C000141741 Fees and Costs — JNL/Neuberger Berman Commodity Strategy Fund, Class A
Data updated: 2020-05-28
The net expense ratio is 0.93%. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $102K in broker commissions, 0.0843% of average net assets, and portfolio turnover was 22%.
C000141741 Fees and Expenses
Annual operating expenses and sales charges of C000141741. Prospectus, as of April 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.30% |
| Other expenses | 0.16% |
| Gross expense ratio | 0.93% |
| Fee waiver | — |
| Net expense ratio | 0.93% |
| 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 |
C000141741 Costs Over Time
On $10,000 invested in C000141741, assuming 5% a year before costs, total costs come to $634 over 5 years, cutting the return by 1.07% 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 0.93%) | $98 | $305 | $528 |
| Trading costs (broker commissions) | $9 | $28 | $48 |
| Lost growth on money paid in costs | $0 | $16 | $58 |
| Total costs | $107 | $349 | $634 |
| Value after costs | $10,393 | $11,228 | $12,129 |
| Impact on return, per year | 1.07% | 1.07% | 1.07% |
C000141741 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): 0.0843%
- Total broker commissions: $102K
- Bought from dealers (principal trades, not a cost): $640.1M
- Portfolio turnover (prospectus): 22%
- Securities lending: none during the year
C000141741 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CitiGroup Global Markets, Inc. | $48K | 47.05% |
| Goldman Sachs & Co. LLC | $44K | 43.61% |
| Credit Suisse | $9K | 9.34% |
C000141741 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jackson National Asset Management, LLC | $428.7M | 69.83% |
| Mizuho Securities | $53.0M | 8.64% |
| RBC Capital Markets, LLC | $38.8M | 6.33% |
| Wells Fargo Securities, LLC | $24.6M | 4.01% |
| MELLON BANK | $17.6M | 2.86% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $13.0M | 2.12% |
| J.P. MORGAN SECURITIES, INC. | $12.7M | 2.06% |
| Morgan Stanley & Co, Inc | $11.8M | 1.92% |
| Piper Jaffray Companies | $8.1M | 1.32% |
| CitiGroup Global Markets, Inc. | $5.6M | 0.92% |
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.