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JOHN HANCOCK VARIABLE INSURANCE TRUST AMENDMENT TO SUBADVISORY AGREEMENT John Hancock Asset Management a division of Manulife Asset Management (US) LLC

 

Exhibit (d)(12)(H)

 

XXXX XXXXXXX VARIABLE INSURANCE TRUST

 

AMENDMENT TO SUBADVISORY AGREEMENT

 

Xxxx Xxxxxxx Asset Management a division of Manulife Asset Management (US) LLC

 

AMENDMENT made as of June 25, 2014 to the Subadvisory Agreement dated April 28, 2006, as amended (the "Agreement"), between Xxxx Xxxxxxx Investment Management Services, LLC, a Delaware limited liability company (the "Adviser"), and Xxxx Xxxxxxx Asset Management a division of Manulife Asset Management (US) LLC, a Delaware 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 relating to compensation of the Subadviser is amended to add the following series (each a “Portfolio”) of Xxxx Xxxxxxx Variable Insurance Trust (the “Trust”):

 

a.  Financial Services Trust

 

b.  Fundamental Value  Trust

 

Appendix A of the Agreement is also amendment to change the funds whose net assets are aggregated for purposes of determining the subadvisory fee for the Fundamental Large Cap Value Trust.

 

2.EFFECTIVE DATE

 

This Amendment shall become effective as to a Portfolio on the later to occur of (i) approval of the Amendment as to the Portfolio by the Board of Trustees of the Trust, (ii) approval of the Amendment by the shareholders of a Portfolio, in the case of the Financial Services Trust and the Fundamental Value Trust, and (iii) execution of the Amendment.

 

3.DEFINED TERMS

 

Unless otherwise defined herein, capitalized terms used herein have the meanings 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
       
  By: /s/ Xxxxxx X. Xxxxxxx  
    Xxxxxx Xxxxxxx  
    Vice President  
       
  XXXX XXXXXXX ASSET MANAGEMENT A DIVISION OF MANULIFE ASSET MANAGEMENT (US) LLC
       
  By: /s/ Xxxxx Xxxxxxx  
    Xxxxx Xxxxxxx  
    Chief Operating Officer  

 

2
 

 

APPENDIX A

 

The Subadviser shall serve as investment subadviser for the Portfolios of the Trust listed below (portion of the net assets of the Portfolio as shall be assigned to the Subadviser by the Adviser from time to time in the case of the Active Bond Trust). The Adviser will pay the Subadviser, as full compensation for all services provided under this Agreement with respect to the Portfolio, the fee computed separately for such Portfolio at an annual rate as follows (the "Subadviser Fee"):

 

Portfolio  

First $[  ]

of Aggregate Net Assets*

  

Next $[  ]

of Aggregate Net

Assets*

  

Excess Over

$[  ] of

Aggregate Net Assets*

Fundamental Value Trust   [  ]%   [  ]%   [  ]%

 

Portfolio  

First $[  ]

of Aggregate Net

Assets*

  

Next $[  ]

of Aggregate Net

Assets*

  

Next $[  ] of Aggregate
Net Assets*

  

Excess Over

$[  ] of

Aggregate Net Assets*

Financial Services Trust   [  ]%   [  ]%   [  ]%   [  ]%

 

Portfolio  

First $[  ] of Aggregate

Net Assets*

  

Next $[  ]  of Aggregate

Net Assets*

  

Excess over $[  ]  of

Aggregate Net Assets*

Active Bond Trust#   [  ]%   [  ]%   [  ]%

 

#The subadvisory fee is paid on the portion of the net assets of the Active Bond Trust managed by the Subadviser as the Adviser may assign to the Subadviser from time to time.

 

Portfolio  

First $[  ]

of Aggregate Net Assets*

  

Next $[  ]
of Aggregate Net Assets*

  

Next $[  ]of Aggregate Net
Assets*

  

Excess Over

$[  ]of

Aggregate Net Assets*

Bond Trust   [  ]%   [  ]%   [  ]%   [  ]%
Bond PS Series   [  ]%   [  ]%   [  ]%   [  ]%

 

Portfolio  

First $[  ]

of Aggregate Net Assets*

  

Excess Over

$[  ] of

Aggregate Net Assets*

Short-Term Government Income Trust   [  ]%   [  ]%

 

Portfolio  

First $[  ]

of Aggregate Net Assets*

  

Next $[  ]

of Aggregate Net Assets*

  

Next $[  ]of Aggregate Net

Assets*

  

Excess Over

$[  ] of

Aggregate Net Assets*

Strategic Equity Allocation Trust   [  ]%   [  ]%   [  ]%   [  ]%

 

Portfolio  

First $[  ]

of Aggregate Net Assets*

  

Next $[  ]

Of Aggregate Net Assets*

  

Excess Over

$[  ] ofAggregate Net Assets*

Strategic Income Opportunities Trust   [  ]%   [  ]%   [  ]%

 

Portfolio  

First $[  ]

of Aggregate Net Assets*

  

Excess Over

$[  ] of

Aggregate Net Assets*

Ultra Short Term Bond Trust   [  ]%   [  ]%

 

Portfolio  

First $[  ]

of Aggregate Net Assets*

  

Excess Over

$[  ] of

Aggregate Net Assets*

Fundamental All Cap Core Trust   [  ]%   [  ]%

 

A-1
 

 

Portfolio  

First $[  ]

of Aggregate Net Assets*

  

Next $[  ]

of Aggregate Net Assets*

  

Excess Over

$[  ] of

Aggregate Net Assets*

Fundamental Large Cap Value Trust   [  ]%   [  ]%   [  ]%

 

