Amendment to JNL Series Trust Third Amended and Restated Distribution Agreement
Ex. 99.28(e)(1)(ii)
Amendment to JNL Series Trust
Third 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 Third Amended and Restated Distribution Agreement, effective as of September 13, 2021 (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) three new Funds of the Trust (each, a “New Fund” and collectively, the “New Funds”), (ii) mergers for two Funds of the Trust into other Funds of the Trust (each, a “Merged Fund” and together, the “Merged Funds”), and (iii) fund name changes for four Funds of the Trust (the “Fund Name Changes”), as outlined below, effective April 25, 2022:
New Funds
| 1) | JNL/AB Sustainable Global Thematic Fund; |
| 2) | JNL/Xxxxxxxxx Xxxxxx Gold Plus Strategy Fund; and |
| 3) | JNL/WCM China Quality Growth Fund. |
Merged Funds
| 1) | JNL/BlackRock Advantage International Fund; and |
| 2) | JNL/Franklin Xxxxxxxxx Growth Allocation Fund. |
Fund Name Changes
| 1) | JNL/Franklin Xxxxxxxxx Global Multisector Bond Fund change to JNL/Western Asset Global Multi-Sector Bond Fund (in connection with an investment sub-adviser replacement, as approved by the Board); |
| 2) | JNL/Invesco International Growth Fund change to JNL/Xxxxxxx Xxxxx International Leaders Fund (in connection with an investment sub-adviser replacement, as approved by the Board); |
| 3) | JNL/Mellon Equity Income Fund change to JNL/Xxxxxx Equity Income Fund (to align with the company name of the investment sub-adviser); and |
| 4) | JNL/Mellon MSCI KLD 400 Social Index Fund change to JNL/Morningstar U.S. Sustainability Index Fund (in connection with an investment strategy change and benchmark change, as approved by the Board). |
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 each merged Fund and each merged Fund’s respective 12b-1 fees, and to update the names of certain Funds, 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) | 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 25, 2022.
| 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 Xxxxxxx | By: | /s/ Xxxxxx Xxxx | |
| Xxx Xxxxxxx | Name: | Xxxxxx Xxxx | ||
| Title: | Chief Operating Officer | |||
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Schedule A
Dated April 25, 2022
| Funds | Class |
Maximum 12b-1 Fee 1 |
| JNL Bond Index Fund |
Class I
|
None |
| JNL Emerging Markets Index Fund | Class I |
None
|
| JNL International Index Fund | Class I |
None
|
| JNL Mid Cap Index Fund | Class I |
None
|
| JNL Small Cap Index Fund | Class I |
None
|
| JNL/American Funds® Balanced Fund |
Class A Class I |
0.30% None |
| JNL/American Funds® Bond Fund of America 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/American Funds® Washington Mutual Investors 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 Growth 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 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 |
A-1
| Funds | Class |
Maximum 12b-1 Fee 1 |
| JNL Multi-Manager Small Cap Value Fund |
Class A Class I |
0.30% None |
| JNL/AB Sustainable Global Thematic 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/Xxxxxxx Xxxxxxx International Growth Fund |
Class A Class I |
0.30% None |
| JNL/Xxxxxxx Xxxxxxx U.S. Equity Growth 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/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 International Core Equity 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 Sentier Global Infrastructure Fund |
Class A Class I |
0.30% None |
| JNL/Franklin Xxxxxxxxx Income Fund |
Class A Class I |
0.30% None |
| JNL/Xxxxxxx Sachs 4 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 |
| 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/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 |
A-2
| Funds | Class |
Maximum 12b-1 Fee 1 |
| 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 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 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/JPMorgan U.S. Value 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 Financial Sector Fund |
Class A Class I |
0.30% None |
| JNL/Mellon Healthcare Sector Fund |
Class A Class I |
0.30% None |
| 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 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 |
A-3
| Funds | Class |
Maximum 12b-1 Fee 1 |
| JNL/Mellon Small Cap Index Fund |
Class A Class I |
0.30% None |
| JNL/Mellon U.S. Stock Market Index Fund |
Class A Class I |
0.30% None |
| JNL/Mellon Utilities Sector Fund |
Class A Class I |
0.30% None |
| JNL/Mellon World Index Fund |
Class A Class I |
0.30% None |
| JNL/Morningstar PitchBook Listed Private Equity Index Fund |
Class A Class I |
0.30% None |
| JNL/Morningstar U.S. Sustainability Index 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 Gold Plus Strategy Fund |
Class A Class I |
0.30% None |
| JNL/Xxxxxxxxx Xxxxxx Strategic Income Fund |
Class A Class I |
0.30% None |
| JNL/Xxxxxx Equity 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 Total Return 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 |
| 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/Vanguard Growth ETF Allocation 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 |
A-4
| Funds | Class |
Maximum 00x-0 Xxx 0 |
| XXX/XXX Xxxxx Quality Growth Fund |
Class A Class I |
0.30% None |
| JNL/WCM Focused International Equity Fund |
Class A Class I |
0.30% None |
| JNL/Westchester Capital Event Driven Fund |
Class A Class I |
0.30% None |
| JNL/Western Asset Global Multi-Sector Bond Fund |
Class A Class I |
0.30% None |
| JNL/Xxxxxxx Xxxxx International Leaders Fund |
Class A Class I |
0.30% None |
| JNL/WMC Balanced Fund |
Class A Class I |
0.30% None |
| JNL/WMC Equity Income Fund |
Class A Class I |
0.30% None |
| JNL/WMC Global Real Estate 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 |
1 As a percentage of the average daily net assets attributable to the specified class of shares.
A-5
