Amendment to Amended and Restated Investment Sub-Advisory Agreement Between Jackson National Asset Management, LLC
Amendment to
Amended and Restated
Investment Sub-Advisory Agreement Between
Xxxxxxx National Asset Management, LLC
and
Mellon Investments Corporation
This Amendment is made by and between Xxxxxxx National Asset Management, LLC, a Michigan limited liability company and registered investment adviser (the “Adviser”), and Mellon Investments Corporation (originally, Mellon Capital Management Corporation), a Delaware corporation and registered investment adviser (the “Sub-Adviser”).
Whereas, the Adviser and Sub-Adviser (the “Parties”) entered into an Amended and Restated Investment Sub-Advisory Agreement, effective as of the 1st day of December, 2012, as amended (the “Agreement”), whereby the Adviser appointed the Sub-Adviser to provide certain sub-investment advisory services to certain investment portfolios (each a “Fund,” and collectively, the “Funds”) of JNL Series Trust (the “Trust”), as listed on Schedule A of the Agreement.
Whereas, the Board of Trustees of the Trust approved termination of Mellon Investments Corporation as the Sub-Adviser for the JNL/X. Xxxx Price Mid-Cap Growth Fund, and the Parties have agreed to amend the Agreement to remove the JNL/X. Xxxx Price Mid-Cap Growth Fund and its’ fees, effective August 28, 2020.
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 August 28, 2020, attached hereto. |
| 2) | Schedule B to the Agreement is hereby deleted and replaced, in its entirety, with Schedule B dated August 28, 2020, attached hereto. |
| 3) | Except as specifically amended hereby, the Agreement shall remain in full force and effect, in accordance with its terms. |
| 4) | 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. |
| 5) | 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 August 28, 2020.
| Xxxxxxx National Asset Management, LLC | Mellon Investments Corporation (originally, Mellon Capital Management Corporation) | ||||
| By: | /s/ Xxxx X. Xxxxx | By: | /s/ Alex Over | ||
| Name: | Xxxx X. Xxxxx | Name: | Alex Over | ||
| Title: | President and CEO | Title: | Executive Vice President | ||
Schedule A
Dated August 28, 2020
|
|
|
| Funds | |
|
JNL iShares Tactical Growth Fund |
|
|
JNL iShares
Tactical Moderate Fund |
|
|
JNL iShares Tactical Moderate Growth Fund |
|
|
JNL S&P 500 Index Fund |
|
|
JNL/Xxxxxxx Xxxxx
Competitive Advantage Fund |
|
|
JNL/Xxxxxxx Sachs
Dividend Income & Growth Fund |
|
|
JNL/Xxxxxxx Xxxxx
International 5 Fund |
|
|
JNL/Xxxxxxx Sachs
Intrinsic Value Fund |
|
|
JNL/Xxxxxxx Xxxxx
Total Yield Fund |
|
|
JNL/Mellon Bond
Index Fund |
|
|
JNL/Mellon Communication Services Sector Fund |
|
|
JNL/Mellon Consumer Discretionary Sector Fund |
|
|
JNL/Mellon Consumer Staples Sector Fund |
|
|
JNL/Mellon DowSM Index Fund |
|
|
JNL/Mellon Emerging
Markets Index Fund |
|
|
JNL/Mellon Energy
Sector Fund |
|
|
JNL/Mellon Equity
Income Fund |
|
|
JNL/Mellon
Financial Sector Fund |
|
|
JNL/Mellon Healthcare Sector Fund |
|
|
JNL/Mellon Industrials Sector Fund |
|
|
JNL/Mellon Information Technology Sector Fund |
|
|
JNL/Mellon
International Index Fund |
|
|
JNL/Mellon Materials Sector Fund |
|
|
JNL/Mellon MSCI KLD
400 Social Index Fund |
|
|
JNL/Mellon MSCI
World Index Fund |
|
|
JNL/Mellon Nasdaq® 100 Index Fund |
|
|
JNL/Mellon Real Estate Sector Fund |
|
|
JNL/Mellon S&P
500 Index Fund |
|
|
JNL/Mellon S&P
400 MidCap Index Fund |
|
|
JNL/Mellon Small
Cap Index Fund |
|
|
JNL/Mellon
Utilities Sector Fund |
|
|
JNL/RAFI® Fundamental Asia Developed Fund |
|
|
JNL/RAFI® Fundamental Europe Fund |
|
|
JNL/RAFI® Fundamental U.S. Small Cap Fund |
|
|
