EX-99.23(d)(175)
AMENDMENT
TO
INVESTMENT ADVISORY AND MANAGEMENT AGREEMENT
BETWEEN
JNL SERIES TRUST
AND
XXXXXXX NATIONAL ASSET MANAGEMENT, LLC
This Amendment is made as of September 28, 2009, 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 are parties to an Investment Advisory
and Management Agreement dated January 31, 2001 ("Agreement").
WHEREAS, pursuant to the replacement of Xxxxxxx Xxxxx Asset Management,
L.P. with X. Xxxx Price Associates, Inc. as Investment Sub-Adviser for the
JNL/Xxxxxxx Xxxxx Short Duration Bond Fund, the parties wish to amend the
Agreement to remove the JNL/Xxxxxxx Sachs Short Duration Bond Fund, and to add
the JNL/X. Xxxx Price Short-Term Bond Fund.
WHEREAS, pursuant to the merger of the following Acquired Funds into the
Acquiring Funds, the parties wish to amend the Agreement to remove the five
Acquired Funds.
-------------------------------------------------- ------------------------------------------------
ACQUIRED FUNDS/SUB-ADVISER ACQUIRING FUNDS/SUB-ADVISER
-------------------------------------------------- ------------------------------------------------
---------------------------------------------------------------------------------------------------
JNL/PPM America Core Equity Fund/ JNL/Mellon Capital Management S&P 500 Index Fund
PPM America, Inc. / Mellon Capital Management Corporation
-------------------------------------------------- ------------------------------------------------
-------------------------------------------------- ------------------------------------------------
JNL/S&P Retirement Income Fund / Standard & Poor's JNL/S&P Managed Moderate Fund / Standard &
Investment Advisory Services, LLC Poor's Investment Advisory Services, LLC
-------------------------------------------------- ------------------------------------------------
-------------------------------------------------- ------------------------------------------------
JNL/S&P Retirement 2015 Fund / Standard & Poor's JNL/S&P Managed Moderate Growth Fund / Standard
Investment Advisory Services, LLC & Poor's Investment Advisory Services, LLC
-------------------------------------------------- ------------------------------------------------
-------------------------------------------------- ------------------------------------------------
JNL/S&P Retirement 2020 Fund / Standard & Poor's JNL/S&P Managed Growth Fund / Standard & Poor's
Investment Advisory Services, LLC Investment Advisory Services, LLC
-------------------------------------------------- ------------------------------------------------
-------------------------------------------------- ------------------------------------------------
JNL/S&P Retirement 2025 Fund / Standard & Poor's JNL/S&P Managed Growth Fund / Standard & Poor's
Investment Advisory Services, LLC Investment Advisory Services, LLC
-------------------------------------------------- ------------------------------------------------
---------------------------------------------------------------------------------------------------
WHEREAS, pursuant to the investment strategy change for the JNL/Credit
Suisse Global Natural Resources Fund and corresponding Fund name change to the
JNL/Credit Suisse Commodity Securities Fund, the parties wish to amend the
Agreement to revise said Fund's name.
WHEREAS, the parties wish to amend the Agreement in add the following two
new funds of the Trust: 1) the JNL/Mellon Capital Management Global Alpha Fund;
and 2) the JNL/Ivy Asset Strategy Fund.
WHEREAS, in order to effectuate the fund changes outlined above, Schedule A
and Schedule B to the Agreement must be amended.
NOW THEREFORE, in consideration of the mutual covenants contained herein
and for other good and valuable consideration, the Trust and the Adviser agree
as follows:
1. Schedule A to the Agreement is hereby deleted and replaced in its
entirety with Schedule A dated September 28, 2009, attached hereto.
2. Schedule B to the Agreement is hereby deleted and replaced in its
entirety with Schedule B dated September 28, 2009, attached hereto.
3. This Amendment may be executed in two or more counterparts, which
together shall constitute one document.
IN WITNESS WHEREOF, the Advisory and the Trust have caused this Amendment
to be executed as of this 28th day of September, 2009.
