Amendment to Amended and Restated Investment Sub-Advisory Agreement Between Jackson National Asset Management, LLC
EX 99.28(d)(2)(xii)
Amendment
to Amended and Restated
Xxxxxxx National Asset Management, LLC
and Mellon Capital Management Corporation
This Amendment is made by and between Xxxxxxx National Asset Management, LLC, a Michigan limited liability company and registered investment adviser (“Adviser”), and Mellon Capital Management Corporation, a Delaware corporation and registered investment adviser (“Sub-Adviser”).
Whereas, the Adviser and Sub-Adviser entered into an Amended and Restated Investment Sub-Advisory Agreement effective as of the 1st day of December, 2012, as amended (“Agreement”), whereby the Adviser appointed the Sub-Adviser to provide certain sub-investment advisory services to certain funds of JNL Variable Fund LLC (“Fund”), as listed on Schedule A to the Agreement.
Whereas, the following fund name change has been approved by the Board of Managers of the Fund:
Fund Name Change:
JNL/Mellon Capital Nasdaq® 25 Fund to JNL/Mellon Capital Nasdaq® 100 Fund; and
Whereas, pursuant to the approval of the fund name change, as outlined above, the parties have agreed to amend Schedule A and Schedule B of the Agreement to:
| - | change the JNL/Mellon Capital Nasdaq® 25 Fund to JNL/Mellon Capital Nasdaq® 100 Fund. |
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 25, 2016, attached hereto. |
| 2. | Schedule B to the Agreement is hereby deleted and replaced in its entirety with Schedule B dated April 25, 2016, attached hereto. |
| 3. | Each of the Parties represents and warrants to the others that it has full authority to enter into this Amendment upon the terms and conditions hereof and that the individual executing this Amendment is duly authorized to bind the respective party to this Amendment. |
This Amendment may be executed in one or more counterparts, which together shall constitute one document.
In Witness Whereof, the Adviser and the Sub-Adviser have caused this Amendment to be executed, effective as of April 25, 2016.
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Xxxxxxx National Asset Management, LLC
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Mellon Capital Management Corporation
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By:
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/s/ Xxxx X. Xxxxx
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By:
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/s/ Xxxx Xxxxxxx-Xxxxx
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Name:
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Xxxx X. Xxxxx
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Name:
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Xxxx Xxxxxxx-Xxxxx
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Title:
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President and CEO
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Title:
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Managing Director
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Schedule A
Dated April 25, 2016
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Funds
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JNL/Mellon Capital Dow Index Fund
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JNL/Mellon Capital Global 30 Fund
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JNL/Mellon Capital Nasdaq® 100 Fund
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JNL/Mellon Capital S&P® 24 Fund
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JNL/Mellon Capital S&P® XXxx 60 Fund
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JNL/Mellon Xxxxxxx XXX 0 Xxxx
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XXX/Xxxxxx Capital Communications Sector Fund
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JNL/Mellon Capital Consumer Brands Sector Fund
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JNL/Mellon Capital Financial Sector Fund
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JNL/Mellon Capital Healthcare Sector Fund
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JNL/Mellon Capital Oil & Gas Sector Fund
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JNL/Mellon Capital Technology Sector Fund
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A-1
Schedule B
Dated April 25, 2016
(Compensation)
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JNL/Mellon Capital Dow Index Fund
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Average Daily Net Assets
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Annual Rate
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First $50 million
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0.09%
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Next $50 million
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0.06%
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$100 million to $750 million
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0.03%
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Amounts over $750 million
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0.015%
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JNL/Mellon Capital Global 30 Fund
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Average Daily Net Assets
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Annual Rate
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First $50 million
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0.09%
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Next $50 million
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0.06%
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$100 million to $750 million
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0.03%
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Amounts over $750 million
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0.015%
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JNL/Mellon Capital Nasdaq® 100 Fund
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Average Daily Net Assets
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Annual Rate
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First $50 million
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0.09%
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Next $50 million
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0.06%
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$100 million to $750 million
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0.03%
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Amounts over $750 million
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0.015%
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JNL/Mellon Capital S&P® 24 Fund
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Average Daily Net Assets
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Annual Rate
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First $50 million
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0.09%
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Next $50 million
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0.06%
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$100 million to $750 million
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0.03%
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Amounts over $750 million
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0.015%
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B-1
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JNL/Mellon Capital S&P® XXxx 60 Fund
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Average Daily Net Assets
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Annual Rate
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First $50 million
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0.09%
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Next $50 million
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0.06%
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$100 million to $750 million
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0.03%
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Amounts over $750 million
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0.015%
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JNL/Mellon Capital JNL 5 Fund
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Average Daily Net Assets
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Annual Rate
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First $50 million
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0.09%
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Next $50 million
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0.06%
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$100 million to $750 million
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0.03%
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Amounts over $750 million
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0.015%
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JNL/Mellon Capital Communications Sector Fund
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Average Daily Net Assets
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Annual Rate
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First $100 million
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0.05%
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$100 million to $750 million
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0.03%
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$750 million to $2 billion
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0.015%
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Amounts over $2 billion
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0.01%
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JNL/Mellon Capital Consumer Brands Sector Fund
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Average Daily Net Assets
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Annual Rate
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First $100 million
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0.05%
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$100 million to $750 million
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0.03%
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$750 million to $2 billion
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0.015%
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Amounts over $2 billion
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0.01%
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B-2
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JNL/Mellon Capital Financial Sector Fund
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Average Daily Net Assets
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Annual Rate
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First $100 million
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0.05%
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$100 million to $750 million
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0.03%
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$750 million to $2 billion
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0.015%
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Amounts over $2 billion
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0.01%
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JNL/Mellon Capital Healthcare Sector Fund
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Average Daily Net Assets
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Annual Rate
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First $100 million
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0.05%
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$100 million to $750 million
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0.03%
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$750 million to $2 billion
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0.015%
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Amounts over $2 billion
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0.01%
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JNL/Mellon Capital Oil & Gas Sector Fund
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Average Daily Net Assets
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Annual Rate
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First $100 million
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0.05%
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$100 million to $750 million
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0.03%
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$750 million to $2 billion
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0.015%
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Amounts over $2 billion
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0.01%
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JNL/Mellon Capital Technology Sector Fund
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Average Daily Net Assets
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Annual Rate
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First $100 million
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0.05%
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$100 million to $750 million
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0.03%
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$750 million to $2 billion
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0.015%
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Amounts over $2 billion
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0.01%
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B-3
