AMENDMENT
TO
INVESTMENT SUB-ADVISORY AGREEMENT
BETWEEN
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 Investment
Sub-Advisory Agreement effective as of November 8, 2001, Amended and Restated
effective as of the 18th day of February 2004, and further Amended and Restated
effective as of the 1st day of December, 2012 ("Agreement"), whereby the Adviser
appointed the Sub-Adviser to provide certain sub-investment advisory services to
certain investment portfolios ("Funds") of JNL Series Trust.
WHEREAS, the parties wish to amend the Agreement to add the following new
fund: the JNL/Mellon Capital Utilities Sector Fund, to add the JNL/Mellon
Capital Utilities Sector Fund's fee schedule, and to amend certain Fund names
from the "Current Fund Name" to the "New Fund Name," as set forth below,
effective April 29, 2013:
-----------------------------------------------------------------------------------------------------------------
CURRENT FUND NAME NEW FUND NAME
JNL/Mellon Capital Management Bond Index Fund JNL/Mellon Capital Bond Index Fund
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JNL/Mellon Capital Management Dow Xxxxx JNL/Mellon Capital Dow Xxxxx
U.S. Contrarian Opportunities Index Fund U.S. Contrarian Opportunities Index Fund
-----------------------------------------------------------------------------------------------------------------
JNL/Mellon Capital Management Emerging JNL/Mellon Capital Emerging
Markets Index Fund Markets Index Fund
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JNL/Mellon Capital Management European 30 Fund JNL/Mellon Capital European 30 Fund
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JNL/Mellon Capital Management Global Alpha Fund JNL/Mellon Capital Global Alpha Fund
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JNL/Mellon Capital Management Index 5 Fund JNL/Mellon Capital Index 5 Fund
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JNL/Mellon Capital Management International Index Fund JNL/Mellon Capital International Index Fund
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JNL/Mellon Capital Management Pacific Rim 30 Fund JNL/Mellon Capital Pacific Rim 30 Fund
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JNL/Mellon Capital Management 10 x 10 Fund JNL/Mellon Capital 10 x 10 Fund
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JNL/Mellon Capital Management S&P 500 Index Fund JNL/Mellon Capital S&P 500 Index Fund
-----------------------------------------------------------------------------------------------------------------
JNL/Mellon Capital Management S&P 400 JNL/Mellon Capital S&P 400 MidCap Index Fund
MidCap Index Fund
-----------------------------------------------------------------------------------------------------------------
JNL/Mellon Capital Management Small Cap Index Fund JNL/Mellon Capital Small Cap Index Fund
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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 29, 2013, attached hereto.
2. Schedule B to the Agreement is hereby deleted and replaced in its
entirety with Schedule B dated April 29, 2013, attached hereto.
IN WITNESS WHEREOF, the Adviser and the Sub-Adviser have caused this
Amendment to be executed as of December 14, 2012, effective as of April 29,
2013.
XXXXXXX NATIONAL ASSET MANAGEMENT, LLC MELLON CAPITAL MANAGEMENT CORPORATION
By: /s/ Xxxx X. Xxxxx By: /s/ Xxxxx Xxx
---------------------------------- -------------------------------
Name: Xxxx X. Xxxxx Name: Xxxxx Xxx
-------------------------------- -----------------------------
Title: President and CEO Title: Director
------------------------------- ----------------------------
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PAGE 2 OF 2
SCHEDULE A
APRIL 29, 2013
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FUNDS
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JNL/Mellon Capital Bond Index Fund
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JNL/Mellon Capital Dow Xxxxx
U.S. Contrarian Opportunities Index Fund
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JNL/Mellon Capital Emerging Markets Index Fund
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JNL/Mellon Capital European 30 Fund
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JNL/Mellon Capital Global Alpha Fund
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JNL/Mellon Capital International Index Fund
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JNL/Mellon Capital Pacific Rim 30 Fund
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JNL/Mellon Capital S&P 500 Index Fund
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JNL/Mellon Capital S&P 400 MidCap Index Fund
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JNL/Mellon Capital Small Cap Index Fund
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JNL/Mellon Capital Utilities Sector Fund
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JNL/S&P Competitive Advantage Fund
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JNL/S&P Dividend Income & Growth Fund
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JNL/S&P Intrinsic Value Fund
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JNL/S&P Total Yield Fund
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JNL/X. Xxxx Price Mid-Cap Growth Fund
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A-1
SCHEDULE B
APRIL 29, 2013
(Compensation)
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JNL/MELLON CAPITAL BOND INDEX FUND
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AVERAGE DAILY NET ASSETS ANNUAL RATE
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First $750 million 0.03%
Over $750 million 0.015%
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JNL/MELLON CAPITAL DOW XXXXX
U.S. CONTRARIAN OPPORTUNITIES INDEX FUND
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AVERAGE DAILY NET ASSETS ANNUAL RATE
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First $50 million 0.09%
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Next $50 million 0.06%
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$100 to $750 million 0.03%
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Over $750 million 0.015%
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JNL/MELLON CAPITAL EMERGING MARKETS INDEX FUND
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AVERAGE DAILY NET ASSETS ANNUAL RATE
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$0 to $50 million 0.09%
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$50 to $100 million 0.06%
