# EDGAR Filing Document

**Accession Number:** 0000933691
**File Stem:** 0000933691-25-001166
**Filing Date:** 2025-8
**Character Count:** 66837
**Document Hash:** 6699c54048ceccec29633c13debf3889
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000933691-25-001166.hdr.sgml**: 20250827

**ACCESSION NUMBER**: 0000933691-25-001166

**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:** 251266037

**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:** 2025-06-30

**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:** $1607979671.07

**Total Liabilities:** $6951476.39

**Net Assets:** $1601028194.68

**Cash Not Reported:** $760913.39

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000218206 | -1.84%               | 5.15%                | 3.52%                |
| Class ID C000218207 | -1.84%               | 5.08%                | 3.50%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $7047624.79              | $-37928228.47                              |
| Month 2  | $5288271.59              | $69623501.49                               |
| Month 3  | $19485782.77             | $32613463.57                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Citigroup Inc.                              | Citigroup Inc.                              | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |    371908 | NS      | $31656808.96  | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Citizens Financial Group, Inc.              | Citizens Financial Group, Inc.              | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |     86140 | NS      | $3854765.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Ally Financial Inc.                         | Ally Financial Inc.                         | CUSIP: 02005N100<br>LEI: 549300JBN1OSM8YNAI90 | Long             | EC               | CORP              | US        |     53082 | NS      | $2067543.90   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CNO Financial Group, Inc.                   | CNO Financial Group, Inc.                   | CUSIP: 12621E103<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | EC               | CORP              | US        |     21075 | NS      | $813073.50    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Banking System, Inc.               | Columbia Banking System, Inc.               | CUSIP: 197236102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     39529 | NS      | $924188.02    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Comerica Incorporated                       | Comerica Incorporated                       | CUSIP: 200340107<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | EC               | CORP              | US        |     26002 | NS      | $1551019.30   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Lazard, Inc.                                | Lazard, Inc.                                | CUSIP: 52110M109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18407 | NS      | $883167.86    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| M&T Bank Corporation                        | M&T Bank Corporation                        | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               | CORP              | US        |     32732 | NS      | $6349680.68   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Corebridge Financial, Inc.                  | Corebridge Financial, Inc.                  | CUSIP: 21871X109<br>LEI: 549300XY1661QCIA7J65 | Long             | EC               | CORP              | US        |     46760 | NS      | $1659980.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Dun & Bradstreet Holdings, Inc.             | Dun & Bradstreet Holdings, Inc.             | CUSIP: 26484T106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     53514 | NS      | $486442.26    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI Inc.                                   | MSCI Inc.                                   | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |     14780 | NS      | $8524217.20   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| MarketAxess Holdings Inc.                   | MarketAxess Holdings Inc.                   | CUSIP: 57060D108<br>LEI: 5493002U1CA1XJOVID83 | Long             | EC               | CORP              | US        |      7516 | NS      | $1678623.44   | 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        |     27129 | NS      | $2739486.42   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Enact Holdings, Inc.                        | Enact Holdings, Inc.                        | CUSIP: 29249E109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5164 | NS      | $191842.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MasterCard Incorporated                     | MasterCard Incorporated                     | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |    161942 | NS      | $91001687.48  | 5.68%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife, Inc.                               | MetLife, Inc.                               | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |    112910 | NS      | $9080222.20   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Equitable Holdings, Inc.                    | Equitable Holdings, Inc.                    | CUSIP: 29452E101<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EC               | CORP              | US        |     61104 | NS      | $3427934.40   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Erie Indemnity Company                      | Erie Indemnity Company                      | CUSIP: 29530P102<br>LEI: 549300WA5KP94KRUFZ80 | Long             | EC               | CORP              | US        |      4978 | NS      | $1726320.62   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Evercore Inc.                               | Evercore Inc.                               | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |      7389 | NS      | $1995177.78   | 0.12%             |  |  |  | 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        |      3880 | NS      | $124082.40    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Financial, Inc.           | Fidelity National Financial, Inc.           | CUSIP: 31620R303<br>LEI: 549300CAZYIH39SYQ287 | Long             | EC               | CORP              | US        |     50992 | NS      | $2858611.52   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Financial Corporation        | First American Financial Corporation        | CUSIP: 31847R102<br>LEI: 549300B6VEZK3N0A1P55 | Long             | EC               | CORP              | US        |     20198 | NS      | $1239955.22   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| First Citizens BancShares, Inc.             | First Citizens BancShares, Inc.             | CUSIP: 31946M103<br>LEI: 549300N3Z00ZHE2XC526 | Long             | EC               | CORP              | US        |      2029 | NS      | $3969677.63   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| First Financial Bankshares, Inc.            | First Financial Bankshares, Inc.            | CUSIP: 32020R109<br>LEI: 549300XN3GTGOENGNV49 | Long             | EC               | CORP              | US        |     22688 | NS      | $816314.24    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Moelis & Company                            | Moelis & Company                            | CUSIP: 60786M105<br>LEI: 549300891QNU7VTQUR83 | Long             | EC               | CORP              | US        |     13695 | NS      | $853472.40    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Mr. Cooper Group Inc.                       | Mr. Cooper Group Inc.                       | CUSIP: 62482R107<br>LEI: 549300KD8C6DPXYC2M26 | Long             | EC               | CORP              | US        |     11419 | NS      | $1703828.99   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Independence Holdings, LLC                  | Independence Holdings, LLC                  | CUSIP: 68268W103<br>LEI: 549300E3VEW8SMS5XW09 | Long             | EC               | CORP              | US        |     22333 | NS      | $1272981.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| PJT Partners Inc.                           | PJT Partners Inc.                           | CUSIP: 69343T107<br>LEI: 549300W3WBEQUBKYTN87 | Long             | EC               | CORP              | US        |      4172 | NS      | $688421.72    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Palomar Holdings, Inc.                      | Palomar Holdings, Inc.                      | CUSIP: 69753M105<br>LEI: 549300DOI1MUW11BLX74 | Long             | EC               | CORP              | US        |      5070 | NS      | $782047.50    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| PayPal Holdings, Inc.                       | PayPal Holdings, Inc.                       | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |    192910 | NS      | $14337071.20  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Globe Life Inc.                             | Globe Life Inc.                             | CUSIP: 37959E102<br>LEI: 5493001JFHKQOPP6XA71 | Long             | EC               | CORP              | US        |     15286 | NS      | $1899896.94   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Travelers Companies, Inc. , The             | Travelers Companies, Inc. , The             | CUSIP: 89417E109<br>LEI: 54930005DC1T4GCMYS22 | Long             | EC               | CORP              | US        |     45002 | NS      | $12039835.08  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| PennyMac Financial Services, Inc.           | PennyMac Financial Services, Inc.           | CUSIP: 70932M107<br>LEI: 549300W1D516HBDEU871 | Long             | EC               | CORP              | US        |      5453 | NS      | $543336.92    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle Financial Partners, Inc.           | Pinnacle Financial Partners, Inc.           | CUSIP: 72346Q104<br>LEI: 54930098EZ8JMSAZGS24 | Long             | EC               | CORP              | US        |     15276 | NS      | $1686623.16   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| T. Rowe Price Group, Inc.                   | T. Rowe Price Group, Inc.                   | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |     44084 | NS      | $4254106.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Primerica, Inc.                             | Primerica, Inc.                             | CUSIP: 74164M108<br>LEI: 254900621R686KJR7022 | Long             | EC               | CORP              | US        |      6531 | NS      | $1787338.77   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Principal Financial Group, Inc.             | Principal Financial Group, Inc.             | CUSIP: 74251V102<br>LEI: CUMYEZJOAF02RYZ1JJ85 | Long             | EC               | CORP              | US        |     44245 | NS      | $3514380.35   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| The Progressive Corporation                 | The Progressive Corporation                 | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |    115452 | NS      | $30809520.72  | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Prosperity Bancshares, Inc.                 | Prosperity Bancshares, Inc.                 | CUSIP: 743606105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17846 | NS      | $1253503.04   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Prudential Financial, Inc.                  | Prudential Financial, Inc.                  | CUSIP: 744320102<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EC               | CORP              | US        |     70200 | NS      | $7542288.00   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| RLI Corp.                                   | RLI Corp.                                   | CUSIP: 749607107<br>LEI: 529900AMTJE5ECN9PS55 | Long             | EC               | CORP              | US        |     16314 | NS      | $1178197.08   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Regions Financial Corporation               | Regions Financial Corporation               | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EC               | CORP              | US        |    169429 | NS      | $3984970.08   | 0.25%             |  |  |  | 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        |     21049 | NS      | $1431121.51   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc.                             | S&P Global Inc.                             | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |     60806 | NS      | $32062395.74  | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SLM Corporation                             | SLM Corporation                             | CUSIP: 78442P106<br>LEI: 4K8SLPBF5DXXGPW03H93 | Long             | EC               | CORP              | US        |     38736 | NS      | $1270153.44   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ServisFirst Bancshares, Inc.                | ServisFirst Bancshares, Inc.                | CUSIP: 81768T108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10988 | NS      | $851679.88    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. Bancorp                                | U.S. Bancorp                                | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |    306781 | NS      | $13881840.25  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| United Bankshares, Inc.                     | United Bankshares, Inc.                     | CUSIP: 909907107<br>LEI: 5299005O3BAMJ9Z92V62 | Long             | EC               | CORP              | US        |     26741 | NS      | $974174.63    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Valley National Bancorp                     | Valley National Bancorp                     | CUSIP: 919794107<br>LEI: 549300ET52S1UBIB9762 | Long             | EC               | CORP              | US        |     91621 | NS      | $818175.53    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Voya Financial, Inc.                        | Voya Financial, Inc.                        | CUSIP: 929089100<br>LEI: 549300T065Z4KJ686G75 | Long             | EC               | CORP              | US        |     19799 | NS      | $1405729.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| SoFi Technologies, Inc.                     | SoFi Technologies, Inc.                     | CUSIP: 83406F102<br>LEI: 549300SW81JCMVZDDY09 | Long             | EC               | CORP              | US        |    210658 | NS      | $3836082.18   | 0.24%             |  |  |  | No            |                  1 | On Loan: —       |
| White Mountains Insurance Group Ltd         | White Mountains Insurance Group Ltd         | CUSIP: N/A<br>LEI: 549300N3FL068JERBG02       | Long             | EC               | CORP              | BM        |       501 | NS      | $899655.72    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Webster Financial Corporation               | Webster Financial Corporation               | CUSIP: 947890109<br>LEI: KMRURHT0VWKYS6Z5KU67 | Long             | EC               | CORP              | US        |     31050 | NS      | $1695330.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Company                       | Wells Fargo & Company                       | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |    649733 | NS      | $52056607.96  | 3.25%             |  |  |  | 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        |     18784 | NS      | $5757296.00   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Limited                               | Chubb Limited                               | CUSIP: N/A<br>LEI: E0JAN6VLUDI1HITHT809       | Long             | EC               | CORP              | US        |     73618 | NS      | $21328606.96  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Alliance Bancorporation             | Western Alliance Bancorporation             | CUSIP: 957638109<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EC               | CORP              | US        |     21902 | NS      | $1707917.96   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| The Western Union Company                   | The Western Union Company                   | CUSIP: 959802109<br>LEI: 28ID94QU1140NC23S047 | Long             | EC               | CORP              | US        |     64879 | NS      | $546281.18    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Zions Bancorporation, National Association  | Zions Bancorporation, National Association  | CUSIP: 989701107<br>LEI: 8WH0EE09O9V05QJZ3V89 | Long             | EC               | CORP              | US        |     29238 | NS      | $1518621.72   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| AFLAC Incorporated                          | AFLAC Incorporated                          | CUSIP: 001055102<br>LEI: 549300N0B7DOGLXWPP39 | Long             | EC               | CORP              | US        |     97611 | NS      | $10294056.06  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Affiliated Managers Group, Inc.             | Affiliated Managers Group, Inc.             | CUSIP: 008252108<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EC               | CORP              | US        |      5882 | NS      | $1157401.14   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Allstate Corporation, The                   | Allstate Corporation, The                   | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |     52227 | NS      | $10513817.37  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Company                    | American Express Company                    | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |    108808 | NS      | $34707575.84  | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| American Financial Group, Inc.              | American Financial Group, Inc.              | CUSIP: 025932104<br>LEI: 549300AFOM7IVKIU1G39 | Long             | EC               | CORP              | US        |     14495 | NS      | $1829413.95   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group, Inc.          | American International Group, Inc.          | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |    114429 | NS      | $9793978.11   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Associated Banc-Corp                        | Associated Banc-Corp                        | CUSIP: 045487105<br>LEI: 549300N3CIN473IW5094 | Long             | EC               | CORP              | US        |     32026 | NS      | $781114.14    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corporation                 | Bank of America Corporation                 | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |   1350171 | NS      | $63890091.72  | 3.99%             |  |  |  | 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        |    136391 | NS      | $12426584.01  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| W. R. Berkley Corporation                   | W. R. Berkley Corporation                   | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               | CORP              | US        |     56921 | NS      | $4181985.87   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc.                     | Berkshire Hathaway Inc.                     | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |    363396 | NS      | $176526874.90 | 11.03%            |  |  |  | No            |                  1 | On Loan: No      |
