JNL/Eaton Vance Global Macro Absolute Return Advantage Fund
Data updated: 2020-05-28
C000125759 — JNL/Eaton Vance Global Macro Absolute Return Advantage Fund. Money Market · $189.30M AUM. Holdings, fees, performance and SEC filings.
C000125759 Fund Overview
JNL/Eaton Vance Global Macro Absolute Return Advantage Fund is a US mutual fund managed by Jackson Variable Series Trust, categorised as Money Market. 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: Money Market
- Assets under management: $189.30M
- SEC CIK: 0001532747
- SEC series ID: S000040536
- Share class ID: C000125759
C000125759 Investment Objective and Strategy
JNL/Eaton Vance Global Macro Absolute Return Advantage 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/Eaton Vance Global Macro Absolute Return Advantage Fund (the Fund) is to seek total return.
Principal investment strategy
"In the section entitled, "" Summary Overview of Each Fund "" for the JNL/Eaton Vance Global Macro Absolute Return Advantage Fund under "" Principal Investment Strategies ,"" after the fifth paragraph, please add the following: Generally, the Fund invests in futures contracts, futures-related instruments, forwards, swaps and options to provide exposure to asset classes including, but not limited to, global developed and emerging equity, fixed-income and currencies (collectively, ""Instruments""). The Fund will also seek to gain exposure to commodity related instruments primarily by investing in JNL/Eaton Vance Global Macro Absolute Return Advantage Fund Ltd. (""Subsidiary""), which invests primarily in those futures and swaps (as described more fully below). These Instruments may be used for investment or speculative purposes, hedging or as a substitute for investing in conventional securities.
The Fund may also invest in fixed-income securities, money market instruments, and cash. There are no geographic limits on the market exposure of the Fund's assets. This flexibility allows Sub-Adviser to look for investments or gain exposure to asset classes and markets around the world, including emerging markets, that it believes will enhance the Fund's ability to meet its objective. The Fund may invest up to 25% of the value of its total assets in the 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. Generally, the Subsidiary invests primarily in precious metals, commodity futures and swaps on commodity futures, but it may also invest in financial futures, option and swap contracts, fixed-income securities, pooled investment vehicles, including those that are not registered pursuant to the 1940 Act, and other investments intended to serve as margin or collateral for the Subsidiary's derivative positions.
The Fund invests 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"")."
C000125759 Costs and Fees
C000125759 costs about $127 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.27%
- Gross expense ratio: 1.27%
- Portfolio turnover: 86%
- Brokerage commissions: 1.04 bps of average net assets (SEC N-CEN)
C000125759 Cashflows
Over the 12 months to 2020-03, JNL/Eaton Vance Global Macro Absolute Return Advantage Fund had net outflows of $23.60M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-03 | −$10.52M |
| 2020-02 | $1.10M |
| 2020-01 | −$3.15M |
| 2019-12 | −$3.61M |
| 2019-11 | −$2.48M |
| 2019-10 | $3.33M |
C000125759 Debt Constituents
No individual debt constituents are reported in JNL/Eaton Vance Global Macro Absolute Return Advantage Fund's latest SEC N-PORT filing.
C000125759 Prospectus and SEC Filings
Official JNL/Eaton Vance Global Macro Absolute Return Advantage 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 2020-05-28
- 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
Related Funds
Other Money Market funds tracked on ABC INVEST:
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.