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Share Name | Share Symbol | Market | Type |
---|---|---|---|
John Hancock Preferred Income Fund | NYSE:HPI | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.13 | -0.77% | 16.80 | 16.99 | 16.72 | 16.99 | 43,114 | 01:00:00 |
Fund’s investments |
Shares | Value | ||||
Preferred securities (A) 92.8% (54.9% of Total investments) | $337,875,060 | ||||
(Cost $410,670,566) | |||||
Communication services 5.9% | 21,474,752 | ||||
Diversified telecommunication services 0.9% | |||||
Qwest Corp., 6.750% | 259,175 | 3,244,871 | |||
Media 0.3% | |||||
Paramount Global, 5.750% | 62,000 | 964,100 | |||
Wireless telecommunication services 4.7% | |||||
Telephone & Data Systems, Inc., 6.000% (B) | 370,550 | 4,761,568 | |||
Telephone & Data Systems, Inc., 6.625% | 259,750 | 3,831,313 | |||
U.S. Cellular Corp., 5.500% | 135,000 | 2,006,100 | |||
U.S. Cellular Corp., 5.500% | 140,000 | 2,046,800 | |||
U.S. Cellular Corp., 6.250% | 280,000 | 4,620,000 | |||
Consumer discretionary 0.8% | 2,867,470 | ||||
Broadline retail 0.8% | |||||
Qurate Retail, Inc., 8.000% | 92,200 | 2,194,360 | |||
QVC, Inc., 6.250% | 81,000 | 673,110 | |||
Energy 1.3% | 4,806,300 | ||||
Oil, gas and consumable fuels 1.3% | |||||
NuStar Logistics LP, 12.389% (3 month CME Term SOFR + 6.996%) (C) | 185,000 | 4,806,300 | |||
Financials 54.3% | 197,710,791 | ||||
Banks 22.6% | |||||
Bank of America Corp., 4.250% (B) | 167,575 | 2,724,770 | |||
Bank of America Corp., 6.450% (6.450% to 12-15-66, then 3 month LIBOR + 1.327%) (B) | 135,000 | 3,360,150 | |||
Bank of America Corp., 7.250% (B)(D) | 8,500 | 8,952,200 | |||
Citigroup Capital XIII, 12.022% (3 month CME Term SOFR + 6.632%) (B)(C) | 384,725 | 11,030,066 | |||
Citigroup, Inc., 9.696% (3 month CME Term SOFR + 4.302%) (B)(C) | 308,337 | 7,893,427 | |||
Fifth Third Bancorp, 6.000% (B) | 234,293 | 5,423,883 | |||
First Citizens BancShares, Inc., 5.375% | 113,197 | 2,173,382 | |||
Fulton Financial Corp., 5.125% (B) | 140,075 | 2,137,545 | |||
Huntington Bancshares, Inc., 6.875% (6.875% to 4-15-28, then 5 Year CMT + 2.704%) | 180,875 | 4,006,381 | |||
JPMorgan Chase & Co., 6.000% | 64,375 | 1,539,206 | |||
KeyCorp, 5.650% | 194,650 | 2,978,145 | |||
KeyCorp, 6.200% (6.200% to 12-15-27, then 5 Year CMT + 3.132%) | 30,550 | 510,491 | |||
Pinnacle Financial Partners, Inc., 6.750% | 105,600 | 2,343,264 | |||
Regions Financial Corp., 4.450% | 181,900 | 2,688,482 | |||
Synovus Financial Corp., 9.011% (3 month CME Term SOFR + 3.614%) (C) | 173,000 | 4,300,780 | |||
Truist Financial Corp., 4.750% | 106,600 | 1,900,678 | |||
Wells Fargo & Company, 4.750% | 309,550 | 5,509,990 | |||
Wells Fargo & Company, 7.500% (B)(D) | 9,500 | 10,034,850 | |||
WesBanco, Inc., 6.750% (6.750% to 11-15-25, then 5 Year CMT + 6.557%) | 114,000 | 2,626,560 | |||
Capital markets 7.4% | |||||
Brookfield Finance, Inc., 4.625% (B) | 197,675 | 2,927,567 | |||
Carlyle Finance LLC, 4.625% | 39,601 | 647,080 | |||
