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May 14, 2021 9:05 AM EDT
As filed with the Securities and Exchange Commission on May 14, 2021
   
 
1933 Act Registration No. 33-87244
 
1940 Act Registration No. 811-8894
 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-1A
   
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
[X]
   
Pre-Effective Amendment No. [   ]
[   ]
   
Post-Effective Amendment No. 178
[X]
and/or
   
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940
[X]
   
Amendment No. 179
[X]
 
JNL SERIES TRUST
(Exact Name of Registrant as Specified in Charter)
 
1 Corporate Way, Lansing, Michigan 48951
(Address of Principal Executive Offices) (Zip Code)
 
Registrant’s Telephone Number, including Area Code: (517) 381-5500
 
225 West Wacker Drive, Chicago, Illinois 60606
(Mailing Address)
 
with a copy to:
 
Emily J. Bennett, Esq.
Ropes & Gray LLP
 
JNL Series Trust
32nd Floor
 
Assistant Secretary
191 North Wacker Drive
 
1 Corporate Way
Chicago, Illinois  60606
 
Lansing, Michigan 48951
Attn:  Paulita A. Pike, Esq.
 
(Name and Address of Agent for Service)
 
 
It is proposed that this filing will become effective immediately upon filing pursuant to Rule 462(d).
 
 
EXPLANATORY NOTE 
This Post-Effective Amendment No. 178 to the Registration Statement on Form N-1A (File Nos. 33-87244 and 811-8894) of JNL SERIES TRUST (the “Registration Statement”) is being filed pursuant to Rule 462(d) under the Securities Act of 1933, as amended (the “Securities Act”), solely for the purpose of filing an exhibit (Opinion and Consent of Counsel regarding tax matters) to the Registration Statement. Accordingly, this Post-Effective Amendment No. 178 consists only of a facing page, this explanatory note, and Part C of the Registration Statement on Form N-1A setting forth the exhibits to the Registration Statement. This Post-Effective Amendment No. 178 does not modify any other part of the Registration Statement.  Pursuant to Rule 462(d) under the Securities Act, this Post-Effective Amendment No. 178 shall become effective immediately upon filing with the Securities and Exchange Commission. The contents of the Registration Statement are hereby incorporated by reference. 


JNL SERIES TRUST

PART C
OTHER INFORMATION

Note:  Items 28-35 have been answered with respect to all investment portfolios (series) of the Registrant.
  

Item 28.  Exhibits
  
   
(a)
      
         
(b)
      
         
(c)
    
Not Applicable.
  
         
     
Jackson National Asset Management, LLC (“JNAM”)
  
         
(d)
(1)
(i)
  
         
   
(ii)
  
         
   
(iii)
  
         
   
(iv)
  
         
   
(v)
  
         
   
(vi)
  
         
   
(vii)
  
         
   
(viii)
  
         
   
(ix)
  
         
   
(x)
  
         
   
(xi)
  
         
   
(xii)
  
         
   
(xiii)
  
         
   
(xiv)
  
         
   
(xv)
  
         
   
(xvi)
  
         
   
(xvii)
  
         
   
(xviii)
  
         
   
(xix)
  
         
   
(xx)
  
         
   
(xxi)
  
         
   
(xxii)
  
         
(d)
(2)
(i)
  
         
   
(ii)
  
         
(d)
(3)
(i)
  
         
     
AQR Capital Management, LLC (“AQR”)
  
         
(d)
(4)
(i)
  
         
   
(ii)
  
         
   
(iii)
  
         
   
(iv)
  
         
   
(v)
  
         
   
(vi)
  
         
   
(vii)
  
         
   
(viii)
  
         
   
(ix)
  
         
   
(x)
  
         
   
(xi)
  
         
     
Baillie Gifford Overseas Limited (“Baillie”)
  
         
(d)
(5)
(i)
  
         
     
BlackRock International Limited (“BIL”)
  
         
(d)
(6)
(i)
  
         
   
(ii)
  
         
     
BlackRock Investment Management, LLC (“BlackRock”)
  
         
(d)
(7)
(i)
  
         
   
(ii)
  
         
   
(iii)
  
         
   
(iv)
  
         
   
(v)
  
         
   
(vi)
  
         
   
(vii)
  
         
   
(viii)
  
         
   
(ix)
  
         
   
(x)
  
         
   
(xi)
  
         
   
(xii)
  
         
   
(xiii)
  
         
   
(xiv)
  
         
     
Boston Partners Global Investors, Inc. (formerly, Robeco Investment Management, Inc. (“Robeco”) (“Boston Partners”)
  
         
(d)
(8)
(i)
  
         
   
(ii)
  
         
   
(iii)
  
         
   
(iv)
  
         
   
(v)
  
         
   
(vi)
  
         
   
(vii)
  
         
   
(viii)
  
         
   
(ix)
  
         
   
(x)
  
         
(d)
(9)
(i)
  
         
   
(ii)
  
         
     
Causeway Capital Management LLC (“Causeway”)
  
         
(d)
(10)
(i)
  
         
   
(ii)
  
         
   
(iii)
  
         
   
(iv)
  
         
   
(v)
  
         
     
Champlain Investment Partners, LLC (“Champlain”)
  
         
(d)
(11)
(i)
  
         
   
(ii)
  
         
     
ClearBridge Investments, LLC (“ClearBridge”)
  
         
(d)
(12)
(i)
  
         
     
Congress Asset Management Company, LLP (“Congress”)
  
         
(d)
(13)
(i)
  
         
   
(ii)
  
         
     
Cooke & Bieler, L.P. (“Cooke”)
  
         
(d)
(14)
(i)
  
         
   
(ii)
  
         
   
(iii)
  
         
   
(iv)
  
         
   
(v)
  
         
     
Dimensional Fund Advisors LP (“DFA”)
  
         
(d)
(15)
(i)
  
         
   
(ii)
  
         
   
(iii)
  
         
   
(iv)
  
         
   
(v)
  
         
   
(vi)
  
         
   
(vii)
  
         
   
(viii)
  
         
   
(ix)
  
         
     
DoubleLine Capital LP (“DoubleLine”)
  
         
(d)
(16)
(i)
  
         
   
(ii)
  
         
   
(iii)
  
         
   
(iv)
  
         
   
(v)
  
         
   
(vi)
  
         
   
(vii)
  
         
   
(viii)
  
         
   
(ix)
  
         
   
(x)
  
         
     
FIAM LLC (“Fidelity”)
  
         
(d)
(17)
(i)
  
         
     
First Pacific Advisors, LP (“First Pacific”)
  
         
(d)
(18)
(i)
  
         
   
(ii)
  
         
   
(iii)
  
         
   
(iv)
  
         
   
(v)
  
         
   
(vi)
  
         
   
(vii)
  
         
   
(viii)
  
         
     
First Sentier Investors (Australia) IM LTD (formerly, Colonial First State Asset Management (Australia) Limited) (“First Sentier”)
  
         
(d)
(19)
(i)
  
         
   
(ii)
  
         
   
(iii)
  
         
   
(iv)
  
         
     
Franklin Advisers, Inc. (“Franklin Advisers”)
  
         
(d)
(20)
(i)
  
         
   
(ii)
  
         
   
(iii)
  
         
   
(iv)
  
         
   
(v)
  
         
   
(vi)
  
         
   
(vii)
  
         
(d)
(21)
(i)
  
         
   
(ii)
  
         
   
(iii)
  
         
   
(iv)
  
         
   
(v)
  
         
(d)
(22)
(i)
  
         
     
Goldman Sachs Asset Management, L.P. (“Goldman Sachs”)
  
         
(d)
(23)
(i)
  
         
   
(ii)
  
         
   
(iii)
  
         
   
(iv)
  
         
   
(v)
  
         
   
(vi)
  
         
   
(vii)
  
         
   
(viii)
  
         
   
(ix)
  
         
   
(x)
  
         
   
(xi)
  
         
   
(xii)
  
         
   
(xiii)
  
         
   
(xiv)
  
         
     
GQG Partners LLC (“GQG”)
  
         
(d)
(24)
(i)
  
         
   
(ii)
  
         
   
(iii)
  
         
     
Granahan Investment Management, Inc. (“Granahan”)
  
         
(d)
(25)
(i)
  
         
   
(ii)
  
         
     
Harris Associates L.P. (“Harris”)
  
         
(d)
(26)
(i)
  
         
   
(ii)
  
         
   
(iii)
  
         
   
(iv)
  
         
   
(v)
  
         
     
Heitman Real Estate Securities LLC (“Heitman”)
  
         
(d)
(27)
(i)
  
         
   
(ii)
  
         
     
Invesco Advisers, Inc. (“Invesco”)
  
         
(d)
(28)
(i)
  
         
   
(ii)
  
         
   
(iii)
  
         
   
(iv)
  
         
   
(v)
  
         
   
(vi)
  
         
   
(vii)
  
         
   
