Closed-end management investment company investing primarily in income securities.
John Hancock Income Securities Trust stands as a pivotal player in the realm of closed-ended fixed income mutual funds, overseen and managed by John Hancock Investment Management LLC in collaboration with John Hancock Asset Management. Founded on February 14, 1973, and headquartered in the United States, the fund specializes in investments within the U.S. fixed income markets. Its primary focus lies in building a diversified portfolio consisting primarily of corporate and government bonds, typically with an average maturity of around 7.57 years.
The investment strategy of John Hancock Income Securities Trust centers on aligning its performance against the Lehman Brothers Government/Credit Bond Index, serving as a benchmark for evaluating its portfolio's performance relative to the broader bond market. This approach underscores the fund's commitment to achieving competitive returns while managing risk effectively. By leveraging the expertise of its management team and adhering to a disciplined investment approach, the fund aims to provide investors with stable income and potential capital appreciation over the long term.
With decades of operational experience and a robust track record, John Hancock Income Securities Trust remains a trusted choice for investors seeking exposure to fixed income securities. The fund's strategic emphasis on quality bond investments and rigorous portfolio management practices underscores its dedication to delivering consistent value and meeting the diverse financial objectives of its shareholders within the dynamic landscape of the mutual fund industry.