# EDGAR Filing Document

**Accession Number:** 0000933691
**File Stem:** 0000933691-25-001200
**Filing Date:** 2025-8
**Character Count:** 43477
**Document Hash:** 8aaf776a61ee381183ded51e399a9c3e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000933691-25-001200.hdr.sgml**: 20250827

**ACCESSION NUMBER**: 0000933691-25-001200

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250827

**DATE AS OF CHANGE**: 20250827

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** JNL SERIES TRUST
- **CENTRAL INDEX KEY:** 0000933691

**ORGANIZATION NAME:**
- **EIN:** 381659835
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08894
- **FILM NUMBER:** 251266068

**BUSINESS ADDRESS:**
- **STREET 1:** 1 CORPORATE WAY
- **CITY:** LANSING
- **STATE:** MI
- **ZIP:** 48951
- **BUSINESS PHONE:** (517) 367-4336

**MAIL ADDRESS:**
- **STREET 1:** 1 CORPORATE WAY
- **CITY:** LANSING
- **STATE:** MI
- **ZIP:** 48951

## Series and Classes Contracts Data

### JNL/T. ROWE PRICE U.S. HIGH YIELD FUND (Series ID: S000052994)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000166581 | JNL/T. ROWE PRICE U.S. HIGH YIELD FUND (A) |  |
| C000192218 | JNL/T. ROWE PRICE U.S. HIGH YIELD FUND (I) |  |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** JNL Series Trust

- **b. Investment Company Act file number:** 811-8894

- **c. CIK number of Registrant:** 0000933691

- **d. LEI of Registrant:** 549300T5WIPN6IWM0D45

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 1 Corporate Way

  - **City:** Lansing

  - **State:** MI

  - **Foreign country:** US

  - **Zip / Postal Code:** 48951

  - **Telephone number:** 517-367-4336

**Item A.2. Information about the Series.**

- **a. Name of Series:** JNL/T. Rowe Price U.S. High Yield Fund

- **b. EDGAR series identifier (if any):** S000052994

- **c. LEI of Series:** 549300QUD0TQE5JKFI20

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $477933508.24

**Total Liabilities:** $32437263.32

**Net Assets:** $445496244.92

**Cash Not Reported:** $1078828.92

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.000000000000 | **1-Year:** -100.989051282837 | **5-Year:** -2228.319898411935 | **10-Year:** -452.838961415161 | **30-Year:** -6685.753977867521

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** -34.864826120225 | **1-Year:** -9828.960402466747 | **5-Year:** -71456.385729929302 | **10-Year:** -22317.901321300231 | **30-Year:** -9824.071391950656

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000166581 | -0.48%               | 2.16%                | 1.88%                |
| Class ID C000192218 | -0.47%               | 2.22%                | 1.86%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $114628.48               | $-5498243.02                               |
| Month 2  | $-386648.13              | $7476969.14                                |
| Month 3  | $430518.30               | $5049021.60                                |

