EX-99.23(d)(135)
AMENDMENT
TO
INVESTMENT SUB-ADVISORY AGREEMENT
BETWEEN
XXXXXXX NATIONAL ASSET MANAGEMENT, LLC
AND
STANDARD & POOR'S INVESTMENT ADVISORY SERVICES LLC
This AMENDMENT is made by and between XXXXXXX NATIONAL ASSET MANAGEMENT,
LLC, a Michigan limited liability company and registered investment adviser
("Adviser"), and STANDARD & POOR'S INVESTMENT ADVISORY SERVICES LLC, a Delaware
corporation and registered investment adviser ("Sub-Adviser").
WHEREAS, the Adviser and Sub-Adviser entered into an Investment
Sub-Advisory Agreement dated as of January 31, 2001 ("Agreement"), whereby
Adviser appointed Sub-Adviser to provide certain sub-investment advisory
services to the investment portfolios of the JNL Series Trust.
WHEREAS, new funds will be added to the JNL/S&P Funds as outlined below:
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JNL/S&P Competitive Advantage Fund
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JNL/S&P Dividend Income & Growth Fund
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JNL/S&P Intrinsic Value Fund
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JNL/S&P Total Yield Fund
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WHEREAS, for the new Funds listed above, Standard & Poor's Investment
Advisory Services LLC serves as the Sub-Adviser responsible for the selection
and allocation of investments. Mellon Capital Management Corporation serves as
the Sub-Adviser responsible for trading services for the Fund.
WHEREAS, pursuant to the Agreement, the Adviser agreed to pay the
Sub-Adviser for the services provided and the expenses assumed by the
Sub-Advisor 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.
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 December 3, 2007, attached hereto.
2. Schedule B to the Agreement is hereby deleted and replaced in its
entirety with Schedule B dated December 3, 2007, attached hereto.
IN WITNESS WHEREOF, the Adviser and the Sub-Adviser have caused this
Amendment to be executed as of this 3rd day of December, 2007.
XXXXXXX NATIONAL STANDARD & POOR'S
ASSET MANAGEMENT, LLC INVESTMENT ADVISORY SERVICES LLC
By: _______________________________ By: __________________________
Name: XXXX X. XXXXX Name:_________________________
Title: PRESIDENT Title:________________________
SCHEDULE A
DECEMBER 3, 2007
(Funds)
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JNL/S&P Managed Growth Fund
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JNL/S&P Managed Conservative Fund
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JNL/S&P Managed Moderate Growth Fund
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JNL/S&P Managed Moderate Fund
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JNL/S&P Managed Aggressive Growth Fund
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JNL/S&P Retirement Income Fund
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JNL/S&P Retirement 2015 Fund
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JNL/S&P Retirement 2020 Fund
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JNL/S&P Retirement 2025 Fund
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JNL/S&P Moderate Retirement Strategy Fund
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JNL/S&P Moderate Growth Retirement Strategy Fund
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JNL/S&P Growth Retirement Strategy Fund
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JNL/S&P Disciplined Moderate Fund
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JNL/S&P Disciplined Moderate Growth Fund
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JNL/S&P Disciplined Growth Fund
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JNL/S&P Competitive Advantage Fund
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JNL/S&P Dividend Income & Growth Fund
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JNL/S&P Intrinsic Value Fund
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JNL/S&P Total Yield Fund
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SCHEDULE B
DECEMBER 3, 2007
(Compensation)
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FUNDS
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JNL/S&P Managed Growth Fund
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JNL/S&P Managed Conservative Fund
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JNL/S&P Managed Moderate Growth Fund
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JNL/S&P Managed Moderate Fund
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JNL/S&P Managed Aggressive Growth Fund
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JNL/S&P Retirement Income Fund
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JNL/S&P Retirement 2015 Fund
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JNL/S&P Retirement 2020 Fund
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JNL/S&P Retirement 2025 Fund
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JNL/S&P Moderate Retirement Strategy Fund
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JNL/S&P Moderate Growth Retirement Strategy Fund
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JNL/S&P Growth Retirement Strategy Fund
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JNL/S&P Disciplined Moderate Fund
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JNL/S&P Disciplined Moderate Growth Fund
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JNL/S&P Disciplined Growth Fund
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ASSETS ANNUAL RATE
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$0 to $1.3 Billion 0.07%
Next $1.2 Billion 0.05%
Over $2.5 Billion 0.04%
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THE ASSETS OF THE FUNDS ARE AGGREGATED FOR PURPOSES OF CALCULATING THE
SUB-ADVISORY FEE.
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JNL/S&P Competitive Advantage Fund
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JNL/S&P Dividend Income & Growth Fund
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JNL/S&P Intrinsic Value Fund
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JNL/S&P Total Yield Fund
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ASSETS ANNUAL RATE
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$0 to $1Billion 0.08%
Next $2 Billion 0.07%
Over $3 Billion 0.05%
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THE ASSETS OF THE FUNDS ARE AGGREGATED FOR PURPOSES OF CALCULATING THE
SUB-ADVISORY FEE.
