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Jnlny Separate Account I, et al. – ‘485BPOS’ on 4/18/17

On:  Tuesday, 4/18/17, at 11:18am ET   ·   Effective:  4/24/17   ·   Accession #:  1045032-17-70   ·   File #s:  811-08401, 333-192972

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Post-Effective Amendment
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 485BPOS     Post-Effective Amendment                            HTML   8.73M 
 4: EX-99.10    Exhibit 99.10 Kpmg Consent                          HTML      5K 
 2: EX-99.5H    Exhibit 99.5H Application                           HTML     39K 
 3: EX-99.9     Exhibit 99.9 Legal Opinion                          HTML     10K

485BPOS   —   Post-Effective Amendment
Document Table of Contents

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11st Page   -   Filing Submission
"A-1
"B-1
"C-1
"Report of Independent Registered Public Accounting Firm
"Balance Sheets
"Income Statements
"Statements of Comprehensive Income
"Statements of Equity
"Statements of Cash Flows
"Notes to Financial Statements

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  2017 - NY Elite Access Brokerage Edition 333-192972 Combined Document  


As filed with the Securities and Exchange Commission on April 18, 2017
Commission File Nos. 333-192972
811-08401

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-4
            
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
 
 
 
 
 
Pre-Effective Amendment No.
[ ]
 
 
 
 
Post-Effective Amendment No. 6
[X]
 
 
and/or

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940

 
Amendment No. 430
[X]

JNLNY SEPARATE ACCOUNT I
(Exact Name of Registrant)


JACKSON NATIONAL LIFE INSURANCE COMPANY OF NEW YORK
(Name of Depositor)


2900 Westchester Avenue, Purchase, New York 10577
(Address of Depositor's Principal Executive Offices)

Depositor's Telephone Number, including Area Code: (517) 381-5500

Andrew J. Bowden, Esq., Senior Vice President, General Counsel and secretary
Jackson National Life Insurance Company, 1 Corporate Way, Lansing, MI 48951
(Name and Address of Agent for Service)

Copy to:
Frank J. Julian, Esq., Assistant Vice President, Legal
Jackson National Life Insurance Company, 1 Corporate Way, Lansing, MI 48951
Approximate Date of Proposed Public Offering:
 
 
It is proposed that this filing will become effective (check appropriate box)
[ ]
immediately upon filing pursuant to paragraph (b)
[X]
on April 24, 2017 pursuant to paragraph (b)
[ ]
60 days after filing pursuant to paragraph (a)(1)
[ ]
on (date) pursuant to paragraph (a)(1).
 
If appropriate, check the following box:
[ ]
this post-effective amendment designates a new effective date for a previously filed post-effective amendment
 
Title of Securities Being Registered: the variable portion of Flexible Premium Fixed and Variable Deferred Annuity contracts





ELITE ACCESS BROKERAGE EDITION® 

FLEXIBLE PREMIUM VARIABLE AND FIXED DEFERRED ANNUITY

Issued by
Jackson National Life Insurance Company of New York® through
JNLNY Separate Account I

The date of this prospectus is April 24, 2017 . This prospectus states the information about the Separate Account, the Contract, and Jackson National Life Insurance Company of New York (“Jackson of NY®”) you should know before investing. This prospectus is a disclosure document and describes all of the Contract’s material features, benefits, rights, and obligations. The description of the Contract’s material provisions in this prospectus is current as of the date of this prospectus. If certain material provisions under the Contract are changed after the date of this prospectus, in accordance with the Contract, those changes will be described in a supplemented prospectus. You should carefully read this prospectus in conjunction with any applicable supplements. It is important that you also read the Contract and endorsements, which may reflect non-material variations. This information is meant to help you decide if the Contract will meet your needs. Please carefully read this prospectus and any related documents and keep everything together for future reference. Additional information about the Separate Account can be found in the statement of additional information (“SAI”) dated April 24, 2017 that is available upon request without charge. To obtain a copy, complete the Statement of Additional Information Request Form on page 53, or contact us at our:
Jackson of NY Service Center
P.O. Box 30313
Lansing, Michigan 48909-7813
1-800-599-5651
www.jackson.com

We reserve the right to limit the number of Contracts that you may purchase. We also reserve the right to refuse initial and any or all subsequent Premium payments. Please confirm with us or your representative that you have the most current prospectus and supplements to the prospectus.

We offer other variable annuity products with different product features, benefits and charges. You may purchase the Contract through an automated electronic transmission/order ticket verification procedure.  This may not be available through all broker-dealers.  Ask your representative about availability and the details.    

The SAI is incorporated by reference into this prospectus, and its table of contents appears on page 53. The prospectus and SAI are part of the registration statement that we filed with the Securities and Exchange Commission (“SEC”) about this securities offering. The registration statement, material incorporated by reference, and other information is available on the website the SEC maintains (http://www.sec.gov) regarding registrants that make electronic filings.

Jackson of NY is relying on SEC Rule 12h-7, which exempts insurance companies from filing periodic reports under the Securities Exchange Act of 1934 with respect to variable annuity contracts that are registered under the Securities Act of 1933 and regulated as insurance under state law.
Neither the SEC nor any state securities commission has approved or disapproved these securities or passed upon the adequacy of this prospectus. It is a criminal offense to represent otherwise. We do not intend for this prospectus to be an offer to sell or a solicitation of an offer to buy these securities in any state where this is not permitted.
• Not FDIC/NCUA insured • Not Bank/CU guaranteed • May lose value • Not a deposit • Not insured by any federal agency




The Contract makes available for investment variable and fixed options. The fixed options are not available if you elect the Liquidity Option. The variable options are Investment Divisions of the Separate Account, each of which invests in one of the following Funds – all class A shares:

JNL Series Trust

JNL/American Funds® Growth-Income Fund
JNL/American Funds International Fund
JNL Multi-Manager Alternative Fund
JNL Multi-Manager Mid Cap Fund
JNL Multi-Manager Small Cap Growth Fund
JNL Multi-Manager Small Cap Value Fund
JNL Alt 65 Fund
JNL/American Funds Balanced Allocation Fund
JNL/American Funds Growth Allocation Fund
JNL/AB Dynamic Asset Allocation Fund
JNL/AQR Large Cap Relaxed Constraint Equity Fund (formerly, JNL/Goldman Sachs U.S. Equity Flex Fund)
JNL/AQR Managed Futures Strategy Fund
JNL/BlackRock Global Allocation Fund
JNL/BlackRock Natural Resources Fund
JNL/Boston Partners Global Long Short Equity Fund
JNL/Brookfield Global Infrastructure and MLP Fund
JNL/Causeway International Value Select Fund
JNL/Crescent High Income Fund
JNL/DFA Growth Allocation Fund
JNL/DFA Moderate Allocation Fund
JNL/DFA U.S. Core Equity Fund
JNL/DoubleLine® Emerging Markets Fixed Income Fund
JNL/DoubleLine® Shiller Enhanced CAPE® Fund
JNL/FPA + DoubleLine® Flexible Allocation Fund
JNL/Franklin Templeton Global Multisector Bond Fund
JNL/Franklin Templeton Income Fund
JNL/Franklin Templeton International Small Cap Growth Fund
JNL/Goldman Sachs Emerging Markets Debt Fund
JNL/Harris Oakmark Global Equity Fund
JNL/Invesco China-India Fund
JNL/Invesco Global Real Estate Fund
JNL/Invesco International Growth Fund
JNL/Invesco Small Cap Growth Fund
JNL/JPMorgan MidCap Growth Fund
JNL/JPMorgan U.S. Government & Quality Bond Fund
JNL/Lazard Emerging Markets Fund
JNL/Mellon Capital 10 x 10 Fund
JNL/Mellon Capital Index 5 Fund
JNL/Mellon Capital Emerging Markets Index Fund
JNL/Mellon Capital European 30 Fund
JNL/Mellon Capital Pacific Rim 30 Fund
JNL/Mellon Capital MSCI KLD 400 Social Index Fund
JNL/Mellon Capital S&P 500 Index Fund
JNL/Mellon Capital S&P 400 MidCap Index Fund
JNL/Mellon Capital Small Cap Index Fund
JNL/Mellon Capital International Index Fund
JNL/Mellon Capital Bond Index Fund
JNL/Mellon Capital Utilities Sector Fund
JNL/MMRS Conservative Fund
JNL/MMRS Growth Fund
JNL/MMRS Moderate Fund
JNL/Neuberger Berman Strategic Income Fund
JNL/Oppenheimer Emerging Markets Innovator Fund
JNL/PIMCO Real Return Fund
 
JNL/PIMCO Total Return Bond Fund
JNL/PPM America Floating Rate Income Fund
JNL/PPM America High Yield Bond Fund
JNL/PPM America Mid Cap Value Fund
JNL/PPM America Total Return Fund
JNL/Red Rocks Listed Private Equity Fund
JNL/Scout Unconstrained Bond Fund
JNL/T. Rowe Price Established Growth Fund
JNL/T. Rowe Price Short-Term Bond Fund
JNL/T. Rowe Price Value Fund
JNL/Westchester Capital Event Driven Fund
JNL/WMC Balanced Fund
JNL/WMC Government Money Market Fund (formerly, JNL/WMC Money Market Fund)
JNL/S&P Competitive Advantage Fund
JNL/S&P Dividend Income & Growth Fund
JNL/S&P International 5 Fund
JNL/S&P Intrinsic Value Fund
JNL/S&P Total Yield Fund
JNL/S&P 4 Fund
JNL/S&P Mid 3 Fund
JNL Disciplined Moderate Fund
JNL Disciplined Moderate Growth Fund
JNL Disciplined Growth Fund

Jackson Variable Series Trust

JNAM Guidance - Interest Rate Opportunities Fund
JNAM Guidance - Conservative Fund
JNAM Guidance - Moderate Fund
JNAM Guidance - Growth Fund
JNAM Guidance - Moderate Growth Fund
JNAM Guidance - Maximum Growth Fund
JNAM Guidance - Alt 100 Fund
JNAM Guidance - Equity 100 Fund
JNAM Guidance - Fixed Income 100 Fund
JNAM Guidance - Real Assets Fund
JNL Tactical ETF Conservative Fund
JNL Tactical ETF Moderate Fund
JNL Tactical ETF Growth Fund
JNL/American Funds® Global Growth Fund
JNL/American Funds® Growth Fund
JNL/AQR Risk Parity Fund
JNL/BlackRock Global Long Short Credit Fund
JNL/DFA U.S. Micro Cap Fund
JNL/DoubleLine® Total Return Fund
JNL/Eaton Vance Global Macro Absolute Return Advantage Fund
JNL/Epoch Global Shareholder Yield Fund
JNL/FAMCO Flex Core Covered Call Fund
JNL/Lazard International Strategic Equity Fund
JNL/Neuberger Berman Currency Fund
JNL/Neuberger Berman Risk Balanced Commodity Strategy Fund
JNL/Nicholas Convertible Arbitrage Fund
JNL/PIMCO Credit Income Fund


JNL/PPM America Long Short Credit Fund
JNL/T. Rowe Price Capital Appreciation Fund
JNL/The Boston Company Equity Income Fund
JNL/The London Company Focused U.S. Equity Fund
JNL/Van Eck International Gold Fund
JNL/WCM Focused International Equity Fund

JNL Variable Fund LLC

JNL/Mellon Capital Dow SM Index Fund
JNL/Mellon Capital Global 30 Fund
 
JNL/Mellon Capital Nasdaq® 100 Fund
JNL/Mellon Capital S&P® SMid 60 Fund
JNL/Mellon Capital JNL 5 Fund
JNL/Mellon Capital Communications Sector Fund
JNL/Mellon Capital Consumer Brands Sector Fund
JNL/Mellon Capital Financial Sector Fund
JNL/Mellon Capital Healthcare Sector Fund
JNL/Mellon Capital Oil & Gas Sector Fund
JNL/Mellon Capital Technology Sector Fund


Underscored are the Funds that are newly available or recently underwent name changes, as may be explained in the accompanying parenthetical. The Funds are not the same mutual funds that you would buy directly from a retail mutual fund company or through your stockbroker. The summary prospectuses for the Funds are attached to this prospectus. You should read the summary prospectuses before investing.

In addition, the following Previously Offered Fund merged into the corresponding Currently Offered Fund effective April 24, 2017:
Previously Offered Fund
Currently Offered Fund
JNL/Mellon Capital S&P® 24 Fund
JNL/Mellon Capital JNL 5 Fund

If you have Contract Value that was transferred to an Investment Division investing in a Currently Offered Fund as a result of a merger, you may transfer all or a portion of your Contract Value out of such Investment Division into the other investment options available under your Contract. If the transfer is completed within 60 days following April 24, 2017, the transfer will not be assessed a transfer charge or be treated as a transfer for the purpose of determining how many subsequent transfers may be made in a Contract Year without charge.




TABLE OF CONTENTS
GLOSSARY   
1
KEY FACTS   
3
FEES AND EXPENSES TABLES   
4
Owner Transaction Expenses
4
Periodic Expenses
5
Total Annual Fund Operating Expenses
5
EXAMPLE   
9
CONDENSED FINANCIAL INFORMATION    
10
THE ANNUITY CONTRACT   
10
JACKSON OF NY   
11
THE FIXED ACCOUNT   
11
Fixed Account Options
11
THE SEPARATE ACCOUNT   
13
INVESTMENT DIVISIONS   
14
JNL Series Trust
15
Jackson Variable Series Trust
25
JNL Variable Fund LLC
30
Voting Privileges
32
Substitution
32
CONTRACT CHARGES   
32
Mortality and Expense Risk Charge
32
Annual Contract Maintenance Charge
32
Administration Charge
32
Transfer Charge
32
Withdrawal Charge
33
Liquidity Option Charge
34
Other Expenses
34
Premium Taxes
34
Income Taxes
34
DISTRIBUTION OF CONTRACTS   
34
PURCHASES   
36
Minimum Initial Premium
36
Minimum Additional Premiums
36
Maximum Premiums
36
Allocations of Premium
37
Capital Protection Program
37
Accumulation Units
37
TRANSFERS AND FREQUENT TRANSFER RESTRICTIONS   
38
Potential Limits and Conditions on Fixed Account Transfers
38


Restrictions on Transfers: Market Timing
39
TELEPHONE AND INTERNET TRANSACTIONS   
40
The Basics
40
What You Can Do and How
40
What You Can Do and When
40
How to Cancel a Transaction
40
Our Procedures
40
ACCESS TO YOUR MONEY   
41
Liquidity Option
41
Systematic Withdrawal Program
42
Suspension of Withdrawals or Transfers
42
INCOME PAYMENTS (THE INCOME PHASE)   
42
Fixed Income Payments
42
Variable Income Payments
43
Income Options
43
DEATH BENEFIT   
44
Payout Options
44
Pre-Selected Payout Options
44
Spousal Continuation Option
44
Death of Owner On or After the Income Date
45
Death of Annuitant
45
Stretch Contracts
45
TAXES   
45
Contract Owner Taxation
45
Tax-Qualified and Non-Qualified Contracts
45
Non-Qualified Contracts – General Taxation
46
Non-Qualified Contracts – Aggregation of Contracts
46
Non-Qualified Contracts – Withdrawals and Income Payments
46
Non-Qualified Contracts – Required Distributions
46
Non-Qualified Contracts – 1035 Exchanges
47
Tax-Qualified Contracts – Withdrawals and Income Payments
47
Withdrawals – Tax-Sheltered Annuities
47
Withdrawals – Roth IRAs
47
Constructive Withdrawals – Investment Adviser Fees
47
Death Benefits
47
Assignment
47
Diversification
47
Owner Control
48
Withholding
48
Jackson of NY Taxation
48
OTHER INFORMATION   
49


Dollar Cost Averaging
49
Dollar Cost Averaging Plus (DCA+)
49
Earnings Sweep
49
Guidance Model Portfolios
49
Rebalancing
51
Free Look
51
Advertising
51
Modification of Your Contract
52
Confirmation of Transactions
52
Legal Proceedings
52
TABLE OF CONTENTS OF THE STATEMENT OF ADDITIONAL INFORMATION   
53
APPENDIX A (Trademarks, Services Marks, and Related Disclosures)
A-1
APPENDIX B (Financial Institution Support)
B-1
APPENDIX C (Accumulation Unit Values)
C-1



GLOSSARY

These terms are capitalized when used throughout this prospectus because they have special meaning. In reading this prospectus, please refer back to this glossary if you have any questions about these terms.

Accumulation Unit – a unit of measure we use to calculate the value in an Investment Division prior to the Income Date.

Annuitant – the natural person on whose life annuity payments for this Contract are based. The Contract allows for the naming of joint Annuitants. Any reference to the Annuitant includes any joint Annuitant.

Annuity Unit – a unit of measure we use in calculating the value of a variable annuity payment on and after the Income Date.

Beneficiary – the natural person or legal entity designated to receive any Contract benefits upon the Owner's death. The Contract allows for the naming of multiple Beneficiaries.

Business Day – each day that the New York Stock Exchange is open for business.

Completed Year – the succeeding twelve months from the date on which we receive a Premium payment. Completed Years specify the years from the date of receipt of the Premium and does not refer to Contract Years. If the Premium receipt date is on the Issue Date of the Contract then Completed Year 0-1 does not include the first Contract Anniversary. The first Contract Anniversary begins Completed Year 1-2 and each successive Completed Year begins with the Contract Anniversary of the preceding Contract Year and ends the day before the next Contract Anniversary.

If the Premium receipt date is other than the Issue Date or a subsequent Contract Anniversary, there is no correlation of the Contract Anniversary date and Completed Years. For example, if the Issue Date is January 15, 2018 and a Premium payment is received on February 28, 2018 then, although the first Contract Anniversary is January 15, 2019, Completed Year 0-1 for that Premium payment would begin on February 28, 2018 and end on February 27, 2019. Completed Year 1-2 for that Premium payment would begin on February 28, 2019 .

Contract – the individual deferred variable and fixed annuity contract, including any endorsements.

Contract Anniversary – each one-year anniversary of the Contract's Issue Date.

Contract Month – the period of time between consecutive monthly anniversaries of the Contract's Issue Date.

Contract Monthly Anniversary – each one-month anniversary of the Contract's Issue Date.

Contract Quarter – the period of time between consecutive three-month anniversaries of the Contract's Issue Date.

Contract Quarterly Anniversary – each three-month anniversary of the Contract's Issue Date.

Contract Value – the sum of the allocations between the Contract's Investment Divisions and Fixed Account.

Contract Year – the succeeding twelve months from a Contract's Issue Date and every anniversary. The first Contract Year (Contract Year 0-1) starts on the Contract's Issue Date and extends to, but does not include, the first Contract Anniversary. Subsequent Contract Years start on an anniversary date and extend to, but do not include, the next anniversary date.
 
For example, if the Issue Date is January 15, 2018, then the end of Contract Year 0-1 would be January 14, 2019, and January 15, 2019, which is the first Contract Anniversary, begins Contract Year 1-2.

Fixed Account – part of our General Account to which the Contract Value you allocate is guaranteed to earn a stated rate of return over the specified period. The Fixed Account consists of the Fixed Account Options.

Fixed Account Option – a Contract option within the Fixed Account for a specific period under which a stated rate of return will be credited.

Fund – a registered management investment company in which an Investment Division of the Separate Account invests.

General Account – the General Account includes all our assets, including any Contract Value allocated to the Fixed Account, which are available to our creditors.

Good Order – when our administrative requirements, including all information, documentation and instructions deemed necessary by us, in our sole discretion, are met in order to issue a Contract or execute any requested transaction pursuant to the terms of the Contract.

Income Date – the date on which you begin receiving annuity payments.

Interest Rate Adjustment – an adjustment to the Contract Value allocated to the Fixed Account that is withdrawn, or transferred before the end of the period.

Investment Division – one of multiple variable options of the Separate Account to allocate your Contract’s value, each of which exclusively invests in a different available Fund. The Investment Divisions are called variable because the return on investment is not guaranteed.

Issue Date – the date your Contract is issued.

Jackson of NY, JNLNY, we, our, or us – Jackson National Life Insurance Company of New York. (We do not capitalize “we,” “our,” or “us” in the prospectus.)

Latest Income Date – the Contract Anniversary on or next following the date on which the Owner attains age 95 under a non-qualified contract, or such earlier date as required by the applicable qualified plan, law or regulation.

Liquidity Option – an optional benefit that provides for no withdrawal charges.

Owner, you or your – the natural person or legal entity entitled to exercise all rights and privileges under the Contract. Usually, but not always, the Owner is the Annuitant. The Contract allows for the naming of joint Owners. (We do not capitalize “you” or “your” in the prospectus.) Any reference to the Owner includes any joint Owner.

Premium(s) – considerations paid into the Contract by or on behalf of the Owner. The maximum aggregate Premium payments you may make without prior approval is $2.5 million. This maximum amount is subject to further limitations at any time on both initial and subsequent Premium payments.

1


Remaining Premium – the total Premium paid reduced by withdrawals that incur withdrawal charges, and withdrawals of Premiums that are no longer subject to withdrawal charges.

Separate Account – JNLNY Separate Account I. The Separate Account is divided into sub-accounts generally referred to as Investment Divisions.




2


KEY FACTS
The immediately following two sections briefly introduce the Contract (and its benefits and features) and its costs; however, please carefully read the whole prospectus and any related documents before purchasing the Contract to be sure that it will meet your needs.
 
Allocation Options
The Contract makes available Investment Divisions and a Fixed Account for allocation of your Premium payments and Contract Value. For more information about the Fixed Account, please see “THE FIXED ACCOUNT” beginning on page 11. For more information about the Investment Divisions, please see “INVESTMENT DIVISIONS” beginning on page 14.
 
 
 
 
Investment Purpose
The Contract is intended to help you save for retirement or another long-term investment purpose. The Contract is designed to provide tax deferral on your earnings, if it is not issued under a qualified retirement plan. Qualified plans confer their own tax deferral. For more information, please see “TAXES” beginning on page 45.
 
 
 
 
Free Look
If you change your mind about having purchased the Contract, you may return it without penalty. There are conditions and limitations, including time limitations. For more information, please see “Free Look” beginning on page 51.
 
 
 
 
Optional Features
An optional Liquidity Option may be elected for an additional charge. This option may not be available through all broker-dealers. For more information, please see “LIQUIDITY OPTION” beginning on page 41.
 
 
 
 
Purchases
There are minimum and maximum Premium requirements. The Contract also has a Premium protection option, namely the Capital Protection Program. For more information about this option, please see “PURCHASES” beginning on page 36.
 
 
 
 
Withdrawals
Before the Income Date, there are a number of ways to access your Contract Value, generally subject to a charge or adjustment, particularly during the early Contract Years. The Contract has a free withdrawal provision or the optional Liquidity Option. For more information, please see “ACCESS TO YOUR MONEY” beginning on page 41.
 
 
 
 
Income Payments
There are a number of income options available. For more information, please see “INCOME PAYMENTS (THE INCOME PHASE)” beginning on page 42.
 
 
 
 
Death Benefit
The Contract has a death benefit that becomes payable if you die before the Income Date. For more information, please see “DEATH BENEFIT” beginning on page 44.
 
 
 
 
Contract Charges
Various charges apply under the Contract as summarized in the “FEES AND EXPENSES TABLES” below. If the Contract Value is insufficient to pay the charges under the Contract, the Contract will terminate without value.


3

FEES AND EXPENSES TABLES

The following tables describe the fees and expenses that you will pay when purchasing, owning and surrendering the Contract. The first table (and footnotes) describes the fees and expenses that you will pay at the time that you purchase the Contract, surrender the Contract or transfer cash value between investment options.
 
Owner Transaction Expenses
 
 
 
 
 
Front-end Sales Load
None
 
 
 
 
 
 
Maximum Withdrawal Charge 1 
 
 
 
 
Percentage of Premium withdrawn, if applicable
6.5%
 
 
 
 
 
 
Maximum Premium Taxes 2
 
 
 
 
Percentage of each Premium
2%
 
 
 
 
 
Transfer Charge 3
 
 
 
 
Per transfer after 15 in a Contract Year
$25
 
 
 
 
 
 
Expedited Delivery Charge 4
$22.50
 
 
 
 
 

1 
There may be a withdrawal charge on the following withdrawals of Contract Value: withdrawals in excess of the free withdrawal amounts; withdrawals under a tax-qualified Contract that exceed the required minimum distributions of the Internal Revenue Code; withdrawals in excess of the free withdrawal amount to meet the required minimum distributions of a tax-qualified Contract purchased with contributions from a nontaxable transfer, after the Owner’s death, of an Individual Retirement Annuity (IRA), or to meet the required minimum distributions of a Roth IRA annuity; a total withdrawal; and withdrawals on an Income Date that is within one year of the Issue Date. The withdrawal charge is a schedule lasting five Completed Years following each Premium, or there is an optional Liquidity Option available that provides for no withdrawal charges.

Withdrawal Charge (as a percentage of Premium payments)

 
 
Completed Years Since Receipt Of Premium
0-1
1-2
2-3
3-4
4-5
5+
Withdrawal Charge
6.5%
6.0%
5.0%
4.0%
3.0%
0%

2 
Currently, Premium taxes do not apply.

3 
We do not count transfers in conjunction with Dollar Cost Averaging, Earnings Sweep, Rebalancing, and periodic automatic transfers. For information on the Dollar Cost Averaging, Earnings Sweep and Rebalancing programs please see the applicable section under “OTHER INFORMATION” beginning on page 49.

4 
For overnight delivery on Saturday; otherwise, the overnight delivery charge is $10 for withdrawals. We also charge $20 for wire transfers in connection with withdrawals.


4

The following table s (and footnotes) describe the fees and expenses that you will pay periodically during the time that you own the Contract, not including the Funds’ fees and expenses.
 
Periodic Expenses
 
 
Base Contract
 
 
 
 
 
Annual Contract Maintenance Charge 5
$30
 
 
 
 
 
Separate Account Annual Expenses
 
 
 
 
Annual percentage of average daily account value of Investment Divisions
 
 
 
 
 
 
 
Mortality And Expense Risk Charge
 
0.85%
 
 
 
 
 
 
 
 
Administration Charge 6
 
0.15%
 
 
 
 
 
 
Total Separate Account Annual Expenses for Base Contract
1.00%
 
 
 
 
 
 
 
 
 
Optional Benefit Charge – The following optional benefit is available for an additional charge. The charge is based on average daily Contract Value in the Investment Divisions.
 
 
 
 
 
 
Liquidity Option
 
0.25%
 
 
 
 

5 
This charge is waived on Contract Value of $50,000 or more. This charge is deducted proportionally from allocations to the Investment Divisions and the Fixed Account either annually (on your Contract Anniversary) or in conjunction with a total withdrawal, as applicable.

6 
This charge is waived if the Contract Value on the later of the Issue Date or the most recent Contract Quarterly Anniversary is greater than or equal to $1 million. If your Contract Value subsequently drops below $1 million on the most recent Contract Quarterly Anniversary, the Administration Charge will be reinstated as of that date.

The next item shows the minimum and maximum total annual operating expenses charged by the Funds that you may pay periodically during the time that you own the Contract.

Total Annual Fund Operating Expenses

(Expenses that are deducted from Fund assets, including management and administration fees, 12b-1 service fees and other expenses.)
 
Minimum: 0.55%
 
Maximum: 2.35%
 

More detail concerning each Fund's fees and expenses is below. But please refer to the Funds' prospectuses for even more information, including investment objectives, performance, and information about the Funds' Advisers, Administrators, and Sub-Advisers.



5


Fund Operating
Expenses

(As an annual percentage of
each Fund's average
daily net assets)

Fund Name
Management
Fee

Distribution
and/or Service
(12b-1) Fees
Other Expenses

Acquired Fund
Fees and Expenses
Total
Annual Fund Operating Expenses
Contractual
Fee Waiver
and/or Expense Reimbursement
Net Total Annual Fund Operating Expenses
JNL Series Trust
JNL/American Funds Growth-Income
0.93% A
0.20% A
0.18% A, G
0.00%
1.31% A
(0.35%) B
0.96% A,B
JNL/American Funds International
1.35% A
0.20% A
0.19% A, G
0.00%
1.74% A
(0.55%) B
1.19% A,B
JNL/DFA U.S. Core Equity
0.58%
0.20%
0.10% F
0.00%
0.88%
(0.08%) C
0.80% C
JNL/Goldman Sachs Emerging Markets Debt
0.73%
0.20%
0.15% G
0.00%
1.08%
(0.00%) C
1.08% C
JNL/Invesco Small Cap Growth
0.81%
0.20%
0.10% F
0.01%
1.12%
(0.01%) C
1.11% C
JNL/Mellon Capital S&P 500 Index
0.23%
0.20%
0.12% F
0.00%
0.55%
(0.01%) C
0.54% C
JNL/T. Rowe Price Value
0.61%
0.20%
0.10% F
0.00%
0.91%
(0.00%) C
0.91% C
JNL/WMC Government Money Market
0.26%
0.20%
0.10% F
0.00%
0.56%
(0.00%) D
0.56% D
Jackson Variable Series Trust
JNL Tactical ETF Conservative
0.75%
0.20%
0.17% G
0.18%
1.30%
(0.45%) C
0.85% C
JNL Tactical ETF Moderate
0.75%
0.20%
0.17% G
0.17%
1.29%
(0.45%) C
0.84% C
JNL Tactical ETF Growth
0.75%
0.20%
0.17% G
0.17%
1.29%
(0.45%) C
0.84% C
JNL/American Funds® Growth
1.18% A
0.20% A
0.14% A,F
0.00%
1.52% A
(0.50%) B
1.02% A,B
JNL/American Funds® Global Growth
1.33% A
0.20% A
0.15% A,F
0.00%
1.68% A
(0.60%) B
1.08% A,B
JNL/AQR Risk Parity
0.85%
0.20%
0.17% G
0.08%
1.30%
(0.10%) C
1.20% C
JNL/PPM America Long Short Credit
0.95%
0.20%
0.18% G
0.02%
1.35%
(0.25%) C
1.10% C

Fund Operating Expenses

(As an annual percentage of each Fund's average daily net assets)

Fund Name
Management Fee
Distribution and/or
Service
 (12b-1) Fees
Other Expenses

Acquired Fund 
Fees and Expenses 
Total Annual Fund Operating Expenses
JNL Series Trust
JNL Alt 65
0.14%
0.00%
0.06% E
1.40%
1.60%
JNL/AB Dynamic Asset Allocation
0.75%
0.20%
0.15% G
0.11%
1.21%
JNL/American Funds Balanced Allocation
0.29%
0.20%
0.16% G
0.47%
1.12%
JNL/American Funds Growth Allocation
0.30%
0.20%
0.15% G
0.49%
1.14%
JNL/AQR Large Cap Relaxed Constraint Equity
0.79%
0.20%
0.85% G
0.01%
1.85% I
JNL/AQR Managed Futures Strategy
0.93%
0.20%
0.16% G
0.09%
1.38%
JNL/BlackRock Natural Resources
0.64%
0.20%
0.15% G
0.01%
1.00%
JNL/BlackRock Global Allocation
0.71%
0.20%
0.16% G
0.01%
1.08%
JNL/Boston Partners Global Long Short Equity
1.20%
0.20%
0.94% G
0.01%
2.35%
JNL/Brookfield Global Infrastructure and MLP
0.80%
0.20%
0.15% G
0.00%
1.15%
JNL/Crescent High Income
0.65%
0.20%
0.15% G
0.03%
1.03%
JNL/DFA Growth Allocation
0.30%
0.20%
0.15% G
0.29%
0.94%
JNL/DFA Moderate Allocation
0.30%
0.20%
0.15% G
0.26%
0.91%
JNL/DoubleLine® Emerging Markets Fixed Income
0.75%
0.20%
0.15% G
0.01%
1.11%
JNL/DoubleLine® Shiller Enhanced CAPE® 
0.74%
0.20%
0.15% G
0.02%
1.11%
JNL Multi-Manager Alternative
1.30%
0.20%
0.54% H
0.05%
2.09% I
JNL Multi-Manager Mid Cap
0.74%
0.20%
0.15% G
0.01%
1.10%

6


Fund Operating Expenses

(As an annual percentage of each Fund's average daily net assets)

Fund Name
Management Fee
Distribution and/or
Service
 (12b-1) Fees
Other Expenses

Acquired Fund 
Fees and Expenses 
Total Annual Fund Operating Expenses
JNL Multi-Manager Small Cap Growth
0.67%
0.20%
0.11% F
0.00%
0.98%
JNL/FPA + DoubleLine® Flexible Allocation
0.82%
0.20%
0.20% G
0.01%
1.23% I
JNL/Franklin Templeton Global Multisector Bond
0.68%
0.20%
0.15% G
0.02%
1.05%
JNL/Franklin Templeton Income
0.62%
0.20%
0.11% F
0.02%
0.95%
JNL/Franklin Templeton International Small Cap Growth
0.92%
0.20%
0.16% G
0.01%
1.29% I
JNL/Invesco China-India
0.90%
0.20%
0.17% G
0.00%
1.27%
JNL/Invesco Global Real Estate
0.70%
0.20%
0.15% G
0.00%
1.05%
JNL/Invesco International Growth
0.63%
0.20%
0.15% G
0.01%
0.99%
JNL Multi-Manager Small Cap Value
0.78%
0.20%
0.10% F
0.00%
1.08%
JNL/Harris Oakmark Global Equity
0.85%
0.20%
0.16% G
0.01%
1.22%
JNL/Causeway International Value Select
0.64%
0.20%
0.16% G
0.01%
1.01%
JNL/JPMorgan MidCap Growth
0.63%
0.20%
0.10% F
0.00%
0.93%
JNL/JPMorgan U.S. Government & Quality Bond
0.38%
0.20%
0.10% F
0.01%
0.69%
JNL/Lazard Emerging Markets
0.88%
0.20%
0.16% G
0.00%
1.24%
JNL/Mellon Capital Emerging Markets Index
0.38%
0.20%
0.18% G
0.00%
0.76%
JNL/Mellon Capital European 30
0.29%
0.20%
0.16% G
0.00%
0.65%
JNL/Mellon Capital MSCI KLD 400 Social Index
0.35%
0.20%
0.21% G
0.00%
0.76%
JNL/Mellon Capital Pacific Rim 30
0.31%
0.20%
0.15% G
0.00%
0.66%
JNL/Mellon Capital S&P 400 MidCap Index
0.24%
0.20%
0.13% F
0.00%
0.57%
JNL/Mellon Capital Small Cap Index
0.25%
0.20%
0.12% F
0.00%
0.57%
JNL/Mellon Capital International Index
0.25%
0.20%
0.18% G
0.00%
0.63%
JNL/Mellon Capital Bond Index
0.27%
0.20%
0.10% F
0.01%
0.58%
JNL/Mellon Capital Utilities Sector
0.33%
0.20%
0.16% G
0.00%
0.69%
JNL/Mellon Capital Index 5
0.00%
0.00%
0.05% E
0.58%
0.63%
JNL/Mellon Capital 10 x 10
0.00%
0.00%
0.05% E
0.61%
0.66%
JNL/MMRS Conservative
0.30%
0.00%
0.05% E
0.80%
1.15%
JNL/MMRS Growth
0.30%
0.00%
0.05% E
0.79%
1.14%
JNL/MMRS Moderate
0.30%
0.00%
0.05% E
0.80%
1.15%
JNL/Neuberger Berman Strategic Income
0.59%
0.20%
0.15% G
0.05%
0.99%
JNL/Oppenheimer Emerging Markets Innovator
1.10%
0.20%
0.17% G
0.02%
1.49%
JNL/PIMCO Real Return
0.49%
0.20%
0.36% F
0.00%
1.05%
JNL/PIMCO Total Return Bond
0.50%
0.20%
0.14% F
0.00%
0.84%
JNL/PPM America Floating Rate Income
0.61%
0.20%
0.17% G
0.01%
0.99% I
JNL/PPM America High Yield Bond
0.43%
0.20%
0.11% F
0.03%
0.77%
JNL/PPM America Mid Cap Value
0.75%
0.20%
0.10% F
0.00%
1.05%
JNL/PPM America Total Return
0.50%
0.20%
0.10% F
0.01%
0.81%
JNL/Red Rocks Listed Private Equity
0.82%
0.20%
0.15% G
0.88%
2.05%
JNL/Scout Unconstrained Bond
0.64%
0.20%
0.16% G
0.03%
1.03%
JNL/T. Rowe Price Established Growth
0.56%
0.20%
0.09% J
0.00%
0.85%
JNL/T. Rowe Price Short-Term Bond
0.40%
0.20%
0.11% F
0.00%
0.71%
JNL/Westchester Capital Event Driven
1.10%
0.20%
0.79% G
0.09%
2.18%
JNL/WMC Balanced
0.43%
0.20%
0.10% F
0.01%
0.74%
JNL Disciplined Moderate
0.10%
0.00%
0.05% E
0.84%
0.99%
JNL Disciplined Moderate Growth
0.09%
0.00%
0.06% E
0.84%
0.99%
JNL Disciplined Growth
0.11%
0.00%
0.05% E
0.82%
0.98%
JNL/S&P Competitive Advantage
0.36%
0.20%
0.10% F
0.00%
0.66%
JNL/S&P Dividend Income & Growth
0.36%
0.20%
0.09% J
0.00%
0.65%
JNL/S&P Intrinsic Value
0.36%
0.20%
0.10% F
0.00%
0.66%
JNL/S&P Total Yield
0.36%
0.20%
0.11% F
0.00%
0.67%

7


Fund Operating Expenses

(As an annual percentage of each Fund's average daily net assets)

Fund Name
Management Fee
Distribution and/or
Service
 (12b-1) Fees
Other Expenses

Acquired Fund 
Fees and Expenses 
Total Annual Fund Operating Expenses
JNL/S&P Mid 3
0.50%
0.20%
0.10% F
0.00%
0.80%
JNL/S&P International 5
0.45%
0.20%
0.15% G
0.00%
0.80%
JNL/S&P 4
0.00%
0.00%
0.05% E
0.66%
0.71%
JNL Variable Fund LLC
JNL/Mellon Capital DowSM Index
0.29%
0.20%
0.17% G
0.00%
0.66%
JNL/Mellon Capital Global 30
0.29%
0.20%
0.17% G
0.00%
0.66%
JNL/Mellon Capital Nasdaq® 100
0.28%
0.20%
0.20% G
0.00%
0.68%
JNL/Mellon Capital JNL 5
0.27%
0.20%
0.17% G
0.00%
0.64%
JNL/Mellon Capital S&P® SMid 60
0.29%
0.20%
0.17% G
0.00%
0.66%
JNL/Mellon Capital Communications Sector
0.31%
0.20%
0.17% G
0.00%
0.68%
JNL/Mellon Capital Consumer Brands Sector
0.28%
0.20%
0.17% G
0.00%
0.65%
JNL/Mellon Capital Financial Sector
0.29%
0.20%
0.16% G
0.00%
0.65%
JNL/Mellon Capital Healthcare Sector
0.27%
0.20%
0.17% G
0.00%
0.64%
JNL/Mellon Capital Oil & Gas Sector
0.28%
0.20%
0.16% G
0.00%
0.64%
JNL/Mellon Capital Technology Sector
0.28%
0.20%
0.16% G
0.00%
0.64%
Jackson Variable Series Trust
JNAM Guidance - Conservative
0.15%
0.00%
0.07% E
1.12%
1.34%
JNAM Guidance - Moderate
0.15%
0.00%
0.07% E
1.14%
1.36%
JNAM Guidance - Moderate Growth
0.13%
0.00%
0.07% E
1.16%
1.36%
JNAM Guidance - Growth
0.15%
0.00%
0.07% E
1.16%
1.38%
JNAM Guidance - Maximum Growth
0.15%
0.00%
0.07% E
1.09%
1.31%
JNAM Guidance - Alt 100
0.15%
0.00%
0.07% E
1.73%
1.95%
JNAM Guidance - Equity 100
0.15%
0.00%
0.07% E
1.06%
1.28%
JNAM Guidance - Fixed Income 100
0.15%
0.00%
0.07% E
0.91%
1.13%
JNAM Guidance - Real Assets
0.15%
0.00%
0.07% E
1.09%
1.31%
JNAM Guidance - Interest Rate Opportunities
0.15%
0.00%
0.07% E
1.27%
1.49%
JNL/BlackRock Global Long Short Credit
0.95%
0.20%
1.02% G
0.03%
2.20%
JNL/DFA U.S. Micro Cap
0.80%
0.20%
0.17% G
0.00%
1.17%
JNL/DoubleLine® Total Return
0.47%
0.20%
0.17% G
0.02%
0.86%
JNL/Eaton Vance Global Macro Absolute Return Advantage
0.95%
0.20%
0.26% G
0.01%
1.42%
JNL/Epoch Global Shareholder Yield
0.70%
0.20%
0.17% G
0.00%
1.07%
JNL/FAMCO Flex Core Covered Call
0.60%
0.20%
0.17% G
0.00%
0.97%
JNL/Lazard International Strategic Equity
0.80%
0.20%
0.17% G
0.01%
1.18%
JNL/Neuberger Berman Currency
0.70%
0.20%
0.17% G
0.01%
1.08%
JNL/Neuberger Berman Risk Balanced Commodity Strategy
0.60%
0.20%
0.19% G
0.01%
1.00%
JNL/Nicholas Convertible Arbitrage
0.85%
0.20%
0.45% G
0.01%
1.51%
JNL/PIMCO Credit Income
0.40%
0.20%
0.17% G
0.00%
0.77%
JNL/T. Rowe Price Capital Appreciation
0.70%
0.20%
0.17% G
0.00%
1.07%
JNL/The Boston Company Equity Income
0.55%
0.20%
0.17% G
0.00%
0.92%
JNL/The London Company Focused U.S. Equity
0.70%
0.20%
0.17% G
0.01%
1.08%
JNL/Van Eck International Gold
0.80%
0.20%
0.17% G
0.00%
1.17%
JNL/WCM Focused International Equity
0.80%
0.20%
0.17% G
0.01%
1.18%
A 
Fees and expenses at the Master Fund level for Class 1 shares of each respective Fund are as follows:

JNL/American Funds Growth-Income Fund: Management Fee: 0.27%; Distribution and/or Service (12b-1) Fee: 0%; Other Expenses: 0.02%; Total Annual Portfolio Operating Expenses: 0.29%.

JNL/American Funds International Fund: Management Fee: 0.50%; Distribution and/or Service (12b-1) Fee: 0%; Other Expenses: 0.04%; Total Annual Portfolio Operating Expenses: 0.54%.

8
JNL/American Funds Growth Fund: Management Fee: 0.33%; Distribution and/or Service (12b-1) Fee: 0%; Other Expenses: 0.02%; Total Annual Portfolio Operating Expenses: 0.35%.

JNL/American Funds Global Growth Fund: Management Fee: 0.53%; Distribution and/or Service (12b-1) Fee: 0%; Other Expenses: 0.03%; Total Annual Portfolio Operating Expenses: 0.56%.

B 
Jackson National Asset Management, LLC (“JNAM” or “Adviser”) has entered into a contractual agreement with the Fund under which it will waive a portion of its advisory fee for such time as the Fund is operated as a Feeder Fund, because during that time it will not be providing the portfolio management portion of the investment advisory and management services. This fee waiver will generally continue as long as the Fund is part of a master-feeder Fund structure, but in any event, the fee waiver will continue for at least one year from the date of this Prospectus, unless the Board of Trustees approves a change in or elimination of the waiver. This fee waiver is subject to yearly review and approval by the Board of Trustees. The Management and the Annual Operating Expense columns in this table reflect the inclusion of the contractual fee waivers.

C 
JNAM has entered into a contractual agreement with the Fund under which it will waive a portion of its advisory fee for at least one year from the date of this Prospectus. Thereafter, the waiver will automatically renew for one-year terms unless the Adviser provides written notice of the termination of the agreement to the Board of Trustees within 30 days of the end of the then current term.

D 
JNAM has contractually agreed to waive fees and reimburse expenses of the Fund to the extent necessary to limit the total operating expenses of each class of shares of the Fund, exclusive of brokerage costs, interest, taxes and dividend and extraordinary expenses, to an annual rate (as a percentage of the average daily net assets of the Fund) equal to or less than the Fund’s investment income for the period.  The fee waiver will continue for at least one year from the date of this Prospectus, unless the Board of Trustees approves a change in or elimination of the waiver. This fee waiver is subject to yearly review and approval by the Board of Trustees. 

E
“Other Expenses” include an Administrative Fee of 0.05% which is payable to JNAM.

F 
“Other Expenses” include an Administrative Fee of 0.10% which is payable to JNAM.

G 
“Other Expenses” include an Administrative Fee of 0.15% which is payable to JNAM.

H 
“Other Expenses” include an Administrative Fee of 0.20% which is payable to JNAM.

I
Expense Information has been restated to reflect current fees.

J  
“Other Expenses” include an Administrative Fee of 0.09% which is payable to JNAM.

EXAMPLE

The example below is intended to help you compare the cost of investing in the Contract with the cost of investing in other variable annuity contracts. These costs include Contract Owner transaction expenses, Contract fees, Separate Account annual expenses and Fund expenses, and optional endorsement charges.

(The Annual Contract Maintenance Charge is determined by dividing the total amount of such charges collected during the calendar year by the total market value of the Investment Divisions and the Fixed Account, if applicable.)

The example assumes that you invest $10,000 in the Contract for the time periods indicated. Neither transfer fees nor Premium tax charges are reflected in the example. The example also assumes that your investment has a 5% annual return on assets each year.

The following example includes maximum Fund expenses and the cost of the optional Liquidity Option in years in which a Contract with the Liquidity Option would incur more costs than a Contract without the Liquidity Option. Although your actual costs may be higher or lower, based on these assumptions, your costs would be:

If you surrender your Contract at the end of the applicable time period:
1 year
3 years
5 years
10 years
$1,017
$1,617
$2,188
$4,121


9

If you annuitize at the end of the applicable time period:
1 year *
3 years
5 years
10 years
$1,017
$1,189
$2,004
$4,121

*Please be aware that, although we show this cost for comparison purposes, you are not allowed to annuitize this Contract within 13 months of the Contract's Issue Date.

If you do not surrender your Contract:
1 year
3 years
5 years
10 years
$392
$1,189
$2,004
$4,121

The example does not represent past or future expenses. Your actual costs may be higher or lower.

CONDENSED FINANCIAL INFORMATION

The information about the values of all Accumulation Units constitutes the condensed financial information. Information about the values of the Accumulation Units for a base Contract (with Administration Charge waiver and no optional benefits) and for a Contract with the most expensive combination of charges and optional benefits can be found in Appendix C. Information about the values of all remaining Accumulation Units can be found in the Statement of Additional Information. The value of an Accumulation Unit is determined on the basis of the per share value of an underlying Fund less applicable Separate Account charges, including any optional benefit charges that are based on average daily Contract Value in the Investment Divisions and are deducted daily as part of the calculation of the values of the Accumulation Units. Information about the Separate Account charges and charges for optional benefits can be found in the “Periodic Expenses” tables above.

The financial statements of the Separate Account and Jackson of NY can be found in the Statement of Additional Information. The financial statements of the Separate Account include information about all the contracts offered through the Separate Account. The financial statements of Jackson of NY that are included should be considered only as bearing upon the company’s ability to meet its contractual obligations under the Contracts. Jackson of NY's financial statements do not bear on the future investment experience of the assets held in the Separate Account. For your copy of the Statement of Additional Information, please contact us at the Jackson of NY Service Center. Our contact information is on the cover page of this prospectus.

THE ANNUITY CONTRACT

Your Contract is a contract between you, the Owner, and us. Your Contract is intended to help facilitate your retirement savings on a tax-deferred basis, or other long-term investment purposes, and provides for a death benefit. Purchases under tax-qualified plans should be made for other than tax deferral reasons. Tax-qualified plans provide tax deferral that does not rely on the purchase of an annuity contract. We will not issue a Contract to someone older than age 85.

Your Contract Value may be allocated to

•
our Fixed Account, as may be made available by us, or as may be otherwise limited by us, and

•
Investment Divisions of the Separate Account that invest in underlying Funds.

Your Contract, like all deferred annuity contracts, has two phases:

•
the accumulation phase, when you make Premium payments to us, and

•
the income phase, when we make income payments to you.

As the Owner, you can exercise all the rights under your Contract. In general, joint Owners jointly exercise all the rights under the Contracts. In some cases, such as telephone and internet transactions, joint Owners may authorize each joint Owner to act individually. On jointly owned Contracts, correspondence and required documents will be sent to the address of record of the primary Owner.

You can assign your Contract at any time during your lifetime, but we will not be bound until we receive written notice of the assignment (there is an assignment form). We reserve the right to refuse an assignment, and an assignment may be a taxable event. Please contact our Jackson of NY Service Center for help and more information.

10


The Contracts are flexible Premium variable and fixed deferred annuities and may be issued as either an individual or a group contract. This prospectus provides a description of the material rights and obligations under the Contract. Your Contract and any endorsements are the formal contractual agreement between you and the Company.

JACKSON OF NY

We are a stock life insurance company organized under the laws of the state of New York in July 1995. Our legal domicile and principal business address is 2900 Westchester Avenue, Purchase, New York 10577. We are admitted to conduct life insurance and annuity business in the states of Delaware, New York and Michigan. We are ultimately a wholly owned subsidiary of Prudential plc (London, England). Prudential plc is also the ultimate parent of PPM America, Inc., a sub-adviser for certain of the Funds, and Jackson National Asset Management, LLC (“JNAM”), the investment adviser and administrator for Jackson Variable Series Trust, JNL Series Trust, and JNL Variable Fund LLC. JNAM provides certain administrative services with respect to the Separate Account, including separate account administration services and financial accounting services. JNAM is located at 225 West Wacker Drive, Chicago, IL 60606.

We issue and administer the Contracts and the Separate Account. We maintain records of the name, address, taxpayer identification number and other pertinent information for each Owner, the number and type of Contracts issued to each Owner and records with respect to the value of each Contract.

THE FIXED ACCOUNT

Contract Value allocated to the Fixed Account will be placed with other assets in our General Account. Unlike the Separate Account, the General Account is not segregated or insulated from the claims of the insurance company's creditors. Investors are looking to the financial strength of the insurance company for its obligations under the Contract. The Fixed Account is not registered with the SEC, and the SEC does not review the information we provide to you about it. Disclosures regarding the Fixed Account, however, may be subject to the general provisions of the federal securities laws relating to the accuracy and completeness of statements made in prospectuses. Both the availability of, and transfers into and out of, the Fixed Account (which consists of the Fixed Account Options) may be subject to contractual and administrative requirements. For more information, please see the application, check with the registered representative helping you to purchase the Contract, or contact us at our Jackson of NY Service Center.

The Fixed Account Options are not available on Contracts with the optional Liquidity Option.

Fixed Account Options. Each Fixed Account Option credits interest to your Contract Value in the Fixed Account for a specified period that you select, subject to availability (currently, five and seven year periods are available, but we also may make available one and three year periods), so long as the Contract Value in that Fixed Account Option is not withdrawn, transferred, or annuitized until the end of the specified period. We reserve the right, in our sole discretion, to limit or suspend availability of the Fixed Account Options. You may not elect any Fixed Account Option that extends beyond the Income Date, other than the one-year option except as described herein under “End of Fixed Account Option Periods”; and election of any option will not extend the Income Date. Rather, commencing on the Income Date, we will cease to credit interest under any Fixed Account Option that has not yet reached the end of its term.

Rates of Interest We Credit. These Contracts guarantee a Fixed Account minimum interest rate that applies to every Fixed Account Option under any Contract, regardless of the term of that option. The Fixed Account minimum interest rate guaranteed by the Contracts at least equals the minimum rate prescribed by the applicable state nonforfeiture law. In addition, we establish a declared rate of interest (“base interest rate”) at the time you allocate any Premium payment or other Contract Value to a Fixed Account Option, and that base interest rate will remain in effect for the entire term of the Fixed Account Option that you select for that allocation. To the extent that the base interest rate that we establish for any allocation is higher than the Fixed Account minimum interest rate, we will credit that allocation with the higher base interest rate. Thus, the declared base interest rate could be greater than the guaranteed Fixed Account minimum interest rate specified in your Contract, but will never cause you to be credited with less than the currently applicable Fixed Account minimum interest rate. Subject to the Fixed Account minimum interest rate, we may declare different base interest rates at different times, although any new base interest rate Jackson of NY declares for a Fixed Account Option will apply only to Premiums or other amounts allocated to that Fixed Account Option after the new rate goes into effect.

The Fixed Account minimum interest rate will be a rate, credited daily, that will be reset every January pursuant to a formula that is prescribed under applicable state nonforfeiture laws and that is set forth in the Contracts. Specifically, the Fixed Account minimum interest rate will be reset each January to equal the average of the daily five-year Constant Maturity Treasury Rates reported by the Federal Reserve for the preceding October (rounded to the nearest 1/20 of a percent), less 1.25%, provided further that the Fixed Account minimum interest rate will never be less than 1% or more than 3%. As noted above, these limits are prescribed by state

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nonforfeiture laws and set forth in the Contracts. This means that the Fixed Account minimum interest rate applicable to your Contract will in no case ever exceed a maximum of 3%. Your Contract’s initial Fixed Account minimum interest rate will be stated in your Contract, and will be the rate that is in effect on the Contract’s Issue Date pursuant to the foregoing formula. Thereafter, on the Contract Monthly Anniversary for each January, the Fixed Account minimum interest rate will be reset in accordance with the above formula. (The Contract Monthly Anniversary for any January is the Contract Monthly Anniversary that falls within that month). If you allocate a Premium payment or other Contract Value to a Fixed Account Option, the Fixed Account minimum interest rate in effect at the time of the allocation would initially apply to that allocation. Subsequent resets of the Fixed Account minimum interest rate on each January Contract Monthly Anniversary could change the amount of interest you would thereafter earn on that allocation. Thus, if the new Fixed Account minimum interest rate is higher than the rate previously being credited to your allocation to a Fixed Account Option, the interest rate being credited would increase to that new higher rate. On the other hand, if the new Fixed Account minimum interest rate is lower than the rate being credited to your allocation, the interest rate being credited would decrease to that lower rate, but never below the base interest rate, defined below. We will advise you of any new Fixed Account minimum interest rate in the fourth quarter report for the calendar year preceding the January Contract Monthly Anniversary on which the change occurs.

For the most current information about applicable interest rates, you may contact your registered representative or (at the address and phone number on the cover page of this prospectus) our Jackson of NY Service Center.

Interest Rate Adjustment. An Interest Rate Adjustment may apply to amounts withdrawn, or transferred from a Fixed Account Option prior to the end of the specified period. The Interest Rate Adjustment reflects changes in the level of interest rates since the beginning of the Fixed Account Option period. In order to determine whether there will be an Interest Rate Adjustment, we first consider the base interest rate of the Fixed Account Option from which you are taking an amount as a withdrawal or transfer. As discussed above under ‘Rates of Interest we Credit,’ the ‘base interest rate’ is a rate which we declare at the time you allocate any amount to a Fixed Account Option and which we credit to that Fixed Account Option if and when such base interest rate is higher than the Fixed Account minimum interest rate. The Interest Rate Adjustment is based on the relationship of the base interest rate on your Fixed Account Option to the ‘current new business interest rate,’ which is a rate that we use solely for purposes of calculating the amount of any Interest Rate Adjustment. The ‘current new business interest rate’ is .25% per annum greater than the base interest rate we are then offering on a new Fixed Account Option with the same duration as your Fixed Account Option. If we are not then offering that duration, we will estimate a base interest rate for that duration based on the closest durations that we are then offering.

Generally, the Interest Rate Adjustment will (a) increase the amount withdrawn, or transferred, when the current new business interest rate is lower than the base interest rate being credited for the Fixed Account Option from which the amount is being taken and will (b) decrease the amount withdrawn, or transferred, when the current new business interest rate is higher than the base interest rate for the Fixed Account Option from which the amount is being taken. There will be no Interest Rate Adjustment if these rates are the same. Any adjustment resulting from the Interest Rate Adjustment is applied to the amount that is being withdrawn, or transferred, from the Fixed Account Option. However, an Interest Rate Adjustment will not otherwise affect the values under your Contract.

Moreover, even if the current new business interest rate is greater than the base interest rate for the Fixed Account Option from which the amount is being taken, there will be no Interest Rate Adjustment if the difference between the two is less than 0.25%. This limitation avoids decreases in the amount withdrawn, or transferred, in situations where the general level of interest rates has declined but the current new business interest rate nevertheless exceeds the base interest rate for your Fixed Account Option because of the additional .25% that (as described above) is added when determining the current new business interest rate.

Also, there is no Interest Rate Adjustment on: amounts taken from the one-year Fixed Account Option; death benefit proceed payments; annuitizations; amounts withdrawn on the Latest Income Date (the Contract Anniversary on or next following your 95th birthday under a non-qualified Contract, or such earlier date as required by the applicable qualified plan, law, or regulation); amounts withdrawn for Contract charges; and free withdrawals. In no event will a total withdrawal, or transfer from the Fixed Account Options be less than the Fixed Account minimum value. The Fixed Account minimum value at least equals the minimum value prescribed by the applicable nonforfeiture law. The Fixed Amount minimum value for any Fixed Account Option is the amount that would result from (1) accumulating the following amounts at the Fixed Account minimum interest rate: (a) any Premium payments (net of any associated Premium taxes) or transfers that you allocate to that Fixed Account Option less (b) any withdrawals, transfers, or charges that are taken out of that Fixed Account Option; and (2) deducting any withdrawal charges, or charge for taxes due in connection with the withdrawal. In the case of a partial withdrawal or transfer from a Fixed Account Option, you will have been credited with interest on the amount withdrawn or transferred at a rate at least equal to the Fixed Account minimum interest rate, even if subject to an Interest Rate Adjustment that otherwise would have reduced it below that rate.

The following example illustrates how the Fixed Account minimum value may affect an Interest Rate Adjustment on a partial withdrawal. If you allocated your initial Premium of $10,000 to the Fixed Account and your declared rate of interest was 3%, after one year (assuming no other transactions or withdrawal charges) your Contract Value in the Fixed Account would be $10,300. If the Fixed Account minimum interest rate was 1%, your Fixed Account minimum value would be $10,100. In this case, an Interest Rate Adjustment could not reduce the withdrawal by more than $200 (the difference between your Contract Value in the Fixed Account and

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the Fixed Account minimum value). For example, if you request an $8,000 withdrawal and it is subject to a $200 negative Interest Rate Adjustment, the withdrawal would be adjusted to $7,800. However, if it were subject to a negative $400 Interest Rate Adjustment, the $8,000 withdrawal still would only be adjusted to $7,800, so that it does not invade the Fixed Account minimum value. Immediately after either of these withdrawals, there will be no difference between your Contract Value in the Fixed Account and Fixed Account minimum value, and no negative Interest Rate Adjustments will apply on subsequent withdrawals until the Contract Value in the Fixed Account again grows to be larger than the Fixed Account minimum value.

End of Fixed Account Option Periods. Whenever a specified period ends, you will have 30 days to transfer or withdraw the Contract Value in the Fixed Account Option, and there will not be an Interest Rate Adjustment, if otherwise applicable. (There is no Interest Rate Adjustment on amounts taken from the one-year Fixed Account Option at any time.) If you do nothing, then after 30 days, the Contract Value that remains in that Fixed Account Option will be subject to another specified period of the same duration, subject to availability, and provided that that specified period will not extend beyond the Income Date. If the specified period of the same duration that has ended is no longer available, we will use the shortest period that is then available. If such new Fixed Account Option would extend beyond the Income Date, we will use the longest available Fixed Account Option that does not extend beyond the Income Date; or (if no such period is available) we will credit interest at the current interest rate under the shortest available Fixed Account Option up to the Income Date.

Additional Information Concerning the One-Year Fixed Account Option. The one-year Fixed Account Option is not currently available. If we make it available in the future, the following provisions will apply. Transfer restrictions may be imposed limiting your ability to make transfers out of this option for at least three years, as further described below.
 
If you allocate Premiums to the one-year Fixed Account Option, we may require that the amount in the one-year Fixed Account Option be automatically transferred on a monthly basis in installments to your choice of Investment Division within 12 months of the date we received the Premium, so that at the end of the period, all amounts in the one-year Fixed Account Option will have been transferred. The amount will be determined based on the amount allocated to the one-year Fixed Account Option and the base interest rate. Charges, withdrawals and additional transfers taken from the one-year Fixed Account Option will shorten the length of time it takes to deplete the account balance. These automatic transfers will not count against the 15 free transfers in a Contract Year or any maximum on amounts transferable from the one-year Fixed Account Option that we may impose as described in numbered paragraphs 1-4 under “Transfers and Frequent Transfer Restrictions” later in this prospectus.

Interest will continue to be credited daily on the account balance remaining in the one-year Fixed Account Option as funds are automatically transferred into your choice of Investment Divisions. However, the effective yield over the 12-month automatic transfer period will be less than the base interest rate (or, if applicable, the Fixed Account minimum interest rate), as the applicable rate will be applied to a declining balance in the one-year Fixed Account Option.

Please also refer to “Transfers and Frequent Transfer Restrictions” beginning on page 38 for information about certain restrictions, limits and requirements that may apply (or may in the future apply) to transfers to or from the Fixed Account Options. In particular, we describe certain additional restrictions that may apply with respect to transfers from the one-year Fixed Account Option, including the possibility that you might not be able to transfer all of your Contract Value out of the one-year Fixed Account Option for at least three years. Please note, the interest rate that is in effect when these restrictions are imposed will only apply for the remainder of the one–year Fixed Account Option period, and the interest rates credited thereafter for the remainder of the period the restrictions are in effect may be lower or higher. Accordingly, before allocating any Premium payments or other Contract Value to the one year Fixed Account Option, you should consider carefully the conditions we may impose upon your use of that option.

The DCA+ Fixed Account Option, if available, offers a fixed interest rate that we guarantee for a period of up to one year in connection with dollar-cost-averaging transfers to one or more of the Investment Divisions or systematic transfers to other Fixed Account Options. From time to time, we will offer special interest rates on the DCA+ Fixed Account Option. DCA+ Fixed Account Option is only available for new Premiums. The DCA+ Fixed Account Option is not available if you select the Liquidity Option. We provide more information about Dollar Cost Averaging, including DCA+, under “Other Information” later in this prospectus.

THE SEPARATE ACCOUNT

We established the Separate Account on September 12, 1997, pursuant to the provisions of New York law. The Separate Account is a separate account under state insurance law and a unit investment trust under federal securities law and is registered as an investment company with the SEC.

We have claimed an exclusion from the definition of the term “Commodity Pool Operator” under the Commodity Exchange Act (CEA) with respect to the Separate Account. Therefore, we are not subject to registration or regulation as a Commodity Pool Operator under the CEA with respect to the Separate Account.

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The assets of the Separate Account legally belong to us and the obligations under the Contracts are our obligations. However, we are not allowed to use the Contract assets in the Separate Account to pay our liabilities arising out of any other business we may conduct. All of the income, gains and losses resulting from these assets (whether or not realized) are credited to or charged against the Contracts and not against any other Contracts we may issue.

The Separate Account is divided into Investment Divisions. We do not guarantee the investment performance of the Separate Account or any of its Investment Divisions.

INVESTMENT DIVISIONS

Your Contract Value may be allocated to no more than 99 Investment Divisions and Fixed Account Options at any one time. Each Investment Division purchases the shares of one underlying Fund (mutual fund portfolio) that has its own investment objective. The Investment Divisions are designed to offer the potential for a higher return than the Fixed Account Options. However, this is not guaranteed. It is possible for you to lose your Contract Value allocated to any of the Investment Divisions. If you allocate Contract Values to the Investment Divisions, the amounts you are able to accumulate in your Contract during the accumulation phase depend upon the performance of the Investment Divisions you select. The amount of the income payments you receive during the income phase also will depend, in part, on the performance of the Investment Divisions you choose for the income phase.

The following Funds in which the Investment Divisions invest may be known as a “Fund of Funds” or as Funds investing in other “Underlying Funds” or investing in ETFs. Funds offered in a multi-tiered structure may have higher expenses than direct investments in the Underlying Funds or ETFs. You should read the summary prospectuses for the Funds and/or the prospectuses for the JNL Series Trust and Jackson Variable Series Trust for more information.

JNL/American Funds Balanced Allocation Fund
JNL/American Funds Growth Allocation Fund
JNL Alt 65 Fund
JNL/DFA Growth Allocation Fund
JNL/DFA Moderate Allocation Fund
JNL/Mellon capital 10 x 10 Fund
JNL/Mellon Capital Index 5 Fund
JNL/MMRS Conservative Fund
JNL/MMRS Growth Fund
JNL/MMRS Moderate Fund
JNL/S&P 4 Fund
JNL Disciplined Moderate Fund
JNL Disciplined Moderate Growth Fund
JNL Disciplined Growth Fund
JNAM Guidance – Interest Rate Opportunities Fund
JNAM Guidance – Conservative Fund
JNAM Guidance – Moderate Fund
JNAM Guidance – Growth Fund
JNAM Guidance – Moderate Growth Fund
JNAM Guidance – Maximum Growth Fund
JNAM Guidance – Alt 100 Fund
JNAM Guidance – Equity 100 Fund
JNAM Guidance – Fixed Income 100 Fund
JNAM Guidance – Real Assets Fund
JNL Tactical ETF Conservative Fund
JNL Tactical ETF Moderate Fund
JNL Tactical ETF Growth Fund

In addition to the Fund of Funds structure, certain of the Funds operate as feeder funds that invest in master funds. These Funds are identified in the following descriptions by the designation (“Feeder Fund”) following the name of the Fund. For more information about a Feeder Fund, you should read the summary prospectuses for the Funds and/or the prospectus for the applicable Fund.

The names of the Funds that are available, along with the names of the advisers and sub-advisers and a brief statement of each investment objective, are below:


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JNL Series Trust
JNL/American Funds Growth-Income Fund (“Feeder Fund”)
Jackson National Asset Management, LLC, investment adviser to the Feeder Fund (and Capital Research and Management CompanySM, investment adviser to the Master Fund)
Seeks long-term growth of capital and income through exclusive investment in the Class 1 shares of the American Funds Insurance Series® – Growth-Income FundSM (“Master Fund”). The Master Fund seeks to make the investment grow and provide income by investing primarily in common stocks or other equity-type securities, such as preferred stocks, convertible preferred stocks and convertible bonds, that the investment adviser to the Master Fund believes demonstrate the potential for appreciation and/or dividends. The Master Fund may invest up to 15% of its assets, at the time of purchase, in securities of issuers domiciled outside the United States.
JNL/American Funds International Fund (“Feeder Fund”)
Jackson National Asset Management, LLC, investment adviser to the Feeder Fund (and Capital Research and Management CompanySM, investment adviser to the Master Fund)
Seeks long-term growth of capital through exclusive investment in the Class 1 shares of the American Funds Insurance Series® – International FundSM ( “Master Fund”). The Master Fund seeks to make the investment grow by investing primarily in common stocks of companies domiciled outside the United States, including companies domiciled in developing countries, that the investment adviser to the Master Fund believes have the potential for growth. Investors in the Master Fund should have a long-term perspective and, for example, be able to tolerate potentially sharp, short-term declines in value.
JNL Multi-Manager Alternative Fund
Jackson National Asset Management, LLC (and BlueBay Asset Management LLP (and sub-sub-adviser, BlueBay Asset Management USA LLC), First Pacific Advisors, Inc., Lazard Asset Management, LLC, Westchester Capital Management, LLC, Western Asset Management Company, Invesco Advisors, Inc., and Boston Partners Global Investors, Inc.)
Seeks long term growth of capital by allocating among a variety of alternative strategies managed by unaffiliated investment managers who may implement the following principal investment strategies: equity long/short strategies, event driven and merger arbitrage strategies, relative value strategies and global macro strategies.
JNL Multi-Manager Mid Cap Fund
Jackson National Asset Management, LLC (and Champlain Investment Partners, LLC, ClearBridge Investments, LLC, and Victory Capital Management, Inc.)
Seeks long-term total return by investing, under normal circumstances, at least 80% of its total net assets in a variety of mid-capitalization growth and value strategies managed by unaffiliated investment managers.
JNL Multi-Manager Small Cap Growth Fund
Jackson National Asset Management, LLC (and Chicago Equity Partners, LLC, Granahan Investment Management, Inc., LMCG Investments, LLC, and Victory Capital Management Inc.)
Seeks long-term capital appreciation by investing, under normal circumstances, at least 80% of its assets in a variety of small cap growth strategies managed by unaffiliated investment managers.
JNL Multi-Manager Small Cap Value Fund
Jackson National Asset Management, LLC (and Century Capital Management, LLC, Chicago Equity Partners, LLC, Cooke & Bieler L.P., and Cortina Asset Management, LLC)
Seeks long-term total return by investing, under normal market conditions, at least 80% of its assets in a variety of small cap value strategies managed by unaffiliated investment managers.
JNL Alt 65 Fund
Jackson National Asset Management, LLC
Seeks long-term growth of capital and income by investing in Class A shares of a diversified group of other funds (“Underlying Funds”) that invest primarily in equity and fixed-income securities. The Underlying Funds in which the Fund may invest are series of the JNL Series Trust, the JNL Variable Fund LLC, the JNL Investors Series Trust, and the Jackson Variable Series Trust. Not all funds of the JNL Series Trust, the JNL Variable Fund LLC, the JNL Investors Series Trust, and the Jackson Variable Series Trust are available as Underlying Funds. The Fund allocates approximately 35% of its assets to traditional investment categories and approximately 65% to non-traditional investment categories. Investments may include Underlying Funds that

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invest in both domestic and international stocks of large established companies, in stocks of smaller companies with above-average growth potential. As listed in the Fund prospectus, the Fund considers the Alternative Assets, Alternative Strategies, and Risk Management investment categories to be non-traditional, and the Domestic/Global Equity, Domestic/Global Fixed Income, International, International Fixed Income, Sector, Specialty, and Tactical Management investment categories to be traditional. Please see the Fund prospectus for more information.
JNL/American Funds ® Balanced Allocation Fund
Jackson National Asset Management, LLC
Seeks a balance between current income and growth of capital by investing in Class 1 shares of a diversified group of other Funds (“Underlying Funds”). The Underlying Funds in which the Fund may invest are a part of the American Funds Insurance Series ® (“AFIS”). Not all Funds of AFIS are available as Underlying Funds. Under normal circumstances, the Fund allocates approximately 50%-80% of its assets to Underlying Funds that invest primarily in equity securities and 20%-50% of its assets to Underlying Funds that invest primarily in fixed-income securities.
JNL/American Funds Growth Allocation Fund
Jackson National Asset Management, LLC
Seeks capital growth with a secondary emphasis on current income by investing in Class 1 shares of a diversified group of other Funds (“Underlying Funds”). The Underlying Funds in which the Fund may invest are a part of the American Funds Insurance Series ® (“AFIS”). Not all Funds of AFIS are available as Underlying Funds. Under normal circumstances, the Fund allocates approximately 70%-100% of its assets to Underlying Funds that invest primarily in equity securities and 0%-30% of its assets to Underlying Funds that invest primarily in fixed-income securities.
JNL/AB Dynamic Asset Allocation Fund
Jackson National Asset Management, LLC (and AllianceBernstein L.P.)
Seeks to maximize total return consistent with the determination of reasonable risk and subject to the assets strategy’s asset class. The Fund invests in a globally diversified portfolio of equity and debt securities including exchange-traded funds, and other financial instruments, and expects to enter into derivatives transactions. The Fund’s neutral weighting, from which it will make its tactical asset allocations, is 70% equity exposure and 30% debt exposure.
JNL/AQR Large Cap Relaxed Constraint Equity Fund (formerly, JNL/Goldman Sachs U.S. Equity Flex Fund)
Jackson National Asset Management, LLC (AQR Capital Management, LLC)
Seeks long-term capital appreciation by investing in a broad mix of equity securities that aims to produce long-term capital appreciate in excess of the Russell 1000 ® Index ("Index"). The Fund will invest at least 80% of its assets (net assets plus borrowings for investment purposes) in equity securities or equity related instruments of large-capitalization companies, which the sub-adviser generally considers to be those companies with market capitalizations within the range of the Index at the time of purchase.
JNL/AQR Managed Futures Strategy Fund
Jackson National Asset Management, LLC (and AQR Capital Management, LLC)
Seeks positive absolute returns by investing primarily in a portfolio of futures contracts, futures-related instruments, and equity swaps. Equity swaps include, but are not limited to, global developed and emerging market equity index futures, swaps on equity index futures and equity swaps, global developed and emerging market currency forwards, global developed fixed-income futures, bond futures and swaps on bond futures and may also invest in commodity futures and swaps on commodity futures.
JNL/BlackRock Global Allocation Fund
Jackson National Asset Management, LLC (and BlackRock Investment Management, LLC)
Seeks high total investment return by investing in a portfolio of equity and debt securities, money market securities and other short-term securities or instruments of issuers located around the world. Generally, the Fund will invest in both equity and debt securities and seeks diversification across markets, industries and issuers as one of its strategies to reduce volatility. Equity securities include common stock, rights and warrants, preferred stock, securities convertible into common stock, or securities or other instruments whose price is linked to the value of common stock.
JNL/BlackRock Natural Resources Fund
Jackson National Asset Management, LLC (and BlackRock Investment Management, LLC)
Seeks long-term capital growth by investing primarily in equity securities of companies with substantial natural resource assets. Under normal circumstances, the Fund will invest at least 80% of its assets in companies with substantial natural

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resource assets or in securities the value of which is related to the market value of some natural resource asset. The Fund may invest in securities of issuers with any market capitalization. There are no geographic limits on the Fund’s investments.
JNL/Boston Partners Global Long Short Equity Fund
Jackson National Asset Management, LLC (and Boston Partners Global Investors, Inc.)
Seeks long-term growth of capital by investing in stocks identified by the sub-adviser as undervalued and takes short positions in stocks that the sub-adviser has identified as overvalued. The Fund will invest, both long and short, primarily in equity securities issued by U.S. and non-U.S. companies of any market capitalization size.
JNL/Brookfield Global Infrastructure and MLP Fund
Jackson National Asset Management, LLC (and Brookfield Investment Management Inc.)
Seeks total return through growth of capital and current income by investing primarily in securities of publicly traded infrastructure companies. Under normal market conditions, the Fund will invest at least 80% of its net assets in MLPs and publicly traded equity securities of infrastructure companies listed on a domestic or foreign exchange. MLPs may derive income and gains from the exploration, development, mining or production, process, refining, transportation, or marketing of any mineral or natural resources.
JNL/Causeway International Value Select Fund
Jackson National Asset Management, LLC (and Causeway Capital Management LLC)
Seeks long-term growth of capital income and income by investing, under normal circumstances, in common stocks of companies located in developed countries outside the U.S. The Fund invests at least 80% of its assets in stocks of companies located in a number of foreign countries and invests the majority of its total assets in companies that pay dividends or repurchase their shares.
JNL/Crescent High Income Fund
Jackson National Asset Management, LLC (and Crescent Capital Group, LP)
Seeks high current income with capital appreciation by investing primarily in high yield fixed-income securities and bank loans that are rated below investment grade. The Fund considers investments to be below investment grade if they are rated BB+ or lower by Standard & Poor’s Ratings Services or Fitch, Inc. and/or Ba1 or lower by Moody’s Investors Service, Inc., or, if unrated, deemed to be below investment grade by the sub-adviser. Below investment grade fixed-income securities are commonly referred to as “junk bonds.”
JNL/DFA Growth Allocation Fund
Jackson National Asset Management, LLC
Seeks total return consisting of capital appreciation and current income by investing in shares of a diversified group of other Funds ("Underlying Funds"). The Underlying Funds in which the Fund may invest are part of DFA Investment Dimensions Group, Inc. and Dimensional Investment Group Inc. To achieve its investment objective, the Fund allocates its assets to Underlying Funds that invest in equity and fixed-income securities. Generally, the Fund invests its assets in domestic and international equity Underlying Funds and fixed-income Underlying Funds to achieve an allocation of approximately 60% to 100% (with a target allocation of approximately 80%) of the Fund’s assets to domestic and international equity Underlying Funds and 0% to 40% (with a target allocation of approximately 20%) of its assets to fixed-income Underlying Funds.
JNL/DFA Moderate Allocation Fund
Jackson National Asset Management, LLC
Seeks total return consisting of capital appreciation and current income by investing in shares of a diversified group of other Funds ("Underlying Funds"). The Underlying Funds in which the Fund may invest are part of DFA Investment Dimensions Group, Inc. and Dimensional Investment Group Inc. To achieve its investment objective, the Fund allocates its assets to Underlying Funds that invest in equity and fixed-income securities. Generally, the Fund invests its assets in domestic and international equity Underlying Funds and fixed-income Underlying Funds to achieve an allocation of approximately 40% to 80% (with a target allocation of approximately 60%) of the Fund’s assets to domestic and international equity Underlying Funds and 20% to 60% (with a target allocation of approximately 40%) of its assets to fixed-income Underlying Funds.
JNL/DFA U.S. Core Equity Fund
Jackson National Asset Management, LLC (and Dimensional Fund Advisors LP)
Seeks long-term capital appreciation by investing, under normal market conditions, at least 80% of its assets in equity securities of U.S. companies. The percentage allocation of the assets of the Fund to securities of the largest U.S. growth

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companies will generally be reduced from between 2.5% and 25% of their percentage weight in the U.S. universe. The percentage by which the Fund’s allocation to securities of the largest U.S. growth companies is reduced will change due to market movements.
JNL/DoubleLine® Emerging Markets Fixed Income Fund
Jackson National Asset Management, LLC (and DoubleLine Capital LP)
Seeks high total return from current income and capital appreciation by investing, under normal circumstances, at least 80% of its net assets (plus the amount of borrowings for investment purposes) in fixed-income instruments. These fixed-income instruments include but are not limited to securities issued or guaranteed by companies (including foreign hybrid securities), financial institutions and government entities in emerging market countries and other securities bearing fixed or variable interest rates of any or no maturity.
JNL/DoubleLine® Shiller Enhanced CAPE® Fund
Jackson National Asset Management, LLC (and DoubleLine Capital LP)
Seeks total return (capital appreciation and current income) which exceeds the total return (capital appreciation and current income) in excess of the Shiller Barclays CAPE® US Sector TR USD Index. The Fund will seek to use derivatives, or a combination of derivatives and direct investments to provide a return that tracks closely the performance of the Index. The Fund will also invest in a portfolio of debt securities to provide additional long-term total return.
JNL/FPA + DoubleLine® Flexible Allocation Fund
Jackson National Asset Management, LLC (DoubleLine Capital LP, First Pacific Advisors, LLC and Ivy Investment Management Company)
Seeks to provide total return by allocating among a variety of alternative strategies managed by three unaffiliated sub-advisers. Each of the sub-advisers generally provides day-to-day management for a portion of the Fund’s assets.
JNL/Franklin Templeton Global Multisector Bond Fund
Jackson National Asset Management, LLC (and Franklin Advisers, Inc.)
Seeks total investment return consisting of a combination of interest income, capital appreciation, and currency gains. Under normal market conditions the Fund will invest at least 80% of its assets in fixed and floating rate debt securities and debt obligations (including convertible bonds) of governments, government-related issuers, or corporate issuers worldwide. The Fund may also invest in inflation-indexed securities and securities or structured products that are linked to or derive their value from another security, asset or currency of any nation. The Fund's assets will be invested in issuers located in at least three countries (including the U.S.).
JNL/Franklin Templeton Income Fund
Jackson National Asset Management, LLC (and Franklin Advisers, Inc.)
Seeks to maximize income while maintaining prospects for capital appreciation by investing, under normal market conditions, in a diversified portfolio of debt and equity securities. The equity securities in which the Fund invests consist primarily of common stock. The Fund seeks income by selecting investments such as corporate, foreign and U.S. Treasury bonds, as well as stocks with attractive dividend yields.
JNL/Franklin Templeton International Small Cap Growth Fund
Jackson National Asset Management, LLC (and Franklin Templeton Institutional, LLC and Templeton Investment Counsel, LLC)
Seeks long-term capital appreciation by investing, under normal market conditions, at least 80% of its assets in a diversified portfolio of investments of smaller international companies, located outside of the U.S., including those of emerging or developing markets. The Fund invests predominately in securities listed or traded on recognized international markets in developed countries included in MSCI EAFE Small Cap Index and All Country World exUS Small Cap Index. The Fund may, from time to time, have significant investments in a particular sector or country.
JNL/Goldman Sachs Emerging Markets Debt Fund
Jackson National Asset Management, LLC (and Goldman Sachs Asset Management, L.P. and sub-sub-adviser: Goldman Sachs Asset Management International)
Seeks a high level of total return consisting of income and capital appreciation. The Fund invests, under normal circumstances, at least 80% of its assets in (i) sovereign and corporate debt securities and other instruments of issuers in emerging countries, denominated in any currency; and/or (ii) currencies of such emerging countries, which may be represented by forwards or other derivatives that may have interest rate exposure. Emerging market countries include but are not limited to those considered to

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be developing by the World Bank. Many of the countries in which the Fund invests will have sovereign ratings that are below investment grade or are unrated.
JNL/Harris Oakmark Global Equity Fund
Jackson National Asset Management, LLC (and Harris Associates L.P.)
Seeks capital appreciation by investing, normally, at least 80% of its assets in a diversified portfolio of common stocks of U.S. and non-U.S. companies. The Fund invests in the securities of companies located in at least three countries.
JNL/Invesco China-India Fund
Jackson National Asset Management, LLC (and Invesco Hong Kong Limited)
Seeks long-term capital growth by investing normally 80% of its assets (net assets plus the amount of any borrowings for investment purposes), in equity and equity-related securities (such as depositary receipts, convertible bonds and warrants) of corporations, which are incorporated in, or listed in, or have their area of primary activity in the Greater China region (including mainland China, Hong Kong, Macau and Taiwan) and India.
JNL/Invesco Global Real Estate Fund
Jackson National Asset Management, LLC (and Invesco Advisers, Inc. and sub-sub-adviser: Invesco Asset Management Limited)
Seeks high total return by investing, normally, at least 80% of its assets in securities of real estate and real estate-related companies, including real estate investment trusts and in derivatives and other instruments that have economic characteristics similar to such securities. The companies will be located in at least three different countries, including the U.S.
JNL/Invesco International Growth Fund
Jackson National Asset Management, LLC (and Invesco Advisers, Inc.)
Seeks long-term growth of capital by primarily investing in equity securities and depository receipts of foreign issuers. The Fund focuses its investments in common and preferred stock and invests, under normal circumstances in securities of companies located in at least three countries outside of the U.S. The Fund may also invest no more than 30% in emerging markets securities.
JNL/Invesco Small Cap Growth Fund
Jackson National Asset Management, LLC (and Invesco Advisers, Inc.)
Seeks long-term growth of capital by investing, normally, at least 80% of its assets in equity securities of small-capitalization companies. The Fund considers a company to be a small-capitalization company if it has a market capitalization, at the time of purchase, no larger than the largest capitalized company included in the Russell 2000® Index during the most recent 11-month period (based on month-end data) plus the most recent data during the current month. The Fund may also invest up to 20% of its assets in equity securities of issuers that have market capitalizations, at the time of purchase, in other market capitalization ranges, and in investment-grade non-convertible debt securities, U.S. government securities and high quality money market instruments. The Fund may also invest up to 25% of its total assets in foreign securities.
JNL/JPMorgan MidCap Growth Fund
Jackson National Asset Management, LLC (and J.P. Morgan Investment Management Inc.)
Seeks capital growth over the long-term by investing, under normal market circumstances, at least 80% of its assets in a broad portfolio of common stocks of companies with market capitalizations equal to those within the universe of Russell Midcap Growth Index stocks at the time of purchase. Market capitalization is the total market value of a company’s shares. The Fund may also invest up to 20% of its total assets in all types of foreign securities.
JNL/JPMorgan U.S. Government & Quality Bond Fund
Jackson National Asset Management, LLC (and J.P. Morgan Investment Management Inc.)
Seeks to obtain a high level of current income by investing, under normal circumstances, at least 80% of its assets in U.S. Treasury securities, obligations issued by agencies or instrumentalities of the U.S. government (which may not be backed by the U.S. government) and mortgage-backed securities, that are supported either by the full faith and credit of the U.S. government or their own credit, collateralized mortgage obligations issued by private issuers, and repurchase agreements related to the principal investments. The Fund may also invest in high-quality corporate debt securities.
JNL/Lazard Emerging Markets Fund
Jackson National Asset Management, LLC (and Lazard Asset Management LLC)
Seeks long-term capital appreciation by investing, under normal circumstances, at least 80% of its assets in equity securities of companies whose principal business activities are located in emerging market countries. The Fund may engage, to a limited

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extent, in various investment techniques, such as foreign currency transactions and the use of derivative instruments to gain exposure to foreign currencies and emerging securities, and to hedge the Fund’s investments.
JNL/Mellon Capital 10 x 10 Fund
Jackson National Asset Management, LLC
Seeks capital appreciation and income by investing in Class A shares of the following Underlying Funds:
Ø
50% in the JNL/Mellon Capital JNL 5 Fund;
Ø
10% in the JNL/Mellon Capital S&P 500 Index Fund;
Ø
10% in the JNL/Mellon Capital S&P 400 MidCap Index Fund;
Ø
10% in the JNL/Mellon Capital Small Cap Index Fund;
Ø
10% in the JNL/Mellon Capital International Index Fund; and
Ø
10% in the JNL/Mellon Capital Bond Index Fund.
JNL/Mellon Capital Index 5 Fund
Jackson National Asset Management, LLC
Seeks capital appreciation by investing in Class A shares of the following Underlying Funds:
Ø
20% in the JNL/Mellon Capital S&P 500 Index Fund;
Ø
20% in the JNL/Mellon Capital S&P 400 MidCap Index Fund;
Ø
20% in the JNL/Mellon Capital Small Cap Index Fund;
Ø
20% in the JNL/Mellon Capital International Index Fund; and
Ø
20% in the JNL/Mellon Capital Bond Index Fund.
JNL/Mellon Capital Emerging Markets Index Fund
Jackson National Asset Management, LLC (and Mellon Capital Management Corporation)
Seeks to track the performance of a benchmark index that measures the investment return of stocks issued by companies located in emerging market countries. The Fund invests, under normal circumstances, at least 80% of its assets in stocks included in the MSCI Emerging Markets Index (“Index”), including depositary receipts representing securities of the Index.  The Fund attempts to replicate the Index by investing all or substantially all of its assets in the securities that comprise the Index.
JNL/Mellon Capital European 30 Fund
Jackson National Asset Management, LLC (and Mellon Capital Management Corporation)
Seeks to provide capital appreciation by investing at least 80% of its assets in the stock of 30 companies selected from the MSCI Europe Index.
JNL/Mellon Capital Pacific Rim 30 Fund
Jackson National Asset Management, LLC (and Mellon Capital Management Corporation)
Seeks to provide capital appreciation by investing under normal circumstances at least 80% of its assets in the stock of 30 companies selected from the MSCI Pacific Index.
JNL/Mellon Capital MSCI KLD 400 Social Index Fund
Jackson National Asset Management, LLC (and Mellon Capital Management Corporation)
Seeks to track the investment results of the MSCI KLD 400 Social Index, which is a free float-adjusted market capitalization index designed to target U.S. companies that have positive environmental, social and governance characteristics.
JNL/Mellon Capital S&P 500 Index Fund
Jackson National Asset Management, LLC (and Mellon Capital Management Corporation)
Seeks to match the performance of the S&P 500® Index. The Fund seeks to invest under normal circumstances at least 80% of its assets in the stocks in the S&P 500 Index in proportion to their market capitalization weighting in the S&P 500 Index in order to provide long-term capital growth.

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JNL/Mellon Capital S&P 400 MidCap Index Fund
Jackson National Asset Management, LLC (and Mellon Capital Management Corporation)
Seeks to match the performance of the S&P MidCap 400 Index. The Fund invests in equity securities of medium capitalization-weighted domestic corporations. Under normal circumstances the Fund invests at least 80% of its assets in the stocks in the S&P MidCap 400 Index in proportion to their market capitalization weighting in the S&P MidCap 400 Index in order to provide long-term capital growth.
JNL/Mellon Capital Small Cap Index Fund
Jackson National Asset Management, LLC (and Mellon Capital Management Corporation)
Seeks to match the performance of the S&P SmallCap 600 Index and provide long-term growth of capital by investing in equity securities of small- to mid-size domestic companies. The Fund, under normal circumstances, invests at least 80% of its assets in the stocks included in the S&P SmallCap 600 Index in proportion to their market capitalization weighting in the Index.
JNL/Mellon Capital International Index Fund
Jackson National Asset Management, LLC (and Mellon Capital Management Corporation)
Seeks to match the performance of the MSCI Europe Australia Far East (“MSCI EAFE”) Index. The Fund invests in international equity securities attempting to match the characteristics of each country within the index. Under normal circumstances the Fund invests at least 80% of its assets in the stocks included in the MCSI EAFE Index or derivative securities economically related to the MSCI EAFE Index in order to provide long-term capital growth.
JNL/Mellon Capital Bond Index Fund
Jackson National Asset Management, LLC (and Mellon Capital Management Corporation)
Seeks to match the performance of the Bloomberg Barclays U.S. Aggregate Bond Index by investing under normal circumstances at least 80% of its assets in fixed-income securities. The Fund seeks to provide a moderate rate of income by investing in domestic fixed-income investments.
JNL/Mellon Capital Utilities Sector Fund
Jackson National Asset Management, LLC (and Mellon Capital Management Corporation)
Seeks total return through capital appreciation and dividend income by investing, under normal circumstances at least 80% of its assets in the stocks in the MSCI USA IMI Utilities Index in proportion to their market capitalization weighting in the MSCI USA IMI Utilities Index.
JNL/MMRS Conservative Fund
Jackson National Asset Management, LLC (and Milliman Financial Risk Management LLC)
Seeks growth of capital while also seeking to manage volatility and provide downside protection by investment in other funds. The Fund invests in Class A shares of a diversified group of Funds (“Underlying Funds”). The Underlying Funds in which the Fund may invest are part of the JNL Series Trust, the JNL Variable Fund LLC, the JNL Investors Series Trust, and Jackson Variable Series Trust. Under normal circumstances the Fund allocates approximately 50% to 100% of its assets in Underlying Funds that invest primarily in fixed-income securities and up to 50% of its assets in Underlying Funds that invest primarily in equity securities.
JNL/MMRS Growth Fund
Jackson National Asset Management, LLC (and Milliman Financial Risk Management LLC)
Seeks growth of capital while also seeking to manage volatility and provide downside protection by investment in other funds. The Fund invests in Class A shares of a diversified group of Funds (“Underlying Funds”). The Underlying Funds in which the Fund may invest are part of the JNL Series Trust, the JNL Variable Fund LLC, the JNL Investors Series Trust, and Jackson Variable Series Trust. Under normal circumstances the Fund allocates approximately 10% to 90% of its assets in Underlying Funds that invest primarily in fixed-income securities and 10% to 90% of its assets in Underlying Funds that invest primarily in equity securities.
JNL/MMRS Moderate Fund
Jackson National Asset Management, LLC (and Milliman Financial Risk Management LLC)
Seeks growth of capital while also seeking to manage volatility and provide downside protection by investment in other funds. The Fund invests in Class A shares of a diversified group of Funds (“Underlying Funds”). The Underlying Funds in which the

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Fund may invest are part of the JNL Series Trust, the JNL Variable Fund LLC, the JNL Investors Series Trust, and Jackson Variable Series Trust. Under normal circumstances the Fund allocates approximately 25% to 100% of its assets in Underlying Funds that invest primarily in fixed-income securities and up to 75% of its assets in Underlying Funds that invest primarily in equity securities.
JNL/Neuberger Berman Strategic Income Fund
Jackson National Asset Management, LLC (and Neuberger Berman Investment Advisers LLC)
Seeks high current income with long-term capital appreciation as its secondary objective by investing primarily in a diversified mix of fixed rate and floating rate debt securities. The Fund’s investments may include securities issued by domestic and foreign governments, corporate entities, and trust structures. The Fund may invest in a broad array of securities, including: securities issued or guaranteed as to principal or interest by the U.S. government or any of its agencies or instrumentalities; corporate bonds; commercial paper; currencies and non-U.S. securities; mortgage-backed securities and other asset-backed securities; and loans.
JNL/Oppenheimer Emerging Markets Innovator Fund
Jackson National Asset Management, LLC (and OppenheimerFunds, Inc.)
Seeks capital appreciation by investing in equity securities of issuers in emerging markets and developing markets through the world. Under normal circumstances, the Fund will invest at least 80% of its assets in equity securities of issuers that are economically tied to an emerging market country.
JNL/PIMCO Real Return Fund
Jackson National Asset Management, LLC (and Pacific Investment Management Company LLC)
Seeks maximum real return, consistent with preservation of real capital and prudent investment management. The Fund invests, under normal circumstances, at least 80% of its assets in inflation-indexed bonds of varying maturities issued by the U.S. and non-U.S. governments, their agencies or instrumentalities, and corporations. Assets not invested in inflation-indexed bonds may be invested in other types of Fixed Income Instruments, which include bonds, debt securities, and other similar instruments issued by various U.S. and non-U.S. public- or private-sector entities.
JNL/PIMCO Total Return Bond Fund
Jackson National Asset Management, LLC (and Pacific Investment Management Company LLC)
Seeks to realize maximum total return, consistent with the preservation of capital and prudent investment management. The Fund invests, under normal circumstances, at least 80% of its assets in a diversified portfolio of fixed-income instruments of varying maturities, which may be represented by forwards or derivatives such as options, futures contracts, or swap agreements.
JNL/PPM America Floating Rate Income Fund
Jackson National Asset Management, LLC (and PPM America, Inc.)
Seeks to provide a high level of current income by investing, under normal circumstances, at least 80% of its net assets in floating rate loans and other floating rate investments, defined as floating rate loans, floating rate notes, other floating rate debt securities, structured products, money market securities of all types, repurchase agreements, shares of money market funds, short-term bond funds and floating rate funds.
JNL/PPM America High Yield Bond Fund
Jackson National Asset Management, LLC (and PPM America, Inc.)
Seeks to maximize current income, with capital appreciation as a secondary objective, by investing, under normal circumstances, at least 80% of its assets in high-yield, high-risk debt securities, commonly referred to as “junk bonds” and related investments. The Fund may also invest in securities of foreign issuers. To the extent that the Fund invests in emerging market debt, this will be considered as an investment in a high-yield security for purposes of the 80% investment minimum requirement.
JNL/PPM America Mid Cap Value Fund
Jackson National Asset Management, LLC (and PPM America, Inc.)
Seeks long-term growth of capital by investing, primarily, at least 80% of its assets in a diversified portfolio of equity securities of U.S. companies with market capitalizations within the range of companies constituting the Russell Midcap Index (“Index”) under normal market conditions at the time of the initial purchase. The market capitalization range of the Index will vary with market conditions over time. If the market capitalization of a company held by the Fund moves outside the then-current Index range, the Fund may, but is not required to, sell such company's securities.

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JNL/PPM America Total Return Fund
Jackson National Asset Management, LLC (and PPM America, Inc.)
Seeks to realize maximum total return, consistent with the preservation of capital and prudent investment management. Under normal circumstances, the Fund invests at least 80% of its assets in a diversified portfolio of fixed-income investments of U.S. and foreign issuers such as government, corporate, mortgage- and other asset-backed securities and cash equivalents. The Fund may also invest in derivative instruments.
JNL/Red Rocks Listed Private Equity Fund
Jackson National Asset Management, LLC (and Red Rocks Capital LLC)
Seeks maximum total return by investing at least 80% of its assets in (i) securities of U.S. and non-U.S. companies listed on a national securities exchange, or foreign equivalent, that have a significant portion of their assets invested in or exposed to private companies or have as its stated intention to have a significant portion of its assets invested in or exposed to private companies (“Listed Private Equity Companies”), and (ii) derivatives or other instruments (such as exchange traded funds) that otherwise have the economic characteristics of Listed Private Equity Companies.
JNL/Scout Unconstrained Bond Fund
Jackson National Asset Management, LLC (and Scout Investments, Inc.)
Seeks to maximize total return consistent with the preservation of capital. The Fund invests at least 80% of its assets, determined at the time of purchase, in fixed-income instruments. In certain market conditions, the Fund may pursue its investment objective by investing a significant portion of its assets in cash or short-term debt obligations.
JNL/T. Rowe Price Established Growth Fund
Jackson National Asset Management, LLC (and T. Rowe Price Associates, Inc.)
Seeks long-term growth of capital by investing generally in common stocks of large-capitalization companies. The sub-adviser generally seeks investments in stocks of large-capitalization companies, which the Sub-Adviser defines as a company whose market capitalization is larger than the median market capitalization of companies in the Russell 1000 Growth Index, and that has one or more of the following characteristics: strong cash flow and an above-average rate of earnings growth; the ability to sustain earnings momentum during economic downturns; and occupation of a lucrative niche in the economy and the ability to expand even during times of slow economic growth. While the Fund invests principally in U.S. common stocks, other securities may also be purchased, including foreign stocks, futures and options.
JNL/T. Rowe Price Short-Term Bond Fund
Jackson National Asset Management, LLC (and T. Rowe Price Associates, Inc.)
Seeks a high level of income consistent with minimal fluctuation in principal value and liquidity by investing in a diversified portfolio of short- and intermediate-term investment-grade corporate, government, and mortgage-backed securities. The Fund may also invest in money market securities, bank obligations, collateralized mortgage obligations, and foreign securities, including securities in emerging markets. Normally, the Fund will invest at least 80% of its net assets in bonds. The Fund will only purchase securities that are rated within one of the four highest credit categories (e.g. AAA, AA, A, BBB, or equivalent) at the time of purchase by at least one major credit rating agency or, if unrated, deemed to be of comparable quality by the sub-adviser.
JNL/T. Rowe Price Value Fund
Jackson National Asset Management, LLC (and T. Rowe Price Associates, Inc.)
Seeks long-term capital appreciation by investing, via a value approach investment selection process, at least 65% of total assets in common stocks believed to be undervalued. Stock holdings are expected to consist primarily of large-company stocks, but may also include mid-cap and small-cap companies. The Fund may invest up to 25% of its total assets (excluding reserves) in foreign securities, including securities that are economically tied to emerging markets. Income is a secondary objective.
JNL/Westchester Capital Event Driven Fund
Jackson National Asset Management, LLC (and Westchester Capital Management, LLC)
Seeks to provide attractive risk-adjusted returns with low relative volatility in virtually all market environments. The Fund employs investment strategies designed to capture price movements generated by specific events including, but not limited to, securities of companies involved in mergers, acquisitions, asset sales or other divestitures, restructurings, refinancings, recapitalizations, reorganizations or other special situations.

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JNL/WMC Balanced Fund
Jackson National Asset Management, LLC (and Wellington Management Company LLP)
Seeks reasonable income and long-term capital growth by investing primarily in a diversified portfolio of common stocks and investment grade fixed-income securities. The Fund may invest in any type or class of security. The anticipated mix of the Fund’s holdings is typically 60-70% of its assets in equities and 30-40% in fixed-income securities, including investment-grade corporate bonds, U.S. Treasury and government agency bonds, mortgage-backed securities, asset-backed securities, and commercial-backed securities. Cash and cash equivalents are included in the fixed income fund weighting.
JNL/WMC Government Money Market Fund (formerly, JNL/WMC Money Market Fund)
Jackson National Asset Management, LLC (and Wellington Management Company LLP)
Seeks to achieve as high a level of current income as is consistent with the preservation of capital and maintenance of liquidity by investing in, under normal circumstances, at least 99.5% of its total assets in cash, U.S. Government securities, and/or repurchase agreements that are "collateralized fully" (i.e., collateralized by cash or government securities).
JNL/S&P Competitive Advantage Fund
Jackson National Asset Management, LLC (and Standard & Poor's Investment Advisory Services LLC and Mellon Capital Management Corporation)
Seeks capital appreciation by investing in the stock of anywhere from 30 to 90 distinct companies (generally ranging from 35 to 50 distinct companies) included in the S&P 500® Index that are believed to have superior profitability, as measured by return on invested capital, and trade at relatively attractive valuations.
JNL/S&P Dividend Income & Growth Fund
Jackson National Asset Management, LLC (and Standard & Poor's Investment Advisory Services LLC and Mellon Capital Management Corporation)
Seeks primarily capital appreciation with secondary focus on current income by investing in the stock of 33 to 99 distinct companies (generally ranging from 35 to 50 distinct companies) included in the S&P 500® Index that have attractive dividend yields and strong capital structures as determined by Standard & Poor’s Investment Advisory Services LLC.
JNL/S&P International 5 Fund
Jackson National Asset Management, LLC (and Standard & Poor’s Investment Advisory Services LLC and Mellon Capital Management Corporation)
Seeks capital appreciation by investing in the common stock of foreign companies that are identified by a model strategy comprised of five underlying strategies. The Fund allocates all of its net assets in the following strategies:
Ø
S&P Asia Pac Ex Japan Strategy
Ø
S&P Canada Strategy
Ø
S&P Europe Strategy
Ø
S&P Japan Strategy
Ø
S&P Middle East Strategy
JNL/S&P Intrinsic Value Fund
Jackson National Asset Management, LLC (and Standard & Poor's Investment Advisory Services LLC and Mellon Capital Management Corporation)
Seeks capital appreciation by investing in the stock of 30 to 90 distinct companies (generally ranging from 45 to 60 distinct companies) included in the S&P 500® Index that generate strong free cash flows and sell at relatively attractive valuations.
JNL/S&P Total Yield Fund
Jackson National Asset Management, LLC (and Standard & Poor's Investment Advisory Services LLC and Mellon Capital Management Corporation)
Seeks capital appreciation by investing in the stock of 30 to 90 distinct companies (generally ranging from 40 to 65 distinct companies) included in the S&P 500® Index that generate positive cash flow and have a strong track record, as determined by Standard & Poor’s Investment Advisory Services LLC of returning cash to investors, such as through dividends, share repurchases or debt retirement.

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JNL/S&P 4 Fund
Jackson National Asset Management, LLC
Seeks capital appreciation by making initial allocations (25%) of its assets and cash flows to the following four Underlying Funds (Class A) on a specific date each year:
Ø
25% in JNL/S&P Competitive Advantage Fund;
Ø
25% in JNL/S&P Dividend Income & Growth Fund;
Ø
25% in JNL/S&P Intrinsic Value Fund; and
Ø
25% in JNL/S&P Total Yield Fund.
JNL/S&P Mid 3 Fund
Jackson National Asset Management, LLC (and Standard & Poor's Investment Advisory Services LLC and Mellon Capital Management Corporation)
Seeks capital appreciation by investing in common stocks of companies that are identified by a model based on three separate investment strategies. Under normal circumstances, the Fund invests approximately 1/3 of its net assets in the following strategies:
Ø
MID Competitive Advantage Strategy;
Ø
MID Intrinsic Value Strategy; and
Ø
MID Total Equity Yield Strategy.
JNL Disciplined Moderate Fund
Jackson National Asset Management, LLC
Seeks capital growth, and secondarily, current income by investing in Class A shares of a diversified group of other Funds (“Underlying Funds”), which are part of the JNL Series Trust, the JNL Variable Fund LLC, the JNL Investors Series Trust and the Jackson Variable Series Trust.
Under normal circumstances, the Fund allocates approximately 40%-80% of its assets to Underlying Funds that invest primarily in equity securities, 20%-60% to Underlying Funds that invest primarily in fixed-income securities and 0%-20% of its assets to Underlying Funds that invest primarily in money market securities.
JNL Disciplined Moderate Growth Fund
Jackson National Asset Management, LLC
Seeks capital growth and current income by investing in Class A shares of a diversified group of other Funds (“Underlying Funds”), which are part of the JNL Series Trust, the JNL Variable Fund LLC, the JNL Investors Series Trust and the Jackson Variable Series Trust.
Under normal circumstances, the Fund allocates approximately 60%-90% of its assets to Underlying Funds that invest primarily in equity securities, 10%-40% to Underlying Funds that invest primarily in fixed-income securities and 0%-20% of its assets to Underlying Funds that invest primarily in money market securities.
JNL Disciplined Growth Fund
Jackson National Asset Management, LLC
Seeks capital growth by investing in Class A shares of a diversified group of other Funds (“Underlying Funds”), which are part of the JNL Series Trust, the JNL Variable Fund LLC, the JNL Investors Series Trust and the Jackson Variable Series Trust.
Under normal circumstances, the Fund allocates approximately 70%-100% of its assets to Underlying Funds that invest primarily in equity securities, 0%-30% to Underlying Funds that invest primarily in fixed-income securities and 0%-20% of its assets to Underlying Funds that invest primarily in money market securities.
Jackson Variable Series Trust
JNAM Guidance – Interest Rate Opportunities Fund
Jackson National Asset Management, LLC
Seeks total return primarily through strategies that invest in fixed-income oriented securities, as well as other asset classes and strategies through investment in other funds (the “Underlying Funds”). The Fund allocates the majority of its assets to Underlying Funds that invest primarily in fixed-income oriented securities of issuers in the U.S. and foreign countries, including emerging markets.

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JNAM Guidance – Conservative Fund
Jackson National Asset Management, LLC
Seeks the generation of income through investment in other funds (the “Underlying Funds”). The Fund allocates its assets to Underlying Funds that invest primarily in fixed-income and other income-oriented securities (including high-yield ("junk") bonds) of issuers in the U.S. and foreign countries, including emerging markets.
JNAM Guidance – Moderate Fund
Jackson National Asset Management, LLC
Seeks a balance between the generation of income and the long-term growth of capital through investment in other funds (the “Underlying Funds”). The Fund allocates its assets to Underlying Funds that invest primarily in fixed-income and other income-oriented securities (including high-yield ("junk") bonds) as well as dividend-paying equity securities of issuers in the U.S. and foreign countries, including emerging markets.
JNAM Guidance - Growth Fund
Jackson National Asset Management, LLC
Seeks long-term growth of capital through an allocation in stocks and other asset classes and strategies through investment in other funds (the “Underlying Funds”). The Fund allocates its assets to Underlying Funds that invest primarily in equity securities of issuers in the U.S. and foreign countries, including emerging markets.
JNAM Guidance – Moderate Growth Fund
Jackson National Asset Management, LLC
Seeks long-term growth of capital by investing in other funds (the “Underlying Funds”) that offer a broad array of stock, bond, and other asset classes and strategies. The Fund allocates its assets to Underlying Funds that invest primarily in equity securities of issuers in the U.S. and foreign countries, including emerging markets.
JNAM Guidance – Maximum Growth Fund
Jackson National Asset Management, LLC
Seeks long-term growth of capital through an allocation in stocks and other asset classes and strategies through investment in other funds (the “Underlying Funds”). The Fund allocates its assets to Underlying Funds that invest primarily in equity securities of issuers in the U.S. and foreign countries, including emerging markets.
JNAM Guidance – Alt 100 Fund
Jackson National Asset Management, LLC
Seeks long-term growth of capital through investment in other funds (the “Underlying Funds”). Under normal market conditions, the Fund may allocate 100% of its assets to the Underlying Funds that invest in non-traditional asset classes.
Under normal circumstances, the Fund allocates at least 80% of its assets to the Underlying Funds that invest in non-traditional asset classes.
JNAM Guidance – Equity 100 Fund
Jackson National Asset Management, LLC
Seeks long-term growth of capital through investment in other funds (the “Underlying Funds”) with an equity orientation.
The Fund will invest in Underlying Funds such that 80% of its assets (net assets plus the amount of any borrowings for investment purposes) are invested in equities (which may include derivatives exposure to equity securities) of issuers in the U.S. and foreign countries, including emerging markets. The Fund allocates its assets to Underlying Funds that invest amongst various equity classes, as well as non-traditional investments.
JNAM Guidance – Fixed Income 100 Fund
Jackson National Asset Management, LLC
Seeks income and total return through investment in other funds (the “Underlying Funds”) with a fixed-income orientation.
The Fund will invest in Underlying Funds such that 80% of its assets (net assets plus the amount of any borrowings for investment purposes) are invested in fixed-income securities (which may include derivatives exposure to fixed-income securities) of issuers in the U.S. and foreign countries, including emerging markets. The Fund allocates its assets to Underlying Funds that invest amongst various fixed-income classes, as well as non-traditional investments.

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JNAM Guidance – Real Assets Fund
Jackson National Asset Management, LLC
Seeks long-term real return through an allocation in stocks and other asset classes and strategies through investment in other funds (the “Underlying Funds”). The Fund seeks to achieve its objective by investing in shares of the Underlying Funds that focus on investments in commodity, inflation sensitive, natural resource and real estate sectors. The Fund allocates the majority of its assets to Underlying Funds that invest primarily in equity securities, inflation protected securities of issuers in the U.S. and foreign countries, including emerging and currencies.
JNL Tactical ETF Conservative Fund
Jackson National Asset Management, LLC (and Mellon Capital Management Corporation)
Seeks long-term growth of capital through investment in exchange-traded funds (“Underlying ETFs”). Under normal market conditions, the Fund seeks to achieve its investment objective primarily through investing at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in a diversified group of underlying exchange-traded funds. Under normal market conditions, the Adviser allocates approximately 20% to 60% (with a target allocation of 40%) of the Fund’s assets to Underlying ETFs that invest primarily in equity securities, 40% to 80% (with a target allocation of 60%) of the Fund’s assets to Underlying ETFs that invest primarily in fixed-income securities and/or cash alternatives, and up to 15% (with a target allocation of 0%) of the Fund’s assets to Underlying ETFs that invest primarily in alternative assets and strategies. The Adviser may also allocate the Fund’s assets to securities and derivative contracts to meet the Fund’s allocation targets.
JNL Tactical ETF Moderate Fund
Jackson National Asset Management, LLC (and Mellon Capital Management Corporation)
Seeks long-term growth of capital through investment in a diversified group of exchange-traded funds (“Underlying ETFs”). Under normal market conditions, the Fund seeks to achieve its investment objective primarily through investing at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in a diversified group of underlying exchange-traded funds. Under normal market conditions, the Adviser allocates approximately 40% to 80% (with a target allocation of 60%) of the Fund’s assets to Underlying ETFs that invest primarily in equity securities, 20% to 60% (with a target allocation of 40%) of the Fund’s assets to Underlying ETFs that invest primarily in fixed-income securities and/or cash alternatives, and up to 15% (with a target allocation of 0%) of the Fund’s assets to Underlying ETFs that invest primarily in alternative assets and strategies. The Adviser may also allocate the Fund’s assets to securities and derivative contracts to meet the Fund’s allocation targets.
JNL Tactical ETF Growth Fund
Jackson National Asset Management, LLC (and Mellon Capital Management Corporation)
Seeks long-term growth of capital through investment in a diversified group of exchange-traded funds (“Underlying ETFs”). Under normal market conditions, the Fund seeks to achieve its investment objective primarily through investing at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in underlying exchange-traded funds. Under normal market conditions, the Adviser allocates approximately 60% to 100% (with a target allocation of 80%) of the Fund’s assets to Underlying ETFs that invest primarily in equity securities, 0% to 40% (with a target allocation of 20%) of the Fund’s assets to Underlying ETFs that invest primarily in fixed-income securities and/or cash alternatives, and up to 15% (with a target allocation of 0%) of the Fund’s assets to Underlying ETFs that invest primarily in alternative assets and strategies. The Adviser may also allocate the Fund’s assets to securities and derivative contracts to meet the Fund’s allocation targets.
JNL/American Funds® Global Growth Fund (“Feeder Fund”)
Jackson National Asset Management, LLC, investment adviser to the Feeder Fund (and Capital Research and Management Company, investment adviser to the Master Fund)
Seeks long-term growth of capital through exclusive investment in Class 1 shares of the American Funds Insurance Series® - Global Growth FundSM (the “Master Fund”). The Master Fund invests primarily in common stocks of companies around the world that have the potential for growth. As a fund that seeks to invest globally, the Master Fund will allocate its assets among securities of companies domiciled in various countries, including the United States and foreign countries, including emerging market countries. Under normal market conditions, the Master Fund seeks to invest at least 30% of its net assets in issuers domiciled outside of the United States.
JNL/American Funds® Growth Fund (“Feeder Fund”)
Jackson National Asset Management, LLC, investment adviser to the Feeder Fund (and Capital Research and Management Company, investment adviser to the Master Fund)
Seeks growth of capital through exclusive investment in Class 1 shares of the American Funds Insurance Series® - Growth

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FundSM (the “Master Fund”). The Master Fund invests primarily in common stocks and seeks to invest in companies that the Master Fund's investment adviser believes offers superior opportunities for growth of capital. The Master Fund may invest up to 25% of its assets in common stocks and other securities (including convertible and nonconvertible preferred stocks, bonds, and other debt securities) of issuers domiciled outside the U.S.
JNL/AQR Risk Parity Fund
Jackson National Asset Management, LLC (and AQR Capital Management, LLC)
Seeks total return (consisting of capital appreciation and income) by allocating assets among major asset classes (including global developed and emerging market equities, global nominal and inflation-linked government bonds, developed and emerging market currencies, and commodities).
JNL/BlackRock Global Long Short Credit Fund
Jackson National Asset Management, LLC (and BlackRock Financial Management, Inc., BlackRock International Limited and BlackRock (Singapore) Limited)
Seeks absolute total returns over a complete market cycle through diversified long and short exposure to the global fixed-income markets. A complete market cycle for fixed-income funds such as the Fund is typically three to five years.
Under normal market conditions, the Fund invests at least 80% of its total assets in credit-related instruments, including, but not limited to, U.S. Government and agency securities, foreign government and supranational debt securities, corporate bonds, including bonds of companies principally engaged in the aircraft or air transportation industries, mortgage-related securities and asset-backed securities, collateralized debt and loan obligations, including bonds collateralized by aircraft and/or aircraft equipment, emerging market debt securities, preferred securities, structured products, mezzanine securities, senior secured floating rate and fixed rate loans or debt, second lien or other subordinated or unsecured floating rate and fixed rate loans or debt, convertible debt securities, and derivatives with similar economic characteristics.
JNL/DFA U.S. Micro Cap Fund
Jackson National Asset Management, LLC (and Dimensional Fund Advisors LP)
Seeks long-term capital appreciation. As a non-fundamental policy, under normal circumstances, the Fund will invest at least 80% of its net assets in securities of U.S. micro-cap companies.
JNL/DoubleLine® Total Return Fund
Jackson National Asset Management, LLC (and DoubleLine Capital LP)
Seeks to maximize total return by investing, under normal circumstances, at least 80% of its assets (net assets plus the amount of borrowings for investment purposes) in bonds.
JNL/Eaton Vance Global Macro Absolute Return Advantage Fund
Jackson National Asset Management, LLC (and Eaton Vance Management)
Seeks total return by investing in securities, derivatives and other instruments to establish long and short investment exposures around the world. Total return is defined as income plus capital appreciation. The Fund normally invests in multiple countries and may have significant exposure to foreign currencies.
JNL/Epoch Global Shareholder Yield Fund
Jackson National Asset Management, LLC (and Epoch Investment Partners, Inc.)
Seeks to provide a high level of income. Capital appreciation is a secondary objective. The Fund generally invests in a diversified portfolio consisting of equity securities of companies located throughout the world, including the U.S., that have a history of attractive dividend yields and positive growth in operating cash flow. Under normal market conditions, the Fund invests at least 80% of its assets (net assets plus the amount of any borrowings for investment purposes) in equity securities of dividend-paying companies across all market capitalizations.
JNL/FAMCO Flex Core Covered Call Fund
Jackson National Asset Management, LLC (and Ziegler Capital Management, LLC)
Seeks long-term capital appreciation while reducing the downside risk of equity investments by investing in a portfolio of equity securities and writing (selling) call options on at least 80% of the Fund’s total assets. Over a market cycle, the Fund seeks to achieve its objective by investing in a portfolio consisting primarily of large capitalization common stocks of U.S. corporations and U.S. dollar-denominated equity securities of foreign issuers (including American Depositary Receipts (“ADRs”)), in each case traded on U.S. securities exchanges, and on an ongoing basis, writing (selling) covered call options.

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JNL/Lazard International Strategic Equity Fund
Jackson National Asset Management, LLC (and Lazard Asset Management LLC)
Seeks long-term capital appreciation. Under normal market conditions, the Fund invests at least 80% of its assets (plus any borrowings made for investment purposes) in equity securities, principally common stocks, of non-U.S. companies whose principal activities are located in countries represented by the Morgan Stanley Capital International (“MSCI”) Europe, Australasia and Far East (“EAFE”) Index that Lazard Asset Management LLC, the Fund’s sub-adviser, believes are undervalued based on their earnings, cash flow or asset values.
JNL/Neuberger Berman Currency Fund
Jackson National Asset Management, LLC (and Neuberger Berman Investment Advisers LLC)
Seeks absolute return by investing, under normal circumstances, at least 80% of its assets (net assets plus the amount of any borrowings for investment purposes) in currency-related investments.
JNL/Neuberger Berman Risk Balanced Commodity Strategy Fund
Jackson National Asset Management, LLC (and Neuberger Berman Investment Advisers LLC)
Seeks total return by investing under normal circumstances in commodity-linked derivative instruments and fixed-income instruments. Commodities are assets that have tangible properties, such as oil, natural gas, agricultural products or metals. The Fund seeks to gain exposure to the commodity markets by investing, directly or indirectly, in futures contracts on individual commodities and other commodity-linked derivative instruments.
JNL/Nicholas Convertible Arbitrage Fund
Jackson National Asset Management, LLC (and Nicholas Investment Partners, L.P.)
Seeks absolute return by taking long positions in convertible bonds and short positions in common stock underlying those convertible bonds.
JNL/PIMCO Credit Income Fund
Jackson National Asset Management, LLC (and Pacific Investment Management Company LLC)
Seeks maximum total return, consistent with preservation of capital and prudent investment management by investing, under normal circumstances, at least 80% of its assets in a diversified portfolio of investment grade corporate fixed-income securities of varying maturities, which may be represented by forwards, repurchase agreements, reverse repurchase agreements or loan participations and assignments or derivatives such as options, futures contracts or swap agreements.
JNL/PPM America Long Short Credit Fund
Jackson National Asset Management, LLC (and PPM America, Inc.)
Seeks to maximize total return through a combination of current income and capital appreciation, consistent with capital preservation by investing its assets across a wide range of fixed-income securities, and other investments to generate total return under a variety of market conditions and economic cycles.
JNL/T. Rowe Price Capital Appreciation Fund
Jackson National Asset Management, LLC (and T. Rowe Price Associates, Inc.)
Seeks long-term capital appreciation by investing primarily in common stocks. The Fund may also hold fixed income and other securities to help preserve principal value. The Fund seeks to achieve its investment objective by investing, under normal circumstances, at least 50% of its total assets in common stocks. The remaining assets are generally invested in convertible securities, corporate and government debt, bank loans (which represent an interest in amounts owed by a borrower to a syndicate of lenders), and foreign securities, in keeping with the Fund’s objective. The Fund may invest up to 25% of its total assets in foreign securities.
JNL/The Boston Company Equity Income Fund
Jackson National Asset Management, LLC (and The Boston Company Asset Management LLC)
Seeks total return (consisting of capital appreciation and income). Under normal market conditions, the Fund invests at least 80% of its assets (net assets plus the amount of any borrowings for investment purposes) in equity securities. The Fund seeks to focus on dividend-paying stocks and other investments and investment techniques that provide income, including covered call strategies.

