EX-99.77(Q)(1) 3 d290966ex99-77q1_ela.htm EX-99.77(Q)(1) APPENDIX






 

John Hancock Advisers, LLC
John Hancock Investment Management Services, LLC
601 Congress Street
Boston, MA 02210

[jhlogo.jpg]

June 25, 2015

To the Trustees of:

John Hancock Funds II

601 Congress Street

Boston, MA 02210

Re:

Amended and Restated Expense Limitation Agreement and Voluntary Expense Limitation Notice


With reference to the Amended and Restated Advisory Agreement dated September 26, 2008, entered into by and between John Hancock Investment Management Services, LLC (”JHIMS”) and John Hancock Funds II (the “Trust”), as amended, and the Advisory Agreements dated December 18, 2013 and January 1, 2014 entered into by and between John Hancock Advisers, LLC (collectively with JHIMS, the “Adviser”) and the Trust, as amended, on behalf of each series of the Trust (each, a “Fund” and collectively, the “Funds”), we hereby notify you as follows:


1.  The Adviser agrees to waive its management fee for each Fund or, to the extent necessary, bear other expenses, as set forth in the Appendix attached hereto.  As noted in the Appendix, certain waivers are voluntary and may be terminated at any time by the Adviser upon notice to the Trust.


2.  We understand and intend that you will rely on this undertaking in overseeing the preparation and filing of Post-effective Amendments to the Registration Statement on Form N-1A for the Trust and the Funds with the Securities and Exchange Commission and in accruing each Fund’s expenses for purposes of calculating its net asset value per share and for other purposes permitted under Form N-1A and/or the Investment Company Act of 1940, as amended, and we expressly permit you so to rely.


Very truly yours,

JOHN HANCOCK ADVISERS, LLC

ACCEPTED BY:

JOHN HANCOCK INVESTMENT MANAGEMENT

 

SERVICES, LLC

JOHN HANCOCK FUNDS II

 

 

By:

/s/ Jeffrey H. Long

By:

/s/ Charles A. Rizzo

 

Name: Jeffrey H. Long

 

Name: Charles A. Rizzo

 

Title: Chief Financial Officer

 

Title: Chief Financial Officer





APPENDIX A

Fund Level Contractual Expense Limitations


-- The Adviser contractually agrees to reduce its management fee for each Fund listed below, or if necessary make payment to the Fund, in an amount equal to the amount by which the “ Other Expenses” of the Fund exceed the percentage of average annual net assets (on an annualized basis) of the Fund set forth below.  “Other Expenses” means the expenses of the Fund, excluding (a) advisory fees (b) taxes, (c) brokerage commissions, (d) interest expense, (e) litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the Fund’s business (f) class specific expenses (g) underlying fund expenses (“acquired fund fees”) and (h) short dividend expense.  


For the following Funds the current expense limitation agreement expires on December 31, 2016 (December 31, 2015 in the case of Asia Pacific Total Return Fund, April 30, 2016 in the case of Lifestyle Aggressive Portfolio, Lifestyle Balanced Portfolio, Lifestyle Growth Portfolio, Lifestyle Moderate Portfolio, and Lifestyle Conservative Portfolio, and November 30, 2016 in the case of Fundamental All Cap Core Fund), unless renewed by mutual agreement of the Fund and the Adviser based upon a determination that this is appropriate under the circumstances at that time.


Asia Pacific Total Return Bond Fund

 

0.15%

Retirement Living through 2010 Portfolio

 

0.05%**

Retirement Living through 2015 Portfolio

 

0.05%**

Retirement Living through 2020 Portfolio

 

0.05%**

Retirement Living through 2025 Portfolio

 

0.05%**

Retirement Living through 2030 Portfolio

 

0.05%**

Retirement Living through 2035 Portfolio

 

0.05%**

Retirement Living through 2040 Portfolio

 

0.05%**

Retirement Living through 2045 Portfolio

 

0.05%**

Retirement Living through 2050 Portfolio

 

0.05%

Retirement Living through 2055 Portfolio

 

0.05%

Retirement Choices at 2055 Portfolio

 

0.05%

Retirement Choices at 2050 Portfolio

 

0.05%

Retirement Choices at 2045 Portfolio

 

0.05%

Retirement Choices at 2040 Portfolio

 

0.05%

Retirement Choices at 2035 Portfolio

 

0.05%

Retirement Choices at 2030 Portfolio

 

0.05%

Retirement Choices at 2025 Portfolio

 

0.05%

Retirement Choices at 2020 Portfolio

 

0.05%

Retirement Choices at 2015 Portfolio

 

0.05%

Retirement Choices at 2010 Portfolio

 

0.05%

Retirement Living through II 2010 Portfolio

 

0.05%

Retirement Living through II 2015 Portfolio

 

0.05%

Retirement Living through II 2020 Portfolio

 

0.05%

Retirement Living through II 2025 Portfolio

 

0.05%

Retirement Living through II 2030 Portfolio

 

0.05%

Retirement Living through II 2035 Portfolio

 

0.05%

Retirement Living through II 2040 Portfolio

 

0.05%




A-1






Retirement Living through II 2045 Portfolio

 

0.05%

Retirement Living through II 2050 Portfolio

 

0.05%

Retirement Living through II 2055 Portfolio

 

0.05%

Lifestyle Aggressive Portfolio

 

0.05%

Lifestyle Growth Portfolio

 

0.05%

Lifestyle Balanced Portfolio

 

0.05%

Lifestyle Moderate Portfolio

 

0.05%

Lifestyle Conservative Portfolio

 

0.05%

Lifestyle II Aggressive Portfolio

 

0.05%*

Lifestyle II Growth Portfolio

 

0.05%*

Lifestyle II Balanced Portfolio

 

0.05%*

Lifestyle II Moderate Portfolio

 

0.05%*

Lifestyle II Conservative Portfolio

 

0.05%*

Income Allocation Fund

 

0.05%***

Fundamental All Cap Core Fund

 

0.20%


* Effective January 1, 2015, the expense limitation is lowered to 0.05% through December 31, 2015.

