JNL/Mellon Capital Bond Index Fund
Data updated: 2026-08-26
C000004638 — JNL/Mellon Capital Bond Index Fund. United States Blend / Core Equity · $1.01B AUM. Holdings, fees, performance and SEC filings.
C000004638 Fund Overview
JNL/Mellon Capital Bond Index Fund is a US mutual fund managed by JNL Series Trust, categorised as United States Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: JNL Series Trust
- Category: United States Blend / Core Equity
- Assets under management: $1.01B
- 1-year return: 3.2%
- SEC CIK: 0000933691
- SEC series ID: S000001731
- Share class ID: C000004638
C000004638 Investment Objective and Strategy
JNL/Mellon Capital Bond Index Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by JNL Series Trust.
Investment objective
The investment objective of the Fund (Fund or Feeder Fund) is to track the performance of the Bloomberg U.S. Aggregate Index to provide a moderate rate of income by investing in domestic fixed-income investments through exclusive investment in shares of the JNL Bond Index Fund (Master Fund).
Principal investment strategy
The Fund operates as a feeder fund and seeks to achieve its goal by investing all of its assets in Class I shares of the Master Fund. The Master Fund invests under normal circumstances at least 80% of its assets (net assets plus the amount of any borrowings for investment purposes) in fixed-income securities that seek to track the performance and characteristics of the Bloomberg U.S. Aggregate Index (Index) that Mellon Investments Corporation (Mellon or Master Funds Sub-Adviser) believes to be important, such as Option Adjusted Duration, Maturity, Average Quality Rating, Sector/Industries, and Yield to worst. The Index includes Treasuries, government-related credit, mortgage-backed securities (agency fixed-rate pass-throughs), asset-backed securities and commercial mortgage backed securities (agency and non-agency).
Research and experience indicate that it is impractical to attempt to fully replicate most broad fixed-income securities market indices. The Index includes thousands of issues, many of which may be illiquid and unavailable in the secondary markets. Additionally, reinvestment of cash flows would be costly in a full replication environment, as it would entail trading many issues in uneven amounts. Given these difficulties, the Master Funds Sub-Adviser utilizes a representative sampling approach that combines analysis and the experience and judgment of its investment professionals. Through the representative sampling approach, the Master Funds Sub-Adviser selects what it believes is a representative basket of securities in order to match the important risk characteristics of the Index. Given this fixed income index cannot be fully replicated, the Master fund uses a representative sampling approach to select bonds that match the important risk characteristics of the Index.
The Master Funds holdings are rebalanced on a monthly basis to reflect changes in the composition of the Index. The Master Fund employs a passive investment approach, called indexing, which attempts to replicate the investment performance of the Index through representative sampling. The Master Fund does not employ traditional methods of active investment management, such as actively buying and selling bonds based upon interest rate bets or sector rotation. Indexing may offer a cost-effective approach to gaining diversified market exposure over the long-term.
C000004638 Holdings
Top 1 holdings of JNL/Mellon Capital Bond Index Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| JNL Bond Index Fund | 99.97% |
C000004638 Portfolio Allocation
Asset-class allocation of JNL/Mellon Capital Bond Index Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 100.0% |
C000004638 Performance
Total returns for C000004638 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 0.3% |
| 1 year | 3.2% |
| 3 years (annualised) | 3.5% |
| 5 years (annualised) | -0.5% |
C000004638 Risk Information
Risk metrics for C000004638, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 3.0%
C000004638 Costs and Fees
C000004638 costs about $58 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.58%
- Gross expense ratio: 0.78%
- Portfolio turnover: 88%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000004638 Cashflows
Over the 12 months to 2026-06, JNL/Mellon Capital Bond Index Fund had net outflows of $22.44M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $2.18M |
| 2026-05 | −$405.41K |
| 2026-04 | −$4.14M |
| 2026-03 | −$13.20M |
| 2026-02 | −$2.74M |
| 2026-01 | −$1.30M |
C000004638 Debt Constituents
No individual debt constituents are reported in JNL/Mellon Capital Bond Index Fund's latest SEC N-PORT filing.
C000004638 Prospectus and SEC Filings
Official JNL/Mellon Capital Bond Index Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-23
- Prospectus (485BPOS) — filed 2025-04-24
- Prospectus (485BPOS) — filed 2024-04-26
- Portfolio holdings (N-PORT) — filed 2026-08-26
- Portfolio holdings (N-PORT) — filed 2026-05-28
- Portfolio holdings (N-PORT) — filed 2026-02-25
- Annual census (N-CEN) — filed 2026-03-12
- Annual census (N-CEN) — filed 2025-03-14
Related Funds
Other United States Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.