C000108996 Fees and Costs — JNL/Mellon Equity Income Fund, Class A
Data updated: 2020-05-28
The net expense ratio is 0.91%: a 0.45% management fee, a 0.30% 12b-1 fee plus 0.16% other expenses. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $172K in broker commissions, 0.0492% of average net assets, and portfolio turnover was 66%.
C000108996 Fees and Expenses
Annual operating expenses and sales charges of C000108996. Prospectus, as of April 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.30% |
| Other expenses | 0.16% |
| Gross expense ratio | 0.91% |
| Fee waiver | — |
| Net expense ratio | 0.91% |
| 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 |
C000108996 Costs Over Time
On $10,000 invested in C000108996, assuming 5% a year before costs, total costs come to $600 over 5 years, cutting the return by 1.01% 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 0.91%) | $96 | $298 | $517 |
| Trading costs (broker commissions) | $5 | $16 | $28 |
| Lost growth on money paid in costs | $0 | $16 | $55 |
| Total costs | $101 | $330 | $600 |
| Value after costs | $10,399 | $11,246 | $12,162 |
| Impact on return, per year | 1.01% | 1.01% | 1.01% |
C000108996 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): 0.0492%
- Total broker commissions: $172K
- Bought from dealers (principal trades, not a cost): $522.6M
- Portfolio turnover (prospectus): 66%
- Securities on loan, average value: $3.4M
- Net income from securities lending: $9K (0.003% of average net assets)
C000108996 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $66K | 47.10% |
| J.P. MORGAN CLEARING CORP. | $12K | 8.94% |
| Piper Jaffray Companies | $12K | 8.63% |
| Stifel Financial Corporation | $9K | 6.50% |
| RBC Capital Markets, LLC | $9K | 6.26% |
| Goldman Sachs & Co. LLC | $7K | 5.04% |
| Raymond James Financial | $7K | 4.95% |
| Sanford C. Bernstein & Co., LLC | $7K | 4.68% |
| CitiGroup Global Markets, Inc. | $6K | 4.46% |
| JEFFERIES BACHE SECURITIES, LLC | $5K | 3.44% |
C000108996 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jackson National Asset Management, LLC | $521.0M | 99.69% |
| Goldman Sachs & Co. LLC | $1.2M | 0.23% |
| J.P. MORGAN CLEARING CORP. | $369K | 0.07% |
| Credit Suisse | $36K | 0.01% |
| Morgan Stanley & Co, Inc | $15K | 0.00% |
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.