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JNL/The London Company Focused U.S. Equity Fund
Jackson National Asset Management, LLC (and The London Company of Virginia, LLC)
Seeks long-term capital appreciation by investing, under normal circumstances, at least 80% of its net assets in common stocks of companies located in the United States. The Fund may invest in companies of any market capitalization and will typically hold a limited number of names in the portfolio.
JNL/Van Eck International Gold Fund
Jackson National Asset Management, LLC (and Van Eck Associates Corporation)
Seeks long-term capital appreciation. The Fund may take current income into consideration when choosing investments. Under normal conditions, the Fund invests at least 80% of its net assets in securities of companies principally engaged in gold-related activities, instruments that derive their value from gold, gold coins and bullion.
JNL/WCM Focused International Equity Fund
Jackson National Asset Management, LLC (and WCM Investment Management)
Seeks long-term capital appreciation by investing primarily in companies outside the United States. The Fund, under normal circumstances, invests at least 80% of its net assets in equity securities.
JNL Variable Fund LLC
JNL/Mellon Capital Dow SM Index Fund
Jackson National Asset Management, LLC (and Mellon Capital Management Corporation)
Seeks total return through a combination of capital appreciation and dividend income by investing in the thirty securities which comprise the Dow Jones Industrial Average (“DJIA”), with the weight of each security in the Fund substantially corresponding to the weight of such security in the DJIA.
JNL/Mellon Capital Global 30 Fund
Jackson National Asset Management, LLC (and Mellon Capital Management Corporation)
Seeks total return through a combination of capital appreciation and dividend income by investing approximately equal amounts in the securities which comprise the Dow Jones Industrial Average (“DJIA”), the Financial Times Ordinary Index (“FT30 Index”) and the Hang Seng Index. The Fund consists of the ten securities in each of the DJIA, the FT30 Index and the Hang Seng Index, respectively, that have the highest dividend yields in their respective index.
JNL/Mellon Capital Nasdaq® 100 Fund
Jackson National Asset Management, LLC (and Mellon Capital Management Corporation)
Seeks total return by investing in the securities which comprise the NASDAQ-100 Index ® . The Fund seeks to invest under normal circumstances at least 80% of its assets in the stocks in the NASDAQ 100 Index in proportion to their market capitalization weighting in the NASDAQ 100 Index.
JNL/Mellon Capital S&P® SMid 60 Fund
Jackson National Asset Management, LLC (and Mellon Capital Management Corporation)
Seeks capital appreciation by investing in the 30 securities that comprise the Standard & Poor's MidCap 400 Index and 30 that comprise the Standard & Poor's SmallCap 600 Index. The Fund seeks to achieve its objective by identifying small and mid-capitalization companies with improving fundamental performance and sentiment. The sub-adviser follows a process that attempts to select small and mid-capitalization companies that are likely to be in an earlier stage of their economic life cycle than mature large-capitalization companies.
JNL/Mellon Capital JNL 5 Fund
Jackson National Asset Management, LLC (and Mellon Capital Management Corporation)
Seeks total return through capital appreciation and dividend income by investing in the securities that are identified by a model based on five different specialized strategies:
Ø
20% in the Dow SM 10 Strategy, a dividend yielding strategy;
Ø
20% in the S&P ® 10 Strategy, a blended valuation-momentum strategy;
Ø
20% in the Global 15 Strategy, a dividend yielding strategy;

30

Ø
20% in the 25 Strategy, a dividend yielding strategy; and
Ø
20% in the Select Small-Cap Strategy, a small capitalization strategy.
JNL/Mellon Capital Communications Sector Fund
Jackson National Asset Management, LLC (and Mellon Capital Management Corporation)
Seeks total return through capital appreciation and dividend income by investing, under normal circumstances, at least 80% of its assets in the stocks in the MSCI USA IMI Telecommunication Services 25/50 Index in proportion to their market capitalization weighting in the MSCI USA IMI Telecommunication Services 25/50 Index.
JNL/Mellon Capital Consumer Brands Sector Fund
Jackson National Asset Management, LLC (and Mellon Capital Management Corporation)
Seeks total return through capital appreciation and dividend income by investing, under normal circumstances, at least 80% of its assets in the stocks in the MSCI USA IMI Consumer Discretionary Index in proportion to their market capitalization weighting in the MSCI USA IMI Consumer Discretionary Index.
JNL/Mellon Capital Financial Sector Fund
Jackson National Asset Management, LLC (and Mellon Capital Management Corporation)
Seeks total return through capital appreciation and dividend income by investing, under normal circumstances, at least 80% of its assets in the securities in the MSCI USA IMI Financials Index in proportion to their market capitalization weighting in the MSCI USA IMI Financials Index.
JNL/Mellon Capital Healthcare Sector Fund
Jackson National Asset Management, LLC (and Mellon Capital Management Corporation)
Seeks total return through capital appreciation and dividend income by investing, under normal circumstances, at least 80% of its assets in the securities in the MSCI USA IMI Health Care Index in proportion to their market capitalization weighting in the MSCI USA IMI Health Care Index.
JNL/Mellon Capital Oil & Gas Sector Fund
Jackson National Asset Management, LLC (and Mellon Capital Management Corporation)
Seeks total return through capital appreciation and dividend income by investing, under normal circumstances, at least 80% of its assets in the stocks in the MSCI USA IMI Energy Index in proportion to their market capitalization weighting in the MSCI USA IMI Energy Index.
JNL/Mellon Capital Technology Sector Fund
Jackson National Asset Management, LLC (and Mellon Capital Management Corporation)
Seeks total return through capital appreciation and dividend income by investing, under normal circumstances, at least 80% of its assets in the stocks in the MSCI USA IMI Information Technology Index in proportion to their market capitalization weighting in the MSCI USA IMI Information Technology Index.

The investment objectives and policies of certain Funds are similar to the investment objectives and policies of other mutual funds that the Fund's investment sub-advisers also manage. Although the objectives and policies may be similar, the investment results of the Funds may be higher or lower than the results of those other mutual funds. We cannot guarantee, and make no representation, that the investment results of similar funds will be comparable even though the funds have the same investment sub-advisers. The Funds described are available only through variable annuity contracts issued by Jackson of NY. They are NOT offered or made available to the general public directly.

A Fund's performance may be affected by risks specific to certain types of investments, such as foreign securities, derivative investments, non-investment grade debt securities, initial public offerings (IPOs) or companies with relatively small market capitalizations. IPOs and other investment techniques may have a magnified performance impact on a Fund with a small asset base. A Fund may not experience similar performance as its assets grow.

You should read the summary prospectuses for the Funds and/or the prospectuses for the JNL Series Trust, the JNL Variable Fund LLC, and the Jackson Variable Series Trust carefully before investing.

The summary prospectuses for the Funds are attached to this prospectus. The summary prospectuses for the Funds and prospectuses for the JNL Series Trust, the JNL Variable Fund LLC, and the Jackson Variable Series Trust may also be obtained at no charge by

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calling 1-800-599-5651 ( Jackson of NY  Service Center) or 1-888-464-7779 (for NY contracts purchased through a bank or financial institution), by writing P.O. Box 30313, Lansing, Michigan 48909-7813, or by visiting www.jackson.com. Additional Funds and Investment Divisions may be available in the future.

Voting Privileges. To the extent required by law, we will obtain instructions from you and other Owners about how to vote our shares of a Fund when there is a vote of shareholders of a Fund. We will vote all the shares we own in proportion to those instructions from Owners. An effect of this proportional voting is that a relatively small number of Owners may determine the outcome of a vote.

Substitution. We reserve the right to substitute a different Fund or a different mutual fund for the one in which any Investment Division is currently invested, or transfer money to the General Account. We will not do this without any required approval of the SEC. We will give you notice of any substitution.

CONTRACT CHARGES

There are charges associated with your Contract, the deduction of which will reduce the investment return of your Contract. Charges are deducted proportionally from your Contract Value. These charges may be a lesser amount where required by state law or as described below, but will not be increased. Charges for an optional benefit are deducted only if you elect the optional benefit. We expect to profit from certain charges assessed under the Contract. These charges (and certain other expenses) are as follows:

Mortality and Expense Risk Charge. Each day, as part of our calculation of the value of the Accumulation Units and Annuity Units, we make a deduction for the Mortality and Expense Risk Charge. On an annual basis, this charge equals 0.85% of the average daily net asset value of your allocations to the Investment Divisions. This charge does not apply to the Fixed Account.

This charge compensates us for the risks we assume in connection with all the Contracts, not just your Contract. Our mortality risks under the Contracts arise from our obligations:

•
to make income payments for the life of the Annuitant during the income phase; and

•
to waive the withdrawal charge in the event of the Owner's death.

Our expense risks under the Contracts include the risk that our actual cost of administering the Contracts and the Investment Divisions may exceed the amount that we receive from the administration charge and the annual contract maintenance charge.

If your Contract Value were ever to become insufficient to pay this charge, your Contract would terminate without value.

Annual Contract Maintenance Charge. During the accumulation phase, we deduct a $30 annual contract maintenance charge on the Contract Anniversary of the Issue Date. We will also deduct the annual contract maintenance charge if you make a total withdrawal. This charge is for administrative expenses. The annual contract maintenance charge will be assessed on the Contract Anniversary or upon full withdrawal and generally is taken from the Investment Divisions and the Fixed Account based on the proportion their respective value bears to the Contract Value. We will not deduct this charge if, when the deduction is to be made, the value of your Contract is $50,000 or more.

Administration Charge. Each day, as part of our calculation of the value of the Accumulation Units and Annuity Units, we make a deduction for administration charges. On an annual basis, these charges equal 0.15% of the average daily net asset value of your allocations to the Investment Divisions. This charge does not apply to the Fixed Account. This charge compensates us for our expenses incurred in administering the Contracts and the Separate Account.

This charge is waived if the Contract Value on the later of the Issue Date or the most recent Contract Quarterly Anniversary is greater than or equal to $1 million. If your Contract Value subsequently drops below $1 million on the most recent Contract Quarterly Anniversary, the Administration Charge will be reinstated.

Transfer Charge. We deduct $25 for each transfer in excess of 15 in a Contract Year. For this purpose, all transfers that are processed on the same Business Day will be considered as one transfer. This charge is deducted from the amount that is transferred prior to the allocation to a different Investment Division or the Fixed Account, as applicable. The charge compensates us for the administrative cost associated with the transfers. We waive the transfer charge in connection with Dollar Cost Averaging, Earnings Sweep, Rebalancing transfers and any transfers we require. Transfers made in connection with Investment Divisions under the Guidance Model Portfolios are treated the same as other transfers with respect to the charges and waivers described above. For information on the Dollar Cost Averaging, Earnings Sweep and Rebalancing programs please see the applicable section under “OTHER INFORMATION” beginning on page 49.

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Withdrawal Charge (not applicable for Contracts with the Liquidity Option). At any time during the accumulation phase (if and to the extent that Contract Value is sufficient to pay any remaining withdrawal charges that remain after a withdrawal), you may withdraw the following with no withdrawal charge:

•
Premiums that are no longer subject to a withdrawal charge (Premiums in your annuity for at least five years without being withdrawn), plus

•
earnings (excess of your Contract Value allocated to the Investment Divisions and the Fixed Account over your Remaining Premiums allocated to those accounts)

•
during each Contract Year 10% of Premium (subject to certain exclusions) that would otherwise incur a withdrawal charge, or be reduced by an Interest Rate Adjustment, and that has not been previously withdrawn (this can be withdrawn at once or in segments throughout the Contract Year), minus earnings (required minimum distributions will be counted as part of the free withdrawal amount).

We will deduct a withdrawal charge on:

•
withdrawals in excess of the free withdrawal amount (the withdrawal charge is imposed only on the excess amount above the free withdrawal amount), or

•
withdrawals under a Contract that exceed its required minimum distribution under the Internal Revenue Code (the entire withdrawal will be subject to the withdrawal charge), or

•
amounts withdrawn in a total withdrawal.

The amount of the withdrawal charge deducted varies according to the following schedule and is based on Completed Years following each Premium:

Withdrawal Charge (as a percentage of Premium payments):
Completed Years since Receipt of Premium
0-1
1-2
2-3
3-4
4-5
5+
 
 
 
 
 
 
 
 
6.5%
6.0%
5.0%
4.0%
3.0%
0%

For purposes of the withdrawal charge, we treat withdrawals as coming first from earnings and then from the oldest Remaining Premium. If you make a full withdrawal, or elect to commence income payments within one year of the date your Contract was issued, the withdrawal charge is based on Premiums remaining in the Contract and no free withdrawal amount applies. If you withdraw only part of the value of your Contract, we deduct the withdrawal charge from the remaining value in your Contract. The withdrawal charge compensates us for costs associated with selling the Contracts.

Note: Withdrawals under a non-qualified Contract will be taxable on an “income first” basis. This means that any withdrawal from a non-qualified Contract that does not exceed the accumulated income under the Contract will be taxable in full. Any withdrawals under a tax-qualified Contract will be taxable except to the extent that they are allocable to an investment in the Contract (any after-tax contributions). In most cases, there will be little or no investment in the Contract for a tax-qualified Contract because contributions will have been made on a pre-tax or tax-deductible basis.

We do not assess the withdrawal charge on any amounts paid out as:

•
income payments during your Contract's income phase ;

•
death benefits; or

•
withdrawals necessary to satisfy the required minimum distribution of the Internal Revenue Code (but if the withdrawal requested exceeds the required minimum distribution, then the entire withdrawal will be subject to the withdrawal charge).


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We may reduce or waive the withdrawal charge when the Contract is purchased by employees, agents and financial representatives of the Company or its affiliates. These transactions will be conducted in a non-discriminatory manner and under circumstances that reduce our sales expenses.

Liquidity Option Charge. If you select the Liquidity Option, which provides for no withdrawal charges, you will pay 0.25% on an annual basis of the average daily Contract Value in the Investment Divisions regardless of whether you take any withdrawals. Charges are deducted daily as part of the calculation of the value of the Accumulation Units. We stop deducting this charge on the date you annuitize.

Other Expenses. We pay the operating expenses of the Separate Account, including those not covered by the mortality and expense and administrative charges. There are deductions from and expenses paid out of the assets of the Funds. These expenses are described in the attached summary prospectus for the Funds. For more information, please see the “Total Annual Fund Operating Expenses” table beginning on page 5.

Premium Taxes. Your state may charge us Premium taxes or other similar taxes of up to 2% of a Premium payment . W hen required, w e pay these taxes and may make a deduction from your Contract Values for them. Currently, Premium taxes do not apply .

Income Taxes. We reserve the right, when calculating unit values, to deduct a credit or charge with respect to any taxes we have paid or reserved for during the valuation period that we determine to be attributable to the operation of the Separate Account, or to a particular Investment Division. No federal income taxes are applicable under present law and we are not presently making any such deduction.

DISTRIBUTION OF CONTRACTS

Jackson National Life Distributors LLC (“Distributor”), located at 7601 Technology Way, Denver, Colorado 80237, serves as the distributor of the Contracts. Distributor also serves as distributor of other variable insurance products issued by Jackson of NY and its parent, Jackson National Life Insurance Company (“Jackson”).

Distributor is a wholly owned subsidiary of Jackson. Distributor is registered as a broker-dealer with the Securities and Exchange Commission under the Securities Exchange Act of 1934 and is a member of the Financial Industry Regulatory Authority (“FINRA”). Distributor is not a member of the Securities Investor Protection Corporation (“SIPC”). For more information on broker-dealers and their registered representatives, you may use the FINRA BrokerCheck program via telephone (1-800-289-9999) or the Internet (http://brokercheck.finra.org).

The Contracts are offered to customers of various financial institutions, brokerage firms and their affiliate insurance agencies (each a "Financial Institution," collectively "Financial Institutions"). No Financial Institution has any legal responsibility to pay amounts that are owed under the Contracts. The obligations and guarantees under the Contracts are the sole responsibility of Jackson. The Financial Institutions are responsible for delivery of various related disclosure documents and the accuracy of their oral description and suitable recommendation of the purchase of the Contracts.

Commissions are paid to Financial Institutions that sell the Contracts. While commissions may vary, they are not expected to exceed 6% of any Premium payment. Where lower commissions are paid up front, trail commissions may also be paid. Commissions may also be paid on the Income Date if the annuity option selected involves a life contingency or a payout over a period of ten or more years. The Financial Institutions determine the amount of the commission that will be paid to their registered representatives. The amounts paid may vary based upon the practices of each Financial Institution.

Under certain circumstances, the Distributor and/or Jackson of NY or our affiliates may make payments to Financial Institutions in addition to commissions , in connection with the sale of Jackson and Jackson of NY variable insurance products . These payments and/or reimbursements are in recognition of marketing, distribution, and/or administrative support provided by the Financial Institution and may not be offered to all Financial Institutions. The terms of these arrangements vary widely depending on, among other things, products offered; the level and type of marketing, distribution, and administrative support services provided; assets under management; the volume of sales; and the level of access we are provided to the registered representatives of the Financial Institution. Such payments may influence Financial Institutions and/or their registered representatives to present the Contracts more favorably than other investment alternatives. Such compensation is subject to applicable state insurance law and regulation and the FINRA rules of conduct and Department of Labor (“DOL”) rules and regulations . While such compensation may be significant, it will not result in any additional direct charge by us to you.

Under these compensation structures, the Distributor and/or Jackson of NY or our affiliates may make marketing allowance payments and marketing support payments to the Financial Institutions . Marketing allowance payments are payments that are designed as

34

consideration for product placement and distribution , assets under management, and sales volume. Marketing allowance payments are generally based on a fixed percentage of annual product sales and generally range from 10 to 50 basis points (0.10% to 0.50%). Payments may also be based on a percentage of assets under management or paid as a specified dollar amount. Marketing support payments may be in the form of cash and/or non-cash compensation to or on behalf of Financial Institutions and their registered representatives, and are intended to provide us with exposure to registered representatives so that we may build relationships or educate them about product features and benefits. Examples of such payments include, but are not limited to, reimbursements for representative training or “due diligence” meetings (including travel and lodging expenses); client and prospecting events; speaker fees; business development and educational enhancement items (such as software packages containing information for broker use, or prospecting lists); sponsorship payments for participation at conferences and meetings; and other support services, including payments to third party vendors for such services. Payments or reimbursements for meetings and seminars are generally based on the anticipated level of participation and/or accessibility and the size of the audience. Subject to applicable laws and regulations including FINRA rules of conduct and DOL rules and regulations , we may also provide cash and/or non-cash compensation to registered representatives in the form of gifts, promotional items, occasional meals, and entertainment. Registered representatives may qualify for different levels of sales and service support depending on the volume of business that they do with us.

We may use any of our corporate assets to cover the cost of distribution, including any profit from the Contract's mortality and expense risk charge and other charges.

The alphabetical listing below details the 20 Financial Institutions that received the largest amounts of marketing allowance payments and/or marketing support payments in 2016 from the Distributor and/or Jackson of NY or our affiliates in relation to the sale of Jackson and Jackson of NY variable insurance products. The total payments received by a Financial Institution is based on sales of all Jackson and Jackson of NY variable insurance products, thus a Financial Institution may appear on the list even if it is not receiving any payments with respect to sales of the Contracts. Payments to these firms ranged from approximately $525 thousand to approximately $22 million.

Cetera Advisor Networks, LLC
Cetera Advisors, LLC
Commonwealth Financial Network
INVEST Financial Corporation*
Lincoln Financial Advisors
LPL Financial Services
Merrill Lynch
MetLife Securities, Inc.
MML Investors Services, LLC
Morgan Stanley
National Planning Corporation*
Raymond James & Associates, Inc.
Securities America, Inc.
Signator Investors, Inc.
SII Investments, Inc.*
Stifel Nicolaus & Company, Inc.
UBS Financial Services, Inc.
Voya Financial Advisors, Inc.
Wells Fargo Advisors, LLC
Woodbury Financial Services, Inc.

*Jackson affiliate.

Please see Appendix B for a complete list of Financial Institutions that received amounts of marketing allowance payments and/or marketing support payments in 2016 from the Distributor and/or Jackson of NY or our affiliates in relation to the sale of our variable insurance products. While we endeavor to update this list on an annual basis, please note that interim changes or new arrangements may not be listed and may involve substantial payments on a forward going basis.

Compensation is also paid to employees of the Distributor and/or Jackson of NY or our affiliates who are responsible for providing services to Financial Institutions. These employees are generally referred to as "wholesalers" and may meet with Financial Institutions

35

and/or their registered representatives to provide training and sales support. The compensation paid to the wholesalers may vary based on a number of factors, including Premium payments; types of Contracts or optional benefits (if any) sold by the Financial Institutions that the wholesaler services; wholesaler performance; and overall company performance. The wholesaler may be required to achieve internally-assigned goals related to the same type of factors and may receive bonus payments for the achievement of individual and/or company-wide goals.

In addition to the Distributor, the following Financial Institutions are affiliated with Jackson and under common control within the same holding company structure:

•
National Planning Corporation,
•
SII Investments, Inc.,
•
IFC Holdings, Inc. d/b/a Invest Financial Corporation, and
•
Investment Centers of America, Inc.

The Distributor also has relationships with the sub-advisers to the various underlying Funds and their affiliates. The Distributor receives payments from some sub-advisers to assist in defraying the costs of certain promotional and marketing meetings hosted by the Distributor in which the sub-advisers participate. The amounts paid depend on the nature of the meetings, the number of meetings attended, the costs expected to be incurred and the level of the sub-adviser's participation. Our affiliated Financial Institutions may have other relationships with the sub-advisers (apart from Jackson) including selling retail mutual funds managed or advised by certain sub-advisers.

All of the compensation described here, and other compensation or benefits provided by the Distributor and/or Jackson of NY or our affiliates, may be greater or less than the total compensation on similar or other products. The amount and/or structure of the compensation can create a conflict of interest as it may influence your Financial Institution and registered representative to present this Contract over other investment alternatives. The variations in compensation, however, may also reflect differences in sales effort or ongoing customer services expected of the Financial Institution and registered representative. You may ask your registered representative about any variations and how he or she and his or her Financial Institution are compensated for selling the Contract.

PURCHASES

Minimum Initial Premium:

•
$25,000 under most circumstances

•
$25,000 for a qualified plan Contract

Minimum Additional Premiums:

•
$500 for a qualified or non-qualified plan

•
$50 for an automatic payment plan

•
You can pay additional Premiums at any time during the accumulation phase.

These minimums apply to purchases, but do not preclude subsequent partial withdrawals that would reduce Contract Values below the minimum initial purchase amounts, as long as the amount left in the account is sufficient to pay the withdrawal charge. We reserve the right to limit the number of Contracts that you may purchase. We reserve the right , in our discretion, to limit, restrict, suspend or reject any or all initial or subsequent Premium payment s and to limit the amount, frequency or timing of Premium payments, at any time on a non-discriminatory basis . Any of these actions by us would limit your ability to invest in the Contract and increase your values and benefits. There is a $100 minimum balance requirement for each Investment Division and Fixed Account. We reserve the right to restrict availability or impose restrictions on the Fixed Account.

Maximum Premiums:

•
The maximum aggregate Premiums you may make without our prior approval is $2.5 million.

The payment of subsequent Premiums, depending on market conditions at the time they are made, may or may not contribute to the various benefits under your Contract. Our right to restrict Premiums to a lesser maximum amount may also affect the benefits under your Contract.

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Allocations of Premium. You may allocate your Premiums to one or more of the Investment Divisions and Fixed Account, if available. The minimum amount you may allocate to the Investment Division or a Fixed Account is $100. We will allocate any additional Premiums you pay in the same way unless you instruct us otherwise.

You may not allocate your Contract Values among more than 99 Investment Divisions and Fixed Account Options at any one time.

We will issue your Contract and allocate your first Premium within two Business Days (days when the New York Stock Exchange is open) after we receive your first Premium and all information that we require for the purchase of a Contract. If we do not receive all of the information that we require, we will contact you to get the necessary information. If for some reason we are unable to complete this process within five Business Days, we will return your money. Subsequent Premiums are allocated on the Business Day that the Premium is received. Each Business Day ends when the New York Stock Exchange closes (usually 4:00 p.m. Eastern time).

Capital Protection Program. If you select our Capital Protection Program at issue, we will allocate enough of your Premium to the available Fixed Account Option you select to assure that the amount so allocated will equal, at the end of a selected period, your total original Premium paid. You may allocate the rest of your Premium to any Investment Division(s). If any part of the Fixed Account value is surrendered or transferred before the end of the selected guaranteed period, the value at the end of that period will not equal the original Premium. This program is available only if Fixed Account Options are available. There is no charge for the Capital Protection Program. You should consult your Jackson of NY representative with respect to the current availability of Fixed Account Options, their limitations, and the availability of the Capital Protection Program.

The Capital Protection Program is not available on Contracts with the Liquidity Option.

For an example of capital protection, assume you made a Premium payment of $10,000 when the interest rate for the seven-year guaranteed period was 3% per year. We would allocate $8,131 to that Guarantee Period because $8,131 would increase at that interest rate to $10,000 after seven years, assuming no withdrawals are taken. The remaining $1,869 of the payment would be allocated to the Investment Division(s) you selected.

Shorter Guarantee Periods require allocation of substantially all your Premium to achieve the intended result. In any case, the results will depend on the interest rate declared for the Guarantee Period. Please note, the interest rate used in the above example is for illustrative purposes only and is not intended to reflect the current interest rate for the Guarantee Period of this duration.

Accumulation Units. Your Contract Value allocated to the Investment Divisions will go up or down depending on the performance of the Investment Divisions you select. In order to keep track of the value of your Contract during the accumulation phase, we use a unit of measure called an “Accumulation Unit.” During the income phase we use a measure called an “Annuity Unit.”

Every Business Day, we determine the value of an Accumulation Unit for each of the Investment Divisions by:

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determining the total amount of assets held in the particular Investment Division;

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subtracting any asset-based charges and taxes chargeable under the Contract; and

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dividing this amount by the number of outstanding Accumulation Units.

Charges deducted through the cancellation of units are not reflected in this computation.

The value of an Accumulation Unit may go up or down from day to day based on the performance of the Funds, expenses, and deduction of Contract charges . The base Contract has different values of Accumulation Units than a Contract with the Liquidity Option, based on the differing amount of charges applied in calculating the values of Accumulation Units.

When you make a Premium payment, we credit your Contract with Accumulation Units. The number of Accumulation Units we credit is determined at the close of that Business Day by dividing the amount of the Premium allocated to any Investment Division by the value of the Accumulation Unit for that Investment Division that reflects the respective charges under your Contract. If your Premium payment is received after the close of the New York Stock Exchange, the number of Accumulation Units credited will be determined at the end of the next Business Day.

In connection with arrangements we have to transact business electronically, we may have agreements in place whereby the time when certain broker-dealers receive your initial Purchase Payment and all required information in Good Order will be used for initial pricing of your Contract Values.  However, if we do not have an agreement with a broker-dealer providing for these pricing procedures, initial Purchase Payments received by the broker-dealer will not be priced until they are received by us. As of the date of this prospectus, we

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have such an agreement with Morgan Stanley Smith Barney LLC and SBHU Life Agency.  Please check with your representative to determine if his/her broker-dealer has an agreement with the Company that provides for these pricing procedures.

TRANSFERS AND FREQUENT TRANSFER RESTRICTIONS

You may transfer your Contract Value between and among the Investment Divisions at any time, unless transfers are subject to other limitations, but transfers between an Investment Division and the Fixed Account must occur prior to the Income Date.

You can make 15 transfers every Contract Year without charge.

A transfer will be effective as of the end of the Business Day when we receive your transfer request in Good Order, and we will disclaim all liability for transfers made based on your transfer instructions, or the instructions of a third party authorized to submit transfer requests on your behalf.

Transfers from the Fixed Account generally will be subject to any applicable Interest Rate Adjustment.

Potential Limits and Conditions on Fixed Account Transfers. We can prohibit or impose limitations or other requirements on transfers to or from the Fixed Account as permitted by applicable law.

In addition, we also specifically reserve the right to impose the limitations and conditions set forth in 1-4 below with respect to the one-year Fixed Account Option. Although we are not imposing these restrictions as of the date of this prospectus, if we do decide to impose them, they could provide as follows with respect to both new and already outstanding Contracts:

1. During any Contract Year, the aggregate dollar amount of all transfers from the one-year Fixed Account Option (including transfers at the end of the one-year period) could not exceed whichever of the following three maximums apply to you for that year:

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Maximum transfers during the first Contract Year in which you have Contract Value in the one-year Fixed Account Option subject to these restrictions: 1/3 of your Contract Value in the one-year Fixed Account Option as of the most recent Contract Anniversary;
•
Maximum transfers during any subsequent Contract Year, if you had Contract Value subject to these restrictions during the preceding Contract Year:
i.
1/3 of your Contract Value in the one-year Fixed Account Option as of the most recent Contract Anniversary if you did not make a 1/3 transfer in the preceding year as mentioned above or
ii.
1/2 of your Contract Value in the one-year Fixed Account Option as of the most recent Contract Anniversary if you did make such a 1/3 transfer in the preceding year; or
•
Maximum transfers during any Contract Year, if you had Contract Value subject to these restrictions during both of the preceding two Contract Years and, in those years, you made the 1/3 maximum transfer in the first year and 1/2 maximum transfer in the second year as mentioned above: all of your remaining Contract Value in the one-year Fixed Account Option.

2. We could require that any transfer from the one-year Fixed Account Option in a Contract Year occur at least twelve months after the most recent such transfer in the previous Contract Year.

3. We could restrict or prohibit your transfers into or allocations of any additional Premiums to the one-year Fixed Account Option in any Contract Year in which you make a transfer from the one-year Fixed Account Option.

4. We could restrict or prohibit your transfers from the one-year Fixed Account Option in any Contract Year in which you make a transfer into or allocate any additional Premiums to the one-year Fixed Account Option.

We may impose restrictions 1-4 separately or in combination but we expect that they would be imposed as a group, so that you would be subject to all of these restrictions if you are subject to any of them.

Certain systematic investment programs could be excluded from the restrictions listed in 1-4 above, such that transfers under those programs would not count against the maximum amounts that may be transferred out of the one-year Fixed Account Option and the Contract Value under such programs would be excluded from the computation of such maximum amounts.

We also could permit or require that a systematic transfer program be used to make transfers from any Fixed Account Options. For example, you could be permitted to have the three transfers that are referred to in restriction 1 above automated through a systematic transfer out (“STO”) on each of your next three Contract Anniversaries. The amount automatically transferred on each of such three

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Contract Anniversaries would be the maximum amount that would be permitted to be transferred on that date under restriction 1, such that following the automatic STO transfer on the third such Contract Anniversary you would no longer have any Contract Value in the one-year Fixed Account Option. If we establish such an STO for you, however, we would (pursuant to restrictions 3 and 4 above) prohibit you from making any other transfer from, or any Premium payments or transfers into, the one-year Fixed Account Option during any Contract Year in which an automatic STO transfer is made for you. Also (pursuant to restriction 2 above) you could elect such an STO only if (i) at least twelve calendar months have passed since your last STO program (if any) had ended and (ii) during the Contract Year in which you make the election, you have not made any transfers from, or any Premium payments or transfers into the one-year Fixed Account Option (unless you made the transfer or Premium payment before the time we had instituted restrictions 1-4). Transfers pursuant to any STO would not count toward your 15 free transfer limit.

If we require you to commence an STO at a time when, due to any of the foregoing restrictions, you would not be eligible to elect such a program, the three annual STO transfers will be delayed. In that case, the first such STO transfer would occur on the first Contract Anniversary after you are eligible to elect an STO.

If we impose the restrictions described in 1-4 above, we would provide you prompt written notice of that fact, as well as any requirement or option to commence an STO. In that case, the restrictions would be effective immediately and we would not expect to provide you with an opportunity to make transfers from the one-year Fixed Account Option, other than in compliance with and subject to the limitations in such restrictions. Accordingly, you should consider whether you are willing to be subject to those limitations before you allocate any Premiums or transfers to the one-year Fixed Account Option.

We also may restrict your participation in any systematic investment program if you allocate any amounts to a Fixed Account Option.

Restrictions on Transfers: Market Timing. The Contract is not designed for frequent transfers by anyone. Frequent transfers between and among Investment Divisions may disrupt the underlying Funds and could negatively impact performance, by interfering with efficient management and reducing long-term returns, and increasing administrative costs. Frequent transfers may also dilute the value of shares of an underlying Fund. Neither the Contracts nor the underlying Funds are meant to promote any active trading strategy, like market timing. Allowing frequent transfers by one or some Owners could be at the expense of other Owners of the Contract. To protect Owners and the underlying Funds, we have policies and procedures to deter frequent transfers between and among the Investment Divisions.

Under these policies and procedures, there is a $25 charge per transfer after 15 in a Contract Year, and no round trip transfers are allowed within 15 calendar days. Also, we could restrict your ability to make transfers to or from one or more of the Investment Divisions, which possible restrictions may include, but are not limited to:

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limiting the number of transfers over a period of time;

•
requiring a minimum time period between each transfer;

•
limiting transfer requests from an agent acting on behalf of one or more Owners or under a power of attorney on behalf of one or more Owners; or

•
limiting the dollar amount that you may transfer at any one time.

To the extent permitted by applicable law, we reserve the right to restrict the number of transfers per year that you can request and to restrict you from making transfers on consecutive Business Days. In addition, your right to make transfers between and among Investment Divisions may be modified if we determine that the exercise by one or more Owners is, or would be, to the disadvantage of other Owners.

We continuously monitor transfers under the Contract for disruptive activity based on frequency, pattern and size. We will more closely monitor Contracts with disruptive activity, placing them on a watch list, and if the disruptive activity continues, we will restrict the availability of electronic or telephonic means to make a transfer, instead requiring that transfer instructions be mailed through regular U.S. postal service, and/or terminate the ability to make transfers completely, as necessary. If we terminate your ability to make transfers, you may need to make a partial withdrawal to access the Contract Value in the Investment Division(s) from which you sought a transfer. We will notify you and your representative in writing within five days of placing the Contract on a watch list.

Regarding round trip transfers, we will allow redemptions from an Investment Division; however, once a complete or partial redemption has been made from an Investment Division through an Investment Division transfer, you will not be permitted to transfer any value back into that Investment Division within 15 calendar days of the redemption. We will treat as short-term trading activity any transfer that is requested into an Investment Division that was previously redeemed within the previous 15 calendar days, whether the transfer was requested by you or a third party.

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Our policies and procedures do not apply to the JNL/WMC Government Money Market Investment Division and the Fixed Account, Dollar Cost Averaging, Earnings Sweep or the Rebalancing program. We may also make exceptions that involve an administrative error, or a personal unanticipated financial emergency of an Owner resulting from an identified health, employment, or other financial or personal event that makes the existing allocation imprudent or a hardship. These limited exceptions will be granted by an oversight team pursuant to procedures designed to result in their consistent application. Please contact our Jackson of NY Service Center if you believe your transfer request entails a financial emergency.

Otherwise, we do not exempt any person or class of persons from our policies and procedures. We have agreements allowing for asset allocation and investment advisory services that are not only subject to our policies and procedures, but also to additional conditions and limitations, intended to limit the potential adverse impact of these activities on other Owners of the Contract. We expect to apply our policies and procedures uniformly, but because detection and deterrence involves judgments that are inherently subjective, we cannot guarantee that we will detect and deter every Contract engaging in frequent transfers every time. If these policies and procedures are ineffective, the adverse consequences described above could occur. We also expect to apply our policies and procedures in a manner reasonably designed to prevent transfers that we consider to be to the disadvantage of other Owners, and we may take whatever action we deem appropriate, without prior notice, to comply with or take advantage of any state or federal regulatory requirement.

TELEPHONE AND INTERNET TRANSACTIONS

The Basics. You can request certain transactions by telephone or at www.jackson.com, our Internet website, subject to our right to terminate electronic or telephonic transfer privileges described above. Our Jackson of NY Service Center representatives are available during business hours to provide you with information about your account. We require that you provide proper identification before performing transactions over the telephone or through our Internet website. For Internet transactions, this will include a Personal Identification Number (PIN). You may establish or change your PIN at www.jackson.com.

What You Can Do and How. You may make transfers by telephone or through the Internet if you elect to have this privilege. Any authorization you (and any joint Owner) provide to us in an application, at our website, or through other means will authorize us to accept transaction instructions, including Investment Division transfers/allocations, by you, a joint Owner, or your representative unless you notify us to the contrary. To notify us, please call us at the Jackson of NY Service Center. Our contact information is on the cover page of this prospectus and the number is referenced in your Contract or on your quarterly statement.

You may elect to make partial withdrawals by telephone, provided that we have received your prior written authorization to take instructions over the telephone. The amount of the withdrawal requested cannot exceed 80% of the Contract Value, up to a gross maximum withdrawal of $50,000. Telephone withdrawal requests may only be made by the Owner(s). We reserve the right to discontinue this privilege or implement additional limitations.

What You Can Do and When. When authorizing a transfer, you must complete your telephone call by the close of the New York Stock Exchange (usually 4:00 p.m. Eastern time) in order to receive that day's value of an Accumulation Unit for an Investment Division.

Transfer instructions you send electronically are considered to be received by us at the time and date stated on the electronic acknowledgement we return to you. If the time and date indicated on the acknowledgement is before the close of the New York Stock Exchange, the instructions will be carried out that day. Otherwise the instructions will be carried out the next Business Day. We will retain permanent records of all web-based transactions by confirmation number. If you do not receive an electronic acknowledgement, you should telephone our Jackson of NY Service Center immediately.

How to Cancel a Transaction. You may only cancel an earlier telephonic or electronic transfer request made on the same day by calling the Jackson of NY Service Center before the New York Stock Exchange closes. Otherwise, your cancellation instruction will not be allowed because of the round trip transfer restriction.

Our Procedures. Our procedures are designed to provide reasonable assurance that telephone or any other electronic authorizations are genuine. Our procedures include requesting identifying information and tape-recording telephone communications and other specific details. We and our affiliates disclaim all liability for any claim, loss or expense resulting from any alleged error or mistake in connection with a transaction requested by telephone or other electronic means that you did not authorize. However, if we fail to employ reasonable procedures to ensure that all requested transactions are properly authorized, we may be held liable for such losses.


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We do not guarantee access to telephonic and electronic information or that we will be able to accept transaction instructions via the telephone or electronic means at all times. We also reserve the right to modify, limit, restrict, or discontinue at any time and without notice the acceptance of instruction from someone other than you and/or this telephonic and electronic transaction privilege. Elections of any optional benefit or program must be in writing and will be effective upon receipt of the request in Good Order.

Upon notification of the Owner's death, any telephone transfer authorization, other than by the surviving joint Owners, designated by the Owner ceases and we will not allow such transactions unless the executor/representative provides written authorization for a person or persons to act on the executor's/representative's behalf.

ACCESS TO YOUR MONEY

You can have access to the money in your Contract:

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by making either a partial or complete withdrawal,

•
by electing the Systematic Withdrawal Program,

•
by electing to receive income payments.

Your Beneficiary can have access to the money in your Contract when a death benefit is paid.

Withdrawals under the Contract may be subject to a withdrawal charge. For purposes of the withdrawal charge, we treat withdrawals as coming first from earnings and then from the oldest Remaining Premium. When you make a complete withdrawal you will receive the value of your Contract as of the end of the Business Day your request is received by us in Good Order, minus any applicable taxes, the annual contract maintenance charge, and all applicable withdrawal charges, adjusted for any applicable Interest Rate Adjustment. For more information about withdrawal charges, please see “Withdrawal Charge” beginning on page 33. We will pay the withdrawal proceeds within seven days of a request in Good Order. If a Purchase Payment made by personal check or electronic draft is received within the five days preceding a withdrawal request, we may delay payment of the withdrawal proceeds up to seven days after the date of the request, to ensure the check or electronic draft is not returned due to insufficient funds.

Your withdrawal request must be in writing but, under certain circumstances, partial withdrawals by telephone are permitted. For more information, please see “Telephone and Internet Transactions” above. We will accept withdrawal requests submitted via facsimile. There are risks associated with not requiring original signatures in order to disburse the money. To minimize the risks, the proceeds will be sent to your last recorded address in our records, so be sure to notify us, in writing, with an original signature of any address change. We do not assume responsibility for improper disbursements if you have failed to provide us with the current address to which the proceeds should be sent.

Except in connection with the Systematic Withdrawal Program, you must withdraw at least $500 or, if less, the entire amount in the Fixed Account Option or Investment Division from which you are making the withdrawal. If you are not specific in your withdrawal request, your withdrawal will be taken from your allocations to the Investment Divisions and Fixed Account Options based on the proportion their respective values bear to the Contract Value.

With the Systematic Withdrawal Program, you may withdraw a specified dollar amount (of at least $50 per withdrawal) or a specified percentage. After your withdrawal, at least $100 must remain in each Fixed Account Option or Investment Division from which the withdrawal was taken. A withdrawal request that would reduce the remaining Contract Value to less than $100 will be treated as a request for a complete withdrawal.

If you have an investment adviser who, for a fee, manages your Contract Value, you may authorize payment of the fee from the Contract by requesting a partial withdrawal. There are conditions and limitations, so please contact our Jackson of NY Service Center for more information. Our contact information is on the cover page of this prospectus. We neither endorse any investment advisers, nor make any representations as to their qualifications. The fee for this service would be covered in a separate agreement between the two of you, and would be in addition to the fees and expenses described in this prospectus.

Income taxes, tax penalties and certain restrictions may apply to any withdrawal you make. There are limitations on withdrawals from qualified plans. For more information, please see “TAXES” beginning on page 45.

Liquidity Option. If you elect the Liquidity Option, you will not pay a withdrawal charge when you make a partial or full withdrawal. This option must be selected at issue. This option removes the five year withdrawal charge schedule that would otherwise apply. You will pay a charge of 0.25% on an annual basis of the average net asset value of your allocations to the Investment Divisions for this option. The decision to elect the Liquidity Option should consider whether you anticipate taking or

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needing to take a large withdrawal that would otherwise be subject to charges under the five year withdrawal charge schedule imposed on each Premium payment. The charge for the Liquidity Option applies until the date you annuitize whether or not you take any withdrawals.

Systematic Withdrawal Program. You can arrange to have money automatically sent to you periodically while your Contract is still in the accumulation phase. You may withdraw a specified dollar amount (of at least $50 per withdrawal), a specified percentage or earnings. Your withdrawals may be on a monthly, quarterly, semi-annual or annual basis. There is no charge for the Systematic Withdrawal Program; however, you will have to pay taxes on the money you receive. You may also be subject to a withdrawal charge and an Interest Rate Adjustment.

Suspension of Withdrawals or Transfers. We may be required to suspend or delay withdrawals or transfers to or from an Investment Division when:

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the New York Stock Exchange is closed (other than customary weekend and holiday closings);

•
under applicable SEC rules, trading on the New York Stock Exchange is restricted;

•
under applicable SEC rules, an emergency exists so that it is not reasonably practicable to dispose of securities in an Investment Division or determine the value of its assets; or

•
the SEC, by order, may permit for the protection of Contract Owners.

We have reserved the right to defer payment for a withdrawal or transfer from the Fixed Account for up to six months or the period permitted by law.

INCOME PAYMENTS (THE INCOME PHASE)

The income phase of your Contract occurs when you begin receiving regular income payments from us. The Income Date is the day those payments begin. Once income payments begin, the Contract cannot be returned to the accumulation phase. You can choose the Income Date and an income option, but the Income Date must be at least 13 months after the Contract’s Issue Date. All of the Contract Value must be annuitized. The income options are described below.

If you do not choose an income option, we will assume that you selected option 3, which provides a life annuity with 120 months of guaranteed payments.

You can change the Income Date or income option at least seven days before the Income Date, but changes to the Income Date may only be to a later date. You must give us written notice at least seven days before the scheduled Income Date. Income payments must begin by the Contract Anniversary on or next following your 95th birthday under a non-qualified Contract, or by such earlier date as required by the applicable qualified plan, law or regulation.

Under a traditional Individual Retirement Annuity, required minimum distributions must begin in the calendar year in which you attain age 70 1/2 (or such other age as required by law). Distributions under qualified plans and Tax-Sheltered Annuities must begin by the later of the calendar year in which you attain age 70 1/2 or the calendar year in which you retire. You do not necessarily have to annuitize your Contract to meet the minimum distribution requirements for Individual Retirement Annuities, qualified plans, and Tax-Sheltered Annuities. Distributions from Roth IRAs are not required prior to your death.

At the Income Date, you can choose to receive fixed payments or variable payments based on the Investment Divisions. If you do not choose how to receive your income payments, your income payments will be variable payments based on the Contract Value allocated to the variable and fixed options on the Income Date.

You can choose to have income payments made monthly, quarterly, semi-annually or annually. Or you can choose a single lump sum payment. If you have less than $5,000 to apply toward an income option, we may provide your payment in a single lump sum, part of which may be taxable as Federal Income. Likewise, if your first income payment would be less than $50, we may set the frequency of payments so that the first payment would be at least $50.

Fixed Income Payments. If you choose to receive fixed payments, the amount of each income payment will be determined by applying the portion of your Contract Value allocated to fixed payments, less any applicable Premium taxes and charges, to the rates in the annuity tables contained in the Contract applicable to the income option chosen. If the current annuity rates provided by us on contracts of this type would be more favorable to you , the current rates will be used.

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Variable Income Payments. If you choose to have any portion of your income payments based upon one or more Investment Divisions, the dollar amount of your initial annuity payment will depend primarily upon the following:

•
the amount of your Contract Value you allocate to the Investment Division(s) on the Income Date;

•
the amount of any applicable Premium taxes, or withdrawal charges and any Interest Rate Adjustment deducted from your Contract Value on the Income Date;

•
which income option you select; and

•
the investment factors listed in your Contract that translate the amount of your Contract Value (as adjusted for applicable charges, frequency of payment and commencement date) into initial payment amounts that are measured by the number of Annuity Units of the Investment Division(s) you select credited to your Contract.

The investment factors in your Contract are calculated based upon a variety of factors, including an assumed net investment rate of 1.0% for all options and, if you select an income option with a life contingency, the age and gender of the Annuitant.

If the actual net investment rate experienced by an Investment Division exceeds the assumed net investment rate, variable annuity payments will increase over time. Conversely, if the actual net investment rate is less than the assumed net investment rate, variable annuity payments will decrease over time. If the actual net investment rate equals the assumed net investment rate, the variable annuity payments will remain constant.

We calculate the dollar amount of subsequent income payments that you receive based upon the performance of the Investment Divisions you select. If that performance (measured by changes in the value of Annuity Units) exceeds the assumed net investment rate, then your income payments will increase; if that performance is less than the assumed net investment rate, then your income payments will decrease. Neither expenses actually incurred (other than taxes on investment return), nor mortality actually experienced, will adversely affect the dollar amount of subsequent income payments.

Income Options. The Annuitant is the person whose life we look to when we make income payments (each description assumes that you are the Owner and Annuitant). Each income option is available as fixed payments or variable payments.

Option 1 - Life Income. This income option provides monthly payments for your life. No further payments are payable after your death. Thus, it is possible for you to receive only one payment if you die prior to the date the second payment is due. If the Annuitant dies after the Income Date but prior to the first income payment being paid, the amount applied to this income option will be paid to the Owner or the Owner’s Beneficiaries.

Option 2 - Joint and Survivor. This income option provides monthly payments for your life and for the life of another person (usually your spouse) selected by you. Upon the death of either person, the monthly payments will continue during the lifetime of the survivor. No further payments are payable after the death of the survivor. If both Annuitants die after the Income Date but prior to the first payment being paid, the amount applied to this income option will be paid to the Owner or the Owner’s Beneficiaries.

Option 3 - Life Annuity With at Least 120 or 240 Monthly Payments. This income option provides monthly payments for the Annuitant's life, but with payments continuing to the Beneficiary for the remainder of 10 or 20 years (as you select) if the Annuitant dies before the end of the selected period. If the Beneficiary does not want to receive the remaining scheduled payments, a single lump sum may be requested, which will be equal to the present value of the remaining payments (as of the date of calculation) discounted at an interest rate no higher than the rate used to calculate the initial payment.

Option 4 - Income for a Specified Period. This income option provides monthly payments for any number of years from 5 to 30. If the Beneficiary does not want to receive the remaining scheduled payments, a single lump sum may be requested, which will be equal to the present value of the remaining payments (as of the date of calculation) discounted at an interest rate no higher than the rate used to calculate the initial payment.

Additional Options - We may make other income options available.

No withdrawals are permitted during the income phase under an income option that is life contingent.


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DEATH BENEFIT

The Contract has a death benefit, which is payable during the accumulation phase. The death benefit equals your Contract Value on the date we receive all required documentation from your Beneficiary.

The death benefit paid to your Beneficiary upon your death is calculated as of the date we receive all required documentation in Good Order which includes, but is not limited to, due proof of death and a completed claim form from the Beneficiary of record (if there are multiple beneficiaries, we will calculate the death benefit when we receive this documentation from the first Beneficiary). Payment will include interest to the extent required by law.

If you die before moving to the income phase, the person you have chosen as your Beneficiary will receive the death benefit. If you have a joint Owner, the death benefit will be paid when the first joint Owner dies. The surviving joint Owner will be treated as the Beneficiary. Any other Beneficiary designated will be treated as a contingent Beneficiary. Only a spousal Beneficiary has the right to continue the Contract in force upon your death.

Payout Options. The death benefit can be paid under one of the following payout options:

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single lump sum payment; or

•
payment of entire death benefit within 5 years of the date of death; or

•
payment of the entire death benefit under an income option over the Beneficiary's lifetime or for a period not extending beyond the Beneficiary's life expectancy; or payment of a portion of the death benefit under an income option over the Beneficiary's lifetime or for a period not extending beyond the Beneficiary's life expectancy, with the balance of the death benefit payable to the Beneficiary. Any portion of the death benefit not applied under an income option within one year of the Owner's death, however, must be paid within five years of the date of the Owner's death; or

•
the Beneficiary may elect to receive distribution of the entire death benefit in a series of systematic withdrawals over a period not extending beyond the Beneficiary’s life expectancy. The distributions must satisfy the minimum distribution requirements resulting from the death of the Owner as defined by the Internal Revenue Code and the implementing regulations. Upon the Beneficiary’s death, under a tax-qualified Contract, the designated beneficiary may elect to continue such distributions or take a lump-sum distribution of the Contract Value. Under a non-qualified Contract, the designated beneficiary will receive a lump-sum distribution of the Contract Value.

Under these payout options, the Beneficiary may also elect to receive additional lump sums at any time. The receipt of any additional lump sums will reduce the future income payments to the Beneficiary.

Unless the Beneficiary chooses to receive the entire death benefit in a single sum, the Beneficiary must elect a payout option within the 60-day period beginning with the date we receive proof of death and payments must begin within one year of the date of death. If the Beneficiary chooses to receive some or all of the death benefit in a single sum and all the necessary requirements are met, we will pay the death benefit within seven days. If your Beneficiary is your spouse, he/she may elect to continue the Contract, at the current Contract Value, in his/her own name. If no payout option is selected, the entire death benefit will be paid within 5 years of the Owner's date of death. The death benefit will remain invested in the Investment Divisions in accordance with the allocation instructions given by the Owner until a payout option is selected, or new instructions are received from the Beneficiary after the claim is processed. For more information, please see “Spousal Continuation Option” below.

Pre-Selected Payout Options. As Owner, you may also make a predetermined selection of the death benefit payout option if your death occurs before the Income Date. However, at the time of your death, we may modify the death benefit option if the death benefit you selected exceeds the life expectancy of the Beneficiary. If this Pre-selected Death Benefit Option Election is in force at the time of your death, the payment of the death benefit may not be postponed, nor can the Contract be continued under any other provisions of this Contract. This restriction applies even if the Beneficiary is your spouse, unless such restriction is prohibited by the Internal Revenue Code. If the Beneficiary does not submit the required documentation for the death benefit to us within one year of your death, however, the death benefit must be paid, in a single lump sum, within five years of your death.

Spousal Continuation Option. If your spouse is the Beneficiary and elects to continue the Contract in his or her own name after your death, pursuant to the Spousal Continuation Option, no death benefit will be paid at that time. See your financial advisor for information regarding the availability of the Spousal Continuation Option.


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The Spousal Continuation Option is available to elect one time on the Contract. However, if you have elected the Pre- s elected Death Benefit Option the Contract cannot be continued under the Spousal Continuation Option, unless preventing continuation would be prohibited by the Internal Revenue Code.

Death of Owner On or After the Income Date. If you or a joint Owner dies, and is not the Annuitant, on or after the Income Date, any remaining payments under the income option elected will continue at least as rapidly as under the method of distribution in effect at the date of death. If you die, the Beneficiary becomes the Owner. If the joint Owner dies, the surviving joint Owner, if any, will be the designated Beneficiary. Any other Beneficiary designation on record at the time of death will be treated as a contingent Beneficiary. A contingent Beneficiary is entitled to receive payment only after the Beneficiary dies.

Death of Annuitant. If the Annuitant is not an Owner or joint Owner and dies before the Income Date, you can name a new Annuitant, subject to our underwriting rules. If you do not name a new Annuitant within 30 days of the death of the Annuitant, you will become the Annuitant. However, if the Owner is a non-natural person (for example, a corporation), then the death of the Annuitant will be treated as the death of the Owner, and a new Annuitant may not be named.

If the Annuitant dies on or after the Income Date, any remaining guaranteed payment will be paid to the Beneficiary as provided for in the income option selected. Any remaining guaranteed payment will be paid at least as rapidly as under the method of distribution in effect at the Annuitant's death.

Stretch Contracts. The beneficiary of death benefit proceeds from another company’s non-qualified annuity contract or tax-qualified annuity contract or plan, may use the death benefit proceeds to purchase a Contract (“Stretch Contract”) from us. The beneficiary of the prior contract or plan (“Beneficial Owner”) must begin taking distributions, or must have begun taking distributions under the prior contract or plan, within one year of the decedent’s death. The distributions must be taken over a period not to exceed the life expectancy of the Beneficial Owner, and the distributions must satisfy the minimum distribution requirements resulting from the decedent’s death as defined by the Internal Revenue Code and implementing regulations. (See “Non-Qualified Contracts – Required Distributions” on page 46.) Upon the Beneficial Owner’s death, under a tax-qualified Stretch Contract, the designated beneficiary may elect to continue such distributions or take a lump-sum distribution of the Contract Value. Upon the Beneficial Owner’s death, under a non-qualified Stretch Contract, the Stretch Contract terminates, and the designated beneficiary will receive a lump-sum distribution of the Contract Value. We will waive withdrawal charges on any withdrawal necessary to satisfy the minimum distribution requirements. Withdrawals in excess of the minimum distribution requirements may be taken at any time, subject to applicable withdrawal charges. The rights of Beneficial Owners are limited to those applicable to the distribution of the death benefit proceeds.

Special requirements apply to non-qualified Stretch Contracts. All Premium payments must be received in the form of a full or partial 1035 exchange of the death benefit proceeds from a non-qualified annuity contract and other forms of Premium payments are not permitted. Joint ownership is not permitted. The Beneficial Owner may not annuitize the Stretch Contract. The Stretch Contract terminates upon the Beneficial Owner’s death, and we will pay the Contract Value to the Beneficial Owner’s beneficiary(ies) in a lump-sum distribution. Please read the Contract and accompanying endorsement carefully for more information about these and other requirements.

TAXES

The following is only general information and is not intended as tax advice to any individual. Additional tax information is included in the SAI. You should consult your own tax advisor as to how these general rules will apply to you if you purchase a Contract.

CONTRACT OWNER TAXATION

Tax-Qualified and Non-Qualified Contracts. If you purchase your Contract as a part of a tax-qualified plan such as an Individual Retirement Annuity (IRA), Tax-Sheltered Annuity (sometimes referred to as a 403(b) Contract), or pension or profit-sharing plan (including a 401(k) Plan or H.R. 10 Plan) your Contract will be what is referred to as a tax-qualified contract. Tax deferral under a tax-qualified contract arises under the specific provisions of the Internal Revenue Code (Code) governing the tax-qualified plan, so a tax-qualified contract should be purchased only for the features and benefits other than tax deferral that are available under a tax-qualified contract, and not for the purpose of obtaining tax deferral. You should consult your own advisor regarding these features and benefits of the Contract prior to purchasing a tax-qualified contract.

If you do not purchase your Contract as a part of any tax-qualified pension plan, specially sponsored program or an individual retirement annuity, your Contract will be what is referred to as a non-qualified contract. Some broker-dealers only offer the Contracts as non-qualified contracts.

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The amount of your tax liability on the earnings under and the amounts received from either a tax-qualified or a non-qualified contract will vary depending on the specific tax rules applicable to your Contract and your particular circumstances.

Non-Qualified Contracts – General Taxation. Increases in the value of a non-qualified contract attributable to undistributed earnings are generally not taxable to the Contract Owner or the Annuitant until a distribution (either a withdrawal or an income payment) is made from the Contract. This tax deferral is generally not available under a non-qualified contract owned by a non-natural person (e.g., a corporation or certain other entities other than a trust holding the Contract as an agent for a natural person). Loans based on a non-qualified contract are treated as distributions.

Non-Qualified Contracts – Aggregation of Contracts. For purposes of determining the taxability of a distribution, the Code provides that all non-qualified contracts issued by us (or an affiliate) to you during any calendar year must be treated as one annuity contract. Additional rules may be promulgated under this Code provision to prevent avoidance of its effect through the ownership of serial contracts or otherwise.

Non-Qualified Contracts – Withdrawals and Income Payments. Any withdrawal from a non-qualified contract is taxable as ordinary income to the extent it does not exceed the accumulated earnings under the Contract. In contrast, a part of each income payment under a non-qualified contract is generally treated as a non-taxable return of Premium. The balance of each income payment is taxable as ordinary income. The amounts of the taxable and non-taxable portions of each income payment are determined based on the amount of the investment in the Contract and the length of the period over which income payments are to be made. Income payments received after all of your investment in the Contract is recovered are fully taxable as ordinary income. Additional information is provided in the SAI.

The Code also imposes a 10% penalty on certain taxable amounts received under a non-qualified contract. This penalty tax will not apply to any amounts:

•
paid on or after the date you reach age 59 1/2;

•
paid to your Beneficiary after you die;

•
paid if you become totally disabled (as that term is defined in the Code);

•
paid in a series of substantially equal periodic payments made annually (or more frequently) for your life (or life expectancy) or for a period not exceeding the joint lives (or joint life expectancies) of you and your Beneficiary;

•
paid under an immediate annuity; or

•
which come from Premiums made prior to August 14, 1982.

Beginning in 2013, the taxable portion of distributions from a non-qualified annuity contract will be considered investment income for purposes of the new Medicare tax on investment income. As a result, a 3.8% tax will generally apply to some or all of the taxable portion of distributions to individuals whose modified adjusted gross income exceeds certain threshold amounts. These levels are $200,000 in the case of single taxpayers, $250,000 in the case of married taxpayers filing joint returns, and $125,000 in the case of married taxpayers filing separately. Owners should consult their own tax advisors for more information.

Non-Qualified Contracts – Required Distributions. In order to be treated as an annuity contract for federal income tax purposes, the Code requires any nonqualified contract issued after January 18, 1985 to provide that (a) if an Owner dies on or after the annuity starting date but prior to the time the entire interest in the contract has been distributed, the remaining portion of such interest will be distributed at least as rapidly as under the method of distribution being used as of the date of that Owner's death; and (b) if an Owner dies prior to the annuity starting date, the entire interest in the contract must be distributed within five years after the date of the Owner's death.

The requirements of (b) above can be considered satisfied if any portion of the Owner's interest which is payable to or for the benefit of a “designated beneficiary” is distributed over the life of such beneficiary or over a period not extending beyond the life expectancy of that beneficiary and such distributions begin within one year of that Owner's death. The Owner's “designated beneficiary,” who must be a natural person, is the person designated by such Owner as a Beneficiary and to whom ownership of the Contract passes by reason of death. However, if the Owner's “designated beneficiary” is the surviving spouse of the Owner, the Contract may be continued with the surviving spouse as the new Owner.


46

Non-Qualified Contracts - 1035 Exchanges. Under Section 1035 of the Code, you can purchase a variable annuity contract through a tax-free exchange of another annuity contract, or a life insurance or endowment contract. For the exchange to be tax-free under Section 1035, the owner and annuitant must be the same under the original annuity contract and the Contract issued to you in the exchange. If the original contract is a life insurance contract or endowment contract, the owner and the insured on the original contract must be the same as the owner and annuitant on the Contract issued to you in the exchange. Under certain circumstances, partial surrenders may be treated as a tax-free “partial 1035 exchange” (please see the Statement of Additional Information for more information).

Tax-Qualified Contracts – Withdrawals and Income Payments. The Code imposes limits on loans, withdrawals, and income payments under tax-qualified contracts. The Code also imposes required minimum distributions for tax-qualified contracts and a 10% penalty on certain taxable amounts received prematurely under a tax-qualified contract. These limits, required minimum distributions, tax penalties and the tax computation rules are summarized in the SAI. Any withdrawals under a tax-qualified contract will be taxable except to the extent they are allocable to an investment in the Contract (any after-tax contributions). In most cases, there will be little or no investment in the Contract for a tax-qualified contract because contributions will have been made on a pre-tax or tax-deductible basis.

Withdrawals – Tax-Sheltered Annuities. The Code limits the withdrawal of amounts attributable to purchase payments made under a salary reduction agreement from Tax-Sheltered Annuities. Withdrawals can only be made when an Owner:

•
reaches age 59 1/2;

•
leaves his/her job;

•
dies;

•
becomes disabled (as that term is defined in the Code); or

•
experiences hardship. However, in the case of hardship, the Owner can only withdraw the Premium and not any earnings.

Withdrawals – Roth IRAs. Subject to certain limitations, individuals may also purchase a type of non-deductible IRA annuity known as a Roth IRA annuity. Qualified distributions from Roth IRA annuities are entirely federal income tax free. A qualified distribution requires that the individual has held the Roth IRA annuity for at least five years and, in addition, that the distribution is made either after the individual reaches age 59 1/2, on account of the individual's death or disability, or as a qualified first-time home purchase, subject to $10,000 lifetime maximum, for the individual, or for a spouse, child, grandchild or ancestor.

Constructive Withdrawals – Investment Adviser Fees. Withdrawals from non-qualified contracts for the payment of investment adviser fees will be considered taxable distributions from the Contract. In a series of Private Letter Rulings, however, the Internal Revenue Service has held that the payment of investment adviser fees from a tax-qualified contract need not be considered a distribution for income tax purposes. Under the facts in these Rulings:

•
there was a written agreement providing for payments of the fees solely from the annuity Contract,

•
the Contract Owner had no liability for the fees, and

•
the fees were paid solely from the annuity Contract to the adviser.

Death Benefits. None of the death benefits paid under the Contract to the Beneficiary will be tax-exempt life insurance benefits. The rules governing the taxation of payments from an annuity Contract, as discussed above, generally apply to the payment of death benefits and depend on whether the death benefits are paid as a lump sum or as annuity payments. Estate or gift taxes may also apply.

Assignment. An assignment of your Contract will generally be a taxable event. Assignments of a tax-qualified Contract may also be limited by the Code and the Employee Retirement Income Security Act of 1974, as amended. These limits are summarized in the SAI. You should consult your tax advisor prior to making any assignment of your Contract.

Diversification. The Code provides that the underlying investments for a non-qualified variable annuity must satisfy certain diversification requirements in order to be treated as an annuity Contract. We believe that the underlying investments are being managed so as to comply with these requirements. A fuller discussion of the diversification requirements is contained in the SAI.


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Owner Control. In a Revenue Ruling issued in 2003, the Internal Revenue Service (IRS) considered certain variable annuity and variable life insurance contracts and held that the types of actual and potential control that the Contract Owners could exercise over the investment assets held by the insurance company under these variable contracts was not sufficient to cause the Contract Owners to be treated as the owners of those assets and thus to be subject to current income tax on the income and gains produced by those assets. Under the Contract, like the contracts described in the Revenue Ruling, there will be no arrangement, plan, contract or agreement between the Contract Owner and Jackson of NY regarding the availability of a particular investment option and other than the Contract Owner's right to allocate Premiums and transfer funds among the available sub-accounts, all investment decisions concerning the sub-accounts will be made by the insurance company or an adviser in its sole and absolute discretion.

The Contract will differ from the contracts described in the Revenue Ruling, in two respects. The first difference is that the contract in the Revenue Ruling provided only 12 investment options with the insurance company having the ability to add an additional 8 options whereas a Contract offers 121 I nvestment Divisions and at least one Fixed Account Option, and, if more than 99 options are offered, a Contract Owner's Contract Value can be allocated to no more than 99 variable and fixed options at any one time. The second difference is that the owner of a contract in the Revenue Ruling could only make one transfer per 30-day period without a fee whereas during the accumulation phase, a Contract Owner will be permitted to make up to 15 transfers in any one year without a charge.

The Revenue Ruling states that whether the owner of a variable contract is to be treated as the owner of the assets held by the insurance company under the contract will depend on all of the facts and circumstances. Jackson of NY does not believe that the differences between the Contract and the contracts described in the Revenue Ruling with respect to the number of investment choices and the number of investment transfers that can be made under the contract without an additional charge should prevent the holding in the Revenue Ruling from applying to the Owner of a Contract. At this time, however, it cannot be determined whether additional guidance will be provided by the IRS on this issue and what standards may be contained in such guidance. We reserve the right to modify the Contract to the extent required to maintain favorable tax treatment.

Withholding. In general, the income portion of distributions from a Contract are subject to 10% federal income tax withholding and the income portion of income payments are subject to withholding at the same rate as wages unless you elect not to have tax withheld. Some states have enacted similar rules. Different rules may apply to payments delivered outside the United States.

Eligible rollover distributions from a Contract issued under certain types of tax-qualified plans will be subject to federal tax withholding at a mandatory 20% rate unless the distribution is made as a direct rollover to a tax-qualified plan or to an individual retirement account or annuity.

The Code generally allows the rollover of most distributions to and from tax-qualified plans, tax-sheltered annuities, Individual Retirement Annuities and eligible deferred compensation plans of state or local governments. Distributions which may not be rolled over are those which are:

(a)
one of a series of substantially equal annual (or more frequent) payments made (a) over the life or life expectancy of the employee, (b) the joint lives or joint life expectancies of the employee and the employee's beneficiary, or (c) for a specified period of ten years or more;

(b)
a required minimum distribution; or

(c)
a hardship withdrawal.

JACKSON OF NY TAXATION

We will pay company income taxes on the taxable corporate earnings created by this separate account product adjusted for various permissible deductions and certain tax benefits discussed below. While we may consider company income tax liabilities and tax benefits when pricing our products, we do not currently include our income tax liabilities in the charges you pay under the Contract. We will periodically review the issue of charging for these taxes and may impose a charge in the future.

In calculating our corporate income tax liability, we derive certain corporate income tax benefits associated with the investment of company assets, including separate account assets that are treated as company assets under applicable income tax law. These benefits reduce our overall corporate income tax liability. Under current law, such benefits may include dividends received deductions and foreign tax credits which can be material. We do not pass these benefits through to the separate accounts, principally because: (i) the great bulk of the benefits results from the dividends received deduction, which involves no reduction in the dollar amount of dividends that the separate account receives; (ii) product owners are not the owners of the assets generating the benefits under applicable income tax law; and (iii) we do not currently include company income taxes in the charges owners pay under the products.


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OTHER INFORMATION

Dollar Cost Averaging. If the amount allocated to the Investment Divisions plus the amount allocated to a Fixed Account Option is at least $15,000, you can arrange to have a dollar amount or percentage of money periodically transferred automatically into the Investment Divisions and other Fixed Account Options (if currently available) (each a "Designated Option") from the one-year Fixed Account Option (if currently available) or any of the Investment Divisions (each a “Source Option”). Investment Divisions under a Guidance Model Portfolio also are available as Designated Options and Source Options. If we impose any transfer restrictions on the one-year Fixed Account Option as discussed in numbered paragraphs 1-4 under “Transfers and Frequent Transfer Restrictions,” then (i) the one-year Fixed Account Option can be used as a Source Option for Dollar Cost Averaging only with respect to new Premiums that are allocated to that Source Option, (ii) only a twelve-month Dollar Cost Averaging period may be selected, (iii) transfers out of the one-year Fixed Account Option pursuant to such Dollar Cost Averaging will not count against the maximum amount limitations we have imposed on transfers out of the one-year Fixed Account Option and (iv) transfers from that Source Option other than such scheduled transfers will not be permitted.

To the extent that Fixed Account Options are not available or are otherwise restricted from being a Dollar Cost Averaging Source Option or Designated Option, Dollar Cost Averaging will be exclusively from or to the Investment Divisions. In the case of transfers from the one-year Fixed Account Option or Investment Divisions with a less volatile unit value to the Investment Divisions, Dollar Cost Averaging can let you pay a lower average cost per unit over time than you would receive if you made a one-time purchase. Transfers from the more volatile Investment Divisions may not result in lower average costs and such Investment Divisions may not be an appropriate source of dollar cost averaging transfers in volatile markets.

There is no charge for Dollar Cost Averaging. You may cancel your Dollar Cost Averaging program using whatever methods you use to change your allocation instructions. You should consult with your Jackson of NY representative with respect to the current availability of Dollar Cost Averaging. Certain restrictions may apply.

Dollar Cost Averaging Plus (DCA+). The DCA+ Fixed Account Option is designed for dollar cost averaging transfers to Investment Divisions or systematic transfers to other Fixed Account Options. DCA+ is subject to current availability. A Contract Value of $15,000 is required to participate. From time to time, we will offer special enhanced interest rates on the DCA+ Fixed Account Option. If a DCA+ Fixed Account Option is selected, monies in the DCA+ Fixed Account Option will be systematically transferred to the Investment Divisions or other Fixed Account Options chosen over a DCA+ term of either twelve months or six months, as you select.

The DCA+ is not available on Contracts with the Liquidity Option.

Transfers out of the DCA+ Fixed Account Option other than the automatic DCA+ transfers can be made only if you discontinue use of the DCA+ Fixed Account Option. If we impose any transfer restrictions on the one-year Fixed Account Option as discussed in numbered paragraphs 1-4 under “Transfers and Frequent Transfer Restrictions,” then (i) you may not discontinue the DCA+ Fixed Account Option or otherwise transfer or withdraw any amounts from the DCA+ Fixed Account Option, but (ii) automatic transfers pursuant to DCA+ will not count against any maximum amount limitations we have imposed on transfers out of the one-year Fixed Account Option.

There is no charge for DCA+. You may cancel your DCA+ program using whatever methods you use to change your allocation instructions. You should consult your Jackson of NY representative with respect to the current availability of the Fixed Account Options and the availability of DCA+. Certain restrictions may apply.

Earnings Sweep. You can choose to have your earnings transferred automatically on a monthly basis from the one-year Fixed Account Option, if currently available, and the JNL/WMC Government Money Market Investment Division into other Investment Divisions and Fixed Account Options. Earnings Sweep may only be added within 30 days of the Issue Date of your Contract.

There is no charge for Earnings Sweep. You may cancel your Earnings Sweep program using whatever methods you use to change your allocation instructions. You should consult with your Jackson of NY representative with respect to the current availability of Earnings Sweep. Certain restrictions may apply.

Guidance Model Portfolios. The Elite Access Guidance Model Portfolios may be offered to you through your representative at no additional cost to assist in diversifying your investment across various asset classes of the available Investment Divisions (the “Guidance Model Portfolios” or “Models”). The Guidance Model Portfolios allow you to choose from ten Models designed to assist in meeting your stated investment goals. Each Guidance Model Portfolio is comprised of a carefully selected combination of Investment Divisions representing various asset classes. The Models allocate among the various asset classes to attempt to match certain

49

combinations of investors’ investment time horizon and risk tolerance. Please consult your Jackson of NY representative for more information about investment based on the Guidance Model Portfolios.

Electing a Guidance Model Portfolio

Your representative is available to assist you in electing a Guidance Model Portfolio when you purchase your variable annuity or if after Contract issue. You should determine, with the assistance of your representative, as needed, which Model is most appropriate for you based on your financial needs, risk tolerance and investment time horizon. You may request to discontinue the use of a Model by notifying your representative who will advise you on how to execute your decision.

You may also choose to invest gradually into a Guidance Model Portfolio through the Dollar Cost Averaging (DCA) program. Please see “Dollar Cost Averaging” above.

You may invest in more than one Guidance Model Portfolio at a time and also invest in other Investment Divisions that are not part of the Guidance Model Portfolios. If you split your investment in one or more Guidance Model Portfolios, your investment may no longer be consistent with the Guidance Model Portfolio’s intended objectives. Additionally, if you invest in any Investment Divisions in addition to investing in a Guidance Model Portfolio, such an investment may not be or remain consistent with the Guidance Model Portfolio’s intended objectives you selected. Therefore, if you invest in a Guidance Model Portfolio, you should speak with your representative before investing in other Investment Divisions that are not part of the Guidance Model Portfolios.

You may request withdrawals, as permitted by your Contract, which will be taken proportionately from each of the allocations in the selected Guidance Model Portfolio unless otherwise indicated in your withdrawal instructions. If you choose to make a non-proportional withdrawal from the Investment Divisions in the Guidance Model Portfolio, your investment may no longer be consistent with the Guidance Model Portfolio’s intended objectives. Withdrawals may be subject to a withdrawal charge and the usual tax consequences apply.

As further discussed with your representative, you can transfer 100% of your investment from each Guidance Model Portfolio to other Guidance Model Portfolios at any time; you will be transferred into the then current Models available. As a result of your transfer, you will need to update your allocation instructions on file with respect to subsequent Purchase Payments and, if applicable, DCA allocation instructions and Rebalancing instructions, if you want to reflect your new Model selection. Transfers where allocation and balancing instructions are not applicable, such as transfers of partial investments in a Model or transfers to multiple Models will require more detailed accompanying new instructions. Transfers in excess of 15 in a Contract Year may be subject to a charge (see “Transfer Charge” on page 32).

New Guidance Model Portfolios may be configured from time to time. The existing Models will remain unchanged. Thus, once you invest in a Model, the percentages of your Contract Value allocated to each Investment Division within the selected Model will not be changed by us. Any subsequent Purchase Payments will be invested in the same Guidance Model Portfolio as your existing Model and will not be invested in the then current Guidance Model Portfolios allocations, unless we receive specific written instructions to change to a new Guidance Model Portfolio. Your representative can provide you with information regarding the availability and nature of any new Guidance Model Portfolios and your selection of ones that meet your needs and goals. You should speak with your representative about how to keep the Investment Division allocations in your Guidance Model Portfolio in line with your investment goals over time.

Please see “Dollar Cost Averaging” above and “Rebalancing” below.

A subsequent Purchase Payment will be invested in the same Guidance Model Portfolio as your current investment unless we receive different instructions from you. You should consult with your representative to determine if you should update your allocation instructions, DCA target allocation instructions and/or Rebalancing program instructions on file when you make a subsequent Purchase Payment. Consideration of your investment time horizon and other of your investment goals may be relevant to the selection of any or certain Portfolio Guidance Portfolios if you have elected the Liquidity Option.

You can elect to have your investment in the Guidance Model Portfolios rebalanced quarterly, semi-annually, or annually to maintain the target asset allocation among the Investment Divisions of the Model you selected. Over time, the Guidance Model Portfolio you select may no longer align with its original investment objective due to the effects of Investment Division performance and changes in the Investment Division’s investment objectives. Therefore, if you do not elect to have your investment in the Guidance Model Portfolio rebalanced at least annually, then your investment may no longer be consistent with the Guidance Model Portfolio’s intended objectives. In addition, your investment goals, financial situation and risk tolerance may change over time. You should consult with your representative about how to keep your Guidance Model Portfolio’s allocations in line with your investment goals. Finally, changes in investment objectives or management of the underlying Funds invested in by the Investment Divisions in the Models may mean that, over time, the Models no longer are consistent with their original investment goals.

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Important Information about the Guidance Model Portfolios

The Guidance Model Portfolios are not intended as investment advice about investing in the Investment Divisions, and we do not provide investment advice regarding whether a Guidance Model Portfolio should be revised or whether it remains appropriate to invest in accordance with any particular Guidance Model Portfolio. The Guidance Model Portfolios do not guarantee greater or more consistent returns. Future market and asset class performance may differ from the historical performance upon which the Guidance Model Portfolios may have been built. Also, allocation to a single asset class may outperform a Model, so that you could have better investment returns investing in a single asset class than in a Guidance Model Portfolio. However, such a strategy may involve a greater degree of risk because of the concentration of similar securities in a single asset class. Further, there can be no assurance that any Investment Division chosen for a particular Guidance Model Portfolio will perform well or that its performance will closely reflect that of the asset class it is designed to represent.

The Guidance Model Portfolios represent suggested allocations that are provided to you as general guidance through your representative. You should work with your representative in determining if one of the Guidance Model Portfolios meets your financial needs, investment time horizon, and is consistent with your risk tolerance level. Information concerning the specific Guidance Model Portfolios can be obtained from your representative.

We reserve the right to change the Investment Divisions and/or allocations to certain Investment Divisions in each Model to the extent that Investment Divisions or the Funds in which they invest are liquidated, substituted, merged or otherwise reorganized.

We reserve the right to modify, suspend or terminate the Guidance Model Portfolios at any time.

Rebalancing. You can arrange to have us automatically reallocate your Contract Value among Investment Divisions (including Investment Divisions under Guidance Model Portfolios) and the one-year Fixed Account Option (if currently available) periodically to maintain your selected allocation percentages. Rebalancing will terminate if your rebalancing program includes the one-year Fixed Account Option and (i) we impose any transfer restrictions on the one-year Fixed Account Option as discussed in numbered paragraphs 1-4 under “Transfers and Frequent Transfer Restrictions” or (ii) we exercise our right to require that any Premiums allocated to the one-year Fixed Account Option be automatically transferred out of that option over a period of time that we specify. In that case, however, you could re-elect automatic rebalancing without the one-year Fixed Account Option. Rebalancing is consistent with maintaining your allocation of investments among market segments, although it is accomplished by reducing your Contract Value allocated to the better performing Investment Divisions.

There is no charge for Rebalancing. You may cancel your Rebalancing program using whatever methods you use to change your allocation instructions. You should consult with your Jackson of NY representative with respect to the current availability of Rebalancing. Certain restrictions may apply.

Free Look. You may return your Contract to the selling agent or us within twenty days after receiving it. Upon receipt of your Contract, we will refund the full Premium allocated to the Fixed Accounts less any withdrawals from the Fixed Accounts including any fees or other charges, plus Contract Value in the Investment Divisions.

We will determine the Contract Value in the Investment Divisions as of the date the Contract is mailed to the Company or the date you return it to the selling agent. We will return Premium payments where required by law. We will pay the applicable free look proceeds within seven days of a request in Good Order. If a Purchase Payment made by personal check or electronic draft is received within the five days preceding a free look request, we may delay payment of the free look proceeds up to seven days after the date of the request, to ensure the check or electronic draft is not returned due to insufficient funds.

Advertising. From time to time, we may advertise several types of performance of the Investment Divisions.

•
Total return is the overall change in the value of an investment in an Investment Division over a given period of time.

•
Standardized average annual total return is calculated in accordance with SEC guidelines.

•
Non-standardized total return may be for periods other than those required by, or may otherwise differ from, standardized average annual total return. For example, if a Fund has been in existence longer than the Investment Division, we may show non-standardized performance for periods that begin on the inception date of the Fund, rather than the inception date of the Investment Division.


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•
Yield refers to the income generated by an investment over a given period of time.

Performance will be calculated by determining the percentage change in the value of an Accumulation Unit by dividing the increase (decrease) for that unit by the value of the Accumulation Unit at the beginning of the period. Performance will reflect the deduction of the mortality and expense risk and administration charges and may reflect the deduction of the annual contract maintenance and withdrawal charges.

Modification of Your Contract. Only our President, Vice President, Secretary or Assistant Secretary may approve a change to or waive a provision of your Contract. Any change or waiver must be in writing. We may change the terms of your Contract without your consent in order to comply with changes in applicable law, or otherwise as we deem necessary.

Confirmation of Transactions. We will send you a written statement confirming that a financial transaction, such as a Premium payment, withdrawal, or transfer has been completed. This confirmation statement will provide details about the transaction. Certain transactions which are made on a periodic or systematic basis will be confirmed in a quarterly statement only.

It is important that you carefully review the information contained in the statements that confirm your transactions. If you believe an error has occurred you must notify us in writing within 30 days of receipt of the statement so we can make any appropriate adjustments. If we do not receive notice of any such potential error, we may not be responsible for correcting the error.

Legal Proceedings. Jackson National Life Insurance Company (Jackson of NY's parent) and its subsidiaries are defendants in class actions and a number of civil proceedings arising in the ordinary course of business. We do not believe at the present time that any pending action or proceeding will have a material adverse effect upon the Separate Account, Jackson of NY’s ability to meet its obligations under the Contracts, or Jackson National Life Distributors LLC’s ability to perform its contract with the Separate Account.




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TABLE OF CONTENTS OF
THE STATEMENT OF ADDITIONAL INFORMATION
General Information and History
 
Services
 
Purchase of Securities Being Offered
 
Underwriters
 
Calculation of Performance
 
Additional Tax Information
 
Annuity Provisions
 
Net Investment Factor
 
Condensed Financial Information
 
Financial Statements of the Separate Account
 
Financial Statements of Jackson of NY
 


STATEMENT OF ADDITIONAL INFORMATION REQUEST FORM
To obtain any of the following Statements of Additional Information (SAIs), please complete the form below and mail to:

Jackson of NY® 
P . O . Box 30 900
Lansing, MI 48909- 8400
You can also request a copy of any of the following SAIs by calling our Jackson of NY Service Center at 1-800-599-5651.
 
Please send me a copy of the current SAI for (check all that apply):

q
Elite Access® Brokerage Edition Variable and Fixed Annuity (NMV12792NY)
q
JNL® Series Trust (V3180)
q
JNL Variable Fund LLC (V3670)
q
Jackson Variable Series Trust (CMV8711)
q
American Funds Insurance Series (CMX5460)
Please Print:
Name: ______________________________________________________________________________________________________
Address: ____________________________________________________________________________________________________
City: ____________________________ State: _________________________________ Zip Code: ___________________________
Date: ___________ /______________/_________ Signed: ____________________________________________________________

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APPENDIX A
TRADEMARKS, SERVICE MARKS, AND RELATED DISCLOSURES

“JNL®,” “Jackson National®,” “Jackson®”,” “Jackson of NY®” and “Jackson National Life Insurance Company of New York®” are trademarks of Jackson National Life Insurance Company®.

The “S&P 500 Index,” “S&P MidCap 400 Index,” “S&P SmallCap 600 Index,” “Dow Jones Industrial Average,” and “Dow Jones Brookfield Global Infrastructure Index,” “STANDARD & POOR’S®,” “S&P®,” “S&P 500®,” “S&P MIDCAP 400 Index®,” “STANDARD & POOR’S MIDCAP 400 Index®,” “S&P SmallCap 600 Index®” and “STANDARD & POOR’S 500®” (collectively, the “Indices”) are products of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”), and has been licensed for use by Jackson National Life Insurance Company (“Jackson”). “Dow Jones®”, “Dow Jones Industrial Average”, “DJIA®”, “The Dow®” , and "The Dow 10" are service and/or trademarks of Dow Jones Trademark Holdings, LLC (“Dow Jones”) and have been licensed to SPDJI and have been sub-licensed for use for certain purposes by Jackson National Life Insurance Company® (“Jackson”).

The Dow Jones Brookfield Global Infrastructure Index is calculated by SPDJI pursuant to an agreement with Brookfield Redding, Inc. (together with its affiliates, “Brookfield”) and has been licensed for use. Standard & Poor’s®, S&P® and S&P 500®, S&P MidCap 400® and S&P SmallCap 600® are registered trademarks of Standard & Poor’s Financial Services LLC; Brookfield® is a registered trademark of Brookfield Asset Management, Inc.; and the foregoing trademarks have been licensed by SPDJI for use.

The JNL/Mellon Capital S&P® SMid 60 Fund, JNL/Mellon Capital S&P 500 Index Fund, JNL/Mellon Capital S&P 400 MidCap Index Fund, JNL/Mellon Capital Small Cap Index Fund, JNL/Brookfield Global Infrastructure and MLP Fund , JNL/Mellon Capital Dow SM Index Fund, and JNL/Mellon Capital JNL 5 Fund (collectively, the “Products”) are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, Standard & Poor’s Financial Services LLC, Brookfield or any of their respective affiliates (collectively, “S&P Dow Jones Indices”).

S&P Dow Jones Indices makes no representation or warranty, express or implied, to the owners of the Products or any member of the public regarding the advisability of investing in securities generally or in the Products particularly or the ability of the Indices to track general market performance. S&P Dow Jones Indices’ only relationship to Jackson with respect to the Indices or the Products is the licensing of the Indices and certain trademarks, service marks and/or trade names of S&P Dow Jones Indices and/or its licensors. The Indices are determined, composed and calculated by S&P Dow Jones Indices without regard to Jackson or the Products. S&P Dow Jones Indices have no obligation to take the needs of Jackson or the owners of the Products into consideration in determining, composing or calculating the Indices. S&P Dow Jones Indices are not responsible for and have not participated in the determination of the prices, and amount of the Products or the timing of the issuance or sale of the Products in the determination or calculation of the equation by which the Products are to be converted into cash, surrendered or redeemed, as the case may be. S&P Dow Jones Indices have no obligation or liability in connection with the administration, marketing or trading of the Products. There is no assurance that investment products based on the Indices will accurately track index performance or provide positive investment returns. S&P Dow Jones Indices LLC is not an investment adviser. Inclusion of a security within an index is not a recommendation by S&P Dow Jones Indices to buy, sell, or hold such security, nor is it considered to be investment advice. Notwithstanding the foregoing, CME Group Inc. and its affiliates may independently issue and/or sponsor financial products unrelated to Products currently being issued by Jackson , but which may be similar to and competitive with Products. In addition, CME Group Inc. and its affiliates may trade financial products which are linked to the performance of the Index.

Dow Jones, SPDJI and their respective affiliates do not:
•
Sponsor, endorse, sell or promote the Products.
•
Recommend that any person invest in the Products.
•
Have any responsibility or liability for or make any decisions about the timing, amount or pricing of the Products.
•
Have any responsibility or liability for the administration, management or marketing of the Products.
•
Consider the needs of the Products or the owners of the Products in determining, composing or calculating the Indexes or have any obligation to do so.
Dow Jones, SPDJI and their respective affiliates will not have any liability in connection with the Products. Specifically,

•    Dow Jones, SPDJI and their respective affiliates do not make any warranty, express or implied, and Dow Jones, SPDJI and their respective affiliates disclaim any warranty about:


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•    The results to be obtained by the Products, the owners of the Products or any other person in connection with the use of the DJIA and the data included in the Indexes;

 
•    The accuracy or completeness of the Indexes and its data;

 
•    The merchantability and the fitness for a particular purpose or use of the Indexes and its data;

•    Dow Jones, SPDJI and/or their respective affiliates will have no liability for any errors, omissions or interruptions in the Indexes or its data;

•    Under no circumstances will Dow Jones, SPDJI and/or their respective affiliates be liable for any lost profits or indirect, punitive, special or consequential damages or losses, even if they know that they might occur.

The licensing agreement relating to the use of the Indexes and trademarks referred to above by Jackson and SPDJI is solely for the benefit of the Products and not for any other third parties.


S&P DOW JONES INDICES DO NOT GUARANTEE THE ADEQUACY, ACCURACY, TIMELINESS AND/OR THE COMPLETENESS OF THE INDICES OR ANY DATA RELATED THERETO OR ANY COMMUNICATION, INCLUDING BUT NOT LIMITED TO, ORAL OR WRITTEN COMMUNICATION (INCLUDING ELECTRONIC COMMUNICATIONS) WITH RESPECT THERETO. S&P DOW JONES INDICES SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS, OR DELAYS IN CALCULATING THE INDICES. S&P DOW JONES INDICES MAKE NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES, OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE OR AS TO RESULTS TO BE OBTAINED BY JACKSON OR OWNERS OF THE PRODUCTS, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE INDICES OR WITH RESPECT TO ANY DATA RELATED THERETO. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL S&P DOW JONES INDICES BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES INCLUDING BUT NOT LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST TIME OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE. THERE ARE NO THIRD PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN S&P DOW JONES INDICES AND JACKSON, OTHER THAN THE LICENSORS OF S&P DOW JONES INDICES.

SPDR® is a registered trademark of Standard & Poor’s Financial Services LLC.

The following applies to the JNL/S&P Competitive Advantage Fund, JNL/S&P Dividend Income & Growth Fund, JNL/S&P Total Yield Fund, JNL/S&P Intrinsic Value Fund, JNL/S&P International 5 Fund, JNL/S&P 4 Fund, and JNL/S&P Mid 3 Fund.

STANDARD & POOR’S ® , S&P ® , S&P 500 ® and, S&P MIDCAP 400 ® are registered trademarks of S&P Global Market Intelligence Inc. or its affiliates and have been licensed for use by Jackson National Life Insurance Company. Standard & Poor’s Investment Advisory Services LLC (“SPIAS”) is a part of S&P Global Market Intelligence. Certain portfolios herein are sub-advised by SPIAS, a registered investment adviser and a wholly owned subsidiary of S&P Global Inc. SPIAS does not provide advice to underlying clients of the firms to which it provides services. SPIAS does not act as a “fiduciary” or as an “investment manager,” as defined under ERISA, to any investor. SPIAS is not responsible for client suitability.

Programs and products of the firms to which SPIAS provides services are not endorsed, sold or promoted by SPIAS and its affiliates, and SPIAS and its affiliates make no representation regarding the advisability of investing in those programs and products. With respect to the asset allocations and investments recommended by SPIAS in this document, investors should realize that such information is provided to Jackson National Asset Management, LLC only as a general recommendation. There is no agreement or understanding whatsoever that SPIAS will provide individualized advice to any investor. The underlying funds of the JNL/S&P 4 Fund are sub-advised by SPIAS. SPIAS does not sub-advise the JNL/S&P 4 Fund. SPIAS does not take into account any information about any investor or any investor’s assets when providing investment advisory services to firms to which SPIAS provides services. SPIAS does not have any discretionary authority or control with respect to purchasing or selling securities or making other investments. Individual investors should ultimately rely on their own judgment and/or the judgment of a representative in making their investment decisions.

SPIAS and its affiliates (collectively, S&P Global) and any third-party providers, as well as their directors, officers, shareholders, employees or agents (collectively S&P Global Parties) do not guarantee the accuracy, completeness, timeliness or availability of the Content. S&P Global Parties are not responsible for any errors or omissions (negligent or otherwise), regardless of the cause, for the results obtained from the use of the Content, or for the security or maintenance of any data input by the user. The Content is provided on an “as is” basis. S&P GLOBAL PARTIES DISCLAIM ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, FREEDOM FROM

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BUGS, SOFTWARE ERRORS OR DEFECTS, THAT THE CONTENT’S FUNCTIONING WILL BE UNINTERRUPTED OR THAT THE CONTENT WILL OPERATE WITH ANY SOFTWARE OR HARDWARE CONFIGURATION. In no event shall S&P Global Parties be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees, or losses (including, without limitation, lost income or lost profits and opportunity costs or losses caused by negligence) in connection with any use of the Content even if advised of the possibility of such damages.

While SPIAS has obtained information from sources it believes to be reliable, SPIAS does not perform an audit and undertakes no duty of due diligence or independent verification of any information it receives.

S&P Global keeps certain activities of its divisions separate from each other in order to preserve the independence and objectivity of their respective activities. As a result, certain divisions of S&P Global may have information that is not available to other S&P Global divisions. S&P Global has established policies and procedures to maintain the confidentiality of certain non-public information received in connection with each analytical process.

S&P Global Ratings does not contribute to or participate in the provision of investment advice. S&P Global Ratings may receive compensation for its ratings and certain analyses, normally from issuers or underwriters of securities or from obligors. S&P Global reserves the right to disseminate its opinions and analyses. S&P Global's public ratings and analyses are made available on its Web sites, www.standardandpoors.com (free of charge), and www.ratingsdirect.com and www.globalcreditportal.com (subscription), and may be distributed through other means, including via S&P Global publications and third-party redistributors. Additional information about our ratings fees is available at www.standardandpoors.com/usratingsfees.

S&P Global Market Intelligence and its affiliates provide a wide range of services to, or relating to, many organizations, including issuers of securities, investment advisers, broker-dealers, investment banks, other financial institutions and financial intermediaries, and accordingly may receive fees or other economic benefits from those organizations, including organizations whose securities or services they may recommend, rate, include in model portfolios, evaluate or otherwise address. SPIAS may consider research and other information from affiliates in making its investment recommendations.

SPIAS may consider research and other information from affiliates in making its investment recommendations. The investment policies of certain model portfolios specifically state that among the information SPIAS will consider in evaluating a security are the credit ratings assigned by S&P Global Ratings. SPIAS does not consider the ratings assigned by other credit rating agencies. Credit rating criteria and scales may differ among credit rating agencies. Ratings assigned by other credit rating agencies may reflect more or less favorable opinions of creditworthiness than ratings assigned by S&P Global Ratings.

The Funds are not sponsored, endorsed, sold or promoted by S&P and its affiliates and S&P and its affiliates make no representation regarding the advisability of investing in the Funds.

Goldman Sachs is a registered service mark of Goldman, Sachs & Co.

DoubleLine is a registered service mark of DoubleLine Capital LP.

The Product(s) is not sponsored, endorsed, sold or promoted by The Nasdaq Stock Market, Inc. (including its affiliates) (Nasdaq, with its affiliates, are referred to as the Corporations).  The Corporations have not passed on the legality or suitability of, or the accuracy or adequacy of descriptions and disclosures relating to, the Product(s).  The Corporations make no representation or warranty, express or implied to the owners of the Product(s) or any member of the public regarding the advisability of investing in securities generally or in the Product(s) particularly, or the ability of the Nasdaq-100 Index® to track general stock market performance.  The Corporations' only relationship to Jackson (Licensee) is in the licensing of the Nasdaq-100®, Nasdaq-100 Index®, and Nasdaq® trademarks or service marks, and certain trade names of the Corporations and the use of the Nasdaq-100 Index® which is determined, composed and calculated by Nasdaq without regard to Licensee or the Product(s).  Nasdaq has no obligation to take the needs of the Licensee or the owners of the Product(s) into consideration in determining, composing or calculating the Nasdaq-100 Index®. The Corporations are not responsible for and have not participated in the determination of the timing of, prices at, or quantities of the Product(s) to be issued or in the determination or calculation of the equation by which the Product(s) is to be converted into cash.  The Corporations have no liability in connection with the administration, marketing or trading of the Product(s).

THE CORPORATIONS DO NOT GUARANTEE THE ACCURACY AND/OR UNINTERRUPTED CALCULATION OF THE NASDAQ-100 INDEX® OR ANY DATA INCLUDED THEREIN.  THE CORPORATIONS MAKE NO WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY LICENSEE, OWNERS OF THE PRODUCT(S), OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE NASDAQ-100 INDEX® OR ANY DATA INCLUDED THEREIN.  THE CORPORATIONS MAKE NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIM ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE NASDAQ-100 INDEX® OR ANY DATA INCLUDED THEREIN.  WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL

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THE CORPORATIONS HAVE ANY LIABILITY FOR ANY LOST PROFITS OR SPECIAL, INCIDENTAL, PUNITIVE, INDIRECT, OR CONSEQUENTIAL DAMAGES, EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.

“The Nasdaq-100®,” “Nasdaq-100 Index®,” “Nasdaq Stock Market®” and “Nasdaq®” are trade or service marks of The Nasdaq, Inc. (which with its affiliates are the “Corporations”) and have been licensed for use by Jackson.  The Corporations have not passed on the legality or suitability of the JNL/Mellon Capital Nasdaq® 100 Fund .  The JNL/Mellon Capital Nasdaq® 100 Fund is not issued, endorsed, sponsored, managed, sold or promoted by the Corporations.  THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE JNL/MELLON CAPITAL NASDAQ® 100 FUND.

THE JNL/MELLON CAPITAL INTERNATIONAL INDEX FUND, THE JNL/MELLON CAPITAL EMERGING MARKETS INDEX FUND, THE JNL/MELLON CAPITAL MSCI KLD 400 SOCIAL INDEX FUND, THE JNL/MELLON CAPITAL UTILITIES SECTOR FUND, THE JNL/MELLON CAPITAL COMMUNICATIONS SECTOR FUND, THE JNL/MELLON CAPITAL CONSUMER BRANDS SECTOR FUND, THE JNL/MELLON CAPITAL FINANCIAL SECTOR FUND, THE JNL/MELLON CAPITAL HEALTHCARE SECTOR FUND, THE JNL/MELLON CAPITAL OIL & GAS SECTOR FUND OR THE JNL/MELLON CAPITAL TECHNOLOGY SECTOR FUND ARE NOT SPONSORED, ENDORSED, SOLD OR PROMOTED BY MSCI INC. (“MSCI”), ANY OF ITS AFFILIATES, ANY OF ITS INFORMATION PROVIDERS OR ANY OTHER THIRD PARTY INVOLVED IN, OR RELATED TO, COMPILING, COMPUTING OR CREATING ANY MSCI INDEX (COLLECTIVELY, THE “MSCI PARTIES”).  THE MSCI INDEXES ARE THE EXCLUSIVE PROPERTY OF MSCI.  MSCI AND THE MSCI INDEX NAMES ARE SERVICE MARK(S) OF MSCI OR ITS AFFILIATES AND HAVE BEEN LICENSED FOR USE FOR CERTAIN PURPOSES BY JACKSON NATIONAL ASSET MANAGEMENT, LLC.  NONE OF THE MSCI PARTIES MAKES ANY REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, TO THE ISSUER OR OWNERS OF THE JNL/MELLON CAPITAL INTERNATIONAL INDEX FUND, THE JNL/MELLON CAPITAL EMERGING MARKETS INDEX FUND, THE JNL/MELLON CAPITAL MSCI KLD 400 SOCIAL INDEX FUND, THE JNL/MELLON CAPITAL UTILITIES SECTOR FUND, THE JNL/MELLON CAPITAL COMMUNICATIONS SECTOR FUND, THE JNL/MELLON CAPITAL CONSUMER BRANDS SECTOR FUND, THE JNL/MELLON CAPITAL FINANCIAL SECTOR FUND, THE JNL/MELLON CAPITAL HEALTHCARE SECTOR FUND, THE JNL/MELLON CAPITAL OIL & GAS SECTOR FUND OR THE JNL/MELLON CAPITAL TECHNOLOGY SECTOR FUND OR ANY OTHER PERSON OR ENTITY REGARDING THE ADVISABILITY OF INVESTING IN FUNDS GENERALLY OR IN THE JNL/MELLON CAPITAL INTERNATIONAL INDEX FUND, THE JNL/MELLON CAPITAL UTILITIES SECTOR FUND, THE JNL/MELLON CAPITAL COMMUNICATIONS SECTOR FUND, THE JNL/MELLON CAPITAL CONSUMER BRANDS SECTOR FUND, THE JNL/MELLON CAPITAL FINANCIAL SECTOR FUND, THE JNL/MELLON CAPITAL HEALTHCARE SECTOR FUND, THE JNL/MELLON CAPITAL OIL & GAS SECTOR FUND OR THE JNL/MELLON CAPITAL TECHNOLOGY SECTOR FUND PARTICULARLY OR THE ABILITY OF ANY MSCI INDEX TO TRACK CORRESPONDING STOCK MARKET PERFORMANCE.  MSCI OR ITS AFFILIATES ARE THE LICENSORS OF CERTAIN TRADEMARKS, SERVICE MARKS AND TRADE NAMES AND OF THE MSCI INDEXES WHICH ARE DETERMINED, COMPOSED AND CALCULATED BY MSCI WITHOUT REGARD TO THE JNL/MELLON CAPITAL INTERNATIONAL INDEX FUND , THE JNL/MELLON CAPITAL EMERGING MARKETS INDEX FUND , OR THE JNL/MELLON CAPITAL MSCI KLD 400 SOCIAL INDEX FUND OR THE ISSUER OR OWNERS OF THE JNL/MELLON CAPITAL INTERNATIONAL INDEX FUND, THE JNL/MELLON CAPITAL EMERGING MARKETS INDEX FUND, THE JNL/MELLON CAPITAL MSCI KLD 400 SOCIAL INDEX FUND, THE JNL/MELLON CAPITAL UTILITIES SECTOR FUND, THE JNL/MELLON CAPITAL COMMUNICATIONS SECTOR FUND, THE JNL/MELLON CAPITAL CONSUMER BRANDS SECTOR FUND, THE JNL/MELLON CAPITAL FINANCIAL SECTOR FUND, THE JNL/MELLON CAPITAL HEALTHCARE SECTOR FUND, THE JNL/MELLON CAPITAL OIL & GAS SECTOR FUND OR THE JNL/MELLON CAPITAL TECHNOLOGY SECTOR FUND OR ANY OTHER PERSON OR ENTITY.  NONE OF THE MSCI PARTIES HAS ANY OBLIGATION TO TAKE THE NEEDS OF THE ISSUER OR OWNERS OF THE JNL/MELLON CAPITAL INTERNATIONAL INDEX FUND, THE JNL/MELLON CAPITAL EMERGING MARKETS INDEX FUND, THE JNL/MELLON CAPITAL MSCI KLD 400 SOCIAL INDEX FUND, THE JNL/MELLON CAPITAL UTILITIES SECTOR FUND, THE JNL/MELLON CAPITAL COMMUNICATIONS SECTOR FUND, THE JNL/MELLON CAPITAL CONSUMER BRANDS SECTOR FUND, THE JNL/MELLON CAPITAL FINANCIAL SECTOR FUND, THE JNL/MELLON CAPITAL HEALTHCARE SECTOR FUND, THE JNL/MELLON CAPITAL OIL & GAS SECTOR FUND OR THE JNL/MELLON CAPITAL TECHNOLOGY SECTOR FUND OR ANY OTHER PERSON OR ENTITY INTO CONSIDERATION IN DETERMINING, COMPOSING OR CALCULATING THE MSCI INDEXES.  NONE OF THE MSCI PARTIES IS RESPONSIBLE FOR OR HAS PARTICIPATED IN THE DETERMINATION OF THE TIMING OF, PRICES AT, OR QUANTITIES OF THE JNL/MELLON CAPITAL INTERNATIONAL INDEX FUND, THE JNL/MELLON CAPITAL EMERGING MARKETS INDEX FUND, THE JNL/MELLON CAPITAL MSCI KLD 400 SOCIAL INDEX FUND, THE JNL/MELLON CAPITAL UTILITIES SECTOR FUND, THE JNL/MELLON CAPITAL COMMUNICATIONS SECTOR FUND, THE JNL/MELLON CAPITAL CONSUMER BRANDS SECTOR FUND, THE JNL/MELLON CAPITAL FINANCIAL SECTOR FUND, THE JNL/MELLON CAPITAL HEALTHCARE SECTOR FUND, THE JNL/MELLON CAPITAL OIL & GAS SECTOR FUND OR THE JNL/MELLON CAPITAL TECHNOLOGY SECTOR FUND TO BE ISSUED OR IN THE DETERMINATION OR CALCULATION OF THE EQUATION BY OR THE CONSIDERATION INTO WHICH THE JNL/MELLON CAPITAL INTERNATIONAL INDEX FUND, THE JNL/MELLON CAPITAL EMERGING MARKETS INDEX FUND, THE JNL/MELLON CAPITAL MSCI KLD 400 SOCIAL INDEX FUND, THE JNL/MELLON CAPITAL UTILITIES SECTOR FUND, THE JNL/MELLON CAPITAL COMMUNICATIONS SECTOR FUND, THE JNL/MELLON CAPITAL CONSUMER BRANDS SECTOR FUND, THE JNL/MELLON CAPITAL FINANCIAL

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SECTOR FUND, THE JNL/MELLON CAPITAL HEALTHCARE SECTOR FUND, THE JNL/MELLON CAPITAL OIL & GAS SECTOR FUND OR THE JNL/MELLON CAPITAL TECHNOLOGY SECTOR FUND IS REDEEMABLE.  FURTHER, NONE OF THE MSCI PARTIES HAS ANY OBLIGATION OR LIABILITY TO THE ISSUER OR OWNERS OF THE JNL/MELLON CAPITAL INTERNATIONAL INDEX FUND, THE JNL/MELLON CAPITAL EMERGING MARKETS INDEX FUND, THE JNL/MELLON CAPITAL MSCI KLD 400 SOCIAL INDEX FUND, THE JNL/MELLON CAPITAL UTILITIES SECTOR FUND, THE JNL/MELLON CAPITAL COMMUNICATIONS SECTOR FUND, THE JNL/MELLON CAPITAL CONSUMER BRANDS SECTOR FUND, THE JNL/MELLON CAPITAL FINANCIAL SECTOR FUND, THE JNL/MELLON CAPITAL HEALTHCARE SECTOR FUND, THE JNL/MELLON CAPITAL OIL & GAS SECTOR FUND OR THE JNL/MELLON CAPITAL TECHNOLOGY SECTOR FUND OR ANY OTHER PERSON OR ENTITY IN CONNECTION WITH THE ADMINISTRATION, MARKETING OR OFFERING OF THE JNL/MELLON CAPITAL INTERNATIONAL INDEX FUND, THE JNL/MELLON CAPITAL EMERGING MARKETS INDEX FUND, THE JNL/MELLON CAPITAL MSCI KLD 400 SOCIAL INDEX FUND, THE JNL/MELLON CAPITAL UTILITIES SECTOR FUND, THE JNL/MELLON CAPITAL COMMUNICATIONS SECTOR FUND, THE JNL/MELLON CAPITAL CONSUMER BRANDS SECTOR FUND, THE JNL/MELLON CAPITAL FINANCIAL SECTOR FUND, THE JNL/MELLON CAPITAL HEALTHCARE SECTOR FUND, THE JNL/MELLON CAPITAL OIL & GAS SECTOR FUND OR THE JNL/MELLON CAPITAL TECHNOLOGY SECTOR FUND.

ALTHOUGH MSCI SHALL OBTAIN INFORMATION FOR INCLUSION IN OR FOR USE IN THE CALCULATION OF THE MSCI INDEXES FROM SOURCES THAT MSCI CONSIDERS RELIABLE, NONE OF THE MSCI PARTIES WARRANTS OR GUARANTEES THE ORIGINALITY, ACCURACY AND/OR THE COMPLETENESS OF ANY MSCI INDEX OR ANY DATA INCLUDED THEREIN.  NONE OF THE MSCI PARTIES MAKES ANY WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY THE ISSUER OF THE JNL/MELLON CAPITAL INTERNATIONAL INDEX FUND, THE JNL/MELLON CAPITAL EMERGING MARKETS INDEX FUND, THE JNL/MELLON CAPITAL MSCI KLD 400 SOCIAL INDEX FUND, THE JNL/MELLON CAPITAL UTILITIES SECTOR FUND, THE JNL/MELLON CAPITAL COMMUNICATIONS SECTOR FUND, THE JNL/MELLON CAPITAL CONSUMER BRANDS SECTOR FUND, THE JNL/MELLON CAPITAL FINANCIAL SECTOR FUND, THE JNL/MELLON CAPITAL HEALTHCARE SECTOR FUND, THE JNL/MELLON CAPITAL OIL & GAS SECTOR FUND OR THE JNL/MELLON CAPITAL TECHNOLOGY SECTOR FUND, OWNERS OF THE JNL/MELLON CAPITAL INTERNATIONAL INDEX FUND, THE JNL/MELLON CAPITAL EMERGING MARKETS INDEX FUND, THE JNL/MELLON CAPITAL MSCI KLD 400 SOCIAL INDEX FUND, THE JNL/MELLON CAPITAL UTILITIES SECTOR FUND, THE JNL/MELLON CAPITAL COMMUNICATIONS SECTOR FUND, THE JNL/MELLON CAPITAL CONSUMER BRANDS SECTOR FUND, THE JNL/MELLON CAPITAL FINANCIAL SECTOR FUND, THE JNL/MELLON CAPITAL HEALTHCARE SECTOR FUND, THE JNL/MELLON CAPITAL OIL & GAS SECTOR FUND OR THE JNL/MELLON CAPITAL TECHNOLOGY SECTOR FUND, OR ANY OTHER PERSON OR ENTITY, FROM THE USE OF ANY MSCI INDEX OR ANY DATA INCLUDED THEREIN.  NONE OF THE MSCI PARTIES SHALL HAVE ANY LIABILITY FOR ANY ERRORS, OMISSIONS OR INTERRUPTIONS OF OR IN CONNECTION WITH ANY MSCI INDEX OR ANY DATA INCLUDED THEREIN. FURTHER, NONE OF THE MSCI PARTIES MAKES ANY EXPRESS OR IMPLIED WARRANTIES OF ANY KIND, AND THE MSCI PARTIES HEREBY EXPRESSLY DISCLAIM ALL WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE, WITH RESPECT TO EACH MSCI INDEX AND ANY DATA INCLUDED THEREIN.  WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL ANY OF THE MSCI PARTIES HAVE ANY LIABILITY FOR ANY DIRECT, INDIRECT, SPECIAL, PUNITIVE, CONSEQUENTIAL OR ANY OTHER DAMAGES (INCLUDING LOST PROFITS) EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.

Barclays Capital Inc. and its affiliates (“Barclays”) is not the issuer or producer of JNL/DoubleLine® Shiller Enhanced CAPE® Fund and Barclays has no responsibilities, obligations or duties to investors in JNL/DoubleLine® Shiller Enhanced CAPE® Fund. The Shiller Barclays CAPE™ US Sector ER USD Index is a trademark owned by Barclays Bank PLC and licensed for use by JNL Series Trust (“JNLST”) as the Issuer of JNL/DoubleLine® Shiller Enhanced CAPE® Fund. Barclays only relationship with the Issuer in respect of Shiller Barclays CAPE™ US Sector ER USD Index is the licensing of the Shiller Barclays CAPE™ US Sector ER USD Index which is determined, composed and calculated by Barclays without regard to the Issuer or the JNL/DoubleLine® Shiller Enhanced CAPE® Fund or the owners of the JNL/DoubleLine® Shiller Enhanced CAPE® Fund. Additionally, JNLST or JNL/DoubleLine® Shiller Enhanced CAPE® Fund may for itself execute transaction(s) with Barclays in or relating to the Shiller Barclays CAPE™ US Sector ER USD Index in connection with JNL/DoubleLine® Shiller Enhanced CAPE® Fund investors acquire JNL/DoubleLine® Shiller Enhanced CAPE® Fund from JNLST and investors neither acquire any interest in Shiller Barclays CAPE™ US Sector ER USD Index nor enter into any relationship of any kind whatsoever with Barclays upon making an investment in JNL/DoubleLine® Shiller Enhanced CAPE® Fund. The JNL/DoubleLine® Shiller Enhanced CAPE® Fund is not sponsored, endorsed, sold or promoted by Barclays. Barclays does not make any representation or warranty, express or implied regarding the advisability of investing in the JNL/DoubleLine® Shiller Enhanced CAPE® Fund or the advisability of investing in securities generally or the ability of the Shiller Barclays CAPE™ US Sector ER USD Index to track corresponding or relative market performance.  Barclays has not passed on the legality or suitability of the JNL/DoubleLine® Shiller Enhanced CAPE® Fund with respect to any person or entity. Barclays is not responsible for and has not participated in the determination of the timing of, prices at, or quantities of the JNL/DoubleLine® Shiller Enhanced CAPE® Fund to be issued.  Barclays has no obligation to take the needs of the Issuer or the owners of the JNL/DoubleLine® Shiller Enhanced CAPE® Fund or any other third party into

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consideration in determining, composing or calculating the Shiller Barclays CAPE™ US Sector ER USD Index Barclays has no obligation or liability in connection with administration, marketing or trading of the JNL/DoubleLine® Shiller Enhanced CAPE® Fund.

The licensing agreement between JNLST and Barclays is solely for the benefit of JNLST and Barclays and not for the benefit of the owners of the JNL/DoubleLine® Shiller Enhanced CAPE® Fund, investors or other third parties.

BARCLAYS SHALL HAVE NO LIABILITY TO THE ISSUER, INVESTORS OR TO OTHER THIRD PARTIES FOR THE QUALITY, ACCURACY AND/OR COMPLETENESS OF THE Shiller Barclays CAPE™ US Sector ER USD Index OR ANY DATA INCLUDED THEREIN OR FOR INTERRUPTIONS IN THE DELIVERY OF THE Shiller Barclays CAPE™ US Sector ER USD Index. BARCLAYS MAKES NO WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY THE ISSUER, THE INVESTORS OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE Shiller Barclays CAPE™ US Sector ER USD Index OR ANY DATA INCLUDED THEREIN.  BARCLAYS MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND HEREBY EXPRESSLY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE Shiller Barclays CAPE™ US Sector ER USD Index OR ANY DATA INCLUDED THEREIN. BARCLAYS RESERVES THE RIGHT TO CHANGE THE METHODS OF CALCULATION OR PUBLICATION, OR TO CEASE THE CALCULATION OR PUBLICATION OF THE Shiller Barclays CAPETM US Sector ER USD Index, AND BARCLAYS SHALL NOT BE LIABLE FOR ANY MISCALCULATION OF OR ANY INCORRECT, DELAYED OR INTERRUPTED PUBLICATION WITH RESPECT TO ANY OF THE Shiller Barclays CAPE™ US Sector ER USD Index BARCLAYS SHALL NOT BE LIABLE FOR ANY DAMAGES, INCLUDING, WITHOUT LIMITATION, ANY SPECIAL, INDIRECT OR CONSEQUENTIAL DAMAGES, OR ANY LOST PROFITS AND EVEN IF ADVISED OF THE POSSIBILITY OF SUCH, RESULTING FROM THE USE OF THE Shiller Barclays CAPE™ US Sector ER USD Index OR ANY DATA INCLUDED THEREIN OR WITH RESPECT TO THE JNL/DOUBLELINE SHILLER ENHANCED CAPE FUND.

None of the information supplied by Barclays Bank PLC and used in this publication may be reproduced in any manner without the prior written permission of Barclays Capital, the investment banking division of Barclays Bank PLC. Barclays Bank PLC is registered in England No. 1026167. Registered office 1 Churchill Place London E l 4 5HP.


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APPENDIX B

FINANCIAL INSTITUTION SUPPORT

Below is a complete list of Financial Institutions that received marketing and distribution and/or administrative support in 2016 from the Distributor and/or Jackson of NY or our affiliates in relation to the sale of Jackson and Jackson of NY variable insurance products.

1st Global Capital Corporation
Cadaret, Grant & Co., Inc.
David A. Noyes & Co.
Accelerated Capital Group, Inc.
Calton & Associates, Inc.
Dempsey Lord Smith, LLC
Advisory Group Equity Services, Ltd.
Cambridge Investment Research, Inc.
Dominion Investor Services
Allegheny Investments, Ltd.
Cantella & Company, Inc.
Dorsey and Company, Inc.
Allegiance Capital, LLC
Cape Securities, Inc.
Dougherty & Company, Inc.
Allegis Investment Services
Capfinancial Securities, Inc.
Duncan Williams, Inc.
Allen & Company of Florida, Inc.
Capital City Securities
EDI Financial, Inc.
Allied Beacon Partners, Inc.
Capital Financial Services
Edward Jones & Company
American Capital
Capital Investment Group, Inc.
Equable Securities Corporation
American Equity Investment Corp
Capital One Securities
Equity Services, Inc.
American Independent Securities Group, LLC
Capitol Securities Management, Inc.
Essex National Securities, Inc.
American Portfolios Financial Services, Inc.
Cary Street Partners, LLC
Feltl and Company
Ameriprise Advisor Services, Inc.
CBIZ Financial Solutions
Fifth Third Securities
Ameritas Investment Corporation
CCF Investments, Inc.
Financial Security Management
Arete Wealth Management, LLC
Centaurus Financial, Inc.
Financial West Investment Group
Arque Capital, Ltd.
Center Street Securities, Inc.
First Allied Securities, Inc.
Arvest Asset Management
Century Securities & Associates, Inc.
First Brokerage America, LLC
Associated Insurance Services
Ceros Financial Services, Inc.
First Citizens Investor Services
Aurora Capital, LLC
Cetera Advisor Networks, LLC
First Financial Equity Corporation
Ausdal Financial Partners, Inc.
Cetera Advisors, LLC
First Heartland Capital, Inc.
Avalon Investment & Securities Group, Inc.
Cetera Financial Specialists, LLC
First Republic Securities Company
AXA Advisors, LLC
Cetera Investment Services, LLC
First Western Securities, Inc.
B.C. Ziegler & Company
CFD Investments, Inc.
Foothill Securities, Inc.
BancWest Investment Services, Inc.
Chelsea Financial Services
Foresters Equity Services, Inc.
Bankers Life Securities, Inc.
Citigroup Global Markets, Inc.
Fortune Financial Services, Inc.
BB&T Securities, LLC
Citizens Investment Services
Founders Financial Securities, LLC
BBVA Compass Investment Solutions, Inc.
Client One Securities, LLC
FSC Securities Corporation
BCG Securities, Inc.
Coastal Equities, Inc.
FTB Advisors, Inc.
Beaconsfield Financial Services
Commonwealth Financial Network
G. W. Sherwold Associates, Inc.
Benjamin F Edwards & Company
Community America Financial Solutions, LLC
G.A. Repple and Company
Berthel, Fisher & Company Financial Services
Compass Bancshares Ins, Inc.
Garden State Securities
BFT Financial Group, LLC
Comprehensive Asset Management &
Geneos Wealth Management, Inc.
Blakeslee & Blakeslee, Inc.
Servicing, Inc.
Girard Securities, Inc.
BMO Harris Financial Advisors, Inc.
Concorde Investment Services, LLC
Global Brokerage Services, Inc.
BOK Financial Securities, Inc.
Coordinated Capital Securities, Inc.
GLP Investment Services, LLC
Bolton Global Capital
Country Capital Management Company
GLS & Associates, Inc.
BOSC, Inc.
Crescent Securities Group
Gradient Securities, LLC
Bristol Financial Services, Inc.
Crown Capital Securities, L.P.
Great Nation Investment Corporation
Broker Dealer Financial Services Corporation
Crystal Bay Securities
GWN Securities, Inc.
Brokers International Financial Services, LLC
CUNA Brokerage Services, Inc.
H Beck, Inc.
Brooklight Place Securities
CUSO Financial Services, Inc.
H.D. Vest Investment Securities, Inc.
Bruce A. Lefavi Securities, Inc.
Cutter & Company
Hantz Financial Services
Bruderman Brothers
D. A. Davidson & Company
Harbor Financial Services, LLC
Buckman, Buckman & Reid, Inc.
Davenport & Company, LLC
Harbour Investments, Inc.

