S)
$
10.179%, 06/12/2021 (S)
BP Capital Markets PLC
0.450%, 04/11/2011 (P)
400,000
400,011
2.750%, 06/14/2011
CHF
100,000
109,358
3.125%, 10/01/2015
$
3,000,000
3,011,757
4,200,000
4,665,881
British Sky Broadcasting Group PLC
6.100%, 02/15/2018 (S)
Global Bond Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
United Kingdom (continued)
HBOS PLC
6.750%, 05/21/2018 (S)
$
3,100,000 $
3,031,335
7.375%, 03/12/2020
EUR
1,100,000
1,434,206
11.040%, 03/19/2020
GBP
2,800,000
4,896,016
3,138,000
4,631,259
3,300,000
3,329,380
LBG Capital No.1 PLC
LBG Capital No.2 PLC
7.625%, 12/09/2019
Lloyds TSB Bank PLC
1.303%, 04/02/2012 (P) (S)
$
2.653%, 01/24/2014 (P)
1,100,000
1,127,622
4.875%, 01/21/2016
5,000,000
5,149,260
CAD
2,000,000
2,074,884
EUR
4,700,000
6,393,145
1,700,000
2,473,923
4,100,000
4,300,375
4,000,000
4,198,892
EUR
250,000
360,281
$
3,000,000
3,210,756
400,000
416,134
0.571%, 03/30/2012 (P) (S)
13,900,000
13,920,475
1.450%, 10/20/2011 (S)
10,800,000
10,866,344
2.625%, 05/11/2012 (S)
4,000,000
4,086,792
1,800,000
2,536,013
4,100,000
5,883,219
1,000,000
1,734,540
National Grid PLC
4.980%, 06/22/2011
Nationwide Building Society
2.875%, 09/14/2015
4.625%, 09/13/2012
5.500%, 07/18/2012 (S)
$
5.500%, 07/18/2012
NGG Finance PLC
6.125%, 08/23/2011
Pearson Dollar Finance Two PLC
5.500%, 05/06/2013 (S)
Tate & Lyle International Finance PLC
5.000%, 11/15/2014 (S)
The Royal Bank of Scotland PLC
2.750%, 06/18/2013
EUR
3.750%, 11/14/2011
Virgin Media Secured Finance PLC
7.000%, 01/15/2018
GBP
104,205,397
United States - 17.43%
Ally Financial, Inc.
6.000%, 12/15/2011
$
1,550,000
1,584,875
6.875%, 09/15/2011 to 08/28/2012
5,300,000
5,430,625
7.000%, 02/01/2012
2,100,000
2,165,625
4,000,000
5,213,852
5,600,000
7,936,317
400,000
469,093
$
800,000
853,382
EUR
6,700,000
9,624,865
1,600,000
2,106,001
4,600,000
6,169,751
1,600,000
1,741,781
700,000
658,862
2,655,000
4,212,447
Altria Group, Inc.
9.250%, 08/06/2019
American International Group, Inc.
(8.000% to 05/22/2018, then 3 month
EURIBOR + 4.450%)
05/22/2038 (S)
EUR
American International Group, Inc.,
Series A3 (4.875% to 03/15/2017, then
3 month EURIBOR + 1.730%)
03/15/2067
Autozone, Inc.
5.875%, 10/15/2012
BA Covered Bond Issuer
4.125%, 04/05/2012
Bank of America Corp.
4.000%, 03/28/2018 (P)
Bank of America Corp. (4.750% to
05/23/2012, then 1 month
EURIBOR + 0.770%)
05/23/2017
Boston Scientific Corp.
6.400%, 06/15/2016
$
Citigroup, Inc.
0.580%, 06/09/2016 (P)
0.857%, 01/16/2012 (P)
GBP
4.750%, 05/31/2017 (P)
EUR
2,000,000
2,699,810
160
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Global Bond Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
United States (continued)
Citigroup, Inc. (continued)
5.500%, 04/11/2013 to 10/15/2014
$
850,000
$
915,494
6.000%, 08/15/2017
7,300,000
7,920,719
6.125%, 05/15/2018
5,800,000
6,315,585
4,000,000
4,307,736
2,700,000
2,928,955
5,100,000
5,248,308
3,000,000
3,085,983
EUR
1,600,000
2,274,322
$
200,000
217,500
4,744,000
4,975,270
200,000
204,408
5.350%, 03/01/2012
1,100,000
1,117,875
5.875%, 05/01/2013
2,800,000
2,870,000
6.500%, 09/01/2014 (S)
2,800,000
2,989,000
6.625%, 11/15/2013
600,000
621,000
6.750%, 09/01/2016 (S)
2,300,000
2,461,000
360,000
367,812
3.450%, 03/01/2016
1,700,000
1,690,898
6.000%, 01/15/2018
800,000
875,814
6.300%, 04/23/2019
700,000
773,833
5.625%, 01/24/2013 (H)
4,500,000
1,170,000
6.875%, 05/02/2018 (H)
2,100,000
551,250
11/16/2009 (H)
4,100,000
1,040,375
CNA Financial Corp.
5.850%, 12/15/2014
Computer Sciences Corp.
6.500%, 03/15/2018
Ford Motor Credit Company LLC
7.250%, 10/25/2011
GATX Financial Corp.
5.500%, 02/15/2012
GMAC International Finance BV
5.375%, 06/06/2011
HCA, Inc.
7.875%, 02/15/2020
9.125%, 11/15/2014
HCP, Inc.
5.950%, 09/15/2011
International Lease Finance Corp.
JPMorgan & Company, Inc., Series A
4.411%, 02/15/2012 (P)
JPMorgan Chase & Company
Lehman Brothers Holdings, Inc.
Loews Corp.
5.250%, 03/15/2016
400,000
432,275
5,000,000
5,422,805
300,000
313,979
3,000,000
4,130,976
500,000
753,195
$
6,500,000
7,207,558
EUR
Marsh & McLennan Companies, Inc.
5.750%, 09/15/2015
Masco Corp.
5.875%, 07/15/2012
Merrill Lynch & Company, Inc.
1.317%, 01/31/2014 (P)
EUR
6.750%, 05/21/2013
6.875%, 04/25/2018
Morgan Stanley
1.041%, 04/13/2016 (P)
300,000
395,612
1.422%, 03/01/2013 (P)
1,300,000
1,815,614
1.426%, 01/16/2017 (P)
2,300,000
3,001,659
4,500,000
4,589,181
400,000
400,296
4,200,000
4,399,475
3,000,000
3,356,562
5,000,000
5,554,190
3,000,000
2,741,250
300,000
319,125
3,000,000
3,258,750
1.903%, 01/24/2014 (P)
$
Reynolds American, Inc.
1.010%, 06/15/2011 (P)
Sealed Air Corp.
5.625%, 07/15/2013 (S)
Simon Property Group LP
6.125%, 05/30/2018
Spectra Energy Capital LLC
6.200%, 04/15/2018
Springleaf Finance Corp.
6.900%, 12/15/2017
Sprint Capital Corp.
8.750%, 03/15/2032
Starwood Hotels & Resorts
Worldwide, Inc.
6.750%, 05/15/2018
Global Bond Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
United States (continued)
The Bear Stearns Companies LLC
7.250%, 02/01/2018
$
6,800,000 $
7,910,562
3,000,000
3,185,526
EUR
1,800,000
2,471,772
$
1,200,000
1,116,118
500,000
548,942
3,700,000
5,279,027
900,000
1,263,009
The Cleveland Electric Illuminating
Company
5.700%, 04/01/2017
The Goldman Sachs Group, Inc.
1.524%, 02/02/2015 (P)
Wal-Mart Stores, Inc.
5.000%, 10/25/2040
6.200%, 04/15/2038
WM Covered Bond Program
3.875%, 09/27/2011
4.000%, 09/27/2016
EUR
175,657,881
TOTAL CORPORATE BONDS (Cost $487,243,067)
$
505,484,436
MUNICIPAL BONDS - 3.03%
California - 1.52%
Bay Area Toll Authority
6.907%, 10/01/2050
$
2,000,000
2,023,700
5.125%, 06/01/2047
200,000
119,468
5.750%, 06/01/2047
6,505,000
4,324,914
2,300,000
2,443,198
45,000
44,299
5.700%, 11/01/2021
2,500,000
2,515,650
7.600%, 11/01/2040
2,600,000
2,849,158
7.700%, 11/01/2030
900,000
949,797
Golden State
Tobacco Securitization Corp.
Los Angeles Community College District
6.750%, 08/01/2049
Metropolitan Water District Southern
California
5.000%, 10/01/2036
State of California
15,270,184
Georgia - 0.07%
Municipal Electric Authority of Georgia
6.655%, 04/01/2057
700,000
658,791
658,791
Illinois - 0.02%
Chicago Illinois, Series A
8.804%, 01/01/2014 (P)
230,000
157,964
157,964
Iowa - 0.04%
Tobacco Settlement Authority of Iowa,
Series A
6.500%, 06/01/2023
445,000
400,006
400,006
New York - 0.33%
City of New York
4.937%, 12/01/2019
2,700,000
2,763,882
300,000
238,851
400,000
358,784
New York City Municipal Water Finance
Authority, Series 1289
8.850%, 12/15/2013 (P)
Triborough Bridge & Tunnel Authority
5.550%, 11/15/2040
3,361,517
Ohio - 0.81%
American Municipal Power-Ohio, Inc.
7.734%, 02/15/2033
1,600,000
1,730,320
8.084%, 02/15/2050
4,100,000
4,684,455
161
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Global Bond Trust (continued)
Shares or
Principal
Amount
Value
MUNICIPAL BONDS (continued)
Ohio (continued)
Buckeye Tobacco Settlement Financing
Authority
5.875%, 06/01/2047
$
2,700,000 $
1,792,935
8,207,710
Puerto Rico - 0.00%
Puerto Rico Sales Tax Financing Corp.
Zero Coupon 08/01/2054
800,000
39,240
39,240
Texas - 0.24%
Northside Independent School District
5.741%, 08/15/2035
900,000
846,189
5.891%, 08/15/2040
1,700,000
1,607,554
2,453,743
TOTAL MUNICIPAL BONDS (Cost $32,675,053)
$
30,549,155
CAPITAL PREFERRED SECURITIES - 0.30%
Cayman Islands - 0.27%
MUFG Capital Finance 5, Ltd. (6.299%
to 01/25/2017, then 6 month GBP
LIBOR + 2.060%)
,01/25/2017 (Q)
GBP
1,800,000
2,764,837
2,764,837
United States - 0.03%
RBS Capital Trust I (4.709% to
07/01/2013, then 3 month
LIBOR + 1.865%)
,07/01/2013 (Q)
$
300,000
230,250
20,000
16,503
State Street Capital Trust IV
1.310%, 06/15/2037 (P)
246,753
TOTAL CAPITAL PREFERRED
SECURITIES (Cost $1,584,458)
COLLATERALIZED MORTGAGE
OBLIGATIONS - 14.61%
$
3,011,590
Australia - 1.44%
Crusade Global Trust, Series 2005-2,
Class A2
5.092%, 08/14/2037 (P)
AUD
3,938,433 $
3,944,134
$
670,593
646,950
AUD
2,659,800
2,665,295
506,788
512,394
1,594,495
1,613,580
2,616,158
2,677,122
2,417,218
2,433,140
Puma Finance, Ltd.
Series 2006-G5, Class A1,
0.384%, 02/21/2038 (P) (S)
Series 2005-P11, Class BA,
4.980%, 08/22/2037 (P)
Series 2004-P10, Class BA,
5.350%, 07/12/2036 (P)
Swan, Series 2006-1E, Class A2
5.062%, 05/12/2037 (P)
The SMHL Programme, Series 2009-3,
Class A1
6.220%, 11/07/2040 (P)
Torrens Trust, Series 2007-1, Class A
5.230%, 10/19/2038 (P)
14,492,615
Ireland - 0.20%
Immeo Residential Finance PLC,
Series 2007-2, Class A
1.333%, 12/15/2016 (P)
EUR
1,515,079
2,042,410
2,042,410
Global Bond Trust (continued)
Shares or
Principal
Amount
Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Netherlands - 0.04%
Atomium Mortgage Finance BV,
Series 2003-I, Class A
1.170%, 07/01/2034 (P)
$
59,860
$
82,700
Delphinus BV, Series 2001-II, Class A1
1.378%, 11/28/2031 (P)
89,022
125,490
167,490
232,444
Dutch Mortgage Portfolio Loans BV,
Series III, Class A
1.336%, 11/20/2035 (P)
440,634
United Kingdom - 3.14%
Alba PLC, Series 2006-2, Class A3A
0.976%, 12/15/2038 (P)
GBP
334,350
454,061
1,872,300
2,596,626
1,872,300
2,295,439
Great Hall Mortgages PLC
Series 2007-1, Class A2A,
0.936%, 03/18/2039 (P)
Series 2007-1, Class A2B,
1.300%, 03/18/2039 (P)
EUR
Series 2006-1, Class A2B,
1.320%, 06/18/2038 (P)
2,597,798
3,223,559
3,600,000
5,107,464
4,500,000
6,394,081
5,183,845
7,063,808
1,609,067
2,504,044
1,683,912
1,997,474
Holmes Master Issuer PLC
Series 2011-1A, Class A3,
2.339%, 10/15/2054 (P) (S)
Series 2010-1A, Class A3,
2.406%, 10/15/2054 (P) (S)
Mansard Mortgages PLC,
Series 2007-2X, Class A1
1.456%, 12/15/2049 (P)
GBP
Newgate Funding PLC, Series 2007-3X,
Class A1
1.406%, 12/15/2050 (P)
RMAC Securities PLC,
Series 2006-NS1X, Class A2C
1.325%, 06/12/2044 (P)
EUR
31,636,556
United States - 9.79%
Adjustable Rate Mortgage Trust,
Series 2005-5, Class 2A1
2.969%, 09/25/2035 (P)
$
201,572
156,062
1,187,470
567,143
112,960
102,085
532,094
325,615
309,168
217,856
1,473,089
1,286,839
3,081,894
1,912,682
2,535,223
2,430,754
American Home Mortgage Assets,
Series 2006-5, Class A1
1.232%, 11/25/2046 (P)
American Home Mortgage
Investment Trust, Series 2004-3,
Class 5A
2.281%, 10/25/2034 (P)
Banc of America Funding Corp.
Series 2005-E , Class 1A1,
0.543%, 05/20/2035 (P)
Series 2006-J, Class 4A1,
5.864%, 01/20/2047 (P)
Banc of America Mortgage
Securities, Inc., Series 2005-B,
Class 2A2
2.849%, 03/25/2035 (P)
BCAP LLC Trust, Series 2006-AA2,
Class A1
0.420%, 01/25/2037 (P)
Bear Stearns Adjustable
Rate Mortgage Trust
Series 2005-2, Class A1,
2.710%, 03/25/2035 (P)
162
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Global Bond Trust (continued)
Shares or
Principal
Amount
Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
United States (continued)
Bear Stearns Adjustable Rate
Mortgage Trust (continued)
Series 2003-6, Class 1A1,
2.773%, 08/25/2033 (P)
$
217,403
$
219,935
Series 2004-2, Class 22A,
2.839%, 05/25/2034 (P)
387,850
371,082
35,510
31,813
206,759
211,985
944,127
907,660
159,322
159,031
130,241
129,195
1,284,511
935,321
2,515,897
1,285,023
1,278,867
776,369
1,560,746
1,213,313
2,650,924
1,764,100
840,618
795,069
920,263
814,600
361,885
310,041
5,600,000
5,877,710
2,978,020
2,965,633
Series 2003-9, Class 2A1,
2.864%, 02/25/2034 (P)
Series 2003-7, Class 6A,
2.875%, 10/25/2033 (P)
Series 2005-2, Class A2,
2.934%, 03/25/2035 (P)
Series 2004-9, Class 22A1,
3.607%, 11/25/2034 (P)
Series 2004-2, Class 23A,
4.137%, 05/25/2034 (P)
Series 2005-12, Class 23A1,
5.675%, 02/25/2036 (P)
Bear Stearns Alt-A Trust
Series 2006-1, Class 21A2,
2.802%, 02/25/2036 (P)
Series 2005-9, Class 24A1,
2.928%, 11/25/2035 (P)
Series 2005-7, Class 22A1,
2.987%, 09/25/2035 (P)
Bear Stearns Structured Products, Inc.,
Series 2007-R6, Class 1A1
2.683%, 01/26/2036 (P)
Citigroup Mortgage Loan Trust, Inc.
Series 2005-6, Class A1,
2.510%, 08/25/2035 (P)
Series 2005-6, Class A2,
2.560%, 08/25/2035 (P)
Series 2006-AR1, Class 1A1,
2.650%, 10/25/2035 (P)
Citigroup/Deutsche Bank Commercial
Mortgage Trust, Series 2007-CD4,
Class A4
5.322%, 12/11/2049
Commercial Mortgage Pass Through
Certificates, Series 2010-C1, Class A1
3.156%, 07/10/2046 (S)
Countrywide Alternative Loan Trust
Series 2007-OA7, Class A1A,
0.430%, 05/25/2047 (P)
2,683,654
1,565,389
879,175
392,898
678,303
398,014
210,770
129,324
175,762
107,818
303,710
269,878
432,362
287,344
302,031
198,972
67,468
51,471
Series 2006-OA9, Class 2A1B,
0.453%, 07/20/2046 (P)
Series 2007-11T1, Class A12,
0.600%, 05/25/2037 (P)
Series 2005-56, Class 2A3,
1.812%, 11/25/2035 (P)
Series 2005-56, Class 2A2,
2.352%, 11/25/2035 (P)
Series 2005-21CB, Class A3,
5.250%, 06/25/2035
Series 2007-7T2, Class A9,
6.000%, 04/25/2037
Series 2007-16CB, Class 5A1,
6.250%, 08/25/2037
Countrywide Home Loan Mortgage
Pass Through Trust
Series 2004-25, Class 1A1,
0.580%, 02/25/2035 (P)
Global Bond Trust (continued)
Shares or
Principal
Amount
Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
United States (continued)
Countrywide Home Loan Mortgage Pass
Through Trust (continued)
Series 2004-25, Class 2A1,
0.590%, 02/25/2035 (P)
$
100,541
$
76,214
Series 2004-12, Class 11A1,
2.984%, 08/25/2034 (P)
120,227
89,101
153,545
147,329
395,870
343,084
152,271
101,604
5,417
5,497
35,726
34,417
544,464
550,742
33,007
34,577
Series 2004-HYB5, Class 2A1,
3.051%, 04/20/2035 (P)
Series 2004-22, Class A3,
3.118%, 11/25/2034 (P)
Countrywide Mortgage Backed
Securities, Series 2005-2, Class 2A1
0.570%, 03/25/2035 (P)
Credit Suisse First Boston
Mortgage Securities Corp.
Series 2002-AR13, Class 3A,
1.962%, 05/25/2032 (P)
Series 2003-AR18, Class 2A3,
2.495%, 07/25/2033 (P)
Series 2003-AR20, Class 2A1,
2.675%, 08/25/2033 (P)
Series 2003-8, Class 5A1,
6.500%, 04/25/2033
Credit Suisse Mortgage Capital
Certificates, Series 2007-C3, Class A2
5.524%, 06/15/2039 (P)
1,032,971
1,056,497
2,600,000
191,662
81,255
81,493
2,140,648
2,116,925
111,794
106,340
28,684
27,053
3,739,935
3,694,727
190,445
187,232
199,017
158,531
111,156
101,860
37,060
32,606
3,707,310
4,126,194
664,657
607,301
382,275
238,133
33,437
28,381
Downey Savings & Loan Association
Mortgage Loan Trust,
Series 2006-AR2, Class 2AB3
0.563%, 11/19/2037 (P)
Federal Home Loan Mortgage Corp.
Series 2752, Class FM,
0.605%, 12/15/2030 (P)
Series T-62, Class 1A1,
1.513%, 10/25/2044 (P)
Federal National Mortgage Association
Series 2004-W2, Class 5AF,
0.600%, 03/25/2044 (P)
Series 2002-W8, Class F,
0.650%, 09/25/2032 (P)
Series 2010-136, Class FA,
0.750%, 12/25/2040 (P)
First Horizon Asset Securities, Inc.
Series 2003-AR4, Class 2A1,
2.708%, 12/25/2033 (P)
Series 2005-AR3, Class 2A1,
2.921%, 08/25/2035 (P)
First Republic Mortgage Loan Trust,
Series 2001-FRB1, Class A
0.605%, 11/15/2031 (P)
GMAC Mortgage Corp. Loan Trust,
Series 2004-AR1, Class 22A
3.025%, 06/25/2034 (P)
Government National Mortgage
Association, Series 2004-68, Class ZC
6.000%, 08/20/2034
Greenpoint Mortgage Funding Trust
Series 2006-AR6, Class A1A,
0.330%, 10/25/2046 (P)
Series 2006-OH1, Class A1,
0.430%, 01/25/2037 (P)
Greenpoint Mortgage Pass-Through
Certificates, Series 2003-1, Class A1
2.940%, 10/25/2033 (P)
163
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Global Bond Trust (continued)
Shares or
Principal
Amount
Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
United States (continued)
GSR Mortgage Loan Trust,
Series 2003-1, Class A2
1.990%, 03/25/2033 (P)
$
170,871
$
171,178
Harborview Mortgage Loan Trust
Series 2006-12, Class 2A2A,
0.443%, 01/19/2038 (P)
898,729
589,325
80,171
64,808
364,563
365,905
123,373
92,853
577,179
537,796
210,074
211,065
944,504
951,945
858,640
681,797
1,698,649
1,620,133
565,637
301,176
79,291
75,671
2,699,443
2,566,804
5,495,374
4,187,557
200,293
162,984
201,846
193,394
2,400,000
2,538,301
3,200,000
3,431,429
1,348,719
1,161,962
Series 2005-4, Class 3A1,
2.936%, 07/19/2035 (P)
Series 2003-1, Class A,
3.025%, 05/19/2033 (P)
Indymac Index Mortgage Loan Trust,
Series 2004-AR11, Class 2A
2.677%, 12/25/2034 (P)
JPMorgan Alternative Loan Trust,
Series 2006-A6, Class 2A1
5.500%, 11/25/2036 (P)
JPMorgan Mortgage Trust
Series 2003-A2, Class 3A1,
2.162%, 11/25/2033 (P)
Series 2007-A1, Class 5A5,
2.967%, 07/25/2035 (P)
Series 2007-A1, Class 5A6,
2.967%, 07/25/2035 (P)
Series 2006-S2, Class 1A3,
5.500%, 07/25/2036
Mastr Adjustable Rate Mortgages Trust,
Series 2007-HF1, Class A1
0.490%, 05/25/2037 (P)
Mellon Residential Funding Corp.,
Series 2000-TBC3, Class A1
0.695%, 12/15/2030 (P)
Merrill Lynch Commercial Trust,
Series 2008-LAQA, Class A1
0.797%, 07/09/2021 (P) (S)
Merrill Lynch Mortgage Investors, Inc.
Series 2005-A10, Class A,
0.460%, 02/25/2036 (P)
Series 2005-A8, Class A3A2,
0.500%, 08/25/2036 (P)
Series 2003-A2, Class 1A1,
2.305%, 02/25/2033 (P)
Merrill Lynch/Countrywide
Commercial Mortgage Trust
Series 2006-3, Class A4,
5.414%, 07/12/2046 (P)
Series 2007-8, Class A3,
5.964%, 08/12/2049 (P)
MLCC Mortgage Investors, Inc.
Series 2005-3, Class 4A,
0.500%, 11/25/2035 (P)
Series 2005-2, Class 1A,
1.707%, 10/25/2035 (P)
1,283,644
1,174,005
14,437,783
14,442,259
4,839,941
4,845,991
794,483
404,150
3,255,273
1,312,936
1,122,285
285,665
NCUA Guaranteed Notes
Series 2010-R2, Class 1A,
0.629%, 11/06/2017 (P)
Series 2010-R1, Class 1A,
0.709%, 10/07/2020 (P)
Residential Accredit Loans, Inc.
Series 2007-QO2, Class A1,
0.400%, 02/25/2047 (P)
Series 2006-QO6, Class A1,
0.430%, 06/25/2046 (P)
Series 2007-QH4, Class A2,
0.480%, 05/25/2037 (P)
Global Bond Trust (continued)
Shares or
Principal
Amount
Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
United States (continued)
Residential Accredit Loans, Inc. (continued)
Series 2006-QA2, Class 2A1,
5.714%, 02/25/2036 (P)
$
992,303
$
535,398
Residential Asset Securitization Trust
Series 2006-R1, Class A2,
0.650%, 01/25/2046 (P)
846,671
388,232
516,479
389,462
216,895
150,979
59,032
51,746
265,285
253,270
220,462
212,546
517,026
469,370
677,755
640,444
850,682
477,838
122,530
113,449
Series 2005-A15, Class 5A1,
5.750%, 02/25/2036
Residential Funding Mortgage
Securities I, Series 2005-SA4,
Class 1A21
3.249%, 09/25/2035 (P)
Sequoia Mortgage Trust
Series 5, Class A,
0.603%, 10/19/2026 (P)
Series 2003-4, Class 2A1,
0.603%, 07/20/2033 (P)
Structured Adjustable Rate
Mortgage Loan Trust
Series 2004-1, Class 4A1,
2.585%, 02/25/2034 (P)
Series 2004-4, Class 3A2,
2.652%, 04/25/2034 (P)
Series 2004-12, Class 7A1,
5.205%, 09/25/2034 (P)
Structured Asset
Mortgage Investments, Inc.
Series 2006-AR5, Class 1A1,
0.460%, 05/25/2046 (P)
Series 2004-AR3, Class 1A2,
0.833%, 07/19/2034 (P)
Thornburg Mortgage Securities Trust
Series 2006-6, Class A1,
0.360%, 11/25/2046 (P)
1,185,285
1,169,845
580,836
577,028
1,197,479
1,123,464
192,000
202,806
164,986
142,445
304,490
256,422
80,204
67,536
851,167
510,716
601,500
391,391
450,773
398,379
155,957
148,923
791,726
783,967
107,164
109,585
Series 2006-4, Class A2B,
0.370%, 07/25/2036 (P)
Series 2003-5, Class 1A,
3.164%, 10/25/2043 (P)
Wachovia Bank Commercial
Mortgage Trust, Series 2006-C28,
Class A4
5.572%, 10/15/2048
WaMu Mortgage PassThrough Certificates
Series 2005-AR6, Class 2A1A,
0.480%, 04/25/2045 (P)
Series 2005-AR15, Class A1A1,
0.510%, 11/25/2045 (P)
Series 2005-AR2, Class 2A1A,
0.560%, 01/25/2045 (P)
Series 2006-AR19, Class 1A,
1.052%, 01/25/2047 (P)
Series 2006-AR9, Class 1A,
1.312%, 08/25/2046 (P)
Series 2002-AR17, Class 1A,
1.512%, 11/25/2042 (P)
Series 2003-AR5, Class A7,
2.696%, 06/25/2033 (P)
Series 2003-AR9, Class 1A6,
2.712%, 09/25/2033 (P)
Series 2002-AR2, Class A,
2.734%, 02/27/2034 (P)
164
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Global Bond Trust (continued)
Shares or
Principal
Amount
Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
United States (continued)
Washington Mutual Alternative Mortgage
Pass-Through Certificates,
Series 2006-AR5, Class 3A
1.252%, 07/25/2046 (P)
Wells Fargo Mortgage Backed
$
587,853
$
265,417
Securities Trust, Series 2005-AR11,
Class 1A1
2.936%, 06/25/2035 (P)
3,121,391
3,128,267
98,635,538
TOTAL COLLATERALIZED MORTGAGE
OBLIGATIONS (Cost $156,183,941)
$
147,247,753
ASSET BACKED SECURITIES - 3.03%
Canada - 0.14%
Ford Auto Securitization Trust,
Series 2009-R1A, Class A2
4.817%, 10/15/2012 (S)
CAD
1,353,548
1,424,486
1,424,486
Cayman Islands - 0.69%
Duane Street CLC, Series 2005-1A,
Class A2
0.562%, 11/08/2017 (P) (S)
$
1,455,563
1,384,103
627,351
615,239
2,365,816
2,274,389
171,138
168,873
2,611,486
2,549,463
Gulf Stream Compass CLO, Ltd.,
Series 2003-1A, Class A
0.841%, 08/27/2015 (P) (S)
Landmark CDO, Ltd., Series 2005-1A,
Class A1L
0.611%, 06/01/2017 (P) (S)
Olympic CLO, Ltd., Series 2004-1A,
Class A1LA
0.743%, 05/15/2016 (P) (S)
Pacifica Cdo, Ltd., Series 2004-4x,
Class A1l
0.663%, 02/15/2017 (P)
6,992,067
Ireland - 0.46%
Aquilae CLO PLC, Series 2006-1X,
Class A
1.469%, 01/17/2023 (P)
EUR
3,596,685
4,627,570
4,627,570
Luxembourg - 0.12%
Penta CLO SA, Series 2007-1X,
Class A1
1.478%, 06/04/2024 (P)
968,307
1,238,867
1,238,867
Netherlands - 0.26%
Globaldrive BV, Series 2009-A, Class A
3.000%, 07/20/2015
1,815,103
2,573,547
2,573,547
United Kingdom - 0.11%
Bumper 2 SA, Series 2009-3, Class A
2.670%, 06/20/2022 (P)
753,192
1,069,985
1,069,985
United States - 1.25%
Access Group, Series 2008-1, Class A
1.603%, 10/27/2025 (P)
$
1,912,644
1,931,664
6,344
5,850
Amortizing Residential Collateral Trust,
Series 2002-BC4, Class A
0.830%, 07/25/2032 (P)
Global Bond Trust (continued)
Shares or
Principal
Amount
Value
ASSET BACKED SECURITIES (continued)
United States (continued)
Amresco Residential Securities,
Series 1999-1, Class A
1.190%, 06/25/2029 (P)
$
27,650
$
23,776
EUR
1,700,000
2,406,300
$
25,884
18,702
392,353
393,022
38,142
35,339
1,283
980
13,177
11,044
39,815
22,100
349,333
336,888
4,367,161
4,219,896
551,875
572,944
90,312
99,648
Citibank Credit Card Issue Trust,
Series 2004-A2, Class A
1.177%, 05/24/2013 (P)
First Alliance Mortgage Loan,
Series 1997-4, Class A3
0.483%, 12/20/2027 (P)
Ford Credit Auto Owner Trust,
Series 2008-C, Class A3
1.675%, 06/15/2012 (P)
GSRPM Mortgage Loan Trust,
Series 2003-1, Class A2
0.950%, 01/25/2032 (P)
Home Equity Asset Trust, Series 2002-1,
Class A4
0.850%, 11/25/2032 (P)
Residential Asset Mortgage
Products, Inc., Series 2002-RS3
0.810%, 06/25/2032 (P)
Residential Asset Securities Corp.,
Series 2002-KS4, Class AIIB
0.750%, 07/25/2032 (P)
Securitized Asset Backed
Receivables LLC Trust,
Series 2007-NC1, Class A2A
0.300%, 12/25/2036 (P)
SLM Student Loan Trust, Series 2009-B,
Class A1
6.255%, 07/15/2042 (P) (S)
Small Business Administration,
Series 2004-10A, Class 1
4.120%, 03/10/2014
Small Business Administration
Participation Certificates,
Series 2000-20K, Class 1
7.220%, 11/01/2020
The Plymouth Rock CLO, Ltd.,
Series 2010-1A, Class A
1.920%, 02/16/2019 (P) (S)
2,500,000
2,507,336
50,398
50,254
Wells Fargo Home Equity Trust,
Series 2005-2, Class AI1A
0.480%, 10/25/2035 (P)
12,635,743
TOTAL ASSET BACKED SECURITIES (Cost $29,823,739)
$
30,562,265
TERM LOANS (M) - 0.48%
Germany - 0.31%
Kabel Deutschland Holding AG
4.950%, 12/03/2016
EUR
2,200,000
3,130,089
3,130,089
United States - 0.17%
Ford Motor Company
2.970%, 12/15/2013
$
1,734,131
1,732,223
TOTAL TERM LOANS (Cost $4,637,206)
$
4,862,312
$
1,805,872
PREFERRED SECURITIES - 0.20%
United States - 0.20%
DG Funding Trust (S)
236
165
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Global Bond Trust (continued)
Shares or
Principal
Amount
Value
PREFERRED SECURITIES (continued)
United States (continued)
SLM Corp.
9,800
$
210,504
2,016,376
TOTAL PREFERRED SECURITIES (Cost $2,611,779)
$
2,016,376
$
34,978
SHORT-TERM INVESTMENTS - 2.36%
U.S. Government & Agency
Obligations* - 1.66%
U.S. Treasury Bill
0.132%, 09/08/2011 (F)
0.138%, 09/15/2011 (F)
$
35,000
8,308,000
8,301,937
0.158%, 09/01/2011 (F)
732,000
731,426
0.173%, 08/04/2011 (F)
3,235,000
3,232,220
0.178%, 07/28/2011 (F)
3,454,000
3,451,221
0.183%, 07/07/2011 (F)
320,000
319,719
0.183%, 07/14/2011 (F)
662,000
661,435
16,732,936
Repurchase Agreement - 0.70%
Credit Suisse Tri-Party Repurchase
Agreement dated 03/31/2011 at
0.140% to be repurchased at
$5,100,020 on 04/01/2011,
collateralized by $5,135,000
U.S. Treasury Notes, 1.375% due
05/15/2013 (valued at $5,222,504,
including interest)
5,100,000
5,100,000
1,961,000
1,961,000
Repurchase Agreement with State
Street Corp. dated 03/31/2011 at
0.010% to be repurchased at
$1,961,001 on 04/01/2011,
collateralized by $1,990,000
U.S. Treasury Notes, 0.750% due
05/31/2012 (valued at $2,002,438,
including interest)
7,061,000
TOTAL SHORT-TERM INVESTMENTS (Cost $23,793,936)
$
23,793,936
$
1,051,279,063
Total Investments (Global Bond Trust)
(Cost $1,039,076,532) - 104.32%
Other assets and liabilities, net - (4.32%)
(43,506,411)
TOTAL NET ASSETS - 100.00%
$
1,007,772,652
Growth Equity Trust
Shares or
Principal
Amount
Value
COMMON STOCKS - 99.40%
Consumer Discretionary - 15.72%
Auto Components - 0.90%
TRW Automotive Holdings Corp. (I)
78,420
$
4,319,374
Automobiles - 1.40%
Ford Motor Company (I)
450,180
6,712,184
Las Vegas Sands Corp. (I)
54,880
2,317,034
Marriott International, Inc., Class A (L)
185,630
6,604,715
McDonald’s Corp.
77,040
5,861,974
Hotels, Restaurants & Leisure - 3.08%
14,783,723
Internet & Catalog Retail - 3.95%
Amazon.com, Inc. (I)
65,570
11,811,124
Growth Equity Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Internet & Catalog Retail (continued)
Netflix, Inc. (I)
8,600
priceline.com, Inc. (I)
10,100
$
2,041,038
5,115,044
18,967,206
Media - 1.48%
The Walt Disney Company
164,850
7,103,387
Kohl’s Corp.
81,490
4,322,230
Target Corp.
105,960
5,299,060
Multiline Retail - 2.00%
9,621,290
Specialty Retail - 1.69%
Limited Brands, Inc.
161,330
5,304,530
Tiffany & Company
45,870
2,818,253
8,122,783
Textiles, Apparel & Luxury Goods - 1.22%
NIKE, Inc., Class B
77,140
5,839,498
75,469,445
Consumer Staples - 5.81%
Beverages - 4.72%
Anheuser-Busch InBev NV, ADR (L)
106,630
6,096,037
Coca-Cola Enterprises, Inc.
176,500
4,818,450
Hansen Natural Corp. (I)
76,250
4,592,538
The Coca-Cola Company
108,140
7,175,089
22,682,114
Food & Staples Retailing - 1.09%
Costco Wholesale Corp.
70,970
5,203,520
27,885,634
Energy - 10.16%
Energy Equipment & Services - 5.57%
Halliburton Company
101,490
5,058,262
National Oilwell Varco, Inc.
114,220
9,054,219
Schlumberger, Ltd.
135,370
12,624,606
26,737,087
Oil, Gas & Consumable Fuels - 4.59%
Concho Resources, Inc. (I)
77,390
8,303,947
Noble Energy, Inc.
53,980
5,217,167
Pioneer Natural Resources Company
83,780
8,538,858
22,059,972
48,797,059
Financials - 5.51%
Capital Markets - 3.84%
BlackRock, Inc.
13,990
2,812,130
Franklin Resources, Inc.
28,900
3,614,812
T. Rowe Price Group, Inc. (L)
125,720
8,350,322
The Charles Schwab Corp.
204,450
3,686,234
18,463,498
Consumer Finance - 0.67%
American Express Company
70,750
3,197,900
38,700
4,780,998
Diversified Financial Services - 1.00%
IntercontinentalExchange, Inc. (I)
26,442,396
Health Care - 10.12%
Biotechnology - 1.13%
Alexion Pharmaceuticals, Inc. (I)(L)
24,200
2,388,056
Celgene Corp. (I)
52,980
3,047,939
5,435,995
166
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Growth Equity Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Health Care Equipment & Supplies - 0.89%
Intuitive Surgical, Inc. (I)(L)
12,800
$
4,268,288
Health Care Providers & Services - 2.54%
AmerisourceBergen Corp.
125,990
4,984,164
Express Scripts, Inc. (I)
86,420
4,805,816
HCA Holdings, Inc. (I)
71,310
2,415,270
12,205,250
Health Care Technology - 0.69%
SXC Health Solutions Corp. (I)
60,230
3,300,604
139,090
6,228,450
Allergan, Inc.
77,440
5,499,789
Perrigo Company
51,100
4,063,472
Shire PLC, ADR (L)
55,030
4,793,113
Life Sciences Tools & Services - 1.30%
Agilent Technologies, Inc. (I)
Pharmaceuticals - 3.57%
Teva Pharmaceutical Industries, Ltd., SADR
55,740
2,796,476
17,152,850
48,591,437
Industrials - 15.88%
Aerospace & Defense - 2.04%
Precision Castparts Corp.
66,480
9,784,526
116,190
5,825,767
AMETEK, Inc.
115,050
5,047,244
Emerson Electric Company
89,340
5,220,136
Rockwell Automation, Inc. (L)
93,510
8,850,722
Air Freight & Logistics - 1.21%
Expeditors International of Washington, Inc.
Electrical Equipment - 3.98%
19,118,102
Machinery - 7.45%
Cummins, Inc.
53,600
5,875,632
Deere & Company
178,080
17,254,171
Joy Global, Inc. (L)
50,840
5,023,500
PACCAR, Inc. (L)
145,910
7,638,389
35,791,692
Road & Rail - 1.20%
CSX Corp. (L)
73,270
5,759,022
76,279,109
Information Technology - 28.99%
Communications Equipment - 4.39%
F5 Networks, Inc. (I)
31,630
3,244,289
Juniper Networks, Inc. (I)
171,490
7,216,299
QUALCOMM, Inc.
193,450
10,606,864
21,067,452
Computers & Peripherals - 9.65%
Apple, Inc. (I)
78,830
27,468,314
EMC Corp. (I)
343,570
9,121,784
Hewlett-Packard Company
181,290
7,427,451
NetApp, Inc. (I)(L)
48,700
2,346,366
46,363,915
Electronic Equipment, Instruments & Components - 0.57%
Corning, Inc.
133,650
2,757,200
22,190
13,008,000
57,880
4,711,432
Internet Software & Services - 2.71%
Google, Inc., Class A (I)
IT Services - 2.11%
Cognizant Technology
Solutions Corp., Class A (I)
Growth Equity Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
IT Services (continued)
Visa, Inc., Class A
73,510
$
5,411,806
10,123,238
Semiconductors & Semiconductor Equipment - 1.82%
Broadcom Corp., Class A (I)
151,270
5,957,013
Marvell Technology Group, Ltd. (I)
179,410
2,789,826
8,746,839
Software - 7.74%
Autodesk, Inc. (I)
97,830
4,315,281
Check Point Software Technologies, Ltd. (I)(L)
153,310
7,826,476
Citrix Systems, Inc. (I)
50,210
3,688,427
Intuit, Inc. (I)
82,650
4,388,715
Oracle Corp.
410,080
13,684,370
Salesforce.com, Inc. (I)
24,490
3,271,374
37,174,643
139,241,287
Materials - 5.70%
Chemicals - 3.67%
E.I. du Pont de Nemours & Company
103,460
5,687,196
FMC Corp. (L)
58,030
4,928,488
Potash Corp. of Saskatchewan, Inc.
118,800
7,000,884
17,616,568
Metals & Mining - 2.03%
Goldcorp, Inc.
96,670
4,814,166
Walter Energy, Inc.
