JNL/S&P Mid 3 Fund
Data updated: 2020-05-28
C000138282 — JNL/S&P Mid 3 Fund. United States Mid Cap Value Equity · $131.45M AUM · 0.71% expense ratio. Holdings, fees, performance and SEC filings.
C000138282 Fund Overview
JNL/S&P Mid 3 Fund is a US mutual fund managed by JNL Series Trust, categorised as United States Mid Cap Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: JNL Series Trust
- Category: United States Mid Cap Value Equity
- Assets under management: $131.45M
- SEC CIK: 0000933691
- SEC series ID: S000044439
- Share class ID: C000138282
C000138282 Investment Objective and Strategy
JNL/S&P Mid 3 Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by JNL Series Trust.
Investment objective
The investment objective of the Fund is capital appreciation.
Principal investment strategy
The Fund seeks to achieve its objective by investing in the stocks of companies that are identified by a model based on three separate specialized strategies. Under normal circumstances, the Fund invests approximately 1/3 of its net assets in each of the following strategies: MID Competitive Advantage Strategy seeks to achieve capital appreciation by investing in approximately 30 companies common stock included in the S&P MidCap 400 Index that are believed to have superior cash return on invested capital and trade at relatively attractive valuations; MID Intrinsic Value Strategy seeks to achieve capital appreciation by investing in approximately 30 companies common stock included in the S&P MidCap 400 Index that are believed to generate strong free cash flows and becoming more efficient as indicated by the amount of revenues to assets; and MID Total Equity Yield Strategy seeks to achieve capital appreciation by investing in approximately 30 companies common stock included in the S&P MidCap 400 Index with the highest total equity yield (a measure of cash returned to equity shareholders) and the most stable free cash flows.
While each of these specialized strategies seeks to provide capital appreciation, each specialized strategy follows a different principal investment strategy. SPIAS will choose only one share class of a company to be represented in each of the three listed strategies of the Fund if the specific stock selection model selects multiple share classes of the same company. The initial stock selection date was on or about April 28, 2014. The Fund is rebalanced quarterly between each of the above specialized strategies on or about the first business day of the third month in a calendar quarter. Standard & Poors Investment Advisory Services LLC (SPIAS) and BNY Mellon Asset Management North America Corporation (collectively, the Sub-Advisers) generally use a buy and hold strategy, trading only on or around each stock selection date, when cash flow activity occurs, and for dividend reinvestment purposes.
The Sub-Advisers may also trade for mergers if the original stock is not the surviving company. The Fund may lend its securities to increase its income. The Fund may invest in a combination of exchange-traded funds (ETFs) to assist with fund rebalances and to meet redemption or purchase requests. The Fund may invest in financial futures, a type of derivative, to obtain market exposure consistent with the Funds objective and strategies, to provide liquidity for cash flows, to hedge dividend accruals or for other purposes that facilitate meeting the Funds objective. The Fund is a non-diversified fund, as defined in 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.
C000138282 Costs and Fees
C000138282 costs about $71 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.71%
- Gross expense ratio: 0.71%
- Portfolio turnover: 135%
- Brokerage commissions: 3.45 bps of average net assets (SEC N-CEN)
C000138282 Cashflows
Over the 12 months to 2020-03, JNL/S&P Mid 3 Fund had net outflows of $6.91M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-03 | −$1.37M |
| 2020-02 | −$2.64M |
| 2020-01 | −$2.97M |
| 2019-12 | −$3.13M |
| 2019-11 | −$908.29K |
| 2019-10 | $11.94M |
C000138282 Debt Constituents
No individual debt constituents are reported in JNL/S&P Mid 3 Fund's latest SEC N-PORT filing.
C000138282 Prospectus and SEC Filings
Official JNL/S&P Mid 3 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 2020-03-16
- Annual census (N-CEN) — filed 2019-03-15
Related Funds
Other United States Mid Cap Value Equity 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.