Amendment to Amended and Restated Investment Advisory and Management Agreement Between JNL Series Trust and Jackson National Asset Management, LLC
EX. 99.28(d)(1)(xvi)
Amendment to
Amended and Restated Investment Advisory
and Management Agreement
Between JNL Series Trust and
Xxxxxxx National Asset Management, LLC
This Amendment is made by and between JNL Series Trust, a Massachusetts business trust (the “Trust”) and Xxxxxxx National Asset Management, LLC, a Michigan limited liability company (the “Adviser”).
Whereas, the Trust and the Adviser (the “Parties”) entered into an Amended and Restated Investment Advisory and Management Agreement effective as of the 1st day of July, 2013, as amended (the “Agreement”), whereby the Adviser agreed to provide certain investment advisory services to several separate series of shares (each a “Fund”) of the Trust, as listed on Schedule A of the Agreement.
Whereas, the Board of Trustees of the Trust (the “Board”) has approved new funds, fund mergers, fund name changes, fee changes for certain funds, and a new Cayman subsidiary for one fund, as outlined below, effective August 13, 2018 (collectively, the “Fund Changes”):
New Funds
1) JNL Multi-Manager International Small Cap Fund;
2) JNL/American Funds Capital Income Builder Fund;
3) JNL/Xxxxxxx U.S. Focused Real Estate Fund;
4) JNL/JPMorgan Hedged Equity Fund;
5) JNL/Xxxxxx Xxxxxx Global Growth Fund; and
6) JNL/Morningstar Wide Moat Index Fund.
Fund Mergers
1) JNL/Invesco Mid Cap Value Fund to merge into the JNL/MFS Mid Cap Value Fund;
2) JNL/MMRS Conservative Fund to merge into the JNL/MMRS Moderate Fund; and
3) JNL/MMRS Growth Fund to merge into the JNL/MMRS Moderate Fund.
Fund Name Changes
1) JNL/MMRS Moderate Fund change to JNL/X. Xxxx Price Managed Volatility Balanced Fund (in connection with an investment sub-adviser replacement, as approved by the Board);
2) JNL/Brookfield Global Infrastructure and MLP Fund change to JNL/First State Global Infrastructure Fund (in connection with an investment sub-adviser replacement, as approved by the Board);
3) JNL/Franklin Xxxxxxxxx International Small Cap Growth Fund change to JNL/Franklin Xxxxxxxxx International Small Cap Fund;
4) JNL/Vanguard Moderate Allocation Fund change to JNL/Vanguard Moderate ETF Allocation Fund;
5) JNL/Vanguard Moderate Growth Allocation Fund change to JNL/Vanguard Moderate Growth ETF Allocation Fund; and
6) JNL/Vanguard Growth Allocation Fund change to JNL/Vanguard Growth ETF Allocation Fund.
Fee Changes
1) JNL/BlackRock Global Allocation Fund;
2) JNL/First State Global Infrastructure Fund;
3) JNL/Mellon Capital Bond Index Fund;
4) JNL/Mellon Capital S&P 500 Index Fund;
5) JNL/X. Xxxx Price Managed Volatility Balanced Fund;
6) JNL/S&P International 5 Fund; and
7) JNL/S&P Mid 3 Fund.
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New Cayman Subsidiary
Fund: JNL Multi-Manager Alternative Fund (for the portion of assets managed by Boston Partners Global Investors, Inc.)
Cayman subsidiary: JNL Multi-Manager Alternative Fund (Boston Partners) Ltd.
Whereas, the Board has approved the removal of the following funds, and each fund’s respective Cayman subsidiary, which were previously terminated, from Schedule C of the Agreement (collectively, the “Cayman Removals”):
Fund: JNL/BlackRock Commodity Securities Strategy Fund
Cayman subsidiary: JNL/BlackRock Commodity Securities Strategy Fund Ltd.
Fund: JNL/Ivy Asset Strategy Fund
Cayman subsidiary: JNL/Ivy Asset Strategy Fund Ltd.
Whereas, pursuant to Board approval of the Fund Changes and Cayman Removals, as outlined above, the Parties have agreed to amend the Agreement, effective August 13, 2018, to update the list of funds to add the new funds, to remove the merged funds, and to update the fund names in Schedule A and Schedule B; to update the advisory fees in Schedule B; and to update the list in Schedule C of the Agreement for Cayman subsidiaries.
Now Therefore, in consideration of the mutual covenants herein contained, the Parties hereby agree to amend the Agreement as follows:
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1.
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Schedule A to the Agreement is hereby deleted and replaced in its entirety with Schedule A dated August 13, 2018, attached hereto.
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2.
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Schedule B to the Agreement is hereby deleted and replaced in its entirety with Schedule B dated August 13, 2018, attached hereto.
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3.
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Schedule C to the Agreement is hereby deleted and replaced in its entirety with Schedule C dated August 13, 2018, attached hereto.
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4.
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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.
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5.
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This Amendment may be executed in one or more counterparts, which together shall constitute one document.
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In Witness Whereof, the Adviser and the Trust have caused this Amendment to be executed, effective August 13, 2018.
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Xxxxxxx National Asset Management, LLC
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By:
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/s/ Xxxxxxx X. Xxxxxx
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By:
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/s/ Xxxx X. Xxxxx
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Name:
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Xxxxxxx X. Xxxxxx
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Name:
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Xxxx X. Xxxxx
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Title:
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Assistant Secretary
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Title:
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President and CEO
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- 2 -
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Schedule A
Dated August 13, 2018
(List of Funds)
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Funds
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JNL/American Funds Balanced Fund
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JNL/American Funds Blue Chip Income and Growth Fund
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JNL/American Funds Capital Income Builder Fund
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JNL/American Funds Global Bond Fund
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JNL/American Funds Global Small Capitalization Fund
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JNL/American Funds Growth-Income Fund
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JNL/American Funds International Fund
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JNL/American Funds New World Fund
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JNL Aggressive Growth Allocation Fund
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JNL Growth Allocation Fund
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JNL Moderate Growth Allocation Fund
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JNL Institutional Alt 25 Fund
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JNL Institutional Alt 50 Fund
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JNL Multi-Manager Alternative Fund
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JNL Multi-Manager International Small Cap Fund
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JNL Multi-Manager Mid Cap Fund
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JNL Multi-Manager Small Cap Growth Fund
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JNL Multi-Manager Small Cap Value Fund
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JNL/AB Dynamic Asset Allocation Fund
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JNL/American Funds Growth Allocation Fund
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JNL/American Funds Moderate Growth Allocation Fund
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JNL/AQR Large Cap Relaxed Constraint Equity Fund
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JNL/AQR Managed Futures Strategy Fund
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JNL/BlackRock Global Allocation Fund
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JNL/BlackRock Global Natural Resources Fund
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JNL/BlackRock Large Cap Select Growth Fund
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A-1
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Funds
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JNL/Boston Partners Global Long Short Equity Fund
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JNL/Causeway International Value Select Fund
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JNL/ClearBridge Large Cap Growth Fund
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JNL/Crescent High Income Fund
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JNL/DFA Growth Allocation Fund
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JNL/DFA Moderate Growth Allocation Fund
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JNL/DFA U.S. Core Equity Fund
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JNL/DoubleLine® Core Fixed Income Fund
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JNL/DoubleLine® Emerging Markets Fixed Income Fund
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JNL/DoubleLine® Shiller Enhanced CAPE® Fund
