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)
101 Huntington Avenue, Boston, Massachusetts 02199
(Address of principal executive offices) (Zip code)
Brian E. Langenfeld, Attorney and Assistant Secretary
101 Huntington Avenue
Boston, Massachusetts 02199
(Name and address of agent for service)
Registrant's telephone number, including area code: 617-375-1722
Date of fiscal year end: December 31
Date of reporting period: March 31, 2005
ITEM 1. SCHEDULE OF INVESTMENTS
JOHN HANCOCK
Income Securities Trust
3.31.2005
Quarterly Portfolio Holdings
[A 2" x 1" John Hancock (Signature)/John Hancock Funds logo in lower,
center middle of page. A tag line below reads "JOHN HANCOCK FUNDS."]
John Hancock
Income Securities Trust
Securities owned by the Fund on
March 31, 2005 (unaudited)
Interest Maturity Credit Par value
Issuer, description rate (%) date rating (A) ($000) Value
---------------------------------------------------------------------------------------------------------------------------------
Bonds 58.17% $152,934,205
(Cost $152,949,849)
Aerospace & Defense 0.44% 1,148,160
Raytheon Co.,
Note 8.300 03-01-2010 BBB- 1,000 1,148,160
Agricultural Products 0.83% 2,174,033
Bunge Ltd Finance Corp.,
Gtd Note (L) 4.375 12-15-2008 BBB 1,250 1,232,014
Corn Products International, Inc.,
Sr Note 8.450 08-15-2009 BBB- 835 942,019
Airlines 1.20% 3,144,126
American Airlines, Inc.,
Pass Thru Ctf Ser 2001-2 (L) 7.858 10-01-2011 A- 1,000 1,021,580
Continental Airlines, Inc.,
Pass Thru Ctf Ser 1999-1A 6.545 02-02-2019 A- 1,552 1,513,982
Pass Thru Ctf Ser 2000-2 Class B (L) 8.307 10-02-2019 BBB- 515 443,004
Jet Equipment Trust,
Equip Trust Ctf Ser 1995-B2 (B)(H)(S) 10.910 08-15-2014 D 550 2,750
Northwest Airlines Corp.,
Pass Thru Ctf Ser 1996-1D 8.970 01-02-2015 CCC+ 257 162,810
Apparel Retail 0.23% 599,331
Gap, Inc. (The),
Note (L) 9.800 12-15-2008 BBB- 515 599,331
Asset Management & Custody Banks 0.57% 1,506,689
Rabobank Capital Fund II,
Perpetual Bond (5.260% to 12-31-13 then
variable) (S) 5.260 12-29-2049 AA 1,500 1,506,689
Auto Parts & Equipment 0.17% 445,984
American Axle & Manufacturing, Inc.,
Sr Note 5.250 02-11-2014 BBB 500 445,984
Brewers 0.36% 957,829
Fosters Financial Corp.,
Note (S) 4.875 10-01-2014 BBB+ 1,000 957,829
Broadcasting & Cable TV 1.47% 3,875,223
AT&T Broadband Corp.,
Gtd Note 8.375 03-15-2013 BBB 1,020 1,211,998
British Sky Broadcasting Group Plc,
Gtd Sr Note (United Kingdom) 8.200 07-15-2009 BBB- 945 1,065,636
TCI Communications, Inc.,
Sr Deb 9.800 02-01-2012 BBB 860 1,077,959
XM Satellite Radio, Inc.,
Sr Sec Note, Step Coupon (Zero to 12-31-05 then
14.000%) (O) Zero 12-31-2009 CCC+ 509 519,630
Building Products 0.80% 2,098,454
Pulte Homes, Inc.,
Sr Note 6.250 02-15-2013 BBB- 1,000 1,031,033
Toll Brothers, Inc.,
Gtd Sr Note 6.875 11-15-2012 BBB- 1,000 1,067,421
Casinos & Gaming 1.09% 2,876,955
Chukchansi Economic Development Auth.,
