Amendment to Amended and Restated Investment Advisory and Management Agreement Between JNL Series Trust and Jackson National Asset Management, LLC
EX/ 99.28(d)(1)(xviii)
Amendment to
Amended and Restated Investment Advisory
and Management Agreement
Between JNL Series Trust and
Xxxxxxx National Asset Management, LLC
This Amendment is made by and between JNL Series Trust, a Massachusetts business trust (“Trust”) and Xxxxxxx National Asset Management, LLC, a Michigan limited liability company (“Adviser”).
Whereas, the Trust and the Adviser entered into an Amended and Restated Investment Advisory and Management Agreement effective as of the 1st day of July, 2013, as amended September 16, 2013, April 28, 2014 and June 4, 2014 (“Agreement”), whereby the Adviser agreed to perform certain investment advisory services, on behalf of several separate series of shares (each a “Fund”) of the Trust, as listed on Schedule A of the Agreement.
Whereas, the following new funds and fee changes for certain funds have been approved by the Board of Trustees of the Trust:
New Funds
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JNL/Boston Partners Global Long Short Equity Fund; and
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JNL/S&P International 5 Fund.
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Fee Changes for the Following Funds:
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JNL/Franklin Xxxxxxxxx Global Multisector Bond Fund;
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JNL/Xxxxxxx Sachs Core Plus Bond Fund;
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JNL/Ivy Asset Strategy Fund;
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JNL/Xxxxxxxxx Xxxxxx Strategic Income Fund; and
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JNL/PIMCO Total Return Bond Fund.
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Whereas, pursuant to the approval of the new funds and fee changes for certain funds, as outlined herein-above, the parties have agreed to amend Schedule A and Schedule B of the Agreement to:
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add the JNL/Boston Partners Global Long Short Equity Fund and its’ respective fees;
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add the JNL/S&P International 5 Fund and its’ respective fees; and
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update fees for the JNL/Franklin Xxxxxxxxx Global Multisector Bond Fund; the JNL/Xxxxxxx Sachs Core Plus Bond Fund; the JNL/Ivy Asset Strategy Fund; the JNL/Xxxxxxxxx Xxxxxx Strategic Income Fund; and the JNL/PIMCO Total Return Bond 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:
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1.
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Schedule A to the Agreement is hereby deleted and replaced in its entirety with Schedule A dated September 15, 2014, attached hereto.
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2.
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Schedule B to the Agreement is hereby deleted and replaced in its entirety with Schedule B dated September 15, 2014, attached hereto.
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In Witness Whereof, the Adviser and the Trust have caused this Amendment to be executed as of this 6th day of June 2014, effective September 15, 2014.
| JNL Series Trust | Xxxxxxx National Asset Management, LLC | |||
| By: |
/s/ Xxxxxxx X. Xxxxxx
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By: |
/s/ Xxxx X. Xxxxx
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| Name: Xxxxxxx X. Xxxxxx | Name: Xxxx X. Xxxxx | |||
| Title: Assistant Secretary | Title: President and CEO | |||
Schedule A
Dated September 15, 2014
(List of Funds)
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Funds
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JNL/American Funds Balanced Allocation Fund
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JNL/American Funds Blue Chip Income and Growth Fund
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JNL/American Funds Global Bond Fund
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JNL/American Funds Global Small Capitalization Fund
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JNL/American Funds Growth Allocation Fund
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JNL/American Funds Growth-Income Fund
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JNL/American Funds International Fund
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JNL/American Funds New World Fund
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JNL/AllianceBernstein Dynamic Asset Allocation Fund
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JNL/AQR Managed Futures Strategy Fund
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JNL/BlackRock Commodity Securities Strategy Fund
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JNL/BlackRock Global Allocation Fund
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JNL/BlackRock Large Cap Select Growth Fund
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JNL/Boston Partners Global Long Short Equity Fund
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JNL/Brookfield Global Infrastructure and MLP Fund
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JNL/Capital Guardian Global Diversified Research Fund
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JNL/Capital Guardian Global Balanced Fund
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JNL/DFA U.S. Core Equity Fund
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JNL/Eagle SmallCap Equity Fund
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JNL/Eastspring Investments Asia ex-Japan Fund
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JNL/Eastspring Investments China-India Fund
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JNL/Franklin Xxxxxxxxx Founding Strategy Fund
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JNL/Franklin Xxxxxxxxx Global Growth Fund
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JNL/Franklin Xxxxxxxxx Global Multisector Bond Fund
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JNL/Franklin Xxxxxxxxx Income Fund
