Amendment to JNL Series Trust Second Amended and Restated Distribution Agreement
Ex. 99.28(e)(1)(v)
Amendment to JNL Series Trust
Second Amended and Restated Distribution Agreement
This Amendment is made by and between JNL Series Trust, a Massachusetts business trust (the “Trust”), and Xxxxxxx National Life Distributors LLC (“JNLD”), a broker-dealer registered with the U.S. Securities and Exchange Commission and the Financial Industry Regulatory Authority.
Whereas, the Trust and JNLD (the “Parties”) entered into a Second Amended and Restated Distribution Agreement effective as of July 1, 2017, as amended (the “Agreement”), whereby the Trust appointed JNLD as distributor (the “Distributor”) of the shares of the separate funds (the “Funds”) set forth on Schedule A of the Agreement.
Whereas, the Board of Trustees of the Trust (the “Board”) has approved (i) one new Fund of the Trust (“New Fund”), (ii) 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 the Trust (“Redomiciliations/New Funds”), (iii) mergers for certain Funds of the Trust (“Fund Mergers”), and (iv) fund name changes for certain Funds of the Trust (“Fund Name Changes”), as outlined below, effective April 27, 2020:
New Fund
| 1) | JNL/Lord Xxxxxx Short Duration Income Fund. |
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/DFA U.S. Small Cap Fund; |
| 10) | JNL/DoubleLine® Total Return Fund; |
| 11) | JNL/Lazard International Strategic Equity Fund; |
| 12) | JNL/Xxxxxxxxx Xxxxxx Commodity Strategy Fund; |
| 13) | JNL/PIMCO Investment Grade Credit Bond Fund; |
| 14) | JNL/X. Xxxx Price Capital Appreciation Fund; and |
| 15) | JNL/WCM Focused International Equity Fund. |
Each, formerly, a fund of JNL Variable Fund LLC:
| 1) | JNL/Mellon DowSM Index Fund; |
| 2) | JNL/Mellon MSCI World Index Fund; |
| 3) | JNL/Mellon Nasdaq® 100 Index Fund; |
| 4) | JNL/Mellon Communication Services Sector Fund; |
| 5) | JNL/Mellon Consumer Discretionary Sector Fund; |
| 6) | JNL/Mellon Energy Sector Fund; |
| 7) | JNL/Mellon Financial Sector Fund; |
| 8) | JNL/Mellon Healthcare Sector Fund; and |
| 9) | 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/Xxxxxxxxxxx Emerging Markets Innovator Fund; |
| 7) | JNL/PPM America Value Equity Fund; |
| 8) | JNL Institutional Alt 25 Fund; |
| 9) | JNL Institutional Alt 50 Fund; |
| 10) | JNL/Xxxxxxx Sachs Emerging Markets Debt Fund; |
| 11) | JNL/PPM America Mid Cap Value Fund; |
| 12) | JNL/Scout Unconstrained Bond Fund; and |
| 13) | 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/Crescent High Income Fund change to JNL/X. Xxxx Price U.S. High Yield Fund (in connection with an investment sub-adviser replacement, as approved by the Board); |
| 3) | 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); |
| 4) | JNL/Lazard Emerging Markets Fund change to JNL Multi-Manager Emerging Markets Equity Fund (in connection with an investment sub-adviser replacement and transition to a multi-manger fund structure, as approved by the Board); |
| 5) | JNL/X. Xxxx Price Managed Volatility Balanced Fund change to JNL/X. Xxxx Price Balanced Fund; |
| 6) | JNL/Xxxxxxxxxxx Global Growth Fund change to JNL/Invesco Global Growth Fund; |
