EX-99.28(M)(1)(VI) 36 exm1vi_displanamd20210426.htm AMENDMENT, EFFECTIVE APRIL 26, 2021, TO AMENDED AND RESTATED DISTRIBUTION PLAN

Ex. 99.28(m)(1)(vi)
 

Amendment to JNL Series Trust

Amended and Restated Distribution Plan 

 

 

 

 

This Amendment is made by JNL Series Trust, a Massachusetts business trust (the “Trust”), to its Amended and Restated Distribution Plan, as amended (the “Plan”).

 

Whereas, the Plan was adopted on July 1, 2017 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”) has approved (i) eight new Funds of the Trust (each, a “New Fund” and collectively, the “New Funds”), (ii) mergers for 19 Funds of the Trust into other Funds of the Trust (each, a “Merged Fund” and collectively, the “Merged Funds”), and (iii) fund name changes for eight Funds of the Trust (the “Fund Name Changes”), as outlined below, effective April 26, 2021:

 

New Funds

 

1) JNL Bond Index Fund;

 

2) JNL Emerging Markets Index Fund;

 

3) JNL International Index Fund;

 

4) JNL Mid Cap Index Fund;

 

5) JNL Small Cap Index Fund;

 

6) JNL/American Funds® Bond Fund of America Fund;

 

7) JNL/Baillie Gifford U.S. Equity Growth Fund; and

 

8) JNL/Morningstar PitchBook Listed Private Equity Index Fund.

 

Merged Funds

 

1) JNL/AQR Large Cap Relaxed Constraint Equity Fund;

 

2) JNL/AQR Managed Futures Strategy Fund;

 

3) JNL/Boston Partners Global Long Short Equity Fund;

 

4) JNL/DFA Growth Allocation Fund;

 

5) JNL/DFA Moderate Growth Allocation Fund;

 

6) JNL/Franklin Templeton International Small Cap Fund;

 

7) JNL/Goldman Sachs Competitive Advantage Fund;

 

8) JNL/Goldman Sachs Dividend Income & Growth Fund;

 

9) JNL/Goldman Sachs International 5 Fund;

 

10) JNL/Goldman Sachs Intrinsic Value Fund;

 

11) JNL/Goldman Sachs Total Yield Fund;

 

12) JNL/Mellon Index 5 Fund;

 

13) JNL/PPM America Small Cap Value Fund;

 

14) JNL/RAFI® Fundamental Asia Developed Fund;

 

15) JNL/RAFI® Fundamental Europe Fund;

 

16) JNL/Vanguard Capital Growth Fund;

 

17) JNL/Vanguard Global Bond Market Index Fund;

 

18) JNL/Vanguard International Stock Market Index Fund; and

 

19) JNL/Vanguard Small Company Growth Fund.

 

     

 

 

Fund Name Changes

 

1) JNL/American Funds® Blue Chip Income and Growth Fund change to JNL/American Funds® Washington Mutual Investors Fund;

 

2) JNL/First State Global Infrastructure Fund change to JNL/First Sentier Global Infrastructure Fund;

 

3) JNL/Invesco Global Real Estate Fund change to JNL/WMC Global Real Estate Fund (in connection with an investment sub-adviser replacement, as approved by the Board);

 

4) JNL/JPMorgan Growth & Income Fund change to JNL/JPMorgan U.S. Value Fund;

 

5) JNL/Mellon MSCI World Index Fund change to JNL/Mellon World Index Fund;

 

6) JNL/Vanguard Equity Income Fund change to JNL/WMC Equity Income Fund (in connection with the conversion from a feeder fund to a sub-advised fund, as approved by the Board);

 

7) JNL/Vanguard International Fund change to JNL/Baillie Gifford International Growth Fund (in connection with the conversion from a feeder fund to a sub-advised fund, as approved by the Board); and

 

8) JNL/Vanguard U.S. Stock Market Index Fund change to JNL/Mellon U.S. Stock Market Index Fund (in connection with the conversion from a Fund of Funds to a sub-advised index fund, as approved by the Board).

