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. John Hancock does not provide advice regarding appropriate investment allocations. 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. PZFVX - JHancock Classic Value A - Review the PZFVX stock price, growth, performance, sustainability and more to help you make the best investments. 6A. The performance data presented represents past performance. Before investing you should review the Fund's Offering Memorandum. These investment options may be sub-accounts (pooled funds) investing directly in underlying mutual fund, collective trusts, or ETFs, or they may be Guaranteed Interest Accounts.The Funds offered on the JH Signature platform are classified into five risk categories. These charges, if included, would otherwise reduce the total return for a participant's account. 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. Refer to the Massachusetts contract form for more details about the John Hancock Stable Value Guaranteed Income Fund. John Hancock Distributors LLC Member FINRA, SIPC 200 Berkeley Street Boston, MA 02116 800-225-6020. Seeks to provide steady and stable returns with liquidity and a guarantee of principal and interest. All other performance data is actual (except as otherwise indicated). 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. Manager Risk for Fixed Income. 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 funds generally provide a higher return Stable value funds are also viewed as safe investments. 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. All other performance data is actual (except as otherwise indicated). 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. Retirement plan fiduciaries should be familiar with the key features of stable value funds as they perform due diligence. The Expense Ratio ("ER") shown represents the total annual operating expenses for the investment options made available by John Hancock. The underlying mutual fund, collective trust, or ETF has the right to restrict trade activity without prior notice if a participant's trading is determined to be in excess of their exchange policy, as stated in the prospectus or offering memorandum. Past performance is no guarantee of future results. 5A. If the sub-account inception date is after February 23, 2007, then the class introduction date is the same as the sub-account inception date. 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. This investment option is deemed a "Competing" investment option with the John Hancock Stable Value Fund and may not be available. 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. It is fully portable and. 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. 2A. Stable value funds are a type of principal preservation investment available to 401 (k) plans, pensions, and other institutional funds. It is divided into two sections, investment grade and speculative grade. Index performance shown is for a broad-based securities market index. Morningstar data is 2023 by Morningstar, Inc. All rights reserved. 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. 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 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. 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.Returns for any period greater than one year are annualized. Not available to defined benefit plans. John Hancock conducts business in English. 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. 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. 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. 13. Index returns were prepared using Morningstar Direct. Listed holdings do not represent all of the holdings in the underlying fund. Redemption fees or market value adjustments associated with exchanges from particular investment options are described on applicable fund sheets, which are available online. 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 John Hancock Stable Value Fund invests a portion of its assets in a separate investment account maintained by John Hancock Life & Health Insurance Company ('John Hancock Life & Health'), an affiliate of John Hancock USA, which has claimed an exclusion from the definition of the term 'Commodity Pool Operator' under CFTC Regulation 4.5 under the Commodity Exchange Act with respect to its operation of such separate account and, therefore, John Hancock Life & Health is not subject to registration or regulation as a pool operator under Regulation 4.5 for such separate account. The fixed income portfolios selected for . 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 is obligated to pay the guaranteed crediting rate for each rate period. Credit and Counterparty Risk for Fixed Income. 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 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. 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. 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. Past performance is not a guarantee of future results. 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. 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 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. Exchange traded funds and open-ended mutual funds are considered a single population for comparative purposes. **A funds investment objectives, risks, charges, and expenses should be considered carefully before investing. Redemption fees or market value adjustments associated with exchanges from particular investment options are described on applicable fund sheets, which are available online. 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. 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. These impacts are absorbed by other fund investors, including retirement plan participants. Contact your John Hancock representative if you wish to obtain a copy. Morningstar Category: 2023 Morningstar. ****Expense Ratio (ER) This material shows expenses for a specific unit class for investment options available under a John Hancock group annuity contract. Funds are placed in a category based on their portfolio statistics and compositions over the past three years. 