EX-99.D ADVSR CONTR 63 exd45xxvmellonsuband190624.htm

Ex. 99.28(d)(45)(xxv)

Amendment to

 

Amended and Restated

 

Investment Sub-Advisory Agreement Between

 

Jackson National Asset Management, LLC

 

and Mellon Investments Corporation

 

(originally, 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 Investments Corporation (originally, 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 (each a “Fund,” and collectively, 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 new Funds, Fund name changes, and fee changes for certain Funds, effective June 24, 2019:

 

New Funds:

 

1) JNL/RAFI® Fundamental U.S. Small Cap Fund; and
2) JNL/RAFI® Multi-Factor U.S. Equity Fund.

 

Fund Name Changes:

 

1) JNL/Mellon Capital Bond Index Fund change to JNL/Mellon Bond Index Fund;
2) JNL/Mellon Capital Consumer Staples Sector Fund change to JNL/Mellon Consumer Staples Sector Fund;
3) JNL/Mellon Capital Emerging Markets Index Fund change to JNL/Mellon Emerging Markets Index Fund;
4) JNL/Mellon Capital Industrials Sector Fund change to JNL/Mellon Industrials Sector Fund;
5) JNL/Mellon Capital International Index Fund change to JNL/Mellon International Index Fund;
6) JNL/Mellon Capital Materials Sector Fund change to JNL/Mellon Materials Sector Fund;
7) JNL/Mellon Capital MSCI KLD 400 Social Index Fund change to JNL/Mellon MSCI KLD 400 Social Index Fund;
8) JNL/Mellon Capital Real Estate Sector Fund change to JNL/Mellon Real Estate Sector Fund.
9) JNL/Mellon Capital S&P 1500 Growth Index Fund change to JNL/Mellon S&P 1500 Growth Index Fund;
10) JNL/Mellon Capital S&P 1500 Value Index Fund change to JNL/Mellon S&P 1500 Value Index Fund;
11) JNL/Mellon Capital S&P 500 Index Fund change to JNL/Mellon S&P 500 Index Fund;
12) JNL/Mellon Capital S&P 400 MidCap Index Fund change to JNL/Mellon S&P 400 MidCap Index Fund;
13) JNL/Mellon Capital Small Cap Index Fund change to JNL/Mellon Small Cap Index Fund;
14) JNL/Mellon Capital Utilities Sector Fund change to JNL/Mellon Utilities Sector Fund;
15) JNL/Mellon Capital Pacific Rim 30 Fund change to JNL/RAFI® Fundamental Asia Developed Fund; and
16) JNL/Mellon Capital European 30 Fund change to JNL/RAFI® Fundamental Europe Fund.

 

 

 

Fee Changes:

 

1) JNL/Mellon Capital European 30 Fund, which will be the JNL/RAFI® Fundamental Europe Fund, pursuant to the Fund name change outlined above; and
2) JNL/Mellon Capital Pacific Rim 30 Fund, which will be the JNL/RAFI® Fundamental Asia Developed Fund, pursuant to the Fund name change outlined above.

 

Whereas, the Parties have agreed to amend the Agreement, to add the new Funds and its fees, to reflect the Fund name changes, and to update the fees for the Funds outlined above, effective June 24, 2019.

 

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 June 24, 2019, attached hereto.

 

2) Schedule B to the Agreement is hereby deleted and replaced, in its entirety, with Schedule B dated June 24, 2019, 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 June 24, 2019.

 

Jackson National Asset Management, LLC

Mellon Investments Corporation

(originally, Mellon Capital Management Corporation)
           
By: /s/ Mark D. Nerud   By: /s/ Rose Huening-Clark  
Name: Mark D. Nerud   Name: Rose Huening-Clark  
Title: President and CEO   Title: Managing Director  

 

 

 

Schedule A

Dated June 24, 2019

 

 

   
Funds

 

JNL S&P 500 Index Fund

 

 

JNL/Mellon Bond Index Fund

 

 

JNL/Mellon Consumer Staples Sector Fund

 

 

JNL/Mellon Emerging Markets Index Fund

 

 

JNL/Mellon Industrials Sector Fund

 

 

JNL/Mellon International Index Fund

 

 

