Written by Nick Ackerman, co-produced by Stanford Chemist
John Hancock Tax-Advantaged Dividend Income Fund (HTD) holds a hybrid blend of utility positions and financials. The financial exposure is primarily through preferred offerings. This makes HTD a rather income-focused play. Though, this year they have struggled along with the utility and financial sectors. Adding in the leverage and we see that HTD has experienced much greater downside.
One thing that caught my attention is when we last covered Flaherty & Crumrine Total Return Fund (FLC) recently, that their preferred positions are doing