EX-99.28(D)(35)(VII) 9 ex28d35vii_mellonsub.htm
 

JNL Series Trust 485BPOS

 

Ex. 99.28(d)(35)(vii)

 

Amendment to

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, a Delaware corporation and registered investment adviser (the “Sub-Adviser”).

 

Whereas, the Adviser and the Sub-Adviser (the “Parties”) entered into a Sub-Advisory Agreement effective as of September 13, 2021 wherein the September 2, 2021 Amended and Restated Sub-Advisory Agreement, as amended, was incorporated by reference, and as amended thereafter (the “Agreement”), whereby the Adviser appointed the Sub-Adviser to provide certain sub-investment advisory services to certain investment portfolios (each, a “Fund”) of JNL Series Trust (the “Trust”), as listed on Schedule A to the Agreement.

 

Whereas, pursuant to the Agreement, the Adviser agreed to pay sub-advisory fees as set forth on Schedule B to the Agreement to the Sub-Adviser for the services provided and the expenses assumed by the Sub-Adviser, and the Sub-Adviser agreed to accept such sub-advisory fees as full compensation under the Agreement for such services and expenses.

 

Whereas, the Board of Trustees of the Trust approved the JNL/Morningstar SMID Moat Focus Index Fund as a new fund of the Trust and approved the Sub-Adviser to provide sub-investment advisory services to the JNL/Morningstar SMID Moat Focus Index Fund, effective April 29, 2024.

 

Whereas, the Parties have agreed to amend the Agreement to add the JNL/Morningstar SMID Moat Focus Index Fund and its fees, effective April 29, 2024.

 

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, 2024, attached hereto.

 

2) Schedule B to the Agreement is hereby deleted and replaced in its entirety with Schedule B dated April 29, 2024, 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 April 29, 2024.

 

Jackson National Asset Management, LLC Mellon Investments Corporation

 

By:

 

/s/ Emily J. Bennett

  

 

By:

 

/s/ Stephanie Hill
Name: Emily J. Bennett   Name: Stephanie Hill
Title: VP and Deputy General Counsel   Title: Managing Director, Head of Index

 

 

 

 

Schedule A

Dated April 29, 2024

 

 

 

Funds

JNL iShares Tactical Growth Fund

JNL iShares Tactical Moderate Fund

JNL iShares Tactical Moderate Growth Fund

JNL S&P 500 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 Energy Sector Fund

JNL/Mellon Financial Sector Fund

JNL/Mellon Healthcare Sector Fund

JNL/Mellon Industrials Sector Fund 

JNL/Mellon Information Technology Sector Fund

 JNL/Mellon Materials Sector Fund

 JNL/Mellon Nasdaq® 100 Index Fund

 JNL/Mellon Real Estate Sector Fund

 JNL/Mellon S&P 500 Index Fund

JNL/Mellon U.S. Stock Market Index Fund

JNL/Mellon Utilities Sector Fund

JNL/Mellon World Index Fund

JNL/Morningstar PitchBook Listed Private Equity Index Fund
JNL/Morningstar SMID Moat Focus Index Fund
JNL/Morningstar U.S. Sustainability Index Fund

JNL/Morningstar Wide Moat Index Fund

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

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

JNL/Vanguard Growth ETF Allocation Fund

JNL/Vanguard Moderate ETF Allocation Fund

JNL/Vanguard Moderate Growth ETF Allocation Fund

JNL Bond Index Fund

JNL Emerging Markets Index Fund

JNL International Index Fund

JNL Mid Cap Index Fund

JNL Small Cap Index Fund
 

 

A-1 

 

 

Schedule B

Dated April 29, 2024

(Compensation)

 

 

JNL iShares Tactical Growth Fund
Assets up to $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $500 million 0.030%
$500 million to $1.5 billion 0.015%
Assets over $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $3 billion 0.010%
Over $3 billion .0075%
 

 

JNL iShares Tactical Moderate Fund
Assets up to $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $500 million 0.030%
$500 million to $1.5 billion 0.015%
Assets over $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $3 billion 0.010%
Over $3 billion .0075%
 

 

JNL iShares Tactical Moderate Growth Fund
Assets up to $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $500 million 0.030%
$500 million to $1.5 billion 0.015%
Assets over $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $3 billion 0.010%
Over $3 billion .0075%
 

 

JNL S&P 500 Index Fund
 
Average Daily Net Assets Annual Rate
$0 to $3 billion 0.010%
Over $3 billion 0.005%
   

 

JNL/Mellon Communication Services Sector Fund
Assets up to $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $500 million 0.030%
$500 million to $1.5 billion 0.015%

 

B-1 

 

 

Assets over $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $3 billion 0.010%
Over $3 billion .0075%
 

 

JNL/Mellon Consumer Discretionary Sector Fund
Assets up to $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $500 million 0.030%
$500 million to $1.5 billion 0.015%
Assets over $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $3 billion 0.010%
Over $3 billion .0075%
 

 

JNL/Mellon Consumer Staples Sector Fund
Assets up to $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $500 million 0.030%
$500 million to $1.5 billion 0.015%
Assets over $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $3 billion 0.010%
Over $3 billion .0075%
 
   

 

JNL/Mellon DowSM Index Fund
Assets up to $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $500 million 0.030%
$500 million to $1.5 billion 0.015%
Assets over $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $3 billion 0.010%
Over $3 billion .0075%
 

 

 JNL/Mellon Energy Sector Fund
Assets up to $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $500 million 0.030%
$500 million to $1.5 billion 0.015%

 

B-2 

 

 

Assets over $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $3 billion 0.010%
Over $3 billion .0075%
 

 

