JNL/DoubleLine Core Fixed Income Fund
JNL Series Trust
Fund classification
Classified from what the fund holds · as of 2026 Q2
JNL/DoubleLine Core Fixed Income Fund is an actively managed U.S. bond fund.
- Asset class
- Bonds
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Credit quality
- Mixed credit
- Rate sensitivity
- Intermediate duration
Fund profile
As filed in the prospectus · 2026 Q2
The investment objective of the Fund is to seek to maximize current income and total return.
The fund invests at least 80% of assets in fixed-income securities of varying maturities, including government and corporate bonds, mortgage-backed securities, asset-backed securities, bank loans, and emerging market debt, with up to 33⅓% in high-yield securities. The portfolio manager targets a weighted average effective duration between two and eight years, using derivatives including swaps, futures, and options to manage interest rate sensitivity. The fund may allocate up to 30% to foreign-currency-denominated securities and up to 30% to emerging market instruments, and may invest up to 10% in preferred stock and convertible securities.
| Share class | Expense ratio | As of |
|---|---|---|
| C000004643 | 0.78% | 2025 Q2 |
| C000067976 | 0.48% | 2025 Q2 |
Portfolio turnover 41.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Bonds | 49.18% |
| Securitized | 46.63% |
| Loans | 2.53% |
| Cash & short-term | 1.10% |
| Stocks | 0.00% |
| Derivatives | -0.04% |
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.
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Securitized | 46.8% |
| Government | 23.7% |
| Other | 16.2% |
| Utilities | 3.2% |
| 12 smaller | 10.1% |
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).
Latest quarter
What changed since the fund's previous filing
Largest new: Federal Home Loan Mortgage Corporation, Treasury, United States Department of ×3, Velocity Commercial Capital Loan Trust 2026-2, Iskandar Enterprise LLC, Verus Securitization Trust 2026-R3, Oryx Funding LLC
Largest exited: Federal Home Loan Mortgage Corporation, Progress Residential 2021-SFR3 Trust, HOMES Trust, Labcorp Holdings Inc., Wells Fargo & Company, Marvell Technology, Inc., Fermaca Enterprises S. de R.L. de C.V., Paychex, Inc.
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to 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.
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 | 82.9% |
| Floating rate | 17.1% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 1.9% |
| 1-3y | 9.6% |
| 3-5y | 22.2% |
| 5-10y | 20.6% |
| 10y+ | 45.7% |
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 nearly 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 | 60% |
| Credit spreads | 40% |
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.
| Investment grade | +3.04 yr |
| High yield | +0.80 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 1.07 yr | 19% |
| 1 yr | 0.29 yr | 5% |
| 5 yr | 0.99 yr | 17% |
| 10 yr | 1.63 yr | 29% |
| 30 yr | 1.74 yr | 30% |
| 3 mo | 0.00 yr | 0% |
| 1 yr | 0.17 yr | 4% |
| 5 yr | 0.79 yr | 21% |
| 10 yr | 1.27 yr | 33% |
| 30 yr | 1.60 yr | 42% |
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 | +1.07 | +0.00 | +0.00 | $185 | $905 |
| 1 yr | +0.29 | +0.11 | +0.06 | $25.8k | $14.9k |
| 5 yr | +0.99 | +0.53 | +0.26 | $126.6k | $62.8k |
| 10 yr | +1.63 | +0.96 | +0.31 | $227.8k | $75.0k |
| 30 yr | +1.74 | +1.45 | +0.15 | $344.7k | $36.5k |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Value | Shares |
|---|---|---|---|---|
| — | Treasury, United States Department of0.88% · due 2030-11-15 | 4.27% | $101.71M | — |
| — | Treasury, United States Department of1.13% · due 2040-08-15 | 3.48% | $83.02M | — |
| — | Treasury, United States Department of0.63% · due 2030-08-15 | 2.69% | $64.11M | — |
| — | Treasury, United States Department of0.63% · due 2030-05-15 | 2.67% | $63.65M | — |
| — | Treasury, United States Department of1.88% · due 2041-02-15 | 1.93% | $46.08M | — |
| — | Federal Home Loan Mortgage Corporation6.00% · due 2054-12-01 | 0.98% | $23.28M | — |
| — | Federal National Mortgage Association, Inc.5.50% · due 2054-10-01 | 0.96% | $22.87M | — |
| — | Federal Home Loan Mortgage Corporation3.00% · due 2052-05-01 | 0.82% | $19.62M | — |
| — | JNL Government Money Market Fund | 0.81% | $19.21M | — |
| — | Federal National Mortgage Association, Inc.2.50% · due 2051-08-01 | 0.77% | $18.27M | — |
Top 10 positions are 19.37% of net assets, top 25 27.50%, across 1.1K issuers.
See more of this fund's book
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