JNL/Goldman Sachs Emerging Markets Debt Fund
Data updated: 2020-05-28
C000067950 — JNL/Goldman Sachs Emerging Markets Debt Fund. Commodity · $219.13M AUM · 1.08% expense ratio. Holdings, fees, performance and SEC filings.
C000067950 Fund Overview
JNL/Goldman Sachs Emerging Markets Debt Fund is a US mutual fund managed by JNL Series Trust, categorised as Commodity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: JNL Series Trust
- Category: Commodity
- Assets under management: $219.13M
- SEC CIK: 0000933691
- SEC series ID: S000023246
- Share class ID: C000067950
C000067950 Investment Objective and Strategy
JNL/Goldman Sachs Emerging Markets Debt Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by JNL Series Trust.
Investment objective
The investment objective of the Fund is a high level of total return consisting of income and capital appreciation.
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 sovereign and corporate debt securities and other instruments of issuers in emerging countries, denominated in any currency. Such instruments may include credit linked notes and other investments with similar economic exposures. Emerging market countries include but are not limited to those considered to be developing by the World Bank. Generally, Goldman Sachs Asset Management, L.P. (Sub-Adviser) has broad discretion to identify other countries that it considers to qualify as emerging markets countries. The majority of these countries are likely to be located in Asia, South and Central America, the Middle East, Central and Eastern Europe, and Africa.
Sovereign debt consists of debt securities issued by governments or any of their agencies, political subdivisions or instrumentalities, denominated in the currency of that country, and may also include nominal and real inflation-linked securities. In determining whether an issuer of corporate debt is in an emerging market country, the Sub-Adviser will ordinarily do so by identifying the issuers country of risk. The issuers country of risk is determined based on a number of criteria, including its country of domicile, the primary stock exchange on which it trades, the location from which the majority of its revenue comes, and its reporting currency. Although the Sub-Adviser will generally rely on an issuers country of risk as determined by Bloomberg, it is not required to do so. Many of the countries in which the Fund invests will have sovereign ratings that are below investment grade or are unrated (commonly referred to as junk bonds).
Additionally, the Fund intends to use structured securities or derivatives, including but not limited to credit linked notes, financial future contracts, forward contracts (including non-deliverable bond forward contracts) and swap contracts, to attempt to improve the performance of the Fund and to gain exposure to certain countries or currencies in the Funds investment portfolio in accordance with its investment objective. The Funds investments in these instruments may be significant. These transactions may result in substantial realized and unrealized capital gains and losses relative to the gains and losses from the Funds investments in bonds and other securities. Short-term and long-term realized capital gains distributions paid by the Fund are taxable to its shareholders. The Fund is a non-diversified fund, as defined in the Investment Company Act of 1940, as amended (the 1940 Act), and may invest more of its assets in fewer issuers than diversified mutual funds.
C000067950 Costs and Fees
C000067950 costs about $108 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.08%
- Gross expense ratio: 1.08%
- Portfolio turnover: 85%
- Brokerage commissions: 0.46 bps of average net assets (SEC N-CEN)
C000067950 Cashflows
Over the 12 months to 2020-03, JNL/Goldman Sachs Emerging Markets Debt Fund had net outflows of $35.82M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-03 | −$7.78M |
| 2020-02 | −$3.97M |
| 2020-01 | −$3.32M |
| 2019-12 | −$2.45M |
| 2019-11 | −$2.59M |
| 2019-10 | −$4.21M |
C000067950 Debt Constituents
No individual debt constituents are reported in JNL/Goldman Sachs Emerging Markets Debt Fund's latest SEC N-PORT filing.
C000067950 Prospectus and SEC Filings
Official JNL/Goldman Sachs Emerging Markets Debt 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 2020-05-28
- Portfolio holdings (N-PORT) — filed 2020-02-28
- Portfolio holdings (N-PORT) — filed 2019-11-27
- Annual census (N-CEN) — filed 2020-03-16
- Annual census (N-CEN) — filed 2019-03-15
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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.