AMENDMENT
TO
INVESTMENT SUB-ADVISORY AGREEMENT
BETWEEN
XXXXXXX NATIONAL ASSET MANAGEMENT, LLC
AND
PPM AMERICA, INC.
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").
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").
WHEREAS, pursuant to the liquidation of certain funds from the Trust, the
following investment portfolios need to be removed from the Agreement:
Xxxxxxx Perspective Core Equity Fund
Xxxxxxx Perspective Large Cap Value Fund
Xxxxxxx Perspective Mid Cap Value Fund
Xxxxxxx Perspective Small Cap Value Fund
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 July 15, 2009, attached hereto.
2. Schedule B to the Agreement is hereby deleted and replaced in its entirety
with Schedule B dated July 15, 2009, attached hereto.
IN WITNESS WHEREOF, the Adviser and the Sub-Adviser have caused this
Amendment to be executed as of this 15th day of July, 2009.
XXXXXXX NATIONAL ASSET
MANAGEMENT, LLC PPM AMERICA, INC.
By: /s/ Xxxx X. Xxxxx By: /s/ Xxxx X. Xxxxxxx
Name: Xxxx X. Xxxxx Name: Xxxx X. Xxxxxxx
Title: President Title: Chief Operating Officer,
Chief Compliance Officer,
and Treasurer
SCHEDULE A
----------
JULY 15, 2009
(Funds)
Xxxxxxx Perspective Total Return Fund
SCHEDULE B
----------
JULY 15, 2009
(Compensation)
Xxxxxxx Perspective Total Return Fund
-------------------------------------
AVERAGE DAILY NET ASSETS ANNUAL RATE
$0 to $150 Million 0.20%
$150 Million to $300 Million 0.175%
Amounts over $300 Million 0.15%