Amended and Restated Investment Advisory and Management Agreement Between JNL Series Trust and Jackson National Asset Management, LLC
Ex. 99.28(d)(1)(iii)
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 13th day of September, 2021 (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 (i) three new Funds of the Trust (each, a “New Fund” and collectively, the “New Funds”), (ii) mergers for two Funds of the Trust into other Funds of the Trust (each, a “Merged Fund” and together, the “Merged Funds”), (iii) fund name changes for four Funds of the Trust (the “Fund Name Changes”), and (iv) fee changes for six Funds of the Trust (the “Fee Changes”), as outlined below, effective April 25, 2022:
New Funds
| 1) | JNL/AB Sustainable Global Thematic Fund; |
| 2) | JNL/Xxxxxxxxx Xxxxxx Gold Plus Strategy Fund; and |
| 3) | JNL/WCM China Quality Growth Fund. |
Merged Funds
| 1) | JNL/BlackRock Advantage International Fund; and |
| 2) | JNL/Franklin Xxxxxxxxx Growth Allocation Fund. |
Fund Name Changes
| 1) | JNL/Franklin Xxxxxxxxx Global Multisector Bond Fund change to JNL/Western Asset Global Multi- Sector Bond Fund (in connection with an investment sub-adviser replacement, as approved by the Board); |
| 2) | JNL/Invesco International Growth Fund change to JNL/Xxxxxxx Xxxxx International Leaders Fund (in connection with an investment sub-adviser replacement, as approved by the Board) |
| 3) | JNL/Mellon Equity Income Fund change to JNL/Xxxxxx Equity Income Fund (to align with the company name of the investment sub-adviser); and |
| 4) | JNL/Mellon MSCI KLD 400 Social Index Fund change to JNL/Morningstar U.S. Sustainability Index Fund (in connection with an investment strategy change and benchmark change, as approved by the Board). |
Fee Changes
| 1) | JNL/DFA U.S. Small Cap Fund; |
| 2) | JNL/Invesco Diversified Dividend Fund; |
| 3) | JNL/X. Xxxx Price Mid-Cap Growth Fund; |
| 4) | JNL/X. Xxxx Price U.S. High Yield Fund; |
| 5) | JNL/Western Asset Global Multi-Sector Bond Fund; and |
| 6) | JNL/Xxxxxxx Xxxxx International Leaders Fund. |
Whereas, pursuant to Board approval of the changes, as outlined above, the Parties have agreed to amend Schedule A and Schedule B of the Agreement to add each New Fund and each New Fund’s respective investment advisory fees, to remove each Merged Fund and each Merged Fund’s respective investment advisory fees, to update the names of certain Funds pursuant to the Fund Name Changes, and to update investment advisory fees for certain Funds pursuant to the Fee Changes, effective April 25, 2022.
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 April 25, 2022, attached hereto. |
| 2) | Schedule B to the Agreement is hereby deleted and replaced, in its entirety, with Schedule B dated April 25, 2022, attached hereto. |
| 3) | 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. |
| 4) | This Amendment may be executed in one or more counterparts, which together shall constitute one document. |
In Witness Whereof, the Adviser and the Trust have caused this Amendment to be executed, effective April 25, 2022.
