EX-99.23(d)(20)
EX-99.23(d)(20)
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Amendment
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To
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Between
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Xxxxxxx
National Asset Management, LLC
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And
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PPM
America, Inc.
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This Amendment
is made by and between
Xxxxxxx
National Asset Management, LLC, a Michigan limited liability
company and registered investment adviser (“Adviser”), and PPM
America, Inc., a
Delaware corporation and registered investment adviser
(“Sub-Adviser”).
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Whereas, the Adviser and Sub-Adviser
entered into an Investment Sub-Advisory Agreement dated as of December 27,
2007 (“Agreement”), whereby Adviser appointed Sub-Adviser to provide
certain sub-investment advisory services to certain investment portfolios
of JNL Investors Series Trust (“Trust”).
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Whereas, pursuant to the liquidation of
certain funds from the Trust, the following investment portfolios need to
be removed from the Agreement:
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Xxxxxxx
Perspective Core Equity Fund
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Xxxxxxx
Perspective Large Cap Value Fund
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Xxxxxxx
Perspective Mid Cap Value Fund
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Xxxxxxx
Perspective Small Cap Value Fund
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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 July 15, 2009, 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 July 15, 2009, attached hereto.
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In
Witness Whereof, the Adviser and the Sub-Adviser have caused this
Amendment to be executed as of this 15th
day of July, 2009.
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Xxxxxxx
National Asset
Management,
LLC
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PPM
America, Inc.
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By: /s/
Xxxx X. Xxxxx
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By: /s/
Xxxx X. Xxxxxxx
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Name:
Xxxx X. Xxxxx
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Name:
Xxxx X. Xxxxxxx
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Title: President
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Title:
Chief Operating Officer, Chief Compliance Officer, and
Treasurer
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Schedule
A
July
15, 2009
(Funds)
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Xxxxxxx
Perspective Total Return Fund
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Schedule
B
July
15, 2009
(Compensation)
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Xxxxxxx
Perspective Total Return Fund
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Average Daily Net
Assets
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Annual
Rate
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$0
to $150 Million
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0.20%
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$150
Million to $300 Million
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0.175%
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Amounts
over $300 Million
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0.15%
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