EX-99.23(d)(161)
AMENDMENT
TO
INVESTMENT ADVISORY AND MANAGEMENT AGREEMENT
BETWEEN
JNL SERIES TRUST
AND
XXXXXXX NATIONAL ASSET MANAGEMENT, LLC
This Amendment is made as of April 6, 2009, between JNL 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 January 31, 2001 ("Advisory Agreement").
WHEREAS, the parties wish to amend the Advisory Agreement in order to
delete the following funds: 1) the JNL/Lazard Small Cap Equity Fund, which is
being merged into the JNL/Mellon Capital Management Small Cap Index Fund of the
Trust; 2) the JNL/ Mellon Capital Management Enhanced S&P 500 Stock Index Fund,
which is being merged into the JNL/Mellon Capital Management S&P 500 Index Fund
of the Trust; 3) the JNL/S&P Growth Retirement Strategy Fund, which is being
merged into the JNL/S&P Disciplined Growth Fund of the Trust; 4) the JNL/S&P
Moderate Growth Retirement Strategy Fund, which is being merged into the JNL/S&P
Disciplined Moderate Growth Fund of the Trust; and 5) JNL/S&P Moderate
Retirement Strategy Fund, which is being merged into the JNL/S&P Disciplined
Moderate Fund of the Trust.
WHEREAS, the parties wish to amend the Agreement in add the following four
new funds of the Trust: 1) the JNL Institutional Alt 20 Fund; 2) the JNL
Institutional Alt 35 Fund; 3) the JNL Institutional Alt 50 Fund; and 4) the JNL
Institutional Alt 65 Fund.
WHEREAS, in order to effectuate the above deletions and additions, Schedule
A and Schedule B to the Agreement must be amended.
NOW THEREFORE, in consideration of the mutual covenants contained herein
and for other good and valuable consideration, the Trust and the Adviser agree
as follows:
1. Schedule A to the Agreement is hereby deleted and replaced in its entirety
with Schedule A dated April 6, 2009, attached hereto.
2. Schedule B to the Agreement is hereby deleted and replaced in its entirety
with Schedule B dated April 6, 2009, attached hereto.
3. This Amendment may be executed in two or more counterparts, which together
shall constitute one document.
IN WITNESS WHEREOF, the Advisory and the Trust have caused this Amendment
to be executed as of this 6th day of April, 2009.
JNL SERIES TRUST XXXXXXX NATIONAL ASSET MANAGEMENT, LLC
By: __________________________________ By: _________________________________
Name: Xxxxx X. Xxxx Name: Xxxx X. Xxxxx
Title: Vice President, Counsel, Title: President
and Secretary
SCHEDULE A
DATED APRIL 6, 2009
(List of Funds)
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JNL/AIM International Growth Fund
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JNL/AIM Large Cap Growth Fund
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JNL/AIM Global Real Estate Fund
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JNL/AIM Small Cap Growth Fund
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JNL/Capital Guardian International Small Cap Fund
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JNL/Capital Guardian U.S. Growth Equity Fund
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JNL/Capital Guardian Global Diversified Research Fund
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JNL/Capital Guardian Global Balanced Fund
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JNL/Credit Suisse Global Natural Resources Fund
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JNL/Credit Suisse Long/Short Fund
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JNL/Eagle Core Equity Fund
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JNL/Eagle SmallCap Equity Fund
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JNL/Franklin Xxxxxxxxx Founding Strategy Fund
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JNL/Franklin Xxxxxxxxx Global Growth Fund
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JNL/Franklin Xxxxxxxxx Income Fund
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JNL/Franklin Xxxxxxxxx Mutual Shares Fund
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JNL/Franklin Xxxxxxxxx Small Cap Value Fund
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JNL/Xxxxxxx Sachs Core Plus Bond Fund
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JNL/Xxxxxxx Xxxxx Emerging Markets Debt Fund
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JNL/Xxxxxxx Sachs Mid Cap Value Fund
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JNL/Xxxxxxx Xxxxx Short Duration Bond Fund
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JNL Institutional Alt 20 Fund
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JNL Institutional Alt 35 Fund
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JNL Institutional Alt 50 Fund
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JNL Institutional Alt 65 Fund
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JNL/JPMorgan International Value Fund
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JNL/JPMorgan MidCap Growth Fund
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JNL/JPMorgan U.S. Government & Quality Bond Fund
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JNL/Lazard Emerging Markets Fund
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JNL/Lazard Mid Cap Equity Fund
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JNL/M&G Global Basics Fund
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JNL/M&G Global Leaders Fund
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JNL/Mellon Capital Management Bond Index Fund
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JNL/Mellon Capital Management European 30 Fund
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JNL/Mellon Capital Management Index 5 Fund
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JNL/Mellon Capital Management International Index Fund
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JNL/Mellon Capital Management Pacific Rim 30 Fund
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JNL/Mellon Capital Management Small Cap Index Fund
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JNL/Mellon Capital Management 10 x 10 Fund
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JNL/Mellon Capital Management S&P 500 Index Fund
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JNL/Mellon Capital Management S&P 400 MidCap Index Fund
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JNL/Xxxxxxxxxxx Global Growth Fund
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JNL/XXX Asia ex-Japan Fund
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JNL/XXX China-India Fund
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JNL/PIMCO Real Return Fund
