Amendment to Amended and Restated Investment Sub-Advisory Agreement Between Jackson National Asset Management, LLC and Standard & Poor’s Investment Advisory Services LLC
Amendment
to Amended and Restated
Xxxxxxx National Asset Management, LLC
and Standard & Poor’s Investment Advisory Services LLC
This Amendment is made by and between Xxxxxxx National Asset Management, LLC, a Michigan limited liability company and registered investment adviser (“Adviser”), and Standard & Poor’s Investment Advisory Services LLC, a Delaware limited liability company and registered investment adviser (“Sub-Adviser”).
Whereas, the Adviser and the Sub-Adviser entered into an Amended and Restated Investment Sub-Advisory Agreement effective as of the 1st day of December, 2012, as amended January 1, 2013, and May 30, 2013 (“Agreement”), whereby the Adviser appointed the Sub-Adviser to provide certain sub-investment advisory services to certain investment portfolios of JNL Series Trust (“Trust”).
Whereas, the parties have agreed to amend the Agreement to add the following new fund: the JNL/S&P Mid 3 Fund, which will be co-sub-advised by Mellon Capital Management Corporation, effective April 28, 2014.
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 April 28, 2014, 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 April 28, 2014, attached hereto.
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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 as of January 31, 2014, effective as of April 28, 2014.
| Xxxxxxx National Asset Management, LLC | Standard & Poor’sInvestment Advisory Services LLC | |||
| By: |
/s/ Xxxx X. Xxxxx
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By: |
/s/ Xxxxxxx Xxxxxxxx
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| Name: |
Xxxx X. Xxxxx
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Name: |
Xxxxxxx Xxxxxxxx
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| Title: |
President and CEO
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Title: |
Managing Director
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Schedule A
Dated April 28, 2014
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Funds
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JNL/S&P Managed Growth Fund
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JNL/S&P Managed Conservative Fund
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JNL/S&P Managed Moderate Growth Fund
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JNL/S&P Managed Moderate Fund
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JNL/S&P Managed Aggressive Growth Fund
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JNL/S&P Competitive Advantage Fund
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JNL/S&P Dividend Income & Growth Fund
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JNL/S&P Intrinsic Value Fund
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JNL/S&P Mid 3 Fund
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JNL/S&P Total Yield Fund
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A-1
Schedule B
Dated April 28, 2014
(Compensation)
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Funds
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Group 1:
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JNL/S&P Managed Growth Fund
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JNL/S&P Managed Conservative Fund
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JNL/S&P Managed Moderate Growth Fund
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JNL/S&P Managed Moderate Fund
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JNL/S&P Managed Aggressive Growth Fund
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Assets
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Annual Rate
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Effective January 1, 2013:
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$0 to $8 Billion
Over $8 Billion
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0.02%
0.01%
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The assets of the funds are aggregated for purposes of calculating the sub-advisory fee.
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Group 2:
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JNL/S&P Competitive Advantage Fund
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JNL/S&P Dividend Income & Growth Fund
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JNL/S&P Intrinsic Value Fund
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JNL/S&P Total Yield Fund
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Assets
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Annual Rate
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Effective January 1, 2013:
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$0 to $1Billion
Next $2 Billion
Over $3 Billion
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0.08%
0.07%
0.05%
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The assets of the funds are aggregated for purposes of calculating the sub-advisory fee.
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Group 3:
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JNL/S&P Mid 3 Fund
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Assets
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Annual Rate
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Effective April 28, 2014:
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$0 to $1Billion
Over $1 Billion
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0.08%
0.07%
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B-1
