JH Preferred Income III:HPS


    As of 2/9/2016

    52 Wk Avg$17.48$19.07-8.33%
    52 Wk High$18.71$19.65-1.90%
    52 Wk Low$16.05$17.93-12.63%
    Regular Distribution TypeIncome Only
    Distribution Rate8.34%
    Distribution Amount$0.1222
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund seeks high current income and capital preservation through investment in preferred securities including convertible preferred securities

    Capital Structure

    As of 2/9/2016

    Total Net Assets:$877.016M
    Total Common Assets:$567.517M
    Common Shares Outstanding:31,563,738

    As of 7/31/2015

    Preferred Share Assets:
    Type of Preferred:
    Total Debt (USD): $310.000M
    Structural Leverage (USD): $310.000M
    Structural Leverage (%): 33.99%
    Effective Leverage (USD): $310.000M
    Effective Leverage (%): 33.99%
    Preferred Share Rates
    Date Symbol Series Rate Shares
    Annual Expense Ratios

    As of 7/31/2015

      Per Common Share
    Management Fees1.14%
    Other Expenses:0.09%
    Baseline Expense: 1.22%
    Interest Expense:0.45%
    Total: 1.67%

    Fund Management

    Fund Sponsor
    John Hancock Advisers LLC

    Portfolio Managers
    Joseph H. Bozoyan (01 Jun 2015) / Gregory K Phelps (19 Jun 2003)

    Category:Taxable Income-Preferreds
    NAV Ticker:XHPSX
    Average Daily Volume (shares):69,000
    Average Daily Volume (USD):$1.195M
    Inception Date:6/18/2003
    Inception Share Price:$25.00
    Inception NAV:$23.88
    Tender Offer:No
    Fiscal Year End:July 31
    Third Party Links & Reports


    As of 2/9/2016

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 10/31/2015
    Annualized Distribution Rate on NAV:
    As of 2/9/2016
    Total Return on NAV (12 months):
    As of 2/9/2016
    Avg. UNII Per Share:
    As of 7/31/2015
    Total % Portfolio Effectively Leveraged:
    As of 2/9/2016

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 2/9/2016

    PeriodAvg Discount
    6 Month-9.48%
    1 Year-8.33%
    3 Year-5.61%
    5 Year-3.70%

    As of 2/10/2016

    3 Month2.40
    6 Month3.20
    1 Year2.50
    Pricing History
    Date NAV Premium / Discount


    Calendar Year Total Returns

    As of 2/9/2016
    Category: Preferreds Leveraged

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 2/9/2016
    Category: Preferreds Leveraged

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 11/30/2015
    Annual Portfolio Turnover:
    As of 7/31/2015
    Asset Allocation

    As of 10/30/2015 reported by Fund Sponsor

    Top Sectors

    As of 11/30/2015 reported by Fund Sponsor

    Financials 59.81%
    Utilities 24.00%
    Telecommunication Service8.70%
    Energy 3.74%
    Industrials 1.49%
    Consumer Staples 1.32%
    Top Holdings

    As of 11/30/2015 reported by Fund Sponsor

    HoldingValue% Portfolio
    Sl4f32g0 Irs Usd R V 03mlibor Us0003m 0.46 12 Jul 2017$72.00M7.86%
    Sl402dwk Irs Usd R V 03mlibor 0.27 09 Aug 2016$71.56M7.81%
    Ppl Cap Fdg Pfd 30 Apr 2073$28.83M3.15%
    Jpmorgan Chase Pfd$26.34M2.88%
    Us Bancorp Del Pfd 6.50$25.79M2.82%
    Kimco Rlty Pfd$24.75M2.70%
    Duke Engy Corp New Pfd 5.13 15 Jan 2073$24.38M2.66%
    Royal Bank of Scotland Group PLC America$22.43M2.45%
    Morgan Stanley Cap Tr Iv Pfd 6.25 01 Apr 2033$21.88M2.39%
    Senior Hsg Pptys Tr Pfd 5.63 01 Aug 2042$21.53M2.35%
    State Str Pfd$20.84M2.28%
    Credit Quality

    As of 9/30/2015 reported by Fund Sponsor

    Country Allocation

    As of 10/30/2015 reported by Fund Sponsor

    Country% Portfolio
    Global 100.00%

    CEFConnect.com makes data for the universe of closed-end funds available as a courtesy to its users. This material is not intended to be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. This site does not list all the risks associated with each fund. Investors should contact a fund’s sponsor for fund-specific risk information and/or contact a financial advisor before investing.


    Distribution type sourced from Morningstar. CEFConnect.com does not undertake to disclose specific information about closed-end fund distribution sources. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

    Data provided by MorningstarData Provided by Morningstar