52. However, if the book value of the Fund exceeds the market value of underlying securities, the stabilizing agreements provide that the payment of certain withdrawals may be delayed for up to 12 months unless the plan or the participant requesting the withdrawal elects to accept such payment subject to a market value adjustment. Net assets are more likely to decrease and fund expense ratios are more likely to increase when markets are volatile. Past performance is not a guarantee of future results. The value of such securities depends on many factors, including, but not limited to, changes in interest rates, the structure of the pool and the priority of the securities within that structure, the credit quality of the underlying assets, the skill of the pools servicer, the market's perception of the pools servicer, and credit enhancement features (if any). Weightings - Applicable to only the Target Date (Lifecycle Portfolio) and Target Risk (Lifestyle Portfolios) Each Target Risk/Target Date Portfolio has a target percentage allocation designed to meet the investment objectives of a corresponding investment orientation. 166. Here are three reasons why stable value funds can withstand a higher interest-rate environment. These charges, if included, would otherwise reduce the total return for a participant's account. How stable value funds work | John Hancock Retirement This information is not intended as investment advice and there can be no assurance that any investment option will achieve its objectives or experience less volatility than another. The performance of an Index does not include any portfolio or insurance-related charges. **A funds investment objectives, risks, charges, and expenses should be considered carefully before investing. Stable value fund due diligence| John Hancock Retirement The following two questions are made available to the Financial Representative (FR) on this plan to address questions relating to 408(b)(2) or John Hancock's 408(b)(2) disclosures. Investments in investment-grade securities that are not rated in the highest rating categories may lack the capacity to pay principal and interest compared with higher-rated securities and may be subject to increased credit risk. The underlying mutual fund, collective trust, or ETF has the right to restrict trade activity without prior notice if a participant's trading is determined to be in excess of their exchange policy, as stated in the prospectus or offering memorandum. Once the plan fiduciary has been notified and unless they elect otherwise, in the case of fund mergers and replacements, the affected funds that are being merged or replaced may implement the redemption of your interest by payment in cash or by distributing assets in kind. Merger and Replacement Transition Risk for Sub-Account. Stable Value Portfolio, which seeks to maintain stability of principal and maximize current income, joined John Hancock Freedom 529 education savings plan's lineup of investment options on December 1, 2022. John Hancock Life Insurance Company has a more than 30-year track record of backing guaranteed interest contracts and has been a stable value asset manager since 2006, with total stable. Issuer Risk for Guaranteed Fund. For further details regarding risk and other risks that may apply please refer to the John Hancock Stable Value Guaranteed Income Fund Product Guide. 128. John Hancock Credit Risk. This information is not intended as investment advice and there can be no assurance that any investment option will achieve its objectives or experience less volatility than another. 143. Ultrashort Bond: Ultrashort bond portfolios invest primarily in investment-grade U.S. fixed-income issues and have durations of less than one year (or, if duration is unavailable, average effective maturities of less than one year). 239. In the case where an underlying fund has either waived a portion of, or capped, its fees, the FER used to determine the ER of the sub-account that invests in the underlying fund is the net expense ratio of the underlying fund. Securities are offered through John Hancock Distributors LLC, member FINRA, SIPC.NOT FDIC INSURED. NOT BANK GUARANTEED. 2023 John Hancock. Asset-backed securities include interests in pools of residential or commercial mortgages, debt securities, commercial or consumer loans, or other receivables. Please confirm with your local John Hancock Representative if you have any questions about product, Fund or contract feature availability. The performance data presented represents past performance. Standard Deviation is defined by Morningstar as a statistical measurement of dispersion about an average, which, for an underlying fund, depicts how widely the returns varied over a certain period of time.The placement of each investment option's risk/return category is subject to change. Please confirm with your local John Hancock Representative if you have any questions about product, Fund or contract feature availability. Manager or Sub-Adviser refers to the manager of the underlying fund, or to the sub-adviser of the underlying John Hancock Trust, John Hancock Funds II, or John Hancock Funds III fund in which the sub-account invests. Examples