|
Xxxxxxx National Asset Management, LLC |
||||
|
By: |
/s/ Xxxxxxx X. Xxxxxx |
By: |
/s/ Xxxx X. Xxxxx | |
| Name: | Xxxxxxx X. Xxxxxx | Name: | Xxxx X. Xxxxx | |
| Title: | Assistant Secretary | Title: | President and CEO | |
- 2 -
Schedule A
Dated April 25, 2022
(List of Funds)
| Funds |
| JNL/American Funds® Balanced Fund |
| JNL/American Funds® Bond Fund of America Fund |
| JNL/American Funds® Capital Income Builder Fund |
| JNL/American Funds® Capital World Bond Fund |
| JNL/American Funds® Global Growth Fund |
| JNL/American Funds® Global Small Capitalization Fund |
| JNL/American Funds® Growth Fund |
| JNL/American Funds® Growth-Income Fund |
| JNL/American Funds® International Fund |
| JNL/American Funds® New World Fund |
| JNL/American Funds® Washington Mutual Investors Fund |
| JNL Aggressive Growth Allocation Fund |
| JNL Conservative Allocation Fund |
| JNL Growth Allocation Fund |
| JNL iShares Tactical Growth Fund |
| JNL iShares Tactical Moderate Fund |
| JNL iShares Tactical Moderate Growth Fund |
| JNL Moderate Allocation Fund |
| JNL Moderate Growth Allocation Fund |
| JNL Multi-Manager Alternative Fund |
| JNL Multi-Manager Emerging Markets Equity Fund |
| JNL Multi-Manager International Small Cap Fund |
| JNL Multi-Manager Mid Cap Fund |
| JNL Multi-Manager Small Cap Growth Fund |
| JNL Multi-Manager Small Cap Value Fund |
| JNL/AB Sustainable Global Thematic Fund |
| JNL/American Funds® Growth Allocation Fund |
| JNL/American Funds® Moderate Growth Allocation Fund |
| JNL/AQR Large Cap Defensive Style Fund |
| JNL/Xxxxxxx Xxxxxxx International Growth Fund |
| JNL/Xxxxxxx Xxxxxxx U.S. Equity Growth Fund |
| JNL/BlackRock Global Allocation Fund |
| JNL/BlackRock Global Natural Resources Fund |
| JNL/BlackRock Large Cap Select Growth Fund |
| JNL/Causeway International Value Select Fund |
| JNL/ClearBridge Large Cap Growth Fund |
| JNL/DFA International Core Equity Fund |
| JNL/DFA U.S. Core Equity Fund |
| JNL/DFA U.S. Small Cap Fund |
| JNL/DoubleLine® Core Fixed Income Fund |
A-1
| Funds |
| JNL/DoubleLine® Emerging Markets Fixed Income Fund |
| JNL/DoubleLine® Shiller Enhanced CAPE® Fund |
| JNL/DoubleLine® Total Return Fund |
| JNL/Fidelity Institutional Asset Management® Total Bond Fund |
| JNL/First Sentier Global Infrastructure Fund |
| JNL/Franklin Xxxxxxxxx Income Fund |
| JNL/Xxxxxxx Sachs 4 Fund |
| JNL/Xxxxxxx Xxxxx Managed Aggressive Growth Fund |
| JNL/Xxxxxxx Sachs Managed Conservative Fund |
| JNL/Xxxxxxx Xxxxx Managed Growth Fund |
| JNL/Xxxxxxx Sachs Managed Moderate Fund |
| JNL/Xxxxxxx Xxxxx Managed Moderate Growth Fund |
| JNL/GQG Emerging Markets Equity Fund |
| JNL/Xxxxxx Oakmark Global Equity Fund |
| JNL/Xxxxxxx U.S. Focused Real Estate Fund |
| JNL/Invesco Diversified Dividend Fund |
| JNL/Invesco Global Growth Fund |
| JNL/Invesco Small Cap Growth Fund |
| JNL/JPMorgan Global Allocation Fund |
| JNL/JPMorgan Hedged Equity Fund |
| JNL/JPMorgan MidCap Growth Fund |
| JNL/JPMorgan U.S. Government & Quality Bond Fund |
| JNL/JPMorgan U.S. Value Fund |
| JNL/Lazard International Strategic Equity Fund |
| JNL/Xxxxxx Xxxxxx Global Growth Fund |
| JNL/Lord Xxxxxx Short Duration Income 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 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 Nasdaq® 100 Index Fund |
| JNL/Mellon Real Estate Sector Fund |
| JNL/Mellon S&P 400 MidCap Index Fund |
| JNL/Mellon S&P 500 Index Fund |
A-2
| Funds |
| JNL S&P 500 Index Fund |
| JNL/Mellon Small Cap Index Fund |
| JNL/Mellon U.S. Stock Market Index Fund |
| JNL/Mellon Utilities Sector Fund |
| JNL/Mellon World Index Fund |
| JNL/Morningstar PitchBook Listed Private Equity Index Fund |
| JNL/Morningstar U.S. Sustainability Index Fund |
| JNL/Morningstar Wide Moat Index Fund |
| JNL/MFS Mid Cap Value Fund |
| JNL/Xxxxxxxxx Xxxxxx Commodity Strategy Fund |
| JNL/Xxxxxxxxx Xxxxxx Gold Plus Strategy Fund |
| JNL/Xxxxxxxxx Xxxxxx Strategic Income Fund |
| JNL/Xxxxxx Equity Income Fund |
| JNL/PIMCO Income Fund |
| JNL/PIMCO Investment Grade Credit Bond Fund |
