Amendment to Amended and Restated Investment Advisory and Management Agreement Between JNL Variable Fund LLC and Jackson National Asset Management, LLC
EX 99.28(d)(1)(xii)
Amendment to
Amended and Restated Investment Advisory
and Management Agreement
Between JNL Variable Fund LLC and
Xxxxxxx National Asset Management, LLC
This Amendment is made by and between JNL Variable Fund LLC, a Delaware limited liability company (the “Fund”) and Xxxxxxx National Asset Management, LLC, a Michigan limited liability company (the “Adviser”).
Whereas, the Fund and the Adviser (the “Parties”) entered into an Amended and Restated Investment Advisory and Management Agreement, effective December 1, 2012, as amended (the “Agreement”), whereby the Adviser agreed to provide certain advisory services to several separate series of shares (each a “fund”) of the Fund.
Whereas, the Board of Managers of the Fund has approved the following changes (collectively, the “Changes”), effective September 25, 2017:
| 1) |
Renaming all existing Class B share references to Class I shares.
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| 2) |
Fund name changes for the following six funds:
|
JNL/Mellon Capital Global 30 Fund to the
JNL/Mellon Capital MSCI World Index Fund;
JNL/Mellon Capital Communications Sector Fund to the
JNL/Mellon Capital Telecommunications Sector Fund;
JNL/Mellon Capital Consumer Brands Sector Fund to the
JNL/Mellon Capital Consumer Discretionary Sector Fund;
JNL/Mellon Capital Oil & Gas Sector Fund to the
JNL/Mellon Capital Energy Sector Fund;
JNL/Mellon Capital Technology Sector Fund to the
JNL/Mellon Capital Information Technology Sector Fund; and
JNL/Mellon Capital Nasdaq® 100 Fund to the
JNL/Mellon Capital Nasdaq® 100 Index Fund.
| 3) |
Fee changes for all funds.
|
Whereas, pursuant to the approval of the Changes, as outlined above, the Parties have agreed to amend the Agreement, effective September 25, 2017, to:
| 1) |
Rename the Class B share reference, in the heading of Schedule B, to Class I.
|
| 2) |
Update the fund names, in Schedule A and in Schedule B, for the fund name changes outlined above.
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| 3) |
Update the fees, in Schedule B, for all funds.
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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 September 25, 2017, attached hereto.
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| 2) |
Schedule B to the Agreement is hereby deleted and replaced in its entirety with Schedule B dated September 25, 2017, attached hereto.
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| 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.
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| 4) |
This Amendment may be executed in one or more counterparts, which together shall constitute one document.
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In Witness Whereof, the Adviser and the Fund have caused this Amendment to be executed, effective September 25, 2017.
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JNL Variable Fund LLC
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Xxxxxxx National Asset Management, LLC
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By:
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/s/ Xxxxxxx X. Xxxxxx
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By:
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/s/ Xxxx X. Xxxxx
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||
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Name:
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Xxxxxxx X. Xxxxxx
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Name:
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Xxxx X. Xxxxx
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Title:
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Assistant Secretary
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Title:
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President and CEO
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-2-
Schedule A
Dated September 25, 2017
(List of Funds)
|
Funds
|
|
JNL/Mellon Capital DowSM Index Fund
|
|
JNL/Mellon Capital JNL 5 Fund
|
|
JNL/Mellon Capital MSCI World Index Fund
|
|
JNL/Mellon Capital Nasdaq® 100 Index Fund
|
|
JNL/Mellon Capital S&P® XXxx 60 Fund
|
|
JNL/Mellon Capital Consumer Discretionary Sector Fund
|
|
JNL/Mellon Capital Energy Sector Fund
|
|
JNL/Mellon Capital Financial Sector Fund
|
|
JNL/Mellon Capital Healthcare Sector Fund
|
|
JNL/Mellon Capital Information Technology Sector Fund
|
|
JNL/Mellon Capital Telecommunications Sector Fund
|
A-1
Schedule B
Dated September 25, 2017
(Compensation)
|
Fund
|
Assets
|
Advisory Fee
(Annual Rate Based on Average
Net Assets of each Fund)
|
|
JNL/Mellon Capital DowSM Index Fund
|
$0 to $50 million
$50 million to $100 million
$100 million to $750 million
$750 million to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.240%
.210%
.180%
.170%
.160%
.150%
|
|
JNL/Mellon Capital JNL 5 Fund
|
$0 to $50 million
$50 million to $100 million
$100 million to $750 million
$750 million to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.240%
.210%
.180%
.170%
.160%
.150%
|
|
JNL/Mellon Capital MSCI World Index Fund
|
$0 to $50 million
$50 million to $100 million
$100 million to $750 million
$750 million to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.240%
.210%
.180%
.170%
.160%
.150%
|
|
JNL/Mellon Capital Nasdaq® 100 Index Fund
|
$0 to $50 million
$50 million to $100 million
$100 million to $750 million
$750 million to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.240%
.210%
.180%
.170%
.160%
.150%
|
|
JNL/Mellon Capital S&P® XXxx 60 Fund
|
$0 to $50 million
$50 million to $100 million
$100 million to $750 million
$750 million to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.240%
.210%
.180%
.170%
.160%
.150%
|
|
JNL/Mellon Capital Consumer Discretionary Sector Fund
|
$0 to $50 million
$50 million to $100 million
$100 million to $750 million
$750 million to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.240%
.210%
.180%
.170%
.160%
.150%
|
|
JNL/Mellon Capital Energy Sector Fund
|
$0 to $50 million
$50 million to $100 million
$100 million to $750 million
$750 million to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.240%
.210%
.180%
.170%
.160%
.150%
|
B-1
|
Fund
|
Assets
|
Advisory Fee
(Annual Rate Based on Average
Net Assets of each Fund)
|
|
JNL/Mellon Capital Financial Sector Fund
|
$0 to $50 million
$50 million to $100 million
$100 million to $750 million
$750 million to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.240%
.210%
.180%
.170%
.160%
.150%
|
|
JNL/Mellon Capital Healthcare Sector Fund
|
$0 to $50 million
$50 million to $100 million
$100 million to $750 million
$750 million to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.240%
.210%
.180%
.170%
.160%
.150%
|
|
JNL/Mellon Capital Information Technology Sector Fund
|
$0 to $50 million
$50 million to $100 million
$100 million to $750 million
$750 million to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.240%
.210%
.180%
.170%
.160%
.150%
|
|
JNL/Mellon Capital Telecommunications Sector Fund
|
$0 to $50 million
$50 million to $100 million
$100 million to $750 million
$750 million to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.240%
.210%
.180%
.170%
.160%
.150%
|
B-2
