Amendment to Investment Sub-Advisory Agreement among Jackson National Asset Management, LLC, BNY Mellon Asset Management North America Corporation

EX. 99.28(d)(16)(xi)

Amendment to

Investment Sub-Advisory Agreement among

Xxxxxxx National Asset Management, LLC,

BNY Mellon Asset Management North America Corporation

(formerly Mellon Capital Management Corporation),

and Xxxxxxx Variable Series Trust

This Amendment is made by and among Xxxxxxx National Asset Management, LLC, a Michigan limited liability company and registered investment adviser (the “Adviser”), BNY Mellon Asset Management North America Corporation (formerly Mellon Capital Management Corporation), a corporation organized under the laws of Delaware and registered investment adviser (the “Sub-Adviser”), and Xxxxxxx Variable Series Trust, a Massachusetts business trust (the “Trust”).

Whereas, the Adviser, the Sub-Adviser, and the Trust (the “Parties”) entered into an Investment Sub-Advisory Agreement effective as of the 27th day of April, 2015, as amended (the “Agreement”), whereby the Adviser appointed the Sub-Adviser to provide certain sub-investment advisory services to certain investment portfolios of the Trust, as listed on Schedule A of the Agreement (the “Tactical ETF Funds”).

Whereas, the Parties have agreed to amend the Agreement, to reflect a change in the entity name for the Sub-Adviser, effective January 2, 2019.

Now Therefore, in consideration of the mutual covenants herein contained, the Parties hereby agree to amend the Agreement as follows:

1) All references to BNY Mellon Asset Management North America Corporation (formerly, Mellon Capital Management Corporation) shall be deleted and replaced with the following entity name:

Mellon Investments Corporation (originally, Mellon Capital Management Corporation).

2) Except as specifically amended hereby, the Agreement shall remain in full force and effect in accordance with its terms.

3) Each of the Parties represents and warrants to the others that it has full authority to enter into this Amendment upon the terms and conditions hereof and that the individual executing this Amendment is duly authorized to bind the respective party to this Amendment.

4) This Amendment may be executed in one or more counterparts, which together shall constitute one document.

In Witness Whereof, the Parties have caused this Amendment to be executed, effective January 2, 2019.

Xxxxxxx National Asset Management, LLC			Mellon Investments Corporation (originally, Mellon Capital Management Corporation)
By:	/s/ Xxxx X. Xxxxx		By:	/s/ Xxxxx Xxxxxxx
Name:	Xxxx X. Xxxxx		Name:	Xxxxx Xxxxxxx
Title:	President and CEO		Title:	Chief Operating Officer

Xxxxxxx Variable Series Trust
By:	/s/ Xxxxxxx X. Xxxxxx
Name:	Xxxxxxx X. Xxxxxx
Title:	Assistant Secretary