JOHN HANCOCK FUNDS II AMENDMENT TO AMENDED AND RESTATED ADVISORY AGREEMENT

▇▇▇▇ ▇▇▇▇▇▇▇ FUNDS II

AMENDMENT TO AMENDED AND RESTATED ADVISORY AGREEMENT

 

 

AMENDMENT (the “Amendment”) made this 12th day of December, 2012, to the Amended and Restated Advisory Agreement dated September 26, 2008, between ▇▇▇▇ ▇▇▇▇▇▇▇ Funds II, a Massachusetts business trust (the “Trust”) and ▇▇▇▇ ▇▇▇▇▇▇▇ Investment Management Services, LLC, a Delaware limited liability company (“JHIMS” or the “Adviser”). In consideration of the mutual covenants contained herein, the parties agree as follows:

 

 

1. CHANGE IN APPENDIX A

 

Appendix A is amended to add the following new series:

 

Asia Total Return Bond Fund

 

 

2. EFFECTIVE DATE

 

The Amendment shall become effective on the later of (i) the date of its execution and (ii) approval of the by the Board of Trustees of the Trust.

 

 

▇▇▇▇ ▇▇▇▇▇▇▇ Funds II

 

 

By: /s/▇▇▇▇ ▇▇▇▇▇▇▇▇

▇▇▇▇ ▇▇▇▇▇▇▇▇

President

 

 

▇▇▇▇ ▇▇▇▇▇▇▇ Investment Management Services, LLC

 

 

By: /s/▇▇▇ ▇▇▇▇▇▇▇

▇▇▇ ▇▇▇▇▇▇▇

Senior Vice President

 

 

APPENDIX A

 

 

ADVISORY FEE SCHEDULES

 

The Adviser shall serve as investment adviser for each Fund of the Trust listed below. The Trust will pay the Adviser, as full compensation for all services provided under this Agreement with respect to each Fund, the fee computed separately for such Fund at an annual rate as follows (the "Adviser Fee").

 

The term Aggregate Net Assets in the chart below includes the net assets of a Fund of the Trust. It also includes with respect to certain Funds as indicated in the chart the net assets of one or more other portfolios, but in each case only for the period during which the subadviser for the Fund also serves as the subadviser for the other portfolio(s) and only with respect to the net assets of such other portfolio(s) that are managed by the subadviser.

 

For purposes of determining Aggregate Net Assets and calculating the Adviser Fee, the net assets of the Fund and each other fund of the Trust are determined 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 are determined as of the close of business on the previous business day of that fund.

 

The Adviser Fee for a Fund shall be based on the applicable annual fee rate for the Fund 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 Adviser Fee for each Fund shall be accrued and paid daily to the Adviser for each calendar day. 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 Fund. Fees shall be paid either by wire transfer or check, as directed by the Adviser.

 

If, with respect to any Fund, 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 of 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.

Advisory Fee Schedules

 

