1
EX-99.B5-o
AMENDMENT
TO
AMENDED INVESTMENT ADVISORY AND MANAGEMENT AGREEMENT
BETWEEN
JNL SERIES TRUST
AND
XXXXXXX NATIONAL FINANCIAL SERVICES, INC.
This AMENDMENT is by and between JNL Series Trust, a Massachusetts
business trust (the "Trust") and Xxxxxxx National Financial Services, Inc., a
Delaware corporation (the "Adviser").
WHEREAS, the Trust and the Adviser entered into an Amended Investment
Advisory and Management Agreement dated August 17, 1995 (the "Agreement"),
whereby the Trust retained the Adviser to perform investment advisory and
management services for the Series of the Trust enumerated in the Agreement;
and
WHEREAS, eight new Series will be added to the Trust effective January 1,
1998, and the Trust desires the Adviser to perform investment advisory and
management services for these Series of the Trust; and
WHEREAS, the Adviser agrees to serve as the investment adviser and
business manager for the above-referenced Series of the Trust on the terms and
conditions set forth in the Agreement.
NOW THEREFORE, in consideration of the mutual covenants contained herein
and for other good and valuable consideration, the Trust and the Adviser agree
as follows:
1. Effective January 1, 1998, the Adviser shall serve as the investment
adviser and business manager for the JNL/Alliance Growth Series, JNL/JPM
International & Emerging Markets Series, JNL/PIMCO Total Return Bond Series,
Xxxxxxx Xxxxx/JNL Growth & Income Series, Lazard/JNL Small Cap Value Series,
Lazard/JNL Mid Cap Value Series, Salomon Brothers/JNL Balanced Series and
Salomon Brothers/JNL High Yield Bond Series.
2. As compensation for services performed and the facilities and
personnel provided by the Adviser under the Agreement, the Trust will pay to
the Adviser, promptly after the end of each month for the services rendered by
the Adviser during the preceding month, the sum of the following amounts:
1
2
(*M = Million)
$0 to $50 to $100 to $150 to $200 to $250 to $300 to $350 to Over
Series $50 M $100 M $150 M $200 M $250 M $300 M $350 M $500 M $500 M
JNL/Alliance Growth
Series .775% .775% .775% .775% .775% .70% .70% .70% .70%
JNL/JPM
International &
Emerging Markets
Series .975% .95% .95% .95% .90% .90% .90% .85% .85%
JNL/PIMCO Total
Return Bond Series .70% .70% .70% .70% .70% .70% .70% .70% .70%
Xxxxxxx Xxxxx/JNL
Growth & Income
Series .925% .90% .90% .90% .85% .85% .85% .80% .80%
Lazard/JNL Small
Cap Value Series 1.05% 1.00% 1.00% .975% .975% .975% .925% .925% .925%
Lazard/JNL Mid Cap
Value Series .975% .975% .975% .925% .925% .925% .90% .90% .90%
Salomon
Brothers/JNL
Balanced Series .80% .75% .70% .70% .70% .70% .70% .70% .70%
Salomon
Brothers/JNL High
Yield Bond Series .80% .75% .70% .70% .70% .70% .70% .70% .70%
3. The Trust and the Adviser agree to abide and be bound by all of the
terms and conditions set forth in the Agreement.
2
3
IN WITNESS WHEREOF, the Trust and the Adviser have caused this Agreement
to be executed by their duly authorized officers as of the ____ day of
_______________, 1997.
JNL SERIES TRUST
By:
-----------------
Name: Xxxxxx X. Xxxxxxx
-----------------
Title: President
------------------
XXXXXXX NATIONAL FINANCIAL
SERVICES, INC.
By:
-----------------
Name: Xxxxxx X. Xxxxx
-----------------
Title: Vice President
-----------------
3
