to Amended and Restated Investment Sub-Advisory Agreement Between Jackson National Asset Management, LLC
Amendment
to Amended and Restated
Investment Sub-Advisory Agreement Between
Xxxxxxx National Asset Management, LLC
and OppenheimerFunds, Inc.
This Amendment is made by and between Xxxxxxx National Asset Management, LLC, a Michigan limited liability company and registered investment adviser (“Adviser”), and OppenheimerFunds, Inc., a Colorado Corporation and registered investment adviser (“Sub-Adviser”).
Whereas, the Adviser and the Sub-Adviser entered into an Amended and Restated Investment Sub-Advisory Agreement effective as of the 1st day of December, 2012, as amended May 30, 2013 and June 4, 2014 (“Agreement”), whereby the Adviser appointed the Sub-Adviser to provide certain sub-investment advisory services to certain investment portfolios (“Funds”) of JNL Series Trust (“Trust”), as listed on Schedule A to the Agreement.
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 Adviser and the Sub-Adviser have agreed to reduce the sub-advisory fees for the JNL/Xxxxxxxxxxx Global Growth Fund as set forth on Schedule B, and, in connection with said reductions, Schedule B to the Agreement must be amended.
Now Therefore, in consideration of the mutual covenants herein contained, the parties hereby agree to amend the Agreement as follows:
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1.
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Schedule B to the Agreement is hereby deleted and replaced in its entirety with Schedule B dated January 1, 2015, attached hereto.
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In Witness Whereof, the Adviser and the Sub-Adviser have caused this Amendment to be executed as of this 5th day of January 2015, effective January 1, 2015.
| Xxxxxxx National Asset Management, LLC | OppenheimerFunds, Inc. | |||
| By: |
/s/ Xxxx X. Xxxxx
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By: |
/s/ Xxxxx Xxxxx
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| Name: |
Xxxx X. Xxxxx
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Name: |
Xxxxx Xxxxx
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| Title: |
President and CEO
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Title: |
SVP
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Schedule B
Dated January 1, 2015
(Compensation)
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JNL/Xxxxxxxxxxx Global Growth Fund
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Average Daily Net Assets
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Annual Rate
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$0 to $350 Million
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0.35%
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$350 Million to $800 Million
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0.30%
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$800 Million to $1 Billion
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0.25%
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Amounts over $1 Billion
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0.23%
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B-1