JNL/RAFI® Multi-Factor U.S. Equity Fund |
|
| A-1 |
| Funds | |
|
JNL/Vanguard Growth ETF
Allocation Fund |
|
|
JNL/Vanguard Moderate ETF
Allocation Fund |
|
|
JNL/Vanguard Moderate Growth ETF
Allocation Fund |
|
|
JNL/Morningstar Wide Moat Index
Fund |
|
| A-2 |
Schedule B
Dated August 28, 2020
(Compensation)
|
JNL iShares Tactical Growth Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
$0 to $500 million
|
0.030%
|
|
$500 million to $2 billion
|
0.015%
|
|
Over $2 billion
|
0.010%
|
|
JNL iShares Tactical Moderate Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
$0 to $500 million
|
0.030%
|
|
$500 million to $2 billion
|
0.015%
|
|
Over $2 billion
|
0.010%
|
|
JNL iShares Tactical Moderate Growth Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
$0 to $500 million
|
0.030%
|
|
$500 million to $2 billion
|
0.015%
|
|
Over $2 billion
|
0.010%
|
|
JNL S&P 500 Index Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
$0 to $3 billion
|
0.010%
|
|
Over $3 billion
|
0.005%
|
|
JNL/Xxxxxxx Xxxxx Competitive Advantage Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
$0 to $500 million
|
0.030%
|
|
Over $500 million
|
0.015%
|
|
JNL/Xxxxxxx Sachs Dividend Income & Growth Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
$0 to $500 million
|
0.030%
|
|
Over $500 million
|
0.015%
|
| B-1 |
|
JNL/Xxxxxxx Xxxxx International 5 Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
$0 to $500 million
|
0.030%
|
|
Over $500 million
|
0.015%
|
|
JNL/Xxxxxxx Sachs Intrinsic Value Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
$0 to $500 million
|
0.030%
|
|
Over $500 million
|
0.015%
|
|
JNL/Xxxxxxx Xxxxx Total Yield Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
$0 to $500 million
|
0.030%
|
|
Over $500 million
|
0.015%
|
|
JNL/Mellon Bond Index Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
$0 to $500 million
|
0.030%
|
|
$500 million to $2 billion
|
0.015%
|
|
Over $2 billion
|
0.010%
|
|
JNL/Mellon Communication Services Sector Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
$0 to $500 million
|
0.030%
|
|
$500 million to $2 billion
|
0.015%
|
|
Amounts over $2 billion
|
0.010%
|
|
JNL/Mellon Consumer Discretionary Sector Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
$0 to $500 million
|
0.030%
|
|
$500 million to $2 billion
|
0.015%
|
|
Amounts over $2 billion
|
0.010%
|
|
JNL/Mellon Consumer Staples Sector Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
$0 to $500 million
|
0.030% |
|
$500 million to $2 billion
|
0.015%
|
|
Over $2 billion
|
0.010%
|
| B-2 |
|
JNL/Mellon DowSM Index Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
$0 to $500 million
|
0.030%
|
|
$500 million to $2 billion
|
0.015%
|
|
Amounts over $2 billion
|
0.010%
|
|
JNL/Mellon Emerging Markets Index Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
$0 to $500 million
|
0.030%
|
|
$500 million to $2 billion
|
0.015%
|
|
Over $2 billion
|
0.010%
|
|
JNL/Mellon Energy Sector Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
$0 to $500 million
|
0.030%
|
|
$500 million to $2 billion
|
0.015%
|
|
Amounts over $2 billion
|
0.010%
|
|
JNL/Mellon Equity Income Fund
|
|
| Average Daily Net Assets | Annual Rate |
| $0 to $100 million | 0.25% |
| $100 million to $200 million | 0.20% |
| Over $200 million | 0.15% |
|
JNL/Mellon Financial Sector Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
$0 to $500 million
|
0.030%
|
|
$500 million to $2 billion
|
0.015%
|
|
Amounts over $2 billion
|
0.010%
|
|
JNL/Mellon Healthcare Sector Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
$0 to $500 million
|
0.030%
|
|
$500 million to $2 billion
|
0.015%
|
|
Amounts over $2 billion
|
0.010%
|
