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Preferred Income Fund (HPI)

Asset Mix (%)
as of 7/31/10

Preferred Stocks: 92.63
Cash & Cash Equivalents: 3.67
Foreign Stock: 1.72
Corporate Bonds: 1.22
Common Stocks: 1.00
Interest Rate Swaps: -0.24

Top Issuers (%)

as of 7/31/10
Nexen, Inc. 4.29
Telephone & Data Systems, Inc. 3.48
Viacom, Inc. 3.28
MetLife, Inc. 2.98
Comcast Corp. 2.92
Barclays Bank PLC 2.74
PFGI Capital Corp. 2.66
HSBC Finance Corp. 2.61
Interstate Power & Light Company 2.59
ING Groep NV 2.51

The Fund’s holdings are subject to change at any time. Characteristics are expressed as a percentage of net assets.

All Funds (with the exception of the Money Market Fund) exclude cash and cash equivalent securities from Top holdings and Top issuers

With regard to the Asset Mix table to the right: The percentages disclosed in the Asset Mix table are based on the Fund's total investments.

Top Sectors (%)

as of 7/31/10
Financials 53.75
Utilities 22.19
Consumer Discretionary 7.30
Telecommunication Services 6.42
Energy 5.32
Consumer Staples 1.40

The Fund’s holdings are subject to change at any time. Characteristics are expressed as a percentage of net assets.

All Funds (with the exception of the Money Market Fund) exclude cash and cash equivalent securities from Top Sectors.

Top Industries (%)

as of 7/31/10
Diversified Financial Services 13.70
Commercial Banks 12.54
Electric Utilities 11.26
Capital Markets 10.20
Insurance 9.99
Multi-Utilities 8.23
Media 7.30
Wireless Telecommunication Services 5.42
Oil, Gas & Consumable Fuels 5.32
Consumer Finance 3.82

The Fund’s holdings are subject to change at any time. Characteristics are expressed as a percentage of net assets.

All Funds (with the exception of the Money Market Fund) exclude cash and cash equivalent securities from Top Industries.

What You Should Know

Closed-end fund shares are not redeemable, but instead are traded in the secondary market on an exchange such as the New York Stock Exchange or the NASDAQ. They frequently trade at a discount to net asset value. Specialized funds may carry additional risks.

Getting Started

Your financial adviser can help you select the funds that are suitable for your long-term goals and objectives.

The Value of a Financial
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Why John Hancock Funds

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