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. The stability of the investments offsets price fluctuations that may be associated with fixed-income investments. The funds right to receive payments for the benefit of, and its ability to distribute payments to, plan participants depends on the timely liquidation of separate account assets. 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. NOT FDIC INSURED. The Signature Menu was introduced December 8, 2014. Index returns were prepared using Morningstar Direct. For further details, please refer to the Offering Statement and Declaration of Trust. These charges, if included, would otherwise reduce the total return for a participants account. 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 Turnover Ratio shown is based on the most recent available financial statements for the underlying mutual fund, collective trust, or ETF as of the date of printing and is subject to change. Key stable value due diligence areas Stable value isn't built like a mutual fund or a money market fund, and anyone evaluating a stable value fund should understand how it works. 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. Securities are offered through John Hancock Distributors LLC, member FINRA, SIPC.NOT FDIC INSURED. The fact that assets are exposed to credit risk of the insurance company. Moody's appends numerical modifiers 1, 2, and 3 to each generic rating classification from Aa through Caa. i3. For the protection of the participants, account changes are subject to the following short-term trading guidelines when exchanging investment options under your company's qualified retirement plan account with John Hancock. New York Life maintains the Plan's contributions in a separate account. Morningstar calculates monthly breakpoints using the effective duration of the Morningstar Core Bond Index in determining duration assignment. This investment option is deemed a 'Competing' investment option with the Reliance Trust New York Life Anchor Account and may not be available if the Reliance Trust New York Life Anchor Account is selected. Unless otherwise specifically stated in writing, John Hancock Life Insurance Company (U.S.A.) does not, and is not undertaking to, provide impartial investment advice or give advice in a fiduciary capacity. 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. It is divided into two sections, investment grade and speculative grade. Merger and Replacement Transition Risk for Sub-Account. All other performance data is actual (except as otherwise indicated). Earnings Before Interest Taxes and Depreciation Amortization EBITDA is likely to rise to about 213 M in 2023, whereas Net Income Per Employee is likely to drop slightly above 10.4 K in 2023. The indicated separate account is operated by John Hancock Life Insurance Company (U.S.A.), which has claimed an exclusion from the definition of the term 'Commodity Pool Operator' under the Commodity Exchange Act and, therefore, is not subject to registration or regulation as a pool operator under such Act. ***Morningstar Portfolio Ratings All Morningstar data is 2023 by Morningstar, Inc. All rights reserved. Contact your John Hancock representative if you wish to obtain a copy. Information Concerning John Hancocks Short-Term Trading Policy The group annuity contract is not designed for short-term trading. . Equity, or stock underlying funds may be categorized by the size of the securities in which the fund invests (market capitalization). Prepayment Risk for Fixed Income. Categories may be changed based on recent changes to the portfolio. Past performance is no guarantee of future results and current performance may be lower or higher than the performance quoted. Analysis of performance and other indicative facts are also considered. Morningstar Category: 2023 Morningstar. 3A. . Interest Rate Risk for Fixed Income. However, the default of a Stability Provider and an inability to obtain a replacement Stabilizing Agreement could render the fund unable to pay withdrawals at book value. Withdrawals or transfers initiated by participants will generally be paid at book value, except where they are the result of plan sponsor actions. John Hancock and its affiliates provide advisory and/or sub-advisory services for the underlying fund. The highest speculative-grade rating is Ba1. This disclosure provides a brief summary of John Hancock's recordkeeping services, investment-related information including the annual operating expense (e.g. Exchange traded funds and open-ended mutual funds are considered a single population for comparative purposes. 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 These charges, if included, would otherwise reduce the total return for a participant's account. 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. 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. Asset class/Investment style : Asset class refers to the broad category of investments the portfolio, or underlying fund, currently holds. Morningstar data is 2023 by Morningstar, Inc. All rights reserved. Any change in the FER of an underlying fund will affect the Expense Ratio of the investment option which invests in the underlying fund.The ER applies daily at a rate equivalent to the annual rate shown, and may vary to reflect changes in the expenses of an underlying fund and other factors.For Expense Ratio information current as of the most recent quarter end, please refer to the monthly Return and Fees listing available from John Hancock upon request. Peer groups are unmanaged and cannot be invested in directly. 