JNL/T. Rowe Price Managed Volatility Balanced Fund
Data updated: 2026-05-28
C000138280 — JNL/T. Rowe Price Managed Volatility Balanced Fund. Balanced Allocation · $575.09M AUM. Holdings, fees, performance and SEC filings.
C000138280 Fund Overview
JNL/T. Rowe Price Managed Volatility Balanced Fund is a US mutual fund managed by JNL Series Trust, categorised as Balanced Allocation. 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: Balanced Allocation
- Assets under management: $575.09M
- 1-year return: 12.8%
- SEC CIK: 0000933691
- SEC series ID: S000044437
- Share class ID: C000138280
C000138280 Investment Objective and Strategy
JNL/T. Rowe Price Managed Volatility Balanced 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 capital appreciation and income while managing portfolio volatility.
Principal investment strategy
The Fund normally invests approximately 65% of its total assets in common stocks and 35% of its total assets in fixed income securities. The Fund invests in securities of both the United States and foreign corporate and governmental issuers, including emerging market issuers. The Fund (not including its volatility management overlay) will invest at least 25% of its total assets in fixed income senior securities and at least 25% of its total assets in equity securities. T. Rowe Price Associates, Inc., the Funds sub-adviser (Sub-Adviser), also employs a volatility control risk management process intended to manage the Funds volatility level. When deciding upon overall allocations between stocks and fixed income securities, the Sub-Adviser may favor fixed income securities if the economy is expected to slow sufficiently to hurt corporate profit growth.
When strong economic growth is expected, the Sub-Adviser may favor stocks. The fixed income securities in which the Fund intends to invest, including the foreign fixed income securities, are primarily investment grade and are chosen from across the entire government, corporate, and asset- and mortgage-backed securities markets. Maturities generally reflect the Sub-Advisers outlook for interest rates. When selecting particular stocks, the Sub-Adviser will examine relative values and prospects among growth- and value-oriented stocks, domestic and foreign stocks, small-to large-cap stocks, and may include stocks of companies involved in activities related to commodities and other real assets. Domestic stocks are drawn from the overall U.S. market and foreign stocks are selected primarily from large companies in developed countries, although stocks in emerging markets may also be purchased.
This process draws heavily upon the proprietary stock research expertise of the Sub-Adviser. While the Fund maintains a well-diversified portfolio, the Sub-Adviser may at a particular time shift stock selection toward markets or market sectors that appear to offer attractive value and appreciation potential. A similar security selection process applies to fixed income securities. When deciding whether to adjust duration, credit risk exposure, or allocations among the various sectors (for example, junk bonds, mortgage- and asset-backed securities, foreign fixed income securities and emerging market fixed income securities), the Sub-Adviser weighs such factors as the outlook for inflation and the economy, corporate earnings, expected interest rate movements and currency valuations, and the yield advantage that lower-rated fixed income securities may offer over investment grade fixed income securities.
Securities may be sold for a variety of reasons, such as to effect a change in asset allocation, secure a gain, limit a loss, or redeploy assets into more promising opportunities. Volatility is a statistical measure of the magnitude of changes in the Funds returns over time without regard to the direction of those changes. The Sub-Adviser expects to actively manage the Funds volatility using a variety of equity index and fixed income futures and currency forwards. The Funds overall equity exposure may be significantly reduced as a result of the volatility management strategy. Volatility is not a measure of investment performance. Volatility may result from rapid and dramatic price swings. Higher volatility generally indicates higher risk and is often reflected by frequent and sometimes significant market movements.
The Fund could experience high levels of volatility in both rising and falling markets. Due to market conditions or other factors, the actual or realized volatility of the Fund for any particular period of time may fluctuate.
C000138280 Holdings
Top 10 holdings of JNL/T. Rowe Price Managed Volatility Balanced Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| NVIDIA Corporation | 3.07% |
| Apple Inc. | 2.18% |
| Microsoft Corporation | 2.05% |
| Alphabet Inc. | 1.47% |
| Amazon.com, Inc. | 1.46% |
| Broadcom Inc. | 1.17% |
| Meta Platforms, Inc. | 1.05% |
| Alphabet Inc. | 0.83% |
| Jackson National Asset Management, LLC | 0.80% |
| T. Rowe Price Government Reserve Fund | 0.71% |
C000138280 Portfolio Allocation
Asset-class allocation of JNL/T. Rowe Price Managed Volatility Balanced Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 64.4% |
| Fixed Income | 23.3% |
| Securitized | 11.3% |
| Cash & Equivalents | 1.8% |
C000138280 Performance
Total returns for C000138280 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | -1.5% |
| 1 year | 12.8% |
| 3 years (annualised) | 12.2% |
| 5 years (annualised) | 6.1% |
C000138280 Risk Information
Risk metrics for C000138280, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 7.6%
C000138280 Costs and Fees
C000138280 costs about $97 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.97%
- Gross expense ratio: 0.97%
- Portfolio turnover: 58%
- Brokerage commissions: 1.67 bps of average net assets (SEC N-CEN)
C000138280 Cashflows
Over the 12 months to 2026-03, JNL/T. Rowe Price Managed Volatility Balanced Fund had net outflows of $23.00M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-03 | −$3.97M |
| 2026-02 | $3.01M |
| 2026-01 | −$2.79M |
| 2025-12 | −$3.88M |
| 2025-11 | −$1.61M |
| 2025-10 | −$3.15M |
C000138280 Debt Constituents
Largest debt holdings of JNL/T. Rowe Price Managed Volatility Balanced Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Treasury, United States Department of | 0.63% |
| Treasury, United States Department of | 0.62% |
| Treasury, United States Department of | 0.61% |
| Treasury, United States Department of | 0.60% |
| Treasury, United States Department of | 0.48% |
| Treasury, United States Department of | 0.41% |
| Treasury, United States Department of | 0.38% |
| Treasury, United States Department of | 0.36% |
| Treasury, United States Department of | 0.34% |
| Treasury, United States Department of | 0.30% |
C000138280 Prospectus and SEC Filings
Official JNL/T. Rowe Price Managed Volatility Balanced 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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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.