EX-99.N 18F-3 PLAN 55 exn1x_multiclassplanamd0917.htm
EX 99.28(n)(1)(x)
Amendment to
JNL Series Trust Multiple Class Plan
 
This Amendment is made by JNL Series Trust, a Massachusetts business trust (the “Trust”), to its Multiple Class Plan (the “Plan”).

Whereas, the Plan was adopted on April 29, 2013, and as amended by the Trust with respect to each of the Trust’s investment portfolios (each a “Fund”) as shown on Schedule A to the Plan, in accordance with Rule 18f-3 under the Investment Company Act of 1940, as amended.

Whereas, the Board of Trustees of the Trust has approved the following changes (collectively, the “Changes”), effective September 25, 2017:

1)
Renaming all existing Class B shares to Class I shares for funds that have Class B shares.

2)
The addition of Class I shares for funds that do not have Class B shares, including all fund of funds.

3)
Fund name changes for the following eight funds:

JNL Disciplined Moderate Fund to the JNL Moderate Growth Allocation Fund;
JNL Disciplined Moderate Growth Fund to the JNL Growth Allocation Fund;
JNL Disciplined Growth Fund to the JNL Aggressive Growth Allocation Fund;
JNL Institutional Alt 20 Fund to the JNL Institutional Alt 25 Fund;
JNL/American Funds Balanced Allocation Fund to the JNL/American Funds Moderate Growth Allocation Fund;
JNL/BlackRock Natural Resources Fund to the JNL/BlackRock Global Natural Resources Fund;
JNL/DFA Moderate Allocation Fund to the JNL/DFA Moderate Growth Allocation Fund; and
JNL/PIMCO Total Return Bond Fund to the JNL/DoubleLine® Core Fixed Income Fund.

4)
The addition of the following twenty-one new funds:

JNL/ClearBridge Large Cap Growth Fund;
JNL/GQG Emerging Markets Equity Fund;
JNL/Invesco Diversified Dividend Fund;
JNL S&P 500 Index Fund;
JNL/Mellon Capital S&P 1500 Growth Index Fund;
JNL/Mellon Capital S&P 1500 Value Index Fund;
JNL/Mellon Capital Consumer Staples Sector Fund;
JNL/Mellon Capital Industrials Sector Fund;
JNL/Mellon Capital Materials Sector Fund;
JNL/Mellon Capital Real Estate Sector Fund;
JNL/PIMCO Income Fund;
JNL/Vanguard Capital Growth Fund;
JNL/Vanguard Equity Income Fund;
JNL/Vanguard Global Bond Market Index Fund;
JNL/Vanguard Growth Allocation Fund.
JNL/Vanguard International Fund;
JNL/Vanguard International Stock Market Index Fund;
JNL/Vanguard Moderate Allocation Fund;
JNL/Vanguard Moderate Growth Allocation Fund;
JNL/Vanguard Small Company Growth Fund; and
JNL/Vanguard U.S. Stock Market Index Fund.

5)
Fund mergers for the following three funds:

JNL Alt 65 Fund into the JNL Institutional Alt 50 Fund;
JNL Institutional Alt 35 Fund into the JNL Institutional Alt 20 Fund; and
JNL/Red Rocks Listed Private Equity Fund into the JNL/Harris Oakmark Global Equity Fund.
 
 
Whereas, pursuant to approval of the Changes, as outlined above, the Trust has agreed to amend the Plan, effective September 25, 2017, to:

1)
Revise Section 1 and Section 3 of the Plan to update the Class B references to Class I.

2)
Rename the Class B share references, in Schedule A, to Class I.

3)
Add Class I share references, to Schedule A, for all funds that currently do not have a Class B.

4)
Add the twenty-one new funds to Schedule A, including Class A references for all new funds, except for the JNL S&P 500 Index Fund; and add Class I references for all new funds.

5)
Update the eight fund names, in Schedule A, for the fund name changes outlined above.

6)
Remove the following three funds, from Schedule A:

JNL Alt 65 Fund;
JNL Institutional Alt 35 Fund; and
JNL/Red Rocks Listed Private Equity Fund.

Now Therefore, the Trust hereby amends the Plan as follows:

1)
Section 1 of the Plan is hereby deleted and replaced in its entirety with the following:

1.          Class Designations.  Each Fund is authorized to issue from time to time the following classes of shares:

        Class A
        Class I

2)
Section 3 of the Plan is hereby deleted and replaced in its entirety with the following:

3.          Class I Shares.  Class I Shares of a Fund will be offered for sale without being subject to a 12b-1 Fee.

3)
Schedule A to the Plan is hereby deleted and replaced in its entirety with Schedule A dated September 25, 2017, attached hereto.

In Witness Whereof, the Trust has caused this Amendment to be executed, effective September 25, 2017.

