To the Trustees of the John Hancock Funds Boston, MA 02210 Re: Agreement to Waive Advisory Fees and Reimburse Expenses

Exhibit (h)(11)

June 1, 2013

To the Trustees of the Xxxx Xxxxxxx 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”), the investment advisers 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 Lifestyle Trust

Each Lifecycle Trust

Each Lifestyle PS Series

Core Strategy Trust

Xxxxxxxx Xxxxxxxxx Founding Allocation Trust

Fundamental Holdings Trust

Global Diversification Trust

Core Fundamental Holdings Trust

Core Global Diversification Trust

Money Market Trust

Money Market Trust B

500 Index Trust B

International Equity Index Trust B

Mid Cap Index Trust

Small Cap Index Trust

Total Bond Market Trust B

Total Stock Market Index Trust

The reimbursement shall not apply to the following Xxxx Xxxxxxx Funds II portfolios:

Each Retirement Choices Portfolio

Each Lifestyle Portfolio

Each Retirement Living Portfolio

Alternative Asset Allocation Fund

Core Fundamental Holdings Portfolio

Core Global Diversification Portfolio

Core Diversified Growth & Income Portfolio

Mid Cap Growth Index Fund

Mid Cap Value Index Fund

The reimbursement shall not apply to the following Xxxx Xxxxxxx Funds III portfolios:

International Allocation Portfolio

The reimbursement shall not apply to the following Xxxx Xxxxxxx Current Interest portfolio:

Money Market Fund

The reimbursement shall not apply to the following Xxxx Xxxxxxx closed-end portfolios:

Xxxx Xxxxxxx Emerging Markets Income Fund

Xxxx Xxxxxxx Financial Opportunities Fund

Xxxx Xxxxxxx Hedged Equity & Income Fund

Xxxx Xxxxxxx Income Securities Trust

Xxxx Xxxxxxx Investors Trust

Xxxx Xxxxxxx Preferred Income Fund

Xxxx Xxxxxxx Preferred Income Fund II

Xxxx Xxxxxxx Preferred Income Fund III

Xxxx Xxxxxxx Premium Dividend Fund

Xxxx Xxxxxxx Strategic Diversified Income Fund

Xxxx Xxxxxxx Tax-Advantaged Dividend Income Fund

Xxxx Xxxxxxx Tax-Advantaged Global Shareholder Yield Fund

The reimbursement shall not apply to Xxxx Xxxxxxx Collateral Investment Trust.

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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; and

0.0150% of that portion of the aggregate net assets of all the Participating Portfolios that exceeds $150 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 may be terminated or modified at any time by an Adviser upon notice to the Participating Portfolio and approval of the Xxxx Xxxxxxx Funds Board of Trustees.

5. This Agreement is effective as of June 1, 2013 and supersedes the prior Letter Agreement from Xxxx Xxxxxxx Investment Management Services, LLC to the Trustees of Xxxx Xxxxxxx Variable Insurance Trust and Xxxx Xxxxxxx Funds II relating to the same subject matter.

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Very truly yours,

Xxxx Xxxxxxx Investment Management Services, LLC

By: _______________________________

Xxxx Xxxxxxx Advisers, LLC

By: _______________________________

ACCEPTED BY:

Xxxx Xxxxxxx Financial Opportunities Fund	Xxxx Xxxxxxx Municipal Securities Trust
Xxxx Xxxxxxx Xxxx Trust	Xxxx Xxxxxxx Preferred Income Fund
Xxxx Xxxxxxx California Tax-Free Income Fund	Xxxx Xxxxxxx Preferred Income Fund II
Xxxx Xxxxxxx Capital Series	Xxxx Xxxxxxx Preferred Income Fund III
Xxxx Xxxxxxx Current Interest	Xxxx Xxxxxxx Premium Dividend Fund
Xxxx Xxxxxxx Emerging Markets Income Fund	Xxxx Xxxxxxx Series Trust
Xxxx Xxxxxxx Funds III	Xxxx Xxxxxxx Sovereign Bond Fund
Xxxx Xxxxxxx Hedged Equity & Income Fund	Xxxx Xxxxxxx Strategic Diversified 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 Tax-Exempt Series Fund
Xxxx Xxxxxxx Investors Trust	Xxxx Xxxxxxx Funds II
Xxxx Xxxxxxx Emerging Markets Income Fund	Xxxx Xxxxxxx Variable Insurance Trust
Xxxx Xxxxxxx Flexible Income Opportunities Fund

On behalf of each of its series identified as a Participating Portfolio

By: _______________________

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Appendix A

Xxxx Xxxxxxx Financial Opportunities Fund	Xxxx Xxxxxxx Municipal Securities Trust
Xxxx Xxxxxxx Xxxx Trust	Xxxx Xxxxxxx Preferred Income Fund
Xxxx Xxxxxxx California Tax-Free Income Fund	Xxxx Xxxxxxx Preferred Income Fund II
Xxxx Xxxxxxx Capital Series	Xxxx Xxxxxxx Preferred Income Fund III
Xxxx Xxxxxxx Current Interest	Xxxx Xxxxxxx Premium Dividend Fund
Xxxx Xxxxxxx Emerging Markets Income Fund	Xxxx Xxxxxxx Series Trust
Xxxx Xxxxxxx Funds III	Xxxx Xxxxxxx Sovereign Bond Fund
Xxxx Xxxxxxx Hedged Equity & Income Fund	Xxxx Xxxxxxx Strategic Diversified 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 Tax-Exempt Series Fund
Xxxx Xxxxxxx Investors Trust	Xxxx Xxxxxxx Funds II
Xxxx Xxxxxxx Emerging Markets Income Fund	Xxxx Xxxxxxx Variable Insurance Trust
Xxxx Xxxxxxx Flexible Income Opportunities Fund

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