0000928816-14-000123.txt : 20140128 0000928816-14-000123.hdr.sgml : 20140128 20140128144154 ACCESSION NUMBER: 0000928816-14-000123 CONFORMED SUBMISSION TYPE: NSAR-A PUBLIC DOCUMENT COUNT: 7 CONFORMED PERIOD OF REPORT: 20131130 FILED AS OF DATE: 20140128 DATE AS OF CHANGE: 20140128 EFFECTIVENESS DATE: 20140128 FILER: COMPANY DATA: COMPANY CONFORMED NAME: JOHN HANCOCK TAX-EXEMPT SERIES FUND CENTRAL INDEX KEY: 0000811921 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: NSAR-A SEC ACT: 1940 Act SEC FILE NUMBER: 811-05079 FILM NUMBER: 14552300 BUSINESS ADDRESS: STREET 1: 601 CONGRESS STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 617-663-3000 MAIL ADDRESS: STREET 1: C/O JOHN HANCOCK FUNDS STREET 2: 601 CONGRESS STREET CITY: BOSTON STATE: MA ZIP: 02210 FORMER COMPANY: FORMER CONFORMED NAME: JOHN HANCOCK TAX EXEMPT SERIES FUND DATE OF NAME CHANGE: 20110214 FORMER COMPANY: FORMER CONFORMED NAME: HANCOCK JOHN TAX EXEMPT SERIES FUND DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: HANCOCK JOHN TAX EXEMPT SERIES TRUST DATE OF NAME CHANGE: 19901023

