EX-99.G CUST AGREEMT 80 exg2xiii_sscus20190624.htm

Ex. 99.28(g)(2)(xiii)

Amendment to Master Custodian Agreement

 

This Amendment, effective as June 24, 2019, to the Master Custodian Agreement dated as of December 30, 2010, (as amended, restated, supplemented or otherwise modified and in effect from time to time, the “Agreement”) is by and among each management investment company, and each Cayman Islands entity identified on Appendix A attached thereto (each a “Fund” and collectively, the “Funds”), and State Street Bank and Trust Company, a Massachusetts trust company (the “Custodian”).

 

Whereas, the Custodian and the Funds (the “Parties”) have entered into the Agreement by which the Custodian provides certain custodial services relating to securities and other assets of each Fund.

 

Whereas, the Fund segregates and separately manages certain of the Fund’s portfolio of assets (each in an account).

 

Whereas, the Boards of Trustees of JNL Series Trust and Jackson Variable Series Trust and the Board of Managers of JNL Variable Fund LLC (collectively, the “Board”) has approved new funds, fund mergers for certain funds, investment sub-adviser replacements, fund name changes for certain funds, and a Cayman Islands entity name change, as outlined below, effective June 24, 2019 (collectively, the “Changes”):

 

JNL Series Trust

 

New Funds (Portfolios)

 

1) JNL/DFA International Core Equity Fund;

 

2) JNL/RAFI® Multi-Factor U.S. Equity Fund; and

 

3) JNL/RAFI® Fundamental U.S. Small Cap Fund.

 

Fund (Portfolio) Name Changes in connection with Investment Sub-Adviser Replacements

 

1) JNL/AB Dynamic Asset Allocation Fund change to JNL/JPMorgan Global Allocation Fund; and

 

2) JNL/Goldman Sachs Core Plus Bond Fund change to JNL/Fidelity Institutional Asset Management® Total Bond Fund.

 

Fund (Portfolio) Name Changes

 

1) JNL/Mellon Capital European 30 Fund change to JNL/RAFI® Fundamental Europe Fund; and

 

2) JNL/Mellon Capital Pacific Rim 30 Fund change to JNL/RAFI® Fundamental Asia Developed Fund.

 

Jackson Variable Series Trust

 

Fund (Portfolio) Merger

 

1) JNL/PPM America Long Short Credit Fund merging into the JNL/PPM America High Yield Bond Fund of JNL Series Trust.

 

Fund (Portfolio) Name Change

 

1) JNL/Neuberger Berman Risk Balanced Commodity Strategy Fund change to JNL/Neuberger Berman Commodity Strategy Fund.

 

Cayman Islands Entity Name Change

 

1) JNL/Neuberger Berman Risk Balanced Commodity Strategy Fund Ltd. change to JNL/Neuberger Berman Commodity Strategy Fund Ltd.

 

JNL Variable Fund LLC

 

Fund (Portfolio) Mergers

 

1) JNL/Mellon Capital JNL 5 Fund to merge into the JNL/RAFI® Multi-Factor U.S. Equity Fund of JNL Series Trust; and

 

2) JNL/Mellon Capital S&P® SMid 60 Fund to merge into the JNL/RAFI® Fundamental U.S. Small Cap Fund of JNL Series Trust.

 

 

 

Fund (Portfolio) Name Changes

 

1) JNL/Mellon Capital MSCI World Index Fund change to JNL/Mellon MSCI World Index Fund; and

 

2) JNL/Mellon Capital Nasdaq® 100 Index Fund change to JNL/Mellon Nasdaq® 100 Index Fund.

 

Whereas, pursuant to Board approval of the Changes, as outlined above, the Parties have agreed to amend the Agreement, including its Appendix A, to add the new funds (Portfolios, as defined in the Agreement), to remove the merged funds as Portfolios, and to change the fund and Cayman Islands entity names, as outlined above, effective June 24, 2019.

 

Now, Therefore, in consideration of the promises and mutual covenants herein contained, the Parties hereto agree as follows:

 

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

 

2) Except as specifically amended hereby, all other terms and conditions of the Agreement shall remain in full force and effect.

 

3) This Amendment may be executed in several counterparts, each of which shall be deemed to be an original, and all such counterparts taken together shall constitute one and the same instrument. Counterparts may be executed in either original or electronically transmitted form (e.g., faxes or emailed portable document format (PDF) form), and the Parties hereby adopt as original any signatures received via electronically transmitted form.

 

 

[Remainder of page intentionally left blank.]

- 2 -

 

In Witness Whereof, the Parties hereto have caused this Amendment to be executed by their officers designated below, effective June 24, 2019.

 

JNL Series Trust,

JNL Investors Series Trust,

JNL Variable Fund LLC, and

Jackson Variable Series Trust,

each on behalf of its Portfolios listed on Appendix A hereto

 

JNL/Neuberger Berman

Commodity Strategy Fund Ltd.

 

JNL Multi-Manager Alternative

Fund (Boston Partners) Ltd.

 

JNL/Eaton Vance Global Macro

Absolute Return Advantage Fund Ltd.

