XXXX XXXXXXX CAPITAL SERIES
000 Xxxxxxxx Xxxxxx
Xxxxxx, XX 00000-0000
Xxxx Xxxxxxx Signature Services, Inc.
0 Xxxx Xxxxxxx Xxx, Xxxxx 0000
Xxxxxx, XX 00000-0000
Re: Master Transfer Agency and Service Agreement
Ladies and Gentlemen:
Pursuant to Section 11.01 of the Amended and Restated Master Transfer
Agency and Service Agreement dated as of June 1, 1998 between Xxxx Xxxxxxx
Capital Series (the "Trust") and Xxxx Xxxxxxx Signature Services, Inc. (the
"Transfer Agent"), please be advised that the Trust has established a new series
of its shares, namely, Xxxx Xxxxxxx International Classic Value Fund (the
"Fund"), and please be further advised that the Trust desires to retain the
Transfer Agent to render transfer agency services under the Amended and Restated
Master Transfer Agency and Service Agreement for the Fund in accordance with the
fee schedule attached as Exhibit A.
Please state below whether you are willing to render such services in
accordance with the fee schedule attached as Exhibit A.
XXXX XXXXXXX CAPITAL SERIES
On behalf of
Xxxx Xxxxxxx International Classic Value Fund
By: /s/Xxxxx X. Xxxxxxxxx
Xxxxx X. Xxxxxxxxx
President and Chief Executive Officer
Dated: February 28, 2006
We are willing to render transfer agency services to Xxxx Xxxxxxx
International Classic Value Fund in accordance with the fee schedule attached
hereto as Exhibit A.
XXXX XXXXXXX SIGNATURE SERVICES, INC.
By: /s/Xxxx Xxxxx
Xxxx Xxxxx
President and Chief Executive Officer
Dated: February 28, 2006
TRANSFER AGENT FEE SCHEDULE
EXHIBIT A
As of February 28, 2006: Addition of Xxxx Xxxxxxx International Classic Value
Fund and Deletion of Xxxx Xxxxxxx High Income Fund
Effective February 28, 2006, the transfer agent fees payable monthly under
the transfer agent agreement between each fund and Xxxx Xxxxxxx Signature
Services, Inc. shall be the following rates plus certain out-of-pocket expenses
as attached. The basis point fee will be waived for any quarter where the Fund's
fee is greater than 5 basis points above its Lipper median.
EQUITY FUNDS ANNUAL RATE PER ACCOUNT
0.05% of daily net assets plus the following per account fees:
--------------------------------------------------------------------------------
Class A Shares Class B Shares Class C Shares
-------------- -------------- --------------
$16.00 $18.50 $17.50
Xxxx Xxxxxxx Equity Trust
-JH Growth Trends Fund
Xxxx Xxxxxxx Investment Trust II
-JH Regional Bank Fund
Xxxx Xxxxxxx Series Trust
-JH Multi Cap Growth Fund
-JH Focused Equity Fund
-JH Real Estate Fund
Xxxx Xxxxxxx World Fund
-JH Health Sciences Fund
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Class A Shares Class B Shares Class C Shares Class I Shares
-------------- -------------- -------------- --------------
$16.00 $18.50 $17.50 0.05% of daily
net assets
Xxxx Xxxxxxx Capital Series
-JH Core Equity Fund
-JH International Classic Value Fund
Xxxx Xxxxxxx Equity Trust
-JH Small Cap Fund
-JH Technology Leaders Fund
Xxxx Xxxxxxx Investment Trust
-JH Balanced Fund
-JH Large Cap Equity Fund
-JH Large Cap Intrinsic Value Fund
-JH Small Cap Intrinsic Value Fund
Xxxx Xxxxxxx Investment Trust II
-JH Financial Industries Fund
Xxxx Xxxxxxx Investment Trust III
-JH Greater China Opportunities Fund
-JH International Fund
-JH Mid Cap Growth Fund
Xxxx Xxxxxxx Series Trust
-JH Mid Cap Equity Fund*
-JH Small Cap Growth Fund
-JH Technology Fund
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Class A Shares Class B Shares Class C Shares Class R Shares
-------------- -------------- -------------- --------------
$16.00 $18.50 $17.50 $20.00
Xxxx Xxxxxxx Capital Series
-JH Allocation Core Portfolio
-JH Allocation Growth + Value Portfolio
--------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------
Class A Shares Class B Shares Class C Shares Class I Shares Class R Shares
-------------- -------------- -------------- -------------- --------------
$16.00 $18.50 $17.50 0.05% of daily $20.00
net assets
Xxxx Xxxxxxx Capital Series
-JH Classic Value Fund
-JH Large Cap Select Fund
-JH U.S. Global Leaders Growth Fund
Xxxx Xxxxxxx Investment Trust
-JH Sovereign Investors Fund
Xxxx Xxxxxxx Investment Trust II
-JH Small Cap Equity Fund
--------------------------------------------------------------------------------
