John Hancock has implemented new breakpoints for three mutual funds, effective June 1.

Specifically, the John Hancock Classic Value Fund (PZFVX) reduced its advisory fee rate by four basis points across all breakpoints. John Hancock U.S. Global Leaders Growth Fund (USGLX) has added two new breakpoints to the advisory fee schedule and the John Hancock Alternative Asset Allocation Fund (JAAAX), which previously did not offer breakpoints on the advisory fee schedule, also implemented two new breakpoints.

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