NPORT-P
    false
    
      
      
        
          0000933691
          XXXXXXXX
        
      
      
      
      
        S000068119
        C000218197
        C000218196
      
      
      
    
  
  
    
      JNL Series Trust
      811-8894
      0000933691
      549300T5WIPN6IWM0D45
      1 Corporate Way
      Lansing
      
      48951
      517-367-4336
      JNL/Mellon Nasdaq 100 Index Fund
      S000068119
      5493004MPDF1MMTHIA27
      2022-12-31
      2022-03-31
      N
    
    
      6102634391.770000000000
      29198812.970000000000
      6073435578.800000000000
      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
      5018581.410000000000
      
        
        
        
      
      
        
          
            UST
          
        
      
      
        
          
          
        
        
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
        
        
        
        
      
      
      
      
      
      
    
    
      
        Adobe Inc.
        FU4LY2G4933NH2E1CP29
        Adobe Inc.
        00724F101
        
          
          
          
        
        206337
        NS
        USD
        94011263.94
        1.5479091318
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        NetEase, Inc.
        5299004AF4DSJDB0PA32
        NetEase, Inc.
        64110W102
        
          
          
          
        
        91507
        NS
        USD
        8207262.83
        0.1351337760
        Long
        EC
        CORP
        KY
        
        N
        
        1
        
          N
          N
          N
        
      
      
        NVIDIA Corporation
        549300S4KLFTLO7GSQ80
        NVIDIA Corporation
        67066G104
        
          
          
          
        
        926368
        NS
        USD
        252768772.5
        4.1618745967
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Charter Communications, Inc.
        0J0XRGZE3PBRFEZ7MV65
        Charter Communications, Inc.
        16119P108
        
          
          
          
        
        75459
        NS
        USD
        41164393.68
        0.6777777280
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Gilead Sciences, Inc.
        549300WTZWR07K8MNV44
        Gilead Sciences, Inc.
        375558103
        
          
          
          
        
        546211
        NS
        USD
        32472243.95
        0.5346602187
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Old Dominion Freight Line, Inc.
        5299009TWK32WE417T96
        Old Dominion Freight Line, Inc.
        679580100
        
          
          
          
        
        50081
        NS
        USD
        14958193.08
        0.2462888243
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Broadcom Inc.
        549300WV6GIDOZJTV909
        Broadcom Inc.
        11135F101
        
          
          
          
        
        179235
        NS
        USD
        112860694.8
        1.8582677520
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Copart, Inc.
        549300KVYX3JWMYEHU61
        Copart, Inc.
        217204106
        
          
          
          
        
        103282
        NS
        USD
        12958792.54
        0.2133684036
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        eBay Inc.
        OML71K8X303XQONU6T67
        eBay Inc.
        278642103
        
          
          
          
        
        256651
        NS
        USD
        14695836.26
        0.2419690811
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Honeywell International Inc.
        ISRPG12PN4EIEOEMW547
        Honeywell International Inc.
        438516106
        
          
          
          
        
        299768
        NS
        USD
        58328857.44
        0.9603931199
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        VeriSign, Inc.
        LMPL4N8ZOJRMF0KOF759
        VeriSign, Inc.
        92343E102
        
          
          
          
        
        48123
        NS
        USD
        10705442.58
        0.1762666689
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Zoom Video Communications, Inc.
        549300T9GCHU0ODOM055
        Zoom Video Communications, Inc.
        98980L101
        
          
          
          
        
        105333
        NS
        USD
        12348187.59
        0.2033147043
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Alphabet Inc.
        5493006MHB84DD0ZWV18
        Alphabet Inc.
        02079K107
        
          
          
          
        
        83108
        NS
        USD
        232119812.9
        3.8218864741
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Alphabet Inc.
        5493006MHB84DD0ZWV18
        Alphabet Inc.
        02079K305
        
          
          
          
        
        79189
        NS
        USD
        220252325.2
        3.6264865634
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Biogen Inc.
        W8J5WZB5IY3K0NDQT671
        Biogen Inc.
        09062X103
        