Sr Note (G)(S) 14.500 06-15-2009 CCC+ 500 615,000
Harrah's Operating Co., Inc.,
Gtd Sr Note 8.000 02-01-2011 BBB- 765 868,098
Gtd Sr Note 5.500 07-01-2010 BBB- 755 768,057
Waterford Gaming, LLC,
Sr Note (S) 8.625 09-15-2012 B+ 596 625,800
Commodity Chemicals 0.52% 1,361,051
RPM International, Inc.,
Sr Note 6.250 12-15-2013 BBB 1,300 1,361,051
Consumer Finance 3.05% 8,012,320
Capital One Financial Corp.,
Sr Note 6.250 11-15-2013 BBB- 1,000 1,057,123
CIT Group, Inc.,
Sr Note 5.000 02-13-2014 A 750 737,083
Ford Motor Credit Co.,
Note 7.375 10-28-2009 BBB- 1,625 1,632,101
General Motors Acceptance Corp.,
Note 7.250 03-02-2011 BBB- 2,550 2,367,540
Household Finance Corp.,
Note 6.375 10-15-2011 A 645 696,794
HSBC Finance Corp.,
Sr Note 6.750 05-15-2011 A 1,390 1,521,679
Department Stores 0.30% 788,500
Penney J.C. Co., Inc.,
Deb 7.650 08-15-2016 BB+ 830 788,500
Diversified Banks 1.77% 4,666,638
Bank of New York,
Cap Security (S) 7.780 12-01-2026 A- 650 700,986
Barclays Bank Plc,
Perpetual Bond (6.860% to 06-15-32 then
variable) (United Kingdom) (S) 6.860 09-29-2049 A+ 1,600 1,791,302
Chuo Mitsui Trust & Banking Co.,
Perpetual Sub Note (5.506% to 04-15-15 then
variable) (Japan) (S) 5.506 12-01-2049 Baa2 390 372,906
Royal Bank of Scotland Group Plc,
Perpetual Bond (7.648% to 09-30-31 then
variable) (United Kingdom) 7.648 08-29-2049 A 650 798,597
Wachovia Corp.,
Sub Note 5.250 08-01-2014 A- 1,000 1,002,847
Diversified Chemicals 1.26% 3,309,681
NOVA Chemicals Corp.,
Med Term Note (Canada) 7.400 04-01-2009 BB+ 2,045 2,162,588
Potash Corp. of Saskatchewan, Inc.,
Note (Canada) 7.750 05-31-2011 BBB+ 1,000 1,147,093
Diversified Commercial Services 0.75% 1,972,501
Hutchison Whampoa International Ltd.,
Gtd Note (United Kingdom) (S) 6.500 02-13-2013 A- 750 791,580
Noble Group Ltd.,
Sr Note (Bermuda) (S) 6.625 03-17-2015 BB+ 1,000 929,046
Sotheby's Holdings, Inc.,
Note 6.875 02-01-2009 BB- 250 251,875
Diversified Financial Services 0.98% 2,585,189
Beaver Valley Funding Corp.,
Sec Lease Obligation Bond 9.000 06-01-2017 BB+ 513 599,030
Glencore Funding LLC,
Gtd Note (S) 6.000 04-15-2014 BBB 1,380 1,312,373
St. George Funding Co.,
Perpetual Bond (8.485% to 06-30-17 then
variable) (Australia) (S) 8.485 12-31-2049 BBB+ 615 673,786
Electric Utilities 6.26% 16,449,354
AES Eastern Energy, L.P.,
Pass Thru Ctf Ser 1999-A 9.000 01-02-2017 BB+ 387 445,578
BVPS II Funding Corp.,
Collateralized Lease Bond 8.890 06-01-2017 BB+ 700 826,742
El Paso Electric Co.,
1st Mtg Ser E 9.400 05-01-2011 BBB 1,000 1,087,831
Empresa Electrica Guacolda S.A.,
Sr Sec Note (Chile) (S) 8.625 04-30-2013 BBB- 850 934,487
Exelon Generation Co., LLC,
Sr Note 5.350 01-15-2014 A- 1,000 1,003,666
FPL Energy National Wind,
Sec Note (S) 5.608 03-10-2024 BBB- 400 395,404
HQI Transelect Chile S.A.,
Sr Note (Chile) 7.875 04-15-2011 A- 1,230 1,406,837
Indiantown Cogeneration, L.P.,
