JNL/WMC Balanced Fund
Aggressive allocation fund
As of its 2026 Q2 report, JNL/WMC Balanced Fund held 602 positions with $9.34B in net assets. Its ten largest holdings made up 26.5% of the fund. Its share classes cost 0.41%–0.71% a year. Over the 12 months to May 2026, it returned 20.6%, with dividends reinvested. In 2026 Q2 it added 91 new positions and exited 77.
The investment objective of the Fund is reasonable income and long-term capital growth.
The fund invests in a diversified mix of common stocks and investment-grade fixed-income securities, typically allocating 60–70% to equities and 30–40% to bonds and cash, with up to 25% in foreign securities. The fund may use derivatives to adjust fixed-income exposure. Because returns depend on the manager's selection of individual securities within these broad categories, performance will diverge from any benchmark the fund tracks.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
GOOGLAlphabet Inc. | 4.79% | $447.19M | 1.3M | $357.37 |
4.50% | $420.92M | 2.1M | $200.09 | |
AAPLApple Inc. | 4.12% | $385.05M | 1.3M | $289.36 |
3.08% | $287.82M | 771.6K | $373.02 | |
AMZNAmazon.com, Inc. | 2.75% | $257.29M | 1.1M | $238.34 |
AVGOBroadcom Inc. | 2.20% | $205.84M | 544.9K | $377.75 |
1.30% | $121.87M | 105.6K | $1,154.29 | |
1.27% | $118.92M | 204.7K | $580.91 | |
1.25% | $117.08M | 121.8K | $961.56 | |
1.23% | $115.02M | 823.8K | $139.63 |
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 602 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 | 66.45% |
| Bonds | 23.63% |
| Securitized | 9.11% |
| Cash & short-term | 1.16% |
| Derivatives | 0.00% |
Derivatives are shown at market value, not notional exposure.
By sector
- Information Technology
- 23.2%
- Government
- 17.4%
- Securitized
- 9.3%
- Financials
- 8.6%
- 12 other sectors
- 41.4%
- Information Technology
- 23.2%
- Government
- 17.4%
- Securitized
- 9.3%
- Financials
- 8.6%
- Consumer Discretionary
- 6.5%
- Communication Services
- 6.3%
- Health Care
- 5.5%
- International
- 5.0%
- Industrials
- 4.2%
- Other
- 2.7%
- Utilities
- 2.6%
- Consumer Staples
- 2.6%
- Energy
- 2.2%
- Real Estate
- 1.8%
- Cash
- 1.1%
- Materials
- 0.9%
How it has done
C000004651 share class · total returns with dividends reinvested
Volatility over the last 12 months: 9.00%. 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/WMC Balanced Fund is an aggressive allocation fund. 20% of JNL/WMC Balanced 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 89% of the fund’s equity).
- Asset class
- Allocation (multi-asset)
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Equity exposure
- Aggressive
- Expense ratio, by class
- 0.41% – 0.71%
- Portfolio turnover
- 99.00% 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.
91 new· the largest 7
77 exited· the largest 8
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 | 97.7% |
| Floating rate | 2.3% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 0.5% |
| 1-3y | 20.2% |
| 3-5y | 21.0% |
| 5-10y | 17.0% |
| 10y+ | 41.3% |
Based on what filers reported; a filer that never reported a flag also reads as none.
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 about half 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 | 68% |
| Credit spreads | 32% |
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 | +0.86 yr |
| High yield | +0.04 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 | 0.01 yr | 1% |
| 1 yr | 0.13 yr | 7% |
| 5 yr | 0.37 yr | 19% |
| 10 yr | 0.62 yr | 32% |
| 30 yr | 0.81 yr | 42% |
| 3 mo | 0.00 yr | 0% |
| 1 yr | 0.03 yr | 4% |
| 5 yr | 0.14 yr | 16% |
| 10 yr | 0.32 yr | 36% |
| 30 yr | 0.40 yr | 45% |
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 | +0.01 | +0.00 | +0.00 | $570 | $14 |
| 1 yr | +0.13 | +0.03 | +0.00 | $28.2k | $1.2k |
| 5 yr | +0.37 | +0.14 | +0.00 | $131.0k | $883 |
| 10 yr | +0.62 | +0.32 | +0.00 | $301.7k | $59 |
| 30 yr | +0.81 | +0.36 | +0.04 | $338.7k | $36.4k |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
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