FMP
John Hancock Preferred Income Fund II
HPF
NYSE
John Hancock Preferred Income Fund II is a closed ended fixed income mutual fund launched and managed by John Hancock Investment Management LLC. It is co-managed by John Hancock Asset Management. The fund invests in the fixed income markets of the United States. It seeks to invest in securities of companies operating across diversified sectors. The fund primarily invests in preferred value stocks of companies, convertible preferred securities, and investment grade fixed-income securities rated investment grade or higher by Moody's or Standard & Poor's. It benchmarks the performance of its portfolio against the Bank of America Merrill Lynch Hybrid Preferred Securities Index and Barclays U.S. Aggregate Bond Index. John Hancock Preferred Income Fund II was formed on November 29, 2002 and is domiciled in the United States.
16.2 USD
0.06 (0.37%)
Latest HPF News
Seeking Alpha
Apr 5, 2024
HPF: Very Good Fixed-Income Fund, But Could Be Overpriced
The John Hancock Preferred Income Fund II offers a 9.00% yield, making it an attractive option for income-focused investors. The fund's recent performance has been strong, outperforming both investment-grade and junk bonds. However, there are concerns about the current state of the preferred stock market and the fund's premium valuation, which may warrant caution for investors.
Seeking Alpha
Jan 16, 2024
HPF: Take Some Gains, But Do Not Abandon This CEF Completely
John Hancock Preferred Income Fund II aims to provide high current income by investing primarily in preferred securities. The fund has a 9.02% yield, higher than most investment-grade bond funds and other preferred stock funds. The fund's share price has declined over the past five years, but distributions have offset the decline and increased investors' wealth by 22.48%.
Seeking Alpha
Sep 27, 2023
John Hancock Preferred Income Fund II: Why Investors Should Consider A Switch
John Hancock Preferred Income Fund II aims to provide a high level of current income and preservation of capital. The fund primarily invests in preferred securities, with at least 50% being investment grade. The poor returns and large distributions over the last 5 years have forced a good erosion of NAV.
Seeking Alpha
May 24, 2023
The Seven Deadly Sins Of Regional Banks And Preferred CEF Investing
Bank securities and preferred CEFs have been some of the livelier parts of the income market in the last few months. In some of the hysteria, however, it's easy to lose sight of the facts and misinterpret the relationship between regional banks and preferred CEFs.
Seeking Alpha
May 13, 2023
HPF: Financials Exposure Dragging Down Preferred Shares, Avoid
The HPF fund holds a portfolio of preferred stocks and corporate bonds. The HPF fund holds outsized exposure to preferred shares of financial companies.
Seeking Alpha
Apr 11, 2023
Preferred Closed-End Funds: Out Of The Frying Pan Into The Fire
Today, I wanted to take a broader look at the preferred closed-end fund space. After struggling for most of the last year due to rapidly-rising interest rates, the latest banking failures sent preferred CEFs spiraling.
Seeking Alpha
Feb 2, 2023
HPF: Attractive 8.5% Yield, But May Not Be Sustainable
The HPF fund holds a portfolio of preferred stocks and corporate bonds. The fund pays an attractive 8.5% distribution yield.
Seeking Alpha
Nov 15, 2022
Weekly Closed-End Fund Roundup: Tortoise Tender Results, NCZ Resumes Distributions (November 6, 2022)
12 out of 23 CEF sectors positive on price and 6 out of 23 sectors positive on NAV last week. Tortoise offer tender results.
Forbes
May 2, 2022
3 Great 7% Yields, Paid Monthly
One of the market's most secure, steady sources of generous yield is going through a rare turbulent moment.
Seeking Alpha
Feb 9, 2022
HPF: Preferred Shares And Corporate Bonds CEF
HPF: Preferred Shares And Corporate Bonds CEF
