John Hancock Preferred Income Fund II (HPF)
John Hancock Preferred Income Fund II operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $13.78, up 0.51% on the session, giving a market capitalisation of $298.3M. On trailing twelve-month figures it carries a trailing P/E of 10.60, a net margin of 68.2%. Its beta of 0.65 implies it has historically moved less than the broad market.
Operating as a closed-end mutual fund focused on fixed-income assets, the John Hancock Preferred Income Fund II is overseen by John Hancock Investment Management LLC, with additional stewardship provided by John Hancock Asset Management. Its investment strategy is exclusively concentrated on U.S. fixed-income markets. The fund aims to allocate capital across a diverse array of companies spanning various industries. Its primary holdings include preferred value equities and convertible preferred instruments. Furthermore, it targets debt securities that carry an investment-grade rating or higher from either Moody's or Standard & Poor's. Performance is evaluated against two key benchmarks: the Bank of America Merrill Lynch Hybrid Preferred Securities Index and the Barclays U.S. Aggregate Bond Index. The fund commenced operations on November 29, 2002, and is legally based in the United States.
John Hancock Preferred Income Fund II is most often compared with the following Financial Services names: