JNL/PPM America Floating Rate Income Fund
Data updated: 2026-08-26
C000192211 — JNL/PPM America Floating Rate Income Fund. Intermediate Corporate Bond · $925.51M AUM. Holdings, fees, performance and SEC filings.
C000192211 Fund Overview
JNL/PPM America Floating Rate 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: $925.51M
- 1-year return: 3.6%
- SEC CIK: 0000933691
- SEC series ID: S000030878
- Share class ID: C000192211
C000192211 Investment Objective and Strategy
JNL/PPM America Floating Rate 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 to provide total return through a combination of current income and long-term capital appreciation.
Principal investment strategy
In the section, Summary Overview of Each Fund , under Principal Investment Strategies , please delete the third paragraph in the entirety and replace with the following: The Fund consists of four strategies, sometimes referred to as sleeves. Three sleeves are managed by unaffiliated investment managers, Artisan Partners Limited Partnership (Artisan Partners), FIAM LLC (FIAM), and Neuberger Berman Investment Advisers LLC (NBIA), and the other sleeve is managed by an affiliated investment manager, PPM America, Inc. (PPM, and together with Artisan Partners, FIAM, and NBIA, the Sub-Advisers). Each Sub-Adviser generally provides day-to-day management for a portion of the Funds assets. In the section, Summary Overview of Each Fund , under Principal Investment Strategies , after the fifth paragraph please add the following: Artisan Partners Strategy Artisan Partners constructs the Artisan Partners Strategy by primarily investing in floating rate debt instruments that are attractively valued, such as floating rate leveraged loans, which could include, among other types of loans, senior secured loans, unsecured loans, second lien loans, bridge loans, and junior loans.
The Artisan Partners Strategy seeks to invest in issuers with high quality business models that have compelling risk-adjusted return characteristics. The Artisan Partners Strategy will invest primarily in instruments that are rated, at the time of purchase, below investment grade (below BBB- by Standard & Poors Rating Services (S&P) or Fitch, Inc. (Fitch) or below Baa3 by Moodys Investors Service, Inc. (Moodys)), or comparably rated by another nationally recognized statistical rating organization (NRSRO), or unrated but determined by Artisan Partners to be of comparable quality, commonly known as junk bonds. Although the Artisan Partners Strategy expects to primarily invest in instruments that are rated below investment grade (or unrated but determined by Artisan Partners to be of comparable quality), the Artisan Partners Strategy may invest without limit in instruments of any credit quality, including investment grade instruments and securities of stressed or distressed issuers.
The Artisan Partners Strategy may invest in debt securities of any maturity. The Artisan Partners Strategy may invest without limit in securities and other instruments of U.S. and non-U.S. issuers, including issuers economically tied to emerging market countries, securities traded principally outside of the U.S., and securities denominated in currencies other than the U.S. dollar. The Artisan Partners Strategy usually seeks (but is not required) to hedge against the risk of loss resulting from currency fluctuation. The Artisan Partners Strategy also may invest in other corporate fixed income instruments of varying maturities, including fixed-rate instruments, debentures, notes, commercial paper and other types of corporate debt instruments across the credit quality spectrum, such as stressed and distressed debt securities.
The Artisan Partners Strategy may invest in private placements and other restricted securities (i.e., securities that are purchased in private placements and, accordingly, are subject to restrictions on resale as a matter of contract or under federal securities laws). The Artisan Partners Strategy may use derivatives for investment, duration management, or hedging purposes, or with the purpose or effect of creating investment leverage. The Artisan Partners Strategy may also use derivatives to manage liquidity risk. The Artisan Partners Strategys investments in derivative instruments may include investments in, among other instruments, futures contracts, swap contracts, and certain currency instruments such as currency forward contracts and currency swap contracts. In the sections, Summary Overview of Each Fund and Additional Information About Each Fund , under Principal Investment Strategies , please change all references to the FIAM Floating Rate Strategy to the FIAM Strategy and move the strategy to below the Artisan Partners Strategy.
