Ex-99.23(d)(5)
AMENDMENT
TO
INVESTMENT ADVISORY AND MANAGEMENT AGREEMENT
BETWEEN
JNL INVESTORS SERIES TRUST
AND
XXXXXXX NATIONAL ASSET MANAGEMENT, LLC
This Amendment is made as of January 16, 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;
WHEREAS, the parties wish to amend the Advisory Agreement; and
WHEREAS, in order to reflect the addition of five new Funds to the Trust.
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 January 16, 2007, attached hereto.
2. Schedule B to the Agreement is hereby deleted and replaced in its
entirety with Schedule B dated January 16, 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: Xxxx X. Xxxxx Name: Xxxxx X. Xxxx
Title: President and Title: Chief Legal Officer
Chief Executive Officer and Secretary
SCHEDULE A
DATED JANUARY 16, 2007
(Fund)
Xxxxxxx Perspective 5 Fund
Xxxxxxx Perspective Index 5 Fund
Xxxxxxx Perspective 10 x 10 Fund
Xxxxxxx Perspective Optimized 5 Fund
Xxxxxxx Perspective Money Market Fund
JNL Money Market Fund
SCHEDULE B
DATED JANUARY 16, 2007
ADVISORY FEE
(ANNUAL RATE BASED
ON AVERAGE NET ASSETS
FUND ASSETS OF EACH FUND)
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%
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%
Xxxxxxx Perspective 10 x 10 Fund All Assets 0%
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%
Xxxxxxx Perspective Money Market Fund $0 to $500 million 0.40%
Over $500 million 0.35%
JNL Money Market Fund $0 to $750 million 0.20%
Over $750 million 0.18%
