JNL/Mellon S&P 500 Index Fund

JNL Series Trust · Series S000001727

Equity fund · 100% stocks
$15.97B NAV
508 positions · as of 2026-03-31 · filed 2026-05-28
data updated 2026-08-10

Fund profile

As filed in the prospectus · 2026 Q2

The investment objective of the Fund is to track the performance of the S&P 500 Index to provide long-term capital growth.

Strategy · summarised

The fund seeks to replicate the S&P 500 Index by investing substantially all its assets in the stocks that comprise the Index, weighted by their market capitalization. Portfolio turnover is minimal, limited to index additions and deletions, cash flows, and dividend reinvestment. The fund may also hold ETFs, cash, and financial futures to maintain correlation to the Index and manage redemptions. Although ordinarily diversified, the fund may be invested in a non-diversified manner to the extent the Index itself is non-diversified.

Expenses
0.22% 0.52%across 2 share classes
Share classExpense ratioAs of
C0000046340.52%2025 Q2
C0000679680.22%2025 Q2

Portfolio turnover 3.00% · as of 2026 Q2

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q1

105.07%
of net assets
Stocks99.62%
Cash & short-term5.46%
Derivatives-0.01%

These positions come to 105.07% of the fund's net assets. This counts only what the fund reported holding — the holdings disclosure covers assets, not liabilities such as borrowings — so it is not expected to reconcile to 100%.

The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.

Derivatives are shown at market value, not notional exposure.

Latest quarter

What changed since the fund's previous filing

vs 2025Q4: 6 new6 exited

New: VRT, CIEN, LITE, COHR, Amcor Pty Ltd, ECHO

Exited: Amcor Pty Ltd, Dayforce, Inc., PAYC, MOH, MTCH, LW

Return profile

Total return as filed — price change plus distributions reinvested · trailing figures to Feb 2026

1-year
3-year
5-year
Volatility
Worst 3-yr fall
Cumulative return· Apr 2023 – Feb 2026

Mar 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.

This fund changed legal form during the period shown. The history above is continuous — it spans both eras, and the change is not a gap in reporting.

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
NVIDIA CorporationNVDA7.55%$1.21B
Apple Inc.AAPL6.64%$1.06B
Microsoft CorporationMSFT4.90%$782.53M
Amazon.com, Inc.AMZN3.63%$579.16M
Alphabet Inc.GOOGL2.99%$477.10M
Broadcom Inc.AVGO2.62%$417.71M
THE BANK OF NOVA SCOTIA, TORONTO2.50%$400.00M
Alphabet Inc.GOOG2.39%$381.44M
Meta Platforms, Inc.META2.23%$356.22M
CITIGROUP GLOBAL MARKETS INC1.88%$300.00M
Showing 10 of 508Sign in to see more

Top 10 positions are 37.32% of net assets, top 25 52.70%, across 505 issuers.

See more of this fund's book

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