Amendment to Amended and Restated Investment Advisory and Management Agreement Between JNL Series Trust and Jackson National Asset Management, LLC
EX 99.28(d)(1)(xii)
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 (“Agreement”), whereby the Adviser agreed to provide certain investment advisory services to several separate series of shares (each a “Fund”) of the Trust, as listed on Schedule A of the Agreement.
Whereas, the following new fund, fund merger, and fund name changes (collectively, “Fund Changes”) have been approved by the Board of Trustees of the Trust:
New Fund
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JNL/DoubleLine Shiller Enhanced CAPE Fund;
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Fund Merger:
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JNL/Mellon Capital Dow Xxxxx U.S. Contrarian Opportunities Index Fund into the JNL/Mellon Capital S&P 400 MidCap Index Fund;
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Fund Name Changes:
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JNL/BlackRock Commodity Securities Strategy Fund to JNL/BlackRock Natural Resources Fund;
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JNL/JPMorgan International Value Fund to JNL/Causeway International Value Select Fund;
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JNL/Franklin Xxxxxxxxx Small Cap Value Fund to JNL Multi-Manager Small Cap Value Fund;
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JNL/Eagle SmallCap Equity Fund to JNL Multi-Manager Small Cap Growth Fund; and
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JNL/AllianceBernstein Dynamic Asset Allocation Fund to JNL/AB Dynamic Asset Allocation Fund.
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Whereas, pursuant to the approval of the Fund Changes, as outlined above, the parties have agreed to amend Schedule A and Schedule B of the Agreement to:
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add the JNL/DoubleLine Shiller Enhanced CAPE Fund and its respective fees;
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remove the JNL/Mellon Capital Dow Xxxxx U.S. Contrarian Opportunities Index Fund and its respective fees; and
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update the fund names for the five funds, as outlined above.
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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 September 28, 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 September 28, 2015, attached hereto.
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In Witness Whereof, the Adviser and the Trust have caused this Amendment to be executed as of this 17th day of August 2015, effective September 28, 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 | Name: | Xxxx X. Xxxxx | |
| Title: | Assistant Secretary | Title: | President and CEO | |
Schedule A
Dated September 28, 2015
(List of Funds)
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Funds
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JNL/American Funds Blue Chip Income and Growth Fund
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JNL/American Funds Global Bond Fund
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JNL/American Funds Global Small Capitalization Fund
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JNL/American Funds Growth-Income Fund
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JNL/American Funds International Fund
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JNL/American Funds New World Fund
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JNL Multi-Manager Alternative Fund
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JNL Multi-Manager Small Cap Growth Fund
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JNL Multi-Manager Small Cap Value Fund
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JNL Institutional Alt 20 Fund
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JNL Institutional Alt 35 Fund
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JNL Institutional Alt 50 Fund
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JNL Alt 65 Fund
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JNL/American Funds Balanced Allocation Fund
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JNL/American Funds Growth Allocation Fund
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JNL/AB Dynamic Asset Allocation Fund
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JNL/AQR Managed Futures Strategy Fund
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JNL/BlackRock Natural Resources Fund
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JNL/BlackRock Global Allocation Fund
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JNL/BlackRock Large Cap Select Growth Fund
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JNL/Boston Partners Global Long Short Equity Fund
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JNL/Brookfield Global Infrastructure and MLP Fund
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JNL/Capital Guardian Global Balanced Fund
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JNL/Capital Guardian Global Diversified Research Fund
