EX-99.10 12B1 PLAN 8 ex10a_ivdistplan62419.htm

 

Amendment to

 

Jackson Variable Series Trust

 

Amended and Restated Distribution Plan

 

 

This Amendment is made by the Jackson Variable Series Trust, a Massachusetts business trust (the “Trust”), to its Amended and Restated Distribution Plan dated July 1, 2017 (the “Plan”).

 

Whereas, the Plan was adopted by the Trust on behalf of the funds listed on Schedule A to the Plan, in accordance with Rule 12b-1 under the Investment Company Act of 1940, as amended. 

 

Whereas, the Board of Trustees of the Trust (the “Board”) approved the following fund mergers and fund name changes for certain funds, as outlined below, effective June 24, 2019 (collectively, the “Fund Changes”):

 

Fund Mergers

 

1)

JNL/AQR Risk Parity Fund to merge into the JNL/T. Rowe Price Managed Volatility Balanced Fund of JNL Series Trust;

 

2)

JNL/BlackRock Global Long Short Credit Fund to merge into the JNL/Crescent High Income Fund of JNL Series Trust;

 

3)

JNL/Epoch Global Shareholder Yield Fund to merge into the JNL/The Boston Company Equity Income Fund of the Trust, which will be the JNL/Mellon Equity Income Fund, pursuant to the fund name change outlined below; and

 

4)

JNL/PPM America Long Short Credit Fund to merge into the JNL/PPM America High Yield Bond Fund of JNL Series Trust.

 

Fund Name Changes

 

1)

JNL/Neuberger Berman Risk Balanced Commodity Strategy Fund change to JNL/Neuberger Berman Commodity Strategy Fund;

 

2)

JNL/PIMCO Investment Grade Corporate Bond Fund change to JNL/PIMCO Investment Grade Credit Bond Fund; and

 

3)

JNL/The Boston Company Equity Income Fund change to JNL/Mellon Equity Income Fund.

 

Whereas, pursuant to Board approval of the Fund Changes, as outlined above, the Trust has agreed to amend Schedule A of the Plan, effective June 24, 2019, to update the list of funds to remove the merged funds, and to update the fund names.

 

Now Therefore, in consideration of the mutual covenants contained herein and for other good and valuable consideration, the Trust agrees to amend the Plan as follows:

 

1) Schedule A to the Plan is hereby deleted and replaced in its entirety with Schedule A, dated June 24, 2019, attached hereto.

 

2) Except as specifically amended hereby, the Plan shall remain in full force and effect in accordance with its terms.

 

In Witness Whereof, the Trust has caused this Amendment to be executed and effective as of June 24, 2019.

 

  Jackson Variable Series Trust
     
  By: /s/ Kristen K. Leeman
  Name: Kristen K. Leeman
  Title: Assistant Secretary

 

 
 

Schedule A

Dated June 24, 2019

 

 

 

Fund

 

 

Class

 

 

Maximum

12b-1 Fee1

 

 

JNL Conservative Allocation Fund

Class A

Class I

0.30%

None

 

JNL Institutional Alt 100 Fund

Class A

Class I

0.30%

None

 

JNL Moderate Allocation Fund

Class A

Class I

.30%

None

 

JNL iShares Tactical Growth Fund

Class A

Class I

.30%

None

 

JNL iShares Tactical Moderate Fund

Class A

Class I

0.30%

None

 

JNL iShares Tactical Moderate Growth Fund

Class A

Class I

.30%

None

 

JNL/American Funds® Global Growth Fund

Class A

Class I

0.30%

None

 

JNL/American Funds® Growth Fund

Class A

Class I

0.30%

None

 

JNL/DFA U.S. Small Cap Fund

Class A

Class I

0.30%

None

 

JNL/DoubleLine® Total Return Fund

Class A

Class I

0.30%

None

 

JNL/Eaton Vance Global Macro Absolute Return Advantage Fund

Class A

Class I

0.30%

None

 

JNL/FAMCO Flex Core Covered Call Fund

Class A

Class I

0.30%

None

 

JNL/Lazard International Strategic Equity Fund

Class A

Class I

0.30%

None

 

JNL/Mellon Equity Income Fund

Class A

Class I

0.30%

None

 

JNL/Neuberger Berman Currency Fund

Class A

Class I

0.30%

None

 

JNL/Neuberger Berman Commodity Strategy Fund

Class A

Class I

0.30%

None

 

JNL/Nicholas Convertible Arbitrage Fund

Class A

Class I

0.30%

None

 

JNL/PIMCO Investment Grade Credit Bond Fund

Class A

Class I

0.30%

None

 

JNL/T. Rowe Price Capital Appreciation Fund

Class A

Class I

0.30%

None

 

JNL/The London Company Focused U.S. Equity Fund

Class A

Class I

0.30%

None

 

JNL/VanEck International Gold Fund

Class A

Class I

0.30%

None

 

JNL/WCM Focused International Equity 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-1