(viii)
  
         
   
(ix)
  
         
   
(x)
  
         
   
(xi)
  
         
   
(xii)
  
         
   
(xiii)
  
         
   
(xiv)
  
         
   
(xv)
  
         
   
(xvi)
  
         
   
(xvii)
  
         
   
(xviii)
  
         
   
(xix)
  
         
   
(xx)
  
         
     
J.P. Morgan Investment Management Inc. (“JPMorgan”)
  
         
(d)
(29)
(i)
  
         
   
(ii)
  
         
   
(iii)
  
         
   
(iv)
  
         
   
(v)
  
         
   
(vi)
  
         
   
(vii)
  
         
   
(viii)
  
         
   
(ix)
  
         
   
(x)
  
         
   
(xi)
  
         
   
(xii)
  
         
   
(xiii)
  
         
   
(xiv)
  
         
     
Kayne Anderson Rudnick Investment Management, LLC (“Kayne”)
  
         
(d)
(30)
(i)
  
         
   
(ii)
  
         
   
(iii)
  
         
   
(iv)
  
         
     
Lazard Asset Management LLC (“Lazard”)
  
         
(d)
(31)
(i)
  
         
   
(ii)
  
         
   
(iii)
  
         
   
(iv)
  
         
   
(v)
  
         
   
(vi)
  
         
   
(vii)
  
         
   
(viii)
  
         
   
(ix)
  
         
   
(x)
  
         
   
(xi)
  
         
   
(xii)
  
         
   
(xiii)
  
         
     
Loomis, Sayles & Company, L.P. (“Loomis”)
  
         
(d)
(32)
(i)
  
         
   
(ii)
  
         
   
(iii)
  
         
     
Lord, Abbett & Co. LLC (“Lord Abbett”)
  
         
(d)
(33)
(i)
  
         
     
Massachusetts Financial Services Company d/b/a MFS Investment Management (“MFS”)
  
         
(d)
(34)
(i)
  
         
   
(ii)
  
         
   
(iii)
  
         
   
(iv)
  
         
     
Mellon Investments Corporation (“Mellon”)
  
         
(d)
(35)
(i)
  
         
   
(ii)
  
         
   
(iii)
  
         
   
(iv)
  
         
   
(v)
  
         
   
(vi)
  
         
   
(vii)
  
         
   
(viii)
  
         
   
(ix)
  
         
   
(x)
  
         
   
(xi)
  
         
   
(xii)
  
         
   
(xiii)
  
         
   
(xiv)
  
         
   
(xv)
  
         
   
(xvi)
  
         
   
(xvii)
  
         
   
(xviii)
  
         
   
(xix)
  
         
   
(xx)
  
         
   
(xxi)
  
         
   
(xxii)
  
         
   
(xxiii)
  
         
   
(xxiv)
  
         
   
(xxv)
  
         
   
(xxvi)
  
         
   
(xxvii)
  
         
   
(xxviii)
  
         
   
(xxix)
  
         
     
Neuberger Berman Investment Advisers LLC (“NBIA”) (formerly, Neuberger Berman Fixed Income LLC (“NBFI”))
  
         
(d)
(36)
(i)
  
         
   
(ii)
  
         
   
(iii)
  
         
   
(iv)
  
         
   
(v)
  
         
   
(vi)
  
         
   
(vii)
  
         
     
Nuance Investments, LLC (“Nuance”)
  
         
(d)
(37)
(i)
  
         
     
Pacific Investment Management Company LLC (“PIMCO”)
  
         
(d)
(38)
(i)
  
         
   
(ii)
  
         
   
(iii)
  
         
   
(iv)
  
         
   
(v)
  
         
   
(vi)
  
         
   
(vii)
  
         
   
(viii)
  
         
   
(ix)
  
         
   
(x)
  
         
     
PPM America, Inc. (“PPM”)
  
         
(d)
(39)
(i)
  
         
   
(ii)
  
         
   
(iii)
  
         
   
(iv)
  
         
   
(v)
  
         
   
(vi)
  
         
   
(vii)
  
         
   
(viii)
  
         
   
(ix)
  
         
     
Reinhart Partners, Inc. (“Reinhart”)
  
         
(d)
(40)
(i)
  
         
     
River Road Asset Management, LLC (“River Road”)
  
         
(d)
(41)
(i)
  
         
     
T. Rowe Price Associates, Inc. (“T. Rowe Price”)
  
         
(d)
(42)
(i)
  
         
   
(ii)
  
         
   
(iii)
  
         
   
(iv)
  
         
   
(v)
  
         
   
(vi)
  
         
   
(vii)
  
         
   
(viii)
  
         
   
(ix)
  
         
   
(x)
  
         
   
(xi)
  
         
   
(xii)
  
         
   
(xiii)
  
         
   
(xiv)
  
         
   
(xv)
  
         
   
(xvi)
  
         
(d)
(43)
(i)
  
         
     
Victory Capital Management Inc. (“Victory”)
  
         
(d)
(44)
(i)
  
         
   
(ii)
  
         
   
(iii)
  
         
   
(iv)
  
         
     
WCM Investment Management, LLC (“WCM”)
  
         
(d)
(45)
(i)
  
         
   
(ii)
  
         
   
(iii)
  
         
   
(iv)
  
         
   
(v)
  
         
     
Wellington Management Company LLP (“Wellington”)
  
         
(d)
(46)
(i)
  
         
   
(ii)
  
         
   
(iii)
  
         
   
(iv)
  
         
   
(v)
  
         
   
(vi)
  
         
   
(vii)
  
         
   
(viii)
  
         
   
(ix)
  
         
   
(x)
  
         
   
(xi)
  
         
   
(xii)
  
         
   
(xiii)
  
         
     
Westchester Capital Management, LLC (“Westchester”)
  
         
(d)
(47)
(i)
  
         
   
(ii)
  
         
   
(iii)
  
         
   
(iv)
  
         
     
Western Asset Management Company, LLC (“Western”)
  
         
(d)
(48)
(i)
  
         
(e)
(1)
(i)
  
         
   
(ii)
  
         
   
(iii)
  
         
   
(iv)
  
         
   
(v)
  
         
   
(vi)
  
         
(f)
    
Not Applicable.
  
         
(g)
 (1)
(i)
  
         
   
(ii)
  
         
   
(iii)
  
         
   
(iv)
  
         
   
(v)
  
         
   
(vi)
  
         
   
(vii)
  
         
   
(viii)
  
         
   
(ix)
  
         
   
(x)
  
         
   
(xi)
  
         
   
(xii)
  
         
   
(xiii)
  
         
   
(xiv)
  
         
   
(xv)
  
         
   
(xvi)
  
         
   
(xvii)
  
         
   
(xviii)
  
         
   
(xix)
  
         
   
(xx)
  
         
   
(xxi)
  
         
   
(xxii)
  
         
   
(xxiii)
  
         
   
(xxiv)
  
         
   
(xxv)
  
         
   
(xxvi)
  
         
   
(xxvii)
  
         
   
(xxviii)
  
         
   
(xxix)
  
         
   
(xxx)
  
         
   
(xxxi)
  
         
(g)
(2)
(i)
  
         
   
(ii)
  
         
   
(iii)
  
         
   
(iv)
  
         
   
(v)
  
         
   
(vi)
  
         
   
(vii)
  
         
   
(viii)
  
         
   
(ix)
  
         
   
(x)
  
         
   
(xi)
Amendment, effective August 13, 2018, to Custody Agreement between Registrant, State Street, RICs, Cayman Entities, and PPM Funds, dated December 30, 2010.34 (This amendment adds JNL Multi-Manager Alternative Fund (Boston Partners) Ltd. and JNL/Eaton Vance Global Macro Absolute Return Advantage Fund Ltd., additional “Cayman Entities,” as parties.)
  
         
   
(xii)
  
         
   
(xiii)
  
         
   
(xiv)
Amendment, effective April 27, 2020, to Custody Agreement between Registrant, State Street, RICs, Cayman Entities, and PPM Funds, dated December 30, 2010.38 (This amendment removes JNL/Eaton Vance Global Macro Absolute Return Advantage Fund Ltd., JNL/Neuberger Berman Commodity Strategy Fund Ltd, and certain registered investment companies, as parties.)
  
