Ex-99.23(d)(113)
AMENDMENT
TO
INVESTMENT SUB-ADVISORY AGREEMENT
BETWEEN
XXXXXXX NATIONAL ASSET MANAGEMENT, LLC
AND
WESTERN ASSET 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 WESTERN ASSET MANAGEMENT COMPANY, a California corporation and
registered investment adviser ("Sub-Adviser").
WHEREAS, the Adviser and Sub-Adviser entered into an Investment
Sub-Advisory Agreement dated as of May 1, 2006 ("Agreement"), whereby Adviser
appointed Sub-Adviser to provide certain sub-investment advisory services to the
investment portfolios of the JNL Series Trust; and
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; and
WHEREAS, in order to reflect name changes for all funds to include the word
"Asset" when referencing the Sub-Adviser (formerly the Sub-Adviser was
referenced as "Western," hereinafter, the Sub-Adviser should be referenced as
"Western Asset"), Schedule A and Schedule B 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 A to the Agreement is hereby deleted and replaced in its
entirety with Schedule A dated January 16, 2007, attached hereto.
2. Schedule B to the Agreement is hereby deleted and replaced in its
entirety with Schedule B dated January 16, 2007, attached hereto.
IN WITNESS WHEREOF, the Adviser and the Sub-Adviser have caused this
Amendment to be executed as of this 16th day of January, 2007.
XXXXXXX NATIONAL ASSET WESTERN ASSET
MANAGEMENT, LLC MANAGEMENT COMPANY
By:__________________________________ By:____________________________________
Name: Xxxxxx X. Xxxxxxx Name:__________________________________
Title: President Title:_________________________________
SCHEDULE A
DATED JANUARY 16, 2007
(Funds)
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JNL/Western Asset High Yield Bond Fund
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JNL/Western Asset Strategic Bond Fund
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JNL/Western Asset U. S. Government & Quality Bond Fund
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SCHEDULE B
DATED JANUARY 16, 2007
(Compensation)
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JNL/Western Asset High Yield Bond Fund
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AVERAGE DAILY NET ASSETS ANNUAL RATE
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$0 to $50 Million 0.35%
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$50 Million to $100 Million 0.30%
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Amounts over $100 Million 0.25%
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JNL/Western Asset Strategic Bond Fund
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AVERAGE DAILY NET ASSETS ANNUAL RATE
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$0 to $50 Million 0.375%
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$50 Million to $150 Million 0.350%
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$150 Million to $500 Million 0.300%
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Amounts over $500 Million 0.250%
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JNL/Western Asset U. S.
Government & Quality Bond Fund
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AVERAGE DAILY NET ASSETS ANNUAL RATE
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$0 to $150 Million 0.225%
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$150 Million to $300 Million 0.175%
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$300 Million to $500 Million 0.150%
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Amounts over $500 Million 0.100%
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