EX-99.D ADVSR CONTR 16 exd45xviii_mellonsubamend917.htm
EX 99.28(d)(45)(xviii)
Amendment
 
to Amended and Restated
 
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 (the “Adviser”), and 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 (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 the following ten funds as new funds of the Trust, effective September 25, 2017 (collectively, “New Funds”):

1)
JNL/Mellon Capital S&P 1500 Growth Index Fund;
2)
JNL/Mellon Capital S&P 1500 Value Index Fund;
3)
JNL S&P 500 Index Fund;
4)
JNL/Mellon Capital Consumer Staples Sector Fund;
5)
JNL/Mellon Capital Materials Sector Fund;
6)
JNL/Mellon Capital Industrials Sector Fund;
7)
JNL/Mellon Capital Real Estate Sector Fund;
8)
JNL/Vanguard Moderate Allocation Fund;
9)
JNL/Vanguard Moderate Growth Allocation Fund; and
10)
JNL/Vanguard Growth Allocation Fund.

Whereas, the Parties agreed to amend the Agreement to add the New Funds and each fund’s respective 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:

1)
Schedule A to the Agreement is hereby deleted and replaced in its entirety with Schedule A dated September 25, 2017, attached hereto.

2)
Schedule B to the Agreement is hereby deleted and replaced in its entirety with Schedule B dated September 25, 2017, 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 as of September 25, 2017.

Jackson National Asset Management, LLC
Mellon Capital Management Corporation
          
By:
/s/ Mark D. Nerud
  
By:
/s/ Sheryl Linck
Name:
Mark D. Nerud
  
Name:
Sheryl Linck
Title:
President and CEO
  
Title:
Managing Director
 
-2-
Schedule A
Dated September 25, 2017
 
 
  
Funds
JNL S&P 500 Index Fund
JNL/Mellon Capital Bond Index Fund
JNL/Mellon Capital Consumer Staples Sector Fund
JNL/Mellon Capital Emerging Markets Index Fund
JNL/Mellon Capital European 30 Fund
JNL/Mellon Capital Industrials Sector Fund
JNL/Mellon Capital International Index Fund
JNL/Mellon Capital Materials Sector Fund
JNL/Mellon Capital MSCI KLD 400 Social Index Fund
JNL/Mellon Capital Pacific Rim 30 Fund
JNL/Mellon Capital Real Estate Sector Fund
JNL/Mellon Capital S&P 1500 Growth Index Fund
JNL/Mellon Capital S&P 1500 Value Index 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 International 5 Fund
JNL/S&P Intrinsic Value Fund
JNL/S&P Mid 3 Fund
JNL/S&P Total Yield Fund
JNL/T. Rowe Price Mid-Cap Growth Fund
JNL/Vanguard Growth Allocation Fund
JNL/Vanguard Moderate Allocation Fund
JNL/Vanguard Moderate Growth Allocation Fund
  
 
A-1
Schedule B
Dated September 25, 2017
 (Compensation)
 
 
   
JNL S&P 500 Index Fund
Average Daily Net Assets
Annual Rate
All assets
0.010%
   

   
JNL/Mellon Capital Bond Index Fund
Average Daily Net Assets
Annual Rate
$0 to $750 million
0.030%
$750 million to $2 billion
0.015%
Over $2 billion     
0.010%
   

   
JNL/Mellon Capital Consumer Staples Sector Fund
Average Daily Net Assets
Annual Rate
$0 to $750 million
0.030%
$750 million to $2 billion
0.015%
Over $2 billion
0.010%
   

   
JNL/Mellon Capital Emerging Markets Index Fund
Average Daily Net Assets
Annual Rate
$0 to $750 million
0.030%
$750 million to $2 billion
0.015%
Over $2 billion
0.010%
   

   
JNL/Mellon Capital European 30 Fund
Average Daily Net Assets
Annual Rate
$0 to $50 million
0.060%
$50 million to $100 million
0.060%
$100 million to $750 million
0.030%
Over $750 million
0.015%
   
 
B-1
   
JNL/Mellon Capital Industrials Sector Fund
Average Daily Net Assets
Annual Rate
$0 to $750 million
0.030%
$750 million to $2 billion
0.015%
Over $2 billion
0.010%
   

