JNL/Neuberger Berman Gold Plus Strategy Fund
Data updated: 2026-08-26
C000234523 — JNL/Neuberger Berman Gold Plus Strategy Fund. Commodity · $102.05M AUM · 1.14% expense ratio. Holdings, fees, performance and SEC filings.
C000234523 Fund Overview
JNL/Neuberger Berman Gold Plus Strategy Fund is a US mutual fund managed by JNL Series Trust, categorised as Commodity. 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: Commodity
- Assets under management: $102.05M
- 1-year return: 18.3%
- SEC CIK: 0000933691
- SEC series ID: S000075430
- Share class ID: C000234523
C000234523 Investment Objective and Strategy
JNL/Neuberger Berman Gold Plus Strategy 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 total return.
Principal investment strategy
Under normal conditions, the Fund will primarily invest in gold futures contracts that provide investment exposure to gold and in fixed-income instruments. The Fund may also invest in exchange-traded funds (ETFs) that provide investment exposure to physical gold. The Fund concentrates its investments in the metals and mining industry and therefore invests 25% or more of its total assets in such industry. The Fund may also invest in derivatives and ETFs that provide investment exposure to precious metals, including, but not limited to, silver, platinum, and palladium. Because gold is a commodity, the Fund seeks to gain long exposure to the commodity markets by investing, directly or indirectly, in futures contracts on individual commodities and other commodity-linked derivative instruments.
The performance of these commodity-linked derivative instruments is expected to correspond to the performance of the commodity underlying the derivative instrument, without requiring the Fund to invest directly in commodities. For purposes of calculating the Funds exposure to gold, the Funds investments in gold futures contracts are based on the notional value. Fund assets not invested in commodity-linked derivative instruments, other commodity-related instruments, or exchange-traded funds that provide investment exposure to commodities will be invested in fixed income securities, cash or cash equivalent instruments, or money market mutual funds. The Fund may hold commodity-linked derivative instruments that provide leveraged exposure to commodities so that the Funds investment exposure to commodities (through their use of commodity-linked derivative instruments) may, at times, equal or slightly exceed the Funds net assets.
In managing the Funds commodity investments, the Funds sub-adviser, Neuberger Berman Investment Advisers LLC (the Sub-Adviser) primarily seeks exposure to the gold commodity. The Sub-Adviser will also incorporate a marginal mix of investments with exposures to precious metal commodities and bitcoin futures to seek to diversify the Funds investment exposure. To gain exposure to gold and other precious metals commodities, the Fund will invest in futures contracts that are typically within 1 year to expiration. To gain exposure to bitcoin, the Fund may invest in cash-settled bitcoin futures contracts traded on the Chicago Mercantile Exchange (CME) that are typically within 1 year to expiration. The Fund may also invest in physical bitcoin exchange-traded funds (ETFs) to gain exposure to bitcoin.
The Fund will not directly invest in bitcoin or other cryptocurrencies, but may invest in bitcoin through ETFs as described in this paragraph. The Fund may invest up to 5% of its total assets in assets linked to bitcoin, which are either physical bitcoin ETFs or cash-settled bitcoin futures traded on the CME, which is a futures exchange registered with the Commodity Futures Trading Commission (CFTC). Bitcoin is a digital currency, which is a means of payment that exists in a purely electronic form and is accounted for and transferred using online systems. Due to market appreciation or other fluctuations in the Funds net asset level, the Funds investments in cash-settled bitcoin futures traded on the CME as well as physical bitcoin ETFs may be rebalanced on a monthly basis. The Funds fixed income investments will be mainly in investment grade fixed income securities and are intended to provide liquidity and limit downside risk to capital and may serve as collateral for the Funds derivative instruments.
These may include fixed income securities issued by the U.S. Government and its agencies and instrumentalities, bank certificates of deposit, mortgage-backed securities, asset-backed securities, and corporate securities. The Fund considers fixed income securities to be investment grade if, at the time of investment, they are rated within the four highest categories by at least one independent credit rating agency or, if unrated, are determined by the Sub-Adviser to be of comparable quality. The Fund may invest in cash or cash equivalent instruments. Because the Fund will use derivatives to gain exposure to gold and other precious metals, as well as cash-settled bitcoin futures traded on the CME, and because derivatives may not require the Fund to deposit the full notional amount of the investment, the Fund may invest a significant amount of its assets in money market mutual funds or other fixed income instruments, as described above.
The Funds use of commodity-linked derivative instruments to obtain long exposure to the commodity markets may result in leverage, which amplifies the risks that are associated with the commodities underlying the derivative instruments. The Funds aggregate investment exposure, as measured on a notional basis, may be greater than 100% of the Funds total assets from time to time. Although the Fund invests primarily in domestic securities and other instruments, it may also invest in foreign securities and other instruments. In an effort to achieve its goal, the Fund may engage in active and frequent trading.
C000234523 Holdings
Top 10 holdings of JNL/Neuberger Berman Gold Plus Strategy Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Treasury, United States Department of | 4.55% |
| JNL Government Money Market Fund | 3.39% |
| Morgan Stanley Bank, N.A. | 3.37% |
| iShares Bitcoin Trust ETF | 2.99% |
| JPMorgan Chase & Co. | 2.72% |
| Caterpillar Financial Services Corporation | 2.50% |
| Bank of America Corporation | 2.50% |
| The Bank Of New York Mellon Corporation | 2.37% |
| U.S. Bank National Association | 2.35% |
| Wells Fargo & Company | 2.34% |
C000234523 Portfolio Allocation
Asset-class allocation of JNL/Neuberger Berman Gold Plus Strategy Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 83.1% |
| Cash & Equivalents | 7.9% |
| Equity | 3.0% |
C000234523 Performance
Total returns for C000234523 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | -9.4% |
| 1 year | 18.3% |
| 3 years (annualised) | 25.5% |
C000234523 Risk Information
Risk metrics for C000234523, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 26.1%
C000234523 Costs and Fees
C000234523 costs about $114 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.14%
- Gross expense ratio: 1.14%
- Portfolio turnover: 66%
- Brokerage commissions: 1.09 bps of average net assets (SEC N-CEN)
C000234523 Cashflows
Over the 12 months to 2026-06, JNL/Neuberger Berman Gold Plus Strategy Fund had net inflows of $10.96M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$2.81M |
| 2026-05 | −$6.42M |
| 2026-04 | −$2.51M |
| 2026-03 | −$2.35M |
| 2026-02 | $700.32K |
| 2026-01 | $10.27M |
C000234523 Debt Constituents
Largest debt holdings of JNL/Neuberger Berman Gold Plus Strategy Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Morgan Stanley Bank, N.A. | 3.37% |
| JPMorgan Chase & Co. | 2.72% |
| Caterpillar Financial Services Corporation | 2.50% |
| Bank of America Corporation | 2.50% |
| The Bank Of New York Mellon Corporation | 2.37% |
| U.S. Bank National Association | 2.35% |
| Wells Fargo & Company | 2.34% |
| Abbott Laboratories | 2.25% |
| Truist Bank | 2.08% |
| Citigroup Inc. | 2.04% |
C000234523 Prospectus and SEC Filings
Official JNL/Neuberger Berman Gold Plus Strategy 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 Commodity 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.