Amendment to Sub-Advisory Agreement Between Jackson National Asset Management, LLC and First Sentier Investors (Australia) IM LTD
Amendment
to Sub-Advisory Agreement Between
Xxxxxxx National Asset Management, LLC
and First Sentier Investors (Australia) IM LTD
This Amendment
is made by and between Xxxxxxx National Asset Management, LLC, a Michigan limited liability company and registered
investment adviser (the “Adviser”), and First Sentier Investors (Australia) IM LTD, a public limited liability company organized in the State of New South Wales, Australia and registered investment adviser (the “Sub-Adviser”).
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 Board of Trustees of the Trust approved, and the Parties have agreed to amend the sub-advisory fees, as set forth on Schedule B to the Agreement, to add a footnote for the JNL/First Sentier Global Infrastructure Fund, effective April 29, 2024.
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 April 29, 2024, attached hereto.
|
2)
|
Except as specifically amended hereby, the Agreement shall remain in full force and effect in accordance with its terms.
|
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 Parties have caused this Amendment to be executed, effective April 29, 2024.
Xxxxxxx National Asset Management, LLC
|
First Sentier Investors (Australia) IM LTD
by its duly authorised Officer
|
||||
By:
|
/s/ Xxxxx X. Xxxxxxx
|
By:
|
/s/ Xxxxx Xxxxx
|
||
Name:
|
Xxxxx X. Xxxxxxx
|
Name:
|
Xxxxx Xxxxx
|
||
Title:
|
Vice President and
|
Title:
|
Director
|
||
Deputy General Counsel
|
|||||
By:
|
/s/ Xxxxxx Xxx
|
||||
Name:
|
Xxxxxx Xxx
|
||||
Title:
|
Company Secretary
|
Schedule B
Dated April 29, 2024
(Compensation)
JNL/First Sentier Global Infrastructure Fund
|
|
Average Daily Net Assets
|
Annual Rate*
|
$0 to $200 million
|
0.40%
|
$200 million to $500 million
|
0.37%
|
$500 million to $750 million
|
0.35%
|
$750 million to $1 billion
|
0.33%
|
Amounts over $1 Billion
|
0.30%
|
* The assets of the JNL/First Sentier Global Infrastructure Fund of JNL Series Trust and the portion of the assets of the Xxxxxxx Real
Assets Fund which has been allocated to First Sentier Investors (Australia) IM Ltd by Xxxxxxx National Asset Management LLC pursuant to the Xxxxxxx Real Assets Fund Investment Sub-Advisory Agreement effective as of April 29, 2024, will be combined
for purposes of determining the applicable annual rate.