JNL/Invesco Diversified Dividend Fund
JNL Series Trust
Expense ratio
Net assets1
$795.30M
Holdings1
75
Category
US Equity
Return

Investment objective & strategy

As of April 24, 2025 · prospectus

Objective. The investment objective of the Fund is to seek long-term growth of capital and,

Strategy. The Fund invests primarily in dividend-paying equity securities. The principal type of equity security in which the Fund invests is common stock. The Fund invests in securities that Invesco Advisers, Inc. (Invesco or Sub-Adviser) believes are undervalued based on various valuation measures. The Fund may invest up to 25% of its net assets in securities of foreign issuers. In selecting investments, Invesco seeks to identify dividend-paying issuers with strong profitability, solid balance sheets and capital allocation policies that support sustained or increasing dividends and share repurchases. Through fundamental research, financial statement analysis and the use of several valuation techniques, Invesco estimates a target price for each security over a 2-3 year investment horizon. Invesco seeks to manage risk by utilizing … The Fund invests primarily in dividend-paying equity securities. The principal type of equity security in which the Fund invests is common stock. The Fund invests in securities that Invesco Advisers, Inc. (Invesco or Sub-Adviser) believes are undervalued based on various valuation measures. The Fund may invest up to 25% of its net assets in securities of foreign issuers. In selecting investments, Invesco seeks to identify dividend-paying issuers with strong profitability, solid balance sheets and capital allocation policies that support sustained or increasing dividends and share repurchases. Through fundamental research, financial statement analysis and the use of several valuation techniques, Invesco estimates a target price for each security over a 2-3 year investment horizon. Invesco seeks to manage risk by utilizing a valuation framework, careful stock selection and a rigorous buy-and-sell discipline and incorporate an assessment of the potential reward relative to the downside risk to determine a fair valuation over the investment horizon. When evaluating cyclical businesses, Invesco seeks companies that have normalized earnings power greater than that implied by their current market valuation and that return capital to shareholders via dividends and share repurchases. Invesco then constructs a portfolio that it believes provides the best total return profile, which is created by seeking a combination of price appreciation potential, dividend income and capital preservation. Invesco maintains a rigorous sell discipline and considers selling or trimming a position in a stock when it no longer materially meets Invescos investment criteria, including when (1) a stock reaches its fair valuation (target price); (2) a companys fundamental business prospects deteriorate; or (3) a more attractive investment opportunity presents itself.

Top holdings

As of March 31, 2026 · N-PORT
SecurityTickerValue% of fund
JNL Government Money Market Fund $45.26M 5.69%
JPMORGAN CHASE and CO $29.38M 3.69%
CHEVRON CORP $24.37M 3.06%
JOHNSON&JOHNSON $21.37M 2.69%
ALPHABET INC CL A $21.04M 2.65%
BANK OF AMERICA CORPORATION $20.19M 2.54%
PHILIP MORRIS INTL INC $16.78M 2.11%
LINDE PLC $16.76M 2.11%
CISCO SYSTEMS INC $16.60M 2.09%
LOWES COS INC $15.93M 2.00%
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Allocation by sector

As of March 31, 2026 · N-PORT
View portfolio breakdown →

Portfolio moves

Dec 31, 2025 → Mar 31, 2026
Opened
13
Exited
15
Increased
12
Decreased
28
Unchanged
22

How 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.

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Similar funds

Funds whose portfolios most overlap this one, by weight
FundOverlapNet exp.
Invesco V.I. Diversified Dividend Fund 79% 0.68%
Invesco Diversified Dividend Fund · LCEAX, LCEVX, DDFIX, DDFRX, LCEIX, LCEYX, LCEFX 72% 0.47%
Invesco Dividend Income Fund · IAUTX, IUTCX, FSTUX, FSIUX, IAUYX, IFUTX 63% 0.60%
View all similar funds →

Advisers

As of December 31, 2025 · N-CEN
FirmRole
Invesco Advisers, Inc. Sub-adviser
Jackson National Asset Management, LLC Adviser

Footnotes

  1. Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.

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