EX-99.77Q1 OTHR EXHB 16 ex_77q1c.txt JNL SERIES TRUST AMENDMENT TO INVESTMENT ADVISORY AND MANAGEMENT AGREEMENT AMENDMENT TO INVESTMENT ADVISORY AND MANAGEMENT AGREEMENT BETWEEN JNL SERIES TRUST AND JACKSON NATIONAL ASSET MANAGEMENT, LLC This AMENDMENT is made as of May 1, 2010, by and between JNL SERIES TRUST, a Massachusetts business trust ("Trust") and JACKSON NATIONAL ASSET MANAGEMENT, LLC, a Michigan limited liability company ("Adviser"). WHEREAS, the Trust and the Adviser are parties to an Investment Advisory and Management Agreement dated January 31, 2001 ("Agreement"). WHEREAS, Capital Guardian Trust Company was replaced with Franklin Templeton Institutional, LLC as Investment Sub-Adviser for the JNL/Capital Guardian International Small Cap Fund, and the parties wish to amend Schedule A and Schedule B of the Agreement to remove the JNL/Capital Guardian International Small Cap Fund, and add the JNL/Franklin Templeton International Small Cap Growth Fund. WHEREAS, the parties also wish to amend Schedule A and Schedule B of the Agreement to add the following six new funds to the Trust: 1) JNL/American Funds Blue Chip Income and Growth Fund; 2) JNL/American Funds Global Bond Fund; 3) JNL/American Funds Global Small Capitalization Fund; 4) JNL/American Funds Growth-Income Fund; 5) JNL/American Funds International Fund; and 6) JNL/American Funds New World Fund. NOW THEREFORE, in consideration of the mutual covenants contained herein and for other good and valuable consideration, the Trust and the Advisor agree as follows: 1. Schedule A to the Agreement is hereby deleted and replaced in its entirety with Schedule A dated May 1, 2010, attached hereto. 2. Schedule B to the Agreement is hereby deleted and replaced in its entirety with Schedule B dated May 1, 2010, attached hereto. 3. This Amendment may be executed in two or more counterparts, which together shall constitute one document. IN WITNESS WHEREOF, the Advisor and the Trust have caused this Amendment to be executed as of this 1st day of May, 2010. JNL SERIES TRUST By: /s/ Susan S. Rhee Name: Susan S. Rhee Title: Vice President, Counsel, and Secretary JACKSON NATIONAL ASSET MANAGEMENT, LLC By: /s/ Mark D. Nerud Name: Mark D. Nerud Title: President SCHEDULE A DATED MAY 1, 2010 (List of Funds) -------------------------------------------------------------------------------- JNL/American Funds Blue Chip Income and Growth Fund JNL/American Funds Global Bond Fund JNL/American Funds Global Small Capitalization Fund JNL/American Funds Growth-Income Fund JNL/American Funds International Fund JNL/American Funds New World Fund JNL/AIM International Growth Fund JNL/AIM Large Cap Growth Fund JNL/AIM Global Real Estate Fund JNL/AIM Small Cap Growth Fund JNL/Capital Guardian U.S. Growth Equity Fund JNL/Capital Guardian Global Diversified Research Fund JNL/Capital Guardian Global Balanced Fund JNL/Credit Suisse Commodity Securities Fund JNL/Credit Suisse Long/Short Fund JNL/Eagle Core Equity Fund JNL/Eagle SmallCap Equity Fund JNL/Franklin Templeton Founding Strategy Fund JNL/Franklin Templeton Global Growth Fund JNL/Franklin Templeton Income Fund JNL/Franklin Templeton International Small Cap Growth Fund JNL/Franklin Templeton Mutual Shares Fund JNL/Franklin Templeton Small Cap Value Fund JNL/Goldman Sachs Core Plus Bond Fund JNL/Goldman Sachs Emerging Markets Debt Fund JNL/Goldman Sachs Mid Cap Value Fund JNL Institutional Alt 20 Fund JNL Institutional Alt 35 Fund JNL Institutional Alt 50 Fund JNL Institutional Alt 65 Fund JNL/Ivy Asset Strategy Fund JNL/JPMorgan International Value Fund JNL/JPMorgan MidCap Growth Fund JNL/JPMorgan U.S. Government & Quality Bond Fund JNL/Lazard Emerging Markets Fund JNL/Lazard Mid Cap Equity Fund JNL/M&G Global Basics Fund JNL/M&G Global Leaders Fund JNL/Mellon Capital Management Bond Index Fund JNL/Mellon Capital Management Global Alpha Fund JNL/Mellon Capital Management European 30 Fund JNL/Mellon Capital Management Index 5 Fund JNL/Mellon Capital Management International Index Fund JNL/Mellon Capital Management Pacific Rim 30 Fund JNL/Mellon Capital Management Small Cap Index Fund JNL/Mellon Capital Management 10 x 10 Fund JNL/Mellon Capital Management S&P 500 Index Fund JNL/Mellon Capital Management S&P 400 MidCap Index Fund JNL/Oppenheimer Global Growth Fund JNL/PAM Asia ex-Japan Fund JNL/PAM China-India Fund JNL/PIMCO Real Return Fund JNL/PIMCO Total Return Bond Fund JNL/PPM America High Yield Bond Fund JNL/PPM America Mid Cap Value Fund JNL/PPM America Small Cap Value Fund JNL/PPM America Value Equity Fund JNL/Red Rocks Listed Private Equity Fund JNL/Select Balanced Fund JNL/Select Money Market Fund JNL/Select Value Fund JNL/Select Value Fund JNL/T. Rowe Price Established Growth Fund JNL/T. Rowe