JNL/Mellon Capital Healthcare Sector Fund
Data updated: 2020-05-29
C000064659 — JNL/Mellon Capital Healthcare Sector Fund. United States Blend / Core Health Care Equity. Holdings, fees, performance and SEC filings.
C000064659 Fund Overview
JNL/Mellon Capital Healthcare Sector Fund is a US mutual fund managed by JNL Variable Fund LLC, categorised as United States Blend / Core Health Care Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: JNL Variable Fund LLC
- Category: United States Blend / Core Health Care Equity
- Assets under management: $2.78B
- SEC CIK: 0001072428
- SEC series ID: S000001697
- Share class ID: C000064659
C000064659 Investment Objective and Strategy
JNL/Mellon Capital Healthcare Sector Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by JNL Variable Fund LLC.
Investment objective
The objective of the Fund is total return through capital appreciation and dividend income.
Principal investment strategy
The Fund invests under normal circumstances at least 80% of its assets (net assets plus the amount of any borrowings made for investment purposes) in the securities in the MSCI USA IMI Health Care Index (Index) in proportion to their market capitalization weighting in the Index. The Fund seeks to achieve its objective by utilizing a replication investment approach, called indexing, which attempts to replicate the investment performance of the Index. Indexing may offer a cost-effective investment approach to gaining sector exposure over the long term. Indexing may eliminate the chance that a Fund will outperform the Index, but also may reduce some of the risk of active management, such as poor security selection. As of December 31, 2017 , the market capitalization range of the Index was $46.45 million to $348.60 billion .
The Funds ability to achieve significant correlation with the performance of the Index may be affected by changes in shareholder flows, securities markets and changes in the composition of the Index. Certain provisions of the Investment Company Act of 1940, as amended (the 1940 Act) and the Internal Revenue Code of 1986, as amended, may limit the ability of the Fund to invest in certain securities in excess of certain percentage limitations. The Fund may also invest in a combination of exchange-traded funds (ETFs) and cash to maintain correlation to its index, to assist with index re-balances, and to meet redemption or purchase requests. The Fund may invest in financial futures, a type of derivative, that may be used to obtain market exposure consistent with the Funds investment objective and strategies, to provide liquidity for cash flows, to hedge dividend accruals or for other purposes that facilitate meeting the Funds objective.
The Fund is non-diversified under the 1940 Act and may invest more of its assets in fewer issuers than diversified mutual funds.
C000064659 Costs and Fees
C000064659 costs about $28 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.28%
- Gross expense ratio: 0.33%
- Portfolio turnover: 10%
- Brokerage commissions: 0.09 bps of average net assets (SEC N-CEN)
C000064659 Cashflows
Over the 12 months to 2020-03, JNL/Mellon Capital Healthcare Sector Fund had net outflows of $332.36M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-03 | −$44.19M |
| 2020-02 | −$54.09M |
| 2020-01 | −$34.32M |
| 2019-12 | −$20.95M |
| 2019-11 | −$22.97M |
| 2019-10 | −$43.21M |
C000064659 Debt Constituents
No individual debt constituents are reported in JNL/Mellon Capital Healthcare Sector Fund's latest SEC N-PORT filing.
C000064659 Prospectus and SEC Filings
Official JNL/Mellon Capital Healthcare Sector Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2019-05-15
- Prospectus (485BPOS) — filed 2018-05-16
- Prospectus (485BPOS) — filed 2017-10-11
- Portfolio holdings (N-PORT) — filed 2020-05-29
- Portfolio holdings (N-PORT) — filed 2020-02-28
- Portfolio holdings (N-PORT) — filed 2019-11-27
- Annual census (N-CEN) — filed 2019-03-15
- Annual census, amended (N-CEN/A) — filed 2020-03-16
Related Funds
Other United States Blend / Core Health Care Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.