John Hancock Investments - Preferred Income ETF
$22.09−0.14 (−0.63%)
- Expense ratio
- 0.54%
- Fund size
- $220M
- 1Y return
- +0.9%
- Yield · Last 12 months
- 6.05%
- Holdings
- 213
- Volume · 30D
- 0M sh
- NAV per share
- $22.18
- 52W range
The ETF.net JHPI Grade
Score 60 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.CScore 47Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 89Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 61Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 34Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 83Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 42Category rank
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
- Financials42.8%
- Utilities39.7%
- Communication7.1%
- Technology6.2%
- Energy4.2%
Geography
- United States79.82%
- Canada10.47%
- France2.41%
- Japan2.20%
- Bermuda1.44%
- Germany1.26%
- Switzerland1.24%
- Spain0.93%
- 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.
Returns run to the Sep 22, 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 | +0.7% |
| 1 month | −0.6% |
| 3 months | −1.0% |
| 1 year | +0.9% |
| 3 years | +8.2% |
| 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 | +0.7% | |
| 2025 | +7.4% | |
| 2024 | +10.6% | |
| 2023 | +7.2% | |
| 2022 | −9.5% | |
| 2021 | +0.6% |
JHPI in the news
ETF.net Research hasn’t filed on JHPI yet — coverage lands here as it’s written.
JHPI Dividends
- 6.05%
- $1.35
- $0.09 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 27, 2026 | Aug 31, 2026 | $0.09 |
| Jul 29, 2026 | Jul 31, 2026 | $0.14 |
| Jun 26, 2026 | Jun 30, 2026 | $0.12 |
| May 27, 2026 | May 29, 2026 | $0.06 |
| Apr 28, 2026 | Apr 30, 2026 | $0.15 |
| Mar 27, 2026 | Mar 31, 2026 | $0.12 |
| Feb 25, 2026 | Feb 27, 2026 | $0.04 |
| Jan 28, 2026 | Jan 30, 2026 | $0.05 |
| Dec 29, 2025 | Dec 31, 2025 | $0.23 |
| Nov 24, 2025 | Nov 26, 2025 | $0.09 |
| Oct 29, 2025 | Oct 31, 2025 | $0.14 |
| Sep 26, 2025 | Sep 30, 2025 | $0.11 |
JHPI Risk
- 6.1%
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.
- 0.61
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
- The middle half of Preferred Securities funds
- Median 0.50%
16 of the 31 Preferred Securities funds charge less.