# John Hancock Financial Opportunities Fund (BTO): Closed-End Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/bto for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: John Hancock · Asset class: Equity - Strategy: Actively Managed · Inception: 1994-08-16 John Hancock Financial Opportunities Fund is a closed-ended equity mutual fund launched and managed by John Hancock Investment Management LLC. It is co-managed by John Hancock Asset Management. The fund invests in the public equity markets across the globe. It seeks to invest in the stocks of companies operating across the financial services sector. The fund invests in companies across all market capitalizations. It benchmarks the performance of its portfolio against the S&P Composite 1500 Banks Index. The fund was formerly known as John Hancock Bank and Thrift Opportunity Fund. John Hancoc... ## Key Facts | Metric | Value | |---|---| | Price | $37.32 | | Expense Ratio | 2.42% | | Market Value | $739.6M | | NAV | Not on file (no daily NAV for closed-end funds) | | Holdings Count | — | | Distribution Yield (TTM) | 6.97% | | Annual Distribution (TTM) | $2.60 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $32.01 – $42.00 | | Beta | 0.95 | ## Latest Distribution - Amount: $0.6500 /share - Ex-date: 2026-09-11 - Pay date: 2026-09-30 ## Frequently Asked Questions ### What does BTO invest in? John Hancock Financial Opportunities Fund is a closed-ended equity mutual fund launched and managed by John Hancock Investment Management LLC. It is co-managed by John Hancock Asset Management. The fund invests in the public equity markets across the globe. It seeks to invest in the stocks of companies operating across the financial services sector. The fund invests in companies across all market capitalizations. It benchmarks the performance of its portfolio against the S&P Composite 1500 Banks Index. The fund was formerly known as John Hancock Bank and Thrift Opportunity Fund. John Hancock Financial Opportunities Fund was formed on August 23, 1994 and is domiciled in the United States. ### What is the expense ratio of BTO? John Hancock Financial Opportunities Fund (BTO) charges an expense ratio of 2.42%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is BTO? John Hancock Financial Opportunities Fund (BTO) has a market value of $739.6M: its share price times its shares outstanding. A closed-end fund trades above or below its net asset value, so its net assets differ from this figure. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is BTO actively managed or an index fund? BTO is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (BTO's is 2.42%) in exchange for the discretion to over- or under-weight positions. ### When was BTO launched? John Hancock Financial Opportunities Fund (BTO) launched in August 1994 and is managed by John Hancock. ### How has BTO performed? BTO's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does BTO pay a dividend? John Hancock Financial Opportunities Fund (BTO) currently distributes little or no income. Trailing-twelve-month yield is 6.97%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does BTO pay dividends? John Hancock Financial Opportunities Fund pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is BTO's dividend yield? BTO's trailing-twelve-month yield is 6.97%, calculated from the sum of dividends over the past year divided by the current price. ### When is BTO's next ex-dividend date? The most recently announced ex-dividend date for BTO was 2026-09-11. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will BTO's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 2.42% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does BTO charge its expense ratio? The expense ratio is deducted in tiny daily slices from BTO's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does BTO cost more than a fund like VOO? BTO is actively managed (current expense ratio 2.42%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether BTO's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to BTO? The Lower-Fee Alternatives card above lists closed-end funds following the same investment strategy as BTO (2.42%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/bto - Distribution history: https://www.dividenddata.com/funds/bto/dividend - Holdings & diversification: https://www.dividenddata.com/funds/bto/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/bto/expenses - Peer comparison: https://www.dividenddata.com/funds/bto/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.