# John Hancock Diversified Income Fund (HEQ): Closed-End Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/heq 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: 2011-05-27 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 Un... ## Key Facts | Metric | Value | |---|---| | Price | $11.21 | | Expense Ratio | 1.31% | | Market Value | $133.7M | | NAV | Not on file (no daily NAV for closed-end funds) | | Holdings Count | — | | Distribution Yield (TTM) | 8.92% | | Annual Distribution (TTM) | $1.00 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $10.50 – $12.00 | | Beta | 0.62 | ## Latest Distribution - Amount: $0.2500 /share - Ex-date: 2026-09-11 - Pay date: 2026-09-30 ## Frequently Asked Questions ### 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 8.92%, 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 $133.7M: 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. ### Does HEQ pay a dividend? Yes, John Hancock Diversified Income Fund (HEQ) distributes dividends to shareholders. The trailing-twelve-month yield is 8.92%. Full dividend history is on this page. ### How often does HEQ pay dividends? John Hancock Diversified Income Fund pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is HEQ's next ex-dividend date? The most recently announced ex-dividend date for HEQ 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 HEQ's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.31% 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 HEQ charge its expense ratio? The expense ratio is deducted in tiny daily slices from HEQ'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 HEQ cost more than a fund like VOO? HEQ is actively managed (current expense ratio 1.31%). 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 HEQ's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to HEQ? The Lower-Fee Alternatives card above lists closed-end funds following the same investment strategy as HEQ (1.31%) 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/heq - Distribution history: https://www.dividenddata.com/funds/heq/dividend - Holdings & diversification: https://www.dividenddata.com/funds/heq/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/heq/expenses - Peer comparison: https://www.dividenddata.com/funds/heq/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.