AMENDMENT TO SUB-ADVISORY AGREEMENT
John Hancock Asset Management a division of
Manulife Asset Management (US) LLC
AMENDMENT made as of this 17th
day of May, 2013 to the Sub-Advisory Agreement dated December 31, 2005, as amended (the “Agreement”), among John Hancock Advisers, LLC, a Delaware limited
liability company (the “Adviser”), John Hancock Asset Management a division of Manulife Asset Management (US) LLC (formerly, Sovereign Asset Management, LLC), a Delaware limited liability company (the “Sub-adviser”), and each of the investment
companies that is a signatory to the Agreement. In consideration of the mutual covenants contained herein, the parties agree as follows:
1.
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Section 2.c is amended and restated as follows:
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The Sub-adviser will select brokers, dealers, futures commission merchants and other counterparties to effect all transactions for each Fund, including without
limitation, with respect to transactions in securities, derivatives, foreign currency exchange, commodities and/or any other investments. The Sub-adviser will place all orders with brokers, dealers, counterparties or issuers, and will negotiate
brokerage commissions, spreads and other financial and non-financial terms, as applicable. The Sub-adviser will always seek the best possible price and execution in the circumstances in all transactions. Subject to the foregoing, the Sub-adviser
is directed at all times to seek to execute transactions for each Fund in accordance with its trading policies, as disclosed by the Sub-adviser to the Fund from time to time, but in all cases subject to policies and practices established by the
Fund and described in the applicable Trust’s registration statement. Notwithstanding the foregoing, the Sub-adviser may pay a broker-dealer that provides research and brokerage services a higher spread or commission for a particular transaction
than otherwise might have been charged by another broker-dealer to the extent permitted by Section 28(e) of the Securities Exchange Act of 1934 and by the applicable Trust’s registration statement, if the Sub-adviser determines that the higher
spread or commission is reasonable in relation to the value of the brokerage and research services that such broker-dealer provides, viewed in terms of either the particular transaction or the Sub-adviser’s overall responsibilities with respect to
accounts managed by the Sub-adviser. The Sub-adviser may use for the benefit of the Sub-adviser’s other clients, or make available to companies affiliated with the Sub-adviser or to its directors for the benefit of its clients, any such brokerage
and research services that the Sub-adviser obtains from brokers or dealers.
This Amendment shall become effective upon the later to occur of: (i) approval of the Amendment by the Board of
Trustees of the John Hancock trusts that are a signatory hereto, and (ii) execution of the Amendment.
Except as set forth herein, all provisions of the Agreement shall remain in full force and effect. This Amendment may
be executed in two or more counterparts, each of which shall be deemed to be an original but all of which together shall constitute one and the same Amendment.
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 ADVISERS, LLC
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By:
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/s/Leo Zerilli
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Name:
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Leo Zerilli
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Title:
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Senior Vice President and Chief Investment Officer
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JOHN HANCOCK ASSET MANAGEMENT A DIVISION OF
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MANULIFE ASSET MANAGEMENT (US) LLC
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By:
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/s/Diane R. Landers
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Name:
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Diane R. Landers
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Title:
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Chief Administrative Officer
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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.
on behalf of
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 CURRENT INTEREST
on behalf of
John Hancock Money Market Fund
JOHN HANCOCK INVESTMENT TRUST
on behalf of
John Hancock Balanced Fund
John Hancock Global Opportunities Fund
John Hancock Large Cap Equity Fund
John Hancock Small Cap Intrinsic Value Fund
John Hancock Sovereign Investors Fund
JOHN HANCOCK INVESTMENT TRUST II
on behalf of
John Hancock Financial Industries Fund
John Hancock Regional Bank Fund
John Hancock Small Cap Equity Fund
JOHN HANCOCK MUNICIPAL SECURITIES TRUST
on behalf of
John Hancock High Yield Municipal Bond Fund
John Hancock Tax-Free Bond Fund
JOHN HANCOCK SERIES TRUST
on behalf of
John Hancock Mid Cap Equity Fund
JOHN HANCOCK SOVEREIGN BOND FUND
on behalf of
John Hancock Bond Fund
JOHN HANCOCK STRATEGIC SERIES
on behalf of
John Hancock Income Fund
JOHN HANCOCK TAX-EXEMPT SERIES FUND
on behalf of
John Hancock Massachusetts Tax-Free Income Fund
John Hancock New York Tax-Free Income Fund
JOHN HANCOCK FINANCIAL OPPORTUNITIES FUND
JOHN HANCOCK INCOME SECURITIES TRUST
JOHN HANCOCK INVESTORS TRUST
JOHN HANCOCK PREFERRED INCOME FUND
JOHN HANCOCK PREFERRED INCOME FUND II
JOHN HANCOCK PREFERRED INCOME FUND III
JOHN HANCOCK PREMIUM DIVIDEND FUND
JOHN HANCOCK STRATEGIC DIVERSIFIED INCOME FUND
JOHN HANCOCK TAX-ADVANTAGED DIVIDEND INCOME FUND
Executed on behalf of each Trust and its relevant
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Series referenced above:
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By:
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/s/Hugh McHaffie
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Name:
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Hugh McHaffie
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Title:
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President
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