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

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number 811-22441

John Hancock Hedged Equity & Income Fund
(Exact name of registrant as specified in charter)

601 Congress Street, Boston, Massachusetts 02210
(Address of principal executive offices) (Zip code)

Salvatore Schiavone

Treasurer

601 Congress Street

Boston, Massachusetts 02210
(Name and address of agent for service)

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

Date of fiscal year end: December 31
 
 
Date of reporting period: September 30, 2018

ITEM 1. SCHEDULE OF INVESTMENTS


John Hancock

Hedged Equity & Income Fund

Quarterly portfolio holdings 9/30/18

jhnq_logo.jpg  

Fund’s investments  
As of 9-30-18 (unaudited)
        Shares Value
Common stocks 81.9%         $161,678,508
(Cost $165,107,030)          
Communication services 7.6%     14,929,173
Diversified telecommunication services 4.6%      
AT&T, Inc.     13,354 448,427
BCE, Inc.     37,034 1,500,398
BT Group PLC     605,032 1,775,978
CenturyLink, Inc.     13,171 279,225
China Telecom Corp., Ltd., H Shares     553,055 274,923
China Unicom Hong Kong, Ltd.     240,230 280,650
Hellenic Telecommunications Organization SA     15,792 193,639
KT Corp.     8,424 229,007
Magyar Telekom Telecommunications PLC     76,545 109,906
O2 Czech Republic AS     31,143 362,940
Proximus SADP     2,593 61,942
Spark New Zealand, Ltd.     63,538 170,540
Telefonica Deutschland Holding AG     25,600 108,143
Telenor ASA     40,163 785,412
Verizon Communications, Inc. (A)     47,745 2,549,106
Entertainment 0.3%      
Avex, Inc.     9,010 128,508
DeNA Company, Ltd.     6,260 110,540
Konami Holdings Corp.     900 35,241
NHN Entertainment Corp. (B)     1,945 107,302
Nintendo Company, Ltd.     229 83,318
Interactive media and services 0.4%      
Alphabet, Inc., Class A (B)     141 170,198
Autohome, Inc., ADR     758 58,677
Baidu, Inc., ADR (B)     312 71,348
Facebook, Inc., Class A (B)     637 104,761
Gree, Inc.     24,710 116,565
Momo, Inc., ADR (B)     709 31,054
SINA Corp. (B)     528 36,685
Yahoo Japan Corp.     70,220 252,170
Media 1.3%      
Eutelsat Communications SA     1,342 31,705
Fuji Media Holdings, Inc.     5,435 96,738
Gendai Agency, Inc.     3,360 15,395
Metropole Television SA     1,810 36,483
Nippon Television Holdings, Inc.     10,110 175,132
ProSiebenSat.1 Media SE     4,759 123,296
Proto Corp.     1,960 27,656
RTL Group SA     3,208 228,814
SES SA     63,140 1,385,003
Telenet Group Holding NV (B)     3,306 182,158
Television Francaise 1     14,809 156,395
TV Asahi Holdings Corp.     3,440 66,114
Wireless telecommunication services 1.0%      
China Mobile, Ltd.     112,630 1,107,360
NTT DOCOMO, Inc.     25,600 688,065
Orange Belgium SA     4,712 74,072
Vodafone Group PLC     45,824 98,184
2 JOHN HANCOCK HEDGED EQUITY & INCOME FUND | QUARTERLY REPORT SEE NOTES TO FUND'S INVESTMENTS

 

