<SEC-DOCUMENT>0000928816-14-000990.txt : 20140627
<SEC-HEADER>0000928816-14-000990.hdr.sgml : 20140627
<ACCEPTANCE-DATETIME>20140626130803
ACCESSION NUMBER:		0000928816-14-000990
CONFORMED SUBMISSION TYPE:	NSAR-A
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20140430
FILED AS OF DATE:		20140626
DATE AS OF CHANGE:		20140626
EFFECTIVENESS DATE:		20140626

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			JOHN HANCOCK INVESTORS TRUST
		CENTRAL INDEX KEY:			0000759828
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		NSAR-A
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-04173
		FILM NUMBER:		14942106

	BUSINESS ADDRESS:	
		STREET 1:		C/O JOHN HANCOCK FUNDS
		STREET 2:		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:	HANCOCK JOHN INVESTORS TRUST
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>NSAR-A
<SEQUENCE>1
<FILENAME>a_investorstrust.fil
<DESCRIPTION>JOHN HANCOCK INVESTORS TRUST
<TEXT>
<PAGE>      PAGE  1
000 A000000 04/30/2014
000 C000000 0000759828
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 John Hancock Investors Trust
001 B000000 811-4173
001 C000000 6176634497
002 A000000 601 Congress Street
002 B000000 Boston
002 C000000 MA
002 D010000 02210
002 D020000 2805
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 N
007 B000000  0
007 C010100  1
008 A000001 JOHN HANCOCK ADVISERS, LLC
008 B000001 A
008 C000001 801-8124
008 D010001 BOSTON
008 D020001 MA
008 D030001 02210
008 D040001 2805
008 A000002 John Hancock Asset Management
008 B000002 S
008 C000002 801-42023
008 D010002 Boston
008 D020002 MA
008 D030002 02199
010 A000001 JOHN HANCOCK ADVISERS, LLC
010 B000001 801-8124
010 C010001 BOSTON
010 C020001 MA
010 C030001 02210
010 C040001 2805
011 A000001 JOHN HANCOCK FUNDS, LLC
011 B000001 8-43582
011 C010001 BOSTON
011 C020001 MA
011 C030001 02210
011 C040001 2805
012 A000001 Computershare Shareowner Services, LLC
012 B000001 84-5579
<PAGE>      PAGE  2
012 C010001 Jersey City
012 C020001 NJ
012 C030001 07310
012 C040001 1900
013 A000001 PRICEWATERHOUSECOOPERS LLP
013 B010001 BOSTON
013 B020001 MA
013 B030001 02110
014 A000001 SIGNATOR INVESTORS, INC.
014 B000001 8-13995
014 A000002 JOHN HANCOCK FUNDS, LLC
014 B000002 8-43582
015 A000001 STATE STREET BANK AND TRUST COMPANY
015 B000001 S
015 C010001 BOSTON
015 C020001 MA
015 C030001 02105
015 E040001 X
015 A000002 CITIBANK
015 B000002 S
015 C010002 BUENOS AIRES
015 D010002 ARGENTINA
015 E040002 X
015 A000003 CITIGROUP PTY. LTD
015 B000003 S
015 C010003 MELBOURNE
015 D010003 AUSTRALIA
015 E050003 X
015 A000004 Unicredit Bank Austria
015 B000004 S
015 C010004 Vienna
015 D010004 Austria
015 E040004 X
015 A000005 HSBC BANK MIDDLE EAST
015 B000005 S
015 C010005 MANAMA
015 D010005 BAHRAIN
015 E040005 X
015 A000006 Standard Chartered Bank
015 B000006 S
015 C010006 Dhaka
015 D010006 Bangladesh
015 E040006 X
015 A000007 Deutsche Bank AG
015 B000007 S
015 C010007 Brussels
015 D010007 Belgium
015 E040007 X
015 A000008 HSBC Bank Bermuda Limited
015 B000008 S
015 C010008 Hamilton
<PAGE>      PAGE  3
015 D010008 Bermuda
015 E040008 X
015 A000009 CITIBANK, N.A
015 B000009 S
015 C010009 SAO PAULO
015 D010009 BRAZIL
015 D020009 01311
015 E040009 X
015 A000010 ING BANK N.V.
015 B000010 S
015 C010010 SOFIA
015 D010010 BULGARIA
015 E040010 X
015 A000011 UNICREDIT BULBANK AD
015 B000011 S
015 C010011 SOFIA
015 D010011 BULGARIA
015 E040011 X
015 A000012 State Street Trust Co Canada
015 B000012 S
015 C010012 Toronto
015 D010012 Canada
015 E040012 X
015 A000013 Banco Itau Chile
015 B000013 S
015 C010013 Santiago
015 D010013 Chile
015 E040013 X
015 A000014 HSBC Bank (China) Company Limited
015 B000014 S
015 C010014 Shenzhen
015 D010014 China
015 E040014 X
015 A000015 Cititrust Colombia S.A Sociedad Fiduciaria
015 B000015 S
015 C010015 Bogota
015 D010015 Colombia
015 E040015 X
015 A000016 BANCO BCT S.A.
015 B000016 S
015 C010016 SAN JOSE
015 D010016 COSTA RICA
015 E040016 X
015 A000017 PRIVREDA BANKA ZAGREB D.D.
015 B000017 S
015 C010017 ZAGREB
015 D010017 CROATIA
015 E040017 X
015 A000018 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B000018 S
015 C010018 PRAGUE
<PAGE>      PAGE  4
015 D010018 CZECH REPUBLIC
015 E040018 X
015 A000019 UNICREDIT BANK CZECH REPUBLIC A S
015 B000019 S
015 C010019 PRAGUE
015 D010019 CZECH REPUBLIC
015 E040019 X
015 A000020 SKANDINAVINSKA ENSKILDA BANKEN AB
015 B000020 S
015 C010020 COPENHAGEN
015 D010020 DENMARK
015 E040020 X
015 A000021 Banco de la Produccion S.A.
015 B000021 S
015 C010021 Quito
015 D010021 Ecuador
015 E040021 X
015 A000022 HSBC Bank Egypt S.A.E.
015 B000022 S
015 C010022 Cairo
015 D010022 Egypt
015 E040022 X
015 A000023 AS SEB Pank
015 B000023 S
015 C010023 Tallin
015 D010023 Estonia
015 E040023 X
015 A000024 SKANDINAVISKA ENKLIDA BANKEN
015 B000024 S
015 C010024 HELSINKI
015 D010024 FINLAND
015 E040024 X
015 A000025 Deutsche Bank AG
015 B000025 S
015 C010025 Amsterdam
015 D010025 France
015 E040025 X
015 A000026 DEUTSCHE BANK AG
015 B000026 S
015 C010026 Eschborn
015 D010026 GERMANY
015 E040026 X
