NPORT-P
    false
    
      
      
        
          0000933691
          XXXXXXXX
        
      
      
      
      
        S000058485
        C000192052
        C000192053
      
      
      
    
  
  
    
      JNL Series Trust
      811-8894
      0000933691
      549300T5WIPN6IWM0D45
      1 Corporate Way
      Lansing
      
      48951
      517-367-4336
      JNL/Mellon Industrials Sector Fund
      S000058485
      549300JQI0701WZW8134
      2022-12-31
      2022-03-31
      N
    
    
      196523090.280000000000
      1183854.330000000000
      195339235.950000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      221492.030000000000
      
        
        
        
        
        
        
        
        
        
        
      
      N
      
        
          
          
        
        
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
        
        
        
        
      
      
      
      
      
      
    
    
      
        Lennox International Inc.
        S7DWAC87RDMPBF77GJ92
        Lennox International Inc.
        526107107
        
          
          
          
        
        1684
        NS
        USD
        434236.24
        0.2222985249
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Old Dominion Freight Line, Inc.
        5299009TWK32WE417T96
        Old Dominion Freight Line, Inc.
        679580100
        
          
          
          
        
        4649
        NS
        USD
        1388563.32
        0.7108471134
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        The Timken Company
        B0I35MLPFXZSE70ASS73
        The Timken Company
        887389104
        
          
          
          
        
        3471
        NS
        USD
        210689.7
        0.1078583619
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        United Airlines Holdings, Inc.
        98450079DA0B78DD6764
        United Airlines Holdings, Inc.
        910047109
        
          
          
          
        
        16089
        NS
        USD
        745886.04
        0.3818413830
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Westinghouse Air Brake Technologies Corporation
        06BTX5UWZD0GQ5N5Y745
        Westinghouse Air Brake Technologies Corporation
        929740108
        
          
          
          
        
        9322
        NS
        USD
        896496.74
        0.4589435070
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Woodward, Inc.
        YPYKXXTR8TFDH54ZMB45
        Woodward, Inc.
        980745103
        
          
          
          
        
        3156
        NS
        USD
        394215.96
        0.2018109460
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Johnson Controls International Public Limited Company
        549300XQ6S1GYKGBL205
        Johnson Controls International Public Limited Company
        N/A
        
          
          
          
        
        35015
        NS
        USD
        2295933.55
        1.1753570852
        Long
        EC
        CORP
        IE
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Ameresco, Inc.
        529900NZXZGBCBXYY327
        Ameresco, Inc.
        02361E108
        
          
          
          
        
        1516
        NS
        USD
        120522
        0.0616988182
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Avis Budget Group, Inc.
        529900E95812SYWMCE44
        Avis Budget Group, Inc.
        053774105
        
          
          
          
        
        1985
        NS
        USD
        522650.5
        0.2675604302
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        CSX Corporation
        549300JVQR4N1MMP3Q88
        CSX Corporation
        126408103
        
          
          
          
        
        110672
        NS
        USD
        4144666.4
        2.1217787506
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Forward Air Corporation
        N/A
        Forward Air Corporation
        349853101
        
          
          
          
        
        1363
        NS
        USD
        133274.14
        0.0682270202
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        SkyWest, Inc.
        529900UYS2KGS6Z42P09
        SkyWest, Inc.
        830879102
        
          
          
          
        
        2474
        NS
        USD
        71374.9
        0.0365389471
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Spirit AeroSystems Holdings, Inc.
        N/A
        Spirit AeroSystems Holdings, Inc.
        848574109
        
          
          
          
        
        5240
        NS
        USD
        256183.6
        0.1311480506
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        The Toro Company
        YJKE4YIT6BWQHVEW0D14
        The Toro Company
        891092108
        
          
          
          
        
        5277
        NS
        USD
        451130.73
        0.2309473198
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        ABM Industries Incorporated
        QF02R89VEIOROM77J447
        ABM Industries Incorporated
        000957100
        
          
          
          
        
        3389
        NS
        USD
        156029.56
        0.0798762006
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        AECOM
        0EEB8GF0W0NPCIHZX097
        AECOM
        00766T100
        
          
          
          
        
        7173
        NS
        USD
        550958.13
        0.2820519530
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Advanced Energy Industries, Inc.
        549300756XI3QLFT2U27
        Advanced Energy Industries, Inc.
        007973100
        
          
          
          
        
        1894
        NS
        USD
        163035.52
        0.0834627612
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Armstrong World Industries, Inc.
        KXMRXXOJ88Q45Y45MG74
        Armstrong World Industries, Inc.
        04247X102
        
          
          
          
        
        2375
        NS
        USD
        213773.75
        0.1094371794
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Carrier Global Corporation
        549300JE3W6CWY2NAN77
        Carrier Global Corporation
        14448C104
        
          
          
          
        
        42768
        NS
        USD
        1961768.16
        1.0042878229
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Colfax Corporation
        635400OP2DYYYMOIYL17
        Colfax Corporation
        194014106
        
          
          
          
        
        6805
        NS
        USD
        270770.95
        0.1386157516
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Copart, Inc.
        549300KVYX3JWMYEHU61
        Copart, Inc.
        217204106
        
          
          
          
        
        10685
        NS
        USD
        1340646.95
        0.6863172898
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Crane Co.
        549300X1RO9ID7AUCA83
        Crane Co.
        224399105
        
          
          
          
        
        2487
        NS
        USD
        269292.36
        0.1378588171
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        EnerSys
        7ZS3DE5PN30BYUJFWP05
        EnerSys
        29275Y102
        
          
          
          
        
        2057
        NS
        USD
        153390.49
        0.0785251817
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Honeywell International Inc.
        ISRPG12PN4EIEOEMW547
        Honeywell International Inc.
        438516106
        
          
          
          
        
        34221
        NS
        USD
        6658722.18
        3.4087991322
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        IAA Spinco Inc.
        549300PZCOPC5178W747
        IAA Spinco Inc.
        449253103
        
          
          
          
        
        6716
        NS
        USD
        256887
        0.1315081421
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        KBR, Inc.
        254900OFQDXZRKRCV808
        KBR, Inc.
        48242W106
        
          
          
          
        
        6961
        NS
        USD
        380975.53
        0.1950327737
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        MasTec, Inc.
        549300TMDIT8WREDOF45
        MasTec, Inc.
        576323109
        
          
          
          
        
        2982
        NS
        USD
        259732.2
        0.1329646851
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Matson Intermodal - Paragon, Inc.
        549300OI5H3Y0I9I4I12
        Matson Intermodal - Paragon, Inc.
        57686G105
        
          
          
          
        
        2097
        NS
        USD
        252940.14
        0.1294876264
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Trex Company, Inc.
        549300ER482WJT9UUX16
        Trex Company, Inc.
        89531P105
        
          
          
          
        
        5760
        NS
        USD
        376300.8
        0.1926396395
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Alaska Air Group, Inc.
        529900G48RT4KWLC6C27
        Alaska Air Group, Inc.
        011659109
        
          
          
          
        
        6295
        NS
        USD
        365172.95
        0.1869429601
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        C.H. Robinson Worldwide, Inc.
        529900WNWN5L0OVDHA79
        C.H. Robinson Worldwide, Inc.
        12541W209
        
          
          
          
        
        6494
        NS
        USD
        699468.74
        0.3580789781
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Cintas Corporation
        N/A
        Cintas Corporation
        172908105
        
          
          
          
        
        4407
        NS
        USD
        1874693.73
        0.9597118167
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Delta Air Lines, Inc.
        Q2CCMS6R0AS67HJMBN42
        Delta Air Lines, Inc.
        247361702
        
          
          
          
        
        31935
        NS
        USD
        1263667.95
        0.6469094362
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        GXO Logistics Inc.
        5493007CNWMXN78JRN66
        GXO Logistics Inc.
        36262G101
        
          
          
          
        
        4893
        NS
        USD
        349066.62
        0.1786976479
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Mueller Water Products, Inc.
        549300F7ZU4P1F8V8L60
        Mueller Water Products, Inc.
        624758108
        
          
          
          
        
        7755
        NS
        USD
        100194.6
        0.0512926139
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Owens Corning
        JO5M6676RDJIZ2U8X907
        Owens Corning
        690742101
        
          
          
          
        
        4974
        NS
        USD
        455121
        0.2329900584
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Rockwell Automation, Inc.
        VH3R4HHBHH12O0EXZJ88
        Rockwell Automation, Inc.
        773903109
        
          
          
          
        
        5827
        NS
        USD
        1631734.81
        0.8353338755
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Trinity Industries, Inc.
        R1JB4KXN77XFCXOQKV49
        Trinity Industries, Inc.
        896522109
        
          
          
          
        
        4016
        NS
        USD
        137989.76
        0.0706410872
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Watsco, Inc.
        549300F1Y3LN5BX5WN75
        Watsco, Inc.
        942622200
        
          
          
          
        
        1634
        NS
        USD
        497781.76
        0.2548293780
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Watts Water Technologies, Inc.
        549300REJOO94ERQN318
        Watts Water Technologies, Inc.
        942749102
        
          
          
          
        
        1381
        NS
        USD
        192773.79
        0.0986866715
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Welbilt, Inc.
        549300UR3W71YLZWI068
        Welbilt, Inc.
        949090104
        
          
          
          
        
        6522
        NS
        USD
        154897.5
        0.0792966652
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Triton Container International Limited
        549300O4LZFLCX53XZ54
        Triton Container International Limited
        N/A
        
          
          
          
        
        3333
        NS
        USD
        233909.94
        0.1197454976
        Long
        EC
        CORP
        BM
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Carlisle Companies Incorporated
        XR64VGX1ZPX6G7ZN7Z11
        Carlisle Companies Incorporated
        142339100
        
          
          
          
        
        2599
        NS
        USD
        639146.08
        0.3271980035
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Deere & Company
        PWFTNG3EI0Y73OXWDH08
        Deere & Company
        244199105
        
          
          
          
        
        13994
        NS
        USD
        5813947.24
        2.9763335623
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        ESS Tech, Inc.
        549300KE1U8W5YTMOD89
        ESS Tech, Inc.
        26916J106
        
          
          
          
        
        3113
        NS
        USD
        17339.41
        0.0088765628
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Snap-on Incorporated
        HHWAT5TDOYZMM26KKQ73
        Snap-on Incorporated
        833034101
        
          
          
          
        
        2657
        NS
        USD
        545960.36
        0.2794934450
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Textron Inc.
        3PPKBHUG1HD6BO7RNR87
        Textron Inc.
        883203101
        
          
          
          
        
        10999
        NS
        USD
        818105.62
        0.4188127470
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Elance, Inc.
        5493004QJ6WWBXVE2S70
        Elance, Inc.
        91688F104
        
          
          
          
        
        5918
        NS
        USD
        137534.32
        0.0704079338
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Ziprecruiter, Inc.
        549300HLOVNNFCY2IV80
        Ziprecruiter, Inc.
        98980B103
        
          
          
          
        
        554
        NS
        USD
        12730.92
        0.0065173389
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Pentair Public Limited Company
        549300EVR9D56WPSRP15
        Pentair Public Limited Company
        N/A
        
          
          
          
        
        8264
        NS
        USD
        447991.44
        0.2293402233
        Long
        EC
        CORP
        IE
        
        N
        
        1
        
          N
          N
          N
        
      
      
        AAON, Inc.
        N/A
        AAON, Inc.
        000360206
        
          
          
          
        
        2034
        NS
        USD
        113354.82
        0.0580297243
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        ASGN Incorporated
        LZBNYYCBUKY537072438
        ASGN Incorporated
        00191U102
        
          
          
          
        
        2579
        NS
        USD
        300995.09
        0.1540883932
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Aerojet Rocketdyne Holdings, Inc.
        549300VULNLWHE8QWI76
        Aerojet Rocketdyne Holdings, Inc.
        007800105
        
          
          
          
        
        3774
        NS
        USD
        148506.9
        0.0760251259
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Curtiss-Wright Corporation
        TEL51ETZWP7D0ZM4X325
        Curtiss-Wright Corporation
        231561101
        
          
          
          
        
        1953
        NS
        USD
        293262.48
        0.1501298388
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Donaldson Company, Inc.
        OZE6KXY9QQPR8EJ8WL20
        Donaldson Company, Inc.
        257651109
        
          
          
          
        
        6141
        NS
        USD
        318902.13
        0.1632555428
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        EMCOR Group, Inc.
        529900X0SQJB2J7YDU43
        EMCOR Group, Inc.
        29084Q100
        
          
          
          
        
        2654
        NS
        USD
        298920.02
        0.1530261028
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        FuelCell Energy, Inc.
        549300SRU8020X1X9J22
        FuelCell Energy, Inc.
        35952H601
        
          
          
          
        
        18000
        NS
        USD
        103680
        0.0530768944
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          
        
      
      
        GATX Corporation
        549300IHYHCQP2PIR591
        GATX Corporation
        361448103
        
          
          
          
        
        1775
        NS
        USD
        218910.75
        0.1120669634
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Mercury Systems, Inc.
        549300P3B84SGK7HH679
        Mercury Systems, Inc.
        589378108
        
          
          
          
        
        2839
        NS
        USD
        182973.55
        0.0936696353
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Republic Services, Inc.
        NKNQHM6BLECKVOQP7O46
        Republic Services, Inc.
        760759100
        
          
          
          
        
        10421
        NS
        USD
        1380782.5
        0.7068638788
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        SPX Flow, Inc.
        5493003YXEKRBINIEM78
        SPX Flow, Inc.
        78469X107
        
          
          
          
        
        2105
        NS
        USD
        181493.1
        0.0929117487
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        TopBuild Corp.
        5493007YSKHOL4RWII46
        TopBuild Corp.
        89055F103
        
          
          
          
        
        1635
        NS
        USD
        296572.65
        0.1518244138
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Tusimple Holdings Inc.
        N/A
        Tusimple Holdings Inc.
        90089L108
        
          
          
          
        
        1667
        NS
        USD
        20337.4
        0.0104113236
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          
        
      
      
        Union Pacific Corporation
        549300LMMRSZZCZ8CL11
        Union Pacific Corporation
        907818108
        
          
          
          
        
        31780
        NS
        USD
        8682613.8
        4.4448898132
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Valmont Industries, Inc.
        5493009ZGZJJ8F77JN08
        Valmont Industries, Inc.
        920253101
        
          
          
          
        
        1059
        NS
        USD
        252677.4
        0.1293531219
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Waste Management, Inc.
        549300YX8JIID70NFS41
        Waste Management, Inc.
        94106L109
        
          
          
          
        
        19203
        NS
        USD
        3043675.5
        1.5581485641
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        WillScot Mobile Mini Holdings Corp.
        549300HJ4VIXF476Q166
        WillScot Mobile Mini Holdings Corp.
        971378104
        
          
          
          
        
        11060.285
        NS
        USD
        432788.95
        0.2215576138
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Eaton Corporation Public Limited Company
        549300VDIGTMXUNT7H71
        Eaton Corporation Public Limited Company
        N/A
        
          
          
          
        
        19896
        NS
        USD
        3019416.96
        1.5457298915
        Long
        EC
        CORP
        IE
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Arcosa, Inc.
        549300WFHLTCZV7D6V29
        Arcosa, Inc.
        039653100
        
          
          
          
        
        2372.9997
        NS
        USD
        135854.23
        0.0695478455
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Avery Dennison Corporation
        549300PW7VPFCYKLIV37
        Avery Dennison Corporation
        053611109
        
          
          
          
        
        4131
        NS
        USD
        718670.07
        0.3679087135
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        The Brink's Company
        XFP140TFNOQMIVFTVQ13
        The Brink's Company
        109696104
        
          
          
          
        
        2473
        NS
        USD
        168164
        0.0860881836
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Casella Waste Systems, Inc.
        8EU0XUFVJ48U37IIDH51
        Casella Waste Systems, Inc.
        147448104
        
          
          
          
        
        2521
        NS
        USD
        220965.65
        0.1131189282
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Exponent, Inc.
        529900NY3F5Q2NWPUZ42
        Exponent, Inc.
        30214U102
        
          
          
          
        
        2598
        NS
        USD
        280713.9
        0.1437058452
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        FTI Consulting, Inc.
        549300K17GM8EQD0FQ48
        FTI Consulting, Inc.
        302941109
        
