EX-99.23(h)(7)
AMENDMENT
TO
ADMINISTRATION AGREEMENT
BETWEEN
JNL INVESTORS 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 INVESTORS
SERIES TRUST, a Massachusetts business trust ("Trust").
WHEREAS, the Administrator and the Trust entered into an Administration
Agreement dated as of December 15, 2006 ("Agreement"), whereby the Administrator
agreed to provide certain administrative services to the investment portfolios
("Funds") of the JNL Investors Series Trust; and
WHEREAS, pursuant to the Agreement, each Fund and the Administrator agreed
to certain expenses assumed by each Fund and the Administrator as payment for
certain services and expenses; and
WHEREAS, the parties wish to amend the Agreement in order to reflect the
addition of thirteen new retail funds to the Trust: 1) Xxxxxxx Perspective Asia
ex-Japan Fund; 2) Xxxxxxx Perspective Asian Bond Fund; 3) Xxxxxxx Perspective
Asian Infrastructure Fund; 4) Xxxxxxx Perspective Asian Real Estate Fund; 5)
Xxxxxxx Perspective China-India Fund; 6) Xxxxxxx Perspective Core Equity Fund;
7) Xxxxxxx Perspective Emerging Asia Fund; 8) Xxxxxxx Perspective Japan Fund; 9)
Xxxxxxx Perspective Large Cap Value Fund; 10) Xxxxxxx Perspective Mid Cap Value
Fund; 11) Xxxxxxx Perspective S&P 4 Fund; 12) Xxxxxxx Perspective Small Cap
Value Fund; and 13) Xxxxxxx Perspective VIP 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 December 27, 2007, attached hereto.
2. Schedule B to the Agreement is hereby deleted and replaced in its
entirety with Schedule B dated December 27, 2007, attached hereto.
IN WITNESS WHEREOF, the Administrator and the Trust have caused this
Amendment to be executed as of this 27th day of December, 2007.
XXXXXXX NATIONAL ASSET JNL INVESTORS SERIES TRUST
MANAGEMENT, LLC
By: _______________________________ By: _______________________________
Name: Xxxx X. Xxxxx Name: Xxxxx X. Xxxx
Title: President Title: Vice President, Counsel
& Secretary
SCHEDULE A
DATED DECEMBER 27, 2007
------------------------------------------------------------ ---------------------------------------------------------
FUND CLASS(ES)
------------------------------------------------------------ ---------------------------------------------------------
Xxxxxxx Perspective Asia ex-Japan Fund Class A, Class C
------------------------------------------------------------ ---------------------------------------------------------
Xxxxxxx Perspective Asian Bond Fund Class A, Class C
------------------------------------------------------------ ---------------------------------------------------------
Xxxxxxx Perspective Asian Infrastructure Fund Class A, Class C
------------------------------------------------------------ ---------------------------------------------------------
Xxxxxxx Perspective Asian Real Estate Fund Class A, Class C
------------------------------------------------------------ ---------------------------------------------------------
Xxxxxxx Perspective China-India Fund Class A, Class C
------------------------------------------------------------ ---------------------------------------------------------
Xxxxxxx Perspective Core Equity Fund Class A, Class C
------------------------------------------------------------ ---------------------------------------------------------
Xxxxxxx Perspective Emerging Asia Fund Class A, Class C
------------------------------------------------------------ ---------------------------------------------------------
Xxxxxxx Perspective 5 Fund Class A, Class C
------------------------------------------------------------ ---------------------------------------------------------
Xxxxxxx Perspective Index 5 Fund Class A, Class C
------------------------------------------------------------ ---------------------------------------------------------
Xxxxxxx Perspective Japan Fund Class A, Class C
------------------------------------------------------------ ---------------------------------------------------------
Xxxxxxx Perspective Large Cap Value Fund Class A, Class C
------------------------------------------------------------ ---------------------------------------------------------
Xxxxxxx Perspective Mid Cap Value Fund Class A, Class C
------------------------------------------------------------ ---------------------------------------------------------
Xxxxxxx Perspective Money Market Fund Class A
------------------------------------------------------------ ---------------------------------------------------------
Xxxxxxx Perspective Optimized 5 Fund Class A, Class C
------------------------------------------------------------ ---------------------------------------------------------
Xxxxxxx Perspective S&P 4 Fund Class A, Class C
------------------------------------------------------------ ---------------------------------------------------------
Xxxxxxx Perspective Small Cap Value Fund Class A, Class C
------------------------------------------------------------ ---------------------------------------------------------
Xxxxxxx Perspective 10 x 10 Fund Class A, Class C
------------------------------------------------------------ ---------------------------------------------------------
Xxxxxxx Perspective VIP Fund Class A, Class C
------------------------------------------------------------ ---------------------------------------------------------
JNL Money Market Fund Institutional Class
------------------------------------------------------------ ---------------------------------------------------------
SCHEDULE B
DATED DECEMBER 27, 2007
--------------------------------------------------------------------------------- ------------------------------------
FUNDS FEE
--------------------------------------------------------------------------------- ------------------------------------
Xxxxxxx Perspective Asia ex-Japan Fund (Class A) 0.10%
--------------------------------------------------------------------------------- ------------------------------------
Xxxxxxx Perspective Asia ex-Japan Fund (Class C) 0.10%
