JOHN HANCOCK FUNDS III AMENDMENT TO ADVISORY AGREEMENT
XXXX XXXXXXX FUNDS III
AMENDMENT TO ADVISORY AGREEMENT
AMENDMENT made this ______ day of ________________, 2010 to the Advisory Agreement dated July
1, 2009 (the “Agreement”), between Xxxx Xxxxxxx Funds III, a Massachusetts business trust (the
“Trust”), and Xxxx Xxxxxxx Investment Management Services, LLC, a Delaware limited liability
company. 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 4 of the Agreement, “Compensation of
Adviser,” is hereby amended and restated to add the following series of the Trust, as shown in
Appendix A hereto:
Xxxx Xxxxxxx International Value Equity Fund
2. EFFECTIVE DATE
This Amendment shall become effective as of date first mentioned above.
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.
XXXX XXXXXXX FUNDS III,
on behalf of its series listed in Appendix A to this Amendment
on behalf of its series listed in Appendix A to this Amendment
By: |
||||
President and Chief Executive Officer | ||||
XXXX XXXXXXX INVESTMENT MANAGEMENT SERVICES, LLC | ||||
By: |
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Executive Vice President |
APPENDIX A
First | Next | Excess over | ||||||||||
$2.5 billion | $2.5 billion | $5 billion | ||||||||||
Fund | of Net Assets | of Net Assets | of Net Assets | |||||||||
Xxxx Xxxxxxx Classic Value Mega Cap Fund |
0.790 | % | 0.780 | % | 0.770 | % |
First | Next | Next | Next | Excess over | ||||||||||||||||
$500 million | $500 million | $500 million | $1 billion | $2.5 billion | ||||||||||||||||
of Net | of Net | of Net | of Net | of Net | ||||||||||||||||
Fund | Assets | Assets | Assets | Assets | Assets | |||||||||||||||
Xxxx Xxxxxxx
Disciplined Value
Fund |
0.750 | % | 0.725 | % | 0.700 | % | 0.675 | % | 0.650 | % |
First | Next | Next | Next | Excess over | ||||||||||||||||
$500 million | $500 million | $500 million | $1 billion | $2.5 billion | ||||||||||||||||
Fund | of Net Assets | of Net Assets | of Net Assets | of Net Assets | of Net Assets | |||||||||||||||
Xxxx Xxxxxxx
Disciplined Value
Mid Cap Fund |
0.800 | % | 0.775 | % | 0.750 | % | 0.725 | % | 0.700 | % |
First | Next | Excess over | ||||||||||
$500 million | $500 million | $1 billion | ||||||||||
Fund | of Net Assets | of Net Assets | of Net Assets | |||||||||
Xxxx Xxxxxxx Global
Shareholder Yield Fund |
0.875 | % | 0.850 | % | 0.800 | % |
First | Next | Next | Excess Over | |||||||||||||
$500 million | $500 million | $1.5 billion | $2.5 billion | |||||||||||||
Fund | of Net Assets | of Net Assets | of Net Assets | of Net Assets | ||||||||||||
Xxxx Xxxxxxx Growth Opportunities Fund |
0.800 | % | 0.780 | % | 0.770 | % | 0.760 | % |
First | Next | Excess | ||||||||||||||||||||||
$100 | $900 | Next | Next | Next | over | |||||||||||||||||||
million | million | $1 billion | $1 billion | $1 billion | $4 billion | |||||||||||||||||||
of | of | of | of | of | of | |||||||||||||||||||
Aggregate | Aggregate | Aggregate | Aggregate | Aggregate | Aggregate | |||||||||||||||||||
Fund | Net Assets | Net Assets | Net Assets | Net Assets | Net Assets | Net Assets | ||||||||||||||||||
Xxxx Xxxxxxx
International Core
Fund1 |
0.920 | % | 0.895 | % | 0.880 | % | 0.850 | % | 0.825 | % | 0.800 | % |
1 | For purposes of determining Aggregate Net Assets, the net assets of: the International Core Fund, a series of Xxxx Xxxxxxx Funds III and the International Core Trust, a series of Xxxx Xxxxxxx Trust, are included. |
First | Next | Excess | ||||||||||||||||||||||
$100 | $900 | Next | Next | Next | over | |||||||||||||||||||
million | million | $1 billion | $1 billion | $1 billion | $4 billion | |||||||||||||||||||
of | of | of | of | of | of | |||||||||||||||||||
Net | Net | Net | Net | Net | Net | |||||||||||||||||||
Fund | Assets | Assets | Assets | Assets | Assets | Assets | ||||||||||||||||||
Xxxx Xxxxxxx
International
Growth Fund |
0.920 | % | 0.895 | % | 0.880 | % | 0.850 | % | 0.825 | % | 0.800 | % |
A-1
First | Next | Excess | ||||||||||||||||||||||
$100 | $900 | Next | Next | Next | over | |||||||||||||||||||
million | million | $1 billion | $1 billion | $1 billion | $4 billion | |||||||||||||||||||
of | of | of | of | of | of | |||||||||||||||||||
