JNL/PPM America Total Return Fund

C000166583 Fund Overview

JNL/PPM America Total Return Fund is a US mutual fund managed by JNL Series Trust, categorised as Long Total / Aggregate 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: Long Total / Aggregate Bond
• Assets under management: $1.26B
• 1-year return: 3.4%
• SEC CIK: 0000933691
• SEC series ID: S000052996
• Share class ID: C000166583

C000166583 Investment Objective and Strategy

JNL/PPM America Total Return 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 realize maximum total return, consistent with the preservation of capital and prudent investment management.

Principal investment strategy

The Fund seeks to achieve its objective by investing under normal circumstances at least 80% of its assets (net assets plus the amount of any borrowings for investment purposes) in a diversified portfolio of fixed-income investments of U.S. and foreign issuers such as government, corporate, mortgage-backed securities and other asset-backed securities and cash equivalents. The Sub-Adviser also invests in collateralized loan obligations. The Funds average portfolio duration normally varies within one year (plus or minus) of the duration of the Bloomberg U.S. Aggregate Index. Duration is a measure of a bond prices sensitivity to a change in interest rates. Generally, the longer a bonds duration, the greater its price sensitivity to a change in interest rates. For example, portfolio duration of one year means that if interest rates increased by one percent, the value of the portfolio would decrease by approximately one percent.

The Fund seeks to manage duration versus the duration of the Bloomberg U.S. Aggregate Index as a reflection of its expectation for future changes in interest rates. The Fund may invest up to 20% of its total assets in securities rated below investment grade (sometimes referred to as high yield securities or junk bonds), including floating rate loans and securities of distressed companies. High yield or junk bonds are bonds that are rated below investment grade (i.e., rated below BBB- or Baa3) by at least one major credit rating agency or, if not rated by any credit rating agency, deemed to be below investment-grade quality by PPM America, Inc. (Sub-Adviser). Investment grade securities could include split-rated securities, which are securities that are rated as investment grade by at least one credit rating agency but rated below investment grade by another agency.

Below investment grade securities offer a higher yield, but generally carry more risks than higher rated securities with similar maturities. As a result, an investment in below investment grade securities is considered speculative. The Fund may invest without limit in U.S. dollar-denominated securities of foreign issuers, up to 15% of which may be issued by issuers based in emerging markets. Emerging markets countries are generally considered to be countries with developing economies or markets and may include any country recognized to be an emerging market country by the International Monetary Fund, MSCI, Inc. or Standard & Poors Corporation or recognized to be a developing country by the United Nations. For purposes of satisfying the 80% requirement, the Fund may also invest in derivative instruments, including commodity-linked derivative instruments, that have economic characteristics similar to the fixed income instruments mentioned above such as futures contracts or swap agreements.

Specifically, the Fund may use treasury futures to hedge or manage duration or to increase or decrease the Funds exposure to interest rate or yield curve risk. The Fund may also use credit default swaps or credit default swap indices (CDX) to increase or decrease the Funds exposure to credit risk or to hedge credit risk in a particular name, industry or sector. The Fund may, subject to applicable law, invest without limitation in derivative instruments. The Fund may, without limitation, seek to obtain market exposure to the securities in which it primarily invests by entering into purchase and sale contracts of mortgage pools or by using other investment techniques, subject to applicable law, (such as dollar rolls). Additionally, the Fund has the ability to invest in other investment companies, such as exchange-traded funds (ETFs), money market funds, unit investment trusts and open-end and closed-end funds, including affiliated investment companies.

The Fund may also invest in contingent convertible securities, sometimes referred to as CoCos. CoCos are a form of hybrid debt security issued by banking institutions that are intended to either automatically convert into equity or have their principal written down upon the occurrence of certain pre-specified trigger events.

C000166583 Holdings

Top 10 holdings of JNL/PPM America Total Return Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000166583 holdings

C000166583 Portfolio Allocation

Asset-class allocation of JNL/PPM America Total Return Fund by percentage of net assets, from the latest SEC N-PORT filing.

C000166583 Performance

Total returns for C000166583 (as of 2026-10-01), from SEC filings.

C000166583 Risk Information

Risk metrics for C000166583, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 2.9%

C000166583 Costs and Fees

C000166583 costs about $79 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.79%
• Gross expense ratio: 0.79%
• Portfolio turnover: 106%
• Brokerage commissions: 0.46 bps of average net assets (SEC N-CEN)

C000166583 Cashflows

Over the 12 months to 2026-06, JNL/PPM America Total Return Fund had net outflows of $224.04M, from monthly SEC N-PORT filings.

C000166583 Debt Constituents

Largest debt holdings of JNL/PPM America Total Return Fund by percentage of net assets, from the latest SEC N-PORT filing.

C000166583 Prospectus and SEC Filings

Official JNL/PPM America Total Return 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 Long Total / Aggregate Bond funds tracked on ABC INVEST:

• Dodge & Cox Income Fund (DODIX)
• Bond Fund Of America (ABNDX)
• Fidelity U.S. Bond Index Fund (FUBFX)
• Baird Aggregate Bond Fund (BAGIX)
• PGIM Total Return Bond Fund (PDBAX)

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.