John Hancock and its affiliates provide advisory and/or sub-advisory services for 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. This information is not intended as investment advice and there can be no assurance that any investment option will achieve its objectives or experience less volatility than another. 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"). In this event, short- and medium-duration securities are effectively converted into longer-duration securities, increasing their sensitivity to interest-rate changes and causing their prices to decline. The highest speculative-grade rating is Ba1. 143. 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. Extension Risk. 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. 1 Stable value funds have a low sensitivity to interest-rate changes For more information, please contact your financial representative. Fixed income, or bond Funds are often categorized by the duration and credit quality of the bonds held in the underlying fund. 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. 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. These charges, if included, would otherwise reduce the total return for a participants account. 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. 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. It is fully portable and. For further details, please refer to the Offering Circular and Declaration of Trust. 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. The cumulative effect of fees and expenses can substantially reduce the growth of your retirement account. Contact your John Hancock representative if you wish to obtain a copy. The actual market value of the underlying assets may, at times, be greater than or less than the book value of the Fund. For more information or to order prospectuses for the underlying investments, call 800-395-1113 and speak to a client account representative. An investment in this portfolio is not insured or guaranteed by The Federal Deposit Insurance Corporation or any other government agency. Index performance shown is for a broad-based securities market index. Index returns were prepared using Morningstar Direct. John Hancock Stable Value Fund: Qualified retirement plans that select the John Hancock Stable Value Fund as an eligible investment option under the group annuity contract are restricted from selecting any fixed-income investment options for the plan deemed to be 'Competing', including (i) any book value fixed income Fund, (ii) any other fixed income Fund with a targeted average duration of two (2) years or less, including but not limited to, a money market Fund or a short-term bond Fund, or (iii) any guaranteed interest account (other than a ten (10) year maturity guaranteed interest account maintained by an affiliate of John Hancock Life Insurance Company (U.S.A.) originally offered prior to May 1, 2006). The statements in this letter represent the views of the Division of Investment Management. Credit and Counterparty Risk for Fixed Income. Please confirm with your local John Hancock Representative if you have any questions about product, Fund or contract feature availability. 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. Manager Risk for Fixed Income. "John Hancock Stable Value Guaranteed Income Fund provides an option to retirement . NOT BANK GUARANTEED. 2023 John Hancock. Past performance is no guarantee of future results.Morningstar assigns categories by placing funds into peer groups based on their underlying holdings. Past performance is not a guarantee of future results. 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. 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. 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. This disclosure provides a brief summary of John Hancock's recordkeeping services, investment-related information including the annual operating expense (e.g. 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." Market Risk for Fixed Income. or legal statements made herein . Interest Rate Risk for Fixed Income. 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. Returns for any period greater than one year are annualized. Index Performance: With respect to the Funds that display an index performance. Significant Scale ****Expense Ratio (ER) This material shows expenses for a specific unit class for investment options available under a John Hancock group annuity contract. Our responsibility is to express an opinion on these financial statements based on our audits. 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. Information Concerning John Hancocks Short-Term Trading Policy The group annuity contract is not designed for short-term trading. Morningstar data is 2023 by Morningstar, Inc. All rights reserved. Securities are offered through John Hancock Distributors LLC, member FINRA, SIPC.NOT FDIC INSURED. FTSE Treasury Bill 3-Month Index: An unmanaged, market capitalization weighted, index of 3-month Treasury bills. 4A. 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. Past performance is no guarantee of future results and current performance may be lower or higher than the performance quoted. Asset class/Investment style : Asset class refers to the broad category of investments the portfolio, or underlying fund, currently holds. The terms investment grade and speculative grade are market conventions and do not imply any recommendation or endorsement of a specific security for investment purposes. Funds with scores in the top 10% of each category receive 5 stars (highest); the next 22.5%, 4 stars (above average); the next 35%, 3 stars (average); the next 22.5%, 2 stars (below average); and the bottom 10%, 1 star (lowest). The highest speculative-grade rating is Ba1. 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 fund invests a portion of its assets (including cash and cash equivalents) in a separate account of John Hancock Life & Health Insurance Company (JHLH). 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. Index performance shown is for a broad-based securities market index. GAverage Credit Quality is from a Nationally Recognized Statistical Rating Organization (NRSRO). 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. Moody's appends numerical modifiers 1, 2, and 3 to each generic rating classification from Aa through Caa. The underlying fund company has not reviewed the sub-accounts performance. Past performance is no guarantee of future results and current performance may be lower or higher than the performance quoted. Group annuity contracts and recordkeeping agreements are issued by John Hancock Life Insurance Company (U.S.A.), Boston, MA (not licensed in New York). Exchange traded funds and open-ended mutual funds are considered a single population for comparative purposes. 166. 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. 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. 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. Fixed income, or bond Funds are often categorized by the duration and credit quality of the bonds held in the underlying fund. The fund is not a mutual fund and is privately offered. It is made up of John Hancock's (i) "Revenue from Sub-account", and (ii) the expenses of the underlying fund (based on expense ratios reported in the most recent prospectuses available as of the date of printing; "FER"). Private Fund Risk. . **The performance data presented represents past performance. 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. Please confirm with your local John Hancock Representative if you have any questions about product, Fund or contract feature availability. 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. The guarantee of principal and interest is backed up solely by the assets of John Hancock Life Insurance Company (U.S.A.) (''John Hancock'').
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