JNL/VanEck International Gold Fund
Data updated: 2020-05-29
C000116997 — JNL/VanEck International Gold Fund. Commodity · $58.13M AUM · 1.16% expense ratio. Holdings, fees, performance and SEC filings.
C000116997 Fund Overview
JNL/VanEck International Gold Fund is a US mutual fund managed by Jackson Variable Series Trust, categorised as Commodity. 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: Commodity
- Assets under management: $58.13M
- SEC CIK: 0001532747
- SEC series ID: S000037901
- Share class ID: C000116997
C000116997 Investment Objective and Strategy
JNL/VanEck International Gold 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/VanEck International Gold Fund (the Fund) is to seek long-term capital appreciation. The Fund may take current income into consideration when choosing investments.
Principal investment strategy
Under normal conditions, the Fund invests at least 80% of its assets (net assets plus the amount of any borrowings made for investment purposes) in securities of companies principally engaged in gold-related activities, instruments that derive their value from gold, gold coins and bullion. A company principally engaged in gold-related activities is one that derives at least 50% of its revenues from gold-related activities, including the exploration, mining or processing of or dealing in gold. The Fund concentrates its investments in the gold-mining industry and therefore invests 25% or more of its total assets in such industry. The Fund invests in securities of companies with economic ties to countries throughout the world, including the U.S. Under ordinary circumstances, the Fund will invest in securities of issuers from a number of different countries, which may include emerging market countries.
The Fund may invest in non-U.S. dollar denominated securities, which are subject to fluctuations in currency exchange rates, and securities of companies of any capitalization range. The Fund primarily invests in companies that the portfolio manager believes represent value opportunities and/or that have growth potential within their market niche, through their ability to increase production capacity at reasonable cost or make gold discoveries around the world. Van Eck Associates Corporation (Sub-Adviser) utilizes both a macro-economic examination of gold market themes and a fundamental analysis of prospective companies in the search for value and growth opportunities. The Fund may invest up to 25% of its net assets, as of the date of the investment, in gold and silver coins, gold, silver, platinum and palladium bullion and exchange-traded funds (ETFs) that invest primarily in such coins and bullion and derivatives on the foregoing.
The Funds investments in coins and bullion will not earn income and the sole source of return to the Fund from these investments will be from gains or losses realized on the sale of such investments. The Fund may use derivative instruments, such as structured notes, futures, options, warrants, currency forwards and swap agreements, to gain or hedge exposure. The Fund may invest up to 20% of its net assets in securities issued by other investment companies, including ETFs. The Fund may also invest in money market funds, but these investments are not subject to this limitation. The Fund may invest in ETFs to participate in, or gain rapid exposure to, certain market sectors, or when direct investments in certain countries are not economically feasible. The Fund may lend its securities to increase its income.
The Fund is non-diversified under the Investment Company Act of 1940, as amended (the 1940 Act), and may invest more of its assets in fewer issuers than diversified mutual funds. The Fund may gain exposure to commodity futures, gold bullion and other metals primarily by investing in JNL/VanEck International Gold Fund Ltd. (Subsidiary), which invests primarily in gold bullion, gold futures and other instruments that provide direct or indirect exposure to gold, including ETFs, and also may invest in silver, platinum and palladium bullion and futures. The Fund may invest up to 25% of the value of its total assets in its Subsidiary. The Subsidiary is a wholly owned and controlled subsidiary of the Fund, organized under the laws of the Cayman Islands as an exempted company. The Fund may invest in the Subsidiary in order to gain exposure to the commodities markets within the limitations of the federal tax laws, rules and regulations that apply to regulated investment companies (RICs).
The Subsidiary is subject to the same general investment policies and restrictions as the Fund, except that, unlike the Fund, the Subsidiary is able to invest without being subject to the 1940 Act asset coverage requirements that are applicable to the Funds investments in certain Instruments, such as futures, options, and swaps. Unlike the Fund, the Subsidiary will not qualify as a RIC under Subchapter M of the Internal Revenue Code of 1986, as amended (Subchapter M). The Fund is the sole shareholder of the Subsidiary and does not expect shares of the Subsidiary to be offered or sold to other investors. The Subsidiary is advised by the Adviser and the Sub-Adviser, and has the same portfolio managers as the Fund. The Funds Chief Financial Officer and Chief Legal Officer serve as directors of the Subsidiary.
The Subsidiary has entered into a separate investment advisory agreement with the Adviser for the management of the Subsidiary portfolio pursuant to which the Adviser has agreed to receive an advisory fee for services to the Subsidiary calculated in the same manner as the advisory fee the Fund pays. See section entitled Advisory Fee in the Prospectus.
C000116997 Costs and Fees
C000116997 costs about $116 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.16%
- Gross expense ratio: 1.16%
- Portfolio turnover: 39%
- Brokerage commissions: 8.19 bps of average net assets (SEC N-CEN)
C000116997 Cashflows
Over the 12 months to 2020-03, JNL/VanEck International Gold Fund had net inflows of $6.52M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-03 | −$2.62M |
| 2020-02 | $4.65M |
| 2020-01 | $2.63M |
| 2019-12 | −$1.72M |
| 2019-11 | $1.98M |
| 2019-10 | −$1.42M |
C000116997 Debt Constituents
No individual debt constituents are reported in JNL/VanEck International Gold Fund's latest SEC N-PORT filing.
C000116997 Prospectus and SEC Filings
Official JNL/VanEck International Gold 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 2020-05-29
- 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
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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.