EX-99.23(d)(14)
AMENDMENT
TO
INVESTMENT ADVISORY AND MANAGEMENT AGREEMENT
BETWEEN
JNL INVESTORS SERIES TRUST
AND
XXXXXXX NATIONAL ASSET MANAGEMENT, LLC
This Amendment is made as of December 29, 2008, between JNL Investors
Series Trust, a Massachusetts business trust (the "Trust") and Xxxxxxx National
Asset Management, LLC, a Michigan limited liability company (the "Adviser").
WHEREAS, the Trust and the Adviser are parties to an Investment Advisory
and Management Agreement dated November 1, 2005 ("Advisory Agreement").
WHEREAS, the Trust and the Adviser are currently in compliance and will
remain in compliance with their respective obligations under Rule 38a-1 under
the Investment Company Act of 1940, as amended relating to the Trust and Rule
206(4)-7 under the Investment Advisers Act of 1940, as amended relating to the
Adviser; and
WHEREAS, the parties wish to amend the Agreement in order to reflect the
addition of the following six new funds to the Trust: 1) Xxxxxxx Perspective
European 30 Fund; 2) Xxxxxxx Perspective Global Basics Fund; 3) Xxxxxxx
Perspective Global Leaders Fund; 4) Xxxxxxx Perspective Pacific Rim 30 Fund; 5)
Xxxxxxx Perspective Pan European Fund; and 6) Xxxxxxx Perspective Total Return
Fund.
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 December 29, 2008, attached hereto.
2. Schedule B to the Agreement is hereby deleted and replaced in its entirety
with Schedule B dated December 29, 2008, attached hereto.
3. This Amendment may be executed in two or more counterparts which together
shall constitute one document.
JNL INVESTORS SERIES TRUST XXXXXXX NATIONAL ASSET
MANAGEMENT, LLC
By: _______________________________ By: _______________________________
Name: Xxxxx X. Xxxx Name: Xxxx X. Xxxxx
Title: Vice President, Counsel & Secretary Title: President
SCHEDULE A
DATED DECEMBER 29, 2008
(Funds)
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Xxxxxxx Perspective Asia ex-Japan Fund
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Xxxxxxx Perspective Asia Pacific ex-Japan Bond Fund
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Xxxxxxx Perspective Asia ex-Japan Infrastructure Fund
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Xxxxxxx Perspective Asian Pacific Real Estate Fund
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Xxxxxxx Perspective China-India Fund
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Xxxxxxx Perspective Core Equity Fund
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Xxxxxxx Perspective Emerging Asia ex-Japan Fund
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Xxxxxxx Perspective European 30 Fund
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Xxxxxxx Perspective 5 Fund
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Xxxxxxx Perspective Global Basics Fund
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Xxxxxxx Perspective Global Leaders Fund
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Xxxxxxx Perspective Index 5 Fund
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Xxxxxxx Perspective Japan Fund
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Xxxxxxx Perspective Large Cap Value Fund
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Xxxxxxx Perspective Mid Cap Value Fund
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Xxxxxxx Perspective Money Market Fund
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Xxxxxxx Perspective Optimized 5 Fund
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Xxxxxxx Perspective Pacific Rim 30 Fund
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Xxxxxxx Perspective Pan European Fund
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Xxxxxxx Perspective S&P 4 Fund
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Xxxxxxx Perspective Small Cap Value Fund
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Xxxxxxx Perspective 10 x 10 Fund
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Xxxxxxx Perspective Total Return Fund
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Xxxxxxx Perspective VIP Fund
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JNL Money Market Fund
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SCHEDULE B
DATED DECEMBER 29, 2008
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FUND ASSETS ADVISORY FEE
(ANNUAL RATE BASED ON
AVERAGE NET ASSETS OF EACH FUND)
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Xxxxxxx Perspective Asia ex-Japan Fund $0 to $500 million 1.00%
Over $500 million 0.95%
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Xxxxxxx Perspective Asia Pacific ex-Japan Bond Fund $0 to $500 million 0.80%
Over $500 million 0.75%
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Xxxxxxx Perspective Asia ex-Japan Infrastructure Fund $0 to $500 million 1.00%
Over $500 million 0.95%
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Xxxxxxx Perspective Asian Pacific Real Estate Fund $0 to $500 million 1.00%
Over $500 million 0.95%
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Xxxxxxx Perspective China-India Fund $0 to $500 million 1.05%
Over $500 million 1.00%
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Xxxxxxx Perspective Core Equity Fund $0 to $500 million 0.80%
Over $500 million 0.75%
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Xxxxxxx Perspective Emerging Asia ex-Japan Fund $0 to $500 million 1.05%
Over $500 million 1.00%
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Xxxxxxx Perspective European 30 Fund $0 to $250 million 0.65%
Over $250 million 0.60%
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Xxxxxxx Perspective 5 Fund $0 to $50 million 0.65%
$50 to $100 million 0.65%
$100 to $250 million 0.65%
$250 million to $750 million 0.60%
Over $750 million 0.60%
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Xxxxxxx Perspective Global Basics Fund $0 to $500 million 1.05%
Over $500 million 1.00%
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Xxxxxxx Perspective Global Leaders Fund $0 to $500 million 1.05%
Over $500 million 1.00%
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Xxxxxxx Perspective Index 5 Fund $0 to $50 million 0.65%
$50 to $100 million 0.65%
$100 to $250 million 0.65%
$250 million to $750 million 0.60%
Over $750 million 0.60%
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Xxxxxxx Perspective Japan Fund $0 to $500 million 1.00%
Over $500 million 0.95%
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Xxxxxxx Perspective Large Cap Value Fund $0 to $500 million 0.80%
Over $500 million 0.75%
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Xxxxxxx Perspective Mid Cap Value Fund $0 to $500 million 0.85%
Over $500 million 0.80%
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Xxxxxxx Perspective Money Market Fund $0 to $500 million 0.40%
Over $500 million 0.35%
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Xxxxxxx Perspective Optimized 5 Fund $0 to $50 million 0.65%
$50 to $100 million 0.65%
$100 to $250 million 0.65%
$250 million to $750 million 0.60%
Over $750 million 0.60%
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Xxxxxxx Perspective Pacific Rim 30 Fund $0 to $250 million 0.65%
Over $250 million 0.60%
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Xxxxxxx Perspective Pan European Fund $0 to $500 million 1.05%
Over $500 million 1.00%
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Xxxxxxx Perspective S&P 4 Fund $0 to $500 million 0.80%
Over $500 million 0.75%
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Xxxxxxx Perspective Small Cap Value Fund $0 to $500 million 0.90%
Over $500 million 0.85%
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Xxxxxxx Perspective 10 x 10 Fund All Assets 0%
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Xxxxxxx Perspective Total Return Fund $0 to $500 million 0.65%
Over $500 million 0.60%
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Xxxxxxx Perspective VIP Fund $0 to $250 million 0.65%
Over $250 million 0.60%
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JNL Money Market Fund $0 to $750 million 0.20%
Over $750 million 0.18%
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