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John Hancock Sovereign Bond Fund – ‘N-30D’ for 11/30/99

On: Friday, 1/28/00 · For: 11/30/99 · Accession #: 1010521-0-85 · File #: 811-02402

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 1/28/00  John Hancock Sovereign Bond Fund  N-30D      11/30/99    1:89K                                    Maffucci Noel/FA

Annual or Semi-Annual Report Mailed to Shareholders — Rule 30d-1
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: N-30D       John Hancock Sovereign Bond Fund                      32    168K

Document Table of Contents

Page	(sequential)	\|	(alphabetic)	Top
			Alternative Formats (Word, et al.) Class B Class C
1	1st Page - Filing Submission
12	Class B
13	Class C

N-30D 1st Page of 32 TOC ↑Top Previous Next ↓Bottom Just 1st
 
                                                   -----------------------------
                                                     The latest report from your
                                                    Fund's management team
                                                   -----------------------------

 SEMIANNUAL REPORT
--------------------------------------------------------------------------------

 [PHOTO]

Bond
Fund

 NOVEMBER 30, 1999

[LOGO] JOHN HANCOCK FUNDS 
                       A Global Investment Management Firm

N-30D 2nd Page of 32 TOC 1st Previous Next ↓Bottom Just 2nd
 -----------------------------------------

TRUSTEES
DENNIS S. ARONOWITZ*
STEPHEN L. BROWN
RICHARD P. CHAPMAN, JR.*
 WILLIAM J. COSGROVE
LELAND O. ERDAHL
RICHARD A. FARRELL
 MAUREEN R. FORD
GAIL D. FOSLER
 WILLIAM F. GLAVIN
 ANNE C. HODSDON
 DR. JOHN A. MOORE
 PATTI MCGILL PETERSON
JOHN W. PRATT*
 RICHARD S. SCIPIONE
 *Members of the Audit Committee

OFFICERS
STEPHEN L. BROWN
Chairman
 MAUREEN R. FORD
 Vice Chairman and Chief Executive Officer
 ANNE C. HODSDON
President, Chief Operating Officer
and Chief Investment Officer
OSBERT M. HOOD
Executive Vice President and
 Chief Financial Officer
 SUSAN S. NEWTON
Vice President and Secretary
JAMES J. STOKOWSKI
Vice President and Treasurer
 THOMAS H. CONNORS
 Vice President and Compliance Officer

 CUSTODIAN
INVESTORS BANK & TRUST COMPANY
200 CLARENDON STREET
 BOSTON, MASSACHUSETTS 02116

TRANSFER AGENT
 JOHN HANCOCK SIGNATURE SERVICES, INC.
1 JOHN HANCOCK WAY, SUITE 1000
BOSTON, MASSACHUSETTS 02217-1000

INVESTMENT ADVISER
 JOHN HANCOCK ADVISERS, INC.
 101 HUNTINGTON AVENUE
BOSTON, MASSACHUSETTS 02199-7603

 PRINCIPAL DISTRIBUTOR
JOHN HANCOCK FUNDS, INC.
 101 HUNTINGTON AVENUE
BOSTON, MASSACHUSETTS 02199-7603

 LEGAL COUNSEL
 HALE AND DORR LLP
 60 STATE STREET
BOSTON, MASSACHUSETTS 02109-1803

 -----------------------------------------

===================================CEO CORNER===================================

DEAR FELLOW SHAREHOLDERS:                                                       

I am delighted that one of my first official duties at John Hancock Funds is to 
welcome you to the New Millennium! I wish you all the best for a century filled 
with momentous occasions.                                                       

Every New Year, of course, provides us with a built-in opportunity to make new  
resolutions, or re-commit to old ones. It seems fitting, therefore, that this   
special New Year 2000 coincides with a very important, although certainly less  
exotic, event.                                                                  

Starting last October, personalized Social Security statements are being sent to
125 million workers over age 25, showing estimates of the retirement, disability
and survivor benefits that they and their families are eligible to receive now  
and in the future.                                                              

The statements, to be sent out annually, will provide people with a glimpse of  
what they can expect from the government when they retire. This should be       
comforting to those who feared that Social Security wouldn't be there for them  
at all. But many people also already know that government benefits will only    
fulfill a small piece of their retirement needs.                                

--------------------------------------------------------------------------------
[A 1" x 1" photo of Maureen R. Ford, Vice Chairman and Chief Executive Officer, 
flush right next to fourth paragraph.]                                          
--------------------------------------------------------------------------------

The best thing about this massive mailing is that it can serve as a wake-up call
to encourage families to focus more on planning for their financial future.     

When you receive your statement, expected to be within three months of your next
birthday, we urge you to read it carefully for accuracy, making sure your annual
earnings history and amounts you have contributed over the years are correct.   
Keep in mind that the estimated benefits are precisely that, and that rules and 
regulations may change by the time you retire. Also remember that they are not  
inflation adjusted, so it would be unrealistic to expect them to have the same  
purchasing power in the future as they would today.                             

We also encourage you to use this mailing as a reason to contact your investment
professional, or to select one if you are not working with somebody. He or she  
can help you focus on establishing and maintaining a sound plan to achieve a    
comfortable retirement. Together, you should make sure to maximize your         
participation in tax-advantaged programs like IRAs and 401(k)s.                 

The stakes are too high to leave your retirement lifestyle to chance. Congress' 
awareness-raising effort is commendable. The next step is yours. Mark the       
beginning of the New Millennium by taking it.                                   

Sincerely,                                                                      

/s/ Maureen R. Ford                                                             

MAUREEN R. FORD, VICE CHAIRMAN AND CHIEF EXECUTIVE OFFICER                      

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================================================================================

BY JAMES K. HO, CFA, PORTFOLIO MANAGEMENT TEAM LEADER, AND
BENJAMIN A. MATTHEWS, ANTHONY A. GOODCHILD AND TRIET M. NGUYEN, 
PORTFOLIO MANAGERS

John Hancock Bond Fund

Rising interest rates take their toll on bond market

The six months ended November 30, 1999 were an unsettled period for the         
fixed-income market and John Hancock Bond Fund. Inflation fears and rising      
interest rates at home and abroad restrained the performance of most bonds      
worldwide. A midsummer glut of new issues in the domestic corporate and         
high-yield arenas, Y2K concerns and three Federal Reserve Board rate hikes put  
further pressure on the bond sectors in which the Fund invests. Yields rose and 
prices declined across the board. Emerging- market debt was the one sector that 
escaped the downturn, as the global economic rebound fostered an increased      
willingness among investors to take on the risks associated with these          
securities.                                                                     

Performance reflects market challenges                                          

For the six months ended November 30, 1999, the Fund's Class A, Class B and     
Class C shares posted total returns of 0.34%, -0.02% and -0.02%, respectively,  
at net asset value. By comparison, the average corporate debt A-rated fund      
returned -0.19%, according to Lipper, Inc.1 Keep in mind that your net asset    
value return will be different from the Fund's performance if you were not      
invested in the Fund for the entire period and did not reinvest all             
distributions. Longer-term performance information can be found on pages six and
seven.                                                                          

Flexibility allowed for timely maneuvers                                        

Over the period, we put the Fund's flexibility to work, which we believed       
contributed significantly to the Fund's strong relative performance. While we   
continued to emphasize high-grade corporate bonds, we rotated assets in and out 
of various fixed-income sectors as opportunities arose and market conditions    
warranted.                                                                      

Corporate bonds pared, then boosted                                             

When the Fund's fiscal year began in June, we had begun to pare back the        
portfolio's corporate bond and high-yield debt exposure slightly in             

"Yields rose and prices declined across the board."                             

--------------------------------------------------------------------------------
[A 3" x 2" photo at bottom right side of page of John Hancock Bond Fund. Caption
below reads "Fund management team members (l-r): "Ben Matthews, Jim Ho, Triet   
Nguyen and Tony Goodchild."]                                                    
--------------------------------------------------------------------------------

3 

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John Hancock Funds - Bond Fund

"...we put the Fund's flexibility to work..."                                   

--------------------------------------------------------------------------------
[Table at top left hand column entitled "Top Five Bond Sectors." The first      
listing is U.S. Government & Agencies 34%, the second is Utilities 11%, the     
third Telecommunications 6%, the fourth Media 5% and the fifth Transport 5%. A  
note below the table reads "As a percentage of net assets on November 30,       
1999."]                                                                         
--------------------------------------------------------------------------------

anticipation of further market turbulence due to Federal Reserve Board rate     
hikes, heavy issuance and slackened demand. Doing so enabled the Fund to avoid  
the worst of the summer's downdraft. This strategy also put us in a favorable   
position to add selectively to corporate and high-yield issues as credit spreads
(the difference in yield between bonds of different credit quality) reached     
compelling levels later in the period. Once the expected new-issue calendar fell
short of expectations after Labor Day, spreads began to narrow and many of the  
Fund's holdings bounced off their price lows.                                   

Treasury holdings bolstered, then trimmed                                       

We used the proceeds realized from the early scale-back of the portfolio's      
corporate-bond weighting to fund an increase in long-term Treasury bond         
positions as yields approached 6.25%. As the period progressed, we sold out of  
some intermediate-term holdings to create more of a barbell structure. As       
opposed to a bullet yield-curve position, a barbell is one in which assets are  
clustered at both the short and long ends of the maturity spectrum. In our      
opinion, this type of positioning should serve the Fund well in the months ahead
if the yield curve retains its flattening bias, as we anticipate. Even if the   
Fed decides to raise rates yet again, we believe its commitment to containing   
inflation may help renew investors' interest in long-term bonds -- pushing their
yields lower -- while rates rise at the short end of the yield curve.           

In the mortgage-backed security arena, we added holdings when prices
declined over the summer, then sold out of some positions when these issues     
began to recover. At that time, we purchased some government agency positions,  
such as Fannie Mae, which have a structure that stands to benefit should        
interest rates begin to decline later in the fiscal year.                       

Duration extended                                                               

For much of 1999, we preferred to keep the Fund's average duration, or          
interest-rate sensitivity, relatively short. (When interest rates rise, a       
shorter duration can help buoy a portfolio's share price. When rates decline, a 
shorter duration may inhibit a portfolio from participating fully in price      
appreciation possibilities.) In recent months, however, we opted to extend the  
Fund's average duration a bit, believing that the worst of inflation fears have 
already been priced into the market. This move brings the Fund back to more of a
neutral duration posture, which means we are making no bets on the direction of 
interest rates in the near term.                                                

Emerging-market issues avoided                                                  

Despite the rally in emerging-market bonds, we continued to avoid this sector   
because of its illiquidity and risk profile. As evidenced by events             

--------------------------------------------------------------------------------
[Table at bottom of left hand column entitled "Scorecard". The header for the   
left column is "Investment" and the header for the right column is "Recent      
Performance...and What's Behind the Numbers". The first listing is Orange PLC   
followed by an up arrow with the phrase "Merger and acquisition activity." The  
second listing is Long Island Lighting Co. followed by a sideways arrow with the
phrase "Rising rates." The third listing is Integrated Health Services followed 
by a down arrow with the phrase "Financial difficulties; industry issues." A    
note below the table reads "See `Schedule of Investments.' Investment holdings  
are subject to change."]                                                        
--------------------------------------------------------------------------------

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John Hancock Funds - Bond Fund

--------------------------------------------------------------------------------
[Bar chart at top of left hand column with heading "Fund Performance". Under the
heading is a note that reads "For the six months ended November 30, 1999." The  
chart is scaled in increments of 1% with -1% at the bottom and 1% at the top.   
The first bar represents the 0.34% total return for John Hancock Bond Fund Class
A. The second bar represents the -0.02% total return for John Hancock Bond Fund 
Class B. The third bar represents the -0.02% total return for John Hancock Bond 
Fund Class C. The fourth bar represents the -0.19% total return for Average     
corporate debt A-rated fund. A note below the chart reads "Total returns for    
John Hancock Bond Fund are at net asset value with all distributions reinvested.
The average corporate debt A-rated fund is tracked by Lipper, Inc. See the      
following two pages for historical performance information."]                   
--------------------------------------------------------------------------------

in 1998, emerging-market securities are highly sensitive to the world's         
political and economic events, making them one of the most highly volatile      
sectors in the fixed-income universe.                                           

Telecom and cable: performance leaders                                          

Our telecommunications and cable corporate-bond holdings continued to be        
positive contributors to the Fund's performance. Ongoing consolidation and      
dynamic growth potential within these industries make them worthwhile long-term 
investments regardless of short-term market movements. Holdings that have       
performed well for the Fund include Orange PLC, a wireless operator in the U.K. 
which benefited from an acquisition by Mannesmann and a resulting credit        
upgrade. Qwest Communications and Chancellor Broadcasting also performed well on
the heels of merger and acquisition activity by U.S. West and Clear Channel,    
respectively. Other positive contributors to performance included SFX           
Entertainment, PSINet, Nextel Communications, Global Crossing Holdings, Charter 
Communications Holdings and Adelphia Communications.                            

