NPORT-P
    false
    
      
      
        
          0000933691
          XXXXXXXX
        
      
      
      
      
        S000064958
        C000210327
        C000210326
      
      
      
    
  
  
    
      JNL Series Trust
      811-8894
      0000933691
      549300T5WIPN6IWM0D45
      1 Corporate Way
      Lansing
      
      48951
      517-367-4336
      JNL/AQR Large Cap Defensive Style Fund
      S000064958
      549300S65IVQ2U9IZZ79
      2022-12-31
      2022-03-31
      N
    
    
      402987792.460000000000
      1012275.990000000000
      401975516.470000000000
      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
      1416600.910000000000
      
        
      
      
        
          
            UST
          
        
      
      
        
          
          
        
        
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
        
        
        
        
      
      
      
      
      
      
    
    
      
        Adobe Inc.
        FU4LY2G4933NH2E1CP29
        Adobe Inc.
        00724F101
        
          
          
          
        
        8944
        NS
        USD
        4075065.28
        1.0137595732
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        BlackRock, Inc.
        549300LRIF3NWCU26A80
        BlackRock, Inc.
        09247X101
        
          
          
          
        
        5989
        NS
        USD
        4576614.13
        1.1385305678
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Charter Communications, Inc.
        0J0XRGZE3PBRFEZ7MV65
        Charter Communications, Inc.
        16119P108
        
          
          
          
        
        4247
        NS
        USD
        2316823.44
        0.5763593416
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        The Clorox Company
        54930044KVSC06Z79I06
        The Clorox Company
        189054109
        
          
          
          
        
        16842
        NS
        USD
        2341543.26
        0.5825089251
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Gilead Sciences, Inc.
        549300WTZWR07K8MNV44
        Gilead Sciences, Inc.
        375558103
        
          
          
          
        
        2754
        NS
        USD
        163725.3
        0.0407301672
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Old Dominion Freight Line, Inc.
        5299009TWK32WE417T96
        Old Dominion Freight Line, Inc.
        679580100
        
          
          
          
        
        16628
        NS
        USD
        4966451.04
        1.2355108300
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Thermo Fisher Scientific Inc.
        HCHV7422L5HDJZCRFL38
        Thermo Fisher Scientific Inc.
        883556102
        
          
          
          
        
        9182
        NS
        USD
        5423348.3
        1.3491737874
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Zoetis Inc.
        549300HD9Q1LOC9KLJ48
        Zoetis Inc.
        98978V103
        
          
          
          
        
        17270
        NS
        USD
        3256949.3
        0.8102357399
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Agilent Technologies, Inc.
        QUIX8Y7A2WP0XRMW7G29
        Agilent Technologies, Inc.
        00846U101
        
          
          
          
        
        8700
        NS
        USD
        1151271
        0.2864032641
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Anthem, Inc.
        8MYN82XMYQH89CTMTH67
        Anthem, Inc.
        036752103
        
          
          
          
        
        8349
        NS
        USD
        4101195.78
        1.0202600935
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        The Coca-Cola Company
        UWJKFUJFZ02DKWI3RY53
        The Coca-Cola Company
        191216100
        
          
          
          
        
        86566
        NS
        USD
        5367092
        1.3351788306
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Johnson & Johnson
        549300G0CFPGEF6X2043
        Johnson & Johnson
        478160104
        
          
          
          
        
        33067
        NS
        USD
        5860464.41
        1.4579157610
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        West Pharmaceutical Services, Inc.
        5493007NKRGM1RJQ1P16
        West Pharmaceutical Services, Inc.
        955306105
        
          
          
          
        
        631
        NS
        USD
        259158.01
        0.0644710932
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Archer-Daniels-Midland Company
        549300LO13MQ9HYSTR83
        Archer-Daniels-Midland Company
        039483102
        
          
          
          
        
        13975
        NS
        USD
        1261383.5
        0.3137961016
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Broadcom Inc.
        549300WV6GIDOZJTV909
        Broadcom Inc.
        11135F101
        
          
          
          
        
        2686
        NS
        USD
        1691320.48
        0.4207521132
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Copart, Inc.
        549300KVYX3JWMYEHU61
        Copart, Inc.
        217204106
        
          
          
          
        
        12910
        NS
        USD
        1619817.7
        0.4029642686
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Dollar General Corporation
        OPX52SQVOZI8IVSWYU66
        Dollar General Corporation
        256677105
        
          
          
          
        
        3337
        NS
        USD
        742916.31
        0.1848163083
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        First Citizens BancShares, Inc.
        549300N3Z00ZHE2XC526
        First Citizens BancShares, Inc.
        31946M103
        
          
          
          
        
        1463
        NS
        USD
        973772.8
        0.2422467937
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Stryker Corporation
        5493002F0SC4JTBU5137
        Stryker Corporation
        863667101
        
          
          
          
        
        7442
        NS
        USD
        1989618.7
        0.4949601701
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Zoom Video Communications, Inc.
        549300T9GCHU0ODOM055
        Zoom Video Communications, Inc.
        98980L101
        
          
          
          
        
        6047
        NS
        USD
        708889.81
        0.1763514893
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Abbott Laboratories
        HQD377W2YR662HK5JX27
        Abbott Laboratories
        002824100
        
          
          
          
        
        43421
        NS
        USD
        5139309.56
        1.2785130809
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        C.H. Robinson Worldwide, Inc.
        529900WNWN5L0OVDHA79
        C.H. Robinson Worldwide, Inc.
        12541W209
        
