John Hancock Preferred Income Fund III (HPS)

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John Hancock Preferred Income Fund III (HPS) is up 3.6% since the beginning of the year. HPS is currently trading at $14 per share. Investors who bought $1,000 worth of HPS shares 5 years ago would now be looking at an investment worth $1,148.

John Hancock Preferred Income Fund III (HPS) has returned 3.62% so far this year and 10.96% over the past 12 months. Over the last ten years, HPS has returned 5.25% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Jun 17, 2003, HPS's average daily return is +0.04%, while the average monthly return is +0.68%. At this rate, an investment would double in approximately 8.5 years.

Historically, 61% of months were positive and 39% were negative. The best month was May 2009 with a return of +21.8%, while the worst month was Sep 2008 at -39.9%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 4 months.

On a daily basis, HPS closed higher 54% of trading days. The best single day was Oct 13, 2008 with a return of +43.2%, while the worst single day was Mar 18, 2020 at -25.4%.

John Hancock Preferred Income Fund III has an annualized alpha of 1.96%, beta of 0.70, and R2 of 0.27 versus S&P 500 Index. Calculated based on daily prices since June 17, 2003.

• This fund participated in 73.57% of S&P 500 Index downside but only 65.36% of its upside - more exposed to losses than it benefited from rallies.
• R2 of 0.27 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.

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

HPS ranks 17 for risk / return — in the bottom 17% 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 III provided a 9.25% dividend yield over the last twelve months, with an annual payout of $1.32 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 III. 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 III. 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 III was 70.04%, occurring on Mar 9, 2009. Recovery took 348 trading sessions.

The current John Hancock Preferred Income Fund III drawdown is 3.32%.

The chart below shows the rolling one-month volatility.