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JNL/First State Global Infrastructure Fund
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JNL/FPA + DoubleLine® Flexible Allocation Fund
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JNL/Franklin Xxxxxxxxx Founding Strategy Fund
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JNL/Franklin Xxxxxxxxx Global Fund
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JNL/Franklin Xxxxxxxxx Global Multisector Bond Fund
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JNL/Franklin Xxxxxxxxx Income Fund
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JNL/Franklin Xxxxxxxxx International Small Cap Fund
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JNL/Franklin Xxxxxxxxx Mutual Shares Fund
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JNL/Xxxxxxx Sachs Core Plus Bond Fund
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JNL/Xxxxxxx Xxxxx Emerging Markets Debt Fund
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JNL/GQG Emerging Markets Equity Fund
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JNL/Xxxxxx Oakmark Global Equity Fund
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JNL/Xxxxxxx U.S. Focused Real Estate Fund
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JNL/Invesco China-India Fund
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JNL/Invesco Diversified Dividend Fund;
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JNL/Invesco Global Real Estate Fund
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JNL/Invesco International Growth Fund
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JNL/Invesco Small Cap Growth Fund
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A-2
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Funds
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JNL/JPMorgan Hedged Equity Fund
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JNL/JPMorgan MidCap Growth 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/Xxxxxx Xxxxxx Global Growth Fund
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JNL/Mellon Capital 10 x 10 Fund
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JNL/Mellon Capital Bond Index Fund
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JNL/Mellon Capital Consumer Staples Sector Fund
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JNL/Mellon Capital Emerging Markets Index Fund
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JNL/Mellon Capital European 30 Fund
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JNL/Mellon Capital Index 5 Fund
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JNL/Mellon Capital Industrials Sector Fund
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JNL/Mellon Capital International Index Fund
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JNL/Mellon Capital Materials Sector Fund
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JNL/Mellon Capital MSCI KLD 400 Social Index Fund
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JNL/Mellon Capital Pacific Rim 30 Fund
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JNL/Mellon Capital Real Estate Sector Fund
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JNL/Mellon Capital S&P 400 MidCap Index Fund
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JNL/Mellon Capital S&P 500 Index Fund
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JNL S&P 500 Index Fund
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JNL/Mellon Capital S&P 1500 Growth Index Fund
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JNL/Mellon Capital S&P 1500 Value Index Fund
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JNL/Mellon Capital Small Cap Index Fund
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JNL/Mellon Capital Utilities Sector Fund
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JNL/Morningstar Wide Moat Index Fund
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JNL/MFS Mid Cap Value Fund
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JNL/Xxxxxxxxx Xxxxxx Strategic Income Fund
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JNL/Xxxxxxxxxxx Emerging Markets Innovator Fund
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A-3
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Funds
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JNL/Xxxxxxxxxxx Global Growth Fund
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JNL/PIMCO Income Fund
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JNL/PIMCO Real Return Fund
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JNL/PPM America Floating Rate Income Fund
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JNL/PPM America High Yield Bond Fund
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JNL/PPM America Mid Cap Value Fund
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JNL/PPM America Small Cap Value Fund
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JNL/PPM America Total Return Fund
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JNL/PPM America Value Equity Fund
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JNL/Scout Unconstrained Bond Fund
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JNL/X. Xxxx Price Established Growth Fund
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JNL/X. Xxxx Price Managed Volatility Balanced Fund
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JNL/X. Xxxx Price Mid-Cap Growth Fund
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JNL/X. Xxxx Price Short-Term Bond Fund
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JNL/X. Xxxx Price Value Fund
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JNL/Westchester Capital Event Driven Fund
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JNL/WMC Balanced Fund
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JNL/WMC Government Money Market Fund
