JNL/American Funds® Global Growth Fund Class I Strategy

The investment seeks long-term growth of capital through exclusive investment in Class 1 shares of the American Funds Insurance Series® - Global Growth FundSM. The fund operates as a "feeder fund" and seeks to achieve its goal by investing all of its assets in Class 1 shares of the master fund. The master fund invests primarily in common stocks of companies around the world that have the potential for growth. As a fund that seeks to invest globally, the master fund will allocate its assets among securities of companies domiciled in various countries, including the United States and countries with emerging markets (but in no fewer than three countries).