** Cap effective on January 1, 2015 through December 31, 2016.

*** Effective August 31, 2015, the expense limitation is lowered to 0.04% through December 31, 2016.



A-2





Special Fund Level Contractual Expense Limitations


The Adviser contractually agrees to waive its advisory fees and/or reimburse certain Expenses including underlying fund expenses ("Acquired fund fees") to reduce the total annual fund operating expenses of the funds listed below. This expense limitation expires on December 31, 2016, unless renewed by mutual agreement of the funds listed below and the Adviser based upon a determination that this is appropriate under the circumstances at that time.


Fund

 

Retirement Living through 2010 Portfolio

0.26%

Retirement Living through 2015 Portfolio

0.24%

Retirement Living through 2020 Portfolio

0.22%

Retirement Living through 2025 Portfolio

0.20%

Retirement Living through 2030 Portfolio

0.20%

Retirement Living through 2035 Portfolio

0.20%

Retirement Living through 2040 Portfolio

0.20%

Retirement Living through 2045 Portfolio

0.20%

Retirement Living through 2050 Portfolio

0.20%

Retirement Living through 2055 Portfolio

0.20%


Fund

 

Retirement Living through II 2010 Portfolio

0.26%

Retirement Living through II 2015 Portfolio

0.24%

Retirement Living through II 2020 Portfolio

0.22%

Retirement Living through II 2025 Portfolio

0.20%

Retirement Living through II 2030 Portfolio

0.20%

Retirement Living through II 2035 Portfolio

0.20%

Retirement Living through II 2040 Portfolio

0.20%

Retirement Living through II 2045 Portfolio

0.20%

Retirement Living through II 2050 Portfolio

0.20%

Retirement Living through II 2055 Portfolio

0.20%


Fund

 

Retirement Choices at 2010 Portfolio

0.26%

Retirement Choices at 2015 Portfolio

0.24%

Retirement Choices at 2020 Portfolio

0.22%

Retirement Choices at 2025 Portfolio

0.20%

Retirement Choices at 2030 Portfolio

0.20%

Retirement Choices at 2035 Portfolio

0.20%

Retirement Choices at 2040 Portfolio

0.20%

Retirement Choices at 2045 Portfolio

0.20%

Retirement Choices at 2050 Portfolio

0.20%

Retirement Choices at 2055 Portfolio

0.20%




A-3





APPENDIX B

Class Specific Contractual Expense Limitations


For each Fund listed in the table below, the Adviser contractually agrees to waive and/or reimburse all class specific expenses for the share classes of the Fund listed in the table below, including Rule 12b-1 fees, transfer agency fees and service fees, shareholder servicing fees, and other class specific expenses (“Class Level Expenses”), to the extent they exceed the amount of average annual net assets (on an annualized basis) attributable to the class set forth in the table (the “Class Expense Waiver”).1


For purposes of implementing any total fund operating expense limitations set forth in the tables in Appendix D in addition to a Class Expense Waiver for the same share class, the Class Expense Waiver will be applied first and if following the application of the Class Expense Waiver to the extent that “Expenses” of the share class (as described in Appendix D) exceed the percentage of average annual net assets (on an annualized basis) attributable to the class as set forth in the table in Appendix D (the “Class Total Operating Contractual Expense Limitation”), the Adviser contractually agrees to reduce its management fee or, if necessary, make payment to the class in an amount equal to the amount by which “Expenses” (as described in Appendix D) of the share class exceed the Class Total Operating Contractual Expense Limitation.


The current expense limitation agreements expire on the dates specified, unless renewed by mutual agreement of the Fund and the Adviser based upon a determination that this is appropriate under the circumstances at that time.


Fund

Class R6

Expiration Date of
Expense Limit

Absolute Return Currency Fund1

0.00%

November 30, 2015

Emerging Markets Fund1

0.00%

December 31, 2015

Floating Rate Income Fund1

0.00%

December 31, 2015

Global Absolute Return Strategies Fund1

0.00%

November 30, 2015

Natural Resources Fund1

0.00%

December 31, 2015

Small Cap Value Fund1

0.00%

December 31, 2015

Strategic Income Opportunities Fund1

0.00%

December 31, 2015

_______________________

1Effective December 1, 2014 for Global Absolute Return Strategies Fund and Absolute Return Currency Fund and effective January 1, 2015 for all other Funds footnoted in the table, blue-sky fees and printing and postage fees will be treated as fund level expenses in accordance with the Funds’ 18f-3 Plan. The Adviser will continue to waive blue-sky fees and printing and postage fees as part of the Class Expense Waivers until the expiration dates listed in the table (the “Expiration Dates”). Effective December 1, 2014 for Global Absolute Return Strategies Fund and Absolute Return Currency Fund and effective January 1, 2015 for all other Funds footnoted in the table, for all other share classes of the Funds the Adviser will voluntarily waive all blue-sky fees and printing and postage fees until the Expiration Dates. See Appendix L.





