09/13/2024 | Press release | Distributed by Public on 09/13/2024 09:47
Annual Fund Operating Expenses
(Expenses that you pay each year as a percentage of the value of your investment) |
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Class A
|
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Management Fee
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0.63%
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Distribution and/or Service (12b-1) Fees
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0.30%
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Other Expenses1
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0.15%
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Acquired Fund Fees and Expenses2
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0.01%
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Total Annual Fund Operating Expenses
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1.09%
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1
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"Other Expenses" include an Administrative Fee of 0.15% which is payable to Jackson National Asset Management, LLC ("JNAM" or "Adviser").
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2
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Acquired Fund Fees and Expenses are the indirect expenses of investing in other investment companies. Accordingly, the expense ratio presented in the Financial Highlights section of the prospectus will not correlate to the Total Annual Fund Operating Expenses disclosed above.
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Annual Fund Operating Expenses
(Expenses that you pay each year as a percentage of the value of your investment) |
|
Class I
|
|
Management Fee
|
0.63%
|
Distribution and/or Service (12b-1) Fees
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0.00%
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Other Expenses1
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0.15%
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Acquired Fund Fees and Expenses2
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0.01%
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Total Annual Fund Operating Expenses
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0.79%
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1
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"Other Expenses" include an Administrative Fee of 0.15% which is payable to Jackson National Asset Management, LLC ("JNAM" or "Adviser").
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2
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Acquired Fund Fees and Expenses are the indirect expenses of investing in other investment companies. Accordingly, the expense ratio presented in the Financial Highlights section of the prospectus will not correlate to the Total Annual Fund Operating Expenses disclosed above.
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JNL Multi-Manager Mid Cap Fund Class A
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|||
1 year
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3 years
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5 years
|
10 years
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$111
|
$347
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$601
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$1,329
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JNL Multi-Manager Mid Cap Fund Class I
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|||
1 year
|
3 years
|
5 years
|
10 years
|
$81
|
$252
|
$439
|
$978
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Period
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||
1/1/2023 - 12/31/2023
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44
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%
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•
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Market risk - Portfolio securities may decline in value due to factors affecting securities markets generally, such as real or perceived adverse economic, political, or regulatory conditions, inflation, changes in interest or currency rates or adverse investor sentiment, public health issues, including widespread disease and virus epidemics or pandemics, war, terrorism or natural disasters, among others. Adverse market conditions may be prolonged and may not have the same impact on all types of securities. The values of securities may fall due to factors affecting a particular issuer, industry or the securities market as a whole.
|
•
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Equity securities risk - Common and preferred stocks represent equity ownership in a company. Stock markets are volatile, and equity securities generally have greater price volatility than fixed-income securities. The price of equity or equity-related securities will fluctuate and can decline and reduce the value of a portfolio investing in equity or equity-related securities. The value of equity or equity-related securities purchased or held by the Fund could decline if the financial condition of the companies the Fund invests in decline or if overall market and economic conditions deteriorate. They may also decline due to factors that affect a particular industry or industries, such as labor shortages or an increase in production costs and competitive conditions within an industry. In addition, they may decline due to general market conditions that are not specifically related to a company or industry, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates or generally adverse investor sentiment.
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•
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Mid-capitalization investing risk - The stocks of mid-capitalization companies can be more volatile and their shares can be less liquid than those of larger companies. Mid-capitalization companies may have limited product lines, markets or financial resources or may depend on the expertise of a few people and may be subject to more abrupt or erratic market movements than securities of larger, more established companies or the market averages in general. Securities of such issuers may lack sufficient market liquidity to effect sales at an advantageous time or without a substantial drop in price.
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•
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Financial services risk - An investment in issuers in the financial services sector may be adversely affected by, among other things: (i) changes in the regulatory framework or interest rates that may negatively affect financial service businesses; (ii) exposure of a financial institution to a non-diversified or concentrated loan portfolio; (iii) exposure to financial leverage and/or investments or agreements which, under certain circumstances, may lead to losses (e.g., sub-prime loans); and (iv) the risk that a market shock or other unexpected market, economic, political, regulatory, public health or other event might lead to a sudden decline in the values of most or all companies in the financial services sector.
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•
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Sector risk - Companies with similar characteristics may be grouped together in broad categories called sectors. Sector risk is the risk that securities of companies within specific sectors of the economy can perform differently than the overall market. For example, this may be due to changes in the regulatory or competitive environment or changes in investor perceptions regarding a sector. Because the Fund may allocate relatively more assets to certain sectors than others, the Fund's performance may be more susceptible to any developments which affect those sectors emphasized by the Fund. In addition, the Fund could underperform other funds investing in similar sectors or comparable benchmarks because of the investment manager's choice of securities within such sector.
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•
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Foreign securities risk - Investments in, or exposure to, foreign securities involve risks not typically associated with U.S. investments. These risks include, among others, adverse fluctuations in foreign currency values, possible imposition of foreign withholding or other taxes on income payable on the securities, as well as adverse political, social and economic developments, such as political upheaval, acts of terrorism, financial troubles, sanctions or the threat of new or modified sanctions, or natural disasters. Many foreign securities markets, especially those in emerging market countries, are less stable, smaller, less liquid, and less regulated than U.S. securities markets, and the costs of trading in those markets is often higher than in U.S. securities markets. There may also be less publicly available information about issuers of foreign securities compared to issuers of U.S. securities. In addition, the economies of certain foreign markets may not compare favorably with the economy of the United States with respect to issues such as growth of gross national product, reinvestment of capital, resources and balance of payments position.
