JNL/S&P Managed Conservative Fund
Data updated: 2026-08-26
C000004659 — JNL/S&P Managed Conservative Fund. United States Multi-Cap / All-Cap Blend / Core Equity. Holdings, fees, performance and SEC filings.
C000004659 Fund Overview
JNL/S&P Managed Conservative Fund is a US mutual fund managed by JNL Series Trust, categorised as United States Multi-Cap / All-Cap 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 Multi-Cap / All-Cap Blend / Core Equity
- Assets under management: $611.52M
- 1-year return: 6.6%
- SEC CIK: 0000933691
- SEC series ID: S000001752
- Share class ID: C000004659
C000004659 Investment Objective and Strategy
JNL/S&P Managed Conservative 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 is to seek current income.
Principal investment strategy
The Fund seeks to achieve its objective by investing in Class I shares of a diversified group of other Funds (Underlying Funds). The Underlying Funds in which the Fund may invest are the Jackson Credit Opportunities Fund, the Jackson Real Assets Fund, and certain Funds that are part of the JNL Series Trust. Not all Funds of the JNL Series Trust are available as Underlying Funds. Please refer to the statutory prospectus for a list of available Underlying Funds. Under normal circumstances, the Fund allocates approximately 10% to 30% of its assets to Underlying Funds that invest primarily in equity securities, 70% to 90% to Underlying Funds that invest primarily in fixed-income securities, 0% to 30% to Underlying Funds that invest primarily in money market securities, and 0% to 20% of its assets to Underlying Funds that invest primarily in alternative assets and employ alternative strategies.
The Fund allocates its assets among Underlying Funds categorized by the Adviser into the following investment categories: ? Allocation ? Alternative ? Fixed Income ? International/Global Equity ? Sector Equity ? U.S. Equity The Fund considers the Underlying Funds in the Fixed-Income investment category to be funds that invest primarily in fixed-income securities, and the Underlying Funds in the International/Global Equity, Sector Equity, and U.S. Equity investment categories to be funds that invest primarily in equity securities. The Underlying Funds in the Allocation investment category include funds that can invest in a variety of asset classes in various proportions, may take measures to manage risk and/or adapt to prevailing market conditions and may have significant exposure to both fixed-income and equity securities.
To the extent the Fund invests in one of these Underlying Funds, the Funds exposure to fixed-income securities and equity securities will be allocated according to the Underlying Funds relative exposure to these asset classes. The Fund considers the Underlying Funds in the Alternative investment category to be funds that invest primarily in alternative assets and employ alternative strategies. Two Underlying Funds, the Jackson Credit Opportunities Fund and the Jackson Real Assets Fund, each operate as an interval fund pursuant to Rule 23c-3 under the Investment Company Act of 1940, as amended (the 1940 Act). In determining allocations to any particular Underlying Fund, the Funds investment adviser considers, among other things, long-term market and economic conditions, historical performance of each Underlying Fund, and expected long-term performance of each Underlying Fund, as well as diversification to control overall portfolio risk exposure.
Jackson National Asset Management, LLC (JNAM or Adviser) is responsible for managing the investment of portfolio assets solely according to the asset allocation instructions provided by J.P. Morgan Investment Management, Inc. (JPMorgan), the Funds sub-adviser (Sub-Adviser). The Adviser determines the corresponding weights and executes transactions in the Underlying Funds. The Funds allocations are rebalanced periodically by the Sub-Adviser. The Adviser may change the Underlying Funds in which the Fund invests from time to time at its discretion without notice or shareholder approval. Therefore, the Fund may invest in Underlying Funds that are not listed in the statutory prospectus. The Fund does not take direct positions in derivatives, asset-backed securities, mortgage-backed securities or junk bonds.
Through the implementation of the Funds asset allocation model, the Fund may seek exposure to derivatives, asset-backed securities, mortgage-backed securities or junk bonds by purchasing shares of funds that may have direct or indirect exposure to these asset classes. Consequently, the risks to the Fund are limited to the risks associated with investing in funds that have investments in these asset classes. The principal risks to investing in the Fund, including those that may arise from indirect exposure to derivatives, asset-backed securities, mortgage-backed securities or junk bonds are detailed in the Principal Risks of Investing and Glossary of Risks sections of the Funds prospectus.
C000004659 Holdings
Top 10 holdings of JNL/S&P Managed Conservative Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| JNL/DoubleLine Total Return Fund | 9.19% |
| JNL/PPM America Total Return Fund | 8.72% |
| JNL/DoubleLine Core Fixed Income Fund | 8.69% |
| JNL/JPMorgan U.S. Government & Quality Bond Fund | 8.47% |
| JNL/Fidelity Institutional AM Total Bond Fund | 7.78% |
| JNL/PIMCO Income Fund | 6.85% |
| JNL/PIMCO Real Return Fund | 4.86% |
| JNL Multi-Manager Alternative Fund | 4.65% |
| JNL/PIMCO Investment Grade Credit Bond Fund | 4.37% |
| JNL/Neuberger Berman Strategic Income Fund | 4.14% |
C000004659 Portfolio Allocation
Asset-class allocation of JNL/S&P Managed Conservative Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 100.1% |
C000004659 Performance
Total returns for C000004659 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 2.7% |
| 1 year | 6.6% |
| 3 years (annualised) | 7.0% |
| 5 years (annualised) | 1.9% |
C000004659 Risk Information
Risk metrics for C000004659, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.5%
C000004659 Costs and Fees
C000004659 costs about $116 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.16%
- Gross expense ratio: 1.16%
- Portfolio turnover: 12%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000004659 Cashflows
Over the 12 months to 2026-06, JNL/S&P Managed Conservative Fund had net outflows of $114.53M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$7.56M |
| 2026-05 | −$6.38M |
| 2026-04 | $1.72M |
| 2026-03 | −$9.66M |
| 2026-02 | −$11.92M |
| 2026-01 | −$10.92M |
C000004659 Debt Constituents
No individual debt constituents are reported in JNL/S&P Managed Conservative Fund's latest SEC N-PORT filing.
C000004659 Prospectus and SEC Filings
Official JNL/S&P Managed Conservative 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 2024-10-17
- 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 Multi-Cap / All-Cap 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.