C000192335 Fees and Costs — JNL/FAMCO Flex Core Covered Call Fund, Class I
Data updated: 2020-05-28
The net expense ratio is 0.66%: a 0.50% management fee plus 0.16% other expenses. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $312K in broker commissions, 0.2013% of average net assets, and portfolio turnover was 64%.
C000192335 Fees and Expenses
Annual operating expenses and sales charges of C000192335. Prospectus, as of April 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.16% |
| Gross expense ratio | 0.66% |
| Fee waiver | — |
| Net expense ratio | 0.66% |
| 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 |
C000192335 Costs Over Time
On $10,000 invested in C000192335, assuming 5% a year before costs, total costs come to $540 over 5 years, cutting the return by 0.90% 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 0.66%) | $69 | $217 | $376 |
| Trading costs (broker commissions) | $21 | $66 | $115 |
| Lost growth on money paid in costs | $0 | $14 | $49 |
| Total costs | $90 | $297 | $540 |
| Value after costs | $10,410 | $11,280 | $12,223 |
| Impact on return, per year | 0.90% | 0.90% | 0.90% |
C000192335 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): 0.2013%
- Total broker commissions: $312K
- Bought from dealers (principal trades, not a cost): $162.5M
- Portfolio turnover (prospectus): 64%
- Securities lending: none during the year
C000192335 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co, Inc | $128K | 41.09% |
| Susquehanna Financial Group, LLP | $104K | 33.23% |
| Wells Fargo Securities, LLC | $56K | 17.92% |
| Dash Financial Technologies | $24K | 7.76% |
C000192335 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jackson National Asset Management, LLC | $127.1M | 78.24% |
| Dash Financial Technologies | $30.2M | 18.59% |
| Susquehanna Financial Group, LLP | $2.7M | 1.64% |
| Wells Fargo Securities, LLC | $2.5M | 1.53% |
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.