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A-1
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Funds
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JNL/Franklin Xxxxxxxxx International Small Cap Growth Fund
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JNL/Franklin Xxxxxxxxx Mutual Shares Fund
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JNL/Franklin Xxxxxxxxx Small Cap Value Fund
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JNL/Xxxxxxx Sachs Core Plus Bond Fund
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JNL/Xxxxxxx Xxxxx Emerging Markets Debt Fund
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JNL/Xxxxxxx Sachs Mid Cap Value Fund
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JNL/Xxxxxxx Xxxxx U.S. Equity Flex Fund
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JNL Institutional Alt 20 Fund
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JNL Institutional Alt 35 Fund
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JNL Institutional Alt 50 Fund
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JNL Institutional Alt 65 Fund
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JNL/Invesco International Growth Fund
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JNL/Invesco Global Real Estate Fund
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JNL/Invesco Large Cap Growth Fund
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JNL/Invesco Mid Cap Value Fund
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JNL/Invesco Small Cap Growth Fund
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JNL/Ivy Asset Strategy Fund
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JNL/JPMorgan International Value Fund
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JNL/JPMorgan MidCap Growth Fund
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JNL/JPMorgan U.S. Government & Quality Bond Fund
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JNL/Lazard Emerging Markets Fund
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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 Index 5 Fund
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A-2
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Funds
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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 Small Cap Index Fund
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JNL/Mellon Capital 10 x 10 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 Utilities Sector Fund
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JNL/MMRS Growth Fund
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JNL/MMRS Moderate Fund
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JNL/MMRS Conservative Fund
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JNL/Xxxxxx Xxxxxxx Mid Cap Growth Fund
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JNL/Xxxxxxxxx Xxxxxx Strategic Income Fund
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JNL/Xxxxxxxxxxx Global Growth Fund
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JNL/PPM America Floating Rate Income Fund
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JNL/PIMCO Real Return Fund
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JNL/PIMCO Total Return Bond Fund
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JNL/PPM America High Yield Bond Fund
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JNL/PPM America Mid Cap Value Fund
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JNL/PPM America Small Cap Value Fund
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JNL/PPM America Value Equity Fund
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JNL/Red Rocks Listed Private Equity Fund
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JNL/Scout Unconstrained Bond Fund
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JNL/X. Xxxx Price Established Growth Fund
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JNL/X. Xxxx Price Mid-Cap Growth Fund
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JNL/X. Xxxx Price Short-Term Bond Fund
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JNL/X. Xxxx Price Value Fund
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JNL/WMC Balanced Fund
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JNL/WMC Money Market Fund
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A-3
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Funds
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JNL/WMC Value Fund
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JNL/S&P Managed Growth Fund
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JNL/S&P Managed Conservative Fund
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JNL/S&P Managed Moderate Growth Fund
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JNL/S&P Managed Moderate Fund
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JNL/S&P Managed Aggressive Growth 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 International 5 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/S&P 4 Fund
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JNL/S&P Mid 3 Fund
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JNL Disciplined Moderate Fund
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JNL Disciplined Moderate Growth Fund
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JNL Disciplined Growth Fund
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JNL Investment Committee - Global Strategic Moderate with Alts Fund
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JNL Investment Committee - Global Strategic
Moderately Aggressive with Alts Fund
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JNL Investment Committee - Strategic Moderate Fund
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JNL Investment Committee - Strategic Moderately Aggressive Fund
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A-4
Schedule B
Dated September 15, 2014
(Compensation)
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Fund
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Assets
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Advisory Fee
