John Hancock

Tax-Advantaged Dividend Income Fund

Quarterly portfolio holdings 1/31/16

	As of 1-31-16 (unaudited)
																			Shares			Value
	Common stocks 70.2% (46.7% of Total investments)																					$587,671,575
	(Cost $460,331,037)
	Energy 10.8%																					90,449,780
	Oil, gas and consumable fuels 10.8%
	BP PLC, ADR																		187,500			6,069,375
	Chevron Corp.																		40,000			3,458,800
	Columbia Pipeline Group, Inc.																		690,000			12,799,500
	ConocoPhillips																		195,000			7,620,600
	Kinder Morgan, Inc.																		232,000			3,816,400
	ONEOK, Inc.																		530,000			13,202,300
	Royal Dutch Shell PLC, ADR, Class A																		271,000			11,905,030
	Spectra Energy Corp.																		1,053,500			28,918,575
	Total SA, ADR																		60,000			2,659,200
	Materials 0.0%																					299,000
	Metals and mining 0.0%
	Freeport-McMoRan, Inc.																		65,000			299,000
	Telecommunication services 2.5%																					21,089,474
	Diversified telecommunication services 1.8%
	AT&T, Inc.																		250,000			9,015,000
	Verizon Communications, Inc.																		129,160			6,454,125
	Wireless telecommunication services 0.7%
	Vodafone Group PLC, ADR																		174,545			5,620,349
	Utilities 56.9%																					475,833,321
	Electric utilities 26.1%
	American Electric Power Company, Inc.																		590,000			35,972,300
	Avangrid, Inc. (I)																		475,000			18,263,750
	Duke Energy Corp.																		320,000			24,096,000
	Entergy Corp.																		298,000			21,032,840
	Eversource Energy																		657,500			35,373,500
	FirstEnergy Corp.																		582,500			19,257,450
	OGE Energy Corp. (C)(L)(Z)																		540,000			14,164,200
	Pinnacle West Capital Corp.																		50,000			3,315,500
	PPL Corp.																		500,000			17,530,000
	The Southern Company																		375,000			18,345,000
	Xcel Energy, Inc.																		300,000			11,466,000
	Gas utilities 5.7%
	AGL Resources, Inc.																		70,000			4,449,200
	Atmos Energy Corp.																		350,000			24,227,000
	Northwest Natural Gas Company																		30,000			1,558,500
	ONE Gas, Inc.																		170,000			9,615,200
	Questar Corp.																		372,800			7,601,392
	Independent power and renewable electricity producers 0.1%
	Talen Energy Corp. (I)																		62,453			446,539
	Multi-utilities 25.0%
	Alliant Energy Corp.																		195,000			12,741,300
	Ameren Corp.																		540,000			24,256,800
	Black Hills Corp.																		440,000			21,683,200
	CenterPoint Energy, Inc.																		1,020,000			18,227,400
	Dominion Resources, Inc.																		400,000			28,868,000
	DTE Energy Company																		250,000			21,252,500