          
          
          
        
        1693
        NS
        USD
        266173.46
        0.1362621589
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Generac Holdings Inc.
        529900S2H2AHJHSFFI84
        Generac Holdings Inc.
        368736104
        
          
          
          
        
        3148
        NS
        USD
        935774.48
        0.4790509574
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Hillenbrand, Inc.
        U246OE781574J2BUD366
        Hillenbrand, Inc.
        431571108
        
          
          
          
        
        3670
        NS
        USD
        162103.9
        0.0829858370
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Trane Technologies Public Limited Company
        549300BURLR9SLYY2705
        Trane Technologies Public Limited Company
        N/A
        
          
          
          
        
        11675
        NS
        USD
        1782772.5
        0.9126545885
        Long
        EC
        CORP
        IE
        
        N
        
        1
        
          N
          N
          N
        
      
      
        APi Group Corp
        213800NZT1VX6PZ7BT53
        APi Group Corp
        00187Y100
        
          
          
          
        
        10258
        NS
        USD
        215725.74
        0.1104364614
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Cummins Inc.
        ZUNI8PYC725B6H8JU438
        Cummins Inc.
        231021106
        
          
          
          
        
        7091
        NS
        USD
        1454435.01
        0.7445688025
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Dover Corporation
        549300FMC2ALGA7N9E80
        Dover Corporation
        260003108
        
          
          
          
        
        7184
        NS
        USD
        1127169.6
        0.5770318464
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Enovix Operations Inc.
        N/A
        Enovix Operations Inc.
        293594107
        
          
          
          
        
        4776
        NS
        USD
        68153.52
        0.0348898262
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        General Dynamics Corporation
        9C1X8XOOTYY2FNYTVH06
        General Dynamics Corporation
        369550108
        
          
          
          
        
        11489
        NS
        USD
        2770917.02
        1.4185153364
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        ITT Inc.
        549300KDSERHTJOXUS80
        ITT Inc.
        45073V108
        
          
          
          
        
        4251
        NS
        USD
        319717.71
        0.1636730626
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Korn Ferry
        549300FOD20OM0GT5G40
        Korn Ferry
        500643200
        
          
          
          
        
        2734
        NS
        USD
        177545.96
        0.0908910896
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        MSC Industrial Direct Co., Inc.
        0XVKH0LN6YGOWO2EGO17
        MSC Industrial Direct Co., Inc.
        553530106
        
          
          
          
        
        2347
        NS
        USD
        199987.87
        0.1023797749
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        ManpowerGroup Inc.
        ERO1WSFOSR0JJ6CRQ987
        ManpowerGroup Inc.
        56418H100
        
          
          
          
        
        2685
        NS
        USD
        252175.2
        0.1290960307
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Paychex, Inc.
        529900K900DW6SUBM174
        Paychex, Inc.
        704326107
        
          
          
          
        
        16021
        NS
        USD
        2186385.87
        1.1192763499
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Unifirst Corporation
        5493003XBTNWBC8UK019
        Unifirst Corporation
        904708104
        
          
          
          
        
        748
        NS
        USD
        137841.44
        0.0705651578
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        United Rentals, Inc.
        NGIZXNT70J2LYT3FBI09
        United Rentals, Inc.
        911363109
        
          
          
          
        
        3614
        NS
        USD
        1283728.94
        0.6571792573
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Allegion Public Limited Company
        984500560CAC2E6FB757
        Allegion Public Limited Company
        N/A
        
          
          
          
        
        4437
        NS
        USD
        487093.86
        0.2493579222
        Long
        EC
        CORP
        IE
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Advanced Drainage Systems, Inc.
        6QQTOZ5MF5DHM7K92I60
        Advanced Drainage Systems, Inc.
        00790R104
        
          
          
          
        
        2835
        NS
        USD
        336826.35
        0.1724314874
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        AeroVironment, Inc.
        529900PGHVI29YLZ6221
        AeroVironment, Inc.
        008073108
        
          
          
          
        
        1132
        NS
        USD
        106566.48
        0.0545545699
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Builders FirstSource, Inc.
        549300W0SKP6L3H7DP63
        Builders FirstSource, Inc.
        12008R107
        
          
          
          
        
        9509
        NS
        USD
        613710.86
        0.3141769532
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Chart Industries, Inc.
        EM7QGKC1GYOF3LSZSL80
        Chart Industries, Inc.
        16115Q308
        
          
          
          
        
        1773
        NS
        USD
        304548.21
        0.1559073417
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Federal Signal Corporation
        549300RTXZRPTNP6G884
        Federal Signal Corporation
        313855108
        
          
          
          
        
        2998
        NS
        USD
        101182.5
        0.0517983494
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Flowserve Corporation
        6Y0GK87T6V7NJKZJVM41
        Flowserve Corporation
        34354P105
        
          
          
          
        
        6511
        NS
        USD
        233744.9
        0.1196610086
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Gibraltar Industries, Inc.
        549300AE5O3GN0YBLM57
        Gibraltar Industries, Inc.
        374689107
        
          
          
          
        
        1605
        NS
        USD
        68934.75
        0.0352897613
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Hexcel Corporation
        S6Q7LW43WUBUHXY2QP69
        Hexcel Corporation
        428291108
        
          
          
          
        
        4187
        NS
        USD
        249000.89
        0.1274710064
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Oshkosh Corporation
        549300FEKNPCFSA2B506
        Oshkosh Corporation
        688239201
        
          
          
          
        
        3405
        NS
        USD
        342713.25
        0.1754451677
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Robert Half International Inc.
        529900VPCUY9H3HLIC08
        Robert Half International Inc.
        770323103
        
          
          
          
        
        5499
        NS
        USD
        627875.82
        0.3214284201
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Stericycle, Inc.
        B8PTJH2P0AXSWSMP2136
        Stericycle, Inc.
        858912108
        
          
          
          
        
        4576
        NS
        USD
        269617.92
        0.1380254810
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        TransDigm Group Incorporated
        549300EQD0ZXRSMG3549
        TransDigm Group Incorporated
        893641100
        
          
          
          
        
        2637
        NS
        USD
        1718110.98
        0.8795524215
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        AMETEK, Inc.
        549300WZDEF9KKE40E98
        AMETEK, Inc.
        031100100
        
          
          
          
        
        11543
        NS
        USD
        1537296.74
        0.7869882016
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Evoqua Water Technologies Corp.
        529900YQAOMEZRGRRP43
        Evoqua Water Technologies Corp.
        30057T105
        
          
          
          
        
        5989
        NS
        USD
        281363.22
        0.1440382515
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Xylem Inc.
        549300DF5MV96DRYLQ48
        Xylem Inc.
        98419M100
        
          
          
          
        
        8998
        NS
        USD
        767169.48
        0.3927370128
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Air Lease Corporation
        5493004NW4M4P8TMMK63
        Air Lease Corporation
        00912X302
        
          
          
          
        
        5350
        NS
        USD
        238877.5
        0.1222885402
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Altra Industrial Motion Corp.
        NQ0NIXPGW4YKG4MWM571
        Altra Industrial Motion Corp.
        02208R106
        
          
          
          
        
        3285
        NS
        USD
        127885.05
        0.0654681838
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        AMERCO
        5493003WIDMLDHYC6Y24
        AMERCO
        023586100
        
          
          
          
        
        489
        NS
        USD
        291903.66
        0.1494342182
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Applied Industrial Technologies, Inc.
        549300NU173IJRC6PO38
        Applied Industrial Technologies, Inc.
        03820C105
        
          
          
          
        
        1925
        NS
        USD
        197620.5
        0.1011678473
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Belden Inc.
        68BKYO1JC791TTJHUE82
        Belden Inc.
        077454106
        
          
          
          
        
        2204
        NS
        USD
        122101.6
        0.0625074627
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Bloom Energy Corporation
        549300XB5J9BFW5JXV97
        Bloom Energy Corporation
        093712107
        
          
          
          
        
        7409
        NS
        USD
        178927.35
        0.0915982645
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Graco Inc.
        4T5VJ4S81BRT6Q7GGT78
        Graco Inc.
        384109104
        
          
          
          
        
        8455
        NS
        USD
        589482.6
        0.3017737820
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Howmet Aerospace Inc.
        549300HO5WFZUT5N2T22
        Howmet Aerospace Inc.
        443201108
        
          
          
          
        
        18990
        NS
        USD
        682500.6
        0.3493924795
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        JNL Government Money Market Fund
        N/A
        JNL Government Money Market Fund
        46628D437
        
          
        
        795037.26
        NS
        USD
        795037.26
        0.4070033632
        Long
        STIV
        RF
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        L3Harris Technologies, Inc.
        549300UTE50ZMDBG8A20
        L3Harris Technologies, Inc.
        502431109
        
          
          
          
        
        9791
        NS
        USD
        2432769.77
        1.2454076408
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Otis Worldwide Corporation
        549300ZLBKR8VSU25153
        Otis Worldwide Corporation
        68902V107
        
          
          
          
        
        21205
        NS
        USD
        1631724.75
        0.8353287255
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Rent-A-Center, Inc.
        529900QUHE15UQNCCJ63
        Rent-A-Center, Inc.
        76009N100
        
          
          
          
        
        2969
        NS
        USD
        74789.11
        0.0382867833
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Vm Consolidated, Inc.
        N/A
        Vm Consolidated, Inc.
        92511U102
        
          
          
          
        
        6283
        NS
        USD
        102287.24
        0.0523638989
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Dycom Industries, Inc.
        549300F56EKTHQI3WT60
        Dycom Industries, Inc.
        267475101
        
          
          
          
        
        1481
        NS
        USD
        141080.06
        0.0722231042
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Knight-Swift Transportation Holdings Inc.
        N/A
        Knight-Swift Transportation Holdings Inc.
        499049104
        
          
          
          
        
        8314
        NS
        USD
        419524.44
        0.2147671142
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Parsons Corporation
        549300ZXH0VRBSEPX752
        Parsons Corporation
        70202L102
        
          
          
          
        
        1301
        NS
        USD
        50348.7
        0.0257750061
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Resideo Technologies, Inc.
        5493006TKFPYISY2DS54
        Resideo Technologies, Inc.
        76118Y104
        
          
          
          
        
        7235
        NS
        USD
        172410.05
        0.0882618636
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        WESCO International, Inc.
        529900TXOGREY3WNJ434
        WESCO International, Inc.
        95082P105
        
          
          
          
        
        2208
        NS
        USD
        287349.12
        0.1471026128
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        AGCO Corporation
        LYOM0B2GCF1JWXK5ZG04
        AGCO Corporation
        001084102
        
          
          
          
        
        3043
        NS
        USD
        444369.29
        0.2274859364
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Lincoln Electric Holdings, Inc.
        BIMGBY40SIN95O01BN93
        Lincoln Electric Holdings, Inc.
        533900106
        
          
          
          
        
        2958
        NS
        USD
        407641.98
        0.2086841274
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        MDU Resources Group, Inc.
        0T6SBMK3JTBI1JR36794
        MDU Resources Group, Inc.
        552690109
        
          
          
          
        
        10073
        NS
        USD
        268445.45
        0.1374252585
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Nordson Corporation
        14OS6Q5N55N95WM84M53
        Nordson Corporation
        655663102
        
          
          
          
        
        2700
        NS
        USD
        613116
        0.3138724266
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        PACCAR Inc
        KDTEY8BWE486IKZ3CC07
        PACCAR Inc
        693718108
        
          
          
          
        
        17329
        NS
        USD
        1526165.03
        0.7812895461
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Parker-Hannifin Corporation
        5493002CONDB4N2HKI23
        Parker-Hannifin Corporation
        701094104
        
          
          
          
        
        6400
        NS
        USD
        1816064
        0.9296975035
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Saia, Inc.
        549300WNPG4N9GBOYB29
        Saia, Inc.
        78709Y105
        
          
          
          
        
        1307
        NS
        USD
        318672.74
        0.1631381112
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        3M Company
        LUZQVYP4VS22CLWDAR65
        3M Company
        88579Y101
        
          
          
          
        
        28496
        NS
        USD
        4242484.48
        2.1718547528
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Global Payments Inc.
        549300NOMHGVQBX6S778
        Global Payments Inc.
        37940X102
        
          
          
          
        
        14209
        NS
        USD
        1944359.56
        0.9953758396
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        GrafTech International Ltd.
        549300GY32W00XP57351
        GrafTech International Ltd.
        384313508
        
          
          
          
        
        9822
        NS
        USD
        94487.64
        0.0483710503
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Hayward Holdings, Inc.
        N/A
        Hayward Holdings, Inc.
        421298100
        
          
          
          
        
        2034
        NS
        USD
        33805.08
        0.0173058320
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Helios Technologies, Inc.
        5493000BCJSMIDRNTI78
        Helios Technologies, Inc.
        42328H109
        
          
          
          
        
        1640
        NS
        USD
        131610
        0.0673750972
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Hub Group, Inc.
        N/A
        Hub Group, Inc.
        443320106
        
          
          
          
        
        1668
        NS
        USD
        128786.28
        0.0659295504
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        J. B. Hunt Transport Services, Inc.
        549300XCD1MPI1C5GK90
        J. B. Hunt Transport Services, Inc.
        445658107
        
          
          
          
        
        4192
        NS
        USD
        841711.68
        0.4308973954
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Huntington Ingalls Industries, Inc.
        5TZLZ6WJTBVJ0QWBG121
        Huntington Ingalls Industries, Inc.
        446413106
        
          
          
          
        
        1986
        NS
        USD
        396087.84
        0.2027692174
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Ingersoll Rand Inc.
        5299004C02FMZCUOIR50
        Ingersoll Rand Inc.
        45687V106
        
          
          
          
        
        20337.7872
        NS
        USD
        1024007.59
        0.5242201266
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        JELD-WEN Holding, Inc.
        529900AXX7CT9GZSCS30
        JELD-WEN Holding, Inc.
        47580P103
        
          
          
          
        
        4499
        NS
        USD
        91239.72
        0.0467083428
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Kirby Corporation
        I7NO6FZO5GUCG585T325
        Kirby Corporation
        497266106
        
          
          
          
        
        3005
        NS
        USD
        216930.95
        0.1110534445
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Masonite International Corporation
        549300H0H07ZFT4JYM32
        Masonite International Corporation
        575385109
        
          
          
          
        
        1167
        NS
        USD
        103792.98
        0.0531347322
        Long
        EC
        CORP
        CA
        
        N
        
        1
        
          N
          N
          N
        
      
      
        MAXIMUS, Inc.
        549300DQCDS8HJ7QF202
        MAXIMUS, Inc.
        577933104
        
          
          
          
        
        3090
        NS
        USD
        231595.5
        0.1185606665
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Moog Inc.
        549300WM2I4U7OBAHG07
        Moog Inc.
        615394202
        
          
          
          
        
        1437
        NS
        USD
        126168.6
        0.0645894817
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Trinet Group, Inc.
        5299003FJVBETSFKE990
        Trinet Group, Inc.
        896288107
        
          
          
          
        
        2000
        NS
        USD
        196720
        0.1007068544
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          
        
      
      
        Badger Meter, Inc.
        5493002JENE20OGTUG20
        Badger Meter, Inc.
        056525108
        
          
          
          
        
        1436
        NS
        USD
        143183.56
        0.0732999488
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Beacon Roofing Supply, Inc.
        549300HDXQWWCBOYXP31
        Beacon Roofing Supply, Inc.
        073685109
        
          
          
          
        
        2778
        NS
        USD
        164679.84
        0.0843045378
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Fastenal Company
        529900PP0C7H2HHPSJ32
        Fastenal Company
        311900104
        
          
          
          
        
        28852
        NS
        USD
        1713808.8
        0.8773500069
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        The Middleby Corporation
        JDFO86U9VQRBKW5KYA35
        The Middleby Corporation
        596278101
        
          
          
          
        
        2777
        NS
        USD
        455261.38
        0.2330619232
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Schneider National, Inc.
        529900V6GZ6G6E3BLV72
        Schneider National, Inc.
        80689H102
        
          
          
          
        
        1706
        NS
        USD
        43503
        0.0222704874
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        ADT, Inc.
        N/A
        ADT, Inc.
        00090Q103
        
