CEF Advisors

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John Hancock Hedged Equity & Income Fund (HEQ)

Specialty Equity Funds - Covered Call Funds

Data as of July 7, 2020
Current
Market Price $11.64 (+ $0.03)
NAV (July 7, 2020) $11.91 (- $0.10)
Premium / Discount -2.27% (+1.06%)
Fund Info
Inception May 26, 2011
Sponsor John Hancock Advisers
Website www.jhinvestments.com/...
Phone 800-338-8080
NAV Symbol XHEQX
Objective: Current income and gains and long-term capital appreciation; equity and equity-related securities
Related Indexes
High Income Index
Covered Call / Option Funds Index
Capital & Leverage
Outstanding Shares 12,223,813
Total Assets (Reported: Dec. 31, 2019) $182M
Estimated Total Assets $146M
Net Assets $146M
Market Cap $142M
Purchases Turnover 92.71%
Sales Turnover 102.24%
Total Leverage 0.00%
Structural Leverage (out of total) 0.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 1.15%
Non Lev Exp Ratio 1.15%
Rel Lev Cost %
Discount Data
Average Discount (3 Yr) -3.57%
Discount Low(3 Yr) -21.12%
Discount High(3 Yr) 5.07%
Discount Rel Range 71.98%
Comp Discount 3.89
Discount St Dev (1Yr) 4.03
Z-Stat
Z-Stat (6mo) 0.43
Z-Stat (1Yr) 0.50
Z-Stat (3Yr) 0.37
Comp Z-Stat (6mo) 0.65
Comp Z-Stat (3Yr) 1.25
Distribution Data
Market Yield 9.97%
Income Yield 3.39%
Lev Adj NAV Yield 9.74%
Distribution Frequency Q
Current Distribution $0.290
Current Income $0.099
Ex-Date 9/10/20
Payable Date 9/30/20
Div Growth (3yr) -22.87%
Dividend Change -22.9% on 6/25/20
Expected Div 9/1/20
RoC (1yr) 46.01%
RoC (3yr) 29.11%
Tax Dividend Data 2019 2017 - 2019
Income 44.9% 49.1%
ST Gains 0% 0%
QDI 34.8% 33.9%
LT Gains 0% 26.9%
RoC 55.1% 24.0%
Volume & Liquidity
Average Daily $ (M) $764
Avg Volume 30 day 61,454
Avg Volume 90 day 65,674
Volume Trend -6.43%
Comp Volume Trend 0.43%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
91.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
96.0%
Price Correlation (1yr)
vs. CEFA's Covered Call / Option Funds Index
97.0%
Most Correlated Peer (Mk Pr): DIAX 96.0%
NAV - Price Correlation (30 d) 87.6%
NAV - Price Correlation (90 d) 86.4%
NAV - Price Correlation (1 Yr) 97.2%
Price St Dev (1Yr) 38.9%
NAV St Dev (1Yr) 21.6%
Earnings
Earnings / Share (3/31/20) $0.115
Earn Coverage 39.66%
Earnings Trend Down
UNII / Share (12/31/19) $-0.219
Rel UNII -55.55
UNII Trend Down
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
0.64
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.75
NAV Beta (2yr)
vs. CEFA's Covered Call / Option Funds Index
0.73

DISCLOSURES:

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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

This material is presented for informational purposes only. Under no circumstances is it to be considered an offer to sell, or a solicitation to buy any investment referred to on this page. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and it should not be relied upon as such. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. Returns are presented gross of investment management fees and other appropriate fees (i.e. commissions, custodial fees, etc.).

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