SECOND AMENDMENT TO THE DISTRIBUTION AGREEMENT BETWEEN PPM FUNDS AND JACKSON NATIONAL LIFE DISTRIBUTORS LLC
Ex. 99.28(e)(1)(iii)
SECOND AMENDMENT TO
BETWEEN PPM FUNDS AND
XXXXXXX NATIONAL LIFE DISTRIBUTORS LLC
This Amendment is made as of November 20, 2019 (the “Effective Date”) and amends Schedule A to the Distribution Agreement dated February 15, 2018 and amended and restated on September 18, 2019 (the “Agreement”) between
PPM Funds, a Massachusetts business trust (the “Trust”) and Xxxxxxx National Life Distributors LLC (“JNLD”). All terms not otherwise defined herein shall have the same meanings ascribed in the Agreement.
Whereas, the Trust is registered under the Investment Company Act of 1940, as amended (“1940 Act”), as an open-end management
investment company and has established several separate series of shares (each, a “Fund”), with each Fund having its own assets and investment policies;
Whereas, the Trust seeks to appoint JNLD to provide, and JNLD has agreed to provide, certain distribution services to the following
new Funds of the Trust, effective upon execution or, if later, the date that initial capital for such Fund is first provided: 1) PPM Core Fixed Income Fund, and 2) PPM Investment Grade Credit Fund.
Now, therefore, it is hereby agreed as follows:
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1.
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Schedule A to the Agreement shall be deleted and replaced with the Amended and Restated Schedule A attached hereto.
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2.
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Except as expressly amended herein, the Agreement shall continue to be and shall remain in full force and effect in accordance with its terms.
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In Witness Whereof, the parties hereto have caused this Agreement to be signed by their respective officers
thereunto duly authorized and their respective seals to be hereunto affixed, as of the day and year first above written.
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By: /s/ Xxxx Xxxxxxx
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Name: Xxxx Xxxxxxx
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Title: President and Chief Executive Officer
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Xxxxxxx National Life Distributors LLC
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By: /s/ Xxxxx Xxxxx
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Name Xxxxx Xxxxx
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Title: General Counsel
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Amended and Restated
Schedule A
Effective November 20, 2019
List of Funds
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
