JNL/Crescent High Income Fund
Data updated: 2026-05-28
C000166581 — JNL/Crescent High Income Fund. Intermediate Corporate Bond · $244.01M AUM · 0.94% expense ratio. Holdings, fees, performance and SEC filings.
C000166581 Fund Overview
JNL/Crescent High Income Fund is a US mutual fund managed by JNL Series Trust, categorised as Intermediate Corporate Bond. 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: Intermediate Corporate Bond
- Assets under management: $244.01M
- 1-year return: 6.4%
- SEC CIK: 0000933691
- SEC series ID: S000052994
- Share class ID: C000166581
C000166581 Investment Objective and Strategy
JNL/Crescent High Income 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 high current income
Principal investment strategy
"Under normal circumstances, the Fund will invest primarily in high yield fixed-income securities and bank loans that are rated below investment grade. The Fund considers investments to be below investment grade if they are rated BB+ or lower by S&P Global Ratings or Fitch, Inc. and/or Ba1 or lower by Moody's Investors Service, Inc., or, if unrated, deemed to be below investment grade by Crescent Capital Group LP (""Crescent Capital""), the Fund's sub-adviser. Below investment grade fixed-income securities are commonly referred to as ""junk bonds."" The fixed-income securities in which the Fund may invest include high yield bonds, corporate bonds, bank loans, senior loans, fixed or floating rate securities, and preferred stock of domestic or foreign issuers. The Fund also may invest in illiquid securities, including investments in private debt instruments.
The Fund intends to maintain a dollar-weighted average modified duration of three years or less. The Fund may from time-to-time invest up to 5% of its net assets in defaulted corporate securities. The Fund might invest in distressed securities, for example, where Crescent Capital believes the restructured enterprise valuations or liquidation valuations may exceed current market values. Repayment of defaulted securities and obligations of distressed issuers (including insolvent issuers or issuers in payment or covenant default, in workout or restructuring or in bankruptcy or in solvency proceedings) is subject to significant uncertainties. Crescent Capital's investment strategy is to tactically allocate among fixed and floating rate, secured and unsecured, and public and private credit investments to achieve a high level of current income regardless of the overall credit or interest rate environment.
Crescent Capital's investment philosophy is based on a credit-intensive research process that seeks to exploit credit market inefficiencies. The sub-adviser seeks investment opportunities among different types of fixed-income securities and a range of market sectors. Crescent Capital seeks to invest in fixed-income securities issued by companies that demonstrate one or more of the following characteristics: (i) predictable demand and stable cash flows; (ii) competitive positions in well-defined markets niches; (iii) sustainable margins, profitability and growth; (iv) strong financial and managerial controls; and (v) seasoned management teams. The Fund may invest cash balances in other investment companies, including money market funds. The Fund may lend its securities to increase income."
C000166581 Holdings
Top 10 holdings of JNL/Crescent High Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| T. Rowe Price Government Reserve Fund | 3.27% |
| Jackson National Asset Management, LLC | 3.04% |
| South Bow Canadian Infrastructure Holdings Ltd. | 2.01% |
| VICI Properties L.P. | 1.89% |
| Avis Budget Car Rental, LLC | 1.48% |
| Anywhere Real Estate Group LLC | 1.31% |
| Voyager Parent, LLC | 1.29% |
| Bread Financial Payments, Inc. | 1.27% |
| Williams Scotsman, Inc. | 1.26% |
| Aretec Escrow Issuer 2 Inc. | 1.24% |
C000166581 Portfolio Allocation
Asset-class allocation of JNL/Crescent High Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 91.7% |
| Cash & Equivalents | 7.5% |
C000166581 Performance
Total returns for C000166581 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | -0.7% |
| 1 year | 6.4% |
| 3 years (annualised) | 8.1% |
| 5 years (annualised) | 3.1% |
C000166581 Risk Information
Risk metrics for C000166581, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 3.2%
C000166581 Costs and Fees
C000166581 costs about $94 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.94%
- Gross expense ratio: 0.94%
- Portfolio turnover: 125%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000166581 Cashflows
Over the 12 months to 2026-03, JNL/Crescent High Income Fund had net outflows of $263.64M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-03 | −$7.07M |
| 2026-02 | −$645.97K |
| 2026-01 | −$4.61M |
| 2025-12 | −$122.45M |
| 2025-11 | −$5.36M |
| 2025-10 | −$37.59M |
C000166581 Debt Constituents
Largest debt holdings of JNL/Crescent High Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| South Bow Canadian Infrastructure Holdings Ltd. | 2.01% |
| VICI Properties L.P. | 1.89% |
| Avis Budget Car Rental, LLC | 1.48% |
| Anywhere Real Estate Group LLC | 1.31% |
| Voyager Parent, LLC | 1.29% |
| Bread Financial Payments, Inc. | 1.27% |
| Williams Scotsman, Inc. | 1.26% |
| Aretec Escrow Issuer 2 Inc. | 1.24% |
| Oak-Eagle Acquireco, Inc. | 1.17% |
| LATAM Airlines Group S.A. | 1.14% |
C000166581 Prospectus and SEC Filings
Official JNL/Crescent High Income 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
Related Funds
Other Intermediate Corporate Bond 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.