EX-99.23(d)(8)
AMENDMENT
TO
INVESTMENT ADVISORY AND MANAGEMENT AGREEMENT
BETWEEN
JNL INVESTORS SERIES TRUST
AND
XXXXXXX NATIONAL ASSET MANAGEMENT, LLC
This Amendment is made as of December 27, 2007, between JNL Investors
Series Trust, a Massachusetts business trust (the "Trust") and Xxxxxxx National
Asset Management, LLC, a Michigan limited liability company (the "Adviser").
WHEREAS, the Trust and the Adviser are parties to an Investment Advisory
and Management Agreement dated November 1, 2005 ("Advisory Agreement").
WHEREAS, the Trust and the Adviser are currently in compliance and will
remain in compliance with their respective obligations under Rule 38a-1 under
the Investment Company Act of 1940, as amended relating to the Trust and Rule
206(4)-7 under the Investment Advisers Act of 1940, as amended relating to the
Adviser; and
WHEREAS, the parties wish to amend the Agreement in order to reflect the
addition of thirteen new retail funds to the Trust: 1) Xxxxxxx Perspective Asia
ex-Japan Fund; 2) Xxxxxxx Perspective Asian Bond Fund; 3) Xxxxxxx Perspective
Asian Infrastructure Fund; 4) Xxxxxxx Perspective Asian Real Estate Fund; 5)
Xxxxxxx Perspective China-India Fund; 6) Xxxxxxx Perspective Core Equity Fund;
7) Xxxxxxx Perspective Emerging Asia Fund; 8) Xxxxxxx Perspective Japan Fund; 9)
Xxxxxxx Perspective Large Cap Value Fund; 10) Xxxxxxx Perspective Mid Cap Value
Fund; 11) Xxxxxxx Perspective S&P 4 Fund; 12) Xxxxxxx Perspective Small Cap
Value Fund; and 13) Xxxxxxx Perspective VIP Fund.
NOW THEREFORE, in consideration of the mutual covenants contained herein
and for other good and valuable consideration, the Fund and the Adviser agree as
follows:
1. Schedule A to the Agreement is hereby deleted and replaced in its
entirety with Schedule A dated December 27, 2007, attached hereto.
2. Schedule B to the Agreement is hereby deleted and replaced in its
entirety with Schedule B dated December 27, 2007, attached hereto.
3. This Amendment may be executed in two or more counterparts which
together shall constitute one document.
JNL INVESTORS SERIES TRUST XXXXXXX NATIONAL ASSET
MANAGEMENT, LLC
By: _______________________________ By: _______________________________
Name: Xxxxx X. Xxxx Name: Xxxx X. Xxxxx
Title: Vice President, Counsel Title: President
& Secretary
SCHEDULE A
DATED DECEMBER 27, 2007
(Funds)
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Xxxxxxx Perspective Asia ex-Japan Fund
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Xxxxxxx Perspective Asian Bond Fund
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Xxxxxxx Perspective Asian Infrastructure Fund
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Xxxxxxx Perspective Asian Real Estate Fund
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Xxxxxxx Perspective China-India Fund
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Xxxxxxx Perspective Core Equity Fund
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Xxxxxxx Perspective Emerging Asia Fund
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Xxxxxxx Perspective 5 Fund
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Xxxxxxx Perspective Index 5 Fund
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Xxxxxxx Perspective Japan Fund
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Xxxxxxx Perspective Large Cap Value Fund
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Xxxxxxx Perspective Mid Cap Value Fund
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Xxxxxxx Perspective Money Market Fund
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Xxxxxxx Perspective Optimized 5 Fund
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Xxxxxxx Perspective S&P 4 Fund
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Xxxxxxx Perspective Small Cap Value Fund
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Xxxxxxx Perspective 10 x 10 Fund
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Xxxxxxx Perspective VIP Fund
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JNL Money Market Fund
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SCHEDULE B
DATED DECEMBER 27, 2007
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FUND ASSETS ADVISORY FEE
(ANNUAL RATE BASED ON
AVERAGE NET ASSETS OF EACH
FUND)
------------------------------------------------------ ---------------------------------- ----------------------------
Xxxxxxx Perspective Asia ex-Japan Fund $0 to $500 million 1.00%
Over $500 million 0.95%
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Xxxxxxx Perspective Asian Bond Fund $0 to $500 million 0.80%
Over $500 million 0.75%
------------------------------------------------------ ---------------------------------- ----------------------------
Xxxxxxx Perspective Asian Infrastructure Fund $0 to $500 million 1.00%
Over $500 million 0.95%
------------------------------------------------------ ---------------------------------- ----------------------------
Xxxxxxx Perspective Asian Real Estate Fund $0 to $500 million 1.00%
Over $500 million 0.95%
------------------------------------------------------ ---------------------------------- ----------------------------
Xxxxxxx Perspective China-India Fund $0 to $500 million 1.05%
Over $500 million 1.00%
------------------------------------------------------ ---------------------------------- ----------------------------
Xxxxxxx Perspective Core Equity Fund $0 to $500 million 0.80%
Over $500 million 0.75%
------------------------------------------------------ ---------------------------------- ----------------------------
Xxxxxxx Perspective Emerging Asia Fund $0 to $500 million 1.05%
Over $500 million 1.00%
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Xxxxxxx Perspective 5 Fund $0 to $50 million 0.65%
$50 to $100 million 0.65%
$100 to $250 million 0.65%
$250 million to $750 million 0.60%
Over $750 million 0.60%
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Xxxxxxx Perspective Index 5 Fund $0 to $50 million 0.65%
$50 to $100 million 0.65%
$100 to $250 million 0.65%
$250 million to $750 million 0.60%
Over $750 million 0.60%
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Xxxxxxx Perspective Japan Fund $0 to $500 million 1.00%
Over $500 million 0.95%
------------------------------------------------------ ---------------------------------- ----------------------------
Xxxxxxx Perspective Large Cap Value Fund $0 to $500 million 0.80%
Over $500 million 0.75%
------------------------------------------------------ ---------------------------------- ----------------------------
Xxxxxxx Perspective Mid Cap Value Fund $0 to $500 million 0.85%
Over $500 million 0.80%
------------------------------------------------------ ---------------------------------- ----------------------------
Xxxxxxx Perspective Money Market Fund $0 to $500 million 0.40%
Over $500 million 0.35%
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Xxxxxxx Perspective Optimized 5 Fund $0 to $50 million 0.65%
$50 to $100 million 0.65%
$100 to $250 million 0.65%
$250 million to $750 million 0.60%
Over $750 million 0.60%
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Xxxxxxx Perspective S&P 4 Fund $0 to $500 million 0.80%
Over $500 million 0.75%
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Xxxxxxx Perspective Small Cap Value Fund $0 to $500 million 0.90%
Over $500 million 0.85%
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Xxxxxxx Perspective 10 x 10 Fund All Assets 0%
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Xxxxxxx Perspective VIP Fund $0 to $250 million 0.65%
Over $250 million 0.60%
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JNL Money Market Fund $0 to $750 million 0.20%
Over $750 million 0.18%
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