AMENDMENT TO INVESTMENT ADVISORY AND MANAGEMENT AGREEMENT BETWEEN JNL VARIABLE FUND LLC AND JACKSON NATIONAL ASSET MANAGEMENT, LLC
EX-99.23(d)(18)
AMENDMENT
TO
INVESTMENT ADVISORY AND MANAGEMENT AGREEMENT
BETWEEN
AND
XXXXXXX NATIONAL ASSET MANAGEMENT, LLC
This AMENDMENT is by and between JNL Variable Fund LLC, a Delaware limited liability company (the “Fund”) and Xxxxxxx National Asset Management, LLC, a Michigan limited liability company (the “Adviser”).
WHEREAS, the Fund and the Adviser entered into an Investment Advisory and Management Agreement dated January 31, 2001 (the “Agreement”), whereby the Fund retained the Adviser to perform investment advisory and management services for the Funds enumerated in the Agreement; and
WHEREAS, two new funds have been added and an additional breakpoint has been added to the advisory fee.
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 A to the Agreement is hereby deleted and replaced in its entirety with Schedule A dated May 1, 2006, attached hereto.
2. Schedule B to the Agreement is hereby deleted and replaced in its entirety with Schedule B dated May 1, 2006, attached hereto.
3. The Fund and the Adviser agree to abide and be bound by all of the terms and conditions set forth in the Agreement.
IN WITNESS WHEREOF, the Fund and the Adviser have caused this Agreement to be executed by their duly authorized officers as of the 1st day of May, 2006.
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By: |
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Name: |
Xxxxxx X. Xxxxxx |
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Title: |
President | |||
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XXXXXXX NATIONAL ASSET | |
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MANAGEMENT, LLC |
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By: |
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Name: |
Xxxx X. Xxxxx |
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Title: |
Chief Financial Officer | ||
SCHEDULE A
Dated May 1, 2006
(Fund)
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JNL/Mellon Capital Management DowSM 10 Fund |
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JNL/Mellon Capital Management S&P® 10 Fund |
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JNL/Mellon Capital Management Global 15 Fund |
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JNL/Mellon Capital Management 25 Fund |
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JNL/Mellon Capital Management Small-Cap Fund |
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JNL/Mellon Capital Management Nasdaq® 15 Fund |
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JNL/Mellon Capital Management Value Line® 25 Fund |
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JNL/Mellon Capital Management DowSM Dividend Fund |
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JNL/Mellon Capital Management S&P® 24 Fund |
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JNL/Mellon Capital Management VIP Fund |
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JNL/Mellon Capital Management JNL 5 Fund |
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JNL/Mellon Capital Management JNL Optimized 5 Fund |
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JNL/Mellon Capital Management Communications Sector Fund |
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JNL/Mellon Capital Management Consumer Brands Sector Fund |
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JNL/Mellon Capital Management Oil & Gas Sector Fund |
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JNL/Mellon Capital Management Financial Sector Fund |
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JNL/Mellon Capital Management Healthcare Sector Fund |
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JNL/Mellon Capital Management Technology Sector Fund |
SCHEDULE B
Dated May 1, 2006
(Compensation)
JNL/Mellon Capital Management DowSM 10 Fund
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$0 to $50 million |
.37% |
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$50 to $100 million |
.31% |
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$100 million to $750 million |
.28% |
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Over $750 million |
.27% |
JNL/Mellon Capital Management S&P® 10 Fund
|
$0 to $50 million |
.37% |
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$50 to $100 million |
.31% |
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$100 million to $750 million |
.28% |
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Over $750 million |
.27% |
JNL/Mellon Capital Management Global 15 Fund
|
$0 to $50 million |
.37% |
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$50 to $100 million |
.31% |
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$100 million to $750 million |
.28% |
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Over $750 million |
.27% |
JNL/Mellon Capital Management 25 Fund
|
$0 to $50 million |
.37% |
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$50 to $100 million |
.31% |
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$100 million to $750 million |
.28% |
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Over $750 million |
.27% |
JNL/Mellon Capital Management Select Small-Cap Fund
|
$0 to $50 million |
.37% |
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$50 to $100 million |
.31% |
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$100 million to $750 million |
.28% |
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Over $750 million |
.27% |
JNL/Mellon Capital Management Nasdaq® 15 Fund
|
$0 to $50 million |
.37% |
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$50 to $100 million |
.31% |
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$100 million to $750 million |
.28% |
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Over $750 million |
.27% |
JNL/Mellon Capital Management Value Line® 25 Fund
|
$0 to $50 million |
.37% |
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$50 to $100 million |
.31% |
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$100 million to $750 million |
.28% |
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Over $750 million |
.27% |
JNL/Mellon Capital Management DowSM Dividend Fund
|
$0 to $50 million |
.37% |
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$50 to $100 million |
.31% |
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$100 million to $750 million |
.28% |
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Over $750 million |
.27% |
JNL/Mellon Capital Management S&P® 24 Fund
|
$0 to $50 million |
.37% |
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$50 to $100 million |
.31% |
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$100 million to $750 million |
.28% |
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Over $750 million |
.27% |
JNL/Mellon Capital Management VIP Fund
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$0 to $50 million |
.37% |
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$50 to $100 million |
.31% |
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$100 million to $750 million |
.28% |
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Over $750 million |
.27% |
JNL/Mellon Capital Management JNL 5 Fund
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$0 to $50 million |
.37% |
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$50 to $100 million |
.31% |
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$100 million to $750 million |
.28% |
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Over $750 million |
.27% |
JNL/Mellon Capital Management JNL Optimized 5 Fund
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$0 to $50 million |
.37% |
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$50 to $100 million |
.31% |
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$100 million to $750 million |
.28% |
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Over $750 million |
.27% |
JNL/Mellon Capital Management Communications Sector Fund
|
$0 to $50 million |
.37% |
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$50 to $100 million |
.31% |
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$100 million to $750 million |
.28% |
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Over $750 million |
.27% |
JNL/Mellon Capital Management Consumer Brands Sector Fund
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$0 to $50 million |
.37% |
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$50 to $100 million |
.31% |
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$100 million to $750 million |
.28% |
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Over $750 million |
.27% |
JNL/Mellon Capital Management Oil & Gas Sector Fund
|
$0 to $50 million |
.37% |
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$50 to $100 million |
.31% |
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$100 million to $750 million |
.28% |
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Over $750 million |
.27% |
JNL/Mellon Capital Management Financial Sector Fund
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$0 to $50 million |
.37% |
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$50 to $100 million |
.31% |
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$100 million to $750 million |
.28% |
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Over $750 million |
.27% |
JNL/Mellon Capital Management Healthcare Sector Fund
|
$0 to $50 million |
.37% |
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$50 to $100 million |
.31% |
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$100 million to $750 million |
.28% |
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Over $750 million |
.27% |
JNL/Mellon Capital Management Technology Sector Fund
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$0 to $50 million |
.37% |
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$50 to $100 million |
.31% |
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$100 million to $750 million |
.28% |
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Over $750 million |
.27% |
