Amendment to Amended and Restated Investment Advisory
EX 99.28(d)(1)(xi)
Amendment to
Amended and Restated Investment Advisory
and Management Agreement
Between JNL Series Trust and
Xxxxxxx National Asset Management, LLC
This Amendment is made by and between JNL Series Trust, a Massachusetts business trust (“Trust”) and Xxxxxxx National Asset Management, LLC, a Michigan limited liability company (“Adviser”).
Whereas, the Trust and the Adviser entered into an Amended and Restated Investment Advisory and Management Agreement effective as of the 1st day of July, 2013, as amended (the “Agreement”), whereby the Adviser agreed to perform certain investment advisory services, on behalf of several separate series of shares (each a “Fund”) of the Trust, as listed on Schedule A of the Agreement.
Whereas, fee changes for the following Funds have been approved by the Board of Trustees of the Trust:
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1.
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JNL/Ivy Asset Strategy Fund;
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2.
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JNL/Mellon Capital Dow Xxxxx U.S. Contrarian Opportunities Index Fund;
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3.
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JNL/Mellon Capital Utilities Sector Fund;
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4.
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JNL/Mellon Capital S&P 400 MidCap Index Fund;
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5.
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JNL/Mellon Capital Small Cap Index Fund; and
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6.
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JNL/Mellon Capital S&P 500 Index Fund.
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Whereas, pursuant to the approval of fee changes for the Funds outlined above, the parties have agreed to amend Schedule B of the Agreement to update fees for each respective Fund.
Now Therefore, in consideration of the mutual covenants herein contained, the parties hereby agree to amend the Agreement as follows:
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1.
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Schedule B to the Agreement is hereby deleted and replaced in its entirety with Schedule B dated July 1, 2015, attached hereto.
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2.
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Except as specifically amended hereby, the Agreement shall remain in full force and effect in accordance with its terms.
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3.
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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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In Witness Whereof, the Adviser and the Trust have caused this Amendment to be executed as of this 1st day of July 2015, effective July 1, 2015.
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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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Name: Xxxxxxx X. Xxxxxx
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Name: Xxxx X. Xxxxx
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Title: Assistant Secretary
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Title: President and CEO
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Schedule B
Dated July 1, 2015
(Compensation)
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Fund
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Assets
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Advisory Fee
(Annual Rate Based on Average
Net Assets of each Fund)
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JNL/American Funds Blue Chip Income and Growth Fund
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$0 to $1 billion
Over $1 billion
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.70%
.65%
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JNL/American Funds Global Bond Fund
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$0 to $1 billion
Over $1 billion
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.70%
.65%
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JNL/American Funds Global Small Capitalization Fund
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$0 to $1 billion
Over $1 billion
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.75%
.70%
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JNL/American Funds Growth-Income Fund
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$0 to $1 billion
Over $1 billion
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.70%
.65%
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JNL/American Funds International Fund
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$0 to $1 billion
Over $1 billion
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.85%
.80%
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JNL/American Funds New World Fund
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$0 to $1 billion
Over $1 billion
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1.05%
1.00%
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JNL Multi-Manager Alternative Fund
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$0 to $1 billion
Over $1 billion
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1.75%
1.70%
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JNL Institutional Alt 20 Fund
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$0 to $500 million
Over $500 million
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.15%
.10%
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JNL Institutional Alt 35 Fund
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$0 to $500 million
Over $500 million
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.15%
.10%
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JNL Institutional Alt 50 Fund
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$0 to $500 million
Over $500 million
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.15%
.10%
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JNL Alt 65 Fund
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$0 to $500 million
Over $500 million
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.15%
.10%
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JNL/American Funds Balanced Allocation Fund
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$0 to $1 billion
Over $1 billion
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.300%
.275%
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JNL/American Funds Growth Allocation Fund
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$0 to $1 billion
Over $1 billion
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.300%
.275%
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JNL/AllianceBernstein Dynamic Asset Allocation Fund
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$0 to $1 billion
Over $1 billion
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.75%
.70%
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JNL/AQR Managed Futures Strategy Fund
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$0 to $500 million
$500 million to $1 billion
Over $1 billion
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.95%
.90%
.85%
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JNL/BlackRock Commodity Securities Strategy Fund
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$0 to $300 million
Over $300 million
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.70%
