C000004599 Fees and Costs — JNL/Mellon Nasdaq 100 Index Fund, Class A
Data updated: 2020-05-28
The net expense ratio is 0.67%: a 0.17% management fee, a 0.30% 12b-1 fee plus 0.20% other expenses. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $13K in broker commissions, 0.0004% of average net assets, and portfolio turnover was 7%.
C000004599 Fees and Expenses
Annual operating expenses and sales charges of C000004599. Prospectus, as of April 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.17% |
| 12b-1 fee | 0.30% |
| Other expenses | 0.20% |
| Gross expense ratio | 0.67% |
| Fee waiver | — |
| Net expense ratio | 0.67% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000004599 Costs Over Time
On $10,000 invested in C000004599, assuming 5% a year before costs, total costs come to $422 over 5 years, cutting the return by 0.70% 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 0.67%) | $70 | $220 | $383 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $11 | $39 |
| Total costs | $70 | $231 | $422 |
| Value after costs | $10,430 | $11,345 | $12,341 |
| Impact on return, per year | 0.70% | 0.70% | 0.70% |
C000004599 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0004%
- Total broker commissions: $13K
- Bought from dealers (principal trades, not a cost): $566.8M
- Portfolio turnover (prospectus): 7%
- Securities on loan, average value: $20.7M
- Net income from securities lending: $186K (0.006% of average net assets)
C000004599 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $11K | 86.10% |
| Cantor Fitzgerald Europe | $768 | 6.02% |
| JP Morgan Securities Inc. | $491 | 3.85% |
| Scotia Captial (USA), Inc. | $209 | 1.64% |
| KCG Holdings | $202 | 1.58% |
| Barclays PLC. | $62 | 0.48% |
| CitiGroup Global Markets, Inc. | $41 | 0.32% |
C000004599 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co, Inc | $348.3M | 61.44% |
| Goldman Sachs & Co. LLC | $115.5M | 20.37% |
| JP Morgan Securities Inc. | $91.5M | 16.14% |
| MacQuarie Capital Inc. | $11.6M | 2.05% |
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.