C000192217 Fees and Costs — JNL Multi-Manager Alternative Fund, Class I
Data updated: 2026-08-26
The net expense ratio is 2.00% (2.08% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $412K in broker commissions, 0.0464% of average net assets, and portfolio turnover was 165%.
C000192217 Fees and Expenses
Annual operating expenses and sales charges of C000192217. Prospectus, as of April 23, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.19% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.77% |
| Gross expense ratio | 2.08% |
| Fee waiver | −0.08% |
| Net expense ratio | 2.00% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000192217 Costs Over Time
On $10,000 invested in C000192217, assuming 5% a year before costs, total costs come to $1,254 over 5 years, cutting the return by 2.15% 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 2.00%) | $210 | $648 | $1,112 |
| Trading costs (broker commissions) | $5 | $15 | $26 |
| Lost growth on money paid in costs | $0 | $33 | $116 |
| Total costs | $215 | $696 | $1,254 |
| Value after costs | $10,285 | $10,880 | $11,509 |
| Impact on return, per year | 2.15% | 2.15% | 2.15% |
C000192217 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): 0.0464%
- Total broker commissions: $412K
- Bought from dealers (principal trades, not a cost): $2.4B
- Portfolio turnover (prospectus): 165%
- Securities on loan, average value: $986K
- Net income from securities lending: $17K (0.002% of average net assets)
C000192217 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co, Inc | $61K | 21.69% |
| The Interstate Group (Hilltop Securities) | $55K | 19.74% |
| Banc of America Securities | $47K | 16.71% |
| Cowen and Company, LLC | $24K | 8.68% |
| HSBC Securities (USA) Inc. | $18K | 6.54% |
| Mizuho Securities | $17K | 5.97% |
| Raymond James Financial, Inc. | $16K | 5.60% |
| Citadel Securities Institutional LLC | $16K | 5.54% |
| Goldman Sachs & Co. LLC | $13K | 4.81% |
| Cantor Fitzgerald Europe | $13K | 4.71% |
C000192217 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jackson National Asset Management, LLC | $1.5B | 67.99% |
| J.P. Morgan Securities LLC | $216.4M | 9.73% |
| Goldman Sachs & Co. LLC | $94.2M | 4.24% |
| Barclays PLC | $93.9M | 4.22% |
| Banc of America Securities | $78.5M | 3.53% |
| Pershing, LLC | $67.0M | 3.02% |
| CitiGroup Global Markets, Inc. | $48.0M | 2.16% |
| RBC Capital Markets, LLC | $45.1M | 2.03% |
| UBS Securities LLC | $40.4M | 1.82% |
| Nomura Securities International, Inc. | $28.0M | 1.26% |
JNL Multi-Manager Alternative Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000192217 | Class I | 2.00% | — |
| C000153487 | Class A | 2.30% | — |
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.