Net | Net | Net | Net | Net | Net | |||||||||||||||||||
Fund | Assets | Assets | Assets | Assets | Assets | Assets | ||||||||||||||||||
Xxxx Xxxxxxx
International Value
Equity Fund |
0.900 | % | 0.875 | % | 0.850 | % | 0.825 | % | 0.800 | % | 0.775 | % |
First | Next | Over | ||||||||||
$500 million | $500 million | $1 billion | ||||||||||
Fund | of Net Assets | of Net Assets | of Net Assets | |||||||||
Xxxx Xxxxxxx Leveraged Companies Fund |
0.750 | % | 0.725 | % | 0.700 | % |
First | Next | Over | ||||||||||
$3 billion | $3 billion | $6 billion | ||||||||||
of Aggregate | of Aggregate | of Aggregate | ||||||||||
Fund | Net Assets | Net Assets | Net Assets | |||||||||
Xxxx Xxxxxxx Xxxxxxx Growth Fund1 |
0.750 | % | 0.725 | % | 0.700 | % |
1 | For purposes of determining Aggregate Net Assets, the net assets of the Growth Equity Trust, a series of Xxxx Xxxxxxx Trust, and the Xxxx Xxxxxxx Xxxxxxx Growth Fund, a series of Xxxx Xxxxxxx Funds III are included. |
First | Over | |||||||
$1 billion | $1 billion | |||||||
Fund | of Net Assets | of Net Assets | ||||||
Xxxx Xxxxxxx Small Cap Opportunities Fund |
0.900 | % | 0.850 | % |
First | Next | Excess over | ||||||||||
$500 million | $500 million | $1 billion | ||||||||||
Fund | of Net Assets | of Net Assets | of Net Assets | |||||||||
Xxxx Xxxxxxx Small Company Fund |
0.900 | % | 0.850 | % | 0.800 | % |
First | Next | Next | Next | Excess over | ||||||||||||||||
$500 million | $500 million | $1 billion | $1 billion | $3 billion | ||||||||||||||||
of Net | of Net | of Net | of Net | of Net | ||||||||||||||||
Fund | Assets | Assets | Assets | Assets | Assets | |||||||||||||||
Xxxx Xxxxxxx U.S. Core Fund |
0.780 | % | 0.760 | % | 0.750 | % | 0.740 | % | 0.720 | % |
First | Next | Next | Excess Over | |||||||||||||
$500 million | $500 million | $1.5 billion | $2.5 billion | |||||||||||||
Fund | of Net Assets | of Net Assets | of Net Assets | of Net Assets | ||||||||||||
Xxxx Xxxxxxx Value Opportunities Fund |
0.800 | % | 0.780 | % | 0.770 | % | 0.760 | % |
A-2
Xxxx Xxxxxxx International Allocation Portfolio
(the “Fund”)
(the “Fund”)
The Trust will pay the Adviser, as full compensation for all services provided under this Agreement
with respect to the Fund, a fee as follows (the “Adviser Fee”).
The Adviser Fee has two components: (a) a fee on assets invested in funds of Xxxx Xxxxxxx Funds II
and Xxxx Xxxxxxx Funds III (“Fund Assets”) and (b) a fee on assets not invested in Fund Assets
(“Other Assets”).
The fee on Fund Assets is stated as an annual percentage of the current value of the net assets of
the Fund determined in accordance with the following schedule and that rate is applied to the Fund
Assets of the Fund.
Fee Table for Fund Assets
First | Excess over | |||||||
$500 million | $500 million | |||||||
of Net Assets | of Net Assets | |||||||
0.050 | % | 0.040 | % |
The fee on Other Assets is stated as an annual percentage of the current value of the net assets of
the Fund determined in accordance with the following schedule and that rate is applied to the Other
Assets of the Fund.
Fee Table for Other Assets
First | Excess over | |||||||
$500 million | $500 million | |||||||
of Net Assets | of Net Assets | |||||||
0.500 | % | 0.490 | % |
For purposes of determining Net Assets of the Fund and calculating the fee on Fund Assets and
the fee on Other Assets, the net assets of the Fund, the net assets of the Fund invested in Funds
Assets and the net assets of the Fund invested in Other Assets are determined as of the close of
business on the previous business day of the Trust.
The fee on Fund Assets for the Fund shall be based on the applicable annual Fund Assets 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 Fee Table for Funds Assets to the applicable portion of
Net Assets of Fund divided by (ii) Net Assets of Fund (the “Applicable Annual Affiliated Funds Fee
Rate”).
The fee on Other Assets for the Fund shall be based on the applicable annual Other Assets 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 Fee Table for Other Assets to the applicable portions
of Net Assets of the Fund divided by (ii) Net Assets of the Fund (the “Applicable Annual Other
Assets Fee Rate”).
A-3