HPS: Extremely Expensive Preferred Stock Fund That May Be Riskier Than Assumed [Seeking Alpha]
John Hancock Preferred Income Fund III Preferred Income Fund III (HPS)
US:NYSE Investor Relations:
jhinvestments.com/fund/overview.aspx?producttype=closedend&fundid=34300&classcode=ce
Company Research
Source: Seeking Alpha
The HPS closed-end fund has a relatively high yield compared to its peers and has outperformed the bond market and preferred stock index over the past few months. The fund's asset allocation consists of a combination of preferred stocks and bonds. This is not a pure preferred stock fund, as is commonly assumed. The HPS fund's share price has been substantially outperforming the underlying portfolio, which could pose risks as the recent CPI report threatens the rate cut narrative. The fund is trading at a substantial premium that, when combined with the monetary policy risks, makes it very difficult to recommend for new buyers today. Looking for a helping hand in the market? Members of Energy Profits in Dividends get exclusive ideas and guidance to navigate any climate. Learn More » The John Hancock Preferred Income Fund III NYSE: HPS ) is a closed-end fund, or CEF, that income-focused investors can employ as a method of achieving their goals of receiving a high level of cur
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Sec Filings
- 4/4/24 - Form N-CSRS
- 4/4/24 - Form N-CSRS
- 3/29/24 - Form NPORT-P
- HPS's page on the SEC website