JNL/Mellon Capital Healthcare Sector Fund Class I (0P00003EHX)

Overview

The fund described is an investment vehicle that primarily focuses on the healthcare sector, allocating at least 80% of its assets towards securities within its target index. The composition of the index is concentrated on various subsectors of the healthcare industry, including biotechnology, pharmaceuticals, research services, home healthcare, hospitals, long-term care facilities, and medical equipment and supplies. By investing in these areas proportionally to their market capitalization weighting within the index, the fund seeks to mirror the performance of its benchmark. It is important to note that this fund adopts a non-diversified strategy, implying that it may invest more heavily in fewer securities, which could increase volatility or risk in comparison to diversified funds.

Products and Services

The fund's investment philosophy and objectives lead to a specific assortment of offerings within the healthcare sector. These encompass:

• Biotechnology - Investment in companies that are involved in the research, development, and distribution of biotechnological products. These can include novel therapies and drugs, genetic research, and development platforms aimed at treating a wide range of diseases.
• Pharmaceuticals - Focuses on companies that manufacture and market prescription drugs and over-the-counter medicines. These entities range from large, diversified companies to specialized entities focused on specific therapeutic areas.
• Research Services - Includes investment in companies that provide essential research services to the healthcare industry. This can involve contract research organizations (CROs) that support the drug development process, from early-stage discovery through to clinical trials and regulatory approval processes.
• Home Healthcare - Targets companies providing medical care or supportive services in patients' homes, which can range from nursing care and physical therapy to assistive care for the elderly or individuals with chronic health conditions.
• Hospitals - Investment in hospital operators and healthcare facilities that provide acute care, emergency services, elective surgeries, and outpatient services, reflecting the core foundation of healthcare service delivery.
• Long-term Care Facilities - Focuses on entities that operate facilities providing long-term care services, including skilled nursing, assisted living, and memory care, catering to individuals who require continual assistance due to age or health issues.
• Medical Equipment and Supplies - This area involves investment in companies that manufacture and distribute medical devices and supplies. These products are critical for diagnosing, monitoring, and treating a wide array of conditions and range from sophisticated imaging devices to basic consumable items like syringes and bandages.