JNL Institutional Alt 25 Fund
Data updated: 2020-05-28
C000192209 — JNL Institutional Alt 25 Fund. Global (incl. US) Blend / Core Equity · $2.13B AUM. Holdings, fees, performance and SEC filings.
C000192209 Fund Overview
JNL Institutional Alt 25 Fund is a US mutual fund managed by JNL Series Trust, categorised as Global (incl. US) Blend / Core 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: Global (incl. US) Blend / Core Equity
- Assets under management: $2.13B
- SEC CIK: 0000933691
- SEC series ID: S000025069
- Share class ID: C000192209
C000192209 Investment Objective and Strategy
JNL Institutional Alt 25 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 long-term growth of capital and income through investment in other funds.
Principal investment strategy
The Fund seeks to achieve its objective by investing in Class I shares of a diversified group of other funds (Underlying Funds). The Underlying Funds in which the Fund may invest are series of the JNL Series Trust, the JNL Variable Fund LLC, the JNL Investors Series Trust, and the Jackson Variable Series Trust. Not all funds of the JNL Series Trust, the JNL Variable Fund LLC, the JNL Investors Series Trust, and the Jackson Variable Series Trust are available as Underlying Funds. Please refer to the statutory prospectus for a list of available Underlying Funds. The Fund allocates its assets among Underlying Funds categorized by the Adviser into the following investment categories: Alternative Assets Alternative Strategies Domestic/Global Equity Domestic/Global Fixed-income International International Fixed-Income Risk Management Sector Specialty Tactical Management The Fund allocates approximately 75% of its assets to the traditional investment categories creating a core component of its portfolio.
The Fund then allocates approximately 25% of its assets to non-traditional investment categories creating an alt component of its portfolio. The Fund considers the Alternative Assets, Alternative Strategies and Risk Management investment categories to be non-traditional, and all others to be traditional. Among the traditional investment categories, the Fund typically allocates approximately 5%-45% of its assets in Underlying Funds investing in fixed-income securities and 30%-70% of its assets in Underlying Funds investing in equity securities. In order to meet its investment objective, the Fund may allocate to Underlying Funds designed to passively track an index. Some of the Underlying Funds, particularly those classified as Alternative Strategies, may utilize a significant amount of derivatives in order to execute their investment strategy.
Some of the Underlying Funds, particularly those classified as Fixed Income or Alternative Strategies, may hold a significant amount of junk bonds and/or leveraged loans in order to execute their investment strategy. In determining allocations to any particular Underlying Fund, the Adviser considers, among other things, long-term market and economic conditions, historical performance of each Underlying Fund, and expected long-term performance of each Underlying Fund, as well as diversification to control overall portfolio risk exposure. The Adviser may change the Underlying Funds in which the Fund invests from time to time at its discretion without notice or shareholder approval. Therefore, the Fund may invest in Underlying Funds that are not listed in the statutory prospectus. The Fund is a non-diversified fund, as defined in the Investment Company Act of 1940, as amended (the 1940 Act), and may invest more of its assets in fewer issuers than diversified mutual funds.
C000192209 Costs and Fees
C000192209 costs about $102 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.02%
- Gross expense ratio: 1.02%
- Portfolio turnover: 30%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000192209 Cashflows
Over the 12 months to 2020-03, JNL Institutional Alt 25 Fund had net outflows of $314.15M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-03 | −$42.41M |
| 2020-02 | −$32.61M |
| 2020-01 | −$35.06M |
| 2019-12 | −$29.62M |
| 2019-11 | −$33.90M |
| 2019-10 | −$39.88M |
C000192209 Debt Constituents
No individual debt constituents are reported in JNL Institutional Alt 25 Fund's latest SEC N-PORT filing.
C000192209 Prospectus and SEC Filings
Official JNL Institutional Alt 25 Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2019-05-15
- Prospectus (485BPOS) — filed 2018-05-16
- Prospectus (485BPOS) — filed 2017-10-11
- Portfolio holdings (N-PORT) — filed 2020-05-28
- Portfolio holdings (N-PORT) — filed 2020-02-28
- Portfolio holdings (N-PORT) — filed 2019-11-27
- Annual census (N-CEN) — filed 2020-03-16
- Annual census (N-CEN) — filed 2019-03-15
Related Funds
Other Global (incl. US) Blend / Core 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.