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JNL/WMC Value Fund
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JNL/S&P 4 Fund
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JNL/S&P Competitive Advantage Fund
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JNL/S&P Dividend Income & Growth Fund
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JNL/S&P International 5 Fund
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JNL/S&P Intrinsic Value Fund
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JNL/S&P Managed Aggressive Growth Fund
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JNL/S&P Managed Conservative Fund
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JNL/S&P Managed Growth Fund
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JNL/S&P Managed Moderate Fund
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JNL/S&P Managed Moderate Growth Fund
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A-4
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Funds
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JNL/S&P Mid 3 Fund
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JNL/S&P Total Yield Fund
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JNL/Vanguard Capital Growth Fund
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JNL/Vanguard Equity Income Fund
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JNL/Vanguard Global Bond Market Index Fund
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JNL/Vanguard Growth ETF Allocation Fund
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JNL/Vanguard International Fund
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JNL/Vanguard International Stock Market Index Fund
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JNL/Vanguard Moderate ETF Allocation Fund
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JNL/Vanguard Moderate Growth ETF Allocation Fund
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JNL/Vanguard Small Company Growth Fund
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JNL/Vanguard U.S. Stock Market Index Fund
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A-5
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Schedule B
Dated August 13, 2018
(Compensation)
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Fund
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Assets
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Advisory Fee
(Annual Rate Based on Average
Net Assets of each Fund)
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JNL/American Funds Balanced Fund
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$0 to $500 million
$500 million to $3 billion
$3 billion to $5 billion
Over $5 billion
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.550%
.500%
.490%
.480%
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JNL/American Funds Capital Income Builder Fund
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$0 to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
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.525%
.500%
.490%
.480%
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JNL/American Funds Blue Chip Income and Growth Fund
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$0 to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
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.600%
.550%
.540%
.530%
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JNL/American Funds Global Bond Fund
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$0 to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
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.600%
.550%
.540%
.530%
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JNL/American Funds Global Small Capitalization Fund
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$0 to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
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.650%
.600%
.590%
.580%
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JNL/American Funds Growth-Income Fund
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$0 to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
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.600%
.550%
.540%
.530%
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JNL/American Funds International Fund
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$0 to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
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.750%
.700%
.690%
.680%
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JNL/American Funds New World Fund
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$0 to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
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.950%
.900%
.890%
.880%
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JNL Aggressive Growth Allocation Fund
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$0 to $500 million
$500 million to $3 billion
$3 billion to $5 billion
Over $5 billion
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.130%
.080%
.075%
.070%
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JNL Growth Allocation Fund
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$0 to $500 million
$500 million to $3 billion
$3 billion to $5 billion
Over $5 billion
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.130%
.08%
.075%
.070%
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JNL Moderate Growth Allocation Fund
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$0 to $500 million
$500 million to $3 billion
$3 billion to $5 billion
Over $5 billion
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.130%
.080%
.075%
.070%
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JNL Institutional Alt 25 Fund
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$0 to $500 million
$500 million to $3 billion
$3 billion to $5 billion
Over $5 billion
