Ex-99.23(d)(7)
AMENDMENT
TO
INVESTMENT SUB-ADVISORY AGREEMENT
BETWEEN
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
("Adviser"), and WELLINGTON MANAGEMENT COMPANY, LLP, a Massachusetts limited
liability partnership and registered investment adviser ("Sub-Adviser").
WHEREAS, the Adviser and Sub-Adviser entered into an Investment
Sub-Advisory Agreement dated as of November 1, 2005 ("Agreement"), whereby
Adviser appointed Sub-Adviser to provide certain sub-investment advisory
services to the 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 a new investment portfolio of the JNL Investors Series Trust, effective upon
execution or, if later, the date that initial capital for such investment
portfolio is first provided.
NOW THEREFORE, in consideration of the mutual covenants herein contained,
the parties hereby agree to amend the Agreement as follows:
1. Schedule A to the Agreement is hereby deleted and replaced in its
entirety with Schedule A dated January 16, 2007, attached hereto.
2. Schedule B to the Agreement is hereby deleted and replaced in its
entirety with Schedule B dated January 16, 2007, attached hereto.
IN WITNESS WHEREOF, the Adviser and the Sub-Adviser have caused this
Amendment to be executed as of this 16th day of January, 2007.
XXXXXXX NATIONAL ASSET WELLINGTON MANAGEMENT
MANAGEMENT, LLC COMPANY, LLP
By:_________________________________ By:_________________________________
Name:Xxxxxx X. Xxxxxxx Name:_______________________________
Title: President Title:______________________________
SCHEDULE A
JANUARY 16, 2007
(FUNDS)
JNL Money Market Fund
Xxxxxxx Perspective Money Market Fund
SCHEDULE B
JANUARY 16, 2007
(COMPENSATION)
JNL MONEY MARKET FUND
AVERAGE DAILY NET ASSETS ANNUAL RATE
$0 to $750 Million: .05%*
Over $750 Million: .04%*
XXXXXXX PERSPECTIVE MONEY MARKET FUND
AVERAGE DAILY NET ASSETS ANNUAL RATE
$0 to $750 Million: .05%*
Over $750 Million: .04%*
* THE ASSETS OF THE JNL/SELECT MONEY MARKET FUND OF JNL SERIES TRUST AND THE
ASSETS OF THE XXXXXXX PERSPECTIVE MONEY MARKET FUND AND JNL MONEY MARKET FUND OF
JNL INVESTORS SERIES TRUST WILL BE COMBINED FOR PURPOSES OF DETERMINING THE
APPLICABLE ANNUAL RATE.