Amendment to Investment Advisory and Management Agreement between Jackson Variable Series Trust and Jackson National Asset Management, LLC
EX 99.28(d)(1)(ii)
Amendment to Investment Advisory and Management Agreement between
Xxxxxxx Variable Series Trust and Xxxxxxx National Asset Management, LLC
This Amendment is made by and between Xxxxxxx Variable Series Trust, a Massachusetts business trust (the “Trust”), and Xxxxxxx National Asset Management, LLC, a Michigan limited liability company (the “Adviser”).
Whereas, the Trust and the Adviser are parties to an Investment Advisory and Management Agreement effective April 27, 2015 (the “Agreement”), whereby the Adviser agreed to serve as the investment adviser and business manager for the Funds of the Trust.
Whereas, the parties have agreed to amend Schedules A and B of the Agreement to amend the name and fee of the following Fund (the “Amended Fund Name”) and to remove the following Funds pursuant to the merger of these Funds (the “Acquired Funds”) into other Funds:
Amended Fund Name (effective September 28, 2015)
| - | JNL/Franklin Xxxxxxxxx Frontier Markets Fund to |
JNL/Mellon Capital Frontier Markets 100 Index Fund
Removal of Acquired Funds(effective September 28, 2015)
| - | JNAM Guidance – Equity Income Fund |
| - | JNL/Franklin Xxxxxxxxx Natural Resources Fund |
Now Therefore, the parties hereto agree to amend the Agreement as follows:
| 1. | Schedule A to the Agreement is hereby deleted and replaced in its entirety with Schedule A attached hereto. |
| 2. | Schedule B to the Agreement is hereby deleted and replaced in its entirety with Schedule B attached hereto. |
| 3. | Except as specifically amended hereby, the Agreement shall remain in full force and effect in accordance with its terms. |
In Witness Whereof, the Adviser and the Trust have caused this Amendment to be executed as of September 28 2015, effective as of September 28, 2015. This Amendment may be executed in two or more counterparts, which together shall constitute one document.
| Xxxxxxx Variable Series Trust | Xxxxxxx National Asset Management, LLC | |||
| By: | /s/ Xxxxx X. Xxxxxxxx | By: | /s/ Xxxx X. Xxxxx | |
| Name: | Xxxxx X. Xxxxxxxx | Name: | Xxxx X. Xxxxx | |
| Title: | Assistant Vice President | Title: | President and CEO | |
Schedule A
Dated: September 28, 2015
(List of Funds)
|
Funds
|
| JNAM Guidance – Interest Rate Opportunities Fund |
| JNAM Guidance – Conservative Fund |
| JNAM Guidance – Moderate Fund |
| JNAM Guidance – Growth Fund |
| JNAM Guidance – Moderate Growth Fund |
| JNAM Guidance – Maximum Growth Fund |
| JNAM Guidance – Alt 100 Fund |
| JNAM Guidance – Equity 100 Fund |
| JNAM Guidance – Fixed Income 100 Fund |
| JNAM Guidance – Real Assets Fund |
| JNL Tactical ETF Conservative Fund |
| JNL Tactical ETF Moderate Fund |
| JNL Tactical ETF Growth Fund |
| JNL/American Funds® Global Growth Fund |
| JNL/American Funds® Growth Fund |
| JNL/AQR Risk Parity Fund |
| JNL/BlackRock Global Long Short Credit Fund |
| JNL/DFA U.S. Micro Cap Fund |
| JNL/DoubleLine® Total Return Fund |
| JNL/Xxxxx Xxxxx Global Macro Absolute Return Advantage Fund |
| JNL/Epoch Global Shareholder Yield Fund |
| JNL/FAMCO Flex Core Covered Call Fund |
| JNL/Lazard International Strategic Equity Fund |
| JNL/Mellon Capital Frontier Markets 100 Index Fund |
| JNL/Xxxxxxxxx Xxxxxx Currency Fund |
| JNL/Xxxxxxxxx Xxxxxx Risk Balanced Commodity Strategy Fund |
| JNL/Xxxxxxxx Convertible Arbitrage Fund |
| JNL/PIMCO Credit Income Fund |
| JNL/PPM America Long Short Credit Fund |