(Annual Rate Based on Average
Net Assets of each Fund)
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JNL/American Funds Balanced Allocation Fund
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$0 to $1 billion
Over $1 billion
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.300%
.275%
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JNL/American Funds Blue Chip Income and Growth Fund
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$0 to $1 billion
Over $1 billion
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.70%
.65%
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JNL/American Funds Global Bond Fund
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$0 to $1 billion
Over $1 billion
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.70%
.65%
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JNL/American Funds Global Small Capitalization Fund
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$0 to $1 billion
Over $1 billion
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.75%
.70%
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JNL/American Funds Growth Allocation Fund
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$0 to $1 billion
Over $1 billion
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.300%
.275%
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JNL/American Funds Growth-Income Fund
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$0 to $1 billion
Over $1 billion
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.70%
.65%
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JNL/American Funds International Fund
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$0 to $1 billion
Over $1 billion
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.85%
.80%
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JNL/American Funds New World Fund
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$0 to $1 billion
Over $1 billion
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1.05%
1.00%
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JNL/AllianceBernstein Dynamic Asset Allocation Fund
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$0 to $1 billion
Over $1 billion
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.75%
.70%
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JNL/AQR Managed Futures Strategy Fund
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$0 to $500 million
$500 million to $1 billion
Over $1 billion
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.95%
.90%
.85%
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JNL/BlackRock Commodity Securities Strategy Fund
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$0 to $300 million
Over $300 million
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.70%
.60%
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JNL/BlackRock Global Allocation Fund
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$0 to $1 billion
Over $1 billion
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.75%
.70%
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JNL/BlackRock Large Cap Select Growth Fund
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$0 to $150 million
$150 million to $500 million
$500 million to $750 million
Over $750 million
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.70%
.65%
.60%
.55%
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JNL/Boston Partners Global Long Short Equity Fund
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$0 to $1 billion
Over $1 billion
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1.20%
1.15%
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JNL/Brookfield Global Infrastructure and MLP Fund
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$0 to $1 billion
Over $1 billion
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.80%
.75%
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JNL/Capital Guardian Global Diversified Research Fund
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$0 to $150 million
$150 million to $500 million
$500 million to $750 million
Over $750 million
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.75%
.70%
.65%
.60%
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JNL/Capital Guardian Global Balanced Fund
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$0 to $500 million
Over $500 million
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.65%
.60%
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B-1
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Fund
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Assets
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Advisory Fee
(Annual Rate Based on Average
Net Assets of each Fund)
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JNL/DFA U.S. Core Equity Fund
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$0 to $100 million
$100 million to $300 million
Over $300 million
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.65%
.60%
.55%
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JNL/Eagle SmallCap Equity Fund
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$0 to $100 million
$100 million to $500 million
Over $500 million
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.75%
.70%
.65%
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JNL/Eastspring Investments Asia ex-Japan Fund
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$0 to $500 million
Over $500 million
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.90%
.85%
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JNL/Eastspring Investments China-India Fund
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$0 to $500 million
Over $500 million
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.90%
.85%
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JNL/Franklin Xxxxxxxxx Founding Strategy Fund
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All Assets
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0%
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JNL/Franklin Xxxxxxxxx Global Growth Fund
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$0 to $300 million
$300 million to $500 million
Over $500 million
