Amendment to Investment Sub-Advisory Agreement between Jackson National Asset Management, LLC and Mellon Capital Management Corporation
EX 99.28(d)(234)
Amendment
to
Investment Sub-Advisory Agreement
between
Xxxxxxx National Asset Management, LLC
and
Mellon Capital Management Corporation
This Amendment is made by and between Xxxxxxx National Asset Management, LLC, a Michigan limited liability company and registered investment adviser (“Adviser”), and Mellon Capital Management Corporation, a Delaware corporation and registered investment adviser (“Sub-Adviser”).
Whereas, the Adviser and the Sub-Adviser entered into an Investment Sub-Advisory Agreement dated as of February 18, 2004, as amended (“Agreement”), whereby the Adviser appointed the Sub-Adviser to provide certain sub-investment advisory services to JNL Series Trust (“Trust”).
Whereas, the parties wish to amend the Agreement in order to add the JNL/Mellon Capital Management Dow Xxxxx U.S. Contrarian Opportunities Index Fund, pursuant to the appointment of the Sub-Adviser to provide certain sub-investment advisory services to this new fund of the Trust.
Whereas, in order to reflect this fund addition, Schedule A and Schedule B to the Agreement 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 April 30, 2012, attached hereto.
|
|
2.
|
Schedule B to the Agreement is hereby deleted and replaced in its entirety with Schedule B dated April 30, 2012, attached hereto.
|
In Witness Whereof, the Adviser and the Sub-Adviser have caused this Amendment to be executed as of November 23, 2011, effective as of April 30, 2012.
|
Xxxxxxx National Asset Management, LLC
|
Mellon Capital Management Corporation
|
|
By: /s/ Xxxx X. Xxxxx
|
By: /s/ Xxxxx Xxx
|
|
Name: Xxxx X. Xxxxx
|
Name: Xxxxx Xxx
|
|
Title: President and CEO
|
Title: Director
|
Schedule A
April 30, 2012
(Funds)
|
JNL/Mellon Capital Management Bond Index Fund
|
|
JNL/Mellon Capital Management Dow Xxxxx
U.S. Contrarian Opportunities Index Fund
|
|
JNL/Mellon Capital Management Emerging Markets Index Fund
|
|
JNL/Mellon Capital Management European 30 Fund
|
|
JNL/Mellon Capital Management Global Alpha Fund
|
|
JNL/Mellon Capital Management International Index Fund
|
|
JNL/Mellon Capital Management Pacific Rim 30 Fund
|
|
JNL/Mellon Capital Management S&P 500 Index Fund
|
|
JNL/Mellon Capital Management S&P 400 MidCap Index Fund
|
|
JNL/Mellon Capital Management Small Cap Index Fund
|
|
JNL/S&P Competitive Advantage Fund
|
|
JNL/S&P Dividend Income & Growth Fund
|
|
JNL/S&P Intrinsic Value Fund
|
|
JNL/S&P Total Yield Fund
|
|
JNL/X. Xxxx Price Mid-Cap Growth Fund
|
A-1
Schedule B
April 30, 2012
(Compensation)
|
JNL/Mellon Capital Management Bond Index Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
First $50 million
|
0.09%
|
|
Next $50 million
|
0.06%
|
|
$100 to $750 million
|
0.03%
|
|
Over $750 million
|
0.015%
|
|
JNL/Mellon Capital Management Dow Xxxxx
U.S. Contrarian Opportunities Index Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
First $50 million
|
0.09%
|
|
Next $50 million
|
0.06%
|
|
$100 to $750 million
|
0.03%
|
|
Over $750 million
|
0.015%
|
|
JNL/Mellon Capital Management
Emerging Markets Index Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
$0 to $50 million
|
0.09%
|
|
$50 to $100 million
|
0.06%
|
|
$100 to $750 million
|
0.03%
|
|
Over $750 million
|
0.015%
|
|
JNL/Mellon Capital Management European 30 Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
$0 to $50 million
|
0.09%
|
|
$50 to $100 million
|
0.06%
|
|
$100 to $750 million
|
0.03%
|
|
Over $750 million
|
0.015%
|
B-1
|
JNL/Mellon Capital Management Global Alpha Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
$0 to $200 million
|
0.60%
|
|
$200 to $400 million
|
0.55%
|
|
$400 to $600 million
|
0.50%
|
|
$600 to $800 million
|
0.45%
|
|
$800 to $900 million
|
0.40%
|
|
Over $900 million
|
0.35%
|
|
JNL/Mellon Capital Management International Index Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
First $50 million
|
0.09%
|
|
Next $50 million
|
0.06%
|
|
$100 to $750 million
|
0.03%
|
|
Over $750 million
|
0.015%
|
|
JNL/Mellon Capital Management Pacific Rim 30 Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
$0 to $50 million
|
0.09%
|
|
$50 to $100 million
|
0.06%
|
|
$100 to $750 million
|
0.03%
|
|
Over $750 million
|
0.015%
|
|
JNL/Mellon Capital Management S&P 500 Index Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
First $50 million
|
0.09%
|
|
Next $50 million
|
0.06%
|
|
$100 to $750 million
|
0.03%
|
|
Over $750 million
|
0.015%
|
B-2
|
JNL/Mellon Capital Management S&P 400 MidCap Index Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
First $50 million
|
0.09%
|
|
Next $50 million
|
0.06%
|
|
$100 to $750 million
|
0.03%
|
|
Over $750 million
|
0.015%
|
|
JNL/Mellon Capital Management Small Cap Index Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
First $50 million
|
0.09%
|
|
Next $50 million
|
0.06%
|
|
$100 to $750 million
|
0.03%
|
|
Over $750 million
|
0.015%
|
|
JNL/S&P Competitive Advantage Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
$0 to $100 million
|
0.06%
|
|
$100 to $750 million
|
0.03%
|
|
Over $750 million
|
0.015%
|
|
JNL/S&P Dividend Income & Growth Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
$0 to $100 million
|
0.06%
|
|
$100 to $750 million
|
0.03%
|
|
Over $750 million
|
0.015%
|
|
JNL/S&P Intrinsic Value Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
$0 to $100 million
|
0.06%
|
|
$100 to $750 million
|
0.03%
|
|
Over $750 million
|
0.015%
|
B-3
|
JNL/S&P Total Yield Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
$0 to $100 million
|
0.06%
|
|
$100 to $750 million
|
0.03%
|
|
Over $750 million
|
0.015%
|
|
JNL/X. Xxxx Price Mid-Cap Growth Fund*
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
First $50 million
|
0.09%
|
|
Next $50 million
|
0.06%
|
|
$100 to $750 million
|
0.03%
|
|
Over $750 million
|
0.015%
|
*Fees will be paid based on assets invested in the mid-cap growth index strategy portion of the JNL/X. Xxxx Price Mid-Cap Growth Fund managed by Mellon Capital Management Corporation.
B-4
