JIPPX Fees and Costs — Strategic Income Opportunities Fund, Class R2
Data updated: 2026-07-27
The net expense ratio is 1.15%: a 0.64% management fee, a 0.25% 12b-1 fee plus 0.31% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 37%.
JIPPX Fees and Expenses
Annual operating expenses and sales charges of JIPPX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.64% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.31% |
| Gross expense ratio | 1.20% |
| Fee waiver | −0.05% |
| Net expense ratio | 1.15% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
JIPPX Costs Over Time
On $10,000 invested in JIPPX, assuming 5% a year before costs, total costs come to $717 over 5 years, cutting the return by 1.21% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.15%) | $121 | $376 | $651 |
| Lost growth on money paid in costs | $0 | $19 | $66 |
| Total costs | $121 | $395 | $717 |
| Value after costs | $10,379 | $11,181 | $12,046 |
| Impact on return, per year | 1.21% | 1.21% | 1.21% |
JIPPX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $5.0B
- Portfolio turnover (prospectus): 37%
- Securities on loan, average value: $17.9M
- Net income from securities lending: $95K (0.003% of average net assets)
JIPPX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $1.8B | 46.56% |
| J.P. Morgan Securities LLC | $414.0M | 10.64% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $351.9M | 9.05% |
| Citigroup Global Markets Holdings Inc. | $249.7M | 6.42% |
| Morgan Stanley & Co. LLC | $215.2M | 5.53% |
| Barclays Bank PLC | $203.4M | 5.23% |
| Wells Fargo Securities, LLC | $185.7M | 4.78% |
| Goldman Sachs & Co. LLC | $166.8M | 4.29% |
| Westpac Banking Corporation | $161.3M | 4.15% |
| BNP Paribas | $130.8M | 3.36% |
Strategic Income Opportunities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JHSEX | Class NAV | 0.65% | — |
| JIPRX | Class R6 | 0.65% | — |
| JIPIX | Class I | 0.76% | — |
| JIPAX | Class A | 1.06% | — |
| JIPPX | Class R2 | 1.15% | — |
| JIPCX | Class C | 1.76% | — |
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.