AMENDMENT
TO
INVESTMENT SUB-ADVISORY AGREEMENT
BETWEEN
XXXXXXX NATIONAL ASSET MANAGEMENT, LLC
AND
MELLON CAPITAL MANAGEMENT CORPORATION
This AMENDMENT is made by and between XXXXXXX NATIONAL ASSET MANAGEMENT,
LLC, a Michigan limited liability company and registered investment adviser
("Adviser"), and MELLON CAPITAL MANAGEMENT CORPORATION, a Delaware corporation
and registered investment adviser ("Sub-Adviser").
WHEREAS, the Adviser and Sub-Adviser entered into an Investment
Sub-Advisory Agreement dated as of December 15, 2006 ("Agreement"), whereby
Adviser appointed Sub-Adviser to provide certain sub-investment advisory
services to certain investment portfolios of the JNL Investors 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
WHEREAS, the Adviser desires to appoint Sub-Adviser to provide, and
Sub-Adviser has agreed to provide, additional sub-investment advisory services
to two new investment portfolios of the JNL Investors Series Trust; the Xxxxxxx
Perspective European 30 Fund; and the Xxxxxxx Perspective Pacific Rim 30 Fund
("Funds"), effective upon execution or, if later, the date that initial capital
for such investment portfolio is first provided; and
WHEREAS, in order to reflect the addition of the new Funds, Schedule A,
Schedule B, and Schedule C must be amended.
NOW THEREFORE, in consideration of the mutual covenants herein contained,
the parties hereby agree to amend the Agreement as follows effective as of
December 29, 2008:
1. Schedule A to the Agreement is hereby deleted and replaced in its entirety
with Schedule A dated December 29, 2008, attached hereto.
2. Schedule B to the Agreement is hereby deleted and replaced in its entirety
with Schedule B dated December 29, 2008, attached hereto.
3. Schedule C to the Agreement is hereby deleted and replaced in its entirety
with Schedule C dated December 29, 2008, attached hereto.
IN WITNESS WHEREOF, the Adviser and the Sub-Adviser have caused this
Amendment to be executed as of this 29th day of December, 2008.
XXXXXXX NATIONAL ASSET MELLON CAPITAL MANAGEMENT
MANAGEMENT, LLC CORPORATION
By:___________________________________ By: __________________________________
Name: XXXX X. XXXXX Name: ________________________________
Title: PRESIDENT Title: _______________________________
SCHEDULE A
DECEMBER 29, 2008
(Funds)
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Xxxxxxx Perspective 5 Fund
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Xxxxxxx Perspective Index 5 Fund
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Xxxxxxx Perspective Optimized 5 Fund
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Xxxxxxx Perspective S&P 4 Fund
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Xxxxxxx Perspective VIP Fund
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Xxxxxxx Perspective European 30 Fund
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Xxxxxxx Perspective Pacific Rim 30 Fund
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SCHEDULE B
DECEMBER 29 2008
(Compensation)
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XXXXXXX PERSPECTIVE 5 FUND
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AVERAGE DAILY NET ASSETS ANNUAL RATE
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$0 to $50 Million 0.12%
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$50 Million to $100 Million 0.06%
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$100 Million to $750 Million 0.03%
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Amounts over $750 Million 0.015%
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XXXXXXX PERSPECTIVE INDEX 5 FUND
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------------------------------------------------------- --------------------
AVERAGE DAILY NET ASSETS ANNUAL RATE
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$0 to $50 Million 0.12%
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$50 Million to $100 Million 0.06%
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$100 Million to $750 Million 0.03%
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Amounts over $750 Million 0.015%
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XXXXXXX PERSPECTIVE OPTIMIZED 5 FUND
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------------------------------------------------------- --------------------
AVERAGE DAILY NET ASSETS ANNUAL RATE
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$0 to $50 Million 0.12%
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$50 Million to $100 Million 0.06%
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$100 Million to $750 Million 0.03%
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Amounts over $750 Million 0.015%
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XXXXXXX PERSPECTIVE S&P 4 FUND
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------------------------------------------------------- --------------------
AVERAGE DAILY NET ASSETS ANNUAL RATE
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$0 to $50 Million 0.12%
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$50 Million to $100 Million 0.06%
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$100 Million to $750 Million 0.03%
------------------------------------------------------- --------------------
Amounts over $750 Million 0.015%
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XXXXXXX PERSPECTIVE VIP FUND
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------------------------------------------------------- --------------------
AVERAGE DAILY NET ASSETS ANNUAL RATE
------------------------------------------------------- --------------------
$0 to $50 Million 0.12%
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$50 Million to $100 Million 0.06%
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$100 Million to $750 Million 0.03%
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Amounts over $750 Million 0.015%
------------------------------------------------------- --------------------
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XXXXXXX PERSPECTIVE EUROPEAN 30 FUND
----------------------------------------------------------------------------
AVERAGE DAILY NET ASSETS ANNUAL RATE
------------------------------------------------------- --------------------
$0 to $50 million 0.12%
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$50 to $100 million 0.06%
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$100 to $750 million 0.03%
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Over $750 million 0.015%
------------------------------------------------------- --------------------
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XXXXXXX PERSPECTIVE PACIFIC RIM 30 FUND
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AVERAGE DAILY NET ASSETS ANNUAL RATE
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$0 to $50 million 0.12%
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$50 to $100 million 0.06%
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$100 to $750 million 0.03%
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Over $750 million 0.015%
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SCHEDULE C
DECEMBER 29 2008
(Investment Objectives)
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XXXXXXX PERSPECTIVE 5 FUND
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The investment objective of the Xxxxxxx Perspective 5 Fund
is total return through capital appreciation and dividend
income.
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XXXXXXX PERSPECTIVE INDEX 5 FUND
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The investment objective of the Xxxxxxx Perspective Index 5
Fund is capital appreciation.
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XXXXXXX PERSPECTIVE OPTIMIZED 5 FUND
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The investment objective of the Xxxxxxx Perspective
Optimized 5 Fund is total return.
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XXXXXXX PERSPECTIVE S&P 4 FUND
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The investment objective of the Xxxxxxx Perspective S&P 4
Fund is capital appreciation.
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XXXXXXX PERSPECTIVE VIP FUND
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The investment objective of the Xxxxxxx Perspective VIP
Fund is total return.
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XXXXXXX PERSPECTIVE EUROPEAN 30 FUND
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The investment objective of the Xxxxxxx Perspective
European 30 Fund is to provide capital appreciation.
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XXXXXXX PERSPECTIVE PACIFIC RIM 30 FUND
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The investment objective of the Xxxxxxx Perspective
Pacific Rim 30 Fund is to provide capital appreciation.
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