EX-99.23(h)(43)
AMENDMENT
TO
ADMINISTRATION AGREEMENT
BETWEEN
JNL SERIES TRUST
AND
XXXXXXX NATIONAL ASSET MANAGEMENT, LLC
This AMENDMENT is made by and between XXXXXXX NATIONAL ASSET MANAGEMENT,
LLC, a Michigan limited liability company ("Administrator"), and JNL SERIES
TRUST, a Massachusetts business trust ("Trust").
WHEREAS, the Administrator and the Trust entered into an Amended and
Restated Administration Agreement dated as of December 15, 2004 ("Agreement"),
whereby the Administrator agreed to provide certain administrative services to
the investment portfolios of the JNL Series Trust;
WHEREAS, pursuant to the Agreement, each Fund agreed to pay the
Administrator for the services provided and the expenses assumed by each Fund as
set forth in Schedule B to the Agreement, and the Administrator agreed to accept
such fee as full compensation under the Agreement for such services and
expenses;
WHEREAS, the parties wish to amend the Agreement in order to reflect the
addition of two new funds (the JNL/Mellon Capital Management Index 5 Fund, and
the JNL/Mellon Capital Management 10 x 10 Fund);
WHEREAS, in order to reflect the sub-adviser change from Fidelity
Management Research Company to Pyramis Global Advisers for all funds previously
subadvised by Fidelity Management and Research Company;
WHEREAS, in order to reflect the name change for all funds sub-advised by
Pyramis Global Advisers to "FI" when referencing the sub-adviser (formerly the
sub-adviser was referenced as "FMR," hereinafter, the sub-adviser should be
referenced as "FI");
WHEREAS, in order to reflect a change in sub-adviser from Western Asset
Management Company to Xxxxxxx Xxxxx Asset Management, L.P. for the JNL/Western
Asset Strategic Bond Fund;
WHEREAS, in order to reflect a name change for the JNL/Western Asset
Strategic Bond Fund to the JNL/Xxxxxxx Sachs Core Plus Bond Fund;
WHEREAS, in order to reflect a change in sub-adviser from Western Asset
Management Company to X.X. Xxxxxx Investment Management Inc. for the JNL/Western
Asset U.S. Government & Quality Bond Fund;
WHEREAS, in order to reflect a name change for the JNL/Western Asset U.S.
Government & Quality Bond Fund to the JNL/XX Xxxxxx U.S. Government & Quality
Bond Fund.
WHEREAS, in order to reflect a change in sub-adviser from Western Asset
Management Company to PPM America, Inc. for the JNL/Western Asset High Yield
Bond Fund;
WHEREAS, in order to reflect a name change for JNL/Western Asset High Yield
Bond Fund to the JNL/PPM America High Yield Bond Fund; and
WHEREAS, in order to reflect the merger of the JNL/Xxxxx Growth Fund, and
the JNL/Xxxxxxxxxxx Growth Fund into the JNL/X. Xxxx Price Established Growth
Fund.
NOW THEREFORE, in consideration of the mutual covenants contained herein
and for other good and valuable consideration, the Fund and the Administrator
agree as follows:
1. Schedule A to the Agreement is hereby deleted and replaced in its entirety
with Schedule A dated April 30, 2007, attached hereto.
2. Schedule B to the Agreement is hereby deleted and replaced in its entirety
with Schedule B dated April 30, 2007, attached hereto.
3. This Amendment may be executed in two or more counterparts which together
shall constitute one document.
IN WITNESS WHEREOF, the Administrator and the Trust have caused this
Amendment to be executed as of this 30th day of April, 2007.