         
   
(xv)
  
         
   
(xvi)
  
         
   
(xvii)
  
         
(h)
(1)
(i)
  
         
   
(ii)
  
         
   
(iii)
  
         
   
(iv)
  
         
   
(v)
  
         
   
(vi)
  
         
   
(vii)
  
         
   
(viii)
  
         
   
(ix)
  
         
   
(x)
  
         
   
(xi)
  
         
   
(xii)
  
         
   
(xiii)
  
         
   
(xiv)
  
         
   
(xv)
  
         
   
(xvi)
  
         
   
(xvii)
  
         
   
(xviii)
  
         
   
(xix)
  
         
   
(xx)
  
         
   
(xxi)
  
         
   
(xxii)
  
         
   
(xxiii)
  
         
   
(xxiv)
  
         
   
(xxv)
  
         
(h)
(2)
(i)
  
         
(h)
(3)
(i)
  
         
   
(ii)
  
         
   
(iii)
  
         
   
(iv)
  
         
   
(v)
  
         
   
(vi)
  
         
   
(vii)
  
         
(h)
(4)
(i)
  
         
   
(ii)
  
         
   
(iii)
  
         
(h)
(5)
(i)
  
         
   
(ii)
  
         
   
(iii)
  
         
(h)
(6)
(i)
  
         
   
(ii)
  
         
   
(iii)
  
         
(h)
(7)
(i)
  
         
   
(ii)
  
         
   
(iii)
  
         
   
(iv)
  
         
(h)
(8)
(i)
  
         
   
(ii)
  
         
   
(iii)
  
         
   
(iv)
  
         
   
(v)
  
         
   
(vi)
  
         
   
(vii)
  
         
   
(viii)
  
         
   
(ix)
  
         
   
(x)
  
         
   
(xi)
  
         
   
(xii)
  
         
(h)
(9)
(i)
  
         
   
(ii)
  
         
   
(iii)
  
         
   
(iv)
  
         
   
(v)
  
         
   
(vi)
  
         
   
(vii)
  
         
   
(viii)
  
         
   
(ix)
  
         
   
(x)
  
         
   
(xi)
  
         
   
(xii)
  
         
   
(xiii)
  
         
   
(xiv)
  
         
   
(xv)
  
         
   
(xvi)
  
         
   
(xvii)
  
         
(h)
(10)
(i)
  
         
(h)
(11)
(i)
  
         
   
(ii)
  
         
   
(iii)
  
         
   
(iv)
  
         
   
(v)
  
         
   
(vi)
  
         
   
(vii)
  
         
(h)
(12)
(i)
  
         
   
(ii)
  
         
   
(iii)
  
         
   
(iv)
  
         
   
(v)
  
         
   
(vi)
  
         
   
(vii)
  
         
(h)
(13)
(i)
  
         
   
(ii)
  
         
   
(iii)
  
         
   
(iv)
  
         
(h)
(14)
(i)
  
         
   
(ii)
  
         
   
(iii)
  
         
   
(iv)
  
         
(h)
(15)
(i)
  
         
   
(ii)
  
         
   
(iii)
  
         
   
(iv)
  
         
   
(v)
Amendment, effective April 27, 2020, to Participation Agreement between Jackson Variable Series Trust and iShares dated January 31, 2012.38 (This amendment adds the Registrant as a party and removes Jackson Variable Series Trust as a party.)
  
         
(h)
(16)
(i)
  
         
   
(ii)
  
         
(h)
(17)
(i)
  
         
(h)
(18)
(i)
  
         
   
(ii)
  
         
   
(iii)
  
         
   
(iv)
  
         
   
(v)
  
         
   
(vi)
  
         
   
(vii)
  
         
   
(viii)
  
         
   
(ix)
  
         
   
(x)
  
         
   
(xi)
  
         
   
(xii)
  
         
   
(xiii)
  
         
   
(xiv)
  
         
   
(xv)
  
         
   
(xvi)
  
         
(h)
(19)
(i)
  
         
   
(ii)
  
         
(h)
(20)
    
         
(i)
(1)
    
         
 
(2)
  
Opinion and Consent of Counsel regarding tax matters, attached hereto.
  
         
(j)
      
         
(k)
    
Not Applicable.
  
         
(l)
    
Not Applicable.
  
         
(m)
(1)
(i)
  
         
   
(ii)
  
         
   
(iii)
  
         
   
(iv)
  
         
   
(v)
  
         
   
(vi)
  
         
(n)
(1)
(i)
  
         
   
(ii)
  
         
   
(iii)
  
         
   
(iv)
  
         
   
(v)
  
         
   
(vi)
  
         
   
(vii)
  
         
   
(viii)
  
         
   
(ix)
  
         
   
(x)
  
         
   
(xi)
  
         
   
(xii)
  
         
   
(xiii)
  
         
   
(xiv)
  
         
(o)
    
Not Applicable
  
         
(p)
(1)
(i)
  
         
   
(ii)
  
         
(p)
(2)
    
         
(p)
(3)
    
         
(p)
(4)
    
         
(p)
(5)
    
         
(p)
(6)
    
         
(p)
(7)
    
         
(p)
(8)
    
         
(p)
(9)
    
         
(p)
(10)
    
         
(p)
(11)
    
         
(p)
(12)
    
         
(p)
(13)
    
         
(p)
(14)
    
         
(p)
(15)
    
         
(p)
(16)
    
         
(p)
(17)
    
         
(p)
(18)
    
         
(p)
(19)
    
         
(p)
(20)
    
         
(p)
(21)
    
         
(p)
(22)
    
         
(p)
(23)
    
         
(p)
(24)
    
         
(p)
(25)
    
         
(p)
(26)
    
         
(p)
(27)
    
         
(p)
(28)
    
         
(p)
(29)
    
         
(p)
(30)
    
         
(p)
(31)
    
         
(p)
(32)
    
         
(p)
(33)
    
         
(p)
(34)
    
         
(p)
(35)
    
         
(p)
(36)
    
         
(p)
(37)
    
         
(p)
(38)
    
         
(p)
(39)
    
         
(p)
(40)
    
         
(p)
(41)
  
Code of Ethics for Capital Research and Management Company, the investment adviser to American Funds Insurance Series, dated October 2020.40 (Certain feeder funds of the Registrant utilize American Funds Insurance Series master funds.)
  
         
   
1
Incorporated by reference to Registrant's Post-Effective Amendment No. 5 to its registration statement on Form N-1A (033-87244; 811-8894) (“Registration Statement”) filed with the Securities and Exchange Commission (“SEC”) on June 26, 1996.
  
2
Incorporated by reference to Registrant's Post-Effective Amendment No. 44 to its Registration Statement on Form N-1A filed with the SEC on September 18, 2006.
  
3
Incorporated by reference to Registrant's Post-Effective Amendment No. 73 to its Registration Statement on Form N-1A filed with the SEC on September 23, 2009.
  
4
Incorporated by reference to Registrant's Post-Effective Amendment No. 74 to its Registration Statement on Form N-1A filed with the SEC on December 18, 2009.
  
5
Incorporated by reference to Registrant's Post-Effective Amendment No. 78 to its Registration Statement on Form N-1A filed with the SEC on April 30, 2010.
  
6
Incorporated by reference to Registrant's Post-Effective Amendment No. 83 to its Registration Statement on Form N-1A filed with the SEC on October 8, 2010.
  
7
Incorporated by reference to Registrant's Post-Effective Amendment No. 86 to its Registration Statement on Form N-1A filed with the SEC on January 3, 2011.
  
8
Incorporated by reference to Registrant's Post-Effective Amendment No. 89 to its Registration Statement on Form N-1A filed with the SEC on April 29, 2011.
  
9
Incorporated by reference to Registrant's Post-Effective Amendment No. 95 to its Registration Statement on Form N-1A filed with the SEC on August 26, 2011.
  
10
Incorporated by reference to Registrant's Post-Effective Amendment No. 99 to its Registration Statement on Form N-1A filed with the SEC on December 9, 2011.
  
11
Incorporated by reference to Registrant's Post-Effective Amendment No. 101 to its Registration Statement on Form N-1A filed with the SEC on December 22, 2011.
  
12
Incorporated by reference to Registrant's Post-Effective Amendment No. 104 to its Registration Statement on Form N-1A filed with the SEC on April 26, 2012.
  
13
Incorporated by reference to Registrant's Post-Effective Amendment No. 106 to its Registration Statement on Form N-1A filed with the SEC on August 24, 2012.
  
14
Incorporated by reference to Registrant's Post-Effective Amendment No. 108 to its Registration Statement on Form N-1A filed with the SEC on December 19, 2012.
  
15
Incorporated by reference to Registrant's Post-Effective Amendment No. 111 to its Registration Statement on Form N-1A filed with the SEC on April 26, 2013.
  
16
Incorporated by reference to Registrant's Post-Effective Amendment No. 116 to its Registration Statement on Form N-1A filed with the SEC on September 13, 2013.
  
17
Incorporated by reference to Registrant's Post-Effective Amendment No. 118 to its Registration Statement on Form N-1A filed with the SEC on December 20, 2013.
  
18
Incorporated by reference to Registrant's Post-Effective Amendment No. 121 to its Registration Statement on Form N-1A filed with the SEC on April 25, 2014.
  
19
Incorporated by reference to Registrant's Post-Effective Amendment No. 123 to its Registration Statement on Form N-1A filed with the SEC on June 5, 2014.
  
20
Incorporated by reference to Registrant's Post-Effective Amendment No. 125 to its Registration Statement on Form N-1A filed with the SEC on September 12, 2014.
  
