Amendment to Amended and Restated Investment Sub-Advisory Agreement Between Jackson National Asset Management, LLC and Wellington Management Company LLP
EX 99.28(d)(54)(viii)
Amendment
to Amended and Restated
Investment Sub-Advisory Agreement Between
Xxxxxxx National Asset Management, LLC
and Wellington Management Company LLP
This Amendment is made by and between Xxxxxxx National Asset Management, LLC, a Michigan limited liability company and registered investment adviser (“Adviser”), and Wellington Management Company LLP, a Delaware limited liability partnership and registered investment adviser (“Sub-Adviser”).
Whereas, the Adviser and Sub-Adviser (“Parties”) entered into an Amended and Restated Investment Sub-Advisory Agreement effective as of the 1st day of December, 2012, as amended (“Agreement”), whereby the Adviser appointed the Sub-Adviser to provide certain sub-investment advisory services to certain investment portfolios of JNL Series Trust (“Trust”), as listed on Schedule A to the Agreement.
Whereas, the Parties have agreed to rename the JNL/WMC Money Market Fund of the Trust to the JNL/WMC Government Money Market Fund, effective April 24, 2017.
Whereas, pursuant to this fund name change, the Adviser and the Sub-Adviser have agreed to amend Schedule A and Schedule B of the Agreement to update the fund name, as outlined above.
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 April 24, 2017, attached hereto.
|
|
2.
|
Schedule B to the Agreement is hereby deleted and replaced in its entirety with Schedule B dated April 24, 2017, attached hereto.
|
|
3.
|
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.
|
|
4.
|
This Amendment may be executed in one or more counterparts, which together shall constitute one document.
|
In Witness Whereof, the Adviser and the Sub-Adviser have caused this Amendment to be executed, effective April 24, 2017.
|
Xxxxxxx National Asset Management, LLC
|
Wellington Management Company LLP
|
||||
|
By:
|
/s/ Xxxx X. Xxxxx
|
By:
|
/s/ Xxxxx Xxxxxxxxxx
|
||
|
Name:
|
Xxxx X. Xxxxx
|
Name:
|
Xxxxx Xxxxxxxxxx
|
||
|
Title:
|
President and CEO
|
Title:
|
Senior Managing Director
|
||
Schedule A
Dated April 24, 2017
|
Funds
|
|
JNL/WMC Balanced Fund
|
|
JNL/WMC Government Money Market Fund
|
|
JNL/WMC Value Fund
|
A-1
Schedule B
Dated April 24, 2017
(Compensation)
|
JNL/WMC Balanced Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
$0 to $200 Million:
|
.27%
|
|
$200 Million to $400 Million:
|
.25%
|
|
$400 Million to $2.5 Billion:
|
.22%
|
|
$2.5 Billion to $5 Billion:
|
.20%
|
|
Over $5 Billion:
|
.18%
|
|
JNL/WMC Government Money Market Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
$0 to $1 Billion:
|
.04%*
|
|
$1 Billion to $4 Billion:
|
.025%*
|
|
Over $4 Billion:
|
.020%*
|
|
* The assets of the JNL/WMC Government Money Market Fund of JNL Series Trust and the assets of the JNL Government Money Market Fund of JNL Investors Series Trust will be combined for purposes of determining the applicable annual rate.
|
|
JNL/WMC Value Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
$0 to $750 Million:
|
.30%
|
|
$750 Million to $2.5 Billion:
|
.25%
|
|
Over $2.5 Billion:
|
.22%
|
B-1
