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. The fund's primary investment objectives are to preserve principal, maintain a competitive . For more details, see Risk Disclosures section of this booklet. For further details regarding risk and other risks that may apply please refer to the John Hancock Stable Value Guaranteed Income Fund Product Guide. Performance current to the most recent month-end is available at myplan.johnhancock.com. 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). 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. Past performance is no guarantee of future results.Morningstar assigns categories by placing funds into peer groups based on their underlying holdings. Because the crediting rate is set monthly in advance, there can be no assurance that the crediting rate will accurately reflect the actual performance of the Portfolios underlying assets. Fund availability subject to regulatory approval and may vary from state to state. 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. John Hancock and its affiliates provide advisory and/or sub-advisory services for the underlying fund. 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. Past performance is not a guarantee of future results. Group annuity contracts and recordkeeping agreements are issued by John Hancock Life Insurance Company (U.S.A.), Boston, MA (not licensed in New York). john hancock stable value fund financial statements (2022) Equity, or stock underlying funds may be categorized by the size of the securities in which the fund invests (market capitalization). * The Net expense ratio shown is for the underlying fund and reflects any fee waivers or expense reimbursements and is subject to change. 2A. 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. 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). Please confirm with your local John Hancock Representative if you have any questions about product, Fund or contract feature availability. Fees and expenses are only one of several factors that you should consider when making investment decisions. 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. i3. Timely payment under unsecured fixed income securities is dependent entirely upon the performance of the issuer, guarantor or counterparty. 4A. Returns shown reflect the Expense Ratio of the sub-account. Although the underlying portfolio seeks to preserve the value of an investment, it is possible to lose money by investing in this portfolio. Unless your plan sponsor has elected the Market Value Recovery feature, there are no stated fees for investing in this fund. Retirement plan fiduciaries should be familiar with the key features of stable value funds as they perform due diligence. Extension Risk. 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. For further details on these fees and certain risks that may apply please refer to the Offering Memorandum. An investment in this portfolio is not insured or guaranteed by The Federal Deposit Insurance Corporation or any other government agency. Issuer Risk for Guaranteed Fund. 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. 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. 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). For current ratings, please visit www.johnhancock.com/who-we-are.html and refer to the Fact Sheet. 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. 1A. Requests may be cancelled if not within our guidelines.Participants are allowed a maximum of two exchanges per calendar month. 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. Securities are offered through John Hancock Distributors LLC, member FINRA, SIPC.NOT FDIC INSURED. Interest Rate Risk for Fixed Income. Document - SEC "John Hancock Stable Value Guaranteed Income Fund provides an option to retirement . For these services, John Hancock and its affiliates receive additional fees which are included in the underlying fund expense ratio (i.e. 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. The Fund will be launched on John Hancock's Signature Platform next year. Asset-Backed Security Risk for Fixed Income. 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. This disclosure provides a brief summary of John Hancock's recordkeeping services, investment-related information including the annual operating expense (e.g. The cumulative effect of fees and expenses can substantially reduce the growth of your retirement account. The contracts provide daily liquidity at their contract value. 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. FTSE Treasury Bill 3-Month Index: An unmanaged, market capitalization weighted, index of 3-month Treasury bills. Index returns were prepared using Morningstar Direct. The ticker symbols shown are for the underlying mutual fund, collective trusts or ETFs in which sub-accounts are invested. The Fund's investment objective is to provide total return with a focus on current income and gains and also consisting of long-term capital appreciation.Under normal circumstances, the Fund will invest at least 80% of its net assets (assets plus borrowings for investment purposes) in equity and equity-related securities. Peer groups are unmanaged and cannot be invested in directly. ****Expense Ratio (ER) This material shows expenses for a specific unit class for investment options available under a John Hancock group annuity contract. MAY LOSE VALUE. Risk of Increase in Expenses for Sub-Account. John Hancock Stable Value Fund - viewjhfunds.com 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 actual market value of the underlying assets may, at times, be greater than or less than the book value of the Fund. GAverage Credit Quality is from a Nationally Recognized Statistical Rating Organization (NRSRO). However, if the book value of the Fund exceeds the market value of underlying securities, the stabilizing agreements provide that the payment of certain withdrawals may be delayed for up to 12 months unless the plan or the participant requesting the withdrawal elects to accept such payment subject to a market value adjustment. Allocation percentages may vary or be adjusted due to market or economic conditions or other reasons as set out in the prospectus. 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). **The performance data presented represents past performance. 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. 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 ticker symbols shown are for the underlying mutual fund, collective trusts or ETFs in which sub-accounts are invested. Crediting Rate is set on January 1 and July 1 of each year. 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. These impacts are absorbed by other fund investors, including retirement plan participants. Moody's appends numerical modifiers 1, 2, and 3 to each generic rating classification from Aa through Caa. In particular, allocating assets to a small number of investment options concentrated in particular business or market sectors could subject an account to increased risk and volatility. The risk that John Hancock will default on its obligations under the contract or that other events could render the contract invalid. For further details, please refer to the Offering Circular and Declaration of Trust. Information Concerning John Hancocks Short-Term Trading Policy The group annuity contract is not designed for short-term trading. 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. Fund0.611.832.462.702.843.11--Performance is based on the historical crediting rates applied to balances on deposit in this plan'sstable value investment option and is net of total fees. The stable value fund is managed by Galliard, a subsidiary of Wells Fargo Bank, N.A., custodian for the fund. For more details, see Important Notes (52). Performance does not reflect any applicable contract-level or certain participant-level charges, or any redemption fees imposed by an underlying fund company. Equity, or stock underlying funds may be categorized by the size of the securities in which the fund invests (market capitalization). Manager or Sub-Adviser refers to the manager of the underlying fund, or to the sub-adviser of the underlying John Hancock Trust, John Hancock Funds II, or John Hancock Funds III fund in which the sub-account invests. : redemption fees), associated with the investment optionsselected under your Contract. SEC.gov | HOME 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 . 