0000811921 S000000649 Massachusetts Tax-Free Income Fund

C000001868 Class A JHMAX

C000001869 Class B JHMBX

C000001870 Class C JMACX

0000811921 S000000650 New York Tax-Free Income Fund

C000001871 Class A JHNYX

C000001872 Class B JNTRX

C000001873 Class C JNYCX

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LTD 015 B00AA03 S 015 C01AA03 MELBOURNE 015 D01AA03 AUSTRALIA 015 E05AA03 X 015 A00AA04 Unicredit Bank Austria 015 B00AA04 S 015 C01AA04 Vienna 015 D01AA04 Austria 015 E04AA04 X 015 A00AA05 HSBC BANK MIDDLE EAST 015 B00AA05 S 015 C01AA05 MANAMA 015 D01AA05 BAHRAIN 015 E04AA05 X 015 A00AA06 Standard Chartered Bank 015 B00AA06 S 015 C01AA06 Dhaka 015 D01AA06 Bangladesh 015 E04AA06 X 015 A00AA07 Deutsche Bank AG 015 B00AA07 S PAGE 3 015 C01AA07 Brussels 015 D01AA07 Belgium 015 E04AA07 X 015 A00AA08 HSBC Bank Bermuda Limited 015 B00AA08 S 015 C01AA08 Hamilton 015 D01AA08 Bermuda 015 E04AA08 X 015 A00AA09 CITIBANK, N.A 015 B00AA09 S 015 C01AA09 SAO PAULO 015 D01AA09 BRAZIL 015 D02AA09 01311 015 E04AA09 X 015 A00AA10 ING BANK N.V. 015 B00AA10 S 015 C01AA10 SOFIA 015 D01AA10 BULGARIA 015 E04AA10 X 015 A00AA11 UNICREDIT BULBANK AD 015 B00AA11 S 015 C01AA11 SOFIA 015 D01AA11 BULGARIA 015 E04AA11 X 015 A00AA12 State Street Trust Co Canada 015 B00AA12 S 015 C01AA12 Toronto 015 D01AA12 Canada 015 E04AA12 X 015 A00AA13 Banco Itau Chile 015 B00AA13 S 015 C01AA13 Santiago 015 D01AA13 Chile 015 E04AA13 X 015 A00AA14 HSBC Bank (China) Company Limited 015 B00AA14 S 015 C01AA14 Shenzhen 015 D01AA14 China 015 E04AA14 X 015 A00AA15 Cititrust Colombia S.A Sociedad Fiduciaria 015 B00AA15 S 015 C01AA15 Bogota 015 D01AA15 Colombia 015 E04AA15 X 015 A00AA16 BANCO BCT S.A. 015 B00AA16 S 015 C01AA16 SAN JOSE 015 D01AA16 COSTA RICA 015 E04AA16 X 015 A00AA17 PRIVREDA BANKA ZAGREB D.D. 015 B00AA17 S PAGE 4 015 C01AA17 ZAGREB 015 D01AA17 CROATIA 015 E04AA17 X 015 A00AA18 CESKOSLOVENSKA OBCHODNI BANKA, A.S. 015 B00AA18 S 015 C01AA18 PRAGUE 015 D01AA18 CZECH REPUBLIC 015 E04AA18 X 015 A00AA19 UNICREDIT BANK CZECH REPUBLIC A S 015 B00AA19 S 015 C01AA19 PRAGUE 015 D01AA19 CZECH REPUBLIC 015 E04AA19 X 015 A00AA20 SKANDINAVINSKA ENSKILDA BANKEN AB 015 B00AA20 S 015 C01AA20 COPENHAGEN 015 D01AA20 DENMARK 015 E04AA20 X 015 A00AA21 Banco de la Produccion S.A. 015 B00AA21 S 015 C01AA21 Quito 015 D01AA21 Ecuador 015 E04AA21 X 015 A00AA22 HSBC Bank Egypt S.A.E. 015 B00AA22 S 015 C01AA22 Cairo 015 D01AA22 Egypt 015 E04AA22 X 015 A00AA23 AS SEB Pank 015 B00AA23 S 015 C01AA23 Tallin 015 D01AA23 Estonia 015 E04AA23 X 015 A00AA24 SKANDINAVISKA ENKLIDA BANKEN 015 B00AA24 S 015 C01AA24 HELSINKI 015 D01AA24 FINLAND 015 E04AA24 X 015 A00AA25 Deutsche Bank AG 015 B00AA25 S 015 C01AA25 Amsterdam 015 D01AA25 France 015 E04AA25 X 015 A00AA26 DEUTSCHE BANK AG 015 B00AA26 S 015 C01AA26 Eschborn 015 D01AA26 GERMANY 015 E04AA26 X 015 A00AA27 Standard Chartered Bank, Ghana 015 B00AA27 S 015 C01AA27 Accra PAGE 5 015 D01AA27 Ghana 015 E04AA27 X 015 A00AA28 BNP Paribas Security Services, S.A. 015 B00AA28 S 015 C01AA28 Athens 015 D01AA28 Greece 015 E04AA28 X 015 A00AA29 STANDARD CHARTERED BANK (HONG KONG) LTD. 015 B00AA29 S 015 C01AA29 Kwun Tong 015 D01AA29 HONG KONG 015 E04AA29 X 015 A00AA30 UniCredit Bank Hungary Zrt. 015 B00AA30 S 015 C01AA30 Budapest 015 D01AA30 Hungary 015 E04AA30 X 015 A00AA31 Deutsche Bank AG 015 B00AA31 S 015 C01AA31 Mumbai 015 D01AA31 India 015 E04AA31 X 015 A00AA32 The Hong Kong & Shanghai Banking Corp. Ltd. 015 B00AA32 S 015 C01AA32 Mumbai 015 D01AA32 India 015 E04AA32 X 015 A00AA33 Deutsche Bank AG 015 B00AA33 S 015 C01AA33 JAKARTA 015 D01AA33 INDONESIA 015 E04AA33 X 015 A00AA34 Bank Hapoalim B.M. 015 B00AA34 S 015 C01AA34 Tel Aviv 015 D01AA34 Israel 015 E04AA34 X 015 A00AA35 Deusche Bank SpA 015 B00AA35 S 015 C01AA35 Milan 015 D01AA35 Italy 015 E04AA35 X 015 A00AA36 MIZUHO CORPORATE BANK LTD. 015 B00AA36 S 015 C01AA36 TOKYO 015 D01AA36 JAPAN 015 E04AA36 X 015 A00AA37 HSBC Bank Middle East Limited 015 B00AA37 S 015 C01AA37 Western Amman 015 D01AA37 Jordan PAGE 6 015 E04AA37 X 015 A00AA38 SB HSBC Bank Kazakhstan JSC 015 B00AA38 S 015 C01AA38 Almaty 015 D01AA38 Kazakhstan 015 E04AA38 X 015 A00AA39 Standard Chartered Bank Kenya Limited 015 B00AA39 S 015 C01AA39 Nairobi 015 D01AA39 Kenya 015 E04AA39 X 015 A00AA40 Deutsche Bank AG 015 B00AA40 S 015 C01AA40 Seoul 015 D01AA40 Korea 015 E04AA40 X 015 A00AA41 HSBC Bank Middle East, Kuwait 015 B00AA41 S 015 C01AA41 Safat 015 D01AA41 Kuwait 015 E04AA41 X 015 A00AA42 AS SEB Bankas 015 B00AA42 S 015 C01AA42 Vilnius 015 D01AA42 Lithuania 015 E04AA42 X 015 A00AA43 STANARD CHARTERED BANK MALAYSIA BERHAD 015 B00AA43 S 015 C01AA43 KUALA LUMPUR 015 D01AA43 MALAYSIA 015 E04AA43 X 015 A00AA44 Hong Kong Shanghai Banking Corp., Ltd. 015 B00AA44 S 015 C01AA44 Qormi 015 D01AA44 Malta 015 E04AA44 X 015 A00AA45 HONG KONG SHANGHAI BANKING CORP. 015 B00AA45 S 015 C01AA45 PORT LOUIS 015 D01AA45 MAURITIUS 015 E04AA45 X 015 A00AA46 BANCO NACIONAL DE MEXICO 015 B00AA46 S 015 C01AA46 MEXICO CITY 015 D01AA46 MEXICO 015 E04AA46 X 015 A00AA47 Citibank Maghreb 015 B00AA47 S 015 C01AA47 Casablanca 015 D01AA47 Morocco 015 E04AA47 X PAGE 7 015 A00AA48 STANBIC BANK NAMBIA LIMITED 015 B00AA48 S 015 C01AA48 WINDHOEK 015 D01AA48 NAMIBIA 015 E04AA48 X 015 A00AA49 Deutsche Bank AG 015 B00AA49 S 015 C01AA49 Amsterdam 015 D01AA49 Netherlands 015 E04AA49 X 015 A00AA50 The Hong Kong & Shanghai Bank Corp. 015 B00AA50 S 015 C01AA50 Auckland 015 D01AA50 New Zealand 015 E04AA50 X 015 A00AA51 Stanbic IBTC Bank Plc. 015 B00AA51 S 015 C01AA51 Lagos 015 D01AA51 Nigeria 015 E04AA51 X 015 A00AA52 Skandinaviska Enskilda Banken AB 015 B00AA52 S 015 C01AA52 Oslo 015 D01AA52 Norway 015 E04AA52 X 015 A00AA53 HSBC Bank Middle East Limited 015 B00AA53 S 015 C01AA53 Muscat 015 D01AA53 Oman 015 E04AA53 X 015 A00AA54 Deutsche Bank AG 015 B00AA54 S 015 C01AA54 Karachi 015 D01AA54 Pakistan 015 E04AA54 X 015 A00AA55 HSBC Middle East Limited 015 B00AA55 S 015 C01AA55 Ramallah 015 D01AA55 Palestine 015 E04AA55 X 015 A00AA56 Citibank del Peru S.A. 015 B00AA56 S 015 C01AA56 Lima 015 D01AA56 Peru 015 E04AA56 X 015 A00AA57 Deutsche Bank AG 015 B00AA57 S 015 C01AA57 Makati City 015 D01AA57 Philippines 015 E04AA57 X 015 A00AA58 BANK HANDLOWY W WARSZAWIE S.A. 