JNL/RAFI Multi-Factor U.S. Equity Fund

JNL Series Trust

U.S. equity index fund
$2.27B NAV
884 positions · as of 2026-06-30 · filed 2026-08-26

Fund classification

Classified from what the fund holds · as of 2026 Q2

JNL/RAFI Multi-Factor U.S. Equity Fund is a U.S. equity index fund that tracks the RAFI Multi-Factor US Index. 11% of JNL/RAFI Multi-Factor U.S. Equity 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 97% of the fund’s equity).

Asset class
Equity
Region
United States
Management
Index (passive)
Fund type
Open-end fund

Fund profile

As filed in the prospectus · 2026 Q2

The investment objective of the Fund is to track the performance of the RAFI Multi-Factor US Index.

Strategy · summarised

The fund tracks the RAFI Multi-Factor US Index by investing substantially all its assets in the index's component securities, which are selected through a rules-based approach that combines five factor portfolios—value, low volatility, quality, momentum, and size—each equally weighted and ranked by fundamental metrics. Day-to-day investment decisions are delegated to Mellon Investments Corporation, the sub-adviser. The index is reconstituted annually and rebalanced quarterly on a staggered schedule, with the momentum factor reconstituted and fully rebalanced each quarter.

Expenses
0.37% 0.67%across 2 share classes
Share classExpense ratioAs of
C0002103320.37%2025 Q2
C0002103330.67%2025 Q2

Portfolio turnover 40.00% · as of 2026 Q2

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

100.44%
of net assets
Stocks99.67%
Cash & short-term0.77%
Derivatives0.00%

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

100%
of net assets
Information Technology25.7%
Health Care14.4%
Industrials12.7%
Financials10.3%
10 smaller36.9%

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).

Portfolio growth profile

How much of the fund’s stock holdings are in fast-growing companies · as of 2026 Q2

Revenue growth
11%of stock holdings in top-quartile growers
covering 97% of the fund’s equity
Earnings growth
18%of stock holdings in top-quartile growers
covering 85% of the fund’s equity

Share of the fund’s equity (by value) in companies whose trailing five-year revenue — or net-income — growth ranks in the top 25% of U.S. public companies. Foreign and newly-listed holdings are excluded, so the figure covers only part of the book. From SEC filings — not investment advice. How we measure this.

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 79 new57 exited

Largest new: UNH, MRVL, HUM, DDOG, DD, OXY, BURL, FANG

Largest exited: TSLA, JPM, PLTR, DuPont de Nemours, Inc., CRWD, BA, AXP, DE

Return profile

Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026

1-year
+29.20%
3-year
+69.29%
5-year
+77.38%
Volatility
10.38%
Worst 3-yr fall
-7.86%
Cumulative return· Jul 2023 – 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.

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
Intel CorporationINTC3.02%$68.66M
Walmart Inc.WMT1.81%$41.07M
Eli Lilly and CompanyLLY1.76%$40.14M
Broadcom Inc.AVGO1.71%$38.87M
Johnson & JohnsonJNJ1.62%$36.87M
Applied Materials, Inc.AMAT1.61%$36.65M
Lam Research CorporationLRCX1.58%$36.03M
Exxon Mobil CorporationXOM1.48%$33.57M
Cisco Systems, Inc.CSCO1.42%$32.23M
Corning IncorporatedGLW1.37%$31.19M
Showing 10 of 884Sign in to see more

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.

Top 10 positions are 17.38% of net assets, top 25 33.45%, across 884 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

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