B-1

Harger and Company, Inc.
Lincoln Financial Advisors Corporation
OneAmerica Securities, Inc.
Hazard & Siegel, Inc.
Lincoln Financial Securities Corporation
Oppenheimer & Company, Inc.
HBW Securities, LLC
Lincoln Investment Planning, Inc.
Packerland Brokerage Services
Hefren-Tillotson, Inc.
Lion Street Financial, LLC
Paradigm Equities, Inc.
Hilltop Securities, Inc.
Lombard Securities
Park Avenue Securities, LLC
Hornor, Townsend & Kent, Inc.
Long Island Financial Group, Inc.
Parkland Securities, LLC
HSBC Securities
LPL Financial Services
Parsonex Securities, LLC
Huntington Investment Company
Lucia Securities, LLC
Peak Brokerage Services
Huntleigh Securities Corporation
M Griffith Investment Services
Peoples Securities, Inc.
IBN Financial Services, Inc.
M. Holdings Securities, Inc.
PFA Security Asset Management, Inc.
IFS Securities
M&T Securities, Inc.
PlanMember Securities Corporation
IMS Securities, Inc.
Madison Avenue Securities, Inc
PNC Investment, LLC
Independence Capital Company
Maxim Group, LLC
Principal Securities
Independent Financial Group, LLC
McLaughlin Ryder Investments, Inc.
Private Client Services, LLC
Infinex Investments, Inc.
MerCap Securities, LLC
ProEquities, Inc.
Infinity Securities, Inc.
Mercer Allied Company, LP
Prospera Financial Services, Inc.
Innovation Partners, LLC
Merrill Lynch
Pruco Securities, LLC
Institutional Securities Corporation
MetLife Securities, Inc.
PTS Brokerage, LLC
InterCarolina Financial Services, Inc.
Michigan Securities, Inc.
Purshe Kaplan Sterling Investments
International Assets Advisory, LLC
Mid-Atlantic Capital Corporation
Quayle & Company Securities
Intervest International, Inc.
Mid-Atlantic Securities , Inc.
Questar Capital Corporation
INVEST Financial Corporation
MML Investors Services, LLC
Raymond James & Associates, Inc.
Investacorp, Inc.
Moloney Securities Company, Inc.
RBC Capital Markets Corporation
Investment Centers of America, Inc.
Money Concepts Capital Corp
Regulus Advisors, LLC
Investment Network, Inc.
Moors & Cabot, Inc.
Rhodes Securities, Inc.
Investment Planners, Inc.
Morgan Stanley
Robert W. Baird & Company, Inc.
Investment Professional, Inc.
MSI Financial Services
Rogan and Associates
Investors Capital Corporation
Mutual of Omaha Investor Services, Inc.
Royal Alliance Associates
J.W. Cole Financial, Inc.
Mutual Securities, Inc.
Royal Securities Company
James T Borello & Company
Mutual Trust Company of America Securities
Sagepoint Financial, Inc.
Janney, Montgomery Scott, LLC
MWA Financial Services, Inc.
Santander Securities, LLC
JJB Hilliard WL Lyons, LLC
National Planning Corporation
Saxony Securities, Inc.
JP Morgan Securities
National Securities Corporation
SCF Securities, Inc.
JP Turner & Company, LLC
Nations Financial Group, Inc.
Secure Planning, Inc.
K. W. Chambers & Company
Nationwide Planning Associates
Securian Financial Services, Inc.
Kalos Capital, Inc.
Nationwide Securities, LLC
Securities America, Inc.
Kestra Investment Services, Inc./NFP
Navy Federal Brokerage Services, LLC
Securities Equity Group
Securities, Inc.
NBC Securities, Inc.
Securities Management & Research, Inc.
Key Investment Services
Newbridge Securities Corporation
Securities Service Network, Inc.
Kingsbury Capital, Inc.
Next Financial Group, Inc.
Sigma Financial Corporation
KMS Financial Services, Inc.
NIA Securities, LLC
Signal Securities, Inc.
Kovack Securities, Inc.
North Ridge Securities Corporation
Signator Investors, Inc.
L. M. Kohn & Company, Inc.
Northeast Securities, Inc.
Signature Securities Group Corporation
Lasalle St. Securities, LLC
Northwestern Mutual Investment Services, LLC
SII Investments, Inc.
Legend Equities Corporation
NPB Financial Group, LLC
Silver Oak Securities
Leigh Baldwin & Company
NY Life Securities, Inc.
Sorrento Pacific Financial, LLC
Lesko Securities, Inc.
Oak Tree Securities, Inc.
Southeast Investments, N.C., Inc.
Liberty Partners Financial Services, LLC
Oakbridge Financial Services
Southwestern/Great American
LifeMark Securities Corporation
Ohanesian & Lecours, Inc.
Spire Securities

B-2

St. Bernard Financial Services, Inc.
Woodbury Financial Services, Inc.
 
Sterne Agee Financial Services, Inc.
Woodmen Financial Services, Inc.
 
Stifel Nicolaus & Company, Inc.
World Equity Group, Inc.
 
Summit Brokerage Services, Inc.
Wunderlich Securities, Inc.
 
Sunset Financial Services, Inc.
WWK Investments, Inc.
 
SunTrust Investment Services, Inc.
 
 
SWBC Investment Services
 
 
SWS Financial Services, Inc.
 
 
Symphonic Securities, LLC
 
 
Synovus Securities, Inc.
 
 
Tandem Securities, Inc.
 
 
Taylor Capital Management
 
 
Teckmeyer Financial Services
 
 
TFS Securities, Inc.
 
 
The Investment Center, Inc.
 
 
The Leaders Group, Inc.
 
 
The O.N. Equity Sales Company
 
 
The Strategic Financial Alliance, Inc.
 
 
The Windmill Group
 
 
Thrivent Financial
 
 
Thurston, Springer, Miller, Herd and Titak, Inc.
 
 
Transamerica Financial Advisors, Inc.
 
 
Triad Advisors, Inc.
 
 
Trustmont Financial Group, Inc.
 
 
UBS Financial Services, Inc.
 
 
Uhlmann Price Securities
 
 
UMB Insurance, Inc.
 
 
UnionBanc Investment Services, LLC
 
 
United Planners Financial Services of America
 
 
Univest Insurance, Inc.
 
 
US Bancorp Investments, Inc.
 
 
USA Financial Securities Corporation
 
 
Valic Financial Advisors, Inc.
 
 
ValMark Securities, Inc.
 
 
Vanderbilt Securities, LLC
 
 
Veritrust
 
 
Voya Financial Advisors, Inc
 
 
VSR Financial Services, Inc.
 
 
Waddell & Reed, Inc.
 
 
Wall Street Financial Group
 
 
Wayne Hummer Investments, LLC
 
 
Wedbush Securities, Inc.
 
 
Wellington Shields & Company, LLC
 
 
Wells Fargo Advisors, LLC
 
 
Wescom Financial Services, LLC
 
 
Western Equity Group
 
 
Westport Capital Markets
 
 
WFG Investments, Inc.
 
 


B-3

APPENDIX C

ACCUMULATION UNIT VALUES

The tables reflect the values of Accumulation Units for each Investment Division for the beginning and end of the periods indicated, and the number of Accumulation Units outstanding as of the end of the periods indicated – for a base Contract (with Administration Charge waiver and no optional benefits) and for a Contract with the most expensive combination of charges and optional benefits. The tables do not provide partial year information. The tables provide values of Accumulation Units and the number of Accumulation Units outstanding only if that information is available throughout the period. Where values of Accumulation Units and the number of Accumulation Units outstanding are unavailable, either because of a partial year or a Fund not being offered, a “N/A” is provided.

If the annualized charge for your Contract falls between the charge for a base Contract and a Contract with the most expensive combination of charges and optional benefits, information about the values of all remaining Accumulation Units is available in the SAI. Contact the Jackson of NY Service Center to request your copy of the SAI free of charge. Our contact information is on the cover page of the prospectus. Also, please ask about the more timely values of Accumulation Units that are available for each Investment Division.

The Accumulation Unit value information for JNL/PPM America Total Return Fund (JNL Series Trust) includes historical information from the JNL/PPM America Total Return Fund (JNL Investors Series Trust) for periods before the merger of JNL/PPM America Total Return Fund (JNL Investors Series Trust) into JNL/PPM America Total Return Fund (JNL Series Trust), effective April 25, 2016.

Set forth below are fund changes and additions since the September 19, 2016 Supplement to the Prospectus dated April 25, 2016, for your information in reviewing Accumulation Unit information.

The following fund name changes are effective April 24, 2017 (whether or not in connection with a sub-adviser change):

JNL Series Trust
JNL/Goldman Sachs U.S. Equity Flex Fund to JNL/AQR Large Cap Relaxed Constraint Equity Fund
JNL/WMC Money Market Fund to JNL/WMC Government Money Market Fund

The following fund merger is effective April 24, 2017:

JNL Variable Fund LLC
JNL/Mellon Capital S&P ® 24 Fund merged into JNL/Mellon Capital JNL 5 Fund

Effective April 24, 2017, there are new Investment Divisions for which Accumulation Unit information is not yet available. The new Investment Divisions invest in the following Funds:

JNL Series Trust
JNL/American Funds Balanced Allocation Fund
JNL/American Funds Growth Allocation Fund
JNL/DFA Growth Allocation Fund
JNL/DFA Moderate Allocation Fund
JNL/Mellon Capital 10 x 10 Fund
JNL/Mellon Capital MSCI KLD 400 Social Index Fund
JNL Disciplined Moderate Fund
JNL Disciplined Moderate Growth Fund
JNL Disciplined Growth Fund

JNL Variable Fund LLC
JNL/Mellon Capital Dow SM Index Fund
JNL/Mellon Capital Global 30 Fund
JNL/Mellon Capital JNL 5 Fund


C-1

Accumulation Unit Values
 
 
Base Contract with $1 Million Premium Administrative Fee Waiver - 0.85%
 
 
 
Investment Divisions
December 31,
December 31,
 
2016
2015
JNAM Guidance - Alt 100 Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$10.33
$10.60
  End of period
$10.26
$10.33
 Accumulation units outstanding at the end of period
32,944
25,746
 
 
 
JNAM Guidance - Conservative Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNAM Guidance - Equity 100 Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$13.21
$13.49
  End of period
$13.96
$13.21
 Accumulation units outstanding at the end of period
62,222
62,222
 
 
 
JNAM Guidance - Fixed Income 100 Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$9.56
$9.85
  End of period
$9.91
$9.56
 Accumulation units outstanding at the end of period
74,314
74,314
 
 
 
JNAM Guidance - Growth Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$11.05
$11.23
  End of period
$11.62
$11.05
 Accumulation units outstanding at the end of period
564,408
187,808
 
 
 
JNAM Guidance - Interest Rate Opportunities Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNAM Guidance - Maximum Growth Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNAM Guidance - Moderate Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 

C-2

Investment Divisions
December 31,
December 31,
 
2016
2015
JNAM Guidance - Moderate Growth Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$11.69
$11.95
  End of period
$12.26
$11.69
 Accumulation units outstanding at the end of period
87,274
87,274
 
 
 
JNAM Guidance - Real Assets Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL Alt 65 Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL Multi-Manager Alternative Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL Multi-Manager Mid Cap Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL Multi-Manager Small Cap Growth Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL Multi-Manager Small Cap Value Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL Tactical ETF Conservative Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 

C-3

Investment Divisions
December 31,
December 31,
 
2016
2015
JNL Tactical ETF Growth Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$12.74
$12.84
  End of period
$13.70
$12.74
 Accumulation units outstanding at the end of period
248,832
125,554
 
 
 
JNL Tactical ETF Moderate Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/AB Dynamic Asset Allocation Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/American Funds Global Growth Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$11.74
$11.10
  End of period
$11.69
$11.74
 Accumulation units outstanding at the end of period
4,877
4,877
 
 
 
JNL/American Funds Growth Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$15.37
$14.57
  End of period
$16.62
$15.37
 Accumulation units outstanding at the end of period
57,949
55,958
 
 
 
JNL/American Funds Growth-Income Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$16.83
$16.80
  End of period
$18.54
$16.83
 Accumulation units outstanding at the end of period
22,807
22,807
 
 
 
JNL/American Funds International Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/AQR Managed Futures Strategy Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 

C-4

Investment Divisions
December 31,
December 31,
 
2016
2015
JNL/AQR Risk Parity Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/BlackRock Global Allocation Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/BlackRock Global Long Short Credit Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/BlackRock Global Natural Resources Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$7.40
$9.78
  End of period
$9.28
$7.40
 Accumulation units outstanding at the end of period
12,014
13,055
 
 
 
JNL/Boston Partners Global Long Short Equity Division
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Brookfield Global Infrastructure and MLP Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$12.82
$15.87
  End of period
$14.31
$12.82
 Accumulation units outstanding at the end of period
9,086
9,086
 
 
 
JNL/Crescent High Income Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/DFA U.S. Core Equity Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 

C-5

Investment Divisions
December 31,
December 31,
 
2016
2015
JNL/DFA U.S. Micro Cap Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/DoubleLine Emerging Markets Fixed Income Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/DoubleLine Shiller Enhanced CAPE Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$10.97
N/A
  End of period
$12.93
N/A
 Accumulation units outstanding at the end of period
2,988
N/A
 
 
 
JNL/DoubleLine Total Return Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$10.62
$10.53
  End of period
$10.75
$10.62
 Accumulation units outstanding at the end of period
75,452
4,931
 
 
 
JNL/Eaton Vance Global Macro Absolute Return Advantage Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Epoch Global Shareholder Yield Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/FAMCO Flex Core Covered Call Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$11.81
$12.31
  End of period
$12.66
$11.81
 Accumulation units outstanding at the end of period
2,528
2,606
 
 
 
JNL/FPA + Doubleline Flexible Allocation Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$12.67
N/A
  End of period
$13.03
N/A
 Accumulation units outstanding at the end of period
2,922
N/A
 
 
 

C-6

Investment Divisions
December 31,
December 31,
 
2016
2015
JNL/Franklin Templeton Global Multisector Bond Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Franklin Templeton Income Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Franklin Templeton International Small Cap Growth Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$10.60
$10.30
  End of period
$10.39
$10.60
 Accumulation units outstanding at the end of period
5,843
5,843
 
 
 
JNL/Goldman Sachs Emerging Markets Debt Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$11.41
$13.13
  End of period
$12.34
$11.41
 Accumulation units outstanding at the end of period
—
2,648
 
 
 
JNL/Harris Oakmark Global Equity Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$8.81
N/A
  End of period
$9.82
N/A
 Accumulation units outstanding at the end of period
31,480
N/A
 
 
 
JNL/Invesco China-India Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Invesco Global Real Estate Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$17.41
$17.73
  End of period
$17.68
$17.41
 Accumulation units outstanding at the end of period
3,178
3,178
 
 
 
JNL/Invesco International Growth Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$22.07
$22.72
  End of period
$21.62
$22.07
 Accumulation units outstanding at the end of period
12,031
11,802
 
 
 

C-7

Investment Divisions
December 31,
December 31,
 
2016
2015
JNL/Invesco Small Cap Growth Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$26.95
$27.67
  End of period
$29.79
$26.95
 Accumulation units outstanding at the end of period
16,219
15,931
 
 
 
JNL/JPMorgan MidCap Growth Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$45.99
$45.03
  End of period
$45.84
$45.99
 Accumulation units outstanding at the end of period
9,351
9,157
 
 
 
JNL/Lazard Emerging Markets Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$10.69
$13.26
  End of period
$12.64
$10.69
 Accumulation units outstanding at the end of period
—
2,729
 
 
 
JNL/Lazard International Strategic Equity Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$11.67
N/A
  End of period
$10.98
N/A
 Accumulation units outstanding at the end of period
14,920
N/A
 
 
 
JNL/Mellon Capital Bond Index Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$15.28
N/A
  End of period
$15.45
N/A
 Accumulation units outstanding at the end of period
18,869
N/A
 
 
 
JNL/Mellon Capital Communications Sector Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Mellon Capital Consumer Brands Sector Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Mellon Capital Emerging Markets Index Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 

C-8

Investment Divisions
December 31,
December 31,
 
2016
2015
JNL/Mellon Capital European 30 Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$14.55
$14.96
  End of period
$14.16
$14.55
 Accumulation units outstanding at the end of period
20,481
19,582
 
 
 
JNL/Mellon Capital Financial Sector Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$12.92
$13.18
  End of period
$15.90
$12.92
 Accumulation units outstanding at the end of period
12,310
12,157
 
 
 
JNL/Mellon Capital Healthcare Sector Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Mellon Capital International Index Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$18.20
$18.56
  End of period
$18.19
$18.20
 Accumulation units outstanding at the end of period
28,714
27,031
 
 
 
JNL/Mellon Capital NASDAQ 100 Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$23.19
$23.06
  End of period
$24.82
$23.19
 Accumulation units outstanding at the end of period
17,099
19,983
 
 
 
JNL/Mellon Capital Oil & Gas Sector Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Mellon Capital Pacific Rim 30 Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Mellon Capital S&P 24 Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 

C-9

Investment Divisions
December 31,
December 31,
 
2016
2015
JNL/Mellon Capital S&P 400 MidCap Index Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Mellon Capital S&P 500 Index Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$19.37
$19.37
  End of period
$21.39
$19.37
 Accumulation units outstanding at the end of period
19,216
19,216
 
 
 
JNL/Mellon Capital S&P SMid 60 Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Mellon Capital Small Cap Index Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$23.48
$24.81
  End of period
$29.30
$23.48
 Accumulation units outstanding at the end of period
6,801
6,383
 
 
 
JNL/Mellon Capital Technology Sector Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$12.66
$12.23
  End of period
$14.22
$12.66
 Accumulation units outstanding at the end of period
12,374
12,674
 
 
 
JNL/Mellon Capital Utilities Sector Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/MMRS Conservative Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/MMRS Growth Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 

C-10

Investment Divisions
December 31,
December 31,
 
2016
2015
JNL/MMRS Moderate Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Neuberger Berman Currency Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Neuberger Berman Risk Balanced Commodity Strategy Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Nicholas Convertible Arbitrage Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Oppenheimer Emerging Markets Innovator Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/PIMCO Credit Income Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$10.81
$11.01
  End of period
$11.40
$10.81
 Accumulation units outstanding at the end of period
3,705
3,821
 
 
 
JNL/PIMCO Real Return Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/PIMCO Total Return Bond Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$21.86
$21.96
  End of period
$22.27
$21.86
 Accumulation units outstanding at the end of period
2,563
2,563
 
 
 

C-11

Investment Divisions
December 31,
December 31,
 
2016
2015
JNL/PPM America Floating Rate Income Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$10.74
$10.97
  End of period
$11.65
$10.74
 Accumulation units outstanding at the end of period
6,673
5,730
 
 
 
JNL/PPM America High Yield Bond Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$19.85
$21.50
  End of period
$23.03
$19.85
 Accumulation units outstanding at the end of period
9,633
9,185
 
 
 
JNL/PPM America Long Short Credit Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/PPM America Mid Cap Value Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/PPM America Total Return Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Red Rocks Listed Private Equity Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/S&P 4 Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$19.65
N/A
  End of period
$21.48
N/A
 Accumulation units outstanding at the end of period
1,171
N/A
 
 
 
JNL/S&P International 5 Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 

C-12

Investment Divisions
December 31,
December 31,
 
2016
2015
JNL/S&P MID 3 Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Scout Unconstrained Bond Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/T. Rowe Price Capital Appreciation Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$12.07
N/A
  End of period
$12.90
N/A
 Accumulation units outstanding at the end of period
253,084
N/A
 
 
 
JNL/T. Rowe Price Established Growth Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$61.72
$56.23
  End of period
$62.07
$61.72
 Accumulation units outstanding at the end of period
16,520
16,533
 
 
 
JNL/T. Rowe Price Short-Term Bond Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$10.86
$10.92
  End of period
$10.92
$10.86
 Accumulation units outstanding at the end of period
9,369
9,059
 
 
 
JNL/T. Rowe Price Value Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$26.74
$27.47
  End of period
$29.38
$26.74
 Accumulation units outstanding at the end of period
7,160
7,160
 
 
 
JNL/The Boston Company Equity Income Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$15.67
N/A
  End of period
$18.43
N/A
 Accumulation units outstanding at the end of period
16,480
N/A
 
 
 
JNL/The London Company Focused U.S. Equity Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 

C-13

Investment Divisions
December 31,
December 31,
 
2016
2015
JNL/Van Eck International Gold Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/WCM Focused International Equity Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Westchester Capital Event Driven Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/WMC Balanced Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$44.18
$44.97
  End of period
$48.54
$44.18
 Accumulation units outstanding at the end of period
2,912
2,912
 
 
 
JNL/WMC Money Market Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$13.52
$13.63
  End of period
$13.41
$13.52
 Accumulation units outstanding at the end of period
338,372
650,429



C-14

Accumulation Unit Values
 
 
Contract with Optional Benefits - 1.25%
 
 
 
 
 
Investment Divisions
December 31,
December 31,
 
2016
2015
JNAM Guidance - Alt 100 Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$10.18
N/A
  End of period
$10.06
N/A
 Accumulation units outstanding at the end of period
2,398
N/A
 
 
 
JNAM Guidance - Conservative Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNAM Guidance - Equity 100 Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNAM Guidance - Fixed Income 100 Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNAM Guidance - Growth Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$10.94
$11.16
  End of period
$11.45
$10.94
 Accumulation units outstanding at the end of period
22,390
22,390
 
 
 
JNAM Guidance - Interest Rate Opportunities Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNAM Guidance - Maximum Growth Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNAM Guidance - Moderate Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$11.51
$11.81
  End of period
$11.96
$11.51
 Accumulation units outstanding at the end of period
19,220
9,328
 
 
 

C-15

Investment Divisions
December 31,
December 31,
 
2016
2015
JNAM Guidance - Moderate Growth Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$11.51
$11.82
  End of period
$12.03
$11.51
 Accumulation units outstanding at the end of period
44,524
44,524
 
 
 
JNAM Guidance - Real Assets Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL Alt 65 Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL Multi-Manager Alternative Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL Multi-Manager Mid Cap Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL Multi-Manager Small Cap Growth Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL Multi-Manager Small Cap Value Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$16.85
$18.84
  End of period
$20.60
$16.85
 Accumulation units outstanding at the end of period
993
538
 
 
 
JNL Tactical ETF Conservative Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$11.06
$11.17
  End of period
$11.53
$11.06
 Accumulation units outstanding at the end of period
19,297
18,175
 
 
 

C-16

Investment Divisions
December 31,
December 31,
 
2016
2015
JNL Tactical ETF Growth Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL Tactical ETF Moderate Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$11.94
$12.07
  End of period
$12.62
$11.94
 Accumulation units outstanding at the end of period
14,855
15,332
 
 
 
JNL/AB Dynamic Asset Allocation Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/American Funds Global Growth Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$11.63
$11.05
  End of period
$11.54
$11.63
 Accumulation units outstanding at the end of period
1,837
1,837
 
 
 
JNL/American Funds Growth Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$15.13
$14.40
  End of period
$16.30
$15.13
 Accumulation units outstanding at the end of period
26,362
26,603
 
 
 
JNL/American Funds Growth-Income Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$16.46
$16.49
  End of period
$18.05
$16.46
 Accumulation units outstanding at the end of period
17,034
9,592
 
 
 
JNL/American Funds International Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$11.35
N/A
  End of period
$11.56
N/A
 Accumulation units outstanding at the end of period
15,061
N/A
 
 
 
JNL/AQR Managed Futures Strategy Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$11.30
$11.19
  End of period
$10.20
$11.30
 Accumulation units outstanding at the end of period
176
149
 
 
 

C-17

Investment Divisions
December 31,
December 31,
 
2016
2015
JNL/AQR Risk Parity Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$9.47
N/A
  End of period
$10.24
N/A
 Accumulation units outstanding at the end of period
1,273
N/A
 
 
 
JNL/BlackRock Global Allocation Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$11.74
$12.05
  End of period
$12.05
$11.74
 Accumulation units outstanding at the end of period
7,243
5,088
 
 
 
JNL/BlackRock Global Long Short Credit Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$9.75
$10.01
  End of period
$9.90
$9.75
 Accumulation units outstanding at the end of period
13,151
13,151
 
 
 
JNL/BlackRock Global Natural Resources Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$7.14
$9.48
  End of period
$8.92
$7.14
 Accumulation units outstanding at the end of period
473
493
 
 
 
JNL/Boston Partners Global Long Short Equity Division
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Brookfield Global Infrastructure and MLP Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$12.61
$15.68
  End of period
$14.02
$12.61
 Accumulation units outstanding at the end of period
3,821
1,147
 
 
 
JNL/Crescent High Income Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/DFA U.S. Core Equity Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$26.49
$27.40
  End of period
$29.83
$26.49
 Accumulation units outstanding at the end of period
416
423
 
 
 

C-18

Investment Divisions
December 31,
December 31,
 
2016
2015
JNL/DFA U.S. Micro Cap Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/DoubleLine Emerging Markets Fixed Income Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/DoubleLine Shiller Enhanced CAPE Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/DoubleLine Total Return Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$10.53
N/A
  End of period
$10.61
N/A
 Accumulation units outstanding at the end of period
21,444
N/A
 
 
 
JNL/Eaton Vance Global Macro Absolute Return Advantage Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Epoch Global Shareholder Yield Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/FAMCO Flex Core Covered Call Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/FPA + Doubleline Flexible Allocation Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 

C-19

Investment Divisions
December 31,
December 31,
 
2016
2015
JNL/Franklin Templeton Global Multisector Bond Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$11.14
$11.77
  End of period
$11.42
$11.14
 Accumulation units outstanding at the end of period
1,656
2,795
 
 
 
JNL/Franklin Templeton Income Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$13.07
$14.28
  End of period
$14.73
$13.07
 Accumulation units outstanding at the end of period
8,676
6,912
 
 
 
JNL/Franklin Templeton International Small Cap Growth Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$10.27
$10.01
  End of period
$10.02
$10.27
 Accumulation units outstanding at the end of period
4,921
4,949
 
 
 
JNL/Goldman Sachs Emerging Markets Debt Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Harris Oakmark Global Equity Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Invesco China-India Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Invesco Global Real Estate Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$16.68
$17.06
  End of period
$16.87
$16.68
 Accumulation units outstanding at the end of period
1,535
2,296
 
 
 
JNL/Invesco International Growth Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$20.32
$21.00
  End of period
$19.83
$20.32
 Accumulation units outstanding at the end of period
1,167
298
 
 
 

C-20

Investment Divisions
December 31,
December 31,
 
2016
2015
JNL/Invesco Small Cap Growth Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$25.47
$26.26
  End of period
$28.05
$25.47
 Accumulation units outstanding at the end of period
852
515
 
 
 
JNL/JPMorgan MidCap Growth Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$42.35
$41.63
  End of period
$42.05
$42.35
 Accumulation units outstanding at the end of period
1,788
954
 
 
 
JNL/Lazard Emerging Markets Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Lazard International Strategic Equity Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$11.55
$11.20
  End of period
$10.82
$11.55
 Accumulation units outstanding at the end of period
1,763
1,763
 
 
 
JNL/Mellon Capital Bond Index Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$14.46
N/A
  End of period
$14.55
N/A
 Accumulation units outstanding at the end of period
7,965
N/A
 
 
 
JNL/Mellon Capital Communications Sector Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Mellon Capital Consumer Brands Sector Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Mellon Capital Emerging Markets Index Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$7.91
$9.45
  End of period
$8.60
$7.91
 Accumulation units outstanding at the end of period
—
1,513
 
 
 

C-21

Investment Divisions
December 31,
December 31,
 
2016
2015
JNL/Mellon Capital European 30 Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$14.13
$14.60
  End of period
$13.70
$14.13
 Accumulation units outstanding at the end of period
—
6,492
 
 
 
JNL/Mellon Capital Financial Sector Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$12.11
N/A
  End of period
$14.83
N/A
 Accumulation units outstanding at the end of period
664
N/A
 
 
 
JNL/Mellon Capital Healthcare Sector Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$27.84
$26.45
  End of period
$26.44
$27.84
 Accumulation units outstanding at the end of period
2,876
2,021
 
 
 
JNL/Mellon Capital International Index Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Mellon Capital NASDAQ 100 Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$22.17
$22.13
  End of period
$23.64
$22.17
 Accumulation units outstanding at the end of period
—
2,642
 
 
 
JNL/Mellon Capital Oil & Gas Sector Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Mellon Capital Pacific Rim 30 Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Mellon Capital S&P 24 Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 

C-22

Investment Divisions
December 31,
December 31,
 
2016
2015
JNL/Mellon Capital S&P 400 MidCap Index Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$26.13
$27.19
  End of period
$31.00
$26.13
 Accumulation units outstanding at the end of period
2,015
6,545
 
 
 
JNL/Mellon Capital S&P 500 Index Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$18.32
N/A
  End of period
$20.15
N/A
 Accumulation units outstanding at the end of period
49,147
N/A
 
 
 
JNL/Mellon Capital S&P SMid 60 Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Mellon Capital Small Cap Index Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$22.20
$23.55
  End of period
$27.60
$22.20
 Accumulation units outstanding at the end of period
2,031
7,204
 
 
 
JNL/Mellon Capital Technology Sector Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$11.85
$11.49
  End of period
$13.25
$11.85
 Accumulation units outstanding at the end of period
1,478
8,636
 
 
 
JNL/Mellon Capital Utilities Sector Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/MMRS Conservative Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/MMRS Growth Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 

C-23

Investment Divisions
December 31,
December 31,
 
2016
2015
JNL/MMRS Moderate Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Neuberger Berman Currency Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Neuberger Berman Risk Balanced Commodity Strategy Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Nicholas Convertible Arbitrage Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$9.70
$10.12
  End of period
$9.91
$9.70
 Accumulation units outstanding at the end of period
770
731
 
 
 
JNL/Oppenheimer Emerging Markets Innovator Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$8.42
N/A
  End of period
$8.27
N/A
 Accumulation units outstanding at the end of period
1,734
N/A
 
 
 
JNL/PIMCO Credit Income Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/PIMCO Real Return Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/PIMCO Total Return Bond Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$20.35
$20.53
  End of period
$20.65
$20.35
 Accumulation units outstanding at the end of period
7,236
1,957
 
 
 

C-24

Investment Divisions
December 31,
December 31,
 
2016
2015
JNL/PPM America Floating Rate Income Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$10.53
$10.80
  End of period
$11.37
$10.53
 Accumulation units outstanding at the end of period
3,804
3,850
 
 
 
JNL/PPM America High Yield Bond Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$18.48
$20.10
  End of period
$21.36
$18.48
 Accumulation units outstanding at the end of period
1,681
1,714
 
 
 
JNL/PPM America Long Short Credit Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/PPM America Mid Cap Value Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$15.27
$16.81
  End of period
$19.21
$15.27
 Accumulation units outstanding at the end of period
4,678
6,275
 
 
 
JNL/PPM America Total Return Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Red Rocks Listed Private Equity Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$14.60
$14.85
  End of period
$15.60
$14.60
 Accumulation units outstanding at the end of period
257
215
 
 
 
JNL/S&P 4 Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$19.02
$20.28
  End of period
$20.72
$19.02
 Accumulation units outstanding at the end of period
246
207
 
 
 
JNL/S&P International 5 Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 

C-25

Investment Divisions
December 31,
December 31,
 
2016
2015
JNL/S&P MID 3 Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Scout Unconstrained Bond Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$9.37
N/A
  End of period
$9.67
N/A
 Accumulation units outstanding at the end of period
1,654
N/A
 
 
 
JNL/T. Rowe Price Capital Appreciation Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$11.96
$11.59
  End of period
$12.73
$11.96
 Accumulation units outstanding at the end of period
12,891
12,022
 
 
 
JNL/T. Rowe Price Established Growth Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$56.83
$51.99
  End of period
$56.93
$56.83
 Accumulation units outstanding at the end of period
674
201
 
 
 
JNL/T. Rowe Price Short-Term Bond Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$10.45
$10.55
  End of period
$10.47
$10.45
 Accumulation units outstanding at the end of period
6,520
17,046
 
 
 
JNL/T. Rowe Price Value Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/The Boston Company Equity Income Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$15.43
$15.90
  End of period
$18.07
$15.43
 Accumulation units outstanding at the end of period
2,613
2,613
 
 
 
JNL/The London Company Focused U.S. Equity Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 

C-26

Investment Divisions
December 31,
December 31,
 
2016
2015
JNL/Van Eck International Gold Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/WCM Focused International Equity Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Westchester Capital Event Driven Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/WMC Balanced Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$40.68
$41.57
  End of period
$44.52
$40.68
 Accumulation units outstanding at the end of period
11,226
8,370
 
 
 
JNL/WMC Money Market Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$12.45
N/A
  End of period
$12.29
N/A
 Accumulation units outstanding at the end of period
20,317
N/A


C-27



Questions:  If you have any questions about your Contract, you may contact us at:
Jackson of NY Service Center:
1 (800) 599-5651 (8 a.m. - 8 p.m. ET)
 
Mail Address:
P.O. Box 30313, Lansing, Michigan 48909-7813
 
Delivery Address:
1 Corporate Way, Lansing, Michigan 48951
Jackson of NY IMG Service Center:
(for Contracts purchased through a bank
or another financial institution)
1 (888) 464-7779 (8 a.m. - 8 p.m. ET)
 
Mail Address:
P.O. Box 30901, Lansing, Michigan 48909-8401
 
Delivery Address:
1 Corporate Way, Lansing, Michigan 48951
Home Office:
2900 Westchester Avenue, Purchase, New York 10577







STATEMENT OF ADDITIONAL INFORMATION


April 24, 2017


ELITE ACCESS BROKERAGE EDITIONSM 

FLEXIBLE PREMIUM VARIABLE AND FIXED DEFERRED ANNUITY

Issued by
Jackson National Life Insurance Company of New York® through
JNLNY Separate Account I



This Statement of Additional Information (SAI) is not a prospectus. It contains information in addition to and more detailed than set forth in the Prospectus and should be read in conjunction with the Prospectus dated April 24, 2017. The Prospectus may be obtained from Jackson National Life Insurance Company of New York (Jackson of NY®) by writing P.O. Box 30313, Lansing, Michigan 48909-7813, or calling 1-800-599-5651.




TABLE OF CONTENTS
 
Page
General Information and History
2
Services
8
Purchase of Securities Being Offered
9
Underwriters
9
Calculation of Performance
9
Additional Tax Information
11
Annuity Provisions
19
Net Investment Factor
20
Condensed Financial Information
20
Financial Statements of the Separate Account
Appendix A
Financial Statements of Jackson of NY
Appendix B


1


General Information and History

JNLNY Separate Account I (Separate Account) is a separate investment account of Jackson of NY. In September 1997, the company changed its name from First Jackson National Life Insurance Company to its present name. Jackson of NY is a wholly owned subsidiary of Jackson National Life Insurance Company® (Jackson®), and is ultimately a wholly owned subsidiary of Prudential plc, London, England, a life insurance company in the United Kingdom.

Trademarks, Service Marks, and Related Disclosures

The “S&P 500 Index,” “S&P MidCap 400 Index,” “S&P SmallCap 600 Index,” “Dow Jones Industrial Average,”and “Dow Jones Brookfield Global Infrastructure Index,” “STANDARD & POOR’S®,” “S&P®,” “S&P 500®,” “S&P MIDCAP 400 Index®,” “STANDARD & POOR’S MIDCAP 400 Index®,” “S&P SmallCap 600 Index®” and “STANDARD & POOR’S 500®” (collectively, the “Indices”) are products of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”), and has been licensed for use by Jackson National Life Insurance Company (“Jackson”). “Dow Jones®”, “Dow Jones Industrial Average”, “DJIA®”, “The Dow®” , and "The Dow 10" are service and/or trademarks of Dow Jones Trademark Holdings, LLC (“Dow Jones”) and have been licensed to SPDJI and have been sub-licensed for use for certain purposes by Jackson National Life Insurance Company® (“Jackson”).

The Dow Jones Brookfield Global Infrastructure Index is calculated by SPDJI pursuant to an agreement with Brookfield Redding, Inc. (together with its affiliates, “Brookfield”) and has been licensed for use. Standard & Poor’s®, S&P® and S&P 500®, S&P MidCap 400® and S&P SmallCap 600® are registered trademarks of Standard & Poor’s Financial Services LLC; Dow Jones U.S. Contrarian Opportunities Index is a service mark of Dow Jones; Brookfield® is a registered trademark of Brookfield Asset Management, Inc.; and the foregoing trademarks have been licensed by SPDJI for use.

The JNL/Mellon Capital S&P® SMid 60 Fund, JNL/Mellon Capital S&P 500 Index Fund, JNL/Mellon Capital S&P 400 MidCap Index Fund, JNL/Brookfield Global Infrastructure and MLP Fund , JNL/Mellon Capital Dow SM Index Fund, and JNL/Mellon Capital JNL 5 Fund (collectively, the “Products”) are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, Standard & Poor’s Financial Services LLC, Brookfield or any of their respective affiliates (collectively, “S&P Dow Jones Indices”).

S&P Dow Jones Indices makes no representation or warranty, express or implied, to the owners of the Products or any member of the public regarding the advisability of investing in securities generally or in the Products particularly or the ability of the Indices to track general market performance. S&P Dow Jones Indices’ only relationship to Jackson with respect to the Indices or the Products is the licensing of the Indices and certain trademarks, service marks and/or trade names of S&P Dow Jones Indices and/or its licensors. The Indices are determined, composed and calculated by S&P Dow Jones Indices without regard to Jackson or the Products. S&P Dow Jones Indices have no obligation to take the needs of Jackson or the owners of the Products into consideration in determining, composing or calculating the Indices. S&P Dow Jones Indices are not responsible for and have not participated in the determination of the prices, and amount of the Products or the timing of the issuance or sale of the Products in the determination or calculation of the equation by which the Products are to be converted into cash, surrendered or redeemed, as the case may be. S&P Dow Jones Indices have no obligation or liability in connection with the administration, marketing or trading of the Products. There is no assurance that investment products based on the Indices will accurately track index performance or provide positive investment returns. S&P Dow Jones Indices LLC is not an investment advisor. Inclusion of a security within an index is not a recommendation by S&P Dow Jones Indices to buy, sell, or hold such security, nor is it considered to be investment advice. Notwithstanding the foregoing, CME Group Inc. and its affiliates may independently issue and/or sponsor financial products unrelated to Products currently being issued by Jackson, but which may be similar to and competitive with Products. In addition, CME Group Inc. and its affiliates may trade financial products which are linked to the performance of the Index.

S&P DOW JONES INDICES DO NOT GUARANTEE THE ADEQUACY, ACCURACY, TIMELINESS AND/OR THE COMPLETENESS OF THE INDICES OR ANY DATA RELATED THERETO OR ANY COMMUNICATION, INCLUDING BUT NOT LIMITED TO, ORAL OR WRITTEN COMMUNICATION (INCLUDING ELECTRONIC

2

COMMUNICATIONS) WITH RESPECT THERETO. S&P DOW JONES INDICES SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS, OR DELAYS IN CALCULATING THE INDICES. S&P DOW JONES INDICES MAKE NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES, OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE OR AS TO RESULTS TO BE OBTAINED BY JACKSON OR OWNERS OF THE PRODUCTS, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE INDICES OR WITH RESPECT TO ANY DATA RELATED THERETO. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL S&P DOW JONES INDICES BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES INCLUDING BUT NOT LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST TIME OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE. THERE ARE NO THIRD PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN S&P DOW JONES INDICES AND JACKSON, OTHER THAN THE LICENSORS OF S&P DOW JONES INDICES.

SPDR® is a registered trademark of Standard & Poor’s Financial Services LLC.

The following applies to the JNL/S&P Competitive Advantage Fund, JNL/S&P Dividend Income & Growth Fund, JNL/S&P Total Yield Fund, JNL/S&P Intrinsic Value Fund, JNL/S&P International 5 Fund, JNL/S&P Mid 3 Fund and JNL/S&P 4 Fund.

STANDARD & POOR’S ® , S&P ® , S&P 500 ® and, S&P MIDCAP 400 ® are registered trademarks of S&P Global Market Intelligence Inc. or its affiliates and have been licensed for use by Jackson National Life Insurance Company. Standard & Poor’s Investment Advisory Services LLC (“SPIAS”) is a part of S&P Global Market Intelligence. Certain portfolios herein are sub-advised by SPIAS, a registered investment adviser and a wholly owned subsidiary of S&P Global Inc. SPIAS does not provide advice to underlying clients of the firms to which it provides services. SPIAS does not act as a “fiduciary” or as an “investment manager,” as defined under ERISA, to any investor. SPIAS is not responsible for client suitability.

Programs and products of the firms to which SPIAS provides services are not endorsed, sold or promoted by SPIAS and its affiliates, and SPIAS and its affiliates make no representation regarding the advisability of investing in those programs and products. With respect to the asset allocations and investments recommended by SPIAS in this document, investors should realize that such information is provided to Jackson National Asset Management, LLC only as a general recommendation. There is no agreement or understanding whatsoever that SPIAS will provide individualized advice to any investor. The underlying funds of the JNL/S&P 4 Fund are sub-advised by SPIAS. SPIAS does not sub-advise the JNL/S&P 4 Fund. SPIAS does not take into account any information about any investor or any investor’s assets when providing investment advisory services to firms to which SPIAS provides services. SPIAS does not have any discretionary authority or control with respect to purchasing or selling securities or making other investments. Individual investors should ultimately rely on their own judgment and/or the judgment of a representative in making their investment decisions.

SPIAS and its affiliates (collectively, S&P Global) and any third-party providers, as well as their directors, officers, shareholders, employees or agents (collectively S&P Global Parties) do not guarantee the accuracy, completeness, timeliness or availability of the Content. S&P Global Parties are not responsible for any errors or omissions (negligent or otherwise), regardless of the cause, for the results obtained from the use of the Content, or for the security or maintenance of any data input by the user. The Content is provided on an “as is” basis. S&P GLOBAL PARTIES DISCLAIM ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, FREEDOM FROM BUGS, SOFTWARE ERRORS OR DEFECTS, THAT THE CONTENT’S FUNCTIONING WILL BE UNINTERRUPTED OR THAT THE CONTENT WILL OPERATE WITH ANY SOFTWARE OR HARDWARE CONFIGURATION. In no event shall S&P Global Parties be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees, or losses (including, without limitation, lost income or lost profits and opportunity costs or losses caused by negligence) in connection with any use of the Content even if advised of the possibility of such damages.


3

While SPIAS has obtained information from sources it believes to be reliable, SPIAS does not perform an audit and undertakes no duty of due diligence or independent verification of any information it receives.

S&P Global keeps certain activities of its divisions separate from each other in order to preserve the independence and objectivity of their respective activities. As a result, certain divisions of S&P Global may have information that is not available to other S&P Global divisions. S&P Global has established policies and procedures to maintain the confidentiality of certain non-public information received in connection with each analytical process.

S&P Global Ratings does not contribute to or participate in the provision of investment advice. S&P Global Ratings may receive compensation for its ratings and certain analyses, normally from issuers or underwriters of securities or from obligors. S&P Global reserves the right to disseminate its opinions and analyses. S&P Global's public ratings and analyses are made available on its Web sites, www.standardandpoors.com (free of charge), and www.ratingsdirect.com and www.globalcreditportal.com (subscription), and may be distributed through other means, including via S&P Global publications and third-party redistributors. Additional information about our ratings fees is available at www.standardandpoors.com/usratingsfees.

S&P Global Market Intelligence and its affiliates provide a wide range of services to, or relating to, many organizations, including issuers of securities, investment advisers, broker-dealers, investment banks, other financial institutions and financial intermediaries, and accordingly may receive fees or other economic benefits from those organizations, including organizations whose securities or services they may recommend, rate, include in model portfolios, evaluate or otherwise address. SPIAS may consider research and other information from affiliates in making its investment recommendations.

SPIAS may consider research and other information from affiliates in making its investment recommendations. The investment policies of certain model portfolios specifically state that among the information SPIAS will consider in evaluating a security are the credit ratings assigned by S&P Global Ratings. SPIAS does not consider the ratings assigned by other credit rating agencies. Credit rating criteria and scales may differ among credit rating agencies. Ratings assigned by other credit rating agencies may reflect more or less favorable opinions of creditworthiness than ratings assigned by S&P Global Ratings.

The Funds are not sponsored, endorsed, sold or promoted by S&P and its affiliates and S&P and its affiliates make no representation regarding the advisability of investing in the Funds.

Goldman Sachs is a registered service mark of Goldman, Sachs & Co.

DoubleLine is a registered service mark of DoubleLine Capital LP.

The Product(s) is not sponsored, endorsed, sold or promoted by The Nasdaq Stock Market, Inc. (including its affiliates) (Nasdaq, with its affiliates, are referred to as the Corporations). The Corporations have not passed on the legality or suitability of or the accuracy or adequacy of descriptions and disclosures relating to the Product(s). The Corporations make no representation or warranty, express or implied to the Owners of the Product(s) or any member of the public regarding the advisability of investing in securities generally or in the Product(s) particularly, or the ability of the Nasdaq-100 Index® to track general stock market performance. The Corporations’ only relationship to Jackson (Licensee) is in the licensing of the Nasdaq-100®, Nasdaq-100 Index® and Nasdaq® trademarks or service marks, and certain trade names of the Corporations and the use of the Nasdaq-100 Index® which is determined, composed and calculated by Nasdaq without regard to Licensee or the Product(s). Nasdaq has no obligation to take the needs of the Licensee or the Owners of the Product(s) into consideration in determining, composing or calculating the Nasdaq-100 Index®. The Corporations are not responsible for and have not participated in the determination of the timing of, prices at or quantities of the Product(s) to be issued or in the determination or calculation of the equation by which the Product(s) is to be converted into cash. The Corporations have no liability in connection with the administration, marketing or trading of the Product(s).

THE CORPORATIONS DO NOT GUARANTEE THE ACCURACY AND/OR UNINTERRUPTED CALCULATION OF THE NASDAQ-100® OR ANY DATA INCLUDED THEREIN. THE CORPORATIONS MAKE NO WARRANTY,

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EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY LICENSEE, OWNERS OF THE PRODUCT(S) OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE NASDAQ-100 INDEX® OR ANY DATA INCLUDED THEREIN. THE CORPORATIONS MAKE NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIM AL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE NASDAQ-100® OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL THE CORPORATIONS HAVE ANY LIABILITY FOR ANY LOST PROFITS OR SPECIAL, INCIDENTAL, PUNITIVE, INDIRECT OR CONSEQUENTIAL DAMAGES, EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.

“The Nasdaq-100®,” “Nasdaq-100 Index®,” “Nasdaq Stock Market®” and “Nasdaq®” are trade or service marks of The Nasdaq, Inc. (which with its affiliates are the “Corporations”) and have been licensed for use by Jackson. The Corporations have not passed on the legality or suitability of the JNL/Mellon Capital Nasdaq® 100 Fund. The JNL/Mellon Capital Nasdaq® 100 Fund is not issued, endorsed, sponsored, managed, sold or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE JNL/MELLON CAPITAL NASDAQ® 100 FUND.

Russell Investment Group is the source and owner of the trademarks, service marks and copyrights related to the Russell Indexes. Russell is a trademark of Russell Investment Group.

JNL/Mellon Capital Small Cap Index Fund is not promoted, sponsored or endorsed by, nor in any way affiliated with Russell Investment Group ("Russell"). Russell is not responsible for and has not reviewed JNL/Mellon Capital Small Cap Index Fund nor any associated literature or publications and Russell makes no representation or warranty, express or implied, as to their accuracy, or completeness, or otherwise.

Russell reserves the right, at any time and without notice, to alter, amend, terminate or in any way change the Russell Indexes. Russell has no obligation to take the needs of any particular fund or its participants or any other product or person into consideration in determining, composing or calculating any of the Russell Indexes.

Russell's publication of the Russell Indexes in no way suggests or implies an opinion by Russell as to the attractiveness or appropriateness of investment in any or all securities upon which the Russell Indexes are based. RUSSELL MAKES NO REPRESENTATION, WARRANTY, OR GUARANTEE AS TO THE ACCURACY COMPLETENESS, RELIABILITY, OR OTHERWISE OF THE RUSSELL INDEXES. RUSSELL MAKES NO REPRESENTATION, WARRANTY OR GUARANTEE REGARDING THE USE, OR THE RESULTS OF USE, OF THE RUSSELL INDEXES OR ANY DATA INCLUDED THEREIN, OR ANY SECURITY (OR COMBINATION THEREOF) COMPRISING THE RUSSELL INDEXES. RUSSELL MAKES NO OTHER EXPRESS OR IMPLIED WARRANTY, AND EXPRESSLY DISCLAIMS ANY WARRANTY, OF ANY KIND, INCLUDING WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTIBILITY OR FITNESS FOR A PARTICULAR PURPOSE WITH RESPECT TO THE RUSSELL INDEX(ES) OR ANY DATA OR ANY SECURITY (OR COMBINATION THEREOF) INCLUDED THEREIN.

THE JNL/MELLON CAPITAL INTERNATIONAL INDEX FUND, THE JNL/MELLON CAPITAL EMERGING MARKETS INDEX FUND, THE JNL/MELLON CAPITAL MSCI KLD 400 SOCIAL INDEX FUND, THE JNL/MELLON CAPITAL UTILITIES SECTOR FUND, THE JNL/MELLON CAPITAL COMMUNICATIONS SECTOR FUND, THE JNL/MELLON CAPITAL CONSUMER BRANDS SECTOR FUND, THE JNL/MELLON CAPITAL FINANCIAL SECTOR FUND, THE JNL/MELLON CAPITAL HEALTHCARE SECTOR FUND, THE JNL/MELLON CAPITAL OIL & GAS SECTOR FUND OR THE JNL/MELLON CAPITAL TECHNOLOGY SECTOR FUND ARE NOT SPONSORED, ENDORSED, SOLD OR PROMOTED BY MSCI INC. (“MSCI”), ANY OF ITS AFFILIATES, ANY OF ITS INFORMATION PROVIDERS OR ANY OTHER THIRD PARTY INVOLVED IN, OR RELATED TO, COMPILING, COMPUTING OR CREATING ANY MSCI INDEX (COLLECTIVELY, THE “MSCI PARTIES”). THE MSCI INDEXES ARE THE EXCLUSIVE PROPERTY OF MSCI. MSCI AND THE MSCI INDEX NAMES ARE SERVICE MARK(S) OF MSCI OR ITS AFFILIATES AND HAVE BEEN LICENSED FOR USE FOR CERTAIN PURPOSES BY JACKSON NATIONAL ASSET MANAGEMENT, LLC. NONE OF THE MSCI PARTIES MAKES ANY REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, TO THE ISSUER OR OWNERS OF THE JNL/MELLON CAPITAL INTERNATIONAL INDEX FUND, THE JNL/MELLON CAPITAL EMERGING

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MARKETS INDEX FUND, THE JNL/MELLON CAPITAL MSCI KLD 400 SOCIAL INDEX FUND, THE JNL/MELLON CAPITAL UTILITIES SECTOR FUND, THE JNL/MELLON CAPITAL COMMUNICATIONS SECTOR FUND, THE JNL/MELLON CAPITAL CONSUMER BRANDS SECTOR FUND, THE JNL/MELLON CAPITAL FINANCIAL SECTOR FUND, THE JNL/MELLON CAPITAL HEALTHCARE SECTOR FUND, THE JNL/MELLON CAPITAL OIL & GAS SECTOR FUND OR THE JNL/MELLON CAPITAL TECHNOLOGY SECTOR FUND OR ANY OTHER PERSON OR ENTITY REGARDING THE ADVISABILITY OF INVESTING IN FUNDS GENERALLY OR IN THE JNL/MELLON CAPITAL INTERNATIONAL INDEX FUND, THE JNL/MELLON CAPITAL EMERGING MARKETS INDEX FUND, THE JNL/MELLON CAPITAL MSCI KLD 400 SOCIAL INDEX FUND, THE JNL/MELLON CAPITAL UTILITIES SECTOR FUND, THE JNL/MELLON CAPITAL COMMUNICATIONS SECTOR FUND, THE JNL/MELLON CAPITAL CONSUMER BRANDS SECTOR FUND, THE JNL/MELLON CAPITAL FINANCIAL SECTOR FUND, THE JNL/MELLON CAPITAL HEALTHCARE SECTOR FUND, THE JNL/MELLON CAPITAL OIL & GAS SECTOR FUND OR THE JNL/MELLON CAPITAL TECHNOLOGY SECTOR FUND PARTICULARLY OR THE ABILITY OF ANY MSCI INDEX TO TRACK CORRESPONDING STOCK MARKET PERFORMANCE. MSCI OR ITS AFFILIATES ARE THE LICENSORS OF CERTAIN TRADEMARKS, SERVICE MARKS AND TRADE NAMES AND OF THE MSCI INDEXES WHICH ARE DETERMINED, COMPOSED AND CALCULATED BY MSCI WITHOUT REGARD TO THE JNL/MELLON CAPITAL INTERNATIONAL INDEX FUND , THE JNL/MELLON CAPITAL EMERGING MARKETS INDEX FUND , OR THE JNL/MELLON CAPITAL MSCI KLD 400 SOCIAL INDEX FUND OR THE ISSUER OR OWNERS OF THE JNL/MELLON CAPITAL INTERNATIONAL INDEX FUND, THE JNL/MELLON CAPITAL EMERGING MARKETS INDEX FUND, THE JNL/MELLON CAPITAL MSCI KLD 400 SOCIAL INDEX FUND, THE JNL/MELLON CAPITAL UTILITIES SECTOR FUND, THE JNL/MELLON CAPITAL COMMUNICATIONS SECTOR FUND, THE JNL/MELLON CAPITAL CONSUMER BRANDS SECTOR FUND, THE JNL/MELLON CAPITAL FINANCIAL SECTOR FUND, THE JNL/MELLON CAPITAL HEALTHCARE SECTOR FUND, THE JNL/MELLON CAPITAL OIL & GAS SECTOR FUND OR THE JNL/MELLON CAPITAL TECHNOLOGY SECTOR FUND OR ANY OTHER PERSON OR ENTITY. NONE OF THE MSCI PARTIES HAS ANY OBLIGATION TO TAKE THE NEEDS OF THE ISSUER OR OWNERS OF THE JNL/MELLON CAPITAL INTERNATIONAL INDEX FUND, THE JNL/MELLON CAPITAL EMERGING MARKETS INDEX FUND, THE JNL/MELLON CAPITAL MSCI KLD 400 SOCIAL INDEX FUND, THE JNL/MELLON CAPITAL UTILITIES SECTOR FUND, THE JNL/MELLON CAPITAL COMMUNICATIONS SECTOR FUND, THE JNL/MELLON CAPITAL CONSUMER BRANDS SECTOR FUND, THE JNL/MELLON CAPITAL FINANCIAL SECTOR FUND, THE JNL/MELLON CAPITAL HEALTHCARE SECTOR FUND, THE JNL/MELLON CAPITAL OIL & GAS SECTOR FUND OR THE JNL/MELLON CAPITAL TECHNOLOGY SECTOR FUND OR ANY OTHER PERSON OR ENTITY INTO CONSIDERATION IN DETERMINING, COMPOSING OR CALCULATING THE MSCI INDEXES. NONE OF THE MSCI PARTIES IS RESPONSIBLE FOR OR HAS PARTICIPATED IN THE DETERMINATION OF THE TIMING OF, PRICES AT, OR QUANTITIES OF THE JNL/MELLON CAPITAL INTERNATIONAL INDEX FUND, THE JNL/MELLON CAPITAL EMERGING MARKETS INDEX FUND, THE JNL/MELLON CAPITAL MSCI KLD 400 SOCIAL INDEX FUND, THE JNL/MELLON CAPITAL UTILITIES SECTOR FUND, THE JNL/MELLON CAPITAL COMMUNICATIONS SECTOR FUND, THE JNL/MELLON CAPITAL CONSUMER BRANDS SECTOR FUND, THE JNL/MELLON CAPITAL FINANCIAL SECTOR FUND, THE JNL/MELLON CAPITAL HEALTHCARE SECTOR FUND, THE JNL/MELLON CAPITAL OIL & GAS SECTOR FUND OR THE JNL/MELLON CAPITAL TECHNOLOGY SECTOR FUND TO BE ISSUED OR IN THE DETERMINATION OR CALCULATION OF THE EQUATION BY OR THE CONSIDERATION INTO WHICH THE JNL/MELLON CAPITAL INTERNATIONAL INDEX FUND, THE JNL/MELLON CAPITAL EMERGING MARKETS INDEX FUND, THE JNL/MELLON CAPITAL MSCI KLD 400 SOCIAL INDEX FUND, THE JNL/MELLON CAPITAL UTILITIES SECTOR FUND, THE JNL/MELLON CAPITAL COMMUNICATIONS SECTOR FUND, THE JNL/MELLON CAPITAL CONSUMER BRANDS SECTOR FUND, THE JNL/MELLON CAPITAL FINANCIAL SECTOR FUND, THE JNL/MELLON CAPITAL HEALTHCARE SECTOR FUND, THE JNL/MELLON CAPITAL OIL & GAS SECTOR FUND OR THE JNL/MELLON CAPITAL TECHNOLOGY SECTOR FUND IS REDEEMABLE. FURTHER, NONE OF THE MSCI PARTIES HAS ANY OBLIGATION OR LIABILITY TO THE ISSUER OR OWNERS OF THE JNL/MELLON CAPITAL INTERNATIONAL INDEX FUND, THE JNL/MELLON CAPITAL EMERGING MARKETS INDEX FUND, THE JNL/MELLON CAPITAL MSCI KLD 400 SOCIAL INDEX FUND, THE JNL/MELLON CAPITAL UTILITIES SECTOR FUND, THE JNL/MELLON CAPITAL COMMUNICATIONS SECTOR FUND, THE JNL/MELLON CAPITAL CONSUMER BRANDS SECTOR FUND,

6

THE JNL/MELLON CAPITAL FINANCIAL SECTOR FUND, THE JNL/MELLON CAPITAL HEALTHCARE SECTOR FUND, THE JNL/MELLON CAPITAL OIL & GAS SECTOR FUND OR THE JNL/MELLON CAPITAL TECHNOLOGY SECTOR FUND OR ANY OTHER PERSON OR ENTITY IN CONNECTION WITH THE ADMINISTRATION, MARKETING OR OFFERING OF THE JNL/MELLON CAPITAL INTERNATIONAL INDEX FUND, THE JNL/MELLON CAPITAL EMERGING MARKETS INDEX FUND, THE JNL/MELLON CAPITAL MSCI KLD 400 SOCIAL INDEX FUND, THE JNL/MELLON CAPITAL UTILITIES SECTOR FUND, THE JNL/MELLON CAPITAL COMMUNICATIONS SECTOR FUND, THE JNL/MELLON CAPITAL CONSUMER BRANDS SECTOR FUND, THE JNL/MELLON CAPITAL FINANCIAL SECTOR FUND, THE JNL/MELLON CAPITAL HEALTHCARE SECTOR FUND, THE JNL/MELLON CAPITAL OIL & GAS SECTOR FUND OR THE JNL/MELLON CAPITAL TECHNOLOGY SECTOR FUND.

ALTHOUGH MSCI SHALL OBTAIN INFORMATION FOR INCLUSION IN OR FOR USE IN THE CALCULATION OF THE MSCI INDEXES FROM SOURCES THAT MSCI CONSIDERS RELIABLE, NONE OF THE MSCI PARTIES WARRANTS OR GUARANTEES THE ORIGINALITY, ACCURACY AND/OR THE COMPLETENESS OF ANY MSCI INDEX OR ANY DATA INCLUDED THEREIN. NONE OF THE MSCI PARTIES MAKES ANY WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY THE ISSUER OF THE JNL/MELLON CAPITAL INTERNATIONAL INDEX FUND, THE JNL/MELLON CAPITAL EMERGING MARKETS INDEX FUND, THE JNL/MELLON CAPITAL MSCI KLD 400 SOCIAL INDEX FUND, THE JNL/MELLON CAPITAL UTILITIES SECTOR FUND, THE JNL/MELLON CAPITAL COMMUNICATIONS SECTOR FUND, THE JNL/MELLON CAPITAL CONSUMER BRANDS SECTOR FUND, THE JNL/MELLON CAPITAL FINANCIAL SECTOR FUND, THE JNL/MELLON CAPITAL HEALTHCARE SECTOR FUND, THE JNL/MELLON CAPITAL OIL & GAS SECTOR FUND OR THE JNL/MELLON CAPITAL TECHNOLOGY SECTOR FUND, OWNERS OF THE JNL/MELLON CAPITAL INTERNATIONAL INDEX FUND, THE JNL/MELLON CAPITAL EMERGING MARKETS INDEX FUND, THE JNL/MELLON CAPITAL MSCI KLD 400 SOCIAL INDEX FUND, THE JNL/MELLON CAPITAL UTILITIES SECTOR FUND, THE JNL/MELLON CAPITAL COMMUNICATIONS SECTOR FUND, THE JNL/MELLON CAPITAL CONSUMER BRANDS SECTOR FUND, THE JNL/MELLON CAPITAL FINANCIAL SECTOR FUND, THE JNL/MELLON CAPITAL HEALTHCARE SECTOR FUND, THE JNL/MELLON CAPITAL OIL & GAS SECTOR FUND OR THE JNL/MELLON CAPITAL TECHNOLOGY SECTOR FUND, OR ANY OTHER PERSON OR ENTITY, FROM THE USE OF ANY MSCI INDEX OR ANY DATA INCLUDED THEREIN. NONE OF THE MSCI PARTIES SHALL HAVE ANY LIABILITY FOR ANY ERRORS, OMISSIONS OR INTERRUPTIONS OF OR IN CONNECTION WITH ANY MSCI INDEX OR ANY DATA INCLUDED THEREIN. FURTHER, NONE OF THE MSCI PARTIES MAKES ANY EXPRESS OR IMPLIED WARRANTIES OF ANY KIND, AND THE MSCI PARTIES HEREBY EXPRESSLY DISCLAIM ALL WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE, WITH RESPECT TO EACH MSCI INDEX AND ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL ANY OF THE MSCI PARTIES HAVE ANY LIABILITY FOR ANY DIRECT, INDIRECT, SPECIAL, PUNITIVE, CONSEQUENTIAL OR ANY OTHER DAMAGES (INCLUDING LOST PROFITS) EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.

Barclays Capital Inc. and its affiliates (“Barclays”) is not the issuer or producer of JNL/DoubleLine® Shiller Enhanced CAPE® Fund and Barclays has no responsibilities, obligations or duties to investors in JNL/DoubleLine® Shiller Enhanced CAPE® Fund. The Shiller Barclays CAPE™ US Sector ER USD Index is a trademark owned by Barclays Bank PLC and licensed for use by JNL Series Trust (“JNLST”) as the Issuer of JNL/DoubleLine® Shiller Enhanced CAPE® Fund. Barclays only relationship with the Issuer in respect of Shiller Barclays CAPE™ US Sector ER USD Index is the licensing of the Shiller Barclays CAPE™ US Sector ER USD Index which is determined, composed and calculated by Barclays without regard to the Issuer or the JNL/DoubleLine® Shiller Enhanced CAPE® Fund or the owners of the JNL/DoubleLine® Shiller Enhanced CAPE® Fund. Additionally, JNLST or JNL/DoubleLine® Shiller Enhanced CAPE® Fund may for itself execute transaction(s) with Barclays in or relating to the Shiller Barclays CAPE™ US Sector ER USD Index in connection with JNL/DoubleLine® Shiller Enhanced CAPE® Fund investors acquire JNL/DoubleLine® Shiller Enhanced CAPE® Fund from JNLST and investors neither acquire any interest in Shiller Barclays CAPE™ US Sector ER USD Index nor enter into any relationship of any kind whatsoever with Barclays upon making an investment in JNL/DoubleLine® Shiller Enhanced CAPE® Fund. The JNL/DoubleLine® Shiller Enhanced CAPE® Fund is not sponsored, endorsed, sold or promoted by Barclays. Barclays does not make any representation or warranty,

7

express or implied regarding the advisability of investing in the JNL/DoubleLine® Shiller Enhanced CAPE® Fund or the advisability of investing in securities generally or the ability of the Shiller Barclays CAPE™ US Sector ER USD Index to track corresponding or relative market performance.  Barclays has not passed on the legality or suitability of the JNL/DoubleLine® Shiller Enhanced CAPE® Fund with respect to any person or entity. Barclays is not responsible for and has not participated in the determination of the timing of, prices at, or quantities of the JNL/DoubleLine® Shiller Enhanced CAPE® Fund to be issued.  Barclays has no obligation to take the needs of the Issuer or the owners of the JNL/DoubleLine® Shiller Enhanced CAPE® Fund or any other third party into consideration in determining, composing or calculating the Shiller Barclays CAPE™ US Sector ER USD Index Barclays has no obligation or liability in connection with administration, marketing or trading of the JNL/DoubleLine® Shiller Enhanced CAPE® Fund.

The licensing agreement between JNLST and Barclays is solely for the benefit of JNLST and Barclays and not for the benefit of the owners of the JNL/DoubleLine® Shiller Enhanced CAPE® Fund, investors or other third parties.

BARCLAYS SHALL HAVE NO LIABILITY TO THE ISSUER, INVESTORS OR TO OTHER THIRD PARTIES FOR THE QUALITY, ACCURACY AND/OR COMPLETENESS OF THE Shiller Barclays CAPE™ US Sector ER USD Index OR ANY DATA INCLUDED THEREIN OR FOR INTERRUPTIONS IN THE DELIVERY OF THE Shiller Barclays CAPE™ US Sector ER USD Index. BARCLAYS MAKES NO WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY THE ISSUER, THE INVESTORS OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE Shiller Barclays CAPE™ US Sector ER USD Index OR ANY DATA INCLUDED THEREIN.  BARCLAYS MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND HEREBY EXPRESSLY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE Shiller Barclays CAPE™ US Sector ER USD Index OR ANY DATA INCLUDED THEREIN. BARCLAYS RESERVES THE RIGHT TO CHANGE THE METHODS OF CALCULATION OR PUBLICATION, OR TO CEASE THE CALCULATION OR PUBLICATION OF THE Shiller Barclays CAPETM US Sector ER USD Index, AND BARCLAYS SHALL NOT BE LIABLE FOR ANY MISCALCULATION OF OR ANY INCORRECT, DELAYED OR INTERRUPTED PUBLICATION WITH RESPECT TO ANY OF THE Shiller Barclays CAPE™ US Sector ER USD Index BARCLAYS SHALL NOT BE LIABLE FOR ANY DAMAGES, INCLUDING, WITHOUT LIMITATION, ANY SPECIAL, INDIRECT OR CONSEQUENTIAL DAMAGES, OR ANY LOST PROFITS AND EVEN IF ADVISED OF THE POSSIBILITY OF SUCH, RESULTING FROM THE USE OF THE Shiller Barclays CAPE™ US Sector ER USD Index OR ANY DATA INCLUDED THEREIN OR WITH RESPECT TO THE JNL/DOUBLELINE SHILLER ENHANCED CAPE FUND.

None of the information supplied by Barclays Bank PLC and used in this publication may be reproduced in any manner without the prior written permission of Barclays Capital, the investment banking division of Barclays Bank PLC. Barclays Bank PLC is registered in England No. 1026167. Registered office 1 Churchill Place London E l 4 5HP.

Services

Jackson of NY is the custodian of the assets of the Separate Account. Jackson of NY holds all cash of the Separate Account and attends to the collection of proceeds of shares of the underlying Fund bought and sold by the Separate Account.

The financial statements of each Investment Division within JNLNY Separate Account I and Jackson National Life Insurance Company of New York for the periods indicated have been included herein in reliance upon the reports of KPMG LLP, an independent registered public accounting firm, appearing elsewhere herein, and upon the authority of said firm as experts in accounting and auditing. KPMG LLP is located at Aon Center, 200 East Randolph Drive, Suite 5500, Chicago, Illinois 60601.

Jackson is the parent of Jackson National Asset Management, LLC (“JNAM”), the Funds’ investment adviser and administrator. Pursuant to an agreement between Jackson and JNAM, JNAM provides certain administrative services with respect to the Separate Account, including separate account administration services and financial and accounting services. For the past three years, Jackson paid $391,000 in 2014, $410,087 in 2015, and $501,239 in 2016 for the services provided by JNAM to Jackson.


8

Purchase of Securities Being Offered

The Contracts will be sold by licensed insurance agents. The agents will be registered representatives of broker-dealers that are registered under the Securities Exchange Act of 1934 and members of the Financial Industry Regulatory Authority (FINRA).

Underwriters

The Contracts are offered continuously and are distributed by Jackson National Life Distributors LLC (JNLD), 7601 Technology Way, Denver, Colorado 80237. JNLD is a subsidiary of Jackson.
 
For Elite Access Brokerage Edition SM contracts, the aggregate amount of commissions paid to broker/dealers was $1,057,778 in 2014, $1,599,990 in 2015, and $1,258,969 in 2016. JNLD did not retain any portion of the commissions.

Calculation of Performance

When Jackson of NY advertises performance for an Investment Division (except the JNL/WMC Government Money Market Division), we will include quotations of standardized average annual total return to facilitate comparison with standardized average annual total return advertised by other variable annuity separate accounts. Standardized average annual total return for an Investment Division will be shown for periods beginning on the date the Investment Division first invested in the corresponding Fund. We will calculate standardized average annual total return according to the standard methods prescribed by rules of the Securities and Exchange Commission.

Standardized average annual total return for a specific period is calculated by taking a hypothetical $1,000 investment in an Investment Division at the offering on the first day of the period ("initial investment"), and computing the average annual compounded rate of return for the period that would equate the initial investment with the ending redeemable value ("redeemable value") of that investment at the end of the period, carried to at least the nearest hundredth of a percent. Standardized average annual total return reflects the deduction of all recurring charges that are charged to all Contracts. The redeemable value also reflects the effect of any applicable withdrawal charge or other charge that may be imposed at the end of the period. No deduction is made for premium taxes that may be assessed by certain states.

Jackson of NY may also advertise non-standardized total return on an annualized and cumulative basis. Non-standardized total return may be for periods other than those required to be presented or may otherwise differ from standardized average annual total return. The Contract is designed for long-term investment; therefore, Jackson of NY believes that non-standardized total return that does not reflect the deduction of any applicable withdrawal charge may be useful to investors. Reflecting the deduction of the withdrawal charge decreases the level of performance advertised. Non-standardized total return may also assume a larger initial investment that more closely approximates the size of a typical Contract.

Standardized average annual total return quotations will be current to the last day of the calendar quarter preceding the date on which an advertisement is submitted for publication. Both standardized average annual total return quotations and non-standardized total return quotations will be based on rolling calendar quarters and will cover at least periods of one, five, and ten years, or a period covering the time the Investment Division has been in existence, if it has not been in existence for one of the prescribed periods.

Quotations of standardized average annual total return and non-standardized total return are based upon historical earnings and will fluctuate. Any quotation of performance should not be considered a guarantee of future performance. Factors affecting the performance of an Investment Division and its corresponding Fund include general market conditions, operating expenses and investment management. An owner's withdrawal value upon surrender of a Contract may be more or less than its original cost.

Jackson of NY may advertise the current annualized yield for a 30-day period for an Investment Division. The annualized yield of an Investment Division refers to the income generated by the Investment Division over a specified 30-day period. Because this yield is annualized, the yield generated by an Investment Division during the 30-day period is

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assumed to be generated each 30-day period. The yield is computed by dividing the net investment income per accumulation unit earned during the period by the price per unit on the last day of the period, according to the following formula:

saigraphica31.jpg

Where:

a
=
net investment income earned during the period by the Fund attributable to shares owned by the Investment Division.
b
=
expenses for the Investment Division accrued for the period (net of reimbursements).
c
=
the average daily number of accumulation units outstanding during the period.
d
=
the maximum offering price per accumulation unit on the last day of the period.

Net investment income will be determined in accordance with rules established by the Securities and Exchange Commission. Accrued expenses will include all recurring fees that are charged to all Contracts.

Because of the charges and deductions imposed by the Separate Account, the yield for an Investment Division will be lower than the yield for the corresponding Fund. The yield on amounts held in the Investment Divisions normally will fluctuate over time. Therefore, the disclosed yield for any given period is not an indication or representation of future yields or rates of return. An Investment Division's actual yield will be affected by the types and quality of portfolio securities held by the Fund and the Funds operating expenses.

Any current yield quotations of the JNL/WMC Government Money Market Division will consist of a seven calendar day historical yield, carried at least to the nearest hundredth of a percent. We may advertise yield for the Division based on different time periods, but we will accompany it with a yield quotation based on a seven calendar day period. The JNL/WMC Government Money Market Division's yield will be calculated by determining the net change, exclusive of capital changes, in the value of a hypothetical pre-existing account having a balance of one accumulation unit at the beginning of the base period, subtracting a hypothetical charge reflecting deductions from Contracts, and dividing the net change in account value by the value of the account at the beginning of the period to obtain a base period return and multiplying the base period return by (365/7). The JNL/WMC Government Money Market Division's effective yield is computed similarly but includes the effect of assumed compounding on an annualized basis of the current yield quotations of the Division.

The JNL/WMC Government Money Market Division's yield and effective yield will fluctuate daily. Actual yields will depend on factors such as the type of instruments in the Fund's portfolio, portfolio quality and average maturity, changes in interest rates, and the Fund's expenses. Although the Investment Division determines its yield on the basis of a seven calendar day period, it may use a different time period on occasion. The yield quotes may reflect the expense limitations described in the Fund's Prospectus or Statement of Additional Information. There is no assurance that the yields quoted on any given occasion will be maintained for any period of time and there is no guarantee that the net asset values will remain constant. It should be noted that neither a Contract owner's investment in the JNL/WMC Government Money Market Division nor that Division's investment in the JNL/WMC Government Money Market Division is guaranteed or insured. Yields of other money market Funds may not be comparable if a different base or another method of calculation is used.


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Additional Tax Information

NOTE: INFORMATION CONTAINED HEREIN SHOULD NOT BE SUBSTITUTED FOR THE ADVICE OF A PERSONAL TAX ADVISER. JACKSON OF NY DOES NOT MAKE ANY GUARANTEE REGARDING THE TAX STATUS OF ANY CONTRACT OR ANY TRANSACTION INVOLVING THE CONTRACTS. PURCHASERS BEAR THE COMPLETE RISK THAT THE CONTRACTS MAY NOT BE TREATED AS "ANNUITY CONTRACTS" UNDER FEDERAL INCOME TAX LAWS. IT SHOULD BE FURTHER UNDERSTOOD THAT THE FOLLOWING DISCUSSION IS NOT EXHAUSTIVE AND THAT OTHER SPECIAL RULES MAY BE APPLICABLE IN CERTAIN SITUATIONS. MOREOVER, NO ATTEMPT HAS BEEN MADE TO CONSIDER ANY APPLICABLE STATE OR OTHER TAX LAWS OR TO COMPARE THE TAX TREATMENT OF THE CONTRACTS TO THE TAX TREATMENT OF ANY OTHER INVESTMENT.

Jackson of NY's Tax Status

Jackson of NY is taxed as a life insurance company under the Internal Revenue Code of 1986, as amended (the "Code"). For federal income tax purposes, the Separate Account is not a separate entity from Jackson of NY and its operations form a part of Jackson of NY.

Taxation of Annuity Contracts in General

Section 72 of the Code governs the taxation of annuities in general. An individual owner is not taxed on increases in the value of a Contract until distribution occurs, either in the form of a withdrawal or as annuity payments under the annuity option elected. For a withdrawal received as a total surrender (total redemption or a death benefit), the recipient is taxed on the portion of the payment that exceeds the cost basis of the Contract. For a payment received as a partial withdrawal from a non-qualified Contract, federal tax liability is generally determined on a last-in, first-out basis, meaning taxable income is withdrawn before the cost basis of the Contract is withdrawn. In the case of a partial withdrawal under a tax-qualified Contract, a ratable portion of the amount received is taxable. For Contracts issued in connection with non-qualified plans, the cost basis is generally the premiums, while for Contracts issued in connection with tax-qualified plans there may be no cost basis. The taxable portion of a withdrawal is taxed at ordinary income tax rates. Tax penalties may also apply.

For annuity payments, a portion of each payment in excess of an exclusion amount is includable in taxable income. All annuity payments in excess of the exclusion amount are fully taxable at ordinary income rates.

The exclusion amount for payments based on a fixed annuity option is determined by multiplying the payment by the ratio that the cost basis of the Contract (adjusted for any period certain or refund feature) bears to the expected return under the Contract. The exclusion amount for payments based on a variable annuity option is determined by dividing the cost basis of the Contract (adjusted for any period certain or refund guarantee) by the fixed or estimated number of years for which annuity payments are to be made. No exclusion is allowed with respect to any payments received after the investment in the Contract has been recovered (i.e., when the total of the excludable amounts equals the investment in the Contract). For certain types of tax-qualified plans there may be no cost basis in the Contract within the meaning of Section 72 of the Code.

Owners, annuitants and beneficiaries under the Contracts should seek competent financial advice about the tax consequences of distributions.

Medicare Tax on Net Investment Income

Beginning in 2013, the taxable portion of distributions from a non-qualified annuity Contract will be considered investment income for purposes of the new Medicare tax on investment income. As a result, a 3.8% tax will generally apply to some or all of the taxable portion of distributions to individuals whose modified adjusted gross income exceeds certain threshold amounts. These levels are $200,000 in the case of single taxpayers, $250,000 in the case of married taxpayers filing joint returns, and $125,000 in the case of married taxpayers filing separately. Owners should consult their own tax advisers for more information.

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Withholding Tax on Distributions

The Code generally requires Jackson of NY (or, in some cases, a plan administrator) to withhold tax on the taxable portion of any distribution or withdrawal from a Contract. For "eligible rollover distributions" from Contracts issued under certain types of tax-qualified plans, 20% of the distribution must be withheld, unless the payee elects to have the distribution "rolled over" to another eligible plan in a direct transfer. This requirement is mandatory and cannot be waived by the owner.

An "eligible rollover distribution" is the taxable portion of any amount received by a covered employee from a plan qualified under Section 401(a) or 403(a) of the Code, from a tax sheltered annuity qualified under Section 403(b) of the Code or an eligible deferred compensation plan of a state or local government under Section 457(b) of the Code (other than (1) a series of substantially equal periodic payments (not less frequently than annually) for the life (or life expectancy) of the employee, or joint lives (or joint life expectancies) of the employee, and his or her designated beneficiary, or for a specified period of ten years or more; (2) minimum distributions required to be made under the Code; and (3) hardship withdrawals). Failure to "roll over" the entire amount of an eligible rollover distribution (including the amount equal to the 20% portion of the distribution that was withheld) could have adverse tax consequences, including the imposition of a penalty tax on premature withdrawals, described later in this section.

Withdrawals or distributions from a Contract other than eligible rollover distributions are also subject to withholding on the taxable portion of the distribution, but the owner may elect in such cases to waive the withholding requirement. If not waived, withholding is imposed (1) for periodic payments, at the rate that would be imposed if the payments were wages, or (2) for other distributions, at the rate of 10%. If no withholding exemption certificate is in effect for the payee, the rate under (1) above is computed by treating the payee as a married individual claiming three withholding exemptions.

Generally, the amount of any payment of interest to a non-resident alien of the United States shall be subject to withholding of a tax equal to 30% of such amount or, if applicable, a lower treaty rate. A payment may not be subject to withholding where the recipient sufficiently establishes that such payment is effectively connected to the recipient's conduct of a trade or business in the United States and such payment is included in the recipient's gross income.

Diversification -- Separate Account Investments

Section 817(h) of the Code imposes certain asset diversification standards on variable annuity Contracts. The Code provides that a variable annuity Contract will not be treated as an annuity Contract for any period (and any subsequent period) for which the investments held in any segregated asset account underlying the Contract are not adequately diversified, in accordance with regulations prescribed by the United States Treasury Department ("Treasury Department"). Disqualification of the Contract as an annuity Contract would result in imposition of federal income tax to the owner with respect to earnings allocable to the Contract prior to the receipt of payments under the Contract. The Code contains a safe harbor provision which provides that annuity Contracts, such as the Contracts, meet the diversification requirements if, as of the last day of each calendar quarter, or within 30 days after such last day, the underlying assets meet the diversification standards for a regulated investment company, and no more than 55% of the total assets consist of cash, cash items, U.S. government securities and securities of other regulated investment companies.

The Treasury Department has issued Regulations establishing diversification requirements for the mutual Funds underlying variable Contracts. These Regulations amplify the diversification requirements for variable Contracts set forth in the Code and provide an alternative to the safe harbor provision described above. Under these Regulations, a mutual Fund will be deemed adequately diversified if (1) no more than 55% of the value of the total assets of the mutual Fund is represented by any one investment; (2) no more than 70% of the value of the total assets of the mutual Fund is represented by any two investments; (3) no more than 80% of the value of the total assets of the mutual Fund is represented by any three investments; and (4) no more than 90% of the value of the total assets of the mutual Fund is represented by any four investments.


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Jackson of NY intends that each Fund of the JNL Series Trust, JNL Variable Fund LLC, and Jackson Variable Series Trust will be managed by its respective investment adviser in such a manner as to comply with these diversification requirements.

At the time the Treasury Department issued the diversification Regulations, it did not provide guidance regarding the circumstances under which Contract owner control of the investments of a segregated asset account would cause the Contract owner to be treated as the owner of the assets of the segregated asset account. Revenue Ruling 2003-91 provides such guidance by describing the circumstances under which the owner of a variable contract will not possess sufficient control over the assets underlying the contract to be treated as the owner of those assets for federal income tax purposes.

Rev. Rul. 2003-91 considered certain variable annuity and variable life insurance contracts and held that the types of actual and potential control that the contract owners could exercise over the investment assets held by the insurance company under these variable contracts was not sufficient to cause the contract owners to be treated as the owners of those assets and thus to be subject to current income tax on the income and gains produced by those assets. Under the contracts in Rev. Rul. 2003-91 there was no arrangement, plan, contract or agreement between the contract owner and the insurance company regarding the availability of a particular investment option and other than the contract owner's right to allocate premiums and transfer funds among the available sub-accounts, all investment decisions concerning the sub-accounts were made by the insurance company or an advisor in its sole and absolute discretion. Twelve investment options were available under the contracts in Rev. Rul. 2003-91 although the insurance company had the right to increase (but to no more than 20) or decrease the number of sub-accounts at any time. The contract owner was permitted to transfer amounts among the various investment options without limitation, subject to incurring fees for more than one transfer per 30-day period.

Like the contracts described in Rev. Rul. 2003-91, under the Contract there will be no arrangement, plan, contract or agreement between a Contract owner and Jackson of NY regarding the availability of a particular Allocation Option and other than the Contract owner's right to allocate premiums and transfer funds among the available Allocation Options, all investment decisions concerning the Allocation Options will be made by Jackson of NY or an advisor in its sole and absolute discretion. The Contract will differ from the contracts described in Rev. Rul. 2003-91 in two respects. The first difference is that the contracts described in Rev. Rul. 2003-91 provided only 12 investment options with the insurance company having the ability to add an additional 8 options whereas the Contract offers 121 Investment Divisions and at least one Fixed Account option, and, if more than 99 options are offered, a Contract owner's Contract Value can be allocated to no more than 99 variable and fixed options at any one time. The second difference is that the owner of a contract in Rev. Rul. 2003-91 could only make one transfer per 30-day period without a fee whereas during the accumulation phase, a Contract owner can make 15 transfers in any one year without a charge.

Rev. Rul. 2003-91 states that whether the owner of a variable contract is to be treated as the owner of the assets held by the insurance company under the contract will depend on all of the facts and circumstances. Jackson of NY does not believe that the differences between the Contract and the contracts described in Rev. Rul. 2003-91 with respect to the number of investment choices and the number of investment transfers that can be made under the Contract without an additional charge should prevent the holding in Rev. Rul. 2003-91 from applying to the owner of a Contract. At this time, however, it cannot be determined whether additional guidance will be provided by the IRS on this issue and what standards may be contained in such guidance. Jackson of NY reserves the right to modify the Contract to the extent required to maintain favorable tax treatment.

Multiple Contracts

The Code provides that multiple non-qualified annuity Contracts that are issued within a calendar year to the same Contract owner by one company or its affiliates are treated as one annuity Contract for purposes of determining the tax consequences of any distribution. Such treatment may result in adverse tax consequences including more rapid taxation of the distributed amounts from such multiple Contracts. For purposes of this rule, Contracts received in a Section 1035 exchange will be considered issued in the year of the exchange. Owners should consult a tax adviser prior to purchasing more than one annuity Contract in any calendar year.


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Partial 1035 Exchanges

In accordance with Revenue Procedure 2011-38, the IRS will consider a partial exchange of an annuity Contract for another annuity Contract valid if there is either no withdrawal from, or surrender of, either the surviving annuity contract or the new annuity contract within 180 days of the date of the partial exchange. Revenue Procedure 2011-38 also provides certain exceptions to the 180 day rule. Due to the complexity of these rules, owners are encouraged to consult their own tax advisers prior to entering into a partial exchange of an annuity Contract.

Contracts Owned by Other than Natural Persons

Under Section 72(u) of the Code, the investment earnings on premiums for Contracts will be taxed currently to the owner if the owner is a non-natural person, e.g., a corporation or certain other entities. Such Contracts generally will not be treated as annuities for federal income tax purposes (except for the taxation of life insurance companies). However, this treatment is not applied to Contracts held by a trust or other entity as an agent for a natural person nor to Contracts held by certain tax-qualified plans. Purchasers should consult their own tax counsel or other tax adviser before purchasing a Contract to be owned by a non-natural person.

Tax Treatment of Assignments

An assignment or pledge of a Contract may have tax consequences. Any assignment or pledge of a tax-qualified Contract may also be prohibited by ERISA in some circumstances. Owners should, therefore, consult competent legal advisers should they wish to assign or pledge their Contracts.

An assignment or pledge of all or any portion of the value of a Non-Qualified Contract is treated under Section 72 of the Code as an amount not received as an annuity. The value of the Contract assigned or pledged that exceeds the aggregate premiums paid will be included in the individual's gross income. In addition, the amount included in the individual's gross income could also be subject to the 10% penalty tax discussed below under Non-Qualified Contracts.

An assignment or pledge of all or any portion of the value of a Qualified Contract will disqualify the Qualified Contract. If the Qualified Contract is part of a qualified pension or profit-sharing plan, the Code prohibits the assignment or alienation of benefits provided under the plan. If the Qualified Contract is an IRA annuity or a 403(b) annuity, the Code requires the Qualified Contract to be nontransferable. If the Qualified Contract is part of an eligible deferred compensation plan, amounts cannot be made available to plan participants or beneficiaries: (1) until the calendar year in which the participant attains age 70 1/2; (2) when the participant has a severance from employment; or (3) when the participant is faced with an unforeseeable emergency.

Death Benefits

Any death benefits paid under the Contract are taxable to the beneficiary. The rules governing the taxation of payments from an annuity Contract, as discussed above, generally apply to the payment of death benefits and depend on whether the death benefits are paid as a lump sum or as annuity payments. Estate or gift taxes may also apply.

Tax-Qualified Plans

The Contracts offered by the Prospectus are designed to be suitable for use under various types of tax-qualified plans. Taxation of owners of a tax-qualified Contract will vary based on the type of plan and the terms and conditions of each specific plan. Owners, annuitants and beneficiaries are cautioned that benefits under a tax-qualified Contract may be subject to the terms and conditions of the plan, regardless of the terms and conditions of the Contracts issued to Fund the plan. Owners, annuitant and beneficiaries are also reminded that a tax-qualified Contract will not provide any necessary or additional tax deferral if it is used to fund a tax-qualified plan that is already tax-deferred.


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Tax Treatment of Withdrawals

Non-Qualified Contracts

Section 72 of the Code governs treatment of distributions from annuity Contracts. It provides that if the contract value exceeds the aggregate premiums made, any amount withdrawn not in the form of an annuity payment will be treated as coming first from the earnings and then, only after the income portion is exhausted, as coming from the principal. Withdrawn earnings are included in a taxpayer's gross income. Section 72 further provides that a 10% penalty will apply to the income portion of any distribution. The penalty is not imposed on amounts received: (1) after the taxpayer reaches 59 1/2; (2) upon the death of the owner; (3) if the taxpayer is totally disabled as defined in Section 72(m)(7) of the Code; (4) in a series of substantially equal periodic payments made at least annually for the life (or life expectancy) of the taxpayer or for the joint lives (or joint life expectancies) of the taxpayer and his beneficiary; (5) under an immediate annuity; or (6) which are allocable to premium payments made prior to August 14, 1982.

With respect to (4) above, if the series of substantially equal periodic payments is modified before the later of your attaining age 59 ½ or five years from the date of the first periodic payment, then the tax for the year of the modification is increased by an amount equal to the tax which would have been imposed (the 10% penalty tax) but for the exception, plus interest for the tax years in which the exception was used.

Tax-Qualified Contracts

In the case of a withdrawal under a tax-qualified Contract, a ratable portion of the amount received is taxable, generally based on the ratio of the individual's cost basis to the individual's total accrued benefit under the retirement plan. Special tax rules may be available for certain distributions from a tax-qualified Contract. Section 72(t) of the Code imposes a 10% penalty tax on the taxable portion of any distribution from qualified retirement plans, including Contracts issued and qualified under Code Sections 401 (pension and profit sharing plans), 403(b) (tax-sheltered annuities), individual retirement accounts and annuities under 408(a) and (b) (IRAs) and Roth IRAs under 408A. To the extent amounts are not included in gross income because they have been rolled over to an IRA or to another eligible qualified plan, no tax penalty will be imposed.

The tax penalty will not apply to the following distributions: (1) distributions made on or after the date on which the owner or annuitant (as applicable) reaches age 59 1/2; (2) distributions following the death or disability of the owner or annuitant (as applicable) (for this purpose "disability" is defined in Section 72(m)(7) of the Code); (3) distributions that are part of a series of substantially equal periodic payments made not less frequently than annually for the life (or life expectancy) of the owner or annuitant (as applicable) or the joint lives (or joint life expectancies) of such owner or annuitant (as applicable) and his or her designated beneficiary; (4) distributions to an owner or annuitant (as applicable) who has separated from service after he has attained age 55; (5) distributions made to the owner or annuitant (as applicable) to the extent such distributions do not exceed the amount allowable as a deduction under Code Section 213 to the owner or annuitant (as applicable) for amounts paid during the taxable year for medical care; (6) distributions made to an alternate payee pursuant to a qualified domestic relations order; (7) distributions made on account of an IRS levy upon the qualified Contracts; (8) distributions from an IRA after separation from employment for the purchase of medical insurance (as described in Section 213(d)(1)(D) of the Code) for the Contract owner or annuitant (as applicable) and his or her spouse and dependents if the Contract owner or annuitant (as applicable) has received unemployment compensation for at least 12 weeks (this exception will no longer apply after the Contract owner or annuitant (as applicable) has been re-employed for at least 60 days); (9) distributions from an IRA made to the owner or annuitant (as applicable) to the extent such distributions do not exceed the qualified higher education expenses (as defined in Section 72(t)(7) of the Code) (as applicable) for the taxable year; and (10) distributions from an IRA made to the owner or annuitant (as applicable) which are qualified first time home buyer distributions (as defined in Section 72(t)(8) of the Code). The exceptions stated in items (4) and (6) above do not apply in the case of an IRA. The exception stated in (3) above applies to an IRA without the requirement that there be a separation from service.

With respect to (3) above, if the series of substantially equal periodic payments is modified before the later of your attaining age 59 1/2 or five years from the date of the first periodic payment, then the tax for the year of the modification

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is increased by an amount equal to the tax which would have been imposed (the 10% penalty tax) but for the exception, plus interest for the tax years in which the exception was used.

Withdrawals of amounts attributable to contributions made pursuant to a salary reduction agreement (in accordance with Section 403(b)(11) of the Code) are limited to the following: when the owner attains age 59 1/2, severs employment, dies, becomes disabled (within the meaning of Section 72(m)(7) of the Code), or in the case of hardship. Hardship withdrawals do not include any earnings on salary reduction contributions. These limitations on withdrawals apply to: (1) salary reduction contributions made after December 31, 1988; (2) income attributable to such contributions; and (3) income attributable to amounts held as of December 31, 1988. The limitations on withdrawals do not affect rollovers or exchanges between certain tax-qualified plans. Tax penalties may also apply. While the foregoing limitations only apply to certain Contracts issued in connection with Section 403(b) plans, all owners should seek competent tax advice regarding any withdrawals or distributions.

The taxable portion of a withdrawal or distribution from tax-qualified Contracts may, under some circumstances, be "rolled over" into another eligible plan so as to continue to defer income tax on the taxable portion. Such treatment is available for an "eligible rollover distribution" made by certain types of plans (as described above under "Taxes - Withholding Tax on Distributions") that is transferred within 60 days of receipt into another eligible plan or an IRA. Plans making such eligible rollover distributions are also required, with some exceptions specified in the Code, to provide for a direct transfer of the distribution to the transferee plan designated by the recipient.

Amounts received from IRAs may also be rolled over into other IRAs or certain other plans, subject to limitations set forth in the Code.

Prior to the date that annuity payments begin under an annuity Contract, the required minimum distribution rules applicable to defined contribution plans and IRAs will be used. Generally, distributions from a tax-qualified plan must commence no later than April 1 of the calendar year following the year in which the employee attains the later of age 70 1/2 or the date of retirement. In the case of an IRA, distributions must commence no later than April 1 of the calendar year following the year in which the owner attains age 70 1/2. Required distributions from defined contribution plans and IRAs are determined by dividing the account balance by the appropriate distribution period found in a uniform lifetime distribution table set forth in IRS regulations. For this purpose, the entire interest under an annuity Contract is the account value under the Contract plus the actuarial value of any other benefits such as guaranteed death benefits that will be provided under the Contract.

If the sole beneficiary is the Contract holder's or employee's spouse and the spouse is more than 10 years younger than the employee, a longer distribution period measured by the joint life and last survivor expectancy of the Contract holder employee and spouse is permitted to be used. Distributions under a defined benefit plan or an annuity Contract must be paid in the form of periodic annuity payments for the employee's life (or the joint lives of the employee and beneficiary) or over a period certain that does not exceed the period under the uniform lifetime table for the employee's age in the year in which the annuity starting date occurs. If the required minimum distributions are not made, a 50% penalty tax on the amount not distributed is imposed on the individual.

Types of Tax-Qualified Plans

The Contracts offered herein are designed to be suitable for use under various types of tax-qualified plans. Taxation of participants in each tax-qualified plan varies with the type of plan and terms and conditions of each specific plan. Owners, Annuitants and Beneficiaries are cautioned that benefits under a tax-qualified plan may be subject to the terms and conditions of the plan regardless of the terms and conditions of the Contracts issued pursuant to the plan. Some retirement plans are subject to distribution and other requirements that are not incorporated into Jackson of NY's administrative procedures. Jackson of NY is not bound by the terms and conditions of such plans to the extent such terms conflict with the terms of a Contract, unless Jackson of NY specifically consents to be bound. Owners, Annuitants and Beneficiaries are responsible for determining that contributions, distributions and other transactions with respect to the Contracts comply with applicable law.


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A tax-qualified Contract will not provide any necessary or additional tax deferral if it is used to fund a tax-qualified plan that is tax deferred. However, the Contract has features and benefits other than tax deferral that may make it an appropriate investment for a tax-qualified plan. Following are general descriptions of the types of tax-qualified plans with which the Contracts may be used. Such descriptions are not exhaustive and are for general informational purposes only. The tax rules regarding tax-qualified plans are very complex and will have differing applications depending on individual facts and circumstances. Each purchaser should obtain competent tax advice prior to purchasing a Contract issued under a tax-qualified plan.

Contracts issued pursuant to tax-qualified plans include special provisions restricting Contract provisions that may otherwise be available as described herein. Generally, Contracts issued pursuant to tax-qualified plans are not transferable except upon surrender or annuitization. Various penalty and excise taxes may apply to contributions or distributions made in violation of applicable limitations. Furthermore, certain withdrawal penalties and restrictions may apply to surrenders from Tax-Qualified Contracts. (See "Tax Treatment of Withdrawals - Tax-Qualified Contracts" above.)

On July 6, 1983, the Supreme Court decided in Arizona Governing Committee v. Norris that benefits provided under an employer's deferred compensation plan could not, under Title VII of the Civil Rights Act of 1964, vary between men and women. The Contracts sold by Jackson of NY in connection with certain Tax-Qualified Plans will utilize tables that do not differentiate on the basis of sex. Such annuity tables will also be available for use in connection with certain non-qualified deferred compensation plans.

(a) Tax-Sheltered Annuities

Section 403(b) of the Code permits the purchase of "tax-sheltered annuities" by public schools and certain charitable, educational and scientific organizations described in Section 501(c) (3) of the Code. These qualifying employers may make contributions to the Contracts for the benefit of their employees. Such contributions are not included in the gross income of the employee until the employee receives distributions from the Contract. The amount of contributions to the tax‑sheltered annuity is limited to certain maximums imposed by the Code. Furthermore, the Code sets forth additional restrictions governing such items as transferability, distributions, non-discrimination and withdrawals. Employee loans are not allowed under these Contracts. Any employee should obtain competent tax advice as to the tax treatment and suitability of such an investment.

(b) Individual Retirement Annuities

Section 408(b) of the Code permits eligible individuals to contribute to an individual retirement program known as an "individual retirement annuity" ("IRA annuity"). Under applicable limitations, certain amounts may be contributed to an IRA annuity that will be deductible from the individual's gross income. IRA annuities are subject to limitations on eligibility, contributions, transferability and distributions. Sales of IRA annuities are subject to special requirements imposed by the Code, including the requirement that certain informational disclosure be given to persons desiring to establish an IRA. Purchasers of Contracts to be qualified as IRA annuities should obtain competent tax advice as to the tax treatment and suitability of such an investment.

(c) Roth IRA Annuities

Section 408A of the Code provides that individuals may purchase a non-deductible IRA annuity, known as a Roth IRA annuity. Purchase payments for Roth IRA annuities are limited to a maximum of $5,500 for 2017. The limit will be adjusted annually for inflation in $500 increments. In addition, the Act allows individuals age 50 and older to make additional catch-up IRA contributions. The otherwise maximum contribution limit (before application of adjusted gross income phase-out limits) for an individual who had celebrated his or her 50th birthday before the end of the tax year is increased by $1,000. The same contribution and catch-up contributions are also available for purchasers of Traditional IRA annuities.

Lower maximum limitations apply to individuals above certain adjusted gross income levels. For 2017, these levels are $118,000 in the case of single taxpayers, $186,000 in the case of married taxpayers filing joint returns, and $0 in

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the case of married taxpayers filing separately. These levels are indexed annually in $1,000 increments. An overall $5,500 annual limitation (increased as discussed above) continues to apply to all of a taxpayer's IRA annuity contributions, including Roth IRA annuities and non-Roth IRA annuities.

Qualified distributions from Roth IRA annuities are free from federal income tax. A qualified distribution requires that the individual has held the Roth IRA annuity for at least five years and, in addition, that the distribution is made either after the individual reaches age 59 1/2, on the individual's death or disability, or as a qualified first-time home purchase, subject to a $10,000 lifetime maximum, for the individual, a spouse, child, grandchild, or ancestor. Any distribution that is not a qualified distribution is taxable to the extent of earnings in the distribution. Distributions are treated as made from contributions first and therefore no distributions are taxable until distributions exceed the amount of contributions to the Roth IRA annuity. The 10% penalty tax and the regular IRA annuity exceptions to the 10% penalty tax apply to taxable distributions from Roth IRA annuities.

Amounts may be rolled over from one Roth IRA annuity to another Roth IRA annuity. Furthermore, an individual may make a rollover contribution from a non-Roth IRA annuity to a Roth IRA annuity. The individual must pay tax on any portion of the IRA annuity being rolled over that would be included in income if the distributions were not rolled over. There are no similar limitations on rollovers from one Roth IRA annuity to another Roth IRA annuity.

(d) Pension and Profit-Sharing Plans

The Internal Revenue Code permits employers, including self-employed individuals, to establish various types of qualified retirement plans for employees. These retirement plans may permit the purchase of the Contracts to provide benefits under the plan. Contributions to the plan for the benefit of employees will not be included in the gross income of the employee until distributed from the plan. The tax consequences to owners may vary depending upon the particular plan design. However, the Code places limitations on all plans on such items as amount of allowable contributions; form, manner and timing of distributions; vesting and non‑forfeitability of interests; nondiscrimination in eligibility and participation; and the tax treatment of distributions, transferability of benefits, withdrawals and surrenders. Purchasers of Contracts for use with pension or profit sharing plans should obtain competent tax advice as to the tax treatment and suitability of such an investment.

(e) Eligible Deferred Compensation Plans -- Section 457

Under Code provisions, employees and independent contractors performing services for state and local governments and other tax-exempt organizations may participate in eligible deferred compensation plans under Section 457 of the Code. The amounts deferred under a Plan that meets the requirements of Section 457 of the Code are not taxable as income to the participant until paid or otherwise made available to the participant or beneficiary. As a general rule, the maximum amount that can be deferred in any one year is the lesser of 100% of the participant's includible compensation or the $18,000 elective deferral limitation in 2017. The limit is indexed for inflation in $500 increments annually. In addition, the Act allows individuals in eligible deferred compensation plans of state or local governments age 50 and older to make additional catch-up contributions. The otherwise maximum contribution limit for an individual who had celebrated his or her 50th birthday before the end of the tax year is increased by $6,000. The same contribution and catch-up contributions are also available for participants in qualified pension and profit-sharing plans and tax-sheltered annuities under Section 403(b) of the Code.

In limited circumstances, the plan may provide for additional catch-up contributions in each of the last three years before normal retirement age. Furthermore, the Code provides additional requirements and restrictions regarding eligibility and distributions.

All of the assets and income of an eligible deferred compensation plan established by a governmental employer must be held in trust for the exclusive benefit of participants and their beneficiaries. For this purpose, custodial accounts and certain annuity Contracts are treated as trusts. The requirement of a trust does not apply to amounts under a Plan of a tax-exempt (non-governmental) employer. In addition, the requirement of a trust does not apply to amounts under a Plan of a governmental employer if the Plan is not an eligible plan within the meaning of section 457(b) of the Code. In the absence of such a trust, amounts under the plan will be subject to the claims of the employer's general creditors.

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In general, distributions from a Plan are prohibited under section 457 of the Code unless made after the participant:

•
attains age 70 1/2,
•
severs employment,
•
dies, or
•
suffers an unforeseeable financial emergency as defined in the regulations.

Under present federal tax law, amounts accumulated in a Plan of a tax-exempt (non-governmental) employer under section 457 of the Code cannot be transferred or rolled over on a tax-deferred basis except for certain transfers to other Plans under Section 457. Amounts accumulated in a Plan of a state or local government employer may be transferred or rolled over to another eligible deferred compensation plan of a state or local government, an IRA, a qualified pension or profit-sharing plan or a tax-sheltered annuity under Section 403(b) of the Code.

Annuity Provisions

Variable Annuity Payment

The initial annuity payment is determined by taking the Contract value allocated to that Investment Division, less any premium tax and any applicable Contract charges, and then applying it to the income option table specified in the Contract.  The appropriate rate must be determined by the sex (except where, as in the case of certain Qualified Plans and other employer-sponsored retirement plans, such classification is not permitted) and age of the annuitant and designated second person, if any.

The dollars applied are divided by 1,000 and the result multiplied by the appropriate annuity factor appearing in the table to compute the amount of the first monthly payment.  That amount is divided by the value of an annuity unit as of the Income Date to establish the number of annuity units representing each variable payment.  The number of annuity units determined for the first variable payment remains constant for the second and subsequent monthly variable payments, assuming that no reallocation of Contract values is made.

The amount of the second and each subsequent monthly variable payment is determined by multiplying the number of annuity units by the annuity unit value as of the business day next preceding the date on which each payment is due.

The mortality and expense experience will not adversely affect the dollar amount of the variable annuity payments once payments have commenced.

Annuity Unit Value

The initial value of an annuity unit of each Investment Division was set when the Investment Divisions were established.  The value may increase or decrease from one business day to the next.  The income option tables contained in the Contract are based on a 1.0% per annum assumed investment rate.

The value of a fixed number of annuity units will reflect the investment performance of the Investment Divisions elected, and the amount of each payment will vary accordingly.

For each Investment Division, the value of an annuity unit for any business day is determined by multiplying the annuity unit value for the immediately preceding business day by the percentage change in the value of an accumulation unit from the immediately preceding business day to the business day of valuation, calculated by use of the Net Investment Factor, described below. The result is then multiplied by a second factor which offsets the effect of the assumed net investment rate of 1.0% per annum.


19


Net Investment Factor

The net investment factor is an index applied to measure the net investment performance of an Investment Division from one valuation date to the next. The net investment factor for any Investment Division for any valuation period during the accumulation and annuity phases is determined by dividing (a) by (b) and then subtracting (c) from the result where:

(a)
is the net result of:
 
(1)
the net asset value of a Fund's share held in the Investment Division determined as of the valuation date at the end of the valuation period, plus
 
(2)
the per share amount of any dividend or other distribution declared by the Fund if the "ex-dividend" date occurs during the valuation period, plus or minus
 
(3)
a per share credit or charge with respect to any taxes paid or reserved for by Jackson of NY during the valuation period which are determined by Jackson of NY to be attributable to the operation of the Investment Division (no federal income taxes are applicable under present law);
(b)
is the net asset value of the Fund share held in the Investment Division determined as of the valuation date at the end of the preceding valuation period; and
(c)
is the asset charge factor determined by Jackson of NY for the valuation period to reflect the asset-based charges (the mortality and expense risk charge), administration charge, and any applicable charges for optional benefits.

Also see "Income Payments (The Income Phase)" in the Prospectus.

Condensed Financial Information

Accumulation Unit Values

The tables reflect the Accumulation Unit values for each Investment Division for the beginning and end of the periods indicated, and the number of Accumulation Units outstanding as of the end of the periods indicated - for Contracts with all levels of charges (and combinations of optional benefits), except base Contracts (with Administration Charge waiver and no optional benefits) or Contracts with the most expensive combination of charges and optional benefits, which can be found in the Prospectus. The tables do not provide partial year information. The tables provide Accumulation Unit values and the number of Accumulation Units outstanding only if that information is available throughout the period. Where Accumulation Unit values and the number of Accumulation Units outstanding are unavailable, either because of a partial year or a Fund not being offered, a “N/ A” is provided.

Contact the Annuity Service Center (our contact information is on the cover page of the Prospectus) to ask about the more timely Accumulation Unit values that are available for each Investment Division.

The Accumulation Unit value information for JNL/PPM America Total Return Fund (JNL Series Trust) includes historical information from the JNL/PPM America Total Return Fund (JNL Investors Series Trust) for periods before the merger of JNL/PPM America Total Return Fund (JNL Investors Series Trust) into JNL/PPM America Total Return Fund (JNL Series Trust), effective April 25, 2016.

Set forth below are fund changes and additions since the September 19, 2016 Supplement to the Prospectus dated April 25, 2016, for your information in reviewing Accumulation Unit information.

