SEC Company Response from JOHN HANCOCK VARIABLE INSURANCE TRUST (CIK 0000756913) — Jul 25, 2022
JOHN HANCOCK VARIABLE INSURANCE TRUST (CIK 0000756913)
Date: July 25, 2022 · CIK: 0000756913 · Accession: 0001133228-22-005071
AI Filing Summary & Sentiment
File numbers found in text: 811-00560, 811-01677, 811-02402, 811-02485, 811-03006, 811-03999, 811-04146, 811-04651, 811-05968, 811-05979, 811-21777, 811-21779, 811-22733, 811-23027
Referenced dates: July 13, 2022
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CORRESP
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July 25, 2022
VIA EDGAR
Division of Investment
Management
U.S. Securities and Exchange
Commission
100 F Street, N.E.
Washington, D.C. 02549
Attention: Sonny Oh
Re:
John Hancock Bond Trust - File No. 811-03006, John Hancock California Tax-Free Income Fund - File No. 811-05979, John Hancock Capital Series - File No. 811-01677, John Hancock Collateral Trust - File No. 811-23027, John Hancock Current Interest - File No. 811-02485, John Hancock Funds III - File No. 811-21777, John Hancock Investment Trust - File No. 811-00560, John Hancock Investment Trust II - File No. 811-03999, John Hancock Municipal Securities Trust - File No. 811-05968, John Hancock Sovereign Bond Fund - File No. 811-02402, and John Hancock Strategic Series - File No. 811-04651 (each, a “Trust” and collectively, the “Retail Trusts”)
Dear Mr. Oh:
This letter is in response to additional comments received
by telephone on July 18, 2022 from the staff of the Securities and Exchange Commission (the “SEC”) with respect to the definitive
proxy statements on Schedule 14A for John Hancock Investment Trust, which were filed with the SEC on July 14, 2022 (the “Proxy Statement”).
I note your comments are based on your review of the definitive proxy statement filed with respect to John Hancock Investment Trust, but
that your comments are applicable to each other definitive proxy statement filed on behalf of each Trust noted above, as well as to the
preliminary proxy statements filed on behalf of the following registrants, if relevant, each of which was filed contemporaneously with
the Proxy Statement: John Hancock Exchange-Traded Fund Trust (“JHETFT) — File No. 811-22733, John Hancock Funds II (“JHF
II”) — File No. 811-21779 and John Hancock Variable Insurance Trust (“JHVIT” and, together with the Retail Trusts,
JHETFT and JHF II, the “Trusts”) — File No. 811-04146 (together with the Proxy Statement, the “Proxy Statements”).
The purposes of the Proxy Statements are to: (1) elect eight trustees to each Trust’s board of trustees (seven trustees in the case
of JHETFT): (2) solicit shareholder approval of a new form of advisory agreement for certain series of certain Retail Trusts; (3) solicit
shareholder approval of a “manager of managers” structure for certain series of certain Retail Trusts; and (4) solicit shareholder
approval of amendments to the Declarations of Trust of JHF II and JHVIT. Unless otherwise stated, capitalized terms have the same meaning
given in the Proxy Statements.
This letter responds to the staff’s request for
additional information regarding comments relating to preliminary proxy statements on Schedule 14A for the Trusts that were addressed
in a letter to the staff dated July 13, 2022 (the “Original Response Letter”).
For convenience, we have set forth each comment below,
followed by the response.
Comment 1 — Please confirm that the new
number of Trustees has been approved by a majority vote of the existing Trustees, as required by the Declaration of Trust.
Response to Comment 1 — The Trusts
so confirm.
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Comment 2 — With respect to the Response
to Comment 14 in the Original Response Letter, please confirm that John Hancock Investment Trust revised the disclosure to provide that
the four bullets under the heading “Introduction” are not the only differences between the Proposed Advisory Agreement and
the Current Advisory Agreements.
Response to Comment 2 — The Trust
so confirms.
Comment 3 — With respect to Response to
Comment 20 in the Original Response Letter, the staff notes that the additional disclosure states that:
“The Board considered with respect to
Proposal 2 the differences between the Current Advisory Agreement and Proposed Advisory Agreement, as described above and agreed that
the form of Proposed Advisory Agreement structure would more clearly delineate the Adviser’s duties by separating the Adviser’s
non-advisory functions from its advisory functions. The enhanced delineation is expected to facilitate oversight of the Adviser’s
advisory and non-advisory activities without leading to any increase in the Funds’ overall expense ratios or decrease in the nature,
extent and quality of services provided.”
Please either: (1) include disclosure with respect
to the three other “main” changes referenced under the heading “Introduction”; or (2) confirm that the disclosure
represents the Board’s discussion with respect to the differences between the form of Proposed Advisory Agreement and the Current
Advisory Agreements.
Response to Comment 3 — John
Hancock Investment Trust notes supplementally that the entirety of the disclosure under the heading “Proposal 2 – Approval
of a New Form of Advisory Agreement” reflects everything that the Board considered with respect to the differences between the form
of Proposed Advisory Agreement and the Current Advisory Agreements.
Comment 4 — With respect to Response to
Comment 28 in the Original Response Letter, the staff clarifies that it asked for the Proxy Statements to include one sentence disclosing
where a copy of the notice, proxy statement and proxy voting ballot are available online and providing a website where such documents
are available.
Response to Comment 4 — The Trusts
acknowledge the staff’s comment.
_____________________________________________________
Should you have any questions regarding the foregoing,
please contact me at (617) 951-9053.
Sincerely,
/s/ Abigail P. Hemnes
Abigail P. Hemnes
Cc: Nicholas J. Kolokithas, Assistant Secretary of
the Trusts
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