John Hancock Preferred Income Fund (HPI)

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

John Hancock Preferred Income Fund (HPI) is up 3.2% since the beginning of the year. HPI is currently trading at $16 per share. Investors who bought $1,000 worth of HPI shares 5 years ago would now be looking at an investment worth $1,162.

John Hancock Preferred Income Fund (HPI) has returned 3.15% so far this year and 11.41% over the past 12 months. Over the last ten years, HPI has returned 4.83% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Jul 15, 2003, HPI'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, 63% of months were positive and 37% were negative. The best month was Dec 2008 with a return of +25.0%, while the worst month was Sep 2008 at -33.4%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 4 months.

On a daily basis, HPI closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +38.0%, while the worst single day was Mar 18, 2020 at -31.2%.

John Hancock Preferred Income Fund has an annualized alpha of 2.53%, beta of 0.72, and R2 of 0.26 versus S&P 500 Index. Calculated based on daily prices since July 15, 2003.

• This fund participated in 74.95% of S&P 500 Index downside but only 68.30% of its upside - more exposed to losses than it benefited from rallies.
• 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.

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

HPI ranks 19 for risk / return — in the bottom 19% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

John Hancock Preferred Income Fund provided a 9.22% 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. 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. 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 was 67.67%, occurring on Mar 9, 2009. Recovery took 273 trading sessions.

The current John Hancock Preferred Income Fund drawdown is 2.62%.

The chart below shows the rolling one-month volatility.