The SEC staff granting no-action relief go a bank stable value fund that accepted assets of a Puerto Rico financial plan. Provide specific products and services to you, such as portfolio management or data aggregation. Allocation percentages may vary or be adjusted due to market or economic conditions or other reasons as set out in the prospectus. 128. Seeks to preserve capital and provide stability of principal while earning current income that exceeds money market rates over the long term. darlene ortiz birthday; dunkin donuts k cups nutrition facts; falesha & jacqueline The fund invests a portion of its assets (including cash and cash equivalents) in a separate account of John Hancock Life & Health Insurance Company (JHLH). 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 lowest investment-grade rating is Baa3. Until the late 1970s, the options available for principal preservation were primarily money market funds and bank products. Although a portfolio will seek to maintain a stable value, there is a risk that it will not be able to do so, and participants may lose their investment if both the fund's investment portfolio and the wrapper provider fail. Stable value funds are important principal preservation vehicles. John Hancock Stable Value Fund John Hancock Stable Value Fund 13,26,52,128,142,143,166,239 Investing solely in John Hancock Stable Value Fund (Class 1) Managed by John Hancock Life Insurance Company (U.S.A.) Sub Account Details Risk/Return Category 1A Conservative Asset Class/Investment Style 5A Domestic Fixed Income UNDERLYING Fund Highlights Maturity/Duration for Fixed Income. Morningstar data is 2023 by Morningstar, Inc. All rights reserved. While an insolvency of JHLH should not diminish the assets of the Separate Account, it could delay the timing of payments to plan participants. Stable value is a principal preservation option in a Defined Contribution Plan that provides returns comparable to intermediate duration bonds with volatility comparable to money market funds. Current Stable Value Fund List. 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. 2A. As of Mar 31 2023. Performance does not reflect any applicable contract-level or certain participant-level charges, or any redemption fees imposed by an underlying fund company. 166. The Net Expense Ratio represents the effect of a fee waiver and/or expense reimbursement and is subject to change. Each entity makes available a platform of investment alternatives to sponsors or administrators of retirement plans without regard to the individualized needs of any plan. While an insolvency of JHLH should not diminish the assets of the Separate Account, it could delay the timing of payments to plan participants. Similar to an insurance company account, a commingled fund pays interest and allows for daily purchases and sales at a fixed price, a process accomplished through book-value accounting. Asset-Backed Security Risk for Stable Value Fund A Separate Account or a portfolio related to other benefit responsive contracts may invest in asset backed securities. 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. An error occurred while processing your request. There is no guarantee that any investment strategy will achieve its objectives. It is divided into two sections, investment grade and speculative grade. Commingled or pooled stable value fund: A commingled stable value fund is made up of a portfolio of bonds (which may be held in a commingled trust or in an insurance companys separate account) and insurance company or bank-wrap contracts. i41. This type of stable value fund is an agreement between the insurance company and a plan sponsor, known as a group annuity contract. The cumulative effect of fees and expenses can substantially reduce the growth of your retirement account. *^y^^^:^^,^:^^-,^A^^^^,,^,./^Z^>^ HISTORY NORTH BROOKFIELD, MASSACHUSETTS. Consult your John Hancock representative for details. 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. Stable value fund due diligence| John Hancock Retirement January 31, 2020 Stable value due diligence For decades, stable value funds have been used for principal preservation in retirement plans. 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. 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. A market decline could adversely affect the market value of existing fixed income investments of a portfolio (including a Separate Account), as well as the yield available on investments of new cash flows. Portfolio % allocations will vary over time. Fund Expense Ratio or FER). These charges, if included, would otherwise reduce the total return for a participant's account. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. We need a phone number to keep your account secure. Past performance is no guarantee of future results and current performance may be lower or higher than the performance quoted. John Hancock Disciplined Value Fund;R6 Watch list Last Updated: Mar 17, 2023 $ 19.89 -0.34 -1.68% Previous Close $20.23 Advanced Charting 19.89 52 Week Range 24.15 Partner Center Your. Contact your John Hancock representative if you wish to obtain a copy. Investing involves risks, including the potential loss of principal. 8 days ago. For these services, John Hancock and its affiliates receive additional fees which are included in the underlying fund expense ratio (i.e. The Philippine Agricultural Scientist Vol 91 No 4 (2008): The Philippine Agricultural In this event, short- and medium duration securities are effectively converted into longer-duration securities, increasing their sensitivity to interest-rate changes and causing their prices to decline. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. Develop and improve features of our offerings. The availability of products, Funds and contract features may be subject to Broker-Dealer Firm approval, State approval, Broker Licensing requirements, tax law requirements, or other contract-related requirements. The Expense Ratio ("ER") shown represents the total annual operating expenses for the investment options made available by John Hancock. The sub-advised accounts in question were group annuity funds offered by John Hancock. Before investing you should review the Fund's Offering Memorandum. 