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, the parties wish to amend the Agreement in order to reflect the
name change for the following Fund: Change Xxxxxxx Perspective Total Return Fund
to JNL/PPM America Total Return 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 September 28, 2009, attached hereto.
2. Schedule B to the Agreement is hereby deleted and replaced in its entirety
with Schedule B dated September 28, 2009, attached hereto.
IN WITNESS WHEREOF, the Adviser and the Sub-Adviser have caused this
Amendment to be executed as of this 28th day of September, 2009.
XXXXXXX NATIONAL ASSET PPM AMERICA, INC.
MANAGEMENT, LLC
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 Compiance Officer &
Treasurer
SCHEDULE A
----------
SEPTEMBER 28, 2009
(Funds)
JNL/PPM America Total Return Fund
SCHEDULE B
-----------
SEPTEMBER 28, 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%