Morgan Stanley, 6.375% (B) | 235,000 | 5,527,200 | |||
Morgan Stanley, 6.500% (B) | 259,325 | 6,394,955 | |||
Morgan Stanley, 6.875% (B) | 117,225 | 2,866,151 | |||
Morgan Stanley, 7.125% (B) | 319,774 | 8,026,327 | |||
State Street Corp., 5.350% | 26,900 | 588,303 |
2 | JOHN HANCOCK PREFERRED INCOME FUND | QUARTERLY REPORT | SEE NOTES TO FUND’S INVESTMENTS |
Shares | Value | ||||
Financials (continued) | |||||
Consumer finance 1.1% | |||||
Navient Corp., 6.000% | 239,227 | $4,112,312 | |||
Financial services 4.0% | |||||
Apollo Global Management, Inc., 7.625% (7.625% to 12-15-28, then 5 Year CMT + 3.226%) (B)(D) | 307,650 | 8,048,124 | |||
Federal National Mortgage Association, Series S, 8.250% (E) | 80,000 | 176,000 | |||
KKR Group Finance Company IX LLC, 4.625% (B)(D) | 310,425 | 5,140,638 | |||
National Rural Utilities Cooperative Finance Corp., 5.500% (B) | 57,350 | 1,296,110 | |||
Insurance 19.2% | |||||
AEGON Funding Company LLC, 5.100% (B) | 324,625 | 6,047,764 | |||
American Equity Investment Life Holding Company, 6.625% (6.625% to 9-1-25, then 5 Year CMT + 6.297%) (B) | 158,375 | 3,629,955 | |||
American Financial Group, Inc., 5.125% (B) | 153,425 | 2,931,952 | |||
American International Group, Inc., 5.850% (B)(D) | 259,525 | 5,813,360 | |||
Athene Holding, Ltd., 7.750% (7.750% to 12-30-27, then 5 Year CMT + 3.962%) (B)(D) | 365,400 | 9,098,460 | |||
Athene Holding, Ltd., Series A, 6.350% (6.350% to 6-30-29, then 3 month LIBOR + 4.253%) (B) | 330,000 | 6,972,900 | |||
Brighthouse Financial, Inc., 6.600% (B) | 328,590 | 6,414,077 | |||
Enstar Group, Ltd., 7.000% (7.000% to 9-1-28, then 3 month LIBOR + 4.015%) (B) | 124,975 | 2,973,155 | |||
Lincoln National Corp., 9.000% (B) | 274,075 | 7,262,988 | |||
Reinsurance Group of America, Inc., 7.125% (7.125% to 10-15-27, then 5 Year CMT + 3.456%) (B)(D) | 350,150 | 8,928,825 | |||
RenaissanceRe Holdings, Ltd., 4.200% (B) | 210,000 | 3,240,300 | |||
The Allstate Corp., 7.375% (B) | 111,575 | 2,875,288 | |||
Unum Group, 6.250% | 162,500 | 3,636,750 | |||
Industrials 1.2% | 4,433,318 | ||||
Trading companies and distributors 1.2% | |||||
WESCO International, Inc., 10.625% (10.625% to 6-22-25, then 5 Year CMT + 10.325%) | 166,291 | 4,433,318 | |||
Real estate 2.1% | 7,543,986 | ||||
Hotel and resort REITs 1.0% | |||||
Pebblebrook Hotel Trust, 6.375% | 199,050 | 3,515,223 | |||
Office REITs 0.6% | |||||
Vornado Realty Trust, 5.400% | 145,775 | 2,071,463 | |||
Specialized REITs 0.5% | |||||
Public Storage, 4.625% (B) | 105,800 | 1,957,300 | |||
Utilities 27.2% | 99,038,443 | ||||
Electric utilities 7.1% | |||||
Duke Energy Corp., 5.750% (B) | 283,350 | 6,500,049 | |||
NextEra Energy Capital Holdings, Inc., 5.650% (B) | 4,350 | 96,483 | |||
NextEra Energy, Inc., 6.926% (B)(D) | 295,921 | 11,108,874 | |||
NSTAR Electric Company, 4.780% | 15,143 | 1,147,082 | |||
SCE Trust III, 5.750% (5.750% to 3-15-24, then 3 month CME Term SOFR + 3.252%) (B) | 95,350 | 2,301,749 | |||
SCE Trust VI, 5.000% | 271,625 | 4,758,870 | |||