015 A000027 Standard Chartered Bank, Ghana
015 B000027 S
015 C010027 Accra
015 D010027 Ghana
015 E040027 X
015 A000028 BNP Paribas Security Services, S.A.
015 B000028 S
015 C010028 Athens
015 D010028 Greece
<PAGE>      PAGE  5
015 E040028 X
015 A000029 STANDARD CHARTERED BANK (HONG KONG) LTD.
015 B000029 S
015 C010029 Kwun Tong
015 D010029 HONG KONG
015 E040029 X
015 A000030 UniCredit Bank Hungary Zrt.
015 B000030 S
015 C010030 Budapest
015 D010030 Hungary
015 E040030 X
015 A000031 Deutsche Bank AG
015 B000031 S
015 C010031 Mumbai
015 D010031 India
015 E040031 X
015 A000032 The Hong Kong & Shanghai Banking Corp. Ltd.
015 B000032 S
015 C010032 Mumbai
015 D010032 India
015 E040032 X
015 A000033 Deutsche Bank  AG
015 B000033 S
015 C010033 JAKARTA
015 D010033 INDONESIA
015 E040033 X
015 A000034 Bank Hapoalim B.M.
015 B000034 S
015 C010034 Tel Aviv
015 D010034 Israel
015 E040034 X
015 A000035 Deusche Bank SpA
015 B000035 S
015 C010035 Milan
015 D010035 Italy
015 E040035 X
015 A000036 MIZUHO CORPORATE BANK LTD.
015 B000036 S
015 C010036 TOKYO
015 D010036 JAPAN
015 E040036 X
015 A000037 HSBC Bank Middle East Limited
015 B000037 S
015 C010037 Western Amman
015 D010037 Jordan
015 E040037 X
015 A000038 SB HSBC Bank Kazakhstan JSC
015 B000038 S
015 C010038 Almaty
015 D010038 Kazakhstan
015 E040038 X
<PAGE>      PAGE  6
015 A000039 Standard Chartered Bank Kenya Limited
015 B000039 S
015 C010039 Nairobi
015 D010039 Kenya
015 E040039 X
015 A000040 Deutsche Bank AG
015 B000040 S
015 C010040 Seoul
015 D010040 Korea
015 E040040 X
015 A000041 HSBC Bank Middle East, Kuwait
015 B000041 S
015 C010041 Safat
015 D010041 Kuwait
015 E040041 X
015 A000042 AS SEB Bankas
015 B000042 S
015 C010042 Vilnius
015 D010042 Lithuania
015 E040042 X
015 A000043 STANARD CHARTERED BANK MALAYSIA BERHAD
015 B000043 S
015 C010043 KUALA LUMPUR
015 D010043 MALAYSIA
015 E040043 X
015 A000044 Hong Kong Shanghai Banking Corp., Ltd.
015 B000044 S
015 C010044 Qormi
015 D010044 Malta
015 E040044 X
015 A000045 HONG KONG SHANGHAI BANKING CORP.
015 B000045 S
015 C010045 PORT LOUIS
015 D010045 MAURITIUS
015 E040045 X
015 A000046 BANCO NACIONAL DE MEXICO
015 B000046 S
015 C010046 MEXICO CITY
015 D010046 MEXICO
015 E040046 X
015 A000047 Citibank Maghreb
015 B000047 S
015 C010047 Casablanca
015 D010047 Morocco
015 E040047 X
015 A000048 STANBIC BANK NAMBIA LIMITED
015 B000048 S
015 C010048 WINDHOEK
015 D010048 NAMIBIA
015 E040048 X
015 A000049 Deutsche Bank AG
<PAGE>      PAGE  7
015 B000049 S
015 C010049 Amsterdam
015 D010049 Netherlands
015 E040049 X
015 A000050 The Hong Kong & Shanghai Bank Corp.
015 B000050 S
015 C010050 Auckland
015 D010050 New Zealand
015 E040050 X
015 A000051 Stanbic IBTC Bank Plc.
015 B000051 S
015 C010051 Lagos
015 D010051 Nigeria
015 E040051 X
015 A000052 Skandinaviska Enskilda Banken AB
015 B000052 S
015 C010052 Oslo
015 D010052 Norway
015 E040052 X
015 A000053 HSBC Bank Middle East Limited
015 B000053 S
015 C010053 Muscat
015 D010053 Oman
015 E040053 X
015 A000054 Deutsche Bank AG
015 B000054 S
015 C010054 Karachi
015 D010054 Pakistan
015 E040054 X
015 A000055 HSBC Middle East Limited
015 B000055 S
015 C010055 Ramallah
015 D010055 Palestine
015 E040055 X
015 A000056 Citibank del Peru S.A.
015 B000056 S
015 C010056 Lima
015 D010056 Peru
015 E040056 X
015 A000057 Deutsche Bank AG
015 B000057 S
015 C010057 Makati City
015 D010057 Philippines
015 E040057 X
015 A000058 BANK HANDLOWY W WARSZAWIE S.A.
015 B000058 S
015 C010058 WARSAW
015 D010058 POLAND
015 E040058 X
015 A000059 BNP PARIBAS SECURITIES SERVICES S.A.
015 B000059 S
<PAGE>      PAGE  8
015 C010059 LISBOA
015 D010059 PORTUGAL
015 E040059 X
015 A000060 Citibank, N.A.
015 B000060 S
015 C010060 San Juan
015 C020060 PR
015 C030060 00901
015 E040060 X
015 A000061 HSBC Bank Middle East Limited
015 B000061 S
015 C010061 Doha
015 D010061 Qatar
015 E040061 X
015 A000062 ING BANK N.V.
015 B000062 S
015 C010062 BUCHAREST
015 D010062 ROMANIA
015 E040062 X
015 A000063 ING Bank (Euroasia) ZAO
015 B000063 S
015 C010063 Moscow
015 D010063 Russia
015 E040063 X
015 A000064 UniCredit Bank Serbia JSC
015 B000064 S
015 C010064 Belgrade
015 D010064 Serbia
015 E040064 X
015 A000065 CITIBANK N.A.
015 B000065 S
015 C010065 SINGAPORE
015 D010065 SINGAPORE
015 E040065 X
015 A000066 UNITED OVERSEAS BANK LTD.
015 B000066 S
015 C010066 SINGAPORE
015 D010066 SINGAPORE
015 E040066 X
015 A000067 UNICREDIT BANK  SLOVAKIA A.S.
015 B000067 S
015 C010067 BRATISLAVA
015 D010067 SLOVAKIA
015 E040067 X
015 A000068 UNICREDIT BANK SLOVENIJA D.D.
015 B000068 S
015 C010068 LJUBLJANA
015 D010068 SLOVENIA
015 E040068 X
015 A000069 THE STANDARD BANK OF SOUTH AFRICA LIMITED
015 B000069 C
<PAGE>      PAGE  9
015 C010069 CAPE TOWN
015 D010069 SOUTH AFRICA
015 E040069 X
015 A000070 Deutsche Bank S.A.E.
015 B000070 S
015 C010070 Madrid
015 D010070 Spain
015 E040070 X
015 A000071 The Hong Kong & Shanghai Bank Corp.
015 B000071 S
015 C010071 Colombo
015 D010071 Sri Lanka
015 E040071 X
015 A000072 STANDARD BANK SWAZILAND LIMITED
015 B000072 S
015 C010072 MBABANE
015 D010072 SWAZILAND