          
          
          
        
        64029
        NS
        USD
        13484507.4
        0.2220243752
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        CSX Corporation
        549300JVQR4N1MMP3Q88
        CSX Corporation
        126408103
        
          
          
          
        
        958143
        NS
        USD
        35882455.35
        0.5908098453
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Cognizant Technology Solutions Corporation
        5493006IEVQEFQO40L83
        Cognizant Technology Solutions Corporation
        192446102
        
          
          
          
        
        228194
        NS
        USD
        20462155.98
        0.3369123738
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Baidu, Inc.
        254900AL64IANZYI1E02
        Baidu, Inc.
        056752108
        
          
          
          
        
        105685
        NS
        USD
        13982125.5
        0.2302177296
        Long
        EC
        CORP
        KY
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Electronic Arts Inc.
        549300O7A67PUEYKDL45
        Electronic Arts Inc.
        285512109
        
          
          
          
        
        123196
        NS
        USD
        15585525.96
        0.2566179514
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Intuit Inc.
        VI90HBPH7XSFMB9E4M29
        Intuit Inc.
        461202103
        
          
          
          
        
        123696
        NS
        USD
        59477984.64
        0.9793136663
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        PepsiCo, Inc.
        FJSUNZKFNQ5YPJ5OT455
        PepsiCo, Inc.
        713448108
        
          
          
          
        
        604336
        NS
        USD
        101153759.7
        1.6655113632
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        ASML Holding N.V.
        724500Y6DUVHQD6OXN27
        ASML Holding N.V.
        N/A
        
          
          
          
        
        36220
        NS
        USD
        24192424.6
        0.3983317891
        Long
        EC
        CORP
        NL
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Intuitive Surgical, Inc.
        54930052SRG011710797
        Intuitive Surgical, Inc.
        46120E602
        
          
          
          
        
        156274
        NS
        USD
        47144740.32
        0.7762450051
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Marriott International, Inc.
        225YDZ14ZO8E1TXUSU86
        Marriott International, Inc.
        571903202
        
          
          
          
        
        141674
        NS
        USD
        24899205.5
        0.4099690394
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Meta Platforms, Inc.
        BQ4BKCS1HXDV9HN80Z93
        Meta Platforms, Inc.
        30303M102
        
          
          
          
        
        910384
        NS
        USD
        202432986.2
        3.3330885555
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Match Group, Inc.
        15OMOPB0A8K0EFUVD031
        Match Group, Inc.
        57667L107
        
          
          
          
        
        124562
        NS
        USD
        13544871.88
        0.2230182852
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Mondelez International, Inc.
        549300DV9GIB88LZ5P30
        Mondelez International, Inc.
        609207105
        
          
          
          
        
        607123
        NS
        USD
        38115181.94
        0.6275720133
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Fortinet, Inc.
        549300O0QJWDBAS0QX03
        Fortinet, Inc.
        34959E109
        
          
          
          
        
        71041
        NS
        USD
        24277551.34
        0.3997334132
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        AstraZeneca PLC
        PY6ZZQWO2IZFZC3IOL08
        AstraZeneca PLC
        046353108
        
          
          
          
        
        249195
        NS
        USD
        16531596.3
        0.2721951371
        Long
        EC
        CORP
        GB
        
        N
        
        1
        
          N
          N
          N
        
      
      
        CrowdStrike Holdings, Inc.
        549300YBY08K9KM4HX32
        CrowdStrike Holdings, Inc.
        22788C105
        
          
          
          
        
        90952
        NS
        USD
        20653380.16
        0.3400609077
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Monster Beverage 1990 Corporation
        52990090AP0E7HCB6F33
        Monster Beverage 1990 Corporation
        61174X109
        
          
          
          
        
        230727
        NS
        USD
        18435087.3
        0.3035363932
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Paychex, Inc.
        529900K900DW6SUBM174
        Paychex, Inc.
        704326107
        
          
          
          
        
