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Strategic Income Opportunities Fund
mutual fund
JIPRX
Payout Change
Pending
Price as of:
$9.98
-0.01
-0.1%
primary theme
Bond Sector Diversified
share class
JIPRX (Mutual Fund)
Strategic Income Opportunities Fund
Payout Change
Pending
Price as of:
$9.98
-0.01
-0.1%
primary theme
Bond Sector Diversified
share class
JIPRX (Mutual Fund)
Strategic Income Opportunities Fund
Payout Change
Pending
Price as of:
$9.98
-0.01
-0.1%
primary theme
Bond Sector Diversified
share class
Name
As of 12/23/2024Price
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
3.1%
1 yr return
3.4%
3 Yr Avg Return
0.0%
5 Yr Avg Return
1.9%
Net Assets
$2.92 B
Holdings in Top 10
12.0%
52 WEEK LOW AND HIGH
$10.0
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 12/23/2024Price
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
JIPRX - Profile
Distributions
- YTD Total Return 3.1%
- 3 Yr Annualized Total Return 0.0%
- 5 Yr Annualized Total Return 1.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.55%
- Dividend Yield 3.5%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameStrategic Income Opportunities Fund
-
Fund Family NameJohn Hancock Group of Funds
-
Inception DateAug 31, 2011
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDaniel 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 | 3.1% | -12.8% | 18.9% | 85.45% |
| 1 Yr | 3.4% | -13.9% | 19.8% | 84.83% |
| 3 Yr | 0.0%* | -17.4% | 13.4% | 75.24% |
| 5 Yr | 1.9%* | -15.3% | 13.3% | 60.36% |
| 10 Yr | 2.6%* | -7.1% | 6.9% | 54.08% |
* Annualized
Return Ranking - Calendar
| Period | JIPRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.0% | -12.0% | 8.9% | 26.12% |
| 2022 | -13.5% | -31.8% | 18.4% | 55.78% |
| 2021 | -2.1% | -16.2% | 25.7% | 65.25% |
| 2020 | 6.2% | -31.1% | 18.7% | 8.91% |
| 2019 | 7.9% | -6.1% | 15.3% | 11.95% |
Total Return Ranking - Trailing
| Period | JIPRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.1% | -12.8% | 18.9% | 85.45% |
| 1 Yr | 3.4% | -13.9% | 19.8% | 84.83% |
| 3 Yr | 0.0%* | -17.4% | 13.4% | 75.24% |
| 5 Yr | 1.9%* | -15.3% | 13.3% | 60.36% |
| 10 Yr | 2.6%* | -7.1% | 6.9% | 54.08% |
* Annualized
Total Return Ranking - Calendar
| Period | JIPRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 8.4% | -6.9% | 22.2% | 41.73% |
| 2022 | -9.7% | -31.8% | 21.1% | 56.58% |
| 2021 | 1.2% | -13.5% | 49.9% | 64.10% |
| 2020 | 8.8% | -28.6% | 24.1% | 14.62% |
| 2019 | 11.2% | -4.8% | 19.1% | 23.51% |
NAV & Total Return History
JIPRX - Holdings
Concentration Analysis
| JIPRX | Category Low | Category High | JIPRX % Rank | |
|---|---|---|---|---|
| Net Assets | 2.92 B | 2.63 M | 143 B | 22.45% |
| Number of Holdings | 673 | 4 | 9638 | 38.85% |
| Net Assets in Top 10 | 358 M | -204 M | 89.4 B | 38.07% |
| Weighting of Top 10 | 11.99% | 5.8% | 265.8% | 86.79% |
Top 10 Holdings
- JH COLLATERAL 2.48%
- UNITED STATES TREASURY NOTE/BO 05/32 2.875 2.17%
- UNITED STATES TREASURY NOTE/BO 02/49 3 1.27%
- UNITED STATES TREASURY NOTE/BO 02/33 3.5 1.04%
- UNITED STATES TREASURY NOTE/BO 08/32 2.75 0.97%
- HCA INC COMPANY GUAR 09/30 3.5 0.94%
- FORD MOTOR CO SR UNSECURED 02/32 3.25 0.86%
- KOREA TREASURY BOND BONDS 03/27 2.375 0.84%
- FREDDIE MAC POOL FR 05/53 FIXED 4.5 0.75%
- BRAZIL NOTAS DO TESOURO NACION NOTES 01/25 10 0.67%
Asset Allocation
| Weighting | Return Low | Return High | JIPRX % Rank | |
|---|---|---|---|---|
| Bonds | 95.28% | 0.00% | 199.60% | 30.58% |
| Convertible Bonds | 5.15% | 0.00% | 33.50% | 14.10% |
| Cash | 2.48% | -94.66% | 99.97% | 61.47% |
| Other | 1.53% | -75.22% | 147.15% | 58.66% |
| Preferred Stocks | 0.98% | 0.00% | 21.58% | 13.26% |
| Stocks | 0.00% | -6.18% | 99.68% | 75.51% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | JIPRX % Rank | |
|---|---|---|---|---|
| Corporate | 59.68% | 0.00% | 96.66% | 23.67% |
| Government | 31.25% | 0.00% | 99.43% | 13.85% |
| Securitized | 3.45% | 0.00% | 99.65% | 80.84% |
| Cash & Equivalents | 2.48% | 0.00% | 94.89% | 58.37% |
| Municipal | 0.00% | 0.00% | 54.26% | 51.21% |
| Derivative | -0.14% | -75.22% | 147.15% | 80.44% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | JIPRX % Rank | |
|---|---|---|---|---|
