JNL/PIMCO Real Return Fund

C000067998 Fund Overview

JNL/PIMCO Real Return Fund is a US mutual fund managed by JNL Series Trust, categorised as Intermediate Treasury / Sovereign 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 Treasury / Sovereign Bond
• Assets under management: $1.06B
• 1-year return: 4.0%
• SEC CIK: 0000933691
• SEC series ID: S000010711
• Share class ID: C000067998

C000067998 Investment Objective and Strategy

JNL/PIMCO Real Return 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 maximum real return, consistent with preservation of real capital and prudent investment management.

Principal investment strategy

The Fund seeks 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 inflation-indexed bonds of varying maturities issued by the U.S. and non-U.S. governments, their agencies or instrumentalities, and corporations, which may be represented by forwards or derivatives such as options, futures contracts, or swap agreements. Assets not invested in inflation-indexed bonds may be invested in other types of fixed-income instruments. Fixed-income instruments include bonds, debt securities and other similar instruments issued by various U.S. and non-U.S. public- or private-sector entities. Inflation-indexed bonds are fixed-income securities that are structured to provide protection against inflation.

The value of the bonds principal or the interest income paid on the bond is adjusted to track changes in an official inflation measure. The U.S. Treasury uses the Consumer Price Index for All Urban Consumers (CPI-U) as the inflation measure. Inflation-indexed bonds issued by a foreign government are generally adjusted to reflect a comparable inflation index, calculated by that government. Real return equals total return less the estimated rate of inflation, which is typically measured by the change in an official inflation measure, such as CPI-U. The average portfolio duration of this Fund normally varies within three years (plus or minus) of the duration of the Bloomberg U.S. Treasury: U.S. TIPS Index, as calculated by Pacific Investment Management Company LLC (PIMCO). For these purposes, in calculating the Funds average portfolio duration, PIMCO includes the real duration of the inflation-indexed portfolio.

The Fund invests primarily in investment grade securities, but may invest up to 10% of its total assets in high yield securities (junk bonds) rated B or higher by Moody's or equivalently rated by S&P Global Ratings or Fitch Inc., or, if unrated, determined by PIMCO to be of comparable quality (except that within such 10% limitation, the Fund may invest in mortgage-related securities rated below B). The Fund also may invest up to 30% of its total assets in securities denominated in foreign currencies, and may invest beyond this limit in U.S. dollar denominated securities of foreign issuers. The Fund may invest up to 15% of its total assets in securities and instruments that are economically tied to emerging market countries. Foreign currency exposure (from non-U.S. dollar-denominated securities or currencies) normally will be limited to 20% of the Funds total assets.

The Fund may invest all of its assets in derivative instruments, such as futures, including commodity futures, options, or swap agreements, or in mortgage or asset-backed securities. The Fund may purchase or sell securities on a when-issued basis, delayed delivery or forward commitment basis and may engage in short sales. The Fund may, without limitation, seek to obtain market exposure to the securities in which it primarily invests by entering into a series of purchase and sale contracts or by using other investment techniques (such as buybacks or dollar rolls). The Fund may also invest up to 10% of its total assets in preferred securities.

C000067998 Holdings

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

View all C000067998 holdings

C000067998 Portfolio Allocation

Asset-class allocation of JNL/PIMCO Real Return Fund by percentage of net assets, from the latest SEC N-PORT filing.

C000067998 Performance

Total returns for C000067998 (as of 2026-10-01), from SEC filings.

C000067998 Risk Information

Risk metrics for C000067998, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 3.3%

C000067998 Costs and Fees

C000067998 costs about $138 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.38%
• Gross expense ratio: 1.38%
• Portfolio turnover: 50%
• Brokerage commissions: 0.44 bps of average net assets (SEC N-CEN)

C000067998 Cashflows

Over the 12 months to 2026-06, JNL/PIMCO Real Return Fund had net outflows of $95.56M, from monthly SEC N-PORT filings.

C000067998 Debt Constituents

Largest debt holdings of JNL/PIMCO Real Return Fund by percentage of net assets, from the latest SEC N-PORT filing.

C000067998 Prospectus and SEC Filings

Official JNL/PIMCO Real Return 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 Treasury / Sovereign Bond funds tracked on ABC INVEST:

• Vanguard Intermediate-Term Bond Index Fund (VBIIX)
• Vanguard Intermediate-Term Treasury Index Fund (VSIGX)
• iShares U.S. Treasury Bond ETF (GOVT)
• iShares 3-7 Year Treasury Bond ETF (IEI)
• Fidelity SAI Inflation-Protected Bond Index Fund (FSPWX)

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.