JOHN HANCOCK TRUST AMENDMENT TO SUBADVISORY AGREEMENT John Hancock Asset Management a division of Manulife Asset Management (US) LLC (formerly, MFC Global Investment Management (U.S.), LLC)
XXXX XXXXXXX TRUST
AMENDMENT TO SUBADVISORY AGREEMENT
Xxxx Xxxxxxx Asset Management a division of Manulife Asset Management (US) LLC
(formerly, MFC Global Investment Management (U.S.), LLC)
AMENDMENT made as of this 25th of March, 2011 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 following funds: |
a. | Lifestyle Balanced PS Series | ||
b. | Lifestyle Conservative PS Series | ||
c. | Lifestyle Growth PS Series | ||
d. | Lifestyle Moderate PS Series | ||
e. | Strategic Allocation Trust | ||
x. | Xxxx PS Series | ||
g. | Optimized All Cap Trust | ||
h. | Optimized Value Trust |
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 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)
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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 INVESTMENT MANAGEMENT SERVICES, LLC
By: | /s/ Xxxxxx Xxxxxx | |||
Xxxxxx Xxxxxx | ||||
Executive Vice President | ||||
XXXX XXXXXXX ASSET MANAGEMENT A DIVISION OF MANULIFE ASSET
MANAGEMENT (US) LLC
MANAGEMENT (US) LLC
By: | /s/ Xxxxx Xxxxxxx | |||
Xxxxx Xxxxxxx | ||||
Vice President, Chief Administrative Officer |
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APPENDIX A
The Subadviser shall serve as investment subadviser for the Portfolios of the Trust listed below.
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 | Net Assets# | |
Active Bond Trust
|
# | 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. |
Excess Over | ||||||||
First $500 Million | Next $1 Billion | Next $1 Billion of | $2.5 Billion of | |||||
Portfolio | of Aggregate Net Assets* | of Aggregate Net Assets* | Aggregate Net Assets* | Aggregate Net Assets* | ||||
Bond Trust |
||||||||
Bond PS Series |
Excess Over | ||||
First $250 Million | $250 Million of | |||
Portfolio | of Aggregate Net Assets* | Aggregate Net Assets* | ||
Short-Term Government Income Trust |
Excess Over | ||||||||
First $150 Million | Next $350 Million | Next $2 Billion of | $2.5 Billion of | |||||
Portfolio | of Aggregate Net Assets* | of Aggregate Net Assets* | Aggregate Net Assets* | Aggregate Net Assets* | ||||
High Income Trust |
Excess Over | ||||
First $500 Million | $500 Million of | |||
Portfolio | of Aggregate Net Assets* | Aggregate Net Assets* | ||
Strategic Income Opportunities Trust |
Excess Over | ||||
First $250 Million | $250 Million of | |||
Portfolio | of Aggregate Net Assets* | Aggregate Net Assets* | ||
Ultra Short Term Bond Trust |
Excess Over | ||||
First $2.5 billion | $2.5 billion of | |||
Portfolio | of Aggregate Net Assets* | Aggregate Net Assets* | ||
Optimized All Cap Trust |
Next $500 Million | Excess Over | |||||
First $500 Million | of Aggregate Net | $1 Billion of | ||||
Portfolio | of Aggregate Net Assets* | Assets* | Aggregate Net Assets* | |||
Optimized Value Trust |
Portfolio | All Asset Levels | |
American Fundamental Holdings Trust
|
||
American Global Diversification Trust |
||
Core Balanced Strategy Trust |
||
Core Diversified Growth & Income 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 |
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Portfolio | All Asset Levels |
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 Balanced PS Series |
Lifestyle Conservative PS Series |
Lifestyle Growth PS Series |
Lifestyle Moderate PS Series |
Portfolio | All Asset Levels | |
Core Allocation Trust Core Balanced Trust Core Disciplined Diversification Trust 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 | |
High Income Trust
|
High Income 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
|
Strategic Income Opportunities Fund, a series of Xxxx Xxxxxxx Funds II | |
American Fundamental Holdings Trust
|
Not Applicable | |
American Global Diversification Trust |
||
Bond Trust |
||
Bond PS Series |
||
Core Allocation Trust |
||
Core Balanced Trust |
||
Core Balanced Strategy Trust |
||
Core Disciplined Diversification Trust |
||
Core Diversified Growth & Income Trust |
||
Core Fundamental Holdings Trust |
||
Core Global Diversification Trust |
||
Core Strategy Trust |
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Portfolio | All Asset Levels |
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 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.
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.
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