C000192341 Fees and Costs — JNL/DFA U.S. Small Cap Fund, Class I
Data updated: 2020-05-28
The net expense ratio is 0.66%: a 0.55% management fee plus 0.16% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $25K in broker commissions, 0.0202% of average net assets, and portfolio turnover was 20%.
C000192341 Fees and Expenses
Annual operating expenses and sales charges of C000192341. Prospectus, as of September 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.16% |
| Gross expense ratio | 0.71% |
| Fee waiver | −0.05% |
| 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 |
C000192341 Costs Over Time
On $10,000 invested in C000192341, assuming 5% a year before costs, total costs come to $428 over 5 years, cutting the return by 0.71% 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 | $378 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $0 | $11 | $39 |
| Total costs | $71 | $235 | $428 |
| Value after costs | $10,429 | $11,342 | $12,335 |
| Impact on return, per year | 0.71% | 0.71% | 0.71% |
C000192341 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): 0.0202%
- Total broker commissions: $25K
- Bought from dealers (principal trades, not a cost): $82.1M
- Portfolio turnover (prospectus): 20%
- Securities on loan, average value: $5.1M
- Net income from securities lending: $51K (0.041% of average net assets)
C000192341 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Instinet, LLC | $13K | 50.18% |
| JEFFERIES BACHE SECURITIES, LLC | $9K | 37.32% |
| KCG Holdings | $2K | 6.90% |
| Rosenblatt Securities Inc. | $318 | 1.26% |
| Goldman Sachs & Co. LLC | $266 | 1.05% |
| JonesTrading Institutional Services, LLC | $263 | 1.04% |
| Nomura Securities International, Inc. | $231 | 0.91% |
| Loop Capital Markets LLC | $208 | 0.82% |
| Jefferies Group | $109 | 0.43% |
| CitiGroup Global Markets, Inc. | $19 | 0.07% |
C000192341 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jackson National Asset Management, LLC | $81.7M | 99.51% |
| J.P. MORGAN | $398K | 0.49% |
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.