JNL SERIES TRUST XXXXXXX NATIONAL ASSET MANAGEMENT, LLC
By: /s/ Xxxxx X. Xxxx By: /s/ Xxxx X. Xxxxx
Name: Xxxxx X. Xxxx Name: Xxxx X. Xxxxx
Title: Vice President, Counsel, Title: President
and Secretary
SCHEDULE A
DATED SEPTEMBER 28, 2009
(List of Funds)
----------------------------------------------------------------------------
JNL/AIM International Growth Fund
----------------------------------------------------------------------------
JNL/AIM Large Cap Growth Fund
----------------------------------------------------------------------------
JNL/AIM Global Real Estate Fund
----------------------------------------------------------------------------
JNL/AIM Small Cap Growth Fund
----------------------------------------------------------------------------
JNL/Capital Guardian International Small Cap Fund
----------------------------------------------------------------------------
JNL/Capital Guardian U.S. Growth Equity Fund
----------------------------------------------------------------------------
JNL/Capital Guardian Global Diversified Research Fund
----------------------------------------------------------------------------
JNL/Capital Guardian Global Balanced Fund
----------------------------------------------------------------------------
JNL/Credit Suisse Commodity Securities Fund
----------------------------------------------------------------------------
JNL/Credit Suisse Long/Short Fund
----------------------------------------------------------------------------
JNL/Eagle Core Equity Fund
----------------------------------------------------------------------------
JNL/Eagle SmallCap Equity Fund
----------------------------------------------------------------------------
JNL/Franklin Xxxxxxxxx Founding Strategy Fund
----------------------------------------------------------------------------
JNL/Franklin Xxxxxxxxx Global Growth Fund
----------------------------------------------------------------------------
JNL/Franklin Xxxxxxxxx Income Fund
----------------------------------------------------------------------------
JNL/Franklin Xxxxxxxxx Mutual Shares Fund
----------------------------------------------------------------------------
JNL/Franklin Xxxxxxxxx Small Cap Value Fund
----------------------------------------------------------------------------
JNL/Xxxxxxx Sachs Core Plus Bond Fund
----------------------------------------------------------------------------
JNL/Xxxxxxx Xxxxx Emerging Markets Debt Fund
----------------------------------------------------------------------------
JNL/Xxxxxxx Sachs Mid Cap Value Fund
----------------------------------------------------------------------------
JNL Institutional Alt 20 Fund
----------------------------------------------------------------------------
JNL Institutional Alt 35 Fund
----------------------------------------------------------------------------
JNL Institutional Alt 50 Fund
----------------------------------------------------------------------------
JNL Institutional Alt 65 Fund
----------------------------------------------------------------------------
JNL/Ivy Asset Strategy Fund
----------------------------------------------------------------------------
JNL/JPMorgan International Value Fund
----------------------------------------------------------------------------
JNL/JPMorgan MidCap Growth Fund
----------------------------------------------------------------------------
JNL/JPMorgan U.S. Government & Quality Bond Fund
----------------------------------------------------------------------------
JNL/Lazard Emerging Markets Fund
----------------------------------------------------------------------------
JNL/Lazard Mid Cap Equity Fund
----------------------------------------------------------------------------
JNL/M&G Global Basics Fund
----------------------------------------------------------------------------
JNL/M&G Global Leaders Fund
----------------------------------------------------------------------------
JNL/Mellon Capital Management Bond Index Fund
----------------------------------------------------------------------------
JNL/Mellon Capital Management Global Alpha Fund
----------------------------------------------------------------------------
JNL/Mellon Capital Management European 30 Fund
----------------------------------------------------------------------------
JNL/Mellon Capital Management Index 5 Fund
----------------------------------------------------------------------------
JNL/Mellon Capital Management International Index Fund
----------------------------------------------------------------------------
JNL/Mellon Capital Management Pacific Rim 30 Fund
----------------------------------------------------------------------------
JNL/Mellon Capital Management Small Cap Index Fund
----------------------------------------------------------------------------
JNL/Mellon Capital Management 10 x 10 Fund
----------------------------------------------------------------------------
JNL/Mellon Capital Management S&P 500 Index Fund
----------------------------------------------------------------------------
JNL/Mellon Capital Management S&P 400 MidCap Index Fund
----------------------------------------------------------------------------
JNL/Oppenheimer Global Growth Fund
----------------------------------------------------------------------------
JNL/XXX Asia ex-Japan Fund
----------------------------------------------------------------------------
JNL/XXX China-India Fund
----------------------------------------------------------------------------
JNL/PIMCO Real Return Fund
----------------------------------------------------------------------------
JNL/PIMCO Total Return Bond Fund
----------------------------------------------------------------------------
JNL/PPM America High Yield Bond Fund
----------------------------------------------------------------------------
JNL/PPM America Mid Cap Value Fund
----------------------------------------------------------------------------
JNL/PPM America Small Cap Value Fund
----------------------------------------------------------------------------
JNL/PPM America Value Equity Fund
----------------------------------------------------------------------------
JNL/Red Rocks Listed Private Equity Fund
----------------------------------------------------------------------------
JNL/Select Balanced Fund
----------------------------------------------------------------------------
JNL/Select Money Market Fund
----------------------------------------------------------------------------
