Welcome to our dedicated page for JH Preferred Income III SEC filings (Ticker: HPS), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
discover our different approach. john hancock investments is a premier asset manager representing one of america’s most trusted brands, with a heritage of financial stewardship dating back to 1862. as a manager of managers, we search the world to find proven portfolio teams with specialized expertise for every fund we offer, then apply vigorous investment oversight to ensure they continue to meet our uncompromising standards. our unique approach to asset management has led to a diverse set of investments deeply rooted in investor needs, along with strong risk-adjusted returns across asset classes. we think it’s a better way to invest. • more than $148 billion in assets under management • 27 distinct asset managers (26 unaffiliated with john hancock) • 71 proven portfolio teams, each with a distinct philosophy and approach • 114 different investment strategies* *includes direct sold and underlying strategies, including etfs • 45 funds rated 4 or 5 stars by morningstar at the highest-ratJohn Hancock Preferred Income Fund III (HPS) filed its monthly Form N-PORT for the period ended 30 Apr 2025.
Total assets were $720.5 million against liabilities of $279.7 million, leaving net assets of $440.8 million. Short-term borrowings from banks account for $274.3 million, implying effective leverage of roughly 39% of total assets.
Risk metrics show the portfolio remains interest-rate sensitive: a 100 bp parallel shift (DV100) would reduce value by $11.8 million at the 10-year point and $10.7 million at the 5-year point. Credit-spread DV01 totals indicate modest but material spread risk, with investment-grade exposure losing $83.8 k per bp at 10 years.
Performance was mixed: the most recent month delivered a +3.58% total return, but the two prior months were negative (-1.78% and -2.90%). Derivative positions (interest-rate swaps) produced consistent unrealized losses (-$0.55 m, -$0.20 m, -$0.69 m over the three months). Non-derivative investments added $4.0 m unrealized gain in Month 1 but saw sizeable unrealized losses (-$13.4 m, -$8.2 m) in Months 2 and 3.
No assets are held through controlled foreign corporations, and no preferred shares are outstanding. The filing is not marked as final.
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