JNL/Mellon Capital Utilities Sector Fund
Data updated: 2026-08-26
C000124096 — JNL/Mellon Capital Utilities Sector Fund. United States Mid Cap Blend / Core Utilities Equity. Holdings, fees, performance and SEC filings.
C000124096 Fund Overview
JNL/Mellon Capital Utilities Sector Fund is a US mutual fund managed by JNL Series Trust, categorised as United States Mid Cap Blend / Core Utilities 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 Mid Cap Blend / Core Utilities Equity
- Assets under management: $749.62M
- 1-year return: 13.7%
- SEC CIK: 0000933691
- SEC series ID: S000040007
- Share class ID: C000124096
C000124096 Investment Objective and Strategy
JNL/Mellon Capital Utilities Sector Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by JNL Series Trust.
Investment objective
The objective of the Fund is to track the performance of the Morningstar US Utilities Index SM to provide total return through capital appreciation and dividend income.
Principal investment strategy
The Fund invests under normal circumstances at least 80% of its assets (net assets plus the amount of any borrowings for investment purposes) in the stocks included in the Morningstar US Utilities Index (Index) in proportion to their market capitalization weighting in the Index. The Index measures the performance of electric, gas, and water utilities. The Index is float market capitalization weighted. The Index is reconstituted semiannually and implemented after the close of business on the third Friday of June and December and 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 effective the following Monday. As of December 31, 2025, the Index had 49 constituents and the full market capitalization range was $1.1 billion to $167 billion.
The number of securities is not fixed and can vary from reconstitution to reconstitution. The Fund will concentrate in certain industries in the utilities sector to the extent such industries are represented in the Index. The Index measures the performance of the utilities sector of the U.S. equity market. The Fund seeks to achieve its objective by utilizing a replication investment approach, called indexing, which attempts to replicate the investment performance of the Index. Indexing may offer a cost-effective investment approach to gaining sector exposure over the long term. Indexing may eliminate the chance that the Fund will outperform the Index, but also may reduce some of the risk of active management, such as poor security selection. The Funds ability to achieve significant correlation with the performance of the Index may be affected by changes in shareholder flows, securities markets and changes in the composition of the Index.
The Fund may invest in financial futures, a type of derivative that may be used to obtain exposure to a variety of underlying assets, to provide liquidity for cash flows, to hedge dividend accruals or for other purposes that facilitate meeting the Funds objective. The Funds use of financial futures is intended to assist replicating the investment performance of the Index. The Fund may also invest in a combination of exchange-traded funds (ETFs) and cash to maintain correlation to its index, to assist with index rebalances, and to meet redemption or purchase requests. The Funds holdings are rebalanced on a quarterly basis to reflect changes in the composition of the Index. The Fund is classified as a non-diversified fund, as defined in the Investment Company Act of 1940, as amended (the 1940 Act), which means that it may invest more of its assets in fewer issuers than diversified mutual funds.
From time to time, the Index may become diversified. During those times, the Fund will continue to track the performance of the Index, but the Fund will retain its non-diversified status even if its holdings become diversified.
C000124096 Holdings
Top 10 holdings of JNL/Mellon Capital Utilities Sector Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| NextEra Energy, Inc. | 11.88% |
| The Southern Company | 7.02% |
| Duke Energy Corporation | 6.40% |
| Constellation Energy Group, Inc. | 5.48% |
| American Electric Power Company, Inc. | 4.84% |
| Sempra | 3.93% |
| Dominion Energy, Inc. | 3.72% |
| Vistra Corp. | 3.48% |
| Entergy Corporation | 3.41% |
| XCEL Energy Inc. | 3.26% |
C000124096 Portfolio Allocation
Asset-class allocation of JNL/Mellon Capital Utilities Sector Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.6% |
| Cash & Equivalents | 0.5% |
C000124096 Performance
Total returns for C000124096 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 7.2% |
| 1 year | 13.7% |
| 3 years (annualised) | 16.6% |
| 5 years (annualised) | 11.5% |
C000124096 Risk Information
Risk metrics for C000124096, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 14.9%
C000124096 Costs and Fees
C000124096 costs about $30 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.30%
- Gross expense ratio: 0.35%
- Portfolio turnover: 28%
- Brokerage commissions: 0.39 bps of average net assets (SEC N-CEN)
C000124096 Cashflows
Over the 12 months to 2026-06, JNL/Mellon Capital Utilities Sector Fund had net outflows of $911.60K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$38.00M |
| 2026-05 | −$34.80M |
| 2026-04 | −$29.17M |
| 2026-03 | $62.65M |
| 2026-02 | $5.37M |
| 2026-01 | −$16.38M |
C000124096 Debt Constituents
No individual debt constituents are reported in JNL/Mellon Capital Utilities Sector Fund's latest SEC N-PORT filing.
C000124096 Prospectus and SEC Filings
Official JNL/Mellon Capital Utilities Sector 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 United States Mid Cap Blend / Core Utilities 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.