JNL/Mellon Financial Sector Fund
Assets up to $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $500 million 0.030%
$500 million to $1.5 billion 0.015%
Assets over $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $3 billion 0.010%
Over $3 billion .0075%
 

 

JNL/Mellon Healthcare Sector Fund
Assets up to $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $500 million 0.030%
$500 million to $1.5 billion 0.015%
Assets over $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $3 billion 0.010%
Over $3 billion .0075%
 

 

JNL/Mellon Industrials Sector Fund
Assets up to $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $500 million 0.030%
$500 million to $1.5 billion 0.015%
Assets over $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $3 billion 0.010%
Over $3 billion .0075%
   

 

JNL/Mellon Information Technology Sector Fund
Assets up to $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $500 million 0.030%
$500 million to $1.5 billion 0.015%

 

B-3 

 

 

Assets over $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $3 billion 0.010%
Over $3 billion .0075%
 

 

JNL/Mellon Materials Sector Fund
Assets up to $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $500 million 0.030%
$500 million to $1.5 billion 0.015%
Assets over $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $3 billion 0.010%
Over $3 billion .0075%
   

 

 JNL/Mellon Nasdaq® 100 Index Fund
Assets up to $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $500 million 0.030%
$500 million to $1.5 billion 0.015%
Assets over $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $3 billion 0.010%
Over $3 billion .0075%
 

 

JNL/Mellon Real Estate Sector Fund
Assets up to $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $500 million 0.030%
$500 million to $1.5 billion 0.015%
Assets over $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $3 billion 0.010%
Over $3 billion .0075%
 

 

JNL/Mellon S&P 500 Index Fund
 
Average Daily Net Assets

Annual Rate
$0 to $3 billion 0.010%
Over $3 billion 0.005%
   

 

B-4 

 

 

JNL/Mellon U.S. Stock Market Index Fund
Assets up to $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $500 million 0.030%
$500 million to $1.5 billion 0.015%
Assets over $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $3 billion 0.010%
Over $3 billion .0075%
 

 

JNL/Mellon Utilities Sector Fund
Assets up to $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $500 million 0.030%
$500 million to $1.5 billion 0.015%
Assets over $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $3 billion 0.010%
Over $3 billion .0075%
 

 

JNL/Mellon World Index Fund
Assets up to $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $500 million 0.030%
$500 million to $1.5 billion

0.015%
Assets over $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $3 billion 0.010%
Over $3 billion .0075%
 

 

JNL/Morningstar PitchBook Listed Private Equity Index Fund
Assets up to $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $500 million 0.030%
$500 million to $1.5 billion 0.015%
Assets over $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $3 billion 0.010%
Over $3 billion .0075%
   

 

JNL/Morningstar SMID Moat Focus Index Fund
Assets up to $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $500 million 0.030%
$500 million to $1.5 billion 0.015%
   

 

B-5 

 

 

Assets over $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $3 billion 0.010%
Over $3 billion .0075%

 

JNL/Morningstar U.S. Sustainability Index Fund
Assets up to $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $500 million 0.030%
$500 million to $1.5 billion 0.015%
Assets over $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $3 billion 0.010%
Over $3 billion .0075%
   

 

JNL/Morningstar Wide Moat Index Fund
Assets up to $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $500 million 0.030%
$500 million to $1.5 billion 0.015%
Assets over $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $3 billion 0.010%
Over $3 billion .0075%
 

 

JNL/RAFI® Fundamental U.S. Small Cap Fund
Assets up to $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $500 million 0.030%
$500 million to $1.5 billion 0.015%
Assets over $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $3 billion 0.010%
Over $3 billion .0075%
 

 

JNL/RAFI® Multi-Factor U.S. Equity Fund
Assets up to $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $500 million 0.030%
$500 million to $1.5 billion 0.015%

 

B-6 

 

 

Assets over $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $3 billion 0.010%
Over $3 billion .0075%
 

 

JNL/Vanguard Growth ETF Allocation Fund
Assets up to $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $500 million 0.030%
$500 million to $1.5 billion 0.015%
Assets over $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $3 billion 0.010%
Over $3 billion .0075%
 

 

JNL/Vanguard Moderate ETF Allocation Fund
Assets up to $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $500 million 0.030%
$500 million to $1.5 billion 0.015%
Assets over $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $3 billion 0.010%
Over $3 billion .0075%
 

 

JNL/Vanguard Moderate Growth ETF Allocation Fund
Assets up to $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $500 million 0.030%
$500 million to $1.5 billion 0.015%
Assets over $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $3 billion 0.010%
Over $3 billion .0075%
 

 

JNL Bond Index Fund
Assets up to $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $500 million 0.030%
$500 million to $1.5 billion 0.015%

 

B-7 

 

 

Assets over $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $3 billion 0.010%
Over $3 billion .0075%
 

 

JNL Emerging Markets Index Fund
Assets up to $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $500 million 0.030%
$500 million to $1.5 billion 0.015%
Assets over $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $3 billion 0.010%
Over $3 billion .0075%
   

 

JNL International Index Fund
Assets up to $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $500 million 0.030%
$500 million to $1.5 billion 0.015%
Assets over $1.5 billion:
Average Daily Net Assets Annual Rate
$0 to $3 billion 0.010%
Over $3 billion .0075%
   

 

JNL Mid Cap Index Fund
 

Average Daily Net Assets

Annual Rate

$0 to $3 billion

0.010%

Over $3 billion

 0.005%
   

 

JNL Small Cap Index Fund
 

Average Daily Net Assets

Annual Rate

$0 to $3 billion

0.010%

Over $3 billion

 0.005%
   

 

B-8