 
JNL Series Trust
     
 
By:
/s/ Kristen K. Leeman
 
Name:
Kristen K. Leeman
 
Title:
Assistant Secretary
 
-2-
Schedule A
Dated September 25, 2017
Investment Portfolios
 
 
 
Fund
 
 
Class
 
 
JNL/American Funds Balanced Fund
Class A
Class I
 
JNL/American Funds Blue Chip Income and Growth Fund
Class A
Class I
 
JNL/American Funds Global Bond Fund
Class A
Class I
 
JNL/American Funds Global Small Capitalization Fund
Class A
Class I
 
JNL/American Funds Growth-Income Fund
Class A
Class I
 
JNL/American Funds International Fund
Class A
Class I
 
JNL/American Funds New World Fund
Class A
Class I
 
JNL Aggressive Growth Allocation Fund
Class A
Class I
 
JNL Growth Allocation Fund
Class A
Class I
 
JNL Moderate Growth Allocation Fund
Class A
Class I
 
JNL Institutional Alt 25 Fund
Class A
Class I
 
JNL Institutional Alt 50 Fund
Class A
Class I
 
JNL Multi-Manager Alternative Fund
Class A
Class I
 
JNL Multi-Manager Mid Cap Fund
Class A
Class I
 
JNL Multi-Manager Small Cap Growth Fund
Class A
Class I
 
JNL Multi-Manager Small Cap Value Fund
Class A
Class I
 
JNL/AB Dynamic Asset Allocation Fund
Class A
Class I
 
JNL/American Funds Growth Allocation Fund
Class A
Class I
 
JNL/American Funds Moderate Growth Allocation Fund
Class A
Class I
 
JNL/AQR Large Cape Relaxed Constraint Equity Fund
Class A
Class I
 
JNL/AQR Managed Futures Strategy Fund
Class A
Class I
 
JNL/BlackRock Global Allocation Fund
Class A
Class I
 
JNL/BlackRock Global Natural Resources Fund
Class A
Class I
 
JNL/BlackRock Large Cap Select Growth Fund
Class A
Class I
 
 
A-1
 
   
 
Fund
 
  
Class
 
 
JNL/Boston Partners Global Long Short Equity Fund
Class A
Class I
 
JNL/Brookfield Global Infrastructure and MLP Fund
Class A
Class I
 
JNL/Causeway International Value Select Fund
Class A
Class I
 
JNL/ClearBridge Large Cap Growth Fund
Class A
Class I
 
JNL/Crescent High Income Fund
Class A
Class I
 
JNL/DFA Growth Allocation Fund
Class A
Class I
 
JNL/DFA Moderate Growth Allocation Fund
Class A
Class I
 
JNL/DFA U.S. Core Equity Fund
Class A
Class I
 
JNL/DoubleLine® Core Fixed Income Fund
Class A
Class I
 
JNL/DoubleLine® Emerging Markets Fixed Income Fund
Class A
Class I
 
JNL/DoubleLine® Shiller Enhanced CAPE® Fund
Class A
Class I
 
JNL/FPA + DoubleLine Flexible Allocation Fund
Class A
Class I
 
JNL/Franklin Templeton Founding Strategy Fund
Class A
Class I
 
JNL/Franklin Templeton Global Fund
Class A
Class I
 
JNL/Franklin Templeton Global Multisector Bond Fund
Class A
Class I
 
JNL/Franklin Templeton Income Fund
Class A
Class I
 
JNL/Franklin Templeton International Small Cap Growth Fund
Class A
Class I
 
JNL/Franklin Templeton Mutual Shares Fund
Class A
Class I
 
JNL/Goldman Sachs Core Plus Bond Fund
Class A
Class I
 
JNL/Goldman Sachs Emerging Markets Debt Fund
Class A
Class I
 
JNL/GQG Emerging Markets Equity Fund
Class A
Class I
 
JNL/Harris Oakmark Global Equity Fund
Class A
Class I
 
JNL/Invesco China-India Fund
Class A
Class I
 
JNL/Invesco Diversified Dividend Fund
Class A
Class I
 
JNL/Invesco Global Real Estate Fund
Class A
Class I
 
JNL/Invesco International Growth Fund
Class A
Class I
 
JNL/Invesco Mid Cap Value Fund
Class A
Class I
 
 
A-2
 
   
 
