Ex. 99.28(m)(1)(vii)
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) three new funds of the Trust (each, a “New Fund” and collectively, the “New Funds”), (ii) mergers for two funds of the Trust into other funds of the Trust (each, a “Merged Fund” and together, the “Merged Funds”), and (iii) fund name changes for four funds of the Trust (the “Fund Name Changes”), as outlined below, effective April 25, 2022:
New Funds
1) | JNL/AB Sustainable Global Thematic Fund; |
2) | JNL/Neuberger Berman Gold Plus Strategy Fund; and |
3) | JNL/WCM China Quality Growth Fund. |
Merged Funds
1) | JNL/BlackRock Advantage International Fund; and |
2) | JNL/Franklin Templeton Growth Allocation Fund. |
Fund Name Changes
1) | JNL/Franklin Templeton Global Multisector Bond Fund change to JNL/Western Asset Global Multi-Sector Bond Fund (in connection with an investment sub-adviser replacement, as approved by the Board); |
2) | JNL/Invesco International Growth Fund change to JNL/William Blair International Leaders Fund |
(in connection with an investment sub-adviser replacement, as approved by the Board);
3) | JNL/Mellon Equity Income Fund change to JNL/Newton Equity Income Fund (to align with the company name of the investment sub-adviser); and |
4) | JNL/Mellon MSCI KLD 400 Social Index Fund change to JNL/Morningstar U.S. Sustainability Index Fund (in connection with an investment strategy change and benchmark change, 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 each merged fund and each merged fund’s respective 12b-1 fees, and to update the names of certain funds, effective April 25, 2022.
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 25, 2022, 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 25, 2022.
JNL Series Trust | ||
By: |
/s/ Kristen K. Leeman | |
Name: | Kristen K. Leeman | |
Title: | Assistant Secretary |
Schedule A
Dated April 25, 2022
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/AB Sustainable Global Thematic Fund |
Class A Class I |
0.30% None |
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 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 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 |
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 |
A-2
Funds | Class |
Maximum 12b-1 Fee 1 |
JNL/Invesco Global 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 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 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 |
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 |
A-3
Funds | Class |
Maximum 12b-1 Fee 1 |
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 U.S. Sustainability 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 Gold Plus Strategy Fund |
Class A Class I |
0.30% None |
JNL/Neuberger Berman Strategic Income Fund |
Class A Class I |
0.30% None |
JNL/Newton Equity 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/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 |
JNL/WCM China Quality Growth Fund |
Class A Class I |
0.30% None |
JNL/WCM Focused International Equity Fund |
Class A Class I |
0.30% None |
JNL/Westchester Capital Event Driven Fund |
Class A Class I |
0.30% None |
JNL/Western Asset Global Multi-Sector Bond Fund |
Class A Class I |
0.30% None |
A-4
Funds | Class |
Maximum 12b-1 Fee 1 |
JNL/William Blair International Leaders 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 |
JNL/WMC Government Money Market Fund |
Class A Class I |
0.30% None |
JNL/WMC Value 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