Amendment to Investment Advisory and Management Agreement between JNL Series Trust and Jackson National Asset Management, LLC
EX 99.28(d)(239)
Amendment
to
between
and
▇▇▇▇▇▇▇ National Asset Management, LLC
This Amendment is made by and between JNL Series Trust, a Massachusetts business trust (“Trust”) and ▇▇▇▇▇▇▇ National Asset Management, LLC, a Michigan limited liability company (“Adviser”).
Whereas, the Trust and the Adviser are parties to an Amended and Restated Investment Advisory and Management Agreement dated February 28, 2012 (“Agreement”).
Whereas, the parties have agreed to amend Schedule A and Schedule B of the Agreement to add the following new funds (“New Funds”), to add each new fund’s respective fee schedule, and to amend the following fund names (“Fund Name Changes”):
New Funds (effective April 30, 2012):
1) JNL/American Funds Balanced Allocation Fund;
2) JNL/American Funds Growth Allocation Fund;
3) JNL/Mellon Capital Management Dow ▇▇▇▇▇ U.S. Contrarian Opportunities Index Fund;
4) JNL/▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Mid Cap Growth Fund; and
5) JNL/▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Strategic Income Fund.
Fund Name Changes (effective April 30, 2012):
1) JNL/Capital Guardian U.S. Growth Equity Fund to: JNL/UBS Large Cap Select Growth Fund; and
2) JNL/Eagle Core Equity Fund to: JNL/DFA U.S. Core Equity Fund.
Now Therefore, 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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3.
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This Amendment may be executed in two or more counterparts, which together shall constitute one document.
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In Witness Whereof, the Adviser and the Trust have caused this Amendment to be executed as of March 15, 2012, dated as of April 30, 2012.
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▇▇▇▇▇▇▇ National Asset Management, LLC
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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: Assistant Secretary
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Title: President and CEO
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Schedule A
Dated April 30, 2012
(List of Funds)
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Funds
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JNL/American Funds Balanced Allocation Fund
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JNL/American Funds Blue Chip Income and Growth Fund
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JNL/American Funds Global Bond Fund
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JNL/American Funds Global Small Capitalization Fund
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JNL/American Funds Growth Allocation Fund
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JNL/American Funds Growth-Income Fund
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JNL/American Funds International Fund
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JNL/American Funds New World Fund
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JNL/AQR Managed Futures Strategy Fund
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JNL/BlackRock Commodity Securities Fund
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JNL/BlackRock Global Allocation Fund
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JNL/Brookfield Global Infrastructure Fund
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JNL/Capital Guardian Global Diversified Research Fund
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JNL/Capital Guardian Global Balanced Fund
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JNL/DFA U.S. Core Equity Fund
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JNL/Eagle SmallCap Equity Fund
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JNL/Eastspring Investments Asia ex-Japan Fund
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JNL/Eastspring Investments China-India Fund
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JNL/Franklin ▇▇▇▇▇▇▇▇▇ Founding Strategy Fund
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JNL/Franklin ▇▇▇▇▇▇▇▇▇ Global Growth Fund
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JNL/Franklin ▇▇▇▇▇▇▇▇▇ Global Multisector Bond Fund
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JNL/Franklin ▇▇▇▇▇▇▇▇▇ Income Fund
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JNL/Franklin ▇▇▇▇▇▇▇▇▇ International Small Cap Growth Fund
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JNL/Franklin ▇▇▇▇▇▇▇▇▇ Mutual Shares Fund
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JNL/Franklin ▇▇▇▇▇▇▇▇▇ Small Cap Value Fund
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JNL/▇▇▇▇▇▇▇ Sachs Core Plus Bond Fund
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A-1
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Funds
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JNL/▇▇▇▇▇▇▇ ▇▇▇▇▇ Emerging Markets Debt Fund
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JNL/▇▇▇▇▇▇▇ Sachs Mid Cap Value Fund
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JNL/▇▇▇▇▇▇▇ ▇▇▇▇▇ U.S. Equity Flex Fund
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JNL Institutional Alt 20 Fund
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JNL Institutional Alt 35 Fund
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JNL Institutional Alt 50 Fund
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JNL Institutional Alt 65 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 Global Real Estate Fund
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JNL/Invesco Small Cap Growth Fund
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JNL/Ivy Asset Strategy Fund
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JNL/JPMorgan International Value Fund
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JNL/JPMorgan MidCap Growth Fund
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JNL/JPMorgan U.S. Government & Quality Bond Fund
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JNL/Lazard Emerging Markets Fund
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JNL/Lazard Mid Cap Equity Fund
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JNL/M&G Global Basics Fund
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JNL/M&G Global Leaders Fund