        157394
        NS
        USD
        21479559.18
        0.3536640654
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Qualcomm Incorporated
        H1J8DDZKZP6H7RWC0H53
        Qualcomm Incorporated
        747525103
        
          
          
          
        
        492310
        NS
        USD
        75234814.2
        1.2387521564
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Starbucks Corporation
        OQSJ1DU9TAOC51A47K68
        Starbucks Corporation
        855244109
        
          
          
          
        
        502488
        NS
        USD
        45711333.36
        0.7526437511
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Zscaler, Inc.
        529900MZ0RTK1BWRNF46
        Zscaler, Inc.
        98980G102
        
          
          
          
        
        60985
        NS
        USD
        14714460.8
        0.2422757368
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Exelon Corporation
        3SOUA6IRML7435B56G12
        Exelon Corporation
        30161N101
        
          
          
          
        
        427013
        NS
        USD
        20338629.19
        0.3348784872
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Fiserv, Inc.
        GI7UBEJLXYLGR2C7GV83
        Fiserv, Inc.
        337738108
        
          
          
          
        
        287493
        NS
        USD
        29151790.2
        0.4799884649
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        MercadoLibre S.R.L
        549300DKPDN9M5S8GB14
        MercadoLibre S.R.L
        58733R102
        
          
          
          
        
        21918
        NS
        USD
        26071022.64
        0.4292631790
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Sirius XM Holdings Inc.
        54930055RWDMVXAGZK98
        Sirius XM Holdings Inc.
        82968B103
        
          
          
          
        
        1739202
        NS
        USD
        11513517.24
        0.1895717356
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          
        
      
      
        Amazon.com, Inc.
        ZXTILKJKG63JELOEG630
        Amazon.com, Inc.
        023135106
        
          
          
          
        
        133978
        NS
        USD
        436761581.1
        7.1913429464
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Cisco Systems, Inc.
        549300LKFJ962MZ46593
        Cisco Systems, Inc.
        17275R102
        
          
          
          
        
        1814674
        NS
        USD
        101186222.2
        1.6660458630
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Constellation Energy Group, Inc.
        549300F8Y20RYGNGV346
        Constellation Energy Group, Inc.
        21037T109
        
          
          
          
        
        142602.0001
        NS
        USD
        8021362.51
        0.1320729002
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        JD.com, Inc.
        549300HVTWB0GJZ16V92
        JD.com, Inc.
        47215P106
        
          
          
          
        
        260543
        NS
        USD
        15077623.41
        0.2482552620
        Long
        EC
        CORP
        KY
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Lululemon Athletica Canada Inc.
        549300D9GZ4BMLDW5T40
        Lululemon Athletica Canada Inc.
        550021109
        
          
          
          
        
        54317
        NS
        USD
        19838197.91
        0.3266388134
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        O'Reilly Automotive, Inc.
        549300K2RLMQL149Q332
        O'Reilly Automotive, Inc.
        67103H107
        
          
          
          
        
        29418
        NS
        USD
        20150153.28
        0.3317752040
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Ross Stores, Inc.
        549300ENZFLPGRDFZQ60
        Ross Stores, Inc.
        778296103
        
          
          
          
        
        154442
        NS
        USD
        13970823.32
        0.2300316376
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Skyworks Solutions, Inc.
        549300WZ3ORQ2BVKBD96
        Skyworks Solutions, Inc.
        83088M102
        
          
          
          
        
        71886
        NS
        USD
        9580966.08
        0.1577519998
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Splunk Inc.
        549300XGDSGBP6UEI867
        Splunk Inc.
        848637104
        
          
          
          
        
        70033
        NS
        USD
        10407604.13
        0.1713627155
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Texas Instruments Incorporated
        WDJNR2L6D8RWOEB8T652
        Texas Instruments Incorporated
        882508104
        
          
          
          
        
        403219
        NS
        USD
        73982622.12
        1.2181346317
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Airbnb, Inc.
        549300HMUDNO0RY56D37
        Airbnb, Inc.
        009066101
        
