Amendment to Investment Sub-Advisory Agreement Between Jackson National Asset Management, LLC and Invesco Advisers, Inc.
EX 99.23(d)(192)
Amendment
to
Investment Sub-Advisory Agreement
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.