The lowest investment-grade rating is Baa3. If the fund is new and has no portfolio history, Morningstar estimates where it will fall before giving it a permanent category assignment. JSJWX Quote - John Hancock Stable Value Portfolio Fund For these services, John Hancock and its affiliates receive additional fees which are included in the underlying fund expense ratio (i.e. 142. Merger and Replacement Transition Risk for Sub-Account. 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. 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. While an insolvency of JHLH should not diminish the assets of the Separate Account, it could delay the timing of payments to plan participants. Funds are placed in a category based on their portfolio statistics and compositions over the past three years. Consult your John Hancock representative for details. 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. 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. Returns for any period greater than one year are annualized. Understanding how a stable value fund works can help you determine if it's right for your 401 (k) or other institutional plan lineup. 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. 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. An investment in this portfolio is not insured or guaranteed by The Federal Deposit Insurance Corporation or any other government agency. 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. 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. For more details, see Important Notes (52). Generally, fixed income investments will decrease in value when interest rates rise (and increase in value when interest rates fall). 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. 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. Contact your John Hancock representative if you wish to obtain a copy. 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. It is divided into two sections, investment grade and speculative grade. 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. Ultrashort is defined as 25% of the three-year average effective duration of the MCBI. 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. Fund availability subject to regulatory approval and may vary from state to state. The trustee of a stable value fund and/or the manager or sponsor of the underlying investments of a stable value fund typically endeavor to maintain one or more Stabilizing Agreements (also known as a Wrap Agreement) with Stability Provider(s) (also known as Wrap Providers) in an attempt to maintain the book value of the fund or the underlying investments. Here are three reasons why stable value funds can withstand a higher interest-rate environment. 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. 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. As interest rates decline, the issuers of certain fixed income securities, including asset-backed securities, may prepay principal earlier than scheduled, forcing the applicable portfolio manager to reinvest in potentially lower yielding securities. The highest speculative-grade rating is Ba1. If the insurer fails, the plan is left only with a claim against the issuer as a general creditor. The Fund is available for 401 (k), 401 (a), governmental 457 (b) and Taft-Hartley plans. Learn More If John Hancock earns less than the crediting rate, John Hancock will pay the difference out of its own funds. 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. ****Expense Ratio (ER) This material shows expenses for a specific unit class for investment options available under a John Hancock group annuity contract. 166. 2A. Morningstar Category: 2023 Morningstar. Contact your John Hancock representative if you wish to obtain a copy. MAY LOSE VALUE. Although gathered from reliable sources, the information is not represented or warranted by Morningstar to be accurate, correct, complete or timely. . . John Hancock Stable Value Guaranteed Income Fund Unless your plan sponsor has elected the Market Value Recovery feature, there are no stated fees for investing in this fund. 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." We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). 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. Performance does not reflect any applicable contract-level or certain participant-level charges, or any redemption fees imposed by an underlying fund company. The Fund will be launched on John Hancock's Signature Platform next year. Morningstar Category: 2023 Morningstar. 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. FINANCIAL STATEMENTS AND EXHIBITS . The John Hancock Stable Value Guaranteed Income Fund seeks to preserve capital and provide stability of principal while earning current income that exceeds money market rates over the long term. Returns for any period greater than one year are annualized. The performance data presented represents past performance. JohnHancock Financial Industries Fund The information shown is based on the most recent available information for the underlying mutual fund, collective trust, or ETF (collectively referred to as underlying fund) as of the date of printing and is subject to change. Thus, the ability of a stable value fund to pay withdrawals at book value depends on the ability of the Stability Provider(s) to make payments under the Stabilizing Agreements. Earnings Before Interest Taxes and Depreciation Amortization EBITDA is likely to rise to about 213 M in 2023, whereas Net Income Per Employee is likely to drop slightly above 10.4 K in 2023. Contact your John Hancock representative if you wish to obtain a copy. Past performance is not a guarantee of future results. Investments in the Fund will accrue interest at the applicable monthly crediting rate, which rate will be set based upon a formula but may be adjusted from time to time as agreed upon by the Stability Provider(s) and John Hancock Life Insurance Company (USA). 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). Returns shown reflect the Expense Ratio of the sub-account. Retirement plan fiduciaries should be familiar with the key features of stable value funds as they perform due diligence. Manulife and John Hancock have strong financial strength ratings1from AM Best Company ("AM Best"), DBRS Limited and affiliated entities ("DBRS Morningstar"), Fitch Ratings Inc. ("Fitch"), Moody's Investors Service Inc. ("Moody's") and S&P Global Ratings ("S&P"). All Rights Reserved. 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. The interest rate is declared in advance of the semiannual rate reset period. 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. Listed holdings do not represent all of the holdings in the underlying fund. 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. John Hancock Stable Value Fund - viewjhfunds.com John Hancock and its affiliates provide advisory and/or sub-advisory services for the underlying fund. Withdrawals or transfers initiated by participants will generally be paid at book value, except where they are the result of plan sponsor actions. Information Concerning John Hancocks Short-Term Trading Policy The group annuity contract is not designed for short-term trading. Any difference between the market value and book value will be taken into consideration when setting future crediting rates. Check John Hancock financial statements over time to gain insight into future company . 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. Issuer Risk for Guaranteed Fund. NOTES TO FINANCIAL STATEMENTS . Fund availability subject to regulatory approval and may vary from state to state. 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). 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. 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. Peer groups are unmanaged and cannot be invested in directly. The cumulative effect of fees and expenses can substantially reduce the growth of your retirement account. Crediting Rate is set in advance and is guaranteed by John Hancock Life Insurance Company (USA) and will not be less than 1%. Past performance is no guarantee of future results.Morningstar assigns categories by placing funds into peer groups based on their underlying holdings. 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. Why stable value? Withdrawals for plan distributions, loans, hardship withdrawals, and transfers to other investments will be paid at full value. Securities are offered through John Hancock Distributors LLC, member FINRA, SIPC.NOT FDIC INSURED. Contact your John Hancock representative if you wish to obtain a copy. Fixed income, or bond Funds are often categorized by the duration and credit quality of the bonds held in the underlying fund. These transactions qualify as party-in-interest . 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. 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. You want to preserve capital as your primary objective, You want an investment that has a low correlation to equities, You want returns similar to medium-term bond funds with less volatility, You want an investment option that provides liquidity and is generally accessible for withdrawals by participants at book value, You want the added security of an account value that is guaranteed by third parties.

Phasmophobia Dead Player Interaction, Giantex Portable Washing Machine Hose Adapter, Articles J