The following fund name changes are effective April 24, 2017 (whether or not in connection with a sub-adviser change):

JNL Series Trust
JNL/Goldman Sachs U.S. Equity Flex Fund to JNL/AQR Large Cap Relaxed Constraint Equity Fund
JNL/WMC Money Market Fund to JNL/WMC Government Money Market Fund

20
The following fund merger is effective April 24, 2017:

JNL Variable Fund LLC
JNL/Mellon Capital S&P ® 24 Fund merged into JNL/Mellon Capital JNL 5 Fund

Effective April 24, 2017, there are new Investment Divisions for which Accumulation Unit information is not yet available. The new Investment Divisions invest in the following Funds:

JNL Series Trust
JNL/American Funds Balanced Allocation Fund
JNL/American Funds Growth Allocation Fund
JNL/DFA Growth Allocation Fund
JNL/DFA Moderate Allocation Fund
JNL/Mellon Capital 10 x 10 Fund
JNL/Mellon Capital MSCI KLD 400 Social Index Fund
JNL Disciplined Moderate Fund
JNL Disciplined Moderate Growth Fund
JNL Disciplined Growth Fund

JNL Variable Fund LLC
JNL/Mellon Capital Dow SM Index Fund
JNL/Mellon Capital Global 30 Fund
JNL/Mellon Capital JNL 5 Fund



21



Accumulation Unit Values
 
 
Base Contract - 1.00%
 
 
 
 
 
Investment Divisions
December 31,
December 31,
 
2016
2015
JNAM Guidance - Alt 100 Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$10.27
$10.56
  End of period
$10.18
$10.27
 Accumulation units outstanding at the end of period
58,788
55,275
 
 
 
JNAM Guidance - Conservative Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$10.50
$10.79
  End of period
$10.86
$10.50
 Accumulation units outstanding at the end of period
6,130
1,168
 
 
 
JNAM Guidance - Equity 100 Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$13.14
$13.44
  End of period
$13.87
$13.14
 Accumulation units outstanding at the end of period
14,304
12,425
 
 
 
JNAM Guidance - Fixed Income 100 Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$9.52
$9.82
  End of period
$9.85
$9.52
 Accumulation units outstanding at the end of period
10,813
7,362
 
 
 
JNAM Guidance - Growth Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$11.01
$11.21
  End of period
$11.55
$11.01
 Accumulation units outstanding at the end of period
171,982
106,799
 
 
 
JNAM Guidance - Interest Rate Opportunities Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$9.3
N/A
  End of period
$9.63
N/A
 Accumulation units outstanding at the end of period
22,114
N/A
 
 
 
JNAM Guidance - Maximum Growth Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$12.20
$12.49
  End of period
$12.93
$12.20
 Accumulation units outstanding at the end of period
36,101
43,041
 
 
 
JNAM Guidance - Moderate Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$11.62
$11.90
  End of period
$12.11
$11.62
 Accumulation units outstanding at the end of period
313,474
333,311
 
 
 
Investment Divisions
December 31,
December 31,
 
2016
2015
JNAM Guidance - Moderate Growth Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$11.63
$11.90
  End of period
$12.17
$11.63
 Accumulation units outstanding at the end of period
241,261
157,566
 
 
 
JNAM Guidance - Real Assets Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL Alt 65 Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$17.35
N/A
  End of period
$17.73
N/A
 Accumulation units outstanding at the end of period
9,416
N/A
 
 
 
JNL Multi-Manager Alternative Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL Multi-Manager Mid Cap Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL Multi-Manager Small Cap Growth Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL Multi-Manager Small Cap Value Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$17.31
$19.30
  End of period
$21.21
$17.31
 Accumulation units outstanding at the end of period
17,929
17,680
 
 
 
JNL Tactical ETF Conservative Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$11.17
N/A
  End of period
$11.67
N/A
 Accumulation units outstanding at the end of period
8,816
N/A
 
 
 
Investment Divisions
December 31,
December 31,
 
2016
2015
JNL Tactical ETF Growth Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$12.66
$12.79
  End of period
$13.60
$12.66
 Accumulation units outstanding at the end of period
161,317
67,832
 
 
 
JNL Tactical ETF Moderate Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$12.06
$12.16
  End of period
$12.78
$12.06
 Accumulation units outstanding at the end of period
22,762
9,380
 
 
 
JNL/AB Dynamic Asset Allocation Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$9.93
$10.21
  End of period
$10.22
$9.93
 Accumulation units outstanding at the end of period
3,508
4,438
 
 
 
JNL/American Funds Global Growth Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$11.70
$11.08
  End of period
$11.63
$11.70
 Accumulation units outstanding at the end of period
55,786
52,709
 
 
 
JNL/American Funds Growth Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$15.28
$14.50
  End of period
$16.50
$15.28
 Accumulation units outstanding at the end of period
115,982
91,396
 
 
 
JNL/American Funds Growth-Income Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$16.69
$16.69
  End of period
$18.36
$16.69
 Accumulation units outstanding at the end of period
117,858
94,400
 
 
 
JNL/American Funds International Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$11.52
$12.22
  End of period
$11.75
$11.52
 Accumulation units outstanding at the end of period
53,324
41,782
 
 
 
JNL/AQR Managed Futures Strategy Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$11.42
$11.29
  End of period
$10.34
$11.42
 Accumulation units outstanding at the end of period
19,857
13,791
 
 
 
Investment Divisions
December 31,
December 31,
 
2016
2015
JNL/AQR Risk Parity Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$9.52
$10.72
  End of period
$10.33
$9.52
 Accumulation units outstanding at the end of period
8,030
4,698
 
 
 
JNL/BlackRock Global Allocation Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$11.89
$12.18
  End of period
$12.24
$11.89
 Accumulation units outstanding at the end of period
305,827
262,542
 
 
 
JNL/BlackRock Global Long Short Credit Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$9.82
$10.05
  End of period
$9.99
$9.82
 Accumulation units outstanding at the end of period
15,233
15,081
 
 
 
JNL/BlackRock Global Natural Resources Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$7.30
$9.67
  End of period
$9.14
$7.30
 Accumulation units outstanding at the end of period
14,730
15,772
 
 
 
JNL/Boston Partners Global Long Short Equity Division
 
 Accumulation unit value:
 
 
  Beginning of period
$10.32
$9.83
  End of period
$10.41
$10.32
 Accumulation units outstanding at the end of period
13,389
8,142
 
 
 
JNL/Brookfield Global Infrastructure and MLP Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$12.74
$15.80
  End of period
$14.20
$12.74
 Accumulation units outstanding at the end of period
12,186
16,340
 
 
 
JNL/Crescent High Income Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/DFA U.S. Core Equity Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$27.80
$28.68
  End of period
$31.38
$27.80
 Accumulation units outstanding at the end of period
14,136
8,508
 
 
 
Investment Divisions
December 31,
December 31,
 
2016
2015
JNL/DFA U.S. Micro Cap Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$13.64
$14.48
  End of period
$17.12
$13.64
 Accumulation units outstanding at the end of period
1,719
271
 
 
 
JNL/DoubleLine Emerging Markets Fixed Income Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/DoubleLine Shiller Enhanced CAPE Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$10.96
N/A
  End of period
$12.90
N/A
 Accumulation units outstanding at the end of period
8,668
N/A
 
 
 
JNL/DoubleLine Total Return Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$10.58
$10.51
  End of period
$10.69
$10.58
 Accumulation units outstanding at the end of period
71,790
54,663
 
 
 
JNL/Eaton Vance Global Macro Absolute Return Advantage Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$9.90
$9.80
  End of period
$10.44
$9.90
 Accumulation units outstanding at the end of period
6,294
4,814
 
 
 
JNL/Epoch Global Shareholder Yield Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$12.81
$13.61
  End of period
$13.59
$12.81
 Accumulation units outstanding at the end of period
29,233
14,339
 
 
 
JNL/FAMCO Flex Core Covered Call Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$11.74
$12.25
  End of period
$12.57
$11.74
 Accumulation units outstanding at the end of period
—
798
 
 
 
JNL/FPA + Doubleline Flexible Allocation Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$12.56
$13.96
  End of period
$12.89
$12.56
 Accumulation units outstanding at the end of period
20,063
25,206
 
 
 
Investment Divisions
December 31,
December 31,
 
2016
2015
JNL/Franklin Templeton Global Multisector Bond Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$11.25
$11.86
  End of period
$11.56
$11.25
 Accumulation units outstanding at the end of period
34,323
21,672
 
 
 
JNL/Franklin Templeton Income Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$13.39
$14.60
  End of period
$15.13
$13.39
 Accumulation units outstanding at the end of period
60,343
62,192
 
 
 
JNL/Franklin Templeton International Small Cap Growth Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$10.47
$10.19
  End of period
$10.25
$10.47
 Accumulation units outstanding at the end of period
23,385
35,972
 
 
 
JNL/Goldman Sachs Emerging Markets Debt Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$11.29
$13.01
  End of period
$12.19
$11.29
 Accumulation units outstanding at the end of period
4,651
3,881
 
 
 
JNL/Harris Oakmark Global Equity Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$8.8
N/A
  End of period
$9.80
N/A
 Accumulation units outstanding at the end of period
6,762
N/A
 
 
 
JNL/Invesco China-India Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$7.65
$8.14
  End of period
$7.32
$7.65
 Accumulation units outstanding at the end of period
2,094
1,155
 
 
 
JNL/Invesco Global Real Estate Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$17.13
$17.47
  End of period
$17.37
$17.13
 Accumulation units outstanding at the end of period
21,722
20,321
 
 
 
JNL/Invesco International Growth Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$21.40
$22.06
  End of period
$20.93
$21.40
 Accumulation units outstanding at the end of period
19,498
17,435
 
 
 
Investment Divisions
December 31,
December 31,
 
2016
2015
JNL/Invesco Small Cap Growth Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$26.38
$27.13
  End of period
$29.13
$26.38
 Accumulation units outstanding at the end of period
29,398
30,418
 
 
 
JNL/JPMorgan MidCap Growth Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$44.59
$43.72
  End of period
$44.38
$44.59
 Accumulation units outstanding at the end of period
13,578
13,115
 
 
 
JNL/Lazard Emerging Markets Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$10.53
$13.08
  End of period
$12.44
$10.53
 Accumulation units outstanding at the end of period
19,336
19,840
 
 
 
JNL/Lazard International Strategic Equity Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$11.62
$11.25
  End of period
$10.92
$11.62
 Accumulation units outstanding at the end of period
22,882
22,094
 
 
 
JNL/Mellon Capital Bond Index Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$14.97
$15.14
  End of period
$15.10
$14.97
 Accumulation units outstanding at the end of period
68,066
49,710
 
 
 
JNL/Mellon Capital Communications Sector Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$8.51
$8.36
  End of period
$10.41
$8.51
 Accumulation units outstanding at the end of period
5,905
4,758
 
 
 
JNL/Mellon Capital Consumer Brands Sector Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$24.94
$23.78
  End of period
$26.21
$24.94
 Accumulation units outstanding at the end of period
4,020
23
 
 
 
JNL/Mellon Capital Emerging Markets Index Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$7.99
$9.53
  End of period
$8.71
$7.99
 Accumulation units outstanding at the end of period
24,746
13,692
 
 
 
Investment Divisions
December 31,
December 31,
 
2016
2015
JNL/Mellon Capital European 30 Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$14.39
$14.82
  End of period
$13.99
$14.39
 Accumulation units outstanding at the end of period
12,974
9,507
 
 
 
JNL/Mellon Capital Financial Sector Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$12.61
$12.88
  End of period
$15.49
$12.61
 Accumulation units outstanding at the end of period
2,881
2,882
 
 
 
JNL/Mellon Capital Healthcare Sector Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$29.01
$27.49
  End of period
$27.62
$29.01
 Accumulation units outstanding at the end of period
16,305
11,653
 
 
 
JNL/Mellon Capital International Index Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$17.83
$18.20
  End of period
$17.79
$17.83
 Accumulation units outstanding at the end of period
37,758
25,626
 
 
 
JNL/Mellon Capital NASDAQ 100 Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$22.80
$22.71
  End of period
$24.37
$22.80
 Accumulation units outstanding at the end of period
18,187
12,002
 
 
 
JNL/Mellon Capital Oil & Gas Sector Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$29.49
$38.81
  End of period
$37.14
$29.49
 Accumulation units outstanding at the end of period
2,639
594
 
 
 
JNL/Mellon Capital Pacific Rim 30 Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$16.79
N/A
  End of period
$18.22
N/A
 Accumulation units outstanding at the end of period
765
N/A
 
 
 
JNL/Mellon Capital S&P 24 Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$14.86
N/A
  End of period
$15.13
N/A
 Accumulation units outstanding at the end of period
959
N/A
 
 
 
Investment Divisions
December 31,
December 31,
 
2016
2015
JNL/Mellon Capital S&P 400 MidCap Index Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$27.06
$28.09
  End of period
$32.18
$27.06
 Accumulation units outstanding at the end of period
27,194
21,055
 
 
 
JNL/Mellon Capital S&P 500 Index Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$18.97
$18.99
  End of period
$20.92
$18.97
 Accumulation units outstanding at the end of period
193,783
147,918
 
 
 
JNL/Mellon Capital S&P SMid 60 Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$15.76
$16.76
  End of period
$20.97
$15.76
 Accumulation units outstanding at the end of period
5,183
3,742
 
 
 
JNL/Mellon Capital Small Cap Index Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$22.99
$24.33
  End of period
$28.65
$22.99
 Accumulation units outstanding at the end of period
24,109
16,812
 
 
 
JNL/Mellon Capital Technology Sector Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$12.35
$11.95
  End of period
$13.85
$12.35
 Accumulation units outstanding at the end of period
27,443
13,253
 
 
 
JNL/Mellon Capital Utilities Sector Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$11.16
$11.92
  End of period
$12.91
$11.16
 Accumulation units outstanding at the end of period
4,166
4,244
 
 
 
JNL/MMRS Conservative Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$10.08
$10.42
  End of period
$10.38
$10.08
 Accumulation units outstanding at the end of period
2,750
5,619
 
 
 
JNL/MMRS Growth Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
Investment Divisions
December 31,
December 31,
 
2016
2015
JNL/MMRS Moderate Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$9.81
$10.39
  End of period
$10.02
$9.81
 Accumulation units outstanding at the end of period
793
793
 
 
 
JNL/Neuberger Berman Currency Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$10.09
$10.01
  End of period
$9.83
$10.09
 Accumulation units outstanding at the end of period
1,526
1,459
 
 
 
JNL/Neuberger Berman Risk Balanced Commodity Strategy Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Nicholas Convertible Arbitrage Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$9.79
$10.19
  End of period
$10.03
$9.79
 Accumulation units outstanding at the end of period
1,915
1,915
 
 
 
JNL/Oppenheimer Emerging Markets Innovator Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$8.43
N/A
  End of period
$8.31
N/A
 Accumulation units outstanding at the end of period
10,179
N/A
 
 
 
JNL/PIMCO Credit Income Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$10.75
$10.96
  End of period
$11.32
$10.75
 Accumulation units outstanding at the end of period
2,900
2,794
 
 
 
JNL/PIMCO Real Return Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$13.58
$14.16
  End of period
$14.14
$13.58
 Accumulation units outstanding at the end of period
5,973
906
 
 
 
JNL/PIMCO Total Return Bond Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$21.28
$21.41
  End of period
$21.65
$21.28
 Accumulation units outstanding at the end of period
42,014
21,891
 
 
 
Investment Divisions
December 31,
December 31,
 
2016
2015
JNL/PPM America Floating Rate Income Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$10.66
$10.91
  End of period
$11.55
$10.66
 Accumulation units outstanding at the end of period
38,442
19,060
 
 
 
JNL/PPM America High Yield Bond Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$19.32
$20.96
  End of period
$22.39
$19.32
 Accumulation units outstanding at the end of period
24,586
9,598
 
 
 
JNL/PPM America Long Short Credit Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/PPM America Mid Cap Value Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$15.56
$17.09
  End of period
$19.63
$15.56
 Accumulation units outstanding at the end of period
13,123
11,099
 
 
 
JNL/PPM America Total Return Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$16.07
N/A
  End of period
$16.80
N/A
 Accumulation units outstanding at the end of period
4,088
N/A
 
 
 
JNL/Red Rocks Listed Private Equity Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$14.87
$15.08
  End of period
$15.93
$14.87
 Accumulation units outstanding at the end of period
10,304
23,721
 
 
 
JNL/S&P 4 Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$19.41
$20.65
  End of period
$21.19
$19.41
 Accumulation units outstanding at the end of period
118,170
155,300
 
 
 
JNL/S&P International 5 Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
Investment Divisions
December 31,
December 31,
 
2016
2015
JNL/S&P MID 3 Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$10.03
$11.33
  End of period
$11.71
$10.03
 Accumulation units outstanding at the end of period
9,683
1,597
 
 
 
JNL/Scout Unconstrained Bond Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$9.41
$9.56
  End of period
$9.74
$9.41
 Accumulation units outstanding at the end of period
9,698
9,733
 
 
 
JNL/T. Rowe Price Capital Appreciation Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$12.03
$11.63
  End of period
$12.84
$12.03
 Accumulation units outstanding at the end of period
55,699
37,611
 
 
 
JNL/T. Rowe Price Established Growth Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$59.84
$54.60
  End of period
$60.09
$59.84
 Accumulation units outstanding at the end of period
15,992
11,151
 
 
 
JNL/T. Rowe Price Short-Term Bond Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$10.70
$10.78
  End of period
$10.75
$10.70
 Accumulation units outstanding at the end of period
23,502
20,911
 
 
 
JNL/T. Rowe Price Value Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$26.11
$26.87
  End of period
$28.66
$26.11
 Accumulation units outstanding at the end of period
28,851
23,140
 
 
 
JNL/The Boston Company Equity Income Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$15.58
$16.02
  End of period
$18.29
$15.58
 Accumulation units outstanding at the end of period
20,414
13,434
 
 
 
JNL/The London Company Focused U.S. Equity Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$10.94
$11.21
  End of period
$12.64
$10.94
 Accumulation units outstanding at the end of period
38,128
26,593
 
 
 
Investment Divisions
December 31,
December 31,
 
2016
2015
JNL/Van Eck International Gold Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$3.13
$4.31
  End of period
$4.75
$3.13
 Accumulation units outstanding at the end of period
4,793
1,887
 
 
 
JNL/WCM Focused International Equity Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$10.78
$10.29
  End of period
$10.68
$10.78
 Accumulation units outstanding at the end of period
6,175
5,013
 
 
 
JNL/Westchester Capital Event Driven Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$9.43
N/A
  End of period
$9.58
N/A
 Accumulation units outstanding at the end of period
582
N/A
 
 
 
JNL/WMC Balanced Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$42.83
$43.66
  End of period
$46.99
$42.83
 Accumulation units outstanding at the end of period
39,579
17,399
 
 
 
JNL/WMC Money Market Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$13.11
$13.24
  End of period
$12.98
$13.11
 Accumulation units outstanding at the end of period
206,945
59,329




Accumulation Unit Values
 
 
Contract with Optional Benefits - 1.10%
 
 
 
 
 
Investment Divisions
December 31,
December 31,
 
2016
2015
JNAM Guidance - Alt 100 Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNAM Guidance - Conservative Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNAM Guidance - Equity 100 Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNAM Guidance - Fixed Income 100 Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNAM Guidance - Growth Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNAM Guidance - Interest Rate Opportunities Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNAM Guidance - Maximum Growth Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNAM Guidance - Moderate Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
Investment Divisions
December 31,
December 31,
 
2016
2015
JNAM Guidance - Moderate Growth Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNAM Guidance - Real Assets Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL Alt 65 Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL Multi-Manager Alternative Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL Multi-Manager Mid Cap Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL Multi-Manager Small Cap Growth Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL Multi-Manager Small Cap Value Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL Tactical ETF Conservative Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
Investment Divisions
December 31,
December 31,
 
2016
2015
JNL Tactical ETF Growth Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL Tactical ETF Moderate Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/AB Dynamic Asset Allocation Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/American Funds Global Growth Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/American Funds Growth Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/American Funds Growth-Income Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/American Funds International Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/AQR Managed Futures Strategy Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
Investment Divisions
December 31,
December 31,
 
2016
2015
JNL/AQR Risk Parity Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/BlackRock Global Allocation Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/BlackRock Global Long Short Credit Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/BlackRock Global Natural Resources Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Boston Partners Global Long Short Equity Division
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Brookfield Global Infrastructure and MLP Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Crescent High Income Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/DFA U.S. Core Equity Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
Investment Divisions
December 31,
December 31,
 
2016
2015
JNL/DFA U.S. Micro Cap Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/DoubleLine Emerging Markets Fixed Income Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/DoubleLine Shiller Enhanced CAPE Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/DoubleLine Total Return Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Eaton Vance Global Macro Absolute Return Advantage Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Epoch Global Shareholder Yield Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/FAMCO Flex Core Covered Call Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/FPA + Doubleline Flexible Allocation Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
Investment Divisions
December 31,
December 31,
 
2016
2015
JNL/Franklin Templeton Global Multisector Bond Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Franklin Templeton Income Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Franklin Templeton International Small Cap Growth Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Goldman Sachs Emerging Markets Debt Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Harris Oakmark Global Equity Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Invesco China-India Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Invesco Global Real Estate Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Invesco International Growth Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
Investment Divisions
December 31,
December 31,
 
2016
2015
JNL/Invesco Small Cap Growth Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/JPMorgan MidCap Growth Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Lazard Emerging Markets Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Lazard International Strategic Equity Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Mellon Capital Bond Index Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Mellon Capital Communications Sector Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Mellon Capital Consumer Brands Sector Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Mellon Capital Emerging Markets Index Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
Investment Divisions
December 31,
December 31,
 
2016
2015
JNL/Mellon Capital European 30 Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$14.29
N/A
  End of period
$13.87
N/A
 Accumulation units outstanding at the end of period
6,417
N/A
 
 
 
JNL/Mellon Capital Financial Sector Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Mellon Capital Healthcare Sector Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Mellon Capital International Index Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$17.58
N/A
  End of period
$17.53
N/A
 Accumulation units outstanding at the end of period
7,561
N/A
 
 
 
JNL/Mellon Capital NASDAQ 100 Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Mellon Capital Oil & Gas Sector Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Mellon Capital Pacific Rim 30 Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Mellon Capital S&P 24 Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
Investment Divisions
December 31,
December 31,
 
2016
2015
JNL/Mellon Capital S&P 400 MidCap Index Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$26.68
N/A
  End of period
$31.70
N/A
 Accumulation units outstanding at the end of period
5,508
N/A
 
 
 
JNL/Mellon Capital S&P 500 Index Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$18.71
N/A
  End of period
$20.61
N/A
 Accumulation units outstanding at the end of period
18,685
N/A
 
 
 
JNL/Mellon Capital S&P SMid 60 Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Mellon Capital Small Cap Index Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$22.67
N/A
  End of period
$28.22
N/A
 Accumulation units outstanding at the end of period
5,991
N/A
 
 
 
JNL/Mellon Capital Technology Sector Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
$12.15
N/A
  End of period
$13.61
N/A
 Accumulation units outstanding at the end of period
8,416
N/A
 
 
 
JNL/Mellon Capital Utilities Sector Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/MMRS Conservative Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/MMRS Growth Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
Investment Divisions
December 31,
December 31,
 
2016
2015
JNL/MMRS Moderate Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Neuberger Berman Currency Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Neuberger Berman Risk Balanced Commodity Strategy Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Nicholas Convertible Arbitrage Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Oppenheimer Emerging Markets Innovator Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/PIMCO Credit Income Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/PIMCO Real Return Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/PIMCO Total Return Bond Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
Investment Divisions
December 31,
December 31,
 
2016
2015
JNL/PPM America Floating Rate Income Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/PPM America High Yield Bond Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/PPM America Long Short Credit Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/PPM America Mid Cap Value Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/PPM America Total Return Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Red Rocks Listed Private Equity Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/S&P 4 Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/S&P International 5 Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
Investment Divisions
December 31,
December 31,
 
2016
2015
JNL/S&P MID 3 Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Scout Unconstrained Bond Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/T. Rowe Price Capital Appreciation Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/T. Rowe Price Established Growth Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/T. Rowe Price Short-Term Bond Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/T. Rowe Price Value Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/The Boston Company Equity Income Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/The London Company Focused U.S. Equity Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
Investment Divisions
December 31,
December 31,
 
2016
2015
JNL/Van Eck International Gold Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/WCM Focused International Equity Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/Westchester Capital Event Driven Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/WMC Balanced Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A
 
 
 
JNL/WMC Money Market Division
 
 
 Accumulation unit value:
 
 
  Beginning of period
N/A
N/A
  End of period
N/A
N/A
 Accumulation units outstanding at the end of period
N/A
N/A






APPENDIX A



JNLNY Separate Account I

jacksonsaicovera01.jpg
Financial Statements

December 31, 2016




JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Assets and Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JG - Alt 100 Fund
 
JG - Conservative Fund
 
JG - Equity 100 Fund
 
JG - Fixed Income 100 Fund
 
JG - Growth Fund
 
JG - Interest Rate Opportunities Fund
 
JG - Maximum Growth Fund
 
JG - Moderate Fund
 
JG - Moderate Growth Fund
 
JG - Real Assets Fund
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Investments, at fair value (a)
 
$
23,432,466

 
$
12,340,961

 
$
6,041,628

 
$
4,803,221

 
$
23,405,296

 
$
3,609,900

 
$
13,062,841

 
$
33,433,331

 
$
48,537,580

 
$
440,454

Receivables:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Investments in Fund shares sold
 
17,696

 
45,157

 
167

 
33,907

 
629

 
107

 
11,721

 
1,008

 
58,690

 
13

   Investment Division units sold
 
—

 
—

 
—

 
—

 
6,500

 
—

 
—

 
—

 
4,000

 
—

Total assets
 
23,450,162

 
12,386,118

 
6,041,795

 
4,837,128

 
23,412,425

 
3,610,007

 
13,074,562

 
33,434,339

 
48,600,270

 
440,467

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Payables:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Investments in Fund shares purchased
 
—

 
—

 
—

 
—

 
6,500

 
—

 
—

 
—

 
4,000

 
—

   Investment Division units redeemed
 
17,016

 
44,791

 
—

 
33,771

 
6

 
—

 
11,366

 
54

 
57,301

 
—

   Insurance fees due to Jackson
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      of New York
 
680

 
366

 
167

 
136

 
623

 
107

 
355

 
954

 
1,389

 
13

Total liabilities
 
17,696

 
45,157

 
167

 
33,907

 
7,129

 
107

 
11,721

 
1,008

 
62,690

 
13

Net assets (Note 7)
 
$
23,432,466

 
$
12,340,961

 
$
6,041,628

 
$
4,803,221

 
$
23,405,296

 
$
3,609,900

 
$
13,062,841

 
$
33,433,331

 
$
48,537,580

 
$
440,454

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Investments in Funds, shares outstanding
 
2,310,894

 
1,123,949

 
490,392

 
481,285

 
2,035,243

 
375,249

 
1,040,035

 
2,807,165

 
4,004,751

 
47,565

      Investments in Funds, at cost
 
$
24,387,500

 
$
12,191,965

 
$
6,108,973

 
$
4,807,990

 
$
22,586,561

 
$
3,679,982

 
$
12,838,180

 
$
33,064,564

 
$
47,562,002

 
$
456,655


See notes to financial statements.

1

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Assets and Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL Tactical ETF Conservative Fund
 
JNL Tactical ETF Growth Fund
 
JNL Tactical ETF Moderate Fund
 
JNL/American Funds Global Growth Fund
 
JNL/American Funds Growth Fund
 
JNL/AQR Risk Parity Fund
 
JNL/BlackRock Global Long Short Credit Fund
 
JNL/DFA U.S. Micro Cap Fund
 
JNL/DoubleLine Total Return Fund
 
JNL/Eaton Vance Global Macro Absolute Return Advantage Fund
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Investments, at fair value (a)
 
$
11,888,935

 
$
14,692,672

 
$
21,901,459

 
$
6,481,789

 
$
17,786,433

 
$
1,972,616

 
$
3,493,884

 
$
2,897,934

 
$
61,538,996

 
$
2,249,768

Receivables:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Investments in Fund shares sold
 
579

 
395

 
2,876

 
184

 
16,815

 
56

 
1,409

 
81

 
39,709

 
61

   Investment Division units sold
 
—

 
189,953

 
—

 
3,159

 
—

 
655

 
—

 
24,747

 
13,143

 
—

Total assets
 
11,889,514

 
14,883,020

 
21,904,335

 
6,485,132

 
17,803,248

 
1,973,327

 
3,495,293

 
2,922,762

 
61,591,848

 
2,249,829

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Payables:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Investments in Fund shares purchased
 
—

 
189,953

 
—

 
3,159

 
—

 
655

 
—

 
24,747

 
13,143

 
—

   Investment Division units redeemed
 
221

 
—

 
2,263

 
3

 
16,315

 
—

 
1,309

 
—

 
37,498

 
—

   Insurance fees due to Jackson
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      of New York
 
358

 
395

 
613

 
181

 
500

 
56

 
100

 
81

 
2,211

 
61

Total liabilities
 
579

 
190,348

 
2,876

 
3,343

 
16,815

 
711

 
1,409

 
24,828

 
52,852

 
61

Net assets (Note 7)
 
$
11,888,935

 
$
14,692,672

 
$
21,901,459

 
$
6,481,789

 
$
17,786,433

 
$
1,972,616

 
$
3,493,884

 
$
2,897,934

 
$
61,538,996

 
$
2,249,768

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Investments in Funds, shares outstanding
 
1,062,461

 
1,204,317

 
1,840,459

 
551,642

 
1,059,347

 
154,111

 
367,777

 
298,141

 
5,751,308

 
232,174

      Investments in Funds, at cost
 
$
11,734,951

 
$
14,623,527

 
$
21,425,607

 
$
6,380,708

 
$
15,773,991

 
$
3,024,274

 
$
3,695,597

 
$
3,217,422

 
$
62,157,773

 
$
2,268,643


See notes to financial statements.

2

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Assets and Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/Epoch Global Shareholder Yield Fund
 
JNL/FAMCO Flex Core Covered Call Fund
 
JNL/Lazard International Strategic Equity Fund
 
JNL/MC Frontier Markets 100 Index Fund
 
JNL/Neuberger Berman Currency Fund
 
JNL/Neuberger Berman Risk Balanced Commodity Strategy Fund
 
JNL/Nicholas Convertible Arbitrage Fund
 
JNL/PIMCO Credit Income Fund
 
JNL/PPM America Long Short Credit Fund
 
JNL/T. Rowe Price Capital Appreciation Fund
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Investments, at fair value (a)
 
$
3,416,688

 
$
10,559,533

 
$
3,620,117

 
$
—

 
$
856,687

 
$
490,656

 
$
8,029,739

 
$
11,667,201

 
$
861,105

 
$
39,492,970

Receivables:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Investments in Fund shares sold
 
3,185

 
3,695

 
8,585

 
—

 
25

 
14

 
672

 
524

 
24

 
1,234

   Investment Division units sold
 
132

 
6,000

 
442

 
—

 
—

 
—

 
68

 
694

 
—

 
8,487

Total assets
 
3,420,005

 
10,569,228

 
3,629,144

 
—

 
856,712

 
490,670

 
8,030,479

 
11,668,419

 
861,129

 
39,502,691

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Payables:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Investments in Fund shares purchased
 
132

 
6,000

 
442

 
—

 
—

 
—

 
68

 
694

 
—

 
8,487

   Investment Division units redeemed
 
3,088

 
3,397

 
8,481

 
—

 
—

 
—

 
442

 
82

 
—

 
125

   Insurance fees due to Jackson
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      of New York
 
97

 
298

 
104

 
—

 
25

 
14

 
230

 
442

 
24

 
1,109

Total liabilities
 
3,317

 
9,695

 
9,027

 
—

 
25

 
14

 
740

 
1,218

 
24

 
9,721

Net assets (Note 7)
 
$
3,416,688

 
$
10,559,533

 
$
3,620,117

 
$
—

 
$
856,687

 
$
490,656

 
$
8,029,739

 
$
11,667,201

 
$
861,105

 
$
39,492,970

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Investments in Funds, shares outstanding
 
301,030

 
905,620

 
341,520

 
—

 
87,775

 
37,801

 
798,979

 
1,042,645

 
96,213

 
3,121,974

      Investments in Funds, at cost
 
$
3,529,541

 
$
10,588,263

 
$
3,996,160

 
$
—

 
$
883,823

 
$
512,963

 
$
8,326,919

 
$
11,675,942

 
$
908,829

 
$
37,857,813


See notes to financial statements.

3

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Assets and Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/The Boston Company Equity Income Fund
 
JNL/The London Company Focused U.S. Equity Fund
 
JNL/Van Eck International Gold Fund
 
JNL/WCM Focused International Equity Fund
 
JNL Alt 65 Fund - A
 
JNL Disciplined Growth Fund - A
 
JNL Disciplined Moderate Fund - A
 
JNL Disciplined Moderate Growth Fund - A
 
JNL Institutional Alt 20 Fund - A
 
JNL Institutional Alt 35 Fund - A
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Investments, at fair value (a)
 
$
14,422,526

 
$
1,403,797

 
$
3,051,478

 
$
1,160,419

 
$
15,729,865

 
$
50,382,084

 
$
91,381,812

 
$
113,670,985

 
$
77,721,919

 
$
75,303,098

Receivables:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Investments in Fund shares sold
 
4,250

 
38

 
86

 
31

 
1,009

 
9,715

 
6,119

 
7,445

 
5,748

 
11,450

   Investment Division units sold
 
—

 
—

 
1,953

 
983

 
3,906

 
401

 
806

 
14,240

 
3,189

 
2,535

Total assets
 
14,426,776

 
1,403,835

 
3,053,517

 
1,161,433

 
15,734,780

 
50,392,200

 
91,388,737

 
113,692,670

 
77,730,856

 
75,317,083

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Payables:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Investments in Fund shares purchased
 
—

 
—

 
1,953

 
983

 
3,906

 
401

 
806

 
14,240

 
3,189

 
2,535

   Investment Division units redeemed
 
3,840

 
—

 
—

 
—

 
408

 
7,627

 
2,346

 
2,741

 
2,537

 
8,237

   Insurance fees due to Jackson
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      of New York
 
410

 
38

 
86

 
31

 
601

 
2,088

 
3,773

 
4,704

 
3,211

 
3,213

Total liabilities
 
4,250

 
38

 
2,039

 
1,014

 
4,915

 
10,116

 
6,925

 
21,685

 
8,937

 
13,985

Net assets (Note 7)
 
$
14,422,526

 
$
1,403,797

 
$
3,051,478

 
$
1,160,419

 
$
15,729,865

 
$
50,382,084

 
$
91,381,812

 
$
113,670,985

 
$
77,721,919

 
$
75,303,098

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Investments in Funds, shares outstanding
 
937,746

 
108,737

 
322,226

 
105,397

 
1,073,711

 
4,708,606

 
7,634,237

 
9,944,968

 
5,205,755

 
4,970,502

       Investments in Funds, at cost
 
$
12,708,541

 
$
1,258,931

 
$
3,314,692

 
$
1,144,794

 
$
16,680,776

 
$
47,843,823

 
$
85,162,701

 
$
105,848,818

 
$
78,302,981

 
$
77,068,710


See notes to financial statements.

4

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Assets and Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL Institutional Alt 50 Fund - A
 
JNL Multi-Manager Alternative Fund - A
 
JNL Multi-Manager Mid Cap Fund - A
 
JNL Multi-Manager Small Cap Growth Fund - A
 
JNL Multi-Manager Small Cap Value Fund - A
 
JNL/AB Dynamic Asset Allocation Fund - A
 
JNL/American Funds Balanced Allocation Fund - A
 
JNL/American Funds Blue Chip Income and Growth Fund - A
 
JNL/American Funds Global Bond Fund - A
 
JNL/American Funds Global Small Capitalization Fund - A
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Investments, at fair value (a)
 
$
105,472,066

 
$
647,086

 
$
365,202

 
$
66,238,301

 
$
46,679,911

 
$
2,670,460

 
$
89,820,457

 
$
197,214,962

 
$
26,049,904

 
$
29,090,384

Receivables:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Investments in Fund shares sold
 
584,283

 
78

 
39

 
11,520

 
15,104

 
78

 
5,805

 
25,595

 
2,639

 
2,374

   Investment Division units sold
 
5,058

 
—

 
—

 
711

 
—

 
81

 
47,214

 
142,785

 
59,505

 
8,986

Total assets
 
106,061,407

 
647,164

 
365,241

 
66,250,532

 
46,695,015

 
2,670,619

 
89,873,476

 
197,383,342

 
26,112,048

 
29,101,744

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Payables:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Investments in Fund shares purchased
 
5,058

 
—

 
—

 
711

 
—

 
81

 
47,214

 
142,785

 
59,505

 
8,986

   Investment Division units redeemed
 
579,762

 
60

 
26

 
8,706

 
13,222

 
—

 
2,028

 
17,132

 
1,538

 
1,146

   Insurance fees due to Jackson
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      of New York
 
4,521

 
18

 
13

 
2,814

 
1,882

 
78

 
3,777

 
8,463

 
1,101

 
1,228

Total liabilities
 
589,341

 
78

 
39

 
12,231

 
15,104

 
159

 
53,019

 
168,380

 
62,144

 
11,360

Net assets (Note 7)
 
$
105,472,066

 
$
647,086

 
$
365,202

 
$
66,238,301

 
$
46,679,911

 
$
2,670,460

 
$
89,820,457

 
$
197,214,962

 
$
26,049,904

 
$
29,090,384

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Investments in Funds, shares outstanding
 
6,809,042

 
67,195

 
34,227

 
3,256,554

 
3,206,038

 
260,025

 
6,979,057

 
10,396,150

 
2,571,560

 
2,187,247

      Investments in Funds, at cost
 
$
106,978,922

 
$
649,139

 
$
363,477

 
$
77,012,586

 
$
43,986,396

 
$
2,654,101

 
$
84,964,402

 
$
163,633,980

 
$
27,528,486

 
$
27,672,815


See notes to financial statements.

5

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Assets and Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/American Funds Growth-Income Fund - A
 
JNL/American Funds Growth Allocation Fund - A
 
JNL/American Funds International Fund - A
 
JNL/American Funds New World Fund - A
 
JNL/AQR Managed Futures Strategy Fund - A
 
JNL/BlackRock Global Allocation Fund - A
 
JNL/BlackRock Large Cap Select Growth Fund - A
 
JNL/BlackRock Natural Resources Fund - A
 
JNL/Boston Partners Global Long Short Equity Fund - A
 
JNL/Brookfield Global Infrastructure and MLP Fund - A
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Investments, at fair value (a)
 
$
221,609,875

 
$
60,575,531

 
$
61,369,041

 
$
42,807,851

 
$
13,525,578

 
$
175,942,099

 
$
107,743,237

 
$
57,142,358

 
$
1,700,115

 
$
66,178,653

Receivables:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Investments in Fund shares sold
 
86,128

 
5,035

 
8,793

 
5,061

 
422

 
70,660

 
10,872

 
21,178

 
328

 
8,744

   Investment Division units sold
 
20,961

 
2,908

 
9,881

 
7,379

 
4,333

 
4,428

 
10,370

 
33,591

 
18

 
8,208

Total assets
 
221,716,964

 
60,583,474

 
61,387,715

 
42,820,291

 
13,530,333

 
176,017,187

 
107,764,479

 
57,197,127

 
1,700,461

 
66,195,605

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Payables:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Investments in Fund shares purchased
 
20,961

 
2,908

 
9,881

 
7,379

 
4,333

 
4,428

 
10,370

 
33,591

 
18

 
8,208

   Investment Division units redeemed
 
77,326

 
2,518

 
6,274

 
3,230

 
30

 
63,681

 
6,376

 
18,854

 
281

 
6,169

   Insurance fees due to Jackson
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      of New York
 
8,802

 
2,517

 
2,519

 
1,831

 
392

 
6,979

 
4,496

 
2,324

 
47

 
2,575

Total liabilities
 
107,089

 
7,943

 
18,674

 
12,440

 
4,755

 
75,088

 
21,242

 
54,769

 
346

 
16,952

Net assets (Note 7)
 
$
221,609,875

 
$
60,575,531

 
$
61,369,041

 
$
42,807,851

 
$
13,525,578

 
$
175,942,099

 
$
107,743,237

 
$
57,142,358

 
$
1,700,115

 
$
66,178,653

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Investments in Funds, shares outstanding
 
12,149,664

 
4,473,821

 
5,122,624

 
4,180,454

 
1,594,997

 
15,625,408

 
3,885,439

 
6,265,609

 
165,381

 
5,122,187

      Investments in Funds, at cost
 
$
188,213,111

 
$
56,684,111

 
$
61,068,503

 
$
45,418,289

 
$
16,165,523

 
$
182,017,178

 
$
104,232,407

 
$
59,036,224

 
$
1,701,797

 
$
73,848,450


See notes to financial statements.

6

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Assets and Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/Capital Guardian Global Balanced Fund - A
 
JNL/Capital Guardian Global Diversified Research Fund - A
 
JNL/Causeway International Value Select Fund - A
 
JNL/Crescent High Income Fund - A
 
JNL/DFA U.S. Core Equity Fund - A
 
JNL/DoubleLine Emerging Markets Fixed Income Fund - A
 
JNL/DoubleLine Shiller Enhanced CAPE Fund - A
 
JNL/Eastspring Investments Asia ex-Japan Fund - A
 
JNL/FPA + DoubleLine Flexible Allocation Fund - A
 
JNL/Franklin Templeton Founding Strategy Fund - A
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Investments, at fair value (a)
 
$
21,326,409

 
$
—

 
$
33,488,652

 
$
3,044,794

 
$
50,897,290

 
$
305,553

 
$
3,607,510

 
$
—

 
$
85,557,360

 
$
84,938,301

Receivables:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Investments in Fund shares sold
 
1,316

 
—

 
2,448

 
129

 
22,196

 
8

 
100

 
—

 
78,879

 
43,769

   Investment Division units sold
 
851

 
—

 
9,355

 
2,000

 
—

 
1,355

 
8,909

 
—

 
2,593

 
5,363

Total assets
 
21,328,576

 
—

 
33,500,455

 
3,046,923

 
50,919,486

 
306,916

 
3,616,519

 
—

 
85,638,832

 
84,987,433

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Payables:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Investments in Fund shares purchased
 
851

 
—

 
9,355

 
2,000

 
—

 
1,355

 
8,909

 
—

 
2,593

 
5,363

   Investment Division units redeemed
 
416

 
—

 
1,060

 
8

 
20,189

 
—

 
—

 
—

 
75,302

 
40,189

   Insurance fees due to Jackson
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      of New York
 
900

 
—

 
1,388

 
121

 
2,007

 
8

 
100

 
—

 
3,577

 
3,580

Total liabilities
 
2,167

 
—

 
11,803

 
2,129

 
22,196

 
1,363

 
9,009

 
—

 
81,472

 
49,132

Net assets (Note 7)
 
$
21,326,409

 
$
—

 
$
33,488,652

 
$
3,044,794

 
$
50,897,290

 
$
305,553

 
$
3,607,510

 
$
—

 
$
85,557,360

 
$
84,938,301

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Investments in Funds, shares outstanding
 
2,078,597

 
—

 
2,480,641

 
288,606

 
4,339,070

 
29,128

 
280,522

 
—

 
7,337,681

 
6,795,064

      Investments in Funds, at cost
 
$
21,244,965

 
$
—

 
$
37,302,892

 
$
2,962,688

 
$
45,327,571

 
$
306,172

 
$
3,387,441

 
$
—

 
$
94,532,800

 
$
69,500,848


See notes to financial statements.

7

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Assets and Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/Franklin Templeton Global Growth Fund - A
 
JNL/Franklin Templeton Global Multisector Bond Fund - A
 
JNL/Franklin Templeton Income Fund - A
 
JNL/Franklin Templeton International Small Cap Growth Fund - A
 
JNL/Franklin Templeton Mutual Shares Fund - A
 
JNL/Goldman Sachs Core Plus Bond Fund - A
 
JNL/Goldman Sachs Emerging Markets Debt Fund - A
 
JNL/Goldman Sachs Mid Cap Value Fund - A
 
JNL/Goldman Sachs U.S. Equity Flex Fund - A
 
JNL/Harris Oakmark Global Equity Fund - A
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Investments, at fair value (a)
 
$
30,073,882

 
$
41,352,292

 
$
156,295,143

 
$
31,695,203

 
$
47,838,012

 
$
62,751,768

 
$
9,546,543

 
$
73,926,503

 
$
32,788,225

 
$
1,169,218

Receivables:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Investments in Fund shares sold
 
6,568

 
4,843

 
113,179

 
23,524

 
17,007

 
5,510

 
860

 
30,860

 
10,229

 
77

   Investment Division units sold
 
520

 
5,377

 
18,614

 
3,417

 
2,880

 
15,640

 
1,163

 
5,000

 
3,484

 
—

Total assets
 
30,080,970

 
41,362,512

 
156,426,936

 
31,722,144

 
47,857,899

 
62,772,918

 
9,548,566

 
73,962,363

 
32,801,938

 
1,169,295

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Payables:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Investments in Fund shares purchased
 
520

 
5,377

 
18,614

 
3,417

 
2,880

 
15,640

 
1,163

 
5,000

 
3,484

 
—

   Investment Division units redeemed
 
5,321

 
3,249

 
106,864

 
22,231

 
15,016

 
2,871

 
499

 
27,766

 
8,856

 
44

   Insurance fees due to Jackson
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      of New York
 
1,247

 
1,594

 
6,315

 
1,293

 
1,991

 
2,639

 
361

 
3,094

 
1,373

 
33

Total liabilities
 
7,088

 
10,220

 
131,793

 
26,941

 
19,887

 
21,150

 
2,023

 
35,860

 
13,713

 
77

Net assets (Note 7)
 
$
30,073,882

 
$
41,352,292

 
$
156,295,143

 
$
31,695,203

 
$
47,838,012

 
$
62,751,768

 
$
9,546,543

 
$
73,926,503

 
$
32,788,225

 
$
1,169,218

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Investments in Funds, shares outstanding
 
2,962,944

 
3,991,534

 
13,806,991

 
3,597,639

 
4,229,709

 
5,423,662

 
954,654

 
6,800,966

 
3,143,646

 
118,462

      Investments in Funds, at cost
 
$
30,012,232

 
$
44,881,555

 
$
154,230,454

 
$
33,860,863

 
$
43,884,986

 
$
65,099,029

 
$
11,494,629

 
$
75,298,372

 
$
34,865,928

 
$
1,089,211


See notes to financial statements.

8

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Assets and Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/Invesco China-India Fund - A
 
JNL/Invesco Global Real Estate Fund - A
 
JNL/Invesco International Growth Fund - A
 
JNL/Invesco Large Cap Growth Fund - A
 
JNL/Invesco Mid Cap Value Fund - A
 
JNL/Invesco Small Cap Growth Fund - A
 
JNL/JPMorgan MidCap Growth Fund - A
 
JNL/JPMorgan U.S. Government & Quality Bond Fund - A
 
JNL/Lazard Emerging Markets Fund - A
 
JNL/MC 10 x 10 Fund - A
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Investments, at fair value (a)
 
$
33,999,671

 
$
78,479,905

 
$
58,019,580

 
$
—

 
$
29,082,346

 
$
91,052,840

 
$
67,714,536

 
$
57,407,110

 
$
28,329,179

 
$
42,545,338

Receivables:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Investments in Fund shares sold
 
77,384

 
79,708

 
3,801

 
—

 
32,418

 
14,868

 
12,100

 
70,524

 
1,677

 
2,361

   Investment Division units sold
 
27,109

 
28,933

 
26,755

 
—

 
33,104

 
14,934

 
91,831

 
17,594

 
39,616

 
282,375

Total assets
 
34,104,164

 
78,588,546

 
58,050,136

 
—

 
29,147,868

 
91,082,642

 
67,818,467

 
57,495,228

 
28,370,472

 
42,830,074

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Payables:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Investments in Fund shares purchased
 
27,109

 
28,933

 
26,755

 
—

 
33,104

 
14,934

 
91,831

 
17,594

 
39,616

 
282,375

   Investment Division units redeemed
 
75,964

 
76,549

 
1,491

 
—

 
31,182

 
11,236

 
9,483

 
68,257

 
585

 
601

   Insurance fees due to Jackson
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      of New York
 
1,420

 
3,159

 
2,310

 
—

 
1,236

 
3,632

 
2,617

 
2,267

 
1,092

 
1,760

Total liabilities
 
104,493

 
108,641

 
30,556

 
—

 
65,522

 
29,802

 
103,931

 
88,118

 
41,293

 
284,736

Net assets (Note 7)
 
$
33,999,671

 
$
78,479,905

 
$
58,019,580

 
$
—

 
$
29,082,346

 
$
91,052,840

 
$
67,714,536

 
$
57,407,110

 
$
28,329,179

 
$
42,545,338

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Investments in Funds, shares outstanding
 
4,920,358

 
8,235,037

 
4,980,222

 
—

 
1,817,647

 
4,445,939

 
2,500,537

 
4,378,879

 
3,140,707

 
3,575,238

      Investments in Funds, at cost
 
$
36,630,576

 
$
84,670,800

 
$
59,973,726

 
$
—

 
$
24,999,808

 
$
84,808,596

 
$
73,358,018

 
$
59,242,089

 
$
32,088,692

 
$
34,272,638


See notes to financial statements.

9

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Assets and Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/MC Bond Index Fund - A
 
JNL/MC Emerging Markets Index Fund - A
 
JNL/MC European 30 Fund - A
 
JNL/MC Index 5 Fund - A
 
JNL/MC International Index Fund - A
 
JNL/MC Pacific Rim 30 Fund - A
 
JNL/MC S&P 400 MidCap Index Fund - A
 
JNL/MC S&P 500 Index Fund - A
 
JNL/MC Small Cap Index Fund - A
 
JNL/MC Utilities Sector Fund - A
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Investments, at fair value (a)
 
$
58,289,565

 
$
44,586,883

 
$
25,996,713

 
$
82,231,066

 
$
78,741,918

 
$
16,273,316

 
$
161,715,617

 
$
395,432,968

 
$
123,369,756

 
$
4,477,235

Receivables:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Investments in Fund shares sold
 
3,660

 
86,731

 
9,396

 
7,181

 
137,409

 
1,228

 
70,972

 
378,849

 
155,136

 
3,868

   Investment Division units sold
 
16,248

 
1,439

 
3,450

 
—

 
4,319

 
158,999

 
101,149

 
1,340,370

 
32,794

 
1,014

Total assets
 
58,309,473

 
44,675,053

 
26,009,559

 
82,238,247

 
78,883,646

 
16,433,543

 
161,887,738

 
397,152,187

 
123,557,686

 
4,482,117

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Payables:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Investments in Fund shares purchased
 
16,248

 
1,439

 
3,450

 
—

 
4,319

 
158,999

 
101,149

 
1,340,370

 
32,794

 
1,014

   Investment Division units redeemed
 
1,368

 
84,920

 
8,370

 
3,683

 
134,211

 
592

 
64,415

 
362,851

 
150,141

 
3,738

   Insurance fees due to Jackson
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      of New York
 
2,292

 
1,811

 
1,026

 
3,498

 
3,198

 
636

 
6,557

 
15,998

 
4,995

 
130

Total liabilities
 
19,908

 
88,170

 
12,846

 
7,181

 
141,728

 
160,227

 
172,121

 
1,719,219

 
187,930

 
4,882

Net assets (Note 7)
 
$
58,289,565

 
$
44,586,883

 
$
25,996,713

 
$
82,231,066

 
$
78,741,918

 
$
16,273,316

 
$
161,715,617

 
$
395,432,968

 
$
123,369,756

 
$
4,477,235

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Investments in Funds, shares outstanding
 
5,012,000

 
5,107,318

 
2,308,767

 
6,485,100

 
6,142,115

 
1,162,380

 
7,966,287

 
21,202,840

 
6,704,878

 
360,776

      Investments in Funds, at cost
 
$
59,617,567

 
$
48,048,514

 
$
29,257,303

 
$
69,715,658

 
$
81,620,035

 
$
16,552,899

 
$
143,457,319

 
$
333,518,134

 
$
105,205,091

 
$
4,212,917


See notes to financial statements.

10

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Assets and Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/MMRS Conservative Fund - A
 
JNL/MMRS Growth Fund - A
 
JNL/MMRS Moderate Fund - A
 
JNL/Morgan Stanley Mid Cap Growth Fund - A
 
JNL/Neuberger Berman Strategic Income Fund - A
 
JNL/Oppenheimer Emerging Markets Innovator Fund - A
 
JNL/Oppenheimer Global Growth Fund - A
 
JNL/PIMCO Real Return Fund - A
 
JNL/PIMCO Total Return Bond Fund - A
 
JNL/PPM America Floating Rate Income Fund - A
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Investments, at fair value (a)
 
$
18,984,660

 
$
1,395,031

 
$
8,039,121

 
$
8,854,229

 
$
37,706,137

 
$
632,350

 
$
93,710,337

 
$
76,200,751

 
$
222,921,005

 
$
90,103,383

Receivables:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Investments in Fund shares sold
 
554

 
40,811

 
1,006

 
609

 
2,292

 
37

 
12,668

 
43,443

 
71,491

 
53,482

   Investment Division units sold
 
52

 
—

 
—

 
313

 
17,798

 
—

 
10,695

 
63,254

 
117,531

 
893

Total assets
 
18,985,266

 
1,435,842

 
8,040,127

 
8,855,151

 
37,726,227

 
632,387

 
93,733,700

 
76,307,448

 
223,110,027

 
90,157,758

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Payables:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Investments in Fund shares purchased
 
52

 
—

 
—

 
313

 
17,798

 
—

 
10,695

 
63,254

 
117,531

 
893

   Investment Division units redeemed
 
5

 
40,771

 
774

 
239

 
716

 
19

 
8,762

 
40,354

 
62,442

 
50,065

   Insurance fees due to Jackson
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      of New York
 
549

 
40

 
232

 
370

 
1,576

 
18

 
3,906

 
3,089

 
9,049

 
3,417

Total liabilities
 
606

 
40,811

 
1,006

 
922

 
20,090

 
37

 
23,363

 
106,697

 
189,022

 
54,375

Net assets (Note 7)
 
$
18,984,660

 
$
1,395,031

 
$
8,039,121

 
$
8,854,229

 
$
37,706,137

 
$
632,350

 
$
93,710,337

 
$
76,200,751

 
$
222,921,005

 
$
90,103,383

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Investments in Funds, shares outstanding
 
1,780,925

 
137,985

 
781,256

 
811,570

 
3,530,537

 
74,834

 
6,820,257

 
7,896,451

 
18,108,936

 
8,516,388

      Investments in Funds, at cost
 
$
19,172,060

 
$
1,410,941

 
$
8,208,569

 
$
9,862,950

 
$
38,135,696

 
$
646,129

 
$
91,764,113

 
$
88,997,667

 
$
230,384,714

 
$
91,274,300


See notes to financial statements.

11

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Assets and Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/PPM America High Yield Bond Fund - A
 
JNL/PPM America Mid Cap Value Fund - A
 
JNL/PPM America Small Cap Value Fund - A
 
JNL/PPM America Total Return Fund - A
 
JNL/PPM America Value Equity Fund - A
 
JNL/Red Rocks Listed Private Equity Fund - A
 
JNL/S&P 4 Fund - A
 
JNL/S&P Competitive Advantage Fund - A
 
JNL/S&P Dividend Income & Growth Fund - A
 
JNL/S&P International 5 Fund - A
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Investments, at fair value (a)
 
$
111,260,826

 
$
34,770,195

 
$
50,725,304

 
$
19,419,776

 
$
11,881,244

 
$
24,100,254

 
$
480,088,083

 
$
68,525,695

 
$
307,479,200

 
$
1,893,476

Receivables:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Investments in Fund shares sold
 
51,373

 
7,090

 
23,719

 
38,210

 
3,151

 
31,112

 
617,779

 
7,674

 
95,674

 
54

   Investment Division units sold
 
7,488

 
282,333

 
309,581

 
17,265

 
8,005

 
77

 
411,616

 
44,988

 
256,967

 
—

Total assets
 
111,319,687

 
35,059,618

 
51,058,604

 
19,475,251

 
11,892,400

 
24,131,443

 
481,117,478

 
68,578,357

 
307,831,841

 
1,893,530

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Payables:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Investments in Fund shares purchased
 
7,488

 
282,333

 
309,581

 
17,265

 
8,005

 
77

 
411,616

 
44,988

 
256,967

 
—

   Investment Division units redeemed
 
46,924

 
5,750

 
21,627

 
37,475

 
2,651

 
30,277

 
598,789

 
4,904

 
82,997

 
—

   Insurance fees due to Jackson
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      of New York
 
4,449

 
1,340

 
2,092

 
735

 
500

 
835

 
18,990

 
2,770

 
12,677

 
54

Total liabilities
 
58,861

 
289,423

 
333,300

 
55,475

 
11,156

 
31,189

 
1,029,395

 
52,662

 
352,641

 
54

Net assets (Note 7)
 
$
111,260,826

 
$
34,770,195

 
$
50,725,304

 
$
19,419,776

 
$
11,881,244

 
$
24,100,254

 
$
480,088,083

 
$
68,525,695

 
$
307,479,200

 
$
1,893,476

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Investments in Funds, shares outstanding
 
8,266,035

 
2,376,637

 
3,872,161

 
1,656,977

 
564,966

 
2,735,557

 
27,138,953

 
4,758,729

 
19,697,578

 
198,062

      Investments in Funds, at cost
 
$
111,810,771

 
$
32,829,668

 
$
44,757,698

 
$
19,742,180

 
$
9,583,023

 
$
28,079,386

 
$
450,981,724

 
$
75,381,117

 
$
288,280,395

 
$
1,914,019


See notes to financial statements.

12

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Assets and Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/S&P Intrinsic Value Fund - A
 
JNL/S&P Managed Aggressive Growth Fund - A
 
JNL/S&P Managed Conservative Fund - A
 
JNL/S&P Managed Growth Fund - A
 
JNL/S&P Managed Moderate Fund - A
 
JNL/S&P Managed Moderate Growth Fund - A
 
JNL/S&P Mid 3 Fund - A
 
JNL/S&P Total Yield Fund - A
 
JNL/Scout Unconstrained Bond Fund - A
 
JNL/T. Rowe Price Established Growth Fund - A
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Investments, at fair value (a)
 
$
56,749,482

 
$
130,472,402

 
$
135,239,549

 
$
347,471,873

 
$
286,629,693

 
$
446,162,788

 
$
18,664,128

 
$
40,780,286

 
$
4,547,654

 
$
268,608,893

Receivables:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Investments in Fund shares sold
 
174,160

 
11,776

 
8,131

 
158,402

 
24,015

 
264,412

 
1,558

 
151,218

 
185

 
252,700

   Investment Division units sold
 
3,580

 
2,157

 
6,327

 
139,642

 
6,612

 
211,857

 
16,520

 
—

 
804

 
11,609

Total assets
 
56,927,222

 
130,486,335

 
135,254,007

 
347,769,917

 
286,660,320

 
446,639,057

 
18,682,206

 
40,931,504

 
4,548,643

 
268,873,202

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Payables:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Investments in Fund shares purchased
 
3,580

 
2,157

 
6,327

 
139,642

 
6,612

 
211,857

 
16,520

 
—

 
804

 
11,609

   Investment Division units redeemed
 
171,843

 
6,209

 
2,363

 
143,782

 
12,038

 
245,805

 
837

 
149,558

 
58

 
241,862

   Insurance fees due to Jackson
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      of New York
 
2,317

 
5,567

 
5,768

 
14,620

 
11,977

 
18,607

 
721

 
1,660

 
127

 
10,838

Total liabilities
 
177,740

 
13,933

 
14,458

 
298,044

 
30,627

 
476,269

 
18,078

 
151,218

 
989

 
264,309

Net assets (Note 7)
 
$
56,749,482

 
$
130,472,402

 
$
135,239,549

 
$
347,471,873

 
$
286,629,693

 
$
446,162,788

 
$
18,664,128

 
$
40,780,286

 
$
4,547,654

 
$
268,608,893

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Investments in Funds, shares outstanding
 
4,486,125

 
7,240,422

 
10,767,480

 
22,302,431

 
20,650,554

 
29,508,121

 
1,599,325

 
3,066,187

 
457,971

 
7,743,122

      Investments in Funds, at cost
 
$
64,774,261

 
$
115,570,494

 
$
125,542,501

 
$
289,175,103

 
$
253,658,812

 
$
382,402,808

 
$
17,248,183

 
$
41,886,757

 
$
4,471,093

 
$
243,462,491


See notes to financial statements.

13

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Assets and Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/T. Rowe Price Mid-Cap Growth Fund - A
 
JNL/T. Rowe Price Short-Term Bond Fund - A
 
JNL/T. Rowe Price Value Fund - A
 
JNL/Westchester Capital Event Driven Fund - A
 
JNL/WMC Balanced Fund - A
 
JNL/WMC Money Market Fund - A
 
JNL/WMC Value Fund - A
 
JNL/MC Communications Sector Fund - A
 
JNL/MC Consumer Brands Sector Fund - A
 
JNL/MC Financial Sector Fund - A
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Investments, at fair value (a)
 
$
206,573,843

 
$
62,319,655

 
$
123,667,291

 
$
155,497

 
$
319,121,207

 
$
76,888,671

 
$
49,469,633

 
$
13,656,108

 
$
54,712,915

 
$
80,811,829

Receivables:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Investments in Fund shares sold
 
80,466

 
42,072

 
137,258

 
4

 
57,458

 
15,250

 
37,709

 
3,015

 
79,021

 
146,087

   Investment Division units sold
 
254,241

 
41,101

 
4,320

 
—

 
518,285

 
149,203

 
371

 
—

 
2,253

 
66,440

Total assets
 
206,908,550

 
62,402,828

 
123,808,869

 
155,501

 
319,696,950

 
77,053,124

 
49,507,713

 
13,659,123

 
54,794,189

 
81,024,356

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Payables:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Investments in Fund shares purchased
 
254,241

 
41,101

 
4,320

 
—

 
518,285

 
149,203

 
371

 
—

 
2,253

 
66,440

   Investment Division units redeemed
 
71,803

 
39,611

 
131,999

 
—

 
45,026

 
12,313

 
35,617

 
2,473

 
76,828

 
142,846

   Insurance fees due to Jackson
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      of New York
 
8,663

 
2,461

 
5,259

 
4

 
12,432

 
2,937

 
2,092

 
542

 
2,193

 
3,241

Total liabilities
 
334,707

 
83,173

 
141,578

 
4

 
575,743

 
164,453

 
38,080

 
3,015

 
81,274

 
212,527

Net assets (Note 7)
 
$
206,573,843

 
$
62,319,655

 
$
123,667,291

 
$
155,497

 
$
319,121,207

 
$
76,888,671

 
$
49,469,633

 
$
13,656,108

 
$
54,712,915

 
$
80,811,829

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Investments in Funds, shares outstanding
 
5,174,695

 
6,339,741

 
7,927,390

 
16,031

 
14,413,785

 
76,888,671

 
2,158,361

 
901,393

 
2,991,411

 
6,602,274

      Investments in Funds, at cost
 
$
185,974,559

 
$
63,117,264

 
$
119,200,201

 
$
153,415

 
$
298,591,263

 
$
76,888,671

 
$
44,790,207

 
$
12,141,275

 
$
52,662,603

 
$
69,537,287


See notes to financial statements.

14

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Assets and Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/MC Healthcare Sector Fund - A
 
JNL/MC JNL 5 Fund - A
 
JNL/MC Nasdaq 100 Fund - A
 
JNL/MC Oil & Gas Sector Fund - A
 
JNL/MC S&P 24 Fund - A
 
JNL/MC S&P SMid 60 Fund - A
 
JNL/MC Technology Sector Fund - A
 
 
 
 
 
 
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Investments, at fair value (a)
 
$
191,888,445

 
$
231,269,233

 
$
62,958,688

 
$
111,069,381

 
$
26,775,117

 
$
39,456,741

 
$
124,001,437

 
 
 
 
 
 
Receivables:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Investments in Fund shares sold
 
71,533

 
50,041

 
51,204

 
116,601

 
1,948

 
6,786

 
233,550

 
 
 
 
 
 
   Investment Division units sold
 
75,504

 
4,217

 
47,711

 
28,644

 
6,569

 
144,458

 
18,431

 
 
 
 
 
 
Total assets
 
192,035,482

 
231,323,491

 
63,057,603

 
111,214,626

 
26,783,634

 
39,607,985

 
124,253,418

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Payables:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Investments in Fund shares purchased
 
75,504

 
4,217

 
47,711

 
28,644

 
6,569

 
144,458

 
18,431

 
 
 
 
 
 
   Investment Division units redeemed
 
63,805

 
40,077

 
48,664

 
112,051

 
828

 
5,217

 
228,326

 
 
 
 
 
 
   Insurance fees due to Jackson
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      of New York
 
7,728

 
9,964

 
2,540

 
4,550

 
1,120

 
1,569

 
5,224

 
 
 
 
 
 
Total liabilities
 
147,037

 
54,258

 
98,915

 
145,245

 
8,517

 
151,244

 
251,981

 
 
 
 
 
 
Net assets (Note 7)
 
$
191,888,445

 
$
231,269,233

 
$
62,958,688

 
$
111,069,381

 
$
26,775,117

 
$
39,456,741

 
$
124,001,437

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Investments in Funds, shares outstanding
 
8,524,587

 
16,967,662

 
3,565,045

 
4,037,418

 
1,760,363

 
4,166,499

 
10,754,678

 
 
 
 
 
 
      Investments in Funds, at cost
 
$
199,377,450

 
$
190,969,040

 
$
67,254,707

 
$
111,546,158

 
$
38,006,363

 
$
38,871,372

 
$
109,553,515

 
 
 
 
 
 


See notes to financial statements.

15

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JG - Alt 100 Fund
 
JG - Conservative Fund
 
JG - Equity 100 Fund
 
JG - Fixed Income 100 Fund
 
JG - Growth Fund
 
JG - Interest Rate Opportunities Fund
 
JG - Maximum Growth Fund
 
JG - Moderate Fund
 
JG - Moderate Growth Fund
 
JG - Real Assets Fund
Investment income
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Dividends
 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Expenses
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Asset-based charges (Note 3)
 
262,325

 
122,710

 
56,419

 
54,283

 
202,089

 
38,093

 
124,671

 
339,147

 
513,940

 
4,436

Total expenses
 
262,325

 
122,710

 
56,419

 
54,283

 
202,089

 
38,093

 
124,671

 
339,147

 
513,940

 
4,436

Net investment income (loss)
 
(262,325
)
 
(122,710
)
 
(56,419
)
 
(54,283
)
 
(202,089
)
 
(38,093
)
 
(124,671
)
 
(339,147
)
 
(513,940
)
 
(4,436
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Realized and unrealized gain (loss)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net realized gain (loss) on:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Distributions from investment companies
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

   Investments
 
(256,902
)
 
(38,144
)
 
(63,197
)
 
(22,981
)
 
(11,660
)
 
(27,515
)
 
(50,209
)
 
(46,075
)
 
(89,158
)
 
(66,796
)
Net change in unrealized appreciation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  (depreciation) on investments
 
291,905

 
525,271

 
445,328

 
260,005

 
1,359,106

 
182,630

 
961,540

 
1,732,300

 
2,926,882

 
99,729

Net realized and unrealized gain (loss)
 
35,003

 
487,127

 
382,131

 
237,024

 
1,347,446

 
155,115

 
911,331

 
1,686,225

 
2,837,724

 
32,933

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in net assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   from operations
 
$
(227,322
)
 
$
364,417

 
$
325,712

 
$
182,741

 
$
1,145,357

 
$
117,022

 
$
786,660

 
$
1,347,078

 
$
2,323,784

 
$
28,497




See notes to financial statements.

16

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL Tactical ETF Conservative Fund
 
JNL Tactical ETF Growth Fund
 
JNL Tactical ETF Moderate Fund
 
JNL/American Funds Global Growth Fund
 
JNL/American Funds Growth Fund
 
JNL/AQR Risk Parity Fund
 
JNL/BlackRock Global Long Short Credit Fund
 
JNL/DFA U.S. Micro Cap Fund
 
JNL/DoubleLine Total Return Fund
 
JNL/Eaton Vance Global Macro Absolute Return Advantage Fund
Investment income
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Dividends
 
$
118,227

 
$
165,041

 
$
262,007

 
$
—

 
$
—

 
$
—

 
$
96,250

 
$
3,834

 
$
982,935

 
$
96,530

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Expenses
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Asset-based charges (Note 3)
 
95,750

 
118,483

 
194,764

 
58,872

 
157,863

 
18,480

 
35,951

 
23,334

 
690,358

 
18,412

Total expenses
 
95,750

 
118,483

 
194,764

 
58,872

 
157,863

 
18,480

 
35,951

 
23,334

 
690,358

 
18,412

Net investment income (loss)
 
22,477

 
46,558

 
67,243

 
(58,872
)
 
(157,863
)
 
(18,480
)
 
60,299

 
(19,500
)
 
292,577

 
78,118

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Realized and unrealized gain (loss)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net realized gain (loss) on:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Distributions from investment companies
 
188,594

 
719,649

 
740,250

 
—

 
—

 
—

 
—

 
171,369

 
—

 
—

   Investments
 
19,387

 
(87,624
)
 
100,004

 
(15,203
)
 
161,671

 
(188,999
)
 
(72,169
)
 
(163,875
)
 
120,478

 
(9,209
)
Net change in unrealized appreciation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  (depreciation) on investments
 
159,288

 
212,228

 
262,342

 
75,382

 
1,277,415

 
333,782

 
69,353

 
564,030

 
(500,999
)
 
31,838

Net realized and unrealized gain (loss)
 
367,269

 
844,253

 
1,102,596

 
60,179

 
1,439,086

 
144,783

 
(2,816
)
 
571,524

 
(380,521
)
 
22,629

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in net assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   from operations
 
$
389,746

 
$
890,811

 
$
1,169,839

 
$
1,307

 
$
1,281,223

 
$
126,303

 
$
57,483

 
$
552,024

 
$
(87,944
)
 
$
100,747




See notes to financial statements.

17

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/Epoch Global Shareholder Yield Fund
 
JNL/FAMCO Flex Core Covered Call Fund
 
JNL/Lazard International Strategic Equity Fund
 
JNL/MC Frontier Markets 100 Index Fund (a)
 
JNL/Neuberger Berman Currency Fund
 
JNL/Neuberger Berman Risk Balanced Commodity Strategy Fund
 
JNL/Nicholas Convertible Arbitrage Fund
 
JNL/PIMCO Credit Income Fund
 
JNL/PPM America Long Short Credit Fund
 
JNL/T. Rowe Price Capital Appreciation Fund
Investment income
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Dividends
 
$
109,019

 
$
293,220

 
$
42,371

 
$
10,512

 
$
19,068

 
$
—

 
$
39,595

 
$
102,083

 
$
76,907

 
$
82,834

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Expenses
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Asset-based charges (Note 3)
 
31,399

 
111,313

 
34,532

 
2,266

 
9,051

 
4,519

 
89,674

 
98,885

 
6,072

 
286,858

Total expenses
 
31,399

 
111,313

 
34,532

 
2,266

 
9,051

 
4,519

 
89,674

 
98,885

 
6,072

 
286,858

Net investment income (loss)
 
77,620

 
181,907

 
7,839

 
8,246

 
10,017

 
(4,519
)
 
(50,079
)
 
3,198

 
70,835

 
(204,024
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Realized and unrealized gain (loss)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net realized gain (loss) on:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Distributions from investment companies
 
—

 
440,543

 
158,538

 
—

 
—

 
—

 
—

 
—

 
—

 
325,934

   Investments
 
(24,725
)
 
(26,783
)
 
(48,222
)
 
(64,638
)
 
(385
)
 
(50,932
)
 
(154,122
)
 
33,087

 
(12,158
)
 
189,479

Net change in unrealized appreciation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  (depreciation) on investments
 
94,098

 
92,096

 
(342,571
)
 
47,344

 
(35,874
)
 
87,445

 
399,571

 
101,947

 
1,604

 
1,442,541

Net realized and unrealized gain (loss)
 
69,373

 
505,856

 
(232,255
)
 
(17,294
)
 
(36,259
)
 
36,513

 
245,449

 
135,034

 
(10,554
)
 
1,957,954

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in net assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   from operations
 
$
146,993

 
$
687,763

 
$
(224,416
)
 
$
(9,048
)
 
$
(26,242
)
 
$
31,994

 
$
195,370

 
$
138,232

 
$
60,281

 
$
1,753,930

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) The period is from January 1, 2016 through April 25, 2016, the date the Fund was acquired.  The respective acquisition can be found on page 65 of the Notes to Financial Statements.



See notes to financial statements.

18

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/The Boston Company Equity Income Fund
 
JNL/The London Company Focused U.S. Equity Fund
 
JNL/Van Eck International Gold Fund
 
JNL/WCM Focused International Equity Fund
 
JNL Alt 65 Fund - A
 
JNL Disciplined Growth Fund - A
 
JNL Disciplined Moderate Fund - A
 
JNL Disciplined Moderate Growth Fund - A
 
JNL Institutional Alt 20 Fund - A
 
JNL Institutional Alt 35 Fund - A
Investment income
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Dividends
 
$
128,331

 
$
6,732

 
$
19,082

 
$
832

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Expenses
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Asset-based charges (Note 3)
 
132,386

 
10,577

 
29,067

 
8,821

 
234,769

 
744,029

 
1,325,814

 
1,619,406

 
1,174,629

 
1,256,094

Total expenses
 
132,386

 
10,577

 
29,067

 
8,821

 
234,769

 
744,029

 
1,325,814

 
1,619,406

 
1,174,629

 
1,256,094

Net investment income (loss)
 
(4,055
)
 
(3,845
)
 
(9,985
)
 
(7,989
)
 
(234,769
)
 
(744,029
)
 
(1,325,814
)
 
(1,619,406
)
 
(1,174,629
)
 
(1,256,094
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Realized and unrealized gain (loss)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net realized gain (loss) on:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Distributions from investment companies
 
559,904

 
—

 
—

 
1,175

 
—

 
—

 
—

 
—

 
—

 
—

   Investments
 
84,409

 
5,131

 
90,836

 
3,819

 
(389,063
)
 
(2,539
)
 
510,587

 
524,533

 
(488,591
)
 
(903,453
)
Net change in unrealized appreciation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  (depreciation) on investments
 
1,477,057

 
154,944

 
486,822

 
(2,031
)
 
911,316

 
3,943,980

 
5,738,622

 
7,560,487

 
5,069,135

 
4,912,718

Net realized and unrealized gain (loss)
 
2,121,370

 
160,075

 
577,658

 
2,963

 
522,253

 
3,941,441

 
6,249,209

 
8,085,020

 
4,580,544

 
4,009,265

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in net assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   from operations
 
$
2,117,315

 
$
156,230

 
$
567,673

 
$
(5,026
)
 
$
287,484

 
$
3,197,412

 
$
4,923,395

 
$
6,465,614

 
$
3,405,915

 
$
2,753,171


See notes to financial statements.

19

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL Institutional Alt 50 Fund - A
 
JNL Multi-Manager Alternative Fund - A
 
JNL Multi-Manager Mid Cap Fund - A (a)
 
JNL Multi-Manager Small Cap Growth Fund - A
 
JNL Multi-Manager Small Cap Value Fund - A
 
JNL/AB Dynamic Asset Allocation Fund - A
 
JNL/American Funds Balanced Allocation Fund - A
 
JNL/American Funds Blue Chip Income and Growth Fund - A
 
JNL/American Funds Global Bond Fund - A
 
JNL/American Funds Global Small Capitalization Fund - A
Investment income
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Dividends
 
$
—

 
$
2,006

 
$
—

 
$
—

 
$
261,560

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Expenses
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Asset-based charges (Note 3)
 
1,693,601

 
5,695

 
348

 
1,004,429

 
586,751

 
25,872

 
1,185,109

 
2,514,742

 
408,116

 
434,386

Total expenses
 
1,693,601

 
5,695

 
348

 
1,004,429

 
586,751

 
25,872

 
1,185,109

 
2,514,742

 
408,116

 
434,386

Net investment income (loss)
 
(1,693,601
)
 
(3,689
)
 
(348
)
 
(1,004,429
)
 
(325,191
)
 
(25,872
)
 
(1,185,109
)
 
(2,514,742
)
 
(408,116
)
 
(434,386
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Realized and unrealized gain (loss)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net realized gain (loss) on:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Distributions from investment companies
 
—

 
3,838

 
—

 
8,806,664

 
3,193,858

 
—

 
—

 
—

 
—

 
—

   Investments
 
(1,103,225
)
 
(2,541
)
 
5,499

 
(2,884,343
)
 
(436,675
)
 
(14,490
)
 
299,953

 
3,685,630

 
(207,347
)
 
52,047

Net change in unrealized appreciation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  (depreciation) on investments
 
5,399,613

 
8,197

 
1,725

 
(2,463,396
)
 
5,909,415

 
112,845

 
5,186,429

 
23,122,135

 
707,506

 
443,126

Net realized and unrealized gain (loss)
 
4,296,388

 
9,494

 
7,224

 
3,458,925

 
8,666,598

 
98,355

 
5,486,382

 
26,807,765

 
500,159

 
495,173

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in net assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   from operations
 
$
2,602,787

 
$
5,805

 
$
6,876

 
$
2,454,496

 
$
8,341,407

 
$
72,483

 
$
4,301,273

 
$
24,293,023

 
$
92,043

 
$
60,787

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Commencement of operations September 19, 2016.

See notes to financial statements.

20

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/American Funds Growth-Income Fund - A
 
JNL/American Funds Growth Allocation Fund - A
 
JNL/American Funds International Fund - A
 
JNL/American Funds New World Fund - A
 
JNL/AQR Managed Futures Strategy Fund - A
 
JNL/BlackRock Global Allocation Fund - A
 
JNL/BlackRock Large Cap Select Growth Fund - A
 
JNL/BlackRock Natural Resources Fund - A
 
JNL/Boston Partners Global Long Short Equity Fund - A
 
JNL/Brookfield Global Infrastructure and MLP Fund - A
Investment income
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Dividends
 
$
—

 
$
—

 
$
—

 
$
—

 
$
610,898

 
$
670,616

 
$
—

 
$
376,209

 
$
—

 
$
1,533,237

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Expenses
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Asset-based charges (Note 3)
 
2,782,751

 
795,421

 
842,793

 
626,015

 
157,269

 
2,525,342

 
1,413,224

 
720,143

 
17,090

 
834,206

Total expenses
 
2,782,751

 
795,421

 
842,793

 
626,015

 
157,269

 
2,525,342

 
1,413,224

 
720,143

 
17,090

 
834,206

Net investment income (loss)
 
(2,782,751
)
 
(795,421
)
 
(842,793
)
 
(626,015
)
 
453,629

 
(1,854,726
)
 
(1,413,224
)
 
(343,934
)
 
(17,090
)
 
699,031

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Realized and unrealized gain (loss)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net realized gain (loss) on:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Distributions from investment companies
 
—

 
—

 
—

 
—

 
—

 
4,689,681

 
2,332,815

 
—

 
60,243

 
—

   Investments
 
2,906,844

 
196,103

 
(278,788
)
 
(914,948
)
 
(387,318
)
 
(1,543,322
)
 
468,399

 
(2,201,745
)
 
(892
)
 
(2,087,762
)
Net change in unrealized appreciation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  (depreciation) on investments
 
18,482,229

 
3,888,279

 
2,000,153

 
2,793,534

 
(1,549,634
)
 
3,089,941

 
(401,671
)
 
13,293,017

 
(30,738
)
 
7,118,674

Net realized and unrealized gain (loss)
 
21,389,073

 
4,084,382

 
1,721,365

 
1,878,586

 
(1,936,952
)
 
6,236,300

 
2,399,543

 
11,091,272

 
28,613

 
5,030,912

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in net assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   from operations
 
$
18,606,322

 
$
3,288,961

 
$
878,572

 
$
1,252,571

 
$
(1,483,323
)
 
$
4,381,574

 
$
986,319

 
$
10,747,338

 
$
11,523

 
$
5,729,943

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

See notes to financial statements.

21

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/Capital Guardian Global Balanced Fund - A
 
JNL/Capital Guardian Global Diversified Research Fund - A (b)
 
JNL/Causeway International Value Select Fund - A
 
JNL/Crescent High Income Fund - A (a)
 
JNL/DFA U.S. Core Equity Fund - A
 
JNL/DoubleLine Emerging Markets Fixed Income Fund - A (a)
 
JNL/DoubleLine Shiller Enhanced CAPE Fund - A
 
JNL/Eastspring Investments Asia ex-Japan Fund - A (b)
 
JNL/FPA + DoubleLine Flexible Allocation Fund - A
 
JNL/Franklin Templeton Founding Strategy Fund - A
Investment income
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Dividends
 
$
1,196

 
$
127,783

 
$
384,282

 
$
—

 
$
450,604

 
$
—

 
$
20,830

 
$
163,182

 
$
939,895

 
$
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Expenses
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Asset-based charges (Note 3)
 
327,723

 
74,171

 
490,539

 
13,490

 
637,904

 
946

 
15,526

 
47,283

 
1,339,341

 
1,259,131

Total expenses
 
327,723

 
74,171

 
490,539

 
13,490

 
637,904

 
946

 
15,526

 
47,283

 
1,339,341

 
1,259,131

Net investment income (loss)
 
(326,527
)
 
53,612

 
(106,257
)
 
(13,490
)
 
(187,300
)
 
(946
)
 
5,304

 
115,899

 
(399,446
)
 
(1,259,131
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Realized and unrealized gain (loss)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net realized gain (loss) on:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Distributions from investment companies
 
1,371,722

 
2,306,831

 
—

 
—

 
1,154,437

 
—

 
20,854

 
—

 
1,561,501

 
—

   Investments
 
159,475

 
1,109,770

 
(1,176,747
)
 
5,875

 
443,426

 
184

 
(3,303
)
 
(2,212,737
)
 
(4,435,742
)
 
1,504,523

Net change in unrealized appreciation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  (depreciation) on investments
 
(376,796
)
 
(2,781,524
)
 
741,752

 
82,106

 
4,119,246

 
(619
)
 
217,194

 
2,400,185

 
4,758,025

 
8,658,954

Net realized and unrealized gain (loss)
 
1,154,401

 
635,077

 
(434,995
)
 
87,981

 
5,717,109

 
(435
)
 
234,745

 
187,448

 
1,883,784

 
10,163,477

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in net assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   from operations
 
$
827,874

 
$
688,689

 
$
(541,252
)
 
$
74,491

 
$
5,529,809

 
$
(1,381
)
 
$
240,049

 
$
303,347

 
$
1,484,338

 
$
8,904,346

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Commencement of operations April 25, 2016.
(b) The period is from January 1, 2016 through April 25, 2016, the date the Fund was acquired.  The respective acquisitions can be found on page 65 of the Notes to Financial Statements.

See notes to financial statements.

22

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/Franklin Templeton Global Growth Fund - A
 
JNL/Franklin Templeton Global Multisector Bond Fund - A
 
JNL/Franklin Templeton Income Fund - A
 
JNL/Franklin Templeton International Small Cap Growth Fund - A
 
JNL/Franklin Templeton Mutual Shares Fund - A
 
JNL/Goldman Sachs Core Plus Bond Fund - A
 
JNL/Goldman Sachs Emerging Markets Debt Fund - A
 
JNL/Goldman Sachs Mid Cap Value Fund - A
 
JNL/Goldman Sachs U.S. Equity Flex Fund - A
 
JNL/Harris Oakmark Global Equity Fund - A
Investment income
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Dividends
 
$
579,642

 
$
10,067

 
$
6,849,984

 
$
484,249

 
$
1,080,381

 
$
1,591,988

 
$
—

 
$
—

 
$
108,347

 
$
8,540

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Expenses
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Asset-based charges (Note 3)
 
427,908

 
569,814

 
2,157,834

 
479,526

 
666,949

 
986,871

 
140,145

 
1,013,580

 
549,868

 
8,371

Total expenses
 
427,908

 
569,814

 
2,157,834

 
479,526

 
666,949

 
986,871

 
140,145

 
1,013,580

 
549,868

 
8,371

Net investment income (loss)
 
151,734

 
(559,747
)
 
4,692,150

 
4,723

 
413,432

 
605,117

 
(140,145
)
 
(1,013,580
)
 
(441,521
)
 
169

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Realized and unrealized gain (loss)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net realized gain (loss) on:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Distributions from investment companies
 
1,713,378

 
233,166

 
—

 
677,221

 
2,854,640

 
—

 
—

 
—

 
3,715,684

 
—

   Investments
 
(237,048
)
 
(1,883,233
)
 
(1,096,232
)
 
(587,318
)
 
510,846

 
(287,497
)
 
(501,796
)
 
(3,397,162
)
 
(1,162,574
)
 
(13,818
)
Net change in unrealized appreciation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  (depreciation) on investments
 
821,755

 
3,052,958

 
13,606,477

 
(1,001,831
)
 
2,028,475

 
(95,066
)
 
1,372,515

 
11,558,358

 
26,287

 
107,600

Net realized and unrealized gain (loss)
 
2,298,085

 
1,402,891

 
12,510,245

 
(911,928
)
 
5,393,961

 
(382,563
)
 
870,719

 
8,161,196

 
2,579,397

 
93,782

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in net assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   from operations
 
$
2,449,819

 
$
843,144

 
$
17,202,395

 
$
(907,205
)
 
$
5,807,393

 
$
222,554

 
$
730,574

 
$
7,147,616

 
$
2,137,876

 
$
93,951

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

See notes to financial statements.

23

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/Invesco China-India Fund - A
 
JNL/Invesco Global Real Estate Fund - A
 
JNL/Invesco International Growth Fund - A
 
JNL/Invesco Large Cap Growth Fund - A (a)
 
JNL/Invesco Mid Cap Value Fund - A
 
JNL/Invesco Small Cap Growth Fund - A
 
JNL/JPMorgan MidCap Growth Fund - A
 
JNL/JPMorgan U.S. Government & Quality Bond Fund - A
 
JNL/Lazard Emerging Markets Fund - A
 
JNL/MC 10 x 10 Fund - A
Investment income
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Dividends
 
$
338,097

 
$
1,556,691

 
$
990,250

 
$
—

 
$
113,625

 
$
—

 
$
—

 
$
1,128,587

 
$
606,869

 
$
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Expenses
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Asset-based charges (Note 3)
 
508,868

 
1,130,624

 
797,140

 
221,173

 
406,462

 
1,170,496

 
981,590

 
972,140

 
392,013

 
609,144

Total expenses
 
508,868

 
1,130,624

 
797,140

 
221,173

 
406,462

 
1,170,496

 
981,590

 
972,140

 
392,013

 
609,144

Net investment income (loss)
 
(170,771
)
 
426,067

 
193,110

 
(221,173
)
 
(292,837
)
 
(1,170,496
)
 
(981,590
)
 
156,447

 
214,856

 
(609,144
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Realized and unrealized gain (loss)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net realized gain (loss) on:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Distributions from investment companies
 
1,014,193

 
2,284,581

 
1,216,181

 
5,512,113

 
753,536

 
2,166,035

 
5,708,547

 
—

 
—

 
—

   Investments
 
(430,804
)
 
(816,576
)
 
(4,609
)
 
(9,960,687
)
 
369,611

 
(61,021
)
 
(1,683,114
)
 
(52,273
)
 
(1,257,389
)
 
1,463,639

Net change in unrealized appreciation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  (depreciation) on investments
 
(1,886,686
)
 
(1,624,106
)
 
(2,934,087
)
 
2,123,023

 
2,668,379

 
7,123,225

 
(3,763,701
)
 
(353,643
)
 
5,458,851

 
3,202,511

Net realized and unrealized gain (loss)
 
(1,303,297
)
 
(156,101
)
 
(1,722,515
)
 
(2,325,551
)
 
3,791,526

 
9,228,239

 
261,732

 
(405,916
)
 
4,201,462

 
4,666,150

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in net assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   from operations
 
$
(1,474,068
)
 
$
269,966

 
$
(1,529,405
)
 
$
(2,546,724
)
 
$
3,498,689

 
$
8,057,743

 
$
(719,858
)
 
$
(249,469
)
 
$
4,416,318

 
$
4,057,006

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) The period is from January 1, 2016 through April 25, 2016, the date the Fund was acquired.  The respective acquisition can be found on page 65 of the Notes to Financial Statements.



See notes to financial statements.

24

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/MC Bond Index Fund - A
 
JNL/MC Emerging Markets Index Fund - A
 
JNL/MC European 30 Fund - A
 
JNL/MC Index 5 Fund - A
 
JNL/MC International Index Fund - A
 
JNL/MC Pacific Rim 30 Fund - A
 
JNL/MC S&P 400 MidCap Index Fund - A
 
JNL/MC S&P 500 Index Fund - A
 
JNL/MC Small Cap Index Fund - A
 
JNL/MC Utilities Sector Fund - A
Investment income
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Dividends
 
$
458,124

 
$
696,838

 
$
890,208

 
$
—

 
$
186,274

 
$
321,872

 
$
220,290

 
$
424,087

 
$
485,276

 
$
82,031

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Expenses
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Asset-based charges (Note 3)
 
812,823

 
538,147

 
409,145

 
1,146,777

 
1,094,249

 
233,498

 
1,880,608

 
4,971,598

 
1,454,844

 
44,564

Total expenses
 
812,823

 
538,147

 
409,145

 
1,146,777

 
1,094,249

 
233,498

 
1,880,608

 
4,971,598

 
1,454,844

 
44,564

Net investment income (loss)
 
(354,699
)
 
158,691

 
481,063

 
(1,146,777
)
 
(907,975
)
 
88,374

 
(1,660,318
)
 
(4,547,511
)
 
(969,568
)
 
37,467

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Realized and unrealized gain (loss)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net realized gain (loss) on:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Distributions from investment companies
 
—

 
—

 
—

 
—

 
—

 
657,767

 
656,564

 
501,426

 
93,413

 
69,612

   Investments
 
(57,290
)
 
(1,246,929
)
 
(1,981,120
)
 
1,152,606

 
(1,162,443
)
 
(403,227
)
 
469,106

 
7,963,508

 
184,121

 
149,954

Net change in unrealized appreciation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  (depreciation) on investments
 
366,681

 
3,466,445

 
302,206

 
7,270,613

 
1,743,037

 
860,559

 
22,498,087

 
28,018,264

 
23,136,678

 
262,042

Net realized and unrealized gain (loss)
 
309,391

 
2,219,516

 
(1,678,914
)
 
8,423,219

 
580,594

 
1,115,099

 
23,623,757

 
36,483,198

 
23,414,212

 
481,608

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in net assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   from operations
 
$
(45,308
)
 
$
2,378,207

 
$
(1,197,851
)
 
$
7,276,442

 
$
(327,381
)
 
$
1,203,473

 
$
21,963,439

 
$
31,935,687

 
$
22,444,644

 
$
519,075




See notes to financial statements.

25

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/MMRS Conservative Fund - A
 
JNL/MMRS Growth Fund - A
 
JNL/MMRS Moderate Fund - A
 
JNL/Morgan Stanley Mid Cap Growth Fund - A
 
JNL/Neuberger Berman Strategic Income Fund - A
 
JNL/Oppenheimer Emerging Markets Innovator Fund - A
 
JNL/Oppenheimer Global Growth Fund - A
 
JNL/PIMCO Real Return Fund - A
 
JNL/PIMCO Total Return Bond Fund - A
 
JNL/PPM America Floating Rate Income Fund - A
Investment income
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Dividends
 
$
—

 
$
—

 
$
—

 
$
—

 
$
1,037,498

 
$
—

 
$
546,542

 
$
4,478,296

 
$
882,330

 
$
3,461,595

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Expenses
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Asset-based charges (Note 3)
 
202,018

 
13,940

 
86,767

 
155,916

 
487,520

 
5,452

 
1,349,693

 
1,142,675

 
3,403,000

 
1,067,013

Total expenses
 
202,018

 
13,940

 
86,767

 
155,916

 
487,520

 
5,452

 
1,349,693

 
1,142,675

 
3,403,000

 
1,067,013

Net investment income (loss)
 
(202,018
)
 
(13,940
)
 
(86,767
)
 
(155,916
)
 
549,978

 
(5,452
)
 
(803,151
)
 
3,335,621

 
(2,520,670
)
 
2,394,582

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Realized and unrealized gain (loss)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net realized gain (loss) on:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Distributions from investment companies
 
—

 
—

 
—

 
—

 
130,320

 
—

 
2,764,335

 
—

 
199,763

 
—

   Investments
 
(96,565
)
 
(7,352
)
 
(54,875
)
 
(460,032
)
 
(177,272
)
 
445

 
44,840

 
(2,599,504
)
 
(1,696,006
)
 
(693,454
)
Net change in unrealized appreciation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  (depreciation) on investments
 
818,964

 
46,117

 
314,795

 
(335,624
)
 
730,963

 
(4,525
)
 
(3,129,779
)
 
1,983,990

 
6,636,328

 
4,140,679

Net realized and unrealized gain (loss)
 
722,399

 
38,765

 
259,920

 
(795,656
)
 
684,011

 
(4,080
)
 
(320,604
)
 
(615,514
)
 
5,140,085

 
3,447,225

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in net assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   from operations
 
$
520,381

 
$
24,825

 
$
173,153

 
$
(951,572
)
 
$
1,233,989

 
$
(9,532
)
 
$
(1,123,755
)
 
$
2,720,107

 
$
2,619,415

 
$
5,841,807

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

See notes to financial statements.

26

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/PPM America High Yield Bond Fund - A
 
JNL/PPM America Mid Cap Value Fund - A
 
JNL/PPM America Small Cap Value Fund - A
 
JNL/PPM America Total Return Fund - A (a)
 
JNL/PPM America Value Equity Fund - A
 
JNL/Red Rocks Listed Private Equity Fund - A
 
JNL/S&P 4 Fund - A
 
JNL/S&P Competitive Advantage Fund - A
 
JNL/S&P Dividend Income & Growth Fund - A
 
JNL/S&P International 5 Fund - A
Investment income
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Dividends
 
$
174,253

 
$
149,757

 
$
18,735

 
$
471,411

 
$
191,263

 
$
1,036,235

 
$
—

 
$
642,939

 
$
6,350,385

 
$
67,511

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Expenses
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Asset-based charges (Note 3)
 
1,451,728

 
346,008

 
538,914

 
155,914

 
142,720

 
304,571

 
6,430,175

 
949,833

 
3,798,740

 
18,704

Total expenses
 
1,451,728

 
346,008

 
538,914

 
155,914

 
142,720

 
304,571

 
6,430,175

 
949,833

 
3,798,740

 
18,704

Net investment income (loss)
 
(1,277,475
)
 
(196,251
)
 
(520,179
)
 
315,497

 
48,543

 
731,664

 
(6,430,175
)
 
(306,894
)
 
2,551,645

 
48,807

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Realized and unrealized gain (loss)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net realized gain (loss) on:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Distributions from investment companies
 
—

 
1,870,991

 
321,587

 
—

 
—

 
2,690,817

 
—

 
6,494,405

 
10,397,856

 
—

   Investments
 
(2,550,429
)
 
(228,009
)
 
44,674

 
76,784

 
238,013

 
(935,316
)
 
285,783

 
(1,913,031
)
 
3,468,924

 
(36,170
)
Net change in unrealized appreciation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  (depreciation) on investments
 
17,947,603

 
4,465,942

 
9,677,661

 
(226,778
)
 
1,480,669

 
(952,761
)
 
42,181,635

 
(1,791,853
)
 
17,923,759

 
104,751

Net realized and unrealized gain (loss)
 
15,397,174

 
6,108,924

 
10,043,922

 
(149,994
)
 
1,718,682

 
802,740

 
42,467,418

 
2,789,521

 
31,790,539

 
68,581

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in net assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   from operations
 
$
14,119,699

 
$
5,912,673

 
$
9,523,743

 
$
165,503

 
$
1,767,225

 
$
1,534,404

 
$
36,037,243

 
$
2,482,627

 
$
34,342,184

 
$
117,388

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) On April 25, 2016, JNL/PPM America Total Return Fund was created in the JNL Series Trust to facilitate an acquisition of a fund with the same name which was a series in JNL Investors Series Trust. Although the fund in JNL Investors Series Trust was
   legally dissolved, it is considered the acquiring fund for financial reporting purposes, and as a result, the Statement of Operations includes activity of the acquiring fund formerly in JNL Investors Series Trust for the period January 1, 2016
   through April 24, 2016 and the acquired fund in JNL Series Trust for the period after April 24, 2016.
 



See notes to financial statements.

27

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/S&P Intrinsic Value Fund - A
 
JNL/S&P Managed Aggressive Growth Fund - A
 
JNL/S&P Managed Conservative Fund - A
 
JNL/S&P Managed Growth Fund - A
 
JNL/S&P Managed Moderate Fund - A
 
JNL/S&P Managed Moderate Growth Fund - A
 
JNL/S&P Mid 3 Fund - A
 
JNL/S&P Total Yield Fund - A
 
JNL/Scout Unconstrained Bond Fund - A
 
JNL/T. Rowe Price Established Growth Fund - A
Investment income
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Dividends
 
$
1,541,069

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
214,052

 
$
677,618

 
$
32,274

 
$
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Expenses
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Asset-based charges (Note 3)
 
882,492

 
2,038,063

 
2,190,612

 
5,210,711

 
4,335,414

 
6,691,313

 
192,016

 
526,306

 
43,305

 
3,892,280

Total expenses
 
882,492

 
2,038,063

 
2,190,612

 
5,210,711

 
4,335,414

 
6,691,313

 
192,016

 
526,306

 
43,305

 
3,892,280

Net investment income (loss)
 
658,577

 
(2,038,063
)
 
(2,190,612
)
 
(5,210,711
)
 
(4,335,414
)
 
(6,691,313
)
 
22,036

 
151,312

 
(11,031
)
 
(3,892,280
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Realized and unrealized gain (loss)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net realized gain (loss) on:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Distributions from investment companies
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
1,401,599

   Investments
 
(4,235,577
)
 
3,058,241

 
1,714,360

 
8,484,786

 
4,134,475

 
8,601,816

 
(134,767
)
 
(965,689
)
 
17,292

 
5,077,407

Net change in unrealized appreciation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  (depreciation) on investments
 
5,584,939

 
4,396,072

 
5,162,401

 
11,192,436

 
11,277,694

 
15,276,844

 
2,510,883

 
4,257,175

 
124,558

 
(1,413,502
)
Net realized and unrealized gain (loss)
 
1,349,362

 
7,454,313

 
6,876,761

 
19,677,222

 
15,412,169

 
23,878,660

 
2,376,116

 
3,291,486

 
141,850

 
5,065,504

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in net assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   from operations
 
$
2,007,939

 
$
5,416,250

 
$
4,686,149

 
$
14,466,511

 
$
11,076,755

 
$
17,187,347

 
$
2,398,152

 
$
3,442,798

 
$
130,819

 
$
1,173,224

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

See notes to financial statements.

28

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/T. Rowe Price Mid-Cap Growth Fund - A
 
JNL/T. Rowe Price Short-Term Bond Fund - A
 
JNL/T. Rowe Price Value Fund - A
 
JNL/Westchester Capital Event Driven Fund - A
 
JNL/WMC Balanced Fund - A
 
JNL/WMC Money Market Fund - A
 
JNL/WMC Value Fund - A
 
JNL/MC Communications Sector Fund - A
 
JNL/MC Consumer Brands Sector Fund - A
 
JNL/MC Financial Sector Fund - A
Investment income
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Dividends
 
$
—

 
$
795,569

 
$
2,119,529

 
$
184

 
$
3,662,565

 
$
—

 
$
493,370

 
$
342,762

 
$
387,742

 
$
861,601

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Expenses
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Asset-based charges (Note 3)
 
3,077,944

 
901,097

 
1,743,549

 
1,229

 
3,795,494

 
1,171,148

 
708,260

 
187,254

 
845,728

 
804,601

Total expenses
 
3,077,944

 
901,097

 
1,743,549

 
1,229

 
3,795,494

 
1,171,148

 
708,260

 
187,254

 
845,728

 
804,601

Net investment income (loss)
 
(3,077,944
)
 
(105,528
)
 
375,980

 
(1,045
)
 
(132,929
)
 
(1,171,148
)
 
(214,890
)
 
155,508

 
(457,986
)
 
57,000

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Realized and unrealized gain (loss)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net realized gain (loss) on:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Distributions from investment companies
 
1,256,667

 
—

 
8,238,617

 
565

 
8,061,523

 
1,462

 
303,462

 
744,441

 
1,623,925

 
2,103,608

   Investments
 
3,848,292

 
(159,214
)
 
863,197

 
(213
)
 
1,810,972

 
—

 
245,248

 
339,593

 
17,177

 
482,995

Net change in unrealized appreciation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  (depreciation) on investments
 
6,832,032

 
206,254

 
807,423

 
3,183

 
14,356,814

 
—

 
4,901,830

 
1,189,265

 
787,015

 
9,647,104

Net realized and unrealized gain (loss)
 
11,936,991

 
47,040

 
9,909,237

 
3,535

 
24,229,309

 
1,462

 
5,450,540

 
2,273,299

 
2,428,117

 
12,233,707

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in net assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   from operations
 
$
8,859,047

 
$
(58,488
)
 
$
10,285,217

 
$
2,490

 
$
24,096,380

 
$
(1,169,686
)
 
$
5,235,650

 
$
2,428,807

 
$
1,970,131

 
$
12,290,707

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

See notes to financial statements.

29

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/MC Healthcare Sector Fund - A
 
JNL/MC JNL 5 Fund - A
 
JNL/MC Nasdaq 100 Fund - A
 
JNL/MC Oil & Gas Sector Fund - A
 
JNL/MC S&P 24 Fund - A
 
JNL/MC S&P SMid 60 Fund - A
 
JNL/MC Technology Sector Fund - A
 
 
 
 
 
 
Investment income
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Dividends
 
$
3,561,979

 
$
5,654,920

 
$
532,590

 
$
1,798,825

 
$
284,813

 
$
214,630

 
$
772,539

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Expenses
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Asset-based charges (Note 3)
 
2,930,366

 
3,631,762

 
792,780

 
1,352,737

 
415,079

 
326,253

 
1,694,001

 
 
 
 
 
 
Total expenses
 
2,930,366

 
3,631,762

 
792,780

 
1,352,737

 
415,079

 
326,253

 
1,694,001

 
 
 
 
 
 
Net investment income (loss)
 
631,613

 
2,023,158

 
(260,190
)
 
446,088

 
(130,266
)
 
(111,623
)
 
(921,462
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Realized and unrealized gain (loss)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net realized gain (loss) on:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Distributions from investment companies
 
13,299,576

 
—

 
7,098,980

 
—

 
1,975,421

 
562,411

 
2,104,576

 
 
 
 
 
 
   Investments
 
1,691,566

 
6,542,540

 
(791,652
)
 
(3,483,250
)
 
(3,676,757
)
 
(1,001,753
)
 
1,673,411

 
 
 
 
 
 
Net change in unrealized appreciation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  (depreciation) on investments
 
(27,038,486
)
 
14,024,259

 
(2,298,955
)
 
23,970,340

 
2,023,338

 
7,383,021

 
8,911,616

 
 
 
 
 
 
Net realized and unrealized gain (loss)
 
(12,047,344
)
 
20,566,799

 
4,008,373

 
20,487,090

 
322,002

 
6,943,679

 
12,689,603

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in net assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   from operations
 
$
(11,415,731
)
 
$
22,589,957

 
$
3,748,183

 
$
20,933,178

 
$
191,736

 
$
6,832,056

 
$
11,768,141

 
 
 
 
 
 


See notes to financial statements.

30

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Changes in Net Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JG - Alt 100 Fund
 
JG - Conservative Fund
 
JG - Equity 100 Fund
 
JG - Fixed Income 100 Fund
 
JG - Growth Fund
 
JG - Interest Rate Opportunities Fund
 
JG - Maximum Growth Fund
 
JG - Moderate Fund
 
JG - Moderate Growth Fund
 
JG - Real Assets Fund
Operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net investment income (loss)
 
$
(262,325
)
 
$
(122,710
)
 
$
(56,419
)
 
$
(54,283
)
 
$
(202,089
)
 
$
(38,093
)
 
$
(124,671
)
 
$
(339,147
)
 
$
(513,940
)
 
$
(4,436
)
   Net realized gain (loss) on investments
 
(256,902
)
 
(38,144
)
 
(63,197
)
 
(22,981
)
 
(11,660
)
 
(27,515
)
 
(50,209
)
 
(46,075
)
 
(89,158
)
 
(66,796
)
   Net change in unrealized appreciation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      (depreciation) on investments
 
291,905

 
525,271

 
445,328

 
260,005

 
1,359,106

 
182,630

 
961,540

 
1,732,300

 
2,926,882

 
99,729

Net increase (decrease) in net assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   from operations
 
(227,322
)
 
364,417

 
325,712

 
182,741

 
1,145,357

 
117,022

 
786,660

 
1,347,078

 
2,323,784

 
28,497

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Contract transactions 1
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Purchase payments (Note 4)
 
1,380,702

 
2,850,315

 
617,620

 
328,421

 
1,502,215

 
354,111

 
1,152,034

 
4,785,470

 
4,972,245

 
41,896

   Surrenders and terminations
 
(1,087,304
)
 
(1,154,102
)
 
(139,589
)
 
(558,151
)
 
(369,402
)
 
(111,651
)
 
(192,026
)
 
(1,345,247
)
 
(2,598,269
)
 
(14,805
)
   Transfers between Investment Divisions
 
(1,699,717
)
 
(453,890
)
 
(62,239
)
 
(742,304
)
 
3,726,891

 
(358,518
)
 
(662,033
)
 
(1,639,199
)
 
(3,842,928
)
 
(237,106
)
   Contract owner charges (Note 3)
 
(6,360
)
 
(5,241
)
 
(1,109
)
 
(1,303
)
 
(11,574
)
 
(492
)
 
(4,178
)
 
(14,653
)
 
(37,723
)
 
(54
)
Net increase (decrease) in net assets from
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   contract transactions
 
(1,412,679
)
 
1,237,082

 
414,683

 
(973,337
)
 
4,848,130

 
(116,550
)
 
293,797

 
1,786,371

 
(1,506,675
)
 
(210,069
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in net assets
 
(1,640,001
)
 
1,601,499

 
740,395

 
(790,596
)
 
5,993,487

 
472

 
1,080,457

 
3,133,449

 
817,109

 
(181,572
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets beginning of period
 
25,072,467

 
10,739,462

 
5,301,233

 
5,593,817

 
17,411,809

 
3,609,428

 
11,982,384

 
30,299,882

 
47,720,471

 
622,026

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets end of period
 
$
23,432,466

 
$
12,340,961

 
$
6,041,628

 
$
4,803,221

 
$
23,405,296

 
$
3,609,900

 
$
13,062,841

 
$
33,433,331

 
$
48,537,580

 
$
440,454

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1 Contract unit transactions
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2015
 
2,446,008

 
1,026,052

 
403,542

 
588,732

 
1,581,862

 
388,972

 
981,951

 
2,611,860

 
4,112,335

 
74,231

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      Units Issued
 
369,906

 
357,844

 
97,280

 
52,862

 
554,015

 
51,496

 
181,644

 
477,872

 
542,368

 
15,555

      Units Redeemed
 
(507,728
)
 
(243,223
)
 
(65,033
)
 
(153,220
)
 
(111,808
)
 
(64,456
)
 
(153,888
)
 
(322,202
)
 
(658,550
)
 
(42,591
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2016
 
2,308,186

 
1,140,673

 
435,789

 
488,374

 
2,024,069

 
376,012

 
1,009,707

 
2,767,530

 
3,996,153

 
47,195


See notes to financial statements.

31

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Changes in Net Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL Tactical ETF Conservative Fund
 
JNL Tactical ETF Growth Fund
 
JNL Tactical ETF Moderate Fund
 
JNL/American Funds Global Growth Fund
 
JNL/American Funds Growth Fund
 
JNL/AQR Risk Parity Fund
 
JNL/BlackRock Global Long Short Credit Fund
 
JNL/DFA U.S. Micro Cap Fund
 
JNL/DoubleLine Total Return Fund
 
JNL/Eaton Vance Global Macro Absolute Return Advantage Fund
Operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net investment income (loss)
 
$
22,477

 
$
46,558

 
$
67,243

 
$
(58,872
)
 
$
(157,863
)
 
$
(18,480
)
 
$
60,299

 
$
(19,500
)
 
$
292,577

 
$
78,118

   Net realized gain (loss) on investments
 
207,981

 
632,025

 
840,254

 
(15,203
)
 
161,671

 
(188,999
)
 
(72,169
)
 
7,494

 
120,478

 
(9,209
)
   Net change in unrealized appreciation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      (depreciation) on investments
 
159,288

 
212,228

 
262,342

 
75,382

 
1,277,415

 
333,782

 
69,353

 
564,030

 
(500,999
)
 
31,838

Net increase (decrease) in net assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   from operations
 
389,746

 
890,811

 
1,169,839

 
1,307

 
1,281,223

 
126,303

 
57,483

 
552,024

 
(87,944
)
 
100,747

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Contract transactions 1
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Purchase payments (Note 4)
 
3,207,080

 
3,876,363

 
5,809,929

 
1,914,598

 
2,691,738

 
175,724

 
230,726

 
253,226

 
19,781,754

 
769,194

   Surrenders and terminations
 
(465,732
)
 
(378,610
)
 
(509,141
)
 
(212,157
)
 
(392,610
)
 
(56,757
)
 
(141,443
)
 
(126,524
)
 
(2,049,408
)
 
(49,903
)
   Transfers between Investment Divisions
 
2,399,197

 
601,264

 
(146,654
)
 
(424,780
)
 
32,578

 
310,835

 
(272,866
)
 
97,849

 
15,668,258

 
55,708

   Contract owner charges (Note 3)
 
(3,034
)
 
(2,593
)
 
(7,406
)
 
(2,931
)
 
(2,807
)
 
(180
)
 
(330
)
 
(2,525
)
 
(391,574
)
 
(203
)
Net increase (decrease) in net assets from
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   contract transactions
 
5,137,511

 
4,096,424

 
5,146,728

 
1,274,730

 
2,328,899

 
429,622

 
(183,913
)
 
222,026

 
33,009,030

 
774,796

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in net assets
 
5,527,257

 
4,987,235

 
6,316,567

 
1,276,037

 
3,610,122

 
555,925

 
(126,430
)
 
774,050

 
32,921,086

 
875,543

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets beginning of period
 
6,361,678

 
9,705,437

 
15,584,892

 
5,205,752

 
14,176,311

 
1,416,691

 
3,620,314

 
2,123,884

 
28,617,910

 
1,374,225

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets end of period
 
$
11,888,935

 
$
14,692,672

 
$
21,901,459

 
$
6,481,789

 
$
17,786,433

 
$
1,972,616

 
$
3,493,884

 
$
2,897,934

 
$
61,538,996

 
$
2,249,768

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1 Contract unit transactions
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2015
 
571,666

 
767,246

 
1,293,448

 
445,359

 
928,842

 
149,030

 
369,214

 
155,964

 
2,721,118

 
138,954

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      Units Issued
 
543,546

 
520,567

 
725,045

 
238,898

 
290,601

 
67,094

 
84,304

 
48,137

 
4,892,157

 
115,443

      Units Redeemed
 
(91,307
)
 
(207,685
)
 
(302,458
)
 
(126,619
)
 
(139,774
)
 
(24,841
)
 
(103,133
)
 
(34,554
)
 
(1,798,375
)
 
(38,841
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2016
 
1,023,905

 
1,080,128

 
1,716,035

 
557,638

 
1,079,669

 
191,283

 
350,385

 
169,547

 
5,814,900

 
215,556

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

See notes to financial statements.

32

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Changes in Net Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/Epoch Global Shareholder Yield Fund
 
JNL/FAMCO Flex Core Covered Call Fund
 
JNL/Lazard International Strategic Equity Fund
 
JNL/MC Frontier Markets 100 Index Fund (a)
 
JNL/Neuberger Berman Currency Fund
 
JNL/Neuberger Berman Risk Balanced Commodity Strategy Fund
 
JNL/Nicholas Convertible Arbitrage Fund
 
JNL/PIMCO Credit Income Fund
 
JNL/PPM America Long Short Credit Fund
 
JNL/T. Rowe Price Capital Appreciation Fund
Operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net investment income (loss)
 
$
77,620

 
$
181,907

 
$
7,839

 
$
8,246

 
$
10,017

 
$
(4,519
)
 
$
(50,079
)
 
$
3,198

 
$
70,835

 
$
(204,024
)
   Net realized gain (loss) on investments
 
(24,725
)
 
413,760

 
110,316

 
(64,638
)
 
(385
)
 
(50,932
)
 
(154,122
)
 
33,087

 
(12,158
)
 
515,413

   Net change in unrealized appreciation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      (depreciation) on investments
 
94,098

 
92,096

 
(342,571
)
 
47,344

 
(35,874
)
 
87,445

 
399,571

 
101,947

 
1,604

 
1,442,541

Net increase (decrease) in net assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   from operations
 
146,993

 
687,763

 
(224,416
)
 
(9,048
)
 
(26,242
)
 
31,994

 
195,370

 
138,232

 
60,281

 
1,753,930

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Contract transactions 1
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Purchase payments (Note 4)
 
554,027

 
774,995

 
608,356

 
41,915

 
69,258

 
59,744

 
231,450

 
1,590,517

 
60,811

 
15,737,301

   Surrenders and terminations
 
(116,432
)
 
(917,130
)
 
(46,182
)
 
(5,178
)
 
(42,146
)
 
(18,532
)
 
(682,029
)
 
(610,962
)
 
(28,440
)
 
(1,224,347
)
   Transfers between Investment Divisions
 
76,004

 
(1,633,610
)
 
247,129

 
(796,181
)
 
120,252

 
(16,318
)
 
(815,821
)
 
5,848,076

 
254,454

 
7,258,599

   Contract owner charges (Note 3)
 
(233
)
 
(3,163
)
 
(583
)
 
(239
)
 
(533
)
 
(692
)
 
(3,146
)
 
(35,262
)
 
(222
)
 
(12,666
)
Net increase (decrease) in net assets from
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   contract transactions
 
513,366

 
(1,778,908
)
 
808,720

 
(759,683
)
 
146,831

 
24,202

 
(1,269,546
)
 
6,792,369

 
286,603

 
21,758,887

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in net assets
 
660,359

 
(1,091,145
)
 
584,304

 
(768,731
)
 
120,589

 
56,196

 
(1,074,176
)
 
6,930,601

 
346,884

 
23,512,817

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets beginning of period
 
2,756,329

 
11,650,678

 
3,035,813

 
768,731

 
736,098

 
434,460

 
9,103,915

 
4,736,600

 
514,221

 
15,980,153

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets end of period
 
$
3,416,688

 
$
10,559,533

 
$
3,620,117

 
$
—

 
$
856,687

 
$
490,656

 
$
8,029,739

 
$
11,667,201

 
$
861,105

 
$
39,492,970

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1 Contract unit transactions
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2015
 
215,653

 
993,959

 
261,624

 
88,959

 
73,103

 
76,245

 
931,825

 
441,420

 
54,762

 
1,329,919

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      Units Issued
 
88,021

 
108,609

 
136,915

 
7,266

 
44,773

 
47,640

 
129,810

 
816,333

 
43,931

 
2,179,446

      Units Redeemed
 
(51,676
)
 
(260,946
)
 
(66,431
)
 
(96,225
)
 
(30,576
)
 
(46,211
)
 
(258,960
)
 
(207,172
)
 
(15,367
)
 
(430,610
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2016
 
251,998

 
841,622

 
332,108

 
—

 
87,300

 
77,674

 
802,675

 
1,050,581

 
83,326

 
3,078,755

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) The period is from January 1, 2016 through April 25, 2016, the date the Fund was acquired.  The respective acquisition can be found on page 65 of the Notes to Financial Statements.

See notes to financial statements.

33

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Changes in Net Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/The Boston Company Equity Income Fund
 
JNL/The London Company Focused U.S. Equity Fund
 
JNL/Van Eck International Gold Fund
 
JNL/WCM Focused International Equity Fund
 
JNL Alt 65 Fund - A
 
JNL Disciplined Growth Fund - A
 
JNL Disciplined Moderate Fund - A
 
JNL Disciplined Moderate Growth Fund - A
 
JNL Institutional Alt 20 Fund - A
 
JNL Institutional Alt 35 Fund - A
Operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net investment income (loss)
 
$
(4,055
)
 
$
(3,845
)
 
$
(9,985
)
 
$
(7,989
)
 
$
(234,769
)
 
$
(744,029
)
 
$
(1,325,814
)
 
$
(1,619,406
)
 
$
(1,174,629
)
 
$
(1,256,094
)
   Net realized gain (loss) on investments
 
644,313

 
5,131

 
90,836

 
4,994

 
(389,063
)
 
(2,539
)
 
510,587

 
524,533

 
(488,591
)
 
(903,453
)
   Net change in unrealized appreciation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      (depreciation) on investments
 
1,477,057

 
154,944

 
486,822

 
(2,031
)
 
911,316

 
3,943,980

 
5,738,622

 
7,560,487

 
5,069,135

 
4,912,718

Net increase (decrease) in net assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   from operations
 
2,117,315

 
156,230

 
567,673

 
(5,026
)
 
287,484

 
3,197,412

 
4,923,395

 
6,465,614

 
3,405,915

 
2,753,171

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Contract transactions 1
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Purchase payments (Note 4)
 
838,427

 
389,320

 
567,133

 
345,309

 
341,680

 
4,509,780

 
7,750,728

 
12,351,259

 
4,894,963

 
1,893,460

   Surrenders and terminations
 
(824,501
)
 
(13,219
)
 
(107,636
)
 
(75,219
)
 
(906,500
)
 
(2,059,175
)
 
(3,920,531
)
 
(5,854,041
)
 
(3,377,637
)
 
(3,333,308
)
   Transfers between Investment Divisions
 
(253,151
)
 
10,375

 
629,538

 
116,474

 
(1,504,537
)
 
(2,666,910
)
 
(315,574
)
 
2,804,895

 
(3,114,024
)
 
(9,482,701
)
   Contract owner charges (Note 3)
 
(7,717
)
 
(173
)
 
(3,624
)
 
(387
)
 
(179,457
)
 
(659,512
)
 
(1,129,316
)
 
(1,385,661
)
 
(968,888
)
 
(1,035,103
)
Net increase (decrease) in net assets from
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   contract transactions
 
(246,942
)
 
386,303

 
1,085,411

 
386,177

 
(2,248,814
)
 
(875,817
)
 
2,385,307

 
7,916,452

 
(2,565,586
)
 
(11,957,652
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in net assets
 
1,870,373

 
542,533

 
1,653,084

 
381,151

 
(1,961,330
)
 
2,321,595

 
7,308,702

 
14,382,066

 
840,329

 
(9,204,481
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets beginning of period
 
12,552,153

 
861,264

 
1,398,394

 
779,268

 
17,691,195

 
48,060,489

 
84,073,110

 
99,288,919

 
76,881,590

 
84,507,579

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets end of period
 
$
14,422,526

 
$
1,403,797

 
$
3,051,478

 
$
1,160,419

 
$
15,729,865

 
$
50,382,084

 
$
91,381,812

 
$
113,670,985

 
$
77,721,919

 
$
75,303,098

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1 Contract unit transactions
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2015
 
806,880

 
78,828

 
446,993

 
72,269

 
1,049,427

 
4,280,844

 
6,739,814

 
8,227,761

 
4,804,026

 
5,175,158

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      Units Issued
 
104,540

 
52,903

 
593,487

 
86,770

 
117,515

 
612,811

 
1,107,206

 
1,998,542

 
502,225

 
196,992

      Units Redeemed
 
(121,350
)
 
(20,668
)
 
(396,736
)
 
(50,506
)
 
(251,953
)
 
(684,048
)
 
(925,729
)
 
(1,346,899
)
 
(660,504
)
 
(922,944
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2016
 
790,070

 
111,063

 
643,744

 
108,533

 
914,989

 
4,209,607

 
6,921,291

 
8,879,404

 
4,645,747

 
4,449,206

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

See notes to financial statements.

34

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Changes in Net Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL Institutional Alt 50 Fund - A
 
JNL Multi-Manager Alternative Fund - A
 
JNL Multi-Manager Mid Cap Fund - A (a)
 
JNL Multi-Manager Small Cap Growth Fund - A
 
JNL Multi-Manager Small Cap Value Fund - A
 
JNL/AB Dynamic Asset Allocation Fund - A
 
JNL/American Funds Balanced Allocation Fund - A
 
JNL/American Funds Blue Chip Income and Growth Fund - A
 
JNL/American Funds Global Bond Fund - A
 
JNL/American Funds Global Small Capitalization Fund - A
Operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net investment income (loss)
 
$
(1,693,601
)
 
$
(3,689
)
 
$
(348
)
 
$
(1,004,429
)
 
$
(325,191
)
 
$
(25,872
)
 
$
(1,185,109
)
 
$
(2,514,742
)
 
$
(408,116
)
 
$
(434,386
)
   Net realized gain (loss) on investments
 
(1,103,225
)
 
1,297

 
5,499

 
5,922,321

 
2,757,183

 
(14,490
)
 
299,953

 
3,685,630

 
(207,347
)
 
52,047

   Net change in unrealized appreciation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      (depreciation) on investments
 
5,399,613

 
8,197

 
1,725

 
(2,463,396
)
 
5,909,415

 
112,845

 
5,186,429

 
23,122,135

 
707,506

 
443,126

Net increase (decrease) in net assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   from operations
 
2,602,787

 
5,805

 
6,876

 
2,454,496

 
8,341,407

 
72,483

 
4,301,273

 
24,293,023

 
92,043

 
60,787

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Contract transactions 1
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Purchase payments (Note 4)
 
4,822,528

 
140,021

 
227,603

 
2,928,571

 
2,781,481

 
565,216

 
16,543,300

 
26,675,366

 
2,701,829

 
2,877,612

   Surrenders and terminations
 
(5,073,271
)
 
(10,209
)
 
15

 
(2,879,610
)
 
(1,898,941
)
 
(53,328
)
 
(2,745,189
)
 
(5,321,715
)
 
(1,365,163
)
 
(1,061,048
)
   Transfers between Investment Divisions
 
(6,404,053
)
 
42,403

 
130,802

 
(5,513,891
)
 
(970,111
)
 
(147,752
)
 
8,243,131

 
21,619,041

 
368,975

 
(1,145,442
)
   Contract owner charges (Note 3)
 
(1,484,902
)
 
(201
)
 
(94
)
 
(830,647
)
 
(466,669
)
 
(317
)
 
(920,384
)
 
(2,061,476
)
 
(339,595
)
 
(376,941
)
Net increase (decrease) in net assets from
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   contract transactions
 
(8,139,698
)
 
172,014

 
358,326

 
(6,295,577
)
 
(554,240
)
 
363,819

 
21,120,858

 
40,911,216

 
1,366,046

 
294,181

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in net assets
 
(5,536,911
)
 
177,819

 
365,202

 
(3,841,081
)
 
7,787,167

 
436,302

 
25,422,131

 
65,204,239

 
1,458,089

 
354,968

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets beginning of period
 
111,008,977

 
469,267

 
—

 
70,079,382

 
38,892,744

 
2,234,158

 
64,398,326

 
132,010,723

 
24,591,815

 
28,735,416

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets end of period
 
$
105,472,066

 
$
647,086

 
$
365,202

 
$
66,238,301

 
$
46,679,911

 
$
2,670,460

 
$
89,820,457

 
$
197,214,962

 
$
26,049,904

 
$
29,090,384

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1 Contract unit transactions
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2015
 
6,794,394

 
49,365

 
—

 
1,948,088

 
2,368,921

 
225,161

 
5,453,918

 
8,426,541

 
2,479,193

 
2,277,120

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      Units Issued
 
870,803

 
29,401

 
46,678

 
270,208

 
444,478

 
78,420

 
2,736,759

 
4,005,948

 
617,931

 
489,901

      Units Redeemed
 
(1,366,864
)
 
(11,087
)
 
(12,326
)
 
(456,416
)
 
(486,098
)
 
(41,891
)
 
(999,477
)
 
(1,631,985
)
 
(493,188
)
 
(468,094
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2016
 
6,298,333

 
67,679

 
34,352

 
1,761,880

 
2,327,301

 
261,690

 
7,191,200

 
10,800,504

 
2,603,936

 
2,298,927

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Commencement of operations September 19, 2016.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

See notes to financial statements.

35

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Changes in Net Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/American Funds Growth-Income Fund - A
 
JNL/American Funds Growth Allocation Fund - A
 
JNL/American Funds International Fund - A
 
JNL/American Funds New World Fund - A
 
JNL/AQR Managed Futures Strategy Fund - A
 
JNL/BlackRock Global Allocation Fund - A
 
JNL/BlackRock Large Cap Select Growth Fund - A
 
JNL/BlackRock Natural Resources Fund - A
 
JNL/Boston Partners Global Long Short Equity Fund - A
 
JNL/Brookfield Global Infrastructure and MLP Fund - A
Operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net investment income (loss)
 
$
(2,782,751
)
 
$
(795,421
)
 
$
(842,793
)
 
$
(626,015
)
 
$
453,629

 
$
(1,854,726
)
 
$
(1,413,224
)
 
$
(343,934
)
 
$
(17,090
)
 
$
699,031

   Net realized gain (loss) on investments
 
2,906,844

 
196,103

 
(278,788
)
 
(914,948
)
 
(387,318
)
 
3,146,359

 
2,801,214

 
(2,201,745
)
 
59,351

 
(2,087,762
)
   Net change in unrealized appreciation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      (depreciation) on investments
 
18,482,229

 
3,888,279

 
2,000,153

 
2,793,534

 
(1,549,634
)
 
3,089,941

 
(401,671
)
 
13,293,017

 
(30,738
)
 
7,118,674

Net increase (decrease) in net assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   from operations
 
18,606,322

 
3,288,961

 
878,572

 
1,252,571

 
(1,483,323
)
 
4,381,574

 
986,319

 
10,747,338

 
11,523

 
5,729,943

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Contract transactions 1
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Purchase payments (Note 4)
 
37,752,666

 
11,780,063

 
8,010,327

 
4,308,935

 
2,079,272

 
19,822,764

 
9,578,048

 
3,522,233

 
180,969

 
5,764,844

   Surrenders and terminations
 
(6,203,474
)
 
(1,203,960
)
 
(2,039,687
)
 
(1,376,138
)
 
(757,273
)
 
(5,736,008
)
 
(4,227,119
)
 
(2,481,005
)
 
(31,039
)
 
(1,698,754
)
   Transfers between Investment Divisions
 
4,443,528

 
3,807,970

 
1,983,790

 
1,455,156

 
(127,673
)
 
(11,371,652
)
 
39,228,510

 
3,728,808

 
(315,834
)
 
4,453,889

   Contract owner charges (Note 3)
 
(2,237,485
)
 
(650,928
)
 
(665,996
)
 
(522,403
)
 
(18,483
)
 
(1,956,630
)
 
(1,145,509
)
 
(591,470
)
 
(201
)
 
(660,208
)
Net increase (decrease) in net assets from
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   contract transactions
 
33,755,235

 
13,733,145

 
7,288,434

 
3,865,550

 
1,175,843

 
758,474

 
43,433,930

 
4,178,566

 
(166,105
)
 
7,859,771

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in net assets
 
52,361,557

 
17,022,106

 
8,167,006

 
5,118,121

 
(307,480
)
 
5,140,048

 
44,420,249

 
14,925,904

 
(154,582
)
 
13,589,714

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets beginning of period
 
169,248,318

 
43,553,425

 
53,202,035

 
37,689,730

 
13,833,058

 
170,802,051

 
63,322,988

 
42,216,454

 
1,854,697

 
52,588,939

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets end of period
 
$
221,609,875

 
$
60,575,531

 
$
61,369,041

 
$
42,807,851

 
$
13,525,578

 
$
175,942,099

 
$
107,743,237

 
$
57,142,358

 
$
1,700,115

 
$
66,178,653

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1 Contract unit transactions
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2015
 
10,413,407

 
3,497,030

 
4,759,785

 
3,676,911

 
1,215,466

 
14,720,866

 
1,571,657

 
6,049,919

 
179,864

 
4,197,358

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      Units Issued
 
3,591,492

 
1,842,188

 
1,629,029

 
1,130,445

 
477,086

 
2,702,120

 
1,720,557

 
1,905,035

 
125,752

 
1,447,574

      Units Redeemed
 
(1,559,816
)
 
(747,458
)
 
(989,870
)
 
(768,814
)
 
(379,976
)
 
(2,639,450
)
 
(637,134
)
 
(1,390,270
)
 
(142,299
)
 
(883,915
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2016
 
12,445,083

 
4,591,760

 
5,398,944

 
4,038,542

 
1,312,576

 
14,783,536

 
2,655,080

 
6,564,684

 
163,317

 
4,761,017

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

See notes to financial statements.

36

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Changes in Net Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/Capital Guardian Global Balanced Fund - A
 
JNL/Capital Guardian Global Diversified Research Fund - A (b)
 
JNL/Causeway International Value Select Fund - A
 
JNL/Crescent High Income Fund - A (a)
 
JNL/DFA U.S. Core Equity Fund - A
 
JNL/DoubleLine Emerging Markets Fixed Income Fund - A (a)
 
JNL/DoubleLine Shiller Enhanced CAPE Fund - A
 
JNL/Eastspring Investments Asia ex-Japan Fund - A (b)
 
JNL/FPA + DoubleLine Flexible Allocation Fund - A
 
JNL/Franklin Templeton Founding Strategy Fund - A
Operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net investment income (loss)
 
$
(326,527
)
 
$
53,612

 
$
(106,257
)
 
$
(13,490
)
 
$
(187,300
)
 
$
(946
)
 
$
5,304

 
$
115,899

 
$
(399,446
)
 
$
(1,259,131
)
   Net realized gain (loss) on investments
 
1,531,197

 
3,416,601

 
(1,176,747
)
 
5,875

 
1,597,863

 
184

 
17,551

 
(2,212,737
)
 
(2,874,241
)
 
1,504,523

   Net change in unrealized appreciation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      (depreciation) on investments
 
(376,796
)
 
(2,781,524
)
 
741,752

 
82,106

 
4,119,246

 
(619
)
 
217,194

 
2,400,185

 
4,758,025

 
8,658,954

Net increase (decrease) in net assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   from operations
 
827,874

 
688,689

 
(541,252
)
 
74,491

 
5,529,809

 
(1,381
)
 
240,049

 
303,347

 
1,484,338

 
8,904,346

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Contract transactions 1
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Purchase payments (Note 4)
 
1,470,906

 
376,871

 
2,627,526

 
628,769

 
5,707,778

 
172,325

 
1,377,496

 
224,071

 
2,881,224

 
2,734,031

   Surrenders and terminations
 
(1,379,807
)
 
(242,058
)
 
(1,496,470
)
 
(22,602
)
 
(2,030,802
)
 
(422
)
 
(7,043
)
 
(245,401
)
 
(4,093,835
)
 
(5,471,616
)
   Transfers between Investment Divisions
 
(874,582
)
 
(16,705,826
)
 
(922,366
)
 
2,372,457

 
3,568,678

 
135,031

 
1,406,803

 
(11,004,096
)
 
(12,282,666
)
 
(5,223,869
)
   Contract owner charges (Note 3)
 
(232,531
)
 
(58,135
)
 
(396,427
)
 
(8,321
)
 
(453,913
)
 
—

 
(82
)
 
(42,374
)
 
(1,121,241
)
 
(1,006,078
)
Net increase (decrease) in net assets from
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   contract transactions
 
(1,016,014
)
 
(16,629,148
)
 
(187,737
)
 
2,970,303

 
6,791,741

 
306,934

 
2,777,174

 
(11,067,800
)
 
(14,616,518
)
 
(8,967,532
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in net assets
 
(188,140
)
 
(15,940,459
)
 
(728,989
)
 
3,044,794

 
12,321,550

 
305,553

 
3,017,223

 
(10,764,453
)
 
(13,132,180
)
 
(63,186
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets beginning of period
 
21,514,549

 
15,940,459

 
34,217,641

 
—

 
38,575,740

 
—

 
590,287

 
10,764,453

 
98,689,540

 
85,001,487

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets end of period
 
$
21,326,409

 
$
—

 
$
33,488,652

 
$
3,044,794

 
$
50,897,290

 
$
305,553

 
$
3,607,510

 
$
—

 
$
85,557,360

 
$
84,938,301

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1 Contract unit transactions
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2015
 
1,623,562

 
484,927

 
2,679,218

 
—

 
1,522,576

 
—

 
53,853

 
1,538,620

 
8,127,866

 
7,726,173

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      Units Issued
 
261,887

 
52,826

 
535,316

 
322,365

 
653,766

 
38,432

 
296,811

 
66,840

 
1,086,289

 
520,762

      Units Redeemed
 
(342,754
)
 
(537,753
)
 
(560,078
)
 
(30,900
)
 
(393,892
)
 
(9,104
)
 
(71,039
)
 
(1,605,460
)
 
(2,314,710
)
 
(1,339,544
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2016
 
1,542,695

 
—

 
2,654,456

 
291,465

 
1,782,450

 
29,328

 
279,625

 
—

 
6,899,445

 
6,907,391

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Commencement of operations April 25, 2016.
(b) The period is from January 1, 2016 through April 25, 2016, the date the Fund was acquired.  The respective acquisitions can be found on page 65 of the Notes to Financial Statements.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 



See notes to financial statements.