        Shares Value
Consumer discretionary 5.4%     $10,637,418
Auto components 0.7%      
Aisan Industry Company, Ltd.     6,680 58,083
Bridgestone Corp.     1,600 60,470
Exedy Corp.     4,435 146,992
Fuyao Glass Industry Group Company, Ltd., H Shares (C)     67,385 244,147
Keihin Corp.     8,165 168,956
Nissin Kogyo Company, Ltd.     7,484 126,012
NOK Corp.     11,175 191,821
Sumitomo Riko Company, Ltd.     9,640 97,341
Tokai Rika Company, Ltd.     7,400 156,433
Toyoda Gosei Company, Ltd.     7,395 182,629
Unipres Corp.     1,700 33,057
Automobiles 0.7%      
Daimler AG     1,067 67,245
Dongfeng Motor Group Company, Ltd., H Shares     217,960 224,609
Ford Motor Company     20,802 192,419
Honda Motor Company, Ltd.     14,990 451,443
Kia Motors Corp.     7,243 229,110
Nissan Motor Company, Ltd.     7,600 71,117
Renault SA     942 81,485
Diversified consumer services 0.1%      
Allstar Co-Invest LLC (B)(D)(E)     236,300 54,349
Benesse Holdings, Inc.     2,540 72,328
New Oriental Education & Technology Group, Inc., ADR (B)     609 45,072
Hotels, restaurants and leisure 1.3%      
Carnival Corp.     516 32,905
Darden Restaurants, Inc.     489 54,372
Las Vegas Sands Corp. (A)     31,793 1,886,279
McDonald's Corp.     1,585 265,155
OPAP SA     23,209 243,647
Household durables 0.7%      
Barratt Developments PLC     21,795 160,955
Berkeley Group Holdings PLC     1,039 49,775
Coway Company, Ltd.     445 34,818
Funai Electric Company, Ltd. (B)     11,623 67,323
Garmin, Ltd.     2,129 149,136
Nikon Corp.     6,455 121,298
Persimmon PLC     10,827 333,334
Pioneer Corp. (B)     99,920 101,993
Taylor Wimpey PLC     193,200 431,840
Internet and direct marketing retail 0.4%      
Alibaba Group Holding, Ltd., ADR (B)     1,793 295,415
Amazon.com, Inc. (B)     210 420,630
Qliro Group AB (B)     31,900 45,901
Leisure products 0.1%      
Sankyo Company, Ltd.     7,630 298,480
Multiline retail 0.3%      
Kohl's Corp.     1,573 117,267
Macy's, Inc.     3,902 135,516
Marks & Spencer Group PLC     42,444 159,693
Target Corp.     1,435 126,581
SEE NOTES TO FUND'S INVESTMENTS QUARTERLY REPORT | JOHN HANCOCK HEDGED EQUITY & INCOME FUND 3

 

        Shares Value
Consumer discretionary (continued)      
Specialty retail 0.9%      
CECONOMY AG     17,381 $122,875
Halfords Group PLC     29,206 120,462
Honeys Holdings Company, Ltd.     4,320 38,851
Kingfisher PLC     23,390 79,087
L Brands, Inc.     31,379 950,784
Nishimatsuya Chain Company, Ltd.     6,010 60,403
PAL GROUP Holdings Company, Ltd.     2,890 72,630
Shimamura Company, Ltd.     1,470 139,442
The Gap, Inc.     1,580 45,583
The Home Depot, Inc.     255 52,823
USS Company, Ltd.     3,200 59,404
Xebio Holdings Company, Ltd.     7,395 107,833
Textiles, apparel and luxury goods 0.2%      
361 Degrees International, Ltd.     255,300 64,744
Daphne International Holdings, Ltd. (B)     326,250 15,402
Geox SpA     23,676 59,542
Pandora A/S     1,108 69,108
Sanyo Shokai, Ltd.     4,660 91,014
Consumer staples 6.0%     11,772,902
Beverages 0.4%      
PepsiCo, Inc.     2,079 232,432
The Coca-Cola Company     11,924 550,770
Food and staples retailing 1.1%      
Aeon Company, Ltd.     31,920 769,122
Casino Guichard Perrachon SA     1,734 72,978
Cawachi, Ltd.     2,800 56,917
Colruyt SA     10,618 600,897
J Sainsbury PLC     55,063 230,686
METRO AG     10,156 159,073
Sysco Corp.     678 49,664
Walmart, Inc.     789 74,095
Wesfarmers, Ltd.     5,031 181,162
Household products 0.2%      
The Procter & Gamble Company     3,920 326,262
Personal products 1.3%      
The Estee Lauder Companies, Inc., Class A     499 72,515
Unilever NV     43,190 2,402,437
Tobacco 3.0%      
Altria Group, Inc.     4,942 298,052
British American Tobacco PLC     28,061 1,308,218
Imperial Brands PLC     53,066 1,846,588
Japan Tobacco, Inc.     4,100 107,065
Philip Morris International, Inc.     29,850 2,433,969
Energy 9.8%     19,322,627
Energy equipment and services 0.2%      
Fugro NV (B)     7,214 94,958
Helmerich & Payne, Inc.     727 49,996
Saipem SpA (B)     37,990 233,414
Trican Well Service, Ltd. (B)     35,211 62,972
4 JOHN HANCOCK HEDGED EQUITY & INCOME FUND | QUARTERLY REPORT SEE NOTES TO FUND'S INVESTMENTS

 

