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

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number 811- 4186

John Hancock Income Securities Trust
(Exact name of registrant as specified in charter)

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

Salvatore Schiavone, Treasurer

601 Congress Street

Boston, Massachusetts 02210

(Name and address of agent for service)

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

Date of fiscal year end:

October 31

 

 

Date of reporting period:

January 31, 2015




ITEM 1. SCHEDULE OF INVESTMENTS






John Hancock

Income Securities Trust


Quarterly portfolio holdings 1/31/15

jhnq_logo.jpg 

Fund's investmentsIncome Securities Trust

                                                           
  As of 1-31-15 (unaudited)  
        Rate (% )    Maturity date     Par value^     Value  
  Corporate bonds 70.9% (47.8% of Total investments)     $131,841,452  
  (Cost $126,988,384)  
  Consumer discretionary 8.4%     15,618,965  
  Auto components 0.9%  
  Dana Holding Corp. (Z)     6.000     09-15-23           395,000     410,800  
  Delphi Corp. (Z)     5.000     02-15-23           1,005,000     1,070,308  
  Stackpole International Intermediate Company SA (S)     7.750     10-15-21           245,000     238,263  
  Automobiles 2.7%  
  Ford Motor Company (Z)     4.750     01-15-43           145,000     162,563  
  Ford Motor Credit Company LLC (Z)     5.875     08-02-21           1,803,000     2,135,412  
  Ford Motor Credit Company LLC (Z)     8.000     12-15-16           330,000     369,403  
  General Motors Company (Z)     4.875     10-02-23           445,000     486,326  
  General Motors Company (Z)     6.250     10-02-43           380,000     474,712  
  General Motors Financial Company, Inc.     4.000     01-15-25           550,000     563,082  
  General Motors Financial Company, Inc.     4.375     09-25-21           315,000     333,900  
  Nissan Motor Acceptance Corp. (S)(Z)     1.950     09-12-17           490,000     496,619  
  Hotels, restaurants and leisure 0.8%  
  CCM Merger, Inc. (S)     9.125     05-01-19           380,000     410,400  
  MGM Resorts International     6.000     03-15-23           455,000     458,413  
  Seminole Tribe of Florida, Inc. (S)(Z)     6.535     10-01-20           575,000     612,375  
  Waterford Gaming LLC (S)     8.625     09-15-49           119,532     7,828  
  Internet and catalog retail 0.8%  
  Amazon.com, Inc.     4.950     12-05-44           515,000     568,721  
  QVC, Inc.     4.375     03-15-23           325,000     335,389  
  QVC, Inc. (Z)     5.125     07-02-22           255,000     274,829  
  QVC, Inc.     5.450     08-15-34           315,000     321,599  
  Media 2.0%  
  21st Century Fox America, Inc. (Z)     6.150     03-01-37           165,000     222,460  
  21st Century Fox America, Inc. (Z)     6.400     12-15-35           150,000     204,397  
  21st Century Fox America, Inc. (Z)     7.750     01-20-24           1,020,000     1,354,122  
  Altice Financing SA (S)     6.625     02-15-23           200,000     206,500  
  AMC Entertainment, Inc. (Z)     5.875     02-15-22           390,000     398,775  
  Sirius XM Radio, Inc. (S)(Z)     5.250     08-15-22           845,000     888,306  
  Time Warner Cable, Inc. (Z)     8.250     04-01-19           350,000     433,530  
  Multiline retail 0.4%  
  Macy's Retail Holdings, Inc. (Z)     7.875     08-15-36           444,000     484,640  
  Tops Holding II Corp.     8.750     06-15-18           235,000     225,600  
  Specialty retail 0.6%  
  AutoNation, Inc. (Z)     5.500     02-01-20           655,000     721,605  
  Conn's, Inc. (S)(Z)     7.250     07-15-22           450,000     374,625  
  Textiles, apparel and luxury goods 0.2%  
  Hot Topic, Inc. (S)(Z)     9.250     06-15-21           345,000     373,463  
  Consumer staples 2.1%     3,914,319  
  Beverages 0.5%  
  Constellation Brands, Inc.     4.250     05-01-23           355,000     363,875  
  Constellation Brands, Inc.     4.750     11-15-24           180,000     189,450  
  Pernod-Ricard SA (S)(Z)     5.750     04-07-21           325,000     380,209  
  Food and staples retailing 0.5%  
  Safeway, Inc.     4.750     12-01-21           125,000     126,633  
  Safeway, Inc.     5.000     08-15-19           840,000     860,308  

2SEE NOTES TO FUND'S INVESTMENTS

Income Securities Trust

                                                           
        Rate (% )    Maturity date     Par value^     Value  
  Consumer staples  (continued)        
  Food products 0.4%  
  Bunge, Ltd. Finance Corp. (Z)     8.500     06-15-19           389,000     $483,173  
  Tyson Foods, Inc.     3.950     08-15-24           275,000     295,896  
  Personal products 0.2%  
  Prestige Brands, Inc. (S)     5.375     12-15-21           260,000     254,150  
  Tobacco 0.5%  
  Alliance One International, Inc. (Z)     9.875     07-15-21           820,000     684,700  
  Vector Group, Ltd.     7.750     02-15-21           260,000     275,925  
  Energy 8.8%     16,319,615  
  Energy equipment and services 0.9%  
  Nostrum Oil & Gas Finance BV (S)(Z)     6.375     02-14-19           345,000     276,000  
  RKI Exploration & Production LLC (S)     8.500     08-01-21           270,000     224,100  
  Rowan Companies, Inc. (Z)     4.875     06-01-22           330,000     317,948  
  SESI LLC (Z)     7.125     12-15-21           576,000     577,440  
  Teine Energy, Ltd. (S)     6.875     09-30-22           245,000     196,000  
  TerraForm Power Operating LLC (S)     5.875     02-01-23           110,000     112,200  
  Oil, gas and consumable fuels 7.9%  
  Access Midstream Partners LP     4.875     05-15-23           185,000     190,550  
  Access Midstream Partners LP (Z)     4.875     03-15-24           460,000     474,950  
  California Resources Corp. (S)     5.500     09-15-21           250,000     210,000  
  California Resources Corp. (S)(Z)     6.000     11-15-24           540,000     442,800  
  Chesapeake Energy Corp.     5.750     03-15-23           485,000     501,975  
  Cimarex Energy Company     4.375     06-01-24           515,000     489,090  
  CNOOC Finance 2013, Ltd. (Z)     3.000     05-09-23           420,000     411,734  
  Continental Resources, Inc. (Z)     5.000     09-15-22           795,000     755,250  
  CSI Compressco LP (S)     7.250     08-15-22           235,000     195,050  
  DCP Midstream LLC (S)(Z)     9.750     03-15-19           405,000     457,158  
  DCP Midstream LLC (5.850% to 5-21-23, then 3 month LIBOR + 3.850%) (S)(Z)     5.850     05-21-43           370,000     340,400  
  DCP Midstream Operating LP (Z)     3.875     03-15-23           225,000     213,742  
  Denbury Resources, Inc.     5.500     05-01-22           255,000     224,400  
  Ecopetrol SA     5.875     09-18-23           190,000     201,400  
  Energy Transfer Partners LP (Z)     5.200     02-01-22           210,000     230,281  
  Energy Transfer Partners LP (Z)     9.700     03-15-19           425,000     540,237  
  Enterprise Products Operating LLC (7.000% to 6-1-17, then 3 month LIBOR + 2.777%) (Z)     7.000     06-01-67           695,000     701,669  
  Enterprise Products Operating LLC (8.375% to 8-1-16, then 3 month LIBOR + 3.708%) (Z)     8.375     08-01-66           440,000     465,300  
  EP Energy LLC (Z)     7.750     09-01-22           195,000     185,006  
  EV Energy Partners LP (Z)     8.000     04-15-19           400,000     348,000  
  Freeport-McMoran Oil & Gas LLC (Z)     6.750     02-01-22           458,000     486,625  
  Freeport-McMoran Oil & Gas LLC     6.875     02-15-23           156,000     172,162  
  FTS International, Inc. (S)     6.250     05-01-22           175,000     131,250  
  Halcon Resources Corp.     8.875     05-15-21           295,000     200,895  
  Jones Energy Holdings LLC (S)     6.750     04-01-22           150,000     120,000  
  Kerr-McGee Corp. (Z)     6.950     07-01-24           335,000     414,632  
  Kinder Morgan Energy Partners LP     7.750     03-15-32           195,000     251,563  
  Kinder Morgan, Inc.     4.300     06-01-25           295,000     308,608  
  Kosmos Energy, Ltd. (S)     7.875     08-01-21           220,000     189,200  
  Lukoil International Finance BV (S)(Z)     3.416     04-24-18           675,000     567,000  
  Newfield Exploration Company (Z)     5.750     01-30-22           260,000     256,750  
  Pacific Rubiales Energy Corp. (S)(Z)     5.375     01-26-19           335,000     220,263  

