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- 4173 | |
John Hancock Investors Trust | |
(Exact name of registrant as specified in charter) | |
601 Congress Street, Boston, Massachusetts 02210 | |
(Address of principal executive offices) (Zip code) | |
Alfred P. Ouellette, Senior Counsel and Assistant Secretary | |
601 Congress Street | |
Boston, Massachusetts 02210 | |
(Name and address of agent for service) | |
Registrant's telephone number, including area code: 617-663-4324 | |
Date of fiscal year end: | October 31 |
Date of reporting period: | January 31, 2009 |
ITEM 1. SCHEDULE OF INVESTMENTS
John Hancock Investors Trust
Securities owned by the Fund on
January 31, 2009 (Unaudited)
Interest | Maturity | Credit | Par value | ||
Issuer, description | rate | date | rating (A) | (000) | Value |
Bonds 70.31% | $81,136,743 | ||||
(Cost $119,520,241) | |||||
Aerospace & Defense 0.16% | 187,500 | ||||
L-3 Communications Corp., | |||||
Gtd Sr Sub Note Ser B (Z) | 6.375% | 10/15/15 | BB+ | $200 | 187,500 |
Airlines 1.55% | 1,784,877 | ||||
Continental Airlines, Inc., | |||||
Pass Thru Ctf Ser 1999-1 Class A (Z) | 6.545 | 02/02/19 | A- | 365 | 310,301 |
Pass Thru Ctf Ser 2000-2 Class B (Z) | 8.307 | 04/02/18 | B+ | 372 | 260,510 |
Pass Thru Ctf Ser 2001-1 Class C (Z) | 7.033 | 06/15/11 | B+ | 150 | 108,093 |
Delta Air Lines, Inc., | |||||
Sec Pass Thru Ctf Ser A (Z) | 6.821 | 08/10/22 | A- | 869 | 599,948 |
Northwest Airlines, Inc., | |||||
Gtd Collateralized Note Ser 2007-1 (Z) | 7.027 | 11/01/19 | BBB+ | 865 | 506,025 |
Aluminum 1.15% | 1,331,700 | ||||
CII Carbon, LLC, | |||||
Gtd Sr Sub Note (S)(Z) | 11.125 | 11/15/15 | CCC+ | 1,930 | 1,331,700 |
Auto Parts & Equipment 0.87% | 1,007,925 | ||||
Allison Transmission, Inc., | |||||
Gtd Sr Note (S)(Z) | 11.000 | 11/01/15 | B- | 1,000 | 555,000 |
Tenneco, Inc., | |||||
Gtd Sr Sub Note (Z) | 8.625 | 11/15/14 | B- | 1,485 | 452,925 |
Broadcasting & Cable TV 2.36% | 2,728,587 | ||||
Canadian Satellite Radio Holdings, Inc., | |||||
Sr Note (G)(Z) | 12.750 | 02/15/14 | CCC+ | 2,000 | 470,000 |
CSC Holdings, Inc., | |||||
Sr Note (S)(Z) | 8.500 | 06/15/15 | BB | 755 | 726,687 |
Shaw Communications, Inc., | |||||
Sr Note (Z) | 8.250 | 04/11/10 | BBB- | 1,000 | 1,005,000 |
Sirius Satellite Radio, Inc., | |||||
Sr Note (Z) | 9.625 | 08/01/13 | CCC- | 520 | 114,400 |
XM Satellite Radio Holdings, Inc., | |||||
Gtd Sr Note (S) | 13.000 | 08/01/13 | CCC- | 1,650 | 412,500 |
Casinos & Gaming 6.93% | 8,001,385 | ||||
Chukchansi Economic Development Authority, | |||||
Sr Note (S)(Z) | 8.000 | 11/15/13 | B+ | 440 | 154,000 |
Downstream Development Authority of the Quapaw | |||||
Tribe of Oklahoma, | |||||
Sr Sec Note (S)(Z) | 12.000 | 10/15/15 | B- | 2,000 | 1,060,000 |
Great Canadian Gaming Corp., | |||||
Gtd Sr Sub Note (S)(Z) | 7.250 | 02/15/15 | BB | 1,000 | 690,000 |
Greektown Holdings, LLC, | |||||
Sr Note (G)(H)(S)(Z) | 10.750 | 12/01/13 | D | 1,000 | 190,000 |
Indianapolis Downs LLC & Capital Corp., | |||||
Sr Sec Note (S)(Z) | 11.000 | 11/01/12 | CCC | 1,395 | 746,325 |
Isle of Capris Casinos, Inc., | |||||
Gtd Sr Sub Note (Z) | 7.000 | 03/01/14 | CCC+ | 505 | 249,975 |
Jacobs Entertainment, Inc., | |||||
Gtd Sr Note (Z) | 9.750 | 06/15/14 | B- | 1,000 | 535,000 |
Little Traverse Bay Bands of Odawa Indians, | |||||
Sr Note (S)(Z) | 10.250 | 02/15/14 | B- | 1,000 | 520,000 |
Page 1 |
John Hancock Investors Trust
Securities owned by the Fund on
January 31, 2009 (Unaudited)
Interest | Maturity | Credit | Par value | ||
Issuer, description | rate | date | rating (A) | (000) | Value |
Casinos & Gaming (continued) | |||||
Mashantucket Western Pequot Tribe, | |||||
Bond (S)(Z) | 5.912% | 09/01/21 | BB- | $275 | $88,085 |
Bond Ser A (S)(Z) | 8.500 | 11/15/15 | BB- | 2,000 | 690,000 |
Mohegan Tribal Gaming Authority, | |||||
Sr Sub Note (Z) | 7.125 | 08/15/14 | CCC+ | 1,000 | 555,000 |
MTR Gaming Group, Inc., | |||||
Gtd Sr Note Ser B (Z) | 9.750 | 04/01/10 | B | 800 | 608,000 |
Gtd Sr Sub Note Ser B (Z) | 9.000 | 06/01/12 | CCC | 350 | 176,750 |
Pinnacle Entertainment, Inc., | |||||
Sr Sub Note (Z) | 7.500 | 06/15/15 | B+ | 1,000 | 725,000 |
Pokagon Gaming Authority, | |||||
Sr Note (S)(Z) | 10.375 | 06/15/14 | B+ | 474 | 414,750 |
Waterford Gaming, LLC, | |||||
Sr Note (S)(Z) | 8.625 | 09/15/14 | BB- | 855 | 598,500 |
Coal & Consumable Fuels 0.73% | 840,000 | ||||
Drummond Co., Inc., | |||||
