AMENDMENT
TO
INVESTMENT SUB-ADVISORY AGREEMENT
BETWEEN
XXXXXXX NATIONAL ASSET MANAGEMENT, LLC
AND
MELLON CAPITAL MANAGEMENT CORPORATION
This AMENDMENT is made by and between XXXXXXX NATIONAL ASSET MANAGEMENT,
LLC, a Michigan limited liability company and registered investment adviser
("Adviser"), and MELLON CAPITAL MANAGEMENT CORPORATION, a Delaware corporation
and registered investment adviser ("Sub-Adviser").
WHEREAS, the Adviser and the Sub-Adviser entered into an Investment
Sub-Advisory Agreement dated as of February 18, 2004, as amended ("Agreement"),
whereby the Adviser appointed the Sub-Adviser to provide certain sub-investment
advisory services to JNL Series Trust ("Trust").
WHEREAS, the parties wish to amend the Agreement in order to add the
JNL/Mellon Capital Management Dow Xxxxx U.S. Contrarian Opportunities Index
Fund, pursuant to the appointment of the Sub-Adviser to provide certain
sub-investment advisory services to this new fund of the Trust.
WHEREAS, in order to reflect this fund addition, Schedule A and 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:
1. Schedule A to the Agreement is hereby deleted and replaced in its
entirety with Schedule A dated April 30, 2012, attached hereto.
2. Schedule B to the Agreement is hereby deleted and replaced in its
entirety with Schedule B dated April 30, 2012, attached hereto.
IN WITNESS WHEREOF, the Adviser and the Sub-Adviser have caused this
Amendment to be executed as of November 23, 2011, effective as of April 30,
2012.
XXXXXXX NATIONAL ASSET MANAGEMENT, LLC MELLON CAPITAL MANAGEMENT CORPORATION
By: /s/ Xxxx X. Xxxxx By: /s/ Xxxxx Xxx
------------------------------- ------------------------------
Name: Xxxx X. Xxxxx Name: Xxxxx Xxx
Title: President and CEO Title: Director
SCHEDULE A
APRIL 30, 2012
(Funds)
--------------------------------------------------------
JNL/Mellon Capital Management Bond Index Fund
--------------------------------------------------------
JNL/Mellon Capital Management Dow Xxxxx
U.S. Contrarian Opportunities Index Fund
--------------------------------------------------------
JNL/Mellon Capital Management Emerging Markets Index
Fund
--------------------------------------------------------
JNL/Mellon Capital Management European 30 Fund
--------------------------------------------------------
JNL/Mellon Capital Management Global Alpha Fund
--------------------------------------------------------
JNL/Mellon Capital Management International Index Fund
--------------------------------------------------------
JNL/Mellon Capital Management Pacific Rim 30 Fund
--------------------------------------------------------
JNL/Mellon Capital Management S&P 500 Index Fund
--------------------------------------------------------
JNL/Mellon Capital Management S&P 400 MidCap Index Fund
--------------------------------------------------------
JNL/Mellon Capital Management Small Cap Index Fund
--------------------------------------------------------
JNL/S&P Competitive Advantage Fund
--------------------------------------------------------
JNL/S&P Dividend Income & Growth Fund
--------------------------------------------------------
JNL/S&P Intrinsic Value Fund
--------------------------------------------------------
JNL/S&P Total Yield Fund
--------------------------------------------------------
JNL/X. Xxxx Price Mid-Cap Growth Fund
--------------------------------------------------------
A-1
SCHEDULE B
APRIL 30, 2012
(Compensation)
----------------------------------------------------
JNL/MELLON CAPITAL MANAGEMENT BOND INDEX FUND
----------------------------------------------------
AVERAGE DAILY NET ASSETS ANNUAL RATE
----------------------------------------------------
First $50 million 0.09%
----------------------------------------------------
Next $50 million 0.06%
----------------------------------------------------
$100 to $750 million 0.03%
----------------------------------------------------
Over $750 million 0.015%
----------------------------------------------------
----------------------------------------------------
JNL/MELLON CAPITAL MANAGEMENT DOW XXXXX
U.S. CONTRARIAN OPPORTUNITIES INDEX FUND
----------------------------------------------------
AVERAGE DAILY NET ASSETS ANNUAL RATE
----------------------------------------------------
First $50 million 0.09%
----------------------------------------------------
Next $50 million 0.06%
----------------------------------------------------
$100 to $750 million 0.03%
----------------------------------------------------
Over $750 million 0.015%
----------------------------------------------------
----------------------------------------------------
JNL/MELLON CAPITAL MANAGEMENT
EMERGING MARKETS INDEX FUND
----------------------------------------------------
AVERAGE DAILY NET ASSETS ANNUAL RATE
----------------------------------------------------
$0 to $50 million 0.09%
----------------------------------------------------
$50 to $100 million 0.06%
----------------------------------------------------
$100 to $750 million 0.03%
----------------------------------------------------
Over $750 million 0.015%
----------------------------------------------------
----------------------------------------------------
JNL/MELLON CAPITAL MANAGEMENT EUROPEAN 30 FUND
----------------------------------------------------
AVERAGE DAILY NET ASSETS ANNUAL RATE
----------------------------------------------------
$0 to $50 million 0.09%
----------------------------------------------------
$50 to $100 million 0.06%
----------------------------------------------------
$100 to $750 million 0.03%
----------------------------------------------------
Over $750 million 0.015%
----------------------------------------------------
B-1
----------------------------------------------------
JNL/MELLON CAPITAL MANAGEMENT GLOBAL ALPHA FUND
----------------------------------------------------
AVERAGE DAILY NET ASSETS ANNUAL RATE