SEE NOTES TO FUND'S INVESTMENTS3

Income Securities Trust

                                                           
        Rate (% )    Maturity date     Par value^     Value  
  Energy  (continued)        
  Oil, gas and consumable fuels  (continued)  
  Petro-Canada (Z)     9.250     10-15-21           1,000,000     $1,368,180  
  Petroleos Mexicanos (S)     4.250     01-15-25           125,000     123,100  
  Petroleos Mexicanos (Z)     4.875     01-24-22           275,000     286,825  
  Plains All American Pipeline LP     3.600     11-01-24           280,000     283,907  
  Regency Energy Partners LP     5.000     10-01-22           95,000     99,275  
  Regency Energy Partners LP (Z)     5.500     04-15-23           480,000     501,600  
  Regency Energy Partners LP     5.875     03-01-22           90,000     98,550  
  Summit Midstream Holdings LLC     7.500     07-01-21           150,000     157,875  
  TransCanada PipeLines, Ltd. (6.350% to 5-15-17, then 3 month LIBOR + 2.210%) (Z)     6.350     05-15-67           285,000     275,025  
  Tullow Oil PLC (S)     6.000     11-01-20           230,000     193,200  
  Tullow Oil PLC (S)     6.250     04-15-22           255,000     214,200  
  WPX Energy, Inc.     5.250     09-15-24           125,000     116,250  
  Financials 29.2%     54,235,728  
  Banks 11.2%  
  Banco do Brasil SA (6.250% to 4-15-24, then 10 Year U.S. Treasury + 4.398%) (Q)(S)     6.250     04-15-24           470,000     332,290  
  Bank of America Corp. (Z)     3.300     01-11-23           260,000     266,099  
  Bank of America Corp.     4.200     08-26-24           280,000     291,276  
  Bank of America Corp.     4.250     10-22-26           265,000     275,774  
  Bank of America Corp. (Z)     5.000     05-13-21           670,000     762,308  
  Bank of America Corp. (Z)     6.875     04-25-18           1,000,000     1,152,705  
  Bank of America Corp. (6.250% to 9-5-24, then 3 month LIBOR + 3.705%) (Q)(Z)     6.250     09-05-24           470,000     480,627  
  Bank of America Corp. (8.000% to 1-30-18, then 3 month LIBOR + 3.630%) (Q)(Z)     8.000     01-30-18           435,000     465,668  
  Barclays Bank PLC (S)(Z)     10.179     06-12-21           575,000     787,262  
  BPCE SA (S)(Z)     4.500     03-15-25           475,000     486,393  
  BPCE SA (S)(Z)     5.700     10-22-23           645,000     715,375  
  Citigroup, Inc. (Z)     6.125     08-25-36           235,000     288,300  
  Commerzbank AG (S)(Z)     8.125     09-19-23           350,000     417,375  
  Credit Agricole SA (6.625% to 9-23-19, then 5 Year U.S. Swap Rate + 4.697%) (Q)(S)(Z)     6.625     09-23-19           450,000     441,563  
  Credit Agricole SA (7.875% to 1-23-24, then 5 year U.S. Swap Rate + 4.898%) (Q)(S)(Z)     7.875     01-23-24           600,000     619,509  
  Credit Agricole SA (8.125% to 9-19-18, then 5 Year U.S. Swap Rate + 6.283%) (S)     8.125     09-19-33           250,000     284,063  
  Fifth Third Bancorp (5.100% to 6-30-23, then 3 month LIBOR + 3.033%) (Q)(Z)     5.100     06-30-23           420,000     389,419  
  HBOS PLC (S)(Z)     6.750     05-21-18           825,000     928,606  
  HSBC Holdings PLC (6.375% to 9-17-24, then 5 Year U.S. ISDAFIX + 3.705%) (Q)     6.375     09-17-24           200,000     205,102  
  ICICI Bank, Ltd. (S)(Z)     5.750     11-16-20           475,000     540,143  
  ING Bank NV (S)(Z)     5.800     09-25-23           500,000     572,420  
  JPMorgan Chase & Company (Z)     4.625     05-10-21           895,000     1,004,489  
  JPMorgan Chase & Company (5.000% to 7-1-19, then 3 month LIBOR + 3.320%) (Q)(Z)     5.000     07-01-19           520,000     514,800  
  JPMorgan Chase & Company (5.150% to 5-1-23, then 3 month LIBOR + 3.250%) (Q)     5.150     05-01-23           375,000     361,875  
  JPMorgan Chase & Company (6.750% to 2-1-24, then 3 month LIBOR + 3.780%) (Q)(Z)     6.750     02-01-24           805,000     861,098  
  JPMorgan Chase & Company (7.900% to 4-30-18, then 3 month LIBOR + 3.470%) (Q)(Z)     7.900     04-30-18           655,000     703,921  
  Lloyds Banking Group PLC (7.500% to 6-27-24, then 5 Year U.S. Swap Rate + 4.760%) (Q)     7.500     06-27-24           385,000     394,144  
  Manufacturers & Traders Trust Company (5.629% to 12-1-16, then 3 month LIBOR + 6.400%)     5.629     12-01-21           240,000     249,878  

4SEE NOTES TO FUND'S INVESTMENTS

Income Securities Trust

                                                           
        Rate (% )    Maturity date     Par value^     Value  
  Financials  (continued)        
  Banks  (continued)  
  Mizuho Financial Group Cayman 3, Ltd. (S)(Z)     4.600     03-27-24           435,000     $471,598  
  Rabobank Nederland NV (Z)     3.875     02-08-22           905,000     987,254  
  Societe Generale SA (8.250% to 11-29-18, then 5 Year U.S. Swap Rate + 6.394%) (Q)     8.250     11-29-18           385,000     398,475  
  Swedbank AB (S)(Z)     2.125     09-29-17           460,000     468,472  
  Synovus Financial Corp. (Z)     7.875     02-15-19           200,000     223,000  
  The PNC Financial Services Group, Inc. (P)(Q)     4.451     03-13-15           250,000     250,000  
  The PNC Financial Services Group, Inc. (4.850% to 6-1-23, then 3 month LIBOR + 3.040%) (Q)(Z)     4.850     06-01-23           310,000     300,313  
  The PNC Financial Services Group, Inc. (6.750% to 8-1-21, then 3 month LIBOR + 3.678%) (Q)(Z)     6.750     08-01-21           520,000     573,950  
  Wells Fargo & Company (5.875% to 6-15-25, then 3 month LIBOR + 3.990%) (Q)     5.875     06-15-25           315,000     329,175  
  Wells Fargo & Company (5.900% to 6-15-24, then 3 month LIBOR + 3.110%) (Q)(Z)     5.900     06-15-24           655,000     673,013  
  Wells Fargo & Company, Series K (7.980% to 3-15-18, then 3 month LIBOR + 3.770%) (Q)(Z)     7.980     03-15-18           750,000     823,125  
  Wells Fargo Bank NA (Z)     5.850     02-01-37           390,000     526,560  
  Capital markets 5.1%  
  Ares Capital Corp.     3.875     01-15-20           430,000     436,826  
  Credit Suisse Group AG (7.500% to 12-11-23, then 5 year U.S. Swap Rate + 4.598%) (Q)(S)     7.500     12-11-23           295,000     309,819  
  FS Investment Corp.     4.000     07-15-19           435,000     439,318  
  Jefferies Group LLC (Z)     6.875     04-15-21           1,005,000     1,151,539  
  Jefferies Group LLC     8.500     07-15-19           235,000     283,518  
  Morgan Stanley (Z)     4.100     05-22-23           660,000     684,144  
  Morgan Stanley     4.300     01-27-45           235,000     248,347  
  Morgan Stanley (Z)     5.500     01-26-20           450,000     514,966  
  Morgan Stanley (Z)     5.550     04-27-17           565,000     613,698  
  Morgan Stanley (Z)     7.300     05-13-19           895,000     1,078,389  
  Morgan Stanley (5.450% to 7-15-19, then 3 month LIBOR + 3.610%) (Q)     5.450     07-15-19           345,000     350,634  
  Stifel Financial Corp. (Z)     4.250     07-18-24           315,000     331,388  
  The Bear Stearns Companies LLC (Z)     7.250     02-01-18           1,000,000     1,158,709  
  The Goldman Sachs Group, Inc. (Z)     5.250     07-27-21           1,195,000     1,371,595  
  The Goldman Sachs Group, Inc. (Z)     5.750     01-24-22           105,000     124,452  
  Walter Investment Management Corp.     7.875     12-15-21           455,000     385,613  
  Consumer finance 2.4%  
  American Express Company     3.625     12-05-24           265,000     277,060  
  Capital One Financial Corp.     2.450     04-24-19           470,000     476,576  
  Capital One Financial Corp. (Z)     3.500     06-15-23           1,100,000     1,144,867  
  Credito Real SAB de CV (S)(Z)     7.500     03-13-19           325,000     325,000  
  Discover Financial Services (Z)     5.200     04-27-22           585,000     661,337  
  Enova International, Inc. (S)(Z)     9.750     06-01-21           390,000     346,125  
  OneMain Financial Holdings, Inc. (S)     6.750     12-15-19           420,000     434,175  
  Springleaf Finance Corp.     5.250     12-15-19           430,000     429,484  
  Synchrony Financial (Z)     4.250     08-15-24           370,000     390,758  
  Diversified financial services 2.8%  
  Doric Nimrod Air Alpha 2013-1 Class A Pass Through Trust (S)(Z)     5.250     05-30-23           383,472     400,728  
  Doric Nimrod Air Alpha 2013-1 Class B Pass Through Trust (S)(Z)     6.125     11-30-19           256,388     265,362  
  Doric Nimrod Air Finance Alpha, Ltd. 2012-1 Class A Pass Through Trust (S)     5.125     11-30-22           227,262     238,445  
  General Electric Capital Corp. (Z)     4.375     09-16-20           365,000     408,562  
  General Electric Capital Corp. (Z)     5.550     05-04-20           430,000     506,288  

