JNL/The London Company Focused U.S. Equity Fund
Data updated: 2020-05-28
C000192353 — JNL/The London Company Focused U.S. Equity Fund. United States Blend / Core Equity · $52.75M AUM. Holdings, fees, performance and SEC filings.
C000192353 Fund Overview
JNL/The London Company Focused U.S. Equity Fund is a US mutual fund managed by Jackson Variable Series Trust, categorised as United States Blend / Core Equity. 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: United States Blend / Core Equity
- Assets under management: $52.75M
- SEC CIK: 0001532747
- SEC series ID: S000041932
- Share class ID: C000192353
C000192353 Investment Objective and Strategy
JNL/The London Company Focused U.S. Equity 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/The London Company Focused U.S. Equity Fund (the Fund) is to seek long-term capital appreciation by investing primarily in common stock of companies located in the United States.
Principal investment strategy
The Fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its assets (net assets plus the amount of any borrowings made for investment purposes) in common stocks of U.S. listed companies. The Fund may invest in companies of any market capitalization and will typically hold a limited number of names in the portfolio. The Funds sub-adviser, The London Company of Virginia, LLC (the Sub-Adviser), invests for the long-term and attempts to minimize turnover in an effort to reduce transaction costs and taxes. The Sub-Adviser emphasizes investments in profitable, financially stable, core companies that it believes are run by shareholder-oriented management and trade at valuations the Sub-Adviser believes are reasonable. The Sub-Adviser seeks companies with high return on capital, consistent free cash flow generation, predictability and stability.
The Sub-Adviser utilizes a bottom-up approach in the security selection process by screening its investable universe against an internally developed quantitative model, scoring companies along several dimensions, including return on capital, earnings to enterprise value ratio, and free cash flow yield. The Sub-Adviser seeks companies that are trading at 30-40% discount to what the Sub-Adviser defines as intrinsic value and looks at a companys corporate governance structure and management incentives to try to ascertain whether managements interests are aligned with shareholders interests. The Sub-Adviser seeks to identify the sources of a companys competitive advantages, as well as managements ability to increase shareholder value. Securities are ultimately added to the Funds portfolio when the Sub-Adviser determines that the risk/reward profile of the security has made it sufficiently attractive to warrant purchase.
The Sub-Adviser generally sells a security when the Sub-Adviser believes it has become overvalued and has reached the Sub-Advisers price target, when the securitys fundamentals deteriorate, to adjust overall portfolio risk, when there is significant trading activity by insiders, or when there is a more promising alternative. The Fund may invest in securities issued by companies in the financial services sector. 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.
C000192353 Costs and Fees
C000192353 costs about $75 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.75%
- Gross expense ratio: 0.75%
- Portfolio turnover: 11%
- Brokerage commissions: 2.98 bps of average net assets (SEC N-CEN)
C000192353 Cashflows
Over the 12 months to 2020-03, JNL/The London Company Focused U.S. Equity Fund had net inflows of $8.91M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-03 | −$307.54K |
| 2020-02 | −$1.03M |
| 2020-01 | −$670.49K |
| 2019-12 | −$634.76K |
| 2019-11 | −$994.88K |
| 2019-10 | $12.91M |
C000192353 Debt Constituents
No individual debt constituents are reported in JNL/The London Company Focused U.S. Equity Fund's latest SEC N-PORT filing.
C000192353 Prospectus and SEC Filings
Official JNL/The London Company Focused U.S. Equity 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
Related Funds
Other United States Blend / Core Equity funds tracked on ABC INVEST:
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.