| JNL/PIMCO Real Return Fund |
| JNL/PPM America Floating Rate Income Fund |
| JNL/PPM America High Yield Bond Fund |
| JNL/PPM America Total Return Fund |
| JNL/RAFI® Fundamental U.S. Small Cap Fund |
| JNL/RAFI® Multi-Factor U.S. Equity Fund |
| JNL/X. Xxxx Price Balanced Fund |
| JNL/X. Xxxx Price Capital Appreciation Fund |
| JNL/X. Xxxx Price Established Growth Fund |
| JNL/X. Xxxx Price Mid-Cap Growth Fund |
| JNL/X. Xxxx Price Short-Term Bond Fund |
| JNL/X. Xxxx Price U.S. High Yield Fund |
| JNL/X. Xxxx Price Value Fund |
| JNL/Vanguard Growth ETF Allocation Fund |
| JNL/Vanguard Moderate ETF Allocation Fund |
| JNL/Vanguard Moderate Growth ETF Allocation Fund |
| JNL/WCM China Quality Growth Fund |
| JNL/WCM Focused International Equity Fund |
| JNL/Westchester Capital Event Driven Fund |
| JNL/Western Asset Global Multi-Sector Bond Fund |
| JNL/Xxxxxxx Xxxxx International Leaders Fund |
| JNL/WMC Balanced Fund |
| JNL/WMC Equity Income Fund |
| JNL/WMC Global Real Estate Fund |
| JNL/WMC Government Money Market Fund |
| JNL/WMC Value Fund |
A-3
Schedule B
Dated April 25, 2022
(Compensation)
| Fund | Assets | Advisory Fee (Annual Rate Based on Average Net Assets of each Fund) |
| JNL/American Funds® Balanced Fund | $0 to $500
million $500 million to $3 billion $3 billion to $5 billion Over $5 billion |
.550% .500% .490% .480% |
| JNL/American Funds® Bond Fund of America Fund | $0 to $1
billion $1 billion to $3 billion $3 billion to $5 billion Over $5 billion |
.400% .375% .350% .340% |
| JNL/American Funds® Capital Income Builder Fund | $0 to $1
billion $1 billion to $3 billion $3 billion to $5 billion Over $5 billion |
.525% .500% .490% .480% |
| JNL/American Funds® Capital World Bond Fund | $0 to $1
billion $1 billion to $3 billion $3 billion to $5 billion Over $5 billion |
.600% .550% .540% .530% |
| JNL/American Funds® Global Growth Fund | $0 to $1 billion $1 billion to $3 billion $3 billion to $5 billion Over $5 billion |
.650% .600% .590% .580% |
| JNL/American Funds® Global Small Capitalization Fund | $0 to $1
billion $1 billion to $3 billion $3 billion to $5 billion Over $5 billion |
.650% .600% .590% .580% |
| JNL/American Funds® Growth Fund | $0 to $1 billion $1 billion to $3 billion $3 billion to $5 billion Over $5 billion |
.650% .600% .590% .580% |
| JNL/American Funds® Growth-Income Fund | $0 to $1
billion $1 billion to $3 billion $3 billion to $5 billion Over $5 billion |
.600% .550% .540% .530% |
| JNL/American Funds® International Fund | $0 to $1
billion $1 billion to $3 billion $3 billion to $5 billion Over $5 billion |
.750% .700% .690% .680% |
| JNL/American Funds® New World Fund | $0 to $1
billion $1 billion to $3 billion $3 billion to $5 billion Over $5 billion |
.950% .900% .890% .880% |
| JNL/American Funds® Washington Mutual Investors Fund | $0 to $1
billion $1 billion to $3 billion $3 billion to $5 billion Over $5 billion |
.600% .550% .540% .530% |
| JNL Aggressive Growth Allocation Fund | $0 to $500
million $500 million to $3 billion $3 billion to $5 billion Over $5 billion |
.130% .080% .075% .070% |
B-1
| Fund | Assets | Advisory Fee (Annual Rate Based on Average Net Assets of each Fund) |
| JNL Conservative Allocation Fund | $0 to $500 million $500 million to $3 billion $3 billion to $5 billion Over $5 billion |
.130% .080% .075% .070% |
| JNL Growth Allocation Fund | $0 to $500
million $500 million to $3 billion $3 billion to $5 billion Over $5 billion |
.130% .08% .075% .070% |
| JNL iShares Tactical Growth Fund | $0 to $1 billion $1 billion to $3 billion $3 billion to $5 billion Over $5 billion |
.200% .150% .140% .130% |
| JNL iShares Tactical Moderate Fund | $0 to $1 billion $1 billion to $3 billion $3 billion to $5 billion Over $5 billion |
.200% .150% .140% .130% |
| JNL iShares Tactical Moderate Growth Fund | $0 to $1 billion $1 billion to $3 billion $3 billion to $5 billion Over $5 billion |
.200% .150% .140% .130% |
| JNL Moderate Allocation Fund | $0 to $500 million $500 million to $3 billion $3 billion to $5 billion Over $5 billion |
