EX-99.D ADVSR CONTR 10 exd253_mcarsubamend04292013.htm EX 99.28(D)(253):AMENDMENT TO AMENDED AND RESTATED INVESTMENT SUB-ADVISORY AGREEMENT BETWEEN JACKSON NATIONAL ASSET MANAGEMENT, LLC, AND MELLON CAPITAL MANAGEMENT CORPORATION EFFECTIVE APRIL 29, 2013 exd253_mcarsubamend04292013.htm
EX 99.28(d)(253)
 
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 Sub-Adviser entered into an Investment Sub-Advisory Agreement effective as of November 8, 2001, Amended and Restated effective as of the 18th day of February 2004, and further Amended and Restated effective as of the 1st day of December, 2012 (“Agreement”), whereby the Adviser appointed the Sub-Adviser to provide certain sub-investment advisory services to certain investment portfolios (“Funds”) of JNL Series Trust.

Whereas, the parties wish to amend the Agreement to add the following new fund: the JNL/Mellon Capital Utilities Sector Fund, to add the JNL/Mellon Capital Utilities Sector Fund’s fee schedule, and to amend certain Fund names from the “Current Fund Name” to the “New Fund Name,” as set forth below, effective April 29, 2013:

Current Fund Name
New Fund Name
JNL/Mellon Capital Management Bond Index Fund
JNL/Mellon Capital Bond Index Fund
JNL/Mellon Capital Management Dow Jones U.S. Contrarian Opportunities Index Fund
JNL/Mellon Capital Dow Jones U.S. Contrarian Opportunities Index Fund
JNL/Mellon Capital Management Emerging Markets Index Fund
JNL/Mellon Capital Emerging Markets Index Fund
JNL/Mellon Capital Management European 30 Fund
JNL/Mellon Capital European 30 Fund
JNL/Mellon Capital Management Global Alpha Fund
JNL/Mellon Capital Global Alpha Fund
JNL/Mellon Capital Management International Index Fund
JNL/Mellon Capital International Index Fund
JNL/Mellon Capital Management Pacific Rim 30 Fund
JNL/Mellon Capital Pacific Rim 30 Fund
JNL/Mellon Capital Management S&P 500 Index Fund
JNL/Mellon Capital S&P 500 Index Fund
JNL/Mellon Capital Management S&P 400 MidCap Index Fund
JNL/Mellon Capital S&P 400 MidCap Index Fund
JNL/Mellon Capital Management Small Cap Index Fund
JNL/Mellon Capital Small Cap Index Fund

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 29, 2013, attached hereto.
 
 
 
 
 
  2.
Schedule B to the Agreement is hereby deleted and replaced in its entirety with Schedule B dated April 29, 2013, attached hereto.
 
           In Witness Whereof, the Adviser and the Sub-Adviser have caused this Amendment to be executed as of December 14, effective as of April 29, 2013.
 
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  
 
 
Page 2 of 2
 

Schedule A
April 29, 2013

 
Funds
JNL/Mellon Capital Bond Index Fund
JNL/Mellon Capital Dow Jones U.S. Contrarian Opportunities Index Fund
JNL/Mellon Capital Emerging Markets Index Fund
JNL/Mellon Capital European 30 Fund
JNL/Mellon Capital Global Alpha Fund
JNL/Mellon Capital International Index Fund
JNL/Mellon Capital Pacific Rim 30 Fund
JNL/Mellon Capital S&P 500 Index Fund
JNL/Mellon Capital S&P 400 MidCap Index Fund
JNL/Mellon Capital Small Cap Index Fund
JNL/Mellon Capital Utilities Sector 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 29, 2013
(Compensation)

 
JNL/Mellon Capital Bond Index Fund
Average Daily Net Assets
Annual Rate
First $750 million
0.03%
Over $750 million
0.015%
 

 
JNL/Mellon Capital 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 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 European 30 Fund
Average Daily Net Assets
Annual Rate
$0 to $50 million
0.09%
$50 to $100 millionT
0.06%
$100 to $750 million
0.03%
Over $750 million
0.015%
 
 
 
B-1
 
 
 
JNL/Mellon Capital 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 International Index Fund
Average Daily Net Assets
Annual Rate
First $750 million
0.03%
Over $750 million
0.015%
 

 
JNL/Mellon Capital 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 S&P 500 Index Fund
Average Daily Net Assets
Annual Rate
First $750 million
0.03%
Over $750 million
0.015%
 

 
JNL/Mellon Capital S&P 400 MidCap Index Fund
Average Daily Net Assets
Annual Rate
First $750 million
0.03%
Over $750 million
0.015%
 

 
B-2
 

 
JNL/Mellon Capital Small Cap Index Fund
Average Daily Net Assets
Annual Rate
First $750 million
0.03%
Over $750 million 
0.015%
 

 
JNL/Mellon Capital Utilities Sector 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/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