015 E040072 X
015 A000073 SKANDINAVINSKA ENSKILDA BANKEN AB
015 B000073 S
015 C010073 STOCKHOLM
015 D010073 SWEDEN
015 E040073 X
015 A000074 Credit Suisse
015 B000074 S
015 C010074 Zurich
015 D010074 Switzerland
015 E040074 X
015 A000075 Deutsche Bank
015 B000075 S
015 C010075 Taipei
015 D010075 Taiwan
015 E040075 X
015 A000076 STANDARD CHARTERED BANK/BANGKOK BANK PUBLIC
015 B000076 S
015 C010076 BANGKOK
015 D010076 THAILAND
015 E040076 X
015 A000077 REPUBLIC BANK LIMITED
015 B000077 S
015 C010077 PORT OF SPAIN
015 D010077 TRINIDAD & TOBAGO
015 E040077 X
015 A000078 BANQUE INTERNATIONALE ARABE DE TUNISIE
015 B000078 S
015 C010078 TUNIS
015 D010078 TUNISIA
015 E040078 X
015 A000079 CITIBANK, A.S.
015 B000079 S
015 C010079 ISTANBUL
<PAGE>      PAGE  10
015 D010079 TURKEY
015 E040079 X
015 A000080 Standard Chartered Bank Uganda Limited
015 B000080 S
015 C010080 Kampala
015 D010080 Uganda
015 E040080 X
015 A000081 ING BANK
015 B000081 S
015 C010081 KIEV
015 D010081 UKRAINE
015 E040081 X
015 A000082 HSBC Bank Middle East Limited
015 B000082 S
015 C010082 Dubai (ADX)
015 D010082 United Arab Emirates
015 E040082 X
015 A000083 HSBC Bank Middle East Limited
015 B000083 S
015 C010083 Dubai (DFM)
015 D010083 United Arab Emirates
015 E040083 X
015 A000084 HSBC Bank Middle East Limited
015 B000084 S
015 C010084 Dubai (DIFC)
015 D010084 United Arab Emirates
015 E040084 X
015 A000085 STATE STREET BANK AND TRUST COMPANY
015 B000085 S
015 C010085 LONDON
015 D010085 UNITED KINGDOM
015 E040085 X
015 A000086 BANCO ITAU URUGUAY
015 B000086 S
015 C010086 MONTEVIDEO
015 D010086 URUGUAY
015 E040086 X
015 A000087 Citibank, N.A.
015 B000087 S
015 C010087 Caracas
015 D010087 Venezuela
015 E040087 X
015 A000088 HSBC Bank Ltd.
015 B000088 S
015 C010088 Ho Chi  Minh City
015 D010088 Vietnam
015 E040088 X
015 A000089 Standard Chartered bank Cote d'Ivoire
015 B000089 S
015 C010089 Aibidjan
015 D010089 Benin
<PAGE>      PAGE  11
015 E040089 X
015 A000090 Standard Chartered Bank Cote d'Ivoire S.A.
015 B000090 S
015 C010090 Ouagadougou
015 D010090 Burkina Faso
015 E040090 X
015 A000091 Standard Chartered Bank Cote d'Ivoire
015 B000091 S
015 C010091 Yamoussoukro
015 D010091 Ivory Coast
015 E040091 X
015 A000092 Standard Chartered Bank Cote d'Ivoire S.A.
015 B000092 S
015 C010092 Bamako
015 D010092 Mail
015 E040092 X
015 A000093 Standard Chartered Bank Cote d'Ivoire S.A.
015 B000093 S
015 C010093 Niamey
015 D010093 Niger
015 E040093 X
015 A000094 Standard Chartered Bank Cote d'Ivoire S.A.
015 B000094 S
015 C010094 Dakar
015 D010094 Senegal
015 E040094 X
015 A000095 Standard Chartered Bank Cote d'Ivoire S.A.
015 B000095 S
015 C010095 Lome
015 D010095 Togo
015 E040095 X
015 A000096 Stanbic Bank Zimbabwe Limited
015 B000096 S
015 C010096 Harare
015 D010096 Zimbabwe
015 E040096 X
015 A000097 STANDARD CHARTERED BANK COTE D'Ivoire
015 B000097 S
015 C010097 Bissau
015 D010097 Guinea-Bissau
015 E040097 X
015 A000098 Standard Chartered Bank Botswana Ltd.
015 B000098 S
015 C010098 Gaborone
015 D010098 Botswana
015 E020098 X
015 A000099 STANDARD CHARTERED BANK
015 B000099 S
015 C010099 MANILA
015 D010099 PHILIPPINES
015 E040099 X
<PAGE>      PAGE  12
018  000000 Y
019 A000000 Y
019 B000000  218
019 C000000 JOHNHANCOC
021  000000        0
022 A000001 STATE STREET CORP.
022 B000001 04-2456637
022 C000001    148676
022 D000001         0
022 A000002 JP MORGAN CHASE
022 B000002 13-3224016
022 C000002     18832
022 D000002      9834
022 A000003 BANK OF AMERICA CORP
022 B000003 94-1687665
022 C000003      8728
022 D000003      9689
022 A000004 MORGAN STANLEY & CO., INC
022 B000004 13-2655998
022 C000004      6858
022 D000004      7107
022 A000005 CITIGROUP, INC.
022 B000005 52-1568099
022 C000005      7846
022 D000005      5201
022 A000006 GOLDMAN SACHS & CO.
022 B000006 13-5108880
022 C000006      5759
022 D000006      7227
022 A000007 CREDIT SUISSE FIRST BOSTON
022 B000007 13-3312778
022 C000007      4833
022 D000007      3127
022 A000008 BARCLAYS BANK PLC
022 B000008 13-3551367
022 C000008      5573
022 D000008      1967
022 A000009 Deutsche Bank Securities, Inc.
022 B000009 13-2730828
022 C000009      5324
022 D000009      2026
022 A000010 RBC DOMINION
022 B000010 13-5033225
022 C000010      3428
022 D000010      2936
023 C000000     229252
023 D000000      66655
024  000000 Y
025 A000001 JP MORGAN CHASE
025 B000001 13-3224016
025 C000001 D
<PAGE>      PAGE  13
025 D000001    3636
025 A000002 MORGAN STANLEY & CO., INC
025 B000002 13-2655998
025 C000002 D
025 D000002    2704
025 A000003 GOLDMAN SACHS & CO.
025 B000003 13-5108880
025 C000003 D
025 D000003    3755
025 A000004 BARCLAYS BANK PLC
025 B000004 13-3551367
025 C000004 D
025 D000004     265
025 A000005 Deutsche Bank Securities, Inc.
025 B000005 13-2730828
025 C000005 D
025 D000005     466
025 A000006 STATE STREET CORP.
025 B000006 04-2456637
025 C000006 D
025 D000006    9053
026 A000000 Y
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 N
028 A010000         0
028 A020000         0
028 A030000         0
028 A040000         0
028 B010000         0
