Amendment to Investment Sub-Advisory Agreement Between Jackson National Asset Management, LLC and Goldman Sachs Asset Management, L.P.
EX 99.23(d)(194)
Amendment
to
Investment Sub-Advisory Agreement
Between
Xxxxxxx National Asset Management, LLC
and
Xxxxxxx Sachs Asset Management, L.P.
This Amendment is made by and between Xxxxxxx National Asset Management, LLC, a Michigan limited liability company and registered investment adviser (“Adviser”), and Xxxxxxx Sachs Asset Management, L.P., a limited partnership organized under the laws of the state of Delaware and registered investment adviser (“Sub-Adviser”).
Whereas, the Adviser and Sub-Adviser entered into an Investment Sub-Advisory Agreement dated as of May 2, 2005 (as amended, the “Agreement”), whereby the Adviser appointed the Sub-Adviser to provide certain sub-investment advisory services to certain investment portfolios of JNL Series Trust (“Trust”).
Whereas, the Adviser has appointed the Sub-Adviser to replace Credit Suisse Asset Management, LLC to provide certain sub-investment advisory services to the JNL/Credit Suisse Long/Short Fund of the Trust, which subsequently will be renamed the JNL/Xxxxxxx Xxxxx U.S. Equity Flex Fund.
Whereas, Schedule A and Schedule B must be amended to add the JNL/Xxxxxxx Sachs U.S. Equity Flex Fund to the Agreement.
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 October 11, 2010, attached hereto.
2. Schedule B to the Agreement is hereby deleted and replaced in its entirety with Schedule B dated October 11, 2010, attached hereto.
In Witness Whereof, the Adviser and the Sub-Adviser have caused this Amendment to be executed as of June 28, 2010, effective as of October 11, 2010.
Xxxxxxx National Asset
Management, LLC
|
Xxxxxxx Sachs Asset
Management, L.P.
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By:
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/s/ Xxxx X. Xxxxx |
By:
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/s/ Xxxxx X. X'Xxxx | |
Name:
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Xxxx X. Xxxxx
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Name:
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Xxxxx X. X'Xxxx
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Title:
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President and CEO
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Title:
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Managing Director
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Schedule A
Dated October 11, 2010
(Funds)
JNL/Xxxxxxx Xxxxx Core Plus Bond Fund
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JNL/Xxxxxxx Sachs Emerging Markets Debt Fund
|
JNL/Xxxxxxx Xxxxx Mid Cap Value Fund
|
JNL/Xxxxxxx Sachs U.S. Equity Flex Fund
|
Schedule B
Dated October 11, 2010
(Compensation)
JNL/Xxxxxxx Xxxxx Core Plus Bond Fund
|
|
Average Daily Net Assets
|
Annual Rate
|
$0 to $500 Million
|
.25%
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$500 Million to $1 Billion
|
.17%
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Amounts over $1 Billion
|
.15%
|
JNL/Xxxxxxx Sachs Emerging
Markets Debt Fund
|
|
Average Daily Net Assets
|
Annual Rate
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$0 to $200 Million
|
.50%
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Amounts over $200 Million
|
.45%
|
JNL/Xxxxxxx Xxxxx Mid Cap Value Fund
|
|
Average Daily Net Assets
|
Annual Rate
|
$0 to $100 Million
|
.50%
|
Amounts over $100 Million
|
.45%
|
JNL/Xxxxxxx Sachs U.S. Equity Flex Fund
|
|
Average Daily Net Assets
|
Annual Rate
|
$0 to $150 Million
|
.45%
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Amounts over $150 Million
|
.40%
|