John Hancock Diversified Income Fund

Frequently Asked Questions About HEQ

What does HEQ invest in?

John Hancock Hedged Equity & Income Fund is a closed-ended equity mutual fund launched and managed by John Hancock Investment Management LLC. The fund is co-managed by Wellington Management Company LLP. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It invests in stocks of companies across all market capitalizations. The fund also invests through derivatives such as call options and equity futures. John Hancock Hedged Equity & Income Fund was formed on May 26, 2011 and is domiciled in the United States.

What is the expense ratio of HEQ?

John Hancock Diversified Income Fund (HEQ) charges an expense ratio of 1.31%. This is the annual fee deducted from fund assets to cover management and operations.

What is HEQ's dividend yield?

HEQ's trailing-twelve-month yield is 8.76%, calculated from the sum of dividends over the past year divided by the current price.

How big is HEQ?

John Hancock Diversified Income Fund (HEQ) has a market value of $136.2M: 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 HEQ actively managed or an index fund?

HEQ is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (HEQ's is 1.31%) in exchange for the discretion to over- or under-weight positions.

When was HEQ launched?

John Hancock Diversified Income Fund (HEQ) launched in May 2011 and is managed by John Hancock.