EX-99.(D)(3)(G) 7 jhvit-html2203_ex99d3g.htm AMENDMENT DATED APRIL 27, 2020 TO SUBADVISORY AGREEMENT DATED APRIL 29, 2005 RELATING TO GLOBAL TRUST AND GLOBAL EQUITY TRUST BETWEEN THE ADVISER AND MANULIFE INVESTMENT MANAGEMENT (US) LLC

Exhibit (d)(3)(G)

 

JOHN HANCOCK VARIABLE INSURANCE TRUST

 

AMENDMENT TO SUBADVISORY AGREEMENT

 

Manulife Investment Management (US) LLC

 

AMENDMENT made as of April 27, 2020 to the Subadvisory Agreement dated April 28, 2006, as amended (the “Agreement”), between John Hancock Investment Management Services, LLC, a Delaware limited liability company (the “Adviser”), and Manulife Investment Management (US) LLC (formerly, John Hancock Asset Management a division of Manulife Asset Management (US) 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 Portfolios: Global Trust and Global Equity Trust (f/k/a Mutual Shares Trust) (collectively, the “Portfolios”).

 

2.EFFECTIVE DATE

 

This Amendment shall become effective as to the Portfolios on the later to occur of (i) approval of the Amendment as to the Portfolios by the Board of Trustees of the 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)

 

 

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.

 

    JOHN HANCOCK VARIABLE TRUST ADVISERS LLC
      By: /s/ Jay Aronowitz
      Name: Jay Aronowitz
      Title: Chief Investment Officer

 

    MANULIFE INVESTMENT MANAGEMENT (US) LLC
      By: /s/ Diane Landers
      Name: Diane Landers
      Title: President & COO
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APPENDIX A

 

The Subadviser shall serve as investment subadviser for the Portfolios of the Trust listed below (portion of the net assets of the Portfolio as shall be assigned to the Subadviser by the Adviser from time to time in the case of the Active Bond Trust). 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”):

 

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*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 John Hancock Funds II
Financial Industries Trust John Hancock Financial Industries Fund, a series of John Hancock Investment Trust II
Fundamental All Cap Core Trust Fundamental All Cap Core Fund, a series of John Hancock Funds II
Fundamental Large Cap Value Trust

Fundamental Large Cap Value Fund, a series of John Hancock Funds II

Fundamental Value Trust

Global Trust

Global Equity Trust

JHF II Global Equity Fund, a series of John Hancock Funds II

Global Equity Trust

Global Trust

JHF II Global Equity Fund, a series of John Hancock Funds II

Short-Term Government Income Trust Short-Term Government Income Fund, a series of John Hancock Funds II
Strategic Income Opportunities Trust

Strategic Income Opportunities Fund and Income Allocation Fund (only with respect to the assets of Income Allocation Fund that are managed according to the subadviser’s strategic income opportunities strategy), each a series of John Hancock Funds II

Strategic Income Opportunities Fund, a sub-fund of John Hancock Worldwide Investors, PLC.

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Select Bond Trust Not Applicable
Strategic Equity Allocation Trust Strategic Equity Allocation Fund, a series of John Hancock Funds II
Total Bond Market Trust Not Applicable
Ultra Short Term Bond 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 Portfolio  
Lifestyle Balanced Portfolio  
Lifestyle Conservative Portfolio  
Lifestyle Growth Portfolio  
Lifestyle Moderate Portfolio  
(collectively, the “JHVIT Lifestyle Portfolios”)  
   
Managed Volatility Aggressive Portfolio  
Managed Volatility Balanced Portfolio  
Managed Volatility Conservative Portfolio  
Managed Volatility Growth Portfolio  
Managed Volatility Moderate Portfolio  
(collectively, the “JHVIT Managed Volatility Portfolios”) For each JHVIT Managed Volatility Portfolio, Aggregate Net Assets include the net assets of all of the JHVIT Managed Volatility Portfolios, the net assets of all of the JHVIT Lifestyle Portfolios, the net assets of all of the JHF II Multimanager Lifestyle Portfolios and the net assets of the JHF II Multi-Index Lifestyle Portfolios. The JHVIT Lifestyle Portfolios are: Lifestyle Aggressive Portfolio, Lifestyle Balanced Portfolio, Lifestyle Conservative Portfolio, Lifestyle Growth Portfolio, and Lifestyle Moderate Portfolio. The JHF II Multimanager
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Lifestyle Portfolios are: Multimanager Lifestyle Aggressive Portfolio, Multimanager Lifestyle Balanced Portfolio, Multimanager Lifestyle Conservative Portfolio, Multimanager Lifestyle Growth Portfolio, and Multimanager Lifestyle Moderate Portfolio. The JHF II Multi-Index Lifestyle Portfolios are: Multi-Index Lifestyle Aggressive Portfolio, Multi-Index Lifestyle Balanced Portfolio, Multi-Index Lifestyle Conservative Portfolio, Multi-Index Lifestyle Growth Portfolio, and Multi-Index Lifestyle Moderate Portfolio.
   

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 ai3ssets 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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