| 7) | JNL/S&P Competitive Advantage Fund change to JNL/Xxxxxxx Sachs Competitive Advantage Fund; |
| 8) | JNL/S&P Dividend Income & Growth Fund change to JNL/Xxxxxxx Xxxxx Dividend Income & Growth Fund; |
| 9) | JNL/S&P Intrinsic Value Fund change to JNL/Xxxxxxx Sachs Intrinsic Value Fund; |
| 10) | JNL/S&P Total Yield Fund change to JNL/Xxxxxxx Xxxxx Total Yield Fund; |
| 11) | JNL/S&P International 5 Fund change to JNL/Xxxxxxx Sachs International 5 Fund; |
| 12) | JNL/S&P Managed Conservative Fund change to JNL/Xxxxxxx Xxxxx Managed Conservative Fund; |
| 13) | JNL/S&P Managed Moderate Fund change to JNL/Xxxxxxx Sachs Managed Moderate Fund; |
| 14) | JNL/S&P Managed Moderate Growth Fund change to JNL/Xxxxxxx Xxxxx Managed Moderate Growth Fund; |
| 15) | JNL/S&P Managed Growth Fund change to JNL/Xxxxxxx Sachs Managed Growth Fund; |
| 16) | JNL/S&P Managed Aggressive Growth Fund change to JNL/Xxxxxxx Xxxxx Managed Aggressive Growth Fund; and |
| 17) | JNL/S&P 4 Fund change to JNL/Xxxxxxx Sachs 4 Fund. |
Whereas, pursuant to Board approval of the changes, as outlined above, the Parties have agreed to amend Schedule A of the Agreement to add each new Fund and each new Fund’s respective 12b-1 fees, to remove the merged Funds and each merged Fund’s respective 12b-1 fees, and to update the names of certain Funds, effective April 27, 2020.
| - 2 - |
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 27, 2020, attached hereto. |
| 2) | 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. |
| 3) | This Amendment may be executed in one or more counterparts, which together shall constitute one document. |
In Witness Whereof, the Trust and the Distributor have caused this Amendment to be executed, effective April 27, 2020.
| Attest: | JNL Series Trust | ||||
| By: | /s/ Xxxxx X. Xxxxxx | By: | /s/ Xxxxxxx X. Xxxxxx | ||
| Xxxxx X. Xxxxxx | Name: | Xxxxxxx X. Xxxxxx | |||
| Title: | Assistant Secretary | ||||
| Attest: | Xxxxxxx National Life Distributors LLC | ||||
| By: | /s/ Xxx Xxxxxxxx | By: | /s/ Xxxxxx Xxxx | ||
| Name: | Xxxxxx Xxxx | ||||
| Title: | Executive Vice President, Operations | ||||
| - 3 - |
Schedule A
Dated April 27, 2020
| Funds | Class |
Maximum 12b-1 Fee1 |
| JNL/American Funds® Balanced Fund |
Class A Class I |
0.30% None |
| JNL/American Funds® Blue Chip Income and Growth Fund |
Class A Class I |
0.30% None |
| JNL/American Funds® Capital Income Builder Fund |
Class A Class I |
0.30% None |
| JNL/American Funds® Capital World Bond Fund |
Class A Class I |
0.30% None |
| JNL/American Funds® Global Growth Fund |
Class A Class I |
0.30% None |
| JNL/American Funds® Global Small Capitalization Fund |
Class A Class I |
0.30% None |
| JNL/American Funds® Growth Fund |
Class A Class I |
0.30% None |
| JNL/American Funds® Growth-Income Fund |
Class A Class I |
0.30% None |
| JNL/American Funds® International Fund |
Class A Class I |
0.30% None |
| JNL/American Funds® New World Fund |
Class A Class I |
0.30% None |
| JNL Aggressive Growth Allocation Fund |
Class A Class I |
0.30% None |
| JNL Conservative Allocation Fund |
Class A Class I |
0.30% None |
| JNL Growth Allocation Fund |
Class A Class I |
