C000192045 Fees and Costs — JNL/Mellon S&P 1500 Value Index Fund, Class I
Data updated: 2020-05-28
The net expense ratio is 0.32%: a 0.20% management fee plus 0.17% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $10K in broker commissions, 0.0163% of average net assets, and portfolio turnover was 100%.
C000192045 Fees and Expenses
Annual operating expenses and sales charges of C000192045. Prospectus, as of April 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.17% |
| Gross expense ratio | 0.37% |
| Fee waiver | −0.05% |
| Net expense ratio | 0.32% |
| 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 |
C000192045 Costs Over Time
On $10,000 invested in C000192045, assuming 5% a year before costs, total costs come to $213 over 5 years, cutting the return by 0.35% 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 0.32%) | $34 | $106 | $184 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $5 | $19 |
| Total costs | $35 | $116 | $213 |
| Value after costs | $10,465 | $11,460 | $12,550 |
| Impact on return, per year | 0.35% | 0.35% | 0.35% |
C000192045 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): 0.0163%
- Total broker commissions: $10K
- Bought from dealers (principal trades, not a cost): $88.5M
- Portfolio turnover (prospectus): 100%
- Securities on loan, average value: $462K
- Net income from securities lending: $3K (0.004% of average net assets)
C000192045 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co, Inc | $4K | 35.86% |
| Cantor Fitzgerald Europe | $2K | 22.64% |
| J.P. MORGAN CLEARING CORP. | $1K | 13.53% |
| CitiGroup Global Markets, Inc. | $783 | 7.98% |
| UBS Limited | $657 | 6.70% |
| Investment Technology Group Inc. | $559 | 5.70% |
| KCG Holdings | $228 | 2.33% |
| Barclays PLC | $210 | 2.14% |
| Scotia Captial (USA), Inc. | $174 | 1.77% |
| RBC Capital Markets, LLC | $131 | 1.34% |
C000192045 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jackson National Asset Management, LLC | $86.3M | 97.56% |
| Morgan Stanley & Co, Inc | $1.5M | 1.66% |
| Goldman Sachs & Co. LLC | $578K | 0.65% |
| MacQuarie Capital Inc. | $59K | 0.07% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $52K | 0.06% |
| J.P. MORGAN CLEARING CORP. | $35 | 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.