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JNL/Causeway International Value Select Fund
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A-1
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Funds
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JNL/DFA U.S. Core Equity Fund
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JNL/DoubleLine Shiller Enhanced CAPE Fund
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JNL/Eastspring Investments Asia ex-Japan Fund
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JNL/Eastspring Investments China-India Fund
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JNL/Franklin Xxxxxxxxx Founding Strategy Fund
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JNL/Franklin Xxxxxxxxx Global Growth Fund
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JNL/Franklin Xxxxxxxxx Global Multisector Bond Fund
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JNL/Franklin Xxxxxxxxx Income Fund
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JNL/Franklin Xxxxxxxxx International Small Cap Growth Fund
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JNL/Franklin Xxxxxxxxx Mutual Shares Fund
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JNL/Xxxxxxx Sachs Core Plus Bond Fund
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JNL/Xxxxxxx Xxxxx Emerging Markets Debt Fund
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JNL/Xxxxxxx Sachs Mid Cap Value Fund
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JNL/Xxxxxxx Xxxxx U.S. Equity Flex Fund
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JNL/Xxxxxx Oakmark Global Equity Fund
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JNL/Invesco Global Real Estate Fund
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JNL/Invesco International Growth Fund
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JNL/Invesco Large Cap Growth Fund
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JNL/Invesco Mid Cap Value Fund
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JNL/Invesco Small Cap Growth Fund
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JNL/Ivy Asset Strategy 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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JNL/Lazard Emerging Markets Fund
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JNL/Mellon Capital 10 x 10 Fund
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JNL/Mellon Capital Index 5 Fund
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JNL/Mellon Capital Emerging Markets Index Fund
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A-2
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Funds
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JNL/Mellon Capital European 30 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 International Index Fund
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JNL/Mellon Capital Bond Index Fund
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JNL/Mellon Capital Utilities Sector Fund
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JNL/MMRS Conservative Fund
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JNL/MMRS Growth Fund
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JNL/MMRS Moderate Fund
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JNL/Xxxxxx Xxxxxxx Mid Cap Growth Fund
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JNL/Xxxxxxxxx Xxxxxx Strategic Income Fund
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JNL/Xxxxxxxxxxx Emerging Markets Innovator Fund
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JNL/Xxxxxxxxxxx Global Growth Fund
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JNL/PIMCO Real Return Fund
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JNL/PIMCO Total Return Bond Fund
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JNL/PPM America Floating Rate Income Fund
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JNL/PPM America High Yield Bond Fund
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JNL/PPM America Mid Cap Value Fund
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JNL/PPM America Small Cap Value Fund
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JNL/PPM America Value Equity Fund
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JNL/Red Rocks Listed Private Equity Fund
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JNL/Scout Unconstrained Bond Fund
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JNL/X. Xxxx Price Established Growth Fund
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JNL/X. Xxxx Price Mid-Cap Growth Fund
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JNL/X. Xxxx Price Short-Term Bond Fund
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A-3
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Funds
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JNL/X. Xxxx Price Value Fund
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JNL/Westchester Capital Event Driven Fund
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JNL/WMC Balanced Fund
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JNL/WMC Money Market Fund