          
          
          
        
        7155
        NS
        USD
        54306.45
        0.0278010968
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Atkore Inc.
        52990002TI38AM4RPV48
        Atkore Inc.
        047649108
        
          
          
          
        
        2300
        NS
        USD
        226412
        0.1159070777
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Axon Enterprise, Inc.
        549300QP2IEEGFE16681
        Axon Enterprise, Inc.
        05464C101
        
          
          
          
        
        3445
        NS
        USD
        474479.85
        0.2429004330
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Energizer Holdings, Inc.
        5493000D6NN0V57UME20
        Energizer Holdings, Inc.
        29272W109
        
          
          
          
        
        3439
        NS
        USD
        105783.64
        0.0541538107
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        FedEx Corporation
        549300E707U7WNPZN687
        FedEx Corporation
        31428X106
        
          
          
          
        
        12164
        NS
        USD
        2814627.96
        1.4408922746
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        John Bean Technologies Corporation
        5493007CT6ATBZ2L6826
        John Bean Technologies Corporation
        477839104
        
          
          
          
        
        1594
        NS
        USD
        188841.18
        0.0966734507
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Lockheed Martin Corporation
        DPRBOZP0K5RM2YE8UU08
        Lockheed Martin Corporation
        539830109
        
          
          
          
        
        12094
        NS
        USD
        5338291.6
        2.7328312072
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Mine Safety Appliances Company, LLC
        549300ZG8DNJXBML4F23
        Mine Safety Appliances Company, LLC
        553498106
        
          
          
          
        
        1820
        NS
        USD
        241514
        0.1236382434
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Masco Corporation
        5GCSNMQXHEYA1JO8QN11
        Masco Corporation
        574599106
        
          
          
          
        
        12123
        NS
        USD
        618273
        0.3165124492
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        PROG Holdings, Inc.
        549300DHYTLBOVRXIG52
        PROG Holdings, Inc.
        74319R101
        
          
          
          
        
        3905
        NS
        USD
        112346.85
        0.0575137143
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Quanta Services, Inc.
        SHVRXXEACT60MMH07S24
        Quanta Services, Inc.
        74762E102
        
          
          
          
        
        7110
        NS
        USD
        935747.1
        0.4790369408
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        American Airlines Group Inc.
        N/A
        American Airlines Group Inc.
        02376R102
        
          
          
          
        
        32320
        NS
        USD
        589840
        0.3019567457
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          
        
      
      
        Caterpillar Inc.
        WRJR7GS4GTRECRRTVX92
        Caterpillar Inc.
        149123101
        
          
          
          
        
        26992
        NS
        USD
        6014357.44
        3.0789295406
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Clean Harbors, Inc.
        5493000SJVZVZJKHJF48
        Clean Harbors, Inc.
        184496107
        
          
          
          
        
        2494
        NS
        USD
        278430.16
        0.1425367303
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Encore Wire Corporation
        N/A
        Encore Wire Corporation
        292562105
        
          
          
          
        
        995
        NS
        USD
        113499.65
        0.0581038671
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Expeditors International of Washington, Inc.
        984500B055A804AB6E40
        Expeditors International of Washington, Inc.
        302130109
        
          
          
          
        
        8453
        NS
        USD
        872011.48
        0.4464087697
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Kratos Defense & Security Solutions, Inc.
        5493000EKBN0UY1F3F88
        Kratos Defense & Security Solutions, Inc.
        50077B207
        
          
          
          
        
        6087
        NS
        USD
        124661.76
        0.0638180852
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Seaboard Corporation
        87Q3KOXT29OW9W9YPT70
        Seaboard Corporation
        811543107
        
          
          
          
        
        13
        NS
        USD
        54671.37
        0.0279879102
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Verisk Analytics, Inc.
        549300I1YSWNIRKBWP67
        Verisk Analytics, Inc.
        92345Y106
        
          
          
          
        
        8042
        NS
        USD
        1726054.46
        0.8836189266
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Landstar System, Inc.
        254900CUQXQRL09MEI52
        Landstar System, Inc.
        515098101
        
          
          
          
        
        1896
        NS
        USD
        285973.68
        0.1463984840
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Plug Power Inc.
        549300JPDKRSJ8JSM954
        Plug Power Inc.
        72919P202
        
          
          
          
        
        25789
        NS
        USD
        737823.29
        0.3777138200
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Regal Beloit Corporation
        QH78R09VCJGQKPBPYU33
        Regal Beloit Corporation
        758750103
        
          
          
          
        
        3381
        NS
        USD
        503025.18
        0.2575136416
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        SPX Corporation
        P761FCI0CPOG24I8JE10
        SPX Corporation
        784635104
        
          
          
          
        
        2230
        NS
        USD
        110184.3
        0.0564066402
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        A. O. Smith Corporation
        549300XG4US7UJNECY36
        A. O. Smith Corporation
        831865209
        
          
          
          
        
        6603
        NS
        USD
        421865.67
        0.2159656599
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Southwest Airlines Co.
        UDTZ87G0STFETI6HGH41
        Southwest Airlines Co.
        844741108
        
          
          
          
        
        29615
        NS
        USD
        1356367
        0.6943648537
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Stanley Black & Decker, Inc.
        549300DJ09SMTO561131
        Stanley Black & Decker, Inc.
        854502101
        
          
          
          
        
        8135
        NS
        USD
        1137191.65
        0.5821624337
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Terex Corporation
        YAWJZJYEQ7M1SYMOS462
        Terex Corporation
        880779103
        
          
          
          
        
        3427
        NS
        USD
        122206.82
        0.0625613279
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        The AZEK Company Inc.
        N/A
        The AZEK Company Inc.
        05478C105
        
          
          
          
        
        5625
        NS
        USD
        139725
        0.0715294085
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Equifax Inc.
        5493004MCF8JDC86VS77
        Equifax Inc.
        294429105
        
          
          
          
        
        6082
        NS
        USD
        1442042.2
        0.7382245523
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Franklin Electric Co., Inc.
        RR6AURIKMXUE4Q24G284
        Franklin Electric Co., Inc.
        353514102
        
          
          
          
        
        1961
        NS
        USD
        162841.44
        0.0833634058
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        HEICO Corporation
        529900O1DTDLCJ7L0I14
        HEICO Corporation
        422806109
        
          
          
          
        
        2104
        NS
        USD
        323048.16
        0.1653780196
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        HEICO Corporation
        529900O1DTDLCJ7L0I14
        HEICO Corporation
        422806208
        
          
          
          
        
        3736
        NS
        USD
        473836.88
        0.2425712774
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Herc Holdings Inc.
        549300TP80QLITMSBP82
        Herc Holdings Inc.
        42704L104
        
          
          
          
        
        1246
        NS
        USD
        208194.14
        0.1065808100
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Microvast Holdings, Inc.
        549300J4UX9OMHSTKS35
        Microvast Holdings, Inc.
        59516C106
        
          
          
          
        
        11656
        NS
        USD
        78095.2
        0.0399792697
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          
        
      
      
        RBC Bearings Incorporated
        N/A
        RBC Bearings Incorporated
        75524B104
        
          
          
          
        
        1437
        NS
        USD
        278605.56
        0.1426265229
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Roper Technologies, Inc.
        54930003T4SXCIWVXY35
        Roper Technologies, Inc.
        776696106
        
          
          
          
        
        5263
        NS
        USD
        2485346.49
        1.2723232370
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Simpson Manufacturing Co., Inc.
        529900EJUNNL15LZ8056
        Simpson Manufacturing Co., Inc.
        829073105
        
          
          
          
        
        2165
        NS
        USD
        236071.6
        0.1208521160
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Vertiv Holdings Co
        549300KTTIRAOGXCRV69
        Vertiv Holdings Co
        92537N108
        
          
          
          
        
        15202
        NS
        USD
        212828
        0.1089530216
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        XPO Logistics, Inc.
        54930096DB9LCLPN7H13
        XPO Logistics, Inc.
        983793100
        
          
          
          
        
        4897
        NS
        USD
        356501.6
        0.1825038366
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Gates Industrial Corporation PLC
        549300S6K4FWUSB9KM27
        Gates Industrial Corporation PLC
        N/A
        
          
          
          
        
        4730
        NS
        USD
        71233.8
        0.0364667137
        Long
        EC
        CORP
        GB
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Acuity Brands, Inc.
        N/A
        Acuity Brands, Inc.
        00508Y102
        
          
          
          
        
        1736
        NS
        USD
        328624.8
        0.1682328685
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        The Boeing Company
        RVHJWBXLJ1RFUBSY1F30
        The Boeing Company
        097023105
        
          
          
          
        
        27345
        NS
        USD
        5236567.5
        2.6807555966
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Mueller Industries, Inc.
        5493005IZFE4VJLLYG84
        Mueller Industries, Inc.
        624756102
        
          
          
          
        
        2883
        NS
        USD
        156172.11
        0.0799491762
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        SiteOne Landscape Supply, Inc.
        5299008LX7SBD4HIAU03
        SiteOne Landscape Supply, Inc.
        82982L103
        
          
          
          
        
        2217
        NS
        USD
        358466.73
        0.1835098455
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        United Parcel Service, Inc.
        D01LMJZU09ULLNCY6Z23
        United Parcel Service, Inc.
        911312106
        
          
          
          
        
        36383
        NS
        USD
        7802698.18
        3.9944346777
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Worthington Industries, Inc.
        1WRCIANKYOIK6KYE5E82
        Worthington Industries, Inc.
        981811102
        
          
          
          
        
        1588
        NS
        USD
        81639.08
        0.0417934879
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Nvent Electric Public Limited Company
        N/A
        Nvent Electric Public Limited Company
        N/A
        
          
          
          
        
        8332
        NS
        USD
        289786.96
        0.1483506161
        Long
        EC
        CORP
        IE
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Arconic Corporation
        549300B4YFWH3U74B152
        Arconic Corporation
        03966V107
        
          
          
          
        
        5228
        NS
        USD
        133941.36
        0.0685685901
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Automatic Data Processing, Inc.
        HGBOLILQXWER4SAL2I23
        Automatic Data Processing, Inc.
        053015103
        
          
          
          
        
        20959
        NS
        USD
        4769010.86
        2.4413993619
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Barnes Group Inc.
        G1MSYD2DQZX30V5DMX12
        Barnes Group Inc.
        067806109
        
          
          
          
        
        2287
        NS
        USD
        91914.53
        0.0470537983
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Brady Corporation
        549300G2LEQOFQC8GY34
        Brady Corporation
        104674106
        
          
          
          
        
        2383
        NS
        USD
        110261.41
        0.0564461151
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Comfort Systems USA, Inc.
        5299009DT1ZA5HTU6R38
        Comfort Systems USA, Inc.
        199908104
        
          
          
          
        
        1812
        NS
        USD
        161286.12
        0.0825671910
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Core & Main, Inc.
        N/A
        Core & Main, Inc.
        21874C102
        
          
          
          
        
        2796
        NS
        USD
        67635.24
        0.0346245032
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        First Advantage Corporation
        N/A
        First Advantage Corporation
        31846B108
        
          
          
          
        
        2005
        NS
        USD
        40480.95
        0.0207234096
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Frontier Group Holdings, Inc.
        549300DT3Y2BHO6G7T02
        Frontier Group Holdings, Inc.
        35909R108
        
          
          
          
        
        1422
        NS
        USD
        16111.26
        0.0082478361
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          
        
      
      
        IDEX Corporation
        549300U5Y5EL6PHYLF13
        IDEX Corporation
        45167R104
        
          
          
          
        
        3796
        NS
        USD
        727807.08
        0.3725862224
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Illinois Tool Works Inc.
        76NA4I14SZCFAYMNSV04
        Illinois Tool Works Inc.
        452308109
        
          
          
          
        
        14240
        NS
        USD
        2981856
        1.5265013122
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        JetBlue Airways Corporation
        54930070J9H97ZO93T57
        JetBlue Airways Corporation
        477143101
        
          
          
          
        
        15876
        NS
        USD
        237346.2
        0.1215046219
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Kadant Inc.
        549300K06LNJYBMPYP15
        Kadant Inc.
        48282T104
        
          
          
          
        
        573
        NS
        USD
        111270.87
        0.0569628879
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Kennametal Inc.
        549300GZDSG25XUV0Y08
        Kennametal Inc.
        489170100
        
          
          
          
        
        4107
        NS
        USD
        117501.27
        0.0601524161
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Ryder System, Inc.
        ZXJ6Y2OSPZXIVGRILD15
        Ryder System, Inc.
        783549108
        
          
          
          
        
        2684
        NS
        USD
        212921.72
        0.1090009997
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Spirit Airlines
        549300DCAFIXFNFR3304
        Spirit Airlines
        848577102
        
          
          
          
        
        5502
        NS
        USD
        120328.74
        0.0615998826
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          
        
      
      
        Virgin Galactic Holdings, Inc.
        549300C631IMXCSMN048
        Virgin Galactic Holdings, Inc.
        92766K106
        
          
          
          
        
        8741
        NS
        USD
        86361.08
        0.0442108210
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          
        
      
      
        Xometry, Inc.
        N/A
        Xometry, Inc.
        98423F109
        
          
          
          
        
        346
        NS
        USD
        12715.5
        0.0065094449
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          
        
      
      
        Allegiant Travel Company
        549300JM9OZXOHWL2K18
        Allegiant Travel Company
        01748X102
        
          
          
          
        
        745
        NS
        USD
        120980.55
        0.0619335636
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Cryoport, Inc.
        N/A
        Cryoport, Inc.
        229050307
        
          
          
          
        
        2566
        NS
        USD
        89579.06
        0.0458582013
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Emerson Electric Co.
        FGLT0EWZSUIRRITFOA30
        Emerson Electric Co.
        291011104
        
          
          
          
        
        29639
        NS
        USD
        2906103.95
        1.4877215711
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Fluor Corporation
        CQ7WZ4NOFWT7FAE6Q943
        Fluor Corporation
        343412102
        
          
          
          
        
        6981
        NS
        USD
        200284.89
        0.1025318283
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        W. W. Grainger, Inc.
        549300TWZSP6O1IH2V34
        W. W. Grainger, Inc.
        384802104
        
          
          
          
        
        2159
        NS
        USD
        1113590.61
        0.5700803551
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Tetra Tech, Inc.
        549300UJ1LP7JGJC5P32
        Tetra Tech, Inc.
        88162G103
        
          
          
          
        
        2679
        NS
        USD
        441874.26
        0.2262086559
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Werner Enterprises, Inc.
        549300P6XRGOCHHJST37
        Werner Enterprises, Inc.
        950755108
        
          
          
          
        
        3006
        NS
        USD
        123246
        0.0630933153
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Joby Aviation, Inc.
        N/A
        Joby Aviation, Inc.
        N/A
        
          
          
          
        
        13004
        NS
        USD
        86086.48
        0.0440702451
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          
        
      
      
        BWXT Government Group, Inc.
        549300NP85N265KWMS58
        BWXT Government Group, Inc.
        05605H100
        
          
          
          
        
        4598
        NS
        USD
        247648.28
        0.1267785649
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Booz Allen Hamilton Holding Corporation
        529900JPV47PIUWMA015
        Booz Allen Hamilton Holding Corporation
        099502106
        
          
          
          
        
        6664
        NS
        USD
        585365.76
        0.2996662484
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        General Electric Company
        3C7474T6CDKPR9K6YT90
        General Electric Company
        369604301
        
          
          
          
        
        54853
        NS
        USD
        5019049.5
        2.5694016236
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Hubbell Incorporated
        54930088VDQ6840Y6597
        Hubbell Incorporated
        443510607
        
          
          
          
        
        2692
        NS
        USD
        494708.84
        0.2532562583
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Insperity, Inc.
        5299000Q0KW7HY5DB751
        Insperity, Inc.
        45778Q107
        
          
          
          
        
        1798
        NS
        USD
        180555.16
        0.0924315891
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Installed Building Products, Inc.
        549300I95Y9P9YM5FI86
        Installed Building Products, Inc.
        45780R101
        
          
          
          
        
        1152
        NS
        USD
        97332.48
        0.0498274090
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Jacobs Engineering Group Inc.
        549300CZ8QS1GE53O776
        Jacobs Engineering Group Inc.
        469814107
        
