John Hancock Preferred Income Fund II (HPF)

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John Hancock Preferred Income Fund II (HPF) is up 2.7% since the beginning of the year. HPF is currently trading at $16 per share. Investors who bought $1,000 worth of HPF shares 5 years ago would now be looking at an investment worth $1,136.

John Hancock Preferred Income Fund II (HPF) has returned 2.73% so far this year and 10.94% over the past 12 months. Over the last ten years, HPF has returned 4.96% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Nov 26, 2002, HPF's average daily return is +0.04%, while the average monthly return is +0.72%. At this rate, an investment would double in approximately 8.1 years.

Historically, 61% of months were positive and 39% were negative. The best month was Oct 2008 with a return of +20.4%, while the worst month was Sep 2008 at -33.6%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 4 months.

On a daily basis, HPF closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +43.6%, while the worst single day was Mar 18, 2020 at -27.3%.

John Hancock Preferred Income Fund II has an annualized alpha of 2.59%, beta of 0.69, and R2 of 0.26 versus S&P 500 Index. Calculated based on daily prices since November 26, 2002.

• This fund participated in 66.94% of S&P 500 Index downside but only 62.76% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.69 may look defensive, but with R2 of 0.26 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.26 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

HPF has an expense ratio of 0.01%, which is considered low.

HPF ranks 24 for risk / return — below 24% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

John Hancock Preferred Income Fund II provided a 9.40% dividend yield over the last twelve months, with an annual payout of $1.48 per share. The fund has been increasing its distributions for 5 consecutive years.

The table displays the monthly dividend distributions for John Hancock Preferred Income Fund II. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the John Hancock Preferred Income Fund II. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the John Hancock Preferred Income Fund II was 66.73%, occurring on Mar 9, 2009. Recovery took 346 trading sessions.

The current John Hancock Preferred Income Fund II drawdown is 2.75%.

The chart below shows the rolling one-month volatility.