21
Incorporated by reference to Registrant's Post-Effective Amendment No. 127 to its Registration Statement on Form N-1A filed with the SEC on January 16, 2015.
  
22
Incorporated by reference to Registrant's Post-Effective Amendment No. 129 to its Registration Statement on Form N-1A filed with the SEC on April 24, 2015.
  
23
Incorporated by reference to Registrant's Post-Effective Amendment No. 131 to its Registration Statement on Form N-1A filed with the SEC on June 10, 2015.
  
24
Incorporated by reference to Registrant's Post-Effective Amendment No. 134 to its Registration Statement on Form N-1A filed with the SEC on September 25, 2015.
  
25
Incorporated by reference to Registrant's Post-Effective Amendment No. 136 to its Registration Statement on Form N-1A filed with the SEC on December 14, 2015.
  
26
Incorporated by reference to Registrant's Post-Effective Amendment No. 139 to its Registration Statement on Form N-1A filed with the SEC on April 22, 2016.
  
27
Incorporated by reference to Registrant's Post-Effective Amendment No. 141 to its Registration Statement on Form N-1A filed with the SEC on June 8, 2016.
  
28
Incorporated by reference to Registrant's Post-Effective Amendment No. 144 to its Registration Statement on Form N-1A filed with the SEC on September 16, 2016.
  
29
Incorporated by reference to Registrant's Post-Effective Amendment No. 146 to its Registration Statement on Form N-1A filed with the SEC on December 16, 2016.
  
30
Incorporated by reference to Registrant's Post-Effective Amendment No. 149 to its Registration Statement on Form N-1A filed with the SEC on April 21, 2017.
  
31
Incorporated by reference to Registrant's Post-Effective Amendment No. 152 to its Registration Statement on Form N-1A filed with the SEC on June 6, 2017.
  
32
Incorporated by reference to Registrant's Post-Effective Amendment No. 155 to its Registration Statement on Form N-1A filed with the SEC on September 22, 2017.
  
33
Incorporated by reference to Registrant's Post-Effective Amendment No. 157 to its Registration Statement on Form N-1A filed with the SEC on April 27, 2018.
  
34
Incorporated by reference to Registrant's Post-Effective Amendment No. 161 to its Registration Statement on Form N-1A filed with the SEC on August 10, 2018.
  
35
Incorporated by reference to Registrant's Post-Effective Amendment No. 163 to its Registration Statement on Form N-1A filed with the SEC on December 17, 2018.
  
36
Incorporated by reference to Registrant's Post-Effective Amendment No. 166 to its Registration Statement on Form N-1A filed with the SEC on April 26, 2019.
  
37
Incorporated by reference to Registrant's Post-Effective Amendment No. 168 to its Registration Statement on Form N-1A filed with the SEC on December 16, 2019.
  
38
Incorporated by reference to Registrant's Post-Effective Amendment No. 171 to its Registration Statement on Form N-1A filed with the SEC on April 23, 2020.
  
39
Incorporated by reference to Registrant's Post-Effective Amendment No. 174 to its Registration Statement on Form N-1A filed with the SEC on December 11, 2020.
  
40
Incorporated by reference to Registrant's Post-Effective Amendment No. 177 to its Registration Statement on Form N-1A filed with the SEC on April 22, 2021.
  

Item 29. Persons controlled by or under Common Control with Registrant.
 
JNL Investors Series Trust
Jackson National Separate Account I
Jackson National Separate Account III
Jackson National Separate Account IV
Jackson National Separate Account V
JNLNY Separate Account I
JNLNY Separate Account II
JNLNY Separate Account IV
PPM Funds

Item 30. Indemnification.
  
   
Amended and Restated Declaration of Trust:  Article IV of the Registrant’s Amended and Restated Declaration of Trust, as amended, provides that each of its Trustees and Officers (including persons who serve at the Registrant’s request as directors, officers or trustees of another organization in which the Registrant has any interest as a shareholder, creditor or otherwise) (each, a “Covered Person”) shall be indemnified by the Registrant against all liabilities and expenses that may be incurred by reason of being or having been such a Covered Person, except that no Covered Person shall be indemnified against any liability to the Registrant or its shareholders to which such Covered Person would otherwise be subject by reason of willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of such Covered Person’s office.
  
   
Article IV, Section 4.3 of the Registrant’s Amended and Restated Declaration of Trust, as amended, provides the following:
  
   
(a)
Subject to the exceptions and limitations contained in paragraph (b) below:
  
     
 
(i)
every person who is, or has been, a Trustee, officer, employee or agent of the Trust (including any individual who serves at its request as director, officer, partner, trustee or the like of another organization in which it has any interest as a shareholder, creditor or otherwise) shall be indemnified by the Trust, or by one or more Series thereof if the claim arises from his or her conduct with respect to only such Series (unless the Series was terminated prior to any such liability or claim being known to the Trustees, in which case such obligations, to the extent not satisfied out of the assets of a Series, the obligation shall be an obligation of the Trust), to the fullest extent permitted by law against all liability and against all expenses reasonably incurred or paid by him in connection with any claim, action, suit or proceeding in which he becomes involved as a party or otherwise by virtue of his being or having been a Trustee or officer and against amounts paid or incurred by him in the settlement thereof;
  
     
 
(ii)
the words “claim,” “action,” “suit,” or “proceeding” shall apply to all claims, actions, suits or proceedings (civil, criminal, or other, including appeals), actual or threatened; and the words “liability” and “expenses” shall include, without limitation, attorneys' fees, costs, judgments, amounts paid in settlement, fines, penalties and other liabilities.
  
     
(b)
No indemnification shall be provided hereunder to a Trustee or officer:
  
     
 
(i)
against any liability to the Trust, a Series thereof or the Shareholders by reason of willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of his office;
  
     
 
(ii)
with respect to any matter as to which he shall have been finally adjudicated not to have acted in good faith in the reasonable belief that his action was in the best interest of the Trust or a Series thereof;
  
     
 
(iii)
in the event of a settlement or other disposition not involving a final adjudication as provided in paragraph (b)(ii) resulting in a payment by a Trustee or officer, unless there has been a determination that such Trustee or officer did not engage in willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of his office:
  
     
   
(A)
by the court or other body approving the settlement or other disposition;
  
     
   
(B)
based upon a review of readily available facts (as opposed to a full trial-type inquiry) by (i) vote of a majority of the Non-interested Trustees acting on the matter (provided that a majority of the Non-interested Trustees then in office act on the matter) or (ii) written opinion of independent legal counsel; or
  
     
   
(C)
by a vote of a majority of the Shares outstanding and entitled to vote (excluding Shares owned of record or beneficially by such individual).
  
     
(c)
The rights of indemnification herein provided may be insured against by policies maintained by the Trust, shall be severable, shall not affect any other rights to which any Trustee or officer may now or hereafter be entitled, shall continue as to a person who has ceased to be such Trustee or officer and shall inure to the benefit of the heirs, executors, administrators and assigns of such a person.  Nothing contained herein shall affect any rights to indemnification to which personnel of the Trust or any Series thereof other than Trustees and officers may be entitled by contract or otherwise under law.
  
     
(d)
Expenses of preparation and presentation of a defense to any claim, action, suit or proceeding of the character described in paragraph (a) of this Section 4.3 may be advanced by the Trust or a Series thereof prior to final disposition thereof upon receipt of an undertaking by or on behalf of the recipient to repay such amount if it is ultimately determined that he is not entitled to indemnification under this Section 4.3, provided that either:
  
     
 
(i)
such undertaking is secured by a surety bond or some other appropriate security provided by the recipient, or the Trust or Series thereof shall be insured against losses arising out of any such advances; or
  
     
 
(ii)
a majority of the Non-interested Trustees acting on the matter (provided that a majority of the Non-interested Trustees act on the matter) or an independent legal counsel in a written opinion shall determine, based upon a review of readily available facts (as opposed to a full trial-type inquiry), that there is reason to believe that the recipient ultimately will be found entitled to indemnification.
  
     
As used in Section 4.3 of the Registrant’s Amended and Restated Declaration of Trust, a “Non-interested Trustee” is one who (i) is not an Interested Person of the Trust (including anyone who has been exempted from being an Interested Person by any rule, regulation or order of the Commission), and (ii) is not involved in the claim, action, suit or proceeding.
 
  
Indemnification Arrangements:  The foregoing indemnification arrangements are subject to the provisions of Section 17(h) of the Investment Company Act of 1940.
  
   
Insofar as indemnification by the Registrant for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted against the Registrant by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.
  
   
In addition to the above indemnification, Jackson National Life Insurance Company extends its indemnification of its own officers, directors and employees to cover such persons’ activities as officers, trustees or employees of the Registrant.
  

Item 31. Business and Other Connections of Investment Adviser.
  