          
          
          
        
        6436
        NS
        USD
        886945.16
        0.4540537674
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Louisiana-Pacific Corporation
        549300C7E2UAO5BVRR75
        Louisiana-Pacific Corporation
        546347105
        
          
          
          
        
        4390
        NS
        USD
        272706.8
        0.1396067711
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Norfolk Southern Corporation
        54930036C8MWP850MI84
        Norfolk Southern Corporation
        655844108
        
          
          
          
        
        11964
        NS
        USD
        3412372.08
        1.7468953758
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Northrop Grumman Corporation
        RIMU48P07456QXSO0R61
        Northrop Grumman Corporation
        666807102
        
          
          
          
        
        7322
        NS
        USD
        3274544.84
        1.6763374875
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Raytheon Technologies Corporation
        I07WOS4YJ0N7YRFE7309
        Raytheon Technologies Corporation
        75513E101
        
          
          
          
        
        74463.4688
        NS
        USD
        7377095.85
        3.7765561097
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Rocket Lab USA, Inc.
        N/A
        Rocket Lab USA, Inc.
        773122106
        
          
          
          
        
        7037
        NS
        USD
        56647.85
        0.0289997295
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          
        
      
      
        TransUnion
        549300ZS772LUNUMRB03
        TransUnion
        89400J107
        
          
          
          
        
        9560
        NS
        USD
        987930.4
        0.5057511335
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Nielsen Holdings PLC
        549300ZVCBHQE0XHG367
        Nielsen Holdings PLC
        N/A
        
          
          
          
        
        17950
        NS
        USD
        488958
        0.2503122312
        Long
        EC
        CORP
        GB
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Jackson National Asset Management, LLC
        N/A
        JNL Securities Lending Collateral Fund
        46628D411
        
          
        
        919026.6
        NS
        USD
        919026.6
        0.4704772165
        Long
        STIV
        RF
        US
        
        N
        
        1
        
          
          N
          N
        
      
      
        CHICAGO MERCANTILE EXCHANGE
        SNZ2OJLFK8MNNCLQOF39
        FUTURE - CASH SETTLED
        N/A
        
          
          
        
        10
        NC
        USD
        28731.9
        0.0147087194
        N/A
        DE
        CORP
        US
        
        N
        
        1
        
          
            
              CHICAGO MERCANTILE EXCHANGE
              SNZ2OJLFK8MNNCLQOF39
            
            Long
            
              
                S&P Industrial Select Sector Index
                IXI
              
            
            2022-06-17
            1007668.1
            USD
            28731.9
          
        
        
          N
          N
          N
        
      
    
    
      2022-05-25
      JNL Series Trust
      Andrew Tedeschi
      Andrew Tedeschi
      Principal Financial Officer
    
  
  XXXX




Untitled Document

JNL Series Trust (Unaudited)

Schedules of Investments (in thousands)

March 31, 2022

        
  

Shares 

 

Value ($) 

 

JNL/American Funds Balanced Fund

INVESTMENT COMPANIES 100.0%

Global Balanced 100.0%

 

American Funds Insurance Series - Asset Allocation Fund - Class 1 (a)

 

99,640

 

2,755,036

 
 

Total Investment Companies (cost $2,432,158)

2,755,036

 

Total Investments 100.0% (cost $2,432,158)

2,755,036

 

Other Assets and Liabilities, Net (0.0)%

(943)

 

Total Net Assets 100.0%

 

2,754,093

 

(a)  Investment in affiliate.

        

JNL/American Funds Bond Fund of America Fund

INVESTMENT COMPANIES 100.0%

Domestic Fixed Income 100.0%

 

American Funds Insurance Series - Bond Fund of America - Class 1

 

9,636

 

102,429

 
 

Total Investment Companies (cost $107,687)

102,429

 

Total Investments 100.0% (cost $107,687)

102,429

 

Other Assets and Liabilities, Net (0.0)%

(32)

 

Total Net Assets 100.0%

 

102,397

 
        

JNL/American Funds Capital Income Builder Fund

INVESTMENT COMPANIES 100.0%

Global Balanced 100.0%

 

American Funds Insurance Series - Capital Income Builder Fund - Class 1 (a)

 

26,543

 

315,326

 
 

Total Investment Companies (cost $286,299)

315,326

 

Total Investments 100.0% (cost $286,299)

315,326

 

Other Assets and Liabilities, Net (0.0)%

(123)

 

Total Net Assets 100.0%

 

315,203

 

(a)  Investment in affiliate.

        

JNL/American Funds Capital World Bond Fund

INVESTMENT COMPANIES 100.0%

Global Fixed Income 100.0%

 

American Funds Insurance Series - Capital World Bond Fund - Class 1 (a)

 

39,862

 

430,507

 
 

Total Investment Companies (cost $476,507)

430,507

 

Total Investments 100.0% (cost $476,507)

430,507

 

Other Assets and Liabilities, Net (0.0)%

(153)

 

Total Net Assets 100.0%

 

430,354

 

(a)  Investment in affiliate.

        

JNL/American Funds Global Growth Fund

INVESTMENT COMPANIES 100.0%

Global Equity 100.0%

 

American Funds Insurance Series - Global Growth Fund - Class 1 (a)

 

22,154

 

871,096

 
 

Total Investment Companies (cost $752,737)

871,096

 

Total Investments 100.0% (cost $752,737)

871,096

 

Other Assets and Liabilities, Net (0.0)%

(259)

 

Total Net Assets 100.0%

 

870,837

 

(a)  Investment in affiliate.

        

JNL/American Funds Global Small Capitalization Fund

INVESTMENT COMPANIES 100.0%

Global Equity 100.0%

 

American Funds Insurance Series - Global Small Capitalization Fund - Class 1 (a)

 

26,899

 

784,641

 
 

Total Investment Companies (cost $674,447)

784,641

 

Total Investments 100.0% (cost $674,447)

784,641

 

Other Assets and Liabilities, Net (0.0)%

(247)

 

Total Net Assets 100.0%

 

784,394

 

(a)  Investment in affiliate.

        
  

Shares 

 

Value ($) 

 

JNL/American Funds Growth Fund

INVESTMENT COMPANIES 100.0%

Domestic Equity 100.0%

 

American Funds Insurance Series - Growth Fund - Class 1 (a)

 

35,504

 

4,129,436

 
 

Total Investment Companies (cost $3,424,883)

4,129,436

 

Total Investments 100.0% (cost $3,424,883)

4,129,436

 

Other Assets and Liabilities, Net (0.0)%

(1,217)

 

Total Net Assets 100.0%

 

4,128,219

 

(a)  Investment in affiliate.

        

JNL/American Funds Growth-Income Fund

INVESTMENT COMPANIES 100.0%

Domestic Equity 100.0%

 

American Funds Insurance Series - Growth-Income Fund - Class 1 (a)

 

155,915

 

9,933,342

 
 

Total Investment Companies (cost $7,559,657)

9,933,342

 

Total Investments 100.0% (cost $7,559,657)

9,933,342

 

Other Assets and Liabilities, Net (0.0)%

(3,648)

 

Total Net Assets 100.0%

 

9,929,694

 

(a)  Investment in affiliate.

        

JNL/American Funds International Fund

INVESTMENT COMPANIES 100.0%

International Equity 100.0%

 

American Funds Insurance Series - International Fund - Class 1 (a)

 

81,224

 

1,666,714

 
 

Total Investment Companies (cost $1,606,699)

1,666,714

 

Total Investments 100.0% (cost $1,606,699)

1,666,714

 

Other Assets and Liabilities, Net (0.0)%

(628)

 

Total Net Assets 100.0%

 

1,666,086

 

(a)  Investment in affiliate.

        

JNL/American Funds New World Fund

INVESTMENT COMPANIES 100.0%

Emerging Markets Equity 100.0%

 

American Funds Insurance Series - New World Fund - Class 1 (a)

 

55,363

 

1,578,946

 
 

Total Investment Companies (cost $1,321,481)

1,578,946

 

Total Investments 100.0% (cost $1,321,481)

1,578,946

 

Other Assets and Liabilities, Net (0.0)%

(660)

 

Total Net Assets 100.0%

 

1,578,286

 

(a)  Investment in affiliate.

        

JNL/American Funds Washington Mutual Investors Fund

INVESTMENT COMPANIES 100.0%

Domestic Equity 100.0%

 

American Funds Insurance Series - Washington Mutual Investors Fund - Class 1 (a)

 

218,895

 

3,881,000

 
 

Total Investment Companies (cost $2,976,852)

3,881,000

 

Total Investments 100.0% (cost $2,976,852)

3,881,000

 

Other Assets and Liabilities, Net (0.0)%

(1,537)

 

Total Net Assets 100.0%

 

3,879,463

 

(a)  Investment in affiliate.

        

JNL/Mellon Bond Index Fund

INVESTMENT COMPANIES 100.0%

Domestic Fixed Income 100.0%

 

JNL Bond Index Fund - Class I (99.9%) (a)

 

126,192

 

1,196,296

 
 

Total Investment Companies (cost $1,262,037)

1,196,296

 

Total Investments 100.0% (cost $1,262,037)

1,196,296

 

Other Assets and Liabilities, Net (0.0)%

(252)

 

Total Net Assets 100.0%

 

1,196,044

 

1


JNL Series Trust (Unaudited)

Schedules of Investments (in thousands)

March 31, 2022

      
  

Shares 

 

Value ($) 

 

(a)  The Fund's percentage ownership of the underlying affiliated fund at March 31, 2022 is presented parenthetically. The Fund does not invest in the underlying affiliated funds for the purpose of exercising management or control.

        

JNL/Mellon Emerging Markets Index Fund

INVESTMENT COMPANIES 100.0%

Emerging Markets Equity 100.0%

 

JNL Emerging Markets Index Fund - Class I (99.9%) (a)

 

114,881

 

989,123

 
 

Total Investment Companies (cost $1,146,369)

989,123

 

Total Investments 100.0% (cost $1,146,369)

989,123

 

Other Assets and Liabilities, Net (0.0)%

(272)

 

Total Net Assets 100.0%

 

988,851

 

(a)  The Fund's percentage ownership of the underlying affiliated fund at March 31, 2022 is presented parenthetically. The Fund does not invest in the underlying affiliated funds for the purpose of exercising management or control.

        

JNL/Mellon International Index Fund

INVESTMENT COMPANIES 100.0%

International Equity 100.0%

 

JNL International Index Fund - Class I (99.9%) (a)

 

252,314

 

2,424,735

 
 

Total Investment Companies (cost $2,523,480)

2,424,735

 

Total Investments 100.0% (cost $2,523,480)

2,424,735

 

Other Assets and Liabilities, Net (0.0)%

(537)

 

Total Net Assets 100.0%

 

2,424,198

 

(a)  The Fund's percentage ownership of the underlying affiliated fund at March 31, 2022 is presented parenthetically. The Fund does not invest in the underlying affiliated funds for the purpose of exercising management or control.

        

JNL/Mellon S&P 400 MidCap Index Fund

INVESTMENT COMPANIES 100.0%

Domestic Equity 100.0%

 

JNL Mid Cap Index Fund - Class I (100.0%) (a)

 

360,467

 

3,579,435

 
 

Total Investment Companies (cost $3,603,141)

3,579,435

 

Total Investments 100.0% (cost $3,603,141)

3,579,435

 

Other Assets and Liabilities, Net (0.0)%

(642)

 

Total Net Assets 100.0%

 

3,578,793

 

(a)  The Fund's percentage ownership of the underlying affiliated fund at March 31, 2022 is presented parenthetically. The Fund does not invest in the underlying affiliated funds for the purpose of exercising management or control.

        

JNL/Mellon Small Cap Index Fund

INVESTMENT COMPANIES 100.0%

Domestic Equity 100.0%

 

JNL Small Cap Index Fund - Class I (100.0%) (a)

 

279,224

 

2,758,732

 
 

Total Investment Companies (cost $2,793,510)

2,758,732

 

Total Investments 100.0% (cost $2,793,510)

2,758,732

 

Other Assets and Liabilities, Net (0.0)%

(507)

 

Total Net Assets 100.0%

 

2,758,225

 

(a)  The Fund's percentage ownership of the underlying affiliated fund at March 31, 2022 is presented parenthetically. The Fund does not invest in the underlying affiliated funds for the purpose of exercising management or control.

        

JNL Aggressive Growth Allocation Fund

INVESTMENT COMPANIES 100.0%

Domestic Equity 50.3%

 

JNL Multi-Manager Mid Cap Fund - Class I (9.8%) (a)

 

9,023

 

173,143

 
 

JNL Multi-Manager Small Cap Growth Fund - Class I (1.4%) (a)

 

958

 

42,080

 
 

JNL Multi-Manager Small Cap Value Fund - Class I (2.9%) (a)

 

3,038

 

54,025

 
 

JNL/Baillie Gifford U.S. Equity Growth Fund - Class I (46.9%) (a)

 

7,588

 

49,927

 
 

JNL/DoubleLine Shiller Enhanced CAPE Fund - Class I (4.3%) (a)

 

4,983

 

113,025

 
 

JNL/JPMorgan U.S. Value Fund - Class I (4.7%) (a)

 

5,066

 

78,118

 
 

JNL/Morningstar Wide Moat Index Fund - Class I (11.6%) (a)

 

8,004

 

116,376

 
  

Shares 

 

Value ($) 

 
 

JNL/T. Rowe Price Established Growth Fund - Class I (0.7%) (a)

 

1,101

 

78,003

 
 

JNL/T. Rowe Price Value Fund - Class I (2.0%) (a)

 

4,459

 

113,566

 
 

818,263

 

International Equity 19.8%

 

JNL Multi-Manager International Small Cap Fund - Class I (9.3%) (a)

 

5,211

 

71,027

 
 

JNL/Causeway International Value Select Fund - Class I (6.9%) (a)

 

6,888

 

111,036

 
 

JNL/WCM Focused International Equity Fund - Class I (7.2%) (a)

 

7,182

 

140,912

 
 

322,975

 

Global Equity 11.2%

 

JNL/Harris Oakmark Global Equity Fund - Class I (10.2%) (a)

 

6,663

 

89,813

 
 

JNL/Loomis Sayles Global Growth Fund - Class I (11.5%) (a)

 

6,329

 

92,844

 
 

182,657

 

Alternative 8.8%

 

JNL Multi-Manager Alternative Fund - Class I (1.5%) (a)

 

1,656

 

18,845

 
 

JNL/Blackrock Global Natural Resouces Fund - Class I (1.5%) (a)

 

1,474

 

20,195

 
 

JNL/First Sentier Global Infrastructure Fund - Class I (4.9%) (a)

 

2,730

 

50,063

 
 

JNL/Heitman U.S. Focused Real Estate Fund - Class I (10.9%) (a)

 

2,507

 

34,571

 
 

JNL/Neuberger Berman Commodity Strategy Fund - Class I (8.0%) (a)

 

516

 

9,015

 
 

JNL/Westchester Capital Event Driven Fund - Class I (8.4%) (a)

 

907

 

11,054

 
 

143,743

 

Emerging Markets Equity 6.9%

 

JNL Multi-Manager Emerging Markets Equity Fund - Class I (4.4%) (a)

 

5,431

 

53,717

 
 

JNL/GQG Emerging Markets Equity Fund - Class I (7.7%) (a)

 

4,522

 

58,788

 
 

112,505

 

Domestic Fixed Income 3.0%

 

JNL/DoubleLine Total Return Fund - Class I (2.1%) (a)

 

4,455

 

49,225

 
 

Total Investment Companies (cost $1,290,080)

1,629,368

 

Total Investments 100.0% (cost $1,290,080)

1,629,368

 

Other Assets and Liabilities, Net (0.0)%

(377)

 

Total Net Assets 100.0%

 

1,628,991

 

(a)  The Fund's percentage ownership of the underlying affiliated fund at March 31, 2022 is presented parenthetically. The Fund does not invest in the underlying affiliated funds for the purpose of exercising management or control.