SEE NOTES TO FUND'S INVESTMENTS5

Income Securities Trust

                                                           
        Rate (% )    Maturity date     Par value^     Value  
  Financials  (continued)        
  Diversified financial services  (continued)  
  General Electric Capital Corp. (7.125% until 6-15-22, then 3 month LIBOR + 5.296%) (Q)(Z)     7.125     06-15-22           600,000     $698,250  
  Leucadia National Corp. (Z)     5.500     10-18-23           655,000     680,840  
  Nationstar Mortgage LLC (Z)     7.875     10-01-20           340,000     314,500  
  Nationstar Mortgage LLC (Z)     9.625     05-01-19           295,000     301,638  
  USB Realty Corp. (P)(Q)(S)(Z)     1.400     01-15-17           800,000     729,200  
  Voya Financial, Inc. (5.650% to 5-15-23, then 3 month LIBOR + 3.580%)     5.650     05-15-53           674,000     677,370  
  Insurance 3.2%  
  American International Group, Inc. (Z)     4.125     02-15-24           295,000     324,121  
  American International Group, Inc. (8.175% to 5-15-38, then 3 month LIBOR + 4.195%)     8.175     05-15-58           45,000     61,650  
  Aquarius + Investments PLC (6.375% to 9-1-19, then 5 Year U.S. Swap Rate + 5.210%)     6.375     09-01-24           235,000     248,416  
  Assured Guaranty US Holdings, Inc. (Z)     5.000     07-01-24           465,000     493,802  
  AXA SA (Z)     8.600     12-15-30           175,000     238,438  
  AXA SA (6.379% to 12-14-36, then 3 month LIBOR + 2.256%) (Q)(S)     6.379     12-14-36           240,000     263,400  
  CNA Financial Corp. (Z)     7.250     11-15-23           540,000     678,132  
  Liberty Mutual Group, Inc. (S)(Z)     7.800     03-15-37           705,000     828,375  
  MetLife, Inc. (Z)     6.400     12-15-36           305,000     346,175  
  Nippon Life Insurance Company (5.000% to 10-18-22, then 3 month LIBOR + 4.240%) (S)(Z)     5.000     10-18-42           310,000     327,050  
  Nippon Life Insurance Company (5.100% to 10-16-24, then 5 Year U.S. ISDAFIX + 3.650%) (S)(Z)     5.100     10-16-44           365,000     391,463  
  Pacific LifeCorp. (S)(Z)     6.000     02-10-20           245,000     282,010  
  Prudential Financial, Inc. (5.200% to 3-15-24, then 3 month LIBOR + 3.040%)     5.200     03-15-44           110,000     110,825  
  Prudential Financial, Inc. (5.875% to 9-15-22, then 3 month LIBOR + 4.175%) (Z)     5.875     09-15-42           142,000     150,875  
  Sirius International Group, Ltd. (7.506% to 6-30-17, then 3 month LIBOR + 3.200%) (Q)(S)(Z)     7.506     06-30-17           415,000     433,156  
  Teachers Insurance & Annuity Association of America (S)(Z)     6.850     12-16-39           555,000     804,505  
  Real estate investment trusts 4.5%  
  American Tower Corp. (Z)     3.400     02-15-19           225,000     232,323  
  American Tower Corp. (Z)     4.700     03-15-22           400,000     432,446  
  ARC Properties Operating Partnership LP     4.600     02-06-24           523,000     509,609  
  Crown Castle Towers LLC (S)(Z)     4.883     08-15-20           710,000     787,310  
  Crown Castle Towers LLC (S)(Z)     6.113     01-15-20           451,000     521,988  
  DDR Corp. (Z)     7.500     04-01-17           880,000     985,293  
  Education Realty Operating Partnership LP     4.600     12-01-24           270,000     287,734  
  Goodman Funding Pty, Ltd. (S)(Z)     6.375     04-15-21           645,000     760,640  
  Health Care REIT, Inc. (Z)     4.950     01-15-21           190,000     214,062  
  Highwoods Realty LP (Z)     5.850     03-15-17           710,000     772,618  
  Host Hotels & Resorts LP (Z)     5.875     06-15-19           439,000     460,147  
  Iron Mountain, Inc. (Z)     6.000     08-15-23           440,000     460,900  
  iStar Financial, Inc.     5.000     07-01-19           135,000     132,638  
  MPT Operating Partnership LP (Z)     6.375     02-15-22           320,000     344,000  
  Omega Healthcare Investors, Inc. (S)     4.500     01-15-25           280,000     290,727  
  Omega Healthcare Investors, Inc.     4.950     04-01-24           350,000     376,026  
  Ventas Realty LP     3.750     05-01-24           165,000     172,753  
  Ventas Realty LP (Z)     4.750     06-01-21           455,000     505,184  
  Health care 2.4%     4,432,209  
  Health care equipment and supplies 0.4%  
  Crimson Merger Sub, Inc. (S)     6.625     05-15-22           310,000     268,150  

6SEE NOTES TO FUND'S INVESTMENTS

Income Securities Trust

                                                           
        Rate (% )    Maturity date     Par value^     Value  
  Health care  (continued)        
  Health care equipment and supplies  (continued)  
  Medtronic, Inc. (S)(Z)     4.625     03-15-45           405,000     $469,109  
  Health care providers and services 0.7%  
  HCA, Inc.     5.250     04-15-25           375,000     407,344  
  Medco Health Solutions, Inc. (Z)     7.125     03-15-18           275,000     320,273  
  Quest Diagnostics, Inc. (Z)     4.250     04-01-24           370,000     396,468  
  WellCare Health Plans, Inc.     5.750     11-15-20           200,000     207,500  
  Pharmaceuticals 1.3%  
  Grifols Worldwide Operations, Ltd. (S)     5.250     04-01-22           350,000     355,250  
  Hospira, Inc. (Z)     6.050     03-30-17           485,000     526,762  
  Mallinckrodt International Finance SA (S)     5.750     08-01-22           310,000     320,075  
  Mylan, Inc. (S)(Z)     7.875     07-15-20           545,000     579,709  
  Valeant Pharmaceuticals International, Inc. (S)     5.500     03-01-23           110,000     112,269  
  Valeant Pharmaceuticals International, Inc. (S)     5.625     12-01-21           200,000     206,500  
  Valeant Pharmaceuticals International, Inc. (S)     7.500     07-15-21           240,000     262,800  
  Industrials 8.2%     15,354,610  
  Aerospace and defense 1.1%  
  Embraer Overseas, Ltd. (S)(Z)     5.696     09-16-23           296,000     318,200  
  Textron Financial Corp. (6.000% to 2-15-17, then 3 month LIBOR + 1.735%) (S)(Z)     6.000     02-15-67           750,000     675,000  
  Textron, Inc.     3.875     03-01-25           180,000     188,077  
  Textron, Inc. (Z)     5.600     12-01-17           505,000     554,534  
  Textron, Inc. (Z)     7.250     10-01-19           270,000     326,144  
  Airlines 3.5%  
  America West Airlines 2000-1 Pass Through Trust (Z)     8.057     07-02-20           120,189     136,714  
  American Airlines 2013-2 Class A Pass Through Trust (Z)     4.950     01-15-23           325,123     350,320  
  British Airways PLC 2013-1 Class A Pass Through Trust (S)(Z)     4.625     06-20-24           605,913     646,812  
  British Airways PLC 2013-1 Class B Pass Through Trust (S)     5.625     06-20-20           247,058     264,352  
  Continental Airlines 1997-4 Class A Pass Through Trust (Z)     6.900     01-02-18           202,990     212,876  
  Continental Airlines 1998-1 Class A Pass Through Trust (Z)     6.648     09-15-17           93,812     96,973  
  Continental Airlines 1999-1 Class A Pass Through Trust (Z)     6.545     02-02-19           159,433     175,073  
  Continental Airlines 2000-2 Class B Pass Through Trust (Z)     8.307     04-02-18           54,143     59,422  
  Continental Airlines 2007-1 Class A Pass Through Trust (Z)     5.983     04-19-22           466,462     508,444  
  Continental Airlines 2012-1 Class B Pass Through Trust (Z)     6.250     04-11-20           203,513     214,197  
  Delta Air Lines 2002-1 Class G-1 Pass Through Trust (Z)     6.718     01-02-23           574,101     658,781  
  Delta Air Lines 2007-1 Class A Pass Through Trust (Z)     6.821     08-10-22           588,153     687,375  
  Delta Air Lines 2010-1 Class A Pass Through Trust (Z)     6.200     07-02-18           139,162     153,774  
  Delta Air Lines 2011-1 Class A Pass Through Trust (Z)     5.300     04-15-19           255,295     278,271  
  Northwest Airlines 2007-1 Class A Pass Through Trust (Z)     7.027     11-01-19           347,337     398,049  
  UAL 2009-1 Pass Through Trust (Z)     10.400     11-01-16           62,211     68,817  
  UAL 2009-2A Pass Through Trust (Z)     9.750     01-15-17           216,069     239,837  
  United Airlines 2014-2 Class A Pass Through Trust     3.750     09-03-26           435,000     435,000  
  United Airlines 2014-2 Class B Pass Through Trust     4.625     09-03-22           250,000     248,750  
  US Airways 2010-1 Class A Pass Through Trust (Z)     6.250     04-22-23           410,244     460,498  
  US Airways 2012-1 Class A Pass Through Trust     5.900     10-01-24           156,505     177,633  
  Building products 0.4%  
  Masco Corp. (Z)     7.125     03-15-20           285,000     329,175  
  Owens Corning (Z)     4.200     12-15-22           395,000     413,451  
  Commercial services and supplies 0.4%  
  Ahern Rentals, Inc. (S)     9.500     06-15-18           195,000     199,875  
  Casella Waste Systems, Inc.     7.750     02-15-19           365,000     366,825  
  Safway Group Holding LLC (S)     7.000     05-15-18           180,000     175,104  