JNL/Select Value Fund
----------------------------------------------------------------------------
JNL/Select Value Fund
----------------------------------------------------------------------------
JNL/X. Xxxx Price Established Growth Fund
----------------------------------------------------------------------------
JNL/X. Xxxx Price Mid-Cap Growth Fund
----------------------------------------------------------------------------
JNL/X. Xxxx Price Short-Term Bond Fund
----------------------------------------------------------------------------
JNL/X. Xxxx Price Value Fund
----------------------------------------------------------------------------
JNL/S&P Managed Growth Fund
----------------------------------------------------------------------------
JNL/S&P Managed Conservative Fund
----------------------------------------------------------------------------
JNL/S&P Managed Moderate Growth Fund
----------------------------------------------------------------------------
JNL/S&P Managed Moderate Fund
----------------------------------------------------------------------------
JNL/S&P Managed Aggressive Growth Fund
----------------------------------------------------------------------------
JNL/S&P Disciplined Moderate Fund
----------------------------------------------------------------------------
JNL/S&P Disciplined Moderate Growth Fund
----------------------------------------------------------------------------
JNL/S&P Disciplined Growth Fund
----------------------------------------------------------------------------
JNL/S&P Competitive Advantage Fund
----------------------------------------------------------------------------
JNL/S&P Dividend Income & Growth Fund
----------------------------------------------------------------------------
JNL/S&P Intrinsic Value Fund
----------------------------------------------------------------------------
JNL/S&P Total Yield Fund
----------------------------------------------------------------------------
JNL/S&P 4 Fund
----------------------------------------------------------------------------
SCHEDULE B
DATED SEPTEMBER 28, 2009
(Compensation)
------------------------------------------------------ ---------------------------------- ----------------------------
FUND ASSETS ADVISORY FEE
(ANNUAL RATE BASED ON
AVERAGE NET ASSETS OF EACH
FUND)
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/AIM International Growth Fund $0 to $150 million .70%
$150 million to $500 million .65%
Over $500 million .60%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/AIM Large Cap Growth Fund $0 to $150 million .70%
Over $150 million .65%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/AIM Global Real Estate Fund $0 to $50 million .75%
Over $50 million .70%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/AIM Small Cap Growth Fund $0 to $300 million .85%
Over $300 million .80%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/Capital Guardian International $0 to $500 million .95%
Small Cap Fund Over $500 million .90%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/Capital Guardian U.S. Growth Equity Fund $0 to $150 million .70%
$150 million to $500 million .65%
$500 million to $750 million .60%
Over $750 million .55%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/Capital Guardian Global $0 to $150 million .75%
Diversified Research Fund $150 million to $500 million .70%
$500 million to $750 million .65%
Over $750 million .60%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/Capital Guardian Global Balanced Fund $0 to $500 million .65%
Over $500 million .60%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/Credit Suisse Commodity Securities Fund $0 to $300 million .70%
Over $300 million .60%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/Credit Suisse Long/Short Fund $0 to $300 million .80%
Over $300 million .75%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/Eagle Core Equity Fund $0 to $100 million .65%
$100 million to $300 million .60%
Over $300 million .55%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/Eagle SmallCap Equity Fund $0 to $100 million .75%
$100 million to $500 million .70%
Over $500 million .65%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/Franklin Xxxxxxxxx Founding Strategy Fund All Assets 0%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/Franklin Xxxxxxxxx Global Growth Fund $0 to $300 million .75%
$300 million to $500 million .65%
Over $500 million .60%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/Franklin Xxxxxxxxx Income Fund $0 to $100 million .80%
$100 million to $200 million .75%
$200 million to $500 million .65%
Over $500 million .60%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/Franklin Xxxxxxxxx Mutual Shares Fund $0 to $500 million .75%
Over $500 million .70%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/Franklin Xxxxxxxxx Small Cap Value Fund $0 to $200 million .85%
$200 million to $500 million .77%
Over $500 million .75%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/Xxxxxxx Sachs Core Plus Bond Fund $0 to $500 million .60%
Over $500 million .55%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/Xxxxxxx Xxxxx Emerging Markets Debt Fund $0 to $200 million .75%
Over $200 million .70%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/Xxxxxxx Sachs Mid Cap Value Fund $0 to $100 million .75%
Over $100 million .70%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/Institutional Alt 20 Fund $0 to $500 million .15%
Over $500 million .10%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/Institutional Alt 35 Fund $0 to $500 million .15%
Over $500 million .10%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/Institutional Alt 50 Fund $0 to $500 million .15%
Over $500 million .10%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/Institutional Alt 65 Fund $0 to $500 million .15%
Over $500 million .10%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/Ivy Asset Strategy Fund $0 to $500 million .90%
Over $500 million .85%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/JPMorgan International Value Fund $0 to $150 million .70%
$150 million to $500 million .65%
Over $500 million .60%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/JPMorgan MidCap Growth Fund $0 to $250 million .70%
$250 million to $750 million .65%
$750 million to $1,500 million .60%
Over $1,500 million .55%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/JPMorgan U.S. Government & Quality Bond Fund $0 to $150 million .50%
$150 million to $300 million .45%
