Amendment to Amended and Restated Administration Agreement between JNL Series Trust and Jackson National Asset Management, LLC
EX 99.28(h)(85)
Amendment to
Amended and Restated Administration Agreement
between
and
▇▇▇▇▇▇▇ National Asset Management, LLC
This Amendment is made by and between ▇▇▇▇▇▇▇ National Asset Management, LLC, a Michigan limited liability company (“Administrator”), and JNL Series Trust, a Massachusetts business trust (“Trust”).
Whereas, the Administrator and the Trust entered into an Amended and Restated Administration Agreement dated as of December 3, 2007 (“Agreement”), whereby the Administrator agreed to provide certain administrative services to several separate series of shares (each a “Fund”) of the Trust.
Whereas, the parties have agreed to amend sub-section 3.1 under Section 3 of the Agreement.
Whereas, the parties have also agreed to amend Schedule A and Schedule B of the Agreement for the following fund additions and fund name changes:
Fund Additions:
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1.
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JNL/AQR Managed Futures Strategy Fund; and
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2.
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JNL/Mellon Capital Management Emerging Markets Index Fund.
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Fund Name Changes:
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1.
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JNL/S&P Disciplined Moderate Fund to JNL Disciplined Moderate Fund;
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2.
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JNL/S&P Disciplined Moderate Growth Fund to JNL Disciplined Moderate Growth Fund; and
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3.
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JNL/S&P Disciplined Growth Fund to JNL Disciplined Growth Fund.
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Now Therefore, in consideration of the mutual convenants contained herein, the parties hereby agree to amend the Agreement to delete sub-section 3.1 under Section 3, entitled “3.1 Fee.,” in its entirety and replace it with the following:
3.1 Fee. As compensation for services performed and the facilities and personnel provided by the Administrator under this Agreement, and as provided pursuant to 1) the agreement between the Administrator and the JNL/AQR Managed Futures Strategy Fund’s wholly-owned subsidiary, the JNL/AQR Managed Futures Strategy Offshore Fund, Ltd, and 2) the agreement between the Administrator and the JNL/BlackRock Global Allocation Fund’s wholly-owned subsidiary, the JNL/BlackRock Global Allocation Fund, Ltd, the Trust will pay to the Administrator a single unified fee, accrued daily and payable monthly on the average daily net assets in the Series, in accordance with Schedule B.
Further, 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 August 29, 2011, 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 August 29, 2011, 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 Administrator and the Trust have caused this Amendment to be executed as of this 22nd day of August, 2011, effective August 29, 2011.
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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: Vice President, Counsel, and Secretary
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Title: President and CEO
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- 2 -
Schedule A
Dated August 29, 2011
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Funds
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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-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/Capital Guardian U.S. Growth Equity 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/Eagle Core Equity Fund
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JNL/Eagle SmallCap Equity 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 ▇▇▇▇▇▇▇▇▇ 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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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 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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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/▇▇▇▇▇▇▇▇▇▇▇ Global Growth Fund
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JNL/▇▇▇ Asia ex-Japan Fund
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JNL/▇▇▇ China-India 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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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 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
1-3
Schedule B
Dated August 29, 2011
Class A & B Shares
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Funds
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Assets
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Fee
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JNL/American Funds Blue Chip Income and Growth Fund
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All Assets
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.15%
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JNL/American Funds Global Bond Fund
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All Assets
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.15%
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JNL/American Funds Global Small Capitalization Fund
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All Assets
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.15%
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JNL/American Funds Growth-Income Fund
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All Assets
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.15%
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JNL/American Funds International Fund
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All Assets
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.15%
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JNL/American Funds New World Fund
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All Assets
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.15%
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JNL/AQR Managed Futures Strategy Fund
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All Assets
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.20%
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JNL/BlackRock Commodity Securities Fund
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All Assets
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.15%
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JNL/BlackRock Global Allocation Fund
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All Assets
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.15%
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JNL/Capital Guardian U.S. Growth Equity Fund
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All Assets
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.10%
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JNL/Capital Guardian Global Diversified Research Fund
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All Assets
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.15%
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JNL/Capital Guardian Global Balanced Fund
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All Assets
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.15%
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JNL/Eagle Core Equity Fund
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All Assets
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.10%
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JNL/Eagle SmallCap Equity Fund
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All Assets
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.10%
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JNL/Franklin ▇▇▇▇▇▇▇▇▇ Founding Strategy Fund
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All Assets
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.05%
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JNL/Franklin ▇▇▇▇▇▇▇▇▇ Global Growth Fund
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All Assets
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.15%
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JNL/Franklin ▇▇▇▇▇▇▇▇▇ International Small Cap Growth Fund
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All Assets
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.15%
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JNL/Franklin ▇▇▇▇▇▇▇▇▇ Income Fund
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All Assets
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.10%
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JNL/Franklin ▇▇▇▇▇▇▇▇▇ Mutual Shares Fund
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All Assets
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.10%
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JNL/Franklin ▇▇▇▇▇▇▇▇▇ Small Cap Value Fund
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All Assets
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.10%
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JNL/▇▇▇▇▇▇▇ Sachs Core Plus Bond Fund
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All Assets
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.10%
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JNL/▇▇▇▇▇▇▇ ▇▇▇▇▇ Emerging Markets Debt Fund
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All Assets
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.15%
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JNL/▇▇▇▇▇▇▇ Sachs Mid Cap Value Fund
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All Assets
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.10%
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JNL/▇▇▇▇▇▇▇ ▇▇▇▇▇ U.S. Equity Flex Fund
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All Assets
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.15%
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JNL Institutional Alt 20 Fund
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All Assets
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.05%
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JNL Institutional Alt 35 Fund
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All Assets
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.05%
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JNL Institutional Alt 50 Fund
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All Assets
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.05%
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JNL Institutional Alt 65 Fund
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All Assets
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.05%
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JNL/Invesco International Growth Fund
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All Assets
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.15%