B-1





Redwood Fund

0.00%

December 31, 2015

Income Allocation Fund

0.00%

December 31, 2016

Emerging Markets Debt Fund

0.00%

December 31, 2016

Short Duration Credit Opportunities Fund

0.00%

November 30, 2016

New Opportunities Fund
(formerly Small Cap Opportunities Fund)

0.00%

December 31, 2016

Global Equity Fund

0.00%

December 31, 2016

Fundamental Large Cap Value Fund

0.00%

November 30, 2016

Fundamental All Cap Core Fund

0.00%

November 30, 2016





B-2





APPENDIX C

Class Specific Voluntary Expense Limitations



For each Fund listed in the table below, the Adviser voluntarily agrees to waive and/or reimburse all class specific expenses for the share classes of the Fund listed in the table below, including Rule 12b-1 fees, transfer agency fees and service fees, shareholder servicing fees, and other class specific expenses (“Class Level Expenses”), to the extent they exceed the amount of average annual net assets (on an annualized basis) attributable to the class set forth in the table (the “Class Voluntary Expense Waiver”).


For purposes of implementing any total fund operating expense limitations set forth in the tables in Appendix E in addition to a Class Voluntary Expense Waiver for the same share class, the Class Voluntary Expense Waiver will be applied first and if following the application of the Class Voluntary Expense Waiver to the extent that “Expenses” of the share class (as described in Appendix E) exceed the percentage of average annual net assets (on an annualized basis) attributable to the class as set forth in the table in Appendix E (the “Class Total Operating Voluntary Expense Limitation”), the Adviser agrees to reduce its management fee or, if necessary, make payment to the class in an amount equal to the amount by which “Expenses” (as described in Appendix E) of the share class exceed the Class Total Operating Voluntary Expense Limitation.


The Adviser may terminate these voluntary waivers at any time upon notice to the Trust.


Fund

Class

Effective Date of Expense Limit

N/A

 

 





C-1





APPENDIX D

Class Level Contractual Total Operating Expense Limitations


For each Fund listed in the table below, the Adviser contractually agrees to reduce its management fee or, if necessary, make payment to each of the following share classes of the Fund in an amount equal to the amount by which “Expenses” of the share class exceed the percentage of average annual net assets (on an annualized basis) attributable to the class as outlined in the table below.


“Expenses” means all fund level and class specific operating expenses, excluding (a) taxes, (b) brokerage commissions, (c) interest expense, (d) underlying fund expenses (“acquired fund fees”), (e) litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the Fund’s business and (f) short dividend expense.  The current expense limitation agreements expire on the dates specified, unless renewed by mutual agreement of the Fund and the Adviser based upon a determination that this is appropriate under the circumstances at that time.



Fund

Class
A

Class
B

Class
C

Class
I

Class
R1

Class
R2

Class
R3

Class
R4

Class
R5

Class
R6

Class
NAV

Expiration Date of Expense Limit

(except as otherwise noted)

Absolute Return Currency Fund

N/A

N/A

2.25%

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

November 30, 2015

Blue Chip Growth Fund

1.14%

N/A

1.89%

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

December 31, 2016

Emerging Markets Debt Fund

1.35%


N/A

2.30%


1.04%


N/A

N/A

N/A

N/A

N/A

N/A

N/A

December 31, 2015

Equity-Income Fund

1.14%

N/A

1.89%

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

December 31, 2016

Fundamental All Cap Core Fund

1.30%


N/A

2.00%


0.94%

N/A

N/A

N/A

N/A

N/A

N/A

N/A

November 30, 2015

Fundamental Large Cap Core Fund

1.30%


N/A

N/A

0.94%

N/A

N/A

N/A

N/A

N/A

N/A

N/A

November 30, 2015





D-1





Fund

Class
A

Class
B

Class
C

Class
I

Class
R1

Class
R2

Class
R3

Class
R4

Class
R5

Class
R6

Class
NAV

Expiration
Date of
Expense
Limit
(except as
otherwise
noted)

Fundamental Large Cap Value Fund

1.30%


N/A

2.00%


0.94%


N/A

N/A

N/A

N/A

N/A

N/A

N/A

November 30, 2015

Global Absolute Return Strategies Fund

N/A

N/A

N/A

N/A

N/A

2.00%

N/A

N/A

N/A

N/A

N/A

November 30,
2015

Global Income Fund

1.30%


N/A

N/A

1.00%


N/A

N/A

N/A

N/A

N/A

N/A

N/A

November 30,
2016

International Growth Equity Fund

1.35%

N/A

N/A

1.10%

N/A

N/A

N/A

N/A

N/A

N/A

N/A

November 30,
2015

International Small Company Fund

1.63%


N/A

2.35%


1.23%


N/A

N/A

N/A

N/A

N/A

N/A

N/A

December 31,
2015

Emerging Markets Fund

N/A

N/A

2.35%


N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

December 31,
2015

Floating Rate Income Fund

1.20%

1.95%

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

December
31, 2015

Short Duration Credit Opportunities Fund

1.21%


N/A

2.00%


0.90%


N/A

N/A

N/A

N/A

N/A

N/A

N/A

November 30,
2015

Natural Resources Fund

1.58%

N/A

N/A

1.38%

N/A

N/A

N/A

N/A

N/A

N/A

N/A

December 31,
2015

Spectrum Income Fund

1.12%

N/A

1.87%

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

December 31,
2016





D-2





Fund

Class
A

Class
B

Class
C

Class
I

Class
R1

Class
R2

Class
R3

Class
R4

Class
R5

Class
R6

Class
NAV

Expiration
Date of
Expense
Limit
(except as
otherwise
noted)