SEE NOTES TO FUND'S INVESTMENTS7

Income Securities Trust

                                                           
        Rate (% )    Maturity date     Par value^     Value  
  Industrials  (continued)        
  Construction and engineering 0.2%  
  Tutor Perini Corp. (Z)     7.625     11-01-18           335,000     $347,144  
  Industrial conglomerates 0.3%  
  Odebrecht Finance, Ltd. (S)(Z)     7.125     06-26-42           225,000     163,125  
  Odebrecht Finance, Ltd. (Q)(S)     7.500     09-14-15           200,000     151,000  
  Tenedora Nemak SA de CV (S)     5.500     02-28-23           210,000     212,625  
  Machinery 0.3%  
  SPL Logistics Escrow LLC (S)     8.875     08-01-20           215,000     223,063  
  Trinity Industries, Inc.     4.550     10-01-24           355,000     352,762  
  Marine 0.3%  
  Navios Maritime Acquisition Corp. (S)     8.125     11-15-21           305,000     288,988  
  Navios South American Logistics, Inc. (S)(Z)     7.250     05-01-22           375,000     358,125  
  Road and rail 0.3%  
  Penske Truck Leasing Company LP (S)     3.375     02-01-22           620,000     627,644  
  Trading companies and distributors 1.3%  
  Air Lease Corp. (Z)     3.375     01-15-19           440,000     447,700  
  Air Lease Corp.     3.875     04-01-21           215,000     220,375  
  Air Lease Corp.     4.750     03-01-20           220,000     237,050  
  Air Lease Corp.     5.625     04-01-17           175,000     187,649  
  Aircastle, Ltd.     5.500     02-15-22           215,000     221,493  
  Aircastle, Ltd.     7.625     04-15-20           160,000     180,000  
  Ashtead Capital, Inc. (S)     5.625     10-01-24           205,000     212,688  
  International Lease Finance Corp. (S)(Z)     7.125     09-01-18           290,000     326,613  
  United Rentals North America, Inc.     5.750     11-15-24           320,000     326,400  
  Transportation infrastructure 0.1%  
  Florida East Coast Holdings Corp. (S)     6.750     05-01-19           255,000     251,813  
  Information technology 0.7%     1,269,281  
  Internet software and services 0.2%  
  Ancestry.com, Inc. (Z)     11.000     12-15-20           305,000     330,925  
  Ancestry.com, Inc., PIK (S)     9.625     10-15-18           135,000     126,900  
  IT services 0.2%  
  Sixsigma Networks Mexico SA de CV (S)     8.250     11-07-21           275,000     280,156  
  Semiconductors and semiconductor equipment 0.2%  
  Micron Technology, Inc. (S)(Z)     5.875     02-15-22           375,000     393,750  
  Software 0.1%  
  Blackboard, Inc. (S)     7.750     11-15-19           140,000     137,550  
  Materials 4.4%     8,192,819  
  Chemicals 1.7%  
  Aruba Investments, Inc. (S)     8.750     02-15-23           170,000     172,550  
  Braskem Finance, Ltd. (S)(Z)     7.000     05-07-20           515,000     545,900  
  CF Industries, Inc. (Z)     7.125     05-01-20           245,000     297,041  
  Incitec Pivot Finance LLC (S)(Z)     6.000     12-10-19           345,000     391,145  
  NOVA Chemicals Corp. (S)     5.000     05-01-25           535,000     555,063  
  PSPC Escrow Corp. (S)     6.500     02-01-22           265,000     270,300  
  Rockwood Specialties Group, Inc.     4.625     10-15-20           555,000     577,200  
  W.R. Grace & Co-Conn (S)     5.125     10-01-21           165,000     171,600  
  W.R. Grace & Co-Conn (S)     5.625     10-01-24           130,000     139,425  
  Construction materials 0.6%  
  American Gilsonite Company (S)(Z)     11.500     09-01-17           390,000     368,550  

8SEE NOTES TO FUND'S INVESTMENTS

Income Securities Trust

                                                           
        Rate (% )    Maturity date     Par value^     Value  
  Materials  (continued)        
  Construction materials  (continued)  
  Cemex SAB de CV (S)     6.500     12-10-19           340,000     $343,400  
  Magnesita Finance, Ltd. (Q)(S)(Z)     8.625     04-05-17           420,000     369,600  
  Containers and packaging 0.1%  
  Ardagh Finance Holdings SA, PIK (S)     8.625     06-15-19           260,960     259,981  
  Metals and mining 2.0%  
  Alcoa, Inc. (Z)     5.125     10-01-24           520,000     568,647  
  Allegheny Technologies, Inc. (Z)     9.375     06-01-19           715,000     843,596  
  ArcelorMittal (Z)     10.350     06-01-19           370,000     442,243  
  Gerdau Trade, Inc. (S)(Z)     4.750     04-15-23           225,000     213,188  
  Glencore Finance Canada, Ltd. (S)     4.250     10-25-22           220,000     220,047  
  Glencore Funding LLC (S)(Z)     4.125     05-30-23           370,000     357,795  
  MMC Norilsk Nickel OJSC (S)     5.550     10-28-20           235,000     205,085  
  Rain CII Carbon LLC (S)(Z)     8.000     12-01-18           340,000     334,900  
  Thompson Creek Metals Company, Inc. (Z)     7.375     06-01-18           395,000     291,313  
  Vedanta Resources PLC (S)(Z)     7.125     05-31-23           300,000     254,250  
  Telecommunication services 3.4%     6,319,789  
  Diversified telecommunication services 2.0%  
  BellSouth Telecommunications, Inc. (Z)     6.300     12-15-15           140,469     144,497  
  CenturyLink, Inc. (Z)     5.800     03-15-22           480,000     505,200  
  CenturyLink, Inc. (Z)     6.450     06-15-21           305,000     330,163  
  GTP Acquisition Partners I LLC (S)(Z)     4.704     05-15-18           485,000     482,436  
  Telecom Italia Capital SA (Z)     7.200     07-18-36           365,000     406,063  
  Verizon Communications, Inc. (Z)     3.450     03-15-21           420,000     441,141  
  Verizon Communications, Inc. (S)     5.012     08-21-54           262,000     287,498  
  Verizon Communications, Inc.     6.550     09-15-43           263,000     358,562  
  Wind Acquisition Finance SA (S)     7.375     04-23-21           355,000     344,350  
  Windstream Corp. (Z)     7.500     06-01-22           400,000     401,500  
  Wireless telecommunication services 1.4%  
  Comcel Trust (S)     6.875     02-06-24           330,000     341,550  
  Digicel Group, Ltd. (S)     8.250     09-30-20           385,000     374,605  
  Millicom International Cellular SA (S)     4.750     05-22-20           210,000     196,875  
  Millicom International Cellular SA (S)     6.625     10-15-21           300,000     306,750  
  MTN Mauritius Investments, Ltd. (S)     4.755     11-11-24           225,000     227,250  
  SBA Tower Trust (S)(Z)     2.933     12-15-17           395,000     399,915  
  SBA Tower Trust (S)(Z)     3.598     04-15-18           370,000     371,434  
  SoftBank Corp. (S)(Z)     4.500     04-15-20           400,000     400,000  
  Utilities 3.3%     6,184,117  
  Electric utilities 2.3%  
  Beaver Valley II Funding Corp. (Z)     9.000     06-01-17           49,000     52,920  
  BVPS II Funding Corp. (Z)     8.890     06-01-17           195,000     209,091  
  Dynegy Finance I, Inc. (S)     6.750     11-01-19           120,000     123,450  
  Dynegy Finance I, Inc. (S)     7.625     11-01-24           165,000     170,569  
  Electricite de France SA (5.250% to 1-29-23, then 10 Year U.S. Swap Rate + 3.709%) (Q)(S)(Z)     5.250     01-29-23           485,000     509,250  
  Empresa Electrica Angamos SA (S)     4.875     05-25-29           360,000     362,448  
  FPL Energy National Wind LLC (S)(Z)     5.608     03-10-24           73,221     73,221  
  Israel Electric Corp., Ltd. (S)(Z)     5.625     06-21-18           420,000     445,200  
  NextEra Energy Capital Holdings, Inc. (6.650% to 6-15-17, then 3 month LIBOR + 2.125%)     6.650     06-15-67           180,000     182,514  
  NRG Energy, Inc.     6.625     03-15-23           11,000     11,413  

