EX-99.77Q1 OTHR EXHB 3 c_amendmenttoamended77q1.htm AMENDMENT TO AMENDED AND RESTATED ADVISORY AGREEMENT jhfiiadvsept2012v2withturner.htm

 

JOHN HANCOCK FUNDS II

AMENDMENT TO AMENDED AND RESTATED ADVISORY AGREEMENT

 

 

                        AMENDMENT (the “Amendment”) made this 1st day of October, 2012, to the Amended and Restated Advisory Agreement dated September 26, 2008, between John Hancock Funds II, a Massachusetts business trust (the “Trust”) and John Hancock Investment Management Services, LLC, a Delaware limited liability company (“JHIMS” or the “Adviser”).  In consideration of the mutual covenants contained herein, the parties agree as follows:

 

 

1.         CHANGE IN APPENDIX A

 

Appendix A is amended to (i) reduce the advisory fees for Active Bond Fund, Mutual Shares Fund and Strategic Income Opportunities Fund and (ii) add the following new series:

 

International Growth Equity Fund

 

 

2.         EFFECTIVE DATE

 

            The Amendment shall become effective with respect to (i) the reduction of advisory fees for Active Bond Fund, Mutual Shares Fund and Strategic Income Opportunities Fund on October 1, 2012 following approval of the Amendment by the Board of Trustees of the Trust.and (ii) the addition of International Growth Equity Fund as a new series on October 17, 2012 following approval of the Amendment by the Board of Trustees of the Trust.

 

 

 

John Hancock Funds II

 

 

By:  /s/ Hugh McHaffie                                  

 

 

John Hancock Investment Management Services, LLC

 

 

By:  /s/ Leo Zerilli__________________ 

            Leo Zerilli

            Senior Vice President

 

 

 

 

 

APPENDIX A

 

 

ADVISORY FEE SCHEDULES

 

The Adviser shall serve as investment adviser for each Fund of the Trust listed below.  The Trust will pay the Adviser, as full compensation for all services provided under this Agreement with respect to each Fund, the fee computed separately for such Fund at an annual rate as follows (the "Adviser Fee").

 

The term Aggregate Net Assets in the chart below includes the net assets of a Fund of the Trust.  It also includes with respect to certain Funds as indicated in the chart the net assets of one or more other portfolios, but in each case only for the period during which the subadviser for the Fund also serves as the subadviser for the other portfolio(s) and only with respect to the net assets of such other portfolio(s) that are managed by the subadviser.

 

For purposes of determining Aggregate Net Assets and calculating the Adviser Fee, the net assets of the Fund and each other fund of the Trust are determined as of the close of business on the previous business day of the Trust, and the net assets of each portfolio of each other fund are determined as of the close of business on the previous business day of that fund.

 

The Adviser Fee for a Fund shall be based on the applicable annual fee rate for the Fund which for each day shall be equal to (i) the sum of the amounts determined by applying the annual percentage rates in the table to the applicable portions of Aggregate Net Assets divided by (ii) Aggregate Net Assets (the “Applicable Annual Fee Rate”). The Adviser Fee for each Fund shall be accrued and paid daily to the Adviser for each calendar day.  The daily fee accruals will be computed by multiplying the fraction of one over the number of calendar days in the year by the Applicable Annual Fee Rate, and multiplying this product by the net assets of the Fund.  Fees shall be paid either by wire transfer or check, as directed by the Adviser.

 

If, with respect to any Fund, this Agreement becomes effective or terminates, or if the manner of determining the Applicable Annual Fee Rate changes, before the end of any month, the fee (if any) for the period from the effective date to the end of such month or from the beginning of such month to the date of termination or from the beginning of such month to the date of such change, as the case may be, shall be prorated according to the proportion which such period bears to the full month in which such effectiveness or termination or change occurs.

2

 

 

Advisory Fee Schedules

 

Trust Portfolio

Aggregate Net Assets Include the Net Assets of the following funds in addition to the Trust Portfolio

Advisory Fee of the Trust Portfolio

 

 

 

Active Bond Fund

Active Bond Trust (JHVIT)

0.600% first $2.5 billion;

0.575% next $2.5 billion; and

0.550% excess over $5 billion

 

 

 

 

All Cap Core Fund

All Cap Core Trust (JHVIT)

0.800% — first $500 million; and 0.750% — excess over $500 million.

 

 

 

All Cap Value Fund

All Cap Value Trust (JHVIT)

0.800% — first $500 million; and

0.750% — excess over $500 million.

 

 

 

Alpha Opportunities Fund

Alpha Opportunities Trust (JHVIT)

1.025% — first $250 million;

1.00%— next $250 million;

0.975% — next $500 million; and

0.950%— excess over $1 billion.

 

 

 

Alternative Asset Allocation Fund

N/A

See below

 

 

 

Blue Chip Growth Fund

Blue Chip Growth Trust (JHVIT)

 

0.825% — first $1 billion; and

0.775% — excess over $1 billion.*

*When Aggregate Net Assets exceed $1 billion on any day, the annual rate of advisory fee for that day is 0.800% on the first $1 billion of Aggregate Net Assets.

 

 

 

Capital Appreciation Fund

Capital Appreciation Trust (JHVIT)

0.850% — first $300 million; 0.800% — between $300 million and $500 million; 0.700% — between $500 million and $1 billion; and 0.670% — excess over $1 billion.

 

Capital Appreciation Value Fund

Capital Appreciation Value Trust (JHVIT)

See below

 

 

 

 

China Emerging Leaders Fund

 

N/A

 

1.100% — first $500 million;

1.050%— next $500 million; and

1.000% — excess over $1 billion.

 

 

 

Core Allocation Plus Fund

Core Allocation Plus Trust (JHVIT)

0.915% ---- first $500 million; and 0.865% ---- excess over $500 million

 

 

 

Core Bond Fund

Core Bond Trust (JHVIT)

0.690% — first $200 million; 0.640% — next $200 million; and 0.570% — excess over $400 million.

 

 

 

Core Diversified Growth & Income Portfolio

See below

See below

 

 

 

Core Fundamental Holdings Portfolio

See below

See below

 

 

 

Core Global Diversification Portfolio

See below

See below

 

 

 

Currency Strategies Fund

Currency Strategies Trust (JHVIT)

0.950% — first $250 million;

0.900% — next $250 million; and

0.850% — excess over $500 million.

 

 

 

Diversified Strategies Fund

N/A

See below

 

 

 

Emerging Markets Fund

Emerging Markets Value Trust (JHVIT)

 

1.00% — first $100 million; 0.950% - excess over $100 million

Emerging Markets Debt Fund

Not applicable

0.725% — first $250 million; 0.700% — next $500 million; and 0.675% — excess over $750 million.

 

 

 

 

 

 

 

 

 

 

Equity-Income Fund

Equity-Income Trust (JHVIT)

0.825% — first $1 billion; and

0.775% — excess over $1 billion.*

*When Aggregate Net Assets exceed $1 billion on any day, the annual rate of advisory fee for that day is 0.800% on the first $1 billion of Aggregate Net Assets.

 

 

 

Financial Services Fund

Financial Services Trust (JHVIT)

0.800% — first $50 million;

0.775%— next $450 million; and

0.750% — excess over $500 million.

 

 

 

Floating Rate Income Fund

N/A

0.700% — first $1.1 billion; 0.675% — next $0.90 billion; and 0.650% — excess over $2 billion.

 

 

 

Fundamental All Cap Core Fund

Fundamental All Cap Core Trust (JHVIT)

0.675% — first $2.5 billion;

0.650% — excess over $2.5 billion.

 

 

 

Fundamental Global Franchise Fund

N/A

0.800% --- first $1 billion; and

0.780% --- excess over $1 billion.

 

 

 

Fundamental Large Cap Core Fund

N/A

0.725% — first $500 million; 0.700% — next $500 million; 0.675% — next $500 million; and 0.650% — excess over $1.5 billion.

