Amendment to Amended and Restated Investment Sub-Advisory Agreement Between Jackson National Asset Management, LLC and J.P. Morgan Investment Management Inc.
EX. 99.28(d)(45)(ix)
Amendment
to Amended and Restated
Xxxxxxx National Asset Management, LLC
and X.X. Xxxxxx Investment Management Inc.
This Amendment is made by and between Xxxxxxx National Asset Management, LLC, a Michigan limited liability company and registered investment adviser (the “Adviser”), and X.X. Xxxxxx Investment Management Inc., a Delaware corporation and registered investment adviser (the “Sub-Adviser”).
Whereas, the Adviser and the Sub-Adviser (the “Parties”) entered into an Amended and Restated Investment Sub-Advisory Agreement effective as of the 1st day of December, 2012, as amended (the “Agreement”), whereby the Adviser appointed the Sub-Adviser to provide certain sub-investment advisory services to certain investment portfolios of JNL Series Trust (the “Trust”), as listed on Schedule A to 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 Board of Trustees of the Trust approved the JNL/JPMorgan Hedged Equity Fund as a new fund of the Trust, effective August 13, 2018.
Whereas, the Parties have agreed to amend the Agreement to add the JNL/JPMorgan Hedged Equity Fund and its fees, effective August 13, 2018.
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 August 13, 2018, 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 August 13, 2018, attached hereto.
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3)
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Except as specifically amended hereby, the Agreement shall remain in full force and effect in accordance with its terms.
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4)
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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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5)
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This Amendment may be executed in one or more counterparts, which together shall constitute one document.
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In Witness Whereof, the Parties have caused this Amendment to be executed, effective August 13, 2018.
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Xxxxxxx National Asset Management, LLC
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X.X. Xxxxxx Investment Management Inc.
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By:
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/s/ Xxxx X. Xxxxx
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By:
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/s/ Xxx Brands
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Name:
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Xxxx X. Xxxxx
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Name:
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Xxx Brands
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Title:
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President and CEO
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Title:
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Vice President
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1
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Schedule A
Dated August 13, 2018
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Funds
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JNL/JPMorgan Hedged Equity 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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A-1
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Schedule B
Dated August 13, 2018
(Compensation)
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JNL/JPMorgan Hedged Equity Fund
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Average Daily Net Assets
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Annual Rate
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$0 to $100 Million
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0.30%
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Amounts over $100 Million
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0.25%
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JNL/JPMorgan MidCap Growth Fund
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Average Daily Net Assets
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Annual Rate
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$0 to $1 Billion
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0.40%
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Amounts over $1 Billion
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0.38%
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JNL/JPMorgan U.S. Government & Quality Bond Fund
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Average Daily Net Assets
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Annual Rate
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$0 to $200 Million
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0.17%**
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$200 Million to $500 Million
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0.15%
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$500 Million to $1 Billion
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0.12%
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Amounts over $1 Billion
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0.10%
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| ** When net assets drop below $500 million, the annual rate will be 0.20% for net assets between $0 to $200 million. | |
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B-1
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