        Shares Value
Energy (continued)      
Oil, gas and consumable fuels 9.6%      
Advantage Oil & Gas, Ltd. (B)     22,038 $61,423
ARC Resources, Ltd.     6,989 77,917
Banpu PCL     1,024,160 605,009
BP PLC     115,482 885,139
Cameco Corp.     7,776 88,678
Chevron Corp.     3,562 435,561
Coal India, Ltd.     96,176 354,478
Eni SpA     61,141 1,152,482
Exxaro Resources, Ltd.     66,593 684,595
Exxon Mobil Corp.     4,570 388,541
Galp Energia SGPS SA     31,888 632,270
Gazprom PJSC, ADR     55,698 276,819
Inpex Corp.     20,130 251,515
Inter Pipeline, Ltd.     4,768 82,687
Japan Petroleum Exploration Company, Ltd.     6,735 154,787
LUKOIL PJSC, ADR     3,204 245,341
LUKOIL PJSC, ADR     75 5,733
Neste OYJ     7,708 635,335
ONEOK, Inc.     3,461 234,621
Painted Pony Energy, Ltd. (B)     26,019 66,072
Petroleo Brasileiro SA, ADR     8,878 107,157
Plains GP Holdings LP, Class A (B)     89,445 2,194,086
Royal Dutch Shell PLC, A Shares (London Stock Exchange)     9,281 318,231
Royal Dutch Shell PLC, B Shares     88,528 3,099,060
Surgutneftegas OJSC, ADR     124,839 515,390
Targa Resources Corp.     6,356 357,906
The Williams Companies, Inc.     3,872 105,280
TOTAL SA     48,681 3,165,275
Tourmaline Oil Corp.     4,684 82,464
TransCanada Corp.     31,226 1,263,400
Valero Energy Corp.     2,146 244,108
YPF SA, ADR (B)     7,115 109,927
Financials 14.7%     29,007,035
Banks 7.4%      
Allahabad Bank (B)     39,274 19,090
Aozora Bank, Ltd.     2,100 75,004
Bank Leumi Le-Israel BM     103,810 684,145
Bank of Ireland Group PLC     19,598 149,864
Bank Polska Kasa Opieki SA     2,444 70,338
BNP Paribas SA     22,189 1,358,779
BPER Banca     29,022 133,858
CaixaBank SA     53,899 245,128
Canara Bank (B)     29,510 89,749
Corp Bank (B)     38,638 13,241
Dah Sing Financial Holdings, Ltd.     9,700 62,052
Danske Bank A/S     1,778 46,606
DNB ASA     3,758 79,085
HSBC Holdings PLC     76,432 666,898
ING Groep NV     114,785 1,489,806
Intesa Sanpaolo SpA     401,169 1,022,152
JPMorgan Chase & Co.     8,124 916,712
KB Financial Group, Inc.     4,402 214,395
SEE NOTES TO FUND'S INVESTMENTS QUARTERLY REPORT | JOHN HANCOCK HEDGED EQUITY & INCOME FUND 5

 

        Shares Value
Financials (continued)      
Banks (continued)      
Krung Thai Bank PCL, Foreign Quota Shares     69,500 $43,412
Lloyds Banking Group PLC     263,224 202,442
Mitsubishi UFJ Financial Group, Inc.     65,779 408,664
Mizuho Financial Group, Inc.     204,795 356,917
National Australia Bank, Ltd.     5,783 116,100
Nordea Bank AB     137,782 1,499,150
People's United Financial, Inc.     2,735 46,823
Raiffeisen Bank International AG     2,282 65,679
Resona Holdings, Inc.     149,500 839,363
Sberbank of Russia PJSC, ADR     18,219 229,104
Shinhan Financial Group Company, Ltd.     4,792 193,637
Skandinaviska Enskilda Banken AB, Series A     6,135 68,393
Societe Generale SA     7,616 327,034
Standard Chartered PLC     27,185 225,233
Sumitomo Mitsui Financial Group, Inc.     10,250 412,500
Sumitomo Mitsui Trust Holdings, Inc.     6,220 255,931
The Tochigi Bank, Ltd.     15,470 51,745
Unicaja Banco SA (C)     75,349 122,763
UniCredit SpA     19,420 291,391
Wells Fargo & Company (A)     28,949 1,521,559
Westpac Banking Corp.     4,334 87,160
Capital markets 2.7%      
ASX, Ltd.     13,092 602,191
Banca Generali SpA     31,471 810,541
CME Group, Inc.     3,903 664,330
GAM Holding AG (B)     13,787 98,034
Ichiyoshi Securities Company, Ltd.     7,420 77,108
IGM Financial, Inc.     6,245 171,639
Julius Baer Group, Ltd. (B)     3,133 156,575
Natixis SA     42,692 289,916
SBI Holdings, Inc.     24,600 763,574
UBS Group AG (B)     103,230 1,629,860
Uranium Participation Corp. (B)     19,158 68,525
Diversified financial services 0.0%      
G-Resources Group, Ltd. (B)     2,631,450 22,196
Insurance 3.4%      
Admiral Group PLC     2,994 81,159
Ageas     4,580 246,215
American Financial Group, Inc.     3,379 374,968
Assicurazioni Generali SpA     104,818 1,804,950
Coface SA     1,827 17,330
Dai-ichi Life Holdings, Inc.     12,715 265,048
Direct Line Insurance Group PLC     46,023 194,254
Legal & General Group PLC     36,646 125,102
Orange Life Insurance, Ltd. (C)     1,347 41,413
Poste Italiane SpA (C)     38,993 311,022
Powszechny Zaklad Ubezpieczen SA     5,335 57,413
Sampo OYJ, A Shares     1,273 65,876
Shin Kong Financial Holding Company, Ltd.     281,563 110,115
Sony Financial Holdings, Inc.     2,100 46,309
T&D Holdings, Inc.     19,635 324,264
Tongyang Life Insurance Company, Ltd.     14,010 80,699
6 JOHN HANCOCK HEDGED EQUITY & INCOME FUND | QUARTERLY REPORT SEE NOTES TO FUND'S INVESTMENTS