| US | 67.77% | 0.00% | 199.60% | 66.61% |
| Non US | 27.51% | 0.00% | 76.68% | 12.95% |
JIPRX - Expenses
Operational Fees
| JIPRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.72% | 0.03% | 34.13% | 81.03% |
| Management Fee | 0.66% | 0.00% | 2.29% | 65.17% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 3.48% |
| 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% | 1.50% | 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% | 42.08% |
JIPRX - Distributions
Dividend Yield Analysis
| JIPRX | Category Low | Category High | JIPRX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.53% | 0.00% | 23.30% | 83.31% |
Dividend Distribution Analysis
| JIPRX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | SemiAnnual | Monthly | Monthly |
Net Income Ratio Analysis
| JIPRX | Category Low | Category High | JIPRX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.55% | -1.55% | 11.51% | 64.18% |
Capital Gain Distribution Analysis
| JIPRX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 29, 2024 | $0.029 | OrdinaryDividend |
| Oct 31, 2024 | $0.029 | OrdinaryDividend |
| Sep 30, 2024 | $0.029 | OrdinaryDividend |
| Aug 30, 2024 | $0.030 | OrdinaryDividend |
| Jul 31, 2024 | $0.030 | OrdinaryDividend |
| Apr 30, 2024 | $0.029 | OrdinaryDividend |
| Mar 28, 2024 | $0.030 | OrdinaryDividend |
| Feb 29, 2024 | $0.029 | OrdinaryDividend |
| Jan 31, 2024 | $0.030 | OrdinaryDividend |
| Dec 29, 2023 | $0.029 | OrdinaryDividend |
| Nov 30, 2023 | $0.028 | OrdinaryDividend |
| Oct 31, 2023 | $0.028 | OrdinaryDividend |
| Sep 29, 2023 | $0.027 | OrdinaryDividend |
| Aug 31, 2023 | $0.028 | OrdinaryDividend |
| Jul 31, 2023 | $0.028 | OrdinaryDividend |
| Jun 30, 2023 | $0.028 | OrdinaryDividend |
| May 31, 2023 | $0.028 | OrdinaryDividend |
| Apr 28, 2023 | $0.028 | OrdinaryDividend |
| Mar 31, 2023 | $0.030 | OrdinaryDividend |
| Feb 28, 2023 | $0.028 | OrdinaryDividend |
| Jan 31, 2023 | $0.030 | OrdinaryDividend |
| Dec 30, 2022 | $0.058 | OrdinaryDividend |
| Dec 19, 2022 | $0.028 | OrdinaryDividend |
| Nov 30, 2022 | $0.032 | OrdinaryDividend |
| Oct 31, 2022 | $0.032 | OrdinaryDividend |
| Sep 30, 2022 | $0.031 | OrdinaryDividend |
| Aug 31, 2022 | $0.032 | OrdinaryDividend |
| Jul 29, 2022 | $0.032 | OrdinaryDividend |
| Jun 30, 2022 | $0.001 | OrdinaryDividend |
| May 31, 2022 | $0.031 | OrdinaryDividend |
| Apr 29, 2022 | $0.031 | OrdinaryDividend |
| Mar 31, 2022 | $0.033 | OrdinaryDividend |
| Feb 28, 2022 | $0.031 | OrdinaryDividend |
| Jan 31, 2022 | $0.031 | OrdinaryDividend |
| Dec 31, 2021 | $0.032 | OrdinaryDividend |
| Nov 30, 2021 | $0.032 | OrdinaryDividend |
| Oct 29, 2021 | $0.032 | OrdinaryDividend |
| Sep 30, 2021 | $0.031 | OrdinaryDividend |
| Aug 31, 2021 | $0.031 | OrdinaryDividend |
| Jul 30, 2021 | $0.031 | OrdinaryDividend |
| Jun 30, 2021 | $0.031 | OrdinaryDividend |
| May 28, 2021 | $0.029 | OrdinaryDividend |
| Apr 30, 2021 | $0.029 | OrdinaryDividend |
| Mar 31, 2021 | $0.026 | OrdinaryDividend |
| Feb 26, 2021 | $0.025 | OrdinaryDividend |
| Jan 29, 2021 | $0.024 | OrdinaryDividend |
| Dec 31, 2020 | $0.022 | OrdinaryDividend |
| Nov 30, 2020 | $0.021 | OrdinaryDividend |
| Oct 30, 2020 | $0.019 | OrdinaryDividend |
| Sep 30, 2020 | $0.018 | OrdinaryDividend |
| Aug 31, 2020 | $0.019 | OrdinaryDividend |
| Jul 31, 2020 | $0.019 | OrdinaryDividend |
| Jun 30, 2020 | $0.019 | OrdinaryDividend |
| May 29, 2020 | $0.019 | OrdinaryDividend |
| Apr 30, 2020 | $0.021 | OrdinaryDividend |
| Mar 31, 2020 | $0.021 | OrdinaryDividend |
| Feb 28, 2020 | $0.020 | OrdinaryDividend |
| Jan 31, 2020 | $0.022 | OrdinaryDividend |
| Dec 31, 2019 | $0.021 | OrdinaryDividend |
| Nov 29, 2019 | $0.021 | OrdinaryDividend |
| Oct 31, 2019 | $0.022 | OrdinaryDividend |
| Sep 30, 2019 | $0.023 | OrdinaryDividend |
| Aug 30, 2019 | $0.024 | OrdinaryDividend |
| Jul 31, 2019 | $0.025 | OrdinaryDividend |
| Dec 21, 2017 | $0.021 | ExtraDividend |
| Dec 23, 2015 | $0.100 | CapitalGainShortTerm |
| Dec 23, 2015 | $0.169 | CapitalGainLongTerm |
| Dec 23, 2013 | $0.123 | CapitalGainLongTerm |
| Dec 19, 2013 | $0.054 | DailyAccrualFund |
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 | 5.71 | 3.19 |