028 B020000         0
028 B030000         0
028 B040000         0
028 C010000         0
028 C020000         0
028 C030000         0
028 C040000         0
028 D010000         0
028 D020000         0
028 D030000         0
028 D040000         0
028 E010000         0
028 E020000         0
028 E030000         0
028 E040000         0
<PAGE>      PAGE  14
028 F010000         0
028 F020000         0
028 F030000         0
028 F040000         0
028 G010000         0
028 G020000         0
028 G030000         0
028 G040000         0
028 H000000         0
030 A000000      0
030 B000000  0.00
030 C000000  0.00
031 A000000      0
031 B000000      0
032  000000      0
033  000000      0
035  000000      0
036 B000000      0
038  000000      0
042 A000000   0
042 B000000   0
042 C000000   0
042 D000000   0
042 E000000   0
042 F000000   0
042 G000000   0
042 H000000   0
043  000000      0
044  000000      0
045  000000 Y
046  000000 N
047  000000 Y
048  000000  0.000
048 A010000   150000
048 A020000 0.650
048 B010000    50000
048 B020000 0.375
048 C010000   100000
048 C020000 0.350
048 D010000        0
048 D020000 0.000
048 E010000        0
048 E020000 0.000
048 F010000        0
048 F020000 0.000
048 G010000        0
048 G020000 0.000
048 H010000        0
048 H020000 0.000
048 I010000        0
048 I020000 0.000
<PAGE>      PAGE  15
048 J010000        0
048 J020000 0.000
048 K010000   300000
048 K020000 0.300
049  000000 N
050  000000 N
051  000000 N
052  000000 N
053 A000000 N
054 A000000 Y
054 B000000 Y
054 C000000 N
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 Y
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 N
054 M000000 Y
054 N000000 N
054 O000000 N
055 A000000 N
055 B000000 Y
056  000000 Y
057  000000 N
058 A000000 N
059  000000 Y
060 A000000 Y
060 B000000 Y
061  000000        0
062 A000000 Y
062 B000000   0.0
062 C000000   0.0
062 D000000   5.2
062 E000000   0.0
062 F000000   0.0
062 G000000   0.0
062 H000000   0.0
062 I000000   0.0
062 J000000   0.0
062 K000000   0.0
062 L000000   0.0
062 M000000   5.5
062 N000000  13.9
062 O000000   0.0
062 P000000 113.7
062 Q000000   8.9
062 R000000   0.5
<PAGE>      PAGE  16
063 A000000   0
063 B000000  6.0
064 A000000 N
064 B000000 Y
065  000000 N
066 A000000 N
067  000000 N
068 A000000 N
068 B000000 N
069  000000 N
070 A010000 Y
070 A020000 Y
070 B010000 Y
070 B020000 N
070 C010000 Y
070 C020000 N
070 D010000 Y
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 Y
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 Y
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 Y
070 K010000 Y
070 K020000 N
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 N
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 Y
070 P010000 Y
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 Y
070 R020000 N
071 A000000     93759
071 B000000     98623
071 C000000    254765
071 D000000   37
072 A000000  6
<PAGE>      PAGE  17
072 B000000     8138
072 C000000       36
072 D000000        0
072 E000000        0
072 F000000      679
072 G000000       23
072 H000000        0
072 I000000       40
072 J000000       13
072 K000000        0
072 L000000       32
072 M000000       21
072 N000000        8
072 O000000        0
072 P000000      279
072 Q000000        0
072 R000000       26
072 S000000       42
072 T000000        0
072 U000000        0
072 V000000        0
072 W000000       23
072 X000000     1186
072 Y000000        0
072 Z000000     6988
072AA000000     1797
072BB000000        0
072CC010000      640
072CC020000        0
072DD010000     7171
072DD020000        0
072EE000000        0
073 A010000   0.8194
073 A020000   0.0000
073 B000000   0.0000
073 C000000   0.0000
074 A000000      646
074 B000000     9053
074 C000000        0
074 D000000   249517
074 E000000      969
074 F000000        0
074 G000000        0
074 H000000        0
074 I000000        0
074 J000000     1607
074 K000000        0
074 L000000     3812
074 M000000      174
074 N000000   265778
074 O000000     3126
<PAGE>      PAGE  18
074 P000000        7
074 Q000000        0
074 R010000        0
074 R020000        0
074 R030000        0
074 R040000    86981
074 S000000        0
074 T000000   175664
074 U010000     8776
074 U020000        0
074 V010000    20.01
074 V020000     0.00
074 W000000   0.0000
074 X000000     1765
074 Y000000      280
075 A000000        0
075 B000000   173042
076  000000    20.24
077 A000000 Y
077 B000000 N
077 C000000 Y
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078  000000 N
080 C000000        0
081 B000000   0
082 B000000        0
083 B000000        0
084 B000000        0
086 A010000     14
086 A020000    293
086 B010000     12
086 B020000    237
086 C010000      0
086 C020000      0
086 D010000      0
086 D020000      0
<PAGE>      PAGE  19
086 E010000      0
086 E020000      0
086 F010000      0
086 F020000      0
087 A010000 John Hancock Investors Trust
087 A020000 410142103
087 A030000 JHI
088 A000000 N
088 B000000 N
088 C000000 N
088 D000000 N
SIGNATURE   SALVATORE SCHIAVONE
TITLE       TREASURER

