To the Trustees of the John Hancock Group of Funds Boston, MA 02210 Re: Agreement to Waive Advisory Fees and Reimburse Expenses

Exhibit 99.(h).19

July 1, 2018

To the Trustees of the ▇▇▇▇ ▇▇▇▇▇▇▇ Group of Funds

▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇

Boston, MA 02210

Re: Agreement to Waive Advisory Fees and Reimburse Expenses

▇▇▇▇ ▇▇▇▇▇▇▇ Investment Management Services, LLC and ▇▇▇▇ ▇▇▇▇▇▇▇ Advisers, LLC (collectively, the “Advisers”), each an investment adviser to the investment companies listed in Appendix A (collectively, the “▇▇▇▇ ▇▇▇▇▇▇▇ Funds”), hereby notify you as follows:

1. Each Adviser agrees to waive its management fee for a ▇▇▇▇ ▇▇▇▇▇▇▇ Fund portfolio, as applicable, or otherwise reimburse the expenses of that portfolio as set forth below (the “Reimbursement”).

2. The Reimbursement shall apply to all ▇▇▇▇ ▇▇▇▇▇▇▇ Fund portfolios in existence on the date of this Agreement, except those noted below, and to all future ▇▇▇▇ ▇▇▇▇▇▇▇ Fund portfolios to which an Adviser agrees this Agreement should apply (the “Participating Portfolios”).

The Reimbursement shall not apply to the following ▇▇▇▇ ▇▇▇▇▇▇▇ Variable Insurance Trust portfolios:

Each Managed Volatility Portfolio

Each Lifecycle Trust

Each Lifestyle Portfolio

The reimbursement shall not apply to the following ▇▇▇▇ ▇▇▇▇▇▇▇ Funds II portfolios:

Each Multi-Index Preservation Portfolio

Each Multimanager Lifestyle Portfolio

Each Multi-Index Lifestyle Portfolio

Each Multimanager Lifetime Portfolio

Each Multi-Index Lifetime Portfolio

Alternative Asset Allocation Fund

Income Allocation Fund

Retirement Income 2040 Fund

The reimbursement shall not apply to ▇▇▇▇ ▇▇▇▇▇▇▇ Collateral Trust.

3. The Reimbursement shall equal on an annualized basis:

0.01% of that portion of the aggregate net assets of all the Participating Portfolios that exceeds $75 billion but is less than or equal to $125 billion;

0.0125% of that portion of the aggregate net assets of all the Participating Portfolios that exceeds $125 billion but is less than or equal to $150 billion;

0.0150% of that portion of the aggregate net assets of all the Participating Portfolios that exceeds $150 billion but is less than or equal to $175 billion;

0.0175% of that portion of the aggregate net assets of all the Participating Portfolios that exceeds $175 billion but is less than or equal to $200 billion;

0.02% of that portion of the aggregate net assets of all the Participating Portfolios that exceeds $200 billion but is less than or equal to $225 billion; and

0.0225% of that portion of the aggregate net assets of all the Participating Portfolios that exceeds $225 billion.

The amount of the Reimbursement shall be calculated daily and allocated among all the Participating Portfolios in proportion to the daily net assets of each such portfolio.

4. The Reimbursement with respect to each Participating Portfolio expires on June 30, 2020 unless renewed by mutual agreement of the ▇▇▇▇ ▇▇▇▇▇▇▇ Funds and the Advisers based upon a determination that this is appropriate under the circumstances at the time.

5. This Agreement is effective as of July 1, 2018 and supersedes the prior Letter Agreement from the Adviser to the Trustees relating to the same subject matter.

