JNL Multi-Manager Small Cap Value Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, JNL Multi-Manager Small Cap Value Fund held 545 positions with $2.01B in net assets. Its ten largest holdings made up 14.8% of the fund. Its share classes cost 0.79%–1.09% a year. Over the 12 months to May 2026, it returned 18.1%, with dividends reinvested. In 2026 Q2 it added 359 new positions and exited 61.
The investment objective of the Fund is long-term total return and capital appreciation.
The fund allocates its assets among five unaffiliated sub-advisers, each managing a portion of the fund's small-cap equity portfolio using independent methodologies. The adviser selects and monitors these sub-advisers based on expected returns, volatility, correlation, and risk contribution, and may adjust allocations or replace sub-advisers over time. Each sub-adviser employs a distinct fundamental approach—ranging from focused value screening to analysis of financial characteristics and management quality—to select small-cap stocks, typically holding between 25 and 110 companies. Because performance depends on the sub-advisers' security selections and the adviser's allocation decisions among them, results will diverge from the market.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
JNL Small Cap Index Fund | 3.79% | $76.20M | 5.3M | $14.51 |
SIMOSilicon Motion, Inc. | 1.79% | $36.00M | 108.0K | $333.33 |
JNL Government Money Market Fund | 1.54% | $30.94M | — | — |
White Mountains Insurance Group Ltd | 1.32% | $26.57M | 12.8K | $2,073.39 |
1.17% | $23.47M | 146.1K | $160.72 | |
MYRGMYR Group Inc. | 1.15% | $23.03M | 46.0K | $500.40 |
1.09% | $21.94M | 174.5K | $125.68 | |
1.08% | $21.64M | 114.2K | $189.45 | |
0.96% | $19.30M | 135.2K | $142.76 | |
0.94% | $18.92M | 622.6K | $30.38 |
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 545 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 | 98.51% |
| Cash & short-term | 2.10% |
By sector
- Financials
- 20.2%
- Industrials
- 19.1%
- Consumer Discretionary
- 11.1%
- Information Technology
- 9.6%
- 10 other sectors
- 39.9%
- Financials
- 20.2%
- Industrials
- 19.1%
- Consumer Discretionary
- 11.1%
- Information Technology
- 9.6%
- Health Care
- 8.2%
- International
- 5.6%
- Real Estate
- 5.6%
- Other
- 3.8%
- Utilities
- 3.6%
- Energy
- 3.5%
- Materials
- 3.0%
- Consumer Staples
- 3.0%
- Cash
- 2.1%
- Communication Services
- 1.7%
How it has done
C000004705 share class · total returns with dividends reinvested
Volatility over the last 12 months: 12.33%. 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 Multi-Manager Small Cap Value Fund is an actively managed U.S. equity fund. 20% of JNL Multi-Manager Small Cap Value 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 85% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.79% – 1.09%
- Portfolio turnover
- 34.00% 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.
359 new· the largest 8
61 exited· the largest 8
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