Amendment to Amended and Restated Administration Agreement Between JNL Series Trust and Jackson National Asset Management, LLC
EX 99.28(h)(1)(xiv)
Amendment to
Amended and Restated Administration Agreement
Between JNL Series Trust and
Xxxxxxx National Asset Management, LLC
This Amendment is made by and between Xxxxxxx National Asset Management, LLC, a Michigan limited liability company (“Administrator”), and JNL Series Trust, a Massachusetts business trust (“Trust”).
Whereas, the Trust and the Administrator entered into an Amended and Restated Administration Agreement effective as of July 1, 2013, as amended (“Agreement”), whereby the Administrator agreed to provide certain administrative services to several separate series of shares (each a “Fund”) of the Trust, as listed on Schedule A of the Agreement.
Whereas, pursuant to the Agreement, the Trust agreed to pay the Administrator for the services provided and the expenses assumed by the Administrator a fee as set forth on Schedule B to the Agreement, and the Administrator agreed to accept such fee as full compensation under the Agreement for such services and expenses.
Whereas, the Trust and the Administrator agree to amend the fees as forth on Schedule B to the Agreement to reflect certain fee reductions.
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 B to the Agreement is hereby deleted and replaced in its entirety with Schedule B dated October 1, 2015, attached hereto.
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2.
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Except as specifically amended hereby, the Agreement shall remain in full force and effect in accordance with its terms.
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3.
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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.
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This Amendment may be executed in one or more counterparts, which together shall constitute one document.
In Witness Whereof, the Administrator and the Trust have caused this Amendment to be executed as of this 1st day of September 2015, effective October 1, 2015.
| JNL Series Trust | Xxxxxxx National Asset Management, LLC | ||||
| By: |
/s/ Xxxxxxx X. Xxxxxx
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By: |
/s/ Xxxx X. Xxxxx
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| Name: Xxxxxxx X. Xxxxxx | Name: Xxxx X. Xxxxx | ||||
| Title: Assistant Secretary | Title: President and CEO | ||||
Schedule B
Dated October 1, 2015
Class A & B Shares
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Funds
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Assets
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Fee
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JNL/American Funds Blue Chip Income and Growth Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/American Funds Global Bond Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/American Funds Global Small Capitalization Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/American Funds Growth-Income Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/American Funds International Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/American Funds New World Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL Multi-Manager Alternative Fund
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$0 to $3 billion
Assets over $3 billion
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.20%
.18%
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JNL Multi-Manager Small Cap Growth Fund
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$0 to $3 billion
Assets over $3 billion
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.10%
.09%
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JNL Multi-Manager Small Cap Value Fund
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$0 to $3 billion
Assets over $3 billion
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.10%
.09%
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JNL Institutional Alt 20 Fund
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$0 to $3 billion
Assets over $3 billion
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.05%
.045%
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JNL Institutional Alt 35 Fund
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$0 to $3 billion
Assets over $3 billion
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.05%
.045%
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JNL Institutional Alt 50 Fund
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$0 to $3 billion
Assets over $3 billion
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.05%
.045%
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JNL Alt 65 Fund
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$0 to $3 billion
Assets over $3 billion
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.05%
.045%
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JNL/American Funds Balanced Allocation Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/American Funds Growth Allocation Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/AB Dynamic Asset Allocation Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/AQR Managed Futures Strategy Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/BlackRock Natural Resources Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/BlackRock Global Allocation Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/BlackRock Large Cap Select Growth Fund
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$0 to $3 billion
Assets over $3 billion
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.10%
.09%
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B-1
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Funds
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Assets
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Fee
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JNL/Boston Partners Global Long Short Equity Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/Brookfield Global Infrastructure and MLP Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/Capital Guardian Global Balanced Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/Capital Guardian Global Diversified Research Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/Causeway International Value Select Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/DFA U.S. Core Equity Fund
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$0 to $3 billion
Assets over $3 billion
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.10%
.09%
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JNL/DoubleLine Shiller Enhanced CAPE Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/Eastspring Investments Asia ex-Japan Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/Eastspring Investments China-India Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/Franklin Xxxxxxxxx Founding Strategy Fund
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$0 to $3 billion
Assets over $3 billion
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.05%
.045%
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JNL/Franklin Xxxxxxxxx Global Growth Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/Franklin Xxxxxxxxx Global Multisector Bond Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/Franklin Xxxxxxxxx Income Fund
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$0 to $3 billion
Assets over $3 billion
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.10%
.09%
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JNL/Franklin Xxxxxxxxx International Small Cap Growth Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/Franklin Xxxxxxxxx Mutual Shares Fund
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$0 to $3 billion
Assets over $3 billion
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.10%
.09%
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JNL/Xxxxxxx Sachs Core Plus Bond Fund
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$0 to $3 billion
Assets over $3 billion
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.10%
.09%
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JNL/Xxxxxxx Xxxxx Emerging Markets Debt Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/Xxxxxxx Sachs Mid Cap Value Fund
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$0 to $3 billion
Assets over $3 billion
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.10%
.09%
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JNL/Xxxxxxx Xxxxx U.S. Equity Flex Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/Xxxxxx Oakmark Global Equity Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/Invesco Global Real Estate Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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B-2
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Funds
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Assets
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Fee
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JNL/Invesco International Growth Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/Invesco Large Cap Growth Fund
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$0 to $3 billion
Assets over $3 billion
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.10%
.09%
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JNL/Invesco Mid Cap Value Fund
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$0 to $3 billion
Assets over $3 billion
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.10%
.09%
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JNL/Invesco Small Cap Growth Fund
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$0 to $3 billion
Assets over $3 billion
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.10%
.09%
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JNL/Ivy Asset Strategy Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/JPMorgan MidCap Growth Fund
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$0 to $3 billion
Assets over $3 billion
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.10%
.09%
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JNL/JPMorgan U.S. Government & Quality Bond Fund
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$0 to $3 billion
Assets over $3 billion
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.10%
.09%
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JNL/Lazard Emerging Markets Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/Mellon Capital 10 x 10 Fund