Gas utilities 1.8% | |||||
South Jersey Industries, Inc., 5.625% (B) | 239,275 | 2,990,938 | |||
UGI Corp., 7.250% | 66,800 | 3,392,104 | |||
Independent power and renewable electricity producers 1.9% | |||||
The AES Corp., 6.875% | 117,900 | 7,107,012 |
SEE NOTES TO FUND’S INVESTMENTS | QUARTERLY REPORT | JOHN HANCOCK PREFERRED INCOME FUND | 3 |
Shares | Value | ||||
Utilities (continued) | |||||
Multi-utilities 16.4% | |||||
Algonquin Power & Utilities Corp., 6.200% (6.200% to 7-1-24, then 3 month LIBOR + 4.010% to 7-1-29, then 3 month LIBOR + 4.260% to 7-1-49, then 3 month LIBOR + 5.010%) (B)(D) | 385,030 | $9,467,888 | |||
Algonquin Power & Utilities Corp., 9.341% (3 month LIBOR + 3.677%) (B)(C) | 496,341 | 12,448,232 | |||
CMS Energy Corp., 5.625% (B) | 225,000 | 4,835,250 | |||
CMS Energy Corp., 5.875% (B) | 125,425 | 2,765,621 | |||
CMS Energy Corp., 5.875% (B) | 338,050 | 7,508,091 | |||
DTE Energy Company, Series E, 5.250% (B) | 240,000 | 5,155,200 | |||
NiSource, Inc., 6.500% (6.500% to 3-15-24, then 5 Year CMT + 3.632% to 3-15-44, then 5 Year CMT + 4.632%) (B)(D) | 394,000 | 9,850,000 | |||
Sempra, 5.750% (B)(D) | 338,000 | 7,605,000 | |||
Common stocks 2.6% (1.6% of Total investments) | $9,645,573 | ||||
(Cost $17,034,102) | |||||
Communication services 1.0% | 3,595,626 | ||||
Diversified telecommunication services 1.0% | |||||
Verizon Communications, Inc. (B) | 102,352 | 3,595,626 | |||
Utilities 1.6% | 6,049,947 | ||||
Multi-utilities 1.6% | |||||
Algonquin Power & Utilities Corp. (B)(D) | 323,700 | 6,049,947 | |||
Rate (%) | Maturity date | Par value^ | Value | ||
Corporate bonds 71.5% (42.3% of Total investments) | $260,271,059 | ||||
(Cost $297,596,329) | |||||
Communication services 1.9% | 6,779,046 | ||||
Media 1.7% | |||||
Paramount Global (6.375% to 3-30-27, then 5 Year CMT + 3.999% to 3-30-32, then 5 Year CMT + 4.249% to 3-30-47, then 5 Year CMT + 4.999%) | 6.375 | 03-30-62 | 8,325,000 | 6,126,701 | |
Wireless telecommunication services 0.2% | |||||
SoftBank Group Corp. (6.875% to 7-19-27, then 5 Year SOFR Spread-Adjusted ICE Swap Rate + 4.854% to 7-19-42, then 5 Year SOFR Spread-Adjusted ICE Swap Rate + 5.604%) (B)(F) | 6.875 | 07-19-27 | 714,000 | 652,345 | |
Consumer discretionary 2.7% | 9,829,158 | ||||
Automobiles 2.7% | |||||
General Motors Financial Company, Inc. (5.700% to 9-30-30, then 5 Year CMT + 4.997%) (B)(D)(F) | 5.700 | 09-30-30 | 3,000,000 | 2,519,292 | |
General Motors Financial Company, Inc. (6.500% to 9-30-28, then 3 month LIBOR + 3.436%) (B)(F) | 6.500 | 09-30-28 | 8,922,000 | 7,309,866 | |
Consumer staples 0.2% | 734,800 | ||||
Food products 0.2% | |||||
Land O’ Lakes, Inc. (F)(G) | 8.000 | 07-16-25 | 835,000 | 734,800 | |
Energy 8.3% | 30,307,877 | ||||
Oil, gas and consumable fuels 8.3% | |||||
Enbridge, Inc. (7.375% to 1-15-28, then 5 Year CMT + 3.708% to 1-15-33, then 5 Year CMT + 3.958% to 1-15-48, then 5 Year CMT + 4.708%) (B) | 7.375 | 01-15-83 | 2,163,000 | 2,001,000 | |