### Schedule of Portfolio Investments

| Name                                            | Title                                           | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CCO Holdings, LLC                               | CCO Holdings, LLC                               | CUSIP: 1248EPCT8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4295000 | PA      | $4479316.36   | 1.01%             | 2031-03-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Community Health Systems, Inc.                  | Community Health Systems, Inc.                  | CUSIP: 12543DBN9<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   4485000 | PA      | $4747815.08   | 1.07%             | 2032-01-15      | Fixed         | 10.88%                | Yes           |                  2 | On Loan: No      |
| NRG Energy, Inc.                                | NRG Energy, Inc.                                | CUSIP: 629377CU4<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   3113000 | PA      | $3448646.34   | 0.77%             | 2500-12-31      | Fixed         | 10.25%                | Yes           |                  2 | On Loan: No      |
| NCR Atleos Escrow Corporation                   | NCR Atleos Escrow Corporation                   | CUSIP: 638962AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3260000 | PA      | $3568376.86   | 0.80%             | 2029-04-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Chord Energy Corporation                        | Chord Energy Corporation                        | CUSIP: 674215AN8<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | DBT              | CORP              | US        |   4515000 | PA      | $4619191.80   | 1.04%             | 2033-03-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Odeon Finco PLC                                 | Odeon Finco PLC                                 | CUSIP: 67585LAA3<br>LEI: 9845003ECF9901CC5382 | Long             | DBT              | CORP              | US        |    484000 | PA      | $505637.16    | 0.11%             | 2027-11-01      | Fixed         | 12.75%                | Yes           |                  2 | On Loan: No      |
| CSC Holdings, LLC                               | CSC Holdings, LLC                               | CUSIP: 126307BM8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   4770000 | PA      | $4746987.09   | 1.07%             | 2028-05-15      | Fixed         | 11.25%                | Yes           |                  2 | On Loan: —       |
| Celanese US Holdings LLC                        | Celanese US Holdings LLC                        | CUSIP: 15089QBA1<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |   4910000 | PA      | $4960412.39   | 1.11%             | 2033-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| OneMain Finance Corporation                     | OneMain Finance Corporation                     | CUSIP: 682691AE0<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   4400000 | PA      | $4673992.00   | 1.05%             | 2030-03-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Onesky Flight, LLC                              | Onesky Flight, LLC                              | CUSIP: 68278CAA3<br>LEI: 549300PM6NEPXGG5B882 | Long             | DBT              | CORP              | US        |   4523000 | PA      | $4707997.57   | 1.06%             | 2029-12-15      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| Clarios Global LP                               | Clarios Global LP                               | CUSIP: 18060TAD7<br>LEI: 549300474L1ZLXZY2P98 | Long             | DBT              | CORP              | US        |   1326000 | PA      | $1378826.81   | 0.31%             | 2030-02-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Cloud Software Group, Inc.                      | Cloud Software Group, Inc.                      | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   4595000 | PA      | $4764013.66   | 1.07%             | 2029-09-30      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Cloud Software Group, Inc.                      | Cloud Software Group, Inc.                      | CUSIP: 18912UAC6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   4500000 | PA      | $4790636.28   | 1.08%             | 2032-06-30      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Cougar JV Subsidiary, LLC                       | Cougar JV Subsidiary, LLC                       | CUSIP: 22208WAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4594000 | PA      | $4898759.30   | 1.10%             | 2032-05-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| 1261229 B.C. Ltd.                               | 1261229 B.C. Ltd.                               | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4730000 | PA      | $4772398.58   | 1.07%             | 2032-04-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| Owens-Brockway Glass Container Inc.             | Owens-Brockway Glass Container Inc.             | CUSIP: 69073TAU7<br>LEI: V2UQUCDZJ9WY98W8QU33 | Long             | DBT              | CORP              | US        |   4633000 | PA      | $4750430.01   | 1.07%             | 2031-05-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| PBF Holding Company LLC                         | PBF Holding Company LLC                         | CUSIP: 69318FAL2<br>LEI: 549300TILVIIV9FLL461 | Long             | DBT              | CORP              | US        |   5080000 | PA      | $4545811.69   | 1.02%             | 2030-09-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| PBF Holding Company LLC                         | PBF Holding Company LLC                         | CUSIP: 69318FAM0<br>LEI: 549300TILVIIV9FLL461 | Long             | DBT              | CORP              | US        |   2590000 | PA      | $2517579.33   | 0.57%             | 2030-03-15      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| Deluxe Corporation                              | Deluxe Corporation                              | CUSIP: 248019AW1<br>LEI: KWGNKB8TX9LE5TV29231 | Long             | DBT              | CORP              | US        |   4675000 | PA      | $4827686.34   | 1.08%             | 2029-09-15      | Fixed         | 8.13%                 | Yes           |                  2 | On Loan: No      |
| DIRECTV Financing, LLC                          | DIRECTV Financing, LLC                          | CUSIP: 25461LAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3873000 | PA      | $3813315.48   | 0.86%             | 2030-02-01      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| PRA Group, Inc.                                 | PRA Group, Inc.                                 | CUSIP: 69354NAF3<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |   4570000 | PA      | $4752431.57   | 1.07%             | 2030-01-31      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| Permian Resources Operating, LLC                | Permian Resources Operating, LLC                | CUSIP: 71424VAA8<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |   4405000 | PA      | $4566015.04   | 1.02%             | 2032-01-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| DISH Network Corporation                        | DISH Network Corporation                        | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |   4753000 | PA      | $4893666.79   | 1.10%             | 2027-11-15      | Fixed         | 11.75%                | Yes           |                  2 | On Loan: No      |
| EchoStar Corporation                            | EchoStar Corporation                            | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2261795.51   | 0.51%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| Edison International                            | Edison International                            | CUSIP: 281020AX5<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |   3425000 | PA      | $3308370.87   | 0.74%             | 2053-06-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: —       |
| EG Global Finance PLC                           | EG Global Finance PLC                           | CUSIP: 28228PAC5<br>LEI: 549300TL8Q5207VYET27 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $6624513.36   | 1.49%             | 2028-11-30      | Fixed         | 12.00%                | Yes           |                  2 | On Loan: No      |
| Enbridge Inc.                                   | Enbridge Inc.                                   | CUSIP: 29250NBS3<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | US        |   8430000 | PA      | $8913949.44   | 2.00%             | 2084-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Encino Acquisition Partners Holdings, LLC       | Encino Acquisition Partners Holdings, LLC       | CUSIP: 29254BAB3<br>LEI: 549300BUKUEKT2UE4T49 | Long             | DBT              | CORP              | US        |   4276000 | PA      | $4731806.33   | 1.06%             | 2031-05-01      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| First Quantum Minerals Ltd                      | First Quantum Minerals Ltd                      | CUSIP: 335934AU9<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | US        |   4549000 | PA      | $4720119.55   | 1.06%             | 2031-06-01      | Fixed         | 8.63%                 | Yes           |                  2 | On Loan: No      |
| First Quantum Minerals Ltd                      | First Quantum Minerals Ltd                      | CUSIP: 335934AW5<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | US        |   2340000 | PA      | $2400001.58   | 0.54%             | 2033-03-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Quikrete Holdings, Inc.                         | Quikrete Holdings, Inc.                         | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |   4230000 | PA      | $4363368.81   | 0.98%             | 2033-03-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| RFNA, LP                                        | RFNA, LP                                        | CUSIP: 74984AAA0<br>LEI: 2549002A4GSOTYKKHR45 | Long             | DBT              | CORP              | US        |   4740000 | PA      | $4850108.87   | 1.09%             | 2030-02-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Anywhere Real Estate Group LLC                  | Anywhere Real Estate Group LLC                  | CUSIP: 75606DAS0<br>LEI: LF6PBYTYG3BDVEF4FI12 | Long             | DBT              | CORP              | US        |   4954040 | PA      | $4625928.28   | 1.04%             | 2030-04-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: —       |
| T. Rowe Price Government Reserve Fund           | T. Rowe Price Government Reserve Fund           | CUSIP: 76105Y109<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   3297687 | NS      | $3297687.04   | 0.74%             | 2099-12-01      | Variable      | 2.64%                 | No            |                  1 | On Loan: No      |