36,640
4,962,155
9,776,321
27,392,889
Telecommunication Services - 1.51%
Wireless Telecommunication Services - 1.51%
American Tower Corp., Class A (I)
140,210
TOTAL COMMON STOCKS (Cost $378,353,991)
7,265,677
$
477,364,933
SECURITIES LENDING COLLATERAL - 9.23%
John Hancock Collateral
Investment Trust, 0.2867% (W)(Y)
4,428,311
44,313,663
TOTAL SECURITIES LENDING
COLLATERAL (Cost $44,314,544)
SHORT-TERM INVESTMENTS - 0.10%
Repurchase Agreement - 0.10%
Repurchase Agreement with State Street Corp.
dated 03/31/2011 at 0.010% to be
repurchased at $506,000 on 04/01/2011,
collateralized by $515,000 Federal National
Mortgage Association, 2.000% due
$
44,313,663
07/14/2014 (valued at $518,219,
including interest)
$
506,000
TOTAL SHORT-TERM INVESTMENTS (Cost $506,000)
$
506,000
$
506,000
$
522,184,596
Total Investments (Growth Equity Trust)
(Cost $423,174,535) - 108.73%
Other assets and liabilities, net - (8.73%)
(41,945,868)
TOTAL NET ASSETS - 100.00%
$
480,238,728
167
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Health Sciences Trust
Shares or
Principal
Amount
Value
COMMON STOCKS - 99.62%
Consumer Discretionary - 0.19%
Internet & Catalog Retail - 0.19%
drugstore.com, Inc. (I)
78,300
$
301,455
Consumer Staples - 0.76%
Food & Staples Retailing - 0.76%
CVS Caremark Corp.
26,300
902,616
Raia SA (I)
18,600
290,509
1,193,125
1,193,125
Health Care - 96.17%
Biotechnology - 33.56%
Achillion Pharmaceuticals, Inc. (I)
28,100
200,915
Acorda Therapeutics, Inc. (I)
26,561
616,215
Alexion Pharmaceuticals, Inc. (E)(I)
100,920
9,958,786
Alkermes, Inc. (I)
114,000
1,476,300
Allos Therapeutics, Inc. (I)
37,200
117,924
AMAG Pharmaceuticals, Inc. (I)
22,000
367,400
Amarin Corp. PLC, ADR (I)
47,500
346,750
Amgen, Inc. (I)
49,000
2,619,050
Amylin Pharmaceuticals, Inc. (I)
28,900
328,593
Anacor Pharmaceuticals, Inc. (I)
36,300
251,196
Ardea Biosciences, Inc. (I)
16,900
484,861
Arqule, Inc. (I)
15,700
112,412
Basilea Pharmaceutica AG (I)
1,397
100,686
Biocon, Ltd.
17,700
136,367
BioCryst Pharmaceuticals, Inc. (I)
18,800
71,252
Biogen Idec, Inc. (I)
3,919
287,615
BioMarin Pharmaceutical, Inc. (I)
71,500
1,796,795
Celgene Corp. (I)
59,466
3,421,079
Cephalon, Inc. (I)
28,200
2,136,996
Cubist Pharmaceuticals, Inc. (I)
33,600
848,064
Dendreon Corp. (I)
26,600
995,638
Dyadic International, Inc. (I)
18,900
36,855
Exelixis, Inc. (I)
157,000
1,774,100
Gilead Sciences, Inc. (I)
111,396
4,727,646
Halozyme Therapeutics, Inc. (I)
16,700
112,057
Human Genome Sciences, Inc. (E)(I)
88,000
2,415,600
Idenix Pharmaceuticals, Inc. (I)
145,704
483,737
Incyte Corp. (I)
203,300
3,222,305
Infinity Pharmaceuticals, Inc. (I)
21,975
129,213
Intercell AG (I)
7,274
92,823
InterMune, Inc. (I)
44,900
2,118,831
Ironwood Pharmaceuticals, Inc. (I)
7,000
98,000
Lexicon Pharmaceuticals, Inc. (I)
42,900
72,072
Micromet, Inc. (I)
22,300
125,103
Momenta Pharmaceuticals, Inc. (I)
26,600
421,610
Neurocrine Biosciences, Inc. (I)
65,100
494,109
NPS Pharmaceuticals, Inc. (I)
5,300
50,721
Onyx Pharmaceuticals, Inc. (I)
20,038
704,937
Pharmacyclics, Inc. (I)
68,700
404,643
Pharmasset, Inc. (E)(I)
25,200
1,983,492
Poniard Pharmaceuticals, Inc. (I)
97,645
41,890
Regeneron Pharmaceuticals, Inc. (I)
40,900
1,838,046
Rigel Pharmaceuticals, Inc. (I)
15,300
108,783
Seattle Genetics, Inc. (I)
43,500
677,295
Sinovac Biotech, Ltd. (I)
35,700
161,721
Swedish Orphan Biovitrum AB (I)
61,492
281,828
Targacept, Inc. (I)
4,200
111,678
Theravance, Inc. (I)
36,100
874,342
Vertex Pharmaceuticals, Inc. (I)
40,604
1,946,150
Vical, Inc. (I)
83,800
248,048
Ym Biosciences, Inc. (I)
50,100
132,264
52,564,793
Health Sciences Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Health Care Equipment & Supplies - 13.90%
ArthroCare Corp. (I)
16,800
Baxter International, Inc.
34,100
$
560,112
1,833,557
C.R. Bard, Inc.
4,900
486,619
Conceptus, Inc. (I)
55,800
806,310
Covidien PLC
66,125
3,434,533
DENTSPLY International, Inc. (E)
37,650
1,392,674
Dynavox, Inc., Class A (I)
19,100
105,432
Edwards Lifesciences Corp. (E)(I)
33,400
2,905,800
Enteromedics, Inc. (I)
56,850
156,906
HeartWare International, Inc. (I)
17,500
1,496,775
Hill-Rom Holdings, Inc.
2,800
106,344
IDEXX Laboratories, Inc. (I)
23,300
1,799,226
Insulet Corp. (I)
26,600
548,492
Intuitive Surgical, Inc. (I)
800
266,768
Nobel Biocare Holding AG
8,362
173,337
Polymer Company, Ltd.
96,000
273,788
Sonova Holding AG
1,963
174,944
Straumann Holding AG
1,200
308,523
Stryker Corp.
47,500
2,888,000
Thoratec Corp. (I)
6,900
178,917
Tornier Bv (I)
4,700
87,326
Zimmer Holdings, Inc. (I)
29,400
1,779,582
Shandong Weigao Group Medical
21,763,965
Health Care Providers & Services - 21.72%
AMERIGROUP Corp. (I)
43,400
2,788,450
AmerisourceBergen Corp.
56,000
2,215,360
Amil Participacoes SA
7,000
82,277
Bangkok Dusit Medical Service PCL
493,300
844,049
Catalyst Health Solutions, Inc. (I)
16,800
939,624
Centene Corp. (I)
58,700
1,935,926
Community Health Systems, Inc. (I)
38,100
1,523,619
DaVita, Inc. (I)
16,795
1,436,140
Express Scripts, Inc. (E)(I)
41,800
2,324,498
Fleury SA
33,600
499,066
Fortis Healthcare, Ltd. (I)
24,761
84,054
Fresenius AG
3,353
310,238
Fresenius Medical Care AG
9,807
658,454
HCA Holdings, Inc. (I)
19,600
663,852
Associates, Inc., Class A (I)
78,500
855,650
Henry Schein, Inc. (I)
30,600
2,147,202
HMS Holdings Corp. (I)
7,900
646,615
Laboratory Corp. of America Holdings (I)
3,600
331,668
LCA-Vision, Inc. (I)
35,600
240,300
McKesson Corp.
38,600
3,051,330
MEDNAX, Inc. (I)
13,400
892,574
Odontoprev SA
11,300
184,659
Produtos Farmaceuticos SA
47,100
442,829
PSS World Medical, Inc. (I)
7,600
206,340
Sinopharm Group Company, Ltd.
56,000
199,305
Tenet Healthcare Corp. (I)
95,500
711,475
Triple-S Management Corp., Class B (I)
28,000
576,240
UnitedHealth Group, Inc.
48,700
2,201,240
Universal Health Services, Inc., Class B
30,850
1,524,299
WellCare Health Plans, Inc. (I)
25,200
1,057,140
WellPoint, Inc.
35,100
2,449,629
Health Management
Profarma Distribuidora de
34,024,102
Health Care Technology - 3.15%
Allscripts-Misys Healthcare Solutions, Inc. (I)
35,300
740,947
athenahealth, Inc. (I)
16,300
735,619
Cerner Corp. (I)
6,450
717,240
168
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Health Sciences Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Health Care Technology (continued)
SXC Health Solutions Corp. (I)
50,100
$
2,745,480
4,939,286
Life Sciences Tools & Services - 5.55%
Agilent Technologies, Inc. (I)
2,000
89,560
BG Medicine, Inc. (I)
16,100
124,131
Bruker Corp. (I)
35,000
729,750
Covance, Inc. (I)
30,900
1,690,848
Illumina, Inc. (I)
44,550
3,121,619
Pacific Biosciences of California, Inc. (I)(R)
10,950
151,283
Thermo Fisher Scientific, Inc. (I)
23,800
1,322,090
Waters Corp. (I)
16,800
1,459,920
8,689,201
Pharmaceuticals - 18.29%
Aegerion Pharmaceuticals, Inc. (I)
8,500
140,845
Allergan, Inc.
8,400
596,568
Auxilium Pharmaceuticals, Inc. (I)
10,700
229,729
AVANIR Pharmaceuticals, Class A (I)
313,800
1,280,304
Bayer AG
3,987
308,736
Cadence Pharmaceuticals, Inc. (I)
47,300
435,633
Cardiome Pharma Corp. (I)
35,600
152,368
China Medical System Holdings, Ltd.
744,800
729,209
Daiichi Sankyo Company, Ltd.
21,000
405,458
DepoMed, Inc. (I)
25,200
253,008
Elan Corp. PLC (I)
143,300
985,904
GlaxoSmithKline Pharmaceuticals, Ltd.
2,858
129,184
Hikma Pharmaceuticals PLC
16,863
199,640
Hospira, Inc. (I)
11,200
618,240
Impax Laboratories, Inc. (I)
24,400
620,980
Jazz Pharmaceuticals, Inc. (I)
15,400
490,490
Lijun International
Pharmaceutical Holding, Ltd.
140,000
39,174
MAP Pharmaceuticals, Inc. (I)
19,600
270,284
Medicis Pharmaceutical Corp., Class A
2,800
89,712
Merck & Company, Inc. (E)
64,409
2,126,141
Nektar Therapeutics (I)
21,000
198,870
Newron Pharmaceuticals SpA (I)
6,333
46,153
Novo Nordisk A/S
5,115
641,122
Optimer Pharmaceuticals, Inc. (I)
15,605
184,607
Pacira Pharmaceuticals, Inc. (I)
14,000
99,400
Par Pharmaceutical Companies, Inc. (I)
2,200
68,376
Pfizer, Inc.
50,501
1,025,675
Ranbaxy Laboratories, Ltd. (I)
23,000
229,725
Roche Holdings AG
9,640
1,376,992
Salix Pharmaceuticals, Ltd. (I)
11,200
392,336
Sanofi-Aventis SA
2,200
154,510
Sawai Pharmaceutical Company, Ltd.
10,700
923,611
Shire PLC
19,581
568,563
Shire PLC, ADR
7,800
679,380
Simcere Pharmaceutical Group (I)
26,600
343,672
Sun Pharmaceutical Industries, Ltd.
17,000
167,171
Teva Pharmaceutical Industries, Ltd., SADR
34,765
1,744,160
The Medicines Company (I)
152,855
2,490,008
Towa Pharmaceutical Company, Ltd.
11,800
596,526
UCB SA
8,234
312,903
(Toronto Exchange)
112,780
5,617,572
Vectura Group PLC (I)
98,550
96,437
Warner Chilcott PLC, Class A
11,200
260,736
XenoPort, Inc. (I)
56,100
332,673
Valeant Pharmaceuticals International, Inc.
28,652,785
150,634,132
Health Sciences Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Information Technology - 1.68%
Internet Software & Services - 0.69%
WebMD Health Corp. (I)
20,200
$
1,079,084
IT Services - 0.22%
MAXIMUS, Inc.
4,200
340,914
Software - 0.77%
Nuance Communications, Inc. (I)
61,700
1,206,852
2,626,850
Materials - 0.82%
Chemicals - 0.82%
Monsanto Company
TOTAL COMMON STOCKS (Cost $125,525,121)
17,700
1,279,002
$
156,034,564
WARRANTS - 0.04%
Alexza Pharmaceuticals, Inc. (Expiration date
10/05/2016; Strike price $2.77)
14,130
6,710
10,500
30,789
Cadence Pharmaceuticals, Inc. (Expiration date
02/18/2014; Strike price $7.84)
Dyadic International, Inc. (Expiration Date:
04/29/2011; Strike Price $6.33)
6,000
0
EnteroMedics, Inc. (Expiration date
02/20/2013; Strike price $8.28)
96,200
1,027
30,600
36,455
20,411
0
21,000
0
120,392
0
11,721
0
EnteroMedics, Inc. (Expiration Date:
06/13/2016; Strike Price $2.19)
Favrille, Inc. (Expiration Date: 04/29/2011;
Strike price $5.26)
Mannkind Corp. (Expiration Date: 04/29/2011;
Strike Price $12.28)
Poniard Pharmaceuticals, Inc. (Expiration
Date: 04/26/2011; Strike Price $4.62)
Poniard Pharmaceuticals, Inc. (Expiration
Date: 04/29/2011; Strike Price $4.62)
TOTAL WARRANTS (Cost $18,180)
$
74,981
$
450,763
SHORT-TERM INVESTMENTS - 1.09%
Money Market Funds* - 1.09%
State Street Institutional U.S. Government
Money Market Fund, 0.0248%
$
T. Rowe Price Prime Reserve Fund, 0.1942%
1,254,456
450,763
1,254,456
1,705,219
TOTAL SHORT-TERM INVESTMENTS (Cost $1,705,219)
$
1,705,219
$
157,814,764
Total Investments (Health Sciences Trust)
(Cost $127,248,520) - 100.75%
Other assets and liabilities, net - (0.75%)
(1,182,003)
TOTAL NET ASSETS - 100.00%
$
156,632,761
Heritage Trust
Shares or
Principal
Amount
Value
COMMON STOCKS - 98.71%
Consumer Discretionary - 19.39%
Auto Components - 0.94%
BorgWarner, Inc. (I)(L)
17,400
$
1,386,606
Automobiles - 0.54%
Harley-Davidson, Inc.
18,800
169
798,812
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Heritage Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Diversified Consumer Services - 0.57%
Weight Watchers International, Inc.
12,062
$
845,546
Hotels, Restaurants & Leisure - 4.34%
Chipotle Mexican Grill, Inc. (I)(L)
6,000
1,634,220
Panera Bread Company, Class A (I)
9,404
1,194,308
Royal Caribbean Cruises, Ltd. (I)
87,400
3,606,124
6,434,652
Household Durables - 0.13%
KB Home (L)
15,900
197,796
Netflix, Inc. (I)(L)
18,400
4,366,872
priceline.com, Inc. (I)
6,200
3,139,928
Internet & Catalog Retail - 5.07%
7,506,800
Leisure Equipment & Products - 0.24%
Brunswick Corp.
13,769
350,146
56,300
1,800,474
Dick’s Sporting Goods, Inc. (I)
10,600
423,788
O’Reilly Automotive, Inc. (I)
45,900
2,637,414
PetSmart, Inc.
43,000
1,760,850
Williams-Sonoma, Inc. (L)
36,000
1,458,000
Media - 1.22%
Imax Corp. (I)
Specialty Retail - 4.24%
6,280,052
Textiles, Apparel & Luxury Goods - 2.10%
Fossil, Inc. (I)
16,600
1,554,590
Lululemon Athletica, Inc. (I)(L)
17,500
1,558,375
3,112,965
28,713,849
Consumer Staples - 5.47%
Beverages - 0.57%
Hansen Natural Corp. (I)
14,100
849,243
Costco Wholesale Corp.
12,800
938,496
Whole Foods Market, Inc.
47,100
3,103,890
Food & Staples Retailing - 2.73%
4,042,386
Food Products - 1.43%
Mead Johnson Nutrition Company
23,400
1,355,562
The J.M. Smucker Company
10,700
763,873
2,119,435
Household Products - 0.74%
Church & Dwight Company, Inc.
13,700
1,086,958
8,098,022
Energy - 7.94%
Energy Equipment & Services - 4.61%
Atwood Oceanics, Inc. (I)
17,100
793,953
Dril-Quip, Inc. (I)
10,400
821,912
FMC Technologies, Inc. (I)
13,800
1,303,824
McDermott International, Inc. (I)
49,000
1,244,110
National Oilwell Varco, Inc.
33,700
2,671,399
6,835,198
Oil, Gas & Consumable Fuels - 3.33%
Concho Resources, Inc. (I)
22,300
2,392,790
Linn Energy LLC
18,500
720,205
Pioneer Natural Resources Company (L)
7,200
733,824
SandRidge Energy, Inc. (I)(L)
84,500
1,081,600
4,928,419
11,763,617
Heritage Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Financials - 5.99%
Capital Markets - 2.28%
KKR & Company LP
50,300
Lazard, Ltd., Class A
38,600
$
825,423
1,604,988
Raymond James Financial, Inc.
24,900
952,176
3,382,587
Commercial Banks - 0.49%
East West Bancorp, Inc.
33,000
724,680
71,300
1,719,756
CB Richard Ellis Group, Inc., Class A (I)
85,300
2,277,510
Jones Lang LaSalle, Inc.
7,700
767,998
Consumer Finance - 1.16%
Discover Financial Services
Real Estate Management & Development - 2.06%
3,045,508
8,872,531
Health Care - 13.62%
Biotechnology - 3.42%
Alexion Pharmaceuticals, Inc. (I)(L)
25,100
2,476,868
United Therapeutics Corp. (I)
20,100
1,347,102
Vertex Pharmaceuticals, Inc. (I)(L)
25,800
1,236,594
5,060,564
Health Care Equipment & Supplies - 2.54%
C.R. Bard, Inc. (L)
19,500
1,936,545
Varian Medical Systems, Inc. (I)(L)
27,000
1,826,280
3,762,825
Health Care Providers & Services - 1.36%
Express Scripts, Inc. (I)
36,100
2,007,521
Allscripts-Misys Healthcare Solutions, Inc. (I)
34,800
730,452
SXC Health Solutions Corp. (I)
54,997
3,013,836
Health Care Technology - 2.53%
3,744,288
Life Sciences Tools & Services - 3.08%
Agilent Technologies, Inc. (I)
24,600
1,101,588
Illumina, Inc. (I)(L)
26,700
1,870,869
Life Technologies Corp. (I)
15,500
812,510
Mettler-Toledo International, Inc. (I)
4,500
774,000
4,558,967
Pharmaceuticals - 0.69%
Shire PLC, ADR
11,800
1,027,780
20,161,945
Industrials - 18.52%
Aerospace & Defense - 3.11%
BE Aerospace, Inc. (I)
84,172
2,990,631
TransDigm Group, Inc. (I)
19,300
1,617,919
4,608,550
Commercial Services & Supplies - 1.00%
Stericycle, Inc. (I)
16,700
1,480,789
Foster Wheeler AG (I)
24,700
929,214
KBR, Inc.
21,700
819,609
Construction & Engineering - 1.18%
1,748,823
Electrical Equipment - 3.24%
Cooper Industries PLC
26,800
1,739,320
Polypore International, Inc. (I)
12,917
743,761
Rockwell Automation, Inc.
24,400
2,309,460
4,792,541
170
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Heritage Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Machinery - 6.69%
AGCO Corp. (I)(L)
33,100
Chart Industries, Inc. (I)
16,300
$
1,819,507
897,152
Cummins, Inc.
18,800
2,060,856
Deere & Company
8,200
794,498
Joy Global, Inc.
17,200
1,699,532
Meritor, Inc. (I)
26,872
456,018
The Manitowoc Company, Inc. (L)
47,900
1,048,052
Titan International, Inc.
5,051
134,407
WABCO Holdings, Inc. (I)
16,089
991,726
9,901,748
Road & Rail - 1.41%
J.B. Hunt Transport Services, Inc.
22,600
1,026,492
Kansas City Southern (I)
19,500
1,061,775
2,088,267
Trading Companies & Distributors - 1.89%
Fastenal Company (L)
33,000
2,139,390
WESCO International, Inc. (I)
10,500
656,250
2,795,640
27,416,358
Information Technology - 20.34%
Communications Equipment - 1.48%
Aruba Networks, Inc. (I)
23,600
798,624
F5 Networks, Inc. (I)
13,500
1,384,695
2,183,319
Computers & Peripherals - 2.08%
Apple, Inc. (I)
8,000
2,787,600
NetApp, Inc. (I)
6,000
289,080
3,076,680
Electronic Equipment, Instruments & Components - 2.42%
Amphenol Corp., Class A
17,100
930,069
Jabil Circuit, Inc.
62,100
1,268,703
Trimble Navigation, Ltd. (I)
27,500
1,389,850
3,588,622
Internet Software & Services - 4.27%
Baidu, Inc., SADR (I)
10,800
1,488,348
OpenTable, Inc. (I)
8,600
914,610
SAVVIS, Inc. (I)
21,700
804,853
VeriSign, Inc.
61,000
2,208,810
WebMD Health Corp. (I)
16,940
904,935
6,321,556
IT Services - 1.82%
Alliance Data Systems Corp. (I)
3,400
292,026
29,600
2,409,440
Cognizant Technology
Solutions Corp., Class A (I)
2,701,466
Semiconductors & Semiconductor Equipment - 4.39%
ARM Holdings PLC
94,400
879,868
Broadcom Corp., Class A (I)
17,400
685,212
Cavium Networks, Inc. (I)(L)
35,100
1,577,043
Cypress Semiconductor Corp. (I)
41,000
794,580
OmniVision Technologies, Inc. (I)
27,000
959,310
Skyworks Solutions, Inc. (I)
27,400
888,308
Veeco Instruments, Inc. (I)(L)
14,000
711,760
6,496,081
Software - 3.88%
Check Point Software Technologies, Ltd. (I)
14,900
760,645
Citrix Systems, Inc. (I)
21,468
1,577,039
Intuit, Inc. (I)
20,000
1,062,000
Heritage Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Software (continued)
Salesforce.com, Inc. (I)
17,600
$
2,351,008
5,750,692
30,118,416
Materials - 4.26%
Chemicals - 1.89%
Albemarle Corp.
34,500
2,062,065
CF Industries Holdings, Inc.
5,400
738,666
2,800,731
Containers & Packaging - 1.47%
Crown Holdings, Inc. (I)
37,500
1,446,750
Rock-Tenn Company, Class A (L)
10,500
728,175
2,174,925
Metals & Mining - 0.90%
Cliffs Natural Resources, Inc.
13,600
1,336,608
6,312,264
Telecommunication Services - 2.54%
Wireless Telecommunication Services - 2.54%
NII Holdings, Inc. (I)
29,700
1,237,599
SBA Communications Corp., Class A (I)
63,624
2,524,600
3,762,199
3,762,199
Utilities - 0.64%
Gas Utilities - 0.64%
National Fuel Gas Company
12,800
TOTAL COMMON STOCKS (Cost $113,142,893)
947,200
$
146,166,401
SECURITIES LENDING COLLATERAL - 13.40%
John Hancock Collateral
Investment Trust, 0.2867% (W)(Y)
1,983,432
19,848,010
TOTAL SECURITIES LENDING
COLLATERAL (Cost $19,848,560)
$
19,848,010
$
166,014,411
Total Investments (Heritage Trust)
(Cost $132,991,453) - 112.11%
Other assets and liabilities, net - (12.11%)
(17,938,616)
TOTAL NET ASSETS - 100.00%
$
148,075,795
High Income Trust
Shares or
Principal
Amount
Value
CORPORATE BONDS - 42.33%
Consumer Discretionary - 18.74%
Adelphia Communications Corp.,
Escrow Certificates
7.750%, 01/15/2049 (I)
$
3,000,000 $
52,500
9.875%, 03/01/2049 (I)
2,050,000
35,875
10.250%, 11/01/2049 (I)
1,025,000
17,938
1,400,000
1,519,000
1,500,000
1,629,375
1,950,000
2,169,375
660,350
660,350
Allison Transmission, Inc.
11.000%, 11/01/2015 (S)
Allison Transmission, Inc., PIK
11.250%, 11/01/2015 (S)
Cablevision Systems Corp.
8.625%, 09/15/2017
Canadian Satellite Radio Holdings, Inc.
0.180%, 09/14/2014
171
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
High Income Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Consumer Discretionary (continued)
Canadian Satellite Radio
Holdings, Inc. (continued)
1.500%, 02/14/2016 (P)
$
714,157
$
714,157
CCH II LLC/CCH II Capital Corp.
13.500%, 11/30/2016
500,000
598,750
2,977,027
2,768,635
4,004,390
0
2,500,000
2,662,500
Clear Channel Communications, Inc., PIK
11.000%, 08/01/2016
Fontainebleau Las Vegas Holdings LLC, PIK
12.500%, 06/01/2022 (H)
MTR Gaming Group, Inc.
12.625%, 07/15/2014
12,828,455
Energy - 1.59%
Dominion Petroleum Acquisitions
8.500%, 10/01/2011 (R)
1,079,442
1,090,763
7.500%, 08/01/2012
1,225,000
1,305,726
8.125%, 01/15/2020
550,000
629,181
1,000,000
1,041,250
Financials - 4.35%
Ford Motor Credit Company LLC
Realogy Corp.
12.000%, 04/15/2017 (S)
2,976,157
Industrials - 6.01%
GOL Finance
8.750%, (S)
2,000,000
1,945,000
6.625%, 02/15/2023 (I)
15,810,000
0
7.625%, 11/15/2023 (I)
8,965,000
11,117
01/16/2017 (I)
4,640,000
0
1,964,160
2,160,576
Northwest Airlines, Inc., Escrow Certificates
United Air Lines, Inc.
12.750%, 07/15/2012
4,116,693
Materials - 6.87%
NewPage Corp.
11.375%, 12/31/2014
PE Paper Escrow GmbH
1,350,000
1,351,688
12.000%, 08/01/2014 (S)
930,000
1,069,500
2,200,000
220
2,000,000
1,820,000
419,000
457,758
Pope & Talbot, Inc.
8.375%, 06/01/2013 (H)
Sappi Papier Holding AG
7.500%, 06/15/2032 (S)
Verso Paper Holdings LLC/Verso Paper, Inc.
11.500%, 07/01/2014
4,699,166
Telecommunication Services - 4.77%
Digicel Group, Ltd.
8.875%, 01/15/2015 (S)
865,000
900,898
620,000
657,200
1,565,000
1,709,763
Digicel, Ltd.
8.250%, 09/01/2017 (S)
Intelsat Bermuda, Ltd.
11.250%, 02/04/2017
3,267,861
TOTAL CORPORATE BONDS (Cost $32,215,025)
$
28,979,095
CONVERTIBLE BONDS - 12.08%
Consumer Discretionary - 7.36%
Ford Motor Company
4.250%, 11/15/2016
1,000,000
1,812,500
2,435,000
3,226,375
XM Satellite Radio, Inc.
7.000%, 12/01/2014 (S)
5,038,875
High Income Trust (continued)
Shares or
Principal
Amount
Value
CONVERTIBLE BONDS (continued)
Industrials - 4.72%
AMR Corp.
6.250%, 10/15/2014
$
1,400,000 $
1,473,500
825,000
1,761,375
US Airways Group, Inc.
7.250%, 05/15/2014
3,234,875
TOTAL CONVERTIBLE BONDS (Cost $5,141,068)
$
8,273,750
$
0
COMMON STOCKS - 6.79%
Consumer Discretionary - 6.48%
Hotels, Restaurants & Leisure - 1.25%
Fontainebleau Resorts LLC, Class A (I)
68,468
Trump Entertainment Resorts, Inc. (I)
190,620
857,790
857,790
Media - 5.23%
Canadian Satellite Radio Holdings, Inc.
397,967
1,293,034
283,201
920,148
Canadian Satellite Radio
Holdings, Inc., Class A (I)
Vertis Holdings, Inc. (I)
69,391
1,368,391
3,581,573
4,439,363
Materials - 0.31%
Containers & Packaging - 0.31%
Smurfit-Stone Container Corp.
5,439
210,217
58,550
0
Telecommunication Services - 0.00%
Diversified Telecommunication Services - 0.00%
Muzak Holdings LLC (I)
TOTAL COMMON STOCKS (Cost $11,545,125)
$
4,649,580
PREFERRED SECURITIES - 7.12%
Financials - 5.74%
Commercial Banks - 3.03%
Wells Fargo & Company, Series L, 7.500%
2,003
2,073,506
Bank of America Corp., Series L, 7.250%
1,840
1,860,222
Pliant Corp., PIK, 13.000% (I)
1,287
0
Diversified Financial Services - 2.71%
1,860,222
3,933,728
Industrials - 1.38%
Airlines - 1.38%
Continental Airlines Finance Trust II, 6.000%
25,000
TOTAL PREFERRED SECURITIES (Cost $4,156,694)
942,188
$
4,875,916
SHORT-TERM INVESTMENTS - 27.55%
U.S. Government & Agency
Obligations* - 17.53%
Federal Home Loan Bank Discount Notes,
0.001%, 04/01/2011
$
12,000,000$
12,000,000
172
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
High Income Trust (continued)
Shares or
Principal
Amount
SHORT-TERM INVESTMENTS (continued)
Repurchase Agreement - 10.02%
Repurchase Agreement with State Street Corp.
dated 03/31/2011 at 0.010% to be
repurchased at $6,859,002 on 04/01/2011,
Value
collateralized by $7,070,000 Federal Home
Loan Bank, 0.800% due 11/18/2013 (valued
at $6,999,300, including interest)
$
6,859,000
6,859,000
$
18,859,000
$
65,637,341
TOTAL SHORT-TERM INVESTMENTS (Cost $18,859,000)
$
Total Investments (High Income Trust)
(Cost $71,916,912) - 95.87%
Other assets and liabilities, net - 4.13%
2,825,605
TOTAL NET ASSETS - 100.00%
$
68,462,946
High Yield Trust
Shares or
Principal
Amount
Value
FOREIGN GOVERNMENT
OBLIGATIONS - 3.41%
Argentina - 0.96%
Republic of Argentina
zero coupon 12/15/2035 (B)(I)
EUR
7.000%, 10/03/2015
1,880,851
$
368,111
221,000
207,740
7.820%, 12/31/2033 (P)
EUR
491,222
527,341
8.750%, 06/02/2017
$
1,376,830
1,409,186
2,512,378
Brazil - 0.54%
Federative Republic of Brazil
10.000%, 01/01/2014 to 01/01/2017
BRL
2,505,000
1,419,293
1,419,293
Indonesia - 0.67%
Republic of Indonesia
10.250%, 07/15/2022 to 07/15/2027
IDR
11.000%, 09/15/2025
8,893,000,000
1,144,801
4,629,000,000
623,451
1,768,252
Russia - 0.00%
Government of Russia
7.500%, 03/31/2030
$
4,325
5,041
1,904,000
1,975,400
zero coupon 04/15/2020 (I)
346,000
96,015
5.750%, 02/26/2016
1,621,000
1,199,540
Turkey - 0.75%
Republic of Turkey
6.750%, 05/30/2040
Venezuela - 0.49%
Republic of Venezuela
1,295,555
TOTAL FOREIGN GOVERNMENT
OBLIGATIONS (Cost $8,475,269)
$
8,975,919
CORPORATE BONDS - 76.06%
Consumer Discretionary - 17.60%
Affinity Group, Inc.
11.500%, 12/01/2016 (S)
330,000
346,500
1,837,000
1,879,999
550,000
550,000
American Greetings Corp.
7.375%, 06/01/2016
Ameristar Casinos, Inc.
7.500%, 04/15/2021 (S)
High Yield Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Consumer Discretionary (continued)
Bankrate, Inc.
11.750%, 07/15/2015 (S)
$
820,000
$
932,750
Burlington Coat Factory Warehouse Corp.
10.000%, 02/15/2019 (S)
500,000
485,000
1,170,000
1,208,025
865,000
914,738
520,000
395,200
660,000
714,450
540,000
569,700
1,110,000
1,110,000
1,275,000
1,208,588
190,000
201,400
3,620,000
18,100
740,000
717,800
3,409,000
2,718,678
390,000
397,800
3,258,000
3,200,985
CityCenter Holdings LLC/CityCenter
Finance Corp. PIK
10.750%, 01/15/2017 (S)
DAE Aviation Holdings, Inc.
11.250%, 08/01/2015 (S)
Directbuy Holdings, Inc.
12.000%, 02/01/2017 (S)
DISH DBS Corp.
7.875%, 09/01/2019
Downstream Development Authority of
the Quapaw Tribe of Oklahoma
12.000%, 10/15/2015 (S)
Edcon Proprietary, Ltd.
9.500%, 03/01/2018 (S)
El Pollo Loco, Inc.
11.750%, 12/01/2012 to 11/15/2013
Empire Today LLC/Empire Today
Finance Corp.
11.375%, 02/01/2017 (S)
Fontainebleau Las Vegas Holdings LLC
10.250%, 06/15/2015 (H)(S)
Giraffe Acquisition Corp.
9.125%, 12/01/2018 (S)
Harrah’s Operating Company, Inc.
5.625%, 06/01/2015
HOA Restaurant Group / HOA
Finance Corp.
11.250%, 04/01/2017 (S)
Inn of The Mountain Gods Resort &
Casino
8.750%, 11/30/2020 (S)
Kabel BW Erste
Beteiligungs GmbH/Kabel Baden-
Wurttemberg G
7.500%, 03/15/2019 (S)
240,000
246,000
740,000
741,850
840,000
802,200
6.625%, 07/15/2015
510,000
483,225
10.375%, 05/15/2014
420,000
480,900
1,940,000
1,978,800
7.125%, 08/15/2014
690,000
520,950
8.000%, 04/01/2012
2,600,000
2,320,500
7.200%, 01/15/2011 (H)
1,520,000
437,000
8.375%, 07/15/2033 (H)
2,005,000
596,488
9.500%, 11/15/2018 (S)
710,000
747,275
11.750%, 11/15/2016
390,000
450,450
570,000
652,650
1,300,000
1,394,250
1,485,000
1,659,488
LBI Media, Inc.
9.250%, 04/15/2019 (S)
MGM Mirage, Inc.
5.875%, 02/27/2014
MGM Resorts International
Michaels Stores, Inc. (Zero Coupon Steps
up to 13.000% on 11/01/2011)
11/01/2016
Mohegan Tribal Gaming Authority
Motors Liquidation Company
NCL Corp. Ltd.
Net Servicos De Comunicacao SA
7.500%, 01/27/2020
Nielsen Finance LLC/Nielsen Finance
Company
7.750%, 10/15/2018 (S)
Oxford Industries, Inc.
11.375%, 07/15/2015
173
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
High Yield Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Consumer Discretionary (continued)
Petco Animal Supplies, Inc.
9.250%, 12/01/2018 (S)
$
680,000
$
727,600
Pinnacle Entertainment, Inc.
7.500%, 06/15/2015
150,000
152,625
8.750%, 05/15/2020
10,000
10,400
755,000
787,088
QVC, Inc.
7.375%, 10/15/2020 (S)
Reynolds Group Issuer, Inc.
8.250%, 02/15/2021 (S)
830,000
821,700
9.000%, 04/15/2019 (S)
1,080,000
1,117,800
800,000
760,000
1,550,000
1,670,125
4.204%, 02/01/2014 (P)(S)
240,000
217,200
9.125%, 02/01/2015 (S)
385,000
383,075
790,000
873,938
590,000
609,913
6.000%, 04/01/2012 (H)
10,293,000
1,029
6.500%, 02/01/2014 (H)
2,340,000
234
6.625%, 03/15/2018 (H)
2,257,000
226
7.750%, 08/15/2016 (H)
5,098,000
510
455,000
467,513
3,162,000
0
5,404,000
4,944,660
7.875%, 11/01/2020 (S)
370,000
391,275
8.500%, 05/15/2021 (S)
1,290,000
1,335,150
Service Corp. International
7.500%, 04/01/2027
Simmons Foods, Inc.
10.500%, 11/01/2017 (S)
Snoqualmie Entertainment Authority
Sotheby’s
7.750%, 06/15/2015
Standard Pacific Corp.
8.375%, 01/15/2021 (S)
Station Casinos, Inc.
Stonemor Operating LLC/Cornerstone
Family Services
10.250%, 12/01/2017
SuperMedia, Inc., Escrow Certificates
8.000%, 11/15/2016 (I)
The Neiman Marcus Group, Inc.
7.125%, 06/01/2028
Univision Communications, Inc.
46,353,800
Consumer Staples - 2.33%
Alliance One International, Inc.
10.000%, 07/15/2016
340,000
344,675
1,190,000
1,206,363
380,000
395,200
1,040,000
1,021,800
2,940,000
3,167,850
Blue Merger Sub, Inc.
7.625%, 02/15/2019 (S)
Bumble Bee Acquisition Corp.
9.000%, 12/15/2017 (S)
NES Rentals Holdings, Inc.
12.250%, 04/15/2015 (S)
Viskase Companies, Inc.
9.875%, 01/15/2018 (S)
6,135,888
Energy - 12.53%
Adaro Indonesia PT
7.625%, 10/22/2019 (S)
1,730,000
1,911,650
1,201,000
1,201,000
587,000
680,920
830,000
883,950
7.750%, 05/15/2017
120,000
126,150
9.500%, 05/15/2016
490,000
546,350
Belden & Blake Corp.
8.750%, 07/15/2012
Berry Petroleum Company
10.250%, 06/01/2014
Chesapeake Energy Corp.
6.625%, 08/15/2020
Cie Generale de Geophysique-Veritas
Concho Resources, Inc.
7.000%, 01/15/2021
200,000
210,500
High Yield Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Energy (continued)
Copano Energy Llc / Copano Energy
Finance Corp.
7.125%, 04/01/2021
$
390,000
$
394,875
Corral Petroleum Holdings AB, PIK
2.000%, 09/18/2011 (S)
1,652,294
1,569,679
494,487
409,188
9.750%, 10/15/2019
633,000
649,148
10.000%, 12/01/2020
2,313,000
2,448,928
750,000
815,625
1,195,000
1,239,813
1,410,000
1,431,150
380,000
387,600
1,225,000
1,255,625
360,000
372,600
330,000
365,871
690,000
702,075
560,000
601,272
6.500%, 08/15/2021
660,000
659,175
6.750%, 11/01/2020
590,000
604,750
950,000
965,438
880,000
946,000
530,000
555,859
1,210,000
1,343,100
Energy Future Holdings Corp., PIK
11.250%, 11/01/2017
Energy Future Intermediate
Holding Company LLC
Energy Transfer Equity LP
7.500%, 10/15/2020
Enterprise Products Operating LLC
(7.034% to 01/15/2018, then higher of
7.034% or 3 month LIBOR + 2.680%)
01/15/2068
Exco Resources, Inc.
7.500%, 09/15/2018
Gulfmark Offshore, Inc.
7.750%, 07/15/2014
Hercules Offshore, Inc.
10.500%, 10/15/2017 (S)
James River Escrow, Inc.
7.875%, 04/01/2019 (S)
KazMunaiGaz Finance Sub BV
8.375%, 07/02/2013 (S)
Key Energy Services, Inc.
6.750%, 03/01/2021
Lukoil International Finance BV
6.356%, 06/07/2017
MarkWest Energy Partners LP/MarkWest
Energy Finance Corp.
MEG Energy Corp.
6.500%, 03/15/2021 (S)
Murray Energy Corp.
10.250%, 10/15/2015 (S)
Novatek Finance, Ltd.
6.604%, 02/03/2021 (S)
Offshore Group Investments, Ltd.
11.500%, 08/01/2015
Overseas Shipholding Group, Inc.
8.125%, 03/30/2018
860,000
844,950
830,000
934,788
6.750%, 01/27/2041
80,000
82,352
6.875%, 01/20/2040
485,000
507,698
910,000
891,800
480,000
494,400
1,310,000
1,526,150
660,000
702,900
1,360,000
1,411,000
1,880,000
1,525,150
130,000
130,000
Peabody Energy Corp.
7.875%, 11/01/2026
Petrobras International Finance Company
Petroplus Finance, Ltd.
6.750%, 05/01/2014 (S)
Precision Drilling Corp.
6.625%, 11/15/2020 (S)
Quicksilver Resources, Inc.
11.750%, 01/01/2016
Regency Energy Partners LP/Regency
Energy Finance Corp.
6.875%, 12/01/2018
SandRidge Energy, Inc.
7.500%, 03/15/2021 (S)
Trico Shipping AS
11.875%, 11/01/2014 (P)(S)
Venoco, Inc.
8.875%, 02/15/2019 (S)
174
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
High Yield Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Energy (continued)
Whiting Petroleum Corp.
6.500%, 10/01/2018
$
650,000
$
672,750
33,002,229
Financials - 7.11%
Ally Financial, Inc.
zero coupon, 06/15/2015
1,250,000
973,438
1,012,400
607,440
1,460,000
1,430,800
670,000
666,650
Ashton Woods USA LLC (Zero Coupon
steps up to 11.000% on 06/30/2012)
06/30/2015 (S)
Astoria Depositor Corp., Series B
8.144%, 05/01/2021 (S)
CCM Merger, Inc.