Strategic Income Opportunities Fund

1.15%


N/A

1.85%


N/A

N/A

1.20%


N/A

N/A

N/A

N/A

N/A

December 31,
2015

U.S. Equity Fund

1.35%


N/A

2.05%


0.89%


N/A

N/A

N/A

N/A

N/A

N/A

N/A

December 31,
2015

Small Cap Opportunities Fund

1.44%

N/A

2.14%

1.13%

1.79%

1.54%

1.69%

1.29%

1.09%

N/A

N/A

December 31,
2016

Small Cap Value Fund

1.55%


N/A

N/A

1.25%


N/A

N/A

N/A

N/A

N/A

N/A

N/A

December 31,
2016

Redwood Fund

1.70%

N/A

2.40%

1.40%

N/A

N/A

N/A

N/A

N/A

N/A

N/A

December 31,
2015

Technical Opportunities Fund

N/A

N/A

2.50%

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

November 30,
2015

Global Equity Fund

1.50%

N/A

N/A

1.20%

N/A

N/A

N/A

N/A

N/A

N/A

N/A

December 31,
2015





D-3





APPENDIX E

Voluntary Total Operating Expense Limitations


For each Fund listed in the table below, the Adviser voluntarily agrees to reduce its management fee or, if necessary, make payment to each of the following share classes of the Fund in an amount equal to the amount by which “Expenses” of the share class exceed the percentage of average annual net assets (on an annualized basis) attributable to the class as outlined in the table below.


“Expenses” means all fund level and class specific operating expenses, excluding (a) taxes, (b) brokerage commissions, (c) interest expense, (d) underlying fund expenses (“acquired fund fees”), (e) litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the Fund’s business and (f) short dividend expense.   The Adviser may terminate these voluntary waivers at any time upon notice to the Trust.



Fund

Class
A

Class
B

Class
C

Class
I

Class
R1

Class
R2

Class
R3

Class
R4

Class
R5

Class
R6

Class
NAV

Effective
Date of
Expense
Limit

Emerging Leaders Fund
(formerly China Emerging Leaders Fund)

1.70%

N/A

N/A

1.37%

N/A

N/A

N/A

N/A

N/A

N/A

1.26%

December 19, 2013

Diversified Strategies Fund

1.70%

N/A

N/A

1.39%

N/A

N/A

N/A

N/A

N/A

N/A

N/A

September 20, 2013





E-1





APPENDIX F

Fund Level Investment Management Fee Waivers

International Value Fund

Natural Resources Fund

Small Cap Opportunities Fund


The Adviser contractually agrees to waive its management fee for each Fund in an amount equal to the amount by which the management fee retained by the Adviser after payment of the subadvisory fees for the Fund exceeds 0.45% as a percentage of average annual net assets (on an annualized basis) of the Fund.  The current expense limitation agreement expires on December 31, 2015, unless renewed by mutual agreement of the Fund and the Adviser based upon a determination that this is appropriate under the circumstances at that time.


Strategic Equity Allocation Fund


The Adviser voluntarily agrees to waive its management fee for the Funds in an amount equal to the amount by which the management fee retained by the Adviser after payment of the subadvisory fees for the Fund exceeds 0.45% as a percentage of average annual net assets (on an annualized basis) of the Fund. The Adviser may terminate this voluntary waiver at any time upon notice to the Trust.


Strategic Income Opportunities Fund


Effective July 1, 2014, the Adviser contractually agrees to reduce its management fee (after giving effect to asset-based breakpoints) by 0.02% as a percentage of average annual net assets of the Fund. The current expense limitation agreement expires on December 31, 2015, unless renewed by mutual agreement of the Fund and the Adviser based upon a determination that this is appropriate under the circumstances at that time.


Income Allocation Fund


The Adviser contractually agrees to waive its management fee for the Fund so that the aggregate management fee retained by the Adviser with respect to both the Fund and its underlying investments (after payment of subadvisory fees) does not exceed 0.45% of the Fund’s average annual net assets. The current expense limitation agreement expires on December 31, 2016, unless renewed by mutual agreement of the fund and the advisor based upon a determination that this is appropriate under the circumstances at that time.


Total Return Fund


Effective January 1, 2015, the Adviser contractually agrees to reduce its management fee by 0.025% on aggregate net assets of the Fund and another fund that equal or exceed $3 billion. This expense limitation agreement expires on December 31, 2017, unless renewed by mutual agreement of the Fund and the Adviser based upon a determination that this is appropriate under the circumstances at that time.



