JNL Multi-Manager Mid Cap Fund
Data updated: 2026-08-26
C000172890 — JNL Multi-Manager Mid Cap Fund. United States Mid Cap Blend / Core Equity · $1.12B AUM. Holdings, fees, performance and SEC filings.
C000172890 Fund Overview
JNL Multi-Manager Mid Cap Fund is a US mutual fund managed by JNL Series Trust, categorised as United States 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: United States Mid Cap Blend / Core Equity
- Assets under management: $1.12B
- 1-year return: 4.7%
- SEC CIK: 0000933691
- SEC series ID: S000054971
- Share class ID: C000172890
C000172890 Investment Objective and Strategy
JNL Multi-Manager Mid Cap 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 capital appreciation and long-term total return.
Principal investment strategy
The Fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its assets (net assets plus the amount of any borrowings for investment purposes) in the equity securities of mid-capitalization companies that, when purchased, have market capitalizations within the range of companies in the Morningstar US Mid Cap Index. As of December 31, 2025, the Morningstar US Mid Cap Index included companies with market capitalizations from approximately $2.14 billion to $108.96 billion. The Fund has flexibility in the relative weighting of each asset class and expects to vary the percentages of assets invested in each asset class from time to time. JNAMs allocations to the underlying Sub-Advisers will be a function of a variety of factors including each underlying strategys expected returns, volatility, correlation, and contribution to the Funds overall risk profile.
Four unaffiliated investment managers (Sub-Advisers) generally provide day to day management for a portion of the Funds assets (each portion is sometimes referred to as a sleeve). Each Sub-Adviser may use different investment strategies in managing Fund assets, acts independently from the others, and uses its own methodology for selecting investments. Jackson National Asset Management, LLC (JNAM or Adviser) is responsible for identifying and retaining the Sub-Advisers for the selected strategies and for monitoring the services provided by the Sub-Advisers. JNAM provides qualitative and quantitative supervision as part of its process for selecting and monitoring the Sub-Advisers. JNAM is also responsible for selecting the Funds investment strategies and for determining the amount of Fund assets to allocate to each Sub-Adviser.
Based on JNAMs ongoing evaluation of the Sub-Advisers, JNAM may adjust allocations among Sub-Advisers. JNAM also may choose to allocate the Funds assets to additional Sub-Advisers or to replace/remove Sub-Advisers in the future. There is no assurance that any or all of the strategies discussed in this prospectus will be used by JNAM or the Sub-Advisers. JNAM may also manage Fund assets directly to seek to enhance returns, or to hedge and to manage the Funds cash and short-term instruments. Below are the principal investment strategies for each Sub-Advisers strategy, but the Sub-Advisers may also implement other investment strategies in keeping with their respective strategys objective. Champlain Strategy Champlain Investment Partners, LLC (Champlain) invests mainly in common stocks of medium-sized companies that it believes have strong long-term fundamentals, superior capital appreciation potential and attractive valuations.
Kayne Anderson Rudnick Strategy Kayne Anderson Rudnick Investment Management, LLC (KAR) constructs the KAR Strategy by investing in a select group of medium market capitalization companies that KAR believes to be undervalued relative to their future growth potential. The investment strategy emphasizes companies KAR believes to have a sustainable competitive advantage, which in KARs view are companies that exhibit a number of traits, including but not limited to: strong management, low financial risk, and the ability to grow over multiple market cycles. Although the KAR Strategy invests primarily in U.S. companies, it may invest in foreign securities and depositary receipts. River Road Strategy River Road Asset Management, LLC (River Road) primarily invests in equity securities of mid-capitalization companies that River Road believes are undervalued.
The River Road Strategy may invest a portion of its assets in companies of other market capitalizations (measured at the time of acquisition), real estate investment trusts (REITs), and foreign securities. Victory Sycamore Strategy Victory Capital Management Inc., through its investment franchise, Sycamore Capital, (Victory Capital) invests in equity securities of mid-capitalization companies. The Victory Sycamore Strategy may invest a portion of its assets in equity securities of foreign companies traded on U.S. exchanges, including American and Global Depositary Receipts (ADRs and GDRs). Victory Capital invests in companies that it believes to be high quality based on criteria such as market share position, profitability, balance sheet strength, competitive advantages, management competence and the ability to generate excess cash flow.
Victory Capital uses a bottom-up investment process in conducting fundamental analysis to identify companies that have sustainable returns trading below Victory Capitals assessment of intrinsic value and prospects for an inflection in business fundamentals that will enable the stock price to be revalued higher. Victory Capital may sell a security if it believes the stock has reached its fair value estimate, if a more attractive opportunity is identified, or if the fundamentals of the company deteriorate.
C000172890 Holdings
Top 10 holdings of JNL Multi-Manager Mid Cap Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| JNL Mid Cap Index Fund | 4.88% |
| JNL Government Money Market Fund | 2.30% |
| Labcorp Holdings Inc. | 2.04% |
| Amrize AG | 1.47% |
| StandardAero, Inc. | 1.15% |
| Comfort Systems USA, Inc. | 1.10% |
| AptarGroup, Inc. | 1.07% |
| Keysight Technologies, Inc. | 1.04% |
| BJ's Wholesale Club Holdings, Inc. | 1.02% |
| Hilton Worldwide Holdings Inc. | 0.98% |
C000172890 Portfolio Allocation
Asset-class allocation of JNL Multi-Manager Mid Cap Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 97.7% |
| Cash & Equivalents | 2.7% |
C000172890 Performance
Total returns for C000172890 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 3.9% |
| 1 year | 4.7% |
| 3 years (annualised) | 5.8% |
| 5 years (annualised) | 2.8% |
C000172890 Risk Information
Risk metrics for C000172890, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 9.8%
C000172890 Costs and Fees
C000172890 costs about $106 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.06%
- Gross expense ratio: 1.06%
- Portfolio turnover: 85%
- Brokerage commissions: 5.16 bps of average net assets (SEC N-CEN)
C000172890 Cashflows
Over the 12 months to 2026-06, JNL Multi-Manager Mid Cap Fund had net outflows of $177.37M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$13.81M |
| 2026-05 | −$11.23M |
| 2026-04 | −$12.96M |
| 2026-03 | −$14.21M |
| 2026-02 | −$14.29M |
| 2026-01 | −$13.93M |
C000172890 Debt Constituents
No individual debt constituents are reported in JNL Multi-Manager Mid Cap Fund's latest SEC N-PORT filing.
C000172890 Prospectus and SEC Filings
Official JNL Multi-Manager Mid Cap 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 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.