JNL/Mellon Communication Services Sector Fund I Strategy

The investment seeks to track the performance of the Morningstar® U.S. Communication Services IndexSM to provide total return through capital appreciation and dividend income. The fund invests under normal circumstances at least 80% of its assets (net assets plus the amount of any borrowings made for investment purposes) in the stocks in the index in proportion to their market capitalization weighting in the index. The index measures the performance of U.S. companies that provide communication services using fixed-line networks or those that provide wireless access and services. The fund is non-diversified.