EX-99.23(D)(1)(G) 3 b81630a1exv99w23xdyx1yxgy.htm AMENDMENT DATED 6/25/10 TO THE RESTATED AGREEMENT DATED 9/26/08 exv99w23xdyx1yxgy
Exhibit (d)(1)(g)
JOHN HANCOCK FUNDS II
AMENDMENT TO AMENDED AND RESTATED ADVISORY AGREEMENT
     AMENDMENT (the “Amendment”) made this 25th day of June, 2010, 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.   AMENDED AND RESTATED APPENDIX A
 
    Appendix A is amended to decrease the advisory fee for the following funds:
Global Fund
Income Fund
International Small Company Fund
International Value Fund
Small Company Growth Fund
    Appendix A is amended to add the advisory fee for the following funds:
Currency Strategies Fund
International Growth Stock Fund
Mutual Shares Fund
Technical Opportunities Fund II
2.   EFFECTIVE DATE
The Amendment shall become effective with respect to the Portfolios on the later of:
(i) the date of its execution and (ii) approval by the Board of Trustees of the Trust of the Amendment.
         
John Hancock Funds II
 		    
By:   /s/ Hugh McHaffie      
  Hugh McHaffie     
  President     
 
         
John Hancock Investment Management Services, LLC
 		    
By:   /s/ Bruce R. Speca      
  Bruce R. Speca     
  Executive 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
         
    Aggregate Net Assets Include the Net    
    Assets of the following funds in addition    
Trust Portfolio   to the Trust Portfolio   Advisory Fee of the Trust Portfolio
 
        
Active Bond Fund
  Active Bond Trust (JHT)   0.600% — at all asset levels.
 
        
All Cap Core Fund
  All Cap Core Trust (JHT)   0.800% — first $500 million; and 0.750% — excess over $500 million.
 
        
All Cap Value Fund
  All Cap Value Trust (JHT)   0.850% — first $250 million; 0.800% — next $250 million; and 0.750% — excess over $500 million.
 
        
Alpha Opportunities Fund
  Alpha Opportunities Trust (JHT)   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 (JHT)   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 (JHT)   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.
 
        
Core Allocation Plus Fund
  Core Allocation Plus Trust (JHT)   0.915% -— first $500 million; and 0.865% -— excess over $500 million
 
        
Core Bond Fund
  Core Bond Trust (JHT)   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 (JHT)   0.950% — first $250 million;
0.900% — next $250 million; and
0.850% — excess over $500 million.
 
        
Emerging Markets Value Fund
  Emerging Markets Value Trust (JHT)   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 (JHT)   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.

 

 

         
    Aggregate Net Assets Include the Net    
    Assets of the following funds in addition    
Trust Portfolio   to the Trust Portfolio   Advisory Fee of the Trust Portfolio
Financial Services Fund
  Financial Services Trust (JHT)   0.850% — first $50 million;
0.800%— next $450 million; and
0.750% — excess over $500 million.
 
        
Floating Rate Income Fund
  Floating Rate Income Trust (JHT)   0.700% — first $1.1 billion; 0.675% — next $0.90 billion; and 0.650% — excess over $2 billion.
 
        
Fundamental Value Fund
  Fundamental Value Trust (JHT)   0.850% — first $50 million; 0.800% — next $450 million; and 0.750% — excess over $500 million.
 
        
Global Fund
  JHT
Global Trust
International Value Trust
Income Trust
Mutual Shares Trust 		  0.850% first $1 billion; and
0.800% excess over $1 billion.
 
        
 
  JHF II
International Value Fund
Income Fund
Mutual Shares Fund
International Small Cap Fund		    
 
        
Global Agribusiness Fund
  N/A   0.850% — first $250 million;
0.800% — excess over $250 million.
 
        
Global Bond Fund
  Global Bond Trust (JHT)   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 Infrastructure Fund
  N/A   0.850% — first $250 million;
0.800% — excess over $250 million.
 
        
Global Real Estate Fund
  N/A   0.950% — first $500 million; 0.925% — next $250 million; and
0.900% — excess over $750 million.
 
        
Global Timber Fund
  N/A   0.850% — first $250 million;
0.800% — excess over $250 million.
 
        
Heritage Fund
(formerly, Vista Fund)
  Heritage Trust (JHT)   0.850% — first $400 million;
0.825% — next $600 million; and
0.800% — excess over $1 billion.
 
        
High Income Fund
  High Income Trust (JHT)   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 (JHT)   0.700% — first $500 million; and 0.650% — excess over $500 million.
 
        
Income Fund
  JHT
Income Trust
International Value Trust
Global Trust
Mutual Shares Trust 		  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.
 
        
 
  JHF II    

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    Aggregate Net Assets Include the Net    
    Assets of the following funds in addition    
Trust Portfolio   to the Trust Portfolio   Advisory Fee of the Trust Portfolio
 
  International Small Cap Fund
International Value Fund
Global Fund
Mutual Shares Fund		    
 
        
Index 500 Fund
  500 Index Trust (JHT)   0.470% — first $500 million; and
0.460% — excess over $500 million
 
        
International Equity Index Fund
  International Equity Index Trust A (JHT)   0.550% — first $100 million; and
0.530% — excess over $100 million.
 