| BGC Group, Inc.                             | BGC Group, Inc.                             | CUSIP: 088929104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     71246 | NS      | $728846.58    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown & Brown, Inc.                         | Brown & Brown, Inc.                         | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |     55468 | NS      | $6149737.16   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Cathay General Bancorp                      | Cathay General Bancorp                      | CUSIP: 149150104<br>LEI: 549300K1SLJ8C97H5L68 | Long             | EC               | CORP              | US        |     14086 | NS      | $641335.58    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Cincinnati Financial Corporation            | Cincinnati Financial Corporation            | CUSIP: 172062101<br>LEI: 254900Q4WEDMZBOZ0002 | Long             | EC               | CORP              | US        |     30451 | NS      | $4534762.92   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| First Hawaiian, Inc.                        | First Hawaiian, Inc.                        | CUSIP: 32051X108<br>LEI: 5493002DJSH46F5OLV06 | Long             | EC               | CORP              | US        |     23594 | NS      | $588906.24    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstCash, Inc.                             | FirstCash, Inc.                             | CUSIP: 33768G107<br>LEI: 549300V2X3UU7K0DG350 | Long             | EC               | CORP              | US        |      7581 | NS      | $1024496.34   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Glacier Bancorp, Inc.                       | Glacier Bancorp, Inc.                       | CUSIP: 37637Q105<br>LEI: 549300SMJAUKZB5D7V74 | Long             | EC               | CORP              | US        |     22558 | NS      | $971798.64    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc., The              | Goldman Sachs Group, Inc., The              | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |     61644 | NS      | $43628541.00  | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| HA Sustainable Infrastructure Capital, Inc. | HA Sustainable Infrastructure Capital, Inc. | CUSIP: 41068X100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22596 | NS      | $606928.56    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Commerce Bancshares, Inc.                   | Commerce Bancshares, Inc.                   | CUSIP: 200525103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26573 | NS      | $1652043.41   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CorVel Corporation                          | CorVel Corporation                          | CUSIP: 221006109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5443 | NS      | $559431.54    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Credit Acceptance Corporation               | Credit Acceptance Corporation               | CUSIP: 225310101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1133 | NS      | $577184.19    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Cullen/Frost Bankers, Inc.                  | Cullen/Frost Bankers, Inc.                  | CUSIP: 229899109<br>LEI: 529900V2E9G9AY665O34 | Long             | EC               | CORP              | US        |     12071 | NS      | $1551606.34   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| F.N.B. Corporation                          | F.N.B. Corporation                          | CUSIP: 302520101<br>LEI: PCYSKIGYNYFDTBLVZU83 | Long             | EC               | CORP              | US        |     63798 | NS      | $930174.84    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| FactSet Research Systems Inc.               | FactSet Research Systems Inc.               | CUSIP: 303075105<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | EC               | CORP              | US        |      7531 | NS      | $3368465.68   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated Hermes, Inc.                      | Federated Hermes, Inc.                      | CUSIP: 314211103<br>LEI: R05X5UQ874RGFF7HHD84 | Long             | EC               | CORP              | US        |     16912 | NS      | $749539.84    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Third Bancorp                         | Fifth Third Bancorp                         | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |    131425 | NS      | $5405510.25   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| First Bancorp.                              | First Bancorp.                              | CUSIP: 318672706<br>LEI: 549300QGC3EY3EV0NS72 | Long             | EC               | CORP              | PR        |     30964 | NS      | $644980.12    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| First Horizon Corporation                   | First Horizon Corporation                   | CUSIP: 320517105<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | EC               | CORP              | US        |     94851 | NS      | $2010841.20   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Resources, Inc.                    | Franklin Resources, Inc.                    | CUSIP: 354613101<br>LEI: RIFQSET379FOGTEFKS80 | Long             | EC               | CORP              | US        |     56576 | NS      | $1349337.60   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Freedom Holding Corp.                       | Freedom Holding Corp.                       | CUSIP: 356390104<br>LEI: 254900RKI81EPUJ3RW71 | Long             | EC               | CORP              | US        |      3407 | NS      | $497592.35    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Fulton Financial Corporation                | Fulton Financial Corporation                | CUSIP: 360271100<br>LEI: 5493005QLZ6O1BNC0C11 | Long             | EC               | CORP              | US        |     33900 | NS      | $611556.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Arthur J. Gallagher & Co.                   | Arthur J. Gallagher & Co.                   | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |     50254 | NS      | $16087310.48  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Hamilton Lane Incorporated                  | Hamilton Lane Incorporated                  | CUSIP: 407497106<br>LEI: 5493006OKN3V1NORM833 | Long             | EC               | CORP              | US        |      7766 | NS      | $1103703.92   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Hancock Whitney Corporation                 | Hancock Whitney Corporation                 | CUSIP: 410120109<br>LEI: 549300GRNBWY8HIICT41 | Long             | EC               | CORP              | US        |     16928 | NS      | $971667.20    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanover Insurance Group Inc, The            | Hanover Insurance Group Inc, The            | CUSIP: 410867105<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | EC               | CORP              | US        |      7089 | NS      | $1204208.43   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Hartford Insurance Group, Inc., The         | Hartford Insurance Group, Inc., The         | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |     55867 | NS      | $7087846.29   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Home BancShares, Inc.                       | Home BancShares, Inc.                       | CUSIP: 436893200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     38393 | NS      | $1092664.78   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Houlihan Lokey, Inc.                        | Houlihan Lokey, Inc.                        | CUSIP: 441593100<br>LEI: 549300S3CNGTQ1QZVY46 | Long             | EC               | CORP              | US        |     10398 | NS      | $1871120.10   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Bancshares Incorporated          | Huntington Bancshares Incorporated          | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |    283166 | NS      | $4745856.93   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Interactive Brokers Group, Inc.             | Interactive Brokers Group, Inc.             | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |     84896 | NS      | $4704087.36   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange, Inc.             | Intercontinental Exchange, Inc.             | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |    112887 | NS      | $20711377.89  | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| International Bancshares Corporation        | International Bancshares Corporation        | CUSIP: 459044103<br>LEI: 549300Y16R531AU8TX77 | Long             | EC               | CORP              | US        |     10270 | NS      | $683571.20    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                        | JPMorgan Chase & Co.                        | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |    551821 | NS      | $159978426.10 | 9.99%             |  |  |  | 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        |  10245988 | NS      | $10245987.68  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Jackson Financial Inc.                      | Jackson Financial Inc.                      | CUSIP: 46817M107<br>LEI: 213800WXW2KG1N4CO374 | Long             | EC               | CORP              | US        |     13673 | NS      | $1214025.67   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Jefferies Financial Group Inc.              | Jefferies Financial Group Inc.              | CUSIP: 47233W109<br>LEI: 549300HOF34RGOJ5YL07 | Long             | EC               | CORP              | US        |     32343 | NS      | $1768838.67   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & Co. Inc.                              | KKR & Co. Inc.                              | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               | CORP              | US        |    131345 | NS      | $17472825.35  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Zurich American Corporation                 | Zurich American Corporation                 | CUSIP: 488401100<br>LEI: 549300FNI1JKTRY2PV09 | Long             | EC               | CORP              | US        |     10357 | NS      | $668440.78    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| KeyCorp                                     | KeyCorp                                     | CUSIP: 493267108<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EC               | CORP              | US        |    185985 | NS      | $3239858.70   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinsale Capital Group, Inc.                 | Kinsale Capital Group, Inc.                 | CUSIP: 49714P108<br>LEI: 529900QTUQHNZ6HOA508 | Long             | EC               | CORP              | US        |      4302 | NS      | $2081737.80   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL Financial Holdings Inc.                 | LPL Financial Holdings Inc.                 | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |     15784 | NS      | $5918526.48   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln National Corporation                | Lincoln National Corporation                | CUSIP: 534187109<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | EC               | CORP              | US        |     32354 | NS      | $1119448.40   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Loews Corporation                           | Loews Corporation                           | CUSIP: 540424108<br>LEI: R8V1FN4M5ITGZOG7BS19 | Long             | EC               | CORP              | US        |     34531 | NS      | $3165111.46   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| MGIC Investment Corporation                 | MGIC Investment Corporation                 | CUSIP: 552848103<br>LEI: 254900S8483WM4M98R28 | Long             | EC               | CORP              | US        |     42326 | NS      | $1178355.84   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Mara Holdings, Inc.                         | Mara Holdings, Inc.                         | CUSIP: 565788106<br>LEI: 549300M8ISKPTX2W7F94 | Long             | EC               | CORP              | US        |     67901 | NS      | $1064687.68   | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Markel Group Inc.                           | Markel Group Inc.                           | CUSIP: 570535104<br>LEI: 549300SCNO12JLWIK605 | Long             | EC               | CORP              | US        |      2357 | NS      | $4707777.52   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Marsh & Mclennan Companies, Inc.            | Marsh & Mclennan Companies, Inc.            | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |     97346 | NS      | $21283729.44  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury General Corporation                 | Mercury General Corporation                 | CUSIP: 589400100<br>LEI: 5493001Q9EXPCEL4W527 | Long             | EC               | CORP              | US        |      5033 | NS      | $338922.22    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Moody's Corporation                         | Moody's Corporation                         | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |     30950 | NS      | $15524210.50  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                              | Morgan Stanley                              | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |    245698 | NS      | $34609043.72  | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Morningstar, Inc.                           | Morningstar, Inc.                           | CUSIP: 617700109<br>LEI: 529900YGNQPOVAXQ7F29 | Long             | EC               | CORP              | US        |      4896 | NS      | $1537001.28   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Nasdaq, Inc.                                | Nasdaq, Inc.                                | CUSIP: 631103108<br>LEI: 549300L8X1Q78ERXFD06 | Long             | EC               | CORP              | US        |     76432 | NS      | $6834549.44   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Flagstar Financial, Inc.                    | Flagstar Financial, Inc.                    | CUSIP: 649445400<br>LEI: 529900HVXOTLY61GL030 | Long             | EC               | CORP              | US        |     58152 | NS      | $616411.20    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Trust Corporation                  | Northern Trust Corporation                  | CUSIP: 665859104<br>LEI: 549300GLF98S992BC502 | Long             | EC               | CORP              | US        |     38879 | NS      | $4929468.41   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Old National Bancorp                        | Old National Bancorp                        | CUSIP: 680033107<br>LEI: 549300MMK90CL5KMVX16 | Long             | EC               | CORP              | US        |     57153 | NS      | $1219645.02   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Republic International Corporation      | Old Republic International Corporation      | CUSIP: 680223104<br>LEI: 549300IV6O2YY2A1KH37 | Long             | EC               | CORP              | US        |     46739 | NS      | $1796647.16   | 0.11%             |  |  |  | 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        |     78486 | NS      | $14631360.12  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Piper Sandler Companies                     | Piper Sandler Companies                     | CUSIP: 724078100<br>LEI: QUQDBTUSOAKFEVMRMF78 | Long             | EC               | CORP              | US        |      3042 | NS      | $845493.48    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Popular, Inc.                               | Popular, Inc.                               | CUSIP: 733174700<br>LEI: 5493008CARDZMVQ3LO89 | Long             | EC               | CORP              | PR        |     12169 | NS      | $1341145.49   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Radian Group Inc.                           | Radian Group Inc.                           | CUSIP: 750236101<br>LEI: 54930005OUP720S5U385 | Long             | EC               | CORP              | US        |     29724 | NS      | $1070658.48   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Raymond James Financial, Inc.               | Raymond James Financial, Inc.               | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |     34061 | NS      | $5223935.57   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Reinsurance Group of America, Incorporated  | Reinsurance Group of America, Incorporated  | CUSIP: 759351604<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EC               | CORP              | US        |     12813 | NS      | $2541586.68   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Robinhood Markets, Inc.                     | Robinhood Markets, Inc.                     | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |    144281 | NS      | $13509030.03  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameriprise Financial, Inc.                  | Ameriprise Financial, Inc.                  | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |     18944 | NS      | $10110981.12  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameris Bancorp                              | Ameris Bancorp                              | CUSIP: 03076K108<br>LEI: PBJHNT51T5V6G5UQFV42 | Long             | EC               | CORP              | US        |     13053 | NS      | $844529.10    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Global Management, Inc.              | Apollo Global Management, Inc.              | CUSIP: 03769M106<br>LEI: 54930054P2G7ZJB0KM79 | Long             | EC               | CORP              | US        |     87897 | NS      | $12469947.39  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Ares Management Corporation                 | Ares Management Corporation                 | CUSIP: 03990B101<br>LEI: 529900JUV61FH7B8VW38 | Long             | EC               | CORP              | US        |     39845 | NS      | $6901154.00   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Assurant, Inc.                              | Assurant, Inc.                              | CUSIP: 04621X108<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EC               | CORP              | US        |     10280 | NS      | $2030197.20   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| SEI Investments Company                     | SEI Investments Company                     | CUSIP: 784117103<br>LEI: 5LJTIFADGZ6XH1RVOC11 | Long             | EC               | CORP              | US        |     18405 | NS      | $1653873.30   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corporation, The             | Charles Schwab Corporation, The             | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |    336290 | NS      | $30683129.81  | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Selective Insurance Group, Inc.             | Selective Insurance Group, Inc.             | CUSIP: 816300107<br>LEI: 549300R3WGJWLE40R258 | Long             | EC               | CORP              | US        |     11960 | NS      | $1036334.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Southstate Corporation                      | Southstate Corporation                      | CUSIP: 840441109<br>LEI: 549300JZUANXM0YQ4W53 | Long             | EC               | CORP              | US        |     18806 | NS      | $1730716.18   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Corporation                    | State Street Corporation                    | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |     56914 | NS      | $6052234.76   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| StepStone Group Inc.                        | StepStone Group Inc.                        | CUSIP: 85914M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12459 | NS      | $691474.50    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corp.                      | Stifel Financial Corp.                      | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |     19892 | NS      | $2064391.76   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| StoneX Group Inc.                           | StoneX Group Inc.                           | CUSIP: 861896108<br>LEI: 549300JUF07L8VF02M60 | Long             | EC               | CORP              | US        |      8354 | NS      | $761383.56    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlantic Union Bank                         | Atlantic Union Bank                         | CUSIP: 04911A107<br>LEI: 549300ZTT08EKQRVTR15 | Long             | EC               | CORP              | US        |     24030 | NS      | $751658.40    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Axos Financial, Inc.                        | Axos Financial, Inc.                        | CUSIP: 05465C100<br>LEI: 529900D8M56422GK9O25 | Long             | EC               | CORP              | US        |     10348 | NS      | $786861.92    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Synovus Financial Corp.                     | Synovus Financial Corp.                     | CUSIP: 87161C501<br>LEI: 549300EIUS8UN5JTLE54 | Long             | EC               | CORP              | US        |     28879 | NS      | $1494488.25   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Synchrony Financial                         | Synchrony Financial                         | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |     74837 | NS      | $4994621.38   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| TFS Financial Corporation                   | TFS Financial Corporation                   | CUSIP: 87240R107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11766 | NS      | $152369.70    | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| TPG Inc.                                    | TPG Inc.                                    | CUSIP: 872657101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19460 | NS      | $1020677.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| BOK Financial Corporation                   | BOK Financial Corporation                   | CUSIP: 05561Q201<br>LEI: GRI2NT5QHYW751NMR949 | Long             | EC               | CORP              | US        |      4762 | NS      | $464914.06    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| BancFirst Corporation                       | BancFirst Corporation                       | CUSIP: 05945F103<br>LEI: 549300EJEHGBP4IO2J30 | Long             | EC               | CORP              | US        |      4064 | NS      | $502391.68    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Capital Bancshares, Inc.              | Texas Capital Bancshares, Inc.              | CUSIP: 88224Q107<br>LEI: 549300466Q2SXRX0YM48 | Long             | EC               | CORP              | US        |      7908 | NS      | $627895.20    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Tradeweb Markets Inc.                       | Tradeweb Markets Inc.                       | CUSIP: 892672106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23004 | NS      | $3367785.60   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| TransUnion                                  | TransUnion                                  | CUSIP: 89400J107<br>LEI: 549300ZS772LUNUMRB03 | Long             | EC               | CORP              | US        |     38224 | NS      | $3363712.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corporation                | Truist Financial Corporation                | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |    257454 | NS      | $11067947.46  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB Financial Corporation                   | UMB Financial Corporation                   | CUSIP: 902788108<br>LEI: 549300MGEH3N3CUCV828 | Long             | EC               | CORP              | US        |     13539 | NS      | $1423761.24   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| United Community Banks, Inc.                | United Community Banks, Inc.                | CUSIP: 90984P303<br>LEI: 549300GVW0FV66X3U703 | Long             | EC               | CORP              | US        |     24229 | NS      | $721781.91    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Unum Group                                  | Unum Group                                  | CUSIP: 91529Y106<br>LEI: 549300E32YFDO6TZ8R31 | Long             | EC               | CORP              | US        |     32274 | NS      | $2606448.24   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Upstart Holdings, Inc.                      | Upstart Holdings, Inc.                      | CUSIP: 91680M107<br>LEI: 549300WNB47JRNENIC75 | Long             | EC               | CORP              | US        |     16382 | NS      | $1059587.76   | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Bank OZK                                    | Bank OZK                                    | CUSIP: 06417N103<br>LEI: 549300VYK2WBD7SST478 | Long             | EC               | CORP              | US        |     20451 | NS      | $962424.06    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Inc.                             | Blackstone Inc.                             | CUSIP: 09260D107<br>LEI: 549300D2L6J4NC1QVZ22 | Long             | EC               | CORP              | US        |    144357 | NS      | $21592920.06  | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock, Inc.                             | BlackRock, Inc.                             | CUSIP: 09290D101<br>LEI: 549300LRIF3NWCU26A80 | Long             | EC               | CORP              | US        |     27450 | NS      | $28801912.50  | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Owl Capital Inc.                       | Blue Owl Capital Inc.                       | CUSIP: 09581B103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    113134 | NS      | $2173304.14   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Victory Capital Holdings, Inc.              | Victory Capital Holdings, Inc.              | CUSIP: 92645B103<br>LEI: 549300BN5LH2CIPPHS71 | Long             | EC               | CORP              | US        |      8418 | NS      | $535974.06    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc.                                   | Visa Inc.                                   | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |    340451 | NS      | $120877127.60 | 7.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Wintrust Financial Corporation              | Wintrust Financial Corporation              | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |     12934 | NS      | $1603557.32   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| AON Public Limited Company                  | AON Public Limited Company                  | CUSIP: N/A<br>LEI: 635400FALWQYX5E6QC64       | Long             | EC               | CORP              | IE        |     42798 | NS      | $15268614.48  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc.                              | CME Group Inc.                              | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |     71001 | NS      | $19569295.62  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Bank                                | Cadence Bank                                | CUSIP: 12740C103<br>LEI: Q7C315HKI8VX0SSKBS64 | Long             | EC               | CORP              | US        |     35116 | NS      | $1123009.68   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corporation           | Capital One Financial Corporation           | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |    125383 | NS      | $26676487.08  | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| The Carlyle Group, Inc.                     | The Carlyle Group, Inc.                     | CUSIP: 14316J108<br>LEI: 529900NGGVF94UK6PG95 | Long             | EC               | CORP              | US        |     42472 | NS      | $2183060.80   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Arch Capital Group Ltd.                     | Arch Capital Group Ltd.                     | CUSIP: N/A<br>LEI: 549300AYR4P8AFKDCE43       | Long             | EC               | CORP              | BM        |     73527 | NS      | $6694633.35   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Assured Guaranty Ltd.                       | Assured Guaranty Ltd.                       | CUSIP: N/A<br>LEI: 549300BBOQUJEPH87M14       | Long             | EC               | CORP              | BM        |      9842 | NS      | $857238.20    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| AXIS Capital Holdings Limited               | AXIS Capital Holdings Limited               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BM        |     14498 | NS      | $1505182.36   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Enstar Group Limited                        | Enstar Group Limited                        | CUSIP: N/A<br>LEI: 213800AMAL5QFXVUCN04       | Long             | EC               | CORP              | BM        |      2240 | NS      | $753446.40    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Essent Group Ltd.                           | Essent Group Ltd.                           | CUSIP: N/A<br>LEI: 254900QUO860OUT6ZF83       | Long             | EC               | CORP              | BM        |     18368 | NS      | $1115488.64   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Everest Group, Ltd.                         | Everest Group, Ltd.                         | CUSIP: N/A<br>LEI: 549300N24XF2VV0B3570       | Long             | EC               | CORP              | BM        |      8581 | NS      | $2916252.85   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus Henderson Group PLC                   | Janus Henderson Group PLC                   | CUSIP: N/A<br>LEI: 2138009WPYMWJN3RVF44       | Long             | EC               | CORP              | JE        |     25437 | NS      | $987973.08    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Ltd.                                | Invesco Ltd.                                | CUSIP: N/A<br>LEI: ECPGFXU8A2SHKVVGJI15       | Long             | EC               | CORP              | BM        |     65472 | NS      | $1032493.44   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| RenaissanceRe Holdings Ltd                  | RenaissanceRe Holdings Ltd                  | CUSIP: N/A<br>LEI: EK6GB9U3U58PDI411C94       | Long             | EC               | CORP              | BM        |      8848 | NS      | $2149179.20   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Cohen & Steers, Inc.                        | Cohen & Steers, Inc.                        | CUSIP: 19247A100<br>LEI: 549300XXIA338A0X2K65 | Long             | EC               | CORP              | US        |      5370 | NS      | $404629.50    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Coinbase Global, Inc.                       | Coinbase Global, Inc.                       | CUSIP: 19260Q107<br>LEI: 5493004G3J2SC154DU06 | Long             | EC               | CORP              | US        |     39520 | NS      | $13851364.80  | 0.87%             |  |  |  | No            |                  1 | 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        |    867344 | NS      | $867344.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE                 | FUTURE - CASH SETTLED                       | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DE               | CORP              | US        |        54 | NC      | $401413.42    | 0.03%             |  |  |  | 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