Portfolio   All Asset Levels
     
Fundamental Holdings Trust   [  ]%
Global Diversification Trust    
Core Fundamental Holdings Trust    
Core Global Diversification Trust    
Core Strategy Trust    
Lifecycle 2010 Trust    
Lifecycle 2015 Trust    
Lifecycle 2020 Trust    
Lifecycle 2025 Trust    
Lifecycle 2030 Trust    
Lifecycle 2035 Trust    
Lifecycle 2040 Trust    
Lifecycle 2045 Trust    
Lifecycle 2050 Trust    
     
Lifestyle Aggressive PS Series    
Lifestyle Balanced PS Series    
Lifestyle Conservative PS Series    
Lifestyle Growth PS Series    
Lifestyle Moderate PS Series    

 

Portfolio  

First $[  ]

of Aggregate Net Assets*

  

Excess Over

$[  ]of

Aggregate Net Assets*

Lifestyle Aggressive Trust        
Lifestyle Balanced Trust   [  ]%   [  ]%
Lifestyle Conservative Trust        
Lifestyle Growth Trust        
Lifestyle Moderate Trust        
         

 

Portfolio   All Asset Levels
Franklin Xxxxxxxxx Founding Allocation Trust   [  ]%

  

*The term Aggregate Net Assets for a given day includes the net assets of a Portfolio of the Trust. It also includes the net assets of one or more other portfolios of the Trust or other trusts as indicated below, 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). For purposes of determining Aggregate Net Assets and calculating the Subadviser Fee for a given day, the net assets of the Portfolio and each other portfolio of the Trust are determined by the Custodian 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 or trust are determined as of the close of business on the previous business day of that fund.

 

A-2
 

 

Trust Portfolio(s)   Other Portfolio(s)
     
Financial Services Trust   Financial Industries, a series of Xxxx Xxxxxxx Investment Trust II
     
Fundamental Value Trust   Fundamental Large Cap Value Trust Fundamental Large Cap Value Fund, a series of Xxxx Xxxxxxx Funds II
     
Active Bond Trust   Active Bond Fund, a series of Xxxx Xxxxxxx Funds II
     
Short-Term Government Income Trust   Short-Term Government Income Fund, a series of Xxxx Xxxxxxx Funds II
     
Strategic Income Opportunities Trust   Strategic Income Opportunities Fund, a series of Xxxx Xxxxxxx Funds II
     
Bond Trust   Bond PS Series
     
Bond PS Series   Bond Trust
     
Fundamental All Cap Core Trust   Fundamental All Cap Core Fund, a series of Xxxx Xxxxxxx Funds II
     
Fundamental Large Cap Value Trust   Fundamental Large Cap Value Fund, a series of Xxxx Xxxxxxx Funds II Fundamental Value Trust
     
Strategic Equity Allocation Trust   Strategic Equity Allocation Fund, a series of Xxxx Xxxxxxx Funds II

 

Fundamental Holdings Trust   Not Applicable
Global Diversification Trust    
Bond Trust    
Bond PS Series    
Core Fundamental Holdings Trust    
Core Global Diversification Trust    
Core Strategy Trust    
Franklin Xxxxxxxxx Founding Allocation Trust    
Lifecycle 2010 Trust    
Lifecycle 2015 Trust    
Lifecycle 2020 Trust    
Lifecycle 2025 Trust    
Lifecycle 2030 Trust    
Lifecycle 2035 Trust    
Lifecycle 2040 Trust    
Lifecycle 2045 Trust    
Lifecycle 2050 Trust    
Lifestyle Balanced PS Series    
Lifestyle Conservative PS Series    
Lifestyle Growth PS Series    
Lifestyle Moderate PS Series    
Strategic Allocation Trust    
Ultra Short Term Bond Trust    
     
Lifestyle Aggressive Trust    

 

A-3
 

 

Lifestyle Balanced Trust    
Lifestyle Conservative Trust    
Lifestyle Growth Trust    
Lifestyle Moderate Trust    
(collectively, the “JHVIT Lifestyle Trusts”)   For each JHVIT Lifestyle Trust, Aggregate Net
    Assets include the net assets of all of the JHVIT Lifestyle Trusts, the net assets of all of the JHVIT Lifestyle PS Series, the net assets of all of the JHF II Lifestyle Portfolios and the net assets of the JHF II Lifestyle II Portfolios.  The JHVIT Lifestyle PS Series are:  Lifestyle Aggressive PS Series, Lifestyle Balanced PS Series, Lifestyle Conservative PS Series, Lifestyle Growth PS Series and Lifestyle Moderate PS Series.  The JHF II Lifestyle Portfolios are:  the Lifestyle Aggressive Portfolio, Lifestyle Balanced Portfolio, Lifestyle Conservative Portfolio, Lifestyle Growth Portfolio and Lifestyle Moderate Portfolio.  The JHF II Lifestyle II Portfolios are:  the Lifestyle II Aggressive Portfolio, the Lifestyle II Balanced Portfolio, the Lifestyle II Conservative Portfolio, the Lifestyle II Growth Portfolio and the Lifestyle II Moderate Portfolio.

 

The Subadviser 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 Subadviser Fee for the Portfolio shall be accrued for each calendar day, and the sum of the daily fee accruals shall be paid monthly to the Subadviser within 30 calendar days of the end of each month. 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. The Adviser shall provide Subadviser with such information as Subadviser may reasonably request supporting the calculation of the fees paid to it hereunder. Fees shall be paid either by wire transfer or check, as directed by Subadviser.

 

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.

 

A-4

 

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Filed: April 24th, 2015
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