C000116997 Fees and Costs — JNL/VanEck International Gold Fund, Class A
Data updated: 2020-05-29
The net expense ratio is 1.16%: a 0.70% 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 $49K in broker commissions, 0.0819% of average net assets, and portfolio turnover was 39%.
C000116997 Fees and Expenses
Annual operating expenses and sales charges of C000116997. Prospectus, as of April 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.30% |
| Other expenses | 0.16% |
| Gross expense ratio | 1.16% |
| Fee waiver | — |
| Net expense ratio | 1.16% |
| 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 |
C000116997 Costs Over Time
On $10,000 invested in C000116997, assuming 5% a year before costs, total costs come to $773 over 5 years, cutting the return by 1.30% 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 1.16%) | $122 | $379 | $656 |
| Trading costs (broker commissions) | $9 | $27 | $46 |
| Lost growth on money paid in costs | $0 | $20 | $71 |
| Total costs | $130 | $426 | $773 |
| Value after costs | $10,370 | $11,150 | $11,990 |
| Impact on return, per year | 1.30% | 1.30% | 1.30% |
C000116997 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): 0.0819%
- Total broker commissions: $49K
- Bought from dealers (principal trades, not a cost): $62.3M
- Portfolio turnover (prospectus): 39%
- Securities on loan, average value: $6.5M
- Net income from securities lending: $149K (0.249% of average net assets)
C000116997 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BMO Capital Markets Corp. | $8K | 21.77% |
| Royal Bank of Canada | $6K | 17.43% |
| Scotia Captial (USA), Inc. | $5K | 12.49% |
| RBC Capital Markets, LLC | $3K | 9.26% |
| CIBC World Markets Inc | $3K | 7.56% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $3K | 7.15% |
| Piper Jaffray Companies | $3K | 7.12% |
| Unicredit Bank | $3K | 6.76% |
| Canaccord Genuity Inc. | $2K | 5.59% |
| NBCN, INC. | $2K | 4.87% |
C000116997 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jackson National Asset Management, LLC | $60.2M | 96.72% |
| J.P. MORGAN | $788K | 1.27% |
| MacQuarie Capital Inc. | $338K | 0.54% |
| Canaccord Genuity Inc. | $269K | 0.43% |
| NATIONAL BANK OF CANADA FINANCIAL INC | $238K | 0.38% |
| Goldman Sachs & Co. LLC | $163K | 0.26% |
| BMO Capital Markets Corp. | $127K | 0.20% |
| Royal Bank of Canada | $121K | 0.19% |
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.