8.000%, 08/01/2013 (S)
Credit Agricole SA (8.375% to
10/13/2019, then 3 month
LIBOR + 6.982%)
10/13/2019 (Q)(S)
460,000
492,200
7.000%, 10/01/2013
760,000
819,832
12.000%, 05/15/2015
730,000
917,576
EUR
530,000
793,366
$
334,000
332,330
277,000
276,308
1,940,000
2,126,725
1,500,000
1,485,000
600,000
663,000
835,000
914,325
650,000
655,688
440,000
411,400
6.299%, 05/15/2017
1,200,000
1,255,500
6.299%, 05/15/2017 (S)
134,000
140,365
160,000
174,400
851,000
974,395
1,250,000
1,225,000
1,144,179
1,384,457
Ford Motor Credit Company LLC
GMAC International Finance BV
7.500%, 04/21/2015
ICICI Bank, Ltd. (6.375% to 04/30/2017,
then 6 month LIBOR + 2.280%)
04/30/2022 (S)
ICICI Bank, Ltd. (6.375% to 04/30/2017,
then 6 month LIBOR + 2.280%)
04/30/2022
International Lease Finance Corp.
8.250%, 12/15/2020
Landry’s Holdings, Inc.
11.500%, 06/01/2014 (S)
Leucadia National Corp.
8.125%, 09/15/2015
Odebrecht Finance, Ltd.
7.500%, 10/18/2017 (S)
Residential Capital LLC
9.625%, 05/15/2015
Royal Bank of Scotland Group PLC
(7.648% to 09/30/2031, then 3 month
LIBOR + 2.500%)
09/30/2031 (Q)
RSHB Capital SA for OJSC Russian
Agricultural Bank
SLM Corp.
8.000%, 03/25/2020
TNK-BP Finance SA
7.875%, 03/13/2018 (S)
UPCB Finance III, Ltd.
6.625%, 07/01/2020 (S)
Wind Acquisition Holdings Finance SA,
PIK
12.250%, 07/15/2017 (S)
18,720,195
Health Care - 5.10%
American Renal Holdings Company, Inc.
8.375%, 05/15/2018
480,000
506,400
9.750%, 03/01/2016 (S)
980,000
967,750
149,000
163,714
Biomet, Inc., PIK
10.375%, 10/15/2017
High Yield Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Health Care (continued)
CRC Health Corp.
10.750%, 02/01/2016
$
7,310,000 $
7,401,356
955,000
1,094,669
650,000
667,063
1,750,000
1,824,375
230,000
190,613
210,000
214,988
620,000
393,700
Fresenius US Finance II, Inc.
9.000%, 07/15/2015 (S)
Giant Funding Corp.
8.250%, 02/01/2018 (S)
HCA Holdings, Inc.
7.750%, 05/15/2021 (S)
Tenet Healthcare Corp.
6.875%, 11/15/2031
Vanguard Health Holding
Company II LLC
8.000%, 02/01/2018
Vanguard Health Systems, Inc.
zero coupon, 02/01/2016 (S)
13,424,628
Industrials - 10.59%
Abengoa Finance SAU
8.875%, 11/01/2017 (S)
630,000
628,425
945,000
1,065,488
560,000
617,400
300,000
306,000
440,000
426,800
600,000
649,500
ACCO Brands Corp.
10.625%, 03/15/2015
Acquisition Co Lanza Parent
10.000%, 06/01/2017 (S)
Aguila 3 SA
7.875%, 01/31/2018 (S)
American Airlines Pass Through Trust
7.000%, 01/31/2018 (S)
American Reprographics Company
10.500%, 12/15/2016 (S)
Ardagh Packaging Finance PLC
7.375%, 10/15/2017 (S)
EUR
290,000
420,235
9.125%, 10/15/2020 (S)
$
750,000
811,875
20,000
20,875
6.750%, 09/15/2015 (S)
510,000
514,463
7.339%, 04/19/2014
563,078
560,263
8.021%, 08/10/2022
451,722
466,402
9.750%, 12/17/2016
901,795
955,902
795,000
847,669
1,180,000
1,206,550
910,000
949,813
180,000
183,150
490,000
515,113
Ashtead Holdings PLC
8.625%, 08/01/2015 (S)
Continental Airlines, Inc.
Delta Air Lines, Inc.
FGI Operating Company, Inc.
10.250%, 08/01/2015
Florida East Coast Holdings Corp., PIK
10.500%, 08/01/2017 (S)
Florida East Coast Railway Corp.
8.125%, 02/01/2017 (S)
Griffon Corp.
7.125%, 04/01/2018 (S)
H&E Equipment Services, Inc.
8.375%, 07/15/2016
Hapag-Lloyd AG
9.750%, 10/15/2017 (S)
1,360,000
1,458,600
EUR
360,000
548,456
$
430,000
448,813
430,000
448,275
520,000
583,700
6.625%, 12/15/2020 (S)
1,400,000
1,428,000
8.000%, 02/01/2018
1,090,000
1,188,100
Hertz Holdings Netherlands BV
8.500%, 07/31/2015 (S)
Huntington Ingalls Industries, Inc.
6.875%, 03/15/2018 (S)
7.125%, 03/15/2021 (S)
Interactive Data Corp.
10.250%, 08/01/2018 (S)
Kansas City Southern de
Mexico SA de CV
175
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
High Yield Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Industrials (continued)
Kratos Defense & Security Solutions, Inc.
10.000%, 06/01/2017
$
550,000
$
606,375
Navios Maritime
Acquisition Corp./Navios Acquisition
Finance
8.625%, 11/01/2017
1,170,000
1,210,950
420,000
423,150
1,060,000
1,049,400
1,450,000
1,504,375
936,000
1,035,450
250,000
271,250
400,000
416,000
Navios Maritime Holdings, Inc./Navios
Maritime Finance II U.S., Inc.
8.125%, 02/15/2019 (S)
Odebrecht Finance, Ltd.
6.000%, 04/05/2023 (S)
Quality Distribution LLC/QD
Capital Corp.
9.875%, 11/01/2018 (S)
RailAmerica, Inc.
9.250%, 07/01/2017
Rearden G Holdings EINS GmbH
7.875%, 03/30/2020 (S)
RSC Equipment Rental, Inc./RSC
Holdings III LLC
8.250%, 02/01/2021 (S)
Syncreon Global Ireland Ltd./Syncreon
Global Finance US, Inc.
9.500%, 05/01/2018 (S)
2,880,000
2,980,800
1,065,000
1,136,888
Wyle Services Corp.
10.500%, 04/01/2018 (S)
27,884,505
Information Technology - 2.52%
CDW LLC/CDW Finance Corp.
11.000%, 10/12/2015
310,000
336,350
410,000
442,800
7.375%, 06/15/2019 (S)
460,000
469,775
11.250%, 03/31/2016
2,150,000
2,141,938
10,681
11,068
700,000
743,750
550,000
563,063
1,730,000
1,937,600
CDW LLC/CDW Finance Corp., PIK
11.500%, 10/12/2015
First Data Corp.
First Data Corp., PIK
10.550%, 09/24/2015
Freescale Semiconductor, Inc.
10.125%, 12/15/2016
MEMC Electronic Materials, Inc.
7.750%, 04/01/2019 (S)
NXP BV/NXP Funding LLC
9.750%, 08/01/2018 (S)
6,646,344
Materials - 6.31%
Appleton Papers, Inc.
11.250%, 12/15/2015
1,197,000
1,161,090
550,000
587,125
6.875%, 05/01/2018
340,000
381,650
7.125%, 05/01/2020
250,000
283,750
8.875%, 04/24/2013 (S)
180,000
197,766
8.875%, 04/24/2013
990,000
1,087,763
100,000
117,188
6.375%, 02/01/2016 (S)
50,000
50,375
7.000%, 11/01/2015 (S)
360,000
373,500
800,000
876,000
Atkore International, Inc.
9.875%, 01/01/2018 (S)
CF Industries, Inc.
Evraz Group SA
Evraz Group Sa
9.500%, 04/24/2018
FMG Resources August 2006 Pty, Ltd.
Georgia Gulf Corp.
9.000%, 01/15/2017 (S)
High Yield Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Materials (continued)
GTL Trade Finance, Inc.
7.250%, 10/20/2017
$
760,000
$
850,410
Hexion US Finance Corp./Hexion Nova
Scotia Finance ULC
9.000%, 11/15/2020 (S)
420,000
435,488
Ineos Finance PLC
9.000%, 05/15/2015 (S)
530,000
578,363
EUR
553,000
854,245
$
438,866
492,627
1,740,000
1,794,375
1,320,000
1,321,650
1,040,000
1,144,000
3,550,000
1,872,625
400,000
423,000
6.875%, 11/21/2036
100,000
106,407
8.250%, 01/17/2034
364,000
442,908
570,000
607,763
8.750%, 02/01/2019 (S)
440,000
457,600
11.500%, 07/01/2014
95,000
103,788
Kerling PLC
10.625%, 02/01/2017 (S)
Lyondell Chemical Company
11.000%, 05/01/2018
Midwest Vanadium Pty, Ltd.
11.500%, 02/15/2018 (S)
NewPage Corp.
11.375%, 12/31/2014
Novelis, Inc.
8.750%, 12/15/2020 (S)
Ryerson Holding Corp.
zero coupon, 02/01/2015
TPC Group LLC
8.250%, 10/01/2017 (S)
Vale Overseas, Ltd.
Vedanta Resources PLC
8.750%, 01/15/2014 (S)
Verso Paper
Holdings LLC/Verso Paper, Inc.
16,601,456
Telecommunication Services - 7.99%
Axtel SAB de CV
7.625%, 02/01/2017 (S)
1,160,000
1,090,400
9.000%, 09/22/2019
98,000
94,080
950,000
1,007,000
10.500%, 01/15/2015 (S)
40,000
40,800
13.250%, 07/15/2015 (S)
1,580,000
1,659,000
810,000
648,000
221,000
156,338
850,000
876,563
1,150,000
1,213,250
1,300,000
1,301,625
560,000
560,700
480,000
513,600
170,000
171,700
4,725,000
5,026,219
Buccaneer Merger Sub, Inc.
9.125%, 01/15/2019 (S)
Cengage Learning Acquisitions, Inc.
Cincinnati Bell Telephone Company LLC
6.300%, 12/01/2028
CMP Susquehanna Corp.
9.875%, 05/15/2014
Cogent Communications Group, Inc.
8.375%, 02/15/2018 (S)
Inmarsat Finance PLC
7.375%, 12/01/2017 (S)
Intelsat Jackson Holdings SA
7.250%, 04/01/2019 (S)
Level 3 Financing, Inc.
10.000%, 02/01/2018
MetroPCS Wireless, Inc.
7.875%, 09/01/2018
Primus Telecommunications IHC, Inc.,
PIK
14.250%, 05/20/2013
Sprint Capital Corp.
8.750%, 03/15/2032
Sunrise Communications Holdings SA
8.500%, 12/31/2018 (S)
EUR
125,000
187,779
$
100,000
108,000
1,074,000
1,162,605
True Move Company, Ltd.
10.375%, 08/01/2014 (S)
10.750%, 12/16/2013 (S)
176
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
High Yield Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Telecommunication Services (continued)
True Move Company, Ltd. (continued)
10.750%, 12/16/2013
$
800,000
$
866,000
UBS Luxembourg SA for OJSC Vimpel
Communications
8.250%, 05/23/2016
1,247,000
1,381,053
7.875%, 01/15/2019 (S)
980,000
998,375
8.625%, 10/01/2018 (S)
670,000
705,175
330,000
344,850
7.500%, 04/01/2023 (S)
850,000
837,250
7.750%, 10/01/2021 (S)
90,000
91,463
West Corp.
Wind Acquisition Finance SA
7.250%, 02/15/2018 (S)
Windstream Corp.
21,041,825
Utilities - 3.98%
AES Ironwood LLC
8.857%, 11/30/2025
400,975
397,967
2,540,000
2,644,750
330,000
337,885
1,670,000
1,244,150
890,000
957,863
310,000
320,075
3,039,799
3,434,972
Calpine Corp.
7.875%, 07/31/2020 to 01/15/2023 (S)
Colbun SA
6.000%, 01/21/2020 (S)
Edison Mission Energy
7.625%, 05/15/2027
Foresight Energy LLC/Foresight
Energy Corp.
9.625%, 08/15/2017 (S)
Mirant Americas Generation LLC
9.125%, 05/01/2031
Mirant Mid Atlantic LLC
10.060%, 12/30/2028
Sithe/independence Funding Corp.
9.000%, 12/30/2013
1,118,070
1,141,762
10,479,424
TOTAL CORPORATE BONDS (Cost $207,102,302)
$
200,290,294
CAPITAL PREFERRED SECURITIES - 1.38%
Financials - 1.38%
ING Capital Funding Trust III
3.907%, (P)(Q)
220,000
213,307
290,000
311,750
2,490,000
2,815,899
300,000
295,922
Metlife Capital Trust IV
7.875%, 12/15/2037 (S)
Santander Finance Preferred SA
Unipersonal (10.500% until
09/29/2014, then 3 month
LIBOR + 7.673%)
09/29/2014 (Q)
The Dai-Ichi Life Insurance
Company, Ltd.
7.250%, (P)(S)
3,636,878
TOTAL CAPITAL PREFERRED
SECURITIES (Cost $3,515,016)
$
3,636,878
$
63,273
CONVERTIBLE BONDS - 1.72%
Energy - 0.03%
James River Coal Company
3.125%, 03/15/2018 (S)
$
60,000
Financials - 1.11%
Realogy Corp.
11.000%, 04/15/2018 (S)
2,690,000
2,932,100
High Yield Trust (continued)
Shares or
Principal
Amount
Value
CONVERTIBLE BONDS (continued)
Industrials - 0.44%
Horizon Lines, Inc.
4.250%, 08/15/2012
$
1,495,000
$
1,162,363
Materials - 0.14%
Hercules, Inc.
6.500%, 06/30/2029
460,000
TOTAL CONVERTIBLE BONDS (Cost $3,995,064)
362,825
$
4,520,561
TERM LOANS (M) - 2.25%
Consumer Discretionary - 0.09%
CityCenter Holdings LLC
7.500%, 01/14/2014
230,000
231,629
3,958,740
9,897
Simmons Holdco, Inc., PIK
7.540%, 02/15/2012
241,526
Financials - 0.41%
Realogy Corp.
13.500%, 10/15/2017
1,000,000
1,082,500
414,172
363,695
490,938
484,489
Industrials - 0.32%
Hawker Beechcraft Acquisition
Company LLC
2.234%, 03/26/2014
IASIS Healthcare LLC/IASIS
Capital Corp.
5.538%, 06/15/2014
848,184
Telecommunication Services - 0.97%
Vodafone Group PLC
6.875%, 08/31/2015
2,540,000
2,552,700
2.033%, 02/01/2013
124,374
123,460
3.539%, 08/31/2015
493,559
494,793
3.552%, 08/31/2015
587,971
590,176
Utilities - 0.46%
NRG Energy, Inc.
1,208,429
TOTAL TERM LOANS (Cost $9,522,527)
$
5,933,339
COMMON STOCKS - 3.00%
Consumer Discretionary - 1.50%
Charter Communications, Inc., Class A (I)
73,972 $
3,745,202
Citadel Broadcasting Corp., Class A (I)
2,881
98,674
Tropicana Entertainment LLC (I)
7,500
93,750
3,937,626
Energy - 0.25%
SemGroup Corp., Class A (I)
23,610
664,858
124,228,562
1,507,514
10,171
437,353
32,672
1,292,178
de CV ADR (I)
13,302
44,562
Viatel Holdings Bermuda, Ltd. (I)
38
10
XO Holdings, Inc. (I)
5,320
3,990
Financials - 0.57%
KCAD Holdings, Ltd.
Industrials - 0.17%
Nortek, Inc. (I)
Materials - 0.49%
LyondellBasell Industries, Class A (I)
Telecommunication Services - 0.02%
Maxcom Telecomunicaciones SAB
48,562
TOTAL COMMON STOCKS (Cost $10,608,466)
$
177
7,888,091
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
High Yield Trust (continued)
Shares or
Principal
Amount
Value
PREFERRED SECURITIES - 4.65%
Consumer Discretionary - 0.04%
Tropicana Las Vegas Resort
& Casino LLC (I)
2,110
$
105,500
Financials - 4.61%
Ally Financial, Inc., 8.500%
975
24,258
Banesto Holdings, Ltd.,
Series A, 10.500% (S)
93,000
Bank of America Corp., Series L, 7.250%
2,330,813
4,220
4,266,378
Citigroup Capital XII (8.500% to
3/30/2015, then
3 month LIBOR + 5.870%)
62,875
1,655,499
31,275
856,935
117,600
2,998,800
Citigroup Capital XIII (7.875% to
10/30/2015, then
3 month LIBOR + 6.370%)
GMAC Capital Trust I (8.125% to
02/15/2016, then
3 month LIBOR + 5.785%)
12,132,683
Information Technology - 0.00%
CMP Susquehanna Radio
Holdings Corp., Series A (I)(S)
51,586
0
TOTAL PREFERRED SECURITIES (Cost $12,029,125)
$
12,238,183
WARRANTS - 0.21%
Buffets Restaurants Holdings, Inc.
(Expiration Date: 04/28/2014; Strike
Price: $12.00) (I)
6,339
0
6,978
71,525
Charter Communications, Inc., Class A
(Expiration Date: 11/30/2014; Strike
Price: $51.28) (I)
CMP Susquehanna Radio Holdings Corp.
(Expiration Date: 03/26/2019; Strike
Price: $0.01) (I)
58,949
0
Muzak Holdings LLC (Strike
Price: $25.00) (I)
8,366
0
Nortek, Inc. (Expiration Date:
12/17/2014; Strike Price: $52.80) (I)
14,700
119,070
35,326
353,260
SemGroup Corp., Class A (Expiration
Date: 11/30/2014; Strike
Price $25.00) (I)
TOTAL WARRANTS (Cost $889,943)
$
543,855
SHORT-TERM INVESTMENTS - 2.58%
U.S. Government & Agency
Obligations* - 0.07%
Federal National Mortgage Association
Discount Notes,
0.2400% 05/09/2011 (F)
$
200,000
$
199,949
Repurchase Agreement - 2.51%
Deutsche Bank Tri-Party Repurchase
Agreement dated 03/31/2011 at 0.150%
to be repurchased at $6,600,028 on
04/01/2011, collateralized by Federal
Home Loan Mortgage Corp., 3.500%
due 08/17/2020 (valued at $6,732,000,
including interest)
6,600,000
6,600,000
TOTAL SHORT-TERM INVESTMENTS (Cost $6,799,949)
$
6,799,949
$
250,827,069
Total Investments (High Yield Trust)
(Cost $262,937,661) - 95.26%
Other assets and liabilities, net - 4.74%
12,491,879
TOTAL NET ASSETS - 100.00%
$
263,318,948
Income Trust
Shares or
Principal
Amount
Value
CORPORATE BONDS - 41.72%
Consumer Discretionary - 4.40%
Cablevision Systems Corp.
7.750%, 04/15/2018
8.000%, 04/15/2020
$
2,000,000 $
2,160,000
2,000,000
2,180,000
450,000
511,313
4,766,957
5,708,431
1,000,000
1,042,500
700,000
722,750
1,200,000
1,239,000
800,000
877,000
700,000
707,000
Caesars Entertainment Operating
Company, Inc.
11.250%, 06/01/2017
CCH II LLC/CCH II Capital Corp.
13.500%, 11/30/2016
Cequel Communications
Holdings I LLC/Cequel Capital Corp.
8.625%, 11/15/2017 (S)
CityCenter Holdings LLC/CityCenter
Finance Corp.
7.625%, 01/15/2016 (S)
CityCenter Holdings LLC/CityCenter
Finance Corp. PIK
10.750%, 01/15/2017 (S)
Clear Channel Worldwide Holdings, Inc.,
Series B
9.250%, 12/15/2017
KB Home
5.750%, 02/01/2014
MGM Resorts International
6.750%, 04/01/2013
500,000
503,750
10.000%, 11/01/2016 (S)
1,500,000
1,578,750
651,025
0
1,470,000
1,506,750
1,900,000
2,052,000
SuperMedia, Inc., Escrow Certificates
12/01/2020 (I)
The Hertz Corp.
8.875%, 01/01/2014
Visant Corp.
10.000%, 10/01/2017
20,789,244
Consumer Staples - 1.29%
Ceridian Corp.
11.250%, 11/15/2015
2,500,000
2,600,000
1,000,000
1,026,250
1,000,000
1,160,000
1,300,000
1,300,000
Dean Foods Company
9.750%, 12/15/2018 (S)
JBS USA LLC/JBS USA Finance, Inc.
11.625%, 05/01/2014
SUPERVALU, Inc.
8.000%, 05/01/2016
6,086,250
Energy - 8.34%
Antero Resources Finance Corp.
9.375%, 12/01/2017
750,000
817,500
1,400,000
1,470,000
6.875%, 08/15/2018 to 11/15/2020
1,900,000
2,064,000
7.250%, 12/15/2018
2,000,000
2,235,000
9.500%, 02/15/2015
2,600,000
3,224,000
1,400,000
1,552,250
300,000
335,956
1,200,000
1,305,000
1,000,000
1,070,000
1,000,000
990,000
2,000,000
2,260,000
ATP Oil & Gas Corp.
11.875%, 05/01/2015
Chesapeake Energy Corp.
Consol Energy Inc.
8.250%, 04/01/2020
El Paso Corp.
7.750%, 01/15/2032
Energy Transfer Equity LP
7.500%, 10/15/2020
Energy XXI Gulf Coast, Inc.
9.250%, 12/15/2017 (S)
Expro Finance Luxembourg Sca
8.500%, 12/15/2016 (S)
Holly Corp.
9.875%, 06/15/2017
178
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Income Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Energy (continued)
Linn Energy LLC/Linn Energy
Finance Corp.
8.625%, 04/15/2020 (S)
$
1,700,000 $
1,887,000
4,000,000
4,240,000
6.750%, 05/01/2014 (S)
500,000
490,000
7.000%, 05/01/2017 (S)
500,000
475,000
1,100,000
1,192,930
1,500,000
1,565,625
7.250%, 11/30/2013
1,000,000
1,022,500
7.500%, 11/30/2016
800,000
822,000
8.000%, 06/01/2018 (S)
3,000,000
3,142,500
9.875%, 05/15/2016 (S)
1,200,000
1,332,000
1,000,000
1,020,000
2,000,000
2,070,000
2,500,000
2,825,000
Petrohawk Energy Corp.
7.875%, 06/01/2015
Petroplus Finance, Ltd.
Pioneer Natural Resources Company
6.875%, 05/01/2018
Plains Exploration & Production
Company
7.750%, 06/15/2015
Sabine Pass LNG LP
SandRidge Energy, Inc.
SESI LLC
6.875%, 06/01/2014
W&T Offshore, Inc.
8.250%, 06/15/2014 (S)
Western Refining, Inc.
11.250%, 06/15/2017 (S)
39,408,261
Financials - 9.10%
Bank of America Corp., (8.125% to
05/15/2018, then 3 month
LIBOR + 3.640%)
,05/15/2018 (Q)
1,500,000
1,613,055
17,200,000
17,268,000
7.000%, 04/15/2015
4,000,000
4,323,616
8.000%, 06/01/2014
2,000,000
2,222,482
12.000%, 05/15/2015
1,300,000
1,634,040
600,000
676,500
7.125%, 09/01/2018 (S)
1,400,000
1,504,300
8.875%, 09/15/2015 (S)
700,000
770,000
2,750,000
2,791,250
7,500,000
8,205,820
CIT Group, Inc.
7.000%, 05/01/2015 to 05/01/2017
Ford Motor Credit Company LLC
Host Hotels & Resorts LP
9.000%, 05/15/2017
International Lease Finance Corp.
iStar Financial, Inc.
8.625%, 06/01/2013
JPMorgan Chase & Company, Series 1
(7.900% to 04/30/2018, then 3 month
LIBOR + 3.470%)
04/30/2018 (Q)
UPCB Finance III, Ltd.
6.625%, 07/01/2020 (S)
2,000,000
1,960,000
42,969,063
Health Care - 5.44%
Community Health Systems, Inc.
8.875%, 07/15/2015
3,500,000
3,692,500
600,000
615,750
1,000,000
1,042,500
6.500%, 02/15/2016
2,200,000
2,238,500
8.500%, 04/15/2019
3,500,000
3,885,000
9.250%, 11/15/2016
4,000,000
4,305,000
Giant Funding Corp.
8.250%, 02/01/2018 (S)
HCA Holdings, Inc.
7.750%, 05/15/2021 (S)
HCA, Inc.
Income Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Health Care (continued)
Mylan, Inc.
6.000%, 11/15/2018 (S)
$
1,000,000 $
1,000,000
8.000%, 08/01/2020
400,000
417,000
9.250%, 02/01/2015
3,500,000
3,854,375
10.000%, 05/01/2018
3,250,000
3,806,563
500,000
506,250
500,000
317,500
Tenet Healthcare Corp.
Vanguard Health Holding
Company II LLC/Vanguard Holding
Company II, Inc.
7.750%, 02/01/2019 (S)
Vanguard Health Systems, Inc.
Zero Coupon 02/01/2016 (S)
25,680,938
Industrials - 3.03%
Abengoa Finance SAU
8.875%, 11/01/2017 (S)
1,200,000
1,197,000
2,500,000
2,471,875
8.375%, 12/01/2017 (S)
900,000
918,000
11.500%, 04/01/2018 (S)
2,200,000
2,389,750
1,000,000
1,072,500
1,200,000
1,296,000
3,000,000
3,161,250
800,000
884,000
American Airlines, Inc.
7.500%, 03/15/2016 (S)
CEVA Group PLC
RBS Global, Inc.
11.750%, 08/01/2016
RBS Global, Inc./Rexnord LLC
8.500%, 05/01/2018
Terex Corp.
8.000%, 11/15/2017
The Manitowoc Company, Inc.
9.500%, 02/15/2018
United Rentals North America, Inc.
8.375%, 09/15/2020
900,000
940,500
14,330,875
Information Technology - 4.10%
CDW LLC/CDW Finance Corp.
12.535%, 10/12/2017
750,000
804,375
8.250%, 01/15/2021 (S)
2,500,000
2,493,750
9.875%, 09/24/2015
199,000
203,975
11.250%, 03/31/2016
1,400,000
1,394,750
12.625%, 01/15/2021 (S)
3,005,000
3,260,425
1,504,000
1,496,480
10.125%, 12/15/2016
3,250,000
3,453,125
10.750%, 08/01/2020 (S)
2,500,000
2,806,250
6.750%, 03/01/2013
200,000
200,000
8.125%, 03/01/2016
500,000
517,500
2,500,000
2,740,625
First Data Corp.
First Data Corp., PIK
8.750%, 01/15/2022 (S)
Freescale Semiconductor, Inc.
Sanmina-SCI Corp.
SunGard Data Systems, Inc.
10.625%, 05/15/2015
19,371,255
Materials - 0.96%
Berry Plastics Corp.
9.750%, 01/15/2021 (S)
700,000
693,000
6.875%, 02/01/2018 (S)
1,000,000
1,042,500
7.000%, 11/01/2015 (S)
500,000
518,750
1,650,000
2,285,766
FMG Resources August 2006 Pty, Ltd.
Ineos Group Holdings PLC
7.875%, 02/15/2016 (S)
EUR
4,540,016
179
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Income Trust (continued)
Shares or
Principal
Amount
Value
CORPORATE BONDS (continued)
Telecommunication Services - 0.92%
Clearwire Communications LLC
12.000%, 12/01/2015 (S)
Cricket Communications, Inc.
$
700,000
$
756,000
7.750%, 10/15/2020
2,500,000
2,518,750
8.250%, 04/15/2017
500,000
540,000
8.500%, 04/15/2020
500,000
541,875
Frontier Communications Corp.
4,356,625
Utilities - 4.14%
Calpine Construction Finance
Company LP
8.000%, 06/01/2016 (S)
1,000,000
1,090,000
7.500%, 02/15/2021 (S)
1,000,000
1,035,000
7.875%, 07/31/2020 (S)
800,000
850,000
7.500%, 06/01/2015
1,220,000
1,026,325
7.750%, 06/01/2019
1,000,000
776,250
8.375%, 05/01/2016
4,000,000
3,350,000
550,000
519,750
1,000,000
1,077,500
1,300,000
1,459,253
7.625%, 06/15/2014
900,000
931,500
7.875%, 06/15/2017
400,000
397,000
2,030,000
1,674,750
140,626
81,563
9,000,000
5,265,000
Calpine Corp.
Dynegy Holdings, Inc.
Dynegy-Roseton Danskammer, Series B
7.670%, 11/08/2016
Intergen NV
9.000%, 06/30/2017 (S)
Public Service Company of New Mexico
7.950%, 05/15/2018
RRI Energy, Inc.
Texas Competitive Electric Holdings
Company LLC
15.000%, 04/01/2021 (S)
Texas Competitive Electric Holdings
Company LLC, PIK
10.500%, 11/01/2016
Texas Competitive Electric Holdings
Company LLC, Series A
10.250%, 11/01/2015
19,533,891
TOTAL CORPORATE BONDS (Cost $182,915,281)
$
197,066,418
CAPITAL PREFERRED SECURITIES - 1.31%
Financials - 1.31%
Wells Fargo Capital XIII (7.700% to
03/26/2013, then 3 month
US LIBOR + 3.890%) 03/26/2013 (Q)
900,000
927,000
4,800,000
5,268,000
Wells Fargo Capital XV (9.750% to
09/26/2013, then 3 month
LIBOR + 5.830%) 09/26/2013 (Q)
6,195,000
TOTAL CAPITAL PREFERRED
SECURITIES (Cost $4,706,452)
CONVERTIBLE BONDS - 1.07%
Financials - 0.55%
CapitalSource, Inc.
$
6,195,000
4.000%, 07/15/2034
$
1,500,000 $
1,503,750
1,200,000
1,095,000
iStar Financial, Inc.
0.803%, 10/01/2012 (P)
2,598,750
Information Technology - 0.05%
Advanced Micro Devices, Inc.
6.000%, 05/01/2015
238,000
245,438
Income Trust (continued)
Shares or
Principal
Amount
Value
CONVERTIBLE BONDS (continued)
Materials - 0.47%
Cemex SAB de CV
3.250%, 03/15/2016 (S)
3.750%, 03/15/2018 (S)
$
1,350,000 $
1,385,438
805,000
836,194
2,221,632
TOTAL CONVERTIBLE BONDS (Cost $4,998,336)
$
5,065,820
MUNICIPAL BONDS - 0.32%
California - 0.32%
State of California
7.950%, 03/01/2036
1,400,000
TOTAL MUNICIPAL BONDS (Cost $1,401,652)
1,504,664
$
1,504,664
COLLATERALIZED MORTGAGE
OBLIGATIONS - 0.40%
Financials - 0.40%
Banc of America Large Loan, Inc.,
Series 2010-HLTN, Class HLTN
2.005%, 11/15/2015 (P)(S)
1,968,554
1,861,031
TOTAL COLLATERALIZED MORTGAGE
OBLIGATIONS (Cost $1,743,192)
$
1,861,031
TERM LOANS (M) - 4.20%
Consumer Discretionary - 0.65%
Allison Transmission, Inc.
3.010%, 08/07/2014
2,773,938
2,748,279
521,251
344,895
SuperMedia, Inc.
11.000%, 12/31/2015
3,093,174
Consumer Staples - 0.20%
U.S. Investigations Services, Inc.
3.059%, 02/21/2015
945,094
934,855
3,731,849
3,571,658
Information Technology - 0.76%
First Data Corp.
5.446%, 09/24/2014
Telecommunication Services - 0.84%
Clear Channel Communications
3.896%, 11/13/2015
4,490,422
3,948,455
3.761%, 10/10/2014
6,961,949
5,831,890
3.785%, 10/10/2014
2,912,273
2,450,989
Utilities - 1.75%
Texas Competitive Electric
Holdings Company LLC
8,282,879
TOTAL TERM LOANS (Cost $20,121,493)
$
19,831,021
$
475,618
COMMON STOCKS - 41.44%
Consumer Discretionary - 0.89%
Media
Charter Communications, Inc., Class A
9,394
Comcast Corp., Class A
67,000
1,656,240
Dex One Corp. (I)
99,669
482,398
2,614,256
Multiline Retail
Target Corp.
10,000
500,100
29,800
1,104,388
Specialty Retail
Home Depot, Inc.
4,218,744
180
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Income Trust (continued)
Shares or
Principal
Amount
Value
Specialty Retail (continued)
Consumer Staples - 1.05%
Beverages
Diageo PLC
125,000
PepsiCo, Inc.
40,000
$
2,379,048
2,576,400
4,955,448
4,955,448
Energy - 7.83%
Energy Equipment & Services
Baker Hughes, Inc.
30,000
2,202,900
Schlumberger, Ltd.
20,000
1,865,200
Weatherford International, Ltd. (I)
70,000
1,582,000
5,650,100
Oil, Gas & Consumable Fuels
BP PLC, SADR
70,000
3,089,800
Callon Petroleum Company (I)(L)
56,247
437,039
Canadian Oil Sands, Ltd. (I)
190,000
6,402,579
Chesapeake Energy Corp.
50,000
1,676,000
Chevron Corp.
15,000
1,611,450
ConocoPhillips
100,000
7,986,000
Exxon Mobil Corp.
75,000
6,309,750
Spectra Energy Corp.
140,000
3,805,200
31,317,818
36,967,918
Financials - 5.74%
Commercial Banks
Banco Santander SA (I)
126,923
1,479,245
Barclays PLC
150,000
672,908
CIT Group, Inc. (I)
25,000
1,063,750
HSBC Holdings PLC
250,000
2,570,816
M&T Bank Corp. (L)
22,500
1,990,575
Wells Fargo & Company
174,800
5,541,160
13,318,454
Diversified Financial Services
Bank of America Corp.
375,000
4,998,750
Citigroup, Inc. (I)
514,306
2,273,233
JPMorgan Chase & Company
120,000
5,532,000
12,803,983
Real Estate Investment Trusts
Westfield Retail Trust (I)
364,900
988,306
27,110,743
Health Care - 4.61%
Pharmaceuticals
Johnson & Johnson
80,000
4,740,000
Merck & Company, Inc.
230,000
7,592,300
Pfizer, Inc.
200,000
4,062,000
Roche Holdings AG
37,500
5,356,554
21,750,854
21,750,854
Income Trust (continued)
Shares or
Principal
Amount
Value
Pharmaceuticals (continued)
Industrials - 0.53%
Industrial Conglomerates
General Electric Company
125,000
$
2,506,250
Information Technology - 1.79%
Office Electronics
Xerox Corp.
150,000
1,597,500
Intel Corp.
200,000
4,034,000
Maxim Integrated Products, Inc. (L)
110,000
2,816,000
Semiconductors & Semiconductor Equipment
6,850,000
8,447,500
Materials - 1.53%
Metals & Mining
Barrick Gold Corp.
52,600
2,730,466
Newmont Mining Corp.
70,000
3,820,600
Nucor Corp.
15,000
690,300
7,241,366
7,241,366
Telecommunication Services - 3.34%
Diversified Telecommunication Services
AT&T, Inc.
160,000
4,896,000
CenturyLink, Inc. (L)
30,000
1,246,500
Frontier Communications Corp. (L)
69,203
568,849
Telstra Corp., Ltd.
500,000
1,457,507
Verizon Communications, Inc.
80,000
3,083,200
11,252,056
Wireless Telecommunication Services
Vodafone Group PLC
1,600,000
4,530,258
15,782,314
Utilities - 14.13%
Electric Utilities
American Electric Power Company, Inc.
110,100
3,868,914
Duke Energy Corp. (L)
260,000
4,719,000
Entergy Corp.
40,000
2,688,400
FirstEnergy Corp.
40,000
1,483,600
Nextera Energy, Inc.
90,000
4,960,800
Pinnacle West Capital Corp.
65,000
2,781,350
PPL Corp. (I)
35,500
898,150
Progress Energy, Inc. (I)
100,000
4,614,000
Southern Company (L)
190,000
7,240,900
33,255,114
Gas Utilities
AGL Resources, Inc.
50,000
1,992,000
30,000
170,700
CenterPoint Energy, Inc.
90,000
1,580,400
Consolidated Edison, Inc. (L)
60,000
3,043,200
Dominion Resources, Inc. (L)
90,000
4,023,000
NiSource, Inc. (L)
30,000
575,400
PG&E Corp.
135,000
5,964,300
Public Service Enterprise Group, Inc.
150,000
4,726,500
Sempra Energy (I)
70,000
3,745,000
TECO Energy, Inc.
180,000
3,376,800
Independent Power Producers & Energy Traders
Dynegy, Inc.
Multi-Utilities
181
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
Income Trust (continued)
Shares or
Principal
Amount
Value
Multi-Utilities (continued)
Xcel Energy, Inc.
180,000
$
4,300,200
31,334,800
66,752,614
TOTAL COMMON STOCKS (Cost $194,047,073)
PREFERRED SECURITIES - 6.66%
Consumer Discretionary - 0.36%
Automobiles - 0.36%
General Motors Company,
$
195,733,751
Series B, 4.750%
23,600
1,137,520
85,000
584,375
Motors Liquidation Company,
Series C, 6.250%
1,721,895
1,721,895
Energy - 1.73%
Oil, Gas & Consumable Fuels - 1.73%
Chesapeake Energy Corp., 5.750% (S)
1,900
2,582,708
Sandridge Energy, Inc., 7.000% (S)
30,000
5,590,140
8,172,848
8,172,848
Financials - 3.86%
Commercial Banks - 1.01%
Wells Fargo & Company,
Series L, 7.500%
4,600
4,761,920
Ally Financial, Inc., 7.000% (S)
1,341
1,247,801
Bank of America Corp., Series L, 7.250%
5,350
5,408,797
Citigroup, Inc., 7.500%
18,300
2,314,950
Diversified Financial Services - 1.90%
8,971,548
Insurance - 0.29%
Metlife, Inc., 5.000%
16,300
1,383,055
90,000
2,436,300
94,900
161,330
20
115,000
80,000
120,000
60,200
87,290
56,800
49,416
79,300
134,810
Real Estate Investment Trusts - 0.52%
FelCor Lodging Trust, Inc.,
Series A, 1.950%
Thrifts & Mortgage Finance - 0.14%
Federal Home Loan Mortgage Corp.,
Series Z (8.375% to 12/31/2012, then
higher of 3 month LIBOR + 4.160%
or 7.875%) (Q)
Federal National Mortgage
Association, 5.375%
Federal National Mortgage Association,
Series Q, 6.750%
Federal National Mortgage Association,
Series R, 7.625%
Federal National Mortgage Association,
Series 08-1, 8.750% (L)
Federal National Mortgage Association,
Series S (8.250% to 12/31/2015, then
the higher of 3 month
LIBOR + 4.230% or 7.750%) (Q)
667,846
18,220,669
Health Care - 0.37%
Health Care Providers & Services - 0.37%
Tenet Healthcare Corp., 7.000%
1,500
1,747,950
Income Trust (continued)
Shares or
Principal
Amount
Value
PREFERRED SECURITIES (continued)
Materials - 0.23%
Metals & Mining - 0.23%
AngloGold Ashanti Holdings
Finance PLC, 6.000%
20,000
$
1,076,800
Utilities - 0.11%
Electric Utilities - 0.11%
Nextera Energy, Inc., 8.375%
10,000
TOTAL PREFERRED SECURITIES (Cost $35,363,926)
516,100
$
31,456,262
WARRANTS - 0.06%
Charter Communications, Inc., Class A
(Expiration Date: 11/30/2014; Strike
Price: $46.86) (I)
22,772
TOTAL WARRANTS (Cost $91,088)
267,571
$
267,571
SECURITIES LENDING COLLATERAL - 3.69%
John Hancock Collateral
Investment Trust, 0.2867% (W)(Y)
1,743,458
17,446,606
TOTAL SECURITIES LENDING
COLLATERAL (Cost $17,447,077)
$
17,446,606
SHORT-TERM INVESTMENTS - 1.27%
U.S. Government & Agency
Obligations* - 1.24%
Federal Home Loan Bank Discount Notes,
0.0011%, 04/01/2011
$
5,875,000 $
5,875,000
116,000
116,000
Repurchase Agreement - 0.03%
Repurchase Agreement with State
Street Corp. dated 03/31/2011 at
0.010% to be repurchased at $116,000
on 04/01/2011, collateralized by
$110,000 Federal Home Loan
Mortgage Corp., 4.500% due
01/15/2014 (valued at $120,588,
including interest)
TOTAL SHORT-TERM INVESTMENTS (Cost $5,991,000)
$
5,991,000
$
482,419,144
Total Investments (Income Trust)
(Cost $468,826,570) - 102.14%
Other assets and liabilities, net - (2.14%)
TOTAL NET ASSETS - 100.00%
International Core Trust
(10,091,772)
$
472,327,372
Shares or
Principal
Amount
Value
COMMON STOCKS - 94.80%
Australia - 4.38%
BHP Billiton, Ltd.
75,538
BlueScope Steel, Ltd.
496,670
$
3,620,354
1,012,962
Boart Longyear Group
177,917
859,987
Commonwealth Bank of Australia
86,197
4,672,427
Dexus Property Group
1,260,288
1,108,372
General Property Trust, Ltd.
479,366
1,556,925
Goodman Group
2,061,760
1,460,558
ING Office Fund
1,529,447
980,852
Macquarie Office Trust
344,572
1,179,104
Mirvac Group, Ltd.
723,068
931,193
Pacific Brands, Ltd. (I)
550,401
481,030
Qantas Airways, Ltd. (I)
374,379
843,004
182
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
International Core Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Australia (continued)
QBE Insurance Group, Ltd.
58,401
Rio Tinto, Ltd.
24,030
$
1,066,204
2,102,804
Stockland
642,189
2,464,673
Suncorp-Metway, Ltd.
61,876
541,597
TABCORP Holdings, Ltd.
