EX-99.77Q1 OTHR EXHB 8 ex77q1e.txt JNL SERIES TRUST AMENDMENT TO INVESTMENT SUB-ADVISORY AGREEMENT AMENDMENT TO 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 the Sub-Adviser entered into an Investment Sub-Advisory Agreement dated as of February 18, 2004, as amended ("Agreement"), whereby the Adviser appointed the Sub-Adviser to provide certain sub-investment advisory services to JNL Series Trust ("Trust"). WHEREAS, the parties wish to amend the Agreement in order to add the JNL/Mellon Capital Management Dow Jones U.S. Contrarian Opportunities Index Fund, pursuant to the appointment of the Sub-Adviser to provide certain sub-investment advisory services to this new fund of the Trust. WHEREAS, in order to reflect this fund addition, Schedule A and Schedule B to the Agreement 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 A to the Agreement is hereby deleted and replaced in its entirety with Schedule A dated April 30, 2012, attached hereto. 2. Schedule B to the Agreement is hereby deleted and replaced in its entirety with Schedule B dated April 30, 2012, attached hereto. IN WITNESS WHEREOF, the Adviser and the Sub-Adviser have caused this Amendment to be executed as of November 23, 2011, effective as of April 30, 2012. JACKSON NATIONAL ASSET MANAGEMENT, LLC MELLON CAPITAL MANAGEMENT CORPORATION By: /s/ Mark D. Nerud By: /s/ Janet Lee ------------------------------- ------------------------------ Name: Mark D. Nerud Name: Janet Lee Title: President and CEO Title: Director SCHEDULE A APRIL 30, 2012 (Funds) -------------------------------------------------------- JNL/Mellon Capital Management Bond Index Fund -------------------------------------------------------- JNL/Mellon Capital Management Dow Jones U.S. Contrarian Opportunities Index Fund -------------------------------------------------------- JNL/Mellon Capital Management Emerging Markets Index Fund -------------------------------------------------------- JNL/Mellon Capital Management European 30 Fund -------------------------------------------------------- JNL/Mellon Capital Management Global Alpha Fund -------------------------------------------------------- JNL/Mellon Capital Management International Index Fund -------------------------------------------------------- JNL/Mellon Capital Management Pacific Rim 30 Fund -------------------------------------------------------- JNL/Mellon Capital Management S&P 500 Index Fund -------------------------------------------------------- JNL/Mellon Capital Management S&P 400 MidCap Index Fund -------------------------------------------------------- JNL/Mellon Capital Management Small Cap Index 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/T. Rowe Price Mid-Cap Growth Fund -------------------------------------------------------- A-1 SCHEDULE B APRIL 30, 2012 (Compensation) ---------------------------------------------------- JNL/MELLON CAPITAL MANAGEMENT BOND INDEX FUND ---------------------------------------------------- AVERAGE DAILY NET ASSETS ANNUAL RATE ---------------------------------------------------- First $50 million 0.09% ---------------------------------------------------- Next $50 million 0.06% ---------------------------------------------------- $100 to $750 million 0.03% ---------------------------------------------------- Over $750 million 0.015% ---------------------------------------------------- ---------------------------------------------------- JNL/MELLON CAPITAL MANAGEMENT DOW JONES U.S. CONTRARIAN OPPORTUNITIES INDEX FUND ---------------------------------------------------- AVERAGE DAILY NET ASSETS ANNUAL RATE ---------------------------------------------------- First $50 million 0.09% ---------------------------------------------------- Next $50 million 0.06% ---------------------------------------------------- $100 to $750 million 0.03% ---------------------------------------------------- Over $750 million 0.015% ---------------------------------------------------- ---------------------------------------------------- JNL/MELLON CAPITAL MANAGEMENT EMERGING MARKETS INDEX FUND ---------------------------------------------------- AVERAGE DAILY NET ASSETS ANNUAL RATE ---------------------------------------------------- $0 to $50 million 0.09% ---------------------------------------------------- $50 to $100 million 0.06% ---------------------------------------------------- $100 to $750 million 0.03% ---------------------------------------------------- Over $750 million 0.015% ---------------------------------------------------- ---------------------------------------------------- JNL/MELLON CAPITAL MANAGEMENT EUROPEAN 30 FUND ---------------------------------------------------- AVERAGE DAILY NET ASSETS ANNUAL RATE ---------------------------------------------------- $0 to $50 million 0.09% ---------------------------------------------------- $50 to $100 million 0.06% ---------------------------------------------------- $100 to $750 million 0.03% ---------------------------------------------------- Over $750 million 0.015% ---------------------------------------------------- B-1 ---------------------------------------------------- JNL/MELLON CAPITAL MANAGEMENT GLOBAL ALPHA FUND ---------------------------------------------------- AVERAGE DAILY NET ASSETS ANNUAL RATE ---------------------------------------------------- $0 to $200 million 0.60% ---------------------------------------------------- $200 to $400 million 0.55% ---------------------------------------------------- $400 to $600 million 0.50% ---------------------------------------------------- $600 to $800 million 