JOHN HANCOCK FUNDS II AMENDMENT TO AMENDED AND RESTATED ADVISORY AGREEMENT
AMENDMENT (the “Amendment”) made this 12th day of December, 2012, to the Amended and Restated
Advisory Agreement dated September 26, 2008, between Xxxx Xxxxxxx Funds II, 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:
Appendix A is amended to add the following new series:
Asia Total Return Bond Fund
The Amendment shall become effective on the later of (i) the date of its execution and (ii)
approval of the by the Board of Trustees of the Trust.
Xxxx Xxxxxxx Funds II
By:
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/s/ Xxxx XxXxxxxx
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President |
Xxxx Xxxxxxx Investment Management Services, LLC
By:
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/s/ Xxx Xxxxxxx
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Senior Vice President |
APPENDIX A
ADVISORY FEE SCHEDULES
The Adviser shall serve as investment adviser for each Fund 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 Fund, the fee computed separately for such Fund at an annual rate as follows
(the “Adviser Fee”).
The term Aggregate Net Assets in the chart below includes the net assets of a Fund of the
Trust. It also includes with respect to certain Funds 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 Fund 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 Fund 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 Fund shall be based on the applicable annual fee rate for the Fund 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 Fund 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 Fund. Fees shall
be paid either by wire transfer or check, as directed by the Adviser.
If, with respect to any Fund, 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 | ||||
Trust Portfolio | to the Trust Portfolio | Advisory Fee of the Trust Portfolio | ||
Active Bond Fund
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Active Bond Trust (JHVIT) | 0.600% first $2.5 billion; | ||
0.575% next $2.5 billion; and | ||||
0.550% excess over $5 billion | ||||
All Cap Core Fund
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All Cap Core Trust (JHVIT) | 0.800% — first $500 million; and 0.750% — excess over $500 million. | ||
All Cap Value Fund
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All Cap Value Trust (JHVIT) | 0.800% — first $500 million; and | ||
0.750% — excess over $500 million. | ||||
Alpha Opportunities Fund
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Alpha Opportunities Trust (JHVIT) | 1.025% — first $250 million; | ||
1.00%— next $250 million; | ||||
0.975% — next $500 million; and | ||||
0.950%— excess over $1 billion. | ||||
Alternative Asset Allocation Fund
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N/A | See below | ||
Asia Total Return Bond Fund
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N/A | 0.725% — first $250 million; | ||
0.700% — next $250 million; and | ||||
0.600% — excess over $500 million. | ||||
Blue Chip Growth Fund
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Blue Chip Growth Trust (JHVIT) | 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. | ||||
Capital Appreciation Fund
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Capital Appreciation Trust (JHVIT) | 0.850% — first $300 million; 0.800% — between $300 million and $500 million; 0.700% — between $500 million and $1 billion; and 0.670% — excess over $1 billion. | ||
Capital Appreciation Value Fund
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Capital Appreciation Value Trust (JHVIT) | See below | ||
China Emerging Leaders Fund
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N/A | 1.100% — first $500 million; | ||
1.050%— next $500 million; and | ||||
1.000% — excess over $1 billion. | ||||
Core Allocation Plus Fund
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Core Allocation Plus Trust (JHVIT) | 0.915% — first $500 million; and 0.865% — excess over $500 million | ||
Core Bond Fund
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Core Bond Trust (JHVIT) | 0.690% — first
$200 million; 0.640% — next $200 million; and 0.570% — excess over $400 million. |
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Core Diversified Growth & Income Portfolio |
See below | See below | ||
Core Fundamental Holdings Portfolio
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See below | See below | ||
Core Global Diversification Portfolio
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See below | See below | ||
Currency Strategies Fund