JNL SERIES TRUST XXXXXXX NATIONAL ASSET MANAGEMENT, LLC
By: __________________________________ By: _________________________________
Name: Xxxxx X. Xxxx Name: Xxxx X. Xxxxx
Title: Vice President, Counsel, Title: President
and Secretary
SCHEDULE A
DATED APRIL 30, 2007
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FUNDS
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JNL/AIM Large Cap Growth Fund
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JNL/AIM Real Estate Fund
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JNL/AIM Small Cap Growth Fund
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JNL/Credit Suisse Global Natural Resources Fund
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JNL/Credit Suisse Long/Short Fund
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JNL/Eagle Core Equity Fund
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JNL/Eagle SmallCap Equity Fund
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JNL/FI Balanced Fund
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JNL/FI Mid-Cap Equity Fund
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JNL/Franklin Xxxxxxxxx Founding Strategy Fund
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JNL/Franklin Xxxxxxxxx Global Growth Fund
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JNL/Franklin Xxxxxxxxx Income Fund
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JNL/Franklin Xxxxxxxxx Mutual Shares Fund
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JNL/Franklin Xxxxxxxxx Small Cap Value Fund
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JNL/Xxxxxxx Sachs Core Plus Bond Fund
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JNL/Xxxxxxx Xxxxx Mid Cap Value Fund
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JNL/Xxxxxxx Sachs Short Duration Bond Fund
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JNL/JPMorgan International Equity Fund
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JNL/JPMorgan International Value Fund
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JNL/JPMorgan U.S. Government & Quality Bond Fund
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JNL/Lazard Emerging Markets Fund
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JNL/Lazard Small Cap Value Fund
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JNL/Lazard Mid Cap Value Fund
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JNL/Mellon Capital Management S&P 500 Index Fund
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JNL/Mellon Capital Management S&P 400 MidCap Index Fund
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JNL/Mellon Capital Management Small Cap Index Fund
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JNL/Mellon Capital Management International Index Fund
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JNL/Mellon Capital Management Bond Index Fund
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JNL/Mellon Capital Management Enhanced S&P 500 Stock Index Fund
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JNL/Mellon Capital Management Index 5 Fund
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JNL/Mellon Capital Management 10 x 10 Fund
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JNL/Oppenheimer Global Growth Fund
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JNL/PIMCO Real Return Fund
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JNL/PIMCO Total Return Bond Fund
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JNL/PPM America High Yield Bond Fund
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JNL/PPM America Value Equity Fund
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JNL/Xxxxxx Equity Fund
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JNL/Xxxxxx Xxxxxx Growth Fund
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JNL/Select Balanced Fund
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JNL/Select Global Growth Fund
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JNL/Select Large Cap Growth Fund
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JNL/Select Money Market Fund
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JNL/Select Value Fund
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JNL/X. Xxxx Price Established Growth Fund
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JNL/X. Xxxx Price Mid-Cap Growth Fund
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JNL/X. Xxxx Price Value Fund
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JNL/S&P Managed Growth Fund
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JNL/S&P Managed Conservative Fund
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JNL/S&P Managed Moderate Growth Fund
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JNL/S&P Managed Moderate Fund
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JNL/S&P Managed Aggressive Growth Fund
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JNL/S&P Retirement Income Fund
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JNL/S&P Retirement 2015 Fund
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JNL/S&P Retirement 2020 Fund
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JNL/S&P Retirement 2025 Fund
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JNL/S&P Moderate Retirement Strategy Fund
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JNL/S&P Moderate Growth Retirement Strategy Fund
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JNL/S&P Growth Retirement Strategy Fund
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JNL/S&P Disciplined Moderate Fund
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JNL/S&P Disciplined Moderate Growth Fund
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JNL/S&P Disciplined Growth Fund
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SCHEDULE B
DATED APRIL 30, 2007
Class A & B Shares
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FUNDS ASSETS FEE
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JNL/AIM Large Cap Growth Fund All Assets .10%
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JNL/AIM Real Estate Fund All Assets .10%
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JNL/AIM Small Cap Growth Fund All Assets .10%
