JOHN HANCOCK MUNICPAL SECURITIES TRUST AMENDMENT TO ADVISORY AGREEMENT
EX 99(d)(2)
XXXX XXXXXXX MUNICPAL SECURITIES TRUST
AMENDMENT TO ADVISORY AGREEMENT
AMENDMENT made as of the 22nd day of September , 2022, to the Amended and Restated Advisory Agreement dated June 30, 2020, as amended (the “Agreement”), between Xxxx Xxxxxxx Municipal Securities Trust (the “Trust”), a Massachusetts business trust, on behalf of its series Xxxx Xxxxxxx Municipal Opportunities Fund, and Xxxx Xxxxxxx Investment Management LLC (the “Adviser”), 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 to reflect the updated fee schedule for Xxxx Xxxxxxx Municipal Opportunities Fund and any contrary fee schedule information is hereby superseded:
Portfolio |
First $500 million of Daily Net Assets |
Next $500 million of Daily Net Assets |
Next $2 billion of Daily Net Assets |
Excess $3 billion of Daily Net Assets | ||||
Xxxx Xxxxxxx Municipal Opportunities Fund |
0.510% | 0.460% | 0.410% | 0.385% |
2. | EFFECTIVE DATE |
This Amendment shall become effective as of October 1, 2022, following approval of the Amendment by the Board of Trustees of the Trust.
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.
(THE REMAINDER OF THIS SPACE HAS BEEN INTENTIONALLY LEFT BLANK)
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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 MUNICPAL SECURITIES TRUST |
By: | /s/ Xxxxxx X. Xxxxxx | |
Name: | Xxxxxx X. Xxxxxx | |
Title: | President |
XXXX XXXXXXX INVESTMENT MANAGEMENT LLC |
By: | /s/ Xxx Xxxxxxxxx | |
Name: | Xxx Xxxxxxxxx | |
Title: | Chief Investment Officer |
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