1st Mtg Note Ser A-9 9.260 12-15-2010 BB+ 511 561,470
IPALCO Enterprises, Inc.,
Sr Sec Note 8.625 11-14-2011 BB- 325 372,938
Midland Funding Corp. II,
Deb Ser B 13.250 07-23-2006 BB- 2,225 2,396,007
Monterrey Power S.A. de C.V.,
Sr Sec Bond (Mexico) (S) 9.625 11-15-2009 BBB- 514 581,184
PNPP II Funding Corp.,
Deb 9.120 05-30-2016 BB+ 491 575,855
PPL Capital Funding,
Gtd Sr Note Ser A 4.330 03-01-2009 BBB- 500 486,457
System Energy Resources, Inc.,
Sec Bond (S) 5.129 01-15-2014 BBB 449 438,989
TransAlta Corp.,
Note (Canada) 5.750 12-15-2013 BBB- 2,000 2,034,556
TXU Corp.,
Note (S) 6.500 11-15-2024 BBB- 1,020 974,721
Sec Bond 7.460 01-01-2015 BBB 638 684,452
Waterford 3 Funding Corp.,
Sec Lease Obligation Bond 8.090 01-02-2017 BBB- 1,149 1,242,180
Electrical Components & Equipment 1.09% 2,861,164
AMETEK, Inc.,
Sr Note 7.200 07-15-2008 BBB 1,500 1,601,436
Jabil Circuit, Inc.,
Sr Note (L) 5.875 07-15-2010 BB+ 1,220 1,259,728
Food Retail 1.18% 3,090,097
Ahold Finance USA, Inc.,
Gtd Sr Note 6.875 05-01-2029 BB- 280 266,000
Ahold Lease USA, Inc.,
Gtd Pass Thru Ctf Ser 2001A-1 7.820 01-02-2020 BB 931 1,001,691
Delhaize America, Inc.,
Gtd Note 9.000 04-15-2031 BB+ 1,500 1,822,406
Foreign Government 0.61% 1,603,688
Colombia, Republic of,
Note (Colombia) 10.000 01-23-2012 BB 750 810,000
Mexican States, United,
Global Med Term Note Ser A (Mexico) 6.375 01-16-2013 BBB- 765 793,688
Gas Utilities 0.21% 550,637
NorAm Energy Corp.,
Deb 6.500 02-01-2008 BBB 525 550,637
Health Care Facilities 0.38% 1,012,127
HCA, Inc.,
Note 8.750 09-01-2010 BB+ 900 1,012,127
Health Care Services 0.57% 1,491,286
Wellpoint, Inc.,
Note (S) 5.000 12-15-2014 BBB+ 1,520 1,491,286
Highways & Railtracks 0.76% 1,997,090
CSX Corp.,
Sr Note 4.875 11-01-2009 BBB 2,000 1,997,090
Hotels, Resorts & Cruise Lines 1.08% 2,834,699
Hyatt Equities LLC,
Note (S) 6.875 06-15-2007 BBB 1,060 1,094,774
Meditrust,
Note 7.000 08-15-2007 BB- 1,710 1,739,925
Industrial Conglomerates 0.23% 598,926
Vedanta Resources Plc,
Sr Note (United Kingdom) (S) 6.625 02-22-2010 BB 620 598,926
Industrial Machinery 1.10% 2,890,993
Kennametal, Inc.,
Sr Note 7.200 06-15-2012 BBB 1,405 1,552,559
Manitowoc Co., Inc., (The)
Sr Note 7.125 11-01-2013 B+ 500 515,000
Trinity Industries Leasing Co.,
Pass Thru Ctf (S) 7.755 02-15-2009 Ba1 780 823,434
Insurance Brokers 0.59% 1,554,070
Marsh & McLennan Cos., Inc.,
Sr Note (L) 5.375 03-15-2007 BBB 1,530 1,554,070
Integrated Oil & Gas 1.23% 3,226,961
Amerada Hess Corp.,
Note 7.125 03-15-2033 BBB- 510 567,129
Pemex Project Funding Master Trust,
Gtd Note (Mexico) 9.125 10-13-2010 BBB- 1,115 1,287,825
Petro-Canada,
Deb (Canada) 9.250 10-15-2021 BBB 1,000 1,372,007
Integrated Telecommunication Services 4.29% 11,284,205
AT&T Corp.,
Med Term Note 8.350 05-15-2025 BB+ 500 517,500
Sr Note 9.050 11-15-2011 BB+ 980 1,113,525
Bellsouth Corp.,
Bond 5.200 09-15-2014 A 350 346,237
