Amendment to Investment Sub-Advisory Agreement between Jackson National Asset Management, LLC and Mellon Capital Management Corporation
EX 99.28(d)(253)
Amendment
to
between
Xxxxxxx National Asset Management, LLC
and
Mellon Capital Management Corporation
This Amendment is made by and between Xxxxxxx National Asset Management, LLC, a Michigan limited liability company and registered investment adviser (“Adviser”), and Mellon Capital Management Corporation, a Delaware corporation and registered investment adviser (“Sub-Adviser”).
Whereas, the Adviser and Sub-Adviser entered into an Investment Sub-Advisory Agreement effective as of November 8, 2001, Amended and Restated effective as of the 18th day of February 2004, and further Amended and Restated effective as of the 1st day of December, 2012 (“Agreement”), whereby the Adviser appointed the Sub-Adviser to provide certain sub-investment advisory services to certain investment portfolios (“Funds”) of JNL Series Trust.
Whereas, the parties wish to amend the Agreement to add the following new fund: the JNL/Mellon Capital Utilities Sector Fund, to add the JNL/Mellon Capital Utilities Sector Fund’s fee schedule, and to amend certain Fund names from the “Current Fund Name” to the “New Fund Name,” as set forth below, effective April 29, 2013:
|
Current Fund Name
|
New Fund Name
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JNL/Mellon Capital Management Bond Index Fund
|
JNL/Mellon Capital Bond Index Fund
|
|
JNL/Mellon Capital Management Dow Xxxxx U.S. Contrarian Opportunities Index Fund
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JNL/Mellon Capital Dow Xxxxx U.S. Contrarian Opportunities Index Fund
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JNL/Mellon Capital Management Emerging Markets Index Fund
|
JNL/Mellon Capital Emerging Markets Index Fund
|
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JNL/Mellon Capital Management European 30 Fund
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JNL/Mellon Capital European 30 Fund
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JNL/Mellon Capital Management Global Alpha Fund
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JNL/Mellon Capital Global Alpha Fund
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JNL/Mellon Capital Management International Index Fund
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JNL/Mellon Capital International Index Fund
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JNL/Mellon Capital Management Pacific Rim 30 Fund
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JNL/Mellon Capital Pacific Rim 30 Fund
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JNL/Mellon Capital Management S&P 500 Index Fund
|
JNL/Mellon Capital S&P 500 Index Fund
|
|
JNL/Mellon Capital Management S&P 400 MidCap Index Fund
|
JNL/Mellon Capital S&P 400 MidCap Index Fund
|
|
JNL/Mellon Capital Management Small Cap Index Fund
|
JNL/Mellon Capital Small Cap Index 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 April 29, 2013, attached hereto.
|
| 2. |
Schedule B to the Agreement is hereby deleted and replaced in its entirety with Schedule B dated April 29, 2013, attached hereto.
|
In Witness Whereof, the Adviser and the Sub-Adviser have caused this Amendment to be executed as of December 14, effective as of April 29, 2013.
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Xxxxxxx National Asset Management, LLC
|
Mellon Capital Management Corporation
|
||||
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By:
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/s/ Xxxx X. Xxxxx
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By:
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/s/ Xxxxx Xxx | ||
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Name:
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Xxxx X. Xxxxx
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Name:
|
Xxxxx Xxx | ||
|
Title:
|
President and CEO
|
Title:
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Director | ||
Page 2 of 2
Schedule A
April 29, 2013
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Funds
|
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JNL/Mellon Capital Bond Index Fund
|
|
JNL/Mellon Capital Dow Xxxxx U.S. Contrarian Opportunities Index Fund
|
|
JNL/Mellon Capital Emerging Markets Index Fund
|
|
JNL/Mellon Capital European 30 Fund
|
|
JNL/Mellon Capital Global Alpha Fund
|
|
JNL/Mellon Capital International Index Fund
|
|
JNL/Mellon Capital Pacific Rim 30 Fund
|
|
JNL/Mellon Capital S&P 500 Index Fund
|
|
JNL/Mellon Capital S&P 400 MidCap Index Fund
|
|
JNL/Mellon Capital Small Cap Index Fund
|
|
JNL/Mellon Capital Utilities Sector Fund
|
|
JNL/S&P Competitive Advantage Fund
|
|
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
|
|
JNL/X. Xxxx Price Mid-Cap Growth Fund
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A-1
