C000202641 Fees and Costs — JNL/JPMorgan Hedged Equity Fund, Class A
Data updated: 2026-08-26
The net expense ratio is 0.96%: a 0.50% management fee, a 0.30% 12b-1 fee plus 0.16% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $162K in broker commissions, 0.0182% of average net assets, and portfolio turnover was 30%.
C000202641 Fees and Expenses
Annual operating expenses and sales charges of C000202641. Prospectus, as of April 23, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.30% |
| Other expenses | 0.16% |
| Gross expense ratio | 0.96% |
| Fee waiver | — |
| Net expense ratio | 0.96% |
| 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 |
C000202641 Costs Over Time
On $10,000 invested in C000202641, assuming 5% a year before costs, total costs come to $612 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 0.96%) | $101 | $315 | $546 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $16 | $56 |
| Total costs | $103 | $336 | $612 |
| Value after costs | $10,397 | $11,240 | $12,151 |
| Impact on return, per year | 1.03% | 1.03% | 1.03% |
C000202641 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): 0.0182%
- Total broker commissions: $162K
- Bought from dealers (principal trades, not a cost): $397.1M
- Portfolio turnover (prospectus): 30%
- Securities lending: none during the year
C000202641 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $55K | 36.42% |
| Goldman Sachs & Co. LLC | $50K | 33.44% |
| Banc of America Securities | $13K | 8.50% |
| RBC Capital Markets, LLC | $12K | 7.74% |
| Barclays PLC | $6K | 3.81% |
| Morgan Stanley & Co, Inc | $5K | 3.17% |
| Jefferies Group | $4K | 2.45% |
| Liquidnet, Inc. | $3K | 1.70% |
| Instinet, LLC | $2K | 1.40% |
| Cowen and Company, LLC | $2K | 1.37% |
C000202641 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jackson National Asset Management, LLC | $376.7M | 94.85% |
| Goldman Sachs & Co. LLC | $20.5M | 5.15% |
JNL/JPMorgan Hedged Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000202642 | Class I | 0.66% | — |
| C000202641 | Class A | 0.96% | — |
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.