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.75%
.65%
.60%
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JNL/Franklin Xxxxxxxxx Global Multisector Bond Fund
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$0 to $1 billion
$1 to $2 billion
Over $2 billion
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.75%
.70%
.65%
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JNL/Franklin Xxxxxxxxx Income Fund
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$0 to $100 million
$100 million to $200 million
$200 million to $500 million
Over $500 million
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.80%
.75%
.65%
.60%
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JNL/Franklin Xxxxxxxxx International
Small Cap Growth Fund
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$0 to $500 million
Over $500 million
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.95%
.90%
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JNL/Franklin Xxxxxxxxx Mutual Shares Fund
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$0 to $500 million
Over $500 million
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.75%
.70%
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JNL/Franklin Xxxxxxxxx Small Cap Value Fund
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$0 to $200 million
$200 million to $500 million
Over $500 million
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.85%
.77%
.75%
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JNL/Xxxxxxx Sachs Core Plus Bond Fund
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$0 to $500 million
$500 million to $1 billion
Over $1 billion
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.60%
.55%
.50%
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JNL/Xxxxxxx Xxxxx Emerging Markets Debt Fund
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$0 to $200 million
$200 million to $1 billion
Over $1 billion
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.75%
.70%
.675%
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JNL/Xxxxxxx Sachs Mid Cap Value Fund
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$0 to $100 million
Over $100 million
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.75%
.70%
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JNL/Xxxxxxx Xxxxx U.S. Equity Flex Fund
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$0 to $300 million
Over $300 million
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.80%
.75%
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JNL Institutional Alt 20 Fund
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$0 to $500 million
Over $500 million
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.15%
.10%
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B-2
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Fund
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Assets
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Advisory Fee
(Annual Rate Based on Average
Net Assets of each Fund)
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JNL Institutional Alt 35 Fund
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$0 to $500 million
Over $500 million
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.15%
.10%
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JNL Institutional Alt 50 Fund
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$0 to $500 million
Over $500 million
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.15%
.10%
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JNL Institutional Alt 65 Fund
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$0 to $500 million
Over $500 million
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.15%
.10%
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JNL/Invesco International Growth Fund
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$0 to $150 million
$150 million to $500 million
Over $500 million
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.70%
.65%
.60%
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JNL/Invesco Global Real Estate Fund
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$0 to $50 million
Over $50 million
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.75%
.70%
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JNL/Invesco Large Cap Growth Fund
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$0 to $150 million
Over $150 million
|
.70%
.65%
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JNL/Invesco Mid Cap Value Fund
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$0 to $50 million
$50 million to $250 million
Over $250 million
|
.75%
.70%
.65%
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JNL/Invesco Small Cap Growth Fund
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$0 to $300 million
Over $300 million
|
.85%
.80%
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JNL/Ivy Asset Strategy Fund
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$0 to $500 million
$500 million to $1.5 billion
$1.5 billion to $3 billion
Over $3 billion
|
.90%
.85%
.825%
.75%
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JNL/JPMorgan International Value Fund
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$0 to $150 million
$150 million to $500 million
Over $500 million
|
.70%
.65%
.60%
|
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JNL/JPMorgan MidCap Growth Fund
|
$0 to $250 million
$250 million to $750 million
$750 million to $1,500 million
Over $1,500 million
|
.70%
.65%
.60%
.55%
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JNL/JPMorgan U.S. Government & Quality Bond Fund
|
$0 to $150 million
$150 million to $300 million
$300 million to $500 million
Over $500 million
|
.50%
.45%
.40%
.35%
|
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JNL/Lazard Emerging Markets Fund
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$0 to $100 million
$100 million to $250 million
Over $250 million
|
1.00%
.90%
.85%
|
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JNL/Mellon Capital Emerging Markets Index Fund
|
$0 to $500 million
Over $500 million
|
.40%
.35%
|
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JNL/Mellon Capital Bond Index Fund