       

JNL Conservative Allocation Fund

INVESTMENT COMPANIES 100.0%

Domestic Fixed Income 62.2%

 

JNL/DoubleLine Core Fixed Income Fund - Class I (2.4%) (a)

 

5,907

 

84,113

 
 

JNL/DoubleLine Total Return Fund - Class I (4.5%) (a)

 

9,489

 

104,852

 
 

JNL/Lord Abbett Short Duration Income Fund - Class I (4.3%) (a)

 

3,196

 

32,629

 
 

JNL/PIMCO Income Fund - Class I (4.1%) (a)

 

5,882

 

64,055

 
 

JNL/PIMCO Investment Grade Credit Bond Fund - Class I (2.7%) (a)

 

3,219

 

39,784

 
 

JNL/PIMCO Real Return Fund - Class I (0.8%) (a)

 

1,184

 

14,463

 
 

JNL/PPM America Total Return Fund - Class I (3.7%) (a)

 

4,962

 

64,451

 
 

JNL/T. Rowe Price U.S. High Yield Fund - Class I (7.3%) (a)

 

4,166

 

47,623

 
 

451,970

 

Alternative 9.8%

 

JNL Multi-Manager Alternative Fund - Class I (3.9%) (a)

 

4,352

 

49,529

 
 

JNL/First Sentier Global Infrastructure Fund - Class I (0.3%) (a)

 

143

 

2,620

 
 

JNL/Heitman U.S. Focused Real Estate Fund - Class I (0.6%) (a)

 

136

 

1,879

 

2


JNL Series Trust (Unaudited)

Schedules of Investments (in thousands)

March 31, 2022

        
  

Shares 

 

Value ($) 

 
 

JNL/JPMorgan Hedged Equity Fund - Class I (1.8%) (a)

 

979

 

12,637

 
 

JNL/Neuberger Berman Commodity Strategy Fund - Class I (4.0%) (a)

 

258

 

4,499

 
 

71,164

 

Domestic Equity 9.6%

 

JNL Multi-Manager Mid Cap Fund - Class I (0.7%) (a)

 

681

 

13,063

 
 

JNL Multi-Manager Small Cap Growth Fund - Class I (0.2%) (a)

 

127

 

5,598

 
 

JNL Multi-Manager Small Cap Value Fund - Class I (0.4%) (a)

 

412

 

7,320

 
 

JNL/DoubleLine Shiller Enhanced CAPE Fund - Class I (0.5%) (a)

 

626

 

14,199

 
 

JNL/JPMorgan U.S. Value Fund - Class I (0.8%) (a)

 

840

 

12,949

 
 

JNL/Morningstar Wide Moat Index Fund - Class I (1.7%) (a)

 

1,149

 

16,702

 
 

69,831

 

International Equity 7.1%

 

JNL/Blackrock Global Allocation Fund - Class I (1.0%) (a)

 

2,201

 

35,706

 
 

JNL/Causeway International Value Select Fund - Class I (0.2%) (a)

 

243

 

3,926

 
 

JNL/WCM Focused International Equity Fund - Class I (0.6%) (a)

 

591

 

11,594

 
 

51,226

 

Domestic Balanced 5.4%

 

JNL/T. Rowe Price Capital Appreciation Fund - Class I (0.3%) (a)

 

1,663

 

38,925

 

Emerging Markets Fixed Income 4.0%

 

JNL/DoubleLine Emerging Markets Fixed Income Fund - Class I (3.8%) (a)

 

2,560

 

29,312

 

Emerging Markets Equity 1.1%

 

JNL/GQG Emerging Markets Equity Fund - Class I (1.1%) (a)

 

628

 

8,164

 

Global Equity 0.8%

 

JNL/Loomis Sayles Global Growth Fund - Class I (0.7%) (a)

 

404

 

5,929

 
 

Total Investment Companies (cost $709,719)

726,521

 

Total Investments 100.0% (cost $709,719)

726,521

 

Other Assets and Liabilities, Net (0.0)%

(172)

 

Total Net Assets 100.0%

 

726,349

 

(a)  The Fund's percentage ownership of the underlying affiliated fund at March 31, 2022 is presented parenthetically. The Fund does not invest in the underlying affiliated funds for the purpose of exercising management or control.

        

JNL Growth Allocation Fund

INVESTMENT COMPANIES 100.0%

Domestic Equity 43.2%

 

JNL Multi-Manager Mid Cap Fund - Class I (12.5%) (a)

 

11,434

 

219,427

 
 

JNL Multi-Manager Small Cap Growth Fund - Class I (2.0%) (a)

 

1,319

 

57,913

 
 

JNL Multi-Manager Small Cap Value Fund - Class I (4.1%) (a)

 

4,223

 

75,081

 
 

JNL/Baillie Gifford U.S. Equity Growth Fund - Class I (51.6%) (a)

 

8,345

 

54,912

 
 

JNL/DoubleLine Shiller Enhanced CAPE Fund - Class I (5.4%) (a)

 

6,358

 

144,201

 
 

JNL/JPMorgan U.S. Value Fund - Class I (6.5%) (a)

 

7,031

 

108,421

 
 

JNL/Morningstar Wide Moat Index Fund - Class I (15.0%) (a)

 

10,337

 

150,304

 
 

JNL/T. Rowe Price Established Growth Fund - Class I (0.8%) (a)

 

1,313

 

93,075

 
 

JNL/T. Rowe Price Value Fund - Class I (2.5%) (a)

 

5,692

 

144,981

 
 

1,048,315

 

International Equity 18.5%

 

JNL Multi-Manager International Small Cap Fund - Class I (12.2%) (a)

 

6,869

 

93,622

 
 

JNL/Causeway International Value Select Fund - Class I (9.7%) (a)

 

9,592

 

154,615

 
 

JNL/WCM Focused International Equity Fund - Class I (10.3%) (a)

 

10,229

 

200,701

 
 

448,938

 
  

Shares 

 

Value ($) 

 

Domestic Fixed Income 12.2%

 

JNL/DoubleLine Core Fixed Income Fund - Class I (1.3%) (a)

 

3,217

 

45,814

 
 

JNL/DoubleLine Total Return Fund - Class I (5.1%) (a)

 

10,737

 

118,649

 
 

JNL/Lord Abbett Short Duration Income Fund - Class I (4.0%) (a)

 

3,000

 

30,626

 
 

JNL/PIMCO Investment Grade Credit Bond Fund - Class I (2.9%) (a)

 

3,382

 

41,796

 
 

JNL/T. Rowe Price U.S. High Yield Fund - Class I (9.0%) (a)

 

5,170

 

59,089

 
 

295,974

 

Alternative 10.2%

 

JNL Multi-Manager Alternative Fund - Class I (6.1%) (a)

 

6,759

 

76,923

 
 

JNL/Blackrock Global Natural Resouces Fund - Class I (1.6%) (a)

 

1,551

 

21,246

 
 

JNL/First Sentier Global Infrastructure Fund - Class I (7.1%) (a)

 

3,966

 

72,731

 
 

JNL/Heitman U.S. Focused Real Estate Fund - Class I (12.2%) (a)

 

2,810

 

38,755

 
 

JNL/Neuberger Berman Commodity Strategy Fund - Class I (11.0%) (a)

 

713

 

12,449

 
 

JNL/Westchester Capital Event Driven Fund - Class I (18.9%) (a)

 

2,055

 

25,029

 
 

247,133

 

Global Equity 8.7%

 

JNL/Harris Oakmark Global Equity Fund - Class I (11.1%) (a)

 

7,203

 

97,093

 
 

JNL/Loomis Sayles Global Growth Fund - Class I (14.1%) (a)

 

7,745

 

113,620

 
 

210,713

 

Emerging Markets Equity 5.7%

 

JNL Multi-Manager Emerging Markets Equity Fund - Class I (5.1%) (a)

 

6,315

 

62,453

 
 

JNL/GQG Emerging Markets Equity Fund - Class I (9.9%) (a)

 

5,824

 

75,710

 
 

138,163

 

Emerging Markets Fixed Income 1.5%

 

JNL/DoubleLine Emerging Markets Fixed Income Fund - Class I (4.8%) (a)

 

3,189

 

36,517

 
 

Total Investment Companies (cost $1,963,623)

2,425,753

 

Total Investments 100.0% (cost $1,963,623)

2,425,753

 

Other Assets and Liabilities, Net (0.0)%

(550)

 

Total Net Assets 100.0%

 

2,425,203

 

(a)  The Fund's percentage ownership of the underlying affiliated fund at March 31, 2022 is presented parenthetically. The Fund does not invest in the underlying affiliated funds for the purpose of exercising management or control.

       

JNL Moderate Allocation Fund

INVESTMENT COMPANIES 100.0%

Domestic Fixed Income 42.2%

 

JNL/DoubleLine Core Fixed Income Fund - Class I (4.6%) (a)

 

11,308

 

161,025

 
 

JNL/DoubleLine Total Return Fund - Class I (10.9%) (a)

 

23,229

 

256,684

 
 

JNL/Lord Abbett Short Duration Income Fund - Class I (11.8%) (a)

 

8,782

 

89,670

 
 

JNL/PIMCO Income Fund - Class I (9.4%) (a)

 

13,456

 

146,532

 
 

JNL/PIMCO Investment Grade Credit Bond Fund - Class I (6.9%) (a)

 

8,149

 

100,722

 
 

JNL/PIMCO Real Return Fund - Class I (2.7%) (a)

 

4,219

 

51,514

 
 

JNL/PPM America Total Return Fund - Class I (8.6%) (a)

 

11,440

 

148,609

 
 

JNL/T. Rowe Price U.S. High Yield Fund - Class I (18.5%) (a)

 

10,568

 

120,789

 
 

1,075,545

 

Domestic Equity 20.1%

 

JNL Multi-Manager Mid Cap Fund - Class I (5.5%) (a)

 

5,007

 

96,088

 
 

JNL Multi-Manager Small Cap Growth Fund - Class I (1.2%) (a)

 

832

 

36,520

 
 

JNL Multi-Manager Small Cap Value Fund - Class I (2.9%) (a)

 

2,988

 

53,125

 

3


JNL Series Trust (Unaudited)

Schedules of Investments (in thousands)

March 31, 2022

        
  

Shares 

 

Value ($) 

 
 

JNL/DoubleLine Shiller Enhanced CAPE Fund - Class I (3.0%) (a)

 

3,486

 

79,053

 
 

JNL/JPMorgan U.S. Value Fund - Class I (4.8%) (a)

 

5,140

 

79,263

 
 

JNL/Morningstar Wide Moat Index Fund - Class I (10.7%) (a)

 

7,410

 

107,744

 
 

JNL/T. Rowe Price Established Growth Fund - Class I (0.5%) (a)

 

863

 

61,155

 
 

512,948

 

Alternative 11.2%

 

JNL Multi-Manager Alternative Fund - Class I (12.5%) (a)

 

13,891

 

158,079

 
 

JNL/First Sentier Global Infrastructure Fund - Class I (5.4%) (a)

 

3,047

 

55,878

 
 

JNL/Heitman U.S. Focused Real Estate Fund - Class I (4.6%) (a)

 

1,049

 

14,460

 
 

JNL/JPMorgan Hedged Equity Fund - Class I (5.6%) (a)

 

3,024

 

39,035

 
 

JNL/Neuberger Berman Commodity Strategy Fund - Class I (16.6%) (a)

 

1,069

 

18,669

 
 

286,121

 

International Equity 10.0%

 

JNL Multi-Manager International Small Cap Fund - Class I (3.8%) (a)

 

2,145

 

29,231

 
 

JNL/Blackrock Global Allocation Fund - Class I (2.6%) (a)

 

6,030

 

97,816

 
 

JNL/Causeway International Value Select Fund - Class I (3.2%) (a)

 

3,157

 

50,896

 
 

JNL/WCM Focused International Equity Fund - Class I (3.9%) (a)

 

3,880

 

76,125

 
 

254,068

 

Domestic Balanced 6.2%

 

JNL/T. Rowe Price Capital Appreciation Fund - Class I (1.3%) (a)

 

6,777

 

158,658

 

Global Equity 4.2%

 

JNL/Harris Oakmark Global Equity Fund - Class I (5.7%) (a)

 

3,685

 

49,680

 
 

JNL/Loomis Sayles Global Growth Fund - Class I (7.1%) (a)

 

3,888

 

57,033

 
 

106,713

 

Emerging Markets Fixed Income 3.5%

 

JNL/DoubleLine Emerging Markets Fixed Income Fund - Class I (11.8%) (a)

 

7,843

 

89,808

 

Emerging Markets Equity 2.6%

 

JNL Multi-Manager Emerging Markets Equity Fund - Class I (2.3%) (a)

 

2,923

 

28,908

 
 

JNL/GQG Emerging Markets Equity Fund - Class I (4.7%) (a)

 

2,746

 

35,698

 
 

64,606

 
 

Total Investment Companies (cost $2,230,475)

2,548,467

 

Total Investments 100.0% (cost $2,230,475)

2,548,467

 

Other Assets and Liabilities, Net (0.0)%

(643)

 

Total Net Assets 100.0%

 

2,547,824

 

(a)  The Fund's percentage ownership of the underlying affiliated fund at March 31, 2022 is presented parenthetically. The Fund does not invest in the underlying affiliated funds for the purpose of exercising management or control.

        

JNL Moderate Growth Allocation Fund

INVESTMENT COMPANIES 100.0%

Domestic Equity 29.3%

 

JNL Multi-Manager Mid Cap Fund - Class I (16.9%) (a)

 

15,503

 

297,510

 
 

JNL Multi-Manager Small Cap Growth Fund - Class I (2.8%) (a)

 

1,868

 

82,024

 
 

JNL Multi-Manager Small Cap Value Fund - Class I (5.7%) (a)

 

5,959

 

105,946

 
 

JNL/DoubleLine Shiller Enhanced CAPE Fund - Class I (6.1%) (a)

 

7,143

 

162,001

 
 

JNL/JPMorgan U.S. Value Fund - Class I (9.7%) (a)

 

10,541

 

162,536

 
 

JNL/Morningstar Wide Moat Index Fund - Class I (19.2%) (a)

 

13,280

 

193,086

 
 

JNL/T. Rowe Price Established Growth Fund - Class I (1.4%) (a)

 

2,279

 

161,532

 
 

JNL/T. Rowe Price Value Fund - Class I (3.2%) (a)

 

7,332

 

186,748

 
 

1,351,383

 
  

Shares 

 

Value ($) 

 

Domestic Fixed Income 25.3%

 

JNL/DoubleLine Core Fixed Income Fund - Class I (5.7%) (a)

 

13,973

 

198,978

 
 

JNL/DoubleLine Total Return Fund - Class I (12.2%) (a)

 

25,971

 

286,977

 
 

JNL/Lord Abbett Short Duration Income Fund - Class I (13.8%) (a)

 

10,214

 

104,287

 
 

JNL/PIMCO Income Fund - Class I (9.4%) (a)

 

13,477

 

146,767

 
 

JNL/PIMCO Investment Grade Credit Bond Fund - Class I (6.2%) (a)

 

7,344

 

90,772

 
 

JNL/PIMCO Real Return Fund - Class I (2.5%) (a)

 

3,828

 

46,733

 
 

JNL/PPM America Total Return Fund - Class I (7.7%) (a)

 

10,223

 

132,802

 
 

JNL/T. Rowe Price U.S. High Yield Fund - Class I (24.1%) (a)

 

13,786

 

157,578

 
 

1,164,894

 

International Equity 16.1%

 

JNL Multi-Manager International Small Cap Fund - Class I (11.3%) (a)

 

6,358

 

86,664

 
 

JNL/Blackrock Global Allocation Fund - Class I (4.1%) (a)

 

9,317

 

151,123

 
 

JNL/Causeway International Value Select Fund - Class I (14.5%) (a)

 

14,413

 

232,336

 
 

JNL/WCM Focused International Equity Fund - Class I (13.9%) (a)

 

13,852

 

271,777

 
 

741,900

 

Alternative 12.4%

 

JNL Multi-Manager Alternative Fund - Class I (17.9%) (a)

 

19,862

 

226,031

 
 

JNL/Blackrock Global Natural Resouces Fund - Class I (2.6%) (a)

 

2,551

 

34,950

 
 

JNL/First Sentier Global Infrastructure Fund - Class I (12.2%) (a)

 

6,829

 

125,250

 
 

JNL/Heitman U.S. Focused Real Estate Fund - Class I (22.0%) (a)

 

5,054

 

69,698

 
 

JNL/JPMorgan Hedged Equity Fund - Class I (9.9%) (a)

 

5,375

 

69,385

 
 

JNL/Neuberger Berman Commodity Strategy Fund - Class I (12.4%) (a)

 

798

 

13,931

 
 

JNL/Westchester Capital Event Driven Fund - Class I (25.3%) (a)

 

2,748

 

33,468

 
 

572,713

 

Domestic Balanced 5.8%

 

JNL/T. Rowe Price Capital Appreciation Fund - Class I (2.2%) (a)

 

11,384

 

266,496

 

Global Equity 5.1%

 

JNL/Harris Oakmark Global Equity Fund - Class I (11.6%) (a)

 

7,575

 

102,115

 
 

JNL/Loomis Sayles Global Growth Fund - Class I (16.8%) (a)

 

9,197

 

134,922

 
 

237,037

 

Emerging Markets Equity 4.0%

 

JNL Multi-Manager Emerging Markets Equity Fund - Class I (6.9%) (a)

 

8,597

 

85,025

 
 

JNL/GQG Emerging Markets Equity Fund - Class I (12.9%) (a)

 

7,558

 

98,253

 
 

183,278

 

Emerging Markets Fixed Income 2.0%

 

JNL/DoubleLine Emerging Markets Fixed Income Fund - Class I (12.1%) (a)

 

8,076

 

92,472

 
 

Total Investment Companies (cost $3,787,020)

4,610,173

 

Total Investments 100.0% (cost $3,787,020)

4,610,173

 

Other Assets and Liabilities, Net (0.0)%

(1,124)

 

Total Net Assets 100.0%

 

4,609,049

 

(a)  The Fund's percentage ownership of the underlying affiliated fund at March 31, 2022 is presented parenthetically. The Fund does not invest in the underlying affiliated funds for the purpose of exercising management or control.

