John Hancock Preferred Income Fund
HPI
About: John Hancock Preferred Income Fund is a closed-end, diversified management investment company. Its primary investment objective is to provide a high level of current income consistent with preservation of capital. The fund's secondary investment objective is to provide growth of capital to the extent consistent with its primary investment objective. It seeks to achieve its investment objectives by investing in securities that may be undervalued relative to similar securities in the marketplace. The fund's principal investment strategies include investing a majority of its assets in preferred stocks and other preferred securities. Its portfolio composition consists of U.S preferred securities, common stocks, foreign preferred securities, corporate bonds, and short-term investments.
Fund manager confidence
Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)
25% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 8
0% more funds holding
Funds holding: 62 [Q1] → 62 (+0) [Q2]
0% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 18
0.66% less ownership
Funds ownership: 13.89% [Q1] → 13.23% (-0.66%) [Q2]
5% less capital invested
Capital invested by funds: $61.5M [Q1] → $58.6M (-$2.94M) [Q2]
Financial journalist opinion
