EX-99.23d(60) AMENDMENT TO INVESTMENT ADVISORY AND MANAGEMENT AGREEMENT BETWEEN JNL SERIES TRUST AND JACKSON NATIONAL ASSET MANAGEMENT, LLC This Amendment is made as of ________________, 2003, between JNL Series Trust, a Massachusetts business trust...
EX-99.23d(60)
AMENDMENT
TO
INVESTMENT ADVISORY AND MANAGEMENT AGREEMENT
BETWEEN
JNL SERIES TRUST
AND
XXXXXXX NATIONAL ASSET MANAGEMENT, LLC
This Amendment is made as of ________________, 2003, 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 are parties to an Investment Advisory
and Management Agreement dated January 31, 2001 ("Advisory Agreement").
WHEREAS, the parties wish to amend the Advisory Agreement; and
WHEREAS, in order to reflect a change in sub-adviser, the names of certain
Funds have been changed; and
WHEREAS, in connection with the change in sub-adviser, the advisory fees
for the JNL/Curian Enhanced S&P 500 Index Fund, JNL/Curian S&P 500 Index Stock
Fund, JNL/Curian S&P 400 Mid Cap Index Fund, JNL/Curian Small Cap Index Fund and
JNL/PPM America Money Market Fund will be reduced; and
NOW THEREFORE, in consideration of the mutual covenants contained herein
and for other good and valuable consideration, the Fund and the Adviser agree as
follows:
1. Schedule A to the Agreement is hereby deleted and replaced in its
entirety with Schedule A dated ______________, 2003, attached hereto.
2. Schedule B to the Agreement is hereby deleted and replaced in its
entirety with Schedule B dated ______________, 2003, attached hereto.
3. This Amendment may be executed in two or more counterparts which
together shall constitute one document.
XXXXXXX NATIONAL ASSET
JNL SERIES TRUST MANAGEMENT, LLC
By: _______________________________ By: ____________________________
Name: Xxxxxx X. Xxxxxx Name: Xxxx X. Xxxxx
Title: President and Chief Executive Officer Title: Chief Financial Officer
SCHEDULE A
DATED _________________, 2003
JNL/AIM Large Cap Growth Fund
JNL/AIM Premier Equity II Fund
JNL/AIM Small Cap Growth Fund
JNL/Xxxxx Growth Fund
JNL/Alliance Capital Growth Fund
JNL/Curian Enhanced S&P 500 Stock Index Fund
JNL/Curian S&P 500 Index Fund
JNL/Curian S&P 400 Mid Cap Index Fund
JNL/Curian Small Cap Index Fund
JNL/Eagle Core Equity Fund
JNL/Eagle SmallCap Equity Fund
JNL/JPMorgan International Value Fund
JNL/Janus Aggressive Growth Fund
JNL/Janus Balanced Fund
JNL/Janus Capital Growth Fund
JNL/Janus Global Equities Fund
JNL/Janus Growth & Income Fund
JNL/Lazard Small Cap Value Fund
JNL/Lazard Mid Cap Value Fund
JNL/Mellon Capital Management International Index Fund
JNL/Mellon Capital Management Bond Index Fund
JNL/Xxxxxxxxxxx Global Growth Fund
JNL/Xxxxxxxxxxx Growth Fund
JNL/PIMCO Total Return Bond Fund
JNL/PPM America Balanced Fund
JNL/PPM America High Yield Bond Fund
JNL/PPM America Money Market Fund
JNL/PPM America Value Fund
JNL/Xxxxxx Equity Fund
JNL/Xxxxxx International Equity Xxxx
XXX/Xxxxxx Xxxxxx Xxxxxx Xxxx
XXX/Xxxxxx Value Equity Fund
JNL/S&P Conservative Growth Fund I
JNL/S&P Moderate Growth Fund I
JNL/S&P Aggressive Growth Fund I
JNL/S&P Very Aggressive Growth Fund I
JNL/S&P Equity Growth Fund I
JNL/S&P Equity Aggressive Growth Fund I
JNL/S&P Conservative Growth Fund II
JNL/S&P Moderate Growth Fund II
JNL/S&P Aggressive Growth Fund II