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PAGE 9 015 B00AA68 S 015 C01AA68 LJUBLJANA 015 D01AA68 SLOVENIA 015 E04AA68 X 015 A00AA69 THE STANDARD BANK OF SOUTH AFRICA LIMITED 015 B00AA69 C 015 C01AA69 CAPE TOWN 015 D01AA69 SOUTH AFRICA 015 E04AA69 X 015 A00AA70 Deutsche Bank S.A.E. 015 B00AA70 S 015 C01AA70 Madrid 015 D01AA70 Spain 015 E04AA70 X 015 A00AA71 The Hong Kong & Shanghai Bank Corp. 015 B00AA71 S 015 C01AA71 Colombo 015 D01AA71 Sri Lanka 015 E04AA71 X 015 A00AA72 STANDARD BANK SWAZILAND LIMITED 015 B00AA72 S 015 C01AA72 MBABANE 015 D01AA72 SWAZILAND 015 E04AA72 X 015 A00AA73 SKANDINAVINSKA ENSKILDA BANKEN AB 015 B00AA73 S 015 C01AA73 STOCKHOLM 015 D01AA73 SWEDEN 015 E04AA73 X 015 A00AA74 Credit Suisse 015 B00AA74 S 015 C01AA74 Zurich 015 D01AA74 Switzerland 015 E04AA74 X 015 A00AA75 Deutsche Bank 015 B00AA75 S 015 C01AA75 Taipei 015 D01AA75 Taiwan 015 E04AA75 X 015 A00AA76 STANDARD CHARTERED BANK/BANGKOK BANK PUBLIC 015 B00AA76 S 015 C01AA76 BANGKOK 015 D01AA76 THAILAND 015 E04AA76 X 015 A00AA77 REPUBLIC BANK LIMITED 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O00AA00 N 055 A00AA00 N 055 B00AA00 N 056 00AA00 Y 057 00AA00 N 058 A000200 N 058 A000300 N 059 000200 Y 059 000300 Y 060 A000200 Y 060 B000200 Y 060 A000300 Y 060 B000300 Y 061 000200 1000 061 000300 1000 062 A000200 Y 062 B000200 0.0 062 C000200 0.0 062 D000200 0.0 062 E000200 0.0 062 F000200 0.0 062 G000200 0.0 062 H000200 0.0 062 I000200 0.0 062 J000200 0.0 062 K000200 0.0 062 L000200 0.0 062 M000200 0.0 062 N000200 0.0 062 O000200 98.4 062 P000200 0.0 062 Q000200 0.0 062 R000200 0.0 062 A000300 Y 062 B000300 0.0 062 C000300 0.0 062 D000300 0.0 062 E000300 0.0 062 F000300 0.0 062 G000300 0.0 062 H000300 0.0 062 I000300 0.0 062 J000300 0.0 062 K000300 0.0 PAGE 17 062 L000300 0.0 062 M000300 0.0 062 N000300 0.0 062 O000300 97.4 062 P000300 0.0 062 Q000300 0.0 062 R000300 0.0 063 A000200 0 063 B000200 17.8 063 A000300 0 063 B000300 18.7 064 A000200 Y 064 B000200 N 064 A000300 Y 064 B000300 N 066 A00AA00 N 067 00AA00 N 068 A00AA00 N 068 B00AA00 N 069 00AA00 N 070 A010200 Y 070 A020200 N 070 B010200 Y 070 B020200 N 070 C010200 Y 070 C020200 N 070 D010200 Y 070 D020200 N 070 E010200 Y 070 E020200 N 070 F010200 Y 070 F020200 N 070 G010200 Y 070 G020200 N 070 H010200 Y 070 H020200 N 070 I010200 N 070 I020200 N 070 J010200 Y 070 J020200 N 070 K010200 Y 070 K020200 N 070 L010200 Y 070 L020200 N 070 M010200 Y 070 M020200 N 070 N010200 Y 070 N020200 N 070 O010200 Y 070 O020200 N 070 P010200 Y PAGE 18 070 P020200 N 070 Q010200 N 070 Q020200 N 070 R010200 Y 070 R020200 N 070 A010300 Y 070 A020300 N 070 B010300 Y 070 B020300 N 070 C010300 Y 070 C020300 N 070 D010300 Y 070 D020300 N 070 E010300 Y 070 E020300 N 070 F010300 Y 070 F020300 N 070 G010300 Y 070 G020300 N 070 H010300 Y 070 H020300 N 070 I010300 N 070 I020300 N 070 J010300 Y 070 J020300 N 070 K010300 Y 070 K020300 N 070 L010300 Y 070 L020300 N 070 M010300 Y 070 M020300 N 070 N010300 Y 070 N020300 N 070 O010300 Y 070 O020300 N 070 P010300 Y 070 P020300 N 070 Q010300 N 070 Q020300 N 070 R010300 Y 070 R020300 N 071 A000200 8268 071 B000200 21706 071 C000200 104275 071 D000200 8 071 A000300 1531 071 B000300 7421 071 C000300 56886 071 D000300 3 072 A000200 6 072 B000200 2438 PAGE 19 072 C000200 0 072 D000200 0 072 E000200 0 072 F000200 267 072 G000200 10 072 H000200 0 072 I000200 35 072 J000200 9 072 K000200 0 072 L000200 5 072 M000200 3 072 N000200 18 072 O000200 0 072 P000200 0 072 Q000200 0 072 R000200 17 072 S000200 13 072 T000200 228 072 U000200 0 072 V000200 0 072 W000200 5 072 X000200 610 072 Y000200 78 072 Z000200 1906 072AA000200 0 072BB000200 4064 072CC010200 0 072CC020200 5779 072DD010200 1641 072DD020200 41 072EE000200 0 072 A000300 6 072 B000300 1394 072 C000300 0 072 D000300 0 072 E000300 0 072 F000300 145 072 G000300 6 072 H000300 0 072 I000300 19 072 J000300 6 072 K000300 0 072 L000300 5 072 M000300 1 072 N000300 14 072 O000300 0 072 P000300 0 072 Q000300 0 072 R000300 18 072 S000300 12 072 T000300 123 PAGE 20 072 U000300 0 072 V000300 0 072 W000300 4 072 X000300 353 072 Y000300 43 072 Z000300 1084 072AA000300 0 072BB000300 813 072CC010300 0 072CC020300 3942 072DD010300 932 072DD020300 32 072EE000300 0 073 A010200 0.2268 073 A020200 0.1814 073 B000200 0.0000 073 C000200 0.0000 073 A010300 0.2334 073 A020300 0.1885 073 B000300 0.0000 073 C000300 0.0000 074 A000200 451 074 B000200 0 074 C000200 0 074 D000200 96277 074 E000200 0 074 F000200 0 074 G000200 0 074 H000200 0 074 I000200 0 074 J000200 0 074 K000200 1 074 L000200 1491 074 M000200 13 074 N000200 98233 074 O000200 0 074 P000200 24 074 Q000200 0 074 R010200 0 074 R020200 0 074 R030200 0 074 R040200 381 074 S000200 0 074 T000200 97828 074 U010200 6794 074 U020200 204 074 V010200 11.91 074 V020200 11.91 074 W000200 0.0000 074 X000200 702 074 Y000200 0 PAGE 21 074 A000300 831 074 B000300 0 074 C000300 0 074 D000300 52831 074 E000300 0 074 F000300 0 074 G000300 0 074 H000300 0 074 I000300 0 074 J000300 0 074 K000300 1 074 L000300 670 074 M000300 7 074 N000300 54340 074 O000300 59 074 P000300 13 074 Q000300 0 074 R010300 0 074 R020300 0 074 R030300 0 074 R040300 50 074 S000300 0 074 T000300 54218 074 U010300 3818 074 U020300 156 074 V010300 11.77 074 V020300 11.77 074 W000300 0.0000 074 X000300 582 074 Y000300 0 075 A000200 0 075 B000200 106642 075 A000300 0 075 B000300 57928 076 000200 0.00 076 000300 0.00 077 A000000 Y 077 D000000 Y 077 Q010000 Y 078 000000 N 080 C00AA00 0 081 B00AA00 0 082 B00AA00 0 083 B00AA00 0 084 B00AA00 0 086 A010000 0 086 A020000 0 086 B010000 0 086 B020000 0 086 C010000 0 086 C020000 0 PAGE 22 086 D010000 0 086 D020000 0 086 E010000 0 086 E020000 0 086 F010000 0 086 F020000 0 SIGNATURE SALVATORE SCHIAVONE TITLE TREASURER EX-99.77Q1 OTHR EXHB 2 b_12b1waiverletter.htm 12B1WAIVERLETTER b_12b1waiverletter.htm

