JNL/T. Rowe Price Short-Term Bond Fund
Data updated: 2026-08-26
C000029598 — JNL/T. Rowe Price Short-Term Bond Fund. Intermediate Total / Aggregate Bond · $1.03B AUM. Holdings, fees, performance and SEC filings.
C000029598 Fund Overview
JNL/T. Rowe Price Short-Term Bond Fund is a US mutual fund managed by JNL Series Trust, categorised as Intermediate Total / Aggregate Bond. 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: Intermediate Total / Aggregate Bond
- Assets under management: $1.03B
- 1-year return: 3.3%
- SEC CIK: 0000933691
- SEC series ID: S000010707
- Share class ID: C000029598
C000029598 Investment Objective and Strategy
JNL/T. Rowe Price Short-Term Bond 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 a high level of income consistent with minimal fluctuation in principal value and liquidity.
Principal investment strategy
"The Fund will invest in a diversified portfolio of short- and intermediate-term investment-grade corporate, government, and asset- and mortgage-backed securities. The Fund may also invest in money market securities, bank obligations, collateralized mortgage obligations, and foreign securities, including securities of issuers in emerging markets. Normally, the Fund will invest at least 80% of its assets (net assets plus the amount of any borrowings for investment purposes) in bonds. The Funds average effective maturity will normally not exceed three (3) years. The Fund will only purchase securities that are rated within one of the four highest credit rating 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 by T.
Rowe Price Associates, Inc. (Sub-Adviser) to be of comparable quality. The Fund may continue to hold a security that has been downgraded or loses its investment grade rating after purchase. Within this broad structure, investment decisions generally reflect the Sub-Advisers outlook for interest rates and the economy as well as the prices, yields and credit quality of the various securities. For example, if the Sub-Adviser expects interest rates to fall, it may purchase longer-term securities (within the framework of the Funds investment program) in an attempt to seek higher yields and/or capital appreciation. Conversely, if the Sub-Adviser expects interest rates to rise, the Fund may seek securities with shorter maturities. In addition, the Fund uses interest rate futures and interest rate futures options.
Interest rate futures and interest rate future options are typically used in an effort to manage its exposure to changes in interest rates or to adjust portfolio duration. Additionally, the fund uses mortgage-backed securities on a delayed delivery or forward commitment basis through the ""to-be-announced"" (TBA) market as a means of adjusting the fund's duration and gaining exposure to investment-grade bonds. The Fund may invest in or sell other futures, including commodity futures."
C000029598 Holdings
Top 10 holdings of JNL/T. Rowe Price Short-Term Bond Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Treasury, United States Department of | 8.12% |
| Treasury, United States Department of | 5.65% |
| Treasury, United States Department of | 2.51% |
| Treasury, United States Department of | 2.33% |
| T. Rowe Price Government Reserve Fund | 1.36% |
| Treasury, United States Department of | 1.08% |
| Mozart Debt Merger Sub Inc. | 0.52% |
| Federal National Mortgage Association, Inc. | 0.50% |
| Federal Home Loan Mortgage Corporation | 0.47% |
| Federal National Mortgage Association, Inc. | 0.45% |
C000029598 Portfolio Allocation
Asset-class allocation of JNL/T. Rowe Price Short-Term Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 56.5% |
| Securitized | 39.8% |
| Cash & Equivalents | 3.6% |
C000029598 Performance
Total returns for C000029598 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 0.9% |
| 1 year | 3.3% |
| 3 years (annualised) | 4.9% |
| 5 years (annualised) | 2.0% |
C000029598 Risk Information
Risk metrics for C000029598, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 1.2%
C000029598 Costs and Fees
C000029598 costs about $72 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.72%
- Gross expense ratio: 0.72%
- Portfolio turnover: 103%
- Brokerage commissions: 0.34 bps of average net assets (SEC N-CEN)
C000029598 Cashflows
Over the 12 months to 2026-06, JNL/T. Rowe Price Short-Term Bond Fund had net outflows of $102.95M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$6.74M |
| 2026-05 | −$8.43M |
| 2026-04 | $1.73M |
| 2026-03 | −$12.48M |
| 2026-02 | −$19.00M |
| 2026-01 | −$17.31M |
C000029598 Debt Constituents
Largest debt holdings of JNL/T. Rowe Price Short-Term Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Treasury, United States Department of | 8.12% |
| Treasury, United States Department of | 5.65% |
| Treasury, United States Department of | 2.51% |
| Treasury, United States Department of | 2.33% |
| Treasury, United States Department of | 1.08% |
| Mozart Debt Merger Sub Inc. | 0.52% |
| Wells Fargo & Company | 0.43% |
| Salesforce, Inc. | 0.35% |
| O'Reilly Automotive, Inc. | 0.33% |
| Gartner, Inc. | 0.32% |
C000029598 Prospectus and SEC Filings
Official JNL/T. Rowe Price Short-Term Bond 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 Intermediate Total / Aggregate Bond 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.