. Collective investment trusts (CITs) are tax-exempt, pooled investment vehicles maintained by a bank or trust company, and they're available only to ERISA-qualified retirement accounts. For example, expense ratios may be higher than those shown if a fee limitation is changed or terminated or if average net assets decrease. John Hancock Retirement Offers New Stable Value Guaranteed Income Fund 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. These charges, if included, would otherwise reduce the total return for a participant's account. John Hancock Stable Value Fund, Investment Company Act Section 3 (c 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. ****Expense Ratio (ER) This material shows expenses for a specific unit class for investment options available under a John Hancock group annuity contract. 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. 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. Crediting Rate is set in advance and is guaranteed by John Hancock Life Insurance Company (USA) and will not be less than 1%. 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. All performance calculations shown have been prepared solely by John Hancock USA. FINANCIAL STATEMENTS AND EXHIBITS . 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. It is divided into two sections, investment grade and speculative grade. 5A. Manager Risk for Fixed Income. ****Expense Ratio (ER) This material shows expenses for a specific unit class for investment options available under a John Hancock group annuity contract. 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. or legal statements made herein . Contact your John Hancock representative if you wish to obtain a copy. JMGWX Quote - John Hancock Stable Value Portfolio Fund Federated Hermes Capital Preservation Fund The lowest investment-grade rating is Baa3. Actively managed investments are subject to the risk that the investment managers usage of investment techniques and risk analysis to make investment decisions fails to perform as expected, which may cause the relevant portfolio to lose money or underperform investments with similar objectives and strategies or the market in general. 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. Allocating assets to only one or a small number of the investment options (other than the Target Date Lifecycle or Target Risk Lifestyle options) should not be considered a balanced investment program. No outcome establish. 143. Ratings are a comprehensive measure of financial strength. John Hancock Stable Value Fund - viewjhfunds.com 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. An exchange is defined as the full rebalance of a participants account, or single or multiple fund-to-fund transfers that involve multiple investment options (also referred to as inter-account transfers) on one day, and may be made over the Web, by fax, courier or mail, through our toll-free participant services line, or with a client account representative.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.Once the 30-day hold has expired, participants can trade again in accordance with the above guidelines.The guidelines do not. Source: Morningstar Direct for Mutual Funds, as of the most recent month end. The John Hancock Stable Value Fund is a collective investment trust that invests in diversified fixed-income mutual funds and contract value stabilizing agreements. Generally, fixed income investments will decrease in value when interest rates rise (and increase in value when interest rates fall). 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. Moody's appends numerical modifiers 1, 2, and 3 to each generic rating classification from Aa through Caa. All other performance data is actual (except as otherwise indicated). Peer groups are unmanaged and cannot be invested in directly. These charges, if included, would otherwise reduce the total return for a participants account. December 31, 2020 and 2019 . All performance calculations shown have been prepared solely by John Hancock USA. Morningstar data is 2023 by Morningstar, Inc. All rights reserved. The financial statement effects of a tax position are recognized when the position is more likely than not, based on the technical merits, to be sustained upon examination by the IRS. * The Net expense ratio shown is for the underlying fund and reflects any fee waivers or expense reimbursements and is subject to change. The actual market value of the underlying assets may, at times, be greater than or less than the book value of the Fund. 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. Peer groups are unmanaged and cannot be invested in directly. PDF John Hancock's ERISA 408(b)(2) Disclosure Listed holdings do not represent all of the holdings in the underlying fund. The performance of an Index does not include any portfolio or insurance-related charges. John Hancock conducts business in English. 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. However, through its Stabilizing Agreements with one or more Stability Providers, the Fund is designed to meet Department of Labor requirements for 'grandfathered' default contributions under 29 CFR 2550.404c-5(e)(4)(v). They're exempt from many of the regulatory requirements that drive mutual fund expenses, generally giving them a fee advantage over mutual funds. Ratings are for John Hancock Life Insurance Company (U.S.A.) (John Hancock) and do not apply to any separate investment accounts or sub- accounts offered by John Hancock or its affiliates. 142. 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. Withdrawals for plan distributions, loans, hardship withdrawals, and transfers to other investments will be paid at full value. All rights reserved. John Hancock Retirement Offers New Stable Value Guaranteed Income Fund Please change your search terms and try new. If a 10 year Standard Deviation is not available for a Morningstar Category, then the 5 year Standard Deviation of the underlying fund's Morningstar Category is used to determine the Fund's risk category. NOT BANK GUARANTEED. 