          
          
          
        
        4247
        NS
        USD
        457444.37
        0.1137990627
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Cintas Corporation
        N/A
        Cintas Corporation
        172908105
        
          
          
          
        
        1900
        NS
        USD
        808241
        0.2010672210
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Hess Corporation
        UASVRYNXNK17ULIGK870
        Hess Corporation
        42809H107
        
          
          
          
        
        14531
        NS
        USD
        1555398.24
        0.3869385513
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Microsoft Corporation
        INR2EJN1ERAN0W5ZP974
        Microsoft Corporation
        594918104
        
          
          
          
        
        17390
        NS
        USD
        5361510.9
        1.3337904127
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        NortonLifelock Inc.
        YF6ZV0M6AU4FY94MK914
        NortonLifelock Inc.
        668771108
        
          
          
          
        
        53890
        NS
        USD
        1429162.8
        0.3555347879
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Royal Gold, Inc.
        5493001NGRU6SFL04184
        Royal Gold, Inc.
        780287108
        
          
          
          
        
        3146
        NS
        USD
        444466.88
        0.1105706347
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        The Sherwin-Williams Company
        Z15BMIOX8DDH0X2OBP21
        The Sherwin-Williams Company
        824348106
        
          
          
          
        
        15225
        NS
        USD
        3800464.5
        0.9454467609
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Tyler Technologies, Inc.
        25490040SMU4Z8LBCW70
        Tyler Technologies, Inc.
        902252105
        
          
          
          
        
        263
        NS
        USD
        117006.07
        0.0291077604
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        UnitedHealth Group Incorporated
        549300GHBMY8T5GXDE41
        UnitedHealth Group Incorporated
        91324P102
        
          
          
          
        
        11374
        NS
        USD
        5800398.78
        1.4429731519
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Vertex Pharmaceuticals Incorporated
        54930015RAQRRZ5ZGJ91
        Vertex Pharmaceuticals Incorporated
        92532F100
        
          
          
          
        
        8064
        NS
        USD
        2104462.08
        0.5235299151
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        AbbVie Inc.
        FR5LCKFTG8054YNNRU85
        AbbVie Inc.
        00287Y109
        
          
          
          
        
        28176
        NS
        USD
        4567611.36
        1.1362909364
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Air Products and Chemicals, Inc.
        7QEON6Y1RL5XR3R1W237
        Air Products and Chemicals, Inc.
        009158106
        
          
          
          
        
        6730
        NS
        USD
        1681894.3
        0.4184071495
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Alphabet Inc.
        5493006MHB84DD0ZWV18
        Alphabet Inc.
        02079K305
        
          
          
          
        
        1980
        NS
        USD
        5507073
        1.3700020957
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        DTE Energy Company
        549300IX8SD6XXD71I78
        DTE Energy Company
        233331107
        
          
          
          
        
        1352
        NS
        USD
        178747.92
        0.0444673650
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Electronic Arts Inc.
        549300O7A67PUEYKDL45
        Electronic Arts Inc.
        285512109
        
          
          
          
        
        1366
        NS
        USD
        172812.66
        0.0429908422
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Amazon.com, Inc.
        ZXTILKJKG63JELOEG630
        Amazon.com, Inc.
        023135106
        
          
          
          
        
        1592
        NS
        USD
        5189840.4
        1.2910837072
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        AutoZone, Inc.
        GA3JGKJ41LJKXDN23E90
        AutoZone, Inc.
        053332102
        
          
          
          
        
        443
        NS
        USD
        905748.94
        0.2253244048
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Meta Platforms, Inc.
        BQ4BKCS1HXDV9HN80Z93
        Meta Platforms, Inc.
        30303M102
        
          
          
          
        
        12628
        NS
        USD
        2807962.08
        0.6985405740
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Republic Services, Inc.
        NKNQHM6BLECKVOQP7O46
        Republic Services, Inc.
        760759100
        
          
          
          
        
        40513
        NS
        USD
        5367972.5
        1.3353978738
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Church & Dwight Co., Inc.
        POOXSI30AWAQGYJZC921
        Church & Dwight Co., Inc.
        171340102
        
          
          
          
        
        14665
        NS
        USD
        1457407.7
        0.3625613104
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Cisco Systems, Inc.
        549300LKFJ962MZ46593
        Cisco Systems, Inc.
        17275R102
        
          
          
          
        
        36536
        NS
        USD
        2037247.36
        0.5068088171
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        ResMed Inc.
        529900T3QE5253CCXF22
        ResMed Inc.
        761152107
        
          
          
          
        
        2215
        NS
        USD
        537159.65
        0.1336299421
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Union Pacific Corporation
        549300LMMRSZZCZ8CL11
        Union Pacific Corporation
        907818108
        
          
          
          
        
        11643
        NS
        USD
        3180984.03
        0.7913377556
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Colgate-Palmolive Company
        YMEGZFW4SBUSS5BQXF88
        Colgate-Palmolive Company
        194162103
        
          
          
          
        
        62224
        NS
        USD
        4718445.92
        1.1738142565
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Deere & Company
        PWFTNG3EI0Y73OXWDH08
        Deere & Company
        244199105
        
          
          
          
        
        4400
        NS
        USD
        1828024
        0.4547600352
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Waste Management, Inc.
        549300YX8JIID70NFS41
        Waste Management, Inc.
        94106L109
        
