Ex-99.23(d)(104)
AMENDMENT
TO
INVESTMENT SUB-ADVISORY AGREEMENT
BETWEEN
XXXXXXX NATIONAL ASSET MANAGEMENT, LLC
AND
XXXXXX INVESTMENT 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 XXXXXX INVESTMENT MANAGEMENT, LLC, a Delaware corporation 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, pursuant to the Agreement, 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; and
WHEREAS, in order to reflect fee reductions for all funds, Schedule B must
be amended.
NOW THEREFORE, in consideration of the mutual covenants herein contained,
the parties hereby agree to amend the Agreement as follows:
1. Schedule B to the Agreement is hereby deleted and replaced in its
entirety with Schedule B dated September 1, 2006, attached hereto.
IN WITNESS WHEREOF, the Adviser and the Sub-Adviser have caused this
Amendment to be executed as of this 1st day of September, 2006.
XXXXXXX NATIONAL ASSET XXXXXX INVESTMENT
MANAGEMENT, LLC MANAGEMENT, LLC
By:___________________________________ By:___________________________________
Name: Xxxxxx X. Xxxxxxx Name:_________________________________
Title: President Title:________________________________
SCHEDULE A
DATED SEPTEMBER 1, 2006
(Funds)
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JNL/Xxxxxx Equity Fund
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JNL/Xxxxxx Xxxxxx Growth Fund
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JNL/Xxxxxx Value Equity Fund
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SCHEDULE B
DATED SEPTEMBER 1, 2006
(Compensation)
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JNL/Xxxxxx Equity Fund
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AVERAGE DAILY NET ASSETS ANNUAL RATE
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$0 to $150 Million 0.45%
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$150 Million to $300 Million 0.35%
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Amounts over $300 Million 0.30%
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JNL/Xxxxxx Midcap Growth Fund
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AVERAGE DAILY NET ASSETS ANNUAL RATE
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$0 to $250 Million 0.475%
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Amounts over $250 Million 0.40%
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JNL/Xxxxxx Value Equity Fund
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AVERAGE DAILY NET ASSETS ANNUAL RATE
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$0 to $150 Million 0.45%
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$150 Million to $300 Million 0.35%
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Amounts over $300 Million 0.30%
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