JNL/Invesco International Growth Fund

C000067964 Fund Overview

JNL/Invesco International Growth Fund is a US mutual fund managed by JNL Series Trust, categorised as Developed ex-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: Developed ex-US Mid Cap Blend / Core Materials Equity
• Assets under management: $1.44B
• 1-year return: 22.8%
• SEC CIK: 0000933691
• SEC series ID: S000001723
• Share class ID: C000067964

C000067964 Investment Objective and Strategy

JNL/Invesco International Growth 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 appreciation.

Principal investment strategy

The Fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its assets (net assets plus the amount of any borrowings for investment purposes) in equity securities of companies located outside the United States. The Fund considers a company to be located in a country if the company has been organized under the laws of, has its principal offices in, or has its securities principally traded in, the country, or if the company derives at least 50% of its revenues or net profits from, or has at least 50% of its assets or production capacities in, the country. The Fund generally will invest in securities of companies located in different regions and in at least three different countries. The Fund maintains the flexibility to invest in securities of companies from a variety of sectors, but from time to time, the Fund may have significant investments in particular sectors, including but not limited to financials, industrials, and information technology.

The Funds equity investments include, but is not limited to, common stock of companies located outside the United States. and depositary receipts, traded on an exchange and in over-the-counter markets. The Funds investments in depositary receipts may include American, European, Canadian, and Global Depositary Receipts (ADRs, EDRs, CDRs and GDRs, respectively), and other similar securities. ADRs and CDRs are receipts that represent interests in foreign securities held on deposit by U.S. and Canadian banks or trust companies, respectively. EDRs and GDRs have the same qualities as ADRs, although they may be traded in several international trading markets. The Fund may invest in securities of companies across the capitalization spectrum. Four unaffiliated investment managers (Sub-Advisers) generally provide day to day management for a portion of the Funds assets (each portion is sometimes referred to as a sleeve).

Each Sub-Adviser may use different investment strategies in managing Fund assets, acts independently from the others, and uses its own methodology for selecting investments. Jackson National Asset Management, LLC (JNAM or Adviser) is responsible for identifying and retaining the Sub-Advisers for the selected strategies and for monitoring the services provided by the Sub-Advisers. JNAM provides qualitative and quantitative supervision as part of its process for selecting and monitoring the Sub-Advisers. JNAM is also responsible for selecting the Funds investment strategies and for determining the amount of Fund assets to allocate to each Sub-Adviser. Based on JNAMs ongoing evaluation of the Sub-Advisers, JNAM may adjust allocations among Sub-Advisers. JNAM also may choose to allocate the Funds assets to additional Sub-Advisers or to replace/remove Sub-Advisers in the future.

There is no assurance that any or all of the strategies discussed in this prospectus will be used by JNAM or the Sub-Advisers. JNAM may also manage Fund assets directly to seek to enhance returns, or to hedge and to manage the Funds cash and short-term instruments. Below are the principal investment strategies for each Sub-Advisers strategy, but the Sub-Advisers may also implement other investment strategies in keeping with their respective strategys objective. Causeway Strategy Causeway Capital Management LLC (Causeway) constructs the Causeway Strategy by investing primarily in equity securities of companies located outside the United States. The Causeway Strategys investments in equity securities include common stock, as well as preferred stock, and depositary receipts. When investing the Causeway Strategys assets, Causeways proprietary computer model analyzes factors relating to valuation, sentiment, technical indicators, long-term growth, quality, and sustainability characteristics.

The sustainability category is further subdivided into environmental (E), social (S), and governance (G) categories. Currently, the sustainability category receives a 20% weight in the model. For each stock, the weight assigned to the remaining five factors differs depending on its classification (for example, value, growth, momentum, or other classifications). The relative weights of these factors are sometimes referred to as contextual weights. Factors and their weights may change over time as the model is revised and updated, or if the classification of a stock changes. In addition to its quantitative research, Causeways fundamental research analysts review certain of the quantitative outputs to attempt to identify special issues, such as significant upcoming mergers and acquisitions or management changes, which may not be captured quantitatively.

Lazard Strategy Lazard Asset Management LLC (Lazard) constructs the Lazard Strategy by investing primarily in equity securities of non-U.S. companies, including those whose principal business activities are located in emerging market countries. The Lazard Strategy invests in companies that Lazard considers to be quality growth businesses. By quality, Lazard means businesses that it believes can generate, and sustain, high levels of financial productivity (i.e., return on equity, return on capital and cash flow return on investment). Lazard considers, among other factors deemed appropriate and relevant to a particular company, whether the company has a competitive advantage in its industry and if Lazard believes the company can sustain its competitive advantage. Lazard also looks for growth businesses that it believes can grow profits and cash flows by investing back into their business at similarly high rates of financial productivity.

