EX-99.D ADVSR CONTR 7 exd38xxvii_mellonsubam082820.htm
EX 99.28(d)(38)(xxvii)

Amendment to

 Amended and Restated

Investment Sub-Advisory Agreement Between

Jackson National Asset Management, LLC

and Mellon Investments Corporation

 

 

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

 

Whereas, the Adviser and Sub-Adviser (the “Parties”) entered into an Amended and Restated Investment Sub-Advisory Agreement, effective as of the 1st day of December, 2012, as amended (the “Agreement”), whereby the Adviser appointed the Sub-Adviser to provide certain sub-investment advisory services to certain investment portfolios (each a “Fund,” and collectively, the “Funds”) of JNL Series Trust (the “Trust”), as listed on Schedule A of the Agreement.

 

Whereas, the Board of Trustees of the Trust approved termination of Mellon Investments Corporation as the Sub-Adviser for the JNL/T. Rowe Price Mid-Cap Growth Fund, and the Parties have agreed to amend the Agreement to remove the JNL/T. Rowe Price Mid-Cap Growth Fund and its’ fees, effective August 28, 2020.

 

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 August 28, 2020, attached hereto.
   
2) Schedule B to the Agreement is hereby deleted and replaced, in its entirety, with Schedule B dated August 28, 2020, attached hereto.
   
3) Except as specifically amended hereby, the Agreement shall remain in full force and effect, in accordance with its terms.
   
4) 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.
   
5) 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 August 28, 2020.

 

Jackson National Asset Management, LLC Mellon Investments Corporation (originally, Mellon Capital Management Corporation)
           
By: /s/ Mark D. Nerud   By: /s/ Alex Over  
Name: Mark D. Nerud   Name: Alex Over  
Title: President and CEO   Title: Executive Vice President  

 

 

 

Schedule A

Dated August 28, 2020



 
  
Funds

JNL iShares Tactical Growth Fund

JNL iShares Tactical Moderate Fund

JNL iShares Tactical Moderate Growth Fund

JNL S&P 500 Index Fund

JNL/Goldman Sachs Competitive Advantage Fund

JNL/Goldman Sachs Dividend Income & Growth Fund

JNL/Goldman Sachs International 5 Fund

JNL/Goldman Sachs Intrinsic Value Fund

JNL/Goldman Sachs Total Yield Fund

JNL/Mellon Bond Index Fund

JNL/Mellon Communication Services Sector Fund

JNL/Mellon Consumer Discretionary Sector Fund

JNL/Mellon Consumer Staples Sector Fund

JNL/Mellon DowSM Index Fund

JNL/Mellon Emerging Markets Index Fund

JNL/Mellon Energy Sector Fund

JNL/Mellon Equity Income Fund

JNL/Mellon Financial Sector Fund

JNL/Mellon Healthcare Sector Fund

JNL/Mellon Industrials Sector Fund

JNL/Mellon Information Technology Sector Fund

JNL/Mellon International Index Fund

JNL/Mellon Materials Sector Fund

JNL/Mellon MSCI KLD 400 Social Index Fund

JNL/Mellon MSCI World Index Fund

JNL/Mellon Nasdaq® 100 Index Fund

JNL/Mellon Real Estate Sector Fund

JNL/Mellon S&P 500 Index Fund

JNL/Mellon S&P 400 MidCap Index Fund

JNL/Mellon Small Cap Index Fund

JNL/Mellon Utilities Sector Fund

JNL/RAFI® Fundamental Asia Developed Fund

JNL/RAFI® Fundamental Europe Fund

JNL/RAFI® Fundamental U.S. Small Cap Fund

JNL/RAFI® Multi-Factor U.S. Equity Fund

 

A-1
 
   
Funds

JNL/Vanguard Growth ETF Allocation Fund

JNL/Vanguard Moderate ETF Allocation Fund

JNL/Vanguard Moderate Growth ETF Allocation Fund

JNL/Morningstar Wide Moat Index Fund

 

 

A-2
 

 Schedule B

Dated August 28, 2020

(Compensation)

 

 

 

 

JNL iShares Tactical Growth Fund

 

Average Daily Net Assets

 

Annual Rate

 

$0 to $500 million

 

0.030%

 

$500 million to $2 billion

 

0.015%

 

Over $2 billion

 

0.010%

 
 
 

JNL iShares Tactical Moderate Fund

 

Average Daily Net Assets

 

Annual Rate

 

$0 to $500 million

 

0.030%

 

$500 million to $2 billion

 

0.015%

 

Over $2 billion

 

0.010%

 
 
 

JNL iShares Tactical Moderate Growth Fund

 

Average Daily Net Assets

 