Sr Note (S)(Z) | 7.375 | 02/15/16 | BB- | 1,500 | 840,000 |
Commodity Chemicals 1.78% | 2,052,100 | ||||
NOVA Chemicals Corp., | |||||
Sr Note Ser MTN (Z) | 7.400 | 04/01/09 | B+ | 1,955 | 1,212,100 |
Sterling Chemicals, Inc., | |||||
Gtd Sr Sec Note (Z) | 10.250 | 04/01/15 | B- | 1,000 | 840,000 |
Computer Hardware 0.33% | 376,200 | ||||
NCR Corp., | |||||
Sr Note (Z) | 7.125 | 06/15/09 | BBB- | 375 | 376,200 |
Construction & Farm Machinery & Heavy Trucks 0.66% | 756,544 | ||||
Manitowoc Co., Inc., | |||||
Gtd Sr Note (Z) | 7.125 | 11/01/13 | BB | 500 | 400,000 |
Trinity Industries, Inc., | |||||
Pass Thru Ctf (S)(Z) | 7.755 | 02/15/09 | Baa1 | 356 | 356,544 |
Consumer Finance 3.85% | 4,444,768 | ||||
CIT Group, Inc., | |||||
Sr Note (Z) | 5.000 | 02/13/14 | BBB+ | 360 | 243,282 |
Ford Motor Credit Co., | |||||
Sr Note (Z) | 7.375 | 10/28/09 | CCC+ | 2,425 | 2,173,542 |
Ford Motor Credit Co., LLC, | |||||
Sr Note (Z) | 9.750 | 09/15/10 | CCC+ | 2,000 | 1,650,706 |
HSBC Finance Capital Trust IX, | |||||
Note (5.911% to 11-30-15 then variable) (Z) | 5.911 | 11/30/35 | A | 700 | 377,238 |
Diversified Banks 1.04% | 1,205,749 | ||||
Barclays Bank PLC, | |||||
Bond (6.860% to 6-15-32 then variable) (S)(Z) | 6.860 | 06/15/32 | A | 1,595 | 507,105 |
Chuo Mitsui Trust & Banking Co. Ltd., | |||||
Jr Sub Note (5.506% to 4-15-15 then variable) (S)(Z) | 5.506 | 04/15/15 | A2 | 905 | 516,032 |
Royal Bank of Scotland Group PLC, | |||||
Jr Sub Bond (7.648% to 9-30-31 then variable) (Z) | 7.648 | 09/30/31 | BB | 630 | 182,612 |
Diversified Commercial & Professional Services 1.48% | 1,712,500 | ||||
Aramark Corp., | |||||
Sr Note (Z) | 8.500 | 02/01/15 | B | 1,000 | 972,500 |
Page 2 |
John Hancock Investors Trust
Securities owned by the Fund on
January 31, 2009 (Unaudited)
Interest | Maturity | Credit | Par value | ||
Issuer, description | rate | date | rating (A) | (000) | Value |
Diversified Commercial & Professional Services (continued) | |||||
MSX International, Inc., | |||||
Gtd Sr Sec Note (S)(Z) | 12.500% | 04/01/12 | B3 | $1,850 | $740,000 |
Diversified Financial Services 1.95% | 2,250,135 | ||||
NB Capital Trust IV, | |||||
Gtd Cap Security (Z) | 8.250 | 04/15/27 | A- | 1,130 | 879,185 |
Odebrecht Finance Ltd., | |||||
Gtd Sr Note (S)(Z) | 7.500 | 10/18/17 | BB | 725 | 659,750 |
Orascom Telecom Finance, | |||||
Gtd Note (S)(Z) | 7.875 | 02/08/14 | CCC+ | 360 | 212,400 |
TAM Capital, Inc., | |||||
Gtd Sr Note (Z) | 7.375 | 04/25/17 | B+ | 860 | 498,800 |
Diversified Metals & Mining 0.94% | 1,081,900 | ||||
Freeport-McMoRan Copper & Gold, Inc., | |||||
Sr Note (Z) | 8.375 | 04/01/17 | BBB- | 220 | 182,600 |
Sr Note (Z) | 6.875 | 02/01/14 | BBB- | 500 | 462,500 |
Vedanta Resources PLC, | |||||
Sr Note (S)(Z) | 6.625 | 02/22/10 | BB | 480 | 436,800 |
Electric Utilities 4.90% | 5,650,533 | ||||
AES Eastern Energy LP, | |||||
Sr Pass Thru Ctf Ser 1999-A (Z) | 9.000 | 01/02/17 | BB+ | 1,057 | 978,886 |
Beaver Valley Funding, | |||||
Sec Lease Obligation Bond (Z) | 9.000 | 06/01/17 | BBB | 828 | 789,721 |
BVPS II Funding Corp., | |||||
Collateralized Lease Bond (Z) | 8.890 | 06/01/17 | BBB | 680 | 691,817 |
CE Generation LLC, | |||||
Sr Sec Note (Z) | 7.416 | 12/15/18 | BB+ | 609 | 547,814 |
Duke Energy Carolinas LLC (Z) | 5.750 | 11/15/13 | A | 1,000 | 1,070,360 |
FPL Energy National Wind, | |||||
Sr Sec Note (S)(Z) | 5.608 | 03/10/24 | BBB- | 311 | 243,147 |
Indiantown Cogeneration LP, | |||||
1st Mtg Note Ser A-9 (Z) | 9.260 | 12/15/10 | BB+ | 204 | 186,624 |
PNPP II Funding Corp., | |||||
Debenture (Z) | 9.120 | 05/30/16 | BBB | 376 | 390,587 |
Texas Competitive Electric Holdings Co. LLC, | |||||
Sec Bond (Z) | 7.460 | 01/01/15 | CCC | 370 | 294,955 |
Waterford 3 Funding Corp., | |||||
Sec Lease Obligation Bond (Z) | 8.090 | 01/02/17 | BBB | 465 | 456,622 |
Electrical Components & Equipment 0.67% | 768,714 | ||||
Thomas & Betts Corp., | |||||
Sr Note (Z) | 7.250 | 06/01/13 | BBB | 745 | 768,714 |
Environmental & Facilities Services 0.40% | 462,000 | ||||
Waste Services, Inc., | |||||
Sr Sub Note (Z) | 9.500 | 04/15/14 | B- | 600 | 462,000 |
Food Distributors 0.90% | 1,036,350 | ||||
Independencia International Ltd., | |||||
Gtd Sr Bond (S)(Z) | 9.875 | 01/31/17 | B | 1,280 | 806,400 |
Gtd Sr Note (S)(Z) | 9.875 | 05/15/15 | B | 365 | 229,950 |
Page 3 |
John Hancock Investors Trust
Securities owned by the Fund on
January 31, 2009 (Unaudited)
Interest | Maturity | Credit | Par value | ||
