JNL/Scout Unconstrained Bond Fund

Data updated: 2020-05-29

C000138285 — JNL/Scout Unconstrained Bond Fund. Bond · $90.32M AUM · 0.71% expense ratio. Holdings, fees, performance and SEC filings.

C000138285 Fund Overview

JNL/Scout Unconstrained Bond Fund is a US mutual fund managed by JNL Series Trust, categorised as Bond. 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: Bond
Assets under management: $90.32M
SEC CIK: 0000933691
SEC series ID: S000044440
Share class ID: C000138285

C000138285 Investment Objective and Strategy

JNL/Scout Unconstrained Bond 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 to maximize total return consistent with the preservation of capital.

Principal investment strategy

The Fund pursues its objective by investing at least 80% of its assets (net assets plus the amount of any borrowings made for investment purposes), determined at the time of purchase, in fixed-income instruments. The fixed-income instruments in which the Fund may invest can be of varying maturities and may include bonds, debt securities, derivative instruments, mortgage- and asset-backed securities (including to-be-announced securities) and other similar instruments issued by various U.S. and non-U.S. public- or private-sector entities. In certain market conditions, the Fund may pursue its investment objective by investing a significant portion of its assets in cash or short-term debt obligations. The portfolio duration of the Fund will normally not exceed eight (8) years but may be greater based on market conditions.

The Fund may also have a negative duration. Duration is a measure used to determine the sensitivity of a securitys price to changes in interest rates. The longer a securitys duration, the more sensitive it will be to changes in interest rates. A portfolio with negative duration generally incurs a loss when interest rates and yields fall. The Fund may invest in both investment grade securities and non-investment grade securities, also known as high yield securities or junk bonds. The Fund may invest without limitation in non-investment grade securities. Investment grade securities include securities rated in one of the four highest rating categories by a nationally recognized statistical rating organization, such as BBB- or higher by S&P Global Ratings. The Fund may purchase or sell securities on a when-issued, delayed delivery or forward commitment basis.

The Fund may without limitation seek to obtain market exposure to the securities in which it primarily invests by entering into buybacks or dollar rolls. The Fund may also invest without limitation in securities denominated in foreign currencies and in U.S. dollar denominated securities of foreign issuers. The Fund may invest without limitation in derivative instruments, such as options, futures contracts (including interest rate futures contracts), currency forwards or swap agreements (including credit default swaps) subject to applicable law and any other restrictions described elsewhere in the Funds Prospectus or Statement of Additional Information (SAI). The Funds investment in credit default swap agreements may include both single-name credit default swap agreements and credit default swap index products, such as CDX index products.

The use of these derivative transactions may allow the Fund to obtain net long or short exposures to select currencies, interest rates, countries, duration or credit risks. These derivatives may be used to enhance Fund returns, increase liquidity and/or gain exposure to certain instruments or markets (i.e., the corporate bond market) in a more efficient or less expensive way. The credit default swap agreements that the Fund invests in may provide exposure to an index of securities representative of the entire investment grade and high-yield fixed-income markets, which can include underlying issuers rated as low as CCC by S&P Global Ratings. Derivative instruments that provide exposure to fixed-income instruments may be used to satisfy the Funds 80% investment policy. The Fund may invest a substantial portion of its assets (more than 25%) in securities and instruments that are economically tied to one or more foreign countries if economic and business conditions warrant such investment.

The Fund will invest no more than 50% of its net assets in investments in developing countries or emerging markets. The Fund may lend its securities to increase its income.

C000138285 Costs and Fees

C000138285 costs about $71 per $10,000 invested per year in fund expenses.

Net expense ratio: 0.71%
Gross expense ratio: 0.71%
Portfolio turnover: 109%
Brokerage commissions: 0.59 bps of average net assets (SEC N-CEN)

C000138285 Cashflows

Over the 12 months to 2020-03, JNL/Scout Unconstrained Bond Fund had net outflows of $280.59M, from monthly SEC N-PORT filings.

Month	Net flow
2020-03	−$3.87M
2020-02	$540.24K
2020-01	−$18.02M
2019-12	−$70.97M
2019-11	−$63.48M
2019-10	−$17.55M

C000138285 Debt Constituents

No individual debt constituents are reported in JNL/Scout Unconstrained Bond Fund's latest SEC N-PORT filing.

C000138285 Prospectus and SEC Filings

Official JNL/Scout Unconstrained Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Bond 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.