 

Whereas, pursuant to Board approval of the changes, as outlined above, the Trust has agreed to amend Schedule A of the Plan to add each new fund and each new fund’s respective 12b-1 fees, to remove the merged funds and each merged fund’s respective 12b-1 fees, and to update the names of certain funds, effective April 26, 2021.

 

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 April 26, 2021, 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 April 26, 2021.

 

  JNL Series Trust
 

 

By:

 /s/ Kristen K. Leeman
  Name: Kristen K. Leeman
  Title: Assistant Secretary

 

 

     

 

 

Schedule A

Dated April 26, 2021

 

 

 

 

Funds Class

Maximum

12b-1 Fee 1
JNL Bond Index Fund

Class I

 

 None
JNL Emerging Markets Index Fund Class I

None

 
JNL International Index Fund Class I

None

 
JNL Mid Cap Index Fund Class I

None

 
JNL Small Cap Index Fund Class I

None

 
JNL/American Funds® Balanced Fund

Class A

Class I

0.30%

None
JNL/American Funds® Bond Fund of America Fund

Class A

Class I

0.30%

None
JNL/American Funds® Capital Income Builder Fund

Class A

Class I

0.30%

None
JNL/American Funds® Capital World Bond Fund

Class A

Class I

0.30%

None
JNL/American Funds® Global Growth Fund

Class A

Class I

0.30%

None
JNL/American Funds® Global Small Capitalization Fund

Class A

Class I

0.30%

None
JNL/American Funds® Growth Fund

Class A

Class I

0.30%

None
JNL/American Funds® Growth-Income Fund

Class A

Class I

0.30%

None
JNL/American Funds® International Fund

Class A

Class I

0.30%

None
JNL/American Funds® New World Fund

Class A

Class I

0.30%

None
JNL/American Funds® Washington Mutual Investors Fund

Class A

Class I

0.30%

None
JNL Aggressive Growth Allocation Fund

Class A

Class I

0.30%

None
JNL Conservative Allocation Fund

Class A

Class I

0.30%

None
JNL Growth 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 Moderate Allocation Fund

Class A

Class I

0.30%

None
JNL Moderate Growth Allocation Fund

Class A

Class I

0.30%

None
JNL Multi-Manager Alternative Fund

Class A

Class I

0.30%

None
JNL Multi-Manager Emerging Markets Equity Fund

Class A

Class I

0.30%

None
JNL Multi-Manager International Small Cap Fund

Class A

Class I

0.30%

None
JNL Multi-Manager Mid Cap Fund

Class A

Class I

0.30%

None
JNL Multi-Manager Small Cap Growth Fund

Class A

Class I

0.30%

None
JNL Multi-Manager Small Cap Value Fund

Class A

Class I

0.30%

None

 

  A-1  

 

 