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. Performance does not reflect any applicable contract-level or participant-level charges, fees for guaranteed benefits if elected by participant, or any redemption fees imposed by an underlying mutual fund, collective trust or ETF. The underlying fund company has not reviewed the sub-accounts performance. 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 lowest investment-grade rating is Baa3. For current ratings, please visit www.johnhancock.com/who-we-are.html and refer to the Fact Sheet. Any difference between the market value and book value will be taken into consideration when setting future crediting rates. The Expense Ratio ("ER") shown represents the total annual operating expenses for the investment options made available by John Hancock. Plans that select the Fund may not select any "competing fund" in their plan. The trustee of a stable value fund and/or the manager or sponsor of the underlying investments of a stable value fund typically endeavor to maintain one or more Stabilizing Agreements (also known as a Wrap Agreement) with Stability Provider(s) (also known as Wrap Providers) in an attempt to maintain the book value of the fund or the underlying investments. Unless otherwise specifically stated in writing, John Hancock Life Insurance Company (U.S.A.) does not, and is not undertaking to, provide impartial investment advice or give advice in a fiduciary capacity. Portfolio % allocations will vary over time. Group annuity contracts and recordkeeping agreements are issued by John Hancock Life Insurance Company (U.S.A.), Boston, MA (not licensed in New York). Contact your John Hancock representative if you wish to obtain a copy. 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. 6A. Check John Hancock financial statements over time to gain insight into future company . The Expense Ratio ("ER") shown represents the total annual operating expenses for the investment options made available by John Hancock. 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. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.For each underlying fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in the underlying funds monthly performance (does not include the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. Seeks to provide steady and stable returns with liquidity and a guarantee of principal and interest. Index Performance: With respect to the Funds that display an index performance. Our prudent approach to risk management helps protect customers' money. Returns shown reflect the Expense Ratio of the sub-account. Fund availability subject to regulatory approval and may vary from state to state. 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. 143. 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. : redemption fees), associated with the investment optionsselected under your Contract. Contributions under a group annuity contract issued by John Hancock Life Insurance Company (U.S.A.) (John Hancock USA) are allocated to investment options which: (a) invest solely in shares of an underlying mutual fund, collective trust, or ETF; (b) invest in a combination of these; or (c) are Guaranteed Interest Accounts and which will be held in the John Hancock USA general account. The risk that if the contract is terminated and, as a result, payments from the contract are subject to a negative MVA or are paid over an extended period of time, depending on the terms of the particular contract. A.M. Best RatingAM Best's methodologies for rating is a comprehensive overview of the credit rating process, which consists of quantitative and qualitative evaluations of balance sheet strength, operating performance, business profile, and enterprise risk management.Fitch RatingsThe terms investment grade and speculative grade have established themselves over time as shorthand to describe the categories AAA to BBB (investment grade) and BB to D (speculative grade). Withdrawals that are the result of plan sponsor actions may be subject to a market value adjustment or paid out after a 12-month delay.The FER for the underlying fund includes an advisory fee payable to John Hancock Life Insurance Company (U.S.A.) for services provided to the Trustee, as well as a management fee to John Hancock USA and/or its affiliates in connection with the management of one of the underlying investments. Performance does not reflect any applicable contract-level or participant-level charges, fees for guaranteed benefits if elected by participant, or any redemption fees imposed by an underlying mutual fund, collective trust or ETF. The credit quality breakdown does not give effect to the impact of any credit derivative investments made by the fund.Moody'sThe rating scale, running from a high of Aaa to a low of C, comprises 21 notches. Default by a Stability Provider could result in participant withdrawals from the fund at less than book value. The John Hancock Stable Value Guaranteed Income Fund seeks to preserve capital and provide stability of principal while earning current income that exceeds money market rates over the long term. 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. Analysis of performance and other indicative facts are also considered. 