20222023 John Hancock. Index Performance: With respect to the Funds that display an index performance. 142. 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. [RESEARCH NOTE] Molecular Detection of Cryptosporidium from Animal Hosts in the Philippines. Fund availability subject to regulatory approval and may vary from state to state. Wrap Contracts The fund may be exposed to risks associated with the providers of any wrap contracts (synthetic GICs) covering the fund's assets, including credit risk and capacity risk. Past performance is no guarantee of future results.Morningstar assigns categories by placing funds into peer groups based on their underlying holdings. JHancock Disciplined Value Mid Cap R6. An investor purchasing a fixed income security faces the risk that the value of that fixed income security may decline because the credit-worthiness of the issuer, guarantor or other counterparty may deteriorate or such party may fail to make timely payments of interest or principal to the investor. Some Vanguard, Fidelity, T. Rowe Price, and other mutual fund estimate big dispersals despite big losses. 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. Benchmark index. For further details, please refer to the Offering Circular and Declaration of Trust. John Hancock conducts business in English. ***Morningstar Portfolio Ratings All Morningstar data is 2023 by Morningstar, Inc. All rights reserved. Group annuity contracts and recordkeeping agreements are issued by John Hancock Life Insurance Company (U.S.A.), Boston, MA (not licensed in New York). Principal Risks include: Asset-Backed Security Risk for Stable Value Fund, Capital Preservation, Credit and Counterparty Risk for Stable Value Fund, Equity Wash, Extension Risk, Interest Rate Risk for Stable Value, Investment Grade Securities for Stable Value Fund, Manager Risk for Stable Value Fund, Market Risk for Stable Value Fund, Maturity/Duration for Stable Value Fund, Prepayment Risk for Stable Value Fund, Private Fund, Risks Relating to John Hancock, Stabilizing Agreement/Wrap Provider Risk and Wrap Contracts. 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. Please enter the email address you used when registering. For more details, see Risk Disclosures section of this booklet. Allocating assets to only one or a small number of the investment options (other than an asset allocation investment option such as a target date or target risk option) should not be considered a balanced investment program. John Hancock Trust Company LLC provides trust and custodial services to such plans. 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). Interest Rate Risk for Stable Value Many fixed income investments face the risk that the securities will decline in value because of changes in interest rates. The Trust is a "stable value" trust that provides for collective investment on behalf of specified tax-favored retirement plans, including tax . Litigation. Manager Risk for Fixed Income. Verify your identity, personalize the content you receive, or create and administer your account. Manager Risk for Stable Value Fund 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. View mutual fund news, mutual fund market and mutual fund interest rates. The Parent Pillar is our rating of JDVWXs parent organizations priorities and whether theyre in line with investors interests. For more information or to order prospectuses for the underlying investments, call 800-395-1113 and speak to a client account representative. Credit and Counterparty Risk for Fixed Income. 3Y. The People Pillar is our evaluation of the JDVWX management teams experience and ability. For further details on these fees and certain risks that may apply please refer to the Offering Memorandum. 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. 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. Refer to the Massachusetts contract for more details about the John Hancock Stable Value Guaranteed Income Fund. "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. Generally, fixed income investments will decrease in value when interest rates rise (and increase in value when interest rates fall). Risks Relating to John Hancock. | 1-Day Return as of Apr 28, 2023, 10:14 PM GMT+0, Muni National Intermediate-Term Bond Funds, Transparency is our policy. Fund. All performance calculations shown have been prepared solely by John Hancock USA. If the sub-account inception date is after May 23, 2008, then the class introduction date is the same as the sub-account inception date.Returns for any period greater than one year are annualized. Index performance shown is for a broad-based securities market index. Neither John Hancock USA nor the Trustee guarantees the performance of the Stability Provider(s). 143. These impacts are absorbed by other fund investors, including retirement plan participants. Understanding how a stable value fund works can help you determine if its right for your 401(k) or other institutional plan lineup. 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. Although gathered from reliable sources, the information is not represented or warranted by Morningstar to be accurate, correct, complete or timely. A stable value fund typically provides a participant market value protection through a "wrap contract" from an insurance company or other investment contract which guarantees the payment of plan benefits at book value, even when the market value of the stable value fund is insufficient to pay benefits. 