          
          
          
        
        162138
        NS
        USD
        27848822.88
        0.4585349185
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Workday, Inc.
        549300J0DYC0N31V7G13
        Workday, Inc.
        98138H101
        
          
          
          
        
        85619
        NS
        USD
        20502325.74
        0.3375737747
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Autodesk, Inc.
        FRKKVKAIQEF3FCSTPG55
        Autodesk, Inc.
        052769106
        
          
          
          
        
        95969
        NS
        USD
        20570955.15
        0.3387037680
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Datadog, Inc.
        549300F6JNO0KRPO1K63
        Datadog, Inc.
        23804L103
        
          
          
          
        
        115450
        NS
        USD
        17487211.5
        0.2879294803
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Tesla Inc.
        54930043XZGB27CTOV49
        Tesla Inc.
        88160R101
        
          
          
          
        
        272122
        NS
        USD
        293238667.2
        4.8282172980
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        NXP Semiconductors N.V.
        724500M9BY5293JDF951
        NXP Semiconductors N.V.
        N/A
        
          
          
          
        
        115550
        NS
        USD
        21385994
        0.3521235011
        Long
        EC
        CORP
        NL
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Kraft Foods Group, Inc.
        5493003STKEZ2S0RNU91
        Kraft Foods Group, Inc.
        500754106
        
          
          
          
        
        534293
        NS
        USD
        21045801.27
        0.3465221784
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Paypal Holdings, Inc.
        5493005X2GO78EFZ3E94
        Paypal Holdings, Inc.
        70450Y103
        
          
          
          
        
        508912
        NS
        USD
        58855672.8
        0.9690672114
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Cintas Corporation
        N/A
        Cintas Corporation
        172908105
        
          
          
          
        
        45314
        NS
        USD
        19276122.46
        0.3173841594
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Comcast Corporation
        51M0QTTNCGUN7KFCFZ59
        Comcast Corporation
        20030N101
        
          
          
          
        
        1976135
        NS
        USD
        92522640.7
        1.5233987337
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Dollar Tree, Inc.
        549300PMSTQITB1WHR43
        Dollar Tree, Inc.
        256746108
        
          
          
          
        
        97830
        NS
        USD
        15667474.5
        0.2579672460
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Keurig Dr Pepper Inc.
        DYTQ8KRTKO7Y2BVU5K74
        Keurig Dr Pepper Inc.
        49271V100
        
          
          
          
        
        619497
        NS
        USD
        23478936.3
        0.3865841005
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Vertex Pharmaceuticals Incorporated
        54930015RAQRRZ5ZGJ91
        Vertex Pharmaceuticals Incorporated
        92532F100
        
          
          
          
        
        111207
        NS
        USD
        29021690.79
        0.4778463592
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Activision Blizzard, Inc.
        549300TPQQDBP9GNOF40
        Activision Blizzard, Inc.
        00507V109
        
          
          
          
        
        339161
        NS
        USD
        27170187.71
        0.4473610917
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Align Technology, Inc.
        549300N5YSE0U3LCP840
        Align Technology, Inc.
        016255101
        
          
          
          
        
        34328
        NS
        USD
        14967008
        0.2464339632
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Analog Devices, Inc.
        GYVOE5EZ4GDAVTU4CQ61
        Analog Devices, Inc.
        032654105
        
          
          
          
        
        228601
        NS
        USD
        37760313.18
        0.6217290476
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Microsoft Corporation
        INR2EJN1ERAN0W5ZP974
        Microsoft Corporation
        594918104
        
          
          
          
        
        1973920
        NS
        USD
        608579275.2
        10.0203462654
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        T-Mobile US, Inc.
        549300QHIJYOHPACPG31
        T-Mobile US, Inc.
        872590104
        
          
          
          
        
        545730
        NS
        USD
        70044445.5
        1.1532919810
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Apple Inc.
        HWUPKR0MPOU8FGXBT394
        Apple Inc.
        037833100
        
          
          
          
        