2
--------------------------------------------------------------------------------
Class I
-------
0.05% of daily net assets, no per account fee
Xxxx Xxxxxxx Institutional Series Trust
-Xxxx Xxxxxxx Independence Diversified Core Equity Fund II
--------------------------------------------------------------------------------
MONEY MARKET FUNDS ANNUAL RATE PER ACCOUNT
0.015% of daily net assets plus the following per account fees:
--------------------------------------------------------------------------------
Class A Shares Class B Shares Class C Shares
-------------- -------------- --------------
$17.00 $19.50 $18.50
Xxxx Xxxxxxx Current Interest
-JH Money Market Fund
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Class A Shares
$17.00
Xxxx Xxxxxxx Current Interest
-JH US Government Cash Reserve
--------------------------------------------------------------------------------
TAX-FREE FUNDS ANNUAL RATE PER ACCOUNT
0.015% of daily net assets plus the following per account fees:
--------------------------------------------------------------------------------
Class A Shares Class B Shares Class C Shares
-------------- -------------- --------------
$17.00 $19.50 $18.50
Xxxx Xxxxxxx California Tax-Free Income Fund
Xxxx Xxxxxxx Municipal Securities Trust
-JH High Yield Municipal Bond Fund
-JH Tax-Free Bond Fund
Xxxx Xxxxxxx Tax-Exempt Series Fund
-JH Massachusetts Tax-Free Income Fund
-JH New York Tax-Free Income Fund
--------------------------------------------------------------------------------
3
INCOME FUNDS ANNUAL RATE PER ACCOUNT
0.015% of daily net assets plus the following per account fees:
--------------------------------------------------------------------------------
Class A Shares Class B Shares Class C Shares
-------------- -------------- --------------
$17.00 $19.50 $18.50
Xxxx Xxxxxxx Xxxx Trust
-JH Government Income Fund
-JH High Yield Fund
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Class A Shares Class B Shares Class C Shares Class I Shares
-------------- -------------- -------------- --------------
$17.00 $19.50 $18.50 0.05% of daily
net assets
Xxxx Xxxxxxx Xxxx Trust
-JH Investment Grade Bond Fund
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Class A Shares Class B Shares Class C Shares Class I Shares Class R Shares
-------------- -------------- -------------- -------------- --------------
$17.00 $19.50 $18.50 0.05% of daily $20.00
net assets
Xxxx Xxxxxxx Sovereign Bond Fund
-XX Xxxx Fund
Xxxx Xxxxxxx Strategic Series
-JH Strategic Income Fund
--------------------------------------------------------------------------------
*Asset based fee waived.
These fees are agreed to by the undersigned as of February 28, 2006.
XXXX XXXXXXX CAPITAL SERIES
On behalf of
Xxxx Xxxxxxx International Classic Value
By: /s/Xxxxx X. Xxxxxxxxx
---------------------
Xxxxx X. Xxxxxxxxx
President and Chief Executive Officer
XXXX XXXXXXX SIGNATURE SERVICES, INC.
By: /s/Xxxx Xxxxx
-------------
Xxxx Xxxxx
President and Chief Executive Officer
4
OUT-OF-POCKET EXPENSES (OOP)
Acct. Title General Description Funds Allocation Methodology
-------------- --------------------------------------------------- -------------- --------------------------------------------------
Confirms and Category represents the production and mailing of Retail & In general, customer output expenses are
Statements JHF customer output including base stock, Institutional allocated by fund number of open billable
postage, printing and mailing of confirms, accounts. If fund specific, the total expense
statements including daily redemption and will be allocated to the applicable fund (s) only.
replacement checks and commission/12b-1 checks
and statements.
-------------- --------------------------------------------------- -------------- --------------------------------------------------
Tax Forms Category represents the production and mailing of Retail & In general, customer output expenses are allocated
original (Xxxxx/OT) and duplicate (OT) tax forms Institutional by fund number of open billable accounts. If fund
including base stock, print costs and postage. specific, the total expense will be allocated to
the applicable fund only.
