EX 99.28(d)(25)(v)

Amendment to

Investment Sub-Advisory Agreement Between

Jackson National Asset Management, LLC

and DoubleLine Capital LP

This Amendment is made by and between Jackson National Asset Management, LLC, a Michigan limited liability company and registered investment adviser (the “Adviser”), and DoubleLine Capital LP, a Delaware limited partnership and registered investment adviser (the “Sub-Adviser”).

Whereas, the Adviser and the Sub-Adviser (the “Parties”) entered into an Investment Sub-Advisory Agreement effective as of the 28^th day of September, 2015, as amended (the “Agreement”), whereby the Adviser appointed the Sub-Adviser to provide certain sub-investment advisory services to certain investment portfolios (the “Funds”) of JNL Series Trust (the “Trust”), as listed on Schedule A of the Agreement.

Whereas, pursuant to the Agreement, the Adviser agreed to pay the Sub-Adviser for the services provided and the expenses assumed by the Sub-Adviser 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, the Board of Trustees of the Trust approved: i) DoubleLine Capital LP to replace Pacific Investment Management Company LLC as the investment sub-adviser for the JNL/PIMCO Total Return Bond Fund; and ii) a name change for the JNL/PIMCO Total Return Bond Fund to the JNL/DoubleLine^® Core Fixed Income Fund, effective September 25, 2017.

Whereas, the Parties have agreed to amend the Agreement to add the JNL/DoubleLine^® Core Fixed Income Fund and its fees, effective September 25, 2017.

Now Therefore, in consideration of the mutual covenants herein contained, the Parties hereby agree to amend the Agreement as follows:

Schedule A to the Agreement is hereby deleted and replaced in its entirety with Schedule A dated September 25, 2017, attached hereto.

Schedule B to the Agreement is hereby deleted and replaced in its entirety with Schedule B dated September 25, 2017, attached hereto.

Except as specifically amended hereby, the Agreement shall remain in full force and effect in accordance with its terms.

Each of the Parties represents and warrants to the others that it has full authority to enter into this Amendment upon the terms and conditions hereof and that the individual executing this Amendment is duly authorized to bind the respective party to this Amendment.

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

In Witness Whereof, the Parties have caused this Amendment to be executed, effective as of September 25, 2017.

Jackson National Asset Management, LLC		DoubleLine Capital LP

By:	/s/ Mark D. Nerud	By:	/s/ Ronald Redell
Name:	Mark D. Nerud	Name:	Ronald Redell
Title:	President and CEO	Title:	Authorized Signer

Schedule A

Dated September 25, 2017


Funds
JNL/DoubleLine^® Core Fixed Income Fund
JNL/DoubleLine^® Emerging Markets Fixed Income Fund
JNL/DoubleLine^® Shiller Enhanced CAPE^® Fund
JNL/FPA + DoubleLine^®Flexible Allocation Fund (for the discrete portion of assets managed by DoubleLine Capital LP)

A-1

Schedule B

Dated September 25, 2017

(Compensation)


JNL/DoubleLine^® Core Fixed Income Fund
Average Daily Net Assets	Annual Rate¹
$0 to $2 billion	0.200%²
Over $2 billion	0.175%²


JNL/DoubleLine^® Emerging Markets Fixed Income Fund
Average Daily Net Assets	Annual Rate¹
$0 to $500 million	0.450%²
Over $500 million	0.350%²


JNL/DoubleLine^® Shiller Enhanced CAPE^® Fund
Average Daily Net Assets	Annual Rate¹
$0 to $200 million	0.400%²
Over $200 million	0.350%²


JNL/FPA + DoubleLine^® Flexible Allocation Fund (for the discrete portion of assets managed by DoubleLine Capital LP)
Fee Schedule Omitted

¹ A fee discount shall apply when the Sub-Adviser is providing sub-advisory services to JNAM for at least two separate and distinct funds. As of September 25, 2017, the Sub-Adviser provides sub-advisory services for the JNL/DoubleLine^® Core Fixed Income Fund, the JNL/DoubleLine^® Emerging Markets Fixed Income Fund, the JNL/DoubleLine^® Shiller Enhanced CAPE Fund, and the JNL/FPA + DoubleLine^® Flexible Allocation Fund (for the discrete portion of assets managed by DoubleLine Capital LP), each a Fund of JNL Series Trust; and the JNL/DoubleLine^® Total Return Fund, a Fund of the Jackson Variable Series Trust (together known as the “Sub-Advised Funds”).

² For the purposes of calculating the sub-advisory fee discounts, the Sub-Adviser applies the following discounts based on the combined assets of the Sub-Advised Funds: 2.5% fee reduction for assets over $1 billion up to and including $2.5 billion, a 5.0% fee reduction for combined assets over $2.5 billion up to and including $5 billion, a 7.5% fee reduction for combined assets over $5 billion up to and including $7.5 billion, and a 10.0% fee reduction for combined assets over $7.5 billion up to and including $10 billion.