Amendment to Administrative Fee Waiver Agreement Between JNL Series Trust and Jackson National Asset Management, LLC
Ex. 99. 28(h)(3)(v)
Amendment to
Administrative Fee Waiver Agreement
Between JNL Series Trust and
Xxxxxxx National Asset Management, LLC
This Amendment is made by and between JNL Series Trust (the “Trust”) on behalf of each of its series of shares (each a “Fund” and collectively, the “Funds”) listed on Schedule A and Xxxxxxx National Asset Management, LLC (the “Administrator”).
Whereas, the Trust and the Administrator (the “Parties”) entered into an Administrative Fee Waiver Agreement dated September 25, 2017 (the “Agreement”), whereby the Administrator agreed to waive, for each Fund listed on Schedule A, a portion of its administrative fee, in the amounts listed on Schedule A, as it may be amended and approved by the Board of Trustees of the Trust (the “Board”) from time to time.
Whereas, the Board has approved, and the Parties have agreed, to amend Schedule A of the Agreement, to add a fee waiver for the JNL/DFA International Core Equity Fund, effective October 14, 2019.
Now Therefore, in consideration of the mutual covenants herein contained, the Parties hereby agree to amend the Agreement as follows:
| 1) | Schedule A to the Agreement is hereby deleted and replaced in its entirety with Schedule A dated October 14, 2019, attached hereto. |
| 2) | Except as specifically amended hereby, the Agreement shall remain in full force and effect in accordance with its terms. |
| 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 Parties have caused this Amendment to be executed, effective as of October 14, 2019.
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Xxxxxxx National Asset Management, LLC |
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| 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 A
Dated October 14, 2019
(List of Funds)
| Fund | Class A Waiver | Class I Waiver |
| JNL/DFA Growth Allocation Fund | None | 0.05% |
| JNL/DFA International Core Equity Fund | None | 0.05% |
| JNL/DFA Moderate Growth Allocation Fund | None | 0.05% |
| JNL/DFA U.S. Core Equity Fund | None | 0.05% |
| JNL/Mellon MSCI KLD 400 Social Index Fund | None | 0.05% |
| JNL/Mellon Utilities Sector Fund | None | 0.05% |
| JNL/Mellon S&P 1500 Growth Index Fund | None | 0.05% |
| JNL/Mellon S&P 1500 Value Index Fund | None | 0.05% |
| JNL/Mellon Consumer Staples Sector Fund | None | 0.05% |
| JNL/Mellon Materials Sector Fund | None | 0.05% |
| JNL/Mellon Industrials Sector Fund | None | 0.05% |
| JNL/Mellon Real Estate Sector Fund | None | 0.05% |
| JNL/RAFI® Fundamental U.S. Small Cap Fund | None | 0.05% |
| XXX/X&X Xxxxxxxxxxxxx 0 Xxxx | Xxxx | 0.05% |
| JNL/S&P Mid 3 Fund | None | 0.05% |
| JNL/Vanguard Moderate ETF Allocation Fund | None | 0.12% |
| JNL/Vanguard Moderate Growth ETF Allocation Fund | None | 0.12% |
| JNL/Vanguard Growth ETF Allocation Fund | None | 0.12% |
A-1
