JOHN HANCOCK TRUST AMENDMENT TO AMENDED AND RESTATED ADVISORY AGREEMENT
XXXX XXXXXXX TRUST
AMENDMENT TO AMENDED AND RESTATED ADVISORY AGREEMENT
AMENDMENT TO AMENDED AND RESTATED ADVISORY AGREEMENT
AMENDMENT
(the “Amendment”) made this ___ day of ___, 2009, to the Amended and Restated
Advisory Agreement dated September 30, 2008, between Xxxx Xxxxxxx Trust, a Massachusetts business
trust (the “Trust”) and Xxxx Xxxxxxx 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 add the advisory fee for the following portfolios: | ||
Bond Trust Core Balanced Strategy Trust |
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(the “Portfolios”) | ||
2. | EFFECTIVE DATE |
The Amendment shall become effective with respect to the Portfolios on the later of:
(i) the date of its execution and (ii) approval by the Board of Trustees of the Trust of the
Amendment.
Xxxx Xxxxxxx Trust
By: |
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Xxxx Xxxxxxx Investment Management Services, LLC
By: |
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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 | ||||
Trust Portfolio | addition to the Trust Portfolio | Advisory Fee of the Trust Portfolio- | ||
Bond Trust
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Not Applicable | 0.65% — first $500 million; | ||
0.60%— next $1 billion; | ||||
0.575%— next $1 billion; | ||||
0.55% — excess over $2.5 billion. |
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Core Balanced Strategy Trust
The Adviser shall serve as investment adviser for the Core Balanced Strategy Trust.
The Trust will pay the Adviser, as full compensation for all services provided under this Agreement
with respect to the Core Balanced Strategy Trust, a fee computed separately for the Core Balanced
Strategy Trust as follows (the “Adviser Fee”):
The Adviser Fee has two components: (a) a fee on net assets invested in Affiliated Funds
(“Affiliated Fund Assets”) and (b) a fee on net assets not invested in Affiliated Funds (“Other
Assets”). Affiliated Funds are any fund of Xxxx Xxxxxxx Trust, Xxxx Xxxxxxx Funds II and Xxxx
Xxxxxxx Funds III excluding the following Xxxx Xxxxxxx Trust funds: Money Market Trust B, 500 Index
Trust B, International Equity Index Trust B, Bond Index Trust B.
(a) The fee on Affiliated Fund Assets is stated as an annual percentage of the current value of the
net assets of the Core Balanced Strategy Trust determined in accordance with the following
schedule, and that rate is applied to the Affiliated Fund Assets of the Core Balanced Strategy
Trust.
Advisory Fee on Affiliated Fund Assets
Net Assets of the Core Balanced Strategy Trust
First | Excess over | |||
$500 million | $500 million | |||
0.050%
|
0.040 | % |
(b) The fee on Other Assets is stated as an annual percentage of the current value of the net
assets of the Core Balanced Strategy Trust determined in accordance with the following schedule,
and that rate is applied to the Other Assets of the Core Balanced Strategy Trust.
Advisory Fee on Other Assets
Net Assets of the Core Balanced Strategy Trust
First | Excess over | |||
$500 million | $500 million | |||
0.500%
|
0.490 | % |
For purposes of determining Net Assets of the Core Balanced Strategy Trust and calculating the
fee on Affiliated Fund Assets and the fee on Other Assets, the net assets of the Core Balanced
Strategy Trust, Affiliated Fund Assets and Other Assets are determined as of the close of business
on the previous business day of the Trust.
The fee on Affiliated Fund Assets for the Core Balanced Strategy Trust shall be based on the
applicable annual Affiliated Funds fee rate for the Core Balanced Strategy Trust which for each day
shall be equal to (i) the sum of the amounts determined by applying the annual percentage rates in
the Affiliated Funds Fee Table to the applicable portions of Net Assets of the Core Balanced
Strategy Trust divided by (ii) Net Assets of the Core Balanced Strategy Trust (the “Applicable
Annual Affiliated Funds Fee Rate”).
The fee on Other Assets for the Core Balanced Strategy Trust shall be based on the applicable
annual Other Assets fee rate for the Core Balanced Strategy Trust which for each day shall be equal
to (i) the sum of the amounts determined by applying the annual percentage rates in the Fee Table
for Other Assets to the applicable portions of Net Assets of the Core Balanced Strategy Trust
divided by (ii) Net Assets of the Core Balanced Strategy Trust (the “Applicable Annual Other Assets
Fee Rate”).
The fee on Affiliated Fund Assets for the Core Balanced Strategy Trust 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
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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 Core Balanced Strategy Trust.
Fees shall be paid either by wire transfer or check, as directed by the Adviser.
The fee on Other Assets for the Core Balanced Strategy Trust 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 Other Assets
Fee Rate, and multiplying this product by the Other Assets of the Core Balanced Strategy Trust.
Fees shall be paid either by wire transfer or check, as directed by the Adviser.
The daily Adviser Fee for the Core Balanced Strategy Trust shall be the sum of the daily fee
on Affiliated Fund Assets and the daily fee on Other Assets.
If, with respect to the Core Balanced Strategy Trust, 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 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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