JH Preferred Income III:HPS


    As of 3/29/2017

    52 Wk Avg$18.75$19.31-2.92%
    52 Wk High$20.24$20.251.20%
    52 Wk Low$16.38$17.97-9.29%
    Regular Distribution TypeIncome Only
    Distribution Rate8.00%
    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 3/29/2017

    Total Net Assets:$910.973M
    Total Common Assets:$601.857M
    Common Shares Outstanding:31,576,985

    As of 1/31/2017

    Preferred Share Assets:
    Type of Preferred:
    Total Debt (USD): $310.000M
    Structural Leverage (USD): $310.000M
    Structural Leverage (%): 34.14%
    Effective Leverage (USD): $310.000M
    Effective Leverage (%): 34.14%
    Annual Expense Ratios

    As of 7/31/2016

      Per Common Share
    Management Fees1.13%
    Other Expenses:0.10%
    Baseline Expense: 1.23%
    Interest Expense:0.55%
    Total: 1.78%

    Fund Management

    Fund Sponsor
    John Hancock Advisers LLC

    Portfolio Managers
    Joseph H. Bozoyan (01 Jun 2015) / Brad Lutz (15 Feb 2017) / Gregory K Phelps (19 Jun 2003)

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


    As of 3/29/2017

    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 1/31/2017
    Annualized Distribution Rate on NAV:
    As of 3/29/2017
    Total Return on NAV (12 months):
    As of 3/29/2017
    Avg. UNII Per Share:
    As of 1/31/2017
    Total % Portfolio Effectively Leveraged:
    As of 3/29/2017

    Pricing Information

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

    As of 3/29/2017

    PeriodAvg Discount
    6 Month-4.79%
    1 Year-2.92%
    3 Year-5.61%
    5 Year-3.62%

    As of 3/29/2017

    3 Month-0.40
    6 Month0.60
    1 Year-0.40
    Pricing History
    Date NAV Premium / Discount


    Calendar Year Total Returns

    As of 3/29/2017
    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 3/29/2017
    Category: Preferreds Leveraged

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 1/31/2017
    Annual Portfolio Turnover:
    As of 7/31/2016
    Asset Allocation

    As of 1/31/2017 reported by Fund Sponsor

    Top Sectors

    As of 1/31/2017 reported by Fund Sponsor

    Debt - Pref Shrs 91.20%
    General Equity 6.36%
    Debt - Corp Long 1.92%
    Debt - Short 0.38%
    Net Current Assets 0.14%
    Top Holdings

    As of 1/31/2017 reported by Fund Sponsor

    HoldingValue% Portfolio
    Sl4f32g0 Irs Usd R V 03mlibor Us0003m 1.02 12 Jul 2017$72.00M7.94%
    Kinder Morgan Inc Del Pfd$39.41M4.35%
    Dominion Res Inc Va New 15 Aug 2019$37.87M4.18%
    Great Plains Engy Pfd$36.37M4.01%
    Ppl Cap Fdg Pfd 30 Apr 2073$28.63M3.16%
    Teva Pharmaceutical Indu Preferred Stock$27.59M3.04%
    Jpmorgan Chase Pfd$26.80M2.96%
    Us Bancorp Del Pfd 6.50$25.97M2.87%
    Royal Dutch Shell PLC ADR A$25.67M2.83%
    Kimco Rlty Pfd$24.04M2.65%
    Duke Engy Corp New Pfd 5.13 15 Jan 2073$24.02M2.65%
    Credit Quality

    As of 6/30/2016 reported by Fund Sponsor

    Country Allocation

    As of 1/31/2017 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 Morningstar
    Interactive Charts by Morningstar
    View Morningstar Notice and Disclaimer