Amendment to Administrative Fee Waiver Agreement Between JNL Series Trust and Jackson National Asset Management, LLC
Ex. 99.28(h)(3)(viii)
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 the Agreement to change the JNL/Mellon MSCI KLD 400 Social Index Fund name to JNL/Morningstar U.S. Sustainability Index Fund (in connection with an investment strategy change and benchmark change, as approved by the Board), effective April 25, 2022.
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 April 25, 2022, 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 April 25, 2022.
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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 April 25, 2022
(List of Funds)
| Fund | Class A Waiver | Class I Waiver |
| JNL/DFA International Core Equity Fund | None | 0.05% |
| JNL/DFA U.S. Core Equity Fund | None | 0.05% |
| JNL/DFA U.S. Small Cap Fund | None | 0.05% |
| JNL/Mellon Communication Services Sector Fund | None | 0.05% |
| JNL/Mellon Consumer Discretionary Sector fund | None | 0.05% |
| JNL/Mellon Consumer Staples Sector Fund | None | 0.05% |
| JNL/Mellon DowSM Index Fund | None | 0.05% |
| JNL/Mellon Emerging Markets Index Fund | None | 0.05% |
| JNL/Mellon Energy Sector Fund | None | 0.05% |
| JNL/Mellon Financial Sector Fund | None | 0.05% |
| JNL/Mellon Healthcare Sector Fund | None | 0.05% |
| JNL/Mellon Industrials Sector Fund | None | 0.05% |
| JNL/Mellon Information Technology Sector Fund | None | 0.05% |
| JNL/Mellon Materials Sector Fund | None | 0.05% |
| JNL/Morningstar U.S. Sustainability Index Fund | None | 0.05% |
| JNL/Mellon World Index Fund | None | 0.05% |
| JNL/Mellon Nasdaq® 100 Index Fund | None | 0.05% |
| JNL/Mellon Real Estate Sector Fund | None | 0.05% |
| JNL/Mellon Utilities Sector Fund | None | 0.05% |
| JNL/RAFI® Fundamental U.S. Small Cap Fund | None | 0.05% |
| JNL S&P 500 Index Fund | None | 0.06% |
| JNL/Vanguard Growth ETF Allocation Fund | None | 0.12% |
| JNL/Vanguard Moderate ETF Allocation Fund | None | 0.13% |
| JNL/Vanguard Moderate Growth ETF Allocation Fund | None | 0.12% |
A-1