 

 

 

Fundamental Large Cap Value Fund

Fundamental Large Cap Value Trust (JHVIT)

0.70% — first $500 million; 0.65% — next $500 million; and 0.60% — excess over $1 billion.

 

 

 

Fundamental Value Fund

Fundamental Value Trust (JHVIT)

0.800% — first $50 million; 0.775% — next $450 million; and 0.750% — excess over $500 million.

 

 

 

Global Fund

JHVIT

Global Trust

International Value Trust

Income Trust

Mutual Shares Trust

 

JHF II

International Value Fund

Income Fund

Mutual Shares Fund

International Small Cap Fund

 

0.850% first $1 billion; and

0.800% excess over $1 billion.

 

Global Absolute Return Strategies Fund

N/A

1.300% --- first $200 million;

1.250% --- next $300 million;

1.200% --- excess over $500 million.*

* Rate applies retroactively to all assets at or below $500 million.

 

Global Bond Fund

Global Bond Trust (JHVIT)

0.700% — at all asset levels.

 

 

 

Global High Yield Fund

N/A

0.825% — first $250 million;

0.790%— next $500 million; and

0.770% — excess over $750 million.

 

Global Real Estate Fund

N/A

0.900% — first $500 million;

0.875% — next $250 million; and

0.850% — excess over $750 million.

 

 

 

 

 

 

Health Sciences Fund

Health Sciences Trust (JHVIT)

1.050% --- first $500 million; and

1.000% --- excess over $500 million.

 

 

 

Heritage Fund

(formerly, Vista Fund)

Heritage Trust (JHVIT)

0.850% — first $400 million;

0.825% — next $600 million; and

0.800% — excess over $1 billion.

 

 

 

High Income Fund

N/A

0.725% — first $150 million; 0.675% — between $150 million and $500 million; 0.650% — between $500 million and $2.5 billion; and 0.600% — excess over $2.5 billion.

 

 

 

High Yield Fund

High Yield Trust (JHVIT)

0.700% — first $500 million; and 0.650% — excess over $500 million.

 

 

 

Income Fund

JHVIT

Income Trust

International Value Trust

Global Trust

Mutual Shares Trust

 

JHF II

International Small Cap Fund

International Value Fund

Global Fund

Mutual Shares Fund

 

1.075% first $50 million;

0.915% next $150 million;

0.825% next $300 million; and

0.800% excess over $500 million

 

When Aggregate Net Assets exceed $500 million, the advisory fee is 0.800% on all net assets of the Income Fund.

 

International Growth Equity Fund

N/A

 

0.85% — first $750 million of aggregate net assets;

0.80%— next $500 million of aggregate net assets; and

0.75% — excess over $1.25 billion of aggregate net assets.

 

 

 

International Growth Opportunities Fund

N/A

0.975% --- first $100 million;

0.850% --- next $300 million; and

0.750% --- excess over $400 million.

 

 

 

International Growth Stock Fund

International Growth Stock Trust (JHVIT)

 

0.850% — first $250 million;

0.800% — next $500 million; and

0.750% — excess over $750 million.

 

 

 

International Opportunities Fund

International Opportunities Trust (JHVIT)

0.900% — first $750 million; 0.850% — between $750 million and $1.5 billion; and 0.800% — excess over $1.5 billion.

 

 

 

 

International Small Cap Fund

N/A

1.050% — first $200 million; 0.950% — next $300 million; and 0.850% — excess over $500 million.

 

 

 

International Small Company Fund

International Small Company Trust (JHVIT)

0.950% — at all asset levels.

 

 

 

International Value Fund

JHVIT

Global Trust

Income Trust

International Value Trust

Mutual Shares Trust

 

JHF II

Global Fund

Income Fund

International Small Cap Fund

Mutual Shares Fund

 

0.950% first $150 million;

0.850% next $150 million; and

0.800% excess over $300 million

 

When Aggregate Net Assets exceed $300 million, the advisory fee rate is 0.800% on all net assets.

 

 

 

 

Investment Quality Bond Fund

Investment Quality Bond Trust (JHVIT)

0.600% — first $500 million; and

0.550% — excess over $500 million.

