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Strategic Income Opportunities Trust
mutual fund
JESNX
Payout Change
Pending
Price as of:
$12.77
+0.01
+0.08%
primary theme
Bond Sector Diversified
share class
JESNX (Mutual Fund)
Strategic Income Opportunities Trust
Payout Change
Pending
Price as of:
$12.77
+0.01
+0.08%
primary theme
Bond Sector Diversified
share class
JESNX (Mutual Fund)
Strategic Income Opportunities Trust
Payout Change
Pending
Price as of:
$12.77
+0.01
+0.08%
primary theme
Bond Sector Diversified
share class
Name
As of 12/02/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
4.0%
1 yr return
6.8%
3 Yr Avg Return
-0.8%
5 Yr Avg Return
1.3%
Net Assets
$436 M
Holdings in Top 10
13.0%
52 WEEK LOW AND HIGH
$12.8
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.80%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 61.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/02/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
JESNX - Profile
Distributions
- YTD Total Return 4.0%
- 3 Yr Annualized Total Return -0.8%
- 5 Yr Annualized Total Return 1.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.56%
- Dividend Yield 2.8%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameStrategic Income Opportunities Trust
-
Fund Family NameJohn Hancock Group of Funds
-
Inception DateMay 03, 2004
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDaniel Janis
Fund Description
Under normal market conditions, the fund invests primarily in the following types of securities: foreign government and corporate debt securities from developed and emerging markets, U.S. government and agency securities, and high-yield bonds.The fund may also invest in preferred stock and other types of debt securities.Although the fund may invest up to 10% of its net assets in securities rated as low as D (in default) by S&P Global Ratings (“S&P”) or Moody’s Investors Service, Inc. (“Moody’s”) (or their unrated equivalents) (i.e., “junk bonds”), it seeks to keep its average credit quality in the investment-grade range (AAA to BBB). There is no limit on the fund’s average maturity. The fund’s investment policies are based on credit ratings at the time of purchase.In managing the fund, the subadvisor allocates assets among the three major types of securities (U.S. government debt and mortgages; corporate debt — primarily high yield; and foreign debt — both government and corporate, including emerging markets) based on analysis of economic factors, such as projected international interest rate movements, industry cycles and political trends. However, the subadvisor may invest up to 100% of the fund’s total assets in any one sector. Within each type of security, the subadvisor looks for investments that are appropriate for the overall fund in terms of yield, credit quality, structure and industry distribution. In selecting securities, relative yields and risk/reward ratios are the primary considerations.The fund may use certain higher-risk investments, including restricted or illiquid securities and derivatives, which include futures contracts on securities, indices and foreign currency; options on futures contracts, securities, indices and foreign currency; interest rate, foreign currency and credit default swaps; and foreign currency forward contracts, in each case, for the purposes of reducing risk, obtaining efficient market exposure and/or enhancing investment returns. In addition, the fund may invest up to 10% of its net assets in domestic or foreign common stocks.Use of Hedging and Other Strategic Transactions. The fund is authorized to use all of the various investment strategies referred to under “Additional Information About the Funds’ Principal Risks — Hedging, derivatives and other strategic transactions risk” including, but not limited to, U.S. Treasury futures and options, index derivatives, credit default swaps and currency forwards and options.The manager considers environmental, social, and/or governance (ESG) factors, alongside other relevant factors, as part of its investment process. ESG factors may include, but are not limited to, matters regarding board diversity, climate change policies, and supply chain and human rights policies. The ESG characteristics utilized in the fund’s investment process may change over time and one or more characteristics may not be relevant with respect to all issuers that are eligible fund investments.