Annual Rate

 

$0 to $500 million

 

0.030%

 

$500 million to $2 billion

 

0.015%

 

Over $2 billion

 

0.010%

 
 
   

JNL S&P 500 Index Fund

 

Average Daily Net Assets

 

Annual Rate

 

$0 to $3 billion

 

0.010%

 

Over $3 billion

 

0.005%

 
   
   

JNL/Goldman Sachs Competitive Advantage Fund

 

Average Daily Net Assets

 

Annual Rate

 

$0 to $500 million

 

0.030%

 

Over $500 million

 

0.015%

 
   
   

JNL/Goldman Sachs Dividend Income & Growth Fund

 

Average Daily Net Assets

 

Annual Rate

 

$0 to $500 million

 

0.030%

 

Over $500 million

 

0.015%

 
   

 

B-1
 

 

   

JNL/Goldman Sachs International 5 Fund

 

Average Daily Net Assets

 

Annual Rate

 

$0 to $500 million

 

0.030%

 

Over $500 million

 

0.015%

 
   
   

JNL/Goldman Sachs Intrinsic Value Fund

 

Average Daily Net Assets

 

Annual Rate

 

$0 to $500 million

 

0.030%

 

Over $500 million

 

0.015%

 
   
   

JNL/Goldman Sachs Total Yield Fund

 

Average Daily Net Assets

 

Annual Rate

 

$0 to $500 million

 

0.030%

 

Over $500 million

 

0.015%

 
   
   

JNL/Mellon Bond Index Fund

 

Average Daily Net Assets

 

Annual Rate

 

$0 to $500 million

 

0.030%

 

$500 million to $2 billion

 

0.015%

 

Over $2 billion

 

0.010%

 
   
 

JNL/Mellon Communication Services Sector Fund

 

Average Daily Net Assets

 

Annual Rate

 

$0 to $500 million

 

0.030%

 

$500 million to $2 billion

 

0.015%

 

Amounts over $2 billion

 

0.010%

 
 
 

JNL/Mellon Consumer Discretionary Sector Fund

 

Average Daily Net Assets

 

Annual Rate

 

$0 to $500 million

 

0.030%

 

$500 million to $2 billion

 

0.015%

 

Amounts over $2 billion

 

0.010%

 
 
   

JNL/Mellon Consumer Staples Sector Fund

 

Average Daily Net Assets

 

Annual Rate

 

$0 to $500 million

 

0.030%

$500 million to $2 billion

 

0.015%

 

Over $2 billion

 

0.010%

 
   

 

B-2
 

 

 

JNL/Mellon DowSM Index Fund

 

Average Daily Net Assets

 

Annual Rate

 

$0 to $500 million

 

0.030%

 

$500 million to $2 billion

 

0.015%

 

Amounts over $2 billion

 

0.010%

 
 
   

JNL/Mellon Emerging Markets Index Fund

 

Average Daily Net Assets

 

Annual Rate

 

$0 to $500 million

 

0.030%

 

$500 million to $2 billion

 

0.015%

 

Over $2 billion

 

0.010%

 
   
 

JNL/Mellon Energy Sector Fund

 

Average Daily Net Assets

 

Annual Rate

 

$0 to $500 million

 

0.030%

 

$500 million to $2 billion

 

0.015%

 

Amounts over $2 billion

 

0.010%

 
 
 

JNL/Mellon Equity Income Fund

 
Average Daily Net Assets Annual Rate
$0 to $100 million 0.25%
$100 million to $200 million 0.20%
Over $200 million 0.15%
 
 

JNL/Mellon Financial Sector Fund

 

Average Daily Net Assets

 

Annual Rate

 

$0 to $500 million

 

0.030%

 

$500 million to $2 billion

 

0.015%

 

Amounts over $2 billion

 

0.010%

 
 
 

JNL/Mellon Healthcare Sector Fund

 

Average Daily Net Assets

 

Annual Rate

 

$0 to $500 million

 

0.030%

 

$500 million to $2 billion

 

0.015%

 

Amounts over $2 billion

 

0.010%

 
 

 

B-3
 

 

   

JNL/Mellon Industrials Sector Fund

 

Average Daily Net Assets

 

Annual Rate

 

$0 to $500 million

 

0.030%

 

$500 million to $2 billion

 

0.015%

 

Over $2 billion

 

0.010%

 
   
 

JNL/Mellon Information Technology Sector Fund

 

Average Daily Net Assets

 

Annual Rate

 

$0 to $500 million

 

0.030%

 

$500 million to $2 billion

 

0.015%

 

Amounts over $2 billion

 

0.010%

 
 
   

JNL/Mellon International Index Fund

 