Issuer, description | rate | date | rating (A) | (000) | Value |
Health Care Distributors 0.82% | $952,397 | ||||
Covidien International Finance SA, | |||||
Gtd Sr Note (Z) | 5.450% | 10/15/12 | A- | $945 | 952,397 |
Health Care Facilities 0.84% | 975,000 | ||||
Hanger Orthopedic Group, Inc., | |||||
Gtd Sr Note (Z) | 10.250 | 06/01/14 | CCC+ | 1,000 | 975,000 |
Household Products 0.19% | 220,800 | ||||
Yankee Acquisition Corp., | |||||
Gtd Sr Sub Note (Z) | 8.500 | 02/15/15 | B- | 460 | 220,800 |
Independent Power Producers & Energy Traders 0.27% | 313,425 | ||||
IPALCO Enterprises, Inc., | |||||
Sr Sec Note (Z) | 8.625 | 11/14/11 | BB | 315 | 313,425 |
Industrial Conglomerates 0.66% | 760,229 | ||||
Hutchison Whampoa International Ltd., | |||||
Gtd Sr Note (S)(Z) | 6.500 | 02/13/13 | A- | 750 | 760,229 |
Industrial Machinery 0.46% | 530,080 | ||||
Ingersoll-Rand Global Holding Co., Ltd., | |||||
Gtd Note (Z) | 6.000 | 08/15/13 | BBB+ | 545 | 530,080 |
Integrated Oil & Gas 1.76% | 2,029,517 | ||||
ConocoPhillips Co., | |||||
Gtd Note (Z) | 4.400 | 05/15/13 | A | 1,000 | 1,015,147 |
Petro-Canada, | |||||
Debenture (Z) | 9.250 | 10/15/21 | BBB | 1,000 | 1,014,370 |
Integrated Telecommunication Services 4.19% | 4,834,950 | ||||
Axtel SAB de CV, | |||||
Sr Note (S)(Z) | 7.625 | 02/01/17 | BB- | 810 | 526,500 |
Bellsouth Corp., | |||||
Debenture (Z) | 6.300 | 12/15/15 | A | 790 | 819,838 |
Cincinnati Bell, Inc., | |||||
Gtd Sr Sub Note (Z) | 8.375 | 01/15/14 | B- | 1,500 | 1,342,500 |
Citizens Communications Co., | |||||
Sr Note (Z) | 7.125 | 03/15/19 | BB | 530 | 452,487 |
Qwest Capital Funding, Inc., | |||||
Gtd Note (Z) | 7.000 | 08/03/09 | B+ | 1,700 | 1,693,625 |
Investment Banking & Brokerage 1.47% | 1,692,449 | ||||
Merrill Lynch & Co., Inc., | |||||
MTN (Z) | 6.150 | 04/25/13 | A+ | 1,000 | 965,032 |
Mizuho Financial Group, Ltd., | |||||
Gtd Sub Bond (Z) | 8.375 | 12/29/49 | Aa3 | 750 | 727,417 |
IT Consulting & Other Services 0.55% | 630,000 | ||||
Unisys Corp., | |||||
Sr Note (Z) | 6.875 | 03/15/10 | B+ | 1,000 | 630,000 |
Life & Health Insurance 0.22% | 256,308 | ||||
Symetra Financial Corp., | |||||
Jr Sub Bond (8.300% to 10-15-17 then variable) | |||||
(S)(Z) | 8.300 | 10/15/37 | BB+ | 520 | 256,308 |
Page 4 |
John Hancock Investors Trust
Securities owned by the Fund on
January 31, 2009 (Unaudited)
Interest | Maturity | Credit | Par value | ||
Issuer, description | rate | date | rating (A) | (000) | Value |
Marine 1.27% | $1,462,500 | ||||
Navios Maritime Holdings, Inc., | |||||
Sr Note (Z) | 9.500% | 12/15/14 | B+ | $2,500 | 1,462,500 |
Metal & Glass Containers 1.28% | 1,473,575 | ||||
BWAY Corp., | |||||
Gtd Sr Sub Note (Z) | 10.000 | 10/15/10 | B- | 1,085 | 971,075 |
Owens-Brockway Glass Container, Inc., | |||||
Gtd Sr Note (Z) | 8.250 | 05/15/13 | BB+ | 500 | 502,500 |
Multi-Line Insurance 1.35% | 1,556,534 | ||||
Liberty Mutual Group, | |||||
Bond (S)(Z) | 7.500 | 08/15/36 | BBB- | 515 | 339,343 |
Gtd Bond (S)(Z) | 7.300 | 06/15/14 | BBB- | 750 | 617,191 |
Sr Note (10.75% to 6-15-38, then variable) (S)(Z) | 10.750 | 06/15/58 | BB | 1,000 | 600,000 |
Multi-Media 1.67% | 1,927,176 | ||||
News America Holdings, Inc., | |||||
Gtd Note (Z) | 7.750 | 01/20/24 | BBB+ | 980 | 929,084 |
Gtd Note (Z) | 7.600 | 10/11/15 | BBB+ | 1,000 | 998,092 |
Multi-Utilities 0.48% | 556,229 | ||||
CalEnergy Co., Inc., | |||||
Sr Bond (Z) | 8.480 | 09/15/28 | BBB+ | 525 | 556,229 |
Oil & Gas Drilling 0.98% | 1,129,800 | ||||
Delek & Avner Yam Tethys Ltd., | |||||
Sr Sec Note (S)(Z) | 5.326 | 08/01/13 | BBB- | 209 | 189,800 |
Gazprom, | |||||
Loan Part Note (S)(Z) | 9.625 | 03/01/13 | BBB | 1,000 | 940,000 |
Oil & Gas Exploration & Production 0.91% | 1,053,464 | ||||
Devon Energy Corp., | |||||
Sr Note (Z) | 5.625 | 01/15/14 | BBB+ | 1,035 | 1,053,464 |
Oil & Gas Storage & Transportation 1.31% | 1,514,115 | ||||
Atlas Pipeline Partners LP, | |||||
Gtd Sr Note (Z) | 8.125 | 12/15/15 | B- | 140 | 95,200 |
Copano Energy LLC, | |||||
Gtd Sr Note (Z) | 8.125 | 03/01/16 | B+ | 250 | 205,000 |
Markwest Energy Partners LP, | |||||
Gtd Sr Note Ser B (Z) | 8.500 | 07/15/16 | B+ | 500 | 366,250 |
Sr Note (Z) | 8.750 | 04/15/18 | B+ | 500 | 358,750 |
NGPL PipeCo LLC, | |||||
Sr Note (S)(Z) | 7.119 | 12/15/17 | BBB- | 525 | 488,915 |
Packaged Foods & Meats 0.88% | 1,014,800 | ||||
ASG Consolidated LLC/ASG Finance, Inc., | |||||