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JESNX - Performance
Return Ranking - Trailing
| Period | JESNX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.0% | -11.6% | 18.0% | 87.60% |
| 1 Yr | 6.8% | -9.3% | 20.6% | 82.26% |
| 3 Yr | -0.8%* | -16.5% | 16.8% | 87.28% |
| 5 Yr | 1.3%* | -14.6% | 13.8% | 76.70% |
| 10 Yr | 2.2%* | -7.2% | 6.9% | 69.75% |
* Annualized
Return Ranking - Calendar
| Period | JESNX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 3.5% | -12.0% | 8.9% | 33.69% |
| 2022 | -13.4% | -31.8% | 18.4% | 54.99% |
| 2021 | -2.5% | -16.2% | 25.7% | 70.66% |
| 2020 | 6.8% | -31.1% | 18.7% | 7.49% |
| 2019 | 7.9% | -6.1% | 15.3% | 12.33% |
Total Return Ranking - Trailing
| Period | JESNX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.0% | -11.6% | 18.0% | 87.60% |
| 1 Yr | 6.8% | -9.3% | 20.6% | 82.26% |
| 3 Yr | -0.8%* | -16.5% | 16.8% | 87.28% |
| 5 Yr | 1.3%* | -14.6% | 13.8% | 76.70% |
| 10 Yr | 2.2%* | -7.2% | 6.9% | 69.75% |
* Annualized
Total Return Ranking - Calendar
| Period | JESNX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 3.5% | -6.9% | 22.2% | 90.26% |
| 2022 | -10.1% | -31.8% | 21.1% | 59.90% |
| 2021 | 0.9% | -13.5% | 49.9% | 67.70% |
| 2020 | 8.6% | -28.6% | 24.1% | 15.86% |
| 2019 | 10.9% | -4.8% | 19.1% | 26.40% |
NAV & Total Return History
JESNX - Holdings
Concentration Analysis
| JESNX | Category Low | Category High | JESNX % Rank | |
|---|---|---|---|---|
| Net Assets | 436 M | 2.63 M | 143 B | 57.17% |
| Number of Holdings | 508 | 4 | 9638 | 49.45% |
| Net Assets in Top 10 | 56.8 M | -204 M | 89.4 B | 76.60% |
| Weighting of Top 10 | 13.04% | 5.8% | 265.8% | 82.55% |
Top 10 Holdings
- JH COLLATERAL 3.56%
- UNITED STATES TREASURY NOTE/BO 05/32 2.875 2.00%
- UNITED STATES TREASURY NOTE/BO 02/49 3 1.11%
- HCA INC COMPANY GUAR 09/30 3.5 1.04%
- UNITED STATES TREASURY NOTE/BO 02/33 3.5 1.00%
- JAPAN GOVERNMENT TWENTY YEAR B BONDS 12/25 2.1 0.98%
- FORD MOTOR CO SR UNSECURED 02/32 3.25 0.90%
- KOREA TREASURY BOND BONDS 03/27 2.375 0.84%
- FREDDIE MAC POOL FR 05/53 FIXED 4.5 0.82%
- UNITED STATES TREASURY NOTE/BO 08/32 2.75 0.81%
Asset Allocation
| Weighting | Return Low | Return High | JESNX % Rank | |
|---|---|---|---|---|
| Bonds | 94.28% | 0.00% | 199.60% | 37.44% |
| Convertible Bonds | 5.23% | 0.00% | 33.50% | 13.94% |
| Cash | 3.56% | -94.66% | 99.97% | 51.17% |
| Other | 1.57% | -75.22% | 147.15% | 58.66% |
| Preferred Stocks | 1.19% | 0.00% | 21.58% | 11.70% |
| Stocks | 0.00% | -6.18% | 99.68% | 92.51% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | JESNX % Rank | |
|---|---|---|---|---|
| Corporate | 60.12% | 0.00% | 96.66% | 22.54% |
| Government | 31.18% | 0.00% | 99.43% | 14.65% |
| Cash & Equivalents | 3.56% | 0.00% | 94.89% | 42.41% |
| Securitized | 3.49% | 0.00% | 99.65% | 80.68% |
| Municipal | 0.00% | 0.00% | 54.26% | 84.06% |
| Derivative | -0.16% | -75.22% | 147.15% | 81.22% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | JESNX % Rank | |
|---|---|---|---|---|
| US | 67.01% | 0.00% | 199.60% | 68.17% |
| Non US | 27.27% | 0.00% | 74.14% | 12.79% |
JESNX - Expenses
Operational Fees
| JESNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.80% | 0.03% | 34.13% | 74.49% |
| Management Fee | 0.65% | 0.00% | 2.29% | 64.55% |
| 12b-1 Fee | 0.05% | 0.00% | 1.00% | 17.68% |
| Administrative Fee | 0.25% | 0.00% | 0.70% | 81.69% |
Sales Fees
| JESNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.50% | N/A |
Trading Fees
| JESNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.50% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| JESNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 61.00% | 0.00% | 632.00% | 35.85% |
JESNX - Distributions
Dividend Yield Analysis
| JESNX | Category Low | Category High | JESNX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.77% | 0.00% | 23.30% | 83.15% |
Dividend Distribution Analysis
| JESNX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Monthly | Monthly |
Net Income Ratio Analysis
| JESNX | Category Low | Category High | JESNX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.56% | -1.55% | 11.51% | 63.39% |
Capital Gain Distribution Analysis