          
          
          
        
        35901
        NS
        USD
        5690308.5
        1.4155858421
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Eaton Corporation Public Limited Company
        549300VDIGTMXUNT7H71
        Eaton Corporation Public Limited Company
        N/A
        
          
          
          
        
        800
        NS
        USD
        121408
        0.0302028345
        Long
        EC
        CORP
        IE
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Lululemon Athletica Canada Inc.
        549300D9GZ4BMLDW5T40
        Lululemon Athletica Canada Inc.
        550021109
        
          
          
          
        
        448
        NS
        USD
        163623.04
        0.0407047278
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        O'Reilly Automotive, Inc.
        549300K2RLMQL149Q332
        O'Reilly Automotive, Inc.
        67103H107
        
          
          
          
        
        304
        NS
        USD
        208227.84
        0.0518011251
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Oracle Corporation
        1Z4GXXU7ZHVWFCD8TV52
        Oracle Corporation
        68389X105
        
          
          
          
        
        15805
        NS
        USD
        1307547.65
        0.3252804204
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Philip Morris International Inc.
        HL3H1H2BGXWVG3BSWR90
        Philip Morris International Inc.
        718172109
        
          
          
          
        
        54522
        NS
        USD
        5121796.68
        1.2741563777
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Texas Instruments Incorporated
        WDJNR2L6D8RWOEB8T652
        Texas Instruments Incorporated
        882508104
        
          
          
          
        
        22831
        NS
        USD
        4189031.88
        1.0421112004
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Walmart Inc.
        Y87794H0US1R65VBXU25
        Walmart Inc.
        931142103
        
          
          
          
        
        39019
        NS
        USD
        5810709.48
        1.4455381589
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Zebra Technologies Corporation
        PO0I32GKZ3HZMMDPZZ08
        Zebra Technologies Corporation
        989207105
        
          
          
          
        
        700
        NS
        USD
        289590
        0.0720417011
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Bio-Rad Laboratories, Inc.
        549300ZC1GPV35XYDK53
        Bio-Rad Laboratories, Inc.
        090572207
        
          
          
          
        
        500
        NS
        USD
        281615
        0.0700577494
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Bio-Techne Corporation
        54930073RLKQ51TILZ35
        Bio-Techne Corporation
        09073M104
        
          
          
          
        
        2300
        NS
        USD
        995992
        0.2477742945
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        FTI Consulting, Inc.
        549300K17GM8EQD0FQ48
        FTI Consulting, Inc.
        302941109
        
          
          
          
        
        2931
        NS
        USD
        460811.82
        0.1146367878
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        The Charles Schwab Corporation
        549300VSGCJ7E698NM85
        The Charles Schwab Corporation
        808513105
        
          
          
          
        
        19866
        NS
        USD
        1674902.46
        0.4166677798
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Garmin Ltd.
        2549001E0HIPIJQ0W046
        Garmin Ltd.
        N/A
        
          
          
          
        
        18800
        NS
        USD
        2229868
        0.5547273176
        Long
        EC
        CORP
        CH
        
        N
        
        1
        
          N
          N
          N
        
      
      
        ConocoPhillips
        WPTL2Z3FIYTHSP5V2253
        ConocoPhillips
        20825C104
        
          
          
          
        
        40071
        NS
        USD
        4007100
        0.9968517573
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Erie Indemnity Company
        549300WA5KP94KRUFZ80
        Erie Indemnity Company
        29530P102
        
          
          
          
        
        4788
        NS
        USD
        843310.44
        0.2097914936
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        The Kroger Co.
        6CPEOKI6OYJ13Q6O7870
        The Kroger Co.
        501044101
        
          
          
          
        
        92566
        NS
        USD
        5310511.42
        1.3211032022
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        PPG Industries, Inc.
        549300BKPEP01R3V6C59
        PPG Industries, Inc.
        693506107
        
          
          
          
        
        768
        NS
        USD
        100661.76
        0.0250417640
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Pfizer Inc.
        765LHXWGK1KXCLTFYQ30
        Pfizer Inc.
        717081103
        
          
          
          
        
        15421
        NS
        USD
        798345.17
        0.1986054218
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        The Procter & Gamble Company
        2572IBTT8CCZW6AU4141
        The Procter & Gamble Company
        742718109
        
          
          
          
        
        35409
        NS
        USD
        5410495.2
        1.3459763041
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Public Service Enterprise Group Incorporated
        PUSS41EMO3E6XXNV3U28
        Public Service Enterprise Group Incorporated
        744573106
        
          
          
          
        
        23095
        NS
        USD
        1616650
        0.4021762356
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Robert Half International Inc.
        529900VPCUY9H3HLIC08
        Robert Half International Inc.
        770323103
        
          
          
          
        
        5313
        NS
        USD
        606638.34
        0.1509142510
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        AMETEK, Inc.
        549300WZDEF9KKE40E98
        AMETEK, Inc.
        031100100
        
          
          
          
        
        1357
        NS
        USD
        180725.26
        0.0449592706
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Ball Corporation
        0BGI85ALH27ZJP15DY16
        Ball Corporation
        058498106
        
          
          
          
        
        1208
        NS
        USD
        108720
        0.0270464234
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Altria Group, Inc.
        XSGZFLO9YTNO9VCQV219
        Altria Group, Inc.
        02209S103
        
          
          
          
        
