EX-99.(D)(1)(H) 2 v342080_ex-d1h.htm EXHIBIT 99.(D)(1)(H)

 

JOHN HANCOCK VARIABLE INSURANCE TRUST

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 30, 2008, between John Hancock Variable Insurance Trust (formerly, John Hancock Trust), a Massachusetts business trust (the “Trust” or “JHVIT”) 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 reflect a decrease in:

 

a. the advisory fee for the Active Bond Trust, Mutual Shares Trust and Strategic Income Opportunities Trust.

 

2.EFFECTIVE DATE

 

The Amendment shall become effective with respect to the fund on the later of:

 

(i) the date of its execution, and

(ii) approval by the Board of Trustees of the Trust of the Amendment.

 

3.DEFINED TERMS

 

Unless otherwise defined herein, capitalized terms used herein have the meanings specified in or pursuant to the Agreement.

 

4.OTHER TERMS OF THE AGREEMENT

 

Except as specifically amended hereby, all of the terms and conditions of the Agreement shall continue to be in full force and effect and shall be binding upon the parties in accordance with their respective terms.

 

John Hancock Variable Insurance Trust

 

By: /s/Hugh McHaffie  
  Hugh McHaffie, President  

 

John Hancock Investment Management Services, LLC

 

By: /s/ Leo Zerilli  
  Leo Zerilli  
  Vice President  

 

 
 

 

APPENDIX A

 

ADVISORY FEE SCHEDULE

 

The Adviser shall serve as investment adviser for each 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 each Portfolio, the fee computed separately for such Portfolio at an annual rate as follows (the “Adviser Fee”).

 

The term Aggregate Net Assets in the chart below includes the net assets of a Portfolio of the Trust. It also includes with respect to certain Portfolios 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 Portfolio 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 Portfolio 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 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 divided by (ii) Aggregate 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 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.

 

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Advisory Fee Schedules

 

  Aggregate Net Assets Include the
Net Assets of the following funds in
addition to the
 
Trust Portfolio Trust Portfolio Advisory Fee of the Trust Portfolio-
500 Index Trust Not Applicable

0.470% — first $500 million; and

0.460% — excess over $500 million.

     
500 Index Trust B Not applicable

0.470% — first $500 million; and

0.460% — excess over $500 million.

     
Active Bond Trust

Active Bond Fund

(JHF II)

0.600% — first $2.5 billion;

0.575%— next $2.5 billion; and

0.550%— excess over $5 billion

     
All Cap Core Trust

All Cap Core Fund

(JHF II)

0.800% — first $500 million; and

0.750% — excess over $500 million.

     
All Cap Value Trust

All Cap Value Fund

(JHF II)

0.800% — first $500 million; and

0.750% — excess over $500 million.

Alpha Opportunities Trust

Alpha Opportunities Fund

(JHF II)

1.025% — first $250 million;

1.00%— next $250 million;

0.975% — next $500 million; and

0.950%— excess over $1 billion

     
Fundamental Holdings Trust See below See below
     
Global Diversification Trust See below See below
     

Blue Chip Growth

Trust

Blue Chip Growth Fund

(JHF II)

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.

     
Bond Trust

Bond PS Series

(JHVIT)

 

0.650% — first $500 million;

0.600%— next $1 billion;

0.575%— next $1 billion;

0.550% — excess over $2.5 billion.

 

Bond PS Series

Bond Trust

(JHVIT)

0.650% — first $500 million;

0.600%— next $1 billion;

0.575%— next $1 billion;

0.550% — excess over $2.5 billion.

     
Capital Appreciation Trust

Capital Appreciation Fund

(JHF II)

0.850% — first $300 million;

0.800% — between $300 million and $500 million;

 

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    0.700% — between $500 million and $1 billion; and
    0.670% — excess over $1 billion.
     
Capital Appreciation Value Trust Capital Appreciation Value Fund (JHF II) See below
     
Core Allocation Plus Trust

Core Allocation Plus Fund

(JHF II)

0.915% — first $500 million; and

0.865% — excess over $500 million

     
Core Bond Trust

Core Bond Fund

(JHF II)

0.690% — first $200 million;

0.640% — next $200 million; and

0.570% — excess over $400 million.

     
Core Fundamental Holdings Trust See below See below
     
Core Global Diversification Trust See below See below
     
Core Strategy Trust See below See below
     

 Currency Strategies Trust

Currency Strategies Fund

(JHF II)

0.950% — first $250 million;

0.900% — next $250 million and

0.850% — excess over $500 million.