 

        Shares Value
Financials (continued)      
Insurance (continued)      
Tryg A/S     10,874 $270,772
Zurich Insurance Group AG     7,354 2,318,753
Mortgage real estate investment trusts 1.1%      
AGNC Investment Corp.     58,288 1,085,905
Annaly Capital Management, Inc.     98,867 1,011,409
Thrifts and mortgage finance 0.1%      
New York Community Bancorp, Inc.     11,347 117,668
Health care 7.2%     14,167,137
Biotechnology 0.3%      
AbbVie, Inc.     4,099 387,683
Amgen, Inc.     758 157,126
Gilead Sciences, Inc.     1,465 113,113
Health care equipment and supplies 0.4%      
Abbott Laboratories     4,524 331,881
Hoya Corp.     1,500 89,086
Medtronic PLC     2,329 229,104
ResMed, Inc.     883 101,845
Health care providers and services 0.3%      
Cardinal Health, Inc.     692 37,368
Sonic Healthcare, Ltd.     33,110 595,734
Health care technology 0.1%      
AGFA-Gevaert NV (B)     23,680 108,606
Life sciences tools and services 0.0%      
CMIC Holdings Company, Ltd.     2,900 58,471
Pharmaceuticals 6.1%      
AstraZeneca PLC     33,095 2,579,558
Bristol-Myers Squibb Company     3,539 219,701
Eisai Company, Ltd.     2,060 200,679
Eli Lilly & Company     1,574 168,906
H Lundbeck A/S     590 36,420
Johnson & Johnson     4,124 569,813
Kyowa Hakko Kirin Company, Ltd.     3,000 56,294
Merck & Company, Inc.     5,894 418,120
Novartis AG     41,497 3,571,998
Pfizer, Inc.     19,642 865,623
Roche Holding AG     11,690 2,826,821
Takeda Pharmaceutical Company, Ltd.     10,365 443,187
Industrials 7.2%     14,310,140
Aerospace and defense 0.5%      
Harris Corp.     1,094 185,116
Lockheed Martin Corp.     509 176,094
The Boeing Company     1,186 441,073
United Technologies Corp.     1,535 214,608
Air freight and logistics 0.2%      
CTT-Correios de Portugal SA     21,522 84,429
PostNL NV     50,666 181,302
United Parcel Service, Inc., Class B     484 56,507
Airlines 0.2%      
Air France-KLM (B)     22,452 234,002
ANA Holdings, Inc.     1,300 45,415
SEE NOTES TO FUND'S INVESTMENTS QUARTERLY REPORT | JOHN HANCOCK HEDGED EQUITY & INCOME FUND 7

 