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Currency Strategies Trust (JHVIT) | 0.950% — first $250 million; | ||
0.900% — next $250 million; and | ||||
0.850% — excess over $500 million. |
Aggregate Net Assets Include the Net | ||||
Assets of the following funds in addition | ||||
Trust Portfolio | to the Trust Portfolio | Advisory Fee of the Trust Portfolio | ||
Diversified Strategies Fund
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N/A | See below | ||
Emerging Markets Fund
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Emerging Markets Value Trust (JHVIT) | 1.00% — first $100 million; 0.950% — excess over $100 million | ||
Emerging Markets Debt Fund
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Not applicable | 0.725% — first
$250 million; 0.700% — next $500 million; and 0.675% — excess over $750 million. |
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Equity-Income Fund
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Equity-Income Trust (JHVIT) | 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 Fund
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Financial Services Trust (JHVIT) | 0.800% — first $50 million; | ||
0.775%— next $450 million; and | ||||
0.750% — excess over $500 million. | ||||
Floating Rate Income Fund
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N/A | 0.700% — first $1.1 billion; 0.675% — next $0.90 billion; and 0.650% — excess over $2 billion. | ||
Fundamental All Cap Core Fund
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Fundamental All Cap Core Trust (JHVIT) | 0.675% — first
$2.5 billion; 0.650% — excess over $2.5 billion. |
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Fundamental Global Franchise Fund
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N/A | 0.800% — first $1 billion; and | ||
0.780% — excess over $1 billion. | ||||
Fundamental Large Cap Core Fund
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N/A | 0.725% — first $500 million; 0.700% — next $500 million; 0.675% — next $500 million; and 0.650% — excess over $1.5 billion. | ||
Fundamental Large Cap Value Fund
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Fundamental Large Cap Value Trust (JHVIT) | 0.70% — first $500 million; 0.65% — next $500 million; and 0.60% — excess over $1 billion. | ||
Fundamental Value Fund
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Fundamental Value Trust (JHVIT) | 0.800% — first $50 million; 0.775% — next $450 million; and 0.750% — excess over $500 million. | ||
Global Fund
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JHVIT | 0.850% first $1 billion; and | ||
Global Trust | 0.800% excess over $1 billion. | |||
International Value Trust | ||||
Income Trust | ||||
Mutual Shares Trust | ||||
JHF II | ||||
International Value Fund | ||||
Income Fund | ||||
Mutual Shares Fund | ||||
International Small Cap Fund | ||||
Global Absolute Return Strategies Fund
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N/A | 1.300% — first
$200 million; 1.250% — next $300 million; |
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1.200% — excess over $500 million.* | ||||
* Rate applies retroactively to all assets at or below $500 million. | ||||
Global Bond Fund
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Global Bond Trust (JHVIT) | 0.700% — at all asset levels. | ||
Global High Yield Fund
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N/A | 0.825% — first $250 million; | ||
0.790%— next
$500 million; and 0.770% — excess over $750 million. |
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Aggregate Net Assets Include the Net | ||||
Assets of the following funds in addition | ||||
Trust Portfolio | to the Trust Portfolio | Advisory Fee of the Trust Portfolio | ||
Global Real Estate Fund
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N/A | 0.900% — first $500 million; | ||
0.875% — next $250 million; and | ||||
0.850% — excess over $750 million. | ||||
Health Sciences Fund
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Health Sciences Trust (JHVIT) | 1.050% — first $500 million; and | ||
1.000% — excess over $500 million. | ||||
Heritage Fund
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Heritage Trust (JHVIT) | 0.850% — first $400 million; | ||
(formerly, Vista Fund)
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0.825% — next $600 million; and | |||
0.800% — excess over $1 billion. | ||||
High Income Fund
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N/A | 0.725% — first $150 million; 0.675% — between $150 million and $500 million; 0.650% — between $500 million and $2.5 billion; and 0.600% — excess over $2.5 billion. | ||