Funds Class

Maximum

12b-1 Fee 1
JNL/American Funds® Growth Allocation Fund

Class A

Class I

0.30%

None
JNL/American Funds® Moderate Growth Allocation Fund

Class A

Class I

0.30%

None
JNL/AQR Large Cap Defensive Style Fund

Class A

Class I

0.30%

None
JNL/Baillie Gifford International Growth Fund

Class A

Class I

0.30%

None
JNL/Baillie Gifford U.S. Equity Growth Fund

Class A

Class I

0.30%

None
JNL/BlackRock Advantage International Fund

Class A

Class I

0.30%

None
JNL/BlackRock Global Allocation Fund

Class A

Class I

0.30%

None
JNL/BlackRock Global Natural Resources Fund

Class A

Class I

0.30%

None
JNL/BlackRock Large Cap Select Growth Fund

Class A

Class I

0.30%

None
JNL/Causeway International Value Select Fund

Class A

Class I

0.30%

None
JNL/ClearBridge Large Cap Growth Fund

Class A

Class I

0.30%

None
JNL/DFA International Core Equity Fund

Class A

Class I

0.30%

None
JNL/DFA U.S. Core Equity Fund

Class A

Class I

0.30%

None
JNL/DFA U.S. Small Cap Fund

Class A

Class I

0.30%

None
JNL/DoubleLine® Core Fixed Income Fund

Class A

Class I

0.30%

None
JNL/DoubleLine® Emerging Markets Fixed Income Fund

Class A

Class I

0.30%

None
JNL/DoubleLine® Shiller Enhanced CAPE® Fund

Class A

Class I

0.30%

None
JNL/DoubleLine® Total Return Fund

Class A

Class I

0.30%

None
JNL/Fidelity Institutional Asset Management® Total Bond Fund

Class A

Class I

0.30%

None
JNL/First Sentier Global Infrastructure Fund

Class A

Class I

0.30%

None
JNL/Franklin Templeton Global Multisector Bond Fund

Class A

Class I

0.30%

None
JNL/Franklin Templeton Growth Allocation Fund

Class A

Class I

0.30%

None
JNL/Franklin Templeton Income Fund

Class A

Class I

0.30%

None
JNL/Goldman Sachs 4 Fund

Class A

Class I

0.30%

None
JNL/Goldman Sachs Managed Aggressive Growth Fund

Class A

Class I

0.30%

None
JNL/Goldman Sachs Managed Conservative Fund

Class A

Class I

0.30%

None
JNL/Goldman Sachs Managed Growth Fund

Class A

Class I

0.30%

None
JNL/Goldman Sachs Managed Moderate Fund

Class A

Class I

0.30%

None
JNL/Goldman Sachs Managed Moderate Growth Fund

Class A

Class I

0.30%

None
JNL/GQG Emerging Markets Equity Fund

Class A

Class I

0.30%

None
JNL/Harris Oakmark Global Equity Fund

Class A

Class I

0.30%

None

 

  A-2  

 

 

