JHPI Fees and Costs — John Hancock Preferred Income ETF
Data updated: 2026-08-27
The net expense ratio is 0.54%: a 0.49% management fee plus 0.17% other expenses, less a 0.12% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $2K in broker commissions, 0.0019% of average net assets, and portfolio turnover was 22%.
JHPI Fees and Expenses
Annual operating expenses and sales charges of JHPI. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.49% |
| 12b-1 fee | — |
| Other expenses | 0.17% |
| Gross expense ratio | 0.66% |
| Fee waiver | −0.12% |
| Net expense ratio | 0.54% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
JHPI Costs Over Time
On $10,000 invested in JHPI, assuming 5% a year before costs, total costs come to $342 over 5 years, cutting the return by 0.57% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.54%) | $57 | $178 | $310 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $9 | $31 |
| Total costs | $57 | $187 | $342 |
| Value after costs | $10,443 | $11,389 | $12,421 |
| Impact on return, per year | 0.57% | 0.57% | 0.57% |
JHPI Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0019%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $275.9M
- Portfolio turnover (prospectus): 22%
- Securities lending: none during the year
JHPI Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS AG | $1K | 48.16% |
| Royal Bank of Canada | $416 | 19.51% |
| Pershing LLC | $243 | 11.38% |
| Liquidnet, Inc. | $237 | 11.10% |
| J.P. Morgan Securities LLC | $210 | 9.84% |
JHPI Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $133.0M | 57.32% |
| UBS AG | $22.4M | 9.64% |
| Pershing LLC | $15.4M | 6.63% |
| Wells Fargo Securities, LLC | $12.4M | 5.33% |
| Morgan Stanley & Co. LLC | $10.5M | 4.52% |
| J.P. Morgan Securities LLC | $9.5M | 4.07% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $9.3M | 4.00% |
| Jane Street Execution Services, LLC | $9.0M | 3.88% |
| Barclays Bank PLC | $5.6M | 2.43% |
| Royal Bank of Canada | $5.1M | 2.18% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.