EX-99.23(d)(162)
AMENDMENT
TO
INVESTMENT SUB-ADVISORY AGREEMENT
BETWEEN
XXXXXXX NATIONAL ASSET MANAGEMENT, LLC
AND
LAZARD ASSET MANAGEMENT LLC
This AMENDMENT is made by and between XXXXXXX NATIONAL ASSET MANAGEMENT,
LLC, a Michigan limited liability company and registered investment adviser
("Adviser"), and LAZARD ASSET MANAGEMENT LLC, a Delaware limited liability
company and registered investment adviser ("Sub-Adviser").
WHEREAS, the Adviser and Sub-Adviser entered into an Investment
Sub-Advisory Agreement dated as of January 31, 2001 ("Agreement"), whereby
Adviser appointed Sub-Adviser to provide certain sub-investment advisory
services to the investment portfolios of JNL Series Trust; and
WHEREAS, the parties wish to amend the Agreement in order to delete the
JNL/Lazard Small Cap Equity Fund, which is being merged into the JNL/Mellon
Capital Management Small Cap Index Fund of JNL Series Trust.
NOW THEREFORE, in consideration of the mutual covenants herein contained,
the parties hereby agree to amend the Agreement as follows:
1. Schedule A to the Agreement is hereby deleted and replaced in its
entirety with Schedule A dated April 6, 2009, attached hereto.
2. Schedule B to the Agreement is hereby deleted and replaced in its
entirety with Schedule B dated April 6, 2009, attached hereto.
IN WITNESS WHEREOF, the Adviser and the Sub-Adviser have caused this
Amendment to be executed as of this 6th day of April, 2009.
XXXXXXX NATIONAL ASSET LAZARD ASSET MANAGEMENT LLC
MANAGEMENT, LLC
By: By:
Name: XXXX X. XXXXX Name:
Title: PRESIDENT Title:
SCHEDULE A
APRIL 6, 2009
(Funds)
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JNL/Lazard Emerging Markets Fund
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JNL/Lazard Mid Cap Equity Fund
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SCHEDULE B
APRIL 6, 2009
(Compensation)
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JNL/LAZARD EMERGING MARKETS FUND
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AVERAGE DAILY NET ASSETS ANNUAL RATE
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$0 to $50 Million 0.75%
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$50 to $200 Million 0.65%
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Over $200 Million 0.60%
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JNL/LAZARD MID CAP EQUITY FUND
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AVERAGE DAILY NET ASSETS ANNUAL RATE
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$0 to $250 Million 0.45%
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Over $250 Million 0.40%
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