C000218189 Fees and Costs — JNL/T. Rowe Price Capital Appreciation Fund, Class A
Data updated: 2026-08-26
The net expense ratio is 0.95%: a 0.51% management fee, a 0.30% 12b-1 fee plus 0.14% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2.6M in broker commissions, 0.0181% of average net assets, and portfolio turnover was 124%.
C000218189 Fees and Expenses
Annual operating expenses and sales charges of C000218189. Prospectus, as of April 23, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.51% |
| 12b-1 fee | 0.30% |
| Other expenses | 0.14% |
| Gross expense ratio | 0.95% |
| Fee waiver | — |
| Net expense ratio | 0.95% |
| 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 |
C000218189 Costs Over Time
On $10,000 invested in C000218189, assuming 5% a year before costs, total costs come to $606 over 5 years, cutting the return by 1.02% 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 0.95%) | $100 | $311 | $540 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $16 | $56 |
| Total costs | $102 | $333 | $606 |
| Value after costs | $10,398 | $11,243 | $12,157 |
| Impact on return, per year | 1.02% | 1.02% | 1.02% |
C000218189 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): 0.0181%
- Total broker commissions: $2.6M
- Bought from dealers (principal trades, not a cost): $26.5B
- Portfolio turnover (prospectus): 124%
- Securities on loan, average value: $16.5M
- Net income from securities lending: $313K (0.002% of average net assets)
C000218189 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co, Inc | $341K | 18.01% |
| J.P. Morgan Securities LLC | $338K | 17.83% |
| Jefferies Group | $231K | 12.21% |
| BMO Capital Markets Corp. | $222K | 11.70% |
| UBS Securities LLC | $189K | 9.97% |
| Goldman Sachs & Co. LLC | $142K | 7.49% |
| Pershing, LLC | $130K | 6.84% |
| RBC Capital Markets, LLC | $127K | 6.71% |
| Barclays PLC | $95K | 5.00% |
| Stifel Financial Corporation | $80K | 4.23% |
C000218189 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| T. Rowe Price Investment Services, Inc. | $9.3B | 35.98% |
| CitiGroup Global Markets, Inc. | $3.6B | 13.86% |
| Morgan Stanley & Co, Inc | $2.9B | 11.43% |
| J.P. Morgan Securities LLC | $2.9B | 11.39% |
| Barclays PLC | $2.3B | 9.00% |
| Jackson National Asset Management, LLC | $1.8B | 6.84% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $1.1B | 4.27% |
| Banc of America Securities | $847.6M | 3.29% |
| BNP Paribas Securities | $538.8M | 2.09% |
| Goldman Sachs & Co. LLC | $473.0M | 1.84% |
JNL/T. Rowe Price Capital Appreciation Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000218188 | Class I | 0.65% | — |
| C000218189 | Class A | 0.95% | — |
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.