Enbridge, Inc. (7.625% to 1-15-33, then 5 Year CMT + 4.418% to 1-15-53, then 5 Year CMT + 5.168%) (B) | 7.625 | 01-15-83 | 3,250,000 | 2,906,934 | |
Enbridge, Inc. (8.500% to 1-15-34, then 5 Year CMT + 4.431% to 1-15-54, then 5 Year CMT + 5.181%) (B) | 8.500 | 01-15-84 | 5,849,000 | 5,603,151 | |
Energy Transfer LP (6.625% to 2-15-28, then 3 month LIBOR + 4.155%) (F) | 6.625 | 02-15-28 | 8,000,000 | 6,180,000 | |
Energy Transfer LP (7.125% to 5-15-30, then 5 Year CMT + 5.306%) (B)(F) | 7.125 | 05-15-30 | 7,750,000 | 6,435,816 | |
Energy Transfer LP (3 month CME Term SOFR + 3.279%) (B)(C) | 8.651 | 11-01-66 | 8,800,000 | 7,180,976 |
4 | JOHN HANCOCK PREFERRED INCOME FUND | QUARTERLY REPORT | SEE NOTES TO FUND’S INVESTMENTS |
Rate (%) | Maturity date | Par value^ | Value | ||
Financials 45.2% | $164,518,313 | ||||
Banks 35.0% | |||||
Bank of America Corp. (5.875% to 3-15-28, then 3 month CME Term SOFR + 3.193%) (B)(D)(F) | 5.875 | 03-15-28 | 8,510,000 | 7,327,110 | |
Bank of America Corp. (6.125% to 4-27-27, then 5 Year CMT + 3.231%) (B)(D)(F) | 6.125 | 04-27-27 | 6,750,000 | 6,346,486 | |
Bank of America Corp. (6.500% to 10-23-24, then 3 month CME Term SOFR + 4.436%) (B)(F) | 6.500 | 10-23-24 | 2,103,000 | 2,075,414 | |
Barclays PLC (8.000% to 6-15-24, then 5 Year CMT + 5.672%) (B)(F) | 8.000 | 06-15-24 | 3,226,000 | 3,155,171 | |
Barclays PLC (8.000% to 9-15-29, then 5 Year CMT + 5.431%) (F) | 8.000 | 03-15-29 | 2,760,000 | 2,441,220 | |
BNP Paribas SA (7.750% to 8-16-29, then 5 Year CMT + 4.899%) (F)(G) | 7.750 | 08-16-29 | 3,050,000 | 2,827,879 | |
Citigroup, Inc. (7.375% to 5-15-28, then 5 Year CMT + 3.209%) (F) | 7.375 | 05-15-28 | 5,750,000 | 5,484,233 | |
Citigroup, Inc. (7.625% to 11-15-28, then 5 Year CMT + 3.211%) (F) | 7.625 | 11-15-28 | 4,070,000 | 3,919,179 | |
Citizens Financial Group, Inc. (6.375% to 4-6-24, then 3 month CME Term SOFR + 3.419%) (B)(D)(F) | 6.375 | 04-06-24 | 7,500,000 | 6,098,640 | |
CoBank ACB (4.250% to 1-1-27, then 5 Year CMT + 3.049%) (B)(D)(F) | 4.250 | 01-01-27 | 6,000,000 | 4,755,000 | |
CoBank ACB (6.450% to 10-1-27, then 5 Year CMT + 3.487%) (B)(D)(F) | 6.450 | 10-01-27 | 5,250,000 | 4,876,926 | |
Comerica, Inc. (5.625% to 10-1-25, then 5 Year CMT + 5.291%) (F) | 5.625 | 07-01-25 | 5,250,000 | 4,513,741 | |
Huntington Bancshares, Inc. (5.625% to 7-15-30, then 10 Year CMT + 4.945%) (F) | 5.625 | 07-15-30 | 4,250,000 | 3,305,021 | |
JPMorgan Chase & Co. (4.600% to 2-1-25, then 3 month CME Term SOFR + 3.125%) (B)(D)(F) | 4.600 | 02-01-25 | 4,797,000 | 4,469,189 | |
JPMorgan Chase & Co. (6.750% to 2-1-24, then 3 month CME Term SOFR + 4.042%) (B)(D)(F) | 6.750 | 02-01-24 | 6,000,000 | 5,995,445 | |
KeyCorp (5.000% to 9-15-26, then 3 month CME Term SOFR + 3.868%) (F) | 5.000 | 09-15-26 | 3,795,000 | 2,527,664 | |
Lloyds Banking Group PLC (7.500% to 6-27-24, then 5 Year U.S. Swap Rate + 4.760%) (B)(D)(F) | 7.500 | 06-27-24 | 7,500,000 | 7,309,287 | |
M&T Bank Corp. (3.500% to 9-1-26, then 5 Year CMT + 2.679%) (F) | 3.500 | 09-01-26 | 8,750,000 | 5,851,191 | |
