EX-99.D ADVSR CONTR 2 exd1xxiv_adv04272015.htm Unassociated Document
EX. 99.28(d)(1)(xxiv)


Amendment to
Amended and Restated Investment Advisory
and Management Agreement
Between JNL Series Trust and
Jackson National Asset Management, LLC
 

 
This Amendment is made by and between JNL Series Trust, a Massachusetts business trust (“Trust”) and Jackson National Asset Management, LLC, a Michigan limited liability company (“Adviser”).

Whereas, the Trust and the Adviser entered into an Amended and Restated Investment Advisory and Management Agreement effective as of the 1st day of July, 2013, as amended September 16, 2013, April 28, 2014, June 4, 2014 and September 15, 2014 (“Agreement”), whereby the Adviser agreed to perform certain investment advisory services, on behalf of several separate series of shares (each a “Fund”) of the Trust, as listed on Schedule A of the Agreement.

Whereas, the following new funds, fund merger, fund name change and de-registered funds (collectively, “Fund Changes”) have been approved by the Board of Trustees of the Trust:
New Funds
- JNL Multi-Manager Alternative Fund;
- JNL/Harris Oakmark Global Equity Fund;
- JNL/Oppenheimer Emerging Markets Innovator Fund; and
- JNL/Westchester Capital Event Driven Fund.

Fund Merger:
- JNL/Mellon Capital Global Alpha Fund into the JNL/AQR Managed Futures Strategy Fund

Fund Name Change:
- JNL Institutional Alt 65 Fund to JNL Alt 65 Fund

De-Registered Funds:
- JNL Investment Committee - Global Strategic Moderate with Alts Fund;
- JNL Investment Committee - Global Strategic Moderately Aggressive with Alts Fund;
- JNL Investment Committee - Strategic Moderate Fund; and
- JNL Investment Committee - Strategic Moderately Aggressive Fund.
 
Whereas, pursuant to the approval of the Fund Changes, as outlined herein-above, the parties have agreed to amend Schedule A and Schedule B of the Agreement to:
- add four new funds and each fund’s respective fees;
-
remove the JNL/Mellon Capital Global Alpha Fund and its respective fees;
-
update the fund name for the JNL Institutional Alt 65 Fund to JNL Alt 65 Fund; and
-
remove the four de-registered funds and each fund’s respective fees.
 
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 27, 2015, attached hereto.
 2.  Schedule B to the Agreement is hereby deleted and replaced in its entirety with Schedule B dated April 27, 2015, attached hereto.
 
In Witness Whereof, the Adviser and the Trust have caused this Amendment to be executed as of this 23rd day of February 2015, effective April 27, 2015.
 
JNL Series Trust   Jackson National Asset Management, LLC
         
By: /s/ Kristen K. Leeman   By: /s/ Mark D. Nerud
Name: Kristen K. Leeman   Name: Mark D. Nerud
Title: Assistant Secretary   Title: President and CEO
 

 
Schedule A
Dated April 27, 2015
(List of Funds)
 


 
 
Funds
 
 
JNL/American Funds Blue Chip Income and Growth Fund
JNL/American Funds Global Bond Fund
JNL/American Funds Global Small Capitalization Fund
JNL/American Funds Growth-Income Fund
JNL/American Funds International Fund
JNL/American Funds New World Fund
JNL Multi-Manager Alternative Fund
JNL Institutional Alt 20 Fund
JNL Institutional Alt 35 Fund
JNL Institutional Alt 50 Fund
JNL Alt 65 Fund
JNL/American Funds Balanced Allocation Fund
JNL/American Funds Growth Allocation Fund
JNL/AllianceBernstein Dynamic Asset Allocation Fund
JNL/AQR Managed Futures Strategy Fund
JNL/BlackRock Commodity Securities Strategy Fund
JNL/BlackRock Global Allocation Fund
JNL/BlackRock Large Cap Select Growth Fund
JNL/Boston Partners Global Long Short Equity Fund
JNL/Brookfield Global Infrastructure and MLP Fund
JNL/Capital Guardian Global Balanced Fund
JNL/Capital Guardian Global Diversified Research Fund
JNL/DFA U.S. Core Equity Fund
JNL/Eagle SmallCap Equity Fund
JNL/Eastspring Investments Asia ex-Japan Fund
 

A-1

 
 
