JNL/S&P Dividend Income & Growth Fund
Data updated: 2021-05-27
C000068009 — JNL/S&P Dividend Income & Growth Fund. Bond · $4.78B AUM · 0.35% expense ratio · 58.9% 1-yr return. Holdings, fees, performance and SEC filings.
C000068009 Fund Overview
JNL/S&P Dividend Income & Growth Fund is a US mutual fund managed by JNL Series Trust, categorised as 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: Bond
- Assets under management: $4.78B
- 1-year return: 58.9%
- SEC CIK: 0000933691
- SEC series ID: S000019483
- Share class ID: C000068009
C000068009 Investment Objective and Strategy
JNL/S&P Dividend Income & 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 primarily capital appreciation
Principal investment strategy
The Fund seeks to achieve its objective by investing in the stock of anywhere from 33 to 99 distinct companies (generally ranging from 35 to 50 distinct companies) included in the S&P 500 Index that have attractive dividend yields and strong capital structures as determined by Standard & Poors Investment Advisory Services LLC (SPIAS). The holdings in the portfolio are selected from all 11 sectors of the economy identified in the S&P 500 Index. SPIAS will choose only one share class of a company to be represented in the Fund if the stock selection model selects multiple share classes of the same company. SPIAS incorporates S&P Capital IQ Quality Ranks and S&P Global Ratings Issuer Credit Ratings in the selection process. The Fund is comprised of three distinct sub-portfolios, each of which selects 33 company names and rebalances on a separate date.
The 33 names included in a sub-portfolio could overlap with some or all of the names in any of the other sub-portfolios. The sub-portfolios separately are selected and rebalance on or about the first business day of March, September or December of each year. As of March 2017, the Fund has fully transitioned to the three sub-portfolio strategy. Additionally, on or about the first business day of December of each year starting in 2017 the Fund rebalances the size of the three separate sub-portfolios to ensure equal weighting of the sub-portfolios. SPIAS and BNY Mellon Asset Management North America Corporation (collectively, Sub-Advisers) generally use a buy and hold strategy, executing trades only on or around each stock selection date, when cash flow activity occurs in the Fund and for dividend reinvestment purposes.
S&P Capital IQ Quality Ranks Growth and stability of earnings and dividends are deemed key elements in establishing earnings and dividend rankings for common stocks. This process also takes into consideration certain adjustments and modifications deemed desirable in establishing such rankings. The final score for each stock is measured against a scoring matrix determined by an internal analysis of the scores of a large and representative sample of stocks. The range of scores in the array of this sample has been aligned with the following ladder of rankings: A+ Highest B- Lower A High C Lowest A- Above Average D In Reorganization B+ Average NR Not Ranked B Below Average S&P Global Ratings Issuer Credit Ratings S&P Global Ratings Issuer Credit Ratings (also known as credit ratings) express opinions about the ability and willingness of an issuer to meet its financial obligations in full and on time.
Credit ratings can also be used to determine the credit quality of an individual debt issue, such a corporate or municipal bond, and the relative likelihood that the issue may default. Credit ratings are not an absolute measure of default probability, since there are future events that cannot be foreseen. Credit ratings are not intended as guarantees of credit quality or as exact measures of the probability that a particular issuer or debt issue will default. S&P Global Ratings Issuer Credit Ratings opinions are based on analysis by experienced professionals who evaluate and interpret information received from issuers and other available sources to form a considered opinion. S&P Global Ratings analysts obtain information from public reports, as well as from interviews and discussions with the issuers management.
They use that information and apply their analytical judgment to assess the entitys financial condition, operation performance, policies and risk management strategies. Certain provisions of the Investment Company Act of 1940, as amended (1940 Act), and other U.S. Federal Securities Laws may limit the ability of the Fund to invest in certain securities in excess of certain percentage limitations. The 1940 Act and other Federal Securities Laws may also limit or prohibit the Funds from making certain investments. The Fund may lend its securities to increase its income. The Fund may invest in a combination of exchange-traded funds (ETFs) to assist with fund rebalances and to meet redemption or purchase requests. The Fund may invest in financial futures, a type of derivative, to obtain market exposure consistent with the Funds investment objective and strategies, to provide liquidity for cash flows, to hedge dividend accruals or for other purposes that facilitate meeting the Funds objective.
The Fund is a non-diversified fund, as defined in the 1940 Act and may invest more of its assets in fewer issuers than diversified mutual funds.
C000068009 Performance
Total returns for C000068009 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 58.9% |
C000068009 Risk Information
Risk metrics for C000068009, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 17.2%
C000068009 Costs and Fees
C000068009 costs about $35 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.35%
- Gross expense ratio: 0.35%
- Portfolio turnover: 41%
- Brokerage commissions: 1.03 bps of average net assets (SEC N-CEN)
C000068009 Cashflows
Over the 12 months to 2021-03, JNL/S&P Dividend Income & Growth Fund had net outflows of $707.21M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2021-03 | −$59.31M |
| 2021-02 | −$72.69M |
| 2021-01 | −$56.78M |
| 2020-12 | −$56.24M |
| 2020-11 | −$42.35M |
| 2020-10 | −$113.19M |
C000068009 Debt Constituents
No individual debt constituents are reported in JNL/S&P Dividend Income & Growth Fund's latest SEC N-PORT filing.
C000068009 Prospectus and SEC Filings
Official JNL/S&P Dividend Income & Growth Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-05-11
- Prospectus (485BPOS) — filed 2019-05-15
- Prospectus (485BPOS) — filed 2018-05-16
- Portfolio holdings (N-PORT) — filed 2021-05-27
- Portfolio holdings (N-PORT) — filed 2021-02-26
- Portfolio holdings (N-PORT) — filed 2020-11-24
- Annual census (N-CEN) — filed 2021-03-15
- Annual census (N-CEN) — filed 2020-03-16
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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.