JNL Multi-Manager Small Cap Growth Fund
Data updated: 2026-08-26
C000067991 — JNL Multi-Manager Small Cap Growth Fund. United States Mid Cap Growth Equity · $2.54B AUM. Holdings, fees, performance and SEC filings.
C000067991 Fund Overview
JNL Multi-Manager Small Cap Growth Fund is a US mutual fund managed by JNL Series Trust, categorised as United States Mid Cap Growth 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 Mid Cap Growth Equity
- Assets under management: $2.54B
- 1-year return: 21.6%
- SEC CIK: 0000933691
- SEC series ID: S000001776
- Share class ID: C000067991
C000067991 Investment Objective and Strategy
JNL Multi-Manager Small Cap 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 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 the equity securities of small-capitalization companies that, when purchased, have market capitalizations between the smallest company and 120% of the largest company in the Morningstar US Small Cap Broad Growth Extended Index. As of December 31, 2025, the range of such companies in the Morningstar US Small Cap Broad Growth Extended Index was $129.23 million to $26.13 billion. The Fund has flexibility in the relative weighting of each asset class and expects to vary the percentages of assets invested in each asset class from time to time. JNAMs allocations to the underlying Sub-Advisers will be a function of a variety of factors including each underlying strategys expected returns, volatility, correlation, and contribution to the Funds overall risk profile.
Companies with similar characteristics may be grouped together in broad categories called sectors. Because the Fund may allocate relatively more assets to certain sectors than others, the Funds performance may be more susceptible to any developments which affect those sectors emphasized by the Fund. Six 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.
GIM Strategy Granahan Investment Management, LLC (GIM) constructs the GIM Strategy by blending their Small Cap Focused Growth strategy and their Small Cap Select Strategy. GIMs Small Cap Focused Growth strategy is grounded in the belief that superior long term returns are best achieved by focusing on smaller companies that are poised to grow at 15% or more, and using a strict methodology to own the stocks of these sustainable growth companies when risk/reward is attractive. Within this philosophy, GIMs Small Cap Focused Growth strategy seeks to own companies with large open-ended opportunities, a favorable competitive landscape and products or services providing a significant value proposition to the customer. The Small Cap Select strategy takes a diversified approach to growth by seeking companies that can either sustain growth for an extended time, or materially accelerate their growth rate over the near to medium term.
The strategy believes that this approach expands the investment opportunity set and mitigates risk. Baron Strategy BAMCO, Inc. (BAMCO) constructs the Baron Strategy, under normal circumstances, by investing primarily in equity securities of U.S. small-sized growth companies. BAMCO seeks to invest in businesses it believes have significant opportunities for growth, sustainable competitive advantages, exceptional management, and an attractive valuation. Although the strategy invests primarily in U.S. companies, it may also invest in securities of non-U.S. issuers that are not publicly traded in the U.S. and in Global Depository Receipts and European Depository Receipts. Kayne Anderson Rudnick Strategy Kayne Anderson Rudnick Investment Management, LLC (KAR) constructs the KAR Strategy by blending two of their unique strategies, Small Cap Growth and Small-Mid Cap Growth strategies.
The Small Cap Growth strategy invests in common stocks of small market capitalization companies believed to possess sustainable competitive advantages at prices that KAR deems attractive. The Small Cap Growth strategy emphasizes companies determined by KAR to have a sustainable competitive advantage and the ability to grow over an extended period of time. Although the Small Cap Growth strategy invests primarily in U.S. companies, it may invest in foreign securities and ADRs. The Small-Mid Cap Growth strategy invests in common stocks of small and mid-market capitalization companies believed to possess sustainable competitive advantages at prices that KAR deems attractive. The Small-Mid Cap Growth strategy emphasizes companies determined by KAR to have a sustainable competitive advantage and the ability to grow over an extended period of time.