        Shares Value
Industrials (continued)      
Airlines (continued)      
SAS AB (B)     45,338 $109,425
Building products 0.2%      
Cie de Saint-Gobain     7,770 334,895
Commercial services and supplies 0.4%      
Park24 Company, Ltd.     21,900 661,910
Serco Group PLC (B)     50,070 63,791
Toppan Forms Company, Ltd.     10,340 99,413
Construction and engineering 0.3%      
China Machinery Engineering Corp., H Shares     167,870 82,108
Chiyoda Corp.     11,235 91,450
JGC Corp.     8,825 202,367
Raubex Group, Ltd.     36,410 56,834
Toyo Engineering Corp. (B)     8,200 65,351
Electrical equipment 1.1%      
ABB, Ltd.     73,137 1,730,039
Emerson Electric Company     1,459 111,730
Ushio, Inc.     10,625 145,724
Zumtobel Group AG (B)     8,364 79,613
Industrial conglomerates 0.1%      
3M Company     1,060 223,353
Machinery 1.2%      
Alstom SA     3,965 177,349
Caterpillar, Inc.     1,206 183,903
Hisaka Works, Ltd.     5,780 60,952
Kone OYJ, B Shares     29,476 1,573,392
Mitsubishi Heavy Industries, Ltd.     7,705 297,547
The Japan Steel Works, Ltd.     3,430 83,513
Toshiba Machine Company, Ltd.     3,533 78,995
Marine 0.2%      
A.P. Moller - Maersk A/S, Series B     149 209,326
D/S Norden A/S (B)     7,778 118,059
Kuehne + Nagel International AG     203 32,211
Pacific Basin Shipping, Ltd.     525,330 125,043
Professional services 0.2%      
Adecco Group AG     5,408 284,284
Hays PLC     45,176 119,923
SThree PLC     7,312 35,928
Road and rail 0.1%      
Firstgroup PLC (B)     54,490 64,530
The Go-Ahead Group PLC     6,921 145,034
Trading companies and distributors 1.5%      
Ferguson PLC     7,691 652,365
ITOCHU Corp.     2,500 45,758
Marubeni Corp.     77,600 709,699
Mitsubishi Corp.     22,400 689,981
Rexel SA     13,419 201,561
SIG PLC     49,136 81,179
Sumitomo Corp.     38,900 648,277
Transportation infrastructure 1.0%      
Atlantia SpA     4,684 97,178
Hamburger Hafen und Logistik AG     2,873 67,447
8 JOHN HANCOCK HEDGED EQUITY & INCOME FUND | QUARTERLY REPORT SEE NOTES TO FUND'S INVESTMENTS

 

        Shares Value
Industrials (continued)      
Transportation infrastructure (continued)      
Sydney Airport     371,705 $1,850,157
Information technology 9.7%     19,230,748
Communications equipment 1.8%      
Cisco Systems, Inc.     27,616 1,343,518
Nokia OYJ     335,963 1,867,876
Telefonaktiebolaget LM Ericsson, B Shares     35,609 315,168
Electronic equipment, instruments and components 0.3%      
Citizen Watch Company, Ltd.     19,825 130,642
Enplas Corp.     2,160 61,927
Hosiden Corp.     5,410 52,988
Ibiden Company, Ltd.     8,710 122,041
Nichicon Corp.     12,040 118,697
Simplo Technology Company, Ltd.     20,010 137,337
Yokogawa Electric Corp.     2,300 48,652
IT services 1.5%      
Accenture PLC, Class A     4,594 781,899
Automatic Data Processing, Inc.     808 121,733
Fujitsu, Ltd.     4,905 349,395
IBM Corp.     2,629 397,531
Infosys, Ltd.     66,818 672,759
Paychex, Inc.     5,614 413,471
Sopra Steria Group     237 37,991
The Western Union Company     8,965 170,873
TravelSky Technology, Ltd., H Shares     18,000 46,802
Semiconductors and semiconductor equipment 3.9%      
Broadcom, Inc.     356 87,836
Disco Corp.     229 38,349
Intel Corp. (A)     54,841 2,593,431
KLA-Tencor Corp.     398 40,481
Maxim Integrated Products, Inc.     4,379 246,932
MediaTek, Inc.     7,040 56,806
Microchip Technology, Inc.     424 33,458
Miraial Company, Ltd.     2,800 28,015
QUALCOMM, Inc. (A)     42,373 3,052,127
Shinko Electric Industries Company, Ltd.     5,435 45,742
Taiwan Semiconductor Manufacturing Company, Ltd.     139,000 1,186,161
Texas Instruments, Inc.     423 45,384
Tokyo Electron, Ltd.     1,300 179,167
Tokyo Seimitsu Company, Ltd.     3,585 93,449
Software 0.5%      
Alpha Systems, Inc.     1,100 28,230
Microsoft Corp.     6,844 782,748
Trend Micro, Inc.     2,500 160,809
Technology hardware, storage and peripherals 1.7%      
Acer, Inc. (B)     193,770 160,046
Apple, Inc.     3,140 708,824
Canon, Inc.     17,150 543,819
Catcher Technology Company, Ltd.     49,357 542,575
Compal Electronics, Inc.     293,585 182,096
HP, Inc.     2,159 55,637
Maxell Holdings, Ltd.     5,830 91,335
SEE NOTES TO FUND'S INVESTMENTS QUARTERLY REPORT | JOHN HANCOCK HEDGED EQUITY & INCOME FUND 9

 