Sr Disc Note (Z) | 11.500 | 11/01/11 | B+ | 1,180 | 1,014,800 |
Paper Packaging 2.77% | 3,192,125 | ||||
Graphic Packaging International, Inc., | |||||
Gtd Sr Note (Z) | 8.500 | 08/15/11 | B- | 1,000 | 880,000 |
Sr Sub Note (Z) | 9.500 | 08/15/13 | B- | 2,500 | 1,900,000 |
Smurfit-Stone Container Corp., | |||||
Sr Note (H)(Z) | 8.375 | 07/01/12 | D | 2,000 | 210,000 |
Page 5 |
John Hancock Investors Trust
Securities owned by the Fund on
January 31, 2009 (Unaudited)
Interest | Maturity | Credit | Par value | ||
Issuer, description | rate | date | rating (A) | (000) | Value |
Paper Packaging (continued) | |||||
Sr Note (H)(Z) | 8.000% | 03/15/17 | D | $1,925 | $202,125 |
Publishing 0.82% | 949,465 | ||||
Dex Media West LLC, | |||||
Sr Sub Note (Z) | 9.875 | 08/15/13 | B+ | 1,891 | 548,390 |
Idearc, Inc., | |||||
Gtd Sr Note (Z) | 8.000 | 11/15/16 | CCC | 2,000 | 62,500 |
Quebecor Media, Inc., | |||||
Sr Note (Z) | 7.750 | 03/15/16 | B | 95 | 74,575 |
Videotron Ltd., | |||||
Sr Note (Z) | 6.375 | 12/15/15 | BB- | 300 | 264,000 |
Railroads 0.87% | 998,833 | ||||
CSX Corp., | |||||
Sr Note (Z) | 6.300 | 03/15/12 | BBB- | 1,000 | 998,833 |
Real Estate Management & Development 0.54% | 625,338 | ||||
Health Care Realty Trust, Inc., | |||||
Sr Note (Z) | 8.125 | 05/01/11 | BBB- | 165 | 152,255 |
Health Care REIT, Inc., | |||||
Sr Note (Z) | 6.200 | 06/01/16 | BBB- | 345 | 259,333 |
Ventas Realty LP/Capital Corp., | |||||
Sr Note (Z) | 6.625 | 10/15/14 | BBB- | 250 | 213,750 |
Restaurants 1.38% | 1,590,775 | ||||
Landry's Restaurants, Inc., | |||||
Gtd Sr Note Ser B (Z) | 9.500 | 12/15/14 | CCC+ | 1,615 | 1,590,775 |
Semiconductors 0.38% | 440,000 | ||||
Freescale Semiconductor, Inc., | |||||
Gtd Sr Note (Z) | 8.875 | 12/15/14 | CCC | 2,000 | 440,000 |
Specialized Finance 2.29% | 2,643,497 | ||||
Astoria Depositor Corp., | |||||
Pass Thru Ctf Ser B (G)(S)(Z) | 8.144 | 05/01/21 | BB | 750 | 601,172 |
Bosphorous Financial Services, | |||||
Sec Floating Rate Note (P)(S)(Z) | 3.949 | 02/15/12 | Baa2 | 406 | 346,964 |
CCM Merger, Inc., | |||||
Note (S)(Z) | 8.000 | 08/01/13 | CCC | 2,500 | 1,050,000 |
ESI Tractebel Acquisition Corp., | |||||
Gtd Sec Bond Ser B (Z) | 7.990 | 12/30/11 | BB | 646 | 627,911 |
HRP Myrtle Beach Operations, LLC, | |||||
Sr Note (G)(H)(P)(S)(Z) | Zero | 04/01/12 | D | 1,745 | 17,450 |
Specialized REITs 0.24% | 274,364 | ||||
Plum Creek Timberlands LP, | |||||
Gtd Note (Z) | 5.875 | 11/15/15 | BBB- | 345 | 274,364 |
Specialty Chemicals 1.08% | 1,244,600 | ||||
American Pacific Corp., | |||||
Gtd Sr Note (Z) | 9.000 | 02/01/15 | B+ | 565 | 474,600 |
Momentive Performance, | |||||
Gtd Sr Note (Z) | 9.750 | 12/01/14 | B- | 1,750 | 770,000 |
Page 6 |
John Hancock Investors Trust
Securities owned by the Fund on
January 31, 2009 (Unaudited)
Interest | Maturity | Credit | Par value | ||
Issuer, description | rate | date | rating (A) | (000) | Value |
Specialty Stores 0.46% | $531,791 | ||||
Staples, Inc., | |||||
Sr Note (Z) | 9.750% | 01/15/14 | BBB | $500 | 531,791 |
Steel 1.53% | 1,769,540 | ||||
Allegheny Technologies, Inc., | |||||
Sr Note (Z) | 8.375 | 12/15/11 | BBB- | 545 | 519,540 |
Ryerson, Inc., | |||||
Sr Sec Note (S)(Z) | 12.250 | 11/01/15 | B | 2,000 | 1,250,000 |
Wireless Telecommunication Services 3.74% | 4,313,600 | ||||
Centennial Communications Corp., | |||||
Sr Note (Z) | 10.000 | 01/01/13 | CCC+ | 500 | 527,500 |
Crown Castle Towers LLC, | |||||
Sub Bond Ser 2005-1A Class D (S)(Z) | 5.612 | 06/15/35 | Baa2 | 655 | 458,500 |
Sprint Capital Corp., | |||||
Gtd Sr Note (Z) | 8.375 | 03/15/12 | BB | 1,970 | 1,576,000 |
Gtd Sr Note (Z) | 6.900 | 05/01/19 | BB | 1,000 | 670,000 |
Verizon Wireless, | |||||
Sr Note (S)(Z) | 7.375 | 11/15/13 | A | 1,000 | 1,081,600 |
Credit | |||||
Issuer, description | rating (A) | Shares | Value | ||
Preferred Stocks 0.64% | $741,200 | ||||
(Cost $1,002,026) | |||||
Real Estate Investment Trusts 0.64% | 741,200 | ||||
Public Storage REIT, Inc., 6.50%, | |||||
Depositary Shares, Ser W (Z) | BBB | 40,000 | 741,200 |
Interest | Maturity | Credit | Par value | ||
Issuer, description | rate | date | rating (A) | (000) | Value |
Tranche loans 0.13% | $143,850 | ||||
(Cost $210,000) | |||||
Health Care Supplies 0.13% | 143,850 | ||||
IM US Holdings LLC, | |||||
Tranche (Second Lien Facility) (P) | 6.140% | 06/26/15 | B- | $210 | 143,850 |
Interest | Maturity | Credit | Par value | ||
