JNL/Mellon Capital Emerging Markets Index Fund
Data updated: 2026-08-26
C000102953 — JNL/Mellon Capital Emerging Markets Index Fund. United States Blend / Core Equity · $1.36B AUM. Holdings, fees, performance and SEC filings.
C000102953 Fund Overview
JNL/Mellon Capital Emerging Markets Index Fund is a US mutual fund managed by JNL Series Trust, categorised as United States 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 Blend / Core Equity
- Assets under management: $1.36B
- 1-year return: 43.1%
- SEC CIK: 0000933691
- SEC series ID: S000033505
- Share class ID: C000102953
C000102953 Investment Objective and Strategy
JNL/Mellon Capital Emerging Markets Index 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 (Fund or Feeder Fund) is to track the performance of the Morningstar Emerging Markets Target Market Exposure Index SM (Net), which is a rules-based, float market capitalization-weighted index designed to cover 85% of the equity float-adjusted market capitalization of the emerging markets equity markets through exclusive investment in shares of the JNL Emerging Markets Index Fund (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 I shares of the Master Fund. The Master Fund seeks to invest under normal circumstances, at least 80% of its assets (net assets plus the amount of any borrowings for investment purposes) in securities included in the Morningstar Emerging Markets Target Market Exposure Index? (Net) (Index), including depositary receipts representing securities of the Index; which may be in the form of American Depositary receipts (ADRs), Global Depositary receipts (GDRs) and European Depositary receipts (EDRs). The Index is a rules-based, float market capitalization-weighted index designed to cover 85% of the equity float-adjusted market capitalization of the Emerging Markets equity markets. Morningstar Indexes classifies Brazil, Chile, Colombia, Mexico, Peru, China, India, Indonesia, South Korea, Malaysia, Philippines, Taiwan, Thailand, Czech Republic, Greece, Hungary, Russia, Turkey, Egypt, Kuwait, Qatar, South Africa, Saudi Arabia, and United Arab Emirates as Emerging Markets.
Morningstar Indexes reviews the market classification annually and consecutively updates the list. There is no specific tilt based on region. While the Index will contain securities from China and Russia, their weights are determined solely in accordance with their float market capitalization. As of December 31, 2025, total percentage weight of securities from China was 29% and that from Russia was 0%. The Index is reconstituted semiannually and implemented after the close of business on the third Friday of June and December and is effective the following Monday. The Index is rebalanced quarterly and implemented after the close of business on the third Friday of March, June, September, and December and is effective the following Monday. As of December 31, 2025, the Index had 1,469 constituents and the full market capitalization range was $307 million to $1.5 trillion.
The number of securities is not fixed and can vary from reconstitution to reconstitution. The Master Fund employs a passive investment approach, called indexing, which attempts to replicate the investment performance of the Index through representative sampling. The Master Fund does not employ traditional methods of active investment management, which involves the buying and selling of securities based upon security analysis. The Master Fund attempts to replicate the performance of the Index by investing all or substantially all of its assets in the securities that comprise the Index. Indexing may offer a cost-effective investment approach to gaining diversified market exposure over the long-term. Emerging market issuers may not be subject to accounting, auditing, legal and financial reporting standards comparable to those in developed markets, and emerging markets generally have less diverse and less mature economic structures, as well as less stable political systems, than those of developed countries.
Because the Fund seeks to track an index comprised of foreign securities, it may be more susceptible to such risks than a Fund that seeks to track an index comprised of domestic securities. When attempting to replicate the Index, portfolio turnover is typically limited to what the Index adds and deletes, contract owner contributions and withdrawals, fund of fund purchases and redemptions, and reinvestment income. The Master Fund stays aligned with the Index automatically with the change in share price, due to the close similarity between the holdings of the Index and those of the Master Fund. The Master Fund will rebalance on or about the date that the Index rebalances. The Master Fund will use to a significant degree derivative instruments, such as options, futures, and options on futures (including those relating to securities, indexes, foreign currencies and interest rates), forward contracts, swaps and hybrid instruments (typically structured notes), as a substitute for investing directly in equities, bonds and currencies in connection with its investment strategy.
The Master Fund also may use such derivatives as part of a hedging strategy or for other purposes related to the management of the Master Fund. Derivatives may be entered into on established exchanges or through privately negotiated transactions referred to as over-the-counter derivatives. The Master Fund also may purchase or sell securities on a forward commitment (including TBA (to be announced) basis). These transactions involve a commitment by the Master Fund to purchase or sell particular securities with payment and delivery taking place at a future date and permit the Master Fund to lock in a price or yield on a security it owns or intends to purchase, regardless of future changes in interest rates or market conditions. The Master Fund also may invest in derivative securities to manage cash flows and equitize dividend accruals.
In addition, the Master Fund may also invest in exchange-traded funds (ETFs). ETFs may be used in the Master Fund to invest cash until such time as the Master Fund purchases local securities. ETFs may also be used to gain exposure to local markets that may be closed, or that are expensive or difficult to trade in local shares. The Master Fund may concentrate its investments in an industry or group of industries to the extent that the Index the Master Fund is designed to track is also so concentrated.
C000102953 Holdings
Top 1 holdings of JNL/Mellon Capital Emerging Markets Index Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| JNL Emerging Markets Index Fund | 99.90% |
C000102953 Portfolio Allocation
Asset-class allocation of JNL/Mellon Capital Emerging Markets Index Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.9% |
C000102953 Performance
Total returns for C000102953 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 25.0% |
| 1 year | 43.1% |
| 3 years (annualised) | 21.6% |
| 5 years (annualised) | 6.7% |
C000102953 Risk Information
Risk metrics for C000102953, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 20.6%
C000102953 Costs and Fees
C000102953 costs about $75 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.75%
- Gross expense ratio: 0.95%
- Portfolio turnover: 11%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000102953 Cashflows
Over the 12 months to 2026-06, JNL/Mellon Capital Emerging Markets Index Fund had net inflows of $174.63M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $30.15M |
| 2026-05 | $63.76M |
| 2026-04 | $23.98M |
| 2026-03 | $8.60M |
| 2026-02 | $51.87M |
| 2026-01 | $13.83M |
C000102953 Debt Constituents
No individual debt constituents are reported in JNL/Mellon Capital Emerging Markets Index Fund's latest SEC N-PORT filing.
C000102953 Prospectus and SEC Filings
Official JNL/Mellon Capital Emerging Markets Index 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
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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.