JNL/American Funds Global Bond Fund
Data updated: 2026-05-28
C000085348 — JNL/American Funds Global Bond Fund. United States Multi-Cap / All-Cap Blend / Core Equity. Holdings, fees, performance and SEC filings.
C000085348 Fund Overview
JNL/American Funds Global Bond 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: $299.43M
- 1-year return: 3.7%
- SEC CIK: 0000933691
- SEC series ID: S000028039
- Share class ID: C000085348
C000085348 Investment Objective and Strategy
JNL/American Funds Global Bond Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by JNL Series Trust.
Investment objective
The JNL/American Funds Global Bond Fund (“Fund” or “Feeder Fund”) seeks, over the long term, a high level of total return consistent with prudent investment management through exclusive investment in the shares of the American Funds Insurance Series ® - Global Bond Fund SM (“Master Fund”).
Principal investment strategy
The Fund operates as a feeder fund and seeks to achieve its goal by investing all of its assets in Class 1 shares of the Master Fund. The Master Fund is designed for investors seeking returns through a portfolio of debt securities issued by companies based around the world. The Master Fund seeks to provide you, over the long term, with as high a level of total return as is consistent with prudent management, by investing at least 80% of its assets (net assets plus the amount of any borrowings made for investment purposes) in bonds, and other debt securities, which may be represented by other investment instruments, including derivatives. The Master Fund invests primarily in debt securities of governmental, supranational and corporate issuers denominated in various currencies, including U.S.
dollars. As the Master Fund seeks to invest globally, the Master Fund will allocate its assets among securities of companies domiciled in various countries, including the United States and countries with emerging markets (but no fewer than three countries). Under normal market conditions, the Master Fund will invest significantly in issuers domiciled outside the United States (i.e. at least 40% of its net assets, unless market conditions are not deemed favorable by the Master Fund, in which case the Master Fund would invest at least 30% of its net assets in issuers outside the United States). Normally, the Master Funds debt obligations will consist substantially of investment-grade bonds (rated Baa3 or better or BBB- or better by Nationally Recognized Statistical Rating Organizations, or NRSROs, designated by the Master Funds investment adviser or unrated but determined to be of equivalent quality by the Master Funds investment adviser).
The Master Fund may also invest a portion of its assets in lower quality, higher yielding debt securities (rated Ba1 or below and BB+ or below by NRSROs designated by the Master Funds investment advisor or unrated but determined to be of equivalent quality by the Master Funds investment adviser). Such securities are sometimes referred to as junk bonds. The total return of the Master Fund will be the result of interest income, changes in the market value of the Master Funds investments and changes in the value of other currencies relative to the U.S. dollar. The Master Fund is non-diversified, which allows it to invest a greater percentage of its assets in any one issuer than would otherwise be the case. However, the Master Fund intends to limit its investments in the securities of any single issuer.
An investment in the Master Fund is subject to risks, including the possibility that the value of the Master Funds portfolio holdings may fluctuate in response to economic, political or social events in the United States or abroad. The Fund may invest in certain derivative instruments. A derivative is a financial contract, the value of which is based on the value of an underlying financial asset (such as a stock, bond or currency), a reference rate or a market index. The Fund may invest in a derivative only if, in the opinion of the Adviser of the Master Fund, the expected risks and rewards of the proposed investment are consistent with the investment objective and strategies of the Fund.
C000085348 Holdings
Top 1 holdings of JNL/American Funds Global Bond Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| American Funds Insurance Series - Capital World Bond Fund | 100.15% |
C000085348 Portfolio Allocation
Asset-class allocation of JNL/American Funds Global Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 100.1% |
C000085348 Performance
Total returns for C000085348 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | -2.0% |
| 1 year | 3.7% |
| 3 years (annualised) | 2.3% |
| 5 years (annualised) | -2.0% |
C000085348 Risk Information
Risk metrics for C000085348, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 6.4%
C000085348 Costs and Fees
C000085348 costs about $75 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.75%
- Gross expense ratio: 1.18%
- Portfolio turnover: 54%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000085348 Cashflows
Over the 12 months to 2026-03, JNL/American Funds Global Bond Fund had net outflows of $18.45M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-03 | −$3.62M |
| 2026-02 | $1.38M |
| 2026-01 | −$2.68M |
| 2025-12 | −$4.12M |
| 2025-11 | −$443.18K |
| 2025-10 | −$1.92M |
C000085348 Debt Constituents
No individual debt constituents are reported in JNL/American Funds Global Bond Fund's latest SEC N-PORT filing.
C000085348 Prospectus and SEC Filings
Official JNL/American Funds Global Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-04-24
- Prospectus (485BPOS) — filed 2024-04-26
- Prospectus (485BPOS) — filed 2023-04-27
- Portfolio holdings (N-PORT) — filed 2026-05-28
- Portfolio holdings (N-PORT) — filed 2026-02-25
- Portfolio holdings (N-PORT) — filed 2025-11-25
- Annual census (N-CEN) — filed 2026-03-12
- Annual census (N-CEN) — filed 2025-03-14
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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.