F-1





APPENDIX G

Retirement Living Portfolios’ Class Only Expense Limitation Agreement


Retirement Living Portfolios


-- The Adviser contractually agrees to reduce its management fee or, if necessary, make payment to each of the following share classes of each of the Retirement Living Portfolios and Retirement Living II Portfolios set forth below in an amount equal to the amount by which the “Expenses” of the share class exceed the percentage of average annual net assets (on an annualized basis) attributable to the class as set forth in the table below. “Expenses” means all expenses attributable to a class of shares, excluding fund level expenses such as (a) advisory fees, (b) underlying fund expenses (“acquired fund fees”), (c) taxes, (d) brokerage commissions, (e) interest expense, (f) litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the Portfolio’s business and (g) short dividend expense. This expense limitation agreement expires on December 31, 2015,(December 31, 2016, in the case of Retirement Living through II 2010,  Retirement Living through II 2015, Retirement Living through II 2020, Retirement Living through II 2025, Retirement Living through II 2030, Retirement Living through II 2035, Retirement Living through II 2040, Retirement Living through II 2045, Retirement Living through II 2050, and Retirement Living through II 2055) unless renewed by mutual agreement of the Portfolio and the Adviser based upon a determination that this is appropriate under the circumstances at that time.



Portfolio

Class
A

Class
R1

Class
R2

Class
R3

Class
R4

Class
R5

Class
R6

Class
I

Retirement Living through 2055

0.50%

0.75%

0.50%

0.65%

0.25%

0.05%

0.00%

N/A

Retirement Living through 2050

0.50%

0.75%

0.50%

0.65%

0.25%

0.05%

0.00%

N/A

Retirement Living through 2045

0.50%

0.75%

0.50%

0.65%

0.25%

0.05%

0.00%

N/A

Retirement Living through 2040

0.50%

0.75%

0.50%

0.65%

0.25%

0.05%

0.00%

N/A

Retirement Living through 2035

0.50%

0.75%

0.50%

0.65%

0.25%

0.05%

0.00%

N/A

Retirement Living through 2030

0.50%

0.75%

0.50%

0.65%

0.25%

0.05%

0.00%

N/A

Retirement Living through 2025

0.50%

0.75%

0.50%

0.65%

0.25%

0.05%

0.00%

N/A

Retirement Living through 2020

0.50%

0.75%

0.50%

0.65%

0.25%

0.05%

0.00%

N/A

Retirement Living through 2015

0.50%

0.75%

0.50%

0.65%

0.25%

0.05%

0.00%

N/A

Retirement Living through 2010

0.50%

0.75%

0.50%

0.65%

0.25%

0.05%

0.00%

N/A





G-1





Portfolio

Class
1

Class
R1

Class
R2

Class
R3

Class
R4

Class
R5

Class
R6

Class
I

Retirement Living through II 2055

N/A

N/A

0.50%

N/A

0.25%

N/A

0.00%

N/A

Retirement Living through II 2050

N/A

N/A

0.50%

N/A

0.25%

N/A

0.00%

N/A

Retirement Living through II 2045

N/A

N/A

0.50%

N/A

0.25%

N/A

0.00%

N/A

Retirement Living through II 2040

N/A

N/A

0.50%

N/A

0.25%

N/A

0.00%

N/A

Retirement Living through II 2035

N/A

N/A

0.50%

N/A

0.25%

N/A

0.00%

N/A

Retirement Living through II 2030

N/A

N/A

0.50%

N/A

0.25%

N/A

0.00%

N/A

Retirement Living through II 2025

N/A

N/A

0.50%

N/A

0.25%

N/A

0.00%

N/A

Retirement Living through II 2020

N/A

N/A

0.50%

N/A

0.25%

N/A

0.00%

N/A

Retirement Living through II 2015

N/A

N/A

0.50%

N/A

0.25%

N/A

0.00%

N/A

Retirement Living through II 2010

N/A

N/A

0.50%

N/A

0.25%

N/A

0.00%

N/A





G-2





APPENDIX H

Lifestyle Portfolios’ Class Only Expense Limitation Agreement


Lifestyle Portfolios


-- The Adviser contractually agrees to reduce its management fee or, if necessary, make payment to each of the following share classes of each of the five Lifestyle Portfolios in an amount equal to the amount by which the “Expenses” of the share class exceed the percentage of average annual net assets (on an annualized basis) attributable to the class as follows:


Class A

Class B

Class C

Class I

Class R1

Class R2

Class R3

Class R4

Class R5

Class R6

0.41%

N/A

N/A

0.11%

N/A

0.56%

N/A

N/A

N/A

0.00%


“Expenses” means all expenses attributable to a class of shares, excluding fund level expenses such as (a) advisory fees, (b) underlying fund expenses (“acquired fund fees”), (c) taxes, (d) brokerage commissions, (e) interest expense, (f) litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the Portfolio’s business and (g) short dividend expense. The current expense limitation agreement expires on April 30, 2016, unless renewed by mutual agreement of the Portfolio and the Adviser based upon a determination that this is appropriate under the circumstances at that time.



Lifestyle II Portfolios


-- The Adviser contractually agrees to reduce its management fee or, if necessary, make payment to each of the following share classes of each of the five Lifestyle II Portfolios in an amount equal to the amount by which the “Expenses” of the share class exceed the percentage of average annual net assets (on an annualized basis) attributable to the class as follows:


Class A

Class B

Class C

Class R1

Class R2

Class R3

Class R4

Class R5

Class R6

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

0.10%


“Expenses” means all expenses attributable to a class of shares, excluding fund level expenses such as (a) advisory fees, (b) underlying fund expenses (“acquired fund fees”), (c) taxes, (d) brokerage commissions, (e) interest expense, (f) litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the Portfolio’s business and (g) short dividend expense. The current expense limitation agreement expires on December 31, 2015 unless renewed by mutual agreement of the Portfolio and the Adviser based upon a determination that this is appropriate under the circumstances at that time.