        9433
        NS
        USD
        492874.25
        0.1226130025
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        CF Industries Holdings, Inc.
        529900CG8YAQFZ2JMV97
        CF Industries Holdings, Inc.
        125269100
        
          
          
          
        
        22956
        NS
        USD
        2365845.36
        0.5885545918
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Cummins Inc.
        ZUNI8PYC725B6H8JU438
        Cummins Inc.
        231021106
        
          
          
          
        
        10238
        NS
        USD
        2099916.18
        0.5223990253
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        EOG Resources, Inc.
        XWTZDRYZPBUHIQBKDB46
        EOG Resources, Inc.
        26875P101
        
          
          
          
        
        42387
        NS
        USD
        5053802.01
        1.2572412505
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        CrowdStrike Holdings, Inc.
        549300YBY08K9KM4HX32
        CrowdStrike Holdings, Inc.
        22788C105
        
          
          
          
        
        1547
        NS
        USD
        351292.76
        0.0873915812
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Ecolab Inc.
        82DYEISM090VG8LTLS26
        Ecolab Inc.
        278865100
        
          
          
          
        
        24763
        NS
        USD
        4372155.28
        1.0876670595
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Exelon Corporation
        3SOUA6IRML7435B56G12
        Exelon Corporation
        30161N101
        
          
          
          
        
        4047
        NS
        USD
        192758.61
        0.0479528235
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Merck & Co., Inc.
        4YV9Y5M8S0BRK1RP0397
        Merck & Co., Inc.
        58933Y105
        
          
          
          
        
        67850
        NS
        USD
        5567092.5
        1.3849332290
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        The New York Times Company
        529900J1WEMMIW7BOH57
        The New York Times Company
        650111107
        
          
          
          
        
        8132
        NS
        USD
        372770.88
        0.0927347226
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Visa Inc.
        549300JZ4OKEHW3DPJ59
        Visa Inc.
        92826C839
        
          
          
          
        
        22965
        NS
        USD
        5092948.05
        1.2669796645
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Intuit Inc.
        VI90HBPH7XSFMB9E4M29
        Intuit Inc.
        461202103
        
          
          
          
        
        4618
        NS
        USD
        2220519.12
        0.5524015839
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        IQVIA Holdings Inc
        549300W3R20NM4KQPH86
        IQVIA Holdings Inc
        46266C105
        
          
          
          
        
        9400
        NS
        USD
        2173374
        0.5406732278
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Chubb Limited
        E0JAN6VLUDI1HITHT809
        Chubb Limited
        N/A
        
          
          
          
        
        2592
        NS
        USD
        554428.8
        0.1379260122
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        JPMorgan Chase & Co.
        8I5DZWZKVSZI1NUHU748
        JPMorgan Chase & Co.
        46625H100
        
          
          
          
        
        28305
        NS
        USD
        3858537.6
        0.9598936855
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Kellogg Company
        LONOZNOJYIBXOHXWDB86
        Kellogg Company
        487836108
        
          
          
          
        
        7032
        NS
        USD
        453493.68
        0.1128162441
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Mettler-Toledo International Inc.
        5493000BD5GJNUDIUG10
        Mettler-Toledo International Inc.
        592688105
        
          
          
          
        
        1358
        NS
        USD
        1864792.02
        0.4639068659
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Mondelez International, Inc.
        549300DV9GIB88LZ5P30
        Mondelez International, Inc.
        609207105
        
          
          
          
        
        83481
        NS
        USD
        5240937.18
        1.3037951232
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Monster Beverage 1990 Corporation
        52990090AP0E7HCB6F33
        Monster Beverage 1990 Corporation
        61174X109
        
          
          
          
        
        46740
        NS
        USD
        3734526
        0.9290431499
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Aon Global Limited
        635400FALWQYX5E6QC64
        Aon Global Limited
        N/A
        
          
          
          
        
        4053
        NS
        USD
        1319778.39
        0.3283230784
        Long
        EC
        CORP
        IE
        
        N
        
        1
        
          N
          N
          N
        
      
      
        The Allstate Corporation
        OBT0W1ED8G0NWVOLOJ77
        The Allstate Corporation
        020002101
        
          
          
          
        
        2994
        NS
        USD
        414698.94
        0.1031652235
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        American Water Works Company, Inc.
        549300DXHIJQMD5WFW18
        American Water Works Company, Inc.
        030420103
        
          
          
          
        
        13394
        NS
        USD
        2217108.82
        0.5515531989
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Best Buy Co., Inc.
        HL5XPTVRV0O8TUN5LL90
        Best Buy Co., Inc.
        086516101
        
          
          
          
        
        1694
        NS
        USD
        153984.6
        0.0383069599
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Flowers Foods, Inc.
        7YNCQQNDK8FBM9BBTK25
        Flowers Foods, Inc.
        343498101
        
          
          
          
        
        60251
        NS
        USD
        1549053.21
        0.3853600895
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        NIKE, Inc.
        787RXPR0UX0O0XUXPZ81
        NIKE, Inc.
        654106103
        
          
          
          
        
        3130
        NS
        USD
        421172.8
        0.1047757345
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Otis Worldwide Corporation
        549300ZLBKR8VSU25153
        Otis Worldwide Corporation
        68902V107
        
          
          
          
        
        2559
        NS
        USD
        196915.05
        0.0489868268
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Consolidated Edison, Inc.
        54930033SBW53OO8T749
        Consolidated Edison, Inc.
        209115104
        