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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 Index 5 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 Small Cap Index Fund
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A-2
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Funds
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JNL/Mellon Capital Management 10 x 10 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/▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Mid Cap Growth Fund
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JNL/▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Strategic Income Fund
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JNL/▇▇▇▇▇▇▇▇▇▇▇ Global Growth Fund
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JNL/PPM America Floating Rate Income Fund
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JNL/PIMCO Real Return Fund
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JNL/PIMCO Total Return Bond Fund
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JNL/PPM America High Yield Bond Fund
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JNL/PPM America Mid Cap Value Fund
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JNL/PPM America Small Cap Value Fund
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JNL/PPM America Value Equity Fund
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JNL/Red Rocks Listed Private Equity Fund
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JNL/▇. ▇▇▇▇ Price Established Growth Fund
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JNL/▇. ▇▇▇▇ Price Mid-Cap Growth Fund
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JNL/▇. ▇▇▇▇ Price Short-Term Bond Fund
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JNL/▇. ▇▇▇▇ Price Value Fund
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JNL/WMC Balanced Fund
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JNL/WMC Money Market Fund
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JNL/WMC Value Fund
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JNL/S&P Managed Growth Fund
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JNL/S&P Managed Conservative Fund
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JNL/S&P Managed Moderate Growth Fund
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JNL/S&P Managed Moderate Fund
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JNL/S&P Managed Aggressive Growth 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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A-3
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Funds
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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/S&P 4 Fund
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JNL/UBS Large Cap Select Growth Fund
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JNL Disciplined Moderate Fund
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JNL Disciplined Moderate Growth Fund
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JNL Disciplined Growth Fund
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A-4
Schedule B
Dated April 30, 2012
(Compensation)
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Fund
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Assets
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Advisory Fee
(Annual Rate Based on Average
Net Assets of each Fund)
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JNL/American Funds Balanced Allocation Fund
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$0 to $1 billion
Over $1 billion
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.300%
.275%
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JNL/American Funds Blue Chip Income and Growth Fund
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$0 to $1 billion
Over $1 billion
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.70%
.65%
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JNL/American Funds Global Bond Fund
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$0 to $1 billion
Over $1 billion
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.70%
.65%
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JNL/American Funds Global Small Capitalization Fund
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$0 to $1 billion
Over $1 billion
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.75%
.70%
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JNL/American Funds Growth Allocation Fund
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$0 to $1 billion
Over $1 billion
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.300%
.275%
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JNL/American Funds Growth-Income Fund
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$0 to $1 billion
Over $1 billion
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.70%
.65%
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JNL/American Funds International Fund
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$0 to $1 billion
Over $1 billion
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.85%
.80%
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JNL/American Funds New World Fund
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$0 to $1 billion
Over $1 billion
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1.05%
1.00%
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JNL/AQR Managed Futures Strategy Fund
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$0 to $500 million
$500 million to $1 billion
Over $1 billion
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.95%
.90%
.85%
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JNL/BlackRock Commodity Securities Fund
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$0 to $300 million
Over $300 million
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.70%
.60%
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JNL/BlackRock Global Allocation Fund
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$0 to $1 billion
Over $1 billion
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.75%
.70%
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JNL/Brookfield Global Infrastructure Fund
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$0 to $1 billion