Trust Portfolio	Aggregate Net Assets Include the Net Assets of the following funds in addition to the Trust Portfolio	Advisory Fee of the Trust Portfolio
Active Bond Fund	Active Bond Trust (JHVIT)	0.600% first $2.5 billion; 0.575% next $2.5 billion; and 0.550% excess over $5 billion
All Cap Core Fund	All Cap Core Trust (JHVIT)	0.800% — first $500 million; and 0.750% — excess over $500 million.
All Cap Value Fund	All Cap Value Trust (JHVIT)	0.800% — first $500 million; and 0.750% — excess over $500 million.
Alpha Opportunities Fund	Alpha Opportunities Trust (JHVIT)	1.025% — first $250 million; 1.00%— next $250 million; 0.975% — next $500 million; and 0.950%— excess over $1 billion.
Alternative Asset Allocation Fund	N/A	See below
Asia Total Return Bond Fund	N/A	0.725% --- first $250 million; 0.700% --- next $250 million; and 0.600% --- excess over $500 million.
Blue Chip Growth Fund	Blue Chip Growth Trust (JHVIT)	0.825% — first $1 billion; and 0.775% — excess over $1 billion.* *When Aggregate Net Assets exceed $1 billion on any day, the annual rate of advisory fee for that day is 0.800% on the first $1 billion of Aggregate Net Assets.
Capital Appreciation Fund	Capital Appreciation Trust (JHVIT)	0.850% — first $300 million; 0.800% — between $300 million and $500 million; 0.700% — between $500 million and $1 billion; and 0.670% — excess over $1 billion.
Capital Appreciation Value Fund	Capital Appreciation Value Trust (JHVIT)	See below
China Emerging Leaders Fund	N/A	1.100% — first $500 million; 1.050%— next $500 million; and 1.000% — excess over $1 billion.
Core Allocation Plus Fund	Core Allocation Plus Trust (JHVIT)	0.915% ---- first $500 million; and 0.865% ---- excess over $500 million
Core Bond Fund	Core Bond Trust (JHVIT)	0.690% — first $200 million; 0.640% — next $200 million; and 0.570% — excess over $400 million.
Core Diversified Growth & Income Portfolio	See below	See below
Core Fundamental Holdings Portfolio	See below	See below
Core Global Diversification Portfolio	See below	See below
Currency Strategies Fund	Currency Strategies Trust (JHVIT)	0.950% — first $250 million; 0.900% — next $250 million; and 0.850% — excess over $500 million.
Diversified Strategies Fund	N/A	See below
Emerging Markets Fund	Emerging Markets Value Trust (JHVIT)	1.00% — first $100 million; 0.950% - excess over $100 million
Emerging Markets Debt Fund	Not applicable	0.725% — first $250 million; 0.700% — next $500 million; and 0.675% — excess over $750 million.
Equity-Income Fund	Equity-Income Trust (JHVIT)	0.825% — first $1 billion; and 0.775% — excess over $1 billion.* *When Aggregate Net Assets exceed $1 billion on any day, the annual rate of advisory fee for that day is 0.800% on the first $1 billion of Aggregate Net Assets.
Financial Services Fund	Financial Services Trust (JHVIT)	0.800% — first $50 million; 0.775%— next $450 million; and 0.750% — excess over $500 million.
Floating Rate Income Fund	N/A	0.700% — first $1.1 billion; 0.675% — next $0.90 billion; and 0.650% — excess over $2 billion.
Fundamental All Cap Core Fund	Fundamental All Cap Core Trust (JHVIT)	0.675% — first $2.5 billion; 0.650% — excess over $2.5 billion.
Fundamental Global Franchise Fund	N/A	0.800% --- first $1 billion; and 0.780% --- excess over $1 billion.
Fundamental Large Cap Core Fund	N/A	0.725% — first $500 million; 0.700% — next $500 million; 0.675% — next $500 million; and 0.650% — excess over $1.5 billion.
Fundamental Large Cap Value Fund	Fundamental Large Cap Value Trust (JHVIT)	0.70% — first $500 million; 0.65% — next $500 million; and 0.60% — excess over $1 billion.
Fundamental Value Fund	Fundamental Value Trust (JHVIT)	0.800% — first $50 million; 0.775% — next $450 million; and 0.750% — excess over $500 million.
