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. a) The following Plan financial statements, schedules and reports are attached hereto: . 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. Returns shown reflect the Expense Ratio of the sub-account. 1A. The fund is not a mutual fund and is privately offered. For more information or to order prospectuses for the underlying investments, call 800-395-1113 and speak to a client account representative. JSJWX Quote - John Hancock Stable Value Portfolio Fund 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. Morningstar Category: 2023 Morningstar. The funds right to receive payments for the benefit of, and its ability to distribute payments to, plan participants depends on the timely liquidation of separate account assets. The stability of the investments offsets price fluctuations that may be associated with fixed-income investments. ** 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 Retirement Offers New Stable Value Guaranteed Income Fund John Hancock Retirement Offers New Stable Value Guaranteed Income Fund 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. Asset-Backed Security Risk for Fixed Income. Stable value funds and interest rates | John Hancock Retirement Examples of business or market sectors where this risk may be particularly high include: a) technology-related businesses, including Internet-related businesses, b) small-cap securities and c) foreign securities. Crediting Rate is set in advance and is guaranteed by John Hancock Life Insurance Company (USA) and will not be less than 1%. 142. 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. Requests may be cancelled if not within our guidelines.Participants are allowed a maximum of two exchanges per calendar month. These charges, if included, would otherwise reduce the total return for a participant's account. The fund's primary investment objectives are to preserve principal, maintain a competitive . "John Hancock Stable Value Guaranteed Income Fund provides an option to retirement . Crediting Rate is set on January 1 and July 1 of each year. 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. 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. Stable value fund due diligence| John Hancock Retirement If these charges were reflected, performance would be lower. All performance calculations shown have been prepared solely by John Hancock USA. 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. ***Morningstar Portfolio Ratings All Morningstar data is 2023 by Morningstar, Inc. All rights reserved. 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. Timely payment under unsecured fixed income securities is dependent entirely upon the performance of the issuer, guarantor or counterparty. Morningstar ratings are applicable to the underlying only and reflect historical risk-adjusted performance as of the most recent calendar quarter-end. How stable value funds work | John Hancock Retirement Securities are offered through John Hancock Distributors LLC, member FINRA, SIPC.NOT FDIC INSURED. 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. These charges, if included, would otherwise reduce the total return for a participant's account. Morningstar data is 2023 by Morningstar, Inc. All rights reserved. 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. The performance of an Index does not include any portfolio or insurance-related charges. 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. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Contact your John Hancock representative if you wish to obtain a copy. 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. NOTE F - NEW YORK LIFE STABLE VALUE FUND . If the fund is new and has no portfolio history, Morningstar estimates where it will fall before giving it a permanent category assignment. Ultrashort is defined as 25% of the three-year average effective duration of the MCBI. John Hancock Stable Value Fund, Investment Company Act Section 3 (c 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. 2A. 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. john hancock stable value fund financial statements (2022) Investment Grade Securities for Fixed Income. Performance charts for John Hancock Stable Value Portfolio Fund (JMGWX) including intraday, historical and comparison charts, technical analysis and trend lines. 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. John Hancock does not provide advice regarding appropriate investment allocations. The lowest investment-grade rating is Baa3. 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 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 investment since inception of the underlying investment. The lowest investment-grade rating is Baa3. Not available to defined benefit plans. 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. Form 11-K - SEC John Hancock conducts business in English. NOT FDIC INSURED. Fund availability subject to regulatory approval and may vary from state to state. 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. PDF John Hancock's ERISA 408(b)(2) Disclosure 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 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. Peer Group Performance: With respect to the Funds that display a Peer Group Performance. 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. If John Hancock were to fail, there is no certainty that the guarantee could be honored. 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. 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 ticker symbols shown are for the underlying mutual fund, collective trusts or ETFs in which sub-accounts are invested. For further details on these fees and certain risks that may apply please refer to the Offering Memorandum. 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. Index returns were prepared using Morningstar Direct. The fixed income 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. Here are three reasons why stable value funds can withstand a higher interest-rate environment. 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. Maturity/Duration for Fixed Income. For further details regarding risk and other risks that may apply please refer to the John Hancock Stable Value Guaranteed Income Fund Product Guide. 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. 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. The Plan invests in the John Hancock Stable Value Fund which is a collective investment trust fund sponsored by John Hancock. 