JNL Mid Cap Index Fund (I) (0P0001LCQ2)

Overview

The fund outlined specializes in tracking a specific index, dedicating a major portion of its assets to replicate the performance of said index. This implies a commitment to invest no less than 80% of its combined net assets and borrowed amounts for investment purposes directly into the stocks that constitute the index, adhering closely to their market capitalization weights within the index. To align its performance with the index, the fund may not only invest directly in the stocks but also utilize Exchange-Traded Funds (ETFs) and cash. Such maneuvers are strategic, serving multiple operational needs such as maintaining a close correlation with the index, facilitating index rebalancing procedures, and efficiently managing both the redemption demands from outgoing investors and the capital inflow from new or additional purchases.

Products and Services

The fund primarily offers an investment vehicle that aims to mirror the performance of a designated stock index. Below are the products and services provided:

• Index Tracking Investments

  This service is the cornerstone of the fund's operations, focusing on investments that replicate the performance of a specific index. By investing at least 80% of its assets in the stocks of the index, the fund seeks to ensure that its performance closely mirrors that of the index it follows. This approach is designed for investors looking for a passive investment strategy that aligns with the overall market or sector performance captured by the index.

• Exchange-Traded Funds (ETFs)

  As part of its strategy to maintain close correlation with its benchmark index, the fund may invest in ETFs. ETFs offer the advantage of being traded like individual stocks while providing the diversification benefits of a fund. This allows the fund to adapt to market changes, manage index rebalances more fluidly, and meet investor transactions more efficiently without significantly impacting the fund’s market position or strategy.

• Liquidity Management

  Cash holdings are strategically used by the fund not only as a buffer for liquidity to meet redemption requests and facilitate new investments but also as a tool for rebalancing the portfolio in accordance with shifts in the benchmark index. This aspect of the fund’s operation ensures that it remains flexible and responsive to investor needs and market dynamics while striving to maintain its investment objective.