Strategic Income Opportunities Fund (JIPAX)

What You Should Know

Fixed-income investments are subject to interest-rate and credit risk; their value will normally decline as interest rates rise or if the creditor is unable or unwilling to make principal or interest payments. Investments in higher-yielding, lower-rated securities involve additional risks as these securities include a higher risk of default and loss of principal. Foreign investing, especially in emerging markets, has additional risks, such as currency and market volatility and political and social instability. Currency transactions are impacted by fluctuations in exchange rates, which may adversely affect the U.S. dollar value of a fund’s investments. The use of hedging and derivatives transactions could produce disproportionate gains or losses and may increase volatility and costs. The distribution rate and income amounts reflect past amounts distributed and may not be indicative of future rates or income amounts. The distribution amounts paid by the Fund generally depend on the amount of income and/or dividends received by the Fund’s investments. The Fund may not be able to pay distributions or may have to reduce its distribution level if the amount of such income and/or dividends received from its investment decline. Therefore, distribution rates and income amounts can change at any time. For additional information on these and other risk considerations, please see the Fund's prospectus.