| JESNX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Oct 24, 2024 | $0.352 | OrdinaryDividend |
| Oct 25, 2022 | $0.458 | OrdinaryDividend |
| Oct 26, 2021 | $0.490 | OrdinaryDividend |
| Oct 26, 2020 | $0.233 | OrdinaryDividend |
| Nov 21, 2019 | $0.161 | OrdinaryDividend |
| Aug 22, 2019 | $0.211 | OrdinaryDividend |
| Nov 20, 2018 | $0.273 | OrdinaryDividend |
| Aug 23, 2018 | $0.235 | ExtraDividend |
| Nov 21, 2017 | $0.291 | OrdinaryDividend |
| Aug 24, 2017 | $0.146 | ExtraDividend |
| Nov 22, 2016 | $0.229 | OrdinaryDividend |
| Aug 25, 2016 | $0.098 | ExtraDividend |
| Aug 26, 2015 | $0.116 | ExtraDividend |
| Nov 26, 2013 | $0.545 | OrdinaryDividend |
| Nov 27, 2012 | $0.627 | OrdinaryDividend |
| Aug 24, 2012 | $0.299 | OrdinaryDividend |
| Dec 22, 2011 | $0.847 | OrdinaryDividend |
| Aug 26, 2011 | $0.677 | ExtraDividend |
| Dec 23, 2010 | $1.102 | OrdinaryDividend |
| Jul 27, 2010 | $0.287 | ExtraDividend |
| Dec 18, 2009 | $0.541 | OrdinaryDividend |
| Apr 29, 2009 | $0.272 | OrdinaryDividend |
| Dec 18, 2008 | $0.947 | OrdinaryDividend |
| Apr 10, 2008 | $0.432 | OrdinaryDividend |
| Dec 20, 2007 | $0.286 | OrdinaryDividend |
| Dec 29, 2006 | $0.394 | OrdinaryDividend |
JESNX - Fund Manager Analysis
Managers
Daniel Janis
Start Date
Tenure
Tenure Rank
May 03, 2004
18.09
18.1%
Daniel S. Janis, III is head of Global Multi-Sector Fixed Income at Manulife Investment Management. He is a senior managing director, senior portfolio manager and the lead portfolio manager for the company’s global multi-sector fixed income strategies, responsible for asset allocation, global bond research and currency management. His areas of expertise include global economics, foreign exchange, derivatives and risk management. Prior to joining the company, Dan was a vice president and proprietary risk manager for BankBoston.
Thomas Goggins
Start Date
Tenure
Tenure Rank
Dec 31, 2009
12.42
12.4%
Thomas C. Goggins is a senior managing director and senior portfolio manager on the Global Multi-Sector Fixed Income Team at Manulife Investment Management. He is responsible for portfolio management, global bond research, security selection and risk management for the company’s global multi-sector fixed income strategies. Prior to joining the company, Tom held positions at Putnam Investments, Transamerica Investments, SAC Capital and Fontana Capital.
Kisoo Park
Start Date
Tenure
Tenure Rank
Jan 01, 2015
7.42
7.4%
Kisoo Park is a managing director and portfolio manager on the Global Multi-Sector Fixed Income Team at Manulife Investment Management. He is responsible for portfolio management, global bond research and currency management for the company’s global multi-sector fixed income strategies. Before joing the company, Kisoo was a founding member and COO of hedge fund firm based in Hong Kong. Prior to that, he was the CIO responsible for tactical asset allocation investing in global equities, fixed income, commodities, FX and interest rate asset classes at Prince Asset Management, Hong Kong.
Christopher Chapman
Start Date
Tenure
Tenure Rank
Apr 12, 2017
5.14
5.1%
Chris is co-leader of the company’s global multi sector fixed income strategies, responsible for portfolio management, global sovereign debt, portfolio construction, and currency and risk management. Previously, he was a portfolio manager for global multi sector fixed income and, prior to that, he was a senior investment analyst and trader with the team. Earlier in his career, he worked in several other areas of the firm, including as an investment risk analyst on the quantitative research team. Chris began his career at State Street Bank. He holds the Certified Financial Analyst designation.
Bradley Lutz
Start Date
Tenure
Tenure Rank
Mar 31, 2022
0.17
0.2%
Brad Lutz is a managing director, portfolio manager and senior investment analyst for John Hancock Asset Management. Prior to joining the firm, he held analyst positions at Declaration Management & Research, Summit Investment Partners and Pacholder Associates, Inc. He has been with the investment management industry since 1993, a B.S. from Miami University and holds the Chartered Financial Analyst designation.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 28.19 | 5.71 | 3.19 |