          
          
          
        
        5689
        NS
        USD
        538634.52
        0.1339968476
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        First Republic Bank
        YWC0TIKBQM2JV8L4IV08
        First Republic Bank
        33616C100
        
          
          
          
        
        2470
        NS
        USD
        400387
        0.0996048226
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Marsh & Mclennan Companies, Inc.
        549300XMP3KDCKJXIU47
        Marsh & Mclennan Companies, Inc.
        571748102
        
          
          
          
        
        1241
        NS
        USD
        211491.22
        0.0526129606
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Moderna, Inc.
        549300EI6OKH5K5Q2G38
        Moderna, Inc.
        60770K107
        
          
          
          
        
        11147
        NS
        USD
        1920182.22
        0.4776863618
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        MOS Holdings Inc.
        2YD5STGSJNMUB7H76907
        MOS Holdings Inc.
        61945C103
        
          
          
          
        
        24926
        NS
        USD
        1657579
        0.4123581990
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Public Storage
        549300LMZF40TKJ6DM64
        Public Storage
        74460D109
        
          
          
          
        
        6123
        NS
        USD
        2389684.44
        0.5944850724
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        WEC Energy Group Inc.
        549300IGLYTZUK3PVP70
        WEC Energy Group Inc.
        92939U106
        
          
          
          
        
        18799
        NS
        USD
        1876328.19
        0.4667767347
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Ameren Corporation
        XRZQ5S7HYJFPHJ78L959
        Ameren Corporation
        023608102
        
          
          
          
        
        2390
        NS
        USD
        224086.4
        0.0557462808
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Constellation Energy Group, Inc.
        549300F8Y20RYGNGV346
        Constellation Energy Group, Inc.
        21037T109
        
          
          
          
        
        1349
        NS
        USD
        75881.25
        0.0188770825
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Duke Energy Corporation
        I1BZKREC126H0VB1BL91
        Duke Energy Corporation
        26441C204
        
          
          
          
        
        31290
        NS
        USD
        3493841.4
        0.8691677122
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Intel Corporation
        KNX4USFCNGPY45LOCE31
        Intel Corporation
        458140100
        
          
          
          
        
        12623
        NS
        USD
        625595.88
        0.1556303442
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Packaging Corporation of America
        549300XZP8MFZFY8TJ84
        Packaging Corporation of America
        695156109
        
          
          
          
        
        3669
        NS
        USD
        572767.59
        0.1424881781
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        T. Rowe Price Group, Inc.
        549300SIV6FPS9Y7IH33
        T. Rowe Price Group, Inc.
        74144T108
        
          
          
          
        
        17899
        NS
        USD
        2706149.81
        0.6732125961
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Regeneron Pharmaceuticals, Inc.
        549300RCBFWIRX3HYQ56
        Regeneron Pharmaceuticals, Inc.
        75886F107
        
          
          
          
        
        2355
        NS
        USD
        1644779.1
        0.4091739503
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        SVB Financial Group
        549300D2KJ20JMXE7542
        SVB Financial Group
        78486Q101
        
          
          
          
        
        1985
        NS
        USD
        1110508.25
        0.2762626589
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Seagen Inc.
        N/A
        Seagen Inc.
        81181C104
        
          
          
          
        
        17485
        NS
        USD
        2518714.25
        0.6265839950
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Synopsys, Inc.
        QG7T915N9S0NY5UKNE63
        Synopsys, Inc.
        871607107
        
          
          
          
        
        1703
        NS
        USD
        567558.81
        0.1411923828
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        3M Company
        LUZQVYP4VS22CLWDAR65
        3M Company
        88579Y101
        
          
          
          
        
        7981
        NS
        USD
        1188211.28
        0.2955929482
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Cognex Corporation
        549300JQTYZCLC43S226
        Cognex Corporation
        192422103
        
          
          
          
        
        1800
        NS
        USD
        138870
        0.0345468802
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        JNL Government Money Market Fund
        N/A
        JNL Government Money Market Fund
        46628D437
        
          
        
        23092954.56
        NS
        USD
        23092954.56
        5.7448659468
        Long
        STIV
        RF
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Kimberly-Clark Corporation
        MP3J6QPYPGN75NVW2S34
        Kimberly-Clark Corporation
        494368103
        
          
          
          
        
        5029
        NS
        USD
        619371.64
        0.1540819315
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Costco Wholesale Corporation
        29DX7H14B9S6O3FD6V18
        Costco Wholesale Corporation
        22160K105
        
          
          
          
        
        10653
        NS
        USD
        6134530.05
        1.5260954458
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Hormel Foods Corporation
        MSD54751OJP1FS2ND863
        Hormel Foods Corporation
        440452100
        
          
          
          
        
        118001
        NS
        USD
        6081771.54
        1.5129706390
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        J. B. Hunt Transport Services, Inc.
        549300XCD1MPI1C5GK90
        J. B. Hunt Transport Services, Inc.
        445658107
        
          
          
          
        
        8945
        NS
        USD
        1796066.55
        0.4468099365
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        The Estee Lauder Companies Inc.
        549300VFZ8XJ9NUPU221
        The Estee Lauder Companies Inc.
        518439104
        
          
          
          
        
        6626
        NS
        USD
        1804392.32
        0.4488811497
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Marathon Oil Corporation
        1FRVQX2CRLGC1XLP5727
        Marathon Oil Corporation
        565849106
        