 

 

 

Retirement Living Portfolios

Lifecycle Trusts (JHVIT)

See below

 

 

 

Lifestyle Portfolios

Lifestyle Trusts (JHVIT)

See below

 

 

 

Mid Cap Growth Index Fund

N/A

0.530% -- first $50 million; 0.510% -- next $50 million; and

0.490% —excess over $100 million.

 

 

 

Mid Cap Stock Fund

Mid Cap Stock Trust (JHVIT)

0.875% — first $200 million; 0.850% — next $300 million; and 0.825% — excess over $500 million.

 

 

 

Mid Cap Value Equity Fund

Mid Cap Value Equity Trust (JHVIT)

0.875% — first $250 million; and 0.850% — next $250 million; 0.825% — next $500 million; and 0.800% — excess over $1 billion.

 

 

 

Mid Cap Value Index Fund

N/A

0.530% -- first $50 million; 0.510% -- next $50 million; and

0.490% —excess over $100 million.

 

 

 

Mid Value Fund

Mid Value Trust (JHVIT)

1.050% — first $50 million;

1.00% — excess over $50 million.

 

 

 

Money Market Fund

Money Market Trust (JHVIT)

0.500% — first $500 million; and 0.470% — excess over $500 million.

 

 

 

Multi Sector Bond Fund

N/A

0.740% — first $250 million;

0.700%— next $500 million; and

0.675% — excess over $750 million.

 

Mutual Shares Fund

Mutual Shares Trust (JHVIT)

0.960% first $750 million;

0.920% excess over $750 million.#

 

#When Aggregate Net Assets for the JHVIT Mutual Shares Trust and JHF II Mutual Shares Fund exceed $750 million, the advisory fee is 0.92% on all net assets of the Mutual Shares Fund.

 

 

 

 

Natural Resources Fund

Natural Resources Trust (JHVIT)

1.000% — first $1 billion;

0.975% — next $1 billion;

0.950% — excess over $2 billion.

 

 

 

Real Estate Equity Fund

N/A

0.875% — first $250 million; 0.850% — next $250 million; and 0.825% — excess over $500 million.

 

 

 

Real Estate Securities Fund

Real Estate Securities Trust (JHVIT)

0.700% — at all asset levels.

 

 

 

Real Return Bond Fund

Real Return Bond Trust (JHVIT)

0.700% — first $1 billion; and 0.650% — excess over $1 billion.

 

 

 

Redwood Fund

N/A

1.200% --- first $100 million;

1.150% --- next $100 million;

1.100% --- above $200 million, retroactive to prior asset levels; and

1.050% --- excess over $500 million.

 

 

 

Retirement Choices Portfolios

N/A

See below

 

 

 

Science & Technology Fund

Science & Technology Trust (JHVIT)

1.050% — first $500 million; and 1.000% — excess over $500 million.

 

 

 

 

Short Term Government Income Fund

Short Term Government Income Trust (JHVIT)

0.570% — first $250 million; and

0.550% — excess over $250 million.

 

 

 

Small Cap Growth Fund

Small Cap Growth Trust

1.100% — first $100 million; and 1.050% — excess over $100 million.

 

 

 

Small Cap Opportunities Fund

Small Cap Opportunities Trust (JHVIT)

1.000% — first $500 million;

0.950% — next $500 million;

0.900% — next $1 billion.; and

0.850% — excess over $2 billion

 

 

 

Small Cap Value Fund

Small Cap Value Trust (JHVIT)

1.100% — first $100 million;

1.050% — next $500 million; and

1.000% — excess over $600 million

 

 

 

Small Company Growth Fund

JHVIT

Small Company Growth Trust

Small Cap Opportunities Trust

International Growth Stock Trust

Value Trust

 

JHF II

Small Cap Opportunities Fund

International Growth Stock Fund

Value Fund

 

1.050% — first $250 million; and

1.000% — excess over $250 million.

 

The applicable rate is 1.000% on all net assets of the Small Company Growth Fund when the Aggregate Net Assets exceed $1 billion.