The Bank of Nova Scotia (8.625% to 10-27-27, then 5 Year CMT + 4.389%) (B)(D) | 8.625 | 10-27-82 | 6,345,000 | 6,206,965 | |
The PNC Financial Services Group, Inc. (6.000% to 5-15-27, then 5 Year CMT + 3.000%) (B)(D)(F) | 6.000 | 05-15-27 | 7,415,000 | 6,215,699 | |
The PNC Financial Services Group, Inc. (6.200% to 9-15-27, then 5 Year CMT + 3.238%) (B)(D)(F) | 6.200 | 09-15-27 | 8,706,000 | 7,745,601 | |
The PNC Financial Services Group, Inc. (6.250% to 3-15-30, then 7 Year CMT + 2.808%) (B)(D)(F) | 6.250 | 03-15-30 | 7,300,000 | 6,007,906 | |
The PNC Financial Services Group, Inc. (3 month CME Term SOFR + 3.940%) (B)(C)(F) | 9.312 | 11-01-23 | 1,662,000 | 1,662,000 | |
The Toronto-Dominion Bank (8.125% to 10-31-27, then 5 Year CMT + 4.075%) (B)(D) | 8.125 | 10-31-82 | 9,720,000 | 9,535,924 | |
Wells Fargo & Company (5.900% to 6-15-24, then 3 month LIBOR + 3.110%) (B)(F) | 5.900 | 06-15-24 | 2,000,000 | 1,966,610 | |
Wells Fargo & Company (7.625% to 9-15-28, then 5 Year CMT + 3.606%) (F) | 7.625 | 09-15-28 | 4,674,000 | 4,680,062 | |
Capital markets 2.6% | |||||
The Charles Schwab Corp. (4.000% to 12-1-30, then 10 Year CMT + 3.079%) (B)(D)(F) | 4.000 | 12-01-30 | 3,500,000 | 2,388,463 | |
The Charles Schwab Corp. (5.000% to 6-1-27, then 5 Year CMT + 3.256%) (B)(D)(F) | 5.000 | 06-01-27 | 1,582,000 | 1,249,447 | |
The Goldman Sachs Group, Inc. (7.500% to 2-10-29, then 5 Year CMT + 3.156%) (F) | 7.500 | 02-10-29 | 5,995,000 | 5,879,613 | |
Consumer finance 1.1% | |||||
Discover Financial Services (6.125% to 9-23-25, then 5 Year CMT + 5.783%) (F) | 6.125 | 06-23-25 | 4,300,000 | 3,970,678 | |
Insurance 6.5% | |||||
Enstar Finance LLC (5.750% to 9-1-25, then 5 Year CMT + 5.468%) (B)(D) | 5.750 | 09-01-40 | 4,000,000 | 3,519,326 | |
Markel Group, Inc. (6.000% to 6-1-25, then 5 Year CMT + 5.662%) (F) | 6.000 | 06-01-25 | 5,250,000 | 5,075,748 | |
MetLife, Inc. (5.875% to 3-15-28, then 3 month CME Term SOFR + 3.221%) (B)(F) | 5.875 | 03-15-28 | 6,589,000 | 5,803,085 | |
SBL Holdings, Inc. (6.500% to 11-13-26, then 5 Year CMT + 5.620%) (F)(G) | 6.500 | 11-13-26 | 7,350,000 | 4,145,751 | |
SBL Holdings, Inc. (7.000% to 5-13-25, then 5 Year CMT + 5.580%) (B)(F)(G) | 7.000 | 05-13-25 | 8,536,000 | 5,186,639 |
SEE NOTES TO FUND’S INVESTMENTS | QUARTERLY REPORT | JOHN HANCOCK PREFERRED INCOME FUND | 5 |
Rate (%) | Maturity date | Par value^ | Value | ||
Utilities 13.2% | $48,101,865 | ||||
Electric utilities 7.6% | |||||
Edison International (5.000% to 3-15-27, then 5 Year CMT + 3.901% to 3-15-32, then 5 Year CMT + 4.151% to 3-15-47, then 5 Year CMT + 4.901%) (F) | 5.000 | 12-15-26 | 4,022,000 | 3,579,427 | |
Edison International (5.375% to 3-15-26, then 5 Year CMT + 4.698%) (B)(D)(F) | 5.375 | 03-15-26 | 9,250,000 | 8,289,589 | |
Emera, Inc. (6.750% to 6-15-26, then 3 month LIBOR + 5.440% to 6-15-46, then 3 month LIBOR + 6.190%) (B)(D) | 6.750 | 06-15-76 | 3,224,000 | 3,031,969 | |
NextEra Energy Capital Holdings, Inc. (5.650% to 5-1-29, then 3 month LIBOR + 3.156%) (B) | 5.650 | 05-01-79 | 7,000,000 | 6,185,959 | |
