JIPAX Performance — Strategic Income Opportunities Fund, Class A
Data updated: 2026-07-27
JIPAX returned +1.50% year to date and +6.48% over one year to May 2026. Annualised returns are +5.39% over 3 years and +1.28% over 5 years. The fund trailed its Global Intermediate Corporate Bond category average: $100 invested three years ago grew to $117, against $126 for the category, and to $106 over one year, against $107. Volatility over the past three years was 4.71% a year. In the 12 months to May 2026 the fund lost a net $295.7M, and assets reached $2.46B.
JIPAX Growth of $100
What $100 invested in Strategic Income Opportunities Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Global Intermediate Corporate Bond category average over the same months.
| Period | JIPAX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $106 | $107 |
| 3 years (Jun 2023 – May 2026) | $117 | $126 |
| 5 years (Jun 2021 – May 2026) | $107 | $114 |
| Since data start (Sep 2019 – May 2026) | $118 | $127 |
JIPAX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.50% |
| 1 year | +6.48% |
| 3 years (annualised) | +5.39% |
| 5 years (annualised) | +1.28% |
JIPAX Annual Returns
Calendar-year total returns of Strategic Income Opportunities Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +1.50% |
| 2025 | +7.16% |
| 2024 | +2.79% |
| 2023 | +7.30% |
| 2022 | −10.41% |
| 2021 | +0.69% |
| 2020 | +8.13% |
| 2019 (Sep–Dec) | +1.16% |
JIPAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.8% | +1.1% | −2.2% | +1.3% | +0.6% | — | — | — | — | — | — | — |
| 2025 | +0.9% | +0.7% | −0.4% | +0.2% | +0.8% | +1.7% | +0.1% | +1.3% | +0.9% | +0.3% | +0.3% | +0.3% |
| 2024 | −0.2% | −0.5% | +0.9% | −2.1% | +1.4% | +0.6% | +1.6% | +1.6% | +1.4% | −1.9% | +1.0% | −0.8% |
| 2023 | +3.2% | −2.4% | +2.4% | +0.4% | −1.0% | +0.8% | +0.7% | −0.9% | −2.0% | −1.2% | +4.3% | +3.1% |
| 2022 | −2.2% | −1.3% | −0.9% | −3.4% | +0.2% | −3.9% | +3.2% | −1.7% | −3.9% | +0.5% | +3.1% | −0.2% |
| 2021 | −0.4% | +0.2% | −0.1% | +1.3% | +0.6% | −0.3% | +0.2% | +0.1% | −0.8% | −0.4% | −1.0% | +1.2% |
| 2020 | +1.1% | −1.1% | −7.0% | +3.4% | +2.2% | +1.4% | +3.4% | +0.9% | −0.7% | +0.5% | +3.0% | +1.3% |
| 2019 | — | — | — | — | — | — | — | — | −0.2% | +0.7% | −0.1% | +0.7% |
JIPAX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 4.71%
- 3-year Sharpe ratio: 0.19 (vs 4.5% risk-free rate)
- Best month: +4.32% (Nov 2023)
- Worst month: −2.19% (Mar 2026)
JIPAX Fund Flows
Monthly money in and out of Strategic Income Opportunities Fund, from SEC Form N-PORT.
- 12-month net flow: −$295.7M
- 12-month gross sales (incl. reinvestments): $628.0M
- Sales ÷ redemptions: 0.68×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $27.7M | $18.6M | $9.1M |
| Apr 2026 | $183.3M | $75.3M | $108.0M |
| Mar 2026 | $150.3M | $54.3M | $96.0M |
| Feb 2026 | $22.4M | $36.4M | −$13.9M |
| Jan 2026 | $26.4M | $216.3M | −$189.9M |
| Dec 2025 | $47.3M | $209.3M | −$162.0M |
| Nov 2025 | $27.3M | $50.4M | −$23.0M |
| Oct 2025 | $33.4M | $62.9M | −$29.5M |
| Sep 2025 | $28.7M | $44.6M | −$16.0M |
| Aug 2025 | $25.5M | $69.9M | −$44.4M |
| Jul 2025 | $30.0M | $49.5M | −$19.4M |
| Jun 2025 | $25.8M | $36.3M | −$10.4M |
JIPAX Assets Under Management
Net assets of Strategic Income Opportunities Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $2.46B |
| 2026-02-28 | $2.27B |
| 2025-11-30 | $2.61B |
| 2025-08-31 | $2.66B |
| 2025-05-31 | $2.68B |
| 2025-02-28 | $2.81B |
| 2024-11-30 | $2.94B |
| 2024-08-31 | $2.99B |
| 2024-05-31 | $3.01B |
| 2024-02-29 | $3.06B |
| 2023-11-30 | $3.19B |
| 2023-08-31 | $3.34B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.