EX-99.(M).3 5 e355603_ex99-m3.htm CLASS R2 SERVICE PLAN

Exhibit 99.(m).3

 

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.

 

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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.

 

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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)

 

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IN WITNESS WHEREOF, each Trust has executed this Service Plan effective as of the 6th 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  

 

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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%

 

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Trust/Series  Fee* 
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%

 

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

 

DATE:  December 6, 2011.

 

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