State, issuer, description | rate | date | rating (A) | (000) | Value |
U.S. Government & agency securities 61.40% | $70,852,301 | ||||
(Cost $69,032,187) | |||||
U.S. Government Agency 61.40% | 70,852,301 | ||||
Federal Home Loan Mortgage Corp., | |||||
30 Yr Pass Thru Ctf (Z) | 11.250% | 01/01/16 | AAA | $11 | 12,093 |
30 Yr Pass Thru Ctf (Z) | 6.000 | 08/01/37 | AAA | 1,591 | 1,647,764 |
Federal National Mortgage Assn., | |||||
15 Yr Pass Thru Ctf (Z) | 7.000 | 09/01/10 | AAA | 6 | 6,546 |
15 Yr Pass Thru Ctf (Z) | 7.000 | 10/01/12 | AAA | 6 | 6,675 |
15 Yr Pass Thru Ctf (Z) | 7.000 | 04/01/17 | AAA | 24 | 25,248 |
15 Yr Pass Thru Ctf (Z) | 6.000 | 05/01/21 | AAA | 2,095 | 2,183,269 |
30 Yr Pass Thru Ctf (Z) | 6.500 | 09/01/36 | AAA | 2,000 | 2,085,547 |
30 Yr Pass Thru Ctf (Z) | 6.000 | 05/01/35 | AAA | 2,802 | 2,900,492 |
Page 7 |
John Hancock Investors Trust
Securities owned by the Fund on
January 31, 2009 (Unaudited)
Interest | Maturity | Credit | Par value | ||
State, issuer, description | rate | date | rating (A) | (000) | Value |
U.S. Government Agency (continued) | |||||
30 Yr Pass Thru Ctf (Z) | 6.000% | 08/01/36 | AAA | $3,456 | $3,565,931 |
30 Yr Pass Thru Ctf (Z) | 6.000 | 09/01/36 | AAA | 8,347 | 8,612,966 |
30 Yr Pass Thru Ctf (Z) | 6.000 | 11/01/36 | AAA | 5,085 | 5,246,700 |
30 Yr Pass Thru Ctf (Z) | 5.500 | 01/01/37 | AAA | 18,740 | 19,197,455 |
30 Yr Pass Thru Ctf (Z) | 5.500 | 12/01/37 | AAA | 1,585 | 1,624,130 |
30 Yr Pass Thru Ctf (Z) | 5.500 | 07/01/38 | AAA | 8,275 | 8,477,112 |
30 Yr Pass Thru Ctf | 5.500 | 10/01/38 | AAA | 10,962 | 11,229,657 |
30 Yr Pass Thru Ctf (Z) | 4.500 | 02/15/39 | AAA | 2,000 | 2,012,500 |
Note (Z) | 6.000 | 05/30/25 | AAA | 1,652 | 1,641,905 |
Government National Mortgage Assn., | |||||
30 Yr Pass Thru Ctf (Z) | 10.000 | 11/15/20 | AAA | 6 | 7,055 |
30 Yr Pass Thru Ctf (Z) | 9.500 | 01/15/21 | AAA | 4 | 4,415 |
30 Yr Pass Thru Ctf (Z) | 9.500 | 02/15/25 | AAA | 12 | 13,716 |
Small Business Administration CMBS Trust, | |||||
Sub Bond Ser 2005-1A Class D (S)(Z) | 6.219 | 11/15/35 | Baa2 | 225 | 190,125 |
Sub Bond Ser 2005-1A Class E (S)(Z) | 6.706 | 11/15/35 | Baa3 | 200 | 161,000 |
Interest | Maturity | Credit | Par value | ||
Issuer, description | rate | date | rating (A) | (000) | Value |
Collateralized mortgage obligations 12.88% | $14,866,564 | ||||
(Cost $25,450,381) | |||||
Collateralized Mortgage Obligations 12.88% | 14,866,564 | ||||
American Home Mortgage Assets, | |||||
Mtg Pass Thru Ctf Ser 2006-6 Class XP IO (Z) | 2.488% | 12/25/46 | BBB | $12,790 | 391,679 |
American Home Mortgage Investment Trust, | |||||
Mtg Pass Thru Ctf Ser 2007-1 Class GIOP IO (Z) | 2.078 | 05/25/47 | AAA | 7,733 | 403,544 |
Banc of America Funding Corp., | |||||
Mtg Pass Thru Ctf Ser 2006-B Class 6A1 (P)(Z) | 5.886 | 03/20/36 | A | 914 | 535,864 |
Mtg Pass Thru Ctf Ser 2006-D Class 6B2 (P)(Z) | 5.928 | 05/20/36 | CCC | 1,759 | 607,126 |
Bear Stearns Alt-A Trust, | |||||
Mtg Pass Thru Ctf Ser 2005-3 Class B2 (P)(Z) | 5.395 | 04/25/35 | AA+ | 405 | 68,312 |
Mtg Pass Thru Ctf Ser 2006-4 Class 3B1 (P)(Z) | 6.250 | 07/25/36 | CCC | 2,462 | 110,667 |
Citigroup Mortgage Loan Trust, Inc., | |||||
Mtg Pass Thru Ctf Ser 2005-5 Class 2A3 (Z) | 5.000 | 08/25/35 | AAA | 409 | 337,025 |
ContiMortgage Home Equity Loan Trust, | |||||
Mtg Pass Thru Ctf Ser 1995-2 Class A-5 (Z) | 8.100 | 08/15/25 | CCC | 58 | 49,487 |
Countrywide Alternative Loan Trust, | |||||
Mtg Pass Thru Ctf Ser 2005-59 Class 2X IO (Z) | 3.188 | 11/20/35 | AAA | 7,290 | 214,155 |
Mtg Pass Thru Ctf Ser 2006-0A12 Class X IO (Z) | 4.821 | 09/20/46 | AAA | 58,333 | 2,178,389 |
Mtg Pass Thru Ctf Ser 2006-11CB Class 3A1 (Z) | 6.500 | 05/25/36 | A3 | 2,708 | 1,490,962 |
Crown Castle Towers LLC, | |||||
Mtg Pass Thru Ctf Ser 2006-1A Class G (S)(Z) | 6.795 | 11/15/36 | Ba2 | 1,000 | 790,623 |
DB Master Finance LLC, | |||||
Mtg Pass Thru Ctf Ser 2006-1-M1 (S)(Z) | 8.285 | 06/20/31 | BB | 1,000 | 603,830 |
Dominos Pizza Master Issuer LLC, | |||||
Mtg Pass Thru Ctf Ser 2007-1-M1 (S)(Z) | 7.629 | 04/25/37 | BB | 1,000 | 400,000 |
DSLA Mortgage Loan Trust, | |||||
Mtg Pass Thru Ctf Ser 2005-AR5 Class X2 IO (Z) | 3.484 | 08/19/45 | AAA | 23,365 | 554,914 |
First Horizon Alternative Mortgage Securities, | |||||
Mtg Pass Thru Ctf Ser 2004-AA5 Class B1 (P)(Z) | 5.217 | 12/25/34 | AA | 261 | 25,347 |
Mtg Pass Thru Ctf Ser 2006-AA2 Class B1 (G)(P) | |||||
(Z) | 6.128 | 05/25/36 | C | 249 | 13,774 |