     
Disciplined Diversification Trust Not applicable

0.800% — first $100 million;

0.700% — next $900 million; and

0.650% — excess over $1 billion

     
Emerging Markets Value Trust

Emerging Markets Fund

(JHF II)

1.00% — first $100 million; and

0.950% - excess over $100 million.

     
Equity-Income Trust

Equity-Income Fund

(JHF II)

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 Trust

Financial Services Fund

(JHF II)

0.800% — first $50 million;

0.7750% — next $450 million; and

0.750% — excess over $500 million.

 

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Franklin Templeton Founding Allocation Trust See below See below
     
Fundamental All Cap Core Trust

Fundamental All Cap Core Fund

(JHF II)

0.675% — first $2.50 billion; and

0.650% — excess over $2.50 billion.

     
Fundamental Large Cap Value Trust

Fundamental Large Cap Value Fund

(JHF II) 

0.700% — first $500 million;

0.650% — next $500 million; and

0.600% — excess over $1 billion.

     
Fundamental Value Trust Fundamental Value Fund (JHF II)

0.800% — first $50 million;

0.775% — next $450 million; and

0.750% — excess over $500 million.

     
Global Bond Trust

Global Bond Fund (JHF II)

0.700% — at all asset levels.

 

Global Trust

 

JHVIT

International Value Trust

Income Trust

Mutual Shares Trust

 

JHF II

Global Fund

International Value Fund

Income Fund

Mutual Shares Fund

International Small Cap Fund

0.850% — first $1 billion; and

0.800% — excess over $1 billion.

 

     
Growth Equity Trust

Rainier Growth Fund

(JHF III)

0.730% — first $3 billion;

0.725% — next $3 billion; and

0.700% — excess over $6 billion.

     
Health Sciences Trust Health Sciences Fund (JHF II)

1.050% — first $500 million; and

1.000% — excess over $500 million.

     

Heritage Trust

(formerly, Vista Trust)

Heritage Fund

(JHF II)

0.850% — first $400 million;

0.825% — next $600 million; and

0.800% — excess over $1 billion.

     
High Yield Trust

High Yield Fund

(JHF II)

0.700% — first $500 million; and

0.650% — excess over $500 million.

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Income Trust

 

JHVIT

International Value Trust

Global Trust

Mutual Shares Trust

 

JHF II

Income Fund

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 Trust.

 

 

     
International Core Trust

International Core Fund

(JHF III)

0.92% — first $100 million;

0.895% — next $900 million;

0.88% — next $1 billion;

0.85% — next $1 billion;

0.825% — next $1 billion;

0.800% — excess over $4 billion. 

     
International Equity Index Trust A Not Applicable

0.550% — first $100 million; and

0.530% — excess over $100 million.

     
International Equity Index Trust B Not applicable

0.550% — first $100 million; and

0.530% — excess over $100 million.

     
International Growth Stock Trust International Growth Stock Fund (JHF II)

0.850% — first $250 million;

0.800% — next $500 million and

0.750% — excess over $750 million.

     

International Index Trust

 

Not applicable

0.49% — first $500 million;

0.475% — excess over $500 million.

 
     
International Opportunities Trust International Opportunities Fund (JHF II)

0.900% — first $750 million;

0.850% — between $750 million and

$1.5 billion; and

0.800% — excess over $1.5 billion.

     
International Small Company Trust International Small Company Fund (JHF II)

 

0.950% — all asset levels

 

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International Value Trust

 

JHVIT

Global Trust

Income Trust

Mutual Shares Trust

 

JHF II

Global Fund

Income Fund

International Small Cap Fund

International Value 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 of the International Value Trust.

     
Investment Quality Bond Trust Investment Quality Bond Fund (JHF II)

0.600% — first $500 million; and

0.550% — excess over $500 million.

     
Lifecycle Trusts See below See below
     
Lifestyle Trusts See below See below
     
Lifestyle PS Series See below See below
     
Mid Cap Index Trust Not Applicable

0.490% — first $250 million;

0.480% — next $250 million; and

0.460% — excess over $500 million.

     
Mid Cap Stock Trust

Mid Cap Stock Fund

(JHF II

0.875% — first $200 million;

0.850% — next $300 million; and

0.825% — excess over $500 million.

