EX-99.23(d)(131)
AMENDMENT
TO
INVESTMENT SUB-ADVISORY AGREEMENT
BETWEEN
XXXXXXX NATIONAL ASSET MANAGEMENT, LLC
AND
X.X. XXXXXX INVESTMENT MANAGEMENT INC.
This AMENDMENT is made by and between XXXXXXX NATIONAL ASSET MANAGEMENT,
LLC, a Michigan limited liability company and registered investment adviser
("Adviser"), and X.X. XXXXXX INVESTMENT MANAGEMENT INC., 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 May 2, 2005 ("Agreement"), whereby Adviser
appointed Sub-Adviser to provide certain sub-investment advisory services to the
investment portfolios of the JNL Series Trust.
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.
WHEREAS, in order to reflect a change in sub-adviser from X.X. Xxxxxx
Investment Management Inc. to A I M Capital Management, Inc. for the
JNL/JPMorgan International Equity Fund, Schedule A and Schedule B must be
amended, to delete said fund.
WHEREAS, in order to reflect the merger of the JNL/Xxxxxx Midcap Growth
Fund into the JNL/FI Mid-Cap Equity Fund, and a subsequent change in sub-adviser
of the JNL/FI Mid-Cap Equity Fund from Pyramis Global Advisors, LLP to X.X.
Xxxxxx Investment Management, Inc., Schedule A and Schedule B must be amended,
to add the new sub-advised fund (the JNL/JPMorgan MidCap Growth Fund).
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 ASSET X.X. XXXXXX INVESTMENT
MANAGEMENT, LLC MANAGEMENT INC.
By: _______________________________ By: __________________________
Name: XXXX X. XXXXX Name:_________________________
Title: PRESIDENT Title:________________________
SCHEDULE A
DECEMBER 3, 2007
(Funds)
------------------------------------------------------------------------------
JNL/JPMorgan International Value Fund
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JNL/JPMorgan MidCap Growth Fund
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JNL/JPMorgan U.S. Government & Quality Bond Fund
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SCHEDULE B
DECEMBER 3, 2007
(Compensation)
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JNL/JPMORGAN INTERNATIONAL VALUE FUND
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AVERAGE DAILY NET ASSETS ANNUAL RATE
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$0 to $350 Million .40%
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Amounts over $350 Million .35%
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----------------------------------------------------------------------------
JNL/JPMORGAN MIDCAP GROWTH FUND
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AVERAGE DAILY NET ASSETS ANNUAL RATE
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All Assets .40%
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----------------------------------------------------------------------------
JNL/JPMORGAN U.S. GOVERNMENT & QUALITY BOND FUND
------------------------------------------------------- --------------------
AVERAGE DAILY NET ASSETS ANNUAL RATE
------------------------------------------------------- --------------------
$0 to $200 Million .20%
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$200 Million to $500 Million .15%
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Amounts over $500 Million .12%
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