Page 8 |
John Hancock Investors Trust
Securities owned by the Fund on
January 31, 2009 (Unaudited)
Interest | Maturity | Credit | Par value | ||
Issuer, description | rate | date | rating (A) | (000) | Value |
Collateralized Mortgage Obligations (continued) | |||||
Global Tower Partners Acquisition Partners, LLC, | |||||
Mtg Pass Thru Ctf Sub Bond Ser 2007-1A-G (S)(Z) | 7.874% | 05/15/37 | B2 | $360 | $260,072 |
GSR Mortgage Loan Trust, | |||||
Mtg Pass Thru Ctf Ser 2004-9 Class B1 (G)(P)(Z) | 4.581 | 08/25/34 | AA | 805 | 294,770 |
Mtg Pass Thru Ctf Ser 2006-4F Class 6A1 (Z) | 6.500 | 05/25/36 | BB | 3,472 | 2,053,715 |
HarborView Mortgage Loan Trust, | |||||
Mtg Pass Thru Ctf Ser 2005-8 Class 1X IO (Z) | 3.684 | 09/19/35 | AAA | 6,758 | 114,037 |
Mtg Pass Thru Ctf Ser 2007-3 Class ES IO (G)(Z) | 0.350 | 05/19/47 | AAA | 14,929 | 83,977 |
Mtg Pass Thru Ctf Ser 2007-4 Class ES IO (G)(Z) | 0.350 | 07/19/47 | AAA | 14,930 | 88,650 |
Mtg Pass Thru Ctf Ser 2007-6 Class ES IO | |||||
(G)(S)(Z) | 0.343 | 08/19/37 | BB | 10,687 | 60,116 |
Harborview NIM Corp., | |||||
Mtg Pass Thru Ctf Ser 2006-9A Class N2 (G)(S)(Z) | 8.350 | 11/19/36 | AAA | 311 | 778 |
Indymac Index Mortgage Loan Trust, | |||||
Mtg Pass Thru Ctf Ser 2004-AR13 Class B1 (Z) | 5.296 | 01/25/35 | AA | 321 | 65,517 |
Mtg Pass Thru Ctf Ser 2005-AR18 Class 1X IO (Z) | 3.914 | 10/25/36 | AAA | 13,847 | 207,712 |
Mtg Pass Thru Ctf Ser 2005-AR18 Class 2X IO (Z) | 3.594 | 10/25/36 | AAA | 13,730 | 171,630 |
Mtg Pass Thru Ctf Ser 2005-AR5 Class B1 (P)(Z) | 5.368 | 05/25/35 | AA | 427 | 40,858 |
Luminent Mortgage Trust, | |||||
Mtg Pass Thru Ctf Ser 2006-1 Class X IO (Z) | 4.098 | 04/25/36 | AAA | 21,054 | 342,122 |
Merrill Lynch Mortgage Investors Trust, | |||||
Mtg Pass Thru Ctf Ser 2006-AF1 Class MF1 (P)(Z) | 6.158 | 08/25/36 | CCC | 1,222 | 213,622 |
Provident Funding Mortgage Loan Trust, | |||||
Mtg Pass Thru Ctf Ser 2005-1 Class B1 (P)(Z) | 4.775 | 05/25/35 | AA | 379 | 86,741 |
Washington Mutual, Inc., | |||||
Mtg Pass Thru Ctf Ser 2005-6 Class 1CB (Z) | 6.500 | 08/25/35 | AAA | 415 | 286,839 |
Mtg Pass Thru Ctf Ser 2005-AR4 Class B1 (Z) | 4.668 | 04/25/35 | AA | 1,452 | 636,341 |
Mtg Pass Thru Ctf Ser 2007-0A4 Class XPPP IO (Z)1.154 | 04/25/47 | Aaa | 18,194 | 139,296 | |
Mtg Pass Thru Ctf Ser 2007-0A5 Class 1XPP IO (Z) 1.221 | 06/25/47 | Aaa | 41,829 | 366,002 | |
Mtg Pass Thru Ctf Ser 2007-0A5 Class 2XPP IO (Z) 1.538 | 06/25/47 | AAA | 49,608 | 372,061 | |
Mtg Pass Thru Ctf Ser 2007-0A6 Class 1XPP IO (Z) 1.166 | 07/25/47 | Aaa | 24,416 | 206,010 | |
Asset backed securities 0.61% | $696,894 | ||||
(Cost $755,000) | |||||
Asset Backed Securities 0.61% | 696,894 | ||||
Global Signal Trust, | |||||
Sub Bond Ser 2004-2A Class D (P)(S)(Z) | 5.093% | 12/15/14 | Baa2 | $385 | 371,525 |
Sub Bond Ser 2006-1 Class E (P)(S)(Z) | 6.495 | 02/15/36 | Baa3 | 370 | 325,369 |
Interest | Maturity | Credit | Par value | ||
Issuer, description | rate | date | rating (A) | (000) | Value |
Short-term investments 2.25% | $2,597,119 | ||||
(Cost $2,597,567) | |||||
U.S. Government Agency 2.25% | 2,597,119 | ||||
U.S. Treasury Bill, | |||||
Discount Note (Z) | Zero | 06/25/09 | AAA | $2,600 | 2,597,119 |
Page 9 |
John Hancock Investors Trust
Securities owned by the Fund on
January 31, 2009 (Unaudited)
Total investments (Cost $218,567,419) 148.22% | $171,034,671 |
Other assets and liabilities, net (48.22%) | ($55,639,840) |
Total net assets 100.00% | $115,394,831 |
The percentage shown for each investment category is
the total value of the category as a percentage of the net
assets of the Fund.
IO Interest only (carries notional principal amount)
MTN Medium-Term Note
REIT Real Estate Investment Trust
(A) Credit ratings are unaudited and are rated by Moodys Investors Service where Standard & Poors ratings are not available unless indicated otherwise.
(G) Security rated internally by John Hancock Advisers, LLC.
(H) Non-income-producing issuer filed for protection under the Federal Bankruptcy Code or is in default of interest payment.
(P) Variable rate obligation. The coupon rate shown represents the rate at period end.
(S) These securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. Rule 144A securities amounted to $26,413,085 or 22.89% of the net assets of the Fund as of January 31, 2009.
(Z) All or a portion of this security is segregated as collateral for the Revolving Credit Agreement. Total collateral value at January 31, 2009 was $288,677,223.