   
JNL/Mellon Capital International Index Fund
Average Daily Net Assets
Annual Rate
$0 to $750 million
0.030%
$750 million to $2 billion
0.015%
Over $2 billion          
0.010%
   

   
JNL/Mellon Capital Materials Sector Fund
Average Daily Net Assets
Annual Rate
$0 to $750 million
0.030%
$750 million to $2 billion
0.015%
Over $2 billion
0.010%
   

   
JNL/Mellon Capital MSCI KLD 400 Social Index Fund
Average Daily Net Assets
Annual Rate
$0 to $750 million
0.030%
$750 million to $2 billion
0.015%
Over $2 billion          
0.010%
   

   
JNL/Mellon Capital Pacific Rim 30 Fund
Average Daily Net Assets
Annual Rate
$0 to $100 million
0.060%
$100 million to $750 million
0.030%
Over $750 million
0.015%
   
 

B-2
   
JNL/Mellon Capital Real Estate Sector Fund
Average Daily Net Assets
Annual Rate
$0 to $750 million
0.030%
$750 million to $2 billion
0.015%
Over $2 billion
0.010%
   

   
JNL/Mellon Capital S&P 1500 Growth Index Fund
Average Daily Net Assets
Annual Rate
$0 to $750 million
0.030%
$750 million to $2 billion
0.015%
Over $2 billion
0.010%
   

   
JNL/Mellon Capital S&P 1500 Value Index Fund
Average Daily Net Assets
Annual Rate
$0 to $750 million
0.030%
$750 million to $2 billion
0.015%
Over $2 billion
0.010%
   

   
JNL/Mellon Capital S&P 500 Index Fund
Average Daily Net Assets
Annual Rate
All assets
0.010%
   

   
JNL/Mellon Capital S&P 400 MidCap Index Fund
Average Daily Net Assets
Annual Rate
All assets
0.010%
   

   
JNL/Mellon Capital Small Cap Index Fund
Average Daily Net Assets
Annual Rate
All Assets
0.010%
   
 

B-3
   
JNL/Mellon Capital Utilities Sector Fund
Average Daily Net Assets
Annual Rate
$0 to $750 million
0.030%
$750 million to $2 billion
0.015%
Over $2 billion          
0.010%
   

   
JNL/S&P Competitive Advantage Fund
Average Daily Net Assets
Annual Rate
$0 to $100 million
0.060%
$100 million to $750 million
0.030%
Over $750 million          
0.0150%
   

   
JNL/S&P Dividend Income & Growth Fund
Average Daily Net Assets
Annual Rate
$0 to $100 million
0.060%
$100 million to $750 million
0.030%
Over $750 million          
0.015%
   

   
JNL/S&P International 5 Fund
Average Daily Net Assets
Annual Rate
$0 to $100 million
0.060%
$100 million to $750 million
0.030%
Over $750 million          
0.015%
   

   
JNL/S&P Intrinsic Value Fund
Average Daily Net Assets
Annual Rate
$0 to $100 million
0.060%
$100 million to $750 million
0.030%
Over $750 million          
0.015%
   
 
B-4
   
JNL/S&P Mid 3 Fund
Average Daily Net Assets
Annual Rate
$0 to $100 million
0.060%
$100 million to $750 million
0.030%
Over $750 million
0.015%
   

   
JNL/S&P Total Yield Fund
Average Daily Net Assets
Annual Rate
$0 to $100 million
0.060%
$100 million to $750 million
0.030%
Over $750 million          
0.015%
   

   
JNL/T. Rowe Price Mid-Cap Growth Fund*
Average Daily Net Assets
Annual Rate
$0 to $50 million
0.090%
$50 million to $100 million
0.060%
$100 million to $750 million
0.030%
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.
 
   
JNL/Vanguard Growth Allocation Fund
Average Daily Net Assets
Annual Rate
$0 to $750 million
0.030%
$750 million to $2 billion
0.015%
Over $2 billion
0.010%
   

   
JNL/Vanguard Moderate Allocation Fund
Average Daily Net Assets
Annual Rate
$0 to $750 million
0.030%
$750 million to $2 billion
0.015%
Over $2 billion
0.010%
   
 
B-5
   
JNL/Vanguard Moderate Growth Allocation Fund
Average Daily Net Assets
Annual Rate
$0 to $750 million
0.030%
$750 million to $2 billion
0.015%
Over $2 billion
0.010%
   
 

B-6