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
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.
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Xxxxxxx National Asset
Management, LLC
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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 | |
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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)
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JNL/Xxxxxxx Xxxxx Core Plus Bond Fund
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JNL/Xxxxxxx Sachs Emerging Markets Debt Fund
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JNL/Xxxxxxx Xxxxx Mid Cap Value Fund
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JNL/Xxxxxxx Sachs U.S. Equity Flex Fund
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Schedule B
Dated October 11, 2010
(Compensation)
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JNL/Xxxxxxx Xxxxx Core Plus Bond Fund
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Average Daily Net Assets
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Annual Rate
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$0 to $500 Million
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.25%
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$500 Million to $1 Billion
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.17%
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Amounts over $1 Billion
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.15%
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JNL/Xxxxxxx Sachs Emerging
Markets Debt Fund
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Average Daily Net Assets
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Annual Rate
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$0 to $200 Million
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.50%
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Amounts over $200 Million
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.45%
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JNL/Xxxxxxx Xxxxx Mid Cap Value Fund
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Average Daily Net Assets
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Annual Rate
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$0 to $100 Million
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.50%
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Amounts over $100 Million
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.45%
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JNL/Xxxxxxx Sachs U.S. Equity Flex Fund
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Average Daily Net Assets
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Annual Rate
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$0 to $150 Million
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.45%
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Amounts over $150 Million
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.40%
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