EX-99.23(d)(141)
AMENDMENT
TO
INVESTMENT SUB-ADVISORY AGREEMENT
BETWEEN
XXXXXXX NATIONAL ASSET MANAGEMENT, LLC
AND
PPM AMERICA, INC.
This AMENDMENT is made by and between XXXXXXX NATIONAL ASSET MANAGEMENT,
LLC, a Michigan limited liability company and registered investment adviser
("Adviser"), and PPM AMERICA, INC., a Delaware corporation and registered
investment adviser ("Sub-Adviser").
WHEREAS, the Adviser and Sub-Adviser entered into an Investment
Sub-Advisory Agreement dated as of January 16, 2007 ("Agreement"), whereby
Adviser appointed Sub-Adviser to provide certain sub-investment advisory
services to certain investment portfolios of the JNL Series Trust.
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.
WHEREAS, the Adviser desires to appoint Sub-Adviser to provide, and
Sub-Adviser has agreed to provide, additional sub-investment advisory services
to the following two new investment portfolio of the JNL Series Trust, effective
upon execution or, if later, the date that initial capital for such investment
portfolio is first provided: 1) JNL/PPM America Mid Cap Value Fund; and 2)
JNL/PPM America Small Cap Value Fund.
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 March 31, 2008, attached hereto.
2. Schedule B to the Agreement is hereby deleted and replaced in its
entirety with Schedule B dated March 31, 2008, attached hereto.
IN WITNESS WHEREOF, the Adviser and the Sub-Adviser have caused this
Amendment to be executed as of this 31st day of March, 2008.
XXXXXXX NATIONAL ASSET PPM AMERICA, INC.
MANAGEMENT, LLC
By:_______________________________ By:_______________________________
Name: XXXX X. XXXXX Name:_____________________________
Title: PRESIDENT Title:____________________________
SCHEDULE A
MARCH 31, 2008
(Funds)
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JNL/PPM America Core Equity Fund
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JNL/PPM America High Yield Bond Fund
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JNL/PPM America Mid Cap Value Fund
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JNL/PPM America Small Cap Value Fund
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JNL/PPM America Value Equity Fund
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SCHEDULE B
MARCH 31, 2008
(Compensation)
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JNL/PPM AMERICA CORE EQUITY FUND
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AVERAGE DAILY NET ASSETS ANNUAL RATE
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$0 to $150 Million 0.25%
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$150 Million to $300 Million 0.20%
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Amounts over $300 Million 0.17%
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JNL/PPM AMERICA HIGH YIELD BOND FUND
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AVERAGE DAILY NET ASSETS ANNUAL RATE
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$0 to $150 Million 0.20%
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$150 Million to $300 Million 0.175%
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Amounts over $300 Million 0.15%
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JNL/PPM AMERICA MID CAP VALUE FUND
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AVERAGE DAILY NET ASSETS ANNUAL RATE
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$0 to $150 Million 0.25%
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$150 Million to $300 Million 0.20%
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Amounts over $300 Million 0.17%
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JNL/PPM AMERICA SMALL CAP VALUE FUND
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AVERAGE DAILY NET ASSETS ANNUAL RATE
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$0 to $150 Million 0.25%
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$150 Million to $300 Million 0.20%
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Amounts over $300 Million 0.17%
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JNL/PPM AMERICA VALUE EQUITY FUND
----------------------------------------------------------------------------
------------------------------------------------------- --------------------
AVERAGE DAILY NET ASSETS ANNUAL RATE
------------------------------------------------------- --------------------
------------------------------------------------------- --------------------
$0 to $150 Million 0.25%
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$150 Million to $300 Million 0.20%
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Amounts over $300 Million 0.17%
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