Amendment to Investment Sub-Advisory Agreement Between Jackson National Asset Management, LLC and Invesco Advisers, Inc.
EX 99.23(d)(192)
Amendment
to
Between
Xxxxxxx National Asset Management, LLC
and
Invesco Advisers, Inc.
This Amendment is made by and between Xxxxxxx National Asset Management, LLC, a Michigan limited liability company and registered investment adviser (“Adviser”), and Invesco Advisers, Inc., 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 1, 2010 (“Agreement”), whereby the Adviser appointed the Sub-Adviser to provide certain sub-investment advisory services to certain investment portfolios of JNL Series Trust.
Whereas, the Adviser and Sub-Adviser have agreed to the following fund name changes (“Changes”): 1) JNL/AIM Global Real Estate Fund to JNL/Invesco Global Real Estate Fund; 2) JNL/AIM International Growth Fund to JNL/Invesco International Growth Fund; 3) JNL/AIM Large Cap Growth Fund to JNL/Invesco Large Cap Growth Fund; and 4) JNL/AIM Small Cap Growth Fund to JNL/Invesco Small Cap Growth Fund.
Whereas, the Adviser and Sub-Adviser have also agreed to amend Schedule A and Schedule B of the Agreement for these Changes.
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 October 11, 2010, attached hereto.
2. Schedule B to the Agreement is hereby deleted and replaced in its entirety with Schedule B dated October 11, 2010, attached hereto.
In Witness Whereof, the Adviser and the Sub-Adviser have caused this Amendment to be executed as of this 11th day of October, 2010.
Xxxxxxx National
Asset Management, LLC
|
Invesco Advisers, Inc.
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By: /s/ Xxxx X. Xxxxx
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By: /s/ P. Xxxxxxxx Xxxxx
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Name: Xxxx X. Xxxxx
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Name: P. Xxxxxxxx Xxxxx
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Title: President and CEO
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Title: Vice President
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SCHEDULE A
October 11, 2010
(Funds)
JNL/Invesco Global Real Estate Fund
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JNL/Invesco International Growth Fund
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JNL/Invesco Large Cap Growth Fund
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JNL/Invesco Small Cap Growth Fund
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SCHEDULE B
October 11, 2010
(Compensation)
JNL/Invesco Global Real Estate Fund
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||
Average Daily Net Assets
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Annual Rate
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$0 to $50 Million
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0.50%
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Amounts over $50 Million
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0.45%
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JNL/Invesco International Growth Fund
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Average Daily Net Assets
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Annual Rate
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$0 to $250 Million
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0.40%
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Amounts over $250 Million
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0.35%
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JNL/Invesco Large Cap Growth Fund
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||
Average Daily Net Assets
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Annual Rate
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$0 to $150 Million
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0.40%*
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Amounts over $150 Million
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0.35%
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*For the purpose of calculating the sub-adviser fee for the JNL/Invesco Large Cap Growth Fund, assets must be combined with assets of the JNL/Invesco Global Real Estate Fund, the JNL/Invesco International Growth Fund, and the JNL/Invesco Small Cap Growth Fund. For combined net assets greater than $1 billion, the sub-adviser fee will be 0.35% on all assets of the JNL/Invesco Large Cap Growth Fund.
JNL/Invesco Small Cap Growth Fund
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||
Average Daily Net Assets
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Annual Rate
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$0 to $500 Million
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0.60%**
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Amounts over $500 Million
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0.55%
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** For the purpose of calculating the sub-adviser fee for the JNL/Invesco Small Cap Growth Fund, assets must be combined with assets of the JNL/Invesco Global Real Estate Fund, the JNL/Invesco International Growth Fund, and the JNL/Invesco Large Cap Growth Fund, collectively. For combined net assets greater than $1 billion, the sub-adviser fee will be 0.60% on net assets up to $250 million and 0.55% on net assets greater than $250 million for the JNL/Invesco Small Cap Growth Fund.