JNL Conservative Allocation Fund
Data updated: 2020-05-28
C000108979 — JNL Conservative Allocation Fund. Money Market · $505.63M AUM · 1.21% expense ratio. Holdings, fees, performance and SEC filings.
C000108979 Fund Overview
JNL Conservative Allocation Fund is a US mutual fund managed by Jackson Variable 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: Jackson Variable Series Trust
- Category: Money Market
- Assets under management: $505.63M
- SEC CIK: 0001532747
- SEC series ID: S000035568
- Share class ID: C000108979
C000108979 Investment Objective and Strategy
JNL Conservative Allocation Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Jackson Variable Series Trust.
Investment objective
The investment objective of the JNL Conservative Allocation Fund (the Fund) is to seek the generation of income through investment in other funds (the Underlying Funds).
Principal investment strategy
The Fund seeks to achieve its objective by investing in Class I shares of the Underlying Funds. The Fund allocates its assets to Underlying Funds that invest primarily in fixed income and other income-oriented securities (including high-yield (junk) bonds) of issuers in the U.S. and foreign countries, including emerging markets. The Underlying Funds in which the Fund may invest each are a separate series of the Jackson Variable Series Trust, JNL Series Trust, JNL Variable Fund LLC, or JNL Investors Series Trust. Not all Funds of the Jackson Variable Series Trust, JNL Series Trust, JNL Variable Fund LLC, or JNL Investors Series Trust are available as Underlying Funds. Please refer to the Additional Information About Each Fund section of the Prospectus for a list of available Underlying Funds.
Under normal circumstances, the Fund allocates approximately 0% to 40% of its assets to Underlying Funds that invest primarily in equity securities, 60% to 100% to Underlying Funds that invest primarily in fixed-income securities and 0% to 20% of its assets to Underlying Funds that invest primarily in money market securities. The Fund allocates its assets among Underlying Funds categorized by the Adviser into the following investment categories: Alternative Assets Alternative Strategies Domestic/Global Equity Domestic/Global Fixed-Income International International Fixed-Income Risk Management Sector Specialty Tactical Management The Fund considers the Underlying Funds in the Domestic/Global Fixed Income and International Fixed Income investment categories to be funds that invest primarily in fixed income securities, and the Underlying Funds in the Domestic/Global Equity, International, Sector, and Specialty investment categories to be funds that invest primarily in equity securities.
The Underlying Funds in the Risk Management and Tactical Management investment categories include funds that can invest in a variety of asset classes in various proportions, may take measures to manage risk and/or adapt to prevailing market conditions and may have significant exposure to both fixed income and equity securities. To the extent the Fund invests in one of these Underlying Funds, the Funds exposure to fixed income securities and equity securities will be allocated according to the Underlying Funds relative exposure to these asset classes. The Fund considers the Underlying Funds in the Alternative Assets and Alternative Strategies investment categories to be funds that invest primarily in alternative assets and employ alternative strategies. Each Underlying Fund has its own investment objective and invests in certain types of securities or other assets in order to implement its investment strategy and seek to achieve its investment objective.
Those types of securities or other assets include, but are not limited to: equity securities (such as common stock, preferred stock, and convertible securities), equity futures, equity swaps, currency forwards, currency futures, commodity futures and swaps, bond futures, fixed income swaps, interest rate swaps, and inflation swaps; U.S. and foreign government bonds, including inflation protected bonds (such as Treasury Inflation Protected Securities); bank loans; cash and cash equivalents, including but not limited to money market fund shares. These holdings can include investment exposure to both developed and emerging markets, and may be illiquid or thinly traded. Securities held by the Underlying Funds may be denominated in U.S. and/or non-U.S. currencies. An Underlying Fund may be leveraged and therefore could be subject to a heightened risk of loss.
The leverage involved in certain derivative transactions may result in an Underlying Funds net asset value being more sensitive to changes in the value of the related investment. Some of the Underlying Funds, particularly those classified as fixed-income strategies, may hold a significant amount of asset-backed securities, mortgage-backed securities, derivatives, and/or junk bonds in order to execute their investment strategies. In determining allocations to any particular Underlying Fund, the Adviser considers, among other things, long-term market and economic conditions, historical performance of each Underlying Fund, and expected long-term performance of each Underlying Fund, as well as diversification to control overall portfolio risk exposure. The Adviser may change the Underlying Funds in which the Fund invests from time to time at its discretion without notice or shareholder approval.
Therefore, the Fund may invest in Underlying Funds that are not listed in the statutory prospectus. The Fund is non-diversified, 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.
C000108979 Costs and Fees
C000108979 costs about $121 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.21%
- Gross expense ratio: 1.21%
- Portfolio turnover: 50%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000108979 Cashflows
Over the 12 months to 2020-03, JNL Conservative Allocation Fund had net inflows of $124.99M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-03 | $47.37M |
| 2020-02 | $17.77M |
| 2020-01 | $17.57M |
| 2019-12 | −$6.69M |
| 2019-11 | $5.79M |
| 2019-10 | $9.56M |
C000108979 Debt Constituents
No individual debt constituents are reported in JNL Conservative Allocation Fund's latest SEC N-PORT filing.
C000108979 Prospectus and SEC Filings
Official JNL Conservative Allocation 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 2019-03-15
- Annual census, amended (N-CEN/A) — filed 2020-03-16
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.