JNL/Lazard International Strategic Equity Fund Class I (0P0001AM69)

Overview

The fund described focuses on investing in a diversified portfolio of equity securities of non-U.S. companies, targeting those that engage primarily in business activities across emerging market countries. This includes a broad array of industries and sectors, allowing for a wide coverage of investment opportunities outside of the United States. The fund's investment strategy seeks to offer investors exposure to foreign markets, potentially providing growth through investments in common stocks, preferred stocks, convertible securities, and various depositary receipts. With a general focus on companies that have a market capitalization of $3 billion or more, the fund aims to invest in established entities that carry potential for growth and stability. The inclusion of securities from companies across the capitalization spectrum, however, allows for a balanced approach, aiming to mitigate risks while pursuing returns.

Products and Services

The fund offers a diverse range of investment vehicles to achieve its strategic objectives:

• Common Stocks: Shares in companies that provide investors with a proportionate ownership. Investing in common stocks is fundamental for the fund, offering the potential for capital growth as the companies expand and profit.
• Preferred Stocks: A class of ownership in a corporation that has a higher claim on its assets and earnings than common stock. Preferred stocks typically provide investors with fixed dividends, combining features of both equity and debt securities, and therefore offer a potential income stream for the fund.
• Convertible Securities: These are bonds or preferred shares that can be converted into a predetermined amount of the company’s common stock. Convertible securities provide the fund with the opportunity to participate in the equity upside of the issuing company while potentially mitigating downside risk through the fixed income feature of the bond or preferred share.
• American Depositary Receipts (ADRs), Global Depositary Receipts (GDRs), and European Depositary Receipts (EDRs): These financial instruments allow the fund to invest in foreign companies' stocks easily and efficiently, as they represent the shares of non-U.S. companies traded on U.S. and global exchanges. They offer a practical avenue for increasing the fund's geographical and sectoral diversification, enhancing the potential for international exposure and gains.