 
Funds
 
 
JNL/Eastspring Investments China-India Fund
JNL/Franklin Templeton Founding Strategy Fund
JNL/Franklin Templeton Global Growth Fund
JNL/Franklin Templeton Global Multisector Bond Fund
JNL/Franklin Templeton Income Fund
JNL/Franklin Templeton International Small Cap Growth Fund
JNL/Franklin Templeton Mutual Shares Fund
JNL/Franklin Templeton Small Cap Value Fund
JNL/Goldman Sachs Core Plus Bond Fund
JNL/Goldman Sachs Emerging Markets Debt Fund
JNL/Goldman Sachs Mid Cap Value Fund
JNL/Goldman Sachs U.S. Equity Flex Fund
JNL/Harris Oakmark Global Equity Fund
JNL/Invesco Global Real Estate Fund
JNL/Invesco International Growth Fund
JNL/Invesco Large Cap Growth Fund
JNL/Invesco Mid Cap Value Fund
JNL/Invesco Small Cap Growth Fund
JNL/Ivy Asset Strategy Fund
JNL/JPMorgan International Value Fund
JNL/JPMorgan MidCap Growth Fund
JNL/JPMorgan U.S. Government & Quality Bond Fund
JNL/Lazard Emerging Markets Fund
JNL/Mellon Capital 10 x 10 Fund
JNL/Mellon Capital Index 5 Fund
JNL/Mellon Capital Emerging Markets Index Fund
JNL/Mellon Capital European 30 Fund
JNL/Mellon Capital Pacific Rim 30 Fund
 

A-2

 
 
 
Funds
 
 
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 International Index Fund
JNL/Mellon Capital Bond Index Fund
JNL/Mellon Capital Dow Jones
U.S. Contrarian Opportunities Index Fund
       JNL/Mellon Capital Utilities Sector Fund
JNL/MMRS Conservative Fund
JNL/MMRS Growth Fund
JNL/MMRS Moderate Fund
JNL/Morgan Stanley Mid Cap Growth Fund
JNL/Neuberger Berman Strategic Income Fund
JNL/Oppenheimer Emerging Markets Innovator Fund
JNL/Oppenheimer Global Growth Fund
JNL/PIMCO Real Return Fund
JNL/PIMCO Total Return Bond Fund
JNL/PPM America Floating Rate Income Fund
JNL/PPM America High Yield Bond Fund
JNL/PPM America Mid Cap Value Fund
JNL/PPM America Small Cap Value Fund
JNL/PPM America Value Equity Fund
JNL/Red Rocks Listed Private Equity Fund
JNL/Scout Unconstrained Bond Fund
JNL/T. Rowe Price Established Growth Fund
JNL/T. Rowe Price Mid-Cap Growth Fund
JNL/T. Rowe Price Short-Term Bond Fund
JNL/T. Rowe Price Value Fund
 

A-3

 
 
 
Funds
 
 
JNL/Westchester Capital Event Driven Fund
JNL/WMC Balanced Fund
JNL/WMC Money Market Fund
JNL/WMC Value 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/S&P Mid 3 Fund
JNL/S&P International 5 Fund
JNL/S&P 4 Fund
JNL/S&P Managed Conservative Fund
JNL/S&P Managed Moderate Fund
JNL/S&P Managed Moderate Growth Fund
JNL/S&P Managed Growth Fund
JNL/S&P Managed Aggressive Growth Fund
JNL Disciplined Moderate Fund
JNL Disciplined Moderate Growth Fund
JNL Disciplined Growth Fund
 
 

A-4

 
Schedule B
Dated April 27, 2015
 (Compensation)
 


 
Fund
 
Assets
 
Advisory Fee
(Annual Rate Based on Average
Net Assets of each Fund)
 
JNL/American Funds Blue Chip Income and Growth Fund
 
$0 to $1 billion
Over $1 billion
.70%
.65%
 JNL/American Funds Global Bond Fund
 
$0 to $1 billion
Over $1 billion
.70%
.65%
 JNL/American Funds Global Small Capitalization Fund
 
$0 to $1 billion
Over $1 billion
.75%
.70%
 JNL/American Funds Growth-Income Fund 
$0 to $1 billion
Over $1 billion
.70%
.65%
 JNL/American Funds International Fund
$0 to $1 billion
Over $1 billion
.85%
.80%
 JNL/American Funds New World Fund
$0 to $1 billion
Over $1 billion
1.05%
1.00%
 JNL Multi-Manager Alternative Fund
 