John Hancock Funds, LLC

601 Congress Street

Boston, MA 02210-2805

December 18, 2013

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 Global Conservative Absolute Return Fund

John Hancock Global Short Duration Credit Fund

John Hancock Government Income Fund

John Hancock High Yield 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 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 Small Cap Intrinsic Value Fund

John Hancock Sovereign Investors 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

JOHN HANCOCK TAX-EXEMPT SERIES FUND

John Hancock Massachusetts Tax-Free Income Fund

John Hancock New York Tax-Free 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%	2/28/2015¹
Classic Value Fund	N/A	N/A	N/A	0.15%	2/28/2015¹
Large Cap Equity Fund	N/A	N/A	N/A	0.15%	2/28/2015¹
California Tax-Free Income Fund	N/A	0.90%	0.90%	N/A	9/30/2014
High Yield Municipal Bond Fund	0.15%	0.90%	0.90%	N/A	9/30/2014
Income Fund	N/A	N/A	N/A	0.15%	9/30/2014
Massachusetts Tax-Free Income Fund	0.15%	0.90%	0.90%	N/A	9/30/2014
New York Tax-Free Income Fund	0.15%	0.90%	0.90%	N/A	9/30/2014
Tax-Free Bond Fund	0.15%	0.90%	0.90%	N/A	9/30/2014
Money Market Fund	0.15%	N/A	N/A	N/A	7/31/2014

¹ At the December 16-18, 2013 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 fees and/or service fees for the Funds set forth above to February 28, 2015, each effective upon the current expiration date of February 28, 2014.

EX-99.77Q1 OTHR EXHB 3 c_masexplimagrvolnot.htm MASEXPLIMAGRVOLNOT c_masexplimagrvolnot.htm

_________________________________________________________________________________

John Hancock Advisers, LLC
601 Congress Street

Boston, MA 02210

December 18, 2013

To the Trustees of

John Hancock Funds

601 Congress Street

Boston, MA 02210

Re: Expense Limitation Letter Agreement and Voluntary Expense Limitation Notice

With reference to each of the Advisory Agreements entered into by and between John Hancock Advisers, LLC (the “Adviser”) 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 Adviser agrees to contractually waive its advisory fees and, to the extent necessary, reimburse other expenses of each Fund as set forth in Appendix B, Appendix C, Appendix D and Appendix E hereto.

2. The Adviser agrees to voluntarily waive its advisory fees and, to the extent necessary, reimburse other expenses of each Fund as set forth in Appendix F, Appendix G and Appendix H hereto.

3. 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 Statement 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.

Very truly yours,

JOHN HANCOCK ADVISERS, 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

APPENDIX A

TRUSTS and Funds

JOHN HANCOCK BOND TRUST

John Hancock Global Conservative Absolute Return Fund

John Hancock Global Short Duration Credit Fund

John Hancock Government Income Fund

John Hancock High Yield 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 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 Small Cap Intrinsic Value Fund

John Hancock Sovereign Investors 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

JOHN HANCOCK TAX-EXEMPT SERIES FUND

John Hancock Massachusetts Tax-Free Income Fund

John Hancock New York Tax-Free Income Fund

A-1

APPENDIX B

Fund Level Contractual Expense Limitations

For purposes of the first part of this Appendix:

“Expenses” means all the expenses of a Fund excluding: (i) taxes; (ii) portfolio brokerage commissions; (iii) interest expense; (iv) litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the Fund’s business; (v) acquired fund fees and expenses paid indirectly; (vi) short dividend expense; (vii) Rule 12b-1 fees; (viii) transfer agency fees; and (ix) fees under any agreements or plans of the Fund dealing with services for shareholders and others with beneficial interests in shares of the Trust.

“Expense Limit” means the percentage of a Fund’s average annual net assets (on an annualized basis) set forth below.

The Adviser agrees to waive advisory fees and, to the extent necessary, reimburse other expenses of the Fund, in an amount equal to the amount by which the Expenses of such Fund exceed the Expense Limit for such Fund set forth in the table below.

The Expense Limit for each of the Funds indicated below for the purposes of this Appendix shall be as follows:

Fund

Annual Expense Limit

Expiration Date of Expense Limit

None

B-1

APPENDIX C

Class Level Contractual Expense Limitations

For purposes of this Appendix:

“Expenses” means all the expenses of a class of shares of the Fund (including those expenses of the Fund attributable to such class) but excluding: (i) taxes; (ii) portfolio brokerage commissions; (iii) interest expense; (iv) litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the Fund’s business; (v) acquired fund fees and expenses paid indirectly; (vi) short dividend expense; and (vii) fees under any agreements or plans of the Fund dealing with services for shareholders and others with beneficial interests in shares of the Fund.

“Expense Limit” means the percentage of average annual net assets (on an annualized basis) attributable to a class of shares of the Fund set forth below.

The Adviser agrees to waive advisory fees and, to the extent necessary, reimburse expenses or make payment to a specific class of shares of the Fund (up to the amount of the expenses relating solely to such class of shares), in an amount equal to the amount by which the Expenses of such class of shares exceed the Expense Limit for such class set forth in the table below.

The Expense Limit for the classes of shares of the Fund indicated below for the purposes of this Appendix shall be as follows:

	Classes										Expiration Date of Expense Limit
Fund	A	B	C	I	R1	R2	R3	R4	R5	R6
Enduring Equity Fund	1.90%	N/A	N/A	1.60%	N/A	N/A	N/A	N/A	N/A	1.50%	2/28/2015¹
Financial Industries Fund	N/A	N/A	2.15%	N/A	N/A	N/A	N/A	N/A	N/A	N/A	2/28/2015
Global Opportunities Fund	N/A	N/A	N/A	N/A	N/A	1.61%	N/A	N/A	N/A	1.10%	2/28/2015²
Greater China Opportunities Fund	N/A	N/A	N/A	1.34%³	N/A	N/A	N/A	N/A	N/A	N/A	2/28/2015³
Large Cap Equity Fund	N/A	1.83%⁴	1.83%⁴	0.78%⁴	N/A	N/A	N/A	N/A	N/A	N/A	2/28/2016⁴
Small Cap Intrinsic Value Fund	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	1.10%²	2/28/2015²
U.S. Global Leaders Growth Fund	1.30%	2.05%	2.05%	0.99%	N/A	1.40%	N/A	N/A	N/A	0.85%²	2/28/2014 for Class A, Class B, Class C, Class I, Class R2 2/28/2015 for Class R6²
Bond Fund	See below	See below	See below	See below	N/A	See below	N/A	N/A	N/A	0.57% and see below	9/30/2014
Global Conservative Absolute Return Fund	1.50%	N/A	N/A	1.19%	N/A	N/A	N/A	N/A	N/A	1.10%	9/30/2014
Government Income Fund	0.98%	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	9/30/2014
High Yield Fund	N/A	N/A	N/A	0.72%	N/A	N/A	N/A	N/A	N/A	N/A	9/30/2014

1 At the December 16-18, 2013 meeting of the Board of Trustees of the Trusts, the Adviser notified the Board of, and the Board approved, the fee waiver and/or expense reimbursement arrangement for Class A, Class I and Class R6 shares of the Fund with an expiration date of February 28, 2015, effective as of the commencement of the Fund’s operations.

