Amendment to Amended and Restated Investment Sub-Advisory Agreement Between Jackson National Asset Management, LLC and Goldman Sachs Asset Management, L.P.
EX 99.28(d)(31)(viii)
Amendment
to Amended and Restated
Investment Sub-Advisory Agreement Between
Xxxxxxx National Asset Management, LLC
and Xxxxxxx Sachs Asset Management, L.P.
This Amendment is made by and between Xxxxxxx National Asset Management, LLC, a Michigan limited liability company and registered investment adviser (“Adviser”), and Xxxxxxx Sachs Asset Management, L.P., a limited partnership organized under the laws of the state of Delaware and registered investment adviser (“Sub-Adviser”).
Whereas, the Adviser and the Sub-Adviser (“Parties”) 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 investment portfolios (“Funds”) of JNL Series Trust (“Trust”), as listed on Schedule A of the Agreement.
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.
Whereas, the Parties have agreed to amend the Agreement to remove the following two funds and each fund’s respective fees, effective April 24, 2017: 1) the JNL/Xxxxxxx Xxxxx Mid Cap Value Fund; and 2) the JNL/Xxxxxxx Sachs U.S. Equity Flex Fund, in conjunction with an investment sub-adviser replacement for each fund.
Now Therefore, in consideration of the mutual covenants herein contained, the Parties hereby agree to amend the Agreement as follows:
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Schedule A to the Agreement is hereby deleted and replaced in its entirety with Schedule A dated April 24, 2017, attached hereto.
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| 2. |
Schedule B to the Agreement is hereby deleted and replaced in its entirety with Schedule B dated April 24, 2017, attached hereto.
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| 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.
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| 4. |
This Amendment may be executed in one or more counterparts, which together shall constitute one document.
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In Witness Whereof, the Adviser and the Sub-Adviser have caused this Amendment to be executed, effective April 24, 2017.
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Xxxxxxx National Asset Management, LLC
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Xxxxxxx Sachs Asset Management, L.P.
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By:
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/s/ Xxxx X. Xxxxx
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By:
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/s/ Xxxxx Xxxxx
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Name:
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Xxxx X. Xxxxx
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Name:
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Xxxxx 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 24, 2017
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Funds
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JNL/Xxxxxxx Xxxxx Core Plus Bond Fund
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JNL/Xxxxxxx Sachs Emerging Markets Debt Fund
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A-1
Schedule B
Dated April 24, 2017
(Compensation)
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JNL/Xxxxxxx Xxxxx Core Plus Bond Fund
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Average Daily Net Assets
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Annual Rate
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$0 to $500 Million
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.20%
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$500 Million to $1 Billion
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.17%
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Amounts over $1 Billion
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.15%
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JNL/Xxxxxxx Sachs Emerging Markets Debt Fund
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Average Daily Net Assets
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Annual Rate
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$0 to $400 Million
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.45%
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Amounts over $400 Million
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.35%
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B-1
