C000225795 Fees and Costs — JNL/Morningstar PitchBook Listed Private Equity Fund, Class A
Data updated: 2026-05-28
The net expense ratio is 0.81%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2K in broker commissions, 0.0096% of average net assets, and portfolio turnover was 77%.
C000225795 Fees and Expenses
Annual operating expenses and sales charges of C000225795. Prospectus, as of April 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | 0.30% |
| Other expenses | 0.22% |
| Gross expense ratio | 0.81% |
| Fee waiver | — |
| Net expense ratio | 0.81% |
| 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 |
C000225795 Costs Over Time
On $10,000 invested in C000225795, assuming 5% a year before costs, total costs come to $515 over 5 years, cutting the return by 0.86% 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 0.81%) | $85 | $266 | $462 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $13 | $47 |
| Total costs | $86 | $282 | $515 |
| Value after costs | $10,414 | $11,294 | $12,248 |
| Impact on return, per year | 0.86% | 0.86% | 0.86% |
C000225795 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): 0.0096%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $17.0M
- Portfolio turnover (prospectus): 77%
- Securities on loan, average value: $564K
- Net income from securities lending: $4K (0.025% of average net assets)
C000225795 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $454 | 29.36% |
| J.P. Morgan Securities LLC | $236 | 15.28% |
| Morgan Stanley & Co, Inc | $210 | 13.61% |
| UBS Securities LLC | $172 | 11.10% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $148 | 9.58% |
| Instinet, LLC | $124 | 8.00% |
| Banc of America Securities | $78 | 5.05% |
| CLSA Americas, LLC | $62 | 3.98% |
| CitiGroup Global Markets, Inc. | $31 | 2.04% |
| HSBC Securities (USA) Inc. | $31 | 2.01% |
C000225795 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jackson National Asset Management, LLC | $7.8M | 45.91% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $3.3M | 19.58% |
| UBS Securities LLC | $2.1M | 12.47% |
| Goldman Sachs & Co. LLC | $1.3M | 7.55% |
| Morgan Stanley & Co, Inc | $1.2M | 7.22% |
| Barclays PLC | $1.1M | 6.17% |
| Merrill Lynch Professional Clearing Corp. | $114K | 0.67% |
| J.P. Morgan Securities LLC | $72K | 0.43% |
| Piper Jaffray Companies | $2K | 0.01% |
JNL/Morningstar PitchBook Listed Private 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 |
|---|---|---|---|
| C000225796 | Class I | 0.51% | — |
| C000225795 | Class A | 0.81% | — |
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.