    Going forward, we believe the primary driver of performance in the cable
and telecom sectors will continue to be consolidation, as companies seek to     
become the dominant player in providing Internet, cable and telephone services. 

  In the cyclical industries of energy and industrials, several holdings
proved to be notable performers that benefited from rising oil prices. These    
included Ocean Energy, Swift Energy, CMS Energy, Amerada Hess and CalEnergy.    
Disappointing performers included Integrated Health Services and Oakwood Homes  
Corporation, which we sold prior to the worst of their downturns. Broadly       
speaking, health-care and utility bonds remained depressed throughout the       
period.                                                                         

Outlook                                                                         

In the months ahead, we cannot rule out the possibility of further volatility,  
as inflation remains a potential threat. That said, we believe the global       
liquidity that was provided by the world's central banks via interest-rate cuts 
in 1998 should give the current economic expansion the necessary boost to be the
longest in postwar history. If the Fed continues to show its vigilance in       
fighting inflation by raising rates when necessary, we believe corporate and    
high-yield bonds stand to benefit as investors look further down the road to a  
more benign inflation, economic and interest-rate picture.                      

"...possibility of further volatility, as inflation remains a potential threat."

--------------------------------------------------------------------------------
This commentary reflects the views of the portfolio managers through the end of 
the Fund's period discussed in this report. Of course, the managers' views are  
subject to change as market and other conditions warrant.                       

(1) Figures from Lipper, Inc. include reinvested dividends and do not take into 
account sales charges. Actual load-adjusted performance is lower.               

5 

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================================================================================

John Hancock Funds - Bond Fund

--------------------------------------------------------------------------------
 A LOOK AT PERFORMANCE
--------------------------------------------------------------------------------

The tables on the right show the cumulative total returns and the average annual
total returns for the John Hancock Bond Fund. Total return measures the change  
in value of an investment from the beginning to the end of a period, assuming   
that all distributions were reinvested.                                         

For Class A shares, total return figures include a maximum applicable sales     
charge of 4.5%. Class B performance reflects a maximum contingent deferred sales
charge (maximum 5% and declining to 0% over six years). Class C performance     
includes a contingent deferred sales charge (1% declining to 0% after one year).

All figures represent past performance and are no guarantee of future results.  
Keep in mind that the total return and share price of the Fund's investments    
will fluctuate. As a result, your Fund's shares may be worth more or less than  
their original cost, depending on when you sell them. Please read your          
prospectus carefully before you invest or send money.                           

--------------------------------------------------------------------------------
CLASS A                                                                         
--------------------------------------------------------------------------------
For the period ended September 30, 1999                                         

                                               ONE         FIVE          TEN
                                                YEAR        YEARS        YEARS
                                                -------      ------      -------
Cumulative Total Returns                        (5.60%)      38.91%      105.76%
Average Annual Total Returns                    (5.60%)       6.79%        7.48%

--------------------------------------------------------------------------------
CLASS B                                                                         
--------------------------------------------------------------------------------
For the period ended September 30, 1999                                         

                                                                     SINCE
                                                ONE         FIVE     INCEPTION
                                                 YEAR        YEARS    (11/23/93)
                                                -------      ------   ----------
Cumulative Total Returns                        (6.49%)      38.59%     35.03%  
Average Annual Total Returns                    (6.49%)       6.74%      5.27%  

--------------------------------------------------------------------------------
CLASS C                                                                         
--------------------------------------------------------------------------------
For the period ended September 30, 1999                                         

                                                                       ONE
                                                                        YEAR
                                                                        --------
Cumulative Total Returns                                                 (3.32%)
Average Annual Total Returns                                             (3.32%)

--------------------------------------------------------------------------------
YIELDS                                                                          
--------------------------------------------------------------------------------
As of November 30, 1999                                                         

                                                                      SEC 30-DAY
                                                                     YIELD
                                                                      ----------
John Hancock Bond Fund: Class A                                         6.49%   
John Hancock Bond Fund: Class B                                         6.09%   
John Hancock Bond Fund: Class C                                         6.09%   

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================================================================================

John Hancock Funds - Bond Fund

--------------------------------------------------------------------------------
WHAT HAPPENED TO A $10,000 INVESTMENT...
--------------------------------------------------------------------------------

Line chart with the heading John Hancock Bond Fund Class A, representing the    
growth of a hypothetical $10,000 investment over the life of the fund. Within   
the chart are three lines. The first line represents the Lehman Brothers        
Corporate Bond Index and is equal to $22,982 as of November 30, 1999. The second
line represents the value of the hypothetical $10,000 investment made in the    
John Hancock Bond Fund on May 31, 1989, before sales charge, and is equal to    
$22,485 as of November 30, 1999. The third line represents the same hypothetical
investment made in the John Hancock Bond Fund, after sales charge, and is equal 
to $21,468 as of November 30, 1999.                                             

Line chart with the heading John Hancock Bond Fund Class B*, representing the   
growth of a hypothetical $10,000 investment over the life of the fund. Within   
the chart are two lines. The first line represents the Lehman Brothers Corporate
Bond Index and is equal to $14,181 as of November 30, 1999. The second line     
represents the value of the hypothetical $10,000 investment made in the John    
Hancock Bond Fund on November 23, 1993, before sales charge, and is equal to    
$13,653 as of November 30, 1999.                                                

Line chart with the heading John Hancock Bond Fund Class C*, representing the   
growth of a hypothetical $10,000 investment over the life of the fund. Within   
the chart are two lines. The first line represents the Lehman Brothers Corporate
Bond Index and is equal to $10,092 as of November 30, 1999. The second line     
represents the value of the hypothetical $10,000 investment made in the John    
Hancock Bond Fund on October 1, 1998, before sales charge, and is equal to      
$9,803 as of November 30, 1999.                                                 

*No contingent deferred sales charge applicable.                                

--------------------------------------------------------------------------------

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==============================FINANCIAL STATEMENTS==============================

John Hancock Funds - Bond Fund

The Statement of Assets and Liabilities is the Fund's balance sheet and shows   
the value of what the Fund owns, is due and owes on November 30, 1999. You'll   
also find the net asset value and the maximum offering price per share as of    
that date.                                                                      

Statement of Assets and Liabilities                                             
November 30, 1999 (Unaudited)                                                   
--------------------------------------------------------------------------------

Assets:                                                                         
Investments at value - Note C:                                              
   Bonds (cost - $1,406,068,623) ..........................     $1,355,045,288
   Preferred stocks and warrants (cost - $16,047,038) .....         16,132,686
   Joint repurchase agreement (cost - $75,911,000) ........         75,911,000
   Corporate savings account ..............................                 57
                                                               ---------------
                                                                 1,447,089,031
 Receivable for investments sold ..........................          5,422,189
 Receivable for shares sold ...............................            749,397
 Dividends and interest receivable ........................         25,582,379
 Other assets .............................................            425,316
                                                               ---------------
                      Total Assets ........................      1,479,268,312
                      --------------------------------------------------------
Liabilities:                                                                    
 Payable for investments purchased ........................          8,297,606
 Payable for shares repurchased ...........................          1,995,945
 Payable for futures variation margin - Note A ............             60,531
 Dividend payable .........................................             35,421
Payable to John Hancock Advisers, Inc.                                      
   and affiliates - Note B ................................          1,190,315
 Accounts payable and accrued expenses ....................            124,006
                                                               ---------------
                      Total Liabilities ...................         11,703,824
                      --------------------------------------------------------
Net Assets:                                                                     
 Capital paid-in ..........................................      1,563,461,335
Accumulated net realized loss on investments                                
    and financial futures contracts ........................        (45,031,973)
Net unrealized depreciation of investments                                  
    and financial futures contracts ........................        (50,583,230)
  Distributions in excess of net investment income .........           (281,644)
                                                               ---------------
                      Net Assets ..........................     $1,467,564,488
                      ========================================================
Net Asset Value Per Share:                                                      
(Based on net asset values and shares of beneficial                         
interest outstanding - unlimited number of shares                       
authorized with no par value)                                           
 Class A - $1,214,852,224/84,828,301 ......................             $14.32
  ==============================================================================
 Class B - $228,948,863/15,986,589 ........................             $14.32
  ==============================================================================
 Class C - $23,763,401/1,659,304 ..........................             $14.32
  ==============================================================================
Maximum Offering Price Per Share*                                               
 Class A - ($14.32 x 104.71%) .............................             $14.99
  ==============================================================================

*     On single retail sales of less than $100,000. On sales of $100,000 or more
and on group sales the offering price is reduced.                   

The Statement of Operations summarizes the Fund's investment income earned and  
expenses incurred in operating the Fund. It also shows net gains (losses) for   
the period stated.                                                              

Statement of Operations                                                         
Six months ended November 30, 1999 (Unaudited)                                  
--------------------------------------------------------------------------------

Investment Income:                                                              
 Interest ..................................................       $57,643,497
 Dividends .................................................           183,195
                                                                  ------------
                                                                    57,826,692
                                                                  ------------
Expenses:                                                                   
   Investment management fee - Note B ......................         3,737,194
Distribution and service fee - Note B                                   
     Class A ...............................................         1,858,906
     Class B ...............................................         1,167,628
     Class C ...............................................           113,768
   Transfer agent fee - Note B .............................         1,941,682
   Accounting and legal services fee - Note B ..............           147,702
   Custodian fee ...........................................           140,041
   Printing ................................................            42,680
   Trustees' fees ..........................................            39,600
   Miscellaneous ...........................................            31,499
   Auditing fee ............................................            22,020
   Registration and filing fees ............................            21,905
   Legal fees ..............................................             4,374
                                                                  ------------
                      Total Expenses .......................         9,268,999
                      --------------------------------------------------------
                      Net Investment Income ................        48,557,693
                      --------------------------------------------------------
Realized and Unrealized Gain (Loss) on Investments                              
and Financial Futures Contracts:                                                
  Net realized loss on investments sold .....................       (15,245,092)
  Net realized loss on financial futures contracts ..........          (412,595)
Change in net unrealized appreciation/depreciation                          
    of investments ..........................................       (30,355,121)
Change in net unrealized appreciation/depreciation                          
   of financial futures contracts ..........................           405,751
                                                                  ------------
Net Realized and Unrealized       
Loss on Investments and           
                       Financial Futures Contracts ..........       (45,607,057)
                      --------------------------------------------------------
Net Increase in Net Assets        
                      Resulting from Operations ............        $2,950,636
                      ========================================================

SEE NOTES TO FINANCIAL STATEMENTS.

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==============================FINANCIAL STATEMENTS==============================

John Hancock Funds - Bond Fund

Statement of Changes in Net Assets                                              
--------------------------------------------------------------------------------

                                                        [Enlarge/Download Table]

                                                                                                 SIX MONTHS ENDED
                                                                                 YEAR ENDED     NOVEMBER 30, 1999
                                                                                MAY 31, 1999       (UNAUDITED)   
                                                                              ---------------   -----------------
                                                                                                                 
Increase (Decrease) in Net Assets:                                                                               
From Operations:                                                                                                 
   Net investment income ...................................................      $96,302,405        $48,557,693 
   Net realized loss on investments sold and financial                                                           
    futures contracts ......................................................       (2,592,599)       (15,657,687)
   Change in net unrealized appreciation/depreciation of                                                         
    investments and financial futures contracts ............................      (49,119,200)       (29,949,370)
                                                                              ---------------    --------------- 
      Net Increase in Net Assets Resulting from Operations .................       44,590,606          2,950,636 
                                                                              ---------------    --------------- 
Distributions to Shareholders:                                                                                   
   Distributions from net investment income                                                                      
      Class A - ($0.9665 and $0.4779 per share, respectively) ..............      (83,968,102)       (40,980,195)
      Class B - ($0.8597 and $0.4273 per share, respectively) ..............      (11,887,365)        (6,902,480)
      Class C** - ($0.5512 and $0.4271 per share, respectively) ............         (446,938)          (671,809)
                                                                              ---------------    --------------- 
      Total Distributions to Shareholders ..................................      (96,302,405)       (48,554,484)
                                                                              ---------------    --------------- 
From Fund Share Transactions - Net: * ......................................       96,541,466        (25,372,488)
                                                                              ---------------    --------------- 
Net Assets:                                                                                                      
   Beginning of period .....................................................    1,493,711,157      1,538,540,824 
                                                                              ---------------    --------------- 
   End of period (including distributions in excess of net investment income                                     
      of $284,853 and $281,644, respectively) ..............................   $1,538,540,824     $1,467,564,488 
                                                                              ===============    =============== 

The Statement of Changes in Net Assets shows how the value of the Fund's net    
assets has changed since the end of the previous period. The difference reflects
earnings less expenses, any investment gains and losses, distributions paid to  
shareholders and any increase or decrease in money shareholders invested in the 
Fund. The footnote illustrates the number of Fund shares sold, reinvested and   
repurchased during the last two periods, along with the corresponding dollar    
value.                                                                          

SEE NOTES TO FINANCIAL STATEMENTS.

