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Trending ETFs

Strategic Income Opportunities Fund

mutual fund
JIPRX
Payout Change
Pending
Price as of:
$9.91 +0.0 +0.0%
primary theme
Bond Sector Diversified
JIPRX (Mutual Fund)

Strategic Income Opportunities Fund

Payout Change
Pending
Price as of:
$9.91 +0.0 +0.0%
primary theme
Bond Sector Diversified
JIPRX (Mutual Fund)

Strategic Income Opportunities Fund

Payout Change
Pending
Price as of:
$9.91 +0.0 +0.0%
primary theme
Bond Sector Diversified

Name

As of 06/14/2024

Price

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

$9.91

$3.06 B

3.62%

$0.36

0.72%

Vitals

YTD Return

0.6%

1 yr return

4.7%

3 Yr Avg Return

-1.0%

5 Yr Avg Return

2.1%

Net Assets

$3.06 B

Holdings in Top 10

13.6%

52 WEEK LOW AND HIGH

$9.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.72%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 71.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/14/2024

Price

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

$9.91

$3.06 B

3.62%

$0.36

0.72%

JIPRX - Profile

Distributions

  • YTD Total Return 0.6%
  • 3 Yr Annualized Total Return -1.0%
  • 5 Yr Annualized Total Return 2.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.55%
DIVIDENDS
  • Dividend Yield 3.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Strategic Income Opportunities Fund
  • Fund Family Name
    John Hancock Group of Funds
  • Inception Date
    Aug 31, 2011
  • Shares Outstanding
    N/A
  • Share Class
    R6
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Daniel Janis

Fund Description

Under normal market conditions, the fund invests at least 80% of its assets in the following types of securities, which may be denominated in U.S. dollars or foreign currencies: foreign government and corporate debt securities from developed and emerging markets, U.S. government and agency securities, domestic high-yield bonds, and investment-grade corporate bonds and currency instruments. The fund may also invest in preferred stock and other types of debt securities, including mortgage-and asset-backed securities and loans. Direct investments in loans may be illiquid and holding a loan could expose the fund to the risk of being a direct lender. No more than 80% of the fund’s assets will consist of instruments denominated in foreign currencies.Although the fund may invest up to 10% of its total 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, it generally intends to keep its average credit quality in the investment-grade range (i.e., AAA to BBB). Bonds that are rated at or below BB by S&P or Ba by Moody’s are considered junk bonds. There is no limit on the average maturity of the fund’s portfolio. The fund’s investment policies are based on credit ratings at the time of purchase. Under normal circumstances, the fund may invest up to 15% of total assets in asset-backed securities rated lower than A by S&P or Moody’s, or their unrated equivalents (but under no circumstances lower than B or their unrated equivalents).In managing the fund, the manager allocates assets among the four major types of instruments noted above based on analysis of global economic factors such as fiscal and monetary policies, projected international interest-rate movements, political environments, and currency trends. In abnormal circumstances, the manager may invest up to 100% of the fund’s assets in any one sector. The manager looks for investments that are appropriate for the fund in terms of yield, credit quality, structure, and industry distribution. Relative yields and risk/reward ratios are the primary considerations in selecting securities.The fund may use certain higher-risk investments, including derivatives such as futures, options, and swaps (including credit default swaps), as well as restricted or illiquid securities. The fund may also invest significantly in currency spots and forwards, currency futures and options, and interest-rate options for both hedging and nonhedging purposes, including for purposes of enhancing returns. In addition, the fund may invest up to 10% of its net assets in domestic or foreign common stocks.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.The fund may trade securities actively and its investment process may, at times, result in a higher-than-average portfolio turnover ratio.
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JIPRX - Performance

Return Ranking - Trailing

Period JIPRX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.6% -7.7% 410.0% 85.61%
1 Yr 4.7% -11.0% 435.7% 82.12%
3 Yr -1.0%* -18.2% 72.1% 76.07%
5 Yr 2.1%* -13.9% 43.6% 50.92%
10 Yr 2.3%* -13.8% 6.5% 47.29%

* Annualized

Return Ranking - Calendar

Period JIPRX Return Category Return Low Category Return High Rank in Category (%)
2023 4.0% -12.0% 15.7% 26.44%
2022 -13.5% -31.8% 18.4% 55.26%
2021 -2.1% -26.6% 25.7% 64.32%
2020 6.2% -49.2% 18.7% 9.72%
2019 7.9% -35.1% 15.3% 11.82%