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. 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). 800-395-1113 (Participant Service Center) 800-294-3575 (Open Architecture Plans) Mail to: John Hancock Retirement Plan Services. **A funds investment objectives, risks, charges, and expenses should be considered carefully before investing. Timely payment under unsecured fixed income securities is dependent entirely upon the performance of the issuer, guarantor or counterparty. The risk category in which a Fund is placed is determined based on where the 10 year Standard Deviation (defined below) of the underlying fund's Morningstar Category falls on the following scale: if the 10 year Standard Deviation of the underlying fund's Morningstar Category is 15.00 or higher, the Fund is classified as "Aggressive;" between 13.00 and 14.99 as "Growth;" between 7.00 and 12.99 as "Growth & Income;" between 2.00 and 6.99 as "Income;" and 1.99 and below as "Conservative." or legal statements made herein . 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. The John Hancock Stable Value Guaranteed Income Fund seeks to preserve capital and provide stability of principal while earning current income that exceeds money market rates over the long term. In addition, each insurance company either contractually guarantees or obtains contractual guarantees from third parties insuring against the loss of principal deposited into the Fund and providing that individual participant withdrawals will be paid promptly at book value (i.e., the amount of participant contributions plus interest previously credited, less previous withdrawals) even if the Fund's total book value exceeds the market value of its underlying securities. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.For each underlying fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in the underlying funds monthly performance (does not include the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. + 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. ***Morningstar Portfolio Ratings All Morningstar data is 2023 by Morningstar, Inc. All rights reserved. You want to preserve capital as your primary objective, You want an investment that has a low correlation to equities, You want returns similar to medium-term bond funds with less volatility, You want an investment option that provides liquidity and is generally accessible for withdrawals by participants at book value, You want the added security of an account value that is guaranteed by third parties. The cumulative effect of fees and expenses can substantially reduce the growth of your retirement 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 investment since inception of the underlying investment. Withdrawals or transfers initiated by participants will generally be paid at book value, except where they are the result of plan sponsor actions. Merger and Replacement Transition Risk for Sub-Account. The performance of an Index does not include any portfolio or insurance-related charges. The credit quality breakdown does not give effect to the impact of any credit derivative investments made by the fund.Moody's The rating scale, running from a high of Aaa to a low of C, comprises 21 notches. The John Hancock Stable Value Fund is a collective investment trust that invests in diversified fixed-income mutual funds and contract value stabilizing agreements. An investment in a sub-account will fluctuate in value to reflect the value of the sub-account's underlying fund and, when redeemed, may be worth more or less than original cost. The risk category in which a Fund is placed is determined based on where the 10 year Standard Deviation (defined below) of the underlying fund's Morningstar Category falls on the following scale: if the 10 year Standard Deviation of the underlying fund's Morningstar Category is 15.00 or higher, the Fund is classified as "Aggressive;" between 13.00 and 14.99 as "Growth;" between 7.00 and 12.99 as "Growth & Income;" between 2.00 and 6.99 as "Income;" and 1.99 and below as "Conservative." NOT BANK GUARANTEED. 2023 John Hancock. Fund Expense Ratio or FER). if your plan has selected the John Hancock Stable Value Fund as an Investment Option for its Contract . ** 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.+This class was introduced February 23, 2007. Past performance is no guarantee of future results and current performance may be lower or higher than the performance quoted. This category can include corporate or government ultrashort bond portfolios, but it excludes international, convertible, multisector, and high yield bond portfolios. Sub-Account Inception Date: July 24, 2020 Underlying fund Inception Date: July 24, 2020. Performance current to the most recent month-end is available at myplan.johnhancock.com. Principal risks include:merger and replacement, asset-backed security, market risk for Fixed Income, extension, John Hancock, investment grade, stablilizing agreement/wrap provider, risk of increase expenses, interest rate Fixed Income, manager risk for Fixed Income, credit and counterparty, prepayment and maturity/duration. 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. For the most up-to-date semiannual crediting rates, please call 800-395-1113. Although the underlying portfolio seeks to preserve the value of an investment, it is possible to lose money by investing in this portfolio. 