C000192354 Fees and Costs — JNL/T. Rowe Price Capital Appreciation Fund, Class I
Data updated: 2020-05-28
The net expense ratio is 0.70%: a 0.54% management fee plus 0.16% other expenses. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $646K in broker commissions, 0.0131% of average net assets, and portfolio turnover was 62%.
C000192354 Fees and Expenses
Annual operating expenses and sales charges of C000192354. Prospectus, as of April 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.54% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.16% |
| Gross expense ratio | 0.70% |
| Fee waiver | — |
| Net expense ratio | 0.70% |
| 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 |
C000192354 Costs Over Time
On $10,000 invested in C000192354, assuming 5% a year before costs, total costs come to $449 over 5 years, cutting the return by 0.75% 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 0.70%) | $74 | $230 | $400 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $12 | $41 |
| Total costs | $75 | $246 | $449 |
| Value after costs | $10,425 | $11,330 | $12,314 |
| Impact on return, per year | 0.75% | 0.75% | 0.75% |
C000192354 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): 0.0131%
- Total broker commissions: $646K
- Bought from dealers (principal trades, not a cost): $6.1B
- Portfolio turnover (prospectus): 62%
- Securities on loan, average value: $44.2M
- Net income from securities lending: $326K (0.007% of average net assets)
C000192354 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $113K | 21.02% |
| Morgan Stanley & Co, Inc | $96K | 17.85% |
| JEFFERIES BACHE SECURITIES, LLC | $63K | 11.73% |
| Cowen and Company, LLC | $52K | 9.63% |
| Goldman Sachs & Co. LLC | $48K | 8.95% |
| J.P. MORGAN | $46K | 8.58% |
| RBC Capital Markets, LLC | $39K | 7.33% |
| Evercore ISI Group | $29K | 5.47% |
| UBS Limited | $25K | 4.74% |
| Sanford C. Bernstein & Co., LLC | $25K | 4.70% |
C000192354 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| T. Rowe Price Investment Services | $3.1B | 56.12% |
| Jackson National Asset Management, LLC | $1.1B | 20.07% |
| Morgan Stanley & Co, Inc | $327.6M | 5.96% |
| Barclays PLC | $190.4M | 3.46% |
| CitiGroup Global Markets, Inc. | $171.9M | 3.13% |
| Goldman Sachs & Co. LLC | $156.8M | 2.85% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $146.6M | 2.67% |
| Credit Suisse | $129.7M | 2.36% |
| Nomura Securities International, Inc. | $112.4M | 2.04% |
| J.P. MORGAN | $74.0M | 1.35% |
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.