Amendment to Jackson Variable Series Trust Second Amended and Restated Distribution Agreement
EX 99.28(e)(1)(ii)
Amendment to Xxxxxxx Variable Series Trust
Second Amended and Restated Distribution Agreement
This Amendment is made by and between Xxxxxxx Variable Series Trust, a Massachusetts business trust (the “Trust”), and Xxxxxxx National Life Distributors LLC (“JNLD”), a broker-dealer registered with the U.S. Securities and Exchange Commission and the Financial Industry Regulatory Authority.
Whereas, the Trust and JNLD entered into a Second Amended and Restated Distribution Agreement on July 1, 2017 (the “Agreement”), whereby the Trust appointed JNLD as distributor (the “Distributor”) of the shares of the Funds set forth on Schedule A of the Agreement.
Whereas, the Board of Trustees of the Trust has approved the following changes (collectively, the “Changes”), effective September 25, 2017:
| 1) |
An increase in the 12b-1 fee payable by each fund, for Class A, from 0.20% to 0.30%.
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| 2) |
The addition of Class I shares for all funds.
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| 3) |
The adoption of a 12b-1 fee for the following fund of funds for Class A shares:
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JNAM Guidance – Interest Rate Opportunities Fund;
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JNAM Guidance – Conservative Fund;
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JNAM Guidance – Moderate Fund;
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JNAM Guidance – Alt 100 Fund; and
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JNAM Guidance – Real Assets Fund.
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| 4) |
Fund name changes for the following funds:
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JNL/DFA U.S. Micro Cap Fund to the JNL/DFA U.S. Small Cap Fund;
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JNAM Guidance – Alt 100 Fund to the JNL Institutional Alt 100 Fund;
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JNAM Guidance – Interest Rate Opportunities Fund to the JNL Interest Rate Opportunities Fund;
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JNAM Guidance – Real Assets Fund to the JNL Real Assets Fund;
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JNAM Guidance – Conservative Fund to the JNL Conservative Allocation Fund;
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JNAM Guidance – Moderate Fund to the JNL Moderate Allocation Fund;
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JNL Tactical ETF Conservative Fund to the JNL Tactical ETF Moderate Fund;
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JNL Tactical ETF Moderate Fund to the JNL Tactical ETF Moderate Growth Fund; and
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JNL/Xxx Xxx International Gold Fund to the JNL/XxxXxx International Gold Fund.
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| 5) |
Fund mergers for the following funds:
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JNAM Guidance – Fixed Income 100 Fund into the
JNAM Guidance – Conservative Fund;
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JNAM Guidance – Equity 100 Fund into the
JNL Disciplined Growth Fund of JNL Series Trust;
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JNAM Guidance – Moderate Growth Fund into the
JNL Disciplined Moderate Fund of JNL Series Trust;
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JNAM Guidance – Growth Fund into the
JNL Disciplined Moderate Growth Fund of JNL Series Trust; and
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JNAM Guidance – Maximum Growth Fund into the
JNL Disciplined Growth Fund of JNL Series Trust.
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Whereas, pursuant to the approval of the Changes, as outlined above, the parties have agreed to amend Schedule A of the Agreement, effective September 25, 2017, to:
| 1) |
Update the 12b-1 fee payable by each fund, for Class A, from 0.20% to 0.30%.
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| 2) |
Add Class I references for all funds.
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| 3) |
Add Class A references for the fund of funds outlined above.
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| 4) |
Update the fund names for the fund name changes outlined above.
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| 5) |
Remove the following funds and each fund’s respective fees:
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JNAM Guidance – Fixed Income 100 Fund;
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JNAM Guidance – Equity 100 Fund;
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JNAM Guidance – Moderate Growth Fund;
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JNAM Guidance – Growth Fund; and
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JNAM Guidance – Maximum Growth Fund.
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Now Therefore, in consideration of the mutual covenants contained herein and for other good and valuable consideration, the Trust and JNLD each agrees to amend the Agreement as follows:
| 1. |
Schedule A to the Agreement is hereby deleted and replaced in its entirety with Schedule A attached hereto.