SEE NOTES TO FUND'S INVESTMENTS9

Income Securities Trust

                                                           
        Rate (% )    Maturity date     Par value^     Value  
  Utilities  (continued)        
  Electric utilities  (continued)  
  NRG Yield Operating LLC (S)     5.375     08-15-24           260,000     $269,100  
  Oncor Electric Delivery Company LLC (Z)     5.000     09-30-17           820,000     894,684  
  PNPP II Funding Corp.     9.120     05-30-16           57,000     58,783  
  PPL Capital Funding, Inc. (6.700% to 3-30-17, then 3 month LIBOR + 2.665%) (Z)     6.700     03-30-67           340,000     332,914  
  Southern California Edison Company (6.250% to 2-1-22, then 3 month LIBOR + 4.199%) (Q)(Z)     6.250     02-01-22           320,000     356,400  
  W3A Funding Corp. (Z)     8.090     01-02-17           207,820     207,864  
  Multi-utilities 1.0%  
  Berkshire Hathaway Energy Company (Z)     8.480     09-15-28           550,000     858,679  
  Integrys Energy Group, Inc. (6.110% to 12-1-16, then 3 month LIBOR + 2.120%) (Z)     6.110     12-01-66           650,000     653,575  
  Wisconsin Energy Corp. (6.250% to 5-15-17, then 3 month LIBOR + 2.113%) (Z)     6.250     05-15-67           410,000     412,042  
  Term loans (M) 0.6% (0.4% of Total investments)     $1,149,897  
  (Cost $1,153,144)  
  Consumer staples 0.2%     356,852  
  Household products 0.2%  
  The Sun Products Corp.     5.500     03-23-20           372,449     356,852  
  Health care 0.1%     232,839  
  Health care providers and services 0.1%  
  CRC Health Corp.     5.250     03-29-21           74,438     74,158  
  CRC Health Corp.     9.000     09-28-21           155,000     158,681  
  Industrials 0.1%     146,118  
  Aerospace and defense 0.1%  
  WP CPP Holdings LLC     4.750     12-28-19     147,000     146,118  
  Utilities 0.2%     414,088  
  Electric utilities 0.2%  
  ExGen Texas Power LLC     5.750     09-16-21           279,222     276,081  
  La Frontera Generation LLC     4.500     09-30-20           141,003     138,007  
  Capital preferred securities (a) 1.6% (1.1% of Total investments)     $3,025,204  
  (Cost $2,896,883)  
  Financials 1.6%     3,025,204  
  Banks 0.3%  
  Sovereign Capital Trust VI (Z)     7.908     06-13-36     489,000     519,841  
  Capital markets 0.4%  
  State Street Capital Trust IV (P)(Z)     1.240     03-23-15     935,000     766,794  
  Insurance 0.9%  
  MetLife Capital Trust IV (S)     7.875     12-15-37     110,000     139,700  
  MetLife Capital Trust X (S)(Z)     9.250     04-08-38     315,000     451,828  
  ZFS Finance USA Trust II (6.450% to 6-15-16 then 3 month LIBOR + 2.000%) (S)(Z)     6.450     12-15-65     870,000     909,150  
  ZFS Finance USA Trust V (6.500% to 5-9-17, then 3 month LIBOR + 2.285%) (S)(Z)     6.500     05-09-37     225,000     237,891  
  U.S. Government and Agency obligations 33.4% (22.5% of Total investments)     $62,029,720  
  (Cost $59,994,958)  
  U.S. Government 5.0%     9,334,865  
  U.S. Treasury  
        Bond (Z)     3.125     02-15-42     1,405,000     1,668,657  
        Bond (Z)     3.125     08-15-44     3,480,000     4,147,725  

10SEE NOTES TO FUND'S INVESTMENTS

Income Securities Trust

                                                           
        Rate (% )    Maturity date     Par value^     Value  
  U.S. Government  (continued)        
        Note (Z)     2.250     11-15-24     3,340,000     $3,518,483  
  U.S. Government Agency 28.4%     52,694,855  
  Federal Home Loan Banks  
        Bond (Z)     2.900     09-05-25     200,000     200,024  
        Bond     3.170     10-04-27     200,000     200,027  
        Bond (Z)     3.250     06-21-27     269,697     269,739  
  Federal Home Loan Mortgage Corp.  
        30 Yr Pass Thru (P)     2.558     06-01-44     496,552     512,433  
        30 Yr Pass Thru (P)     2.677     05-01-44     478,176     494,562  
        30 Yr Pass Thru (Z)     3.000     03-01-43     960,375     999,578  
        30 Yr Pass Thru (Z)     4.500     09-01-41     2,574,857     2,823,793  
        30 Yr Pass Thru (Z)     5.000     03-01-41     4,088,585     4,553,705  
        30 Yr Pass Thru (Z)     6.500     04-01-39     309,510     353,316  
  Federal National Mortgage Association  
        15 Yr Pass Thru (Z)     3.000     10-29-27     705,000     699,380  
        15 Yr Pass Thru (Z)     3.400     09-27-32     745,000     748,166  
        30 Yr Pass Thru (P) (Z)     2.524     06-01-44     913,652     943,053  
        30 Yr Pass Thru (P) (Z)     2.551     04-01-44     885,619     916,108  
        30 Yr Pass Thru (Z)     3.000     12-01-42     4,131,651     4,294,334  
        30 Yr Pass Thru     3.000     03-01-43     272,028     282,739  
        30 Yr Pass Thru (Z)     3.000     07-01-43     1,022,138     1,057,913  
        30 Yr Pass Thru (Z)     3.500     12-01-42     5,610,856     5,967,587  
        30 Yr Pass Thru (Z)     3.500     01-01-43     4,215,247     4,479,295  
        30 Yr Pass Thru (Z)     4.000     10-01-40     501,430     545,417  
        30 Yr Pass Thru (Z)     4.000     09-01-41     733,884     801,818  
        30 Yr Pass Thru (Z)     4.000     09-01-41     3,057,550     3,303,315  
        30 Yr Pass Thru (Z)     4.000     09-01-41     1,564,975     1,680,008  
        30 Yr Pass Thru (Z)     4.000     10-01-41     2,220,401     2,410,673  
        30 Yr Pass Thru (Z)     4.500     10-01-40     2,090,265     2,298,389  
        30 Yr Pass Thru (Z)     4.500     07-01-41     5,143,973     5,648,915  
        30 Yr Pass Thru (Z)     5.000     02-01-41     2,006,936     2,239,066  
        30 Yr Pass Thru (Z)     5.000     04-01-41     555,867     622,419  
        30 Yr Pass Thru (Z)     5.500     02-01-36     618,336     694,155  
        30 Yr Pass Thru (Z)     5.500     10-01-39     1,057,376     1,181,080  
        30 Yr Pass Thru (Z)     5.500     08-01-40     186,076     208,775  
        30 Yr Pass Thru (Z)     6.500     07-01-36     207,519     239,615  
        30 Yr Pass Thru (Z)     6.500     01-01-39     891,096     1,025,458  
  Foreign government obligations 0.2% (0.1% of Total investments)     $297,477  
  (Cost $277,076)  
  Argentina 0.2%     297,477  
  Republic of Argentina (H)     8.280     12-31-33           322,469     297,477  
  Collateralized mortgage obligations 19.8% (13.4% of Total investments)     $36,856,527  
  (Cost $34,929,025)  
  Commercial and residential 17.2%     32,018,468  
  American Home Mortgage Assets Trust
Series 2006-6, Class XP IO		     2.228     12-25-46           4,727,143     436,932  
  American Home Mortgage Investment Trust
Series 2005-1, Class 1A1 (P)		     0.388     06-25-45           561,697     522,718  
  Americold 2010 LLC Trust
Series 2010-ARTA, Class D (S)		     7.443     01-14-29           605,000     703,466  
  BAMLL Commercial Mortgage Securities Trust
Series 2014-ICTS, Class D (P) (S)		     2.067     06-15-28           100,000     99,916  

