EX-99.28(N)(1)(XIV) 37 exn1xiv_mcplanamd20210426.htm AMENDMENT, EFFECTIVE APRIL 26, 2021, TO MULTIPLE CLASS PLAN

Ex. 99.28(n)(1)(xiv)

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 (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, to remove the merged Funds, and to update the names of certain Funds.

 

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

Investment Portfolios

 

 

 

Funds Class

JNL Bond Index Fund

 

Class I

 

JNL Emerging Markets Index Fund

 

 Class I

JNL International Index Fund

 

 Class I

JNL Mid Cap Index Fund

 

 Class I

JNL Small Cap Index Fund

 

 Class I
JNL/American Funds® Balanced Fund

Class A

Class I
JNL/American Funds® Bond Fund of America Fund

Class A

Class I
JNL/American Funds® Capital Income Builder Fund

Class A

Class I
JNL/American Funds® Capital World Bond Fund

Class A

Class I
JNL/American Funds® Global Growth Fund

Class A

Class I
JNL/American Funds® Global Small Capitalization Fund

Class A

Class I
JNL/American Funds® Growth 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/American Funds® Washington Mutual Investors Fund

Class A

Class I
JNL Aggressive Growth Allocation Fund

Class A

Class I
JNL Conservative Allocation Fund

Class A

Class I
JNL Growth Allocation Fund

Class A

Class I
JNL iShares Tactical Growth Fund

Class A

Class I
JNL iShares Tactical Moderate Fund

Class A

Class I
JNL iShares Tactical Moderate Growth Fund

Class A

Class I
JNL Moderate Allocation Fund

Class A

Class I
JNL Moderate Growth Allocation Fund

Class A

Class I
JNL Multi-Manager Alternative Fund

Class A

Class I
JNL Multi-Manager Emerging Markets Equity Fund

Class A

Class I
JNL Multi-Manager International Small Cap 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 

 

  A-1  

 

 

Funds Class
JNL Multi-Manager Small Cap Value 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 Cap Defensive Style Fund

Class A

Class I
JNL/Baillie Gifford International Growth Fund

Class A

Class I
JNL/Baillie Gifford U.S. Equity Growth Fund

Class A

Class I
JNL/BlackRock Advantage International 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
JNL/Causeway International Value Select Fund

Class A

Class I
JNL/ClearBridge Large Cap Growth Fund

Class A

Class I
JNL/DFA International Core Equity Fund

Class A

Class I
JNL/DFA U.S. Core Equity Fund

Class A

Class I
JNL/DFA U.S. Small Cap 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/DoubleLine® Total Return Fund

Class A

Class I
JNL/Fidelity Institutional Asset Management® Total Bond Fund

Class A

Class I
JNL/First Sentier Global Infrastructure Fund

Class A

Class I
JNL/Franklin Templeton Global Multisector Bond Fund

Class A

Class I
JNL/Franklin Templeton Growth Allocation Fund

Class A

Class I
JNL/Franklin Templeton Income Fund

Class A

Class I
JNL/Goldman Sachs 4 Fund

Class A

Class I
JNL/Goldman Sachs Managed Aggressive Growth Fund

Class A

Class I
JNL/Goldman Sachs Managed Conservative Fund

Class A

Class I
JNL/Goldman Sachs Managed Growth Fund

Class A

Class I
JNL/Goldman Sachs Managed Moderate Fund

Class A

Class I
JNL/Goldman Sachs Managed Moderate Growth Fund

Class A

Class I
JNL/GQG Emerging Markets Equity Fund

Class A

Class I

 

  A-2  

 

 

Funds Class
JNL/Harris Oakmark Global Equity Fund

Class A

Class I
JNL/Heitman U.S. Focused Real Estate Fund

Class A

Class I
JNL/Invesco Diversified Dividend Fund

Class A

Class I
JNL/Invesco Global Growth Fund

Class A

Class I
JNL/Invesco International Growth Fund

Class A

Class I
JNL/Invesco Small Cap Growth Fund

Class A

Class I
JNL/JPMorgan Global Allocation Fund

Class A

Class I
JNL/JPMorgan Hedged Equity 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/JPMorgan U.S. Value Fund

Class A

Class I
JNL/Lazard International Strategic Equity Fund

Class A

Class I
JNL/Loomis Sayles Global Growth Fund

Class A

Class I
JNL/Lord Abbett Short Duration Income Fund

Class A

Class I
JNL/Mellon Bond Index Fund

Class A

Class I
JNL/Mellon Communication Services Sector Fund

Class A

Class I
JNL/Mellon Consumer Discretionary Sector Fund

Class A

Class I
JNL/Mellon Consumer Staples Sector Fund

Class A

Class I
JNL/Mellon DowSM Index Fund

Class A

Class I
JNL/Mellon Emerging Markets Index Fund

Class A

Class I
JNL/Mellon Energy Sector Fund

Class A

Class I
JNL/Mellon Equity Income Fund

Class A

Class I
JNL/Mellon Financial Sector Fund

Class A

Class I
JNL/Mellon Healthcare Sector Fund

Class A

Class I
JNL/Mellon Industrials Sector Fund

Class A

Class I
JNL/Mellon Information Technology Sector Fund

Class A

Class I
JNL/Mellon International Index Fund

Class A

Class I
JNL/Mellon Materials Sector Fund

Class A

Class I
JNL/Mellon MSCI KLD 400 Social Index Fund

Class A

Class I
JNL/Mellon Nasdaq® 100 Index Fund

Class A

Class I
JNL/Mellon Real Estate Sector Fund

Class A

Class I

 

  A-3  

 

 

Funds Class
JNL/Mellon S&P 400 MidCap Index Fund

Class A

Class I
JNL/Mellon S&P 500 Index Fund

Class A

Class I
JNL S&P 500 Index Fund

Class A

Class I
JNL/Mellon Small Cap Index Fund

Class A

Class I
JNL/Mellon U.S. Stock Market Index Fund

Class A

Class I
JNL/Mellon Utilities Sector Fund

Class A

Class I
JNL/Mellon World Index Fund

Class A

Class I
JNL/Morningstar PitchBook Listed Private Equity Index Fund

Class A

Class I
JNL/Morningstar Wide Moat Index Fund

Class A

Class I
JNL/MFS Mid Cap Value Fund

Class A

Class I
JNL/Neuberger Berman Commodity Strategy Fund

Class A

Class I
JNL/Neuberger Berman Strategic Income Fund

Class A

Class I
JNL/PIMCO Income Fund

Class A

Class I
JNL/PIMCO Investment Grade Credit Bond 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 Total Return Fund

Class A

Class I
JNL/RAFI® Fundamental U.S. Small Cap Fund

Class A

Class I
JNL/RAFI® Multi-Factor U.S. Equity Fund

Class A

Class I
JNL/T. Rowe Price Balanced Fund

Class A

Class I
JNL/T. Rowe Price Capital Appreciation 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 U.S. High Yield 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/WCM Focused International Equity Fund

Class A

Class I
JNL/WMC Balanced Fund

Class A

Class I
JNL/WMC Equity Income Fund

Class A

Class I

 

  A-4  

 

 

Funds Class
JNL/WMC Global Real Estate Fund

Class A

Class I
JNL/WMC Government Money Market Fund

Class A

Class I
JNL/WMC Value Fund

Class A

Class I
JNL/Vanguard Growth ETF Allocation Fund

Class A

Class I
JNL/Vanguard Moderate ETF Allocation Fund

Class A

Class I
JNL/Vanguard Moderate Growth ETF Allocation Fund

Class A

Class I

 

 

  A-5