Total Return Ranking - Trailing

Period JIPRX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.6% -7.7% 410.0% 85.61%
1 Yr 4.7% -11.0% 435.7% 82.12%
3 Yr -1.0%* -18.2% 72.1% 76.07%
5 Yr 2.1%* -13.9% 43.6% 50.92%
10 Yr 2.3%* -13.8% 6.5% 47.29%

* Annualized

Total Return Ranking - Calendar

Period JIPRX Return Category Return Low Category Return High Rank in Category (%)
2023 8.4% -7.0% 22.2% 41.69%
2022 -9.7% -31.8% 21.1% 56.35%
2021 1.2% -13.5% 49.9% 63.36%
2020 8.8% -28.6% 24.1% 15.28%
2019 11.2% -4.8% 19.1% 24.39%

NAV & Total Return History


JIPRX - Holdings

Concentration Analysis

JIPRX Category Low Category High JIPRX % Rank
Net Assets 3.06 B 2.53 M 143 B 19.78%
Number of Holdings 571 2 9868 42.23%
Net Assets in Top 10 416 M -204 M 70.2 B 37.96%
Weighting of Top 10 13.61% 5.1% 271.9% 88.02%

Top 10 Holdings

  1. JH COLLATERAL 3.20%
  2. UNITED STATES TREASURY NOTE/BO 05/32 2.875 2.11%
  3. UNITED STATES TREASURY NOTE/BO 02/33 3.5 1.57%
  4. UNITED STATES TREASURY NOTE/BO 02/49 3 1.26%
  5. UNITED STATES TREASURY NOTE/BO 08/32 2.75 1.15%
  6. HCA INC COMPANY GUAR 09/30 3.5 0.97%
  7. FREDDIE MAC POOL FR 09/53 FIXED 5.5 0.87%
  8. UNITED STATES TREASURY NOTE/BO 01/27 1.5 0.84%
  9. KOREA TREASURY BOND BONDS 03/27 2.375 0.83%
  10. BRAZIL NOTAS DO TESOURO NACION NOTES 01/25 10 0.81%

Asset Allocation

Weighting Return Low Return High JIPRX % Rank
Bonds
94.77% 0.00% 215.76% 36.89%
Convertible Bonds
5.15% 0.00% 33.50% 14.24%
Cash
3.20% -94.66% 100.00% 56.25%
Other
1.87% -66.66% 153.75% 58.54%
Preferred Stocks
0.50% 0.00% 28.28% 22.41%
Stocks
0.00% -4.18% 99.84% 78.20%

Bond Sector Breakdown

Weighting Return Low Return High JIPRX % Rank
Corporate
59.68% 0.00% 96.66% 24.06%
Government
31.25% 0.00% 99.43% 13.99%
Securitized
3.45% 0.00% 99.65% 81.13%
Cash & Equivalents
3.20% 0.00% 99.66% 53.52%
Derivative
0.20% -66.66% 153.75% 31.65%
Municipal
0.00% 0.00% 54.26% 50.31%

Bond Geographic Breakdown

Weighting Return Low Return High JIPRX % Rank
US
67.14% 0.00% 215.76% 65.85%
Non US
27.63% 0.00% 69.85% 16.01%

JIPRX - Expenses

Operational Fees

JIPRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.72% 0.03% 20.67% 81.00%
Management Fee 0.65% 0.00% 2.29% 59.30%
12b-1 Fee 0.00% 0.00% 1.00% 4.80%
Administrative Fee N/A 0.00% 0.70% N/A

Sales Fees

JIPRX 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% 5.00% N/A

Trading Fees

JIPRX 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.

JIPRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 71.00% 0.00% 632.00% 42.91%

JIPRX - Distributions

Dividend Yield Analysis

JIPRX Category Low Category High JIPRX % Rank
Dividend Yield 3.62% 0.00% 23.30% 82.78%

Dividend Distribution Analysis

JIPRX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

JIPRX Category Low Category High JIPRX % Rank
Net Income Ratio 2.55% -1.55% 11.51% 64.71%

Capital Gain Distribution Analysis

JIPRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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JIPRX - Fund Manager Analysis

Managers

Daniel Janis


Start Date

Tenure

Tenure Rank

Apr 28, 2006

16.1

16.1%

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 5.72 3.19