About JIPAX
John Hancock Funds II Strategic Income Opportunities Fund Class A is a multi-sector fixed income mutual fund designed to maximize total return through a blend of current income and capital appreciation. The fund employs a flexible, opportunistic approach across global bond markets, dynamically allocating among sectors such as U.S. investment-grade credit, high yield, securitized assets, and foreign government and corporate debt, including emerging markets. According to Morningstar, it is a large vehicle with multibillion-dollar assets under management and carries an above-average distribution fee level for its share class, reflecting its active, tactical mandate. Strategy materials indicate the managers adjust exposures based on macroeconomic and credit-cycle analysis, using a broad toolkit that can include varying duration, credit quality, and currency positioning to pursue risk-aware income. Public fund documents show diversified holdings that span U.S. agency mortgage-backed securities, corporate bonds, and a meaningful allocation to non-U.S. sovereign and quasi-sovereign issuers, illustrating its global reach. Overall, the fund plays a role as a core-plus bond allocation for investors seeking diversified income with tactical flexibility across fixed income sectors.
Fund Family John Hancock
Category Multisector Bond
Performance Rating Low
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol JIPAX
Share Class Class A
Index Bloomberg U.S. Aggregate Bond TR
JIPAX had a total return of 6.45% in the past year, including dividends. Since the fund's
inception, the average annual return has been 7.76%.
