# EDGAR Filing Document

**Accession Number:** 0000933691
**File Stem:** 0001193125-26-071004
**Filing Date:** 2026-2
**Character Count:** 66166
**Document Hash:** 419041e3d8e18e16de8899d63417fb85
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-071004.hdr.sgml**: 20260225

**ACCESSION NUMBER**: 0001193125-26-071004

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260225

**DATE AS OF CHANGE**: 20260225

**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:** 26677568

**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/Mellon Financial Sector Fund (Series ID: S000068124)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000218206 | JNL/Mellon Financial Sector Fund (I) |  |
| C000218207 | JNL/Mellon Financial Sector Fund (A) |  |

## 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/Mellon Financial Sector Fund

- **b. EDGAR series identifier (if any):** S000068124

- **c. LEI of Series:** 549300XRY4E550ZHR575

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

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

- **b. Date as of which information is reported:** 2025-12-31

**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:** $1546746424.06

**Total Liabilities:** $4353262.72

**Net Assets:** $1542393161.34

**Cash Not Reported:** $747325.95

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000218206 | -2.55%               | 2.01%                | 3.05%                |
| Class ID C000218207 | -2.58%               | 2.00%                | 3.03%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $12766909.01             | $-57151765.41                              |
| Month 2  | $14709901.53             | $13682577.74                               |
| Month 3  | $16016797.17             | $28407077.32                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Jackson National Asset Management, LLC      | JNL Government Money Market Fund - Class SL | CUSIP: 46628D395<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   1911345 | NS      | $1911345.25   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE                 | FUTURE - CASH SETTLED                       | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DE               | CORP              | US        |        55 | NC      | $-102113.91   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Raymond James Financial, Inc.               | Raymond James Financial, Inc.               | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |     30998 | NS      | $4977968.82   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Victory Capital Holdings, Inc.              | Victory Capital Holdings, Inc.              | CUSIP: 92645B103<br>LEI: 549300BN5LH2CIPPHS71 | Long             | EC               | CORP              | US        |      8418 | NS      | $531091.62    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Cohen & Steers, Inc.                        | Cohen & Steers, Inc.                        | CUSIP: 19247A100<br>LEI: 549300XXIA338A0X2K65 | Long             | EC               | CORP              | US        |      5370 | NS      | $337128.60    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Jefferies Financial Group Inc.              | Jefferies Financial Group Inc.              | CUSIP: 47233W109<br>LEI: 549300HOF34RGOJ5YL07 | Long             | EC               | CORP              | US        |     29076 | NS      | $1801839.72   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Rocket Companies, Inc.                      | Rocket Companies, Inc.                      | CUSIP: 77311W101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    158744 | NS      | $3073283.84   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corporation, The             | Charles Schwab Corporation, The             | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |    308620 | NS      | $30834257.28  | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Company                    | American Express Company                    | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |     97911 | NS      | $36222174.45  | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| FactSet Research Systems Inc.               | FactSet Research Systems Inc.               | CUSIP: 303075105<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | EC               | CORP              | US        |      6862 | NS      | $1991283.78   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL Financial Holdings Inc.                 | LPL Financial Holdings Inc.                 | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |     14453 | NS      | $5162178.01   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Ltd.                                | Invesco Ltd.                                | CUSIP: N/A<br>LEI: ECPGFXU8A2SHKVVGJI15       | Long             | EC               | CORP              | BM        |     61515 | NS      | $1615999.05   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Moody's Corporation                         | Moody's Corporation                         | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |     28155 | NS      | $14382981.75  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| SoFi Technologies, Inc.                     | SoFi Technologies, Inc.                     | CUSIP: 83406F102<br>LEI: 549300SW81JCMVZDDY09 | Long             | EC               | CORP              | US        |    224811 | NS      | $5885551.98   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Comerica Incorporated                       | Comerica Incorporated                       | CUSIP: 200340107<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | EC               | CORP              | US        |     22866 | NS      | $1987741.38   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| MasterCard Incorporated                     | MasterCard Incorporated                     | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |    149294 | NS      | $85228958.72  | 5.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Cullen/Frost Bankers, Inc.                  | Cullen/Frost Bankers, Inc.                  | CUSIP: 229899109<br>LEI: 529900V2E9G9AY665O34 | Long             | EC               | CORP              | US        |     10828 | NS      | $1371149.64   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| SEI Investments Company                     | SEI Investments Company                     | CUSIP: 784117103<br>LEI: 5LJTIFADGZ6XH1RVOC11 | Long             | EC               | CORP              | US        |     17285 | NS      | $1417715.70   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlantic Union Bank                         | Atlantic Union Bank                         | CUSIP: 04911A107<br>LEI: 549300ZTT08EKQRVTR15 | Long             | EC               | CORP              | US        |     23289 | NS      | $822101.70    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Bank                                | Cadence Bank                                | CUSIP: 12740C103<br>LEI: Q7C315HKI8VX0SSKBS64 | Long             | EC               | CORP              | US        |     32592 | NS      | $1396241.28   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corporation           | Capital One Financial Corporation           | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |    115757 | NS      | $28054866.52  | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Radian Group Inc.                           | Radian Group Inc.                           | CUSIP: 750236101<br>LEI: 54930005OUP720S5U385 | Long             | EC               | CORP              | US        |     26140 | NS      | $940778.60    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameris Bancorp                              | Ameris Bancorp                              | CUSIP: 03076K108<br>LEI: PBJHNT51T5V6G5UQFV42 | Long             | EC               | CORP              | US        |     11149 | NS      | $828036.23    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| White Mountains Insurance Group Ltd         | White Mountains Insurance Group Ltd         | CUSIP: N/A<br>LEI: 549300N3FL068JERBG02       | Long             | EC               | CORP              | BM        |       428 | NS      | $889396.84    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Home BancShares, Inc.                       | Home BancShares, Inc.                       | CUSIP: 436893200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     34232 | NS      | $950964.96    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Marsh & Mclennan Companies, Inc.            | Marsh & Mclennan Companies, Inc.            | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |     89307 | NS      | $16568234.64  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| TPG Inc.                                    | TPG Inc.                                    | CUSIP: 872657101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23426 | NS      | $1495515.84   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Assurant, Inc.                              | Assurant, Inc.                              | CUSIP: 04621X108<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EC               | CORP              | US        |      9209 | NS      | $2217987.65   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Independence Holdings, LLC                  | Independence Holdings, LLC                  | CUSIP: 68268W103<br>LEI: 549300E3VEW8SMS5XW09 | Long             | EC               | CORP              | US        |     21672 | NS      | $1463943.60   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Axos Financial, Inc.                        | Axos Financial, Inc.                        | CUSIP: 05465C100<br>LEI: 529900D8M56422GK9O25 | Long             | EC               | CORP              | US        |      8759 | NS      | $754675.44    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Cincinnati Financial Corporation            | Cincinnati Financial Corporation            | CUSIP: 172062101<br>LEI: 254900Q4WEDMZBOZ0002 | Long             | EC               | CORP              | US        |     28112 | NS      | $4591251.84   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Credit Acceptance Corporation               | Credit Acceptance Corporation               | CUSIP: 225310101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1007 | NS      | $446564.22    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Company                       | Wells Fargo & Company                       | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |    569104 | NS      | $53040492.80  | 3.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Corebridge Financial, Inc.                  | Corebridge Financial, Inc.                  | CUSIP: 21871X109<br>LEI: 549300XY1661QCIA7J65 | Long             | EC               | CORP              | US        |     46221 | NS      | $1394487.57   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Circle Internet Group, Inc.                 | Circle Internet Group, Inc.                 | CUSIP: 172573107<br>LEI: 254900HFVVR6NPMQVN93 | Long             | EC               | CORP              | US        |      8145 | NS      | $645898.50    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Financial, Inc.           | Fidelity National Financial, Inc.           | CUSIP: 31620R303<br>LEI: 549300CAZYIH39SYQ287 | Long             | EC               | CORP              | US        |     46454 | NS      | $2535923.86   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| KeyCorp                                     | KeyCorp                                     | CUSIP: 493267108<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EC               | CORP              | US        |    171117 | NS      | $3531854.88   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln National Corporation                | Lincoln National Corporation                | CUSIP: 534187109<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | EC               | CORP              | US        |     30979 | NS      | $1379494.87   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Capital Bancshares, Inc.              | Texas Capital Bancshares, Inc.              | CUSIP: 88224Q107<br>LEI: 549300466Q2SXRX0YM48 | Long             | EC               | CORP              | US        |      7592 | NS      | $687379.68    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Inc.                             | Blackstone Inc.                             | CUSIP: 09260D107<br>LEI: 549300D2L6J4NC1QVZ22 | Long             | EC               | CORP              | US        |    133802 | NS      | $20624240.28  | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Lemonade, Inc.                              | Lemonade, Inc.                              | CUSIP: 52567D107<br>LEI: 5493009BKR06OXXU6853 | Long             | EC               | CORP              | US        |      9873 | NS      | $702760.14    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle Financial Partners, Inc.           | Pinnacle Financial Partners, Inc.           | CUSIP: 72346Q104<br>LEI: 54930098EZ8JMSAZGS24 | Long             | EC               | CORP              | US        |     13422 | NS      | $1280593.02   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Voya Financial, Inc.                        | Voya Financial, Inc.                        | CUSIP: 929089100<br>LEI: 549300T065Z4KJ686G75 | Long             | EC               | CORP              | US        |     17477 | NS      | $1301861.73   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Ally Financial Inc.                         | Ally Financial Inc.                         | CUSIP: 02005N100<br>LEI: 549300JBN1OSM8YNAI90 | Long             | EC               | CORP              | US        |     49629 | NS      | $2247697.41   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Associated Banc-Corp                        | Associated Banc-Corp                        | CUSIP: 045487105<br>LEI: 549300N3CIN473IW5094 | Long             | EC               | CORP              | US        |     29903 | NS      | $770301.28    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Third Bancorp                         | Fifth Third Bancorp                         | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |    120540 | NS      | $5642477.40   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Limited                               | Chubb Limited                               | CUSIP: N/A<br>LEI: E0JAN6VLUDI1HITHT809       | Long             | EC               | CORP              | CH        |     66329 | NS      | $20702607.48  | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlyle Group Inc., The                     | Carlyle Group Inc., The                     | CUSIP: 14316J108<br>LEI: 529900NGGVF94UK6PG95 | Long             | EC               | CORP              | US        |     39443 | NS      | $2331475.73   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Commerce Bancshares, Inc.                   | Commerce Bancshares, Inc.                   | CUSIP: 200525103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24824 | NS      | $1299288.16   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Hancock Whitney Corporation                 | Hancock Whitney Corporation                 | CUSIP: 410120109<br>LEI: 549300GRNBWY8HIICT41 | Long             | EC               | CORP              | US        |     14722 | NS      | $937496.96    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                        | JPMorgan Chase & Co.                        | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |    498007 | NS      | $160467815.50 | 10.40%            |  |  |  | No            |                  1 | On Loan: No      |
| Ares Management Corporation                 | Ares Management Corporation                 | CUSIP: 03990B101<br>LEI: 529900JUV61FH7B8VW38 | Long             | EC               | CORP              | US        |     36795 | NS      | $5947175.85   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| W. R. Berkley Corporation                   | W. R. Berkley Corporation                   | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               | CORP              | US        |     52185 | NS      | $3659212.20   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| First Financial Bankshares, Inc.            | First Financial Bankshares, Inc.            | CUSIP: 32020R109<br>LEI: 549300XN3GTGOENGNV49 | Long             | EC               | CORP              | US        |     22688 | NS      | $677690.56    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Lazard, Inc.                                | Lazard, Inc.                                | CUSIP: 52110M109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17264 | NS      | $838339.84    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Mara Holdings, Inc.                         | Mara Holdings, Inc.                         | CUSIP: 565788106<br>LEI: 549300M8ISKPTX2W7F94 | Long             | EC               | CORP              | US        |     67811 | NS      | $608942.78    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| CME Group Inc.                              | CME Group Inc.                              | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |     65002 | NS      | $17750746.16  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| MGIC Investment Corporation                 | MGIC Investment Corporation                 | CUSIP: 552848103<br>LEI: 254900S8483WM4M98R28 | Long             | EC               | CORP              | US        |     38138 | NS      | $1114392.36   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Financial Corporation        | First American Financial Corporation        | CUSIP: 31847R102<br>LEI: 549300B6VEZK3N0A1P55 | Long             | EC               | CORP              | US        |     18180 | NS      | $1116979.20   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Globe Life Inc.                             | Globe Life Inc.                             | CUSIP: 37959E102<br>LEI: 5493001JFHKQOPP6XA71 | Long             | EC               | CORP              | US        |     14148 | NS      | $1978739.28   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Southstate Bank Corporation                 | Southstate Bank Corporation                 | CUSIP: 84472E102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17651 | NS      | $1661135.61   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Assured Guaranty Ltd.                       | Assured Guaranty Ltd.                       | CUSIP: N/A<br>LEI: 549300BBOQUJEPH87M14       | Long             | EC               | CORP              | BM        |      8494 | NS      | $763355.78    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Willis Towers Watson Public Limited Company | Willis Towers Watson Public Limited Company | CUSIP: N/A<br>LEI: 549300WHC56FF48KL350       | Long             | EC               | CORP              | IE        |     16617 | NS      | $5460346.20   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Zions Bancorporation, National Association  | Zions Bancorporation, National Association  | CUSIP: 989701107<br>LEI: 8WH0EE09O9V05QJZ3V89 | Long             | EC               | CORP              | US        |     25680 | NS      | $1503307.20   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Loews Corporation                           | Loews Corporation                           | CUSIP: 540424108<br>LEI: R8V1FN4M5ITGZOG7BS19 | Long             | EC               | CORP              | US        |     31486 | NS      | $3315790.66   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| The PNC Financial Services Group, Inc.      | The PNC Financial Services Group, Inc.      | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |     71381 | NS      | $14899356.13  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| PayPal Holdings, Inc.                       | PayPal Holdings, Inc.                       | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |    169199 | NS      | $9877837.62   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryan Specialty Group Holdings, Inc.         | Ryan Specialty Group Holdings, Inc.         | CUSIP: 78351F107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19194 | NS      | $990986.22    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Flagstar Bank, National Association         | Flagstar Bank, National Association         | CUSIP: 649445400<br>LEI: 529900HVXOTLY61GL030 | Long             | EC               | CORP              | US        |     53582 | NS      | $674597.38    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Tradeweb Markets Inc.                       | Tradeweb Markets Inc.                       | CUSIP: 892672106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21080 | NS      | $2266943.20   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc., The              | Goldman Sachs Group, Inc., The              | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |     54376 | NS      | $47796504.00  | 3.10%             |  |  |  | No            |                  1 | On Loan: No      |
| United Community Banks, Inc.                | United Community Banks, Inc.                | CUSIP: 90984P303<br>LEI: 549300GVW0FV66X3U703 | Long             | EC               | CORP              | US        |     20442 | NS      | $638199.24    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group, Inc.          | American International Group, Inc.          | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |     97152 | NS      | $8311353.60   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| BancFirst Corporation                       | BancFirst Corporation                       | CUSIP: 05945F103<br>LEI: 549300EJEHGBP4IO2J30 | Long             | EC               | CORP              | US        |      3587 | NS      | $380293.74    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Hartford Insurance Group, Inc., The         | Hartford Insurance Group, Inc., The         | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |     51102 | NS      | $7041855.60   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstCash, Inc.                             | FirstCash, Inc.                             | CUSIP: 33768G107<br>LEI: 549300V2X3UU7K0DG350 | Long             | EC               | CORP              | US        |      7270 | NS      | $1158692.60   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc.                              | Citigroup Inc.                              | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |    324069 | NS      | $37815611.61  | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Hamilton Lane Incorporated                  | Hamilton Lane Incorporated                  | CUSIP: 407497106<br>LEI: 5493006OKN3V1NORM833 | Long             | EC               | CORP              | US        |      6959 | NS      | $934663.29    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & Co. Inc.                              | KKR & Co. Inc.                              | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               | CORP              | US        |    120838 | NS      | $15404428.24  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Old National Bancorp                        | Old National Bancorp                        | CUSIP: 680033107<br>LEI: 549300MMK90CL5KMVX16 | Long             | EC               | CORP              | US        |     63381 | NS      | $1414030.11   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| T. Rowe Price Group, Inc.                   | T. Rowe Price Group, Inc.                   | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |     39272 | NS      | $4020667.36   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Erie Indemnity Company                      | Erie Indemnity Company                      | CUSIP: 29530P102<br>LEI: 549300WA5KP94KRUFZ80 | Long             | EC               | CORP              | US        |      4511 | NS      | $1293078.15   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Trust Corporation                  | Northern Trust Corporation                  | CUSIP: 665859104<br>LEI: 549300GLF98S992BC502 | Long             | EC               | CORP              | US        |     34408 | NS      | $4699788.72   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock, Inc.                             | BlackRock, Inc.                             | CUSIP: 09290D101<br>LEI: 549300LRIF3NWCU26A80 | Long             | EC               | CORP              | US        |     25191 | NS      | $26962934.94  | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| SLM Corporation                             | SLM Corporation                             | CUSIP: 78442P106<br>LEI: 4K8SLPBF5DXXGPW03H93 | Long             | EC               | CORP              | US        |     35038 | NS      | $948128.28    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| F&G Annuities & Life, Inc.                  | F&G Annuities & Life, Inc.                  | CUSIP: 30190A104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3777 | NS      | $116520.45    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Houlihan Lokey, Inc.                        | Houlihan Lokey, Inc.                        | CUSIP: 441593100<br>LEI: 549300S3CNGTQ1QZVY46 | Long             | EC               | CORP              | US        |      9668 | NS      | $1684068.92   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| BOK Financial Corporation                   | BOK Financial Corporation                   | CUSIP: 05561Q201<br>LEI: GRI2NT5QHYW751NMR949 | Long             | EC               | CORP              | US        |      3562 | NS      | $421954.52    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Synovus Financial Corp.                     | Synovus Financial Corp.                     | CUSIP: 87161C501<br>LEI: 549300EIUS8UN5JTLE54 | Long             | EC               | CORP              | US        |     25279 | NS      | $1265213.95   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| First Citizens BancShares, Inc.             | First Citizens BancShares, Inc.             | CUSIP: 31946M103<br>LEI: 549300N3Z00ZHE2XC526 | Long             | EC               | CORP              | US        |      1875 | NS      | $4024087.50   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Prosperity Bancshares, Inc.                 | Prosperity Bancshares, Inc.                 | CUSIP: 743606105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16226 | NS      | $1121378.86   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| JNL Government Money Market Fund            | JNL Government Money Market Fund            | CUSIP: 46628D437<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   7869330 | NS      | $7869330.34   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Primerica, Inc.                             | Primerica, Inc.                             | CUSIP: 74164M108<br>LEI: 254900621R686KJR7022 | Long             | EC               | CORP              | US        |      5944 | NS      | $1535691.84   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Robinhood Markets, Inc.                     | Robinhood Markets, Inc.                     | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |    135727 | NS      | $15350723.70  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus Henderson Group PLC                   | Janus Henderson Group PLC                   | CUSIP: N/A<br>LEI: 2138009WPYMWJN3RVF44       | Long             | EC               | CORP              | JE        |     21154 | NS      | $1006295.78   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Principal Financial Group, Inc.             | Principal Financial Group, Inc.             | CUSIP: 74251V102<br>LEI: CUMYEZJOAF02RYZ1JJ85 | Long             | EC               | CORP              | US        |     40360 | NS      | $3560155.60   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| TransUnion                                  | TransUnion                                  | CUSIP: 89400J107<br>LEI: 549300ZS772LUNUMRB03 | Long             | EC               | CORP              | US        |     35089 | NS      | $3008881.75   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Coinbase Global, Inc.                       | Coinbase Global, Inc.                       | CUSIP: 19260Q107<br>LEI: 5493004G3J2SC154DU06 | Long             | EC               | CORP              | US        |     40910 | NS      | $9251387.40   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Affiliated Managers Group, Inc.             | Affiliated Managers Group, Inc.             | CUSIP: 008252108<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EC               | CORP              | US        |      5149 | NS      | $1484353.72   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corporation, The                | Progressive Corporation, The                | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |    105944 | NS      | $24125567.68  | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinsale Capital Group, Inc.                 | Kinsale Capital Group, Inc.                 | CUSIP: 49714P108<br>LEI: 529900QTUQHNZ6HOA508 | Long             | EC               | CORP              | US        |      4036 | NS      | $1578560.32   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Upstart Holdings, Inc.                      | Upstart Holdings, Inc.                      | CUSIP: 91680M107<br>LEI: 549300WNB47JRNENIC75 | Long             | EC               | CORP              | US        |     15464 | NS      | $676240.72    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Equitable Holdings, Inc.                    | Equitable Holdings, Inc.                    | CUSIP: 29452E101<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EC               | CORP              | US        |     52093 | NS      | $2482231.45   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| International Bancshares Corporation        | International Bancshares Corporation        | CUSIP: 459044103<br>LEI: 549300Y16R531AU8TX77 | Long             | EC               | CORP              | US        |      9466 | NS      | $628921.04    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI Inc.                                   | MSCI Inc.                                   | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |     13170 | NS      | $7556024.10   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| TeraWulf Inc.                               | TeraWulf Inc.                               | CUSIP: 88080T104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     55020 | NS      | $632179.80    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Visa Inc.                                   | Visa Inc.                                   | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |    307965 | NS      | $108006405.20 | 7.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Glacier Bancorp, Inc.                       | Glacier Bancorp, Inc.                       | CUSIP: 37637Q105<br>LEI: 549300SMJAUKZB5D7V74 | Long             | EC               | CORP              | US        |     22033 | NS      | $970553.65    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury General Corporation                 | Mercury General Corporation                 | CUSIP: 589400100<br>LEI: 5493001Q9EXPCEL4W527 | Long             | EC               | CORP              | US        |      4360 | NS      | $410101.60    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Citizens Financial Group, Inc.              | Citizens Financial Group, Inc.              | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |     79694 | NS      | $4654926.54   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corp.                      | Stifel Financial Corp.                      | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |     18420 | NS      | $2306552.40   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Allstate Corporation, The                   | Allstate Corporation, The                   | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |     48004 | NS      | $9992032.60   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Resources, Inc.                    | Franklin Resources, Inc.                    | CUSIP: 354613101<br>LEI: RIFQSET379FOGTEFKS80 | Long             | EC               | CORP              | US        |     51701 | NS      | $1235136.89   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| United Bankshares, Inc.                     | United Bankshares, Inc.                     | CUSIP: 909907107<br>LEI: 5299005O3BAMJ9Z92V62 | Long             | EC               | CORP              | US        |     25288 | NS      | $971059.20    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Everest Group, Ltd.                         | Everest Group, Ltd.                         | CUSIP: N/A<br>LEI: 549300N24XF2VV0B3570       | Long             | EC               | CORP              | BM        |      7699 | NS      | $2612655.65   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| RenaissanceRe Holdings Ltd                  | RenaissanceRe Holdings Ltd                  | CUSIP: N/A<br>LEI: EK6GB9U3U58PDI411C94       | Long             | EC               | CORP              | BM        |      7935 | NS      | $2231004.60   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corporation                | Truist Financial Corporation                | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |    233971 | NS      | $11513712.91  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Cleanspark Inc.                             | Cleanspark Inc.                             | CUSIP: 18452B209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     49409 | NS      | $500019.08    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Prudential Financial, Inc.                  | Prudential Financial, Inc.                  | CUSIP: 744320102<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EC               | CORP              | US        |     63390 | NS      | $7155463.20   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| TFS Financial Corporation                   | TFS Financial Corporation                   | CUSIP: 87240R107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7665 | NS      | $102557.70    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Travelers Companies, Inc. , The             | Travelers Companies, Inc. , The             | CUSIP: 89417E109<br>LEI: 54930005DC1T4GCMYS22 | Long             | EC               | CORP              | US        |     40650 | NS      | $11790939.00  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of New York Mellon Corporation, The    | Bank of New York Mellon Corporation, The    | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |    121849 | NS      | $14145450.41  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Bancshares Incorporated          | Huntington Bancshares Incorporated          | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |    279029 | NS      | $4841147.73   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corporation                 | Bank of America Corporation                 | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |   1211382 | NS      | $66626010.00  | 4.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Owl Capital Inc.                       | Blue Owl Capital Inc.                       | CUSIP: 09581B103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    111643 | NS      | $1667946.42   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated Hermes, Inc.                      | Federated Hermes, Inc.                      | CUSIP: 314211103<br>LEI: R05X5UQ874RGFF7HHD84 | Long             | EC               | CORP              | US        |     14565 | NS      | $758399.55    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| First Horizon Corporation                   | First Horizon Corporation                   | CUSIP: 320517105<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | EC               | CORP              | US        |     90115 | NS      | $2153748.50   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanover Insurance Group Inc, The            | Hanover Insurance Group Inc, The            | CUSIP: 410867105<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | EC               | CORP              | US        |      6146 | NS      | $1123304.42   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Global Management, Inc.              | Apollo Global Management, Inc.              | CUSIP: 03769M106<br>LEI: 54930054P2G7ZJB0KM79 | Long             | EC               | CORP              | US        |     74848 | NS      | $10834996.48  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Galaxy Digital Inc.                         | Galaxy Digital Inc.                         | CUSIP: 36317J209<br>LEI: 9845001C4070E5N07806 | Long             | EC               | CORP              | US        |     33902 | NS      | $758048.72    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Intercontinental Exchange, Inc.             | Intercontinental Exchange, Inc.             | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |    103568 | NS      | $16773873.28  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MarketAxess Holdings Inc.                   | MarketAxess Holdings Inc.                   | CUSIP: 57060D108<br>LEI: 5493002U1CA1XJOVID83 | Long             | EC               | CORP              | US        |      6633 | NS      | $1202231.25   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Cipher Mining Inc.                          | Cipher Mining Inc.                          | CUSIP: 17253J106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     58556 | NS      | $864286.56    | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| Old Republic International Corporation      | Old Republic International Corporation      | CUSIP: 680223104<br>LEI: 549300IV6O2YY2A1KH37 | Long             | EC               | CORP              | US        |     41507 | NS      | $1894379.48   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Selective Insurance Group, Inc.             | Selective Insurance Group, Inc.             | CUSIP: 816300107<br>LEI: 549300R3WGJWLE40R258 | Long             | EC               | CORP              | US        |     11235 | NS      | $940032.45    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Enact Holdings, Inc.                        | Enact Holdings, Inc.                        | CUSIP: 29249E109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5443 | NS      | $215760.52    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| StoneX Group Inc.                           | StoneX Group Inc.                           | CUSIP: 861896108<br>LEI: 549300JUF07L8VF02M60 | Long             | EC               | CORP              | US        |      8298 | NS      | $789388.74    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Bitmine Immersion Technologies, Inc.        | Bitmine Immersion Technologies, Inc.        | CUSIP: 09175A206<br>LEI: 254900TGJJ1D9JNAQT27 | Long             | EC               | CORP              | US        |     51728 | NS      | $1404415.20   | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| MetLife, Inc.                               | MetLife, Inc.                               | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |    100314 | NS      | $7918787.16   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Morningstar, Inc.                           | Morningstar, Inc.                           | CUSIP: 617700109<br>LEI: 529900YGNQPOVAXQ7F29 | Long             | EC               | CORP              | US        |      4649 | NS      | $1010274.19   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Nasdaq, Inc.                                | Nasdaq, Inc.                                | CUSIP: 631103108<br>LEI: 549300L8X1Q78ERXFD06 | Long             | EC               | CORP              | US        |     67463 | NS      | $6552681.19   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Piper Sandler Companies                     | Piper Sandler Companies                     | CUSIP: 724078100<br>LEI: QUQDBTUSOAKFEVMRMF78 | Long             | EC               | CORP              | US        |      2723 | NS      | $925030.33    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Reinsurance Group of America, Incorporated  | Reinsurance Group of America, Incorporated  | CUSIP: 759351604<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EC               | CORP              | US        |     11956 | NS      | $2432567.76   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| M&T Bank Corporation                        | M&T Bank Corporation                        | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               | CORP              | US        |     27794 | NS      | $5599935.12   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Alliance Bancorporation             | Western Alliance Bancorporation             | CUSIP: 957638109<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EC               | CORP              | US        |     20241 | NS      | $1701660.87   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Arch Capital Group Ltd.                     | Arch Capital Group Ltd.                     | CUSIP: N/A<br>LEI: 549300AYR4P8AFKDCE43       | Long             | EC               | CORP              | BM        |     67674 | NS      | $6491290.08   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| PJT Partners Inc.                           | PJT Partners Inc.                           | CUSIP: 69343T107<br>LEI: 549300W3WBEQUBKYTN87 | Long             | EC               | CORP              | US        |      3900 | NS      | $652080.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| RLI Corp.                                   | RLI Corp.                                   | CUSIP: 749607107<br>LEI: 529900AMTJE5ECN9PS55 | Long             | EC               | CORP              | US        |     15442 | NS      | $987979.16    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Valley National Bancorp                     | Valley National Bancorp                     | CUSIP: 919794107<br>LEI: 549300ET52S1UBIB9762 | Long             | EC               | CORP              | US        |     79347 | NS      | $926772.96    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB Financial Corporation                   | UMB Financial Corporation                   | CUSIP: 902788108<br>LEI: 549300MGEH3N3CUCV828 | Long             | EC               | CORP              | US        |     12961 | NS      | $1491033.44   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| AXIS Capital Holdings Limited               | AXIS Capital Holdings Limited               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BM        |     13895 | NS      | $1488015.55   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameriprise Financial, Inc.                  | Ameriprise Financial, Inc.                  | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |     16839 | NS      | $8256835.26   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| CorVel Corporation                          | CorVel Corporation                          | CUSIP: 221006109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5443 | NS      | $368327.81    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Figure Technology Solutions, Inc.           | Figure Technology Solutions, Inc.           | CUSIP: 349381103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5614 | NS      | $229275.76    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Regions Financial Corporation               | Regions Financial Corporation               | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EC               | CORP              | US        |    154625 | NS      | $4190337.50   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| ServisFirst Bancshares, Inc.                | ServisFirst Bancshares, Inc.                | CUSIP: 81768T108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9684 | NS      | $695214.36    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Freedom Holding Corp.                       | Freedom Holding Corp.                       | CUSIP: 356390104<br>LEI: 254900RKI81EPUJ3RW71 | Long             | EC               | CORP              | US        |      3407 | NS      | $414563.76    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Markel Group Inc.                           | Markel Group Inc.                           | CUSIP: 570535104<br>LEI: 549300SCNO12JLWIK605 | Long             | EC               | CORP              | US        |      2163 | NS      | $4649692.95   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| StepStone Group Inc.                        | StepStone Group Inc.                        | CUSIP: 85914M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11602 | NS      | $744500.34    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc.                     | Berkshire Hathaway Inc.                     | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |    333495 | NS      | $167631261.80 | 10.87%            |  |  |  | No            |                  1 | On Loan: No      |