37

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Changes in Net Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/Franklin Templeton Global Growth Fund - A
 
JNL/Franklin Templeton Global Multisector Bond Fund - A
 
JNL/Franklin Templeton Income Fund - A
 
JNL/Franklin Templeton International Small Cap Growth Fund - A
 
JNL/Franklin Templeton Mutual Shares Fund - A
 
JNL/Goldman Sachs Core Plus Bond Fund - A
 
JNL/Goldman Sachs Emerging Markets Debt Fund - A
 
JNL/Goldman Sachs Mid Cap Value Fund - A
 
JNL/Goldman Sachs U.S. Equity Flex Fund - A
 
JNL/Harris Oakmark Global Equity Fund - A
Operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net investment income (loss)
 
$
151,734

 
$
(559,747
)
 
$
4,692,150

 
$
4,723

 
$
413,432

 
$
605,117

 
$
(140,145
)
 
$
(1,013,580
)
 
$
(441,521
)
 
$
169

   Net realized gain (loss) on investments
 
1,476,330

 
(1,650,067
)
 
(1,096,232
)
 
89,903

 
3,365,486

 
(287,497
)
 
(501,796
)
 
(3,397,162
)
 
2,553,110

 
(13,818
)
   Net change in unrealized appreciation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      (depreciation) on investments
 
821,755

 
3,052,958

 
13,606,477

 
(1,001,831
)
 
2,028,475

 
(95,066
)
 
1,372,515

 
11,558,358

 
26,287

 
107,600

Net increase (decrease) in net assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   from operations
 
2,449,819

 
843,144

 
17,202,395

 
(907,205
)
 
5,807,393

 
222,554

 
730,574

 
7,147,616

 
2,137,876

 
93,951

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Contract transactions 1
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Purchase payments (Note 4)
 
2,050,350

 
3,466,707

 
11,125,051

 
3,530,848

 
2,314,884

 
5,537,177

 
188,565

 
5,086,241

 
2,154,683

 
88,902

   Surrenders and terminations
 
(1,751,280
)
 
(2,047,855
)
 
(8,336,674
)
 
(1,210,612
)
 
(2,451,141
)
 
(3,635,603
)
 
(518,834
)
 
(3,034,915
)
 
(1,500,361
)
 
(3,821
)
   Transfers between Investment Divisions
 
(1,104,045
)
 
(3,352,881
)
 
(3,704,784
)
 
(1,245,136
)
 
(696,444
)
 
618,651

 
(563,599
)
 
(332,986
)
 
(7,189,489
)
 
106,929

   Contract owner charges (Note 3)
 
(365,872
)
 
(356,838
)
 
(1,617,210
)
 
(363,004
)
 
(566,505
)
 
(722,693
)
 
(107,274
)
 
(839,723
)
 
(451,495
)
 
(47
)
Net increase (decrease) in net assets from
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   contract transactions
 
(1,170,847
)
 
(2,290,867
)
 
(2,533,617
)
 
712,096

 
(1,399,206
)
 
1,797,532

 
(1,001,142
)
 
878,617

 
(6,986,662
)
 
191,963

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in net assets
 
1,278,972

 
(1,447,723
)
 
14,668,778

 
(195,109
)
 
4,408,187

 
2,020,086

 
(270,568
)
 
8,026,233

 
(4,848,786
)
 
285,914

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets beginning of period
 
28,794,910

 
42,800,015

 
141,626,365

 
31,890,312

 
43,429,825

 
60,731,682

 
9,817,111

 
65,900,270

 
37,637,011

 
883,304

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets end of period
 
$
30,073,882

 
$
41,352,292

 
$
156,295,143

 
$
31,695,203

 
$
47,838,012

 
$
62,751,768

 
$
9,546,543

 
$
73,926,503

 
$
32,788,225

 
$
1,169,218

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1 Contract unit transactions
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2015
 
2,893,589

 
3,870,743

 
11,092,515

 
3,175,754

 
3,826,464

 
2,456,243

 
896,423

 
3,607,706

 
2,936,259

 
100,360

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      Units Issued
 
566,501

 
798,981

 
1,796,934

 
974,305

 
548,715

 
703,386

 
94,904

 
965,175

 
646,847

 
39,011

      Units Redeemed
 
(691,520
)
 
(1,018,038
)
 
(2,011,875
)
 
(914,844
)
 
(679,086
)
 
(647,758
)
 
(182,833
)
 
(960,355
)
 
(1,180,868
)
 
(19,990
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2016
 
2,768,570

 
3,651,686

 
10,877,574

 
3,235,215

 
3,696,093

 
2,511,871

 
808,494

 
3,612,526

 
2,402,238

 
119,381




See notes to financial statements.

38

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Changes in Net Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/Invesco China-India Fund - A
 
JNL/Invesco Global Real Estate Fund - A
 
JNL/Invesco International Growth Fund - A
 
JNL/Invesco Large Cap Growth Fund - A (a)
 
JNL/Invesco Mid Cap Value Fund - A
 
JNL/Invesco Small Cap Growth Fund - A
 
JNL/JPMorgan MidCap Growth Fund - A
 
JNL/JPMorgan U.S. Government & Quality Bond Fund - A
 
JNL/Lazard Emerging Markets Fund - A
 
JNL/MC 10 x 10 Fund - A
Operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net investment income (loss)
 
$
(170,771
)
 
$
426,067

 
$
193,110

 
$
(221,173
)
 
$
(292,837
)
 
$
(1,170,496
)
 
$
(981,590
)
 
$
156,447

 
$
214,856

 
$
(609,144
)
   Net realized gain (loss) on investments
 
583,389

 
1,468,005

 
1,211,572

 
(4,448,574
)
 
1,123,147

 
2,105,014

 
4,025,433

 
(52,273
)
 
(1,257,389
)
 
1,463,639

   Net change in unrealized appreciation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      (depreciation) on investments
 
(1,886,686
)
 
(1,624,106
)
 
(2,934,087
)
 
2,123,023

 
2,668,379

 
7,123,225

 
(3,763,701
)
 
(353,643
)
 
5,458,851

 
3,202,511

Net increase (decrease) in net assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   from operations
 
(1,474,068
)
 
269,966

 
(1,529,405
)
 
(2,546,724
)
 
3,498,689

 
8,057,743

 
(719,858
)
 
(249,469
)
 
4,416,318

 
4,057,006

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Contract transactions 1
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Purchase payments (Note 4)
 
1,713,669

 
7,970,333

 
7,903,646

 
1,454,292

 
2,334,459

 
9,396,142

 
7,111,972

 
14,569,229

 
687,733

 
1,406,965

   Surrenders and terminations
 
(1,630,173
)
 
(3,213,377
)
 
(2,048,019
)
 
(601,006
)
 
(1,171,875
)
 
(3,074,146
)
 
(3,018,735
)
 
(5,112,126
)
 
(1,412,815
)
 
(2,439,415
)
   Transfers between Investment Divisions
 
7,368,129

 
2,115,246

 
4,567,404

 
(48,113,138
)
 
(250,225
)
 
521,120

 
(8,167,118
)
 
255,526

 
(758,481
)
 
587,934

   Contract owner charges (Note 3)
 
(428,152
)
 
(865,006
)
 
(606,080
)
 
(180,373
)
 
(304,478
)
 
(900,043
)
 
(680,682
)
 
(630,808
)
 
(293,778
)
 
(493,583
)
Net increase (decrease) in net assets from
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   contract transactions
 
7,023,473

 
6,007,196

 
9,816,951

 
(47,440,225
)
 
607,881

 
5,943,073

 
(4,754,563
)
 
9,081,821

 
(1,777,341
)
 
(938,099
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in net assets
 
5,549,405

 
6,277,162

 
8,287,546

 
(49,986,949
)
 
4,106,570

 
14,000,816

 
(5,474,421
)
 
8,832,352

 
2,638,977

 
3,118,907

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets beginning of period
 
28,450,266

 
72,202,743

 
49,732,034

 
49,986,949

 
24,975,776

 
77,052,024

 
73,188,957

 
48,574,758

 
25,690,202

 
39,426,431

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets end of period
 
$
33,999,671

 
$
78,479,905

 
$
58,019,580

 
$
—

 
$
29,082,346

 
$
91,052,840

 
$
67,714,536

 
$
57,407,110

 
$
28,329,179

 
$
42,545,338

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1 Contract unit transactions
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2015
 
3,886,776

 
4,443,953

 
2,573,952

 
2,624,089

 
1,037,576

 
3,131,006

 
1,850,261

 
2,424,389

 
2,548,804

 
3,199,402

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      Units Issued
 
2,350,138

 
1,315,173

 
1,038,360

 
223,077

 
222,464

 
949,843

 
475,290

 
2,477,403

 
336,772

 
729,418

      Units Redeemed
 
(1,361,546
)
 
(983,703
)
 
(536,600
)
 
(2,847,166
)
 
(199,840
)
 
(726,013
)
 
(610,886
)
 
(2,089,194
)
 
(504,767
)
 
(802,183
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2016
 
4,875,368

 
4,775,423

 
3,075,712

 
—

 
1,060,200

 
3,354,836

 
1,714,665

 
2,812,598

 
2,380,809

 
3,126,637

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) The period is from January 1, 2016 through April 25, 2016, the date the Fund was acquired.  The respective acquisition can be found on page 65 of the Notes to Financial Statements.
 

See notes to financial statements.

39

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Changes in Net Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/MC Bond Index Fund - A
 
JNL/MC Emerging Markets Index Fund - A
 
JNL/MC European 30 Fund - A
 
JNL/MC Index 5 Fund - A
 
JNL/MC International Index Fund - A
 
JNL/MC Pacific Rim 30 Fund - A
 
JNL/MC S&P 400 MidCap Index Fund - A
 
JNL/MC S&P 500 Index Fund - A
 
JNL/MC Small Cap Index Fund - A
 
JNL/MC Utilities Sector Fund - A
Operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net investment income (loss)
 
$
(354,699
)
 
$
158,691

 
$
481,063

 
$
(1,146,777
)
 
$
(907,975
)
 
$
88,374

 
$
(1,660,318
)
 
$
(4,547,511
)
 
$
(969,568
)
 
$
37,467

   Net realized gain (loss) on investments
 
(57,290
)
 
(1,246,929
)
 
(1,981,120
)
 
1,152,606

 
(1,162,443
)
 
254,540

 
1,125,670

 
8,464,934

 
277,534

 
219,566

   Net change in unrealized appreciation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      (depreciation) on investments
 
366,681

 
3,466,445

 
302,206

 
7,270,613

 
1,743,037

 
860,559

 
22,498,087

 
28,018,264

 
23,136,678

 
262,042

Net increase (decrease) in net assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   from operations
 
(45,308
)
 
2,378,207

 
(1,197,851
)
 
7,276,442

 
(327,381
)
 
1,203,473

 
21,963,439

 
31,935,687

 
22,444,644

 
519,075

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Contract transactions 1
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Purchase payments (Note 4)
 
11,750,816

 
5,444,206

 
2,813,545

 
3,790,968

 
7,840,243

 
1,848,081

 
18,164,742

 
47,417,670

 
11,639,695

 
1,133,571

   Surrenders and terminations
 
(3,489,588
)
 
(1,129,159
)
 
(1,030,794
)
 
(2,874,118
)
 
(3,715,547
)
 
(742,631
)
 
(5,050,610
)
 
(13,677,172
)
 
(4,721,185
)
 
(244,130
)
   Transfers between Investment Divisions
 
2,099,525

 
7,953,626

 
(5,949,798
)
 
3,124,383

 
2,342,702

 
(2,834,773
)
 
15,658,687

 
27,106,309

 
6,722,572

 
40,601

   Contract owner charges (Note 3)
 
(505,268
)
 
(472,174
)
 
(321,148
)
 
(871,815
)
 
(802,854
)
 
(187,798
)
 
(1,355,945
)
 
(3,746,234
)
 
(1,003,498
)
 
(2,866
)
Net increase (decrease) in net assets from
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   contract transactions
 
9,855,485

 
11,796,499

 
(4,488,195
)
 
3,169,418

 
5,664,544

 
(1,917,121
)
 
27,416,874

 
57,100,573

 
12,637,584

 
927,176

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in net assets
 
9,810,177

 
14,174,706

 
(5,686,046
)
 
10,445,860

 
5,337,163

 
(713,648
)
 
49,380,313

 
89,036,260

 
35,082,228

 
1,446,251

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets beginning of period
 
48,479,388

 
30,412,177

 
31,682,759

 
71,785,206

 
73,404,755

 
16,986,964

 
112,335,304

 
306,396,708

 
88,287,528

 
3,030,984

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets end of period
 
$
58,289,565

 
$
44,586,883

 
$
25,996,713

 
$
82,231,066

 
$
78,741,918

 
$
16,273,316

 
$
161,715,617

 
$
395,432,968

 
$
123,369,756

 
$
4,477,235

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1 Contract unit transactions
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2015
 
3,477,512

 
3,889,159

 
2,279,106

 
5,653,944

 
4,422,174

 
1,046,174

 
4,453,650

 
17,303,989

 
4,112,438

 
272,053

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      Units Issued
 
1,516,958

 
2,463,213

 
622,089

 
1,175,743

 
1,365,335

 
300,766

 
1,885,435

 
6,972,567

 
1,372,532

 
233,544

      Units Redeemed
 
(868,895
)
 
(1,099,305
)
 
(972,799
)
 
(961,702
)
 
(1,026,016
)
 
(420,338
)
 
(934,421
)
 
(3,948,993
)
 
(860,259
)
 
(157,938
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2016
 
4,125,575

 
5,253,067

 
1,928,396

 
5,867,985

 
4,761,493

 
926,602

 
5,404,664

 
20,327,563

 
4,624,711

 
347,659


See notes to financial statements.

40

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Changes in Net Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/MMRS Conservative Fund - A
 
JNL/MMRS Growth Fund - A
 
JNL/MMRS Moderate Fund - A
 
JNL/Morgan Stanley Mid Cap Growth Fund - A
 
JNL/Neuberger Berman Strategic Income Fund - A
 
JNL/Oppenheimer Emerging Markets Innovator Fund - A
 
JNL/Oppenheimer Global Growth Fund - A
 
JNL/PIMCO Real Return Fund - A
 
JNL/PIMCO Total Return Bond Fund - A
 
JNL/PPM America Floating Rate Income Fund - A
Operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net investment income (loss)
 
$
(202,018
)
 
$
(13,940
)
 
$
(86,767
)
 
$
(155,916
)
 
$
549,978

 
$
(5,452
)
 
$
(803,151
)
 
$
3,335,621

 
$
(2,520,670
)
 
$
2,394,582

   Net realized gain (loss) on investments
 
(96,565
)
 
(7,352
)
 
(54,875
)
 
(460,032
)
 
(46,952
)
 
445

 
2,809,175

 
(2,599,504
)
 
(1,496,243
)
 
(693,454
)
   Net change in unrealized appreciation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      (depreciation) on investments
 
818,964

 
46,117

 
314,795

 
(335,624
)
 
730,963

 
(4,525
)
 
(3,129,779
)
 
1,983,990

 
6,636,328

 
4,140,679

Net increase (decrease) in net assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   from operations
 
520,381

 
24,825

 
173,153

 
(951,572
)
 
1,233,989

 
(9,532
)
 
(1,123,755
)
 
2,720,107

 
2,619,415

 
5,841,807

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Contract transactions 1
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Purchase payments (Note 4)
 
1,352,230

 
316,008

 
975,842

 
2,105,840

 
4,023,065

 
245,830

 
4,825,476

 
4,350,671

 
21,364,709

 
9,154,565

   Surrenders and terminations
 
(961,575
)
 
(53,653
)
 
(331,101
)
 
(302,260
)
 
(1,728,885
)
 
(9,616
)
 
(4,214,132
)
 
(4,378,814
)
 
(15,367,680
)
 
(4,015,313
)
   Transfers between Investment Divisions
 
(1,126,161
)
 
(122,758
)
 
(577,718
)
 
(2,662,151
)
 
1,200,615

 
62,455

 
11,929,921

 
(1,479,348
)
 
(7,910,269
)
 
3,660,967

   Contract owner charges (Note 3)
 
(4,225
)
 
(373
)
 
(5,248
)
 
(131,530
)
 
(404,356
)
 
(31
)
 
(1,048,526
)
 
(862,288
)
 
(2,550,877
)
 
(703,089
)
Net increase (decrease) in net assets from
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   contract transactions
 
(739,731
)
 
139,224

 
61,775

 
(990,101
)
 
3,090,439

 
298,638

 
11,492,739

 
(2,369,779
)
 
(4,464,117
)
 
8,097,130

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in net assets
 
(219,350
)
 
164,049

 
234,928

 
(1,941,673
)
 
4,324,428

 
289,106

 
10,368,984

 
350,328

 
(1,844,702
)
 
13,938,937

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets beginning of period
 
19,204,010

 
1,230,982

 
7,804,193

 
10,795,902

 
33,381,709

 
343,244

 
83,341,353

 
75,850,423

 
224,765,707

 
76,164,446

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets end of period
 
$
18,984,660

 
$
1,395,031

 
$
8,039,121

 
$
8,854,229

 
$
37,706,137

 
$
632,350

 
$
93,710,337

 
$
76,200,751

 
$
222,921,005

 
$
90,103,383

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1 Contract unit transactions
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2015
 
1,907,201

 
127,212

 
796,060

 
909,129

 
3,237,202

 
40,715

 
4,415,328

 
5,852,518

 
11,614,468

 
7,290,143

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      Units Issued
 
223,564

 
41,828

 
127,917

 
315,712

 
1,192,169

 
40,823

 
1,914,668

 
1,086,553

 
2,200,913

 
2,321,787

      Units Redeemed
 
(298,756
)
 
(27,221
)
 
(120,339
)
 
(403,289
)
 
(923,977
)
 
(5,383
)
 
(1,314,534
)
 
(1,283,075
)
 
(2,498,914
)
 
(1,623,973
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2016
 
1,832,009

 
141,819

 
803,638

 
821,552

 
3,505,394

 
76,155

 
5,015,462

 
5,655,996

 
11,316,467

 
7,987,957

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

See notes to financial statements.

41

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Changes in Net Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/PPM America High Yield Bond Fund - A
 
JNL/PPM America Mid Cap Value Fund - A
 
JNL/PPM America Small Cap Value Fund - A
 
JNL/PPM America Total Return Fund - A (a)
 
JNL/PPM America Value Equity Fund - A
 
JNL/Red Rocks Listed Private Equity Fund - A
 
JNL/S&P 4 Fund - A
 
JNL/S&P Competitive Advantage Fund - A
 
JNL/S&P Dividend Income & Growth Fund - A
 
JNL/S&P International 5 Fund - A
Operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net investment income (loss)
 
$
(1,277,475
)
 
$
(196,251
)
 
$
(520,179
)
 
$
315,497

 
$
48,543

 
$
731,664

 
$
(6,430,175
)
 
$
(306,894
)
 
$
2,551,645

 
$
48,807

   Net realized gain (loss) on investments
 
(2,550,429
)
 
1,642,982

 
366,261

 
76,784

 
238,013

 
1,755,501

 
285,783

 
4,581,374

 
13,866,780

 
(36,170
)
   Net change in unrealized appreciation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      (depreciation) on investments
 
17,947,603

 
4,465,942

 
9,677,661

 
(226,778
)
 
1,480,669

 
(952,761
)
 
42,181,635

 
(1,791,853
)
 
17,923,759

 
104,751

Net increase (decrease) in net assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   from operations
 
14,119,699

 
5,912,673

 
9,523,743

 
165,503

 
1,767,225

 
1,534,404

 
36,037,243

 
2,482,627

 
34,342,184

 
117,388

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Contract transactions 1
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Purchase payments (Note 4)
 
8,849,912

 
4,114,781

 
5,895,186

 
7,077,178

 
1,113,493

 
1,132,745

 
65,459,942

 
7,591,846

 
30,677,119

 
264,142

   Surrenders and terminations
 
(6,168,644
)
 
(1,025,130
)
 
(1,321,035
)
 
(376,626
)
 
(543,880
)
 
(1,023,066
)
 
(17,255,138
)
 
(2,403,895
)
 
(14,712,681
)
 
(46,418
)
   Transfers between Investment Divisions
 
6,465,448

 
7,530,429

 
10,025,346

 
7,928,354

 
1,141,825

 
(2,770,596
)
 
(8,671,239
)
 
(1,979,813
)
 
71,964,647

 
(179,085
)
   Contract owner charges (Note 3)
 
(970,566
)
 
(276,191
)
 
(456,834
)
 
(91,869
)
 
(102,880
)
 
(155,753
)
 
(4,960,690
)
 
(743,610
)
 
(2,971,538
)
 
(542
)
Net increase (decrease) in net assets from
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   contract transactions
 
8,176,150

 
10,343,889

 
14,142,663

 
14,537,037

 
1,608,558

 
(2,816,670
)
 
34,572,875

 
2,464,528

 
84,957,547

 
38,097

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in net assets
 
22,295,849

 
16,256,562

 
23,666,406

 
14,702,540

 
3,375,783

 
(1,282,266
)
 
70,610,118

 
4,947,155

 
119,299,731

 
155,485

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets beginning of period
 
88,964,977

 
18,513,633

 
27,058,898

 
4,717,236

 
8,505,461

 
25,382,520

 
409,477,965

 
63,578,540

 
188,179,469

 
1,737,991

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets end of period
 
$
111,260,826

 
$
34,770,195

 
$
50,725,304

 
$
19,419,776

 
$
11,881,244

 
$
24,100,254

 
$
480,088,083

 
$
68,525,695

 
$
307,479,200

 
$
1,893,476

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1 Contract unit transactions
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2015
 
5,028,852

 
1,229,809

 
1,825,216

 
306,072

 
363,050

 
1,743,376

 
21,910,109

 
3,071,895

 
10,616,582

 
190,319

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      Units Issued
 
1,776,773

 
961,898

 
1,379,830

 
1,321,089

 
129,541

 
211,640

 
6,474,995

 
1,224,359

 
6,693,620

 
82,820

      Units Redeemed
 
(1,348,411
)
 
(353,008
)
 
(545,927
)
 
(434,694
)
 
(79,835
)
 
(407,890
)
 
(4,790,385
)
 
(1,120,202
)
 
(2,383,745
)
 
(79,627
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2016
 
5,457,214

 
1,838,699

 
2,659,119

 
1,192,467

 
412,756

 
1,547,126

 
23,594,719

 
3,176,052

 
14,926,457

 
193,512

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) On April 25, 2016, JNL/PPM America Total Return Fund was created in the JNL Series Trust to facilitate an acquisition of a fund with the same name which was a series in JNL Investors Series Trust. Although the fund in JNL Investors Series Trust was
   legally dissolved, it is considered the acquiring fund for financial reporting purposes, and as a result, the Statement of Changes in Net Assets includes activity of the acquiring fund formerly in JNL Investors Series Trust for the period January 1, 2016
   through April 24, 2016 and the acquired fund in JNL Series Trust for the period after April 24, 2016.
 

See notes to financial statements.

42

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Changes in Net Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/S&P Intrinsic Value Fund - A
 
JNL/S&P Managed Aggressive Growth Fund - A
 
JNL/S&P Managed Conservative Fund - A
 
JNL/S&P Managed Growth Fund - A
 
JNL/S&P Managed Moderate Fund - A
 
JNL/S&P Managed Moderate Growth Fund - A
 
JNL/S&P Mid 3 Fund - A
 
JNL/S&P Total Yield Fund - A
 
JNL/Scout Unconstrained Bond Fund - A
 
JNL/T. Rowe Price Established Growth Fund - A
Operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net investment income (loss)
 
$
658,577

 
$
(2,038,063
)
 
$
(2,190,612
)
 
$
(5,210,711
)
 
$
(4,335,414
)
 
$
(6,691,313
)
 
$
22,036

 
$
151,312

 
$
(11,031
)
 
$
(3,892,280
)
   Net realized gain (loss) on investments
 
(4,235,577
)
 
3,058,241

 
1,714,360

 
8,484,786

 
4,134,475

 
8,601,816

 
(134,767
)
 
(965,689
)
 
17,292

 
6,479,006

   Net change in unrealized appreciation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      (depreciation) on investments
 
5,584,939

 
4,396,072

 
5,162,401

 
11,192,436

 
11,277,694

 
15,276,844

 
2,510,883

 
4,257,175

 
124,558

 
(1,413,502
)
Net increase (decrease) in net assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   from operations
 
2,007,939

 
5,416,250

 
4,686,149

 
14,466,511

 
11,076,755

 
17,187,347

 
2,398,152

 
3,442,798

 
130,819

 
1,173,224

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Contract transactions 1
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Purchase payments (Note 4)
 
5,333,962

 
7,864,607

 
5,658,727

 
24,313,392

 
20,822,690

 
27,343,937

 
4,213,842

 
3,577,388

 
847,301

 
35,785,826

   Surrenders and terminations
 
(2,010,708
)
 
(7,033,572
)
 
(13,512,646
)
 
(18,092,646
)
 
(15,534,254
)
 
(23,429,743
)
 
(309,884
)
 
(1,274,565
)
 
(157,161
)
 
(14,296,448
)
   Transfers between Investment Divisions
 
(7,681,416
)
 
(9,652,521
)
 
(1,997,085
)
 
(8,955,755
)
 
(7,142,759
)
 
(13,118,291
)
 
1,375,115

 
4,812,405

 
(4,467
)
 
(10,667,003
)
   Contract owner charges (Note 3)
 
(665,579
)
 
(1,634,247
)
 
(1,692,211
)
 
(4,196,801
)
 
(3,459,268
)
 
(5,398,836
)
 
(135,195
)
 
(399,154
)
 
(1,653
)
 
(2,863,155
)
Net increase (decrease) in net assets from
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   contract transactions
 
(5,023,741
)
 
(10,455,733
)
 
(11,543,215
)
 
(6,931,810
)
 
(5,313,591
)
 
(14,602,933
)
 
5,143,878

 
6,716,074

 
684,020

 
7,959,220

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in net assets
 
(3,015,802
)
 
(5,039,483
)
 
(6,857,066
)
 
7,534,701

 
5,763,164

 
2,584,414

 
7,542,030

 
10,158,872

 
814,839

 
9,132,444

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets beginning of period
 
59,765,284

 
135,511,885

 
142,096,615

 
339,937,172

 
280,866,529

 
443,578,374

 
11,122,098

 
30,621,414

 
3,732,815

 
259,476,449

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets end of period
 
$
56,749,482

 
$
130,472,402

 
$
135,239,549

 
$
347,471,873

 
$
286,629,693

 
$
446,162,788

 
$
18,664,128

 
$
40,780,286

 
4,547,654

 
$
268,608,893

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1 Contract unit transactions
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2015
 
3,188,724

 
6,881,873

 
10,875,429

 
17,079,069

 
19,230,242

 
23,737,460

 
1,116,827

 
1,815,561

 
396,872

 
4,906,708

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      Units Issued
 
882,277

 
1,299,272

 
1,470,285

 
2,488,356

 
2,578,049

 
3,083,064

 
822,558

 
889,393

 
169,184

 
1,681,446

      Units Redeemed
 
(1,157,691
)
 
(1,882,776
)
 
(2,341,248
)
 
(2,864,046
)
 
(2,960,923
)
 
(3,880,952
)
 
(327,418
)
 
(530,265
)
 
(98,805
)
 
(1,547,372
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2016
 
2,913,310

 
6,298,369

 
10,004,466

 
16,703,379

 
18,847,368

 
22,939,572

 
1,611,967

 
2,174,689

 
467,251

 
5,040,782

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

See notes to financial statements.

43

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Changes in Net Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/T. Rowe Price Mid-Cap Growth Fund - A
 
JNL/T. Rowe Price Short-Term Bond Fund - A
 
JNL/T. Rowe Price Value Fund - A
 
JNL/Westchester Capital Event Driven Fund - A
 
JNL/WMC Balanced Fund - A
 
JNL/WMC Money Market Fund - A
 
JNL/WMC Value Fund - A
 
JNL/MC Communications Sector Fund - A
 
JNL/MC Consumer Brands Sector Fund - A
 
JNL/MC Financial Sector Fund - A
Operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net investment income (loss)
 
$
(3,077,944
)
 
$
(105,528
)
 
$
375,980

 
$
(1,045
)
 
$
(132,929
)
 
$
(1,171,148
)
 
$
(214,890
)
 
$
155,508

 
$
(457,986
)
 
$
57,000

   Net realized gain (loss) on investments
 
5,104,959

 
(159,214
)
 
9,101,814

 
352

 
9,872,495

 
1,462

 
548,710

 
1,084,034

 
1,641,102

 
2,586,603

   Net change in unrealized appreciation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      (depreciation) on investments
 
6,832,032

 
206,254

 
807,423

 
3,183

 
14,356,814

 
—

 
4,901,830

 
1,189,265

 
787,015

 
9,647,104

Net increase (decrease) in net assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   from operations
 
8,859,047

 
(58,488
)
 
10,285,217

 
2,490

 
24,096,380

 
(1,169,686
)
 
5,235,650

 
2,428,807

 
1,970,131

 
12,290,707

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Contract transactions 1
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Purchase payments (Note 4)
 
22,683,481

 
10,148,845

 
16,643,886

 
41,568

 
56,469,683

 
55,916,355

 
3,515,479

 
618,672

 
9,556,815

 
7,044,566

   Surrenders and terminations
 
(12,092,560
)
 
(3,779,638
)
 
(7,968,439
)
 
(3,965
)
 
(12,170,825
)
 
(21,949,462
)
 
(2,747,933
)
 
(769,781
)
 
(2,457,370
)
 
(2,615,576
)
   Transfers between Investment Divisions
 
(10,110,253
)
 
(1,645,974
)
 
2,096,948

 
81,935

 
24,581,628

 
(25,853,323
)
 
(317,746
)
 
301,077

 
(13,789,441
)
 
12,674,734

   Contract owner charges (Note 3)
 
(2,481,542
)
 
(625,266
)
 
(1,158,837
)
 
(29
)
 
(2,778,553
)
 
(846,256
)
 
(521,854
)
 
(162,710
)
 
(614,157
)
 
(662,166
)
Net increase (decrease) in net assets from
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   contract transactions
 
(2,000,874
)
 
4,097,967

 
9,613,558

 
119,509

 
66,101,933

 
7,267,314

 
(72,054
)
 
(12,742
)
 
(7,304,153
)
 
16,441,558

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in net assets
 
6,858,173

 
4,039,479

 
19,898,775

 
121,999

 
90,198,313

 
6,097,628

 
5,163,596

 
2,416,065

 
(5,334,022
)
 
28,732,265

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets beginning of period
 
199,715,670

 
58,280,176

 
103,768,516

 
33,498

 
228,922,894

 
70,791,043

 
44,306,037

 
11,240,043

 
60,046,937

 
52,079,564

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets end of period
 
$
206,573,843

 
$
62,319,655

 
$
123,667,291

 
$
155,497

 
$
319,121,207

 
$
76,888,671

 
$
49,469,633

 
$
13,656,108

 
$
54,712,915

 
$
80,811,829

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1 Contract unit transactions
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2015
 
2,484,797

 
5,700,368

 
4,353,923

 
3,555

 
5,903,949

 
5,888,262

 
1,505,230

 
1,446,597

 
2,621,897

 
4,501,871

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      Units Issued
 
594,150

 
2,730,322

 
1,361,831

 
18,301

 
2,589,095

 
10,933,168

 
247,344

 
339,509

 
828,047

 
2,766,285

      Units Redeemed
 
(628,518
)
 
(2,349,029
)
 
(973,903
)
 
(5,609
)
 
(1,020,403
)
 
(10,342,772
)
 
(250,924
)
 
(364,887
)
 
(1,183,586
)
 
(1,584,045
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2016
 
2,450,429

 
6,081,661

 
4,741,851

 
16,247

 
7,472,641

 
6,478,658

 
1,501,650

 
1,421,219

 
2,266,358

 
5,684,111

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

See notes to financial statements.

44

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Changes in Net Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/MC Healthcare Sector Fund - A
 
JNL/MC JNL 5 Fund - A
 
JNL/MC Nasdaq 100 Fund - A
 
JNL/MC Oil & Gas Sector Fund - A
 
JNL/MC S&P 24 Fund - A
 
JNL/MC S&P SMid 60 Fund - A
 
JNL/MC Technology Sector Fund - A
 
 
 
 
 
 
Operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net investment income (loss)
 
$
631,613

 
$
2,023,158

 
$
(260,190
)
 
$
446,088

 
$
(130,266
)
 
$
(111,623
)
 
$
(921,462
)
 
 
 
 
 
 
   Net realized gain (loss) on investments
 
14,991,142

 
6,542,540

 
6,307,328

 
(3,483,250
)
 
(1,701,336
)
 
(439,342
)
 
3,777,987

 
 
 
 
 
 
   Net change in unrealized appreciation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      (depreciation) on investments
 
(27,038,486
)
 
14,024,259

 
(2,298,955
)
 
23,970,340

 
2,023,338

 
7,383,021

 
8,911,616

 
 
 
 
 
 
Net increase (decrease) in net assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   from operations
 
(11,415,731
)
 
22,589,957

 
3,748,183

 
20,933,178

 
191,736

 
6,832,056

 
11,768,141

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Contract transactions 1
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Purchase payments (Note 4)
 
21,123,511

 
5,790,024

 
8,487,898

 
11,783,575

 
1,336,872

 
4,093,226

 
13,410,635

 
 
 
 
 
 
   Surrenders and terminations
 
(8,545,435
)
 
(20,738,756
)
 
(2,607,386
)
 
(3,448,616
)
 
(2,542,136
)
 
(1,044,570
)
 
(5,703,703
)
 
 
 
 
 
 
   Transfers between Investment Divisions
 
(17,780,526
)
 
(13,489,337
)
 
3,560,858

 
9,255,149

 
(1,501,770
)
 
14,081,096

 
184,975

 
 
 
 
 
 
   Contract owner charges (Note 3)
 
(2,261,512
)
 
(2,074,729
)
 
(596,561
)
 
(1,111,120
)
 
(267,998
)
 
(250,615
)
 
(1,306,845
)
 
 
 
 
 
 
Net increase (decrease) in net assets from
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   contract transactions
 
(7,463,962
)
 
(30,512,798
)
 
8,844,809

 
16,478,988

 
(2,975,032
)
 
16,879,137

 
6,585,062

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in net assets
 
(18,879,693
)
 
(7,922,841
)
 
12,592,992

 
37,412,166

 
(2,783,296
)
 
23,711,193

 
18,353,203

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets beginning of period
 
210,768,138

 
239,192,074

 
50,365,696

 
73,657,215

 
29,558,413

 
15,745,548

 
105,648,234

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets end of period
 
$
191,888,445

 
$
231,269,233

 
$
62,958,688

 
$
111,069,381

 
$
26,775,117

 
$
39,456,741

 
$
124,001,437

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1 Contract unit transactions
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2015
 
7,892,964

 
14,272,141

 
2,332,872

 
2,726,360

 
2,098,357

 
1,042,215

 
9,382,054

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      Units Issued
 
1,841,712

 
959,257

 
1,536,067

 
1,234,825

 
320,171

 
1,204,952

 
3,418,854

 
 
 
 
 
 
      Units Redeemed
 
(2,181,359
)
 
(2,752,728
)
 
(1,128,995
)
 
(695,164
)
 
(544,968
)
 
(278,832
)
 
(2,953,039
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2016
 
7,553,317

 
12,478,670

 
2,739,944

 
3,266,021

 
1,873,560

 
1,968,335

 
9,847,869

 
 
 
 
 
 



See notes to financial statements.

45

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Changes in Net Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CG - Alt 100 Conservative Fund (a)
 
CG - Alt 100 Growth Fund (a)
 
CG - International Conservative Fund (a)
 
CG - International Growth Fund (a)
 
CG - International Moderate Fund (a)
 
CG - Institutional Alt 65 Fund (a)
 
CG - Multi-Strategy Income Fund (a)
 
CG - Tactical Maximum Growth Fund (a)
 
CG - Tactical Moderate Growth Fund (a)
 
Curian Dynamic Risk Advantage - Diversified Fund (a)
Operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net investment income (loss)
 
$
18,654

 
$
51,006

 
$
642

 
$
4,403

 
$
5,546

 
$
77,800

 
$
23,394

 
$
75,957

 
$
108,096

 
$
17,260

   Net realized gain (loss) on investments
 
64,083

 
56,406

 
(10,605
)
 
3,236

 
(13,680
)
 
399,793

 
5,787

 
559,877

 
1,101,607

 
636,503

   Net change in unrealized appreciation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      (depreciation) on investments
 
(14,601
)
 
11,806

 
11,009

 
16,070

 
28,192

 
(261,167
)
 
5,350

 
(326,444
)
 
(484,109
)
 
(392,618
)
Net increase (decrease) in net assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   from operations
 
68,136

 
119,218

 
1,046

 
23,709

 
20,058

 
216,426

 
34,531

 
309,390

 
725,594

 
261,145

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Contract transactions 1
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Purchase payments (Note 4)
 
252,974

 
105,167

 
34,233

 
194,214

 
11,905

 
66,370

 
104,843

 
601,969

 
152,048

 
772,853

   Surrenders and terminations
 
(24,196
)
 
(39,093
)
 
(1,067
)
 
(3
)
 
(3,812
)
 
(121,657
)
 
(114,025
)
 
(349,848
)
 
(92,008
)
 
(294,188
)
   Transfers between Investment Divisions
 
(2,433,792
)
 
(4,048,633
)
 
(297,858
)
 
(565,295
)
 
(763,461
)
 
(6,021,889
)
 
(2,088,202
)
 
(7,023,041
)
 
(14,175,219
)
 
(10,212,063
)
   Contract owner charges (Note 3)
 
(1,084
)
 
(318
)
 
(36
)
 
(10
)
 
(220
)
 
(466
)
 
(34
)
 
(469
)
 
(817
)
 
(1,374
)
Net increase (decrease) in net assets from
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   contract transactions
 
(2,206,098
)
 
(3,982,877
)
 
(264,728
)
 
(371,094
)
 
(755,588
)
 
(6,077,642
)
 
(2,097,418
)
 
(6,771,389
)
 
(14,115,996
)
 
(9,734,772
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in net assets
 
(2,137,962
)
 
(3,863,659
)
 
(263,682
)
 
(347,385
)
 
(735,530
)
 
(5,861,216
)
 
(2,062,887
)
 
(6,461,999
)
 
(13,390,402
)
 
(9,473,627
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets beginning of period
 
2,137,962

 
3,863,659

 
263,682

 
347,385

 
735,530

 
5,861,216

 
2,062,887

 
6,461,999

 
13,390,402

 
9,473,627

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets end of period
 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1 Contract unit transactions
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2014
 
214,616

 
377,864

 
27,954

 
35,843

 
77,296

 
519,527

 
211,864

 
541,673

 
1,136,336

 
900,750

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      Units Issued
 
31,906

 
14,200

 
4,521

 
35,759

 
3,859

 
9,372

 
19,559

 
61,295

 
14,069

 
106,567

      Units Redeemed
 
(246,522
)
 
(392,064
)
 
(32,475
)
 
(71,602
)
 
(81,155
)
 
(528,899
)
 
(231,423
)
 
(602,968
)
 
(1,150,405
)
 
(1,007,317
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2015
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) The period is from January 1, 2015 through April 27, 2015, the date the Fund was acquired. 
 



See notes to financial statements.

46

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Changes in Net Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Curian Dynamic Risk Advantage - Growth Fund (a)
 
Curian Dynamic Risk Advantage - Income Fund (a)
 
Curian/Aberdeen Latin America Fund (a)
 
Curian/Ashmore Emerging Market Small Cap Equity Fund (a)
 
Curian/Baring International Fixed Income Fund (a)
 
Curian/ CenterSquare International Real Estate Securities Fund (a)
 
Curian/PineBridge Merger Arbitrage Fund (a)
 
Curian/Schroder Emerging Europe Fund (a)
 
Curian/UBS Global Long Short Fixed Income Opportunities Fund (a)
 
JG - Alt 100 Fund
Operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net investment income (loss)
 
$
(10,214
)
 
$
162,962

 
$
(514
)
 
$
(328
)
 
$
(1,440
)
 
$
1,795

 
$
(15,629
)
 
$
(1,015
)
 
$
33,213

 
$
25,533

   Net realized gain (loss) on investments
 
(58,681
)
 
264,656

 
(36,061
)
 
16,763

 
(31,614
)
 
1,958

 
(18,554
)
 
(55,768
)
 
(60,865
)
 
442,662

   Net change in unrealized appreciation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      (depreciation) on investments
 
167,411

 
(313,136
)
 
30,168

 
18,266

 
20,669

 
20,440

 
24,257

 
84,085

 
40,185

 
(1,437,545
)
Net increase (decrease) in net assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   from operations
 
98,516

 
114,482

 
(6,407
)
 
34,701

 
(12,385
)
 
24,193

 
(9,926
)
 
27,302

 
12,533

 
(969,350
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Contract transactions 1
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Purchase payments (Note 4)
 
67,132

 
181,656

 
22,061

 
16,150

 
109,046

 
50,631

 
102,231

 
34,977

 
36,931

 
2,809,496

   Surrenders and terminations
 
(14,368
)
 
(112,610
)
 
(8,259
)
 
(1,180
)
 
(7,043
)
 
(8,485
)
 
(53,427
)
 
(1,282
)
 
(6,275
)
 
(637,002
)
   Transfers between Investment Divisions
 
(3,222,923
)
 
(7,837,006
)
 
(164,435
)
 
(295,516
)
 
(503,774
)
 
(448,955
)
 
(4,860,633
)
 
(377,685
)
 
(1,115,640
)
 
4,490,856

   Contract owner charges (Note 3)
 
(345
)
 
(542
)
 
(2
)
 
(2
)
 
(17
)
 
(120
)
 
(322
)
 
(14
)
 
(25
)
 
(7,638
)
Net increase (decrease) in net assets from
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   contract transactions
 
(3,170,504
)
 
(7,768,502
)
 
(150,635
)
 
(280,548
)
 
(401,788
)
 
(406,929
)
 
(4,812,151
)
 
(344,004
)
 
(1,085,009
)
 
6,655,712

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in net assets
 
(3,071,988
)
 
(7,654,020
)
 
(157,042
)
 
(245,847
)
 
(414,173
)
 
(382,736
)
 
(4,822,077
)
 
(316,702
)
 
(1,072,476
)
 
5,686,362

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets beginning of period
 
3,071,988

 
7,654,020

 
157,042

 
245,847

 
414,173

 
382,736

 
4,822,077

 
316,702

 
1,072,476

 
19,386,105

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets end of period
 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
25,072,467

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1 Contract unit transactions
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2014
 
340,613

 
693,625

 
22,702

 
26,618

 
45,004

 
41,419

 
495,304

 
42,563

 
114,640

 
1,839,948

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      Units Issued
 
9,688

 
37,122

 
6,778

 
5,413

 
17,753

 
8,895

 
21,031

 
8,285

 
8,193

 
1,060,887

      Units Redeemed
 
(350,301
)
 
(730,747
)
 
(29,480
)
 
(32,031
)
 
(62,757
)
 
(50,314
)
 
(516,335
)
 
(50,848
)
 
(122,833
)
 
(454,827
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2015
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
2,446,008

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) The period is from January 1, 2015 through April 27, 2015, the date the Fund was acquired. 
 



See notes to financial statements.

47

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Changes in Net Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JG - Conservative Fund
 
JG - Equity 100 Fund
 
JG - Equity Income Fund (a)
 
JG - Fixed Income 100 Fund
 
JG - Growth Fund
 
JG - Interest Rate Opportunities Fund
 
JG - Maximum Growth Fund
 
JG - Moderate Fund
 
JG - Moderate Growth Fund
 
JG - Real Assets Fund
Operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net investment income (loss)
 
$
16,917

 
$
67,292

 
$
28,576

 
$
9,061

 
$
87,987

 
$
(5,428
)
 
$
32,440

 
$
166,009

 
$
113,801

 
$
(1,281
)
   Net realized gain (loss) on investments
 
117,820

 
516,475

 
(415,787
)
 
(23,414
)
 
415,948

 
27,850

 
370,910

 
698,842

 
874,713

 
8,196

   Net change in unrealized appreciation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      (depreciation) on investments
 
(415,725
)
 
(703,934
)
 
(307,372
)
 
(191,677
)
 
(860,710
)
 
(223,641
)
 
(1,090,098
)
 
(1,665,939
)
 
(2,839,968
)
 
(96,570
)
Net increase (decrease) in net assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   from operations
 
(280,988
)
 
(120,167
)
 
(694,583
)
 
(206,030
)
 
(356,775
)
 
(201,219
)
 
(686,748
)
 
(801,088
)
 
(1,851,454
)
 
(89,655
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Contract transactions 1
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Purchase payments (Note 4)
 
3,587,732

 
719,580

 
1,157,141

 
931,763

 
5,650,682

 
807,592

 
816,793

 
7,741,386

 
11,411,546

 
460,783

   Surrenders and terminations
 
(524,705
)
 
(108,110
)
 
(208,964
)
 
(487,067
)
 
(341,569
)
 
(171,429
)
 
(255,242
)
 
(1,312,766
)
 
(1,569,768
)
 
(16,821
)
   Transfers between Investment Divisions
 
194,546

 
(296,989
)
 
(8,283,632
)
 
1,428,644

 
2,253,304

 
(493,365
)
 
6,145,831

 
1,026,220

 
12,321,847

 
(101,461
)
   Contract owner charges (Note 3)
 
(5,232
)
 
(2,757
)
 
(524
)
 
(1,301
)
 
(10,842
)
 
(2,089
)
 
(5,422
)
 
(17,101
)
 
(20,938
)
 
(437
)
Net increase (decrease) in net assets from
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   contract transactions
 
3,252,341

 
311,724

 
(7,335,979
)
 
1,872,039

 
7,551,575

 
140,709

 
6,701,960

 
7,437,739

 
22,142,687

 
342,064

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in net assets
 
2,971,353

 
191,557

 
(8,030,562
)
 
1,666,009

 
7,194,800

 
(60,510
)
 
6,015,212

 
6,636,651

 
20,291,233

 
252,409

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets beginning of period
 
7,768,109

 
5,109,676

 
8,030,562

 
3,927,808

 
10,217,009

 
3,669,938

 
5,967,172

 
23,663,231

 
27,429,238

 
369,617

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets end of period
 
$
10,739,462

 
$
5,301,233

 
$
—

 
$
5,593,817

 
$
17,411,809

 
$
3,609,428

 
$
11,982,384

 
$
30,299,882

 
$
47,720,471

 
$
622,026

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1 Contract unit transactions
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2014
 
722,090

 
380,265

 
621,975

 
400,635

 
912,047

 
375,866

 
477,961

 
1,991,913

 
2,307,502

 
38,665

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      Units Issued
 
470,685

 
68,638

 
190,582

 
333,012

 
770,185

 
92,317

 
631,659

 
874,456

 
2,204,981

 
51,276

      Units Redeemed
 
(166,723
)
 
(45,361
)
 
(812,557
)
 
(144,915
)
 
(100,370
)
 
(79,211
)
 
(127,669
)
 
(254,509
)
 
(400,148
)
 
(15,710
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2015
 
1,026,052

 
403,542

 
—

 
588,732

 
1,581,862

 
388,972

 
981,951

 
2,611,860

 
4,112,335

 
74,231

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) The period is from January 1, 2015 through September 28, 2015, the date the Fund was acquired. 
 



See notes to financial statements.

48

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Changes in Net Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL Tactical ETF Conservative Fund
 
JNL Tactical ETF Growth Fund
 
JNL Tactical ETF Moderate Fund
 
JNL/American Funds Global Growth Fund
 
JNL/American Funds Growth Fund
 
JNL/AQR Risk Parity Fund
 
JNL/BlackRock Global Long Short Credit Fund
 
JNL/DFA U.S. Micro Cap Fund
 
JNL/DoubleLine Total Return Fund
 
JNL/Eaton Vance Global Macro Absolute Return Advantage Fund
Operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net investment income (loss)
 
$
768

 
$
8,697

 
$
7,673

 
$
(20,468
)
 
$
(49,432
)
 
$
529,549

 
$
147,604

 
$
(24,608
)
 
$
165,208

 
$
68,441

   Net realized gain (loss) on investments
 
93,240

 
174,467

 
241,140

 
111,627

 
535,648

 
614,422

 
23,737

 
766,543

 
98,170

 
13,850

   Net change in unrealized appreciation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      (depreciation) on investments
 
(142,218
)
 
(343,497
)
 
(422,501
)
 
(18,281
)
 
(26,312
)
 
(1,346,388
)
 
(273,113
)
 
(876,583
)
 
(271,159
)
 
(83,454
)
Net increase (decrease) in net assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   from operations
 
(48,210
)
 
(160,333
)
 
(173,688
)
 
72,878

 
459,904

 
(202,417
)
 
(101,772
)
 
(134,648
)
 
(7,781
)
 
(1,163
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Contract transactions 1
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Purchase payments (Note 4)
 
1,460,917

 
3,406,643

 
5,308,429

 
2,744,632

 
6,231,686

 
433,099

 
790,415

 
351,467

 
10,163,087

 
652,908

   Surrenders and terminations
 
(689,815
)
 
(269,029
)
 
(280,877
)
 
(211,680
)
 
(449,922
)
 
(78,148
)
 
(212,317
)
 
(218,932
)
 
(988,436
)
 
(89,250
)
   Transfers between Investment Divisions
 
255,092

 
(90,540
)
 
83,577

 
687,087

 
40,050

 
199,986

 
939,933

 
(363,203
)
 
10,767,180

 
(91,508
)
   Contract owner charges (Note 3)
 
(1,350
)
 
(8,190
)
 
(3,309
)
 
(1,038
)
 
(1,713
)
 
(279
)
 
(1,027
)
 
(3,654
)
 
(18,374
)
 
(440
)
Net increase (decrease) in net assets from
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   contract transactions
 
1,024,844

 
3,038,884

 
5,107,820

 
3,219,001

 
5,820,101

 
554,658

 
1,517,004

 
(234,322
)
 
19,923,457

 
471,710

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in net assets
 
976,634

 
2,878,551

 
4,934,132

 
3,291,879

 
6,280,005

 
352,241

 
1,415,232

 
(368,970
)
 
19,915,676

 
470,547

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets beginning of period
 
5,385,044

 
6,826,886

 
10,650,760

 
1,913,873

 
7,896,306

 
1,064,450

 
2,205,082

 
2,492,854

 
8,702,234

 
903,678

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets end of period
 
$
6,361,678

 
$
9,705,437

 
$
15,584,892

 
$
5,205,752

 
$
14,176,311

 
$
1,416,691

 
$
3,620,314

 
$
2,123,884

 
$
28,617,910

 
$
1,374,225

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1 Contract unit transactions
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2014
 
480,060

 
534,300

 
875,916

 
172,794

 
545,207

 
99,361

 
219,530

 
172,312

 
828,603

 
92,240

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      Units Issued
 
221,677

 
340,511

 
478,989

 
347,055

 
540,332

 
84,602

 
238,631

 
57,235

 
2,458,406

 
104,500

      Units Redeemed
 
(130,071
)
 
(107,565
)
 
(61,457
)
 
(74,490
)
 
(156,697
)
 
(34,933
)
 
(88,947
)
 
(73,583
)
 
(565,891
)
 
(57,786
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2015
 
571,666

 
767,246

 
1,293,448

 
445,359

 
928,842

 
149,030

 
369,214

 
155,964

 
2,721,118

 
138,954


See notes to financial statements.

49

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Changes in Net Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/Epoch Global Shareholder Yield Fund
 
JNL/FAMCO Flex Core Covered Call Fund
 
JNL/Franklin Templeton Natural Resources Fund (a)
 
JNL/Lazard International Strategic Equity Fund
 
JNL/MC Frontier Markets 100 Index Fund
 
JNL/Neuberger Berman Currency Fund
 
JNL/Neuberger Berman Risk Balanced Commodity Strategy Fund
 
JNL/Nicholas Convertible Arbitrage Fund
 
JNL/PIMCO Credit Income Fund
 
JNL/PPM America Long Short Credit Fund
Operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net investment income (loss)
 
$
18,538

 
$
101,486

 
$
48,530

 
$
(281
)
 
$
135,922

 
$
5,609

 
$
(3,031
)
 
$
10,666

 
$
47,570

 
$
14,659

   Net realized gain (loss) on investments
 
7,135

 
260,497

 
(1,157,961
)
 
19,903

 
457,961

 
964

 
(6,023
)
 
(62,921
)
 
28,280

 
(18,500
)
   Net change in unrealized appreciation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      (depreciation) on investments
 
(207,152
)
 
(874,180
)
 
705,246

 
(34,646
)
 
(734,723
)
 
(1,237
)
 
(89,042
)
 
(449,293
)
 
(187,768
)
 
(27,409
)
Net increase (decrease) in net assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   from operations
 
(181,479
)
 
(512,197
)
 
(404,185
)
 
(15,024
)
 
(140,840
)
 
5,336

 
(98,096
)
 
(501,548
)
 
(111,918
)
 
(31,250
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Contract transactions 1
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Purchase payments (Note 4)
 
312,536

 
3,856,178

 
590,440

 
1,156,009

 
185,666

 
167,977

 
292,791

 
949,827

 
2,204,849

 
242,821

   Surrenders and terminations
 
(103,416
)
 
(490,872
)
 
(45,279
)
 
(12,121
)
 
(14,546
)
 
(19,932
)
 
(9,985
)
 
(420,454
)
 
(189,108
)
 
(173,046
)
   Transfers between Investment Divisions
 
(218,283
)
 
39,598

 
(1,717,592
)
 
1,014,772

 
(17,601
)
 
(160,886
)
 
123,642

 
2,945,945

 
235,009

 
(159
)
   Contract owner charges (Note 3)
 
(463
)
 
(4,125
)
 
(612
)
 
(110
)
 
(139
)
 
(387
)
 
(45
)
 
(2,997
)
 
(1,511
)
 
(359
)
Net increase (decrease) in net assets from
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   contract transactions
 
(9,626
)
 
3,400,779

 
(1,173,043
)
 
2,158,550

 
153,380

 
(13,228
)
 
406,403

 
3,472,321

 
2,249,239

 
69,257

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in net assets
 
(191,105
)
 
2,888,582

 
(1,577,228
)
 
2,143,526

 
12,540

 
(7,892
)
 
308,307

 
2,970,773

 
2,137,321

 
38,007

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets beginning of period
 
2,947,434

 
8,762,096

 
1,577,228

 
892,287

 
756,191

 
743,990

 
126,153

 
6,133,142

 
2,599,279

 
476,214

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets end of period
 
$
2,756,329

 
$
11,650,678

 
$
—

 
$
3,035,813

 
$
768,731

 
$
736,098

 
$
434,460

 
$
9,103,915

 
$
4,736,600

 
$
514,221

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1 Contract unit transactions
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2014
 
216,768

 
716,307

 
212,836

 
79,443

 
73,689

 
74,474

 
16,413

 
602,745

 
237,398

 
48,323

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      Units Issued
 
46,721

 
477,946

 
162,382

 
234,196

 
48,878

 
23,351

 
67,049

 
573,173

 
336,602

 
53,800

      Units Redeemed
 
(47,836
)
 
(200,294
)
 
(375,218
)
 
(52,015
)
 
(33,608
)
 
(24,722
)
 
(7,217
)
 
(244,093
)
 
(132,580
)
 
(47,361
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2015
 
215,653

 
993,959

 
—

 
261,624

 
88,959

 
73,103

 
76,245

 
931,825

 
441,420

 
54,762

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) The period is from January 1, 2015 through September 28, 2015, the date the Fund was acquired. 

See notes to financial statements.

50

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Changes in Net Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/T. Rowe Price Capital Appreciation Fund
 
JNL/The Boston Company Equity Income Fund
 
JNL/The London Company Focused U.S. Equity Fund
 
JNL/Van Eck International Gold Fund
 
JNL/WCM Focused International Equity Fund
 
JNL Alt 65 Fund - A
 
JNL Disciplined Growth Fund - A
 
JNL Disciplined Moderate Fund - A
 
JNL Disciplined Moderate Growth Fund - A
 
JNL Institutional Alt 20 Fund - A
Operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net investment income (loss)
 
$
(77,340
)
 
$
(9,967
)
 
$
(6,318
)
 
$
36,478

 
$
(6,269
)
 
$
76,296

 
$
444,979

 
$
773,963

 
$
944,405

 
$
644,954

   Net realized gain (loss) on investments
 
79,860

 
485,370

 
7,234

 
(175,099
)
 
2,062

 
1,090,698

 
2,946,995

 
3,326,698

 
4,802,666

 
7,989,373

   Net change in unrealized appreciation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      (depreciation) on investments
 
105,212

 
(118,467
)
 
(23,861
)
 
(304,814
)
 
23,935

 
(1,955,642
)
 
(5,427,292
)
 
(6,836,675
)
 
(9,437,312
)
 
(11,552,080
)
Net increase (decrease) in net assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   from operations
 
107,732

 
356,936

 
(22,945
)
 
(443,435
)
 
19,728

 
(788,648
)
 
(2,035,318
)
 
(2,736,014
)
 
(3,690,241
)
 
(2,917,753
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Contract transactions 1
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Purchase payments (Note 4)
 
5,983,032

 
1,490,263

 
289,123

 
209,478

 
246,518

 
528,108

 
8,400,464

 
13,499,702

 
15,004,366

 
8,496,269

   Surrenders and terminations
 
(577,933
)
 
(243,397
)
 
(25,457
)
 
(29,656
)
 
(13,567
)
 
(1,299,217
)
 
(2,369,683
)
 
(4,007,919
)
 
(3,456,963
)
 
(4,142,702
)
   Transfers between Investment Divisions
 
6,927,943

 
6,600,813

 
(2,947
)
 
336,953

 
40,642

 
3,780,262

 
(2,469,051
)
 
(1,403,572
)
 
(236,863
)
 
(6,905,212
)
   Contract owner charges (Note 3)
 
(978
)
 
(3,253
)
 
(299
)
 
(729
)
 
(42
)
 
(199,268
)
 
(568,048
)
 
(985,209
)
 
(1,193,888
)
 
(961,968
)
Net increase (decrease) in net assets from
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   contract transactions
 
12,332,064

 
7,844,426

 
260,420

 
516,046

 
273,551

 
2,809,885

 
2,993,682

 
7,103,002

 
10,116,652

 
(3,513,613
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in net assets
 
12,439,796

 
8,201,362

 
237,475

 
72,611

 
293,279

 
2,021,237

 
958,364

 
4,366,988

 
6,426,411

 
(6,431,366
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets beginning of period
 
3,540,357

 
4,350,791

 
623,789

 
1,325,783

 
485,989

 
15,669,958

 
47,102,125

 
79,706,122

 
92,862,508

 
83,312,956

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets end of period
 
$
15,980,153

 
$
12,552,153

 
$
861,264

 
$
1,398,394

 
$
779,268

 
$
17,691,195

 
$
48,060,489

 
$
84,073,110

 
$
99,288,919

 
$
76,881,590

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1 Contract unit transactions
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2014
 
304,702

 
271,982

 
55,687

 
307,930

 
47,184

 
907,130

 
4,023,792

 
6,187,995

 
7,431,378

 
5,013,310

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      Units Issued
 
1,187,708

 
695,099

 
35,232

 
256,039

 
30,750

 
386,907

 
1,187,923

 
1,688,084

 
1,954,468

 
836,275

      Units Redeemed
 
(162,491
)
 
(160,201
)
 
(12,091
)
 
(116,976
)
 
(5,665
)
 
(244,610
)
 
(930,871
)
 
(1,136,265
)
 
(1,158,085
)
 
(1,045,559
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2015
 
1,329,919

 
806,880

 
78,828

 
446,993

 
72,269

 
1,049,427

 
4,280,844

 
6,739,814

 
8,227,761

 
4,804,026

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

See notes to financial statements.

51

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Changes in Net Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL Institutional Alt 35 Fund - A
 
JNL Institutional Alt 50 Fund - A
 
JNL Multi-Manager Alternative Fund - A (a)
 
JNL Multi-Manager Small Cap Growth Fund - A
 
JNL Multi-Manager Small Cap Value Fund - A
 
JNL/AB Dynamic Asset Allocation Fund - A
 
JNL/American Funds Balanced Allocation Fund - A
 
JNL/American Funds Blue Chip Income and Growth Fund - A
 
JNL/American Funds Global Bond Fund - A
 
JNL/American Funds Global Small Capitalization Fund - A
Operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net investment income (loss)
 
$
667,072

 
$
844,960

 
$
(1,872
)
 
$
(1,176,036
)
 
$
(511,841
)
 
$
(25,362
)
 
$
(147,385
)
 
$
1,169,969

 
$
(65,792
)
 
$
(425,685
)
   Net realized gain (loss) on investments
 
7,762,130

 
8,511,106

 
(568
)
 
11,677,730

 
3,583,086

 
21,902

 
1,339,463

 
6,025,855

 
(31,450
)
 
1,497,410

   Net change in unrealized appreciation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      (depreciation) on investments
 
(11,862,016
)
 
(13,502,131
)
 
(10,250
)
 
(15,311,562
)
 
(7,661,098
)
 
(89,250
)
 
(2,613,619
)
 
(13,891,684
)
 
(1,425,250
)
 
(2,218,560
)
Net increase (decrease) in net assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   from operations
 
(3,432,814
)
 
(4,146,065
)
 
(12,690
)
 
(4,809,868
)
 
(4,589,853
)
 
(92,710
)
 
(1,421,541
)
 
(6,695,860
)
 
(1,522,492
)
 
(1,146,835
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Contract transactions 1
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Purchase payments (Note 4)
 
6,162,395

 
9,634,856

 
277,342

 
7,673,263

 
4,607,782

 
1,231,980

 
18,499,839

 
30,066,372

 
2,838,104

 
4,256,620

   Surrenders and terminations
 
(2,434,527
)
 
(6,215,120
)
 
(3,682
)
 
(2,849,612
)
 
(1,498,855
)
 
(23,148
)
 
(1,883,928
)
 
(5,085,103
)
 
(1,171,463
)
 
(1,188,926
)
   Transfers between Investment Divisions
 
(10,190,668
)
 
(10,389,642
)
 
208,408

 
(3,129,266
)
 
(7,028,873
)
 
(457,516
)
 
9,543,512

 
(12,004,494
)
 
(1,118,281
)
 
3,513,433

   Contract owner charges (Note 3)
 
(1,101,862
)
 
(1,541,570
)
 
(111
)
 
(862,265
)
 
(476,103
)
 
(178
)
 
(608,168
)
 
(1,655,330
)
 
(321,117
)
 
(335,285
)
Net increase (decrease) in net assets from
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   contract transactions
 
(7,564,662
)
 
(8,511,476
)
 
481,957

 
832,120

 
(4,396,049
)
 
751,138

 
25,551,255

 
11,321,445

 
227,243

 
6,245,842

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in net assets
 
(10,997,476
)
 
(12,657,541
)
 
469,267

 
(3,977,748
)
 
(8,985,902
)
 
658,428

 
24,129,714

 
4,625,585

 
(1,295,249
)
 
5,099,007

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets beginning of period
 
95,505,055

 
123,666,518

 
—

 
74,057,130

 
47,878,646

 
1,575,730

 
40,268,612

 
127,385,138

 
25,887,064

 
23,636,409

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets end of period
 
$
84,507,579

 
$
111,008,977

 
$
469,267

 
$
70,079,382

 
$
38,892,744

 
$
2,234,158

 
$
64,398,326

 
$
132,010,723

 
$
24,591,815

 
$
28,735,416

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1 Contract unit transactions
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2014
 
5,629,885

 
7,300,860

 
—

 
1,933,406

 
2,607,545

 
154,484

 
3,353,932

 
7,747,188

 
2,462,142

 
1,843,871

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      Units Issued
 
691,677

 
1,081,928

 
52,131

 
421,482

 
593,130

 
195,181

 
2,708,702

 
3,048,585

 
502,513

 
992,361

      Units Redeemed
 
(1,146,404
)
 
(1,588,394
)
 
(2,766
)
 
(406,800
)
 
(831,754
)
 
(124,504
)
 
(608,716
)
 
(2,369,232
)
 
(485,462
)
 
(559,112
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2015
 
5,175,158

 
6,794,394

 
49,365

 
1,948,088

 
2,368,921

 
225,161

 
5,453,918

 
8,426,541

 
2,479,193

 
2,277,120

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Commencement of operations April 27, 2015.

See notes to financial statements.

52

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Changes in Net Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/American Funds Growth-Income Fund - A
 
JNL/American Funds Growth Allocation Fund - A
 
JNL/American Funds International Fund - A
 
JNL/American Funds New World Fund - A
 
JNL/AQR Managed Futures Strategy Fund - A
 
JNL/BlackRock Global Allocation Fund - A
 
JNL/BlackRock Large Cap Select Growth Fund - A
 
JNL/BlackRock Natural Resources Fund - A
 
JNL/Boston Partners Global Long Short Equity Fund - A
 
JNL/Brookfield Global Infrastructure and MLP Fund - A
Operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net investment income (loss)
 
$
(995,787
)
 
$
(154,264
)
 
$
(305,199
)
 
$
(260,695
)
 
$
978,931

 
$
1,051,220

 
$
(771,645
)
 
$
(482,901
)
 
$
(6,923
)
 
$
191,980

   Net realized gain (loss) on investments
 
9,962,577

 
1,355,408

 
555,454

 
3,089,151

 
(44,548
)
 
10,018,329

 
4,908,799

 
(2,112,701
)
 
4,189

 
96,807

   Net change in unrealized appreciation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      (depreciation) on investments
 
(10,357,351
)
 
(2,025,428
)
 
(4,099,892
)
 
(4,833,222
)
 
(1,271,319
)
 
(16,113,632
)
 
(2,688,866
)
 
(10,332,919
)
 
29,390

 
(13,266,361
)
Net increase (decrease) in net assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   from operations
 
(1,390,561
)
 
(824,284
)
 
(3,849,637
)
 
(2,004,766
)
 
(336,936
)
 
(5,044,083
)
 
1,448,288

 
(12,928,521
)
 
26,656

 
(12,977,574
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Contract transactions 1
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Purchase payments (Note 4)
 
40,211,689

 
12,832,676

 
13,245,248

 
5,473,519

 
2,919,356

 
34,373,014

 
9,623,029

 
6,388,621

 
674,659

 
12,440,862

   Surrenders and terminations
 
(6,926,739
)
 
(827,213
)
 
(1,714,373
)
 
(1,274,799
)
 
(471,340
)
 
(5,313,560
)
 
(2,637,611
)
 
(1,949,283
)
 
(12,920
)
 
(1,723,680
)
   Transfers between Investment Divisions
 
10,602,646

 
2,902,919

 
8,518,468

 
1,505,033

 
5,147,433

 
(1,657,445
)
 
15,129,305

 
3,585,882

 
893,021

 
(12,009,825
)
   Contract owner charges (Note 3)
 
(1,633,091
)
 
(438,637
)
 
(521,428
)
 
(449,540
)
 
(14,734
)
 
(1,749,752
)
 
(542,027
)
 
(528,051
)
 
(76
)
 
(621,246
)
Net increase (decrease) in net assets from
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   contract transactions
 
42,254,505

 
14,469,745

 
19,527,915

 
5,254,213

 
7,580,715

 
25,652,257

 
21,572,696

 
7,497,169

 
1,554,684

 
(1,913,889
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in net assets
 
40,863,944

 
13,645,461

 
15,678,278

 
3,249,447

 
7,243,779

 
20,608,174

 
23,020,984

 
(5,431,352
)
 
1,581,340

 
(14,891,463
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets beginning of period
 
128,384,374

 
29,907,964

 
37,523,757

 
34,440,283

 
6,589,279

 
150,193,877

 
40,302,004

 
47,647,806

 
273,357

 
67,480,402

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets end of period
 
$
169,248,318

 
$
43,553,425

 
$
53,202,035

 
$
37,689,730

 
$
13,833,058

 
$
170,802,051

 
$
63,322,988

 
$
42,216,454

 
$
1,854,697

 
$
52,588,939

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1 Contract unit transactions
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2014
 
7,862,247

 
2,375,225

 
3,150,044

 
3,189,943

 
584,380

 
12,596,251

 
1,069,694

 
5,143,682

 
27,802

 
4,326,408

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      Units Issued
 
4,042,077

 
1,673,572

 
2,462,262

 
1,206,793

 
915,850

 
4,627,163

 
760,746

 
2,184,564

 
180,343

 
1,454,811

      Units Redeemed
 
(1,490,917
)
 
(551,767
)
 
(852,521
)
 
(719,825
)
 
(284,764
)
 
(2,502,548
)
 
(258,783
)
 
(1,278,327
)
 
(28,281
)
 
(1,583,861
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2015
 
10,413,407

 
3,497,030

 
4,759,785

 
3,676,911

 
1,215,466

 
14,720,866

 
1,571,657

 
6,049,919

 
179,864

 
4,197,358

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

See notes to financial statements.

53

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Changes in Net Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/Capital Guardian Global Balanced Fund - A
 
JNL/Capital Guardian Global Diversified Research Fund - A
 
JNL/Causeway International Value Select Fund - A
 
JNL/DFA U.S. Core Equity Fund - A
 
JNL/DoubleLine Shiller Enhanced CAPE Fund - A (a)
 
JNL/Eastspring Investments Asia ex-Japan Fund - A
 
JNL/Eastspring Investments China-India Fund - A
 
JNL/Franklin Templeton Founding Strategy Fund - A
 
JNL/Franklin Templeton Global Growth Fund - A
 
JNL/Franklin Templeton Global Multisector Bond Fund - A
Operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net investment income (loss)
 
$
(185,412
)
 
$
(99,844
)
 
$
634,246

 
$
(195,975
)
 
$
(501
)
 
$
69,370

 
$
(224,257
)
 
$
19,735

 
$
244,880

 
$
3,110,225

   Net realized gain (loss) on investments
 
1,786,622

 
648,609

 
(262,027
)
 
2,217,692

 
1,521

 
173,302

 
922,015

 
3,210,247

 
1,299,425

 
(376,268
)
   Net change in unrealized appreciation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      (depreciation) on investments
 
(2,288,147
)
 
(473,118
)
 
(2,406,899
)
 
(3,392,836
)
 
2,875

 
(2,542,597
)
 
(2,960,943
)
 
(10,253,351
)
 
(3,955,748
)
 
(5,218,644
)
Net increase (decrease) in net assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   from operations
 
(686,937
)
 
75,647

 
(2,034,680
)
 
(1,371,119
)
 
3,895

 
(2,299,925
)
 
(2,263,185
)
 
(7,023,369
)
 
(2,411,443
)
 
(2,484,687
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Contract transactions 1
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Purchase payments (Note 4)
 
1,621,364

 
1,458,594

 
4,581,360

 
6,745,178

 
86,871

 
1,321,946

 
4,303,397

 
6,951,652

 
3,441,788

 
8,803,568

   Surrenders and terminations
 
(1,123,465
)
 
(799,570
)
 
(1,222,423
)
 
(1,180,083
)
 
(540
)
 
(490,539
)
 
(1,332,250
)
 
(6,218,308
)
 
(1,276,973
)
 
(1,538,672
)
   Transfers between Investment Divisions
 
(347,984
)
 
960,831

 
2,104,512

 
1,968,305

 
500,061

 
(122,939
)
 
(3,986,271
)
 
(5,161,259
)
 
(766
)
 
(1,942,856
)
   Contract owner charges (Note 3)
 
(225,644
)
 
(168,024
)
 
(384,725
)
 
(367,846
)
 
—

 
(143,713
)
 
(395,398
)
 
(1,069,863
)
 
(362,448
)
 
(346,305
)
Net increase (decrease) in net assets from
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   contract transactions
 
(75,729
)
 
1,451,831

 
5,078,724

 
7,165,554

 
586,392

 
564,755

 
(1,410,522
)
 
(5,497,778
)
 
1,801,601

 
4,975,735

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in net assets
 
(762,666
)
 
1,527,478

 
3,044,044

 
5,794,435

 
590,287

 
(1,735,170
)
 
(3,673,707
)
 
(12,521,147
)
 
(609,842
)
 
2,491,048

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets beginning of period
 
22,277,215

 
14,412,981

 
31,173,597

 
32,781,305

 
—

 
12,499,623

 
32,123,973

 
97,522,634

 
29,404,752

 
40,308,967

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets end of period
 
$
21,514,549

 
$
15,940,459

 
$
34,217,641

 
$
38,575,740

 
$
590,287

 
$
10,764,453

 
$
28,450,266

 
$
85,001,487

 
$
28,794,910

 
$
42,800,015

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1 Contract unit transactions
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2014
 
1,635,697

 
448,339

 
2,322,411

 
1,257,855

 
—

 
1,467,921

 
4,120,006

 
8,199,052

 
2,724,106

 
3,448,182

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      Units Issued
 
315,851

 
117,932

 
764,188

 
524,495

 
57,924

 
440,766

 
1,521,322

 
1,083,603

 
692,606

 
1,326,799

      Units Redeemed
 
(327,986
)
 
(81,344
)
 
(407,381
)
 
(259,774
)
 
(4,071
)
 
(370,067
)
 
(1,754,552
)
 
(1,556,482
)
 
(523,123
)
 
(904,238
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2015
 
1,623,562

 
484,927

 
2,679,218

 
1,522,576

 
53,853

 
1,538,620

 
3,886,776

 
7,726,173

 
2,893,589

 
3,870,743

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Commencement of operations September 28, 2015.
 



See notes to financial statements.

54

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Changes in Net Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/Franklin Templeton Income Fund - A
 
JNL/Franklin Templeton International Small Cap Growth Fund - A
 
JNL/Franklin Templeton Mutual Shares Fund - A
 
JNL/Goldman Sachs Core Plus Bond Fund - A
 
JNL/Goldman Sachs Emerging Markets Debt Fund - A
 
JNL/Goldman Sachs Mid Cap Value Fund - A
 
JNL/Goldman Sachs U.S. Equity Flex Fund - A
 
JNL/Harris Oakmark Global Equity Fund - A (a)
 
JNL/Invesco Global Real Estate Fund - A
 
JNL/Invesco International Growth Fund - A
Operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net investment income (loss)
 
$
4,095,272

 
$
(171,994
)
 
$
842,944

 
$
276,268

 
$
(164,606
)
 
$
(610,400
)
 
$
(562,556
)
 
$
(3,153
)
 
$
993,817

 
$
202,074

   Net realized gain (loss) on investments
 
470,789

 
2,177,423

 
3,547,610

 
(401,724
)
 
(1,035,626
)
 
5,648,536

 
3,671,102

 
(759
)
 
5,329,815

 
690,527

   Net change in unrealized appreciation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      (depreciation) on investments
 
(18,288,864
)
 
(1,682,709
)
 
(7,183,695
)
 
(624,351
)
 
(422,412
)
 
(12,190,143
)
 
(4,337,251
)
 
(27,593
)
 
(8,531,652
)
 
(2,950,431
)
Net increase (decrease) in net assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   from operations
 
(13,722,803
)
 
322,720

 
(2,793,141
)
 
(749,807
)
 
(1,622,644
)
 
(7,152,007
)
 
(1,228,705
)
 
(31,505
)
 
(2,208,020
)
 
(2,057,830
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Contract transactions 1
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Purchase payments (Note 4)
 
21,325,649

 
5,271,828

 
4,202,094

 
7,280,512

 
431,004

 
8,697,594

 
7,682,919

 
655,952

 
14,031,518

 
9,573,960

   Surrenders and terminations
 
(10,392,374
)
 
(842,616
)
 
(2,566,900
)
 
(3,740,785
)
 
(889,225
)
 
(2,527,148
)
 
(1,257,213
)
 
(998
)
 
(2,799,880
)
 
(1,752,525
)
   Transfers between Investment Divisions
 
(7,008,114
)
 
2,750,888

 
(361,785
)
 
(999,338
)
 
(832,731
)
 
2,982,982

 
1,836,556

 
259,857

 
797,957

 
605,082

   Contract owner charges (Note 3)
 
(1,628,669
)
 
(305,898
)
 
(542,888
)
 
(608,078
)
 
(118,832
)
 
(751,008
)
 
(419,135
)
 
(2
)
 
(746,493
)
 
(485,788
)
Net increase (decrease) in net assets from
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   contract transactions
 
2,296,492

 
6,874,202

 
730,521

 
1,932,311

 
(1,409,784
)
 
8,402,420

 
7,843,127

 
914,809

 
11,283,102

 
7,940,729

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in net assets
 
(11,426,311
)
 
7,196,922

 
(2,062,620
)
 
1,182,504

 
(3,032,428
)
 
1,250,413

 
6,614,422

 
883,304

 
9,075,082

 
5,882,899

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets beginning of period
 
153,052,676

 
24,693,390

 
45,492,445

 
59,549,178

 
12,849,539

 
64,649,857

 
31,022,589

 
—

 
63,127,661

 
43,849,135

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets end of period
 
$
141,626,365

 
$
31,890,312

 
$
43,429,825

 
$
60,731,682

 
$
9,817,111

 
$
65,900,270

 
$
37,637,011

 
$
883,304

 
$
72,202,743

 
$
49,732,034

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1 Contract unit transactions
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2014
 
10,957,600

 
2,518,787

 
3,766,021

 
2,381,732

 
1,017,179

 
3,178,342

 
2,352,288

 
—

 
3,798,781

 
2,212,763

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      Units Issued
 
2,643,472

 
1,225,363

 
724,694

 
973,484

 
195,229

 
1,185,591

 
1,438,081

 
106,732

 
1,872,282

 
943,985

      Units Redeemed
 
(2,508,557
)
 
(568,396
)
 
(664,251
)
 
(898,973
)
 
(315,985
)
 
(756,227
)
 
(854,110
)
 
(6,372
)
 
(1,227,110
)
 
(582,796
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2015
 
11,092,515

 
3,175,754

 
3,826,464

 
2,456,243

 
896,423

 
3,607,706

 
2,936,259

 
100,360

 
4,443,953

 
2,573,952

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Commencement of operations April 27, 2015.
 



See notes to financial statements.

55

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Changes in Net Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/Invesco Large Cap Growth Fund - A
 
JNL/Invesco Mid Cap Value Fund - A
 
JNL/Invesco Small Cap Growth Fund - A
 
JNL/Ivy Asset Strategy Fund - A
 
JNL/JPMorgan MidCap Growth Fund - A
 
JNL/JPMorgan U.S. Government & Quality Bond Fund - A
 
JNL/Lazard Emerging Markets Fund - A
 
JNL/MC 10 x 10 Fund - A
 
JNL/MC Bond Index Fund - A
 
JNL/MC Dow Jones U.S. Contrarian Opportunities Index Fund - A (a)
Operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net investment income (loss)
 
$
(686,775
)
 
$
(324,451
)
 
$
(997,358
)
 
$
(974,073
)
 
$
(931,738
)
 
$
348,346

 
$
487,167

 
$
189,648

 
$
252,616

 
$
(34,555
)
   Net realized gain (loss) on investments
 
5,358,914

 
1,664,214

 
5,766,593

 
5,576,669

 
9,676,690

 
(114,552
)
 
(589,879
)
 
2,626,934

 
33,302

 
(830,653
)
   Net change in unrealized appreciation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      (depreciation) on investments
 
(3,218,166
)
 
(4,249,768
)
 
(8,100,735
)
 
(16,748,640
)
 
(9,162,907
)
 
(803,553
)
 
(6,374,630
)
 
(4,283,966
)
 
(1,087,851
)
 
399,848

Net increase (decrease) in net assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   from operations
 
1,453,973

 
(2,910,005
)
 
(3,331,500
)
 
(12,146,044
)
 
(417,955
)
 
(569,759
)
 
(6,477,342
)
 
(1,467,384
)
 
(801,933
)
 
(465,360
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Contract transactions 1
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Purchase payments (Note 4)
 
6,311,167

 
3,733,875

 
16,374,347

 
9,141,523

 
15,191,017

 
7,938,980

 
869,359

 
2,246,433

 
9,768,068

 
1,309,071

   Surrenders and terminations
 
(1,836,707
)
 
(1,181,886
)
 
(2,571,118
)
 
(4,939,542
)
 
(3,266,524
)
 
(3,677,591
)
 
(2,167,732
)
 
(2,662,332
)
 
(2,444,537
)
 
(63,344
)
   Transfers between Investment Divisions
 
3,013,046

 
(294,204
)
 
14,203,641

 
(17,861,520
)
 
12,024,425

 
6,582,437

 
634,931

 
(1,253,958
)
 
1,573,912

 
(5,292,365
)
   Contract owner charges (Note 3)
 
(462,469
)
 
(266,181
)
 
(679,657
)
 
(1,337,458
)
 
(579,701
)
 
(436,433
)
 
(322,885
)
 
(472,461
)
 
(402,823
)
 
(42,501
)
Net increase (decrease) in net assets from
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   contract transactions
 
7,025,037

 
1,991,604

 
27,327,213

 
(14,996,997
)
 
23,369,217

 
10,407,393

 
(986,327
)
 
(2,142,318
)
 
8,494,620

 
(4,089,139
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in net assets
 
8,479,010

 
(918,401
)
 
23,995,713

 
(27,143,041
)
 
22,951,262

 
9,837,634

 
(7,463,669
)
 
(3,609,702
)
 
7,692,687

 
(4,554,499
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets beginning of period
 
41,507,939

 
25,894,177

 
53,056,311

 
125,832,581

 
50,237,695

 
38,737,124

 
33,153,871

 
43,036,133

 
40,786,701

 
4,554,499

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets end of period
 
$
49,986,949

 
$
24,975,776

 
$
77,052,024

 
$
98,689,540

 
$
73,188,957

 
$
48,574,758

 
$
25,690,202

 
$
39,426,431

 
$
48,479,388

 
$
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1 Contract unit transactions
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2014
 
2,252,804

 
965,725

 
2,095,064

 
9,277,064

 
1,311,485

 
1,926,405

 
2,645,587

 
3,363,371

 
2,888,374

 
312,511

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      Units Issued
 
749,477

 
243,555

 
1,426,426

 
1,262,279

 
909,089

 
1,232,751

 
404,914

 
426,459

 
1,418,870

 
137,284

      Units Redeemed
 
(378,192
)
 
(171,704
)
 
(390,484
)
 
(2,411,477
)
 
(370,313
)
 
(734,767
)
 
(501,697
)
 
(590,428
)
 
(829,732
)
 
(449,795
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2015
 
2,624,089

 
1,037,576

 
3,131,006

 
8,127,866

 
1,850,261

 
2,424,389

 
2,548,804

 
3,199,402

 
3,477,512

 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) The period is from January 1, 2015 through September 28, 2015, the date the Fund was acquired. 

See notes to financial statements.

56

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Changes in Net Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/MC Emerging Markets Index Fund - A
 
JNL/MC European 30 Fund - A
 
JNL/MC Global Alpha Fund - A (a)
 
JNL/MC Index 5 Fund - A
 
JNL/MC International Index Fund - A
 
JNL/MC Pacific Rim 30 Fund - A
 
JNL/MC S&P 400 MidCap Index Fund - A
 
JNL/MC S&P 500 Index Fund - A
 
JNL/MC Small Cap Index Fund - A
 
JNL/MC Utilities Sector Fund - A
Operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net investment income (loss)
 
$
63,372

 
$
132,200

 
$
(12,706
)
 
$
166,295

 
$
594,514

 
$
122,274

 
$
(542,258
)
 
$
42,921

 
$
(708,965
)
 
$
8,466

   Net realized gain (loss) on investments
 
(805,744
)
 
204,376

 
(130,292
)
 
4,561,294

 
146,482

 
541,237

 
10,474,260

 
15,680,393

 
11,936,807

 
72,632

   Net change in unrealized appreciation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      (depreciation) on investments
 
(4,857,938
)
 
(2,301,161
)
 
400,438

 
(7,115,106
)
 
(3,441,548
)
 
(796,280
)
 
(14,686,799
)
 
(17,356,941
)
 
(16,701,569
)
 
(305,764
)
Net increase (decrease) in net assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   from operations
 
(5,600,310
)
 
(1,964,585
)
 
257,440

 
(2,387,517
)
 
(2,700,552
)
 
(132,769
)
 
(4,754,797
)
 
(1,633,627
)
 
(5,473,727
)
 
(224,666
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Contract transactions 1
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Purchase payments (Note 4)
 
7,221,805

 
10,060,486

 
57,188

 
7,616,576

 
15,359,984

 
3,176,400

 
23,269,809

 
58,104,175

 
17,804,744

 
1,095,542

   Surrenders and terminations
 
(626,203
)
 
(677,342
)
 
(14,545
)
 
(3,038,441
)
 
(3,723,656
)
 
(543,411
)
 
(4,227,741
)
 
(11,962,614
)
 
(4,123,705
)
 
(109,337
)
   Transfers between Investment Divisions
 
2,167,766

 
10,672,140

 
(3,323,662
)
 
610,202

 
3,508,792

 
5,823,379

 
7,751,167

 
5,146,587

 
6,155,443

 
(870,260
)
   Contract owner charges (Note 3)
 
(360,689
)
 
(260,062
)
 
(5,003
)
 
(806,174
)
 
(677,916
)
 
(147,575
)
 
(1,017,756
)
 
(2,955,255
)
 
(789,614
)
 
(899
)
Net increase (decrease) in net assets from
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   contract transactions
 
8,402,679

 
19,795,222

 
(3,286,022
)
 
4,382,163

 
14,467,204

 
8,308,793

 
25,775,479

 
48,332,893

 
19,046,868

 
115,046

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in net assets
 
2,802,369

 
17,830,637

 
(3,028,582
)
 
1,994,646

 
11,766,652

 
8,176,024

 
21,020,682

 
46,699,266

 
13,573,141

 
(109,620
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets beginning of period
 
27,609,808

 
13,852,122

 
3,028,582

 
69,790,560

 
61,638,103

 
8,810,940

 
91,314,622

 
259,697,442

 
74,714,387

 
3,140,604

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets end of period
 
$
30,412,177

 
$
31,682,759

 
$
—

 
$
71,785,206

 
$
73,404,755

 
$
16,986,964

 
$
112,335,304

 
$
306,396,708

 
$
88,287,528

 
$
3,030,984

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1 Contract unit transactions
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2014
 
2,947,475

 
963,095

 
314,858

 
5,342,150

 
3,631,130

 
562,137

 
3,482,334

 
14,603,665

 
3,286,182

 
263,832

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      Units Issued
 
1,773,434

 
1,927,445

 
18,227

 
1,157,514

 
1,997,846

 
848,789

 
1,833,941

 
6,329,703

 
1,528,426

 
176,680

      Units Redeemed
 
(831,750
)
 
(611,434
)
 
(333,085
)
 
(845,720
)
 
(1,206,802
)
 
(364,752
)
 
(862,625
)
 
(3,629,379
)
 
(702,170
)
 
(168,459
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2015
 
3,889,159

 
2,279,106

 
—

 
5,653,944

 
4,422,174

 
1,046,174

 
4,453,650

 
17,303,989

 
4,112,438

 
272,053

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) The period is from January 1, 2015 through April 27, 2015, the date the Fund was acquired. 
 




See notes to financial statements.

57

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Changes in Net Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/MMRS Conservative Fund - A
 
JNL/MMRS Growth Fund - A
 
JNL/MMRS Moderate Fund - A
 
JNL/Morgan Stanley Mid Cap Growth Fund - A
 
JNL/Neuberger Berman Strategic Income Fund - A
 
JNL/Oppenheimer Emerging Markets Innovator Fund - A (a)
 
JNL/Oppenheimer Global Growth Fund - A
 
JNL/PIMCO Real Return Fund - A
 
JNL/PIMCO Total Return Bond Fund - A
 
JNL/PPM America Floating Rate Income Fund - A
Operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net investment income (loss)
 
$
(156,308
)
 
$
(6,616
)
 
$
(63,637
)
 
$
(146,222
)
 
$
(69,029
)
 
$
(1,142
)
 
$
(461,638
)
 
$
1,751,307

 
$
3,193,711

 
$
1,881,330

   Net realized gain (loss) on investments
 
(121,083
)
 
(5,602
)
 
(127,931
)
 
498,643

 
602,325

 
(13,452
)
 
3,905,256

 
(2,751,704
)
 
3,742,892

 
(414,418
)
   Net change in unrealized appreciation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      (depreciation) on investments
 
(1,052,058
)
 
(62,785
)
 
(492,997
)
 
(1,085,957
)
 
(1,625,639
)
 
(9,254
)
 
(2,965,792
)
 
(2,707,121
)
 
(9,581,852
)
 
(3,680,783
)
Net increase (decrease) in net assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   from operations
 
(1,329,449
)
 
(75,003
)
 
(684,565
)
 
(733,536
)
 
(1,092,343
)
 
(23,848
)
 
477,826

 
(3,707,518
)
 
(2,645,249
)
 
(2,213,871
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Contract transactions 1
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Purchase payments (Note 4)
 
3,596,588

 
1,160,064

 
5,496,635

 
2,098,337

 
7,175,131

 
331,515

 
10,594,996

 
7,585,706

 
23,573,555

 
13,926,156

   Surrenders and terminations
 
(910,252
)
 
(10,916
)
 
(372,344
)
 
(203,371
)
 
(1,362,116
)
 
(208
)
 
(3,449,804
)
 
(4,411,986
)
 
(16,051,251
)
 
(6,788,009
)
   Transfers between Investment Divisions
 
16,005,122

 
(10,676
)
 
2,686,479

 
2,661,189

 
(1,893,241
)
 
35,810

 
20,168,793

 
(5,272,465
)
 
(11,983,620
)
 
(6,245,050
)
   Contract owner charges (Note 3)
 
(5,859
)
 
(45
)
 
(2,365
)
 
(110,466
)
 
(332,131
)
 
(25
)
 
(795,447
)
 
(880,189
)
 
(2,572,208
)
 
(621,792
)
Net increase (decrease) in net assets from
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   contract transactions
 
18,685,599

 
1,138,427

 
7,808,405

 
4,445,689

 
3,587,643

 
367,092

 
26,518,538

 
(2,978,934
)
 
(7,033,524
)
 
271,305

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in net assets
 
17,356,150

 
1,063,424

 
7,123,840

 
3,712,153

 
2,495,300

 
343,244

 
26,996,364

 
(6,686,452
)
 
(9,678,773
)
 
(1,942,566
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets beginning of period
 
1,847,860

 
167,558

 
680,353

 
7,083,749

 
30,886,409

 
—

 
56,344,989

 
82,536,875

 
234,444,480

 
78,107,012

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets end of period
 
$
19,204,010

 
$
1,230,982

 
$
7,804,193

 
$
10,795,902

 
$
33,381,709

 
$
343,244

 
$
83,341,353

 
$
75,850,423

 
$
224,765,707

 
$
76,164,446

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1 Contract unit transactions
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2014
 
177,553

 
16,167

 
65,500

 
561,572

 
2,913,725

 
—

 
3,057,323

 
6,085,762

 
12,021,745

 
7,273,814

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      Units Issued
 
2,096,498

 
138,935

 
1,155,395

 
513,500

 
1,564,381

 
57,384

 
2,029,831

 
1,162,851

 
2,189,238

 
3,026,868

      Units Redeemed
 
(366,850
)
 
(27,890
)
 
(424,835
)
 
(165,943
)
 
(1,240,904
)
 
(16,669
)
 
(671,826
)
 
(1,396,095
)
 
(2,596,515
)
 
(3,010,539
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2015
 
1,907,201

 
127,212

 
796,060

 
909,129

 
3,237,202

 
40,715

 
4,415,328

 
5,852,518

 
11,614,468

 
7,290,143

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Commencement of operations April 27, 2015.

See notes to financial statements.

58

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Changes in Net Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/PPM America High Yield Bond Fund - A
 
JNL/PPM America Mid Cap Value Fund - A
 
JNL/PPM America Small Cap Value Fund - A
 
JNL/PPM America Value Equity Fund - A
 
JNL/Red Rocks Listed Private Equity Fund - A
 
JNL/S&P 4 Fund - A
 
JNL/S&P Competitive Advantage Fund - A
 
JNL/S&P Dividend Income & Growth Fund - A
 
JNL/S&P International 5 Fund - A
 
JNL/S&P Intrinsic Value Fund - A
Operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net investment income (loss)
 
$
4,418,337

 
$
(130,212
)
 
$
(159,028
)
 
$
(141,528
)
 
$
1,193,967

 
$
14,243,265

 
$
(386,793
)
 
$
1,729,668

 
$
863

 
$
(288,683
)
   Net realized gain (loss) on investments
 
(3,269,785
)
 
2,792,208

 
1,654,231

 
495,216

 
1,512,871

 
22,444,432

 
7,375,418

 
14,272,834

 
(6,180
)
 
7,796,113

   Net change in unrealized appreciation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      (depreciation) on investments
 
(9,948,750
)
 
(4,520,066
)
 
(3,570,629
)
 
(1,292,095
)
 
(3,182,136
)
 
(61,301,159
)
 
(7,724,310
)
 
(17,627,664
)
 
(125,176
)
 
(18,541,796
)
Net increase (decrease) in net assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   from operations
 
(8,800,198
)
 
(1,858,070
)
 
(2,075,426
)
 
(938,407
)
 
(475,298
)
 
(24,613,462
)
 
(735,685
)
 
(1,625,162
)
 
(130,493
)
 
(11,034,366
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Contract transactions 1
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Purchase payments (Note 4)
 
15,231,802

 
3,097,132

 
4,254,437

 
1,192,667

 
3,186,572

 
94,130,828

 
11,046,361

 
19,314,204

 
1,060,996

 
15,645,685

   Surrenders and terminations
 
(6,152,249
)
 
(859,787
)
 
(453,750
)
 
(404,164
)
 
(951,618
)
 
(12,290,658
)
 
(2,156,523
)
 
(7,820,016
)
 
(8,950
)
 
(1,639,019
)
   Transfers between Investment Divisions
 
(17,159,508
)
 
972,919

 
13,454,102

 
(946,358
)
 
(1,029,966
)
 
41,879,469

 
12,760,775

 
(1,541,508
)
 
674,738

 
(2,406,715
)
   Contract owner charges (Note 3)
 
(953,107
)
 
(203,509
)
 
(246,950
)
 
(88,647
)
 
(172,862
)
 
(3,742,775
)
 
(588,920
)
 
(2,163,282
)
 
(74
)
 
(675,573
)
Net increase (decrease) in net assets from
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   contract transactions
 
(9,033,062
)
 
3,006,755

 
17,007,839

 
(246,502
)
 
1,032,126

 
119,976,864

 
21,061,693

 
7,789,398

 
1,726,710

 
10,924,378

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in net assets
 
(17,833,260
)
 
1,148,685

 
14,932,413

 
(1,184,909
)
 
556,828

 
95,363,402

 
20,326,008

 
6,164,236

 
1,596,217

 
(109,988
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets beginning of period
 
106,798,237

 
17,364,948

 
12,126,485

 
9,690,370

 
24,825,692

 
314,114,563

 
43,252,532

 
182,015,233

 
141,774

 
59,875,272

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets end of period
 
$
88,964,977

 
$
18,513,633

 
$
27,058,898

 
$
8,505,461

 
$
25,382,520

 
$
409,477,965

 
$
63,578,540

 
$
188,179,469

 
$
1,737,991

 
$
59,765,284

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1 Contract unit transactions
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2014
 
5,575,769

 
1,046,259

 
775,362

 
374,172

 
1,679,930

 
15,734,311

 
2,092,340

 
10,200,006

 
15,031

 
2,719,551

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      Units Issued
 
1,769,586

 
493,826

 
1,265,488

 
97,818

 
402,344

 
9,412,161

 
2,033,156

 
2,823,220

 
210,477

 
1,799,187

      Units Redeemed
 
(2,316,503
)
 
(310,276
)
 
(215,634
)
 
(108,940
)
 
(338,898
)
 
(3,236,363
)
 
(1,053,601
)
 
(2,406,644
)
 
(35,189
)
 
(1,330,014
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2015
 
5,028,852

 
1,229,809

 
1,825,216

 
363,050

 
1,743,376

 
21,910,109

 
3,071,895

 
10,616,582

 
190,319

 
3,188,724

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

See notes to financial statements.

59

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Changes in Net Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/S&P Managed Aggressive Growth Fund - A
 
JNL/S&P Managed Conservative Fund - A
 
JNL/S&P Managed Growth Fund - A
 
JNL/S&P Managed Moderate Fund - A
 
JNL/S&P Managed Moderate Growth Fund - A
 
JNL/S&P Mid 3 Fund - A
 
JNL/S&P Total Yield Fund - A
 
JNL/Scout Unconstrained Bond Fund - A
 
JNL/T. Rowe Price Established Growth Fund - A
 
JNL/T. Rowe Price Mid-Cap Growth Fund - A
Operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net investment income (loss)
 
$
(2,215,047
)
 
$
(2,270,725
)
 
$
(5,425,513
)
 
$
(4,473,414
)
 
$
(6,989,908
)
 
$
(94,398
)
 
$
(61,690
)
 
$
(27,989
)
 
$
(3,127,828
)
 
$
(2,873,733
)
   Net realized gain (loss) on investments
 
3,306,843

 
1,920,158

 
10,699,516

 
5,326,520

 
10,409,508

 
125,296

 
3,513,503

 
(10,603
)
 
23,739,022

 
23,169,903

   Net change in unrealized appreciation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      (depreciation) on investments
 
(3,724,607
)
 
(4,116,823
)
 
(11,449,843
)
 
(8,475,227
)
 
(13,755,967
)
 
(1,288,075
)
 
(6,758,450
)
 
(16,747
)
 
(4,867,297
)
 
(12,646,178
)
Net increase (decrease) in net assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   from operations
 
(2,632,811
)
 
(4,467,390
)
 
(6,175,840
)
 
(7,622,121
)
 
(10,336,367
)
 
(1,257,177
)
 
(3,306,637
)
 
(55,339
)
 
15,743,897

 
7,649,992

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Contract transactions 1
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Purchase payments (Note 4)
 
19,856,095

 
15,675,234

 
39,538,384

 
26,937,856

 
46,253,223

 
4,890,566

 
6,274,428

 
2,217,587

 
38,861,743

 
25,657,823

   Surrenders and terminations
 
(10,191,240
)
 
(12,726,558
)
 
(21,590,040
)
 
(21,279,986
)
 
(27,500,060
)
 
(133,251
)
 
(1,467,425
)
 
(174,403
)
 
(9,230,233
)
 
(9,047,556
)
   Transfers between Investment Divisions
 
(5,828,532
)
 
(765,996
)
 
(7,672,149
)
 
(5,403,874
)
 
(14,097,351
)
 
4,225,938

 
(3,825,893
)
 
(20,790
)
 
47,994,655

 
14,871,615

   Contract owner charges (Note 3)
 
(1,506,483
)
 
(1,644,590
)
 
(3,946,414
)
 
(3,401,150
)
 
(5,177,194
)
 
(71,937
)
 
(366,398
)
 
(1,111
)
 
(2,060,620
)
 
(2,013,929
)
Net increase (decrease) in net assets from
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   contract transactions
 
2,329,840

 
538,090

 
6,329,781

 
(3,147,154
)
 
(521,382
)
 
8,911,316

 
614,712

 
2,021,283

 
75,565,545

 
29,467,953

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in net assets
 
(302,971
)
 
(3,929,300
)
 
153,941

 
(10,769,275
)
 
(10,857,749
)
 
7,654,139

 
(2,691,925
)
 
1,965,944

 
91,309,442

 
37,117,945

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets beginning of period
 
135,814,856

 
146,025,915

 
339,783,231

 
291,635,804

 
454,436,123

 
3,467,959

 
33,313,339

 
1,766,871

 
168,167,007

 
162,597,725

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets end of period
 
$
135,511,885

 
$
142,096,615

 
$
339,937,172

 
$
280,866,529

 
$
443,578,374

 
$
11,122,098

 
$
30,621,414

 
$
3,732,815

 
$
259,476,449

 
$
199,715,670

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1 Contract unit transactions
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2014
 
6,773,967

 
10,832,646

 
16,780,767

 
19,457,276

 
23,808,145

 
306,657

 
1,800,204

 
184,982

 
3,515,558

 
2,134,282

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      Units Issued
 
1,629,696

 
2,464,562

 
3,280,645

 
3,035,750

 
3,794,374

 
1,086,213

 
877,330

 
315,517

 
2,094,816

 
784,678

      Units Redeemed
 
(1,521,790
)
 
(2,421,779
)
 
(2,982,343
)
 
(3,262,784
)
 
(3,865,059
)
 
(276,043
)
 
(861,973
)
 
(103,627
)
 
(703,666
)
 
(434,163
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2015
 
6,881,873

 
10,875,429

 
17,079,069

 
19,230,242

 
23,737,460

 
1,116,827

 
1,815,561

 
396,872

 
4,906,708

 
2,484,797


See notes to financial statements.

60

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Changes in Net Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/T. Rowe Price Short-Term Bond Fund - A
 
JNL/T. Rowe Price Value Fund - A
 
JNL/Westchester Capital Event Driven Fund - A (a)
 
JNL/WMC Balanced Fund - A
 
JNL/WMC Money Market Fund - A
 
JNL/WMC Value Fund - A
 
JNL/MC 25 Fund - A (b)
 
JNL/MC Communications Sector Fund - A
 
JNL/MC Consumer Brands Sector Fund - A
 
JNL/MC Financial Sector Fund - A
Operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net investment income (loss)
 
$
(231,616
)
 
$
(744,690
)
 
$
(142
)
 
$
(700,396
)
 
$
(968,419
)
 
$
(32,554
)
 
$
690,437

 
$
244,282

 
$
(394,484
)
 
$
(141,142
)
   Net realized gain (loss) on investments
 
(144,580
)
 
11,218,694

 
(38
)
 
15,485,679

 
286

 
6,068,585

 
(1,083,764
)
 
593,095

 
5,101,543

 
4,150,299

   Net change in unrealized appreciation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      (depreciation) on investments
 
(287,038
)
 
(13,910,085
)
 
(1,101
)
 
(20,672,311
)
 
—

 
(8,135,839
)
 
(2,554,284
)
 
(699,412
)
 
(3,774,342
)
 
(5,450,290
)
Net increase (decrease) in net assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   from operations
 
(663,234
)
 
(3,436,081
)
 
(1,281
)
 
(5,887,028
)
 
(968,133
)
 
(2,099,808
)
 
(2,947,611
)
 
137,965

 
932,717

 
(1,441,133
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Contract transactions 1
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Purchase payments (Note 4)
 
14,635,074

 
16,706,518

 
36,912

 
50,511,134

 
71,030,701

 
4,285,933

 
2,241,803

 
376,421

 
11,958,999

 
10,841,853

   Surrenders and terminations
 
(3,479,171
)
 
(5,009,726
)
 
—

 
(12,380,704
)
 
(8,303,002
)
 
(2,000,515
)
 
(2,139,712
)
 
(436,065
)
 
(1,540,103
)
 
(2,103,857
)
   Transfers between Investment Divisions
 
824,794

 
(2,274,554
)
 
(2,133
)
 
(15,057,547
)
 
(58,092,261
)
 
501,616

 
(38,186,479
)
 
(1,006,141
)
 
18,992,390

 
5,500,855

   Contract owner charges (Note 3)
 
(496,721
)
 
(939,681
)
 
—

 
(2,435,702
)
 
(543,505
)
 
(462,516
)
 
(300,920
)
 
(124,957
)
 
(409,428
)
 
(508,397
)
Net increase (decrease) in net assets from
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   contract transactions
 
11,483,976

 
8,482,557

 
34,779

 
20,637,181

 
4,091,933

 
2,324,518

 
(38,385,308
)
 
(1,190,742
)
 
29,001,858

 
13,730,454

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in net assets
 
10,820,742

 
5,046,476

 
33,498

 
14,750,153

 
3,123,800

 
224,710

 
(41,332,919
)
 
(1,052,777
)
 
29,934,575

 
12,289,321

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets beginning of period
 
47,459,434

 
98,722,040

 
—

 
214,172,741

 
67,667,243

 
44,081,327

 
41,332,919

 
12,292,820

 
30,112,362

 
39,790,243

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets end of period
 
$
58,280,176

 
$
103,768,516

 
$
33,498

 
$
228,922,894

 
$
70,791,043

 
$
44,306,037

 
$
—

 
$
11,240,043

 
$
60,046,937

 
$
52,079,564

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1 Contract unit transactions
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2014
 
4,599,060

 
4,005,270

 
—

 
5,422,463

 
5,497,382

 
1,429,471

 
1,765,602

 
1,608,044

 
1,375,093

 
3,360,811

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      Units Issued
 
2,726,650

 
1,192,792

 
3,805

 
2,143,354

 
9,993,009

 
330,062

 
239,327

 
138,216

 
1,702,742

 
2,394,745

      Units Redeemed
 
(1,625,342
)
 
(844,139
)
 
(250
)
 
(1,661,868
)
 
(9,602,129
)
 
(254,303
)
 
(2,004,929
)
 
(299,663
)
 
(455,938
)
 
(1,253,685
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2015
 
5,700,368

 
4,353,923

 
3,555

 
5,903,949

 
5,888,262

 
1,505,230

 
—

 
1,446,597

 
2,621,897

 
4,501,871

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Commencement of operations April 27, 2015.
(b) The period is from January 1, 2015 through September 28, 2015, the date the Fund was acquired. 

See notes to financial statements.

61

JNLNY Separate Account I
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statements of Changes in Net Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/MC Healthcare Sector Fund - A
 
JNL/MC JNL 5 Fund - A
 
JNL/MC JNL Optimized 5 Fund - A (b)
 
JNL/MC Nasdaq 25 Fund - A
 
JNL/MC Oil & Gas Sector Fund - A
 
JNL/MC S&P 24 Fund - A
 
JNL/MC S&P SMid 60 Fund - A
 
JNL/MC Technology Sector Fund - A
 
JNL/MC Value Line 30 Fund - A (b)
 
JNL/PPM America Total Return Fund - A (a) (c)
Operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net investment income (loss)
 
$
(1,990,864
)
 
$
2,648,698

 
$
(175,100
)
 
$
(463,468
)
 
$
80,594

 
$
18,566

 
$
197,568

 
$
(858,200
)
 
$
(147,257
)
 
$
81,106

   Net realized gain (loss) on investments
 
15,478,236

 
10,297,765

 
8,746,432

 
7,900,167

 
(678,457
)
 
10,198,929

 
5,859,967

 
10,598,779

 
2,854,716

 
(57,470
)
   Net change in unrealized appreciation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      (depreciation) on investments
 
(9,616,941
)
 
(25,734,763
)
 
(7,327,861
)
 
(7,320,852
)
 
(21,264,453
)
 
(13,570,570
)
 
(7,309,524
)
 
(7,478,686
)
 
(2,804,046
)
 
(95,626
)
Net increase (decrease) in net assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   from operations
 
3,870,431

 
(12,788,300
)
 
1,243,471

 
115,847

 
(21,862,316
)
 
(3,353,075
)
 
(1,251,989
)
 
2,261,893

 
(96,587
)
 
(71,990
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Contract transactions 1
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Purchase payments (Note 4)
 
50,315,637

 
8,354,495

 
569,376

 
12,588,847

 
15,526,451

 
1,504,365

 
2,511,243

 
21,582,598

 
613,531

 
2,320,546

   Surrenders and terminations
 
(7,404,136
)
 
(22,824,741
)
 
(993,702
)
 
(2,440,817
)
 
(2,970,192
)
 
(1,468,861
)
 
(936,277
)
 
(3,719,615
)
 
(886,042
)
 
(21,025
)
   Transfers between Investment Divisions
 
33,375,485

 
18,116,147

 
(36,089,027
)
 
(4,049,125
)
 
12,245,918

 
27,940,204

 
(3,116,605
)
 
13,592,020

 
(35,250,040
)
 
2,508,745

   Contract owner charges (Note 3)
 
(1,896,668
)
 
(2,106,422
)
 
(114,829
)
 
(465,328
)
 
(906,776
)
 
(226,970
)
 
(193,235
)
 
(951,977
)
 
(84,105
)
 
(19,040
)
Net increase (decrease) in net assets from
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   contract transactions
 
74,390,318

 
1,539,479

 
(36,628,182
)
 
5,633,577

 
23,895,401

 
27,748,738

 
(1,734,874
)
 
30,503,026

 
(35,606,656
)
 
4,789,226

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in net assets
 
78,260,749

 
(11,248,821
)
 
(35,384,711
)
 
5,749,424

 
2,033,085

 
24,395,663

 
(2,986,863
)
 
32,764,919

 
(35,703,243
)
 
4,717,236

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets beginning of period
 
132,507,389

 
250,440,895

 
35,384,711

 
44,616,272

 
71,624,130

 
5,162,750

 
18,732,411

 
72,883,315

 
35,703,243

 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net assets end of period
 
$
210,768,138

 
$
239,192,074

 
$
—

 
$
50,365,696

 
$
73,657,215

 
$
29,558,413

 
$
15,745,548

 
$
105,648,234

 
$
—

 
$
4,717,236

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1 Contract unit transactions
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2014
 
5,236,221

 
14,279,030

 
2,688,507

 
2,079,983

 
2,011,900

 
330,574

 
1,167,734

 
6,680,648

 
2,479,494

 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      Units Issued
 
4,634,330

 
3,353,907

 
343,150

 
1,231,751

 
1,322,493

 
2,222,868

 
283,408

 
5,101,205

 
96,202

 
439,529

      Units Redeemed
 
(1,977,587
)
 
(3,360,796
)
 
(3,031,657
)
 
(978,862
)
 
(608,033
)
 
(455,085
)
 
(408,927
)
 
(2,399,799
)
 
(2,575,696
)
 
(133,457
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Units Outstanding at December 31, 2015
 
7,892,964

 
14,272,141

 
—

 
2,332,872

 
2,726,360

 
2,098,357

 
1,042,215

 
9,382,054

 
—

 
306,072

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) The Fund was made available to the separate account effective April 27, 2015.
(b) The period is from January 1, 2015 through April 27, 2015, the date the Fund was acquired. 
(c) On April 25, 2016, JNL/PPM America Total Return Fund was created in JNL Series Trust to facilitate an acquisition of a fund with the same name which was a series in JNL Investors Series Trust. Although the fund in
    JNL Investors Series Trust was legally dissolved, it is considered the acquiring fund for financial reporting purposes, and as a result, the Statement of Changes for the year ended December 31, 2015 reflects
    activity of the acquiring fund formerly in JNL Investors Series Trust.



See notes to financial statements.

62
JNLNY Separate Account I
Notes to Financial Statements
December 31, 2016



Note 1 - Organization

Jackson National Life Insurance Company of New York (“Jackson”) established JNLNY Separate Account I (the “Separate Account”) on September 12, 1997. The Separate Account commenced operations on November 27, 1998, and is a unit investment trust registered with the Securities Exchange Commission (the “SEC”) under the Investment Company Act of 1940, as amended.
    
The Separate Account is a separate investment account of Jackson, its assets legally belong to Jackson and the obligations under the contracts are the obligation of Jackson. However, the contract assets in the Separate Account are not chargeable with liabilities arising out of any other business Jackson may conduct.

The Separate Account receives and invests, based on the directions of the contract owners, net premiums for individual flexible premium variable annuity contracts issued by Jackson. The contracts can be purchased on a non-tax qualified basis or in connection with certain plans qualifying for favorable federal income tax treatment. The Separate Account contained one-hundred forty-seven (147) Investment Divisions during 2016, but currently contains one-hundred forty-three (143) Investment Divisions as of December 31, 2016. These Investment Divisions each invested in shares of the following mutual funds (collectively, the “Funds”) during the year ended December 31, 2016:

Jackson Variable Series Trust
JG - Alt 100 Fund(1)(3)
JG - Conservative Fund(1)(3)
JG - Equity 100 Fund(1)(3)
JG - Fixed Income 100 Fund(1)(3)
JG - Growth Fund(1)(3)
JG - Interest Rate Opportunities Fund(1)(3)
JG - Maximum Growth Fund(1)(3)
JG - Moderate Fund(1)(3)
JG - Moderate Growth Fund(1)(3)
JG - Real Assets Fund(1)(3)
JNL Tactical ETF Conservative Fund
JNL Tactical ETF Growth Fund
JNL Tactical ETF Moderate Fund
JNL/American Funds® Global Growth Fund
JNL/American Funds® Growth Fund
JNL/AQR Risk Parity Fund
JNL/BlackRock Global Long Short Credit Fund
JNL/DFA U.S. Micro Cap Fund
JNL/DoubleLine Total Return Fund
JNL/Eaton Vance Global Macro Absolute Return Advantage Fund
JNL/Epoch Global Shareholder Yield Fund
JNL/FAMCO Flex Core Covered Call Fund
JNL/Lazard International Strategic Equity Fund
JNL/MC Frontier Markets 100 Index Fund(4)(7)
JNL/Neuberger Berman Currency Fund
JNL/Neuberger Berman Risk Balanced Commodity Strategy Fund
JNL/Nicholas Convertible Arbitrage Fund
JNL/PIMCO Credit Income Fund
JNL/PPM America Long Short Credit Fund(2)
JNL/T. Rowe Price Capital Appreciation Fund
JNL/The Boston Company Equity Income Fund
JNL/The London Company Focused U.S. Equity Fund
JNL/Van Eck International Gold Fund
JNL/WCM Focused International Equity Fund
 
 
 
JNL® Series Trust
JNL Alt 65 Fund - A(1)(8)
JNL Disciplined Growth Fund - A(1)(8)
JNL Disciplined Moderate Fund - A(1)(8)
JNL Disciplined Moderate Growth Fund - A(1)(8)
JNL Institutional Alt 20 Fund - A(1)(8)
JNL Institutional Alt 35 Fund - A(1)(8)
JNL Institutional Alt 50 Fund - A(1)(8)
JNL Multi-Manager Alternative Fund - A(8)
JNL Multi-Manager Mid Cap Fund - A(8)
JNL Multi-Manager Small Cap Growth Fund - A(8)
JNL Multi-Manager Small Cap Value Fund - A(8)
JNL/AB Dynamic Asset Allocation Fund - A(8)
JNL/American Funds® Balanced Allocation Fund - A(1)(8)
JNL/American Funds Blue Chip Income and Growth Fund - A(8)
JNL/American Funds Global Bond Fund - A(8)
JNL/American Funds Global Small Capitalization Fund - A(8)
JNL/American Funds Growth-Income Fund - A(8)
JNL/American Funds Growth Allocation Fund - A(1)(8)
JNL/American Funds International Fund - A(8)
JNL/American Funds New World Fund - A(8)
JNL/AQR Managed Futures Strategy Fund - A(8)
JNL/BlackRock Global Allocation Fund - A(8)
JNL/BlackRock Large Cap Select Growth Fund - A(8)
JNL/BlackRock Natural Resources Fund - A(8)
JNL/Boston Partners Global Long Short Equity Fund - A(8)
JNL/Brookfield Global Infrastructure and MLP Fund - A(8)
JNL/Capital Guardian Global Balanced Fund - A(8)
JNL/Capital Guardian Global Diversified Research
Fund - A(7)(8)
 

63
JNLNY Separate Account I
Notes to Financial Statements (continued)
December 31, 2016


Note 1 - Organization (continued)
JNL® Series Trust
JNL/Causeway International Value Select Fund - A(8)
JNL/Crescent High Income Fund - A(8)
JNL/DFA U.S. Core Equity Fund - A(8)
JNL/DoubleLine Emerging Markets Fixed Income Fund - A(8)
JNL/DoubleLine Shiller Enhanced CAPE Fund - A(8)
JNL/Eastspring Investments Asia ex-Japan Fund - A(2)(7)(8)
JNL/FPA + DoubleLine Flexible Allocation Fund - A(6)(8)
JNL/Franklin Templeton Founding Strategy Fund - A(1)(8)
JNL/Franklin Templeton Global Growth Fund - A(8)
JNL/Franklin Templeton Global Multisector Bond Fund - A(8)
JNL/Franklin Templeton Income Fund - A(8)
JNL/Franklin Templeton International Small Cap Growth Fund - A(8)
JNL/Franklin Templeton Mutual Shares Fund - A(8)
JNL/Goldman Sachs Core Plus Bond Fund - A(8)
JNL/Goldman Sachs Emerging Markets Debt Fund - A(8)
JNL/Goldman Sachs Mid Cap Value Fund - A(8)
JNL/Goldman Sachs U.S. Equity Flex Fund - A(8)
JNL/Harris Oakmark Global Equity Fund - A(8)
JNL/Invesco China-India Fund - A(2)(6)(8)
JNL/Invesco Global Real Estate Fund - A(8)
JNL/Invesco International Growth Fund - A(8)
JNL/Invesco Large Cap Growth Fund - A(7)(8)
JNL/Invesco Mid Cap Value Fund - A(8)
JNL/Invesco Small Cap Growth Fund - A(8)
JNL/JPMorgan MidCap Growth Fund - A(8)
JNL/JPMorgan U.S. Government & Quality Bond Fund - A(8)
JNL/Lazard Emerging Markets Fund - A(8)
JNL/MC 10 x 10 Fund - A(1)(4)(8)
JNL/MC Bond Index Fund - A(4)(8)
JNL/MC Emerging Markets Index Fund - A(4)(8)
JNL/MC European 30 Fund - A(4)(8)
JNL/MC Index 5 Fund - A(1)(4)(8)
JNL/MC International Index Fund - A(4)(8)
JNL/MC Pacific Rim 30 Fund - A(4)(8)
JNL/MC S&P 400 MidCap Index Fund - A(4)(8)
JNL/MC S&P 500 Index Fund - A(4)(8)
JNL/MC Small Cap Index Fund - A(4)(8)
JNL/MC Utilities Sector Fund - A(4)(8)
JNL/MMRS Conservative Fund - A(8)
JNL/MMRS Growth Fund - A(8)
JNL/MMRS Moderate Fund - A(8)
JNL/Morgan Stanley Mid Cap Growth Fund - A(8)
JNL/Neuberger Berman Strategic Income Fund - A(8)
JNL/Oppenheimer Emerging Markets Innovator Fund - A(8)
JNL/Oppenheimer Global Growth Fund - A(8)
JNL/PIMCO Real Return Fund - A(8)
JNL/PIMCO Total Return Bond Fund - A(8)
JNL/PPM America Floating Rate Income Fund - A(2)(8)
JNL/PPM America High Yield Bond Fund - A(2)(8)
JNL/PPM America Mid Cap Value Fund - A(2)(8)
JNL/PPM America Small Cap Value Fund - A(2)(8)
JNL/PPM America Total Return Fund - A(2)(8)
JNL/PPM America Value Equity Fund - A(2)(8)
JNL/Red Rocks Listed Private Equity Fund - A(8)
JNL/S&P 4 Fund - A(1)(8)
JNL/S&P Competitive Advantage Fund - A(8)
JNL/S&P Dividend Income & Growth Fund - A(8)
JNL/S&P International 5 Fund - A(8)
JNL/S&P Intrinsic Value Fund - A(8)
JNL/S&P Managed Aggressive Growth Fund - A(8)
JNL/S&P Managed Conservative Fund - A(8)
JNL/S&P Managed Growth Fund - A(8)
JNL/S&P Managed Moderate Fund - A(8)
JNL/S&P Managed Moderate Growth Fund - A(8)
JNL/S&P Mid 3 Fund - A(8)
JNL/S&P Total Yield Fund - A(8)
JNL/Scout Unconstrained Bond Fund - A(8)
JNL/T. Rowe Price Established Growth Fund - A(8)
JNL/T. Rowe Price Mid-Cap Growth Fund - A(8)
JNL/T. Rowe Price Short-Term Bond Fund - A(8)
JNL/T. Rowe Price Value Fund - A(8)
JNL/Westchester Capital Event Driven Fund - A(8)
JNL/WMC Balanced Fund - A(8)
JNL/WMC Money Market Fund - A(8)
JNL/WMC Value Fund - A(8)

JNL Variable Fund LLC
JNL/MC Communications Sector Fund - A(4)(8)(9)
JNL/MC Consumer Brands Sector Fund - A(4)(8)
JNL/MC Financial Sector Fund - A(4)(8)
JNL/MC Healthcare Sector Fund - A(4)(8)
JNL/MC JNL 5 Fund - A(4)(8)
JNL/MC Nasdaq® 100 Fund - A(4)(5)(8)
JNL/MC Oil & Gas Sector Fund - A(4)(8)
JNL/MC S&P® 24 Fund - A(4)(8)
JNL/MC S&P® SMid 60 Fund - A(4)(8)
JNL/MC Technology Sector Fund - A(4)(8)







64
JNLNY Separate Account I
Notes to Financial Statements (continued)
December 31, 2016


Note 1 - Organization (continued)

Jackson National Asset Management, LLC (“JNAM”) serves as investment adviser for the Funds comprising the Jackson Variable Series Trust, JNL Series Trust, JNL Variable Fund LLC and JNL Investors Series Trust. JNAM is a wholly-owned subsidiary of Jackson and received fees for its services from each Fund.

