EX-99.23(h)(60)
AMENDMENT TO AMENDED AND RESTATED 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 3, 2007 ("Agreement"),
whereby the Administrator agreed to provide certain administrative services to
several separate series of shares (each a "Fund") of the JNL Series Trust.
WHEREAS, pursuant to the replacement of Xxxxxxx Xxxxx Asset Management,
L.P. with X. Xxxx Price Associates, Inc. as Investment Sub-Adviser for the
JNL/Xxxxxxx Xxxxx Short Duration Bond Fund, the parties wish to amend the
Agreement to remove the JNL/Xxxxxxx Sachs Short Duration Bond Fund, and to add
the JNL/X. Xxxx Price Short-Term Bond Fund.
WHEREAS, pursuant to the merger of the following Acquired Funds into the
Acquiring Funds, the parties wish to amend the Agreement to remove the five
Acquired Funds.
--------------------------------- --------------------------------------------
ACQUIRED FUNDS/SUB-ADVISER ACQUIRING FUNDS/SUB-ADVISER
--------------------------------- --------------------------------------------
--------------------------------- --------------------------------------------
JNL/PPM America Core Equity Fund/ JNL/Mellon Capital Management S&P 500 Index
PPM America, Inc. Fund/ Mellon Capital Management Corporation
--------------------------------- --------------------------------------------
--------------------------------- --------------------------------------------
JNL/S&P Retirement Income Fund/ JNL/S&P Managed Moderate Fund/
Standard & Poor's Investment Standard & Poor's Investment Advisory
Advisory Services, LLC Services, LLC
--------------------------------- --------------------------------------------
--------------------------------- --------------------------------------------
JNL/S&P Retirement 2015 Fund/ JNL/S&P Managed Moderate Growth Fund
Standard & Poor's Investment Standard & Poor's Investment Advisory
Advisory Services, LLC Services, LLC
--------------------------------- --------------------------------------------
--------------------------------- --------------------------------------------
JNL/S&P Retirement 2020 Fund/ JNL/S&P Managed Growth Fund/
Standard & Poor's Investment Standard & Poor's Investment Advisory
Advisory Services, LLC Services, LLC
--------------------------------- --------------------------------------------
--------------------------------- --------------------------------------------
JNL/S&P Retirement 2025 Fund/ JNL/S&P Managed Growth Fund/
Standard & Poor's Investment Standard & Poor's Investment Advisory
Advisory Services, LLC Services, LLC
--------------------------------- --------------------------------------------
--------------------------------- --------------------------------------------
WHEREAS, pursuant to the investment strategy change for the JNL/Credit
Suisse Global Natural Resources Fund and corresponding Fund name change to the
JNL/Credit Suisse Commodity Securities Fund, the parties wish to amend the
Agreement to revise said Fund's name.
WHEREAS, the parties wish to amend the Agreement in add the following two
new funds of the Trust: 1) the JNL/Mellon Capital Management Global Alpha Fund;
and 2) the JNL/Ivy Asset Strategy Fund.
WHEREAS, in order to effectuate the fund changes outlined above, Schedule A
and Schedule B to the Agreement must be amended.
NOW THEREFORE, in consideration of the mutual covenants contained herein
and for other good and valuable consideration, the Trust and the Administrator
agree as follows:
1. Schedule A to the Agreement is hereby deleted and replaced in its entirety
with Schedule A dated September 28, 2009, attached hereto.
2. Schedule B to the Agreement is hereby deleted and replaced in its entirety
with Schedule B dated September 28, 2009, 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 28th day of September, 2009.