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77C VOTES
<SEQUENCE>2
<FILENAME>b_meeting77c.htm
<DESCRIPTION>SHAREHOLDER MEETING
<TEXT>

<HTML>
<HEAD>
   <TITLE>b_meeting77c.htm</TITLE>
</HEAD>

<BODY bgcolor="#ffffff">
<a name="page_1"></a><a name="_bclPageBorder1"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader1"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Ex NSAR
Item 77C: Submission of matters to a vote of security holders</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>




<p style="margin:0in;margin-bottom:.0001pt;"><font face=frutiger-bold lang=EN-US style="font-size:12.0pt;">JHI</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face=frutiger-bold lang=EN-US style="font-size:12.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:14.0pt;">Shareholder meeting</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face=frutiger-bold lang=EN-US style="font-size:12.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">The fund held its Annual Meeting of Shareholders on February
18, 2014. The following proposal was considered by the shareholders:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Proposal:</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> Election of twelve (12) Trustees to serve
until their respective successors have been duly elected and qualified. Each
Trustee was re-elected by the fund&#8217;s shareholders and the votes cast with
respect to each Trustee are set forth below.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border:none;border-collapse:collapse;margin-left:5.4pt;width:80%;">
 <tr style="height:4.0pt;">
  <td valign=top width=48% style="border:solid windowtext 1.0pt;height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=26% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">Votes For</font></p>
  </td>
 <td valign=top width=26% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:4.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">Votes Withheld</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=48% style="border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:12.0pt;">Independent Trustees</font></b></p>
  </td>
 <td valign=top width=26% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=26% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=48% style="border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">Charles L. Bardelis</font></p>
  </td>
 <td valign=top width=26% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">6,396,462.667</font></p>
  </td>
 <td valign=top width=26% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">156,123.494</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=48% style="border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">Peter S. Burgess</font></p>
  </td>
 <td valign=top width=26% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">6,407,212.060</font></p>
  </td>
 <td valign=top width=26% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">145,374.101</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=48% style="border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">William H. Cunningham</font></p>
  </td>
 <td valign=top width=26% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">6,407,345.933</font></p>
  </td>
 <td valign=top width=26% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">145,240.228</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=48% style="border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">Grace K. Fey</font></p>
  </td>
 <td valign=top width=26% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">6,408,027.601</font></p>
  </td>
 <td valign=top width=26% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">144,558.560</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=48% style="border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">Theron S. Hoffman</font></p>
  </td>
 <td valign=top width=26% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">6,395,958.777</font></p>
  </td>
 <td valign=top width=26% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">156,627.384</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=48% style="border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">Deborah C. Jackson</font></p>
  </td>
 <td valign=top width=26% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">6,397,266.835</font></p>
  </td>
 <td valign=top width=26% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">155,319.326</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=48% style="border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">Hassell H. McClellan</font></p>
  </td>
 <td valign=top width=26% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">6,402,251.096</font></p>
  </td>
 <td valign=top width=26% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">150,335.065</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=48% style="border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">James M. Oates</font></p>
  </td>
 <td valign=top width=26% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">6,393,319.763</font></p>
  </td>
 <td valign=top width=26% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">159,266.398</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=48% style="border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">Steven R. Pruchansky</font></p>
  </td>
 <td valign=top width=26% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">6,386,058.605</font></p>
  </td>
 <td valign=top width=26% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">166,527.556</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=48% style="border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">Gregory A. Russo</font></p>
  </td>
 <td valign=top width=26% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">6,402,802.892</font></p>
  </td>
 <td valign=top width=26% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">149,783.269</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=48% style="border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" style="font-size:12.0pt;">Non-Independent Trustees</font></b></p>
  </td>
 <td valign=top width=26% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=26% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=48% style="border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">Craig Bromley</font></p>
  </td>
 <td valign=top width=26% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">6,404,420.974</font></p>
  </td>
 <td valign=top width=26% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">148,165.187</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=48% style="border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">Warren A. Thomson</font></p>
  </td>
 <td valign=top width=26% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">6,389,881.508</font></p>
  </td>
 <td valign=top width=26% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:12.0pt;">162,704.653</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





<a name="_bclFooter5"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





</div>
</BODY>

</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77Q1 OTHR EXHB
<SEQUENCE>3
<FILENAME>c_jhaservicesagrmt010114.htm
<DESCRIPTION>2014_01_01_JHA_SERVICES_AGREEMENT_(1_1_14)
<TEXT>

<HTML>
<HEAD>
   <TITLE>c_jhaservicesagrmt010114.htm</TITLE>
</HEAD>

<BODY bgcolor="#ffffff">
<a name="page_1"></a><a name="_bclPageBorder1"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader1"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin-bottom:24.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.25pt;">SERVICE AGREEMENT</font></b></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-justify:inter-ideograph;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">THIS AGREEMENT</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> (the &#8220;Agreement&#8221;) is made as of this 1st
day of January, 2014, by and between the trusts listed in Appendix A (the
&#8220;Trusts&#8221;), on behalf of themselves and each of their funds (except as noted)
(the &#8220;Funds&#8221;) and John Hancock Advisers, LLC (&#8220;John Hancock&#8221;).</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-justify:inter-ideograph;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">WHEREAS</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">, each Trust desires to retain John Hancock to
provide certain services to the Trust and the Funds as described below; and
John Hancock is willing to provide such services in the manner and on the terms
hereinafter set forth.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-justify:inter-ideograph;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">NOW, THEREFORE</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">, each Trust and John Hancock hereby agree
as follows:</font></p>

<h1 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;text-justify:inter-ideograph;"><b><font color=windowtext face="times new roman bold" style="font-size:12.0pt;">1.</font></b><b><font color=windowtext face="times new roman" style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><u><font color=black face="Times New Roman" style="font-size:12.0pt;">Services</font></u></b><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">.&#160; Subject to the general supervision
of the Boards of Trustees of the Trusts (the &#8220;Boards of Trustees&#8221;), John
Hancock will provide (a) to the Trusts and each of the Funds the services set
forth below, and (b) to each of the Funds (if any) that is identified in
Appendix B as a feeder fund (&#8220;Feeder Fund&#8221;) that invests substantially all of
its assets in a corresponding master fund (&#8220;Master Fund&#8221;) having substantially
similar investment objectives and policies, such additional services and
functions set forth below, as are reasonably necessary for the operation of the
Trusts and each Fund (&#8220;Services&#8221;).&#160; The Services, to the extent not required to
be performed by John Hancock pursuant to an investment advisory agreement with
respect to a Fund, include, but are not limited to:</font></h1>

<h2 style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">A.</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Legal services as follows:</font></h2>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(1)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Maintenance of each Fund&#8217;s registration statement and federal and
state registration;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(2)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Preparation of certain notices and proxy materials furnished to
shareholders of the Funds;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(3)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Preparation of periodic reports of each Fund to regulatory
authorities, including Form N-SAR and Rule 24f-2 legal opinions;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(4)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Preparation of materials in connection with meetings of the Board
of Trustees;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(5)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Preparation of written contracts, distributions plans, compliance
procedures, corporate and trust documents and other legal documents;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(6)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Research advice and consultation about certain legal, regulatory
and compliance issues;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(7)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Supervision, coordination and evaluation of certain services
provided by outside counsel; and</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(8)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Responses to subpoenas and appropriate information requests for
shareholder records.</font></h3>

<h2 style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">B.</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Tax Services as follows:</font></h2>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(1)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Arranging for, or participating in, the preparation of all
required tax returns for the Funds;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(2)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Review of required Fund distributions for excise, fiscal year-end
and calendar year-end;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(3)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Preparation of Fund tax returns;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;">&nbsp;</h3>
<a name="_bclFooter1"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">BOS-3367109</font><font style=""><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&#160; &nbsp;</font></font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">v1</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> &nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_2"></a><a name="_bclPageBorder2"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader2"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