        
International Growth Stock Fund
  International Growth Stock Trust (JHT)   0.850% — first $250 million;
0.800% — next $500 million; and
0.750% — excess over $750 million.
 
        
International Opportunities Fund
  International Opportunities Trust (JHT)   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 (JHT)   0.950% — at all asset levels.
 
        
International Value Fund
  JHT
Global Trust
Income Trust
International Value Trust
Mutual Shares Trust 		  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.
 
        
 
  JHF II
Global Fund
Income Fund
International Small Cap Fund
Mutual Shares Fund		    
 
        
Investment Quality Bond Fund
  Investment Quality Bond Trust (JHT)   0.600% — first $500 million; and
0.550% — excess over $500 million.
 
        
Large Cap Fund
  Large Cap Trust (JHT)   0.780% — first $250 million; 0.730% — next $250 million; 0.680% — next $250 million; and 0.650% — excess over $750 million.
 
        
Large Cap Value Fund
  Large Cap Value Trust (JHT)   0.825% — first $500 million; 0.800% — next $500 million; 0.775% — next $500 million; 0.720% — next $500 million; and 0.700% — excess over $2 billion.
 
        
Lifecycle Portfolios
  Lifecycle Trusts (JHT)   See below
 
        
Lifestyle Portfolios
  Lifestyle Trusts (JHT)   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.

5

 

         
    Aggregate Net Assets Include the Net    
    Assets of the following funds in addition    
Trust Portfolio   to the Trust Portfolio   Advisory Fee of the Trust Portfolio
Mid Cap Index Fund
  Mid Cap Index Trust (JHT)   0.490% — first $250 million; 0.480% — next $250 million; and 0.460% — excess over $500 million.
 
        
Mid Cap Stock Fund
  Mid Cap Stock Trust (JHT)   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 (JHT)   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 (JHT)   1.050% — first $50 million;
1.00% — excess over $50 million.
 
        
Money Market Fund
  Money Market Trust (JHT)   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
  N/A   0.960% on all assets.
 
        
Natural Resources Fund
  Natural Resources Trust (JHT)   1.000% — first $1 billion;
0.975% — next $1 billion;
0.950% — excess over $2 billion.
 
        
Optimized Value Fund
  Optimized Value Trust (JHT)   0.700% — first $500 million; 0.650% — next $500 million; and 0.600% — excess over $1 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 (JHT)   0.700% — at all asset levels.
 
        
Real Return Bond Fund
  Real Return Bond Trust (JHT)   0.700% — first $1 billion; and 0.650% — excess over $1 billion.
 
        
Retirement Distribution Portfolios
  N/A   See below
 
        
Retirement Portfolios
  N/A   See below
 
        
Science & Technology Fund
  Science & Technology Trust (JHT)   1.050% — first $500 million; and 1.000% — excess over $500 million.
 
        
Short Term Government Income Fund
  Short Term Government Income Trust (JHT)   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 Index Fund
  Small Cap Index Trust (JHT)   0.490% — first $250 million; 0.480% next $250 million; and 0.460% — excess over $500 million.
 
        
Small Cap Opportunities Fund
  Small Cap Opportunities Trust (JHT)   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 (JHT)   1.100% — first $100 million;
1.050% — next $500 million; and
1.000% — excess over $600 million

6

 

         
    Aggregate Net Assets Include the Net    
    Assets of the following funds in addition    
Trust Portfolio   to the Trust Portfolio   Advisory Fee of the Trust Portfolio
Small Company Growth Fund
  JHT
Small Company Growth Trust
Small Cap Opportunities Trust
International Growth Stock Trust
Value Trust 		  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.
 
        
 
  JHF II
Small Cap Opportunities Fund
International Growth Stock Fund
Value Fund		    
 
        
Small Company Value Fund
  Small Company Value Trust (JHT)   1.050% — first $500 million; and 1.000% — excess over $500 million.
 
        
Smaller Company Growth Fund
  Smaller Company Growth Trust (JHT)   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 (JHT)   0.800% — first $250 million; and 0.725% — excess over $250 million.
 
        
Strategic Bond Fund
  Strategic Bond Trust (JHT)   0.700% — first $500 million; and 0.650% — excess over $500 million.
 
        
Strategic Income Opportunities Fund
  Strategic Income Opportunities Trust
(JHT) 		  0.725% — first $500 million; and 0.650% — excess over $500 million.
 
        
Technical Opportunities Fund
  N/A   1.350% — first $250 million;
1.300% — next $250 million; and
1.250% — excess over $500 million.
 
        
Technical Opportunities Fund II
  N/A   1.100% — first $250 million;
1.050% — next $750 million; and
1.000% — over $1 billion.
 
        
Total Bond Market Fund
  N/A   0.490% — first $500 million; and 0.470% — excess over $500 million.
 
        
Total Return Fund
  Total Return Trust (JHT)   See below
 
        
Total Stock Market Index Fund
  Total Stock Market Index Trust (JHT)   0.490% — first $250 million; 0.480% — next $250 million; and 0.460% — excess over $500 million.
 