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.150%
.100%
.095%
.090%
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B-1
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Fund
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Assets
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Advisory Fee
(Annual Rate Based on Average
Net Assets of each Fund)
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JNL Institutional Alt 50 Fund
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$0 to $500 million
$500 million to $3 billion
$3 billion to $5 billion
Over 5 billion
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.150%
.100%
.095%
.090%
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JNL Multi-Manager Alternative Fund
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$0 to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
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1.200%
1.100%
1.090%
1.080%
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JNL Multi-Manager International Small Cap Fund
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$0 to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
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.750%
.725%
.715%
.705%
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JNL Multi-Manager Mid Cap Fund
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$0 to $500 million
$500 million to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
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.650%
.625%
.600%
.590%
.580%
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JNL Multi-Manager Small Cap Growth Fund
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$0 to $100 million
$100 million to $500 million
$500 million to $3 billion
$3 billion to $5 billion
Over $5 billion
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.650%
.600%
.550%
.540%
.530%
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JNL Multi-Manager Small Cap Value Fund
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$0 to $200 million
$200 million to $500 million
$500 million to $3 billion
$3 billion to $5 billion
Over $5 billion
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.750%
.670%
.650%
.640%
.630%
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JNL/AB Dynamic Asset Allocation Fund
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$0 to $500 million
$500 million to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
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.650%
.625%
.600%
.590%
.580%
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JNL/American Funds Growth Allocation Fund
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$0 to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
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.200%
.175%
.165%
.155%
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JNL/American Funds Moderate Growth Allocation Fund
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$0 to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
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.200%
.175%
.165%
.155%
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JNL/AQR Large Cap Relaxed Constraint Equity Fund
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$0 to $300 million
$300 million to $3 billion
$3 billion to $5 billion
Over $5 billion
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.700%
.650%
.640%
.630%
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JNL/AQR Managed Futures Strategy Fund
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$0 to $500 million
$500 million to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
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.850%
.800%
.750%
.740%
.730%
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JNL/BlackRock Global Allocation Fund
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$0 to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
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.650%
.590%
.550%
.540%
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B-2
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Fund
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Assets
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Advisory Fee
(Annual Rate Based on Average
Net Assets of each Fund)
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JNL/BlackRock Global Natural Resources Fund
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$0 to $300 million
$300 million to $ 1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
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.600%
.500%
.490%
.480%
.470%
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JNL/BlackRock Large Cap Select Growth Fund
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$0 to $150 million
$150 million to $500 million
$500 million to $750 million
$750 million to $3 billion
$3 billion to $5 billion
Over $5 billion
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.600%
.550%
.500%
.450%
.440%
.430%
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JNL/Boston Partners Global Long Short Equity Fund
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$0 to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
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1.100%
1.050%
1.040%
1.030%
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JNL/Causeway International Value Select Fund
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$0 to $500 million
$500 million to $2 billion
$2 billion to $5 billion
Over $5 billion
|
.550%
.500%
.470%
.460%
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JNL/ClearBridge Large Cap Growth Fund
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$0 to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
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.500%
.450%
.440%
.430%
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JNL/Crescent High Income Fund
