Amendment to Master Global Custody Agreement Between the Customer and JPMorgan Chase Bank, N.A.
Ex. 99.28(g)(1)(xxx)
Amendment to
Master Global Custody Agreement Between
the Customer and JPMorgan Chase Bank, N.A.
This Amendment to the Master Global Custody Agreement between the Customer and JPMorgan Chase Bank, N.A. dated August 12, 2009, as amended (the “Agreement”), is by and among JNL Series Trust and JNL Investors Series Trust (each individually a “Trust” and together, the “Trusts”) and JNL Variable Fund LLC (the “Fund”) and JPMorgan Chase Bank, N.A. (the “Custodian”).
Whereas, the Custodian and the Trusts and Fund (the “Parties”) have entered into the Agreement by which the Custodian provides certain custodial services relating to securities and other assets of each Trust and the Fund.
Whereas, the Boards of Trustees of the Trusts and the Board of Managers of the Fund (together, the “Board”) has approved (i) redomiciliation of certain funds (each, formerly, a fund of Xxxxxxx Variable Series Trust or a fund of JNL Variable Fund LLC) each into a new fund of JNL Series Trust (“Redomiciliations/New Funds”), (ii) mergers for certain funds of JNL Series Trust (“Fund Mergers”), and (iii) fund name changes for certain funds of JNL Series Trust (“Fund Name Changes”), as outlined below, effective April 27, 2020:
Redomiciliations/New Funds
Each, formerly, a fund of Xxxxxxx Variable Series Trust:
| 1) | JNL Conservative Allocation Fund; |
| 2) | JNL Moderate Allocation Fund; |
| 3) | JNL iShares Tactical Moderate Fund; |
| 4) | JNL iShares Tactical Moderate Growth Fund; |
| 5) | JNL iShares Tactical Growth Fund; |
| 6) | JNL/Mellon Equity Income Fund; |
| 7) | JNL/American Funds® Global Growth Fund; |
| 8) | JNL/American Funds® Growth Fund; |
| 9) | JNL/PIMCO Investment Grade Credit Bond Fund; |
| 10) | JNL/WCM Focused International Equity Fund. |
Each, formerly, a fund of JNL Variable Fund LLC:
| 1) | JNL/Mellon DowSM Index Fund; |
| 2) | JNL/Mellon Communication Services Sector Fund; |
| 3) | JNL/Mellon Consumer Discretionary Sector Fund; |
| 4) | JNL/Mellon Energy Sector Fund; |
| 5) | JNL/Mellon Financial Sector Fund; |
| 6) | JNL/Mellon Healthcare Sector Fund; and |
| 7) | JNL/Mellon Information Technology Sector Fund. |
Fund Mergers
| 1) | JNL/FPA + DoubleLine® Flexible Allocation Fund; |
| 2) | JNL/Franklin Xxxxxxxxx Global Fund; |
| 3) | JNL/Invesco China-India Fund; |
| 4) | JNL/Mellon S&P 1500 Growth Index Fund; |
| 5) | JNL/Mellon S&P 1500 Value Index Fund; |
| 6) | JNL Institutional Alt 25 Fund; |
| 7) | JNL Institutional Alt 50 Fund; |
| 8) | JNL/Scout Unconstrained Bond Fund; and |
| 9) | JNL/S&P Mid 3 Fund. |
Fund Name Changes
| 1) | JNL/American Funds® Global Bond Fund change to JNL/American Funds® Capital World Bond Fund; |
| 2) | JNL/Franklin Xxxxxxxxx Mutual Shares Fund change to JNL/JPMorgan Growth & Income Fund (in connection with an investment sub-adviser replacement, as approved by the Board, this fund will change custodians and, therefore, this fund will be removed from this Agreement); |
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| 3) | JNL/S&P 4 Fund change to JNL/Xxxxxxx Sachs 4 Fund; |
| 4) | JNL/S&P Competitive Advantage Fund change to JNL/Xxxxxxx Xxxxx Competitive Advantage Fund; |