       

JNL/American Funds Growth Allocation Fund

INVESTMENT COMPANIES 100.0%

Domestic Equity 45.0%

 

American Funds Insurance Series - Growth Fund - Class 1

 

4,511

 

524,741

 

4


JNL Series Trust (Unaudited)

Schedules of Investments (in thousands)

March 31, 2022

        
  

Shares 

 

Value ($) 

 
 

American Funds Investment Company of America Fund - Class R-6

 

12,563

 

617,876

 
 

American Funds Washington Mutual Investors Fund - Class R-6

 

9,643

 

570,026

 
 

1,712,643

 

Global Equity 18.9%

 

American Funds Insurance Series - Global Growth Fund - Class 1 (a)

 

11,780

 

463,187

 
 

American Funds SMALLCAP World Fund - Class R-6

 

3,646

 

255,845

 
 

719,032

 

Domestic Fixed Income 18.1%

 

American Funds Inflation Linked Bond Fund - Class R-6

 

4,392

 

47,125

 
 

American Funds Insurance Series - American High-Income Trust - Class 1 (a)

 

7,789

 

76,644

 
 

American Funds Insurance Series - Bond Fund of America - Class 1

 

25,172

 

267,574

 
 

American Funds Short Term Bond Fund of America - Class R-6

 

10,706

 

104,166

 
 

American Funds Strategic Bond Fund - Class R-6

 

17,546

 

191,423

 
 

686,932

 

International Equity 9.0%

 

American Funds EuroPacific Growth Fund - Class R-6

 

4,502

 

255,785

 
 

American Funds International Growth and Income Fund - Class R-6

 

2,391

 

85,297

 
 

341,082

 

Emerging Markets Equity 7.5%

 

American Funds New World Fund - Class R-6

 

3,722

 

286,860

 

Emerging Markets Fixed Income 1.5%

 

American Funds Emerging Markets Bond Fund - Class R-6

 

6,990

 

58,154

 
 

Total Investment Companies (cost $3,581,684)

3,804,703

 

Total Investments 100.0% (cost $3,581,684)

3,804,703

 

Other Assets and Liabilities, Net (0.0)%

(1,011)

 

Total Net Assets 100.0%

 

3,803,692

 

(a)  Investment in affiliate.

        

JNL/American Funds Moderate Growth Allocation Fund

INVESTMENT COMPANIES 100.0%

Domestic Fixed Income 36.5%

 

American Funds Inflation Linked Bond Fund - Class R-6

 

4,016

 

43,093

 
 

American Funds Insurance Series - American High-Income Trust - Class 1 (a)

 

9,541

 

93,880

 
 

American Funds Insurance Series - Bond Fund of America - Class 1

 

46,138

 

490,451

 
 

American Funds Short Term Bond Fund of America - Class R-6

 

13,313

 

129,537

 
 

American Funds Strategic Bond Fund - Class R-6

 

26,489

 

288,995

 
 

1,045,956

 

Domestic Equity 34.9%

 

American Funds Insurance Series - Growth Fund - Class 1

 

2,338

 

271,910

 
 

American Funds Investment Company of America Fund - Class R-6

 

8,128

 

399,710

 
 

American Funds Washington Mutual Investors Fund - Class R-6

 

5,549

 

327,971

 
 

999,591

 

Global Equity 13.4%

 

American Funds Insurance Series - Global Growth Fund - Class 1

 

6,138

 

241,339

 
 

American Funds SMALLCAP World Fund - Class R-6

 

2,030

 

142,423

 
 

383,762

 

International Equity 8.2%

 

American Funds EuroPacific Growth Fund - Class R-6

 

2,753

 

156,391

 
 

American Funds International Growth and Income Fund - Class R-6

 

2,195

 

78,334

 
 

234,725

 
  

Shares 

 

Value ($) 

 

Emerging Markets Equity 4.5%

 

American Funds New World Fund - Class R-6

 

1,674

 

129,061

 

Emerging Markets Fixed Income 2.5%

 

American Funds Emerging Markets Bond Fund - Class R-6 (a)

 

8,734

 

72,670

 
 

Total Investment Companies (cost $2,846,091)

2,865,765

 

Total Investments 100.0% (cost $2,846,091)

2,865,765

 

Other Assets and Liabilities, Net (0.0)%

(542)

 

Total Net Assets 100.0%

 

2,865,223

 

(a)  Investment in affiliate.

        

JNL/Goldman Sachs Managed Aggressive Growth Fund

INVESTMENT COMPANIES 100.0%

Domestic Equity 65.5%

 

JNL Multi-Manager Mid Cap Fund - Class I (4.9%) (a)

 

4,502

 

86,394

 
 

JNL Multi-Manager Small Cap Growth Fund - Class I (0.8%) (a)

 

557

 

24,453

 
 

JNL Multi-Manager Small Cap Value Fund - Class I (2.6%) (a)

 

2,752

 

48,932

 
 

JNL/BlackRock Large Cap Select Growth Fund - Class I (4.2%) (a)

 

2,929

 

199,725

 
 

JNL/ClearBridge Large Cap Growth Fund - Class I (14.0%) (a)

 

9,850

 

199,060

 
 

JNL/Invesco Diversified Dividend Fund - Class I (13.4%) (a)

 

10,280

 

146,900

 
 

JNL/JPMorgan MidCap Growth Fund - Class I (1.8%) (a)

 

994

 

61,985

 
 

JNL/JPMorgan U.S. Value Fund - Class I (2.9%) (a)

 

3,189

 

49,171

 
 

JNL/T. Rowe Price Established Growth Fund - Class I (2.5%) (a)

 

4,095

 

290,250

 
 

JNL/T. Rowe Price Mid-Cap Growth Fund - Class I (0.4%) (a)

 

339

 

25,140

 
 

JNL/T. Rowe Price Value Fund - Class I (6.0%) (a)

 

13,546

 

345,015

 
 

JNL/WMC Value Fund - Class I (8.7%) (a)

 

4,633

 

146,723

 
 

1,623,748

 

International Equity 16.0%

 

JNL/Causeway International Value Select Fund - Class I (6.9%) (a)

 

6,886

 

110,999

 
 

JNL/Invesco International Growth Fund - Class I (4.5%) (a)

 

3,241

 

48,492

 
 

JNL/Lazard International Strategic Equity Fund - Class I (14.5%) (a)

 

5,471

 

86,339

 
 

JNL/WCM Focused International Equity Fund - Class I (7.6%) (a)

 

7,603

 

149,173

 
 

395,003

 

Global Equity 6.0%

 

JNL/Invesco Global Growth Fund - Class I (6.8%) (a)

 

6,250

 

149,325

 

Domestic Fixed Income 4.0%

 

JNL/DoubleLine Total Return Fund - Class I (1.1%) (a)

 

2,241

 

24,760

 
 

JNL/PPM America High Yield Bond Fund - Class I (1.3%) (a)

 

1,434

 

25,075

 
 

JNL/PPM America Total Return Fund - Class I (2.8%) (a)

 

3,803

 

49,399

 
 

99,234

 

Emerging Markets Equity 3.5%

 

JNL Multi-Manager Emerging Markets Equity Fund - Class I (4.0%) (a)

 

5,040

 

49,848

 
 

JNL/GQG Emerging Markets Equity Fund - Class I (5.0%) (a)

 

2,914

 

37,881

 
 

87,729

 

Alternative 3.0%

 

JNL Multi-Manager Alternative Fund - Class I (5.9%) (a)

 

6,539

 

74,410

 

Emerging Markets Fixed Income 2.0%

 

JNL/DoubleLine Emerging Markets Fixed Income Fund - Class I (6.4%) (a)

 

4,274

 

48,939

 
 

Total Investment Companies (cost $1,855,829)

2,478,388

 

Total Investments 100.0% (cost $1,855,829)

2,478,388

 

Other Assets and Liabilities, Net (0.0)%

(577)

 

Total Net Assets 100.0%

 

2,477,811

 

5


JNL Series Trust (Unaudited)

Schedules of Investments (in thousands)

March 31, 2022

      
  

Shares 

 

Value ($) 

 

(a)  The Fund's percentage ownership of the underlying affiliated fund at March 31, 2022 is presented parenthetically. The Fund does not invest in the underlying affiliated funds for the purpose of exercising management or control.

        

JNL/Goldman Sachs Managed Conservative Fund

INVESTMENT COMPANIES 100.0%

Domestic Fixed Income 69.3%

 

JNL/DoubleLine Core Fixed Income Fund - Class I (2.2%) (a)

 

5,232

 

74,501

 
 

JNL/DoubleLine Total Return Fund - Class I (4.5%) (a)

 

9,599

 

106,075

 
 

JNL/Fidelity Institutional Asset Management Total Bond Fund - Class I (5.7%) (a)

 

5,985

 

74,877

 
 

JNL/JPMorgan U.S. Government & Quality Bond Fund - Class I (4.6%) (a)

 

5,207

 

74,363

 
 

JNL/Lord Abbett Short Duration Income Fund - Class I (5.6%) (a)

 

4,158

 

42,449

 
 

JNL/PIMCO Income Fund - Class I (3.4%) (a)

 

4,899

 

53,350

 
 

JNL/PIMCO Investment Grade Credit Bond Fund - Class I (8.0%) (a)

 

9,543

 

117,949

 
 

JNL/PIMCO Real Return Fund - Class I (2.2%) (a)

 

3,446

 

42,076

 
 

JNL/PPM America High Yield Bond Fund - Class I (1.1%) (a)

 

1,215

 

21,245

 
 

JNL/PPM America Total Return Fund - Class I (4.3%) (a)

 

5,734

 

74,484

 
 

JNL/T. Rowe Price Short-Term Bond Fund - Class I (2.1%) (a)

 

3,004

 

31,427

 
 

JNL/T. Rowe Price U.S. High Yield Fund - Class I (3.3%) (a)

 

1,868

 

21,349

 
 

734,145

 

Domestic Equity 15.2%

 

JNL Multi-Manager Mid Cap Fund - Class I (0.6%) (a)

 

553

 

10,606

 
 

JNL Multi-Manager Small Cap Growth Fund - Class I (0.4%) (a)

 

241

 

10,576

 
 

JNL/BlackRock Large Cap Select Growth Fund - Class I (0.4%) (a)

 

310

 

21,148

 
 

JNL/ClearBridge Large Cap Growth Fund - Class I (0.7%) (a)

 

524

 

10,596

 
 

JNL/DFA U.S. Core Equity Fund - Class I (1.6%) (a)

 

1,062

 

25,580

 
 

JNL/Invesco Diversified Dividend Fund - Class I (1.8%) (a)

 

1,410

 

20,145

 
 

JNL/JPMorgan MidCap Growth Fund - Class I (0.3%) (a)

 

170

 

10,589

 
 

JNL/T. Rowe Price Established Growth Fund - Class I (0.2%) (a)

 

299

 

21,178

 
 

JNL/T. Rowe Price Value Fund - Class I (0.5%) (a)

 

1,215

 

30,948

 
 

161,366

 

Global Fixed Income 4.0%

 

JNL/Neuberger Berman Strategic Income Fund - Class I (5.1%) (a)

 

3,543

 

42,695

 

International Equity 3.5%

 

JNL/Causeway International Value Select Fund - Class I (0.7%) (a)

 

660

 

10,638

 
 

JNL/Lazard International Strategic Equity Fund - Class I (1.8%) (a)

 

668

 

10,547

 
 

JNL/WCM Focused International Equity Fund - Class I (0.8%) (a)

 

821

 

16,115

 
 

37,300

 

Emerging Markets Fixed Income 3.0%

 

JNL/DoubleLine Emerging Markets Fixed Income Fund - Class I (4.2%) (a)

 

2,794

 

31,994

 

Alternative 3.0%

 

JNL Multi-Manager Alternative Fund - Class I (2.5%) (a)

 

2,806

 

31,928

 

Emerging Markets Equity 1.0%

 

JNL Multi-Manager Emerging Markets Equity Fund - Class I (0.9%) (a)

 

1,093

 

10,810

 

Global Equity 1.0%

 

JNL/Invesco Global Growth Fund - Class I (0.5%) (a)

 

435

 

10,387

 
 

Total Investment Companies (cost $988,271)

1,060,625

 

Total Investments 100.0% (cost $988,271)

1,060,625

 

Other Assets and Liabilities, Net (0.0)%

(294)

 

Total Net Assets 100.0%

 

1,060,331

 
      
  

Shares 

 

Value ($) 

 

(a)  The Fund's percentage ownership of the underlying affiliated fund at March 31, 2022 is presented parenthetically. The Fund does not invest in the underlying affiliated funds for the purpose of exercising management or control.