 

Small Company Value Fund

Small Company Value Trust (JHVIT)

1.050% — first $500 million; and 1.000% — excess over $500 million.

 

 

 

Smaller Company Growth Fund

Smaller Company Growth Trust (JHVIT)

1.100% — first $125 million;

1.050%— next $250 million;

1.00%— next $625 million; and

0.950% — excess over $1 billion.

 

 

 

Spectrum Income Fund

New Income Trust (JHVIT)

0.800% — first $250 million; and 0.725% — excess over $250 million.

 

 

 

Strategic Equity Allocation Fund

Strategic Equity Allocation Trust (JHVIT)

0.675% -- first $2.5 billion;

0.650% -- next $5 billion;

0.625% -- next $2.5 billion; and

0.600% -- excess over $10 billion  

 

 

 

Strategic Income Opportunities Fund

Strategic Income Opportunities Trust (JHVIT)

0.700% first $500 million;

0.650% next $3 billion; and

0.600% excess over $3.5 billion

 

 

 

Technical Opportunities Fund

N/A

1.20% first $250 million; and

1.15% excess over $250 million.. 

 

 

 

Technical Opportunities Fund II

N/A

1.100% — first $250 million;

1.050% — next $750 million; and

1.000% — over $1 billion.

 

 

 

Total Return Fund

Total Return Trust (JHVIT)

See below

 

 

 

Total Stock Market Index Fund

Total Stock Market Index Trust (JHVIT)

0.490% — first $250 million; 0.480% — next $250 million; and 0.460% — excess over $500 million.

 

 

 

U.S. High Yield Bond Fund

N/A

0.750% — first $200 million; and

0.720% — excess over $200 million.

 

 

 

U.S.Equity Fund

U.S. Equity Trust (JHVIT)

0.780% — first $500 million; 0.760% — next $500 million; and 0.740% — excess over $1 billion.

 

 

 

Value Fund

Value Trust (JHVIT)

0.750% — first $200 million; 0.725% — next $300 million; and 0.650% — excess over $500 million.

 

 

 

 

 

 

 

Capital Appreciation Value Fund

 

 

 

If net assets are less than $500 million, the following fee schedule shall apply:

 

First $250 million of Aggregate Net Assets

Excess Over $250 million of Aggregate Net Assets

0.950%

0.850%

 

If net assets equal or exceed $500 million but are less than $2 billion, the following fee schedule shall apply:

 

First $1 billion of Aggregate Net Assets

Excess Over $1 billion of Aggregate Net Assets

0.850%

0.800%

 

If net assets equal or exceed $2 billion but are less than $3 billion, the following fee schedule shall apply:

 

First $500 million of Aggregate Net Assets

Excess Over $500 million of Aggregate Net Assets

0.850%

0.800%

 

If net assets equal or exceed $3 billion, the following fee schedule shall apply:

 

All Asset Levels

0.800%

 

4

 

 

Total Return Fund

 

 

The Adviser shall serve as investment adviser for the Portfolio of the Trust listed below.  The Trust will pay the Adviser, as full compensation for all services provided under this Agreement with respect to the Portfolio, the fee computed separately for the Portfolio at an annual rate as follows (the "Adviser Fee").

 

Pacific Investment Management Company (“PIMCO”) is the Subadviser to the Portfolio

 

During the period during which PIMCO is the subadviser to the Portfolio, if Relationship Net Assets* equal or exceed $3 Billion, the following fee schedule shall apply:

 

Portfolio

First

$1 Billion

of Total Return

Net Assets** 

Excess Over

$1 Billion

of Total Return

Net Assets** 

Total Return Fund

0.700%

0.675%

 

If Relationship Net Assets* are less than $3 Billion, the following fee schedule shall apply:

 

Portfolio

All Asset Levels

Total Return Fund

0.700%

 

*The term Relationship Net Assets shall mean the aggregate net assets of all portfolios of the John Hancock Trust and the John Hancock Funds II that are subadvised by PIMCO. These funds currently include the Total Return Trust, the Real Return Bond Trust and the Global Bond Trust, each a series of the Trust, and the Total Return Fund, the Real Return Bond Fund and the Global Bond Fund, each a series of John Hancock Funds II.