2 At the December 16-18, 2013 meeting of the Board of Trustees of the Trusts, the Adviser notified the Board of, and the Board approved, the extension of the expiration date of the fee waiver and/or expense reimbursement arrangements for the Funds listed above to February 28, 2015, each effective upon the current expiration date of February 28, 2014.

3 At the December 16-18, 2013 meeting of the Board of Trustees of the Trusts, the Adviser notified the Board of, and the Board approved, an increase in the fee waiver and/or expense reimbursement arrangement for Class I shares of Greater China Opportunities Fund (from 1.31% to 1.34%) with an expiration date of February 28, 2015, effective upon the current expiration date of February 28, 2014.

4 If approved by its shareholders, Sovereign Investors Fund is scheduled to reorganize into Large Cap Equity Fund on May 2, 2014. At the December 16-18, 2013 meeting of the Board of Trustees of the Trusts, the Adviser notified, and the Board approved, the fee waiver and/or expense reimbursement arrangements for Class B, Class C and Class I shares of Large Cap Equity Fund listed above if the merger is approved by shareholders of Sovereign Investors Fund, effective upon the closing date of the reorganization, with an expiration date of February 28, 2016.

C-1

For John Hancock Bond Fund, the Adviser and its affiliates agree to waive a portion of their fees and/or reimburse certain Expenses in order to reduce the total annual fund operating expenses for Class A, Class B, Class C, Class I, Class R2 and Class R6 shares by 0.05% of the Fund’s average daily net assets. These fee waivers and/or expense reimbursements expire on September 30, 2014, unless renewed by mutual agreement of the Fund and the Adviser based upon a determination that this is appropriate under the circumstances at the time.*

* At the June 24-26, 2013 meeting of the Board of Trustees of the Trust, the Adviser notified the Board of, and the Board approved, the extension of the expiration date (to September 30, 2014) of the fee waiver and/or expense reimbursement arrangement, effective upon the current expiration date of September 30, 2013.

C-2

APPENDIX D

Class Specific Expense Contractual Limitations

For purposes of this Appendix:

The Adviser contractually agrees to reduce its management fee or, if necessary, make payment to each of the following share classes of the Fund in an amount equal to the amount by which “Expenses” of the share class exceed the percentage of average annual net assets (on an annualized basis) attributable to the class as set forth in the table below. “Expenses” means all the expenses attributable to a class of shares, excluding fund level expenses such as (a) advisory fees, (b) acquired fund fees and expenses paid indirectly, (c) taxes, (d) brokerage commissions, (e) interest expense, (f) litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the Fund’s business and (g) short dividend expense.

Fund

Classes

Expiration Date of Expense Limit

Balanced Fund

N/A

1.30%¹

N/A

0.00%²

2/28/2015

Classic Value Fund

N/A

1.30%¹

N/A

0.00%²

2/28/2015

Enduring Equity Fund

N/A

0.00%²

2/28/2015

Financial Industries Fund

N/A

1.30%¹

N/A

2/28/2015

Global Opportunities Fund

N/A

1.30%¹

N/A

0.00%²

2/28/2015

Greater China Opportunities Fund

N/A

1.30%¹

N/A

2/28/2015

Large Cap Equity Fund

N/A

1.30%¹

N/A

0.00%²

2/28/2015

Regional Bank Fund

N/A

1.30%¹

N/A

2/28/2015

Seaport Fund

0.55%³

N/A

0.25%³

N/A

See below⁴

2/28/2015

Small Cap Equity Fund

N/A

1.30%¹

N/A

0.00%²

2/28/2015

Small Cap Intrinsic Value Fund

N/A

1.30%¹

N/A

0.00%²

2/28/2015

Sovereign Investors Fund

N/A

1.30%¹

N/A

2/28/2015

U.S. Global Leaders Growth Fund

N/A

1.30%¹

N/A

0.00%²

2/28/2015

Bond Fund

N/A

0.00%²

9/30/2015

Global Conservative Absolute Return Fund

N/A

0.00%²

9/30/2015

Income Fund

N/A

0.00%²

9/30/2015

1 At the December 16-18, 2013 meeting of the Board of Trustees of the Trusts, the Adviser notified the Board of, and the Board approved, the fee waiver and/or expense reimbursement arrangement for Class B shares of the Funds listed above with an expiration date of February 28, 2015, each effective as of March 1, 2014.

2 At the December 16-18, 2013 meeting of the Board of Trustees of the Trusts, the Adviser notified the Board of, and the Board approved, a fee waiver and/or expense reimbursement arrangement for Class R6 shares of the Funds listed above which will be voluntary for the period from January 1, 2014 to January 31, 2014 and contractual for the period from February 1, 2014 to February 28, 2015.

3 At the December 16-18, 2013 meeting of the Board of Trustees of the Trusts, the Adviser notified the Board of, and the Board approved, the fee waiver and/or expense reimbursement arrangement for Class A and Class I shares of the Fund, with an expiration date of February 28, 2015, effective as of the commencement of the Fund’s operations.

4 At the December 16-18, 2013 meeting of the Board of Trustees of the Trusts, the Adviser notified the Board of, and the Board approved, (i) a contractual fee waiver and/or expense reimbursement arrangement of 0.10% for Class R6 shares of the Fund with an expiration date of February 28, 2015, effective as of the commencement of the Fund’s operations and (ii) a fee waiver and/or expense reimbursement arrangement of 0.00% for Class R6 shares which will be voluntary for the period from January 1, 2014 to January 31, 2014 and contractual for the period from February 1, 2014 to February 28, 2015.

D-1

APPENDIX E

Fund Level Contractual Investment Management Fee Waivers

The Adviser agrees to limit John Hancock Money Market Fund’s management fee to a maximum annual rate of 0.40% of the Fund’s average daily net assets. The limitation will continue until at least July 31, 2014.*

* At the March 17-20, 2013 meeting of the Board of Trustees of the Trusts, the Adviser notified the Board of, and the Board approved, the extension of the expiration date (to July 31, 2014) of the management fee limitation, effective upon the current expiration date of July 31, 2013.

The Adviser agrees to limit John Hancock Government Income Fund’s management fee to a maximum annual rate of 0.53% of the Fund’s average daily net assets. The limitation will continue until at least September 30, 2014.**

** At the June 24-26, 2013 meeting of the Board of Trustees of the Trust, the Adviser notified the Board of, and the Board approved, the extension of the expiration date (to September 30, 2014) of the management fee limitation, effective upon the current expiration date of September 30, 2013.

E-1

APPENDIX F

Fund Level Voluntary Limit on Total Operating Expenses

For purposes of this Appendix:

“Expense Limit” means the percentage of a Fund’s average annual net assets (on an annualized basis) set forth below.

The Expense Limit for each of the Funds indicated below for the purposes of this Appendix shall be as follows:

Fund

Annual Expense Limit

Expiration Date of
Expense Limit*

None

* These fee waivers and/or expense reimbursements are voluntary and may be amended or terminated at any time by the Adviser on notice to the Trust.

