Deep Dive
Financials drop 2.4% after the Fed's first hike since 2023 and a Bank of America fee warning
John Hancock Investments - Preferred Income ETF
$21.78+0.06 (+0.28%)
- 0.54%
- $221M
- −0.4%
- 6.17%
- 0M sh
- $21.69
- low $21.60high $23.56
The ETF.net JHPI Grade
B
Score 61 out of 100
- 9 of 31
Score 61 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C47 out of 100Rank 17 of 31Mission
Whether the fund did what it promised, tested against its stated mandate.A88 out of 100Rank 2 of 26Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B65 out of 100Rank 9 of 31Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D33 out of 100Rank 21 of 31Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A81 out of 100Rank 3 of 29Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C43 out of 100Rank 20 of 31
Our read on JHPI
BAn active take on preferred income: John Hancock's managers roam past plain-vanilla US preferreds into hybrid capital securities and overseas issues, and pay income out monthly. You pay up for the human hand on the wheel.
The fund seeks a high level of current income while preserving capital.
Why people hold it
- Actively managed rather than index-bound, so the team can pick across US and international preferreds and hybrid capital securities instead of owning whatever the benchmark prints.
- Income lands monthly, matching a stated objective of high current income while preserving capital.
- Spread across roughly a couple hundred holdings, so no single issuer's preferred stack carries the portfolio.
- The portfolio does what the prospectus says: a preferred-income mandate delivered with close fidelity, one of the tighter mandate matches in its peer group.
Worth knowing
- At 0.85% a year, it costs meaningfully more than the 0.49% median preferred fund, and cheaper rivals like PSK (0.45%) and PFFV (0.25%) rank near the top of the group.
- A smaller, moderately traded fund rather than a category heavyweight, so spreads can be wider than the biggest names in preferreds.
- Preferred and hybrid capital securities sit below bonds in the capital stack and lean heavily on financial issuers, which shapes how the fund behaves in rate and bank stress.
JHPI Holdings
- Bonds
- 213
- 12%
- Jh Ctf
Sectors
- Financials42.3%
- Utilities40.9%
- Communication8.1%
- Technology4.9%
- Energy3.9%
Geography
- United States79.60%
- Canada10.61%
- Japan2.42%
- France2.28%
- Bermuda1.42%
- Germany1.33%
- Switzerland1.21%
- Spain0.90%
- 0.24%
JHPI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
JHPI$9,959
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | JHPI |
|---|---|
| Year to date | −1.2% |
| 1 month | −1.9% |
| 3 months | −3.0% |
| 1 year | −0.4% |
| 3 years | +8.7% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | JHPI |
|---|---|---|
| 2026 YTD | −1.2% | |
| 2025 | +7.4% | |
| 2024 | +10.6% | |
| 2023 | +7.2% | |
| 2022 | −9.5% | |
| 2021 | +0.6% |
JHPI in the news
JHPI Dividends
- 6.17%
- $1.34
- $0.10 per share
- Monthly
Distribution history
JHPI Risk
- 6.3%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.52
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −13.5%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.79
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
JHPI Cost
0.54%
JHPI0.54%
- The middle half of Preferred Securities funds
- Median 0.50%
16 of the 31 Preferred Securities funds charge less.
Other funds in Preferred Securities
- BPFXFVanEck Preferred Securities ex Financials ETFExpense ratio 0.40%1 year return +5.0%
- BPGXInvesco Preferred ETFExpense ratio 0.50%1 year return −7.9%
- BFPEFirst Trust Preferred Securities and Income ETFExpense ratio 0.83%1 year return −0.5%
- BGPRFGoldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETFExpense ratio 0.45%1 year return −0.8%
- BPREFPrincipal Spectrum Preferred Securities Active ETFExpense ratio 0.55%1 year return +1.4%