John Hancock Preferred Income Fund II manages $511.3M in assets, focusing on preferred securities and corporate bonds. HPF maintains a leveraged portfolio (39.02%) with a 4.16% expense ratio and a 4.57% relative leverage cost. The fund offers an 11.33% dividend yield, supported by 22 years of consecutive payments and a $1.48 forward dividend per share.
John Hancock Preferred Income Fund II is rated Hold, with valuation at a 5.43% NAV premium and limited near-term growth catalysts. HPF offers a 9.3% monthly dividend yield, supported by earnings but reliant on net realized gains, which may hinder long-term NAV growth. The fund uses aggressive leverage (38.77% of assets) and is heavily weighted toward financials and utilities, prioritizing income over capital appreciation.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 31,600 | $501,490 | $400,372 | -$101,118 | -20.16% |
| RAS Robert A. Saperstein Guggenheim Capital LLC | 369,327 | $5.94M | $4.84M | -$1.1M | -18.57% |
| FP Frank Poli COHEN & STEERS Inc. | 172,487 | $2.82M | $2.26M | -$561,392.48 | -19.9% |
Jeff Ameen Spire Wealth Management | 12,100 | $236,217.49 | $157,058 | -$79,159.49 | -33.51% |
| KMT Kirk M. Tokheim Ameritas Advisory Services LLC | 24,203 | $384,101.61 | $314,154.94 | -$69,946.67 | -18.21% |