F-1

APPENDIX G

Class Level Voluntary Limit on Total Operating Expenses

For purposes of this Appendix:

“Expense Limit” means the percentage of average annual net assets (on an annualized basis) attributable to a class of shares of the Fund set forth below.

The Expense Limit for the classes of shares of the Fund indicated below for the purposes of this Appendix shall be as follows:

Classes

Expiration

Date of Expense Limit*

Fund

Global Short Duration Credit Fund

1.35%

N/A

1.04%

N/A

High Yield Fund

N/A

1.82%

N/A

Financial Industries Fund

N/A

2.15%

N/A

Small Cap Core Fund

1.50%

N/A

1.20%

N/A

*These fee waivers and/or expense reimbursements are voluntary and may be amended or terminated at any time by the Adviser on notice to the Trust.

For John Hancock Money Market Fund, the Adviser and its affiliates may voluntarily waive a portion of their fees (including, but not limited to, distribution and service (Rule 12b‑1) fees) and/or reimburse certain expenses to the extent necessary to assist the Fund in attempting to avoid a negative yield. These fee waivers and/or expense reimbursements are voluntary and may be amended or terminated at any time by the Adviser on notice to the Trust.

G-1

APPENDIX H

Fund Level Voluntary Limit on Other Expenses

For purposes of this Appendix:

The Adviser has voluntarily agreed to reduce its management fee for the Fund or, if necessary, make payment to the Fund, in an amount equal to the amount by which the “Expenses” of the Fund exceed the percentage of average annual net assets (on an annualized basis) of the Fund as set forth in the table below. “Expenses” means all the expenses of the Fund, excluding (a) taxes, (b) brokerage commissions, (c) interest expense, (d) litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the Fund’s business, (e) advisory fees, (f) Rule 12b-1 fees, (g) transfer agent fees and service fees, (h) blue sky fees, (i) printing and postage, (j) acquired fund fees and expenses paid indirectly, and (k) short dividend expense.

Fund

Limit on Other
Expenses

Expiration Date of
Expense Limit*

Enduring Equity Fund

0.25%

* These fee waivers and/or expense reimbursements are voluntary and may be amended or terminated at any time by the Adviser on notice to the Trust.

H-1

EX-99.77Q1 OTHR EXHB 4 d_classr212b1plan.htm CLASSR212B1PLAN d_classr212b1plan.htm

JOHN HANCOCK FUNDS

CLASS R2 SHARES

DISTRIBUTION PLAN PURSUANT TO RULE 12b-1

December 6, 2011

WHEREAS, each trust listed on Schedule A attached hereto, as such Schedule may be amended from time-to-time to remove or add trusts in the future (collectively, the “Trust”) is an open-end management investment company registered under the Investment Company Act of 1940, as amended (the “1940 Act”), and offers for public sale shares of beneficial interest in one or more series (each series a “Fund”);

WHEREAS, the shares of beneficial interest of each Fund are divided into one or more classes, one of which is designated Class R2;

WHEREAS, the Trust desires to adopt a plan pursuant to Rule 12b-1 under the 1940 Act for each Fund’s Class R2 shares, and the Board of Trustees of the Trust (the “Board”) has determined that there is a reasonable likelihood that adoption of said plan will benefit Class R2 shares of the Fund and the holders thereof; and

WHEREAS, the Trust has entered into a Distribution Agreement with John Hancock Funds, LLC (the “Distributor”) pursuant to which the Distributor has agreed to serve as Distributor of the Class R2 shares of each Fund;

NOW, THEREFORE, the Trust, with respect to the Class R2 shares, hereby adopts this Plan Pursuant to Rule 12b-1 (“Plan”) in accordance with Rule 12b-1 under the 1940 Act on the following terms and conditions:

1. This Plan applies to the Funds listed on Schedule A attached hereto, as such Schedule may be amended from time-to-time to remove or add trusts and/or series in the future.

2. A. Class R2 shares of each Fund shall pay to the Distributor, as compensation for distribution of Class R2 shares and/or for providing services to Class R2 shareholders, a fee at the rate specified for that Fund on Schedule A, such fee to be calculated and accrued and paid daily or at such other intervals as the Board shall determine.

B. The distribution and service fees payable hereunder are payable without regard to the aggregate amount that may be paid over the years, provided that, so long as the limitations set forth in Rule 2830 of the NASD Conduct Rules of the Financial Industry Regulatory Authority (“Rule 2830”) remain in effect and apply to recipients of payments made under this Plan, the amounts paid hereunder shall not exceed those limitations, including permissible interest. Amounts expended in support of the activities described in Paragraph 3.B. of this Plan may be excluded in determining whether expenditures under the Plan exceed the appropriate percentage of new gross assets specified in Rule 2830. Amounts expended in support of the activities described in Paragraph 3.B. of this Plan will not exceed 0.25% of the Fund’s average daily net assets attributable to Class R2 shares.

3. A. As distributor of the Trust’s shares, the Distributor may spend such amounts as it deems appropriate on any activities or expenses primarily intended to result in the sale of Class R2 shares of the Funds, including, but not limited to: (i) compensation to selling firms and others (including affiliates of the Distributor) that engage in or support the sale of Class R2 shares of the Funds; and (ii) marketing, promotional and overhead expenses incurred in connection with the distribution of Class R2 shares of the Funds. The Distributor may use service fees to compensate selling firms and others for providing personal and account maintenance services to shareholders.

B. The Distributor may spend such amounts as it deems appropriate on the administration and servicing of Class R2 shareholder accounts, including, but not limited to, responding to inquiries from shareholders or their representatives requesting information regarding matters such as shareholder account or transaction status, net asset value of shares, performance, services, plans and options, investment policies, portfolio holdings, and distributions and taxation thereof; and dealing with complaints and correspondence of shareholders; including compensation to organizations and employees who service Class R2 shareholder accounts, and expenses of such organizations, including overhead and telephone and other communications expenses.

4. Amounts paid to the Distributor by Class R2 shares of the Fund will not be used to pay the expenses incurred with respect to any other class of shares of the Fund; provided, however, that expenses attributable to the Fund as a whole will be allocated, to the extent permitted by law, according to a formula based upon gross sales dollars and/or average daily net assets of each such class, as may be approved from time to time by a vote of a majority of the Trustees. From time to time, a Fund may participate in joint distribution activities with other Funds and the costs of those activities will be borne by each Fund in proportion to the relative net asset value of each such participating Fund.

5. Each Fund pays, and will continue to pay, a management fee to John Hancock Advisers, LLC (the “Adviser”) pursuant to a management agreement between the Fund and the Adviser. It is recognized that the Adviser may use its management fee revenue, as well as its past profits or its other resources from any other source, to make payments with respect to any expenses incurred in connection with the distribution of Class R2 shares, including the activities referred to in Paragraph 3 above. To the extent that the payment of management fees by the Fund to the Adviser should be deemed to be indirect financing of any activity primarily intended to result in the sale of Class R2 share within the meaning of Rule 12b-1, then such payment shall be deemed to be authorized by this Plan.

