EX-99.23(d)(93)
AMENDMENT
TO
INVESTMENT SUB-ADVISORY AGREEMENT
BETWEEN
XXXXXXX NATIONAL ASSET MANAGEMENT, LLC
AND
WELLINGTON MANAGEMENT COMPANY, LLP
This AMENDMENT is made by and between XXXXXXX NATIONAL ASSET MANAGEMENT,
LLC, a Michigan limited liability company and registered investment adviser
("Adviser"), and WELLINGTON MANAGEMENT COMPANY, LLP, a Massachusetts limited
liability partnership and registered investment adviser ("Sub-Adviser").
WHEREAS, the Adviser and Sub-Adviser entered into an Investment
Sub-Advisory Agreement dated as of May 3, 2004 ("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-Adviser 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
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 November 1, 2005, attached hereto.
IN WITNESS WHEREOF, the Adviser and the Sub-Adviser have caused this
Amendment to be executed as of this 1st day of November, 2005.
XXXXXXX NATIONAL ASSET WELLINGTON MANAGEMENT
MANAGEMENT, LLC COMPANY, LLP
By: By:
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Name: XXXXXX X. XXXXXXX Name:
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Title: PRESIDENT Title:
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SCHEDULE B
DATED NOVEMBER 1, 2005
(Compensation)
JNL/SELECT BALANCED FUND
AVERAGE DAILY NET ASSETS ANNUAL RATE
$0 to $200 Million: .27%
$200 to $400 Million: .25%
Over $400 Million: .23%
JNL/SELECT LARGE CAP GROWTH FUND
AVERAGE DAILY NET ASSETS ANNUAL RATE
$0 to $100 Million: .45%
$100 to $450 Million: .40%
Over $450 Million: .35%
JNL/SELECT GLOBAL GROWTH FUND
AVERAGE DAILY NET ASSETS ANNUAL RATE
$0 to $100 Million: .50%
$100 to $450 Million: .40%
Over $450 Million: .35%
JNL/SELECT MONEY MARKET FUND
AVERAGE DAILY NET ASSETS ANNUAL RATE
$0 to $750 Million: .05%*
Over $750 Million: .04%*
* THE ASSETS OF THE JNL/SELECT MONEY MARKET FUND OF JNL SERIES TRUST AND THE
ASSETS OF THE JNL MONEY MARKET FUND OF JNL INVESTORS SERIES TRUST WILL BE
COMBINED FOR PURPOSES OF DETERMINING THE APPLICABLE ANNUAL RATE.
JNL/SELECT VALUE FUND
AVERAGE DAILY NET ASSETS ANNUAL RATE
$0 to $50 Million: .40%
Over $50 Million: .30%