JOHN HANCOCK VARIABLE INSURANCE TRUST AMENDMENT TO SUBADVISORY AGREEMENT John Hancock Asset Management a division of Manulife Asset Management (US) LLC
Exhibit (d)(12)(G)
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 October 30, 2013 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 (formerly, MFC Global Investment Management (U.S.), 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 Lifestyle Aggressive PS Series.
2. | EFFECTIVE 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 Variable Insurance Trust and (ii) 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.
(THE REMAINDER OF THIS SPACE HAS BEEN INTENTIONALLY LEFT BLANK)
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/Xxxx Xxxxxx | |
Xxxx Xxxxxx | ||
Vice President |
XXXX XXXXXXX ASSET MANAGEMENT A DIVISION OF MANULIFE ASSET MANAGEMENT (US) LLC | ||
By: | /s/ Xxxxxxx Given | |
Xxxxxxx Given |
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 | Net Assets | |||
Strategic Allocation 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 | [ ] | % | [ ] | % |
Portfolio | First $[ ] of Aggregate Net Assets* | Next $[ ] of Aggregate Net Assets* | Excess Over $[ ] of Aggregate Net Assets* | |||||||||
Fundamental Large Cap Value Trust | [ ] | % | [ ] | % | [ ] | % |
A-1 |
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 Trust | ||||
Lifestyle Balanced Trust | ||||
Lifestyle Conservative Trust | ||||
Lifestyle Growth Trust | ||||
Lifestyle Moderate Trust | ||||
Lifestyle Aggressive PS Series | ||||
Lifestyle Balanced PS Series | ||||
Lifestyle Conservative PS Series | ||||
Lifestyle Growth PS Series | ||||
Lifestyle Moderate PS Series |
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.
Trust Portfolio(s) | Other Portfolio(s) | |
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 Xxxx Xxxxxxx Funds II | Strategic Income Opportunities Fund, a series of | |
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 |
A-2 |
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 Aggressive Trust
Lifestyle Balanced Trust
Lifestyle Conservative Trust
Lifestyle Growth Trust
Lifestyle Moderate Trust
Lifestyle Aggressive PS Series
Lifestyle Balanced PS Series
Lifestyle Conservative PS Series
Lifestyle Growth PS Series
Lifestyle Moderate PS Series
Strategic Allocation Trust
Ultra Short Term Bond Trust
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.
A-3 |
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 |