Amendment to Amended and Restated Investment Sub-Advisory Agreement Between Jackson National Asset Management, LLC and Wellington Management Company LLP
EX. 99.28(d)(56)(ix)
Amendment
to Amended and Restated
Xxxxxxx National Asset Management, LLC
and Wellington Management Company LLP
This Amendment is made by and between Xxxxxxx National Asset Management, LLC, a Michigan limited liability company and registered investment adviser (the “Adviser”), and Wellington Management Company LLP, a Delaware limited liability partnership and registered investment adviser (the “Sub-Adviser”).
Whereas, the Adviser and Sub-Adviser (the “Parties”) entered into an Amended and Restated Investment Sub-Advisory Agreement effective as of the 1st day of December, 2012, as amended (the “Agreement”), whereby the Adviser appointed the Sub-Adviser to provide certain sub-investment advisory services to certain investment portfolios (the “Funds”) of JNL Series Trust (the “Trust”), as listed on Schedule A to the Agreement.
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 Parties have agreed to amend the Schedule B to the Agreement to reflect fee reductions for the JNL/WMC Balanced Fund and the JNL/WMC Value Fund, effective January 1, 2018.
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, 2018, attached hereto.
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2.
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Each of the Parties represents and warrants to the others that it has full authority to enter into this Amendment, upon the terms and conditions hereof, and that the individual executing this Amendment is duly authorized to bind the respective party to this Amendment.
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3.
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This Amendment may be executed in one or more counterparts, which together shall constitute one document.
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In Witness Whereof, the Adviser and the Sub-Adviser have caused this Amendment to be executed, effective January 1, 2018.
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Xxxxxxx National Asset Management, LLC
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Wellington Management Company LLP
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By:
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/s/ Xxxx X. Xxxxx
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By:
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/s/ May Yu
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Name:
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Xxxx X. Xxxxx
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Name:
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May Yu
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Title:
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President and CEO
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Title:
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Senior Managing Director
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Schedule B
Dated January 1, 2018
(Compensation)
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JNL/WMC Balanced Fund
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Average Daily Net Assets
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Annual Rate
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Assets up to $5 Billion:
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$0 to $200 Million:
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.270%
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$200 Million to $400 Million:
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.250%
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$400 Million to $2.5 Billion:
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.220%
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$2.5 Billion to $5 Billion:
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.200%
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Over $5 Billion:
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.180%
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When assets exceed $5 Billion:
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$0 to $2.5 Billion:
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.220%
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$2.5 Billion to $5 Billion:
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.200%
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Over $5 Billion:
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.170%
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JNL/WMC Government Money Market Fund
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Average Daily Net Assets
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Annual Rate
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$0 to $1 Billion:
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.040%*
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$1 Billion to $4 Billion:
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.025%*
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Over $4 Billion:
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.020%*
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* The assets of the JNL/WMC Government Money Market Fund of JNL Series Trust and the assets of the JNL Government Money Market Fund of JNL Investors Series Trust will be combined for purposes of determining the applicable annual rate.
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JNL/WMC Value Fund
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Average Daily Net Assets
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Annual Rate
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$0 to $250 Million
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.275%
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$250 Million to $1 Billion:
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.250%
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Over $1 Billion:
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.220%
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B-1