| JNL/X. Xxxx Price Capital Appreciation Fund |
| JNL/The Boston Company Equity Income Fund |
| JNL/The London Company Focused U.S. Equity Fund |
| JNL/Xxx Xxx International Gold Fund |
| JNL/WCM Focused International Equity Fund |
Schedule B
Dated: September 28, 2015
(Compensation)
|
Fund
|
Assets
|
Advisory Fee
(Annual Rate Based on Average Net Assets of the Fund)
|
| JNAM Guidance – Interest Rate Opportunities Fund | $0 to $500 million Over $500 million |
.15% .10% |
| JNAM Guidance – Conservative Fund |
$0 to $500 million Over $500 million |
.15% .10% |
| JNAM Guidance – Moderate Fund |
$0 to $500 million Over $500 million |
.15% .10% |
| JNAM Guidance – Growth Fund |
$0 to $500 million Over $500 million |
.15% .10% |
| JNAM Guidance – Moderate Growth Fund |
$0 to $500 million Over $500 million |
.15% .10% |
| JNAM Guidance – Maximum Growth Fund |
$0 to $500 million Over $500 million |
.15% .10% |
| JNAM Guidance – Alt 100 Fund |
$0 to $500 million Over $500 million |
.15% .10% |
| JNAM Guidance – Equity 100 Fund |
$0 to $500 million Over $500 million |
.15% .10% |
| JNAM Guidance – Fixed Income 100 Fund |
$0 to $500 million Over $500 million |
.15% .10% |
| JNAM Guidance – Real Assets Fund |
$0 to $500 million Over $500 million |
.15% .10% |
| JNL Tactical ETF Conservative Fund |
$0 to $1 billion Over $1 billion |
.75% .70% |
| JNL Tactical ETF Moderate Fund |
$0 to $1 billion Over $1 billion |
.75% .70% |
| JNL Tactical ETF Growth Fund |
$0 to $1 billion Over $1 billion |
.75% .70% |
|
JNL/American Funds® Global Growth Fund |
$0 to $1 billion Over $1 billion |
.80% .75% |
|
JNL/American Funds® Growth Fund |
$0 to $1 billion Over $1 billion |
.85% .80% |
| JNL/AQR Risk Parity Fund |
$0 to $1 billion Over $1 billion |
.85% .80% |
| JNL/BlackRock Global Long Short Credit Fund |
$0 to $1 billion Over $1 billion |
.95% .90% |
| JNL/DFA U.S. Micro Cap Fund |
$0 to $1 billion Over $1 billion |
.80% .75% |
| JNL/DoubleLine® Total Return Fund |
$0 to $1 billion Over $1 billion |
.50% .45% |
| JNL/Xxxxx Xxxxx Global Macro Absolute Return Advantage Fund |
$0 to $1 billion Over $1 billion |
.95% .90% |
| JNL/Epoch Global Shareholder Yield Fund |
$0 to $1 billion Over $1 billion |
.70% .65% |
|
JNL/FAMCO Covered Call Fund |
$0 to $1 billion Over $1 billion |
.60% .55% |
| Fund | Assets |
Advisory Fee
(Annual Rate Based on Average Net Assets of the Fund)
|
|
JNL/Lazard International Strategic Equity Fund |
$0 to $1 billion Over $1 billion |
.80% .75% |
|
JNL/Mellon Capital Frontier Markets 100 Index Fund |
$0 to $500 million Over $500 million |
.40% .35% |
|
JNL/Xxxxxxxxx Xxxxxx Currency Fund |
$0 to $1 billion Over $1 billion |
.70% .65% |
|
JNL/Xxxxxxxxx Xxxxxx Risk Balanced Commodity Strategy Fund |
$0 to $1 billion Over $1 billion |
.60% .55% |
|
JNL/Xxxxxxxx Convertible Arbitrage Fund |
$0 to $1 billion Over $1 billion |
.85% .80% |
|
JNL/PIMCO Credit Income Fund |
$0 to $1 billion Over $1 billion |
.40% .35% |
|
JNL/PPM America Long Short Credit Fund |
$0 to $1 billion Over $1 billion |
.95% .90% |
|
JNL/X. Xxxx Price Capital Appreciation Fund |
$0 to $1 billion Over $1 billion |
.70% .65% |
|
JNL/The Boston Company Equity Income Fund |
$0 to $1 billion Over $1 billion |
.55% .50% |
|
JNL/The London Company Focused U.S. Equity Fund |
$0 to $1 billion Over $1 billion |
.70% .65% |
|
JNL/Xxx Xxx International Gold Fund |
$0 to $1 billion Over $1 billion |
.80% .75% |
|
JNL/WCM Focused International Equity Fund |
$0 to $1 billion Over $1 billion |
.80% .75% |