H-1





APPENDIX I

Retirement Choices Portfolios’ Class Only Expense Limitation Agreement


Retirement Choices at 2055 Portfolio

Retirement Choices at 2050 Portfolio

Retirement Choices at 2045 Portfolio

Retirement Choices at 2040 Portfolio

Retirement Choices at 2035 Portfolio

Retirement Choices at 2030 Portfolio

Retirement Choices at 2025 Portfolio

Retirement Choices at 2020 Portfolio

Retirement Choices at 2015 Portfolio

Retirement Choices at 2010 Portfolio


-- The Adviser contractually agrees to reduce its management fee or, if necessary, make payment to each of the following share classes of the Retirement Portfolios in an amount equal to the amount by which the “Expenses” of the share class exceed the percentage of average annual net assets (on an annualized basis) attributable to the class as set forth in the table below. “Expenses” means all expenses attributable to a class of shares, excluding fund level expenses such as (a) advisory fees, (b) underlying fund expenses (“acquired fund fees”), (c) taxes, (d) brokerage commissions, (e) interest expense, (f) litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the Portfolio’s business and (g) short dividend expense. The current expense limitation agreement expires on December 31, 2016, unless renewed by mutual agreement of the Portfolio and the Adviser based upon a determination that this is appropriate under the circumstances at that time.


Class R1

Class R2

Class R4

Class R6

0.75%

0.50%

0.25%

0.00%





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APPENDIX J

Voluntary Advisor Waiver Agreement


T. Rowe Price Subadvised Funds


The Adviser has voluntarily agreed to reduce the management fee for each of the following funds subadvised by T. Rowe Price Associates, Inc. by the amount that the subadvisory fee is reduced for the fund by T. Rowe Price Associates, Inc. pursuant to the Amended and Restated Group Fee Waiver Agreement between John Hancock Investment Management Services, LLC and T. Rowe Price Associates, Inc. dated September 30, 2011.


Blue Chip Growth Fund

Capital Appreciation Value Fund

Equity-Income Fund

Health Sciences Fund

Mid Value Fund

Real Estate Equity Fund

Science & Technology Fund

Small Company Value Fund

Spectrum Income Fund



Deutsche Bank Subadvised Funds


Effective June 1, 2013, the Adviser has voluntarily agreed to reduce the management fee for each of the following funds subadvised by Deutsche Investment Management Americas Inc. (“Deutsche”) by the amount that the subadvisory fee for the fund is reduced by Deutsche pursuant to the Deutsche fee letter agreement dated May 13, 2013.


Global Real Estate Fund

Real Estate Securities Fund


This voluntary expense reimbursement will continue in effect until terminated at any time by the Adviser on notice to the Trust.





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APPENDIX K

Alternative Asset Allocation Expense Limitation Agreement


Alternative Asset Allocation Fund


The Adviser contractually  agrees to reduce its management fee for the Fund, or if necessary make payment to the Fund, in an amount equal to the amount by which the “Other Expenses” of the Fund exceed 0.04% as a percentage of average annual net assets (on an annualized basis) of the Fund.  “Other Expenses” means all the expenses of the Fund, excluding (a) taxes, (b) brokerage commissions, (c) interest expense, (d) litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the Fund’s business (e) advisory fees, (f) class specific expenses (g) underlying fund expenses (“acquired fund fees”) and (h) short dividend expense.  The current expense limitation agreement expires on December 31, 2015, unless renewed by mutual agreement of the Fund and the Adviser based upon a determination that this is appropriate under the circumstances at that time.


The Adviser contractually agrees to reduce its management fee or, if necessary, make payment to each of the following share classes of the Fund in an amount equal to the amount by which the “Expenses” of the share class exceed the percentage of average annual net assets (on an annualized basis) attributable to the class as set forth in the table below. “Expenses” means all expenses attributable to a class of shares, excluding fund level expenses such as (a) advisory fees, (b) underlying fund expenses (“acquired fund fees”), (c) taxes, (d) brokerage commissions, (e) interest expense, (f) litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the Fund’s business and (g) short dividend expense. This expense limitation agreement expires on December 31, 2015, unless renewed by mutual agreement of the Fund and the Adviser based upon a determination that this is appropriate under the circumstances at that time.



Class A

Class C

Class I

Class R2

Class R4

Class R62

N/A

N/A

N/A

0.67%

0.42%

0.00%


The Adviser contractually agrees, effective January 1, 2015, to reduce its advisory fee that would be payable by the Fund by 0.05% of the Fund's average daily net assets up to $5 billion, and by 0.025% on average daily net assets of the Fund over $5 billion. This expense limitation agreement expires on December 31, 2015, unless renewed by mutual agreement of the Fund and the Adviser based upon a determination that this is appropriate under the circumstances at that time.

________________________

2 Effective January 1, 2015 blue-sky fees and printing and postage fees will be treated as fund level expenses in accordance with the Funds’ 18f-3 Plan. The Adviser will continue to waive blue-sky fees and printing and postage fees as part of the Class Expense Waivers until the expiration date listed above (the “Expiration Date”). Effective January 1, 2015 for all other share classes of the Fund the Adviser will voluntarily waive all blue-sky fees and printing and postage fees until the Expiration Date. See Appendix L.