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JNL/WMC Value 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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JNL/S&P Mid 3 Fund
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JNL/S&P International 5 Fund
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JNL/S&P 4 Fund
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JNL/S&P Managed Conservative Fund
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JNL/S&P Managed Moderate Fund
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JNL/S&P Managed Moderate Growth Fund
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JNL/S&P Managed Growth Fund
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JNL/S&P Managed Aggressive Growth Fund
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JNL Disciplined Moderate Fund
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JNL Disciplined Moderate Growth Fund
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JNL Disciplined Growth Fund
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A-4
Schedule B
Dated September 28, 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 Multi-Manager Small Cap Growth 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 Multi-Manager 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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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
|
.300%
.275%
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JNL/AB 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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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/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 Natural Resources 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
|
.75%
.70%
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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/Causeway International Value Select 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/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/DoubleLine Shiller Enhanced CAPE Fund
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$0 to $500 million
Over $500 million
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.75%
.70%
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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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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/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 |
$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/Xxxxxxx Sachs Core Plus Bond Fund
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$0 to $500 million
$500 million to $1 billion
Over $1 billion
|
.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
|
.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
|
.75%
.70%
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JNL/Xxxxxxx Xxxxx U.S. Equity Flex Fund
|
$0 to $300 million
Over $300 million
|
.80%
.75%
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JNL/Xxxxxx Oakmark Global Equity Fund
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$0 to $1 billion
Over $1 billion
|
.85%
.80%
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JNL/Invesco Global Real Estate Fund
|
$0 to $50 million
Over $50 million
|
.75%
.70%
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JNL/Invesco International Growth Fund
|
$0 to $150 million
$150 million to $500 million
Over $500 million
|
.70%
.65%
.60%
|
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JNL/Invesco Large Cap Growth Fund
|
$0 to $150 million
Over $150 million
|
.70%
.65%
|
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JNL/Invesco Mid Cap Value Fund
|
$0 to $50 million
$50 million to $250 million
Over $250 million
|
.75%
.70%
.65%
|
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JNL/Invesco Small Cap Growth Fund
|
$0 to $300 million
Over $300 million
|
.85%
.80%
|
|
JNL/Ivy Asset Strategy Fund
|
$0 to $1.5 billion
$1.5 billion to $3 billion
Over $3 billion
|
.85%
.80%
.75%
|
|
JNL/JPMorgan MidCap Growth Fund
|
$0 to $250 million
$250 million to $750 million
$750 million to $1,500 million
Over $1,500 million
|
.70%
.65%
.60%
.55%
|
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/JPMorgan U.S. Government & Quality Bond Fund
|
$0 to $150 million
$150 million to $300 million
$300 million to $500 million
Over $500 million
|
.50%
.45%
.40%
.35%
|
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JNL/Lazard Emerging Markets Fund
|
$0 to $100 million
$100 million to $250 million
Over $250 million
|
1.00%
.90%
.85%
|
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JNL/Mellon Capital 10 x 10 Fund
|
All assets
|
0%
|
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JNL/Mellon Capital Index 5 Fund
|
All assets
|
0%
|
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JNL/Mellon Capital Emerging Markets Index Fund
|
$0 to $500 million
Over $500 million
|
.40%
.35%
|
|
JNL/Mellon Capital European 30 Fund
|
$0 to $50 million
$50 million to $100 million
Over $100 million
|
.37%
.31%
.28%
|
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JNL/Mellon Capital Pacific Rim 30 Fund
