v3.24.4
Label Element Value
Risk Return Abstract rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName JOHN HANCOCK FUNDS II
Prospectus Date rr_ProspectusDate Jan. 01, 2025
Class NAV | U.S. Sector Rotation Fund  
Risk Return Abstract rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading <span style="color:#000000;font-family:Arial Narrow;font-size:24pt;">John Hancock U.S. Sector Rotation Fund</span>
Objective [Heading] rr_ObjectiveHeading <span style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-weight:bold;">Investment objective</span>
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock To seek capital appreciation.
Expense [Heading] rr_ExpenseHeading <span style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-weight:bold;">Fees and expenses</span>
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses you may pay if you buy, hold, and sell shares of the fund. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below.
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption <span style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-weight:bold;margin-left:0.0pt;">Shareholder fees (%) </span><span style="color:#000000;font-family:Arial Narrow;font-size:8pt;margin-left:0.0pt;">(fees paid directly from your investment)</span>
Operating Expenses Caption [Text] rr_OperatingExpensesCaption <span style="font-family:Arial Narrow;font-size:8pt;font-weight:bold;margin-left:0.0pt;">Annual fund operating expenses (%) </span><span style="font-family:Arial Narrow;font-size:8pt;margin-left:0.0pt;">(expenses that you pay each year as a percentage of the value of your investment)</span>
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination <span style="font-family:Arial Narrow;font-size:8pt;">July 31, 2026</span>
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading <span style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-weight:bold;">Portfolio turnover</span>
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the fund’s performance. During its most recent fiscal year, the fund’s portfolio turnover rate was 40% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 40.00%
Expense Example [Heading] rr_ExpenseExampleHeading <span style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-weight:bold;">Expense example</span>
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock This example is intended to help you compare the cost of investing in the fund with the cost of investing in other mutual funds. Please see below a hypothetical example showing the expenses of a $10,000 investment for the time periods indicated and then assuming you sell all of your shares at the end of those periods. The example assumes a 5% average annual return and that fund expenses will not change over the periods. Although your actual costs may be higher or lower, based on these assumptions, your costs would be:
Strategy [Heading] rr_StrategyHeading <span style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-weight:bold;">Principal investment strategies</span>
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The fund seeks to achieve its investment objective by investing under normal market conditions at least 80% of its net assets (plus any borrowings for investment purposes) in U.S. equity securities of any market capitalization, including futures on indexes of equity securities. The fund defines U.S. equity securities as: (i) securities of issuers that are organized under the laws of the United States or that maintain their principal place of business in the United States; (ii) securities of issuers that are traded principally in the United States; or (iii) securities of issuers that, during the most recent fiscal year, derived at least 50% of their revenues or profits from goods produced or sold, investments made, or services performed in the United States or that have at least 50% of their assets in the United States. The fund’s allocation to various markets and types of securities will be actively managed. The fund’s investment in equity securities will vary both with respect to types of securities and markets in response to changing market and economic trends. The fund’s allocation of securities will depend on the manager’s outlook for the markets and generally reflect the manager’s strategic asset allocation analysis and their assessment of the relative attractiveness of a particular asset class. When determining whether to invest in a particular market capitalization, sector or industry, the manager takes into consideration a variety of inputs including economic, fundamental (valuations and earnings), and technical indicators, among other factors. The fund may invest up to 20% of its net assets in equity securities of foreign issuers. Investments in exchange-traded funds (ETFs) and derivative instruments may be used to reduce risk and/or obtain efficient investment exposure, and may include options, futures contracts, and swaps (including interest-rate swaps). The fund also may invest in fixed-income securities, including, but not limited to: ●U.S. Treasury and agency securities as well as notes backed by the Federal Deposit Insurance Corporation; ●U.S. Treasury futures contracts; ●Mortgage-backed securities, including mortgage pass-through securities, commercial mortgage-backed securities (CMBS) and collateralized mortgage obligations (CMOs); ●U.S. and foreign corporate bonds; ●Foreign government and agency securities; and ●Lower-rated fixed-income securities and high-yield securities (also known as “junk bonds”) The foreign securities in which the fund invests may be denominated in U.S. dollars or foreign currency. The fund may actively manage its exposure to foreign currencies through the use of foreign currency forward contracts and other currency derivatives. The fund may own foreign cash equivalents and foreign bank deposits as part of its investment strategy. The fund may invest in foreign currencies for hedging and speculative purposes. The fund may focus its investments in a particular sector or sectors of the economy. Use of Hedging and Other Strategic Transactions. The fund is authorized to use all of the various investment strategies referred to under “Principal risks of investing in the fund — Hedging, derivatives and other strategic transactions risk,” including, but not limited to, futures and options contracts, foreign currency forward contracts and swaps. The fund may engage in derivatives transactions for hedging and non-hedging purposes including, without limitation, the following purposes: ●to attempt to protect against possible changes in the market value of securities held or to be purchased by the fund resulting from securities markets or currency exchange rate fluctuations; ●to protect the fund’s unrealized gains in the value of its securities; ●to facilitate the sale of the fund’s securities for investment purposes; ●to manage the effective maturity or duration of the fund’s securities; ●to establish a position in the derivatives markets as a method of gaining exposure to a particular security or market; ●to facilitate the repatriation of foreign currency and the settlement of purchases of foreign securities; and ●to increase or decrease exposure to a foreign currency or to shift exposure to foreign currency fluctuations from one country to another.
