C000102951 Fees and Costs — JNL/AQR Managed Futures Strategy Fund, Class A
Data updated: 2021-05-27
The net expense ratio is 1.31%. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $124K in broker commissions, 0.1498% of average net assets, and portfolio turnover was 0%.
C000102951 Fees and Expenses
Annual operating expenses and sales charges of C000102951. Prospectus, as of April 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.30% |
| Other expenses | 0.16% |
| Gross expense ratio | 1.31% |
| Fee waiver | — |
| Net expense ratio | 1.31% |
| 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 |
C000102951 Costs Over Time
On $10,000 invested in C000102951, assuming 5% a year before costs, total costs come to $905 over 5 years, cutting the return by 1.53% 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 1.31%) | $138 | $427 | $737 |
| Trading costs (broker commissions) | $16 | $49 | $84 |
| Lost growth on money paid in costs | $0 | $24 | $83 |
| Total costs | $153 | $500 | $905 |
| Value after costs | $10,347 | $11,077 | $11,858 |
| Impact on return, per year | 1.53% | 1.53% | 1.53% |
C000102951 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.1498%
- Total broker commissions: $124K
- Bought from dealers (principal trades, not a cost): $499.4M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
C000102951 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $56K | 45.13% |
| J.P. MORGAN | $34K | 27.12% |
| Morgan Stanley & Co, Inc | $25K | 20.29% |
| Barclays PLC | $9K | 7.46% |
C000102951 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN | $304.9M | 62.25% |
| Jackson National Asset Management, LLC | $102.0M | 20.82% |
| MELLON BANK | $20.1M | 4.11% |
| Morgan Stanley & Co, Inc | $20.0M | 4.08% |
| JEFFERIES BACHE SECURITIES, LLC | $11.9M | 2.43% |
| SMBC Nikko Securities America, Inc. | $7.7M | 1.58% |
| WACHOVIA SECURITIES, LLC | $6.7M | 1.38% |
| Merrill Lynch International LLC | $5.9M | 1.20% |
| Scotia Captial (USA), Inc. | $5.7M | 1.17% |
| Banc of America Securities | $4.8M | 0.99% |
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.