Amendment to Investment Sub-Advisory Agreement Between Jackson national Asset Management, LLC and Ivy Investment Management Company
EX 99.28(d)(206)
Amendment
to
Investment Sub-Advisory Agreement
Between
Xxxxxxx national Asset Management, LLC
and
Ivy Investment Management Company
This Amendment is made by and between Xxxxxxx National Asset Management, LLC, a Michigan limited liability company and registered investment adviser (“Adviser”), and Ivy Investment Management Company, a Delaware corporation and registered investment adviser (“Sub-Adviser”).
Whereas, the Adviser and Sub-Adviser entered into an Investment Sub-Advisory Agreement dated as of September 28, 2009 (the “Agreement”), whereby Adviser appointed Sub-Adviser to provide certain sub-investment advisory services to investment portfolio(s) of JNL Series Trust.
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 Adviser and Sub-Adviser have agreed to a fee reduction for the JNL/Ivy Asset Strategy Fund.
Whereas, in order to reflect this fee reduction, Schedule B to the Agreement must be amended.
Now Therefore, in consideration of the mutual covenants herein contained, the parties hereby agree to amend the Agreement as follows:
1.
|
Schedule B to the Agreement is hereby deleted and replaced in its entirety with Schedule B dated May 24, 2011, attached hereto.
|
In Witness Whereof, the Adviser and the Sub-Adviser have caused this Amendment to be executed as of May 31, 2011, effective as of May 24, 2011.
Xxxxxxx National Asset Management, LLC
|
Ivy Investment Management Company
|
By: /s/ Xxxx X. Xxxxx
|
By: /s/ Xxxxxx X. Xxxxx
|
Name: Xxxx X. Xxxxx
|
Name: Xxxxxx X. Xxxxx
|
Title: President and CEO
|
Title: Senior Vice President
|
Schedule B
Dated May 24, 2011
(Compensation)
JNL/Ivy Asset Strategy Fund
|
|
Average Daily Net Assets
|
Annual Rate
|
$0 to $500 Million
|
0.55%
|
$500 to $1.5 Billion
|
0.47%
|
Amounts over $1.5 Billion
|
0.43%
|
B-1