What is the Symbol for John Hancock's Tax-Advantaged Dividend Income Fund?

What is the Symbol for John Hancock's Tax-Advantaged Dividend Income Fund?

John Hancock's Tax-Advantaged Dividend Income Fund is a mutual fund that aims to provide investors with a tax-advantaged income stream. The fund invests in a diversified portfolio of dividend-paying stocks and uses various strategies to minimize taxes on dividends and capital gains.

Symbol and Performance

Thesymbolfor John Hancock's Tax-Advantaged Dividend Income Fund is HTD. As of March 31, 2021, the fund has a net asset value of $2.4 billion and has provided investors with a 10-year average annual return of 9.66%.

Investment Strategy

The fund's investment strategy is based on the belief that dividend-paying stocks can provide investors with a reliable income stream while offering the potential for long-term capital appreciation. The fund's portfolio managers select dividend-paying stocks from a variety of sectors and industries, with a focus on companies that have a history of increasing their dividends over time.

To minimize taxes on dividends and capital gains, the fund employs a variety of strategies, including tax-loss harvesting, dividend capture, and options trading. These strategies allow the fund to generate income while minimizing taxes, which can help investors keep more of their returns.

Investment Considerations

Investors considering John Hancock's Tax-Advantaged Dividend Income Fund should be aware of the risks associated with investing in dividend-paying stocks. While these stocks can provide a reliable income stream, they may not offer the same potential for capital appreciation as growth stocks. Additionally, the fund's tax-advantaged strategies may not always be effective, and investors may still be subject to taxes on their investment returns.

Overall, John Hancock's Tax-Advantaged Dividend Income Fund can be a good option for investors seeking a tax-advantaged income stream from dividend-paying stocks. However, investors should carefully consider their investment objectives and risk tolerance before investing in the fund.