JNL/First State Global Infrastructure Fund
Data updated: 2026-08-26
C000106863 — JNL/First State Global Infrastructure Fund. Holdings, fees, performance and SEC filings.
C000106863 Fund Overview
JNL/First State Global Infrastructure Fund is a US mutual fund managed by JNL Series Trust, categorised as Global (incl. US) Mid Cap Blend / Core Industrials 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: Global (incl. US) Mid Cap Blend / Core Industrials Equity
- Assets under management: $454.91M
- 1-year return: 13.3%
- SEC CIK: 0000933691
- SEC series ID: S000034689
- Share class ID: C000106863
C000106863 Investment Objective and Strategy
JNL/First State Global Infrastructure 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 total return through growth of capital and inflation-protected income.
Principal investment strategy
The Fund, under normal market conditions, invests at least 80% of its assets (net assets plus the amount of any borrowings for investment purposes) in publicly traded equity securities of infrastructure companies. The Fund will typically invest in U.S. and non-U.S. (foreign markets), which may include developing and emerging market countries. The Fund defines non-U.S. companies as companies (i) that are organized under the laws of a foreign country; (ii) whose principal trading market is in a foreign country; or (iii) that have a majority of their assets, or that derive a significant portion of their revenue or profits from businesses, investments or sales, outside of the United States. Under normal market conditions, the Fund invests significantly (ordinarily at least 40% unless market conditions are not deemed favorable by the Funds sub-adviser, in which case the Fund would invest at least 30%) in non-U.S.
infrastructure companies. The Fund defines an infrastructure company as one that exhibits the characteristics of high barriers to entry, strong pricing power, predictable cash flows and sustainable growth. The Fund defines infrastructure assets, among other things, as the physical structures, networks and systems of transportation, energy, water, waste, and communication. Given the evolving nature of the global listed infrastructure market, the Fund may hold securities outside of the above sectors as long as they meet the Funds definition of an infrastructure company. The equity securities in which the Fund may invest include, but are not limited to, common and preferred stock of companies of any size market capitalizations. The foreign securities in which the Fund may invest include, but not limited to, depositary receipts, such as American Depositary Receipts (ADRs), European Depositary Receipts (EDRs) and Global Depositary Receipts (GDRs).
The Fund may also invest in initial public offerings (IPOs). The Fund may invest without limit in stapled securities to gain exposure to infrastructure companies in Australia. The value of stapled securities and the income derived from them may fall as well as rise. Stapled securities are not obligations of, deposits in, or guaranteed by, the Fund. The Fund may invest in real estate investment trusts (REITs) and in limited partnerships and master limited partnerships (MLPs) listed on a domestic or foreign exchange that meet the Funds definition of an infrastructure company. The Fund may invest in Rule 144A and Regulation S securities. Rule 144A securities are securities offered as exempt from registration with the Securities and Exchange Commission (SEC) but are typically treated as liquid securities because there is a market for such securities.
Regulation S securities are securities of U.S. and non-U.S. issuers that are issued through private offerings without registration with the SEC pursuant to Regulation S under the Securities Act of 1933, as amended. The Funds investment strategy is based on active, bottom-up stock selection which seeks to identify mispricing. The strategy seeks to minimize risk through on-the-ground research, a focus on quality, and sensible portfolio construction.
C000106863 Holdings
Top 10 holdings of JNL/First State Global Infrastructure Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| NextEra Energy, Inc. | 5.34% |
| Duke Energy Corporation | 4.96% |
| Union Pacific Corporation | 4.93% |
| American Electric Power Company, Inc. | 4.70% |
| Canadian National Railway Company | 4.29% |
| XCEL Energy Inc. | 3.62% |
| Aena, S.m.e., S.a. | 3.53% |
| National Grid PLC | 3.52% |
| ONEOK, Inc. | 3.37% |
| Sempra | 3.31% |
C000106863 Portfolio Allocation
Asset-class allocation of JNL/First State Global Infrastructure Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.5% |
| Cash & Equivalents | 1.7% |
C000106863 Performance
Total returns for C000106863 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 9.0% |
| 1 year | 13.3% |
| 3 years (annualised) | 11.1% |
| 5 years (annualised) | 7.1% |
C000106863 Risk Information
Risk metrics for C000106863, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 11.7%
C000106863 Costs and Fees
C000106863 costs about $116 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.16%
- Gross expense ratio: 1.16%
- Portfolio turnover: 59%
- Brokerage commissions: 4.87 bps of average net assets (SEC N-CEN)
C000106863 Cashflows
Over the 12 months to 2026-06, JNL/First State Global Infrastructure Fund had net outflows of $117.39M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$8.66M |
| 2026-05 | −$7.37M |
| 2026-04 | −$11.67M |
| 2026-03 | −$10.33M |
| 2026-02 | −$9.32M |
| 2026-01 | −$11.10M |
C000106863 Debt Constituents
No individual debt constituents are reported in JNL/First State Global Infrastructure Fund's latest SEC N-PORT filing.
C000106863 Prospectus and SEC Filings
Official JNL/First State Global Infrastructure 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 Global (incl. US) Mid Cap Blend / Core Industrials 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.