JNL/Neuberger Berman Currency Fund
Data updated: 2020-05-28
C000192342 — JNL/Neuberger Berman Currency Fund. Money Market · $63.37M AUM · 0.71% expense ratio. Holdings, fees, performance and SEC filings.
C000192342 Fund Overview
JNL/Neuberger Berman Currency Fund is a US mutual fund managed by Jackson Variable Series Trust, categorised as Money Market. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Jackson Variable Series Trust
- Category: Money Market
- Assets under management: $63.37M
- SEC CIK: 0001532747
- SEC series ID: S000037900
- Share class ID: C000192342
C000192342 Investment Objective and Strategy
JNL/Neuberger Berman Currency Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Jackson Variable Series Trust.
Investment objective
The investment objective of the JNL/Neuberger Berman Currency Fund (the Fund) is to seek absolute return.
Principal investment strategy
The Fund invests under normal circumstances at least 80% of its assets (net assets plus the amount of any borrowings made for investment purposes) in currency-related investments. Currency-related investments may include all currency spots, forwards, swaps, futures, and options as well as U.S. Treasury Bills, U.S Treasury Notes and U.S. Government and Government Agency Securities. The Fund seeks to generate absolute returns with low correlation to other asset classes. The Fund will invest primarily in currencies of developed countries. The Fund will also invest, to a lesser extent, in emerging market currencies that Neuberger Berman Investment Advisers LLC (Sub-Adviser) considers to be liquid at the time of investment. The Fund will invest in such currencies mainly, but not exclusively, through currency spot contracts and currency forward contracts.
The Fund may also gain exposure to currencies through currency swaps, non-deliverable currency forwards, currency options and currency futures. The Sub-Adviser uses a framework of fundamental tools in seeking to assess relative value among currencies. The Sub-Adviser analyzes data and seeks opportunities across multiple time horizons and uses a number of strategies based on fundamental factors such as multi-asset class momentum indicators, interest rates, growth, capital flows, distance from fair value, policy impact on growth, and structural factors, among others. The Fund may also invest in derivative instruments as a means of hedging risk and/or for investment purposes, which may include altering the Funds exposure to interest rates, sectors and individual issuers. These derivative instruments may include futures, forward foreign currency contracts, and swaps, such as total return swaps, credit default swaps and interest rate swaps.
The Fund may also invest in high quality (i.e., rated BBB or above or equivalent by a Recognized Rating Agency) short-term money market instruments such as bank deposits, fixed or floating rate instruments (including but not limited to commercial paper), floating rate notes, certificates of deposit, debentures, asset backed securities and government or corporate bonds, cash and cash equivalents (including but not limited to treasury bills). The Fund is non-diversified under 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.
C000192342 Costs and Fees
C000192342 costs about $71 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.71%
- Gross expense ratio: 0.71%
- Portfolio turnover: 0%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000192342 Cashflows
Over the 12 months to 2020-03, JNL/Neuberger Berman Currency Fund had net outflows of $8.50M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-03 | −$4.61M |
| 2020-02 | −$499.87K |
| 2020-01 | −$2.13K |
| 2019-12 | −$189.59K |
| 2019-11 | −$443.95K |
| 2019-10 | −$832.93K |
C000192342 Debt Constituents
No individual debt constituents are reported in JNL/Neuberger Berman Currency Fund's latest SEC N-PORT filing.
C000192342 Prospectus and SEC Filings
Official JNL/Neuberger Berman Currency 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 2019-03-15
- Annual census, amended (N-CEN/A) — filed 2020-03-16
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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.