EX-99.d(53)
AMENDMENT
TO
INVESTMENT SUB-ADVISORY AGREEMENT
BETWEEN
XXXXXXX NATIONAL ASSET MANAGEMENT, LLC
AND
JANUS CAPITAL 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 JANUS CAPITAL MANAGEMENT, LLC, a Delaware limited liability
corporation and registered investment adviser ("Sub-Adviser").
WHEREAS, the Adviser and Sub-Adviser entered into an Investment
Sub-Advisory Agreement dated as of April 3, 2002 ("Agreement"), whereby Adviser
appointed Sub-Adviser to provide certain sub-investment advisory services to the
investment portfolios of the JNL Series Trust; and
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; and
WHEREAS, the sub advisory fees for the Janus/JNL Aggressive Growth Fund,
Janus/JNL Capital Growth Fund, Janus/JNL Balanced, Fund and the Janus/JNL Growth
& Income Fund will be amended; and
NOW THEREFORE, in consideration of the mutual covenants herein contained,
the parties hereby agree to amend the Agreement as follows:
1. Schedule B to the Agreement is hereby deleted and replaced in its entirety
with Schedule B dated May 16, 2002, attached hereto.
IN WITNESS WHEREOF, the Adviser and the Sub-Adviser have caused this
Amendment to be executed as of this 16th day of May, 2002.
XXXXXXX NATIONAL ASSET JANUS CAPITAL MANAGEMENT, LLC
MANAGEMENT, LLC
By: By:
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Name: Xxxxxx X. Xxxxxxx Name:
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Title: President Title:
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SCHEDULE B
May 16, 2002
(Compensation)
Janus/JNL Aggressive Growth Fund
Average Daily Net Assets Annual Rate
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$0 to $250 million .50%
$250 million to $750 million .45%
$750 million to $1.5 billion .40%
Amounts over $1.5 billion .35%
Janus Balanced Fund
Average Daily Net Assets Annual Rate
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$0 to $250 million .50%
$250 million to $750 million .45%
$750 million to $1.5 billion .40%
Amounts over $1.5 billion .35%
Janus/JNL Capital Growth Fund
Average Daily Net Assets Annual Rate
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$0 to $250 million .50%
$250 million to $750 million .45%
$750 million to $1.5 billion .40%
Amounts over $1.5 billion .35%
Janus/JNL Growth & Income Fund
Average Daily Net Assets Annual Rate
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$0 to $250 million .50%
$250 million to $750 million .45%
$750 million to $1.5 billion .40%
Amounts over $1.5 billion .35%
Janus/JNL Global Equities Fund
Average Daily Net Assets Annual Rate
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$0 to $100 million .55%
$100 million to $500 million .50%
Amounts over $500 million .45%