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. The underlying securities in each portfolio are the primary factor Morningstar uses as the investment objective and investment strategy stated in a funds prospectus may not be sufficiently detailed for our proprietary classification methodology. Because the fund invests in the separate account, the value of the fund and its ability to honor withdrawal requests from plan participants depends, in part, on the performance of JHLH. Past performance is no guarantee of future results.Morningstar assigns categories by placing funds into peer groups based on their underlying holdings. NOT BANK GUARANTEED. 2023 John Hancock. Learn More Fixed income, or bond Funds are often categorized by the duration and credit quality of the bonds held in the underlying fund. The Fund's investment objective is to provide total return with a focus on current income and gains and also consisting of long-term capital appreciation.Under normal circumstances, the Fund will invest at least 80% of its net assets (assets plus borrowings for investment purposes) in equity and equity-related securities. Due to abnormal market conditions or redemption activity the fund may temporarily invest in cash and cash equivalents. No outcome establish. These impacts are absorbed by other fund investors, including retirement plan participants. 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. 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. 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. 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). Although gathered from reliable sources, the information is not represented or warranted by Morningstar to be accurate, correct, complete or timely. The credit quality breakdown does not give effect to the impact of any credit derivative investments made by the fund.Moody's The rating scale, running from a high of Aaa to a low of C, comprises 21 notches. Performance charts for John Hancock Stable Value Portfolio Fund (JMGWX) including intraday, historical and comparison charts, technical analysis and trend lines. Net assets represent the sum of participant balances on deposit in this plan's stable valueinvestment option. The fund's primary investment objectives are to preserve principal, maintain a competitive . Performance does not reflect any applicable contract-level or certain participant-level charges. Ultrashort is defined as 25% of the three-year average effective duration of the MCBI. For further details regarding risk and other risks that may apply please refer to the John Hancock Stable Value Guaranteed Income Fund Product Guide. It is fully portable and. Fees and expenses are only one of several factors that you should consider when making investment decisions. S&PCredit ratings of AA- or better are considered to be high credit quality; credit ratings of BBB- are good credit quality and the lowest category of investment grade; credit ratings BB+ and below are lower-rated securities (junk bonds); and credit ratings of CCC+ or below have high default risk. You can visit the Employee Benefit Security Administration's Web site for an example demonstrating the long-term effect of fees and expenses. The fund invests a portion of its assets (including cash and cash equivalents) in a separate account of John Hancock Life & Health Insurance Company (JHLH). It is divided into two sections, investment grade and speculative grade. Although the underlying portfolio seeks to preserve the value of an investment, it is possible to lose money by investing in this portfolio. The ticker symbols shown are for the underlying mutual fund, collective trusts or ETFs in which sub-accounts are invested. It is made up of John Hancock's (i) "Revenue from Sub-account", and (ii) the expenses of the underlying fund (based on expense ratios reported in the most recent prospectuses available as of the date of printing; "FER"). 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. It is divided into two sections, investment grade and speculative grade. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Investment Grade Securities for Fixed Income. All rights reserved. Asset-backed securities include interests in pools of residential or commercial mortgages, debt securities, commercial or consumer loans, or other receivables. Here are three reasons why stable value funds can withstand a higher interest-rate environment. It is made up of John Hancock's (i) "Revenue from Sub-account", and (ii) the expenses of the underlying fund (based on expense ratios reported in the most recent prospectuses available as of the date of printing; "FER"). 166. Allocation percentages may vary or be adjusted due to market or economic conditions or other reasons as set out in the prospectus. For the avoidance of doubt, Competing Investment Option will not include any self-directed brokerage account, or any investment option made available through a self-directed brokerage account. Accordingly, the actual market value of the underlying assets may, at times, be greater than or less than the book value of the Portfolio. Refer to the prospectus of the underlying fund for details.When calculating the Expense Ratio of the sub-account, the net expense ratio of the underlying fund is used.

Operation Greenlight Cold War Password, What Happened To Jack Cafferty, Virgin Tightening Surgery Before And After, Theta Phi Alpha Oath And Resolution, Companies That Donate To Golf Outings, Articles J