C000116996 Fees and Costs — JNL/Neuberger Berman Currency 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 0.15% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 0%.
C000116996 Fees and Expenses
Annual operating expenses and sales charges of C000116996. Prospectus, as of April 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.30% |
| Other expenses | 0.15% |
| 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 |
C000116996 Costs Over Time
On $10,000 invested in C000116996, assuming 5% a year before costs, total costs come to $632 over 5 years, cutting the return by 1.06% 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 | $574 |
| Lost growth on money paid in costs | $0 | $16 | $58 |
| Total costs | $106 | $347 | $632 |
| Value after costs | $10,394 | $11,229 | $12,131 |
| Impact on return, per year | 1.06% | 1.06% | 1.06% |
C000116996 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $1.2B
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
C000116996 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jackson National Asset Management, LLC | $792.0M | 64.61% |
| Wells Fargo Securities, LLC | $187.7M | 15.31% |
| J.P. MORGAN SECURITIES, INC. | $72.4M | 5.91% |
| J.P. MORGAN | $48.7M | 3.98% |
| Piper Jaffray Companies | $43.6M | 3.55% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $35.5M | 2.90% |
| Morgan Stanley & Co, Inc | $19.9M | 1.63% |
| INTL FCSTONE SECURITIES INC. | $11.9M | 0.97% |
| Nomura Securities International, Inc. | $8.0M | 0.65% |
| CitiGroup Global Markets, Inc. | $6.1M | 0.50% |
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.