John Hancock Tax-Exempt Series Fund
John Hancock New York Tax-Free Income Fund
Supplement dated January 3, 2014 to the current Class A, Class B, and Class C Shares Summary Prospectus of the fund, as may be supplemented from time to time.
Effective February 3, 2014, Class A sales charges of the fund are being reduced as set forth below.
The following amends and restates the information regarding Class A shares presented under the heading “Fees and expenses — Shareholder fees (fees paid directly from your investment)”:
Shareholder fees (fees paid directly from your investment) | Class A |
Maximum front-end sales charge (load) on purchases, as a % of purchase price | 4.00% |
Maximum deferred sales charge (load) as a % of purchase or sale price, whichever is less | 1.00% (on certain purchases, including those of $1 million or more) |
Small account fee (for fund account balances under $1,000) | $20 |
In addition, the following amends and restates the information presented under the heading “Expense example”:
Expenses ($) | Class A |
1 year | 487 |
3 years | 703 |
5 years | 937 |
10 years | 1,607 |
You should read this Supplement in conjunction with the Summary Prospectus and retain it for future reference.