High Yield Fund
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High Yield Trust (JHVIT) | 0.700% — first $500 million; and 0.650% — excess over $500 million. | ||
Income Fund
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JHVIT | 1.075% first $50 million; | ||
Income Trust | 0.915% next $150 million; | |||
International Value Trust | 0.825% next $300 million; and | |||
Global Trust | 0.800% excess over $500 million | |||
Mutual Shares Trust | When Aggregate Net Assets exceed $500 million, the advisory fee is 0.800% on all net assets of the Income Fund. |
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JHF II | ||||
International Small Cap Fund | ||||
International Value Fund | ||||
Global Fund | ||||
Mutual Shares Fund | ||||
International Growth Equity Fund
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N/A | 0.85% — first $750 million of aggregate net assets; | ||
0.80%— next $500 million of aggregate net assets; and | ||||
0.75% — excess over $1.25 billion of aggregate net assets. | ||||
International Growth Opportunities Fund
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N/A | 0.975% — first
$100 million; 0.850% — next $300 million; and 0.750% — excess over $400 million. |
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International Growth Stock Fund
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International Growth Stock Trust (JHVIT) | 0.850% — first
$250 million; 0.800% — next $500 million; and 0.750% — excess over $750 million. |
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International Small Cap Fund
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N/A | 1.050% — first
$200 million; 0.950% — next $300 million; and 0.850% — excess over $500 million. |
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International Small Company Fund
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International Small Company Trust (JHVIT) | 0.950% — at all asset levels. | ||
International Value Fund
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JHVIT | 0.950% first $150 million; | ||
Global Trust | 0.850% next $150 million; and | |||
Income Trust | 0.800% excess over $300 million | |||
International Value Trust Mutual Shares Trust |
When Aggregate Net Assets exceed $300 million, the advisory fee rate is 0.800% on all net assets. |
5
Aggregate Net Assets Include the Net | ||||
Assets of the following funds in addition | ||||
Trust Portfolio | to the Trust Portfolio | Advisory Fee of the Trust Portfolio | ||
JHF II | ||||
Global Fund | ||||
Income Fund | ||||
International Small Cap Fund | ||||
Mutual Shares Fund | ||||
Investment Quality Bond Fund
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Investment Quality Bond Trust (JHVIT) | 0.600% — first
$500 million; and 0.550% — excess over $500 million. |
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Retirement Living Portfolios
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Lifecycle Trusts (JHVIT) | See below | ||
Lifestyle Portfolios
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Lifestyle Trusts (JHVIT) | See below | ||
Mid Cap Growth Index Fund
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N/A | 0.530% — first $50 million; 0.510% — next $50 million; and | ||
0.490% —excess over $100 million. | ||||
Mid Cap Stock Fund
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Mid Cap Stock Trust (JHVIT) | 0.875% — first $200 million; 0.850% — next $300 million; and 0.825% — excess over $500 million. | ||
Mid Cap Value Equity Fund
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Mid Cap Value Equity Trust (JHVIT) | 0.875% — first $250 million; and 0.850% — next $250 million; 0.825% — next $500 million; and 0.800% — excess over $1 billion. |
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Mid Cap Value Index Fund
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N/A | 0.530% — first $50 million; 0.510% — next $50 million; and | ||
0.490% —excess over $100 million. | ||||
Mid Value Fund
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Mid Value Trust (JHVIT) | 1.050% — first $50 million; | ||
1.00% — excess over $50 million. | ||||
Money Market Fund
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Money Market Trust (JHVIT) | 0.500% — first $500 million; and 0.470% — excess over $500 million. | ||
Multi Sector Bond Fund
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N/A | 0.740% — first $250 million; | ||
0.700%— next $500 million; and | ||||
0.675% — excess over $750 million. | ||||
