John Hancock Diversified Income Fund
HEQ
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- John Hancock Hedged Equity & Income Fund (HEQ) is a closed-end management investment company that seeks total return with a focus on current income and gains, as well as long-term capital appreciation. The fund invests primarily in public equity markets of the United States, with allocations across diversified sectors including financials, information technology, industrials, and energy; it employs derivatives such as call options and equity futures for hedging and income generation, while also holding fixed-income securities and other instruments across all market capitalizations. Launched on May 26, 2011, and managed by John Hancock Investment Management LLC with co-management by Wellington Management Company LLP, the fund is domiciled in the United States with headquarters in Boston, Massachusetts, and primarily serves retail and institutional investors seeking income-oriented equity exposure. In a significant strategic shift approved by the Board of Trustees on December 12, 2024, and effective February 10, 2025, the fund changed its name to John Hancock Diversified Income Fund and updated its investment strategies to enhance flexibility, including reduced equity allocation and increased fixed-income exposure. Additional recent developments include ongoing quarterly distributions, such as the $0.2500 per share dividend declared for December 2024, portfolio manager changes with Gregg Thomas departing effective July 30, 2024, and regular earnings releases reporting net investment income and net asset values, such as NAV of $12.11 as of September 30, 2025. The fund's top holdings as of late 2024 encompassed blue-chip equities like JPMorgan Chase & Co., Exxon Mobil Corporation, and International Business Machines Corporation, alongside international names and structured securities.