John Hancock Tax-Advantaged Dividend Income Fund

John Hancock Tax Advantaged Dividend Fund operates as a closed-end investment fund/investment trust. It seeks to provide a high level of after-tax total return from dividend income and capital appreciation by investing its assets in dividend-paying common and preferred securities. The firm investment management services are provided through John Hancock Advisers, Inc. The company was founded in 2004 and is headquartered in Boston, MA.

Aberdeen Standard Global Infr Inc Fd

BlackRock Innovation & Growth Trust

BlackRock Science & Technology

BlackRock Science and Technology Trust II

John Hancock Financial Opportunities Fund

Gabelli Dividend & Income Trust

PIMCO Dynamic Credit and Mortgage Income Fund

PIMCO Dynamic Income Fund

PIMCO Dynamic Income Opportunities Fund

Cohen & Steers Reit And Preferred Income Fund Inc

Financial Select Sector SPDR Fund

It has been a few months since taking a look at my top ten holdings, time for an update. In general, it has been an excellent year for the broader market and for my portfolio that tends to lean heavier into equities.

Top 10 Closed-End Fund Holdings

HTD has delivered attractive returns for investors throughout 2021 as we wind the year down. Despite these attractive moves, the share price has moved to a greater extent than the underlying NAV meaning the discount isn't where it once was.

HTD: Delivering Strong Results In 2021, Reliable Distribution

Virtus Stone Harbor Emerging Markets Income Fund 

Invesco High Income 2023 Target Term Fund

Virtus AllianzGI Convertible & Income Fund

Virtus AllianzGI Convertible & Income Fund II

Pimco California Municipal Income Fund II

Pimco California Municipal Income Fund

John Hancock Premium Dividend Fund

Pimco California Municipal Income Fund III

Steadily lower yields and heightened volatility make relative value opportunities an attractive alpha generation strategy in CEFs.

Relative Value CEF Opportunities: More Alpha In A Less Beta Environment

Virtus AllianzGI Diversified Income & Convertible Fund

Virtus Artificial Intelligence & Technology Opportunities Fund

Blackrock Core Bond Trust

Blackrock Health Sciences Trust

BlackRock Utilities Infrastructure & Power Opportunities Trust

Calamos Dynamic Convertible & Income Fund

Calamos Convertible And High Income Fund

BlackRock Enhanced Capital and Income Fund

Calamos Strategic Total Return Fund

Flaherty & Crumrine Dynamic Preferred & Income Fund

DoubleLine Income Solutions Fund

Eaton Vance Enhanced Equity Income Fund II

Eaton Vance Tax-Advantaged Global Dividend Income Fund

Eaton Vance Tax Advantaged Global Dividend Opportunities Fund

Eaton Vance Tax-Advantaged Dividend Income Fund

GGM Macro Alignment ETF

Macquarie Global Infrastructure Total Return Fund Inc

Nuveen Select Tax-Free Income Portfolio

PIMCO Corporate & Income Strategy Fund

Cohen & Steers Select Preferred and Income Fund

A reliable selection criterion for building a portfolio of funds that are likely to produce above-average returns over the long haul is the goal of every CEF investor. For me, the flexible combination of a positive NAV since inception, discount on NAV, and leverage represents a practical rule of thumb for long-term CEF investing.

CEF Focus Investing - My Rule Of Thumb In Action

Investors have been continuing to struggle with the current low interest rate environment as it renders it difficult to get any degree of income.

HTD: A Solid Income Fund With Improving Valuation

PIMCO Corporate & Income Opportunity Fund

Cohen & Steers Quality Income Realty Fund

Cohen & Steers Infrastructure Fund Inc

Reaves Utility Income Fund

In the years since I first discovered CEFs, I have focused on formulating the best selection criteria for building a portfolio of reliable securities over time. I have developed a personal rule of thumb for long-term CEF investing, obtained by the flexible combination of three basic parameters: positive NAV since inception, discount on NAV, and leverage.

A Rule Of Thumb For Long-Term CEF Investing

Eaton Vance Short Duration Diversified Income Fund

Clough Global Equity Fund

Clough Global Dividend and Income Fund

Neuberger Berman Real Estate Securities Income Fund Inc

There is no "one size fits all" approach to when to sell, much like investing, in general.

No Easy Answer When It Comes Time To Sell A Closed-End Fund

Aberdeen Income Credit Strategies Fund

Apollo Tactical Income Fund, Inc.

Alpine Total Dynamic Dividend Fund

Barings Global Short Duration High Yield Fund

Blackstone Long-Short Credit Income Fund

BlackRock Credit Allocation Income Trust

Credit Suisse Asset Management Income Fund

Doubleline Opportunistic Credit Fund

BNY Mellon High Yield Strategies Fund 

DoubleLine Yield Opportunities Fund

Western Asset Global High Income Fund

Western Asset Emerging Markets Debt Fund

First Trust MLP & Energy Income Fund

PGIM Global High Yield Fund

Western Asset High Income Opportunity Fund Inc

Western Asset High Income Fund

Pioneer Diversified High Income Trust

John Hancock Preferred Income Fund

PGIM High Yield Bond Fund

RiverNorth Capital and Income Fund

Only funds with yields over 7%, coverage higher than 85% and trading at under a +5% premium are considered. Top lists of discount, yield, DxY and DxYxZ are given.