</DIV>
<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(4)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Review of &#8220;complex&#8221; securities purchased by the Funds;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(5)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Preparation of tax information that is included in a Fund&#8217;s Form
1099-DIV;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(6)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Preparation of financial statement tax adjustments and
disclosures for the Funds;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(7)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Monitoring regulatory compliance with applicable IRS rules and
regulations;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(8)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Preparation of tax provisions for excise, fiscal year-end and
calendar yearend;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(9)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Analysis and consultation regarding certain tax matters; and</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(10)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Review of final distributions relating to Fund mergers.</font></h3>

<h2 style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">C.</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Accounting Services as follows:</font></h2>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(1)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Preparation of expense budgets for the Funds;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(2)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Review of each Fund&#8217;s net asset value on a daily basis;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(3)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Review of security lending income of the Funds;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(4)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Review of commission recapture income of the Funds;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(5)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Calculation of expense information included in Fund registration
statements;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(6)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Monitoring of Fund expense caps and waivers;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(7)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Review of Fund expenses and authorization for disbursement;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(8)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Assessment and review of internal controls for the Funds;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(9)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Review of &#8220;complex&#8221; securities and country openings by the Funds;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(10)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Preparation of financial statements and other documents for
specific Fund transactions such as mergers;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(11)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Review and preparation of materials for Board of Trustee
meetings;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(12)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Preparation of Fund dividend distributions;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(13)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Analysis and disposition of pricing errors; and</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(14)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Coordination and preparation of Board materials;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(15)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Development of Accounting Policies;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(16)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Review of contractual covenants and coordination of de-leveraging
events; associated with Closed End Fund lines of credit;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(17)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Support and coordination around internal and external audits;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(18)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Review of financing breakeven analysis for Closed End Funds;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(19)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Review of cash and securities regulations and aged exception
items;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(20)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Review monthly custodian Operations Report and conduct monthly
onsite risk reviews;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(21)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Review Fund prospectuses;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(22)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Completion and review of 12b-1 expense cap calculations;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(23)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Oversight of Blue Sky filings; and</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(24)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Preparation of 24F-2 filings.</font></h3>

<h2 style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">D.</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Valuation as follows:</font></h2>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(1)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Development and maintenance of pricing policies and procedures
for the Funds;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(2)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Daily review of Fund market risk including development of reports
to identify market risk;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(3)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Monitoring for Fund securities where trading has been suspended
or markets are closed;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(4)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Development and maintenance of controls relating to valuation of
Fund securities;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;">&nbsp;</h3>
<a name="_bclFooter2"></a><DIV>





<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">2</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_3"></a><a name="_bclPageBorder3"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader3"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





</DIV>
<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(5)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Preparation of reports relating to the fair valuation of
securities for Board of Trustee meetings;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(6)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Conducting Pricing Committee meetings as needed and assist in the
determination of fair valuation of securities;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(7)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Review of pricing vendors, including onsite visits;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(8)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Prepare materials for monthly Pricing Committee meetings;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(9)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Monitor for significant events;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(10)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Analyze fair value prices to market open;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(11)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Periodically evaluate trigger levels; and</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(12)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Document fair value decisions.</font></h3>

<h2 style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">E.</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Financial Reporting and Performance as follows:</font></h2>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(1)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">the preparation of financial data or reports required by the
Securities and Exchange Commission or other regulatory authorities including
the preparation of semi-annual and annual reports for the Funds;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(2)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Preparation of Form N-CSR, Form N-Q, Form N-SAR and 24f-2 notices
for the Funds;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(3)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Coordination of external audits for the Funds;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(4)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Review of the investment performance of the Funds, including
performance attribution, and preparation of reports relating to such
performance;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(5)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Maintain the Funds&#8217; GAAP reporting policies;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(6)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Assist the Funds&#8217; Audit Committees in annual fee proposals and
monitor auditor independence;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(7)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Administer and review the pre-approval process for the Funds&#8217;
auditors regarding non-audit securities engagements;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(8)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Coordinate Closed End Funds annual financial statements and Audit
Committee approval; and</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(9)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Review all data feeds and analyze and resolve all exceptions.</font></h3>

<h2 style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">F.</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Compliance as follows:</font></h2>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(1)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Monitoring of compliance by each Fund with applicable regulatory
requirements, including the 1940 Act; the Securities Act of 1933, as amended;
the Securities Exchange Act of 1934, as amended; the Sarbanes-Oxley Act of
2002; Title V of the Gramm-Leach-Bliley Act (relating to the privacy of
customer information); the Bank Secrecy Act (relating to money-laundering); and
the Internal Revenue Code of 1986, as amended, and the rules and regulations
under each thereof;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(2)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Review and processing of Fund litigation claims and settlements;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(3)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Testing of policies and procedures relating to tax services,
accounting services, valuation, financial reporting and performance services
for the Funds;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(4)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Maintenance of Fund Administration policies and procedures;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(5)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Review and coordination of sub-adviser proxy voting</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(6)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Develop ad-hoc reporting on compliance related matters;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(7)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Review and preparation of Board of Trustees materials; and</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(8)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Review of sub-adviser compliance materials.</font></h3>

<h2 style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;">&nbsp;</h2>
<a name="_bclFooter3"></a><DIV>





<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">3</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_4"></a><a name="_bclPageBorder4"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader4"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





</DIV>
<h2 style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">G.</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Service Provider Oversight (Vendor Management) as follows:</font></h2>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(1)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Assistance in the selection of service providers;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(2)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Negotiation of existing service provider agreements including
appropriate amendments thereto;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(3)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Monitoring the performance of and the quality of services
provided by service providers under such agreements including the review of vendor
reports, performance measurement reporting and periodic due diligence reviews;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(4)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Monitoring a service providers&#8217; compliance with applicable
regulatory requirements; preparing compliance, risk, and financial reporting
dashboards for service providers;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(5)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Reporting periodically to the Board of Trustees on the service
providers and the services provided to the Trust and the Funds,</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(6)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Responding to requests from regulators regarding the service
providers;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(7)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Establish a philosophy and framework for effective management and
oversight of Fund service providers;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(8)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Development and review of Service Level Agreements; and</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(9)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Prepare materials and coordinate key vendor quarterly executive
meeting.</font></h3>

<h2 style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">H.</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Portfolio and Cash Management Services</font></h2>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(1)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Coordinate and execute transactions relating to the Funds such as
Fund mergers, subadviser changes, Fund rebalancing and Fund asset transfers
(collectively, &#8220;Fund Events&#8221;);</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(2)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Review matters relating to Fund mergers.&#160; Fund launches and Fund
liquidations;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(3)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Administer the Fund Commission Recapture Program;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(4)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Review bank overdraft changes;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(5)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Administer transition management program;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(6)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Analyze merger related costs;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(7)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Administer the cash management of the Funds;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(8)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Administer the Fund Line of Credit;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(9)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Monitor collateral relating to Fund investments or accounts
supporting bank lines of credit;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(10)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Prepare N-14 pro-forma merger related information; and</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(11)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Coordinate operational activities associated with Fund of Funds
rebalancing.</font></h3>

