AMENDMENT
TO
INVESTMENT SUB-ADVISORY AGREEMENT
BETWEEN
XXXXXXX NATIONAL ASSET MANAGEMENT, LLC
AND
CAPITAL GUARDIAN TRUST COMPANY
This AMENDMENT is made by and between XXXXXXX NATIONAL ASSET MANAGEMENT,
LLC, a Michigan limited liability company and registered investment adviser
("Adviser"), and CAPITAL GUARDIAN TRUST COMPANY, a California corporation and
registered investment adviser ("Sub-Adviser").
WHEREAS, the Adviser and the Sub-Adviser entered into an Investment
Sub-Advisory Agreement dated as of December 3, 2007 (as amended, the
"Agreement"), whereby Adviser appointed Sub-Adviser to provide certain
sub-investment advisory services to certain investment portfolios of the JNL
Series Trust; and
WHEREAS, the Adviser has replaced Capital Guardian Trust Company as
Sub-Adviser to the JNL/Capital Guardian International U.S. Growth Equity Fund
("Fund"); and
WHEREAS, in order to reflect the above-referenced replacement, Schedule A
and Schedule B must be amended to remove the Fund from 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 April 30, 2012, attached hereto.
2. Schedule B to the Agreement is hereby deleted and replaced in its
entirety with Schedule B dated April 30, 2012, attached hereto.
IN WITNESS WHEREOF, the Adviser and the Sub-Adviser have caused this
Amendment to be executed as of November 23, 2011, effective as of April 30,
2012.
XXXXXXX NATIONAL ASSET MANAGEMENT, LLC CAPITAL GUARDIAN TRUST COMPANY
By: /s/ Xxxx X. Xxxxx By: /s/ Xxxxx X. Xxxx
------------------------------- -----------------------
Name: Xxxx X. Xxxxx Name: Xxxxx X. Xxxx
Title: President and CEO Title: Vice President
SCHEDULE A
DATED APRIL 30, 2012
(Funds)
----------------------------------------------------
JNL/Capital Guardian Global Diversified Research
Fund
----------------------------------------------------
JNL/Capital Guardian Global Balanced Fund
----------------------------------------------------
A-1
SCHEDULE B
DATED APRIL 30, 2012
(Compensation)
----------------------------------------------------
JNL/Capital Guardian Global Balanced Fund
----------------------------------------------------
AVERAGE DAILY NET ASSETS ANNUAL RATE
----------------------------------------------------
$0 to $400 Million: .425%
----------------------------------------------------
Over $400 Million: .375%
----------------------------------------------------
----------------------------------------------------
JNL/Capital Guardian Global Diversified Research
Fund
----------------------------------------------------
AVERAGE DAILY NET ASSETS ANNUAL RATE
----------------------------------------------------
$0 to $200 Million: .50%
----------------------------------------------------
$200 to $400 Million: .45%
----------------------------------------------------
Over $400 Million: .40%
----------------------------------------------------
B-1