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. Stable value funds | John Hancock Retirement 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. Performance current to the most recent month-end is available at myplan.johnhancock.com. Why stable value? For the most up-to-date monthly crediting rates, please call 800-395-1113. 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. Although gathered from reliable sources, the information is not represented or warranted by Morningstar to be accurate, correct, complete or timely. The Expense Ratio ("ER") shown represents the total annual operating expenses for the investment options made available by John Hancock. 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. Morningstar ratings are applicable to the underlying only and reflect historical risk-adjusted performance as of the most recent calendar quarter-end. 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. Morningstar ratings are applicable to the underlying only and reflect historical risk-adjusted performance as of the most recent calendar quarter-end. 5A. PDF Prudential Stable Value Fund - Prudential Financial These transactions qualify as party-in-interest . New York Life maintains the Plan's contributions in a separate account. Although gathered from reliable sources, the information is not represented or warranted by Morningstar to be accurate, correct, complete or timely. Although the underlying portfolio seeks to preserve the value of an investment, it is possible to lose money by investing in this portfolio. Asset class/Investment style : Asset class refers to the broad category of investments the portfolio, or underlying fund, currently holds. "John Hancock Stable Value Guaranteed Income Fund provides an option to retirement . 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. 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. Morningstar data is 2023 by Morningstar, Inc. All rights reserved. These charges, if included, would otherwise reduce the total return for a participants account. This investment option is deemed a "Competing" investment option with the John Hancock Stable Value Fund and may not be available. A Separate Account or a portfolio related to other benefit responsive contracts may invest in asset-backed securities. Fees and expenses are only one of several factors that you should consider when making investment decisions. The transaction costs and potential market gains or losses could have an impact on the value of your investment in the affected fund and in the ''new'' fund, and such market gains or losses could also have an impact on the value of any existing investment that you or other investors may have in the ''new'' fund. Date sub-account or Guaranteed Interest Account first available under group annuity contract. 6A. 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. John Hancock Stable Value Fund . Contact your John Hancock representative if you wish to obtain a copy. 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. 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. 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 interest rate is declared in advance of the semiannual rate reset period. 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 fund is not a mutual fund and is privately offered. Returns for any period greater than one year are annualized. PZFVX - JHancock Classic Value A Fund Stock Price | Morningstar Like money market, stable value pays interest and offers a fixed net asset value. John Hancock Stable Value Guaranteed Income Fund John Hancock Retirement : Offers New Stable Value Guaranteed Income 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. 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. 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. 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. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. 249. 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. Credit and Counterparty Risk for Fixed Income. 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. Stable value funds generally provide a higher return Stable value funds are also viewed as safe investments. If the fund is new and has no portfolio history, Morningstar estimates where it will fall before giving it a permanent category assignment. Returns for any period greater than one year are annualized. 142. + 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. Investment Grade Securities for Fixed Income. Analysis of performance and other indicative facts are also considered. 5A. The highest speculative-grade rating is Ba1. 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. For more information or to order prospectuses for the underlying investments, call 800-395-1113 and speak to a client account representative. Morningstar calculates monthly breakpoints using the effective duration of the Morningstar Core Bond Index in determining duration assignment. JohnHancock Financial Industries Fund 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. John Hancock Retirement Plan Services 200 Berkeley Street Boston, MA 02116. . Depending on the Funds selected or recommended by the plan fiduciaries (and whether or not any Funds are recommended or selected), John Hancock and its affiliates may receive additional compensation from the Funds, in the form of 12b-1 fees, transfer agent fees, investment management fees, or otherwise. The lowest investment-grade rating is Baa3. This letter is not a rule, regulation or statement of the Commission, and the Commission has neither approved nor . The John Hancock Stable Value Fund is a collective investment trust that invests in diversified fixed-income mutual funds and contract value stabilizing agreements. 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. ****Expense Ratio (ER) This material shows expenses for a specific unit class for investment options available under a John Hancock group annuity contract. Seeks to provide steady and stable returns with liquidity and a guarantee of principal and interest. 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. Source: Morningstar Direct for Mutual Funds, as of the most recent month end. Morningstar calculates monthly breakpoints using the effective duration of the Morningstar Core Bond Index in determining duration assignment. Often, the issuer of asset-backed securities is a special purpose entity and the investors recourse is limited to the assets comprising the pool. 3A. 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. Ratings are a comprehensive measure of financial strength. Securities are offered through John Hancock Distributors LLC, member FINRA, SIPC.NOT FDIC INSURED. What is a CIT | John Hancock Retirement 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. a) The following Plan financial statements, schedules and reports are attached hereto: . 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. Portfolio % allocations will vary over time. 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. The fixed income portfolios selected for . Here are three reasons why stable value funds can withstand a higher interest-rate environment. 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. . 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 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. It is divided into two sections, investment grade and speculative grade. Withdrawals or transfers initiated by participants will generally be paid at book value, except where they are the result of plan sponsor actions. Withdrawals that are the result of plan sponsor actions may be subject to a market value adjustment or paid out after a 12-month delay.The FER for the underlying fund includes an advisory fee payable to John Hancock Life Insurance Company (U.S.A.) for services provided to the Trustee, as well as a management fee to John Hancock USA and/or its affiliates in connection with the management of one of the underlying investments.

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