   
Incorporated herein by reference from the Prospectus and Statement of Additional Information relating to the Trust are the following: the description of the business of JNAM contained in the section entitled “Management of the Trust” of the Prospectus, and the biographical information pertaining to Messrs. Anyah, Bouchard, Crowley, Gillespie, Rybak, Wehrle, Wood, Childs, Gorman, Harding, Koors, Lueck, O’Boyle, Nerud, and Tedeschi; and Mses. Carnahan, Engler, Woodworth, Bennett, Crosser, Leeman, Nelson, and Rhee contained in the section entitled “Trustees and Officers of the Trust” and the description of JNAM contained in the section entitled “Investment Adviser and Other Services” of the Statement of Additional Information.
  

Directors and Officers of JNAM:
  
       
NAME
ADDRESS
PRINCIPAL OCCUPATION
  
       
Lisa Benkowski
1 Corporate Way
Lansing, Michigan 48951
Assistant Vice President, Business Systems (08/20/2016 to Present).
  
       
Emily Bennett
1 Corporate Way
Lansing, Michigan 48951
Associate General Counsel (02/29/2016 to Present); and
Assistant Vice President, Legal (02/17/2018 to Present).
  
       
Eric Bjornson
1 Corporate Way
Lansing, Michigan 48951
Vice President, Operations (06/28/2014 to Present).
  
       
Richard Catts
1 Corporate Way
Lansing, Michigan 48951
Vice President (07/01/2017 to 05/01/2020).
  
       
Garett J. Childs
1 Corporate Way
Lansing, Michigan 48951
Assistant Vice President, Corporate Finance and Chief Risk Officer (08/11/2016 to 02/16/2019);
Controller (12/28/2013 to 02/19/2020); and
Vice President, Finance and Risk (02/16/2019 to Present).
  
       
Michael A. Costello
1 Corporate Way
Lansing, Michigan 48951
Managing Board Member (06/30/2016 to Present).
 
  
       
Robert Dombrower
1 Corporate Way
Lansing, Michigan 48951
Vice President (07/01/2017 to Present).
  
       
Kevin Frank
1 Corporate Way
Lansing, Michigan 48951
Assistant Vice President, Fund Operations and Accounting Policy (09/11/2018 to Present).
  
       
Mark Godfrey
1 Corporate Way
Lansing, Michigan 48951
Vice President (07/01/2017 to Present).
  
       
Richard Gorman
1 Corporate Way
Lansing, Michigan 48951
Chief Compliance Officer (08/20/2018 to Present).
Senior Vice President (08/20/2018 to Present).
  
       
William Harding
1 Corporate Way
Lansing, Michigan 48951
Senior Vice President, Chief Investment Officer (06/28/2014 to Present).
  
       
Bradley O. Harris
 
1 Corporate Way
Lansing, Michigan 48951
Managing Board Member (12/01/2015 to Present).
 
  
       
Kelli Hill
1 Corporate Way
Lansing, Michigan 48951
Vice President (07/01/2017 to Present).
  
       
Sean Hynes
1 Corporate Way
Lansing, Michigan 48951
Assistant Vice President, Investment Management (08/20/2016 to Present).
  
       
Stephanie Kueppers
1 Corporate Way
Lansing, Michigan 48951
Assistant Vice President, Sub-Adviser Oversight (08/31/2019 to Present).
  
       
Daniel W. Koors
1 Corporate Way
Lansing, Michigan 48951
Senior Vice President (01/2009 to Present); and
Chief Operating Officer (04/11/2011 to Present).
  
       
Jim McCartin
1 Corporate Way
Lansing, Michigan 48951
Vice President (09/01/2018 to Present).
  
       
P. Chad Meyers
1 Corporate Way
Lansing, Michigan 48951
Managing Board Member (05/20/2015 to Present); and
Chairman (10/15/2015 to Present).
  
       
Mia K. Nelson
1 Corporate Way
Lansing, Michigan 48951
Assistant Vice President, Tax (02/18/2017 to Present).
 
  
       
Mark D. Nerud
1 Corporate Way
Lansing, Michigan 48951
Managing Board Member (05/20/2015 to Present).
President (01/01/2007 to Present); and
Chief Executive Officer (01/01/2010 to Present).
  
       
Joseph B. O’Boyle
1 Corporate Way
Lansing, Michigan 48951
Vice President, Compliance (09/10/2015 to Present).
  
       
Alison Reed
300 Innovation Drive
Franklin, Tennessee 37067
Managing Board Member (06/30/2016 to Present).
 
  
       
Susan S. Rhee
1 Corporate Way
Lansing, Michigan 48951
Secretary (11/2000 to Present);
General Counsel (01/01/2010 to Present); and
Senior Vice President (01/01/2010 to Present).
  
       
Kristan L. Richardson
1 Corporate Way
Lansing, Michigan 48951
Assistant Secretary (06/12/2014 to Present).
  
       
Andrew Tedeschi
1 Corporate Way
Lansing, Michigan 48951
Vice President, Financial Reporting (01/28/2019 to Present).
  
       
Bryan Yates
1 Corporate Way
Lansing, Michigan 48951
Assistant Vice President, Investment Operations (08/20/2016 to Present).
  

AQR Capital Management, LLC; Baillie Gifford Overseas Limited; BlackRock International Limited.; BlackRock Investment Management, LLC; Boston Partners Global Investors, Inc.; Causeway Capital Management LLC; Champlain Investment Partners, LLC; ClearBridge Investments, LLC; Congress Asset Management Company, LLP; Cooke & Bieler, L.P.; Dimensional Fund Advisors LP; DoubleLine Capital LP; FIAM LLC; First Pacific Advisors, LP; First Sentier Investors (Australia) IM LTD; Franklin Advisers, Inc.; Franklin Templeton Institutional, LLC; Goldman Sachs Asset Management, L.P.; GQG Partners LLC; Granahan Investment Management, Inc.; Harris Associates L.P.; Heitman Real Estate Securities LLC; Invesco Advisers, Inc.; J.P. Morgan Investment Management Inc.; Kayne Anderson Rudnick Investment Management, LLC; Lazard Asset Management LLC; Loomis, Sayles & Company, L.P.; Lord, Abbett & Co. LLC; Massachusetts Financial Services Company d/b/a MFS Investment Management; Mellon Investments Corporation; Neuberger Berman Investment Advisers LLC; Nuance Investments, LLC; Pacific Investment Management Company LLC; PPM America, Inc.; Reinhart Partners, Inc.; River Road Asset Management, LLC; Templeton Global Advisors Limited; T. Rowe Price Associates, Inc.; T. Rowe Price Hong Kong Limited; Victory Capital Management Inc.; WCM Investment Management, LLC; Wellington Management Company LLP; Westchester Capital Management, LLC; and Western Asset Management Company, LLC, the sub-advisers, co-sub-advisers, and sub-sub-advisers of certain funds of the Trust, are primarily engaged in the business of rendering investment advisory services. Reference is made to the most recent Form ADV and schedules thereto on file with the Commission for a description of the names and employment of the directors and officers of the sub-advisers and sub-sub-advisers and other required information:
  

SUB-ADVISERS, CO-SUB-ADVISERS,
AND SUB-SUB-ADVISERS:
FILE NO.:
  
     
AQR Capital Management, LLC
801-55543
  
Baillie Gifford Overseas Limited
801-21051
  
BlackRock International Limited
801-51087
  
BlackRock Investment Management, LLC
801-56972
  
Boston Partners Global Investors, Inc.
801-61786
  
Causeway Capital Management LLC
801-60343
  
Champlain Investment Partners, LLC
801-63424
  
ClearBridge Investments, LLC
801-64710
  
Congress Asset Management Company, LLP
801-23386
  
Cooke & Bieler, L.P.
801-60411
  
Dimensional Fund Advisors LP
801-16283
  
DoubleLine Capital LP
801-70942
  
FIAM LLC
801-63658
  
First Pacific Advisors, LP
801-67160
  
First Sentier Investors (Australia) IM LTD
801-73006
  
Franklin Advisers, Inc.
801-26292
  
Franklin Templeton Institutional, LLC
801-60684
  
Goldman Sachs Asset Management, L.P.
801-37591
  
GQG Partners LLC
801-107734
  
Granahan Investment Management, Inc.
801-23705
  
Harris Associates L.P.
801-50333
  
Heitman Real Estate Securities LLC
801-48252
  
Invesco Advisers, Inc.
801-33949
  
J.P. Morgan Investment Management Inc.
801-21011
  
Kayne Anderson Rudnick Investment Management, LLC
801-24241
  
Lazard Asset Management LLC
801-61701
  
Loomis, Sayles & Company, L.P.
801-170
  
Lord, Abbett & Co. LLC
801-6997
  
Massachusetts Financial Services Company d/b/a MFS Investment Management
801-17352
  
Mellon Investments Corporation
801-19785
  
Neuberger Berman Investment Advisers LLC
801-61757
  
Nuance Investments, LLC
801-69682
  
Pacific Investment Management Company LLC
801-48187
  
PPM America, Inc.
801-40783
  
Reinhart Partners, Inc.
801-40278
  
River Road Asset Management, LLC
801-64175
  
Templeton Global Advisors Limited
801-42343
  
T. Rowe Price Associates, Inc.
801-856
  
T. Rowe Price Hong Kong Limited
801-72035
  
Victory Capital Management Inc.
801-46878
  
WCM Investment Management, LLC
801-11916
  
Wellington Management Company LLP
801-15908
  
Westchester Capital Management, LLC
801-72002
  
Western Asset Management Company, LLC
801-8162
  

Item 32. Principal Underwriters.
  