202,496
1,567,806
Telstra Corp., Ltd.
1,634,831
4,765,555
Wesfarmers, Ltd.
86,864
2,851,590
Woodside Petroleum, Ltd.
56,553
2,734,924
Woolworths, Ltd.
50,856
1,413,259
38,215,180
Austria - 0.59%
Immofinanz AG (I)(L)
200,682
906,264
OMV AG
59,117
2,670,638
Raiffeisen International Bank Holding AG (L)
16,605
921,706
Voestalpine AG
14,060
660,257
5,158,865
Belgium - 0.84%
Ageas
322,336
918,071
Belgacom SA
43,295
1,678,461
Colruyt SA
27,175
1,431,732
Delhaize Group SA
13,275
1,081,318
Dexia SA (I)
179,453
699,312
Mobistar SA
10,507
729,027
Umicore
16,004
794,788
7,332,709
Bermuda - 0.04%
Golden Ocean Group, Ltd. (L)
287,933
369,138
Barrick Gold Corp.
46,100
2,396,059
BCE, Inc. (L)
46,000
1,671,088
Canadian Pacific Railway, Ltd.
11,500
739,226
Encana Corp.
176,900
6,118,058
IGM Financial, Inc.
14,600
742,575
Magna International, Inc.
45,800
2,195,755
Metro, Inc.
12,400
590,903
National Bank of Canada (L)
11,635
945,561
Penn West Petroleum, Ltd. (L)
25,800
716,386
Research In Motion, Ltd. (I)
27,700
1,566,571
RONA, Inc.
44,800
656,173
Sun Life Financial, Inc.
54,200
1,703,429
Yellow Media, Inc. (L)
86,300
490,472
Canada - 2.35%
20,532,256
Denmark - 1.64%
Carlsberg A/S
14,052
1,513,327
H. Lundbeck A/S
7,303
169,455
Novo Nordisk A/S
100,959
12,654,352
14,337,134
Finland - 1.25%
Metso OYJ (L)
41,198
2,215,030
Neste Oil OYJ (L)
62,623
1,290,663
Nokia OYJ
257,959
2,194,968
Sampo OYJ
25,413
810,896
Stora Enso OYJ, Series R
154,016
1,834,519
UPM-Kymmene OYJ
106,408
2,250,334
YIT Oyj
11,805
349,910
10,946,320
France - 10.85%
Arkema
17,006
1,543,747
BNP Paribas
77,347
5,660,026
Casino Guichard Perrachon SA
10,169
962,376
International Core Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
France (continued)
Cie de Saint-Gobain
23,838
Dassault Systemes SA
13,294
$
1,459,535
1,022,760
Essilor International SA
10,942
813,081
Eutelsat Communications
9,885
394,775
France Telecom SA
100,556
2,255,672
Hermes International SA (L)
9,755
2,142,162
L’Oreal SA
11,353
1,322,291
Lagardere S.C.A
36,919
1,578,516
LVMH Moet Hennessy Louis Vuitton SA (I)
33,282
5,267,447
Peugeot SA (I)
20,091
795,177
PPR
6,633
1,016,575
Renault SA (I)
36,472
2,016,322
Rhodia SA
87,823
2,569,720
Sanofi-Aventis SA
344,336
24,183,327
Schneider Electric SA
18,129
3,098,684
Societe Generale
33,160
2,156,151
Total SA
409,078
24,903,274
Valeo SA (I)
31,304
1,824,610
Vivendi SA
201,594
5,753,891
Wendel
11,150
1,213,023
Zodiac SA
9,937
723,541
94,676,683
Germany - 6.64%
Aixtron AG (L)
20,235
884,938
BASF SE
61,313
5,315,988
Bayerische Motoren Werke (BMW) AG
61,571
5,140,138
Daimler AG (I)(L)
116,609
8,228,969
Deutsche Lufthansa AG (I)
53,092
1,125,589
Deutsche Post AG
25,445
459,242
Dialog Semiconductor PLC (I)
22,025
459,103
E.ON AG
284,698
8,698,904
Fresenius AG
6,843
633,152
Heidelberger Druckmaschinen AG (I)
49,277
232,934
Infineon Technologies AG
356,844
3,657,948
Kloeckner & Company SE (I)
32,556
1,088,145
Lanxess AG
43,589
3,260,608
Leoni AG (I)
19,732
843,168
MAN AG
20,806
2,593,687
MTU Aero Engines Holding AG
20,634
1,398,030
Norddeutsche Affinerie AG
27,985
1,494,568
Puma AG
2,686
788,966
RWE AG
13,469
861,077
Salzgitter AG
19,673
1,553,603
SAP AG
53,347
3,272,962
Siemens AG
12,710
1,741,057
Software AG
8,165
1,352,506
Stada Arzneimittel AG
7,246
280,818
Suedzucker AG
45,996
1,282,139
Symrise AG
28,218
827,582
Volkswagen AG
3,057
468,887
57,944,708
Greece - 0.50%
Alpha Bank A.E. (I)
137,267
887,070
National Bank of Greece SA (I)
122,032
1,084,735
OPAP SA
90,480
1,935,385
Public Power Corp. SA
27,930
486,297
4,393,487
Hong Kong - 1.63%
Cathay Pacific Airways, Ltd.
242,000
578,280
CLP Holdings, Ltd.
395,096
3,205,189
Esprit Holdings, Ltd.
196,030
896,005
Hong Kong & China Gas Company, Ltd.
455,200
1,090,725
Hong Kong Electric Holdings, Ltd.
386,646
2,576,565
183
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
International Core Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Hong Kong (continued)
Hutchison Whampoa, Ltd.
198,000
Pacific Basin Shipping, Ltd.
1,754,000
$
2,339,740
1,109,849
Swire Pacific, Ltd.
105,500
1,549,535
Yue Yuen Industrial Holdings, Ltd.
283,282
898,122
14,244,010
Ireland - 0.92%
C&C Group PLC
155,138
701,860
CRH PLC
157,596
3,626,062
DCC PLC
39,334
1,253,917
Experian PLC
47,316
586,096
Kerry Group PLC
44,444
1,654,558
Shire PLC
6,754
196,112
8,018,605
Israel - 0.36%
Bezek Israeli Telecommunications Corp., Ltd.
314,024
930,053
Discount Investment Corp.
18,824
387,798
Israel Chemicals, Ltd.
60,071
987,221
Makhteshim-Agan Industries, Ltd. (I)
150,435
794,955
3,100,027
Italy - 5.80%
BGP Holdings PLC (I)
2,126,418
3
Enel SpA
2,108,900
13,292,495
Eni SpA
880,692
21,618,757
Fondiaria-Sai SpA (L)
72,412
600,942
Italcementi SpA - RSP
34,167
180,425
Mediaset SpA
125,613
798,926
Recordati SpA
53,884
541,801
Saipem SpA
55,118
2,927,345
Snam Rete Gas SpA
293,792
1,652,113
Telecom Italia SpA
1,278,592
1,968,901
Telecom Italia SpA
2,082,872
2,805,183
Terna Rete Elettrica Nazionale SpA
318,943
1,528,129
UniCredit Italiano SpA
1,100,262
2,721,110
50,636,130
Japan - 22.28%
Advance Residence Investment Corp. (I)
430
845,732
AEON Company, Ltd.
121,000
1,402,308
Aiful Corp. (I)(L)
275,850
338,378
Aisin Seiki Company, Ltd.
20,000
694,398
Alps Electric Company, Ltd.
175,854
1,689,196
Anritsu Corp. (L)
63,000
479,430
Asahi Diamond Industrial Company, Ltd.
32,000
613,994
Asahi Kasei Corp. (L)
140,000
930,691
Astellas Pharma, Inc. (L)
106,626
3,931,702
Bank of Yokohama, Ltd.
68,000
322,914
Calsonic Kansei Corp.
65,000
257,874
Canon, Inc.
33,900
1,475,331
Circle K Sunkus Company, Ltd.
18,000
272,016
Cosmo Oil Company, Ltd.
229,000
713,044
CyberAgent, Inc.
430
1,498,871
Dai Nippon Printing Company, Ltd.
19,000
231,390
Daikyo, Inc. (I)(L)
393,000
609,485
Manufacturing Company, Ltd.
233,000
2,411,607
Daito Trust Construction Company, Ltd. (L)
56,700
3,865,414
Dena Company, Ltd.
52,200
1,885,802
Denki Kagaku Kogyo Kabushiki Kaisha
99,000
487,978
Don Quijote Company, Ltd.
34,300
1,074,020
Eisai Company, Ltd. (L)
39,720
1,424,916
Electric Power Development Company, Ltd.
20,100
619,094
Fanuc, Ltd.
35,900
5,396,538
Fast Retailing Company, Ltd.
10,700
1,339,108
Dainippon Screen
International Core Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Japan (continued)
Fuji Heavy Industries, Ltd.
304,884
Gunze, Ltd.
103,000
$
1,964,629
373,960
Hanwa Company, Ltd.
175,000
774,225
Haseko Corp. (I)
1,071,000
815,079
Hikari Tsushin, Inc.
20,400
398,779
Hitachi, Ltd.
889,000
4,584,545
Honda Motor Company, Ltd.
141,788
5,307,579
Hosiden Corp.
44,900
456,125
Inpex Corp.
129
970,422
Isuzu Motors, Ltd.
442,000
1,748,233
Itochu Corp.
263,400
2,758,132
JFE Holdings, Inc.
47,800
1,398,716
JX Holdings, Inc.
1,066,300
7,178,745
K’s Holding Corp.
45,500
1,312,816
Kajima Corp. (L)
542,000
1,515,327
Kakaku.com, Inc.
124
686,378
Kao Corp. (L)
127,350
3,176,860
Kawasaki Kisen Kaisha, Ltd.
407,000
1,502,152
KDDI Corp.
583
3,578,106
Kobe Steel Company, Ltd.
156,000
399,650
Komatsu, Ltd.
120,000
4,049,408
Konami Corp.
36,177
659,429
Lawson, Inc.
13,200
636,355
Leopalace21 Corp. (I)(L)
196,600
257,627
Makino Milling Machine Company, Ltd. (I)
55,000
466,819
Marubeni Corp.
297,176
2,140,039
Marui Company, Ltd.
90
581
Mazda Motor Corp.
633,512
1,393,757
Mitsubishi Chemical Holdings Corp.
318,500
2,002,591
Mitsubishi Corp.
37,305
1,035,552
Mitsubishi Electric Corp.
201,000
2,344,793
Finance Company, Ltd.
27,700
1,110,598
Mitsui Mining & Smelting Company, Ltd.
316,000
1,097,908
Mitsui O.S.K. Lines, Ltd.
197,000
1,134,443
Mizuho Financial Group, Inc. (L)
1,557,700
2,584,306
Murata Manufacturing Company, Ltd.
12,800
921,760
Net One Systems Company, Ltd.
242
362,505
NICHIREI Corp.
135,000
576,160
Nintendo Company, Ltd.
5,500
1,485,754
Nippon Light Metal Company, Ltd.
647,000
1,275,643
Nippon Steel Corp.
315,000
1,007,333
Nippon Telegraph & Telephone Corp.
107,900
4,840,594
Nippon Yakin Kogyo Company, Ltd. (I)
95,500
215,845
Nippon Yusen Kabushiki Kaisha
403,000
1,574,597
Nissan Motor Company, Ltd.
500,200
4,437,937
Nisshinbo Holdings, Inc.
56,000
543,304
Nitori Company, Ltd.
14,600
1,274,657
Nitto Denko Corp.
36,700
1,921,010
Nomura Research Institute, Ltd.
16,000
353,162
NTT DoCoMo, Inc. (L)
3,021
5,257,713
Obayashi Corp.
204,000
906,173
OKUMA Corp.
96,000
785,958
Omron Corp.
28,600
803,881
Ono Pharmaceutical Company, Ltd.
10,600
518,633
Oriental Land Company, Ltd.
9,100
723,143
ORIX Corp. (L)
27,240
2,551,089
Mitsubishi UFJ Lease &
Osaka Gas Company, Ltd. (L)
530,880
2,104,861
Pioneer Corp. (I)
251,500
1,046,153
Point, Inc.
18,050
755,157
Resona Holdings, Inc.
599,700
2,855,028
Ricoh Company, Ltd. (L)
111,000
1,302,428
Round One Corp.
117,500
539,381
Ryohin Keikaku Company, Ltd.
19,700
798,194
Sankyo Company, Ltd.
31,000
1,589,505
184
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
International Core Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Japan (continued)
Sawai Pharmaceutical Company, Ltd.
6,900
Secom Company, Ltd.
26,100
$
595,600
1,205,583
Sega Sammy Holdings, Inc.
68,800
1,177,504
Seven & I Holdings Company, Ltd.
50,200
1,280,649
Shimamura Company, Ltd.
7,700
678,541
Showa Shell Sekiyu KK
108,300
1,130,132
Softbank Corp.
74,800
2,957,518
Sojitz Holdings Corp.
862,100
1,693,172
Sumitomo Corp.
319,500
4,567,029
Sumitomo Heavy Industries, Ltd. (L)
121,000
789,889
Taiheiyo Cement Corp. (L)
996,000
1,653,092
Taisei Corp.
544,000
1,340,707
Taisho Pharmaceuticals Company, Ltd.
30,210
653,739
Takeda Pharmaceutical Company, Ltd. (L)
239,711
11,181,518
Takefuji Corp.
62,930
757
Banking Company, Ltd.
396,268
2,053,276
Toho Zinc Company, Ltd.
129,000
601,731
Tokyo Gas Company, Ltd. (L)
197,603
896,423
Tokyo Steel Manufacturing Company, Ltd.
99,800
1,165,013
Tokyo Tatemono Company, Ltd.
303,000
1,132,881
TonenGeneral Sekiyu KK
90,867
1,121,909
Tosoh Corp.
216,000
776,437
Toyo Engineering Corp.
98,000
377,014
Toyota Motor Corp.
159,600
6,383,987
Toyota Tsusho Corp.
119,000
1,962,828
Tsugami Corp. (L)
56,000
390,478
UNY Company, Ltd.
120,000
1,110,765
The Sumitomo Trust &
USS Company, Ltd.
9,900
770,053
Yahoo! Japan Corp.
2,214
792,121
Yamada Denki Company, Ltd.
34,820
2,318,480
Yamaha Motor Company, Ltd. (I)
24,900
430,341
Zeon Corp.
153,000
1,410,808
194,553,428
Netherlands - 1.77%
ASML Holding NV
17,404
767,635
CSM
35,973
1,272,180
Heineken NV
30,184
1,649,286
ING Groep NV (I)
650,372
8,254,672
Koninklijke BAM Groep NV
190,394
1,467,023
Koninklijke Boskalis Westinster NV
7,175
379,371
Koninklijke DSM NV
15,301
939,602
Wereldhave NV
6,398
683,879
15,413,648
New Zealand - 0.36%
Fletcher Building, Ltd.
173,526
1,236,530
Telecom Corp. of New Zealand, Ltd.
1,248,750
1,919,996
3,156,526
Norway - 0.01%
DnB NOR ASA
6,470
99,277
11,885
191,169
CapitaCommercial Trust
933,000
1,027,781
Cosco Corp. Singapore, Ltd.
507,000
822,268
Ezra Holdings, Ltd.
442,000
615,956
Genting Singapore PLC (I)
1,237,000
2,007,649
Golden Agri-Resources, Ltd.
5,431,000
2,965,951
Neptune Orient Lines, Ltd. (I)
792,146
1,216,288
Oversea-Chinese Banking Corp., Ltd.
153,000
1,163,573
SembCorp Marine, Ltd.
619,426
2,872,101
Singapore Exchange, Ltd.
311,000
1,937,926
Portugal - 0.02%
Jeronimo Martins SGPS SA
Singapore - 2.41%
International Core Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Singapore (continued)
Singapore Press Holdings, Ltd.
468,000
Singapore Telecommunications, Ltd.
1,290,210
$
1,463,587
3,092,767
Suntec Real Estate Investment Trust
842,000
1,029,186
Swiber Holdings, Ltd. (I)
568,000
367,455
Venture Corp., Ltd. (I)
64,000
488,325
21,070,813
Spain - 2.12%
Banco Popular Espanol SA (L)
234,070
1,376,182
Banco Santander SA
261,439
3,046,983
Gas Natural SDG SA
73,742
1,384,776
Iberdrola SA
196,640
1,710,317
Inditex SA
29,400
2,360,143
Repsol YPF SA
155,561
5,338,091
Telefonica SA
132,133
3,308,178
18,524,670
Sweden - 3.41%
Alfa Laval AB
57,842
1,255,356
Assa Abloy AB, Series B
27,606
793,652
Atlas Copco AB, Series A
140,157
3,726,126
Boliden AB
93,015
1,999,255
Hennes & Mauritz AB, B Shares
107,117
3,560,597
Modern Times Group AB, B Shares
10,505
798,747
NCC AB
41,736
1,195,890
Sandvik AB
130,743
2,471,801
Scania AB, Series B
36,542
848,610
AB, Series A (L)
155,249
1,385,235
SKF AB, B Shares
45,807
1,334,075
Swedbank AB, Class A (L)
241,399
4,132,218
Swedish Match AB
25,855
859,382
Trelleborg AB, Series B
157,497
1,616,155
Volvo AB, Series B (I)(L)
213,588
3,752,922
Skandinaviska Enskilda Banken
29,730,021
Switzerland - 5.30%
Clariant AG (I)
58,043
1,046,843
Compagnie Financiere Richemont SA
102,244
5,904,059
Nestle SA
177,402
10,179,279
Novartis AG
305,157
16,544,751
Roche Holdings AG
39,122
5,588,243
Swisscom AG
2,778
1,238,607
Synthes AG
22,458
3,039,159
The Swatch Group AG, BR Shares
6,087
2,690,160
46,231,101
United Kingdom - 19.33%
3i Group PLC
281,571
1,351,885
Acergy SA
39,499
997,052
Aggreko PLC
52,955
1,338,830
Amlin PLC
101,488
621,479
Antofagasta PLC
58,836
1,283,134
ARM Holdings PLC
321,131
2,993,146
Asos PLC (I)(L)
16,359
448,432
Associated British Foods PLC
44,870
714,680
AstraZeneca PLC
443,107
20,371,793
Barclays PLC
933,096
4,185,917
BG Group PLC
209,551
5,205,705
BHP Billiton PLC
64,823
2,569,587
BP PLC
534,753
3,894,640
British American Tobacco PLC
60,472
2,430,105
BT Group PLC
2,022,500
6,041,275
Burberry Group PLC
164,730
3,102,828
Capita Group PLC
71,024
847,334
Centrica PLC
399,598
2,084,135
185
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
International Core Trust (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
United Kingdom (continued)
Cobham PLC
325,736
$
1,204,525
Compass Group PLC
85,726
771,578
Cookson Group PLC (I)
74,862
828,477
Diageo PLC
93,949
1,788,073
Dixons Retail PLC (I)
964,227
194,297
Drax Group PLC
187,802
1,193,999
Eurasian Natural Resources Corp.
57,469
862,927
FirstGroup PLC
91,903
481,220
GlaxoSmithKline PLC
1,354,999
25,856,021
Home Retail Group PLC
416,602
1,290,512
HSBC Holdings PLC
1
10
IMI PLC
84,087
1,389,521
Kazakhmys PLC
42,918
962,021
Lloyds Banking Group PLC (I)
2,211,239
2,061,441
National Express Group PLC (I)
58,059
228,475
Next PLC
78,963
2,508,113
Petrofac, Ltd.
17,392
415,881
Reckitt Benckiser Group PLC
46,614
2,394,111
Reed Elsevier PLC
73,563
637,045
Rio Tinto PLC
111,671
7,879,285
Royal Dutch Shell PLC
407,884
14,797,464
Royal Dutch Shell PLC, B Shares
267,275
9,699,447
Sage Group PLC
220,783
986,136
Scottish & Southern Energy PLC
89,337
1,807,194
Smith & Nephew PLC
142,986
1,611,752
Standard Chartered PLC
122,324
3,172,971
Taylor Woodrow PLC (I)
1,223,782
798,104
The Weir Group PLC
54,154
1,503,879
Travis Perkins PLC
103,809
1,692,169
United Utilities Group PLC
54,538
518,043
Vodafone Group PLC
4,165,960
11,795,547
William Hill PLC
332,084
962,158
Wolseley PLC (I)
92,902
3,132,417
Xstrata PLC
117,446
2,742,262
Yell Group PLC (I)(L)
1,376,389
146,916
168,795,948
TOTAL COMMON STOCKS (Cost $779,820,692)
$
827,671,853
PREFERRED SECURITIES - 0.95%
Germany - 0.95%
Porsche Automobil Holding SE (L)
32,596
2,139,998
ProSiebenSat.1 Media AG
48,173
1,412,613
Volkswagen AG
29,380
4,776,037
8,328,648
TOTAL PREFERRED SECURITIES (Cost $6,391,999)
$
8,328,648
Rights - 0.03%
Porsche Automobil Holding SE (Expiration
Date: 04/12/2011, Strike Price:
EUR 38.00) (I)(L)
32,596
TOTAL RIGHTS (Cost $220,435)
282,575
$
282,575
SECURITIES LENDING COLLATERAL - 8.67%
John Hancock Collateral
Investment Trust, 0.2867% (W)(Y)
7,565,408
75,706,279
TOTAL SECURITIES LENDING
COLLATERAL (Cost $75,707,472)
$
75,706,279
International Core Trust (continued)
Shares or
Principal
Amount
Value
SHORT-TERM INVESTMENTS - 3.13%
Money Market Funds* - 3.13%
State Street Institutional Treasury Money
Market Fund, 0.0027%
$
27,333,394 $
27,333,394
$
27,333,394
$
939,322,749
TOTAL SHORT-TERM INVESTMENTS (Cost $27,333,394)
Total Investments (International Core Trust)
(Cost $889,473,992) - 107.58%
Other assets and liabilities, net - (7.58%)
(66,220,831)
TOTAL NET ASSETS - 100.00%
$
873,101,918
International Equity Index Trust A
Shares or
Principal
Amount
Value
COMMON STOCKS - 93.10%
Australia - 5.77%
AGL Energy, Ltd.
9,204
$
136,156
Alumina, Ltd.
51,496
131,154
Amcor, Ltd.
28,679
209,276
AMP, Ltd.
67,186
376,997
Asciano Group
48,810
87,794
Australia & New Zealand Banking Group, Ltd.
53,359
1,312,908
Australian Stock Exchange, Ltd.
3,619
128,796
Bendigo and Adelaide Bank, Ltd.
7,031
69,309
BHP Billiton, Ltd.
68,856
3,300,101
Billabong International, Ltd.
4,341
33,867
BlueScope Steel, Ltd.
43,158
88,021
Boral, Ltd.
13,845
71,528
Brambles, Ltd.
31,098
227,572
Caltex Australia, Ltd.
2,853
46,000
CFS Gandel Retail Trust
57,869
110,093
Coca-Cola Amatil, Ltd.
11,680
141,780
Cochlear, Ltd.
1,118
95,973
Commonwealth Bank of Australia
31,643
1,715,252
Computershare, Ltd.
8,579
82,188
Crown, Ltd.
9,470
79,740
CSL, Ltd.
10,802
399,085
CSR, Ltd.
9,926
33,646
Dexus Property Group
85,097
74,839
Duluxgroup, Ltd.
7,815
21,895
Fortescue Metals Group, Ltd.
26,436
174,679
Foster’s Group, Ltd.
40,218
237,792
General Property Trust, Ltd.
34,392
111,701
Goodman Fielder, Ltd.
32,169
40,909
Goodman Group
109,709
77,718
Harvey Norman Holding, Ltd.
8,189
25,389
Incitec Pivot, Ltd.
37,552
167,865
James Hardie Industries, Ltd. (I)
7,997
50,354
John Fairfax Holdings, Ltd. (L)
67,003
89,355
Leighton Holdings, Ltd. (L)
2,698
82,207
Lend Lease Corp.
11,006
103,116
MacArthur Coal, Ltd.
2,901
34,776
Macquarie Airports, Ltd.
15,846
49,801
Macquarie Group, Ltd.
7,205
272,373
Metcash, Ltd.
13,891
59,754
Mirvac Group, Ltd.
56,704
73,025
National Australia Bank, Ltd.
42,964
1,149,216
Newcrest Mining, Ltd.
15,237
629,539
NRMA Insurance Group, Ltd.
44,162
163,936
OneSteel, Ltd.
39,026
98,320
Orica, Ltd.
7,892
215,059
Origin Energy, Ltd.
22,323
372,763
186
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
International Equity Index Trust A (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Australia (continued)
Oxiana, Ltd.
57,819
$
95,214
Paladin Resources, Ltd. (I)
11,802
44,103
Qantas Airways, Ltd. (I)
27,133
61,096
QBE Insurance Group, Ltd.
21,579
393,959
QR National, Ltd. (I)
33,938
117,721
Rio Tinto, Ltd.
8,708
762,015
Santos, Ltd.
17,678
282,983
Sims Group, Ltd.
3,008
54,394
Sonic Healthcare, Ltd.
6,566
81,328
SP Ausnet
25,562
23,246
Stockland
45,247
173,655
Suncorp-Metway, Ltd.
26,715
233,835
TABCORP Holdings, Ltd.
13,706
106,117
Tattersall’s, Ltd.
25,812
62,406
Telstra Corp., Ltd.
93,559
272,726
Toll Holdings, Ltd.
11,569
70,896
Transurban Group, Ltd.
31,744
176,462
Wesfarmers, Ltd.
21,437
703,738
Wesfarmers, Ltd.
2,902
96,447
Westfield Group
43,325
418,226
Westfield Retail Trust
47,784
129,420
Westpac Banking Corp.
60,238
1,514,226
Woodside Petroleum, Ltd.
11,653
563,543
Woolworths, Ltd.
25,669
713,327
WorleyParsons, Ltd.
2,956
94,628
20,499,328
Austria - 0.22%
Erste Group Bank AG
3,990
201,373
Immoeast AG (I)
6,755
0
Immofinanz AG (I)(L)
10,132
45,755
Oesterreichische Elektrizitaets AG, Class A
1,380
61,281
OMV AG
2,190
98,934
Raiffeisen International Bank Holding AG
1,623
90,089
Telekom Austria AG
7,482
109,537
Voestalpine AG
2,319
108,900
1,013
57,860
Wiener Staedtische Allgemeine
Versicherung AG
773,729
Belgium - 0.64%
Ageas
57,864
164,807
Ageas, VVPR (I)
16,796
48
Anheuser-Busch InBev NV
15,240
869,318
Anheuser-Busch InBev NV, VVPR (I)
6,160
44
Bekaert SA (I)
759
86,615
Belgacom SA
3,210
124,445
Colruyt SA
1,790
94,307
Compagnie Nationale A Portefeuille, ADR (I)
708
48,806
Delhaize Group SA
1,944
158,349
Dexia SA (I)
8,130
31,682
Groupe Bruxelles Lambert SA
1,576
147,313
KBC Bancassurance Holding NV
4,197
157,884
Mobistar SA
683
47,390
Solvay SA
1,341
158,849
UCB SA
2,353
89,417
Umicore
2,192
108,859
2,288,133
Bermuda - 0.07%
Seadrill, Ltd.
7,387
266,962
All America Latina Logistica SA
8,400
68,943
B2W Companhia Global Do Varejo
1,891
25,887
Banco do Brasil SA
12,102
219,039
Brazil - 1.58%
International Equity Index Trust A (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Brazil (continued)
Banco Santander Brasil SA
11,780
BM&F Bovespa SA
30,300
$
142,862
219,922
BR Malls Participacoes SA
8,056
83,883
Brasil Telecom SA
584
6,317
Brasil Telecom SA - New York Exchange
494
13,343
Brookfield Incorporacoes SA
7,830
40,669
Centrais Eletricas Brasileiras SA (I)
3,600
54,397
Cia de Concessoes Rodoviarias, ADR
2,900
84,194
Sao Paulo
2,558
73,639
Cielo SA
15,488
131,292
Companhia Siderurgica Nacional SA
16,000
261,464
Companhia Siderurgica Nacional SA, SADR
200
3,332
Cosan SA Industria e Comercio
2,887
44,915
CPFL Energia SA
2,200
62,511
Cyrela Brazil Realty SA
6,000
56,889
Duratex SA
4,152
43,869
EDP - Energias do Brasil SA
1,600
38,906
Empresa Brasileira de Aeronautica SA
12,500
103,360
Fibria Celulose SA
2,814
45,416
Gafisa SA
8,032
50,770
Hypermarcas SA
5,544
73,347
JBS SA
9,071
32,558
Localiza Rent A Car SA
1,961
31,469
Lojas Renner SA (I)
3,300
106,904
Cia de Saneamento Basico do Estado de
Marfrig Frigorificos e Comercio
de Alimentos SA
4,561
40,759
MMX Mineracao e Metalicos SA (I)
3,720
23,377
MRV Engenharia e Participacoes SA
7,455
59,635
Multiplan Empreendimentos Imobiliarios SA
1,514
31,297
Natura Cosmeticos SA
3,400
95,795
OGX Petroleo e Gas Participacoes SA (I)
28,200
339,405
e Participacoes
20,914
117,338
Perdigao SA
13,756
259,760
Petroleo Brasileiro SA
54,015
1,079,208
Porto Seguro SA
2,616
44,224
Redecard SA
8,535
125,726
Rossi Residencial SA (I)
2,703
22,533
Souza Cruz SA
8,000
83,300
Tam SA
91
1,692
Tele Norte Leste Participacoes SA
700
15,992
Tele Norte Leste Participacoes SA, ADR
1,336
23,420
Tractebel Energia SA
2,800
47,334
Ultrapar Participacoes SA
6,000
99,335
Usinas Siderurgicas de Minas Gerais SA
3,000
51,450
Vale Fertilizantes SA
28,300
924,757
PDG Realty SA Empreendimentos
5,606,434
Canada - 8.13%
Agnico-Eagle Mines, Ltd.
3,487
231,807
Agrium, Inc.
3,239
299,111
Alimentation Couche Tard, Inc.
3,100
81,505
ARC Resources, Ltd.
2,700
73,383
Athabasca Oil Sands Corp. (I)
4,200
72,953
Bank of Montreal (L)
12,191
791,943
Bank of Nova Scotia
20,852
1,279,511
Barrick Gold Corp.
21,010
1,092,000
Baytex Energy Corp.
2,200
128,642
BCE, Inc.
5,238
190,286
Bombardier, Inc.
36,262
266,682
Bonavista Energy Corp.
1,500
46,416
Brookfield Asset Management, Inc.
10,948
355,824
Brookfield Properties Corp.
5,290
93,632
CAE, Inc.
5,584
74,185
187
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
International Equity Index Trust A (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Canada (continued)
Cameco Corp.
8,634
Canadian Imperial Bank of Commerce
7,870
$
259,688
678,630
Canadian National Railway Company
9,702
732,028
Canadian Natural Resources, Ltd.
22,716
1,123,265
Canadian Oil Sands, Ltd.
4,900
165,119
Canadian Pacific Railway, Ltd.
3,326
213,797
Canadian Tire Corp., Ltd.
1,446
95,977
Canadian Utilities, Ltd.
1,300
71,001
Cenovus Energy, Inc.
15,836
625,600
CGI Group, Inc. (I)
4,924
103,254
Chorus Aviation, Inc.
350
1,942
CI Financial Corp.
2,467
58,653
Crescent Point Energy Corp.
4,900
237,798
Eldorado Gold Corp.
11,900
194,058
Empire Company, Ltd.
300
16,549
Enbridge, Inc.
8,124
497,914
Encana Corp.
16,236
561,519
Enerplus Corp.
3,600
114,034
(Toronto Exchange)
441
166,711
Finning International, Inc.
3,662
108,179
First Quantum Minerals, Ltd.
1,700
219,922
Fortis, Inc.
3,000
102,486
Franco-Nevada Corp.
2,200
80,761
George Weston, Ltd.
1,064
72,499
Gildan Activewear, Inc.
2,800
91,899
Goldcorp, Inc.
16,028
799,168
Great-West Lifeco, Inc. (L)
5,824
161,594
Husky Energy, Inc.
5,748
174,663
IAMGOLD Corp.
7,200
158,704
IGM Financial, Inc.
2,704
137,529
Imperial Oil, Ltd. (L)
6,427
328,410
Financial Services, Inc.
2,700
116,355
Inmet Mining Corp.
700
49,206
Intact Financial Corp.
2,400
124,394
Ivanhoe Mines, Ltd. (I)
6,325
173,473
Kinross Gold Corp.
24,960
393,387
Loblaw Companies, Ltd.
2,763
110,719
Magna International, Inc.
4,514
216,411
Manulife Financial Corp. (O)
37,176
658,776
Metro, Inc.
2,700
128,664
National Bank of Canada (L)
3,532
287,041
Nexen, Inc.
10,936
272,639
Niko Resources, Ltd.
1,200
115,111
Onex Corp.
1,568
54,973
Open Text Corp. (I)
1,300
80,776
Osisko Mining Corp. (I)
6,800
97,914
Pacific Rubiales Energy Corp.
5,600
155,379
Pan American Silver Corp.
2,000
74,286
Pengrowth Energy Trust
6,300
87,141
Penn West Petroleum, Ltd.
9,297
258,149
Fairfax Financial Holdings, Ltd.
Industrial Alliance Insurance and
PetroBakken Energy, Ltd., Class A
1,400
26,513
Petrobank Energy & Resources, Ltd. (I)
2,100
44,383
Potash Corp. of Saskatchewan, Inc.
18,567
1,095,252
Power Corp. of Canada (L)
7,583
224,713
Power Financial Corp. (L)
5,478
177,364
Progress Energy Resources Corp.
1,900
27,358
Research In Motion, Ltd. (I)
10,200
576,860
RioCan Real Estate Investment Trust
2,400
63,026
Ritchie Bros. Auctioneers, Inc.
1,300
36,674
Rogers Communications, Inc., Class B (L)
9,858
358,325
Royal Bank of Canada
29,124
1,802,113
Saputo, Inc.
3,700
167,006
Shaw Communications, Inc., Class B
7,198
151,756
International Equity Index Trust A (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Canada (continued)
Sherritt International Corp.
6,500
$
53,368
Shoppers Drug Mart Corp.
4,644
190,933
Silver Wheaton Corp.
6,800
295,427
SNC-Lavalin Group, Inc.
3,387
192,984
Sun Life Financial, Inc.
12,048
378,651
Suncor Energy, Inc.
31,814
1,426,790
Talisman Energy, Inc.
22,474
555,649
Teck Resources, Ltd.
11,547
612,068
TELUS Corp.
2,956
143,608
Telus Corp.
1,305
66,724
The Toronto-Dominion Bank
18,250
1,615,111
Thomson Corp.
7,366
289,094
Tim Hortons, Inc.
3,600
163,272
TMX Group, Inc.
1,376
55,097
Trans-Canada Corp. (L)
15,250
618,337
TransAlta Corp.
5,479
115,514
Valeant Pharmaceuticals International, Inc.
3,150
157,256
Vermilion Energy, Inc.
800
41,696
Viterra, Inc.
5,800
70,354
Yamana Gold, Inc.
15,306
189,134
Yellow Media, Inc.
2,800
15,913
28,884,348
Cayman Islands - 0.09%
China Dongxiang Group Company
77,000
24,323
ENN Energy Holdings, Ltd.
20,000
62,105
Longfor Properties
23,100
39,170
Sands China, Ltd. (I)
37,200
82,798
Wynn Macau, Ltd.
34,972
97,516
305,912
Chile - 0.31%
Banco Santander Chile SA, ADR (L)
2,180
189,115
Cia Cervecerias Unidas SA, ADR
1,245
73,580
Electricidad SA, ADR (L)
4,420
245,840
Enersis SA, SADR
11,983
249,486
Lan Airlines SA, SADR (L)
4,785
122,448
Chile SA, ADR
2,625
145,058
Vina Concha Y Toro SA, ADR
1,297
60,933
Empresa Nacional de
Sociedad Quimica y Minera de
1,086,460
China - 2.82%
Agile Property Holdings, Ltd.
37,800
59,470
Air China, Ltd.
62,000
57,243
Aluminum Corp. of China, Ltd.
104,000
99,000
Angang Steel Company, Ltd., Class H
23,960
32,639
Anhui Conch Cement Company, Ltd.
20,000
125,815
Anta Sports Products, Ltd.
17,000
26,370
Bank of China, Ltd., Class H
1,405,077
780,948
Company, Ltd., Class H
165,255
181,742
BBMG Corp.
22,000
36,239
60,000
31,444
Company, Ltd., Class H
78,000
28,942
BYD Company, Ltd., Class H (I)
13,400
51,327
China BlueChemical, Ltd.
54,000
44,217
China Citic Bank Corp, Ltd.
132,000
96,206
China Coal Energy Company, Series H
88,000
119,699
109,535
104,940
36,000
21,954
Bank of Communications
Beijing Capital International Airport
Company, Ltd., Class H
Beijing Datang Power Generation
China Communications
Construction Company, Ltd.
China Communications
Services Corp., Ltd., Class H
188
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
International Equity Index Trust A (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
China (continued)
China Construction Bank Corp.
1,078,346 $
1,010,250
China COSCO Holdings Company, Ltd. (I)
64,835
66,277
China International
Marine Containers Co., Ltd.
5,200
11,678
China Life Insurance Company, Ltd.
167,000
625,595
China Longyuan Power Group Corp.
45,000
48,365
China Merchants Bank Company, Ltd.
86,535
239,278
China Minsheng Banking Corp. Ltd.
101,400
93,596
Material Company, Ltd.
34,000
124,460
China Oilfield Services, Ltd.
32,000
72,625
China Pacific Insurance Group Company, Ltd.
17,300
72,472
China Petroleum & Chemical Corp.
354,000
356,350
China Railway Construction Corp.
41,500
43,264
China Railway Group, Ltd.
104,000
66,885
China Shenhua Energy Company, Ltd.
77,500
364,939
China Shineway Pharmaceutical Group, Ltd.
8,400
20,189
Lines Company, Ltd. (I)
72,650
29,013
China Shipping Development Company, Ltd.
30,000
33,955
China Telecom Corp., Ltd.
304,000
185,889
China Unicom, Ltd. (I)
130,550
217,099
China Vanke Co., Ltd.
23,800
31,208
China Yurun Food Group, Ltd.
28,600
96,489
China Zhongwang Holdings, Ltd.
32,400
15,457
Country Garden Holdings Company
81,973
36,013
CSR Corp., Ltd.
43,000
44,065
Dongfang Electric Corp. Ltd.
8,000
27,385
Dongfeng Motor Group Company, Ltd.
72,000
123,322
Foxconn International Holdings, Ltd. (I)
26,000
15,585
Golden Eagle Retail Group, Ltd.
21,000
45,434
Greentown China Holdings, Ltd.
19,000
20,028
Guangdong Investment, Ltd.
52,000
26,234
Guangzhou Automobile Group Company, Ltd.
57,831
70,635
Company, Ltd., Class H
24,800
36,958
Hidili Industry International Development, Ltd.
24,000
21,322
Huaneng Power International, Inc., Class H
88,000
51,427
Industrial & Commercial Bank of China, Ltd.
1,122,957
931,201
Inner Mongolia Yitai Coal Co. (I)
12,400
86,917
Jiangsu Expressway, Ltd.
32,000
36,135
Jiangxi Copper Company, Ltd., Class H
30,000
99,891
Lenovo Group, Ltd.
126,000
72,223
Maanshan Iron & Steel Company, Ltd. (I)
48,000
25,924
Metallurgical Corp of China Ltd (I)
53,000
22,051
PetroChina Company, Ltd., Class H
472,000
721,900
54,000
65,607
31,000
313,800
Manufacturing International Corp. (I)
387,000
29,300
Shanghai Electric Group Company, Ltd.
90,000
45,263
Zone Development Co., Ltd.
4,200
6,510
Shimao Property Holdings, Ltd., GDR
33,500
47,362
Shui On Land, Ltd.
73,153
33,804
China National Building
China Shipping Container
Guangzhou R&F Properties
PICC Property & Casualty
Company, Ltd., Class H (I)
Ping An Insurance Group Company
of China, Ltd.
Semiconductor
Shanghai Lujiazui Finance & Trade
Sinopec Shanghai Petrochemical
Company, Ltd., Class H
52,000
24,485
Sinopharm Group Company, Ltd.
12,000
42,708
Tencent Holdings, Ltd.
22,000
534,542
Tingyi (Cayman Islands) Holding Corp.
44,000
108,107
Tsingtao Brewery Company, Ltd., Series H
8,000
38,194
Want Want China Holdings, Ltd.
61,000
47,740
Weichai Power Compnay, Ltd.
10,000
60,762
International Equity Index Trust A (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
China (continued)
Wumart Stores, Inc. (I)
14,000
$
30,589
Yanzhou Coal Mining Company, Ltd., Class H
50,000
180,504
Zhejiang Expressway Company, Ltd., Class H
36,000
32,866
Zijin Mining Group, Ltd.
107,902
86,037
ZTE Corp., Class H
12,184
56,919
10,023,277
Colombia - 0.18%
BanColombia SA ADR
9,325
584,305
Petrominerales, Ltd.