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==============================FINANCIAL STATEMENTS==============================

John Hancock Funds - Bond Fund

Statement of Changes in Net Assets (continued)                                  
--------------------------------------------------------------------------------

* Analysis of Fund Share Transactions:                                          

                                                        [Enlarge/Download Table]

                                                                    SIX MONTHS ENDED        
                                     YEAR ENDED                     NOVEMBER 30, 1999       
                                    MAY 31, 1999                       (UNAUDITED)          
                            ------------------------------   ------------------------------ 
                               SHARES           AMOUNT          SHARES           AMOUNT     
                            -------------    -------------   -------------    ------------- 
                                                                                            
CLASS A                                                                                     
   Shares sold ...........     33,840,928     $513,805,047       6,253,783      $90,746,319 
   Shares reinvested .....      4,291,217       65,236,811       2,265,647       32,645,044 
                            -------------    -------------   -------------    ------------- 
                               38,132,145      579,041,858       8,519,430      123,391,363 
   Less shares repurchased    (38,555,126)    (585,265,951)    (10,311,646)    (149,290,068)
                            -------------    -------------   -------------    ------------- 
   Net decrease ..........       (422,981)     ($6,224,093)     (1,792,216)    ($25,898,705)
                            =============    =============   =============    ============= 
CLASS B                                                                                     
   Shares sold ...........      8,756,754     $133,473,644       2,140,834      $30,984,749 
   Shares reinvested .....        440,757        6,690,223         304,325        4,381,598 
                            -------------    -------------   -------------    ------------- 
                                9,197,511      140,163,867       2,445,159       35,366,347 
   Less shares repurchased     (3,915,180)     (59,486,821)     (2,622,486)     (37,910,990)
                            -------------    -------------   -------------    ------------- 
   Net increase (decrease)      5,282,331      $80,677,046        (177,327)     ($2,544,643)
                            =============    =============   =============    ============= 
CLASS C**                                                                                   
   Shares sold ...........      1,510,673      $23,046,624         241,128       $3,496,541 
   Shares reinvested .....         24,293          365,237          40,028          576,372 
                            -------------    -------------   -------------    ------------- 
                                1,534,966       23,411,861         281,156        4,072,913 
   Less shares repurchased        (87,365)      (1,323,348)        (69,453)      (1,002,053)
                            -------------    -------------   -------------    ------------- 
   Net increase ..........      1,447,601      $22,088,513         211,703       $3,070,860 
                            =============    =============   =============    ============= 

** Class C shares commenced operations on October 1, 1998.                      

SEE NOTES TO FINANCIAL STATEMENTS.

10

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==============================FINANCIAL STATEMENTS==============================

John Hancock Funds - Bond Fund

Financial Highlights                                                            

Selected data for a share of beneficial interest outstanding throughout each    
period indicated, investment returns, key ratios and supplemental data are      
listed as follows:                                                              
--------------------------------------------------------------------------------

                                                        [Enlarge/Download Table]

                                                            YEAR ENDED DECEMBER 31,               PERIOD FROM    
                                                   ------------------------------------------  JANUARY 1, 1997 TO
                                                      1994           1995             1996       MAY 31, 1997(6) 
                                                   ----------     ----------       ----------    --------------- 
                                                                                                                 
CLASS A                                                                                                          
Per Share Operating Performance                                                                                  
   Net Asset Value, Beginning of Period ..........     $15.53         $13.90           $15.40          $14.90    
                                                   ----------     ----------       ----------      ----------    
   Net Investment Income .........................       1.12           1.12             1.09            0.44    
   Net Realized and Unrealized Gain (Loss) on                                                                    
     Investments and Financial Futures Contracts .      (1.55)          1.50            (0.50)          (0.12)   
                                                   ----------     ----------       ----------      ----------    
      Total from Investment Operations ...........      (0.43)          2.62             0.59            0.32    
                                                   ----------     ----------       ----------      ----------    
   Less Distributions:                                                                                           
   Dividends from Net Investment Income ..........      (1.12)         (1.12)           (1.09)          (0.44)   
   Distributions from Net Realized Gain on                                                                       
     Investments Sold and Financial                                                                              
     Futures Contracts ...........................      (0.08)            --               --              --    
                                                   ----------     ----------       ----------      ----------    
      Total Distributions ........................      (1.20)         (1.12)           (1.09)          (0.44)   
                                                   ----------     ----------       ----------      ----------    
   Net Asset Value, End of Period ................     $13.90         $15.40           $14.90          $14.78    
                                                   ==========     ==========       ==========      ==========    
   Total Investment Return at Net Asset Value(1) .      (2.75%)        19.40%            4.11%           2.22%(3)

Ratios and Supplemental Data                                                                                     
   Net Assets, End of Period (000s omitted) ...... $1,326,058     $1,535,204       $1,416,116      $1,361,924    
   Ratio of Expenses to Average Net Assets .......       1.26%          1.13%            1.14%           1.11%(4)
   Ratio of Net Investment Income to Average                                                                     
     Net Assets ..................................       7.74%          7.58%            7.32%           7.38%(4)
   Portfolio Turnover Rate .......................         85%           103%(5)          123%             58%   


                                                       YEAR ENDED MAY 31,      SIX MONTHS ENDED                  
                                                   --------------------------  NOVEMBER 30, 1999                 
                                                      1998           1999         (UNAUDITED)                    
                                                   ----------      ----------     -----------                    
                                                                                                                 
CLASS A                                                                                                          
Per Share Operating Performance                                                                                  
   Net Asset Value, Beginning of Period ..........     $14.78          $15.25          $14.76                    
                                                   ----------      ----------      ----------                    
   Net Investment Income .........................       1.05(2)         0.97(2)         0.48(2)                 
   Net Realized and Unrealized Gain (Loss) on                                                                    
     Investments and Financial Futures Contracts .       0.47           (0.49)          (0.44)                   
                                                   ----------      ----------      ----------                    
      Total from Investment Operations ...........       1.52            0.48            0.04                    
                                                   ----------      ----------      ----------                    
   Less Distributions:                                                                                           
   Dividends from Net Investment Income ..........      (1.05)          (0.97)          (0.48)                   
   Distributions from Net Realized Gain on                                                                       
     Investments Sold and Financial                                                                              
     Futures Contracts ...........................         --              --              --                    
                                                   ----------      ----------      ----------                    
      Total Distributions ........................      (1.05)          (0.97)          (0.48)                   
                                                   ----------      ----------      ----------                    
   Net Asset Value, End of Period ................     $15.25          $14.76          $14.32                    
                                                   ==========      ==========      ==========                    
   Total Investment Return at Net Asset Value(1) .      10.54%           3.11%           0.34%(3)                

Ratios and Supplemental Data                                                                                     
   Net Assets, End of Period (000s omitted) ...... $1,327,728      $1,278,582      $1,214,852                    
   Ratio of Expenses to Average Net Assets .......       1.08%           1.07%           1.11%(4)                
   Ratio of Net Investment Income to Average                                                                     
     Net Assets ..................................       6.90%           6.35%           6.60%(4)                
   Portfolio Turnover Rate .......................        198%            228%             80%                   

The Financial Highlights summarizes the impact of the following factors on a    
single share for each period indicated: net investment income, gains (losses),  
distributions and total investment return of the Fund. It shows how the Fund's  
net asset value for a share has changed since the end of the previous period.   
Additionally, important relationships between some items presented in the       
financial statements are expressed in ratio form.                               

SEE NOTES TO FINANCIAL STATEMENTS.

11

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==============================FINANCIAL STATEMENTS==============================

John Hancock Funds - Bond Fund

Financial Highlights (continued)                                                
--------------------------------------------------------------------------------

                                                        [Enlarge/Download Table]

                                                         YEAR ENDED DECEMBER 31,            PERIOD FROM   
                                                   -----------------------------------  JANUARY 1, 1997 TO
                                                     1994        1995           1996      MAY 31, 1997(6) 
                                                   -------     -------        --------    --------------- 
                                                                                                          
CLASS B                                                                                                   
Per Share Operating Performance                                                                           
   Net Asset Value, Beginning of Period ..........  $15.52      $13.90          $15.40         $14.90     
                                                   -------     -------        --------       --------     
   Net Investment Income .........................    1.04        1.02            0.98           0.40     
   Net Realized and Unrealized Gain (Loss) on                                                             
     Investments and Financial Futures Contracts .   (1.54)       1.50           (0.50)         (0.12)    
                                                   -------     -------        --------       --------     
      Total from Investment Operations ...........   (0.50)       2.52            0.48           0.28     
                                                   -------     -------        --------       --------     
   Less Distributions:                                                                                    
   Dividends from Net Investment Income ..........   (1.04)      (1.02)          (0.98)         (0.40)    
   Distributions from Net Realized Gain on                                                                
     Investments Sold and Financial                                                                       
     Futures Contracts ...........................   (0.08)         --              --             --     
                                                   -------     -------        --------       --------     
      Total Distributions ........................   (1.12)      (1.02)          (0.98)         (0.40)    
                                                   -------     -------        --------       --------     
   Net Asset Value, End of Period ................  $13.90      $15.40          $14.90         $14.78     
                                                   =======     =======        ========       ========     
   Total Investment Return at Net Asset Value(1) .   (3.13%)     18.66%           3.38%          1.93%(3) 

Ratios and Supplemental Data                                                                              
   Net Assets, End of Period (000s omitted) ...... $40,299     $98,739        $134,112       $132,885     
   Ratio of Expenses to Average Net Assets .......    1.78%       1.75%           1.84%          1.81%(4) 
   Ratio of Net Investment Income to Average                                                              
     Net Assets ..................................    7.30%       6.87%           6.62%          6.68%(4) 
   Portfolio Turnover Rate .......................      85%        103%(5)         123%            58%    


                                                      YEAR ENDED MAY 31,     SIX MONTHS ENDED             
                                                   -----------------------   NOVEMBER 30, 1999            
                                                     1998          1999         (UNAUDITED)               
                                                   --------       --------      ----------                
                                                                                                          
CLASS B                                                                                                   
Per Share Operating Performance                                                                           
   Net Asset Value, Beginning of Period ..........   $14.78         $15.25         $14.76                 
                                                   --------       --------       --------                 
   Net Investment Income .........................     0.95(2)        0.86(2)        0.43(2)              
   Net Realized and Unrealized Gain (Loss) on                                                             
     Investments and Financial Futures Contracts .     0.47          (0.49)         (0.44)                
                                                   --------       --------       --------                 
      Total from Investment Operations ...........     1.42           0.37          (0.01)                
                                                   --------       --------       --------                 
   Less Distributions:                                                                                    
   Dividends from Net Investment Income ..........    (0.95)         (0.86)         (0.43)                
   Distributions from Net Realized Gain on                                                                
     Investments Sold and Financial                                                                       
     Futures Contracts ...........................       --             --             --                 
                                                   --------       --------       --------                 
      Total Distributions ........................    (0.95)         (0.86)         (0.43)                
                                                   --------       --------       --------                 
   Net Asset Value, End of Period ................   $15.25         $14.76         $14.32                 
                                                   ========       ========       ========                 
   Total Investment Return at Net Asset Value(1) .     9.78%          2.39%         (0.02%)(3)            

Ratios and Supplemental Data                                                                              
   Net Assets, End of Period (000s omitted) ...... $165,983       $238,591       $228,949                 
   Ratio of Expenses to Average Net Assets .......     1.78%          1.77%          1.81%(4)             
   Ratio of Net Investment Income to Average                                                              
     Net Assets ..................................     6.18%          5.65%          5.90%(4)             
   Portfolio Turnover Rate .......................      198%           228%            80%                

SEE NOTES TO FINANCIAL STATEMENTS.

