JNL/Invesco China-India Fund

Data updated: 2020-05-28

C000068011 — JNL/Invesco China-India Fund. Money Market · $418.04M AUM · 0.93% expense ratio. Holdings, fees, performance and SEC filings.

C000068011 Fund Overview

JNL/Invesco China-India Fund is a US mutual fund managed by JNL Series Trust, categorised as Money Market. 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: Money Market
Assets under management: $418.04M
SEC CIK: 0000933691
SEC series ID: S000019487
Share class ID: C000068011

C000068011 Investment Objective and Strategy

JNL/Invesco China-India 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 long-term capital growth.

Principal investment strategy

The Fund seeks to achieve its objective by investing normally 80% of its assets (net assets plus the amount of any borrowings made for investment purposes) in equity and equity-related securities (such as depositary receipts, convertible bonds and warrants) of corporations, which are incorporated in, or listed in, or have their area of primary activity in the Greater China region (including mainland China, Hong Kong, Macau and Taiwan) and India. The Fund seeks to achieve its objective by investing in the common stocks of companies that are identified by a model based on two separate specialized strategies. The Fund invests approximately 40% to 60% (with a target allocation of 50%) of its net assets in the China Strategy and approximately 40% to 60% (with a target allocation of 50%) of its net assets in the India Strategy, which are both explained as follows: China Strategy The objective of the China Strategy is to achieve long-term capital growth through a portfolio of investments with an exposure to the economy of the Greater China region (including mainland China, Hong Kong, Macau and Taiwan).

The China Strategy may include investments such as transferable securities, money market instruments, warrants, and collective investment schemes. The Fund may invest in China A-shares through the mutual market access program in which investors such as the Fund can deal in permitted securities listed on the relevant stock exchanges in mainland China through The Stock Exchanges of Hong Kong Limited and clearing house in Hong Kong or other stock exchanges in the future as permitted by the regulators and their respective clearing house (Connect Program). India Strategy The objective of the India Strategy is to achieve long-term capital growth by investing principally in equity or similar instruments of Indian companies. At least 70% of the total assets of the India Strategy (after deducting ancillary liquid assets) shall be invested in equity and equity related securities issued by Indian Companies.

Indian Companies are defined as (i) companies having their registered office in India (ii) companies located outside India carrying out their business activities predominantly in India, or (iii) holding companies, which are predominantly invested in companies with their registered office in India. Up to 30% of the total assets of the India Strategy may be invested in cash and cash equivalents, money market instruments, equity and equity related securities issued by companies or other entities not meeting the above requirements or debt securities (including convertible debt) of issuers worldwide and denominated in any convertible currency. While each of these specialized strategies seeks to provide capital growth, each specialized strategy follows a different principal investment strategy. The investments of the Fund include, but are not limited to, listed securities in the regulated market, which operates regularly and is recognized, depositary receipts (including American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs)), debt securities convertible into common shares, preference shares, warrants and initial public offerings.

Consistent with the Funds objectives, the Fund may from time to time purchase derivative securities, including, but not limited to, forward currency contracts, futures, and options to, among other reasons, manage foreign currency and security exposure, provide liquidity, provide exposure not otherwise available, manage risk and implement investment strategies in a more efficient manner. Derivatives will not be used, however, to leverage the Funds exposure above its total net assets. The Fund also intends to invest in real estate investment trusts (REITs). 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.

C000068011 Costs and Fees

C000068011 costs about $93 per $10,000 invested per year in fund expenses.

Net expense ratio: 0.93%
Gross expense ratio: 0.93%
Portfolio turnover: 30%
Brokerage commissions: 16.74 bps of average net assets (SEC N-CEN)

C000068011 Cashflows

Over the 12 months to 2020-03, JNL/Invesco China-India Fund had net outflows of $45.28M, from monthly SEC N-PORT filings.

Month	Net flow
2020-03	−$20.34M
2020-02	−$12.91M
2020-01	−$6.22M
2019-12	$1.98M
2019-11	−$6.16M
2019-10	$19.92M

C000068011 Debt Constituents

No individual debt constituents are reported in JNL/Invesco China-India Fund's latest SEC N-PORT filing.

C000068011 Prospectus and SEC Filings

Official JNL/Invesco China-India Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Money Market 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.