to Amended and Restated Investment Sub-Advisory Agreement Between Jackson National Asset Management, LLC
EX. 99.28(d)(25)(xi)
Amendment
to Amended and Restated
Xxxxxxx National Asset Management, LLC
and Mellon Capital Management Corporation
This Amendment is made by and between Xxxxxxx National Asset Management, LLC, a Michigan limited liability company and registered investment adviser (“Adviser”), and Mellon Capital Management Corporation, a Delaware corporation and registered investment adviser (“Sub-Adviser”).
Whereas, the Adviser and Sub-Adviser entered into an Amended and Restated Investment Sub-Advisory Agreement effective as of the 1st day of December, 2012, as amended January 1, 2013, February 20, 2013, April 29, 2013, May 30, 2013, June 3, 2013, December 17, 2013, April 28, 2014, June 4, 2014 and September 15, 2014 (“Agreement”), whereby the Adviser appointed the Sub-Adviser to provide certain sub-investment advisory services to certain investment portfolios (“Funds”) of JNL Series Trust, as listed on Schedule A to the Agreement.
Whereas, pursuant to the merger of the following fund of JNL Series Trust into another fund of JNL Series Trust, the Adviser and the Sub-Adviser have agreed to amend Schedule A and Schedule B of the Agreement to remove the following fund and its respective fees:
JNL/Mellon Capital Global Alpha 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 A to the Agreement is hereby deleted and replaced in its entirety with Schedule A dated April 27, 2015, attached hereto.
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2.
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Schedule B to the Agreement is hereby deleted and replaced in its entirety with Schedule B dated April 27, 2015, attached hereto.
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This Amendment may be executed in one or more counterparts, which together shall constitute one document.
In Witness Whereof, the Adviser and the Sub-Adviser have caused this Amendment to be executed as of this 20th day of March 2015, effective as of April 27, 2015.
| Xxxxxxx National Asset Management, LLC | Mellon Capital Management Corporation | |||
| By: |
/s/ Xxxx X. Xxxxx
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By: |
/s/Xxxx Xxxxxxx-Xxxxx
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| Name: |
Xxxx X. Xxxxx
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Name: |
Xxxx Xxxxxxx-Xxxxx
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| Title: |
President and CEO
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Title: |
Managing Director
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Schedule A
Dated April 27, 2015
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Funds
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JNL/Mellon Capital Bond Index Fund
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JNL/Mellon Capital Dow Xxxxx
U.S. Contrarian Opportunities Index Fund
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JNL/Mellon Capital Emerging Markets Index Fund
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JNL/Mellon Capital European 30 Fund
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JNL/Mellon Capital International Index Fund
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JNL/Mellon Capital Pacific Rim 30 Fund
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JNL/Mellon Capital S&P 500 Index Fund
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JNL/Mellon Capital S&P 400 MidCap Index Fund
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JNL/Mellon Capital Small Cap Index Fund
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JNL/Mellon Capital Utilities Sector 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 International 5 Fund
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JNL/S&P Intrinsic Value Fund
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JNL/S&P Mid 3 Fund
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JNL/S&P Total Yield Fund
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JNL/X. Xxxx Price Mid-Cap Growth Fund
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A-1
Schedule B
Dated April 27, 2015
(Compensation)
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JNL/Mellon Capital Bond Index Fund
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Average Daily Net Assets
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Annual Rate
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First $750 million
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0.03%
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Over $750 million
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0.015%
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JNL/Mellon Capital Dow Xxxxx
U.S. Contrarian Opportunities Index Fund
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Average Daily Net Assets
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Annual Rate
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First $50 million
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0.09%
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Next $50 million
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0.06%
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$100 million to $750 million
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0.03%
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Over $750 million
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0.015%
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JNL/Mellon Capital Emerging Markets Index Fund
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Average Daily Net Assets
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Annual Rate
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$0 to $50 million
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0.09%
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$50 million to $100 million
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0.06%
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$100 million to $750 million
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0.03%
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Over $750 million
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0.015%
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JNL/Mellon Capital European 30 Fund
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Average Daily Net Assets
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Annual Rate
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$0 to $50 million
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0.09%
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$50 million to $100 million
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0.06%
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$100 million to $750 million
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0.03%
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Over $750 million
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0.015%
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B-1
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JNL/Mellon Capital International Index Fund
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Average Daily Net Assets
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Annual Rate
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First $750 million
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0.03%
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Over $750 million
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0.015%
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JNL/Mellon Capital Pacific Rim 30 Fund
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Average Daily Net Assets
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Annual Rate
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$0 to $50 million
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0.09%
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$50 million to $100 million
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0.06%
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$100 million to $750 million
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0.03%
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Over $750 million
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0.015%
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JNL/Mellon Capital S&P 500 Index Fund
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Average Daily Net Assets
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Annual Rate
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All Assets
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0.01%
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JNL/Mellon Capital S&P 400 MidCap Index Fund
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Average Daily Net Assets
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Annual Rate
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First $750 million
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0.03%
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Over $750 million
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0.015%
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JNL/Mellon Capital Small Cap Index Fund
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Average Daily Net Assets
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Annual Rate
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First $750 million
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0.03%
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Over $750 million
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0.015%
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JNL/Mellon Capital Utilities Sector Fund
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Average Daily Net Assets
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Annual Rate
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$0 to $50 million
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0.09%
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$50 million to $100 million
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0.06%
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$100 million to $750 million
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0.03%
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Over $750 million
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0.015%
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B-2
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JNL/S&P Competitive Advantage Fund
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Average Daily Net Assets
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Annual Rate
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$0 to $100 million
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0.06%
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$100 million to $750 million
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0.03%
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Over $750 million
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0.015%
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JNL/S&P Dividend Income & Growth Fund
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Average Daily Net Assets
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Annual Rate
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$0 to $100 million
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0.06%
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$100 million to $750 million
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0.03%
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Over $750 million
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0.015%
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JNL/S&P International 5 Fund
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Average Daily Net Assets
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Annual Rate
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$0 to $50 million
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0.09%
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$50 million to $100 million
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0.06%
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$100 million to $750 million
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0.03%
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Over $750 million
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0.015%
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JNL/S&P Intrinsic Value Fund
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Average Daily Net Assets
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Annual Rate
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$0 to $100 million
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0.06%
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$100 million to $750 million
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0.03%
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Over $750 million
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0.015%
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JNL/S&P Mid 3 Fund
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Average Daily Net Assets
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Annual Rate
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$0 to $50 million
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0.09%
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$50 million to $100 million
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0.06%
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$100 million to $750 million
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0.03%
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Over $750 million
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0.015%
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B-3
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JNL/S&P Total Yield Fund
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Average Daily Net Assets
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Annual Rate
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$0 to $100 million
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0.06%
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$100 million to $750 million
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0.03%
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Over $750 million
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0.015%
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JNL/X. Xxxx Price Mid-Cap Growth Fund*
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Average Daily Net Assets
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Annual Rate
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First $50 million
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0.09%
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Next $50 million
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0.06%
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$100 million to $750 million
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0.03%
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Over $750 million
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0.015%
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| *Fees will be paid based on assets invested in the mid-cap growth index strategy portion of the JNL/X. Xxxx Price Mid-Cap Growth Fund managed by Mellon Capital Management Corporation. |
B-4