12

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==============================FINANCIAL STATEMENTS==============================

John Hancock Funds - Bond Fund

Financial Highlights (continued)                                                
--------------------------------------------------------------------------------

                                                        [Enlarge/Download Table]

                                                        PERIOD FROM                         
                                                      OCTOBER 1, 1998                       
                                                      (COMMENCEMENT OF   SIX MONTHS ENDED   
                                                       OPERATIONS) TO    NOVEMBER 30, 1999  
                                                        MAY 31, 1999        (UNAUDITED)     
                                                        ------------        -----------     
                                                                                            
CLASS C                                                                                     
Per Share Operating Performance                                                             
  Net Asset Value, Beginning of Period ...............       $15.61              $14.76     
                                                         ----------          ----------     
  Net Investment Income(2) ...........................         0.55                0.43     
  Net Realized and Unrealized Loss on Investments and                                       
    Financial Futures Contracts ......................        (0.85)              (0.44)    
                                                         ----------          ----------     
    Total from Investment Operations .................        (0.30)              (0.01)    
                                                         ----------          ----------     
  Less Distributions:                                                                       
  Dividends from Net Investment Income ...............        (0.55)              (0.43)    
                                                         ----------          ----------     
  Net Asset Value, End of Period .....................       $14.76              $14.32     
                                                         ==========          ==========     
  Total Investment Return at Net Asset Value(1) ......        (1.95%)(3)          (0.02%)(3)

Ratios and Supplemental Data                                                                
  Net Assets, End of Period (000s omitted) ...........      $21,368             $23,763     
  Ratio of Expenses to Average Net Assets ............         1.77%(4)            1.81%(4) 
  Ratio of Net Investment Income to Average Net Assets         5.65%(4)            5.89%(4) 
  Portfolio Turnover Rate ............................          228%                 80%    

(1)   Assumes dividend reinvestment and does not reflect the effect of sales    
charges.                                                            
(2)   Based on the average of the shares outstanding at the end of each month.  
(3)   Not annualized.                                                           
(4)   Annualized.                                                               
(5)   Portfolio turnover rate excludes merger activity.                         
(6)   Effective May 31, 1997, the fiscal period end changed from December 31 to 
May 31.                                                             

SEE NOTES TO FINANCIAL STATEMENTS.

13

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==============================FINANCIAL STATEMENTS==============================

John Hancock Funds - Bond Fund

Schedule of Investments                                                         
November 30, 1999 (Unaudited)                                                   
--------------------------------------------------------------------------------

The Schedule of Investments is a complete list of all securities owned by Bond  
Fund on November 30, 1999. It's divided into three main categories: bonds,      
preferred stocks and warrants, and short-term investments. The bonds are further
broken down by industry group. Short-term investments, which represent the      
Fund's "cash" position, are listed last.                                        

                                                        [Enlarge/Download Table]

                                                                           PAR VALUE              
                                                        INTEREST  CREDIT     (000s       MARKET   
ISSUER, DESCRIPTION                                       RATE    RATING*   OMITTED)     VALUE    
-------------------                                     --------  -------  ----------  ---------- 
                                                                                                  
BONDS                                                                                             
Aerospace (0.44%)                                                                                 
  Jet Equipment Trust,                                                                            
    Equipment Trust Cert Ser 95B2 08-15-14 (R) .......   10.910%    BBB       $5,800    $6,471,292
                                                                                       -----------
Automobile/Trucks (0.71%)                                                                         
  Chrysler Financial Co. LLC,                                                                     
    Med Term Note Ser S 11-15-01 .....................    5.690     A+         4,520     4,437,646
  ERAC USA Finance Co.,                                                                           
    Note 02-15-05 (R) ................................    6.625     BBB+       6,200     5,952,868
                                                                                       -----------
                                                                                        10,390,514
                                                                                       -----------
Banks - Foreign (3.22%)                                                                           
  Abbey National First Capital, B.V.,                                                             
    Sub Note (United Kingdom) 10-15-04 (Y) ...........    8.200     AA-       10,000    10,366,300
  African Development Bank,                                                                       
    Sub Note (Supra National) 12-15-03 (Y) ...........    9.750     AA-        8,000     8,826,480
  International Bank for Reconstruction & Development,                                            
    Deb (Supra National) 09-01-16 (Y) ................    8.250     AAA        5,000     5,565,150
  RBSG Capital Corp.,                                                                             
    Gtd Cap Note 03-01-04 ............................   10.125     A         10,605    11,592,325
  Scotland International Finance No. 2 B.V.,                                                      
    Gtd Sub Note (Netherlands) 11-01-06 (R) (Y) ......    8.850     A+        10,250    10,916,045
                                                                                       -----------
                                                                                        47,266,300
                                                                                       -----------
Banks - United States (3.37%)                                                                     
  Bank of New York,                                                                               
    Cap Security 12-01-26 (R) ........................    7.780     A-         5,705     5,327,215
  Barclay's North American Capital Corp.,                                                         
    Gtd Cap Note 05-15-21 ............................    9.750     AA-        8,925     9,560,460
  First Union National Bank,                                                                      
    Sub Note 12-01-28 ................................    6.500     A          4,705     4,013,647
  FleetBoston Financial Corp.,                                                                    
    Sub Note 12-01-05 ................................    6.625     A-         4,445     4,330,052
  National Westminster Bank Plc - New York Branch,                                                
    Sub Note 05-01-01 ................................    9.450     AA-       10,000    10,348,000
  NB Capital Trust IV,                                                                            
    Gtd Cap Security 04-15-27 ........................    8.250     A-         2,915     2,944,150

SEE NOTES TO FINANCIAL STATEMENTS.

14

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==============================FINANCIAL STATEMENTS==============================

John Hancock Funds - Bond Fund

                                                        [Enlarge/Download Table]

                                                                          PAR VALUE              
                                                       INTEREST  CREDIT     (000s       MARKET   
ISSUER, DESCRIPTION                                      RATE    RATING*   OMITTED)     VALUE    
-------------------                                    --------  -------  ----------  ---------- 
                                                                                                 
Banks - United States (continued)                                                                
  Security Pacific Corp.,                                                                        
    Medium Term Sub Note 05-09-01 ....................  10.360%    A         $6,000    $6,304,020
    Sub Note 11-15-00 ................................  11.500     A          6,400     6,669,760
                                                                                      -----------
                                                                                       49,497,304
                                                                                      -----------
Beverages (0.50%)                                                                                
  Canandaigua Brands, Inc.,                                                                      
    Sr Sub Note Ser C 12-15-03 .......................   8.750     B+         4,115     4,053,275
  Seagram (Joseph) & Sons, Inc.,                                                                 
    Gtd Deb 09-15-11 .................................   8.875     BBB-       3,100     3,322,487
                                                                                      -----------
                                                                                        7,375,762
                                                                                      -----------
Broker Services (0.40%)                                                                          
  Goldman Sachs Group, Inc.,                                                                     
    Medium Term Note Ser B 10-01-09 ..................   7.350     A+         5,840     5,805,252
                                                                                      -----------
Building (0.17%)                                                                                 
  Owens Corning,                                                                                 
    Note 03-15-09 ....................................   7.000     BBB-       2,805     2,492,888
                                                                                      -----------
Chemicals (0.90%)                                                                                
  Akzo Nobel, Inc.,                                                                              
    Bond 11-15-03 (R) ................................   6.000     A          2,820     2,707,200
  Du Pont (E.I.) de Nemours & Co.,                                                               
    Note 10-15-09 ....................................   6.875     AA-        3,310     3,258,860
  Equistar Chemicals, L.P.,                                                                      
    Note 02-15-04 ....................................   8.500     BBB-       3,950     3,880,875
  Lyondell Chemical Co.,                                                                         
    Sr Sec Note Ser A 05-01-07 .......................   9.625     BB           650       667,875
  Monsanto Co.,                                                                                  
    Deb 12-01-28 (R) .................................   6.600     A          2,990     2,618,194
                                                                                      -----------
                                                                                       13,133,004
                                                                                      -----------
Computers (1.01%)                                                                                
  Ceridian Corp.,                                                                                
    Sr Note 06-01-04 .................................   7.250     BBB        3,820     3,706,622
  Primark Corp.,                                                                                 
    Sr Sub Note 12-15-08 .............................   9.250     B+         2,220     2,097,900
  PSINet, Inc.,                                                                                  
    Sr Note 11-01-08 .................................  11.500     B-         2,920     3,036,800
    Sr Note 08-01-09 .................................  11.000     B-         1,525     1,540,250
  Verio, Inc.,                                                                                   
    Sr Note 04-01-05 .................................  10.375     B-         4,395     4,449,938
                                                                                      -----------
                                                                                       14,831,510
                                                                                      -----------
Cosmetics & Personal Care (0.43%)                                                                
  Johnson & Johnson,                                                                             
    Deb 11-15-23 .....................................   6.730     AAA        6,750     6,365,115
                                                                                      -----------

SEE NOTES TO FINANCIAL STATEMENTS.

15

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==============================FINANCIAL STATEMENTS==============================

John Hancock Funds - Bond Fund

                                                        [Enlarge/Download Table]

                                                                          PAR VALUE              
                                                       INTEREST  CREDIT     (000s       MARKET   
ISSUER, DESCRIPTION                                      RATE    RATING*   OMITTED)     VALUE    
-------------------                                    --------  -------  ----------  ---------- 
                                                                                                 
Energy (1.02%)                                                                                   
  AES Corp.,                                                                                     
    Sr Sub Note 07-15-06 .............................  10.250%    B+        $6,005    $6,095,075
  MidAmerican Energy Holdings,                                                                   
    Sr Bond 09-15-28 .................................   8.480     BBB-       4,660     4,853,297
  P&L Coal Holdings Corp.,                                                                       
    Sr Sub Note Ser B 05-15-08 .......................   9.625     B          4,040     3,999,600
                                                                                      -----------
                                                                                       14,947,972
                                                                                      -----------
Fiber Optics (0.09%)                                                                             
  Williams Communications Group, Inc.,                                                           
    Sr Note 10-01-09 .................................  10.875     BB-        1,280     1,337,600
                                                                                      -----------
Finance (3.47%)                                                                                  
  Bombardier Capital, Inc.,                                                                      
    Note 01-15-02 (R) ................................   6.000     A-         4,620     4,516,974
  CIT Group Holdings, Inc.,                                                                      
    Deb 03-15-01 .....................................   9.250     A          5,000     5,150,650
    Note 10-15-01 ....................................   5.500     A+         5,485     5,372,393
  Finova Capital Corp.,                                                                          
    Note 11-01-02 ....................................   6.250     A-         4,105     4,003,319
  Ford Motor Credit Co.,                                                                         
    Note 04-28-03 ....................................   6.125     A          5,500     5,371,300
    Note 10-28-09 ....................................   7.375     A          5,840     5,864,178
  General Motors Acceptance Corp.,                                                               
    Note 12-01-01 ....................................   6.375     A          5,470     5,429,741
  Household Finance Corp.,                                                                       
    Note 11-01-02 ....................................   5.875     A          6,860     6,641,029
  Marlin Water Trust & Marlin Water Capital Corp.,                                               
    Sr Sec Note 12-15-01 (R) .........................   7.090     BBB        4,405     4,327,912
  Merrill Lynch Mortgage Investors, Inc.,                                                        
    Sub Bond Ser 1992-B Class B 04-15-12 .............   8.500     Aaa          601       600,587
  Yanacocha Receivables Master Trust,                                                            
    Pass Thru Cert Ser 1997-A 06-15-04 (R) ...........   8.400     BBB-       3,969     3,651,779
                                                                                      -----------
                                                                                       50,929,862
                                                                                      -----------
Government - Foreign (0.98%)                                                                     
  Nova Scotia, Province of,                                                                      
    Deb (Canada) 04-01-22 (Y) ........................   8.750     A-         7,500     8,413,800
  Saskatchewan, Province of,                                                                     
    Bond (Canada) 12-15-20 (Y) .......................   9.375     A          5,000     5,978,750
                                                                                      -----------
                                                                                       14,392,550
                                                                                      -----------
Government - U.S. (21.44%)                                                                       
  United States Treasury,                                                                        
    Bond 08-15-17 ....................................   8.875     AAA       41,247    50,791,968
    Bond 05-15-18 ....................................   9.125     AAA       47,075    59,498,563
    Bond 02-15-23 ....................................   7.125     AAA       88,234    94,079,503
    Note 05-15-01 ....................................   8.000     AAA        4,391     4,513,114

SEE NOTES TO FINANCIAL STATEMENTS.

