C000064660 Fees and Costs — JNL/Mellon Financial Sector Fund, Class I
Data updated: 2020-05-28
The net expense ratio is 0.29%: a 0.18% management fee plus 0.16% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $18K in broker commissions, 0.0014% of average net assets, and portfolio turnover was 6%.
C000064660 Fees and Expenses
Annual operating expenses and sales charges of C000064660. Prospectus, as of April 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.18% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.16% |
| Gross expense ratio | 0.34% |
| Fee waiver | −0.05% |
| Net expense ratio | 0.29% |
| 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 |
C000064660 Costs Over Time
On $10,000 invested in C000064660, assuming 5% a year before costs, total costs come to $185 over 5 years, cutting the return by 0.31% 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 0.29%) | $30 | $96 | $167 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $5 | $17 |
| Total costs | $31 | $101 | $185 |
| Value after costs | $10,469 | $11,475 | $12,578 |
| Impact on return, per year | 0.31% | 0.31% | 0.31% |
C000064660 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): 0.0014%
- Total broker commissions: $18K
- Bought from dealers (principal trades, not a cost): $68.5M
- Portfolio turnover (prospectus): 6%
- Securities on loan, average value: $10.9M
- Net income from securities lending: $48K (0.004% of average net assets)
C000064660 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $7K | 43.78% |
| Cantor Fitzgerald Europe | $2K | 10.22% |
| CitiGroup Global Markets, Inc. | $1K | 7.71% |
| JP Morgan Securities Inc. | $1K | 7.38% |
| KCG Holdings | $992 | 6.25% |
| Investment Technology Group Inc. | $975 | 6.14% |
| Sanford C. Bernstein & Co., LLC | $912 | 5.74% |
| UBS Securities LLC | $842 | 5.30% |
| Barclays PLC | $678 | 4.27% |
| Piper Jaffray Companies | $510 | 3.21% |
C000064660 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $68.0M | 99.23% |
| MacQuarie Capital Inc. | $384K | 0.56% |
| JP Morgan Securities Inc. | $144K | 0.21% |
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.