EX-99.D ADVSR CONTR 4 exd2ix_mellonsubam0422015.htm Unassociated Document
EX. 99.28(d)(2)(ix)
Amendment
to Amended and Restated
Investment Sub-Advisory Agreement Between
Jackson National Asset Management, LLC
and Mellon Capital Management Corporation

This Amendment is made by and between Jackson 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 Sub-Adviser entered into an Amended and Restated Investment Sub-Advisory Agreement effective as of the 1st day of December, 2012, as amended February 20, 2013, April 29, 2013, May 30, 2013, September 16, 2013, December 17, 2013, June 4, 2014 and September 15, 2014 (“Agreement”), whereby the Adviser appointed the Sub-Adviser to provide certain sub-investment advisory services to certain funds of JNL Variable Fund LLC, as listed on Schedule A to the Agreement.

Whereas, pursuant to the mergers of the following two funds of JNL Variable Fund LLC into other funds of JNL Variable Fund LLC, the Adviser and the Sub-Adviser have agreed to amend Schedule A and Schedule B of the Agreement to remove each of the following funds:

JNL/Mellon Capital Value Line® 30 Fund; and
JNL/Mellon Capital JNL Optimized 5 Fund.

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 27, 2015, attached hereto.

2.
Schedule B to the Agreement is hereby deleted and replaced in its entirety with Schedule B dated April 27, 2015, attached hereto.

This Amendment may be executed in one or more counterparts, which together shall constitute one document.

In Witness Whereof, the Adviser and the Sub-Adviser have caused this Amendment to be executed as of this 20th day of March 2015, effective April 27, 2015.
 
Jackson National Asset Management, LLC  
Mellon Capital Management Corporation
     
By:    /s/ Mark D. Nerud   By:  /s/Rose Huening-Clark
Name:  Mark D. Nerud   Name:  Rose Huening-Clark
Title:   President and CEO   Title:  Managing Director
 
 
Schedule A
Dated April 27, 2015 
 
 
Funds
JNL/Mellon Capital DowSM 10 Fund
JNL/Mellon Capital Global 15 Fund
JNL/Mellon Capital Nasdaq® 25 Fund
JNL/Mellon Capital S&P® 24 Fund
JNL/Mellon Capital S&P® SMid 60 Fund
JNL/Mellon Capital 25 Fund
JNL/Mellon Capital JNL 5 Fund
JNL/Mellon Capital Communications Sector Fund
JNL/Mellon Capital Consumer Brands Sector Fund
JNL/Mellon Capital Financial Sector Fund
JNL/Mellon Capital Healthcare Sector Fund
JNL/Mellon Capital Oil & Gas Sector Fund
JNL/Mellon Capital Technology Sector Fund
 
 
A-1
 
Schedule B
Dated April 27, 2015
(Compensation) 
 
 
JNL/Mellon Capital DowSM 10 Fund
Average Daily Net Assets
Annual Rate
First $50 million
0.09%
Next $50 million
0.06%
$100 million to $750 million
0.03%
Amounts over $750 Million
0.015%
 
 
 
JNL/Mellon Capital Global 15 Fund
Average Daily Net Assets
Annual Rate
First $50 million
0.09%
Next $50 million
0.06%
$100 million to $750 million
0.03%
Amounts over $750 Million
0.015%
 
 
 
JNL/Mellon Capital Nasdaq® 25 Fund
Average Daily Net Assets
Annual Rate
First $50 million
0.09%
Next $50 million
0.06%
$100 million to $750 million
0.03%
Amounts over $750 Million
0.015%
 
 
 
JNL/Mellon Capital S&P® 24 Fund
Average Daily Net Assets
Annual Rate
First $50 million
0.09%
Next $50 million
0.06%
$100 million to $750 million
0.03%
Amounts over $750 Million
0.015%
 
 
B-1
 
 
JNL/Mellon Capital S&P® SMid 60 Fund
Average Daily Net Assets
Annual Rate
First $50 million
0.09%
Next $50 million
0.06%
$100 million to $750 million
0.03%
Amounts over $750 Million
0.015%
 
 
 
JNL/Mellon Capital 25 Fund
Average Daily Net Assets
Annual Rate
First $50 million
0.09%
Next $50 million
0.06%
$100 million to $750 million
0.03%
Amounts over $750 Million
0.015%
 
 
 
JNL/Mellon Capital JNL 5 Fund
Average Daily Net Assets
Annual Rate
First $50 million
0.09%
Next $50 million
0.06%
$100 million to $750 million
0.03%
Amounts over $750 Million
0.015%
 
 
 
JNL/Mellon Capital Communications Sector Fund
Average Daily Net Assets
Annual Rate
First $50 million
0.09%
Next $50 million
0.06%
$100 million to $750 million
0.03%
Amounts over $750 Million
0.015%
 
 
B-2
 
 
JNL/Mellon Capital Consumer Brands Sector Fund
Average Daily Net Assets
Annual Rate
First $50 million
0.09%
Next $50 million
0.06%
$100 million to $750 million
0.03%
Amounts over $750 Million
0.015%
 
 
 
JNL/Mellon Capital Financial Sector Fund
Average Daily Net Assets
Annual Rate
First $50 million
0.09%
Next $50 million
0.06%
$100 million to $750 million
0.03%
Amounts over $750 Million
0.015%
 

 
JNL/Mellon Capital Healthcare Sector Fund
Average Daily Net Assets
Annual Rate
First $50 million
0.09%
Next $50 million
0.06%
$100 million to $750 million
0.03%
Amounts over $750 Million
0.015%
 

 
JNL/Mellon Capital Oil & Gas Sector Fund
Average Daily Net Assets
Annual Rate
First $50 million
0.09%
Next $50 million
0.06%
$100 million to $750 million
0.03%
Amounts over $750 Million
0.015%
 

B-3

 
JNL/Mellon Capital Technology Sector Fund
Average Daily Net Assets
Annual Rate
First $50 million
0.09%
Next $50 million
0.06%
$100 million to $750 million
0.03%
Amounts over $750 Million
0.015%
 
 
 
B-4