EX-99.23(d)(150)
AMENDMENT
TO
INVESTMENT SUB-ADVISORY AGREEMENT
BETWEEN
XXXXXXX NATIONAL ASSET MANAGEMENT, LLC
AND
XXXXXXX SACHS ASSET MANAGEMENT, L.P.
This AMENDMENT is made by and between XXXXXXX NATIONAL ASSET MANAGEMENT,
LLC, a Michigan limited liability company and registered investment adviser
("Adviser"), and XXXXXXX SACHS ASSET MANAGEMENT, L.P., a limited partnership
organized under the laws of the state of Delaware and registered investment
adviser ("Sub-Adviser").
WHEREAS, the Adviser and Sub-Adviser entered into an Investment
Sub-Advisory Agreement dated as of May 2, 2005 (as amended, the "Agreement"),
whereby Adviser appointed Sub-Adviser to provide certain sub-investment advisory
services to investment portfolios of the JNL Series Trust; and
WHEREAS, pursuant to the Agreement, the Adviser agreed to pay the
Sub-Adviser for the services provided and the expenses assumed by the
Sub-Adviser a sub-advisory fee as set forth on Schedule B to the Agreement, and
the Sub-Adviser agreed to accept such sub-advisory fee as full compensation
under the Agreement for such services and expenses; and
WHEREAS, the Adviser has appointed Sub-Adviser to provide certain
sub-investment advisory services to a new investment portfolio of the JNL Series
Trust, the JNL/Xxxxxxx Xxxxx Emerging Markets Debt Fund ("Fund"); and
WHEREAS, in order to reflect the addition of the new Fund, Schedule A and
Schedule B must be amended.
NOW THEREFORE, in consideration of the mutual covenants herein contained,
the parties hereby agree to amend the Agreement as follows:
1. Schedule A to the Agreement is hereby deleted and replaced in its entirety
with Schedule A dated October 6, 2008, attached hereto.
2. Schedule B to the Agreement is hereby deleted and replaced in its entirety
with Schedule B dated October 6, 2008, attached hereto.
IN WITNESS WHEREOF, the Adviser and the Sub-Adviser have caused this
Amendment to be executed as of this 6th day of October, 2008.
XXXXXXX NATIONAL ASSET XXXXXXX XXXXX ASSET
MANAGEMENT, LLC MANAGEMENT, L.P.
By: _____________________________ By: _____________________________
Name: XXXX X. XXXXX Name: XXXXX X. XXXXXXXXX
Title: PRESIDENT Title: MANAGING DIRECTOR
SCHEDULE A
DATED OCTOBER 6, 2008
(Funds)
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JNL/Xxxxxxx Sachs Core Plus Bond Fund
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JNL/Xxxxxxx Xxxxx Emerging Markets Debt Fund
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JNL/Xxxxxxx Sachs Mid Cap Value Fund
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JNL/Xxxxxxx Xxxxx Short Duration Bond Fund
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SCHEDULE B
DATED OCTOBER 6, 2008
(Compensation)
----------------------------------------------------------------------------
JNL/XXXXXXX SACHS CORE PLUS BOND FUND
----------------------------------------------------------------------------
------------------------------------------------------- --------------------
AVERAGE DAILY NET ASSETS ANNUAL RATE
------------------------------------------------------- --------------------
$0 to $500 Million .25%
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$500 Million to $1 Billion .17%
------------------------------------------------------- --------------------
Amounts over $1 Billion .15%
------------------------------------------------------- --------------------
----------------------------------------------------------------------------
JNL/XXXXXXX XXXXX EMERGING MARKETS DEBT FUND
----------------------------------------------------------------------------
------------------------------------------------------- --------------------
AVERAGE DAILY NET ASSETS ANNUAL RATE
------------------------------------------------------- --------------------
$0 to $200 Million .50%
------------------------------------------------------- --------------------
Amounts over $200 Million .45%
------------------------------------------------------- --------------------
----------------------------------------------------------------------------
JNL/XXXXXXX SACHS MID CAP VALUE FUND
----------------------------------------------------------------------------
------------------------------------------------------- --------------------
AVERAGE DAILY NET ASSETS ANNUAL RATE
------------------------------------------------------- --------------------
$0 to $100 Million .50%
------------------------------------------------------- --------------------
Amounts over $100 Million .45%
------------------------------------------------------- --------------------
----------------------------------------------------------------------------
JNL/XXXXXXX XXXXX SHORT DURATION BOND FUND
----------------------------------------------------------------------------
AVERAGE DAILY NET ASSETS ANNUAL RATE
------------------------------------------------------- --------------------
$0 to $100 Million .20%
------------------------------------------------------- --------------------
$100 to $250 Million .17%
------------------------------------------------------- --------------------
$250 to $500 Million .15%
------------------------------------------------------- --------------------
Amounts over $500 Million .12%
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