Lazard Strategy may invest in securities of companies across the capitalization spectrum but generally focuses on companies with a market capitalization of $3 billion or more. The Lazard Strategy principally invests in common stocks, but the Lazard Strategys investments in equity securities also may include preferred stocks, convertible securities, and ADRs, GDRs, and EDRs. WCM Strategy WCM Investment Management, LLC (WCM) constructs the WCM Strategy by investing primarily in equity securities of non-U.S. domiciled companies or depositary receipts of non-U.S. domiciled companies that WCM believes to be undervalued because their businesses are out of favor and/or their stocks are undervalued in comparison to their intrinsic values, their peers, or their prospects for growth. Such companies may be located in developed, emerging market or frontier market countries.

Emerging market and frontier market countries are those countries with low- to middle-income economies as classified by the World Bank, or are included in any of the Morgan Stanley Capital International (MSCI) emerging markets or frontier markets indices. The equity securities in the WCM Strategy may include common stock and depositary receipts. The WCM Strategys investments in depositary receipts may include ADRs, EDRs, CDRs, and GDRs. The WCM Strategy will be managed pursuant to a focused strategy, whereby WCM typically invests in the equity securities of a small number of issuers. William Blair Strategy William Blair Investment Management, LLC (William Blair) constructs the William Blair Strategy by investing primarily in a diversified portfolio of equity securities, including common stocks and other forms of equity investments (e.g., securities convertible into common stocks) issued by companies of all sizes domiciled outside the United States that William Blair believes have above-average growth, profitability, and quality characteristics.

William Blair seeks investment opportunities in companies at different stages of development ranging from large, well-established companies to smaller companies at earlier stages of development that are leaders in their country, industry, or globally in terms of products, services, or execution. In choosing investments, William Blair performs fundamental company analysis and focuses on stock selection. William Blair generally seeks equity securities, including common stocks of companies that historically have had superior growth, profitability and quality relative to local markets and relative to companies within the same industry worldwide and that are expected to continue such performance. William Blair believes that such companies generally will exhibit superior business fundamentals, including leadership in their field, quality products or services, distinctive marketing and distribution, pricing flexibility and revenue from products or services consumed on a steady, recurring basis.

These business characteristics should be accompanied by management that is shareholder return-oriented and that uses conservative accounting policies. Companies with above-average returns on equity, strong balance sheets, and consistent, above average earnings growth will be the primary focus. Stock selection will take into account both local and global comparisons. The Fund may also invest in A Shares of companies based in the Peoples Republic of China (China) that trade on the Shanghai Stock Exchange and the Shenzhen Stock Exchange through the Shanghai Hong Kong and Shenzhen Hong Kong Stock Connect programs (Stock Connect). Stock Connect is a mutual stock market access program designed to, among other things, enable foreign investments in China.

C000067964 Holdings

Top 10 holdings of JNL/Invesco International Growth Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000067964 holdings

C000067964 Portfolio Allocation

Asset-class allocation of JNL/Invesco International Growth Fund by percentage of net assets, from the latest SEC N-PORT filing.

C000067964 Performance

Total returns for C000067964 (as of 2026-10-01), from SEC filings.

C000067964 Risk Information

Risk metrics for C000067964, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 18.1%

C000067964 Costs and Fees

C000067964 costs about $67 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.67%
• Gross expense ratio: 0.67%
• Portfolio turnover: 86%
• Brokerage commissions: 9.14 bps of average net assets (SEC N-CEN)

C000067964 Cashflows

Over the 12 months to 2026-06, JNL/Invesco International Growth Fund had net inflows of $204.57M, from monthly SEC N-PORT filings.

C000067964 Debt Constituents

No individual debt constituents are reported in JNL/Invesco International Growth Fund's latest SEC N-PORT filing.

C000067964 Prospectus and SEC Filings

Official JNL/Invesco International Growth 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 Developed ex-US Mid Cap Blend / Core Materials Equity funds tracked on ABC INVEST:

• Vanguard International Core Stock Fund (VZICX)
• Invesco Gold & Special Minerals Fund (OGMCX)
• JOHCM International Select Fund (JOHIX)
• Victory Pioneer International Equity Fund (PCITX)
• Great-West International Value Fund (MXIVX)

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.