--------------------------------------------------------------------------------- ------------------------------------
Xxxxxxx Perspective Asian Bond Fund (Class A) 0.10%
--------------------------------------------------------------------------------- ------------------------------------
Xxxxxxx Perspective Asian Bond Fund (Class C) 0.10%
--------------------------------------------------------------------------------- ------------------------------------
Xxxxxxx Perspective Asian Infrastructure Fund (Class A) 0.10%
--------------------------------------------------------------------------------- ------------------------------------
Xxxxxxx Perspective Asian Infrastructure Fund (Class C) 0.10%
--------------------------------------------------------------------------------- ------------------------------------
Xxxxxxx Perspective Asian Real Estate Fund (Class A) 0.10%
--------------------------------------------------------------------------------- ------------------------------------
Xxxxxxx Perspective Asian Real Estate Fund (Class C) 0.10%
--------------------------------------------------------------------------------- ------------------------------------
Xxxxxxx Perspective China-India Fund (Class A) 0.10%
--------------------------------------------------------------------------------- ------------------------------------
Xxxxxxx Perspective China-India Fund (Class C) 0.10%
--------------------------------------------------------------------------------- ------------------------------------
Xxxxxxx Perspective Core Equity Fund (Class A) 0.10%
--------------------------------------------------------------------------------- ------------------------------------
Xxxxxxx Perspective Core Equity Fund (Class C) 0.10%
--------------------------------------------------------------------------------- ------------------------------------
Xxxxxxx Perspective Emerging Asia Fund (Class A) 0.10%
--------------------------------------------------------------------------------- ------------------------------------
Xxxxxxx Perspective Emerging Asia Fund (Class C) 0.10%
--------------------------------------------------------------------------------- ------------------------------------
Xxxxxxx Perspective 5 Fund (Class A) 0.10%
--------------------------------------------------------------------------------- ------------------------------------
Xxxxxxx Perspective 5 Fund (Class C) 0.10%
--------------------------------------------------------------------------------- ------------------------------------
Xxxxxxx Perspective Index 5 Fund (Class A) 0.10%
--------------------------------------------------------------------------------- ------------------------------------
Xxxxxxx Perspective Index 5 Fund (Class C) 0.10%
--------------------------------------------------------------------------------- ------------------------------------
Xxxxxxx Perspective Japan Fund (Class A) 0.10%
--------------------------------------------------------------------------------- ------------------------------------
Xxxxxxx Perspective Japan Fund (Class C) 0.10%
--------------------------------------------------------------------------------- ------------------------------------
Xxxxxxx Perspective Large Cap Value Fund (Class A) 0.10%
--------------------------------------------------------------------------------- ------------------------------------
Xxxxxxx Perspective Large Cap Value Fund (Class C) 0.10%
--------------------------------------------------------------------------------- ------------------------------------
Xxxxxxx Perspective Mid Cap Value Fund (Class A) 0.10%
--------------------------------------------------------------------------------- ------------------------------------
Xxxxxxx Perspective Mid Cap Value Fund (Class C) 0.10%
--------------------------------------------------------------------------------- ------------------------------------
Xxxxxxx Perspective Money Market Fund (Class A) 0.10%
--------------------------------------------------------------------------------- ------------------------------------
Xxxxxxx Perspective Optimized 5 Fund (Class A) 0.10%
--------------------------------------------------------------------------------- ------------------------------------
Xxxxxxx Perspective Optimized 5 Fund (Class C) 0.10%
--------------------------------------------------------------------------------- ------------------------------------
Xxxxxxx Perspective S&P 4 Fund (Class A) 0.10%
--------------------------------------------------------------------------------- ------------------------------------
Xxxxxxx Perspective S&P 4 Fund (Class C) 0.10%
--------------------------------------------------------------------------------- ------------------------------------
Xxxxxxx Perspective Small Cap Value Fund (Class A) 0.10%
--------------------------------------------------------------------------------- ------------------------------------
Xxxxxxx Perspective Small Cap Value Fund (Class C) 0.10%
--------------------------------------------------------------------------------- ------------------------------------
Xxxxxxx Perspective 10 x 10 Fund (Class A) 0.00%
--------------------------------------------------------------------------------- ------------------------------------
Xxxxxxx Perspective 10 x 10 Fund (Class C) 0.00%
--------------------------------------------------------------------------------- ------------------------------------
Xxxxxxx Perspective VIP Fund (Class A) 0.10%
--------------------------------------------------------------------------------- ------------------------------------
Xxxxxxx Perspective VIP Fund (Class C) 0.10%
--------------------------------------------------------------------------------- ------------------------------------
JNL Money Market Fund (Institutional Class) 0.00%
--------------------------------------------------------------------------------- ------------------------------------