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$0 to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
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.550%
.500%
.490%
.480%
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JNL/DFA Growth Allocation Fund
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$0 to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.200%
.175%
.165%
.155%
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JNL/DFA Moderate Growth Allocation Fund
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$0 to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.200%
.175%
.165%
.155%
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JNL/DFA U.S. Core Equity Fund
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$0 to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.400%
.390%
.380%
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JNL/DoubleLine® Core Fixed Income Fund
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$0 to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.390%
.360%
.350%
.340%
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JNL/DoubleLine® Emerging Markets Fixed Income Fund
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$0 to $500 million
$500 million to $3 billion
$3 billion to $5 billion
Over $5 billion
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.650%
.600%
.590%
.580%
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JNL/DoubleLine® Shiller Enhanced CAPE® Fund
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$0 to $500 million
$500 million to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over 5 billion
|
.625%
.600%
.550%
.540%
.530%
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B-3
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Fund
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Assets
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Advisory Fee
(Annual Rate Based on Average
Net Assets of each Fund)
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JNL/First State Global Infrastructure Fund
|
$0 to $500 million
$500 million to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over 5 billion
|
.700%
.690%
.630%
.620%
.610%
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JNL/FPA + DoubleLine® Flexible Allocation Fund
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$0 to $1 billion
$1 billion to $2 billion
$2 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.675%
.650%
.600%
.590%
.580%
|
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JNL/Franklin Xxxxxxxxx Founding Strategy Fund
|
All Assets
|
0%
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JNL/Franklin Xxxxxxxxx Global Fund
|
$0 to $300 million
$300 million to $500 million
$500 million to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.650%
.550%
.500%
.490%
.480%
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JNL/Franklin Xxxxxxxxx Global Multisector Bond Fund
|
$0 to $1 billion
$1 billion to $2 billion
$2 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.600%
.500%
.475%
.465%
.455%
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JNL/Franklin Xxxxxxxxx Income Fund
|
$0 to $100 million
$100 million to $200 million
$200 million to $500 million
$500 million to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.700%
.650%
.550%
.500%
.490%
.480%
|
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JNL/Franklin Xxxxxxxxx International Small Cap Fund
|
$0 to $500 million
$500 million to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.800%
.750%
.700%
.690%
.680%
|
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JNL/Franklin Xxxxxxxxx Mutual Shares Fund
|
$0 to $500 million
$500 million to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.620%
.570%
.560%
.550%
.540%
|
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JNL/Xxxxxxx Sachs Core Plus Bond Fund
|
$0 to $500 million
$500 million to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.450%
.400%
.350%
.340%
.330%
|
|
JNL/Xxxxxxx Xxxxx Emerging Markets Debt Fund
|
$0 to $200 million
$200 million to $400 million
$400 million to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.625%
.600%
.575%
.565%
.555%
|
|
JNL/GQG Emerging Markets Equity Fund
|
$0 to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.900%
.875%
.850%
.840%
|
|
B-4
|
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Fund
|
Assets
|
Advisory Fee
(Annual Rate Based on Average
Net Assets of each Fund)
|
|
JNL/Xxxxxx Oakmark Global Equity Fund
|
$0 to $250 million
$250 million to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.750%
.700%
.665%
.655%
|
|
JNL/Xxxxxxx U.S. Focused Real Estate Fund
|
$0 to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.650%
.600%
.590%
.580%
|
|
JNL/Invesco China-India Fund
|
$0 to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.750%
.725%
.715%
.705%
|
|
JNL/Invesco Diversified Dividend Fund
|
$0 to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.525%
.500%
.490%
.480%
|
|
JNL/Invesco Global Real Estate Fund
|
$0 to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.600%
.570%
.560%
.550%
|
|
JNL/Invesco International Growth Fund
|
$0 to $500 million
$500 million to $2 billion
$2 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.550%
.500%
.480%
.470%
.460%
|
|
JNL/Invesco Small Cap Growth Fund
|
$0 to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.675%
.630%
.620%
.610%
|
|
JNL/JPMorgan Hedged Equity Fund
|
$0 to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.500%
.450%
.440%
.430%
|
|
JNL/JPMorgan MidCap Growth Fund
|
$0 to $250 million
$250 million to $750 million
$750 million to $1.5 billion
$1.5 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.600%
.550%
.500%
.450%
.440%
.430%
|
|
JNL/JPMorgan U.S. Government & Quality Bond Fund
|
$0 to $150 million
$150 million to $300 million
$300 million to $500 million