          
          
          
        
        138303
        NS
        USD
        3472788.33
        0.8639303111
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        MarketAxess Holdings Inc.
        5493002U1CA1XJOVID83
        MarketAxess Holdings Inc.
        57060D108
        
          
          
          
        
        1300
        NS
        USD
        442260
        0.1100216262
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        McCormick & Company, Incorporated
        549300JQQA6MQ4OJP259
        McCormick & Company, Incorporated
        579780206
        
          
          
          
        
        6803
        NS
        USD
        678939.4
        0.1689006848
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Veeva Systems Inc.
        549300YZEXPDB92M2F02
        Veeva Systems Inc.
        922475108
        
          
          
          
        
        1316
        NS
        USD
        279597.36
        0.0695558183
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Caterpillar Inc.
        WRJR7GS4GTRECRRTVX92
        Caterpillar Inc.
        149123101
        
          
          
          
        
        14141
        NS
        USD
        3150897.62
        0.7838531181
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Corteva, Inc.
        549300WZN9I2QKLS0O94
        Corteva, Inc.
        22052L104
        
          
          
          
        
        12341
        NS
        USD
        709360.68
        0.1764686283
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Eversource Energy
        SJ7XXD41SQU3ZNWUJ746
        Eversource Energy
        30040W108
        
          
          
          
        
        20124
        NS
        USD
        1774735.56
        0.4415033969
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Expeditors International of Washington, Inc.
        984500B055A804AB6E40
        Expeditors International of Washington, Inc.
        302130109
        
          
          
          
        
        38223
        NS
        USD
        3943084.68
        0.9809265785
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Freeport-McMoRan Inc.
        549300IRDTHJQ1PVET45
        Freeport-McMoRan Inc.
        35671D857
        
          
          
          
        
        34571
        NS
        USD
        1719561.54
        0.4277776804
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Landstar System, Inc.
        254900CUQXQRL09MEI52
        Landstar System, Inc.
        515098101
        
          
          
          
        
        4475
        NS
        USD
        674964.25
        0.1679117813
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Eli Lilly and Company
        FRDRIPF3EKNDJ2CQJL29
        Eli Lilly and Company
        532457108
        
          
          
          
        
        9214
        NS
        USD
        2638613.18
        0.6564114161
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Occidental Petroleum Corporation
        IM7X0T3ECJW4C1T7ON55
        Occidental Petroleum Corporation
        674599105
        
          
          
          
        
        27280
        NS
        USD
        1547867.2
        0.3850650442
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        PepsiCo, Inc.
        FJSUNZKFNQ5YPJ5OT455
        PepsiCo, Inc.
        713448108
        
          
          
          
        
        33050
        NS
        USD
        5531909
        1.3761805815
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Salesforce.Com, Inc.
        RCGZFPDMRW58VJ54VR07
        Salesforce.Com, Inc.
        79466L302
        
          
          
          
        
        2338
        NS
        USD
        496404.16
        0.1234911430
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Accenture Public Limited Company
        N/A
        Accenture Public Limited Company
        N/A
        
          
          
          
        
        10639
        NS
        USD
        3587789.97
        0.8925394267
        Long
        EC
        CORP
        IE
        
        N
        
        1
        
          N
          N
          N
        
      
      
        EPAM Systems, Inc.
        549300XCR4R530HJP604
        EPAM Systems, Inc.
        29414B104
        
          
          
          
        
        239
        NS
        USD
        70889.79
        0.0176353502
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        FedEx Corporation
        549300E707U7WNPZN687
        FedEx Corporation
        31428X106
        
          
          
          
        
        2807
        NS
        USD
        649511.73
        0.1615799230
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        The Home Depot, Inc.
        QEKMOTMBBKA8I816DO57
        The Home Depot, Inc.
        437076102
        
          
          
          
        
        15528
        NS
        USD
        4647996.24
        1.1562883931
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Lockheed Martin Corporation
        DPRBOZP0K5RM2YE8UU08
        Lockheed Martin Corporation
        539830109
        
          
          
          
        
        11462
        NS
        USD
        5059326.8
        1.2586156601
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        MasterCard Incorporated
        AR5L2ODV9HN37376R084
        MasterCard Incorporated
        57636Q104
        
          
          
          
        
        7603
        NS
        USD
        2717160.14
        0.6759516510
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Quest Diagnostics Incorporated
        8MCWUBXQ0WE04KMXBX50
        Quest Diagnostics Incorporated
        74834L100
        
          
          
          
        
        2385
        NS
        USD
        326411.1
        0.0812017366
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Target Corporation
        8WDDFXB5T1Z6J0XC1L66
        Target Corporation
        87612E106
        
          
          
          
        
        22340
        NS
        USD
        4740994.8
        1.1794237723
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Campbell Soup Company
        5493007JDSMX8Z5Z1902
        Campbell Soup Company
        134429109
        
          
          
          
        
        5326
        NS
        USD
        237379.82
        0.0590533031
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        General Mills, Inc.
        2TGYMUGI08PO8X8L6150
        General Mills, Inc.
        370334104
        
          
          
          
        
        16204
        NS
        USD
        1097334.88
        0.2729855016
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        The Hershey Company
        21X2CX66SU2BR6QTAD08
        The Hershey Company
        427866108
        
          
          
          
        