of business or market sectors where this risk may be particularly high include: a) technology-related businesses, including Internet-related businesses, b) small-cap securities and c) foreign securities. Stable value funds and interest rates | John Hancock Retirement "Underlying fund" includes the underlying mutual fund, collective trust, or ETF in which a sub-account invests. Contact your John Hancock representative if you wish to obtain a copy.Units of the Fund have not been registered under the Securities Act of 1933, as amended, or under the securities laws of any other jurisdiction; and the Fund is not registered under the Investment Company Act of 1940, as amended, or other applicable law, and participants are not entitled to the protections of such Act. Performance current to the most recent month-end is available at myplan.johnhancock.com. Prospectuses are not required and prices are not available in local publications. Source: Morningstar Direct for Mutual Funds, as of the most recent month end. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. The obligations of each Stability Provider are general, unsecured obligations of such Stability Provider. Allocating assets to only one or a small number of the investment options (other than an asset allocation investment option such as a target date or target risk option) should not be considered a balanced investment program. The effect of short-term trading may disrupt or be potentially disruptive to the management of the fund underlying an investment option and may thereby adversely impact the underlying funds performance, either by impacting fund management practices or by increasing fund transaction costs. "John Hancock Stable Value Guaranteed Income Fund provides an option to retirement . This investment option is deemed a 'Competing' investment option with the Reliance MetLife Stable Value Fund and may not be available if the Reliance MetLife Stable Value Fund is selected. Past performance is no guarantee of future results and current performance may be lower or higher than the performance quoted. If the sub-account inception date is after February 23, 2007, then the class introduction date is the same as the sub-account inception date. . Listed holdings do not represent all of the holdings in the underlying fund. 166. PDF Financial Strength Fact Sheet - Manulife The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. For further details, please refer to the Offering Circular and Declaration of Trust. The information shown is based on the most recent available information for the underlying mutual fund, collective trust, or ETF (collectively referred to as underlying fund) as of the date of printing and is subject to change. NOT BANK GUARANTEED. 2023 John Hancock. John Hancock reported Revenue Per Employee of 180,251 in 2022. If the sub-account inception date is after February 23, 2007, then the class introduction date is the same as the sub-account inception date.Returns for any period greater than one year are annualized. These charges, if included, would otherwise reduce the total return for a participant's account. Like money market, stable value pays interest and offers a fixed net asset value. ****Expense Ratio (ER) This material shows expenses for a specific unit class for investment options available under a John Hancock group annuity contract. Any difference between the market value and book value will be taken into consideration when setting future crediting rates. Although gathered from reliable sources, the information is not represented or warranted by Morningstar to be accurate, correct, complete or timely. + When contributions are allocated to Funds under your employer's group annuity contract with John Hancock, they will be held in a sub-account (also referred to as "Fund"), which invests in shares of the specified underlying mutual fund, collective trust, ETF or a combination of these. For more information or to order prospectuses for the underlying investments, call 800-395-1113 and speak to a client account representative. An investment in this portfolio is not insured or guaranteed by The Federal Deposit Insurance Corporation or any other government agency. Recognizing that there may be extreme market or other circumstances requiring a participant to make a further change, John Hancock will allow a participant to move 100% of their assets to a Money Market or Stable Value Fund (as available under the contract after the exchange limit has been reached; no subsequent exchanges may be made for 30 days This investment option is deemed a "Competing" investment option with the John Hancock Stable Value Fund and may not be available. The availability of products, Funds and contract features may be subject to Broker-Dealer Firm approval, State approval, Broker Licensing requirements, tax law requirements, or other contract-related requirements. The effect of short-term trading may disrupt or be potentially disruptive to the management of the fund underlying an investment option and may thereby adversely impact the underlying funds performance, either by impacting fund management practices or by increasing fund transaction costs. Accordingly, the actual