BTO CEF — John Hancock Financial Opportunities Fund

John Hancock Financial Opportunities Fund (BTO)

Updated November 13, 2026.

BTO is a CEF. Its distribution rate is 6.92%, its trailing-12-month yield is 6.92%, its expense ratio is 1.9807%. Dividend Vision Distribution Safety Score™ is 96/100 (Safe). Total return is 1591.0% over the past 30.1 years, 110.0 points behind SPY at 1701.0%.

At the current 6.92% distribution rate, a $10,000 investment would generate approximately $692 per year, or about $173.00 per quarter if the next payment matches the last regular one.

John Hancock Financial Opportunities Fund is an actively managed closed-end fund. Seek capital growth and income with at least 80% of assets in equity securities of U.S. and foreign financial-services companies. It pays distributions quarterly.

BTO performance versus SPY

As of Nov 12, 2026

Total return is 1591.0% over the past 30.1 years, 110.0 points behind SPY at 1701.0%. Over the past year its total return — price change plus distributions reinvested — is 19.7%. Its deepest 1-year drawdown was 15.3%.

BTO key facts

Distribution Safety Score™

96 · Safe

Safety-Adjusted Yield

6.64%

Issuer

John Hancock

Asset type

CEF

Asset class

Equity

Inception date

08/27/1994

Expense ratio

1.9807%

Distribution rate

6.92%

Distribution frequency

Quarterly

Trailing yield

6.92%

5-year average yield

7.32

Last close

$37.56 (as of 2026-11-13)

NAV

$39.14; NAV date unknown

Premium / discount

Premium not shown · NAV date unknown

Market cap

$746,318,080

Average volume

14,866

Dividend

$0.65

Ex-dividend date

09/11/2026

Payment date

09/30/2026

Beta

0.948

AUM unavailable in this published snapshot. Missing values do not mean zero or complete coverage. ?

How Dividend Vision calculates yield and returns

Distribution rate (6.92%) uses latest regular dividend ($0.65) × 4 ÷ market price dated 2026-11-13; one-off specials excluded; identified recurring supplementals included. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (6.92%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: John Hancock or company page; Fact sheet; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

BTO risks and drawbacks

Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 15.3%.

Who may consider BTO — and who may not

BTO may suit someone looking for a high Distribution Safety Score. It is a weaker fit for investors who need monthly cash flow (BTO pays quarterly); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on BTO

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Tagged: CEF, Active, Financials, Dividend.

Frequently asked questions

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