Funds Class

Maximum

12b-1 Fee 1
JNL/Heitman U.S. Focused Real Estate Fund

Class A

Class I

0.30%

None
JNL/Invesco Diversified Dividend Fund

Class A

Class I

0.30%

None
JNL/Invesco Global Growth Fund

Class A

Class I

0.30%

None
JNL/Invesco International Growth Fund

Class A

Class I

0.30%

None
JNL/Invesco Small Cap Growth Fund

Class A

Class I

0.30%

None
JNL/JPMorgan Global Allocation Fund

Class A

Class I

0.30%

None
JNL/JPMorgan Hedged Equity Fund

Class A

Class I

0.30%

None
JNL/JPMorgan MidCap Growth Fund

Class A

Class I

0.30%

None
JNL/JPMorgan U.S. Government & Quality Bond Fund

Class A

Class I

0.30%

None
JNL/JPMorgan U.S. Value Fund

Class A

Class I

0.30%

None
JNL/Lazard International Strategic Equity Fund

Class A

Class I

0.30%

None
JNL/Loomis Sayles Global Growth Fund

Class A

Class I

0.30%

None
JNL/Lord Abbett Short Duration Income Fund

Class A

Class I

0.30%

None
JNL/Mellon Bond Index Fund

Class A

Class I

0.30%

None
JNL/Mellon Communication Services Sector Fund

Class A

Class I

0.30%

None
JNL/Mellon Consumer Discretionary Sector Fund

Class A

Class I

0.30%

None
JNL/Mellon Consumer Staples Sector Fund

Class A

Class I

0.30%

None
JNL/Mellon DowSM Index Fund

Class A

Class I

0.30%

None
JNL/Mellon Emerging Markets Index Fund

Class A

Class I

0.30%

None
JNL/Mellon Energy Sector Fund

Class A

Class I

0.30%

None
JNL/Mellon Equity Income Fund

Class A

Class I

0.30%

None
JNL/Mellon Financial Sector Fund

Class A

Class I

0.30%

None
JNL/Mellon Healthcare Sector Fund

Class A

Class I

0.30%

None
JNL/Mellon Industrials Sector Fund

Class A

Class I

0.30%

None
JNL/Mellon Information Technology Sector Fund

Class A

Class I

0.30%

None
JNL/Mellon International Index Fund

Class A

Class I

0.30%

None
JNL/Mellon Materials Sector Fund

Class A

Class I

0.30%

None
JNL/Mellon MSCI KLD 400 Social Index Fund

Class A

Class I

0.30%

None
JNL/Mellon Nasdaq® 100 Index Fund

Class A

Class I

0.30%

None
JNL/Mellon Real Estate Sector Fund

Class A

Class I

0.30%

None
JNL/Mellon S&P 400 MidCap Index Fund

Class A

Class I

0.30%

None

 

  A-3  

 

 

Funds Class

Maximum

12b-1 Fee 1
JNL/Mellon S&P 500 Index Fund

Class A

Class I

0.30%

None
JNL S&P 500 Index Fund

Class A

Class I

0.30%

None
JNL/Mellon Small Cap Index Fund

Class A

Class I

0.30%

None
JNL/Mellon U.S. Stock Market Index Fund

Class A

Class I

0.30%

None
JNL/Mellon Utilities Sector Fund

Class A

Class I

0.30%

None
JNL/Mellon World Index Fund

Class A

Class I

0.30%

None
JNL/Morningstar PitchBook Listed Private Equity Index Fund

Class A

Class I

0.30%

None
JNL/Morningstar Wide Moat Index Fund

Class A

Class I

0.30%

None
JNL/MFS Mid Cap Value Fund

Class A

Class I

0.30%

None
JNL/Neuberger Berman Commodity Strategy Fund

Class A

Class I

0.30%

None
JNL/Neuberger Berman Strategic Income Fund

Class A

Class I

0.30%

None
JNL/PIMCO Income Fund

Class A

Class I

0.30%

None
JNL/PIMCO Investment Grade Credit Bond Fund

Class A

Class I

0.30%

None
JNL/PIMCO Real Return Fund

Class A

Class I

0.30%

None
JNL/PPM America Floating Rate Income Fund

Class A

Class I

0.30%

None
JNL/PPM America High Yield Bond Fund

Class A

Class I

0.30%

None
JNL/PPM America Total Return Fund

Class A

Class I

0.30%

None
JNL/RAFI® Fundamental U.S. Small Cap Fund

Class A

Class I

0.30%

None
JNL/RAFI® Multi-Factor U.S. Equity Fund

Class A

Class I

0.30%

None
JNL/T. Rowe Price Balanced Fund

Class A

Class I

0.30%

None
JNL/T. Rowe Price Capital Appreciation Fund

Class A

Class I

0.30%

None
JNL/T. Rowe Price Established Growth Fund

Class A

Class I

0.30%

None
JNL/T. Rowe Price Mid-Cap Growth Fund

Class A

Class I

0.30%

None
JNL/T. Rowe Price Short-Term Bond Fund

Class A

Class I

0.30%

None
JNL/T. Rowe Price U.S. High Yield Fund

Class A

Class I

0.30%

None
JNL/T. Rowe Price Value Fund

Class A

Class I

0.30%

None
JNL/Westchester Capital Event Driven Fund

Class A

Class I

0.30%

None
JNL/WCM Focused International Equity Fund

Class A

Class I

0.30%

None
JNL/WMC Balanced Fund

Class A

Class I

0.30%

None
JNL/WMC Equity Income Fund

Class A

Class I

0.30%

None
JNL/WMC Global Real Estate Fund

Class A

Class I

0.30%

None

 

 

  A-4  

 

 

 

Funds Class

Maximum

12b-1 Fee 1
JNL/WMC Government Money Market Fund

Class A

Class I

0.30%

None
JNL/WMC Value Fund

Class A

Class I

0.30%

None
JNL/Vanguard Growth ETF Allocation Fund

Class A

Class I

0.30%

None
JNL/Vanguard Moderate ETF Allocation Fund

Class A

Class I

0.30%

None
JNL/Vanguard Moderate Growth ETF Allocation 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-5