EX-99.77Q1 OTHR EXHB 4 d290718ex99-77q1_jh12b1.htm EX-99.77Q1 OTHR EXHB

John Hancock Funds, LLC

601 Congress Street

Boston, MA 02210-2805


March 12, 2015


To the Trustees of

John Hancock Funds

601 Congress Street

Boston, MA 02210


Re:

Rule 12b-1 Fee Waiver Letter Agreement


With reference to each of the Distribution Plans entered into by and between John Hancock Funds, LLC (the “Distributor”) and each of the trusts listed in Appendix A to this letter (each, a “Trust” and collectively, the “Trusts”), on behalf of each of their respective series listed in Appendix A (each, a “Fund” and collectively, the “Funds”), we hereby notify you as follows:


1.  The Distributor agrees to contractually waive and limit its Rule 12b-1 distribution fees and/or service fees to the extent necessary to achieve the aggregate distribution and service fees of each Fund as set forth in Appendix B hereto.


2.  We understand and intend that the Trusts will rely on this undertaking in overseeing the preparation and filing of Post-effective Amendments to the Registration Statements on Form N-1A for the Trusts and the Funds with the Securities and Exchange Commission, in accruing each Fund’s expenses for purposes of calculating its net and gross asset value per share, and for other purposes permitted under Form N-1A and/or the Investment Company Act of 1940, as amended, and we expressly permit the Trusts so to rely.


Sincerely,



JOHN HANCOCK FUNDS, LLC



By: /s/ Jeffrey H. Long

Jeffrey H. Long

Chief Financial Officer


Agreed and Accepted
on behalf of each applicable Trust listed in Appendix A



By:

   /s/ Charles A. Rizzo

Charles A. Rizzo

Chief Financial Officer





A copy of the document establishing each Trust is filed with the Secretary of The Commonwealth of Massachusetts.  This Agreement is executed by the officer in his capacity as such and not as an individual and is not binding upon any of the Trustees, officers or shareholders of the Trusts individually but only upon the assets of the Funds.




APPENDIX A

TRUSTS and Funds

JOHN HANCOCK BOND TRUST

John Hancock Focused High Yield Fund

John Hancock Global Conservative Absolute Return Fund

John Hancock Global Short Duration Credit Fund

John Hancock Government Income Fund

John Hancock Investment Grade Bond Fund

JOHN HANCOCK CALIFORNIA TAX-FREE INCOME FUND

John Hancock California Tax-Free Income Fund

JOHN HANCOCK CAPITAL SERIES

John Hancock Classic Value Fund

John Hancock U.S. Global Leaders Growth Fund

JOHN HANCOCK CURRENT INTEREST

John Hancock Money Market Fund

JOHN HANCOCK INVESTMENT TRUST

John Hancock Balanced Fund

John Hancock Disciplined Value International Fund

John Hancock Emerging Markets Equity Fund

John Hancock Enduring Equity Fund

John Hancock Global Opportunities Fund

John Hancock Large Cap Equity Fund

John Hancock Seaport Fund

John Hancock Small Cap Core Fund

John Hancock Value Equity Fund

JOHN HANCOCK INVESTMENT TRUST II

John Hancock Financial Industries Fund

John Hancock Regional Bank Fund

John Hancock Small Cap Equity Fund

JOHN HANCOCK INVESTMENT TRUST III

John Hancock Greater China Opportunities Fund

JOHN HANCOCK MUNICIPAL SECURITIES TRUST

John Hancock High Yield Municipal Bond Fund

John Hancock Tax-Free Bond Fund

JOHN HANCOCK SOVEREIGN BOND FUND

John Hancock Bond Fund

JOHN HANCOCK STRATEGIC SERIES

John Hancock Income Fund




APPENDIX B


 




Classes

 

 

 



Expiration Date of
Waiver/Limit

Fund

A

B

C

R4

 

Balanced Fund

N/A

N/A

N/A

0.15%

2/29/2016

Classic Value Fund

N/A

N/A

N/A

0.15%

2/29/2016

Disciplined Value International Fund

N/A

N/A

N/A

0.15%

2/29/2016

Emerging Markets Equity Fund

N/A

N/A

N/A

0.15%

2/28/20171

Large Cap Equity Fund

N/A

N/A

N/A

0.15%

2/29/2016

Bond Fund

N/A

N/A

N/A

0.15%

9/30/2016

California Tax-Free Income Fund

N/A

0.90%

0.90%

N/A

9/30/2015

High Yield Municipal Bond Fund

0.15%

0.90%

0.90%

N/A

9/30/2015

Income Fund

N/A

N/A

N/A

0.15%

9/30/2015

Investment Grade Bond Fund

N/A

N/A

N/A

0.15%

9/30/2016

Tax-Free Bond Fund

0.15%

0.90%

0.90%

N/A

9/30/2015

Money Market Fund

0.15%

N/A

N/A

N/A

7/31/20162


_____________________

1 At the March 10-12, 2015 meeting of the Board of Trustees of the Trusts, the Distributor notified the Board of, and the Board approved, the waiver and limit of the Rule 12b-1 distribution fees and/or service fees set forth above for Class R4 shares of Emerging Markets Equity Fund with an expiration date of February 28, 2017, effective as of the commencement of operations of the Fund’s Class R4 shares.

2 At the March 10-12, 2015 meeting of the Board of Trustees of the Trusts, the Distributor notified the Board of, and the Board approved, the extension of the expiration date of the waiver and limit of the Rule 12b-1 distribution and service fees of Class A shares of Money Market Fund to July 31, 2016, effective upon the current expiration date of July 31, 2015.