----------------------------------------------------
$0 to $200 million 0.60%
----------------------------------------------------
$200 to $400 million 0.55%
----------------------------------------------------
$400 to $600 million 0.50%
----------------------------------------------------
$600 to $800 million 0.45%
----------------------------------------------------
$800 to $900 million 0.40%
----------------------------------------------------
Over $900 million 0.35%
----------------------------------------------------
----------------------------------------------------
JNL/MELLON CAPITAL MANAGEMENT INTERNATIONAL INDEX
FUND
----------------------------------------------------
AVERAGE DAILY NET ASSETS ANNUAL RATE
----------------------------------------------------
First $50 million 0.09%
----------------------------------------------------
Next $50 million 0.06%
----------------------------------------------------
$100 to $750 million 0.03%
----------------------------------------------------
Over $750 million 0.015%
----------------------------------------------------
----------------------------------------------------
JNL/Mellon Capital Management Pacific Rim 30 Fund
----------------------------------------------------
AVERAGE DAILY NET ASSETS ANNUAL RATE
----------------------------------------------------
$0 to $50 million 0.09%
----------------------------------------------------
$50 to $100 million 0.06%
----------------------------------------------------
$100 to $750 million 0.03%
----------------------------------------------------
Over $750 million 0.015%
----------------------------------------------------
----------------------------------------------------
JNL/Mellon Capital Management S&P 500 Index Fund
----------------------------------------------------
AVERAGE DAILY NET ASSETS ANNUAL RATE
----------------------------------------------------
First $50 million 0.09%
----------------------------------------------------
Next $50 million 0.06%
----------------------------------------------------
$100 to $750 million 0.03%
----------------------------------------------------
Over $750 million 0.015%
----------------------------------------------------
B-2
----------------------------------------------------
JNL/MELLON CAPITAL MANAGEMENT S&P 400 MIDCAP INDEX
FUND
----------------------------------------------------
AVERAGE DAILY NET ASSETS ANNUAL RATE
----------------------------------------------------
First $50 million 0.09%
----------------------------------------------------
Next $50 million 0.06%
----------------------------------------------------
$100 to $750 million 0.03%
----------------------------------------------------
Over $750 million 0.015%
----------------------------------------------------
----------------------------------------------------
JNL/MELLON CAPITAL MANAGEMENT SMALL CAP INDEX FUND
----------------------------------------------------
AVERAGE DAILY NET ASSETS ANNUAL RATE
----------------------------------------------------
First $50 million 0.09%
----------------------------------------------------
Next $50 million 0.06%
----------------------------------------------------
$100 to $750 million 0.03%
----------------------------------------------------
Over $750 million 0.015%
----------------------------------------------------
----------------------------------------------------
JNL/S&P COMPETITIVE ADVANTAGE FUND
----------------------------------------------------
AVERAGE DAILY NET ASSETS ANNUAL RATE
----------------------------------------------------
$0 to $100 million 0.06%
----------------------------------------------------
$100 to $750 million 0.03%
----------------------------------------------------
Over $750 million 0.015%
----------------------------------------------------
----------------------------------------------------
JNL/S&P DIVIDEND INCOME & GROWTH FUND
----------------------------------------------------
AVERAGE DAILY NET ASSETS ANNUAL RATE
----------------------------------------------------
$0 to $100 million 0.06%
----------------------------------------------------
$100 to $750 million 0.03%
----------------------------------------------------
Over $750 million 0.015%
----------------------------------------------------
----------------------------------------------------
JNL/S&P INTRINSIC VALUE FUND
----------------------------------------------------
AVERAGE DAILY NET ASSETS ANNUAL RATE
----------------------------------------------------
$0 to $100 million 0.06%
----------------------------------------------------
$100 to $750 million 0.03%
----------------------------------------------------
Over $750 million 0.015%
----------------------------------------------------
B-3
----------------------------------------------------
JNL/S&P TOTAL YIELD FUND
----------------------------------------------------
AVERAGE DAILY NET ASSETS ANNUAL RATE
----------------------------------------------------
$0 to $100 million 0.06%
----------------------------------------------------
$100 to $750 million 0.03%
----------------------------------------------------
Over $750 million 0.015%
----------------------------------------------------
----------------------------------------------------
JNL/X. XXXX PRICE MID-CAP GROWTH FUND*
----------------------------------------------------
AVERAGE DAILY NET ASSETS ANNUAL RATE
----------------------------------------------------
First $50 million 0.09%
----------------------------------------------------
Next $50 million 0.06%
----------------------------------------------------
$100 to $750 million 0.03%
----------------------------------------------------
Over $750 million 0.015%
----------------------------------------------------
*Fees will be paid based on assets invested in the
mid-cap growth index strategy portion of the JNL/X.
Xxxx Price Mid-Cap Growth Fund managed by Mellon
Capital Management Corporation.
B-4