																			Shares			Value
	Utilities  (continued)
	Multi-utilities  (continued)
	National Grid PLC, ADR																		255,000			18,056,550
	NiSource, Inc.																		770,000			16,177,700
	Public Service Enterprise Group, Inc.																		70,000			2,891,000
	TECO Energy, Inc.																		180,000			4,881,600
	Vectren Corp.																		760,000			31,798,400
	WEC Energy Group, Inc.																		150,000			8,284,500
	Preferred securities 78.4% (52.2% of Total investments)																					$656,651,758
	(Cost $616,600,835)
	Energy 1.2%																					10,196,345
	Oil, gas and consumable fuels 1.2%
	Kinder Morgan, Inc., 9.750% (Z)																		236,300			10,196,345
	Financials 51.8%																					433,557,480
	Banks 31.4%
	Bank of America Corp., 6.375% (Z)																		139,000			3,552,840
	Bank of America Corp., 6.500% (Z)																		153,476			3,998,050
	Bank of America Corp., 6.625% (Z)																		355,000			9,407,500
	Bank of America Corp., Depositary Shares, Series D, 6.204% (Z)																		230,000			5,963,900
	Barclays Bank PLC, Series 5, 8.125%																		505,000			13,291,600
	BB&T Corp., 5.625% (Z)																		606,000			15,646,920
	BB&T Corp. (Callable 11-1-17), 5.200% (Z)																		225,000			5,683,500
	BB&T Corp. (Callable 6-1-18), 5.200% (Z)																		480,000			12,144,000
	Citigroup, Inc. (6.875% to 11-15-23, then 3 month LIBOR + 4.130%) (Z)																		25,000			686,750
	Citigroup, Inc., Depositary Shares, Series AA, 8.125% (Z)																		270,400			7,576,608
	HSBC Holdings PLC, 8.000% (C)																		325,000			8,469,500
	HSBC Holdings PLC, 8.125% (Z)																		50,000			1,331,500
	HSBC USA, Inc., 6.500%																		19,500			505,050
	ING Groep NV, 6.200% (Z)																		109,100			2,777,686
	ING Groep NV, 7.050% (Z)																		150,000			3,907,500
	JPMorgan Chase & Co., 5.450% (Z)																		245,000			6,178,900
	JPMorgan Chase & Co., 5.500% (Z)																		980,000			24,705,800
	JPMorgan Chase & Co., 6.100% (Z)																		510,000			13,081,500
	JPMorgan Chase & Co., 6.125% (Z)																		98,888			2,559,221
	JPMorgan Chase & Co., 6.700% (Z)																		30,000			820,500
	RBS Capital Funding Trust VII, 6.080%																		970,000			24,153,000
	Royal Bank of Scotland Group PLC, Series L, 5.750% (Z)																		760,000			18,825,200
	Santander Holdings USA, Inc., Series C, 7.300%																		110,000			2,795,100
	The PNC Financial Services Group, Inc., 5.375% (C)																		280,000			7,184,800
	The PNC Financial Services Group, Inc. (6.125% to 5-1-22, then 3 month LIBOR + 4.067%) (Z)																		40,000			1,115,200
	U.S. Bancorp, 5.150% (C)																		720,000			18,648,000
	U.S. Bancorp (6.500% to 1-15-22, then 3 month LIBOR + 4.468%) (Z)																		296,000			8,444,880
	Wells Fargo & Company, 6.000% (L)(Z)																		215,000			5,650,200
	Wells Fargo & Company, 8.000% (Z)																		1,200,000			33,600,000
	Capital markets 16.9%
	Deutsche Bank Contingent Capital Trust II, 6.550% (C)																		310,000			7,821,300
	Deutsche Bank Contingent Capital Trust III, 7.600%																		797,893			20,481,913
	Morgan Stanley, 6.625% (Z)																		1,057,915			28,341,543
	Morgan Stanley (6.375% to 10-15-24, then 3 month LIBOR + 3.708%) (Z)																		220,000			5,717,800
	Morgan Stanley (7.125% to 10-15-23, then 3 month LIBOR + 4.320%) (Z)																		300,000			8,529,000
	State Street Corp., 5.250% (Z)																		910,000			23,459,800

																			Shares			Value
	Financials  (continued)
	Capital markets  (continued)
	State Street Corp., 6.000% (Z)																		192,065			5,057,071
	State Street Corp. (5.900% to 3-15-24, then 3 month LIBOR + 3.108%) (Z)																		25,000			672,500
	The Bank of New York Mellon Corp., 5.200% (Z)																		425,000			10,960,750
	The Goldman Sachs Group, Inc., 5.950% (C)																		950,000			24,538,500
	The Goldman Sachs Group, Inc., Series B, 6.200% (Z)																		215,000			5,566,350
	Consumer finance 3.0%
	Capital One Financial Corp., 6.200% (Z)																		80,000			2,088,800
	Capital One Financial Corp., 6.700% (Z)																		55,000			1,497,100
	HSBC Finance Corp., Depositary Shares, Series B, 6.360%																		700,000			17,955,000
	SLM Corp., Series A, 6.970%																		74,000			3,231,580
	Insurance 0.4%
	Aegon NV, 6.500% (Z)																		96,512			2,516,068
	Prudential Financial, Inc., 5.750% (Z)																		40,000			1,043,200
	Real estate investment trusts 0.1%
	Ventas Realty LP, 5.450% (Z)																		45,000			1,193,400
	Thrifts and mortgage finance 0.0%
	Federal National Mortgage Association, Series S, 8.250% (I)																		60,000			180,600
	Industrials 0.4%																					3,212,500
	Machinery 0.4%
	Stanley Black & Decker, Inc., 5.750% (Z)																		125,000			3,212,500
	Telecommunication services 5.8%																					48,342,430
	Diversified telecommunication services 3.9%
	Qwest Corp., 6.125%																		730,000			18,067,500
	Qwest Corp., 7.375%																		366,000			9,380,580
	Qwest Corp., 7.500%																		120,000			3,106,800
	Verizon Communications, Inc., 5.900% (Z)																		60,000			1,593,540
	Wireless telecommunication services 1.9%
	Telephone & Data Systems, Inc., 5.875% (Z)																		340,000			8,469,400
	Telephone & Data Systems, Inc., 6.625%																		30,000			777,900
	Telephone & Data Systems, Inc., 6.875% (Z)																		243,000			6,189,210
	United States Cellular Corp., 6.950% (Z)																		30,000			757,500
	Utilities 19.2%																					161,343,003
	Electric utilities 16.8%
	Duke Energy Corp., 5.125% (Z)																		210,000			5,401,200
	Entergy Arkansas, Inc., 4.560%																		9,388			909,756
	Entergy Arkansas, Inc., 6.450%																		135,000			3,426,300
	Entergy Mississippi, Inc., 4.920%																		8,190			805,436
	Entergy Mississippi, Inc., 6.250% (C)																		197,500			4,996,750
	Gulf Power Company, 5.600%																		100,155			10,174,907
	Interstate Power & Light Company, 5.100%																		1,380,000			35,535,000
	Mississippi Power Company, 5.250%																		267,500			6,989,775
	NextEra Energy Capital Holdings, Inc., 5.000% (Z)																		110,000			2,724,700
	NextEra Energy Capital Holdings, Inc., 5.700% (Z)																		225,000			5,775,750
	PPL Capital Funding, Inc., 5.900% (Z)																		1,010,000			26,219,600
	SCE Trust I, 5.625%																		143,777			3,733,889
	SCE Trust II, 5.100%																		1,275,000			31,773,000
	The Southern Company, 6.250% (Z)																		80,000			2,119,200