K-1





APPENDIX L

Voluntary Advisor Waiver Agreements


Lifestyle Portfolios


The Adviser voluntarily agrees to waive its advisory fee for each Lifestyle Portfolio (each a “Fund”) so that the aggregate advisory fee retained by the Adviser with respect to both the Fund and its underlying investments (after payment of subadvisory fees) does not exceed 0.50% of the Fund’s first $7.5 billion of average annual net assets and 0.49% of the Fund’s average annual net assets in excess of $7.5 billion.   The Adviser may terminate this voluntary waiver at any time upon notice to the Trust.


Lifestyle II Portfolios


The Adviser voluntarily agrees to waive its advisory fee for each Lifestyle II Portfolio (each a “Fund”) so that the aggregate advisory fee retained by the Adviser with respect to both the Fund and its underlying investments (after payment of subadvisory fees) does not exceed 0.50% of the Fund’s first $7.5 billion of average annual net assets and 0.49% of the Fund’s average annual net assets in excess of $7.5 billion.   The Adviser may terminate this voluntary waiver at any time upon notice to the Trust.


Retirement Living Portfolios


The Adviser voluntarily agrees to waive its advisory fee for each Retirement Living Portfolio (each a “Fund”) so that the aggregate advisory fee retained by the Adviser with respect to both the Fund and its underlying investments (after payment of subadvisory fees) does not exceed 0.51% of the Fund’s first $7.5 billion of average annual net assets and 0.50% of the Fund’s average annual net assets in excess of $7.5 billion.   The Adviser may terminate this voluntary waiver at any time upon notice to the Trust.


Retirement Living II Portfolios


The Adviser voluntarily agrees to waive its advisory fee for each Retirement Living II Portfolio (each a “Fund”) so that the aggregate advisory fee retained by the Adviser with respect to both the Fund and its underlying investments (after payment of subadvisory fees) does not exceed 0.51% of the Fund’s first $7.5 billion of average annual net assets and 0.50% of the Fund’s average annual net assets in excess of $7.5 billion.   The Adviser may terminate this voluntary waiver at any time upon notice to the Trust.


Retirement Choices Portfolios


The Adviser voluntarily agrees to waive its advisory fee for each Retirement Choices Portfolio (each a “Fund”) so that the aggregate advisory fee retained by the Adviser with respect to both the Fund and its underlying investments (after payment of subadvisory fees) does not exceed 0.51% of the Fund’s first $7.5 billion of average annual net assets and 0.50% of the Fund’s average annual net assets in excess of $7.5 billion. The Adviser may terminate this voluntary waiver at any time upon notice to the Trust.





L-1





Alternative Asset Allocation Fund


The Adviser voluntarily agrees to waive its advisory fee for the Fund so that the aggregate advisory fee retained by the Adviser with respect to both the Fund and its underlying investments (after payment of subadvisory fees) does not exceed 0.60% of the Fund’s average annual net assets.   The Adviser may terminate this voluntary waiver at any time upon notice to the Fund.


Total Return Fund


Effective June 1, 2013, the Adviser voluntarily agrees to reduce its advisory fee that would be payable by the Total Return Fund (after giving effect to asset-based breakpoints) by 0.02% of the Total Return Fund's average daily net assets.    The Adviser may terminate this voluntary waiver at any time upon notice to the Total Return Fund.


Alpha Opportunities Fund


Effective June 1, 2013, the Adviser voluntarily agrees to reduce its advisory fee that would be payable by the Alpha Opportunities Fund (after giving effect to asset-based breakpoints) by 0.03% of the Alpha Opportunities Fund's average daily net assets.    The Adviser may terminate this voluntary waiver at any time upon notice to the Alpha Opportunities Fund.


Blue-sky and Printing and Postage Fees waiver


Effective December 1, 2014 for Global Absolute Return Strategies Fund and Absolute Return Currency Fund and effective January 1, 2015 for all other Funds in the table below, for all share classes of the Funds the Adviser will voluntarily waive (contractually for Class R6) all blue-sky fees and printing and postage fees until the Expiration Dates.

Fund

Expiration Date of Expense Limit

Absolute Return Currency Fund

November 30, 2015

Emerging Markets Fund

December 31, 2015

Floating Rate Income Fund

December 31, 2015

Global Absolute Return Strategies Fund

November 30, 2015

Alternative Asset Allocation Fund

December 31, 2015

Natural Resources Fund

December 31, 2015

Small Cap Value Fund

December 31, 2015

Strategic Income Opportunities Fund

December 31, 2015









Funds Listed in Attachment A


The Adviser voluntarily agrees to reduce its management fee for each Fund, or if necessary make payment to the Fund, in an amount equal to the amount by which the “Expenses” of the Fund exceed the percentage of average annual net assets (on an annualized basis) of the Fund listed in Attachment A.  “Expenses” means all the expenses of the Fund, excluding (a) taxes, (b) brokerage commissions, (c) interest expense, (d) litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the Fund’s business (e) advisory fees, (f) class specific expenses (g) underlying fund expenses (“acquired fund fees”) and (h) short dividend expense.  This voluntary expense reimbursement will continue in effect until terminated at any time by the Adviser on notice to the Trust.





