Amendment to JNL Series Trust Investment Sub-Advisory Agreement Between
Amendment to JNL Series Trust
Investment Sub-Advisory Agreement Between
Xxxxxxx National Asset Management, LLC
and
First Pacific Advisors, LP
This Amendment is made by and between Xxxxxxx National Asset Management, LLC, a limited liability company organized in the State of Michigan (the “Adviser”), and First Pacific Advisors, LP, a limited partnership organized in the state of Delaware (the “Sub-Adviser”).
Whereas, the Adviser and the Sub-Adviser (the “Parties”) entered into an Investment Sub-Advisory Agreement effective as of the 27th day of April, 2015, as amended (the “Agreement”), whereby the Adviser appointed the Sub-Adviser to provide certain sub-investment advisory services to the fund or funds (each, a “Fund”) of JNL Series Trust (the “Trust”), as listed on Schedule A to the Agreement, for the portion of each Fund’s assets allocated to the Sub-Adviser.
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.
Whereas, the Parties have agreed to amend the Agreement to incorporate fee changes for the JNL Multi-Manager Alternative Fund, effective September 1, 2020, as approved by the Board of Trustees of the Trust.
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, 2020, attached hereto. |
| 2) | Except as specifically amended hereby, the Agreement shall remain in full force and effect in accordance with its terms. |
| 3) | Each of the Parties represents and warrants to the others that it has full authority to enter into this Amendment upon the terms and conditions hereof and that the individual executing this Amendment is duly authorized to bind the respective party to this Amendment. |
| 4) | This Amendment may be executed in one or more counterparts, which together shall constitute one document. |
In Witness Whereof, the Parties have caused this Amendment to be executed, effective September 1, 2020.
| Xxxxxxx National Asset Management, LLC | First Pacific Advisors, LP By: FPA GP, Inc. Its: General Partner |
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| By: | /s/ Xxxx X. Xxxxx | By: | /s/ J. Xxxxxxx Xxxxxx | ||
| Name: | Xxxx X. Xxxxx | Name: | J. Xxxxxxx Xxxxxx | ||
| Title: | President and CEO | Title: | Director | ||
Schedule B
Dated September 1, 2020
(Compensation)
| JNL Multi-Manager Alternative Fund |
| [Fee Schedule Omitted] |
B-1
