Advisory and sub-advisory fees charged to the John Hancock Funds are based on a percentage of assets under management, ranging from 0.20% to 1.43%. The John Hancock Funds may benefit from a complex-wide fee waiver that is triggered by reaching certain asset levels. John Hancock Investment Management may receive a fee that is based on a fund’s assets as well as portion of the fund’s income. The John Hancock Funds typically pay John Hancock Investment Management to provide administrative and legal services to the John Hancock Funds based on the cost of providing such services (including an allocation of overhead).