JNL/Mellon Information Technology Sector Fund Class I Strategy

The investment seeks to track the performance of the Morningstar ® U.S. Technology Index SM 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 companies engaged in the design, development, and support of computer operating systems and applications. The fund is non-diversified.