At January 31, 2009, the aggregate cost of investment securities for federal income tax purposes was $219,084,178. Net unrealized depreciation aggregated $48,049,507, of which $4,196,722 related to appreciated investment securities and $52,246,229 related to depreciated investment securities.
The Fund had the following interest rate swap contract open on January 31, 2009:
RATE TYPE | |||||
FIXED | VARIABLE | ||||
PAYMENTS | PAYMENTS | ||||
NOTIONAL | MADE BY | RECEIVED BY | TERMINATION | UNREALIZED | |
AMOUNT | FUND | FUND | DATE | COUNTERPARTY | DEPRECIATION |
$28,000,000 | 4.6875% | 3-month LIBOR (a) | Sep 2010 | Bank of America | ($1,818,407) |
(a) At January 31, 2009, the 3-month LIBOR rate was 1.184%.
Page 10 |
Notes to portfolio of investments
Security valuation
Investments are stated at value as of the close of the regular trading on New York Stock Exchange (NYSE), normally at 4:00 p.m., Eastern Time. Equity securities held by the Fund are valued at the last sale price or official closing price (closing bid price or last evaluated price if no sale has occurred) as of the close of business on the principal securities exchange (domestic or foreign) on which they trade. Debt obligations are valued based on the evaluated prices provided by an independent pricing service, which utilizes both dealer-supplied and electronic data processing techniques, which take into account factors such as institutional-size trading in similar groups of securities, yield, quality, coupon rate, maturity, type of issue, trading characteristics and other market data. Securities traded only in the over-the-counter market are valued at the last bid price quoted by brokers making markets in the securities at the close of trading. Equity and debt obligations, for which there are no prices available from an independent pricing service, are value based on broker quotes or fair valued as described below. Short-term debt investments that have a remaining maturity of 60 days or less are valued at amortized cost, and thereafter assume a constant amortization to maturity of any discount or premium, which approximates market value.
Other portfolio securities and assets for which market quotations are not readily available are valued at fair value as determined in good faith by the Trusts Pricing Committee in accordance with procedures adopted by the Board of Trustees. Generally, trading in non-U.S. securities is substantially completed each day at various times prior to the close of trading on the NYSE. The values of such securities used in computing the net asset value of the Funds shares are generally determined as of such times. Occasionally, significant events that affect the values of such securities may occur between the times at which such values are generally determined and the close of the NYSE. Upon such an occurrence, these securities will be valued at fair value as determined in good faith under consistently applied procedures established by and under the general supervision of the Board of Trustees. Debt securities whose prices cannot be provided by an independent pricing service are valued at prices provided by broker-dealers.
Valuations change in response to many factors including the historical and prospective earnings of the issuer, the value of the issuers assets, general economic conditions, interest rates, investor perceptions and market liquidity.
The Fund is subject to the provisions of Statement of Financial Accounting Standards No. 157 (FAS 157). FAS 157 established a three-tier hierarchy to prioritize the assumptions, referred to as inputs, used in valuation techniques to measure fair value. The three-tier hierarchy of inputs is summarized in the three broad levels listed below:
Level 1 Quoted prices in active markets for identical securities.
Level 2 Prices determined using other significant observable inputs. Observable inputs are inputs that other market participants would use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others.
Level 3 Prices determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable, such as when there is little or no market activity for an investment, unobservable inputs may be used. Unobservable inputs reflect the Funds own assumptions about the factors that market participants would use in pricing an investment and would be based on the best information available.