$0 to $1 billion
Over $1 billion
1.75%
1.70%
JNL Institutional Alt 20 Fund
 
$0 to $500 million
Over $500 million
.15%
.10%
JNL Institutional Alt 35 Fund
 
$0 to $500 million
Over $500 million
.15%
.10%
JNL Institutional Alt 50 Fund
$0 to $500 million
Over $500 million
.15%
.10%
JNL Alt 65 Fund
 
$0 to $500 million
Over $500 million
.15%
.10%
 JNL/American Funds Balanced Allocation Fund
$0 to $1 billion
Over $1 billion
.300%
.275%
 JNL/American Funds Growth Allocation Fund
 
$0 to $1 billion
Over $1 billion
.300%
.275%
JNL/AllianceBernstein Dynamic Asset Allocation Fund
$0 to $1 billion
Over $1 billion
.75%
.70%
JNL/AQR Managed Futures Strategy Fund
$0 to $500 million
$500 million to $1 billion
Over $1 billion
.95%
.90%
.85%
JNL/BlackRock Commodity Securities Strategy Fund
 
$0 to $300 million
Over $300 million
.70%
.60%
JNL/BlackRock Global Allocation Fund
 
$0 to $1 billion
Over $1 billion
.75%
.70%
 

B-1

 
     
 
 Fund
 
Assets
 
Advisory Fee
(Annual Rate Based on Average
Net Assets of each Fund)
 
JNL/BlackRock Large Cap Select Growth Fund
 
 
$0 to $150 million
$150 million to $500 million
$500 million to $750 million
Over $750 million
.70%
.65%
.60%
.55%
JNL/Boston Partners Global Long Short Equity Fund
$0 to $1 billion
Over $1 billion
1.20%
1.15%
JNL/Brookfield Global Infrastructure and MLP Fund
 
$0 to $1 billion
Over $1 billion
.80%
.75%
JNL/Capital Guardian Global Balanced Fund
$0 to $500 million
Over $500 million
.65%
.60%
JNL/Capital Guardian Global Diversified Research Fund
$0 to $150 million
$150 million to $500 million
$500 million to $750 million
Over $750 million
.75%
.70%
.65%
.60%
JNL/DFA U.S. Core Equity Fund
$0 to $100 million
$100 million to $300 million
Over $300 million
.65%
.60%
.55%
JNL/Eagle SmallCap Equity Fund
$0 to $100 million
$100 million to $500 million
Over $500 million
.75%
.70%
.65%
JNL/Eastspring Investments Asia ex-Japan Fund
$0 to $500 million
Over $500 million
.90%
.85%
JNL/Eastspring Investments China-India Fund
 
$0 to $500 million
Over $500 million
.90%
.85%
JNL/Franklin Templeton Founding Strategy Fund
All Assets
 0%
JNL/Franklin Templeton Global Growth Fund
$0 to $300 million
$300 million to $500 million
Over $500 million
.75%
.65%
.60%
 JNL/Franklin Templeton Global Multisector Bond Fund
 
$0 to $1 billion
$1 billion to $2 billion
Over $2 billion
.75%
.70%
.65%
JNL/Franklin Templeton Income Fund
 
 
$0 to $100 million
$100 million to $200 million
$200 million to $500 million
Over $500 million
.80%
.75%
.65%
.60%
JNL/Franklin Templeton International
Small Cap Growth Fund
$0 to $500 million
Over $500 million
.95%
.90%
JNL/Franklin Templeton Mutual Shares Fund
$0 to $500 million
Over $500 million
.75%
.70%
JNL/Franklin Templeton Small Cap Value Fund
 
 
$0 to $200 million
$200 million to $500 million
Over $500 million
.85%
.77%
.75%
 

B-2

 
     
 
Fund
 
Assets
 
Advisory Fee
(Annual Rate Based on Average
Net Assets of each Fund)
 
JNL/Goldman Sachs Core Plus Bond Fund
 
 
$0 to $500 million
$500 million to $1 billion
Over $1 billion
.60%
.55%
.50%
JNL/Goldman Sachs Emerging Markets Debt Fund
 
 
$0 to $200 million
$200 million to $1 billion
Over $1 billion
.75%
.70%
.675%
JNL/Goldman Sachs Mid Cap Value Fund
 