Risk [Heading] rr_RiskHeading <span style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-weight:bold;">Principal risks</span>
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading <span style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-weight:bold;">Past performance</span>
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The following information illustrates the variability of the fund’s returns and provides some indication of the risks of investing in the fund by showing changes in the fund’s performance from year to year and by showing how the fund’s average annual returns compared with a broad-based securities market index. Past performance (before and after taxes) does not indicate future results. All figures assume dividend reinvestment. Performance information is updated daily, monthly, and quarterly and may be obtained by calling 800-344-1029 between 8:00 a.m. and 7:00 p.m., Eastern time, on most business days.Please note that after-tax returns reflect the highest individual federal marginal income-tax rate in effect as of the date provided and do not reflect any state or local taxes. Your actual after-tax returns may be different. After-tax returns are not relevant to shares held in an IRA, 401(k), or other tax-advantaged investment plan.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns <span style="font-family:Arial Narrow;font-size:9pt;">The following information illustrates the variability of the fund’s returns and provides some indication of the risks of investing in the fund by showing changes in the fund’s performance from year to year and by showing how the fund’s average annual returns compared with a broad-based securities market index.</span>
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone <span style="font-family:Arial Narrow;font-size:9pt;">800-344-1029 between 8:00 </span><span style="font-family:Arial Narrow;font-size:9pt;font-variant:small-caps;">a.m.</span><span style="font-family:Arial Narrow;font-size:9pt;"> and 7:00</span><span style="font-family:Arial Narrow;font-size:9pt;line-height:12pt;"> </span><span style="font-family:Arial Narrow;font-size:9pt;font-variant:small-caps;">p.m.</span><span style="font-family:Arial Narrow;font-size:9pt;">, Eastern time, on most business days.</span>
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture <span style="font-family:Arial Narrow;font-size:9pt;"> Past performance (before and after taxes) does not indicate future results.</span>
Bar Chart [Heading] rr_BarChartHeading <span style="font-family:Arial Narrow;font-size:9pt;font-weight:bold;">Calendar year total returns (%)—Class NAV</span>
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock Year-to-date total return through:Q3 202421.57%Best quarter:Q2 202019.20%Worst quarter:Q1 2020-19.58%
Performance Table Heading rr_PerformanceTableHeading <span style="font-family:Arial Narrow;font-size:8pt;font-weight:bold;margin-left:0.0pt;">Average annual total returns (%)—as of 12/31/2023</span>
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate <span style="color:#000000;font-family:Arial Narrow;font-size:9pt;">Please note that after-tax returns reflect the highest individual federal marginal income-tax rate in effect as of the date provided and do not reflect any state or local taxes.</span>
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred <span style="color:#000000;font-family:Arial Narrow;font-size:9pt;"> Your actual after-tax returns may be different. After-tax returns are not relevant to shares held in an IRA, 401(k), or other </span><span style="color:#000000;font-family:Arial Narrow;font-size:9pt;">tax-advantaged investment plan.</span>
Class NAV | U.S. Sector Rotation Fund | Risk Lose Money [Member]  
Risk Return Abstract rr_RiskReturnAbstract  
Risk [Text Block] rr_RiskTextBlock Many factors affect performance, and fund shares will fluctuate in price, meaning you could lose money.
