JNL/PPM America Low Duration Bond Fund

Data updated: 2020-11-24

C000130192 — JNL/PPM America Low Duration Bond Fund. Money Market · $377.90M AUM · 0.74% expense ratio. Holdings, fees, performance and SEC filings.

C000130192 Fund Overview

JNL/PPM America Low Duration Bond Fund is a US mutual fund managed by JNL Investors 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: JNL Investors Series Trust
Category: Money Market
Assets under management: $377.90M
1-year return: 3.3%
SEC CIK: 0001121257
SEC series ID: S000041910
Share class ID: C000130192

C000130192 Investment Objective and Strategy

JNL/PPM America Low Duration Bond Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by JNL Investors Series Trust.

Investment objective

The investment objective of the Fund is a high level of current income consistent with capital preservation.

Principal investment strategy

The Fund invests primarily in investment-grade securities, including, without limitation, corporate bonds, asset-backed, commercial mortgage-backed and mortgage-backed securities, and obligations of the U.S. Government and its agencies. The Fund may also invest in money market securities, collateralized mortgage obligations and foreign securities. An investment grade security is one that is rated within the four highest credit categories (e.g., AAA, AA, A, BBB, or equivalent) by at least one major credit rating agency or, if unrated, that has been determined by the Funds Sub-Adviser, PPM America, Inc. (the Sub-Adviser) to be of comparable quality. The Funds average effective portfolio duration normally varies from one to three years. The Fund seeks to maintain a low duration but may lengthen or shorten its duration within that range to reflect changes in the overall composition of the debt markets.

Duration is a measure of a bond prices sensitivity to a change in interest rates. Generally, the longer a bonds duration, the greater its price sensitivity to a change in interest rates. For example, portfolio duration of two years means that if interest rates increased by one percent, the value of the portfolio would decrease by approximately two percent. Normally, the Fund invests at least 80% of its assets (net assets plus the amount of any borrowings made for investment purposes) in bonds. The Sub-Adviser considers bonds to be debt securities, including without limitation, corporate bonds, asset-backed, commercial mortgage-backed and mortgage-backed securities and obligations of the U.S. Government and its agencies. For purposes of satisfying the 80% requirement, the Fund may also invest in derivative or other synthetic instruments that have economic characteristics similar to the debt instruments mentioned above.

The Fund may invest up to 10% of its total assets in lower rated securities commonly known as high yield securities or junk bonds. The Fund may invest without limitation in U.S. dollar-denominated securities of foreign issuers. The Fund may invest without limitation in derivative instruments, such as options, futures contracts or swap agreements, subject to applicable law and any other restrictions described in the Funds Prospectus or Statement of Additional Information. Specifically, the Fund may use futures to hedge duration or to modestly increase the Funds exposure to interest rate or yield curve risk. The Fund may also use credit default swaps or credit default swap indices (CDX) to increase or decrease the Funds exposure to credit risk or to hedge credit risk in a particular name, industry or sector.

The Fund may purchase or sell securities on a when-issued, delayed delivery or forward commitment basis. The Fund may invest in dollar rolls. The Fund may invest in money market securities, collateralized mortgage obligations, and foreign securities. The Sub-Adviser determines the best relative value investment opportunities across various debt sectors by analyzing overall economic conditions within and among these sectors. While the Fund typically diversifies its assets broadly across various sectors, the Fund may overweight certain sectors and minimize exposures to others as relative value opportunities arise. The Sub-Adviser selects individual securities by considering factors such as credit quality, the securitys risk-return profile, the securitys maturity and its market liquidity.

C000130192 Performance

Total returns for C000130192 (as of 2026-10-01), from SEC filings.

Period	Total return
1 year	3.3%

C000130192 Risk Information

Risk metrics for C000130192, derived from monthly returns in SEC filings.

1-year volatility (annualised): 3.0%

C000130192 Costs and Fees

C000130192 costs about $74 per $10,000 invested per year in fund expenses.

Net expense ratio: 0.74%
Gross expense ratio: 0.74%
Portfolio turnover: 125%
Brokerage commissions: 0.29 bps of average net assets (SEC N-CEN)

C000130192 Cashflows

Over the 12 months to 2020-09, JNL/PPM America Low Duration Bond Fund had net outflows of $258.98M, from monthly SEC N-PORT filings.

Month	Net flow
2020-09	−$13.62M
2020-08	$494.83K
2020-07	−$3.94M
2020-06	−$120.45M
2020-05	$205.59K
2020-04	−$50.87M

C000130192 Debt Constituents

No individual debt constituents are reported in JNL/PPM America Low Duration Bond Fund's latest SEC N-PORT filing.

C000130192 Prospectus and SEC Filings

Official JNL/PPM America Low Duration Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

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.