NRG Energy, Inc. (10.250% to 3-15-28, then 5 Year CMT + 5.920%) (F)(G) | 10.250 | 03-15-28 | 6,760,000 | 6,525,917 | |
Independent power and renewable electricity producers 3.0% | |||||
Vistra Corp. (7.000% to 12-15-26, then 5 Year CMT + 5.740%) (F)(G) | 7.000 | 12-15-26 | 3,000,000 | 2,730,000 | |
Vistra Corp. (8.000% to 10-15-26, then 5 Year CMT + 6.930%) (B)(D)(F)(G) | 8.000 | 10-15-26 | 8,750,000 | 8,312,500 | |
Multi-utilities 2.6% | |||||
CMS Energy Corp. (4.750% to 6-1-30, then 5 Year CMT + 4.116%) (B)(D) | 4.750 | 06-01-50 | 4,250,000 | 3,524,363 | |
Dominion Energy, Inc. (4.350% to 4-15-27, then 5 Year CMT + 3.195%) (F) | 4.350 | 01-15-27 | 1,500,000 | 1,220,476 | |
Dominion Energy, Inc. (5.750% to 10-1-24, then 3 month LIBOR + 3.057%) (B)(D) | 5.750 | 10-01-54 | 5,000,000 | 4,701,665 | |
Capital preferred securities (H) 1.4% (0.8% of Total investments) | $5,030,214 | ||||
(Cost $6,457,350) | |||||
Financials 1.4% | 5,030,214 | ||||
Insurance 1.4% | |||||
MetLife Capital Trust IV (7.875% to 12-15-37, then 3 month LIBOR + 3.960%) (B)(D)(G) | 7.875 | 12-15-67 | 4,940,000 | 5,030,214 | |
Yield (%) | Shares | Value | |||
Short-term investments 0.6% (0.4% of Total investments) | $2,232,559 | ||||
(Cost $2,232,731) | |||||
Short-term funds 0.6% | 2,232,559 | ||||
John Hancock Collateral Trust (I) | 5.5153(J) | 223,332 | 2,232,559 |
Total investments (Cost $733,991,078) 168.9% | $615,054,465 | ||||
Other assets and liabilities, net (68.9%) | (250,966,793) | ||||
Total net assets 100.0% | $364,087,672 |
The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund unless otherwise indicated. | |
^All par values are denominated in U.S. dollars unless otherwise indicated. | |
Security Abbreviations and Legend | |
CME | Chicago Mercantile Exchange |
CMT | Constant Maturity Treasury |
ICE | Intercontinental Exchange |
LIBOR | London Interbank Offered Rate |
SOFR | Secured Overnight Financing Rate |
(A) | Includes preferred stocks and hybrid securities with characteristics of both equity and debt that pay dividends on a periodic basis. |
(B) | All or a portion of this security is pledged as collateral pursuant to the Credit Facility Agreement. Total collateral value at 10-31-23 was $423,121,443. A portion of the securities pledged as collateral were loaned pursuant to the Credit Facility Agreement. The value of securities on loan amounted to $216,058,515. |
(C) | Variable rate obligation. The coupon rate shown represents the rate at period end. |
(D) | All or a portion of this security is on loan as of 10-31-23, and is a component of the fund’s leverage under the Credit Facility Agreement. |
(E) | Non-income producing security. |
(F) | Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date. |
(G) | These securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. |
(H) | Includes hybrid securities with characteristics of both equity and debt that trade with, and pay, interest income. |