        

JNL/Goldman Sachs Managed Growth Fund

INVESTMENT COMPANIES 100.0%

Domestic Equity 60.6%

 

JNL Multi-Manager Mid Cap Fund - Class I (10.3%) (a)

 

9,417

 

180,703

 
 

JNL Multi-Manager Small Cap Growth Fund - Class I (1.8%) (a)

 

1,175

 

51,599

 
 

JNL Multi-Manager Small Cap Value Fund - Class I (5.5%) (a)

 

5,751

 

102,252

 
 

JNL/BlackRock Large Cap Select Growth Fund - Class I (7.1%) (a)

 

4,975

 

339,223

 
 

JNL/ClearBridge Large Cap Growth Fund - Class I (25.8%) (a)

 

18,096

 

365,712

 
 

JNL/Invesco Diversified Dividend Fund - Class I (28.0%) (a)

 

21,499

 

307,220

 
 

JNL/JPMorgan MidCap Growth Fund - Class I (3.7%) (a)

 

2,085

 

130,052

 
 

JNL/JPMorgan U.S. Value Fund - Class I (6.2%) (a)

 

6,671

 

102,873

 
 

JNL/T. Rowe Price Established Growth Fund - Class I (5.3%) (a)

 

8,608

 

610,064

 
 

JNL/T. Rowe Price Mid-Cap Growth Fund - Class I (0.8%) (a)

 

708

 

52,494

 
 

JNL/T. Rowe Price Value Fund - Class I (10.8%) (a)

 

24,351

 

620,233

 
 

JNL/WMC Value Fund - Class I (16.7%) (a)

 

8,914

 

282,295

 
 

3,144,720

 

Domestic Fixed Income 13.9%

 

JNL/DoubleLine Core Fixed Income Fund - Class I (3.0%) (a)

 

7,249

 

103,226

 
 

JNL/DoubleLine Total Return Fund - Class I (4.4%) (a)

 

9,324

 

103,026

 
 

JNL/Fidelity Institutional Asset Management Total Bond Fund - Class I (3.9%) (a)

 

4,117

 

51,507

 
 

JNL/PIMCO Income Fund - Class I (3.3%) (a)

 

4,778

 

52,031

 
 

JNL/PIMCO Investment Grade Credit Bond Fund - Class I (7.0%) (a)

 

8,361

 

103,340

 
 

JNL/PIMCO Real Return Fund - Class I (5.4%) (a)

 

8,399

 

102,556

 
 

JNL/PPM America High Yield Bond Fund - Class I (3.9%) (a)

 

4,439

 

77,633

 
 

JNL/PPM America Total Return Fund - Class I (7.4%) (a)

 

9,940

 

129,125

 
 

722,444

 

International Equity 12.9%

 

JNL/Causeway International Value Select Fund - Class I (11.3%) (a)

 

11,191

 

180,392

 
 

JNL/Invesco International Growth Fund - Class I (9.6%) (a)

 

6,827

 

102,139

 
 

JNL/Lazard International Strategic Equity Fund - Class I (26.0%) (a)

 

9,774

 

154,228

 
 

JNL/WCM Focused International Equity Fund - Class I (11.9%) (a)

 

11,914

 

233,763

 
 

670,522

 

Global Equity 4.5%

 

JNL/Invesco Global Growth Fund - Class I (10.6%) (a)

 

9,855

 

235,436

 

Emerging Markets Equity 3.1%

 

JNL Multi-Manager Emerging Markets Equity Fund - Class I (6.4%) (a)

 

7,979

 

78,917

 
 

JNL/GQG Emerging Markets Equity Fund - Class I (10.3%) (a)

 

6,080

 

79,045

 
 

157,962

 

Alternative 3.0%

 

JNL Multi-Manager Alternative Fund - Class I (12.3%) (a)

 

13,648

 

155,312

 

Emerging Markets Fixed Income 2.0%

 

JNL/DoubleLine Emerging Markets Fixed Income Fund - Class I (13.7%) (a)

 

9,110

 

104,304

 
 

Total Investment Companies (cost $3,987,189)

5,190,700

 

Total Investments 100.0% (cost $3,987,189)

5,190,700

 

Other Assets and Liabilities, Net (0.0)%

(1,200)

 

Total Net Assets 100.0%

 

5,189,500

 

6


JNL Series Trust (Unaudited)

Schedules of Investments (in thousands)

March 31, 2022

      
  

Shares 

 

Value ($) 

 

(a)  The Fund's percentage ownership of the underlying affiliated fund at March 31, 2022 is presented parenthetically. The Fund does not invest in the underlying affiliated funds for the purpose of exercising management or control.

        

JNL/Goldman Sachs Managed Moderate Fund

INVESTMENT COMPANIES 100.0%

Domestic Fixed Income 50.9%

 

JNL/DoubleLine Core Fixed Income Fund - Class I (2.9%) (a)

 

6,964

 

99,172

 
 

JNL/DoubleLine Total Return Fund - Class I (5.8%) (a)

 

12,303

 

135,949

 
 

JNL/Fidelity Institutional Asset Management Total Bond Fund - Class I (7.5%) (a)

 

7,930

 

99,200

 
 

JNL/JPMorgan U.S. Government & Quality Bond Fund - Class I (7.7%) (a)

 

8,661

 

123,680

 
 

JNL/Lord Abbett Short Duration Income Fund - Class I (13.0%) (a)

 

9,655

 

98,581

 
 

JNL/PIMCO Income Fund - Class I (6.4%) (a)

 

9,113

 

99,243

 
 

JNL/PIMCO Investment Grade Credit Bond Fund - Class I (13.6%) (a)

 

16,146

 

199,569

 
 

JNL/PIMCO Real Return Fund - Class I (3.8%) (a)

 

5,969

 

72,888

 
 

JNL/PPM America High Yield Bond Fund - Class I (2.5%) (a)

 

2,855

 

49,931

 
 

JNL/PPM America Total Return Fund - Class I (10.0%) (a)

 

13,363

 

173,584

 
 

JNL/T. Rowe Price Short-Term Bond Fund - Class I (4.9%) (a)

 

7,038

 

73,615

 
 

JNL/T. Rowe Price U.S. High Yield Fund - Class I (5.8%) (a)

 

3,306

 

37,792

 
 

1,263,204

 

Domestic Equity 30.6%

 

JNL Multi-Manager Mid Cap Fund - Class I (2.8%) (a)

 

2,593

 

49,756

 
 

JNL Multi-Manager Small Cap Growth Fund - Class I (0.8%) (a)

 

564

 

24,758

 
 

JNL Multi-Manager Small Cap Value Fund - Class I (1.3%) (a)

 

1,380

 

24,545

 
 

JNL/BlackRock Large Cap Select Growth Fund - Class I (1.3%) (a)

 

911

 

62,089

 
 

JNL/ClearBridge Large Cap Growth Fund - Class I (4.4%) (a)

 

3,089

 

62,422

 
 

JNL/DFA U.S. Core Equity Fund - Class I (3.9%) (a)

 

2,549

 

61,400

 
 

JNL/Invesco Diversified Dividend Fund - Class I (7.8%) (a)

 

6,014

 

85,944

 
 

JNL/JPMorgan MidCap Growth Fund - Class I (1.4%) (a)

 

795

 

49,578

 
 

JNL/T. Rowe Price Established Growth Fund - Class I (1.3%) (a)

 

2,141

 

151,738

 
 

JNL/T. Rowe Price Value Fund - Class I (2.6%) (a)

 

5,846

 

148,897

 
 

JNL/WMC Value Fund - Class I (2.2%) (a)

 

1,163

 

36,848

 
 

757,975

 

International Equity 8.0%

 

JNL/Causeway International Value Select Fund - Class I (2.3%) (a)

 

2,321

 

37,409

 
 

JNL/Invesco International Growth Fund - Class I (2.3%) (a)

 

1,621

 

24,255

 
 

JNL/Lazard International Strategic Equity Fund - Class I (12.5%) (a)

 

4,700

 

74,159

 
 

JNL/WCM Focused International Equity Fund - Class I (3.2%) (a)

 

3,171

 

62,207

 
 

198,030

 

Emerging Markets Fixed Income 3.0%

 

JNL/DoubleLine Emerging Markets Fixed Income Fund - Class I (9.8%) (a)

 

6,547

 

74,962

 

Alternative 3.0%

 

JNL Multi-Manager Alternative Fund - Class I (5.9%) (a)

 

6,540

 

74,424

 

Global Fixed Income 2.0%

 

JNL/Neuberger Berman Strategic Income Fund - Class I (6.0%) (a)

 

4,119

 

49,640

 

Emerging Markets Equity 1.5%

 

JNL Multi-Manager Emerging Markets Equity Fund - Class I (2.0%) (a)

 

2,550

 

25,221

 
 

JNL/GQG Emerging Markets Equity Fund - Class I (1.7%) (a)

 

976

 

12,684

 
 

37,905

 
  

Shares 

 

Value ($) 

 

Global Equity 1.0%

 

JNL/Invesco Global Growth Fund - Class I (1.1%) (a)

 

1,037

 

24,763

 
 

Total Investment Companies (cost $2,186,315)

2,480,903

 

Total Investments 100.0% (cost $2,186,315)

2,480,903

 

Other Assets and Liabilities, Net (0.0)%

(629)

 

Total Net Assets 100.0%

 

2,480,274

 

(a)  The Fund's percentage ownership of the underlying affiliated fund at March 31, 2022 is presented parenthetically. The Fund does not invest in the underlying affiliated funds for the purpose of exercising management or control.

       

JNL/Goldman Sachs Managed Moderate Growth Fund

INVESTMENT COMPANIES 100.0%

Domestic Equity 45.6%

 

JNL Multi-Manager Mid Cap Fund - Class I (8.6%) (a)

 

7,925

 

152,079

 
 

JNL Multi-Manager Small Cap Growth Fund - Class I (1.7%) (a)

 

1,152

 

50,581

 
 

JNL Multi-Manager Small Cap Value Fund - Class I (2.7%) (a)

 

2,812

 

50,002

 
 

JNL/BlackRock Large Cap Select Growth Fund - Class I (4.2%) (a)

 

2,980

 

203,185

 
 

JNL/ClearBridge Large Cap Growth Fund - Class I (16.3%) (a)

 

11,407

 

230,531

 
 

JNL/Invesco Diversified Dividend Fund - Class I (18.2%) (a)

 

13,971

 

199,653

 
 

JNL/JPMorgan MidCap Growth Fund - Class I (2.9%) (a)

 

1,629

 

101,634

 
 

JNL/JPMorgan U.S. Value Fund - Class I (4.5%) (a)

 

4,903

 

75,598

 
 

JNL/T. Rowe Price Established Growth Fund - Class I (4.5%) (a)

 

7,324

 

519,070

 
 

JNL/T. Rowe Price Mid-Cap Growth Fund - Class I (0.8%) (a)

 

688

 

51,050

 
 

JNL/T. Rowe Price Value Fund - Class I (7.9%) (a)

 

17,825

 

453,992

 
 

JNL/WMC Value Fund - Class I (13.3%) (a)

 

7,107

 

225,069

 
 

2,312,444

 

Domestic Fixed Income 32.9%

 

JNL/DoubleLine Core Fixed Income Fund - Class I (5.1%) (a)

 

12,436

 

177,087

 
 

JNL/DoubleLine Total Return Fund - Class I (9.7%) (a)

 

20,532

 

226,883

 
 

JNL/Fidelity Institutional Asset Management Total Bond Fund - Class I (9.6%) (a)

 

10,114

 

126,521

 
 

JNL/JPMorgan U.S. Government & Quality Bond Fund - Class I (11.0%) (a)

 

12,376

 

176,726

 
 

JNL/Lord Abbett Short Duration Income Fund - Class I (6.6%) (a)

 

4,927

 

50,308

 
 

JNL/PIMCO Income Fund - Class I (8.2%) (a)

 

11,678

 

127,178

 
 

JNL/PIMCO Investment Grade Credit Bond Fund - Class I (13.9%) (a)

 

16,485

 

203,753

 
 

JNL/PIMCO Real Return Fund - Class I (6.5%) (a)

 

10,193

 

124,456

 
 

JNL/PPM America High Yield Bond Fund - Class I (5.1%) (a)

 

5,798

 

101,405

 
 

JNL/PPM America Total Return Fund - Class I (14.6%) (a)

 

19,536

 

253,774

 
 

JNL/T. Rowe Price Short-Term Bond Fund - Class I (3.3%) (a)

 

4,787

 

50,071

 
 

JNL/T. Rowe Price U.S. High Yield Fund - Class I (7.8%) (a)

 

4,454

 

50,906

 
 

1,669,068

 

International Equity 10.5%

 

JNL/Causeway International Value Select Fund - Class I (7.9%) (a)

 

7,867

 

126,821

 
 

JNL/Invesco International Growth Fund - Class I (4.7%) (a)

 

3,344

 

50,030

 
 

JNL/Lazard International Strategic Equity Fund - Class I (25.5%) (a)

 

9,605

 

151,571

 
 

JNL/WCM Focused International Equity Fund - Class I (10.4%) (a)

 

10,412

 

204,287

 
 

532,709

 

Global Equity 3.0%

 

JNL/Invesco Global Growth Fund - Class I (6.9%) (a)

 

6,370

 

152,190

 

Alternative 3.0%

 

JNL Multi-Manager Alternative Fund - Class I (12.0%) (a)

 

13,368

 

152,125

 

7


JNL Series Trust (Unaudited)

Schedules of Investments (in thousands)

March 31, 2022

        
  

Shares 

 

Value ($) 

 

Emerging Markets Equity 2.0%

 

JNL Multi-Manager Emerging Markets Equity Fund - Class I (4.2%) (a)

 

5,219

 

51,615

 
 

JNL/GQG Emerging Markets Equity Fund - Class I (6.7%) (a)

 

3,947

 

51,308

 
 

102,923

 

Emerging Markets Fixed Income 2.0%

 

JNL/DoubleLine Emerging Markets Fixed Income Fund - Class I (13.4%) (a)

 

8,915

 

102,078

 

Global Fixed Income 1.0%

 

JNL/Neuberger Berman Strategic Income Fund - Class I (6.1%) (a)

 

4,224

 

50,894

 
 

Total Investment Companies (cost $4,168,137)

5,074,431

 

Total Investments 100.0% (cost $4,168,137)

5,074,431

 

Other Assets and Liabilities, Net (0.0)%

(1,224)

 

Total Net Assets 100.0%

 

5,073,207

 

(a)  The Fund's percentage ownership of the underlying affiliated fund at March 31, 2022 is presented parenthetically. The Fund does not invest in the underlying affiliated funds for the purpose of exercising management or control.

        

JNL iShares Tactical Growth Fund

INVESTMENT COMPANIES 98.6%

Domestic Equity 50.1%

 

iShares Cohen & Steers REIT ETF (a)

 

110

 

7,829

 
 

iShares Core Dividend Growth ETF (a)

 

386

 

20,615

 
 

iShares Core S&P 500 ETF

 

42

 

19,225

 
 

iShares Core S&P Mid-Cap ETF

 

97

 

26,134

 
 

iShares Edge MSCI USA Quality Factor ETF

 

210

 

28,325

 
 

iShares Morningstar Large-Cap Value ETF

 

377

 

25,864

 
 

iShares S&P Small-Cap 600 Value ETF (a)

 

148

 

15,100

 
 

iShares S&P Small-Cap ETF

 

86

 

9,233

 
 

iShares U.S. Technology ETF (a)

 

142

 

14,578

 
 

166,903

 

Domestic Fixed Income 14.9%

 

iShares 0-5 Year High Yield Corporate Bond ETF (a)

 

172

 

7,571

 
 

iShares Core Total U.S. Bond Market ETF

 

169

 

18,098

 
 

iShares Intermediate-Term Corp. ETF

 

81

 

4,433

 
 

iShares Liquidity Income ETF (a)

 

208

 

10,423

 
 

iShares MBS ETF

 

89

 

9,032

 
 

49,557

 

Global Equity 13.5%

 

iShares Exponential Technologies ETF

 

169

 

9,975

 
 

iShares Global Healthcare ETF (a)

 

224

 

19,637

 
 

iShares Global Infrastructure ETF (a)

 

304

 

15,470

 
 

45,082

 

International Equity 10.8%

 

iShares Edge MSCI Intl Quality Factor ETF (a)

 

770

 

28,391

 
 

iShares MSCI EAFE Small Cap Index ETF

 

112

 

7,433

 
 

35,824

 

Emerging Markets Equity 7.9%

 

iShares Core MSCI Emerging Markets ETF

 

471

 

26,183

 

Emerging Markets Fixed Income 1.4%

 

iShares JPMorgan USD Emerging Markets Bond ETF

 

46

 

4,525

 
 

Total Investment Companies (cost $282,530)

328,074

 

SHORT TERM INVESTMENTS 22.3%

Securities Lending Collateral 20.9%

 

JNL Securities Lending Collateral Fund, 0.23% (b) (c)

 

69,609

 

69,609

 

Investment Companies 1.4%

 

JNL Government Money Market Fund, 0.01% (b) (c)

 

4,746

 

4,746

 
 

Total Short Term Investments (cost $74,355)

74,355

 

Total Investments 120.9% (cost $356,885)

402,429

 

Other Assets and Liabilities, Net (20.9)%

(69,581)

 

Total Net Assets 100.0%

 

332,848

 

(a)  All or a portion of the security was on loan as of March 31, 2022.

(b)  Investment in affiliate.

(c)  Yield changes daily to reflect current market conditions. Rate was the quoted yield as of March 31, 2022.

