To the Trustees of the John Hancock Group of Funds Boston, MA 02210 Re: Agreement to Waive Advisory Fees and Reimburse Expenses
Exhibit 99.(h).(6)
July 1, 2018
To the Trustees of the Xxxx Xxxxxxx Group of Funds
000 Xxxxxxxx Xxxxxx
Boston, MA 02210
Re: Agreement to Waive Advisory Fees and Reimburse Expenses
Xxxx Xxxxxxx Investment Management Services, LLC and Xxxx Xxxxxxx Advisers, LLC (collectively, the “Advisers”), each an investment adviser to the investment companies listed in Appendix A (collectively, the “Xxxx Xxxxxxx Funds”), hereby notify you as follows:
1. Each Adviser agrees to waive its management fee for a Xxxx Xxxxxxx Fund portfolio, as applicable, or otherwise reimburse the expenses of that portfolio as set forth below (the “Reimbursement”).
2. The Reimbursement shall apply to all Xxxx Xxxxxxx Fund portfolios in existence on the date of this Agreement, except those noted below, and to all future Xxxx Xxxxxxx Fund portfolios to which an Adviser agrees this Agreement should apply (the “Participating Portfolios”).
The Reimbursement shall not apply to the following Xxxx Xxxxxxx Variable Insurance Trust portfolios:
Each Managed Volatility Portfolio
Each Lifecycle Trust
Each Lifestyle Portfolio
The reimbursement shall not apply to the following Xxxx Xxxxxxx Funds II portfolios:
Each Multi-Index Preservation Portfolio
Each Multimanager Lifestyle Portfolio
Each Multi-Index Lifestyle Portfolio
Each Multimanager Lifetime Portfolio
Each Multi-Index Lifetime Portfolio
Alternative Asset Allocation Fund
Income Allocation Fund
Retirement Income 2040 Fund
The reimbursement shall not apply to Xxxx Xxxxxxx Collateral Trust.
3. The Reimbursement shall equal on an annualized basis:
0.01% of that portion of the aggregate net assets of all the Participating Portfolios that exceeds $75 billion but is less than or equal to $125 billion;
0.0125% of that portion of the aggregate net assets of all the Participating Portfolios that exceeds $125 billion but is less than or equal to $150 billion;
0.0150% of that portion of the aggregate net assets of all the Participating Portfolios that exceeds $150 billion but is less than or equal to $175 billion;
0.0175% of that portion of the aggregate net assets of all the Participating Portfolios that exceeds $175 billion but is less than or equal to $200 billion;
0.02% of that portion of the aggregate net assets of all the Participating Portfolios that exceeds $200 billion but is less than or equal to $225 billion; and
0.0225% of that portion of the aggregate net assets of all the Participating Portfolios that exceeds $225 billion.
The amount of the Reimbursement shall be calculated daily and allocated among all the Participating Portfolios in proportion to the daily net assets of each such portfolio.
4. The Reimbursement with respect to each Participating Portfolio expires on June 30, 2020 unless renewed by mutual agreement of the Xxxx Xxxxxxx Funds and the Advisers based upon a determination that this is appropriate under the circumstances at the time.
5. This Agreement is effective as of July 1, 2018 and supersedes the prior Letter Agreement from the Adviser to the Trustees relating to the same subject matter.
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Very truly yours, | ||||
Xxxx Xxxxxxx Investment Management Services, LLC | ||||
By: | /s/ Xxx Xxxxxxx | |||
Xxxx Xxxxxxx Advisers, LLC | ||||
By: | /s/ Xxx Xxxxxxx |
ACCEPTED BY:
Xxxx Xxxxxxx Financial Opportunities Fund | |
Xxxx Xxxxxxx Xxxx Trust | Xxxx Xxxxxxx Municipal Securities Trust |
Xxxx Xxxxxxx California Tax-Free Income Fund | Xxxx Xxxxxxx Preferred Income Fund |
Xxxx Xxxxxxx Capital Series | Xxxx Xxxxxxx Preferred Income Fund II |
Xxxx Xxxxxxx Current Interest | Xxxx Xxxxxxx Preferred Income Fund III |
Xxxx Xxxxxxx Premium Dividend Fund | |
Xxxx Xxxxxxx Funds III | Xxxx Xxxxxxx Sovereign Bond Fund |
Xxxx Xxxxxxx Hedged Equity & Income Fund | |
Xxxx Xxxxxxx Income Securities Trust | Xxxx Xxxxxxx Strategic Series |
Xxxx Xxxxxxx Investment Trust | Xxxx Xxxxxxx Tax-Advantaged Dividend Income Fund |
Xxxx Xxxxxxx Investment Trust II | Xxxx Xxxxxxx Tax-Advantaged Global Shareholder Yield Fund |
Xxxx Xxxxxxx Investment Trust III | |
Xxxx Xxxxxxx Investors Trust | Xxxx Xxxxxxx Funds II |
Xxxx Xxxxxxx Variable Insurance Trust
Xxxx Xxxxxxx Exchange-Traded Fund Trust |
On behalf of each of its series identified as a Participating Portfolio | ||||
By: | /s/ Xxxxxx X. Xxxxxx |
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Appendix A
Xxxx Xxxxxxx Financial Opportunities Fund | |
Xxxx Xxxxxxx Xxxx Trust | Xxxx Xxxxxxx Municipal Securities Trust |
Xxxx Xxxxxxx California Tax-Free Income Fund | Xxxx Xxxxxxx Preferred Income Fund |
Xxxx Xxxxxxx Capital Series | Xxxx Xxxxxxx Preferred Income Fund II |
Xxxx Xxxxxxx Current Interest | Xxxx Xxxxxxx Preferred Income Fund III |
Xxxx Xxxxxxx Premium Dividend Fund | |
Xxxx Xxxxxxx Funds III | Xxxx Xxxxxxx Sovereign Bond Fund |
Xxxx Xxxxxxx Hedged Equity & Income Fund | |
Xxxx Xxxxxxx Income Securities Trust | Xxxx Xxxxxxx Strategic Series |
Xxxx Xxxxxxx Investment Trust | Xxxx Xxxxxxx Tax-Advantaged Dividend Income Fund |
Xxxx Xxxxxxx Investment Trust II | Xxxx Xxxxxxx Tax-Advantaged Global Shareholder Yield Fund |
Xxxx Xxxxxxx Investment Trust III | |
Xxxx Xxxxxxx Investors Trust | Xxxx Xxxxxxx Funds II |
Xxxx Xxxxxxx Variable Insurance Trust
Xxxx Xxxxxxx Exchange-Traded Fund Trust |
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