The actual market value of the underlying assets may, at times, be greater than or less than the book value of the Fund. Index returns were prepared using Morningstar Direct. PZFVX - JHancock Classic Value A - Review the PZFVX stock price, growth, performance, sustainability and more to help you make the best investments. Stable Value Portfolio, which seeks to maintain stability of principal and maximize current income, joined John Hancock Freedom 529 education savings plan's lineup of investment options on December 1, 2022. If John Hancock were to fail, there is no certainty that the guarantee could be honored. 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. Any difference between the market value and book value will be taken into consideration when setting future crediting rates. This category can include corporate or government ultrashort bond portfolios, but it excludes international, convertible, multisector, and high yield bond portfolios. 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. Maturity/Duration for Fixed Income. Asset-backed securities include interests in pools of residential or commercial mortgages, debt securities, commercial or consumer loans, or other receivables. Portfolio % allocations will vary over time. Weightings - Applicable to only the Target Date (Lifecycle Portfolio) and Target Risk (Lifestyle Portfolios) Each Target Risk/Target Date Portfolio has a target percentage allocation designed to meet the investment objectives of a corresponding investment orientation. 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 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. 142. Requests may be cancelled if not within our guidelines.Participants are allowed a maximum of two exchanges per calendar month. We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Because the fund invests in the separate account, the value of the fund and its ability to honor withdrawal requests from plan participants depends, in part, on the performance of JHLH. 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. Past performance is no guarantee of future results and current performance may be lower or higher than the performance quoted. 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. Source: Morningstar Direct for Mutual Funds, as of the most recent month end. Unless otherwise specifically stated in writing, John Hancock Life Insurance Company (U.S.A.) does not, and is not undertaking to, provide impartial investment advice or give advice in a fiduciary capacity. The contracts provide daily liquidity at their contract value. 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. For more information, please contact your financial representative. These charges, if included, would otherwise reduce the total return for a participant's account. Index Performance: With respect to the Funds that display an index performance. It is divided into two sections, investment grade and speculative grade. 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. Performance does not reflect any applicable contract-level or certain participant-level charges, or any redemption fees imposed by an underlying fund company. These charges, if included, would otherwise reduce the total return for a participant's account. 11-k - Sec 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. 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. The rate is generally guaranteed for six months. john hancock stable value fund financial statements (2022) How stable value funds work | John Hancock Retirement The John Hancock Stable Value Fund is a collective investment trust that invests in diversified fixed-income mutual funds and contract value stabilizing agreements. 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. * The Net expense ratio shown is for the underlying fund and reflects any fee waivers or expense reimbursements and is subject to change. All other performance data is actual (except as otherwise indicated). Investment Grade Securities for Fixed Income. The fund is not a mutual fund and is privately offered. The investment in the Stable Value Fund is a contractual account with New York Life Trust Company ("New York Life"). Although gathered from reliable sources, the information is not represented or warranted by Morningstar to be accurate, correct, complete or timely. 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. john hancock stable value fund financial statements (2022) 800-395-1113 (Participant Service Center) 800-294-3575 (Open Architecture Plans) Mail to: John Hancock Retirement Plan Services. All rights reserved. These impacts are absorbed by other fund investors, including retirement plan participants. These charges, if included, would otherwise reduce the total return for a participants account. i3. The highest speculative-grade rating is Ba1. 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. MAY LOSE VALUE. "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. Peer groups are unmanaged and cannot be invested in directly. All other performance data is actual (except as otherwise indicated). An investment in a sub-account will fluctuate in value to reflect the value of the underlying portfolio and, when redeemed, may be worth more or less than original cost. John Hancock Retirement Offers New Stable Value Guaranteed Income Fund 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. Funds are placed in a category based on their portfolio statistics and compositions over the past three years. The ticker symbols shown are for the underlying mutual fund, collective trusts or ETFs in which sub-accounts are invested. Index performance shown is for a broad-based securities market index. Withdrawals or transfers initiated by participants will generally be paid at book value, except where they are the result of plan sponsor actions. Net assets are more likely to decrease and fund expense ratios are more likely to increase when markets are volatile. Analysis of performance and other indicative facts are also considered. 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. 6A. Categories may be changed based on recent changes to the portfolio. Refer to the Massachusetts contract form for more details about the John Hancock Stable Value Guaranteed Income Fund. The lowest investment-grade rating is Baa3. Fund Expense Ratio or FER). The highest speculative-grade rating is Ba1. Morningstar ratings are applicable to the underlying only and reflect historical risk-adjusted performance as of the most recent calendar quarter-end. John Hancock Stable Value Fund - viewjhfunds.com John Hancock Retirement : Offers New Stable Value Guaranteed Income Fund Performance does not reflect any applicable contract-level or participant-level charges, fees for guaranteed benefits if elected by participant, or any redemption fees imposed by an underlying mutual fund, collective trust or ETF. All performance calculations shown have been prepared solely by John Hancock USA.
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