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.
"With these new fee schedules and others in the works over the near term, John Hancock is delivering on our commitment to driving higher investment value for our shareholders," stated Andrew Arnott, president and chief executive officer of John Hancock Funds.