N-CSRS

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM

N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number

811-04173

JOHN HANCOCK INVESTORS TRUST

(Exact name of registrant as specified in charter)

200 BERKELEY STREET, BOSTON, MA 02116

(Address of principal executive offices) (Zip code)

SALVATORE SCHIAVONE

TREASURER

200 BERKELEY STREET

BOSTON, MA 02116

(Name and address of agent for service)

Registrant's telephone number, including area code:

(617)

543-9634

Date of fiscal year end:

October 31

Date of reporting period:

April 30, 2026

ITEM 1. REPORT TO STOCKHOLDERS.

Semiannual report

John Hancock

Investors Trust

Closed-end fixed income

Ticker: JHI

April 30, 2026

John Hancock

Investors Trust

Table of contents

2	Your fund at a glance
3	Portfolio summary
4	Fund’s investments
22	Financial statements
26	Financial highlights
27	Notes to financial statements
38	Investment objective, principal investment strategies, and principal risks
41	Additional information
42	Shareholder meeting
43	More information

JOHN HANCOCK INVESTORS TRUST

SEMIANNUAL REPORT

Table of Contents

Your fund at a glance

INVESTMENT OBJECTIVE

The fund seeks to generate income for distribution to its shareholders, with capital appreciation as a secondary objective.

AVERAGE ANNUAL TOTAL RETURNS AS OF 4/30/2026 (%)

The Bloomberg U.S. Aggregate Bond Index tracks the performance of U.S. investment-grade bonds in government, asset-backed, and corporate debt markets. The fund changed its index from Bloomberg U.S. Government/Credit Index to Bloomberg U.S. Aggregate Bond Index to align with index changes across the fund complex.

It is not possible to invest directly in an index. Index figures do not reflect expenses, which would result in lower returns.

The performance data contained within this material represents past performance, which does not guarantee future results.

Investment returns and principal value will fluctuate and a shareholder may sustain losses. Further, the fund’s performance at net asset value (NAV) is different from the fund’s performance at closing market price because the closing market price is subject to the dynamics of secondary market trading. Market risk may increase when shares are purchased at a premium to NAV or sold at a discount to NAV. Current month-end performance may be higher or lower than the performance cited. The fund’s most recent performance can be found at jhinvestments.com or by calling 800-852-0218.

SEMIANNUAL REPORT

JOHN HANCOCK INVESTORS TRUST

Table of Contents

Portfolio summary

PORTFOLIO COMPOSITION AS OF 4/30/2026 (% of total investments)

QUALITY COMPOSITION AS OF 4/30/2026 (% of total investments)

Ratings are from Moody’s Investors Service, Inc. If not available, we have used S&P Global Ratings. In the absence of ratings from these agencies, we have used Fitch Ratings, Inc. “Not rated” securities are those with no ratings available from these agencies. All ratings are as of 4-30-26 and do not reflect subsequent downgrades or upgrades, if any.

COUNTRY COMPOSITION AS OF 4/30/2026 (% of total investments)
United States	79.3
Canada	8.0
United Kingdom	3.3
Luxembourg	2.8
Japan	1.6
Israel	1.0
Other countries	4.0
TOTAL	100.0

JOHN HANCOCK INVESTORS TRUST

SEMIANNUAL REPORT

Table of Contents

Fund’s investments

AS OF 4-30-26 (unaudited)

	Rate (%)	Maturity date	Par value^	Value
U.S. Government and Agency obligations 10.1% (6.0% of Total investments)				$12,959,197
(Cost $12,802,563)
U.S. Government Agency 10.1%				12,959,197
Federal National Mortgage Association
30 Yr Pass Thru	5.500	07-01-55	4,785,344	4,832,661
30 Yr Pass Thru (A)	6.000	07-01-55	4,024,842	4,144,201

30 Yr Pass Thru	6.000	07-01-55	3,867,638	3,982,335
Corporate bonds 136.6% (81.0% of Total investments)				$174,513,402
(Cost $177,001,935)
Communication services 23.0%				29,357,425
Diversified telecommunication services 6.1%
APLD ComputeCo 2 LLC (B)	6.750	03-15-31	217,000	214,842
Cipher Compute LLC (B)	7.125	11-15-30	149,000	154,440
Connect Finco Sarl (A)(B)	9.000	09-15-29	245,000	258,398
Connect Holding II LLC (B)	10.500	04-03-31	104,000	105,979
Edged Compute LLC (B)	7.500	04-30-31	503,000	493,199
FiberCop SpA (B)	6.375	11-15-33	70,000	69,913
FiberCop SpA (B)	7.200	07-18-36	70,000	69,825
Iliad Holding SAS (A)(B)	7.000	04-15-32	246,000	249,752
Level 3 Financing, Inc. (A)(B)	3.750	07-15-29	69,000	64,748
Level 3 Financing, Inc. (A)(B)	6.875	06-30-33	1,273,000	1,313,777
Level 3 Financing, Inc. (A)(B)	7.000	03-31-34	829,000	859,861
Level 3 Financing, Inc. (A)(B)	8.500	01-15-36	182,000	194,924
Meridian Arc Holdco LLC (B)	6.250	04-30-31	991,000	990,774
PR RNO Property Owner 1 LLC (B)	6.500	05-01-31	639,000	633,386
Sable International Finance, Ltd. (B)	7.125	10-15-32	393,000	392,138
SE Cosmos LLC (B)