Amendment to Investment Sub-Advisory Agreement Between Jackson national Asset Management, LLC and Goldman Sachs Asset Management, L.P.
EX 99.28(d)(205)
Amendment
to
Investment Sub-Advisory Agreement
Between
Xxxxxxx national Asset Management, LLC
and
Xxxxxxx Sachs Asset Management, L.P.
This Amendment is made by and between Xxxxxxx National Asset Management, LLC, a Michigan limited liability company and registered investment adviser (“Adviser”), and Xxxxxxx Sachs Asset Management, L.P., a limited partnership organized under the laws of the state of Delaware and registered investment adviser (“Sub-Adviser”).
Whereas, the Adviser and Sub-Adviser entered into an Investment Sub-Advisory Agreement dated as of May 2, 2005 (as amended, the “Agreement”), whereby Adviser appointed Sub-Adviser to provide certain sub-investment advisory services to investment portfolios of JNL Series Trust.
Whereas, pursuant to the Agreement, the Adviser agreed to pay the Sub-Adviser for the services provided and the expenses assumed by the Sub-Adviser a sub-advisory fee as set forth on Schedule B to the Agreement, and the Sub-Adviser agreed to accept such sub-advisory fee as full compensation under the Agreement for such services and expenses.
Whereas, the Adviser and Sub-Adviser have agreed to a fee reduction for the JNL/Xxxxxxx Xxxxx Emerging Markets Debt Fund.
Whereas, in order to reflect this fee reduction, 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 B to the Agreement is hereby deleted and replaced in its entirety with Schedule B dated May 24, 2011, attached hereto.
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In Witness Whereof, the Adviser and the Sub-Adviser have caused this Amendment to be executed as of June 15, 2011, effective as of May 24, 2011.
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Xxxxxxx National Asset Management, LLC
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Xxxxxxx Xxxxx Asset Management, L.P.
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By: /s/ Xxxx X. Xxxxx
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By: /s/ Xxxxx X. X'Xxxxx
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Name: Xxxx X. Xxxxx
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Name: Xxxxx X. X'Xxxxx
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Title: President and CEO
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Title: Managing Director
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Schedule B
Dated May 24, 2011
(Compensation)
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JNL/Xxxxxxx Sachs Core Plus Bond Fund
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Average Daily Net Assets
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Annual Rate
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$0 to $500 Million
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.25%
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$500 Million to $1 Billion
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.17%
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Amounts over $1 Billion
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.15%
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JNL/Xxxxxxx Xxxxx Emerging
Markets Debt 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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.50%
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$200 Million to $1 Billion
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.45%
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Amounts over $1Billion
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.40%
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JNL/Xxxxxxx Sachs Mid Cap 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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.50%
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Amounts over $100 Million
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.45%
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JNL/Xxxxxxx Xxxxx U.S. Equity Flex Fund
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Average Daily Net Assets
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Annual Rate
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$0 to $150 Million
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.45%
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Amounts over $150 Million
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.40%
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B-1
