The fixed income portfolios selected for . These charges, if included, would otherwise reduce the total return for a participant's account. What is a CIT | John Hancock Retirement NOT BANK GUARANTEED. 2023 John Hancock. + 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. HEQ | CEF Snapshot - Fidelity 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. 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. For further details, please refer to the Offering Circular and Declaration of Trust. Fund availability subject to regulatory approval and may vary from state to state. 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 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. Redemption fees or market value adjustments associated with exchanges from particular investment options are described on applicable fund sheets, which are available online. 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. The fund is a stable value product that guarantees principal and accumulated interest. JSJWX Quote - John Hancock Stable Value Portfolio Fund 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. : Expense Ratios), and transaction-related charges (e.g. 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. 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. 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). 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. Index performance shown is for a broad-based securities market index. 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). Ultrashort is defined as 25% of the three-year average effective duration of the MCBI. For further details, please refer to the Offering Circular and Declaration of Trust. These transactions qualify as party-in-interest . 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. If the fund is new and has no portfolio history, Morningstar estimates where it will fall before giving it a permanent category assignment. Past performance is no guarantee of future results and current performance may be lower or higher than the performance quoted. Merger and Replacement Transition Risk for Sub-Account. No outcome establish. Any difference between the market value and book value will be taken into consideration when setting future crediting rates. Information Concerning John Hancocks Short-Term Trading Policy The group annuity contract is not designed for short-term trading. Listed holdings do not represent all of the holdings in the underlying fund. The John Hancock Stable Value Fund is a collective investment trust that invests in diversified fixed-income mutual funds and contract value stabilizing agreements. See important note (52) for more details. For more details, see Risk Disclosures section of this booklet. Why stable value? 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. Portfolio % allocations will vary over time. 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. * The Net expense ratio shown is for the underlying fund and reflects any fee waivers or expense reimbursements and is subject to change. 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. 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. 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. 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. 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. Sub-Account Inception Date: May 14, 2004 Underlying fund Inception Date: May 8, 2006. Index returns were prepared using Morningstar Direct. PDF John Hancock's ERISA 408(b)(2) Disclosure 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. 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 . These charges, if included, would otherwise reduce the total return for a participant's account. Not available to defined benefit plans. You can visit the Employee Benefit Security Administration's Web site for an example demonstrating the long-term effect of fees and expenses. 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%. Crediting Rate is set in advance and is guaranteed by John Hancock Life Insurance Company (USA) and will not be less than 1%. Allocation percentages may vary or be adjusted due to market or economic conditions or other reasons as set out in the prospectus. Federated Hermes Capital Preservation Fund 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. a) The following Plan financial statements, schedules and reports are attached hereto: . 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). John Hancock Stable Value Fund, Investment Company Act Section 3 (c : redemption fees), associated with the investment optionsselected under your Contract. Index performance shown is for a broad-based securities market index. Withdrawals or transfers initiated by participants will generally be paid at book value, except where they are the result of plan sponsor actions. For more information or to order prospectuses for the underlying investments, call 800-395-1113 and speak to a client account representative. The lowest investment-grade rating is Baa3. The underlying fund company has not reviewed the sub-accounts performance. 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. 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. 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. ** 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. The stable value fund is managed by Galliard, a subsidiary of Wells Fargo Bank, N.A., custodian for the fund. Group annuity contracts and recordkeeping agreements are issued by John Hancock Life Insurance Company (U.S.A.), Boston, MA (not licensed in New York). 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. Although the underlying portfolio seeks to preserve the value of an investment, it is possible to lose money by investing in this portfolio. Returns shown reflect the Expense Ratio of the sub-account. Refer to the Massachusetts contract form for more details about the John Hancock Stable Value Guaranteed Income Fund. John Hancock Retirement Offers New Stable Value Guaranteed Income Fund 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. 143. 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 Expense Ratio ("ER") shown represents the total annual operating expenses for the investment options made available by John Hancock. 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.
