EX-99.(M).2 12 jhci-html2783_ex99m2.htm RULE 12B-1 FEE WAIVER LETTER AGREEMENT DATED MARCH 17, 2020 BETWEEN THE REGISTRANT AND THE DISTRIBUTOR

Exhibit (m).2

 

John Hancock Investment Management Distributors LLC
200 Berkeley Street
Boston, MA 02116

 

 

March 17, 2020

 

To the Trustees of

John Hancock Funds

200 Berkeley Street

Boston, MA 02116

 

Re:      Rule 12b-1 Fee Waiver Letter Agreement

 

With reference to each of the Distribution Plans entered into by and between John Hancock Investment Management Distributors LLC (formerly, John Hancock Funds, LLC and hereinafter, the “Distributor”) and each of the trusts listed in Appendix A to this letter (each, a “Trust” and collectively, the “Trusts”), on behalf of each of their respective series listed in Appendix A (each, a “Fund” and collectively, the “Funds”), we hereby notify you as follows:

 

1. The Distributor agrees to contractually waive and limit its Rule 12b-1 distribution fees and/or service fees to the extent necessary to achieve the aggregate Rule 12b-1 distribution and service fees of each Fund as set forth in Appendix B hereto. The expense waiver agreements expire on the dates specified, unless renewed by mutual agreement of the Fund and the Distributor based upon a determination that this is appropriate under the circumstances at that time.

 

2. We understand and intend that the Trusts will rely on this undertaking in overseeing the preparation and filing of Post-effective Amendments to the Registration Statements on Form N-1A for the Trusts and the Funds with the Securities and Exchange Commission, in accruing each Fund’s expenses for purposes of calculating its net and gross 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 the Trusts so to rely.

 

    Sincerely,
     
    JOHN HANCOCK INVESTMENT MANAGEMENT DISTRIBUTORS LLC
      By: /s/ Jeffrey H. Long
        Jeffrey H. Long
        Chief Financial Officer
   

John Hancock Investment Management Distributors LLC
200 Berkeley Street
Boston, MA 02116

 

Agreed and Accepted
on behalf of each applicable Trust listed in Appendix A

 

By: /s/ Charles A. Rizzo      
  Charles A. Rizzo      
  Chief Financial Officer      
   

A copy of the document establishing each Trust is filed with the Secretary of The Commonwealth of Massachusetts. This Agreement is executed by the officer in his capacity as such and not as an individual and is not binding upon any of the Trustees, officers or shareholders of the Trusts individually but only upon the assets of the Funds.

   

APPENDIX A

TRUSTS and Funds

JOHN HANCOCK BOND TRUST

John Hancock ESG Core Bond Fund

John Hancock Government Income Fund

John Hancock High Yield Fund

John Hancock Investment Grade Bond Fund

John Hancock Short Duration Bond Fund

JOHN HANCOCK CALIFORNIA TAX-FREE INCOME FUND

John Hancock California Tax-Free Income Fund

JOHN HANCOCK CAPITAL SERIES

John Hancock Classic Value Fund

John Hancock U.S. Global Leaders Growth Fund

JOHN HANCOCK CURRENT INTEREST

John Hancock Money Market Fund

JOHN HANCOCK INVESTMENT TRUST

John Hancock Alternative Risk Premia Fund

John Hancock Balanced Fund

John Hancock Disciplined Value International Fund

John Hancock Diversified Real Assets Fund

John Hancock Diversified Macro Fund

John Hancock Emerging Markets Equity Fund

John Hancock ESG All Cap Core Fund

John Hancock ESG International Equity Fund

John Hancock ESG Large Cap Core Fund

John Hancock Fundamental Large Cap Core Fund

John Hancock Global Thematic Opportunities Fund

John Hancock Infrastructure Fund

John Hancock International Dynamic Growth Fund

John Hancock Seaport Long/Short Fund

John Hancock Small Cap Core Fund

JOHN HANCOCK INVESTMENT TRUST II

John Hancock Financial Industries Fund

John Hancock Regional Bank Fund

JOHN HANCOCK MUNICIPAL SECURITIES TRUST

John Hancock High Yield Municipal Bond Fund

John Hancock Tax-Free Bond Fund

JOHN HANCOCK SOVEREIGN BOND FUND

John Hancock Bond Fund

JOHN HANCOCK STRATEGIC SERIES

John Hancock Income Fund

  A-1 

APPENDIX B

 

Fund Class A Class B Class C Class R4 Expiration Date of Waiver/Limit
Balanced Fund N/A N/A N/A 0.15% 2/28/2021
Classic Value Fund N/A N/A N/A 0.15% 2/28/2021
Disciplined Value International Fund N/A N/A N/A 0.15% 2/28/2021
Emerging Markets Equity Fund N/A N/A N/A 0.15% 2/28/2021
Fundamental Large Cap Core Fund N/A N/A N/A 0.15% 2/28/2021
Bond Fund N/A N/A N/A 0.15% 9/30/2020
California Tax-Free Income Fund N/A 0.90% 0.90% N/A 9/30/2020
High Yield Municipal Bond Fund 0.15% 0.90% 0.90% N/A 9/30/2020
Income Fund N/A N/A N/A 0.15% 9/30/2020
Investment Grade Bond Fund N/A N/A N/A 0.15% 9/30/2020
Tax-Free Bond Fund 0.15% 0.90% 0.90% N/A 9/30/2020
Money Market Fund 0.00% 0.00% 0.00% N/A 7/31/20211

 

 

1 At the March 16-17, 2020 meeting of the Board of Trustees of the Trusts, the Distributor notified the Board of, and the Board approved, the extension of the waiver of all 12b-1 fees fees for Class A, Class B and Class C shares of Money Market Fund, with an expiration date of July 31, 2021, effective upon the current expiration date of July 31, 2020.

  B-1