John Hancock Premium Dividend Fund

Frequently Asked Questions About PDT

What does PDT invest in?

John Hancock Premium Dividend 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 of the United States. It seeks to invest in stocks of companies operating across diversified sectors, with an emphasis on the utilities sector. The fund primarily invests in dividend paying preferred stocks and common stocks of companies. It benchmarks the performance of its portfolio against a composite benchmark comprised of 70% Bank of America Merrill Lynch Preferred Stock DRD Eligible Index and 30% S&P 500 Utilities Index. The fund was formerly known as John Hancock Patriot Premium Dividend Fund II. John Hancock Premium Dividend Fund was formed on December 21, 1989 and is domiciled in the United States.

What is the expense ratio of PDT?

John Hancock Premium Dividend Fund (PDT) charges an expense ratio of 4.32%. This is the annual fee deducted from fund assets to cover management and operations.

What is PDT's dividend yield?

PDT's trailing-twelve-month yield is 7.72%, calculated from the sum of dividends over the past year divided by the current price.

How big is PDT?

John Hancock Premium Dividend Fund (PDT) manages $634.3M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is PDT actively managed or an index fund?

PDT is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (PDT's is 4.32%) because there's no security selection cost.

When was PDT launched?

John Hancock Premium Dividend Fund (PDT) launched in December 1989 and is managed by the fund issuer.