MMP IRAP losing money

Anyone else irritated that the MMP IRAP again lost money this period? Given the market conditions, this seems like fraud or some kind of fiduciary problem.

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Pick different funds.
Mine made +11.7% last 12 mo’s

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Mine’s doing fine as well.

If you’re referring to the net balance of the whole fund that might have something to do with the roughly $32 million that was paid out to retirees requesting a distribution or rollover.