EX-99.23(D)(11)(A) 6 b81630a1exv99w23xdyx11yxay.htm AMENDMENT DATED 6/25/10 TO SUBADVISORY CONTRACT DATED 4/30/07 exv99w23xdyx11yxay
(d)(11)(A)
JOHN HANCOCK FUNDS II
AMENDMENT TO SUBADVISORY AGREEMENT
FRANKLIN ADVISERS, INC.
     AMENDMENT made as of this 25th of June, 2010 to the Subadvisory Agreement dated April 30, 2007 (the “Agreement”) between John Hancock Investment Management Services, LLC, a Delaware limited liability company (the “Adviser”), and Franklin Advisers, Inc. (the “Subadviser”). In consideration of the mutual covenants contained herein, the parties agree as follows:
1. CHANGE IN APPENDIX A
     Appendix A of the Agreement relating to compensation of the Subadviser shall be deleted and replaced by the attached Appendix A.
2. EFFECTIVE DATE
     This Amendment shall become effective on the later to occur of: (i) approval of the Amendment by the Board of Trustees of John Hancock Funds II and (ii) execution of the Amendment.
(THE REMAINDER OF THIS SPACE HAS BEEN INTENTIONALLY LEFT BLANK)

 


 

     IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed under seal by their duly authorized officers as of the date first mentioned above.
         
  JOHN HANCOCK INVESTMENT MANAGEMENT SERVICES, LLC
 
 
  By:   /s/ Bruce R. Speca    
    Bruce R. Speca   
    Executive Vice President   
 
  FRANKLIN ADVISERS, INC.
 
 
  By:   /s/ Alex W. Peters    
    Name:   Alex W. Peters   
    Title:   Vice President   

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APPENDIX A
     The Subadviser shall serve as investment subadviser for each Portfolio of the Trust listed below. The Adviser will pay the Subadviser, as full compensation for all services provided under this Agreement with respect to each Portfolio, the fee computed separately for such Portfolio at an annual rate as follows (the “Subadviser Fee”):
                 
    First   Next   Next   Excess Over
    $50 million   $150 million   $300 million   $500 million
    of Aggregate   of Aggregate   of Aggregate   of Aggregate
Portfolio   Net Assets*   Net Assets*   Net Assets*   Net Assets*
 
               
Income Fund
               
 
  When Aggregate Net Assets for the Income Fund exceed $500 million, the Subadviser Fee is 0.350% on all net assets of the Income Fund.
 
  The term Aggregate Net Assets includes the net assets of a Portfolio of the Trust managed by the Subadviser. It also includes with respect to each Portfolio the net assets of one or more other portfolios managed by the Subadviser as indicated below, but in each case only for the period during which the Subadviser for the Portfolio also serves as the subadviser for the other portfolio(s). For purposes of determining Aggregate Net Assets and calculating the Subadviser Fee, the net assets of the Portfolio and each other portfolio 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.
     
Trust Portfolio(s)   Other Portfolio(s)
Income Fund
  John Hancock Trust
 
  Global Trust
 
  Income Trust
 
  International Value Trust
 
  Mutual Shares Trust
 
  John Hancock Funds II
 
  Global Fund
 
  International Small Cap Fund
 
  International Value Fund
 
  Mutual Shares Fund
     The Subadviser 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 Aggregate Net Assets

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divided by (ii) Aggregate Net Assets (the “Applicable Annual Fee Rate”). The Subadviser Fee for each Portfolio shall be accrued for each calendar day, and the sum of the daily fee accruals shall be paid monthly to the Subadviser within 30 calendar days of the end of each month. 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. The Adviser shall provide Subadviser with such information as Subadviser may reasonably request supporting the calculation of the fees paid to it hereunder. Fees shall be paid either by wire transfer or check, as directed by Subadviser.
     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.

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