(I) | Investment is an affiliate of the fund, the advisor and/or subadvisor. |
(J) | The rate shown is the annualized seven-day yield as of 10-31-23. |
6 | JOHN HANCOCK PREFERRED INCOME FUND | QUARTERLY REPORT | SEE NOTES TO FUND’S INVESTMENTS |
United States | 84.0% |
Canada | 9.8% |
Bermuda | 3.6% |
United Kingdom | 2.1% |
Other countries | 0.5% |
TOTAL | 100.0% |
SEE NOTES TO FUND’S INVESTMENTS | QUARTERLY REPORT | JOHN HANCOCK PREFERRED INCOME FUND | 7 |
Interest rate swaps | ||||||||||
Counterparty (OTC)/ Centrally cleared | Notional amount | Currency | Payments made | Payments received | Fixed payment frequency | Floating payment frequency | Maturity date | Unamortized upfront payment paid (received) | Unrealized appreciation (depreciation) | Value |
Centrally cleared | 129,000,000 | USD | Fixed 3.662% | USD SOFR Compounded OIS(a) | Semi-Annual | Quarterly | May 2026 | — | $2,694,649 | $2,694,649 |
Centrally cleared | 64,000,000 | USD | Fixed 3.473% | USD SOFR Compounded OIS(a) | Semi-Annual | Quarterly | May 2026 | — | 1,688,798 | 1,688,798 |
— | $4,383,447 | $4,383,447 |
(a) | At 10-31-23, the overnight SOFR was 5.350%. |
Derivatives Currency Abbreviations | |
USD | U.S. Dollar |
Derivatives Abbreviations | |
OIS | Overnight Index Swap |
OTC | Over-the-counter |
SOFR | Secured Overnight Financing Rate |
8 | JOHN HANCOCK PREFERRED INCOME FUND | QUARTERLY REPORT | SEE NOTES TO FUND’S INVESTMENTS |
Notes to Fund’s investments (unaudited) |
Total value at 10-31-23 | Level 1 quoted price | Level 2 significant observable inputs | Level 3 significant unobservable inputs | |
Investments in securities: | ||||
Assets | ||||
Preferred securities | ||||
Communication services | $21,474,752 | $21,474,752 | — | — |
Consumer discretionary | 2,867,470 | 2,867,470 | — | — |
Energy | 4,806,300 | 4,806,300 | — | — |
Financials | 197,710,791 | 197,710,791 | — | — |
Industrials | 4,433,318 | 4,433,318 | — | — |
Real estate | 7,543,986 | 7,543,986 | — | — |
Utilities | 99,038,443 | 94,900,423 | $4,138,020 | — |
Common stocks | 9,645,573 | 9,645,573 | — | — |
Corporate bonds | 260,271,059 | — | 260,271,059 | — |
Capital preferred securities | 5,030,214 | — | 5,030,214 | — |
Short-term investments | 2,232,559 | 2,232,559 | — | — |
Total investments in securities | $615,054,465 | $345,615,172 | $269,439,293 | — |
Derivatives: | ||||
Assets | ||||
Swap contracts | $4,383,447 | — | $4,383,447 | — |
| | 9 |
Dividends and distributions | |||||||||
Affiliate | Ending share amount | Beginning value | Cost of purchases | Proceeds from shares sold | Realized gain (loss) | Change in unrealized appreciation (depreciation) | Income distributions received | Capital gain distributions received | Ending value |
John Hancock Collateral Trust | 223,332 | $3,532,311 | $44,383,690 | $(45,684,612) | $927 | $243 | $121,771 | — | $2,232,559 |
10 | | |
1 Year John Hancock Preferred I... Chart |
1 Month John Hancock Preferred I... Chart |
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