-------------- --------------------------------------------------- -------------- --------------------------------------------------
Dividend/ Represents the production and mailing of dividend, Retail & These expenses are allocated by fund number of
capital gain and SWP checks. Institutional accounts coded for cash distribution or SWPs.
-------------- --------------------------------------------------- -------------- --------------------------------------------------
Sub TA Fees Represents sub-transfer agent fees assessed by Retail & Allocated by fund by number of open accounts per
Xxxxxxx Xxxxx Xxxxxx for sub-accounts within the Institutional Xxxxx Xxxxxx reports.
omnibus positions.
-------------- --------------------------------------------------- -------------- --------------------------------------------------
DST Internet Category represents all DST Internet Products Retail & >> FAN is allocated by fund by number of open
including: Institutional billable accounts
>> FAN: Shareholder access to DST via >> Vision is allocated by fund by number of open
Internet for account history, portfolio billable accounts
value and transaction processing. >> FANMail is allocated by fund by number of
>> Vision: Broker/Representative access to open billable accounts
DST via Internet for account history, >> TRAC Internet is allocated by fund by number
portfolio value and transaction processing. of open billable PPA (participant) accounts
>> FANMail: Activity and Position files >> E-delivery is allocated by number of
provided to brokers/representatives via the open accounts with e-delivery option.
Internet.
>> TRAC Internet: Participant access to DST via
Internet for account history, portfolio value
and transaction processing.
>> E-delivery: Delivery of quarterly
statements electronically.
-------------- --------------------------------------------------- -------------- --------------------------------------------------
Bank Processing Fees assessed by banks for processing Retail & Allocated by fund by number of open billable
and reconciliation of transfer agent DDAs. Includes Institutional accounts
BONY, FSB&T.
-------------- --------------------------------------------------- -------------- --------------------------------------------------
Check Writing Represents expenses associated with the Retail Class Allocated by fund (only funds that offer check
productions and mailing, including base stock and A only writing privilege) by # of open billable accounts
postage, of check writing checkbooks by Xxxx coded for check writing. As of 3/1/2002, the
Xxxxxxx as well as First Signature Bank following funds offer check writing:
reconciliation charges.
Fund # Fund Name
------ ---------
43 US Government Cash Reserve
44 Money Market
55 Intermediate Government Income Fund
56 Government Income Fund
72 High Income Fund
91 Strategic Income Fund
-------------- --------------------------------------------------- -------------- --------------------------------------------------
National Represents Fund/SERV and networking fees charged Retail & Allocated by fund by number of open billable
Securities by National Securities Clearing Corporation Institutional accounts coded as dealer controlled (matrix level
Clearing (NSCC). 1,2,3,4).
Corporation
(NSCC) Non-
DST
-------------- --------------------------------------------------- -------------- --------------------------------------------------
Miscellaneous Includes one time fees/credits which are not Retail & Allocated as expense dictates
applicable to an existing OOP category. If the Institutional
fee is recurring, a separate category may be
established.
-------------- --------------------------------------------------- -------------- --------------------------------------------------
800 Line Represents telephone usage and related expenses Retail & Allocated by fund number of open billable accounts
Charges assessed by AT&T and DST including automated Institutional
voice response.
-------------- --------------------------------------------------- -------------- --------------------------------------------------
TRAC 2000 Expenses associated with utilizing DST's Retail & Allocated by fund by number of open billable PPA
Audio automated voice response product for retirement Institutional (participant) accounts
Response plans (participants).
-------------- --------------------------------------------------- -------------- --------------------------------------------------
TRAC 2000 Represents programming expenses associated with Retail & Allocated by fund by number of open billable PPA
Dedicated DST TRAC development initiatives. Institutional (participant) accounts
Programmer
-------------- --------------------------------------------------- -------------- --------------------------------------------------
Proxies Includes proxy solicitation and tabulation Retail & Allocated to the specific fund involved in the
Mailing expenses (proxy card mailing, postage, etc.) for Institutional proxy
those campaigns deemed fund billable expenses.
Legal will make the determination as to whether or
not the proxy effort is a JHF corporate or Fund
Billable expense. Proxy vendors generally include
Alamo Direct, MIS and ADP.
