Amendment to Amended and Restated Investment Sub-Advisory Agreement Between Jackson National Asset Management, LLC
EX 99.28(d)(11)(vii)
Amendment
to Amended and Restated
Xxxxxxx National Asset Management, LLC
And BlackRock Investment Management, LLC
This Amendment is made by and between Xxxxxxx National Asset Management, LLC, a Michigan limited liability company and registered investment adviser (“Adviser”), and BlackRock Investment Management, LLC, a Delaware limited liability company and registered investment adviser (“Sub-Adviser”).
Whereas, the Adviser and the Sub-Adviser entered into an Amended and Restated Investment Sub-Advisory Agreement effective as of the 1st day of July, 2013, as amended (“Agreement”), whereby the Adviser appointed the Sub-Adviser to furnish sub-investment advisory services to certain investment portfolios (“Funds”) of JNL Series Trust (“Trust”), as listed on Schedule A to the Agreement.
Whereas, in connection with the merger of the JNL/Franklin Xxxxxxxxx Natural Resources Fund of Xxxxxxx Variable Series Trust into the JNL/BlackRock Commodity Securities Strategy Fund and as a result of certain investment strategy changes in connection therewith, the fund will be renamed the JNL/BlackRock Natural Resources Fund.
Whereas, pursuant to this merger and fund name change, the Adviser and the Sub-Adviser have agreed to amend Schedule A and Schedule B of the Agreement to update the fund name, as outlined above.
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 September 28, 2015, 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 September 28, 2015, attached hereto.
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In Witness Whereof, the Adviser and the Sub-Adviser have caused this Amendment to be executed as of this 20th day of August 2015, effective September 28, 2015.
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Xxxxxxx National Asset Management, LLC
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BlackRock Investment Management, LLC
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By:
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/s/ Xxxx X. Xxxxx
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By:
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/s/ Xxxxxxx Xxxxxxxx
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Name:
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Xxxx X. Xxxxx
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Name:
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Xxxxxxx Xxxxxxxx
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Title:
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President and CEO
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Title:
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Managing Director
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Schedule A
Dated September 28, 2015
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Funds
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Subsidiaries
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JNL/BlackRock Natural Resources Fund
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N/A
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JNL/BlackRock Global Allocation Fund
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JNL/BlackRock Global Allocation Fund Ltd.
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JNL/BlackRock Large Cap Select Growth Fund
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N/A
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A-1
Schedule B
Dated September 28, 2015
(Compensation)
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JNL/BlackRock Natural Resources 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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0.40%
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$100 Million to $400 Million
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0.29%
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Amounts over $400 Million
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0.20%
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JNL/BlackRock Global Allocation Fund
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Average Daily Net Assets
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Annual Rate
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$0 to $500 Million
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0.42%
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$500 Million to $1.5 Billion
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0.40%
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Amounts over $1.5 Billion
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0.375%
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JNL/BlackRock Large Cap Select Growth Fund
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Average Daily Net Assets
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Annual Rate
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$0 to $500 Million
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0.32%
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$500 Million to $2 Billion
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0.25%
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Amounts over $2 Billion
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0.20%
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B-1
