JNL/GQG Emerging Markets Equity Fund

Data updated: 2026-08-26

C000192059 — JNL/GQG Emerging Markets Equity Fund. Emerging Markets Large Cap Blend / Core Equity · $728.54M AUM. Holdings, fees, performance and SEC filings.

C000192059 Fund Overview

JNL/GQG Emerging Markets Equity Fund is a US mutual fund managed by JNL Series Trust, categorised as Emerging Markets Large 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: Emerging Markets Large Cap Blend / Core Equity
Assets under management: $728.54M
1-year return: 9.4%
SEC CIK: 0000933691
SEC series ID: S000058488
Share class ID: C000192059

C000192059 Investment Objective and Strategy

JNL/GQG Emerging Markets 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 long-term capital appreciation.

Principal investment strategy

Under normal circumstances, the Fund invests at least 80% of its assets (net assets plus the amount of any borrowings for investment purposes) in equity securities of emerging market companies. The equity securities in which the Fund invests are primarily publicly traded common stocks but may also include warrants and preferred stocks. For purposes of the Funds 80% investment policy, equity securities also include depositary receipts (including unsponsored depositary receipts and American Depositary Receipts (ADRs), European Depositary Receipts (EDRs) and Global Depositary Receipts (GDRs)), which are certificates typically issued by a bank or trust company that represent ownership interests in securities of non-U.S. companies, and participation notes (P-Notes), which are derivative instruments designed to replicate equity exposure in certain foreign markets where direct investment is either impossible or difficult due to local investment restrictions.

The Fund may invest in initial public offerings (IPOs) and securities of companies with any market capitalization. Certain instruments in which the Fund invests may be illiquid or thinly-traded securities. The Fund may invest in exchange traded funds (ETFs), including commodity ETFs that provide exposure to or invest in gold. The Fund may also invest in A Shares of companies based in the Peoples Republic of China (China) that trade on the Shanghai Stock Exchange and the Shenzhen Stock Exchange through the Shanghai Hong Kong and Shenzhen Hong Kong Stock Connect programs (Stock Connect). Stock Connect is a mutual stock market access program designed to, among other things, enable foreign investments in China. The Fund considers a company to be an emerging market company if: (i) at least 50% of the companys assets are located in emerging market countries; (ii) at least 50% of the companys revenue is generated in emerging market countries; (iii) the company is organized, conducts its principal operations, or maintains its principal place of business or principal manufacturing facilities in an emerging market country; (iv) the companys securities are traded principally in an emerging market country; or (v) GQG Partners LLC (Sub-Adviser) otherwise believes that the companys assets are exposed to the economic fortunes and risks of emerging market countries (because, for example, the Sub-Adviser believes that the companys growth is dependent on emerging market countries).

The Fund considers classifications by the World Bank, the International Finance Corporation, the International Monetary Fund and the Funds benchmark index provider in determining whether a country is an emerging market country. Emerging market countries generally include every country in the world except the U.S., Canada, Japan, Australia, New Zealand, and most of the countries in Western Europe. From time to time, the Fund may focus its investments in a particular country or geographic region. In managing the Funds investments, the Sub-Adviser pursues a growth style of investing through which it seeks to capture market upside while limiting downside risk through full market cycles by combining a rigorous screening process with fundamental analyses to seek to identify and invest in companies that the Sub-Adviser believes have favorable long-term economic prospects.

Specifically, the Sub-Adviser seeks to buy companies that it believes are reasonably priced, have strong fundamental business characteristics, sustainable relative earnings growth and the ability to outperform peers over a full market cycle, and can sustain the value of their securities in a market downturn. The Sub-Adviser may also purchase stocks that do not fall into the traditional growth style box. The Sub-Adviser may sell a company if it believes that the companys long-term competitive advantage or relative earnings growth prospects have deteriorated, or the Sub-Adviser has otherwise lost conviction in the company. The Sub-Adviser also may sell a company if the company has met its price target or is involved in a business combination, if the Sub-Adviser identifies a more attractive investment opportunity, or the Sub-Adviser wishes to reduce the Funds exposure to the company or a particular country or geographic region.

The Fund is classified as a non-diversified fund, as defined in the Investment Company Act of 1940, as amended (the 1940 Act), which means that it may invest more of its assets in fewer issuers than diversified mutual funds.

C000192059 Holdings

Top 10 holdings of JNL/GQG Emerging Markets Equity Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.

Holding	% of net assets
Taiwan Semiconductor Manufacturing Company Limited	9.90%
Petroleo Brasileiro S/A Petrobras.	4.03%
Petroleo Brasileiro S/A Petrobras.	3.58%
TotalEnergies SE	3.30%
Philip Morris International Inc.	3.06%
Adani Power Limited	2.98%
AIA Group Limited	2.95%
Centrais Eletricas Brasileiras S/A - Eletrobras	2.56%
Bharti Airtel Limited	2.38%
Bp P.l.c.	2.25%

View all C000192059 holdings

C000192059 Portfolio Allocation

Asset-class allocation of JNL/GQG Emerging Markets Equity Fund by percentage of net assets, from the latest SEC N-PORT filing.

Asset class	Allocation
Equity	98.5%
Cash & Equivalents	4.2%

C000192059 Performance

Total returns for C000192059 (as of 2026-10-01), from SEC filings.

Period	Total return
YTD	4.2%
1 year	9.4%
3 years (annualised)	11.2%
5 years (annualised)	2.9%

C000192059 Risk Information

Risk metrics for C000192059, derived from monthly returns in SEC filings.

1-year volatility (annualised): 13.0%

C000192059 Costs and Fees

C000192059 costs about $104 per $10,000 invested per year in fund expenses.

Net expense ratio: 1.04%
Gross expense ratio: 1.04%
Portfolio turnover: 70%
Brokerage commissions: 9.89 bps of average net assets (SEC N-CEN)

C000192059 Cashflows

Over the 12 months to 2026-06, JNL/GQG Emerging Markets Equity Fund had net outflows of $206.34M, from monthly SEC N-PORT filings.

Month	Net flow
2026-06	−$5.67M
2026-05	−$2.82M
2026-04	−$10.46M
2026-03	−$13.56M
2026-02	−$7.68M
2026-01	−$7.17M

C000192059 Debt Constituents

No individual debt constituents are reported in JNL/GQG Emerging Markets Equity Fund's latest SEC N-PORT filing.

C000192059 Prospectus and SEC Filings

Official JNL/GQG Emerging Markets Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Emerging Markets Large 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.