1,289
48,848
633,153
Czech Republic - 0.08%
CEZ AS
3,072
156,969
Komercni Banka AS
264
66,626
Telefonica O2 Czech Republic AS
3,005
70,303
293,898
Denmark - 0.74%
A P Moller Maersk A/S
13
119,468
A P Moller Maersk A/S, Series A (L)
28
263,369
Carlsberg A/S
2,052
220,990
Coloplast A/S
542
78,439
Danske Bank A/S (I)
9,898
219,192
Danske Bank A/S - New Shares (I)
3,299
73,678
DSV A/S, ADR
3,980
98,264
Novo Nordisk A/S
8,840
1,108,019
Novozymes A/S, B Shares
964
147,300
TrygVesta A/S
702
41,284
Vestas Wind Systems A/S (I)
5,044
218,888
William Demant Holdings A/S (I)
582
50,335
2,639,226
Egypt - 0.07%
Commercial International Bank
12,754
70,532
Egypt Kuwait Holding Company
11,363
15,560
Egyptian Company for Mobile Services
336
9,018
Egyptian Financial Group-Hermes Holding
3,297
12,149
EL EZZ Steel Company (I)
7,169
13,234
ElSwedy Cables Holding Co. (I)
1,740
11,607
Orascom Construction Industries
1,338
54,526
Orascom Telecom Holding SAE (I)
35,950
26,706
Talaat Moustafa Group (I)
15,104
11,864
Telecom Egypt
3,596
10,498
235,694
Finland - 0.76%
Elisa OYJ, Class A (L)
3,307
72,790
Fortum OYJ (L)
9,708
330,175
Kesko OYJ
1,369
64,085
Kone OYJ
3,476
200,028
Metra OYJ
3,938
153,725
Metso OYJ
2,927
157,372
Neste Oil OYJ (L)
5,377
110,820
Nokia OYJ
79,044
672,584
Nokian Renkaat OYJ
1,470
62,605
Orion OYJ, Series B
1,114
27,020
Outokumpu OYJ
4,187
72,470
Pohjola Bank OYJ
1,284
17,507
Rautaruukki OYJ (L)
3,081
73,853
Sampo OYJ
8,903
284,083
Sanoma OYJ
700
15,856
Stora Enso OYJ, Series R
13,947
166,126
UPM-Kymmene OYJ
9,899
209,346
2,690,445
189
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
International Equity Index Trust A (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
France - 6.30%
Accor SA
3,247
$
145,788
Aeroports de Paris
392
36,111
Air France KLM (I)
2,181
36,284
Air Liquide SA
5,899
784,919
Alcatel-Lucent (I)
48,917
282,211
Alstom SA
4,293
253,928
Atos Origin SA (I)
897
52,653
AXA SA
34,708
725,662
BioMerieux SA
136
14,265
BNP Paribas
19,316
1,413,488
Bouygues SA
4,878
234,225
Bureau Veritas SA
619
48,670
Cap Gemini SA
2,507
145,749
Carrefour SA (I)
12,644
560,433
Casino Guichard Perrachon SA
765
72,398
Christian Dior SA
1,103
155,295
Cie de Saint-Gobain
8,045
492,573
Cie Generale de Geophysique-Veritas (I)
2,600
93,979
CNP Assurances SA
2,692
57,162
Michelin, Class B
3,655
308,862
Credit Agricole SA
20,273
332,894
Danone SA
12,157
794,090
Dassault Systemes SA
1,174
90,320
Edenred (I)
3,247
97,937
EDF SA
5,805
240,602
Eiffage SA
533
32,058
Eramet
83
30,666
Essilor International SA
4,267
317,073
Eurazeo
416
32,541
Space Company (I)
8,462
246,629
Eutelsat Communications
1,283
51,239
Fonciere Des Regions
477
50,839
France Telecom SA
37,468
840,482
GDF Suez
25,004
1,020,220
Gecina SA
200
27,593
Groupe Eurotunnel SA
9,550
101,612
ICADE
399
49,222
Iliad SA
328
39,327
Imerys SA
374
27,458
JC Decaux SA (I)
1,379
46,365
Klepierre SA
1,807
73,356
L’Oreal SA
4,767
555,215
Lafarge SA
4,232
263,934
Lagardere S.C.A (I)
1,664
71,146
Legrand SA, ADR
1,341
55,768
LVMH Moet Hennessy Louis Vuitton SA
5,106
808,112
M6-Metropole Television
612
15,990
Natixis (I)
15,361
87,021
Neopost SA
415
36,342
PagesJaunes Groupe SA
1,206
12,095
Pernod-Ricard SA
4,263
398,650
Peugeot SA (I)
2,679
106,032
PPR
1,585
242,917
Publicis Groupe SA
2,723
152,661
Renault SA (I)
4,056
224,232
Safran SA
2,595
91,864
Sanofi-Aventis SA
21,136
1,484,419
Schneider Electric SA
5,068
866,244
SCOR SE
3,147
85,680
Societe BIC SA
290
25,768
Societe Generale
12,713
826,633
Societe Television Francaise
1,243
22,821
Compagnie Generale des Etablissements
European Aeronautic Defence &
Sodexho Alliance
2,153
157,136
International Equity Index Trust A (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
France (continued)
STMicroelectronics NV
11,860
$
146,989
Suez Environnement SA
6,112
126,444
Technip SA
2,024
216,201
Thales SA
1,246
49,757
Total SA
42,711
2,600,100
Unibail-Rodamco SE
1,963
425,345
Vallourec SA
2,237
251,099
Veolia Environnement SA
7,347
228,462
Vinci SA
9,322
582,389
Vivendi SA
25,030
714,406
22,389,050
Germany - 5.17%
Adidas AG (I)
4,115
259,887
Allianz SE
9,249
1,297,717
BASF SE
18,561
1,609,284
Bayer AG
16,705
1,293,563
Bayerische Motoren Werke (BMW) AG
6,662
556,164
Beiersdorf AG
1,584
96,692
Celesio AG (I)
1,628
40,027
Commerzbank AG (I)(L)
12,288
95,763
Continental AG (I)
1,055
95,319
Daimler AG (L)
18,236
1,286,894
Deutsche Bank AG
18,961
1,114,933
Deutsche Boerse AG
3,856
292,591
Deutsche Lufthansa AG
4,195
88,937
Deutsche Post AG (I)
16,761
302,509
Deutsche Telekom AG (I)
57,390
886,764
E.ON AG
36,699
1,121,332
Fraport AG, ADR
459
33,649
Fresenius AG
1,988
183,941
Fresenius Medical Care AG
3,743
251,310
GEA Group AG
2,970
97,793
Hannover Rueckversicherung AG
1,132
61,788
HeidelbergCement AG
2,968
207,318
Henkel AG & Company, KGaA (L)
2,630
137,441
Hochtief AG
800
86,127
Infineon Technologies AG
21,217
217,492
K&S AG
2,934
221,487
Lanxess AG
1,680
125,670
Linde AG (I)
3,397
536,543
MAN AG (I)
2,077
258,920
Merck KGAA
1,128
101,782
Metro AG
2,502
171,057
Muenchener Rueckversicherungs - Gesellschaft
AG (MunichRe)
3,800
597,557
Puma AG
101
29,667
Qiagen AG (I)
4,911
98,064
RWE AG
8,451
540,275
Salzgitter AG
698
55,122
SAP AG
17,443
1,070,168
Siemens AG
16,627
2,277,620
Suedzucker AG
1,402
39,081
ThyssenKrupp AG
6,945
284,701
TUI AG (I)
2,987
35,715
United Internet AG
1,822
32,744
Volkswagen AG
616
94,483
Wacker Chemie AG
304
68,375
18,354,266
Greece - 0.18%
Alpha Bank A.E. (I)
9,557
61,761
Bank of Cyprus PCL
14,142
51,381
Coca-Cola Hellenic Bottling Company SA
4,700
126,105
EFG Eurobank Ergasias SA (I)
7,016
43,685
190
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
International Equity Index Trust A (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Greece (continued)
Hellenic Telecommunications Organization SA
6,840
National Bank of Greece SA (I)
17,944
$
76,332
159,503
OPAP SA
4,410
94,331
Public Power Corp. SA
1,780
30,992
644,090
Hong Kong - 2.94%
Alibaba.com, Ltd.
27,900
47,791
ASM Pacific Technology, Ltd.
2,086
26,191
Bank of East Asia, Ltd.
34,539
147,051
Beijing Enterprises Holdings, Ltd.
10,000
57,292
Belle International Holdings, Ltd.
95,882
176,762
BOC Hong Kong Holdings, Ltd.
78,500
255,634
Cathay Pacific Airways, Ltd.
14,000
33,454
Chaoda Modern Agriculture Holdings, Ltd.
66,120
41,246
Cheung Kong Holdings, Ltd.
31,151
507,374
Cheung Kong Infrastructure Holdings, Ltd.
9,000
42,607
China Agri-Industries Holdings, Ltd.
44,000
49,465
China Everbright, Ltd.
22,000
49,240
Group Company, Ltd.
25,000
40,107
China Mengniu Dairy Company, Ltd.
24,000
63,624
International Company, Ltd.
28,685
121,012
China Mobile, Ltd.
135,000
1,247,166
China Overseas Land & Investment, Ltd.
89,360
183,454
China Resource Power Holdings, Ltd.
36,200
69,926
China Resources Enterprises, Ltd.
26,000
106,349
China Resources Land, Ltd.
44,000
82,332
16,000
47,175
Hong Kong, Ltd. (I)
88,000
18,401
Citic 1616 Holdings, Ltd.
1,050
337
Citic Pacific, Ltd.
24,000
66,505
CLP Holdings, Ltd.
44,111
357,847
CNOOC, Ltd.
399,984
1,013,480
COSCO Pacific, Ltd.
25,754
48,685
Esprit Holdings, Ltd.
30,433
139,102
Fosun International
30,500
23,385
Franshion Properties China, Ltd.
74,000
21,238
Fushan International Energy Group, Ltd.
80,000
57,326
Geely Automobile Holdings Company, Ltd.
75,000
27,813
Appliances Holdings, Ltd. (I)
169,920
59,521
Hang Lung Group, Ltd.
11,000
68,728
Hang Lung Properties, Ltd.
46,000
201,088
Hang Seng Bank, Ltd.
16,400
264,815
Henderson Land Development Company, Ltd.
16,335
113,159
Hengan International Group Company, Ltd.
18,000
133,365
Hong Kong & China Gas Company, Ltd.
91,300
218,768
Hong Kong Electric Holdings, Ltd.
29,500
196,585
Hong Kong Exchanges & Clearing, Ltd.
24,570
532,652
Hopewell Holdings, Ltd.
6,638
19,840
Hopson Development Holdings, Ltd. (I)
16,000
18,115
Huabao International Holdings, Ltd.
30,000
46,326
Hutchison Whampoa, Ltd.
46,423
548,574
Hysan Development Company, Ltd.
13,254
54,611
Kerry Properties, Ltd.
10,000
50,288
Kingboard Chemical Holdings, Ltd.
16,228
85,267
Kunlun Energy Company, Ltd. (I)
50,000
79,585
Lee & Man Paper Manufacturing, Ltd.
36,000
24,725
Li & Fung, Ltd.
48,829
250,909
Li Ning Company, Ltd.
15,500
26,169
Lifestyle International Holdings, Ltd.
4,500
10,806
China High Speed Transmission Equipment
China Merchants Holdings
China Taiping Insurance
Holdings Company, Ltd. (I)
China Travel International Investment
GOME Electrical
International Equity Index Trust A (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Hong Kong (continued)
MTR Corp., Ltd.
33,039
New World Development Company, Ltd.
58,939
$
121,754
104,074
Nine Dragons Paper Holdings, Ltd.
44,000
52,689
Noble Group, Ltd.
61,970
104,997
NWS Holdings, Ltd.
14,246
21,753
Orient Overseas International, Ltd.
1,938
20,282
Parkson Retail Group, Ltd.
36,500
50,108
PCCW, Ltd.
87,000
36,165
Poly Hong Kong Investment, Ltd.
26,000
24,541
Renhe Commercial Holdings Compnay, Ltd.
160,000
29,995
Polymer Company, Ltd.
16,000
45,631
Shanghai Industrial Holdings, Ltd.
14,000
53,713
Shangri-La Asia, Ltd.
17,282
44,069
Sino Land Company, Ltd.
23,020
41,087
Sino-Forest Corp. (I)
4,600
120,041
Sino-Ocean Land Holdings, Ltd.
86,100
53,619
Sinofert Holdings, Ltd. (I)
54,000
23,394
Sinotruk Hong Kong, Ltd.
18,000
15,373
Skyworth Digital Holdings, Ltd.
39,196
22,168
Soho China, Ltd.
66,000
56,654
Sun Hung Kai Properties, Ltd.
30,550
482,894
Swire Pacific, Ltd.
20,000
293,751
The Link REIT
34,215
107,386
Wharf Holdings, Ltd.
29,000
200,751
Wheelock and Company, Ltd.
17,000
63,873
Wing Hang Bank, Ltd.
3,500
41,452
Yue Yuen Industrial Holdings, Ltd.
8,000
25,363
Shandong Weigao Group Medical
10,430,844
Hungary - 0.09%
Magyar Telekom Telecommunications PLC
10,442
32,819
MOL Magyar Olaj & Gazipari (I)
750
95,758
OTP Bank PLC (I)(L)
4,462
132,115
Richter Gedeon
298
61,906
322,598
India - 1.53%
Dr. Reddy’s Laboratories, Ltd., ADR
2,151
80,232
ICICI Bank, Ltd., SADR
18,525
923,101
Infosys Technologies, Ltd., ADR (L)
24,265
1,739,801
Larsen & Toubro, Ltd., GDR (S)
9,329
345,568
Ranbaxy Laboratories, Ltd., ADR
2,771
28,098
Reliance Capital, Ltd. (S)
2,246
29,370
Reliance Communication, Ltd., GDR (S)
31,056
74,966
Reliance Industries, Ltd., GDR
30,655
1,453,660
Reliance Infrastructure, Ltd., GDR (S)
708
32,861
Satyam Computer Services, Ltd., ADR (I)
7,380
22,288
State Bank of India, GDR
1,411
182,019
Tata Motors, Ltd., SADR
9,689
269,257
Ultratech Cement, Ltd., GDR
137
6,952
Wipro, Ltd., ADR (L)
18,054
264,491
5,452,664
Indonesia - 0.57%
Adaro Energy Tbk PT
129,500
32,543
Aneka Tambang Tbk PT
142,375
37,531
Astra Agro Lestari Tbk PT
4,842
12,602
Astra International Tbk PT
49,517
323,587
Bank Central Asia Tbk PT
305,726
243,560
Bank Danamon Indonesia Tbk PT
86,928
65,305
Bank Mandiri Tbk PT
210,726
165,041
Bank Rakyat Indonesia Tbk PT
279,998
184,494
Bumi Resources Tbk PT
451,220
173,243
Gudang Garam Tbk PT
13,000
62,656
Indo Tambangraya Megah PT
5,500
29,133
191
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
International Equity Index Trust A (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Indonesia (continued)
Indocement Tunggal Prakarsa Tbk PT
27,013
Indofood Sukses Makmur Tbk PT
130,595
$
50,649
80,870
Indosat Tbk PT
23,500
14,284
International Nickel Indonesia Tbk PT
77,500
42,409
Perusahaan Gas Negara Tbk PT
279,515
124,981
Semen Gresik Persero Tbk PT
12,360
12,921
Tambang Batubara Bukit Asam Tbk PT
21,000
50,578
Telekomunikasi Indonesia Tbk PT
173,500
146,089
Unilever Indonesia Tbk PT
43,000
75,512
United Tractors Tbk PT
40,120
100,030
2,028,018
Ireland - 0.33%
Anglo Irish Bank Corp. PLC (I)
15,416
0
Bank of Ireland (I)
52,722
16,418
C&C Group PLC
224
1,013
CRH PLC
1,491
34,306
CRH PLC (London Exchange)
15,406
353,569
Elan Corp. PLC (I)
1,399
9,640
Experian PLC
21,490
266,193
Kerry Group PLC - London Exchange
3,278
122,179
Ryanair Holdings PLC, SADR
1,203
33,443
Shire PLC
11,864
344,488
1,181,249
Israel - 0.49%
Bank Hapoalim, Ltd. (I)
25,834
134,203
Bank Leumi Le-Israel, Ltd.
23,381
119,573
Bezek Israeli Telecommunications Corp., Ltd.
32,563
96,443
Cellcom Israel, Ltd.
797
26,157
Delek Group, Ltd.
32
8,666
Elbit Systems, Ltd.
219
12,183
Israel Chemicals, Ltd.
8,453
138,919
Israel Corp., Ltd.
23
27,512
Israel Discount Bank, Ltd. (I)
7,050
14,850
Makhteshim-Agan Industries, Ltd. (I)
9,357
49,448
Mizrahi Tefahot Bank, Ltd.
3,560
40,158
Nice Systems, Ltd. (I)
1,795
66,295
Partner Communications Company, Ltd.
2,436
46,272
Teva Pharmaceutical Industries, Ltd.
19,041
955,272
1,735,951
Italy - 1.83%
A2A SpA
13,168
21,349
Assicurazioni Generali SpA
23,431
507,520
Autogrill SpA (I)
1,731
24,362
Autostrade SpA
6,130
140,550
Banca Carige SpA (I)
7,526
17,826
Banca Intesa SpA
17,851
47,196
Banca Monte dei Paschi di Siena SpA (I)(L)
68,923
86,039
Banche Popolari Unite SpA
15,304
130,964
Banco Popolare Societa Cooperativa
26,928
80,343
BGP Holdings PLC (I)
130,653
0
Enel SpA
137,230
864,967
Eni SpA
54,278
1,332,387
Exor SpA
1,040
32,004
Fiat Industrial SpA (I)
16,787
240,747
Fiat SpA
16,787
152,117
Finmeccanica SpA
7,373
92,870
Intesa Sanpaolo SpA
161,970
479,580
Luxottica Group SpA
2,012
65,788
Mediaset SpA
20,023
127,351
Mediobanca SpA
8,503
87,031
Mondadori (Arnoldo) Editore SpA (I)
29
113
Parmalat SpA (I)
30,411
101,959
Pirelli & Company SpA
3,714
32,640
International Equity Index Trust A (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Italy (continued)
Prelios SpA (I)
3,714
Prysmian SpA
2,628
$
2,896
56,385
Saipem SpA
5,545
294,498
Snam Rete Gas SpA
31,977
179,820
Telecom Italia SpA
199,367
307,005
Telecom Italia SpA
125,634
169,202
Terna Rete Elettrica Nazionale SpA
22,829
109,379
UniCredit Italiano SpA
284,712
704,135
6,489,023
Japan - 12.60%
Advantest Corp.
2,820
50,786
AEON Company, Ltd.
14,296
165,681
AEON Credit Service Company, Ltd.
2,023
27,847
Aeon Mall Company, Ltd.
1,300
27,913
Air Water, Inc.
2,000
24,145
Aisin Seiki Company, Ltd.
4,421
153,497
Ajinomoto Company, Inc.
14,695
151,631
Alfresa Holdings Corp.
600
23,046
All Nippon Airways Company, Ltd.
8,285
24,702
Amada Company, Ltd.
4,171
34,800
Aozora Bank, Ltd. (L)
10,000
22,602
Asahi Breweries, Ltd.
8,699
144,635
Asahi Glass Company, Ltd.
20,809
261,676
Asahi Kasei Corp.
28,037
186,384
Astellas Pharma, Inc.
9,305
343,110
Bank of Kyoto, Ltd.
6,000
53,090
Bank of Yokohama, Ltd.
27,684
131,464
Benesse Holdings, Inc.
1,046
42,818
Bridgestone Corp.
12,747
265,068
Brother Industries, Ltd.
4,300
63,171
Canon, Inc.
22,926
997,741
Casio Computer Company, Ltd.
2,767
21,889
Central Japan Railway Company, Ltd.
32
253,522
Chiba Bank, Ltd.
15,104
84,617
Chubu Electric Power Company, Inc.
13,523
300,764
Chugai Pharmaceutical Company, Ltd.
3,984
68,587
Chugoku Bank, Ltd.
3,000
34,047
Chugoku Electric Power Company, Inc.
6,400
118,336
Chuo Mitsui Trust Holdings, Inc.
13,990
49,616
Citizen Watch Company, Ltd.
2,965
17,074
Cosmo Oil Company, Ltd.
10,000
31,137
Credit Saison Company, Ltd.
1,809
29,099
Dai Nippon Printing Company, Ltd.
11,047
134,535
Daicel Chemical Industries, Ltd.
6,000
37,004
Daido Steel Company, Ltd.
3,000
17,059
Daihatsu Motor Company, Ltd.
4,000
58,283
Daiichi Sankyo Company, Ltd.
14,328
276,638
Daikin Industries, Ltd.
5,185
155,276
Dainippon Sumitomo Pharma Company, Ltd.
3,500
32,610
Daito Trust Construction Company, Ltd.
1,581
107,782
Daiwa House Industry Company, Ltd.
10,285
125,617
Daiwa Securities Group, Inc.
33,649
154,531
Dena Company, Ltd.
1,500
54,190
Denki Kagaku Kogyo Kabushiki Kaisha
7,523
37,081
Denso Corp.
10,378
344,353
Dentsu, Inc.
4,200
107,404
Dowa Holdings Company, Ltd.
223
1,389
East Japan Railway Company (L)
7,300
401,140
Eisai Company, Ltd.
5,548
199,029
Electric Power Development Company, Ltd.
2,400
73,922
Elpida Memory, Inc. (I)(L)
3,300
42,490
FamilyMart Company, Ltd.
740
27,554
Fanuc, Ltd.
3,921
589,410
Fast Retailing Company, Ltd.
1,034
129,405
192
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
International Equity Index Trust A (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Japan (continued)
Fuji Electric Holdings Company, Ltd.
3,580
Fuji Heavy Industries, Ltd.
14,000
$
11,144
90,214
Fuji Television Network, Inc.
3
4,198
FUJIFILM Holdings Corp.
9,233
285,937
Fujitsu, Ltd.
35,379
199,905
Fukuoka Financial Group, Inc.
13,000
54,076
Furukawa Electric Company, Ltd. (L)
9,000
36,355
GS Yuasa Corp.
4,000
26,593
Gunma Bank
7,523
39,885
Hankyu Hanshin Holdings, Inc.
28,600
132,032
Hino Motors, Ltd.
1,114
5,451
Hirose Electric Company, Ltd.
717
76,551
Hisamitsu Pharmaceutical Company, Inc.
1,200
48,401
Hitachi Chemical, Ltd.
1,316
26,754
Machinery Company, Ltd.
2,157
54,016
Hitachi High-Technologies Corp.
1,700
33,906
Hitachi Metals, Ltd.
2,000
25,198
Hitachi, Ltd.
95,882
494,460
Hokkaido Electric Power Company, Inc.
2,332
45,221
Hokuhoku Financial Group, Inc.
12,866
25,058
Hokuriku Electric Power Company
2,700
60,804
Honda Motor Company, Ltd.
32,838
1,229,231
Hoya Corp.
9,008
205,544
Ibiden Company, Ltd.
1,800
56,464
Idemitsu Kosan Company, Ltd.
300
35,129
Inpex Corp.
43
323,474
Isetan Mitsukoshi Holdings, Ltd. (L)
6,276
56,513
Hitachi Construction
Ishikawajima-Harima Heavy
Industries Company, Ltd.
15,866
38,155
Isuzu Motors, Ltd.
30,000
118,658
Itochu Corp.
31,798
332,965
Itochu Techno-Science Corp.
252
8,042
Iyo Bank, Ltd.
5,000
41,657
J Front Retailing Company, Ltd.
9,000
37,437
Japan Real Estate Investment Corp.
7
65,850
Japan Retail Fund Investment Corp.
16
25,044
Japan Tobacco, Inc.
95
339,998
JFE Holdings, Inc.
9,938
290,804
JGC Corp.
3,114
72,388
Joyo Bank, Ltd.
9,047
35,157
JS Group Corp.
5,784
150,198
JSR Corp.
2,867
56,719
Jupiter Telecommunications Company, Ltd.
20
19,548
JX Holdings, Inc.
49,000
329,887
Kajima Corp.
14,809
41,403
Kamigumi Company, Ltd.
3,466
29,626
Kaneka Corp.
6,000
41,765
Kansai Electric Power Company, Ltd.
15,922
344,642
Kansai Paint Company, Ltd.
2,762
23,709
Kao Corp.
11,738
292,815
Kawasaki Heavy Industries, Ltd.
21,037
92,565
Kawasaki Kisen Kaisha, Ltd.
9,933
36,661
KDDI Corp.
63
386,656
Railway Company, Ltd.
8,933
63,678
Keio Corp.
8,285
49,503
Keisei Electric Railway Company, Ltd.
3,000
17,204
Keyence Corp.
952
241,340
Kikkoman Corp.
1,762
16,607
Kintetsu Corp. (L)
40,208
128,736
Kirin Holdings Company, Ltd.
16,104
211,609
Kobe Steel Company, Ltd.
56,483
144,701
Koito Manufacturing Company, Ltd.
2,000
32,051
Komatsu, Ltd.
19,170
646,893
Keihin Electric Express
International Equity Index Trust A (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Japan (continued)
Konami Corp.
557
Konica Minolta Holdings, Inc.
10,109
$
10,153
84,708
Koyo Seiko Company, Ltd.
2,457
31,617
Kubota Corp.
22,218
207,320
Kuraray Company, Ltd.
6,200
79,904
Kurita Water Industries, Ltd.
1,981
58,563
Kyocera Corp.
3,462
350,862
Kyowa Hakko Kogyo Company, Ltd.
4,862
45,592
Kyushu Electric Power Company, Inc.
8,469
165,450
Lawson, Inc.
869
41,893
Mabuchi Motor Company, Ltd.
282
13,296
Makita Corp.
1,557
72,440
Marubeni Corp.
34,798
250,589
Marui Company, Ltd.
2,436
15,727
Matsui Securities Company, Ltd.
2,100
11,411
Matsushita Electric Industrial Company, Ltd.
42,307
538,120
Mazda Motor Corp. (I)
31,000
68,201
McDonald’s Holdings Company, Ltd.
1,100
26,390
Mediceo Holdings Company, Ltd.
2,900
25,660
MEIJI Holdings Company, Ltd.
1,200
48,257
Minebea Company, Ltd.
5,523
30,477
Mitsubishi Chemical Holdings Corp.
25,500
160,333
Mitsubishi Corp.
28,344
786,803
Mitsubishi Electric Corp.
41,027
478,606
Mitsubishi Estate Company, Ltd.
25,218
426,566
Mitsubishi Gas & Chemicals Company, Inc.
7,000
49,552
Mitsubishi Heavy Industries, Ltd.
59,063
268,432
Mitsubishi Materials Corp.
13,980
47,396
Mitsubishi Motors Corp. (I)
90,000
110,363
Mitsubishi UFJ Financial Group
256,400
1,183,669
Finance Company, Ltd.
660
26,462
Mitsui & Company, Ltd.
36,989
663,027
Mitsui Chemicals, Inc.
6,990
24,706
Shipbuilding Company, Ltd.
8,638
20,666
Mitsui Fudosan Company, Ltd.
17,752
288,217
Mitsui Mining & Smelting Company, Ltd.
7,990
27,760
Mitsui O.S.K. Lines, Ltd.
25,513
146,919
Mitsui Sumitomo Insurance Group Holdings
10,400
236,807
Mitsumi Electric Company, Ltd.
899
11,964
Mizuho Financial Group, Inc. (L)
409,300
679,050
Mizuho Trust & Banking Company, Ltd.
33,000
29,755
Murata Manufacturing Company, Ltd.
4,296
309,366
Namco Bandai Holdings, Inc.
3,367
36,714
NEC Corp. (I)
61,617
134,079
NGK INSULATORS, Ltd.
4,171
74,565
NGK Spark Plug Company, Ltd.
1,762
24,064
NHK Spring Company, Ltd.
1,000
9,906
Nidec Corp.
2,286
197,874
Nikon Corp.
7,219
148,841
Nintendo Company, Ltd.
2,092
565,127
Nippon Building Fund, Inc.
13
126,101
Nippon Electric Glass Company, Ltd.
6,000
84,972
Nippon Express Company, Ltd.
11,809
45,288
Nippon Meat Packers, Inc.
2,000
25,222
Nippon Paper Group, Inc.
1,500
31,621
Nippon Sheet Glass Company, Ltd.
8,171
23,576
Nippon Steel Corp.
107,536
343,888
Nippon Telegraph & Telephone Corp.
9,500
426,188
Nippon Yusen Kabushiki Kaisha
25,923
101,286
Nishi-Nippon City Bank, Ltd.
4,000
11,493
Nissan Chemical Industries, Ltd.
1,762
18,217
Nissan Motor Company, Ltd.
52,890
469,257
Mitsubishi UFJ Lease &
Mitsui Engineering &
Nisshin Seifun Group, Inc.
1,614
18,608
193
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
International Equity Index Trust A (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Japan (continued)
Nisshin Steel Company
7,047
Nissin Food Products Company, Ltd.
916
$
15,165
32,228
Nitori Company, Ltd.
468
40,859
Nitto Denko Corp.
3,532
184,878
NKSJ Holdings, Inc.
30,000
192,853
NOK Corp.
1,492
26,195
Nomura Holdings, Inc.
70,907
370,817
Nomura Real Estate Holdings, Inc.
2,300
34,868
Nomura Real Estate Office Fund, Inc.
2
13,537
Nomura Research Institute, Ltd.
1,311
28,937
NSK, Ltd.
6,000
51,719
NTN Corp.
4,228
20,281
NTT Data Corp.
31
95,818
NTT DoCoMo, Inc.
326
567,367
Obayashi Corp.
15,638
69,464
Odakyu Electric Railway Company, Ltd.
14,695
123,842
Oji Paper Company, Ltd.
21,809
103,565
Olympus Corp.
4,866
135,368
Omron Corp.
3,261
91,659
Ono Pharmaceutical Company, Ltd.
1,200
58,713
Oracle Corp.
752
31,149
Oriental Land Company, Ltd.
793
63,017
ORIX Corp. (L)
2,186
204,724
Osaka Gas Company, Ltd.
43,845
173,839
Otsuka Corp.
100
6,432
Otsuka Holdings Company, Ltd.
4,600
113,540
Rakuten, Inc.
165
147,114
Resona Holdings, Inc.
35,000
166,627
Ricoh Company, Ltd.
12,399
145,485
Rinnai Corp.
652
43,268
Rohm Company, Ltd.
1,827
113,445
Sankyo Company, Ltd.
793
40,661
Santen Pharmaceutical Company, Ltd.
1,200
47,519
Sapporo Hokuyo Holdings, Inc.
5,600
26,930
Sapporo Holdings, Ltd.
2,466
9,190
SBI Holdings, Inc.
304
38,265
Secom Company, Ltd.
4,590
212,016
Sega Sammy Holdings, Inc.
3,492
59,765
Seiko Epson Corp.
2,700
42,938
Sekisui Chemical Company, Ltd.
5,228
40,916
Sekisui House, Ltd.
10,638
99,029
Senshu Ikeda Holdings, Inc.
9,400
12,609
Seven & I Holdings Company, Ltd.
15,881
405,139
Sharp Corp. (L)
21,218
208,297
Shikoku Electric Power Company, Inc.
2,700
73,456
Shimadzu Corp.
5,000
44,422
Shimamura Company, Ltd.
276
24,322
Shimano, Inc.
1,069
53,399
Shimizu Corp. (L)
7,695
34,229
Shin-Etsu Chemical Company, Ltd.
8,711
433,037
Shinko Electric Industries Company, Ltd.
1,600
16,389
Shinko Securities Company, Ltd. (I)
12,000
31,883
Shinsei Bank, Ltd.
9,094
10,610
Shionogi & Company, Ltd.
6,823
116,396
Shiseido Company, Ltd.
7,223
125,044
Shizuoka Bank, Ltd.
11,342
93,812
Showa Denko KK
23,000
46,177
Showa Shell Sekiyu KK
3,800
39,654
SMC Corp.
1,164
189,640
Softbank Corp.
16,888
667,735
Sojitz Holdings Corp.
15,191
29,835
Sony Corp.
20,042
635,650
Sony Financial Holdings, Inc.
2,200
43,215
Square Enix Company, Ltd.
600
10,290
Stanley Electric Company, Ltd.
1,808
29,705
International Equity Index Trust A (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Japan (continued)
Sumco Corp. (I)
2,300
Sumitomo Chemical Company, Ltd. (L)
35,446
$
46,371
176,846
Sumitomo Corp.
23,466
335,430
Sumitomo Electric Industries, Ltd.
16,599
229,688
Sumitomo Heavy Industries, Ltd.
8,000
52,224
Sumitomo Metal Industries, Ltd.
73,577
164,527
Sumitomo Metal Mining Company, Ltd.
11,285
194,143
Sumitomo Mitsui Financial Group
27,100
842,517
Development Company, Ltd.
6,876
137,553
Suruga Bank, Ltd.
2,114
18,756
Suzuken Company, Ltd.
1,223
32,259
Suzuki Motor Corp.
7,900
176,558
Sysmex Corp.
1,000
35,147
T&D Holdings, Inc.
5,991
147,650
Taisei Corp.
16,866
41,567
Sumitomo Realty &
Taisho Pharmaceuticals Company, Ltd.
1,762
38,129
Taiyo Nippon Sanso Corp.
3,819
31,473
Takashimaya Company, Ltd.
6,000
37,991
Takeda Pharmaceutical Company, Ltd.
15,049
701,973
Tanabe Seiyaku Company, Ltd.
3,000
48,690
TDK Corp.
2,468
145,831
Teijin, Ltd.
12,104
54,132
Terumo Corp.
3,203
168,853
The 77th Bank, Ltd.
6,523
32,780
The Dai-ichi Life Insurance Company, Ltd.
173
261,018
The Hachijuni Bank, Ltd.
6,000
34,552
The Hiroshima Bank, Ltd.
8,000
34,720
The Japan Steel Works, Ltd.
5,000
38,473
Banking Company, Ltd.
31,446
162,939
The Tokyo Electric Power Company, Inc.
26,867
150,517
THK Company, Ltd.
1,481
36,888
Tobu Railway Company, Ltd.
11,752
48,037
Toho Company, Ltd.
2,300
32,988
Toho Gas Company, Ltd.
6,000
30,705
Tohoku Electric Power Company, Inc.
9,480
159,181
Tokio Marine Holdings, Inc.
15,500
414,427
Tokuyama Corp.
2,000
10,676
Tokyo Electron, Ltd.
3,532
194,689
Tokyo Gas Company, Ltd.
50,835
230,612
Tokyo Steel Manufacturing Company, Ltd.
900
10,506
Tokyo Tatemono Company, Ltd.
6,000
22,433
Tokyu Corp.
28,866
118,521
Tokyu Land Corp.
5,171
22,504
TonenGeneral Sekiyu KK
4,171
51,498
Toppan Printing Company, Ltd.
13,990
110,332
Toray Industries, Inc.
29,389
210,761
Toshiba Corp.
86,711
424,277
Toto, Ltd.
3,171
25,237
Toyo Seikan Kaisha, Ltd.
2,009
32,944
Toyo Suisan Kaisha, Ltd.
705
15,307
Toyoda Gosei Company, Ltd.
1,300
26,777
Toyota Boshoku Corp.
1,400
19,907
Toyota Industries Corp.
4,490
134,565
Toyota Motor Corp.
56,447
2,257,875
Toyota Tsusho Corp.
3,500
57,730
Trend Micro, Inc.
1,733
45,757
Tsumura & Company, Ltd.
1,200
37,653
Ube Industries, Ltd.
18,037
57,463
Unicharm Corp.
3,158
114,158
UNY Company, Ltd.
1,862
17,235
Ushio, Inc.
2,257
44,147
USS Company, Ltd.
550
42,781
West Japan Railway Company, Ltd.
38
145,419
The Sumitomo Trust &
194
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
International Equity Index Trust A (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Japan (continued)
Yahoo! Japan Corp.
332
Yakult Honsha Company, Ltd.
1,300
$
118,782
33,227
Yamada Denki Company, Ltd.
1,676
111,596
Yamaguchi Financial Group, Inc.
3,000
27,771
Yamaha Corp.
1,926
21,673
Yamaha Motor Company, Ltd. (I)
6,591
113,911
Yamato Transport Company, Ltd.
9,080
140,818
Yamazaki Baking Company, Ltd.
1,409
16,414
Yaskawa Electric Corp.
5,000
59,269
Yokogawa Electric Corp. (I)
4,600
35,061
44,783,084
Luxembourg - 0.35%
Aperamaperam
894
35,919
ArcelorMittal
17,898
648,506
Millicom International Cellular SA
1,329
127,126
Reinet Investments SCA (I)
1,493
26,345
SES SA
5,667
145,946
Tenaris SA
9,937
244,971
1,228,813
Malaysia - 0.67%
Alliance Financial Group BHD
9,600
10,039
AMMB Holdings BHD
42,662
91,327
Asiatic Development BHD
10,500
27,706
Axiata Group BHD (I)
57,100
90,211
Berjaya Corp. BHD
3,580
768
Berjaya Corp. BHD (Kuala Lumpur Exchange)
35,800
13,450
Berjaya Sports Toto BHD
5,742
8,070
British American Tobacco Malaysia BHD
2,000
31,711
Bursa Malaysia BHD
6,400
17,597
Commerce Asset Holdings BHD
82,500
223,156
Digi.Com BHD
9,000
85,026
Gamuda BHD
39,100
49,859
Genting BHD
44,300
161,231
Hong Leong Bank BHD
12,100
39,374
Hong Leong Credit BHD
8,300
24,671
IJM Corp. BHD
16,720
35,342
IOI Corp. BHD
83,169
158,001
Kuala Lumpur Kepong BHD
12,100
84,718
Lafarge Malayan Cement BHD
4,470
10,918
Malayan Banking BHD
81,602
241,199
Maxis BHD
35,100
62,350
MISC BHD
32,040
83,193
MMC Corp. BHD
1,400
1,279
Parkson Holdings BHD
10,098
18,981
Petronas Dagangan BHD
1,400
7,629
Petronas Gas BHD
12,000
45,342
PLUS Expressways BHD
18,900
27,945
PPB Group BHD
12,900
72,451
Public Bank BHD - Foreign Market
24,000
104,079
Resorts World BHD
53,400
64,795
RHB Capital BHD
2,600
7,359
Sime Darby BHD
66,746
203,647
SP Setia BHD
5,300
11,028
Telekom Malaysia BHD
17,100
22,819
Tenaga Nasional BHD
56,125
115,750
UMW Holdings BHD
21,400
52,010
YTL Corp. BHD
19,196
47,105
YTL Power International BHD
20,937
15,904
2,368,040
Mexico - 1.01%
Alfa SAB de CV
5,602
72,521
America Movil SAB de CV, Series L
413,972
1,203,863
Cemex SAB de CV (I)
203,060
181,644
International Equity Index Trust A (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Mexico (continued)
Coca-Cola Femsa SAB de CV, Series L
6,253
Desarrolladora Homex SAB de CV (I)
4,000
$
48,202
18,240
Fomento Economico Mexicano SA de CV
45,655
268,185
de CV, Series B
9,900
42,315
Grupo Bimbo SA de CV
6,558
55,604
Grupo Carso SAB de CV
11,593
38,216
Grupo Elektra SA de CV
1,900
82,106
Grupo Financiero Banorte SAB de CV
28,753
135,371
Grupo Financiero Inbursa SA
14,778
68,048
Grupo Mexico SAB de CV, Series B
80,421
301,550
Grupo Modelo SA
13,617
81,855
Grupo Televisa SA (I)
49,383
243,045
Industrias Penoles SA de CV
1,998
73,499
Kimberly-Clark de Mexico SA de CV
10,300
64,072
Mexichem SAB de CV
13,992
52,583
Minera Frisco SAB de CV, Class A1 (I)
11,593
50,799
Telefonos de Mexico SA de CV
124,866
114,636
Urbi Desarrollos Urbanos SAB de CV (I)
11,100
25,803
Wal-Mart de Mexico SA de CV, Series V
125,258
375,949
Grupo Aeroportuario del Pacifico SA
3,598,106
Netherlands - 1.86%
Aegon NV (I)
37,270
279,233
Akzo Nobel NV
4,575
314,740
ASML Holding NV
8,577
378,304
Corio NV
1,686
118,090
Delta Lloyd NV
1,782
47,395
Fugro NV (I)
1,258
110,813
Heineken Holding NV
2,014
96,912
Heineken NV
5,788
316,262
ING Groep NV (I)
83,399
1,058,519
Koninklijke (Royal) KPN NV
33,187
565,929
Koninklijke Ahold NV
25,681
344,492
Koninklijke Boskalis Westinster NV
2,252
119,072
Koninklijke DSM NV
3,836
235,561
Koninklijke Philips Electronics NV
21,274
679,501
Koninklijke Vopak NV
1,380
66,475
Randstad Holdings NV
2,339
130,171
Reed Elsevier NV
13,238
170,542
SBM Offshore NV
3,388
98,570
TNT NV
9,243
237,446
Unilever NV
34,652
1,088,059
Wolters Kluwer NV
7,249
169,711
6,625,797
New Zealand - 0.09%
Auckland International Airport, Ltd.
72,550
122,598
Contact Energy, Ltd. (I)
3,444
15,294
Fletcher Building, Ltd.
14,468
103,098
Sky City Entertainment Group, Ltd.