| Ritchie Bros. Holdings Inc.                     | Ritchie Bros. Holdings Inc.                     | CUSIP: 76774LAC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1135000 | PA      | $1193368.39   | 0.27%             | 2031-03-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Sabre GLBL Inc.                                 | Sabre GLBL Inc.                                 | CUSIP: 78573NAL6<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |   5086000 | PA      | $5228578.84   | 1.17%             | 2029-11-15      | Fixed         | 10.75%                | Yes           |                  2 | On Loan: —       |
| FirstCash, Inc.                                 | FirstCash, Inc.                                 | CUSIP: 33767DAD7<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |   1130000 | PA      | $1169691.06   | 0.26%             | 2032-03-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Gray Media, Inc.                                | Gray Media, Inc.                                | CUSIP: 389375AM8<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |   2233000 | PA      | $2399465.82   | 0.54%             | 2029-07-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| Saks Global Enterprises LLC                     | Saks Global Enterprises LLC                     | CUSIP: 79380MAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5460000 | PA      | $2068658.65   | 0.46%             | 2029-12-15      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: —       |
| Sigma Holdco B.V.                               | Sigma Holdco B.V.                               | CUSIP: 82660CAA0<br>LEI: 254900RAPCKVT00GAO59 | Long             | DBT              | CORP              | NL        |   4724000 | PA      | $4719583.20   | 1.06%             | 2026-05-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Sinclair Television Group, Inc.                 | Sinclair Television Group, Inc.                 | CUSIP: 829259BH2<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |   2475000 | PA      | $2506837.31   | 0.56%             | 2033-02-15      | Fixed         | 8.13%                 | Yes           |                  2 | On Loan: No      |
| Six Flags Operations Inc.                       | Six Flags Operations Inc.                       | CUSIP: 83001AAD4<br>LEI: 549300JYTDUAA4JQ3717 | Long             | DBT              | CORP              | US        |   8018000 | PA      | $8238495.00   | 1.85%             | 2031-05-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| South Bow Canadian Infrastructure Holdings Ltd. | South Bow Canadian Infrastructure Holdings Ltd. | CUSIP: 836720AH5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4570000 | PA      | $4729260.43   | 1.06%             | 2055-03-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Sunoco LP                                       | Sunoco LP                                       | CUSIP: 86765KAB5<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   4270000 | PA      | $4447045.26   | 1.00%             | 2029-05-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Herbalife International, Inc.                   | Herbalife International, Inc.                   | CUSIP: 40390DAD7<br>LEI: ST81INWBFR1E54KGC135 | Long             | DBT              | CORP              | US        |   6316000 | PA      | $6913765.00   | 1.55%             | 2029-04-15      | Fixed         | 12.25%                | Yes           |                  2 | On Loan: No      |
| Heartland Dental, LLC                           | Heartland Dental, LLC                           | CUSIP: 42239PAB5<br>LEI: 5493008FRC0GRKBN1075 | Long             | DBT              | CORP              | US        |   7871000 | PA      | $8314348.24   | 1.87%             | 2028-04-30      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| Talen Energy Supply, LLC                        | Talen Energy Supply, LLC                        | CUSIP: 87422VAK4<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |   4135000 | PA      | $4422866.17   | 0.99%             | 2030-06-01      | Fixed         | 8.63%                 | Yes           |                  2 | On Loan: No      |
| Voyager Parent, LLC                             | Voyager Parent, LLC                             | CUSIP: 92921EAA0<br>LEI: 2549002DYVI4ACSV4V71 | Long             | DBT              | CORP              | US        |   4575000 | PA      | $4768320.10   | 1.07%             | 2032-07-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Weatherford International Ltd                   | Weatherford International Ltd                   | CUSIP: 947075AU1<br>LEI: 549300A2JKMG5PGOGF82 | Long             | DBT              | CORP              | US        |   4678000 | PA      | $4819367.90   | 1.08%             | 2030-04-30      | Fixed         | 8.63%                 | Yes           |                  2 | On Loan: No      |
