Vmbook Online ordering

John Hancock Preferred Income Fund Iii

John Hancock Preferred Income Fund III (ticker: JHPIX) is a closed-end investment company that is focused on providing current income and capital appreciation by investing primarily in preferred stocks and other fixed income securities. The fund is managed by John Hancock Fund Management, LLC, which is a subsidiary of Manulife Investment Management US LLC.

As of the most recent quarterly report (as of October 31, 2021), the fund's net assets were approximately $1.3 billion, and it had an annualized total return of 9.91% over the previous 12 months. The fund's annualized total return for the past 5 years was 6.53% and for the past 10 years was 7.51%.

The top 3 sectors of the fund are: Finance, Utilities and REITs. The fund aims to provide a high level of current income while maintaining a focus on capital preservation, the fund will seek to achieve its investment objective by investing at least 80% of its net assets, plus any borrowings for investment purposes, in preferred stocks and other fixed income securities.

JHPIX pays a monthly distribution to shareholders, the current 12-month yield is around 6.5% the fund has a relatively high distribution rate, which is a reflection of the high yields offered by many preferred stocks.

However, it is important to note that past performance is not indicative of future results and the fund may not always be able to maintain its distribution rate, particularly in a rising interest rate environment. Additionally, preferred stocks generally have a lower claim on a company's assets and earnings than bonds and therefore have a higher degree of credit risk.

It's always recommended to consult with a financial advisor for more specific and personalized advice before making investment decisions.