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Key Stats

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Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
2.31% 15.11% 722.49M 71183.80
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (All)
5.65% 24.00% -- Upgrade

Basic Info

Investment Strategy
To provide high current income, consistent with modest growth of capital for holders of its common shares, through investment in a diversified portfolio of dividend-paying preferred and common stocks.The fund will invest in common stocks of issuers whose senior debt is rated investment grade or, in the case of issuers that have no rated senior debt is considered by the Adviser to be comparable quality. 80% of funds total assets consist of preferred stocks and debt obligations rated A or higher.
General
Security Type Closed-End Fund
Equity Style Mid Cap/Value
Fixed Income Style --
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name Preferred Stock
Category Index ICE BofA Fxd Rate Pref TR USD
Prospectus Objective Income
Fund Owner Firm Name John Hancock
Prospectus Benchmark Index
Bloomberg US Agg Bond TR USD 100.0%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
Joseph Bozoyan 6.34 yrs
Brad Lutz 4.63 yrs

Net Fund Flows Versus Category

1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
No Data Available
1 Month
% Rank: --
-- Category Low
-- Category High
1 Year
% Rank: --
-74.23M Category Low
2.198B Category High
3 Months
% Rank: --
-- Category Low
-- Category High
3 Years
% Rank: --
-- Category Low
-- Category High
6 Months
% Rank: --
-- Category Low
-- Category High
5 Years
% Rank: --
-- Category Low
-- Category High
YTD
% Rank: --
-- Category Low
-- Category High
10 Years
% Rank: --
-- Category Low
-- Category High
Date Unavailable

Performance Versus Category

 
20%
15%
10%
5%
0
View Category Returns. Upgrade now.
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (Price)
--
--
--
--
--
--
--
--
Total Return (NAV)
--
--
--
--
--
--
--
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Category Rtn. (NAV)
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% Rank in Cat (NAV)
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As of October 15, 2021. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2014
2015
2016
2017
2018
2019
2020
YTD
27.87%
8.02%
25.32%
21.23%
-12.53%
39.27%
-14.91%
27.19%
5.97%
0.55%
2.65%
3.54%
0.01%
8.72%
7.51%
-1.72%
24.34%
5.92%
9.89%
13.82%
-4.78%
30.87%
-7.58%
15.45%
24.62%
7.97%
7.39%
14.36%
-8.36%
31.40%
-3.00%
19.08%
23.53%
4.12%
11.74%
14.77%
-5.36%
27.95%
-7.67%
22.16%
18.45%
10.51%
10.59%
18.04%
-12.28%
30.09%
4.15%
5.97%
As of October 15, 2021.

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (10-18-21) 5.65%
30-Day SEC Yield --
7-Day SEC Yield --
Number of Holdings Upgrade
Stock
Weighted Average PE Ratio 19.33
Weighted Average Price to Sales Ratio Upgrade
Weighted Average Price to Book Ratio Upgrade
Weighted Median ROE Upgrade
Weighted Median ROA Upgrade
Forecasted Dividend Yield Upgrade
Forecasted PE Ratio Upgrade
Forecasted Price to Sales Ratio Upgrade
Forecasted Price to Book Ratio Upgrade
Bond
Current Yield 6.91%
Yield to Maturity --
Effective Duration --
Average Coupon Upgrade
Average Credit Score --
Average Price Upgrade
As of August 31, 2021

Fund Details

Key Dates
Inception Date 12/21/1989
Last Annual Report Date 10/31/2020
Last Prospectus Date --
Attributes
Enhanced Index Fund No
Index Fund No
Inverse Fund No
Leveraged Fund Yes
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan Yes
Socially Responsible Fund No

Asset Allocation

As of August 31, 2021.
Type % Net % Long % Short
Cash 1.52% Upgrade Upgrade
Stock 57.72% Upgrade Upgrade
Bond 3.61% Upgrade Upgrade
Convertible 5.10% Upgrade Upgrade
Preferred 29.72% Upgrade Upgrade
Other 2.32% Upgrade Upgrade

Top 10 Holdings

Name % Weight Price % Change
NextEra Energy Inc Unit (Corporate Unit 09/01/2023)
3.24% -- --
Dominion Energy Inc Series A 3.21% 96.79 -0.95%
Interstate Power and Light Co 5 1/10 % Cum Perp Pfd Shs Series -D-
3.09% -- --
Southern Co Unit - Series A (2019) 2.61% 51.50 -0.81%
Duke Energy Corp 2.35% 99.88 -0.47%
Williams Companies Inc 2.33% 29.29 -0.88%
Wells Fargo & Co 7 1/2 % Non Cum Perp Conv Pfd Shs -A- Series -L-
2.13% -- --
Ocean Spray Cranberries Inc 6 1/4 % Pfd Shs Series -A- -144A-
2.10% -- --
PPL Corp 1.97% 28.55 -1.04%
OGE Energy Corp 1.91% 33.40 -1.05%

Basic Info

Investment Strategy
To provide high current income, consistent with modest growth of capital for holders of its common shares, through investment in a diversified portfolio of dividend-paying preferred and common stocks.The fund will invest in common stocks of issuers whose senior debt is rated investment grade or, in the case of issuers that have no rated senior debt is considered by the Adviser to be comparable quality. 80% of funds total assets consist of preferred stocks and debt obligations rated A or higher.
General
Security Type Closed-End Fund
Equity Style Mid Cap/Value
Fixed Income Style --
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name Preferred Stock
Category Index ICE BofA Fxd Rate Pref TR USD
Prospectus Objective Income
Fund Owner Firm Name John Hancock
Prospectus Benchmark Index
Bloomberg US Agg Bond TR USD 100.0%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
Joseph Bozoyan 6.34 yrs
Brad Lutz 4.63 yrs

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (10-18-21) 5.65%
30-Day SEC Yield --
7-Day SEC Yield --
Number of Holdings Upgrade
Stock
Weighted Average PE Ratio 19.33
Weighted Average Price to Sales Ratio Upgrade
Weighted Average Price to Book Ratio Upgrade
Weighted Median ROE Upgrade
Weighted Median ROA Upgrade
Forecasted Dividend Yield Upgrade
Forecasted PE Ratio Upgrade
Forecasted Price to Sales Ratio Upgrade
Forecasted Price to Book Ratio Upgrade
Bond
Current Yield 6.91%
Yield to Maturity --
Effective Duration --
Average Coupon Upgrade
Average Credit Score --
Average Price Upgrade
As of August 31, 2021

Fund Details

Key Dates
Inception Date 12/21/1989
Last Annual Report Date 10/31/2020
Last Prospectus Date --
Attributes
Enhanced Index Fund No
Index Fund No
Inverse Fund No
Leveraged Fund Yes
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan Yes
Socially Responsible Fund No