$500 million to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.400%
.350%
.300%
.250%
.240%
.230%
|
|
JNL/Lazard Emerging Markets Fund
|
$0 to $250 million
$250 million to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.800%
.750%
.740%
.730%
|
|
JNL/Xxxxxx Xxxxxx Global Growth Fund
|
$0 to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.550%
.500%
.490%
.480%
|
|
JNL/Mellon Capital 10 x 10 Fund
|
All assets
|
0%
|
|
B-5
|
|
Fund
|
Assets
|
Advisory Fee
(Annual Rate Based on Average
Net Assets of each Fund)
|
|
JNL/Mellon Capital Bond Index Fund
|
$0 to $500 million
$500 million to $750 million
$750 million to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.180%
.150%
.140%
.130%
.120%
|
|
JNL/Mellon Capital Consumer Staples Sector Fund
|
$0 to $50 million
$50 million to $100 million
$100 million to $750 million
$750 million to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.240%
.210%
.180%
.170%
.160%
.150%
|
|
JNL/Mellon Capital Emerging Markets Index Fund
|
$0 to $500 million
$500 million to $750 million
$750 million to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.300%
.250%
.200%
.190%
.180%
|
|
JNL/Mellon Capital European 30 Fund
|
$0 to $50 million
$50 million to $100 million
$100 million to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.270%
.210%
.180%
.170%
.160%
|
|
JNL/Mellon Capital Index 5 Fund
|
All assets
|
0%
|
|
JNL/Mellon Capital Industrials Sector Fund
|
$0 to $50 million
$50 million to $100 million
$100 million to $750 million
$750 million to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.240%
.210%
.180%
.170%
.160%
.150%
|
|
JNL/Mellon Capital International Index Fund
|
$0 to $500 million
$500 million to $750 million
$750 million to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.200%
.150%
.140%
.130%
.120%
|
|
JNL/Mellon Capital Materials Sector Fund
|
$0 to $50 million
$50 million to $100 million
$100 million to $750 million
$750 million to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.240%
.210%
.180%
.170%
.160%
.150%
|
|
JNL/Mellon Capital MSCI KLD 400 Social Index Fund
|
$0 to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.250%
.200%
.190%
.180%
|
|
JNL/Mellon Capital Pacific Rim 30 Fund
|
$0 to $50 million
$50 million to $100 million
$100 million to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.270%
.210%
.180%
.170%
.160%
|
|
JNL/Mellon Capital Real Estate Sector Fund
|
$0 to $50 million
$50 million to $100 million
$100 million to $750 million
$750 million to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.240%
.210%
.180%
.170%
.160%
.150%
|
|
B-6
|
|
Fund
|
Assets
|
Advisory Fee
(Annual Rate Based on Average
Net Assets of each Fund)
|
|
JNL/Mellon Capital S&P 400 MidCap Index Fund
|
$0 to $500 million
$500 million to $750 million
$750 million to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.190%
.140%
.130%
.120%
.110%
|
|
JNL/Mellon Capital S&P 500 Index Fund
|
$0 to $500 million
$500 million to $750 million
$750 million to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.170%
.130%
.120%
.110%
.090%
|
|
JNL S&P 500 Index Fund
|
$0-$1 billion
$1 billion to $3 billion
$3 to $5 billion
Over $5 billion
|
0.20%
0.175%
0.165%
0.155%
|
|
JNL/Mellon Capital S&P 1500 Growth Index Fund
|
$0 to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.200%
.175%
.165%
.155%
|
|
JNL/Mellon Capital S&P 1500 Value Index Fund
|
$0 to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.200%
.175%
.165%
.155%
|
|
JNL/Mellon Capital Small Cap Index Fund
|
$0 to $500 million
$500 million to $750 million
$750 million to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.190%
.140%
.130%
.120%
.110%
|
|
JNL/Mellon Capital Utilities Sector Fund
|
$0 to $50 million
$50 million to $100 million
$100 million to $750 million
$750 million to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.240%
.210%
.180%
.170%
.160%
.150%
|
|
JNL/Morningstar Wide Moat Index Fund
|
$0 to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.200%
.175%
.165%
.155%
|
|
JNL/MFS Mid Cap Value Fund
|
$0 to $100 million
$100 million to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.600%
.550%
.540%
.530%
.520%
|
|
JNL/Xxxxxxxxx Xxxxxx Strategic Income Fund
|
$0 to $500 million
$500 million to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.500%
.450%
.400%
.390%
.380%
|
|
JNL/Xxxxxxxxxxx Emerging Markets Innovator Fund
|
$0 to $500 million
$500 million to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
|
1.00%
.950%
.900%
.890%
.880%
|
|
B-7
|
|
Fund
|
Assets
|
Advisory Fee
(Annual Rate Based on Average
Net Assets of each Fund)
|
|
JNL/Xxxxxxxxxxx Global Growth Fund
|
$0 to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.500%
.490%
.480%
|
|
JNL/PIMCO Income Fund
|
$0 to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.500%
.450%
.440%
.430%
|
|
JNL/PIMCO Real Return Fund
|
$0 to $1 billion
$1 billion to $2 billion
$2 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.390%
.375%
.365%
.355%
.345%
|
|
JNL/PPM America Floating Rate Income Fund
|
$0 to $500 million
$500 million to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.500%
.450%
.425%
.415%
.405%
|
|
JNL/PPM America High Yield Bond Fund
|
$0 to $150 million
$150 million to $500 million
$500 million to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.400%
.350%
.325%
.315%
.305%
|
|
JNL/PPM America Mid Cap Value Fund
|
$0 to $150 million
$150 million to $500 million
$500 million to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.650%
.550%
.500%
.475%
.465%
.455%
|
|
JNL/PPM America Small Cap Value Fund
|
$0 to $150 million
$150 million to $500 million
$500 million to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.650%
.550%
.500%
.475%
.465%
.455%
|
|
JNL/PPM America Total Return Fund
|
$0 to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.400%
.350%
.340%
.330%
|
|
JNL/PPM America Value Equity Fund
|
$0 to $300 million
