JNL/Oppenheimer Emerging Markets Innovator Fund

Data updated: 2020-05-28

C000153490 — JNL/Oppenheimer Emerging Markets Innovator Fund. China Growth Equity · $232.60M AUM. Holdings, fees, performance and SEC filings.

C000153490 Fund Overview

JNL/Oppenheimer Emerging Markets Innovator Fund is a US mutual fund managed by JNL Series Trust, categorised as China Growth 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: China Growth Equity
Assets under management: $232.60M
SEC CIK: 0000933691
SEC series ID: S000048719
Share class ID: C000153490

C000153490 Investment Objective and Strategy

JNL/Oppenheimer Emerging Markets Innovator 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 capital appreciation.

Principal investment strategy

The Fund mainly invests in equity securities of issuers in emerging and developing markets throughout the world. Under normal market conditions, the Fund will invest at least 80% of its assets (net assets plus the amount of any borrowings made for investment purposes) in equity securities of issuers that are economically tied to an emerging market country. For purposes of the 80% investment policy, the Fund considers an emerging market country to be one whose economy or markets are generally considered emerging or developing. The Fund typically invests in at least three emerging market countries. At times, the Fund may invest up to 100% of its total assets in securities of issuers in emerging and developing markets. In general, countries may be considered emerging or developing markets if they are included in any one of the Morgan Stanley Capital Index (MSCI) emerging markets indices, classified as an emerging or developing market, or classified under a similar or corresponding classification, by organizations such as the World Bank and the International Monetary Fund, or have economies, industries and stock markets with similar characteristics.

For purposes of the 80% investment policy discussed above, a determination that an issuer is economically tied to an emerging market country is based on factors including, but not limited to, geographic location of its primary trading markets, location of its assets, its domicile or its principal offices, or whether it receives revenues or profits from goods produced or sold from, or investments made or services performed in, an emerging or developing market. Such a determination can also be based, in whole or in part, on identification of an issuers securities in an index or other listing indicating its location in an emerging or developing markets country. The Fund may also invest in securities of issuers in less-developed emerging market countries that are not included in standard emerging market benchmarks or classifications and are traditionally less accessible to investors or in the early stages of capital market or economic development (such countries are commonly referred to as frontier market countries).

Frontier market countries generally have smaller economies and less developed capital markets than traditional emerging and developing market countries. Investments in issuers in frontier market countries are included in the 80% of the Funds assets discussed in the investment policy above. The Fund seeks its investment objective by focusing on investments in securities of companies in emerging or developing markets that OppenheimerFunds, Inc. (the Sub-Adviser) believes are innovative in either, or a combination of, their products, services, processes, business models, management, use of technology, or approach to servicing geographic and consumer markets. The Fund invests primarily in common stocks, but can also invest in other equity securities, including preferred stocks, convertible securities, rights and warrants.

The Fund may buy securities of issuers of any size, any market capitalization range and any industry or sector. Although the Fund can invest in securities of companies of any size and any market capitalization range, because innovative companies generally tend to have smaller market capitalizations, the Fund anticipates that it will generally have greater exposure to small- and mid-sized companies. In selecting investments for the Fund, the Sub-Adviser evaluates investment opportunities on a company-by-company basis. This approach includes fundamental analysis of a companys financial statements, management record, capital structure, operations, product development, and competitive position in its industry. The Sub-Adviser also looks for newer or established businesses that are entering, or expected to enter, into a growth cycle and have the potential for accelerating earnings growth or cash flow.

The Sub-Adviser considers the effect of worldwide trends on the growth of particular business sectors and looks for companies that may benefit from those trends and seeks a diverse mix of industries and countries to help reduce the risks of foreign investing, such as currency fluctuations and stock market volatility. The Sub-Adviser takes a broad view that stretches across industries, sectors, companies and a companys operational functions, when considering whether a company is deemed to be innovative. The portfolio managers monitor individual issuers for changes in the factors above, which may trigger a decision to sell a security. These factors may vary in particular cases and may change over time. The Fund may invest directly in certain eligible China A Shares through Stock Connect (a securities trading and clearing program designed to achieve mutual stock market access between the Peoples Republic of China (PRC) and Hong Kong), or, for operational efficiency and regulatory considerations, through an investment in OFI Global China Fund, LLC (China Fund), a private investment vehicle organized under Delaware law that intends to invest significantly in China A Shares and other securities available to certain qualified investors.

The Sub-Adviser has full and exclusive discretionary authority to manage the day-to-day operations of the China Fund and to invest its assets. The Funds investment in the China Fund may vary based on the Sub-Advisers use of different types of investments that provide exposure to Chinese securities (through Stock Connect). Since the Fund may invest a portion of its assets in the China Fund, the Fund may be considered to be investing indirectly in such Chinese securities through the China Fund. The Fund may lend its securities to increase its income.

C000153490 Costs and Fees

C000153490 costs about $146 per $10,000 invested per year in fund expenses.

Net expense ratio: 1.46%
Gross expense ratio: 1.46%
Portfolio turnover: 34%
Brokerage commissions: 17.19 bps of average net assets (SEC N-CEN)

C000153490 Cashflows

Over the 12 months to 2020-03, JNL/Oppenheimer Emerging Markets Innovator Fund had net outflows of $203.07M, from monthly SEC N-PORT filings.

Month	Net flow
2020-03	$431.30K
2020-02	−$1.76M
2020-01	−$26.60M
2019-12	−$49.11M
2019-11	−$83.41M
2019-10	$2.15M

C000153490 Debt Constituents

No individual debt constituents are reported in JNL/Oppenheimer Emerging Markets Innovator Fund's latest SEC N-PORT filing.

C000153490 Prospectus and SEC Filings

Official JNL/Oppenheimer Emerging Markets Innovator Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other China Growth 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.