$0 to $100 million
Over $100 million
.75%
.70%
JNL/Goldman Sachs U.S. Equity Flex Fund
 
$0 to $300 million
Over $300 million
.80%
.75%
JNL/Harris Oakmark Global Equity Fund
 
$0 to $1 billion
Over $1 billion
.85%
.80%
JNL/Invesco Global Real Estate Fund
$0 to $50 million
Over $50 million
.75%
.70%
JNL/Invesco International Growth Fund
 
 
$0 to $150 million
$150 million to $500 million
Over $500 million
.70%
.65%
.60%
JNL/Invesco Large Cap Growth Fund
 
$0 to $150 million
Over $150 million
.70%
.65%
JNL/Invesco Mid Cap Value Fund
$0 to $50 million
$50 million to $250 million
Over $250 million
.75%
.70%
.65%
JNL/Invesco Small Cap Growth Fund
 
$0 to $300 million
Over $300 million
.85%
.80%
JNL/Ivy Asset Strategy Fund
 
 
$0 to $500 million
$500 million to $1.5 billion
$1.5 billion to $3 billion
Over $3 billion
.90%
.85%
.825%
.75%
JNL/JPMorgan International Value Fund
$0 to $150 million
$150 million to $500 million
Over $500 million
.70%
.65%
.60%
JNL/JPMorgan MidCap Growth Fund
$0 to $250 million
$250 million to $750 million
$750 million to $1,500 million
Over $1,500 million
.70%
.65%
.60%
.55%
JNL/JPMorgan U.S. Government & Quality Bond Fund
 
 
$0 to $150 million
$150 million to $300 million
$300 million to $500 million
Over $500 million
.50%
.45%
.40%
.35%
JNL/Lazard Emerging Markets Fund
 
 
$0 to $100 million
$100 million to $250 million
Over $250 million
1.00%
.90%
.85%
JNL/Mellon Capital 10 x 10 Fund
All assets
0%
 

B-3

 
     
Fund
 Assets
 
 Advisory Fee
(Annual Rate Based on Average
Net Assets of each Fund)
 
JNL/Mellon Capital Index 5 Fund
All assets
0%
JNL/Mellon Capital Emerging Markets Index Fund
$0 to $500 million
Over $500 million
.40%
.35%
JNL/Mellon Capital European 30 Fund
$0 to $50 million
$50 million to $100 million
Over $100 million
.37%
.31%
.28%
JNL/Mellon Capital Pacific Rim 30 Fund
 
 
$0 to $50 million$50 million to $100 million
Over $100 million
 
.37%
.31%
.28%
JNL/Mellon Capital S&P 500 Index Fund
 
 
$0 to $500 million
$500 million to $750 million
Over $750 million
.28%
.24%
.23%
JNL/Mellon Capital S&P 400 MidCap Index Fund
 
$0 to $500 million
$500 million to $750 million
Over $750 million
.29%
.24%
.23%
JNL/Mellon Capital Small Cap Index Fund
 
 
$0 to $500 million
$500 million to $750 million
Over $750 million
.29%
.24%
.23%
JNL/Mellon Capital International Index Fund
 
 
$0 to $500 million
$500 million to $750 million
Over $750 million
.30%
.25%
.24%
JNL/Mellon Capital Bond Index Fund
 
$0 to $500 million
$500 million to $750 million
Over $750 million
.30%
.25%
.24%
JNL/Mellon Capital Dow Jones U.S. Contrarian Opportunities Index Fund
 
$0 to $1 billion
Over $1 billion
.325%
.300%
JNL/Mellon Capital Utilities Sector Fund
$0 to $50 million
$50 million to $100 million
$100 million to $750 million
Over $750 million
.34%
.31%
.28%
.27%
JNL/MMRS Conservative Fund
$0 to $1 billion
Over $1 billion
.30%
.25%
JNL/MMRS Growth Fund
$0 to $1 billion
Over $1 billion
.30%
.25%
JNL/MMRS Moderate Fund
$0 to $1 billion
Over $1 billion
.30%
.25%
JNL/Morgan Stanley Mid Cap Growth Fund
 
$0 to $1 billion
Over $1 billion
.75%
.70%
JNL/Neuberger Berman Strategic Income Fund
 