<h2 style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">I.</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Project Management Office Services</font></h2>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(1)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Conduct monthly Fund Administration project prioritization meetings
with senior management;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(2)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Develop the master project list, prioritization schedule and
Project Management Office staffing model;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(3)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Adhere to Manulife&#8217;s corporate Information Technology project
prioritization procedures (i.e. Project Gating and Steering Committee
participation);</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(4)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Facilitate project meetings and the development of business
requirements, project plans and summary dashboard reporting documents; execute
select projects; and</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;">&nbsp;</h3>
<a name="_bclFooter4"></a><DIV>





<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">4</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_5"></a><a name="_bclPageBorder5"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader5"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





</DIV>
<h3 style="margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(5)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Coordinate activities with internal and external Information
Technology representatives.</font></h3>

<h2 style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">J.</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Additional services to Feeder Funds as follows:</font></h2>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(1)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Provision of information and reports to the Board of Trustees (i)
to enable it to make all necessary decisions regarding whether to invest the
assets of a Feeder Fund in shares of a particular Master Fund and (ii) as may
be requested by the Board of Trustees from time to time;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(2)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Coordination with the board of directors, officers and service
providers of each Master Fund for purposes of obtaining all information,
reports, certifications, signatures and other materials reasonably necessary
for preparing and filing of its corresponding Feeder Fund&#8217;s registration
statement, shareholder reports and other reports that may be filed pursuant to
applicable securities laws and regulations;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(3)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Effecting daily trades into or from each Master Fund, settling
all such transactions and performing trading and settlement reconciliations;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(4)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">facilitation of distributing Master Fund proxy solicitation
materials to corresponding Feeder Fund shareholders and/or coordinating with
officers and service providers of each Master Fund the incorporation of its
proxy information into its corresponding Feeder Fund proxy solicitation
materials; and</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(5)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Coordination with officers and service providers of each Master
Fund for purposes of enabling its corresponding Feeder Fund to compile and
maintain such books and records as may be legally required or reasonably
necessary or prudent for such Feeder Fund to compile and maintain.</font></h3>

<h2 style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">K.</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">EDGAR conversion and filing services (&#8220;Edgar Services&#8221;) as follows:</font></h2>

<h3 style="margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(1)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">At the request of a Fund, John Hancock shall perform EDGAR
Services for the Fund relating to documents filed by the Fund through EDGAR.</font></h3>

<h2 style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">L.</font><font face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Graphic Design Services as follows:</font></h2>

<h3 style="margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(1)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">At the request of a Fund, John Hancock shall perform graphic
design services relating to fund documents.</font></h3>

<p style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">In connection with its provision of the Services,
John Hancock will</font></p>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(1)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Provide such staff and personnel as are reasonably necessary to
perform the Services for the Trusts and the Funds.&#160; Without limiting the
generality of the foregoing, such staff and personnel shall be deemed to
include officers of John Hancock and its affiliates, and persons employed or
otherwise retained by John Hancock, to provide or assist in providing the
Services to the Trusts and the Funds;</font></h3>

<h3 style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(2)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Maintain all books and records relating to the Services; and</font></h3>

<h3 style="margin-bottom:12.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;text-justify:inter-ideograph;"><font color=windowtext face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">(3)</font><font color=windowtext face="times new roman" style="font-size:7.0pt;font-weight:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">Provide the Trusts and the Funds with all office facilities to
perform the Services.</font></h3>


<a name="_bclFooter5"></a><DIV>





<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">5</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_6"></a><a name="_bclPageBorder6"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader6"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">The Services do not include
services performed and personnel provided pursuant to contracts with the Trust
or the Funds by third-party custodians, transfer agents and other service
providers.</font></p>

<h1 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;text-justify:inter-ideograph;"><b><font color=windowtext face="times new roman bold" style="font-size:12.0pt;">2.</font></b><b><font color=windowtext face="times new roman" style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><u><font color=black face="Times New Roman" style="font-size:12.0pt;">Compensation</font></u></b><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">.&#160; In consideration for the
Services provided to the Trusts and the Funds by John Hancock and its
affiliates pursuant to this Agreement, each Fund will pay John Hancock such fee
or other compensation as may be approved by the Board of Trustees from time to
time and set forth in Appendix C hereto as the same may be amended from time to
time.&#160; Any Services provided by a person or entity other than John Hancock and
its affiliates, including, without limitation, services provided by attorneys
not affiliated with John Hancock, are not covered under this Agreement and are
an expense of the Funds.</font></h1>

<h1 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;text-justify:inter-ideograph;"><b><font color=windowtext face="times new roman bold" style="font-size:12.0pt;">3.</font></b><b><font color=windowtext face="times new roman" style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><u><font color=black face="Times New Roman" style="font-size:12.0pt;">No Partnership or Joint Venture</font></u></b><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">.&#160; Each Trust,
on behalf of itself and each of its Funds, and John Hancock are not partners of
or joint ventures with each other, and nothing herein shall be construed so as
to make any of the Trusts, on behalf of itself or any of its Funds, and John
Hancock partners or joint ventures or impose any liability as such on the
Trust, any Fund or John Hancock.</font></h1>

<h1 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;text-justify:inter-ideograph;"><b><font color=windowtext face="times new roman bold" style="font-size:12.0pt;">4.</font></b><b><font color=windowtext face="times new roman" style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><u><font color=black face="Times New Roman" style="font-size:12.0pt;">Limitation of Liability</font></u></b><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">.&#160; John Hancock shall
not be liable for any error of judgment or mistake of law or for any loss
suffered by the Funds in connection with the matters to which this Agreement
relates, except losses resulting from willful misfeasance, bad faith or
negligence by John Hancock in the performance of its duties or from reckless
disregard by John Hancock of its obligations under this Agreement.&#160; Any person,
even though also employed by John Hancock, who may be or become an employee of
and paid by any of the Trusts shall be deemed, when acting within the scope of
his or her employment by the Trust, to be acting in such employment solely for
the Trusts and not as John Hancock&#8217;s employee or agent.</font></h1>

<h1 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;text-justify:inter-ideograph;"><b><font color=windowtext face="times new roman bold" style="font-size:12.0pt;">5.</font></b><b><font color=windowtext face="times new roman" style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><u><font color=black face="Times New Roman" style="font-size:12.0pt;">Duration and Termination of Agreement</font></u></b><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">.&#160; This
Agreement shall remain in effect until the second anniversary of the date on
which it was executed, and from year to year thereafter, but only so long as
such continuance is specifically approved at least annually by a majority of
the Board of Trustees and a majority of the Trustees who are not interested
persons (as defined in the 1940 Act) of any of the Trusts or John Hancock.&#160; The
Agreement may, on 60 days&#8217; written notice, be terminated at any time without
the payment of any penalty by any of the Trusts on behalf of itself or any of
its Funds (by vote of a majority of the Trustees of the Trust) or by John
Hancock.</font></h1>

