In plain terms — John Hancock Investors Trust
Shares currently cost about 11.8% less than the value of the assets behind them (a discount).
Over the past year it has averaged a 8.1% discount, so today's level is unusually wide for this fund (Z-score -2.2). That describes the past; it does not predict where the discount goes next.
It pays regular distributions worth about 9.8% a year of the share price (8.7% of the assets). That is a payout rate, not a return: part of it may be capital being handed back.
Because the shares trade below the value of their assets, each dollar of reinvested distributions buys about $1.13 of assets — a ReinvestCapture™ rate of 11.1%, more than the payout rate itself. That is buying power, not a return.
The assets themselves grew 0.2% over the past year including distributions (NAV total return).
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Price and NAV, past year
Snapshot
Valuation vs. history
| Window | Average prem/disc | Std. dev. | Z-score | Observations |
|---|---|---|---|---|
| 3 months | -9.38% | 1.59% | -1.36 | 55 |
| 6 months | -9.06% | 1.29% | -1.93 | 108 |
| 1 year | -8.08% | 1.56% | -2.23 | 206 |
| 3 years | -7.87% | — | — | — |
| 5 years | -6.70% | — | — | — |
Current contemporaneous premium/discount -11.55% (close Oct 14, 2026 vs NAV Oct 13, 2026). 1-year range -11.95% to -4.64%. A negative Z-score means a wider discount than the window average — not that the fund is undervalued.
Performance
| Series | 1M | 3M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) |
|---|---|---|---|---|---|---|
| Market price return | -4.64% | -10.38% | -12.80% | -13.56% | -0.03% | -8.53% |
| Market price total return | -4.64% | -8.29% | -6.92% | -5.28% | +8.75% | -0.79% |
| NAV return | -3.21% | -5.69% | -7.17% | -7.86% | -0.10% | -6.11% |
| NAV total return | -3.21% | -3.72% | -1.49% | +0.23% | +7.96% | +1.27% |
Through Oct 14, 2026. Total return reinvests distributions at the series value on the ex-date. Cumulative ≤ 1 year, annualised beyond.
About the fund
The John Hancock Investors Trust operates as a closed-end mutual fund with a specialization in fixed-income investments. Its inception and primary management are overseen by John Hancock Investment Management LLC, while John Hancock Asset Management also contributes as a co-manager. The fund aims to invest in fixed income markets across the globe, focusing its holdings on a diverse range of corporate and government bonds, alongside other debt instruments. Its investment performance is benchmarked against the Barclays Capital U.S. Aggregate Bond Index. This trust was established on January 29, 1971, and is located in the United States.
CEF Explorer research page for John Hancock Investors Trust. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.