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•
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Depositary receipts risk - Depositary receipts, such as American depositary receipts ("ADRs"), global depositary receipts ("GDRs"), and European depositary receipts ("EDRs"), may be issued in sponsored or un-sponsored programs. They may be traded in the over-the-counter ("OTC") market or on a regional exchange, or may otherwise have limited liquidity. The prices of depositary receipts may differ from the prices of securities upon which they are based. In a sponsored program, a security issuer has made arrangements to have its securities traded in the form of depositary receipts. In an un-sponsored program, the issuer may not be directly involved in the creation of the program. Holders of un-sponsored depositary receipts generally bear all the costs of the facility. The depository usually charges fees upon deposit and withdrawal of the underlying securities, the conversion of dividends into U.S. dollars or other currency, the disposition of non-cash distributions, and the performance of other services. Depositary receipts involve many of the same risks as direct investments in foreign securities. These risks include: fluctuations in currency exchange rates, which are affected by international balances of payments and other economic and financial conditions; government intervention; and speculation. With respect to certain foreign countries, there is the possibility of expropriation or nationalization of assets, confiscatory taxation, political and social upheaval, and economic instability. Investments in depositary receipts that are exchange traded or OTC may also subject the Fund to liquidity risk. This risk is enhanced in connection with OTC depositary receipts.
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Average Annual Total Returns as of 12/31/2023
|
||||||
1 year
|
5 year
|
Life of Fund (September 19, 2016)
|
||||
JNL Multi-Manager Mid Cap Fund (Class A)
|
12.33
|
%
|
11.45
|
%
|
10.04
|
%
|
Morningstar US Market Extended Index (reflects no deduction for fees, expenses, or taxes)
|
26.22
|
%
|
15.15
|
%
|
13.16
|
%
|
Morningstar US Mid Cap Index (reflects no deduction for fees, expenses, or taxes)
|
16.24
|
%
|
13.38
|
%
|
11.21
|
%
|
Average Annual Total Returns as of 12/31/2023
|
||||||
1 year
|
5 year
|
Life of Class (September 25, 2017)
|
||||
JNL Multi-Manager Mid Cap Fund (Class I)
|
12.64
|
%
|
11.78
|
%
|
9.39
|
%
|
Morningstar US Market Extended Index (reflects no deduction for fees, expenses, or taxes)
|
26.22
|
%
|
15.15
|
%
|
12.22
|
%
|
Morningstar US Mid Cap Index (reflects no deduction for fees, expenses, or taxes)
|
16.24
|
%
|
13.38
|
%
|
10.29
|
%
|
Name:
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Joined Fund Management Team In:
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Title:
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William Harding, CFA
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September 2016
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Senior Vice President, Chief Investment Officer and Portfolio Manager, JNAM
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Sean Hynes, CFA, CAIA
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September 2016
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Vice President and Portfolio Manager, JNAM
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Mark Pliska, CFA
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September 2016
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Vice President and Portfolio Manager, JNAM
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Scott Brayman, CFA
|
September 2016
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Chief Investment Officer of Small and Mid Cap Strategies and Managing Partner, Champlain
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Corey Bronner, CFA
|
April 2018
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Deputy Chief Investment Officer of Small and Mid Cap Strategies and Partner, Champlain
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Joseph Caligiuri, CFA
|
April 2018
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Deputy Chief Investment Officer of Small and Mid Cap Strategies and Partner, Champlain
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Joseph Farley
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April 2018
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Senior Member of the Investment Team and Partner, Champlain
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Robert D. Hallisey
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April 2020
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Senior Member of the Investment Team and Partner, Champlain
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Jacqueline Williams, CFA
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April 2022
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Senior Member of the Investment Team and Partner, Champlain
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Brian Angerame
|
September 2016
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Portfolio Manager, ClearBridge
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Matthew Lilling, CFA
|
June 2020
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Portfolio Manager, ClearBridge
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Chris Armbruster, CFA
|
April 2022
|
Portfolio Manager and Senior Research Analyst, KAR
|
Noran Eid
|
October 2023
|
Portfolio Manager and Senior Research Analyst, KAR
|
Scott A. Moore, CFA
|
April 2020
|
President and Co-Chief Investment Officer, Nuance
|
Darren Schryer, CFA, CPA
|
April 2020
|
Vice President and Portfolio Manager, Nuance
|
Jack Meurer, CFA
|
May 2023
|
Vice President and Portfolio Manager, Nuance
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D. Adam West, CFA
|
July 2024
|
Vice President and Portfolio Manager, Nuance
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Gary H. Miller
|
September 2016
|
Chief Investment Officer and Lead Manager, Victory Capital/Sycamore Capital
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Jeffrey M. Graff, CFA
|
September 2016
|
Co-Portfolio Manager, Victory Capital/Sycamore Capital
|
Gregory M. Conners
|
September 2016
|
Co-Portfolio Manager, Victory Capital/Sycamore Capital
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James M. Albers, CFA
|
September 2016
|
Co-Portfolio Manager, Victory Capital/Sycamore Capital
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Michael F. Rodarte, CFA
|
September 2016
|
Co-Portfolio Manager, Victory Capital/Sycamore Capital
|