EX-99.D 6 exd170_subsandp09282009.txt EX-99.D.169. SUB-ADVISORY AMENDMENT S&P 09-28-2009 EX-99.23(d)(170) AMENDMENT TO INVESTMENT SUB-ADVISORY AGREEMENT BETWEEN JACKSON NATIONAL ASSET MANAGEMENT, LLC AND STANDARD & POOR'S INVESTMENT ADVISORY SERVICES LLC This AMENDMENT is made by and between JACKSON 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 JNL Series Trust ("Trust"). WHEREAS, the parties wish to amend the Agreement in order to remove the following funds: 1) the JNL/S&P Retirement Income Fund, which is being merged into the JNL/S&P Managed Moderate Fund; 2) the JNL/S&P Retirement 2015 Fund, which is being merged into the JNL/S&P Managed Moderate Growth Fund; 3) the JNL/S&P Retirement 2020 Fund, which is being merged into the JNL/S&P Managed Growth Fund; and 4) the JNL/S&P Retirement 2025 Fund, which is being merged into the JNL/S&P Managed Growth Fund of the Trust. WHEREAS, in order to reflect the above-referenced Fund mergers, Schedule A and Schedule B to the Agreement must be amended to remove the merged funds. 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 September 28, 2009, attached hereto. 2. Schedule B to the Agreement is hereby deleted and replaced in its entirety with Schedule B dated September 28, 2009, attached hereto. IN WITNESS WHEREOF, the Adviser and the Sub-Adviser have caused this Amendment to be effective as of the 28th day of September, 2009. JACKSON NATIONAL ASSET STANDARD & POOR'S MANAGEMENT, LLC INVESTMENT ADVISORY SERVICES LLC By: /s/ Mark D. Nerud By: /s/ Robert Barriera Name: MARK D. NERUD Name: Robert Barriera Title: PRESIDENT Title: VICE PRESIDENT SCHEDULE A SEPTEMBER 28, 2009 (Funds) ---------------------------------------------------------------------------- JNL/S&P Managed Growth Fund ---------------------------------------------------------------------------- JNL/S&P Managed Conservative Fund ---------------------------------------------------------------------------- JNL/S&P Managed Moderate Growth Fund ---------------------------------------------------------------------------- JNL/S&P Managed Moderate Fund ---------------------------------------------------------------------------- JNL/S&P Managed Aggressive Growth Fund ---------------------------------------------------------------------------- JNL/S&P Disciplined Moderate Fund ---------------------------------------------------------------------------- JNL/S&P Disciplined Moderate Growth Fund ---------------------------------------------------------------------------- JNL/S&P Disciplined Growth 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 ---------------------------------------------------------------------------- SCHEDULE B SEPTEMBER 28, 2009 (Compensation) ---------------------------------------------------------------------------- FUNDS ---------------------------------------------------------------------------- JNL/S&P Managed Growth Fund ---------------------------------------------------------------------------- JNL/S&P Managed Conservative Fund ---------------------------------------------------------------------------- JNL/S&P Managed Moderate Growth Fund ---------------------------------------------------------------------------- JNL/S&P Managed Moderate Fund ---------------------------------------------------------------------------- JNL/S&P Managed Aggressive Growth Fund ---------------------------------------------------------------------------- JNL/S&P Disciplined Moderate Fund ---------------------------------------------------------------------------- JNL/S&P Disciplined Moderate Growth Fund ---------------------------------------------------------------------------- JNL/S&P Disciplined Growth Fund ---------------------------------------------------------------------------- ASSETS ANNUAL RATE ------------------------------------------------------- -------------------- ------------------------------------------------------- -------------------- $0 to $2.5 Billion 0.05% Over $2.5 Billion 0.04% ------------------------------------------------------- -------------------- THE ASSETS OF THE FUNDS ARE AGGREGATED FOR PURPOSES OF CALCULATING THE SUB-ADVISORY FEE. ---------------------------------------------------------------------------- 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 ------------------------------------------------------- -------------------- ASSETS ANNUAL RATE ------------------------------------------------------- -------------------- ------------------------------------------------------- -------------------- $0 to $1Billion 0.08% Next $2 Billion 0.07% Over $3 Billion 0.05% ------------------------------------------------------- -------------------- THE ASSETS OF THE FUNDS ARE AGGREGATED FOR PURPOSES OF CALCULATING THE SUB-ADVISORY FEE.