JNL/Mellon Materials Sector Fund

 

 

JNL/Mellon MSCI KLD 400 Social Index Fund

 

 

JNL/Mellon Real Estate Sector Fund

 

 

JNL/Mellon S&P 1500 Growth Index Fund

 

 

JNL/Mellon S&P 1500 Value Index Fund

 

 

JNL/Mellon S&P 500 Index Fund

 

 

JNL/Mellon S&P 400 MidCap Index Fund

 

 

JNL/Mellon Small Cap Index Fund

 

 

JNL/Mellon Utilities Sector Fund

 

 

JNL/RAFI® Fundamental Asia Developed Fund

 

 

JNL/RAFI® Fundamental Europe Fund

 

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

 

 

 

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

 

 

JNL/Vanguard Moderate ETF Allocation Fund

 

 

JNL/Vanguard Moderate Growth ETF Allocation Fund

 

 

JNL/Morningstar Wide Moat Index Fund

 
   

 

A-1

 

Schedule B

Dated June 24, 2019

(Compensation)

 

 

   

 

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 Bond Index Fund

 

 

Average Daily Net Assets

 

 

Annual Rate

 

 

$0 to $500 million

 

 

0.030%

 

$500 million to $2 billion

 

 

0.015%

 

Over $2 billion

 

 

0.010%
   

 

   

 

JNL/Mellon Consumer Staples Sector Fund

 

 

Average Daily Net Assets

 

 

Annual Rate

 

 

$0 to $500 million

 

 

0.030%

 

$500 million to $2 billion

 

 

0.015%

 

Over $2 billion

 

 

0.010%
   

 

   

 

JNL/Mellon Emerging Markets Index Fund

 

 

Average Daily Net Assets

 

 

Annual Rate

 

 

$0 to $500 million

 

 

0.030%

 

$500 million to $2 billion

 

 

0.015%

 

Over $2 billion

 

 

0.010%
   

 

   

 

JNL/Mellon Industrials Sector Fund

 

 

Average Daily Net Assets

 

 

Annual Rate

 

 

$0 to $500 million

 

 

0.030%

 

$500 million to $2 billion

 

 

0.015%

 

Over $2 billion

 

 

0.010%
   

 

   

 

JNL/Mellon International Index Fund

 

 

Average Daily Net Assets

 

 

Annual Rate

 

 

$0 to $500 million

 

 

0.030%

 

$500 million to $2 billion

 

 

0.015%

 

Over $2 billion

 

 

0.010%
   

 

B-1

 

 

   

 

JNL/Mellon Materials Sector Fund

 

 

Average Daily Net Assets

 

 

Annual Rate

 

 

$0 to $500 million

 

 

0.030%

 

$500 million to $2 billion

 

 

0.015%

 

Over $2 billion

 

 

0.010%
   

 

   

 

JNL/Mellon MSCI KLD 400 Social Index Fund

 

 

Average Daily Net Assets

 

 

Annual Rate

 

 

$0 to $500 million

 

 

0.030%

 

$500 million to $2 billion

 

 

0.015%

 

Over $2 billion

 

 

0.010%
   

 

   

 

JNL/Mellon Real Estate Sector Fund

 

 

Average Daily Net Assets

 

 

Annual Rate

 

 

$0 to $500 million

 

 

0.030%

 

$500 million to $2 billion

 

 

0.015%

 

Over $2 billion

 

 

0.010%
   

 

   

 

JNL/Mellon S&P 1500 Growth Index Fund

 

 

Average Daily Net Assets

 

 

Annual Rate

 

 

$0 to $500 million

 

 

0.030%

 

$500 million to $2 billion

 

 

0.015%

 

Over $2 billion

 

 

0.010%
   

 

   

 

JNL/Mellon S&P 1500 Value Index Fund

 

 

Average Daily Net Assets

 

 

Annual Rate

 

 

$0 to $500 million

 

 

0.030%

 

$500 million to $2 billion

 

 

0.015%

 

Over $2 billion

 

 

0.010%
   

 

   

 

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-2

 

 

   

 

JNL/Mellon S&P 400 MidCap Index Fund

 

 

Average Daily Net Assets

 

 

Annual Rate

 

 

