No. A jump instruction causes the processor to fetch whatever bit pattern is stored in memory at the new address. This might not be part of the program.
Here is another schematic program. The instructions are just sketched in as place holders. Don't pay much attention to them, but look at the jump instruction and its target.
Address Instruction
(details omitted)PC just after this
instruction has executed
(at the bottom of the cycle)............... ........... 00450000 00450000 load 00450004 00450004 load 00450008 00450008 add 0045000C 0045000C store 00450010 00450010 jump 0x00450000 004500__ 00450014 no-op 004500__
The target of the jump instruction is the address
0x00450000
.