     
Mid Cap Value Equity Trust Mid Cap Value Equity Fund (JHF II)

0.875% — first $250 million;

0.850% — next $250 million;

0.825% — next $500 million; and

0.800% — excess over $1 billion.

     
Mid Value Trust

Mid Value Fund

(JHF II)

1.050% — first $50 million; and

0.950% — excess over $50 million.

     
Money Market Trust

Money Market Fund

(JHF II)

0.500% — first $500 million; and

0.470% — excess over $500 million.

     
Money Market Trust B Not applicable

0.500% — first $500 million; and

0.470% — excess over $500 million.

 

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Mutual Shares Trust

Mutual Shares Fund

(JHF II)

0.960% — first $750 million; and

0.920%  — excess over $750 million.

 

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

     
Natural Resources Trust

Natural Resources Fund

(JHF II)

1.000% — first $1 billion;

0.975% — next $1 billion;

0.950% — excess over $2 billion.

     

New Income Trust

(formerly, “Spectrum Income Trust”)

Not Applicable

0.800% — first $50 million*;

0.750% — next $50 million*#;

0.675% — next $150 million*;

0.625% — next $250 million*; and

0.600% — excess over $500 million*.

 

*The annual rate of the advisory fee on all the net assets of the New Income Trust on any day shall not exceed 0.725%.

 

#When net assets of the New Income Trust exceed $100 million on any day, the annual rate of advisory fee for that day is 0.750% on the first $100 million of net assets of the New Income Trust.

     
Real Estate Securities Trust Real Estate Securities Fund (JHF II) 0.700% — at all asset levels.
     
Real Return Bond Trust

Real Return Bond Fund

(JHF II)

0.700% — first $1 billion; and

0.650% — excess over $1 billion.

     
Science & Technology Trust Science & Technology Fund (JHF II)

1.050% — first $500 million; and

1.000% — excess over $500 million.

     

Short Term Government

Income Trust

Short Term Government Income Fund (JHF  II)

0.570% — first $250 million; and

0.550% — excess over $250 million.

     
Small Cap Growth Trust

Small Cap Growth Fund

(JHF II)

1.100% — first $100 million;

1.050% — excess over $100 million.

     
Small Cap Index Trust Not Applicable

0.490% — first $250 million;

0.480% — next $250 million; and

0.460% — excess over $500 million.

 

8
 

 

Small Cap Opportunities Trust

Small Cap Opportunities Fund

(JHF II)

1.000% — first $500 million;

0.950% — next $500 million;

0.900% — next $1 billion;

0.850%— excess over $2 billion;

     
Small Cap Value Trust

Small Cap Value Fund

(JHF II)

1.100% — first $100 million;

1.050% — next $500 million; and

1.000% — excess over $600 million.

     
Small Company Growth Trust

Small Company Growth Fund

 

 

1.050% — first $250 million; and

1.000% — excess over $250 million.

 

When Aggregate Net Assets of the following funds exceed $1 billion, the applicable rate is 1.000% on all net assets of the Small Company Growth Trust.

 

JHVIT

Small Cap Opportunities Trust

International Growth Stock Trust

Value Trust

 

JHF II

Small Company Growth Fund

Small Cap Opportunities Fund

International Growth Stock Fund

Value Fund 

     
Small Company Value Trust Small Company Value Fund (JHF II)

1.050% — first $500 million; and

1.000% — excess over $500 million.

     
Smaller Company Growth Trust Smaller Company Growth Fund (JHF II)

1.100% — first $125 million;

1.050%— next $250 million;

1.00%— next $625 million; and

0.950% — excess over $1 billion.

     
Strategic Allocation Trust Not applicable 0.550%— all asset levels.
     
Strategic Equity Allocation Trust Strategic Equity Allocation Fund (JHF II)

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 Trust

Strategic Income Opportunities Fund

(JHF II)

0.700% — first $500 million;

0.650% — next $3 billion; and

0.600% — excess over $3.5 billion

 

     
Total Bond Market  Trust A

Total Bond Market Trust B

 

0.470% — first $1.5 billion;

0.460% — excess over $1.5 billion

 

 

9
 

 

Total Bond Market Trust B

Total Bond Market Trust A

 

0.470% — first $1.5 billion;

0.460% — excess over $1.5 billion

     
Total Return Trust

Total Return Fund

(JHF II)

See below
     
Total Stock Market Index Trust Total Stock Market Index Fund (JHF II)

0.490% — first $250 million;

0.480% — next $250 million; and

0.460% — excess over $500 million.