Over $1 billion
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.80%
.75%
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JNL/Capital Guardian Global
Diversified Research Fund
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$0 to $150 million
$150 million to $500 million
$500 million to $750 million
Over $750 million
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.75%
.70%
.65%
.60%
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JNL/Capital Guardian Global Balanced Fund
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$0 to $500 million
Over $500 million
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.65%
.60%
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JNL/DFA U.S. Core Equity Fund
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$0 to $100 million
$100 million to $300 million
Over $300 million
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.65%
.60%
.55%
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B-1
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Fund
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Assets
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Advisory Fee
(Annual Rate Based on Average
Net Assets of each Fund)
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JNL/Eagle SmallCap Equity Fund
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$0 to $100 million
$100 million to $500 million
Over $500 million
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.75%
.70%
.65%
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JNL/Eastspring Investments Asia ex-Japan Fund
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$0 to $500 million
Over $500 million
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.90%
.85%
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JNL/Eastspring Investments China-India Fund
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$0 to $500 million
Over $500 million
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.90%
.85%
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JNL/Franklin ▇▇▇▇▇▇▇▇▇ Founding Strategy Fund
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All Assets
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0%
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JNL/Franklin ▇▇▇▇▇▇▇▇▇ Global Growth Fund
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$0 to $300 million
$300 million to $500 million
Over $500 million
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.75%
.65%
.60%
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JNL/Franklin ▇▇▇▇▇▇▇▇▇ Global Multisector Bond Fund
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$0 to $1 billion
Over $1 billion
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.75%
.70%
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JNL/Franklin ▇▇▇▇▇▇▇▇▇ Income Fund
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$0 to $100 million
$100 million to $200 million
$200 million to $500 million
Over $500 million
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.80%
.75%
.65%
.60%
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JNL/Franklin ▇▇▇▇▇▇▇▇▇ International
Small Cap Growth Fund
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$0 to $500 million
Over $500 million
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.95%
.90%
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JNL/Franklin ▇▇▇▇▇▇▇▇▇ Mutual Shares Fund
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$0 to $500 million
Over $500 million
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.75%
.70%
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JNL/Franklin ▇▇▇▇▇▇▇▇▇ Small Cap Value Fund
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$0 to $200 million
$200 million to $500 million
Over $500 million
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.85%
.77%
.75%
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JNL/▇▇▇▇▇▇▇ Sachs Core Plus Bond Fund
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$0 to $500 million
Over $500 million
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.60%
.55%
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JNL/▇▇▇▇▇▇▇ ▇▇▇▇▇ Emerging Markets Debt Fund
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$0 to $200 million
$200 million to $1 billion
Over $1 billion
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.75%
.70%
.675%
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JNL/▇▇▇▇▇▇▇ Sachs Mid Cap Value Fund
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$0 to $100 million
Over $100 million
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.75%
.70%
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JNL/▇▇▇▇▇▇▇ ▇▇▇▇▇ U.S. Equity Flex Fund
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$0 to $300 million
Over $300 million
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.80%
.75%
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JNL Institutional Alt 20 Fund
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$0 to $500 million
Over $500 million
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.15%
.10%
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JNL Institutional Alt 35 Fund
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$0 to $500 million
Over $500 million
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.15%
.10%
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JNL Institutional Alt 50 Fund
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$0 to $500 million
Over $500 million
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.15%
.10%
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B-2
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Fund
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Assets
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Advisory Fee
(Annual Rate Based on Average
Net Assets of each Fund)
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JNL Institutional Alt 65 Fund
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$0 to $500 million
Over $500 million
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.15%
.10%
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JNL/Invesco International Growth Fund
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$0 to $150 million
$150 million to $500 million
Over $500 million
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.70%