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$100 to $750 million 0.03%
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Over $750 million 0.015%
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--------------------------------------------------------------------------------
JNL/MELLON CAPITAL EUROPEAN 30 FUND
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AVERAGE DAILY NET ASSETS ANNUAL RATE
--------------------------------------------------------------------------------
$0 to $50 million 0.09%
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$50 to $100 million 0.06%
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$100 to $750 million 0.03%
--------------------------------------------------------------------------------
Over $750 million 0.015%
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B-1
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JNL/MELLON CAPITAL GLOBAL ALPHA FUND
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AVERAGE DAILY NET ASSETS ANNUAL RATE
--------------------------------------------------------------------------------
$0 to $200 million 0.60%
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$200 to $400 million 0.55%
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$400 to $600 million 0.50%
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$600 to $800 million 0.45%
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$800 to $900 million 0.40%
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Over $900 million 0.35%
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JNL/MELLON CAPITAL INTERNATIONAL INDEX FUND
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AVERAGE DAILY NET ASSETS ANNUAL RATE
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First $750 million 0.03%
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Over $750 million 0.015%
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JNL/MELLON CAPITAL PACIFIC RIM 30 FUND
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AVERAGE DAILY NET ASSETS ANNUAL RATE
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$0 to $50 million 0.09%
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$50 to $100 million 0.06%
--------------------------------------------------------------------------------
$100 to $750 million 0.03%
--------------------------------------------------------------------------------
Over $750 million 0.015%
--------------------------------------------------------------------------------
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JNL/MELLON CAPITAL S&P 500 INDEX FUND
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AVERAGE DAILY NET ASSETS ANNUAL RATE
--------------------------------------------------------------------------------
First $750 million 0.03%
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Over $750 million 0.015%
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JNL/MELLON CAPITAL S&P 400 MIDCAP INDEX FUND
--------------------------------------------------------------------------------
AVERAGE DAILY NET ASSETS ANNUAL RATE
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First $750 million 0.03%
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Over $750 million 0.015%
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B-2
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JNL/MELLON CAPITAL SMALL CAP INDEX FUND
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AVERAGE DAILY NET ASSETS ANNUAL RATE
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First $750 million 0.03%
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Over $750 million 0.015%
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JNL/MELLON CAPITAL UTILITIES SECTOR FUND
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AVERAGE DAILY NET ASSETS ANNUAL RATE
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$0 to $50 million 0.09%
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$50 to $100 million 0.06%
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$100 to $750 million 0.03%
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Over $750 million 0.015%
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JNL/S&P COMPETITIVE ADVANTAGE FUND
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AVERAGE DAILY NET ASSETS ANNUAL RATE
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$0 to $100 million 0.06%
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$100 to $750 million 0.03%
--------------------------------------------------------------------------------
Over $750 million 0.015%
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JNL/S&P DIVIDEND INCOME & GROWTH FUND
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AVERAGE DAILY NET ASSETS ANNUAL RATE
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$0 to $100 million 0.06%
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$100 to $750 million 0.03%
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Over $750 million 0.015%
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JNL/S&P INTRINSIC VALUE FUND
--------------------------------------------------------------------------------
AVERAGE DAILY NET ASSETS ANNUAL RATE
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$0 to $100 million 0.06%
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$100 to $750 million 0.03%
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Over $750 million 0.015%
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B-3
JNL/S&P TOTAL YIELD FUND
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AVERAGE DAILY NET ASSETS ANNUAL RATE
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$0 to $100 million 0.06%
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$100 to $750 million 0.03%
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Over $750 million 0.015%
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JNL/X. XXXX PRICE MID-CAP GROWTH FUND*
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AVERAGE DAILY NET ASSETS ANNUAL RATE
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First $50 million 0.09%
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Next $50 million 0.06%
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$100 to $750 million 0.03%
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Over $750 million 0.015%
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*Fees will be paid based on assets invested in the mid-cap growth index strategy
portion of the JNL/X. Xxxx Price Mid-Cap Growth Fund managed by Mellon Capital
Management Corporation.
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B-4
