john hancock stable value fund financial statements (2022) Fees and expenses are only one of several factors that you should consider when making investment decisions. The actual market value of the underlying assets may, at times, be greater than or less than the book value of the Fund. Withdrawals for plan distributions, loans, hardship withdrawals, and transfers to other investments will be paid at full value. 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. 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 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. 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. 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 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. 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 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 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. 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). Withdrawals for plan distributions, loans, hardship withdrawals, and transfers to other investments will be paid at full value. The lowest investment-grade rating is Baa3. 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). 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. The obligations of each Stability Provider are general, unsecured obligations of such Stability Provider. 143. The Expense Ratio ("ER") shown represents the total annual operating expenses for the investment options made available by John Hancock. 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. An investment in this portfolio is not insured or guaranteed by The Federal Deposit Insurance Corporation or any other government agency. PZFVX - JHancock Classic Value A - Review the PZFVX stock price, growth, performance, sustainability and more to help you make the best investments. Withdrawals or transfers initiated by participants will generally be paid at book value, except where they are the result of plan sponsor actions. John Hancock Stable Value Fund - viewjhfunds.com For example, expense ratios may be higher than those shown if a fee limitation is changed or terminated or if average net assets decrease. Although the underlying portfolio seeks to preserve the value of an investment, it is possible to lose money by investing in this portfolio. 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 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. John Hancock conducts business in English. The John Hancock Stable Value Fund is a collective investment trust that invests in diversified fixed-income mutual funds and contract value stabilizing agreements. For more information, please contact your financial representative. Funds are placed in a category based on their portfolio statistics and compositions over the past three years. How stable value funds work | John Hancock Retirement Analysis of performance and other indicative facts are also considered. This investment option is deemed a 'Competing' investment option with John Hancock Stable Value Guaranteed Income Fund and may not be available. Returns shown reflect the Expense Ratio of the sub-account. PDF John Hancock's ERISA 408(b)(2) Disclosure 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." The Fund is available for 401 (k), 401 (a), governmental 457 (b) and Taft-Hartley plans. The cumulative effect of fees and expenses can substantially reduce the growth of your retirement account. Performance charts for John Hancock Stable Value Portfolio Fund (JMGWX) including intraday, historical and comparison charts, technical analysis and trend lines. 128. PDF Prudential Stable Value Fund - Prudential Financial GAverage Credit Quality is from a Nationally Recognized Statistical Rating Organization (NRSRO). Information Concerning John Hancocks Short-Term Trading Policy The group annuity contract is not designed for short-term trading. How Do Stable Value Funds Work? - SmartAsset 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. For more details, see Risk Disclosures section of this booklet. The guarantee of principal and interest is backed up solely by the assets of John Hancock Life Insurance Company (U.S.A.) (''John Hancock''). Stabilizing Agreement/Wrap Provider Risk. Redemption fees or market value adjustments associated with exchanges from particular investment options are described on applicable fund sheets, which are available online. Seeks to preserve capital and provide stability of principal while earning current income that exceeds money market rates over the long term. This category can include corporate or government ultrashort bond portfolios, but it excludes international, convertible, multisector, and high yield bond portfolios. 166. Date sub-account or Guaranteed Interest Account first available under group annuity contract.This class was introduced February 23, 2007. Morningstar ratings are applicable to the underlying only and reflect historical risk-adjusted performance as of the most recent calendar quarter-end. Returns shown reflect the Expense Ratio of the sub-account. NOT FDIC INSURED. These charges, if included, would otherwise reduce the total return for a participant's account. * The Net expense ratio shown is for the underlying fund and reflects any fee waivers or expense reimbursements and is subject to change. Redemption fees or market value adjustments associated with exchanges from particular investment options are described on applicable fund sheets, which are available online. If the insurer fails, the plan is left only with a claim against the issuer as a general creditor. Extension Risk. For further details regarding risk and other risks that may apply please refer to the John Hancock Stable Value Guaranteed Income Fund Product Guide. 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). Due to abnormal market conditions or redemption activity the fund may temporarily invest in cash and cash equivalents. Past performance is no guarantee of future results and current performance may be lower or higher than the performance quoted. 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. 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. 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).
Global Methodist Church,
Does A 45 Day Closing Include Weekends,
Uber Interview Rejection Call,
Articles J