JNL/Harris Oakmark Global Equity Fund
Data updated: 2025-05-29
C000153488 — JNL/Harris Oakmark Global Equity Fund. Global (incl. US) Mid Cap Blend / Core Equity · $402.38M AUM. Holdings, fees, performance and SEC filings.
C000153488 Fund Overview
JNL/Harris Oakmark Global Equity Fund is a US mutual fund managed by JNL Series Trust, categorised as Global (incl. US) Mid 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: Global (incl. US) Mid Cap Blend / Core Equity
- Assets under management: $402.38M
- 1-year return: 4.4%
- SEC CIK: 0000933691
- SEC series ID: S000048718
- Share class ID: C000153488
C000153488 Investment Objective and Strategy
JNL/Harris Oakmark Global Equity 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.
Principal investment strategy
Under normal market conditions, the Fund will invest at least 80% of its assets (net assets plus the amount of any borrowings made for investment purposes) in a diversified portfolio of common stocks of U.S. and non-U.S. companies. The Fund invests in the securities of companies located in at least three countries. Typically, the Fund invests between 25-75% of its total assets in securities of U.S. companies and between 25-75% of its total assets in securities of non-U.S. companies. There are no geographic limits on the Funds non-U.S. investments, and the Fund may invest in securities of companies located in developed or emerging markets. The Fund may invest in the securities of large-, mid-, and small-capitalization companies. The Fund uses a value investment philosophy in selecting equity securities.
This investment philosophy is based upon the belief that, over time, a companys stock price converges with the estimate of its intrinsic or true business value as determined by the Funds investment sub-adviser, Harris Associates L.P. (Sub-Adviser). A true business value, means an estimate of the price a knowledgeable buyer would pay to acquire the entire business. The Funds Sub-Adviser believes that investing in securities priced significantly below their true business value presents the best opportunity to achieve the Funds investment objective. The Sub-Adviser uses this value philosophy to identify companies that it believes have discounted stock prices compared to the companies true business values. In assessing such companies, the Sub-Adviser looks for the following characteristics, although not all of the companies selected will have all of these attributes: (1) free cash flows and intelligent investment of excess cash; (2) earnings that are growing and are reasonably predictable; and (3) a high level of ownership by management.
In making its investment decisions, the Sub-Adviser uses a bottom-up approach focused on individual companies, rather than focusing on specific economic factors or specific industries. To facilitate its selection of investments that meet the criteria described above, the Sub-Adviser uses independent, in-house research to analyze each company. As part of this selection process, the Sub-Advisers analysts typically visit companies and conduct other research on the companies and their industries. Once the Sub-Adviser identifies a stock that it believes is selling at a significant discount to the Sub-Advisers estimate intrinsic value and that the company has one or more of the additional qualities mentioned above, the Sub-Adviser may consider buying that stock for the Fund. The Adviser usually sells a stock when the price approaches its estimated worth.
This means the Sub-Adviser sets specific buy and sell targets for each stock held by the Fund. The Sub-Adviser also monitors each holding and adjusts these price targets as warranted to reflect changes in a companys fundamentals. The Sub-Adviser believes that holding a relatively small number of stocks allows its best ideas to have a meaningful impact on the Funds performance. Therefore, the Funds portfolio typically holds thirty to sixty stocks and a significant percentage of the Funds total assets may also be invested in a particular region, sector or industry.
C000153488 Holdings
Top 10 holdings of JNL/Harris Oakmark Global Equity Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| JNL Government Money Market Fund | 4.13% |
| Bayer Aktiengesellschaft | 3.56% |
| BNP Paribas | 3.56% |
| Mercedes-Benz Group AG | 3.17% |
| Sysco Corporation | 2.99% |
| Kering | 2.98% |
| Former Charter Communications Parent, Inc. | 2.89% |
| Charles Schwab Corporation, The | 2.86% |
| American International Group, Inc. | 2.85% |
| IQVIA Holdings Inc | 2.83% |
C000153488 Portfolio Allocation
Asset-class allocation of JNL/Harris Oakmark Global Equity Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 95.4% |
| Cash & Equivalents | 4.1% |
C000153488 Performance
Total returns for C000153488 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 4.4% |
| 3 years (annualised) | 4.3% |
| 5 years (annualised) | 16.2% |
C000153488 Risk Information
Risk metrics for C000153488, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 10.8%
C000153488 Costs and Fees
C000153488 costs about $111 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.11%
- Gross expense ratio: 1.11%
- Portfolio turnover: 38%
- Brokerage commissions: 3.88 bps of average net assets (SEC N-CEN)
C000153488 Cashflows
Over the 12 months to 2025-03, JNL/Harris Oakmark Global Equity Fund had net outflows of $295.03M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2025-03 | $5.43M |
| 2025-02 | −$73.88M |
| 2025-01 | −$6.89M |
| 2024-12 | $32.61M |
| 2024-11 | −$5.02M |
| 2024-10 | −$117.32M |
C000153488 Debt Constituents
No individual debt constituents are reported in JNL/Harris Oakmark Global Equity Fund's latest SEC N-PORT filing.
C000153488 Prospectus and SEC Filings
Official JNL/Harris Oakmark Global Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-04-26
- Prospectus (485BPOS) — filed 2023-04-27
- Prospectus (485BPOS) — filed 2022-04-21
- Portfolio holdings (N-PORT) — filed 2025-05-29
- Portfolio holdings (N-PORT) — filed 2025-02-28
- Portfolio holdings (N-PORT) — filed 2024-11-26
- Annual census (N-CEN) — filed 2025-03-14
- Annual census (N-CEN) — filed 2024-03-14
Related Funds
Other Global (incl. US) Mid 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.