Class NAV | U.S. Sector Rotation Fund | Risk Not Insured Depository Institution [Member]  
Risk Return Abstract rr_RiskReturnAbstract  
Risk [Text Block] rr_RiskTextBlock An investment in the fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Class NAV | U.S. Sector Rotation Fund | Credit And Counterparty Risk [Member]  
Risk Return Abstract rr_RiskReturnAbstract  
Risk [Text Block] rr_RiskTextBlock Credit and counterparty risk.  The issuer or guarantor of a fixed-income security, the counterparty to an over-the-counter derivatives contract, or a borrower of fund securities may not make timely payments or otherwise honor its obligations. U.S. government securities are subject to varying degrees of credit risk depending upon the nature of their support. A downgrade or default affecting any of the fund’s securities could affect the fund’s performance.
Class NAV | U.S. Sector Rotation Fund | Currency Risk [Member]  
Risk Return Abstract rr_RiskReturnAbstract  
Risk [Text Block] rr_RiskTextBlock Currency risk.  Fluctuations in exchange rates may adversely affect the U.S. dollar value of a fund’s investments. Foreign currencies may decline in value, which could negatively impact performance.
Class NAV | U.S. Sector Rotation Fund | Economic And Market Events Risk [Member]  
Risk Return Abstract rr_RiskReturnAbstract  
Risk [Text Block] rr_RiskTextBlock Economic and market events risk.  Events in the U.S. and global financial markets, including actions taken by the U.S. Federal Reserve or foreign central banks to stimulate or stabilize economic growth, may at times result in unusually high market volatility, which could negatively impact performance. Reduced liquidity in credit and fixed-income markets could adversely affect issuers worldwide. Banks and financial services companies could suffer losses if interest rates rise or economic conditions deteriorate.
Class NAV | U.S. Sector Rotation Fund | Equity Securities Risk [Member]  
Risk Return Abstract rr_RiskReturnAbstract  
Risk [Text Block] rr_RiskTextBlock Equity securities risk.  The price of equity securities may decline due to changes in a company’s financial condition or overall market conditions.
Class NAV | U.S. Sector Rotation Fund | Exchange Traded Funds Risk [Member]  
Risk Return Abstract rr_RiskReturnAbstract  
Risk [Text Block] rr_RiskTextBlock Exchange-traded funds (ETFs) risk.  The risks of owning shares of an ETF include the risks of owning the underlying securities the ETF holds. Lack of liquidity in an ETF could result in the ETF being more volatile than its underlying securities. An ETF’s shares could trade at a significant premium or discount to its net asset value (NAV). A fund bears ETF fees and expenses indirectly.
Class NAV | U.S. Sector Rotation Fund | Fixed Income Securities Risk [Member]  
Risk Return Abstract rr_RiskReturnAbstract  
Risk [Text Block] rr_RiskTextBlock Fixed-income securities risk.  A rise in interest rates typically causes bond prices to fall. The longer the average maturity or duration of the bonds held by a fund, the more sensitive it will likely be to interest-rate fluctuations. An issuer may not make all interest payments or repay all or any of the principal borrowed. Changes in a security’s credit quality may adversely affect fund performance.
Class NAV | U.S. Sector Rotation Fund | Foreign Securities Risk [Member]  
Risk Return Abstract rr_RiskReturnAbstract  
Risk [Text Block] rr_RiskTextBlock Foreign securities risk.  Less information may be publicly available regarding foreign issuers, including foreign government issuers. Foreign securities may be subject to foreign taxes and may be more volatile than U.S. securities. Currency fluctuations and political and economic developments may adversely impact the value of foreign securities.
Class NAV | U.S. Sector Rotation Fund | Hedging Derivatives And Other Strategic Transactions Risk [Member]  
Risk Return Abstract rr_RiskReturnAbstract  
Risk [Text Block] rr_RiskTextBlock Hedging, derivatives, and other strategic transactions risk.  Hedging, derivatives, and other strategic transactions may increase a fund’s volatility and could produce disproportionate losses, potentially more than the fund’s principal investment. Risks of these transactions are different from and possibly greater than risks of investing directly in securities and other traditional instruments. Under certain market conditions, derivatives could become harder to value or sell and may become subject to liquidity risk (i.e., the inability to enter into closing transactions). Derivatives and other strategic transactions that the fund intends to utilize include: foreign currency forward contracts, futures contracts, options, foreign currency swaps, interest-rate swaps and swaps. Foreign currency forward contracts, futures contracts, options, and swaps generally are subject to counterparty risk. In addition, swaps may be subject to interest-rate and settlement risk, and the risk of default of the underlying reference obligation. Derivatives associated with foreign currency transactions are subject to currency risk.
