Funds with partnership status for federal income tax purposes may not be eligible for beneficial withholding rates, available to regulated investment companies (“RICs”), in certain foreign jurisdictions. Jackson National Asset Management (“JNAM”) has agreed to reimburse these Funds for an amount equal to the additional tax withheld. The Funds could also experience delays in receipt of tax reclaim payments due to their partnership status, as compared to the timing experienced by funds with RIC status for federal income tax purposes. JNAM has agreed to contribute to these Funds an amount equal to the outstanding tax reclaims, within the timeframe the Funds would have received payment under RIC status. The Funds will then reimburse JNAM once the reclaim payments are received from the foreign tax authorities.

For the year ended December 31, 2020, transactions between the Funds and JNAM, related to foreign tax reclaims, due to the Funds’ partnership status for federal income tax purposes, are as follows (in thousands):

Fund	Gross Payments from JNAM ($)		Reclaimed Amounts Refunded to JNAM ($)		Reclaimed Amounts Payable to JNAM ($)		Net Withholdings Tax Reimbursed from JNAM ($)
JNL Multi-Manager Alternative Fund		167		4		2		161
JNL Multi-Manager Mid Cap Fund		38		—		3		35
JNL Multi-Manager Small Cap Value Fund		8		—		—		8
JNL/AQR Large Cap Relaxed Constraint Equity Fund		11		—		—		11
JNL/BlackRock Global Allocation Fund		600		137		462		1
JNL/BlackRock Global Natural Resources Fund		246		—		159		87
JNL/BlackRock Large Cap Select Growth Fund		47		—		47		—
JNL/Boston Partners Global Long Short Equity Fund		218		68		99		51
JNL/ClearBridge Large Cap Growth Fund		19		—		—		19
JNL/DFA U.S. Core Equity Fund		18		—		—		18
JNL/DoubleLine Core Fixed Income Fund		78		—		—		78
JNL/First State Global Infrastructure Fund		52		1		51		—
JNL/Franklin Templeton Growth Allocation Fund		40		10		21		9
JNL/GQG Emerging Markets Equity Fund		131		—		—		131
JNL/Invesco Diversified Dividend Fund		204		48		156		—
JNL/Invesco Global Growth Fund		532		—		287		245
JNL/Invesco Global Real Estate Fund		478		3		176		299
JNL/JPMorgan Global Allocation Fund		124		13		48		63
JNL/JPMorgan Growth & Income Fund		4		—		—		4
JNL/JPMorgan MidCap Growth Fund		48		—		—		48
JNL/Mellon Nasdaq 100 Index Fund		16		—		—		16
JNL/MFS Mid Cap Value Fund		7		—		—		7
JNL/RAFI Fundamental Asia Developed Fund		184		—		—		184
JNL/RAFI Multi-Factor U.S. Equity Fund		17		—		—		17
JNL/T. Rowe Price Balanced Fund		97		15		40		42
JNL/T. Rowe Price Capital Appreciation Fund		21		—		—		21
JNL/T. Rowe Price Established Growth Fund		118		—		—		118
JNL/T. Rowe Price Mid-Cap Growth Fund		147		—		—		147
JNL/T. Rowe Price Value Fund		146		—		—		146
JNL/WMC Balanced Fund		586		334		20		232