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). These financial statements are the responsibility of the Plan's management. The lowest investment-grade rating is Baa3. Redemption fees or market value adjustments associated with exchanges from particular investment options are described on applicable fund sheets, which are available online. Not available to defined benefit plans. If the insurer fails, the plan is left only with a claim against the issuer as a general creditor. For further details, please refer to the Offering Circular and Declaration of Trust. All Rights Reserved. Stable value funds are a type of principal preservation investment available to 401 (k) plans, pensions, and other institutional funds. Listed holdings do not represent all of the holdings in the underlying fund. Index Performance: With respect to the Funds that display an index performance. For more details, see Risk Disclosures section of this booklet. The fixed income portfolios selected for . John Hancock Stable Value Fund Collective Investment Trust Financial 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. Index Performance: With respect to the Funds that display an index performance. For further details, please refer to the Offering Statement and Declaration of Trust. The Fund is available for 401 (k), 401 (a), governmental 457 (b) and Taft-Hartley plans. 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. 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. For these services, John Hancock and its affiliates receive additional fees which are included in the underlying fund expense ratio (i.e. 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. Performance charts for John Hancock Stable Value Portfolio Fund (JSJWX) including intraday, historical and comparison charts, technical analysis and trend lines. Although gathered from reliable sources, the information is not represented or warranted by Morningstar to be accurate, correct, complete or timely. 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). Returns for any period greater than one year are annualized. What is a CIT | John Hancock Retirement 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. 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. Funds are placed in a category based on their portfolio statistics and compositions over the past three years. Due to abnormal market conditions or redemption activity the fund may temporarily invest in cash and cash equivalents. Why stable value? 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. John Hancock and its affiliates provide advisory and/or sub-advisory services for the underlying fund. Understanding how a stable value fund works can help you determine if it's right for your 401 (k) or other institutional plan lineup. These transactions qualify as party-in-interest . Manager Risk for Fixed Income. Index returns were prepared using Morningstar Direct. While an insolvency of JHLH should not diminish the assets of the Separate Account, it could delay the timing of payments to plan participants. : redemption fees), associated with the investment optionsselected under your Contract. 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. PZFVX - JHancock Classic Value A Fund Stock Price | Morningstar 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. NOTES TO FINANCIAL STATEMENTS . John Hancock Retirement Plan Services 200 Berkeley Street Boston, MA 02116. Past performance is no guarantee of future results and current performance may be lower or higher than the performance quoted. 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. SEC.gov | HOME Net assets are more likely to decrease and fund expense ratios are more likely to increase when markets are volatile. 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. Merger and Replacement Transition Risk for Sub-Account. Withdrawals that are the result of plan sponsor actions may be subject to a market value adjustment or paid out in 5 installments over 60 months. 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). Morningstar calculates monthly breakpoints using the effective duration of the Morningstar Core Bond Index in determining duration assignment. John Hancock Distributors LLC Member FINRA, SIPC 200 Berkeley Street Boston, MA 02116 800-225-6020. 4A. 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. NOT BANK GUARANTEED. 2023 John Hancock. 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. 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. Categories may be changed based on recent changes to the portfolio. John Hancock reported Revenue Per Employee of 180,251 in 2022. FINANCIAL STATEMENTS AND EXHIBITS . Unless your plan sponsor has elected the Market Value Recovery feature, there are no stated fees for investing in this fund. John Hancock Retirement Offers New Stable Value Guaranteed Income Fund The contracts provide daily liquidity at their contract value. The Expense Ratio ("ER") shown represents the total annual operating expenses for the investment options made available by John Hancock. MAY LOSE VALUE. Neither John Hancock USA nor the Trustee guarantees the performance of the Stability Provider(s). Private Fund Risk. 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. 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. Group annuity contracts and recordkeeping agreements are issued by John Hancock Life Insurance Company (U.S.A.), Boston, MA (not licensed in New York). The fact that assets are exposed to credit risk of the insurance company. Please confirm with your local John Hancock Representative if you have any questions about product, Fund or contract feature availability. All rights reserved. Analysis of performance and other indicative facts are also considered. 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. Date sub-account or Guaranteed Interest Account first available under group annuity contract. 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 value assets under management above $2.7 billion with over 12,000 plans 1. 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. In either case, the redemption of your interest by the affected fund, as well as the investment of the redemption proceeds by the ''new'' fund, may result in transaction costs to the funds because the affected funds may find it necessary to sell securities and the ''new'' funds will find it necessary to invest the redemption proceeds. 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).