Deb 6.300 12-15-2015 A 1,155 1,217,279
Deutsche Telekom International Finance B.V.,
Bond (Coupon rate step up/down on rating)
(Netherlands) 8.500 06-15-2010 BBB+ 1,005 1,155,830
Qwest Capital Funding, Inc.,
Gtd Note (L) 7.000 08-03-2009 B 1,000 937,500
SBC Communications, Inc.,
Note 5.100 09-15-2014 A 870 847,972
Sprint Capital Corp.,
Gtd Sr Bond 7.625 01-30-2011 BBB- 1,000 1,113,111
Note 6.875 11-15-2028 BBB- 820 877,885
Telecom Italia Capital,
Gtd Note (Luxembourg) (S) 4.950 09-30-2014 BBB+ 1,500 1,436,859
Telefonos de Mexico, S.A. de C.V.,
Note (Mexico) 4.500 11-19-2008 BBB- 1,750 1,720,507
Investment Banking & Brokerage 0.86% 2,263,826
Merrill Lynch & Co.,
Med Term Note Ser C 5.000 01-15-2015 A+ 1,500 1,453,650
Mizuho Financial Group Cayman Ltd.,
Gtd Note (Cayman Islands) 8.375 12-29-2049 A2 750 810,176
IT Consulting & Other Services 0.16% 419,750
NCR Corp.,
Note 7.125 06-15-2009 BBB- 390 419,750
Metal & Glass Containers 0.20% 528,750
Owens-Brockway Glass Container, Inc.,
Gtd Sr Note 8.250 05-15-2013 B 500 528,750
Multi-Line Insurance 0.44% 1,150,824
Assurant, Inc.,
Sr Note 6.750 02-15-2034 BBB+ 510 553,232
Massachusetts Mutual Life Insurance Co.,
Surplus Note (S) 7.625 11-15-2023 AA 485 597,592
Multi-Media 0.77% 2,028,805
News America Holdings, Inc.,
Gtd Sr Deb 8.250 08-10-2018 BBB- 540 652,331
Time Warner, Inc.,
Deb 9.125 01-15-2013 BBB+ 1,114 1,376,474
Multi-Utilities & Unregulated Power 1.23% 3,243,935
CalEnergy Co., Inc.,
Sr Bond 8.480 09-15-2028 BBB- 550 719,102
Duke Capital LLC,
Sr Note 8.000 10-01-2019 BBB- 470 557,592
Salton Sea Funding Corp.,
Sr Sec Note Ser C 7.840 05-30-2010 BB+ 1,841 1,967,241
Office Services & Supplies 1.19% 3,131,163
Office Depot, Inc.,
Sr Note 6.250 08-15-2013 BBB- 2,000 2,092,474
Steelcase, Inc.,
Sr Note 6.375 11-15-2006 BBB- 1,020 1,038,689
Oil & Gas Drilling 0.49% 1,291,037
Alberta Energy Co., Ltd.,
Note (Canada) 8.125 09-15-2030 A- 725 945,860
Delek & Avner-Yam Tethys,
Sr Sec Note (Israel) (S) 5.326 08-01-2013 BBB- 350 345,177
Oil & Gas Exploration & Production 1.17% 3,084,267
Occidental Petroleum Corp.,
Sr Deb 10.125 09-15-2009 BBB+ 1,160 1,386,003
TEPPCO Partners, L.P.,
Gtd Sr Note 7.625 02-15-2012 BBB 1,500 1,698,264
Oil & Gas Refining & Marketing & Trucking 0.38% 986,930
Enterprise Products Operations, L.P.,
Gtd Sr Note Ser B 5.600 10-15-2014 BB+ 1,000 986,930
Paper Packaging 0.51% 1,337,450
Stone Container Corp.,
Sr Note 9.750 02-01-2011 B 285 304,950
Sr Note 8.375 07-01-2012 B 1,000 1,032,500
Paper Products 1.07% 2,816,250
Abitibi-Consolidated Co.,
Gtd Sr Note (Canada) 6.950 12-15-2006 BB 2,000 2,010,000
MDP Acquisitions Plc,
Sr Note (Ireland) 9.625 10-01-2012 B 750 806,250
Pharmaceuticals 1.23% 3,238,082
Medco Health Solutions, Inc.,
Sr Note (L) 7.250 08-15-2013 BBB 1,550 1,713,303
Wyeth,
Note 5.500 03-15-2013 A 1,500 1,524,779
Property & Casualty Insurance 0.53% 1,396,794
