497K 1 e364386_497k.htm 497K

 

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.