Class NAV | U.S. Sector Rotation Fund | Information Technology Companies Risk [Member]  
Risk Return Abstract rr_RiskReturnAbstract  
Risk [Text Block] rr_RiskTextBlock Information technology companies risk.  Information technology companies can be significantly affected by rapid obsolescence, short product cycles, competition from new market entrants, and heightened cybersecurity risk, among other factors.
Class NAV | U.S. Sector Rotation Fund | Large Company Risk [Member]  
Risk Return Abstract rr_RiskReturnAbstract  
Risk [Text Block] rr_RiskTextBlock Large company risk.  Larger companies may grow more slowly than smaller companies or be slower to respond to business developments. Large-capitalization securities may underperform the market as a whole.
Class NAV | U.S. Sector Rotation Fund | Liquidity Risk [Member]  
Risk Return Abstract rr_RiskReturnAbstract  
Risk [Text Block] rr_RiskTextBlock Liquidity risk.  The extent (if at all) to which a security may be sold or a derivative position closed without negatively impacting its market value may be impaired by reduced market activity or participation, legal restrictions, or other economic and market impediments. Liquidity risk may be magnified in rising interest rate environments due to higher than normal redemption rates. Widespread selling of fixed-income securities to satisfy redemptions during periods of reduced demand may adversely impact the price or salability of such securities. Periods of heavy redemption could cause the fund to sell assets at a loss or depressed value, which could negatively affect performance. Redemption risk is heightened during periods of declining or illiquid markets.
Class NAV | U.S. Sector Rotation Fund | Lower Rated And High Yield Fixed Income Securities Risk [Member]  
Risk Return Abstract rr_RiskReturnAbstract  
Risk [Text Block] rr_RiskTextBlock Lower-rated and high-yield fixed-income securities risk.  Lower-rated and high-yield fixed-income securities (junk bonds) are subject to greater credit quality risk, risk of default, and price volatility than higher-rated fixed-income securities, may be considered speculative, and can be difficult to resell.
Class NAV | U.S. Sector Rotation Fund | Mortgage Backed And Asset Backed Securities Risk [Member]  
Risk Return Abstract rr_RiskReturnAbstract  
Risk [Text Block] rr_RiskTextBlock Mortgage-backed and asset-backed securities risk.  Mortgage-backed and asset-backed securities are subject to different combinations of prepayment, extension, interest-rate, and other market risks. Factors that impact the value of these securities include interest rate changes, the reliability of available information, credit quality or enhancement, and market perception.
Class NAV | U.S. Sector Rotation Fund | Operational And Cybersecurity Risk [Member]  
Risk Return Abstract rr_RiskReturnAbstract  
Risk [Text Block] rr_RiskTextBlock Operational and cybersecurity risk.  Cybersecurity breaches may allow an unauthorized party to gain access to fund assets, customer data, or proprietary information, or cause a fund or its service providers to suffer data corruption or lose operational functionality. Similar incidents affecting issuers of a fund’s securities may negatively impact performance. Operational risk may arise from human error, error by third parties, communication errors, or technology failures, among other causes.
Class NAV | U.S. Sector Rotation Fund | Sector Risk [Member]  
Risk Return Abstract rr_RiskReturnAbstract  
Risk [Text Block] rr_RiskTextBlock Sector risk.  When a fund focuses its investments in certain sectors of the economy, its performance may be driven largely by sector performance and could fluctuate more widely than if the fund were invested more evenly across sectors.
Class NAV | U.S. Sector Rotation Fund | Small And Mid Sized Company Risk [Member]  
Risk Return Abstract rr_RiskReturnAbstract  
Risk [Text Block] rr_RiskTextBlock Small and mid-sized company risk.  Small and mid-sized companies are generally less established and may be more volatile than larger companies. Small and/or mid-capitalization securities may underperform the market as a whole.
Class NAV | U.S. Sector Rotation Fund | US Government Agency Obligations Risk [Member]  
Risk Return Abstract rr_RiskReturnAbstract  
Risk [Text Block] rr_RiskTextBlock U.S. government agency obligations risk.  The fund invests in obligations issued by agencies and instrumentalities of the U.S. government. Government-sponsored entities such as Federal National Mortgage Association (Fannie Mae), Federal Home Loan Mortgage Corporation (Freddie Mac) and the Federal Home Loan Banks, although chartered or sponsored by Congress, are not funded by congressional appropriations and the debt securities that they issue are neither guaranteed nor issued by the U.S. government. Such debt securities are subject to the risk of default on the payment of interest and/or principal, similar to the debt securities of private issuers. The maximum potential liability of the issuers of some U.S. government obligations may greatly exceed their current resources, including any legal right to support from the U.S. government. Although the U.S. government has provided financial support to Fannie Mae and Freddie Mac in the past, there can be no assurance that it will support these or other government-sponsored entities in the future.
