Amendment to Sub-Advisory Agreement Between Jackson National Asset Management, LLC and WCM Investment Management, LLC
Ex. 99.28(d)(49)(vii)
Amendment to Sub-Advisory Agreement
Between Xxxxxxx National Asset Management, LLC
and WCM Investment Management, LLC
This Amendment is made by and between Xxxxxxx National Asset Management, LLC, a Michigan limited liability company and registered investment adviser (the “Adviser”), and WCM Investment Management, LLC a Delaware limited liability company and registered investment adviser (the “Sub-Adviser”).
Whereas, the Adviser and the Sub-Adviser (the “Parties”) entered into an Investment Sub-Advisory Agreement effective as of September 13, 2021 wherein the August 13, 2018 Agreement, as amended, was incorporated by reference (the “Agreement”), whereby the Adviser appointed the Sub-Adviser to provide certain sub-investment advisory services to certain investment portfolios (each, a “Fund”) of JNL Series Trust (the “Trust”), as listed on Schedule A to the Agreement.
Whereas, pursuant to the Agreement, the Adviser agreed to pay sub-advisory fees as set forth on Schedule B of the Agreement to the Sub-Adviser for the services provided and the expenses assumed by the Sub-Adviser, and the Sub-Adviser agreed to accept such sub-advisory fees as full compensation under the Agreement for such services and expenses.
Whereas, the Board of Trustees of the Trust approved the JNL/WCM China Quality Growth Fund as a new Fund of the Trust and approved the Sub-Adviser to provide sub-investment advisory services to the JNL/WCM China Quality Growth Fund, each effective April 25, 2022.
Whereas, the Parties have agreed to amend the Agreement to add the JNL/WCM China Quality Growth Fund and its corresponding fees, effective April 25, 2022.
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 April 25, 2022, attached hereto. |
| 2) | Schedule B to the Agreement is hereby deleted and replaced in its entirety with Schedule B dated April 25, 2022, attached hereto. |
| 3) | Except as specifically amended hereby, the Agreement shall remain in full force and effect in accordance with its terms. |
| 4) | 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. |
| 5) | This Amendment may be executed in one or more counterparts, which together shall constitute one document. |
In Witness Whereof, the Parties have caused this Amendment to be executed, effective April 25, 2022.
| Xxxxxxx National Asset Management, LLC | WCM Investment Management, LLC | |||
|
By: |
/s/ Xxxxx X. Xxxxxxx |
By: |
/s/ Xxxxx Xxxxxxx |
|
| Name: | Xxxxx X. Xxxxxxx | Name: | Xxxxx Xxxxxxx | |
| Title: | AVP, Deputy General Counsel | Title: | Deputy Chief Compliance Officer | |
Schedule A
Dated April 25, 2022
|
Funds
|
|
| JNL Multi-Manager Emerging Markets Equity Fund | |
| JNL Multi-Manager International Small Cap Fund | |
| JNL Multi-Manager Small Cap Growth Fund | |
| JNL Multi-Manager Small Cap Value Fund | |
| JNL/WCM China Quality Growth Fund | |
| JNL/WCM Focused International Equity Fund | |
A-1
Schedule B
Dated April 25, 2022
(Compensation)
| JNL Multi-Manager Emerging Markets Equity Fund | |
| Average Daily Net Assets* | Annual Rate |
| $0 to $250 Million | 0.400% |
| Amounts over $250 Million | 0.350% |
* For the portion of the Average Daily Net Assets managed by WCM Investment Management, LLC.
| JNL Multi-Manager International Small Cap Fund | |
| Average Daily Net Assets | Annual Rate |
| All Assets* | 0.55% |
* For the portion of the Average Daily Net Assets managed by WCM Investment Management, LLC.
| JNL Multi-Manager Small Cap Growth Fund | |
| Average Daily Net Assets | Annual Rate |
| All Assets* | 0.40% |
* For the portion of the Average Daily Net Assets managed by WCM Investment Management, LLC.
| JNL Multi-Manager Small Cap Value Fund | |
| Average Daily Net Assets | Annual Rate |
| All Assets* | 0.43% |
* For the portion of the Average Daily Net Assets managed by WCM Investment Management, LLC.
| JNL/WCM China Quality Growth Fund | |
| Average Daily Net Assets | Annual Rate |
| All Assets | 0.45% |
| JNL/WCM Focused International Equity Fund | |
| Average Daily Net Assets | Annual Rate |
| $0 to $100 Million | 0.45% |
| Over $100 Million to $500 Million | 0.40% |
| Over $500 Million | 0.35% |
B-1
