Investment objective & strategy
As of April 24, 2025 · prospectusObjective. The JNL/American Funds Growth-Income Fund (Fund or Feeder Fund) seeks long-term growth of capital and income through exclusive investment in the shares of the American Funds Insurance Series - Growth-Income Fund SM (Master Fund).
Strategy. The Fund operates as a feeder fund and seeks to achieve its goal by investing all of its assets in Class 1 shares of the Master Fund. The Master Fund invests primarily in common stocks or other securities that the investment adviser to the Master Fund believes demonstrate the potential for appreciation and/or dividends. Although the Master Fund focuses on investments in medium to larger capitalization companies, the Master Funds investments are not limited to a particular capitalization size. The Master Fund may invest up to 15% of its assets outside the United States, including those located in emerging market countries. The Master Fund uses a system of multiple portfolio managers in managing the Master Funds assets. Under this approach, … The Fund operates as a feeder fund and seeks to achieve its goal by investing all of its assets in Class 1 shares of the Master Fund. The Master Fund invests primarily in common stocks or other securities that the investment adviser to the Master Fund believes demonstrate the potential for appreciation and/or dividends. Although the Master Fund focuses on investments in medium to larger capitalization companies, the Master Funds investments are not limited to a particular capitalization size. The Master Fund may invest up to 15% of its assets outside the United States, including those located in emerging market countries. The Master Fund uses a system of multiple portfolio managers in managing the Master Funds assets. Under this approach, the portfolio of the Master Fund is divided into segments managed by individual managers. The Master Fund relies on the professional judgment of its investment adviser to make decisions about the Master Funds portfolio investments. The basic investment philosophy of the Master Funds investment adviser is to seek to invest in attractively valued companies that, in its opinion, represent good, long-term investment opportunities. Securities may be sold when the investment adviser believes that they no longer represent relatively attractive investment opportunities.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| AMERICAN FUNDS INSURANCE SERIES - GROWTH-INCOME FUND CL 1 (VIGI CL 1) | VAGRI1V | $11.73B | 100.06% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| American Growth-Income Trust · JAHQX, JAHRX, JAHUX | 100% | 0.56% |
| SA American Funds Growth-Income Portfolio | 100% | 0.56% |
| NVIT American Funds Growth-Income Fund | 100% | 0.66% |
Advisers
| Firm | Role |
|---|---|
| Jackson National Asset Management, LLC | Adviser |
Footnotes
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
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