25,517
65,788
306,778
Norway - 0.57%
Aker Solutions ASA
3,694
84,808
DnB NOR ASA
20,287
311,287
Norsk Hydro ASA (L)
20,407
167,265
Orkla ASA
17,208
166,966
Renewable Energy Corp. ASA (I)(L)
12,490
43,794
Statoil ASA
26,708
741,226
Telenor ASA
18,009
296,371
Yara International ASA
4,291
217,404
2,029,121
Peru - 0.15%
Compania de Minas Buenaventura SA
2,698
195
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
104,823
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
International Equity Index Trust A (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Peru (continued)
Compania de Minas Buenaventura SA, ADR
2,231
$
95,866
Credicorp SA
1,295
136,882
Credicorp, Ltd., ADR
76
7,975
Southern Peru Copper Corp.
4,256
170,878
516,424
Philippines - 0.13%
Ascendas Real Estate Investment Trust
21,469
48,398
Ayala Corp.
3,611
32,005
Ayala Land, Inc.
90,600
32,343
Banco De Oro
12,831
15,352
Bank of the Philippine Islands
64,668
85,262
Energy Development Corp. (I)
36,498
5,052
Filinvest Land, Inc.
112,500
2,978
Globe Telecommunications, Inc.
140
2,875
Jollibee Foods Corp.
8,000
16,064
Manila Electric Company
13,252
78,719
Metropolitan Bank & Trust Company (I)
13,697
20,250
Philippine Long Distance Telephone Company
1,220
65,307
SM Investments Corp.
3,768
45,044
SM Prime Holdings, Ltd.
56,916
14,682
464,331
Poland - 0.35%
Asseco Poland SA PDA
710
13,472
Bank Handlowy w Warszawie SA
731
26,035
Bank Millennium SA (I)
8,840
18,154
Bank Pekao SA
2,951
176,894
Bank Zachodni WBK SA
356
28,433
BRE Bank SA (I)
413
49,951
Cyfrowy Polsat SA
3,617
20,158
Firma Oponiarska Debica SA
118
2,578
Getin Holding SA (I)
10,012
50,041
Globe Trade Centre SA (I)
1,844
13,822
Grupa Lotos SA (I)
517
8,033
ING Bank Slaski SA (I)
121
38,102
KGHM Polska Miedz SA
2,775
175,979
PBG SA (I)
67
4,434
Polish Oil & Gas Company
41,082
54,371
Polska Grupa Energetyczna SA
7,645
61,654
Polski Koncern Naftowy Orlen SA (I)
8,548
158,375
Bank Polski SA
15,367
236,563
Telekomunikacja Polska SA
17,687
109,535
TVN SA
1,422
9,079
Powszechna Kasa Oszczednosci
1,255,663
Portugal - 0.19%
Banco Comercial Portugues SA
30,130
24,600
Banco Espirito Santo SA
10,883
44,589
Brisa Auto Estrada SA
9,466
64,027
Cimpor-Cimentos de Portugal SA
5,397
39,121
Electricidade de Portugal SA
46,778
182,323
Galp Energia SGPS SA
3,842
82,312
Jeronimo Martins SGPS SA
2,898
46,614
Portugal Telecom SGPS SA
15,439
178,543
662,129
Russia - 1.81%
Federal Grid Company Unified Energy System
JSC, GDR (I)(S)
1,087
7,935
Gazprom OAO, SADR (I)
73,456
2,375,567
JSC MMC Norilsk Nickel, ADR
19,000
502,360
Lukoil OAO, ADR
14,541
1,038,082
Mechel, SADR
2,833
87,228
Mobile TeleSystems, SADR
10,817
229,645
International Equity Index Trust A (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Russia (continued)
NovaTek OAO, ADR
1,917
$
266,900
Novolipetsk Steel, ADR
1,448
63,712
Polyus Gold Company ZAO, SADR
4,774
168,045
Rosneft Oil Company, GDR
38,621
352,006
Sberbank
1,396
578,279
Severstal, ADR
4,250
83,343
Sistema JSFC, Reg. S, GDR
1,756
51,142
Surgutneftegaz SADR
17,404
104,250
Surgutneftegaz, ADR
13,350
144,314
Tatneft, ADR
4,533
200,313
VTB Bank OJSC, GDR
21,911
153,555
Wimm-Bill-Dann Foods OJSC, ADR (I)
1,068
35,746
6,442,422
Singapore - 1.11%
Capitaland, Ltd.
52,412
137,345
CapitaMall Trust
59,850
89,157
CapitaMalls Asia, Ltd.
31,000
43,802
City Developments, Ltd.
10,285
94,166
ComfortDelGro Corp., Ltd.
41,731
51,669
Cosco Corp. Singapore, Ltd.
33,000
53,520
DBS Group Holdings, Ltd.
37,795
439,456
Fraser and Neave, Ltd.
20,900
99,728
Genting Singapore PLC (I)
99,800
161,975
Golden Agri-Resources, Ltd.
142,858
78,017
Hutchison Port Holdings Trust (I)
105,300
104,247
Jardine Cycle and Carriage, Ltd.
2,623
75,972
Keppel Corp., Ltd.
24,980
243,943
Keppel Land, Ltd.
16,000
56,887
Neptune Orient Lines, Ltd.
28,616
43,938
Olam International, Ltd.
34,457
76,382
Oversea-Chinese Banking Corp., Ltd.
52,819
401,691
SembCorp Industries, Ltd.
20,604
85,224
SembCorp Marine, Ltd.
23,293
108,003
Singapore Airlines, Ltd.
13,260
143,649
Singapore Exchange, Ltd.
20,399
127,112
Singapore Press Holdings, Ltd.
29,441
92,071
Singapore Technologies Engineering, Ltd.
33,798
87,301
Singapore Telecommunications, Ltd.
173,410
415,682
StarHub, Ltd.
21,000
44,990
United Overseas Bank, Ltd.
24,017
358,173
UOL Group, Ltd.
16,531
62,196
Wilmar International, Ltd.
32,000
138,860
Yangzijiang Shipbuilding Holdings, Ltd. (I)
27,000
38,802
3,953,958
South Africa - 1.81%
ABSA Group, Ltd.
8,676
175,000
African Bank Investments, Ltd.
13,371
74,887
African Rainbow Minerals, Ltd.
3,461
113,874
Anglo Platinum, Ltd.
1,472
151,417
AngloGold Ashanti, Ltd.
7,283
349,284
Aspen Pharmacare Holdings, Ltd. (I)
4,390
51,240
Aveng, Ltd.
9,037
47,672
Bidvest Group, Ltd.
7,302
160,606
Discovery Holdings, Ltd., ADR
6,145
34,594
FirstRand, Ltd.
58,792
174,681
Foschini, Ltd.
3,226
40,324
Gold Fields, Ltd.
16,520
288,667
Growthpoint Properties, Ltd.
29,612
75,686
Harmony Gold Mining Company, Ltd.
9,268
137,175
Impala Platinum Holdings, Ltd.
11,591
334,526
Imperial Holdings, Ltd.
3,486
58,837
Investec, Ltd.
4,332
33,812
Kumba Iron Ore, Ltd.
1,477
104,224
196
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
International Equity Index Trust A (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
South Africa (continued)
Kumba Resources, Ltd.
2,723
Liberty Holdings, Ltd.
1,116
$
66,437
11,730
Massmart Holdings, Ltd.
5,254
108,685
Mittal Steel South Africa, Ltd.
2,574
34,250
MMI Holdings, Ltd.
9,922
24,440
MTN Group, Ltd.
34,339
692,985
Murray & Roberts Holdings, Ltd.
3,828
15,006
Naspers, Ltd., SADR
8,295
444,984
Nedbank Group, Ltd.
5,487
114,802
Netcare, Ltd.
24,570
52,645
Northam Platinum, Ltd.
3,938
25,548
Pick’n Pay Stores, Ltd.
4,153
28,282
Pretoria Portland Cement Company, Ltd.
18,222
64,645
Redefine Income Fund, Ltd.
45,895
50,880
Remgro, Ltd.
9,871
162,540
Reunert, Ltd.
1,838
15,923
RMB Holdings, Ltd.
17,617
72,765
Rmi Holdings
17,617
30,338
Sanlam, Ltd.
46,062
187,707
Sappi, Ltd. (I)
18,486
97,730
Sasol, Ltd.
12,571
728,074
Shoprite Holdings, Ltd.
10,318
158,097
Standard Bank Group, Ltd.
25,389
389,977
Steinhoff International Holdings, Ltd. (I)
22,337
83,095
Telkom SA, Ltd.
5,430
29,714
Tiger Brands, Ltd.
3,083
79,703
Trans Hex Group, Ltd. (I)
577
218
Truworths International, Ltd.
10,550
109,831
Vodacom Group, Ltd.
6,961
81,672
Woolworths Holdings, Ltd.
14,552
60,083
6,429,292
South Korea - 3.42%
Amorepacific Corp.
73
69,543
Asiana Airlines, Inc. (I)
566
5,129
BS Financial Group, Inc. (I)
4,805
69,647
Celltrion, Inc. (I)
1,540
48,825
Cheil Industries, Inc.
1,080
114,521
CJ CheilJedang Corp.
135
28,284
Daegu Bank
2,820
46,230
Daelim Industrial Company, Ltd.
470
45,749
Construction Company, Ltd. (I)
3,921
43,236
Daewoo International Corp.
1,547
52,323
Daewoo Securities Company, Ltd. (I)
3,500
71,307
Engineering Company, Ltd.
2,200
68,459
Dongbu Insurance Company, Ltd.
960
43,784
Dongkuk Steel Mill Company, Ltd.
1,370
49,248
Doosan Corp.
360
46,930
Daewoo Engineering &
Daewoo Shipbuilding & Marine
Doosan Heavy Industries and
Construction Company, Ltd.
690
44,157
Doosan Infracore Company, Ltd. (I)
1,290
35,856
GLOVIS Company, Ltd.
300
42,728
GS Engineering & Construction Corp.
990
104,237
GS Holdings Corp.
1,190
101,208
Hana Financial Group, Inc.
3,640
157,792
Construction Company, Ltd. (I)
256
7,631
Hanjin Shipping Company, Ltd.
227
7,067
Hanjin Shipping Holdings Company, Ltd.
357
5,138
Hankook Tire Company, Ltd.
1,700
55,475
Hanwha Chemical Corp.
892
35,132
Hanwha Corp.
1,010
46,517
Hite Holdings Company, Ltd.
206
3,283
Hanjin Heavy Industries &
International Equity Index Trust A (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
South Korea (continued)
Honam Petrochemical Corp.
340
Hynix Semiconductor, Inc.
11,220
$
119,887
319,411
Hyosung Corp.
550
44,056
Hyundai Department Store Company, Ltd.
420
54,310
Hyundai Development Company
790
22,938
Construction Company, Ltd.
1,090
78,548
Hyundai Heavy Industries Company, Ltd.
780
367,778
Hyundai Mipo Dockyard Company, Ltd.
270
46,028
Hyundai Mobis
1,500
448,074
Hyundai Motor Company, Ltd.
3,290
610,660
Hyundai Securities Company, Ltd. (I)
2,644
31,747
Hyundai Steel Company
1,420
180,949
Industrial Bank of Korea
4,670
80,289
Kangwon Land, Inc.
2,090
48,644
KB Financial Group, Inc.
7,650
400,336
KB Financial Group, Inc., ADR
206
10,747
KCC Corp.
100
33,111
Kia Motors Corp.
5,220
329,417
Korea Electric Power Corp. (I)
5,980
146,541
Korea Electric Power Corp., SADR (I)
744
9,107
Korea Exchange Bank
4,900
43,257
Korea Gas Corp.
830
27,672
Korea Investment Holdings Company, Ltd. (I)
1,090
41,635
Korea Life Insurance Company Ltd. (I)
4,330
29,921
Korea Line Corp. (I)
302
2,626
Korea Zinc Company, Ltd.
200
72,629
Korean Air Lines Company, Ltd.
807
48,166
Korean Reinsurance Company, Ltd.
24
280
KT Corp.
3,117
110,487
KT Corp. SADR
266
5,195
KT&G Corp.
2,210
114,955
Hyundai Engineering &
Kumho Industrial Company, Ltd. (I)
247
2,854
LG Chem, Ltd.
924
387,091
LG Corp.
2,370
176,495
LG Display Company, Ltd.
5,650
176,892
LG Display Company, Ltd., ADR
57
897
LG Electronics, Inc.
2,000
191,104
LG Household & Health Care, Ltd.
180
67,505
LG Innotek Company, Ltd.
210
22,264
LG Uplus Corp.
5,871
33,130
Lotte Confectionery Company, Ltd.
4
5,466
Lotte Shopping Company, Ltd.
240
98,236
LS Cable, Ltd.
380
38,215
LS Industrial Systems Company, Ltd.
440
32,443
Mirae Asset Securities Company, Ltd.
285
12,166
NCSoft Corp.
320
73,083
NHN Corp. (I)
1,018
177,595
OCI Company, Ltd.
380
170,930
POSCO
1,410
647,043
S-Oil Corp.
1,000
137,493
S1 Corp.
140
7,182
Samsung Card Company, Ltd.
900
45,503
Samsung Corp.
2,410
157,464
Samsung Electro-Mechanics Company, Ltd.
1,440
153,965
Samsung Electronics Company, Ltd.
2,303
1,953,818
Samsung Engineering Company, Ltd.
580
110,359
Insurance Company, Ltd.
720
159,030
Samsung Heavy Industries Company, Ltd.
3,310
120,397
Samsung SDI Company, Ltd.
880
134,532
Samsung Securities Company, Ltd. (I)
1,060
77,727
Samsung Techwin Company, Ltd.
797
57,933
Seoul Semiconductor Company, Ltd.
720
28,081
Samsung Fire & Marine
197
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
International Equity Index Trust A (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
South Korea (continued)
Shinhan Financial Group
Company, Ltd., SADR
175
$
15,850
Shinhan Financial Group Company, Ltd.
9,270
421,268
Shinsegae Company, Ltd.
708
168,319
SK Broadband Company, Ltd. (I)
4,618
20,018
SK C&C Company, Ltd.
340
30,096
SK Energy Company, Ltd.
1,167
222,627
SK Holdings Company, Ltd.
592
89,408
SK Networks Company, Ltd.
2,970
33,249
SK Telecom Company, Ltd.
920
137,126
SK Telecom Company, Ltd. ADR
657
12,358
STX Pan Ocean Company, Ltd.
2,370
21,389
Tong Yang Investment Bank (I)
2,977
21,350
Woongjin Coway Company, Ltd.
1,060
36,575
Woori Finance Holdings Company, Ltd.
6,360
84,196
Woori Investment & Securities Company, Ltd.
1,860
33,999
Yuhan Corp.
199
26,849
12,160,407
Spain - 2.35%
Abertis Infraestructuras SA
5,089
110,530
Acciona SA
627
68,126
Acerinox SA
2,601
51,324
y Servicios SA
2,850
133,704
Amadeus IT Holding SA, A Shares (I)
3,953
75,654
Banco Bilbao Vizcaya Argentaria SA
86,901
1,055,022
Banco de Sabadell SA
15,778
69,109
Banco de Valencia SA (I)(L)
4,686
20,980
Banco Popular Espanol SA
19,770
116,235
Banco Santander SA (I)
176,326
2,055,020
Bankinter SA (L)
3,875
26,588
Criteria Caixacorp SA
16,111
113,751
EDP Renovaveis SA (I)
2,863
20,581
Enagas SA
4,243
95,699
Ferrovial SA (I)
7,864
98,642
Fomento de Construcciones SA
418
13,856
Gas Natural SDG SA
3,995
75,021
Gestevision Telecinco SA
2,419
27,677
Grifols SA
2,505
43,719
Iberdrola Renovables SA
20,197
87,147
Iberdrola SA
81,615
709,863
Inditex SA
4,665
374,492
Indra Sistemas SA
1,914
38,402
Mapfre SA
14,284
53,853
Red Electrica De Espana
2,102
119,396
Repsol YPF SA
15,775
541,321
Telefonica SA
84,041
2,104,112
Zardoya Otis SA
2,678
44,456
ACS Actividades de Construccion
8,344,280
Sweden - 1.80%
Alfa Laval AB
3,968
86,118
Assa Abloy AB, Series B
6,501
186,899
Atlas Copco AB, Series A
11,483
305,280
Atlas Copco AB, Series B
5,423
131,125
Boliden AB
6,000
128,963
CDON Group AB (I)
1,132
6,131
Electrolux AB (L)
4,995
128,896
Getinge AB, Series B
3,600
88,965
Hennes & Mauritz AB, B Shares
20,436
679,298
Hexagon AB (I)
4,600
109,753
Holmen AB, Series B
229
7,917
Husqvarna AB, B Shares
2,659
22,828
Investor AB, B Shares (L)
7,800
189,360
International Equity Index Trust A (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Sweden (continued)
Modern Times Group AB, B Shares
1,132
Nordea Bank AB (L)
52,081
$
86,072
570,282
Sandvik AB
15,393
291,017
Scania AB, Series B
5,700
132,370
Securitas AB, Series B
1,701
20,256
AB, Series A (L)
22,665
202,232
Skanska AB, Series B (L)
6,841
144,018
SKF AB, B Shares
7,948
231,476
SSAB AB, Series A (L)
1,427
22,582
Svenska Cellulosa AB (L)
9,724
156,446
Svenska Handelsbanken AB, Series A (L)
9,761
320,387
Swedbank AB, Class A (L)
13,850
237,081
Swedish Match AB
4,847
161,107
Tele2 AB, Series B
1,743
40,353
Telefonaktiebolaget LM Ericsson, B Shares
61,750
794,089
Teliasonera AB (L)
48,557
419,962
Volvo AB, Series B (L)
28,880
507,446
Skandinaviska Enskilda Banken
6,408,709
Switzerland - 5.33%
ABB, Ltd. (I)
46,244
1,113,366
Actelion, Ltd. (I)
2,680
154,120
Adecco SA
3,024
199,162
Aryzta AG
1,920
98,212
Baloise Holding AG
1,167
115,635
Compagnie Financiere Richemont SA
11,016
636,117
Credit Suisse Group AG (I)
22,918
973,905
GAM Holding, Ltd. (I)
6,086
115,639
Geberit AG (I)
951
207,295
Givaudan AG (I)
189
190,295
Holcim, Ltd. (I)
5,177
389,868
Julius Baer Group, Ltd. (I)
5,090
220,946
Kuehne & Nagel International AG
1,341
187,607
Lindt & Spruengli AG
23
66,393
Lindt & Spruengli AG - REG
3
97,505
Logitech International SA (I)
4,876
87,909
Lonza Group AG (I)
1,227
102,795
Nestle SA
71,095
4,079,410
Novartis AG
43,220
2,343,266
Pargesa Holding SA, ADR
692
66,261
Roche Holdings AG
14,192
2,027,206
Schindler Holding AG
1,370
164,587
Schindler Holding AG - REG
573
69,219
SGS SA
131
233,428
Sika AG
46
110,751
Sonova Holding AG
1,141
101,687
Straumann Holding AG
206
52,963
Swatch Group AG
1,096
87,111
Swiss Life Holding (I)
685
113,220
Swiss Reinsurance Company, Ltd. (I)
8,146
466,253
Swisscom AG
571
254,588
Syngenta AG
1,996
648,869
Synthes AG
1,468
198,659
The Swatch Group AG, BR Shares
651
287,711
Transocean, Ltd. (I)
6,712
526,929
UBS AG (Swiss Exchange) (I)
74,231
1,332,431
Zurich Financial Services AG (I)
2,916
816,416
18,937,734
Taiwan - 2.03%
Acer, Inc.
41,783
85,288
Advanced Semiconductor Engineering, Inc.
72,104
78,592
Advantech Company, Ltd.
6,541
20,225
Asia Cement Corp.
19,010
21,347
198
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
International Equity Index Trust A (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Taiwan (continued)
Asia Optical Company, Inc. (I)
59
Asustek Computer, Inc.
9,635
$
115
83,302
AU Optronics Corp. (I)
111,616
97,588
Catcher Technology Company, Ltd.
10,384
51,413
Cathay Financial Holdings Company, Ltd.
104,265
171,950
Chang Hwa Commercial Bank, Ltd.
74,000
59,414
Cheng Shin Rubber Industry Company, Ltd.
10,993
25,500
Cheng Uei Precision Industry Company, Ltd.
6,814
13,215
Chicony Electronics Company, Ltd.
9,450
16,942
Chimei Innolux Corp. (I)
68,007
69,770
China Airlines, Ltd. (I)
14,682
8,435
China Development Financial Holdings Corp.
144,799
58,378
China Motor Company, Ltd.
40
33
China Steel Corp.
196,651
234,932
Chinatrust Financial Holding Company, Ltd.
150,861
128,113
Chunghwa Picture Tubes, Ltd. (I)
24,827
3,091
Chunghwa Telecom Company, Ltd.
57,165
178,076
CMC Magnetics Corp. (I)
52,000
12,597
Compal Communications, Inc.
307
280
Compal Electronics, Inc.
60,071
59,606
Coretronic Corp.
17,000
27,436
D-Link Corp.
934
869
Delta Electronics, Inc.
27,475
108,881
E.Sun Financial Holding Company, Ltd.
27,972
17,603
Epistar Corp.
11,828
43,372
Eternal Chemical Company, Ltd.
11,757
13,878
EVA Airways Corp. (I)
13,601
10,712
Evergreen Marine Corp. (I)
22,000
18,323
Everlight Electronics Company, Ltd.
4,356
12,312
Far Eastern Department Stores Company, Ltd.
14,410
22,777
Far Eastern New Century Corp.
45,340
70,082
Telecommunications Company, Ltd.
18,927
28,327
Feng Hsin Iron & Steel Co., Ltd.
12,000
21,280
Firich Enterprises Co., Ltd.
426
641
First Financial Holding Company, Ltd.
75,661
64,866
Formosa Chemicals & Fibre Corp.
46,350
175,612
Formosa Petrochemical Corp.
18,990
62,278
Formosa Plastic Corp.
77,700
273,393
Formosa Taffeta Company, Ltd.
16,000
16,067
Foxconn Technology Company, Ltd.
7,608
29,007
Fubon Financial Holding Company, Ltd.
77,696
103,212
HannStar Display Corp. (I)
85,449
15,185
Hon Hai Precision Industry Company, Ltd.
173,470
607,923
HTC Corp.
13,837
541,461
Hua Nan Financial Holdings Company, Ltd.
53,658
40,100
Inotera Memories, Inc. (I)
46,616
23,795
Inventec Appliances Corp.
488
386
Inventec Company, Ltd.
33,107
16,875
KGI Securities Company, Ltd.
44,000
21,067
Kinsus Interconnect Technology Corp.
4,422
13,612
Largan Precision Company, Ltd.
1,101
29,752
Lite-On Technology Corp.
24,364
30,006
Macronix International Company, Ltd.
36,847
24,448
MediaTek, Inc.
17,977
206,502
Mega Financial Holding Company, Ltd.
126,000
99,228
Mitac International
7,319
3,145
Mosel Vitelic, Inc. (I)
315
158
Motech Industries, Inc.
3,524
15,285
Nan Ya Plastics Corp.
108,520
319,659
Nan Ya Printed Circuit Board Corp.
3,140
9,368
Nanya Technology Corp. (I)
25,817
13,451
Novatek Microelectronics Corp., Ltd.
8,277
24,346
Pan-International Industrial Company, Ltd.
267
311
Pegatron Corp. (I)
25,934
29,380
Far EasTone
International Equity Index Trust A (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Taiwan (continued)
Phison Electronics Corp.
2,399
$
13,426
Pixart Imaging, Inc.
2,019
8,312
Polaris Securities Company, Ltd.
18,150
12,286
Pou Chen Corp.
26,247
24,239
Powerchip Semiconductor Corp. (I)
13,400
2,898
Powertech Technology, Inc.
11,397
35,658
President Chain Store Corp.
10,224
45,339
Qisda Corp. (I)
25,272
15,305
Quanta Computer, Inc.
36,198
68,358
Realtek Semiconductor Corp.
8,193
14,717
Richtek Technology Corp.
1,212
8,391
Holding Company, Ltd. (I)
114,466
49,654
Siliconware Precision Industries Company
45,426
56,245
Simplo Technology Company, Ltd.
5,500
34,426
SinoPac Holdings Company, Ltd.
67,000
30,202
Synnex Technology International Corp.
13,506
31,482
Taishin Financial Holdings Company, Ltd. (I)
46,568
26,380
Taiwan Cement Corp.
50,476
60,907
Taiwan Cooperative Bank
57,860
45,416
Taiwan Fertilizer Company, Ltd.
11,000
32,332
Taiwan Glass Industrial Corp.
18,285
23,098
Taiwan Mobile Company, Ltd.
29,242
68,804
Manufacturing Company, Ltd.
495,316
1,187,597
Tatung Company, Ltd. (I)
73,000
16,757
Teco Electric & Machinery Company, Ltd.
32,000
22,398
Transcend Information, Inc.
4,405
12,027
Tripod Technology Corp.
7,322
32,276
Tung Ho Steel Enterprise Corp.
12,849
14,903
U-Ming Marine Transport Corp.
9,000
19,150
Uni-President Enterprises Corp.
57,923
79,335
Unimicron Technology Corp.
15,453
26,291
United Microelectronics Corp.
202,259
105,122
Vanguard International Semiconductor Corp.
17,254
8,204
Wafer Works Corp. (I)
102
180
Walsin Lihwa Corp. (I)
25,000
13,141
Wan Hai Lines, Ltd. (I)
5,200
3,639
Wintek Corp. (I)
24,000
42,539
Wistron Corp.
28,985
45,889
WPG Holdings Company, Ltd.
18,878
31,790
Ya Hsin Industrial Company, Ltd. (I)
14,000
0
Yang Ming Marine Transport Corp. (I)
25,500
19,991
Young Fast Optoelectronics Company, Ltd.
2,095
15,395
Yuanta Financial Holdings Company, Ltd.
121,060
87,076
Yulon Motor Company, Ltd.
14,419
26,640
Zinwell Corp.
723
1,318
Shin Kong Financial
Taiwan Semiconductor
7,204,106
Thailand - 0.42%
Advanced Info Service PLC
23,200
69,036
Bangkok Bank PCL
9,000
51,191
Bangkok Bank PCL (Foreign REG)
30,900
177,077
Bangkok Expressway PCL
4,000
2,500
Bank of Ayudhya PCL
37,100
30,562
Banpu PCL
3,400
86,237
BEC World PCL
11,019
12,296
C.P. Seven Eleven PCL
44,605
58,992
Charoen Pokphand Foods PCL
48,700
41,462
IRPC PCL
97,700
18,574
Kasikornbank PCL
8,100
34,006
Kasikornbank PCL (Foreign Shares)
39,200
170,167
Krung Thai Bank PCL
52,000
31,635
PTT Aromatics & Refining PCL
32,400
39,904
PTT Chemical PCL
9,500
46,487
199
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
International Equity Index Trust A (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Thailand (continued)
PTT Exploration & Production PCL
26,100
$
155,331
PTT PCL, Foreign Shares
17,900
209,509
Siam Cement PCL, Foreign Shares
8,400
105,139
Siam Commercial Bank PCL
31,748
113,367
Thai Oil PCL
13,200
36,333
1,489,805
Turkey - 0.37%
Akbank AS
25,630
124,547
Anadolu Efes Biracilik ve Malt Sanayii AS
4,447
62,879
Arcelik AS
3,796
17,563
Asya Katilim Bankasi AS
10,118
19,731
BIM Birlesik Magazalar AS
1,594
53,624
Enka Insaat ve Sanayi AS
9,739
37,561
Eregli Demir ve Celik Fabrikalari AS (I)
13,105
35,075
Eregli Demir ve Celik Fabrikalari TAS (I)
4,504
11,318
HACI Omer Sabanci Holding AS
13,187
61,341
KOC Holdings AS
11,730
54,462
Tupras Turkiye Petrol Rafine AS
2,694
79,055
Turk Hava Yollari AS (I)
10,525
29,294
Turk Telekomunikasyon AS
15,459
77,736
Turkcell Iletisim Hizmetleri AS
19,742
117,753
Turkiye Garanti Bankasi AS
51,188
239,443
Turkiye Halk Bankasi AS
6,636
51,380
Turkiye Is Bankasi AS
40,014
128,059
Turkiye Vakiflar Bankasi Tao
17,122
42,821
Yapi ve Kredi Bankasi AS (I)
19,138
54,928
1,298,570
Ukraine - 0.01%
Kernel Holding SA (I)
821
20,523
3i Group PLC
24,751
118,835
Admiral Group PLC
2,851
71,130
Aggreko PLC
5,847
147,826
AMEC PLC
4,371
83,561
Anglo American PLC
26,672
1,371,387
Antofagasta PLC
8,386
182,887
ARM Holdings PLC
29,477
274,744
Associated British Foods PLC
6,240
99,389
AstraZeneca PLC (I)
28,485
1,309,595
Autonomy Corp. PLC (I)
5,327
135,952
Aviva PLC
58,650
407,324
Babcock International Group PLC
7,244
72,128
BAE Systems PLC
75,319
393,021
Balfour Beatty PLC
7,728
42,610
Barclays PLC
238,621
1,070,466
BG Group PLC
68,417
1,699,628
BHP Billiton PLC
45,123
1,788,678
BP PLC
383,843
2,795,553
British American Tobacco PLC
40,780
1,638,770
British Land Company PLC
17,879
158,689
British Sky Broadcasting Group PLC
24,933
330,023
BT Group PLC
165,022
492,926
Bunzl PLC
4,517
53,950
Burberry Group PLC
10,063
189,545
Cable & Wireless Worldwide
34,690
29,183
Cairn Energy PLC (I)
28,281
209,903
Capita Group PLC
13,887
165,675
Capital Shopping Centres Group PLC
11,282
69,359
Carnival PLC
2,878
113,356
Centrica PLC
110,437
575,993
Cobham PLC
23,239
85,934
Compass Group PLC
40,796
367,185
Diageo PLC
52,236
994,175
United Kingdom - 13.78%
International Equity Index Trust A (continued)
Shares or
Principal
Amount
COMMON STOCKS (continued)
Value
United Kingdom (continued)
Eurasian Natural Resources Corp.
3,511
FirstGroup PLC
5,862
$
52,720
30,694
Fresnillo PLC
2,849
70,666
G4S PLC
22,271
91,252
GlaxoSmithKline PLC
106,240
2,027,266
Hammerson PLC
16,512
118,533
Home Retail Group PLC
12,392
38,387
HSBC Holdings PLC
357,398
3,675,218
ICAP PLC
5,709
48,364
Imperial Tobacco Group PLC (L)
20,579
636,651
Inmarsat PLC
7,073
68,552
Intercontinental Hotels Group PLC
6,529
134,000
5,342
19,642
Group SA - DI (I)
3,159
11,500
International Power PLC
33,920
167,585
Intertek Group PLC
3,224
105,307
Invensys PLC
9,591
53,202
Investec PLC
9,770
74,887
ITV PLC (I)
83,028
103,133
J Sainsbury PLC
20,467
110,053
Johnson Matthey PLC
3,753
111,957
Kazakhmys PLC
3,789
84,932
Kingfisher PLC
53,537
211,060
Ladbrokes PLC
5
11
Land Securities Group PLC
17,414
205,121
Legal & General Group PLC
130,226
241,092
Lloyds Banking Group PLC (I)
840,748
783,793
London Stock Exchange Group PLC
2,995
40,063
Lonmin PLC, ADR
2,812
76,748
Man Group PLC
38,396
151,740
Marks & Spencer Group PLC
34,845
188,158
National Grid PLC
72,369
691,259
Next PLC
3,410
108,312
Old Mutual PLC
114,848
250,575
Pearson PLC (I)
17,145
303,747
Petrofac, Ltd.
3,790
90,627
Pharmstandard (I)
1,320
36,894
PIK Group, GDR (I)
11,522
51,784
Prudential PLC
51,441
583,269
Randgold Resources, Ltd. (I)
1,888
152,736
Reckitt Benckiser Group PLC
12,462
640,053
Reed Elsevier PLC
25,293
219,034
Resolution, Ltd.
29,354
139,501
Rexam PLC
12,743
74,235
Rio Tinto PLC
29,277
2,065,727
Rolls-Royce Group PLC (I)
39,481
392,046
Royal Bank of Scotland Group PLC (I)
351,443
230,407
Royal Dutch Shell PLC
73,215
2,656,138
Royal Dutch Shell PLC, B Shares
55,131
2,000,712
RSA Insurance Group PLC
70,521
148,751
SABMiller PLC
20,210
716,184
Sage Group PLC
23,422
104,615
International Consolidated
Airlines Group SA (I)
International Consolidated Airlines
Schroders PLC
2,473
68,913
Scottish & Southern Energy PLC
20,007
404,721
Segro PLC
10,521
54,336
Serco Group PLC
12,340
110,564
Severn Trent PLC
4,202
98,598
Smith & Nephew PLC
18,531
208,883
Smiths Group PLC
8,768
182,646
Standard Chartered PLC
48,630
1,261,417
Standard Life PLC
52,476
174,116
Tesco PLC
162,232
991,115
The Weir Group PLC
4,239
117,719
200
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
International Equity Index Trust A (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
United Kingdom (continued)
Thomas Cook Group PLC
15,846
TUI Travel PLC
6,822
$
43,331
24,839
Tullow Oil PLC
19,022
442,372
Unilever PLC
27,017
823,948
United Utilities Group PLC
15,485
147,088
Vedanta Resources PLC
2,522
96,191
Vodafone Group PLC
1,056,492
2,991,364
Whitbread PLC
2,788
73,881
William Morrison Supermarket PLC
44,313
196,200
Wolseley PLC
5,750
193,875
WPP PLC
26,510
326,888
Xstrata PLC
42,891
1,001,468
48,962,746
TOTAL COMMON STOCKS (Cost $250,635,281)
$
330,745,590
PREFERRED SECURITIES - 2.37%
Brazil - 2.00%
AES Tiete SA
2,400
36,456
Banco Bradesco SA
42,218
862,383
Banco do Estado do Rio Grande do Sul SA
3,894
47,940
Bradespar SA
5,800
152,047
Brasil Telecom SA
4,873
43,458
Braskem SA, A Shares
3,700
49,042
Centrais Eletricas Brasileiras SA (I)
4,400
82,521
Cia Paranaense de Energia
2,000
54,451
Pao de Acucar (I)
2,021
83,085
Companhia de Bebidas das Americas
15,865
441,653
Eletrica Paulista
1,010
32,206
Companhia Energetica de Minas Gerais
5,494
104,957
Companhia Energetica de Sao Paulo
3,949
75,224
Sao Paulo SA
2,135
47,208
Fertilizantes Fosfatados SA
1,400
13,583
Gerdau SA
13,800
170,656
Gol Linhas Aereas Inteligentes SA
2,400
32,105
Investimentos Itau SA
50,940
399,370
Itau Unibanco Holding SA
45,131
1,075,305
Klabin SA
14,000
56,595
Lojas Americanas SA
7,300
60,809
Metalurgica Gerdau SA
7,000
104,444
Petroleo Brasileiro SA
73,452
1,282,649
Suzano Papel e Celulose SA
3,875
35,720
Tam SA
2,460
47,463
Tele Norte Leste Participacoes SA
5,500
94,662
Telemar Norte Leste SA
200
6,793
Tim Participacoes SA
12,229
52,507
Usinas Siderurgicas de Minas Gerais SA
9,850
119,154
Vale SA
44,068
1,279,137
Vivo Participacoes SA
4,141
163,849
Companhia Brasileira de Distribuicao Grupo
Companhia de Transmissao de Energia
Eletropaulo Metropolitana Eletricidade de
7,107,432
Germany - 0.27%
Bayerische Motoren Werke AG
607
34,419
Henkel AG & Company KGaA
3,741
231,643
Porsche Automobil Holding SE
1,683
110,493
RWE AG
726
44,176
Volkswagen AG
3,429
557,421
978,152
South Korea - 0.10%
Hyundai Motor Company, Ltd.
660
39,665
Hyundai Motor Company, Ltd. -2nd Preferred
660
42,799
LG Electronics, Inc.
220
7,794
International Equity Index Trust A (continued)
Shares or
Principal
Amount
Value
PREFERRED SECURITIES (continued)
South Korea (continued)
Samsung Electronics Company, Ltd.
440
$
251,311
341,569
TOTAL PREFERRED SECURITIES (Cost $5,582,833)
$
8,427,153
RIGHTS - 0.01%
B2W Cia Global Do Varejo (Expiration Date:
04/26/2011, Strike Price: BRL 21.62) (I)
793
$
544
Porsche Automobil Holding SE (Expiration
Date: 04/12/2011, Strike Price:
EUR 38.00) (I)
1,683
14,590
10,000
665
TeliaSonera AB (Expiration Date: 03/25/11,
Strike Price: SEK 62.00) (I)
TOTAL RIGHTS (Cost $15,022)
$
15,799
WARRANTS - 0.00%
Golden Agri-Resources, Ltd. (Expiration Date:
07/23/2012, Strike Price: SGD 0.54) (I)
12,343
1,665
605
1,685
Kinross Gold Corp. (Expiration Date: 9/17/14,
Strike Price: $21.30) (I)
UBI Banca SCPA (Expiration Date: 6/30/11,
Strike Price: EUR 12.30) (I)
75,551
TOTAL WARRANTS (Cost $2,883)
96
$
3,446
SECURITIES LENDING COLLATERAL - 2.63%
John Hancock Collateral
Investment Trust, 0.2867%
934,932
9,355,771
TOTAL SECURITIES LENDING
COLLATERAL (Cost $9,355,893)
$
9,355,771
4,346,135 $
4,346,135
$
4,346,135
$
352,893,894
SHORT-TERM INVESTMENTS - 1.22%
Money Market Funds* - 1.22%
AIM Short-Term Investment Trust, STIC
Prime Portfolio, 0.130%
$
TOTAL SHORT-TERM INVESTMENTS (Cost $4,346,135)
Total Investments (International Equity Index Trust A)
(Cost $269,938,047) - 99.33%
Other assets and liabilities, net - 0.67%
2,380,813
TOTAL NET ASSETS - 100.00%
$
355,274,707
International Equity Index Trust B
Shares or
Principal
Amount
Value
COMMON STOCKS - 94.17%
Australia - 5.69%
AGL Energy, Ltd.
9,234
Alumina, Ltd.
60,159
$
136,600
153,217
Amcor, Ltd.
27,714
202,234
AMP, Ltd.
68,166
382,496
Asciano Group
66,972
120,461
Australia & New Zealand Banking Group, Ltd.
54,543
1,342,041
Australian Stock Exchange, Ltd.
3,001
106,802
Bendigo and Adelaide Bank, Ltd.
8,248
81,306
BHP Billiton, Ltd.
71,177
3,411,340
Billabong International, Ltd.
4,392
34,265
BlueScope Steel, Ltd.
38,977
79,494
Boral, Ltd.
14,313
73,946
Brambles, Ltd.
30,546
223,532
201
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
International Equity Index Trust B (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Australia (continued)
Caltex Australia, Ltd.
2,363
CFS Gandel Retail Trust
56,851
$
38,099
108,156
Coca-Cola Amatil, Ltd.
10,321
125,284
Cochlear, Ltd.
902
77,431
Commonwealth Bank of Australia
33,177
1,798,405
Computershare, Ltd.
7,493
71,784
Crown, Ltd.
6,963
58,630
CSL, Ltd.
11,614
429,085
CSR, Ltd.
4,995
16,931
Dart Energy, Ltd. (I)
6,841
6,174
Dexus Property Group
69,515
61,136
Duluxgroup, Ltd.
9,493
26,596
Fortescue Metals Group, Ltd.
27,667
182,813
Foster’s Group, Ltd.
41,058
242,759
General Property Trust, Ltd.
44,415
144,255
Goodman Fielder, Ltd.
13,916
17,697
Goodman Group
151,248
107,145
Harvey Norman Holding, Ltd.
6,970
21,609
Incitec Pivot, Ltd.
32,945
147,271
James Hardie Industries, Ltd. (I)
8,535
53,742
John Fairfax Holdings, Ltd. (L)
28,706
38,282
Leighton Holdings, Ltd. (L)
3,553
108,259
Lend Lease Corp.
11,730
109,900
MacArthur Coal, Ltd.
2,890
34,644
Macquarie Airports, Ltd.
7,889
24,794
Macquarie Group, Ltd.
7,872
297,588
Metcash, Ltd.
10,625
45,705
Mirvac Group, Ltd.
65,898
84,866
National Australia Bank, Ltd.
45,305
1,211,834
Newcrest Mining, Ltd.
11,382
470,264
NRMA Insurance Group, Ltd.
47,431
176,071
Nufarm, Ltd. (I)
553
2,967
OneSteel, Ltd.
32,986
83,103
Orica, Ltd.
7,710
210,099
Origin Energy, Ltd.
22,221
371,060
Oxiana, Ltd.
49,661
81,780
Paladin Resources, Ltd. (I)(L)
13,414
50,127
Qantas Airways, Ltd. (I)
28,030
63,116
QBE Insurance Group, Ltd.
23,440
427,935
QR National, Ltd. (I)
33,629
116,649
Rio Tinto, Ltd.
9,285
812,507
Santos, Ltd.
17,784
284,679
Sims Group, Ltd.
2,386
43,146
Sonic Healthcare, Ltd.
6,727
83,323
Stockland
54,372
208,676
Suncorp-Metway, Ltd.
28,512
249,564
TABCORP Holdings, Ltd.
16,416
127,099
Tattersall’s, Ltd.
