Jackson National Asset Management, LLC
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Invesco Advisers, Inc.
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By: | /s/ Mark D. Nerud | By: | /s/ Brian Thorp | |||||
Name: |
Mark D. Nerud
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Name: |
Brian Thorp
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Title: |
President and CEO
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Title: | Vice President |
JNL Multi-Manager Alternative Fund
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JNL/Invesco Global Real Estate Fund
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Average Daily Net Assets
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AnnualRate(1)
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$0 to $50 Million
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0.50%
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Amounts over $50 Million
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0.45%
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JNL/Invesco International Growth Fund
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Average Daily Net Assets
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Annual Rate(1)
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$0 to $250 Million
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0.40%
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$250 Million to $750 Million
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0.35%
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$750 Million to $1 Billion
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0.30%
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$1 Billion to $2 Billion
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0.275%
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Amounts over $2 Billion
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0.25%
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JNL/Invesco Large Cap Growth Fund
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Average Daily Net Assets
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Annual Rate(1)
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$0 to $500 Million
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0.35%**
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Amounts over $500 Million
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0.325%**
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**
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For the purpose of calculating the sub-adviser fee for the JNL/Invesco Large Cap Growth Fund, assets must be combined with assets of the JNL/Invesco Global Real Estate Fund, the JNL/Invesco International Growth Fund, and the JNL/Invesco Small Cap Growth Fund. For combined net assets greater than $1 billion, the sub-adviser fee will be 0.325% for average daily net assets between $0-$2 billion and 0.275% for average daily net assets exceeding $2 billion for the JNL/Invesco Large Cap Growth Fund.
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JNL/Invesco Mid Cap Value Fund
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Average Daily Net Assets
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Annual Rate(1)
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$0 to $250 Million
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0.45%
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$250 to $500 Million
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0.40%
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Amounts Over $500 Million
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0.35%
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JNL/Invesco Small Cap Growth Fund
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Average Daily Net Assets
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Annual Rate(1)
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All Assets
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0.55%***
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(1)
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For the purpose of calculating the sub-advisory fee for the JNL Multi-Manager Alternative Fund (the portion of Average Daily Net Assets managed by Invesco Advisers, Inc.), the JNL/lnvesco International Growth Fund, the JNL/lnvesco Global Real Estate Fund, the JNL/lnvesco Large Cap Growth Fund, the JNL/lnvesco Mid Cap Value Fund, and the JNL/lnvesco Small Cap Growth Fund, the following fee discount will be applied to total sub-advisory fees based on the average daily aggregate net assets of the Funds: 2.5% fee reduction for assets between $2.5 billion and $5 billion, 5% fee reduction for assets between $5 billion and $7.5 billion, 7.5% fee reduction for assets between $7.5 billion and $10 billion, a 10% fee reduction for assets over $10 billion.
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