During the year ended December 31, 2016, the following Funds changed names:

PRIOR FUND NAME
CURRENT FUND NAME
EFFECTIVE DATE
JNL/Eastspring Investments China-India Fund
JNL/Invesco China-India Fund
April 25, 2016
JNL/Ivy Asset Strategy Fund
JNL/FPA + DoubleLine Flexible Allocation Fund
April 25, 2016
JNL/MC Nasdaq® 25 Fund
JNL/MC Nasdaq® 100 Fund
April 25, 2016

During the year ended December 31, 2016, the following Fund acquisitions were completed:

ACQUIRED FUND
ACQUIRING FUND
DATE OF ACQUISITION
JNL/MC Frontier Markets 100 Index Fund
JNL/MC Emerging Markets Index Fund
April 25, 2016
JNL/Capital Guardian Global Diversified Research Fund
JNL/Oppenheimer Global Growth Fund
April 25, 2016
JNL/Eastspring Investments Asia ex-Japan Fund
JNL/Invesco China-India Fund
April 25, 2016
JNL/Invesco Large Cap Growth Fund
JNL/BlackRock Large Cap Select Growth Fund
April 25, 2016
JNL/PPM America Total Return Fund(10)
JNL/PPM America Total Return Fund(10)
April 25, 2016

(1) The Fund is a Fund of Fund advised by JNAM, an affiliate of Jackson and has no sub-adviser.
(2) The Fund is or was sub-advised by an affiliate of Jackson during the year.
(3) “JG” denotes the Fund of Fund group JNAM Guidance throughout these financial statements.
(4) “MC” denotes the sub-adviser Mellon Capital throughout these financial statements.
(5) The Fund’s name was changed during the year ended December 31, 2016 to align the Fund name with its investment strategy.
(6) The Fund’s name was changed during the year ended December 31, 2016 due to a change in adviser or sub-adviser(s).
(7) This Fund was acquired during the year and is no longer available as of December 31, 2016.
(8) “A” denotes Class A shares of the respective Fund throughout these financial statements.
(9) JNL/MC Communications Sector Fund is closed to new contract owners.  
(10) The purpose of the acquisition was to facilitate an acquisition of a Fund with the same name and investment objective in JNL Investors Series Trust into a Fund in JNL Series Trust. Although the Fund in JNL Investors Series Trust was legally dissolved, it is considered the acquiring Fund for financial reporting purposes. The acquired Fund had no activity prior to inception on April 25, 2016 nor did it hold any investments on April 25, 2016, and as a result, there were no results of operations, net assets, cost basis or market value carried forward from the acquired Fund to the acquiring Fund.




65
JNLNY Separate Account I
Notes to Financial Statements (continued)
December 31, 2016


Note 2 - Significant Accounting Policies

The following is a summary of significant accounting policies followed by the Separate Account in the preparation of its financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”).

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increase and decrease in net assets from operations during the reporting period. Actual results could differ from those estimates.

Investments

The Separate Account’s ‘Investment Divisions’ investments in the corresponding Funds are stated at the closing net asset value (“NAV”) of the respective Fund, which represent fair value. The average cost method is used in determining the cost of the shares sold on withdrawals by the Investment Divisions of the Separate Account. Investments in the Funds are recorded on trade date for financial reporting purposes. Realized gain distributions and dividend income distributions received from the Funds are reinvested in additional shares of the Funds and are recorded as gain or income to the Investment Divisions of the Separate Account on the ex-dividend date.

Federal Income Taxes

The operations of the Separate Account are taxed as part of the operations of Jackson, which is taxed as a “life insurance company” under the provisions of the Internal Revenue Code. Under current law, no federal income taxes are payable with respect to the Separate Account. Therefore, no federal income tax provision is required.

Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 740 “Income Taxes” provides guidance for how uncertain tax positions should be recognized, measured, presented and disclosed in the financial statements. FASB ASC Topic 740 establishes for all entities, a minimum threshold for financial statement recognition of the benefit of positions taken in filing tax returns (including whether an entity is taxable in a particular jurisdiction), and requires certain expanded tax disclosures. FASB ASC Topic 740 requires the evaluation of tax positions taken or expected to be taken in the course of preparing the Separate Account’s tax return to determine whether the tax positions are “more-likely-than-not” of being sustained by the applicable tax authority. Tax positions not deemed to meet the “more-likely-than-not” threshold would be recorded as a tax expense in the current year. The Interpretation requires that management evaluate the tax positions taken in the returns which remain subject to examination by the Internal Revenue Service and other tax jurisdictions. JNAM completed an evaluation of the Separate Account’s tax positions and based on that evaluation, determined that no provision for federal income tax is required in the Separate Account’s financial statements during the year ended December 31, 2016.

FASB ASC Topic 820, “Fair Value Measurement”

As of December 31, 2016, all of the Separate Account’s Investment Divisions’ investment in each of the corresponding Funds are valued as a practical expedient at their daily reported net asset value (“NAV”) and as such are not included in the fair value hierarchy required under FASB ASC Topic 820, “Fair Value Measurement”.  On each valuation date, the NAV of each corresponding Fund is generally determined once each day on which the New York Stock Exchange (“NYSE”) is open, at the close of the regular trading session of the NYSE (generally, 4:00 PM Easter Time).  The characterization of the underlying securities held by the Funds in accordance with FASB ASC Topic 820 differs from the characterization of the Separate Account’s Investment Divisions’ investment in the corresponding Funds. Although there can be no assurance, in general, the fair value of the investment valued as a practical expedient is the amount the owner of such investment might reasonably expect to receive in an orderly transaction between market participants upon its current sale.


66
JNLNY Separate Account I
Notes to Financial Statements (continued)
December 31, 2016


Note 3 - Contract Charges

Under the term of the contracts, certain charges are allocated to the contract owner to compensate Jackson for providing the insurance benefits set forth in the contracts, administering the contracts, distributing the contracts, and assuming certain risks in connection with the contracts. These charges result in a reduction in contract unit value or redemptions of contract units in the number of contract units outstanding.

Contract Owner Charges

The following charges are assessed to the contract owner by redemption of contract units outstanding:

Contract Maintenance Charge

An annual contract maintenance charge of $30 - $35 is charged against each contract to reimburse Jackson for expenses incurred in establishing and maintaining records relating to the contract. The contract maintenance charge is assessed on each anniversary of the contract date that occurs prior to the annuity date or in conjunction with a total withdrawal, as applicable. This charge is only imposed if the contract value is less than $50,000 on the date when the charge is assessed. The charge is deducted by redemption of contract units.

Transfer Charge

A transfer charge of $25 will apply to transfers made by contract owners between the Investment Divisions in excess of 15 transfers in a contract year. Contract year is defined as the succeeding twelve months from the contract issue date. Jackson may waive the transfer charge in connection with pre-authorized automatic transfer programs, or in those states where a lesser charge is required. This charge will be deducted from the amount transferred prior to the allocation to a different Investment Division.

Surrender or Contingent Deferred Sales Charge

During the first seven contract years, certain contracts include a provision for a charge upon the surrender or partial surrender of the contract. The amount assessed under the contract terms, if any, depends upon the cost associated with distributing the particular contracts. The amount, if any, is determined based on a number of factors, including the amount withdrawn, the contract year of surrender, or the number and amount of withdrawals in a calendar year. The surrender charges are assessed by Jackson and withheld from the proceeds of the withdrawals.

Optional Benefit Charges

Guaranteed Minimum Income Benefit Charge. If this benefit has been selected, Jackson will assess an annual charge of 0.30% to 0.90%, depending on the contract, of the Guaranteed Minimum Income Benefit (“GMIB”) base. The charge will be deducted each calendar quarter from the contract value by redemption of contract units.

Guaranteed Minimum Withdrawal Benefit Charge. If this benefit has been selected, Jackson will assess an annual charge of 0.51% to 3.00%, depending on the contract of the Guaranteed Withdrawal Balance (“GWB”). The charge will be deducted each calendar quarter from the contract value by redemption of contract units.

Guaranteed Minimum Death Benefit Charge. If any of the optional death benefits are selected that are available under the contract, Jackson will assess an annual charge of 0.42% to 0.72%, depending on the contract, of the Death Benefit base. The charge will be deducted each contract quarter from the contract value by redemption of contract units.





67
JNLNY Separate Account I
Notes to Financial Statements (continued)
December 31, 2016


Note 3 - Contract Charges (continued)

Asset-based Charges

The following charges are assessed to the contract owner by a reduction in contract unit value:

Insurance Charges

Jackson deducts a daily charge for administrative expenses from the net assets of the Separate Account equivalent to an annual rate of 0.05% to 0.15%. In designated products, this expense is waived for contracts valued greater than $1 million, refer to the product prospectus for eligibility. The administration charge is designed to reimburse Jackson for expenses incurred in administering the Separate Account and its contracts and reduces the contract unit value.

Jackson deducts a daily base contract charge from the net assets of the Separate Account equivalent to an annual rate of 0.15% to 1.65% for the assumption of mortality and expense risks. The mortality risk assumed by Jackson is that the insured may receive benefits greater than those anticipated by Jackson. The expense risk assumed by Jackson is that the actual costs of administering the contracts of the Separate Account may exceed the amount received from the Administration Charge and the Contract Maintenance Charge.

Optional Benefit Charges

Contract Enhancement Charge. If one of the contract enhancement benefits is selected, then for a period of three to seven contract years, Jackson will make an additional deduction based upon the average daily net assets of the contract owner’s allocations to the Investment Divisions. The amounts of these charges depend upon the contract enhancements selected and range from 0.395% to 0.65%.

Withdrawal Charge Period. If the optional three, four, or five-year withdrawal charge period feature is selected, Jackson will deduct 0.45%, 0.40%, or 0.30%, respectively, on an annual basis of the average daily net assets of the contract owner’s allocations to the Investment Divisions.

20% Additional Free Withdrawal Charge. If a contract owner selects the optional feature that permits you to withdraw up to 20% of premiums that are still subject to a withdrawal charge minus earnings during a contract year without withdrawal charge, Jackson will deduct 0.30% on an annual basis of the average daily net assets of the contract owner’s allocations to the Investment Divisions.

Optional Death Benefit Charges. If any of the optional death benefits are selected that are available under the contract, Jackson will make an additional deduction of 0.15% to 0.55% on an annual basis of the average daily net assets of the contract owner’s allocations to the Investment Divisions, based on the optional death benefit selected.

Premium Taxes

Some states and other governmental entities charge premium taxes or other similar taxes. Jackson pays these taxes and may make a deduction from the value of the contract for them. Premium taxes will not exceed 2.0%. Currently, New York does not impose premium taxes.



68
JNLNY Separate Account I
Notes to Financial Statements
December 31, 2016


Note 4 – Related Party Transactions

For contract enhancement benefits related to the optional benefits offered, Jackson contributed $81,082 and $159,680 to the Separate Account in the form of additional premium to contract owner’s accounts for the years ended December 31, 2016 and 2015, respectively. These amounts are included in purchase payments from contract transactions.

Note 5 - Purchases and Sales of Investments

For the year ended December 31, 2016, cost of purchases and proceeds from sales of the Investment Divisions’ investments in the corresponding Funds are as follows:
Jackson Variable Series Trust
 
Cost of
Purchases
Proceeds
      from Sales
 
Cost of
Purchases

Proceeds
      from Sales
JG - Alt 100 Fund
$ 3,739,329
$ 5,414,333
JNL/DFA U.S. Micro Cap Fund
$
886,892

$ 512,996
JG - Conservative Fund
 3,810,518
2,696,147
JNL/DoubleLine Total Return Fund
53,117,436

19,815,829
JG - Equity 100 Fund
 1,272,748
914,484
JNL/Eaton Vance Global Macro Absolute Return Advantage Fund
1,261,887

408,973
JG - Fixed Income 100 Fund
 515,585
1,543,205
JNL/Epoch Global Shareholder Yield Fund
1,309,462

718,476
JG - Growth Fund
 6,087,231
1,441,189
JNL/FAMCO Flex Core Covered Call Fund
2,042,230

3,198,687
JG - Interest Rate Opportunities Fund
 492,726
647,370
JNL/Lazard International Strategic Equity Fund
1,739,176

764,079
JG - Maximum Growth Fund
 2,213,587
2,044,461
JNL/MC Frontier Markets 100 Index Fund*
71,481

822,918
JG - Moderate Fund
 5,608,148
4,160,924
JNL/Neuberger Berman Currency Fund
471,403

314,555
JG - Moderate Growth Fund
 6,277,726
8,298,342
JNL/Neuberger Berman Risk Balanced Commodity Strategy Fund
 291,464

271,780
JG - Real Assets Fund
 145,531
360,036
JNL/Nicholas Convertible Arbitrage Fund
1,324,234

2,643,858
JNL Tactical ETF Conservative Fund
 6,486,143
1,137,560
JNL/PIMCO Credit Income Fund
9,209,248

2,413,681
JNL Tactical ETF Growth Fund
 7,538,419
2,675,789
JNL/PPM America Long Short Credit Fund
515,619

158,181
JNL Tactical ETF Moderate Fund
 9,910,384
3,956,162
JNL/T. Rowe Price Capital Appreciation Fund
27,494,252

5,613,454
JNL/American Funds Global Growth Fund
 2,710,169
1,494,311
JNL/The Boston Company Equity Income Fund
2,386,192

2,077,284
JNL/American Funds Growth Fund
 4,497,903
2,326,868
JNL/The London Company Focused U.S. Equity Fund
625,536

243,078
JNL/AQR Risk Parity Fund
 678,712
267,570
JNL/Van Eck International Gold Fund
3,105,269

2,029,842
JNL/BlackRock Global Long Short Credit Fund
 925,785
1,049,399
JNL/WCM Focused International Equity Fund
918,729

539,365



69
JNLNY Separate Account I
Notes to Financial Statements (continued)
December 31, 2016


Note 5 - Purchases and Sales of Investments (continued)
JNL Series Trust
 
Cost of
Purchases

Proceeds
      from Sales

 
Cost of
Purchases

Proceeds
      from Sales

JNL Alt 65 Fund - A
$
2,027,858

$
4,511,441

JNL/Franklin Templeton Global Multisector Bond Fund - A
$
8,865,144

$
11,482,592

JNL Disciplined Growth Fund - A
6,870,951

8,490,796

JNL/Franklin Templeton Income Fund - A
31,004,783

28,846,250

JNL Disciplined Moderate Fund - A
14,154,895

13,095,401

JNL/Franklin Templeton International Small Cap Growth Fund - A
10,677,015

9,282,975

JNL Disciplined Moderate Growth Fund - A
24,364,660

18,067,614

JNL/Franklin Templeton Mutual Shares Fund - A
10,474,143

8,605,277

JNL Institutional Alt 20 Fund - A
8,165,206

11,905,421

JNL/Goldman Sachs Core Plus Bond Fund - A
19,537,541

17,134,892

JNL Institutional Alt 35 Fund - A
3,267,763

16,481,508

JNL/Goldman Sachs Emerging Markets Debt Fund - A
1,149,912

2,291,199

JNL Institutional Alt 50 Fund - A
14,223,278

24,056,577

JNL/Goldman Sachs Mid Cap Value Fund - A
18,011,556

18,146,518

JNL Multi-Manager Alternative Fund - A
281,773

109,610

JNL/Goldman Sachs U.S. Equity Flex Fund - A
11,854,762

15,567,261

JNL Multi-Manager Mid Cap Fund - A
489,564

131,586

JNL/Harris Oakmark Global Equity Fund - A
367,403

175,271

JNL Multi-Manager Small Cap Growth Fund - A
18,165,879

16,659,221

JNL/Invesco China-India Fund - A
18,037,551

10,170,656

JNL Multi-Manager Small Cap Value Fund - A
11,176,293

8,861,866

JNL/Invesco Global Real Estate Fund - A
26,011,522

17,293,679

JNL/AB Dynamic Asset Allocation Fund - A
778,053

440,106

JNL/Invesco International Growth Fund - A
22,221,932

10,995,691

JNL/American Funds Balanced Allocation Fund - A
33,179,933

13,244,184

JNL/Invesco Large Cap Growth Fund - A*
9,400,081

51,549,366

JNL/American Funds Blue Chip Income and Growth Fund - A
68,233,921

29,837,447

JNL/Invesco Mid Cap Value Fund - A
6,385,691

5,317,111

JNL/American Funds Global Bond Fund - A
6,422,278

5,464,348

JNL/Invesco Small Cap Growth Fund - A
25,797,186

18,858,574

JNL/American Funds Global Small Capitalization Fund - A
5,999,746

6,139,950

JNL/JPMorgan MidCap Growth Fund - A
24,161,109

24,188,715

JNL/American Funds Growth-Income Fund - A
59,602,096

28,629,613

JNL/JPMorgan U.S. Government & Quality Bond Fund - A
52,614,765

43,376,497

JNL/American Funds Growth Allocation Fund - A
23,114,893

10,177,169

JNL/Lazard Emerging Markets Fund - A
4,429,354

5,991,838

JNL/American Funds International Fund - A
18,288,420

11,842,779

JNL/MC 10 x 10 Fund - A
9,095,863

10,643,106

JNL/American Funds New World Fund - A
11,796,344

8,556,809

JNL/MC Bond Index Fund - A
22,669,882

13,169,097

JNL/AQR Managed Futures Strategy Fund - A
6,044,751

4,415,279

JNL/MC Emerging Markets Index Fund - A
21,474,493

9,519,302

JNL/BlackRock Global Allocation Fund - A
36,620,571

33,027,141

JNL/MC European 30 Fund - A
9,237,309

13,244,440

JNL/BlackRock Large Cap Select Growth Fund - A
70,970,248

26,616,726

JNL/MC Index 5 Fund - A
15,474,753

13,452,112

JNL/BlackRock Natural Resources Fund - A
15,146,564

11,311,933

JNL/MC International Index Fund - A
22,422,961

17,666,392

JNL/Boston Partners Global Long Short Equity Fund - A
1,338,078

1,461,031

JNL/MC Pacific Rim 30 Fund - A
5,961,529

7,132,509

JNL/Brookfield Global Infrastructure and MLP Fund - A
21,304,011

12,745,208

JNL/MC S&P 400 MidCap Index Fund - A
52,979,384

26,566,263

JNL/Capital Guardian Global Balanced Fund - A
4,966,073

4,936,892

JNL/MC S&P 500 Index Fund - A
128,302,673

75,248,185

JNL/Capital Guardian Global Diversified Research Fund - A*
4,166,489

18,435,193

JNL/MC Small Cap Index Fund - A
32,688,820

20,927,391

JNL/Causeway International Value Select Fund - A
6,993,997

7,287,990

JNL/MC Utilities Sector Fund - A
3,064,252

2,029,997

JNL/Crescent High Income Fund - A
3,289,550

332,737

JNL/MMRS Conservative Fund - A
2,311,704

3,253,453

JNL/DFA U.S. Core Equity Fund - A
18,421,203

10,662,325

JNL/MMRS Growth Fund - A
404,268

278,984

JNL/DoubleLine Emerging Markets Fixed Income Fund - A
401,477

95,489

JNL/MMRS Moderate Fund - A
1,245,331

1,270,322

JNL/DoubleLine Shiller Enhanced CAPE Fund - A
3,601,036

797,704

JNL/Morgan Stanley Mid Cap Growth Fund - A
3,477,295

4,623,312

JNL/Eastspring Investments Asia ex-Japan Fund - A*
605,745

11,557,646

JNL/Neuberger Berman Strategic Income Fund - A
13,931,998

10,161,261

JNL/FPA + DoubleLine Flexible Allocation Fund - A
15,238,337

28,692,801

JNL/Oppenheimer Emerging Markets Innovator Fund - A
344,992

51,806

JNL/Franklin Templeton Founding Strategy Fund - A
5,888,028

16,114,691

JNL/Oppenheimer Global Growth Fund - A
37,946,218

24,492,295

JNL/Franklin Templeton Global Growth Fund - A
8,000,195

7,305,930

JNL/PIMCO Real Return Fund - A
19,253,275

18,287,433




70
JNLNY Separate Account I
Notes to Financial Statements (continued)
December 31, 2016


Note 5 - Purchases and Sales of Investments (continued)

JNL Series Trust (continued)
 
Cost of
Purchases
Proceeds
      from Sales
 
Cost of
Purchases
Proceeds
      from Sales
JNL/PIMCO Total Return Bond Fund - A
$ 45,689,934
$ 52,474,958
JNL/S&P Managed Growth Fund - A
$ 49,976,471
$ 62,118,993
JNL/PPM America Floating Rate Income Fund - A
 28,955,003
18,463,292
JNL/S&P Managed Moderate Fund - A
 38,098,516
47,747,520
JNL/PPM America High Yield Bond Fund - A
 33,416,829
26,518,153
JNL/S&P Managed Moderate Growth Fund - A
 57,151,598
78,445,844
JNL/PPM America Mid Cap Value Fund - A
 18,125,755
6,107,126
JNL/S&P Mid 3 Fund - A
 8,724,676
3,558,763
JNL/PPM America Small Cap Value Fund - A
 23,523,549
9,579,477
JNL/S&P Total Yield Fund - A
 16,694,494
9,827,108
JNL/PPM America Total Return Fund - A
 22,076,293
7,223,759
JNL/Scout Unconstrained Bond Fund - A
 1,672,971
999,982
JNL/PPM America Value Equity Fund - A
 3,723,107
2,066,006
JNL/T. Rowe Price Established Growth Fund - A
 87,940,093
82,471,554
JNL/Red Rocks Listed Private Equity Fund - A
 6,782,330
6,176,518
JNL/T. Rowe Price Mid-Cap Growth Fund - A
 49,758,666
53,580,817
JNL/S&P 4 Fund - A
 126,139,304
97,996,605
JNL/T. Rowe Price Short-Term Bond Fund - A
 29,057,209
25,064,770
JNL/S&P Competitive Advantage Fund - A
 32,596,338
23,944,299
JNL/T. Rowe Price Value Fund - A
 43,667,444
25,439,289
JNL/S&P Dividend Income & Growth Fund - A
 148,176,224
50,269,175
JNL/Westchester Capital Event Driven Fund - A
 173,229
54,199
JNL/S&P International 5 Fund - A
 838,878
751,975
JNL/WMC Balanced Fund - A
 118,093,397
44,062,869
JNL/S&P Intrinsic Value Fund - A
 18,241,361
22,606,524
JNL/WMC Money Market Fund - A
 129,503,863
123,406,235
JNL/S&P Managed Aggressive Growth Fund - A
 26,069,914
38,563,709
JNL/WMC Value Fund - A
 8,291,178
8,274,659
JNL/S&P Managed Conservative Fund - A
 19,537,037
33,270,864
 
 
 
JNL Variable Fund LLC
 
Cost of
Purchases
Proceeds
      from Sales
 
Cost of
Purchases
Proceeds
      from Sales
JNL/MC Communications Sector Fund - A
$ 4,256,403
$ 3,369,195
JNL/MC Nasdaq 100 Fund - A
$ 40,697,493
$ 25,013,894
JNL/MC Consumer Brands Sector Fund - A
 21,167,275
27,305,489
JNL/MC Oil & Gas Sector Fund - A
 38,785,486
21,860,409
JNL/MC Financial Sector Fund - A
 37,590,858
18,988,693
JNL/MC S&P 24 Fund - A
 6,662,890
7,792,766
JNL/MC Healthcare Sector Fund - A
 64,476,920
58,009,693
JNL/MC S&P SMid 60 Fund - A
 22,349,150
5,019,225
JNL/MC JNL 5 Fund - A
 22,181,126
50,670,765
JNL/MC Technology Sector Fund - A
 42,442,372
34,674,196
*No longer available as of April 25, 2016.

Note 6 - Subsequent Events

Management has evaluated subsequent events for the Separate Accounts through the date the financial statements are issued and the following events occurred:

On March 20, 2017, contract holders of JNL/Mellon Capital S&P 24 Fund Investment Division as shareowners in the acquired Fund approved the acquisition of JNL/Mellon Capital S&P 24 Fund into JNL/Mellon Capital JNL 5 Fund effective after close of business on April 24, 2017. Also effective after close of business on April 24, 2017, JNL/Morgan Stanley Mid Cap Growth Fund will be acquired by JNL/T.Rowe Price Mid-Cap Growth Fund.

No other events were noted that required adjustments to the financial statements or disclosure in the notes.




71
JNLNY Separate Account I
Notes to Financial Statements (continued)


Note 7 - Financial Highlights
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The following is a summary for each period in the five-year period ended December 31, 2015, of unit values, total returns and expense ratios for variable annuity contracts with the highest and lowest expense ratios in addition to certain other Investment Division data. Unit values for Investment Divisions that do not have any assets at period end are calculated based on the net asset value of the underlying Fund less expenses charged directly to that Investment Division of the Separate Account.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JG - Alt 100 Fund (a)
 
JG - Conservative Fund (a)
 
JG - Equity 100 Fund (a)
 
JG - Fixed Income 100 Fund (b)
 
JG - Growth Fund (c)
 
JG - Interest Rate Opportunities Fund (c)
 
JG - Maximum Growth Fund (a)
 
JG - Moderate Fund (a)
 
JG - Moderate Growth Fund (a)
 
JG - Real Assets Fund (c)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Highest expense ratio
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
10.058746

 
$
10.729770

 
$
13.720849

 
$
9.741117

 
$
11.446753

 
$
9.543384

 
$
12.776162

 
$
11.959537

 
$
12.025681

 
$
9.271135

   Total Return *
 
-1.14
 %
 
3.18
 %
 
5.25
 %
 
3.21
 %
 
4.68
 %
 
3.27
 %
 
5.75
 %
 
3.91
 %
 
4.45
 %
 
11.26
 %
   Ratio of Expenses **
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
10.174888

 
$
10.399303

 
$
13.035932

 
$
9.438343

 
$
10.935242

 
$
9.241209

 
$
12.081553

 
$
11.509665

 
$
11.513449

 
$
8.333126

   Total Return *
 
-2.93
 %
 
-2.92
 %
 
-2.47
 %
 
-3.31
 %
 
-2.01
 %
 
-5.10
 %
 
-2.55
 %
 
-2.56
 %
 
-2.56
 %
 
-12.60
 %
   Ratio of Expenses **
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
10.481547

 
$
10.712578

 
$
13.365617

 
$
9.761060

 
$
11.159017

 
$
9.737747

 
$
12.397100

 
$
11.811623

 
$
11.816086

 
$
9.534581

   Total Return *
 
1.00
 %
 
2.43
 %
 
3.53
 %
 
0.87
 %
 
2.87
 %
 
-0.20
 %
 
2.97
 %
 
2.42
 %
 
2.82
 %
 
-2.88
 %
   Ratio of Expenses **
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
10.377480

 
$
10.458925

 
$
12.909400

 
$
9.676550

 
$
10.848084

 
$
9.757431

 
$
12.040105

 
$
11.532356

 
$
11.492095

 
$
9.816898

   Total Return *
 
2.59
 %
 
-0.40
 %
 
25.57
 %
 
-3.63
 %
 
8.34%***

 
-1.24%***

 
17.30
 %
 
10.76
 %
 
10.37
 %
 
-0.95%***

   Ratio of Expenses **
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
10.115590

 
$
10.501299

 
$
10.280677

 
$
10.041492

 
 n/a

 
 n/a

 
$
10.263934

 
$
10.412254

 
$
10.412243

 
 n/a

   Total Return *
 
3.27%***

 
4.19%***

 
3.38%***

 
-0.11%***

 
n/a

 
n/a

 
2.16%***

 
3.86%***

 
3.08%***

 
n/a

   Ratio of Expenses **
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
n/a

 
n/a

 
1.25
 %
 
1.25
 %
 
1.25
 %
 
n/a

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
* Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units, inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return for Investment Divisions with no assets at period end is calculated based on the total return of the underlying Fund less expenses that are charged directly to that Investment Division of the Separate Account.
** Annualized contract expenses of Investment Divisions of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded.
*** Total return is calculated from the effective date through the end of the reporting period. The effective date is the date when the optional benefit in the variable account was elected by a contract owner.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Commencement of operations February 6, 2012.
(b) Commencement of operations September 10, 2012.
(c) Commencement of operations April 29, 2013.


72
JNLNY Separate Account I
Notes to Financial Statements (continued)


Note 7 - Financial Highlights (continued)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JG - Alt 100 Fund (a)
 
JG - Conservative Fund (a)
 
JG - Equity 100 Fund (a)
 
JG - Fixed Income 100 Fund (b)
 
JG - Growth Fund (c)
 
JG - Interest Rate Opportunities Fund (c)
 
JG - Maximum Growth Fund (a)
 
JG - Moderate Fund (a)
 
JG - Moderate Growth Fund (a)
 
JG - Real Assets Fund (c)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Lowest expense ratio
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
10.257567

 
$
10.861827

 
$
13.958892

 
$
9.910197

 
$
11.616249

 
$
9.631392

 
$
13.028666

 
$
12.195889

 
$
12.263396

 
$
9.356674

   Total Return *
 
-0.75
 %
 
3.44
 %
 
5.67
 %
 
3.62
 %
 
5.10
 %
 
3.53
 %
 
6.17
 %
 
4.32
%
 
4.87
 %
 
11.53
 %
   Ratio of Expenses **
 
0.85
 %
 
1.00
 %
 
0.85
 %
 
0.85
 %
 
0.85
 %
 
1.00
 %
 
0.85
 %
 
0.85
%
 
0.85
 %
 
1.00
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
10.334693

 
$
10.501088

 
$
13.209294

 
$
9.563941

 
$
11.052980

 
$
9.303213

 
$
12.271280

 
$
11.690409

 
$
11.694285

 
$
8.389061

   Total Return *
 
-2.54
 %
 
-2.68
 %
 
-2.08
 %
 
-2.92
 %
 
-1.61
 %
 
-4.86
 %
 
-2.15
 %
 
-2.15%***

 
-2.17
 %
 
-12.38
 %
   Ratio of Expenses **
 
0.85
 %
 
1.00
 %
 
0.85
 %
 
0.85
 %
 
0.85
 %
 
1.00
 %
 
0.85
 %
 
0.85
%
 
0.85
 %
 
1.00
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
10.603680

 
$
10.790432

 
$
13.489297

 
$
9.851465

 
$
11.234131

 
$
9.778611

 
$
12.541512

 
$
11.897511

 
$
11.953766

 
$
9.574612

   Total Return *
 
1.41
 %
 
2.68
 %
 
-1.55%***

 
-2.82%***

 
-0.37%***

 
0.05
 %
 
-0.50%***

 
2.68
%
 
3.23
 %
 
-2.63
 %
   Ratio of Expenses **
 
0.85
 %
 
1.00
 %
 
0.85
 %
 
0.85
 %
 
0.85
 %
 
1.00
 %
 
0.85
 %
 
1.00
%
 
0.85
 %
 
1.00
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
10.456496

 
$
10.508634

 
$
12.951487

 
$
9.708256

 
$
10.866519

 
$
9.773907

 
$
12.097419

 
$
11.587209

 
$
11.579589

 
$
9.833497

   Total Return *
 
0.32%***

 
-0.15
 %
 
25.88
 %
 
-3.39
 %
 
6.27%***

 
-2.30%***

 
17.60
 %
 
11.03
%
 
7.19%***

 
-0.07%***

   Ratio of Expenses **
 
0.85
 %
 
1.00
 %
 
1.00
 %
 
1.00
 %
 
1.00
 %
 
1.00
 %
 
1.00
 %
 
1.00
%
 
0.85
 %
 
1.00
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
10.138417

 
$
10.524862

 
$
10.288426

 
$
10.049233

 
 n/a

 
 n/a

 
$
10.287058

 
$
10.435657

 
$
10.435693

 
 n/a

   Total Return *
 
2.29%***

 
1.45%***

 
6.81%***

 
0.31%***

 
n/a

 
n/a

 
0.28%***

 
0.76%***

 
3.72%***

 
n/a

   Ratio of Expenses **
 
1.00
 %
 
1.00
 %
 
1.00
 %
 
1.00
 %
 
n/a

 
n/a

 
1.00
 %
 
1.00
%
 
1.00
 %
 
n/a

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
* Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units, inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return for Investment Divisions with no assets at period end is calculated based on the total return of the underlying Fund less expenses that are charged directly to that Investment Division of the Separate Account.
** Annualized contract expenses of Investment Divisions of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded.
*** Total return is calculated from the effective date through the end of the reporting period. The effective date is the date when the optional benefit in the variable account was elected by a contract owner.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Commencement of operations February 6, 2012.
(b) Commencement of operations September 10, 2012.
(c) Commencement of operations April 29, 2013.

73
JNLNY Separate Account I
Notes to Financial Statements (continued)


Note 7 - Financial Highlights (continued)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JG - Alt 100 Fund (a)
 
JG - Conservative Fund (a)
 
JG - Equity 100 Fund (a)
 
JG - Fixed Income 100 Fund (b)
 
JG - Growth Fund (c)
 
JG - Interest Rate Opportunities Fund (c)
 
JG - Maximum Growth Fund (a)
 
JG - Moderate Fund (a)
 
JG - Moderate Growth Fund (a)
 
JG - Real Assets Fund (c)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Investment Division data
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
23,432

 
$
12,341

 
$
6,042

 
$
4,803

 
$
23,405

 
$
3,610

 
$
13,063

 
$
33,433

 
$
48,538

 
$
440

   Units Outstanding (in thousands)
 
2,308

 
1,141

 
436

 
488

 
2,024

 
376

 
1,010

 
2,768

 
3,996

 
47

   Investment Income Ratio *
 
0.00
%
 
0.00
%
 
0.00
%
 
0.00
%
 
0.00
%
 
0.00
%
 
0.00
%
 
0.00
%
 
0.00
%
 
0.00
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
25,072

 
$
10,739

 
$
5,301

 
$
5,594

 
$
17,412

 
$
3,609

 
$
11,982

 
$
30,300

 
$
47,720

 
$
622

   Units Outstanding (in thousands)
 
2,446

 
1,026

 
404

 
589

 
1,582

 
389

 
982

 
2,612

 
4,112

 
74

   Investment Income Ratio *
 
1.16
%
 
1.26
%
 
2.25
%
 
1.22
%
 
1.65
%
 
0.95
%
 
1.30
%
 
1.64
%
 
1.32
%
 
0.82
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
19,386

 
$
7,768

 
$
5,110

 
$
3,928

 
$
10,217

 
$
3,670

 
$
5,967

 
$
23,663

 
$
27,429

 
$
370

   Units Outstanding (in thousands)
 
1,840

 
722

 
380

 
401

 
912

 
376

 
478

 
1,992

 
2,308

 
39

   Investment Income Ratio *
 
1.12
%
 
0.94
%
 
0.73
%
 
1.84
%
 
0.48
%
 
1.59
%
 
0.63
%
 
0.92
%
 
0.73
%
 
1.01
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
15,147

 
$
2,981

 
$
2,259

 
$
1,251

 
$
3,163

 
$
2,397

 
$
4,287

 
$
9,543

 
$
13,172

 
$
284

   Units Outstanding (in thousands)
 
1,455

 
284

 
175

 
129

 
291

 
245

 
355

 
825

 
1,142

 
29

   Investment Income Ratio *
 
0.03
%
 
0.85
%
 
0.09
%
 
0.47
%
 
0.00
%
 
0.00
%
 
0.19
%
 
0.48
%
 
0.17
%
 
0.00
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
6,324

 
$
797

 
$
292

 
$
278

 
 n/a

 
 n/a

 
$
890

 
$
2,455

 
$
4,377

 
 n/a

   Units Outstanding (in thousands)
 
624

 
76

 
28

 
28

 
n/a

 
n/a

 
87

 
235

 
420

 
n/a

   Investment Income Ratio *
 
0.00
%
 
0.00
%
 
0.00
%
 
0.00
%
 
n/a

 
n/a

 
0.00
%
 
0.00
%
 
0.00
%
 
n/a

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
*    These amounts represent the dividends, excluding distributions of capital gains, received by the Investment Division from the underlying Fund divided by the average net assets.  In some instances, the investment income ratio may be rounded to 0.00% even though the Investment Division received dividend income from the underlying Fund.
(a) Commencement of operations February 6, 2012.
(b) Commencement of operations September 10, 2012.
(c) Commencement of operations April 29, 2013.


74
JNLNY Separate Account I
Notes to Financial Statements (continued)


Note 7 - Financial Highlights (continued)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL Tactical ETF Conservative Fund (a)
 
JNL Tactical ETF Growth Fund (a)
 
JNL Tactical ETF Moderate Fund (a)
 
JNL/American Funds Global Growth Fund (d)
 
JNL/American Funds Growth Fund (a)
 
JNL/AQR Risk Parity Fund (d)
 
JNL/BlackRock Global Long Short Credit Fund (c)
 
JNL/DFA U.S. Micro Cap Fund (b)
 
JNL/DoubleLine Total Return Fund (d)
 
JNL/Eaton Vance Global Macro Absolute Return Advantage Fund (c)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Highest expense ratio
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
11.528563

 
$
13.434580

 
$
12.623280

 
$
11.537266

 
$
16.296136

 
$
10.244532

 
$
9.896900

 
$
16.938951

 
$
10.192255

 
$
10.341168

   Total Return *
 
4.26
 %
 
7.14
 %
 
5.72
 %
 
-0.82
 %
 
7.68
%
 
8.23
 %
 
1.50
 %
 
25.18
 %
 
-0.42
 %
 
5.14
%
   Ratio of Expenses **
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
%
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
2.46
 %
 
1.25
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
11.057196

 
$
12.539329

 
$
11.940608

 
$
11.632279

 
$
15.134524

 
$
9.465401

 
$
9.750850

 
$
13.531821

 
$
10.235384

 
$
9.835931

   Total Return *
 
-0.97
 %
 
-1.24
 %
 
-1.09
 %
 
5.30
 %
 
5.12
%
 
-11.42
 %
 
-2.57
 %
 
-6.02
 %
 
-1.17%***

 
0.74
%
   Ratio of Expenses **
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
%
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
2.46
 %
 
1.25
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
11.165416

 
$
12.696714

 
$
12.072143

 
$
11.046631

 
$
14.397508

 
$
10.686224

 
$
10.008388

 
$
14.398510

 
$
10.478404

 
$
9.763528

   Total Return *
 
2.74
 %
 
3.26
 %
 
3.23
 %
 
0.79
 %
 
6.64
%
 
6.61
 %
 
-0.07
 %
 
0.78
 %
 
5.17
 %
 
3.43
%
   Ratio of Expenses **
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
%
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
10.868066

 
$
12.295748

 
$
11.694231

 
$
10.960114

 
$
13.500798

 
$
10.023693

 
$
10.015287

 
$
14.286772

 
$
9.963773

 
$
9.440133

   Total Return *
 
5.27
 %
 
17.00
 %
 
12.29
 %
 
4.41%***

 
27.84
%
 
-1.51%***

 
0.31%***

 
41.85
 %
 
-0.80%***

 
-5.90%***

   Ratio of Expenses **
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
%
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
10.323518

 
$
10.508894

 
$
10.413985

 
 n/a

 
$
10.560607

 
 n/a

 
 n/a

 
$
10.071412

 
 n/a

 
 n/a

   Total Return *
 
5.41%***

 
5.47%***

 
2.70%***

 
n/a

 
2.78%***

 
n/a

 
n/a

 
3.58%***

 
n/a

 
n/a

   Ratio of Expenses **
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
n/a

 
1.25
%
 
n/a

 
n/a

 
1.25
 %
 
n/a

 
n/a

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
* Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units,inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return for Investment Divisions with no assets at period end is calculated based on the total return of the underlying Fund less expenses that are charged directly to that Investment Division of the Separate Account.
** Annualized contract expenses of Investment Divisions of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded.
*** Total return is calculated from the effective date through the end of the reporting period. The effective date is the date when the optional benefit in the variable account was elected by a contract owner.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Commencement of operations February 6, 2012.
(b) Commencement of operations September 10, 2012.
(c) Commencement of operations April 29, 2013.
(d) Commencement of operations September 16, 2013.


75
JNLNY Separate Account I
Notes to Financial Statements (continued)


Note 7 - Financial Highlights (continued)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL Tactical ETF Conservative Fund (a)
 
JNL Tactical ETF Growth Fund (a)
 
JNL Tactical ETF Moderate Fund (a)
 
JNL/American Funds Global Growth Fund (d)
 
JNL/American Funds Growth Fund (a)
 
JNL/AQR Risk Parity Fund (d)
 
JNL/BlackRock Global Long Short Credit Fund (c)
 
JNL/DFA U.S. Micro Cap Fund (b)
 
JNL/DoubleLine Total Return Fund (d)
 
JNL/Eaton Vance Global Macro Absolute Return Advantage Fund (c)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Lowest expense ratio
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
11.756327

 
$
13.700122

 
$
12.872708

 
$
11.690078

 
$
16.618206

 
$
10.328920

 
$
10.043266

 
$
17.232673

 
$
10.746292

 
$
10.494169

   Total Return *
 
3.74%***

 
7.57
 %
 
6.14
 %
 
-0.42
 %
 
8.11
%
 
8.50
 %
 
1.90
 %
 
25.68
 %
 
1.19
%
 
5.56
%
   Ratio of Expenses **
 
0.85
 %
 
0.85
 %
 
0.85
 %
 
0.85
 %
 
0.85
%
 
1.00
 %
 
0.85
 %
 
0.85
 %
 
0.85
%
 
0.85
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
11.165503

 
$
12.736262

 
$
12.128067

 
$
11.739421

 
$
15.372191

 
$
9.519610

 
$
9.855677

 
$
13.711652

 
$
10.619877

 
$
9.941726

   Total Return *
 
-0.72
 %
 
-0.84
 %
 
-0.69
 %
 
5.72
 %
 
5.54
%
 
-11.20
 %
 
-2.18
 %
 
-5.64
 %
 
0.83
%
 
-1.14%***

   Ratio of Expenses **
 
1.00
 %
 
0.85
 %
 
0.85
 %
 
0.85
 %
 
0.85
%
 
1.00
 %
 
0.85
 %
 
0.85
 %
 
0.85
%
 
0.85
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
11.246631

 
$
12.844628

 
$
12.212727

 
$
11.103859

 
$
14.565207

 
$
10.720593

 
$
10.075604

 
$
14.531633

 
$
10.532614

 
$
9.804489

   Total Return *
 
2.99
 %
 
0.46%***

 
3.65
 %
 
1.99%***

 
7.07
%
 
6.88
 %
 
-1.18%***

 
7.80%***

 
5.59
%
 
3.68
%
   Ratio of Expenses **
 
1.00
 %
 
0.85
 %
 
0.85
 %
 
0.85
 %
 
0.85
%
 
1.00
 %
 
0.85
 %
 
0.85
 %
 
0.85
%
 
1.00
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
10.919785

 
$
12.354317

 
$
11.783178

 
$
10.968059

 
$
13.603532

 
$
10.030855

 
$
10.032095

 
$
14.333220

 
$
9.975345

 
$
9.456052

   Total Return *
 
5.54
 %
 
17.30
 %
 
9.33%***

 
8.41%***

 
10.03%***

 
-2.10%***

 
0.54%***

 
42.21
 %
 
-1.62%***

 
-1.55%***

   Ratio of Expenses **
 
1.00
 %
 
1.00
 %
 
0.85
 %
 
1.00
 %
 
0.85
%
 
1.00
 %
 
1.00
 %
 
1.00
 %
 
0.85
%
 
1.00
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
10.346749

 
$
10.532592

 
$
10.437409

 
 n/a

 
$
10.584333

 
 n/a

 
 n/a

 
$
10.079057

 
 n/a

 
 n/a

   Total Return *
 
3.79%***

 
0.75%***

 
5.42%***

 
n/a

 
7.76%***

 
n/a

 
n/a

 
6.20%***

 
n/a

 
n/a

   Ratio of Expenses **
 
1.00
 %
 
1.00
 %
 
1.00
 %
 
n/a

 
1.00
%
 
n/a

 
n/a

 
1.00
 %
 
n/a

 
n/a

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
* Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units,inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return for Investment Divisions with no assets at period end is calculated based on the total return of the underlying Fund less expenses that are charged directly to that Investment Division of the Separate Account.
** Annualized contract expenses of Investment Divisions of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded.
*** Total return is calculated from the effective date through the end of the reporting period. The effective date is the date when the optional benefit in the variable account was elected by a contract owner.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Commencement of operations February 6, 2012.
(b) Commencement of operations September 10, 2012.
(c) Commencement of operations April 29, 2013.
(d) Commencement of operations September 16, 2013.


76
JNLNY Separate Account I
Notes to Financial Statements (continued)


Note 7 - Financial Highlights (continued)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL Tactical ETF Conservative Fund (a)
 
JNL Tactical ETF Growth Fund (a)
 
JNL Tactical ETF Moderate Fund (a)
 
JNL/American Funds Global Growth Fund (d)
 
JNL/American Funds Growth Fund (a)
 
JNL/AQR Risk Parity Fund (d)
 
JNL/BlackRock Global Long Short Credit Fund (c)
 
JNL/DFA U.S. Micro Cap Fund (b)
 
JNL/DoubleLine Total Return Fund (d)
 
JNL/Eaton Vance Global Macro Absolute Return Advantage Fund (c)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Investment Division data
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
11,889

 
$
14,693

 
$
21,901

 
$
6,482

 
$
17,786

 
$
1,973

 
$
3,494

 
$
2,898

 
$
61,539

 
$
2,250

   Units Outstanding (in thousands)
 
1,024

 
1,080

 
1,716

 
558

 
1,080

 
191

 
350

 
170

 
5,815

 
216

   Investment Income Ratio *
 
1.35
%
 
1.40
%
 
1.38
%
 
0.00
%
 
0.00
%
 
0.00
%
 
2.79
%
 
0.17
%
 
1.88
%
 
5.34
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
6,362

 
$
9,705

 
$
15,585

 
$
5,206

 
$
14,176

 
$
1,417

 
$
3,620

 
$
2,124

 
$
28,618

 
$
1,374

   Units Outstanding (in thousands)
 
572

 
767

 
1,293

 
445

 
929

 
149

 
369

 
156

 
2,721

 
139

   Investment Income Ratio *
 
1.09
%
 
1.14
%
 
1.06
%
 
0.44
%
 
0.57
%
 
36.53
%
 
5.76
%
 
0.00
%
 
2.32
%
 
6.87
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
5,385

 
$
6,827

 
$
10,651

 
$
1,914

 
$
7,896

 
$
1,064

 
$
2,205

 
$
2,493

 
$
8,702

 
$
904

   Units Outstanding (in thousands)
 
480

 
534

 
876

 
173

 
545

 
99

 
220

 
172

 
829

 
92

   Investment Income Ratio *
 
0.82
%
 
0.80
%
 
0.74
%
 
0.23
%
 
0.29
%
 
0.00
%
 
0.00
%
 
0.00
%
 
0.53
%
 
0.00
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
4,758

 
$
4,407

 
$
7,820

 
$
290

 
$
3,384

 
$
70

 
$
775

 
$
1,029

 
$
463

 
$
268

   Units Outstanding (in thousands)
 
437

 
357

 
666

 
26

 
250

 
7

 
77

 
72

 
46

 
28

   Investment Income Ratio *
 
0.00
%
 
0.00
%
 
0.00
%
 
0.00
%
 
0.19
%
 
0.00
%
 
0.00
%
 
1.03
%
 
0.00
%
 
0.00
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
1,394

 
$
801

 
$
1,451

 
 n/a

 
$
445

 
 n/a

 
 n/a

 
$
14

 
 n/a

 
 n/a

   Units Outstanding (in thousands)
 
135

 
76

 
139

 
n/a

 
42

 
n/a

 
n/a

 
1

 
n/a

 
n/a

   Investment Income Ratio *
 
2.89
%
 
1.53
%
 
2.05
%
 
n/a

 
0.00
%
 
n/a

 
n/a

 
0.00
%
 
n/a

 
n/a

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
*    These amounts represent the dividends, excluding distributions of capital gains, received by the Investment Division from the underlying Fund divided by the average net assets.  In some instances, the investment income ratio may be rounded to 0.00% even though the Investment Division received dividend income from the underlying Fund.
(a) Commencement of operations February 6, 2012.
(b) Commencement of operations September 10, 2012.
(c) Commencement of operations April 29, 2013.
(d) Commencement of operations September 16, 2013.


77
JNLNY Separate Account I
Notes to Financial Statements (continued)


Note 7 - Financial Highlights (continued)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/Epoch Global Shareholder Yield Fund (a)
 
JNL/FAMCO Flex Core Covered Call Fund (a)
 
JNL/Lazard International Strategic Equity Fund (c)
 
JNL/MC Frontier Markets 100 Index Fund (b) (f)
 
JNL/Neuberger Berman Currency Fund (b)
 
JNL/Neuberger Berman Risk Balanced Commodity Strategy Fund (e)
 
JNL/Nicholas Convertible Arbitrage Fund (a)
 
JNL/PIMCO Credit Income Fund (a)
 
JNL/PPM America Long Short Credit Fund (c)
 
JNL/T. Rowe Price Capital Appreciation Fund (d)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Highest expense ratio
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
13.421121

 
$
12.414316

 
$
10.819103

 
$
8.495651

 
$
9.728964

 
$
6.276822

 
$
9.906424

 
$
10.693574

 
$
10.241589

 
$
12.734278

   Total Return *
 
5.83
 %
 
6.75
 %
 
-6.30
 %
 
-0.95
 %
 
-2.82
 %
 
10.51
 %
 
2.18
 %
 
-1.09%***

 
9.75
 %
 
6.43
%
   Ratio of Expenses **
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
2.16
 %
 
1.25
 %
 
1.25
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
12.681527

 
$
11.629381

 
$
11.546871

 
$
8.577292

 
$
10.011404

 
$
5.679845

 
$
9.695055

 
$
10.331816

 
$
9.332169

 
$
11.964387

   Total Return *
 
-6.17
 %
 
-4.41
 %
 
3.11
 %
 
-15.99
 %
 
0.62
 %
 
-26.00
 %
 
-4.16
 %
 
-1.35%***

 
-4.94
 %
 
3.21
%
   Ratio of Expenses **
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
2.02
 %
 
1.25
 %
 
1.25
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
13.515080

 
$
12.166246

 
$
11.198173

 
$
10.210125

 
$
9.949288

 
$
7.675001

 
$
10.116375

 
$
10.884006

 
$
9.816721

 
$
11.592746

   Total Return *
 
4.74
 %
 
7.49
 %
 
-2.65
 %
 
-16.03
 %
 
2.08
 %
 
-22.03%***

 
-2.30
 %
 
6.28
 %
 
-2.66
 %
 
10.34
%
   Ratio of Expenses **
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
12.903844

 
$
11.319004

 
$
11.502659

 
$
12.159633

 
$
9.746259

 
 n/a

 
$
10.354499

 
$
10.241175

 
$
10.084773

 
$
10.506294

   Total Return *
 
19.27%***

 
11.31
 %
 
15.57%***

 
8.67%***

 
-3.13
 %
 
n/a

 
2.06
 %
 
-2.92
 %
 
3.04%***

 
5.33%***

   Ratio of Expenses **
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
n/a

 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
10.609000

 
$
10.169153

 
 n/a

 
$
10.408022

 
$
10.061422

 
 n/a

 
$
10.145372

 
$
10.549023

 
 n/a

 
 n/a

   Total Return *
 
1.28%***

 
0.34%***

 
n/a

 
1.64%***

 
0.77%***

 
n/a

 
1.88%***

 
4.88%***

 
n/a

 
n/a

   Ratio of Expenses **
 
1.10
 %
 
1.25
 %
 
n/a

 
1.00
 %
 
1.25
 %
 
n/a

 
1.25
 %
 
1.25
 %
 
n/a

 
n/a

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
* Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units,inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return for Investment Divisions with no assets at period end is calculated based on the total return of the underlying Fund less expenses that are charged directly to that Investment Division of the Separate Account.
** Annualized contract expenses of Investment Divisions of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded.
*** Total return is calculated from the effective date through the end of the reporting period. The effective date is the date when the optional benefit in the variable account was elected by a contract owner.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Commencement of operations February 6, 2012.
(b) Commencement of operations September 10, 2012.
(c) Commencement of operations April 29, 2013.
(d) Commencement of operations September 16, 2013.
(e) Commencement of operations April 28, 2014.
(f) The period is from January 1, 2016 through April 25, 2016, the date the Fund was acquired.  The respective acquisition can be found on page 65 of the Notes to Financial Statements. Unit values disclosed are as of April 22, 2016.

78
JNLNY Separate Account I
Notes to Financial Statements (continued)


Note 7 - Financial Highlights (continued)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/Epoch Global Shareholder Yield Fund (a)
 
JNL/FAMCO Flex Core Covered Call Fund (a)
 
JNL/Lazard International Strategic Equity Fund (c)
 
JNL/MC Frontier Markets 100 Index Fund (b) (f)
 
JNL/Neuberger Berman Currency Fund (b)
 
JNL/Neuberger Berman Risk Balanced Commodity Strategy Fund (e)
 
JNL/Nicholas Convertible Arbitrage Fund (a)
 
JNL/PIMCO Credit Income Fund (a)
 
JNL/PPM America Long Short Credit Fund (c)
 
JNL/T. Rowe Price Capital Appreciation Fund (d)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Lowest expense ratio
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
13.686724

 
$
12.659853

 
$
10.979192

 
$
8.619514

 
$
9.834163

 
$
6.344154

 
$
10.102616

 
$
11.402639

 
$
10.392997

 
$
12.902902

   Total Return *
 
6.26
 %
 
7.18
 %
 
-5.93
 %
 
-0.83
 %
 
-2.58
 %
 
10.95
%
 
2.59
 %
 
5.44
 %
 
10.18
 %
 
6.86
%
   Ratio of Expenses **
 
0.85
 %
 
0.85
 %
 
0.85
 %
 
0.85
 %
 
1.00
 %
 
0.85
%
 
0.85
 %
 
0.85
 %
 
0.85
 %
 
0.85
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
12.880997

 
$
11.812166

 
$
11.671070

 
$
8.691580

 
$
10.094468

 
$
5.717924

 
$
9.847698

 
$
10.814407

 
$
9.432437

 
$
12.074545

   Total Return *
 
-5.79
 %
 
-4.03
 %
 
-7.68%***

 
-15.66
 %
 
0.88
 %
 
0.15%***

 
-3.78
 %
 
-1.78
 %
 
-4.56
 %
 
3.62
%
   Ratio of Expenses **
 
0.85
 %
 
0.85
 %
 
0.85
 %
 
0.85
 %
 
1.00
 %
 
0.85
%
 
0.85
 %
 
0.85
 %
 
0.85
 %
 
0.85
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
13.672846

 
$
12.308118

 
$
11.245149

 
$
10.304910

 
$
10.006806

 
$
7.687721

 
$
10.234637

 
$
11.010872

 
$
9.882596

 
$
11.652775

   Total Return *
 
-2.03%***

 
7.92
 %
 
-2.40
 %
 
-19.04%***

 
2.34
 %
 
-22.75%***

 
-1.91
 %
 
6.70
 %
 
-2.27
 %
 
10.78
%
   Ratio of Expenses **
 
0.85
 %
 
0.85
 %
 
1.00
 %
 
0.85
 %
 
1.00
 %
 
1.00
%
 
0.85
 %
 
0.85
 %
 
0.85
 %
 
0.85
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
12.965454

 
$
11.405273

 
$
11.522068

 
$
12.200676

 
$
9.778111

 
 n/a

 
$
10.433734

 
$
10.319164

 
$
10.111911

 
$
10.518513

   Total Return *
 
22.10
 %
 
3.60%***

 
22.24%***

 
17.22
 %
 
-2.89
 %
 
n/a

 
2.47
 %
 
-0.55%***

 
1.41%***

 
2.62%***

   Ratio of Expenses **
 
1.00
 %
 
0.85
 %
 
1.00
 %
 
1.00
 %
 
1.00
 %
 
n/a

 
0.85
 %
 
0.85
 %
 
0.85
 %
 
0.85
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
10.618625

 
$
10.191700

 
 n/a

 
$
10.408022

 
$
10.069089

 
 n/a

 
$
10.182201

 
$
10.572784

 
 n/a

 
 n/a

   Total Return *
 
1.47%***

 
-1.03%***

 
n/a

 
0.86%***

 
-0.70%***

 
n/a

 
3.40%***

 
3.46%***

 
n/a

 
n/a

   Ratio of Expenses **
 
1.00
 %
 
1.00
 %
 
n/a

 
1.00
 %
 
1.00
 %
 
n/a

 
0.85
 %
 
1.00
 %
 
n/a

 
n/a

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
* Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units,inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return for Investment Divisions with no assets at period end is calculated based on the total return of the underlying Fund less expenses that are charged directly to that Investment Division of the Separate Account.
** Annualized contract expenses of Investment Divisions of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded.
*** Total return is calculated from the effective date through the end of the reporting period. The effective date is the date when the optional benefit in the variable account was elected by a contract owner.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Commencement of operations February 6, 2012.
(b) Commencement of operations September 10, 2012.
(c) Commencement of operations April 29, 2013.
(d) Commencement of operations September 16, 2013.
(e) Commencement of operations April 28, 2014.
(f) The period is from January 1, 2016 through April 25, 2016, the date the Fund was acquired.  The respective acquisition can be found on page 65 of the Notes to Financial Statements. Unit values disclosed are as of April 22, 2016.

79
JNLNY Separate Account I
Notes to Financial Statements (continued)


Note 7 - Financial Highlights (continued)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/Epoch Global Shareholder Yield Fund (a)
 
JNL/FAMCO Flex Core Covered Call Fund (a)
 
JNL/Lazard International Strategic Equity Fund (c)
 
JNL/MC Frontier Markets 100 Index Fund (b) (f)
 
JNL/Neuberger Berman Currency Fund (b)
 
JNL/Neuberger Berman Risk Balanced Commodity Strategy Fund (e)
 
JNL/Nicholas Convertible Arbitrage Fund (a)
 
JNL/PIMCO Credit Income Fund (a)
 
JNL/PPM America Long Short Credit Fund (c)
 
JNL/T. Rowe Price Capital Appreciation Fund (d)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Investment Division data
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
3,417

 
$
10,560

 
$
3,620

 
$
—

 
$
857

 
$
491

 
$
8,030

 
$
11,667

 
$
861

 
$
39,493

   Units Outstanding (in thousands)
 
252

 
842

 
332

 
—

 
87

 
78

 
803

 
1,051

 
83

 
3,079

   Investment Income Ratio *
 
3.62
%
 
2.74
%
 
1.29
%
 
1.48
%
 
2.24
%
 
0.00
%
 
0.47
%
 
1.29
%
 
12.73
%
 
0.30
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
2,756

 
$
11,651

 
$
3,036

 
$
769

 
$
736

 
$
434

 
$
9,104

 
$
4,737

 
$
514

 
$
15,980

   Units Outstanding (in thousands)
 
216

 
994

 
262

 
89

 
73

 
76

 
932

 
441

 
55

 
1,330

   Investment Income Ratio *
 
1.67
%
 
1.99
%
 
1.01
%
 
17.42
%
 
1.84
%
 
0.00
%
 
1.17
%
 
2.27
%
 
3.29
%
 
0.03
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
2,947

 
$
8,762

 
$
892

 
$
756

 
$
744

 
$
126

 
$
6,133

 
$
2,599

 
$
476

 
$
3,540

   Units Outstanding (in thousands)
 
217

 
716

 
79

 
74

 
74

 
16

 
603

 
237

 
48

 
305

   Investment Income Ratio *
 
0.00
%
 
0.03
%
 
0.00
%
 
4.55
%
 
0.00
%
 
0.00
%
 
0.94
%
 
0.06
%
 
1.97
%
 
1.16
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
1,954

 
$
4,697

 
$
278

 
$
394

 
$
622

 
 n/a

 
$
3,463

 
$
1,124

 
$
257

 
$
530

   Units Outstanding (in thousands)
 
151

 
413

 
24

 
32

 
64

 
n/a

 
333

 
109

 
25

 
50

   Investment Income Ratio *
 
5.38
%
 
2.12
%
 
0.00
%
 
0.00
%
 
1.42
%
 
n/a

 
0.01
%
 
1.99
%
 
0.00
%
 
0.52
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
141

 
$
1,104

 
 n/a

 
$
1

 
$
184

 
 n/a

 
$
1,101

 
$
640

 
 n/a

 
 n/a

   Units Outstanding (in thousands)
 
13

 
108

 
n/a

 
—

 
18

 
n/a

 
108

 
61

 
n/a

 
n/a

   Investment Income Ratio *
 
4.29
%
 
2.91
%
 
n/a

 
0.00
%
 
0.00
%
 
n/a

 
0.00
%
 
1.92
%
 
n/a

 
n/a

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
*    These amounts represent the dividends, excluding distributions of capital gains, received by the Investment Division from the underlying Fund divided by the average net assets.  In some instances, the investment income ratio may be rounded to 0.00% even though the Investment Division received dividend income from the underlying Fund.
(a) Commencement of operations February 6, 2012.
(b) Commencement of operations September 10, 2012.
(c) Commencement of operations April 29, 2013.
(d) Commencement of operations September 16, 2013.
(e) Commencement of operations April 28, 2014.
(f) The period is from January 1, 2016 through April 25, 2016, the date the Fund was acquired.  The respective acquisition can be found on page 65 of the Notes to Financial Statements.


80
JNLNY Separate Account I
Notes to Financial Statements (continued)


Note 7 - Financial Highlights (continued)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/The Boston Company Equity Income Fund (a)
 
JNL/The London Company Focused U.S. Equity Fund (c)
 
JNL/Van Eck International Gold Fund (b)
 
JNL/WCM Focused International Equity Fund (c)
 
JNL Alt 65 Fund - A
 
JNL Disciplined Growth Fund - A
 
JNL Disciplined Moderate Fund - A
 
JNL Disciplined Moderate Growth Fund - A
 
JNL Institutional Alt 20 Fund - A
 
JNL Institutional Alt 35 Fund - A
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Highest expense ratio
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
18.067758

 
$
12.533609

 
$
4.696920

 
$
10.593039

 
$
15.717759

 
$
10.789349

 
$
11.889426

 
$
11.654718

 
$
15.427889

 
$
15.791755

   Total Return *
 
17.08
 %
 
15.21
 %
 
51.16
 %
 
-1.12
 %
 
0.64
 %
 
5.36
 %
 
4.54
 %
 
4.92
 %
 
3.36
 %
 
2.66
 %
   Ratio of Expenses **
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
2.56
 %
 
2.56
 %
 
2.57
 %
 
2.46
 %
 
2.56
 %
 
2.46
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
15.431350

 
$
10.879032

 
$
3.107312

 
$
10.713150

 
$
15.617926

 
$
10.240816

 
$
11.372665

 
$
11.108196

 
$
14.925908

 
$
15.382780

   Total Return *
 
-2.94
 %
 
-2.64
 %
 
-27.51
 %
 
4.47
 %
 
-4.29
 %
 
-5.09
 %
 
-4.30
 %
 
-4.38
 %
 
-4.71
 %
 
-4.66
 %
   Ratio of Expenses **
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
2.56
 %
 
2.56
 %
 
2.57
 %
 
2.46
 %
 
2.56
 %
 
2.46
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
15.899410

 
$
11.174001

 
$
4.286291

 
$
10.254878

 
$
16.317361

 
$
10.790542

 
$
11.883565

 
$
11.616939

 
$
15.663060

 
$
16.134780

   Total Return *
 
9.69
 %
 
2.23
 %
 
-7.30
 %
 
-2.17
 %
 
-0.93
 %
 
2.33
 %
 
2.68
 %
 
2.51
 %
 
-0.37
 %
 
-0.57
 %
   Ratio of Expenses **
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
2.56
 %
 
2.56
 %
 
2.57
 %
 
2.46
 %
 
2.56
 %
 
2.46
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
14.494422

 
$
10.930253

 
$
4.623618

 
$
10.481868

 
$
16.470486

 
$
10.545024

 
$
11.573814

 
$
11.332690

 
$
15.720968

 
$
16.227927

   Total Return *
 
35.12
 %
 
9.47%***

 
-48.54
 %
 
6.50%***

 
6.73
 %
 
20.92
 %
 
14.14
 %
 
19.70
 %
 
11.00
 %
 
9.72
 %
   Ratio of Expenses **
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
2.56
 %
 
2.56
 %
 
2.57
 %
 
2.46
 %
 
2.56
 %
 
2.46
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
10.727021

 
 n/a

 
$
8.985544

 
 n/a

 
$
15.432167

 
$
8.720397

 
$
10.140190

 
$
9.467785

 
$
14.163042

 
$
14.789750

   Total Return *
 
11.78%***

 
n/a

 
-15.10%***

 
n/a

 
8.14
 %
 
11.68
 %
 
10.42
 %
 
11.43
 %
 
6.71%***

 
8.62
 %
   Ratio of Expenses **
 
1.25
 %
 
n/a

 
1.25
 %
 
n/a

 
2.56
 %
 
2.56
 %
 
2.57
 %
 
2.46
 %
 
2.56
 %
 
2.46
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
* Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units,inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return for Investment Divisions with no assets at period end is calculated based on the total return of the underlying Fund less expenses that are charged directly to that Investment Division of the Separate Account.
** Annualized contract expenses of Investment Divisions of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded.
*** Total return is calculated from the effective date through the end of the reporting period. The effective date is the date when the optional benefit in the variable account was elected by a contract owner.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Commencement of operations February 6, 2012.
(b) Commencement of operations September 10, 2012.
(c) Commencement of operations September 16, 2013.
 

81
JNLNY Separate Account I
Notes to Financial Statements (continued)


Note 7 - Financial Highlights (continued)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/The Boston Company Equity Income Fund (a)
 
JNL/The London Company Focused U.S. Equity Fund (c)
 
JNL/Van Eck International Gold Fund (b)
 
JNL/WCM Focused International Equity Fund (c)
 
JNL Alt 65 Fund - A
 
JNL Disciplined Growth Fund - A
 
JNL Disciplined Moderate Fund - A
 
JNL Disciplined Moderate Growth Fund - A
 
JNL Institutional Alt 20 Fund - A
 
JNL Institutional Alt 35 Fund - A
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Lowest expense ratio
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
18.425261

 
$
12.699433

 
$
4.778462

 
$
10.733194

 
$
17.733580

 
$
12.665227

 
$
13.968929

 
$
13.544695

 
$
17.140142

 
$
17.475126

   Total Return *
 
17.55
%
 
13.44%***

 
51.76
 %
 
-0.73
 %
 
2.22
%
 
7.06
 %
 
6.25
 %
 
6.51
 %
 
4.78
 %
 
4.01
 %
   Ratio of Expenses **
 
0.85
%
 
0.85
 %
 
0.85
 %
 
0.85
 %
 
1.00
%
 
0.95
 %
 
0.95
 %
 
0.95
 %
 
1.20
 %
 
1.15
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
15.674033

 
$
10.941439

 
$
3.148663

 
$
10.811670

 
$
17.348920

 
$
11.829843

 
$
13.147557

 
$
12.716539

 
$
16.358927

 
$
16.801610

   Total Return *
 
1.98%***

 
-2.40
 %
 
-27.22
 %
 
4.89
 %
 
-6.12%***

 
-3.55
 %
 
-2.74
 %
 
-2.92
 %
 
-3.40
 %
 
-3.40
 %
   Ratio of Expenses **
 
0.85
%
 
1.00
 %
 
0.85
 %
 
0.85
 %
 
1.00
%
 
0.95
 %
 
0.95
 %
 
0.95
 %
 
1.20
 %
 
1.15
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
16.015559

 
$
11.210045

 
$
4.325990

 
$
10.307884

 
$
17.641612

 
$
12.265779

 
$
13.517452

 
$
13.099668

 
$
16.934824

 
$
17.393606

   Total Return *
 
9.97
%
 
2.49
 %
 
-6.92
 %
 
-1.46%***

 
-0.74%***

 
3.99
 %
 
4.35
 %
 
4.07
 %
 
0.99
 %
 
-0.16%***

   Ratio of Expenses **
 
1.00
%
 
1.00
 %
 
0.85
 %
 
0.85
 %
 
1.20
%
 
0.95
 %
 
0.95
 %
 
0.95
 %
 
1.20
 %
 
1.15
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
14.563853

 
$
10.938148

 
$
4.647816

 
$
10.490219

 
$
17.524884

 
$
11.795248

 
$
12.953616

 
$
12.587668

 
$
16.768105

 
$
17.144008

   Total Return *
 
35.46
%
 
9.74%***

 
-20.24%***

 
2.57%***

 
8.13
%
 
22.89
 %
 
16.00
 %
 
21.52
 %
 
12.52
 %
 
8.33%***

   Ratio of Expenses **
 
1.00
%
 
1.00
 %
 
0.85
 %
 
1.00
 %
 
1.25
%
 
0.95
 %
 
0.95
 %
 
0.95
 %
 
1.20
 %
 
1.30
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
10.751499

 
 n/a

 
$
8.992422

 
 n/a

 
$
16.206761

 
$
9.598504

 
$
11.166780

 
$
10.358582

 
$
14.902370

 
$
15.416154

   Total Return *
 
15.43%***

 
n/a

 
-12.71%***

 
n/a

 
9.56
%
 
13.50
 %
 
12.23
 %
 
13.13
 %
 
9.82
 %
 
9.83
 %
   Ratio of Expenses **
 
1.00
%
 
n/a

 
1.00
 %
 
n/a

 
1.25
%
 
0.95
 %
 
0.95
 %
 
0.95
 %
 
1.20
 %
 
1.35
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
* Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units,inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return for Investment Divisions with no assets at period end is calculated based on the total return of the underlying Fund less expenses that are charged directly to that Investment Division of the Separate Account.
** Annualized contract expenses of Investment Divisions of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded.
*** Total return is calculated from the effective date through the end of the reporting period. The effective date is the date when the optional benefit in the variable account was elected by a contract owner.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Commencement of operations February 6, 2012.
(b) Commencement of operations September 10, 2012.
(c) Commencement of operations September 16, 2013.
 

82
JNLNY Separate Account I
Notes to Financial Statements (continued)


Note 7 - Financial Highlights (continued)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/The Boston Company Equity Income Fund (a)
 
JNL/The London Company Focused U.S. Equity Fund (c)
 
JNL/Van Eck International Gold Fund (b)
 
JNL/WCM Focused International Equity Fund (c)
 
JNL Alt 65 Fund - A
 
JNL Disciplined Growth Fund - A
 
JNL Disciplined Moderate Fund - A
 
JNL Disciplined Moderate Growth Fund - A
 
JNL Institutional Alt 20 Fund - A
 
JNL Institutional Alt 35 Fund - A
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Investment Division data
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
14,423

 
$
1,404

 
$
3,051

 
$
1,160

 
$
15,730

 
$
50,382

 
$
91,382

 
$
113,671

 
$
77,722

 
$
75,303

   Units Outstanding (in thousands)
 
790

 
111

 
644

 
109

 
915

 
4,210

 
6,921

 
8,879

 
4,646

 
4,449

   Investment Income Ratio *
 
1.01
%
 
0.64
%
 
0.68
%
 
0.09
%
 
0.00
%
 
0.00
%
 
0.00
%
 
0.00
%
 
0.00
%
 
0.00
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
12,552

 
$
861

 
$
1,398

 
$
779

 
$
17,691

 
$
48,060

 
$
84,073

 
$
99,289

 
$
76,882

 
$
84,508

   Units Outstanding (in thousands)
 
807

 
79

 
447

 
72

 
1,049

 
4,281

 
6,740

 
8,228

 
4,804

 
5,175

   Investment Income Ratio *
 
0.89
%
 
0.21
%
 
3.67
%
 
0.03
%
 
1.88
%
 
2.44
%
 
2.46
%
 
2.47
%
 
2.32
%
 
2.29
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
4,351

 
$
624

 
$
1,326

 
$
486

 
$
15,670

 
$
47,102

 
$
79,706

 
$
92,863

 
$
83,313

 
$
95,505

   Units Outstanding (in thousands)
 
272

 
56

 
308

 
47

 
907

 
4,024

 
6,188

 
7,431

 
5,013

 
5,630

   Investment Income Ratio *
 
0.08
%
 
0.03
%
 
0.30
%
 
0.00
%
 
1.46
%
 
1.70
%
 
2.22
%
 
1.87
%
 
1.81
%
 
1.64
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
2,481

 
$
135

 
$
672

 
$
23

 
$
18,921

 
$
32,238

 
$
69,637

 
$
78,307

 
$
74,335

 
$
93,592

   Units Outstanding (in thousands)
 
171

 
12

 
145

 
2

 
1,096

 
2,849

 
5,610

 
6,488

 
4,503

 
5,536

   Investment Income Ratio *
 
1.71
%
 
0.00
%
 
0.23
%
 
0.00
%
 
0.65
%
 
1.02
%
 
1.37
%
 
1.19
%
 
2.10
%
 
1.79
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
258

 
 n/a

 
$
182

 
 n/a

 
$
42,386

 
$
17,076

 
$
49,738

 
$
51,479

 
$
57,285

 
$
65,669

   Units Outstanding (in thousands)
 
24

 
n/a

 
20

 
n/a

 
2,641

 
1,847

 
4,626

 
5,144

 
3,894

 
4,299

   Investment Income Ratio *
 
2.90
%
 
n/a

 
0.00
%
 
n/a

 
2.42
%
 
1.18
%
 
1.53
%
 
1.44
%
 
1.64
%
 
1.85
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
*    These amounts represent the dividends, excluding distributions of capital gains, received by the Investment Division from the underlying Fund divided by the average net assets.  In some instances, the investment income ratio may be rounded to 0.00% even though the Investment Division received dividend income from the underlying Fund.
(a) Commencement of operations February 6, 2012.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(b) Commencement of operations September 10, 2012.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(c) Commencement of operations September 16, 2013.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


83
JNLNY Separate Account I
Notes to Financial Statements (continued)


Note 7 - Financial Highlights (continued)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL Institutional Alt 50 Fund - A
 
JNL Multi-Manager Alternative Fund - A (c)
 
JNL Multi-Manager Mid Cap Fund - A(d)
 
JNL Multi-Manager Small Cap Growth Fund - A
 
JNL Multi-Manager Small Cap Value Fund - A
 
JNL/AB Dynamic Asset Allocation Fund - A (b)
 
JNL/American Funds Balanced Allocation Fund - A (a)
 
JNL/American Funds Blue Chip Income and Growth Fund - A
 
JNL/American Funds Global Bond Fund - A
 
JNL/American Funds Global Small Capitalization Fund - A
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Highest expense ratio
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
15.498787

 
$
9.521581

 
$
10.620192

 
$
28.603061

 
$
16.956846

 
$
10.156388

 
$
12.001707

 
$
17.213313

 
$
9.199416

 
$
11.827682

   Total Return *
 
1.48
 %
 
0.34
%
 
1.38%***

 
2.71
 %
 
20.23
 %
 
2.66
 %
 
4.81
%
 
15.47
 %
 
-0.50
 %
 
-0.81
 %
   Ratio of Expenses **
 
2.56
 %
 
1.25
%
 
1.65
%
 
2.92
 %
 
2.92
 %
 
1.25
 %
 
2.395
%
 
2.46
 %
 
2.81
 %
 
2.56
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
15.273454

 
$
9.489056

 
 n/a

 
$
27.848275

 
$
14.104043

 
$
9.893266

 
$
11.451350

 
$
14.906859

 
$
9.246058

 
$
11.923689

   Total Return *
 
-4.53
 %
 
-3.11%***

 
n/a

 
-7.42
 %
 
-12.05
 %
 
-2.91
 %
 
0.00%***

 
-5.67
 %
 
-6.89
 %
 
-2.57
 %
   Ratio of Expenses **
 
2.56
 %
 
1.25
%
 
n/a

 
2.92
 %
 
2.92
 %
 
1.25
 %
 
2.395
%
 
2.46
 %
 
2.81
 %
 
2.56
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
15.997925

 
 n/a

 
 n/a

 
$
30.079750

 
$
16.035604

 
$
10.190133

 
$
11.769809

 
$
15.802258

 
$
9.930369

 
$
12.238466

   Total Return *
 
-0.71
 %
 
n/a

 
n/a

 
-0.16
 %
 
-2.73
 %
 
-1.31%***

 
0.64%***

 
12.20
 %
 
-1.63
 %
 
-0.77
 %
   Ratio of Expenses **
 
2.56
 %
 
n/a

 
n/a

 
2.92
 %
 
2.92
 %
 
1.25
 %
 
2.32
%
 
2.46
 %
 
2.81
 %
 
2.56
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
16.112535

 
 n/a

 
 n/a

 
$
30.128593

 
$
16.486449

 
 n/a

 
$
11.555447

 
$
14.084479

 
$
10.094860

 
$
12.333247

   Total Return *
 
7.56
 %
 
n/a

 
n/a

 
26.72
 %
 
30.52
 %
 
n/a

 
12.63
%
 
29.21
 %
 
-5.64
 %
 
24.67
 %
   Ratio of Expenses **
 
2.56
 %
 
n/a

 
n/a

 
2.92
 %
 
2.92
 %
 
n/a

 
2.31
%
 
2.46
 %
 
2.81
 %
 
2.56
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
14.979408

 
 n/a

 
 n/a

 
$
23.775844

 
$
12.631682

 
 n/a

 
$
10.260003

 
$
10.900227

 
$
10.698246

 
$
9.893015

   Total Return *
 
8.07
 %
 
n/a

 
n/a

 
10.55
 %
 
14.23
 %
 
n/a

 
8.40%***

 
10.67
 %
 
2.82
 %
 
10.28%***

   Ratio of Expenses **
 
2.56
 %
 
n/a

 
n/a

 
2.92
 %
 
2.92
 %
 
n/a

 
2.31
%
 
2.46
 %
 
2.81
 %
 
2.56
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
* Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units,inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return for Investment Divisions with no assets at period end is calculated based on the total return of the underlying Fund less expenses that are charged directly to that Investment Division of the Separate Account.
** Annualized contract expenses of Investment Divisions of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded.
*** Total return is calculated from the effective date through the end of the reporting period. The effective date is the date when the optional benefit in the variable account was elected by a contract owner.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Commencement of operations April 30, 2012.
(b) Commencement of operations April 28, 2014.
(c) Commencement of operations April 27, 2015.
(d) Commencement of operations September 19, 2016.
 

84
JNLNY Separate Account I
Notes to Financial Statements (continued)


Note 7 - Financial Highlights (continued)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL Institutional Alt 50 Fund - A
 
JNL Multi-Manager Alternative Fund - A (c)
 
JNL Multi-Manager Mid Cap Fund - A(d)
 
JNL Multi-Manager Small Cap Growth Fund - A
 
JNL Multi-Manager Small Cap Value Fund - A
 
JNL/AB Dynamic Asset Allocation Fund - A (b)
 
JNL/American Funds Balanced Allocation Fund - A (a)
 
JNL/American Funds Blue Chip Income and Growth Fund - A
 
JNL/American Funds Global Bond Fund - A
 
JNL/American Funds Global Small Capitalization Fund - A
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Lowest expense ratio
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
17.222595

 
$
9.585672

 
$
10.640246

 
$
43.533089

 
$
21.584991

 
$
10.265594

 
$
12.660686

 
$
18.719693

 
$
10.240755

 
$
12.949356

   Total Return *
 
2.86
 %
 
0.74
%
 
7.16%***

 
4.85
%
 
22.73
 %
 
3.07
%
 
6.01
 %
 
16.93
 %
 
1.11
 %
 
0.55
 %
   Ratio of Expenses **
 
1.20
 %
 
0.85
%
 
1.00
%
 
0.85
%
 
0.85
 %
 
0.85
%
 
1.25
 %
 
1.20
 %
 
1.20
 %
 
1.20
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
16.743560

 
$
9.514887

 
 n/a

 
$
41.518296

 
$
17.586708

 
$
9.959834

 
$
11.942954

 
$
16.008925

 
$
10.128721

 
$
12.878624

   Total Return *
 
-3.22
 %
 
-1.80%***

 
n/a

 
-0.67%***

 
-10.21
 %
 
-4.28%***

 
-1.39
 %
 
-4.47
 %
 
-5.38
 %
 
-1.24
 %
   Ratio of Expenses **
 
1.20
 %
 
0.85
%
 
n/a

 
0.85
%
 
0.85
 %
 
0.85
%
 
1.25
 %
 
1.20
 %
 
1.20
 %
 
1.20
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
17.300850

 
 n/a

 
 n/a

 
$
41.965265

 
$
19.585550

 
$
10.207381

 
$
12.111004

 
$
16.757992

 
$
10.704602

 
$
13.040099

   Total Return *
 
0.65
 %
 
n/a

 
n/a

 
1.67
%
 
-0.70
 %
 
0.81%***

 
2.36%***

 
13.62
 %
 
-0.03
 %
 
0.59
 %
   Ratio of Expenses **
 
1.20
 %
 
n/a

 
n/a

 
1.10
%
 
0.85
 %
 
1.00
%
 
1.25
 %
 
1.20
 %
 
1.20
 %
 
1.20
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
17.189416

 
 n/a

 
 n/a

 
$
41.275268

 
$
19.723682

 
 n/a

 
$
11.742381

 
$
14.749397

 
$
10.708113

 
$
12.963556

   Total Return *
 
9.04
 %
 
n/a

 
n/a

 
29.05
%
 
2.40%***

 
n/a

 
13.71
 %
 
30.85
 %
 
-4.11
 %
 
26.37
 %
   Ratio of Expenses **
 
1.20
 %
 
n/a

 
n/a

 
1.10
%
 
0.85
 %
 
n/a

 
1.35
 %
 
1.20
 %
 
1.20
 %
 
1.20
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
15.764688

 
 n/a

 
 n/a

 
$
31.984710

 
$
14.633484

 
 n/a

 
$
10.326225

 
$
11.271931

 
$
11.166907

 
$
10.258146

   Total Return *
 
9.55
 %
 
n/a

 
n/a

 
8.78
%
 
11.16%***

 
n/a

 
5.95%***

 
12.07
 %
 
4.50
 %
 
16.49
 %
   Ratio of Expenses **
 
1.20
 %
 
n/a

 
n/a

 
1.10
%
 
1.00
 %
 
n/a

 
1.35
 %
 
1.20
 %
 
1.20
 %
 
1.20
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
* Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units,inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return for Investment Divisions with no assets at period end is calculated based on the total return of the underlying Fund less expenses that are charged directly to that Investment Division of the Separate Account.
** Annualized contract expenses of Investment Divisions of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded.
*** Total return is calculated from the effective date through the end of the reporting period. The effective date is the date when the optional benefit in the variable account was elected by a contract owner.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Commencement of operations April 30, 2012.
(b) Commencement of operations April 28, 2014.
(c) Commencement of operations April 27, 2015.
(d) Commencement of operations September 19, 2016.
 

85
JNLNY Separate Account I
Notes to Financial Statements (continued)


Note 7 - Financial Highlights (continued)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL Institutional Alt 50 Fund - A
 
JNL Multi-Manager Alternative Fund - A (c)
 
JNL Multi-Manager Mid Cap Fund - A(d)
 
JNL Multi-Manager Small Cap Growth Fund - A
 
JNL Multi-Manager Small Cap Value Fund - A
 
JNL/AB Dynamic Asset Allocation Fund - A (b)
 
JNL/American Funds Balanced Allocation Fund - A (a)
 
JNL/American Funds Blue Chip Income and Growth Fund - A
 
JNL/American Funds Global Bond Fund - A
 
JNL/American Funds Global Small Capitalization Fund - A
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Investment Division data
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
105,472

 
$
647

 
$
365

 
$
66,238

 
$
46,680

 
$
2,670

 
$
89,820

 
$
197,215

 
$
26,050

 
$
29,090

   Units Outstanding (in thousands)
 
6,298

 
68

 
34

 
1,762

 
2,327

 
262

 
7,191

 
10,801

 
2,604

 
2,299

   Investment Income Ratio *
 
0.00
%
 
0.35
%
 
0.00
%
 
0.00
%
 
0.66
%
 
0.00
%
 
0.00
%
 
0.00
%
 
0.00
%
 
0.00
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
111,009

 
$
469

 
 n/a

 
$
70,079

 
$
38,893

 
$
2,234

 
$
64,398

 
$
132,011

 
$
24,592

 
$
28,735

   Units Outstanding (in thousands)
 
6,794

 
49

 
n/a

 
1,948

 
2,369

 
225

 
5,454

 
8,427

 
2,479

 
2,277

   Investment Income Ratio *
 
2.26
%
 
0.00
%
 
n/a

 
0.00
%
 
0.32
%
 
0.00
%
 
1.28
%
 
2.45
%
 
1.31
%
 
0.00
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
123,667

 
 n/a

 
 n/a

 
$
74,057

 
$
47,879

 
$
1,576

 
$
40,269

 
$
127,385

 
$
25,887

 
$
23,636

   Units Outstanding (in thousands)
 
7,301

 
n/a

 
n/a

 
1,933

 
2,608

 
154

 
3,354

 
7,747

 
2,462

 
1,844

   Investment Income Ratio *
 
1.56
%
 
n/a

 
n/a

 
0.00
%
 
0.41
%
 
1.32
%
 
1.03
%
 
1.25
%
 
0.01
%
 
0.22
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
114,337

 
 n/a

 
 n/a

 
$
71,984

 
$
36,575

 
 n/a

 
$
22,788

 
$
69,306

 
$
21,683

 
$
20,367

   Units Outstanding (in thousands)
 
6,768

 
n/a

 
n/a

 
1,910

 
1,973

 
n/a

 
1,948

 
4,763

 
2,054

 
1,592

   Investment Income Ratio *
 
1.32
%
 
n/a

 
n/a

 
0.08
%
 
0.93
%
 
n/a

 
0.88
%
 
1.19
%
 
2.13
%
 
0.67
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
94,136

 
 n/a

 
 n/a

 
$
46,089

 
$
22,557

 
 n/a

 
$
5,737

 
$
40,132

 
$
20,921

 
$
13,337

   Units Outstanding (in thousands)
 
6,055

 
n/a

 
n/a

 
1,576

 
1,615

 
n/a

 
557

 
3,594

 
1,893

 
1,313

   Investment Income Ratio *
 
1.94
%
 
n/a

 
n/a

 
0.00
%
 
0.27
%
 
n/a

 
0.00
%
 
1.02
%
 
1.98
%
 
0.74
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
*    These amounts represent the dividends, excluding distributions of capital gains, received by the Investment Division from the underlying Fund divided by the average net assets.  In some instances, the investment income ratio may be rounded to 0.00% even though the Investment Division received dividend income from the underlying Fund.
(a) Commencement of operations April 30, 2012.
(b) Commencement of operations April 28, 2014.
(c) Commencement of operations April 27, 2015.
(d) Commencement of operations September 19, 2016.
 
 
 
 
 


86
JNLNY Separate Account I
Notes to Financial Statements (continued)


Note 7 - Financial Highlights (continued)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/American Funds Growth-Income Fund - A
 
JNL/American Funds Growth Allocation Fund - A (a)
 
JNL/American Funds International Fund - A
 
JNL/American Funds New World Fund - A
 
JNL/AQR Managed Futures Strategy Fund - A
 
JNL/BlackRock Global Allocation Fund - A
 
JNL/BlackRock Large Cap Select Growth Fund - A
 
JNL/BlackRock Natural Resources Fund - A
 
JNL/Boston Partners Global Long Short Equity Fund - A (b)
 
JNL/Brookfield Global Infrastructure and MLP Fund - A
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Highest expense ratio
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
16.279809

 
$
12.650225

 
$
10.570100

 
$
9.922050

 
$
9.634346

 
$
11.109566

 
$
30.654047

 
$
7.447066

 
$
10.353723

 
$
13.191223

   Total Return *
 
3.70%***

 
4.90
 %
 
0.46
 %
 
2.27
 %
 
-10.66
 %
 
1.35
 %
 
-2.46
 %
 
22.72
 %
 
0.69
%
 
9.84
 %
   Ratio of Expenses **
 
2.80
 %
 
2.42
 %
 
2.595
 %
 
2.56
 %
 
2.32
 %
 
2.56
 %
 
2.95
 %
 
3.06
 %
 
1.25
%
 
2.46
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
15.365214

 
$
12.059572

 
$
10.521271

 
$
9.701383

 
$
10.783332

 
$
10.961929

 
$
31.428639

 
$
6.068285

 
$
10.282456

 
$
12.009328

   Total Return *
 
-1.44
 %
 
-2.03
 %
 
-7.28
 %
 
-6.01
 %
 
-7.76%***

 
-3.84
 %
 
3.14
 %
 
-26.04
 %
 
4.67
%
 
-20.53
 %
   Ratio of Expenses **
 
2.46
 %
 
2.42
 %
 
2.595
 %
 
2.56
 %
 
2.32
 %
 
2.56
 %
 
2.95
 %
 
3.06
 %
 
1.25
%
 
2.46
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
15.589418

 
$
12.309648

 
$
11.346974

 
$
10.321385

 
$
11.192544

 
$
11.399499

 
$
30.470480

 
$
8.205309

 
$
9.823942

 
$
15.111540

   Total Return *
 
7.51
 %
 
1.58
 %
 
-5.52
 %
 
-10.53
 %
 
7.73
 %
 
-0.72
 %
 
5.72
 %
 
-16.83
 %
 
0.12%***

 
4.74
 %
   Ratio of Expenses **
 
2.46
 %
 
2.42
 %
 
2.595
 %
 
2.56
 %
 
1.25
 %
 
2.56
 %
 
2.95
 %
 
3.06
 %
 
1.25
%
 
2.46
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
14.500602

 
$
12.118027

 
$
12.010254

 
$
11.536518

 
$
10.389215

 
$
11.482345

 
$
28.821772

 
$
9.865909

 
 n/a

 
$
14.427859

   Total Return *
 
29.70
 %
 
17.97
 %
 
18.00
 %
 
8.08
 %
 
5.75
 %
 
11.42
 %
 
34.95
 %
 
6.21
 %
 
n/a

 
20.43
 %
   Ratio of Expenses **
 
2.46
 %
 
2.42
 %
 
2.595
 %
 
2.56
 %
 
1.25
 %
 
2.56
 %
 
2.95
 %
 
3.06
 %
 
n/a

 
2.46
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
11.179782

 
$
10.271827

 
$
10.178122

 
$
10.673864

 
$
9.823886

 
$
10.305240

 
$
21.357364

 
$
9.289162

 
 n/a

 
$
11.979817

   Total Return *
 
14.07
 %
 
1.49%***

 
14.39
 %
 
13.45%***

 
6.56%***

 
6.81
 %
 
7.39
 %
 
-2.26
 %
 
n/a

 
15.78
 %
   Ratio of Expenses **
 
2.46
 %
 
2.42
 %
 
2.595
 %
 
2.56
 %
 
1.25
 %
 
2.56
 %
 
2.95
 %
 
3.06
 %
 
n/a

 
2.46
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
* Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units,inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return for Investment Divisions with no assets at period end is calculated based on the total return of the underlying Fund less expenses that are charged directly to that Investment Division of the Separate Account.
** Annualized contract expenses of Investment Divisions of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded.
*** Total return is calculated from the effective date through the end of the reporting period. The effective date is the date when the optional benefit in the variable account was elected by a contract owner.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Commencement of operations April 30, 2012.
(b) Commencement of operations September 15, 2014.
 


87
JNLNY Separate Account I
Notes to Financial Statements (continued)


Note 7 - Financial Highlights (continued)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/American Funds Growth-Income Fund - A
 
JNL/American Funds Growth Allocation Fund - A (a)
 
JNL/American Funds International Fund - A
 
JNL/American Funds New World Fund - A
 
JNL/AQR Managed Futures Strategy Fund - A
 
JNL/BlackRock Global Allocation Fund - A
 
JNL/BlackRock Large Cap Select Growth Fund - A
 
JNL/BlackRock Natural Resources Fund - A
 
JNL/Boston Partners Global Long Short Equity Fund - A (b)
 
JNL/Brookfield Global Infrastructure and MLP Fund - A
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Lowest expense ratio
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
18.539479

 
$
13.454302

 
$
11.873109

 
$
10.862749

 
$
10.420820

 
$
12.355962

 
$
44.764329

 
$
9.279231

 
$
10.449005

 
$
14.310153

   Total Return *
 
10.15
%
 
6.29
%
 
2.23
 %
 
3.67
 %
 
-9.34
 %
 
3.09
 %
 
-0.75
 %
 
25.46
 %
 
1.10
%
 
11.63
 %
   Ratio of Expenses **
 
0.85
%
 
1.10
%
 
0.85
 %
 
1.20
 %
 
0.85
 %
 
0.85
 %
 
1.20
 %
 
0.85
 %
 
0.85
%
 
0.85
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
16.831668

 
$
12.658356

 
$
11.614360

 
$
10.478207

 
$
11.493821

 
$
11.985592

 
$
45.101406

 
$
7.396392

 
$
10.335772

 
$
12.818939

   Total Return *
 
0.16
%
 
-4.92%***

 
-5.65
 %
 
-4.72
 %
 
1.33
 %
 
-2.18
 %
 
4.97
 %
 
-24.39
 %
 
5.09
%
 
-19.24
 %
   Ratio of Expenses **
 
0.85
%
 
1.10
%
 
0.85
 %
 
1.20
 %
 
0.85
 %
 
0.85
 %
 
1.20
 %
 
0.85
 %
 
0.85
%
 
0.85
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
16.804671

 
$
12.700410

 
$
12.309618

 
$
10.997262

 
$
11.343225

 
$
12.252701

 
$
42.967791

 
$
9.782508

 
$
9.835465

 
$
15.872384

   Total Return *
 
9.25
%
 
2.78
%
 
-4.74%***

 
-9.31
 %
 
8.16
 %
 
0.99
 %
 
7.59
 %
 
-14.97
 %
 
0.17%***

 
6.44
 %
   Ratio of Expenses **
 
0.85
%
 
1.25
%
 
0.85
 %
 
1.20
 %
 
0.85
 %
 
0.85
 %
 
1.20
 %
 
0.85
 %
 
0.85
%
 
0.85
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
15.381271

 
$
12.357278

 
$
12.733397

 
$
12.125908

 
$
10.487045

 
$
12.132492

 
$
39.937760

 
$
11.505214

 
 n/a

 
$
14.912229

   Total Return *
 
22.13%***

 
14.79%***

 
7.46%***

 
9.56
 %
 
6.18
 %
 
9.10%***

 
37.33
 %
 
8.58
 %
 
n/a

 
22.39
 %
   Ratio of Expenses **
 
0.85
%
 
1.25
%
 
1.00
 %
 
1.20
 %
 
0.85
 %
 
0.85
 %
 
1.20
 %
 
0.85
 %
 
n/a

 
0.85
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
11.622914

 
$
10.346059

 
$
10.563954

 
$
11.067687

 
$
9.876802

 
$
10.668681

 
$
29.081001

 
$
10.595859

 
 n/a

 
$
12.184240

   Total Return *
 
-0.19%***

 
2.62%***

 
-1.86
 %
 
15.97
 %
 
3.82%***

 
0.79%***

 
9.29
 %
 
14.31%***

 
n/a

 
13.75%***

   Ratio of Expenses **
 
1.00
%
 
1.35
%
 
1.20
 %
 
1.20
 %
 
0.85
 %
 
1.00
 %
 
1.20
 %
 
0.85
 %
 
n/a

 
0.85
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
* Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units,inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return for Investment Divisions with no assets at period end is calculated based on the total return of the underlying Fund less expenses that are charged directly to that Investment Division of the Separate Account.
** Annualized contract expenses of Investment Divisions of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded.
*** Total return is calculated from the effective date through the end of the reporting period. The effective date is the date when the optional benefit in the variable account was elected by a contract owner.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Commencement of operations April 30, 2012.
(b) Commencement of operations September 15, 2014.
 


88
JNLNY Separate Account I
Notes to Financial Statements (continued)


Note 7 - Financial Highlights (continued)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/American Funds Growth-Income Fund - A
 
JNL/American Funds Growth Allocation Fund - A (a)
 
JNL/American Funds International Fund - A
 
JNL/American Funds New World Fund - A
 
JNL/AQR Managed Futures Strategy Fund - A
 
JNL/BlackRock Global Allocation Fund - A
 
JNL/BlackRock Large Cap Select Growth Fund - A
 
JNL/BlackRock Natural Resources Fund - A
 
JNL/Boston Partners Global Long Short Equity Fund - A (b)
 
JNL/Brookfield Global Infrastructure and MLP Fund - A
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Investment Division data
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
221,610

 
$
60,576

 
$
61,369

 
$
42,808

 
$
13,526

 
$
175,942

 
$
107,743

 
$
57,142

 
$
1,700

 
$
66,179

   Units Outstanding (in thousands)
 
12,445

 
4,592

 
5,399

 
4,039

 
1,313

 
14,784

 
2,655

 
6,565

 
163

 
4,761

   Investment Income Ratio *
 
0.00
%
 
0.00
%
 
0.00
%
 
0.00
%
 
4.15
%
 
0.39
%
 
0.00
%
 
0.78
%
 
0.00
%
 
2.60
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
169,248

 
$
43,553

 
$
53,202

 
$
37,690

 
$
13,833

 
$
170,802

 
$
63,323

 
$
42,216

 
$
1,855

 
$
52,589

   Units Outstanding (in thousands)
 
10,413

 
3,497

 
4,760

 
3,677

 
1,215

 
14,721

 
1,572

 
6,050

 
180

 
4,197

   Investment Income Ratio *
 
0.79
%
 
1.12
%
 
0.88
%
 
0.87
%
 
9.65
%
 
2.12
%
 
0.00
%
 
0.49
%
 
0.00
%
 
1.73
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
128,384

 
$
29,908

 
$
37,524

 
$
34,440

 
$
6,589

 
$
150,194

 
$
40,302

 
$
47,648

 
$
273

 
$
67,480

   Units Outstanding (in thousands)
 
7,862

 
2,375

 
3,150

 
3,190

 
584

 
12,596

 
1,070

 
5,144

 
28

 
4,326

   Investment Income Ratio *
 
0.70
%
 
0.79
%
 
0.76
%
 
0.86
%
 
2.75
%
 
0.63
%
 
0.00
%
 
0.00
%
 
0.00
%
 
0.72
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
82,480

 
$
15,516

 
$
29,626

 
$
29,110

 
$
5,106

 
$
112,382

 
$
32,979

 
$
50,906

 
 n/a

 
$
28,526

   Units Outstanding (in thousands)
 
5,490

 
1,262

 
2,377

 
2,436

 
489

 
9,465

 
957

 
4,648

 
n/a

 
1,935

   Investment Income Ratio *
 
0.82
%
 
0.64
%
 
0.82
%
 
0.57
%
 
4.80
%
 
0.63
%
 
0.03
%
 
0.40
%
 
n/a

 
0.93
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
48,188

 
$
4,260

 
$
19,107

 
$
21,332

 
$
1,647

 
$
66,293

 
$
24,075

 
$
43,540

 
 n/a

 
$
4,763

   Units Outstanding (in thousands)
 
4,205

 
413

 
1,827

 
1,948

 
167

 
6,292

 
971

 
4,294

 
n/a

 
393

   Investment Income Ratio *
 
0.80
%
 
0.00
%
 
1.19
%
 
1.07
%
 
0.00
%
 
0.00
%
 
0.15
%
 
0.00
%
 
n/a

 
0.06
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
*    These amounts represent the dividends, excluding distributions of capital gains, received by the Investment Division from the underlying Fund divided by the average net assets.  In some instances, the investment income ratio may be rounded to 0.00% even though the Investment Division received dividend income from the underlying Fund.
(a) Commencement of operations April 30, 2012.
(b) Commencement of operations September 15, 2014.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


89
JNLNY Separate Account I
Notes to Financial Statements (continued)


Note 7 - Financial Highlights (continued)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/Capital Guardian Global Balanced Fund - A
 
JNL/Capital Guardian Global Diversified Research Fund - A(c)
 
JNL/Causeway International Value Select Fund - A
 
JNL/Crescent High Income Fund - A (b)
 
JNL/DFA U.S. Core Equity Fund - A
 
JNL/DoubleLine Emerging Markets Fixed Income Fund - A (b)
 
JNL/DoubleLine Shiller Enhanced CAPE Fund - A (a)
 
JNL/Eastspring Investments Asia ex-Japan Fund - A(c)
 
JNL/FPA + DoubleLine Flexible Allocation Fund - A
 
JNL/Franklin Templeton Founding Strategy Fund - A
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Highest expense ratio
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
9.174723

 
$
27.016840

 
$
8.407950

 
$
10.407317

 
$
19.109916

 
$
10.401099

 
$
12.863332

 
$
6.505233

 
$
11.301545

 
$
10.722914

   Total Return *
 
1.60
 %
 
3.72
 %
 
-3.59
 %
 
3.70%***

 
10.17
 %
 
3.77%***

 
17.42
%
 
2.81
 %
 
0.81
 %
 
10.17
 %
   Ratio of Expenses **
 
4.00
 %
 
2.92
 %
 
3.67
 %
 
2.00
%
 
3.45
 %
 
1.25
%
 
1.25
%
 
2.77
 %
 
2.81
 %
 
2.92
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
9.030447

 
$
26.047062

 
$
8.720820

 
 n/a

 
$
17.346364

 
 n/a

 
$
10.954685

 
$
6.327309

 
$
11.211279

 
$
9.732670

   Total Return *
 
-5.38
 %
 
-0.28
 %
 
-7.03
 %
 
n/a

 
-5.41
 %
 
n/a

 
3.11%***

 
-18.94
 %
 
-11.67
 %
 
-8.89
 %
   Ratio of Expenses **
 
4.00
 %
 
2.92
 %
 
3.67
 %
 
n/a

 
3.445
 %
 
n/a

 
1.25
%
 
2.77
 %
 
2.81
 %
 
2.92
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
9.544048

 
$
26.120657

 
$
9.379997

 
 n/a

 
$
18.339006

 
 n/a

 
 n/a

 
$
7.805575

 
$
12.692315

 
$
10.682032

   Total Return *
 
-3.40
 %
 
-0.60
 %
 
-13.76
 %
 
n/a

 
6.10
 %
 
n/a

 
n/a

 
2.77
 %
 
-6.70
 %
 
-0.29
 %
   Ratio of Expenses **
 
4.00
 %
 
2.92
 %
 
3.67
 %
 
n/a

 
3.445
 %
 
n/a

 
n/a

 
2.77
 %
 
2.81
 %
 
2.92
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
9.879777

 
$
26.277428

 
$
10.876593

 
 n/a

 
$
17.283979

 
 n/a

 
 n/a

 
$
7.594985

 
$
13.603059

 
$
10.712698

   Total Return *
 
11.02
 %
 
19.69
 %
 
17.10
 %
 
n/a

 
30.59
 %
 
n/a

 
n/a

 
-8.61
 %
 
20.23
 %
 
20.40
 %
   Ratio of Expenses **
 
4.00
 %
 
2.92
 %
 
3.67
 %
 
n/a

 
3.445
 %
 
n/a

 
n/a

 
2.77
 %
 
2.81
 %
 
2.92
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
8.899463

 
$
21.955160

 
$
9.288562

 
 n/a

 
$
13.235343

 
 n/a

 
 n/a

 
$
8.310648

 
$
11.314614

 
$
8.897691

   Total Return *
 
8.60
 %
 
13.65
 %
 
12.92
 %
 
n/a

 
9.84
 %
 
n/a

 
n/a

 
19.19
 %
 
14.00
 %
 
12.61
 %
   Ratio of Expenses **
 
4.00
 %
 
2.92
 %
 
3.67
 %
 
n/a

 
3.445
 %
 
n/a

 
n/a

 
2.77
 %
 
2.81
 %
 
2.92
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
* Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units,inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return for Investment Divisions with no assets at period end is calculated based on the total return of the underlying Fund less expenses that are charged directly to that Investment Division of the Separate Account.
** Annualized contract expenses of Investment Divisions of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded.
*** Total return is calculated from the effective date through the end of the reporting period. The effective date is the date when the optional benefit in the variable account was elected by a contract owner.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Commencement of operations September 28, 2015.
(b) Commencement of operations April 25, 2016.
(c) The period is from January 1, 2016 through April 25, 2016, the date the Fund was acquired.  The respective acquisitions can be found on page 65 of the Notes to Financial Statements. Unit values disclosed are as of April 22, 2016.


90
JNLNY Separate Account I
Notes to Financial Statements (continued)


Note 7 - Financial Highlights (continued)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/Capital Guardian Global Balanced Fund - A
 
JNL/Capital Guardian Global Diversified Research Fund - A(c)
 
JNL/Causeway International Value Select Fund - A
 
JNL/Crescent High Income Fund - A (b)
 
JNL/DFA U.S. Core Equity Fund - A
 
JNL/DoubleLine Emerging Markets Fixed Income Fund - A (b)
 
JNL/DoubleLine Shiller Enhanced CAPE Fund - A (a)
 
JNL/Eastspring Investments Asia ex-Japan Fund - A(c)
 
JNL/FPA + DoubleLine Flexible Allocation Fund - A
 
JNL/Franklin Templeton Founding Strategy Fund - A
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Lowest expense ratio
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
14.629811

 
$
38.736320

 
$
13.901670

 
$
10.479592

 
$
32.354345

 
$
10.429403

 
$
12.928069

 
$
7.641780

 
$
13.028217

 
$
12.724823

   Total Return *
 
4.47
 %
 
4.28
%
 
4.91%***

 
4.80%***

 
13.06
 %
 
-1.23%***

 
17.89
%
 
3.42
 %
 
2.80
 %
 
12.08
 %
   Ratio of Expenses **
 
1.20
 %
 
1.20
%
 
1.00
 %
 
1.00
%
 
0.85
 %
 
0.85
%
 
0.85
%
 
0.85
 %
 
0.85
 %
 
1.20
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
14.003186

 
$
37.148065

 
$
13.793209

 
 n/a

 
$
28.618220

 
 n/a

 
$
10.965968

 
$
7.388843

 
$
12.673972

 
$
11.353265

   Total Return *
 
-6.08%***

 
1.45
%
 
-4.61
 %
 
n/a

 
-2.93
 %
 
n/a

 
-2.27%***

 
-17.37
 %
 
-9.92
 %
 
-7.31
 %
   Ratio of Expenses **
 
1.20
 %
 
1.20
%
 
1.10
 %
 
n/a

 
0.85
 %
 
n/a

 
0.85
%
 
0.85
 %
 
0.85
 %
 
1.20
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
14.287424

 
$
36.617703

 
$
14.459347

 
 n/a

 
$
29.480814

 
 n/a

 
 n/a

 
$
8.941782

 
$
14.069742

 
$
12.248203

   Total Return *
 
-0.70
 %
 
1.13
%
 
-11.51
 %
 
n/a

 
8.89
 %
 
n/a

 
n/a

 
-0.64%***

 
-4.85
 %
 
1.44
 %
   Ratio of Expenses **
 
1.25
 %
 
1.20
%
 
1.10
 %
 
n/a

 
0.85
 %
 
n/a

 
n/a

 
0.85
 %
 
0.85
 %
 
1.20
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
14.388763

 
$
36.209240

 
$
16.340932

 
 n/a

 
$
27.073038

 
 n/a

 
 n/a

 
$
8.457573

 
$
14.786626

 
$
12.073890

   Total Return *
 
14.11
 %
 
21.76
%
 
20.15
 %
 
n/a

 
15.09%***

 
n/a

 
n/a

 
-6.98
 %
 
17.48%***

 
22.49
 %
   Ratio of Expenses **
 
1.25
 %
 
1.20
%
 
1.10
 %
 
n/a

 
0.85
 %
 
n/a

 
n/a

 
1.00
 %
 
0.85
 %
 
1.20
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
12.609448

 
$
29.737379

 
$
13.600982

 
 n/a

 
$
19.712406

 
 n/a

 
 n/a

 
$
9.092134

 
$
12.001718

 
$
9.857235

   Total Return *
 
11.63
 %
 
15.62%***

 
15.87
 %
 
n/a

 
1.42%***

 
n/a

 
n/a

 
6.96%***

 
2.38%***

 
14.57
 %
   Ratio of Expenses **
 
1.25
 %
 
1.20
%
 
1.10
 %
 
n/a

 
1.00
 %
 
n/a

 
n/a

 
1.00
 %
 
1.00
 %
 
1.20
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
* Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units,inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return for Investment Divisions with no assets at period end is calculated based on the total return of the underlying Fund less expenses that are charged directly to that Investment Division of the Separate Account.
** Annualized contract expenses of Investment Divisions of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded.
*** Total return is calculated from the effective date through the end of the reporting period. The effective date is the date when the optional benefit in the variable account was elected by a contract owner.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Commencement of operations September 28, 2015.
(b) Commencement of operations April 25, 2016.
(c) The period is from January 1, 2016 through April 25, 2016, the date the Fund was acquired.  The respective acquisitions can be found on page 65 of the Notes to Financial Statements. Unit values disclosed are as of April 22, 2016.

91
JNLNY Separate Account I
Notes to Financial Statements (continued)


Note 7 - Financial Highlights (continued)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/Capital Guardian Global Balanced Fund - A
 
JNL/Capital Guardian Global Diversified Research Fund - A(c)
 
JNL/Causeway International Value Select Fund - A
 
JNL/Crescent High Income Fund - A (b)
 
JNL/DFA U.S. Core Equity Fund - A
 
JNL/DoubleLine Emerging Markets Fixed Income Fund - A (b)
 
JNL/DoubleLine Shiller Enhanced CAPE Fund - A (a)
 
JNL/Eastspring Investments Asia ex-Japan Fund - A(c)
 
JNL/FPA + DoubleLine Flexible Allocation Fund - A
 
JNL/Franklin Templeton Founding Strategy Fund - A
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Investment Division data
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
21,326

 
$
—

 
$
33,489

 
$
3,045

 
$
50,897

 
$
306

 
$
3,608

 
$
—

 
$
85,557

 
$
84,938

   Units Outstanding (in thousands)
 
1,543

 
—

 
2,654

 
291

 
1,782

 
29

 
280

 
—

 
6,899

 
6,907

   Investment Income Ratio *
 
0.01
%
 
0.82
%
 
1.20
%
 
0.00
%
 
1.02
%
 
0.00
%
 
1.34
%
 
1.63
%
 
1.08
%
 
0.00
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
21,515

 
$
15,940

 
$
34,218

 
 n/a

 
$
38,576

 
 n/a

 
$
590

 
$
10,764

 
$
98,690

 
$
85,001

   Units Outstanding (in thousands)
 
1,624

 
485

 
2,679

 
n/a

 
1,523

 
n/a

 
54

 
1,539

 
8,128

 
7,726

   Investment Income Ratio *
 
0.74
%
 
0.89
%
 
3.35
%
 
n/a

 
0.92
%
 
n/a

 
0.00
%
 
2.10
%
 
0.68
%
 
1.57
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
22,277

 
$
14,413

 
$
31,174

 
 n/a

 
$
32,781

 
 n/a

 
 n/a

 
$
12,500

 
$
125,833

 
$
97,523

   Units Outstanding (in thousands)
 
1,636

 
448

 
2,322

 
n/a

 
1,258

 
n/a

 
n/a

 
1,468

 
9,277

 
8,199

   Investment Income Ratio *
 
0.89
%
 
0.76
%
 
2.01
%
 
n/a

 
0.60
%
 
n/a

 
n/a

 
1.06
%
 
1.10
%
 
1.66
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
23,593

 
$
14,613

 
$
31,060

 
 n/a

 
$
20,880

 
 n/a

 
 n/a

 
$
10,589

 
$
122,561

 
$
90,996

   Units Outstanding (in thousands)
 
1,717

 
463

 
2,046

 
n/a

 
877

 
n/a

 
n/a

 
1,296

 
8,545

 
7,741

   Investment Income Ratio *
 
1.69
%
 
1.26
%
 
3.63
%
 
n/a

 
1.00
%
 
n/a

 
n/a

 
1.22
%
 
1.41
%
 
2.00
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
20,485

 
$
11,953

 
$
21,942

 
 n/a

 
$
9,008

 
 n/a

 
 n/a

 
$
11,645

 
$
81,633

 
$
71,831

   Units Outstanding (in thousands)
 
1,696

 
468

 
1,733

 
n/a

 
512

 
n/a

 
n/a

 
1,320

 
6,936

 
7,459

   Investment Income Ratio *
 
2.03
%
 
1.19
%
 
4.83
%
 
n/a

 
0.89
%
 
n/a

 
n/a

 
0.68
%
 
0.11
%
 
2.20
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
*    These amounts represent the dividends, excluding distributions of capital gains, received by the Investment Division from the underlying Fund divided by the average net assets.  In some instances, the investment income ratio may be rounded to 0.00% even though the Investment Division received dividend income from the underlying Fund.
(a) Commencement of operations September 28, 2015.
(b) Commencement of operations April 25, 2016.
(c) The period is from January 1, 2016 through April 25, 2016, the date the Fund was acquired.  The respective acquisitions can be found on page 65 of the Notes to Financial Statements.