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JNL/PIMCO Total Return Bond Fund
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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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JNL/Red Rocks Listed Private Equity Fund
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JNL/Select Balanced Fund
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JNL/Select Money Market Fund
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JNL/Select Value Fund
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JNL/Select Value Fund
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JNL/X. Xxxx Price Established Growth Fund
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JNL/X. Xxxx Price Mid-Cap Growth Fund
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JNL/X. Xxxx Price Value Fund
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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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JNL/S&P Retirement Income Fund
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JNL/S&P Retirement 2015 Fund
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JNL/S&P Retirement 2020 Fund
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JNL/S&P Retirement 2025 Fund
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JNL/S&P Disciplined Moderate Fund
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JNL/S&P Disciplined Moderate Growth Fund
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JNL/S&P Disciplined Growth Fund
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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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JNL/S&P 4 Fund
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SCHEDULE B
DATED APRIL 6, 2009
(Compensation)
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FUND ASSETS ADVISORY FEE
(ANNUAL RATE BASED ON
AVERAGE NET ASSETS OF EACH
FUND)
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JNL/AIM International Growth Fund $0 to $150 million .70%
$150 million to $500 million .65%
Over $500 million .60%
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JNL/AIM Large Cap Growth Fund $0 to $150 million .70%
Over $150 million .65%
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JNL/AIM Global Real Estate Fund $0 to $50 million .75%
Over $50 million .70%
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JNL/AIM Small Cap Growth Fund $0 to $300 million .85%
Over $300 million .80%
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JNL/Capital Guardian International $0 to $500 million .95%
Small Cap Fund Over $500 million .90%
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JNL/Capital Guardian U.S. Growth Equity Fund $0 to $150 million .70%
$150 million to $500 million .65%
$500 million to $750 million .60%
Over $750 million .55%
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JNL/Capital Guardian Global $0 to $150 million .75%
Diversified Research Fund $150 million to $500 million .70%
$500 million to $750 million .65%
Over $750 million .60%
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JNL/Capital Guardian Global Balanced Fund $0 to $500 million .65%
Over $500 million .60%
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JNL/Credit Suisse Global Natural Resources Fund $0 to $300 million .70%
Over $300 million .60%
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JNL/Credit Suisse Long/Short Fund $0 to $300 million .80%
Over $300 million .75%
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JNL/Eagle Core Equity Fund $0 to $10 million .65%
$10 million to $300 million .60%
Over $300 million .55%
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JNL/Eagle SmallCap Equity Fund $0 to $100 million .75%
$100 million to $500 million .70%
Over $500 million .65%
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JNL/Franklin Xxxxxxxxx Founding Strategy Fund All Assets 0%
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JNL/Franklin Xxxxxxxxx Global Growth Fund $0 to $300 million .75%
$300 million to $500 million .65%
Over $500 million .60%
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JNL/Franklin Xxxxxxxxx Income Fund $0 to $100 million .80%
$100 million to $200 million .75%
$200 million to $500 million .65%
Over $500 million .60%
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JNL/Franklin Xxxxxxxxx Mutual Shares Fund $0 to $500 million .75%
Over $500 million .70%
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JNL/Franklin Xxxxxxxxx Small Cap Value Fund $0 to $200 million .85%
$200 million to $500 million .77%
Over $500 million .75%
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JNL/Xxxxxxx Sachs Core Plus Bond Fund $0 to $500 million .60%
Over $500 million .55%
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JNL/Xxxxxxx Xxxxx Emerging Markets Debt Fund $0 to $200 million .75%
Over $200 million .70%
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JNL/Xxxxxxx Sachs Mid Cap Value Fund $0 to $100 million .75%
Over $100 million .70%
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JNL/Xxxxxxx Xxxxx Short Duration Bond Fund $0 to $250 million .45%
Over $250 million .40%
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JNL/Institutional Alt 20 Fund $0 to $500 million .15%
Over $500 million .10%
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JNL/Institutional Alt 35 Fund $0 to $500 million .15%
Over $500 million .10%
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JNL/Institutional Alt 50 Fund $0 to $500 million .15%
Over $500 million .10%
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JNL/Institutional Alt 65 Fund $0 to $500 million .15%
Over $500 million .10%
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JNL/JPMorgan International Value Fund $0 to $150 million .70%
$150 million to $500 million .65%
Over $500 million .60%
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JNL/JPMorgan MidCap Growth Fund $0 to $250 million .70%
$250 million to $750 million .65%
$750 million to $1,500 million .60%
Over $1,500 million .55%
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JNL/JPMorgan U.S. Government & Quality Bond Fund $0 to $150 million .50%
$150 million to $300 million .45%
$300 million to $500 million .40%
Over $500 million .35%
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JNL/Lazard Emerging Markets Fund $0 to $100 million 1.00%
$100 million to $250 million .90%
Over $250 million .85%
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JNL/Lazard Mid Cap Equity Fund $0 to $50 million .75%