Average Daily Net Assets

 

Annual Rate

 

$0 to $500 million

 

0.030%

 

$500 million to $2 billion

 

0.015%

 

Over $2 billion

 

0.010%

 
   
   

JNL/Mellon Materials Sector Fund

 

Average Daily Net Assets

 

Annual Rate

 

$0 to $500 million

 

0.030%

 

$500 million to $2 billion

 

0.015%

 

Over $2 billion

 

0.010%

 
   
   

JNL/Mellon MSCI KLD 400 Social Index Fund

 

Average Daily Net Assets

 

Annual Rate

 

$0 to $500 million

 

0.030%

 

$500 million to $2 billion

 

0.015%

 

Over $2 billion

 

0.010%

 
   
 

JNL/Mellon MSCI World Index Fund

 

Average Daily Net Assets

 

Annual Rate

 

$0 to $500 million

 

0.030%

 

$500 million to $2 billion

 

0.015%

 

Amounts over $2 billion

 

0.010%

 
 

 

B-4
 

 

 

JNL/Mellon Nasdaq® 100 Index Fund

 

Average Daily Net Assets

 

Annual Rate

 

$0 to $500 million

 

0.030%

 

$500 million to $2 billion

 

0.015%

 

Amounts over $2 billion

 

0.010%

 
 
   

JNL/Mellon Real Estate Sector Fund

 

Average Daily Net Assets

 

Annual Rate

 

$0 to $500 million

 

0.030%

 

$500 million to $2 billion

 

0.015%

 

Over $2 billion

 

0.010%

 
   
   

JNL/Mellon S&P 500 Index Fund

 

Average Daily Net Assets

 

Annual Rate

 

$0 to $3 billion

 

0.010%

 

Over $3 billion

 

 0.005%
   
   

JNL/Mellon S&P 400 MidCap Index Fund

 

Average Daily Net Assets

 

Annual Rate

 

$0 to $3 billion

 

0.010%

 

Over $3 billion

 

 0.005%
   
   

JNL/Mellon Small Cap Index Fund

 

Average Daily Net Assets

 

Annual Rate

 

$0 to $3 billion

 

0.010%

 

Over $3 billion

 

 0.005%
   
   

JNL/Mellon Utilities Sector Fund

 

Average Daily Net Assets

 

Annual Rate

 

$0 to $500 million

 

0.030%

 

$500 million to $2 billion

 

0.015%

 

Over $2 billion

 

0.010%

 
   
   

JNL/RAFI® Fundamental Asia Developed Fund

 

Average Daily Net Assets

 

Annual Rate

 

$0 to $500 million

 

0.030%

 

$500 million to $2 billion

 

0.015%

 

Over $2 billion

 

0.010%

 
   

 

B-5
 

 

   

JNL/RAFI® Fundamental Europe Fund

 

Average Daily Net Assets

 

Annual Rate

 

$0 to $500 million

 

0.030%

 

$500 million to $2 billion

 

0.015%

 

Over $2 billion

 

0.010%

 
   
 

JNL/RAFI® Fundamental U.S. Small Cap Fund

 

Average Daily Net Assets

 

Annual Rate

 

$0 to $500 million

 

0.030%

 

$500 million to $2 billion

 

0.015%

 

Over $2 billion

 

0.010%

 
 
 

JNL/RAFI® Multi-Factor U.S. Equity Fund

 

Average Daily Net Assets

 

Annual Rate

 

$0 to $500 million

 

0.030%

 

$500 million to $2 billion

 

0.015%

 

Over $2 billion

 

0.010%

 
 
   

JNL/Vanguard Growth ETF Allocation Fund

 

Average Daily Net Assets

 

Annual Rate

 

$0 to $500 million

 

0.030%

 

$500 million to $2 billion

 

0.015%

 

Over $2 billion

 

0.010%

 
   
   

JNL/Vanguard Moderate ETF Allocation Fund

 

Average Daily Net Assets

 

Annual Rate

 

$0 to $500 million

 

0.030%

 

$500 million to $2 billion

 

0.015%

 

Over $2 billion

 

0.010%

 
   
   

JNL/Vanguard Moderate Growth ETF Allocation Fund

 

Average Daily Net Assets

 

Annual Rate

 

$0 to $500 million

 

0.030%

 

$500 million to $2 billion

 

0.015%

 

Over $2 billion

 

0.010%

 
   

 

B-6
 

 

   

JNL/Morningstar Wide Moat Index Fund

 

Average Daily Net Assets

 

Annual Rate

 

$0 to $500 million

 

0.030%

 

$500 million to $2 billion

 

0.015%

 

Over $2 billion

 

0.010%

 
   

 






B-7