$300 million to $500 million .40%
Over $500 million .35%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/Lazard Emerging Markets Fund $0 to $100 million 1.00%
$100 million to $250 million .90%
Over $250 million .85%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/Lazard Mid Cap Equity Fund $0 to $50 million .75%
$50 million to $250 million .70%
Over $250 million .65%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/M&G Global Basics Fund $0 to $500 million .85%
Over $500 million .80%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/M&G Global Leaders Fund $0 to $500 million .85%
Over $500 million .80%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/Mellon Capital Management Bond Index Fund $0 to $500 million .30%
$500 million to $750 million .25%
Over $750 million .24%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/Mellon Capital Management Global Alpha Fund $0 to $500 million 1.00%
Over $500 million .90%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/Mellon Capital Management European 30 Fund $0 to $50 million .37%
$50 to $100 million .31%
Over $100 million .28%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/Mellon Capital Management Index 5 Fund All assets 0%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/Mellon Capital Management International Index $0 to $500 million .30%
Fund $500 million to $750 million .25%
Over $750 million .24%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/Mellon Capital Management Pacific Rim 30 Fund $0 to $50 million .37%
$50 to $100 million .31%
Over $100 million .28%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/Mellon Capital Management Small Cap Index Fund $0 to $500 million .29%
$500 million to $750 million .24%
Over $750 million .23%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/Mellon Capital Management 10 x 10 Fund All assets 0%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/Mellon Capital Management S&P 500 Index Fund $0 to $500 million .29%
$500 million to $750 million .24%
Over $750 million .23%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/Mellon Capital Management S&P 400 MidCap Index $0 to $500 million .29%
Fund $500 million to $750 million .24%
Over $750 million .23%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/Xxxxxxxxxxx Global Growth Fund $0 to $300 million .70%
Over $300 million .60%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/XXX Asia ex-Japan Fund $0 to $500 million .90%
Over $500 million .85%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/XXX China-India Fund $0 to $500 million .90%
Over $500 million .85%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/PIMCO Real Return Fund $0 to $1 billion .50%
Over $1 billion .475%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/PIMCO Total Return Bond Fund All assets .50%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/PPM America High Yield Bond Fund $0 to $150 million .50%
$150 million to $500 million .45%
Over $500 million .425%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/PPM America Mid Cap Value Fund $0 to $500 million .75%
Over $500 million .70%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/PPM America Small Cap Value Fund $0 to $500 million .75%
Over $500 million .70%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/PPM America Value Equity Fund $0 to $300 million .55%
Over $300 million .50%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/Red Rocks Listed Private Equity Fund $0 to $200 million .85%
Over $200 million .80%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/Select Balanced Fund $0 to $50 million .55%
$50 million to $150 million .50%
$150 million to $300 million .475%
$300 million to $500 million .45%
Over $500 million .425%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/Select Money Market Fund $0 to $500 million 0.28%
Over $500 million 0.25%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/Select Value Fund $0 to $300 million .55%
$300 million to $500 million .50%
Over $500 million .45%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/X. Xxxx Price Established Growth Fund $0 to $150 million .65%
$150 to $500 million .60%
Over $500 million .55%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/X. Xxxx Price Mid-Cap Growth Fund $0 to $150 million .75%
Over $150 million .70%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/X. Xxxx Price Short-Term Bond Fund $0 to $250 million .45%
Over $250 million .40%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/X. Xxxx Price Value Fund $0 to $150 million .70%
$150 to $500 million .65%
Over $500 million .60%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/S&P Managed Growth Fund $0 to $500 million .13%
Over $500 million .08%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/S&P Managed Conservative Fund $0 to $500 million .13%
Over $500 million .08%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/S&P Managed Moderate Growth Fund $0 to $500 million .13%
Over $500 million .08%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/S&P Managed Moderate Fund $0 to $500 million .13%
Over $500 million .08%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/S&P Managed Aggressive Growth Fund $0 to $500 million .13%
Over $500 million .08%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/S&P Disciplined Moderate Fund $0 to $500 million .13%
Over $500 million .08%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/S&P Disciplined Moderate Growth Fund $0 to $500 million .13%
Over $500 million .08%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/S&P Disciplined Growth Fund $0 to $500 million .13%
Over $500 million .08%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/S&P Competitive Advantage Fund $0 to $500 million .40%
Over $500 million .35%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/S&P Dividend Income & Growth Fund $0 to $500 million .40%
Over $500 million .35%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/S&P Intrinsic Value Fund $0 to $500 million .40%
Over $500 million .35%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/S&P Total Yield Fund $0 to $500 million .40%
Over $500 million .35%
------------------------------------------------------ ---------------------------------- ----------------------------
------------------------------------------------------ ---------------------------------- ----------------------------
JNL/S&P 4 Fund All Assets 0%
------------------------------------------------------ ---------------------------------- ----------------------------