0.30% None |
| JNL iShares Tactical Moderate Fund |
Class A Class I |
0.30% None |
| JNL iShares Tactical Moderate Growth Fund |
Class A Class I |
0.30% None |
| JNL iShares Tactical Growth Fund |
Class A Class I |
0.30% None |
| JNL Moderate Allocation Fund |
Class A Class I |
0.30% None |
| JNL Moderate Growth Allocation Fund |
Class A Class I |
0.30% None |
| JNL Multi-Manager Alternative Fund |
Class A Class I |
0.30% None |
| JNL Multi-Manager Emerging Markets Equity Fund |
Class A Class I |
0.30% None |
| JNL Multi-Manager International Small Cap Fund |
Class A Class I |
0.30% None |
| JNL Multi-Manager Mid Cap Fund |
Class A Class I |
0.30% None |
| JNL Multi-Manager Small Cap Growth Fund |
Class A Class I |
0.30% None |
| JNL Multi-Manager Small Cap Value Fund |
Class A Class I |
0.30% None |
| JNL/American Funds® Growth Allocation Fund |
Class A Class I |
0.30% None |
| JNL/American Funds® Moderate Growth Allocation Fund |
Class A Class I |
0.30% None |
| JNL/AQR Large Cap Defensive Style Fund |
Class A Class I |
0.30% None |
| JNL/AQR Large Cap Relaxed Constraint Equity Fund |
Class A Class I |
0.30% None |
| JNL/AQR Managed Futures Strategy Fund |
Class A Class I |
0.30% None |
| A-1 |
| Funds | Class |
Maximum 12b-1 Fee1 |
| JNL/BlackRock Advantage International Fund |
Class A Class I |
0.30% None |
| JNL/BlackRock Global Allocation Fund |
Class A Class I |
0.30% None |
| JNL/BlackRock Global Natural Resources Fund |
Class A Class I |
0.30% None |
| JNL/BlackRock Large Cap Select Growth Fund |
Class A Class I |
0.30% None |
| JNL/Boston Partners Global Long Short Equity Fund |
Class A Class I |
0.30% None |
| JNL/Causeway International Value Select Fund |
Class A Class I |
0.30% None |
| JNL/ClearBridge Large Cap Growth Fund |
Class A Class I |
0.30% None |
| JNL/DFA Growth Allocation Fund |
Class A Class I |
0.30% None |
| JNL/DFA International Core Equity Fund |
Class A Class I |
0.30% None |
| JNL/DFA Moderate Growth Allocation Fund |
Class A Class I |
0.30% None |
| JNL/DFA U.S. Core Equity Fund |
Class A Class I |
0.30% None |
| JNL/DFA U.S. Small Cap Fund |
Class A Class I |
0.30% None |
| JNL/DoubleLine® Core Fixed Income Fund |
Class A Class I |
0.30% None |
| JNL/DoubleLine® Emerging Markets Fixed Income Fund |
Class A Class I |
0.30% None |
| JNL/DoubleLine® Shiller Enhanced CAPE® Fund |
Class A Class I |
0.30% None |
| JNL/DoubleLine® Total Return Fund |
Class A Class I |
0.30% None |
| JNL/Fidelity Institutional Asset Management® Total Bond Fund |
Class A Class I |
0.30% None |
| JNL/First State Global Infrastructure Fund |
Class A Class I |
0.30% None |
| JNL/Franklin Xxxxxxxxx Global Multisector Bond Fund |
Class A Class I |
0.30% None |
| JNL/Franklin Xxxxxxxxx Growth Allocation Fund |
Class A Class I |
0.30% None |
| JNL/Franklin Xxxxxxxxx Income Fund |
Class A Class I |
0.30% None |
| JNL/Franklin Xxxxxxxxx International Small Cap Fund |
Class A Class I |
0.30% None |
| JNL/Xxxxxxx Sachs 4 Fund |
Class A Class I |
0.30% None |
| JNL/Xxxxxxx Xxxxx Competitive Advantage Fund |
Class A Class I |
0.30% None |
| JNL/Xxxxxxx Sachs Dividend Income & Growth Fund |
Class A Class I |
0.30% None |
