Amendment to Amended and Restated Investment Sub-Advisory Agreement Between Jackson National Asset Management, LLC
Amendment
to Amended and Restated
Investment Sub-Advisory Agreement Between
Xxxxxxx National Asset Management, LLC
And BlackRock Investment Management, LLC
This Amendment is made by and between Xxxxxxx National Asset Management, LLC, a Michigan limited liability company and registered investment adviser (“Adviser”), and BlackRock Investment Management, LLC, a Delaware limited liability company and registered investment adviser (“Sub-Adviser”).
Whereas, the Adviser and the Sub-Adviser entered into an Amended and Restated Investment Sub-Advisory Agreement effective as of the 1st day of July, 2013 (“Agreement”), whereby the Adviser appointed the Sub-Adviser to furnish sub-investment advisory services to certain investment portfolios (“Funds”) of JNL Series Trust (“Trust”), as listed on Schedule A to the Agreement.
Whereas, the Sub-Adviser has agreed to replace UBS Global Asset Management (Americas), Inc. as sub-adviser for the JNL/UBS Large Cap Select Growth Fund of the Trust, which will subsequently be renamed the JNL/BlackRock Large Cap Select Growth Fund.
Whereas, pursuant to this sub-adviser replacement, the Adviser and the Sub-Adviser have agreed to amend Schedule A and Schedule B of the Agreement to add the JNL/BlackRock Large Cap Select Growth Fund.
Now Therefore, in consideration of the mutual covenants herein contained, the parties hereby agree to amend the Agreement as follows:
1.
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Schedule A to the Agreement is hereby deleted and replaced in its entirety with Schedule A dated September 16, 2013, attached hereto.
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2.
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Schedule B to the Agreement is hereby deleted and replaced in its entirety with Schedule B dated September 16, 2013, attached hereto.
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In Witness Whereof, the Adviser and the Sub-Adviser have caused this Amendment to be executed as of this 1st day of July 2013, effective September 16, 2013.
Xxxxxxx National Asset Management, LLC | BlackRock Investment Management, LLC | |||||
By: | /s/ Xxxx X. Xxxxx | By: | /s/ Xxxxx Xxxxxxxx | |||
Name: |
Xxxx X. Xxxxx
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Name: |
Xxxxx Xxxxxxxx
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Title: |
President and CEO
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Title: |
Managing Director
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Schedule A
Dated September 16, 2013
Funds
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Subsidiaries
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JNL/BlackRock Commodity Securities Strategy Fund
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JNL/BlackRock Commodity Securities Strategy Fund Ltd.
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JNL/BlackRock Global Allocation Fund
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JNL/BlackRock Global Allocation Fund Ltd.
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JNL/BlackRock Large Cap Select Growth Fund
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N/A
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A-1
Schedule B
Dated September 16, 2013
(Compensation)
JNL/BlackRock Commodity Securities Strategy Fund
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Average Daily Net Assets
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Annual Rate
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$0 to $100 Million
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0.40%
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$100 Million to $400 Million
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0.29%
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Amounts over $400 Million
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0.20%
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JNL/BlackRock Global Allocation Fund
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Average Daily Net Assets
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Annual Rate
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$0 to $500 Million
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0.42%
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$500 Million to $1.5 Billion
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0.40%
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Amounts over $1.5 Billion
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0.375%
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JNL/BlackRock Large Cap Select Growth Fund
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Average Daily Net Assets
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Annual Rate
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$0 to $500 Million
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0.32%
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$500 Million to $2 Billion
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0.25%
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Amounts over $2 Billion
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0.20%
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B-1