        4296897
        NS
        USD
        750281185.2
        12.3534888197
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Booking Holdings Inc.
        FXM8FAOHMYDIPD38UZ17
        Booking Holdings Inc.
        09857L108
        
          
          
          
        
        17904
        NS
        USD
        42046648.8
        0.6923041869
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Costco Wholesale Corporation
        29DX7H14B9S6O3FD6V18
        Costco Wholesale Corporation
        22160K105
        
          
          
          
        
        193706
        NS
        USD
        111545600.1
        1.8366145265
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        DocuSign, Inc.
        549300Q7PVDWRZ39JG09
        DocuSign, Inc.
        256163106
        
          
          
          
        
        86554
        NS
        USD
        9271664.48
        0.1526593039
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Lam Research Corporation
        549300I4GMO6D34U1T02
        Lam Research Corporation
        512807108
        
          
          
          
        
        61267
        NS
        USD
        32937751.87
        0.5423248743
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Intel Corporation
        KNX4USFCNGPY45LOCE31
        Intel Corporation
        458140100
        
          
          
          
        
        1778780
        NS
        USD
        88156336.8
        1.4515069050
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Microchip Technology Incorporated
        5493007PTFULNYZJ1R12
        Microchip Technology Incorporated
        595017104
        
          
          
          
        
        241937
        NS
        USD
        18179146.18
        0.2993222855
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        PACCAR Inc
        KDTEY8BWE486IKZ3CC07
        PACCAR Inc
        693718108
        
          
          
          
        
        150919
        NS
        USD
        13291436.33
        0.2188454320
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Palo Alto Networks, Inc.
        549300QXR2YVZV231H43
        Palo Alto Networks, Inc.
        697435105
        
          
          
          
        
        43092
        NS
        USD
        26825200.92
        0.4416808341
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Regeneron Pharmaceuticals, Inc.
        549300RCBFWIRX3HYQ56
        Regeneron Pharmaceuticals, Inc.
        75886F107
        
          
          
          
        
        46617
        NS
        USD
        32558245.14
        0.5360762408
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Seagen Inc.
        N/A
        Seagen Inc.
        81181C104
        
          
          
          
        
        80214
        NS
        USD
        11554826.7
        0.1902519019
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Synopsys, Inc.
        QG7T915N9S0NY5UKNE63
        Synopsys, Inc.
        871607107
        
          
          
          
        
        66297
        NS
        USD
        22094801.19
        0.3637941146
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Advanced Micro Devices, Inc.
        R2I72C950HOYXII45366
        Advanced Micro Devices, Inc.
        007903107
        
          
          
          
        
        711863
        NS
        USD
        77835100.42
        1.2815662471
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Verisk Analytics, Inc.
        549300I1YSWNIRKBWP67
        Verisk Analytics, Inc.
        92345Y106
        
          
          
          
        
        70232
        NS
        USD
        15073894.16
        0.2481938594
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        American Electric Power Company, Inc.
        1B4S6S7G0TW5EE83BO58
        American Electric Power Company, Inc.
        025537101
        
          
          
          
        
        218925
        NS
        USD
        21842147.25
        0.3596341307
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Okta, Inc.
        549300N8J06I8MRHU620
        Okta, Inc.
        679295105
        
          
          
          
        
        64906
        NS
        USD
        9798209.76
        0.1613289485
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Xcel Energy Inc.
        LGJNMI9GH8XIDG5RCM61
        Xcel Energy Inc.
        98389B100
        
          
          
          
        
        237730
        NS
        USD
        17156974.1
        0.2824920735
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Applied Materials, Inc.
        41BNNE1AFPNAZELZ6K07
        Applied Materials, Inc.
        038222105
        
          
          
          
        
        385895
        NS
        USD
        50860961
        0.8374331190
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Fastenal Company
        529900PP0C7H2HHPSJ32
        Fastenal Company
        311900104
        
          
          
          
        
        250716
        NS
        USD
        14892530.4
        0.2452076787
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        JNL Government Money Market Fund
        N/A
        JNL Government Money Market Fund
        46628D437
        
