JNL/T. Rowe Price Value Fund

JNL Series Trust

Actively managed U.S. equity fund
$4.38B NAV
109 positions · as of 2026-06-30 · filed 2026-08-26

Fund classification

Classified from what the fund holds · as of 2026 Q2

JNL/T. Rowe Price Value Fund is an actively managed U.S. equity fund. 4% of JNL/T. Rowe Price 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 95% of the fund’s equity).

Asset class
Equity
Region
United States
Management
Actively managed
Fund type
Open-end fund

Fund profile

As filed in the prospectus · 2026 Q2

The investment objective of the Fund is to provide long-term capital appreciation by investing in common stocks believed to be undervalued.

Strategy · summarised

The fund invests at least 65% of assets in common stocks that its sub-adviser, T. Rowe Price Associates, Inc., identifies as undervalued based on various measures, typically emphasizing large-cap companies but also including mid-cap and small-cap stocks. The fund may allocate up to 25% of assets to foreign securities, including those tied to emerging markets, and may use derivatives. Because security selection depends on the sub-adviser's assessment of undervaluation, performance will diverge from any benchmark to the extent those judgments prove incorrect.

Expenses
0.57% 0.87%across 2 share classes
Share classExpense ratioAs of
C0000046580.87%2025 Q2
C0000679890.57%2025 Q2

Portfolio turnover 55.00% · as of 2026 Q2

Allocation

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

100.04%
of net assets
Stocks100.04%

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 Technology19.7%
Financials17.7%
Industrials12.7%
Health Care12.7%
9 smaller37.2%

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
4%of stock holdings in top-quartile growers
covering 95% of the fund’s equity
Earnings growth
16%of stock holdings in top-quartile growers
covering 92% 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: 12 new8 exited

Largest new: AAPL, MSFT, APH, BMY, QCOM, Royalty Pharma PLC, EMR, MRSH

Exited: CAT, ODFL, KLAC, MRK, ELV, NLY, JNL Government Money Market Fund, Jackson National Asset Management, LLC

Return profile

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

1-year
+23.68%
3-year
+58.28%
5-year
+57.00%
Volatility
11.64%
Worst 3-yr fall
-7.75%
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
Amazon.com, Inc.AMZN5.50%$240.82M
Apple Inc.AAPL5.30%$231.94M
Microsoft CorporationMSFT3.43%$150.33M
JPMorgan Chase & Co.JPM3.39%$148.34M
Berkshire Hathaway Inc.BRK/B2.82%$123.40M
Deere & CompanyDE2.59%$113.33M
Keysight Technologies, Inc.KEYS2.41%$105.34M
Johnson & JohnsonJNJ2.15%$94.25M
UnitedHealth Group IncorporatedUNH1.97%$86.34M
Westinghouse Air Brake Technologies CorporationWAB1.76%$77.23M
Showing 10 of 109Sign 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 31.33% of net assets, top 25 52.80%, across 109 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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