Global Fund	JHVIT Global Trust International Value Trust Income Trust Mutual Shares Trust   JHF II International Value Fund Income Fund Mutual Shares Fund International Small Cap Fund	0.850% first $1 billion; and 0.800% excess over $1 billion.
Global Absolute Return Strategies Fund	N/A	1.300% --- first $200 million; 1.250% --- next $300 million; 1.200% --- excess over $500 million.* * Rate applies retroactively to all assets at or below $500 million.
Global Bond Fund	Global Bond Trust (JHVIT)	0.700% — at all asset levels.
Global High Yield Fund	N/A	0.825% — first $250 million; 0.790%— next $500 million; and 0.770% — excess over $750 million.
Global Real Estate Fund	N/A	0.900% — first $500 million; 0.875% — next $250 million; and 0.850% — excess over $750 million.
Health Sciences Fund	Health Sciences Trust (JHVIT)	1.050% --- first $500 million; and 1.000% --- excess over $500 million.
Heritage Fund (formerly, Vista Fund)	Heritage Trust (JHVIT)	0.850% — first $400 million; 0.825% — next $600 million; and 0.800% — excess over $1 billion.
High Income Fund	N/A	0.725% — first $150 million; 0.675% — between $150 million and $500 million; 0.650% — between $500 million and $2.5 billion; and 0.600% — excess over $2.5 billion.
High Yield Fund	High Yield Trust (JHVIT)	0.700% — first $500 million; and 0.650% — excess over $500 million.
Income Fund	JHVIT Income Trust International Value Trust Global Trust Mutual Shares Trust   JHF II International Small Cap Fund International Value Fund Global Fund Mutual Shares Fund	1.075% first $50 million; 0.915% next $150 million; 0.825% next $300 million; and 0.800% excess over $500 million   When Aggregate Net Assets exceed $500 million, the advisory fee is 0.800% on all net assets of the Income Fund.
International Growth Equity Fund	N/A	0.85% — first $750 million of aggregate net assets; 0.80%— next $500 million of aggregate net assets; and 0.75% — excess over $1.25 billion of aggregate net assets.
International Growth Opportunities Fund	N/A	0.975% --- first $100 million; 0.850% --- next $300 million; and 0.750% --- excess over $400 million.
International Growth Stock Fund	International Growth Stock Trust (JHVIT)	0.850% — first $250 million; 0.800% — next $500 million; and 0.750% — excess over $750 million.
International Small Cap Fund	N/A	1.050% — first $200 million; 0.950% — next $300 million; and 0.850% — excess over $500 million.
International Small Company Fund	International Small Company Trust (JHVIT)	0.950% — at all asset levels.
International Value Fund	JHVIT Global Trust Income Trust International Value Trust Mutual Shares Trust   JHF II Global Fund Income Fund International Small Cap Fund Mutual Shares Fund	0.950% first $150 million; 0.850% next $150 million; and 0.800% excess over $300 million   When Aggregate Net Assets exceed $300 million, the advisory fee rate is 0.800% on all net assets.
Investment Quality Bond Fund	Investment Quality Bond Trust (JHVIT)	0.600% — first $500 million; and 0.550% — excess over $500 million.
Retirement Living Portfolios	Lifecycle Trusts (JHVIT)	See below
Lifestyle Portfolios	Lifestyle Trusts (JHVIT)	See below
Mid Cap Growth Index Fund	N/A	0.530% -- first $50 million; 0.510% -- next $50 million; and 0.490% —excess over $100 million.
Mid Cap Stock Fund	Mid Cap Stock Trust (JHVIT)	0.875% — first $200 million; 0.850% — next $300 million; and 0.825% — excess over $500 million.
Mid Cap Value Equity Fund	Mid Cap Value Equity Trust (JHVIT)	0.875% — first $250 million; and 0.850% — next $250 million; 0.825% — next $500 million; and 0.800% — excess over $1 billion.
Mid Cap Value Index Fund	N/A	0.530% -- first $50 million; 0.510% -- next $50 million; and 0.490% —excess over $100 million.
Mid Value Fund	Mid Value Trust (JHVIT)	1.050% — first $50 million; 1.00% — excess over $50 million.
Money Market Fund	Money Market Trust (JHVIT)	0.500% — first $500 million; and 0.470% — excess over $500 million.