.130% .080% .075% .070% |
| JNL Moderate Growth Allocation Fund | $0 to $500
million $500 million to $3 billion $3 billion to $5 billion Over $5 billion |
.130% .080% .075% .070% |
| JNL Multi-Manager Alternative Fund | $0 to $850
million $850 million to $3 billion $3 billion to $5 billion Over $5 billion |
1.200% 1.100% 1.090% 1.080% |
| JNL Multi-Manager Emerging Markets Equity Fund | $0 to $250
million $250 million to $3 billion $3 billion to $5 billion Over $5 billion |
.800% .750% .740% .730% |
| JNL Multi-Manager International Small Cap Fund | $0 to $1
billion $1 billion to $3 billion $3 billion to $5 billion Over $5 billion |
.750% .725% .715% .705% |
| JNL Multi-Manager Mid Cap Fund | $0 to $500
million $500 million to $1 billion $1 billion to $3 billion $3 billion to $5 billion Over $5 billion |
.650% .625% .600% .590% .580% |
| JNL Multi-Manager Small Cap Growth Fund | $0 to $100
million $100 million to $500 million $500 million to $3 billion $3 billion to $5 billion Over $5 billion |
.650% .600% .550% .540% .530% |
| JNL Multi-Manager Small Cap Value Fund | $0 to $200
million $200 million to $500 million $500 million to $3 billion $3 billion to $5 billion Over $5 billion |
.750% .670% .650% .640% .630% |
B-2
| Fund | Assets | Advisory Fee (Annual Rate Based on Average Net Assets of each Fund) |
| JNL/AB Sustainable Global Thematic Fund | $0 to $1
billion $1 billion to $3 billion $3 billion to $5 billion Over $5 billion |
.650% .600% .550% .540% |
| JNL/American Funds® Growth Allocation Fund | $0 to $1
billion $1 billion to $3 billion $3 billion to $5 billion Over $5 billion |
.200% .175% .165% .155% |
| JNL/American Funds® Moderate Growth Allocation Fund | $0 to $1
billion $1 billion to $3 billion $3 billion to $5 billion Over $5 billion |
.200% .175% .165% .155% |
| JNL/AQR Large Cap Defensive Style Fund | $0 to $1
billion $1 billion to $3 billion $3 billion to $5 billion Over $5 billion |
.400% .370% .360% .350% |
| JNL/Xxxxxxx Xxxxxxx International Growth Fund | $0 to $1
billion $1 billion to $3 billion $3 billion to $5 billion Over $5 billion |
.530% .520% .510% .500% |
| JNL/Xxxxxxx Xxxxxxx U.S. Equity Growth Fund | $0 to $1
billion $1 billion to $3 billion $3 billion to $5 billion Over $5 billion |
.500% .450% .440% .430% |
| JNL/BlackRock Global Allocation Fund | $0 to $1
billion $1 billion to $3 billion $3 billion to $5 billion Over $5 billion |
.600% .565% .550% .540% |
| JNL/BlackRock Global Natural Resources Fund | $0 to $300
million $300 million to $ 1 billion $1 billion to $3 billion $3 billion to $5 billion Over $5 billion |
.600% .500% .490% .480% .470% |
| JNL/BlackRock Large Cap Select Growth Fund | $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 |
.600% .550% .500% .450% .440% .430% |
| JNL/Causeway International Value Select Fund | $0 to $500
million $500 million to $2 billion $2 billion to $5 billion Over $5 billion |
.550% .500% .470% .460% |
| JNL/ClearBridge Large Cap Growth Fund | $0 to $1
billion $1 billion to $3 billion $3 billion to $5 billion Over $5 billion |
.500% .450% .440% .430% |
| JNL/DFA International Core Equity Fund | $0 to $3
billion $3 billion to $5 billion Over $5 billion |
.450% .440% .430% |
| JNL/DFA U.S. Core Equity Fund | $0 to $1
billion $1 billion to $3 billion $3 billion to $5 billion Over $5 billion |
.400% .375% .360% .350% |
B-3
| Fund | Assets | Advisory Fee (Annual Rate Based on Average Net Assets of each Fund) |
| JNL/DFA U.S. Small Cap Fund | $0 to $3
billion $3 billion to $5 billion Over $5 billion |
.530% .520% .510% |
| JNL/DoubleLine® Core Fixed Income Fund | $0 to $1
billion $1 billion to $3 billion $3 billion to $5 billion Over $5 billion |
.390% .360% .350% .340% |
| JNL/DoubleLine® Emerging Markets Fixed Income Fund | $0 to $500
million $500 million to $3 billion $3 billion to $5 billion Over $5 billion |
.625% .600% .590% .580% |
| JNL/DoubleLine® Shiller Enhanced CAPE® Fund | $0 to $500
million $500 million to $1 billion $1 billion to $3 billion $3 billion to $5 billion Over 5 billion |