19,899
48,110
Telstra Corp., Ltd.
92,302
269,062
Toll Holdings, Ltd.
14,294
87,595
Transurban Group, Ltd.
24,718
137,405
Wesfarmers, Ltd.
21,939
720,218
Wesfarmers, Ltd.
3,668
121,905
Westfield Group
43,897
423,748
Westfield Retail Trust
43,897
118,892
Westpac Banking Corp.
63,665
1,600,372
Woodside Petroleum, Ltd.
12,595
609,099
Woolworths, Ltd.
25,697
714,105
WorleyParsons, Ltd.
4,072
130,354
20,881,638
Austria - 0.24%
Erste Group Bank AG
3,923
197,992
Immoeast AG (I)
9,682
0
Immofinanz AG (I)(L)
14,523
65,585
International Equity Index Trust B (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Austria (continued)
Oesterreichische Elektrizitaets AG, Class A
2,067
$
91,789
OMV AG
3,353
151,473
Raiffeisen International Bank Holding AG
1,162
64,500
Telekom Austria AG
8,595
125,831
Voestalpine AG
3,174
149,051
771
44,037
Wiener Staedtische Allgemeine
Versicherung AG
890,258
Belgium - 0.65%
Ageas
50,631
144,206
Ageas, VVPR (I)
24,938
71
Anheuser-Busch InBev NV
15,851
904,170
Bekaert SA (I)
749
85,474
Belgacom SA
3,375
130,842
Colruyt SA
1,515
79,819
Compagnie Nationale A Portefeuille, ADR (I)
640
44,118
Delhaize Group SA
2,427
197,692
Dexia SA (I)
12,020
46,841
Groupe Bruxelles Lambert SA
1,968
183,955
KBC Bancassurance Holding NV
3,626
136,404
Mobistar SA
890
61,753
Solvay SA
1,200
142,146
UCB SA
2,618
99,488
Umicore
2,468
122,565
2,379,544
Bermuda - 0.06%
Seadrill, Ltd.
6,250
225,871
All America Latina Logistica SA
7,500
61,556
B2W Companhia Global Do Varejo
779
10,664
Banco do Brasil SA
13,113
237,338
Banco Santander Brasil SA
12,894
156,372
BM&F Bovespa SA
43,476
315,555
BR Malls Participacoes SA
6,110
63,620
Brasil Telecom SA
808
8,740
Brasil Telecom SA - New York Exchange
588
15,882
Brasil Telecom SA, SADR
333
3,576
Braskem SA
1,584
42,657
Centrais Eletricas Brasileiras SA (I)
6,700
101,240
Centrais Eletricas Brasileiras SA, ADR
1,429
27,637
Centrais Eletricas Brasileiras SA, SADR
2,381
36,929
Acucar, ADR
628
26,332
Cia de Concessoes Rodoviarias, ADR
2,100
60,968
Sao Paulo
1,990
57,287
Cielo SA
14,117
119,670
Companhia Siderurgica Nacional SA
16,100
263,099
Cosan SA Industria e Comercio
3,511
54,622
CPFL Energia SA
2,200
62,511
Cyrela Brazil Realty SA
4,000
37,926
Diagnosticos da America SA
4,400
56,595
EDP - Energias do Brasil SA
2,900
70,517
Embraer SA, ADR
1,026
34,576
Empresa Brasileira de Aeronautica SA
10,800
89,303
Fibria Celulose SA
3,172
51,194
Fibria Celulose SA, SADR
1,562
25,648
Gafisa SA
5,274
33,337
Hypermarcas SA
3,108
41,119
JBS SA
15,473
55,537
Localiza Rent A Car SA
2,811
45,110
Lojas Renner SA (I)
2,800
90,707
Brazil - 1.64%
Cia Brasileira de Distribuicao Grupo Pao de
Cia de Saneamento Basico do Estado de
202
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
International Equity Index Trust B (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Brazil (continued)
Marfrig Frigorificos e Comercio
de Alimentos SA
4,457
$
39,830
MRV Engenharia e Participacoes SA
6,501
52,003
Natura Cosmeticos SA
2,300
64,803
OGX Petroleo e Gas Participacoes SA (I)
30,000
361,069
e Participacoes
12,764
71,613
Perdigao SA
15,120
285,517
Petroleo Brasileiro SA
53,929
1,077,490
Porto Seguro SA
4,419
74,703
Redecard SA
7,084
104,352
Rossi Residencial SA (I)
3,875
32,303
Souza Cruz SA
7,000
72,888
Tam SA
65
1,208
Tele Norte Leste Participacoes SA
2,500
57,116
Tele Norte Leste Participacoes SA, ADR
2,994
52,485
Tractebel Energia SA
6,200
104,811
Ultrapar Participacoes SA
6,000
99,335
Usinas Siderurgicas de Minas Gerais SA
4,400
75,460
Gerais SA, SADR
800
9,960
Vale Fertilizantes SA
28,900
944,363
Vivo Participacoes SA, ADR
322
13,002
Weg SA
4,600
60,576
PDG Realty SA Empreendimentos
Usinas Siderurgicas de Minas
6,012,711
Canada - 8.04%
Agnico-Eagle Mines, Ltd.
3,613
240,183
Agrium, Inc.
3,461
319,611
Alimentation Couche Tard, Inc.
2,200
57,842
ARC Resources, Ltd.
2,700
73,383
Athabasca Oil Sands Corp. (I)
5,400
93,797
Bank of Montreal (L)
12,209
793,113
Bank of Nova Scotia
22,048
1,352,899
Barrick Gold Corp.
21,130
1,098,237
Baytex Energy Corp.
2,200
128,642
BCE, Inc.
5,273
191,558
Bombardier, Inc.
31,938
234,882
Bonavista Energy Corp.
1,500
46,416
Brookfield Asset Management, Inc.
10,851
352,671
Brookfield Properties Corp.
5,034
89,101
CAE, Inc. (L)
5,716
75,938
Cameco Corp.
8,666
260,650
Canadian Imperial Bank of Commerce
8,330
718,296
Canadian National Railway Company
10,098
761,907
Canadian Natural Resources, Ltd.
23,344
1,154,318
Canadian Oil Sands, Ltd.
5,700
192,077
Canadian Pacific Railway, Ltd.
3,774
242,595
Canadian Tire Corp., Ltd.
1,554
103,146
Canadian Utilities, Ltd.
2,100
114,693
Cenovus Energy, Inc.
16,464
650,409
CGI Group, Inc. (I)
4,976
104,345
Chorus Aviation, Inc.
481
2,669
CI Financial Corp.
4,133
98,263
Crescent Point Energy Corp.
3,900
189,268
Eldorado Gold Corp.
11,500
187,535
Empire Company, Ltd.
800
44,130
Enbridge, Inc.
7,876
482,715
Encana Corp.
15,864
548,654
Enerplus Corp.
4,100
129,872
(Toronto Exchange)
359
135,713
Finning International, Inc.
4,338
128,149
First Quantum Minerals, Ltd.
1,600
206,985
Fortis, Inc.
3,500
119,567
Fairfax Financial Holdings, Ltd.
International Equity Index Trust B (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Canada (continued)
Franco-Nevada Corp.
2,200
$
80,761
George Weston, Ltd.
1,036
70,591
Gildan Activewear, Inc.
2,200
72,206
Goldcorp, Inc.
15,756
785,606
Great-West Lifeco, Inc. (L)
5,976
165,812
Husky Energy, Inc.
6,052
183,901
IAMGOLD Corp.
8,000
176,338
IGM Financial, Inc.
2,896
147,294
Imperial Oil, Ltd. (L)
6,303
322,074
Financial Services, Inc.
2,000
86,189
Inmet Mining Corp.
1,200
84,353
Intact Financial Corp.
2,100
108,845
Ivanhoe Mines, Ltd. (I)
5,865
160,856
Kinross Gold Corp.
24,969
393,529
Loblaw Companies, Ltd.
2,737
109,678
Magna International, Inc.
4,486
215,069
Manulife Financial Corp. (O)
37,724
668,487
Metro, Inc.
2,400
114,368
Industrial Alliance Insurance and
National Bank of Canada (L)
3,468
281,840
Nexen, Inc.
10,364
258,378
Niko Resources, Ltd.
900
86,333
Nordion, Inc.
1,600
18,880
Onex Corp.
2,532
88,770
Open Text Corp. (I)
1,300
80,776
Osisko Mining Corp. (I)
6,800
97,914
Pace Oil And Gas, Ltd. (I)
745
7,208
Pacific Rubiales Energy Corp.
5,600
155,379
Pan American Silver Corp.
2,100
78,000
Pengrowth Energy Trust
6,300
87,141
Penn West Petroleum, Ltd. (L)
8,913
247,486
PetroBakken Energy, Ltd., Class A
2,200
41,663
Petrobank Energy & Resources, Ltd. (I)
2,000
42,269
Potash Corp. of Saskatchewan, Inc.
19,233
1,134,539
Power Corp. of Canada (L)
7,617
225,721
Power Financial Corp. (L)
5,322
172,313
Progress Energy Resources Corp.
5,100
73,436
QLT, Inc. (I)
230
1,587
Research In Motion, Ltd. (I)
10,000
565,549
RioCan Real Estate Investment Trust
2,900
76,157
Ritchie Bros. Auctioneers, Inc. (L)
2,600
73,347
Rogers Communications, Inc., Class B (L)
9,142
332,299
Royal Bank of Canada
30,176
1,867,208
Saputo, Inc.
3,100
139,924
Shaw Communications, Inc., Class B
7,402
156,057
Sherritt International Corp.
6,300
51,726
Shoppers Drug Mart Corp.
4,556
187,315
Silver Wheaton Corp.
7,100
308,460
SNC-Lavalin Group, Inc.
3,213
183,070
Sun Life Financial, Inc.
12,552
394,491
Suncor Energy, Inc.
33,573
1,505,677
Talisman Energy, Inc.
21,826
539,628
Teck Resources, Ltd.
12,314
652,725
TELUS Corp.
3,244
157,599
Telus Corp.
1,000
51,129
The Toronto-Dominion Bank
18,700
1,654,936
Thomson Corp.
8,011
314,408
Tim Hortons, Inc.
3,600
163,272
TMX Group, Inc.
1,924
77,039
Trans-Canada Corp. (L)
15,150
614,282
TransAlta Corp.
4,921
103,750
Valeant Pharmaceuticals International, Inc.
2,750
137,287
Vermilion Energy, Inc.
900
46,908
Viterra, Inc.
5,600
67,928
Yamana Gold, Inc.
16,938
209,301
203
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
International Equity Index Trust B (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Canada (continued)
Yellow Media, Inc.
7,800
$
44,330
29,525,621
Cayman Islands - 0.08%
China Dongxiang Group Company
87,500
27,639
ENN Energy Holdings, Ltd.
18,000
55,895
Sands China, Ltd. (I)
46,400
103,275
Wynn Macau, Ltd.
34,843
97,156
283,965
Chile - 0.34%
Banco Santander Chile SA, ADR (L)
2,849
247,151
Centros Comerciales Sudamericanos SA (S)
3,301
353,937
Cia Cervecerias Unidas SA, ADR
1,234
72,929
CorpBanca SA, SADR (L)
2,999
67,148
Electricidad SA, ADR (L)
2,350
130,707
Enersis SA, SADR
5,590
116,384
Lan Airlines SA, SADR (L)
5,140
131,533
Chile SA, ADR (L)
1,829
101,071
Vina Concha Y Toro SA, ADR (L)
808
37,960
Empresa Nacional de
Sociedad Quimica y Minera de
1,258,820
China - 2.72%
Agile Property Holdings, Ltd.
30,789
48,440
Air China, Ltd.
128,534
118,672
Aluminum Corp. of China, Ltd.
81,220
77,315
Angang Steel Company, Ltd., Class H
51,547
70,218
Anhui Conch Cement Company, Ltd.
17,860
112,353
Bank of China, Ltd., Class H
1,522,487
846,205
141,589
155,715
74,789
39,194
Company, Ltd., Class H
142,864
53,010
BYD Company, Ltd., Class H (I)
10,705
41,004
China BlueChemical, Ltd.
70,000
57,319
China Citic Bank Corp, Ltd.
127,000
92,562
China Coal Energy Company, Series H
91,000
123,780
90,800
86,991
Bank of Communications
Company, Ltd., Class H
Beijing Capital International Airport
Company, Ltd., Class H
Beijing Datang Power Generation
China Communications
Construction Company, Ltd.
China Communications
Services Corp., Ltd., Class H
72,000
43,908
China Construction Bank Corp.
1,164,568
1,091,027
China COSCO Holdings Company, Ltd. (I)
50,796
51,926
China Life Insurance Company, Ltd.
180,624
676,632
China Merchants Bank Company, Ltd.
80,691
223,119
Material Company, Ltd.
24,000
87,854
China Oilfield Services, Ltd.
70,000
158,867
China Petroleum & Chemical Corp.
377,970
380,479
China Railway Construction Corp.
71,500
74,539
China Railway Group, Ltd.
75,000
48,234
China Shenhua Energy Company, Ltd.
80,000
376,711
Lines Company, Ltd. (I)
202,473
80,858
China Shipping Development Company, Ltd.
56,432
63,871
China Telecom Corp., Ltd.
301,604
184,424
China Unicom, Ltd. (I)
129,432
215,240
China Yurun Food Group, Ltd.
35,000
118,081
Country Garden Holdings Company
122,319
53,739
Dongfang Electric Corp. Ltd.
20,000
68,462
Dongfeng Motor Group Company, Ltd.
51,220
87,730
Foxconn International Holdings, Ltd. (I)
49,000
29,372
China National Building
China Shipping Container
International Equity Index Trust B (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
China (continued)
Golden Eagle Retail Group, Ltd.
15,000
Guangdong Investment, Ltd.
115,220
$
32,453
58,128
Guangzhou Automobile Group Company, Ltd.
43,819
53,520
Company, Ltd., Class H
18,800
28,016
Huaneng Power International, Inc., Class H
125,436
73,305
Industrial & Commercial Bank of China, Ltd.
1,053,778
873,835
Jiangsu Expressway, Ltd.
49,145
55,495
Jiangxi Copper Company, Ltd., Class H
24,075
80,162
Lenovo Group, Ltd.
81,436
46,679
Maanshan Iron & Steel Company, Ltd. (I)
94,075
50,809
PetroChina Company, Ltd., Class H
512,261
783,478
111,220
135,126
of China, Ltd.
28,145
284,900
Shanghai Electric Group Company, Ltd.
146,864
73,861
Shimao Property Holdings, Ltd., GDR
30,500
43,121
Shui On Land, Ltd.
107,833
49,829
Company, Ltd., Class H
127,934
60,239
Tencent Holdings, Ltd.
20,000
485,948
Tingyi (Cayman Islands) Holding Corp.
32,000
78,624
Tsingtao Brewery Company, Ltd., Series H
14,000
66,839
Guangzhou R&F Properties
PICC Property & Casualty
Company, Ltd., Class H (I)
Ping An Insurance Group Company
Sinopec Shanghai Petrochemical
Want Want China Holdings, Ltd.
79,000
61,827
Weichai Power Compnay, Ltd.
20,400
123,954
Yanzhou Coal Mining Company, Ltd., Class H
35,990
129,927
Zhejiang Expressway Company, Ltd., Class H
67,718
61,823
Zijin Mining Group, Ltd.
82,411
65,711
ZTE Corp., Class H
21,489
100,389
9,995,849
Colombia - 0.21%
BanColombia SA ADR
11,327
709,750
Petrominerales, Ltd.
1,228
46,536
756,286
Czech Republic - 0.09%
CEZ AS
3,639
185,941
Komercni Banka AS
322
81,263
Telefonica O2 Czech Republic AS
2,389
55,891
323,095
Denmark - 0.75%
A P Moller Maersk A/S
15
137,848
A P Moller Maersk A/S, Series A (L)
25
235,151
Carlsberg A/S
2,648
285,176
Coloplast A/S
441
63,822
Danske Bank A/S (I)
10,302
228,138
Danske Bank A/S - New Shares (I)
3,434
76,693
DSV A/S, ADR
5,570
137,520
Novo Nordisk A/S
8,910
1,116,793
Novozymes A/S, B Shares
1,186
181,222
TrygVesta A/S
800
47,047
Vestas Wind Systems A/S (I)
4,989
216,501
William Demant Holdings A/S (I)
418
36,152
2,762,063
Egypt - 0.08%
Commercial International Bank
13,058
72,214
Egypt Kuwait Holding Company
15,787
21,618
Egyptian Company for Mobile Services
919
24,665
Egyptian Financial Group-Hermes Holding
4,582
16,884
EL EZZ Aldekhela Steel Alexandria
72
7,962
EL EZZ Steel Company (I)
2,373
4,380
ElSwedy Cables Holding Co. (I)
2,449
16,337
204
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
International Equity Index Trust B (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Egypt (continued)
Orascom Construction Industries
1,751
Orascom Telecom Holding SAE (I)
48,717
$
71,357
36,190
Telecom Egypt
8,967
26,179
297,786
Finland - 0.74%
Elisa OYJ, Class A (L)
2,753
60,596
Fortum OYJ (L)
9,706
330,107
Kesko OYJ
1,931
90,393
Kone OYJ
3,300
189,900
Metra OYJ
3,462
135,143
Metso OYJ (L)
2,773
149,092
Neste Oil OYJ (L)
3,830
78,936
Nokia OYJ
79,356
675,239
Nokian Renkaat OYJ
2,210
94,120
Orion OYJ, Series B (L)
2,762
66,993
Outokumpu OYJ
2,213
38,303
Pohjola Bank OYJ (L)
2,640
35,996
Rautaruukki OYJ (L)
2,619
62,779
Sampo OYJ
9,048
288,710
Sanoma OYJ
1,560
35,337
Stora Enso OYJ, Series R
12,353
147,139
UPM-Kymmene OYJ
11,020
233,053
2,711,836
France - 6.36%
Accor SA
3,317
148,931
Aeroports de Paris
664
61,167
Air France KLM (I)
1,926
32,042
Air Liquide SA
6,027
801,950
Alcatel-Lucent (I)
48,795
281,508
Alstom SA
4,396
260,020
Atos Origin SA (I)
816
47,898
AXA SA
36,122
755,226
BNP Paribas
19,974
1,461,639
Bouygues SA
4,806
230,768
Bureau Veritas SA
600
47,176
Cap Gemini SA
2,901
168,655
Carrefour SA (I)
12,737
564,555
Casino Guichard Perrachon SA
1,109
104,954
Christian Dior SA
1,360
191,479
Cie de Saint-Gobain
8,565
524,411
Cie Generale de Geophysique-Veritas (I)
3,169
114,545
CNP Assurances SA
2,808
59,625
Michelin, Class B
3,887
328,466
Credit Agricole SA
20,001
328,428
Danone SA
12,270
801,471
Dassault Systemes SA
1,217
93,629
Compagnie Generale des Etablissements
Edenred (I)
3,317
100,049
EDF SA
5,131
212,667
Eiffage SA
762
45,832
Eramet
71
26,232
Essilor International SA
4,395
326,585
Eurazeo
258
20,182
Space Company (I)
8,694
253,391
Eutelsat Communications
1,618
64,618
Fonciere Des Regions
530
56,488
France Telecom SA
39,030
875,521
GDF Suez
26,188
1,068,530
Gecina SA
188
25,937
Groupe Eurotunnel SA
10,681
113,646
ICADE
337
41,573
Iliad SA
282
33,812
European Aeronautic Defence &
International Equity Index Trust B (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
France (continued)
Imerys SA
560
JC Decaux SA (I)
827
$
41,114
27,805
Klepierre SA
2,210
89,716
L’Oreal SA
5,039
586,895
Lafarge SA
4,250
265,057
Lagardere S.C.A (I)
2,403
102,743
Legrand SA, ADR
2,610
108,541
LVMH Moet Hennessy Louis Vuitton SA
5,153
815,551
M6-Metropole Television
1,073
28,035
Natixis (I)
13,752
77,906
Neopost SA
682
59,723
PagesJaunes Groupe SA (L)
1,671
16,758
Pernod-Ricard SA
4,181
390,982
Peugeot SA (I)
3,000
118,736
PPR
1,611
246,902
Publicis Groupe SA
2,591
145,261
Renault SA (I)
3,943
217,985
Safran SA
3,379
119,618
Sanofi-Aventis SA
22,097
1,551,911
Schneider Electric SA
5,162
882,311
SCOR SE
3,766
102,533
Societe BIC SA
433
38,475
Societe Generale
13,498
877,676
Societe Television Francaise
2,128
39,069
Sodexho Alliance
1,964
143,342
STMicroelectronics NV
14,150
175,371
Suez Environnement SA
5,606
115,976
Technip SA
2,156
230,301
Thales SA
1,824
72,838
Total SA
44,565
2,712,964
Unibail-Rodamco SE
1,992
431,629
Valeo SA (I)
140
8,160
Vallourec SA
2,423
271,977
Veolia Environnement SA
7,379
229,457
Vinci SA
9,322
582,389
Vivendi SA
26,206
747,971
23,347,284
Germany - 5.34%
Adidas AG (I)
4,549
287,296
Allianz SE
9,620
1,349,772
BASF SE
19,466
1,687,750
Bayer AG
17,523
1,356,906
Bayerische Motoren Werke (BMW) AG
7,237
604,167
Beiersdorf AG
2,228
136,004
Celesio AG (I)
1,332
32,750
Commerzbank AG (I)(L)
15,780
122,977
Continental AG (I)
1,119
101,101
Daimler AG (L)
19,126
1,349,701
Deutsche Bank AG
19,700
1,158,387
Deutsche Boerse AG
4,240
321,728
Deutsche Lufthansa AG
5,098
108,081
Deutsche Post AG (I)
18,841
340,050
Deutsche Telekom AG (I)
61,898
956,419
E.ON AG
38,168
1,166,217
Fraport AG, ADR
836
61,287
Fresenius AG
2,276
210,588
Fresenius Medical Care AG
4,175
280,315
GEA Group AG
3,548
116,825
Hannover Rueckversicherung AG
1,110
60,587
HeidelbergCement AG
2,974
207,737
Henkel AG & Company, KGaA (L)
2,707
141,465
Hochtief AG
973
104,752
Infineon Technologies AG
22,698
232,673
K&S AG
3,196
241,265
205
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
International Equity Index Trust B (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Germany (continued)
Lanxess AG
1,672
$
125,071
Linde AG (I)
3,760
593,878
MAN AG (I)
2,251
280,611
Merck KGAA (L)
1,390
125,423
Metro AG
2,895
197,926
AG (MunichRe)
4,196
659,829
Puma AG
78
22,911
Qiagen AG (I)
5,180
103,436
RWE AG
9,137
584,131
Salzgitter AG
1,027
81,104
SAP AG
18,747
1,150,172
Siemens AG
17,438
2,388,713
Suedzucker AG
1,367
38,105
ThyssenKrupp AG
7,213
295,687
TUI AG (I)
2,454
29,342
United Internet AG
1,746
31,378
Volkswagen AG
554
84,973
Wacker Chemie AG
348
78,271
Muenchener Rueckversicherungs - Gesellschaft
19,607,761
Greece - 0.18%
Alpha Bank A.E. (I)
12,938
83,610
Bank of Cyprus PCL
16,142
58,648
Coca-Cola Hellenic Bottling Company SA
3,310
88,810
EFG Eurobank Ergasias SA (I)
6,561
40,852
Hellenic Telecommunications Organization SA
5,650
63,052
National Bank of Greece SA (I)
17,362
154,330
OPAP SA
4,860
103,956
Public Power Corp. SA
4,490
78,177
671,435
Hong Kong - 2.79%
Alibaba.com, Ltd.
48,600
83,249
ASM Pacific Technology, Ltd.
4,414
55,419
Bank of East Asia, Ltd.
29,932
127,436
Beijing Enterprises Holdings, Ltd.
15,286
87,576
Belle International Holdings, Ltd.
89,978
165,878
BOC Hong Kong Holdings, Ltd.
75,328
245,304
Cathay Pacific Airways, Ltd.
27,782
66,388
Chaoda Modern Agriculture Holdings, Ltd.
88,940
55,481
Cheung Kong Holdings, Ltd.
27,849
453,593
Cheung Kong Infrastructure Holdings, Ltd.
9,772
46,262
China Agri-Industries Holdings, Ltd.
67,216
75,565
China Everbright, Ltd.
34,216
76,581
Group Company, Ltd.
37,000
59,358
China Mengniu Dairy Company, Ltd.
20,502
54,351
International Company, Ltd.
22,138
93,392
China Mobile, Ltd.
128,530
1,187,394
China Overseas Land & Investment, Ltd.
89,522
183,786
China Resource Power Holdings, Ltd.
31,667
61,170
China Resources Enterprises, Ltd.
23,145
94,671
China Resources Land, Ltd.
46,789
87,551
China High Speed Transmission Equipment
China Merchants Holdings
China Taiping Insurance
Holdings Company, Ltd. (I)
34,000
100,247
Hong Kong, Ltd. (I)
176,291
36,862
Citic Pacific, Ltd.
19,967
55,330
CLP Holdings, Ltd.
39,289
318,729
CNOOC, Ltd.
380,274
963,539
COSCO Pacific, Ltd.
53,801
101,705
Esprit Holdings, Ltd.
23,903
109,255
Fosun International
92,000
70,539
China Travel International Investment
International Equity Index Trust B (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Hong Kong (continued)
GOME Electrical
Appliances Holdings, Ltd. (I)
210,384
$
73,695
Hang Lung Group, Ltd.
16,000
99,968
Hang Lung Properties, Ltd.
42,326
185,027
Hang Seng Bank, Ltd.
15,519
250,589
Henderson Land Development Company, Ltd.
24,042
166,548
Hengan International Group Company, Ltd.
12,000
88,910
Hong Kong & China Gas Company, Ltd.
87,168
208,867
Hong Kong Electric Holdings, Ltd.
28,082
187,135
Hong Kong Exchanges & Clearing, Ltd.
21,430
464,580
Hopewell Holdings, Ltd.
9,362
27,982
Huabao International Holdings, Ltd.
45,000
69,489
Hutchison Whampoa, Ltd.
43,377
512,580
Hysan Development Company, Ltd.
14,982
61,731
Kerry Properties, Ltd.
16,438
82,664
Kingboard Chemical Holdings, Ltd.
7,772
40,837
Kunlun Energy Company, Ltd. (I)
40,000
63,668
Li & Fung, Ltd.
45,971
236,223
Li Ning Company, Ltd.
31,751
53,606
Lifestyle International Holdings, Ltd.
8,500
20,410
MTR Corp., Ltd.
33,174
122,252
New World Development Company, Ltd.
58,523
103,339
Nine Dragons Paper Holdings, Ltd.
37,000
44,306
Noble Group, Ltd.
50,017
84,745
NWS Holdings, Ltd.
28,561
43,612
Orient Overseas International, Ltd.
3,562
37,277
Parkson Retail Group, Ltd.
42,500
58,345
PCCW, Ltd.
89,000
36,996
Poly Hong Kong Investment, Ltd.
35,000
33,036
Polymer Company, Ltd.
24,000
68,447
Shanghai Industrial Holdings, Ltd.
19,930
76,464
Shangri-La Asia, Ltd.
32,820
83,691
Sino Land Company, Ltd.
33,235
59,319
Sino-Forest Corp. (I)
4,100
106,993
Sino-Ocean Land Holdings, Ltd.
65,027
40,496
Sinofert Holdings, Ltd. (I)
82,000
35,525
Shandong Weigao Group Medical
Soho China, Ltd.
74,000
63,521
Sun Hung Kai Properties, Ltd.
28,839
455,849
Swire Pacific, Ltd.
15,663
230,051
The Link REIT
43,684
137,105
Wharf Holdings, Ltd.
27,876
192,970
Wheelock and Company, Ltd.
18,000
67,630
Wing Hang Bank, Ltd.
2,096
24,824
Yue Yuen Industrial Holdings, Ltd.
12,067
38,257
10,256,170
Hungary - 0.10%
Magyar Telekom Telecommunications PLC
16,414
51,588
MOL Magyar Olaj & Gazipari (I)
799
102,015
OTP Bank PLC (I)(L)
5,811
172,057
Richter Gedeon
257
53,389
379,049
India - 1.76%
Dr. Reddy’s Laboratories, Ltd., ADR (L)
4,103
153,042
HDFC Bank, Ltd., ADR
2,245
381,515
ICICI Bank, Ltd., SADR
16,741
834,204
Infosys Technologies, Ltd., ADR (L)
23,322
1,672,187
Larsen & Toubro, Ltd., GDR (S)
2,684
99,422
Mahindra & Mahindra, Ltd.
6,560
104,501
Ranbaxy Laboratories, Ltd., ADR
5,719
57,991
Reliance Capital, Ltd. (L)(S)
2,081
27,212
Reliance Communication, Ltd., GDR (S)
44,836
108,230
Reliance Industries, Ltd., GDR (L)
45,980
2,180,372
206
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
International Equity Index Trust B (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
India (continued)
Reliance Infrastructure, Ltd., GDR (S)
1,080
Satyam Computer Services, Ltd., ADR (I)
15,376
$
50,128
46,436
State Bank of India, GDR
1,201
154,929
Tata Motors, Ltd., SADR
9,630
267,618
Ultratech Cement, Ltd., GDR
376
19,080
Wipro, Ltd., ADR (L)
21,460
314,389
6,471,256
Indonesia - 0.53%
Adaro Energy Tbk PT
185,500
46,615
Aneka Tambang Tbk PT
104,625
27,580
Astra Agro Lestari Tbk PT
12,658
32,943
Astra International Tbk PT
41,483
271,086
Bank Central Asia Tbk PT
256,274
204,164
Bank Danamon Indonesia Tbk PT
89,071
66,915
Bank Mandiri Tbk PT
147,111
115,217
Bank Pan Indonesia Tbk PT (I)
33,314
4,432
Bank Rakyat Indonesia Tbk PT
221,002
145,621
Berlian Laju Tanker Tbk PT (I)
128,000
5,442
Bumi Resources Tbk PT
351,780
135,064
Energi Mega Persada Tbk PT (I)
138,000
2,024
Gudang Garam Tbk PT
13,000
62,656
Indo Tambangraya Megah PT
10,500
55,618
Indocement Tunggal Prakarsa Tbk PT
26,487
49,662
Indofood Sukses Makmur Tbk PT
122,905
76,108
Indosat Tbk PT
12,500
7,598
Indosat Tbk PT, ADR
20
605
International Nickel Indonesia Tbk PT
60,000
32,833
Perusahaan Gas Negara Tbk PT
200,985
89,867
PT Telekomunikiasi Indonesia Tbk PT, SADR
179
6,011
Semen Gresik Persero Tbk PT
44,140
46,143
Tambang Batubara Bukit Asam Tbk PT
46,500
111,995
Telekomunikasi Indonesia Tbk PT
213,000
179,348
Unilever Indonesia Tbk PT
23,500
41,268
United Tractors Tbk PT
47,796
119,168
1,935,983
Ireland - 0.34%
Allied Irish Banks PLC - London Exchange (I)
1,000
268
Anglo Irish Bank Corp. PLC (I)
23,067
0
Bank of Ireland (I)
2,500
779
C&C Group PLC
249
1,127
CRH PLC
16,564
381,114
CRH PLC (London Exchange)
241
5,531
Elan Corp. PLC (I)
4,312
29,711
Elan Corp. PLC - Euro Comp Exchange (I)
7,867
54,129
Experian PLC
21,322
264,112
Greencore Group PLC
26
43
Kerry Group PLC
531
19,768
Kerry Group PLC - London Exchange
2,506
93,405
Paddy Power PLC - London Exchange
51
2,233
Ryanair Holdings PLC, SADR (L)
1,736
48,261
Shire PLC
11,915
345,969
1,246,450
Israel - 0.52%
Bank Hapoalim, Ltd. (I)
19,001
98,707
Bank Leumi Le-Israel, Ltd.
31,056
158,824
Bezek Israeli Telecommunications Corp., Ltd.
32,666
96,748
Cellcom Israel, Ltd.
1,142
37,479
Delek Group, Ltd.
54
14,624
Delek Real Estate, Ltd. (I)
5,490
1,151
Elbit Systems, Ltd.
366
20,360
Harel Insurance Investments, Ltd.
238
14,912
Israel Chemicals, Ltd.
12,765
209,783
Israel Corp., Ltd.
35
41,867
International Equity Index Trust B (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Israel (continued)
Israel Discount Bank, Ltd. (I)
8,168
Makhteshim-Agan Industries, Ltd. (I)
3,701
$
17,204
19,560
Migdal Insurance Holdings, Ltd.
8,348
15,589
Mizrahi Tefahot Bank, Ltd.
1,983
22,369
Nice Systems, Ltd. (I)
1,180
43,581
Partner Communications Company, Ltd.
1,256
23,858
Teva Pharmaceutical Industries, Ltd.
21,014
1,054,256
1,890,872
Italy - 1.89%
A2A SpA
34,264
55,552
Assicurazioni Generali SpA
24,731
535,678
Autogrill SpA (I)
1,665
23,433
Autostrade SpA
4,750
108,909
Banca Carige SpA (I)
12,592
29,825
Banca Intesa SpA
25,099
66,359
Banca Monte dei Paschi di Siena SpA (I)(L)
47,648
59,481
Banche Popolari Unite SpA
12,158
104,042
Banco Popolare Societa Cooperativa
39,948
119,190
Beni Stabili SpA
3,030
3,051
BGP Holdings PLC (I)
141,174
0
Enel SpA
140,118
883,170
Eni SpA
55,643
1,365,895
Exor SpA
1,998
61,485
Fiat Industrial SpA (I)
17,022
244,117
Fiat SpA
17,022
154,247
Finmeccanica SpA
9,840
123,944
Intesa Sanpaolo SpA
176,453
522,463
Luxottica Group SpA
2,689
87,924
Mediaset SpA
14,911
94,837
Mediobanca SpA
9,986
102,210
Parmalat SpA (I)
43,849
147,013
Pirelli & Company SpA
6,945
61,036
Prelios SpA (I)
6,945
5,416
Prysmian SpA
4,754
102,000
Saipem SpA
5,660
300,605
Snam Rete Gas SpA
30,722
172,762
Telecom Italia SpA
199,534
307,262
Telecom Italia SpA
145,996
196,625
Terna Rete Elettrica Nazionale SpA
30,415
145,725
UniCredit Italiano SpA
300,357
742,827
6,927,083
Japan - 12.85%
ABC-MART, Inc.
700
25,457
Advantest Corp.
3,180
57,269
AEON Company, Ltd.
12,304
142,595
AEON Credit Service Company, Ltd.
877
12,072
Aeon Mall Company, Ltd.
2,300
49,384
Air Water, Inc.
3,000
36,217
Aisin Seiki Company, Ltd.
3,979
138,150
Ajinomoto Company, Inc.
13,305
137,288
Alfresa Holdings Corp.
1,124
43,174
All Nippon Airways Company, Ltd.
13,715
40,891
Amada Company, Ltd.
4,829
40,290
Aozora Bank, Ltd. (L)
17,000
38,423
Asahi Breweries, Ltd.
8,601
143,005
Asahi Glass Company, Ltd.
22,191
279,055
Asahi Kasei Corp.
27,963
185,892
Asics Corp.
3,000
40,106
Astellas Pharma, Inc.
9,369
345,470
Bank of Kyoto, Ltd.
8,000
70,786
Bank of Yokohama, Ltd.
27,316
129,717
Benesse Holdings, Inc.
1,354
55,426
Bridgestone Corp.
13,753
285,988
207
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
International Equity Index Trust B (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Japan (continued)
Brother Industries, Ltd.
3,200
Canon Sales Company, Inc.
1,100
$
47,011
13,541
Canon, Inc.
23,774
1,034,646
Casio Computer Company, Ltd.
3,933
31,112
Central Japan Railway Company, Ltd.
33
261,445
Chiba Bank, Ltd.
15,896
89,054
Chiyoda Corp.
4,000
36,643
Chubu Electric Power Company, Inc.
13,777
306,413
Chugai Pharmaceutical Company, Ltd.
4,616
79,468
Chugoku Bank, Ltd.
3,000
34,047
Chugoku Electric Power Company, Inc.
6,700
123,883
Chuo Mitsui Trust Holdings, Inc.
18,010
63,873
Citizen Watch Company, Ltd.
5,835
33,601
Coca-Cola West Japan Company, Ltd.
1,077
20,321
Cosmo Oil Company, Ltd.
17,000
52,933
Credit Saison Company, Ltd.
3,291
52,938
Dai Nippon Printing Company, Ltd.
12,953
157,747
Daicel Chemical Industries, Ltd.
7,534
46,465
Daido Steel Company, Ltd.
4,000
22,746
Daihatsu Motor Company, Ltd.
4,000
58,283
Daiichi Sankyo Company, Ltd.
14,672
283,280
Daikin Industries, Ltd.
4,815
144,195
Dainippon Sumitomo Pharma Company, Ltd.
4,800
44,722
Daito Trust Construction Company, Ltd.
1,619
110,372
Daiwa House Industry Company, Ltd.
9,715
118,655
Daiwa Securities Group, Inc.
33,251
152,704
Dena Company, Ltd.
1,200
43,352
Denki Kagaku Kogyo Kabushiki Kaisha
10,477
51,642
Denso Corp.
10,322
342,495
Dentsu, Inc.
3,400
86,946
Dowa Holdings Company, Ltd.
4,860
30,265
East Japan Railway Company
7,100
390,150
Eisai Company, Ltd.
5,352
191,998
Electric Power Development Company, Ltd.
2,200
67,761
Elpida Memory, Inc. (I)(L)
4,400
56,653
FamilyMart Company, Ltd.
1,060
39,469
Fanuc, Ltd.
3,979
598,129
Fast Retailing Company, Ltd.
1,066
133,410
Fuji Electric Holdings Company, Ltd.
4,420
13,758
Fuji Heavy Industries, Ltd.
11,000
70,882
Fuji Television Network, Inc.
5
6,997
FUJIFILM Holdings Corp.
9,767
302,474
Fujitsu, Ltd.
40,621
229,525
Fukuoka Financial Group, Inc.
13,000
54,076
Furukawa Electric Company, Ltd. (L)
9,362
37,817
GS Yuasa Corp.
7,000
46,538
Gunma Bank
6,477
34,339
Hakuhodo DY Holdings, Inc.
260
13,554
Hankyu Hanshin Holdings, Inc.
24,000
110,796
Hino Motors, Ltd.
4,886
23,907
Hirose Electric Company, Ltd.
583
62,244
Hisamitsu Pharmaceutical Company, Inc.
1,200
48,401
Hitachi Chemical, Ltd.
1,184
24,070
Machinery Company, Ltd.
1,943
48,657
Hitachi High-Technologies Corp.
900
17,950
Hitachi Metals, Ltd.
2,000
25,198
Hitachi, Ltd.
96,118
495,678
Hokkaido Electric Power Company, Inc.
4,068
78,885
Hokuhoku Financial Group, Inc.
26,134
50,898
Hokuriku Electric Power Company
3,700
83,324
Honda Motor Company, Ltd.
34,662
1,297,510
Hoya Corp.
9,192
209,743
Ibiden Company, Ltd.
2,600
81,558
Idemitsu Kosan Company, Ltd.
400
46,838
Hitachi Construction
International Equity Index Trust B (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Japan (continued)
Inpex Corp.
46
$
346,042
Isetan Mitsukoshi Holdings, Ltd. (L)
9,143
82,329
Industries Company, Ltd.
19,134
46,014
Isuzu Motors, Ltd.
19,000
75,150
ITO EN, Ltd.
906
15,666
Itochu Corp.
32,202
337,196
Itochu Techno-Science Corp.
848
27,063
Iyo Bank, Ltd.
5,000
41,657
J Front Retailing Company, Ltd.
12,000
49,916
Japan Petroleum Exploration Company, Ltd.
600
30,007
Japan Prime Realty Investment Corp.
8
21,415
Japan Real Estate Investment Corp.
11
103,478
Japan Retail Fund Investment Corp.
20
31,306
Japan Tobacco, Inc.
95
339,998
JFE Holdings, Inc.
9,962
291,506
JGC Corp.
3,886
90,334
Joyo Bank, Ltd.
13,953
54,221
JS Group Corp.
5,216
135,448
JSR Corp.
3,633
71,874
Jupiter Telecommunications Company, Ltd.
32
31,277
JX Holdings, Inc.
46,511
313,130
Kajima Corp.
13,191
36,879
Kamigumi Company, Ltd.
5,534
47,303
Kaneka Corp.
5,829
40,575
Kansai Electric Power Company, Ltd.
15,978
345,854
Kansai Paint Company, Ltd.
2,238
19,211
Kao Corp.
11,462
285,930
Kawasaki Heavy Industries, Ltd.
28,963
127,440
Kawasaki Kisen Kaisha, Ltd.
17,067
62,991
KDDI Corp.
62
380,519
Railway Company, Ltd.
11,067
78,890
Keio Corp.
11,715
69,997
Keisei Electric Railway Company, Ltd.
5,000
28,673
Keyence Corp.
847
214,721
Kikkoman Corp.
2,238
21,094
Kinden Corp.
591
5,379
Kintetsu Corp. (L)
34,792
111,396
Kirin Holdings Company, Ltd.
17,896
235,157
Kobe Steel Company, Ltd.
54,517
139,665
Koito Manufacturing Company, Ltd.
2,000
32,051
Komatsu, Ltd.
19,830
669,165
Konami Corp.