JNL SERIES TRUST XXXXXXX NATIONAL ASSET MANAGEMENT, LLC
By: /s/ Xxxxx X. Xxxx By: /s/ Xxxx X. Xxxxx
Name: Xxxxx X. Xxxx Name: Xxxx X. Xxxxx
Title: Vice President, Counsel, Title: President
and Secretary
SCHEDULE A
DATED SEPTEMBER 28, 2009
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FUNDS
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JNL/AIM International Growth Fund
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JNL/AIM Large Cap Growth Fund
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JNL/AIM Global Real Estate Fund
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JNL/AIM Small Cap Growth Fund
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JNL/Capital Guardian International Small Cap Fund
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JNL/Capital Guardian U.S. Growth Equity Fund
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JNL/Capital Guardian Global Diversified Research Fund
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JNL/Capital Guardian Global Balanced Fund
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JNL/Credit Suisse Commodity Securities 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/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 Emerging Markets Debt Fund
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JNL/Xxxxxxx Sachs Mid Cap Value Fund
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JNL Institutional Alt 20 Fund
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JNL Institutional Alt 35 Fund
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JNL Institutional Alt 50 Fund
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JNL Institutional Alt 65 Fund
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JNL/Ivy Asset Strategy Fund
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JNL/JPMorgan International Value 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/Lazard Mid Cap Equity Fund
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JNL/M&G Global Basics Fund
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JNL/M&G Global Leaders Fund
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JNL/Mellon Capital Management Bond Index Fund
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JNL/Mellon Capital Management Global Alpha Fund
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JNL/Mellon Capital Management European 30 Fund
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JNL/Mellon Capital Management Index 5 Fund
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JNL/Mellon Capital Management International Index Fund
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JNL/Mellon Capital Management Pacific Rim 30 Fund
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JNL/Mellon Capital Management Small Cap Index Fund
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JNL/Mellon Capital Management 10 x 10 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/Xxxxxxxxxxx Global Growth Fund
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JNL/XXX Asia ex-Japan Fund
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JNL/XXX China-India 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 Mid Cap Value Fund
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JNL/PPM America Small Cap Value Fund
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JNL/PPM America Value Equity Fund
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JNL/Red Rocks Listed Private Equity Fund
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JNL/Select Balanced 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 Short-Term Bond 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 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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JNL/S&P Competitive Advantage Fund
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JNL/S&P Dividend Income & Growth Fund
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JNL/S&P Intrinsic Value Fund
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JNL/S&P Total Yield Fund
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JNL/S&P 4 Fund
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SCHEDULE B
DATED SEPTEMBER 28, 2009
Class A & B Shares
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FUNDS ASSETS FEE
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JNL/AIM International Growth Fund All Assets .15%
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JNL/AIM Large Cap Growth Fund All Assets .10%
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JNL/AIM Global Real Estate Fund All Assets .15%
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JNL/AIM Small Cap Growth Fund All Assets .10%
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JNL/Capital Guardian International Small Cap Fund All Assets .15%
----------------------------------------------------------------------------------- -------------------- ------------------
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JNL/Capital Guardian U.S. Growth Equity Fund All Assets .10%
----------------------------------------------------------------------------------- -------------------- ------------------
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JNL/Capital Guardian Global Diversified Research Fund All Assets .15%
----------------------------------------------------------------------------------- -------------------- ------------------
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JNL/Capital Guardian Global Balanced Fund All Assets .15%
----------------------------------------------------------------------------------- -------------------- ------------------
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JNL/Credit Suisse Commodity Securities Fund All Assets .15%
----------------------------------------------------------------------------------- -------------------- ------------------
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JNL/Credit Suisse Long/Short Fund All Assets .15%
----------------------------------------------------------------------------------- -------------------- ------------------
----------------------------------------------------------------------------------- -------------------- ------------------
JNL/Eagle Core Equity Fund All Assets .10%
----------------------------------------------------------------------------------- -------------------- ------------------
----------------------------------------------------------------------------------- -------------------- ------------------
JNL/Eagle SmallCap 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%
----------------------------------------------------------------------------------- -------------------- ------------------
----------------------------------------------------------------------------------- -------------------- ------------------
JNL/Xxxxxxx Sachs Core Plus Bond Fund All Assets .10%
----------------------------------------------------------------------------------- -------------------- ------------------
----------------------------------------------------------------------------------- -------------------- ------------------
JNL/Xxxxxxx Xxxxx Emerging Markets Debt Fund All Assets .15%
----------------------------------------------------------------------------------- -------------------- ------------------
----------------------------------------------------------------------------------- -------------------- ------------------
JNL/Xxxxxxx Sachs Mid Cap Value Fund All Assets .10%
----------------------------------------------------------------------------------- -------------------- ------------------