Multi Sector Bond Fund	N/A	0.740% — first $250 million; 0.700%— next $500 million; and 0.675% — excess over $750 million.
Mutual Shares Fund	Mutual Shares Trust (JHVIT)	0.960% first $750 million; 0.920% excess over $750 million.#   #When Aggregate Net Assets for the JHVIT Mutual Shares Trust and JHF II Mutual Shares Fund exceed $750 million, the advisory fee is 0.92% on all net assets of the Mutual Shares Fund.
Natural Resources Fund	Natural Resources Trust (JHVIT)	1.000% — first $1 billion; 0.975% — next $1 billion; 0.950% — excess over $2 billion.
Real Estate Equity Fund	N/A	0.875% — first $250 million; 0.850% — next $250 million; and 0.825% — excess over $500 million.
Real Estate Securities Fund	Real Estate Securities Trust (JHVIT)	0.700% — at all asset levels.
Real Return Bond Fund	Real Return Bond Trust (JHVIT)	0.700% — first $1 billion; and 0.650% — excess over $1 billion.
Redwood Fund	N/A	1.200% --- first $100 million; 1.150% --- next $100 million; 1.100% --- above $200 million, retroactive to prior asset levels; and 1.050% --- excess over $500 million.
Retirement Choices Portfolios	N/A	See below
Science & Technology Fund	Science & Technology Trust (JHVIT)	1.050% — first $500 million; and 1.000% — excess over $500 million.
Short Term Government Income Fund	Short Term Government Income Trust (JHVIT)	0.570% — first $250 million; and 0.550% — excess over $250 million.
Small Cap Growth Fund	Small Cap Growth Trust	1.100% — first $100 million; and 1.050% — excess over $100 million.
Small Cap Opportunities Fund	Small Cap Opportunities Trust (JHVIT)	1.000% — first $500 million; 0.950% — next $500 million; 0.900% — next $1 billion.; and 0.850% — excess over $2 billion
Small Cap Value Fund	Small Cap Value Trust (JHVIT)	1.100% — first $100 million; 1.050% — next $500 million; and 1.000% — excess over $600 million
Small Company Growth Fund	JHVIT Small Company Growth Trust Small Cap Opportunities Trust International Growth Stock Trust Value Trust   JHF II Small Cap Opportunities Fund International Growth Stock Fund Value Fund	1.050% — first $250 million; and 1.000% — excess over $250 million.   The applicable rate is 1.000% on all net assets of the Small Company Growth Fund when the Aggregate Net Assets exceed $1 billion.
Small Company Value Fund	Small Company Value Trust (JHVIT)	1.050% — first $500 million; and 1.000% — excess over $500 million.
Smaller Company Growth Fund	Smaller Company Growth Trust (JHVIT)	1.100% — first $125 million; 1.050%— next $250 million; 1.00%— next $625 million; and 0.950% — excess over $1 billion.
Spectrum Income Fund	New Income Trust (JHVIT)	0.800% — first $250 million; and 0.725% — excess over $250 million.
Strategic Equity Allocation Fund	Strategic Equity Allocation Trust (JHVIT)	0.675% -- first $2.5 billion; 0.650% -- next $5 billion; 0.625% -- next $2.5 billion; and 0.600% -- excess over $10 billion
Strategic Income Opportunities Fund	Strategic Income Opportunities Trust (JHVIT)	0.700% first $500 million; 0.650% next $3 billion; and 0.600% excess over $3.5 billion
Technical Opportunities Fund	N/A	1.20% first $250 million; and 1.15% excess over $250 million.
Technical Opportunities Fund II	N/A	1.100% — first $250 million; 1.050% — next $750 million; and 1.000% — over $1 billion.
Total Return Fund	Total Return Trust (JHVIT)	See below
Total Stock Market Index Fund	Total Stock Market Index Trust (JHVIT)	0.490% — first $250 million; 0.480% — next $250 million; and 0.460% — excess over $500 million.
U.S. High Yield Bond Fund	N/A	0.750% — first $200 million; and 0.720% — excess over $200 million.
U.S.Equity Fund	U.S. Equity  Trust (JHVIT)	0.780% — first $500 million; 0.760% — next $500 million;  and 0.740% — excess over $1 billion.
Value Fund	Value Trust (JHVIT)	0.750% — first $200 million; 0.725% — next $300 million; and 0.650% — excess over $500 million.

