John Hancock Preferred Income Fund III (HPS)

• Market cap: $451M
• 1 day: -5.50%
• 5 days: -6.57%
• 1 month: -7.25%
• 3 months: -7.00%
• 6 months: -18.19%
• Year to date: -6.82%
• 1 year: -8.15%
• 5 years: 10.87%
• 10 years: -24.42%
• Sector: Financials
• Industry: Asset Management

About: John Hancock Preferred Income Fund III is a closed-end, diversified management investment company. Its 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 the objectives by investing a majority of its assets in preferred stocks and other preferred securities, including convertible preferred securities. The portfolio composition of the company consists of the U.S. preferred securities, foreign preferred securities, common stocks, corporate bonds, and the short-term investments.

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

200% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 6

18% more funds holding

Funds holding: 61 [Q3] → 72 (+11) [Q4]

1.04% more ownership

Funds ownership: 11.45% [Q3] → 12.49% (+1.04%) [Q4]

7% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 14

4% less capital invested

Capital invested by funds: $63M [Q3] → $60.2M (-$2.82M) [Q4]