1,043
19,012
Konica Minolta Holdings, Inc.
9,891
82,881
Koyo Seiko Company, Ltd.
3,143
40,444
Kubota Corp.
23,782
221,914
Kuraray Company, Ltd.
7,700
99,235
Kurita Water Industries, Ltd.
1,819
53,774
Kyocera Corp.
3,438
348,429
Ishikawajima-Harima Heavy
Keihin Electric Express
Kyowa Hakko Kogyo Company, Ltd.
5,611
52,616
Kyushu Electric Power Company, Inc.
7,831
152,986
Lawson, Inc.
1,231
59,345
Mabuchi Motor Company, Ltd.
518
24,424
Makita Corp.
1,943
90,399
Marubeni Corp.
35,202
253,498
Marui Company, Ltd.
5,264
33,984
Maruichi Steel Tube, Ltd.
1,200
29,647
Matsui Securities Company, Ltd.
3,300
17,932
Matsushita Electric Industrial Company, Ltd.
40,993
521,407
Mazda Motor Corp. (I)
26,000
57,201
McDonald’s Holdings Company, Ltd.
1,600
38,386
Mediceo Holdings Company, Ltd.
2,590
22,917
MEIJI Holdings Company, Ltd.
1,300
52,278
Minebea Company, Ltd.
9,477
52,296
208
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
International Equity Index Trust B (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Japan (continued)
Mitsubishi Chemical Holdings Corp.
25,000
Mitsubishi Corp.
28,356
$
157,189
787,136
Mitsubishi Electric Corp.
40,973
477,976
Mitsubishi Estate Company, Ltd.
24,782
419,191
Mitsubishi Gas & Chemicals Company, Inc.
5,829
41,263
Mitsubishi Heavy Industries, Ltd.
66,937
304,218
Mitsubishi Logistics Corp.
1,943
21,724
Mitsubishi Materials Corp.
24,020
81,434
Mitsubishi Motors Corp. (I)
89,000
109,137
Mitsubishi UFJ Financial Group
267,000
1,232,604
Finance Company, Ltd.
1,300
52,122
Mitsui & Company, Ltd.
36,311
650,874
Mitsui Chemicals, Inc.
12,010
42,449
Shipbuilding Company, Ltd.
15,362
36,752
Mitsui Fudosan Company, Ltd.
18,248
296,270
Mitsui Mining & Smelting Company, Ltd.
9,010
31,304
Mitsui O.S.K. Lines, Ltd.
23,487
135,252
Mitsui Sumitomo Insurance Group Holdings
11,300
257,300
Mitsumi Electric Company, Ltd.
1,001
13,322
Mitsubishi UFJ Lease &
Mitsui Engineering &
Mizuho Financial Group, Inc. (L)
418,900
694,977
Mizuho Trust & Banking Company, Ltd.
20,000
18,033
Murata Manufacturing Company, Ltd.
4,304
309,942
Namco Bandai Holdings, Inc.
3,132
34,152
NEC Corp. (I)
60,383
131,394
NGK INSULATORS, Ltd.
4,829
86,328
NGK Spark Plug Company, Ltd.
3,238
44,222
NHK Spring Company, Ltd.
1,000
9,906
Nidec Corp.
2,414
208,954
Nikon Corp.
6,781
139,810
Nintendo Company, Ltd.
2,108
569,449
Nippon Building Fund, Inc.
11
106,701
Nippon Electric Glass Company, Ltd.
8,000
113,296
Nippon Express Company, Ltd.
18,191
69,764
Nippon Meat Packers, Inc.
3,238
40,835
Nippon Paper Group, Inc.
1,800
37,945
Nippon Sheet Glass Company, Ltd.
10,829
31,245
Nippon Steel Corp.
108,464
346,855
Nippon Telegraph & Telephone Corp.
10,200
457,591
Nippon Yusen Kabushiki Kaisha
32,077
125,331
Nishi-Nippon City Bank, Ltd.
9,000
25,860
Nissan Chemical Industries, Ltd.
3,238
33,478
Nissan Motor Company, Ltd.
51,810
459,675
Nisshin Seifun Group, Inc.
4,886
56,332
Nisshin Steel Company
12,953
27,874
Nisshinbo Holdings, Inc.
2,591
25,138
Nissin Food Products Company, Ltd.
1,284
45,175
Nitori Company, Ltd.
632
55,177
Nitto Denko Corp.
3,468
181,528
NKSJ Holdings, Inc.
30,000
192,853
NOK Corp.
1,508
26,476
Nomura Holdings, Inc.
74,793
391,139
Nomura Real Estate Holdings, Inc.
600
9,096
Nomura Real Estate Office Fund, Inc.
7
47,379
Nomura Research Institute, Ltd.
1,889
41,695
NSK, Ltd.
7,715
66,502
NTN Corp.
6,772
32,484
NTT Data Corp.
28
86,545
NTT DoCoMo, Inc.
326
567,367
NTT Urban Development Corp.
22
18,435
Obayashi Corp.
11,362
50,470
OBIC Company, Ltd.
120
22,467
Odakyu Electric Railway Company, Ltd.
13,305
112,128
Oji Paper Company, Ltd.
18,191
86,384
International Equity Index Trust B (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Japan (continued)
Olympus Corp.
4,534
Omron Corp.
3,839
$
126,132
107,906
Ono Pharmaceutical Company, Ltd.
1,700
83,177
Oracle Corp.
548
22,699
Oriental Land Company, Ltd.
1,007
80,022
ORIX Corp. (L)
2,224
208,283
Osaka Gas Company, Ltd.
41,155
163,174
Otsuka Corp.
200
12,864
Otsuka Holdings Company, Ltd.
5,300
130,817
Rakuten, Inc.
153
136,415
Resona Holdings, Inc.
39,000
185,670
Ricoh Company, Ltd.
14,601
171,322
Rinnai Corp.
748
49,639
Rohm Company, Ltd.
2,073
128,720
Sankyo Company, Ltd.
1,107
56,761
Santen Pharmaceutical Company, Ltd.
1,200
47,519
Sapporo Hokuyo Holdings, Inc.
4,000
19,235
Sapporo Holdings, Ltd.
5,534
20,624
SBI Holdings, Inc.
263
33,104
Secom Company, Ltd.
4,710
217,559
Sega Sammy Holdings, Inc.
3,308
56,616
Seiko Epson Corp.
2,178
34,636
Sekisui Chemical Company, Ltd.
6,772
53,000
Sekisui House, Ltd.
11,362
105,769
Senshu Ikeda Holdings, Inc.
14,900
19,987
Seven & I Holdings Company, Ltd.
15,919
406,109
Seven Bank, Ltd.
9
18,044
Sharp Corp. (L)
21,782
213,834
Shikoku Electric Power Company, Inc.
3,900
106,104
Shimadzu Corp.
4,000
35,537
Shimamura Company, Ltd.
324
28,552
Shimano, Inc.
1,231
61,491
Shimizu Corp. (L)
12,305
54,735
Shin-Etsu Chemical Company, Ltd.
8,789
436,914
Shinko Electric Industries Company, Ltd.
1,100
11,267
Shinko Securities Company, Ltd. (I)
7,000
18,598
Shinsei Bank, Ltd.
29,906
34,892
Shionogi & Company, Ltd.
6,477
110,494
Shiseido Company, Ltd.
7,577
131,172
Shizuoka Bank, Ltd.
12,658
104,697
Showa Denko KK
35,839
71,954
Showa Shell Sekiyu KK
3,045
31,775
SMC Corp.
1,136
185,078
Softbank Corp.
17,312
684,499
Sojitz Holdings Corp.
26,509
52,064
Sony Corp.
20,958
664,702
Sony Financial Holdings, Inc.
3,600
70,716
Square Enix Company, Ltd.
1,400
24,011
Stanley Electric Company, Ltd.
2,692
44,229
Sumco Corp. (I)
1,600
32,258
Sumitomo Chemical Company, Ltd. (L)
34,554
172,396
Sumitomo Corp.
23,834
340,690
Sumitomo Electric Industries, Ltd.
16,801
232,483
Sumitomo Heavy Industries, Ltd.
12,010
78,401
Sumitomo Metal Industries, Ltd.
71,423
159,710
Sumitomo Metal Mining Company, Ltd.
11,715
201,541
Sumitomo Mitsui Financial Group
28,100
873,607
Sumitomo Realty &
Development Company, Ltd.
7,124
142,514
Sumitomo Rubber Industries, Inc.
4,000
40,421
Suruga Bank, Ltd.
3,886
34,478
Suzuken Company, Ltd.
1,177
31,045
Suzuki Motor Corp.
6,700
149,739
Sysmex Corp.
1,600
56,235
T&D Holdings, Inc.
5,709
140,700
209
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
International Equity Index Trust B (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Japan (continued)
Taisei Corp.
20,134
Taisho Pharmaceuticals Company, Ltd.
2,238
$
49,621
48,430
Taiyo Nippon Sanso Corp.
5,181
42,698
Takashimaya Company, Ltd.
5,181
32,805
Takeda Pharmaceutical Company, Ltd.
15,651
730,054
Tanabe Seiyaku Company, Ltd.
4,000
64,919
TDK Corp.
2,532
149,613
Teijin, Ltd.
15,896
71,091
Terumo Corp.
3,497
184,351
The 77th Bank, Ltd.
7,477
37,574
The Dai-ichi Life Insurance Company, Ltd.
167
251,966
The Hachijuni Bank, Ltd.
11,000
63,345
The Hiroshima Bank, Ltd.
9,000
39,060
The Japan Steel Works, Ltd.
7,000
53,862
Banking Company, Ltd.
31,554
163,498
The Tokyo Electric Power Company, Inc.
27,633
154,809
THK Company, Ltd.
2,519
62,742
Tobu Railway Company, Ltd.
20,248
82,764
Toho Company, Ltd.
2,267
32,514
Toho Gas Company, Ltd.
8,000
40,940
Tohoku Electric Power Company, Inc.
9,020
151,457
Tokio Marine Holdings, Inc.
15,100
403,732
Tokuyama Corp.
3,000
16,013
Tokyo Electron, Ltd.
3,768
207,698
Tokyo Gas Company, Ltd.
54,165
245,719
Tokyo Steel Manufacturing Company, Ltd.
1,800
21,012
Tokyo Tatemono Company, Ltd.
5,000
18,694
The Sumitomo Trust &
Tokyu Corp.
24,134
99,092
Tokyu Land Corp.
6,829
29,720
TonenGeneral Sekiyu KK
5,829
71,969
Toppan Printing Company, Ltd.
12,010
94,717
Toray Industries, Inc.
28,611
205,181
Toshiba Corp.
85,289
417,319
Tosoh Corp.
6,772
24,343
Toto, Ltd.
3,829
30,474
Toyo Seikan Kaisha, Ltd.
2,791
45,767
Toyo Suisan Kaisha, Ltd.
2,295
49,829
Toyoda Gosei Company, Ltd.
1,166
24,017
Toyota Boshoku Corp.
700
9,953
Toyota Industries Corp.
4,010
120,180
Toyota Motor Corp.
57,953
2,318,115
Toyota Tsusho Corp.
3,600
59,380
Trend Micro, Inc.
2,267
59,857
Tsumura & Company, Ltd.
1,300
40,791
Ube Industries, Ltd.
18,963
60,414
Unicharm Corp.
2,442
88,275
UNY Company, Ltd.
2,238
20,716
Ushio, Inc.
1,943
38,005
USS Company, Ltd.
457
35,547
West Japan Railway Company, Ltd.
36
137,765
Yahoo! Japan Corp.
301
107,691
Yakult Honsha Company, Ltd.
1,743
44,549
Yamada Denki Company, Ltd.
1,814
120,785
Yamaguchi Financial Group, Inc.
4,000
37,028
Yamaha Corp.
2,474
27,840
Yamaha Motor Company, Ltd. (I)
5,909
102,124
Yamato Kogyo Company, Ltd.
300
9,990
Yamato Transport Company, Ltd.
8,420
130,582
Yamazaki Baking Company, Ltd.
3,591
41,833
Yaskawa Electric Corp.
4,000
47,415
Yokogawa Electric Corp. (I)
2,586
19,711
47,214,757
International Equity Index Trust B (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Luxembourg - 0.36%
Aperamaperam
912
ArcelorMittal
18,249
$
36,642
661,224
Millicom International Cellular SA
1,931
184,711
Reinet Investments SCA (I)
2,087
36,826
Reinet Investments SCA SADR (I)
7,937
13,598
SES SA
5,966
153,647
Tenaris SA
10,162
250,518
1,337,166
Malaysia - 0.67%
AirAsia BHD (I)
21,700
19,206
Alliance Financial Group BHD
52,400
54,799
AMMB Holdings BHD
30,887
66,120
Asiatic Development BHD
15,000
39,580
Axiata Group BHD (I)
41,100
64,933
Berjaya Corp. BHD
3,570
766
Berjaya Corp. BHD (Kuala Lumpur Exchange)
35,700
13,412
Berjaya Sports Toto BHD
11,035
15,508
British American Tobacco Malaysia BHD
4,800
76,105
Bursa Malaysia BHD
8,000
21,996
Commerce Asset Holdings BHD
84,100
227,484
Digi.Com BHD
5,800
54,794
Gamuda BHD
24,200
30,859
Genting BHD
44,700
162,687
Guinness Anchor BHD
3,700
11,757
Hong Leong Bank BHD
6,800
22,127
Hong Leong Credit BHD
5,600
16,646
IJM Corp. BHD
45,710
96,619
IOI Corp. BHD
77,466
147,166
KNM Group BHD
29,287
26,725
Kuala Lumpur Kepong BHD
8,250
57,762
Lafarge Malayan Cement BHD
9,360
22,862
Malayan Banking BHD
78,485
231,986
Malaysian Airline System BHD (I)
18,400
11,161
MISC BHD
26,280
68,237
MMC Corp. BHD
3,800
3,471
Parkson Holdings BHD
20,197
37,965
Petronas Dagangan BHD
6,600
35,967
Petronas Gas BHD
8,100
30,606
PLUS Expressways BHD
24,600
36,373
PPB Group BHD
7,300
41,000
Public Bank BHD
1,526
6,607
Public Bank BHD - Foreign Market
21,000
91,069
Resorts World BHD
54,500
66,130
RHB Capital BHD
26,200
74,158
Sime Darby BHD
50,801
154,997
SP Setia BHD
10,600
22,055
Telekom Malaysia BHD
15,700
20,951
Tenaga Nasional BHD
32,250
66,511
UEM Land Holdings BHD (I)
36,187
33,851
UMW Holdings BHD
24,700
60,030
YTL Corp. BHD
14,586
35,793
YTL Power International BHD
82,365
62,566
2,441,397
Mauritius - 0.01%
Essar Energy PLC (I)
6,906
52,309
Alfa SAB de CV
5,936
76,845
America Movil SAB de CV, Series L
421,594
1,226,029
Cemex SAB de CV (I)
229,882
205,637
Coca-Cola Femsa SAB de CV, Series L
5,059
38,998
Desarrolladora Homex SAB de CV (I)
7,400
33,745
Fomento Economico Mexicano SA de CV
51,365
301,727
Mexico - 1.05%
210
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
International Equity Index Trust B (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Mexico (continued)
Grupo Aeroportuario del Pacifico SA
de CV, Series B
8,500
Grupo Bimbo SA de CV
9,288
$
36,331
78,751
Grupo Carso SAB de CV
15,484
51,043
Grupo Elektra SA de CV
1,800
77,784
Grupo Financiero Banorte SAB de CV
35,109
165,296
Grupo Financiero Inbursa SA
17,341
79,850
Grupo Mexico SAB de CV, Series B
90,444
339,133
Grupo Modelo SA
16,408
98,632
Grupo Televisa SA (I)
49,843
245,308
Industrias Penoles SA de CV
2,050
75,411
Kimberly-Clark de Mexico SA de CV
14,026
87,249
Mexichem SAB de CV
16,491
61,974
Minera Frisco SAB de CV, Class A1 (I)
15,484
67,849
Telefonos de Mexico SA de CV
107,820
98,987
Urbi Desarrollos Urbanos SAB de CV (I)
17,600
40,913
Wal-Mart de Mexico SA de CV, Series V
127,930
383,969
3,871,461
Netherlands - 1.85%
Aegon NV (I)
34,800
260,727
Akzo Nobel NV
5,007
344,460
ASML Holding NV
9,545
421,000
Corio NV
1,300
91,054
Delta Lloyd NV
1,776
47,235
Fugro NV (I)
1,904
167,716
Heineken Holding NV
2,904
139,738
Heineken NV
6,005
328,120
ING Groep NV (I)
81,610
1,035,813
Koninklijke (Royal) KPN NV
33,351
568,726
Koninklijke Ahold NV
25,713
344,922
Koninklijke Boskalis Westinster NV
1,859
98,293
Koninklijke DSM NV
3,262
200,313
Koninklijke Philips Electronics NV
20,957
669,376
Koninklijke Vopak NV
1,450
69,847
Randstad Holdings NV
2,698
150,150
Reed Elsevier NV
17,086
220,114
SBM Offshore NV
4,334
126,093
TNT NV
9,028
231,923
Unilever NV
35,352
1,110,038
Wolters Kluwer NV
7,194
168,424
6,794,082
New Zealand - 0.08%
Auckland International Airport, Ltd.
36,780
62,152
Contact Energy, Ltd. (I)
4,649
20,645
Fletcher Building, Ltd.
15,433
109,974
Sky City Entertainment Group, Ltd.
6,492
16,738
Telecom Corp. of New Zealand, Ltd.
62,619
96,279
305,788
Norway - 0.56%
Aker Solutions ASA
3,681
84,510
BW Offshore, Ltd. (I)
6,480
17,337
DnB NOR ASA
20,289
311,318
Norsk Hydro ASA (L)
23,981
196,560
Orkla ASA
16,158
156,778
Renewable Energy Corp. ASA (I)(L)
13,486
47,286
Statoil ASA
24,772
687,496
Telenor ASA
17,791
292,783
Yara International ASA
4,812
243,801
2,037,869
Peru - 0.19%
Compania de Minas Buenaventura SA
3,833
148,921
Credicorp SA
2,108
222,816
International Equity Index Trust B (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Peru (continued)
Credicorp, Ltd., ADR
50
Southern Peru Copper Corp.
8,121
$
5,247
326,058
703,042
Philippines - 0.14%
Ascendas Real Estate Investment Trust
35,395
79,792
Ayala Corp.
2,356
20,881
Ayala Land, Inc.
163,200
58,260
Banco De Oro
4,786
5,726
Bank of the Philippine Islands
44,139
58,195
Energy Development Corp. (I)
207,938
28,782
Filinvest Land, Inc.
98,991
2,620
Globe Telecommunications, Inc.
830
17,046
Jollibee Foods Corp.
10,900
21,887
Manila Electric Company
5,957
35,386
Metropolitan Bank & Trust Company (I)
17,121
25,312
Philippine Long Distance Telephone Company
1,120
59,954
SM Investments Corp.
4,340
51,882
SM Prime Holdings, Ltd.
136,479
35,206
500,929
Poland - 0.39%
Asseco Poland SA PDA
2,172
41,212
Bank Handlowy w Warszawie SA
326
11,611
Bank Millennium SA (I)
12,341
25,344
Bank Pekao SA
3,048
182,709
Bank Zachodni WBK SA
639
51,036
Boryszew SA (I)
11,898
9,213
BRE Bank SA (I)
365
44,145
Cyfrowy Polsat SA
6,360
35,445
Firma Oponiarska Debica SA
64
1,398
Getin Holding SA (I)
5,247
26,225
Globe Trade Centre SA (I)
3,523
26,408
Grupa Lotos SA (I)
722
11,218
ING Bank Slaski SA (I)
33
10,391
KGHM Polska Miedz SA
3,252
206,228
PBG SA (I)
272
18,001
Polish Oil & Gas Company
27,824
36,825
Polska Grupa Energetyczna SA
7,406
59,726
Polski Koncern Naftowy Orlen SA (I)
8,578
158,931
Bank Polski SA
14,985
230,683
Powszechny Zaklad Ubezpieczen SA
969
121,435
Sygnity SA (I)
207
1,612
Telekomunikacja Polska SA
14,172
87,767
TVN SA
4,829
30,831
Powszechna Kasa Oszczednosci
1,428,394
Portugal - 0.18%
Banco Comercial Portugues SA (L)
64,836
52,936
Banco Espirito Santo SA
11,295
46,277
Brisa Auto Estrada SA
3,507
23,721
Cimpor-Cimentos de Portugal SA
4,601
33,351
Electricidade de Portugal SA
37,846
147,510
Galp Energia SGPS SA
3,215
68,879
Jeronimo Martins SGPS SA
4,434
71,321
Portugal Telecom SGPS SA
20,186
233,440
677,435
Russia - 1.74%
Gazprom OAO, SADR (I)
74,875
2,421,457
Gazprom OAO, SADR (London Exchange) (I)
1,840
59,633
JSC MMC Norilsk Nickel, ADR
25,000
661,000
Lukoil OAO, ADR
15,215
1,086,199
Mechel, SADR
4,296
132,274
Mobile TeleSystems, SADR
12,247
260,004
211
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
International Equity Index Trust B (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Russia (continued)
NovaTek OAO, ADR
2,317
Novolipetsk Steel, ADR
2,328
$
322,592
102,432
Polyus Gold Company ZAO, SADR
4,190
147,488
Sistema JSFC, Reg. S, GDR
2,966
86,382
Surgutneftegaz SADR
21,410
128,246
Surgutneftegaz, ADR (L)
20,930
226,253
Tatneft, ADR
9,856
435,537
VTB Bank OJSC, GDR
28,849
202,177
Wimm-Bill-Dann Foods OJSC, ADR (I)
3,792
126,918
6,398,592
Singapore - 1.13%
Capitaland, Ltd.
63,587
166,629
CapitaMall Trust
60,552
90,203
City Developments, Ltd.
12,715
116,415
ComfortDelGro Corp., Ltd.
55,269
68,431
Cosco Corp. Singapore, Ltd.
42,000
68,117
DBS Group Holdings, Ltd.
41,268
479,838
Fraser and Neave, Ltd.
19,200
91,616
Genting Singapore PLC (I)
98,400
159,703
Golden Agri-Resources, Ltd.
210,085
114,731
Hutchison Port Holdings Trust (I)
110,100
108,999
Jardine Cycle and Carriage, Ltd.
2,924
84,690
K-Green Trust
6,562
5,357
Keppel Corp., Ltd.
26,810
261,814
Keppel Land, Ltd.
16,000
56,887
Neptune Orient Lines, Ltd.
15,133
23,236
Olam International, Ltd.
22,281
49,391
Oversea-Chinese Banking Corp., Ltd.
59,488
452,409
SembCorp Industries, Ltd.
30,415
125,805
SembCorp Marine, Ltd.
13,706
63,551
Singapore Airlines, Ltd.
13,880
150,365
Singapore Airport Terminal Services, Ltd.
10,132
20,174
Singapore Exchange, Ltd.
22,601
140,833
Singapore Press Holdings, Ltd.
39,059
122,150
Singapore Technologies Engineering, Ltd.
39,202
101,260
Singapore Telecommunications, Ltd.
174,430
418,127
Suntec Real Estate Investment Trust
191
233
United Overseas Bank, Ltd.
27,904
416,141
UOL Group, Ltd.
7,568
28,474
Wilmar International, Ltd.
25,000
108,484
Yangzijiang Shipbuilding Holdings, Ltd. (I)
38,000
54,610
4,148,673
South Africa - 1.81%
ABSA Group, Ltd.
6,306
127,195
Adcock Ingram Holdings, Ltd.
4,907
40,281
African Bank Investments, Ltd.
13,703
76,747
African Rainbow Minerals, Ltd.
2,145
70,575
Anglo Platinum, Ltd.
1,648
169,521
AngloGold Ashanti, Ltd.
8,473
406,355
Aspen Pharmacare Holdings, Ltd. (I)
4,269
49,828
Aveng, Ltd.
7,920
41,779
Bidvest Group, Ltd.
7,302
160,606
Discovery Holdings, Ltd., ADR
9,036
50,870
FirstRand, Ltd.
59,334
176,291
Foschini, Ltd.
3,406
42,574
Gold Fields, Ltd.
16,000
279,580
Growthpoint Properties, Ltd.
30,364
77,608
Harmony Gold Mining Company, Ltd.
7,113
105,279
Hulamin, Ltd. (I)
156
161
Impala Platinum Holdings, Ltd.
11,959
345,147
Imperial Holdings, Ltd.
5,062
85,437
Investec, Ltd.
3,621
28,263
Kumba Iron Ore, Ltd.
1,658
116,997
International Equity Index Trust B (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
South Africa (continued)
Kumba Resources, Ltd.
2,168
$
52,896
Liberty Holdings, Ltd.
3,638
38,237
Massmart Holdings, Ltd.
3,626
75,008
Mittal Steel South Africa, Ltd.
3,365
44,775
MMI Holdings, Ltd.
10,014
24,666
MTN Group, Ltd.
36,037
727,252
Murray & Roberts Holdings, Ltd.
5,230
20,501
Naspers, Ltd., SADR
8,488
455,337
Nedbank Group, Ltd.
3,976
83,188
Netcare, Ltd.
37,390
80,114
Northam Platinum, Ltd.
5,619
36,453
Pick’n Pay Stores, Ltd.
2,994
20,389
Pretoria Portland Cement Company, Ltd.
9,199
32,635
Redefine Income Fund, Ltd.
67,758
75,118
Remgro, Ltd.
8,783
144,625
Reunert, Ltd.
5,060
43,835
RMB Holdings, Ltd.
13,774
56,892
Rmi Holdings
13,774
23,720
Sanlam, Ltd.
43,663
177,931
Sappi, Ltd. (I)
17,308
91,503
Sasol, Ltd.
13,639
789,930
Shoprite Holdings, Ltd.
8,525
130,624
Standard Bank Group, Ltd.
26,121
401,220
Steinhoff International Holdings, Ltd. (I)
26,236
97,599
Super Group, Ltd. (I)
2,898
317
Telkom SA, Ltd.
5,943
32,521
Tiger Brands, Ltd.
3,203
82,806
Trans Hex Group, Ltd. (I)
514
194
Truworths International, Ltd.
13,754
143,186
Vodacom Group, Ltd.
9,731
114,172
Woolworths Holdings, Ltd.
24,928
102,924
6,651,662
South Korea - 3.40%
Amorepacific Corp.
60
57,158
BS Financial Group, Inc. (I)
2,097
30,395
Cheil Industries, Inc.
840
89,072
CJ CheilJedang Corp.
120
25,142
Daegu Bank
3,940
64,591
Daelim Industrial Company, Ltd.
480
46,722
Construction Company, Ltd. (I)
6,620
72,998
Daewoo International Corp.
836
28,275
Daewoo Securities Company, Ltd. (I)
2,350
47,878
Engineering Company, Ltd.
1,710
53,212
Dongbu Insurance Company, Ltd.
990
45,152
Dongkuk Steel Mill Company, Ltd.
2,180
78,365
Doosan Corp.
370
48,234
Construction Company, Ltd.
580
37,117
Doosan Infracore Company, Ltd. (I)
4,030
112,015
GS Engineering & Construction Corp.
1,110
116,871
GS Holdings Corp.
1,880
159,892
Hana Financial Group, Inc.
4,870
211,112
Construction Company, Ltd. (I)
1,063
31,688
Hankook Tire Company, Ltd.
3,350
109,319
Hanwha Chemical Corp.
2,217
87,317
Hanwha Corp.
840
38,688
Hite Holdings Company, Ltd.
200
3,188
Honam Petrochemical Corp.
230
81,100
Hynix Semiconductor, Inc.
11,990
341,331
Hyosung Corp.
390
31,239
Hyundai Department Store Company, Ltd.
800
103,448
Daewoo Engineering &
Daewoo Shipbuilding & Marine
Doosan Heavy Industries and
Hanjin Heavy Industries &
212
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
International Equity Index Trust B (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
South Korea (continued)
Hyundai Development Company
1,140
$
33,100
Hyundai Engineering &
Construction Company, Ltd.
990
71,342
Hyundai Heavy Industries Company, Ltd.
920
433,790
Hyundai Mipo Dockyard Company, Ltd.
570
97,169
Hyundai Mobis
1,540
460,022
Hyundai Motor Company, Ltd.
3,380
627,365
Hyundai Securities Company, Ltd. (I)
2,435
29,238
Hyundai Steel Company
1,100
140,172
Industrial Bank of Korea
2,860
49,171
Kangwon Land, Inc.
1,500
34,912
KB Financial Group, Inc.
5,140
268,984
KB Financial Group, Inc., ADR
2,566
133,868
KCC Corp.
240
79,466
Kia Motors Corp.
3,510
221,504
Korea Electric Power Corp. (I)
3,830
93,855
Korea Electric Power Corp., SADR (I)
3,533
43,244
Korea Exchange Bank
4,620
40,785
Korea Gas Corp.
1,230
41,008
Korea Investment Holdings Company, Ltd. (I)
600
22,918
Korea Zinc Company, Ltd.
340
123,468
Korean Air Lines Company, Ltd.
1,139
67,982
Korean Reinsurance Company, Ltd.
15
175
KT Corp.
2,633
93,331
KT Corp. SADR
1,397
27,283
KT&G Corp.
2,410
125,358
Kumho Industrial Company, Ltd. (I)
120
1,386
LG Chem, Ltd.
988
413,902
LG Corp.
1,990
148,196
LG Display Company, Ltd.
3,760
117,719
LG Display Company, Ltd., ADR
2,360
37,123
LG Electronics, Inc.
2,070
197,792
LG Household & Health Care, Ltd.
310
116,259
LG Innotek Company, Ltd.
210
22,264
LG Uplus Corp.
11,952
67,444
Lotte Confectionery Company, Ltd.
44
60,125
Lotte Shopping Company, Ltd.
170
69,584
LS Cable, Ltd.
870
87,493
Mirae Asset Securities Company, Ltd.
875
37,352
NCSoft Corp.
380
86,786
NHN Corp. (I)
828
144,449
OCI Company, Ltd.
240
107,956
Pacific Corp.
20
3,601
POSCO
1,559
715,418
S-Oil Corp.
850
116,869
S1 Corp.
810
41,555
Samsung Card Company, Ltd.
1,490
75,333
Samsung Corp.
2,810
183,599
Samsung Electro-Mechanics Company, Ltd.
1,160
124,028
Samsung Electronics Company, Ltd.
2,361
2,003,024
Samsung Engineering Company, Ltd.
600
114,164
Insurance Company, Ltd.
820
181,117
Samsung Heavy Industries Company, Ltd.
3,350
121,852
Samsung SDI Company, Ltd.
660
100,899
Samsung Securities Company, Ltd. (I)
990
72,594
Samsung Techwin Company, Ltd.
677
49,210
Seoul Semiconductor Company, Ltd.
720
28,081
Shinhan Financial Group Company, Ltd.
8,575
389,684
Shinsegae Company, Ltd.
606
144,069
SK C&C Company, Ltd.
340
30,096
SK Energy Company, Ltd.
1,280
244,183
SK Holdings Company, Ltd.
719
108,589
SK Networks Company, Ltd.
3,090
34,592
SK Telecom Company, Ltd.
470
70,053
Samsung Fire & Marine
International Equity Index Trust B (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
South Korea (continued)
SK Telecom Company, Ltd. ADR (L)
3,498
STX Pan Ocean Company, Ltd.
3,650
$
65,797
32,941
Tong Yang Investment Bank (I)
6
43
Woongjin Coway Company, Ltd.
1,930
66,594
Woori Finance Holdings Company, Ltd.
4,570
60,499
Woori Investment & Securities Company, Ltd.
2,910
53,192
Yuhan Corp.
350
47,222
12,505,757
Spain - 2.39%
Abertis Infraestructuras SA
7,395
160,615
Acciona SA
749
81,382
Acerinox SA
1,561
30,802
y Servicios SA
2,925
137,223
Amadeus IT Holding SA, A Shares (I)
3,903
74,697
Banco Bilbao Vizcaya Argentaria SA
90,421
1,097,757
Banco de Sabadell SA
23,481
102,849
Banco de Valencia SA (I)(L)
2,685
12,021
Banco Popular Espanol SA
19,082
112,190
Banco Santander SA
178,590
2,081,406
Bankinter SA (L)
6,779
46,513
Criteria Caixacorp SA
15,574
109,960
EDP Renovaveis SA (I)
3,867
27,798
Enagas SA
3,245
73,190
Ferrovial SA (I)
11,218
140,712
Fomento de Construcciones SA
432
14,320
Gas Natural SDG SA
5,781
108,559
Gestevision Telecinco SA
3,129
35,800
ACS Actividades de Construccion
Grifols SA
1,776
30,996
Iberdrola Renovables SA
21,843
94,249
Iberdrola SA
90,624
788,221
Inditex SA
4,857
389,905
Indra Sistemas SA
1,823
36,576
Mapfre SA
15,332
57,804
Red Electrica De Espana
2,815
159,895
Repsol YPF SA
15,525
532,742
Telefonica SA
87,469
2,189,938
Zardoya Otis SA
3,958
65,705
Zeltia SA (I)
175
689
8,794,514
Sweden - 2.00%
Alfa Laval AB
4,804
104,262
Assa Abloy AB, Series B
8,099
232,840
Atlas Copco AB, Series A
14,141
375,944
Atlas Copco AB, Series B
8,309
200,907
Boliden AB
6,000
128,963
CDON Group AB (I)
1,128
6,110
Electrolux AB (L)
5,064
130,676
Getinge AB, Series B
2,912
71,963
Hennes & Mauritz AB, B Shares
21,764
723,441
Holmen AB, Series B
371
12,826
Husqvarna AB, B Shares
6,017
51,658
Investor AB, B Shares (L)
11,200
271,902
Kinnevik Investment AB
5,500
128,227
Loomis AB (I)
1,539
24,420
Modern Times Group AB, B Shares
1,128
85,767
Nordea Bank AB (L)
55,768
610,654
Sandvik AB
21,292
402,542
Scania AB, Series B
4,952
115,000
Securitas AB, Series B
3,499
41,666
AB, Series A (L)
33,294
297,071
Skanska AB, Series B (L)
9,559
201,238
Skandinaviska Enskilda Banken
213
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
International Equity Index Trust B (continued)
Shares or
Principal
Amount
COMMON STOCKS (continued)
Sweden (continued)
Value
SKF AB, B Shares
8,152
SSAB AB, Series A (L)
2,022
$
237,417
31,998
Svenska Cellulosa AB (L)
14,076
226,464
Svenska Handelsbanken AB, Series A (L)
11,139
365,617
Swedbank AB, Class A (L)
14,200
243,073
Swedish Match AB
4,653
154,659
Tele2 AB, Series B
3,680
85,198
Telefonaktiebolaget LM Ericsson, B Shares
66,490
855,044
Teliasonera AB (L)
48,043
415,516
Volvo AB, Series B (L)
29,020
509,906
7,342,969
Switzerland - 5.27%
ABB, Ltd. (I)
49,228
1,185,209
Actelion, Ltd. (I)
2,203
126,689
Adecco SA
2,684
176,769
Aryzta AG
1,799
92,023
Baloise Holding AG
1,076
106,618
Compagnie Financiere Richemont SA
11,585
668,973
Credit Suisse Group AG (I)
25,078
1,065,694
GAM Holding, Ltd. (I)
4,378
83,185
Geberit AG (I)
867
188,985
Givaudan AG (I)
182
183,247
Holcim, Ltd. (I)
5,421
408,243
Julius Baer Group, Ltd. (I)
4,600
199,676
Kuehne & Nagel International AG
1,176
164,524
Lindt & Spruengli AG
18
51,960
Lindt & Spruengli AG - REG
3
97,505
Logitech International SA (I)
4,213
75,956
Lonza Group AG (I)
971
81,348
Nestle SA
74,251
4,260,501
Novartis AG
44,721
2,424,645
Pargesa Holding SA, ADR
557
53,335
Roche Holdings AG
14,890
2,126,909
Schindler Holding AG
1,052
126,383
Schindler Holding AG - REG
494
59,675
SGS SA
120
213,827
Sika AG
46
110,751
Sonova Holding AG
1,149
102,400
Straumann Holding AG
186
47,821
Swatch Group AG
919
73,043
Swiss Life Holding (I)
652
107,766
Swiss Reinsurance Company, Ltd. (I)
7,790
445,877
Swisscom AG
511
227,836
Syngenta AG
2,139
695,356
Synthes AG
1,295
175,248
The Swatch Group AG, BR Shares
687
303,621
Transocean, Ltd. (I)
6,746
529,599
UBS AG (Swiss Exchange) (I)
77,126
1,384,396
Zurich Financial Services AG (I)
3,341
935,407
19,361,000
Taiwan - 2.16%
Acer, Inc.
53,424
109,049
Advanced Semiconductor Engineering, Inc.
91,226
99,435
Advantech Company, Ltd.
1,647
5,093
Asia Cement Corp.
33,727
37,874
Asia Optical Company, Inc. (I)
79
155
Asustek Computer, Inc.
12,256
105,962
AU Optronics Corp. (I)
163,827
143,237
Catcher Technology Company, Ltd.
8,184
40,520
Cathay Financial Holdings Company, Ltd.
134,767
222,253
Chang Hwa Commercial Bank, Ltd.
68,000
54,597
Cheng Shin Rubber Industry Company, Ltd.
15,752
36,540
Cheng Uei Precision Industry Company, Ltd.
6,814
13,215
International Equity Index Trust B (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Taiwan (continued)
Chimei Innolux Corp. (I)
88,017
$
90,299
China Airlines, Ltd. (I)
24,472
14,060
China Development Financial Holdings Corp.
174,718
70,440
China Motor Company, Ltd.
65
53
China Steel Corp.
223,166
266,608
Chinatrust Financial Holding Company, Ltd.
191,895
162,960
Chunghwa Picture Tubes, Ltd. (I)
64,630
8,048
Chunghwa Telecom Company, Ltd.
84,148
262,132
CMC Magnetics Corp. (I)
18,000
4,360
Compal Communications, Inc.
512
467
Compal Electronics, Inc.
79,764
79,146
D-Link Corp.
361
336
Delta Electronics, Inc.
32,331
128,125
E.Sun Financial Holding Company, Ltd.
40,867
25,718
Epistar Corp.
10,064
36,904
Eternal Chemical Company, Ltd.
3,871
4,569
EVA Airways Corp. (I)
21,476
16,914
Evergreen Marine Corp. (I)
8,000
6,663
Everlight Electronics Company, Ltd.
6,535
18,470
Far Eastern Department Stores Company, Ltd.
17,736
28,035
Far Eastern New Century Corp.
57,626
89,073
Telecommunications Company, Ltd.
16,159
24,184
First Financial Holding Company, Ltd.
88,994
76,297
Formosa Chemicals & Fibre Corp.
59,740
226,344
Formosa Petrochemical Corp.
24,720
81,069
Formosa Plastic Corp.
85,160
299,642
Formosa Taffeta Company, Ltd.
5,000
5,021
Foxconn Technology Company, Ltd.
12,514
47,713
Fubon Financial Holding Company, Ltd.
100,794
133,896
HannStar Display Corp. (I)
58,031
10,312
Hon Hai Precision Industry Company, Ltd.
191,060
669,567
HTC Corp.
15,236
596,206
Hua Nan Financial Holdings Company, Ltd.
59,504
44,469
Inotera Memories, Inc. (I)
428
218
Inventec Appliances Corp.
813
643
Far EasTone
Inventec Company, Ltd.
23,659
12,059
KGI Securities Company, Ltd.
30,000
14,364
Kinsus Interconnect Technology Corp.
1,035
3,186
Largan Precision Company, Ltd.
1,143
30,887
Lite-On Technology Corp.
38,461
47,368
Macronix International Company, Ltd.
47,677
31,633
MediaTek, Inc.
20,340
233,646
Mega Financial Holding Company, Ltd.
171,000
134,667
Mitac International
2,814
1,209
Mosel Vitelic, Inc. (I)
428
214
Motech Industries, Inc.
4,359
18,906
Nan Ya Plastics Corp.
111,240
327,671
Nan Ya Printed Circuit Board Corp.
1,154
3,443
Nanya Technology Corp. (I)
26,017
13,555
Novatek Microelectronics Corp., Ltd.
7,361
21,651
Pan-International Industrial Company, Ltd.
321
374
Pegatron Corp. (I)
32,989
37,372
Polaris Securities Company, Ltd.
29,282
19,822
Pou Chen Corp.
36,641
33,838
Powerchip Semiconductor Corp. (I)
64,457
13,939
Powertech Technology, Inc.
11,954
37,401
President Chain Store Corp.
7,496
33,242
Qisda Corp. (I)
16,048
9,719
Quanta Computer, Inc.
39,771
75,106
Realtek Semiconductor Corp.
5,824
10,461
Richtek Technology Corp.
2,425
16,790
Holding Company, Ltd. (I)
95,063
41,238
Siliconware Precision Industries Company
54,855
67,919
Shin Kong Financial
214
John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)
PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)
International Equity Index Trust B (continued)
Shares or
Principal
Amount
Value
COMMON STOCKS (continued)
Taiwan (continued)
SinoPac Holdings Company, Ltd.
97,000
Synnex Technology International Corp.
23,741
$
43,726
55,339
Taishin Financial Holdings Company, Ltd. (I)
60,022
34,002
Taiwan Cement Corp.
60,781
73,342
Taiwan Coope
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