.600% .575% .520% .510% .500% |
| JNL/DoubleLine® Total Return Fund | $0 to $1 billion $1 billion to $3 billion $3 billion to $5 billion Over $5 billion |
.450% .400% .390% .380% |
| JNL/Fidelity Institutional Asset Management® Total Bond Fund | $0 to $500
million $500 million to $1 billion $1 billion to $3 billion $3 billion to $5 billion Over $5 billion |
.400% .380% .350% .340% .330% |
| JNL/First Sentier 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% |
| 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% |
| JNL/Xxxxxxx Sachs 4 Fund | $0 to $500
million $500 million to $3 billion $3 billion to $5 billion Over $5 billion |
.300% .250% .240% .230% |
| JNL/Xxxxxxx Xxxxx 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/Xxxxxxx Sachs 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/Xxxxxxx Xxxxx Managed Growth Fund | $0 to $500
million $500 million to $3 billion $3 billion to $5 billion Over $5 billion |
.130% .080% .075% .070% |
B-4
| Fund | Assets | Advisory Fee (Annual Rate Based on Average Net Assets of each Fund) |
| JNL/Xxxxxxx Sachs 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/Xxxxxxx Xxxxx 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/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% |
| JNL/Xxxxxx Oakmark Global Equity Fund | $0 to $250
million $250 million to $1 billion $1 billion to $3 billion $3 billion to $5 billion Over $5 billion |
.700% .675% .650% .640% .630% |
| 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 Diversified Dividend Fund | $0 to $1
billion $1 billion to $3 billion $3 billion to $5 billion Over $5 billion |
.525% .470% .460% .450% |
| JNL/Invesco Global Growth Fund | $0 to $3
billion $3 billion to $5 billion Over $5 billion |
.500% .490% .480% |
| 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 Global Allocation Fund | $0 to $1
billion $1 billion to $3 billion $3 billion to $5 billion Over $5 billion |
.600% .550% .540% .530% |
| 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% |
B-5
| Fund | Assets | Advisory Fee (Annual Rate Based on Average Net Assets of each Fund) |
| JNL/JPMorgan U.S. Value Fund | $0 to $1
billion $1 billion to $3 billion $3 billion to $5 billion Over $5 billion |
.500% .450% .440% .430% |
| JNL/Lazard International Strategic Equity Fund | $0 to $1 billion $1 billion to $3 billion $3 billion to $5 billion Over $5 billion |
.700% .650% .640% .630% |
| 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/Lord Xxxxxx Short Duration Income Fund | $0 to $1
billion $1 billion to $3 billion $3 billion to $5 billion Over $5 billion |
.350% .300% .290% .280% |
| JNL/Mellon 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 Communication Services 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 Consumer Discretionary 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 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 DowSM Index 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 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 Energy 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 Financial 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 Healthcare 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 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 Information Technology 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 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 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 Nasdaq® 100 Index 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 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% |
| JNL/Mellon 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% |
B-7
| Fund | Assets | Advisory Fee (Annual Rate Based on Average Net Assets of each Fund) |
| JNL/Mellon 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 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 U.S. Stock Market Index Fund | $0 to $1
billion $1 billion to $5 billion Over $5 billion |
.175% .150% .140% |