JNL/S&P Very Aggressive Growth Fund II
JNL/S&P Equity Growth Fund II
JNL/S&P Equity Aggressive Growth Fund II
JNL/S&P Aggressive Growth Fund
JNL/S&P Conservative Growth Fund
JNL/S&P Moderate Growth Fund
JNL/S&P Core Index 100 Fund
JNL/S&P Core Index 75 Fund
JNL/S&P Core Index 50 Fund
JNL/Salomon Brothers Balanced Fund
JNL/Salomon Brothers Global Bond Fund
JNL/Salomon Brothers High Yield Bond Fund
JNL/Salomon Brothers U.S. Government & Quality Bond Fund
JNL/X. Xxxx Price Established Growth Fund
JNL/X. Xxxx Price Mid-Cap Growth Fund
JNL/X. Xxxx Price Value Fund
SCHEDULE B
DATED _________________, 2003
Advisory Fee
(Annual Rate Based
on Average Net Assets
Fund Assets of each Fund)
JNL/AIM Large Cap Growth Fund $0 to $300 million .80%
Over $300 million .75%
JNL/AIM Premier Equity II Fund $0 to $300 million .75%
Over $300 million .70%
JNL/AIM Small Cap Growth Fund $0 to $300 million .85%
Over $300 million .80%
JNL/Xxxxx Growth Fund $0 to $300 million .775%
$300 million to $500 million .75%
Over $500 million .70%
JNL/Alliance Capital Growth Fund $0 to $250 million .575%
Over $250 million .50%
JNL/Curian Enhanced S&P 500 Stock Index Fund $0 to $25 million .57%
Over $25 million .52%
JNL/Curian S&P 500 Index Fund $0 to $500 million .29%
Over $500 million .24%
JNL/Curian S&P 400 Mid Cap Index Fund $0 to $500 million .29%
Over $500 million .24%
JNL/Curian Small Cap Index Fund $0 to $500 million .29%
Over $500 million .24%
JNL/Eagle Core Equity Fund $0 to $50 million .70%
$50 million to $300 million .65%
Over $300 million .55%
JNL/Eagle SmallCap Equity Fund $0 to $150 million .75%
$150 million to $500 million .70%
Over $500 million .65%
JNL/JPMorgan International Value Fund $0 to $50 million .775%
$50 million to $200 million .75%
$200 million to $350 million .70%
Over $350 million .65%
JNL/Janus Aggressive Growth Fund $0 to $150 million .75%
$150 million to $250 million .70%
$250 million to $750 million .65%
$750 million to $1.5 billion .60%
Over $1.5 billion .55%
JNL/Janus Balanced Fund $0 to $250 million .75%
$250 million to $750 million .70%
$750 million to $1.5 billion .65%
Over $1.5 billion .60%
JNL/Janus Capital Growth Fund $0 to $150 million .75%
$150 million to $250 million .70%
$250 million to $750 million .65%
$750 million to $1.5 billion .60%
Over $1.5 billion .55%
JNL/Janus Global Equities Fund $0 to $150 million .80%
$150 million to $300 million .75%
Over $300 million .70%
JNL/Janus Growth & Income Fund $0 to $250 million .75%
$250 million to $750 million .70%
$750 million to $1.5 billion .65%
Over $1.5 billion .60%
JNL/Lazard Mid Cap Value Fund $0 to $150 million .775%
$150 million to $300 million .725%
Over $300 million .70%
JNL/Lazard Small Cap Value Fund $0 to $50 million .85%
$50 million to $150 million .80%
$150 million to $300 million .775%
Over $300 million .725%
JNL/Mellon Capital Management International $0 to $500 million .30%
Index Fund Over $500 million .25%
JNL/Mellon Capital Management Bond Index Fund $0 to $500 million .30%
Over $500 million .25%
JNL/Xxxxxxxxxxx Global Growth Fund $0 to $300 million .70%
Over $300 million .60%
JNL/Xxxxxxxxxxx Growth Fund $0 to $300 million .70%
Over $300 million .60%
JNL/PIMCO Total Return Bond Fund All assets .50%