6. This Plan shall take effect on December 6, 2011 and shall continue in effect with respect to each Fund for successive periods of one year from its execution for so long as such continuance is specifically approved with respect to such Fund at least annually together with any related agreements, by votes of a majority of both: (a) the Board; and (b) those Trustees who are not “interested persons” of the Trust, as defined in the 1940 Act, and who have no direct or indirect financial interest in the operation of this Plan or any agreements related to it (the “Rule 12b-1 Trustees”), cast in person at a meeting or meetings called for the purpose of voting on this Plan and such related agreements; and only if the Trustees who approve the implementation or continuation of the Plan have reached the conclusion required by Rule 12b-1(e) under the 1940 Act.

7. Any person authorized to direct the disposition of monies paid or payable by a Fund pursuant to this Plan or any related agreement shall provide to the Board, and the Board shall review, at least quarterly, a written report of the amounts so expended and the purposes for which such expenditures were made.

8. This Plan may be terminated without penalty with respect to a Fund at any time: (a) by the vote of a majority of the Board and the Independent Trustees, or by a vote of a majority of the Fund’s outstanding Class R2 shares; or (b) upon 60 days’ written notice to the Distributor. The Distributor may terminate the Plan without penalty with respect to any Fund upon 60 days’ written notice to the Trust.

9. This Plan may not be amended to increase materially the amount of fees to be paid by any Fund hereunder unless such amendment is approved by a vote of a majority of the outstanding securities (as defined in the 1940 Act) of the Class R2 shares of that Fund, and no material amendment to the Plan shall be made unless such amendment is approved in the manner provided in Paragraph 6 hereof for annual approval.

10. While this Plan is in effect, the selection and nomination of Trustees who are not interested persons of the Trust, as defined in the 1940 Act, shall be committed to the discretion of Trustees who are themselves not interested persons.

11. The Trust shall preserve copies of this Plan and any related agreements for a period of not less than six years from the date of expiration of the Plan or agreement, as the case may be, the first two years in an easily accessible place; and shall preserve copies of each report made pursuant to Paragraph 5 hereof for a period of not less than six years from the date of such report, the first two years in an easily accessible place.

(THE REMAINDER OF THIS SPACE HAS BEEN INTENTIONALLY LEFT BLANK)

IN WITNESS WHEREOF, each Trust has executed this Plan Pursuant to Rule 12b-1 as of the day and year set forth below.

EACH TRUST LISTED ON SCHEDULE A ATTACHED HERETO

On behalf of each series of the Trust, as applicable,

By: /s/ Andrew G. Arnott

Name: Andrew G. Arnott

Title: Senior Vice President and

Chief Operating Officer

JOHN HANCOCK FUNDS, LLC

By: /s/ Keith F. Hartstein

Name: Keith F. Hartstein

Title: President and Chief Executive Officer

DATE: December 6, 2011

JOHN HANCOCK FUNDS

CLASS R2 SHARES

PLAN PURSUANT TO RULE 12b-1

SCHEDULE A

Class R2 shares of the following series of the following trusts are subject to this Plan Pursuant to Rule 12b-1, at the annual fee rates specified:

Trust/Series	Fee*
John Hancock Bond Trust
John Hancock Government Income Fund	0.25%
John Hancock High Yield Fund	0.25%
John Hancock Investment Grade Bond Fund	0.25%
John Hancock California Tax-Free Income Fund
John Hancock California Tax-Free Income Fund	0.25%
John Hancock Capital Series
John Hancock Classic Value Fund	0.25%
John Hancock U.S. Global Leaders Growth Fund	0.25%
John Hancock Current Interest
John Hancock Money Market Fund	0.25%
John Hancock Investment Trust
John Hancock Balanced Fund	0.25%
John Hancock Global Opportunities Fund	0.25%
John Hancock Large Cap Equity Fund	0.25%
John Hancock Small Cap Intrinsic Value Fund	0.25%
John Hancock Sovereign Investors Fund	0.25%
John Hancock Investment Trust II
John Hancock Financial Industries Fund	0.25%
John Hancock Regional Bank Fund	0.25%
John Hancock Small Cap Equity Fund	0.25%
John Hancock Investment Trust III
John Hancock Greater China Opportunities Fund	0.25%
John Hancock Municipal Securities Trust
John Hancock High Yield Municipal Bond Fund	0.25%
John Hancock Tax-Free Bond Fund	0.25%

John Hancock Series Trust
John Hancock Mid Cap Equity Fund	0.25%
John Hancock Sovereign Bond Fund
John Hancock Bond Fund	0.25%
John Hancock Strategic Series
John Hancock Strategic Income Fund	0.25%
John Hancock Tax-Exempt Series Fund
John Hancock Massachusetts Tax-Free Income Fund	0.25%
John Hancock New York Tax-Free Income Fund	0.25%

A-1

* Expressed as a Percentage of Average Daily Net Assets of Class R2 shares

DATE: December 6, 2011.

EX-99.77Q1 OTHR EXHB 5 e_classr2serviceplan.htm CLASSR2SERVICEPLAN e_classr2serviceplan.htm

JOHN HANCOCK FUNDS

CLASS R2 SHARES

SERVICE PLAN

December 6, 2011

Article I. This Plan

This Service Plan (the “Plan”) sets forth the terms and conditions on which each trust listed on Schedule A attached hereto, as such Schedule may be amended from time-to-time to remove or add trusts in the future (collectively, the “Trust”) on behalf of each series of the Trust (each a “Fund,” collectively the “Funds”), on behalf of its Class R2 shares, as applicable, will, after the effective date hereof, pay certain amounts to brokers, plan administrators or other intermediaries (“Service Organizations”) for providing certain account administration services to participants in retirement plans that are beneficial owners of such Class R2 shares. Such compensation may be made directly to such Service Organizations or may be paid to John Hancock Funds, LLC (the “Distributor”) to cover payments that the Distributor has made to Service Organizations on behalf of the Funds. This Plan is not intended to compensate Service Organizations for distribution activities or expenses primarily intended to result in the sale of Class R2 shares of the Funds; however, this Plan is being adopted and operated in accordance with Rule 12b-1, as from time to time amended (the “Rule”), under the Investment Company Act of 1940, as amended (the “1940 Act”), in the event that the Plan shall be deemed to constitute the financing of distribution by a Fund of its Class R2 shares.

This Plan applies to the trusts and Funds listed on Schedule A attached hereto, as such Schedule may be amended from time-to-time to remove or add series in the future.