<h1 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;text-justify:inter-ideograph;"><b><font color=windowtext face="times new roman bold" style="font-size:12.0pt;">6.</font></b><b><font color=windowtext face="times new roman" style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><u><font color=black face="Times New Roman" style="font-size:12.0pt;">Amendment</font></u></b><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">.&#160; No provision of this Agreement may
be amended, waived, discharged or terminated except by an instrument in writing
signed by the party against which enforcement of the amendment, waiver,
discharge or termination is sought.</font></h1>

<h1 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;text-justify:inter-ideograph;"><b><font color=windowtext face="times new roman bold" style="font-size:12.0pt;">7.</font></b><b><font color=windowtext face="times new roman" style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><u><font color=black face="Times New Roman" style="font-size:12.0pt;">Governing Law</font></u></b><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">.&#160; This Agreement shall be
governed by and construed in accordance with the laws of the Commonwealth of   Massachusetts without regard to the choice of law provisions thereof.</font></h1>

<h1 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;text-justify:inter-ideograph;"><b><font color=windowtext face="times new roman bold" style="font-size:12.0pt;">8.</font></b><b><font color=windowtext face="times new roman" style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><u><font color=black face="Times New Roman" style="font-size:12.0pt;">Miscellaneous</font></u></b><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">.&#160; The captions in this Agreement
are included for convenience of reference only and in no way define or limit
any of the provisions of this Agreement or otherwise affect their construction
or effect.&#160; This Agreement may be executed simultaneously in two or </font></h1>
<a name="_bclFooter6"></a><DIV>





<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">6</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_7"></a><a name="_bclPageBorder7"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader7"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





</DIV>
<h1 style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;text-justify:inter-ideograph;"><font color=black face="Times New Roman" style="font-size:12.0pt;font-weight:normal;">more counterparts, each of which shall be deemed an
original, but all of which together shall constitute one and the same
instrument.&#160; A copy of the Declaration of Trust of each Trust which is
organized as a Massachusetts business trust is on file with the Secretary of
State of the Commonwealth of Massachusetts and provides that no Trustee,
shareholder, officer, employee or agent of the Trust shall be subject to any
personal liability in connection with Trust property or the affairs of the
Trust, but that only the assets belonging to the Trust, or to the particular
Fund with respect to which an obligation or claim arose, shall be liable.</font></h1>

<p align=center style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">(THE REMAINDER OF THIS
SPACE HAS BEEN INTENTIONALLY LEFT BLANK)</font></p>





<a name="_bclFooter7"></a><DIV>





<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">7</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_8"></a><a name="_bclPageBorder8"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader8"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-justify:inter-ideograph;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">IN WITNESS WHEREOF</font></b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">, the undersigned have caused this
Agreement to be executed by their duly authorized officers as of the date first
written above.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">JOHN HANCOCK ADVISERS, LLC</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">By:&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160; </font></b><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">/s/ Leo Zerilli</font></u></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Name:&#160;&#160; Leo Zerilli</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Title:&#160;&#160;&#160;&#160; Senior Vice President and Chief
Investment Officer</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">By all the Trusts listed in Appendix A</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">By:&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160; </font><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">/s/ Hugh McHaffie</font></u></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Name:&#160;&#160; Hugh McHaffie</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Title:&#160;&#160;&#160;&#160; President</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>









<a name="_bclFooter8"></a><DIV>





<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">8</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_9"></a><a name="_bclPageBorder9"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader9"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin-bottom:24.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.25pt;">Appendix A</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">John Hancock Bond Trust</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; On behalf of each of its series</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">John Hancock Current Interest</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; On behalf of each of its series</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">John Hancock Funds II</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; On behalf of each of its series</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">John Hancock Funds III</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; On behalf of each of its series</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">John Hancock Hedged Equity &amp; Income Fund</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">John Hancock Income Securities Trust</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">John Hancock Investment Trust</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; On behalf of each of its series (except John
Hancock Large Cap Equity Fund)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">John Hancock Investment Trust II</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; On behalf of each of its series</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">John Hancock Investors Trust</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">John Hancock Municipal Securities Trust</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; On behalf of each of its series</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">John Hancock Preferred Income Fund</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">John Hancock Preferred Income Fund II</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">John Hancock Preferred Income Fund III</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">John Hancock Sovereign Bond Fund</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; On behalf of each of its series</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">John Hancock Strategic Series</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; On behalf of each of its series</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">John Hancock Tax-Advantaged Dividend Income Fund</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">John Hancock Tax-Advantaged Global Shareholder Yield Fund</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">John Hancock Tax-Exempt Series Fund</font></b></p>


<a name="_bclFooter9"></a><DIV>





<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">A-1</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_10"></a><a name="_bclPageBorder10"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader10"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; On behalf of each of
its series</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>









<a name="_bclFooter10"></a><DIV>





<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">A-2</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_11"></a><a name="_bclPageBorder11"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader11"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin-bottom:24.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.25pt;">Appendix B</font></b></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-justify:inter-ideograph;"><i><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">The Feeder Funds are as follows:</font></i></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">None</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>









<a name="_bclFooter11"></a><DIV>





<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">B-1</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_12"></a><a name="_bclPageBorder12"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader12"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin-bottom:24.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.25pt;">Appendix C</font></b></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><u><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;letter-spacing:.25pt;">Compensation</font></u></b></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-justify:inter-ideograph;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Each Fund listed in Appendix A shall reimburse John Hancock for
its expenses associated with providing all such Services described in this
Agreement, including (a) direct compensation and related personnel expenses,
(b) direct expenses of office space, office equipment, utilities and
miscellaneous office expenses (&#8220;Office Support&#8221;), (c) direct expenses of
computer hardware and software (and the development thereof) used to support
John Hancock in providing such Services and IT support relating to such
computer hardware and software, (d) other reasonable direct expenses incurred
by John Hancock in providing Services to the Funds including, without
limitation, expenses related to services provided by third parties such as
Charles River, GainsKeeper and Confluence, Bloomberg to John Hancock that are
related to John Hancock&#8217;s provision of Services to the Funds and (e) overhead
expenses (including Manulife Financial Corporation (&#8220;Manulife&#8221;) corporate
overhead) related to Office Support and personnel who provide services to each
Fund (the &#8220;Reimbursement&#8221;), provided that overhead expenses related to Office
Support shall not exceed levels that are allocated ordinarily to other Manulife
business units.&#160; John Hancock shall determine, subject to Board approval, the
expenses to be reimbursed by each Fund; provided, however, that such expenses
shall not exceed levels that are fair and reasonable in light of the usual and
customary charges made by others for services of the same nature and quality.&#160;
The Reimbursement shall be calculated and paid monthly in arrears.</font></p>



</div>
</BODY>

</HTML>

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