$50 million to $250 million .70%
Over $250 million .65%
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JNL/M&G Global Basics Fund $0 to $500 million .85%
Over $500 million .80%
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JNL/M&G Global Leaders Fund $0 to $500 million .85%
Over $500 million .80%
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JNL/Mellon Capital Management Bond Index Fund $0 to $500 million .30%
$500 million to $750 million .25%
Over $750 million .24%
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JNL/Mellon Capital Management European 30 Fund $0 to $50 million .37%
$50 to $100 million .31%
Over $100 million .28%
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JNL/Mellon Capital Management Index 5 Fund All assets 0%
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JNL/Mellon Capital Management International Index $0 to $500 million .30%
Fund $500 million to $750 million .25%
Over $750 million .24%
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JNL/Mellon Capital Management Pacific Rim 30 Fund $0 to $50 million .37%
$50 to $100 million .31%
Over $100 million .28%
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JNL/Mellon Capital Management Small Cap Index Fund $0 to $500 million .29%
$500 million to $750 million .24%
Over $750 million .23%
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JNL/Mellon Capital Management 10 x 10 Fund All assets 0%
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JNL/Mellon Capital Management S&P 500 Index Fund $0 to $500 million .29%
$500 million to $750 million .24%
Over $750 million .23%
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JNL/Mellon Capital Management S&P 400 MidCap Index $0 to $500 million .29%
Fund $500 million to $750 million .24%
Over $750 million .23%
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JNL/Xxxxxxxxxxx Global Growth Fund $0 to $300 million .70%
Over $300 million .60%
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JNL/XXX Asia ex-Japan Fund $0 to $500 million .90%
Over $500 million .85%
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JNL/XXX China-India Fund $0 to $500 million .90%
Over $500 million .85%
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JNL/PIMCO Real Return Fund $0 to $1 billion .50%
Over $1 billion .475%
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JNL/PIMCO Total Return Bond Fund All assets .50%
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JNL/PPM America Core Equity Fund $0 to $150 million .65%
$150 million to $300 million .60%
Over $300 million .575%
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JNL/PPM America High Yield Bond Fund $0 to $150 million .50%
$150 million to $500 million .45%
Over $500 million .425%
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JNL/PPM America Mid Cap Value Fund $0 to $500 million .75%
Over $500 million .70%
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JNL/PPM America Small Cap Value Fund $0 to $500 million .75%
Over $500 million .70%
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JNL/PPM America Value Equity Fund $0 to $300 million .55%
Over $300 million .50%
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JNL/Red Rocks Listed Private Equity Fund $0 to $200 million .85%
Over $200 million .80%
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JNL/Select Balanced Fund $0 to $50 million .55%
$50 million to $150 million .50%
$150 million to $300 million .475%
$300 million to $500 million .45%
Over $500 million .425%
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JNL/Select Money Market Fund $0 to $500 million 0.28%
Over $500 million 0.25%
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JNL/Select Value Fund $0 to $300 million .55%
$300 million to $500 million .50%
Over $500 million .45%
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JNL/X. Xxxx Price Established Growth Fund $0 to $150 million .65%
$150 to $500 million .60%
Over $500 million .55%
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JNL/X. Xxxx Price Mid-Cap Growth Fund $0 to $150 million .75%
Over $150 million .70%
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JNL/X. Xxxx Price Value Fund $0 to $150 million .70%
$150 to $500 million .65%
Over $500 million .60%
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JNL/S&P Managed Growth Fund $0 to $500 million .13%
Over $500 million .08%
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JNL/S&P Managed Conservative Fund $0 to $500 million .13%
Over $500 million .08%
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JNL/S&P Managed Moderate Growth Fund $0 to $500 million .13%
Over $500 million .08%
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JNL/S&P Managed Moderate Fund $0 to $500 million .13%
Over $500 million .08%
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JNL/S&P Managed Aggressive Growth Fund $0 to $500 million .13%
Over $500 million .08%
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JNL/S&P Retirement Income Fund $0 to $500 million .13%
Over $500 million .08%
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JNL/S&P Retirement 2015 Fund $0 to $500 million .13%
Over $500 million .08%
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JNL/S&P Retirement 2020 Fund $0 to $500 million .13%
Over $500 million .08%
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JNL/S&P Retirement 2025 Fund $0 to $500 million .13%
Over $500 million .08%
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JNL/S&P Disciplined Moderate Fund $0 to $500 million .13%
Over $500 million .08%
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JNL/S&P Disciplined Moderate Growth Fund $0 to $500 million .13%
Over $500 million .08%
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JNL/S&P Disciplined Growth Fund $0 to $500 million .13%
Over $500 million .08%
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JNL/S&P Competitive Advantage Fund $0 to $500 million .40%
Over $500 million .35%
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JNL/S&P Dividend Income & Growth Fund $0 to $500 million .40%
Over $500 million .35%
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JNL/S&P Intrinsic Value Fund $0 to $500 million .40%
Over $500 million .35%
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JNL/S&P Total Yield Fund $0 to $500 million .40%
Over $500 million .35%
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JNL/S&P 4 Fund All Assets 0%
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