2023 John Hancock. p45. 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. The cumulative effect of fees and expenses can substantially reduce the growth of your retirement account. All Rights Reserved. 128. 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). 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. PDF Wilmington Trust Collective Investment Trust Wtna Stable Value Funds What is a CIT | John Hancock Retirement Returns shown reflect the Expense Ratio of the sub-account. john hancock stable value fund financial statements (2022) The ticker symbols shown are for the underlying mutual fund, collective trusts or ETFs in which sub-accounts are invested. For further details, please refer to the Offering Circular and Declaration of Trust. The Expense Ratio ("ER") shown represents the total annual operating expenses for the investment options made available by John Hancock. Refer to the Massachusetts contract form for more details about the John Hancock Stable Value Guaranteed Income Fund. This category can include corporate or government ultrashort bond portfolios, but it excludes international, convertible, multisector, and high yield bond portfolios. Stable value funds and interest rates | John Hancock Retirement The John Hancock Stable Value Fund invests a portion of its assets in a separate investment account maintained by John Hancock Life & Health Insurance Company ('John Hancock Life & Health'), an affiliate of John Hancock USA, which has claimed an exclusion from the definition of the term 'Commodity Pool Operator' under CFTC Regulation 4.5 under the Commodity Exchange Act with respect to its operation of such separate account and, therefore, John Hancock Life & Health is not subject to registration or regulation as a pool operator under Regulation 4.5 for such separate account. The total revenue John Hancock receives on this Fund is higher than those advised or sub-advised exclusively by unaffiliated entities. 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. The stability of the investments offsets price fluctuations that may be associated with fixed-income investments. Allocation percentages may vary or be adjusted due to market or economic conditions or other reasons as set out in the prospectus. 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. Crediting Rate is set in advance and is guaranteed by John Hancock Life Insurance Company (USA) and will not be less than 1%. These impacts are absorbed by other fund investors, including retirement plan participants. This design allows money market funds to maintain a fixed net asset value and daily liquidity at the same time. Your company's qualified retirement plan offers participants the opportunity to contribute to investment options available under a group annuity contract with John Hancock Life Insurance Company (U.S.A.) (John Hancock USA). 11-k - Sec The interest rate is declared in advance of the semiannual rate reset period. How Do Stable Value Funds Work? - SmartAsset 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). PZFVX - JHancock Classic Value A Fund Stock Price | Morningstar For more details, see Important Notes (52). 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. Past performance is no guarantee of future results.Morningstar assigns categories by placing funds into peer groups based on their underlying holdings. 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. Index Performance: With respect to the Funds that display an index performance. 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. 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. The stable value fund is managed by Galliard, a subsidiary of Wells Fargo Bank, N.A., custodian for the fund. 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. Contact your John Hancock representative if you wish to obtain a copy. John Hancock Life Insurance Company (U.S.A.) makes available a platform of investment alternatives to sponsors or administrators of retirement plans without regard to the individualized needs of any plan. 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. 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 investment options may be sub-accounts (pooled funds) investing directly in underlying mutual fund, collective trusts, or ETFs, or they may be Guaranteed Interest Accounts.The Funds offered on the JH Signature platform are classified into five risk categories. 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. John Hancock Retirement Plan Services 200 Berkeley Street Boston, MA 02116. Not available to defined benefit plans. Here are three reasons why stable value funds can withstand a higher interest-rate environment. The issuer of a security may repay principal more slowly than expected because of rising interest rates. Performance current to the most recent month-end is available at myplan.johnhancock.com. 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. Date sub-account or Guaranteed Interest Account first available under group annuity contract.This class was introduced February 23, 2007. All rights reserved. Stable Value Options invests in Voya's Stabilizer managed separate account annuity contract, issued by Voya Retirement Insurance and Annuity Company. 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. Market Risk for Fixed Income. Thus, the ability of a stable value fund to pay withdrawals at book value depends on the ability of the Stability Provider(s) to make payments under the Stabilizing Agreements. 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). 