AMENDMENT
TO
INVESTMENT ADVISORY AND MANAGEMENT AGREEMENT
BETWEEN
JNL INVESTORS SERIES TRUST
AND
▇▇▇▇▇▇▇ NATIONAL ASSET MANAGEMENT, LLC
This Amendment is made as of December 29, 2008, between JNL Investors
Series Trust, a Massachusetts business trust (the "Trust") and ▇▇▇▇▇▇▇ National
Asset Management, LLC, a Michigan limited liability company (the "Adviser").
WHEREAS, the Trust and the Adviser are parties to an Investment Advisory
and Management Agreement dated November 1, 2005 ("Advisory Agreement").
WHEREAS, the Trust and the Adviser are currently in compliance and will
remain in compliance with their respective obligations under Rule 38a-1 under
the Investment Company Act of 1940, as amended relating to the Trust and Rule
206(4)-7 under the Investment Advisers Act of 1940, as amended relating to the
Adviser; and
WHEREAS, the parties wish to amend the Agreement in order to reflect the
addition of the following six new funds to the Trust: 1) ▇▇▇▇▇▇▇ Perspective
European 30 Fund; 2) ▇▇▇▇▇▇▇ Perspective Global Basics Fund; 3) ▇▇▇▇▇▇▇
Perspective Global Leaders Fund; 4) ▇▇▇▇▇▇▇ Perspective Pacific Rim 30 Fund; 5)
▇▇▇▇▇▇▇ Perspective Pan European Fund; and 6) ▇▇▇▇▇▇▇ Perspective Total Return
Fund.
NOW THEREFORE, in consideration of the mutual covenants contained herein
and for other good and valuable consideration, the Fund and the Adviser agree as
follows:
1. Schedule A to the Agreement is hereby deleted and replaced in its entirety
with Schedule A dated December 29, 2008, attached hereto.
2. Schedule B to the Agreement is hereby deleted and replaced in its entirety
with Schedule B dated December 29, 2008, attached hereto.
3. This Amendment may be executed in two or more counterparts which together
shall constitute one document.
JNL INVESTORS SERIES TRUST ▇▇▇▇▇▇▇ NATIONAL ASSET
MANAGEMENT, LLC
By: _______________________________ By: _______________________________
Name: ▇▇▇▇▇ ▇. ▇▇▇▇ Name: ▇▇▇▇ ▇. ▇▇▇▇▇
Title: Vice President, Counsel & Secretary Title: President
SCHEDULE A
DATED DECEMBER 29, 2008
(Funds)
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▇▇▇▇▇▇▇ Perspective Asia ex-Japan Fund
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▇▇▇▇▇▇▇ Perspective Asia Pacific ex-Japan Bond Fund
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▇▇▇▇▇▇▇ Perspective Asia ex-Japan Infrastructure Fund
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▇▇▇▇▇▇▇ Perspective Asian Pacific Real Estate Fund
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▇▇▇▇▇▇▇ Perspective China-India Fund
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▇▇▇▇▇▇▇ Perspective Core Equity Fund
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▇▇▇▇▇▇▇ Perspective Emerging Asia ex-Japan Fund
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▇▇▇▇▇▇▇ Perspective European 30 Fund
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▇▇▇▇▇▇▇ Perspective 5 Fund
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▇▇▇▇▇▇▇ Perspective Global Basics Fund
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▇▇▇▇▇▇▇ Perspective Global Leaders Fund
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▇▇▇▇▇▇▇ Perspective Index 5 Fund
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▇▇▇▇▇▇▇ Perspective Japan Fund
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▇▇▇▇▇▇▇ Perspective Large Cap Value Fund
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▇▇▇▇▇▇▇ Perspective Mid Cap Value Fund
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▇▇▇▇▇▇▇ Perspective Money Market Fund
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▇▇▇▇▇▇▇ Perspective Optimized 5 Fund
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▇▇▇▇▇▇▇ Perspective Pacific Rim 30 Fund
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▇▇▇▇▇▇▇ Perspective Pan European Fund
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▇▇▇▇▇▇▇ Perspective S&P 4 Fund
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▇▇▇▇▇▇▇ Perspective Small Cap Value Fund
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▇▇▇▇▇▇▇ Perspective 10 x 10 Fund
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▇▇▇▇▇▇▇ Perspective Total Return Fund
