JNL/American Funds Balanced Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, JNL/American Funds Balanced Fund held 1 positions with $3.95B in net assets. Its ten largest holdings made up 99.9% of the fund. Its share classes cost 0.6%–0.9% a year. Over the 12 months to May 2026, it returned 19.8%, with dividends reinvested. In 2026 Q2 it added no new positions and exited none.
The Fund (Feeder Fund) seeks high total return (including income and capital gains) consistent with preservation of capital over the long term through exclusive investment in the shares of the American Funds Insurance Series - Asset Allocation Fund (Master Fund).
The fund operates as a feeder, investing all assets in a master fund that dynamically allocates across equities (40–80%), debt (20–50%), and cash (0–40%) based on the adviser's assessment of relative value; the master fund holds a diversified portfolio of stocks, bonds, and money market instruments, with up to 15% in foreign equities and up to 25% of debt assets in lower-rated securities. The allocation shifts with market conditions and adviser judgment about attractiveness, so the fund's risk profile varies accordingly. Multiple portfolio managers oversee different segments of the master fund's portfolio.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
American Funds Insurance Series - Asset Allocation Fund | 99.92% | $3.94B | 148.1M | $26.62 |
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.
All 1 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 99.92% |
How it has done
C000004694 share class · total returns with dividends reinvested
Volatility over the last 12 months: 9.91%. Past returns are a record, not a forecast.
Jun 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.
Fees & fund details
JNL/American Funds Balanced Fund is an actively managed U.S. equity fund.
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Master-feeder
- Expense ratio, by class
- 0.60% – 0.90%
- Portfolio turnover
- 72.00% a year · as of 2026 Q2
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
0 new
0 exited
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — this fund, QQQ and the fund in my 401(k)?”
- “How do this fund’s ten biggest holdings stack up against each other?”
- “For my target-date fund, what’s the real stock-and-bond mix once you look through it?”