John Hancock Financial Opportunities Fund
Find Ratings Reports- Last Ratings Update:02/29/2024
- Price as of 02/29/2024 :$28.56
- Net Assets:$632 Million
- NAV:$28.37
- Premium0.67%
- Peer Rank:28 of 35
- Investment Rating:D
- Performance:D
- RiskC+
We rate J Hancock Financial Oppotunities at D. Negative factors that influence this rating include a high expense structure. The fund invests approximately 97% of its assets in stocks and may be considered for investors seeking a Sector - Financial Services strategy.
Total return ranks below peers over the last three years. The J Hancock Financial Oppotunities has returned an annual rate of 9.65% since inception. More recently, the fund has generated a total return of 4.55% in the last five years, -1.64% in the last three years, and -11.42% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 45% of them. It has also outpaced 26% of its competitors on a three year basis and 5% of them over the last year for the period ending 2/29/2024. On a year to date basis, BTO has returned -5.39%.
Downside risk has been above average. BTO has a draw down risk of -49.63%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 30.9%. This fund has experienced excessive volatility in its monthly performance over the last 36 months.
High expense ratio hinders performance. On total assets of $632.00 million, BTO maintains a high expense ratio compared to its Sector - Financial Services peers of 2.96% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As BTO is a closed end fund, it has no front end or back end load.
Manager tenure is a net positive but performance record lags managerial peers. Substandard fund managers tend to be replaced, so a long tenure is usually a good sign that a fund is achieving its objectives. The J Hancock Financial Oppotunities has been managed by Susan A. Curry for the last 20 years. Over that period, the manager was able to capture more actual gains in excess of the expected return than just 19% of other fund managers.