C000153492 Fees and Costs — JNL/Westchester Capital Event Driven Fund, Class A
Data updated: 2026-08-26
The net expense ratio is 1.66%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $154K in broker commissions, 0.3223% of average net assets, and portfolio turnover was 291%.
C000153492 Fees and Expenses
Annual operating expenses and sales charges of C000153492. Prospectus, as of April 23, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.05% |
| 12b-1 fee | 0.30% |
| Other expenses | 0.17% |
| Gross expense ratio | 1.66% |
| Fee waiver | — |
| Net expense ratio | 1.66% |
| 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 |
C000153492 Costs Over Time
On $10,000 invested in C000153492, assuming 5% a year before costs, total costs come to $1,216 over 5 years, cutting the return by 2.08% 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 1.66%) | $174 | $538 | $924 |
| Trading costs (broker commissions) | $34 | $105 | $179 |
| Lost growth on money paid in costs | $0 | $32 | $113 |
| Total costs | $208 | $675 | $1,216 |
| Value after costs | $10,292 | $10,901 | $11,547 |
| Impact on return, per year | 2.08% | 2.08% | 2.08% |
C000153492 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.3223%
- Total broker commissions: $154K
- Bought from dealers (principal trades, not a cost): $180.5M
- Portfolio turnover (prospectus): 291%
- Securities lending: none during the year
C000153492 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| The Interstate Group (Hilltop Securities) | $48K | 38.90% |
| Cowen and Company, LLC | $24K | 19.78% |
| Raymond James Financial, Inc. | $13K | 10.59% |
| Morgan Stanley & Co, Inc | $10K | 7.87% |
| SCHNEIDER TRADING | $7K | 5.71% |
| SEAPORT GROUP | $5K | 4.07% |
| UBS Securities LLC | $5K | 3.87% |
| Cantor Fitzgerald Europe | $4K | 3.32% |
| Mizuho Securities | $4K | 3.05% |
| BTIG, LLC | $3K | 2.83% |
C000153492 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jackson National Asset Management, LLC | $134.1M | 75.67% |
| Goldman Sachs & Co. LLC | $22.9M | 12.93% |
| J.P. Morgan Securities LLC | $8.4M | 4.72% |
| Robert W. Baird & Co. | $3.5M | 1.97% |
| IMPERIAL CAPITAL LLC | $2.0M | 1.15% |
| Jefferies Group | $1.8M | 0.99% |
| CitiGroup Global Markets, Inc. | $1.5M | 0.86% |
| BTIG, LLC | $1.5M | 0.83% |
| Cantor Fitzgerald Europe | $786K | 0.44% |
| Stifel Financial Corporation | $766K | 0.43% |
JNL/Westchester Capital Event Driven Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000153493 | Class I | 1.36% | — |
| C000153492 | Class A | 1.66% | — |
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.