Amendment to the Investment Sub-Advisory Agreement Between
EX 99.28(d)(11)(ii)
Amendment to the Investment Sub-Advisory Agreement Between
Xxxxxxx National Asset Management, LLC, Mellon Capital Management
Corporation, and Xxxxxxx Variable Series Trust
Corporation, and Xxxxxxx Variable Series Trust
This Amendment is made by and between Xxxxxxx National Asset Management, LLC, a Michigan limited liability company and registered investment adviser (the “Adviser”), Mellon Capital Management Corporation, a corporation organized under the laws of Delaware and registered investment adviser (the “Sub-Adviser”) and Xxxxxxx Variable Series Trust, a Massachusetts business trust (the “Trust”).
Whereas, the Adviser, the Sub-Adviser, and the Trust entered into an Investment Sub-Advisory Agreement effective as of the 27th day of April, 2015 (the “Agreement”), whereby the Adviser appointed the Sub-Adviser to provide certain sub-investment advisory services to certain investment portfolios of the Trust.
Whereas, the Sub-Adviser has agreed to replace Xxxxxxxxx Asset Management Ltd. as sub-adviser for the JNL/Franklin Xxxxxxxxx Frontier Markets Fund of the Trust, which will subsequently be renamed the JNL/Mellon Capital Frontier Markets 100 Index Fund.
Whereas, pursuant to this sub-adviser replacement, the Adviser, the Sub-Adviser, and the Trust have agreed to amend Schedule A and Schedule B of the Agreement to add the JNL/Mellon Capital Frontier Markets 100 Index Fund (the “Fund”), and to revise the current fee schedule for the Fund.
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 September 28, 2015, attached hereto.
|
|
2.
|
Schedule B to the Agreement is hereby deleted and replaced in its entirety with Schedule B dated September 28, 2015, attached hereto.
|
In Witness Whereof, the Adviser and the Sub-Adviser have caused this Amendment to be executed as of this 2nd day of July 2015, effective September 28, 2015.
|
Xxxxxxx National Asset Management, LLC
|
|
Mellon Capital Management Corporation
|
||
|
|
|
|
||
| By: |
/s/ Xxxx X. Xxxxx
|
|
By:
|
/s/ Xxxx Xxxxxxx-Xxxxx
|
| Name: |
Xxxx X. Xxxxx
|
|
Name:
|
Xxxx Xxxxxxx-Xxxxx
|
| Title: |
President and Chief Executive Officer
|
|
Title:
|
Managing Director
|
|
|
|
|
||
|
Xxxxxxx Variable Series Trust
|
|
|
||
|
|
|
|
||
| By: |
/s/ Xxxxx X. Xxxxxxxx
|
|
|
|
| Name: |
Xxxxx X. Xxxxxxxx
|
|
|
|
| Title: |
Assistant Vice President
|
|
|
|
Schedule A
Dated September 28, 2015
(Funds)
|
JNL Tactical ETF Conservative Fund
|
|
JNL Tactical ETF Moderate Fund
|
|
JNL Tactical ETF Growth Fund
|
|
JNL/Mellon Capital Frontier Markets 100 Index Fund
|
Schedule B
Dated September 28, 2015
(Compensation)
|
Fund
|
Assets
|
Annual Rate (Based on Average Net
Assets of each Fund)
|
|
JNL Tactical ETF Conservative Fund
|
$0 to $50 million
$50 to $100 million
$100 to $750 million
Over $750 million
|
0.090%
0.060%
0.030%
0.015%
|
|
JNL Tactical ETF Moderate Fund
|
$0 to $50 million
$50 to $100 million
$100 to $750 million
Over $750 million
|
0.090%
0.060%
0.030%
0.015%
|
|
JNL Tactical ETF Growth Fund
|
$0 to $50 million
$50 to $100 million
$100 to $750 million
Over $750 million
|
0.090%
0.060%
0.030%
0.015%
|
|
JNL/Mellon Capital Frontier Markets 100 Index Fund
|
$0 to $50 million
$50 to $100 million
$100 to $750 million
Over $750 million
|
0.09%
0.06%
0.03%
0.015%
|