| AON Public Limited Company                  | AON Public Limited Company                  | CUSIP: N/A<br>LEI: 635400FALWQYX5E6QC64       | Long             | EC               | CORP              | IE        |     38916 | NS      | $13732678.08  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                              | Morgan Stanley                              | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |    223699 | NS      | $39713313.01  | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| American Financial Group, Inc.              | American Financial Group, Inc.              | CUSIP: 025932104<br>LEI: 549300AFOM7IVKIU1G39 | Long             | EC               | CORP              | US        |     13122 | NS      | $1793514.96   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Jackson Financial Inc.                      | Jackson Financial Inc.                      | CUSIP: 46817M107<br>LEI: 213800WXW2KG1N4CO374 | Long             | EC               | CORP              | US        |     12777 | NS      | $1362667.05   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Synchrony Financial                         | Synchrony Financial                         | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |     65314 | NS      | $5449147.02   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. Bancorp                                | U.S. Bancorp                                | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |    282129 | NS      | $15054403.44  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Webster Financial Corporation               | Webster Financial Corporation               | CUSIP: 947890109<br>LEI: KMRURHT0VWKYS6Z5KU67 | Long             | EC               | CORP              | US        |     29634 | NS      | $1865163.96   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Wintrust Financial Corporation              | Wintrust Financial Corporation              | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |     11569 | NS      | $1617577.58   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| East West Bancorp, Inc.                     | East West Bancorp, Inc.                     | CUSIP: 27579R104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25041 | NS      | $2814357.99   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| F.N.B. Corporation                          | F.N.B. Corporation                          | CUSIP: 302520101<br>LEI: PCYSKIGYNYFDTBLVZU83 | Long             | EC               | CORP              | US        |     57705 | NS      | $986755.50    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Unum Group                                  | Unum Group                                  | CUSIP: 91529Y106<br>LEI: 549300E32YFDO6TZ8R31 | Long             | EC               | CORP              | US        |     29266 | NS      | $2268115.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Essent Group Ltd.                           | Essent Group Ltd.                           | CUSIP: N/A<br>LEI: 254900QUO860OUT6ZF83       | Long             | EC               | CORP              | BM        |     18157 | NS      | $1180386.57   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| PennyMac Financial Services, Inc.           | PennyMac Financial Services, Inc.           | CUSIP: 70932M107<br>LEI: 549300W1D516HBDEU871 | Long             | EC               | CORP              | US        |      5098 | NS      | $672120.32    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Corporation                    | State Street Corporation                    | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |     50516 | NS      | $6517069.16   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| CNO Financial Group, Inc.                   | CNO Financial Group, Inc.                   | CUSIP: 12621E103<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | EC               | CORP              | US        |     17733 | NS      | $753120.51    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Evercore Inc.                               | Evercore Inc.                               | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |      6725 | NS      | $2288181.25   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc.                             | S&P Global Inc.                             | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |     54896 | NS      | $28688100.64  | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown & Brown, Inc.                         | Brown & Brown, Inc.                         | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |     50448 | NS      | $4020705.60   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank OZK                                    | Bank OZK                                    | CUSIP: 06417N103<br>LEI: 549300VYK2WBD7SST478 | Long             | EC               | CORP              | US        |     18871 | NS      | $868443.42    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Arthur J. Gallagher & Co.                   | Arthur J. Gallagher & Co.                   | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |     46205 | NS      | $11957391.95  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Hut 8 Corp.                                 | Hut 8 Corp.                                 | CUSIP: 44812J104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17036 | NS      | $782633.84    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Popular, Inc.                               | Popular, Inc.                               | CUSIP: 733174700<br>LEI: 5493008CARDZMVQ3LO89 | Long             | EC               | CORP              | PR        |     11745 | NS      | $1462487.40   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Banking System, Inc.               | Columbia Banking System, Inc.               | CUSIP: 197236102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     51206 | NS      | $1431207.70   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| AFLAC Incorporated                          | AFLAC Incorporated                          | CUSIP: 001055102<br>LEI: 549300N0B7DOGLXWPP39 | Long             | EC               | CORP              | US        |     85566 | NS      | $9435362.82   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Interactive Brokers Group, Inc.             | Interactive Brokers Group, Inc.             | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |     80333 | NS      | $5166215.23   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Moelis & Company                            | Moelis & Company                            | CUSIP: 60786M105<br>LEI: 549300891QNU7VTQUR83 | Long             | EC               | CORP              | US        |     13306 | NS      | $914654.44    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-25

**Name of Applicant:** JNL Series Trust

**Signature:** Andrew Tedeschi

**Name of Signer:** Andrew Tedeschi

**Title:** Principal Financial Officer