C000192154 Fees and Costs — JNL/PPM America Low Duration Bond Fund, Class I
Data updated: 2020-11-24
The net expense ratio is 0.44%: a 0.34% management fee plus 0.10% other expenses. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $19K in broker commissions, 0.0029% of average net assets, and portfolio turnover was 125%.
C000192154 Fees and Expenses
Annual operating expenses and sales charges of C000192154. Prospectus, as of April 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.34% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.10% |
| Gross expense ratio | 0.44% |
| Fee waiver | — |
| Net expense ratio | 0.44% |
| 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 |
C000192154 Costs Over Time
On $10,000 invested in C000192154, assuming 5% a year before costs, total costs come to $280 over 5 years, cutting the return by 0.47% 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 0.44%) | $46 | $145 | $253 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $7 | $26 |
| Total costs | $47 | $153 | $280 |
| Value after costs | $10,453 | $11,423 | $12,483 |
| Impact on return, per year | 0.47% | 0.47% | 0.47% |
C000192154 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): 0.0029%
- Total broker commissions: $19K
- Bought from dealers (principal trades, not a cost): $1.5B
- Portfolio turnover (prospectus): 125%
- Securities on loan, average value: $2.5M
- Net income from securities lending: $6K (0.001% of average net assets)
C000192154 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBS | $19K | 100.00% |
C000192154 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JP Morgan Securities Inc. | $141.6M | 14.15% |
| Goldman Sachs & Co. LLC | $124.2M | 12.41% |
| Wells Fargo & Company | $123.3M | 12.32% |
| Banc of America Securities | $120.4M | 12.03% |
| Nomura Securities International, Inc. | $113.8M | 11.37% |
| Barclays PLC | $100.4M | 10.03% |
| HSBC Securities (USA) Inc. | $72.9M | 7.28% |
| CITICORP SECURITIES, INC. | $70.5M | 7.04% |
| Deutsche Bank Securities, Inc | $69.7M | 6.96% |
| Morgan Stanley & Co, Inc | $64.0M | 6.40% |
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.