JNL/BlackRock Global Allocation Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, JNL/BlackRock Global Allocation Fund held 2,012 positions with $3.43B in net assets. Its ten largest holdings made up 23.2% of the fund. Its share classes cost 0.76%–1.06% a year. Over the 12 months to May 2026, it returned 19.6%, with dividends reinvested. In 2026 Q2 it added 513 new positions and exited 281.
The investment objective of the Fund is high total investment return.
The fund seeks high total return by allocating across global asset classes and securities. Jackson National Asset Management manages one private investment held by the fund and will retain that role until the position is sold.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
JNL Government Money Market Fund | 6.71% | $229.74M | — | — |
2.62% | $89.72M | 448.4K | $200.09 | |
AAPLApple Inc. | 2.43% | $83.32M | 287.9K | $289.36 |
GOOGAlphabet Inc. | 2.41% | $82.56M | 233.7K | $353.33 |
Federal National Mortgage Association, Inc. 3.50% · due 2056-07-15 | 1.65% | $56.56M | — | — |
Taiwan Semiconductor Manufacturing Company Limited | 1.64% | $56.25M | 723.0K | $77.79 |
SPDR Gold Shares | 1.63% | $55.72M | 151.3K | $368.38 |
AMZNAmazon.com, Inc. | 1.48% | $50.83M | 213.3K | $238.34 |
1.35% | $46.29M | 40.1K | $1,154.29 | |
1.32% | $45.37M | 37.8K | $1,199.43 |
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.
The 200 largest of 2,012 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 | 69.74% |
| Bonds | 11.94% |
| Cash & short-term | 8.11% |
| Securitized | 7.62% |
| Loans | 3.09% |
| Derivatives | -0.31% |
Look-through blends 1 underlying fund; 2.655% of NAV was not looked through and stays direct-classified.
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.
By sector
- International
- 25.1%
- Information Technology
- 15.9%
- Cash
- 7.9%
- Other
- 7.9%
- 12 other sectors
- 43.2%
- International
- 25.1%
- Information Technology
- 15.9%
- Cash
- 7.9%
- Other
- 7.9%
- Securitized
- 7.5%
- Industrials
- 6.1%
- Financials
- 5.6%
- Health Care
- 5.0%
- Consumer Discretionary
- 4.8%
- Communication Services
- 4.6%
- Government
- 3.6%
- Energy
- 2.2%
- Consumer Staples
- 1.5%
- Materials
- 1.0%
- Utilities
- 0.9%
- Real Estate
- 0.5%
How it has done
C000090917 share class · total returns with dividends reinvested
Volatility over the last 12 months: 11.11%. 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/BlackRock Global Allocation Fund is an actively managed U.S. equity fund.
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.76% – 1.06%
- Portfolio turnover
- 135.00% a year · as of 2026 Q2
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.
513 new· the largest 8
281 exited· the largest 8
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 66.1% |
| Floating rate | 33.9% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 4.3% |
| 1-3y | 11.8% |
| 3-5y | 26.6% |
| 5-10y | 27.3% |
| 10y+ | 30.0% |
These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
Most of this fund’s sensitivity is to interest rates, with credit spreads carrying about half as much.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Interest rates | 62% |
| Credit spreads | 38% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| High yield | +0.49 yr |
| Investment grade | +0.33 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 1 yr | 0.38 yr | 27% |
| 5 yr | 0.59 yr | 42% |
| 10 yr | 0.45 yr | 32% |
3 mo and 30 yr are NEGATIVE (-0.06 yr, -0.04 yr) — a deliberate hedge at that point on the curve, so they are not part of the band above.
| 3 mo | 0.01 yr | 1% |
| 1 yr | 0.06 yr | 7% |
| 5 yr | 0.28 yr | 34% |
| 10 yr | 0.22 yr | 27% |
| 30 yr | 0.26 yr | 31% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | -0.06 | +0.00 | +0.00 | $1.5k | $317 |
| 1 yr | +0.38 | +0.01 | +0.05 | $3.0k | $17.0k |
| 5 yr | +0.59 | +0.04 | +0.24 | $12.9k | $82.6k |
| 10 yr | +0.45 | +0.10 | +0.11 | $35.8k | $39.2k |
| 30 yr | -0.04 | +0.17 | +0.09 | $58.9k | $29.3k |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Duration contribution in years, summing to the fund's 1.31 yr.
This is where the fund's rate exposure sits, not its currency risk — most international bond funds hedge the currency back to dollars, and the size of those hedges is not in the filing. Tenors are also summed across curves, so a 5-year JPY point and a 5-year USD point are added together.
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