JHPI
John Hancock Preferred Income ETF
📎 Investment Objective
The John Hancock Preferred Income ETF (JHPI) seeks to provide a high level of current income by investing primarily in preferred securities.
Overview
ETF tracking John Hancock Preferred Income ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The John Hancock Preferred Income ETF (JHPI) seeks to provide a high level of current income by investing primarily in preferred securities.
🎯 Investment Strategy
The fund invests at least 80% of its net assets in preferred securities, which are a type of hybrid security that have characteristics of both stocks and bonds. The portfolio manager uses a value-oriented approach to select preferred securities that they believe are undervalued and offer attractive income potential.
✨ Key Features
- Focuses on preferred securities, which can provide higher income than common stocks
- Utilizes a value-oriented investment approach to identify undervalued preferred securities
- Seeks to provide a high level of current income for investors
- Relatively low expense ratio of 0.00%
⚠️ Primary Risks
- Interest rate risk: Preferred securities are sensitive to changes in interest rates, which can negatively impact their prices
- Credit risk: The fund is exposed to the credit risk of the issuers of the preferred securities it holds
- Liquidity risk: Preferred securities may have lower liquidity compared to other fixed income securities
- Concentration risk: The fund's focus on preferred securities means it may be more volatile than a more diversified fund
👤 Best For
The John Hancock Preferred Income ETF may be suitable for investors seeking a high level of current income and who have a moderate risk tolerance. It may be particularly appealing to those looking to diversify their fixed income exposure beyond traditional bonds.