|
$0 to $50 million
$50 million to $100 million
Over $100 million
|
.37%
.31%
.28%
|
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JNL/Mellon Capital S&P 500 Index Fund
|
$0 to $500 million
$500 million to $750 million
$750 million to $3 billion
Over $3 billion
|
.28%
.24%
.23%
.22%
|
|
JNL/Mellon Capital S&P 400 MidCap Index Fund
|
$0 to $500 million
$500 million to $750 million
$750 million to $3 billion
Over $3 billion
|
.29%
.24%
.23%
.22%
|
|
JNL/Mellon Capital Small Cap Index Fund
|
$0 to $500 million
$500 million to $750 million
$750 million to $3 billion
Over $3 billion
|
.29%
.24%
.23%
.22%
|
|
JNL/Mellon Capital International Index Fund
|
$0 to $500 million
$500 million to $750 million
Over $750 million
|
.30%
.25%
.24%
|
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JNL/Mellon Capital Bond Index Fund
|
$0 to $500 million
$500 million to $750 million
Over $750 million
|
.30%
.25%
.24%
|
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JNL/Mellon Capital Utilities Sector Fund
|
$0 to $50 million
$50 million to $100 million
$100 million to $750 million
$750 million to $3 billion
Over $3 billion
|
.34%
.31%
.28%
.27%
.26%
|
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JNL/MMRS Conservative Fund
|
$0 to $1 billion
Over $1 billion
|
.30%
.25%
|
|
JNL/MMRS Growth Fund
|
$0 to $1 billion
Over $1 billion
|
.30%
.25%
|
B-4
|
Fund
|
Assets
|
Advisory Fee
(Annual Rate Based on Average
Net Assets of each Fund)
|
|
JNL/MMRS Moderate Fund
|
$0 to $1 billion
Over $1 billion
|
.30%
.25%
|
|
JNL/Xxxxxx Xxxxxxx Mid Cap Growth Fund
|
$0 to $1 billion
Over $1 billion
|
.75%
.70%
|
|
JNL/Xxxxxxxxx Xxxxxx Strategic Income Fund
|
$0 to $500 million
$500 million to $1 billion
Over $1 billion
|
.60%
.55%
.50%
|
|
JNL/Xxxxxxxxxxx Emerging Markets Innovator Fund
|
$0 to $1 billion
Over $1 billion
|
1.10%
1.05%
|
|
JNL/Xxxxxxxxxxx Global Growth Fund
|
$0 to $300 million
Over $300 million
|
.70%
.60%
|
|
JNL/PIMCO Real Return Fund
|
$0 to $1 billion
Over $1 billion
|
.50%
.475%
|
|
JNL/PIMCO Total Return Bond Fund
|
$0 to $3 billion
Over $3 billion
|
.50%
.49%
|
|
JNL/PPM America Floating Rate Income Fund
|
$0 to $500 million
Over $500 million
|
.65%
.60%
|
|
JNL/PPM America High Yield Bond Fund
|
$0 to $150 million
$150 million to $500 million
Over $500 million
|
.50%
.45%
.425%
|
|
JNL/PPM America Mid Cap Value Fund
|
$0 to $500 million
Over $500 million
|
.75%
.70%
|
|
JNL/PPM America Small Cap Value Fund
|
$0 to $500 million
Over $500 million
|
.75%
.70%
|
|
JNL/PPM America Value Equity Fund
|
$0 to $300 million
Over $300 million
|
.55%
.50%
|
|
JNL/Red Rocks Listed Private Equity Fund
|
$0 to $200 million
Over $200 million
|
.85%
.80%
|
|
JNL/Scout Unconstrained Bond Fund
|
$0 to $1 billion
Over $1 billion
|
.65%
.60%
|
|
JNL/X. Xxxx Price Established Growth Fund
|
$0 to $150 million
$150 million to $500 million
Over $500 million
|
.65%
.60%
.55%
|
|
JNL/X. Xxxx Price Mid-Cap Growth Fund
|
$0 to $150 million
Over $150 million
|
.75%
.70%
|
|
JNL/X. Xxxx Price Short-Term Bond Fund
|
$0 to $250 million
$250 million to $1.5 billion
Over $1.5 billion
|
.45%
.40%
.375%
|
|
JNL/X. Xxxx Price Value Fund
|
$0 to $150 million
$150 million to $500 million
Over $500 million
|
.70%
.65%
.60%
|
B-5
|
Fund
|
Assets
|
Advisory Fee
(Annual Rate Based on Average
Net Assets of each Fund)
|
|
JNL/Westchester Capital Event Driven Fund
|
$0 to $1 billion
Over $1 billion
|
1.10%
.95%
|
|
JNL/WMC Balanced Fund
|
$0 to $50 million
$50 million to $150 million
$150 million to $300 million
$300 million to $500 million
Over $500 million
|
.55%
.50%
.475%
.45%
.425%
|
|
JNL/WMC Money Market Fund
|
$0 to $500 million
Over $500 million
|
0.28%
0.25%
|
|
JNL/WMC Value Fund
|
$0 to $300 million
$300 million to $500 million
Over $500 million
|
.55%
.50%
.45%
|
|
JNL/S&P Competitive Advantage Fund
|
$0 to $500 million
Over $500 million
|
.40%
.35%
|
|
JNL/S&P Dividend Income & Growth Fund
|
$0 to $500 million
Over $500 million
|
.40%
.35%
|
|
JNL/S&P Intrinsic Value Fund
|
$0 to $500 million
Over $500 million
|
.40%
.35%
|
|
JNL/S&P Total Yield Fund
|
$0 to $500 million
Over $500 million
|
.40%
.35%
|
|
JNL/S&P Mid 3 Fund
|
$0 to $1 billion
Over $1 billion
|
.50%
.45%
|
|
JNL/S&P International 5 Fund
|
$0 to $1 billion
Over $1 billion
|
.45%
.40%
|
|
JNL/S&P 4 Fund
|
All Assets
|
0%
|
|
JNL/S&P Managed Conservative Fund
|
$0 to $500 million
Over $500 million
|
.13%
.08%
|
|
JNL/S&P Managed Moderate Fund
|
$0 to $500 million
Over $500 million
|
.13%
.08%
|
|
JNL/S&P Managed Moderate Growth Fund
|
$0 to $500 million
Over $500 million
|
.13%
.08%
|
|
JNL/S&P Managed Growth Fund
|
$0 to $500 million
Over $500 million
|
.13%
.08%
|
|
JNL/S&P Managed Aggressive Growth Fund
|
$0 to $500 million
Over $500 million
|
.13%
.08%
|
|
JNL Disciplined Moderate Fund
|
$0 to $500 million
Over $500 million
|
.13%
.08%
|
|
JNL Disciplined Moderate Growth Fund
|
$0 to $500 million
Over $500 million
|
.13%
.08%
|
B-6
|
Fund
|
Assets
|
Advisory Fee
(Annual Rate Based on Average
Net Assets of each Fund)
|
|
JNL Disciplined Growth Fund
|
$0 to $500 million
Over $500 million
|
.13%
.08%
|
B-7
