EX-99.D ADVSR CONTR 8 exd184_lazardsubam01012010.htm EXHIBIT (D)(184) LAZARD SUB-ADVISORY AMENDMENT 01-01-2010 exd184_lazardsubam01012010.htm
EX-99.23(d)(184)
 



Amendment
to
Investment Sub-Advisory Agreement
between
Jackson National Asset Management, LLC
and
Lazard Asset Management LLC


This Amendment is made by and between Jackson National Asset Management, LLC, a Michigan limited liability company and registered investment adviser (“Adviser”), and Lazard Asset Management LLC, a Delaware limited liability company 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; and

Whereas, pursuant to the Agreement, the Adviser agreed to pay the Sub-Adviser for the services provided and the expenses assumed by the Sub-Advisor 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/Lazard Emerging Markets 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 January 1, 2010, attached hereto.

In Witness Whereof, the Adviser and the Sub-Adviser have caused this Amendment to be executed as of this 1st day of January, 2010.
 
Jackson National Asset Management, LLC
 
Lazard Asset Management LLC
By:        /s/ Mark D. Nerud
By:         /s/ Charles L. Carroll
Name:  Mark D. Nerud
Name:    Charles L. Carroll
Title:    President
Title:      Deputy Chairman
 
 
 

 
Schedule B
January 1, 2010
(Compensation)

 
JNL/Lazard Emerging Markets Fund
 
Average Daily Net Assets
Annual Rate
 
$0 to $50 Million
 
 
0.75%
 
$50 to $200 Million
 
 
0.65%
 
$200 to $700 Million
 
 
0.60%
 
Amounts Over $700 Million
 
 
0.55%

 
JNL/Lazard Mid Cap Equity Fund
 
Average Daily Net Assets
Annual Rate
 
$0 to $250 Million
 
 
0.45%
 
Amounts Over $250 Million
 
 
0.40%