$300 million to $ 1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over 5 billion
|
.450%
.400%
.390%
.380%
.370%
|
|
JNL/Scout Unconstrained Bond Fund
|
$0 to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.550%
.500%
.490%
.480%
|
|
JNL/X. Xxxx Price Established Growth Fund
|
$0 to $150 million
$150 million to $500 million
$500 million to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.550%
.500%
.450%
.440%
.430%
.420%
|
|
B-8
|
|
Fund
|
Assets
|
Advisory Fee
(Annual Rate Based on Average
Net Assets of each Fund)
|
|
JNL/X. Xxxx Price Managed Volatility Balanced Fund
|
$0 to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.550%
.500%
.490%
.480%
|
|
JNL/X. Xxxx Price Mid-Cap Growth Fund
|
$0 to $150 million
$150 million to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.650%
.600%
.590%
.580%
|
|
JNL/X. Xxxx Price Short-Term Bond Fund
|
$0 to $250 million
$250 million to $1.5 billion
$1.5 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.350%
.300%
.275%
.265%
.255%
|
|
JNL/X. Xxxx Price Value Fund
|
$0 to $150 million
$150 million to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.590%
.490%
.480%
.470%
|
|
JNL/Westchester Capital Event Driven Fund
|
$0 to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
|
1.050%
.900%
.890%
.880%
|
|
JNL/WMC Balanced Fund
|
$0 to $50 million
$50 million to $150 million
$150 million to $300 million
$300 million to $500 million
$500 million to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.450%
.400%
.375%
.350%
.325%
.315%
.305%
|
|
JNL/WMC Government Money Market Fund
|
$0 to $500 million
$500 million to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.180%
.150%
.140%
.130%
|
|
JNL/WMC Value Fund
|
$0 to $300 million
$300 million to $500 million
$500 million to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.450%
.400%
.350%
.340%
.330%
|
|
JNL/S&P 4 Fund
|
All Assets
|
0%
|
|
JNL/S&P Competitive Advantage Fund
|
$0 to $500 million
$500 million to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.300%
.250%
.240%
.230%
|
|
JNL/S&P Dividend Income & Growth Fund
|
$0 to $500 million
$500 million to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.300%
.250%
.240%
.230%
|
|
JNL/S&P International 5 Fund
|
$0 to $500 million
$500 million to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.300%
.250%
.240%
.230%
|
|
JNL/S&P Intrinsic Value Fund
|
$0 to $500 million
$500 million to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.300%
.250%
.240%
.230%
|
|
B-9
|
|
Fund
|
Assets
|
Advisory Fee
(Annual Rate Based on Average
Net Assets of each Fund)
|
|
JNL/S&P Managed Aggressive Growth Fund
|
$0 to $500 million
$500 million to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.130%
.080%
.075%
.070%
|
|
JNL/S&P Managed Conservative Fund
|
$0 to $500 million
$500 million to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.130%
.080%
.075%
.070%
|
|
JNL/S&P Managed Growth Fund
|
$0 to $500 million
$500 million to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.130%
.080%
.075%
.070%
|
|
JNL/S&P Managed Moderate Fund
|
$0 to $500 million
$500 million to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.130%
.080%
.075%
.070%
|
|
JNL/S&P Managed Moderate Growth Fund
|
$0 to $500 million
$500 million to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.130%
.080%
.075%
.070%
|
|
JNL/S&P Mid 3 Fund
|
$0 to $500 million
$500 million to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.300%
.250%
.240%
.230%
|
|
JNL/S&P Total Yield Fund
|
$0 to $500 million
$500 million to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.300%
.250%
.240%
.230%
|
|
JNL/Vanguard Capital Growth Fund
|
$0 to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.525%
.500%
.490%
.480%
|
|
JNL/Vanguard Equity Income Fund
|
$0 to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.525%
.500%
.490%
.480%
|
|
JNL/Vanguard Global Bond Market Index Fund
|
$0 to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.200%
.175%
.165%
.155%
|
|
JNL/Vanguard Growth ETF Allocation Fund
|
$0 to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.200%
.175%
.165%
.155%
|
|
JNL/Vanguard International Fund
|
$0 to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.675%
.650%
.640%
.630%
|
|
JNL/Vanguard International Stock Market Index Fund
|
$0 to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.200%
.175%
.165%
.155%
|
|
B-10
|
|
Fund
|
Assets
|
Advisory Fee
(Annual Rate Based on Average
Net Assets of each Fund)
|
|
JNL/Vanguard Moderate ETF Allocation Fund
|
$0 to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.200%
.175%
.165%
.155%
|
|
JNL/Vanguard Moderate Growth ETF Allocation Fund
|
$0 to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.200%
.175%
.165%
.155%
|
|
JNL/Vanguard Small Company Growth Fund
|
$0 to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.625%
.600%
.590%
.580%
|
|
JNL/Vanguard U.S. Stock Market Index Fund
|
$0 to $1 billion
$1 billion to $3 billion
$3 billion to $5 billion
Over $5 billion
|
.200%
.175%
.165%
.155%
|
|
B-11
|
Schedule C
Dated August 13, 2018
(List of Adviser’s Investment Advisory Agreements with Funds’ Subsidiaries)
|
Funds
|
Subsidiaries*
|
|
JNL Multi-Manager Alternative Fund (for the portion of assets managed by Boston Partners Global Investors, Inc.)
|
JNL Multi-Manager Alternative Fund (Boston Partners) Ltd.
|
|
JNL/AllianceBernstein Dynamic Asset Allocation Fund
|
JNL/AllianceBernstein Dynamic Asset Allocation Fund Ltd.
|
|
JNL/AQR Managed Futures Strategy Fund
|
JNL/AQR Managed Futures Strategy Fund, Ltd.
|
|
JNL/BlackRock Global Allocation Fund
|
JNL/BlackRock Global Allocation Fund Ltd.
|
* The Adviser has entered into an Investment Advisory Agreement with each subsidiary, which is wholly owned by the Fund listed opposite its name, pursuant to which the subsidiary is obligated to pay an investment advisory fee to the Adviser based on the same formula as set forth in Schedule B for its parent Fund.
|
C-1
|
