Annual Fund Operating Expenses
(Expenses that you pay each year as a percentage of the value of your investment) |
|
|
Class A
|
Management Fee
|
0.48%
|
Distribution and/or Service (12b-1) Fees
|
0.30%
|
Other Expenses1
|
0.10%
|
Total Annual Fund Operating Expenses
|
0.88%
|
1
|
"Other Expenses" include an Administrative Fee of 0.10% which is payable to Jackson National Asset Management, LLC ("JNAM" or "Adviser").
|
Annual Fund Operating Expenses
(Expenses that you pay each year as a percentage of the value of your investment) |
|
|
Class I
|
Management Fee
|
0.48%
|
Distribution and/or Service (12b-1) Fees
|
0.00%
|
Other Expenses1
|
0.10%
|
Total Annual Fund Operating Expenses
|
0.58%
|
1
|
"Other Expenses" include an Administrative Fee of 0.10% which is payable to Jackson National Asset Management, LLC ("JNAM" or "Adviser").
|
JNL/JPMorgan MidCap Growth Fund Class A
|
|||
1 year
|
3 years
|
5 years
|
10 years
|
$90
|
$281
|
$488
|
$1,084
|
JNL/JPMorgan MidCap Growth Fund Class I
|
|||
1 year
|
3 years
|
5 years
|
10 years
|
$59
|
$186
|
$324
|
$726
|
Period
|
|
|
1/1/2021 - 12/31/2021
|
44
|
%
|
•
|
Accounting risk – The
Fund bases investment selections, in part, on information drawn from the financial statements of issuers. Financial statements may not be accurate, may reflect differing approaches with respect to auditing and reporting standards and may
affect the ability of the Fund’s investment manager to identify appropriate investment opportunities.
|
•
|
Company risk – Investments in U.S. and/or foreign-traded equity securities may fluctuate more than the values of other types of securities in response to
changes in a particular company’s financial condition.
|
•
|
Counterparty risk – Transactions involving a counterparty are subject to the credit risk of the counterparty. A fund that enters into contracts with
counterparties, such as repurchase or reverse repurchase agreements or over-the-counter (“OTC”) derivatives contracts, or that lends its securities, runs the risk that the counterparty will be unable or unwilling to make timely settlement
payments or otherwise honor its obligations. If a counterparty fails to meet its contractual obligations, files for bankruptcy, or otherwise experiences a business interruption, the Fund could suffer losses, including monetary losses, miss
investment opportunities or be forced to hold investments it would prefer to sell. Counterparty risk is heightened during unusually adverse market conditions.
|
•
|
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.
|
•
|
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, 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.
|
•
|
Investment style risk –
The returns from a certain investment style may be lower than the returns from the overall stock market. Value stocks may not increase in price if other investors fail to recognize the company’s value or the factors that are expected to
increase the price of the security do not occur. Over market cycles, different investment styles may sometimes outperform other investment styles (for example, growth investing may outperform value investing).
|
•
|
Issuer risk – The value of an individual security or particular type of security can be more volatile than the market as a whole and can perform
differently from the market as a whole. A security’s value may decline for reasons that directly relate to the issuer, such as management performance, corporate governance, financial leverage and reduced demand for the issuer’s goods or
services.
|
•
|
Liquidity risk –
Investments in securities that are difficult to purchase or sell (illiquid or thinly-traded securities) may reduce returns if the Fund is unable to sell the securities at an advantageous time or price or achieve its desired level of exposure
to a certain sector. Liquidity risk arises, for example, from small average trading volumes, trading restrictions, or temporary suspensions of trading. To meet redemption requests, the Fund may be forced to sell securities at an unfavorable
time and/or under unfavorable conditions.
|
•
|
Managed portfolio risk –
As an actively managed portfolio, the value of the Fund’s investments could decline because the financial condition of an issuer may change (due to such factors as management performance, reduced demand or overall market changes), financial
markets may fluctuate or overall prices may decline, or the Sub-Adviser's investment techniques could fail to achieve the Fund’s investment objective or negatively affect the Fund’s investment performance.
|
•
|
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 such as the coronavirus (COVID-19) pandemic, 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.
|
•
|
Mid-capitalization investing risk
– The prices of securities of mid-capitalization companies may be more volatile than those of larger, more established companies.
|
•
|
Information technology sector
risk – Information technology companies face intense competition and potentially rapid product obsolescence. They are also heavily dependent on intellectual property rights and may be adversely affected by the loss or impairment of
those rights.
|
•
|
Stock risk – Stock markets
may experience significant short-term volatility and may fall sharply at times. Different stock markets may behave differently from each other and U.S. stock markets may move in the opposite direction from one or more foreign stock markets.
The prices of individual stocks generally do not all move in the same direction at the same time and a variety of factors can affect the price of a particular company’s stock.
|
Average Annual Total Returns as of 12/31/2021
|
|
|
|
|
|
|
|
1 year
|
|
5 year
|
|
10 year
|
|
JNL/JPMorgan MidCap Growth Fund (Class A)
|
11.03
|
%
|
23.09
|
%
|
18.31
|
%
|
Morningstar U.S. Mid Cap Broad Growth Index (reflects no deduction for fees, expenses, or taxes)
|
18.84
|
%
|
20.18
|
%
|
16.70
|
%
|
MSCI USA Mid Cap Growth Index (Gross) (reflects no deduction for fees, expenses, or taxes)
|
17.47
|
%
|
20.36
|
%
|
16.77
|
%
|
Average Annual Total Returns as of 12/31/2021
|
|
|
|
|
|
|
|
1 year
|
|
5 year
|
|
10 year
|
|
JNL/JPMorgan MidCap Growth Fund (Class I)
|
11.35
|
%
|
23.45
|
%
|
18.60
|
%
|
Morningstar U.S. Mid Cap Broad Growth Index (reflects no deduction for fees, expenses, or taxes)
|
18.84
|
%
|
20.18
|
%
|
16.70
|
%
|
MSCI USA Mid Cap Growth Index (Gross) (reflects no deduction for fees, expenses, or taxes)
|
17.47
|
%
|
20.36
|
%
|
16.77
|
%
|
Name:
|
Joined Fund Management Team In:
|
Title:
|
Tim Parton
|
2007
|
Managing Director, JPMorgan
|
Felise Agranoff
|
December 2015
|
Managing Director, JPMorgan
|
Daniel Bloomgarden
|
July 2022
|
Managing Director, JPMorgan
|