Amendment to
EX. 99.28(h)(1)(x)
Amendment to
Between Xxxxxxx Variable Series Trust and
Xxxxxxx National Asset Management, LLC
This Amendment is made by and between Xxxxxxx Variable Series Trust, a Massachusetts business trust (the “Trust”), and Xxxxxxx National Asset Management, LLC, a Michigan limited liability company (the “Administrator”).
Whereas, the Trust and the Administrator (the “Parties”) entered into an Administration Agreement effective April 27, 2015, as amended (the “Agreement”), whereby the Administrator agreed to provide certain administrative services to several separate series of the Trust (each a “Fund”), as listed on Schedule A of the Agreement.
Whereas, the Board of Trustees of the Trust (the “Board”) has approved fee changes for certain Funds, as outlined below, effective April 29, 2019 (collectively, the “Fee Changes”):
Fee Changes
| 1) | JNL/American Funds Global Growth Fund; and |
| 2) | JNL/American Funds Growth Fund. |
Whereas, the Board has approved the removal of the following fund, and its Cayman Islands subsidiary from Schedule C of the Agreement, effective April 29, 2019 (the “Cayman Removal”):
Fund: JNL/XxxXxx International Gold Fund
Cayman Islands subsidiary: JNL/XxxXxx International Gold Fund Ltd.
Whereas, pursuant to Board approval of the Fee Changes, and Cayman Removal, as outlined above, the Parties have agreed to amend the Agreement, effective April 29, 2019, to update administration fees for certain funds, as outlined above, in Schedule B; and to remove the fund and Cayman Island subsidiary outlined above, in Schedule C of the Agreement.
Now Therefore, in consideration of the mutual covenants herein contained, the Parties hereby agree to amend the Agreement as follows:
| 1. | Schedule B to the Agreement is hereby deleted and replaced in its entirety with Schedule B dated April 29, 2019, attached hereto. |
| 2. | Schedule C to the Agreement is hereby deleted and replaced in its entirety with Schedule C dated April 29, 2019, attached hereto. |
| 3. | Each of the Parties represents and warrants to the others that it has full authority to enter into this Amendment, upon the terms and conditions hereof, and that the individual executing this Amendment is duly authorized to bind the respective party to this Amendment. |
| 4. | This Amendment may be executed in one or more counterparts, which together shall constitute one document. |
In Witness Whereof, the Administrator and the Trust have caused this Amendment to be executed, effective April 29, 2019.
|
Xxxxxxx Variable Series Trust |
Xxxxxxx National Asset Management, LLC |
||||
| By: | /s/ Xxxxxxx X. Xxxxxx | By: | /s/ Xxxx X. Xxxxx | ||
| Name: | Xxxxxxx X. Xxxxxx | Name: | Xxxx X. Xxxxx | ||
| Title: | Assistant Secretary | Title: | President and CEO | ||
Schedule B
Dated April 29, 2019
Class A Shares and Class I Shares
| Funds | Assets | Fee |
| JNL Conservative Allocation Fund |
$0 to $3 billion Assets over $3 billion |
.05% .045% |
| JNL Moderate Allocation Fund |
$0 to $3 billion Assets over $3 billion |
.05% .045% |
| JNL Institutional Alt 100 Fund |
$0 to $3 billion Assets over $3 billion |
.05% .045% |
| JNL iShares Tactical Moderate Fund |
$0 to $3 billion Assets over $3 billion |
.15% .13% |
| JNL iShares Tactical Moderate Growth Fund |
$0 to $3 billion Assets over $3 billion |
.15% .13% |
| JNL iShares Tactical Growth Fund |
$0 to $3 billion Assets over $3 billion |
.15% .13% |
| JNL/American Funds® Global Growth Fund |
$0 to $3 billion Assets over $3 billion |
.10% .08% |
| JNL/American Funds® Growth Fund |
$0 to $3 billion Assets over $3 billion |
.10% .08% |
| JNL/AQR Risk Parity Fund |
$0 to $3 billion Assets over $3 billion |
.15% .13% |
| JNL/BlackRock Global Long Short Credit Fund |
$0 to $3 billion Assets over $3 billion |
.15% .13% |
| JNL/DFA U.S. Small Cap Fund |
$0 to $3 billion Assets over $3 billion |
.15% .13% |
| JNL/DoubleLine® Total Return Fund |
$0 to $3 billion Assets over $3 billion |
.10% .08% |
| JNL/Xxxxx Xxxxx Global Macro Absolute Return Advantage Fund |
$0 to $3 billion Assets over $3 billion |
.15% .13% |
| JNL/Epoch Global Shareholder Yield Fund |
$0 to $3 billion Assets over $3 billion |
.15% .13% |
| JNL/FAMCO Flex Core Covered Call Fund |
$0 to $3 billion Assets over $3 billion |
.15% .13% |
| JNL/Lazard International Strategic Equity Fund |
$0 to $3 billion Assets over $3 billion |
.15% .13% |
| JNL/Xxxxxxxxx Xxxxxx Currency Fund |
$0 to $3 billion Assets over $3 billion |
.15% .13% |
| JNL/Xxxxxxxxx Xxxxxx Risk Balanced Commodity Strategy Fund |
$0 to $3 billion Assets over $3 billion |
.15% .13% |
| JNL/Xxxxxxxx Convertible Arbitrage Fund |
$0 to $3 billion Assets over $3 billion |
.15% .13% |
| JNL/PIMCO Investment Grade Corporate Bond Fund |
$0 to $3 billion Assets over $3 billion |
.10% .08% |
| JNL/PPM America Long Short Credit Fund |
$0 to $3 billion Assets over $3 billion |
.15% .13% |
| B-1 |
| Funds | Assets | Fee |
| JNL/X. Xxxx Price Capital Appreciation Fund |
$0 to $3 billion Assets over $3 billion |
.15% .13% |
| JNL/The Boston Company Equity Income Fund |
$0 to $3 billion Assets over $3 billion |
.15% .13% |
| JNL/The London Company Focused U.S. Equity Fund |
$0 to $3 billion Assets over $3 billion |
.15% .13% |
| JNL/XxxXxx International Gold Fund |
$0 to $3 billion Assets over $3 billion |
.15% .13% |
| JNL/WCM Focused International Equity Fund |
$0 to $3 billion Assets over $3 billion |
.15% .13% |
| B-2 |
Schedule C
Dated April 29, 2019
(List of Adviser’s Administration Agreements with Funds’ Subsidiaries)
|
Funds
|
Subsidiaries* |
|
JNL/AQR Risk Parity Fund
|
JNL/AQR Risk Parity Fund Ltd. |
|
JNL/Xxxxx Xxxxx Global Macro Absolute Return Advantage Fund
|
JNL/Xxxxx Xxxxx Global Macro Absolute Return Advantage Fund Ltd. |
|
JNL/Xxxxxxxxx Xxxxxx Risk Balanced Commodity Strategy Fund
|
JNL/Xxxxxxxxx Xxxxxx Risk Balanced Commodity Strategy Fund Ltd. |
* The Administrator has entered into an Administration Agreement with each subsidiary, which is wholly owned by the Fund listed opposite its name, pursuant to which the subsidiary is obligated to pay an administration fee to the Administrator in the same amount as set forth in Schedule B for its parent Fund.
| C-1 |
