Amendment to Administration Agreement Between Jackson Variable Series Trust and Jackson National Asset Management, LLC
EX. 99.28(h)(1)(viii)
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”) approved the following fund mergers and fund name changes for certain funds, and a new Cayman subsidiary for one fund, as outlined below, effective August 13, 2018 (collectively, the “Fund Changes”):
Fund Mergers
1) JNL Real Asset Fund to merge into the JNL/PIMCO Real Return Fund of JNL Series Trust; and
2) JNL Interest Rate Opportunities Fund to merge into the JNL Conservative Allocation Fund.
Fund Name Changes
1) JNL/PIMCO Credit Income Fund change to JNL/PIMCO Investment Grade Corporate Bond Fund;
2) JNL Tactical ETF Moderate Fund change to JNL iShares Tactical Moderate Fund;
3) JNL Tactical ETF Moderate Growth Fund change to JNL iShares Tactical Moderate Growth Fund; and
4) JNL Tactical ETF Growth Fund change to JNL iShares Tactical Growth Fund;
New Cayman Subsidiary
Fund: JNL/Xxxxx Xxxxx Global Macro Absolute Return Advantage Fund
Cayman subsidiary: JNL/Xxxxx Xxxxx Global Macro Absolute Return Advantage Fund Ltd.
Whereas, the Board approved updates, to Schedule C of the Agreement, for the following name changes, which were previously approved, effective September 25, 2017 (collectively, the “Cayman Related Name Changes”):
Fund: JNL/Xxx Xxx International Gold Fund change to JNL/XxxXxx International Gold Fund
Cayman subsidiary: JNL/Xxx Xxx International Gold Fund Ltd. change to JNL/XxxXxx International Gold Fund Ltd.
Whereas, pursuant to Board approval of the Fund Changes and Cayman Related Name Changes, as outlined above, the Parties have agreed to amend the Agreement, effective August 13, 2018, to update the list of funds to remove the merged funds, and to update the fund names in Schedule A and Schedule B; and to update the list in Schedule C of the Agreement for Cayman subsidiaries.
Now Therefore, in consideration of the mutual covenants herein contained, the Parties hereby agree to amend the Agreement as follows:
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1.
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Schedule A to the Agreement is hereby deleted and replaced in its entirety with Schedule A dated August 13, 2018, attached hereto.
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2.
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Schedule B to the Agreement is hereby deleted and replaced in its entirety with Schedule B dated August 13, 2018, attached hereto.
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3.
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Schedule C to the Agreement is hereby deleted and replaced in its entirety with Schedule C dated August 13, 2018, attached hereto.
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4.
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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.
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5.
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This Amendment may be executed in one or more counterparts, which together shall constitute one document.
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In Witness Whereof, the Administrator and the Trust have caused this Amendment to be executed, effective August 13, 2018.
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Xxxxxxx Variable Series Trust
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Xxxxxxx National Asset Management, LLC
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By:
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/s/ Xxxxxxx X. Xxxxxx
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By:
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/s/ Xxxx X. Xxxxx
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Name:
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Xxxxxxx X. Xxxxxx
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Name:
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Xxxx X. Xxxxx
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Title:
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Assistant Secretary
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Title:
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President and CEO
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Schedule A
Dated August 13, 2018
(List of Funds)
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Funds
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JNL Conservative Allocation Fund
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JNL Moderate Allocation Fund
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JNL Institutional Alt 100 Fund
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JNL iShares Tactical Moderate Fund
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JNL iShares Tactical Moderate Growth Fund
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JNL iShares Tactical Growth Fund
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JNL/American Funds® Global Growth Fund
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JNL/American Funds® Growth Fund
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JNL/AQR Risk Parity Fund
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JNL/BlackRock Global Long Short Credit Fund
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JNL/DFA U.S. Small Cap Fund
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JNL/DoubleLine® Total Return Fund
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JNL/Xxxxx Xxxxx Global Macro Absolute Return Advantage Fund
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JNL/Epoch Global Shareholder Yield Fund
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JNL/FAMCO Flex Core Covered Call Fund
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JNL/Lazard International Strategic Equity Fund
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JNL/Xxxxxxxxx Xxxxxx Currency Fund
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JNL/Xxxxxxxxx Xxxxxx Risk Balanced Commodity Strategy Fund
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JNL/Xxxxxxxx Convertible Arbitrage Fund
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JNL/PIMCO Investment Grade Corporate Bond Fund
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JNL/PPM America Long Short Credit Fund
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JNL/X. Xxxx Price Capital Appreciation Fund
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JNL/The Boston Company Equity Income Fund
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JNL/The London Company Focused U.S. Equity Fund
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JNL/XxxXxx International Gold Fund
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JNL/WCM Focused International Equity Fund
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A-1
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Schedule B
Dated August 13, 2018
Class A Shares and Class I Shares
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Funds
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Assets
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Fee
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JNL Conservative Allocation Fund
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$0 to $3 billion
Assets over $3 billion
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.05%
.045%
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JNL Moderate Allocation Fund
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$0 to $3 billion
Assets over $3 billion
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.05%
.045%
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JNL Institutional Alt 100 Fund
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$0 to $3 billion
Assets over $3 billion
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.05%
.045%
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JNL iShares Tactical Moderate Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL iShares Tactical Moderate Growth Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL iShares Tactical Growth Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/American Funds® Global Growth Fund
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$0 to $3 billion
Assets over $3 billion
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.10%
.09%
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JNL/American Funds® Growth Fund
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$0 to $3 billion
Assets over $3 billion
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.10%
.09%
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JNL/AQR Risk Parity Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/BlackRock Global Long Short Credit Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/DFA U.S. Small Cap Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/DoubleLine® Total Return Fund
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$0 to $3 billion
Assets over $3 billion
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.10%
.08%
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JNL/Xxxxx Xxxxx Global Macro Absolute Return Advantage Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/Epoch Global Shareholder Yield Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/FAMCO Flex Core Covered Call Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/Lazard International Strategic Equity Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/Xxxxxxxxx Xxxxxx Currency Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/Xxxxxxxxx Xxxxxx Risk Balanced Commodity Strategy Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/Xxxxxxxx Convertible Arbitrage Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/PIMCO Investment Grade Corporate Bond Fund
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$0 to $3 billion
Assets over $3 billion
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.10%
.08%
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JNL/PPM America Long Short Credit Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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B-1
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Funds
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Assets
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Fee
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JNL/X. Xxxx Price Capital Appreciation Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/The Boston Company Equity Income Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/The London Company Focused U.S. Equity Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/XxxXxx International Gold Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/WCM Focused International Equity Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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B-2
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Schedule C
Dated August 13, 2018
(List of Adviser’s Administration Agreements with Funds’ Subsidiaries)
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Funds
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Subsidiaries*
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JNL/AQR Risk Parity Fund
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JNL/AQR Risk Parity Fund Ltd.
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JNL/Xxxxx Xxxxx Global Macro Absolute Return Advantage Fund
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JNL/Xxxxx Xxxxx Global Macro Absolute Return Advantage Fund Ltd.
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JNL/Xxxxxxxxx Xxxxxx Risk Balanced Commodity Strategy Fund
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JNL/Xxxxxxxxx Xxxxxx Risk Balanced Commodity Strategy Fund Ltd.
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JNL/XxxXxx International Gold Fund
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JNL/XxxXxx International Gold Fund Ltd.
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* 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.
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C-1
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