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%. 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. Securities are offered through John Hancock Distributors LLC, member FINRA, SIPC.NOT FDIC INSURED. 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. 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. Federated Hermes Capital Preservation Fund Crediting Rate is set on January 1 and July 1 of each year. 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. Peer Group Performance: With respect to the Funds that display a Peer Group Performance. They're exempt from many of the regulatory requirements that drive mutual fund expenses, generally giving them a fee advantage over mutual funds. Principal risks include:john hancock credit, issuer guaranteed, merger and replacement and private fund. John Hancock Retirement Offers New Stable Value Guaranteed Income Fund All Rights Reserved. This design allows money market funds to maintain a fixed net asset value and daily liquidity at the same time. 143. 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. Market Risk for Fixed Income. Exchange traded funds and open-ended mutual funds are considered a single population for comparative purposes. Listed holdings do not represent all of the holdings in the underlying fund. Fixed income, or bond Funds are often categorized by the duration and credit quality of the bonds held in the underlying fund. AThe amounts displayed below represent the gross and net expense ratios of the underlying fund in which the sub-account invests. Merger and Replacement Transition Risk for Sub-Account. The fund expects that the use of Stabilizing Agreements will (when combined with any benefit responsive contracts and short-term investments held as underlying investments), under most circumstances, permit the fund to pay all withdrawals from the fund at book value. 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. For more information or to order prospectuses for the underlying investments, call 800-395-1113 and speak to a client account representative. Although the underlying portfolio seeks to preserve the value of an investment, it is possible to lose money by investing in this portfolio. You can visit the Employee Benefit Security Administration's Web site for an example demonstrating the long-term effect of fees and expenses. Information Concerning John Hancocks Short-Term Trading Policy The group annuity contract is not designed for short-term trading. Principal Amount or Shares Cost Fair Value Guaranteed Investment Contracts - 94.3% Great-West Guaranteed FundingAgreement 599950-01 1,539,665,223 $ 1,539,665,223 $ 1,539,665,223 **The performance data presented represents past performance. 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. 800-395-1113 (Participant Service Center) 800-294-3575 (Open Architecture Plans) Mail to: John Hancock Retirement Plan Services. 4A. Form 11-K - SEC 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. PZFVX - JHancock Classic Value A - Review the PZFVX stock price, growth, performance, sustainability and more to help you make the best investments. 26. Before investing you should review the Fund's Offering Memorandum. The highest speculative-grade rating is Ba1. Group annuity contracts and recordkeeping agreements are issued by John Hancock Life Insurance Company (U.S.A.), Boston, MA (not licensed in New York). Equity, or stock underlying funds may be categorized by the size of the securities in which the fund invests (market capitalization). Stable value funds are a type of principal preservation investment available to 401 (k) plans, pensions, and other institutional funds. 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. Net assets are more likely to decrease and fund expense ratios are more likely to increase when markets are volatile. Moody's appends numerical modifiers 1, 2, and 3 to each generic rating classification from Aa through Caa. Prospectuses are not required and prices are not available in local publications. 5A. 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. . The total revenue John Hancock receives on this Fund is higher than those advised or sub-advised exclusively by unaffiliated entities. 5A. 2A. A Separate Account or a portfolio related to other benefit responsive contracts may invest in asset-backed securities. AThe amounts displayed below represent the gross and net expense ratios of the underlying fund in which the sub-account invests. The actual market value of the underlying assets may, at times, be greater than or less than the book value of the Fund. 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). PDF Prudential Stable Value Fund - Prudential Financial Our responsibility is to express an opinion on these financial statements based on our audits. John Hancock and its affiliates provide advisory and/or sub-advisory services for the underlying fund. 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. They're concerned that inflation and rising interest rates could negatively affect capital preservation funds such as stable value. 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. For more information on a particular investment option, please refer to John Hancock USA's Fund sheets, available through the Web site or your John Hancock USA representative. 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. 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. Fixed income, or bond Funds are often categorized by the duration and credit quality of the bonds held in the underlying fund. Contact your John Hancock representative for details.An investment in the John Hancock Stable Value Fund is not an insured deposit, nor an obligation of, nor guaranteed by, John Hancock USA, the Fund's Trustee or its Advisor, The Federal Deposit Insurance Corporation (FDIC) or any government agency and is subject to certain market risks. NOT BANK GUARANTEED. 2023 John Hancock. The Expense Ratio ("ER") shown represents the total annual operating expenses for the investment options made available by John Hancock. 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 investment in the Stable Value Fund is a contractual account with New York Life Trust Company ("New York Life"). 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. This investment option is deemed a "Competing" investment option with the John Hancock Stable Value Fund and may not be available. 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. 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. John Hancock Stable Value Fund: Qualified retirement plans that select the John Hancock Stable Value Fund as an eligible investment option under the group annuity contract are restricted from selecting any fixed-income investment options for the plan deemed to be 'Competing', including (i) any book value fixed income Fund, (ii) any other fixed income Fund with a targeted average duration of two (2) years or less, including but not limited to, a money market Fund or a short-term bond Fund, or (iii) any guaranteed interest account (other than a ten (10) year maturity guaranteed interest account maintained by an affiliate of John Hancock Life Insurance Company (U.S.A.) originally offered prior to May 1, 2006). 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. "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. 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. 3A. Securities with longer maturities or durations typically have higher yields but may be subject to increased interest-rate risk and price volatility compared with securities with shorter maturities, which have lower yields but greater price stability. Refer to the Massachusetts contract form for more details about the John Hancock Stable Value Guaranteed Income Fund. ****Expense Ratio (ER) This material shows expenses for a specific unit class for investment options available under a John Hancock group annuity contract. john hancock stable value fund financial statements (2022) 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. 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. Morningstar data is 2023 by Morningstar, Inc. All rights reserved. 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. For the most up-to-date semiannual crediting rates, please call 800-395-1113. If the sub-account inception date is after February 23, 2007, then the class introduction date is the same as the sub-account inception date. if your plan has selected the John Hancock Stable Value Fund as an Investment Option for its Contract . PDF Wilmington Trust Collective Investment Trust Wtna Stable Value Funds For more details, see Risk Disclosures section of this booklet. It is divided into two sections, investment grade and speculative grade. Allocation percentages may vary or be adjusted due to market or economic conditions or other reasons as set out in the prospectus. This disclosure provides a brief summary of John Hancock's recordkeeping services, investment-related information including the annual operating expense (e.g. Morningstar Category: 2023 Morningstar. * The Net expense ratio shown is for the underlying fund and reflects any fee waivers or expense reimbursements and is subject to change. We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). 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." Although gathered from reliable sources, the information is not represented or warranted by Morningstar to be accurate, correct, complete or timely. 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 . Significant Scale Analysis of performance and other indicative facts are also considered. 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. The fixed income portfolios selected for . Stable value funds post high yields with relatively low risk, and your retirement plan could already be invested in this asset class. 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. 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. Index Performance: With respect to the Funds that display an index performance. 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. 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. "Underlying fund" includes the underlying mutual fund, collective trust, or ETF in which a sub-account invests. 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. Any difference between the market value and book value will be taken into consideration when setting future crediting rates. 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.
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