The 'High-High-Low' Closed-End Fund Report, August 2021

Credit Suisse X-Links Gold Shares Covered Call ETN

JPMorgan Equity Premium Income ETF

NEOS Nasdaq-100 Hedged Equity Income ETF

Invesco CEF Income Composite ETF

Global X NASDAQ 100 Covered Call ETF

Global X Russell 2000 Covered Call ETF

Global X Superdividend ETF

Credit Suisse X-Links Silver Shares Covered Call ETN

Credit Suisse X-Links Crude Oil Shares Covered Call ETN

Global X S&P 500 Covered Call ETF

YieldShares High Income ETF

If rationality is the winning weapon of the Capricorn, I hope it will help me in the field of finance, preventing me from acting on impulse in the short term. One of my recent decisions was to reduce my Cupolone Income Portfolio to 12 CEFs by liquidating my entire position in RNP.

My Income Portfolio - Opinions Of A Capricorn

Saba Closed-End Funds ETF

Navistar

The Net Asset Value (NAV) for a CEF remains, for me, a primary measure of its overall health.

My Income Portfolio - NAV Of My Life

The latest Semi-Annual Report is now available from John Hancock for the period ending April 30th, 2021. HTD is a steady portfolio that is mostly overweight to utility equities, though preferred and corporate bonds also make up sizeable portions of their portfolio.

HTD: Attractive Monthly Income - 6.65% Distribution Yield

Dividend investing is a popular strategy for investors seeking both income and inflation protection. HTD invests in a portfolio of dividend-paying stocks, primarily utilities, in order to provide investors pursuing this strategy with a one-stop solution.

HTD: Great Dividend CEF But Incredibly Expensive

J.P. Morgan Alerian MLP Index ETN

MFS Investment Grade Municipal Trust

First Trust Senior Floating Rate Income Fund II

John Hancock Tax-Advantaged Global Shareholder Yield Fund

Nuveen Mortgage Opportunity Term Fund

Kayne Anderson Midstream/Energy Fund Inc.

Kayne Anderson MLP Investment

VanEck CEF Municipal Income ETF 

We review CEF market valuation and performance over the past week and highlight recent events. We discuss news and market action across a number of funds such as FCT, UTG, KYN, KMF, RTAI, and others.

CEF Weekly Market Review: Another Strong Month

BOSTON, June 24, 2021 /PRNewswire/ - The John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD) and the John Hancock Tax-Advantaged Global Shareholder Yield Fund (NYSE: HTY) (collectively, the "Funds"), each advised by John Hancock Investment Management LLC (the "Adviser"), announced today that the Board of Trustees (the "Board") has approved a change to the Funds' investment policies. HTD is currently subadvised by Manulife Investment Management (US) LLC, with an options strategy subadvised by Wells Capital Management, Inc ("Wells").

John Hancock Tax-Advantaged Dividend Income Fund and John Hancock Tax-Advantaged Global Shareholder Yield Fund Announce Investment Policy Change

Virtus AllianzGI Equity & Convertible Income Fund

Liberty All Star Equity Fund

The once unthinkable has happened: AT&T﻿, a Dividend Aristocrat that increased payouts for 30 years, said it will cut its payout nearly in half.

Forget AT&T: These 3 Reliable Dividends Pay Up To 9.8%

Ares Dynamic Credit Allocation Fund

Eagle Point Credit

Eaton Vance Tax-Managed Global Diversified Equity Income Fund

Clough Global Opportunities Fund

KKR Income Opportunities Fund

Barings Corporate Investors

Oxford Lane Capital

XAI Octagon Floating Rate & Alternative Income Term Trust

When I started in the financial business, calculators were few and far between, and pencil and paper were our primary analytical tools. Forget about computers and spreadsheets.

From Slide Rules To Spread Sheets: Coping With 'Analytic Overload'

HTD has been paying investors a monthly income since its inception in 2004.

HTD: ~7% Yield With A Solid Track Record

HTD has an attractive 7.26% yield, but only if it is sustainable. I continue a series where I look beyond the yield of a CEF to determine if it is a good long term source of income.

Evaluating CEFs: With A Yield Over 7% HTD Is Attractive

Looking at 4 funds that I picked up as we entered the bear market a year ago.

4 Closed-End Fund Bear Market Buys - Revisiting Where They Are Now

HTD is a solid CEF that will likely prove very attractive to those investors that are interested in the dividend growth strategy. The fund is heavily weighted towards utilities, which is nice because these tend to be very stable entities that slowly increase their dividends.

HTD: A Solid 7.37% Yield Available At A Very Attractive Price

HTD recently released their Annual Report for the period ending October 31st. This will give us insights into the last year of how the fund has operated through the pandemic.

HTD: Tax-Advantaged Income At A Discount

Pimco Income Opportunity Fund

Last year was tough for everyone, including investors. Staying afloat in the financial markets involved considerable effort. Having reached the end of a troubled 2020, it is time to take stock of how the funds in my portfolio performed.

My Income Portfolio - Investing Wearies

BlackRock Enhanced Equity Dividend Trust

Eaton Vance Tax-Advantaged Bond & Opportunity Stategies Fund

SPDR S&P 500 ETF Trust

Some readers had showed interest in hearing what my personal top ten positions are. Using Portfolio Visualizer's tools looking through my top ten can provide some interesting data.

Top 10 Closed-End Fund Positions

HTD remains at an attractive level to potentially add to one's portfolio. Their emphases on being 'tax-advantaged' can be beneficial for those holding in a taxable account.

HTD: Utility/Preferred Fund With An Attractive 7.8% Yield

The John Hancock Tax-Advantaged Dividend Income Fund has underperformed the S&P 500 in the long term. About 91% of the CEF's total assets are parked in utilities, energy, and financial sectors, which witnessed substantial price erosion in 2020.

John Hancock Tax-Advantaged Dividend Income Fund: Yield Vs. Momentum

News for John Hancock Tax-Advantaged Dividend Income Fund ETF (HTD)