.60%
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JNL/BlackRock Global Allocation Fund
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$0 to $1 billion
Over $1 billion
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.75%
.70%
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B-1
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Fund
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Assets
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Advisory Fee
(Annual Rate Based on Average
Net Assets of each Fund)
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JNL/BlackRock Large Cap Select Growth Fund
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$0 to $150 million
$150 million to $500 million
$500 million to $750 million
Over $750 million
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.70%
.65%
.60%
.55%
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JNL/Boston Partners Global Long Short Equity Fund
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$0 to $1 billion
Over $1 billion
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1.20%
1.15%
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JNL/Brookfield Global Infrastructure and MLP Fund
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$0 to $1 billion
Over $1 billion
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.80%
.75%
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JNL/Capital Guardian Global Balanced Fund
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$0 to $500 million
Over $500 million
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.65%
.60%
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JNL/Capital Guardian Global Diversified Research Fund
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$0 to $150 million
$150 million to $500 million
$500 million to $750 million
Over $750 million
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.75%
.70%
.65%
.60%
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JNL/DFA U.S. Core Equity Fund
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$0 to $100 million
$100 million to $300 million
Over $300 million
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.65%
.60%
.55%
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JNL/Eagle SmallCap Equity Fund
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$0 to $100 million
$100 million to $500 million
Over $500 million
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.75%
.70%
.65%
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JNL/Eastspring Investments Asia ex-Japan Fund
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$0 to $500 million
Over $500 million
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.90%
.85%
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JNL/Eastspring Investments China-India Fund
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$0 to $500 million
Over $500 million
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.90%
.85%
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JNL/Franklin Xxxxxxxxx Founding Strategy Fund
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All Assets
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0%
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JNL/Franklin Xxxxxxxxx Global Growth Fund
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$0 to $300 million
$300 million to $500 million
Over $500 million
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.75%
.65%
.60%
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JNL/Franklin Xxxxxxxxx Global Multisector Bond Fund
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$0 to $1 billion
$1 billion to $2 billion
Over $2 billion
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.75%
.70%
.65%
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JNL/Franklin Xxxxxxxxx Income Fund
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$0 to $100 million
$100 million to $200 million
$200 million to $500 million
Over $500 million
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.80%
.75%
.65%
.60%
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JNL/Franklin Xxxxxxxxx International
Small Cap Growth Fund
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$0 to $500 million
Over $500 million
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.95%
.90%
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JNL/Franklin Xxxxxxxxx Mutual Shares Fund
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$0 to $500 million
Over $500 million
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.75%
.70%
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JNL/Franklin Xxxxxxxxx Small Cap Value Fund
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$0 to $200 million
$200 million to $500 million
Over $500 million
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.85%
.77%
.75%
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B-2
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Fund
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Assets
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Advisory Fee
(Annual Rate Based on Average
Net Assets of each Fund)
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JNL/Xxxxxxx Sachs Core Plus Bond Fund
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$0 to $500 million
$500 million to $1 billion
Over $1 billion
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.60%
.55%
.50%
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JNL/Xxxxxxx Xxxxx Emerging Markets Debt Fund
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$0 to $200 million
$200 million to $1 billion
Over $1 billion
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.75%
.70%
.675%
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JNL/Xxxxxxx Sachs Mid Cap Value Fund
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$0 to $100 million
Over $100 million
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.75%
.70%
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JNL/Xxxxxxx Xxxxx U.S. Equity Flex Fund
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$0 to $300 million
Over $300 million
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.80%
.75%
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JNL/Xxxxxx Oakmark Global Equity Fund
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$0 to $1 billion
Over $1 billion
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.85%
.80%
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JNL/Invesco Global Real Estate Fund
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$0 to $50 million
Over $50 million
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.75%
.70%
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JNL/Invesco International Growth Fund
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$0 to $150 million
$150 million to $500 million
Over $500 million
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.70%
.65%
.60%
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JNL/Invesco Large Cap Growth Fund
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$0 to $150 million
Over $150 million
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.70%
.65%
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JNL/Invesco Mid Cap Value Fund
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$0 to $50 million
$50 million to $250 million
Over $250 million
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.75%
.70%
.65%
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JNL/Invesco Small Cap Growth Fund
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$0 to $300 million
Over $300 million
