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
Investment Sub-Advisory Agreement Between
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