.65%
.60%
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JNL/Invesco Large Cap Growth Fund
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$0 to $150 million
Over $150 million
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.70%
.65%
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JNL/Invesco Global Real Estate Fund
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$0 to $50 million
Over $50 million
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.75%
.70%
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JNL/Invesco Small Cap Growth Fund
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$0 to $300 million
Over $300 million
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.85%
.80%
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JNL/Ivy Asset Strategy Fund
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$0 to $500 million
$500 million to $1.5 billion
Over $1.5 billion
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.90%
.85%
.825%
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JNL/JPMorgan International Value Fund
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$0 to $150 million
$150 million to $500 million
Over $500 million
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.70%
.65%
.60%
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JNL/JPMorgan MidCap Growth Fund
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$0 to $250 million
$250 million to $750 million
$750 million to $1,500 million
Over $1,500 million
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.70%
.65%
.60%
.55%
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JNL/JPMorgan U.S. Government & Quality Bond Fund
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$0 to $150 million
$150 million to $300 million
$300 million to $500 million
Over $500 million
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.50%
.45%
.40%
.35%
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JNL/Lazard Emerging Markets Fund
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$0 to $100 million
$100 million to $250 million
Over $250 million
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1.00%
.90%
.85%
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JNL/Lazard Mid Cap Equity Fund
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$0 to $50 million
$50 million to $250 million
Over $250 million
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.75%
.70%
.65%
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JNL/M&G Global Basics Fund
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$0 to $500 million
Over $500 million
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.85%
.80%
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JNL/M&G Global Leaders Fund
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$0 to $500 million
Over $500 million
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.85%
.80%
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JNL/Mellon Capital Management Emerging Markets Index Fund
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$0 to $500 million
Over $500 million
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.40%
.35%
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JNL/Mellon Capital Management Bond Index Fund
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$0 to $500 million
$500 million to $750 million
Over $750 million
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.30%
.25%
.24%
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JNL/Mellon Capital Management Dow ▇▇▇▇▇ U.S. Contrarian Opportunities Index Fund
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$0 to $1 billion
Over $1 billion
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.325%
.300%
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B-3
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Fund
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Assets
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Advisory Fee
(Annual Rate Based on Average
Net Assets of each Fund)
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JNL/Mellon Capital Management Global Alpha Fund
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$0 to $500 million
Over $500 million
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1.00%
.90%
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JNL/Mellon Capital Management European 30 Fund
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$0 to $50 million
$50 to $100 million
Over $100 million
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.37%
.31%
.28%
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JNL/Mellon Capital Management Index 5 Fund
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All assets
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0%
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JNL/Mellon Capital Management International Index Fund
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$0 to $500 million
$500 million to $750 million
Over $750 million
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.30%
.25%
.24%
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JNL/Mellon Capital Management Pacific Rim 30 Fund
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$0 to $50 million
$50 to $100 million
Over $100 million
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.37%
.31%
.28%
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JNL/Mellon Capital Management Small Cap Index Fund
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$0 to $500 million
$500 million to $750 million
Over $750 million
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.29%
.24%
.23%
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JNL/Mellon Capital Management 10 x 10 Fund
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All assets
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0%
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JNL/Mellon Capital Management S&P 500 Index Fund
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$0 to $500 million
$500 million to $750 million
Over $750 million
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.29%
.24%
.23%
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JNL/Mellon Capital Management S&P 400 MidCap Index Fund
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$0 to $500 million