92
JNLNY Separate Account I
Notes to Financial Statements (continued)


Note 7 - Financial Highlights (continued)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/Franklin Templeton Global Growth Fund - A
 
JNL/Franklin Templeton Global Multisector Bond Fund - A
 
JNL/Franklin Templeton Income Fund - A
 
JNL/Franklin Templeton International Small Cap Growth Fund - A
 
JNL/Franklin Templeton Mutual Shares Fund - A
 
JNL/Goldman Sachs Core Plus Bond Fund - A
 
JNL/Goldman Sachs Emerging Markets Debt Fund - A
 
JNL/Goldman Sachs Mid Cap Value Fund - A
 
JNL/Goldman Sachs U.S. Equity Flex Fund - A
 
JNL/Harris Oakmark Global Equity Fund - A (a)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Highest expense ratio
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
9.448472

 
$
10.687553

 
$
12.142364

 
$
8.826096

 
$
11.677618

 
$
17.113297

 
$
10.503728

 
$
17.127479

 
$
12.023454

 
$
9.756741

   Total Return *
 
7.41
 %
 
3.95%***

 
10.69
 %
 
-3.74
 %
 
12.76
 %
 
-1.21
 %
 
6.04
 %
 
10.17
 %
 
4.95
 %
 
11.06
%
   Ratio of Expenses **
 
2.92
 %
 
2.56
 %
 
3.06
 %
 
2.645
 %
 
2.56
 %
 
3.30
 %
 
2.81
 %
 
3.06
 %
 
2.81
 %
 
1.25
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
8.796670

 
$
10.604347

 
$
10.969979

 
$
9.169448

 
$
10.355809

 
$
17.322827

 
$
9.905667

 
$
15.546390

 
$
11.456501

 
$
8.785144

   Total Return *
 
-9.12
 %
 
-6.48
 %
 
-10.15
 %
 
1.10
 %
 
-7.07
 %
 
-2.87
 %
 
-14.76
 %
 
-11.70
 %
 
-4.45
 %
 
-12.10%***

   Ratio of Expenses **
 
2.92
 %
 
2.46
 %
 
3.06
 %
 
2.645
 %
 
2.56
 %
 
3.30
 %
 
2.81
 %
 
3.06
 %
 
2.81
 %
 
1.25
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
9.679582

 
$
11.338854

 
$
12.209732

 
$
9.069887

 
$
11.144236

 
$
17.834916

 
$
11.621173

 
$
17.606617

 
$
11.989800

 
 n/a

   Total Return *
 
-5.17
 %
 
-2.87
 %
 
0.08
 %
 
-11.79
 %
 
4.59
 %
 
1.97
 %
 
-7.58
 %
 
9.72
 %
 
10.77
 %
 
n/a

   Ratio of Expenses **
 
2.92
 %
 
2.46
 %
 
3.06
 %
 
2.645
 %
 
2.56
 %
 
3.30
 %
 
2.81
 %
 
3.06
 %
 
2.81
 %
 
n/a

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
10.207749

 
$
11.673816

 
$
12.200544

 
$
10.281784

 
$
10.655559

 
$
17.489665

 
$
12.573658

 
$
16.046163

 
$
10.824188

 
 n/a

   Total Return *
 
26.60
 %
 
1.01
 %
 
10.64
 %
 
28.95
 %
 
25.05
 %
 
-4.26
 %
 
-10.39
 %
 
28.73
 %
 
30.48
 %
 
n/a

   Ratio of Expenses **
 
2.92
 %
 
2.46
 %
 
3.06
 %
 
2.645
 %
 
2.56
 %
 
3.30
 %
 
2.81
 %
 
3.06
 %
 
2.81
 %
 
n/a

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
8.063049

 
$
11.557034

 
$
11.026824

 
$
7.973159

 
$
8.521104

 
$
18.268639

 
$
14.032145

 
$
12.464803

 
$
8.295683

 
 n/a

   Total Return *
 
18.53
 %
 
8.29%***

 
8.81
 %
 
23.93
 %
 
10.78
 %
 
4.26
 %
 
16.71
 %
 
14.45
 %
 
16.27
 %
 
n/a

   Ratio of Expenses **
 
2.92
 %
 
2.46
 %
 
3.06
 %
 
2.645
 %
 
2.56
 %
 
3.30
 %
 
2.81
 %
 
3.06
 %
 
2.81
 %
 
n/a

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
* Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units,inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return for Investment Divisions with no assets at period end is calculated based on the total return of the underlying Fund less expenses that are charged directly to that Investment Division of the Separate Account.
** Annualized contract expenses of Investment Divisions of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded.
*** Total return is calculated from the effective date through the end of the reporting period. The effective date is the date when the optional benefit in the variable account was elected by a contract owner.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Commencement of operations April 27, 2015.
 
 
 


93
JNLNY Separate Account I
Notes to Financial Statements (continued)


Note 7 - Financial Highlights (continued)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/Franklin Templeton Global Growth Fund - A
 
JNL/Franklin Templeton Global Multisector Bond Fund - A
 
JNL/Franklin Templeton Income Fund - A
 
JNL/Franklin Templeton International Small Cap Growth Fund - A
 
JNL/Franklin Templeton Mutual Shares Fund - A
 
JNL/Goldman Sachs Core Plus Bond Fund - A
 
JNL/Goldman Sachs Emerging Markets Debt Fund - A
 
JNL/Goldman Sachs Mid Cap Value Fund - A
 
JNL/Goldman Sachs U.S. Equity Flex Fund - A
 
JNL/Harris Oakmark Global Equity Fund - A (a)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Lowest expense ratio
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
11.212542

 
$
11.651996

 
$
15.369419

 
$
10.387134

 
$
13.370309

 
$
27.545372

 
$
12.342607

 
$
21.651742

 
$
14.614115

 
$
9.822317

   Total Return *
 
9.27
 %
 
2.94
 %
 
13.15
 %
 
-2.01
 %
 
14.30
 %
 
0.98
 %
 
8.13
 %
 
12.40%***

 
7.02
 %
 
11.50
%
   Ratio of Expenses **
 
1.20
 %
 
0.85
 %
 
0.85
 %
 
0.85
 %
 
1.20
 %
 
1.10
 %
 
0.85
 %
 
1.05
 %
 
0.85
 %
 
0.85
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
10.261495

 
$
11.319229

 
$
13.582740

 
$
10.599748

 
$
11.697168

 
$
27.277521

 
$
11.414527

 
$
18.957723

 
$
13.655452

 
$
8.808979

   Total Return *
 
-7.54
 %
 
-4.96
 %
 
-8.15
 %
 
2.93
 %
 
-5.80
 %
 
-0.71
 %
 
-13.07
 %
 
-10.04
 %
 
-2.56
 %
 
4.24%***

   Ratio of Expenses **
 
1.20
 %
 
0.85
 %
 
0.85
 %
 
0.85
 %
 
1.20
 %
 
1.10
 %
 
0.85
 %
 
1.20
 %
 
0.85
 %
 
0.85
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
11.098860

 
$
11.909819

 
$
14.787315

 
$
10.298121

 
$
12.417678

 
$
27.472760

 
$
13.131425

 
$
21.074348

 
$
14.013717

 
 n/a

   Total Return *
 
-3.53
 %
 
-1.29
 %
 
2.28%***

 
-10.19
 %
 
6.02
 %
 
4.24
 %
 
-5.75
 %
 
11.78
 %
 
0.11%***

 
n/a

   Ratio of Expenses **
 
1.20
 %
 
0.85
 %
 
0.85
 %
 
0.85
 %
 
1.20
 %
 
1.10
 %
 
0.85
 %
 
1.20
 %
 
0.85
 %
 
n/a

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
11.504855

 
$
12.065777

 
$
14.287741

 
$
11.466446

 
$
11.712767

 
$
26.354655

 
$
13.931926

 
$
18.852593

 
$
12.107867

 
 n/a

   Total Return *
 
28.80
 %
 
0.31%***

 
5.52%***

 
3.01%***

 
26.76
 %
 
-2.13
 %
 
-8.62
 %
 
31.15
 %
 
32.60
 %
 
n/a

   Ratio of Expenses **
 
1.20
 %
 
0.85
 %
 
1.00
 %
 
0.85
 %
 
1.20
 %
 
1.10
 %
 
0.85
 %
 
1.20
 %
 
1.20
 %
 
n/a

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
8.932659

 
$
11.736107

 
$
12.482631

 
$
8.667349

 
$
9.240017

 
$
26.929413

 
$
15.246170

 
$
14.374973

 
$
9.131280

 
 n/a

   Total Return *
 
20.60
 %
 
3.09%***

 
10.86
 %
 
17.64%***

 
12.30
 %
 
6.58
 %
 
13.03%***

 
16.60
 %
 
18.16
 %
 
n/a

   Ratio of Expenses **
 
1.20
 %
 
1.00
 %
 
1.20
 %
 
1.00
 %
 
1.20
 %
 
1.10
 %
 
0.85
 %
 
1.20
 %
 
1.20
 %
 
n/a

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
* Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units,inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return for Investment Divisions with no assets at period end is calculated based on the total return of the underlying Fund less expenses that are charged directly to that Investment Division of the Separate Account.
** Annualized contract expenses of Investment Divisions of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded.
*** Total return is calculated from the effective date through the end of the reporting period. The effective date is the date when the optional benefit in the variable account was elected by a contract owner.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Commencement of operations April 27, 2015.
 
 
 

94
JNLNY Separate Account I
Notes to Financial Statements (continued)


Note 7 - Financial Highlights (continued)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/Franklin Templeton Global Growth Fund - A
 
JNL/Franklin Templeton Global Multisector Bond Fund - A
 
JNL/Franklin Templeton Income Fund - A
 
JNL/Franklin Templeton International Small Cap Growth Fund - A
 
JNL/Franklin Templeton Mutual Shares Fund - A
 
JNL/Goldman Sachs Core Plus Bond Fund - A
 
JNL/Goldman Sachs Emerging Markets Debt Fund - A
 
JNL/Goldman Sachs Mid Cap Value Fund - A
 
JNL/Goldman Sachs U.S. Equity Flex Fund - A
 
JNL/Harris Oakmark Global Equity Fund - A (a)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Investment Division data
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
30,074

 
$
41,352

 
$
156,295

 
$
31,695

 
$
47,838

 
$
62,752

 
$
9,547

 
$
73,927

 
$
32,788

 
$
1,169

   Units Outstanding (in thousands)
 
2,769

 
3,652

 
10,878

 
3,235

 
3,696

 
2,512

 
808

 
3,613

 
2,402

 
119

   Investment Income Ratio *
 
2.07
%
 
0.03
%
 
4.70
%
 
1.53
%
 
2.47
%
 
2.51
%
 
0.00
%
 
0.00
%
 
0.31
%
 
1.00
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
28,795

 
$
42,800

 
$
141,626

 
$
31,890

 
$
43,430

 
$
60,732

 
$
9,817

 
$
65,900

 
$
37,637

 
$
883

   Units Outstanding (in thousands)
 
2,894

 
3,871

 
11,093

 
3,176

 
3,826

 
2,456

 
896

 
3,608

 
2,936

 
100

   Investment Income Ratio *
 
2.34
%
 
8.68
%
 
4.18
%
 
0.92
%
 
3.38
%
 
1.98
%
 
0.00
%
 
0.61
%
 
0.00
%
 
0.00
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
29,405

 
$
40,309

 
$
153,053

 
$
24,693

 
$
45,492

 
$
59,549

 
$
12,850

 
$
64,650

 
$
31,023

 
 n/a

   Units Outstanding (in thousands)
 
2,724

 
3,448

 
10,958

 
2,519

 
3,766

 
2,382

 
1,017

 
3,178

 
2,352

 
n/a

   Investment Income Ratio *
 
0.79
%
 
3.98
%
 
3.41
%
 
0.89
%
 
0.79
%
 
2.33
%
 
1.68
%
 
0.89
%
 
0.08
%
 
n/a

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
26,200

 
$
28,988

 
$
115,313

 
$
20,155

 
$
40,022

 
$
44,744

 
$
15,020

 
$
42,939

 
$
11,686

 
 n/a

   Units Outstanding (in thousands)
 
2,335

 
2,435

 
8,409

 
1,837

 
3,499

 
1,862

 
1,116

 
2,353

 
990

 
n/a

   Investment Income Ratio *
 
1.30
%
 
2.78
%
 
4.10
%
 
1.01
%
 
0.92
%
 
3.03
%
 
7.64
%
 
0.42
%
 
0.18
%
 
n/a

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
15,856

 
$
11,176

 
$
85,711

 
$
13,432

 
$
28,473

 
$
41,804

 
$
17,700

 
$
26,407

 
$
6,831

 
 n/a

   Units Outstanding (in thousands)
 
1,813

 
959

 
7,036

 
1,599

 
3,145

 
1,701

 
1,197

 
1,891

 
765

 
n/a

   Investment Income Ratio *
 
1.55
%
 
0.34
%
 
4.68
%
 
1.63
%
 
1.55
%
 
2.46
%
 
0.00
%
 
1.18
%
 
0.39
%
 
n/a

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
*    These amounts represent the dividends, excluding distributions of capital gains, received by the Investment Division from the underlying Fund divided by the average net assets.  In some instances, the investment income ratio may be rounded to 0.00% even though the Investment Division received dividend income from the underlying Fund.
(a) Commencement of operations April 27, 2015.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


95
JNLNY Separate Account I
Notes to Financial Statements (continued)


Note 7 - Financial Highlights (continued)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/Invesco China-India Fund - A
 
JNL/Invesco Global Real Estate Fund - A
 
JNL/Invesco International Growth Fund - A
 
JNL/Invesco Large Cap Growth Fund - A (a)
 
JNL/Invesco Mid Cap Value Fund - A
 
JNL/Invesco Small Cap Growth Fund - A
 
JNL/JPMorgan MidCap Growth Fund - A
 
JNL/JPMorgan U.S. Government & Quality Bond Fund - A
 
JNL/Lazard Emerging Markets Fund - A
 
JNL/MC 10 x 10 Fund - A
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Highest expense ratio
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
6.207293

 
$
13.663010

 
$
13.403170

 
$
12.678440

 
$
18.632539

 
$
19.632318

 
$
29.293110

 
$
11.807770

 
$
9.985586

 
$
12.419455

   Total Return *
 
-6.07
 %
 
-0.65
 %
 
-4.16
 %
 
-5.83
 %
 
11.28
 %
 
7.58
 %
 
-2.37
 %
 
-2.52
 %
 
15.70
 %
 
9.33
 %
   Ratio of Expenses **
 
2.81
 %
 
3.06
 %
 
3.06
 %
 
4.00
 %
 
3.62
 %
 
3.60
 %
 
2.92
 %
 
4.00
 %
 
3.06
 %
 
2.47
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
6.608352

 
$
13.753062

 
$
13.985391

 
$
13.463068

 
$
16.744112

 
$
18.249863

 
$
30.003755

 
$
12.113161

 
$
8.630951

 
$
11.359999

   Total Return *
 
-7.67
 %
 
-3.95
 %
 
-4.98
 %
 
0.89
 %
 
-12.31
 %
 
-5.27
 %
 
0.05
 %
 
-3.48
 %
 
-21.14
 %
 
-4.65
 %
   Ratio of Expenses **
 
2.81
 %
 
3.06
 %
 
3.06
 %
 
4.00
 %
 
3.62
 %
 
3.60
 %
 
2.92
 %
 
4.00
 %
 
3.06
 %
 
2.47
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
7.156934

 
$
14.318392

 
$
14.718224

 
$
13.344782

 
$
19.094955

 
$
19.264517

 
$
29.989944

 
$
12.550201

 
$
10.944539

 
$
11.913933

   Total Return *
 
8.31
 %
 
11.56
 %
 
-2.78
 %
 
4.08
 %
 
5.37
 %
 
4.17
 %
 
7.99
 %
 
1.27
 %
 
-8.11
 %
 
5.62
 %
   Ratio of Expenses **
 
2.81
 %
 
3.06
 %
 
3.06
 %
 
4.00
 %
 
3.62
 %
 
3.60
 %
 
2.92
 %
 
4.00
 %
 
3.06
 %
 
2.47
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
6.607529

 
$
12.834530

 
$
15.139828

 
$
12.821086

 
$
18.122302

 
$
18.493104

 
$
27.770029

 
$
12.393151

 
$
11.910786

 
$
11.280317

   Total Return *
 
-5.05
 %
 
-0.33
 %
 
15.39
 %
 
34.11
 %
 
26.25
 %
 
34.75
 %
 
37.95
 %
 
-7.30
 %
 
-4.08
 %
 
24.59
 %
   Ratio of Expenses **
 
2.81
 %
 
3.06
 %
 
3.06
 %
 
4.00
 %
 
3.62
 %
 
3.60
 %
 
2.92
 %
 
4.00
 %
 
3.06
 %
 
2.47
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
6.959027

 
$
12.877546

 
$
13.120420

 
$
9.560387

 
$
14.354642

 
$
13.724219

 
$
20.131128

 
$
13.368705

 
$
12.416942

 
$
9.054294

   Total Return *
 
20.04
 %
 
24.44
 %
 
12.26
 %
 
8.07
 %
 
3.90
 %
 
13.50
 %
 
12.89
 %
 
-0.43
 %
 
18.51
 %
 
13.13
 %
   Ratio of Expenses **
 
2.81
 %
 
3.06
 %
 
3.06
 %
 
4.00
 %
 
3.62
 %
 
3.60
 %
 
2.92
 %
 
4.00
 %
 
3.06
 %
 
2.47
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
* Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units,inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return for Investment Divisions with no assets at period end is calculated based on the total return of the underlying Fund less expenses that are charged directly to that Investment Division of the Separate Account.
** Annualized contract expenses of Investment Divisions of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded.
*** Total return is calculated from the effective date through the end of the reporting period. The effective date is the date when the optional benefit in the variable account was elected by a contract owner.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) The period is from January 1, 2016 through April 25, 2016, the date the Fund was acquired.  The respective acquisition can be found on page 65 of the Notes to Financial Statements. Unit values disclosed are as of April 22, 2016.
 


96
JNLNY Separate Account I
Notes to Financial Statements (continued)


Note 7 - Financial Highlights (continued)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/Invesco China-India Fund - A
 
JNL/Invesco Global Real Estate Fund - A
 
JNL/Invesco International Growth Fund - A
 
JNL/Invesco Large Cap Growth Fund - A (a)
 
JNL/Invesco Mid Cap Value Fund - A
 
JNL/Invesco Small Cap Growth Fund - A
 
JNL/JPMorgan MidCap Growth Fund - A
 
JNL/JPMorgan U.S. Government & Quality Bond Fund - A
 
JNL/Lazard Emerging Markets Fund - A
 
JNL/MC 10 x 10 Fund - A
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Lowest expense ratio
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
7.415794

 
$
17.679823

 
$
21.620099

 
$
19.296792

 
$
29.951107

 
$
29.794995

 
$
45.841372

 
$
23.337033

 
$
12.639572

 
$
14.041155

   Total Return *
 
-4.22
 %
 
1.56
 %
 
-2.03
 %
 
-4.98
 %
 
14.11
 %
 
10.57
 %
 
-0.33
 %
 
0.59
 %
 
18.27
 %
 
10.72
 %
   Ratio of Expenses **
 
0.85
 %
 
0.85
 %
 
0.85
 %
 
1.10
 %
 
1.10
 %
 
0.85
 %
 
0.85
 %
 
0.85
 %
 
0.85
 %
 
1.20
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
7.742140

 
$
17.408382

 
$
22.067470

 
$
20.308342

 
$
26.247502

 
$
26.947593

 
$
45.994072

 
$
23.200167

 
$
10.686731

 
$
12.681715

   Total Return *
 
-16.76%***

 
-1.80
 %
 
-2.86
 %
 
3.86
 %
 
-10.07
 %
 
-2.63
 %
 
2.14
 %
 
-1.04%***

 
-19.38
 %
 
-3.43
 %
   Ratio of Expenses **
 
0.85
 %
 
0.85
 %
 
0.85
 %
 
1.10
 %
 
1.10
 %
 
0.85
 %
 
0.85
 %
 
0.85
 %
 
0.85
 %
 
1.20
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
8.135595

 
$
17.727799

 
$
22.716170

 
$
19.554490

 
$
29.187687

 
$
27.674168

 
$
45.030983

 
$
22.615493

 
$
13.255177

 
$
13.132237

   Total Return *
 
10.29
 %
 
14.05
 %
 
-0.61
 %
 
7.15
 %
 
8.06
 %
 
7.08%***

 
10.25
 %
 
1.76%***

 
-6.06
 %
 
6.97
 %
   Ratio of Expenses **
 
1.00
 %
 
0.85
 %
 
0.85
 %
 
1.10
 %
 
1.10
 %
 
0.85
 %
 
0.85
 %
 
1.00
 %
 
0.85
 %
 
1.20
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
7.376329

 
$
15.543283

 
$
22.856138

 
$
18.250068

 
$
27.011558

 
$
25.378300

 
$
40.843386

 
$
20.880817

 
$
14.110089

 
$
12.276911

   Total Return *
 
-3.32
 %
 
1.89
 %
 
2.83%***

 
38.05
 %
 
29.47
 %
 
38.30
 %
 
15.37%***

 
-4.66
 %
 
0.01%***

 
14.58%***

   Ratio of Expenses **
 
1.00
 %
 
0.85
 %
 
0.85
 %
 
1.10
 %
 
1.10
 %
 
1.00
 %
 
0.85
 %
 
1.20
 %
 
0.85
 %
 
1.20
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
7.629376

 
$
15.254481

 
$
18.868951

 
$
13.219647

 
$
20.863336

 
$
18.350522

 
$
28.245166

 
$
21.902507

 
$
14.245087

 
$
9.702499

   Total Return *
 
3.02%***

 
16.75%***

 
8.78%***

 
11.26
 %
 
6.56
 %
 
7.02%***

 
2.12%***

 
2.40
 %
 
6.77%***

 
14.52
 %
   Ratio of Expenses **
 
1.00
 %
 
0.85
 %
 
1.00
 %
 
1.10
 %
 
1.10
 %
 
1.00
 %
 
1.00
 %
 
1.20
 %
 
1.00
 %
 
1.25
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
* Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units,inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return for Investment Divisions with no assets at period end is calculated based on the total return of the underlying Fund less expenses that are charged directly to that Investment Division of the Separate Account.
** Annualized contract expenses of Investment Divisions of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded.
*** Total return is calculated from the effective date through the end of the reporting period. The effective date is the date when the optional benefit in the variable account was elected by a contract owner.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) The period is from January 1, 2016 through April 25, 2016, the date the Fund was acquired.  The respective acquisition can be found on page 65 of the Notes to Financial Statements. Unit values disclosed are as of April 22, 2016.
 


97
JNLNY Separate Account I
Notes to Financial Statements (continued)


Note 7 - Financial Highlights (continued)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/Invesco China-India Fund - A
 
JNL/Invesco Global Real Estate Fund - A
 
JNL/Invesco International Growth Fund - A
 
JNL/Invesco Large Cap Growth Fund - A (a)
 
JNL/Invesco Mid Cap Value Fund - A
 
JNL/Invesco Small Cap Growth Fund - A
 
JNL/JPMorgan MidCap Growth Fund - A
 
JNL/JPMorgan U.S. Government & Quality Bond Fund - A
 
JNL/Lazard Emerging Markets Fund - A
 
JNL/MC 10 x 10 Fund - A
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Investment Division data
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
34,000

 
$
78,480

 
$
58,020

 
$
—

 
$
29,082

 
$
91,053

 
$
67,715

 
$
57,407

 
$
28,329

 
$
42,545

   Units Outstanding (in thousands)
 
4,875

 
4,775

 
3,076

 
—

 
1,060

 
3,355

 
1,715

 
2,813

 
2,381

 
3,127

   Investment Income Ratio *
 
1.02
%
 
2.04
%
 
1.81
%
 
0.00
%
 
0.44
%
 
0.00
%
 
0.00
%
 
1.75
%
 
2.22
%
 
0.00
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
28,450

 
$
72,203

 
$
49,732

 
$
49,987

 
$
24,976

 
$
77,052

 
$
73,189

 
$
48,575

 
$
25,690

 
$
39,426

   Units Outstanding (in thousands)
 
3,887

 
4,444

 
2,574

 
2,624

 
1,038

 
3,131

 
1,850

 
2,424

 
2,549

 
3,199

   Investment Income Ratio *
 
0.90
%
 
2.88
%
 
1.89
%
 
0.00
%
 
0.35
%
 
0.00
%
 
0.00
%
 
2.31
%
 
3.05
%
 
1.98
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
32,124

 
$
63,128

 
$
43,849

 
$
41,508

 
$
25,894

 
$
53,056

 
$
50,238

 
$
38,737

 
$
33,154

 
$
43,036

   Units Outstanding (in thousands)
 
4,120

 
3,799

 
2,213

 
2,253

 
966

 
2,095

 
1,311

 
1,926

 
2,646

 
3,363

   Investment Income Ratio *
 
0.93
%
 
1.32
%
 
1.13
%
 
0.06
%
 
0.21
%
 
0.00
%
 
0.00
%
 
3.12
%
 
1.63
%
 
1.78
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
25,156

 
$
44,391

 
$
33,600

 
$
33,216

 
$
23,526

 
$
31,745

 
$
30,656

 
$
34,446

 
$
38,741

 
$
41,074

   Units Outstanding (in thousands)
 
3,537

 
3,035

 
1,687

 
1,924

 
947

 
1,338

 
900

 
1,782

 
2,894

 
3,423

   Investment Income Ratio *
 
0.90
%
 
3.41
%
 
1.14
%
 
0.42
%
 
0.20
%
 
0.13
%
 
0.18
%
 
3.23
%
 
1.39
%
 
2.04
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
26,375

 
$
36,326

 
$
23,664

 
$
21,018

 
$
15,967

 
$
15,231

 
$
17,299

 
$
41,937

 
$
45,233

 
$
34,975

   Units Outstanding (in thousands)
 
3,568

 
2,520

 
1,405

 
1,678

 
831

 
887

 
731

 
2,069

 
3,301

 
3,665

   Investment Income Ratio *
 
0.78
%
 
0.78
%
 
1.73
%
 
0.00
%
 
0.27
%
 
0.00
%
 
0.00
%
 
2.28
%
 
2.02
%
 
2.36
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
*    These amounts represent the dividends, excluding distributions of capital gains, received by the Investment Division from the underlying Fund divided by the average net assets.  In some instances, the investment income ratio may be rounded to 0.00% even though the Investment Division received dividend income from the underlying Fund.
(a) The period is from January 1, 2016 through April 25, 2016, the date the Fund was acquired.  The respective acquisition can be found on page 65 of the Notes to Financial Statements.
 


98
JNLNY Separate Account I
Notes to Financial Statements (continued)


Note 7 - Financial Highlights (continued)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/MC Bond Index Fund - A
 
JNL/MC Emerging Markets Index Fund - A
 
JNL/MC European 30 Fund - A
 
JNL/MC Index 5 Fund - A
 
JNL/MC International Index Fund - A
 
JNL/MC Pacific Rim 30 Fund - A
 
JNL/MC S&P 400 MidCap Index Fund - A
 
JNL/MC S&P 500 Index Fund - A
 
JNL/MC Small Cap Index Fund - A
 
JNL/MC Utilities Sector Fund - A (a)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Highest expense ratio
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
9.907125

 
$
8.057410

 
$
12.059427

 
$
12.556808

 
$
11.668216

 
$
15.750841

 
$
21.107709

 
$
13.718790

 
$
18.790090

 
$
12.789734

   Total Return *
 
-1.89
 %
 
7.42
 %
 
-4.54
 %
 
8.95
 %
 
-2.97
 %
 
6.62
%
 
15.63
 %
 
7.21
 %
 
21.16
 %
 
15.36
 %
   Ratio of Expenses **
 
3.82
 %
 
2.46
 %
 
2.80
 %
 
2.695
 %
 
3.82
 %
 
2.77
%
 
3.82
 %
 
3.82
 %
 
3.82
 %
 
1.25
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
10.098181

 
$
7.500752

 
$
12.632821

 
$
11.525579

 
$
12.024823

 
$
14.773234

 
$
18.254028

 
$
12.796770

 
$
15.508081

 
$
11.086493

   Total Return *
 
-3.87
 %
 
-17.35
 %
 
-4.65
 %
 
-4.09
 %
 
-4.79
 %
 
2.10
%
 
-6.33
 %
 
-2.91
 %
 
-8.14
 %
 
-6.58
 %
   Ratio of Expenses **
 
3.82
 %
 
2.46
 %
 
2.80
 %
 
2.695
 %
 
3.82
 %
 
2.77
%
 
3.82
 %
 
3.82
 %
 
3.82
 %
 
1.25
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
10.504440

 
$
9.075531

 
$
13.249537

 
$
12.016786

 
$
12.630226

 
$
14.469323

 
$
19.488282

 
$
13.180009

 
$
16.881594

 
$
11.867462

   Total Return *
 
1.66
 %
 
-6.03
 %
 
-6.07
 %
 
2.50
 %
 
-9.60
 %
 
0.39
%
 
5.14
 %
 
8.83
 %
 
0.73
 %
 
24.63
 %
   Ratio of Expenses **
 
3.82
 %
 
2.46
 %
 
2.80
 %
 
2.695
 %
 
3.82
 %
 
2.77
%
 
3.82
 %
 
3.82
 %
 
3.82
 %
 
1.25
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
10.333287

 
$
9.657680

 
$
14.105397

 
$
11.723567

 
$
13.972251

 
$
14.412854

 
$
18.535898

 
$
12.110445

 
$
16.759446

 
$
9.521931

   Total Return *
 
-6.38
 %
 
-6.49
 %
 
3.12%***

 
20.45
 %
 
16.88
 %
 
9.58
%
 
28.01
 %
 
26.71
 %
 
33.25
 %
 
-2.91%***

   Ratio of Expenses **
 
3.82
 %
 
2.46
 %
 
2.80
 %
 
2.695
 %
 
3.82
 %
 
2.77
%
 
3.82
 %
 
3.82
 %
 
3.82
 %
 
1.25
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
11.037020

 
$
10.327566

 
$
11.268651

 
$
9.732936

 
$
11.954577

 
$
13.152889

 
$
14.480131

 
$
9.557977

 
$
12.577766

 
 n/a

   Total Return *
 
-0.28
 %
 
11.21%***

 
6.00
 %
 
10.92
 %
 
13.58
 %
 
8.96
%
 
12.84
 %
 
11.04
 %
 
11.53
 %
 
n/a

   Ratio of Expenses **
 
3.82
 %
 
2.46
 %
 
2.46
 %
 
2.695
 %
 
3.82
 %
 
2.77
%
 
3.82
 %
 
3.82
 %
 
3.82
 %
 
n/a

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
* Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units,inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return for Investment Divisions with no assets at period end is calculated based on the total return of the underlying Fund less expenses that are charged directly to that Investment Division of the Separate Account.
** Annualized contract expenses of Investment Divisions of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded.
*** Total return is calculated from the effective date through the end of the reporting period. The effective date is the date when the optional benefit in the variable account was elected by a contract owner.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Commencement of operations April 29, 2013.


99
JNLNY Separate Account I
Notes to Financial Statements (continued)


Note 7 - Financial Highlights (continued)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/MC Bond Index Fund - A
 
JNL/MC Emerging Markets Index Fund - A
 
JNL/MC European 30 Fund - A
 
JNL/MC Index 5 Fund - A
 
JNL/MC International Index Fund - A
 
JNL/MC Pacific Rim 30 Fund - A
 
JNL/MC S&P 400 MidCap Index Fund - A
 
JNL/MC S&P 500 Index Fund - A
 
JNL/MC Small Cap Index Fund - A
 
JNL/MC Utilities Sector Fund - A (a)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Lowest expense ratio
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
15.446324

 
$
8.780561

 
$
14.160391

 
$
15.008102

 
$
18.193618

 
$
18.447751

 
$
32.912709

 
$
21.390969

 
$
29.298551

 
$
12.977709

   Total Return *
 
1.06
 %
 
9.16
 %
 
-2.66
 %
 
6.13%***

 
-0.05
 %
 
8.68
%
 
19.11
 %
 
10.43
%
 
24.81
 %
 
15.82
 %
   Ratio of Expenses **
 
0.85
 %
 
0.85
 %
 
0.85
 %
 
0.85
 %
 
0.85
 %
 
0.85
%
 
0.85
 %
 
0.85
%
 
0.85
 %
 
0.85
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
15.284682

 
$
8.043708

 
$
14.547985

 
$
13.349777

 
$
18.202432

 
$
16.974580

 
$
27.632298

 
$
19.370958

 
$
23.475290

 
$
11.204632

   Total Return *
 
-1.14%***

 
-16.01
 %
 
-2.78
 %
 
-2.45
 %
 
-1.92
 %
 
4.08
%
 
-3.51
 %
 
0.02
%
 
-5.37
 %
 
-6.21
 %
   Ratio of Expenses **
 
0.85
 %
 
0.85
 %
 
0.85
 %
 
1.00
 %
 
0.85
 %
 
0.85
%
 
0.85
 %
 
0.85
%
 
0.85
 %
 
0.85
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
15.136551

 
$
9.577076

 
$
14.963539

 
$
13.684791

 
$
18.559333

 
$
16.309206

 
$
28.637327

 
$
19.367215

 
$
24.806591

 
$
11.946040

   Total Return *
 
4.56
 %
 
-4.50
 %
 
-11.61%***

 
2.01%***

 
-6.88
 %
 
-8.95%***

 
8.31%***

 
12.11%***

 
3.77
 %
 
13.01%***

   Ratio of Expenses **
 
1.00
 %
 
0.85
 %
 
0.85
 %
 
1.00
 %
 
0.85
 %
 
0.85
%
 
0.85
 %
 
0.85
%
 
0.85
 %
 
0.85
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
14.475854

 
$
10.028636

 
$
15.500182

 
$
12.824234

 
$
19.930516

 
$
15.811938

 
$
25.970550

 
$
16.967550

 
$
23.906405

 
$
9.537029

   Total Return *
 
-3.70
 %
 
-4.73%***

 
23.00%***

 
22.08
 %
 
16.38%***

 
11.54
%
 
31.67
 %
 
30.33
%
 
28.62%***

 
-3.95%***

   Ratio of Expenses **
 
1.00
 %
 
0.85
 %
 
1.00
 %
 
1.35
 %
 
0.85
 %
 
1.00
%
 
1.00
 %
 
1.00
%
 
0.85
 %
 
1.00
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
15.031760

 
$
10.531884

 
$
11.860954

 
$
10.504460

 
$
16.283294

 
$
14.176473

 
$
19.723854

 
$
13.018981

 
$
17.132383

 
 n/a

   Total Return *
 
-0.04%***

 
0.73%***

 
7.29
 %
 
12.42
 %
 
2.01%***

 
0.31%***

 
3.32%***

 
-1.54%***

 
1.32%***

 
n/a

   Ratio of Expenses **
 
1.00
 %
 
1.00
 %
 
1.25
 %
 
1.35
 %
 
1.00
 %
 
1.00
%
 
1.00
 %
 
1.00
%
 
1.00
 %
 
n/a

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
* Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units,inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return for Investment Divisions with no assets at period end is calculated based on the total return of the underlying Fund less expenses that are charged directly to that Investment Division of the Separate Account.
** Annualized contract expenses of Investment Divisions of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded.
*** Total return is calculated from the effective date through the end of the reporting period. The effective date is the date when the optional benefit in the variable account was elected by a contract owner.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Commencement of operations April 29, 2013.


100
JNLNY Separate Account I
Notes to Financial Statements (continued)


Note 7 - Financial Highlights (continued)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/MC Bond Index Fund - A
 
JNL/MC Emerging Markets Index Fund - A
 
JNL/MC European 30 Fund - A
 
JNL/MC Index 5 Fund - A
 
JNL/MC International Index Fund - A
 
JNL/MC Pacific Rim 30 Fund - A
 
JNL/MC S&P 400 MidCap Index Fund - A
 
JNL/MC S&P 500 Index Fund - A
 
JNL/MC Small Cap Index Fund - A
 
JNL/MC Utilities Sector Fund - A (a)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Investment Division data
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
58,290

 
$
44,587

 
$
25,997

 
$
82,231

 
$
78,742

 
$
16,273

 
$
161,716

 
$
395,433

 
$
123,370

 
$
4,477

   Units Outstanding (in thousands)
 
4,126

 
5,253

 
1,928

 
5,868

 
4,761

 
927

 
5,405

 
20,328

 
4,625

 
348

   Investment Income Ratio *
 
0.83
%
 
1.92
%
 
3.18
%
 
0.00
%
 
0.25
%
 
2.01
%
 
0.17
%
 
0.13
%
 
0.50
%
 
1.95
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
48,479

 
$
30,412

 
$
31,683

 
$
71,785

 
$
73,405

 
$
16,987

 
$
112,335

 
$
306,397

 
$
88,288

 
$
3,031

   Units Outstanding (in thousands)
 
3,478

 
3,889

 
2,279

 
5,654

 
4,422

 
1,046

 
4,454

 
17,304

 
4,112

 
272

   Investment Income Ratio *
 
2.05
%
 
1.70
%
 
1.99
%
 
1.80
%
 
2.37
%
 
2.35
%
 
0.98
%
 
1.51
%
 
0.67
%
 
1.33
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
40,787

 
$
27,610

 
$
13,852

 
$
69,791

 
$
61,638

 
$
8,811

 
$
91,315

 
$
259,697

 
$
74,714

 
$
3,141

   Units Outstanding (in thousands)
 
2,888

 
2,947

 
963

 
5,342

 
3,631

 
562

 
3,482

 
14,604

 
3,286

 
264

   Investment Income Ratio *
 
3.42
%
 
1.30
%
 
1.38
%
 
1.42
%
 
3.52
%
 
2.56
%
 
0.93
%
 
1.37
%
 
1.00
%
 
0.00
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
32,592

 
$
16,399

 
$
5,020

 
$
65,059

 
$
49,446

 
$
6,356

 
$
75,340

 
$
205,436

 
$
72,482

 
$
271

   Units Outstanding (in thousands)
 
2,413

 
1,661

 
333

 
5,170

 
2,705

 
414

 
3,105

 
12,934

 
3,306

 
28

   Investment Income Ratio *
 
2.15
%
 
0.82
%
 
1.14
%
 
1.56
%
 
2.53
%
 
3.78
%
 
0.93
%
 
1.35
%
 
1.27
%
 
5.42
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
32,939

 
$
8,491

 
$
1,887

 
$
50,449

 
$
36,273

 
$
4,074

 
$
40,766

 
$
123,527

 
$
34,922

 
 n/a

   Units Outstanding (in thousands)
 
2,345

 
812

 
161

 
4,879

 
2,387

 
294

 
2,206

 
10,096

 
2,178

 
n/a

   Investment Income Ratio *
 
2.34
%
 
0.04
%
 
3.62
%
 
1.50
%
 
2.69
%
 
1.92
%
 
1.00
%
 
1.66
%
 
1.66
%
 
n/a

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
*    These amounts represent the dividends, excluding distributions of capital gains, received by the Investment Division from the underlying Fund divided by the average net assets.  In some instances, the investment income ratio may be rounded to 0.00% even though the Investment Division received dividend income from the underlying Fund.
(a) Commencement of operations April 29, 2013.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


101
JNLNY Separate Account I
Notes to Financial Statements (continued)


Note 7 - Financial Highlights (continued)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/MMRS Conservative Fund - A (b)
 
JNL/MMRS Growth Fund - A (b)
 
JNL/MMRS Moderate Fund - A (b)
 
JNL/Morgan Stanley Mid Cap Growth Fund - A (a)
 
JNL/Neuberger Berman Strategic Income Fund - A (a)
 
JNL/Oppenheimer Emerging Markets Innovator Fund - A (c)
 
JNL/Oppenheimer Global Growth Fund - A
 
JNL/PIMCO Real Return Fund - A
 
JNL/PIMCO Total Return Bond Fund - A
 
JNL/PPM America Floating Rate Income Fund - A
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Highest expense ratio
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
10.309578

 
$
9.777668

 
$
9.951757

 
$
10.324367

 
$
10.368167

 
$
8.274732

 
$
14.161051

 
$
11.682365

 
$
12.301830

 
$
10.358919

   Total Return *
 
2.71
 %
 
1.37
 %
 
1.83
 %
 
-10.23
 %
 
3.49
 %
 
-1.70
 %
 
-3.14
 %
 
2.15
 %
 
-1.29
 %
 
6.39
 %
   Ratio of Expenses **
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
2.45
 %
 
2.32
 %
 
1.25
 %
 
3.30
 %
 
2.92
 %
 
4.00
 %
 
2.81
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
10.037407

 
$
9.645712

 
$
9.773015

 
$
11.500987

 
$
10.018393

 
$
8.418188

 
$
14.620129

 
$
11.436394

 
$
12.462997

 
$
9.736350

   Total Return *
 
-3.50
 %
 
-6.82
 %
 
-5.77
 %
 
-6.64
 %
 
-3.50
 %
 
-13.17%***

 
0.43
 %
 
-5.89
 %
 
-3.53
 %
 
-4.02
 %
   Ratio of Expenses **
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
2.45
 %
 
2.32
 %
 
1.25
 %
 
3.30
 %
 
2.92
 %
 
4.00
 %
 
2.81
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
10.401642

 
$
10.352069

 
$
10.371899

 
$
12.318387

 
$
10.381966

 
 n/a

 
$
14.557493

 
$
12.152589

 
$
12.919306

 
$
10.143632

   Total Return *
 
3.05%***

 
-0.37%***

 
0.21%***

 
-2.81
 %
 
2.49
 %
 
n/a

 
-1.40
 %
 
0.32
 %
 
-0.10
 %
 
-2.56
 %
   Ratio of Expenses **
 
1.25
 %
 
1.25
 %
 
1.25
 %
 
2.45
 %
 
2.32
 %
 
n/a

 
3.30
 %
 
2.92
 %
 
4.00
 %
 
2.81
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
 n/a

 
 n/a

 
 n/a

 
$
12.674195

 
$
10.130188

 
 n/a

 
$
14.764434

 
$
12.113850

 
$
12.932439

 
$
10.410476

   Total Return *
 
n/a

 
n/a

 
n/a

 
34.40
 %
 
-2.89%***

 
n/a

 
22.14
 %
 
-11.74
 %
 
-5.92
 %
 
1.43
 %
   Ratio of Expenses **
 
n/a

 
n/a

 
n/a

 
2.45
 %
 
2.32
 %
 
n/a

 
3.30
 %
 
2.92
 %
 
4.00
 %
 
2.81
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
 n/a

 
 n/a

 
 n/a

 
$
9.430240

 
$
10.378186

 
 n/a

 
$
12.087946

 
$
13.725632

 
$
13.745677

 
$
10.264129

   Total Return *
 
n/a

 
n/a

 
n/a

 
3.41%***

 
4.46%***

 
n/a

 
16.62
 %
 
5.30
 %
 
3.84
 %
 
2.69%***

   Ratio of Expenses **
 
n/a

 
n/a

 
n/a

 
2.45
 %
 
2.31
 %
 
n/a

 
3.30
 %
 
2.92
 %
 
4.00
 %
 
2.81
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
* Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units,inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return for Investment Divisions with no assets at period end is calculated based on the total return of the underlying Fund less expenses that are charged directly to that Investment Division of the Separate Account.
** Annualized contract expenses of Investment Divisions of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded.
*** Total return is calculated from the effective date through the end of the reporting period. The effective date is the date when the optional benefit in the variable account was elected by a contract owner.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Commencement of operations April 30, 2012.
(b) Commencement of operations April 28, 2014.
(c) Commencement of operations April 27, 2015.


102
JNLNY Separate Account I
Notes to Financial Statements (continued)


Note 7 - Financial Highlights (continued)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/MMRS Conservative Fund - A (b)
 
JNL/MMRS Growth Fund - A (b)
 
JNL/MMRS Moderate Fund - A (b)
 
JNL/Morgan Stanley Mid Cap Growth Fund - A (a)
 
JNL/Neuberger Berman Strategic Income Fund - A (a)
 
JNL/Oppenheimer Emerging Markets Innovator Fund - A (c)
 
JNL/Oppenheimer Global Growth Fund - A
 
JNL/PIMCO Real Return Fund - A
 
JNL/PIMCO Total Return Bond Fund - A
 
JNL/PPM America Floating Rate Income Fund - A
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Lowest expense ratio
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
10.420265

 
$
9.843266

 
$
10.058757

 
$
10.944442

 
$
11.026433

 
$
8.330418

 
$
19.989266

 
$
14.355144

 
$
22.265574

 
$
11.651029

   Total Return *
 
-1.80%***

 
1.62
 %
 
2.24
%
 
-9.10
 %
 
2.00%***

 
-1.31
 %
 
-0.99
 %
 
4.28
 %
 
1.86
 %
 
8.49
 %
   Ratio of Expenses **
 
0.85
 %
 
1.00
 %
 
0.85
%
 
1.20
 %
 
1.00
 %
 
0.85
 %
 
1.10
 %
 
0.85
 %
 
0.85
 %
 
0.85
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
10.079561

 
$
9.686243

 
$
9.838769

 
$
12.040674

 
$
10.438491

 
$
8.441103

 
$
20.189406

 
$
13.765763

 
$
21.859627

 
$
10.738827

   Total Return *
 
-3.26
 %
 
-6.59
 %
 
-6.95%***

 
-8.14%***

 
-2.42
 %
 
-12.50%***

 
2.66
 %
 
-3.92
 %
 
-0.44
 %
 
-2.12
 %
   Ratio of Expenses **
 
1.00
 %
 
1.00
 %
 
0.85
%
 
1.20
 %
 
1.20
 %
 
0.85
 %
 
1.10
 %
 
0.85
 %
 
0.85
 %
 
0.85
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
10.419247

 
$
10.369613

 
$
10.389448

 
$
12.685568

 
$
10.696824

 
 n/a

 
$
19.665443

 
$
14.328127

 
$
21.957250

 
$
10.970883

   Total Return *
 
3.10%***

 
1.45%***

 
2.60%***

 
-1.73
 %
 
3.65%***

 
n/a

 
0.79
 %
 
2.42
 %
 
3.10
 %
 
-0.63
 %
   Ratio of Expenses **
 
1.00
 %
 
1.00
 %
 
1.00
%
 
1.35
 %
 
1.20
 %
 
n/a

 
1.10
 %
 
0.85
 %
 
0.85
 %
 
0.85
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
 n/a

 
 n/a

 
 n/a

 
$
12.909203

 
$
10.311970

 
 n/a

 
$
19.510969

 
$
13.989820

 
$
21.297973

 
$
11.040930

   Total Return *
 
n/a

 
n/a

 
n/a

 
35.88
 %
 
1.46%***

 
n/a

 
24.86
 %
 
-10.80%***

 
-3.00%***

 
2.52%***

   Ratio of Expenses **
 
n/a

 
n/a

 
n/a

 
1.35
 %
 
1.25
 %
 
n/a

 
1.10
 %
 
0.85
 %
 
0.85
 %
 
0.85
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
 n/a

 
 n/a

 
 n/a

 
$
9.500450

 
$
10.445070

 
 n/a

 
$
15.626425

 
$
15.388594

 
$
21.452391

 
$
10.642622

   Total Return *
 
n/a

 
n/a

 
n/a

 
3.94%***

 
0.81%***

 
n/a

 
19.22
 %
 
6.33%***

 
0.53%***

 
1.40%***

   Ratio of Expenses **
 
n/a

 
n/a

 
n/a

 
1.35
 %
 
1.35
 %
 
n/a

 
1.10
 %
 
1.00
 %
 
1.00
 %
 
1.00
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
* Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units,inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return for Investment Divisions with no assets at period end is calculated based on the total return of the underlying Fund less expenses that are charged directly to that Investment Division of the Separate Account.
** Annualized contract expenses of Investment Divisions of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded.
*** Total return is calculated from the effective date through the end of the reporting period. The effective date is the date when the optional benefit in the variable account was elected by a contract owner.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Commencement of operations April 30, 2012.
(b) Commencement of operations April 28, 2014.
(c) Commencement of operations April 27, 2015.


103
JNLNY Separate Account I
Notes to Financial Statements (continued)


Note 7 - Financial Highlights (continued)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/MMRS Conservative Fund - A (b)
 
JNL/MMRS Growth Fund - A (b)
 
JNL/MMRS Moderate Fund - A (b)
 
JNL/Morgan Stanley Mid Cap Growth Fund - A (a)
 
JNL/Neuberger Berman Strategic Income Fund - A (a)
 
JNL/Oppenheimer Emerging Markets Innovator Fund - A (c)
 
JNL/Oppenheimer Global Growth Fund - A
 
JNL/PIMCO Real Return Fund - A
 
JNL/PIMCO Total Return Bond Fund - A
 
JNL/PPM America Floating Rate Income Fund - A
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Investment Division data
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
18,985

 
$
1,395

 
$
8,039

 
$
8,854

 
$
37,706

 
$
632

 
$
93,710

 
$
76,201

 
$
222,921

 
$
90,103

   Units Outstanding (in thousands)
 
1,832

 
142

 
804

 
822

 
3,505

 
76

 
5,015

 
5,656

 
11,316

 
7,988

   Investment Income Ratio *
 
0.00
%
 
0.00
%
 
0.00
%
 
0.00
%
 
3.25
%
 
0.00
%
 
0.62
%
 
5.89
%
 
0.39
%
 
4.50
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
19,204

 
$
1,231

 
$
7,804

 
$
10,796

 
$
33,382

 
$
343

 
$
83,341

 
$
75,850

 
$
224,766

 
$
76,164

   Units Outstanding (in thousands)
 
1,907

 
127

 
796

 
909

 
3,237

 
41

 
4,415

 
5,853

 
11,614

 
7,290

   Investment Income Ratio *
 
0.00
%
 
0.00
%
 
0.00
%
 
0.00
%
 
1.33
%
 
0.00
%
 
0.92
%
 
3.69
%
 
2.88
%
 
3.82
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
1,848

 
$
168

 
$
680

 
$
7,084

 
$
30,886

 
 n/a

 
$
56,345

 
$
82,537

 
$
234,444

 
$
78,107

   Units Outstanding (in thousands)
 
178

 
16

 
66

 
562

 
2,914

 
n/a

 
3,057

 
6,086

 
12,022

 
7,274

   Investment Income Ratio *
 
0.00
%
 
0.00
%
 
0.00
%
 
0.00
%
 
1.03
%
 
n/a

 
0.59
%
 
0.73
%
 
3.37
%
 
2.48
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
 n/a

 
 n/a

 
 n/a

 
$
3,787

 
$
10,544

 
 n/a

 
$
47,210

 
$
80,705

 
$
241,408

 
$
55,347

   Units Outstanding (in thousands)
 
n/a

 
n/a

 
n/a

 
294

 
1,028

 
n/a

 
2,571

 
6,059

 
12,715

 
5,104

   Investment Income Ratio *
 
n/a

 
n/a

 
n/a

 
0.00
%
 
0.23
%
 
n/a

 
1.01
%
 
1.21
%
 
1.18
%
 
2.32
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
 n/a

 
 n/a

 
 n/a

 
$
702

 
$
3,680

 
 n/a

 
$
32,152

 
$
111,530

 
$
259,261

 
$
14,170

   Units Outstanding (in thousands)
 
n/a

 
n/a

 
n/a

 
74

 
353

 
n/a

 
2,182

 
7,508

 
13,242

 
1,348

   Investment Income Ratio *
 
n/a

 
n/a

 
n/a

 
0.76
%
 
0.00
%
 
n/a

 
1.06
%
 
2.07
%
 
2.12
%
 
3.29
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
*    These amounts represent the dividends, excluding distributions of capital gains, received by the Investment Division from the underlying Fund divided by the average net assets.  In some instances, the investment income ratio may be rounded to 0.00% even though the Investment Division received dividend income from the underlying Fund.
(a) Commencement of operations April 30, 2012.
(b) Commencement of operations April 28, 2014.
(c) Commencement of operations April 27, 2015.


104
JNLNY Separate Account I
Notes to Financial Statements (continued)


Note 7 - Financial Highlights (continued)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/PPM America High Yield Bond Fund - A
 
JNL/PPM America Mid Cap Value Fund - A
 
JNL/PPM America Small Cap Value Fund - A
 
JNL/PPM America Total Return Fund - A (b) (c)
 
JNL/PPM America Value Equity Fund - A
 
JNL/Red Rocks Listed Private Equity Fund - A
 
JNL/S&P 4 Fund - A
 
JNL/S&P Competitive Advantage Fund - A
 
JNL/S&P Dividend Income & Growth Fund - A
 
JNL/S&P International 5 Fund - A (a)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Highest expense ratio
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
15.188572

 
$
16.809644

 
$
17.416394

 
$
15.114920

 
$
19.962828

 
$
13.940101

 
$
17.756479

 
$
19.459955

 
$
18.646034

 
$
9.739920

   Total Return *
 
13.51
 %
 
23.94
 %
 
27.26
 %
 
3.26
%
 
17.31
 %
 
5.43
 %
 
7.09
 %
 
2.97
 %
 
14.71
 %
 
6.93
 %
   Ratio of Expenses **
 
3.06
 %
 
2.77
 %
 
2.56
 %
 
2.32
%
 
3.62
 %
 
2.62
 %
 
2.95
 %
 
2.62
 %
 
2.61
 %
 
1.25
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
13.380499

 
$
13.562701

 
$
13.685427

 
$
14.637327

 
$
17.017675

 
$
13.222673

 
$
16.580961

 
$
18.898667

 
$
16.255184

 
$
9.108275

   Total Return *
 
-9.69
 %
 
-10.57
 %
 
-5.93
 %
 
0.16%***

 
-11.95
 %
 
-2.99
 %
 
-7.81
 %
 
-1.43
 %
 
-1.91
 %
 
-3.36
 %
   Ratio of Expenses **
 
3.06
 %
 
2.77
 %
 
2.56
 %
 
2.32
%
 
3.62
 %
 
2.62
 %
 
2.95
 %
 
2.62
 %
 
2.61
 %
 
1.25
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
14.816619

 
$
15.166470

 
$
14.548215

 
 n/a

 
$
19.326464

 
$
13.629676

 
$
17.984681

 
$
19.172507

 
$
16.571231

 
$
9.425269

   Total Return *
 
-2.89
 %
 
7.43
 %
 
3.18
 %
 
n/a

 
8.50
 %
 
-1.98
 %
 
11.08
 %
 
7.21
 %
 
10.77
 %
 
-1.93%***

   Ratio of Expenses **
 
3.06
 %
 
2.77
 %
 
2.56
 %
 
n/a

 
3.62
 %
 
2.62
 %
 
2.95
 %
 
2.62
 %
 
2.61
 %
 
1.25
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
15.257323

 
$
14.117385

 
$
14.100486

 
 n/a

 
$
17.812896

 
$
13.905517

 
$
16.191433

 
$
17.883030

 
$
14.960387

 
 n/a

   Total Return *
 
4.94
 %
 
37.23
 %
 
33.88
 %
 
n/a

 
35.24
 %
 
38.00
 %
 
39.46
 %
 
39.24
 %
 
27.41
 %
 
n/a

   Ratio of Expenses **
 
3.06
 %
 
2.77
 %
 
2.56
 %
 
n/a

 
3.62
 %
 
2.62
 %
 
2.95
 %
 
2.62
 %
 
2.61
 %
 
n/a

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
14.539145

 
$
10.287545

 
$
10.532033

 
 n/a

 
$
13.171132

 
$
10.076497

 
$
11.610352

 
$
12.843302

 
$
11.741770

 
 n/a

   Total Return *
 
13.22
 %
 
13.24
 %
 
16.65
 %
 
n/a

 
11.54
 %
 
26.89
 %
 
12.84
 %
 
13.60
 %
 
9.89
 %
 
n/a

   Ratio of Expenses **
 
3.06
 %
 
2.77
 %
 
2.56
 %
 
n/a

 
3.62
 %
 
2.62
 %
 
2.95
 %
 
2.62
 %
 
2.61
 %
 
n/a

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
* Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units,inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return for Investment Divisions with no assets at period end is calculated based on the total return of the underlying Fund less expenses that are charged directly to that Investment Division of the Separate Account.
** Annualized contract expenses of Investment Divisions of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded.
*** Total return is calculated from the effective date through the end of the reporting period. The effective date is the date when the optional benefit in the variable account was elected by a contract owner.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Commencement of operations September 15, 2014.
(b) The Fund was made available to the separate account effective April 27, 2015.
(c) On April 25, 2016, JNL/PPM America Total Return Fund was created in the JNL Series Trust to facilitate an acquisition of a fund with the same name which was a series in JNL Investors Series Trust. Although the fund in JNL Investors Series Trust was
   legally dissolved, it is considered the acquiring fund for financial reporting purposes, and as a result, the Statement of Financial Highlights includes activity of the acquiring fund formerly in JNL Investors Series Trust for the period prior to the merger.


105
JNLNY Separate Account I
Notes to Financial Statements (continued)


Note 7 - Financial Highlights (continued)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/PPM America High Yield Bond Fund - A
 
JNL/PPM America Mid Cap Value Fund - A
 
JNL/PPM America Small Cap Value Fund - A
 
JNL/PPM America Total Return Fund - A (b) (c)
 
JNL/PPM America Value Equity Fund - A
 
JNL/Red Rocks Listed Private Equity Fund - A
 
JNL/S&P 4 Fund - A
 
JNL/S&P Competitive Advantage Fund - A
 
JNL/S&P Dividend Income & Growth Fund - A
 
JNL/S&P International 5 Fund - A (a)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Lowest expense ratio
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
23.029246

 
$
19.884754

 
$
19.616787

 
$
17.002568

 
$
33.364029

 
$
16.127133

 
$
21.484971

 
$
22.851206

 
$
21.875403

 
$
9.829925

   Total Return *
 
16.04
 %
 
26.34
 %
 
29.00
 %
 
2.74%***

 
20.11
 %
 
7.30
 %
 
9.36
 %
 
4.80
%
 
16.74
 %
 
7.36
%
   Ratio of Expenses **
 
0.85
 %
 
0.85
 %
 
1.20
 %
 
0.85
%
 
1.25
 %
 
0.85
 %
 
0.85
 %
 
0.85
%
 
0.85
 %
 
0.85
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
19.845535

 
$
15.739543

 
$
15.206775

 
$
16.056101

 
$
27.777385

 
$
15.029479

 
$
19.646838

 
$
21.803786

 
$
18.738663

 
$
9.155836

   Total Return *
 
-7.67
 %
 
-8.84
 %
 
-4.64
 %
 
-1.83%***

 
-9.83
 %
 
-1.25
 %
 
-5.85
 %
 
0.33
%
 
-0.17
 %
 
-8.43%***

   Ratio of Expenses **
 
0.85
 %
 
0.85
 %
 
1.20
 %
 
1.00
%
 
1.25
 %
 
0.85
 %
 
0.85
 %
 
0.85
%
 
0.85
 %
 
0.85
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
21.495176

 
$
17.265994

 
$
15.947097

 
 n/a

 
$
30.807024

 
$
15.220300

 
$
20.867188

 
$
21.731617

 
$
18.769706

 
$
9.432305

   Total Return *
 
-0.72
 %
 
9.51
 %
 
4.59
 %
 
n/a

 
11.10
 %
 
-0.23
 %
 
13.43
 %
 
10.06%***

 
6.16%***

 
2.84%***

   Ratio of Expenses **
 
0.85
 %
 
0.85
 %
 
1.20
 %
 
n/a

 
1.25
 %
 
0.85
 %
 
0.85
 %
 
0.85
%
 
0.85
 %
 
1.00
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
21.650695

 
$
15.766040

 
$
15.247512

 
 n/a

 
$
27.729282

 
$
15.255883

 
$
18.396101

 
$
19.494925

 
$
16.299350

 
 n/a

   Total Return *
 
4.03%***

 
13.21%***

 
35.72
 %
 
n/a

 
38.49
 %
 
40.46
 %
 
24.81%***

 
23.34%***

 
29.22
 %
 
n/a

   Ratio of Expenses **
 
0.85
 %
 
0.85
 %
 
1.20
 %
 
n/a

 
1.25
 %
 
0.85
 %
 
0.85
 %
 
1.20
%
 
1.20
 %
 
n/a

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
19.736528

 
$
11.190626

 
$
11.234940

 
 n/a

 
$
20.023195

 
$
10.861067

 
$
12.819083

 
$
13.769500

 
$
12.613424

 
 n/a

   Total Return *
 
10.16%***

 
6.15%***

 
18.25%***

 
n/a

 
14.22
 %
 
20.39%***

 
-0.52%***

 
15.17
%
 
11.46
 %
 
n/a

   Ratio of Expenses **
 
1.00
 %
 
1.00
 %
 
1.20
 %
 
n/a

 
1.25
 %
 
0.85
 %
 
1.00
 %
 
1.25
%
 
1.20
 %
 
n/a

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
* Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units,inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return for Investment Divisions with no assets at period end is calculated based on the total return of the underlying Fund less expenses that are charged directly to that Investment Division of the Separate Account.
** Annualized contract expenses of Investment Divisions of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded.
*** Total return is calculated from the effective date through the end of the reporting period. The effective date is the date when the optional benefit in the variable account was elected by a contract owner.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Commencement of operations September 15, 2014.
(b) The Fund was made available to the separate account effective April 27, 2015.
(c) On April 25, 2016, JNL/PPM America Total Return Fund was created in the JNL Series Trust to facilitate an acquisition of a fund with the same name which was a series in JNL Investors Series Trust. Although the fund in JNL Investors Series Trust was
   legally dissolved, it is considered the acquiring fund for financial reporting purposes, and as a result, the Statement of Financial Highlights includes activity of the acquiring fund formerly in JNL Investors Series Trust for the period prior to the merger.


106
JNLNY Separate Account I
Notes to Financial Statements (continued)


Note 7 - Financial Highlights (continued)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/PPM America High Yield Bond Fund - A
 
JNL/PPM America Mid Cap Value Fund - A
 
JNL/PPM America Small Cap Value Fund - A
 
JNL/PPM America Total Return Fund - A (b) (c)
 
JNL/PPM America Value Equity Fund - A
 
JNL/Red Rocks Listed Private Equity Fund - A
 
JNL/S&P 4 Fund - A
 
JNL/S&P Competitive Advantage Fund - A
 
JNL/S&P Dividend Income & Growth Fund - A
 
JNL/S&P International 5 Fund - A (a)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Investment Division data
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
111,261

 
$
34,770

 
$
50,725

 
$
19,420

 
$
11,881

 
$
24,100

 
$
480,088

 
$
68,526

 
$
307,479

 
$
1,893

   Units Outstanding (in thousands)
 
5,457

 
1,839

 
2,659

 
1,192

 
413

 
1,547

 
23,595

 
3,176

 
14,926

 
194

   Investment Income Ratio *
 
0.18
%
 
0.61
%
 
0.05
%
 
4.33
%
 
2.05
%
 
4.34
%
 
0.00
%
 
1.00
%
 
2.54
%
 
3.80
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
88,965

 
$
18,514

 
$
27,059

 
$
4,717

 
$
8,505

 
$
25,383

 
$
409,478

 
$
63,579

 
$
188,179

 
$
1,738

   Units Outstanding (in thousands)
 
5,029

 
1,230

 
1,825

 
306

 
363

 
1,743

 
21,910

 
3,072

 
10,617

 
190

   Investment Income Ratio *
 
5.67
%
 
0.73
%
 
0.71
%
 
6.56
%
 
0.00
%
 
5.80
%
 
5.32
%
 
0.80
%
 
2.47
%
 
1.12
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
106,798

 
$
17,365

 
$
12,126

 
 n/a

 
$
9,690

 
$
24,826

 
$
314,115

 
$
43,253

 
$
182,015

 
$
142

   Units Outstanding (in thousands)
 
5,576

 
1,046

 
775

 
n/a

 
374

 
1,680

 
15,734

 
2,092

 
10,200

 
15

   Investment Income Ratio *
 
6.12
%
 
0.61
%
 
0.29
%
 
n/a

 
5.14
%
 
7.27
%
 
2.42
%
 
0.32
%
 
1.50
%
 
0.00
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
89,003

 
$
10,913

 
$
8,596

 
 n/a

 
$
7,682

 
$
22,471

 
$
167,200

 
$
32,333

 
$
129,777

 
 n/a

   Units Outstanding (in thousands)
 
4,628

 
719

 
573

 
n/a

 
339

 
1,516

 
9,461

 
1,696

 
8,150

 
n/a

   Investment Income Ratio *
 
6.48
%
 
0.57
%
 
0.39
%
 
n/a

 
1.34
%
 
9.56
%
 
0.84
%
 
0.80
%
 
2.03
%
 
n/a

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
71,646

 
$
5,314

 
$
4,598

 
 n/a

 
$
5,003

 
$
12,552

 
$
67,214

 
$
14,021

 
$
55,100

 
 n/a

   Units Outstanding (in thousands)
 
4,004

 
488

 
415

 
n/a

 
320

 
1,191

 
5,399

 
1,035

 
4,453

 
n/a

   Investment Income Ratio *
 
5.98
%
 
0.36
%
 
1.08
%
 
n/a

 
1.38
%
 
0.00
%
 
1.88
%
 
0.69
%
 
1.77
%
 
n/a

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
*    These amounts represent the dividends, excluding distributions of capital gains, received by the Investment Division from the underlying Fund divided by the average net assets.  In some instances, the investment income ratio may be rounded to 0.00% even though the Investment Division received dividend income from the underlying Fund.
(a) Commencement of operations September 15, 2014.
(b) The Fund was made available to the separate account effective April 27, 2015.
(c) On April 25, 2016, JNL/PPM America Total Return Fund was created in the JNL Series Trust to facilitate an acquisition of a fund with the same name which was a series in JNL Investors Series Trust. Although the fund in JNL Investors Series Trust was
   legally dissolved, it is considered the acquiring fund for financial reporting purposes, and as a result, the Statement of Financial Highlights includes activity of the acquiring fund formerly in JNL Investors Series Trust for the period prior to the merger.


107
JNLNY Separate Account I
Notes to Financial Statements (continued)


Note 7 - Financial Highlights (continued)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/S&P Intrinsic Value Fund - A
 
JNL/S&P Managed Aggressive Growth Fund - A
 
JNL/S&P Managed Conservative Fund - A
 
JNL/S&P Managed Growth Fund - A
 
JNL/S&P Managed Moderate Fund - A
 
JNL/S&P Managed Moderate Growth Fund - A
 
JNL/S&P Mid 3 Fund - A (a)
 
JNL/S&P Total Yield Fund - A
 
JNL/Scout Unconstrained Bond Fund - A (a)
 
JNL/T. Rowe Price Established Growth Fund - A
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Highest expense ratio
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
17.542631

 
$
14.526331

 
$
11.451893

 
$
13.977122

 
$
12.613225

 
$
13.159547

 
$
11.259613

 
$
16.630240

 
$
9.674716

 
$
31.401944

   Total Return *
 
2.53
 %
 
2.39
 %
 
2.00
 %
 
2.11
 %
 
2.38
 %
 
1.84
 %
 
15.02
%
 
9.51
 %
 
3.24
 %
 
-2.54
 %
   Ratio of Expenses **
 
2.645
 %
 
3.47
 %
 
2.92
 %
 
3.67
 %
 
3.06
 %
 
3.62
 %
 
2.46
%
 
2.81
 %
 
1.25
 %
 
4.00
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
17.109588

 
$
14.186639

 
$
11.227064

 
$
13.688595

 
$
12.320149

 
$
12.921449

 
$
9.789655

 
$
15.186258

 
$
9.371504

 
$
32.220403

   Total Return *
 
-16.09
 %
 
-3.64
 %
 
-4.40
 %
 
-3.80
 %
 
-4.11
 %
 
-4.29
 %
 
-15.00%***

 
-10.28
 %
 
-1.76
 %
 
6.36
 %
   Ratio of Expenses **
 
2.645
 %
 
3.47
 %
 
2.92
 %
 
3.67
 %
 
3.06
 %
 
3.62
 %
 
2.46
%
 
2.81
 %
 
1.25
 %
 
4.00
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
20.390385

 
$
14.722139

 
$
11.743388

 
$
14.229284

 
$
12.847889

 
$
13.500712

 
$
11.256496

 
$
16.926497

 
$
9.538960

 
$
30.293957

   Total Return *
 
14.96
 %
 
2.94
 %
 
0.15
 %
 
1.83
 %
 
0.84
 %
 
0.79
 %
 
4.70%***

 
12.68
 %
 
-3.96%***

 
4.45
 %
   Ratio of Expenses **
 
2.645
 %
 
3.47
 %
 
2.92
 %
 
3.67
 %
 
3.06
 %
 
3.62
 %
 
2.00
%
 
2.81
 %
 
1.25
 %
 
4.00
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
17.737411

 
$
14.301457

 
$
11.725503

 
$
13.974207

 
$
12.740242

 
$
13.394953

 
 n/a

 
$
15.021726

 
 n/a

 
$
29.004459

   Total Return *
 
46.03
 %
 
21.48
 %
 
1.51
 %
 
18.17
 %
 
7.10
 %
 
11.73
 %
 
n/a

 
47.48
 %
 
n/a

 
33.23
 %
   Ratio of Expenses **
 
2.645
 %
 
3.47
 %
 
2.92
 %
 
3.67
 %
 
3.06
 %
 
3.62
 %
 
n/a

 
2.81
 %
 
n/a

 
4.00
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
12.146108

 
$
11.772322

 
$
11.550775

 
$
11.825962

 
$
11.895904

 
$
11.988953

 
 n/a

 
$
10.185716

 
 n/a

 
$
21.770550

   Total Return *
 
11.12
 %
 
11.88
 %
 
5.63
 %
 
11.17
 %
 
7.57
 %
 
9.68
 %
 
n/a

 
18.45
 %
 
n/a

 
14.16
 %
   Ratio of Expenses **
 
2.645
 %
 
3.47
 %
 
2.92
 %
 
3.67
 %
 
3.06
 %
 
3.62
 %
 
n/a

 
2.81
 %
 
n/a

 
4.00
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
* Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units,inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return for Investment Divisions with no assets at period end is calculated based on the total return of the underlying Fund less expenses that are charged directly to that Investment Division of the Separate Account.
** Annualized contract expenses of Investment Divisions of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded.
*** Total return is calculated from the effective date through the end of the reporting period. The effective date is the date when the optional benefit in the variable account was elected by a contract owner.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Commencement of operations April 28, 2014.
 
 
 

108
JNLNY Separate Account I
Notes to Financial Statements (continued)


Note 7 - Financial Highlights (continued)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/S&P Intrinsic Value Fund - A
 
JNL/S&P Managed Aggressive Growth Fund - A
 
JNL/S&P Managed Conservative Fund - A
 
JNL/S&P Managed Growth Fund - A
 
JNL/S&P Managed Moderate Fund - A
 
JNL/S&P Managed Moderate Growth Fund - A
 
JNL/S&P Mid 3 Fund - A (a)
 
JNL/S&P Total Yield Fund - A
 
JNL/Scout Unconstrained Bond Fund - A (a)
 
JNL/T. Rowe Price Established Growth Fund - A
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Lowest expense ratio
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
20.650541

 
$
22.224036

 
$
14.134589

 
$
22.200317

 
$
15.837097

 
$
20.705138

 
$
11.754901

 
$
19.867993

 
$
9.778751

 
$
62.074157

   Total Return *
 
4.38
 %
 
4.74
 %
 
3.77
 %
 
4.65
 %
 
4.30
 %
 
4.33
 %
 
16.90
 %
 
11.67
 %
 
3.65
 %
 
0.57
%
   Ratio of Expenses **
 
0.85
 %
 
1.20
 %
 
1.20
 %
 
1.20
 %
 
1.20
 %
 
1.20
 %
 
0.85
 %
 
0.85
 %
 
0.85
 %
 
0.85
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
19.783427

 
$
21.218489

 
$
13.621413

 
$
21.212985

 
$
15.184807

 
$
19.845710

 
$
10.055207

 
$
17.791675

 
$
9.434572

 
$
61.722195

   Total Return *
 
-14.57
 %
 
-1.42
 %
 
-2.74
 %
 
-1.39
 %
 
-2.31
 %
 
-1.95
 %
 
-11.37
 %
 
-8.51
 %
 
-1.36
 %
 
9.76
%
   Ratio of Expenses **
 
0.85
 %
 
1.20
 %
 
1.20
 %
 
1.20
 %
 
1.20
 %
 
1.20
 %
 
0.85
 %
 
0.85
 %
 
0.85
 %
 
0.85
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
23.157493

 
$
21.525177

 
$
14.004861

 
$
21.512865

 
$
15.543434

 
$
20.239581

 
$
11.344547

 
$
19.445569

 
$
9.564822

 
$
56.232230

   Total Return *
 
13.83%***

 
5.31
 %
 
1.89
 %
 
4.37
 %
 
2.74
 %
 
3.26
 %
 
12.03%***

 
7.26%***

 
-1.11%***

 
7.79
%
   Ratio of Expenses **
 
0.85
 %
 
1.20
 %
 
1.20
 %
 
1.20
 %
 
1.20
 %
 
1.20
 %
 
0.85
 %
 
0.85
 %
 
0.85
 %
 
0.85
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
19.311174

 
$
20.440770

 
$
13.745057

 
$
20.611744

 
$
15.129153

 
$
19.600872

 
 n/a

 
$
16.565974

 
 n/a

 
$
52.169036

   Total Return *
 
48.09
 %
 
24.27
 %
 
3.27
 %
 
21.12
 %
 
9.11
 %
 
14.46
 %
 
n/a

 
49.87
 %
 
n/a

 
28.82%***

   Ratio of Expenses **
 
1.25
 %
 
1.20
 %
 
1.20
 %
 
1.20
 %
 
1.20
 %
 
1.20
 %
 
n/a

 
1.20
 %
 
n/a

 
0.85
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
13.040569

 
$
16.448262

 
$
13.309324

 
$
17.017523

 
$
13.866156

 
$
17.123982

 
 n/a

 
$
11.053407

 
 n/a

 
$
36.952947

   Total Return *
 
12.69
 %
 
14.46
 %
 
7.47
 %
 
13.96
 %
 
9.60%***

 
12.38
 %
 
n/a

 
1.63%***

 
n/a

 
10.06%***

   Ratio of Expenses **
 
1.25
 %
 
1.20
 %
 
1.20
 %
 
1.20
 %
 
1.20
 %
 
1.20
 %
 
n/a

 
1.20
 %
 
n/a

 
1.00
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
* Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units,inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return for Investment Divisions with no assets at period end is calculated based on the total return of the underlying Fund less expenses that are charged directly to that Investment Division of the Separate Account.
** Annualized contract expenses of Investment Divisions of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded.
*** Total return is calculated from the effective date through the end of the reporting period. The effective date is the date when the optional benefit in the variable account was elected by a contract owner.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Commencement of operations April 28, 2014.
 
 
 

109
JNLNY Separate Account I
Notes to Financial Statements (continued)


Note 7 - Financial Highlights (continued)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/S&P Intrinsic Value Fund - A
 
JNL/S&P Managed Aggressive Growth Fund - A
 
JNL/S&P Managed Conservative Fund - A
 
JNL/S&P Managed Growth Fund - A
 
JNL/S&P Managed Moderate Fund - A
 
JNL/S&P Managed Moderate Growth Fund - A
 
JNL/S&P Mid 3 Fund - A (a)
 
JNL/S&P Total Yield Fund - A
 
JNL/Scout Unconstrained Bond Fund - A (a)
 
JNL/T. Rowe Price Established Growth Fund - A
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Investment Division data
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
56,749

 
$
130,472

 
$
135,240

 
$
347,472

 
$
286,630

 
$
446,163

 
$
18,664

 
$
40,780

 
$
4,548

 
$
268,609

   Units Outstanding (in thousands)
 
2,913

 
6,298

 
10,004

 
16,703

 
18,847

 
22,940

 
1,612

 
2,175

 
467

 
5,041

   Investment Income Ratio *
 
2.62
%
 
0.00
%
 
0.00
%
 
0.00
%
 
0.00
%
 
0.00
%
 
1.58
%
 
1.92
%
 
0.77
%
 
0.00
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
59,765

 
$
135,512

 
$
142,097

 
$
339,937

 
$
280,867

 
$
443,578

 
$
11,122

 
$
30,621

 
$
3,733

 
$
259,476

   Units Outstanding (in thousands)
 
3,189

 
6,882

 
10,875

 
17,079

 
19,230

 
23,737

 
1,117

 
1,816

 
397

 
4,907

   Investment Income Ratio *
 
1.09
%
 
0.00
%
 
0.00
%
 
0.00
%
 
0.00
%
 
0.00
%
 
0.18
%
 
1.34
%
 
0.00
%
 
0.00
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
59,875

 
$
135,815

 
$
146,026

 
$
339,783

 
$
291,636

 
$
454,436

 
$
3,468

 
$
33,313

 
$
1,767

 
$
168,167

   Units Outstanding (in thousands)
 
2,720

 
6,774

 
10,833

 
16,781

 
19,457

 
23,808

 
307

 
1,800

 
185

 
3,516

   Investment Income Ratio *
 
0.83
%
 
0.48
%
 
0.30
%
 
0.54
%
 
0.21
%
 
0.24
%
 
0.00
%
 
0.99
%
 
0.00
%
 
0.00
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
36,298

 
$
121,398

 
$
143,689

 
$
298,547

 
$
264,135

 
$
403,506

 
 n/a

 
$
17,480

 
 n/a

 
$
149,250

   Units Outstanding (in thousands)
 
1,916

 
6,367

 
10,837

 
15,340

 
18,062

 
21,809

 
n/a

 
1,080

 
n/a

 
3,368

   Investment Income Ratio *
 
1.05
%
 
0.77
%
 
0.58
%
 
0.90
%
 
0.46
%
 
0.51
%
 
n/a

 
1.26
%
 
n/a

 
0.08
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
13,731

 
$
77,048

 
$
146,424

 
$
221,040

 
$
236,192

 
$
325,921

 
 n/a

 
$
5,496

 
 n/a

 
$
101,080

   Units Outstanding (in thousands)
 
1,071

 
5,056

 
11,378

 
13,768

 
17,574

 
20,148

 
n/a

 
506

 
n/a

 
3,156

   Investment Income Ratio *
 
0.78
%
 
0.92
%
 
2.50
%
 
1.21
%
 
1.85
%
 
1.50
%
 
n/a

 
1.07
%
 
n/a

 
0.00
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
*    These amounts represent the dividends, excluding distributions of capital gains, received by the Investment Division from the underlying Fund divided by the average net assets.  In some instances, the investment income ratio may be rounded to 0.00% even though the Investment Division received dividend income from the underlying Fund.
(a) Commencement of operations April 28, 2014.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


110
JNLNY Separate Account I
Notes to Financial Statements (continued)


Note 7 - Financial Highlights (continued)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/T. Rowe Price Mid-Cap Growth Fund - A
 
JNL/T. Rowe Price Short-Term Bond Fund - A
 
JNL/T. Rowe Price Value Fund - A
 
JNL/Westchester Capital Event Driven Fund - A (a)
 
JNL/WMC Balanced Fund - A
 
JNL/WMC Money Market Fund - A
 
JNL/WMC Value Fund - A
 
JNL/MC Communications Sector Fund - A
 
JNL/MC Consumer Brands Sector Fund - A
 
JNL/MC Financial Sector Fund - A
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Highest expense ratio
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
49.964507

 
$
8.862612

 
$
18.596791

 
$
9.541545

 
$
28.572122

 
$
8.311313

 
$
24.528184

 
$
7.256261

 
$
16.650363

 
$
10.730800

   Total Return *
 
1.93
%
 
-1.37
 %
 
6.94
 %
 
1.38
%
 
7.23
 %
 
-3.00
 %
 
9.40
 %
 
19.84
 %
 
2.42
%
 
20.32
 %
   Ratio of Expenses **
 
4.00
%
 
2.81
 %
 
3.595
 %
 
1.25
%
 
3.30
 %
 
3.06
 %
 
3.62
 %
 
3.06
 %
 
3.595
%
 
3.10
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
49.019037

 
$
8.985961

 
$
17.389913

 
$
9.411507

 
$
26.645724

 
$
8.568705

 
$
22.420084

 
$
6.054948

 
$
16.257361

 
$
8.918358

   Total Return *
 
2.29
%
 
-2.46
 %
 
-5.31
 %
 
-6.10%***

 
-4.14
 %
 
-3.01
 %
 
-6.57
 %
 
-0.37
 %
 
2.16
%
 
-4.14
 %
   Ratio of Expenses **
 
4.00
%
 
2.81
 %
 
3.595
 %
 
1.25
%
 
3.30
 %
 
3.06
 %
 
3.62
 %
 
3.06
 %
 
3.595
%
 
3.10
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
47.920519

 
$
9.212594

 
$
18.365119

 
 n/a

 
$
27.796839

 
$
8.834862

 
$
23.995506

 
$
6.077288

 
$
15.914213

 
$
9.303494

   Total Return *
 
8.40
%
 
-2.36
 %
 
9.25
 %
 
n/a

 
6.30
 %
 
-3.01
 %
 
7.37
 %
 
2.34
 %
 
6.90
%
 
9.61
 %
   Ratio of Expenses **
 
4.00
%
 
2.81
 %
 
3.595
 %
 
n/a

 
3.30
 %
 
3.06
 %
 
3.62
 %
 
3.06
 %
 
3.595
%
 
3.10
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
44.205722

 
$
9.434969

 
$
16.810898

 
 n/a

 
$
26.150020

 
$
9.109248

 
$
22.348000

 
$
5.938096

 
$
14.887088

 
$
8.487959

   Total Return *
 
31.15
%
 
-2.68
 %
 
32.29
 %
 
n/a

 
15.46
 %
 
-3.01
 %
 
26.39
 %
 
17.37
 %
 
36.12
%
 
29.28
 %
   Ratio of Expenses **
 
4.00
%
 
2.81
 %
 
3.595
 %
 
n/a

 
3.30
 %
 
3.06
 %
 
3.62
 %
 
3.06
 %
 
3.595
%
 
3.10
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
33.706054

 
$
9.694295

 
$
12.707361

 
 n/a

 
$
22.649504

 
$
9.392217

 
$
17.682097

 
$
5.059207

 
$
10.936346

 
$
6.565716

   Total Return *
 
9.12
%
 
-0.40
 %
 
15.11
 %
 
n/a

 
6.51
 %
 
-3.02
 %
 
12.20
 %
 
16.70
 %
 
19.10
%
 
22.26
 %
   Ratio of Expenses **
 
4.00
%
 
2.81
 %
 
3.595
 %
 
n/a

 
3.30
 %
 
3.06
 %
 
3.62
 %
 
3.06
 %
 
3.595
%
 
3.10
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
* Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units,inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return for Investment Divisions with no assets at period end is calculated based on the total return of the underlying Fund less expenses that are charged directly to that Investment Division of the Separate Account.
** Annualized contract expenses of Investment Divisions of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded.
*** Total return is calculated from the effective date through the end of the reporting period. The effective date is the date when the optional benefit in the variable account was elected by a contract owner.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Commencement of operations April 27, 2015.


111
JNLNY Separate Account I
Notes to Financial Statements (continued)


Note 7 - Financial Highlights (continued)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/T. Rowe Price Mid-Cap Growth Fund - A
 
JNL/T. Rowe Price Short-Term Bond Fund - A
 
JNL/T. Rowe Price Value Fund - A
 
JNL/Westchester Capital Event Driven Fund - A (a)
 
JNL/WMC Balanced Fund - A
 
JNL/WMC Money Market Fund - A
 
JNL/WMC Value Fund - A
 
JNL/MC Communications Sector Fund - A
 
JNL/MC Consumer Brands Sector Fund - A
 
JNL/MC Financial Sector Fund - A
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Lowest expense ratio
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
93.572982

 
$
10.923690

 
$
29.383960

 
$
9.579756

 
$
48.542438

 
$
13.405339

 
$
35.126838

 
$
10.682603

 
$
26.906301

 
$
15.901007

   Total Return *
 
4.92
%
 
0.57
 %
 
9.91
 %
 
1.64
%
 
9.88
 %
 
-0.84
 %
 
12.19
 %
 
22.51
%
 
5.26
%
 
23.05
 %
   Ratio of Expenses **
 
1.10
%
 
0.85
 %
 
0.85
 %
 
1.00
%
 
0.85
 %
 
0.85
 %
 
1.10
 %
 
0.85
%
 
0.85
%
 
0.85
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
89.185169

 
$
10.861319

 
$
26.735011

 
$
9.425575

 
$
44.176861

 
$
13.519203

 
$
31.310920

 
$
8.719714

 
$
25.561759

 
$
12.922062

   Total Return *
 
5.30
%
 
-0.53
 %
 
-2.67
 %
 
-5.93%***

 
-1.76
 %
 
-0.85
 %
 
-4.18
 %
 
1.86
%
 
5.00
%
 
-1.96
 %
   Ratio of Expenses **
 
1.10
%
 
0.85
 %
 
0.85
 %
 
1.00
%
 
0.85
 %
 
0.85
 %
 
1.10
 %
 
0.85
%
 
0.85
%
 
0.85
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
84.694266

 
$
10.919162

 
$
27.469745

 
 n/a

 
$
44.969905

 
$
13.634433

 
$
32.677119

 
$
8.560594

 
$
24.344656

 
$
13.180174

   Total Return *
 
11.59
%
 
-0.42
 %
 
12.29
 %
 
n/a

 
8.93
 %
 
-0.84
 %
 
10.11
 %
 
1.89%***

 
9.87
%
 
12.10
 %
   Ratio of Expenses **
 
1.10
%
 
0.85
 %
 
0.85
 %
 
n/a

 
0.85
 %
 
0.85
 %
 
1.10
 %
 
0.85
%
 
0.85
%
 
0.85
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
75.895422

 
$
10.965523

 
$
24.464134

 
 n/a

 
$
41.281711

 
$
13.750591

 
$
29.676154

 
$
8.005423

 
$
22.156773

 
$
11.757276

   Total Return *
 
35.01
%
 
-0.59%***

 
21.30%***

 
n/a

 
14.41%***

 
-0.37%***

 
29.61
 %
 
19.81
%
 
12.21%***

 
5.19%***

   Ratio of Expenses **
 
1.10
%
 
0.85
 %
 
0.85
 %
 
n/a

 
0.85
 %
 
0.85
 %
 
1.10
 %
 
1.00
%
 
0.85
%
 
0.85
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
56.214659

 
$
10.938309

 
$
17.653107

 
 n/a

 
$
33.979116

 
$
13.505871

 
$
22.895903

 
$
6.681594

 
$
15.518465

 
$
8.482107

   Total Return *
 
12.34
%
 
-0.14%***

 
10.65%***

 
n/a

 
-0.95%***

 
-0.56%***

 
15.07
 %
 
-0.81%***

 
0.76%***

 
24.61
 %
   Ratio of Expenses **
 
1.10
%
 
1.00
 %
 
1.00
 %
 
n/a

 
1.00
 %
 
1.00
 %
 
1.10
 %
 
1.00
%
 
1.00
%
 
1.20
 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
* Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units,inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return for Investment Divisions with no assets at period end is calculated based on the total return of the underlying Fund less expenses that are charged directly to that Investment Division of the Separate Account.
** Annualized contract expenses of Investment Divisions of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded.
*** Total return is calculated from the effective date through the end of the reporting period. The effective date is the date when the optional benefit in the variable account was elected by a contract owner.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a) Commencement of operations April 27, 2015.


112
JNLNY Separate Account I
Notes to Financial Statements (continued)


Note 7 - Financial Highlights (continued)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/T. Rowe Price Mid-Cap Growth Fund - A
 
JNL/T. Rowe Price Short-Term Bond Fund - A
 
JNL/T. Rowe Price Value Fund - A
 
JNL/Westchester Capital Event Driven Fund - A (a)
 
JNL/WMC Balanced Fund - A
 
JNL/WMC Money Market Fund - A
 
JNL/WMC Value Fund - A
 
JNL/MC Communications Sector Fund - A
 
JNL/MC Consumer Brands Sector Fund - A
 
JNL/MC Financial Sector Fund - A
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Investment Division data
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
206,574

 
$
62,320

 
$
123,667

 
$
155

 
$
319,121

 
$
76,889

 
$
49,470

 
$
13,656

 
$
54,713

 
$
80,812

   Units Outstanding (in thousands)
 
2,450

 
6,082

 
4,742

 
16

 
7,473

 
6,479

 
1,502

 
1,421

 
2,266

 
5,684

   Investment Income Ratio *
 
0.00
%
 
1.28
%
 
1.91
%
 
0.16
%
 
1.39
%
 
0.00
%
 
1.08
%
 
2.73
%
 
0.69
%
 
1.58
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
199,716

 
$
58,280

 
$
103,769

 
$
33

 
$
228,923

 
$
70,791

 
$
44,306

 
$
11,240

 
$
60,047

 
$
52,080

   Units Outstanding (in thousands)
 
2,485

 
5,700

 
4,354

 
4

 
5,904

 
5,888

 
1,505

 
1,447

 
2,622

 
4,502

   Investment Income Ratio *
 
0.00
%
 
1.03
%
 
0.83
%
 
0.00
%
 
1.17
%
 
0.00
%
 
1.49
%
 
3.61
%
 
0.53
%
 
1.19
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
162,598

 
$
47,459

 
$
98,722

 
 n/a

 
$
214,173

 
$
67,667

 
$
44,081

 
$
12,293

 
$
30,112

 
$
39,790

   Units Outstanding (in thousands)
 
2,134

 
4,599

 
4,005

 
n/a

 
5,422

 
5,497

 
1,429

 
1,608

 
1,375

 
3,361

   Investment Income Ratio *
 
0.15
%
 
1.15
%
 
0.83
%
 
n/a

 
1.34
%
 
0.00
%
 
1.45
%
 
2.93
%
 
0.57
%
 
0.93
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
131,138

 
$
44,959

 
$
74,023

 
 n/a

 
$
145,061

 
$
58,662

 
$
40,693

 
$
9,606

 
$
27,063

 
$
33,962

   Units Outstanding (in thousands)
 
1,919

 
4,322

 
3,345

 
n/a

 
3,995

 
4,817

 
1,448

 
1,311

 
1,353

 
3,234

   Investment Income Ratio *
 
0.00
%
 
1.56
%
 
1.25
%
 
n/a

 
1.54
%
 
0.00
%
 
1.91
%
 
2.43
%
 
0.68
%
 
0.92
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
95,965

 
$
31,283

 
$
47,218

 
 n/a

 
$
98,608

 
$
45,026

 
$
27,688

 
$
10,005

 
$
12,972

 
$
19,350

   Units Outstanding (in thousands)
 
1,902

 
2,973

 
2,883

 
n/a

 
3,212

 
3,689

 
1,275

 
1,611

 
906

 
2,433

   Investment Income Ratio *
 
0.21
%
 
1.07
%
 
1.41
%
 
n/a

 
1.30
%
 
0.00
%
 
2.30
%
 
3.49
%
 
0.57
%
 
1.05
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
*    These amounts represent the dividends, excluding distributions of capital gains, received by the Investment Division from the underlying Fund divided by the average net assets.  In some instances, the investment income ratio may be rounded to 0.00% even though the Investment Division received dividend income from the underlying Fund.
(a) Commencement of operations April 27, 2015.


113
JNLNY Separate Account I
Notes to Financial Statements (continued)


Note 7 - Financial Highlights (continued)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/MC Healthcare Sector Fund - A
 
JNL/MC JNL 5 Fund - A
 
JNL/MC Nasdaq 100 Fund - A
 
JNL/MC Oil & Gas Sector Fund - A
 
JNL/MC S&P 24 Fund - A
 
JNL/MC S&P SMid 60 Fund - A
 
JNL/MC Technology Sector Fund - A
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Highest expense ratio
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
17.472134

 
$
14.903776

 
$
19.505068

 
$
23.275798

 
$
12.624733

 
$
17.617522

 
$
9.596232

 
 
 
 
 
 
   Total Return *
 
-7.23
 %
 
8.48
 %
 
4.94
 %
 
22.64
 %
 
0.07
 %
 
30.70
 %
 
9.85
%
 
 
 
 
 
 
   Ratio of Expenses **
 
3.62
 %
 
3.36
 %
 
2.82
 %
 
3.67
 %
 
2.695
 %
 
2.80
 %
 
3.10
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
18.834232

 
$
13.738420

 
$
18.586349

 
$
18.978638

 
$
12.615395

 
$
13.479578

 
$
8.736021

 
 
 
 
 
 
   Total Return *
 
2.79
 %
 
-6.22
 %
 
-1.39
 %
 
-26.02
 %
 
-10.73
 %
 
-7.68
 %
 
1.22
%
 
 
 
 
 
 
   Ratio of Expenses **
 
3.62
 %
 
3.36
 %
 
2.82
 %
 
3.67
 %
 
2.695
 %
 
2.80
 %
 
3.10
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
18.323653

 
$
14.649591

 
$
18.847701

 
$
25.654937

 
$
14.132220

 
$
14.600272

 
$
8.630642

 
 
 
 
 
 
   Total Return *
 
20.69
 %
 
7.65
 %
 
15.14
 %
 
-13.59
 %
 
2.38
 %
 
0.64
 %
 
16.93
%
 
 
 
 
 
 
   Ratio of Expenses **
 
3.62
 %
 
3.36
 %
 
2.82
 %
 
3.67
 %
 
2.695
 %
 
2.80
 %
 
3.10
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
15.182719

 
$
13.609160

 
$
16.368926

 
$
29.688434

 
$
13.803245

 
$
14.507118

 
$
7.381020

 
 
 
 
 
 
   Total Return *
 
35.88
 %
 
27.33
 %
 
37.18
 %
 
20.83
 %
 
36.77
 %
 
33.11
 %
 
22.33
%
 
 
 
 
 
 
   Ratio of Expenses **
 
3.62
 %
 
3.36
 %
 
2.82
 %
 
3.67
 %
 
2.695
 %
 
2.80
 %
 
3.10
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
11.173519

 
$
10.687935

 
$
11.932755

 
$
24.570833

 
$
10.092357

 
$
10.898391

 
$
6.033679

 
 
 
 
 
 
   Total Return *
 
14.33
 %
 
14.13
 %
 
16.32
 %
 
0.58
 %
 
8.55
 %
 
10.70
 %
 
7.83
%
 
 
 
 
 
 
   Ratio of Expenses **
 
3.62
 %
 
3.36
 %
 
2.82
 %
 
3.67
 %
 
2.695
 %
 
2.80
 %
 
3.10
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
* Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units,inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return for Investment Divisions with no assets at period end is calculated based on the total return of the underlying Fund less expenses that are charged directly to that Investment Division of the Separate Account.
** Annualized contract expenses of Investment Divisions of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded.
*** Total return is calculated from the effective date through the end of the reporting period. The effective date is the date when the optional benefit in the variable account was elected by a contract owner.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


114
JNLNY Separate Account I
Notes to Financial Statements (continued)


Note 7 - Financial Highlights (continued)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/MC Healthcare Sector Fund - A
 
JNL/MC JNL 5 Fund - A
 
JNL/MC Nasdaq 100 Fund - A
 
JNL/MC Oil & Gas Sector Fund - A
 
JNL/MC S&P 24 Fund - A
 
JNL/MC S&P SMid 60 Fund - A
 
JNL/MC Technology Sector Fund - A
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Lowest expense ratio
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
28.358986

 
$
19.413605

 
$
24.822033

 
$
38.127356

 
$
15.128682

 
$
21.271877

 
$
14.219481

 
 
 
 
 
 
   Total Return *
 
-4.63
 %
 
10.84
 %
 
7.03
%
 
26.14
 %
 
1.78
%
 
19.71%***

 
12.34
%
 
 
 
 
 
 
   Ratio of Expenses **
 
0.85
 %
 
1.20
 %
 
0.85
%
 
0.85
 %
 
1.00
%
 
0.85
 %
 
0.85
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
29.736848

 
$
17.514230

 
$
23.192699

 
$
30.226149

 
$
14.864081

 
$
15.756157

 
$
12.657594

 
 
 
 
 
 
   Total Return *
 
5.67
 %
 
-4.17
 %
 
0.58
%
 
-23.91
 %
 
-9.30%***

 
-6.00
 %
 
3.52
%
 
 
 
 
 
 
   Ratio of Expenses **
 
0.85
 %
 
1.20
 %
 
0.85
%
 
0.85
 %
 
1.00
%
 
1.00
 %
 
0.85
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
28.140272

 
$
18.276810

 
$
23.060016

 
$
39.722883

 
$
16.087525

 
$
16.761660

 
$
12.226668

 
 
 
 
 
 
   Total Return *
 
24.08
 %
 
10.00
 %
 
17.43
%
 
-11.11
 %
 
3.93
%
 
2.47
 %
 
19.59%***

 
 
 
 
 
 
   Ratio of Expenses **
 
0.85
 %
 
1.20
 %
 
0.85
%
 
0.85
 %
 
1.20
%
 
1.00
 %
 
0.85
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
22.679603

 
$
16.615938

 
$
19.636541

 
$
44.689859

 
$
15.479858

 
$
16.357605

 
$
10.003673

 
 
 
 
 
 
   Total Return *
 
4.14%***

 
30.11
 %
 
13.84%***

 
6.46%***

 
8.15%***

 
35.54
 %
 
24.93
%
 
 
 
 
 
 
   Ratio of Expenses **
 
0.85
 %
 
1.20
 %
 
0.85
%
 
0.85
 %
 
1.20
%
 
1.00
 %
 
1.00
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Unit Value
 
$
15.909183

 
$
12.770439

 
$
13.863086

 
$
35.236162

 
$
11.040021

 
$
12.068857

 
$
8.007603

 
 
 
 
 
 
   Total Return *
 
-1.98%***

 
16.63
 %
 
-1.45%***

 
-3.63%***

 
10.03
%
 
3.64%***

 
-5.30%***

 
 
 
 
 
 
   Ratio of Expenses **
 
1.00
 %
 
1.20
 %
 
1.00
%
 
1.00
 %
 
1.35
%
 
1.00
 %
 
1.00
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
* Total return for period indicated, includes changes in the value of the underlying Fund, and reflects deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units,inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return for Investment Divisions with no assets at period end is calculated based on the total return of the underlying Fund less expenses that are charged directly to that Investment Division of the Separate Account.
** Annualized contract expenses of Investment Divisions of the Separate Account, consist primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying Funds are excluded.
*** Total return is calculated from the effective date through the end of the reporting period. The effective date is the date when the optional benefit in the variable account was elected by a contract owner.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


115
JNLNY Separate Account I
Notes to Financial Statements (continued)


Note 7 - Financial Highlights (continued)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
JNL/MC Healthcare Sector Fund - A
 
JNL/MC JNL 5 Fund - A
 
JNL/MC Nasdaq 100 Fund - A
 
JNL/MC Oil & Gas Sector Fund - A
 
JNL/MC S&P 24 Fund - A
 
JNL/MC S&P SMid 60 Fund - A
 
JNL/MC Technology Sector Fund - A
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Investment Division data
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
191,888

 
$
231,269

 
$
62,959

 
$
111,069

 
$
26,775

 
$
39,457

 
$
124,001

 
 
 
 
 
 
   Units Outstanding (in thousands)
 
7,553

 
12,479

 
2,740

 
3,266

 
1,874

 
1,968

 
9,848

 
 
 
 
 
 
   Investment Income Ratio *
 
1.81
%
 
2.47
%
 
0.99
%
 
2.00
%
 
1.06
%
 
0.96
%
 
0.71
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
210,768

 
$
239,192

 
$
50,366

 
$
73,657

 
$
29,558

 
$
15,746

 
$
105,648

 
 
 
 
 
 
   Units Outstanding (in thousands)
 
7,893

 
14,272

 
2,333

 
2,726

 
2,098

 
1,042

 
9,382

 
 
 
 
 
 
   Investment Income Ratio *
 
0.45
%
 
2.63
%
 
0.56
%
 
1.63
%
 
1.63
%
 
2.61
%
 
0.61
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
132,507

 
$
250,441

 
$
44,616

 
$
71,624

 
$
5,163

 
$
18,732

 
$
72,883

 
 
 
 
 
 
   Units Outstanding (in thousands)
 
5,236

 
14,279

 
2,080

 
2,012

 
331

 
1,168

 
6,681

 
 
 
 
 
 
   Investment Income Ratio *
 
0.58
%
 
2.03
%
 
0.23
%
 
1.24
%
 
0.87
%
 
0.64
%
 
0.69
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
64,183

 
$
262,164

 
$
19,932

 
$
62,863

 
$
3,874

 
$
13,174

 
$
46,277

 
 
 
 
 
 
   Units Outstanding (in thousands)
 
3,136

 
16,407

 
1,086

 
1,567

 
257

 
837

 
5,053

 
 
 
 
 
 
   Investment Income Ratio *
 
0.79
%
 
2.59
%
 
0.88
%
 
1.25
%
 
0.97
%
 
1.74
%
 
0.73
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period ended December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net Assets (in thousands)
 
$
27,339

 
$
229,094

 
$
14,651

 
$
46,921

 
$
2,337

 
$
6,871

 
$
32,856

 
 
 
 
 
 
   Units Outstanding (in thousands)
 
1,865

 
18,622

 
1,112

 
1,450

 
215

 
590

 
4,470

 
 
 
 
 
 
   Investment Income Ratio *
 
0.88
%
 
2.89
%
 
0.27
%
 
1.13
%
 
0.48
%
 
0.67
%
 
0.28
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
*    These amounts represent the dividends, excluding distributions of capital gains, received by the Investment Division from the underlying Fund divided by the average net assets.  In some instances, the investment income ratio may be rounded to 0.00% even though the Investment Division received dividend income from the underlying Fund.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


116

kpmglogoa06.jpg

Report of Independent Registered Public Accounting Firm
The Board of Directors and Shareholders
Jackson National Life Insurance Company of New York and
Contract Owners of JNLNY Separate Account I:


We have audited the accompanying statement of assets and liabilities of each Investment Division within JNLNY Separate Account I (the Company), as of December 31, 2016, and the related statement of operations for the year or period then ended, the statements of changes in net assets for each year of the years in the two-year period then ended, and the financial highlights for each of the years in the five-year period then ended. These financial statements and financial highlights are the responsibility of the Company’s management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of December 31, 2016, by correspondence with the transfer agent of the underlying mutual funds and other appropriate auditing procedures. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of each Investment Division within the Company as of December 31, 2016, the results of its operations for the year then ended, the changes in its net assets for each of the years in the two-year period then ended, and the financial highlights for each of the years in the five-year period then ended, in conformity with U.S. generally accepted accounting principles.


/s/KPMG LLP

Chicago, Illinois
March 21, 2017









KPMG LLP is a Delaware limited liability partnership and the U.S. member
firm of the KPMG network of independent member firms affiliated with
KPMG International Cooperative (“KPMG International”), a Swiss entity.

117
APPENDIX B



coverpagea01.jpg


Jackson National Life Insurance Company of New York
 
 
 
Index to Financial Statements
 
December 31, 2016 and 2015
 
 
 
 
 
Report of Independent Registered Public Accounting Firm
1
 
 
Balance Sheets
2
 
 
Income Statements
3
 
 
Statements of Comprehensive Income
4
 
 
Statements of Equity
5
 
 
Statements of Cash Flows
6
 
 
Notes to Financial Statements
7



image5.jpg
KPMG LLP
Suite 500
191 West Nationwide Blvd.
Columbus, OH 43215-2568

Report of Independent Registered Public Accounting Firm
The Audit Committee of the Board of Directors
Jackson National Life Insurance Company of New York:
We have audited the accompanying balance sheets of Jackson National Life Insurance Company of New York (the Company) as of December 31, 2016 and 2015, and the related income statements, statements of comprehensive income, statements of equity, and statements of cash flows for each of the years in the three‑year period ended December 31, 2016. These consolidated financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purposes of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the Company as of December 31, 2016 and 2015, and the results of its operations and its cash flows for each of the years in the three‑year period ended December 31, 2016, in conformity with U.S. generally accepted accounting principles.
/s/KPMG LLP
Columbus, Ohio
March 21, 2017










KPMG LLP is a Delaware limited liability partnership,
the U.S. member firm of KPMG International Cooperative
(“KPMG International”), a Swiss entity.

Jackson National Life Insurance Company of New York
(a wholly owned subsidiary of Jackson National Life Insurance Company)
Balance Sheets
(In thousands, except per share information)
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31,
Assets
 
 
2016
 
2015
 
Investments:
 
 
 
 
 
 
 
Securities available for sale, at fair value:
 
 
 
 
 
 
 
Fixed maturities (amortized cost: 2016 $1,880,363; 2015 $1,792,863)
 
$
1,914,604

 
$
1,835,373

 
 
Trading securities, at fair value
 
144

 
532

 
 
Policy loans
 
 
299

 
282

 
 
 
Total investments
 
1,915,047

 
1,836,187

 
Cash and cash equivalents
 
247,616

 
119,596

 
Accrued investment income
 
16,064

 
16,636

 
Deferred acquisition costs
 
52,578

 
359,229

 
Deferred sales inducements
 
2,524

 
5,486

 
Reinsurance recoverable, net
 
1,291,394

 
139,299

 
Income taxes receivable from Parent
 
71,962

 
70,499

 
Receivable from Parent
 
—

 
562

 
Deferred income taxes, net
 
85,358

 
—

 
Separate account assets
 
9,638,780

 
8,515,156

 
 
Total assets
 
 
$
13,321,323

 
$
11,062,650

 
 
 
 
 
 
 
 
 
Liabilities and Equity
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
Reserves for future policy benefits and claims payable
 
$
193,182

 
$
185,837

 
 
Other contract holder funds
 
1,818,225

 
1,669,744

 
 
Deferred income taxes, net
 
—

 
24,111

 
 
Payable to Parent
 
905,427

 
—

 
 
Deferred gain on reinsurance
 
243,115

 
282

 
 
Other liabilities
 
58,887

 
52,321

 
 
Separate account liabilities
 
9,638,780

 
8,515,156

 
 
 
Total liabilities
 
12,857,616

 
10,447,451

 
 
 
 
 
 
 
 
 
 
Stockholder's Equity
 
 
 
 
 
 
Common stock, $1,000 par value; 2,000 shares
 
 
 
 
 
 
 
authorized, issued and outstanding
 
2,000

 
2,000

 
 
Additional paid-in capital
 
256,000

 
256,000

 
 
Accumulated other comprehensive income, net of
 
 
 
 
 
 
 
tax (benefit) expense of $(788) in 2016 and $976 in 2015
 
20,167

 
23,442

 
 
Retained earnings
 
185,540

 
333,757

 
 
 
Total stockholder's equity
 
463,707

 
615,199

 
 
 
Total liabilities and stockholder's equity
 
$
13,321,323

 
$
11,062,650



See accompanying Notes to Financial Statements

2
Jackson National Life Insurance Company of New York
(a wholly owned subsidiary of Jackson National Life Insurance Company)
Income Statements
(In thousands)
 
 
 

 
 
 
 
 
Years Ended December 31,
 
 
 
 
 
2016
 
2015
 
2014
Revenues
 
 
 
 
 
 
Fee income
$
233,440

 
$
213,379

 
$
180,616

 
Premium, net of reinsurance
(116,928
)
 
(74,889
)
 
(61,144
)
 
Net investment income
80,199

 
78,753

 
81,690

 
Net realized gains (losses) on investments:
 
 
 
 
 
 
 
Total other-than-temporary impairments
(2,440
)
 
(1,525
)
 
(2,642
)
 
 
Portion of other-than-temporary impairments included in
 
 
 
 
 
 
 
 
other comprehensive income
142

 
(32
)
 
1,890

 
 
Net other-than-temporary impairments
(2,298
)
 
(1,557
)
 
(752
)
 
 
Other investment gains
13,214

 
1,047

 
4,018

 
 
Total net realized gains (losses) on investments
10,916

 
(510
)
 
3,266

 
Other income
35,565

 
135

 
147

 
 
Total revenues
243,192

 
216,868

 
204,575

Benefits and Expenses
 
 
 
 
 
 
Death, other policy benefits and change in policy reserves, net of deferrals
9,081

 
(15,068
)
 
27,668

 
Interest credited on other contract holder funds, net of deferrals
40,743

 
38,637

 
39,481

 
Operating costs and other expenses, net of deferrals
72,685

 
70,004

 
60,430

 
Amortization of deferred acquisition and sales inducement costs
381,530

 
49,019

 
29,718

 
 
Total benefits and expenses
504,039

 
142,592

 
157,297

 
 
 
Pretax (loss) income
(260,847
)
 
74,276

 
47,278

 
Income tax (benefit) expense
(112,630
)
 
10,401

 
10,336

 
 
Net (loss) income
$
(148,217
)
 
$
63,875

 
$
36,942



See accompanying Notes to Financial Statements

3
Jackson National Life Insurance Company of New York
(a wholly owned subsidiary of Jackson National Life Insurance Company)
Statements of Comprehensive Income
(In thousands)
 
 
 

 
 
 
 
 
Years Ended December 31,
 
 
 
 
 
2016
 
2015
 
2014
Net (loss) income
 
$
(148,217
)
 
$
63,875

 
$
36,942

 
 
 
 
 
 
 
 
 
 
Other comprehensive (loss) income, net of tax:
 
 
 
 
 
 
 
Net unrealized (losses) gains on securities not other-than-temporarily impaired (net of tax (benefit) expense of: 2016 $(287); 2015 $(11,300); 2014 $5,389)
 
(531
)
 
(20,987
)
 
10,007

 
 
 
 
 
 
 
 
 
 
 
Net unrealized (losses) gains on other-than-temporarily impaired securities (net of tax (benefit) expense of: 2016 $(42); 2015 $8; 2014 $(526))
 
(79
)
 
16

 
(977
)
 
 
 
 
 
 
 
 
 
 
 
Reclassification adjustment for losses included in net income (net of tax benefit of: 2016 $1,435; 2015 $741; 2014 $1,011)
 
(2,665
)
 
(1,376
)
 
(1,877
)
Total other comprehensive (loss) income
 
(3,275
)
 
(22,347
)
 
7,153

Comprehensive (loss) income
 
$
(151,492
)
 
$
41,528

 
$
44,095



See accompanying Notes to Financial Statements

4
Jackson National Life Insurance Company of New York
(a wholly owned subsidiary of Jackson National Life Insurance Company)
Statements of Stockholder's Equity
(In thousands)
 
 
 

 
 
 
 
 
 
 
 
Accumulated
 
 
 
 
 
 
 
 
 
 
Additional
 
Other
 
 
 
Total
 
 
 
 
Common
 
Paid-In
 
Comprehensive
 
Retained
 
Stockholder's
 
 
 
 
Stock
 
Capital
 
Income
 
Earnings
 
Equity
Balances as of December 31, 2013
$
2,000

 
$
256,000

 
$
38,636

 
$
232,940

 
$
529,576

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income
—

 
—

 
—

 
36,942

 
36,942

 
Change in unrealized investment gains
 
 
 
 
 
 
 
 
 
 
 
and losses, net of tax
—

 
—

 
7,153

 
—

 
7,153

Balances as of December 31, 2014
2,000

 
256,000

 
45,789

 
269,882

 
573,671

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income
—

 
—

 
—

 
63,875

 
63,875

 
Change in unrealized investment gains
 
 
 
 
 
 
 
 
 
 
 
and losses, net of tax
—

 
—

 
(22,347
)
 
—

 
(22,347
)
Balances as of December 31, 2015
2,000

 
256,000

 
23,442

 
333,757

 
615,199

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net loss
—

 
—

 
—

 
(148,217
)
 
(148,217
)
 
Change in unrealized investment gains
 
 
 
 
 
 
 
 
 
 
 
and losses, net of tax
—

 
—

 
(3,275
)
 
—

 
(3,275
)
Balances as of December 31, 2016
$
2,000

 
$
256,000

 
$
20,167

 
$
185,540

 
$
463,707



See accompanying Notes to Financial Statements

5
Jackson National Life Insurance Company of New York
(a wholly owned subsidiary of Jackson National Life Insurance Company)
Statements of Cash Flows
(In thousands)
 
 
 

 
 
 
 
 
 
Years Ended December 31,
 
 
 
 
 
 
2016
 
2015
 
2014
Cash flows from operating activities:
 
 
 
 
 
 
 
Net income
 
$
(148,217
)
 
$
63,875

 
$
36,942

 
Adjustments to reconcile net income to net cash
 
 
 
 
 
 
 
provided by operating activities:
 
 
 
 
 
 
 
 
Net realized (gains) losses on investments
 
(10,916
)
 
510

 
(3,266
)
 
 
Interest credited on deposit liabilities, gross
 
40,802

 
38,692

 
39,553

 
 
Amortization of discount and premium on investments
 
(1,390
)
 
(1,690
)
 
(1,140
)
 
 
Deferred income tax (benefit) expense
 
(107,707
)
 
10,816

 
(3,328
)
 
 
Change in:
 
 
 
 
 
 
 
 
 
Accrued investment income
 
572

 
(416
)
 
537

 
 
 
Deferred sales inducements and acquisition costs
 
312,843

 
(35,359
)
 
(59,027
)
 
 
 
Trading portfolio activity, net
 
388

 
34

 
261

 
 
 
Income taxes receivable from/payable to Parent
 
(1,463
)
 
(3,190
)
 
4,734

 
 
 
Claims payable
 
1,929

 
279

 
5,631

 
 
 
Payable to/receivable from Parent
 
562

 
772

 
(1,246
)
 
 
 
Other assets and liabilities, net
 
4,602

 
(11,341
)
 
20,508

 
 
Net cash provided by operating activities
 
92,005

 
62,982

 
40,159

 
 
 
 
 
 
 
 
 
 
 
Cash flows from investing activities:
 
 
 
 
 
 
 
Fixed maturities:
 
 
 
 
 
 
 
 
Proceeds from sales, maturities and repayments
 
465,187

 
205,307

 
190,478

 
 
Purchases
 
(540,398
)
 
(310,554
)
 
(195,744
)
 
Other investing activities
 
1,723

 
2,820

 
(2,571
)
 
Net cash used in investing activities
 
(73,488
)
 
(102,427
)
 
(7,837
)
 
 
 
 
 
 
 
 
 
 
 
Cash flows from financing activities:
 
 
 
 
 
 
 
Policyholders' account balances:
 
 
 
 
 
 
 
 
Deposits
 
1,374,570

 
1,733,663

 
1,828,977

 
 
Withdrawals
 
(708,412
)
 
(659,083
)
 
(625,021
)
 
Net transfers to separate accounts
 
(556,655
)
 
(1,006,368
)
 
(1,248,902
)
 
Net cash provided by (used in) financing activities
 
109,503

 
68,212

 
(44,946
)
 
 
 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in cash and cash equivalents
 
128,020

 
28,767

 
(12,624
)
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents, beginning of year
 
119,596

 
90,829

 
103,453

Total cash and cash equivalents, end of year
 
$
247,616

 
$
119,596

 
$
90,829

 
 
 
 
 
 
 
 
 
 
 
Supplemental Cash Flow Information
 
 
 
 
 
 
 
Income tax (received from) paid to Parent
 
$
(3,461
)
 
$
2,775

 
$
8,930



See accompanying Notes to Financial Statements

6
Jackson National Life Insurance Company of New York
(a wholly owned subsidiary of Jackson National Life Insurance Company)
Notes to Financial Statements
December 31, 2016 and 2015


1.
Business and Basis of Presentation

Jackson National Life Insurance Company of New York, (the “Company” or “Jackson-NY”) is wholly owned by Jackson National Life Insurance Company (“Jackson” or the “Parent”), a wholly owned subsidiary of Brooke Life Insurance Company (“Brooke Life”), which is ultimately a wholly owned subsidiary of Prudential plc (“Prudential”), London, England. Jackson-NY is licensed to sell group and individual annuity products (including immediate annuities, deferred fixed annuities and variable annuities), guaranteed investment contracts and individual life insurance products, including variable universal life, in the states of New York, Delaware, and Michigan.

Basis of Presentation
The accompanying financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”).

The preparation of the financial statements in conformity with GAAP requires the use of estimates and assumptions about future events that affect the amounts reported in the financial statements and the accompanying notes. Significant estimates or assumptions, as further discussed in the notes, include: 1) valuation of investments, including fair values of securities deemed to be in an illiquid market and the determination of when an impairment is other-than-temporary; 2) assumptions impacting estimated future gross profits, including but not limited to, policyholder behavior, mortality rates, expenses, investment returns and policy crediting rates, used in the calculation of amortization of deferred acquisition costs and deferred sales inducements; 3) assumptions used in calculating policy reserves and liabilities, including but not limited to, policyholder behavior, mortality rates, expenses, investment returns and policy crediting rates; 4) assumptions as to future earnings levels being sufficient to realize deferred tax benefits; 5) estimates related to liabilities for lawsuits, contingencies and other accruals; 6) assumptions and estimates associated with the Company’s tax positions which impact the amount of recognized tax benefits recorded by the Company; and 7) value of guaranteed benefits. These estimates and assumptions are based on management’s best estimates and judgments. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors deemed appropriate. As facts and circumstances dictate, these estimates and assumptions may be adjusted. Since future events and their effects cannot be determined with precision, actual results could differ significantly from these estimates. Changes in estimates, including those resulting from continuing changes in the economic environment, will be reflected in the financial statements in the periods the estimates are changed.

2.
Summary of Significant Accounting Policies

Changes in Accounting Principles - Adopted in Current Year
In May 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2015-07, “Fair Value Measurement: Disclosures for Certain Investments that Calculate Net Asset Value per Share (or Its Equivalent),” which removes the requirement to categorize within the fair value hierarchy all investments for which fair value is measured using the net asset value per share practical expedient. In addition, the amendments remove the requirement to make certain disclosures for all investments that are eligible to be measured at fair value using the net asset value per share practical expedient, and limits those disclosures only to those investments for which the practical expedient has been elected. Effective January 1, 2016, the Company adopted ASU No. 2015-07 with no impact on the Company’s financial statements.

Changes in Accounting Principles - Issued but Not Yet Adopted
In August 2016, the FASB issued ASU No. 2016-15, “Statement of Cash Flows: Classification of Certain Cash Receipts and Cash Payments,” which clarifies the classification of eight specific cash flow issues in an entity’s statement of cash flows where it was determined there is diversity in practice. ASU No. 2016-15 is effective for annual periods beginning after December 15, 2018, and should be applied retrospectively for all periods presented. Early adoption is permitted. The adoption of ASU No. 2016-15 is not expected to have a material impact on the Company’s financial statements, as the requirements are presentational only within the statement of cash flows.

In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments,” which provides a new current expected credit loss model to account for credit losses on certain financial assets and off-balance sheet exposures. The model requires an entity to estimate lifetime credit losses related to such financial assets and exposures based on relevant information about past events, current conditions,

7
Jackson National Life Insurance Company of New York
(a wholly owned subsidiary of Jackson National Life Insurance Company)
Notes to Financial Statements
December 31, 2016 and 2015


and reasonable and supportable forecasts that affect the collectability of the reported amount. The guidance also modifies the current other-than-temporary impairment guidance for available-for-sale debt securities to require the use of an allowance rather than a direct write down of the investment, and replaces existing guidance for purchased credit deteriorated loans and debt securities. ASU No. 2016-13 is effective for annual reporting periods beginning after December 15, 2020. Early adoption is permitted for annual periods beginning after December 15, 2018. The Company is currently assessing the impact of the guidance on the Company’s financial statements and disclosures.

In January 2016, the FASB issued ASU No. 2016-01, “Financial Instruments - Overall: Recognition and Measurement of Financial Assets and Financial Liabilities,” which revises an entity’s accounting related to the classification and measurement of certain equity investments and the presentation of certain fair value changes for financial liabilities measured at fair value. The guidance also amends certain disclosure requirements associated with the fair value of financial instruments. ASU No. 2016-01 is effective for annual periods beginning after December 15, 2017, and should be adopted in the financial statements through a cumulative effect adjustment to the beginning balance of retained earnings. Early adoption is generally not permitted, except as defined in the ASU. The Company is currently assessing the impact of the guidance on the Company’s financial statements and disclosures.

In January 2015, the FASB issued ASU No. 2015-01, “Extraordinary and Unusual Items: Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items,” which eliminates the concept of extraordinary items. This ASU may be applied prospectively or retrospectively. Early adoption is permitted if the guidance is applied as of the beginning of the annual period of adoption. ASU No. 2015-01 is effective for annual periods ending after December 15, 2016 and is not expected to have an impact on the Company’s financial statements.

In August 2014, the FASB issued ASU No. 2014-15, “Presentation of Financial Statements - Going Concern,” which defines management’s responsibility to evaluate whether there is substantial doubt about the organization’s ability to continue as a going concern and to provide related disclosures in the footnotes. Management is required to evaluate for each annual period whether it is probable that the entity will not be able to meet its obligations as they become due within one year after the date that financial statements are issued, or available to be issued. ASU No. 2014-15 is effective for periods beginning after December 15, 2016 and is not expected to have an impact on the Company’s financial statements.

