JNL/T. Rowe Price Capital Appreciation Equity Fund
JNL Series Trust
Expense ratio
Net assets1
$904.03M
Holdings1
94
Category
US Equity
Return

Investment objective & strategy

As of April 24, 2025 · prospectus

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

Strategy. The Fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its assets (net assets plus the amount of any borrowings made for investment purposes) in equity securities. The equity securities in which the Fund invests include common stocks, securities convertible into common or preferred stocks and warrants and equity-related instruments. The Fund may purchase the stocks of companies of any size but typically focuses on large U.S. companies. T. Rowe Price Associates, Inc., the Funds sub-adviser (Sub-Adviser) takes a core approach to stock selection, which means that the Sub-Adviser uses both growth and value styles of investing. The Sub-Adviser typically constructs the portfolio in a bottom up manner, an approach that focuses more … The Fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its assets (net assets plus the amount of any borrowings made for investment purposes) in equity securities. The equity securities in which the Fund invests include common stocks, securities convertible into common or preferred stocks and warrants and equity-related instruments. The Fund may purchase the stocks of companies of any size but typically focuses on large U.S. companies. T. Rowe Price Associates, Inc., the Funds sub-adviser (Sub-Adviser) takes a core approach to stock selection, which means that the Sub-Adviser uses both growth and value styles of investing. The Sub-Adviser typically constructs the portfolio in a bottom up manner, an approach that focuses more on evaluations of individual stocks than on analysis of overall economic trends and market cycles. In selecting stocks for the Fund, the Sub-Adviser typically seeks out companies with one or more of the following characteristics: ? experienced and capable management, ? strong risk-adjusted return potential, ? leading or improving market position or proprietary advantages, and/or ? attractive valuation relative to a companys peers or its own historical norm. The Fund seeks to maintain approximately 100 securities in the portfolio. The Funds sector allocations are largely the result of the Sub-Advisers focus on stock selection. At times, the Fund may have a significant portion of its assets invested in the same economic sector, such as the information technology and healthcare sectors. The Fund is a non-diversified fund, as defined in the Investment Company Act of 1940, as amended (the 1940 Act), and may invest more of its assets in fewer issuers than diversified mutual funds.

Top holdings

As of March 31, 2026 · N-PORT
SecurityTickerValue% of fund
MICROSOFT CORP $65.07M 7.20%
AMAZON.COM INC $58.45M 6.47%
APPLE INC $54.31M 6.01%
NVIDIA CORP $48.64M 5.38%
ALPHABET INC CL A $36.87M 4.08%
META PLATFORMS INC CL A $35.95M 3.98%
CENTERPOINT ENERGY INC $31.38M 3.47%
NISOURCE INC $29.15M 3.22%
BROADCOM INC $28.25M 3.12%
KEURIG DR PEPPER INC $21.86M 2.42%
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Allocation by sector

As of March 31, 2026 · N-PORT
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Portfolio moves

Dec 31, 2025 → Mar 31, 2026
Opened
22
Exited
21
Increased
31
Decreased
27
Unchanged
14

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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Advisers

As of December 31, 2025 · N-CEN
FirmRole
T. Rowe Price Associates, Inc. Sub-adviser
T. Rowe Price Investment Management, 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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