John Hancock Diversified Income Fund: A Widely Undervalued Investment Opportunity.

The John Hancock Diversified Income Fund (HEQ) changed its name from John Hancock Hedged Equity & Income Fund last year. The fund's investment policy also changed, and its discount remains wide. HEQ is a diversified fund that invests in a range of assets, including equities, bonds, and alternative investments. The fund's performance has been strong, with a 1-year total return of 21.51%. Despite its strong performance, HEQ is currently trading at a discount of around 8.75% compared to its net asset value. This discount is relatively wide compared to other funds in the same category.