Amendment to Amended and Restated Investment Sub-Advisory Agreement Between Jackson National Asset Management, LLC
Amendment
to Amended and Restated
Investment Sub-Advisory Agreement Between
Xxxxxxx National Asset Management, LLC
and X.X. Xxxxxx Investment Management 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.X. Xxxxxx Investment Management Inc., a Delaware 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 certain sub-investment advisory services to certain investment portfolios of JNL Series Trust (“Trust”).
Whereas, the Sub-Adviser has been replaced as sub-adviser for the JNL/JPMorgan International Value Fund of the Trust.
Whereas, pursuant to this sub-adviser replacement, the Adviser and the Sub-Adviser have agreed to amend Schedule A and Schedule B of the Agreement to remove the JNL/JPMorgan International Value Fund.
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 A to the Agreement is hereby deleted and replaced in its entirety with Schedule A dated September 28, 2015, attached hereto.
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2.
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Schedule A to the Agreement is hereby deleted and replaced in its entirety with Schedule B dated September 28, 2015, attached hereto.
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In Witness Whereof, the Adviser and the Sub-Adviser have caused this Amendment to be executed as of this 3rd day of September 2015, effective September 28, 2015.
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Xxxxxxx National Asset Management, LLC
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X.X. Xxxxxx Investment Management Inc.
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| By: |
/s/ Xxxx X. Xxxxx
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By:
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/s/ Xxxx Brands
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| Name: |
Xxxx X. Xxxxx
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Name:
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Xxxx Brands
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| Title: |
President and CEO
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Title:
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Vice President
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Schedule A
Dated September 28, 2015
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Funds
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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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A-1
Schedule B
Dated September 28, 2015
(Compensation)
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JNL/JPMorgan MidCap Growth 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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0.40%
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Amounts over $1 Billion
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0.38%
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JNL/JPMorgan U.S. Government & Quality Bond Fund
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Average Daily Net Assets
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Annual Rate
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$0 to $200 Million
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0.17%**
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$200 Million to $500 Million
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0.15%
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$500 Million to $1 Billion
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0.12%
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Amounts over $1 Billion
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0.10%
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| ** When net assets drop below $500 million, the annual rate will be 0.20% for net assets between $0 to $200 million. | |
B-1
