Amendment to Investment Sub-Advisory Agreement Between Jackson National Asset Management, LLC and Red Rocks Capital LLC
EX-99.23(d)(190)
Amendment
to
Investment Sub-Advisory Agreement
Between
Xxxxxxx National Asset Management, LLC
and
Red Rocks Capital LLC
This Amendment is made by and between Xxxxxxx National Asset Management, LLC, a Michigan limited liability company and registered investment adviser (“Adviser”), and Red Rocks Capital LLC, a Colorado 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 October 6, 2008 (“Agreement”), whereby Adviser appointed Sub-Adviser to provide certain sub-investment advisory services to certain investment portfolios of the 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-Advisor 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 parties have agreed to fee reductions for the JNL/Red Rocks Listed Private Equity Fund, and Schedule B of the Agreement must be amended to reflect these fee reductions.
Now Therefore, in consideration of the mutual covenants herein contained, the parties hereby agree to amend the Agreement as follows:
1.
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Schedule B to the Agreement is hereby deleted and replaced in its entirety with Schedule B dated May 1, 2010, attached hereto.
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In Witness Whereof, the Adviser and the Sub-Adviser have caused this Amendment to be executed as of this 1st day of May, 2010.
Xxxxxxx National Asset Management, LLC
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Red Rocks Capital LLC
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By: /s/ Xxxx X. Xxxxx
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By: /s/ Xxxx Xxxxxxx
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Name: Xxxx X. Xxxxx
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Name: Xxxx Xxxxxxx
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Title: President
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Title: Managing Director
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Schedule B
May 1, 2010
(Compensation)
JNL/Red Rocks Listed Private Equity 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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0.57%
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$200 to $500 Million
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0.52%
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Amounts over $500 Million
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0.47%
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