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 811-06107
John Hancock Patriot Select Dividend 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: June 30
Date of reporting period: March 31, 2005
ITEM 1. SCHEDULE OF INVESTMENTS
JOHN HANCOCK
Patriot Select Dividend 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
Patriot Select Dividend Trust
Securities owned by the Fund on
March 31, 2005 (unaudited)
Issuer Shares Value
---------------------------------------------------------------------------------------------------------------------------------
Common stocks 36.01% $77,529,451
(Cost $78,208,582)
Electric Utilities 23.71% 51,046,820
Alliant Energy Corp. 158,000 4,231,240
Ameren Corp. 85,400 4,185,454
CH Energy Group, Inc. 141,550 6,468,835
Cinergy Corp. 16,000 648,320
Consolidated Edison, Inc. 45,000 1,898,100
DTE Energy Co. 155,900 7,090,332
Great Plains Energy, Inc. 35,750 1,093,235
NSTAR 94,000 5,104,200
OGE Energy Corp. 96,092 2,589,679
Progress Energy, Inc. 64,000 2,684,800
Progress Energy, Inc., (Contingent Value Obligation) (B)(I) 20,000 2,400
Puget Energy, Inc. 170,500 3,757,820
Sierra Pacific Resources (I) 271,500 2,918,625
TECO Energy, Inc. 176,750 2,771,440
WPS Resources Corp. 51,000 2,698,920
Xcel Energy, Inc. 169,000 2,903,420
Gas Utilities 5.84% 12,579,721
KeySpan Corp. 161,850 6,307,294
National Fuel Gas Co. 52,150 1,490,969
NiSource, Inc. 97,850 2,230,002
Peoples Energy Corp. 41,800 1,752,256
Vectren Corp. 30,000 799,200
Integrated Telecommunication Services 0.61% 1,302,950
SBC Communications, Inc. 55,000 1,302,950
Multi-Utilities & Unregulated Power 5.85% 12,599,960
Dominion Resources, Inc. 46,000 3,423,780
Duke Energy Corp. 70,000 1,960,700
Energy East Corp. 242,000 6,345,240
Public Service Enterprise Group, Inc. 16,000 870,240
Credit
Issuer, description rating (A) Shares Value
---------------------------------------------------------------------------------------------------------------------------------
Preferred stocks 60.88% $131,071,415
(Cost $129,260,146)
Agricultural Products 1.52% 3,281,252
Ocean Spray Cranberries, Inc., 6.25%, Ser A (S) BB+ 40,000 3,281,252
Broadcasting & Cable TV 0.29% 628,250
Shaw Communications, Inc., 8.50% (Canada) B+ 25,000 628,250
Consumer Finance 2.34% 5,037,000
SLM Corp., 6.97%, Ser A BBB+ 92,000 5,037,000
Diversified Banks 2.56% 5,509,350
Bank of America Corp., 6.75%, Depositary Shares, Ser VI A 99,000 5,509,350
Diversified Financial Services 3.28% 7,069,700
Citigroup, Inc., 6.213%, Depositary Shares, Ser G A 44,000 2,288,000
Citigroup, Inc., 6.231%, Depositary Shares, Ser H A 92,400 4,781,700
Electric Utilities 15.13% 32,573,471
Alabama Power Co., 5.20% BBB+ 225,000 5,575,500
Boston Edison Co., 4.25% BBB+ 64,157 5,296,962
Duquesne Light Co., 6.50% BB+ 34,000 1,833,620
Interstate Power & Light Co., 8.375%, Ser B BBB- 32,000 1,088,000
Monongahela Power Co., $7.73, Ser L B- 50,000 4,975,000
Northern Indiana Public Service Co., 4.22% BB+ 11,526 874,176
PSI Energy, Inc., 6.875% BBB- 48,000 4,922,400
Sierra Pacific Power Co., 7.80%, Ser 1 (Class A) CCC+ 205,600 5,140,000
Virginia Electric & Power Co., $6.98 BBB- 10,500 1,092,656
Virginia Electric & Power Co., $7.05 BBB- 10,000 1,041,250
Wisconsin Public Service Corp., 6.76% A 7,000 733,907
Gas Utilities 6.92% 14,889,607
El Paso Tennessee Pipeline Co., 8.25%, Ser A CCC- 183,500 9,272,494
