John Hancock Tax-Advantaged Global Shareholder Yield Fund (the “Fund”)
Supplement dated July 1, 2017, to the current Prospectus dated March 1, 2017, as may be supplemented
To reflect a reduction in the Fund’s advisory fee rate, effective July 1, 2017, the “Summary of Fund Expenses” section of the Prospectus is revised and restated, in relevant part, as follows:
Annual Expenses (Percentage of Net Assets Attributable to Common Shares) |
|
| Management fees (4) | 0.95% |
| Other expenses (5) | 0.32% |
| Total Annual Expenses | 1.27% |
| (4) | Reflects management fee effective July 1, 2017. See “Management of the Fund—The Advisor” in the accompanying Prospectus for additional information. |
| (5) | Other expenses have been estimated for the current fiscal year. |
EXAMPLE
The following example illustrates the expenses that Common Shareholders would pay on a $1,000 investment in Common Shares, assuming (i) total annual expenses of 1.27% of net assets attributable to Common Shares in years 1 through 10; (ii) sales load of 1.00%, (iii) offering expenses of 0.42%; (iv) a 5% annual return; and (v) all distributions are reinvested at NAV:
1 Year | 3 Years | 5 Years | 10 Years | |||||||||||||
| Total Expenses | $ | 27 | $ | 54 | $ | 83 | $ | 165 | ||||||||
You should read this supplement in conjunction with the prospectus supplement dated March 1, 2017 (the “Prospectus Supplement”).