																			Shares			Value
	Utilities  (continued)
	Multi-utilities 2.4%
	BGE Capital Trust II, 6.200%																		247,000			6,525,740
	DTE Energy Company, 6.500% (Z)																		175,000			4,578,000
	DTE Energy Company, 5.250% (C)																		165,000			4,141,500
	Integrys Holding, Inc. (6.000% to 8-1-23, then 3 month LIBOR + 3.220%)																		210,000			5,512,500
							Rate (%				)		Maturity date			Par value^						Value
	Corporate bonds 0.4% (0.3% of Total investments)																					$3,300,000
	(Cost $3,000,000)
	Utilities 0.4%																					3,300,000
	Electric utilities 0.4%
	Southern California Edison Company (6.250% to 2-1-22, then 3 month LIBOR + 4.199%) (Q)						6.250						02-01-22			3,000,000						3,300,000
																			Par value^			Value
	Short-term investments 1.2% (0.8% of Total investments)																					$9,652,000
	(Cost $9,652,000)
	Repurchase agreement 1.2%																					9,652,000
	Repurchase Agreement with State Street Corp. dated 1-29-16 at 0.030% to be repurchased at $9,652,024 on 2-1-16, collateralized by $9,550,000 U.S. Treasury Notes, 0.625% - 2.750% due 6-30-17 to 2-15-19 (valued at $9,848,438, including interest).																		9,652,000			9,652,000
	Total investments (Cost $1,089,583,872)† 150.2%																					$1,257,275,333
	Other assets and liabilities, net (50.2%)																					($420,170,389	)
	Total net assets 100.0%																					$837,104,944

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

LIBOR

London Interbank Offered Rate

(C)

All or a portion of this security is segregated as collateral for options. Total collateral value at 1-31-16 was $85,190,688.

(I)

Non-income producing security.

(L)

A portion of this security is on loan as of 1-31-16, and is a component of the fund's leverage under the Liquidity Agreement. The value of securities on loan amounted to $252,408,514.

(Q)

Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date.

(Z)

A portion of this security is segregated as collateral pursuant to the Liquidity Agreement. Total collateral value at 1-31-16 was $604,381,441.

†

At 1-31-16, the aggregate cost of investment securities for federal income tax purposes was $1,096,100,665. Net unrealized appreciation aggregated $161,174,668, of which $194,493,584 related to appreciated investment securities and $33,318,916 related to depreciated investment securities.

The fund had the following country composition as a percentage of total investments on 1-31-16:

	United States			88.6
	United Kingdom			8.6
	Netherlands			2.5
	France			0.3
	Total			100.0

Notes to Fund's investments (unaudited)

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 or principal market 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. Options listed on an exchange are valued at the mean of the most recent bid and ask prices from the exchange where the option was acquired or most likely will be sold. Swaps are valued using evaluated prices obtained from an independent pricing vendor. Futures contracts are valued at settlement prices, which are the official closing prices published by the exchange on which they trade. 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 and related inputs 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, 2016, by major security category or type:

