Common use of Multimanager Lifetime Portfolios Clause in Contracts

Multimanager Lifetime Portfolios. The Adviser voluntarily agrees to waive its advisory fee for each Retirement Living Portfolio (each a “Fund”) so that the aggregate advisory fee retained by the Adviser with respect to both the Fund and its underlying investments (after payment of subadvisory fees) does not exceed 0.51% of the Fund’s first $7.5 billion of average daily net assets and 0.50% of the Fund’s average daily net assets in excess of $7.5

Appears in 4 contracts

Sources: Expense Limitation Agreement (John Hancock Funds II), Expense Limitation Agreement (John Hancock Funds II), Expense Limitation Agreement (John Hancock Funds II)