16

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==============================FINANCIAL STATEMENTS==============================

John Hancock Funds - Bond Fund

                                                        [Enlarge/Download Table]

                                                                             PAR VALUE              
                                                          INTEREST  CREDIT     (000s       MARKET   
ISSUER, DESCRIPTION                                         RATE    RATING*   OMITTED)     VALUE    
-------------------                                       --------  -------  ----------  ---------- 
                                                                                                    
Government - U.S. (continued)                                                                       
    Note 05-15-02 ....................................      7.500%    AAA      $19,686   $20,325,795
    Note 08-15-03 ....................................      5.750     AAA       16,935    16,728,562
    Note 02-15-05 ....................................      7.500     AAA       33,690    35,574,619
    Note 07-15-06 ....................................      7.000     AAA       31,907    33,143,396
                                                                                         -----------
                                                                                         314,655,520
                                                                                         -----------
Government - U.S. Agencies (12.62%)                                                                 
  Federal Home Loan Mortgage Corp.,                                                                 
    20 Yr Pass Thru Ctf 01-01-16 .....................     11.250     AAA          582       633,506
  Federal National Mortgage Assn.,                                                                  
    15 Yr Pass Thru Ctf 01-25-05 .....................      8.000     AAA        6,879     6,941,272
    15 Yr Pass Thru Ctf 02-01-08 .....................      7.500     AAA        1,264     1,277,027
    15 Yr Pass Thru Ctf 09-01-10 to 12-01-10 .........      7.000     AAA        3,007     2,994,574
    15 Yr Pass Thru Ctf 12-01-12 .....................      6.500     AAA        8,990     8,795,672
    30 Yr Pass Thru Ctf 11-01-28 .....................      6.500     AAA        3,676     3,507,146
    30 Yr Pass Thru Ctf 10-01-23 .....................      7.000     AAA        5,142     5,048,438
    Bond 05-15-29 ....................................      6.250     AAA       19,585    17,758,111
    Note 05-14-04 ....................................      5.625     AAA       13,500    13,008,465
    Note 08-15-04 ....................................      6.500     AAA       13,945    13,897,029
    Note 09-15-09 ....................................      6.625     AAA       30,210    29,846,574
    Pass Thru Ctf Ser 1997-M8 Class A-1 01-25-22 .....      6.940     AAA        3,237     3,199,651
  Financing Corp.,                                                                                  
    Bond 02-08-18 ....................................      9.400     AAA        7,000     8,643,880
  Government National Mortgage Assn.,                                                               
    30 Yr Pass Thru Ctf 02-15-28 to 07-15-28 .........      6.500     AAA       15,093    14,357,356
    30 Yr Pass Thru Ctf 06-15-28 to 04-15-29 .........      7.000     AAA       25,714    25,110,818
    30 Yr Pass Thru Ctf 02-15-24 to 12-21-29 .........      7.500     AAA       17,089    17,081,742
    30 Yr Pass Thru Ctf 11-15-22 .....................      8.000     AAA        2,765     2,818,199
    30 Yr Pass Thru Ctf 07-15-16 to 01-15-25 .........      9.000     AAA        7,046     7,437,413
    30 Yr Pass Thru Ctf 11-15-19 to 05-15-21 .........      9.500     AAA        1,750     1,861,058
    30 Yr Pass Thru Ctf 06-15-20 to 03-15-25 .........     10.000     AAA          772       836,432
    30 Yr Pass Thru Ctf 01-15-16 .....................     10.500     AAA           56        60,788
    30 Yr Pass Thru Ctf 01-15-16 .....................     11.000     AAA          129       141,788
                                                                                         -----------
                                                                                         185,256,939
                                                                                         -----------
Insurance (3.50%)                                                                                   
  Conseco, Inc.,                                                                                    
    Note 10-15-06 ....................................      9.000     BBB+       4,075     4,144,071
  Equitable Life Assurance Society of the United States,                                            
    Surplus Note 12-01-05 (R) ........................      6.950     A          6,050     5,944,911
  Fairfax Financial Holdings Ltd.,                                                                  
    Note (Canada) 04-15-26 (Y) .......................      8.300     BBB+       3,775     3,410,524
  Liberty Mutual Insurance Co.,                                                                     
    Surplus Note 10-15-26 (R) ........................      7.875     A+         1,460     1,320,731
  Massachusetts Mutual Life Insurance Co.,                                                          
    Surplus Note 11-15-23 (R) ........................      7.625     AA        10,450    10,272,350

SEE NOTES TO FINANCIAL STATEMENTS.

17

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==============================FINANCIAL STATEMENTS==============================

John Hancock Funds - Bond Fund

                                                        [Enlarge/Download Table]

                                                                                  PAR VALUE              
                                                               INTEREST  CREDIT     (000s       MARKET   
ISSUER, DESCRIPTION                                              RATE    RATING*   OMITTED)     VALUE    
-------------------                                            --------  -------  ----------  ---------- 
                                                                                                         
Insurance (continued)                                                                                    
  New York Life Insurance Co.,                                                                           
    Surplus Note 12-15-23 (R) ........................           7.500%    AA-      $15,000   $13,770,000
  Sun Canada Financial Co.,                                                                              
    Gtd Sub Note 12-15-07 (R) ........................           6.625     AA-        7,250     6,873,000
  URC Holdings Corp.,                                                                                    
    Sr Note 06-30-06 (R) .............................           7.875     A-         5,665     5,658,995
                                                                                              -----------
                                                                                               51,394,582
                                                                                              -----------
Leasing Companies (0.18%)                                                                                
  United Rentals, Inc.,                                                                                  
    Sr Sub Note Ser B 04-01-09 .......................           9.000     BB-        2,975     2,692,375
                                                                                              -----------
Leisure (1.39%)                                                                                          
  Harrah's Operating Co., Inc.,                                                                          
    Sr Note 01-15-09 .................................           7.500     BBB-       4,085     3,877,319
  HMH Properties, Inc.,                                                                                  
    Sr Gtd Sec Note Ser A 08-01-05 ...................           7.875     BB         2,380     2,201,500
  Marvel Enterprises, Inc.,                                                                              
    Sr Note 06-15-09 .................................          12.000     B-         1,695     1,576,350
  Premier Parks, Inc.,                                                                                   
    Sr Note 06-15-07 .................................           9.750     B-         2,265     2,259,338
  SFX Entertainment, Inc.,                                                                               
    Gtd Sr Sub Note 12-01-08 .........................           9.125     B-         4,465     4,197,100
  Trump Hotels & Casino Resorts Funding, Inc./Holdings, L.P.,                                            
    Sr Note 06-15-05 .................................          15.500     B-         5,150     4,377,500
  Waterford Gaming LLC,                                                                                  
    Sr Note 03-15-10 (R) .............................           9.500     B+         1,886     1,874,212
                                                                                              -----------
                                                                                               20,363,319
                                                                                              -----------
Media (5.05%)                                                                                            
  Adelphia Communications Corp.,                                                                         
    Sr Note Ser B 10-01-02 ...........................           9.250     B+         4,750     4,797,500
    Sr Note Ser B 07-15-03 ...........................           8.125     B+         2,250     2,185,313
    Sr Note 05-01-09 .................................           7.875     B+         2,285     2,079,350
    Sr Note 11-15-09 .................................           9.375     B+         1,635     1,630,912
  AMFM, Inc.,                                                                                            
    Sr Sub Note 10-01-08 .............................           9.000     B          2,910     3,055,500
  Century Communications Corp.,                                                                          
    Sr Note 08-15-00 .................................           9.500     BB-        2,545     2,567,269
  Charter Communications Holdings, LLC,                                                                  
    Sr Note 04-01-09 .................................           8.625     B+         4,030     3,808,350
  Comcast Cable Communications, Inc.,                                                                    
    Note 11-15-08 ....................................           6.200     BBB        2,900     2,667,826
  Continental Cablevision, Inc.,                                                                         
    Sr Note 05-15-06 .................................           8.300     BBB        3,765     3,932,317
  CSC Holdings, Inc.,                                                                                    
    Sr Note Ser B 07-15-09 ...........................           8.125     BB+        4,510     4,510,000
    Sr Sub Deb 05-15-16 ..............................          10.500     BB-        2,890     3,222,350

SEE NOTES TO FINANCIAL STATEMENTS.

18

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==============================FINANCIAL STATEMENTS==============================

John Hancock Funds - Bond Fund

                                                        [Enlarge/Download Table]

                                                                          PAR VALUE              
                                                       INTEREST  CREDIT     (000s       MARKET   
ISSUER, DESCRIPTION                                      RATE    RATING*   OMITTED)     VALUE    
-------------------                                    --------  -------  ----------  ---------- 
                                                                                                 
Media (continued)                                                                                
  Echostar DBS Corp.,                                                                            
    Sr Note 02-01-09 .................................   9.375%    B         $1,385    $1,391,925
  Falcon Holdings Group L.P.,                                                                    
    Deb Ser B 04-15-10 ...............................   8.375     B          1,810     1,814,525
  Garden State Newspapers, Inc.,                                                                 
    Sr Sub Note 07-01-11 .............................   8.625     B+         2,445     2,200,500
    Sr Sub Note Ser B 10-01-09 .......................   8.750     B+         2,365     2,211,275
  Liberty Media Group,                                                                           
    Note 07-15-29 (R) ................................   8.500     BBB-       3,900     3,960,840
  Mediacom LLC/Mediacom Capital Corp.,                                                           
    Sr Note Ser B 04-15-08 ...........................   8.500     B+         2,880     2,678,400
  News America Holdings, Inc.,                                                                   
    Gtd Sr Deb 08-10-18 ..............................   8.250     BBB-       4,910     4,907,201
  Rogers Cablesystems Ltd.,                                                                      
    Sr Note Ser B (Canada) 03-15-05 (Y) ..............  10.000     BB+        4,880     5,221,600
  TCI Communications, Inc.,                                                                      
    Sr Deb 02-15-26 ..................................   7.875     AA-        4,680     4,779,356
  Time Warner, Inc.,                                                                             
    Deb 01-15-13 .....................................   9.125     BBB        4,865     5,450,162
  TV Guide, Inc.,                                                                                
    Sr Sub Note Ser B 03-01-09 .......................   8.125     B+         3,230     3,181,550
  United Pan-Europe Communications N.V.,                                                         
    Sr Note (Netherlands) 11-01-09 (R) (Y) ...........  11.250     B-         1,795     1,857,825
                                                                                      -----------
                                                                                       74,111,846
                                                                                      -----------
Medical (0.85%)                                                                                  
  Dynacare, Inc.,                                                                                
    Sr Note (Canada) 01-15-06 (Y) ....................  10.750     B+         5,040     4,914,000
  Fresenius Medical Care Capital Trust II,                                                       
    Gtd Trust Preferred Security 02-01-08 ............   7.875     B+         3,480     3,166,800
  Quest Diagnostics, Inc.,                                                                       
    Sr Sub Note 12-15-06 .............................  10.750     B+         3,185     3,328,325
  Sola International, Inc.,                                                                      
    Note 03-15-08 ....................................   6.875     BBB-       1,260     1,103,584
                                                                                      -----------
                                                                                       12,512,709
                                                                                      -----------
Metal (0.38%)                                                                                    
  Golden Northwest Aluminium, Inc.,                                                              
    1st Mtg Note 12-15-06 ............................  12.000     BB-        2,465     2,569,762
  National Steel Corp.,                                                                          
    1st Mtg Ser D 03-01-09 ...........................   9.875     B+         2,895     2,981,850
                                                                                      -----------
                                                                                        5,551,612
                                                                                      -----------
Mortgage Banking (3.12%)                                                                         
  Citibank Credit Card Master Trust I,                                                           
    Pass Thru Ctf Ser 1997-7 Class A 08-15-02 ........   6.350     AAA        3,955     3,943,926
  ContiMortgage Home Equity Loan Trust,                                                          
    Pass Thru Ctf Ser 1995-2 Class A-5 08-15-25 ......   8.100     AAA        3,880     3,906,675

SEE NOTES TO FINANCIAL STATEMENTS.

