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 811-6107
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)
Susan S. Newton, Secretary
101 Huntington Avenue
Boston, Massachusetts 02199
(Name and address of agent for service)
Registrant's telephone number, including area code: 617-375-1702
Date of fiscal year end: June 30
Date of reporting period: September 30, 2004
ITEM 1. SCHEDULE OF INVESTMENTS
JOHN HANCOCK
Patriot Select Dividend Trust
9.30.2004
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
September 30, 2004 (unaudited)
Issuer Shares Value
Common stocks 51.35% $72,199,988
(Cost $77,363,658)
Electric Utilities 44.01% 61,880,434
Alliant Energy Corp. 158,000 3,931,040
Ameren Corp. 85,400 3,941,210
Aquila, Inc. (I) 190,000 592,800
CH Energy Group, Inc. 141,550 6,482,990
Cinergy Corp. 16,000 633,600
Consolidated Edison, Inc. 45,000 1,891,800
Dominion Resources, Inc. 46,000 3,001,500
DTE Energy Co. 155,900 6,577,421
Duke Energy Corp. 70,000 1,602,300
Energy East Corp. 242,000 6,093,560
Great Plains Energy, Inc. 25,000 728,750
NiSource, Inc. 97,850 2,055,829
NSTAR 94,000 4,615,400
OGE Energy Corp. 96,092 2,424,401
Progress Energy, Inc. 64,000 2,709,760
Progress Energy, Inc.(Contingent Value Obligation) (B)(I) 20,000 3,200
Public Service Enterprise Group, Inc. 16,000 681,600
Puget Energy, Inc. 170,500 3,870,350
Sierra Pacific Resources (I) 271,500 2,429,925
TECO Energy, Inc. 176,750 2,391,428
WPS Resources Corp. 51,000 2,294,490
Xcel Energy, Inc. 169,000 2,927,080
Gas Utilities 7.34% 10,319,554
KeySpan Corp. 161,850 6,344,520
National Fuel Gas Co. 52,150 1,477,410
Peoples Energy Corp. 41,800 1,742,224
Vectren Corp. 30,000 755,400
Credit
Issuer, description rating (A) Shares Value
Preferred stocks 93.68% $131,737,068
(Cost $132,129,321)
Agricultural Products 2.13% 3,000,000
Ocean Spray Cranberries, Inc., 6.25%, Ser A (S) BB+ 40,000 3,000,000
Broadcasting & Cable TV 1.26% 1,773,075
Shaw Communications, Inc., 8.45%, Ser A (Canada) B+ 45,500 1,144,325
Shaw Communications, Inc., 8.50% (Canada) B+ 25,000 628,750
Consumer Finance 3.74% 5,267,000
SLM Corp., 6.97%, Ser A BBB+ 92,000 5,267,000
Diversified Banks 3.75% 5,267,790
Bank of America Corp., 6.75%,, Depositary Shares, Ser VI A- 99,000 5,267,790
Electric Utilities 39.79% 55,953,842
Alabama Power Co., 5.20% BBB+ 225,000 5,512,500
Baltimore Gas & Electric Co., 6.99%, Ser 1995 Baa1 40,000 4,213,752
BGE Capital Trust II, 6.20% A3 190,000 4,769,000
Boston Edison Co., 4.25% BBB+ 59,107 4,610,346
Duquesne Light Co., 6.50% BB+ 32,000 1,648,000
Energy East Capital Trust I, 8.25% BBB- 147,000 3,923,430
Entergy Gulf States Capital I, 8.75%, Ser A BB 87,100 2,221,921
Interstate Power & Light Co., 8.375%, Ser B BBB- 32,000 1,020,800
Monongahela Power Co., $7.73,Ser L CCC+ 50,000 4,762,500
Northern Indiana Public Service Co., 4.22% BB+ 11,251 833,629
PSEG Funding Trust II, 8.75% BB+ 30,000 826,800
PSI Energy, Inc., 6.875% BBB- 48,000 5,040,000
Public Service Electric & Gas Co., 6.92% BB+ 30,627 3,180,424
Sierra Pacific Power Co., 7.80%, Ser 1 (Class A) CCC+ 205,600 4,728,800
South Carolina Electric & Gas Co., 6.52% Baa1 55,000 5,793,909
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 7,000 734,125
Gas Utilities 9.60% 13,506,259
El Paso Tennessee Pipeline Co., 8.25%, Ser A CCC- 183,500 8,360,719
Southern Union Co., 7.55% BB+ 191,000 5,145,540
Integrated Oil & Gas 1.34% 1,879,200
Coastal Finance I, 8.375% CCC- 78,300 1,879,200
Investment Banking & Brokerage 16.63% 23,387,085
Bear Stearns Cos., Inc.(The), 5.49%, Ser G BBB 116,400 5,878,200
Bear Stearns Cos., Inc.(The), 6.15%, Ser E BBB 23,000 1,196,000
Citigroup, Inc., 6.213%, Ser G A 44,000 2,340,800
Citigroup, Inc., 6.231%, Depositary Shares, Ser H A 92,400 5,077,380
Lehman Brothers Holdings, Inc., 5.67%, Depositary Shares, Ser D BBB+ 125,600 6,254,880
Lehman Brothers Holdings, Inc., 5.94%, Ser C BBB+ 13,000 659,750
Merril Lynch & Co., Inc, 9.00%, Depositary Shares, Ser A A- 77,650 1,980,075
Oil & Gas Exploration & Production 11.43% 16,066,817
Anadarko Petroleum Corp., 5.46%, Depositary Shares BBB- 48,200 4,779,030
Apache Corp., 5.68%, Depositary Shares, Ser B BBB 48,174 4,886,650
Devon Energy Corp., 6.49%, Ser A BBB- 53,500 5,597,437
Nexen, Inc., 7.35% (Canada) BBB- 30,000 803,700
Regional Banks 3.94% 5,535,000
HSBC USA, Inc., $2.8575 A1 108,000 5,535,000
Telecommunication Services 0.07% 101,000
Touch America Holdings, Inc., $6.875 BBB- 50,500 101,000
Interest Par value
Issuer, maturity date rate (%) ($000) Value
Short-term investments 4.42% $6,214,000
(Cost $6,214,000)
Commercial Paper 4.42% 6,214,000
ChevronTexaco Corp, Due 10-01-04 1.700 6,214 6,214,000
Total investments 149.45% $210,151,056
Other assets and liabilities, net (49.45%) ($69,532,535)
Total net assets 100.00% $140,618,521
(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.
(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 $3,000,000 or 2.13% of
net assets as of September 30, 2004.
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 net assets of the Fund.
The cost of investments owned on September 30, 2004, including
short-term investments, was $215,706,979.
Gross unrealized appreciation and depreciation of investments
aggregated $12,396,958 and ($17,952,882), respectively, resulting in
net unrealized depreciation of ($5,555,924).
For more information
Trustees
Charles L. Ladner, Chairman*
James F. Carlin
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.)
John P. Toolan*
*Members of the Audit Committee
Officers
James A. Shepherdson
President and Chief Executive Officer
Susan S. Newton
Senior Vice President and Secretary
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 the John Hancock Patriot Select Dividend Trust.
P30Q1 9/04
11/04
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: November 23, 2004
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: November 23, 2004
By:
------------------------------
William H. King
Vice President and Treasurer
Date: November 23, 2004