Fund Description: John Hancock Income Securities Trust is an exchange-traded closed-end fund or a closed-end ETF which is officially described in its prospectus as a diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The Fund's primary investment objective is to generate a high level of current income consistent with prudent investment risk. FUND STRATEGY: The Fund seeks to invest at least 80% of its net assets in income securities which includes a diversified portfolio of corporate and government bonds. In choosing bonds for the portfolio, the Fund's manager evaluates the full spectrum of bonds in the marketplace and diversifies across a number of industries. It is contemplated that the Fund may invest up to 25% of the value of its total assets in debt securities which have at the time of purchase a rating below investment grade by Moody's and S&P. FUND MANAGEMENT: The Fund's investment advisor and administrator is John Hancock Advisers, a wholly owned subsidiary of John Hancock Financial Services, Inc., a unit of Manulife Financial Corporation, a leading Canadian-based financial services group.