Amendment to Amended and Restated Investment Sub-Advisory Agreement Between Jackson National Asset Management, LLC and Capital Guardian Trust Company
Amendment
to Amended and Restated
Xxxxxxx National Asset Management, LLC
and Capital Guardian Trust Company
This Amendment is made by and between Xxxxxxx National Asset Management, LLC, a Michigan limited liability company and registered investment adviser (“Adviser”), and Capital Guardian Trust Company, a California corporation 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 December, 2012, as amended (“Agreement”), whereby the Adviser appointed the Sub-Adviser to provide sub-investment advisory services to certain investment portfolios (“Funds”) of JNL Series Trust (“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 Adviser and the Sub-Adviser agree to amend the sub-advisory fees as forth on Schedule B to the Agreement to reflect fee reductions for the JNL/Capital Guardian Global Balanced Fund; and the JNL/Capital Guardian Global Diversified Research Fund.
Now Therefore, in consideration of the mutual covenants herein contained, the parties hereby agree to amend the Agreement as follows:
| 1. | Schedule B to the Agreement is hereby deleted and replaced in its entirety with Schedule B dated October 1, 2015, attached hereto. |
| 2. | Except as specifically amended hereby, the Agreement shall remain in full force and effect in accordance with its terms. |
| 3. | 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. |
This Amendment may be executed in one or more counterparts, which together shall constitute one document.
In Witness Whereof, the Adviser and the Sub-Adviser have caused this Amendment to be executed as of this 23rd day of September, 2015, effective October 1, 2015.
|
Xxxxxxx National Asset Management, LLC
|
Capital Guardian Trust Company
|
|||
|
By:
|
/s/ Xxxx X. Xxxxx
|
By:
|
/s/Xxxxxxx X. Xxxxx | |
|
Name:
|
Xxxx X. Xxxxx
|
Name:
|
Xxxxxxx X. Xxxxx | |
|
Title:
|
President and CEO
|
Title:
|
Senior Vice President | |
Schedule B
Dated October 1, 2015
(Compensation)
|
JNL/Capital Guardian Global Balanced Fund (1)
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
$0 to $400 Million:
|
.41%
|
|
Over $400 Million:
|
.35%
|
|
JNL/Capital Guardian Global Diversified Research Fund (1)
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
$0 to $200 Million:
|
.475%
|
|
$200 to $400 Million:
|
.388%
|
|
Over $400 Million:
|
.375%
|
| (1) If all funds’ aggregate annualized fees exceed $1.25 million, a 5% relationship discount will be applied. Discount eligibility will be determined at each period end based upon the total annualized relationship management fees for the period. | |
B-1