19

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==============================FINANCIAL STATEMENTS==============================

John Hancock Funds - Bond Fund

                                                        [Enlarge/Download Table]

                                                                                     PAR VALUE              
                                                                  INTEREST  CREDIT     (000s       MARKET   
ISSUER, DESCRIPTION                                                 RATE    RATING*   OMITTED)     VALUE    
-------------------                                               --------  -------  ----------  ---------- 
                                                                                                            
Mortgage Banking (continued)                                                                                
  Credit Suisse First Boston Mortgage Securities Corp.                                                      
    Commercial Mtg Pass Thru Ctf Ser 1998-C1 Class A-1A 12-17-07    6.260%    AAA       $5,055    $4,889,329
  Deutsche Mortgage & Asset Receiving Corp.,                                                                
    Commercial Mtg Pass Thru Ctf Ser 1998-C1 Class C 03-15-08       6.861     A2         3,585     3,312,764
  FirstPlus Home Loan Trust,                                                                                
    Pass Thru Ctf Ser 1998-4 Class A-5 01-10-18 ......              6.380     AAA        6,220     5,940,100
  GMAC Commercial Mortgage Securities, Inc.,                                                                
    Pass Thru Ctf Ser 1997-C2 Class A-3 11-15-07 .....              6.566     Aaa        6,025     5,796,050
  IMC Home Equity Loan Trust,                                                                               
    Pass Thru Ctf Ser 1996-1 Class A-5 12-25-13 ......              6.290     AAA        6,816     6,773,877
  Salomon Brothers Mortgage Securities VII, Inc.,                                                           
    Mtg Pass Thru Ctf Ser 1997-HUD2 Class A-2 07-25-24              6.750     Aaa        3,940     3,905,761
  UCFC Home Equity Loan Trust,                                                                              
    Pass Thru Ctf Ser 1996-D1 Class A6 02-15-25 ......              7.180     AAA        7,260     7,276,448
                                                                                                 -----------
                                                                                                  45,744,930
                                                                                                 -----------
Oil & Gas (1.49%)                                                                                           
  Amerada Hess Corp.,                                                                                       
    Bond 10-01-29 ....................................              7.875     BBB        4,660     4,601,750
  CMS Panhandle Holding Co.,                                                                                
    Sr Note 07-15-29 .................................              7.000     BBB-       2,940     2,660,700
  Ocean Energy, Inc.,                                                                                       
    Sr Sub Note Ser B 07-15-07 .......................              8.875     B-         1,960     1,979,600
  Petroleum Geo-Services,                                                                                   
    Sr Note (Norway) 03-30-08 (Y) ....................              6.625     BBB        4,165     3,880,489
  Snyder Oil Corp.,                                                                                         
    Sr Sub Note 06-15-07 .............................              8.750     BB-        2,555     2,548,612
  Swift Energy Co.,                                                                                         
    Sr Sub Note 08-01-09 .............................             10.250     B-         1,605     1,629,075
  Triton Energy Ltd.,                                                                                       
    Sr Note 04-15-02 .................................              8.750     BB-        4,630     4,612,638
                                                                                                 -----------
                                                                                                  21,912,864
                                                                                                 -----------
Paper & Paper Products (0.94%)                                                                              
  Fort James Corp.,                                                                                         
    Sr Note 09-15-02 .................................              6.500     BBB        4,110     4,031,992
  Packaging Corp. of America,                                                                               
    Sr Sub Note 04-01-09 .............................              9.625     B          3,135     3,236,888
  S.D. Warren Co.,                                                                                          
    Sr Sub Note Ser B 12-15-04 .......................             12.000     B+         6,195     6,473,775
                                                                                                 -----------
                                                                                                  13,742,655
                                                                                                 -----------
Real Estate Investment Trust (1.39%)                                                                        
  American Health Properties, Inc.,                                                                         
    Note 01-15-07 ....................................              7.500     BBB-       3,510     2,968,758
  Cabot Industrial Properties, L.P.,                                                                        
    Note 05-01-04 ....................................              7.125     BBB-       3,400     3,281,000

SEE NOTES TO FINANCIAL STATEMENTS.

20

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==============================FINANCIAL STATEMENTS==============================

John Hancock Funds - Bond Fund

                                                        [Enlarge/Download Table]

                                                                          PAR VALUE              
                                                       INTEREST  CREDIT     (000s       MARKET   
ISSUER, DESCRIPTION                                      RATE    RATING*   OMITTED)     VALUE    
-------------------                                    --------  -------  ----------  ---------- 
                                                                                                 
Real Estate Investment Trust (continued)                                                         
  Camden Property Trust,                                                                         
    Note 04-15-04 ....................................   7.000%    BBB       $3,755    $3,641,373
  Liberty Property L.P.,                                                                         
    Med Term Note 06-05-02 ...........................   6.600     BBB-       2,990     2,900,300
  ProLogis Trust,                                                                                
    Sr Note 04-15-04 .................................   6.700     BBB+       3,520     3,370,189
  TriNet Corporate Realty Trust, Inc.,                                                           
    Note 05-15-01 ....................................   7.300     BB         4,395     4,251,723
                                                                                      -----------
                                                                                       20,413,343
                                                                                      -----------
Retail (1.00%)                                                                                   
  Great Atlantic & Pacific Tea Co., Inc. (The),                                                  
    Note 04-15-07 ....................................   7.750     BBB-       3,130     2,973,437
  Meyer (Fred), Inc.,                                                                            
    Note 03-01-08 ....................................   7.450     BBB-       4,605     4,528,281
  Pathmark Stores, Inc.,                                                                         
    Sub Note 06-15-02 ................................  11.625     CCC+       4,700     4,664,750
  Safeway, Inc.,                                                                                 
    Note 11-15-01 ....................................   5.875     BBB        2,480     2,427,598
                                                                                      -----------
                                                                                       14,594,066
                                                                                      -----------
Revenue Bonds (0.88%)                                                                            
  Massachusetts Bay Transportation Authority,                                                    
    Gen Trans Sys Ser 1998B 03-01-28 .................   5.000     AAA        5,255     4,508,002
  Massachusetts Water Resource Authority,                                                        
    Ref Gen Rev Ser D 08-01-24 .......................   5.000     AAA        4,495     3,904,132
  New York State Dormitory Authority,                                                            
    Mental Hlth Serv Facil Imp Rev Ser 1998D 02-15-23    5.000     AAA        5,200     4,523,324
                                                                                      -----------
                                                                                       12,935,458
                                                                                      -----------
Telecommunications (5.67%)                                                                       
  AXIA, Inc.,                                                                                    
    Sr Sub Note 07-15-08 .............................  10.750     B-         1,625     1,478,750
  Clearnet Communications, Inc.,                                                                 
    Sr Disc Note, Step Coupon (10.125%, 05-01-04)                                                
    (Canada) 05-01-09 (A) (Y) ........................    Zero     BB-        6,020     3,687,250
  Crown Castle International Corp.,                                                              
    Sr Note 05-15-11 .................................   9.000     B          4,025     3,934,438
  Global Crossing Holdings Ltd.,                                                                 
    Sr Note 11-15-06 (R) .............................   9.125     BB         1,625     1,600,625
    Sr Note 11-15-09 (R) .............................   9.500     BB         3,860     3,806,925
  GTE North, Inc.,                                                                               
    Deb Ser H 11-15-08 ...............................   5.650     AA-        5,715     5,134,127
  Hermes Europe Railtel B.V.,                                                                    
    Sr Note (Netherlands) 08-15-07 (Y) ...............  11.500     B          2,950     3,031,125
    Sr Note (Netherlands) 01-15-09 (Y) ...............  10.375     B          1,515     1,492,275
  LCI International, Inc.,                                                                       
    Sr Note 06-15-07 .................................   7.250     BB+        3,825     3,699,387

SEE NOTES TO FINANCIAL STATEMENTS.

21

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==============================FINANCIAL STATEMENTS==============================

John Hancock Funds - Bond Fund

                                                        [Enlarge/Download Table]

                                                                             PAR VALUE              
                                                          INTEREST  CREDIT     (000s       MARKET   
ISSUER, DESCRIPTION                                         RATE    RATING*   OMITTED)     VALUE    
-------------------                                       --------  -------  ----------  ---------- 
                                                                                                    
Telecommunications (continued)                                                                      
  Lenfest Communications, Inc.,                                                                     
    Sr Sub Note 06-15-06 .............................     10.500%    BB-       $5,645    $6,378,850
  McLeodUSA, Inc.,                                                                                  
    Sr Note 11-01-08 .................................      9.500     B+         3,270     3,294,525
  Metromedia Fiber Network, Inc.,                                                                   
    Sr Note Ser B 11-15-08 ...........................     10.000     B+         3,950     3,989,500
  MetroNet Communications Corp.,                                                                    
    Sr Note (Canada) 08-15-07 (Y) ....................     12.000     BBB        2,425     2,800,875
  Nextel Communications, Inc.,                                                                      
    Sr Disc Note, Step Coupon (9.95%, 02-15-03)                                                     
    02-15-08 (A) .....................................       Zero     B          3,225     2,273,625
    Sr Note 11-15-09 (R) .............................      9.375     B          3,260     3,235,550
  NEXTLINK Communications, Inc.,                                                                    
    Sr Note 11-15-08 .................................     10.750     B          2,605     2,670,125
  NTL Communications Corp.,                                                                         
    Sr Note Ser B 10-01-08 ...........................     11.500     B-         4,350     4,719,750
  Omnipoint Corp.,                                                                                  
    Sr Note 09-15-09 (R) .............................     11.500     CCC+       2,620     2,829,600
  Orange Plc,                                                                                       
    Sr Note (United Kingdom) 08-01-08 (Y) ............      8.000     BBB        3,250     3,298,750
  RCN Corp.,                                                                                        
    Sr Note 10-15-07 .................................     10.000     B3         2,315     2,315,000
  Sprint Capital Corp.,                                                                             
    Gtd Note 05-01-19 ................................      6.900     BBB+       4,700     4,344,304
  Tritel PCS, Inc.,                                                                                 
    Sr Disc Note, Step Coupon (12.75%, 05-15-04)                                                    
    05-15-09 (A) (R) .................................       Zero     B3         1,280       819,200
  Triton PCS, Inc.,                                                                                 
    Gtd Sr Sub Disc Note, Step Coupon (11.00%, 05-01-03)                                            
    05-01-08 (A) .....................................       Zero     CCC+       2,440     1,720,200
  WorldCom, Inc.,                                                                                   
    Sr Note 08-15-01 .................................      6.125     A-         6,230     6,178,727
  Worldwide Fiber, Inc.,                                                                            
    Sr Note (Canada) 12-15-05 (Y) ....................     12.500     B+         4,340     4,502,750
                                                                                         -----------
                                                                                          83,236,233
                                                                                         -----------
Transport (5.10%)                                                                                   
  America West Airlines, Inc.,                                                                      
    Pass Thru Ctf Ser 1996-1B 01-02-08 ...............      6.930     A-         3,634     3,471,368
  Continental Airlines, Inc.,                                                                       
    Pass Thru Ctf Ser 1996-C 10-15-13 ................      9.500     BBB+       4,557     4,753,796
    Pass Thru Ctf Ser 1999-1A 08-02-20 ...............      6.545     AA+        5,613     5,155,223
    Note 12-15-05 ....................................      8.000     BB-        3,915     3,592,012
  Fine Air Services, Inc.,                                                                          
    Sr Note 06-01-08 .................................      9.875     B          3,735     3,174,750
  Humpuss Funding Corp.,                                                                            
    Gtd Note (Indonesia) 12-15-09 (R) (Y) ............      7.720     B3         2,072     1,443,695

SEE NOTES TO FINANCIAL STATEMENTS.