 

PIMCO is not the Subadviser to the Portfolio

 

If PIMCO is not the subadviser to the Portfolio, the following fee schedule shall apply:

 

Portfolio

First

$1 Billion

of Total Return

Net Assets** 

Excess Over

$1 Billion

of Total Return

Net Assets** 

Total Return Fund

0.700%

0.675%

 

**The term Total Return Net Assets includes the net assets of the Portfolio.  It also includes with respect to the Portfolio the net assets of the Total Return Trust, a series of John Hancock Trust  but only for the period during which the subadviser for the Portfolio also serves as the subadviser for the Total Return Trust.  For purposes of determining Total Return Net Assets and calculating the Advisory Fee, the net assets of the Portfolio are determined as of the close of business on the previous business day of the Trust, and the net assets of the Total Return Trust are determined as of the close of business on the previous business day of that fund.

 

The Adviser Fee for a Portfolio shall be based on the applicable annual fee rate for the Portfolio which for each day shall be equal to (i) the sum of the amounts determined by applying the annual percentage rates in the table to the applicable portions of Total Return Net Assets divided by (ii) Total Return Net Assets (the “Applicable Annual Fee Rate”). The Adviser Fee for each Portfolio shall be accrued and paid daily to the Adviser for each calendar day.  The daily fee accruals will be computed by multiplying the fraction of one over the number of calendar days in the year by the Applicable Annual Fee Rate, and multiplying this product by the net assets of the Portfolio.  Fees shall be paid either by wire transfer or check, as directed by the Adviser.

 

If, with respect to any Portfolio, this Agreement becomes effective or terminates, or if the manner of determining the Applicable Annual Fee Rate changes, before the end of any month, the fee (if any) for the period from the effective date to the end of such month or from the beginning of such month to the date of termination or from the beginning of such month to the date such change, as the case may be, shall be prorated according to the proportion which such period bears to the full month in which such effectiveness or termination or change occurs.

5

 

 

Funds of Funds

 

 

The Adviser shall serve as investment adviser for each Portfolio listed below (each a “Fund of Funds”).

 

Lifestyle Aggressive Portfolio

Retirement Living through 2010 Portfolio

Lifestyle Balanced Portfolio

Retirement Living through 2015 Portfolio

Lifestyle Conservative Portfolio

Retirement Living through 2020 Portfolio

Lifestyle Growth Portfolio

Retirement Living through 2025 Portfolio

Lifestyle Moderate Portfolio

Retirement Living through 2030 Portfolio

(collectively, the “Lifestyle Portfolios”)

Retirement Living through 2035 Portfolio

 

Retirement Living through 2040 Portfolio

Retirement Choices at 2010 Portfolio

Retirement Living through 2045 Portfolio

Retirement Choices at 2015 Portfolio

Retirement Living through 2050 Portfolio

Retirement Choices at 2020 Portfolio

(collectively, the “Retirement Living Portfolios”)

Retirement Choices at 2025 Portfolio

 

Retirement Choices at 2030 Portfolio

 

Retirement Choices at 2035 Portfolio

 

Retirement Choices at 2040 Portfolio

 

Retirement Choices at 2045 Portfolio

 

Retirement Choices at 2050 Portfolio

Alternative Asset Allocation Fund

Diversified Strategies Fund

(collectively, the “Retirement Choices Portfolios”)

 

 

Certain Definitions: 

 

                “Affiliated Fund Assets” means the net assets or  Aggregate Net Assets (as applicable) of a Fund of Funds that are invested in Affiliated Funds.

 

“Affiliated Funds” are any fund of John Hancock Trust (“JHVIT”), John Hancock Funds II (“JHF II”) or John Hancock Funds III (“JHF III”), excluding the following funds of JHVIT: the Money Market Trust B, 500 Index Trust B, International Equity Index Trust B and Total Bond Market Trust B. 

