John Hancock's two Technical Opportunities funds ink new fee agreement

By Toni Weeks

San Diego, Feb. 16 - John Hancock Funds II announced a change in fund expenses for its John Hancock Technical Opportunities Fund and its John Hancock Technical Opportunities Fund II.

According to a 497 filing with the Securities and Exchange Commission, the funds' adviser has voluntarily agreed to reduce its management fee for the funds or to make payment to the funds in the amount equal to the amount that the each fund's expenses exceed 0.2% of its average annual net assets, on an annualized basis. Currently, that figure is 15%.

The agreement pertains to class I, class A and NAV class shares of the Technical Opportunities Fund II and class NAV shares of both the Technical Opportunities Fund and the Technical Opportunities Fund II.

Expenses includes all of the funds' expenses, excluding taxes, brokerage commissions, interest expenses, litigation and indemnification expenses, advisory fees, 12b-1 distribution fees, transfer agent and service fees, blue-sky fees, printing and postage, acquired fund fees, fees under any agreement or plan concerning services for shareholders or others with a beneficial interest in shares of the fund and short dividend expense.

The funds' investment adviser is Boston-based John Hancock Investment Management Services, LLC.

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