| 5) | JNL/S&P Dividend Income & Growth Fund change to JNL/Xxxxxxx Sachs Dividend Income & Growth Fund; |
| 6) | JNL/S&P International 5 Fund change to JNL/Xxxxxxx Xxxxx International 5 Fund; |
| 7) | JNL/S&P Intrinsic Value Fund change to JNL/Xxxxxxx Sachs Intrinsic Value Fund; |
| 8) | JNL/S&P Managed Aggressive Growth Fund change to JNL/Xxxxxxx Xxxxx Managed Aggressive Growth Fund; |
| 9) | JNL/S&P Managed Conservative Fund change to JNL/Xxxxxxx Sachs Managed Conservative Fund; |
| 10) | JNL/S&P Managed Growth Fund change to JNL/Xxxxxxx Xxxxx Managed Growth Fund; |
| 11) | JNL/S&P Managed Moderate Fund change to JNL/Xxxxxxx Sachs Managed Moderate Fund; |
| 12) | JNL/S&P Managed Moderate Growth Fund change to JNL/Xxxxxxx Xxxxx Managed Moderate Growth Fund; and |
| 13) | JNL/S&P Total Yield Fund change to JNL/Xxxxxxx Sachs Total Yield Fund. |
Whereas, pursuant to Board approval of the changes, as outlined above, the Parties have agreed to amend the Agreement, including its Schedule A, to remove JNL Variable Fund LLC as a party, effective April 27, 2020; and to amend Schedule A of the Agreement to add each new fund, to remove the merged funds, and to update the names of certain funds, effective April 27, 2020.
Now Therefore, in consideration of the mutual covenants herein contained, the Parties hereby agree to amend the Agreement as follows:
| 1) | JNL Variable Fund LLC is hereby removed as a party to the Agreement, effective April 27, 2020. |
| 2) | Schedule A of the Agreement is hereby deleted and replaced in its entirety with Schedule A dated April 27, 2020, attached hereto. |
| 3) | Except as specifically amended hereby, the Agreement shall remain in full force and effect in accordance with its terms. |
| 4) | Each Trust, the Fund, and the Custodian hereby each represent and warrant to the other that it has full authority to enter into this Amendment upon the terms and conditions hereof and that the individual executing this Amendment on its behalf has the requisite authority to bind the Trusts, the Fund, or the Custodian to this Amendment. |
| 5) | This Amendment may be executed in one or more counterparts, which together shall constitute one document. |
In Witness Whereof, the Parties hereto have caused this Amendment to be executed, effective April 27, 2020.
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JNL Series Trust JNL Variable Fund LLC |
JPMorgan Chase Bank, National Association |
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| By: | /s/ Xxxxxxx X. Xxxxxx | By: | /s/ Xxxx Xxxxxxx | ||
| Name: | Xxxxxxx X. Xxxxxx | Name: | Xxxx Xxxxxxx | ||
| Title: | Assistant Secretary | Title: | Vice President | ||
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Schedule A
List of funds as of April 27, 2020
| JNL Investors Series Trust Funds |
| JNL Government Money Market Fund |
| JNL Securities Lending Collateral Fund |
| JNL Series Trust Funds |
| JNL/American Funds® Balanced Fund |
| JNL/American Funds® Blue Chip Income and Growth Fund |
| JNL/American Funds® Capital Income Builder Fund |
| JNL/American Funds® Capital World Bond Fund |
| JNL/American Funds® Global Growth Fund |
| JNL/American Funds® Global Small Capitalization Fund |
| JNL/American Funds® Growth Fund |
| JNL/American Funds® Growth-Income Fund |