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JNL/Credit Suisse Global Natural Resources Fund All Assets .15%
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JNL/Credit Suisse Long/Short Fund All Assets .15%
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JNL/Eagle Core Equity Fund All Assets .10%
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JNL/Eagle SmallCap Equity Fund All Assets .10%
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JNL/FI Balanced Fund All Assets .10%
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JNL/FI Mid-Cap Equity Fund All Assets .10%
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JNL/Franklin Xxxxxxxxx Founding Strategy Fund All Assets .05%
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JNL/Franklin Xxxxxxxxx Global Growth Fund All Assets .15%
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JNL/Franklin Xxxxxxxxx Income Fund All Assets .10%
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JNL/Franklin Xxxxxxxxx Mutual Shares Fund All Assets .10%
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JNL/Franklin Xxxxxxxxx Small Cap Value Fund All Assets .10%
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JNL/Xxxxxxx Sachs Core Plus Bond Fund All Assets .10%
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JNL/Xxxxxxx Xxxxx Mid Cap Value Fund All Assets .10%
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JNL/Xxxxxxx Sachs Short Duration Bond Fund All Assets .10%
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JNL/JPMorgan International Equity Fund All Assets .15%
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JNL/JPMorgan International Value Fund All Assets .15%
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JNL/JPMorgan U.S. Government & Quality Bond Fund All Assets .10%
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JNL/Lazard Emerging Markets Fund All Assets .15%
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JNL/Lazard Small Cap Value Fund All Assets .10%
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JNL/Lazard Mid Cap Value Fund All Assets .10%
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JNL/Mellon Capital Management S&P 500 Index Fund All Assets .10%
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JNL/Mellon Capital Management S&P 400 MidCap Index Fund All Assets .10%
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JNL/Mellon Capital Management Small Cap Index Fund All Assets .10%
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JNL/Mellon Capital Management International Index Fund All Assets .15%
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JNL/Mellon Capital Management Bond Index Fund All Assets .10%
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JNL/Mellon Capital Management Enhanced S&P 500 Stock Index Fund All Assets .10%
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JNL/Mellon Capital Management Index 5 Fund All Assets .05%
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JNL/Mellon Capital Management 10 x 10 Fund All Assets .05%
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JNL/Oppenheimer Global Growth Fund All Assets .15%
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JNL/PIMCO Real Return Fund All Assets .10%
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JNL/PIMCO Total Return Bond Fund All Assets .10%
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JNL/PPM America High Yield Bond Fund All Assets .10%
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JNL/PPM America Value Equity Fund All Assets .10%
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JNL/Xxxxxx Equity Fund All Assets .10%
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JNL/Xxxxxx Xxxxxx Growth Fund All Assets .10%
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JNL/Select Balanced Fund All Assets .10%
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JNL/Select Global Growth Fund All Assets .15%
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JNL/Select Large Cap Growth Fund All Assets .10%
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JNL/Select Money Market Fund All Assets .10%
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JNL/Select Value Fund All Assets .10%
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JNL/X. Xxxx Price Established Growth Fund All Assets .10%
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JNL/X. Xxxx Price Mid-Cap Growth Fund All Assets .10%
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JNL/X. Xxxx Price Value Fund All Assets .10%
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JNL/S&P Managed Growth Fund All Assets .05%
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JNL/S&P Managed Conservative Fund All Assets .05%
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JNL/S&P Managed Moderate Growth Fund All Assets .05%
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JNL/S&P Managed Moderate Fund All Assets .05%
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JNL/S&P Managed Aggressive Growth Fund All Assets .05%
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JNL/S&P Retirement Income Fund All Assets .05%
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JNL/S&P Retirement 2015 Fund All Assets .05%
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JNL/S&P Retirement 2020 Fund All Assets .05%
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JNL/S&P Retirement 2025 Fund All Assets .05%
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JNL/S&P Moderate Retirement Strategy Fund All Assets .10%
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JNL/S&P Moderate Growth Retirement Strategy Fund All Assets .10%
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JNL/S&P Growth Retirement Strategy Fund All Assets .10%
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JNL/S&P Disciplined Moderate Fund All Assets .05%
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JNL/S&P Disciplined Moderate Growth Fund All Assets .05%
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JNL/S&P Disciplined Growth Fund All Assets .05%
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