JNL/BlackRock Global Natural Resources Fund
Data updated: 2026-08-26
C000039480 — JNL/BlackRock Global Natural Resources Fund. Holdings, fees, performance and SEC filings.
C000039480 Fund Overview
JNL/BlackRock Global Natural Resources Fund is a US mutual fund managed by JNL Series Trust, categorised as Global (incl. US) Mid Cap Blend / Core Materials 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: Global (incl. US) Mid Cap Blend / Core Materials Equity
- Assets under management: $703.27M
- 1-year return: 27.0%
- SEC CIK: 0000933691
- SEC series ID: S000014502
- Share class ID: C000039480
C000039480 Investment Objective and Strategy
JNL/BlackRock Global Natural Resources 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 long-term capital growth.
Principal investment strategy
The Fund seeks to achieve its investment objective 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 (net assets plus the amount of any borrowings for investment purposes) in companies with substantial natural resource assets or in securities the value of which is related to the market value of some natural resource assets. Equity securities include common stock, preferred stock, securities convertible into common stock, rights to subscribe for common stock, and derivative securities or instruments, such as options, the value of which is based on a common stock or group of common stocks. Generally, a company has substantial natural resource assets when at least 50% of the non-current assets, capitalization, gross revenues or operating profits of the company in the most recent or current fiscal year are involved in or result from (directly or indirectly through subsidiaries), oil, gas, exploring, mining, extracting, refining, processing, transporting, fabricating, dealing in or owning natural resource assets.
Examples of natural resource assets include precious metals (e.g., gold, silver and platinum), ferrous and nonferrous metals (e.g., iron, aluminum and copper), strategic metals (e.g., uranium and titanium), water, hydrocarbons (e.g., coal, oil and natural gas), timber land, underdeveloped real property and agricultural products (e.g., fertilizers and agricultural chemicals). The Fund normally invests in a portfolio consisting of companies in a variety of natural resource related sectors, such as energy, chemicals, oil, gas, paper, mining, steel or agricultural products. Under certain circumstances, however, the Fund will concentrate its investments in one or more of these sectors. Generally, the Fund may invest in the securities of corporate and governmental issuers located anywhere in the world in both developed and emerging markets (but in no fewer than three countries).
In addition, the Fund will concentrate its investments in one or more issuers in the natural resources related industries. The Fund focuses on investments in companies that provide exposure to commodities where BlackRock International Limited, the Funds sub-adviser, sees attractive supply-and-demand dynamics. The Fund will normally invest in both U.S. and non-U.S. companies, including companies located in emerging markets, and in securities denominated in both U.S. dollars and foreign currencies. The Fund may invest in securities of issuers with any market capitalization. There are no geographic limits on the Funds investments. The Fund may use derivatives to hedge its investment portfolio against market, interest rate and currency risks or to seek to enhance its return. The derivatives that the Fund may use include indexed and inverse securities, options, futures, swaps and forward foreign exchange transactions.
The Fund is classified as a non-diversified fund, as defined in the Investment Company Act of 1940, as amended (the 1940 Act), which means that it may invest more of its assets in fewer issuers than diversified mutual funds.
C000039480 Holdings
Top 10 holdings of JNL/BlackRock Global Natural Resources Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Shell PLC | 7.80% |
| Exxon Mobil Corporation | 7.45% |
| Jackson National Asset Management, LLC | 5.50% |
| Wheaton Precious Metals Corp. | 5.38% |
| Chevron Corporation | 5.31% |
| Glencore PLC | 4.50% |
| Nutrien Ltd. | 4.49% |
| Anglo American PLC | 4.42% |
| Corteva, Inc. | 4.12% |
| Suncor Energy Inc. | 3.48% |
C000039480 Portfolio Allocation
Asset-class allocation of JNL/BlackRock Global Natural Resources Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.1% |
| Cash & Equivalents | 7.3% |
C000039480 Performance
Total returns for C000039480 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 7.9% |
| 1 year | 27.0% |
| 3 years (annualised) | 11.8% |
| 5 years (annualised) | 10.8% |
C000039480 Risk Information
Risk metrics for C000039480, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 18.8%
C000039480 Costs and Fees
C000039480 costs about $100 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.00%
- Gross expense ratio: 1.00%
- Portfolio turnover: 94%
- Brokerage commissions: 6.36 bps of average net assets (SEC N-CEN)
C000039480 Cashflows
Over the 12 months to 2026-06, JNL/BlackRock Global Natural Resources Fund had net outflows of $202.81M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$18.80M |
| 2026-05 | −$14.75M |
| 2026-04 | −$19.91M |
| 2026-03 | −$15.42M |
| 2026-02 | −$18.69M |
| 2026-01 | −$19.37M |
C000039480 Debt Constituents
No individual debt constituents are reported in JNL/BlackRock Global Natural Resources Fund's latest SEC N-PORT filing.
C000039480 Prospectus and SEC Filings
Official JNL/BlackRock Global Natural Resources 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 Global (incl. US) Mid Cap Blend / Core Materials 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.