John Hancock Tax Advantaged Dividend Income Fund of Beneficial Interest

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$21.41 -0.08 | -0.37%
Today's Range: 21.39 - 21.5984
Avg. Daily Volume: 0
03/21/18 - 4:02 PM ET
  • Last Ratings Update:02/28/2018
  • Price as of 02/28/2018 :$21.69
  • Net Assets:$935 Million
  • NAV:$23.27
  • Premium-6.79%
  • Peer Rank:169 of 286
  • Investment Rating:C
  • Performance:C
  • RiskB-
HTD Price Chart


We rate J Hancock Tax Advantage Div Income at C. Positive factors that influence this rating include a well above average total return and low price volatility. The fund invests approximately 61% of its assets in stocks and may be considered for investors seeking an Equity Income strategy.


Total return ranks very high in comparison with peers over the last three years. The J Hancock Tax Advantage Div Income has returned an annual rate of 9.93% since inception. More recently, the fund has generated a total return of 10.29% in the last five years, 9.46% in the last three years, and -4.18% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 73% of them. It has also outpaced 75% of its competitors on a three year basis and 12% of them over the last year for the period ending 2/28/2018. On a year to date basis, HTD has returned -11.65%.

Downside risk has been below average. HTD has a draw down risk of -17.93%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 13.2%. This fund has had moderate volatility in its monthly performance over the last 36 months. As of 2/28/2018, the fund was trading at a price of $21.69, which is 4.9% below its 52-week high of $22.80 and 3.3% above its 52-week low of $21.00.

High expense ratio hinders performance. On total assets of $935.00 million, HTD maintains a high expense ratio compared to its Equity Income peers of 1.96% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As HTD is a closed end fund, it has no front end or back end load.

Manager tenure and performance record are net positives. 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 Tax Advantage Div Income has been managed by Dennis M. Bein for the last 9 years. Over that period, the manager was able to capture more actual gains in excess of the expected return than 84% of other fund managers.

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