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| 2. |
Except as specifically amended hereby, the Agreement shall remain in full force and effect in accordance with its terms.
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In Witness Whereof, the Trust and the Distributor have caused this Amendment to be executed and effective as of September 25, 2017.
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Attest:
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Xxxxxxx Variable Series Trust
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By:
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/s/ Xxxxxxx X. Xxxxxx
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By:
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/s/ Xxxxx X. Xxxxxxx
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Xxxxxxx X. Xxxxxx
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Name:
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Xxxxx X. Xxxxxxx
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Title:
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Assistant Secretary
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Attest:
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Xxxxxxx National Life Distributors LLC
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By:
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/s/ Xxxxx Xxxxxx
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By:
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/s/ Xxxxxx Xxxx
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Xxxxx Xxxxxx
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Name:
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Xxxxxx Xxxx
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Title:
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EVP JNLD Operations
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Page 2 OF 2
Schedule A
Dated September 25, 2017
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Fund
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Class
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Maximum
12b-1 Fee1
|
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JNL Conservative Allocation Fund
|
Class A
Class I
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0.30%
None
|
|
JNL Institutional Alt 100 Fund
|
Class A
Class I
|
0.30%
None
|
|
JNL Interest Rate Opportunities Fund
|
Class A
Class I
|
0.30%
None
|
|
JNL Moderate Allocation Fund
|
Class A
Class I
|
0.30%
None
|
|
JNL Real Assets Fund
|
Class A
Class I
|
0.30%
None
|
|
JNL Tactical ETF Growth Fund
|
Class A
Class I
|
0.30%
None
|
|
JNL Tactical ETF Moderate Fund
|
Class A
Class I
|
0.30%
None
|
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JNL Tactical ETF Moderate Growth Fund
|
Class A
Class I
|
0.30%
None
|
|
JNL/American Funds® Global Growth Fund
|
Class A
Class I
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0.30%
None
|
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JNL/American Funds® Growth Fund
|
Class A
Class I
|
0.30%
None
|
|
JNL/AQR Risk Parity Fund
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Class A
Class I
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0.30%
None
|
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JNL/BlackRock Global Long Short Credit Fund
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Class A
Class I
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0.30%
None
|
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JNL/DFA U.S. Small Cap Fund
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Class A
Class I
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0.30%
None
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JNL/DoubleLine® Total Return Fund
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Class A
Class I
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0.30%
None
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JNL/Xxxxx Xxxxx Global Macro Absolute Return Advantage Fund
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Class A
Class I
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0.30%
None
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JNL/Epoch Global Shareholder Yield Fund
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Class A
Class I
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0.30%
None
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JNL/FAMCO Flex Core Covered Call Fund
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Class A
Class I
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0.30%
None
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JNL/Lazard International Strategic Equity Fund
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Class A
Class I
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0.30%
None
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JNL/Xxxxxxxxx Xxxxxx Currency Fund
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Class A
Class I
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0.30%
None
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JNL/Xxxxxxxxx Xxxxxx Risk Balanced Commodity Strategy Fund
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Class A
Class I
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0.30%
None
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JNL/Xxxxxxxx Convertible Arbitrage Fund
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Class A
Class I
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0.30%
None
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JNL/PIMCO Credit Income Fund
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Class A
Class I
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0.30%
None
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JNL/PPM America Long Short Credit Fund
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Class A
Class I
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0.30%
None
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JNL/X. Xxxx Price Capital Appreciation Fund
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Class A
Class I
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0.30%
None
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A-1
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Fund
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Class
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Maximum
12b-1 Fee1
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JNL/The Boston Company Equity Income Fund
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Class A
Class I
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0.30%
None
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JNL/The London Company Focused U.S. Equity Fund
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Class A
Class I
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0.30%
None
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JNL/XxxXxx International Gold Fund
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Class A
Class I
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0.30%
None
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JNL/WCM Focused International Equity Fund
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Class A
Class I
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0.30%
None
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1 As a percentage of the average daily net assets attributable to the specified class of shares.
A-2