-------------- --------------------------------------------------- -------------- --------------------------------------------------
5
OUT-OF-POCKET EXPENSES (OOP)
Acct. Title General Description Funds Allocation Methodology
-------------- --------------------------------------------------- -------------- --------------------------------------------------
DST TRAC 2000 Represents fee assessed by DST for loan Retail & Allocated by fund by number of open billable PPA
Participant processing on participant accounts. Institutional (participant) accounts
Loan
-------------- --------------------------------------------------- -------------- --------------------------------------------------
Quarterly/ Represents mailing expense and postage associated Retail & Allocated by fund by number of open billable
Annual Reports with annual and semi-annualreport mailings as well Institutional accounts
as monthly prospectus mailings.
-------------- --------------------------------------------------- -------------- --------------------------------------------------
Programming/ Represents programming expenses assessed by Retail & Allocated by fund and number of open billable
Development non-DST 3rd party business partners. OTS Institutional accounts (unless expense is specific to fund).
programming falls into this category.
-------------- --------------------------------------------------- -------------- --------------------------------------------------
Level III Quarterly charge which represents annual $3 per Retail & Allocated by fund and number of Networked level
Networked Level III (dealer controlled) account paid out to Institutional III open billable accounts.
Accounts dealers.
-------------- --------------------------------------------------- -------------- --------------------------------------------------
DST Represents charges associated with using Retail & Allocated by fund by number of open billable
PowerSelect PowerSelect which is a PC-based ad hoc reporting Institutional accounts
tool that provides the ability to run queries on
shareholder account and transaction data to generate
reports, labels, and other output, including
magnetic media.
-------------- --------------------------------------------------- -------------- --------------------------------------------------
TRAC Non-Funded Represents SIMPLE, 403b and 401k non-funded Retail & Allocated by fund by number of closed PPA
Participants participant positions maintained on TRAC20000. Institutional (participant) accounts. Non-funded SIMPLES and
403bs should be allocated as fund billable
expenses. Non-funded 401k participant fees are
allocated 50% to JHF Corporate and 50% to JHSS.
--------------- --------------------------------------------------- -------------- -------------------------------------------------
DST Programming Represents programming expenses associated with Retail & Allocated by fund by number of open billable
DST development initiatives. Institutional accounts
--------------- --------------------------------------------------- -------------- -------------------------------------------------
DST Data Technology costs associated with maintaining Retail & Allocated by fund by number of open billable
Communication remote access to DST Institutional accounts
--------------- --------------------------------------------------- -------------- -------------------------------------------------
DST Comp/Recon Additional cost assessed by DST for the use of Retail & Allocated by fund by number of open billable the
Comp/Recon subsystem. JHSS Control Department Institutional accounts
uses this system for automated reconciliation.
--------------- --------------------------------------------------- -------------- -------------------------------------------------
DST National Per fund fee assessed by DST for processing Retail & Allocated by fund
Securities through the NSCC Institutional
Clearing
Corporation
(NSCC)
--------------- --------------------------------------------------- -------------- -------------------------------------------------
DST Audio Expenses associated with utilizing DST's Retail & Allocated by fund by number of open billable
Response automated voice response products Institutional accounts
--------------- --------------------------------------------------- -------------- -------------------------------------------------
DST Computer Production and mailing of tapes (i.e. dealer Retail & Allocated by fund by number of open billable
Tapes tapes/cartridges) Institutional accounts
--------------- --------------------------------------------------- -------------- -------------------------------------------------
DST Air Freight Charges associated with air delivery of tapes, Retail & Allocated by fund by number of open billable
cartridges, etc. Institutional accounts
--------------- --------------------------------------------------- -------------- -------------------------------------------------
DST Microfiche Represents the production and delivery, including Retail & Allocated by fund by number of open billable
base stock of microfilm/fiche reports and Institutional accounts
statements by non-DST 3rd parties.
--------------- --------------------------------------------------- -------------- -------------------------------------------------
DST Disaster Represents fee associated with subscribing to DST Retail & Allocated by fund by number of open billable
Recovery disaster recovery program Institutional accounts
--------------- --------------------------------------------------- -------------- -------------------------------------------------
DST Iron Represents fees associated with storing tapes, Retail & Allocated by fund by number of open billable
Mountain files and documentation off-site. Institutional accounts
Document
Storage
--------------- --------------------------------------------------- -------------- -------------------------------------------------
Other- Monthly credit representing interest earned in Retail & Allocated by fund by number of open billable
Reimbursement DDAs for JHF Institutional accounts
--------------- --------------------------------------------------- -------------- -------------------------------------------------
6