| Williams Scotsman, Inc.                         | Williams Scotsman, Inc.                         | CUSIP: 96949VAL7<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |   6576000 | PA      | $6915218.03   | 1.55%             | 2031-10-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Windstream Services, LLC                        | Windstream Services, LLC                        | CUSIP: 97381AAA0<br>LEI: 549300L3SXBFJVGRCF66 | Long             | DBT              | CORP              | US        |   3415000 | PA      | $3576664.53   | 0.80%             | 2031-10-01      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Ascent Resources - Marcellus, LLC               | Ascent Resources - Marcellus, LLC               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      5214 | NS      | $6908.55      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Hertz Vehicle Financing II LP                   | Hertz Vehicle Financing II LP                   | CUSIP: 428040DC0<br>LEI: 549300FPK70TCB78NG05 | Long             | DBT              | CORP              | US        |   2600000 | PA      | $2719111.17   | 0.61%             | 2029-07-15      | Fixed         | 12.63%                | Yes           |                  2 | On Loan: —       |
| Howard Midstream Energy Partners, LLC           | Howard Midstream Energy Partners, LLC           | CUSIP: 442722AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2264000 | PA      | $2381120.84   | 0.53%             | 2032-07-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Lumen Technologies, Inc.                        | Lumen Technologies, Inc.                        | CUSIP: 55024EAF2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2453762 | PA      | $2420955.43   | 0.54%             | 2029-04-15      | Floating      | 6.79%                 | No            |                  2 | On Loan: No      |
| Waterbridge Midstream Operating LLC             | Waterbridge Midstream Operating LLC             | CUSIP: 94120XAF2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4351475 | PA      | $4322711.75   | 0.97%             | 2029-06-22      | Floating      | 9.31%                 | No            |                  2 | On Loan: No      |
| AMC Entertainment Holdings, Inc.                | AMC Entertainment Holdings, Inc.                | CUSIP: 00164CAD7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4262820 | PA      | $4300119.80   | 0.97%             | 2029-01-04      | Floating      | 11.32%                | No            |                  2 | On Loan: No      |
| Instructure Holdings, Inc.                      | Instructure Holdings, Inc.                      | CUSIP: 45115MAB4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4360000 | PA      | $4392700.00   | 0.99%             | 2032-09-10      | Floating      | 9.21%                 | No            |                  2 | On Loan: No      |
| Iliad Holding                                   | Iliad Holding                                   | CUSIP: 449691AG9<br>LEI: 9695009PXA7OI9NXN582 | Long             | DBT              | CORP              | US        |   4685000 | PA      | $4797557.78   | 1.08%             | 2032-04-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Ithaca Energy (North Sea) PLC                   | Ithaca Energy (North Sea) PLC                   | CUSIP: 46567TAC8<br>LEI: 213800BMMUN3AKWBIO91 | Long             | DBT              | CORP              | US        |   4555000 | PA      | $4692958.38   | 1.05%             | 2029-10-15      | Fixed         | 8.13%                 | Yes           |                  2 | On Loan: No      |
| Ivanhoe Mines Ltd                               | Ivanhoe Mines Ltd                               | CUSIP: 46579RAE4<br>LEI: 5299006XZISURYIA4G32 | Long             | DBT              | CORP              | US        |   4640000 | PA      | $4629021.11   | 1.04%             | 2030-01-23      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| JetBlue Airways Corporation                     | JetBlue Airways Corporation                     | CUSIP: 476920AA1<br>LEI: 54930070J9H97ZO93T57 | Long             | DBT              | CORP              | US        |   4790000 | PA      | $4662953.49   | 1.05%             | 2031-09-20      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| Endo Luxembourg Finance Company I S.a r.l.      | Endo Luxembourg Finance Company I S.a r.l.      | CUSIP: 29280UAD5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4600238 | PA      | $4589886.97   | 1.03%             | 2031-04-23      | Floating      | 8.33%                 | No            |                  2 | On Loan: No      |
| Ellucian Holdings, Inc.                         | Ellucian Holdings, Inc.                         | CUSIP: 28917XAE0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4190000 | PA      | $4273800.00   | 0.96%             | 2032-11-14      | Floating      | 9.08%                 | No            |                  2 | On Loan: No      |
| LGI Homes, Inc.                                 | LGI Homes, Inc.                                 | CUSIP: 50187TAH9<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |   4245000 | PA      | $4412213.48   | 0.99%             | 2028-12-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| LCM Investments Holdings II, LLC                | LCM Investments Holdings II, LLC                | CUSIP: 50190EAC8<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |   4100000 | PA      | $4355820.57   | 0.98%             | 2031-08-01      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Osaic Financial Services, Inc.                  | Osaic Financial Services, Inc.                  | CUSIP: 50575Q300<br>LEI: 549300VFWKFWGJQPSE62 | Long             | EP               | CORP              | US        |    197951 | NS      | $4156971.00   | 0.93%             | 2027-11-30      | Fixed         | 6.50%                 | No            |                  1 | On Loan: No      |