     
(a)
JNLD acts as general distributor for the Registrant. JNLD also acts as general distributor for the Jackson National Separate Account I, the Jackson National Separate Account III, the Jackson National Separate Account IV, the Jackson National Separate Account V, the JNLNY Separate Account I, the JNLNY Separate Account II, the JNLNY Separate Account IV, JNL Investors Series Trust, and PPM Funds.
  
     
(b)
Directors and Officers of JNLD:
  

NAME AND
BUSINESS ADDRESS:
POSITIONS AND OFFICERS
WITH UNDERWRITER:
POSITIONS AND
OFFICES WITH FUND
  
       
Aimee DeCamillo
300 Innovation Drive
Franklin TN, 37067
Manager, President and Chief Executive Officer
N/A
  
       
Scott Romine
300 Innovation Drive
Franklin TN, 37067
President of Advisory Solutions
N/A
  
       
Laura L. Prieskorn
1 Corporate Way
Lansing, MI 48951
Chairman
N/A
  
       
Steve P. Binioris
1 Corporate Way
Lansing, MI 48951
Manager
N/A
  
       
Bradley O. Harris
300 Innovation Drive
Franklin TN, 37067
Manager
N/A
  
       
Scott Golde
1 Corporate Way
Lansing, MI 48951
General Counsel
N/A
  
       
Alison Reed
300 Innovation Drive
Franklin TN, 37067
Executive Vice President, Operations
 
 
N/A
  
       
Marc Socol
300 Innovation Drive
Franklin TN, 37067
Executive Vice President, National Sales Manager
N/A
  
       
Bryan Wilhelm
300 Innovation Drive
Franklin TN, 37067
Executive Vice President
N/A
  
       
Bill Burrow
300 Innovation Drive
Franklin TN, 37067
Senior Vice President
N/A
  
       
Dana Rene Malesky Flegler
1 Corporate Way
Lansing, MI 48951
Senior Vice President
N/A
  
       
Ashley S. Golson
300 Innovation Drive
Franklin TN, 37067
Senior Vice President
N/A
  
       
Elizabeth Griffith
300 Innovation Drive
Franklin TN, 37067
Senior Vice President
N/A
  
       
Aileen Herndon
300 Innovation Drive
Franklin TN, 37067
Senior Vice President
N/A
  
       
Julie Hughes
1 Corporate Way
Lansing, MI 48951
Senior Vice President
N/A
  
       
Heidi Kaiser
300 Innovation Drive
Franklin TN, 37067
Senior Vice President and Chief Compliance Officer
N/A
  
       
Greg Masucci
300 Innovation Drive
Franklin TN, 37067
Senior Vice President
N/A
  
       
Tim Munsie
300 Innovation Drive
Franklin TN, 37067
Senior Vice President
N/A
  
       
Brian Sward
300 Innovation Drive
Franklin TN, 37067
Senior Vice President
N/A
  
       
Ty Anderson
300 Innovation Drive
Franklin TN, 37067
Vice President
N/A
  
       
J. Edward Branstetter, Jr.
300 Innovation Drive
Franklin TN, 37067
Vice President
N/A
  
       
Lauren Caputo
300 Innovation Drive
Franklin TN, 37067
Vice President
N/A
  
       
Michelle Carroll
300 Innovation Drive
Franklin TN, 37067
Vice President
N/A
  
       
Court Chynces
300 Innovation Drive
Franklin TN, 37067
Vice President
N/A
  
       
Bill Dixon
300 Innovation Drive
Franklin TN, 37067
Vice President
N/A
  
       
Heather Fitzgerald
300 Innovation Drive
Franklin TN, 37067
Vice President
N/A
  
       
Thomas Hurley
300 Innovation Drive
Franklin TN, 37067
Vice President
N/A
  
       
Matt Lemieux
300 Innovation Drive
Franklin TN, 37067
Vice President
N/A
  
       
Kristine Lowry
300 Innovation Drive
Franklin TN, 37067
Vice President, FinOp and Controller
N/A
  
       
Joseph Patracuollo
300 Innovation Drive
Franklin TN, 37067
Vice President
N/A
  
       
Kimberly Plyer
300 Innovation Drive
Franklin TN, 37067
Vice President
N/A
  
       
Ryan Riggen
300 Innovation Drive
Franklin TN, 37067
Vice President
N/A
  
       
David Russell
300 Innovation Drive
Franklin TN, 37067
Vice President
N/A
  
       
Daniel Starishevsky
300 Innovation Drive
Franklin TN, 37067
Vice President
N/A
  
       
Michael Story
1 Corporate Way
Lansing, MI 48951
Vice President
N/A
  
       
Jeremy Swartz
300 Innovation Drive
Franklin TN, 37067
Vice President
N/A
  
       
Kendall Wetzel
300 Innovation Drive
Franklin TN, 37067
Vice President
N/A
  
       
Sutton White
300 Innovation Drive
Franklin TN, 37067
Vice President
N/A
  
       
Myles Womack
300 Innovation Drive
Franklin TN, 37067
Vice President
N/A
  
       
Yesenia Akright
300 Innovation Drive
Franklin TN, 37067
Assistant Vice President
N/A
  
       
Lisa Backens
300 Innovation Drive
Franklin TN, 37067
Assistant Vice President
N/A
  
       
Chris Bogren
300 Innovation Drive
Franklin TN, 37067
Assistant Vice President
N/A
  
       
Annabel Chynces
300 Innovation Drive
Franklin TN, 37067
Assistant Vice President
N/A
  
       
Christopher Ciavarra
300 Innovation Drive
Franklin TN, 37067
Assistant Vice President
N/A
  
       
Ben Edwards
300 Innovation Drive
Franklin TN, 37067
Assistant Vice President
N/A
  
       
Paul Hardy
300 Innovation Drive
Franklin TN, 37067
Assistant Vice President
N/A
  
       
Tom Laws
300 Innovation Drive
Franklin TN, 37067
Assistant Vice President
N/A
  
       
Heather Mayes
300 Innovation Drive
Franklin TN, 37067
Assistant Vice President
N/A
  
       
Julie Muckleroy
300 Innovation Drive
Franklin TN, 37067
Assistant Vice President
N/A
  
       
Kevin Nuttall
300 Innovation Drive
Franklin TN, 37067
Assistant Vice President
N/A
  
       
Kim Pfenning
300 Innovation Drive
Franklin TN, 37067
Assistant Vice President
N/A
  
       
Sam Rosenbrock
300 Innovation Drive
Franklin TN, 37067
Assistant Vice President
N/A
  
       
Molly Stevens
300 Innovation Drive
Franklin TN, 37067
Assistant Vice President
N/A
  
       
Jeffrey Toerne
300 Innovation Drive
Franklin TN, 37067
Assistant Vice President
N/A
  
       
Sharon Wilson
300 Innovation Drive
Franklin TN, 37067
Assistant Vice President
N/A
  
       
Phil Wright
300 Innovation Drive
Franklin TN, 37067
Assistant Vice President
N/A
  
       
Kristan L. Richardson
1 Corporate Way
Lansing, MI 48951
Secretary
N/A
  
       
Amanda Jenkins
1 Corporate Way
Lansing, MI 48951
Assistant Secretary
N/A
  

(c)
The Funds have no principal underwriter who is not an affiliated person of the Funds or an affiliated person of such person.
  

Item 33. Location of Accounts and Records
  
   
The accounts and records of the Registrant are located at the offices of the Registrant at 1 Corporate Way, Lansing, Michigan 48951, at 225 West Wacker Drive, Suite 1200, Chicago, Illinois 60606, and at the following locations:
  
   
Office of the Administrator
1 Corporate Way,
Lansing, Michigan 48951
  
   
Office of the Custodian:
JPMorgan Chase Bank, N.A.
270 Park Avenue,
New York, New York 10017
  
   
Office of the Custodian:
State Street Bank and Trust Company
200 Newport Avenue, Josiah Quincy Building – Floor 5
North Quincy, Massachusetts 02171
  
   
AQR Capital Management, LLC
 
Two Greenwich Plaza,
Greenwich, Connecticut 06830
  
   
Baillie Gifford Overseas Limited
Calton Square 1 Greenside Row,
Edinburgh, EH1 3AN
  
   
BlackRock International Limited
Exchange Place One,
1 Semple Street,
Edinburgh, EH3 8BL
  
   
BlackRock Investment Management, LLC
 
55 East 52nd Street,
New York, New York 10055
  
   
Boston Partners Global Investors, Inc.
909 Third Avenue, 32nd Floor,
New York, New York 10022
  
   
Causeway Capital Management LLC
 
11111 Santa Monica Boulevard, 15th Floor,
Los Angeles, California 90025
  
   
Champlain Investment Partners, LLC
180 Battery Street, Suite 400,
Burlington, Vermont 05401
  
   
ClearBridge Investments, LLC
620 8th Avenue,
New York, New York 10018
  
   
Congress Asset Management Company, LLP
 
2 Seaport Lane,
Boston, Massachusetts 02210-2001
  
   
Cooke & Bieler, L.P.
 