| JNL/Xxxxxxx Xxxxx International 5 Fund |
Class A Class I |
0.30% None |
| JNL/Xxxxxxx Sachs Intrinsic Value Fund |
Class A Class I |
0.30% None |
| JNL/Xxxxxxx Xxxxx Managed Aggressive Growth Fund |
Class A Class I |
0.30% None |
| JNL/Xxxxxxx Sachs Managed Conservative Fund |
Class A Class I |
0.30% None |
| JNL/Xxxxxxx Xxxxx Managed Growth Fund |
Class A Class I |
0.30% None |
| A-2 |
| Funds | Class |
Maximum 12b-1 Fee1 |
| JNL/Xxxxxxx Sachs Managed Moderate Fund |
Class A Class I |
0.30% None |
| JNL/Xxxxxxx Xxxxx Managed Moderate Growth Fund |
Class A Class I |
0.30% None |
| JNL/Xxxxxxx Sachs Total Yield Fund |
Class A Class I |
0.30% None |
| JNL/GQG Emerging Markets Equity Fund |
Class A Class I |
0.30% None |
| JNL/Xxxxxx Oakmark Global Equity Fund |
Class A Class I |
0.30% None |
| JNL/Xxxxxxx U.S. Focused Real Estate Fund |
Class A Class I |
0.30% None |
| JNL/Invesco Diversified Dividend Fund |
Class A Class I |
0.30% None |
| JNL/Invesco Global Growth Fund |
Class A Class I |
0.30% None |
| JNL/Invesco Global Real Estate Fund |
Class A Class I |
0.30% None |
| JNL/Invesco International Growth Fund |
Class A Class I |
0.30% None |
| JNL/Invesco Small Cap Growth Fund |
Class A Class I |
0.30% None |
| JNL/JPMorgan Global Allocation Fund |
Class A Class I |
0.30% None |
| JNL/JPMorgan Growth & Income Fund |
Class A Class I |
0.30% None |
| JNL/JPMorgan Hedged Equity Fund |
Class A Class I |
0.30% None |
| JNL/JPMorgan MidCap Growth Fund |
Class A Class I |
0.30% None |
| JNL/JPMorgan U.S. Government & Quality Bond Fund |
Class A Class I |
0.30% None |
| JNL/Lazard International Strategic Equity Fund |
Class A Class I |
0.30% None |
| JNL/Xxxxxx Xxxxxx Global Growth Fund |
Class A Class I |
0.30% None |
| JNL/Lord Xxxxxx Short Duration Income Fund |
Class A Class I |
0.30% None |
| JNL/Mellon Bond Index Fund |
Class A Class I |
0.30% None |
| JNL/Mellon Communication Services Sector Fund |
Class A Class I |
0.30% None |
| JNL/Mellon Consumer Discretionary Sector Fund |
Class A Class I |
0.30% None |
| JNL/Mellon Consumer Staples Sector Fund |
Class A Class I |
0.30% None |
| JNL/Mellon DowSM Index Fund |
Class A Class I |
0.30% None |
| JNL/Mellon Emerging Markets Index Fund |
Class A Class I |
0.30% None |
| JNL/Mellon Energy Sector Fund |
Class A Class I |
0.30% None |
| JNL/Mellon Equity Income Fund |
Class A Class I |
0.30% None |
| JNL/Mellon Financial Sector Fund |
Class A Class I |
0.30% None |
| JNL/Mellon Healthcare Sector Fund |
Class A Class I |
0.30% None |
| JNL/Mellon Index 5 Fund |
Class A Class I |
0.30% None |
| A-3 |
| Funds | Class |
Maximum 12b-1 Fee1 |
| JNL/Mellon Industrials Sector Fund |
Class A Class I |
0.30% None |
| JNL/Mellon Information Technology Sector Fund |
Class A Class I |
0.30% None |
| JNL/Mellon International Index Fund |
Class A Class I |
0.30% None |
| JNL/Mellon Materials Sector Fund |
Class A Class I |
0.30% None |
| JNL/Mellon MSCI KLD 400 Social Index Fund |
Class A Class I |
0.30% None |
| JNL/Mellon MSCI World Index Fund |
Class A Class I |
0.30% None |
| JNL/Mellon Nasdaq® 100 Index Fund |
Class A Class I |
0.30% None |
| JNL/Mellon Real Estate Sector Fund |
Class A Class I |
