Amendment to Investment Sub-Advisory Agreement between Jackson National Asset Management, LLC and Mellon Capital Management Corporation
EX 99.28(d)(234)
Amendment
to
between
▇▇▇▇▇▇▇ National Asset Management, LLC
and
Mellon Capital Management Corporation
This Amendment is made by and between ▇▇▇▇▇▇▇ National Asset Management, LLC, a Michigan limited liability company and registered investment adviser (“Adviser”), and Mellon Capital Management Corporation, a Delaware corporation and registered investment adviser (“Sub-Adviser”).
Whereas, the Adviser and the Sub-Adviser entered into an Investment Sub-Advisory Agreement dated as of February 18, 2004, as amended (“Agreement”), whereby the Adviser appointed the Sub-Adviser to provide certain sub-investment advisory services to JNL Series Trust (“Trust”).
Whereas, the parties wish to amend the Agreement in order to add the JNL/Mellon Capital Management Dow ▇▇▇▇▇ U.S. Contrarian Opportunities Index Fund, pursuant to the appointment of the Sub-Adviser to provide certain sub-investment advisory services to this new fund of the Trust.
Whereas, in order to reflect this fund addition, Schedule A and 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 A to the Agreement is hereby deleted and replaced in its entirety with Schedule A dated April 30, 2012, attached hereto.
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2.
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Schedule B to the Agreement is hereby deleted and replaced in its entirety with Schedule B dated April 30, 2012, attached hereto.
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In Witness Whereof, the Adviser and the Sub-Adviser have caused this Amendment to be executed as of November 23, 2011, effective as of April 30, 2012.
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▇▇▇▇▇▇▇ National Asset Management, LLC
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Mellon Capital Management Corporation
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By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇
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By: /s/ ▇▇▇▇▇ ▇▇▇
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Name: ▇▇▇▇ ▇. ▇▇▇▇▇
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Name: ▇▇▇▇▇ ▇▇▇
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Title: President and CEO
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Title: Director
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Schedule A
April 30, 2012
(Funds)
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JNL/Mellon Capital Management Bond Index Fund
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JNL/Mellon Capital Management Dow ▇▇▇▇▇
U.S. Contrarian Opportunities Index Fund
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JNL/Mellon Capital Management Emerging Markets Index Fund
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JNL/Mellon Capital Management European 30 Fund
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JNL/Mellon Capital Management Global Alpha Fund
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JNL/Mellon Capital Management International Index Fund
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JNL/Mellon Capital Management Pacific Rim 30 Fund
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JNL/Mellon Capital Management S&P 500 Index Fund
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JNL/Mellon Capital Management S&P 400 MidCap Index Fund
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JNL/Mellon Capital Management Small Cap Index Fund
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JNL/S&P Competitive Advantage Fund
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JNL/S&P Dividend Income & Growth Fund
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JNL/S&P Intrinsic Value Fund
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JNL/S&P Total Yield Fund
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JNL/▇. ▇▇▇▇ Price Mid-Cap Growth Fund
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A-1
Schedule B
April 30, 2012
(Compensation)
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JNL/Mellon Capital Management Bond Index Fund
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Average Daily Net Assets
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Annual Rate
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First $50 million
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0.09%
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Next $50 million
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0.06%
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$100 to $750 million
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0.03%
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Over $750 million
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0.015%
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JNL/Mellon Capital Management Dow ▇▇▇▇▇
U.S. Contrarian Opportunities Index Fund
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Average Daily Net Assets
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Annual Rate
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First $50 million
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0.09%
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Next $50 million
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0.06%
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$100 to $750 million
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0.03%
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Over $750 million
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0.015%
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JNL/Mellon Capital Management
Emerging Markets Index 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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0.09%
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$50 to $100 million
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0.06%
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$100 to $750 million
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0.03%
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Over $750 million
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0.015%
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JNL/Mellon Capital Management European 30 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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0.09%
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$50 to $100 million
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0.06%
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$100 to $750 million
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0.03%
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Over $750 million
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0.015%
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B-1
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JNL/Mellon Capital Management Global Alpha Fund
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Average Daily Net Assets
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Annual Rate
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$0 to $200 million
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0.60%
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$200 to $400 million
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0.55%
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$400 to $600 million
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0.50%
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$600 to $800 million
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0.45%
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$800 to $900 million
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0.40%
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Over $900 million
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0.35%
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JNL/Mellon Capital Management International Index Fund
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Average Daily Net Assets
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Annual Rate
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First $50 million
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0.09%
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Next $50 million
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0.06%
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$100 to $750 million
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0.03%
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Over $750 million
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0.015%
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JNL/Mellon Capital Management Pacific Rim 30 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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0.09%
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$50 to $100 million
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0.06%
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$100 to $750 million
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0.03%
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Over $750 million
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0.015%
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JNL/Mellon Capital Management S&P 500 Index Fund
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Average Daily Net Assets
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Annual Rate
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First $50 million
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0.09%
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Next $50 million
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0.06%
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$100 to $750 million
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0.03%
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Over $750 million
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0.015%
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B-2
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JNL/Mellon Capital Management S&P 400 MidCap Index Fund
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Average Daily Net Assets
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Annual Rate
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First $50 million
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0.09%
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Next $50 million
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0.06%
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$100 to $750 million
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0.03%
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Over $750 million
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0.015%
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JNL/Mellon Capital Management Small Cap Index Fund
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Average Daily Net Assets
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Annual Rate
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First $50 million
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0.09%
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Next $50 million
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0.06%
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$100 to $750 million
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0.03%
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Over $750 million
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0.015%
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JNL/S&P Competitive Advantage Fund
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Average Daily Net Assets
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Annual Rate
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$0 to $100 million
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0.06%
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$100 to $750 million
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0.03%
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Over $750 million
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0.015%
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JNL/S&P Dividend Income & Growth Fund
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Average Daily Net Assets
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Annual Rate
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$0 to $100 million
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0.06%
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$100 to $750 million
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0.03%
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Over $750 million
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0.015%
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JNL/S&P Intrinsic Value Fund
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Average Daily Net Assets
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Annual Rate
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$0 to $100 million
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0.06%
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$100 to $750 million
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0.03%
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Over $750 million
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0.015%
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B-3
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JNL/S&P Total Yield Fund
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Average Daily Net Assets
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Annual Rate
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$0 to $100 million
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0.06%
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$100 to $750 million
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0.03%
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Over $750 million
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0.015%
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JNL/▇. ▇▇▇▇ Price Mid-Cap Growth Fund*
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Average Daily Net Assets
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Annual Rate
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First $50 million
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0.09%
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Next $50 million
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0.06%
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$100 to $750 million
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0.03%
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Over $750 million
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0.015%
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*Fees will be paid based on assets invested in the mid-cap growth index strategy portion of the JNL/▇. ▇▇▇▇ Price Mid-Cap Growth Fund managed by Mellon Capital Management Corporation.
B-4