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. If these charges were reflected, performance would be lower. From time to time, changes are made to Funds, and the availability of these changes may be subject to State approvals or other compliance requirements. For more information or to order prospectuses for the underlying investments, call 800-395-1113 and speak to a client account representative. Asset-backed securities include interests in pools of residential or commercial mortgages, debt securities, commercial or consumer loans, or other receivables. Crediting Rate is set in advance and is guaranteed by John Hancock Life Insurance Company (USA) and will not be less than 1%. The total revenue John Hancock receives on this Fund is higher than those advised or sub-advised exclusively by unaffiliated entities. The highest speculative-grade rating is Ba1. : Expense Ratios), and transaction-related charges (e.g. A Separate Account or a portfolio related to other benefit responsive contracts may invest in asset-backed securities. Past performance is not a guarantee of future results. Consult your John Hancock representative for details. New York Life maintains the Plan's contributions in a separate account. Portfolio % allocations will vary over time. Securities are offered through John Hancock Distributors LLC, member FINRA, SIPC.NOT FDIC INSURED. These financial statements are the responsibility of the Plan's management. Performance does not reflect any applicable contract-level or certain participant-level charges, or any redemption fees imposed by an underlying fund company. John Hancock conducts business in English. 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. John Hancock Stable Value Fund . "Underlying fund" includes the underlying mutual fund, collective trust, or ETF in which a sub-account invests. 143. The performance of an Index does not include any portfolio or insurance-related charges. 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. 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. 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. * The Net expense ratio shown is for the underlying fund and reflects any fee waivers or expense reimbursements and is subject to change. The obligations of each Stability Provider are general, unsecured obligations of such Stability Provider. John Hancock Retirement Plan Services 200 Berkeley Street Boston, MA 02116. 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. The Plan invests in the John Hancock Stable Value Fund which is a collective investment trust fund sponsored 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. 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. Fixed income, or bond Funds are often categorized by the duration and credit quality of the bonds held in the underlying fund. 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). Please refer to the underlying prospectus or offering documents for additional information.A. Timely payment under unsecured fixed income securities is dependent entirely upon the performance of the issuer, guarantor or counterparty. Source: Morningstar Direct for Mutual Funds, as of the most recent month end. December 31, 2020 and 2019 . 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 (U.S.A.). 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. Performance current to the most recent month-end is available at myplan.johnhancock.com. These transactions qualify as party-in-interest . The underlying fund company has not reviewed the sub-accounts performance. The ticker symbols shown are for the underlying mutual fund, collective trusts or ETFs in which sub-accounts are invested. If these charges were reflected, performance would be lower. 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. This category can include corporate or government ultrashort bond portfolios, but it excludes international, convertible, multisector, and high yield bond portfolios. NOT FDIC INSURED. 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 The Turnover Ratio shown is based on the most recent available financial statements for the underlying mutual fund, collective trust, or ETF as of the date of printing and is subject to change. 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. Key stable value due diligence areas Stable value isn't built like a mutual fund or a money market fund, and anyone evaluating a stable value fund should understand how it works. Crediting Rate is set on January 1 and July 1 of each year. The lowest investment-grade rating is Baa3. John Hancock and its affiliates provide advisory and/or sub-advisory services for the underlying fund. 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). Ratings are a comprehensive measure of financial strength. 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. Merger and Replacement Transition Risk for Sub-Account. The ticker symbols shown are for the underlying mutual fund, collective trusts or ETFs in which sub-accounts are invested. Morningstar Category: 2023 Morningstar. 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. For more details, see Important Notes (52). "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. All rights reserved. p45. 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. 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. Net assets represent the sum of participant balances on deposit in this plan's stable valueinvestment option. This disclosure provides a brief summary of John Hancock's recordkeeping services, investment-related information including the annual operating expense (e.g. 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). Although gathered from reliable sources, the information is not represented or warranted by Morningstar to be accurate, correct, complete or timely. Allocation percentages may vary or be adjusted due to market or economic conditions or other reasons as set out in the prospectus. Group annuity contracts and recordkeeping agreements are issued by John Hancock Life Insurance Company (U.S.A.), Boston, MA (not licensed in New York). 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. class d security license test,
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