        
U.S. High Yield Bond Fund
  U.S. High Yield Bond Trust (JHT)   0.750% — first $200 million; and
0.720% — excess over $200 million.
 
        
U.S. Multi Sector Fund
  U.S. Multi Sector Trust (JHT)   0.780% — first $500 million; 0.760% — next $500 million; 0.750% — next $1.5 billion; and 0.740% — excess over $2.5 billion.
 
        
Value Fund
  Value Trust (JHT)   0.750% — first $200 million; 0.725% — next $300 million; and 0.650% — excess over $500 million.
 
        
Value & Restructuring Fund
  Value & Restructuring Trust (JHT)   0.825% — first $500 million; 0.800% — next $500 million; and 0.775% — excess over $1 billion.

7

 

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:
                 
    First   Excess Over
    $1 Billion   $1 Billion
    of Total Return   of Total Return
Portfolio   Net Assets**   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:
                 
    First   Excess Over
    $1 Billion   $1 Billion
    of Total Return   of Total Return
Portfolio   Net Assets**   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.

 

 

Funds of Funds
The Adviser shall serve as investment adviser for each Portfolio listed below (each a “Fund of Funds”).
     
Lifestyle Aggressive Portfolio
  Lifecycle 2010 Portfolio
Lifestyle Balanced Portfolio
  Lifecycle 2015 Portfolio
Lifestyle Conservative Portfolio
  Lifecycle 2020 Portfolio
Lifestyle Growth Portfolio
  Lifecycle 2025 Portfolio
Lifestyle Moderate Portfolio
  Lifecycle 2030 Portfolio
(collectively, the “Lifestyle Portfolios”)
  Lifecycle 2035 Portfolio
 
  Lifecycle 2040 Portfolio
Retirement 2010 Portfolio
  Lifecycle 2045 Portfolio
Retirement 2015 Portfolio
  Lifecycle 2050 Portfolio
Retirement 2020 Portfolio
  (collectively, the “ Lifecycle Portfolios”)
Retirement 2025 Portfolio
    
Retirement 2030 Portfolio
  Retirement Distribution Portfolio
Retirement 2035 Portfolio
  Retirement Rising Distribution Portfolio
Retirement 2040 Portfolio
  (collectively, the “Retirement Distribution Portfolios”)
Retirement 2045 Portfolio
    
Retirement 2050 Portfolio
  Alternative Asset Allocation Fund
(collectively, the “Retirement 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 (“JHT”), John Hancock Funds II (“JHF II”) or John Hancock Funds III (“JHF III”), excluding the following funds of JHT: 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 JHT, 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.

9

 

          (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 JHT for JHT 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:
Lifecycle Portfolios
                                 
    Rates Applied to Aggregate Net Assets of the Fund of Funds (1)
    Affiliated Fund Assets   Other Assets
    First   Excess Over   First   Excess Over
Fund of Funds   $7.5 billion   $7.5 billion   $7.5 billion   $7.5 billion
 
                                
Each Lifecycle Portfolio
     0.060 %     0.050 %     0.510 %     0.500 %
 
(1)   Aggregate Net Assets. For each Lifecycle Portfolio, Aggregate Net Assets include the net assets of all the JHF II Lifecycle Portfolios and the net assets of all the JHT Lifecycle Trusts. The JHT 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)
    Affiliated Fund Assets   Other Assets
    First   Excess Over   First   Excess Over
Fund of Funds   $7.5 billion   $7.5 billion   $7.5 billion   $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 JHT Lifestyle Trusts. The JHT Lifestyle Trusts are: the Lifestyle Aggressive Trust, Lifestyle Balanced Trust, Lifestyle Conservative Trust, Lifestyle Growth Trust and Lifestyle Moderate Trust.
Retirement Portfolios
                                 
    Rates Applied to Aggregate Net Assets of the Fund of Funds (1)
    Affiliated Fund Assets   Other Assets
    First   Excess Over   First   Excess Over
Fund of Funds   $7.5 billion   $7.5 billion   $7.5 billion   $7.5 billion
 
                                
Each Retirement Portfolio
     0.060 %     0.050 %     0.510 %     0.500 %
 
(1)   Aggregate Net Assets. For each Retirement Portfolio, Aggregate Net Assets include the net assets of all the JHF II Retirement Portfolios.
Retirement Distribution Portfolios
                                 
    Rates Applied to Aggregate Net Assets of the Fund of Funds (1)
    Affiliated Fund Assets   Other Assets
    First   Excess Over   First   Excess Over
Fund of Funds   $500 million   $500 million   $500 million   $500 million
 
                                
Each Retirement Distribution Portfolio
     0.060 %     0.050 %     0.510 %     0.500 %
 
(1)   Aggregate Net Assets. For each Retirement Distribution Portfolio, Aggregate Net Assets include the net assets of all the JHF II Retirement Distribution 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 %

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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 Trust
American Fundamental Holdings Trust
American Global Diversification Trust
Core Diversified Growth & Income Trust
John Hancock Funds II
Core Fundamental Holdings Fund
Core Global Diversification Fund
Core Diversified Growth & Income Fund

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