JNL/FAMCO Flex Core Covered Call Fund
Data updated: 2020-05-28
C000108989 — JNL/FAMCO Flex Core Covered Call Fund. Developed ex-US Blend / Core Equity · $112.11M AUM. Holdings, fees, performance and SEC filings.
C000108989 Fund Overview
JNL/FAMCO Flex Core Covered Call Fund is a US mutual fund managed by Jackson Variable Series Trust, categorised as Developed ex-US Blend / Core Equity. 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: Developed ex-US Blend / Core Equity
- Assets under management: $112.11M
- SEC CIK: 0001532747
- SEC series ID: S000035578
- Share class ID: C000108989
C000108989 Investment Objective and Strategy
JNL/FAMCO Flex Core Covered Call 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/FAMCO Flex Core Covered Call Fund (the Fund) is to seek long-term capital appreciation while reducing the downside risk of equity investments.
Principal investment strategy
Under normal market conditions, the Fund seeks to achieve its investment objective by investing in a portfolio of equity securities and writing (selling) call options on at least 80% of the Funds assets (net assets plus the amount of any borrowings made for investment purposes). Over a market cycle, the Fund seeks to achieve its objective by investing in a portfolio consisting primarily of large capitalization common stocks of U.S. corporations and U.S. dollar-denominated equity securities of foreign issuers (including American Depositary Receipts (ADRs)), in each case traded on U.S. securities exchanges, and on an ongoing basis, writing (selling) covered call options. Common stocks will be selected by Ziegler Capital Management, LLC, the Funds sub-adviser (the Sub-Adviser), utilizing a combination of its proprietary qualitative and quantitative selection criteria.
The Fund will normally write (sell) covered call options on the equity securities held by the Fund to seek to create income and mitigate the impact of market decline. A call option gives the purchaser of the option the right to buy, and a writer has the obligation to sell, the underlying security at the exercise price at any time prior to the expiration of the contract, regardless of the market price of the underlying security during the option period. The options the Fund intends to write (sell) are considered covered because the Fund will own equity securities against which the options are written (sold). As a result, the number of call options the Fund can write (sell) is limited by the number of equity securities the Fund holds in its portfolio. The Fund will not write (sell) naked call options (i.e., options on more equity securities than are held in the Funds portfolio).
The nature of the Funds portfolio is such that it may be expected to underperform equity markets during periods of sharply rising equity prices; conversely, the Fund seeks to reduce losses during periods of declining equity prices. The Fund may invest in securities issued by companies in the financial services sector.
C000108989 Costs and Fees
C000108989 costs about $96 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.96%
- Gross expense ratio: 0.96%
- Portfolio turnover: 64%
- Brokerage commissions: 20.13 bps of average net assets (SEC N-CEN)
C000108989 Cashflows
Over the 12 months to 2020-03, JNL/FAMCO Flex Core Covered Call Fund had net outflows of $16.98M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-03 | −$6.12M |
| 2020-02 | −$3.17M |
| 2020-01 | −$1.53M |
| 2019-12 | −$1.67M |
| 2019-11 | −$1.23M |
| 2019-10 | −$884.08K |
C000108989 Debt Constituents
No individual debt constituents are reported in JNL/FAMCO Flex Core Covered Call Fund's latest SEC N-PORT filing.
C000108989 Prospectus and SEC Filings
Official JNL/FAMCO Flex Core Covered Call 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 Developed ex-US Blend / Core Equity 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.