C000153491 Fees and Costs — JNL/Oppenheimer Emerging Markets Innovator Fund, Class I
Data updated: 2020-05-28
The net expense ratio is 1.16%: a 1.00% management fee plus 0.15% other expenses. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $809K in broker commissions, 0.1719% of average net assets, and portfolio turnover was 34%.
C000153491 Fees and Expenses
Annual operating expenses and sales charges of C000153491. Prospectus, as of April 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.15% |
| Gross expense ratio | 1.16% |
| Fee waiver | — |
| Net expense ratio | 1.16% |
| 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 |
C000153491 Costs Over Time
On $10,000 invested in C000153491, assuming 5% a year before costs, total costs come to $828 over 5 years, cutting the return by 1.40% 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 1.16%) | $122 | $379 | $654 |
| Trading costs (broker commissions) | $18 | $56 | $97 |
| Lost growth on money paid in costs | $0 | $22 | $76 |
| Total costs | $140 | $456 | $828 |
| Value after costs | $10,360 | $11,120 | $11,935 |
| Impact on return, per year | 1.40% | 1.40% | 1.40% |
C000153491 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): 0.1719%
- Total broker commissions: $809K
- Bought from dealers (principal trades, not a cost): $491.8M
- Portfolio turnover (prospectus): 34%
- Securities on loan, average value: $27.2M
- Net income from securities lending: $710K (0.151% of average net assets)
C000153491 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $98K | 18.61% |
| J.P. MORGAN | $90K | 17.10% |
| HSBC Securities (USA) Inc. | $76K | 14.38% |
| Jefferies Group | $52K | 9.82% |
| Goldman Sachs & Co. LLC | $50K | 9.41% |
| Sanford C. Bernstein & Co., LLC | $38K | 7.17% |
| Daiwa Securities | $38K | 7.11% |
| Morgan Stanley & Co, Inc | $34K | 6.47% |
| CHINA INTERNATIONAL CAPITAL CORP LTD. | $27K | 5.18% |
| Credit Suisse | $25K | 4.75% |
C000153491 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jackson National Asset Management, LLC | $486.6M | 98.93% |
| Goldman Sachs & Co. LLC | $4.7M | 0.96% |
| Credit Suisse | $512K | 0.10% |
| J.P. MORGAN | $16K | 0.00% |
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.