Although the Small-Mid Cap Growth strategy invests primarily in U.S. companies, it may invest in foreign securities and ADRs. SBH Strategy Segall Bryant & Hamill, LLC (SBH) constructs the SBH Strategy by investing in small companies that SBH believes to have attractive growth prospects for earnings and/or cash flows. The SBH Strategy primarily invests in equity securities of companies whose stock is traded on U.S. markets, including depositary receipts or shares issued by companies incorporated outside of the United States (e.g., ADRs). SBH implements an investment strategy primarily through independent bottom-up fundamental research. SBH constructs a portfolio designed to generate alpha, or risk-adjusted excess return relative to the Russell 2000 Growth Index, primarily through stock selection.
SBH uses a proprietary discounted cash flow (DCF) model for purposes of valuing and generating price targets for individual stocks. The DCF model is utilized for two primary purposes to understand what assumptions are implied in a stocks current price and to generate an expected value for each stock, based on SBHs internally generated forecasts. WCM Strategy WCM Investment Management, LLC (WCM) constructs the WCM Strategy by investing principally in small-capitalization companies. The WCM Strategy primarily invests in equity securities of U.S. companies but may also invest any portion of its assets in REITs, foreign securities, including ADRs and GDRs. WCM employs both fundamental analysis and quantitative screening in seeking to identify companies that the investment team believes will produce significant, long-term excess return.
WCMs investment process seeks to examine four key governing components: ? Corporate Performance reviewing the operating history of the company, understanding of managements skill set, the companys core competency, the culture and their ability to evolve. ? Systematic Effects evaluating the macro factors affecting the business, their position in the market and looking to gain an understanding of the key drivers of the business. ? Sustainability measuring how the company can protect its margins and continue to reinvest cash flows. ? Intrinsic Value determining the value of the company versus how the market values the company. Driehaus Strategy Driehaus Capital Management LLC (Driehaus) constructs the Driehaus Strategy by investing primarily in equity securities of U.S. small-capitalization companies exhibiting strong growth characteristics.
Although the Driehaus Strategy will invest primarily in the equity securities of U.S. small-cap companies, it may also invest a portion of its assets in the equity securities of non-U.S. companies that trade in the U.S. (such as ADRs or substantially similar instruments that are based on foreign securities). Driehaus employs a growth style of investing for the Driehaus Strategy. For companies with operating histories, Driehaus evaluates a companys revenue and earnings growth to determine whether it can materially exceed market expectations and whether the security is at an attractive entry point. The Driehaus Strategy may invest in companies with limited or no operating histories.
C000067991 Holdings
Top 10 holdings of JNL Multi-Manager Small Cap Growth Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Jackson National Asset Management, LLC | 2.63% |
| JNL Government Money Market Fund | 2.04% |
| AAON, Inc. | 1.64% |
| Porch Group Inc | 1.37% |
| SharkNinja, Inc. | 1.32% |
| Mercury Systems, Inc. | 1.31% |
| Guardant Health, Inc. | 1.27% |
| Forgent Power Solutions, Inc. | 1.25% |
| Advanced Drainage Systems, Inc. | 1.24% |
| Saia, Inc. | 1.20% |
C000067991 Portfolio Allocation
Asset-class allocation of JNL Multi-Manager Small Cap Growth Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.0% |
| Cash & Equivalents | 4.7% |
C000067991 Performance
Total returns for C000067991 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 17.4% |
| 1 year | 21.6% |
| 3 years (annualised) | 11.5% |
| 5 years (annualised) | 0.6% |
C000067991 Risk Information
Risk metrics for C000067991, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 16.4%
C000067991 Costs and Fees
C000067991 costs about $68 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.68%
- Gross expense ratio: 0.68%
- Portfolio turnover: 78%
- Brokerage commissions: 9.99 bps of average net assets (SEC N-CEN)
C000067991 Cashflows
Over the 12 months to 2026-06, JNL Multi-Manager Small Cap Growth Fund had net outflows of $247.37M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$44.38M |
| 2026-05 | −$33.16M |
| 2026-04 | $128.81M |
| 2026-03 | −$38.01M |
| 2026-02 | −$56.90M |
| 2026-01 | $3.59M |
C000067991 Debt Constituents
No individual debt constituents are reported in JNL Multi-Manager Small Cap Growth Fund's latest SEC N-PORT filing.
C000067991 Prospectus and SEC Filings
Official JNL Multi-Manager Small Cap 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 2024-10-17
- 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 Mid Cap Growth 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.