22

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==============================FINANCIAL STATEMENTS==============================

John Hancock Funds - Bond Fund

                                                        [Enlarge/Download Table]

                                                                          PAR VALUE              
                                                       INTEREST  CREDIT     (000s       MARKET   
ISSUER, DESCRIPTION                                      RATE    RATING*   OMITTED)     VALUE    
-------------------                                    --------  -------  ----------  ---------- 
                                                                                                 
Transport (continued)                                                                            
  Northwest Airlines, Inc.,                                                                      
    Gtd Note 03-15-04 ................................   8.375%    BB        $4,505    $4,283,759
    Pass Thru Ctf Ser 1996-1C 01-02-05 ...............  10.150     BBB-       2,581     2,555,665
    Pass Thru Ctf Ser 1996-1D 01-02-15 ...............   8.970     BBB-       3,624     3,623,444
  NWA Trust,                                                                                     
    Sr Note Ser A 12-21-12 ...........................   9.250     AA         5,164     5,459,526
  Railcar Trust No. 1992-1,                                                                      
    Pass Thru Ser 1992-1 Class A 06-01-04 ............   7.750     AAA       11,630    11,814,121
  Ucar Global Enterprises, Inc.,                                                                 
    Sr Sub Note 01-15-05 .............................  12.000     B          6,470     6,728,800
  Union Pacific Corp.,                                                                           
    Deb 02-01-29 .....................................   6.625     BBB-       4,685     4,005,300
  US Airways, Inc.,                                                                              
    Pass Thru Ctf Ser 1989-A2 01-01-13 ...............   9.820     BB         5,125     4,984,063
    Pass Thru Ctf Ser 1990-A1 03-19-05 ...............  11.200     BB         7,317     7,536,068
  Wisconsin Central Transportation Corp.,                                                        
    Note 04-15-08 ....................................   6.625     BBB-       2,470     2,283,219
                                                                                      -----------
                                                                                       74,864,809
                                                                                      -----------
Utilities (10.62%)                                                                               
  AES Eastern Energy,                                                                            
    Pass Thru Ctf 07-02-17 (R) .......................   9.000     BBB-       3,660     3,500,058
  Beaver Valley Funding Corp.,                                                                   
    Sec Lease Oblig Bond 06-01-17 ....................   9.000     BB-        5,005     5,067,562
  BVPS II Funding Corp.,                                                                         
    Collateralized Lease Bond 06-01-17 ...............   8.890     BB-        6,600     6,765,000
  Calpine Corp.,                                                                                 
    Sr Note 05-15-06 .................................  10.500     BB+        4,650     4,836,000
  Cleveland Electric Illuminating Co.,                                                           
    1st Mtg Ser B 05-15-05 ...........................   9.500     BB+       10,220    10,616,025
  CMS Energy Corp.,                                                                              
    Sr Note Ser B 01-15-04 ...........................   6.750     BB         3,545     3,364,276
    Sr Note 01-15-09 .................................   7.500     BB         5,250     4,830,000
  Connecticut Light & Power Co.,                                                                 
    1st Ref Mtg Ser C 06-01-02 .......................   7.750     BBB-       1,900     1,929,887
    Note 06-05-03 (R) ................................   8.590     BBB-       2,350     2,365,839
  East Coast Power LLC,                                                                          
    Sr Sec Note 03-31-12 (R) .........................   7.066     BBB-       4,670     4,237,885
  EIP Funding-PNM,                                                                               
    Sec Fac Bond 10-01-12 ............................  10.250     BBB-       8,923     9,633,182
  GG1B Funding Corp.,                                                                            
    Deb 01-15-11 .....................................   7.430     BBB-       3,668     3,513,084
  Hydro-Quebec,                                                                                  
    Gtd Bond (Canada) 02-01-21 (Y) ...................   9.400     A+         3,140     3,724,856
    Gtd Deb (Canada) 02-01-03 (Y) ....................   7.375     A+         7,185     7,276,034
    Gtd Deb Ser FU (Canada) 02-01-12 (Y) .............  11.750     A+         5,000     6,717,750

SEE NOTES TO FINANCIAL STATEMENTS.

23

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==============================FINANCIAL STATEMENTS==============================

John Hancock Funds - Bond Fund

                                                        [Enlarge/Download Table]

                                                                                            PAR VALUE                
                                                                      INTEREST    CREDIT      (000s         MARKET   
ISSUER, DESCRIPTION                                                     RATE      RATING*    OMITTED)       VALUE    
-------------------                                                   --------    -------   ----------    ---------- 
                                                                                                                     
Utilities (continued)                                                                                                
  Iberdrola International B.V.,                                                                                      
    Note 10-01-02 ....................................                  7.500%      AA-        $8,000      $8,109,840
    Note (Netherlands) 06-01-03 (R) (Y) ..............                  7.125       AA-         8,629       8,682,759
  Long Island Lighting Co.,                                                                                          
    Deb 03-15-23 .....................................                  8.200       A-          5,615       5,615,000
  Midland Cogeneration Venture L.P.,                                                                                 
    Sec Deb Ser C-91 07-23-02 ........................                 10.330       BBB-        7,807       8,065,272
  Midland Funding Corp. II,                                                                                          
    Deb Ser A 07-23-05 ...............................                 11.750       BB          5,130       5,607,552
    Deb Ser B 07-23-06 ...............................                 13.250       BB          1,900       2,263,090
  Monterrey Power S.A. de C.V.,                                                                                      
    Sr Sec Bond (Mexico) 11-15-09 (R) (Y) ............                  9.625       BB          1,320       1,128,600
  Niagara Mohawk Power Corp.,                                                                                        
    Deb 01-01-18 .....................................                  8.770       BBB         6,900       7,185,867
  North Atlantic Energy Corp.,                                                                                       
    1st Mtg Ser A 06-01-02 ...........................                  9.050       BB-         3,575       3,633,523
  Northeast Utilities,                                                                                               
    Note Ser A 12-01-06 ..............................                  8.580       BB-           979         982,466
  PECO Energy Transition Trust,                                                                                      
    Pass Thru Ctf Ser 1999-A Class A-6 03-01-09 ......                  6.050       AAA         4,481       4,256,950
  PNPP II Funding Corp.,                                                                                             
    Deb 05-30-16 .....................................                  9.120       BB-         3,905       4,135,825
  System Energy Resources, Inc.,                                                                                     
    1st Mtg 08-01-01 .................................                  7.710       BBB-        5,525       5,541,575
  U.S. West Capital Funding, Inc.,                                                                                   
    Gtd Deb 07-15-28 .................................                  6.875       A-          4,695       4,197,612
  Waterford 3 Funding Corp.,                                                                                         
    Sec Lease Obligation Bond 01-02-17 ...............                  8.090       BBB-        8,289       8,041,734
                                                                                                          -----------
                                                                                                          155,825,103
                                                                                                          -----------
                                                                              TOTAL BONDS                            
                                                                    (Cost $1,406,068,623)      (92.33%) 1,355,045,288
                                                                                              -------   -------------


                                                                                            NUMBER OF                
                                                                                              SHARES                 
                                                                                           OR WARRANTS               
                                                                                           -----------               
                                                                                                                     
PREFERRED STOCKS AND WARRANTS                                                                                        
  California Federal Preferred Capital Corp., 9.125%, Ser A, Preferred Stock ............     327,190       7,484,471
  CSC Holdings, Inc., 11.125%, Ser M, Preferred Stock ...................................      49,150       5,332,775
  CSC Holdings, Inc., 11.750%, Ser H, Preferred Stock ...................................       8,688         938,304
  MetroNet Communications Corp., Warrant (Canada) (R) (Y) ...............................       4,625         531,875
  Packaging Corp. of America, 12.375%, Preferred Stock ..................................      16,929       1,845,261
                                                                                           ----------      ----------
                                                      TOTAL PREFERRED STOCKS AND WARRANTS                            
                                                                       (Cost $16,047,038)       (1.10%)    16,132,686
                                                                                           ----------      ----------

SEE NOTES TO FINANCIAL STATEMENTS.

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==============================FINANCIAL STATEMENTS==============================

John Hancock Funds - Bond Fund

                                                        [Enlarge/Download Table]

                                                                                                  PAR VALUE                 
                                                                                        INTEREST    (000s        MARKET     
ISSUER, DESCRIPTION                                                                       RATE     OMITTED)       VALUE     
-------------------                                                                     --------  ---------      ------     
                                                                                                                            
SHORT-TERM INVESTMENTS                                                                                                      
Joint Repurchase Agreement (5.17%)                                                                                          
  Investment in a joint repurchase agreement transaction with Barclay's, Inc. -                                             
    Dated 11-30-99, due 12-01-99 (Secured by U.S. Treasury Bonds, 7.500% thru                                               
    11.625%, due 11-15-04 thru 11-15-22 and U.S. Treasury Notes, 6.625% thru                                                
    7.500%, due 03-31-02 thru                                                                                               
    02-15-05) - Note A ...........................................................        5.690%   $75,911       $75,911,000
                                                                                                              --------------
Corporate Savings Account (0.00%)                                                                                           
  Investors Bank & Trust Company                                                                                            
    Daily Interest Savings Account                                                                                          
    Current Rate 4.50% ...........................................................                                        57
                                                                                                              --------------
                                                                    TOTAL SHORT-TERM INVESTMENTS     (5.17%)      75,911,057
                                                                                                   -------    --------------
                                                                               TOTAL INVESTMENTS    (98.60%)   1,447,089,031
                                                                                                   -------    --------------
                                                               OTHER ASSETS AND LIABILITIES, NET     (1.40%)      20,475,457
                                                                                                   -------    --------------
                                                                                TOTAL NET ASSETS   (100.00%)  $1,467,564,488
                                                                                                   =======    ==============

(A)   Cash interest will paid on this obligation at the stated rate beginning on
the stated date.                                                    

(R)   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 $132,204,954 or 9.01% of net assets as of
November 30, 1999.                                                  

(Y)   Parenthetical disclosure of a foreign country in the security description 
    represents country of a foreign issuer; however, security is U.S. dollar
denominated.                                                        

*     Credit ratings are unaudited and rated by Standard and Poor's where       
  available, or Moody's Investors Service or John Hancock Advisers, Inc.
where Standard and Poor's ratings are not available.                

The percentage shown for each investment category is the total value of that    
category as a percentage of the net assets of the Fund.                         

SEE NOTES TO FINANCIAL STATEMENTS.

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==========================NOTES TO FINANCIAL STATEMENTS=========================

John Hancock Funds - Bond Fund

(UNAUDITED)                                                                     

NOTE A -                                                                        
ACCOUNTING POLICIES                                                             

John Hancock Sovereign Bond Fund (the "Trust") is a diversified open-end        
investment management company, registered under the Investment Company Act of   
1940. The Trust consists of one series: John Hancock Bond Fund (the "Fund"). The
investment objective of the Fund is to generate a high level of current income, 
consistent with prudent investment risk, through investment in a diversified    
portfolio of freely marketable debt securities.                                 

      The Trustees have authorized the issuance of multiple classes of the Fund,
designated as Class A, Class B and Class C. The shares of each class represent  
an interest in the same portfolio of investments of the Fund and have equal     
rights to voting, redemption, dividends and liquidation, except that certain    
expenses, subject to the approval of the Trustees, may be applied differently to
each class of shares in accordance with current regulations of the Securities   
and Exchange Commission and the Internal Revenue Service. Shareholders of a     
class which bears distribution and service expenses under the terms of a        
distribution plan have exclusive voting rights regarding such a distribution    
plan.                                                                           

Significant accounting policies of the Fund are as follows:         

VALUATION OF INVESTMENTS Securities in the Fund's portfolio are valued on the   
basis of market quotations, valuations provided by independent pricing services 
or at fair value as determined in good faith in accordance with procedures      
approved by the Trustees. Short-term debt investments maturing within 60 days   
are valued at amortized cost, which approximates market value.                  

JOINT REPURCHASE AGREEMENT Pursuant to an exemptive order issued by the         
Securities and Exchange Commission, the Fund, along with other registered       
investment companies having a management contract with John Hancock Advisers,   
Inc. (the "Adviser"), a wholly owned subsidiary of The Berkeley Financial Group,
Inc., may participate in a joint repurchase agreement transaction. Aggregate    
cash balances are invested in one or more repurchase agreements, whose          
underlying securities are obligations of the U.S. government and/or its         
agencies. The Fund's custodian bank receives delivery of the underlying         
securities for the joint account on the Fund's behalf. The Adviser is           
responsible for ensuring that the agreement is fully collateralized at all      
times.                                                                          

INVESTMENT TRANSACTIONS Investment transactions are recorded as of the date of  
purchase, sale or maturity. Net realized gains and losses on sales of           
investments are determined on the identified cost basis.                        

FEDERAL INCOME TAXES The Fund qualifies as a "regulated investment company" by  
complying with the applicable provisions of the Internal Revenue Code and will  
not be subject to federal income tax on taxable income which is distributed to  
shareholders. Therefore, no federal income tax provision is required.           

     For federal income tax purposes, the Fund has $23,620,416 of capital loss
carryforwards available, to the extent provided by regulations, to offset future
net realized capital gains. To the extent that such carryforwards are used by   
the Fund, no capital gain distributions will be made. The carryforwards expire  
as follows: May 31, 2001 -- $4,066,817, May 31, 2002 -- $9,347,493, May 31, 2004
-- $8,402,805, May 31, 2005 -- $1,183,431 and May 31, 2007 -- $619,870. Expired 
capital loss carryforwards are reclassified to capital paid-in in the year of   
expiration.                                                                     

DIVIDENDS, DISTRIBUTIONS AND INTEREST Interest income on investment securities  
is recorded on the accrual basis.                                               

  The Fund records all distributions to shareholders from net investment
income and realized gains on the ex-dividend date. Such distributions are       
determined in conformity with income tax regulations, which may differ from     
generally accepted accounting principles. Dividends paid by the Fund with       
respect to each class of shares will be calculated in the same manner, at the   
same time and will be in the same amount, except for the effect of expenses that
may be applied differently to each class.                                       

DISCOUNT ON SECURITIES The Fund accretes discount from par value on securities  
from either the date of issue or the date of purchase over the life of the      
security, as required by the Internal Revenue Code.                             