        27870
        NS
        USD
        6037478.1
        1.5019516992
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        NextEra Energy, Inc.
        TWQ1WATU9P8ZBX9T3I54
        NextEra Energy, Inc.
        65339F101
        
          
          
          
        
        68067
        NS
        USD
        5765955.57
        1.4344046674
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        The PNC Financial Services Group, Inc.
        CFGNEKW0P8842LEUIA51
        The PNC Financial Services Group, Inc.
        693475105
        
          
          
          
        
        1012
        NS
        USD
        186663.4
        0.0464365098
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        The Progressive Corporation
        529900TACNVLY9DCR586
        The Progressive Corporation
        743315103
        
          
          
          
        
        16318
        NS
        USD
        1860088.82
        0.4627368444
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        The Southern Company
        549300FC3G3YU2FBZD92
        The Southern Company
        842587107
        
          
          
          
        
        25400
        NS
        USD
        1841754
        0.4581756661
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        American Electric Power Company, Inc.
        1B4S6S7G0TW5EE83BO58
        American Electric Power Company, Inc.
        025537101
        
          
          
          
        
        2675
        NS
        USD
        266884.75
        0.0663932849
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Danaher Corporation
        S4BKK9OTCEWQ3YHPFM11
        Danaher Corporation
        235851102
        
          
          
          
        
        16436
        NS
        USD
        4821171.88
        1.1993695343
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Honeywell International Inc.
        ISRPG12PN4EIEOEMW547
        Honeywell International Inc.
        438516106
        
          
          
          
        
        3621
        NS
        USD
        704574.18
        0.1752778841
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Life Storage Inc.
        W9EE01AFDDF9DQCQZC68
        Life Storage Inc.
        53223X107
        
          
          
          
        
        985
        NS
        USD
        138323.55
        0.0344109391
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        United Parcel Service, Inc.
        D01LMJZU09ULLNCY6Z23
        United Parcel Service, Inc.
        911312106
        
          
          
          
        
        14412
        NS
        USD
        3090797.52
        0.7689019339
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        World Wrestling Entertainment, Inc.
        549300WZVLSCS3L4L698
        World Wrestling Entertainment, Inc.
        98156Q108
        
          
          
          
        
        7151
        NS
        USD
        446508.44
        0.1110785164
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Xcel Energy Inc.
        LGJNMI9GH8XIDG5RCM61
        Xcel Energy Inc.
        98389B100
        
          
          
          
        
        17063
        NS
        USD
        1231436.71
        0.3063461976
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Qiagen N.V.
        54930036WK3GMCN17Z57
        Qiagen N.V.
        N/A
        
          
          
          
        
        12902
        NS
        USD
        632198
        0.1572727627
        Long
        EC
        CORP
        NL
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Automatic Data Processing, Inc.
        HGBOLILQXWER4SAL2I23
        Automatic Data Processing, Inc.
        053015103
        
          
          
          
        
        4883
        NS
        USD
        1111077.82
        0.2764043516
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Charles River Laboratories International, Inc.
        549300BSQ0R4UZ5KX287
        Charles River Laboratories International, Inc.
        159864107
        
          
          
          
        
        2143
        NS
        USD
        608547.71
        0.1513892476
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Domino's Pizza, Inc.
        25490005ZWM1IF9UXU57
        Domino's Pizza, Inc.
        25754A201
        
          
          
          
        
        897
        NS
        USD
        365087.97
        0.0908234345
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        IDEXX Laboratories, Inc.
        OGMTXK0LUU1HKV2P0J84
        IDEXX Laboratories, Inc.
        45168D104
        
          
          
          
        
        5152
        NS
        USD
        2818453.12
        0.7011504444
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Illinois Tool Works Inc.
        76NA4I14SZCFAYMNSV04
        Illinois Tool Works Inc.
        452308109
        
          
          
          
        
        5500
        NS
        USD
        1151700
        0.2865099870
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Illumina, Inc.
        SQ95QG8SR5Q56LSNF682
        Illumina, Inc.
        452327109
        
          
          
          
        
        555
        NS
        USD
        193917
        0.0482409978
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Intercontinental Exchange, Inc.
        5493000F4ZO33MV32P92
        Intercontinental Exchange, Inc.
        45866F104
        
          
          
          
        
        1543
        NS
        USD
        203861.16
        0.0507148201
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Netflix, Inc.
        549300Y7VHGU0I7CE873
        Netflix, Inc.
        64110L106
        
          
          
          
        
        1769
        NS
        USD
        662649.71
        0.1648482763
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        The J. M. Smucker Company
        5493000WDH6A0LHDJD55
        The J. M. Smucker Company
        832696405
        
          
          
          
        
        2967
        NS
        USD
        401761.47
        0.0999467514
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Emerson Electric Co.
        FGLT0EWZSUIRRITFOA30
        Emerson Electric Co.
        291011104
        
          
          
          
        
        4475
        NS
        USD
        438773.75
        0.1091543470
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Humana Inc.
        529900YLDW34GJAO4J06
        Humana Inc.
        444859102
        
          
          
          
        
        3300
        NS
        USD
        1436061
        0.3572508626
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        T-Mobile US, Inc.
        549300QHIJYOHPACPG31
        T-Mobile US, Inc.
        872590104
        
          
          
          
        
        38258
        NS
        USD
        4910414.3
        1.2215704934
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Tyson Foods, Inc.
        WD6L6041MNRW1JE49D58
        Tyson Foods, Inc.
        902494103
        
          
          
          
        
