EX-99.23(d)(121)
AMENDMENT
TO
INVESTMENT SUB-ADVISORY AGREEMENT
BETWEEN
XXXXXXX NATIONAL ASSET MANAGEMENT, LLC
AND
X. XXXX PRICE ASSOCIATES, INC.
This AMENDMENT is made by and between XXXXXXX NATIONAL ASSET MANAGEMENT,
LLC, a Michigan limited liability company and registered investment adviser
("Adviser"), and X. XXXX PRICE ASSOCIATES, INC., a Maryland corporation and
registered investment adviser ("Sub-Adviser").
WHEREAS, the Adviser and Sub-Adviser entered into an Investment
Sub-Advisory Agreement dated as of January 31, 2001 ("Agreement"), whereby
Adviser appointed Sub-Adviser to provide certain sub-investment advisory
services to the investment portfolios of the JNL Series Trust; and
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; and
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 April 30, 2007, attached hereto.
IN WITNESS WHEREOF, the Adviser and the Sub-Adviser have caused this
Amendment to be executed as of this 30th day of April 2007.
XXXXXXX NATIONAL ASSET X. XXXX PRICE ASSOCIATES, INC.
MANAGEMENT, LLC
By:____________________________ By:
Xxxx X. Xxxxx Name:______________________________
Title: President Title:_____________________________
SCHEDULE B
DATED APRIL 30, 2007
(Compensation)
----------------------------------------------------------------------------
JNL/X. XXXX PRICE ESTABLISHED GROWTH FUND
----------------------------------------------------------------------------
AVERAGE DAILY NET ASSETS ANNUAL RATE
------------------------------------------------------- --------------------
$0 to $250 million .40%
------------------------------------------------------- --------------------
$250 to $500 million .375%
------------------------------------------------------- --------------------
Amounts over $500 million .35%*
------------------------------------------------------- --------------------
*When net assets exceed $1 Billion, the annual rate
asterisked is applicable to all the amounts in the JNL
/X.Xxxx Price Established Growth Fund.
----------------------------------------------------------------------------
JNL/X. XXXX PRICE MID-CAP GROWTH FUND
----------------------------------------------------------------------------
AVERAGE DAILY NET ASSETS ANNUAL RATE
------------------------------------------------------- --------------------
$0 to $20 million .60%
------------------------------------------------------- --------------------
$20 to $50 million .50%
------------------------------------------------------- --------------------
$50 to $200 million .50%
------------------------------------------------------- --------------------
Amounts over $200 Million .50%**
------------------------------------------------------- --------------------
**When net assets exceed $200 million, the annual rate
asterisked is applicable to all the amounts in the JNL/X.
Xxxx Price Mid-Cap Growth Fund.
----------------------------------------------------------------------------
JNL/X. XXXX PRICE VALUE FUND
----------------------------------------------------------------------------
AVERAGE DAILY NET ASSETS ANNUAL RATE
------------------------------------------------------- --------------------
$0 to $250 million .40%
------------------------------------------------------- --------------------
$250 to $500 million .375%
------------------------------------------------------- --------------------
Amounts over $500 Million .35%
------------------------------------------------------- --------------------