SEE NOTES TO FUND'S INVESTMENTS11

Income Securities Trust

                                                           
        Rate (% )    Maturity date     Par value^     Value  
  Commercial and residential  (continued)        
  Bear Stearns Adjustable Rate Mortgage Trust  
        Series 2005-1, Class B2 (P)     2.994     03-25-35           593,333     $47,739  
        Series 2005-2, Class A1 (P)     2.680     03-25-35           372,919     376,727  
  Bear Stearns ALT-A Trust  
        Series 2005-5, Class 1A4 (P)     0.728     07-25-35           409,803     368,364  
        Series 2005-7, Class 11A1 (P)     0.708     08-25-35           650,869     604,011  
  Bear Stearns Asset Backed Securities Trust
Series 2004-AC5, Class A1 (P)		     5.750     10-25-34           555,010     566,463  
  BHMS Mortgage Trust
Series 2014-ATLS, Class DFL (P) (S)		     3.171     07-05-33           620,000     618,948  
  BLCP Hotel Trust
Series 2014-CLRN, Class D (P) (S)		     2.667     08-15-29           530,000     530,696  
  BWAY Mortgage Trust
Series 2013-1515, Class F (P) (S)		     3.927     03-10-33           595,000     572,653  
  CDGJ Commercial Mortgage Trust
Series 2014-BXCH, Class D (P) (S)		     3.166     12-15-27           595,000     595,397  
  Commercial Mortgage Pass Through Certificates  
        Series 2012-LC4, Class B (P)     4.934     12-10-44           360,000     406,939  
        Series 2012-LC4, Class C (P)     5.646     12-10-44           645,000     739,813  
        Series 2013-300P, Class D (P) (S)     4.393     08-10-30           620,000     654,876  
        Series 2013-CR11, Class B (P)     5.163     10-10-46           895,000     1,028,796  
        Series 2013-CR13, Class C (P)     4.755     12-10-23           435,000     478,322  
        Series 2013-CR6, Class XA IO     1.528     03-10-46           4,205,611     277,108  
        Series 2013-LC13, Class B (P) (S)     5.009     08-10-46           525,000     595,468  
        Series 2014-CR16, Class C (P)     4.906     04-10-47           552,000     600,454  
        Series 2014-FL4, Class D (P) (S)     2.616     07-13-31           600,000     599,969  
        Series 2014-PAT, Class D (P) (S)     2.316     08-13-27           775,000     767,463  
        Series 2014-TWC, Class D (P) (S)     2.417     02-13-32           445,000     443,835  
  Credit Suisse Mortgage Trust
Series 2014-ICE, Class D (P) (S)		     2.400     04-15-27           450,000     446,271  
  Deutsche Mortgage Securities, Inc. Mortgage Loan Trust
Series 2004-4, Class 2AR1 (P)		     0.438     06-25-34           459,749     425,534  
  Extended Stay America Trust
Series 2013-ESFL, Class DFL (P) (S)		     3.311     12-05-31           505,000     504,269  
  HarborView Mortgage Loan Trust  
        Series 2005-11, Class X IO     2.410     08-19-45           2,096,746     132,831  
        Series 2005-2, Class IX IO     2.181     05-19-35           7,242,075     516,624  
        Series 2005-9, Class 2A1C (P)     0.618     06-20-35           640,701     586,836  
        Series 2005-8, Class 1X IO     2.083     09-19-35           2,706,487     142,210  
        Series 2007-3, Class ES IO (S)     0.361     05-19-47           8,324,401     88,447  
        Series 2007-4, Class ES IO     0.350     07-19-47           8,975,748     89,757  
        Series 2007-6, Class ES IO (S)     0.343     08-19-37           7,141,209     75,875  
  HILT Mortgage Trust
Series 2014-ORL, Class D (P) (S)		     2.160     07-15-29           585,000     572,293  
  Hilton USA Trust
Series 2013-HLT, Class DFX (S)		     4.406     11-05-30           381,000     390,171  
  IndyMac Index Mortgage Loan Trust  
        Series 2005-AR12, Class AX2 IO     2.200     07-25-35           6,750,192     481,802  
        Series 2005-AR8, Class AX2 IO     2.226     04-25-35           6,680,485     519,027  
        Series 2005-AR18, Class 1X IO     2.044     10-25-36           8,018,515     742,225  
        Series 2005-AR18, Class 2X IO     1.686     10-25-36           7,065,481     329,596  
  JPMorgan Chase Commercial Mortgage Securities Trust  
        Series 2013-JWRZ, Class D (P) (S)     3.156     04-15-30           440,000     440,099  
        Series 2014-FBLU, Class D (P) (S)     2.767     12-15-28           725,000     726,214  

12SEE NOTES TO FUND'S INVESTMENTS

Income Securities Trust

                                                           
        Rate (% )    Maturity date     Par value^     Value  
  Commercial and residential  (continued)        
        Series 2014-FL5, Class C (P) (S)     2.266     07-15-31           1,030,000     $1,029,999  
        Series 2014-INN, Class F (P) (S)     4.167     06-15-29           490,000     491,657  
        Series 2014-PHH, Class C (P) (S)     2.267     08-15-27           760,000     764,345  
  Merrill Lynch Mortgage Investors Trust  
        Series 2004-1, Class 2A1 (P)     2.161     12-25-34           394,352     384,562  
        Series 2005-2, Class 1A (P)     1.581     10-25-35           526,725     511,153  
  Morgan Stanley Bank of America Merrill Lynch Trust  
        Series 2013-C7, Class C (P)     4.185     02-15-46           293,000     306,673  
        Series 2014-C18, Class 300D     5.279     08-15-31           380,000     392,901  
  Morgan Stanley Capital I Trust
Series 2014-150E, Class D (P) (S)		     4.295     09-09-32           1,030,000     1,114,293  
  MortgageIT Trust
Series 2005-2, Class 1A2 (P)		     0.498     05-25-35           427,597     397,384  
  Motel 6 Trust
Series 2012-MTL6, Class D (S)		     3.781     10-05-25           975,000     971,774  
  Springleaf Mortgage Loan Trust
Series 2012-3A, Class M1 (P) (S)		     2.660     12-25-59           265,000     264,963  
  TMSQ Mortgage Trust
Series 2014-1500, Class D (P) (S)		     3.834     10-10-36           340,000     348,282  
  UBS Commercial Mortgage Trust  
        Series 2012-C1, Class B     4.822     05-10-45           405,000     451,203  
        Series 2012-C1, Class C (P) (S)     5.542     05-10-45           270,000     307,834  
  UBS-Barclays Commercial Mortgage Trust
Series 2012-C2, Class XA IO (S)		     1.753     05-10-63           4,823,444     374,651  
  VNDO Mortgage Trust
Series 2013-PENN, Class D (P) (S)		     3.947     12-13-29           612,000     639,306  
  Wachovia Bank Commercial Mortgage Trust
Series 2007-C31, Class AM (P)		     5.591     04-15-47           285,000     306,292  
  WaMu Mortgage Pass Through Certificates
Series 2005-AR8, Class 2AB2 (P)		     0.588     07-25-45           604,300     557,738  
  Wells Fargo Commercial Mortgage Trust  
        Series 2013-120B, Class C (P) (S)     2.710     03-18-28           935,000     931,800  
        Series 2013-BTC, Class E (P) (S)     3.550     04-16-35           620,000     589,562  
  WF-RBS Commercial Mortgage Trust  
        Series 2012-C9, Class XA IO (S)     2.210     11-15-45           5,004,338     559,460  
        Series 2013-C15, Class B (P)     4.482     08-15-46           155,000     171,563  
        Series 2013-C16, Class B (P)     4.983     09-15-46           265,000     303,919  
  U.S. Government Agency 2.6%     4,838,059  
  Federal Home Loan Mortgage Corp.  
        Series 290, Class IO     3.500     11-15-32           3,161,416     600,822  
        Series 3747, Class HI IO     4.500     07-15-37           2,941,319     166,393  
        Series 3794, Class PI IO     4.500     02-15-38           513,044     32,765  
        Series 3830, Class NI IO     4.500     01-15-36           2,478,239     198,606  
        Series 4077, Class IK IO     5.000     07-15-42           765,861     142,338  
        Series 4136, Class IH IO     3.500     09-15-27           2,194,023     254,612  
        Series K017, Class X1 IO     1.431     12-25-21           2,937,094     232,524  
        Series K018, Class X1 IO     1.441     01-25-22           3,660,840     291,963  
        Series K021, Class X1 IO     1.502     06-25-22           800,934     71,720  
        Series K022, Class X1 IO     1.298     07-25-22           7,000,924     545,561  
        Series K707, Class X1 IO     1.548     12-25-18           2,412,315     126,876  
        Series K709, Class X1 IO     1.535     03-25-19           3,317,023     183,013  
        Series K710, Class X1 IO     1.777     05-25-19           2,530,675     165,496  
  Federal National Mortgage Association  
        Series 2010-68, Class CI IO     5.000     11-25-38           663,714     55,464  

SEE NOTES TO FUND'S INVESTMENTS13

Income Securities Trust

                                                           
        Rate (% )    Maturity date     Par value^     Value  
  U.S. Government Agency  (continued)        
        Series 2012-118, Class IB IO     3.500     11-25-42           1,317,262     $235,592  
        Series 2012-137, Class QI IO     3.000     12-25-27           2,490,878     298,215  
        Series 2012-137, Class WI IO     3.500     12-25-32           1,872,255     317,029  
        Series 402, Class 3 IO     4.000     11-25-39           403,707     57,727  
        Series 402, Class 4 IO     4.000     10-25-39           627,753     84,774  
        Series 402, Class 7 IO     4.500     11-25-39           561,160     81,680  
        Series 402, Class 8 IO     4.500     11-25-39           507,247     66,556  
        Series 407, Class 15 IO     5.000     01-25-40           605,368     92,226  
        Series 407, Class 21 IO     5.000     01-25-39           284,864     27,233  
        Series 407, Class 7 IO     5.000     03-25-41           249,744     40,000  
        Series 407, Class 8 IO     5.000     03-25-41           258,867     39,665  
        Series 407, Class C6 IO     5.500     01-25-40           949,536     184,949  
  Government National Mortgage Association  
        Series 2012-114, Class IO     0.993     01-16-53           1,934,494     160,006  
        Series 2013-42, Class IO     3.500     03-20-43           915,562     84,254  
  Asset backed securities 12.0% (8.1% of Total investments)     $22,196,626  
  (Cost $21,647,954)  
  Asset Backed Securities 12.0%     22,196,626  
  ACE Securities Corp.
Series 2005-HE3, Class M2 (P)		     0.843     05-25-35           315,000     301,124  
  Aegis Asset Backed Securities Trust
Series 2005-4, Class M1 (P)		     0.618     10-25-35           750,000     672,782  
  Ally Auto Receivables Trust
Series 2014-2, Class A4		     1.840     01-15-20           735,000     745,355  
  Ally Master Owner Trust
Series 2012-4, Class A		     1.720     07-15-19           275,000     277,339  
  American Express Credit Account Master Trust
Series 2014-1, Class A4		     1.490     04-15-20           760,000     766,831  
  Ameriquest Mortgage Securities, Inc.
Series 2005-R3, Class M2 (P)		     0.638     05-25-35           480,000     453,133  
  Applebee's/IHOP Funding LLC
Series 2014-1, Class A2 (S)		     4.277     09-05-44           1,005,000     1,038,795  
  Argent Securities, Inc.  
        Series 2003-W10, Class M1 (P)     1.249     01-25-34           257,870     248,818  
        Series 2004-W6, Class M1 (P)     0.993     05-25-34           225,538     219,398  
  Bravo Mortgage Asset Trust
Series 2006-1A, Class A2 (P) (S)		     0.408     07-25-36           829,513     777,064  
  CarMax Auto Owner Trust
Series 2014-3, Class A3		     1.160     06-17-19           660,000     660,909  
  Chase Issuance Trust
Series 2014-A6, Class A		     1.260     07-15-19           541,000     543,094  
  Chrysler Capital Auto Receivables Trust
Series 2014-BA, Class A4 (S)		     1.760     12-16-19           190,000     192,485  
  Citibank Credit Card Issuance Trust  
        Series 2007-A8, Class A8     5.650     09-20-19           450,000     501,691  
        Series 2014-A8, Class A8     1.730     04-09-20           955,000     967,239  
  Citicorp Residential Mortgage Securities, Inc.
Series 2007-2, Class A6 (P)		     6.265     06-25-37           201,313     207,795  
  CKE Restaurant Holdings, Inc.
Series 2013-1A, Class A2 (S)		     4.474     03-20-43           1,085,731     1,127,024  
  ContiMortgage Home Equity Loan Trust
Series 1995-2, Class A5		     8.100     08-15-25           26,629     25,546  
  Countrywide Asset-Backed Certificates
Series 2004-10, Class AF5B (P)		     5.613     02-25-35           474,981     483,556  