| B-3 |
|
JNL/Mellon Industrials Sector Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
$0 to $500 million
|
0.030%
|
|
$500 million to $2 billion
|
0.015%
|
|
Over $2 billion
|
0.010%
|
|
JNL/Mellon Information Technology Sector Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
$0 to $500 million
|
0.030%
|
|
$500 million to $2 billion
|
0.015%
|
|
Amounts over $2 billion
|
0.010%
|
|
JNL/Mellon International Index Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
$0 to $500 million
|
0.030%
|
|
$500 million to $2 billion
|
0.015%
|
|
Over $2 billion
|
0.010%
|
|
JNL/Mellon Materials Sector Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
$0 to $500 million
|
0.030%
|
|
$500 million to $2 billion
|
0.015%
|
|
Over $2 billion
|
0.010%
|
|
JNL/Mellon MSCI KLD 400 Social Index Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
$0 to $500 million
|
0.030%
|
|
$500 million to $2 billion
|
0.015%
|
|
Over $2 billion
|
0.010%
|
|
JNL/Mellon MSCI World Index Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
$0 to $500 million
|
0.030%
|
|
$500 million to $2 billion
|
0.015%
|
|
Amounts over $2 billion
|
0.010%
|
| B-4 |
|
JNL/Mellon Nasdaq® 100 Index Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
$0 to $500 million
|
0.030%
|
|
$500 million to $2 billion
|
0.015%
|
|
Amounts over $2 billion
|
0.010%
|
|
JNL/Mellon Real Estate Sector Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
$0 to $500 million
|
0.030%
|
|
$500 million to $2 billion
|
0.015%
|
|
Over $2 billion
|
0.010%
|
|
JNL/Mellon S&P 500 Index Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
$0 to $3 billion
|
0.010%
|
|
Over $3 billion
|
0.005% |
|
JNL/Mellon S&P 400 MidCap Index Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
$0 to $3 billion
|
0.010%
|
|
Over $3 billion
|
0.005% |
|
JNL/Mellon Small Cap Index Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
$0 to $3 billion
|
0.010%
|
|
Over $3 billion
|
0.005% |
|
JNL/Mellon Utilities Sector Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
$0 to $500 million
|
0.030%
|
|
$500 million to $2 billion
|
0.015%
|
|
Over $2 billion
|
0.010%
|
|
JNL/RAFI® Fundamental Asia Developed Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
$0 to $500 million
|
0.030%
|
|
$500 million to $2 billion
|
0.015%
|
|
Over $2 billion
|
0.010%
|
| B-5 |
|
JNL/RAFI® Fundamental Europe Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
$0 to $500 million
|
0.030%
|
|
$500 million to $2 billion
|
0.015%
|
|
Over $2 billion
|
0.010%
|
|
JNL/RAFI® Fundamental U.S. Small Cap Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
$0 to $500 million
|
0.030%
|
|
$500 million to $2 billion
|
0.015%
|
|
Over $2 billion
|
0.010%
|
|
JNL/RAFI® Multi-Factor U.S. Equity Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
$0 to $500 million
|
0.030%
|
|
$500 million to $2 billion
|
0.015%
|
|
Over $2 billion
|
0.010%
|
|
JNL/Vanguard Growth ETF Allocation Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
$0 to $500 million
|
0.030%
|
|
$500 million to $2 billion
|
0.015%
|
|
Over $2 billion
|
0.010%
|
|
JNL/Vanguard Moderate ETF Allocation Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
$0 to $500 million
|
0.030%
|
|
$500 million to $2 billion
|
0.015%
|
|
Over $2 billion
|
0.010%
|
|
JNL/Vanguard Moderate Growth ETF Allocation Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
$0 to $500 million
|
0.030%
|
|
$500 million to $2 billion
|
0.015%
|
|
Over $2 billion
|
0.010%
|
| B-6 |
|
JNL/Morningstar Wide Moat Index Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
$0 to $500 million
|
0.030%
|
|
$500 million to $2 billion
|
0.015%
|
|
Over $2 billion
|
0.010%
|
|
B-7
|