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▇▇▇▇▇▇▇ Perspective VIP Fund
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JNL Money Market Fund
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SCHEDULE B
DATED DECEMBER 29, 2008
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FUND ASSETS ADVISORY FEE
(ANNUAL RATE BASED ON
AVERAGE NET ASSETS OF EACH FUND)
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▇▇▇▇▇▇▇ Perspective Asia ex-Japan Fund $0 to $500 million 1.00%
Over $500 million 0.95%
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▇▇▇▇▇▇▇ Perspective Asia Pacific ex-Japan Bond Fund $0 to $500 million 0.80%
Over $500 million 0.75%
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▇▇▇▇▇▇▇ Perspective Asia ex-Japan Infrastructure Fund $0 to $500 million 1.00%
Over $500 million 0.95%
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▇▇▇▇▇▇▇ Perspective Asian Pacific Real Estate Fund $0 to $500 million 1.00%
Over $500 million 0.95%
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▇▇▇▇▇▇▇ Perspective China-India Fund $0 to $500 million 1.05%
Over $500 million 1.00%
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▇▇▇▇▇▇▇ Perspective Core Equity Fund $0 to $500 million 0.80%
Over $500 million 0.75%
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▇▇▇▇▇▇▇ Perspective Emerging Asia ex-Japan Fund $0 to $500 million 1.05%
Over $500 million 1.00%
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▇▇▇▇▇▇▇ Perspective European 30 Fund $0 to $250 million 0.65%
Over $250 million 0.60%
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▇▇▇▇▇▇▇ Perspective 5 Fund $0 to $50 million 0.65%
$50 to $100 million 0.65%
$100 to $250 million 0.65%
$250 million to $750 million 0.60%
Over $750 million 0.60%
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▇▇▇▇▇▇▇ Perspective Global Basics Fund $0 to $500 million 1.05%
Over $500 million 1.00%
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▇▇▇▇▇▇▇ Perspective Global Leaders Fund $0 to $500 million 1.05%
Over $500 million 1.00%
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▇▇▇▇▇▇▇ Perspective Index 5 Fund $0 to $50 million 0.65%
$50 to $100 million 0.65%
$100 to $250 million 0.65%
$250 million to $750 million 0.60%
Over $750 million 0.60%
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▇▇▇▇▇▇▇ Perspective Japan Fund $0 to $500 million 1.00%
Over $500 million 0.95%
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▇▇▇▇▇▇▇ Perspective Large Cap Value Fund $0 to $500 million 0.80%
Over $500 million 0.75%
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▇▇▇▇▇▇▇ Perspective Mid Cap Value Fund $0 to $500 million 0.85%
Over $500 million 0.80%
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▇▇▇▇▇▇▇ Perspective Money Market Fund $0 to $500 million 0.40%
Over $500 million 0.35%
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▇▇▇▇▇▇▇ Perspective Optimized 5 Fund $0 to $50 million 0.65%
$50 to $100 million 0.65%
$100 to $250 million 0.65%
$250 million to $750 million 0.60%
Over $750 million 0.60%
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▇▇▇▇▇▇▇ Perspective Pacific Rim 30 Fund $0 to $250 million 0.65%
Over $250 million 0.60%
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▇▇▇▇▇▇▇ Perspective Pan European Fund $0 to $500 million 1.05%
Over $500 million 1.00%
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▇▇▇▇▇▇▇ Perspective S&P 4 Fund $0 to $500 million 0.80%
Over $500 million 0.75%
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▇▇▇▇▇▇▇ Perspective Small Cap Value Fund $0 to $500 million 0.90%
Over $500 million 0.85%
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▇▇▇▇▇▇▇ Perspective 10 x 10 Fund All Assets 0%
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▇▇▇▇▇▇▇ Perspective Total Return Fund $0 to $500 million 0.65%
Over $500 million 0.60%
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▇▇▇▇▇▇▇ Perspective VIP Fund $0 to $250 million 0.65%
Over $250 million 0.60%
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JNL Money Market Fund $0 to $750 million 0.20%
Over $750 million 0.18%
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