XHPIX

About XHPIX

John Hancock Preferred Income Fund is a diversified mutual fund specializing in the management of a substantial portfolio of preferred securities. The fund’s primary objective is to deliver a high level of current income while also aiming to preserve capital. To achieve this, it typically allocates at least 80% of its assets to preferred stocks and similar instruments, including convertible preferred securities, with holdings spanning a broad range of industries in the United States. Managed by experienced portfolio managers, John Hancock Preferred Income Fund currently oversees hundreds of millions of dollars in assets and maintains a diverse base of over 150 holdings, reflecting a commitment to sector diversification and comprehensive risk management. The fund’s structure as a mutual fund provides investors with access to a regularly managed and income-focused vehicle, often favored by those seeking a steady distribution stream and relative stability. Its significance in the market lies in its role as a bridge between fixed income and equity, utilizing the characteristics of preferred securities to balance income generation with capital preservation considerations.