| JNL/Mellon 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/Mellon World Index 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 PitchBook Listed Private Equity Index Fund | $0 to $1
billion $1 billion to $3 billion $3 billion to $5 billion Over $5 billion |
.200% .175% .165% .155% |
| JNL/Morningstar U.S. Sustainability Index Fund | $0 to $1
billion $1 billion to $3 billion $3 billion to $5 billion Over $5 billion |
.250% .200% .190% .180% |
| 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 Commodity Strategy Fund | $0 to $1 billion $1 billion to $3 billion $3 billion to $5 billion Over $5 billion |
.450% .400% .390% .380% |
| JNL/Xxxxxxxxx Xxxxxx Gold Plus Strategy Fund | $0 to $500
million $500 million to $1 billion $1 billion to $3 billion $3 billion to $5 billion Over $5 billion |
.750% .700% .650% .600% .590% |
B-8
| Fund | Assets | Advisory Fee (Annual Rate Based on Average Net Assets of each Fund) |
| 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/Xxxxxx Equity Income Fund | $0 to $1 billion $1 billion to $3 billion $3 billion to $5 billion Over $5 billion |
.450% .400% .390% .380% |
| 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 Investment Grade Credit Bond Fund | $0 to $1 billion $1 billion to $3 billion $3 billion to $5 billion Over $5 billion |
.350% .300% .290% .280% |
| 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 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/RAFI® Fundamental U.S. Small Cap Fund | $0 to $750
million $750 million to $3 billion $3 billion to $5 billion Over $5 billion |
.180% .170% .160% .150% |
| JNL/RAFI® Multi-Factor U.S. Equity Fund | $0 to $750
million $750 million to $3 billion $3 billion to $5 billion Over $5 billion |
.180% .170% .160% .150% |
| JNL/X. Xxxx Price Balanced Fund | $0 to $500
million $500 million to $1 billion $1 billion to $3 billion $3 billion to $5 billion Over $5 billion |
.550% .475% .450% .440% .430% |
| JNL/X. Xxxx Price Capital Appreciation Fund | $0 to $500 million $500 million to $1 billion $1 billion to $3 billion $3 billion to $5 billion Over $5 billion |
.575% .550% .530% .520% .510% |
B-9
| Fund | Assets | Advisory Fee (Annual Rate Based on Average Net Assets of each Fund) |
| 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% |
| JNL/X. Xxxx Price Mid-Cap Growth Fund | $0 to $1 billion $1 billion to $3 billion Over $3 billion |
.600% .580% .560% |
| 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 U.S. High Yield Fund | $0 to $500
million $500 million to $3 billion $3 billion to $5 billion Over $5 billion |
.500% .470% .460% .450% |
| JNL/X. Xxxx Price Value Fund | $0 to $150
million $150 million to $1 billion $1 billion to $3 billion $3 billion to $5 billion Over $5 billion |
.550% .480% .470% .450% .440% |
| 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 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/WCM China Quality Growth Fund | $0 to $1
billion $1 billion to $3 billion $3 billion to $5 billion Over $5 billion |
.850% .800% .790% .780% |
| JNL/WCM Focused International Equity Fund | $0 to $500 million $500 million to $3 billion $3 billion to $5 billion Over $5 billion |
.700% .650% .640% .630% |
| 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/Western Asset Global Multi-Sector Bond Fund | $0 to $500
million $500 million to $1 billion $1 billion to $2 billion $2 billion to $3 billion $3 billion to $5 billion Over $5 billion |
.525% .500% .475% .450% .425% .400% |
B-10
| Fund | Assets | Advisory Fee (Annual Rate Based on Average Net Assets of each Fund) |
| JNL/Xxxxxxx Xxxxx International Leaders Fund | $0
to $500 million $500 million to $2 billion $2 billion to $3 billion $3 billion to $5 billion Over $5 billion |
.525% .500% .480% .470% .460% |
| 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 Equity Income Fund | $0 to $3
billion $3 billion to $5 billion Over $5 billion |
.440% ..430% ..420% |
| JNL/WMC Global Real Estate Fund | $0 to $1
billion $1 billion to $3 billion $3 billion to $5 billion Over $5 billion |
.575% .550% .530% .520% |
| 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% |
B-11