        Shares Value
Information technology (continued)      
Technology hardware, storage and peripherals (continued)      
Melco Holdings, Inc.     1,230 $44,241
Neopost SA     5,046 153,246
Samsung Electronics Company, Ltd.     1,300 54,406
Seagate Technology PLC     16,982 804,098
Materials 4.1%     8,186,023
Chemicals 0.4%      
China BlueChemical, Ltd., H Shares     308,420 124,817
EMS-Chemie Holding AG     101 60,235
JSR Corp.     12,580 234,853
LyondellBasell Industries NV, Class A     2,840 291,101
Praxair, Inc.     473 76,025
Construction materials 0.2%      
LafargeHolcim, Ltd. (B)     5,386 266,644
Vicat SA     1,728 105,259
Containers and packaging 0.6%      
AMVIG Holdings, Ltd.     152,000 39,454
International Paper Company     22,007 1,081,644
Nampak, Ltd. (B)     120,152 130,208
Metals and mining 2.9%      
Acacia Mining PLC (B)     43,509 75,151
Alumina, Ltd.     68,097 136,319
Anglo American Platinum, Ltd.     4,337 141,790
Anglo American PLC     11,853 265,163
Barrick Gold Corp.     13,362 147,829
Centerra Gold, Inc. (B)     23,756 94,719
Chubu Steel Plate Company, Ltd.     5,410 32,390
CST Group, Ltd. (B)     1,440,000 4,782
Eldorado Gold Corp. (B)     47,801 42,213
Eregli Demir ve Celik Fabrikalari TAS     70,809 129,198
Gold Fields, Ltd.     44,751 107,231
Hitachi Metals, Ltd.     16,820 208,281
Impala Platinum Holdings, Ltd. (B)     26,277 50,754
JFE Holdings, Inc.     28,800 660,670
Kinross Gold Corp. (B)     24,843 67,076
Kyoei Steel, Ltd.     7,210 140,609
Magnitogorsk Iron & Steel Works PJSC, GDR     11,526 119,179
MMC Norilsk Nickel PJSC, ADR     26,614 457,495
Nakayama Steel Works, Ltd.     11,090 71,142
Neturen Company, Ltd.     5,690 58,189
Northern Dynasty Minerals, Ltd. (B)     10,296 5,739
Pacific Metals Company, Ltd.     2,880 107,168
Petra Diamonds, Ltd. (B)     113,980 55,989
Resolute Mining, Ltd.     60,900 47,857
Rio Tinto PLC     34,516 1,741,041
Salzgitter AG     2,231 111,312
Severstal PJSC, GDR     17,643 293,756
Tokyo Steel Manufacturing Company, Ltd.     16,410 120,141
Western Areas, Ltd.     58,843 113,124
Yamato Kogyo Company, Ltd.     5,465 169,476
10 JOHN HANCOCK HEDGED EQUITY & INCOME FUND | QUARTERLY REPORT SEE NOTES TO FUND'S INVESTMENTS

 

        Shares Value
Real estate 5.0%     $9,893,576
Equity real estate investment trusts 4.6%      
Crown Castle International Corp.     6,169 686,795
Fibra Uno Administracion SA de CV     100,593 133,038
Fortress REIT, Ltd., Class B     43,332 46,660
Gaming and Leisure Properties, Inc. (A)     54,146 1,908,647
Growthpoint Properties, Ltd.     94,610 155,247
HCP, Inc.     2,657 69,932
Host Hotels & Resorts, Inc.     31,704 668,954
Iron Mountain, Inc.     6,448 222,585
Kimco Realty Corp.     6,064 101,511
National Retail Properties, Inc.     15,031 673,689
Park Hotels & Resorts, Inc.     61,336 2,013,048
Redefine Properties, Ltd.     358,084 253,607
Resilient REIT, Ltd.     9,528 39,143
The Macerich Company     648 35,828
Unibail-Rodamco-Westfield (B)     8,127 1,634,479
Ventas, Inc.     1,041 56,610
VEREIT, Inc.     35,788 259,821
Welltower, Inc.     896 57,631
Real estate management and development 0.4%      
Nexity SA     15,856 876,351
Utilities 5.2%     10,221,729
Electric utilities 2.5%      
Edison International (A)     17,645 1,194,214
EDP - Energias de Portugal SA     470,369 1,737,287
Endesa SA     8,804 189,900
Enel SpA     8,445 43,167
PPL Corp.     1,431 41,871
SSE PLC     86,696 1,294,706
The Chugoku Electric Power Company, Inc.     28,100 361,110
The Southern Company     1,947 84,889
Gas utilities 0.2%      
AltaGas, Ltd.     16,912 269,068
Independent power and renewable electricity producers 1.3%      
AES Corp.     47,587 666,218
China Longyuan Power Group Corp., Ltd., H Shares     1,566,000 1,318,715
Glow Energy PCL     87,493 238,114
Meridian Energy, Ltd.     121,728 265,019
NTPC, Ltd.     51,965 120,363
Multi-utilities 1.2%      
CenterPoint Energy, Inc.     3,898 107,780
Centrica PLC     141,773 286,506
Dominion Energy, Inc.     11,000 773,080
E.ON SE     18,889 192,210
Engie SA     13,928 205,051
Public Service Enterprise Group, Inc.     12,560 663,042
RWE AG     6,862 169,419
Preferred securities 0.5%         $1,087,934
(Cost $1,089,614)          
Communication services 0.0%         91,241
Diversified telecommunication services 0.0%      
Telefonica Brasil SA   9,400 91,241
SEE NOTES TO FUND'S INVESTMENTS QUARTERLY REPORT | JOHN HANCOCK HEDGED EQUITY & INCOME FUND 11