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.85%
.80%
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JNL/Ivy Asset Strategy Fund
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$0 to $1.5 billion
$1.5 billion to $3 billion
Over $3 billion
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.85%
.80%
.75%
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JNL/JPMorgan International Value Fund
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$0 to $150 million
$150 million to $500 million
Over $500 million
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.70%
.65%
.60%
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JNL/JPMorgan MidCap Growth Fund
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$0 to $250 million
$250 million to $750 million
$750 million to $1,500 million
Over $1,500 million
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.70%
.65%
.60%
.55%
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JNL/JPMorgan U.S. Government & Quality Bond Fund
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$0 to $150 million
$150 million to $300 million
$300 million to $500 million
Over $500 million
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.50%
.45%
.40%
.35%
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JNL/Lazard Emerging Markets Fund
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$0 to $100 million
$100 million to $250 million
Over $250 million
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1.00%
.90%
.85%
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JNL/Mellon Capital 10 x 10 Fund
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All assets
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0%
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B-3
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Fund
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Assets
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Advisory Fee
(Annual Rate Based on Average
Net Assets of each Fund)
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JNL/Mellon Capital Index 5 Fund
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All assets
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0%
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JNL/Mellon Capital Emerging Markets Index Fund
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$0 to $500 million
Over $500 million
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.40%
.35%
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JNL/Mellon Capital European 30 Fund
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$0 to $50 million
$50 million to $100 million
Over $100 million
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.37%
.31%
.28%
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JNL/Mellon Capital Pacific Rim 30 Fund
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$0 to $50 million
$50 million to $100 million
Over $100 million
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.37%
.31%
.28%
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JNL/Mellon Capital S&P 500 Index Fund
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$0 to $500 million
$500 million to $750 million
$750 million to $3 billion
Over $3 billion
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.28%
.24%
.23%
.22%
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JNL/Mellon Capital S&P 400 MidCap Index Fund
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$0 to $500 million
$500 million to $750 million
$750 million to $3 billion
Over $3 billion
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.29%
.24%
.23%
.22%
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JNL/Mellon Capital Small Cap Index Fund
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$0 to $500 million
$500 million to $750 million
$750 million to $3 billion
Over $3 billion
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.29%
.24%
.23%
.22%
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JNL/Mellon Capital International Index Fund
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$0 to $500 million
$500 million to $750 million
Over $750 million
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.30%
.25%
.24%
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JNL/Mellon Capital Bond Index Fund
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$0 to $500 million
$500 million to $750 million
Over $750 million
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.30%
.25%
.24%
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JNL/Mellon Capital Dow Xxxxx U.S. Contrarian Opportunities Index Fund
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$0 to $1 billion
$1 to $3 billion
Over $3 billion
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.325%
.300%
.290%
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JNL/Mellon Capital Utilities Sector Fund
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$0 to $50 million
$50 million to $100 million
$100 million to $750 million
$750 million to $3 billion
Over $3 billion
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.34%
.31%
.28%
.27%
.26%
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JNL/MMRS Conservative Fund
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$0 to $1 billion
Over $1 billion
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.30%
.25%
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JNL/MMRS Growth Fund
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$0 to $1 billion
Over $1 billion
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.30%
.25%
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JNL/MMRS Moderate Fund
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$0 to $1 billion
Over $1 billion
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.30%
.25%
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JNL/Xxxxxx Xxxxxxx Mid Cap Growth Fund
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$0 to $1 billion
Over $1 billion
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.75%
.70%
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B-4
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Fund
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Assets
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Advisory Fee
(Annual Rate Based on Average
Net Assets of each Fund)
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JNL/Xxxxxxxxx Xxxxxx Strategic Income Fund
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$0 to $500 million
$500 million to $1 billion
Over $1 billion
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.60%
.55%
.50%
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JNL/Xxxxxxxxxxx Emerging Markets Innovator Fund
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$0 to $1 billion
Over $1 billion
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1.10%
1.05%
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JNL/Xxxxxxxxxxx Global Growth Fund
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$0 to $300 million
Over $300 million
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.70%
.60%
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JNL/PIMCO Real Return Fund
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$0 to $1 billion
Over $1 billion
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.50%
.475%
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JNL/PIMCO Total Return Bond Fund
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$0 to $3 billion
Over $3 billion
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.50%
.49%
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JNL/PPM America Floating Rate Income Fund