Class NAV | U.S. Sector Rotation Fund | Class NAV  
Risk Return Abstract rr_RiskReturnAbstract  
Maximum front-end sales charge (load) rr_MaximumCumulativeSalesChargeOverOther none
Maximum deferred sales charge (load) rr_MaximumDeferredSalesChargeOverOther none
Management fee rr_ManagementFeesOverAssets 0.63%
Other expenses rr_OtherExpensesOverAssets 0.04%
Total annual fund operating expenses rr_ExpensesOverAssets 0.67%
Contractual expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.01%) [1]
Total annual fund operating expenses after expense reimbursements rr_NetExpensesOverAssets 0.66%
1 year rr_ExpenseExampleYear01 $ 67
3 years rr_ExpenseExampleYear03 213
5 years rr_ExpenseExampleYear05 372
10 years rr_ExpenseExampleYear10 $ 834
2017 rr_AnnualReturn2017 19.73%
2018 rr_AnnualReturn2018 (5.50%)
2019 rr_AnnualReturn2019 29.61%
2020 rr_AnnualReturn2020 17.10%
2021 rr_AnnualReturn2021 28.00%
2022 rr_AnnualReturn2022 (18.57%)
2023 rr_AnnualReturn2023 24.87%
Year to Date Return, Label rr_YearToDateReturnLabel <span style="font-family:Arial Narrow;font-size:8pt;font-weight:bold;margin-left:0.0pt;">Year-to-date total return through:</span>
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2024
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 21.57%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel <span style="font-family:Arial Narrow;font-size:8pt;font-weight:bold;margin-left:0.0pt;">Best quarter:</span>
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2020
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 19.20%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel <span style="font-family:Arial Narrow;font-size:8pt;font-weight:bold;margin-left:0.0pt;">Worst quarter:</span>
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Mar. 31, 2020
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (19.58%)
1 year rr_AverageAnnualReturnYear01 24.87%
5 year rr_AverageAnnualReturnYear05 14.58%
Since inception rr_AverageAnnualReturnSinceInception 12.55%
Inception Date rr_AverageAnnualReturnInceptionDate Sep. 26, 2016
Class NAV | U.S. Sector Rotation Fund | Return After Taxes on Distributions | Class NAV  
Risk Return Abstract rr_RiskReturnAbstract  
1 year rr_AverageAnnualReturnYear01 24.23%
5 year rr_AverageAnnualReturnYear05 11.65%
Since inception rr_AverageAnnualReturnSinceInception 9.20%
Class NAV | U.S. Sector Rotation Fund | Return After Taxes on Distributions and Sale of Shares | Class NAV  
Risk Return Abstract rr_RiskReturnAbstract  
1 year rr_AverageAnnualReturnYear01 14.73%
5 year rr_AverageAnnualReturnYear05 11.04%
Since inception rr_AverageAnnualReturnSinceInception 9.10%
Class NAV | U.S. Sector Rotation Fund | S&P 500 Index (reflects no deduction for fees, expenses, or taxes)  
Risk Return Abstract rr_RiskReturnAbstract  
1 year rr_AverageAnnualReturnYear01 26.29%
5 year rr_AverageAnnualReturnYear05 15.69%
Since inception rr_AverageAnnualReturnSinceInception 13.51%
[1] The advisor contractually agrees to waive a portion of its management fee and/or reimburse expenses for the fund and certain other John Hancock funds according to an asset level breakpoint schedule that is based on the aggregate net assets of all the funds participating in the waiver or reimbursement, including the fund (the participating portfolios). This waiver equals, on an annualized basis, 0.0100% 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; 0.0200% 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 is calculated daily and allocated among all the participating portfolios in proportion to the daily net assets of each participating portfolio. During its most recent fiscal year, the fund’s reimbursement amounted to 0.01% of the fund’s average daily net assets. This agreement expires on July 31, 2026, unless renewed by mutual agreement of the fund and the advisor based upon a determination that this is appropriate under the circumstances at that time.