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JNL Institutional Alt 20 Fund All Assets .05%
----------------------------------------------------------------------------------- -------------------- ------------------
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JNL Institutional Alt 35 Fund All Assets .05%
----------------------------------------------------------------------------------- -------------------- ------------------
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JNL Institutional Alt 50 Fund All Assets .05%
----------------------------------------------------------------------------------- -------------------- ------------------
----------------------------------------------------------------------------------- -------------------- ------------------
JNL Institutional Alt 65 Fund All Assets .05%
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----------------------------------------------------------------------------------- -------------------- ------------------
JNL/Ivy Asset Strategy Fund All Assets .15%
----------------------------------------------------------------------------------- -------------------- ------------------
----------------------------------------------------------------------------------- -------------------- ------------------
JNL/JPMorgan International Value Fund All Assets .15%
----------------------------------------------------------------------------------- -------------------- ------------------
----------------------------------------------------------------------------------- -------------------- ------------------
JNL/JPMorgan U.S. Government & Quality Bond Fund All Assets .10%
----------------------------------------------------------------------------------- -------------------- ------------------
----------------------------------------------------------------------------------- -------------------- ------------------
JNL/JPMorgan MidCap Growth Fund All Assets .10%
----------------------------------------------------------------------------------- -------------------- ------------------
----------------------------------------------------------------------------------- -------------------- ------------------
JNL/Lazard Emerging Markets Fund All Assets .15%
----------------------------------------------------------------------------------- -------------------- ------------------
----------------------------------------------------------------------------------- -------------------- ------------------
JNL/Lazard Mid Cap Equity Fund All Assets .10%
----------------------------------------------------------------------------------- -------------------- ------------------
----------------------------------------------------------------------------------- -------------------- ------------------
JNL/M&G Global Basics Fund All Assets .15%
----------------------------------------------------------------------------------- -------------------- ------------------
----------------------------------------------------------------------------------- -------------------- ------------------
JNL/M&G Global Leaders Fund All Assets .15%
----------------------------------------------------------------------------------- -------------------- ------------------
----------------------------------------------------------------------------------- -------------------- ------------------
JNL/Mellon Capital Management Bond Index Fund All Assets .10%
----------------------------------------------------------------------------------- -------------------- ------------------
----------------------------------------------------------------------------------- -------------------- ------------------
JNL/Mellon Capital Management Global Alpha Fund All Assets .15%
----------------------------------------------------------------------------------- -------------------- ------------------
----------------------------------------------------------------------------------- -------------------- ------------------
JNL/Mellon Capital Management European 30 Fund All Assets .20%
----------------------------------------------------------------------------------- -------------------- ------------------
----------------------------------------------------------------------------------- -------------------- ------------------
JNL/Mellon Capital Management Index 5 Fund All Assets .05%
----------------------------------------------------------------------------------- -------------------- ------------------
----------------------------------------------------------------------------------- -------------------- ------------------
JNL/Mellon Capital Management International Index Fund All Assets .15%
----------------------------------------------------------------------------------- -------------------- ------------------
----------------------------------------------------------------------------------- -------------------- ------------------
JNL/Mellon Capital Management Pacific Rim 30 Fund All Assets .20%
----------------------------------------------------------------------------------- -------------------- ------------------
----------------------------------------------------------------------------------- -------------------- ------------------
JNL/Mellon Capital Management Small Cap Index Fund All Assets .10%
----------------------------------------------------------------------------------- -------------------- ------------------
----------------------------------------------------------------------------------- -------------------- ------------------
JNL/Mellon Capital Management 10 x 10 Fund All Assets .05%
----------------------------------------------------------------------------------- -------------------- ------------------
----------------------------------------------------------------------------------- -------------------- ------------------
JNL/Mellon Capital Management S&P 500 Index Fund All Assets .10%
----------------------------------------------------------------------------------- -------------------- ------------------
----------------------------------------------------------------------------------- -------------------- ------------------
JNL/Mellon Capital Management S&P 400 MidCap Index Fund All Assets .10%
----------------------------------------------------------------------------------- -------------------- ------------------
----------------------------------------------------------------------------------- -------------------- ------------------
JNL/Xxxxxxxxxxx Global Growth Fund All Assets .15%
----------------------------------------------------------------------------------- -------------------- ------------------
----------------------------------------------------------------------------------- -------------------- ------------------
JNL/XXX Asia ex-Japan Fund All Assets .15%
----------------------------------------------------------------------------------- -------------------- ------------------
----------------------------------------------------------------------------------- -------------------- ------------------
JNL/XXX China-India Fund All Assets .20%
----------------------------------------------------------------------------------- -------------------- ------------------
----------------------------------------------------------------------------------- -------------------- ------------------
JNL/PIMCO Real Return Fund All Assets .10%
----------------------------------------------------------------------------------- -------------------- ------------------
