JNL/T. Rowe Price Capital Appreciation Fund
Data updated: 2026-08-26
C000218189 — JNL/T. Rowe Price Capital Appreciation Fund. Balanced Allocation · $15.30B AUM. Holdings, fees, performance and SEC filings.
C000218189 Fund Overview
JNL/T. Rowe Price Capital Appreciation Fund is a US mutual fund managed by JNL Series Trust, categorised as Balanced Allocation. 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: Balanced Allocation
- Assets under management: $15.30B
- 1-year return: 10.6%
- SEC CIK: 0000933691
- SEC series ID: S000068115
- Share class ID: C000218189
C000218189 Investment Objective and Strategy
JNL/T. Rowe Price Capital Appreciation 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 by investing primarily in common stocks. It may also hold fixed income and other securities to help preserve principal value.
Principal investment strategy
The Fund seeks to achieve its investment objective by investing, under normal circumstances, at least 50% of its total assets in common stocks. The remaining assets are generally invested in corporate and government debt (including mortgage- and asset-backed securities) and bank loans (which represent an interest in amounts owed by a borrower to a syndicate of lenders), in keeping with the Funds objective. The Fund may invest up to 25% of its total assets in foreign securities. The Funds investments in common stocks generally fall into one of two categories: the larger category comprises long-term core holdings whose prices when T. Rowe Price Associates, Inc., the Funds sub-adviser (Sub-Adviser) buys them are considered low in terms of company assets, earnings, or other factors; the smaller category comprises opportunistic investments whose prices the Sub-Adviser expects to rise in the short term but not necessarily over the long term.
There are no limits on the market capitalization of the issuers of the stocks in which the Fund may invest. Because the Sub-Adviser attempts to prevent losses as well as achieve gains, the Sub-Adviser typically uses a value approach in selecting investments. The Sub-Advisers research team seeks to identify companies that seem undervalued by various measures, such as price/book value, and may be temporarily out of favor but the Sub-Adviser believes have good prospects for capital appreciation. The Sub-Adviser may establish relatively large positions in companies it finds particularly attractive. The Fund may at times invest significantly in certain sectors. In addition, the Sub-Adviser searches for attractive risk/reward values among all types of securities. The portion of the Fund invested in a particular type of security, such as common stocks, results largely from case-by-case investment decisions, and the size of the Funds cash reserves may reflect the Sub-Advisers ability to find companies that meet its valuation criteria rather than its market outlook.
The Fund may purchase bonds, convertible securities and bank loans for their income or other features or to gain additional exposure to a company. Maturity and quality are not necessarily major considerations, and there are no limits on the maturities or credit ratings of the debt instruments in which the Fund may invest. The Fund may not invest more than 30% of its total assets in below investment-grade debt securities (junk bonds) and bank loans combined. If a security is split rated (i.e., rated investment grade by at least one rating agency and noninvestment grade by another rating agency), the higher rating will be used for purposes of this requirement.
C000218189 Holdings
Top 10 holdings of JNL/T. Rowe Price Capital Appreciation Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| T. Rowe Price Government Reserve Fund | 4.48% |
| Amazon.com, Inc. | 3.55% |
| Microsoft Corporation | 3.50% |
| NVIDIA Corporation | 2.99% |
| Alphabet Inc. | 2.78% |
| Broadcom Inc. | 2.69% |
| CenterPoint Energy, Inc. | 2.67% |
| Meta Platforms, Inc. | 2.65% |
| Treasury, United States Department of | 2.50% |
| Advanced Micro Devices, Inc. | 2.33% |
C000218189 Portfolio Allocation
Asset-class allocation of JNL/T. Rowe Price Capital Appreciation Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 63.5% |
| Fixed Income | 23.7% |
| Loans | 8.5% |
| Cash & Equivalents | 4.6% |
C000218189 Performance
Total returns for C000218189 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 5.1% |
| 1 year | 10.6% |
| 3 years (annualised) | 11.9% |
| 5 years (annualised) | 8.1% |
C000218189 Risk Information
Risk metrics for C000218189, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 8.7%
C000218189 Costs and Fees
C000218189 costs about $95 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.95%
- Gross expense ratio: 0.95%
- Portfolio turnover: 124%
- Brokerage commissions: 1.81 bps of average net assets (SEC N-CEN)
C000218189 Cashflows
Over the 12 months to 2026-06, JNL/T. Rowe Price Capital Appreciation Fund had net outflows of $728.18M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$165.45M |
| 2026-05 | −$142.33M |
| 2026-04 | $476.46M |
| 2026-03 | −$145.96M |
| 2026-02 | −$152.21M |
| 2026-01 | −$125.76M |
C000218189 Debt Constituents
Largest debt holdings of JNL/T. Rowe Price Capital Appreciation Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Treasury, United States Department of | 2.50% |
| Treasury, United States Department of | 2.06% |
| Treasury, United States Department of | 2.03% |
| Treasury, United States Department of | 1.70% |
| Treasury, United States Department of | 1.57% |
| Treasury, United States Department of | 1.57% |
| Treasury, United States Department of | 1.23% |
| Treasury, United States Department of | 1.11% |
| Treasury, United States Department of | 0.99% |
| HUB International Limited | 0.87% |
C000218189 Prospectus and SEC Filings
Official JNL/T. Rowe Price Capital Appreciation 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 Balanced Allocation 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.