#United States #Boston #John Hancock #Closed-End Funds #Portfolio Management

Recent Changes in John Hancock's Portfolio Management Teams

On October 30, 2025, John Hancock Investment Management LLC made significant transitions within its portfolio management teams overseeing select closed-end funds. This announcement has created a buzz among investors and stakeholders alike, reiterating the company’s commitment to enhancing fund performance and management oversight.

Funds Affected by the Changes

The adjustments will impact several funds, including:

• - John Hancock Preferred Income Fund (NYSE: HPI)
• - John Hancock Preferred Income Fund II (NYSE: HPF)
• - John Hancock Preferred Income Fund III (NYSE: HPS)
• - John Hancock Premium Dividend Fund (NYSE: PDT)
• - John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD)
• - John Hancock Income Securities Trust (NYSE: JHS)

Each of these funds has been guided by the Adviser, John Hancock Investment Management, while also benefiting from the expertise of the sub-advisor Manulife Investment Management (US) LLC.

Key Personnel Changes

Effective immediately, Caryn E. Rothman, CFA, and Jonas Grazulis, CFA, will step away from their roles as portfolio managers for the aforementioned preferred income funds. Joseph H. Bozoyan, CFA, and James Gearhart, CFA, will now helm these funds, continuing their dedicated management.

Furthermore, in relation to the John Hancock Income Securities Trust, it was announced that Howard Greene will conclude his role as a portfolio manager effective December 31, 2027. At the same time, Jeffrey N. Given, CFA, Pranay Sonalker, CFA, Spencer Godfrey, CFA, and Connor Minnaar, CFA, will persist in their portfolio management roles.

Implications for Investors

The announcement comes with a forward-looking perspective, cautioning investors regarding the uncertainties that can impact the alignment of expectations with actual results. The company urged investors to judiciously consider each fund's objectives, risks, charges, and expenses prior to investment.

The Philosophy Behind the Changes

John Hancock Investment Management is known for its unique multimanager approach which combines robust in-house capabilities with a network of specialized asset managers. This approach enhances their product offerings, allowing them to provide a diversified portfolio backed by rigorous investment oversight. The organization emphasizes its heritage of financial stewardship, aiming to maintain high standards of performance across its range of investments.

John Hancock, alongside Manulife Investment Management, leverages over a century of experience in financial management to empower individuals, institutions, and retirement plan members worldwide. With headquarters in Toronto and a global presence across 18 regions, they seek to innovate responsibly while supporting sustainable investing practices.

Conclusion

As these leadership transitions unfold, investors are encouraged to stay informed about their investments and consider the impact of such changes. John Hancock's pledge to enhance fund management reflects their ongoing commitment to providing quality investment service and stewardship for their investors, ensuring their portfolios are managed with expertise and diligence. With trusted teams at the forefront, stakeholders can remain optimistic about the potential for growth and stability in their investments moving forward.

Additional Contact Information

For more details about these changes or any inquiries, the media contact for John Hancock Investment Management is:
Gordon Haight
Phone: (617) 572-0034
Investor assistance can be reached at:
(800) 843-0090

For insights into additional information about John Hancock and its product offerings, please visit their website.