C000202638 Fees and Costs — JNL Multi-Manager International Small Cap Fund, Class I
Data updated: 2026-08-26
The net expense ratio is 0.90%: a 0.74% management fee plus 0.16% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1.1M in broker commissions, 0.1590% of average net assets, and portfolio turnover was 116%.
C000202638 Fees and Expenses
Annual operating expenses and sales charges of C000202638. Prospectus, as of April 23, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.74% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.16% |
| Gross expense ratio | 0.90% |
| Fee waiver | — |
| Net expense ratio | 0.90% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000202638 Costs Over Time
On $10,000 invested in C000202638, assuming 5% a year before costs, total costs come to $662 over 5 years, cutting the return by 1.11% 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 0.90%) | $94 | $295 | $511 |
| Trading costs (broker commissions) | $17 | $52 | $90 |
| Lost growth on money paid in costs | $0 | $17 | $61 |
| Total costs | $111 | $364 | $662 |
| Value after costs | $10,389 | $11,212 | $12,101 |
| Impact on return, per year | 1.11% | 1.11% | 1.11% |
C000202638 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.1590%
- Total broker commissions: $1.1M
- Bought from dealers (principal trades, not a cost): $933.1M
- Portfolio turnover (prospectus): 116%
- Securities on loan, average value: $39.7M
- Net income from securities lending: $846K (0.125% of average net assets)
C000202638 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $100K | 16.36% |
| Berenberg Capital Markets LLC | $88K | 14.41% |
| Carnegie Inc | $66K | 10.86% |
| HSBC Securities (USA) Inc. | $57K | 9.28% |
| Morgan Stanley & Co, Inc | $54K | 8.75% |
| BNP Paribas Securities | $53K | 8.74% |
| Daiwa Securities | $50K | 8.19% |
| Goldman Sachs & Co. LLC | $50K | 8.15% |
| CitiGroup Global Markets, Inc. | $48K | 7.77% |
| Liquidnet, Inc. | $46K | 7.49% |
C000202638 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jackson National Asset Management, LLC | $920.9M | 98.69% |
| Goldman Sachs & Co. LLC | $7.1M | 0.76% |
| J.P. Morgan Securities LLC | $5.1M | 0.55% |
JNL Multi-Manager International Small Cap Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000202638 | Class I | 0.90% | — |
| C000202637 | Class A | 1.20% | — |
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.