EX-99.23(d)(143)
AMENDMENT
TO
INVESTMENT SUB-ADVISORY AGREEMENT
BETWEEN
XXXXXXX NATIONAL ASSET MANAGEMENT, LLC
AND
LAZARD ASSET MANAGEMENT LLC
This AMENDMENT is made by and between XXXXXXX NATIONAL ASSET MANAGEMENT,
LLC, a Michigan limited liability company and registered investment adviser
("Adviser"), and LAZARD ASSET MANAGEMENT LLC, a Delaware limited liability
company and registered investment adviser ("Sub-Adviser").
WHEREAS, the Adviser and Sub-Adviser entered into an Investment
Sub-Advisory Agreement dated as of January 31, 2001 ("Agreement"), whereby
Adviser appointed Sub-Adviser to provide certain sub-investment advisory
services to the investment portfolios of the JNL Series Trust; and
WHEREAS, the Adviser agreed to pay the Sub-Adviser for the services
provided and the expenses assumed by the Sub-Adviser a sub-advisory fee as set
forth on Schedule B to the Agreement, and the Sub-Adviser agreed to accept such
sub-advisory fee as full compensation under the Agreement for such services and
expenses.
WHEREAS, the parties wish to amend the Agreement in order to reflect name
changes for the following two Funds: 1) Change JNL/Lazard Mid Cap Value Fund to
JNL/Lazard Mid Cap Equity Fund; and 2) Change JNL/Lazard Small Cap Value Fund to
JNL/Lazard Small Cap Equity Fund.
WHEREAS, the parties wish to amend the Agreement in order to reflect
sub-advisory fee changes for the JNL/Lazard Emerging Markets Fund and for the
JNL/Lazard Mid Cap Equity Fund.
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 March 31, 2008, attached hereto.
2. Schedule B to the Agreement is hereby deleted and replaced in its
entirety with Schedule B dated March 31, 2008, attached hereto.
IN WITNESS WHEREOF, the Adviser and the Sub-Adviser have caused this
Amendment to be executed as of this 31st day of March, 2008.
XXXXXXX NATIONAL ASSET LAZARD ASSET
MANAGEMENT, LLC MANAGEMENT LLC
By:_____________________________ By: _____________________________
Name: XXXX X. XXXXX Name: _____________________________
Title: PRESIDENT Title: _____________________________
SCHEDULE A
MARCH 31, 2008
(Funds)
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JNL/Lazard Emerging Markets Fund
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JNL/Lazard Mid Cap Equity Fund
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JNL/Lazard Small Cap Equity Fund
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SCHEDULE B
MARCH 31, 2008
(Compensation)
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JNL/LAZARD EMERGING MARKETS FUND
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AVERAGE DAILY NET ASSETS ANNUAL RATE
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$0 to $50 Million 0.75%
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$50 to $200 Million 0.65%
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Over $200 Million 0.60%
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JNL/LAZARD MID CAP EQUITY FUND
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AVERAGE DAILY NET ASSETS ANNUAL RATE
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$0 to $250 Million 0.45%
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Over $250 Million 0.40%
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JNL/LAZARD SMALL CAP EQUITY FUND
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AVERAGE DAILY NET ASSETS ANNUAL RATE
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$0 to $500 Million 0.50%
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Over $500 Million 0.45%
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