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ETFs

John Hancock Preferred Income ETF

JHPI
$--
Today’s Change
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Snapshot
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Inception Date
Dec 14 2021
Expense Ratio
0.54%
Type
Preferred
Fund Owner
John Hancock Funds
Volume (1m avg. daily)
$72,613
AUM
$32,452,737
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No

Top 10 Holdings

ETE5163035
ENERGY TRANSFER LP UNITED STATES OF AMERICA (THE) 865000.000
2.16%
NEE/PR/R
NextEra Energy Inc - Unit ( 6.926% Corporate Units 01/09/2025)
2.01%
AQNA
Algonquin Power & Utilities Corp - FXDFR NT REDEEM 17/10/2078 USD 25
1.98%
CPRN
Citigroup Capital XIII - FXDFR PFS REDEEM 30/10/2040 USD 25
1.79%
WFC/PR/Z
Wells Fargo & Co. - 4.75% PRF PERPETUAL USD 25 - Dp 1/1000 Sr Z Cl A
1.64%
NI/PR/B
NiSource Inc - FXDFR PRF PERPETUAL USD 25 - Ser B 1/1000
1.62%
TD5487531
TORONTO DOMINION BANK UNITED STATES OF AMERICA (THE) 505000.000
1.57%
AQNB
Algonquin Power & Utilities Corp - FXDFR NT REDEEM 01/07/2079 USD 25
1.49%
RZC
Reinsurance Group Of America, Inc. - FXDFR DB REDEEM 15/10/2052 USD 25
1.47%
ATH/PR/E
Athene Holding Ltd - FXDFR PRF PERPETUAL USD 25 - Ser E 1/1000th Int
1.46%
Invest with JHPI

What is JHPI?

The fund is an ETF, which is a fund that trades like other publicly-traded securities. The fund is not an index fund. The fund is actively managed and does not seek to replicate the performance of a specified index. Under normal market conditions, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in preferred stocks and other preferred securities. Preferred stocks and preferred securities include, but are not limited to, convertible preferred securities, corporate hybrid securities, Trust Preferred Securities (defined below), cumulative and non-cumulative preferred stock, and depositary shares of preferred stock. Preferred securities generally pay fixed or adjustable-rate distributions to investors and have preference over common stock in the payment of distributions and the liquidation of a company s assets, but are generally junior to all forms of the company s debt, including both senior and subordinated debt.

ETFs related toJHPI

ETFs correlated to JHPI include PFF, PGX, PSK

JHPI
John Hancock Exchange-Traded Fund Trust - John Hancock Preferred Income ETF
PFF
BlackRock Institutional Trust Company N.A. - iShares Trust iShares Preferred and Income Securities ETF
PGX
Invesco Capital Management LLC - Invesco Preferred ETF
PSK
SPDR Series Trust - SPDR ICE Preferred Securities ETF
PFFD
Global X Funds - Global X U.S. Preferred ETF
FPE
First Trust Exchange-Traded Fund III - First Trust Preferred Securities and Income ETF
PGF
Invesco Capital Management LLC - Invesco Financial Preferred ETF
PFFA
ETFis Series Trust I - Virtus InfraCap U.S. Preferred Stock ETF
PFXF
VanEck ETF Trust - VanEck Preferred Securities ex Financials ETF
VRP
Invesco Capital Management LLC - Invesco Variable Rate Preferred ETF
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

JHPI is a Preferred ETF. The fund is an ETF, which is a fund that trades like other publicly-traded securities. The fund is not an index fund. The fund is actively managed and does not seek to replicate the performance of a specified index. Under normal market conditions, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in preferred stocks and other preferred securities. Preferred stocks and preferred securities include, but are not limited to, convertible preferred securities, corporate hybrid securities, Trust Preferred Securities (defined below), cumulative and non-cumulative preferred stock, and depositary shares of preferred stock. Preferred securities generally pay fixed or adjustable-rate distributions to investors and have preference over common stock in the payment of distributions and the liquidation of a company s assets, but are generally junior to all forms of the company s debt, including both senior and subordinated debt.

JHPI dividend information: Preferred Stock. Dividend payouts may vary in terms of frequency of payouts.

Yes, JHPI is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, JHPI is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on JHPI is 0.005%. This is the percent change in the value of JHPI over the most recent 1-month period. The 3-month return on JHPI is 0.0106%. This is the percent change in the value of JHPI over the most recent 3-month period.

The standard deviation of JHPI for the past year is 0.0899%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to JHPI include QAI, PCEF, and MLPA.

ETFs correlated to JHPI include PFF, PGX, and PSK.

ETFs that are inversely correlated to JHPI include HDGE, RWM, and FAZ.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.