Schedule B
April 29, 2013
(Compensation)
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JNL/Mellon Capital Bond Index Fund
|
|
|
Average Daily Net Assets
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Annual Rate
|
|
First $750 million
|
0.03%
|
|
Over $750 million
|
0.015%
|
|
JNL/Mellon Capital Dow Xxxxx
U.S. Contrarian Opportunities Index Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
First $50 million
|
0.09%
|
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Next $50 million
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0.06%
|
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$100 to $750 million
|
0.03%
|
|
Over $750 million
|
0.015%
|
|
JNL/Mellon Capital Emerging Markets Index Fund
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|
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Average Daily Net Assets
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Annual Rate
|
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$0 to $50 million
|
0.09%
|
|
$50 to $100 million
|
0.06%
|
|
$100 to $750 million
|
0.03%
|
|
Over $750 million
|
0.015%
|
|
JNL/Mellon Capital European 30 Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
$0 to $50 million
|
0.09%
|
|
$50 to $100 millionT
|
0.06%
|
|
$100 to $750 million
|
0.03%
|
|
Over $750 million
|
0.015%
|
X-0
|
XXX/Xxxxxx Xxxxxxx Xxxxxx Xxxxx Fund
|
|
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Average Daily Net Assets
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Annual Rate
|
|
$0 to $200 million
|
0.60%
|
|
$200 to $400 million
|
0.55%
|
|
$400 to $600 million
|
0.50%
|
|
$600 to $800 million
|
0.45%
|
|
$800 to $900 million
|
0.40%
|
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Over $900 million
|
0.35%
|
|
JNL/Mellon Capital International Index Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
First $750 million
|
0.03%
|
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Over $750 million
|
0.015%
|
|
JNL/Mellon Capital Pacific Rim 30 Fund
|
|
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Average Daily Net Assets
|
Annual Rate
|
|
$0 to $50 million
|
0.09%
|
|
$50 to $100 million
|
0.06%
|
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$100 to $750 million
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0.03%
|
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Over $750 million
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0.015%
|
|
JNL/Mellon Capital S&P 500 Index Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
First $750 million
|
0.03%
|
|
Over $750 million
|
0.015%
|
|
JNL/Mellon Capital S&P 400 MidCap Index Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
First $750 million
|
0.03%
|
|
Over $750 million
|
0.015%
|
X-0
|
XXX/Xxxxxx Xxxxxxx Xxxxx Xxx Index Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
First $750 million
|
0.03%
|
|
Over $750 million
|
0.015%
|
|
JNL/Mellon Capital Utilities Sector Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
$0 to $50 million
|
0.09%
|
|
$50 to $100 million
|
0.06%
|
|
$100 to $750 million
|
0.03%
|
|
Over $750 million
|
0.015%
|
|
JNL/S&P Competitive Advantage Fund
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
$0 to $100 million
|
0.06%
|
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$100 to $750 million
|
0.03%
|
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Over $750 million
|
0.015%
|
|
JNL/S&P Dividend Income & Growth Fund
|
|
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Average Daily Net Assets
|
Annual Rate
|
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$0 to $100 million
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0.06%
|
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$100 to $750 million
|
0.03%
|
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Over $750 million
|
0.015%
|
|
JNL/S&P Intrinsic Value Fund
|
|
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Average Daily Net Assets
|
Annual Rate
|
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$0 to $100 million
|
0.06%
|
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$100 to $750 million
|
0.03%
|
|
Over $750 million
|
0.015%
|
B-3
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JNL/S&P Total Yield Fund
|
|
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Average Daily Net Assets
|
Annual Rate
|
|
$0 to $100 million
|
0.06%
|
|
$100 to $750 million
|
0.03%
|
|
Over $750 million
|
0.015%
|
|
JNL/X. Xxxx Price Mid-Cap Growth Fund*
|
|
|
Average Daily Net Assets
|
Annual Rate
|
|
First $50 million
|
0.09%
|
|
Next $50 million
|
0.06%
|
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$100 to $750 million
|
0.03%
|
|
Over $750 million
|
0.015%
|
| *Fees will be paid based on assets invested in the mid-cap growth index strategy portion of the JNL/X. Xxxx Price Mid-Cap Growth Fund managed by Mellon Capital Management Corporation. | |
B-4