 

Capital Appreciation Value Fund

 

 

If net assets are less than $500 million, the following fee schedule shall apply:

 

First $250 million of Aggregate Net Assets	Excess Over $250 million of Aggregate Net Assets
0.950%	0.850%

 

If net assets equal or exceed $500 million but are less than $2 billion, the following fee schedule shall apply:

 

First $1 billion of Aggregate Net Assets	Excess Over $1 billion of Aggregate Net Assets
0.850%	0.800%

 

If net assets equal or exceed $2 billion but are less than $3 billion, the following fee schedule shall apply:

 

First $500 million of Aggregate Net Assets	Excess Over $500 million of Aggregate Net Assets
0.850%	0.800%

 

If net assets equal or exceed $3 billion, the following fee schedule shall apply:

 

All Asset Levels

0.800%

 

Total Return Fund

 

 

The Adviser shall serve as investment adviser for the Portfolio of the Trust listed below. The Trust will pay the Adviser, as full compensation for all services provided under this Agreement with respect to the Portfolio, the fee computed separately for the Portfolio at an annual rate as follows (the "Adviser Fee").

 

Pacific Investment Management Company (“PIMCO”) is the Subadviser to the Portfolio

 

During the period during which PIMCO is the subadviser to the Portfolio, if Relationship Net Assets* equal or exceed $3 Billion, the following fee schedule shall apply:

 

Portfolio	First $1 Billion of Total Return Net Assets**	Excess Over $1 Billion of Total Return Net Assets**
Total Return Fund	0.700%	0.675%

 

If Relationship Net Assets* are less than $3 Billion, the following fee schedule shall apply:

 

Portfolio	All Asset Levels
Total Return Fund	0.700%

 

*The term Relationship Net Assets shall mean the aggregate net assets of all portfolios of the ▇▇▇▇ ▇▇▇▇▇▇▇ Trust and the ▇▇▇▇ ▇▇▇▇▇▇▇ Funds II that are subadvised by PIMCO. These funds currently include the Total Return Trust, the Real Return Bond Trust and the Global Bond Trust, each a series of the Trust, and the Total Return Fund, the Real Return Bond Fund and the Global Bond Fund, each a series of ▇▇▇▇ ▇▇▇▇▇▇▇ Funds II.

 

PIMCO is not the Subadviser to the Portfolio

 

If PIMCO is not the subadviser to the Portfolio, the following fee schedule shall apply:

 

Portfolio	First $1 Billion of Total Return Net Assets**	Excess Over $1 Billion of Total Return Net Assets**
Total Return Fund	0.700%	0.675%

 

**The term Total Return Net Assets includes the net assets of the Portfolio. It also includes with respect to the Portfolio the net assets of the Total Return Trust, a series of ▇▇▇▇ ▇▇▇▇▇▇▇ Trust but only for the period during which the subadviser for the Portfolio also serves as the subadviser for the Total Return Trust. For purposes of determining Total Return Net Assets and calculating the Advisory Fee, the net assets of the Portfolio are determined as of the close of business on the previous business day of the Trust, and the net assets of the Total Return Trust are determined as of the close of business on the previous business day of that fund.

 

The Adviser 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 Total Return Net Assets divided by (ii) Total Return Net Assets (the “Applicable Annual Fee Rate”). The Adviser Fee for each Portfolio shall be accrued and paid daily to the Adviser for each calendar day. 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. Fees shall be paid either by wire transfer or check, as directed by the Adviser.

 

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.

Funds of Funds

 

 

The Adviser shall serve as investment adviser for each Portfolio listed below (each a “Fund of Funds”).

 

Lifestyle Aggressive Portfolio	Retirement Living through 2010 Portfolio
Lifestyle Balanced Portfolio	Retirement Living through 2015 Portfolio
Lifestyle Conservative Portfolio	Retirement Living through 2020 Portfolio
Lifestyle Growth Portfolio	Retirement Living through 2025 Portfolio
Lifestyle Moderate Portfolio	Retirement Living through 2030 Portfolio
(collectively, the “Lifestyle Portfolios”)	Retirement Living through 2035 Portfolio
	Retirement Living through 2040 Portfolio
Retirement Choices at 2010 Portfolio	Retirement Living through 2045 Portfolio
Retirement Choices at 2015 Portfolio	Retirement Living through 2050 Portfolio
Retirement Choices at 2020 Portfolio	(collectively, the “Retirement Living Portfolios”)
Retirement Choices at 2025 Portfolio
Retirement Choices at 2030 Portfolio
Retirement Choices at 2035 Portfolio
Retirement Choices at 2040 Portfolio
Retirement Choices at 2045 Portfolio
Retirement Choices at 2050 Portfolio	Alternative Asset Allocation Fund Diversified Strategies Fund
(collectively, the “Retirement Choices Portfolios”)

 

Certain Definitions:

 

“Affiliated Fund Assets” means the net assets or Aggregate Net Assets (as applicable) of a Fund of Funds that are invested in Affiliated Funds.