     
Ultra Short Term Bond Trust Not applicable

0.550% — first $250 million; and

0.530% — excess over $250 million.

 

U.S. Equity Trust

U.S. Equity Fund

(JHF II)

0.780% — first $500 million;

0.760% — next $500 million; and

0.740% — excess over $1 billion.

     
Utilities Trust

Utilities Fund

(JHF II)

0.825% — first $600 million;

0.800% — next $300 million;

0.775% — next $600 million; and

0.700% — excess over $1.5 billion.

     
Value Trust

Value Fund

(JHF II)

0.750% — first $200 million;

0.725% — next $300 million; and

0.650% — excess over $500 million.

 

10
 

 

Capital Appreciation Value Trust

 

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

 

Portfolio First $250 million of
Net Assets
Excess Over $250 million of
Net Assets
Capital Appreciation Value Trust 0.950% 0.850%

 

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

 

Portfolio First $1 billion of
Net Assets
Excess Over $1 billion of Net
Assets
Capital Appreciation Value Trust 0.850% 0.800%

 

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

 

Portfolio First $500 million of
Net Assets
Excess Over $500 million of
Net Assets
Capital Appreciation Value Trust 0.850% 0.800%

 

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

 

Portfolio All Asset Levels
Capital Appreciation Value Trust 0.800%

 

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Total Return Trust

 

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 Trust 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 Trust 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 Trust 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 Fund, a series of John Hancock Funds II but only for the period during which the subadviser for the Portfolio also serves as the subadviser for the Total Return Fund. 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.

 

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Funds of Funds

 

The Adviser shall serve as investment adviser for each of the Trusts named below (each a “Fund of Funds”):

 

Core Fundamental Holdings Trust

Core Global Diversification Trust

Core Strategy Trust

Franklin Templeton Founding Allocation Trust

 

Lifecycle 2010 Trust

Lifecycle 2015 Trust

Lifecycle 2020 Trust

Lifecycle 2025 Trust

Lifecycle 2030 Trust

Lifecycle 2035 Trust

Lifecycle 2040 Trust

Lifecycle 2045 Trust

Lifecycle 2050 Trust

(collectively, the “Lifecycle Trusts”)

 

Lifestyle Aggressive Trust

Lifestyle Balanced Trust

Lifestyle Conservative Trust

Lifestyle Growth Trust

Lifestyle Moderate Trust

(collectively, the “Lifestyle Trusts”)

 

Lifestyle Balanced PS Series

Lifestyle Conservative PS Series

Lifestyle Growth PS Series

Lifestyle Moderate PS Series

(collectively, the “Lifestyle PS Series”)

 

 

___________________

 

 

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. In the case of Core Fundamental Holdings Trust and Core Global Diversification Trust, Affiliated Funds also includes the funds of American Fund Insurance Series.

 

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 or Funds are 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”).

 

13
 

 

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 each 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.

 

(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, respectively, 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, respectively, 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:

 

  Rates Applied to Net Assets of the Fund of Funds
Fund of Funds Affiliated Fund Assets   Other Assets
  First 
$500 million
Excess Over
$500 million
  First
 $500 million
Excess Over
 $500 million
           
Core Fundamental Holdings Trust 0.050% 0.040%   0.500% 0.490%
           
Core Global Diversification Trust 0.050% 0.040%   0.500% 0.490%
           
Core Strategy Trust 0.050% 0.040%   0.500% 0.490%
           
Franklin Templeton Founding  Allocation Trust 0.050% 0.040%   0.500% 0.490%

 

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Lifecycle Trusts

  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 Lifecycle Trust 0.060% 0.050%   0.510% 0.500%

 

_____________________

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

 

 

Lifestyle Trusts

  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 Trust 0.050% 0.040%   0.500% 0.490%

 

_________________________

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

 

Lifestyle PS Series

    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 PS Series 0.050% 0.040%   0.500% 0.490%
               

_________________________

(1) Aggregate Net Assets. For each Lifestyle PS Series, Aggregate Net Assets include the net assets of all the Lifestyle PS Series funds. 

 

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American Fund of Funds

 

Fundamental Holdings Trust

Global Diversification Trust

 

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

Fundamental Holdings Trust

Global Diversification Trust

 

John Hancock Funds II

Core Fundamental Holdings Fund

Core Global Diversification Fund

Core Diversified Growth & Income Fund

 

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