$0 to $3 billion

 

 

0.010%

 

Over $3 billion

 

 0.005%
   

 

   

 

JNL/Mellon Small Cap Index Fund

 

 

Average Daily Net Assets

 

 

Annual Rate

 

 

$0 to $3 billion

 

 

0.010%

Over $3 billion

 

 0.005%
   

 

   

 

JNL/Mellon Utilities Sector Fund

 

 

Average Daily Net Assets

 

 

Annual Rate

 

 

$0 to $500 million

 

 

0.030%

 

$500 million to $2 billion

 

 

0.015%

 

Over $2 billion

 

 

0.010%
   

 

   

 

JNL/RAFI® Fundamental Asia Developed Fund

 

 

Average Daily Net Assets

 

 

Annual Rate

 

 

$0 to $500 million

 

 

0.030%

 

$500 million to $2 billion

 

 

0.015%

 

Over $2 billion

 

 

0.010%
   

 

   

 

JNL/RAFI® Fundamental Europe Fund

 

 

Average Daily Net Assets

 

 

Annual Rate

 

 

$0 to $500 million

 

 

0.030%

 

$500 million to $2 billion

 

 

0.015%

 

Over $2 billion

 

 

0.010%
   

 

 

 

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

 

 

Average Daily Net Assets

 

 

Annual Rate

 

 

$0 to $500 million

 

 

0.030%

 

$500 million to $2 billion

 

 

0.015%

 

Over $2 billion

 

 

0.010%
 

 

B-3

 

 

 

 

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

 

 

Average Daily Net Assets

 

 

Annual Rate

 

 

$0 to $500 million

 

 

0.030%

 

$500 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 $500 million

 

 

0.030%

 

Over $500 million

 

 

0.015%
   

 

   

 

JNL/S&P Dividend Income & Growth Fund

 

 

Average Daily Net Assets

 

 

Annual Rate

 

 

$0 to $500 million

 

 

0.030%

 

Over $500 million

 

 

0.015%
   

 

   

 

JNL/S&P International 5 Fund

 

 

Average Daily Net Assets

 

 

Annual Rate

 

 

$0 to $500 million

 

 

0.030%

 

Over $500 million

 

 

0.015%
   

 

   

 

JNL/S&P Intrinsic Value Fund

 

 

Average Daily Net Assets

 

 

Annual Rate

 

 

$0 to $500 million

 

 

0.030%

 

Over $500 million

 

 

0.015%
   

 

   

 

JNL/S&P Mid 3 Fund

 

 

Average Daily Net Assets

 

 

Annual Rate

 

 

$0 to $500 million

 

 

0.030%

 

Over $500 million

 

 

0.015%
   

 

   

 

JNL/S&P Total Yield Fund

 

 

Average Daily Net Assets

 

 

Annual Rate

 

 

$0 to $500 million

 

 

0.030%

 

Over $500 million

 

 

0.015%
   

 

B-4

 

 

   

 

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 Investments Corporation.

 

   

 

JNL/Vanguard Growth ETF Allocation Fund

 

 

Average Daily Net Assets

 

 

Annual Rate

 

 

$0 to $500 million

 

 

0.030%

 

$500 million to $2 billion

 

 

0.015%

 

Over $2 billion

 

 

0.010%
   

 

   

 

JNL/Vanguard Moderate ETF Allocation Fund

 

 

Average Daily Net Assets

 

 

Annual Rate

 

 

$0 to $500 million

 

 

0.030%

 

$500 million to $2 billion

 

 

0.015%

 

Over $2 billion

 

 

0.010%
   

 

   

 

JNL/Vanguard Moderate Growth ETF Allocation Fund

 

 

Average Daily Net Assets

 

 

Annual Rate

 

 

$0 to $500 million

 

 

0.030%

 

$500 million to $2 billion

 

 

0.015%

 

Over $2 billion

 

 

0.010%
   

 

   

 

JNL/Morningstar Wide Moat Index Fund

 

 

Average Daily Net Assets

 

 

Annual Rate

 

 

$0 to $500 million

 

 

0.030%

 

$500 million to $2 billion

 

 

0.015%

 

Over $2 billion

 

 

0.010%
   

 

 

B-5