JOHN HANCOCK FUNDS II Grantham, Mayo, Van Otterloo & Co. LLC
XXXX XXXXXXX FUNDS II
Grantham, Mayo, Van Otterloo & Co. LLC
AMENDMENT (the “Amendment”) made as of this 14th day of June, 2011 to the Subadvisory
Agreement dated October 17, 2005 (the “Agreement”), between Xxxx Xxxxxxx Investment Management
Services, LLC, a Delaware limited liability company (the “Adviser”), and Grantham, Mayo, Van
Otterloo & Co. LLC, a Massachusetts limited liability company (the “Subadviser”). In consideration
of the mutual covenants contained herein, the parties agree as follows:
1. CHANGE IN APPENDIX A
Appendix A of the Agreement, which relates to Section 3 of the Agreement, “Compensation of
Subadviser,” is hereby amended and restated.
2. EFFECTIVE DATE
This Amendment shall become effective on the later to occur of: (i) approval of the Amendment
by the Board of Trustees of Xxxx Xxxxxxx Funds II (the “Trust”) and (ii) execution of the
Amendment.
3. DEFINED TERMS
Unless otherwise defined herein, capitalized terms used herein have the meaning 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.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed under seal by
their duly authorized officers as of the date first mentioned above.
XXXX XXXXXXX INVESTMENT MANAGEMENT SERVICES, LLC |
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By: | /s/ Xxxxxx Xxxxxx | |||
Executive Vice President | ||||
Grantham, Mayo, Van Otterloo & Co. LLC |
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By: | /s/ X.X. Xxxxxxxxx | |||
General Counsel | ||||
APPENDIX A
The Subadviser shall serve as investment subadviser for the Fund. The Adviser will pay the
Subadviser, as full compensation for all services provided under this Agreement, the fee computed
as indicated below.
1. For purposes of calculating the fee to be paid to the Subadviser under this Agreement:
“Fund Assets” shall mean the net assets of the Fund managed by the Subadviser for which the
fee is being calculated;
“Other Assets” shall mean the net assets of the portion of assets managed by the Subadviser of
the accounts listed in the table under Item 3 below;
“Combined Assets” shall mean the sum of Fund Assets and Other Assets; and
“Daily Fund Net Assets” shall mean the net asset value of the Fund Assets as of the end of
each day.
“Daily Combined Net Assets” shall mean the net asset value of the Combined Assets as of the
end of each day.
2. The Subadviser’s fee shall be calculated and accrued daily based upon the Daily Fund Net Assets
and the sum of the daily fee accruals shall be paid monthly in arrears (within 10 days of receipt
by the Adviser of an invoice from the Subadviser). The fee accrued each calendar day shall be
calculated by applying the Applicable Rate, as determined in accordance with Item 4 below, to the
Daily Fund Net Assets, and dividing by 365 (366 in a leap year).
3. The following table shall be used to determine the Other Assets that correspond to the Fund:
Names of Accounts Used to Calculate “Other Assets”
U.S. Multi Sector Trust, a series of Xxxx Xxxxxxx Trust
U.S. Multi Sector Trust, a series of Xxxx Xxxxxxx Trust
The following fee schedule shall be used to determine the Applicable Rate used in calculating the
fee to be paid to the Subadviser under this Agreement, in each case based on the Daily Combined Net
Assets as indicated.
Second | ||||||||||||
Tranche: | ||||||||||||
Daily Combined | Third | |||||||||||
First Tranche: | Net Assets in | Tranche: | ||||||||||
Daily Combined | Excess of | Daily Combined | ||||||||||
Net Assets | $500,000,000 | Net Assets in | ||||||||||
up to | and up to | Excess of | ||||||||||
Name of Portfolio | $500,000,000 | $1,000,000,000 | $1,000,000,000 | |||||||||
U.S. Multi Sector Fund |
% | % | % |
Unless otherwise indicated above, the “Applicable Rate” is equal to (a) the sum of the products of
the percentage and the dollar amount of the portion of Daily Combined Net Assets in each respective
tranche, divided by (b) the total amount of Daily Combined Net Assets.