Southern Union Co., 7.55% BB+ 210,300 5,617,113
Integrated Oil & Gas 0.90% 1,931,661
Coastal Finance I, 8.375% CCC- 78,300 1,931,661
Integrated Telecommunication Services 0.20% 426,875
Telephone & Data Systems, Inc., 6.625% A- 15,000 376,875
Touch America Holdings, Inc., $6.875 (H) D 50,000 50,000
Investment Banking & Brokerage 7.10% 15,287,320
Bear Stearns Cos., Inc. (The), 5.49%, Depositary Shares, Ser G BBB 141,400 7,147,770
Bear Stearns Cos., Inc. (The), 6.15%, Depositary Shares, Ser E BBB 23,000 1,186,800
Lehman Brothers Holdings, Inc., 5.67%, Depositary Shares, Ser D BBB+ 125,600 6,280,000
Lehman Brothers Holdings, Inc., 5.94%, Depositary Shares, Ser C BBB+ 13,000 672,750
Multi-Utilities & Unregulated Power 10.50% 22,615,717
Baltimore Gas & Electric Co., 6.99%, Ser 1995 Baa1 40,000 4,168,752
BGE Capital Trust II, 6.20% BBB- 190,000 4,873,500
Energy East Capital Trust I, 8.25% BBB- 147,000 3,851,400
PSEG Funding Trust II, 8.75% BB+ 30,000 822,600
Public Service Electric & Gas Co., 6.92% BB+ 30,627 3,179,465
South Carolina Electric & Gas Co., 6.52% Baa1 55,000 5,720,000
Oil & Gas Exploration & Production 7.53% 16,206,292
Anadarko Petroleum Corp., 5.46%, Depositary Shares, Ser B BBB- 48,200 4,711,550
Apache Corp., 5.68%, Depositary Shares, Ser B BBB 48,174 4,958,911
Devon Energy Corp., 6.49%, Ser A BB+ 53,500 5,562,331
Nexen, Inc., 7.35% (Canada) BB+ 37,500 973,500
Regional Banks 2.61% 5,614,920
HSBC USA, Inc., $2.8575 A2 108,000 5,614,920
Interest Par value
Issuer, description, maturity date rate (%) ($000) Value
---------------------------------------------------------------------------------------------------------------------------------
Short-term investments 3.11% $6,688,000
(Cost $6,688,000)
Commercial Paper 3.11% 6,688,000
ChevronTexaco Corp., Due 4-1-05 2.700 6,688 6,688,000
Total investments 100.00% $215,288,866
John Hancock
Patriot Select Dividend 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.
(B) This security is fair valued in good faith under procedures
established by the Board of Trustees.
(H) Non-income-producing issuer filed for protection under the Federal
Bankruptcy Code or is in default of interest payment.
(I) Non-income-producing security.
(S) This security is exempt from registration under rule 144A of the
Securities Act of 1933. Such security may be resold, normally to
qualified institutional buyers, in transactions exempt from
registration. Rule 144A securities amounted to $3,281,252 or 1.52% of
the Fund's total investments as of March 31, 2005.
Parenthetical disclosure of a foreign country in the security
description represents country of a foreign issuer.
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 $214,156,728. Gross unrealized appreciation and
depreciation of investments aggregated $12,721,044 and $11,588,906,
respectively, resulting in net unrealized appreciation of $1,132,138.
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 for
Common Shareholders
Mellon Investor Services
85 Challenger Road
Overpeck Centre
Ridgefield Park, New Jersey 07660
Transfer Agent for AMPS
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: DIV
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 Patriot Select Dividend Trust.
P30Q3 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 Patriot Select Dividend 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