AMENDMENT
TO
INVESTMENT ADVISORY AND MANAGEMENT AGREEMENT
BETWEEN
JNL INVESTORS SERIES TRUST
AND
XXXXXXX NATIONAL ASSET MANAGEMENT, LLC
This Amendment is made as of July 15, 2009, between JNL Investors Series
Trust, a Massachusetts business trust ("Trust") and Xxxxxxx National Asset
Management, LLC, a Michigan limited liability company ("Adviser").
WHEREAS, the Trust and the Adviser are parties to an Investment Advisory
and Management Agreement dated November 1, 2005 ("Agreement"), whereby the
Adviser agreed to perform certain investment advisory services, on behalf of the
investment Funds listed on Schedule A of the Agreement.
WHEREAS, the Trust and the Adviser are currently in compliance and will
remain in compliance with their respective obligations under Rule 38a-1 under
the Investment Company Act of 1940, as amended relating to the Trust and Rule
206(4)-7 under the Investment Advisers Act of 1940, as amended relating to the
Adviser.
WHEREAS, pursuant to the liquidation of certain Funds from the Trust, the
following Funds 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
Xxxxxxx Perspective Asia Pacific ex-Japan Bond Fund
Xxxxxxx Perspective Asia ex-Japan Fund
Xxxxxxx Perspective Asia ex-Japan Infrastructure Fund
Xxxxxxx Perspective China-India Fund
Xxxxxxx Perspective Emerging Asia ex-Japan Fund
Xxxxxxx Perspective Japan Fund
Xxxxxxx Perspective Asian Pacific Real Estate Fund
Xxxxxxx Perspective European 30 Fund
Xxxxxxx Perspective Pacific Rim 30 Fund
Xxxxxxx Perspective Global Basics Fund
Xxxxxxx Perspective Global Leaders Fund
Xxxxxxx Perspective Pan European Fund
NOW THEREFORE, in consideration of the mutual covenants contained herein
and for other good and valuable consideration, the Fund and the Adviser agree 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.
This Amendment may be executed in two or more counterparts which together
shall constitute one document.
JNL INVESTORS SERIES TRUST XXXXXXX NATIONAL ASSET
MANAGEMENT, LLC
By: /s/ Xxxxx X. Xxxx By: /s/ Xxxx X. Xxxxx
Name: Xxxxx X. Xxxx Name: Xxxx X. Xxxxx
Title: Vice President, Counsel Title: President
& Secretary
SCHEDULE A
----------
DATED JULY 15, 2009
(Funds)
Xxxxxxx Perspective 5 Fund
Xxxxxxx Perspective Index 5 Fund
Xxxxxxx Perspective Money Market Fund
Xxxxxxx Perspective Optimized 5 Fund
Xxxxxxx Perspective S&P 4 Fund
Xxxxxxx Perspective 10 x 10 Fund
Xxxxxxx Perspective Total Return Fund
Xxxxxxx Perspective VIP Fund
JNL Money Market Fund
SCHEDULE B
----------
DATED JULY 15, 2009
FUND ASSETS ADVISORY FEE
---- ------ ------------
(Annual Rate Based on Average
Net Assets of each Fund)
Xxxxxxx Perspective 5 Fund $0 to $50 million 0.65%
$50 to $100 million 0.65%
$100 to $250 million 0.65%
$250 million to $750 million 0.60%
Over $750 million 0.60%
Xxxxxxx Perspective $0 to $50 million 0.65%
Index 5 Fund $50 to $100 million 0.65%
$100 to $250 million 0.65%
$250 million to $750 million 0.60%
Over $750 million 0.60%
Xxxxxxx Perspective $0 to $500 million 0.40%
Money Market Fund Over $500 million 0.35%
Xxxxxxx Perspective $0 to $50 million 0.65%
Optimized 5 Fund $50 to $100 million 0.65%
$100 to $250 million 0.65%
$250 million to $750 million 0.60%
Over $750 million 0.60%
Xxxxxxx Perspective S&P 4 Fund $0 to $500 million 0.80%
Over $500 million 0.75%
Xxxxxxx Perspective All Assets 0%
10 x 10 Fund
Xxxxxxx Perspective $0 to $500 million 0.65%
Total Return Fund Over $500 million 0.60%
Xxxxxxx Perspective VIP Fund $0 to $250 million 0.65%
Over $250 million 0.60%
JNL Money Market Fund $0 to $750 million 0.20%
Over $750 million 0.18%
