HPF: Making Sense Of The Fund's Positioning [Seeking Alpha]
John Hancock Preferred Income Fund Common Shares of Beneficial Interest (HPI)
US:NYSE Investor Relations:
jhinvestments.com/fund/overview.aspx?producttype=closedend&fundid=99003&classcode=ce&backtofundtabletype=price
Company Research
Source: Seeking Alpha
Power Hedge Investing Group Leader Follow Play 27min Summary The John Hancock Preferred Income Fund II offers an attractive 8.29% yield, outperforming its benchmark indices and many peer funds, making it appealing for income-focused investors. The fund's higher yield suggests that it may be riskier than its peers, but its portfolio consists mostly of investment-grade preferred stocks and corporate bonds. The fund's corporate bond allocation is a lot higher than most investors might expect, and this may have dragged on the fund's returns over the past several months. The fund's leverage is reasonable and helps to boost the effective portfolio yield that the fund earns. Despite its strong recent performance, the fund's current 6.37% premium on net asset value suggests it may be overvalued, warranting caution before investing. Looking for a helping hand in the market? Members of Energy Profits in Dividends get exclusive ideas and guidance to navigate any climate. L
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Sec Filings
- 10/2/24 - Form 3
- 8/8/24 - Form 3
- 8/8/24 - Form 3
- HPI's page on the SEC website