EX 99.28(g)(1)(iv)

Amendment to Master Custodian Agreement

This Amendment, effective as of September 28, 2015, to the Master Custodian Agreement dated as of December 30, 2010, (as amended, restated, supplemented or otherwise modified and in effect from time to time, the “Agreement”) is by and among each management investment company, and each Cayman Islands entity identified on Appendix A attached thereto (each a “Fund” and collectively “Funds”), and State Street Bank and Trust Company, a Massachusetts trust company (the “Custodian”).

Whereas, each Fund’s portfolio of assets (each an “Account”) is segregated and separately managed;

Whereas, the Custodian and the Funds have entered into the Agreement by which the Custodian provides certain custodial services relating to securities and other assets of each Fund in each Account; and

Whereas, the following new fund, fund name changes, Cayman Islands entity name change, and fund merger (collectively, “Fund Changes”) have been approved by the Board of Trustees of the JNL Series Trust, the Board of Managers of JNL Variable Fund LLC, and/or by the Board of Directors of JNL/AllianceBernstein Dynamic Asset Allocation Fund Ltd.:

New JNL Series Trust Fund

- JNL/DoubleLine Shiller Enhanced CAPE Fund;

JNL Series Trust Fund Name Changes:

- JNL/JPMorgan International Value Fund to JNL/Causeway International Value Select Fund;

- JNL/AllianceBernstein Dynamic Asset Allocation Fund to JNL/AB Dynamic Asset Allocation Fund;

Cayman Islands Entity Name Change:

- JNL/AllianceBernstein Dynamic Asset Allocation Fund Ltd. to JNL/AB Dynamic Asset Allocation Fund Ltd.;

JNL Variable Fund LLC Fund Merger:

JNL/Mellon Capital 25 Fund of JNL Variable Fund LLC into JNL/S&P 4 Fund of JNL Series Trust; and

JNL Variable Fund LLC Fund Name Change:

JNL/Mellon Capital Global 15 Fund to JNL/Mellon Capital Global 30 Fund.

Whereas, pursuant to the approval of the Fund Changes, as outlined above, the parties have agreed to amend Appendix A of the Agreement to:

- add the JNL/DoubleLine Shiller Enhanced CAPE Fund;

- update the fund names for the three funds, as outlined above;

- update the Cayman Islands entity name, as outlined above; and

- remove the JNL/Mellon Capital 25 Fund.

Now, Therefore, in consideration of the premises and mutual covenants herein contained, the parties hereto agree as follows:

1. The first paragraph of the Agreement is hereby deleted and replaced with the following:

This Agreement is made as of December 30, 2010 by and among each management investment company, each management investment company made subject to this Agreement in accordance with Section 20.5 below, and each Cayman Islands entity identified on Appendix A thereto (each a “Fund” and collectively “Funds”), and State Street Bank and Trust Company, a Massachusetts trust company (the “Custodian”).

2. Appendix A to the Agreement is hereby deleted and replaced in its entirety with Appendix A dated September 28, 2015, attached hereto.

3. Except as specifically amended hereby, all other terms and conditions of the Agreement shall remain in full force and effect.

4. This Amendment may be executed in several counterparts, each of which shall be deemed to be an original, and all such counterparts taken together shall constitute one and the same instrument. Counterparts may be executed in either original or electronically transmitted form (e.g., faxes or emailed portable document format (PDF) form), and the parties hereby adopt as original any signatures received via electronically transmitted form.

[Remainder of page intentionally left blank.]

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In Witness Whereof, the parties hereto have caused this Agreement to be executed by their officers designated below as of this 8th day of September 2015, effective September 28, 2015.

JNL Series Trust

JNL Investors Series Trust

JNL Strategic Income Fund LLC

JNL Variable Fund LLC

Jackson Variable Series Trust

JNL/AB Dynamic Asset Allocation Fund Ltd.

JNL/Neuberger Berman Risk Balanced Commodity Strategy Fund Ltd.

By:	/s/ Kelly L. Crosser
Name:	Kelly L. Crosser
Title:	Assistant Secretary

State Street Bank And Trust Company

By:	/s/ Gunjan Kedia
Name:	Gunjan Kedia
Title:	Executive Vice President

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Appendix A

to

Master Custodian Agreement

(Last Updated as of September 28, 2015)

JNL Series Trust

JNL Multi-Manager Alternative Fund

JNL/AB Dynamic Asset Allocation Fund

JNL/Boston Partners Global Long Short Equity Fund

JNL/Causeway International Value Select Fund

JNL/DFA U.S. Core Equity Fund

JNL/DoubleLine Shiller Enhanced CAPE Fund

JNL/Goldman Sachs Core Plus Bond Fund

JNL/Goldman Sachs Emerging Markets Debt Fund

JNL/Goldman Sachs Mid Cap Value Fund

JNL/Goldman Sachs U.S. Equity Flex Fund

JNL/Harris Oakmark Global Equity Fund

JNL/Invesco Global Real Estate Fund

JNL/Invesco International Growth Fund

JNL/Invesco Large Cap Growth Fund

JNL/Invesco Mid Cap Value Fund

JNL/Invesco Small Cap Growth Fund

JNL/JPMorgan Midcap Growth Fund

JNL/JPMorgan U.S. Government & Quality Bond Fund

JNL/Lazard Emerging Markets Fund

JNL/Mellon Capital European 30 Fund

JNL/Mellon Capital Pacific Rim 30 Fund

JNL/Morgan Stanley Mid Cap Growth Fund

JNL/Neuberger Berman Strategic Income Fund

JNL/Oppenheimer Emerging Markets Innovator Fund

JNL/Oppenheimer Global Growth Fund

JNL/PPM America Floating Rate Income Fund

JNL/PPM America High Yield Bond Fund

JNL/PPM America Mid Cap Value Fund

JNL/PPM America Small Cap Value Fund

JNL/PPM America Value Equity Fund

JNL/T. Rowe Price Established Growth Fund

JNL/T. Rowe Price Mid-Cap Growth Fund

JNL/T. Rowe Price Short-Term Bond Fund

JNL/T. Rowe Price Value Fund

JNL/Westchester Capital Event Driven Fund

JNL Investors Series Trust

JNL/PPM America Low Duration Bond Fund

JNL/PPM America Total Return Fund

JNL Strategic Income Fund LLC

JNL/PPM America Strategic Income Fund

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JNL Variable Fund LLC

JNL/Mellon Capital Global 30 Fund

JNL/Mellon Capital JNL 5 Fund

JNL/Mellon Capital Nasdaq® 25 Fund

JNL/Mellon Capital S&P® 24 Fund

JNL/Mellon Capital S&P® SMid 60 Fund

Jackson Variable Series Trust

JNL/DFA U.S. Micro Cap Fund

JNL/DoubleLine Total Return Fund

JNL/Eaton Vance Global Macro Absolute Return Advantage Fund

JNL/Lazard International Strategic Equity Fund

JNL/Neuberger Berman Currency Fund

JNL/Neuberger Berman Risk Balanced Commodity Strategy Fund

JNL/Nicholas Convertible Arbitrage Fund

JNL/PPM America Long Short Credit Fund

JNL/T. Rowe Price Capital Appreciation Fund

Cayman Islands Entities:

JNL/AB Dynamic Asset Allocation Fund Ltd.

JNL/Neuberger Berman Risk Balanced Commodity Strategy Fund Ltd.

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