market value of the underlying assets may, at times, be greater than or less than the book value of the Portfolio. "Underlying fund" includes the underlying mutual fund, collective trust, or ETF in which a sub-account invests. If these charges were reflected, performance would be lower. Depending on the Funds selected or recommended by the plan fiduciaries (and whether or not any Funds are recommended or selected), John Hancock and its affiliates may receive additional compensation from the Funds, in the form of 12b-1 fees, transfer agent fees, investment management fees, or otherwise. Manulife and John Hancock have strong financial strength ratings1from AM Best Company ("AM Best"), DBRS Limited and affiliated entities ("DBRS Morningstar"), Fitch Ratings Inc. ("Fitch"), Moody's Investors Service Inc. ("Moody's") and S&P Global Ratings ("S&P"). Fund0.611.832.462.702.843.11--Performance is based on the historical crediting rates applied to balances on deposit in this plan'sstable value investment option and is net of total fees. Please call 800-395-1113 to obtain the Fund Sheet for the group annuity investment option sub-accounts and/or to obtain a prospectus (or Offering Memorandum/Trust Document) for the sub-accounts' underlying fund, that are available on request. Learn More The objective of the John Hancock Stable Value Fund is preservation of capital and returns that beat money market funds over a full interest rate cycle. JOHN HANCOCK STABLE VALUE RETURN FUND R6 - Insider It is divided into two sections, investment grade and speculative grade. Where the figures are different, the underlying fund has either waived a portion of, or capped its fees, and the result of such fee waiver or cap is reflected in the net expense ratio.The waiver or cap is subject to expiration, in which case the Expense Ratio and performance of the sub account may be impacted. Performance current to the most recent month-end is available at myplan.johnhancock.com. Although gathered from reliable sources, the information is not represented or warranted by Morningstar to be accurate, correct, complete or timely. For further details, please refer to the Offering Circular and Declaration of Trust. SEC.gov | HOME 2A. Moody's appends numerical modifiers 1, 2, and 3 to each generic rating classification from Aa through Caa. JSJWX Quote - John Hancock Stable Value Portfolio Fund john hancock stable value fund financial statements (2022) Ratings are a comprehensive measure of financial strength. Past performance is no guarantee of future results and current performance may be lower or higher than the performance quoted. A Separate Account or a portfolio related to other benefit responsive contracts may invest in asset-backed securities. Once the plan fiduciary has been notified and unless they elect otherwise, in the case of fund mergers and replacements, the affected funds that are being merged or replaced may implement the redemption of your interest by payment in cash or by distributing assets in kind. John Hancock and its affiliates provide advisory and/or sub-advisory services for the underlying fund. HEQ | CEF Snapshot - Fidelity 4A. MAY LOSE VALUE. 800-395-1113 (Participant Service Center) 800-294-3575 (Open Architecture Plans) Mail to: John Hancock Retirement Plan Services. John Hancock Retirement : Offers New Stable Value Guaranteed Income Fund Stable value funds generally provide a higher return Stable value funds are also viewed as safe investments. This investment option is deemed a 'Competing' investment option with the Federated Capital Preservation Fund and may not be available if the Federated Capital Preservation Fund is selected. Increased rates of prepayments will generally result in a loss of interest income if the portfolio manager is required to reinvest at a lower interest rate. John Hancock Retirement Offers New Stable Value Guaranteed Income Fund Requests may be cancelled if not within our guidelines.Participants are allowed a maximum of two exchanges per calendar month. Such trade restrictions may be more restrictive than the above guidelinesRestricting the number of exchanges made during a defined periodRestricting the dollar amount of exchangeRestricting the method used to submit exchanges (e.g., requiring exchange requests to be submitted in writing via U.S. mail)Restricting exchanges into and out of certain investment options Participants can read about the short-term trading policy at myplan.johnhancock.com under the "modify your account - change account" feature. These charges, if included, would otherwise reduce the total return for a participant's account. Redemption fees or market value adjustments associated with exchanges from particular investment options are described on applicable fund sheets, which are available online. Morningstar calculates monthly breakpoints using the effective duration of the Morningstar Core Bond Index in determining duration assignment. Performance data reflects changes in the prices of a sub-account's investments (including the shares of an underlying fund), reinvestment of dividends and capital gains and deductions for the Expense Ratio (ER). Market Risk for Fixed Income. The statements in this