In the section, Summary Overview of Each Fund , under Principal Investment Strategies , after the FIAM Strategy , please add the following: NBIA Strategy NBIA constructs the NBIA Strategy by investing mainly in floating rate senior secured loans issued in U.S. dollars by U.S. and foreign corporations, partnerships and other business entities (borrowers). These loans are often at the time of investment below investment grade securities (commonly known as junk bonds). The NBIA Strategy considers debt securities to be below investment grade if, at the time of investment, they are rated below the four highest categories by at least one independent credit rating agency or, if unrated, are determined to be of comparable quality. Floating interest rates vary with and adjust to reflect changes in a generally recognized base interest rate or the prime rate.
The NBIA Strategy generally seeks to focus on loans of companies that are believed to have the ability to generate cash flow through a full business cycle, maintain adequate liquidity, and have access to both debt and equity capital, but may invest in loans of distressed companies. The NBIA Strategy may also purchase fixed-rate loans, second lien loans, unsecured loans, investment grade and below investment grade fixed income securities, including investment grade short term debt obligations, convertible securities, money market instruments, repurchase agreements, and restricted securities. In the sections, Summary Overview of Each Fund and Additional Information About Each Fund , under Principal Investment Strategies , please change all references to the PPM America Floating Rate Income Strategy to the PPM America Strategy and move the strategy to the end of the section.
C000192211 Holdings
Top 10 holdings of JNL/PPM America Floating Rate Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| JNL Government Money Market Fund | 15.34% |
| Great Outdoors Group, LLC | 1.38% |
| Altice France S.A. | 0.90% |
| UKG Inc. | 0.84% |
| Invesco Senior Loan ETF | 0.79% |
| NEXUS Buyer LLC | 0.78% |
| Acrisure, LLC | 0.76% |
| Athenahealth Group, Inc. | 0.71% |
| GSM Holdings, Inc. | 0.66% |
| Jane Street Group, LLC | 0.66% |
C000192211 Portfolio Allocation
Asset-class allocation of JNL/PPM America Floating Rate Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Loans | 92.5% |
| Cash & Equivalents | 15.3% |
| Fixed Income | 2.6% |
| Equity | 1.0% |
| Securitized | 0.1% |
C000192211 Performance
Total returns for C000192211 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.6% |
| 1 year | 3.6% |
| 3 years (annualised) | 6.9% |
| 5 years (annualised) | 4.8% |
C000192211 Risk Information
Risk metrics for C000192211, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 1.9%
C000192211 Costs and Fees
C000192211 costs about $65 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.65%
- Gross expense ratio: 0.65%
- Portfolio turnover: 52%
- Brokerage commissions: 0.16 bps of average net assets (SEC N-CEN)
C000192211 Cashflows
Over the 12 months to 2026-06, JNL/PPM America Floating Rate Income Fund had net outflows of $111.22M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $64.74M |
| 2026-05 | −$11.65M |
| 2026-04 | −$18.24M |
| 2026-03 | −$13.93M |
| 2026-02 | −$18.35M |
| 2026-01 | −$16.95M |
C000192211 Debt Constituents
Largest debt holdings of JNL/PPM America Floating Rate Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Asurion LLC | 0.26% |
| Arches Buyer Inc. | 0.22% |
| Kioxia Holdings Corporation | 0.20% |
| Photo Holdings, LLC | 0.18% |
| TKC Holdings, Inc. | 0.18% |
| Amynta Agency Borrower Inc. | 0.15% |
| UKG Inc. | 0.12% |
| TKC Holdings, Inc. | 0.11% |
| Skeena Resources Limited | 0.11% |
| VT Topco, Inc. | 0.09% |
C000192211 Prospectus and SEC Filings
Official JNL/PPM America Floating Rate Income 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 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.