0.45% ---------------------------------------------------- $800 to $900 million 0.40% ---------------------------------------------------- Over $900 million 0.35% ---------------------------------------------------- ---------------------------------------------------- JNL/MELLON CAPITAL MANAGEMENT INTERNATIONAL INDEX FUND ---------------------------------------------------- AVERAGE DAILY NET ASSETS ANNUAL RATE ---------------------------------------------------- First $50 million 0.09% ---------------------------------------------------- Next $50 million 0.06% ---------------------------------------------------- $100 to $750 million 0.03% ---------------------------------------------------- Over $750 million 0.015% ---------------------------------------------------- ---------------------------------------------------- JNL/Mellon Capital Management Pacific Rim 30 Fund ---------------------------------------------------- AVERAGE DAILY NET ASSETS ANNUAL RATE ---------------------------------------------------- $0 to $50 million 0.09% ---------------------------------------------------- $50 to $100 million 0.06% ---------------------------------------------------- $100 to $750 million 0.03% ---------------------------------------------------- Over $750 million 0.015% ---------------------------------------------------- ---------------------------------------------------- JNL/Mellon Capital Management S&P 500 Index Fund ---------------------------------------------------- AVERAGE DAILY NET ASSETS ANNUAL RATE ---------------------------------------------------- First $50 million 0.09% ---------------------------------------------------- Next $50 million 0.06% ---------------------------------------------------- $100 to $750 million 0.03% ---------------------------------------------------- Over $750 million 0.015% ---------------------------------------------------- B-2 ---------------------------------------------------- JNL/MELLON CAPITAL MANAGEMENT S&P 400 MIDCAP INDEX FUND ---------------------------------------------------- AVERAGE DAILY NET ASSETS ANNUAL RATE ---------------------------------------------------- First $50 million 0.09% ---------------------------------------------------- Next $50 million 0.06% ---------------------------------------------------- $100 to $750 million 0.03% ---------------------------------------------------- Over $750 million 0.015% ---------------------------------------------------- ---------------------------------------------------- JNL/MELLON CAPITAL MANAGEMENT SMALL CAP INDEX FUND ---------------------------------------------------- AVERAGE DAILY NET ASSETS ANNUAL RATE ---------------------------------------------------- First $50 million 0.09% ---------------------------------------------------- Next $50 million 0.06% ---------------------------------------------------- $100 to $750 million 0.03% ---------------------------------------------------- Over $750 million 0.015% ---------------------------------------------------- ---------------------------------------------------- JNL/S&P COMPETITIVE ADVANTAGE FUND ---------------------------------------------------- AVERAGE DAILY NET ASSETS ANNUAL RATE ---------------------------------------------------- $0 to $100 million 0.06% ---------------------------------------------------- $100 to $750 million 0.03% ---------------------------------------------------- Over $750 million 0.015% ---------------------------------------------------- ---------------------------------------------------- JNL/S&P DIVIDEND INCOME & GROWTH FUND ---------------------------------------------------- AVERAGE DAILY NET ASSETS ANNUAL RATE ---------------------------------------------------- $0 to $100 million 0.06% ---------------------------------------------------- $100 to $750 million 0.03% ---------------------------------------------------- Over $750 million 0.015% ---------------------------------------------------- ---------------------------------------------------- JNL/S&P INTRINSIC VALUE FUND ---------------------------------------------------- AVERAGE DAILY NET ASSETS ANNUAL RATE ---------------------------------------------------- $0 to $100 million 0.06% ---------------------------------------------------- $100 to $750 million 0.03% ---------------------------------------------------- Over $750 million 0.015% ---------------------------------------------------- B-3 ---------------------------------------------------- JNL/S&P TOTAL YIELD FUND ---------------------------------------------------- AVERAGE DAILY NET ASSETS ANNUAL RATE ---------------------------------------------------- $0 to $100 million 0.06% ---------------------------------------------------- $100 to $750 million 0.03% ---------------------------------------------------- Over $750 million 0.015% ---------------------------------------------------- ---------------------------------------------------- JNL/T. ROWE PRICE MID-CAP GROWTH FUND* ---------------------------------------------------- AVERAGE DAILY NET ASSETS ANNUAL RATE ---------------------------------------------------- First $50 million 0.09% ---------------------------------------------------- Next $50 million 0.06% ---------------------------------------------------- $100 to $750 million 0.03% ---------------------------------------------------- Over $750 million 0.015% ---------------------------------------------------- *Fees will be paid based on assets invested in the mid-cap growth index strategy portion of the JNL/T. Rowe Price Mid-Cap Growth Fund managed by Mellon Capital Management Corporation. B-4