        2620
        NS
        USD
        234830.6
        0.0584191301
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        United Therapeutics Corporation
        5299005C4HZL4UWROC14
        United Therapeutics Corporation
        91307C102
        
          
          
          
        
        5345
        NS
        USD
        958946.45
        0.2385584223
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Verizon Communications Inc.
        2S72QS2UO2OESLG6Y829
        Verizon Communications Inc.
        92343V104
        
          
          
          
        
        105680
        NS
        USD
        5383339.2
        1.3392206688
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Waters Corporation
        5T547R1474YC9HOD8Q74
        Waters Corporation
        941848103
        
          
          
          
        
        639
        NS
        USD
        198339.21
        0.0493411170
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Amgen Inc.
        62QBXGPJ34PQ72Z12S66
        Amgen Inc.
        031162100
        
          
          
          
        
        23269
        NS
        USD
        5626909.58
        1.3998140059
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          
        
      
      
        CME Group Inc.
        LCZ7XYGSLJUHFXXNXD88
        CME Group Inc.
        12572Q105
        
          
          
          
        
        7145
        NS
        USD
        1699509.7
        0.4227893567
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Chemed Corporation
        54930020031IDJT2IM79
        Chemed Corporation
        16359R103
        
          
          
          
        
        5779
        NS
        USD
        2927352.45
        0.7282414799
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Dominion Energy, Inc.
        ILUL7B6Z54MRYCF6H308
        Dominion Energy, Inc.
        25746U109
        
          
          
          
        
        18696
        NS
        USD
        1588599.12
        0.3951979797
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Newmont Corporation
        549300VSP3RIX7FGDZ51
        Newmont Corporation
        651639106
        
          
          
          
        
        33887
        NS
        USD
        2692322.15
        0.6697726701
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        S&P Global Inc.
        Y6X4K52KMJMZE7I7MY94
        S&P Global Inc.
        78409V104
        
          
          
          
        
        1171
        NS
        USD
        480320.78
        0.1194900586
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        The Travelers Companies, Inc.
        549300Y650407RU8B149
        The Travelers Companies, Inc.
        89417E109
        
          
          
          
        
        8481
        NS
        USD
        1549733.13
        0.3855292341
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Medtronic, Inc.
        549300GX3ZBSQWUXY261
        Medtronic, Inc.
        N/A
        
          
          
          
        
        25834
        NS
        USD
        2866282.3
        0.7130489750
        Long
        EC
        CORP
        IE
        
        N
        
        1
        
          N
          N
          N
        
      
      
        CHICAGO MERCANTILE EXCHANGE
        SNZ2OJLFK8MNNCLQOF39
        FUTURE - CASH SETTLED
        N/A
        
          
          
        
        97
        NC
        USD
        1372204.72
        0.3413652483
        N/A
        DE
        CORP
        US
        
        N
        
        1
        
          
            
              CHICAGO MERCANTILE EXCHANGE
              SNZ2OJLFK8MNNCLQOF39
            
            Long
            
              
                S&P 500 Index
                SPX
              
            
            2022-06-17
            20601932.78
            USD
            1372204.72
          
        
        
          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

 

 

(1,725

)

(38,578

)

430,507

 

100.0

   

485,980 

 

2,105 

 

17,275 

 

 

 

(1,725

)

(38,578

)

430,507 

 

100.0

JNL/American Funds Global Growth Fund

            
 

American Funds Insurance Series - Global Growth Fund - Class 1

 

1,012,642

 

17,888

 

22,075

 

 

8,999

 

(146,358

)

871,096

 

100.0

   

1,012,642 

 

17,888 

 

22,075 

 

 

 

8,999

 

(146,358

)

871,096 

 

100.0

JNL/American Funds Global Small Capitalization Fund

            
 

American Funds Insurance Series - Global Small Capitalization Fund - Class 1

 

929,192

 

15,951

 

23,837

 

 

290

 

(136,955

)

784,641

 

100.0

   

929,192 

 

15,951 

 

23,837 

 

 

 

290

 

(136,955

)

784,641 

 

100.0

JNL/American Funds Growth Fund

            
 

American Funds Insurance Series - Growth Fund - Class 1

 

4,564,070

 

98,500

 

124,406

 

 

46,556

 

(455,284

)

4,129,436

 

100.0

   

4,564,070 

 

98,500 

 

124,406 

 

 

 

46,556

 

(455,284

)

4,129,436 

 

100.0

JNL/American Funds Growth-Income Fund

            
 

American Funds Insurance Series - Growth-Income Fund - Class 1

 

10,618,057

 

22,751

 

131,807

 

 

46,032

 

(621,691

)

9,933,342

 

100.0

   

10,618,057 

 

22,751 

 

131,807 

 

 

 

46,032

 

(621,691

)

9,933,342 

 

100.0

JNL/American Funds International Fund

            
 

American Funds Insurance Series - International Fund - Class 1

 

1,846,144

 

16,767

 

18,347

 

 

(596

)

(177,254

)

1,666,714

 

100.0

   

1,846,144 

 

16,767 

 

18,347 

 

 

 

(596

)

(177,254

)

1,666,714 

 

100.0

JNL/American Funds New World Fund

            
 

American Funds Insurance Series - New World Fund - Class 1

 

1,773,065

 

17,014

 

27,129

 

 

5,743

 

(189,747

)

1,578,946

 

100.0

   

1,773,065 

 

17,014