Mutual Shares Fund
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Mutual Shares Trust (JHVIT) | 0.960% first $750 million; | ||
0.920% excess over $750 million.# | ||||
#When Aggregate Net Assets for the JHVIT Mutual Shares Trust and JHF II Mutual Shares Fund exceed $750 million, the advisory fee is 0.92% on all net assets of the Mutual Shares Fund. | ||||
Natural Resources Fund
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Natural Resources Trust (JHVIT) | 1.000% — first $1 billion; | ||
0.975% — next $1 billion; | ||||
0.950% — excess over $2 billion. | ||||
Real Estate Equity Fund
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N/A | 0.875% — first $250 million; 0.850% — next $250 million; and 0.825% — excess over $500 million. |
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Real Estate Securities Fund
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Real Estate Securities Trust (JHVIT) | 0.700% — at all asset levels. | ||
Real Return Bond Fund
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Real Return Bond Trust (JHVIT) | 0.700% — first $1 billion; and 0.650% — excess over $1 billion. | ||
Redwood Fund
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N/A | 1.200% — first $100 million; | ||
1.150% — next $100 million; | ||||
1.100% — above $200 million, retroactive to prior asset levels; and | ||||
1.050% — excess over $500 million. | ||||
Retirement Choices Portfolios
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N/A | See below |
6
Aggregate Net Assets Include the Net | ||||
Assets of the following funds in addition | ||||
Trust Portfolio | to the Trust Portfolio | Advisory Fee of the Trust Portfolio | ||
Science & Technology Fund
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Science & Technology Trust (JHVIT) | 1.050% — first $500 million; and 1.000% — excess over $500 million. | ||
Short Term Government Income Fund
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Short Term Government Income Trust (JHVIT) | 0.570% — first
$250 million; and 0.550% — excess over $250 million. |
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Small Cap Growth Fund
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Small Cap Growth Trust | 1.100% — first $100 million; and 1.050% — excess over $100 million. | ||
Small Cap Opportunities Fund
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Small Cap Opportunities Trust (JHVIT) | 1.000% — first $500 million; 0.950% — next $500 million; 0.900% — next $1 billion.; and 0.850% — excess over $2 billion |
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Small Cap Value Fund
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Small Cap Value Trust (JHVIT) | 1.100% — first $100 million; | ||
1.050% — next $500 million; and | ||||
1.000% — excess over $600 million | ||||
Small Company Growth Fund
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JHVIT | 1.050% — first $250 million; and | ||
Small Company Growth Trust | 1.000% — excess over $250 million. | |||
Small Cap Opportunities Trust International Growth Stock Trust Value Trust |
The applicable rate is 1.000% on all net assets of the Small Company Growth Fund when the Aggregate Net Assets exceed $1 billion. |
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JHF II | ||||
Small Cap Opportunities Fund | ||||
International Growth Stock Fund | ||||
Value Fund | ||||
Small Company Value Fund
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Small Company Value Trust (JHVIT) | 1.050% — first $500 million; and 1.000% — excess over $500 million. | ||
Smaller Company Growth Fund
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Smaller Company Growth Trust (JHVIT) | 1.100% — first $125 million; 1.050%— next $250 million; 1.00%— next $625 million; and 0.950% — excess over $1 billion. |
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Spectrum Income Fund
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New Income Trust (JHVIT) | 0.800% — first $250 million; and 0.725% — excess over $250 million. | ||
Strategic Equity Allocation Fund
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Strategic Equity Allocation Trust (JHVIT) | 0.675% — first $2.5 billion; 0.650% — next $5 billion; 0.625% — next $2.5 billion; and 0.600% — excess over $10 billion |
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Strategic Income Opportunities Fund
|
Strategic Income Opportunities Trust (JHVIT) | 0.700% first $500 million; 0.650% next $3 billion; and 0.600% excess over $3.5 billion |
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Technical Opportunities Fund