----------------------------------------------------------------------------------- -------------------- ------------------
JNL/PIMCO Total Return Bond Fund All Assets .10%
----------------------------------------------------------------------------------- -------------------- ------------------
----------------------------------------------------------------------------------- -------------------- ------------------
JNL/PPM America High Yield Bond Fund All Assets .10%
----------------------------------------------------------------------------------- -------------------- ------------------
----------------------------------------------------------------------------------- -------------------- ------------------
JNL/PPM America Mid Cap Value Fund All Assets .10%
----------------------------------------------------------------------------------- -------------------- ------------------
----------------------------------------------------------------------------------- -------------------- ------------------
JNL/PPM America Small Cap Value Fund All Assets .10%
----------------------------------------------------------------------------------- -------------------- ------------------
----------------------------------------------------------------------------------- -------------------- ------------------
JNL/PPM America Value Equity Fund All Assets .10%
----------------------------------------------------------------------------------- -------------------- ------------------
----------------------------------------------------------------------------------- -------------------- ------------------
JNL/Red Rocks Listed Private Equity Fund All Assets .15%
----------------------------------------------------------------------------------- -------------------- ------------------
----------------------------------------------------------------------------------- -------------------- ------------------
JNL/Select Balanced Fund All Assets .10%
----------------------------------------------------------------------------------- -------------------- ------------------
----------------------------------------------------------------------------------- -------------------- ------------------
JNL/Select Money Market Fund All Assets .10%
----------------------------------------------------------------------------------- -------------------- ------------------
----------------------------------------------------------------------------------- -------------------- ------------------
JNL/Select Value Fund All Assets .10%
----------------------------------------------------------------------------------- -------------------- ------------------
----------------------------------------------------------------------------------- -------------------- ------------------
JNL/X. Xxxx Price Established Growth Fund All Assets .10%
----------------------------------------------------------------------------------- -------------------- ------------------
----------------------------------------------------------------------------------- -------------------- ------------------
JNL/X. Xxxx Price Mid-Cap Growth Fund All Assets .10%
----------------------------------------------------------------------------------- -------------------- ------------------
----------------------------------------------------------------------------------- -------------------- ------------------
JNL/X. Xxxx Price Short-Term Bond Fund All Assets .10%
----------------------------------------------------------------------------------- -------------------- ------------------
----------------------------------------------------------------------------------- -------------------- ------------------
JNL/X. Xxxx Price Value Fund All Assets .10%
----------------------------------------------------------------------------------- -------------------- ------------------
----------------------------------------------------------------------------------- -------------------- ------------------
JNL/S&P Managed Growth Fund All Assets .05%
----------------------------------------------------------------------------------- -------------------- ------------------
----------------------------------------------------------------------------------- -------------------- ------------------
JNL/S&P Managed Conservative Fund All Assets .05%
----------------------------------------------------------------------------------- -------------------- ------------------
----------------------------------------------------------------------------------- -------------------- ------------------
JNL/S&P Managed Moderate Growth Fund All Assets .05%
----------------------------------------------------------------------------------- -------------------- ------------------
----------------------------------------------------------------------------------- -------------------- ------------------
JNL/S&P Managed Moderate Fund All Assets .05%
----------------------------------------------------------------------------------- -------------------- ------------------
----------------------------------------------------------------------------------- -------------------- ------------------
JNL/S&P Managed Aggressive Growth Fund All Assets .05%
----------------------------------------------------------------------------------- -------------------- ------------------
----------------------------------------------------------------------------------- -------------------- ------------------
JNL/S&P Disciplined Moderate Fund All Assets .05%
----------------------------------------------------------------------------------- -------------------- ------------------
----------------------------------------------------------------------------------- -------------------- ------------------
JNL/S&P Disciplined Moderate Growth Fund All Assets .05%
----------------------------------------------------------------------------------- -------------------- ------------------
----------------------------------------------------------------------------------- -------------------- ------------------
JNL/S&P Disciplined Growth Fund All Assets .05%
----------------------------------------------------------------------------------- -------------------- ------------------
----------------------------------------------------------------------------------- -------------------- ------------------
JNL/S&P Competitive Advantage Fund All Assets .10%
----------------------------------------------------------------------------------- -------------------- ------------------
----------------------------------------------------------------------------------- -------------------- ------------------
JNL/S&P Dividend Income & Growth Fund All Assets .10%
----------------------------------------------------------------------------------- -------------------- ------------------
----------------------------------------------------------------------------------- -------------------- ------------------
JNL/S&P Intrinsic Value Fund All Assets .10%
----------------------------------------------------------------------------------- -------------------- ------------------
----------------------------------------------------------------------------------- -------------------- ------------------
JNL/S&P Total Yield Fund All Assets .10%
----------------------------------------------------------------------------------- -------------------- ------------------
----------------------------------------------------------------------------------- -------------------- ------------------
JNL/S&P S&P 4 Fund All Assets .05%
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