Markel Corp.,
Sr Note 7.350 08-15-2034 BBB- 345 376,619
Ohio Casualty Corp.,
Note 7.300 06-15-2014 BB 750 801,644
URC Holdings Corp.,
Sr Note (S) 7.875 06-30-2006 AA- 210 218,531
Real Estate Investment Trusts 0.70% 1,845,370
Healthcare Realty Trust, Inc.,
Sr Note 8.125 05-01-2011 BBB- 175 200,560
iStar Financial, Inc.,
Sr Note 7.000 03-15-2008 BBB- 820 868,841
ProLogis Trust,
Sr Note 7.050 07-15-2006 BBB+ 510 527,844
Ventas Realty, L.P./Capital Corp.,
Sr Note 6.625 10-15-2014 BB 250 248,125
Real Estate Management & Development 0.54% 1,416,596
Post Apartment Homes,
Sr Note 5.125 10-12-2011 BBB 870 864,978
Socgen Real Estate Co., LLC,
Perpetual Bond Ser A (7.640% to 09-30-07 then
variable) (S) 7.640 12-29-2049 A 515 551,618
Regional Banks 1.68% 4,410,112
Colonial Capital II,
Gtd Cap Security Ser A 8.920 01-15-2027 BB 1,085 1,185,030
Crestar Capital Trust I,
Gtd Cap Security 8.160 12-15-2026 A- 910 987,509
First Chicago NDB Institutional Capital,
Gtd Capital Bond Ser A (S) 7.950 12-01-2026 A1 500 536,958
Greater Bay Bancorp,
Sr Note Ser B 5.250 03-31-2008 BBB- 565 571,198
NB Capital Trust IV,
Gtd Cap Security 8.250 04-15-2027 A- 1,020 1,129,417
Soft Drinks 0.41% 1,075,000
Panamerican Beverages, Inc.,
Sr Note (Panama) 7.250 07-01-2009 BBB 1,000 1,075,000
Specialized Finance 1.03% 2,696,851
Bosphorous Financial Services,
Sr Sec Floating Rate Note (S) 4.830 02-15-2012 Baa3 500 499,802
ESI Tractebel Acquistion Corp.,
Gtd Sec Bond Ser B 7.990 12-30-2011 BB 885 938,761
Humpuss Funding Corp.,
Gtd Note (S) 7.720 12-15-2009 B2 214 208,068
MBNA Master Credit Card Trust,
Sub Bond Ser 1998-E Class C (S) 6.600 09-15-2010 BBB 1,000 1,050,220
Telecommunication Services 0.61% 1,615,459
Telus Corp.,
Note (Canada) 8.000 06-01-2011 BBB 1,395 1,615,459
Telecommunications Equipment 0.85% 2,242,799
Corning, Inc.,
Med Term Note 8.300 04-04-2025 BB+ 1,150 1,201,544
France Telecom S.A.,
Note (France) 8.500 03-01-2011 BBB+ 910 1,041,255
Thrifts & Mortgage Finance 4.52% 11,874,572
Bear Stearns Alt-A Trust,
Collateralized Mtg Obligation Ser 2005-3 Class
B2 (M) 5.424 04-25-2035 AA+ 460 460,575
Bear Stearns Commericial Mortgage Securities, Inc.,
Commercial Sub Bond Ser 2004-ESA Class C (S) 4.937 05-14-2016 AA 1,000 1,000,236
Centex Home Equity Loan Trust,
Home Equity Ln Asset Backed Ctf Ser 2004-A
Class AF-4 4.510 08-25-2032 AAA 2,000 2,002,091
ContiMortgage Home Equity Loan Trust,
Pass Thru Ctf Ser 1995-2 Class A-5 8.100 08-15-2025 AAA 208 218,159
Countrywide Alternative Loan Trust,
Mtg Asset Backed Pass Thru Ctf Ser 2004-24CB
Class 1A1 6.000 11-25-2034 AAA 1,263 1,283,497
Credit-Based Asset Servicing and Securitization LLC,
Mtg Asset Backed Ctf Ser 2004-CB4 Class A3 4.632 05-25-2035 AAA 1,000 1,002,583
DLJ Mortgage Acceptance Corp.,
Commercial Mtg Pass Thru Ctf Ser 1996-CF1 Class
B1 (S) 8.359 03-13-2028 A 1,535 1,587,272
Global Signal Trust,
