AMENDMENT
TO
INVESTMENT ADVISORY AND MANAGEMENT AGREEMENT
BETWEEN
JNL INVESTORS SERIES TRUST
AND
XXXXXXX NATIONAL ASSET MANAGEMENT, LLC
This Amendment is made as of September 25, 2009, between JNL Investors
Series Trust, a Massachusetts business trust ("Trust") and Xxxxxxx National
Asset Management, LLC, a Michigan limited liability company ("Adviser").
WHEREAS, the Trust and the Adviser are parties to an Investment Advisory
and Management Agreement dated November 1, 2005 ("Agreement"), whereby the
Adviser agreed to perform certain investment advisory services, on behalf of the
investment Funds listed on Schedule A of the Agreement.
WHEREAS, the Trust and the Adviser are currently in compliance and will
remain in compliance with their respective obligations under Rule 38a-1 under
the Investment Company Act of 1940, as amended relating to the Trust and Rule
206(4)-7 under the Investment Advisers Act of 1940, as amended relating to the
Adviser.
WHEREAS, pursuant to the reorganization or liquidation of certain Funds
from the Trust, the following Funds need to be removed from the Agreement:
Xxxxxxx Perspective 5 Fund
Xxxxxxx Perspective Index 5 Fund
Xxxxxxx Perspective 10 x 10 Fund
Xxxxxxx Perspective Optimized 5 Fund
Xxxxxxx Perspective VIP Fund
Xxxxxxx Perspective S&P 4 Fund
Xxxxxxx Perspective Money Market Fund
NOW THEREFORE, in consideration of the mutual covenants contained herein
and for other good and valuable consideration, the Fund and the Adviser agree as
follows:
1. Schedule A to the Agreement is hereby deleted and replaced in its entirety
with Schedule A dated September 25, 2009, attached hereto.
2. Schedule B to the Agreement is hereby deleted and replaced in its entirety
with Schedule B dated September 25, 2009, attached hereto.
3. This Amendment may be executed in two or more counterparts, which together
shall constitute one document.
JNL INVESTORS SERIES TRUST XXXXXXX NATIONAL ASSET
MANAGEMENT, LLC
By: /s/ Xxxxx X. Xxxx By: /s/ Xxxx X. Xxxxx
Name: Xxxxx X. Xxxx Name: Xxxx X. Xxxxx
Title: Vice President, Counsel Title: President
& Secretary
SCHEDULE A
----------
DATED SEPTEMBER 25, 2009
(Funds)
Xxxxxxx Perspective Total Return Fund
JNL Money Market Fund
SCHEDULE B
----------
DATED SEPTEMBER 25, 2009
FUND ASSETS ADVISORY FEE
---- ------ ------------
(Annual Rate Based on Average
Net Assets of each Fund)
Xxxxxxx Perspective $0 to $500 million 0.65%
Total Return Fund Over $500 million 0.60%
JNL Money Market Fund $0 to $750 million 0.20%
Over $750 million 0.18%