Fund
 
Class 
 
 
JNL/Invesco Small Cap Growth Fund
Class A
Class I
 
JNL/JPMorgan MidCap Growth Fund
Class A
Class I
 
JNL/JPMorgan U.S. Government & Quality Bond Fund
Class A
Class I
 
JNL/Lazard Emerging Markets Fund
Class A
Class I
 
JNL/Mellon Capital 10 x 10 Fund
Class A
Class I
 
JNL/Mellon Capital Bond Index Fund
Class A
Class I
 
JNL/Mellon Capital Consumer Staples Sector Fund
Class A
Class I
 
JNL/Mellon Capital Emerging Markets Index Fund
Class A
Class I
 
JNL/Mellon Capital European 30 Fund
Class A
Class I
 
JNL/Mellon Capital Index 5 Fund
Class A
Class I
 
JNL/Mellon Capital Industrials Sector Fund
Class A
Class I
 
JNL/Mellon Capital International Index Fund
Class A
Class I
 
JNL/Mellon Capital Materials Sector Fund
Class A
Class I
 
JNL/Mellon Capital MSCI KLD 400 Social Index Fund
Class A
Class I
 
JNL/Mellon Capital Pacific Rim 30 Fund
Class A
Class I
 
JNL/Mellon Capital Real Estate Sector Fund
Class A
Class I
 
JNL/Mellon Capital S&P 400 MidCap Index Fund
Class A
Class I
 
JNL/Mellon Capital S&P 500 Index Fund
Class A
Class I
 
JNL S&P 500 Index Fund
Class I
 
JNL/Mellon Capital S&P 1500 Growth Index Fund
Class A
Class I
 
JNL/Mellon Capital S&P 1500 Value Index Fund
Class A
Class I
 
JNL/Mellon Capital Small Cap Index Fund
Class A
Class I
 
JNL/Mellon Capital Utilities Sector Fund
Class A
Class I
 
JNL/MFS Mid Cap Value Fund
Class A
Class I
 
JNL/MMRS Conservative Fund
Class A
Class I
 
JNL/MMRS Growth Fund
Class A
Class I
 
JNL/MMRS Moderate Fund
Class A
Class I
   
 
A-3
 
   
 
Fund
 
Class
 
 
JNL/Neuberger Berman Strategic Income Fund
Class A
Class I
 
JNL/Oppenheimer Emerging Markets Innovator Fund
Class A
Class I
 
JNL/Oppenheimer Global Growth Fund
Class A
Class I
 
JNL/PIMCO Income Fund
Class A
Class I
 
JNL/PIMCO Real Return Fund
Class A
Class I
 
JNL/PPM America Floating Rate Income Fund
Class A
Class I
 
JNL/PPM America High Yield Bond Fund
Class A
Class I
 
JNL/PPM America Mid Cap Value Fund
Class A
Class I
 
JNL/PPM America Small Cap Value Fund
Class A
Class I
 
JNL/PPM America Total Return Fund
Class A
Class I
 
JNL/PPM America Value Equity Fund
Class A
Class I
 
JNL/Scout Unconstrained Bond Fund
Class A
Class I
 
JNL/T. Rowe Price Established Growth Fund
Class A
Class I
 
JNL/T. Rowe Price Mid-Cap Growth Fund
Class A
Class I
 
JNL/T. Rowe Price Short-Term Bond Fund
Class A
Class I
 
JNL/T. Rowe Price Value Fund
Class A
Class I
 
JNL/Westchester Capital Event Driven Fund
Class A
Class I
 
JNL/WMC Balanced Fund
Class A
Class I
 
JNL/WMC Government Money Market Fund
Class A
Class I
 
JNL/WMC Value Fund
Class A
Class I
 
JNL/S&P 4 Fund
Class A
Class I
 
JNL/S&P Competitive Advantage Fund
Class A
Class I
 
JNL/S&P Dividend Income & Growth Fund
Class A
Class I
 
JNL/S&P International 5 Fund
Class A
Class I
 
JNL/S&P Intrinsic Value Fund
Class A
Class I
 
JNL/S&P Managed Aggressive Growth Fund
Class A
Class I
 
JNL/S&P Managed Conservative Fund
Class A
Class I
 
A-4
 
   
 
Fund
 
Class 
 
 
JNL/S&P Managed Growth Fund
Class A
Class I
 
JNL/S&P Managed Moderate Fund
Class A
Class I
 
JNL/S&P Managed Moderate Growth Fund
Class A
Class I
 
JNL/S&P Mid 3 Fund
Class A
Class I
 
JNL/S&P Total Yield Fund
Class A
Class I
 
JNL/Vanguard Capital Growth Fund
Class A
Class I
 
JNL/Vanguard Equity Income Fund
Class A
Class I
 
JNL/Vanguard Global Bond Market Index Fund
Class A
Class I
 
JNL/Vanguard Growth Allocation Fund
Class A
Class I
 
NL/Vanguard International Fund
Class A
Class I
 
JNL/Vanguard International Stock Market Index Fund
Class A
Class I
 
JNL/Vanguard Moderate Allocation Fund
Class A
Class I
 
JNL/Vanguard Moderate Growth Allocation Fund
Class A
Class I
 
JNL/Vanguard Small Company Growth Fund
Class A
Class I
 
JNL/Vanguard U.S. Stock Market Index Fund
Class A
Class I
 
 
A-5