to Investment Sub-Advisory Agreement Between Jackson National Asset Management, LLC and Standard & Poor’s Investment Advisory Services LLC
EX 99.28(d)(255)
Amendment
to
Between
Xxxxxxx National Asset Management, LLC
and
Standard & Poor’s Investment Advisory Services LLC
This Amendment is made by and between Xxxxxxx National Asset Management, LLC, a Michigan limited liability company and registered investment adviser (“Adviser”), and Standard & Poor’s Investment Advisory Services LLC, a Delaware limited liability company and registered investment adviser (“Sub-Adviser”).
Whereas, the Adviser and the Sub-Adviser entered into an Investment Sub-Advisory Agreement effective as of the 31st day of January 2001, and Amended and Restated effective as of the 1st day of December, 2012 (“Agreement”), whereby the Adviser appointed the Sub-Adviser to provide certain sub-investment advisory services to certain investment portfolios of JNL Series Trust (“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-Advisor 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 and the Sub-Adviser have agreed to fee reductions for the funds sub-advised by the Sub-Adviser under the Agreement.
Whereas, in order to reflect these fee reductions, 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 B to the Agreement is hereby deleted and replaced in its entirety with Schedule B dated January 1, 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 November 30, 2012, effective as of January 1, 2013.
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Xxxxxxx national asset
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Standard & Poor’s
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Management, llc
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Investment Advisory Services LLC
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By:
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/s/ Xxxx X. Xxxxx
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By:
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/s/ W. Xxxxxxx Xxxxxxxxxx
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Name:
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Xxxx X. Xxxxx
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Name:
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W. Xxxxxxx Xxxxxxxxxx
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Title:
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President and CEO
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Title:
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President, SPIAS
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Date:
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November 30, 2012
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Date:
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11/14/2012
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SCHEDULE B
January 1, 2013
(Compensation)
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Funds
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Group 1:
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JNL/S&P Managed Growth Fund
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JNL/S&P Managed Conservative Fund
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JNL/S&P Managed Moderate Growth Fund
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JNL/S&P Managed Moderate Fund
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JNL/S&P Managed Aggressive Growth Fund
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Assets
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Annual Rate
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Effective January 1, 2013:
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$0 to $8 Billion
Over $8 Billion
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0.02%
0.01%
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| The assets of the funds are aggregated for purposes of calculating the sub-advisory fee. | |
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Group 2:
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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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Assets
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Annual Rate
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Effective January 1, 2013:
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$0 to $1Billion
Next $2 Billion
Over $3 Billion
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0.08%
0.07%
0.05%
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The assets of the funds are aggregated for purposes of calculating the sub-advisory fee.
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B-1