Two Commerce Square
2001 Market Street, Suite 4000,
Philadelphia, Pennsylvania 19103
  
   
Dimensional Fund Advisors LP
 
6300 Bee Cave Road, Building One,
Austin, Texas 78746
  
   
DoubleLine Capital LP
 
505 N. Brand Boulevard, Suite 860,
Glendale, California 91203
  
   
FIAM LLC
900 Salem Street, Smithfield,
Rhode Island 02917
  
   
First Pacific Advisors, LP
 
11400 West Olympic Boulevard, Suite 1200,
Los Angeles, California 90064
  
   
First Sentier Investors (Australia) IM LTD
Level 5, Tower 3, International Towers
300 Barangaroo Avenue,
Barangaroo, NSW 2000 Australia
  
   
Franklin Advisers, Inc.
 
One Franklin Parkway,
San Mateo, California 94403
  
   
Franklin Templeton Institutional, LLC
 
600 Fifth Avenue,
New York, New York 10020
  
   
Goldman Sachs Asset Management, L.P.
 
200 West Street,
New York, New York, 10282
  
   
GQG Partners, LLC
 
350 East Las Olas Boulevard, Suite 1100,
Fort Lauderdale, Florida 33301
  
   
Granahan Investment Management, Inc.
 
404 Wyman Street, Suite 460,
Waltham, Massachusetts 02451
  
   
Harris Associates L.P.
 
111 South Wacker Drive, Suite 4699,
Chicago, Illinois 60606
  
   
Heitman Real Estate Securities LLC
191 North Wacker Drive, Suite 2500,
Chicago, Illinois 60606-1615
  
   
Invesco Advisers, Inc.
 
1555 Peachtree, N.E.,
Atlanta, Georgia 30309
  
   
J.P. Morgan Investment Management Inc.
 
270 Park Avenue,
New York, New York 10017
  
   
Kayne Anderson Rudnick Investment Management, LLC
1800 Avenue of the Stars,
Los Angeles, California 90067
  
   
Lazard Asset Management LLC
 
30 Rockefeller Plaza,
New York, New York 10112
  
   
Loomis, Sayles & Company, L.P.
 
One Financial Center,
Boston, Massachusetts 02111-2621
  
   
Lord, Abbett & Co. LLC
 
90 Hudson Street,
Jersey City, NJ 07302-3973
  
   
Massachusetts Financial Services Company
d/b/a MFS Investment Management
111 Huntington Avenue,
Boston, Massachusetts 02199-7618
  
   
Mellon Investments Corporation
 
201 Washington Street,
Boston, Massachusetts 02108
  
   
Neuberger Berman Investment Advisers LLC
190 South LaSalle Street, Suite 2400,
Chicago, Illinois 60603
  
   
Nuance Investments, LLC
4900 Main Street, Suite 220,
Kansas City, Missouri 64112
  
   
Pacific Investment Management Company LLC
840 Newport Center Drive,
Newport Beach, California 92660
  
   
PPM America, Inc.
225 West Wacker Drive, Suite 1200,
Chicago, Illinois 60606
  
   
Reinhart Partners, Inc.
1500 West Market Street, Suite 100,
Mequon, Wisconsin 53092
  
   
River Road Asset Management, LLC
462 South Fourth Street, Suite 2000
Louisville, Kentucky 40202-3466
  
   
Templeton Global Advisors Limited
 
Lyford Cay,
Nassau, Bahamas
  
   
T. Rowe Price Associates, Inc.
 
100 East Pratt Street,
Baltimore, Maryland 21202
  
   
T. Rowe Price Hong Kong Limited
6/F Chater House 8 Connaught Place,
Central Hong Kong
  
   
Victory Capital Management Inc.
4900 Tiedman Road, 4th Floor,
Brooklyn, Ohio 44144-1226
  
   
WCM Investment Management, LLC
 
281 Brooks Street,
Laguna Beach, California 92651-2974
  
   
Wellington Management Company LLP
 
280 Congress Street,
Boston, Massachusetts 02210
  
   
Westchester Capital Management, LLC
 
100 Summit Lake Drive,
Valhalla, New York 10595
  
   
Western Asset Management Company, LLC
 
385 East Colorado Boulevard,
Pasadena, California 91101
  
   

Item 34. Management Services.
  
   
Not Applicable.
  

Item 35. Undertakings.
  
   
Not Applicable.
  

SIGNATURES
  
   
Pursuant to the requirements of the Securities Act and the Investment Company Act, the Trust certifies that it meets all of the requirements for effectiveness of this Post-Effective Amendment under rule 485(b) under the Securities Act and has duly caused this Post-Effective Amendment No. 178 to be signed on its behalf by the undersigned, duly authorized, in the City of Lansing and the State of Michigan on the 14th day of May, 2021.
  
   
   
JNL SERIES TRUST
  
   
/s/ Emily J. Bennett
  
Emily J. Bennett
  
Assistant Secretary
  
   
Pursuant to the requirements of the Securities Act, this Post-Effective Amendment has been signed below by the following persons in the capacities and on the date indicated.
  
   
   
/s/ Emily J. Bennett *
May 14, 2021
  
Eric O. Anyah
    
Trustee
    
   
/s/ Emily J. Bennett *
May 14, 2021
  
Michael Bouchard
    
Trustee
    
   
/s/ Emily J. Bennett *
May 14, 2021
  
Ellen Carnahan
    
Trustee
    
   
/s/ Emily J. Bennett *
May 14, 2021
  
William Crowley
    
Trustee
    
   
/s/ Emily J. Bennett *
May 14, 2021
  
Michelle Engler
    
Trustee
    
   
/s/ Emily J. Bennett *
May 14, 2021
  
John W. Gillespie
    
Trustee
    
   
/s/ Emily J. Bennett *
May 14, 2021
  
William R. Rybak
    
Trustee
    
   
/s/ Emily J. Bennett *
May 14, 2021
  
Mark S. Wehrle
    
Trustee
    
   
/s/ Emily J. Bennett *
May 14, 2021
  
Edward C. Wood
    
Trustee
    
   
/s/ Emily J. Bennett *
May 14, 2021
  
Patricia A. Woodworth
    
Trustee
    
   
/s/ Emily J. Bennett *
May 14, 2021
  
Mark D. Nerud
    
Trustee, President and Chief Executive Officer (Principal Executive Officer)
    
   
/s/ Emily J. Bennett *
May 14, 2021
  
Andrew Tedeschi
    
Treasurer and Chief Financial Officer (Principal Financial Officer)
    
   
 
* By Emily J. Bennett, Attorney In Fact
    


SIGNATURES
  
   
Pursuant to the requirements of the Securities Act and the Investment Company Act, JNL Multi-Manager Alternative Fund (Boston Partners) Ltd. certifies that it meets all of the requirements for effectiveness of this Post-Effective Amendment under rule 485(b) under the Securities Act and has duly caused this Post-Effective Amendment No. 178 to be signed on its behalf by the undersigned, duly authorized, in the City of Lansing and the State of Michigan on the 14th day of May, 2021.
  
   
   
JNL MULTI-MANAGER ALTERNATIVE FUND (BOSTON PARTNERS) LTD.
  
   
/s/ Susan S. Rhee *
  
Mark D. Nerud
  
Director of JNL Multi-Manager Alternative Fund (Boston Partners) Ltd.
  
   
This Registration Statement of JNL Series Trust, with respect only to information that specifically relates to the JNL Multi-Manager Alternative Fund (Boston Partners) Ltd., has been signed below by the following persons in the capacities on the dates indicated:
  
   
   
   
/s/ Susan S. Rhee *
May 14, 2021
  
Daniel W. Koors
    
Director of JNL Multi-Manager Alternative Fund (Boston Partners) Ltd.
    
   
   
/s/ Susan S. Rhee *
May 14, 2021
  
Mark D. Nerud
    
Director of JNL Multi-Manager Alternative Fund (Boston Partners) Ltd.
    
