EX-99.7 DISTR CONTR 6 ex7iv_istagmtamd62419.htm

 

Amendment to Jackson Variable Series Trust

Second Amended and Restated Distribution Agreement

 

 

This Amendment is made by and between Jackson Variable Series Trust, a Massachusetts business trust (the “Trust”), and Jackson 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 on July 1, 2017, as amended (the “Agreement”), whereby the Trust appointed JNLD as distributor (the “Distributor”) of the shares of the Funds, as listed on Schedule A of the Agreement.

 

Whereas, the Board of Trustees of the Trust (the “Board”) has approved 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, the Parties have agreed to amend the Agreement, effective June 24, 2019, to update the list of funds to remove the merged funds, and to update the fund names in Schedule A.

 

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 June 24, 2019, 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 Parties have caused this Amendment to be executed, effective June 24, 2019.

 

Attest:   Jackson Variable Series Trust  
           
By: /s/ Norma M. Mendez   By: /s/ Kristen K. Leeman  
  Norma M. Mendez   Name: Kristen K. Leeman  
      Title: Assistant Secretary  
       
Attest:   Jackson National Life Distributors LLC  
           
By: /s/ Jennifer Ferguson   By: /s/ Alison Reed  
  Jennifer Ferguson   Name: Alison Reed  
      Title: EVP JNLD Operations  

 

  -2-
 

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

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/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

 

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1 As a percentage of the average daily net assets attributable to the specified class of shares.

 

  A-1