 

                “Aggregate Net Assets” of a Fund of Funds means the net assets of the Fund of Funds and the net assets of one or more other Funds of JHVIT, JHF II or JHF III, but only with respect to and for so long as such other Fund of Funds is managed by the same subadviser as the Fund of Funds.

 

“Other Assets” means the net assets or  Aggregate Net Assets, as applicable, of a Fund of Funds that are not invested in Affiliated Funds.

 

Adviser Fee: 

 

The Trust will pay the Adviser, as full compensation for all services provided under this Agreement with respect to each Fund of Funds, a fee computed separately for each Fund of Funds as follows (the “Adviser Fee”).

 

                The Adviser Fee for each Fund of Funds has two components: (a) a fee on Affiliated Fund Assets; and (b) a fee on Other Assets.  Each such fee shall be accrued and paid daily to the Adviser for each calendar day.  The daily Adviser Fee for each Fund of Funds shall be the sum of the daily fee on Affiliated Fund Assets and the daily fee on Other Assets.  Fees shall be paid either by wire transfer or check, as directed by the Adviser.

 

6

 

 

                                (a)  Fee on Affiliated Fund Assets.  The fee on Affiliated Fund Assets is stated as an annual percentage of the current value of either  the net assets or  the Aggregate Net Assets (as applicable) of the Fund of Funds, in each case determined in accordance with the fee schedule set forth below for the Fund of Funds, and that percentage rate (the “Applicable Annual Affiliated Funds Fee Rate”) is applied to the Affiliated Fund Assets of the Fund of Funds.  For each day, the Applicable Annual Affiliated Funds Fee Rate for the Fund of Funds shall be equal to (i) the sum of the amounts determined by applying the annual percentage rates for Affiliated Fund Assets in the fee schedule to the applicable portions of the net assets or  Aggregate Net Assets of the Fund of Funds divided by (ii) the net assets or  Aggregate Net Assets, as applicable, of the Fund of Funds.  The daily fee accrual on Affiliated Fund Assets will be computed by multiplying the fraction of one over the number of calendar days in the year by the Applicable Annual Affiliated Funds Fee Rate, and multiplying this product by the Affiliated Fund Assets of the Fund of Funds.

 

                                (b)  Fee on Other Assets. The fee on Other Assets is stated as an annual percentage of the current value of either  the net assets or  the Aggregate Net Assets (as applicable) of the Fund of Funds, in each case determined in accordance with the fee schedule set forth below for the Fund of Funds, and that percentage rate (the “Applicable Annual Other Assets Fee Rate”) is applied to the Other Assets of the Fund of Funds.  For each day, the Applicable Annual Other Assets Fee Rate for the Fund of Funds shall be equal to (i) the sum of the amounts determined by applying the annual percentage rates for Other Assets in the fee schedule to the applicable portions of the net assets or  Aggregate Net Assets of the Fund of Funds, divided by (ii) the net assets or  Aggregate Net Assets, as applicable, of the Fund of Funds.  The daily fee accrual on Other Assets will be computed by multiplying the fraction of one over the number of calendar days in the year by the Applicable Annual Other Assets Fee Rate, and multiplying this product by the Other Assets of the Fund of Funds.

 

Net assets, Aggregate Net Assets, Affiliated Fund Assets and Other Assets with respect to a Fund of Funds shall be determined as of the close of business on the previous business day of JHVIT for JHVIT Funds, as of the close of business on the previous business day of JHF II for JHF II Funds and as of the close of business on the previous business day of JHF III for JHF III Funds.

 

If, with respect to any Fund of Funds, this Agreement becomes effective or terminates, or if the manner of determining the Applicable Annual Affiliated Funds Fee Rate or the Applicable Annual Other Assets Fee Rate changes, before the end of any month, the fee (if any) for the period from the effective date to the end of such month or from the beginning of such month to the date of termination or from the beginning of such month to the date such change, as the case may be, shall be prorated according to the proportion which such period bears to the full month in which such effectiveness or termination or change occurs.