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N/A | 1.20% first $250 million; and | ||
1.15% excess over $250 million. | ||||
Technical Opportunities Fund II
|
N/A | 1.100% — first $250 million; | ||
1.050% — next $750 million; and | ||||
1.000% — over $1 billion. | ||||
Total Return Fund
|
Total Return Trust (JHVIT) | See below | ||
Total Stock Market Index Fund
|
Total Stock Market Index Trust (JHVIT) | 0.490% — first $250 million; 0.480% — next $250 million; and 0.460% — excess over $500 million. |
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U.S. High Yield Bond Fund
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N/A | 0.750% — first $200 million; and 0.720% — excess over $200 million. |
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Aggregate Net Assets Include the Net | ||||
Assets of the following funds in addition | ||||
Trust Portfolio | to the Trust Portfolio | Advisory Fee of the Trust Portfolio | ||
U.S.Equity Fund
|
U.S. Equity Trust (JHVIT) | 0.780% — first $500 million; 0.760% — next $500 million; and | ||
0.740% — excess over $1 billion. | ||||
Value Fund
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Value Trust (JHVIT) | 0.750% — first $200 million; 0.725% — next $300 million; and | ||
0.650% — excess over $500 million. |
8
If net assets are less than $500 million, the following fee schedule shall apply:
First $250 | ||||
million of | ||||
Aggregate Net | Excess Over $250 million of | |||
Assets | Aggregate Net Assets | |||
0.950%
|
0.850 | % |
If net assets equal or exceed $500 million but are less than $2 billion, the following fee schedule
shall apply:
First $1 billion | ||||
of Aggregate Net | Excess Over $1 billion of | |||
Assets | Aggregate Net Assets | |||
0.850%
|
0.800 | % |
If net assets equal or exceed $2 billion but are less than $3 billion, the following fee schedule
shall apply:
First $500 | ||||
million of | ||||
Aggregate Net | Excess Over $500 million of | |||
Assets | Aggregate Net Assets | |||
0.850%
|
0.800 | % |
If net assets equal or exceed $3 billion, the following fee schedule shall apply:
All Asset Levels | ||
0.800%
|
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:
First | Excess Over | |||
$1 Billion | $1 Billion | |||
of Total Return | of Total Return | |||
Portfolio | Net Assets** | Net Assets** | ||
Total Return Fund |
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 Fund |
0.700% |
* | The term Relationship Net Assets shall mean the aggregate net assets of all portfolios of the Xxxx Xxxxxxx Trust and the Xxxx Xxxxxxx 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 Xxxx Xxxxxxx 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:
First | Excess Over | |||
$1 Billion | $1 Billion | |||
of Total Return | of Total Return | |||
Portfolio | Net Assets** | Net Assets** | ||
Total Return Fund |
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 Trust, a series of Xxxx Xxxxxxx Trust but only for the period during which the subadviser for the Portfolio also serves as the subadviser for the Total Return Trust. 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.
10
The Adviser shall serve as investment adviser for each Portfolio listed below (each a “Fund of
Funds”).
Lifestyle Aggressive Portfolio
|
Retirement Living through 2010 Portfolio | |
Lifestyle Balanced Portfolio
|
Retirement Living through 2015 Portfolio | |
Lifestyle Conservative Portfolio
|
Retirement Living through 2020 Portfolio | |
Lifestyle Growth Portfolio
|
Retirement Living through 2025 Portfolio | |
Lifestyle Moderate Portfolio
|
Retirement Living through 2030 Portfolio | |
(collectively, the “Lifestyle Portfolios”)
|
Retirement Living through 2035 Portfolio | |
Retirement Living through 2040 Portfolio | ||
Retirement Choices at 2010 Portfolio
|
Retirement Living through 2045 Portfolio | |
Retirement Choices at 2015 Portfolio
|
Retirement Living through 2050 Portfolio | |
Retirement Choices at 2020 Portfolio
|
(collectively, the “Retirement Living Portfolios”) | |
Retirement Choices at 2025 Portfolio |
||
Retirement Choices at 2030 Portfolio |
||
Retirement Choices at 2035 Portfolio |
||
Retirement Choices at 2040 Portfolio |
||
Retirement Choices at 2045 Portfolio |
||
Retirement Choices at 2050 Portfolio
|
Alternative Asset Allocation Fund Diversified Strategies Fund |
|
(collectively, the “Retirement Choices Portfolios”) |
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 Xxxx Xxxxxxx Trust (“JHVIT”), Xxxx Xxxxxxx Funds II
(“JHF II”) or Xxxx Xxxxxxx 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.
