Ex-99.23(d)(110)
AMENDMENT
TO
INVESTMENT SUB-ADVISORY AGREEMENT
BETWEEN
XXXXXXX NATIONAL ASSET MANAGEMENT, LLC
AND
PACIFIC INVESTMENT MANAGEMENT COMPANY LLC
This AMENDMENT is made by and between XXXXXXX NATIONAL ASSET MANAGEMENT,
LLC, a Michigan limited liability company and registered investment adviser
("Adviser"), and PACIFIC INVESTMENT MANAGEMENT COMPANY LLC, a Delaware limited
liability company and registered investment adviser ("Sub-Adviser").
WHEREAS, the Adviser and Sub-Adviser entered into an Investment
Sub-Advisory Agreement dated as of January 31, 2001 ("Agreement"), whereby
Adviser appointed Sub-Adviser to provide certain sub-investment advisory
services to the investment portfolios of the JNL Series Trust; and
WHEREAS, pursuant to the Agreement, the Adviser agreed to pay the
Sub-Adviser for the services provided and the expenses assumed by the
Sub-Advisor a sub-advisory fee as set forth on Schedule B to the Agreement, and
the Sub-Adviser agreed to accept such sub-advisory fee as full compensation
under the Agreement for such services and expenses; and
WHEREAS, the Adviser desires to appoint Sub-Adviser to provide, and
Sub-Adviser has agreed to provide, additional sub-investment advisory services
to a new investment portfolio of the JNL Series Trust, effective upon execution
or, if later, the date that initial capital for such investment portfolio is
first provided.
NOW THEREFORE, in consideration of the mutual covenants herein contained,
the parties hereby agree to amend the Agreement as follows:
1. Schedule A to the Agreement is hereby deleted and replaced in its
entirety with Schedule A dated January 16, 2007, attached hereto.
2. Schedule B to the Agreement is hereby deleted and replaced in its
entirety with Schedule B dated January 16, 2007, attached hereto.
IN WITNESS WHEREOF, the Adviser and the Sub-Adviser have caused this
Amendment to be executed as of this 16th day of January, 2007.
XXXXXXX NATIONAL ASSET PACIFIC INVESTMENT
MANAGEMENT, LLC MANAGEMENT COMPANY LLC
By:____________________________________ By:___________________________________
Name: Xxxxxx X. Xxxxxxx Name:_________________________________
Title: President Title:________________________________
SCHEDULE A
DATED JANUARY 16, 2007
(Funds)
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JNL/PIMCO Real Return Fund
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JNL/PIMCO Total Return Bond Fund
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SCHEDULE B
DATED JANUARY 16, 2007
(Compensation)
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JNL/PIMCO Real Return Fund
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AVERAGE DAILY NET ASSETS ANNUAL RATE
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Amounts over $0: .25%
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JNL/PIMCO Total Return Bond Fund
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AVERAGE DAILY NET ASSETS ANNUAL RATE
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Amounts over $0: .25%
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