EX-99.23(d)(165)
AMENDMENT
TO
INVESTMENT SUB-ADVISORY AGREEMENT
BETWEEN
XXXXXXX NATIONAL ASSET MANAGEMENT, LLC
AND
STANDARD & POOR'S INVESTMENT ADVISORY SERVICES LLC
This AMENDMENT is made by and between XXXXXXX NATIONAL ASSET MANAGEMENT,
LLC, a Michigan limited liability company and registered investment adviser
("Adviser"), and STANDARD & POOR'S INVESTMENT ADVISORY SERVICES LLC, a Delaware
corporation and registered investment adviser ("Sub-Adviser").
WHEREAS, the Adviser and Sub-Adviser entered into an Investment
Sub-Advisory Agreement dated as of January 31, 2001 ("Agreement"), whereby
Adviser appointed Sub-Adviser to provide certain sub-investment advisory
services to the investment portfolios of the JNL Series Trust ("Trust").
WHEREAS, the parties wish to amend the Agreement in order to delete the
following funds: 1) the JNL/S&P Growth Retirement Strategy Fund, which is being
merged into the JNL/S&P Disciplined Growth Fund of the Trust; 2) the JNL/S&P
Moderate Growth Retirement Strategy Fund, which is being merged into the JNL/S&P
Disciplined Moderate Growth Fund of the Trust; and 3) JNL/S&P Moderate
Retirement Strategy Fund, which is being merged into the JNL/S&P Disciplined
Moderate Fund of the Trust.
WHEREAS, the parties have agreed to amend the fee structure for some of the
JNL/S&P Funds; and
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 6, 2009, attached hereto.
2. Schedule B to the Agreement is hereby deleted and replaced in its entirety
with Schedule B dated April 6, 2009, attached hereto.
IN WITNESS WHEREOF, the Adviser and the Sub-Adviser have caused this
Amendment to be effective as of the 6th day of April, 2009.
XXXXXXX NATIONAL ASSET STANDARD & POOR'S
MANAGEMENT, LLC INVESTMENT ADVISORY SERVICES LLC
By: /s/ Xxxx X. Xxxxx By: /s/ Xxxxxx Xxxxxxxx
Name: XXXX X. XXXXX Name: XXXXXX XXXXXXXX
Title: PRESIDENT Title: MANAGING DIRECT, EQUITY RESEARCH
Date: 03/23/2009 Date: 03/24/2009
SCHEDULE A
APRIL 6, 2009
(Funds)
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JNL/S&P Managed Growth Fund
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JNL/S&P Managed Conservative Fund
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JNL/S&P Managed Moderate Growth Fund
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JNL/S&P Managed Moderate Fund
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JNL/S&P Managed Aggressive Growth Fund
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JNL/S&P Retirement Income Fund
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JNL/S&P Retirement 2015 Fund
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JNL/S&P Retirement 2020 Fund
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JNL/S&P Retirement 2025 Fund
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JNL/S&P Disciplined Moderate Fund
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JNL/S&P Disciplined Moderate Growth Fund
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JNL/S&P Disciplined Growth Fund
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JNL/S&P Competitive Advantage Fund
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JNL/S&P Dividend Income & Growth Fund
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JNL/S&P Intrinsic Value Fund
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JNL/S&P Total Yield Fund
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SCHEDULE B
April 6, 2009
(Compensation)
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FUNDS
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JNL/S&P Managed Growth Fund
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JNL/S&P Managed Conservative Fund
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JNL/S&P Managed Moderate Growth Fund
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JNL/S&P Managed Moderate Fund
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JNL/S&P Managed Aggressive Growth Fund
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JNL/S&P Retirement Income Fund
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JNL/S&P Retirement 2015 Fund
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JNL/S&P Retirement 2020 Fund
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JNL/S&P Retirement 2025 Fund
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JNL/S&P Disciplined Moderate Fund
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JNL/S&P Disciplined Moderate Growth Fund
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JNL/S&P Disciplined Growth Fund
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ASSETS ANNUAL RATE
$0 to $2.5 Billion 0.05%
Over $2.5 Billion 0.04%
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THE ASSETS OF THE FUNDS ARE AGGREGATED FOR PURPOSES OF
CALCULATING THE SUB-ADVISORY FEE.
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JNL/S&P Competitive Advantage Fund
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JNL/S&P Dividend Income & Growth Fund
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JNL/S&P Intrinsic Value Fund
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JNL/S&P Total Yield Fund
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ASSETS ANNUAL RATE
$0 to $1Billion 0.08%
Next $2 Billion 0.07%
Over $3 Billion 0.05%
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THE ASSETS OF THE FUNDS ARE AGGREGATED FOR PURPOSES OF
CALCULATING THE SUB-ADVISORY FEE.
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