C000248335 Fees and Costs — JNL/PPM America Investment Grade Credit Fund, Class A
Data updated: 2026-08-26
The net expense ratio is 0.83%: a 0.38% management fee, a 0.30% 12b-1 fee plus 0.15% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $6K in broker commissions, 0.0024% of average net assets, and portfolio turnover was 70%.
C000248335 Fees and Expenses
Annual operating expenses and sales charges of C000248335. Prospectus, as of April 23, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.38% |
| 12b-1 fee | 0.30% |
| Other expenses | 0.15% |
| Gross expense ratio | 0.83% |
| Fee waiver | — |
| Net expense ratio | 0.83% |
| 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 |
C000248335 Costs Over Time
On $10,000 invested in C000248335, assuming 5% a year before costs, total costs come to $522 over 5 years, cutting the return by 0.87% 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 0.83%) | $87 | $272 | $473 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $14 | $48 |
| Total costs | $87 | $287 | $522 |
| Value after costs | $10,413 | $11,290 | $12,240 |
| Impact on return, per year | 0.87% | 0.87% | 0.87% |
C000248335 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): 0.0024%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): $756.1M
- Portfolio turnover (prospectus): 70%
- Securities on loan, average value: $962K
- Net income from securities lending: $7K (0.003% of average net assets)
C000248335 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Banc of America Securities | $6K | 99.98% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $2 | 0.02% |
C000248335 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jackson National Asset Management, LLC | $244.1M | 37.55% |
| Banc of America Securities | $96.0M | 14.76% |
| Morgan Stanley & Co, Inc | $73.5M | 11.31% |
| J.P. Morgan Securities LLC | $56.0M | 8.61% |
| Goldman Sachs & Co. LLC | $47.7M | 7.33% |
| CitiGroup Global Markets, Inc. | $36.1M | 5.55% |
| Wells Fargo Securities, LLC | $30.3M | 4.66% |
| Barclays PLC | $24.5M | 3.77% |
| BMO Capital Markets Corp. | $22.8M | 3.51% |
| Nomura Securities International, Inc. | $19.2M | 2.95% |
JNL/PPM America Investment Grade Credit Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000248334 | Class I | 0.53% | — |
| C000248335 | Class A | 0.83% | — |
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.