14SEE NOTES TO FUND'S INVESTMENTS

Income Securities Trust

                                                           
        Rate (% )    Maturity date     Par value^     Value  
  Asset Backed Securities  (continued)        
  Credit Suisse Mortgage Trust
Series 2006-CF2, Class M1 (P) (S)		     0.638     05-25-36           735,000     $710,023  
  DB Master Finance LLC
Series 2015-1A, Class A2II (S)		     3.980     02-20-45           870,000     870,063  
  Encore Credit Receivables Trust
Series 2005-2, Class M2 (P)		     0.858     11-25-35           600,000     585,253  
  Ford Credit Floorplan Master Owner Trust  
        Series 2012-5, Class A     1.490     09-15-19           690,000     693,117  
        Series 2014-4, Class A1     1.400     08-15-19           950,000     954,174  
  GSAA Home Equity Trust
Series 2005-11, Class 3A1 (P)		     0.438     10-25-35           597,755     561,017  
  GSAA Trust
Series 2005-10, Class M3 (P)		     0.718     06-25-35           675,000     642,861  
  Home Equity Mortgage Loan Asset-Backed Trust
Series 2005-C, Class AII3 (P)		     0.538     05-25-17           442,362     425,614  
  Honda Auto Receivables Owner Trust
Series 2014-3, Class A4		     1.310     10-15-20           525,000     527,255  
  John Deere Owner Trust
Series 2014-B, Class A4		     1.500     06-15-21           555,000     559,718  
  Merrill Lynch Mortgage Investors, Inc.
Series 2005-WMC1, Class M1 (P)		     0.918     09-25-35           256,559     232,168  
  MVW Owner Trust
Series 2014-1A, Class A (S)		     2.250     09-20-31           189,196     188,818  
  Porsche Innovative Lease Owner Trust
Series 2014-1, Class A4 (S)		     1.260     09-21-20           445,000     446,269  
  Sonic Capital LLC
Series 2011-1A, Class A2 (S)		     5.438     05-20-41           361,628     384,832  
  Soundview Home Loan Trust
Series 2006-OPT2, Class A3 (P)		     0.348     05-25-36           200,731     186,223  
  Specialty Underwriting & Residential Finance Trust
Series 2006-BC1, Class A2D (P)		     0.468     12-25-36           1,090,000     1,055,653  
  Volkswagen Credit Auto Master Trust
Series 2014-1A, Class A2 (S)		     1.400     07-22-19           445,000     447,757  
  Westgate Resorts LLC  
        Series 2012-2A, Class B (S)     4.500     01-20-25           612,539     616,875  
        Series 2012-3A, Class B (S)     4.500     03-20-25           361,224     363,794  
        Series 2013-1A, Class B (S)     3.750     08-20-25           128,729     129,635  
        Series 2014-1A, Class A (S)     2.150     12-20-26           848,922     840,623  
        Series 2014-1A, Class B (S)     3.250     12-20-26           567,414     564,906  
        Shares     Value  
  Common stocks 6.2% (4.2% of Total investments)     $11,588,766  
  (Cost $9,767,847)  
  Consumer discretionary 0.3%     647,080  
  Hotels, restaurants and leisure 0.3%  
  McDonald's Corp. (Z)     7,000     647,080  
  Consumer staples 1.0%     1,782,500  
  Food products 0.5%  
  Kraft Foods Group, Inc. (Z)     15,000     980,100  
  Tobacco 0.5%  
  Philip Morris International, Inc. (Z)     10,000     802,400  

SEE NOTES TO FUND'S INVESTMENTS15

Income Securities Trust

                                                           
        Shares     Value  
  Energy 0.3%     $491,600  
  Oil, gas and consumable fuels 0.3%  
  Royal Dutch Shell PLC, ADR, Class A (Z)     8,000     491,600  
  Financials 0.8%     1,503,945  
  Banks 0.3%  
  U.S. Bancorp (Z)     14,500     607,695  
  Real estate investment trusts 0.5%  
  Weyerhaeuser Company (Z)     25,000     896,250  
  Health care 1.2%     2,222,216  
  Pharmaceuticals 1.2%  
  Johnson & Johnson (Z)     8,258     826,956  
  Pfizer, Inc. (Z)     24,000     750,000  
  Sanofi, ADR (Z)     14,000     645,260  
  Industrials 0.9%     1,617,720  
  Commercial services and supplies 0.4%  
  Republic Services, Inc. (Z)     20,000     793,600  
  Machinery 0.5%  
  Stanley Black & Decker, Inc. (Z)     8,800     824,120  
  Information technology 0.8%     1,592,760  
  Semiconductors and semiconductor equipment 0.4%  
  Intel Corp. (Z)     26,000     859,040  
  Technology hardware, storage and peripherals 0.4%  
  Seagate Technology PLC (Z)     13,000     733,720  
  Materials 0.6%     1,068,150  
  Chemicals 0.6%  
  E.I. du Pont de Nemours & Company (Z)     15,000     1,068,150  
  Telecommunication services 0.3%     662,795  
  Diversified telecommunication services 0.3%  
  Verizon Communications, Inc.     14,500     662,795  
  Preferred securities (b) 1.9% (1.3% of Total investments)     $3,602,240  
  (Cost $3,519,376)  
  Consumer staples 0.3%     575,000  
  Food and staples retailing 0.3%  
  Ocean Spray Cranberries, Inc., Series A, 6.250% (S)           6,250     575,000  
  Financials 0.9%     1,684,908  
  Banks 0.1%  
  Wells Fargo & Company, Series L, 7.500%           192     238,656  
  Consumer finance 0.7%  
  Ally Financial, Inc., 7.000% (S)(Z)           691     691,022  
  GMAC Capital Trust I (8.125% to 2-15-16, then 3 month LIBOR + 5.785%) (Z)           24,985     657,106  
  Real estate investment trusts 0.1%  
  Weyerhaeuser Company, 6.375%           1,700     98,124  
  Industrials 0.2%     365,994  
  Aerospace and defense 0.2%  
  United Technologies Corp., 7.500% (Z)           6,106     365,994  

16SEE NOTES TO FUND'S INVESTMENTS

Income Securities Trust

                                                           
        Shares     Value  
  Telecommunication services 0.1%     $258,479  
  Diversified telecommunication services 0.1%  
  Intelsat SA, 5.750%           5,900     258,479  
  Utilities 0.4%     717,859  
  Electric utilities 0.1%  
  Exelon Corp., 6.500%           4,341     227,295  
  Multi-utilities 0.3%  
  Dominion Resources, Inc., 6.375% (Z)           9,485     490,564  
        Rate (% )    Maturity date     Par value^     Value  
  Escrow certificates 0.0% (0.0% of Total investments)     $123  
  (Cost $0)  
  Materials 0.0%     123  
  Smurfit-Stone Container Corp. (I)     8.000     03-15-17     245,000     123  
              Par value     Value  
  Short-term investments 1.6% (1.1% of Total investments)     $2,945,000  
  (Cost $2,945,000)  
  Repurchase agreement 1.6%     2,945,000  
  Repurchase Agreement with State Street Corp., dated 1-30-15 at 0.000% to be repurchased at $2,945,000 on 2-2-15, collateralized by $2,785,000 U.S. Treasury Notes, 2.625% due 8-15-20 (valued at $3,004,458, including interest)           2,945,000     2,945,000  
  Total investments (Cost $264,119,647)† 148.2%     $275,533,032  
  Other assets and liabilities, net (48.2%)     ($89,651,858 )
  Total net assets 100.0%     $185,881,174  

                   
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund.
^All par values are denominated in U.S. dollars unless otherwise indicated.
Key to Security Abbreviations and Legend
ADR American Depositary Receipts
IO Interest-Only Security - (Interest Tranche of Stripped Mortgage Pool). Rate shown is the effective yield at period end.
ISDAFIX International Swaps and Derivatives Association Fixed Interest Rate Swap Rate
LIBOR London Interbank Offered Rate
PIK Payment-in-kind
REIT Real Estate Investment Trust
USGG U.S. Generic Government Yield Index
(a) Includes hybrid securities with characteristics of both equity and debt that trade with, and pay, interest income.
(b) Includes preferred stocks and hybrid securities with characteristics of both equity and debt that pay dividends on a periodic basis.
(H) Non-income producing - Issuer is in default.
(I) Non-income producing security.
(M) Term loans are variable rate obligations. The coupon rate shown represents the rate at period end.
(P) Variable rate obligation. The coupon rate shown represents the rate at period end.
(Q) Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date.
(S) These securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. Rule 144A securities amounted to $73,242,937 or 39.4% of the fund's net assets as of 1-31-15.
(Z) All or a portion of this security is pledged as collateral pursuant to the Credit Facility Agreement. Total collateral value at 1-31-15 was $154,761,943.
† At 1-31-15, the aggregate cost of investment securities for federal income tax purposes was $265,488,457. Net unrealized appreciation aggregated $10,044,575, of which $15,462,545 related to appreciated investment securities and $5,417,970 related to depreciated investment securities.