Sub Bond Ser 2004-1A Class D (S) 5.098 01-15-2034 BBB 2,000 1,962,427
Sub Bond Ser 2004-2A Class D (S) 5.093 12-15-2014 Baa2 405 393,736
Indymac Index Mortgage Loan Trust,
Asset Backed Ctf Ser 2004-AR13 Class B1 5.296 01-25-2035 AA 484 483,557
Washington Mutual,
Mtg Ln Pass Thru Ctf Ser 2005-AR4 Class B1 4.684 04-25-2035 AA 1,515 1,480,439
Utilities Other 0.72% 1,903,597
Kinder Morgan Energy Partners,
Sr Note 5.000 12-15-2013 BBB+ 1,405 1,368,199
Magellan Midstream Partners, L.P.,
Note 6.450 06-01-2014 BBB 500 535,398
Wireless Telecommunication Services 1.51% 3,968,025
America Movil S.A. de C.V.,
Sr Note (Mexico) 5.750 01-15-2015 BBB 1,275 1,232,355
AT&T Wireless Services, Inc.,
Sr Note 8.125 05-01-2012 A 1,525 1,781,545
Mobile Telesystems Finance S.A.,
Gtd Sr Note (Luxembourg) (L)(S) 9.750 01-30-2008 BB- 400 426,000
Nextel Communications, Inc.,
Sr Note 7.375 08-01-2015 BB 500 528,125
Credit
Issuer, description rating (A) Shares Value
---------------------------------------------------------------------------------------------------------------------------------
Preferred stocks 5.16% $13,569,501
(Cost $13,730,491)
Agricultural Products 0.39% 1,025,391
Ocean Spray Cranberries, Inc., 6.25%, Ser A (S) BB+ 12,500 1,025,391
Broadcasting & Cable TV 0.39% 1,015,600
Viacom, Inc., 7.25% A- 40,000 1,015,600
Diversified Banks 1.89% 4,962,060
Abbey National Plc, 7.375% (United Kingdom) A- 41,300 1,082,060
Bank One Capital Trust VI, 7.20% A- 55,000 1,424,500
Fleet Capital Trust VII, 7.20% A 55,000 1,413,500
USB Capital IV, 7.35% A- 40,000 1,042,000
Diversified Financial Services 0.39% 1,031,200
Citigroup Capital VII, 7.125% A 40,000 1,031,200
Electric Utilities 0.20% 536,400
Ameren Corp., 9.75%, Conv BBB+ 20,000 536,400
Gas Utilities 0.38% 1,011,800
KeySpan Corp., 8.75%, Conv A 20,000 1,011,800
Integrated Telecommunication Services 0.39% 1,023,200
Telephone & Data Systems, Inc., 7.60%, Ser A A- 40,000 1,023,200
Multi-Utilities & Unregulated Power 0.61% 1,604,800
DTE Energy Co., 8.75%, Conv BBB- 20,000 508,000
PSEG Funding Trust II, 8.75% BB+ 40,000 1,096,800
Real Estate Investment Trusts 0.52% 1,359,050
Apartment Investment & Management Co., 8.00%, Ser T B+ 55,000 1,359,050
Interest Maturity Credit Par value
Issuer, description rate (%) date rating (A) ($000) Value
---------------------------------------------------------------------------------------------------------------------------------
U.S. government and agencies securities 32.81% $86,252,084
(Cost $86,350,699)
Government U.S. 6.32% 16,624,818
United States Treasury,
Bond (L) 9.125 05-15-2018 AAA 495 707,212
Bond (L) 8.875 08-15-2017 AAA 1,215 1,689,278
Bond (L) 5.375 02-15-2031 AAA 1,575 1,716,566
Note (L) 6.250 02-15-2007 AAA 3,100 3,240,225
Note (L) 4.000 02-15-2015 AAA 9,650 9,271,537
Government U.S. Agency 26.49% 69,627,266
Federal Home Loan Bank,
Bond (N) 4.500 04-11-2008 AAA 3,000 2,993,568