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JNL/Invesco Large Cap Growth Fund
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All Assets
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.10%
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JNL/Invesco Global Real Estate Fund
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All Assets
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.15%
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JNL/Invesco Small Cap Growth Fund
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All Assets
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.10%
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JNL/Ivy Asset Strategy Fund
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All Assets
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.15%
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JNL/JPMorgan International Value Fund
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All Assets
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.15%
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JNL/JPMorgan U.S. Government & Quality Bond Fund
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All Assets
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.10%
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JNL/JPMorgan MidCap Growth Fund
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All Assets
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.10%
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JNL/Lazard Emerging Markets Fund
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All Assets
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.15%
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JNL/Lazard Mid Cap Equity Fund
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All Assets
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.10%
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JNL/M&G Global Basics Fund
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All Assets
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.15%
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JNL/M&G Global Leaders Fund
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All Assets
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.15%
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JNL/Mellon Capital Management Bond Index Fund
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All Assets
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.10%
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JNL/Mellon Capital Management Emerging Markets Index Fund
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All Assets
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.15%
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JNL/Mellon Capital Management European 30 Fund
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All Assets
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.20%
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JNL/Mellon Capital Management Global Alpha Fund
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All Assets
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.15%
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JNL/Mellon Capital Management Index 5 Fund
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All Assets
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.05%
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JNL/Mellon Capital Management International Index Fund
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All Assets
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.15%
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JNL/Mellon Capital Management Pacific Rim 30 Fund
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All Assets
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.20%
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JNL/Mellon Capital Management Small Cap Index Fund
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All Assets
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.10%
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JNL/Mellon Capital Management 10 x 10 Fund
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All Assets
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.05%
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JNL/Mellon Capital Management S&P 500 Index Fund
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All Assets
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.10%
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JNL/Mellon Capital Management S&P 400 MidCap Index Fund
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All Assets
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.10%
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JNL/▇▇▇▇▇▇▇▇▇▇▇ Global Growth Fund
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All Assets
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.15%
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JNL/▇▇▇ Asia ex-Japan Fund
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All Assets
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.15%
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JNL/▇▇▇ China-India Fund
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All Assets
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.20%
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JNL/PIMCO Real Return Fund
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All Assets
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.10%
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JNL/PIMCO Total Return Bond Fund
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All Assets
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.10%
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JNL/PPM America Floating Rate Income Fund
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All Assets
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.15%
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JNL/PPM America High Yield Bond Fund
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All Assets
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.10%
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JNL/PPM America Mid Cap Value Fund
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All Assets
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.10%
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JNL/PPM America Small Cap Value Fund
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All Assets
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.10%
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JNL/PPM America Value Equity Fund
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All Assets
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.10%
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JNL/Red Rocks Listed Private Equity Fund
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All Assets
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.15%
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JNL/▇. ▇▇▇▇ Price Established Growth Fund
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All Assets
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.10%
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JNL/▇. ▇▇▇▇ Price Mid-Cap Growth Fund
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All Assets
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.10%
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JNL/▇. ▇▇▇▇ Price Short-Term Bond Fund
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All Assets
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.10%
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JNL/▇. ▇▇▇▇ Price Value Fund
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All Assets
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.10%
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JNL/WMC Balanced Fund
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All Assets
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.10%
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JNL/WMC Money Market Fund
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All Assets
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.10%
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JNL/WMC Value Fund
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All Assets
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.10%
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JNL/S&P Managed Growth Fund
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All Assets
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.05%
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JNL/S&P Managed Conservative Fund
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All Assets
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.05%
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JNL/S&P Managed Moderate Growth Fund
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All Assets
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.05%
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JNL/S&P Managed Moderate Fund
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All Assets
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.05%
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JNL/S&P Managed Aggressive Growth Fund
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All Assets
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.05%
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JNL/S&P Competitive Advantage Fund
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All Assets
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.10%
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JNL/S&P Dividend Income & Growth Fund
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All Assets
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.10%
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JNL/S&P Intrinsic Value Fund
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All Assets
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.10%
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JNL/S&P Total Yield Fund
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All Assets
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.10%
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JNL/S&P S&P 4 Fund
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All Assets
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.05%
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JNL Disciplined Moderate Fund
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All Assets
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.05%
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JNL Disciplined Moderate Growth Fund
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All Assets
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.05%
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JNL Disciplined Growth Fund
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All Assets
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.05%
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B
1-4