John Hancock conducts business in English. Document - SEC 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. For further details, please refer to the Offering Circular and Declaration of Trust. Morningstar Category: 2023 Morningstar. 5A. 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. Peer Group Performance: With respect to the Funds that display a Peer Group Performance. 166. Group annuity contracts and recordkeeping agreements are issued by John Hancock Life Insurance Company (U.S.A.), Boston, MA (not licensed in New York). 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. Risks Relating to John Hancock. 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 . Timely payment under unsecured fixed income securities is dependent entirely upon the performance of the issuer, guarantor or counterparty. 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. NOT BANK GUARANTEED. 2023 John Hancock. 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. 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. 249. Categories may be changed based on recent changes to the portfolio. 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. Morningstar data is 2023 by Morningstar, Inc. All rights reserved. i3. The interest rate is declared in advance of the semiannual rate reset period. The highest speculative-grade rating is Ba1. John Hancock and its affiliates provide advisory and/or sub-advisory services for the underlying fund. 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 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. Seeks to preserve capital and provide stability of principal while earning current income that exceeds money market rates over the long term. Exchange traded funds and open-ended mutual funds are considered a single population for comparative purposes. 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. John Hancock Retirement Offers New Stable Value Guaranteed Income Fund These charges, if included, would otherwise reduce the total return for a participant's account. The prospectuses (or Offering Memorandum/Trust Documents) for the sub-accounts underlying funds contain complete details on investment objectives, risks, fees, charges and expenses as well as other information about the underlying funds which should be carefully considered before investing. Unless your plan sponsor has elected the Market Value Recovery feature, there are no stated fees for investing in this fund. 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. John Hancock Stable Value Fund . Ratings are a comprehensive measure of financial strength. This category can include corporate or government ultrashort bond portfolios, but it excludes international, convertible, multisector, and high yield bond portfolios. MetLife says that more than eight in 10 defined contribution plan sponsors offer stable value funds as an option to preserve capital, and retirement savers would do well to consider adding this asset class to the mix if it's not already part of their portfolio. For more details, see Risk Disclosures section of this booklet. 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. Stabilizing Agreement/Wrap Provider Risk. 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). AThe amounts displayed below represent the gross and net expense ratios of the underlying fund in which the sub-account invests. For more information, please contact your financial representative. These charges, if included, would otherwise reduce the total return for a participant's account. Analysis of performance and other indicative facts are also considered. Due to abnormal market conditions or redemption activity the fund may temporarily invest in cash and cash equivalents. 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. Withdrawals or transfers initiated by participants will generally be paid at book value, except where they are the result of plan sponsor actions. 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. 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. ***Morningstar Portfolio Ratings All Morningstar data is 2023 by Morningstar, Inc. All rights reserved. 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. Crediting Rate is set on January 1 and July 1 of each year. Analysis of performance and other indicative facts are also considered. 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. 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. Asset-backed securities include interests in pools of residential or commercial mortgages, debt securities, commercial or consumer loans, or other receivables. The performance of an Index does not include any portfolio or insurance-related charges. 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. Performance current to the most recent month-end is available at myplan.johnhancock.com. 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. 4A. 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 fund's primary investment objectives are to preserve principal, maintain a competitive . 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. 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). Although gathered from reliable sources, the information is not represented or warranted by Morningstar to be accurate, correct, complete or timely. 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 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. "Underlying fund" includes the underlying mutual fund, collective trust, or ETF in which a sub-account invests. Peer groups are unmanaged and cannot be invested in directly. 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. 166. If the sub-account inception date is after December 8, 2014, then the Signature Menu introduction date is the same as the sub-account inception date.Returns for any period greater than one year are annualized. NOT BANK GUARANTEED. 2023 John Hancock. The underlying fund company has not reviewed the sub-accounts 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. For further details, please refer to the Offering Circular and Declaration of Trust. Prospectuses are not required and prices are not available in local publications. 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. 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. **The performance data presented represents past performance. You can visit the Employee Benefit Security Administration's Web site for an example demonstrating the long-term effect of fees and expenses. 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. PZFVX - JHancock Classic Value A Fund Stock Price | Morningstar 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.
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