  
     
By: /s/ Emily J. Bennett  
Name: Emily J. Bennett  
Title: Assistant Secretary  

 

PPM Funds,

on behalf of its Portfolios listed on Appendix A hereto

  
     
By: /s/ Emily J. Bennett  
Name: Emily J. Bennett  
Title: Vice President and Secretary  

 

 

State Street Bank and Trust Company  
     
By: /s/ Andrew Erickson  
Name: Andrew Erickson  
Title: Executive Vice President  

- 3 -

 

Appendix A

to

Master Custodian Agreement

 (Updated as of June 24, 2019)

 

 

Fund: JNL Series Trust, for the following Portfolios
JNL Multi-Manager Alternative Fund
JNL Multi-Manager International Small Cap Fund
JNL Multi-Manager Mid Cap Fund
JNL/AQR Large Cap Relaxed Constraint Equity Fund
JNL/Boston Partners Global Long Short Equity Fund
JNL/Causeway International Value Select Fund
JNL/ClearBridge Large Cap Growth Fund
JNL/Crescent High Income Fund
JNL/DFA Growth Allocation Fund
JNL/DFA International Core Equity Fund
JNL/DFA Moderate Growth Allocation Fund
JNL/DFA U.S. Core Equity Fund
JNL/DoubleLine® Core Fixed Income Fund
JNL/DoubleLine® Emerging Markets Fixed Income Fund
JNL/DoubleLine® Shiller Enhanced CAPE® Fund
JNL/FPA + DoubleLine Flexible Allocation Fund (for the portion of assets managed by DoubleLine Capital LP)
JNL/FPA + DoubleLine Flexible Allocation Fund (for the portion of assets managed by First Pacific Advisors, LLC)
JNL/Fidelity Institutional Asset Management® Total Bond Fund
JNL/Goldman Sachs Emerging Markets Debt Fund
JNL/GQG Emerging Markets Equity Fund
JNL/Harris Oakmark Global Equity Fund
JNL/Invesco Diversified Dividend Fund
JNL/Invesco Global Real Estate Fund
JNL/Invesco International Growth Fund
JNL/Invesco Small Cap Growth Fund
JNL/JPMorgan Global Allocation Fund
JNL/JPMorgan Hedged Equity Fund
JNL/JPMorgan Midcap Growth Fund
JNL/JPMorgan U.S. Government & Quality Bond Fund
JNL/Lazard Emerging Markets Fund
JNL/Loomis Sayles Global Growth Fund
JNL/MFS Mid Cap Value Fund
JNL/Neuberger Berman Strategic Income Fund
JNL/Oppenheimer Emerging Markets Innovator Fund
JNL/Oppenheimer Global Growth Fund
JNL/PPM America Floating Rate Income Fund
JNL/PPM America High Yield Bond Fund
JNL/PPM America Mid Cap Value Fund
JNL/PPM America Small Cap Value Fund
JNL/PPM America Total Return Fund
JNL/PPM America Value Equity Fund
JNL/RAFI® Fundamental Asia Developed Fund
JNL/RAFI® Fundamental Europe Fund
JNL/RAFI® Fundamental U.S. Small Cap Fund
JNL/RAFI® Multi-Factor U.S. Equity Fund
JNL/T. Rowe Price Established Growth Fund
JNL/T. Rowe Price Managed Volatility Balanced Fund
JNL/T. Rowe Price Mid-Cap Growth Fund

 

A-1

 

 

JNL/T. Rowe Price Short-Term Bond Fund
JNL/T. Rowe Price Value Fund
JNL/Westchester Capital Event Driven Fund

 

Fund: JNL Investors Series Trust, for the following Portfolios
JNL/PPM America Low Duration Bond Fund

 

Fund: JNL Variable Fund LLC, for the following Portfolios
JNL/Mellon MSCI World Index Fund
JNL/Mellon Nasdaq® 100 Index Fund

 

Fund: Jackson Variable Series Trust, for the following Portfolios
JNL/DFA U.S. Small Cap Fund
JNL/DoubleLine Total Return Fund
JNL/Eaton Vance Global Macro Absolute Return Advantage Fund
JNL/Lazard International Strategic Equity Fund
JNL/Neuberger Berman Currency Fund
JNL/Neuberger Berman Commodity Strategy Fund
JNL/Nicholas Convertible Arbitrage Fund
JNL/T. Rowe Price Capital Appreciation Fund

 

Fund: PPM Funds, for the following Portfolios
PPM Core Plus Fixed Income Fund
PPM Credit Fund
PPM Floating Rate Income Fund
PPM High Yield Core Fund
PPM Long Short Credit Fund
PPM Strategic Income Fund
PPM Large Cap Value Fund
PPM Mid Cap Value Fund
PPM Small Cap Value Fund

 

Cayman Islands Entities:

 

JNL Multi-Manager Alternative Fund (Boston Partners) Ltd.

 

JNL/Eaton Vance Global Macro Absolute Return Advantage Fund Ltd.

 

JNL/Neuberger Berman Commodity Strategy Fund Ltd.

 

 

A-2