 
$0 to $500 million
$500 million to $1 billion
Over $1 billion
.60%
.55%
.50%
JNL/Oppenheimer Emerging Markets Innovator Fund
 
$0 to $1 billion
Over $1 billion
1.10%
1.05%
 

B-4

 
     
 
  Fund
 
 Assets
 
  Advisory Fee
(Annual Rate Based on Average
Net Assets of each Fund)
 
JNL/Oppenheimer Global Growth Fund
 
$0 to $300 million
Over $300 million
.70%
.60%
JNL/PIMCO Real Return Fund
$0 to $1 billion
Over $1 billion
.50%
.475%
JNL/PIMCO Total Return Bond Fund
 
$0 to $3 billion
Over $3 billion
.50%
.49%
JNL/PPM America Floating Rate Income Fund
$0 to $500 million
Over $500 million
.65%
.60%
JNL/PPM America High Yield Bond Fund
 
 
$0 to $150 million
$150 million to $500 million
Over $500 million
.50%
.45%
.425%
JNL/PPM America Mid Cap Value Fund
$0 to $500 million
Over $500 million
.75%
.70%
JNL/PPM America Small Cap Value Fund
$0 to $500 million
Over $500 million
.75%
.70%
JNL/PPM America Value Equity Fund
$0 to $300 million
Over $300 million
.55%
.50%
JNL/Red Rocks Listed Private Equity Fund
$0 to $200 million
Over $200 million
.85%
.80%
JNL/Scout Unconstrained Bond Fund
$0 to $1 billion
Over $1 billion
.65%
.60%
JNL/T. Rowe Price Established Growth Fund
$0 to $150 million
$150 million to $500 million
Over $500 million
.65%
.60%
.55%
JNL/T. Rowe Price Mid-Cap Growth Fund
$0 to $150 million
Over $150 million
.75%
.70%
JNL/T. Rowe Price Short-Term Bond Fund
$0 to $250 million
$250 million to $1.5 billion
Over $1.5 billion
.45%
.40%
.375%
JNL/T. Rowe Price Value Fund
$0 to $150 million
$150 million to $500 million
Over $500 million
.70%
.65%
.60%
JNL/Westchester Capital Event Driven Fund
$0 to $1 billion
Over $1 billion
1.10%
.95%
JNL/WMC Balanced Fund
$0 to $50 million
$50 million to $150 million
$150 million to $300 million
$300 million to $500 million
Over $500 million
.55%
.50%
.475%
.45%
.425%
JNL/WMC Money Market Fund
$0 to $500 million
Over $500 million
0.28%
0.25%
 

B-5

 
     
 
 Fund
 
 Assets
 
  Advisory Fee
(Annual Rate Based on Average
Net Assets of each Fund)
 
JNL/WMC Value Fund
$0 to $300 million
$300 million to $500 million
Over $500 million
.55%
.50%
.45%
JNL/S&P Competitive Advantage Fund
$0 to $500 million
Over $500 million
.40%
.35%
JNL/S&P Dividend Income & Growth Fund
$0 to $500 million
Over $500 million
.40%
.35%
JNL/S&P Intrinsic Value Fund
$0 to $500 million
Over $500 million
.40%
.35%
JNL/S&P Total Yield Fund
$0 to $500 million
Over $500 million
.40%
.35%
JNL/S&P Mid 3 Fund
$0 to $1 billion
Over $1 billion
.50%
.45%
JNL/S&P International 5 Fund
$0 to $1 billion
Over $1 billion
.45%
.40%
JNL/S&P 4 Fund
All Assets
 0%
JNL/S&P Managed Conservative Fund
$0 to $500 million
Over $500 million
.13%
.08%
JNL/S&P Managed Moderate Fund
$0 to $500 million
Over $500 million
.13%
.08%
JNL/S&P Managed Moderate Growth Fund
$0 to $500 million
Over $500 million
.13%
.08%
JNL/S&P Managed Growth Fund
$0 to $500 million
Over $500 million
.13%
.08%
JNL/S&P Managed Aggressive Growth Fund
$0 to $500 million
Over $500 million
.13%
.08%
JNL Disciplined Moderate Fund
$0 to $500 million
Over $500 million
.13%
.08%
JNL Disciplined Moderate Growth Fund
$0 to $500 million
Over $500 million
.13%
.08%
JNL Disciplined Growth Fund
$0 to $500 million
Over $500 million
.13%
.08%
 


 B-6