 

        Shares Value
Consumer discretionary 0.4%         $828,892
Automobiles 0.4%      
Volkswagen AG   4,720 828,892
Information technology 0.0%         53,821
Technology hardware, storage and peripherals 0.0%      
Samsung Electronics Company, Ltd.   1,578 53,821
Utilities 0.1%         113,980
Electric utilities 0.1%      
Cia Paranaense de Energia, B Shares   21,500 113,980
    
  Rate (%) Maturity date   Par value^ Value
Foreign government obligations 0.1%       $121,935
(Cost $141,967)          
Argentina 0.1%         121,935
Provincia de Buenos Aires
Bond (C) 		5.375 01-20-23 EUR 125,000 121,935
Corporate bonds 14.0%         $27,602,555
(Cost $27,751,345)          
Communication services 1.8%     3,606,779
Diversified telecommunication services 0.5%      
Cablevision SA (C) 6.500 06-15-21   151,000 148,735
CenturyLink, Inc. 5.625 04-01-25   140,000 136,892
CenturyLink, Inc. 7.500 04-01-24   30,000 32,063
Embarq Corp. 7.995 06-01-36   100,000 99,750
Frontier Communications Corp. (C) 8.500 04-01-26   105,000 99,225
Telecom Italia Capital SA 7.200 07-18-36   90,000 92,700
Telecom Italia SpA (C) 5.303 05-30-24   200,000 194,250
Zayo Group LLC 6.000 04-01-23   190,000 195,700
Media 0.9%      
Altice Financing SA (C) 7.500 05-15-26   210,000 204,750
Altice France SA (C) 5.875 02-01-27 EUR 165,000 199,715
CCO Holdings LLC (C) 5.750 02-15-26   180,000 180,675
Cequel Communications Holdings I LLC (C) 5.125 12-15-21   155,000 155,422
DISH DBS Corp. 7.875 09-01-19   255,000 263,979
Gray Television, Inc. (C) 5.125 10-15-24   130,000 125,613
Gray Television, Inc. (C) 5.875 07-15-26   50,000 49,563
Sinclair Television Group, Inc. (C) 5.875 03-15-26   75,000 73,133
TEGNA, Inc. (C) 4.875 09-15-21   115,000 115,144
TEGNA, Inc. 5.125 10-15-19   157,000 157,098
Tribune Media Company 5.875 07-15-22   150,000 153,188
WMG Acquisition Corp. (C) 5.500 04-15-26   85,000 84,363
Wireless telecommunication services 0.4%      
Sprint Corp. 7.125 06-15-24   185,000 192,169
Sprint Corp. 7.250 09-15-21   215,000 227,094
Sprint Corp. 7.625 02-15-25   120,000 127,260
Sprint Corp. 7.875 09-15-23   115,000 123,896
Turkcell Iletisim Hizmetleri AS 5.800 04-11-28   200,000 174,402
Consumer discretionary 2.1%     4,218,639
Auto components 0.2%      
Adient Global Holdings, Ltd. 3.500 08-15-24 EUR 100,000 108,057
Avis Budget Car Rental LLC (C) 5.250 03-15-25   180,000 168,975
12 JOHN HANCOCK HEDGED EQUITY & INCOME FUND | QUARTERLY REPORT SEE NOTES TO FUND'S INVESTMENTS

 