 

“Affiliated Funds” are any fund of ▇▇▇▇ ▇▇▇▇▇▇▇ Trust (“JHVIT”), ▇▇▇▇ ▇▇▇▇▇▇▇ Funds II (“JHF II”) or ▇▇▇▇ ▇▇▇▇▇▇▇ Funds III (“JHF III”), excluding the following funds of JHVIT: the Money Market Trust B, 500 Index Trust B, International Equity Index Trust B and Total Bond Market Trust B.

 

“Aggregate Net Assets” of a Fund of Funds means the net assets of the Fund of Funds and the net assets of one or more other Funds of JHVIT, JHF II or JHF III, but only with respect to and for so long as such other Fund of Funds is managed by the same subadviser as the Fund of Funds.

 

“Other Assets” means the net assets or Aggregate Net Assets, as applicable, of a Fund of Funds that are not invested in Affiliated Funds.

 

Adviser Fee:

 

The Trust will pay the Adviser, as full compensation for all services provided under this Agreement with respect to each Fund of Funds, a fee computed separately for each Fund of Funds as follows (the “Adviser Fee”).

 

The Adviser Fee for each Fund of Funds has two components: (a) a fee on Affiliated Fund Assets; and (b) a fee on Other Assets. Each such fee shall be accrued and paid daily to the Adviser for each calendar day. The daily Adviser Fee for each Fund of Funds shall be the sum of the daily fee on Affiliated Fund Assets and the daily fee on Other Assets. Fees shall be paid either by wire transfer or check, as directed by the Adviser.

 

(a) Fee on Affiliated Fund Assets. The fee on Affiliated Fund Assets is stated as an annual percentage of the current value of either the net assets or the Aggregate Net Assets (as applicable) of the Fund of Funds, in each case determined in accordance with the fee schedule set forth below for the Fund of Funds, and that percentage rate (the “Applicable Annual Affiliated Funds Fee Rate”) is applied to the Affiliated Fund Assets of the Fund of Funds. For each day, the Applicable Annual Affiliated Funds Fee Rate for the Fund of Funds shall be equal to (i) the sum of the amounts determined by applying the annual percentage rates for Affiliated Fund Assets in the fee schedule to the applicable portions of the net assets or Aggregate Net Assets of the Fund of Funds divided by (ii) the net assets or Aggregate Net Assets, as applicable, of the Fund of Funds. The daily fee accrual on Affiliated Fund Assets will be computed by multiplying the fraction of one over the number of calendar days in the year by the Applicable Annual Affiliated Funds Fee Rate, and multiplying this product by the Affiliated Fund Assets of the Fund of Funds.

 

(b) Fee on Other Assets. The fee on Other Assets is stated as an annual percentage of the current value of either the net assets or the Aggregate Net Assets (as applicable) of the Fund of Funds, in each case determined in accordance with the fee schedule set forth below for the Fund of Funds, and that percentage rate (the “Applicable Annual Other Assets Fee Rate”) is applied to the Other Assets of the Fund of Funds. For each day, the Applicable Annual Other Assets Fee Rate for the Fund of Funds shall be equal to (i) the sum of the amounts determined by applying the annual percentage rates for Other Assets in the fee schedule to the applicable portions of the net assets or Aggregate Net Assets of the Fund of Funds, divided by (ii) the net assets or Aggregate Net Assets, as applicable, of the Fund of Funds. The daily fee accrual on Other Assets will be computed by multiplying the fraction of one over the number of calendar days in the year by the Applicable Annual Other Assets Fee Rate, and multiplying this product by the Other Assets of the Fund of Funds.