CLASS ALLOCATIONS Income, common expenses and realized and unrealized gains     
(losses) are determined at the Fund level and allocated daily to each class of  
shares based on the appropriate net assets of the respective classes.           
Distribution and service fees, if any, are calculated                           

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==========================NOTES TO FINANCIAL STATEMENTS=========================

John Hancock Funds - Bond Fund

daily at the class level based on the appropriate net assets of each class and  
the specific expense rate(s) applicable to each class.                          

USE OF ESTIMATES The preparation of these financial statements in accordance    
with generally accepted accounting principles incorporates estimates made by    
management in determining the reported amounts of assets, liabilities, revenues 
and expenses of the Fund. Actual results could differ from these estimates.     

BANK BORROWINGS The Fund is permitted to have bank borrowings for temporary or  
emergency purposes, including the meeting of redemption requests that otherwise 
might require the untimely disposition of securities. The Fund entered into a   
syndicated line of credit agreement with various banks that enables the Fund to 
participate with other funds managed by the Adviser in an unsecured line of     
credit with banks which permit borrowings up to $500 million, collectively.     
Interest is charged to each fund, based on its borrowing. In addition, a        
commitment fee based on the average daily unused portion of the line of credit  
is allocated among the participating funds. The Fund had no borrowing activity  
for the period ended November 30, 1999.                                         

FINANCIAL FUTURES CONTRACTS The Fund may buy and sell financial futures         
contracts for speculative purposes and/or to hedge against the effects of       
fluctuations in interest rates and other market conditions. Buying futures tends
to increase the Fund's exposure to the underlying instrument. Selling futures   
tends to decrease the Fund's exposure to the underlying instrument or hedge     
other Fund instruments. At the time the Fund enters into a financial futures    
contract, it will be required to deposit with its custodian a specified amount  
of cash or U.S. government securities, known as "initial margin," equal to a    
certain percentage of the value of the financial future contracts being traded. 
Each day, the futures contract is valued at the official settlement price of the
board of trade or U.S. commodities exchange on which it trades. Subsequent      
payments to and from the broker, known as "variation margin," are made on a     
daily basis as the market price of the financial futures contract fluctuates.   
Daily variation margin adjustments, arising from this "mark to market," are     
recorded by the Fund as unrealized gains or losses.                             

    When the contracts are closed, the Fund recognizes a gain or loss. Risks
of entering into futures contracts include the possibility that there may be an 
illiquid market and/or that a change in the value of the contract may not       
correlate with changes in the value of the underlying securities. In addition,  
the Fund could be prevented from opening or realizing the benefits of closing   
out futures positions because of position limits or limits on daily price       
fluctuations imposed by an exchange.                                            

    For federal income tax purposes, the amount, character and timing of the
Fund's gains and/or losses can be affected as a result of futures transactions. 

    At November 30, 1999, open positions in financial futures contracts were
as follows:                                                                     

                                                                  UNREALIZED
EXPIRATION             OPEN CONTRACTS              POSITION        APPRECIATION 
----------             --------------              --------        ------------ 
DEC 99             149 U.S. TREASURY BOND            SHORT           $354,457   
                                                                  ========

     At November 30, 1999, the Fund had deposited $220,000 par value of United
States Treasury Bonds, 7.125%, due 02-15-23, in a segregated account to cover   
margin requirements on open financial futures contracts.                        

OPTIONS Listed options are valued at the last quoted sales price on the exchange
on which they are primarily traded. Over-the-counter options are valued at the  
mean between the last bid and asked prices. Upon the writing of a call or put   
option, an amount equal to the premium received by the Fund is included in the  
Statement of Assets and Liabilities as an asset and corresponding liability. The
amount of the liability is subsequently marked to market to reflect the current 
market value of the written option.                                             

 The Fund may use option contracts to manage its exposure to the stock
market. Writing puts and buying calls tend to increase the Fund's exposure to   
the underlying instrument and buying puts and writing calls tend to decrease the
Fund's exposure to the underlying instrument, or hedge other Fund investments.  

     The maximum exposure to loss for any purchased options will be limited to
the premium initially paid for the option. In all other cases, the face (or     
"notional") amount of each contract at value reflects the maximum exposure of   
the Fund in these contracts, but the actual exposure will be limited to the     
change in value of the contract over the period the contract remains open.      

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==========================NOTES TO FINANCIAL STATEMENTS=========================

John Hancock Funds - Bond Fund

      Risks may also arise if counterparties do not perform under the contracts'
terms ("credit risk"), or if the Fund is unable to offset a contract with a     
counterparty on a timely basis ("liquidity risk"). Exchange-traded options have 
minimal credit risk as the exchanges act as counterparties to each transaction, 
and only present liquidity risk in highly unusual market conditions. To minimize
credit risk and liquidity risks in over-the-counter option contracts, the Fund  
will continuously monitor the creditworthiness of all its counterparties.       

  At any particular time, except for purchased options, market or credit
risk may involve amounts in excess of those reflected in the Fund's period-end  
Statement of Assets and Liabilities.                                            

At November 30, 1999, there were no written option transactions.    

NOTE B -                                                                        
MANAGEMENT FEE AND TRANSACTIONS                                                 
WITH AFFILIATES AND OTHERS                                                      

Under the present investment management contract, the Fund pays a monthly fee to
the Adviser for a continuous investment program equivalent on an annual basis to
the sum of (a) 0.50% of the first $1,500,000,000 of the Fund's average daily net
asset value, (b) 0.45% of the next $500,000,000, (c) 0.40% of the next          
$500,000,000 and (d) 0.35% of the Fund's average daily net asset value in excess
of $2,500,000,000.                                                              

    The Fund has a distribution agreement with John Hancock Funds, Inc. ("JH
Funds"), a wholly owned subsidiary of the Adviser. For the period ended November
30, 1999, net sales charges received with regard to sales of Class A shares     
amounted to $350,362. Out of this amount, $25,770 was retained and used for     
printing prospectuses, advertising, sales literature and other purposes, $93,661
was paid as sales commissions to unrelated broker-dealers and $230,931 was paid 
as sales commissions to sales personnel of Signator Investors, Inc. ("Signator  
Investors"), a related broker-dealer, formerly known as John Hancock            
Distributors, Inc. The Adviser's indirect parent, John Hancock Mutual Life      
Insurance Company ("JHMLICo"), is the indirect sole shareholder of Signator     
Investors.                                                                      

  Class B shares which are redeemed within six years of purchase will be
subject to a contingent deferred sales charge ("CDSC") at declining rates       
beginning at 5.0% of the lesser of the current market value at the time of      
redemption or the original purchase cost of the shares being redeemed. Proceeds 
from the CDSC are paid to JH Funds and are used in whole or in part to defray   
its expenses related to providing distribution related services to the Fund in  
connection with the sale of Class B shares. For the period ended November 30,   
1999, contingent deferred sales charges received by JH Funds amounted to        
$381,313.                                                                       

 Class C shares which are redeemed within one year of purchase will be
subject to a CDSC at a rate of 1.0% of the lesser of the current market value at
the time of redemption or the original purchase cost of the shares being        
redeemed. Proceeds from the CDSC are paid to JH Funds and are used in whole or  
in part to defray its expenses related to providing distribution related        
services to the Fund in connection with the sale of Class C shares. For the     
period ended November 30, 1999, contingent deferred sales charges received by JH
Funds amounted to $3,841.                                                       

In addition, to reimburse JH Funds for the services it provides as  
distributor of shares of the Fund, the Fund has adopted Distribution Plans with 
respect to Class A, Class B and Class C pursuant to Rule 12b-1 under the        
Investment Company Act of 1940. Accordingly, the Fund will make payments to JH  
Funds for distribution and service expenses, at an annual rate not to exceed    
0.30% of Class A average daily net assets and 1.00% of Class B and Class C      
average daily net assets, to reimburse JH Funds for its distribution and service
costs. A maximum of 0.25% of these payments may be service fees as defined by   
the Conduct Rules of the National Association of Securities Dealers. Under the  
Conduct Rules, curtailment of a portion of the Fund's 12b-1 payments could occur
under certain circumstances.                                                    

The Fund has a transfer agent agreement with John Hancock Signature 
Services, Inc. ("Signature Services"), an indirect subsidiary of JHMLICo. The   
Fund pays transfer agent fees based on the number of shareholder accounts and   
certain out-of-pocket expenses.                                                 

The Fund has an agreement with the Adviser to perform necessary tax,
accounting and legal services for the Fund. The compensation for the period was 
at an annual rate of less than 0.02% of the average net assets of the Fund.     

  Mr. Stephen L. Brown, Ms. Maureen R. Ford, Ms. Anne C. Hodsdon and Mr.
Richard S. Scipione are trustees and/or officers of the Adviser,                

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==========================NOTES TO FINANCIAL STATEMENTS=========================

John Hancock Funds - Bond Fund

and/or its affiliates, as well as Trustees of the Fund. The compensation of     
unaffiliated Trustees is borne by the Fund. The unaffiliated Trustees may elect 
to defer for tax purposes their receipt of this compensation under the John     
Hancock Group of Funds Deferred Compensation Plan. The Fund makes investments   
into other John Hancock funds, as applicable, to cover its liability for the    
deferred compensation. Investments to cover the Fund's deferred compensation    
liability are recorded on the Fund's books as an other asset. The deferred      
compensation liability and the related other asset are always equal and are     
marked to market on a periodic basis to reflect any income earned by the        
investment as well as any unrealized gains or losses. The investment had no     
impact on the operations of the Fund.                                           

NOTE C -                                                                        
INVESTMENT TRANSACTIONS                                                         

Purchases and proceeds from sales and maturities of securities, other than      
obligations of the U.S. government and its agencies and short-term securities,  
during the period ended November 30, 1999, aggregated $442,757,922 and          
$570,053,112, respectively. Purchases and proceeds from sales of obligations and
maturities of the U.S. government and its agencies, during the period ended     
November 30, 1999, aggregated $673,206,188 and $594,980,010, respectively.      

The cost of investments owned at November 30, 1999 (excluding the   
corporate savings account) for federal income tax purposes was $1,500,181,071.  
Gross unrealized appreciation and depreciation of investments aggregated        
$12,308,375 and $65,400,472, respectively, resulting in net unrealized          
depreciation of $53,092,097.                                                    

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=====================================NOTES======================================

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=====================================NOTES======================================

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================================================================================

                                                                   -------------
[LOGO] JOHN HANCOCK FUNDS                                            Bulk Rate  
      A Global Investment Management Firm                         U.S. Postage
                                                                  PAID
101 HUNTINGTON AVENUE, BOSTON, MA 02199-7603                       Randolph, MA 
1-800-225-5291  1-800-554-6713 (TDD)                               Permit No. 75
INTERNET: www.jhfunds.com                                          -------------

--------------------------------------------------------------------------------

  This report is for the information of shareholders of the John Hancock
Bond Fund. It may be used as sales literature when preceded or accompanied by   
the current prospectus, which details charges, investment objectives and        
operating policies.                                                             

[Recycle Logo] Printed on Recycled Paper                             210SA 11/99
                                                                            1/00

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Dates Referenced Herein and Documents Incorporated by Reference

		Referenced-On Page
This ‘N-30D’ Filing	Date	First	Last	Other Filings

	5/31/07	26		24F-2NT, N-CSR, NSAR-B
	5/31/05	26		24F-2NT, N-CSR, NSAR-B
	5/31/04	26		24F-2NT, N-CSR, NSAR-B
	5/31/02	26		24F-2NT, N-30D, NSAR-B
	5/31/01	26		24F-2NT, N-30D, NSAR-B
Filed on:	1/28/00			NSAR-A
For Period End:	11/30/99	1	29	NSAR-A
	9/30/99	6
	5/31/99	9	13	24F-2NT, N-30D, NSAR-B, NSAR-B/A
	10/1/98	7	13
	5/31/97	11	13	24F-2NT, N-30D, NSAR-BT
	1/1/97	11	12
	11/23/93	7
				List all Filings

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John Hancock Sovereign Bond Fund – ‘N-30D’ for 11/30/99

On: Friday, 1/28/00 · For: 11/30/99 · Accession #: 1010521-0-85 · File #: 811-02402

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Annual or Semi-Annual Report Mailed to Shareholders — Rule 30d-1Filing Table of Contents

Document Table of Contents

Dates Referenced Herein and Documents Incorporated by Reference

Annual or Semi-Annual Report Mailed to Shareholders — Rule 30d-1
Filing Table of Contents