C000039490 Fees and Costs — JNL/AQR Large Cap Relaxed Constraint Equity Fund, Class A
Data updated: 2021-05-27
The net expense ratio is 1.74%: a 0.69% management fee, a 0.30% 12b-1 fee plus 0.75% other expenses. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $22K in broker commissions, 0.0080% of average net assets, and portfolio turnover was 85%.
C000039490 Fees and Expenses
Annual operating expenses and sales charges of C000039490. Prospectus, as of April 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.69% |
| 12b-1 fee | 0.30% |
| Other expenses | 0.75% |
| Gross expense ratio | 1.74% |
| Fee waiver | — |
| Net expense ratio | 1.74% |
| 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 |
C000039490 Costs Over Time
On $10,000 invested in C000039490, assuming 5% a year before costs, total costs come to $1,077 over 5 years, cutting the return by 1.84% 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 1.74%) | $183 | $566 | $973 |
| Trading costs (broker commissions) | $1 | $3 | $4 |
| Lost growth on money paid in costs | $0 | $28 | $99 |
| Total costs | $184 | $597 | $1,077 |
| Value after costs | $10,316 | $10,980 | $11,686 |
| Impact on return, per year | 1.84% | 1.84% | 1.84% |
C000039490 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0080%
- Total broker commissions: $22K
- Bought from dealers (principal trades, not a cost): $109.3M
- Portfolio turnover (prospectus): 85%
- Securities on loan, average value: $529K
- Net income from securities lending: $14K (0.005% of average net assets)
C000039490 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $8K | 33.49% |
| Credit Suisse | $5K | 22.28% |
| CitiGroup Global Markets, Inc. | $3K | 12.41% |
| J.P. MORGAN | $3K | 12.36% |
| Sanford C. Bernstein & Co., LLC | $3K | 11.40% |
| Jane Street Execution Services, LLC | $683 | 3.05% |
| Morgan Stanley & Co, Inc | $514 | 2.29% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $378 | 1.69% |
| Merrill Lynch International LLC | $197 | 0.88% |
| Deutsche Bank Securities, Inc | $34 | 0.15% |
C000039490 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jackson National Asset Management, LLC | $109.3M | 99.96% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $39K | 0.04% |
| Morgan Stanley & Co, Inc | $6K | 0.01% |
| Credit Suisse | $2K | 0.00% |
| Goldman Sachs & Co. LLC | −$11 | -0.00% |
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.