Amendment to Investment Sub-Advisory Agreement between Jackson National Asset Management, LLC and Lazard Asset Management LLC
EX 99.28(d)(207)
Amendment
to
Investment Sub-Advisory Agreement
between
Xxxxxxx National Asset Management, LLC
and
Lazard Asset Management LLC
This Amendment is made by and between Xxxxxxx National Asset Management, LLC, a Michigan limited liability company and registered investment adviser (“Adviser”), and Lazard Asset Management 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 JNL Series Trust.
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.
Whereas, the Adviser and Sub-Adviser have agreed to a fee reduction for the JNL/Lazard Emerging Markets Fund.
Whereas, in order to reflect this fee reduction, Schedule B to the Agreement must be amended.
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 B to the Agreement is hereby deleted and replaced in its entirety with Schedule B dated May 24, 2011, attached hereto.
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In Witness Whereof, the Adviser and the Sub-Adviser have caused this Amendment to be executed as of , 2011, effective as of May 24, 2011.
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Xxxxxxx National Asset Management, LLC
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Lazard Asset Management LLC
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By: /s/ Xxxx X. Xxxxx
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By: /s/ Xxxxxxx X. Xxxxxxx
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Name: Xxxx X. Xxxxx
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Name: Xxxxxxx X. Xxxxxxx
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Title: President and CEO
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Title: Deputy Chairman
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Schedule B
May 24, 2011
(Compensation)
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JNL/Lazard Emerging Markets 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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0.75%
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$50 to $200 Million
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0.65%
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$200 to $600 Million
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0.575%
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Amounts Over $600 Million
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0.525%
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JNL/Lazard Mid Cap Equity Fund
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Average Daily Net Assets
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Annual Rate
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$0 to $250 Million
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0.45%
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Amounts Over $250 Million
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0.40%
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B-1
