6A. The highest speculative-grade rating is Ba1. Peer groups are unmanaged and cannot be invested in directly. Categories may be changed based on recent changes to the portfolio. The underlying fund company has not reviewed the sub-accounts performance. Stabilizing Agreement/Wrap Provider Risk. 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. 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. If the insurer fails, the plan is left only with a claim against the issuer as a general creditor. The ticker symbols do not directly apply to the John Hancock sub-account and therefore any public information accessed using these symbols will not reflect the unit value of the subaccount, nor will such information reflect sub-account, contract-level or participant-level charges under your plan's group annuity contract. 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. 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. Neither John Hancock USA nor the Trustee guarantees the performance of the Stability Provider(s). 3A. While an insolvency of JHLH should not diminish the assets of the Separate Account, it could delay the timing of payments to plan participants. Risk of Increase in Expenses for Sub-Account. The cumulative effect of fees and expenses can substantially reduce the growth of your retirement account. NOT BANK GUARANTEED. 2023 John Hancock. For example, expense ratios may be higher than those shown if a fee limitation is changed or terminated or if average net assets decrease. 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. It is divided into two sections, investment grade and speculative grade. 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). Source: Morningstar Direct for Mutual Funds, as of the most recent month end. 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. The Fund will be launched on John Hancock's Signature Platform next year. In the event John Hancock is able to earn more than the crediting rate and the expense of operating the fund, John Hancock will keep that difference as its compensation. Tableofcontents 2 Your fund at a glance 4 Management's discussion of fund performance 6 A look at performance 8 Your expenses 10 Fund's investments 13 Financial statements 16 Financial highlights 21 Notes to financial statements 29 Report of independent registered public accounting firm 30 Tax information 31 Shareholder meeting 32 Evaluation of advisory and subadvisory agreements by the . A Separate Account or a portfolio related to other benefit responsive contracts may invest in asset-backed securities. Listed holdings do not represent all of the holdings in the underlying fund. 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. "John Hancock Stable Value Guaranteed Income Fund provides an option to retirement . 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. 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. ****Expense Ratio (ER) This material shows expenses for a specific unit class for investment options available under a John Hancock group annuity contract. ***Morningstar Portfolio Ratings All Morningstar data is 2023 by Morningstar, Inc. All rights reserved. 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. "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. Performance does not reflect any applicable contract-level or certain participant-level charges. Index performance shown is for a broad-based securities market index. 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. . or legal statements made herein . 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. Returns for any period greater than one year are annualized. This category can include corporate or government ultrashort bond portfolios, but it excludes international, convertible, multisector, and high yield bond portfolios. This disclosure provides a brief summary of John Hancock's recordkeeping services, investment-related information including the annual operating expense (e.g. Peer Group Performance: With respect to the Funds that display a Peer Group Performance. These charges, if included, would otherwise reduce the total return for a participants account. Performance does not reflect any applicable contract-level or certain participant-level charges, fees for guaranteed benefits if elected by participant under the group annuity contract or redemption fees imposed by the underlying Portfolio. ** 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. Accordingly, the actual market value of the underlying assets may, at times, be greater than or less than the book value of the Portfolio. Withdrawals for plan distributions, loans, hardship withdrawals, and transfers to other investments will be paid at full value. Morningstar ratings are applicable to the underlying only and reflect historical risk-adjusted performance as of the most recent calendar quarter-end. The fund is a stable value product that guarantees principal and accumulated interest. Asset class/Investment style : Asset class refers to the broad category of investments the portfolio, or underlying fund, currently holds. Fees and expenses are only one of several factors that you should consider when making investment decisions. 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. These charges, if included, would otherwise reduce the total return for a participant's account. For the most up-to-date semiannual crediting rates, please call 800-395-1113. 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. ** 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. John Hancock does not provide advice regarding appropriate investment allocations. Not available to defined benefit plans. 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. The highest speculative-grade rating is Ba1. Funds are placed in a category based on their portfolio statistics and compositions over the past three years. The terms investment grade and speculative grade are market conventions and do not imply any recommendation or endorsement of a specific security for investment purposes. December 31, 2020 and 2019 . 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. 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. 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. 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. 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." Please change your search terms and try new. For further details, please refer to the Offering Statement and Declaration of Trust. 26. 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. 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 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. Credit and Counterparty Risk for Fixed Income. Private Fund Risk. FINANCIAL STATEMENTS AND EXHIBITS . 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). If John Hancock were to fail, there is no certainty that the guarantee could be honored. The fixed income portfolios. Consult your John Hancock representative for details. Performance information current to the most recent month-end is available on our website myplan.johnhancock.com. 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. Date sub-account or Guaranteed Interest Account first available under group annuity contract.This class was introduced February 23, 2007. Any difference between the Portfolios market value and book value will be taken into consideration when setting future crediting rates.For further details regarding risk and other risks that may apply please refer to the Offering Memorandum. 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. + 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. Prospectuses are not required and prices are not available in local publications. Peer Group Performance: With respect to the Funds that display a Peer Group Performance. 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. 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. 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. Merger and Replacement Transition Risk for Sub-Account. The current crediting rate is guaranteed only until the next rate reset date; crediting rates in future periods may be higher or lower, but in no case less than 1%. 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. These charges, if included, would otherwise reduce the total return for a participant's account. Understanding how a stable value fund works can help you determine if it's right for your 401 (k) or other institutional plan lineup. Many fixed income investments face the risk that the securities will decline in value because of changes in interest rates. For further details on these fees and certain risks that may apply please refer to the Offering Memorandum. The lowest investment-grade rating is Baa3. Performance current to the most recent month-end is available at myplan.johnhancock.com. Fund availability subject to regulatory approval and may vary from state to state. The investment in the Stable Value Fund is a contractual account with New York Life Trust Company ("New York Life"). This letter is not a rule, regulation or statement of the Commission, and the Commission has neither approved nor . Performance charts for John Hancock Stable Value Portfolio Fund (JSJWX) including intraday, historical and comparison charts, technical analysis and trend lines. The ticker symbols shown are for the underlying mutual fund, collective trusts or ETFs in which sub-accounts are invested. Due to abnormal market conditions or redemption activity the fund may temporarily invest in cash and cash equivalents. The fact that assets are exposed to credit risk of the insurance company. Often, the issuer of asset-backed securities is a special purpose entity and the investors recourse is limited to the assets comprising the pool. All rights reserved. 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"). A market decline could adversely affect the market value of existing fixed income investments of a portfolio, as well as the yield available on investments of new cash flows.
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john hancock stable value fund financial statements