          
        
        74295848.11
        NS
        USD
        74295848.11
        1.2232919432
        Long
        STIV
        RF
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Cadence Design Systems, Inc.
        GCT7RXJOGLXPV0NXZY22
        Cadence Design Systems, Inc.
        127387108
        
          
          
          
        
        120904
        NS
        USD
        19883871.84
        0.3273908413
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        DexCom, Inc.
        549300YSK3QDSFR5EU59
        DexCom, Inc.
        252131107
        
          
          
          
        
        42284
        NS
        USD
        21632494.4
        0.3561821661
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Lucid Group, Inc.
        N/A
        Lucid Group, Inc.
        549498103
        
          
          
          
        
        722196
        NS
        USD
        18343778.4
        0.3020329789
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          
        
      
      
        Moderna, Inc.
        549300EI6OKH5K5Q2G38
        Moderna, Inc.
        60770K107
        
          
          
          
        
        176375
        NS
        USD
        30382357.5
        0.5002499344
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Netflix, Inc.
        549300Y7VHGU0I7CE873
        Netflix, Inc.
        64110L106
        
          
          
          
        
        193937
        NS
        USD
        72646860.83
        1.1961411278
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Walgreens Boots Alliance, Inc.
        549300RPTUOIXG4LIH86
        Walgreens Boots Alliance, Inc.
        931427108
        
          
          
          
        
        375501
        NS
        USD
        16811179.77
        0.2767985196
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Automatic Data Processing, Inc.
        HGBOLILQXWER4SAL2I23
        Automatic Data Processing, Inc.
        053015103
        
          
          
          
        
        183488
        NS
        USD
        41750859.52
        0.6874339734
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        IDEXX Laboratories, Inc.
        OGMTXK0LUU1HKV2P0J84
        IDEXX Laboratories, Inc.
        45168D104
        
          
          
          
        
        36797
        NS
        USD
        20130166.82
        0.3314461240
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Illumina, Inc.
        SQ95QG8SR5Q56LSNF682
        Illumina, Inc.
        452327109
        
          
          
          
        
        67918
        NS
        USD
        23730549.2
        0.3907269435
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        KLA Corporation
        549300H0BF5JCG96TJ81
        KLA Corporation
        482480100
        
          
          
          
        
        66220
        NS
        USD
        24240493.2
        0.3991232456
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Marvell Technology, Inc.
        N/A
        Marvell Technology, Inc.
        573874104
        
          
          
          
        
        368599
        NS
        USD
        26432234.29
        0.4352105813
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Micron Technology, Inc.
        B3DXGBC8GAIYWI2Z0172
        Micron Technology, Inc.
        595112103
        
          
          
          
        
        486582
        NS
        USD
        37899871.98
        0.6240269035
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Pinduoduo Inc.
        5493000573DS7005T657
        Pinduoduo Inc.
        722304102
        
          
          
          
        
        193304
        NS
        USD
        7753423.44
        0.1276612444
        Long
        EC
        CORP
        KY
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Amgen Inc.
        62QBXGPJ34PQ72Z12S66
        Amgen Inc.
        031162100
        
          
          
          
        
        243328
        NS
        USD
        58841576.96
        0.9688351214
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        ANSYS, Inc.
        549300VJV8H15Z5FJ571
        ANSYS, Inc.
        03662Q105
        
          
          
          
        
        38105
        NS
        USD
        12104053.25
        0.1992949969
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Atlassian Corporation PLC
        549300AGBII4MWBVJY22
        Atlassian Corporation PLC
        N/A
        
          
          
          
        
        61661
        NS
        USD
        18117851.63
        0.2983130618
        Long
        EC
        CORP
        GB
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Jackson National Asset Management, LLC
        N/A
        JNL Securities Lending Collateral Fund
        46628D411
        
          
        
        21175838.25
        NS
        USD
        21175838.25
        0.3486632562
        Long
        STIV
        RF
        US
        
