JHancock Preferred Income:HPI

    Manage Alerts

    Overview

    As of 6/7/2023

     Share
    Price
    NAVPremium/
    Discount
    Current$14.99$14.970.13%
    52 Wk Avg$16.51$16.211.85%
    52 Wk High$19.23$18.488.27%
    52 Wk Low$14.02$13.96-4.28%
    Regular Distribution TypeIncome Only
    Distribution RateN/A
    Distribution Amount 
    Distribution Frequency 
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The fund invests at least 80% of its assets (net assets plus borrowings for investment purposes) in preferred stocks and other preferred securities, including convertible preferred securities. The fund will invest at least 50% of its total assets in preferred securities and other fixed-income securities that are rated investment grade. The fund may invest up to 50% of its total assets in preferred securities and other fixed income securities rated below investment grade.

    Capital Structure

    As of 6/7/2023

    Total Investment Exposure:$652.753M
    Total Common Assets:$395.653M
    Common Shares Outstanding:26,429,752
    Leverage

    As of 6/7/2023

    Preferred Share Assets:
    Total Debt (USD): $257.100M
    Regulatory Leverage (USD): $257.100M
    Effective Leverage (USD): $257.100M
    Effective Leverage (%): 39.39%
    Annual Expense Ratios

    As of 7/31/2022

      Per Common Share
    Management Fees1.12%
    Other Expenses:0.07%
    Baseline Expense: N/A
    Interest Expense:0.62%
    Total: 1.81%
    Fund Management

    Fund Sponsor
    John Hancock

    Portfolio Managers
    Caryn E. Rothman, James Gearhart, Jonas Grazulis, Joseph H. Bozoyan

    Basics
    Category: Fixed Income - Taxable-Preferreds
    Ticker: HPI
    NAV Ticker: XHPIX
    Average Daily Volume (shares): 56,690
    Average Daily Volume (USD): $0.925M
    Inception Date: 8/27/2002
    Inception Share Price: $25.00
    Inception NAV: $23.88
    Tender Offer: No
    Term: No
    Fiscal Year End: July 31
    Third Party Links & Reports

    Distributions

    As of

    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
    ERROR: No data

    Pricing Information

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

    As of 6/7/2023

    PeriodAvg Discount
    6 Month2.32%
    1 Year1.85%
    3 Year2.05%
    5 Year3.38%
    Z-Score

    As of 6/7/2023

    PeriodZStat
    3 Month-1.10
    6 Month-0.98
    1 Year-0.77
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 5/31/2023
    Category: Morningstar US CEF Preferreds

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD-7.86%-2.33%-6.48%-4.26%
    2022-15.67%-17.38%-22.47%-15.85%
    202113.41%10.57%8.08%8.68%
    2020-6.74%-2.14%4.66%3.39%
    201931.35%27.31%34.61%24.84%
    2018-4.63%-5.66%-10.75%-7.07%
    201713.88%11.04%15.74%14.49%
    20169.93%3.81%12.97%6.81%
    20155.92%8.39%7.23%5.58%
    201424.34%24.54%18.73%17.64%
    2013-11.41%-6.41%-4.38%2.61%
    201210.16%18.68%20.08%24.89%
    201125.66%6.54%15.57%6.61%
    201018.44%20.00%  
    200938.08%50.58%  
    2008-17.96%-24.49%  
    2007-18.71%-10.98%  
    200630.94%9.54%  
    2005-6.25%2.68%  
    20043.79%10.39%  
    200317.99%20.65%  
    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 5/31/2023
    Category: Morningstar US CEF Preferreds

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 6/7/2023
    7.01%
    Number of Holdings:
    As of 3/31/2023
    130
    Annual Portfolio Turnover:
    As of 7/31/2022
    21.00%
    Asset Allocation

    As of 3/31/2023

    Top Sectors

    As of 3/31/2023

    Sector%Portfolio
    Corporate (Super Sector)89.87%
    Preferred Stock48.44%
    Corporate Bond41.43%
    Utilities6.40%
    Defensive (Super Sector)6.40%
    Cash Equivalents0.65%
    Cash Equivalents (Super Sector)0.65%
    Energy0.42%
    Sensitive (Super Sector)0.42%
    Top Holdings

    As of 3/31/2023

    HoldingValue% Portfolio
    Morgan Stanley DR$14.95M2.31%
    Algonquin Power & Utilities Corporation 0%$12.09M1.87%
    NiSource Inc Units$11.87M1.83%
    Wells Fargo & Co 7 1/2 % Non Cum Perp Conv Pfd Shs -A- Series -L-$11.17M1.73%
    Citigroup Capital XIII Floating Rate Trust Pfd Secs Registered 2010-30.10.4$10.98M1.70%
    Bank of America Corp 7 1/4 % Non-Cum Perp Conv Pfd Shs Series -L-$9.93M1.53%
    NiSource Inc Pfd$9.46M1.46%
    7.125% Fixed-Rate Rst Sbd Dbtrs due 2052$9.24M1.43%
    Diversified Healthcare Trust 0%$9.22M1.42%
    Athene Holding Ltd FXDFR PRF PERPETUAL USD 25 - Ser E 1/1000th Int$8.43M1.30%
    Credit Quality

    As of 3/31/2023

    Maturity Breakdown

    As of 3/31/2023

    Country Allocation

    As of 3/31/2023

    Country% Portfolio
    United States - Fixed Income6.10%
    United States - Equity5.71%
    Canada - Fixed Income4.12%
    United Kingdom - Fixed Income2.17%
    Canada - Equity1.11%
    France - Fixed Income0.45%
    Japan - Fixed Income0.25%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. 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.

    EWB-2036301PR-E0222X