Amendment to Master Custodian Agreement
Ex. 99.28(g)(2)(xvi)
Amendment to Master Custodian Agreement
This Amendment, effective as December 3, 2020, to the Master Custodian Agreement dated as of December 30, 2010, (as amended, restated, supplemented or otherwise modified and in effect from time to time, the “Agreement”) is by and among each management investment company, and each Cayman Islands entity identified on Appendix A attached thereto (each a “Fund” and collectively, the “Funds”), and State Street Bank and Trust Company, a Massachusetts trust company (the “Custodian”).
Whereas, the Custodian and the Funds (the “Parties”) have entered into the Agreement by which the Custodian provides certain custodial services relating to securities and other assets of each Fund.
Whereas, the Fund segregates and separately manages certain of the Fund’s portfolio of assets (each in an account).
Whereas, the Board of Trustees of JNL Investors Series Trust (the “Board”) approved the dissolution of the JNL/PPM America Low Duration Bond Fund, effective December 3, 2020.
Whereas, pursuant to Board approval of the dissolution of the JNL/PPM America Low Duration Bond Fund, the Parties have agreed to amend the Agreement, including its Appendix A, to remove the JNL/PPM America Low Duration Bond Fund as a Portfolio, effective December 3, 2020.
Now, Therefore, in consideration of the promises and mutual covenants herein contained, the Parties hereto agree as follows:
| 1) | Appendix A to the Agreement is hereby deleted and replaced, in its entirety, with Appendix A updated as of December 3, 2020, attached hereto. |
| 2) | Except as specifically amended hereby, all other terms and conditions of the Agreement shall remain in full force and effect. |
| 3) | This Amendment may be executed in several counterparts, each of which shall be deemed to be an original, and all such counterparts taken together shall constitute one and the same instrument. Counterparts may be executed in either original or electronically transmitted form (e.g., faxes or emailed portable document format (PDF) form), and the Parties hereby adopt as original any signatures received via electronically transmitted form. |
[Remainder of page intentionally left blank.]
In Witness Whereof, the Parties hereto have caused this Amendment to be executed by their officers designated below, December 3, 2020.
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JNL Series Trust, and JNL Investors Series Trust, each on behalf of its Portfolios listed on Appendix A hereto
JNL Multi-Manager Alternative Fund (Boston Partners) Ltd. |
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/s/ Xxxxx X. Xxxxxxx |
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| By: | ||
| Name: | Xxxxx X. Xxxxxxx | |
| Title: | Assistant Secretary | |
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PPM Funds, on behalf of its Portfolios listed on Appendix A hereto |
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/s/ Xxxxx X. Xxxxxxx |
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| By: | ||
| Name: | Xxxxx X. Xxxxxxx | |
| Title: | Vice President and Secretary | |
| State Street Bank and Trust Company | ||
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/s/ Xxxxxxx X. Xxxxxxxx |
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| By: | ||
| Name: | Xxxxxxx X. Xxxxxxxx | |
| Title: | Senior Vice President | |
| - 2 - |
Appendix A
to
(Updated as of December 3, 2020)
| Fund: JNL Series Trust, for the following Portfolios |
| JNL Multi-Manager Alternative Fund |
| JNL Multi-Manager Emerging Markets Equity Fund |
| JNL Multi-Manager International Small Cap Fund |
| JNL Multi-Manager Mid Cap Fund |
| JNL/AQR Large Cap Relaxed Constraint Equity Fund |
| JNL/Boston Partners Global Long Short Equity Fund |
| JNL/Causeway International Value Select Fund |
| JNL/ClearBridge Large Cap Growth Fund |
| JNL/DFA Growth Allocation Fund |
| JNL/DFA International Core Equity Fund |
| JNL/DFA Moderate Growth Allocation Fund |
| JNL/DFA U.S. Core Equity Fund |
| JNL/DFA U.S. Small Cap Fund |
| JNL/DoubleLine® Core Fixed Income Fund |
| JNL/DoubleLine® Emerging Markets Fixed Income Fund |
| JNL/DoubleLine® Shiller Enhanced CAPE® Fund |
| JNL/DoubleLine® Total Return Fund |
| JNL/Fidelity Institutional Asset Management® Total Bond Fund |
| JNL/GQG Emerging Markets Equity Fund |
| JNL/Xxxxxx Oakmark Global Equity Fund |
| JNL/Invesco Diversified Dividend Fund |
| JNL/Invesco Global Growth Fund |
| JNL/Invesco Global Real Estate Fund |
| JNL/Invesco International Growth Fund |
| JNL/Invesco Small Cap Growth Fund |
| JNL/JPMorgan Global Allocation Fund |
| JNL/JPMorgan Growth & Income Fund |
| JNL/JPMorgan Hedged Equity Fund |
| JNL/JPMorgan Midcap Growth Fund |
| JNL/JPMorgan U.S. Government & Quality Bond Fund |
| JNL/Lazard International Strategic Equity Fund |
| JNL/Xxxxxx Xxxxxx Global Growth Fund |
| JNL/Lord Xxxxxx Short Duration Income Fund |
| JNL/Mellon MSCI World Index Fund |
| JNL/Mellon Nasdaq® 100 Index Fund |
| JNL/MFS Mid Cap Value Fund |
| JNL/Xxxxxxxxx Xxxxxx Commodity Strategy Fund |
| JNL/Xxxxxxxxx Xxxxxx Strategic Income Fund |
| JNL/PPM America Floating Rate Income Fund |
| JNL/PPM America High Yield Bond Fund |
| JNL/PPM America Small Cap Value Fund |
| JNL/PPM America Total Return Fund |
| JNL/RAFI® Fundamental Asia Developed Fund |
| JNL/RAFI® Fundamental Europe Fund |
| JNL/RAFI® Fundamental U.S. Small Cap Fund |
| JNL/RAFI® Multi-Factor U.S. Equity Fund |
| JNL/X. Xxxx Price Capital Appreciation Fund |
| JNL/X. Xxxx Price Established Growth Fund |
| A-1 |
| JNL/X. Xxxx Price Balanced Fund |
| JNL/X. Xxxx Price Mid-Cap Growth Fund |
| JNL/X. Xxxx Price Short-Term Bond Fund |
| JNL/X. Xxxx Price U.S. High Yield Fund |
| JNL/X. Xxxx Price Value Fund |
| JNL/Westchester Capital Event Driven Fund |
| Fund: JNL Investors Series Trust, for the following Portfolio |
| [Reserved] |
| Fund: PPM Funds, for the following Portfolios |
| PPM Core Fixed Income Fund |
| PPM Core Plus Fixed Income Fund |
| PPM Floating Rate Income Fund |
| PPM High Yield Core Fund |
| PPM Investment Grade Credit Fund |
| PPM Long Short Credit Fund |
| PPM Large Cap Value Fund |
| PPM Mid Cap Value Fund |
| PPM Small Cap Value Fund |
Cayman Islands Entity:
| JNL Multi-Manager Alternative Fund (Boston Partners) Ltd. |
| A-2 |