        N
        
        1
        
          
          N
          N
        
      
      
        CHICAGO MERCANTILE EXCHANGE
        SNZ2OJLFK8MNNCLQOF39
        FUTURE - CASH SETTLED
        N/A
        
          
          
        
        270
        NC
        USD
        2498795.75
        0.0411430354
        N/A
        DE
        CORP
        US
        
        N
        
        1
        
          
            
              CHICAGO MERCANTILE EXCHANGE
              SNZ2OJLFK8MNNCLQOF39
            
            Long
            
              
                NASDAQ 100 Stock Index
                NDX
              
            
            2022-06-17
            77792454.25
            USD
            2498795.75
          
        
        
          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 

 

27,129 

 

 

 

5,743

 

(189,747

)

1,578,946 

 

100.0

JNL/American Funds Washington Mutual Investors Fund

            
 

American Funds Insurance Series - Washington Mutual Investors Fund - Class 1

 

4,016,089

 

22,135

 

75,718

 

 

13,801

 

(95,307

)

3,881,000

 

100.0

   

4,016,089 

 

22,135 

 

75,718 

 

 

 

13,801

 

(95,307

)

3,881,000 

 

100.0

JNL/Mellon Bond Index Fund

            
 

JNL Bond Index Fund - Class I

 

1,320,210

 

12,080

 

59,395

 

 

(1,968

)

(74,631

)

1,196,296

 

100.0

   

1,320,210 

 

12,080 

 

59,395 

 

 

 

(1,968

)

(74,631

)

1,196,296 

 

100.0

JNL/Mellon Emerging Markets Index Fund

            
 

JNL Emerging Markets Index Fund - Class I

 

1,069,188

 

12,772

 

24,322

 

 

(2,991

)

(65,524

)

989,123

 

100.0

   

1,069,188 

 

12,772 

 

24,322 

 

 

 

(2,991

)

(65,524

)

989,123 

 

100.0

JNL/Mellon International Index Fund

            
 

JNL International Index Fund - Class I

 

2,645,648

 

9,139

 

55,565

 

 

(1,405

)

(173,082

)

2,424,735

 

100.0

   

2,645,648 

 

9,139 

 

55,565 

 

 

 

(1,405

)

(173,082

)

2,424,735 

 

100.0

JNL/Mellon S&P 400 MidCap Index Fund

            
 

JNL Mid Cap Index Fund - Class I

 

3,850,651

 

19,212

 

100,994

 

 

(2,667

)

(186,767

)

3,579,435

 

100.0

   

3,850,651 

 

19,212 

 

100,994 

 

 

 

(2,667

)

(186,767

)

3,579,435 

 

100.0

11


JNL Series Trust (Unaudited)

Schedules of Investments (in thousands)

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/Mellon Small Cap Index Fund

            
 

JNL Small Cap Index Fund - Class I

 

2,981,337

 

19,892

 

74,759

 

 

(773

)

(166,965

)

2,758,732

 

100.0

   

2,981,337 

 

19,892 

 

74,759 

 

 

 

(773

)

(166,965

)

2,758,732 

 

100.0

JNL Aggressive Growth Allocation Fund

            
 

JNL Multi-Manager Alternative Fund - Class I

 

18,252

 

1,740

 

283

 

 

38

 

(902

)

18,845

 

1.2

 

JNL Multi-Manager Emerging Markets Equity Fund - Class I

 

63,094

 

369

 

1,937

 

 

(187

)

(7,622

)

53,717

 

3.3

 

JNL Multi-Manager International Small Cap Fund - Class I

 

82,704

 

595

 

556

 

 

137

 

(11,853

)

71,027

 

4.4

 

JNL Multi-Manager Mid Cap Fund - Class I

 

188,696

 

 

4,351

 

 

1,658

 

(12,860

)

173,143

 

10.6

 

JNL Multi-Manager Small Cap Growth Fund - Class I

 

48,826

 

670

 

416

 

 

149

 

(7,149

)

42,080

 

2.6