| JNL/American Funds® International Fund |
| JNL/American Funds® New World Fund |
| JNL Aggressive Growth Allocation Fund |
| JNL Conservative Allocation Fund |
| JNL Growth Allocation Fund |
| JNL iShares Tactical Moderate Fund |
| JNL iShares Tactical Moderate Growth Fund |
| JNL iShares Tactical Growth Fund |
| JNL Moderate Allocation Fund |
| JNL Moderate Growth Allocation Fund |
| JNL Multi-Manager Small Cap Growth Fund |
| JNL Multi-Manager Small Cap Value Fund |
| JNL/American Funds® Growth Allocation Fund |
| JNL/American Funds® Moderate Growth Allocation Fund |
| JNL/AQR Large Cap Defensive Style Fund |
| JNL/AQR Managed Futures Strategy Fund |
| JNL/BlackRock Advantage International Fund |
| JNL/BlackRock Global Allocation Fund |
| JNL/BlackRock Global Natural Resources Fund |
| JNL/BlackRock Large Cap Select Growth Fund |
| JNL/First State Global Infrastructure Fund |
| JNL/Franklin Xxxxxxxxx Global Multisector Bond Fund |
| JNL/Franklin Xxxxxxxxx Growth Allocation Fund |
| JNL/Franklin Xxxxxxxxx Income Fund |
| JNL/Franklin Xxxxxxxxx International Small Cap Growth Fund |
| JNL/Xxxxxxx Sachs 4 Fund |
| JNL/Xxxxxxx Xxxxx Competitive Advantage Fund |
| JNL/Xxxxxxx Sachs Dividend Income & Growth Fund |
| JNL/Xxxxxxx Xxxxx International 5 Fund |
| JNL/Xxxxxxx Sachs Intrinsic Value Fund |
| JNL/Xxxxxxx Xxxxx Managed Aggressive Growth Fund |
| JNL/Xxxxxxx Sachs Managed Conservative Fund |
| JNL/Xxxxxxx Xxxxx Managed Growth Fund |
| JNL/Xxxxxxx Sachs Managed Moderate Fund |
| JNL/Xxxxxxx Xxxxx Managed Moderate Growth Fund |
| JNL/Xxxxxxx Sachs Total Yield Fund |
| JNL/Xxxxxxx U.S. Focused Real Estate Fund |
| JNL/Mellon Bond Index Fund |
| JNL/Mellon Communication Services Xxxxxx Xxxx |
| X-0 |
| JNL Series Trust Funds |
| JNL/Mellon Consumer Discretionary Sector Fund |
| JNL/Mellon Consumer Staples Sector Fund |
| JNL/Mellon DowSM Index Fund |
| JNL/Mellon Emerging Markets Index Fund |
| JNL/Mellon Energy Sector Fund |
| JNL/Mellon Equity Income Fund |
| JNL/Mellon Financial Sector Fund |
| JNL/Mellon Healthcare Sector Fund |
| JNL/Mellon Index 0 Xxxx |
| XXX/Xxxxxx Xxxxxxxxxxx Xxxxxx Xxxx |
| XXX/Xxxxxx Information Technology Sector Fund |
| JNL/Mellon International Index Fund |
| JNL/Mellon Materials Sector Fund |
| JNL/Mellon MSCI KLD 400 Social Index Fund |
| JNL/Mellon Real Estate Sector Fund |
| JNL/Mellon S&P 400 MidCap Index Fund |
| JNL/Mellon S&P 500 Index Fund |
| JNL/Mellon Small Cap Index Fund |
| JNL/Mellon Utilities Sector Fund |
| JNL/Morningstar Wide Moat Index Fund |
| JNL S&P 500 Index Fund |
| JNL/PIMCO Income Fund |
| JNL/PIMCO Investment Grade Credit Bond Fund |
| JNL/PIMCO Real Return Fund |
| JNL/WMC Balanced Fund |
| JNL/WMC Government Money Market Fund |
| JNL/WMC Value Fund |
| JNL/WCM Focused International Equity Fund |
| JNL/Vanguard Capital Growth Fund |
| JNL/Vanguard Equity Income Fund |
| JNL/Vanguard Global Bond Market Index Fund |
| JNL/Vanguard Growth ETF Allocation Fund |
| JNL/Vanguard International Fund |
| JNL/Vanguard International Stock Market Index Fund |
| JNL/Vanguard Moderate ETF Allocation Fund |
| JNL/Vanguard Moderate Growth ETF Allocation Fund |
| JNL/Vanguard Small Company Growth Fund |
| JNL/Vanguard U.S. Stock Market Index Fund |
| A-2 |