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. These charges, if included, would otherwise reduce the total return for a participants account. JHancock Classic Value A PZFVX Morningstar Analyst Rating Quantitative rating as of Mar 31, 2023 | See John Hancock Investment Hub Quote Chart Fund Analysis Performance Sustainability Risk. Fund Share Class Information: Vehicle: Collective Investment Trust (CIT) Fund Inception: May 6, 2006 Fund AUM: $3,857 M CUSIP Share Class Expenses Class R6: 478033889 R6: 0.42% Portfolio Guidelines: Number of Holdings: 1000+ Market to Book Ratio 94.33% Fund Information Stable Value Fund Performance (Class R6; Class 1 Sub-Class 0) Returns as of . Indexes are unmanaged and cannot be invested in directly. Increased rates of prepayments will generally result in a loss of interest income if the portfolio manager is required to reinvest at a lower interest rate. Credit and Counterparty Risk for Stable Value Fund An investor purchasing a fixed income security (including a GIC or other benefit responsive contract) faces the risk that the value of that fixed income security may decline because the credit-worthiness of the issuer, guarantor or other counterparty may deteriorate, or such party may fail to make timely payments of interest or principal to the investor. Moody's appends numerical modifiers 1, 2, and 3 to each generic rating classification from Aa through Caa. Returns for any period greater than one year are annualized. In the early 1980s, the 401(k) provided a new and growing source of demand for stable value funds. A Separate Account or a portfolio related to other benefit responsive contracts may invest in asset-backed securities. 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. Interest Rate Risk for Fixed Income. All rights reserved. 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. We may use it to: To learn more about how we handle and protect your data, visit our privacy center. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers. The Trust is a "stable value" trust that provides for collective investment on behalf of specified tax-favored retirement plans, including tax . Contact your John Hancock representative if you wish to obtain a copy.Units of the Fund have not been registered under the Securities Act of 1933, as amended, or under the securities laws of any other jurisdiction; and the Fund is not registered under the Investment Company Act of 1940, as amended, or other applicable law, and participants are not entitled to the protections of such Act. 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 current funds reporting into Stable Value Vision are shown below. Although well known, stable value isn't always well understood. Learn how it impacts everything we do. 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. MAY LOSE VALUE. Stable value funds can be used as a principal preservation option by 401(k)s and other institutional plans, providing participants both principal preservation and steady income. 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). The plan has recently added a stable value portfolio to its investment options and reduced fees on the John Hancock Freedom 529 education savings plan. Unlike money market funds, stable value exceeds inflation, which positively impacts purchasing power. + 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. 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. Marketing support services are provided by John Hancock Distributors LLC. This investment option is deemed a 'Competing' investment option with John Hancock Stable Value Guaranteed Income Fund and may not be available. Stable value funds are a type of principal preservation investment available to 401(k) plans, pensions, and other institutional funds. Default by a Stability Provider could result in participant withdrawals from the fund at less than book value. Plans that select the Fund may not select any "competing fund" in their plan. Listed holdings do not represent all of the holdings in the underlying fund. 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. MAY LOSE VALUE. These charges, if included, would otherwise reduce the total return for a participant's account. 6A. Any difference between the market value and book value will be taken into consideration when setting future crediting rates. Profile and investment Top 5 holdings Data delayed at least 15 minutes,. The content of this document is for general information only and is believed to be accurate and reliable as of the posting date but may be subject to change. Copyright 2023 Morningstar, Inc. All rights reserved. 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. 5A. MGR-P41154-GE 1/20 41154 MGR011520505449. The staff granted relief under the Capital Company Act, the Exchange Act and the Securities Act. 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. The highest speculative-grade rating is Ba1. Gear advertisements and other marketing efforts towards your interests. The fixed income portfolios are managed to provide current income with a "AA" minimum average credit quality objective. Understanding Stable Value Deconstructing Stable Value Understanding stable value funds is no easy task. Get the latest John Hancock Bond Fund Class R6 (JHBSX) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions. * The Net expense ratio shown is for the underlying fund and reflects any fee waivers or expense reimbursements and is subject to change. Please confirm with your local John Hancock Representative if you have any questions about product, Fund or contract feature availability. Exclusive Reliable Empowering Stable Value is unique: Learn key differences between stable value and money market funds. John Hancock Retirement Plan Services Codes This chart depicts the 3 letter Fund code for the subaccount, as well as the Share Class, ticker symbols and CUSIP for underlying funds in which sub-accounts are invested. 4A. Risk of Increase in Expenses for Sub-Account. AThe amounts displayed below represent the gross and net expense ratios of the underlying fund in which the sub-account invests. Analysis of performance and other indicative facts are also considered. 13. Treceded by an z/lccotmt of Old Ouabaiig, Indian and English Occupation, 164J-16J6 . The total revenue John Hancock receives on this Fund is higher than those advised or sub-advised exclusively by unaffiliated entities. 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. Private Fund The fund is not a mutual fund and is privately offered. Returns shown reflect the Expense Ratio of the sub-account. Market Risk for Fixed Income. Although the portfolio will seek to maintain a stable value, there is a risk that it will not be able to do so, and participants may lose their investment if both the Fund's investment portfolio and the Stability Provider(s) fail.
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