C000054136 Fees and Costs — JNL/Goldman Sachs Competitive Advantage 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 $125K in broker commissions, 0.0056% of average net assets, and portfolio turnover was 43%.
C000054136 Fees and Expenses
Annual operating expenses and sales charges of C000054136. 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 |
C000054136 Costs Over Time
On $10,000 invested in C000054136, assuming 5% a year before costs, total costs come to $419 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 0.66%) | $69 | $217 | $378 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $11 | $38 |
| Total costs | $70 | $230 | $419 |
| Value after costs | $10,430 | $11,347 | $12,344 |
| Impact on return, per year | 0.70% | 0.70% | 0.70% |
C000054136 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): 0.0056%
- Total broker commissions: $125K
- Bought from dealers (principal trades, not a cost): $817.3M
- Portfolio turnover (prospectus): 43%
- Securities on loan, average value: $58.2M
- Net income from securities lending: $200K (0.009% of average net assets)
C000054136 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CitiGroup Global Markets, Inc. | $30K | 24.90% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $28K | 23.17% |
| Morgan Stanley & Co, Inc | $19K | 15.94% |
| J.P. MORGAN | $13K | 10.51% |
| HSBC Securities (USA) Inc. | $10K | 7.94% |
| Goldman Sachs & Co. LLC | $9K | 7.29% |
| SG Americas Securities, LLC | $5K | 4.09% |
| KCG Holdings | $3K | 2.33% |
| J.P. MORGAN CLEARING CORP. | $3K | 2.14% |
| UBS Limited | $2K | 1.69% |
C000054136 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jackson National Asset Management, LLC | $658.9M | 80.62% |
| J.P. MORGAN | $122.2M | 14.95% |
| Goldman Sachs & Co. LLC | $36.2M | 4.43% |
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.