JNL Growth Allocation Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, JNL Growth Allocation Fund held 29 positions with $2.79B in net assets. Its ten largest holdings made up 60.4% of the fund. Its share classes cost 0.87%–1.17% a year. Over the 12 months to May 2026, it returned 17.3%, with dividends reinvested. In 2026 Q2 it added 1 new positions and exited 2.
The investment objective of the Fund is to seek capital growth and current income.
The fund is a fund of funds that invests in Class I shares of other funds across six investment categories: U.S. Equity, International/Global Equity, Sector Equity, Fixed Income, Allocation, and Alternative. Under normal circumstances it allocates approximately 60% to 100% to equity-focused underlying funds, 0% to 40% to fixed-income funds, and up to 20% each to money market and alternative strategy funds. Some of the underlying funds, including the Jackson Credit Opportunities Fund and Jackson Real Assets Fund, operate as interval funds and do not redeem shares on demand but only on periodic terms set by those funds.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
JNL Multi-Manager Select Equity Fund | 10.50% | $292.76M | 13.8M | $21.16 |
JNL/Causeway International Value Select Fund | 8.04% | $224.20M | 8.3M | $26.86 |
JNL/WCM Focused International Equity Fund | 7.37% | $205.51M | 10.6M | $19.34 |
JNL Multi-Manager Emerging Markets Equity Fund | 6.60% | $183.96M | 14.4M | $12.81 |
JNL/Newton Equity Income Fund | 5.82% | $162.27M | 3.5M | $46.48 |
JNL/T. Rowe Price Value Fund | 5.03% | $140.27M | 3.6M | $38.74 |
JNL Multi-Manager Mid Cap Fund | 4.50% | $125.31M | 5.7M | $21.94 |
JNL/T. Rowe Price Capital Appreciation Equity Fund | 4.40% | $122.71M | 10.0M | $12.26 |
JNL Multi-Manager International Small Cap Fund | 4.16% | $115.93M | 7.5M | $15.44 |
JNL/Loomis Sayles Global Growth Fund | 3.97% | $110.80M | 5.7M | $19.50 |
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 29 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 | 100.11% |
How it has done
C000039496 share class · total returns with dividends reinvested
Volatility over the last 12 months: 10.45%. 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 Growth Allocation Fund is an actively managed U.S. equity fund.
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Interval fund · Fund of funds
- Expense ratio, by class
- 0.87% – 1.17%
- Portfolio turnover
- 24.00% 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.
1 new
2 exited
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