C000192346 Fees and Costs — JNL/Eaton Vance Global Macro Absolute Return Advantage Fund, Class I
Data updated: 2020-05-28
The net expense ratio is 0.97%: a 0.78% management fee plus 0.18% other expenses. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $24K in broker commissions, 0.0104% of average net assets, and portfolio turnover was 86%.
C000192346 Fees and Expenses
Annual operating expenses and sales charges of C000192346. Prospectus, as of April 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.78% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.18% |
| Gross expense ratio | 0.97% |
| Fee waiver | — |
| Net expense ratio | 0.97% |
| 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 |
C000192346 Costs Over Time
On $10,000 invested in C000192346, assuming 5% a year before costs, total costs come to $613 over 5 years, cutting the return by 1.03% 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 0.97%) | $102 | $318 | $551 |
| Trading costs (broker commissions) | $1 | $3 | $6 |
| Lost growth on money paid in costs | $0 | $16 | $56 |
| Total costs | $103 | $337 | $613 |
| Value after costs | $10,397 | $11,239 | $12,149 |
| Impact on return, per year | 1.03% | 1.03% | 1.03% |
C000192346 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): 0.0104%
- Total broker commissions: $24K
- Bought from dealers (principal trades, not a cost): $1.6B
- Portfolio turnover (prospectus): 86%
- Securities lending: none during the year
C000192346 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Scotia Captial (USA), Inc. | $9K | 37.54% |
| CitiGroup Global Markets, Inc. | $5K | 20.65% |
| Fossar Markadir HF | $4K | 18.16% |
| KVIKA Bank HF | $1K | 4.90% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $1K | 4.66% |
| Arion Banki HF | $992 | 4.23% |
| Viet Capital Securities | $932 | 3.98% |
| Investment Technology Group Inc. | $771 | 3.29% |
| INDUSTRIAL AND COMMERCIAL BANK OF CHINA FINANCIAL SERVICES LLC | $605 | 2.58% |
C000192346 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jackson National Asset Management, LLC | $988.3M | 71.70% |
| Nomura Securities International, Inc. | $70.9M | 5.14% |
| CitiGroup Global Markets, Inc. | $66.7M | 4.84% |
| J.P. MORGAN | $61.6M | 4.47% |
| ICAP SECURITIES LTD | $38.7M | 2.80% |
| BGC FINANCIAL, L.P. | $33.5M | 2.43% |
| Goldman Sachs & Co. LLC | $33.2M | 2.41% |
| STANDARD BANK PLC | $32.1M | 2.33% |
| STANDARD CHARTERED BANK | $27.5M | 2.00% |
| Pershing, LLC | $25.9M | 1.88% |
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.