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			Very truly yours,
			▇▇▇▇ ▇▇▇▇▇▇▇ Investment Management Services, LLC
			By:	/s/ ▇▇▇ ▇▇▇▇▇▇▇
			▇▇▇▇ ▇▇▇▇▇▇▇ Advisers, LLC
			By:	/s/ ▇▇▇ ▇▇▇▇▇▇▇

          ACCEPTED BY:

▇▇▇▇ ▇▇▇▇▇▇▇ Financial Opportunities Fund
▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ Trust	▇▇▇▇ ▇▇▇▇▇▇▇ Municipal Securities Trust
▇▇▇▇ ▇▇▇▇▇▇▇ California Tax-Free Income Fund	▇▇▇▇ ▇▇▇▇▇▇▇ Preferred Income Fund
▇▇▇▇ ▇▇▇▇▇▇▇ Capital Series	▇▇▇▇ ▇▇▇▇▇▇▇ Preferred Income Fund II
▇▇▇▇ ▇▇▇▇▇▇▇ Current Interest	▇▇▇▇ ▇▇▇▇▇▇▇ Preferred Income Fund III
	▇▇▇▇ ▇▇▇▇▇▇▇ Premium Dividend Fund
▇▇▇▇ ▇▇▇▇▇▇▇ Funds III	▇▇▇▇ ▇▇▇▇▇▇▇ Sovereign Bond Fund
▇▇▇▇ ▇▇▇▇▇▇▇ Hedged Equity & Income Fund
▇▇▇▇ ▇▇▇▇▇▇▇ Income Securities Trust	▇▇▇▇ ▇▇▇▇▇▇▇ Strategic Series
▇▇▇▇ ▇▇▇▇▇▇▇ Investment Trust	▇▇▇▇ ▇▇▇▇▇▇▇ Tax-Advantaged Dividend Income Fund
▇▇▇▇ ▇▇▇▇▇▇▇ Investment Trust II	▇▇▇▇ ▇▇▇▇▇▇▇ Tax-Advantaged Global Shareholder Yield Fund
▇▇▇▇ ▇▇▇▇▇▇▇ Investment Trust III
▇▇▇▇ ▇▇▇▇▇▇▇ Investors Trust	▇▇▇▇ ▇▇▇▇▇▇▇ Funds II
	▇▇▇▇ ▇▇▇▇▇▇▇ Variable Insurance Trust ▇▇▇▇ ▇▇▇▇▇▇▇ Exchange-Traded Fund Trust

On behalf of each of its series identified as a Participating Portfolio

By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇

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Appendix A

▇▇▇▇ ▇▇▇▇▇▇▇ Financial Opportunities Fund
▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ Trust	▇▇▇▇ ▇▇▇▇▇▇▇ Municipal Securities Trust
▇▇▇▇ ▇▇▇▇▇▇▇ California Tax-Free Income Fund	▇▇▇▇ ▇▇▇▇▇▇▇ Preferred Income Fund
▇▇▇▇ ▇▇▇▇▇▇▇ Capital Series	▇▇▇▇ ▇▇▇▇▇▇▇ Preferred Income Fund II
▇▇▇▇ ▇▇▇▇▇▇▇ Current Interest	▇▇▇▇ ▇▇▇▇▇▇▇ Preferred Income Fund III
	▇▇▇▇ ▇▇▇▇▇▇▇ Premium Dividend Fund
▇▇▇▇ ▇▇▇▇▇▇▇ Funds III	▇▇▇▇ ▇▇▇▇▇▇▇ Sovereign Bond Fund
▇▇▇▇ ▇▇▇▇▇▇▇ Hedged Equity & Income Fund
▇▇▇▇ ▇▇▇▇▇▇▇ Income Securities Trust	▇▇▇▇ ▇▇▇▇▇▇▇ Strategic Series
▇▇▇▇ ▇▇▇▇▇▇▇ Investment Trust	▇▇▇▇ ▇▇▇▇▇▇▇ Tax-Advantaged Dividend Income Fund
▇▇▇▇ ▇▇▇▇▇▇▇ Investment Trust II	▇▇▇▇ ▇▇▇▇▇▇▇ Tax-Advantaged Global Shareholder Yield Fund
▇▇▇▇ ▇▇▇▇▇▇▇ Investment Trust III
▇▇▇▇ ▇▇▇▇▇▇▇ Investors Trust	▇▇▇▇ ▇▇▇▇▇▇▇ Funds II
	▇▇▇▇ ▇▇▇▇▇▇▇ Variable Insurance Trust ▇▇▇▇ ▇▇▇▇▇▇▇ Exchange-Traded Fund Trust

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