JNL/T. Rowe Price Balanced Fund

The fund normally invests approximately 65% of its net assets in stocks and 35% of its net assets in fixed income securities, including money market securities, and cash reserves. It may invest up to 35% of its net assets in foreign securities. The fund has significant flexibility to invest in a broad range of equity, fixed income, and alternative asset classes in the U.S. and other markets throughout the world, both developed and emerging.