letter represent the views of the Division of Investment Management. ****Expense Ratio (ER) This material shows expenses for a specific unit class for investment options available under a John Hancock group annuity contract. Also, the redemption and reinvestment processes, including any transition period that may be involved in completing such mergers and replacements, could be subject to market gains or losses, including those from currency exchange rates. If the fund is new and has no portfolio history, Morningstar estimates where it will fall before giving it a permanent category assignment. John Hancock Retirement Offers New Stable Value Guaranteed Income Fund Stable value funds post high yields with relatively low risk, and your retirement plan could already be invested in this asset class. The John Hancock Stable Value Fund is a collective investment trust that invests in diversified fixed-income mutual funds and contract value stabilizing agreements. All other performance data is actual (except as otherwise indicated). Performance data reflects changes in the prices of a sub-account's investments (including the shares of an underlying mutual fund, collective trust, or ETF), reinvestment of dividends and capital gains and deductions for the sub-account charges.The performance data presented represents past performance. From time to time, changes are made to Funds, and the availability of these changes may be subject to State approvals or other compliance requirements. The cumulative effect of fees and expenses can substantially reduce the growth of your retirement account. In particular, allocating assets to a small number of investment options concentrated in particular business or market sectors could subject an account to increased risk and volatility. They're exempt from many of the regulatory requirements that drive mutual fund expenses, generally giving them a fee advantage over mutual funds. To preserve capital and provide stability of principal while earning current income that exceeds money market rates over the long term.The Fund is invested primarily in diversified fixed income funds and separately managed bond accounts run by internal and external sub-managers selected by John Hancock in its capacity as advisor to the Fund and John Hancock Investment Management adds stable value portfolio and As interest rates decline, the issuers of certain fixed income securities, including asset-backed securities, may prepay principal earlier than scheduled, forcing the applicable portfolio manager to reinvest in potentially lower yielding securities. Because of their focus on bonds with very short durations, these portfolios offer minimal interest-rate sensitivity and therefore low risk and total return potential. Manager or Sub-Adviser refers to the manager of the underlying fund, or to the sub-adviser of the underlying John Hancock Trust, John Hancock Funds II, or John Hancock Funds III fund in which the sub-account invests. John Hancock Retirement Offers New Stable Value Guaranteed Income Fund ** Performance of the Sub-account The performance data for a sub-account for any period prior to the sub-account Inception Date is hypothetical based on the performance of the underlying portfolio.+ The Signature Menu was introduced December 8, 2014. Returns for any period greater than one year are annualized. John Hancock Life Insurance Company has a more than 30-year track record of backing guaranteed interest contracts and has been a stable value asset manager since 2006, with total stable value assets under management above $2.7 billion with over 12,000 plans 1. 1A. Performance information current to the most recent month-end is available on our website myplan.johnhancock.com. 26. Date sub-account or Guaranteed Interest Account first available under group annuity contract. "Underlying fund" or "fund" refers to the underlying mutual fund, collective trust, or exchanged traded fund ("ETF") in which the investment option invests.The FER is determined by the underlying fund and may be subject to fluctuation. apply to regular allocations, loans, or withdrawalsIn addition, on an ongoing basis, participant account activity is reviewed for trading activity that, though within the monthly exchange limit, could be detrimental to an underlying fund and/or contrary to its exchange policies, as described in the funds prospectus. The fixed income portfolios. Unless your plan sponsor has elected the Market Value Recovery feature, there are no stated fees for investing in this fund. Index Performance: With respect to the Funds that display an index performance. The cumulative effect of fees and expenses can substantially reduce the growth of your retirement account. Sub-Account Inception Date: July 24, 2020 Underlying fund Inception Date: July 24, 2020. Investments in the Fund will accrue interest at the applicable monthly crediting rate, which rate will be set based upon a formula but may be adjusted from time to time as agreed upon by the Stability Provider(s) and John Hancock Life Insurance Company (USA). These charges, if included, would otherwise reduce the total return for a participants account. Moody's appends numerical modifiers 1, 2, and 