$500 million to $750 million
Over $750 million
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.29%
.24%
.23%
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JNL/▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Mid Cap Growth Fund
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$0 to $1 billion
Over $1 billion
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.75%
.70%
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JNL/▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Strategic Income Fund
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$0 to $1 billion
Over $1 billion
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.60%
.55%
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JNL/▇▇▇▇▇▇▇▇▇▇▇ Global Growth Fund
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$0 to $300 million
Over $300 million
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.70%
.60%
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JNL/PIMCO Real Return Fund
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$0 to $1 billion
Over $1 billion
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.50%
.475%
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JNL/PIMCO Total Return Bond Fund
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All assets
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.50%
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JNL/PPM America Floating Rate Income Fund
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$0 to $500 million
Over $500 million
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.65%
.60%
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JNL/PPM America High Yield Bond Fund
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$0 to $150 million
$150 million to $500 million
Over $500 million
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.50%
.45%
.425%
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JNL/PPM America Mid Cap Value Fund
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$0 to $500 million
Over $500 million
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.75%
.70%
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JNL/PPM America Small Cap Value Fund
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$0 to $500 million
Over $500 million
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.75%
.70%
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B-4
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Fund
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Assets
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Advisory Fee
(Annual Rate Based on Average
Net Assets of each Fund)
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JNL/PPM America Value Equity Fund
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$0 to $300 million
Over $300 million
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.55%
.50%
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JNL/Red Rocks Listed Private Equity Fund
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$0 to $200 million
Over $200 million
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.85%
.80%
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JNL/▇. ▇▇▇▇ Price Established Growth Fund
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$0 to $150 million
$150 to $500 million
Over $500 million
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.65%
.60%
.55%
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JNL/▇. ▇▇▇▇ Price Mid-Cap Growth Fund
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$0 to $150 million
Over $150 million
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.75%
.70%
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JNL/▇. ▇▇▇▇ Price Short-Term Bond Fund
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$0 to $250 million
$250 million to $1.5 billion
Over $1.5 billion
|
.45%
.40%
.375%
|
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JNL/▇. ▇▇▇▇ Price Value Fund
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$0 to $150 million
$150 to $500 million
Over $500 million
|
.70%
.65%
.60%
|
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JNL/WMC Balanced Fund
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$0 to $50 million
$50 million to $150 million
$150 million to $300 million
$300 million to $500 million
Over $500 million
|
.55%
.50%
.475%
.45%
.425%
|
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JNL/WMC Money Market Fund
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$0 to $500 million
Over $500 million
|
0.28%
0.25%
|
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JNL/WMC Value Fund
|
$0 to $300 million
$300 million to $500 million
Over $500 million
|
.55%
.50%
.45%
|
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JNL/S&P Managed Growth Fund
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$0 to $500 million
Over $500 million
|
.13%
.08%
|
|
JNL/S&P Managed Conservative Fund
|
$0 to $500 million
Over $500 million
|
.13%
.08%
|
|
JNL/S&P Managed Moderate Growth Fund
|
$0 to $500 million
Over $500 million
|
.13%
.08%
|
|
JNL/S&P Managed Moderate Fund
|
$0 to $500 million
Over $500 million
|
.13%
.08%
|
|
JNL/S&P Managed Aggressive Growth Fund
|
$0 to $500 million
Over $500 million
|
.13%
.08%
|
|
JNL/S&P Competitive Advantage Fund
|
$0 to $500 million
Over $500 million
|
.40%
.35%
|
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JNL/S&P Dividend Income & Growth Fund
|
$0 to $500 million
Over $500 million
|
.40%
.35%
|
|
JNL/S&P Intrinsic Value Fund
|
$0 to $500 million
Over $500 million
|
.40%
.35%
|
B-5
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Fund
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Assets
|
Advisory Fee
(Annual Rate Based on Average
Net Assets of each Fund)
|
|
JNL/S&P Total Yield Fund
|
$0 to $500 million
Over $500 million
|
.40%
.35%
|
|
JNL/S&P 4 Fund
|
All Assets
|
0%
|
|
JNL/UBS Large Cap Select Growth Fund
|
$0 to $150 million
$150 million to $500 million
$500 million to $750 million
Over $750 million
|
.70%
.65%
.60%
.55%
|
|
JNL Disciplined Moderate Fund
|
$0 to $500 million
Over $500 million
|
.13%
.08%
|
|
JNL Disciplined Moderate Growth Fund
|
$0 to $500 million
Over $500 million
|
.13%
.08%
|
|
JNL Disciplined Growth Fund
|
$0 to $500 million
Over $500 million
|
.13%
.08%
|
B-6