Amendment to Investment Sub-Advisory Agreement between Jackson National Asset Management, LLC and Mellon Capital Management Corporation
EX 99.28(d)(234)
Amendment
to
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:
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1.
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Schedule A to the Agreement is hereby deleted and replaced in its entirety with Schedule A dated April 30, 2012, 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 April 30, 2012, attached hereto.
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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.
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Xxxxxxx National Asset Management, LLC
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Mellon Capital Management Corporation
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By: /s/ Xxxx X. Xxxxx
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By: /s/ Xxxxx Xxx
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Name: Xxxx X. Xxxxx
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Name: Xxxxx Xxx
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Title: President and CEO
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Title: Director
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Schedule A
April 30, 2012
(Funds)
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JNL/Mellon Capital Management Bond Index Fund
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JNL/Mellon Capital Management Dow Xxxxx
U.S. Contrarian Opportunities Index Fund
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JNL/Mellon Capital Management Emerging Markets Index Fund
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JNL/Mellon Capital Management European 30 Fund
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JNL/Mellon Capital Management Global Alpha Fund
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JNL/Mellon Capital Management International Index Fund
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JNL/Mellon Capital Management Pacific Rim 30 Fund
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JNL/Mellon Capital Management S&P 500 Index Fund
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JNL/Mellon Capital Management S&P 400 MidCap Index Fund
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JNL/Mellon Capital Management Small Cap Index Fund
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JNL/S&P Competitive Advantage Fund
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JNL/S&P Dividend Income & Growth Fund
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JNL/S&P Intrinsic Value Fund
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JNL/S&P Total Yield Fund
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JNL/X. Xxxx Price Mid-Cap Growth Fund
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A-1
Schedule B
April 30, 2012
(Compensation)
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JNL/Mellon Capital Management Bond Index Fund
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Average Daily Net Assets
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Annual Rate
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First $50 million
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0.09%
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Next $50 million
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0.06%
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$100 to $750 million
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0.03%
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Over $750 million
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0.015%
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JNL/Mellon Capital Management Dow Xxxxx
U.S. Contrarian Opportunities Index Fund
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Average Daily Net Assets
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Annual Rate
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First $50 million
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0.09%
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Next $50 million
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0.06%
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$100 to $750 million
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0.03%
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Over $750 million
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0.015%
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JNL/Mellon Capital Management
Emerging Markets Index Fund
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Average Daily Net Assets
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Annual Rate
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$0 to $50 million
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0.09%
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$50 to $100 million
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0.06%
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$100 to $750 million
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0.03%
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Over $750 million
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0.015%
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JNL/Mellon Capital Management European 30 Fund
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Average Daily Net Assets
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Annual Rate
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$0 to $50 million
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0.09%
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$50 to $100 million
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0.06%
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$100 to $750 million
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0.03%
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Over $750 million
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0.015%
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B-1
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JNL/Mellon Capital Management Global Alpha Fund
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Average Daily Net Assets
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Annual Rate
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$0 to $200 million
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0.60%
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$200 to $400 million
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0.55%
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$400 to $600 million
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0.50%
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$600 to $800 million
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0.45%
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$800 to $900 million
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0.40%
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Over $900 million
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0.35%
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JNL/Mellon Capital Management International Index Fund
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Average Daily Net Assets
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Annual Rate
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First $50 million
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0.09%
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Next $50 million
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0.06%
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$100 to $750 million
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0.03%
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Over $750 million
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0.015%
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JNL/Mellon Capital Management Pacific Rim 30 Fund
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Average Daily Net Assets
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Annual Rate
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$0 to $50 million
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0.09%
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$50 to $100 million
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0.06%
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$100 to $750 million
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0.03%
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Over $750 million
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0.015%
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JNL/Mellon Capital Management S&P 500 Index Fund
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Average Daily Net Assets
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Annual Rate
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First $50 million
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0.09%
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Next $50 million
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0.06%
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$100 to $750 million
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0.03%
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Over $750 million
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0.015%
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B-2
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JNL/Mellon Capital Management S&P 400 MidCap Index Fund
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Average Daily Net Assets
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Annual Rate
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First $50 million
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0.09%
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Next $50 million
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0.06%
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$100 to $750 million
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0.03%
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Over $750 million
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0.015%
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JNL/Mellon Capital Management Small Cap Index Fund
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Average Daily Net Assets
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Annual Rate
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First $50 million
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0.09%
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Next $50 million
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0.06%
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$100 to $750 million
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0.03%
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Over $750 million
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0.015%
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JNL/S&P Competitive Advantage 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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0.06%
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$100 to $750 million
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0.03%
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Over $750 million
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0.015%
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JNL/S&P Dividend Income & Growth 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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0.06%
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$100 to $750 million
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0.03%
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Over $750 million
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0.015%
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JNL/S&P Intrinsic Value 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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0.06%
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$100 to $750 million
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0.03%
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Over $750 million
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0.015%
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B-3
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JNL/S&P Total Yield 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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0.06%
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$100 to $750 million
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0.03%
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Over $750 million
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0.015%
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JNL/X. Xxxx Price Mid-Cap Growth Fund*
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Average Daily Net Assets
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Annual Rate
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First $50 million
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0.09%
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Next $50 million
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0.06%
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$100 to $750 million
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0.03%
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Over $750 million
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0.015%
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*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