3 to each generic rating classification from Aa through Caa. Depending on the Funds selected or recommended by the plan fiduciaries (and whether or not any Funds are recommended or selected), John Hancock and its affiliates may receive additional compensation from the Funds, in the form of 12b-1 fees, transfer agent fees, investment management fees, or otherwise. Contact your John Hancock representative if you wish to obtain a copy. 11-k - Sec Although the underlying portfolio seeks to preserve the value of an investment, it is possible to lose money by investing in this portfolio. The John Hancock Stable Value Fund is invested primarily in benefit responsive contracts issued by state regulated insurance companies and banks, including but not limited to John Hancock Life & Health Insurance Company. Although individual securities or individual funds may outperform the market, the entire market may decline as a result of rising interest rates, regulatory developments or deteriorating economic conditions. . All other performance data is actual (except as otherwise indicated). The highest speculative-grade rating is Ba1. The lowest investment-grade rating is Baa3. An investor purchasing a fixed income security faces the risk that the value of that fixed income security may decline because the credit-worthiness of the issuer, guarantor or other counterparty may deteriorate or such party may fail to make timely payments of interest or principal to the investor. Equity, or stock underlying funds may be categorized by the size of the securities in which the fund invests (market capitalization). If the weighted value of certain indexes changes by more than 2%, John Hancock reserves the right to reset the crediting rate on October 1 or April 1. For more information on a particular investment option, please refer to John Hancock USA's Fund sheets, available through the Web site or your John Hancock USA representative. Investment style tells you whether the underlying fund invests in securities of companies that exhibit growth-style characteristics, such as above-average revenue and earnings growth, or in securities that exhibit value-style characteristics, such as shares considered to be underpriced in relation to fundamental measures such as revenues, earnings and assets. The total revenue John Hancock and its affiliates receive from a fund advised or subadvised by John Hancock affiliates is higher than those advised or subadvised exclusively by unaffiliated entities. FINANCIAL STATEMENTS AND EXHIBITS . The lowest investment-grade rating is Baa3. Although there can be no assurances that all risks can be eliminated, John Hancock as manager of the underlying funds will use its best efforts to manage and minimize such risks and costs. The Plan invests in the John Hancock Stable Value Fund which is a collective investment trust fund sponsored by John Hancock. Net assets represent the sum of participant balances on deposit in this plan's stable valueinvestment option. The John Hancock Stable Value Fund is invested primarily in benefit responsive contracts issued by state regulated insurance companies and banks, including but not limited to John Hancock Life & Health Insurance Company. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Private Fund Risk. The transaction costs and potential market gains or losses could have an impact on the value of your investment in the affected fund and in the ''new'' fund, and such market gains or losses could also have an impact on the value of any existing investment that you or other investors may have in the ''new'' fund. The underlying fund company has not reviewed the sub-accounts performance. PDF John Hancock's ERISA 408(b)(2) Disclosure Index performance shown is for a broad-based securities market index. Withdrawals caused by the Plan sponsor may either be paid out immediately (subject to a market value adjustment) or at the full contract value over a period of five years. Fees and expenses are only one of several factors that you should consider when making investment decisions. The contracts provide daily liquidity at their contract value. John Hancock and its affiliates provide advisory and/or sub-advisory services for the underlying fund. As a result of this review, or if requested by a fund company, additional restrictions may be imposed on a participant's retirement account, including but not limited to:Applying redemption fees and/or trade restrictions as requested by the underlying fund manager. Categories may be changed based on recent changes to the portfolio. Document - SEC GAverage Credit Quality is from a Nationally Recognized Statistical Rating Organization (NRSRO). PZFVX - JHancock Classic Value A Fund Stock Price | Morningstar The ticker symbols shown are for the underlying mutual fund, collective trusts or ETFs in which sub-accounts are invested. In particular, allocating assets to a small number of options concentrated in particular business or market sectors will subject your account to increased risk and volatility. This letter is not a rule, regulation or statement of the Commission, and the Commission has neither approved nor .
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