Variable Annuity Reinsurance Agreement Amendment
Effective December 31, 2016, Jackson-NY amended its variable annuity reinsurance agreement with Jackson.

Prior to the amendment, the agreement ceded to Jackson 90% of the guaranteed minimum withdrawal benefits liability associated with variable annuity contracts issued by Jackson-NY. The purpose of the amendment is to transfer to Jackson 90% of the total variable annuity contract risk associated with variable annuities issued by Jackson-NY. This transfer allows for better alignment with risk mitigation strategies employed at the parent company level.

The amendment of the treaty allows for 90% of the entire variable annuity contract to be ceded to Jackson on a coinsurance basis (modified coinsurance for Separate Account liabilities) and covers all existing and future issues of variable annuity contracts issued by Jackson-NY.

This transaction resulted in a deferred gain of $242.9 million, ceded reserves of $1,148.9 million, which were reported in reinsurance recoverable, net and a payable to parent of $905.9 million. Additionally, as the underlying business is no longer retained, deferred acquisition costs of $341.0 million and deferred sales inducements of $0.7 million were written off. The deferred gain will be amortized into income over the life of the business.

The amendment was “non-disapproved” by the insurance departments of Michigan and New York, and the payable to parent was settled in 2017.

Comprehensive Income
Comprehensive income includes all changes in stockholder’s equity (except those arising from transactions with owner/stockholder) and, in the Company’s case, includes net income and net unrealized gains or losses on available for sale securities.


8
Jackson National Life Insurance Company of New York
(a wholly owned subsidiary of Jackson National Life Insurance Company)
Notes to Financial Statements
December 31, 2016 and 2015


Investments
Fixed maturities consist primarily of bonds and asset-backed securities. Acquisition discounts and premiums on fixed maturities are amortized into investment income through call or maturity dates using the effective interest method. Discounts and premiums on asset-backed securities are amortized over the estimated redemption period. Certain asset-backed securities are considered to be other than high quality or otherwise deemed to be high-risk, meaning the Company might not recover substantially all of its recorded investment due to unanticipated prepayment events. For these securities, changes in investment yields due to changes in estimated future cash flows are accounted for on a prospective basis. The carrying value of such securities was $15.6 million and $20.2 million as of December 31, 2016 and 2015, respectively.

Fixed maturities are classified as available for sale and are carried at fair value. For declines in fair value considered to be other-than-temporary, an impairment charge reflecting the difference between the amortized cost basis and fair value is included in net realized losses on investments. If management believes the Company does not intend to sell the security and is not more likely than not to be required to sell the security prior to recovery of its amortized cost basis, an amount representing the non-credit related portion of a loss is reclassified out of net realized losses on investments and into other comprehensive income. In determining whether an other-than-temporary impairment has occurred, and in calculating the non-credit related component of the total impairment loss, the Company considers a number of factors, which are further described in Note 3.

Equity securities are classified as trading. Trading securities are carried at fair value with changes in value included in net investment income.

Policy loans are loans the Company issues to contract holders that use the cash surrender value of their life insurance policy or annuity contract as collateral.

Realized gains and losses on sales of investments are recognized in income at the date of sale and are determined using the specific cost identification method.

The changes in unrealized gains and losses on certain investments that are classified as available for sale and the non-credit related portion of other-than-temporary impairment charges are excluded from net income and included as a component of other comprehensive income and stockholder’s equity, net of tax, and the effect of the adjustment for deferred acquisition costs and deferred sales inducements.

Embedded Derivatives
Certain guarantees offered in connection with variable annuities issued by the Company contain embedded derivatives as defined by current accounting guidance. These derivatives, embedded in certain host liabilities that have been separated for accounting and financial reporting purposes, are carried at fair value. Jackson-NY’s guaranteed minimum income benefit (“GMIB”) book is reinsured through an unrelated party, and due to the net settlement provisions of the reinsurance agreement, this contract meets the definition of a derivative. Accordingly, the GMIB reinsurance agreement is recorded at fair value. Guaranteed minimum withdrawal benefits (“GMWB”) associated with variable annuities are reinsured through the contract that Jackson-NY has with its Parent. The direct GMWB reserve and related ceded reserves are also considered an embedded derivative and are carried at fair value. Further details regarding the fair values of these items are included in Note 4 and details regarding this amendment are included in Note 6. Embedded derivative results are reported in death, other policy benefits and change in policy reserves.

Cash and Cash Equivalents
Cash and cash equivalents primarily include money market instruments and bank deposits.









9
Jackson National Life Insurance Company of New York
(a wholly owned subsidiary of Jackson National Life Insurance Company)
Notes to Financial Statements
December 31, 2016 and 2015


Fair Value Measurement
Fair value measurements are based upon observable and unobservable inputs. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Company’s view of market assumptions in the absence of observable market information. The Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. All financial assets and liabilities measured at fair value are required to be classified into one of the following categories:

Level 1
Observable inputs that reflect quoted prices for identical assets or liabilities in active markets that the Company has the ability to access at the measurement date. Level 1 securities include U.S. Treasury securities and exchange traded equity securities.

Level 2
Observable inputs, other than quoted prices included in Level 1, for the asset or liability or prices for similar assets and liabilities. Most fixed maturity securities that are model priced using observable inputs are classified within Level 2.

Level 3
Valuations that are derived from techniques in which one or more of the significant inputs are unobservable (including assumptions about risk). Embedded derivatives that are valued using unobservable inputs are included in Level 3. Because Level 3 fair values, by their nature, contain unobservable market inputs, considerable judgment may be used to determine the Level 3 fair values. Level 3 fair values represent the Company’s best estimate of an amount that could be realized in a current market exchange absent actual market exchanges.

In many situations, inputs used to measure the fair value of an asset or liability may fall into different levels of the fair value hierarchy. In these situations, the Company determines the level in which the fair value falls based upon the lowest level input that is significant to the determination of the fair value. As a result, both observable and unobservable inputs may be used in the determination of fair values that the Company has classified within Level 3.

The Company determines the fair values of certain financial assets and liabilities based on quoted market prices, where available. The Company may also determine fair value based on estimated future cash flows discounted at the appropriate current market rate. When appropriate, fair values reflect adjustments for counterparty credit quality, the Company’s credit standing, liquidity and risk margins on unobservable inputs.

Where quoted market prices are not available, fair value estimates are made at a point in time, based on relevant market data, as well as the best information about the individual financial instrument. At times, illiquid market conditions may result in inactive markets for certain of the Company’s financial instruments. In such instances, there may be no or limited observable market data for these assets and liabilities. Fair value estimates for financial instruments deemed to be in an illiquid market are based on judgments regarding current economic conditions, liquidity discounts, currency, credit and interest rate risks, loss experience and other factors. These fair values are estimates and involve considerable uncertainty and variability as a result of the inputs selected and may differ materially from the values that would have been used had an active market existed. As a result of market inactivity, such calculated fair value estimates may not be realizable in an immediate sale or settlement of the instrument. In addition, changes in the underlying assumptions used in the fair value measurement technique could significantly affect these fair value estimates.

Refer to Note 4 for further discussion of the methodologies used to determine fair values of the Company’s financial instruments.

Deferred Acquisition Costs
Under current accounting guidance, certain costs that are directly related to the successful acquisition of new or renewal insurance business can be capitalized as deferred acquisition costs. These costs primarily pertain to commissions and certain costs associated with policy issuance and underwriting. All other acquisition costs are expensed as incurred.

Deferred acquisition costs are increased by interest thereon and amortized into income in proportion to anticipated premium revenues for traditional life policies and in proportion to estimated gross profits, including realized gains and losses and embedded derivative movements, for annuities and interest-sensitive life products. Due to volatility of certain factors that affect gross profits, including realized capital gains and losses and embedded derivative movements,

10
Jackson National Life Insurance Company of New York
(a wholly owned subsidiary of Jackson National Life Insurance Company)
Notes to Financial Statements
December 31, 2016 and 2015


amortization may be a benefit or a charge in any given period. In the event of negative amortization, the related deferred acquisition cost balance is capped at the initial amount capitalized, plus interest. Unamortized deferred acquisition costs are written off when a contract is internally replaced and substantially changed.

As certain fixed maturities available for sale are carried at fair value, an adjustment is made to deferred acquisition costs equal to the change in amortization that would have occurred if such securities had been sold at their stated fair value and the proceeds reinvested at current yields. This adjustment, along with the change in net unrealized gains (losses) on fixed maturities available for sale, net of applicable tax, is credited or charged directly to stockholder’s equity as a component of other comprehensive income. At December 31, 2016 and 2015, deferred acquisition costs decreased by $14.3 million and $17.2 million, respectively, to reflect this adjustment.

For variable annuity business, the Company employs a mean reversion methodology that is applied with the objective of adjusting the amortization of deferred acquisition costs that would otherwise be highly volatile due to fluctuations in the level of future gross profits arising from changes in equity market levels.  The mean reversion methodology achieves this objective by applying a dynamic adjustment to the assumption for short-term future investment returns. Under this methodology, the projected returns for the next five years are set such that, when combined with the actual returns for the current and preceding two years, the average rate of return over the eight year period is 7.4%, after investment management fees for both 2016 and 2015. The mean reversion methodology does, however, include a cap and a floor of 15% and 0% per annum, respectively, on the projected return for each of the next five years. At December 31, 2016 and 2015, projected returns after the next five years were set at 7.4%. At December 31, 2016 and 2015, projected returns under mean reversion were within the range bounded by the 15% cap and 0% floor.

Deferred acquisition costs are reviewed periodically to ensure that the unamortized portion does not exceed the expected recoverable amounts. Any amount deemed unrecoverable is written off with a charge through deferred acquisition costs amortization. No such write-offs were required for 2015 and 2014. As a result of the previously mentioned amended reinsurance agreement, deferred acquisition costs of $341.0 million were written off, as the business is no longer retained.
        
Deferred Sales Inducements
Under current accounting guidance, certain sales inducement costs that are directly related to the successful acquisition of new or renewal insurance business can be capitalized as deferred sales inducement costs. Bonus interest on deferred fixed annuities and contract enhancements on variable annuities are capitalized as deferred sales inducements. Deferred sales inducements are increased by interest thereon and amortized into income in proportion to estimated gross profits, including realized capital gains and losses and embedded derivative movements. Due to volatility of certain factors that affect gross profits, including realized capital gains and losses and embedded derivative movements, amortization may be a benefit or a charge in any given period. In the event of negative amortization, the related deferred sales inducements balance is capped at the initial amount capitalized, plus interest. Unamortized deferred sales inducements are written off when a contract is internally replaced and substantially changed.

As certain fixed maturities available for sale are carried at fair value, an adjustment is made to deferred sales inducements equal to the change in amortization that would have occurred if such securities had been sold at their stated fair value and the proceeds reinvested at current yields. This adjustment, along with the change in net unrealized gains (losses) on fixed maturities available for sale, net of applicable tax, is credited or charged directly to stockholder’s equity as a component of other comprehensive income. At December 31, 2016 and 2015, deferred sales inducements decreased by $0.5 million and $0.8 million, respectively, to reflect this adjustment.

For variable annuity business, the Company employs the same mean reversion methodology as is employed for deferred acquisition costs as described above.

Deferred sales inducements are reviewed periodically to ensure that the unamortized portion does not exceed the expected recoverable amounts. Any amount deemed unrecoverable is written off with a charge through deferred sales inducements amortization. No such write-offs were required for 2015 and 2014. As a result of the previously mentioned amended reinsurance agreement, deferred sales inducements of $0.7 million were written off, as the underlying business is no longer retained.


11
Jackson National Life Insurance Company of New York
(a wholly owned subsidiary of Jackson National Life Insurance Company)
Notes to Financial Statements
December 31, 2016 and 2015


Actuarial Assumption Changes (Unlocking)
Annually, or as circumstances warrant, the Company conducts a comprehensive review of the assumptions used for its estimates of future gross profits underlying the amortization of deferred acquisition costs and deferred sales inducements, as well as the valuation of the embedded derivatives and reserves for life insurance and annuity products with living benefit and death benefit guarantees.  These assumptions include, but may not be limited to, policyholder behavior, mortality rates, expenses, investment returns and policy crediting rates.  Based on this review, the cumulative balances of deferred acquisition costs, deferred sales inducements and life and annuity guaranteed benefit reserves are adjusted with a corresponding benefit or charge to net income.   

Reinsurance
The Company enters into ceded reinsurance agreements with other companies in the normal course of business.  Reinsurance agreements are reported on a gross basis on the Company’s balance sheets as an asset for amounts recoverable from reinsurers or as a component of other liabilities for amounts, such as premiums, owed to reinsurers.  Reinsurance ceded premiums and benefits provided are accounted for on bases consistent with those used in accounting for the original policies issued and the terms of the reinsurance contracts.  Premium income and benefit expenses are reported net of insurance ceded.

Federal Income Taxes
The Company files a consolidated federal income tax return with Jackson and Brooke Life. The Company has entered into a written tax sharing agreement, which is generally based on separate return calculations. Intercompany balances are settled on a quarterly basis.

Deferred federal income taxes arise from the recognition of temporary differences between the basis of assets and liabilities determined for financial reporting purposes and the basis determined for income tax purposes. Such temporary differences are principally related to the effects of recording certain invested assets at market value, the deferral of policy acquisition costs and sales inducements and the provisions for future policy benefits and expenses. Deferred tax assets and liabilities are measured using the tax rates expected to be in effect when such benefits are realized. Jackson-NY is required to test the value of deferred tax assets for realizability. Deferred tax assets are reduced by a valuation allowance if, based on the weight of available positive and negative evidence, it is more likely than not that some portion, or all, of the deferred tax assets will not be realized. In determining the need for a valuation allowance, the Company considers the carryback eligibility of losses, reversal of existing temporary differences, estimated future taxable income and tax planning strategies.

The determination of the valuation allowance for Jackson-NY’s deferred tax assets requires management to make certain judgments and assumptions regarding future operations that are based on historical experience and expectations of future performance. In order to recognize a tax benefit in the financial statements, there must be a greater than fifty percent chance of success of the Company’s position being sustained by the relevant taxing authority with regard to that tax position. Management’s judgments are potentially subject to change given the inherent uncertainty in predicting future performance, which is impacted by such factors as policyholder behavior, competitor pricing and other specific industry and market conditions.

The Company recognizes accrued interest and penalties, if any, related to unrecognized tax benefits as a component of tax expense.

Payable to Parent
As a result of the previously mentioned amended reinsurance agreement, the net payment of $905.9 million was reported as a payable to parent at December 31, 2016and settled in 2017.

Deferred Gain on Reinsurance
As discussed above, Jackson-NY amended its variable annuity reinsurance agreement with Jackson in 2016. The original agreement resulted in a deferred gain of $0.9 million in 2009, which is being amortized into income over the life of the business. The reinsurance agreement amendment in 2016 resulted in an initial gain to Jackson-NY of $242.9 million, which was deferred and will be amortized into income over the life of the business.



12
Jackson National Life Insurance Company of New York
(a wholly owned subsidiary of Jackson National Life Insurance Company)
Notes to Financial Statements
December 31, 2016 and 2015


Reserves for Future Policy Benefits and Claims Payable and Other Contract Holder Funds
For traditional life insurance contracts, which include term and whole life, reserves for future policy benefits are determined using the net level premium method and assumptions as of the issue date or acquisition date as to mortality, interest, persistency and expenses plus provisions for adverse deviations. These assumptions are not unlocked unless the reserve is determined to be deficient. Interest rate assumptions range from 3.5% to 6.0%. Lapse, mortality, and expense assumptions are based primarily on Company experience in combination with that of its Parent. The Company’s liability for future policy benefits also includes net liabilities for guaranteed benefits related to certain nontraditional long-duration life and annuity contracts, which are further discussed in Note 8.

For the Company’s interest-sensitive life contracts, liabilities approximate the policyholder’s account value. For fixed deferred annuities and the fixed option on variable annuity contracts, the liability is the policyholder’s account value.

Contingent Liabilities
The Company is a party to legal actions and, at times, regulatory investigations. Given the inherent unpredictability of these matters, it is difficult to estimate their impact on the Company’s financial position. A reserve is established for contingent liabilities if it is probable that a loss has been incurred and the amount is reasonably estimable. It is possible that an adverse outcome in certain of the Company’s contingent liabilities, or the use of different assumptions in the determination of amounts recorded, could have a material effect upon the Company’s financial position. However, it is the opinion of management that the ultimate disposition of contingent liabilities is unlikely to have a material adverse effect on the Company's financial position.

Separate Account Assets and Liabilities
The Company maintains separate account assets associated with variable life and annuity contracts, which are reported at fair value. The related liabilities are reported at an amount equivalent to the separate account assets. Investment risks associated with market value changes are borne by the contract holders, except to the extent of minimum guarantees made by the Company. Refer to Note 8 for additional information regarding the Company’s contractual guarantees. Separate account net investment income, net investment realized and unrealized gains and losses, and the related liability changes are offset within the same line item in the income statements. Amounts assessed against the contract holders for mortality, variable annuity benefit guarantees, administrative, and other services are reported in revenue as fee income.

Revenue and Expense Recognition
Premiums for traditional life insurance are reported as revenues when due. Benefits, claims and expenses are associated with earned revenues in order to recognize profit over the lives of the contracts. This association is accomplished through provisions for future policy benefits and the deferral and amortization of certain acquisition costs.

Deposits on interest-sensitive life products and investment contracts, principally universal and variable universal life contracts and deferred annuities, are treated as policyholder deposits and excluded from revenue. Revenues consist primarily of investment income and charges assessed against the account value for mortality charges, surrenders, variable annuity benefit guarantees and administrative expenses. Surrender benefits are treated as repayments of the policyholder account. Annuity benefit payments are treated as reductions to the policyholder account. Death benefits in excess of the policyholder account are recognized as an expense when incurred. Expenses consist primarily of the interest credited to policyholder deposits. Underwriting and other direct acquisition expenses are associated with gross profit in order to recognize profit over the life of the business. This is accomplished through deferral and amortization of acquisition costs and sales inducements. Expenses not related to policy acquisition are recognized when incurred.

Investment income is not accrued on securities in default and otherwise where the collection is uncertain. In these cases, receipts of interest on such securities are used to reduce the cost basis of the securities.

Subsequent Events
The Company has evaluated events through March 21, 2017, which is the date the financial statements were available to be issued.


13
Jackson National Life Insurance Company of New York
(a wholly owned subsidiary of Jackson National Life Insurance Company)
Notes to Financial Statements
December 31, 2016 and 2015


3.
Investments

Investments are comprised primarily of fixed-income securities, primarily publicly-traded corporate and government bonds and asset-backed securities. Asset-backed securities include mortgage-backed and other structured securities. The Company generates the majority of its general account deposits from interest-sensitive individual annuity contracts on which it has committed to pay a declared rate of interest. The Company's strategy of investing in fixed-income securities aims to ensure matching of the asset yield with the amounts credited to the interest-sensitive liabilities and to earn a stable return on its investments.

Fixed Maturities
The following table sets forth the composition of the fair value of fixed maturities at December 31, 2016, classified by rating categories as assigned by nationally recognized statistical rating organizations (“NRSRO”), the National Association of Insurance Commissioners (“NAIC”), or if not rated by such organizations, the Company’s affiliated investment advisor. At December 31, 2016, the carrying value of investments rated by the Company’s affiliated investment advisor totaled $18.5 million. For purposes of the table, if not otherwise rated higher by a NRSRO, NAIC Class 1 investments are included in the A rating, Class 2 in BBB, Class 3 in BB and Classes 4 through 6 in B and below.
 
Percent of Total
 
Fixed Maturities
 
Carrying Value
Investment Rating
December 31, 2016
AAA
15.3
%
AA
7.5
%
A
38.5
%
BBB
35.0
%
Investment grade
96.3
%
BB
2.2
%
B and below
1.5
%
Below investment grade
3.7
%
Total fixed maturities
100.0
%

At December 31, 2016, based on ratings by NRSROs, of the total carrying value of fixed maturities in an unrealized loss position, 84% were investment grade, 3% were below investment grade and 13% were not rated. Unrealized losses on fixed maturities that were below investment grade or not rated were approximately 17% of the aggregate gross unrealized losses on available for sale fixed maturities.


14
Jackson National Life Insurance Company of New York
(a wholly owned subsidiary of Jackson National Life Insurance Company)
Notes to Financial Statements
December 31, 2016 and 2015


Corporate securities in an unrealized loss position were diversified across industries. As of December 31, 2016, the industries accounting for the larger percentage of unrealized losses included utility (14% of corporate gross unrealized losses) and energy (13%). The largest unrealized loss related to a single corporate obligor was $395 thousand at December 31, 2016. At December 31, 2016 and 2015, the amortized cost, gross unrealized gains and losses, fair value and non-credit other-than-temporary impairment (“OTTI”) of available for sale fixed maturities were as follows (in thousands):

 
 
 
 
Gross
 
Gross
 
 
 
 
 
 
Amortized
 
Unrealized
 
Unrealized
 
Fair
 
Non-credit
December 31, 2016
 
Cost
 
Gains
 
Losses
 
Value
 
OTTI (1)
Fixed Maturities
 
 
 
 
 
 
 
 
 
 
U.S. government securities
 
$
61,779

 
$
118

 
$
3,573

 
$
58,324

 
$
—

Other government securities
 
5,896

 
—

 
552

 
5,344

 
—

Public utilities
 
164,373

 
8,505

 
1,773

 
171,105

 
—

Corporate securities
 
1,256,447

 
38,660

 
10,887

 
1,284,220

 
—

Residential mortgage-backed
 
41,674

 
1,661

 
294

 
43,041

 
(1,430
)
Commercial mortgage-backed
 
204,491

 
3,664

 
1,926

 
206,229

 
—

Other asset-backed securities
 
145,703

 
1,454

 
816

 
146,341

 
(691
)
Total fixed maturities
 
$
1,880,363

 
$
54,062

 
$
19,821

 
$
1,914,604

 
$
(2,121
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gross
 
Gross
 
 
 
 
 
 
Amortized
 
Unrealized
 
Unrealized
 
Fair
 
Non-credit
December 31, 2015
 
Cost
 
Gains
 
Losses
 
Value
 
OTTI (1)
Fixed Maturities
 
 
 
 
 
 
 
 
 
 
U.S. government securities
 
$
58,159

 
$
3,419

 
$
—

 
$
61,578

 
$
—

Public utilities
 
139,415

 
9,775

 
947

 
148,243

 
—

Corporate securities
 
1,221,849

 
43,277

 
23,236

 
1,241,890

 
—

Residential mortgage-backed
 
61,132

 
2,898

 
459

 
63,571

 
(1,926
)
Commercial mortgage-backed
 
225,675

 
7,819

 
1,050

 
232,444

 
(158
)
Other asset-backed securities
 
86,633

 
1,627

 
613

 
87,647

 
(691
)
Total fixed maturities
 
$
1,792,863

 
$
68,815

 
$
26,305

 
$
1,835,373

 
$
(2,775
)
 
 
 
 
 
 
 
 
 
 
 
(1) Represents the amount of cumulative non-credit OTTI gains (losses) recognized in other comprehensive income for securities on which credit impairments have been recorded.


15
Jackson National Life Insurance Company of New York
(a wholly owned subsidiary of Jackson National Life Insurance Company)
Notes to Financial Statements
December 31, 2016 and 2015


The amortized cost, gross unrealized gains and losses, and fair value of fixed maturities at December 31, 2016, by contractual maturity, are shown below (in thousands). Actual maturities may differ from contractual maturities where securities can be called or prepaid with or without early redemption penalties.

 
 
 
 
Gross
 
Gross
 
 
 
 
Amortized
 
Unrealized
 
Unrealized
 
Fair
 
 
Cost
 
Gains
 
Losses
 
Value
Due in 1 year or less
 
$
18,086

 
$
231

 
$
—

 
$
18,317

Due after 1 year through 5 years
 
434,879

 
24,565

 
623

 
458,821

Due after 5 years through 10 years
 
951,626

 
15,108

 
14,384

 
952,350

Due after 10 years through 20 years
 
59,156

 
3,281

 
1,739

 
60,698

Due after 20 years
 
24,748

 
4,098

 
39

 
28,807

Residential mortgage-backed
 
41,674

 
1,661

 
294

 
43,041

Commercial mortgage-backed
 
204,491

 
3,664

 
1,926

 
206,229

Other asset-backed securities
 
145,703

 
1,454

 
816

 
146,341

Total
 
$
1,880,363

 
$
54,062

 
$
19,821

 
$
1,914,604


Securities with a carrying value of $521 thousand and $527 thousand at December 31, 2016 and 2015, respectively, were on deposit with the state of New York as required by state insurance law.

Residential mortgage-backed securities (“RMBS”) include certain RMBS which are collateralized by residential mortgage loans and are neither explicitly nor implicitly guaranteed by U.S. government agencies (“non-agency RMBS”). The Company’s non-agency RMBS include investments in securities backed by prime, Alt-A, and subprime loans as follows (in thousands):
 
 
 
 
Gross
 
Gross
 
 
 
 
Amortized
 
Unrealized
 
Unrealized
 
Fair
December 31, 2016
 
Cost
 
Gains
 
Losses
 
Value
Prime
 
$
8,863

 
$
494

 
$
55

 
$
9,302

Alt-A
 
7,436

 
472

 
1

 
7,907

Subprime
 
10,578

 
116

 
238

 
10,456

Total non-agency RMBS
 
$
26,877

 
$
1,082

 
$
294

 
$
27,665

 
 
 
 
 
 
 
 
 
 
 
 
 
Gross
 
Gross
 
 
 
 
Amortized
 
Unrealized
 
Unrealized
 
Fair
December 31, 2015
 
Cost
 
Gains
 
Losses
 
Value
Prime
 
$
10,938

 
$
616

 
$
70

 
$
11,484

Alt-A
 
9,507

 
551

 
16

 
10,042

Subprime
 
12,966

 
115

 
373

 
12,708

Total non-agency RMBS
 
$
33,411

 
$
1,282

 
$
459

 
$
34,234


The Company defines its exposure to non-agency residential mortgage loans as follows. Prime loan-backed securities are collateralized by mortgage loans made to the highest rated borrowers. Alt-A loan-backed securities are collateralized by mortgage loans made to borrowers who lack credit documentation or necessary requirements to obtain prime borrower rates. Subprime loan-backed securities are collateralized by mortgage loans made to borrowers that have a FICO score of 680 or lower.


16
Jackson National Life Insurance Company of New York
(a wholly owned subsidiary of Jackson National Life Insurance Company)
Notes to Financial Statements
December 31, 2016 and 2015


The following table summarizes the number of securities, fair value and the related amount of gross unrealized losses aggregated by investment category and length of time that individual fixed maturities have been in a continuous loss position (dollars in thousands):
 
 
December 31, 2016
 
December 31, 2015
 
 
Less than 12 months
 
Less than 12 months
 
 
Gross
 
 
 
 
 
Gross
 
 
 
 
 
 
Unrealized
 
Fair
 
# of
 
Unrealized
 
Fair
 
# of
 
 
Losses
 
Value
 
securities
 
Losses
 
Value
 
securities
Fixed Maturities
 
 
 
 
 
 
 
 
 
 
 
 
U.S. government securities
 
$
3,572

 
$
47,734

 
1

 
$
—

 
$
—

 
—

Other government securities
 
553

 
5,344

 
2

 
—

 
—

 
—

Public utilities
 
1,773

 
50,692

 
23

 
947

 
19,718

 
12

Corporate securities
 
9,660

 
349,571

 
201

 
16,026

 
365,365

 
244

Residential mortgage-backed
 
1

 
1,678

 
1

 
46

 
4,953

 
1

Commercial mortgage-backed
 
1,926

 
57,685

 
32

 
1,050

 
47,936

 
21

Other asset-backed securities
 
668

 
72,617

 
52

 
430

 
48,255

 
35

Total temporarily impaired
 
 
 
 
 
 
 
 
 
 
 
 
securities
 
$
18,153

 
$
585,321

 
312

 
$
18,499

 
$
486,227

 
313

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
12 months or longer
 
12 months or longer
 
 
Gross
 
 
 
 
 
Gross
 
 
 
 
 
 
Unrealized
 
Fair
 
# of
 
Unrealized
 
Fair
 
# of
 
 
Losses
 
Value
 
securities
 
Losses
 
Value
 
securities
Fixed Maturities
 
 
 
 
 
 
 
 
 
 
 
 
U.S. government securities
 
$
—

 
$
—

 
—

 
$
—

 
$
—

 
—

Other government securities
 
—

 
—

 
—

 
—

 
—

 
—

Public utilities
 
—

 
—

 
—

 
—

 
—

 
—

Corporate securities
 
1,227

 
29,381

 
20

 
7,210

 
39,995

 
26

Residential mortgage-backed
 
293

 
8,901

 
4

 
413

 
7,376

 
5

Commercial mortgage-backed
 
—

 
—

 
—

 
—

 
—

 
—

Other asset-backed securities
 
148

 
3,698

 
7

 
183

 
4,656

 
5

Total temporarily impaired
 
 
 
 
 
 
 
 
 
 
 
 
securities
 
$
1,668

 
$
41,980

 
31

 
$
7,806

 
$
52,027

 
36

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
Total
 
 
Gross
 
 
 
 
 
Gross
 
 
 
 
 
 
Unrealized
 
Fair
 
# of
 
Unrealized
 
Fair
 
# of
 
 
Losses
 
Value
 
securities
 
Losses
 
Value
 
securities
Fixed Maturities
 
 
 
 
 
 
 
 
 
 
 
 
U.S. government securities
 
$
3,572

 
$
47,734

 
1

 
$
—

 
$
—

 
—

Other government securities
 
553

 
5,344

 
2

 
—

 
—

 
—

Public utilities
 
1,773

 
50,692

 
23

 
947

 
19,718

 
12

Corporate securities
 
10,887

 
378,952

 
221

 
23,236

 
405,360

 
270

Residential mortgage-backed
 
294

 
10,579

 
5

 
459

 
12,329

 
6

Commercial mortgage-backed
 
1,926

 
57,685

 
32

 
1,050

 
47,936

 
21

Other asset-backed securities
 
816

 
76,315

 
59

 
613

 
52,911

 
40

Total temporarily impaired
 
 
 
 
 
 
 
 
 
 
 
 
securities
 
$
19,821

 
$
627,301

 
343

 
$
26,305

 
$
538,254

 
349



17
Jackson National Life Insurance Company of New York
(a wholly owned subsidiary of Jackson National Life Insurance Company)
Notes to Financial Statements
December 31, 2016 and 2015


Other-Than-Temporary Impairments on Available For Sale Securities
The Company periodically reviews its available for sale fixed maturities on a case-by-case basis to determine if any decline in fair value to below cost or amortized cost is other-than-temporary. Factors considered in determining whether a decline is other-than-temporary include the length of time a security has been in an unrealized loss position, the severity of the unrealized loss and the reasons for the decline in value and expectations for the amount and timing of a recovery in fair value.

Securities the Company determines are underperforming or potential problem securities are subject to regular review. To facilitate the review, securities with significant declines in value, or where other objective criteria evidencing credit deterioration have been met, are included on a watch list. Among the criteria for securities to be included on a watch list are: credit deterioration that has led to a significant decline in fair value of the security; a significant covenant related to the security has been breached; or an issuer has filed or indicated a possibility of filing for bankruptcy, has missed or announced it intends to miss a scheduled interest or principal payment, or has experienced a specific material adverse change that may impair its creditworthiness.

In performing these reviews, the Company considers the relevant facts and circumstances relating to each investment and exercises considerable judgment in determining whether a security is other-than-temporarily impaired. Assessment factors include judgments about an obligor’s current and projected financial position, an issuer’s current and projected ability to service and repay its debt obligations, the existence of, and realizable value of, any collateral backing the obligations and the macro-economic and micro-economic outlooks for specific industries and issuers. This assessment may also involve assumptions regarding underlying collateral such as prepayment rates, default and recovery rates, and third-party servicing capabilities.

Among the specific factors considered are whether the decline in fair value results from a change in the credit quality of the security itself, or from a downward movement in the market as a whole, and the likelihood of recovering the carrying value based on the near-term prospects of the issuer. Unrealized losses that are considered to be primarily the result of market conditions (e.g., minor increases in interest rates, temporary market illiquidity or volatility or industry-related events) and where the Company also believes there exists a reasonable expectation for recovery in the near term are usually determined to be temporary. To the extent that factors contributing to impairment losses recognized affect other investments, such investments are also reviewed for other-than-temporary impairment and losses are recorded when appropriate.

In addition to the review procedures described above, investments in asset-backed securities where market prices are depressed are subject to a review of their future estimated cash flows, including expected and stress case scenarios, to identify potential shortfalls in contractual payments. These estimated cash flows are developed using available performance indicators from the underlying assets including current and projected default or delinquency rates, levels of credit enhancement, current subordination levels, vintage, expected loss severity and other relevant characteristics. These estimates reflect a combination of data derived by third parties and internally developed assumptions. Where possible, this data is benchmarked against third-party sources.

Even in the case of severely depressed market values on asset-backed securities, the Company places significant reliance on the results of its cash flow testing and its lack of an intent to sell these securities until their fair values recover when reaching other-than-temporary impairment conclusions with regard to these securities. Other-than-temporary impairment charges are recorded on asset-backed securities when the Company forecasts a contractual payment shortfall.

The Company recognizes other-than-temporary impairments on debt securities in an unrealized loss position when any of the following circumstances exists:

•
The Company does not expect full recovery of the amortized cost based on the discounted cash flows estimated to be collected;
•
The Company intends to sell a security; or,
•
It is more likely than not that the Company will be required to sell a security prior to recovery.


18
Jackson National Life Insurance Company of New York
(a wholly owned subsidiary of Jackson National Life Insurance Company)
Notes to Financial Statements
December 31, 2016 and 2015


For mortgage-backed securities, credit impairment is assessed using a cash flow model that estimates the cash flows on the underlying mortgages, using the security-specific collateral characteristics and transaction structure. The model estimates cash flows from the underlying mortgage loans and distributes those cash flows to various tranches of securities, considering the transaction structure and any subordination and credit enhancements existing in that structure. The cash flow model incorporates actual cash flows on the mortgage-backed securities through the current period and then projects the remaining cash flows using a number of assumptions, including prepayment speeds, default rates and loss severity.

Specifically for prime and Alt-A RMBS, the assumed default percentage is dependent on the severity of delinquency status, with foreclosures and real estate owned receiving higher rates, but also includes the currently performing loans. As of December 31, 2016 and 2015, assumed default rates for delinquent loans ranged from 15% to 100%. At December 31, 2016 and 2015, assumed loss severities were applied to generate and analyze cash flows of each security and ranged from 25% to 70%.

These estimates reflect a combination of data derived by third-parties and internally developed assumptions. Where possible, this data is benchmarked against other third-party sources. In addition, these estimates are extrapolated along a default timing curve to estimate the total lifetime pool default rate.

Other-than-temporary impairments are calculated as the difference between amortized cost and fair value. For other-than-temporarily impaired securities where Jackson-NY does not intend to sell the security and it is not more likely than not that Jackson-NY will be required to sell the security prior to recovery, total other-than-temporary impairments are reduced by the non-credit portion of the other-than-temporary impairments, which are recognized in other comprehensive income. The resultant net other-than-temporary impairments recorded in net income reflect only the credit loss on the other-than-temporarily impaired securities. The amortized cost of the other-than-temporarily impaired securities is reduced by the amount of this credit loss.

For securities that were deemed to be other-than-temporarily impaired and for which a non-credit loss was recorded in other comprehensive income, the amount recorded as an unrealized gain (loss) represents the difference between the fair value and the new amortized cost basis of the securities. The unrealized gain (loss) on other-than-temporarily impaired securities is recorded in other comprehensive income.

The following table summarizes net realized gains (losses) on investments (in thousands):

 
 
Years Ended December 31,
 
 
2016
 
2015
 
2014
Available-for-sale securities
 
 
 
 
 
 
   Realized gains on sale
 
$
19,726

 
$
4,175

 
$
4,439

   Realized losses on sale
 
(6,529
)
 
(3,146
)
 
(421
)
Impairments:
 
 
 
 
 
 
  Total other-than-temporary impairments
 
(2,440
)
 
(1,525
)
 
(2,642
)
   Portion of other-than-temporary impairments
 
 
 
 
 
 
included in other comprehensive income
 
142

 
(32
)
 
1,890

   Net other-than-temporary impairments
 
(2,298
)
 
(1,557
)
 
(752
)
Other
 
17

 
18

 
—

   Net realized gains (losses) on investments
 
$
10,916

 
$
(510
)
 
$
3,266


The aggregate fair value of securities sold at a loss for the years ended December 31, 2016, 2015, and 2014 was $55.7 million, $16.4 million, and $18.4 million, respectively, which was approximately 90%, 84%, and 98% of book value, respectively.


19
Jackson National Life Insurance Company of New York
(a wholly owned subsidiary of Jackson National Life Insurance Company)
Notes to Financial Statements
December 31, 2016 and 2015


The following summarizes the current year activity for credit losses recognized in net income on debt securities where an other-than-temporary impairment was identified and the non-credit portion of the other-than-temporary impairment was included in other comprehensive income (in thousands):
 
Years Ended December 31,
 
2016
 
2015
Cumulative credit loss beginning balance
$
8,673

 
$
8,512

Additions:
 
 
 
New credit losses
2,132

 
1,381

Incremental credit losses
166

 
176

Reductions:
 
 
 
Securities sold, paid down or disposed of
(5,588
)
 
(1,396
)
Securities where there is intent to sell
(291
)
 
—

Cumulative credit loss ending balance
$
5,092

 
$
8,673


There are inherent uncertainties in assessing the fair values assigned to the Company’s investments and in determining whether a decline in fair value is other-than-temporary. The Company’s reviews of net present value and fair value involve several criteria including economic conditions, credit loss experience, other issuer-specific developments and estimated future cash flows. These assessments are based on the best available information at the time. Factors such as market liquidity, the widening of bid/ask spreads and a change in the cash flow assumptions can contribute to future price volatility. If actual experience differs negatively from the assumptions and other considerations used in the financial statements, unrealized losses currently reported in accumulated other comprehensive income may be recognized in the income statements in future periods.

The Company currently has no intent to sell securities with unrealized losses considered to be temporary until they mature or recover in value and believes that it has the ability to do so. However, if the specific facts and circumstances surrounding an individual security, or the outlook for its industry sector change, the Company may sell the security prior to its maturity or recovery and realize a loss.

Securities Lending
The Company has entered into a securities lending agreement with an agent bank whereby blocks of securities are loaned to third parties, primarily major brokerage firms. This agreement is subject to master netting arrangements and collateral arrangements, which creates a right of offset for amounts due to and due from that same counterparty that is enforceable in the event of a default or bankruptcy. The Company recognizes amounts subject to master netting arrangements on a gross basis within the balance sheets.

As of December 31, 2016 and 2015, the estimated fair value of loaned securities was $10.5 million and $8.7 million, respectively. The agreements require a minimum of 102 percent of the fair value of the loaned securities to be held as collateral, calculated on a daily basis. To further minimize the credit risks related to this program, the financial condition of counterparties is monitored on a regular basis. At December 31, 2016 and 2015, cash collateral received in the amount of $10.7 million and $9.0 million, respectively, was invested by the agent bank and included in cash and cash equivalents of the Company. A securities lending payable for the overnight and continuous loans is included in other liabilities in the amount of cash collateral received.

Securities lending transactions are used to generate income. Income and expenses associated with these transactions are reported in net investment income.



20
Jackson National Life Insurance Company of New York
(a wholly owned subsidiary of Jackson National Life Insurance Company)
Notes to Financial Statements
December 31, 2016 and 2015


4.
Fair Value Measurements

The following chart summarizes the fair value and carrying value of Jackson-NY’s financial instruments (in thousands). The basis for determining the fair value of each instrument is described in Note 2.
 
 
 
December 31, 2016
 
December 31, 2015
 
 
 
Carrying Value
Fair Value
 
Carrying Value
Fair Value
Assets
 
 
 
 
 
 
 
Fixed maturities
$
1,914,604

$
1,914,604

 
$
1,835,373

$
1,835,373

 
Trading securities
144

144

 
532

532

 
Policy loans
299

299

 
282

282

 
Cash and cash equivalents
247,616

247,616

 
119,596

119,596

 
Reinsurance recoverable, net (1)
1,246,315

1,843,926

 
134,580

134,580

 
Separate account assets
9,638,780

9,638,780

 
8,515,156

8,515,156

 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
Annuity reserves (2)
$
1,900,114

$
2,551,445

 
$
1,750,750

$
2,246,908

 
Securities lending payable
10,744

10,744

 
9,021

9,021

 
Separate account liabilities
9,638,780

9,638,780

 
8,515,156

8,515,156

 
 
 
 
 
 
 
 
(1) Represents only the components of reinsurance recoverable that are considered to be financial instruments, which arise from the GMWB and GMIB reinsurance agreements.
(2) Annuity reserves represent only the components of other contract holder funds and reserves for future policy benefits and claims payable that are considered to be financial instruments.

The following is a discussion of the methodologies used to determine fair values of the financial instruments measured on both a recurring and nonrecurring basis reported in the following tables.

Fixed Maturity and Trading Securities
The fair values for fixed maturity and trading securities are determined using information available from independent pricing services, broker-dealer quotes, or internally derived estimates. Priority is given to publicly available prices from independent sources, when available. Securities for which the independent pricing service does not provide a quotation are either submitted to independent broker-dealers for prices or priced internally. Typical inputs used by these three pricing methods include, but are not limited to, reported trades, benchmark yields, credit spreads, liquidity premiums, and/or estimated cash flows based on default and prepayment assumptions.

As a result of typical trading volumes and the lack of specific quoted market prices for most fixed maturities, independent pricing services will normally derive the security prices through recently reported trades for identical or similar securities, making adjustments through the reporting date based upon available market observable information as outlined above. If there are no recently reported trades, the independent pricing services and broker-dealers may use matrix or pricing model processes to develop a security price where future cash flow expectations are developed based upon collateral performance and discounted at relevant market rates. Certain securities are priced using broker-dealer quotes, which may utilize proprietary inputs and models. Additionally, the majority of these quotes are non-binding.

Included in the pricing of asset-backed securities are estimates of the rate of future prepayments of principal over the remaining life of the securities. Such estimates are derived based on the characteristics of the underlying structure and prepayment assumptions believed to be relevant for the underlying collateral. Actual prepayment experience may vary from these estimates.

Internally derived estimates may be used to develop a fair value for securities for which the Company is unable to obtain either a reliable price from an independent pricing service or a suitable broker-dealer quote. These fair value estimates may incorporate Level 2 and Level 3 inputs and are generally derived using expected future cash flows, discounted at market interest rates available from market sources based on the credit quality and duration of the instrument. For securities that may not be reliably priced using these internally developed pricing models, a fair value

21
Jackson National Life Insurance Company of New York
(a wholly owned subsidiary of Jackson National Life Insurance Company)
Notes to Financial Statements
December 31, 2016 and 2015


may be estimated using indicative market prices. These prices are indicative of an exit price, but the assumptions used to establish the fair value may not be observable or corroborated by market observable information and, therefore, represent Level 3 inputs.

The Company performs a monthly analysis on the prices and credit spreads received from third parties to ensure that the prices represent a reasonable estimate of the fair value. This process involves quantitative and qualitative analysis and is overseen by investment and accounting professionals. Examples of procedures performed include, but are not limited to, initial and ongoing review of third party pricing service methodologies, review of pricing statistics and trends, back testing recent trades and monitoring of trading volumes. In addition, the Company considers whether prices received from independent broker-dealers represent a reasonable estimate of fair value through the use of internal and external cash flow models, which are developed based on spreads and, when available, market indices. As a result of this analysis, if the Company determines there is a more appropriate fair value based upon the available market data, the price received from the third party may be adjusted accordingly.

For those securities that were internally valued at December 31, 2016 and 2015, the pricing model used by the Company utilizes current spread levels of similarly rated securities to determine the market discount rate for the security.  Furthermore, appropriate risk premiums for illiquidity and non-performance are incorporated in the discount rate.  Cash flows, as estimated by the Company using issuer-specific default statistics and prepayment assumptions, are discounted to determine an estimated fair value. 

On an ongoing basis, the Company reviews the independent pricing services’ valuation methodologies and related inputs, and evaluates the various types of securities in its investment portfolio to determine an appropriate fair value hierarchy distribution based upon trading activity and the observability of market inputs. Based on the results of this evaluation, each price is classified into Level 1, 2, or 3. Most prices provided by independent pricing services, including broker quotes, are classified into Level 2 due to their use of market observable inputs.

Policy Loans
Policy loans are funds provided to policyholders in return for a claim on the policies values and function like demand deposits which are redeemable upon repayment, death or surrender, and there is only one market price at which the transaction could be settled - the then current carrying value.  The funds provided are limited to the cash surrender value of the underlying policy.  The nature of policy loans is to have a negligible default risk as the loans are fully collateralized by the value of the policy.  Policy loans do not have a stated maturity and the balances and accrued interest are repaid either by the policyholder or with proceeds from the policy.  Due to the collateralized nature of policy loans and unpredictable timing of payments, the Company believes the carrying value of policy loans approximates fair value.

Cash and Cash Equivalents
Cash and cash equivalents primarily include money market instruments and bank deposits. Money market instruments are valued using unadjusted quoted prices in active markets and are classified as Level 1.

Reinsurance Recoverable
Reinsurance recoverable includes ceded amounts related to both variable annuity guaranteed benefit reserves and variable annuity general account fund balances. Certain ceded guaranteed benefit reserves are carried at fair value, as discussed below. Fair values of general account fund balances are determined using projected future cash flows discounted at current market rates.

Separate Account Assets and Liabilities
Separate account assets are comprised of investments in mutual funds that transact regularly, but do not trade in active markets as they are not publically available, are categorized as Level 2 assets. The value of separate account liabilities are set equal to the values of separate account assets.

Other Contract Holder Funds
Fair values for immediate annuities without mortality features are derived by discounting the future estimated cash flows using current market interest rates for similar maturities. Fair values for deferred annuities are determined using projected future cash flows discounted at current market interest rates.


22
Jackson National Life Insurance Company of New York
(a wholly owned subsidiary of Jackson National Life Insurance Company)
Notes to Financial Statements
December 31, 2016 and 2015


Securities Lending Payable
The Company’s securities lending payable, which is included in other liabilities, is set equal to the cash collateral received. Due to the short-term nature of the loans, carrying value is a reasonable estimate of fair value and is classified as Level 2.

Certain Guaranteed Benefits
Variable annuity contracts issued by the Company offer various guaranteed minimum death, withdrawal, and income benefits. Certain benefits, primarily non-life contingent GMWBs and the reinsurance recoverable on the Company’s GMIBs, are recorded at fair value. Guaranteed benefits that are not subject to fair value accounting are accounted for as insurance benefits.

Non-life contingent components of GMWBs are recorded at fair value with changes in fair value recorded in death, other policy benefits and change in policy reserves. The fair value of the reserve is based on the expectations of future benefit payments and certain future fees associated with the benefits. At the inception of the contract, the Company attributes to the embedded derivative a portion of total fees collected from the contract holder, which is then held static in future valuations. Those fees, generally referred to as the attributed fees, are set such that the present value of the attributed fees is equal to the present value of future claims expected to be paid under the guaranteed benefit at the inception of the contract. In subsequent valuations, both the present value of future benefits and the present value of attributed fees are revalued based on current market conditions and policyholder behavior assumptions. The difference between each of the two components represents the fair value of the embedded derivative. The ceded reserves for these products are calculated based on the assuming company’s share of the direct reserve.

Jackson-NY’s GMIB book is reinsured through an unrelated party, and due to the net settlement provisions of the reinsurance agreement, this contract meets the definition of a derivative. Accordingly, the GMIB reinsurance agreement is recorded at fair value, with changes in fair value recorded in death, other policy benefits and change in policy reserves. Due to the inability to economically reinsure or hedge new issues of the GMIB, the Company discontinued offering the benefit in 2009.

Fair values for direct and ceded GMWB embedded derivatives, as well as GMIB reinsurance recoverables, are calculated using internally developed models because active, observable markets do not exist for those guaranteed benefits.

The fair value calculation is based on the present value of future cash flows comprised of future expected benefit payments, less future attributed rider fees, over the lives of the contracts. Estimating these cash flows requires numerous estimates and subjective judgments related to capital market inputs, as well as actuarially determined assumptions related to expectations concerning policyholder behavior. Capital market inputs include expected market rates of return, market volatility, correlations of market index returns to funds, fund performance and discount rates. The more significant actuarial assumptions include benefit utilization by policyholders under varying conditions, fund allocation, persistency, mortality, and withdrawal rates. Best estimate assumptions plus risk margins are used as applicable.

At each valuation date, the Company assumes expected returns based on the greater of LIBOR swap rates and constant maturity treasury rates as of that date to determine the value of expected future cash flows produced in a stochastic process. Volatility assumptions are based on a weighting of available market data for implied market volatility for durations up to 10 years, grading to a historical volatility level by year 15, where such long-term historical volatility levels contain an explicit risk margin. Additionally, non-performance risk is incorporated into the calculation through the use of discount rates based on a AA corporate credit curve as an approximation of Jackson-NY’s own credit risk. Risk margins are also incorporated into the model assumptions, particularly for policyholder behavior. Estimates of future policyholder behavior are subjective and are based primarily on the Company’s experience and that of its Parent.

As markets change, mature and evolve and actual policyholder behavior emerges, management continually evaluates the appropriateness of its assumptions for this component of the fair value model.

The use of the models and assumptions described above requires a significant amount of judgment. Management believes the aggregation of each of these components results in an amount that the Company would be required to

23
Jackson National Life Insurance Company of New York
(a wholly owned subsidiary of Jackson National Life Insurance Company)
Notes to Financial Statements
December 31, 2016 and 2015


transfer for a liability, or receive for an asset, to or from a willing buyer or seller, if one existed, for those market participants to assume the risks associated with the guaranteed benefits and the related reinsurance. However, the ultimate settlement amount of the asset or liability, which is currently unknown, could likely be significantly different than the fair value.

Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following table summarizes the Company’s assets and liabilities that are carried at fair value by hierarchy levels (in thousands):
 
 
 
 
December 31, 2016
 
 
 
 
Total
Level 1
Level 2
Level 3
 
Assets
 
 
 
 
 
 
 
Fixed maturities
 
 
 
 
 
 
U.S. government securities
$
58,324

$
58,324

$
—

$
—

 
 
Other government securities
5,344

—

5,344

—

 
 
Public utilities
171,105

—

171,105

—

 
 
Corporate securities
1,284,220

—

1,284,220

—

 
 
Residential mortgage-backed
43,041

—

43,041

—

 
 
Commercial mortgage-backed
206,229

—

206,229

—

 
 
Other asset-backed securities
146,341

—

146,341

—

 
 
Trading securities
144

144

—

—

 
 
Reinsurance recoverable, net (1)
136,412

—

—

136,412

 
 
Separate account assets
9,638,780

—

9,638,780

—

 
 
Total
$
11,689,940

$
58,468

$
11,495,060

$
136,412

 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
Embedded derivative liability
$
132,987

$
—

$
—

$
132,987

 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2015
 
 
 
 
Total
Level 1
Level 2
Level 3
 
Assets
 
 
 
 
 
 
 
Fixed maturities
 
 
 
 
 
 
U.S. government securities
$
61,578

$
61,578

$
—

$
—

 
 
Public utilities
148,243

—

148,243

—

 
 
Corporate securities
1,241,890

—

1,241,890

—

 
 
Residential mortgage-backed
63,571

—

63,571

—

 
 
Commercial mortgage-backed
232,444

—

232,398

46

 
 
Other asset-backed securities
87,647

—

87,647

—

 
 
Trading securities
532

532

—

—

 
 
Reinsurance recoverable, net (1)
134,580

—

—

134,580

 
 
Separate account assets
8,515,156

—

8,515,156

—

 
 
Total
$
10,485,641

$
62,110

$
10,288,905

$
134,626

 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
Embedded derivative liability
$
129,386

$
—

$
—

$
129,386

 
 
 
 
 
 
 
 
 
(1) Represents only the components of reinsurance recoverable that are considered to be financial instruments, which arise from the GMWB and GMIB reinsurance agreements.
 

24
Jackson National Life Insurance Company of New York
(a wholly owned subsidiary of Jackson National Life Insurance Company)
Notes to Financial Statements
December 31, 2016 and 2015


Assets and Liabilities Measured at Fair Value Using Significant Unobservable Inputs (Level 3)

Level 3 Assets and Liabilities by Price Source
The table below presents the balances of Level 3 assets and liabilities measured at fair value with their corresponding pricing sources (in thousands).
 
 
December 31, 2016
Assets
 
Total
Internal
External
Reinsurance recoverable, net (1)
$
136,412

$
136,412

$
—

 
 
 
 
 
Liabilities
 
 
 
 
Embedded derivative liability
$
132,987

$
132,987

$
—

 
 
 
 
 
 
 
December 31, 2015
Assets
 
Total
Internal
External
Commercial mortgage-backed
$
46

$
46

$
—

Reinsurance recoverable, net (1)
134,580

134,580

—

Total
 
$
134,626

$
134,626

$
—

 
 
 
 
 
Liabilities
 
 
 
 
Embedded derivative liability
$
129,386

$
129,386

$
—

 
 
 
 
 
(1) Represents only the components of reinsurance recoverable that are considered to be financial instruments, which arise from the GMWB and GMIB reinsurance agreements.

Quantitative Information Regarding Internally-Priced Level 3 Assets and Liabilities
The table below presents quantitative information on significant internally-priced Level 3 assets and liabilities (in thousands).
 
 
December 31, 2016
 
 
Fair Value
Valuation
Technique(s)
Unobservable
 Input(s)
Range
(Weighted Average)
Impact of
 Increase in
 Input on Fair Value
Assets
 
 
 
 
 
Reinsurance recoverable, net (1)
$
136,412

Discounted cash flow
See below
See below
See below
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
Embedded derivative liability
$
132,987

Discounted cash flow
See below
See below
See below
 
 
 
 
 
 
 
 
 
December 31, 2015
 
 
Fair Value
Valuation
Technique(s)
Unobservable
 Input(s)
Range
(Weighted Average)
Impact of
 Increase in
 Input on Fair Value
Assets
 
 
 
 
 
Reinsurance recoverable, net (1)
$
134,580

Discounted cash flow
See below
See below
See below
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
Embedded derivative liability
$
129,386

Discounted cash flow
See below
See below
See below
 
 
 
 
 
 
 
(1) Represents only the components of reinsurance recoverable that are considered to be financial instruments, which arise from the GMWB and GMIB reinsurance agreements.

Sensitivity to Changes in Unobservable Inputs
The following is a general description of sensitivities of significant unobservable inputs and their impact on the fair value measurement, for the assets and liabilities reflected in the table above.



25
Jackson National Life Insurance Company of New York
(a wholly owned subsidiary of Jackson National Life Insurance Company)
Notes to Financial Statements
December 31, 2016 and 2015


At December 31, 2016 and 2015, commercial mortgage-backed securities of nil and $46 thousand, respectively, are fair valued using techniques incorporating unobservable inputs and are classified in Level 3 of the fair value hierarchy. For these assets, their unobservable inputs and ranges of possible inputs do not materially affect their fair valuations and have been excluded from the quantitative information in the table above.

The GMIB reinsurance recoverable fair value calculation is based on the present value of future cash flows comprised of future expected reinsurance benefit receipts, less future attributed premium payments to reinsurers, over the lives of the contracts. Estimating these cash flows requires actuarially determined assumptions related to expectations concerning policyholder behavior and long-term market volatility. The more significant policyholder behavior actuarial assumptions include benefit utilization, fund allocation, persistency, and mortality. In general, an increase (decrease) in assumed benefit utilization would increase (decrease) the fair value of the reinsurance recoverable; an increase (decrease) in allocation to equity funds would increase (decrease) the fair value of the reinsurance recoverable; an increase (decrease) in assumed persistency would increase (decrease) the fair value of the reinsurance recoverable; an increase (decrease) in assumed mortality would decrease (increase) the fair value of the reinsurance recoverable; and an increase (decrease) in long-term market volatility would increase (decrease) the fair value of the reinsurance recoverable.

Embedded derivative liabilities classified in Level 3 represent the fair value of GMWB liabilities.  These fair value calculations are based on the present value of future cash flows comprised of future expected benefit payments, less future attributed rider fees, over the lives of the contracts.   Estimating these cash flows requires actuarially determined assumptions related to expectations concerning policyholder behavior and long-term market volatility.  The more significant policyholder behavior actuarial assumptions include benefit utilization, fund allocation, persistency, and mortality.  In general, an increase (decrease) in assumed benefit utilization would increase (decrease) the fair value of the liabilities; an increase (decrease) in allocation to equity funds would increase (decrease) the fair value of the liabilities; an increase (decrease) in assumed persistency would increase (decrease) the fair value of the liabilities; an increase (decrease) in assumed mortality would decrease (increase) the fair value of the liabilities; and an increase (decrease) in long-term market volatility would increase (decrease) the fair value of the liabilities.

GMWB reinsurance recoverable fair value calculations are based on the assuming company’s share of the direct reserve, which is described above. The more significant actuarial assumptions include benefit utilization, fund allocation, persistency, mortality, and long-term market volatility. In general, an increase (decrease) in assumed benefit utilization would increase (decrease) the fair value of the reinsurance recoverable; an increase (decrease) in allocation to equity funds would increase (decrease) the fair value of the reinsurance recoverable; an increase (decrease) in assumed persistency would increase (decrease) the fair value of the reinsurance recoverable; an increase (decrease) in assumed mortality would decrease (increase) the fair value of the reinsurance recoverable; and an increase (decrease) in long-term market volatility would increase (decrease) the fair value of the reinsurance recoverable.



26
Jackson National Life Insurance Company of New York
(a wholly owned subsidiary of Jackson National Life Insurance Company)
Notes to Financial Statements
December 31, 2016 and 2015


The tables below provide rollforwards for 2016 and 2015 of the financial instruments for which significant unobservable inputs (Level 3) are used in the fair value measurement. Gains and losses in the table below include changes in fair value due partly to observable and unobservable factors. Additionally, the Company’s policy for determining and disclosing transfers between levels is to recognize transfers using the beginning of period balances.

 
 
 
 
Total Realized/Unrealized Gains (Losses) Included in
 
 
 
 
 
 
 
 
 
Purchases,
 
 
 
 
 
Fair Value
 
 
Sales,
 
Fair Value
 
 
 
as of
 
Other
Issuances
Transfers in
as of
 
 
 
January 1,
Net
Comprehensive
and
and/or out
December 31,
(in thousands)
2016
Income
 Income
Settlements
of Level 3
2016
Assets
 
 
 
 
 
 
 
Commercial mortgage-backed
$
46

$
1,360

$
(46
)
$
(1,360
)
$
—

$
—

 
Reinsurance recoverable, net (1)
134,580

1,832

—

—

—

136,412

 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
Embedded derivative liability
$
(129,386
)
$
(3,601
)
$
—

$
—

$
—

$
(132,987
)
 
 
 
 
 
 
 
 
 
 
 
 
Total Realized/Unrealized Gains (Losses) Included in
 
 
 
 
 
 
 
 
 
Purchases,
 
 
 
 
 
Fair Value
 
 
Sales,
 
Fair Value
 
 
 
as of
 
Other
Issuances
Transfers in
as of
 
 
 
January 1,
Net
Comprehensive
and
and/or out
December 31,
(in thousands)
2015
Income
 Income
Settlements
of Level 3
2015
Assets
 
 
 
 
 
 
 
Commercial mortgage-backed
$
46

$
(104
)
$
104

$
—

$
—

$
46

 
Reinsurance (payable) recoverable, net (1)
114,699

19,881

—

—

—

134,580

 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
Embedded derivative asset (liability)
$
(107,729
)
$
(21,657
)
$
—

$
—

$
—

$
(129,386
)
 
 
 
 
 
 
 
 
 
 
(1) Represents only the components of reinsurance recoverable that are considered to be financial instruments, which arise from the GMWB and GMIB reinsurance agreements.

The components of the amounts included in purchases, sales, issuances and settlements for years ended December 31, 2016 and 2015 shown above are as follows (in thousands):
 
 
 
December 31, 2016
 
 
 
Purchases
Sales
Issuances
Settlements
Total
Assets
 
 
 
 
 
 
Commercial mortgage-backed
$
—

$
(1,360
)
$
—

$
—

$
(1,360
)

There were no transfers between Level 2 and Level 3 in 2016 or 2015. In addition, there were no transfers between Level 1 and 2 of the fair value hierarchy in 2016 or 2015.


27
Jackson National Life Insurance Company of New York
(a wholly owned subsidiary of Jackson National Life Insurance Company)
Notes to Financial Statements
December 31, 2016 and 2015


The portion of gains (losses) included in net income or other comprehensive income attributable to the change in unrealized gains and losses on Level 3 financial instruments still held at December 31, 2016 and 2015, was as follows (in thousands):
 
 
 
2016
 
2015
Assets
 
 
 
 
Reinsurance recoverable, net (1)
$
1,832

 
$
19,881

 
 
 
 
 
 
Liabilities
 
 
 
 
Embedded derivative liability
$
(3,601
)
 
$
(21,657
)
 
 
 
 
 
 
 
(1) Represents only the components of reinsurance recoverable that are considered to be financial instruments, which arise from the GMWB and GMIB reinsurance agreements.

Fair Value of Financial Instruments Carried at Other Than Fair Value
The table below presents the carrying amount and fair value by fair value hierarchy level of certain financial instruments that are not reported at fair value (in thousands).

 
 
 
 
 
December 31, 2016
 
December 31, 2015
 
 
 
Fair Value Hierarchy Level
 
Carrying Value
Fair Value
 
Carrying Value
Fair Value
Assets
 
 
 
 
 
 
 
 
Policy loans
Level 3
 
$
299

$
299

 
$
282

$
282

 
Reinsurance recoverable, net (1)
Level 3
 
1,109,903

1,707,514

 
—

—

 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
Annuity reserves (2)
Level 3
 
$
1,767,127

$
2,418,458

 
$
1,621,364

$
2,117,522

 
Securities lending payable
Level 2
 
10,744

10,744

 
9,021

9,021

 
Separate account liabilities (3)
Level 2
 
9,638,780

9,638,780

 
8,515,156

8,515,156

 
 
 
 
 
 
 
 
 
 
 
(1) Represents only the components of reinsurance recoverable that are considered to be financial instruments, which arise from the variable annuity general account reinsurance agreement.
 
(2) Annuity reserves represent only the components of other contract holder funds that are considered to be financial instruments.
 
(3) The values of separate account liabilities are set equal to the values of separate account values.


28
Jackson National Life Insurance Company of New York
(a wholly owned subsidiary of Jackson National Life Insurance Company)
Notes to Financial Statements
December 31, 2016 and 2015


5.
Deferred Acquisition Costs and Deferred Sales Inducements

The balances of and changes in deferred acquisition costs, as of and for the years ended December 31, were as follows (in thousands):
 
 
 
 
2016
 
2015
 
2014
Balance, beginning of year
$
359,229

 
$
297,583

 
$
244,983

 
Deferrals of acquisition costs
68,482

 
83,978

 
88,201

 
Amortization related to:
 
 
 
 
 
 
 
Operations
(35,422
)
 
(47,196
)
 
(26,468
)
 
 
Net realized losses (gains)
(1,669
)
 
92

 
(635
)
 
 
DAC write off (1)
(340,964
)
 
—

 
—

 
 
 
Total amortization
(378,055
)
 
(47,104
)
 
(27,103
)
 
Unrealized investment losses (gains)
2,922

 
24,772

 
(8,498
)
Balance, end of year
$
52,578

 
$
359,229

 
$
297,583

 
 
 
 
 
 
 
 
 
(1) See Note 2 for description of Variable Annuity reinsurance agreement amendment.

The balances of and changes in deferred sales inducements, as of and for the years ended December 31, were as follows (in thousands):
 
 
 
 
2016
 
2015
 
2014
Balance, beginning of year
$
5,486

 
$
5,661

 
$
7,403

 
Deferrals of sales inducements
205

 
400

 
544

 
Amortization related to:
 
 
 
 
 
 
 
Operations
(2,779
)
 
(1,918
)
 
(2,582
)
 
 
Net realized losses (gains)
47

 
3

 
(33
)
 
 
SIA write off (1)
(743
)
 
—

 
—

 
 
 
Total amortization
(3,475
)
 
(1,915
)
 
(2,615
)
 
Unrealized investment losses
308

 
1,340

 
329

Balance, end of year
$
2,524

 
$
5,486

 
$
5,661

 
 
 
 
 
 
 
 
 
(1) See Note 2 for description of Variable Annuity reinsurance agreement amendment.
 

6.
Reinsurance

The Company cedes reinsurance to unaffiliated insurance companies in order to limit losses from large exposures; however, if the reinsurer is unable to meet its obligations, the originating issuer of the coverage retains the liability. The Company reinsures certain of its risks to other reinsurers under a yearly renewable term or coinsurance basis. The Company regularly monitors the financial strength rating of reinsurers.

As discussed in Note 2, Jackson-NY also cedes 90% of the risk associated with variable annuities to its Parent on a coinsurance/modified coinsurance basis.
 
Premiums ceded to Jackson for guaranteed minimum withdrawal benefits prior to the amendment effective December 31, 2016 were $84.9 million, $74.1 million, and $60.3 million in 2016, 2015, and 2014, respectively.






29
Jackson National Life Insurance Company of New York
(a wholly owned subsidiary of Jackson National Life Insurance Company)
Notes to Financial Statements
December 31, 2016 and 2015


The effect of reinsurance on premiums was as follows (in thousands):
 
 
Years Ended December 31,
 
 
2016
 
2015
 
2014
Direct premiums
 
$
337

 
$
373

 
$
423

Less reinsurance ceded:
 
 
 
 
 
 
Life
 
(226
)
 
(287
)
 
(359
)
Annuity
 
(117,039
)
 
(74,975
)
 
(61,208
)
Net premiums
 
$
(116,928
)
 
$
(74,889
)
 
$
(61,144
)

Death, other policy benefits, and change in policy reserves, net of deferrals, is net of change in GMWB reserves ceded of $4.8 million, $19.8 million, and $158.4 million in 2016, 2015, and 2014, respectively.

Components of the reinsurance recoverable were as follows (in thousands):
 
 
 
December 31,
 
 
2016
 
2015
Reinsurance recoverable:
 
 
 
 
Ceded reserves
 
$
1,262,662

 
$
139,238

Ceded claims liability
 
28,732

 
—

Ceded other
 
—

 
61

Total
 
$
1,291,394

 
$
139,299


Reinsurance recoverable from the Parent totaled $1,287.8 million and $119.1 million at December 31, 2016 and 2015, respectively.

The following table sets forth the Company’s net life insurance in-force (in thousands):
 
 
December 31,
 
 
2016
 
2015
Direct life insurance in-force
 
$
223,497

 
$
247,143

Amounts ceded to other companies
 
(170,472
)
 
(182,440
)
Net life insurance in-force
 
$
53,025

 
$
64,703


7.
Reserves for Future Policy Benefits and Claims Payable and Deposits on Investment Contracts

The following table sets forth the Company’s reserves for future policy benefits and claims payable balances (in thousands):
 
December 31,
 
2016
 
2015
Traditional life
$
2,211

 
$
2,303

Guaranteed benefits
149,799

 
144,290

Claims payable
41,167

 
39,238

Other
5

 
6

     Total
$
193,182

 
$
185,837


For traditional life insurance contracts, which include term and whole life, reserves are determined using the net level premium method and assumptions as of the issue date or acquisition date as to mortality, interest rates, persistency and expenses, plus provisions for adverse deviation. These assumptions are not unlocked unless the reserve is determined to be deficient.


30
Jackson National Life Insurance Company of New York
(a wholly owned subsidiary of Jackson National Life Insurance Company)
Notes to Financial Statements
December 31, 2016 and 2015


The Company’s liability for future policy benefits also includes liabilities for guaranteed benefits related to certain nontraditional long-duration life and annuity contracts, which are further discussed in Note 8.

The following table sets forth the Company’s liabilities for deposits on investment contracts (in thousands):
 
December 31,
 
2016
 
2015
Interest-sensitive life
$
5,584

 
$
9,034

Variable annuity fixed option
1,233,226

 
1,070,213

Fixed annuity
579,415

 
590,497

     Total
$
1,818,225

 
$
1,669,744


For interest-sensitive life contracts, liabilities approximate the policyholder’s account value. For fixed annuities, the liability is the policyholder’s account value. At December 31, 2016, the Company had interest sensitive life business with minimum guaranteed interest rates ranging from 3.0% to 4.0%, with a 3.98% average guaranteed rate and fixed interest rate annuities with minimum guaranteed rates ranging from 1.0% to 3.0% and a 2.03% average guaranteed rate.

At December 31, 2016 and 2015, approximately 95% and 97%, respectively, of the Company’s interest sensitive life business account values correspond to crediting rates that are at the minimum guaranteed interest rates.

At December 31, 2016 and 2015, approximately 89% and 88%, respectively, of the Company’s fixed interest rate annuity account values correspond to crediting rates that are at the minimum guaranteed interest rates. The following tables show the distribution of the fixed interest rate annuities’ account values within the presented ranges of minimum guaranteed interest rates (in millions):
 
 
December 31, 2016
Minimum Guaranteed Interest Rate
 
Account Value
 
Fixed
 
Variable
 
Total
1.0%
 
$
39.5

 
$
573.5

 
$
613.0

>1.0% - 2.0%
 
78.0

 
335.1

 
413.1

>2.0% - 3.0%
 
404.2

 
324.6

 
728.8

Total
 
$
521.7

 
$
1,233.2

 
$
1,754.9

 
 
 
 
 
 
 
 
 
December 31, 2015
Minimum Guaranteed Interest Rate
 
Account Value
 
Fixed
 
Variable
 
Total
1.0%
 
$
30.9

 
$
410.8

 
$
441.7

>1.0% - 2.0%
 
82.2

 
325.8

 
408.0

>2.0% - 3.0%
 
424.2

 
333.6

 
757.8

Total
 
$
537.3

 
$
1,070.2

 
$
1,607.5



31
Jackson National Life Insurance Company of New York
(a wholly owned subsidiary of Jackson National Life Insurance Company)
Notes to Financial Statements
December 31, 2016 and 2015


8.
Certain Nontraditional Long-Duration Contracts and Variable Annuity Guarantees

The Company issues variable contracts through its separate accounts for which investment income and investment gains and losses accrue directly to, and investment risk is borne by, the contract holder (traditional variable annuities). The Company also issues variable annuity and life contracts through separate accounts where the Company contractually guarantees to the contract holder (variable contracts with guarantees) either a) return of no less than total deposits made to the account adjusted for any partial withdrawals, b) total deposits made to the account adjusted for any partial withdrawals plus a minimum return, or c) the highest account value on a specified anniversary date adjusted for any withdrawals following the contract anniversary. These guarantees include benefits that are payable in the event of death (GMDB), at annuitization (GMIB) or upon the depletion of funds (GMWB).

The assets supporting the variable portion of both traditional variable annuities and variable contracts with guarantees are carried at fair value and reported as summary total separate account assets with an equivalent summary total reported for separate account liabilities. Liabilities for guaranteed benefits are general account obligations and are reported in reserves for future policy benefits and claims payable. Amounts assessed against the contract holders for mortality, administrative, and other services are reported in revenue as fee income. Changes in liabilities for minimum guarantees are reported within death, other policy benefits and change in policy reserves in the income statement. Separate account net investment income, net investment gains and losses, and the related liability changes are offset within the same line item in the income statements.




32
Jackson National Life Insurance Company of New York
(a wholly owned subsidiary of Jackson National Life Insurance Company)
Notes to Financial Statements
December 31, 2016 and 2015


At December 31, 2016 and 2015, the Company provided variable annuity contracts with guarantees, for which the net amount at risk (“NAR”) is defined as the amount of guaranteed benefit in excess of current account value, as follows (dollars in millions):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Average
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period
 
 
 
 
 
 
 
 
 
 
 
 
Weighted
 
until
December 31, 2016
Minimum
 
Account
 
Net Amount
 
Average
 
Expected
 
 
 
 
 
 
Return
 
Value
 
at Risk
 
Attained Age
 
Annuitization
Return of net deposits plus a minimum return
 
 
 
 
 
 
 
 
 
 
GMDB
0%
 
$
6,924.6

 
$
89.9

 
64.8 years
 
 
 
GMWB - Premium only
0%
 
209.0

 
3.1

 
 
 
 
 
GMWB
0-5%*
 
20.3

 
1.0

 
 
 
 
Highest specified anniversary account value minus withdrawals post-anniversary
 
 
 
 
 
 
 
 
 
 
GMDB
 
 
1,614.0

 
52.3

 
65.4 years
 
 
 
GMWB - Highest anniversary only
 
 
199.0

 
8.2

 
 
 
 
 
GMWB
 
 
43.4

 
4.2

 
 
 
 
Combination net deposits plus minimum return, highest specified anniversary account value minus withdrawals post-anniversary
 
 
 
 
 
 
 
 
 
 
GMIB
0-6%
 
95.4

 
31.5

 
 
 
0.5 years
 
GMWB
0-8%*
 
6,932.5

 
723.5

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Average
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period
 
 
 
 
 
 
 
 
 
 
 
 
Weighted
 
until
December 31, 2015
Minimum
 
Account
 
Net Amount
 
Average
 
Expected
 
 
 
 
 
 
Return
 
Value
 
at Risk
 
Attained Age
 
Annuitization
Return of net deposits plus a minimum return
 
 
 
 
 
 
 
 
 
 
GMDB
0%
 
$
6,173.3

 
$
145.7

 
64.5 years
 
 
 
GMWB - Premium only
0%
 
219.7

 
4.8

 
 
 
 
 
GMWB
0-5%*
 
21.6

 
1.1

 
 
 
 
Highest specified anniversary account value minus withdrawals post-anniversary
 
 
 
 
 
 
 
 
 
 
GMDB
 
 
1,478.9

 
108.6

 
65.0 years
 
 
 
GMWB - Highest anniversary only
 
 
202.8

 
17.6

 
 
 
 
 
GMWB
 
 
48.2

 
6.6

 
 
 
 
Combination net deposits plus minimum return, highest specified anniversary account value minus withdrawals post-anniversary
 
 
 
 
 
 
 
 
 
 
GMIB
0-6%
 
105.5

 
34.4

 
 
 
0.4 years
 
GMWB
0-8%*
 
6,123.8

 
720.1

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
* Ranges shown based on simple interest. The upper limits of 5% or 8% simple interest are approximately equal to 4.1% and 6%, respectively, on a compound interest basis over a typical 10-year bonus period.

Amounts shown as GMWB above include a ‘not-for-life’ component up to the point at which the guaranteed withdrawal benefit is exhausted, after which benefits paid are considered to be ‘for-life’ benefits. The liability related to this ‘not-for-life’ portion is valued as an embedded derivative, while the ‘for-life’ benefits are valued as an insurance liability (see below). For this table, the net amount at risk of the ‘not-for-life’ component is the undiscounted excess of the guaranteed withdrawal benefit over the account value, and that of the ‘for-life’ component is the estimated value of additional life contingent benefits paid after the guaranteed withdrawal benefit is exhausted.



33
Jackson National Life Insurance Company of New York
(a wholly owned subsidiary of Jackson National Life Insurance Company)
Notes to Financial Statements
December 31, 2016 and 2015


Account balances of contracts with guarantees were invested in variable separate accounts as follows (in millions):
 
 
 
 
 
December 31,
Fund type:
 
 
 
2016
 
2015
Equity
 
 
 
 
$
5,851.3

 
$
5,187.4

Bond
 
 
 
 
1,161.8

 
1,066.9

Balanced
 
 
 
1,384.8

 
1,284.7

Money market
 
 
 
50.9

 
46.8

Total
 
 
 
$
8,448.8

 
$
7,585.8


GMDB liabilities reflected in the general account were as follows (in millions):
 
 
 
 
 
2016
 
2015
Balance at January 1
 
 
 
$
11.0

 
$
29.9

Incurred guaranteed benefits
 
 
3.0

 
(16.7
)
Paid guaranteed benefits
 
 
(2.7
)
 
(2.2
)
Balance at December 31
 
 
$
11.3

 
$
11.0


The GMDB liability is determined by estimating the expected value of death benefits in excess of the projected account balance and recognizing the excess ratably over the accumulation period based on total expected assessments. The Company regularly evaluates estimates used and adjusts the liability balance through the income statement within death, other policy benefits and change in policy reserves, if actual experience or other evidence suggests that earlier assumptions should be revised.

The following assumptions and methodology were used to determine the GMDB liability at both December 31, 2016 and 2015 (except where noted):
1)
Use of a series of stochastic investment performance scenarios, based on historical average market volatility.
2)
Mean investment performance assumption of 7.4% after investment management fees, but before investment advisory fees and mortality and expense charges.
3)
Mortality equal to 36% to 100% of the Annuity 2000 table.
4)
Lapse rates varying by contract type, duration and degree the benefit is in-the-money and ranging from 0.5% to 40.0%, with an average of 3.7% during the surrender charge period and 7.8% thereafter (2015: 8.0%).
5)
Discount rates: 7.4% on 2013 and later issues, 8.4% on 2012 and prior issues

Most GMWB reserves are considered to be derivatives under current accounting guidance and are recognized at fair value, as previously defined, with the change in fair value reported in death, other policy benefits and change in policy reserves. The fair value of these liabilities is determined using stochastic modeling and inputs as further described in Note 4. The fair valued GMWB had a reserve liability of $133.0 million and $129.4 million at December 31, 2016 and 2015, respectively, and was reported in reserves for future policy benefits and claims payable.

Jackson-NY has also issued certain GMWB products that guarantee payments over a lifetime. Reserves for the portion of these benefits after the point where the guaranteed withdrawal balance is exhausted are calculated using assumptions and methodology similar to the GMDB liability. At December 31, 2016 and 2015, these GMWB reserves totaled $4.7 million and $3.0 million, respectively, and were reported in reserves for future policy benefits and claims payable.

The direct GMIB liability is determined at each period end by estimating the expected value of the annuitization benefits in excess of the projected account balance at the date of annuitization and recognizing the excess ratably over the accumulation period based on total expected assessments. The assumptions used for calculating the direct GMIB liability are consistent with those used for calculating the GMDB liability. At December 31, 2016 and 2015, GMIB reserves totaled $0.8 million and $0.9 million, respectively.


34
Jackson National Life Insurance Company of New York
(a wholly owned subsidiary of Jackson National Life Insurance Company)
Notes to Financial Statements
December 31, 2016 and 2015


9.
Federal Income Taxes

The components of the provision for federal income taxes were as follows (in thousands):
 
 
Years Ended December 31,
 
 
2016
 
2015
 
2014
Current tax (benefit) expense
 
$
(4,923
)
 
$
(415
)
 
$
13,664

Deferred tax (benefit) expense
 
(107,707
)
 
10,816

 
(3,328
)
Income tax (benefit) expense
 
$
(112,630
)
 
$
10,401

 
$
10,336


The federal income tax provisions differ from the amounts determined by multiplying pre-tax income by the statutory federal income tax rate of 35% for 2016, 2015, and 2014 as follows (in thousands):

 
 
Years Ended December 31,
 
 
2016
 
2015
 
2014
Income taxes at statutory rate
 
$
(91,296
)
 
$
25,997

 
$
16,547

Dividends received deduction
 
(21,360
)
 
(15,625
)
 
(6,238
)
Other
 
26

 
29

 
27

Income tax (benefit) expense
 
$
(112,630
)
 
$
10,401

 
$
10,336

 
 
 
 
 
 
 
Effective tax rate
 
43.2
%
 
14.0
%
 
21.9
%

Federal income taxes (received) paid to Jackson in 2016, 2015, and 2014 were $(3.5) million, $2.8 million and $8.9 million, respectively.

The tax effects of significant temporary differences that gave rise to deferred tax assets and liabilities were as follows (in thousands):
 
 
 
 
December 31,
 
 
 
 
2016
 
2015
Gross deferred tax asset
 
 
 
Difference between financial reporting and the tax basis of:
 
 
 
Policy reserves and other insurance items
$
12,550

 
$
92,851

Deferred gain on reinsurance
85,090

 
99

Other, net
4,188

 
11,019

Total gross deferred tax asset
101,828

 
103,969

 
 
 
 
 
 
 
Gross deferred tax liability
 
 
 
Difference between financial reporting and the tax basis of:
 
 
 
Deferred acquisition costs and sales inducements
(8,681
)
 
(118,840
)
Net unrealized gains on available for sale securities
(6,782
)
 
(8,546
)
Other investment items
(1,007
)
 
(694
)
Total gross deferred tax liability
(16,470
)
 
(128,080
)
 
 
 
 
 
 
 
Net deferred tax asset (liability)
$
85,358

 
$
(24,111
)

The Company is required to evaluate the recoverability of its deferred tax assets and establish a valuation allowance, if necessary, to reduce its deferred tax asset to an amount that is more likely than not to be realizable. Considerable judgment and the use of estimates are required when determining whether a valuation allowance is necessary and, if so, the amount of such valuation allowance. When evaluating the need for a valuation allowance, the Company considers many factors, including: the nature and character of the deferred tax assets and liabilities; taxable income in prior carryback years; future reversals of temporary differences; the length of time carryovers can be utilized; and any

35
Jackson National Life Insurance Company of New York
(a wholly owned subsidiary of Jackson National Life Insurance Company)
Notes to Financial Statements
December 31, 2016 and 2015


tax planning strategies the Company would employ to avoid a tax benefit from expiring unused. Although realization is not assured, management believes as of December 31, 2016, it is more likely than not that the deferred tax assets, will be realized. At December 31, 2016 and 2015, the Company did not have a valuation allowance.

The Company has considered both permanent and temporary positions in determining the unrecognized tax benefit rollforward. The total amount of unrecognized benefits represents tax positions for which there is uncertainty about the timing of certain deductions. The timing of such deductions would not affect the annual effective tax rate, excluding the impact of interest and penalties.

The Company has not recorded any amounts for penalties related to unrecognized tax benefits during 2016, 2015, or 2014.

Based on information available as of December 31, 2016, the Company believes that, in the next 12 months, there are no positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly increase or decrease.

10.
Contingencies

The Company has previously received regulatory inquiries on an industry-wide matter relating to claims settlement practices and compliance with unclaimed property laws.   Any regulatory audits, related examination activity and internal reviews as a result of these inquiries may result in additional payments to beneficiaries, escheatment of funds deemed abandoned under state laws, administrative penalties and changes in the Company’s procedures for the identification of unreported claims and handling of escheatable property.

In 2013, the Company recorded $6.4 million ($4.2 million after-tax) for potential additional tax liability related to a franchise/premium tax audit by the state of New York. In June 2014, the state of New York formally conceded the issue in the Company’s favor, the expense was reversed, and the matter was closed.

11.
Statutory Accounting Capital and Surplus

The Company is required to prepare statutory financial statements in accordance with statutory accounting practices prescribed or permitted by the insurance department of the state of domicile. Statutory accounting practices primarily differ from GAAP by charging policy acquisition costs to expense as incurred and establishing future policy benefit liabilities using different actuarial assumptions, as well as valuing investments and certain assets and accounting for deferred income taxes on a different basis.

The declaration of dividends that can be paid by the Company is regulated by New York Insurance Law. The Company must file a notice of its intention to declare a dividend and the amount thereof with the Superintendent at least thirty days in advance of any proposed dividend declaration. Dividends are only payable out of earned surplus. The Company had no earned surplus at December 31, 2016 or 2015. No dividends were paid to Jackson in 2016, 2015, or 2014. No capital contributions were received in 2016, 2015, or 2014.

Statutory capital and surplus of the Company, as reported in its Annual Statement, was $475.7 million and $443.5 million at December 31, 2016 and 2015, respectively. Statutory net income of the Company, as reported in its Annual Statement, was $23.6 million, $30.7 million, and $32.7 million in 2016, 2015, and 2014, respectively.

The state of New York has prescribed a Continuous CARVM reserve basis for New York domiciled companies. This reserve basis differs from the Curtate CARVM reserve basis required by The National Association of Insurance Commissioners’ Accounting Practices and Procedures Manual (“NAIC SAP”). If the Company’s reserves were valued in accordance with NAIC SAP, statutory capital and surplus would be increased by $4.1 million and $28.2 million at December 31, 2016 and 2015, respectively, and net income would be (decreased) increased by $(24.1) million, $5.3 million and $2.6 million, in 2016, 2015 and 2014, respectively.

The NAIC has developed certain risk-based capital (“RBC”) requirements for life insurance companies. Under those requirements, compliance is determined by a ratio of a company’s total adjusted capital (“TAC”), calculated in a

36
Jackson National Life Insurance Company of New York
(a wholly owned subsidiary of Jackson National Life Insurance Company)
Notes to Financial Statements
December 31, 2016 and 2015


manner prescribed by the NAIC to its authorized control level RBC (“ACL RBC”), calculated in a manner prescribed by the NAIC. Companies below specific trigger points or ratios are classified within certain levels, each of which requires specified corrective action. The minimum level of TAC before corrective action commences is twice ACL RBC (“Company action level RBC”). At December 31, 2016 the Company’s TAC was more than 1,200% of the Company action level RBC.

12.
Other Related Party Transactions

The Company's investment portfolio is managed by PPM America, Inc. (“PPM”), a registered investment advisor and ultimately a wholly owned subsidiary of Prudential. The Company paid $1.5 million, $1.4 million, and $1.4 million to PPM for investment advisory services during 2016, 2015, and 2014.

The Company has an administrative services agreement with Jackson, under which Jackson provides certain administrative services. Administrative fees were $19.1 million, $15.1 million, and $12.9 million in 2016, 2015, and 2014, respectively.

The Company has an administrative services agreement with Jackson National Life Distributors, LLC (“JNLD”), a subsidiary of Jackson, under which JNLD provides certain marketing services. Administrative fees were $4.2 million, $4.1 million, and $4.2 million in 2016, 2015, and 2014, respectively.

As a result of the reinsurance agreement, the net payment of $905.9 million was reported as a payable to parent.

13.
Benefit Plans

The Company participates in a defined contribution retirement plan covering substantially all employees, sponsored by its Parent. To be eligible to participate in the Company’s contribution, an employee must have attained the age of 21, completed at least 1,000 hours of service in a 12-month period and passed their 12-month employment anniversary. In addition, the employees must be employed on the applicable January 1 or July 1 entry date. The Company’s annual contributions are based on a percentage of eligible compensation paid to participating employees during the year. In addition, the Company matches a participant’s elective contribution, up to 6 percent of eligible compensation, to the plan during the year. The Company’s expense related to this plan was $0.3 million in 2016, 2015, and 2014.

The Company maintains non-qualified voluntary deferred compensation plans for certain employees, sponsored by its Parent. Additionally, the Company sponsors a non-qualified voluntary deferred compensation plan for certain agents, with the assets retained by Jackson under an administrative services agreement. At December 31, 2016 and 2015, Jackson’s liability for the Company’s portion of such plans totaled $4.9 million and $4.5 million, respectively. There were no expenses related to these plans in 2016, 2015 or 2014.

14.
Reclassifications Out of Accumulated Other Comprehensive Income

The following table represents changes in the balance of AOCI, net of income tax, related to unrealized investment gains (losses) (in thousands):
 
December 31,
 
2016
 
2015
 
2014
Balance, beginning of year
$
23,442

 
$
45,789

 
$
38,636

OCI before reclassifications
(610
)
 
(20,971
)
 
9,030

Amounts reclassified from AOCI
(2,665
)
 
(1,376
)
 
(1,877
)
Balance, end of year
$
20,167

 
$
23,442

 
$
45,789



37
Jackson National Life Insurance Company of New York
(a wholly owned subsidiary of Jackson National Life Insurance Company)
Notes to Financial Statements
December 31, 2016 and 2015


The following table represents amounts reclassified out of AOCI (in thousands):
AOCI Components
 
Amounts
Reclassified from AOCI
 
Affected Line Item in the
Income Statement
 
 
December 31,
 
 
 
 
2016
 
2015
 
2014
 
 
Net unrealized investment loss:
 
 
 
 
 
 
 
 
Net realized loss on investments
 
$
(3,278
)
 
$
(1,938
)
 
$
(2,547
)
 
Other net investment losses
Other-than-temporary impairments
 
(822
)
 
(179
)
 
(341
)
 
Total other-than-temporary impairments
Net unrealized loss, before income taxes
 
(4,100
)
 
(2,117
)
 
(2,888
)
 
 
Income tax benefit
 
1,435

 
741

 
1,011

 
 
Reclassifications, net of income taxes
 
$
(2,665
)
 
$
(1,376
)
 
$
(1,877
)
 
 



38


PART C

OTHER INFORMATION


Item 24. Financial Statements and Exhibits

(a) Financial Statements:

(1) Financial statements and schedules included in Part A:

Not Applicable.

(2) Financial statements and schedules included in Part B:

JNLNY Separate Account I:

Report of Independent Registered Public Accounting Firm
Statements of Assets and Liabilities as of December 31, 2016
Statements of Operations for the period ended December 31, 2016
Statements of Changes in Net Assets for the periods ended December 31, 2016 and 2015
Notes to Financial Statements

Jackson National Life Insurance Company of New York:

Report of Independent Registered Public Accounting Firm
Consolidated Balance Sheets as of December 31, 2016 and 2015
Consolidated Income Statements for the years ended December 31, 2016, 2015, and 2014
Consolidated Statements of Stockholder's Equity and Comprehensive Income for the years ended
December 31, 2016, 2015, and 2014
Consolidated Statements of Cash Flows for the years ended December 31, 2016, 2015, and 2014
Notes to Consolidated Financial Statements

(b) Exhibits

Exhibit    Description
No.

1.
Resolution of Depositor's Board of Directors authorizing the establishment of the Registrant, incorporated herein by reference to the Registrant’s Registration Statement filed on October 3, 1997 (File Nos. 333-37175 and 811-08401).

2.
Not Applicable.

3.    

a.
Amended and Restated General Distributor Agreement dated June 1, 2006, incorporated herein by reference to the Registration Statement filed on August 10, 2006 (File Nos. 333-136472 and 811-08664).

b.
Specimen of Selling Agreement (N2565 08/12), incorporated herein by reference to Registrant’s Post-Effective Amendment No. 4, filed on April 23, 2013 (File Nos. 333-183046 and 811-08401).

c.
Specimen of Selling Agreement (N2565 06/14), incorporated herein by reference to Registrant’s Post-Effective Amendment No. 13, filed on September 11, 2014 (File Nos. 333-183046 and 811-08401).





4.

a.
Form of Individual Deferred Variable and Fixed Annuity Contract, incorporated herein by referenced to Registrant’s Registration Statement, filed on December 20, 2013 (File Nos. 333-192972 and 811-08401).

b.
Form of Individual Deferred Variable Annuity Contract, incorporated herein by referenced to Registrant’s Registration Statement, filed on December 20, 2013 (File Nos. 333-192972 and 811-08401).

c.
Form of Tax Sheltered Annuity Endorsement, incorporated herein by reference to the Registrant’s Registration Statement filed on August 19, 2004 (File Nos. 333-118370 and 811-08401).

d.
Form of Retirement Plan Endorsement, incorporated herein by reference to the Registrant’s Registration Statement filed on August 19, 2004 (File Nos. 333-118370 and 811-08401).

e.
Form of Charitable Remainder Trust Endorsement, incorporated herein by reference to the Registrant’s Pre-Effective Amendment filed on December 30, 2004 (File Nos. 333-119659 and 811-08401).

f.
Form of the Reduced Administration Charge Endorsement (7536 09/09), incorporated herein by reference to the Registrant’s Post-Effective Amendment No. 39, filed on September 24, 2009 (File Nos. 333-70384 and 811-08401).

g.
Form of Individual Retirement Annuity Endorsement (7715NY), incorporated herein by referenced to Registrant’s Registration Statement, filed on December 20, 2013 (File Nos. 333-192972 and 811-08401).

h.
Form of Roth Individual Retirement Annuity Endorsement (7716NY), incorporated herein by referenced to Registrant’s Registration Statement, filed on December 20, 2013 (File Nos. 333-192972 and 811-08401).

i.
Form of Non-Qualified Stretch Annuity Endorsement (7723NY), incorporated herein by reference to Registrant’s Post-Effective Amendment No. 9, filed on September 11, 2014 (File Nos. 333-177298 and 811-08401).

j.
Form of Individual Retirement Annuity Endorsement (7715NY), incorporated herein by reference to Registrant’s Post-Effective Amendment No. 15, filed on January 20, 2015 (File Nos. 333-183046 and 811-08401).

k.
Form of Roth Individual Retirement Annuity Endorsement (7716NY), incorporated herein by reference to Registrant’s Post-Effective Amendment No. 15, filed on January 20, 2015 (File Nos. 333-183046 and 811-08401).

l.
Form of Accumulation Provisions Endorsement (7724NY), incorporated herein by reference to Registrant’s Post-Effective Amendment No. 15, filed on January 20, 2015 (File Nos. 333-183046 and 811-08401).

m.
Form of Section 403(b) Tax Sheltered Annuity Endorsement (7725NY), incorporated herein by reference to Registrant’s Post-Effective Amendment No. 15, filed on January 20, 2015 (File Nos. 333-183046 and 811-08401).

5.    

a.
Form of Elite Access Brokerage Edition Variable and Fixed Annuity Application (NV7873 04/14), incorporated herein by reference to Registrant’s Registration Statement, filed on December 20, 2013 (File Nos. 333-192972 and 811-08401).





b.
Form of the Elite Access Brokerage Edition Individual Variable and Fixed Annuity Application (NV7873 04/14), incorporated herein by reference to Registrant’s Registration Statement, filed on April 21, 2014 (File Nos. 333-192972 and 811-08401).

c.
Form of the Elite Access Brokerage Edition Individual Variable and Fixed Annuity Application (NV7873 09/14), incorporated herein by reference to Registrant’s Post-Effective Amendment No. 1, filed on September 11, 2014 (File Nos. 333-192972 and 811-08401).

d.
Form of the Elite Access Brokerage Edition Individual Variable and Fixed Annuity Application (NV7873 04/15), incorporated herein by reference to Registrant’s Post-Effective Amendment No. 2, filed on April 20, 2015 (File Nos. 333-192972 and 811-08401).

e.
Form of the Elite Access Brokerage Edition Individual Variable and Fixed Annuity Application (NV7873 09/15), incorporated herein by reference to Registrant’s Post-Effective Amendment No. 3, filed on September 25, 2015 (File Nos. 333-192972 and 811-08401).

f.
Form of the Elite Access Brokerage Edition Individual Variable and Fixed Annuity Application (NV7873 04/16), incorporated herein by reference to Registrant’s Post-Effective Amendment No. 4, filed on April 18, 2016 (File Nos. 333-192972 and 811-08401).

g.
Form of the Elite Access Brokerage Edition Individual Variable and Fixed Annuity Application (NV7873 09/16), incorporated herein by reference to Registrant’s Post-Effective Amendment No. 5, filed on September 15, 2016 (File Nos. 333-192972 and 811-08401).

h.
Form of the Elite Access Brokerage Edition Individual Variable and Fixed Annuity Application (NV7873 04/17), attached hereto.

6.

a.
Declaration and Charter of Depositor, incorporated herein by reference to the Registrant’s Registration Statement filed on October 3, 1997 (File Nos. 333-37175 and 811-08401).

b.
By-laws of Depositor, incorporated herein by reference to the Registrant’s Registration Statement filed on October 3, 1997 (File Nos. 333-37175 and 811-08401).

c.
Amended By-Laws of Jackson National Life Insurance Company of New York, incorporated herein by reference to Registrant’s Post-Effective Amendment No. 4, filed on April 23, 2013 (File Nos. 333-183046 and 811-08401).

7.
Not Applicable.

8.
Amended and Restated Administrative Services Agreement between Jackson National Asset Management, LLC and Jackson National Life Insurance Company, incorporated herein by reference to the Post-Effective Amendment No. 4, filed on April 23, 2013 (File Nos. 333-183048 and 811-08664).

9.
Opinion and Consent of Counsel, attached hereto.

10.
Consent of Independent Registered Public Accounting Firm, attached hereto.

11.
Not Applicable.

12.
Not Applicable.





Item 25. Directors and Officers of the Depositor

Name and Principal Business Address
Positions and Offices with Depositor
 
 
R. Kevin Clinton
Director
Michigan State University
 
C337 Wells Hall
 
619 Red Cedar Road
 
East Lansing, MI 48824
 
 
 
John C. Colpean
Director
1640 Haslett Road, Suite 160
 
Haslett, MI 48840
 
 
 
Donald B. Henderson, Jr.
Director
Willkie Farr & Gallagher LLP
787 Seventh Ave., Suite 4020
 
New York, NY 10019-6099
 
 
 
James R. Sopha
President
1 Corporate Way
 
Lansing, MI 48951
 
 
 
P. Chad Myers
Executive Vice President & Chief Financial Officer
1 Corporate Way
 
Lansing, MI 48951
 
 
 
Gregory P. Cicotte
Executive Vice President, Chief Distribution Officer & Director
300 Innovation Drive
 
Franklin, TN 37067
 
 
 
Herbert G. May, III
Chief Administrative Officer & Director
75 Second Avenue
 
Suite 605
 
Needham, MA 02494
 
 
 
Andrew J. Bowden
Senior Vice President, General Counsel & Secretary
1 Corporate Way
 
Lansing, MI 48951
 
 
 
Savvas (Steve) P. Binioris
Senior Vice President
1 Corporate Way
 
Lansing, MI 48951
 
 
 
Michael A. Costello
Senior Vice President, Controller, Treasurer & Director
1 Corporate Way
 
Lansing, MI 48951
 
 
 




Julia A. Goatley
Senior Vice President
1 Corporate Way
 
Lansing, MI 48951
 
 
 
Bradley O. Harris
Senior Vice President & Chief Risk Officer
300 Innovation Drive
 
Franklin, TN 37067
 
 
 
Thomas P. Hyatte
Senior Vice President
1 Corporate Way
 
Lansing, MI 48951
 
 
 
Machelle A. McAdory
Senior Vice President & Chief Human Resource Officer
1 Corporate Way
 
Lansing, MI 48951
 
 
 
Keith R. Moore
Senior Vice President & Chief Technology Officer
1 Corporate Way
 
Lansing, MI 48951
 
 
 
Emilio Pardo
Senior Vice President & Chief Marketing and Communications Officer
300 Innovation Drive
 
Franklin, TN 37067
 
 
 
Laura L. Prieskorn
Senior Vice President
1 Corporate Way
 
Lansing, MI 48951
 
 
 
Kenneth H. Stewart
Senior Vice President
1 Corporate Way
 
Lansing, MI 48951
 
 
 
Marcia L. Wadsten
Senior Vice President, Chief Actuary & Appointed Actuary
1 Corporate Way
 
Lansing, MI 48951
 
 
 
Bonnie G. Wasgatt
Senior Vice President & Chief Information Officer
1 Corporate Way
 
Lansing, MI 48951
 
 
 
Marina C. Ashiotou
Vice President
225 W. Wacker Drive
 
Suite 1200
 
Chicago, IL 60606
 
 
 
Michele M. Binkley
Vice President
1 Corporate Way
 
Lansing, MI 48951
 
 
 




Dennis A. Blue
Vice President
1 Corporate Way
 
Lansing, MI 48951
 
 
 
Barrett M. Bonemer
Vice President
1 Corporate Way
 
Lansing, MI 48951
 
 
 
Pamela L. Bottles
Vice President
1 Corporate Way
 
Lansing, MI 48951
 
 
 
David L. Bowers
Vice President
300 Innovation Drive
 
Franklin, TN 37067
 
 
 
David A. Collins
Vice President, Deputy Chief Risk Officer & Director
1 Corporate Way
 
Lansing, MI 48951
 
 
 
Robert H. Dearman, Jr.
Vice President
1 Corporate Way
 
Lansing, MI 48951
 
 
 
William T. Devanney, Jr.
Vice President
1 Corporate Way
 
Lansing, MI 48951
 
 
 
Charles F. Field, Jr.
Vice President
300 Innovation Drive
 
Franklin, TN 37067
 
 
 
Dana R. Malesky Flegler
Vice President
1 Corporate Way
 
Lansing, MI 48951
 
 
 
Lisa I. Fox
Vice President
300 Innovation Drive
 
Franklin, TN 37067
 
 
 
Devkumar D. Ganguly
Vice President
1 Corporate Way
 
Lansing, MI 48951
 
 
 
Guillermo E. Guerra
Vice President & Corporate Information Security Officer
1 Corporate Way
 
Lansing, MI 48951
 
 
 
Robert W. Hajdu
Vice President




1 Corporate Way
 
Lansing, MI 48951
 
 
 
Laura L. Hanson
Vice President & Director
1 Corporate Way
 
Lansing, MI 48951
 
 
 
Robert L. Hill
Vice President
1 Corporate Way
 
Lansing, MI 48951
 
 
 
Julie A. Hughes
Vice President
1 Corporate Way
 
Lansing, MI 48951
 
 
 
Matthew T. Irey
Vice President
1 Corporate Way
 
Lansing, MI 48951
 
 
 
Thomas A. Janda
Vice President
1 Corporate Way
 
Lansing, MI 48951
 
 
 
Scott F. Klus
Vice President
1 Corporate Way
 
Lansing, MI 48951
 
 
 
Toni L. Klus
Vice President
1 Corporate Way
 
Lansing, MI 48951
 
 
 
Matthew F. Laker
Vice President
300 Innovation Drive
 
Franklin, TN 37067
 
 
 
Richard C. Liphardt
Vice President
1 Corporate Way
 
Lansing, MI 48951
 
 
 
Wayne R. Longcore
Vice President
1 Corporate Way
 
Lansing, MI 48951
 
 
 
Diahn M. McHenry
Vice President
1 Corporate Way
 
Lansing, MI 48951
 
 
 
Ryan T. Mellott
Vice President
1 Corporate Way
 




Lansing, MI 48951
 
 
 
Dana S. Rapier
Vice President
1 Corporate Way
 
Lansing, MI 48951
 
 
 
Stacey L. Schabel
Vice President
1 Corporate Way
 
Lansing, MI 48951
 
 
 
James A. Schultz
Vice President
1 Corporate Way
 
Lansing, MI 48951
 
 
 
William R. Schulz
Vice President
1 Corporate Way
 
Lansing, MI 48951
 
 
 
Muhammad S. Shami
Vice President
1 Corporate Way
 
Lansing, MI 48951
 
 
 
Michael D. Story
Vice President
1 Corporate Way
 
Lansing, MI 48951
 
 
 
Heather R. Strang
Vice President & Director
1 Corporate Way
 
Lansing, MI 48951
 
 
 
Marion C. Terrell II
Vice President
1 Corporate Way
 
Lansing, MI 48951
 
 
 
Brian M. Walta
Vice President
1 Corporate Way
 
Lansing, MI 48951
 

Item 26. Persons Controlled by or Under Common Control with the Depositor or Registrant.

The Registrant is a separate account of Jackson National Life Insurance Company of New York(“Depositor”), a stock life insurance company organized under the laws of the state of New York. The Depositor is a wholly owned subsidiary of Jackson National Life Insurance Company and is ultimately a wholly owned subsidiary of Prudential plc (London, England), a publicly traded life insurance company in the United Kingdom.

The organizational chart for Prudential plc indicates those persons who are controlled by or under common control with the Depositor. No person is controlled by the Registrant.

The organizational chart for Prudential plc is incorporated herein by reference to Exhibit 26 of Post-Effective Amendment No. 10, filed on April 18, 2017 (File Nos. 333-183050 and 811-08664).





Item 27. Number of Contract Owners as of February 28, 2017

Elite Access Brokerage Edition Contracts:

Qualified - 31
Non-Qualified - 233

Item 28. Indemnification

Provision is made in the Company's By-Laws for indemnification by the Company of any person made or threatened to be made a party to an action or proceeding, whether civil or criminal by reason of the fact that he or she is or was a director, officer or employee of the Company or then serves or has served any other corporation in any capacity at the request of the Company, against expenses, judgments, fines and amounts paid in settlement to the full extent that officers and directors are permitted to be indemnified by the laws of the State of New York.

Insofar as indemnification for liabilities arising under the Securities Act of 1933 ("Act") may be permitted to directors, officers and controlling persons of the Company pursuant to the foregoing provisions, or otherwise, the Company has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against liabilities (other than the payment by the Company of expenses incurred or paid by a director, officer or controlling person of the Company in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Company will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.

Item 29. Principal Underwriter

(a)
Jackson National Life Distributors LLC acts as general distributor for the JNLNY Separate Account I. Jackson National Life Distributors LLC also acts as general distributor for the Jackson National Separate Account - I, the Jackson National Separate Account III, the Jackson National Separate Account IV, the Jackson National Separate Account V, the JNLNY Separate Account II, the JNLNY Separate Account IV, the Jackson Sage Variable Annuity Account A, the Jackson Sage Variable Life Account A, the Jackson SWL Variable Annuity Fund I, the JNL Series Trust, JNL Variable Fund LLC, JNL Investors Series Trust, and Jackson Variable Series Trust.

(b)    Directors and Officers of Jackson National Life Distributors LLC:

Name and Business Address
Positions and Offices with Underwriter
 
 
James R. Sopha
Chairman & Manager
1 Corporate Way
 
Lansing, MI 48951
 
 
 
Steve P. Binioris
Manager
1 Corporate Way
 
Lansing, MI 48951
 
 
 
Bradley O. Harris
Manager
300 Innovation Drive
 
Franklin, TN 37067
 
 
 
Emilio Pardo
Manager




300 Innovation Drive
 
Franklin, TN 37067
 
 
 
Heather R. Strang
Manager
1 Corporate Way
 
Lansing, MI 48951
 
 
 
Gregory P. Cicotte
President, Chief Executive Officer & Manager
300 Innovation Drive
 
Franklin, TN 37067
 
 
 
Scott Golde
General Counsel
1 Corporate Way
 
Lansing, MI 48951
 
 
 
Maura Collins
Executive Vice President, Chief Financial Officer & FinOp
7601 Technology Way
 
Denver, CO 80237
 
 
 
John Poulsen
Executive Vice President, Sales Strategy
300 Innovation Drive
 
Franklin, TN 37067
 
 
 
Alison Reed
Executive Vice President, Operations
7601 Technology Way
 
Denver, CO 80237
 
 
 
Marc Socol
Executive Vice President, National Sales Manager
7601 Technology Way
 
Denver, CO 80237
 
 
 
Tori Bullen
Senior Vice President
7601 Technology Way
 
Denver, CO 80237
 
 
 
Elizabeth Griffith
Senior Vice President
300 Innovation Drive
 
Franklin, TN 37067
 
 
 
Thomas Hurley
Senior Vice President
7601 Technology Way
 
Denver, CO 80237
 
 
 
Doug Mantelli
Senior Vice President
7601 Technology Way
 
Denver, CO 80237
 
 
 
Timothy McDowell
Senior Vice President & Chief Compliance Officer
7601 Technology Way
 




Denver, CO 80237
 
 
 
Daniel Starishevsky
Senior Vice President
7601 Technology Way
 
Denver, CO 80237
 
 
 
Brian Sward
Senior Vice President
7601 Technology Way
 
Denver, CO 80237
 
 
 
Robin Tallman
Vice President & Controller
7601 Technology Way
 
Denver, CO 80237
 
 
 
Stephen M. Ash
Vice President
7601 Technology Way
 
Denver, CO 80237
 
 
 
Jeffrey Bain
Vice President
7601 Technology Way
 
Denver, CO 80237
 
 
 
Brad Baker
Vice President
7601 Technology Way
 
Denver, CO 80237
 
 
 
Erin Balcaitis
Vice President
7601 Technology Way
 
Denver, CO 80237
 
 
 
Richard Catts
Vice President
7601 Technology Way
 
Denver, CO 80237
 
 
 
Court Chynces
Vice President
7601 Technology Way
 
Denver, CO 80237
 
 
 
Christopher Cord
Vice President
7601 Technology Way
 
Denver, CO 80237
 
 
 
Justin Fitzpatrick
Vice President
7601 Technology Way
 
Denver, CO 80237
 
 
 
Mark Godfrey
Vice President
7601 Technology Way
 
Denver, CO 80237
 




 
 
Ashley Golson
Vice President
300 Innovation Drive
 
Franklin, TN 37067
 
 
 
Luis Gomez
Vice President
7601 Technology Way
 
Denver, CO 80237
 
 
 
Kelli Hill
Vice President
7601 Technology Way
 
Denver, CO 80237
 
 
 
Mark Jones
Vice President
7601 Technology Way
 
Denver, CO 80237
 
 
 
Tamu McCreary
Vice President
7601 Technology Way
 
Denver, CO 80237
 
 
 
Jennifer Meyer
Vice President
7601 Technology Way
 
Denver, CO 80237
 
 
 
Peter Meyers
Vice President
7601 Technology Way
 
Denver, CO 80237
 
 
 
Steven O’Connor
Vice President
7601 Technology Way
 
Denver, CO 80237
 
 
 
Allison Pearson
Vice President
7601 Technology Way
 
Denver, CO 80237
 
 
 
Jeremy D. Rafferty
Vice President
7601 Technology Way
 
Denver, CO 80237
 
 
 
Marilynn Scherer
Vice President
7601 Technology Way
 
Denver, CO 80237
 
 
 
Melissa Sommer
Vice President
7601 Technology Way
 
Denver, CO 80237
 
 
 




Ryan Strauser
Vice President
7601 Technology Way
 
Denver, VO 80237
 
 
 
Jeremy Swartz
Vice President
7601 Technology Way
 
Denver, CO 80237
 
 
 
Brad Whiting
Vice President
7601 Technology Way
 
Denver, CO 80237
 
 
 
Phil Wright
Vice President
7601 Technology Way
 
Denver, CO 80237
 
 
 
Kristan L. Richardson
Secretary
1 Corporate Way
 
Lansing, MI 48951
 

(c)

Name of Principal Underwriter
Net Underwriting Discounts and Commissions
Compensation on Redemption
Brokerage Commissions
Compensation
Jackson National Life Distributors LLC
Not Applicable
Not Applicable
Not Applicable
Not Applicable

Item 30. Location of Accounts and Records

Jackson National Life Insurance Company
1 Corporate Way
Lansing, Michigan 48951

Jackson National Life Insurance Company
Institutional Marketing Group Service Center
1 Corporate Way
Lansing, Michigan 48951

Jackson National Life Insurance Company
7601 Technology Way
Denver, Colorado 80237

Jackson National Life Insurance Company
225 West Wacker Drive, Suite 1200
Chicago, IL 60606

Item 31. Management Services

Not Applicable.





Item 32. Undertakings and Representations

a)
Jackson National Life Insurance Company of New York hereby undertakes to file a post-effective amendment to this registration statement as frequently as is necessary to ensure that the audited financial statements in the registration statement are never more than sixteen (16) months old for so long as payment under the variable annuity contracts may be accepted.

b)
Jackson National Life Insurance Company of New York hereby undertakes to include either (1) as part of any application to purchase a contract offered by the Prospectus, a space that an applicant can check to request a Statement of Additional Information, or (2) a postcard or similar written communication affixed to or included in the Prospectus that the applicant can remove to send for a Statement of Additional Information.

c)
Jackson National Life Insurance Company of New York hereby undertakes to deliver any Statement of Additional Information and any financial statement required to be made available under this Form promptly upon written or oral request.

d)
Jackson National Life Insurance Company of New York represents that the fees and charges deducted under the contract, in the aggregate, are reasonable in relation to the services rendered, the expenses to be incurred, and the risks assumed by Jackson National Life Insurance Company of New York.

e)
The Registrant hereby represents that any contract offered by the prospectus and which is issued pursuant to Section 403(b) of the Internal Revenue Code of 1986 as amended, is issued by the Registrant in reliance upon, and in compliance with, the Securities and Exchange Commission's industry-wide no-action letter to the American Council of Life Insurance (publicly available November 28, 1988) which permits withdrawal restrictions to the extent necessary to comply with IRS Section 403(b)(11).






SIGNATURES

As required by the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets the requirements of Securities Act Rule 485(b) for effectiveness of this post-effective amendment to the Registration Statement and has caused this post-effective amendment to the Registration Statement to be signed on its behalf, in the City of Lansing, and State of Michigan, on this 18th day of April, 2017.

JNLNY Separate Account I
(Registrant)

Jackson National Life Insurance Company of New York


By: /s/ ANDREW J. BOWDEN    
Andrew J. Bowden
Senior Vice President, General Counsel
and Secretary

Jackson National Life Insurance Company of New York
(Depositor)


By: /s/ ANDREW J. BOWDEN    
Andrew J. Bowden
Senior Vice President, General Counsel
and Secretary

As required by the Securities Act of 1933, this post-effective amendment to the Registration Statement has been signed by the following persons in the capacities and on the dates indicated.


*
 
April 18, 2017
James R. Sopha, President
 
 
 
 
 
 
 
 
*
 
April 18, 2017
P. Chad Myers, Executive Vice President
and Chief Financial Officer
 
 
 
 
 
 
 
 
*
 
April 18, 2017
Michael A. Costello, Senior Vice President, Controller, Treasurer and Director
 
 
 
 
 
 
 
 
*
 
April 18, 2017
Gregory P. Cicotte, Executive Vice President,
Chief Distribution Officer and Director
 
 
 
 
 
 
 
 
*
 
April 18, 2017
David A. Collins, Vice President, Deputy
Chief Risk Officer and Director
 
 




 
 
 
 
 
 
*
 
April 18, 2017
Laura L. Hanson, Vice President and Director
 
 
 
 
 
 
 
 
*
 
April 18, 2017
Herbert G. May, III, Chief Administrative Officer and Director
 
 
 
 
 
 
 
 
*
 
April 18, 2017
Heather R. Strang, Vice President and Director
 
 
 
 
 
 
 
 
*
 
April 18, 2017
R. Kevin Clinton, Director
 
 
 
 
 
 
 
 
*
 
April 18, 2017
John C. Colpean, Director
 
 
 
 
 
 
 
 
*
 
April 18, 2017
Donald B. Henderson, Jr., Director
 
 




* By: /s/ ANDREW J. BOWDEN    
Andrew J. Bowden, as Attorney-in-Fact,
pursuant to Power of Attorney filed herewith.







POWER OF ATTORNEY

KNOW ALL PERSONS BY THESE PRESENTS, that each of the undersigned as directors and/or officers of JACKSON NATIONAL LIFE INSURANCE COMPANY OF NEW YORK (the “Depositor”), a New York corporation, hereby appoint James R. Sopha, P. Chad Myers, Andrew J. Bowden, Susan S. Rhee and Frank J. Julian (each with power to act without the others) his/her attorney-in-fact and agent, with full power of substitution and resubstitution, for and in his/her name, place and stead, in any and all capacities, to sign applications and registration statements, and any and all amendments, with power to affix the corporate seal and to attest it, and to file the applications, registration statements, and amendments, with all exhibits and requirements, in accordance with the Securities Act of 1933, the Securities and Exchange Act of 1934, and/or the Investment Company Act of 1940. This Power of Attorney concerns JNLNY Separate Account I (File Nos. 333-37175, 333-48822, 333-70384, 333-81266, 333-118370, 333-119659, 333-137485, 333-163323, 333-172873, 333-175720, 333-175721, 333-177298, 333-183046, 333-183047, 333-192972, 333-210507, and 333-212425), JNLNY Separate Account II (File No. 333-86933), and JNLNY Separate Account IV (File Nos. 333-109762 and 333-118132), as well as any future separate account(s) and/or future file number(s) within any separate account(s) that the Depositor establishes through which securities, particularly variable annuity contracts and variable universal life insurance policies, are to be offered for sale. The undersigned grant to each attorney-in-fact and agent full authority to take all necessary actions to effectuate the above as fully, to all intents and purposes, as he/she could do in person, thereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, may lawfully do or cause to be done by virtue hereof. This instrument may be executed in one or more counterparts.

IN WITNESS WHEREOF, the undersigned have executed this Power of Attorney effective as of the 31st day of March, 2017.

/s/ JAMES R. SOPHA
James R. Sopha, President
/s/ P. CHAD MYERS
P. Chad Myers, Executive Vice President and
Chief Financial Officer
/s/ MICHAEL A. COSTELLO
Michael A. Costello, Senior Vice President, Controller,
Treasurer and Director
/s/ GREGORY P. CICOTTE
Gregory P. Cicotte, Executive Vice President,
Chief Distribution Officer and Director
/s/ DAVID A. COLLINS
David A. Collins, Vice President,
Deputy Chief Risk Officer and Director
/s/ LAURA L. HANSON
Laura L. Hanson, Vice President and Director
/s/ HERBERT G. MAY, III
Herbert G. May, III, Chief Administrative Officer
and Director
/s/ HEATHER R. STRANG
Heather R. Strang, Vice President and Director
/s/ R. KEVIN CLINTON
R. Kevin Clinton, Director




/s/ JOHN C. COLPEAN
John C. Colpean, Director
/s/ DONALD B. HENDERSON, JR.
Donald B. Henderson, Jr., Director







EXHIBIT LIST

Exhibit No.
Description


5h.
Form of the Elite Access Brokerage Edition Individual Variable and Fixed Annuity Application (NV7873 04/17).

9.
Opinion and Consent of Counsel.

10.
Consent of Independent Registered Public Accounting Firm.



Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘485BPOS’ Filing    Date    Other Filings
12/15/20
2/28/19
2/27/19
1/15/19
1/14/19
12/15/18
2/28/18
1/15/18
12/15/17
Effective on:4/24/17485BPOS
Filed on:4/18/17485BPOS
3/21/17
3/20/17
2/28/17
12/31/1624F-2NT,  NSAR-U
12/15/16
9/19/16485BPOS
9/15/16485BPOS
4/25/16485BPOS
4/24/16
4/22/16485BPOS
4/18/16485BPOS
1/1/16
12/31/1524F-2NT,  NSAR-U
9/28/15485BPOS,  497
9/25/15485BPOS
4/27/15485BPOS,  497
4/20/15485BPOS
1/20/15485APOS
1/1/15
12/31/1424F-2NT,  NSAR-U
9/15/14485BPOS,  497
9/11/14485BPOS
4/28/14485BPOS,  497
4/21/14485BPOS,  N-4/A
12/31/1324F-2NT,  NSAR-U
12/20/13N-4
9/16/13485BPOS
4/29/13485BPOS
4/23/13485APOS,  485BPOS
12/31/1224F-2NT,  NSAR-U
9/10/12485BPOS
4/30/12485BPOS
2/6/12
9/24/09485BPOS
8/10/06
6/1/06
12/30/04N-4/A
8/19/04N-4
11/27/98
10/3/97N-4 EL,  N-8A
9/12/97
 List all Filings 

4 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/25/24  Jnlny Separate Account I          485BPOS     4/29/24    3:1.9M
 4/27/23  Jnlny Separate Account I          485BPOS     5/01/23    3:1.8M
 4/21/22  Jnlny Separate Account I          485BPOS     4/25/22    3:1.9M
 4/21/21  Jnlny Separate Account I          485BPOS     4/26/21    3:5.1M
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