| LATAM Airlines Group S.A.                       | LATAM Airlines Group S.A.                       | CUSIP: 51817RAD8<br>LEI: 549300HX3UUDPEFTG707 | Long             | DBT              | CORP              | US        |   6095000 | PA      | $6199626.77   | 1.39%             | 2030-04-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: —       |
| LATAM Airlines Group S.A.                       | LATAM Airlines Group S.A.                       | CUSIP: 51817RAE6<br>LEI: 549300HX3UUDPEFTG707 | Long             | DBT              | CORP              | US        |   1550000 | PA      | $1554924.35   | 0.35%             | 2031-01-07      | Fixed         | 7.63%                 | Yes           |                  2 | On Loan: No      |
| Level 3 Financing, Inc.                         | Level 3 Financing, Inc.                         | CUSIP: 527298CM3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   4415000 | PA      | $4492042.19   | 1.01%             | 2033-06-30      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| McAfee Corp.                                    | McAfee Corp.                                    | CUSIP: 579063AB4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | DBT              | CORP              | US        |   4671000 | PA      | $4409468.14   | 0.99%             | 2030-02-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Midcontinent Communications                     | Midcontinent Communications                     | CUSIP: 59565XAD2<br>LEI: 549300ZI9GDQBS28C408 | Long             | DBT              | CORP              | US        |   4161000 | PA      | $4411681.90   | 0.99%             | 2032-08-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| NGL Energy Operating LLC                        | NGL Energy Operating LLC                        | CUSIP: 62922LAC2<br>LEI: 5493008CQD36WWZJ3O79 | Long             | DBT              | CORP              | US        |   4459000 | PA      | $4503450.57   | 1.01%             | 2029-02-15      | Fixed         | 8.13%                 | Yes           |                  2 | On Loan: No      |
| Varsity Brands, Inc.                            | Varsity Brands, Inc.                            | CUSIP: 92227QAF3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4422425 | PA      | $4418267.92   | 0.99%             | 2031-08-26      | Floating      | 7.83%                 | No            |                  2 | On Loan: No      |
| LSF9 Atlantis Holdings, LLC                     | LSF9 Atlantis Holdings, LLC                     | CUSIP: 50226BAM0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4300673 | PA      | $4295297.23   | 0.96%             | 2029-03-29      | Floating      | 8.55%                 | No            |                  2 | On Loan: No      |
| Level 3 Financing Inc.                          | Level 3 Financing Inc.                          | CUSIP: 52729KAT3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4280000 | PA      | $4323698.80   | 0.97%             | 2032-03-20      | Floating      | 8.58%                 | No            |                  2 | On Loan: No      |
| APH Somerset Inv 2 LLC                          | APH Somerset Inv 2 LLC                          | CUSIP: 00188QAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4700000 | PA      | $4808155.13   | 1.08%             | 2029-11-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| AAR Escrow Issuer, LLC                          | AAR Escrow Issuer, LLC                          | CUSIP: 00253PAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4450000 | PA      | $4610036.42   | 1.03%             | 2029-03-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Osaic Holdings, Inc.                            | Osaic Holdings, Inc.                            | CUSIP: 00791GAA5<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |   8195000 | PA      | $8229986.59   | 1.85%             | 2027-08-01      | Fixed         | 10.75%                | Yes           |                  2 | On Loan: —       |
| Aethon United BR LP                             | Aethon United BR LP                             | CUSIP: 00810GAD6<br>LEI: 5493007HPG2M9K9X5V41 | Long             | DBT              | CORP              | US        |   4540000 | PA      | $4756758.62   | 1.07%             | 2029-10-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Bread Financial Payments, Inc.                  | Bread Financial Payments, Inc.                  | CUSIP: 018581AQ1<br>LEI: 549300G8S4PO686J7H97 | Long             | DBT              | CORP              | US        |   4960000 | PA      | $4981261.49   | 1.12%             | 2035-06-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Alliant Holdings Intermediate, LLC              | Alliant Holdings Intermediate, LLC              | CUSIP: 01883LAF0<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |   4470000 | PA      | $4624307.93   | 1.04%             | 2031-01-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Aretec Escrow Issuer 2 Inc                      | Aretec Escrow Issuer 2 Inc                      | CUSIP: 04020JAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7769000 | PA      | $8535518.98   | 1.92%             | 2030-08-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| Ascent Resources - Utica, LLC                   | Ascent Resources - Utica, LLC                   | CUSIP: 04364VBA0<br>LEI: 549300XIJBVTOE7Q8Q14 | Long             | DBT              | CORP              | US        |   4455000 | PA      | $4521910.27   | 1.02%             | 2033-07-15      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| Aston Martin Capital Holdings Limited           | Aston Martin Capital Holdings Limited           | CUSIP: 04625HAJ8<br>LEI: 213800H4GKEF3CJ8C774 | Long             | DBT              | CORP              | US        |   6104000 | PA      | $5795575.32   | 1.30%             | 2029-03-31      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| Avianca MidCo 2 PLC                             | Avianca MidCo 2 PLC                             | CUSIP: 05369YAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2440000 | PA      | $2249591.28   | 0.50%             | 2030-02-14      | Fixed         | 9.63%                 | Yes           |                  2 | On Loan: No      |
| Avis Budget Car Rental, LLC                     | Avis Budget Car Rental, LLC                     | CUSIP: 053773BJ5<br>LEI: XN8R4HH1TVC1XOCL5P21 | Long             | DBT              | CORP              | US        |   6310000 | PA      | $6587243.23   | 1.48%             | 2030-01-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: —       |
| Blackstone Mortgage Trust, Inc.                 | Blackstone Mortgage Trust, Inc.                 | CUSIP: 09257WAF7<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | DBT              | CORP              | US        |   4310000 | PA      | $4584232.67   | 1.03%             | 2029-12-01      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Bombardier Inc.                                 | Bombardier Inc.                                 | CUSIP: 097751CB5<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | US        |   4105000 | PA      | $4306394.99   | 0.97%             | 2031-07-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Brookfield Properties Retail Holding LLC        | Brookfield Properties Retail Holding LLC        | CUSIP: 11284DAC9<br>LEI: 549300K1JD1LDRNBET48 | Long             | DBT              | CORP              | US        |   3574000 | PA      | $3476713.36   | 0.78%             | 2027-04-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| CCO Holdings, LLC                               | CCO Holdings, LLC                               | CUSIP: 1248EPCS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4660000 | PA      | $4754599.03   | 1.07%             | 2029-09-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Encore Capital Group, Inc.                      | Encore Capital Group, Inc.                      | CUSIP: 292554AQ5<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |   4555000 | PA      | $4846924.35   | 1.09%             | 2029-04-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Energy Transfer LP                              | Energy Transfer LP                              | CUSIP: 29273VAX8<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   4188000 | PA      | $4456281.19   | 1.00%             | 2054-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ERO Copper Corp.                                | ERO Copper Corp.                                | CUSIP: 296006AA7<br>LEI: 549300KL8A21SEIO8I47 | Long             | DBT              | CORP              | US        |   4640000 | PA      | $4619441.97   | 1.04%             | 2030-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: —       |
| Excelerate Energy Limited Partnership           | Excelerate Energy Limited Partnership           | CUSIP: 30069UAA6<br>LEI: LGL4IE90TNTFYJ55BK06 | Long             | DBT              | CORP              | US        |   4650000 | PA      | $4900448.40   | 1.10%             | 2030-05-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Uniti Group Inc.                                | Uniti Group Inc.                                | CUSIP: 91327TAA9<br>LEI: 549300V3NU625PJUVA84 | Long             | DBT              | CORP              | US        |   2926000 | PA      | $3100205.47   | 0.70%             | 2028-02-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| Uniti Group Inc.                                | Uniti Group Inc.                                | CUSIP: 91327TAC5<br>LEI: 549300V3NU625PJUVA84 | Long             | DBT              | CORP              | US        |   4409000 | PA      | $4455076.83   | 1.00%             | 2032-06-15      | Fixed         | 8.63%                 | Yes           |                  2 | On Loan: No      |
| Venture Global LNG, Inc.                        | Venture Global LNG, Inc.                        | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   6240000 | PA      | $6081807.45   | 1.37%             | 2500-12-31      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Vistra Corp.                                    | Vistra Corp.                                    | CUSIP: 92840MAB8<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |   4464000 | PA      | $4569547.66   | 1.03%             | 2500-12-31      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Jackson National Asset Management, LLC          | JNL Government Money Market Fund - Class SL     | CUSIP: 46628D395<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  29916785 | NS      | $29916785.00  | 6.72%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-27

**Name of Applicant:** JNL Series Trust

**Signature:** Andrew Tedeschi

**Name of Signer:** Andrew Tedeschi

**Title:** Principal Financial Officer