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$0 to $500 million
Over $500 million
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.65%
.60%
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JNL/PPM America High Yield Bond Fund
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$0 to $150 million
$150 million to $500 million
Over $500 million
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.50%
.45%
.425%
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JNL/PPM America Mid Cap Value Fund
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$0 to $500 million
Over $500 million
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.75%
.70%
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JNL/PPM America Small Cap Value Fund
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$0 to $500 million
Over $500 million
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.75%
.70%
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JNL/PPM America Value Equity Fund
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$0 to $300 million
Over $300 million
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.55%
.50%
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JNL/Red Rocks Listed Private Equity Fund
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$0 to $200 million
Over $200 million
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.85%
.80%
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JNL/Scout Unconstrained Bond Fund
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$0 to $1 billion
Over $1 billion
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.65%
.60%
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JNL/X. Xxxx Price Established Growth Fund
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$0 to $150 million
$150 million to $500 million
Over $500 million
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.65%
.60%
.55%
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JNL/X. Xxxx Price Mid-Cap Growth Fund
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$0 to $150 million
Over $150 million
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.75%
.70%
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JNL/X. Xxxx Price Short-Term Bond Fund
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$0 to $250 million
$250 million to $1.5 billion
Over $1.5 billion
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.45%
.40%
.375%
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JNL/X. Xxxx Price Value Fund
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$0 to $150 million
$150 million to $500 million
Over $500 million
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.70%
.65%
.60%
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JNL/Westchester Capital Event Driven Fund
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$0 to $1 billion
Over $1 billion
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1.10%
.95%
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B-5
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Fund
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Assets
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Advisory Fee
(Annual Rate Based on Average
Net Assets of each Fund)
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JNL/WMC Balanced Fund
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$0 to $50 million
$50 million to $150 million
$150 million to $300 million
$300 million to $500 million
Over $500 million
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.55%
.50%
.475%
.45%
.425%
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JNL/WMC Money Market Fund
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$0 to $500 million
Over $500 million
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0.28%
0.25%
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JNL/WMC Value Fund
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$0 to $300 million
$300 million to $500 million
Over $500 million
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.55%
.50%
.45%
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JNL/S&P Competitive Advantage Fund
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$0 to $500 million
Over $500 million
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.40%
.35%
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JNL/S&P Dividend Income & Growth Fund
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$0 to $500 million
Over $500 million
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.40%
.35%
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JNL/S&P Intrinsic Value Fund
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$0 to $500 million
Over $500 million
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.40%
.35%
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JNL/S&P Total Yield Fund
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$0 to $500 million
Over $500 million
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.40%
.35%
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JNL/S&P Mid 3 Fund
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$0 to $1 billion
Over $1 billion
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.50%
.45%
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JNL/S&P International 5 Fund
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$0 to $1 billion
Over $1 billion
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.45%
.40%
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JNL/S&P 4 Fund
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All Assets
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0%
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JNL/S&P Managed Conservative Fund
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$0 to $500 million
Over $500 million
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.13%
.08%
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JNL/S&P Managed Moderate Fund
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$0 to $500 million
Over $500 million
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.13%
.08%
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JNL/S&P Managed Moderate Growth Fund
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$0 to $500 million
Over $500 million
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.13%
.08%
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JNL/S&P Managed Growth Fund
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$0 to $500 million
Over $500 million
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.13%
.08%
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JNL/S&P Managed Aggressive Growth Fund
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$0 to $500 million
Over $500 million
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.13%
.08%
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JNL Disciplined Moderate Fund
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$0 to $500 million
Over $500 million
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.13%
.08%
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JNL Disciplined Moderate Growth Fund
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$0 to $500 million
Over $500 million
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.13%
.08%
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JNL Disciplined Growth Fund
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$0 to $500 million
Over $500 million
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.13%
.08%
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B-6
