JNL Multi-Manager Small Cap Growth Fund

JNL Series Trust

Actively managed U.S. equity fund
$2.54B NAV
331 positions · as of 2026-06-30 · filed 2026-08-26

Fund classification

Classified from what the fund holds · as of 2026 Q2

JNL Multi-Manager Small Cap Growth Fund is an actively managed U.S. equity fund. 43% of JNL Multi-Manager Small Cap Growth Fund’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 80% of the fund’s equity).

Asset class
Equity
Region
United States
Management
Actively managed
Fund type
Open-end fund

Fund profile

As filed in the prospectus · 2026 Q2

The investment objective of the Fund is long-term capital appreciation.

Strategy · summarised

The fund allocates assets among six unaffiliated sub-advisers, each managing a portion of the fund with independent investment strategies focused on small-capitalization equity securities. Jackson National Asset Management selects and monitors the sub-advisers and determines allocations based on expected returns, volatility, correlation, and risk contribution, with flexibility to adjust allocations or replace sub-advisers over time. Each sub-adviser employs distinct methodologies—ranging from growth screening and fundamental analysis to valuation models—to select small-cap stocks believed to offer sustainable competitive advantages or superior growth prospects. Because the fund's performance depends on the sub-advisers' security selections and JNAM's allocation decisions among them, results may diverge materially from the benchmark.

Expenses
0.68% 0.98%across 2 share classes
Share classExpense ratioAs of
C0000046830.98%2025 Q2
C0000679910.68%2025 Q2

Portfolio turnover 78.00% · as of 2026 Q2

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

102.62%
of net assets
Stocks97.96%
Cash & short-term4.67%

Sector allocation

The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2

100%
of net assets
Industrials26.6%
Health Care21.6%
Information Technology17.9%
Financials8.3%
9 smaller25.6%

Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).

Portfolio growth profile

How much of the fund’s stock holdings are in fast-growing companies · as of 2026 Q2

Revenue growth
43%of stock holdings in top-quartile growers
covering 80% of the fund’s equity

Share of the fund’s equity (by value) in companies whose trailing five-year revenue — or net-income — growth ranks in the top 25% of U.S. public companies. Foreign and newly-listed holdings are excluded, so the figure covers only part of the book. From SEC filings — not investment advice. How we measure this.

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 52 new48 exited

Largest new: AADX, KGS, ARXS, RBRK, IOT, BXDC, GHM, MXL

Largest exited: PRIM, BLD, BAH, CELH, RH, Birkenstock Holding PLC, BMI, ALKT

Return profile

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

1-year
+20.80%
3-year
+29.60%
5-year
-9.24%
Volatility
16.25%
Worst 3-yr fall
-17.86%
Cumulative return· Jul 2023 – Apr 2026

May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are 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
Jackson National Asset Management, LLC2.63%$66.93M
JNL Government Money Market Fund2.04%$51.73M
AAON, Inc.AAON1.64%$41.72M
Porch Group IncPRCH1.37%$34.74M
SharkNinja, Inc.1.32%$33.60M
Mercury Systems, Inc.MRCY1.31%$33.34M
Guardant Health, Inc.GH1.27%$32.19M
Forgent Power Solutions, Inc.FPS1.25%$31.90M
Advanced Drainage Systems, Inc.WMS1.24%$31.60M
Saia, Inc.SAIA1.20%$30.52M
Showing 10 of 331Sign in to see more

Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.

Top 10 positions are 15.27% of net assets, top 25 28.00%, across 331 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

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