        
  

Shares 

 

Value ($) 

 

JNL iShares Tactical Moderate Fund

INVESTMENT COMPANIES 100.0%

Domestic Fixed Income 51.6%

 

iShares 0-5 Year High Yield Corporate Bond ETF (a)

 

340

 

14,948

 
 

iShares 0-5 Year TIPS Bond ETF (a)

 

68

 

7,174

 
 

iShares Core Total U.S. Bond Market ETF

 

338

 

36,210

 
 

iShares Intermediate-Term Corp. ETF (a)

 

207

 

11,370

 
 

iShares Liquidity Income ETF (a)

 

373

 

18,703

 
 

iShares MBS ETF (a)

 

182

 

18,503

 
 

106,908

 

Domestic Equity 26.9%

 

iShares Cohen & Steers REIT ETF (a)

 

23

 

1,634

 
 

iShares Core Dividend Growth ETF

 

98

 

5,240

 
 

iShares Core S&P 500 ETF

 

19

 

8,608

 
 

iShares Core S&P Mid-Cap ETF

 

34

 

9,065

 
 

iShares Edge MSCI USA Quality Factor ETF

 

85

 

11,472

 
 

iShares Morningstar Large-Cap Value ETF

 

98

 

6,749

 
 

iShares S&P Small-Cap 600 Value ETF (a)

 

49

 

4,975

 
 

iShares S&P Small-Cap ETF

 

25

 

2,729

 
 

iShares U.S. Technology ETF (a)

 

52

 

5,333

 
 

55,805

 

Global Equity 7.3%

 

iShares Exponential Technologies ETF (a)

 

53

 

3,140

 
 

iShares Global Healthcare ETF (a)

 

82

 

7,141

 
 

iShares Global Infrastructure ETF

 

93

 

4,735

 
 

15,016

 

International Equity 6.4%

 

iShares Edge MSCI Intl Quality Factor ETF (a)

 

295

 

10,874

 
 

iShares MSCI EAFE Small Cap Index ETF

 

36

 

2,391

 
 

13,265

 

Emerging Markets Fixed Income 4.0%

 

iShares JPMorgan USD Emerging Markets Bond ETF

 

84

 

8,223

 

Emerging Markets Equity 3.8%

 

iShares Core MSCI Emerging Markets ETF

 

143

 

7,960

 
 

Total Investment Companies (cost $199,892)

207,177

 

SHORT TERM INVESTMENTS 27.4%

Securities Lending Collateral 27.1%

 

JNL Securities Lending Collateral Fund, 0.23% (b) (c)

 

56,141

 

56,141

 

Investment Companies 0.3%

 

JNL Government Money Market Fund, 0.01% (b) (c)

 

667

 

667

 
 

Total Short Term Investments (cost $56,808)

56,808

 

Total Investments 127.4% (cost $256,700)

263,985

 

Other Assets and Liabilities, Net (27.4)%

(56,800)

 

Total Net Assets 100.0%

 

207,185

 

(a)  All or a portion of the security was on loan as of March 31, 2022.

(b)  Investment in affiliate.

(c)  Yield changes daily to reflect current market conditions. Rate was the quoted yield as of March 31, 2022.

       

JNL iShares Tactical Moderate Growth Fund

INVESTMENT COMPANIES 99.1%

Domestic Equity 38.2%

 

iShares Cohen & Steers REIT ETF (a)

 

78

 

5,515

 
 

iShares Core Dividend Growth ETF (a)

 

304

 

16,209

 
 

iShares Core S&P 500 ETF

 

38

 

17,409

 
 

iShares Core S&P Mid-Cap ETF

 

77

 

20,611

 
 

iShares Edge MSCI USA Quality Factor ETF

 

190

 

25,520

 
 

iShares Morningstar Large-Cap Value ETF

 

260

 

17,811

 
 

iShares S&P Small-Cap 600 Value ETF (a)

 

115

 

11,820

 
 

iShares S&P Small-Cap ETF

 

67

 

7,228

 
 

iShares U.S. Technology ETF (a)

 

114

 

11,769

 
 

133,892

 

Domestic Fixed Income 32.9%

 

iShares 0-5 Year High Yield Corporate Bond ETF (a)

 

384

 

16,888

 
 

iShares 0-5 Year TIPS Bond ETF

 

53

 

5,507

 
 

iShares Core Total U.S. Bond Market ETF

 

367

 

39,264

 
 

iShares Intermediate-Term Corp. ETF (a)

 

228

 

12,522

 
 

iShares Liquidity Income ETF (a)

 

402

 

20,181

 

8


JNL Series Trust (Unaudited)

Schedules of Investments (in thousands)

March 31, 2022

        
  

Shares 

 

Value ($) 

 
 

iShares MBS ETF

 

204

 

20,813

 
 

115,175

 

Global Equity 10.4%

 

iShares Exponential Technologies ETF (a)

 

149

 

8,809

 
 

iShares Global Healthcare ETF (a)

 

179

 

15,714

 
 

iShares Global Infrastructure ETF

 

231

 

11,754

 
 

36,277

 

International Equity 9.4%

 

iShares Edge MSCI Intl Quality Factor ETF (a)

 

745

 

27,468

 
 

iShares MSCI EAFE Small Cap Index ETF

 

84

 

5,576

 
 

33,044

 

Emerging Markets Equity 5.9%

 

iShares Core MSCI Emerging Markets ETF

 

370

 

20,542

 

Emerging Markets Fixed Income 2.3%

 

iShares JPMorgan USD Emerging Markets Bond ETF

 

82

 

7,980

 
 

Total Investment Companies (cost $307,745)

346,910

 

SHORT TERM INVESTMENTS 17.6%

Securities Lending Collateral 16.6%

 

JNL Securities Lending Collateral Fund, 0.23% (b) (c)

 

58,220

 

58,220

 

Investment Companies 1.0%

 

JNL Government Money Market Fund, 0.01% (b) (c)

 

3,407

 

3,407

 
 

Total Short Term Investments (cost $61,627)

61,627

 

Total Investments 116.7% (cost $369,372)

408,537

 

Other Assets and Liabilities, Net (16.7)%

(58,486)

 

Total Net Assets 100.0%

 

350,051

 

(a)  All or a portion of the security was on loan as of March 31, 2022.

(b)  Investment in affiliate.

(c)  Yield changes daily to reflect current market conditions. Rate was the quoted yield as of March 31, 2022.

        

JNL/Vanguard Growth ETF Allocation Fund

INVESTMENT COMPANIES 100.0%

Domestic Equity 53.7%

 

Vanguard Dividend Appreciation ETF (a)

 

1,026

 

166,412

 
 

Vanguard Growth ETF (a)

 

738

 

212,343

 
 

Vanguard Mid-Cap ETF (a)

 

482

 

114,541

 
 

Vanguard REIT ETF

 

598

 

64,756

 
 

Vanguard Small-Cap ETF (a)

 

563

 

119,619

 
 

Vanguard Total Stock Market ETF (a)

 

1,331

 

303,026

 
 

Vanguard Value ETF

 

1,658

 

245,042

 
 

1,225,739

 

International Equity 19.2%

 

Vanguard FTSE All-World ex-US Small-Cap Index ETF (a)

 

413

 

51,159

 
 

Vanguard FTSE Developed Markets ETF (a)

 

8,063

 

387,285

 
 

438,444

 

Domestic Fixed Income 17.2%

 

Vanguard Intermediate-Term Corporate Bond ETF (a)

 

733

 

63,076

 
 

Vanguard Mortgage-Backed Securities ETF (a)

 

1,255

 

62,851

 
 

Vanguard Short-Term Corporate Bond ETF (a)

 

1,022

 

79,838

 
 

Vanguard Short-Term Inflation-Protected Securities Index ETF

 

772

 

39,534

 
 

Vanguard Total Bond Market ETF

 

1,365

 

108,528

 
 

Vanguard Ultra-Short Bond ETF

 

809

 

39,975

 
 

393,802

 

Emerging Markets Equity 8.4%

 

Vanguard MSCI Emerging Markets ETF (a)

 

4,175

 

192,589

 

Emerging Markets Fixed Income 1.5%

 

Vanguard Emerging Markets Government Bond ETF (a)

 

498

 

34,755

 
 

Total Investment Companies (cost $2,215,291)

2,285,329

 

SHORT TERM INVESTMENTS 12.3%

Securities Lending Collateral 12.3%

 

JNL Securities Lending Collateral Fund, 0.23% (b) (c)

 

279,780

 

279,780

 
  

Shares 

 

Value ($) 

 

Investment Companies 0.0%

 

JNL Government Money Market Fund, 0.01% (b) (c)

 

715

 

715

 
 

Total Short Term Investments (cost $280,495)

280,495

 

Total Investments 112.3% (cost $2,495,786)

2,565,824

 

Other Assets and Liabilities, Net (12.3)%

(280,585)

 

Total Net Assets 100.0%

 

2,285,239

 

(a)  All or a portion of the security was on loan as of March 31, 2022.

(b)  Investment in affiliate.

(c)  Yield changes daily to reflect current market conditions. Rate was the quoted yield as of March 31, 2022.

        

JNL/Vanguard Moderate ETF Allocation Fund

INVESTMENT COMPANIES 99.9%

Domestic Fixed Income 53.9%

 

Vanguard Intermediate-Term Corporate Bond ETF (a)

 

601

 

51,693

 
 

Vanguard Mortgage-Backed Securities ETF (a)

 

1,259

 

63,072

 
 

Vanguard Short-Term Corporate Bond ETF (a)

 

806

 

62,924

 
 

Vanguard Short-Term Inflation-Protected Securities Index ETF (a)

 

331

 

16,973

 
 

Vanguard Total Bond Market ETF

 

1,152

 

91,641

 
 

Vanguard Ultra-Short Bond ETF (a)

 

463

 

22,880

 
 

309,183

 

Domestic Equity 28.0%

 

Vanguard Dividend Appreciation ETF

 

186

 

30,207

 
 

Vanguard Growth ETF

 

70

 

20,140

 
 

Vanguard Mid-Cap ETF (a)

 

72

 

17,228

 
 

Vanguard REIT ETF

 

54

 

5,896

 
 

Vanguard Small-Cap ETF

 

54

 

11,435

 
 

Vanguard Total Stock Market ETF (a)

 

239

 

54,461

 
 

Vanguard Value ETF

 

145

 

21,427

 
 

160,794

 

International Equity 9.5%

 

Vanguard FTSE All-World ex-US Small-Cap Index ETF (a)

 

46

 

5,683

 
 

Vanguard FTSE Developed Markets ETF (a)

 

1,011

 

48,540

 
 

54,223

 

Emerging Markets Fixed Income 4.5%

 

Vanguard Emerging Markets Government Bond ETF

 

374

 

26,109

 

Emerging Markets Equity 4.0%

 

Vanguard MSCI Emerging Markets ETF (a)

 

493

 

22,718

 
 

Total Investment Companies (cost $558,218)

573,027

 

SHORT TERM INVESTMENTS 27.8%

Securities Lending Collateral 27.7%

 

JNL Securities Lending Collateral Fund, 0.23% (b) (c)

 

159,180

 

159,180

 

Investment Companies 0.1%

 

JNL Government Money Market Fund, 0.01% (b) (c)

 

320

 

320

 
 

Total Short Term Investments (cost $159,500)

159,500

 

Total Investments 127.7% (cost $717,718)

732,527

 

Other Assets and Liabilities, Net (27.7)%

(159,007)

 

Total Net Assets 100.0%

 

573,520

 

(a)  All or a portion of the security was on loan as of March 31, 2022.

(b)  Investment in affiliate.

(c)  Yield changes daily to reflect current market conditions. Rate was the quoted yield as of March 31, 2022.

       

JNL/Vanguard Moderate Growth ETF Allocation Fund

INVESTMENT COMPANIES 100.0%

Domestic Equity 40.4%

 

Vanguard Dividend Appreciation ETF (a)

 

349

 

56,659

 
 

Vanguard Growth ETF (a)

 

231

 

66,520

 
 

Vanguard Mid-Cap ETF (a)

 

145

 

34,420

 
 

Vanguard REIT ETF

 

187

 

20,250

 
 

Vanguard Small-Cap ETF (a)

 

150

 

31,789

 
 

Vanguard Total Stock Market ETF

 

517

 

117,815

 
 

Vanguard Value ETF

 

463

 

68,499

 
 

395,952

 

Domestic Fixed Income 36.0%

 

Vanguard Intermediate-Term Corporate Bond ETF (a)

 

743

 

63,937

 

9


JNL Series Trust (Unaudited)

Schedules of Investments (in thousands)

March 31, 2022

        
  

Shares 

 

Value ($) 

 
 

Vanguard Mortgage-Backed Securities ETF

 

1,372

 

68,738

 
 

Vanguard Short-Term Corporate Bond ETF (a)

 

941

 

73,475

 
 

Vanguard Short-Term Inflation-Protected Securities Index ETF

 

379

 

19,394

 
 

Vanguard Total Bond Market ETF

 

1,233

 

98,090

 
 

Vanguard Ultra-Short Bond ETF (a)

 

595

 

29,389

 
 

353,023

 

International Equity 14.2%

 

Vanguard FTSE All-World ex-US Small-Cap Index ETF (a)

 

137

 

17,020

 
 

Vanguard FTSE Developed Markets ETF (a)

 

2,545

 

122,250

 
 

139,270

 

Emerging Markets Equity 6.4%

 

Vanguard MSCI Emerging Markets ETF (a)

 

1,371

 

63,224

 

Emerging Markets Fixed Income 3.0%

 

Vanguard Emerging Markets Government Bond ETF (a)

 

427

 

29,809

 
 

Total Investment Companies (cost $919,070)

981,278

 

SHORT TERM INVESTMENTS 23.0%

Securities Lending Collateral 23.0%

 

JNL Securities Lending Collateral Fund, 0.23% (b) (c)

 

225,411

 

225,411

 

Investment Companies 0.0%

 

JNL Government Money Market Fund, 0.01% (b) (c)

 

505

 

505

 
 

Total Short Term Investments (cost $225,916)

225,916

 

Total Investments 123.0% (cost $1,144,986)

1,207,194

 

Other Assets and Liabilities, Net (23.0)%

(225,720)

 

Total Net Assets 100.0%

 

981,474

 

(a)  All or a portion of the security was on loan as of March 31, 2022.

(b)  Investment in affiliate.

(c)  Yield changes daily to reflect current market conditions. Rate was the quoted yield as of March 31, 2022.

10


JNL Series Trust (Unaudited)

Schedules of Investments (in thousands)

March 31, 2022

Long Term Investments in Affiliates

The Funds of Funds, except for JNL/American Funds Funds of Funds, invested solely in shares of other affiliated Funds advised by Jackson National Asset Management, LLC. The JNL/American Funds Funds of Funds may invest in underlying funds that are considered affiliated companies. As defined by the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the outstanding voting securities. Based on each Fund’s relative ownership for all or some portion of the period ended March 31, 2022, certain Funds of Funds may be deemed an affiliated person thereof under the 1940 Act. JNL/American Funds Feeder Funds and JNL Mellon Feeder Funds invest primarily all of their investable assets in the respective Master Fund. Due to their ownership of more than 5% of the shares of the Master Fund, certain Feeder Funds may be deemed an affiliated person thereof under the Investment Company Act of 1940. The following table details each Fund's long term investments in affiliates held during the period ended March 31, 2022.

                          

Affiliate

 

Value Beginning of Period($)

 

Purchases($)

 

Sales Proceeds($)

 

Distributions from Funds($)

 

Realized Gain/Loss from Sales($)

 

Change in Unrealized Appreciation (Depreciation)($)

 

Value End of Period($)

 

Percentage of Net Assets(%)

JNL/American Funds Balanced Fund

            
 

American Funds Insurance Series - Asset Allocation Fund - Class 1

 

2,839,027

 

71,926

 

16,140

 

 

2,801

 

(142,578

)

2,755,036

 

100.0

   

2,839,027 

 

71,926 

 

16,140 

 

 

 

2,801

 

(142,578

)

2,755,036 

 

100.0

JNL/American Funds Capital Income Builder Fund

            
 

American Funds Insurance Series - Capital Income Builder Fund - Class 1

 

282,692

 

41,264

 

1,691

 

1,756

 

329

 

(7,268

)

315,326

 

100.0

   

282,692 

 

41,264 

 

1,691 

 

1,756 

 

329

 

(7,268

)

315,326 

 

100.0

JNL/American Funds Capital World Bond Fund

            
 

American Funds Insurance Series - Capital World Bond Fund - Class 1

 

485,980

 

2,105

 

17,275