   
   
* By Susan S. Rhee, Attorney In Fact
    

POWER OF ATTORNEY
  
   
KNOW ALL MEN BY THESE PRESENTS, that each of the undersigned as trustees of JNL SERIES TRUST (33-87244), a Massachusetts business trust, which has filed or will file with the Securities and Exchange Commission under the provisions of the Securities Act of 1933 and Investment Company Act of 1940, as amended, various Registration Statements and amendments thereto for the registration under said Acts of the sale of shares of beneficial interest of JNL Series Trust, hereby constitute and appoint Susan S. Rhee and Emily J. Bennett, his/her attorney, with full power of substitution and re-substitution, for and in his name, place and stead, in any and all capacities to approve and sign such Registration Statements and any and all amendments thereto and to file the same, with all exhibits thereto and other documents, granting unto said attorneys, each of them, full power and authority to do and perform all and every act and thing requisite to all intents and purposes as he might or could do in person, hereby ratifying and confirming that which said attorneys, or any of them, may lawfully do or cause to be done by virtue hereof.  This instrument may be executed in one or more counterparts.
  
   
IN WITNESS WHEREOF, the undersigned have herewith set their names as of the dates set forth below.
  
     
/s/ Eric O. Anyah
January 1, 2021
  
Eric O. Anyah
    
Trustee
    
     
/s/ Michael J. Bouchard
January 1, 2021
  
Michael J. Bouchard
    
Trustee
    
     
/s/ Ellen Carnahan
January 1, 2021
  
Ellen Carnahan
    
Trustee
    
     
/s/ William J. Crowley, Jr.
January 1, 2021
  
William J. Crowley, Jr.
    
Trustee
    
     
/s/ Michelle Engler
January 1, 2021
  
Michelle Engler
    
Trustee
    
     
/s/ John W. Gillespie
January 1, 2021
  
John W. Gillespie
    
Trustee
    
     
/s/ William R. Rybak
January 1, 2021
  
William R. Rybak
    
Trustee
    
     
/s/ Mark S. Wehrle
January 1, 2021
  
William R. Rybak
    
Trustee
    
     
/s/ Edward C. Wood
January 1, 2021
  
Edward C. Wood
    
Trustee
    
     
/s/ Patricia A. Woodworth
January 1, 2021
  
Patricia A. Woodworth
    
Trustee
    
     
/s/ Mark D. Nerud
January 1, 2021
  
Mark D. Nerud
    
Trustee, President and Chief Executive Officer (Principal Executive Officer)
    
   
/s/ Andrew Tedeschi
January 1, 2021
  
Andrew Tedeschi
    
Treasurer and Chief Financial Officer (Principal Financial Officer)
    
     

POWER OF ATTORNEY
  
   
KNOW ALL MEN BY THESE PRESENTS, that each of the undersigned as directors of JNL MULTI-MANAGER ALTERNATIVE FUND (BOSTON PARTNERS) LTD., a subsidiary of the JNL Multi-Manager Alternative Fund, a fund of the JNL Series Trust (33-87244), a Massachusetts business trust, which has filed or will file with the Securities and Exchange Commission under the provisions of the Securities Act of 1933 and Investment Company Act of 1940, as amended, various Registration Statements and amendments thereto for the registration under said Acts of the sale of shares of beneficial interest of JNL Series Trust, hereby constitute and appoint Susan S. Rhee and Mark D. Nerud, his attorney, with full power of substitution and resubstitution, for and in his name, place and stead, in any and all capacities to approve and sign such Registration Statements and any and all amendments thereto and to file the same, with all exhibits thereto and other documents, granting unto said attorneys, each of them, full power and authority to do and perform all and every act and thing requisite to all intents and purposes as he might or could do in person, hereby ratifying and confirming that which said attorneys, or any of them, may lawfully do or cause to be done by virtue hereof.  This instrument may be executed in one or more counterparts.
  
   
IN WITNESS WHEREOF, the undersigned have herewith set their names as of the dates set forth below.
  
     
/s/ Mark D. Nerud
August 6, 2018
  
Mark D. Nerud
    
     
/s/ Daniel W. Koors
August 6, 2018
  
Daniel W. Koors
    
     

EXHIBIT LIST
  
         
Exhibit
Number 28
Exhibit
Description
  
         
(i)
(2)
  
Opinion and Consent of Counsel regarding tax matters, attached hereto as EX 99.28(i)(2).
  
         







 
ROPES & GRAY LLP
PRUDENTIAL TOWER
800 BOYLSTON STREET
BOSTON, MA 02199-3600
WWW.ROPESGRAY.COM
 

April 26, 2021

Each Fund Listed as a JNLST Feeder Fund or JNLST Master Fund on Schedule A
JNL Series Trust
1 Corporate Way
Lansing, Michigan 48951

Ladies and Gentlemen:

We have acted as counsel in connection with the Plans of Reorganization (each, a “Plan”), each dated April 22, 2021 and effective April 26, 2021, between JNL Series Trust, a Massachusetts business trust (“JNLST”) on behalf of the applicable series listed on Schedule A as a JNLST Feeder Fund and JNLST on behalf of the corresponding series listed on the attached Schedule A as a JNLST Master Fund.  Each series of JNLST listed on Schedule A is referred to as a “Fund” and collectively as the “Funds.”
Each Plan describes a proposed transaction (each, a “Reorganization”) to occur as of 8:59 a.m. Eastern time on the date of this letter (the “Closing Date”), pursuant to which the applicable JNLST Master Fund will acquire all of the assets of the corresponding JNLST Feeder Fund in exchange for shares of beneficial interest in JNLST Master Fund (the “Master Fund Shares”) and the assumption by JNLST Master Fund of all of the liabilities of JNLST Feeder Fund.  In respect of each Reorganization, this opinion as to certain U.S. federal income tax consequences of the Reorganization is furnished to you pursuant to the Plan.  Capitalized terms not defined herein are used herein as defined in the Plan.
Each Fund serves as a funding vehicle for variable annuity contracts and/or variable life insurance contracts (the “Contracts”) offered by certain insurance companies (each, and “Insurance Company”).  Each Insurance Company establishes separate accounts (the “Separate Accounts”) that in turn purchase shares of the Funds in order to fund the Insurance Company's obligations to the holders of the Contracts (“Contract Owners”) under Contracts.
For purposes of this opinion, we have considered the Plan, the most recently filed prospectus for each Fund (collectively, the “Prospectuses”), and such other items as we have deemed necessary to render this opinion.  In addition, with respect to each Reorganization, each Fund, Jackson National Asset Management, LLC, Jackson National Life Insurance Company (“Jackson”) and Jackson National Life Insurance Company of New York (“Jackson-NY”) has provided us with a letter dated as of the date hereof (collectively, the “Representation Letters”) representing as to certain facts, occurrences and information upon which each Fund has indicated that we may rely in rendering this opinion (whether or not contained or reflected in the documents and items referred to above).
In reviewing the foregoing materials, we have assumed, with your permission, the authenticity of original documents, the accuracy of copies, the genuineness of signatures, the legal capacity of signatories, and the proper execution of documents.  We have further assumed that (i) all parties to the Plan and any other documents examined by us have acted, and will act, in accordance with the terms of such Plan and documents, and that the Reorganization will be consummated pursuant to the terms and conditions set forth in the Plan without the waiver or modification of any such terms and conditions; and (ii) all representations contained in the Plan, as well as those representations contained in the Representation Letters, are true and complete.
Each of Jackson and Jackson-NY has represented, among other representations, that each Contract issued or administered by such Insurance Company is treated as a “variable contract” within the meaning of Section 817(d) of the Internal Revenue Code of 1986, as amended (the “Code”).
Based on and subject to the foregoing and subject to the final paragraphs hereof, we are of the opinion that, with respect to each Reorganization, for U.S. federal income tax purposes, the Contract Owners will not recognize any taxable income, gain or loss as a result of the Reorganization.
No ruling has been or will be obtained from the IRS as to the subject matter of this opinion and there can be no assurance that the IRS or a court of law will concur with the opinion set forth above.  Our opinion is based on the Code, Treasury Regulations, IRS rulings, judicial decisions, and other applicable authority, all as in effect on the date of this opinion.  The legal authorities on which this opinion is based may be changed at any time.  Any such changes may be retroactively applied and could modify the opinions expressed above.

Very truly yours,

/s/ Ropes & Gray LLP

Ropes & Gray LLP


SCHEDULE A



JNLST Feeder Fund
JNLST Master Fund
JNL/Mellon Bond Index Fund
JNL Bond Index Fund
JNL/Mellon Small Cap Index Fund
JNL Small Cap Index Fund
JNL/Mellon S&P 400 MidCap Index Fund
JNL Mid Cap Index Fund
JNL/Mellon International Index Fund
JNL International Index Fund
JNL/Mellon Emerging Markets Index Fund
JNL Emerging Markets Index Fund


*A JNLST Feeder Fund and JNLST Master Fund are “corresponding” if they are listed in the same row.

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