JNL/Lazard International Strategic Equity Fund (0P0000Y0QE)

Overview

The fund is focused on investing primarily in equity securities of non-US companies, including those in emerging market countries. This diversified approach spans across common stocks, preferred stocks, convertible securities, and various types of depositary receipts such as ADRs, GDRs, and EDRs. Targeting companies with a market capitalization of $3 billion or more, the fund aims to leverage growth opportunities across the global market, with an emphasis on both developed and developing regions outside the United States.

Products and Services

• Common Stocks:

  Investments in common stocks of non-US companies, targeting entities with significant growth potential and market capitalizations of $3 billion or more. The focus is on firms that have a strong presence in their respective markets and sectors, providing an opportunity for the fund to benefit from equity value appreciation.

• Preferred Stocks:

  Preferred stocks provide a fixed dividend, which gives the fund a stable income stream. These investments are selected from non-US companies, combining income generation with potential for capital appreciation.

• Convertible Securities:

  Convertible securities offer the fund flexibility by combining the features of debt (with fixed interest payments) and equity (option to convert into common shares). This allows the fund to participate in the company's equity upside with reduced downside risk compared to direct equity investments.

• American Depositary Receipts (ADRs):

  ADRs represent a way to invest in non-US companies' shares through US stock exchanges. These instruments allow the fund to gain exposure to international markets while benefiting from the regulatory and reporting standards of US markets.

• Global Depositary Receipts (GDRs) and European Depositary Receipts (EDRs):

  GDRs and EDRs serve similar purposes to ADRs but are traded on European and other international exchanges. They provide the fund with access to a broader range of non-US companies and markets, enhancing global diversification.