C000116994 Fees and Costs — JNL/DFA U.S. Small Cap Fund, Class A
Data updated: 2020-05-28
The net expense ratio is 1.01%: a 0.55% 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 $25K in broker commissions, 0.0202% of average net assets, and portfolio turnover was 20%.
C000116994 Fees and Expenses
Annual operating expenses and sales charges of C000116994. Prospectus, as of September 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.30% |
| Other expenses | 0.16% |
| Gross expense ratio | 1.01% |
| Fee waiver | — |
| Net expense ratio | 1.01% |
| 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 |
C000116994 Costs Over Time
On $10,000 invested in C000116994, assuming 5% a year before costs, total costs come to $644 over 5 years, cutting the return by 1.08% 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 1.01%) | $106 | $331 | $573 |
| Trading costs (broker commissions) | $2 | $7 | $11 |
| Lost growth on money paid in costs | $0 | $17 | $59 |
| Total costs | $108 | $354 | $644 |
| Value after costs | $10,392 | $11,222 | $12,119 |
| Impact on return, per year | 1.08% | 1.08% | 1.08% |
C000116994 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): 0.0202%
- Total broker commissions: $25K
- Bought from dealers (principal trades, not a cost): $82.1M
- Portfolio turnover (prospectus): 20%
- Securities on loan, average value: $5.1M
- Net income from securities lending: $51K (0.041% of average net assets)
C000116994 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Instinet, LLC | $13K | 50.18% |
| JEFFERIES BACHE SECURITIES, LLC | $9K | 37.32% |
| KCG Holdings | $2K | 6.90% |
| Rosenblatt Securities Inc. | $318 | 1.26% |
| Goldman Sachs & Co. LLC | $266 | 1.05% |
| JonesTrading Institutional Services, LLC | $263 | 1.04% |
| Nomura Securities International, Inc. | $231 | 0.91% |
| Loop Capital Markets LLC | $208 | 0.82% |
| Jefferies Group | $109 | 0.43% |
| CitiGroup Global Markets, Inc. | $19 | 0.07% |
C000116994 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jackson National Asset Management, LLC | $81.7M | 99.51% |
| J.P. MORGAN | $398K | 0.49% |
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.