|
$0 to $500 million
$500 million to $750 million
Over $750 million
|
.30%
.25%
.24%
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JNL/Mellon Capital Dow Xxxxx U.S. Contrarian Opportunities Index Fund
|
$0 to $1 billion
Over $1 billion
|
.325%
.300%
|
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JNL/Mellon Capital Global Alpha Fund
|
$0 to $500 million
Over $500 million
|
1.00%
.90%
|
B-3
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Fund
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Assets
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Advisory Fee
(Annual Rate Based on Average
Net Assets of each Fund)
|
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JNL/Mellon Capital European 30 Fund
|
$0 to $50 million
$50 to $100 million
Over $100 million
|
.37%
.31%
.28%
|
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JNL/Mellon Capital Index 5 Fund
|
All assets
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0%
|
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JNL/Mellon Capital International Index Fund
|
$0 to $500 million
$500 million to $750 million
Over $750 million
|
.30%
.25%
.24%
|
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JNL/Mellon Capital Pacific Rim 30 Fund
|
$0 to $50 million
$50 to $100 million
Over $100 million
|
.37%
.31%
.28%
|
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JNL/Mellon Capital Small Cap Index Fund
|
$0 to $500 million
$500 million to $750 million
Over $750 million
|
.29%
.24%
.23%
|
|
JNL/Mellon Capital 10 x 10 Fund
|
All assets
|
0%
|
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JNL/Mellon Capital S&P 500 Index Fund
|
$0 to $500 million
$500 million to $750 million
Over $750 million
|
.28%
.24%
.23%
|
|
JNL/Mellon Capital S&P 400 MidCap Index Fund
|
$0 to $500 million
$500 million to $750 million
Over $750 million
|
.29%
.24%
.23%
|
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JNL/Mellon Capital Utilities Sector Fund
|
$0 to $50 million
$50 to $100 million
$100 million to $750 million
Over $750 million
|
.34%
.31%
.28%
.27%
|
|
JNL/MMRS Growth Fund
|
$0 to $1 billion
Over $1 billion
|
.30%
.25%
|
|
JNL/MMRS Moderate Fund
|
$0 to $1 billion
Over $1 billion
|
.30%
.25%
|
|
JNL/MMRS Conservative Fund
|
$0 to $1 billion
Over $1 billion
|
.30%
.25%
|
|
JNL/Xxxxxx Xxxxxxx Mid Cap Growth Fund
|
$0 to $1 billion
Over $1 billion
|
.75%
.70%
|
|
JNL/Xxxxxxxxx Xxxxxx Strategic Income Fund
|
$0 to $500 million
$500 million to $1 billion
Over $1 billion
|
.60%
.55%
.50%
|
|
JNL/Xxxxxxxxxxx Global Growth Fund
|
$0 to $300 million
Over $300 million
|
.70%
.60%
|
|
JNL/PIMCO Real Return Fund
|
$0 to $1 billion
Over $1 billion
|
.50%
.475%
|
|
JNL/PIMCO Total Return Bond Fund
|
$0 to $3 billion
Over $3 billion
|
.50%
.49%
|
B-4
|
Fund
|
Assets
|
Advisory Fee
(Annual Rate Based on Average
Net Assets of each Fund)
|
|
JNL/PPM America Floating Rate Income Fund
|
$0 to $500 million
Over $500 million
|
.65%
.60%
|
|
JNL/PPM America High Yield Bond Fund
|
$0 to $150 million
$150 million to $500 million
Over $500 million
|
.50%
.45%
.425%
|
|
JNL/PPM America Mid Cap Value Fund
|
$0 to $500 million
Over $500 million
|
.75%
.70%
|
|
JNL/PPM America Small Cap Value Fund
|
$0 to $500 million
Over $500 million
|
.75%
.70%
|
|
JNL/PPM America Value Equity Fund
|
$0 to $300 million
Over $300 million
|
.55%
.50%
|
|
JNL/Red Rocks Listed Private Equity Fund
|
$0 to $200 million
Over $200 million
|
.85%
.80%
|
|
JNL/Scout Unconstrained Bond Fund
|
$0 to $1 billion
Over $1 billion
|
.65%
.60%
|
|
JNL/X. Xxxx Price Established Growth Fund
|
$0 to $150 million
$150 to $500 million
Over $500 million
|
.65%
.60%
.55%
|
|
JNL/X. Xxxx Price Mid-Cap Growth Fund
|
$0 to $150 million
Over $150 million
|
.75%
.70%
|
|
JNL/X. Xxxx Price Short-Term Bond Fund
|
$0 to $250 million
$250 million to $1.5 billion
Over $1.5 billion
|
.45%
.40%
.375%
|
|
JNL/X. Xxxx Price Value Fund
|
$0 to $150 million
$150 to $500 million
Over $500 million
|
.70%
.65%
.60%
|
|
JNL/WMC Balanced Fund
|
$0 to $50 million
$50 million to $150 million
$150 million to $300 million
$300 million to $500 million
Over $500 million
|
.55%
.50%
.475%
.45%
.425%
|
|
JNL/WMC Money Market Fund
|
$0 to $500 million
Over $500 million
|
0.28%
0.25%
|
|
JNL/WMC Value Fund
|
$0 to $300 million
$300 million to $500 million
Over $500 million
|
.55%
.50%
.45%
|
|
JNL/S&P Managed Growth Fund
|
$0 to $500 million
Over $500 million
|
.13%
.08%
|
|
JNL/S&P Managed Conservative Fund
|
$0 to $500 million
Over $500 million
|
.13%
.08%
|
|
JNL/S&P Managed Moderate Growth Fund
|
$0 to $500 million
Over $500 million
|
.13%
.08%
|
B-5
|
Fund
|
Assets
|
Advisory Fee
(Annual Rate Based on Average
Net Assets of each Fund)
|
|
JNL/S&P Managed Moderate Fund
|
$0 to $500 million
Over $500 million
|
.13%
.08%
|
|
JNL/S&P Managed Aggressive Growth Fund
|
$0 to $500 million
Over $500 million
|
.13%
.08%
|
|
JNL/S&P Competitive Advantage Fund
|
$0 to $500 million
Over $500 million
|
.40%
.35%
|
|
JNL/S&P Dividend Income & Growth Fund
|
$0 to $500 million
Over $500 million
|
.40%
.35%
|
|
JNL/S&P International 5 Fund
|
$0 to $1 billion
Over $1 billion
|
.45%
.40%
|
|
JNL/S&P Intrinsic Value Fund
|
$0 to $500 million
Over $500 million
|
.40%
.35%
|
|
JNL/S&P Total Yield Fund
|
$0 to $500 million
Over $500 million
|
.40%
.35%
|
|
JNL/S&P 4 Fund
|
All Assets
|
0%
|
|
JNL/S&P Mid 3 Fund
|
$0 to $1 billion
Over $1 billion
|
.50%
.45%
|
|
JNL Disciplined Moderate Fund
|
$0 to $500 million
Over $500 million
|
.13%
.08%
|
|
JNL Disciplined Moderate Growth Fund
|
$0 to $500 million
Over $500 million
|
.13%
.08%
|
|
JNL Disciplined Growth Fund
|
$0 to $500 million
Over $500 million
|
.13%
.08%
|
|
JNL Investment Committee - Global Strategic Moderate with Alts Fund
|
$0 to $500 million
Over $500 million
|
.15%
.10%
|
|
JNL Investment Committee - Global Strategic
Moderately Aggressive with Alts Fund
|
$0 to $500 million
Over $500 million
|
.15%
.10%
|
|
JNL Investment Committee - Strategic Moderate Fund
|
$0 to $500 million
Over $500 million
|
.15%
.10%
|
|
JNL Investment Committee - Strategic Moderately Aggressive Fund
|
$0 to $500 million
Over $500 million
|
.15%
.10%
|
B-6
