EX-99.23(d)(91) AMENDMENT TO INVESTMENT ADVISORY AND MANAGEMENT AGREEMENT BETWEEN JNL SERIES TRUST AND JACKSON NATIONAL ASSET MANAGEMENT, LLC This Amendment is made as of November 1, 2005, between JNL Series Trust, a Massachusetts business trust (the...
EX-99.23(d)(91)
AMENDMENT
TO
INVESTMENT ADVISORY AND MANAGEMENT AGREEMENT
BETWEEN
JNL SERIES TRUST
AND
XXXXXXX NATIONAL ASSET MANAGEMENT, LLC
This Amendment is made as of November 1, 2005, between JNL Series Trust, a
Massachusetts business trust (the "Trust") and Xxxxxxx National Asset
Management, LLC, a Michigan limited liability company (the "Adviser").
WHEREAS, the Trust and the Adviser are parties to an Investment Advisory
and Management Agreement dated January 31, 2001 ("Advisory Agreement").
WHEREAS, the parties wish to amend the Advisory Agreement; and
WHEREAS, in order to reflect the reduction of Advisory Fees for the
JNL/Select Money Market Fund.
NOW THEREFORE, in consideration of the mutual covenants contained herein
and for other good and valuable consideration, the Fund and the Adviser agree as
follows:
1. Schedule B to the Agreement is hereby deleted and replaced in its
entirety with Schedule B dated November 1, 2005, attached hereto.
2. This Amendment may be executed in two or more counterparts which
together shall constitute one document.
JNL SERIES TRUST XXXXXXX NATIONAL ASSET MANAGEMENT, LLC
By: By:
------------------------------- -------------------------------
Name: Xxxxxx X. Xxxxxx Name: Xxxx X. Xxxxx
Title: President and Chief Executive Title: Chief Financial Officer
Officer
SCHEDULE B
DATED NOVEMBER 1, 2005
ADVISORY FEE
(ANNUAL RATE BASED
ON AVERAGE NET ASSETS
FUND ASSETS OF EACH FUND)
JNL/AIM Large Cap Growth Fund $0 to $50 million .75%
$50 to $300 million .70%
Over $300 million .65%
JNL/AIM Real Estate Fund $0 to $50 million .75%
Over $50 million .70%
JNL/AIM Small Cap Growth Fund $0 to $300 million .85%
Over $300 million .80%
JNL/Xxxxx Growth Fund $0 to $300 million .70%
$300 million to $500 million .65%
Over $500 million .60%
JNL/Eagle Core Equity Fund $0 to $50 million .70%
$50 million to $300 million .65%
Over $300 million .55%
JNL/Eagle SmallCap Equity Fund $0 to $150 million .75%
$150 million to $500 million .70%
Over $500 million .65%
JNL/FMR Balanced Fund $0 to $500 million .70%
$500 million to $750 million .65%
Over $750 million .60%
JNL/FMR Capital Growth Fund $0 to $250 million .70%
$250 million to $750 million .65%
$750 million to $1.5 billion .60%
Over $1.5 billion .55%
JNL/Franklin Xxxxxxxxx Small Cap Value Fund $0 to $200 million .85%
$200 million to $500 million .77%
Over $500 million .75%
JNL/Xxxxxxx Sachs Mid Cap Value Fund $0 to $100 million .75%
Over $100 million .70%
JNL/JPMorgan International Equity Fund $0 to $50 million .75%
$50 million to $200 million .70%
$200 million to $500 million .65%
Over $500 million .60%
JNL/JPMorgan International Value Fund $0 to $50 million .75%
$50 million to $200 million .70%
$200 million to $500 million .65%
Over $500 million .60%
JNL/Lazard Mid Cap Value Fund $0 to $100 million .75%
$100 million to $250 million .70%
Over $250 million .65%
JNL/Lazard Small Cap Value Fund $0 to $500 million .75%
Over $500 million .70%
JNL/Mellon Capital Management S&P 500 Index Fund $0 to $500 million .29%
Over $500 million .24%
JNL/Mellon Capital Management S&P 400 MidCap Index $0 to $500 million .29%
Fund Over $500 million .24%
JNL/Mellon Capital Management Small Cap Index Fund $0 to $500 million .29%
Over $500 million .24%
JNL/Mellon Capital Management International Index $0 to $500 million .30%
Fund Over $500 million .25%
JNL/Mellon Capital Management Bond Index Fund $0 to $500 million .30%
Over $500 million .25%
JNL/Mellon Capital Management Enhanced S&P 500 $0 to $50 million .50%
Stock Index Fund Over $50 million .45%
JNL/Xxxxxxxxxxx Global Growth Fund $0 to $300 million .70%
Over $300 million .60%
JNL/Xxxxxxxxxxx Growth Fund $0 to $300 million .65%
Over $300 million .60%
JNL/PIMCO Total Return Bond Fund All assets .50%
JNL/Xxxxxx Equity Fund $0 to $150 million .675%
$150 million to $300 million .60%
Over $300 million .575%
JNL/Xxxxxx Midcap Growth Fund $0 to $300 million .75%
Over $300 million .70%
JNL/Xxxxxx Value Equity Fund $0 to $150 million .675%
$150 million to $300 million .60%
Over $300 million .575%
JNL/Salomon Brothers High Yield Bond Fund $0 to $50 million .55%
$50 million to $150 million .50%
$150 million to $300million .475%
$300 million to $500 million .45%
Over $500 million .425%
JNL/Salomon Brothers Strategic Bond Fund $0 to $150 million .65%
$150 million to $500 million .60%
Over $500 million .55%
JNL/Salomon Brothers U.S. Government & Quality $0 to $150 million .50%
Bond Fund $150 million to $300 million .45%
$300 million to $500 million .40%
Over $500 million .35%
JNL/Select Balanced Fund $0 to $50 million .55%
$50 million to $150 million .50%
$150 million to $300 million .475%
$300 million to $500 million .45%
Over $500 million .425%
JNL/Select Global Growth Fund $0 to $150 million .75%
$150 million to $500 million .70%
$500 million to $750 million .65%
Over $750 million .60%
JNL/Select Large Cap Growth Fund $0 to $150 million .70%
$150 million to $500 million .65%
$500 million to $750 million .60%
Over $750 million .55%
JNL/Select Money Market Fund $0 to $500 million 0.28%
Over $500 million 0.25%
JNL/Select Value Fund $0 to $300 million .55%
$300 million to $500 million .50%
Over $500 million .45%
JNL/X. Xxxx Price Established Growth Fund $0 to $150 million .65%
$150 to $500 million .60%
Over $500 million .55%
JNL/X. Xxxx Price Mid-Cap Growth Fund $0 to $150 million .75%
Over $150 million .70%
JNL/X. Xxxx Price Value Fund $0 to $150 million .70%
$150 to $500 million .65%
Over $500 million .60%
JNL/S&P Managed Growth Fund $0 to $500 million .13%
Over $500 million .08%
JNL/S&P Managed Conservative Fund $0 to $500 million .13%
Over $500 million .08%
JNL/S&P Managed Moderate Growth Fund $0 to $500 million .13%
Over $500 million .08%
JNL/S&P Managed Moderate Fund $0 to $500 million .13%
Over $500 million .08%
JNL/S&P Managed Aggressive Growth Fund $0 to $500 million .13%
Over $500 million .08%
