C000064661 Fees and Costs — JNL/Mellon Energy 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 $27K in broker commissions, 0.0024% of average net assets, and portfolio turnover was 7%.
C000064661 Fees and Expenses
Annual operating expenses and sales charges of C000064661. 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 |
C000064661 Costs Over Time
On $10,000 invested in C000064661, assuming 5% a year before costs, total costs come to $186 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 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $5 | $17 |
| Total costs | $31 | $101 | $186 |
| Value after costs | $10,469 | $11,475 | $12,577 |
| Impact on return, per year | 0.31% | 0.31% | 0.31% |
C000064661 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): 0.0024%
- Total broker commissions: $27K
- Bought from dealers (principal trades, not a cost): $38.4M
- Portfolio turnover (prospectus): 7%
- Securities on loan, average value: $26.0M
- Net income from securities lending: $214K (0.019% of average net assets)
C000064661 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $5K | 19.26% |
| BTIG, LLC | $4K | 17.90% |
| Cantor Fitzgerald Europe | $4K | 16.53% |
| JP Morgan Securities Inc. | $3K | 10.44% |
| Investment Technology Group Inc. | $2K | 7.35% |
| CitiGroup Global Markets, Inc. | $2K | 7.02% |
| UBS Securities LLC | $2K | 6.82% |
| KCG Holdings | $2K | 6.68% |
| HSBC Securities (USA) Inc. | $1K | 4.43% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $868 | 3.57% |
C000064661 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $31.6M | 82.39% |
| JP Morgan Securities Inc. | $3.8M | 9.84% |
| Morgan Stanley & Co, Inc | $3.0M | 7.78% |
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.