Bond (N) 4.430 04-07-2008 AAA 2,550 2,550,061
Federal Home Loan Mortgage Corp.,
15 Yr Pass Thru Ctf 4.500 05-01-2019 AAA 1,891 1,853,804
15 Yr Pass Thru Ctf 4.500 08-01-2019 AAA 938 919,658
15 Yr Pass Thru Ctf 4.500 11-01-2019 AAA 1,166 1,143,100
20 Yr Pass Thru Ctf 11.250 01-01-2016 AAA 39 42,557
30 Yr Pass Thru Ctf 6.000 08-01-2034 AAA 16,506 16,901,936
30 Yr Pass Thru Ctf 5.500 04-01-2033 AAA 2,242 2,252,668
Federal National Mortgage Assn.,
15 Yr Pass Thru Ctf 7.500 02-01-2008 AAA 1 1,544
15 Yr Pass Thru Ctf 7.000 09-01-2010 AAA 48 50,962
15 Yr Pass Thru Ctf 7.000 09-01-2012 AAA 7 7,736
15 Yr Pass Thru Ctf 7.000 04-01-2017 AAA 67 71,267
15 Yr Pass Thru Ctf 5.000 08-01-2019 AAA 1,009 1,009,340
15 Yr Pass Thru Ctf 5.000 10-01-2019 AAA 3,788 3,788,677
15 Yr Pass Thru Ctf 4.500 10-01-2019 AAA 1,232 1,206,083
30 Yr Pass Thru Ctf 6.500 07-01-2034 AAA 1,864 1,936,151
30 Yr Pass Thru Ctf 6.500 11-01-2034 AAA 920 956,110
30 Yr Pass Thru Ctf 6.000 12-01-2033 AAA 5,946 6,079,388
30 Yr Pass Thru Ctf 6.000 01-01-2034 AAA 12,839 13,128,079
30 Yr Pass Thru Ctf 5.500 04-01-2033 AAA 1,120 1,127,696
30 Yr Pass Thru Ctf 5.500 05-01-2034 AAA 1,195 1,198,335
Bond (L) 3.875 02-01-2008 AAA 3,474 3,429,557
CMO REMIC 2003-17-QT 5.000 08-25-2027 AAA 1,675 1,673,063
Note 4.500 04-01-2008 AAA 2,465 2,462,096
Financing Corp.,
Bond 9.400 02-08-2018 AAA 2,000 2,815,698
Government National Mortgage Assn.,
30 Yr Pass Thru Ctf 10.000 11-15-2020 AAA 6 7,843
30 Yr Pass Thru Ctf 9.500 11-15-2019 AAA 0 500
30 Yr Pass Thru Ctf 9.500 01-15-2021 AAA 4 5,107
30 Yr Pass Thru Ctf 9.500 02-15-2025 AAA 13 14,682
Interest Credit Par value
Issuer, description, maturity date rate (%) rating (A) ($000) Value
---------------------------------------------------------------------------------------------------------------------------------
Short-term investments 3.86% $10,160,000
(Cost $10,160,000)
Government U.S. Agency 3.84% 10,100,000
Federal Home Loan Bank,
Discount Note 04-01-05 Zero AAA 10,100 10,100,000
Joint Repurchase Agreement 0.02% 60,000
Investment in a joint repurchase agreement transaction
with Morgan Stanley - Dated 3-31-05 due 4-1-05 (secured
by U.S. Treasury Inflation Indexed Bond 3.875% due
4-15-29) 2.660 60 60,000
Total investments 100.00% $262,915,790
John Hancock
Income Securities Trust
Financial futures contracts
March 31, 2005 (unaudited)
Number of Appreciation
Open contracts contracts Position Expiration (depreciation)
----------------------------------------------------------------------------------------------------------
U.S. 10-Year Treasury Note 755 Short June 05 $1,391,467
John Hancock
Income Securities Trust
Footnotes to Schedule of Investments
March 31, 2005 (unaudited)
(A) Credit ratings are unaudited and are rated by Moody's Investors
Service where Standard & Poor's ratings are not available unless
indicated otherwise.
