John Hancock Preferred Income Fund (HPI)

• Market cap: $439M
• 1 day: -0.12%
• 5 days: -1.44%
• 1 month: -5.34%
• 3 months: -11.11%
• 6 months: -0.66%
• Year to date: 4.97%
• 1 year: 6.19%
• 5 years: -27.43%
• 10 years: -20.16%

About: John Hancock Preferred Income Fund is a closed-end, diversified management investment company. Its primary investment objective is to provide a high level of current income consistent with preservation of capital. The fund's secondary investment objective is to provide growth of capital to the extent consistent with its primary investment objective. It seeks to achieve its investment objectives by investing in securities that may be undervalued relative to similar securities in the marketplace. The fund's principal investment strategies include investing a majority of its assets in preferred stocks and other preferred securities. Its portfolio composition consists of U.S preferred securities, common stocks, foreign preferred securities, corporate bonds, and short-term investments.

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

17% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 6

8% more capital invested

Capital invested by funds: $59.5M [Q2] → $64.2M (+$4.75M) [Q3]

2% more funds holding

Funds holding: 55 [Q2] → 56 (+1) [Q3]

0.64% less ownership

Funds ownership: 13.53% [Q2] → 12.9% (-0.64%) [Q3]

19% less repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 16