SEE NOTES TO FUND'S INVESTMENTS17

Notes to Fund's investments

Security valuation. Investments are stated at value as of the close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 p.m., Eastern Time. In order to value the securities, the fund uses the following valuation techniques: Equity securities held by the fund are valued at the last sale price or official closing price on the exchange where the security was acquired or most likely will be sold. In the event there were no sales during the day or closing prices are not available, the securities are valued using the last available bid price. Debt obligations are valued based on the evaluated prices provided by an independent pricing vendor or from broker-dealers. Independent pricing vendors utilize matrix pricing which takes into account factors such as institutional-size trading in similar groups of securities, yield, quality, coupon rate, maturity, type of issue, trading characteristics and other market data, as well as broker supplied prices. Swaps are valued using evaluated prices obtained from an independent pricing vendor. Securities that trade only in the over-the-counter (OTC) market are valued using bid prices. Other portfolio securities and assets, for which reliable market quotations are not readily available, are valued at fair value as determined in good faith by the fund's Pricing Committee following procedures established by the Board of Trustees. The frequency with which these fair valuation procedures are used cannot be predicted and fair value of securities may differ significantly from the value that would have been used had a ready market for such securities existed.

The fund uses a three-tier hierarchy to prioritize the pricing assumptions, referred to as inputs, used in valuation techniques to measure fair value. Level 1 includes securities valued using quoted prices in active markets for identical securities. Level 2 includes securities valued using other significant observable inputs. Observable inputs may include quoted prices for similar securities, interest rates, prepayment speeds and credit risk. Prices for securities valued using these inputs are received from independent pricing vendors and brokers and are based on an evaluation of the inputs described. Level 3 includes securities valued using significant unobservable inputs when market prices are not readily available or reliable, including the fund's own assumptions in determining the fair value of investments. Factors used in determining value may include market or issuer specific events or trends, changes in interest rates and credit quality. The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. Changes in valuation techniques may result in transfers into or out of an assigned level within the disclosure hierarchy.

The following is a summary of the values by input classification of the fund's investments as of January 31, 2015, by major security category or type:

                             
        Total
market value
at 1-31-15		     Level 1
quoted price		     Level 2
significant
observable
inputs		     Level 3
significant
unobservable
inputs		  
  Corporate bonds     $131,841,452     —     $131,833,624     $7,828  
  Term loans     1,149,897     —     1,149,897     —  
  Capital preferred securities     3,025,204     —     3,025,204     —  
  U.S. Government and Agency obligations     62,029,720     —     62,029,720     —  
  Foreign government obligations     297,477     —     297,477     —  
  Collateralized mortgage obligations     36,856,527     —     36,602,448     254,079  
  Asset backed securities     22,196,626     —     22,196,626     —  
  Common stocks     11,588,766     $11,588,766     —     —  
  Preferred securities     3,602,240     2,336,218     1,266,022     —  
  Escrow certificates     123     —     —     123  
  Short-term investments     2,945,000     —     2,945,000     —  
  Total Investments in Securities     $275,533,032     $13,924,984     $261,346,018     $262,030  
  Other Financial Instruments:                          
  Interest rate swaps     ($626,455 )   —     ($626,455 )   —  

Repurchase agreements. The fund may enter into repurchase agreements. When the fund enters into a repurchase agreement, it receives collateral that is held in a segregated account by the fund's custodian. The collateral amount is marked-to-market and monitored on a daily basis to ensure that the collateral held is in an amount not less than the principal amount of the repurchase agreement plus any accrued interest. Collateral received by the fund for repurchase agreements is disclosed in the Fund's investments as part of the caption related to the repurchase agreement.

Repurchase agreements are typically governed by the terms and conditions of the Master Repurchase Agreement and/or Global Master Repurchase Agreement (collectively, MRA). Upon an event of default, the non-defaulting party may close out all transactions traded under the MRA and net amounts owed. In the event of a default by the counterparty, realization of the collateral proceeds could be delayed, during which time the collateral value may decline or the counterparty may have insufficient assets to pay back claims resulting from close-out of the transactions.

Stripped securities. Stripped securities are financial instruments structured to separate principal and interest cash flows so that one class receives principal payments from the underlying assets (PO or principal only), while the other class receives the interest cash flows (IO or interest only). Both PO and IO investments represent an interest in the cash flows of an underlying stripped security. If the underlying assets experience greater than anticipated prepayments of principal, the fund may fail to fully recover its initial investment in an IO security. The market value of these securities can be extremely volatile in response to changes in interest rates or prepayments on the underlying securities. In addition, these securities present additional credit risk such that the fund may not receive all or part of its principal or interest payments because the borrower or issuer has defaulted on its obligation.

18

Derivative instruments. The fund may invest in derivatives in order to meet its investment objectives. Derivatives include a variety of different instruments that may be traded in the OTC market, on a regulated exchange or through a clearing facility. The risks in using derivatives vary depending upon the structure of the instruments, including the use of leverage, optionality, the liquidity or lack of liquidity of the contract, the creditworthiness of the counterparty or clearing organization and the volatility of the position. Some derivatives involve risks that are potentially greater than the risks associated with investing directly in the referenced securities or other referenced underlying instrument. Specifically, the fund is exposed to the risk that the counterparty to an OTC derivatives contract will be unable or unwilling to make timely settlement payments or otherwise honor its obligations. OTC derivatives transactions typically can only be closed out with the other party to the transaction.

Interest rate swaps. Interest rate swaps represent an agreement between the fund and a counterparty to exchange cash flows based on the difference between two interest rates applied to a notional amount. The payment flows are usually netted against each other, with the difference being paid by one party to the other. The fund settles accrued net interest receivable or payable under the swap contracts at specified, future intervals. Swap agreements are privately negotiated in the OTC market or may be executed on a registered commodities exchange (centrally cleared swaps). Swaps are marked-to-market daily and the change in value is recorded as unrealized appreciation/depreciation of swap contracts. A termination payment by the counterparty or the fund is recorded as realized gain or loss, as well as the net periodic payments received or paid by the fund. The value of the swap will typically impose collateral posting obligations on the party that is considered out-of-the-money on the swap.

During the period ended January 31, 2015, the fund used interest rate swaps in anticipation of rising interest rates. The following table summarizes the interest rate swap contracts held as of January 31, 2015.

                                   
  Counterparty     USD notional
amount		     Payments made
by fund		     Payments received
by fund		     Maturity
date		     Market value  
  Morgan Stanley
Capital Services		     $22,000,000     Fixed 1.442500%     3 Month LIBOR (a)     Aug 2016     ($436,685 )
  Morgan Stanley
Capital Services		     22,000,000     Fixed 1.093750%     3 Month LIBOR (a)     May 2017     (189,770 )
  Total     $44,000,000                       ($626,455 )

(a) At 1-31-15, the 3-month LIBOR rate was 0.2531%

For additional information on the fund's significant accounting policies, please refer to the fund's most recent semiannual or annual shareholder report.

19

More information

     
How to contact us
Internet www.jhinvestments.com  
Mail Regular mail:
John Hancock Signature Services, Inc.
P.O. Box 55913
Boston, MA 02205-5913		 Express mail:
John Hancock Signature Services, Inc.
30 Dan Road
Canton, MA 02021
Phone Customer service representatives
EASI-Line
TDD line		 800-225-5291
800-338-8080
800-231-5469

     
  P6Q1 01/15
This report is for the information of the shareholders of John Hancock Income Securities Trust.   3/15


ITEM 2.  CONTROLS AND PROCEDURES.


(a)      Based upon their evaluation of the registrant's disclosure controls and procedures as conducted within 90 days of the filing date of this Form N-Q, the registrant's principal executive officer and principal accounting officer have concluded that those disclosure controls and procedures provide reasonable assurance that the material information required to be disclosed by the registrant on this report is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms.


(b)      There were no changes in the registrant's internal control over financial reporting that occurred during the registrant's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.


ITEM 3. EXHIBITS.


Separate certifications for the registrant's principal executive officer and principal accounting officer, as required by Rule 30a-2(a) under the Investment Company Act of 1940, are attached.





SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


John Hancock Income Securities Trust



By:    

         

/s/ Andrew G. Arnott

_______________________

      

Andrew G. Arnott

 

President




Date:    March 12, 2015



Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.



By:    

         

/s/ Andrew G. Arnott

_______________________

      

Andrew G. Arnott

 

President



Date:    March 12, 2015



By:   

         

/s/ Charles A. Rizzo

_______________________

      

Charles A. Rizzo

 

Chief Financial Officer



Date:    March 12, 2015