  Rate (%) Maturity date   Par value^ Value
Consumer discretionary (continued)      
Auto components (continued)      
Avis Budget Car Rental LLC 5.500 04-01-23   110,000 $109,416
The Goodyear Tire & Rubber Company 5.000 05-31-26   50,000 47,013
Automobiles 0.1%      
LKQ European Holdings BV (C) 3.625 04-01-26 EUR 100,000 117,870
Tesla, Inc. (C) 5.300 08-15-25   30,000 25,275
Diversified consumer services 0.1%      
Crown European Holdings SA (C) 2.875 02-01-26 EUR 225,000 256,721
Service Corp. International 4.625 12-15-27   35,000 33,513
Hotels, restaurants and leisure 0.9%      
Boyd Gaming Corp. 6.000 08-15-26   90,000 90,675
Boyd Gaming Corp. 6.375 04-01-26   85,000 87,508
Caesars Resort Collection LLC (C) 5.250 10-15-25   120,000 114,300
Codere Finance 2 Luxembourg SA (C) 6.750 11-01-21 EUR 150,000 163,835
Delta Merger Sub, Inc. (C) 6.000 09-15-26   35,000 35,438
Eldorado Resorts, Inc. 6.000 04-01-25   130,000 131,625
Jacobs Entertainment, Inc. (C) 7.875 02-01-24   165,000 175,133
LHMC Finco Sarl (C) 6.250 12-20-23 EUR 115,000 138,053
New Red Finance, Inc. (C) 5.000 10-15-25   320,000 306,403
Penn National Gaming, Inc. (C) 5.625 01-15-27   186,000 179,434
Pinnacle Entertainment, Inc. 5.625 05-01-24   115,000 121,469
Station Casinos LLC (C) 5.000 10-01-25   115,000 110,147
Sugarhouse HSP Gaming Prop Mezz LP (C) 5.875 05-15-25   110,000 103,917
Household durables 0.3%      
Beazer Homes USA, Inc. 5.875 10-15-27   40,000 34,000
Beazer Homes USA, Inc. 6.750 03-15-25   45,000 41,672
Beazer Homes USA, Inc. 8.750 03-15-22   106,000 112,095
KB Home 7.000 12-15-21   225,000 237,094
M/I Homes, Inc. 5.625 08-01-25   40,000 37,600
M/I Homes, Inc. 6.750 01-15-21   165,000 168,292
Internet and direct marketing retail 0.1%      
Liberty Interactive LLC 8.250 02-01-30   125,000 133,288
Leisure products 0.1%      
Jack Ohio Finance LLC (C) 6.750 11-15-21   155,000 160,425
Specialty retail 0.2%      
Eurotorg LLC (C) 8.750 10-30-22   200,000 197,900
goeasy, Ltd. (C) 7.875 11-01-22   135,000 140,569
PetSmart, Inc. (C) 5.875 06-01-25   75,000 61,477
Staples, Inc. (C) 8.500 09-15-25   120,000 112,650
Textiles, apparel and luxury goods 0.1%      
Eagle Intermediate Global Holding BV (C) 7.500 05-01-25   160,000 156,800
Consumer staples 0.8%     1,481,879
Food products 0.5%      
KazAgro National Management Holding JSC 4.625 05-24-23   200,000 197,156
MARB BondCo PLC (C) 7.000 03-15-24   200,000 189,000
Post Holdings, Inc. (C) 5.000 08-15-26   190,000 179,655
Post Holdings, Inc. (C) 5.625 01-15-28   150,000 144,375
Post Holdings, Inc. (C) 5.750 03-01-27   100,000 98,250
TreeHouse Foods, Inc. 4.875 03-15-22   190,000 190,000
Household products 0.2%      
Diamond BC BV (C) 5.625 08-15-25 EUR 200,000 217,173
SEE NOTES TO FUND'S INVESTMENTS QUARTERLY REPORT | JOHN HANCOCK HEDGED EQUITY & INCOME FUND 13

 

  Rate (%) Maturity date   Par value^ Value
Consumer staples (continued)      
Household products (continued)      
Energizer Gamma Acquisition BV (C) 4.625 07-15-26 EUR 100,000 $120,470
Personal products 0.1%      
Revlon Consumer Products Corp. 6.250 08-01-24   240,000 145,800
Energy 1.9%     3,687,133
Energy equipment and services 0.0%      
Weatherford International, Ltd. 5.950 04-15-42   20,000 14,300
Weatherford International, Ltd. 6.500 08-01-36   45,000 33,863
Weatherford International, Ltd. 7.000 03-15-38   15,000 11,625
Oil, gas and consumable fuels 1.9%      
Blue Racer Midstream LLC (C) 6.125 11-15-22   230,000 236,038
California Resources Corp. (C) 8.000 12-15-22   25,000 23,844
Cheniere Corpus Christi Holdings LLC 5.125 06-30-27   75,000 75,281
Chesapeake Energy Corp. 7.000 10-01-24   120,000 120,000
Chesapeake Energy Corp. 7.500 10-01-26   80,000