EX-99.23(d)(176)
AMENDMENT
TO
INVESTMENT SUB-ADVISORY AGREEMENT
BETWEEN
XXXXXXX NATIONAL ASSET MANAGEMENT, LLC
AND
FRANKLIN ADVISERS, INC.
This AMENDMENT is made by and between XXXXXXX NATIONAL ASSET MANAGEMENT,
LLC, a Michigan limited liability company and registered investment adviser
("Adviser"), and FRANKLIN ADVISERS, INC., a California corporation and
registered investment adviser ("Sub-Adviser").
WHEREAS, the Adviser and Sub-Adviser entered into an Investment
Sub-Advisory Agreement dated as of May 1, 2006 ("Agreement"), whereby Adviser
appointed Sub-Adviser to provide sub-investment advisory services to a certain
investment portfolio 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-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, in order to effectuate a fee reduction for the JNL/Franklin
Xxxxxxxxx Income Fund, Schedule B 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 B to the Agreement is hereby deleted and replaced in its
entirety with Schedule B dated June 15, 2009, attached hereto.
IN WITNESS WHEREOF, the Adviser and the Sub-Adviser have caused this
Amendment to be executed as of this 15th day of June, 2009.
XXXXXXX NATIONAL ASSET MANAGEMENT, LLC FRANKLIN ADVISERS, INC.
By: /s/ Xxxx X. Xxxxx By: /s/ Xxxxxx X. Xxxxxxxx
Name: XXXX X. XXXXX Name: Xxxxxx X. Xxxxxxxx
Title: PRESIDENT Title: President
SCHEDULE B
JUNE 15, 2009
(Compensation)
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JNL/FRANKLIN XXXXXXXXX INCOME FUND
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AVERAGE DAILY NET ASSETS ANNUAL RATE*
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$0 to $50 Million 0.625%
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$50 Million to $200 Million 0.465%
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$200 Million to $500 Million 0.375%
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Amounts over $500 Million 0.350%
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* For purposes of determining the monthly sub-advisory fee rate pursuant to this
Schedule B, the assets of the JNL/Franklin Xxxxxxxxx Income Fund shall be
aggregated with the assets of the JNL/Franklin Xxxxxxxxx Global Growth Fund.
Such aggregated assets will be applied to the above schedule and the resulting
effective rate shall be applied to the actual assets of the JNL/Franklin
Xxxxxxxxx Income Fund to determine the monthly sub-advisory fee. Such
aggregation of assets shall NOT be applied to the actual assets of the
JNL/Franklin Xxxxxxxxx Global Growth Fund to determine the monthly sub-advisory
fee rate for that fund, which is governed by the Investment Sub-Advisory
Agreement for that Fund.