JNL/PPM America Balanced Fund $0 to $50 million .55%
$50 million to $150 million .50%
$150 million to $300 million .475%
$300 million to $500 million .45%
Over $500 million .425%
JNL/PPM America High Yield Bond Fund $0 to $50 million .55%
$50 million to $150 million .50%
$150 million to $300 million .475%
$300 million to $500 million .45%
Over $500 million .425%
JNL/PPM America Money Market Fund $0 to $500 million .30%
Over $500 million .28%
JNL/PPM America Value Fund $0 to $300 million .55%
$300 million to $500 million .50%
Over $500 million .45%
JNL/Xxxxxx Equity Fund $0 to $150 million .70%
$150 million to $300 million .65%
Over $300 million .60%
JNL/Xxxxxx International Equity Fund $0 to $50 million .90%
$50 million to $150 million .85%
$150 million to $300 million .80%
$300 million to $500 million .75%
Over $500 million .70%
JNL/Xxxxxx Xxxxxx Growth Fund $0 to $300 million .75%
Over $300 million .70%
JNL/Xxxxxx Value Equity Fund $0 to $150 million .70%
$150 million to $300 million .65%
Over $300 million .60%
JNL/S&P Conservative Growth Fund I $0 to $500 million .15%
Over $500 million .10%
JNL/S&P Moderate Growth Fund I $0 to $500 million .15%
Over $500 million .10%
JNL/S&P Aggressive Growth Fund I $0 to $500 million .15%
Over $500 million .10%
JNL/S&P Very Aggressive Growth Fund I $0 to $500 million .15%
Over $500 million .10%
JNL/S&P Equity Growth Fund I $0 to $500 million .15%
Over $500 million .10%
JNL/S&P Equity Aggressive Growth Fund I $0 to $500 million .15%
Over $500 million .10%
JNL/S&P Conservative Growth Fund II $0 to $500 million .15%
Over $500 million .10%
JNL/S&P Moderate Growth Fund II $0 to $500 million .15%
Over $500 million .10%
JNL/S&P Aggressive Growth Fund II $0 to $500 million .15%
Over $500 million .10%
JNL/S&P Very Aggressive Growth Fund II $0 to $500 million .15%
Over $500 million .10%
JNL/S&P Equity Growth Fund II $0 to $500 million .15%
Over $500 million .10%
JNL/S&P Equity Aggressive Growth Fund II $0 to $500 million .15%
Over $500 million .10%
JNL/S&P Conservative Growth Fund $0 to $500 million .15%
Over $500 million .10%
JNL/S&P Moderate Growth Fund $0 to $500 million .15%
Over $500 million .10%
JNL/S&P Aggressive Growth Fund $0 to $500 million .15%
Over $500 million
.10%
JNL/S&P Core Index 100 Fund $0 to $500 million .15%
Over $500 million .10%
JNL/S&P Core Index 75 Fund $0 to $500 million .15%
Over $500 million .10%
JNL/S&P Core Index 50 Fund $0 to $500 million .15%
Over $500 million .10%
JNL/Salomon Brothers Balanced Fund $0 to $50 million .60%
$50 million to $100 million .55%
Over $100 million .50%
JNL/Salomon Brothers Global Bond Fund $0 to $150 million .65%
$150 million to $500 million .60%
Over $500 million .55%
JNL/Salomon Brothers High Yield Bond Fund $0 to $50 million .60%
$50 million to $100million .55%
Over $100 million .50%
JNL/Salomon Brothers U.S. Government & $0 to $150 million .50%
Quality Bond Fund $150 million to $300 million .45%
$300 million to $500 million .40%
Over $500 million .35%
JNL/X. Xxxx Price Established Growth Fund $0 to $150 million .65%
Over $150 million .60%
JNL/X. Xxxx Price Mid-Cap Growth Fund $0 to $150 million .75%
Over $150 million .70%
JNL/X. Xxxx Price Value Fund $0 to $300 million .70%
Over $300 million .65%