Article II. Services and Payments

Pursuant to the Plan, the Funds may enter into agreements with the Distributor, or with Service Organizations that administer or provide services to retirement plans that purchase Class R2 shares of the Funds (“Service Agreements”). Under such Service Agreements, the Service Organizations may provide, or the Distributor may compensate a Service Organization for providing, one or more of the following services: (a) acting, directly or through an agent, as the shareholder of record and nominee for all plan participants; (b) establishing and maintaining account records for each plan participant who beneficially owns Class R2 shares of a Fund: (c) providing facilities to process orders to purchase, redeem and exchange Class R2 shares on behalf of plan participants, and handle the transmission of funds representing the purchase price or redemption proceeds; and (d) addressing plan participant questions regarding their accounts and a Fund. In the event that the Service Agreement with a Service Organization does not provide for the provision of one or more of the services listed above, including sub-transfer agent or omnibus account services, the Funds may compensate such Service Organization or one of its affiliates for providing such excluded services pursuant to a separate arrangement between the Funds and the Service Organization.

The amount of compensation payable to the Service Organization during any one year for services under a Service Agreement adopted under the Plan with respect to Class R2 shares of a Fund will not exceed 0.25% of the average daily net assets of the Fund attributable to Class R2 shares attributable to such Service Organization. Conflict of interest restrictions (including the Employee Retirement Income Security Act of 1974) may apply to a Service Organization’s receipt of compensation paid by a Fund in connection with the investment of fiduciary funds in Class R2 shares. Service Organizations are urged to consult legal advisers before investing fiduciary assets in Class R2 shares.

Article III. Expenses Borne by the Fund

Notwithstanding any other provision of this Plan, the Trust, and each Fund and its investment adviser, John Hancock Investment Management Services, LLC (the “Adviser”), shall bear the respective expenses to be borne by them under the Investment Advisory Agreement dated July 1, 2009, as from time to time continued and amended (the “Advisory Agreement”), and under the Fund’s current prospectus as it is from time to time in effect.

Article IV. Approval by Trustees, etc.

This Plan and any related Service Agreements shall not take effect until approved by votes, cast in person at a meeting called for the purpose of voting on this Plan or such Service Agreements, of a majority (or whatever greater percentage may, from time to time, be required by Section 12(b) of the 1940 Act or the rules and regulations thereunder) of: (a) all of the Trustees of the Trust; and (b) those Trustees of the Trust who are not “interested persons” of the Fund, as such term may be from time to time defined under the 1940 Act, and have no direct or indirect financial interest in the operation of this Plan or Service Agreements related to it (the “Independent Trustees”).

Article V. Continuance

This Plan and any related Service Agreements shall continue in effect for so long as such continuance is specifically approved at least annually in advance in the manner provided for the approval of this Plan in Article IV.

Article VI. Information

The Distributor shall furnish the Funds and the Board of Trustees quarterly, or at such other intervals as the Funds shall specify, a written report of payments pursuant to this Plan and the purposes for which such expenditures were made and such other information as the Trustees may request.

Article VII. Termination

This Plan may be terminated with respect to a Fund: (a) at any time by vote of a majority of the Trustees, a majority of the Independent Trustees, or a majority of the Fund’s outstanding voting Class R2 shares; or (b) by the Distributor on 60 days’ notice in writing to the Fund.

Article VIII. Agreements

Each agreement with any person relating to implementation of this Plan shall be in writing, and each agreement related to this Plan shall provide:

(a) That, with respect to a Fund, such agreement may be terminated at any time, without payment of any penalty, by vote of a majority of the Independent Trustees or by vote of a majority of the Fund’s then outstanding voting Class R2 shares.

(b) That such agreement shall terminate automatically in the event of its assignment.

Article IX. Amendments

This Plan may not be amended to increase the maximum amount of the fees payable by the Fund hereunder without the approval of a majority of the outstanding voting Class R2 shares of the Fund. No material amendment to the Plan shall, in any event, be effective unless it is approved in the same manner as is provided for approval of this Plan.

Article X. Limitation of Liability

The name “John Hancock Funds III” is the designation of the Trustees under the Amended and Restated Agreement and Declaration of Trust, dated August 12, 2005 as amended and restated from time to time. The Declaration of Trust has been filed with the Secretary of State of the Commonwealth of Massachusetts. The obligations of the Trust and the Funds are not personally binding upon, nor shall resort be had to the private property of, any of the Trustees, shareholders, officers, employees or agents of the Funds, but only the Funds’ property shall be bound. No series of the Trust shall be responsible for the obligations of any other series of the Trust.

(THE REMAINDER OF THIS SPACE HAS BEEN INTENTIONALLY LEFT BLANK)

IN WITNESS WHEREOF, each Trust has executed this Service Plan effective as of the 6^th day of December 2011 in Boston, Massachusetts.

EACH TRUST LISTED ON SCHEDULE A ATTACHED HERETO

On behalf of each series of the Trust, as applicable,

By: /s/Andrew G. Arnott

Name: Andrew G. Arnott

Title: Senior Vice President and

Chief Operating Officer

JOHN HANCOCK FUNDS, LLC

By: /s/Keith F. Hartstein

Name: Keith F. Hartstein

Title: President and Chief Executive Officer

JOHN HANCOCK FUNDS

CLASS R2 SHARES

SERVICE PLAN

SCHEDULE A

Class R2 shares of the following series of the following trusts are subject to this Service Plan, at the annual fee rates specified:

Trust/Series	Fee*
John Hancock Bond Trust
John Hancock Government Income Fund	0.25%
John Hancock High Yield Fund	0.25%
John Hancock Investment Grade Bond Fund	0.25%
John Hancock California Tax-Free Income Fund
John Hancock California Tax-Free Income Fund	0.25%
John Hancock Capital Series
John Hancock Classic Value Fund	0.25%
John Hancock U.S. Global Leaders Growth Fund	0.25%
John Hancock Current Interest
John Hancock Money Market Fund	0.25%
John Hancock Investment Trust
John Hancock Balanced Fund	0.25%
John Hancock Global Opportunities Fund	0.25%
John Hancock Large Cap Equity Fund	0.25%
John Hancock Small Cap Intrinsic Value Fund	0.25%
John Hancock Sovereign Investors Fund	0.25%
John Hancock Investment Trust II
John Hancock Financial Industries Fund	0.25%
John Hancock Regional Bank Fund	0.25%
John Hancock Small Cap Equity Fund	0.25%
John Hancock Investment Trust III
John Hancock Greater China Opportunities Fund	0.25%
John Hancock Municipal Securities Trust
John Hancock High Yield Municipal Bond Fund	0.25%
John Hancock Tax-Free Bond Fund	0.25%

John Hancock Series Trust
John Hancock Mid Cap Equity Fund	0.25%
John Hancock Sovereign Bond Fund
John Hancock Bond Fund	0.25%
John Hancock Strategic Series
John Hancock Strategic Income Fund	0.25%
John Hancock Tax-Exempt Series Fund
John Hancock Massachusetts Tax-Free Income Fund	0.25%
John Hancock New York Tax-Free Income Fund	0.25%

A-1

* Expressed as a Percentage of Average Daily Net Assets of Class R2 shares

DATE: December 6, 2011.

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