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
11 |
The following is a summary of the inputs used to value the Funds net assets as of January 31, 2009:
Investments in | Other Financial | ||
Valuation Inputs | Securities | Instruments* | |
Level 1 Quoted Prices | $741,200 | - | |
Level 2 Other Significant Observable Inputs | 162,893,157 | ($1,818,407) | |
Level 3 Significant Unobservable Inputs | 7,400,314 | - | |
Total | $171,034,671 | ($1,818,407) |
* Other financial instruments are derivative instruments not reflected in the Fund of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the instrument.
The following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:
Investments in | Other Financial | ||
Securities | Instruments | ||
Balance as of October 31, 2008 | $8,643,566 | - | |
Accrued discounts/premiums | - | - | |
Realized gain (loss) | 5 | - | |
Change in unrealized appreciation | (1,056,317) | - | |
(depreciation) | |||
Net purchases (sales) | (667,050) | - | |
Transfers in and/or out of Level 3 | 480,110 | - | |
Balance as of January 31, 2009 | $7,400,314 | - |
Swap contracts
The Fund may enter into interest rate, credit default, cross- currency, and other forms of swap transactions to manage its exposure to credit, currency and interest rate risks or to enhance the Funds income. Swap agreements are privately negotiated agreements between a Fund and a counterparty to exchange investment cash flows, assets, foreign currencies or market-linked returns at specified, future intervals.
Swaps are marked to market daily based upon values from third party vendors or quotations from market makers to the extent available and the change in value, if any, is recorded as an unrealized appreciation/depreciation of swap contracts on the Statements of Assets and Liabilities. In the event that market quotations are not readily available or deemed reliable, certain swap agreements may be valued at fair value as determined in good faith by the Trusts Pricing Committee in accordance with procedures adopted by the Board of Trustees.
Entering into swap agreements involves, to varying degrees, elements of credit, market and documentation risk in excess of the amounts recognized on the Statements of Assets and Liabilities. Such risks involve the possibility that there will be no liquid market for these agreements, that the counterparty to the agreements may default on its obligation to perform or disagree as to the meaning of contractual terms in the agreements and that there may be unfavorable changes in interest rates. The Fund may also suffer losses if it is unable to terminate outstanding swap contracts or reduce its exposure through offsetting transactions.
Certain Portfolios are parties to International Swap Dealers Association, Inc. Master Agreements (ISDA Master Agreements) with select counterparties that govern over the counter derivative transactions, which may include foreign exchange derivative transactions, entered into by the Portfolios and those counterparties. The ISDA Master Agreements typically include standard representations and warranties as well as provisions outlining the general obligations of the
12 |
Portfolios and counterparties relating to collateral, events of default, termination events and other standard provisions. Termination events may include a decline in a Portfolios net asset value below a certain point over a certain period of time that is specified in the Schedule to the ISDA Master Agreement; such an event may entitle counterparties to elect to terminate early and calculate damages based on that termination with respect to some or all outstanding transactions under the applicable damage calculation provisions of the ISDA Master Agreement. An election by one or more counterparties to terminate ISDA Master Agreements could have a material impact on the financial statements of the Portfolios. Due to declines in net assets of certain Portfolios during the year ended January 31, 2009, one or more counterparties currently may be entitled to terminate early but none has elected to take such action. The Schedule to the ISDA Master Agreements may give counterparties the right to require that the Portfolios post additional collateral as opposed to giving the counterparties the right to terminate the ISDA Master Agreement.
Interest Rate Swap Agreements
Interest rate swaps represent an agreement between two counterparties to exchange cash flows based on the difference in the two interest rates, applied to the notional principal amount for a specified period. The payment flows are usually netted against each other, with the difference being paid by one party to the other. The Fund settles accrued net receivable or payable under the swap contracts on a periodic basis.
Risks and uncertainties
Concentration risk
The Funds may concentrate investments in a particular industry, sector of the economy or invest in a limited number of companies. Accordingly, the concentration may make the Funds value more volatile and investment values may rise and fall more rapidly. In addition, a fund with a concentration is particularly susceptible to the impact of market, economic, regulatory and other factors affecting the specific concentration.
Derivatives and counterparty risk
The use of derivative instruments may involve risk different from, or potentially greater than, the risks associated with investing directly in securities. Specifically, derivative instruments expose a fund to the risk that the counterparty to an over-the-counter (OTC) derivatives contract will be unable or unwilling to make timely settlement payments or otherwise to honor its obligations. OTC derivatives transactions typically can only be closed out with the other party to the transaction. If the counterparty defaults, the fund will have contractual remedies, but there is no assurance that the counterparty will meet its contractual obligations of that, in the event of default, the fund will succeed in enforcing them.
Fixed income risk
Fixed income securities are subject to credit and interest rate risk and involve some risk of default in connection with principal and interest payments.
Mortgage security risk
The Fund may invest a portion of its assets in issuers and/or securities of issuers that hold mortgage securities, including subprime mortgage securities. The value of these securities is sensitive to changes in economic conditions, including delinquencies and/or defaults, and may be adversely affected by shifts in the markets perception of the issuers and changes in interest rates. Decreases in interest rates may cause prepayments on underlying mortgages to an IO security to accelerate resulting in a lower than anticipated yield and increases the risk of loss on the IO investment.
Leverage utilization risk
The Fund utilizes leverage to increase assets available for investment.
13 |
ITEM 2. CONTROLS AND PROCEDURES.
(a) Based upon their evaluation of the registrant's disclosure controls and procedures as conducted within 90 days of the filing date of this Form N-Q, the registrant's principal executive officer and principal accounting officer have concluded that those disclosure controls and procedures provide reasonable assurance that the material information required to be disclosed by the registrant on this report is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms.
(b) There were no changes in the registrant's internal control over financial reporting that occurred during the registrant's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.
ITEM 3. EXHIBITS.
Separate certifications for the registrant's principal executive officer and principal accounting officer, as required by Rule 30a-2(a) under the Investment Company Act of 1940, are attached.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
John Hancock Investors Trust
By: /s/ Keith F. Hartstein
-------------------------------------
Keith F. Hartstein
President and Chief Executive Officer
Date: March 20, 2009
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By: /s/ Keith F. Hartstein
-------------------------------------
Keith F. Hartstein
President and Chief Executive Officer
Date: March 20, 2009
By: /s/ Charles A. Rizzo
-------------------------------------
Charles A. Rizzo
Chief Financial Officer
Date: March 20, 2009