Aug. 30, 2024
Supplement Dated August 30, 2024 To The Prospectus Dated April 29, 2024 JNL^® Series Trust Please note that the changes may impact your variable annuity and/or variable life product(s). All changes are effective October 21, 2024.
JNL Multi-Manager Mid Cap Fund
In the section, “Summary Overview of Each Fund,” under “Principal Investment Strategies,” for the JNL Multi-Manager Mid Cap Fund, please delete the “ClearBridge Strategy” in the entirety.
JNL Multi-Manager U.S. Select Equity Fund
In the section, “Summary Overview of Each Fund,” under “Performance,” for the JNL Multi-Manager U.S. Select Equity Fund, after the second paragraph, please add the following:
Effective October 21, 2024, the Fund was combined with the JNL/Baillie Gifford U.S. Equity Growth Fund (“Acquired Fund”), with the Fund as the surviving Fund. The performance shown is the Fund’s historical performance and does not reflect the performance of the Acquired Fund.

Risk/Return Bar Chart and Table.

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Risk/Return Bar Chart and Table.

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Principal investment strategies of the Fund. Summarize how the Fund intends to achieve its investment objectives by identifying the Fund's principal investment strategies (including the type or types of securities in which the Fund invests or will invest principally) and any policy to concentrate in securities of issuers in a particular industry or group of industries.

+ References

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