(HPI) John Hancock Preferred - Overview
Fund: Preferred Stocks, Bonds, Convertibles, Utilities, Financials
Dividends
| Dividend Yield | 9.09% |
| Yield on Cost 5y | 11.76% |
| Yield CAGR 5y | 0.00% |
| Payout Consistency | 94.0% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 8.88% |
| Relative Tail Risk | -7.58% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.21 |
| Alpha | -8.39 |
| Character TTM | |
|---|---|
| Beta | 0.388 |
| Beta Downside | 0.576 |
| Drawdowns 3y | |
|---|---|
| Max DD | 21.10% |
| CAGR/Max DD | 0.33 |
Description: HPI John Hancock Preferred December 27, 2025
John Hancock Preferred Income Closed Fund (NYSE:HPI) is a U.S.-based closed-end fund that invests primarily in preferred securities, offering investors exposure to a higher-yielding segment of the fixed-income market while maintaining a fund structure that can trade at a premium or discount to net asset value.
Key metrics as of the latest filing (Q3 2024) include an approximate dividend yield of 6.2%, assets under management around $2.1 billion, and an average weighted-average credit rating of “A-” (S&P), reflecting a focus on investment-grade issuers. The fund’s performance is closely tied to the prevailing interest-rate environment; a 25-basis-point rise in the Fed Funds rate typically compresses preferred-stock yields, putting downward pressure on price appreciation, while a flattening yield curve can support the fund’s net asset value.
If you want a more granular, data-driven view of HPI’s risk-adjusted returns and sector exposure, a quick look at ValueRay’s analytics can help you validate these observations and uncover additional angles for analysis.
What is the price of HPI shares?
Over the past week, the price has changed by -0.19%, over one month by -0.55%, over three months by -4.48% and over the past year by +0.94%.
Is HPI a buy, sell or hold?
What are the forecasts/targets for the HPI price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 17.5 | 8% |
HPI Fundamental Data Overview February 04, 2026
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 478.6m USD (478.6m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 478.6m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 478.6m / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 7.34% (E(478.6m)/V(478.6m) * Re(7.34%) + (debt-free company))
Discount Rate = 7.34% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Fair Price DCF = unknown (Cash Flow 0.0)