C000108993 Fees and Costs — JNL/Nicholas Convertible Arbitrage Fund, Class A
Data updated: 2020-05-28
The net expense ratio is 1.35%: a 0.72% management fee, a 0.30% 12b-1 fee plus 0.32% other expenses. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $57K in broker commissions, 0.0375% of average net assets, and portfolio turnover was 76%.
C000108993 Fees and Expenses
Annual operating expenses and sales charges of C000108993. Prospectus, as of April 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.72% |
| 12b-1 fee | 0.30% |
| Other expenses | 0.32% |
| Gross expense ratio | 1.35% |
| Fee waiver | — |
| Net expense ratio | 1.35% |
| 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 |
C000108993 Costs Over Time
On $10,000 invested in C000108993, assuming 5% a year before costs, total costs come to $861 over 5 years, cutting the return by 1.46% 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 1.35%) | $142 | $440 | $761 |
| Trading costs (broker commissions) | $4 | $12 | $21 |
| Lost growth on money paid in costs | $0 | $22 | $79 |
| Total costs | $146 | $475 | $861 |
| Value after costs | $10,354 | $11,101 | $11,902 |
| Impact on return, per year | 1.46% | 1.46% | 1.46% |
C000108993 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): 0.0375%
- Total broker commissions: $57K
- Bought from dealers (principal trades, not a cost): $513.3M
- Portfolio turnover (prospectus): 76%
- Securities lending: none during the year
C000108993 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Investment Technology Group Inc. | $17K | 34.49% |
| Morgan Stanley & Co, Inc | $16K | 31.50% |
| Stephens Inc. | $5K | 9.13% |
| Cowen and Company, LLC | $3K | 5.57% |
| JEFFERIES BACHE SECURITIES, LLC | $2K | 4.66% |
| Raymond James Financial | $2K | 4.57% |
| Suntrust Investment Services, Inc. | $2K | 3.25% |
| North South Capital | $2K | 2.99% |
| Stifel Financial Corporation | $1K | 2.09% |
| Pershing, LLC | $888 | 1.76% |
C000108993 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jackson National Asset Management, LLC | $247.7M | 55.66% |
| J.P. MORGAN | $54.2M | 12.19% |
| Barclays PLC | $34.4M | 7.74% |
| Goldman Sachs & Co. LLC | $21.2M | 4.77% |
| CitiGroup Global Markets, Inc. | $21.0M | 4.72% |
| Morgan Stanley & Co, Inc | $16.1M | 3.62% |
| JEFFERIES BACHE SECURITIES, LLC | $15.1M | 3.40% |
| Nomura Securities International, Inc. | $12.9M | 2.91% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $11.2M | 2.51% |
| Credit Suisse | $11.0M | 2.48% |
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.