Price Mid-Cap Growth Fund JNL/T. Rowe Price Short-Term Bond Fund JNL/T. Rowe Price Value Fund 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 JNL/S&P 4 Fund -------------------------------------------------------------------------------- SCHEDULE B DATED MAY 1, 2010 (Compensation) -------------------------------------------------------------------------------- FUND ASSETS ADVISORY FEE ---- ------ -------------------- (Annual Rate Based on Average Net Assets of each Fund) -------------------------------------------------------------------------------- JNL/American Funds Blue Chip $0 to $1 billion .70% Income and Growth Fund Over $1 billion .65% -------------------------------------------------------------------------------- JNL/American Funds Global Bond Fund $0 to $1 billion .70% Over $1 billion .65% -------------------------------------------------------------------------------- JNL/American Funds Global Small $0 to $1 billion .75% Capitalization Fund Over $1 billion .70% -------------------------------------------------------------------------------- JNL/American Funds Growth-Income Fund $0 to $1 billion .70% Over $1 billion .65% -------------------------------------------------------------------------------- JNL/American Funds International Fund $0 to $1 billion .85% Over $1 billion .80% -------------------------------------------------------------------------------- JNL/American Funds New World Fund $0 to $1 billion 1.05% Over $1 billion 1.00% -------------------------------------------------------------------------------- JNL/AIM International Growth Fund $0 to $150 million .70% $150 million to $500 million .65% Over $500 million .60% -------------------------------------------------------------------------------- JNL/AIM Large Cap Growth Fund $0 to $150 million .70% Over $150 million .65% -------------------------------------------------------------------------------- JNL/AIM Global Real Estate Fund $0 to $50 million .75% Over $50 million .70% -------------------------------------------------------------------------------- JNL/AIM Small Cap Growth Fund $0 to $300 million .85% Over $300 million .80% -------------------------------------------------------------------------------- JNL/Capital Guardian U.S. $0 to $150 million .70% Growth Equity Fund $150 million to $500 million .65% $500 million to $750 million .60% Over $750 million .55% -------------------------------------------------------------------------------- JNL/Capital Guardian Global $0 to $150 million .75% Diversified Research Fund $150 million to $500 million .70% $500 million to $750 million .65% Over $750 million .60% -------------------------------------------------------------------------------- JNL/Capital Guardian Global $0 to $500 million .65% Balanced Fund Over $500 million .60% -------------------------------------------------------------------------------- JNL/Credit Suisse $0 to $300 million .70% Commodity Securities Fund Over $300 million .60% -------------------------------------------------------------------------------- JNL/Credit Suisse Long/Short Fund $0 to $300 million .80% Over $300 million .75% -------------------------------------------------------------------------------- JNL/Eagle Core Equity Fund $0 to $100 million .65% $100 million to $300 million .60% Over $300 million .55% -------------------------------------------------------------------------------- JNL/Eagle SmallCap Equity Fund $0 to $100 million .75% $100 million to $500 million .70% Over $500 million .65% -------------------------------------------------------------------------------- JNL/Franklin Templeton All Assets 0% Founding Strategy Fund -------------------------------------------------------------------------------- JNL/Franklin Templeton $0 to $300 million .75% Global Growth Fund $300 million to $500 million .65% Over $500 million .60% -------------------------------------------------------------------------------- JNL/Franklin Templeton Income Fund $0 to $100 million .80% $100 million to $200 million .75% $200 million to $500 million .65% Over $500 million .60% -------------------------------------------------------------------------------- JNL/Franklin Templeton International $0 to $500 million .95% Small Cap Growth Fund Over $500 million .90% -------------------------------------------------------------------------------- JNL/Franklin Templeton Mutual $0 to $500 million .75% Shares Fund Over $500 million .70% -------------------------------------------------------------------------------- JNL/Franklin Templeton Small $0 to $200 million .85% Cap Value Fund $200 million to $500 million .77% Over $500 million .75% -------------------------------------------------------------------------------- JNL/Goldman Sachs Core $0 to $500 million .60% Plus Bond Fund Over $500 million .55% -------------------------------------------------------------------------------- JNL/Goldman Sachs Emerging $0 to $200 million .75% Markets Debt Fund Over $200 million .70% -------------------------------------------------------------------------------- JNL/Goldman Sachs Mid Cap Value Fund $0 to $100 million .75% Over $100 million .70% -------------------------------------------------------------------------------- JNL/Institutional Alt 20 Fund $0 to $500 million .15% Over $500 million .10% -------------------------------------------------------------------------------- JNL/Institutional Alt 35 Fund $0 to $500 million .15% Over $500 million .10% -------------------------------------------------------------------------------- JNL/Institutional Alt 50 Fund $0 to $500 million .15% Over $500 million .10% -------------------------------------------------------------------------------- JNL/Institutional Alt 65 Fund $0 to $500 million .15% Over $500 million .10% -------------------------------------------------------------------------------- JNL/Ivy Asset Strategy Fund $0 to $500 million .90% Over $500 million .85% -------------------------------------------------------------------------------- JNL/JPMorgan International $0 to $150 million .70% Value Fund $150 million to $500 million .65% Over $500 million .60% -------------------------------------------------------------------------------- JNL/JPMorgan MidCap Growth Fund $0 to $250 million .70% $250 million to $750 million .65% $750 million to $1,500 million .60% Over $1,500 million .55% -------------------------------------------------------------------------------- JNL/JPMorgan U.S. Government $0 to $150 million .50% & Quality Bond Fund $150 million to $300 million .45% $300 million to $500 million .40% Over $500 million .35% -------------------------------------------------------------------------------- JNL/Lazard Emerging Markets Fund $0 to $100 million 1.00% $100 million to $250 million .90% Over $250 million .85% -------------------------------------------------------------------------------- JNL/Lazard Mid Cap Equity Fund $0 to $50 million .75% $50 million to $250 million .70% Over $250 million .65% -------------------------------------------------------------------------------- JNL/M&G Global Basics Fund $0 to $500 million .85% Over $500 million .80% -------------------------------------------------------------------------------- JNL/M&G Global Leaders Fund $0 to $500 million .85% Over $500 million .80% -------------------------------------------------------------------------------- JNL/Mellon Capital Management $0 to $500 million .30% Bond Index Fund $500 million to $750 million .25% Over $750 million .24% -------------------------------------------------------------------------------- JNL/Mellon Capital Management $0 to $500 million 1.00% Global Alpha Fund Over $500 million .90% -------------------------------------------------------------------------------- JNL/Mellon Capital Management $0 to $50 million .37% European 30 Fund $50 to $100 million .31% Over $100 million .28% -------------------------------------------------------------------------------- JNL/Mellon Capital Management All assets 0% Index 5 Fund -------------------------------------------------------------------------------- JNL/Mellon Capital Management $0 to $500 million .30% International Index Fund $500 million to $750 million .25% Over $750 million .24% -------------------------------------------------------------------------------- JNL/Mellon Capital Management $0 to $50 million .37% Pacific Rim 30 Fund $50 to $100 million .31% Over $100 million .28% -------------------------------------------------------------------------------- JNL/Mellon Capital Management $0 to $500 million .29% Small Cap Index Fund $500 million to $750 million .24% Over $750 million .23% -------------------------------------------------------------------------------- JNL/Mellon Capital Management All assets 0% 10 x 10 Fund -------------------------------------------------------------------------------- JNL/Mellon Capital Management $0 to $500 million .29% S&P 500 Index Fund $500 million to $750 million .24% Over $750 million .23% ------------------------------------------------------------------------------- JNL/Mellon Capital Management $0 to $500 million .29% S&P 400 MidCap Index Fund $500 million to $750 million .24% Over $750 million .23% -------------------------------------------------------------------------------- JNL/Oppenheimer Global Growth Fund $0 to $300 million .70% Over $300 million .60% -------------------------------------------------------------------------------- JNL/PAM Asia ex-Japan Fund $0 to $500 