JOHN HANCOCK TRUST AMENDMENT TO SUBADVISORY AGREEMENT Templeton Global Advisors Limited
XXXX XXXXXXX TRUST
AMENDMENT TO SUBADVISORY AGREEMENT
Xxxxxxxxx Global Advisors Limited
Xxxxxxxxx Global Advisors Limited
AMENDMENT made as of this 25th day of June, 2010 to the Subadvisory Agreement dated December
8, 2003, as amended (the “Agreement”), between Xxxx Xxxxxxx Investment Management Services, LLC, a
Delaware limited partnership (the “Adviser”), and Xxxxxxxxx Global Advisors Limited (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 shall be deleted and
replaced by the attached Appendix A.
2. EFECTIVE DATE
This Amendment shall become effective on the later to occur of: (i) approval of the Amendment
by the Board of Trustees of Xxxx Xxxxxxx Trust, and (ii) execution of the Amendment.
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: |
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Xxxxxxxxx Global Advisors Limited | ||||
by: |
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APPENDIX A
The Subadviser shall serve as investment subadviser for each Portfolio of the Trust listed
below. The Adviser will pay the Subadviser, 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 “Subadviser Fee”):
Next | Excess Over | |||||||||||
First $150 million of | $150 million of | $300 million of | ||||||||||
Portfolio | Aggregate Net Assets* | Aggregate Net Assets* | Aggregate Net Assets#* | |||||||||
Global Trust |
# | When Aggregate Net Assets for the Global Trust exceed $300 million, the Subadviser fee is 0.350% on all net assets of the Global Trust. | |
* | The term Aggregate Net Assets includes the net assets of a Portfolio of the Trust. It also includes with respect to each Portfolio the net assets of one or more other portfolios managed by the Subadviser 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, the net assets of the Portfolio and each other portfolio 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. |
Trust Portfolio(s)
|
Other Portfolio(s) | |
Global Trust
|
Xxxx Xxxxxxx Trust | |
Income Trust | ||
International Value Trust | ||
Mutual Shares Trust | ||
Xxxx Xxxxxxx Funds II | ||
Global Fund | ||
Income Fund | ||
International Small Cap Fund | ||
International Value Fund | ||
Mutual Shares Fund |
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 the quotient of (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 each 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.