L-3





Attachment A


Platform

Fund

Fund Name

Cap %

Expiration
Date

JHF II

2Y55

JHF II Absolute Return Currency Fund

0.150%

Voluntary

JHF II

2CZC

JHF II Active Bond Fund

0.150%

Voluntary

JHF II

2DBN

JHF II All Cap Core Fund

0.200%

Voluntary

JHF II

2CK2

JHF II Alpha Opportunities Fund

0.200%

Voluntary

JHF II

2CZY

JHF II Blue Chip Growth Fund

0.200%

Voluntary

JHF II

2CVA

JHF II Capital Appreciation Fund

0.200%

Voluntary

JHF II

2Y57

JHF II Capital Appreciation Value Fund

0.200%

Voluntary

JHF II

2CZS

JHF II Core Bond Fund

0.150%

Voluntary

JHF II

2Y73

JHF II Emerging Leaders

0.250%

Voluntary

JHF II

2Y38

JHF II Emerging Markets Debt Fund

0.150%

Voluntary

JHF II

2DCN

JHF II Emerging Markets Fund

0.250%

Voluntary

JHF II

2CZ0

JHF II Equity-Income Fund

0.200%

Voluntary

JHF II

2DCU

JHF II Floating Rate Income

0.150%

Voluntary

JHF II

 

JHF II Fundamental Global Franchise Fund

0.250%

Voluntary

JHF II

2Y68

JHF II Fundamental All Cap Core Fund

0.200%

Voluntary

JHF II

2Y69

JHF II Fundamental Large Cap Core Fund

0.200%

Voluntary

JHF II

2Y70

JHF II Fundamental Large Cap Value Fund

0.200%

Voluntary

JHF II

2Y76

JHF II Global Absolute Return Strategies

0.200%

Voluntary

JHF II

2CZ1

JHF II Global Bond Fund

0.150%

Voluntary

JHF II

 

JHF II Global Equity Fund

0.250%

Voluntary

JHF II

2Y33

JHF II Global Income Fund

0.150%

Voluntary

JHF II

2DBH

JHF II Global Real Estate Fund

0.250%

Voluntary

JHF II

2Y74

JHF II Health Sciences Fund

0.200%

Voluntary

JHF II

2CZ5

JHF II High Yield Fund

0.150%

Voluntary

JHF II

 

JHF II International Growth Opportunities Fund

0.250%

Voluntary

JHF II

2Y53

JHF II International Growth Stock Fund

0.250%

Voluntary

JHF II

2CZ4

JHF II International Small Cap Fund

0.250%

Voluntary

JHF II

2DBF

JHF II International Small Company Fund

0.250%

Voluntary

JHF II

2CZ8

JHF II International Value Fund

0.250%

Voluntary

JHF II

2CZW

JHF II Investment Quality Bond Fund

0.150%

Voluntary

JHF II

2CVL

JHF II Lifestyle Aggressive Portfolio

0.100%

Voluntary

JHF II

2CVI

JHF II Lifestyle Balanced Portfolio

0.100%

Voluntary

JHF II

2CVG

JHF II Lifestyle Conservative Portfolio

0.100%

Voluntary

JHF II

2CVJ

JHF II Lifestyle Growth Portfolio

0.100%

Voluntary

JHF II

2CVH

JHF II Lifestyle Moderate Portfolio

0.100%

Voluntary

JHF II

2CZ7

JHF II Mid Cap Stock Fund

0.200%

Voluntary

JHF II

2Y16

JHF II Mid Value Fund

0.200%

Voluntary

JHF II

2Y34

JHF II Short Duration Credit Opportunities Fund

0.150%

Voluntary

JHF II

2CZF

JHF II Natural Resources Fund

0.200%

Voluntary

JHF II

2DBJ

JHF II Real Estate Equity Fund

0.200%

Voluntary

JHF II

2CZB

JHF II Real Estate Securities Fund

0.200%

Voluntary

JHF II

2CZE

JHF II Real Return Bond Fund

0.150%

Voluntary









JHF II

2Y72

JHF II Redwood Fund

0.200%

Voluntary

JHF II

2Y34

JHF II Short Duration Credit Opportunities Fund

0.150%

Voluntary

JHF II

2Y14

JHF II Short Term Government Income Fund

0.150%

Voluntary

JHF II

2DCY

JHF II Small Cap Growth Fund

0.200%

Voluntary

JHF II

2CHK

JHF II Small Cap Opportunities Fund

0.200%

Voluntary

JHF II

2Y21

JHF II Small Cap Value Fund

0.200%

Voluntary

JHF II

2DAB

JHF II Small Company Growth Fund

0.200%

Voluntary

JHF II

2CZ6

JHF II Small Company Value Fund

0.200%

Voluntary

JHF II

2DAG

JHF II Spectrum Income Fund

0.150%

Voluntary

JHF II

2K2K

JHF II Strategic Equity Allocation Fund

0.200%

Voluntary

JHF II

2DBP

JHF II Strategic Income Opportunities Fund

0.150%

Voluntary

JHF II

2Y30

JHF II Technical Opportunities Fund

0.200%

Voluntary

JHF II

2CZ9

JHF II Total Return Fund

0.150%

Voluntary

JHF II

2CZU

JHF II U.S. High Yield Bond Fund

0.150%

Voluntary

JHF II

2DAF

JHF II U.S. Equity Fund

0.200%

Voluntary

JHF II

 

JHF II Science & Technology Fund

0.200%

Voluntary

JHF II

2DBY

JHF II Value Fund

0.200%

Voluntary





L-3