0.30% None |
| JNL/Mellon S&P 400 MidCap Index Fund |
Class A Class I |
0.30% None |
| JNL/Mellon S&P 500 Index Fund |
Class A Class I |
0.30% None |
| JNL S&P 500 Index Fund |
Class A Class I |
0.30% None |
| JNL/Mellon Small Cap Index Fund |
Class A Class I |
0.30% None |
| JNL/Mellon Utilities Sector Fund |
Class A Class I |
0.30% None |
| JNL/Morningstar Wide Moat Index Fund |
Class A Class I |
0.30% None |
| JNL/MFS Mid Cap Value Fund |
Class A Class I |
0.30% None |
| JNL/Xxxxxxxxx Xxxxxx Commodity Strategy Fund |
Class A Class I |
0.30% None |
| JNL/Xxxxxxxxx Xxxxxx Strategic Income Fund |
Class A Class I |
0.30% None |
| JNL/PIMCO Income Fund |
Class A Class I |
0.30% None |
| JNL/PIMCO Investment Grade Credit Bond Fund |
Class A Class I |
0.30% None |
| JNL/PIMCO Real Return Fund |
Class A Class I |
0.30% None |
| JNL/PPM America Floating Rate Income Fund |
Class A Class I |
0.30% None |
| JNL/PPM America High Yield Bond Fund |
Class A Class I |
0.30% None |
| JNL/PPM America Small Cap Value Fund |
Class A Class I |
0.30% None |
| JNL/PPM America Total Return Fund |
Class A Class I |
0.30% None |
| JNL/RAFI® Fundamental Asia Developed Fund |
Class A Class I |
0.30% None |
| JNL/RAFI® Fundamental Europe Fund |
Class A Class I |
0.30% None |
| JNL/RAFI® Fundamental U.S. Small Cap Fund |
Class A Class I |
0.30% None |
| JNL/RAFI® Multi-Factor U.S. Equity Fund |
Class A Class I |
0.30% None |
| JNL/X. Xxxx Price Balanced Fund |
Class A Class I |
0.30% None |
| JNL/X. Xxxx Price Capital Appreciation Fund |
Class A Class I |
0.30% None |
| A-4 |
| Funds | Class |
Maximum 12b-1 Fee1 |
| JNL/X. Xxxx Price Established Growth Fund |
Class A Class I |
0.30% None |
| JNL/X. Xxxx Price Mid-Cap Growth Fund |
Class A Class I |
0.30% None |
| JNL/X. Xxxx Price Short-Term Bond Fund |
Class A Class I |
0.30% None |
| JNL/X. Xxxx Price U.S. High Yield Fund |
Class A Class I |
0.30% None |
| JNL/X. Xxxx Price Value Fund |
Class A Class I |
0.30% None |
| JNL/Westchester Capital Event Driven Fund |
Class A Class I |
0.30% None |
| JNL/WCM Focused International Equity Fund |
Class A Class I |
0.30% None |
| JNL/WMC Balanced Fund |
Class A Class I |
0.30% None |
| JNL/WMC Government Money Market Fund |
Class A Class I |
0.30% None |
| JNL/WMC Value Fund |
Class A Class I |
0.30% None |
| JNL/Vanguard Capital Growth Fund |
Class A Class I |
0.30% None |
| JNL/Vanguard Equity Income Fund |
Class A Class I |
0.30% None |
| JNL/Vanguard Global Bond Market Index Fund |
Class A Class I |
0.30% None |
| JNL/Vanguard Growth ETF Allocation Fund |
Class A Class I |
0.30% None |
| JNL/Vanguard International Fund |
Class A Class I |
0.30% None |
| JNL/Vanguard International Stock Market Index Fund |
Class A Class I |
0.30% None |
| JNL/Vanguard Moderate ETF Allocation Fund |
Class A Class I |
0.30% None |
| JNL/Vanguard Moderate Growth ETF Allocation Fund |
Class A Class I |
0.30% None |
| JNL/Vanguard Small Company Growth Fund |
Class A Class I |
0.30% None |
| JNL/Vanguard U.S. Stock Market Index Fund |
Class A Class I |
0.30% None |
1 As a percentage of the average daily net assets attributable to the specified class of shares.
| A-5 |