“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 of Funds is 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.
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”).
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 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.
11
(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, as
applicable, 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, as applicable, 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:
Retirement Living Portfolios
Rates Applied to Aggregate Net Assets of the Fund of Funds (1) | ||||||||
Affiliated Fund Assets | Other Assets | |||||||
First | Excess Over | First | Excess Over | |||||
Fund of Funds | $7.5 billion | $7.5 billion | $7.5 billion | $7.5 billion | ||||
Each Retirement Living Portfolio |
0.060% | 0.050% | 0.510% | 0.500% |
(1) | Aggregate Net Assets. For each Retirement Living Portfolio, Aggregate Net Assets include the net assets of all the JHF II Retirement Living Portfolios and the net assets of all the JHVIT Lifecycle Trusts. The JHVIT Lifecycle Trusts are: the Lifecycle 2010 Trust, Lifecycle 2015 Trust, Lifecycle 2020 Trust, Lifecycle 2025 Trust, Lifecycle 2030 Trust, Lifecycle 2035 Trust, Lifecycle 2040 Trust, Lifecycle 2045 Trust and Lifecycle 2050 Trust. |
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Lifestyle Portfolios
Rates Applied to Aggregate Net Assets of the Fund of Funds (1) | ||||||||
Affiliated Fund Assets | Other Assets | |||||||
First | Excess Over | First | Excess Over | |||||
Fund of Funds | $7.5 billion | $7.5 billion | $7.5 billion | $7.5 billion | ||||
Each Lifestyle Portfolio |
0.050% | 0.040% | 0.500% | 0.490% |
(1) | Aggregate Net Assets. For each Lifestyle Portfolio, Aggregate Net Assets include the net assets of all the JHF II Lifestyle Portfolios and the net assets of all the JHVIT Lifestyle Trusts. The JHVIT Lifestyle Trusts are: the Lifestyle Aggressive Trust, Lifestyle Balanced Trust, Lifestyle Conservative Trust, Lifestyle Growth Trust and Lifestyle Moderate Trust. |
Retirement Choices Portfolios
Rates Applied to Aggregate Net Assets of the Fund of Funds (1) | ||||||||
Affiliated Fund Assets | Other Assets | |||||||
First | Excess Over | First | Excess Over | |||||
Fund of Funds | $7.5 billion | $7.5 billion | $7.5 billion | $7.5 billion | ||||
Each Retirement Choices Portfolio |
0.060% | 0.050% | 0.510% | 0.500% |
(1) | Aggregate Net Assets. For each Retirement Choices Portfolio, Aggregate Net Assets include the net assets of all the JHF II Retirement Choices Portfolios. |
Alternative Asset Allocation Fund
Rates Applied to net assets of the Fund of Funds | ||||
Fund of Funds | Affiliated Fund Assets | Other Assets | ||
All Asset Levels | All Asset Levels | |||
Alternative Asset Allocation Fund |
0.150% | 0.600% |
Diversified Strategies Fund
Rates Applied to net assets of the Fund of Funds | ||||||||
Affiliated Fund Assets | Other Assets | |||||||
First | Excess Over | First | Excess Over | |||||
Fund of Funds | $1 billion | $1 billion | $1 billion | $1 billion | ||||
Diversified Strategies Fund |
0.250% | 0.225% | 0.700% | 0.675% |
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Core Diversified Growth & Income Portfolio
Core Fundamental Holdings Portfolio
Core Global Diversification Portfolio
Core Fundamental Holdings Portfolio
Core Global Diversification Portfolio
Advisory Fee
0.050% — first $500 million of Aggregate Net Assets*
0.040% — excess over $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: |
Xxxx Xxxxxxx Variable Insurance Trust
|
||||
American Global Diversification Trust | ||||
Xxxx Xxxxxxx Funds II
|
||||
Core Global Diversification Fund | ||||
Core Diversified Growth &Income Fund |
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