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$0 to $3 billion
Assets over $3 billion
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.05%
.045%
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JNL/Mellon Capital Index 5 Fund
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$0 to $3 billion
Assets over $3 billion
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.05%
.045%
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JNL/Mellon Capital Emerging Markets Index Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/Mellon Capital European 30 Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/Mellon Capital Pacific Rim 30 Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/Mellon Capital S&P 500 Index Fund
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$0 to $3 billion
Assets over $3 billion
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.10%
.09%
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JNL/Mellon Capital S&P 400 MidCap Index Fund
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$0 to $3 billion
Assets over $3 billion
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.10%
.09%
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JNL/Mellon Capital Small Cap Index Fund
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$0 to $3 billion
Assets over $3 billion
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.10%
.09%
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JNL/Mellon Capital International Index Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/Mellon Capital Bond Index Fund
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$0 to $3 billion
Assets over $3 billion
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.10%
.09%
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JNL/Mellon Capital Utilities Sector Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/MMRS Conservative Fund
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$0 to $3 billion
Assets over $3 billion
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.05%
.045%
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JNL/MMRS Growth Fund
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$0 to $3 billion
Assets over $3 billion
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.05%
.045%
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B-3
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Funds
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Assets
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Fee
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JNL/MMRS Moderate Fund
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$0 to $3 billion
Assets over $3 billion
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.05%
.045%
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JNL/Xxxxxx Xxxxxxx Mid Cap Growth Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/Xxxxxxxxx Xxxxxx Strategic Income Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/Xxxxxxxxxxx Emerging Markets Innovators Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/Xxxxxxxxxxx Global Growth Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/PIMCO Real Return Fund
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$0 to $3 billion
Assets over $3 billion
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.10%
.09%
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JNL/PIMCO Total Return Bond Fund
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$0 to $3 billion
Assets over $3 billion
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.10%
.09%
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JNL/PPM America Floating Rate Income Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/PPM America High Yield Bond Fund
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$0 to $3 billion
Assets over $3 billion
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.10%
.09%
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JNL/PPM America Mid Cap Value Fund
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$0 to $3 billion
Assets over $3 billion
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.10%
.09%
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JNL/PPM America Small Cap Value Fund
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$0 to $3 billion
Assets over $3 billion
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.10%
.09%
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JNL/PPM America Value Equity Fund
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$0 to $3 billion
Assets over $3 billion
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.10%
.09%
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JNL/Red Rocks Listed Private Equity Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/Scout Unconstrained Bond Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/X. Xxxx Price Established Growth Fund
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$0 to $3 billion
Assets over $3 billion
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.10%
.09%
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JNL/X. Xxxx Price Mid-Cap Growth Fund
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$0 to $3 billion
Assets over $3 billion
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.10%
.09%
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JNL/X. Xxxx Price Short-Term Bond Fund
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$0 to $3 billion
Assets over $3 billion
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.10%
.09%
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JNL/X. Xxxx Price Value Fund
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$0 to $3 billion
Assets over $3 billion
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.10%
.09%
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JNL/Westchester Capital Event Driven Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/WMC Balanced Fund
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$0 to $3 billion
Assets over $3 billion
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.10%
.09%
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JNL/WMC Money Market Fund
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$0 to $3 billion
Assets over $3 billion
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.10%
.09%
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B-4
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Funds
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Assets
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Fee
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JNL/WMC Value Fund
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$0 to $3 billion
Assets over $3 billion
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.10%
.09%
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JNL/S&P Competitive Advantage Fund
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$0 to $3 billion
Assets over $3 billion
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.10%
.09%
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JNL/S&P Dividend Income & Growth Fund
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$0 to $3 billion
Assets over $3 billion
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.10%
.09%
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JNL/S&P Intrinsic Value Fund
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$0 to $3 billion
Assets over $3 billion
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.10%
.09%
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JNL/S&P Total Yield Fund
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$0 to $3 billion
Assets over $3 billion
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.10%
.09%
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JNL/S&P Mid 3 Fund
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$0 to $3 billion
Assets over $3 billion
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.10%
.09%
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JNL/S&P International 5 Fund
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$0 to $3 billion
Assets over $3 billion
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.15%
.13%
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JNL/S&P 4 Fund
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$0 to $3 billion
Assets over $3 billion
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.05%
.045%
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JNL/S&P Managed Growth Fund
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$0 to $3 billion
Assets over $3 billion
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.05%
.045%
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JNL/S&P Managed Conservative Fund
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$0 to $3 billion
Assets over $3 billion
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.05%
.045%
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JNL/S&P Managed Moderate Growth Fund
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$0 to $3 billion
Assets over $3 billion
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.05%
.045%
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JNL/S&P Managed Moderate Fund
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$0 to $3 billion
Assets over $3 billion
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.05%
.045%
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JNL/S&P Managed Aggressive Growth Fund
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$0 to $3 billion
Assets over $3 billion
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.05%
.045%
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JNL Disciplined Moderate Fund
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$0 to $3 billion
Assets over $3 billion
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.05%
.045%
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JNL Disciplined Moderate Growth Fund
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$0 to $3 billion
Assets over $3 billion
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.05%
.045%
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JNL Disciplined Growth Fund
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$0 to $3 billion
Assets over $3 billion
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.05%
.045%
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B-5
