JNL/JPMorgan Hedged Equity Fund
Data updated: 2026-08-26
C000202641 — JNL/JPMorgan Hedged Equity Fund. United States Large Cap Blend / Core Equity · $791.48M AUM. Holdings, fees, performance and SEC filings.
C000202641 Fund Overview
JNL/JPMorgan Hedged Equity Fund is a US mutual fund managed by JNL Series Trust, categorised as United States 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: United States Large Cap Blend / Core Equity
- Assets under management: $791.48M
- 1-year return: 4.8%
- SEC CIK: 0000933691
- SEC series ID: S000062462
- Share class ID: C000202641
C000202641 Investment Objective and Strategy
JNL/JPMorgan Hedged 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 to provide capital appreciation.
Principal investment strategy
The Fund seeks to provide capital appreciation through participation in the broad equity markets while hedging overall market exposure relative to traditional long-only equity strategies. 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. The Fund seeks to achieve its investment objective by investing at least 80% of its assets in an enhanced index, which primarily consist of common stocks of medium to large capitalization companies in the S&P 500 Index (Index). The enhanced index is a portfolio benchmarked to the Index, subject to constraints based on tracking error, individual name holdings, and sector. Because the Fund uses an enhanced index strategy, not all of the stocks in the Index, its primary benchmark, are included in the Fund, and the Funds position in an individual stock may be overweighted or underweighted when compared to the Index.
The Fund will also systematically purchase and sell exchange-traded put options and sell exchange-traded call options, employing an options overlay known as a put/spread collar strategy. The options may be based on the Index or on exchange-traded funds (ETFs) that replicate the Index (S&P 500 ETFs). The combination of the diversified portfolio of equity securities, the downside hedge from long index put options, and the income from the short index call options is intended to provide the Fund with a portion of the returns associated with equity market investments while exposing investors to less risk than traditional long-only equity strategies. Specifically, the Fund seeks to provide a competitive risk-adjusted return over a full market cycle relative to the Index with lower volatility than traditional long-only equity strategies.
The put/spread collar strategy is designed to provide a continuous market hedge for the portfolio (i.e., to minimize loss). The Funds combination of a diversified equity portfolio, with the put/spread collar options overlay strategy is designed to provide greater market protection than other equity investments, but may not always do so, particularly in rising equity markets when the Fund may underperform traditional equity strategies. In addition, as a result of the structure of the options overlay strategy, the Fund is not expected to provide market protection during times of low market volatility; during such periods, the Fund is expected to perform in line with broad equity markets. The Fund may use derivatives, primarily futures contracts, to gain exposure to indexes or certain securities within indexes, to more effectively gain targeted equity exposure from its cash positions and to hedge the Funds portfolio if it is unable to purchase or write the necessary options for its overlay strategy.
To the extent the Fund invests in index futures with exposure to securities in the Index, it may have the effect of increasing the Funds exposure to a relatively small number of securities, making the Fund more sensitive to the economic results of those securities.
C000202641 Holdings
Top 10 holdings of JNL/JPMorgan Hedged Equity Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| JNL Government Money Market Fund | 10.03% |
| NVIDIA Corporation | 7.99% |
| Apple Inc. | 6.44% |
| Microsoft Corporation | 4.76% |
| Amazon.com, Inc. | 4.12% |
| Alphabet Inc. | 3.30% |
| Broadcom Inc. | 2.97% |
| Alphabet Inc. | 2.39% |
| Micron Technology, Inc. | 2.29% |
| Meta Platforms, Inc. | 2.04% |
C000202641 Portfolio Allocation
Asset-class allocation of JNL/JPMorgan Hedged Equity Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.2% |
| Cash & Equivalents | 10.0% |
C000202641 Performance
Total returns for C000202641 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | -2.0% |
| 1 year | 4.8% |
| 3 years (annualised) | 8.1% |
| 5 years (annualised) | 6.4% |
C000202641 Risk Information
Risk metrics for C000202641, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 7.1%
C000202641 Costs and Fees
C000202641 costs about $96 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.96%
- Gross expense ratio: 0.96%
- Portfolio turnover: 30%
- Brokerage commissions: 1.82 bps of average net assets (SEC N-CEN)
C000202641 Cashflows
Over the 12 months to 2026-06, JNL/JPMorgan Hedged Equity Fund had net outflows of $144.17M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$14.70M |
| 2026-05 | −$10.02M |
| 2026-04 | −$13.12M |
| 2026-03 | −$9.18M |
| 2026-02 | −$12.52M |
| 2026-01 | −$14.38M |
C000202641 Debt Constituents
No individual debt constituents are reported in JNL/JPMorgan Hedged Equity Fund's latest SEC N-PORT filing.
C000202641 Prospectus and SEC Filings
Official JNL/JPMorgan Hedged Equity 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 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.