JNL Growth Allocation Fund
Data updated: 2026-08-26
C000039496 — JNL Growth Allocation Fund. United States Multi-Cap / All-Cap Blend / Core Equity · $2.79B AUM. Holdings, fees, performance and SEC filings.
C000039496 Fund Overview
JNL Growth Allocation 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: $2.79B
- 1-year return: 13.9%
- SEC CIK: 0000933691
- SEC series ID: S000014518
- Share class ID: C000039496
C000039496 Investment Objective and Strategy
JNL Growth Allocation 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 capital growth and 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 60% to 100% of its assets to Underlying Funds that invest primarily in equity securities, 0% to 40% to Underlying Funds that invest primarily in fixed-income securities, 0% to 20% of its assets 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 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). Some of the Underlying Funds, particularly those classified as Fixed Income Strategies, may hold a significant amount of asset-backed securities, mortgage-backed securities, derivatives, and/or junk bonds in order to execute their investment strategy.
In determining allocations to any particular Underlying Fund, the Funds 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. Some of the Underlying Funds may invest in securities issued by companies located in countries outside the United States, including a range of developing and emerging market countries. An emerging market country is a country that, at the time of investment, is classified as an emerging or developing country by any supranational organization such as an institution in the World Bank Group or the United Nations, or similar entity, or is considered an emerging market country for purposes of constructing a major emerging market securities index.
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.
C000039496 Holdings
Top 10 holdings of JNL Growth Allocation Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| JNL Multi-Manager Select Equity Fund | 10.50% |
| JNL/Causeway International Value Select Fund | 8.04% |
| JNL/WCM Focused International Equity Fund | 7.37% |
| JNL Multi-Manager Emerging Markets Equity Fund | 6.60% |
| JNL/Newton Equity Income Fund | 5.82% |
| JNL/T. Rowe Price Value Fund | 5.03% |
| JNL Multi-Manager Mid Cap Fund | 4.49% |
| JNL/T. Rowe Price Capital Appreciation Equity Fund | 4.40% |
| JNL Multi-Manager International Small Cap Fund | 4.16% |
| JNL/Loomis Sayles Global Growth Fund | 3.97% |
C000039496 Portfolio Allocation
Asset-class allocation of JNL Growth Allocation Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 100.1% |
C000039496 Performance
Total returns for C000039496 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 7.9% |
| 1 year | 13.9% |
| 3 years (annualised) | 13.2% |
| 5 years (annualised) | 5.8% |
C000039496 Risk Information
Risk metrics for C000039496, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 10.2%
C000039496 Costs and Fees
C000039496 costs about $119 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.19%
- Gross expense ratio: 1.19%
- Portfolio turnover: 24%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000039496 Cashflows
Over the 12 months to 2026-06, JNL Growth Allocation Fund had net outflows of $457.90M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$39.11M |
| 2026-05 | −$36.75M |
| 2026-04 | −$36.73M |
| 2026-03 | −$34.30M |
| 2026-02 | −$36.54M |
| 2026-01 | −$45.11M |
C000039496 Debt Constituents
No individual debt constituents are reported in JNL Growth Allocation Fund's latest SEC N-PORT filing.
C000039496 Prospectus and SEC Filings
Official JNL Growth Allocation 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 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.