							Total value at 1-31-16			Level 1 quoted price			Level 2 significant observable inputs			Level 3 significant unobservable inputs
	Common stocks
				Energy			$90,449,780			$90,449,780			—			—
				Materials			299,000			299,000			—			—
				Telecommunication services			21,089,474			21,089,474			—			—
				Utilities			475,833,321			475,833,321			—			—
	Preferred securities
				Energy			10,196,345			10,196,345			—			—
				Financials			433,557,480			433,557,480			—			—
				Industrials			3,212,500			3,212,500			—			—
				Telecommunication services			48,342,430			46,748,890			$1,593,540			—
				Utilities			161,343,003			138,943,654			22,399,349			—
	Corporate bonds
				Utilities			3,300,000			—			3,300,000			—
	Short-term investments						9,652,000			—			9,652,000			—
	Total investments in securities						$1,257,275,333			$1,220,330,444			$36,944,889			—
	Other financial instruments
	Futures						($1,620,220	)		($1,620,220	)		—			—
	Written options						($2,696,350	)		($2,696,350	)		—			—
	Interest rate swaps						($1,066,391	)		—			($1,066,391	)		—

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. Absent an event of default, assets and liabilities resulting from repurchase agreements are not offset. 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.

       6

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.

Futures. A futures contract is a contractual agreement to buy or sell a particular currency or financial instrument at a pre-determined price in the future. Risks related to the use of futures contracts include possible illiquidity of the futures markets and contract prices that can be highly volatile and imperfectly correlated to movements in the underlying financial instrument. Use of long futures contracts subjects the funds to the risk of loss up to the notional value of the futures contracts. Use of short futures contracts subjects the funds to unlimited risk of loss.

During the period ended January 31, 2016, the fund used futures contracts to manage against anticipated interest rate changes. The following table summarizes the contracts held at January 31, 2016.

	Open contracts			Number of contracts			Position			Expiration date			Notional basis			Notional value			Unrealized appreciation (depreciation)
	10-Year U.S. Treasury Note Futures			490			Short			Mar 2016			($61,873,061	)		($63,493,281	)		($1,620,220	)
																			($1,620,220	)

Notional basis refers to the contractual amount agreed upon at inception of open contracts; notional value represents the current value of the open contract.

Options. There are two types of options, put options and call options. Options are traded either OTC or on an exchange. A call option gives the purchaser of the option the right to buy (and the seller the obligation to sell) the underlying instrument at the exercise price. A put option gives the purchaser of the option the right to sell (and the writer the obligation to buy) the underlying instrument at the exercise price. Writing puts and buying calls may increase the fund's exposure to changes in the value of the underlying instrument. Buying puts and writing calls may decrease the fund's exposure to such changes. Risks related to the use of options include the loss of premiums, possible illiquidity of the options markets, trading restrictions imposed by an exchange and movements in underlying security values. In addition, OTC options are subject to the risks of all OTC derivatives contracts.

When the fund purchases an option, the premium paid by the fund is included in the portfolio of investments and subsequently "marked-to-market" to reflect current market value. When the fund writes an option, the premium received is included as a liability and subsequently "marked-to-market" to reflect current market value of the option written.

During the period ended January 31, 2016, the fund wrote option contracts to hedge against anticipated changes in securities markets and to generate potential income. The following tables summarize the fund's written options activities during the period ended January 31, 2016 and the contracts held at January 31, 2016.

							Number of contracts			Premiums received
	Outstanding, beginning of period						660			$2,243,192
				Options written			1,500			5,786,066
				Option closed			(1,535	)		(6,042,332	)
				Options exercised
				Options expired			(15	)		(140,238	)
	Outstanding, end of period						610			$1,846,688

	Name of issuer			Exercise price						Expiration date			Number of contracts			Premium			Value
	Calls
	S&P 500 Index			$2,030						Feb 2016			200			$44,842			($37,500	)
	S&P 500 Index			1,885						Feb 2016			410			1,801,846			(2,658,850	)
	Total												610			$1,846,688			($2,696,350	)

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, 2016, the fund used interest rate swaps to manage against anticipated interest rate changes. The following table summarizes the interest rate swap contracts held as of January 31, 2016.

       7

Counterparty

USD notional amount

Payments made by fund

Payments received by fund

Maturity date

Market value

Morgan Stanley Capital Services

$86,000,000

Fixed 1.4625%

3-Month LIBOR (a)

Aug 2016

($906,220

)

Morgan Stanley Capital Services

86,000,000

Fixed 0.8750%

3-Month LIBOR (a)

Jul 2017

(160,171

)

Total

$172,000,000

($1,066,391

)

^(a) At 1-31-16, the 3-Month LIBOR rate was 0.6156%

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

       8

More information

How to contact us
Internet	www.jhinvestments.com
Mail	Computershare P.O. Box 30170 College Station, TX 77842-3170
Phone	Customer service representatives Portfolio commentary 24-hour automated information TDD line	800-852-0218 800-344-7054 800-843-0090 800-231-5469

	P13Q1	01/16
This report is for the information of the shareholders of John Hancock Tax-Advantaged Dividend Income Fund.		3/16