C000054124 Fees and Costs — JNL/Goldman Sachs Intrinsic Value Fund, Class A
Data updated: 2021-05-27
The net expense ratio is 0.66%: a 0.26% management fee, a 0.30% 12b-1 fee plus 0.10% other expenses. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $258K in broker commissions, 0.0134% of average net assets, and portfolio turnover was 59%.
C000054124 Fees and Expenses
Annual operating expenses and sales charges of C000054124. Prospectus, as of April 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.26% |
| 12b-1 fee | 0.30% |
| Other expenses | 0.10% |
| Gross expense ratio | 0.66% |
| Fee waiver | — |
| Net expense ratio | 0.66% |
| 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 |
C000054124 Costs Over Time
On $10,000 invested in C000054124, assuming 5% a year before costs, total costs come to $424 over 5 years, cutting the return by 0.71% 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 0.66%) | $69 | $217 | $378 |
| Trading costs (broker commissions) | $1 | $4 | $8 |
| Lost growth on money paid in costs | $0 | $11 | $39 |
| Total costs | $71 | $232 | $424 |
| Value after costs | $10,429 | $11,344 | $12,339 |
| Impact on return, per year | 0.71% | 0.71% | 0.71% |
C000054124 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): 0.0134%
- Total broker commissions: $258K
- Bought from dealers (principal trades, not a cost): $870.1M
- Portfolio turnover (prospectus): 59%
- Securities on loan, average value: $21.7M
- Net income from securities lending: $621K (0.032% of average net assets)
C000054124 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $74K | 30.37% |
| CitiGroup Global Markets, Inc. | $56K | 22.90% |
| Morgan Stanley & Co, Inc | $38K | 15.58% |
| J.P. MORGAN | $25K | 10.29% |
| HSBC Securities (USA) Inc. | $14K | 5.70% |
| KCG Holdings | $14K | 5.52% |
| Goldman Sachs & Co. LLC | $9K | 3.71% |
| SG Americas Securities, LLC | $9K | 3.61% |
| UBS Limited | $3K | 1.23% |
| Sanford C. Bernstein & Co., LLC | $3K | 1.09% |
C000054124 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jackson National Asset Management, LLC | $638.3M | 73.35% |
| J.P. MORGAN | $191.7M | 22.04% |
| Goldman Sachs & Co. LLC | $40.1M | 4.61% |
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.