million .90% Over $500 million .85% -------------------------------------------------------------------------------- JNL/PAM China-India Fund $0 to $500 million .90% Over $500 million .85% -------------------------------------------------------------------------------- JNL/PIMCO Real Return Fund $0 to $1 billion .50% Over $1 billion .475% -------------------------------------------------------------------------------- JNL/PIMCO Total Return Bond Fund All assets .50% -------------------------------------------------------------------------------- JNL/PPM America High Yield Bond Fund $0 to $150 million .50% $150 million to $500 million .45% Over $500 million .425% -------------------------------------------------------------------------------- JNL/PPM America Mid Cap Value Fund $0 to $500 million .75% Over $500 million .70% -------------------------------------------------------------------------------- JNL/PPM America Small Cap Value Fund $0 to $500 million .75% Over $500 million .70% -------------------------------------------------------------------------------- JNL/PPM America Value Equity Fund $0 to $300 million .55% Over $300 million .50% -------------------------------------------------------------------------------- JNL/Red Rocks Listed $0 to $200 million .85% Private Equity Fund Over $200 million .80% -------------------------------------------------------------------------------- JNL/Select Balanced Fund $0 to $50 million .55% $50 million to $150 million .50% $150 million to $300 million .475% $300 million to $500 million .45% Over $500 million .425% -------------------------------------------------------------------------------- JNL/Select Money Market Fund $0 to $500 million 0.28% Over $500 million 0.25% -------------------------------------------------------------------------------- JNL/Select Value Fund $0 to $300 million .55% $300 million to $500 million .50% Over $500 million .45% -------------------------------------------------------------------------------- JNL/T. Rowe Price $0 to $150 million .65% Established Growth Fund $150 to $500 million .60% Over $500 million .55% -------------------------------------------------------------------------------- JNL/T. Rowe Price Mid-Cap $0 to $150 million .75% Growth Fund Over $150 million .70% -------------------------------------------------------------------------------- JNL/T. Rowe Price $0 to $250 million .45% Short-Term Bond Fund Over $250 million .40% -------------------------------------------------------------------------------- JNL/T. Rowe Price Value Fund $0 to $150 million .70% $150 to $500 million .65% Over $500 million .60% -------------------------------------------------------------------------------- JNL/S&P Managed Growth Fund $0 to $500 million .13% Over $500 million .08% -------------------------------------------------------------------------------- JNL/S&P Managed Conservative Fund $0 to $500 million .13% Over $500 million .08% -------------------------------------------------------------------------------- JNL/S&P Managed Moderate Growth Fund $0 to $500 million .13% Over $500 million .08% -------------------------------------------------------------------------------- JNL/S&P Managed Moderate Fund $0 to $500 million .13% Over $500 million .08% -------------------------------------------------------------------------------- JNL/S&P Managed Aggressive $0 to $500 million .13% Growth Fund Over $500 million .08% -------------------------------------------------------------------------------- JNL/S&P Disciplined Moderate Fund $0 to $500 million .13% Over $500 million .08% -------------------------------------------------------------------------------- JNL/S&P Disciplined $0 to $500 million .13% Moderate Growth Fund Over $500 million .08% -------------------------------------------------------------------------------- JNL/S&P Disciplined Growth Fund $0 to $500 million .13% Over $500 million .08% -------------------------------------------------------------------------------- JNL/S&P Competitive Advantage Fund $0 to $500 million .40% Over $500 million .35% -------------------------------------------------------------------------------- JNL/S&P Dividend Income & Growth Fund $0 to $500 million .40% Over $500 million .35% -------------------------------------------------------------------------------- JNL/S&P Intrinsic Value Fund $0 to $500 million .40% Over $500 million .35% -------------------------------------------------------------------------------- JNL/S&P Total Yield Fund $0 to $500 million .40% Over $500 million .35% -------------------------------------------------------------------------------- JNL/S&P 4 Fund All Assets 0% --------------------------------------------------------------------------------