(B) This security is fair valued in good faith under procedures
established by the Board of Trustees.
(G) Security rated internally by John Hancock Advisers, LLC.
(H) Non-income-producing issuer filed for protection under the Federal
Bankruptcy Code or is in default of interest payment.
(L) All or a portion of this security is on loan as of March 31, 2005.
(M) A portion of this security having an aggregate value of $460,575,
or 0.18% of the Fund's total investments, has been purchased as a
forward commitment--that is, the Fund has agreed on trade date to take
delivery of and to make payment for this security on a delayed basis
subsequent to the date of this schedule. The purchase price and
interest rate of this security is fixed at trade date, although the
Fund does not earn any interest on these until settlement date. The
fund has segregated assets with a current value at least equal to the
amount of the forward commitments. Accordingly, the market value of
$480,536 of Federal National Mortgage Assn., 6.000%, 01-01-34 has been
segregated to cover the forward commitment.
(N) These securities having an aggregate value of $5,543,629 or 2.11%
of the Fund's total investments, have been purchased on a when-issued
basis. The purchase price and the interest rate of such securities are
fixed at trade date, although the Fund does not earn any interest on
such securities until settlement date. The Fund has instructed its
custodian bank to segregate assets with a current value at least equal
to the amount of its when-issued commitments. Accordingly, the market
value of $5,684,639 of Federal National Mortgage Assn., 6.000%,
01-01-34 has been segregated to cover the when-issued commitments.
(O) Cash interest will be paid on this obligation at the stated rate
beginning on the stated 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 $29,453,139 or 11.20%
of the Fund's total investments as of March 31, 2005.
The percentage shown for each investment category is the total value
of that category as a percentage of the total investments of the Fund.
The cost of investments owned on March 31, 2005, including short-term
investments, was $263,191,039. Gross unrealized appreciation and
depreciation of investments aggregated $4,589,862 and $4,865,111,
respectively, resulting in net unrealized depreciation of $275,249.
For more information
Trustees
Charles L. Ladner, Chairman*
James F. Carlin
Richard P. Chapman, Jr.*
William H. Cunningham
Ronald R. Dion
Dr. John A. Moore*
Patti McGill Peterson*
Steven R. Pruchansky
James A. Shepherdson
Lt. Gen. Norman H. Smith, USMC (Ret.)
*Members of the Audit Committee
Officers
James A. Shepherdson
President and Chief Executive Officer
William H. King
Vice President and Treasurer
Investment Adviser
John Hancock Advisers, LLC
101 Huntington Avenue
Boston, Massachusetts 02199-7603
Custodian
The Bank of New York
One Wall Street
New York, New York 10286
Transfer Agent and Registrar
Mellon Investor Services
85 Challenger Road
Overpeck Centre
Ridgefield Park, New Jersey 07660
Transfer Agent for APS
Deutsche Bank Trust Company Americas
280 Park Avenue
New York, New York 10017
Legal Counsel
Wilmer Cutler Pickering Hale and Dorr LLP
60 State Street
Boston, Massachusetts 02109-1803
Stock Symbol
Listed New York Stock Exchange: JHS
How to contact us
Internet www.jhfunds.com
Mail Regular mail:
Mellon Investor Services
85 Challenger Road
Overpeck Centre
Ridgefield Park, NJ 07660
Phone Customer service representatives 1-800-852-0218
Portfolio commentary 1-800-344-7054
24-hour automated information 1-800-843-0090
TDD line 1-800-231-5469
This report is for the information of the shareholders
of John Hancock Income Securities Trust.
P60Q1 3/05
5/05
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:
------------------------------
James A. Shepherdson
President and Chief Executive Officer
Date: May 25, 2005
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:
------------------------------
James A. Shepherdson
President and Chief Executive Officer
Date: May 25, 2005
By:
------------------------------
William H. King
Vice President and Treasurer
Date: May 25, 2005