 

Net assets, Aggregate Net Assets, Affiliated Fund Assets and Other Assets with respect to a Fund of Funds shall be determined as of the close of business on the previous business day of JHVIT for JHVIT Funds, as of the close of business on the previous business day of JHF II for JHF II Funds and as of the close of business on the previous business day of JHF III for JHF III Funds.

 

If, with respect to any Fund of Funds, this Agreement becomes effective or terminates, or if the manner of determining the Applicable Annual Affiliated Funds Fee Rate or the Applicable Annual Other Assets 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.

 

Fee Schedules:

 

Retirement Living Portfolios

			Rates Applied to Aggregate Net Assets of the Fund of Funds (1)
Fund of Funds			Affiliated Fund Assets			Other Assets
			First $7.5 billion	Excess Over $7.5 billion		First $7.5 billion	Excess Over $7.5 billion
Each Retirement Living Portfolio			0.060%	0.050%		0.510%	0.500%
_____________________ (1) Aggregate Net Assets. For each Retirement Living Portfolio, Aggregate Net Assets include the net assets of all the JHF II Retirement Living Portfolios and the net assets of all the JHVIT Lifecycle Trusts. The JHVIT Lifecycle Trusts are: the Lifecycle 2010 Trust, Lifecycle 2015 Trust, Lifecycle 2020 Trust, Lifecycle 2025 Trust, Lifecycle 2030 Trust, Lifecycle 2035 Trust, Lifecycle 2040 Trust, Lifecycle 2045 Trust and Lifecycle 2050 Trust.

 

Lifestyle Portfolios

			Rates Applied to Aggregate Net Assets of the Fund of Funds (1)
Fund of Funds			Affiliated Fund Assets			Other Assets
			First $7.5 billion	Excess Over $7.5 billion		First $7.5 billion	Excess Over $7.5 billion
Each Lifestyle Portfolio			0.050%	0.040%		0.500%	0.490%
_________________________ (1) Aggregate Net Assets. For each Lifestyle Portfolio, Aggregate Net Assets include the net assets of all the JHF II Lifestyle Portfolios and the net assets of all the JHVIT Lifestyle Trusts. The JHVIT Lifestyle Trusts are: the Lifestyle Aggressive Trust, Lifestyle Balanced Trust, Lifestyle Conservative Trust, Lifestyle Growth Trust and Lifestyle Moderate Trust.

 

Retirement Choices Portfolios

			Rates Applied to Aggregate Net Assets of the Fund of Funds (1)
Fund of Funds			Affiliated Fund Assets			Other Assets
			First $7.5 billion	Excess Over $7.5 billion		First $7.5 billion	Excess Over $7.5 billion
Each Retirement Choices Portfolio			0.060%	0.050%		0.510%	0.500%
_____________________ (1) Aggregate Net Assets. For each Retirement Choices Portfolio, Aggregate Net Assets include the net assets of all the JHF II Retirement Choices Portfolios.

 

Alternative Asset Allocation Fund

			Rates Applied to net assets of the Fund of Funds
Fund of Funds			Affiliated Fund Assets			Other Assets
			All Asset Levels			All Asset Levels
Alternative Asset Allocation Fund			0.150%			0.600%

 

Diversified Strategies Fund

			Rates Applied to net assets of the Fund of Funds
Fund of Funds			Affiliated Fund Assets			Other Assets
			First $1 billion	Excess Over $1 billion		First $1 billion	Excess Over $1 billion
Diversified Strategies Fund			0.250%	0.225%		0.700%	0.675%

Core Diversified Growth & Income Portfolio

Core Fundamental Holdings Portfolio

Core Global Diversification Portfolio

 

 

Advisory Fee

 

0.050% — first $500 million of Aggregate Net Assets*

0.040% — excess over $500 million of Aggregate Net Assets*

 

*Aggregate Net Assets include the net assets of the following funds:

 

▇▇▇▇ ▇▇▇▇▇▇▇ Variable Insurance Trust

American Fundamental Holdings Trust

American Global Diversification Trust

 

▇▇▇▇ ▇▇▇▇▇▇▇ Funds II

Core Fundamental Holdings Fund

Core Global Diversification Fund

Core Diversified Growth &Income Fund