John Hancock Income Securities Trust Common Stock (JHS)

FairStock Score: 58/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I start by asking what JHS actually is. It is a closed-end fixed-income fund, not an operating company, so it has no classic competitive moat. Its results depend on John Hancock’s management, U.S. government and corporate bonds, an average maturity of 7.57 years, and the use of leverage, reflected in a debt-to-equity ratio of 0.64. At the close on 2026-10-13, the price was $10.14, with a P/B of 0.83, so it trades below book value. FairStock’s Graham Number is $14.78, implying a 31.39% margin of safety on that calculation. The 5.98% dividend yield and 0.52 beta are attractive for income and lower volatility, and the price is close to the 52-week low of $10.03. But the quality signals are mixed: ROE is 6.35%, ROCE is 2.91%, the Piotroski F-Score is 1/9, and the Altman Z-Score is 0.66. Those last two are built for industrial companies, not closed-end funds, so I treat them as warning signs rather than verdicts. There is no revenue or profit growth data, and the Lynch category is none because only 0 years of filed results are available. A bond fund’s discount can narrow or widen, and leverage can magnify both income and losses. So this looks statistically cheap versus book and the Graham Number, but it is not a high-quality compounder. I would want evidence that distributions are covered and that book value is stable before trusting the discount to close.

In plain English: John Hancock Income Securities Trust is a fund that owns U.S. government and corporate bonds. The numbers are mixed: it pays a high income and trades below its book value, but its profit and safety scores look weak. At $10.14, the price looks somewhat cheap compared with its asset value and a conservative value estimate, though this is not a fast-growing business.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer