C000079326 Fees and Costs — JNL/FPA + DoubleLine Flexible Allocation Fund, Class A
Data updated: 2020-05-28
The net expense ratio is 1.39%. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $303K in broker commissions, 0.0182% of average net assets, and portfolio turnover was 55%.
C000079326 Fees and Expenses
Annual operating expenses and sales charges of C000079326. Prospectus, as of April 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.66% |
| 12b-1 fee | 0.30% |
| Other expenses | 0.38% |
| Gross expense ratio | 1.39% |
| Fee waiver | — |
| Net expense ratio | 1.39% |
| 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 |
C000079326 Costs Over Time
On $10,000 invested in C000079326, assuming 5% a year before costs, total costs come to $874 over 5 years, cutting the return by 1.48% 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 1.39%) | $146 | $453 | $783 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $23 | $80 |
| Total costs | $148 | $482 | $874 |
| Value after costs | $10,352 | $11,094 | $11,889 |
| Impact on return, per year | 1.48% | 1.48% | 1.48% |
C000079326 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): 0.0182%
- Total broker commissions: $303K
- Bought from dealers (principal trades, not a cost): $2.0B
- Portfolio turnover (prospectus): 55%
- Securities on loan, average value: $5.1M
- Net income from securities lending: $28K (0.002% of average net assets)
C000079326 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Sanford C. Bernstein & Co., LLC | $48K | 21.23% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $45K | 19.64% |
| Barclays PLC | $30K | 13.32% |
| MUFJ Securities | $19K | 8.43% |
| J.P. MORGAN | $19K | 8.15% |
| Wells Fargo Securities, LLC | $17K | 7.64% |
| Jefferies Group | $14K | 6.25% |
| Daiwa Securities | $13K | 5.92% |
| Cowen and Company, LLC | $12K | 5.11% |
| JonesTrading Institutional Services, LLC | $10K | 4.30% |
C000079326 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jackson National Asset Management, LLC | $1.3B | 75.13% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $91.2M | 5.16% |
| Goldman Sachs & Co. LLC | $56.6M | 3.20% |
| Morgan Stanley & Co, Inc | $56.2M | 3.18% |
| J.P. MORGAN | $47.7M | 2.69% |
| CitiGroup Global Markets, Inc. | $42.8M | 2.42% |
| J.P. MORGAN SECURITIES, INC. | $41.0M | 2.32% |
| Nomura Securities International, Inc. | $37.7M | 2.13% |
| Wells Fargo Securities, LLC | $34.6M | 1.95% |
| Barclays PLC | $32.3M | 1.83% |
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.