26. Contact your John Hancock representative if you wish to obtain a copy. Fund availability subject to regulatory approval and may vary from state to state. : redemption fees), associated with the investment optionsselected under your Contract. Performance information current to the most recent month-end is available on our website myplan.johnhancock.com. For further details, please refer to the Offering Circular and Declaration of Trust. The Expense Ratio ("ER") shown represents the total annual operating expenses for the investment options made available by John Hancock. Performance data for a sub-account for any period prior to the date introduced is shown in bold and is hypothetical based on the performance of the underlying fund. Past performance is no guarantee of future results. The highest speculative-grade rating is Ba1. Net assets are more likely to decrease and fund expense ratios are more likely to increase when markets are volatile. 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. 6A. 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." Performance charts for John Hancock Stable Value Portfolio Fund (JMGWX) including intraday, historical and comparison charts, technical analysis and trend lines. Equity, or stock underlying funds may be categorized by the size of the securities in which the fund invests (market capitalization). 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 fund is a stable value product that guarantees principal and accumulated interest. If a 5 year Standard Deviation is not available for a Morningstar Category, then the 5 year Standard Deviation of the underlying fund's Morningstar Category Index is used to determine the Fund's risk category. See important note (52) for more details. If John Hancock earns less than the crediting rate, John Hancock will pay the difference out of its own funds. 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. Source: Morningstar Direct for Mutual Funds, as of the most recent month end. Seeks to preserve capital and provide stability of principal while earning current income that exceeds money market rates over the long term. 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. 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. For these services, John Hancock and its affiliates receive additional fees which are included in the underlying fund expense ratio (i.e. Investment grade categories indicate relatively low to moderate credit risk, while ratings in the speculative categories either signal a higher level of credit risk or that a default has already occurred.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. This investment option is deemed a "Competing" investment option with the John Hancock Stable Value Fund and may not be available. The cumulative effect of fees and expenses can substantially reduce the growth of your retirement account. Performance does not reflect any applicable contract-level or certain participant-level charges, or any redemption fees imposed by an underlying fund company. If the John Hancock Stable Value Guaranteed Investment Fund ('SVGIF') is selected or if the Fund selected invests in the SVGIF, John Hancock may earn more from amounts invested in its general account via SVGIF than the interest amount it credits to SVGIF contract holders, depending on investment and market conditions affecting the general account, in which case this 'spread' revenue is retained by John Hancock. Merger and Replacement Transition Risk for Sub-Account. 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. + 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. All Rights Reserved. Past performance is no guarantee of future results and current performance may be lower or higher than the performance quoted. AThe amounts displayed below represent the gross and net expense ratios of the underlying fund in which the sub-account invests. For these services, John Hancock and its affiliates receive additional fees which are included in the underlying fund expense ratio (i.e. 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. Because the crediting rate is set monthly in advance, there can be no assurance that the crediting rate will accurately reflect the actual performance of the Portfolios underlying assets. 5A. 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. 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. Funds are placed in a category based on their portfolio statistics and compositions over the past three years. The highest speculative-grade rating is Ba1. Seeks to provide steady and stable returns with liquidity and a guarantee of principal and interest. Many fixed income investments face the risk that the securities will decline in value because of changes in interest rates. 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. Crediting Rate is an Approximation. 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 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. Morningstar calculates monthly breakpoints using the effective duration of the Morningstar Core Bond Index in determining duration assignment. 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. Allocating assets to only one or a small number of the investment options (other than the Target Date Lifecycle or Target Risk Lifestyle options) should not be considered a balanced investment program. 52. PDF Financial Strength Fact Sheet - Manulife All other performance data is actual (except as otherwise indicated). The fixed income portfolios selected for . Form 11-K - SEC 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. For further details, please refer to the Offering Statement and Declaration of Trust. Morningstar ratings are applicable to the underlying only and reflect historical risk-adjusted performance as of the most recent calendar quarter-end. 800-395-1113 (Participant Service Center) 800-294-3575 (Open Architecture Plans) Mail to: John Hancock Retirement Plan Services. Date sub-account or Guaranteed Interest Account first available under group annuity contract. 166. This letter is not a rule, regulation or statement of the Commission, and the Commission has neither approved nor . 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. You want a fund where the primary objective is the preservation of capital, You want principal protection and steady returns regardless of the market environment, You want the security of an account value guaranteed by John Hancock.