 

Fee Schedules:

 

Retirement Living Portfolios

 

 

Rates Applied to Aggregate Net Assets of the Fund of Funds (1)

Fund of Funds

 

Affiliated Fund Assets

 

Other Assets

 

 

 

First

$7.5 billion

 

Excess Over $7.5 billion

 

First

$7.5 billion

 

Excess Over

$7.5 billion

Each Retirement Living Portfolio

0.060%

0.050%

 

0.510%

0.500%

 

 

 

 

 

 

 

 

_____________________

(1) Aggregate Net Assets. For each Retirement Living Portfolio, Aggregate Net Assets include the net assets of all the JHF II Retirement Living Portfolios and the net assets of all the JHVIT Lifecycle Trusts. The JHVIT Lifecycle Trusts are: the Lifecycle 2010 Trust, Lifecycle 2015 Trust, Lifecycle 2020 Trust, Lifecycle 2025 Trust, Lifecycle 2030 Trust, Lifecycle 2035 Trust, Lifecycle 2040 Trust, Lifecycle 2045 Trust and Lifecycle 2050 Trust.

 

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Lifestyle Portfolios

 

 

Rates Applied to Aggregate Net Assets of the Fund of Funds (1)

Fund of Funds

 

Affiliated Fund Assets

 

Other Assets

 

 

 

First

$7.5 billion

 

Excess Over $7.5 billion

 

First

$7.5 billion

 

Excess Over

$7.5 billion

Each Lifestyle Portfolio

0.050%

0.040%

 

0.500%

0.490%

 

 

 

 

 

 

 

 

_________________________

(1) Aggregate Net Assets. For each Lifestyle Portfolio, Aggregate Net Assets include the net assets of all the JHF II Lifestyle Portfolios and the net assets of all the JHVIT Lifestyle Trusts. The JHVIT Lifestyle Trusts are: the Lifestyle Aggressive Trust, Lifestyle Balanced Trust, Lifestyle Conservative Trust, Lifestyle Growth Trust and Lifestyle Moderate Trust.

 

 

Retirement Choices Portfolios

 

 

Rates Applied to Aggregate Net Assets of the Fund of Funds (1)

Fund of Funds

 

Affiliated Fund Assets

 

Other Assets

 

 

 

First

$7.5 billion

 

Excess Over $7.5 billion

 

First

$7.5 billion

 

Excess Over

$7.5 billion

Each Retirement Choices Portfolio

0.060%

0.050%

 

0.510%

0.500%

 

 

 

 

 

 

 

 

_____________________

(1) Aggregate Net Assets. For each Retirement Choices Portfolio, Aggregate Net Assets include the net assets of all the JHF II Retirement Choices Portfolios.

 

Alternative Asset Allocation Fund

 

 

Rates Applied to net assets of the Fund of Funds

Fund of Funds

 

Affiliated Fund Assets

 

Other Assets

 

 

 

All Asset Levels

 

All Asset Levels

Alternative Asset Allocation Fund

0.150%

 

0.600%

 

 

 

 

 

 

 

 
               

 

Diversified Strategies Fund

 

 

Rates Applied to net assets of the Fund of Funds

Fund of Funds

 

Affiliated Fund Assets

 

Other Assets

 

 

 

First

$1 billion

 

Excess Over $1 billion

 

First

$1 billion

 

Excess Over

$1 billion

Diversified Strategies Fund

0.250%

0.225%

 

0.700%

0.675%
               

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Core Diversified Growth & Income Portfolio

Core Fundamental Holdings Portfolio

Core Global Diversification Portfolio

 

 

Advisory Fee

 

0.050% — first $500 million of Aggregate Net Assets*

0.040% — excess over $500 million of Aggregate Net Assets*

 

*Aggregate Net Assets include the net assets of the following funds:

 

John Hancock Variable Insurance Trust

American Fundamental Holdings Trust

American Global Diversification Trust

 

John Hancock Funds II

Core Fundamental Holdings Fund

Core Global Diversification Fund

Core Diversified Growth &Income Fund