JNL/Boston Partners Global Long Short Equity Fund

Data updated: 2021-05-27

C000144891 — JNL/Boston Partners Global Long Short Equity Fund. Emerging Markets Real Estate · $47.43M AUM. Holdings, fees, performance and SEC filings.

C000144891 Fund Overview

JNL/Boston Partners Global Long Short Equity Fund is a US mutual fund managed by JNL Series Trust, categorised as Emerging Markets Real Estate. 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: Emerging Markets Real Estate
Assets under management: $47.43M
1-year return: 32.9%
SEC CIK: 0000933691
SEC series ID: S000046368
Share class ID: C000144891

C000144891 Investment Objective and Strategy

JNL/Boston Partners Global Long Short Equity 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 seek long-term growth of capital.

Principal investment strategy

The Fund invests in long positions in stocks identified by the Sub-Adviser, Boston Partners Global Investors, Inc. (Boston Partners) as undervalued and takes short positions in stocks that Boston Partners has identified as overvalued. The cash proceeds from short sales will be invested in short-term cash instruments to produce a return on such proceeds just below the federal funds rate. The Fund will invest, both long and short, in securities issued by U.S. and non-U.S. companies of any capitalization size. With a long position, the Fund purchases a stock outright; with a short position, the Fund sells a security that it does not own and must borrow to meet its settlement obligations. The Fund may invest in securities of companies operating for three years or less (unseasoned issuers). Boston Partners will determine the size of each long or short position by analyzing the tradeoff between the attractiveness of each position and its impact on the risk of the overall portfolio.

Selection of individual securities to be held long or sold short will be based on a mix of quantitative techniques and fundamental security analysis. Boston Partners selects stocks on the basis of three criteria: valuation, business fundamentals and business momentum. Boston Partners examines various factors in determining the value characteristics of such issuers including price-to-book value ratios and price-to-earnings ratios. These value characteristics are examined in the context of the issuers operating and financial fundamentals, including return on equity, earnings growth and cash flow. Boston Partners selects securities for the Fund based on a continuous study of trends in industries and companies, earnings power and growth and other investment criteria. The Fund may invest in all types of equity and equity-related securities, including without limitation exchange traded and over-the-counter common and preferred stocks, warrants, options, rights, convertible securities, sponsored and unsponsored depositary receipts and shares, trust certificates, limited partnership interests, shares of other investment companies (including exchanged-traded funds (ETFs)), real estate investment trusts (REITs) and equity participations.

An equity participation is a type of loan that gives the lender a portion of equity ownership in a property, in addition to principal and interest payments. A convertible security is a bond, debenture, note, preferred stock or other security that may be converted into or exchanged for a prescribed amount of common stock of the same or a different issuer within a particular period of time at a specified price or formula. The Fund defines non-U.S. companies as companies (i) that are organized under the laws of a foreign country; (ii) whose principal trading market is in a foreign country; or (iii) that have a majority of their assets, or that derive a significant portion of their revenue or profits from businesses, investments or sales, outside of the United States. Under normal market conditions, the Fund invests significantly (ordinarily at least 40% unless market conditions are not deemed favorable by Boston Partners, in which case the Fund would invest at least 30%) in non-U.S.

companies. The Fund principally will be invested in issuers located in countries with developed securities markets, but may also invest in issuers located in emerging markets. The Fund will allocate its assets among various regions and countries, including the United States (but in no less than three different countries). The Funds portfolio is rebalanced regularly. Boston Partners assesses each investments changing characteristics relative to its contribution to portfolio risk. Boston Partners will sell an investment held long or close out a short position that Boston Partners believes no longer offers an appropriate return-to-risk tradeoff. Under normal circumstances, Boston Partners expects to sell securities short so that the Funds portfolio is approximately 50% net long with an average of between 30% and 70% net long.

The Fund may participate as a purchaser in initial public offerings of securities (IPO). An IPO is a companys first offering of stock to the public. The Fund may invest from time to time a significant portion of its assets in smaller issuers which are more volatile and less liquid than investments in issuers with a market capitalization greater than $1 billion. The Fund may invest up to 15% of its net assets in illiquid securities, including securities that are illiquid by virtue of the absence of a readily available market or legal or contractual restrictions on resale. The Fund may invest up to 20% of its net assets in high yield debt obligations, such as bonds and debentures, used by U.S. and foreign corporations and other business organizations (e.g. trusts or limited liability companies).

Such high yield debt obligations are not considered to be investment grade. Non-investment grade fixed-income securities (commonly known as junk bonds) are rated BB or lower by Standard & Poors Rating Group, or have a comparable rating by another nationally recognized statistical rating organization (NRSRO) (or, if unrated are determined by Boston Partners to be of comparable quality at the time of investment). The Fund may invest in securities of the lowest rating category, including securities in default. Boston Partners may, but is not required to, sell a bond or note held by the Fund in the event that its credit rating is downgraded. The Fund may (but is not required to) invest in derivatives, including put and call options, futures, forward contracts and swaps, in lieu of investing directly in a security, currency or instrument, for hedging and non-hedging purposes.

When trading derivatives, the Fund may be required to post securities to a segregated account. Asset segregation may be required for short sales and for many, but not all, derivatives transactions, including swaps, options, futures, forwards and contracts for differences. The Fund expects to utilize contracts for differences to maintain a significant portion of its short positions. 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.

C000144891 Performance

Total returns for C000144891 (as of 2026-10-01), from SEC filings.

Period	Total return
1 year	32.9%

C000144891 Risk Information

Risk metrics for C000144891, derived from monthly returns in SEC filings.

1-year volatility (annualised): 13.7%

C000144891 Costs and Fees

C000144891 costs about $241 per $10,000 invested per year in fund expenses.

Net expense ratio: 2.41%
Gross expense ratio: 2.41%
Portfolio turnover: 117%
Brokerage commissions: 45.18 bps of average net assets (SEC N-CEN)

C000144891 Cashflows

Over the 12 months to 2021-03, JNL/Boston Partners Global Long Short Equity Fund had net outflows of $296.05M, from monthly SEC N-PORT filings.

Month	Net flow
2021-03	$597.97K
2021-02	$27.11K
2021-01	$945.31K
2020-12	−$398.23K
2020-11	−$885.59K
2020-10	−$1.67M

C000144891 Debt Constituents

No individual debt constituents are reported in JNL/Boston Partners Global Long Short Equity Fund's latest SEC N-PORT filing.

C000144891 Prospectus and SEC Filings

Official JNL/Boston Partners Global Long Short Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

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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.