old norwich union pension
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. Securities are offered through John Hancock Distributors LLC, member FINRA, SIPC.NOT FDIC INSURED. 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. Asset-backed securities include interests in pools of residential or commercial mortgages, debt securities, commercial or consumer loans, or other receivables. The lowest investment-grade rating is Baa3. 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. Securities with longer maturities or durations typically have higher yields but may be subject to increased interest-rate risk and price volatility compared with securities with shorter maturities, which have lower yields but greater price stability. These impacts are absorbed by other fund investors, including retirement plan participants. Principal risks include:john hancock credit, issuer guaranteed, merger and replacement and private fund. The cumulative effect of fees and expenses can substantially reduce the growth of your retirement account. 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. For the most up-to-date semiannual crediting rates, please call 800-395-1113. December 31, 2020 and 2019 . The value of such securities depends on many factors, including, but not limited to, changes in interest rates, the structure of the pool and the priority of the securities within that structure, the credit quality of the underlying assets, the skill of the pools servicer, the market's perception of the pools servicer, and credit enhancement features (if any). For further details regarding risk and other risks that may apply please refer to the John Hancock Stable Value Guaranteed Income Fund Product Guide. The Fund will be launched on John Hancock's Signature Platform next year. Net assets are more likely to decrease and fund expense ratios are more likely to increase when markets are volatile. Past performance is no guarantee of future results.Morningstar assigns categories by placing funds into peer groups based on their underlying holdings. 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). These transactions qualify as party-in-interest . John Hancock Retirement : Offers New Stable Value Guaranteed Income Fund 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. Principal risks include:merger and replacement, asset-backed security, market risk for Fixed Income, extension, John Hancock, investment grade, stablilizing agreement/wrap provider, risk of increase expenses, interest rate Fixed Income, manager risk for Fixed Income, credit and counterparty, prepayment and maturity/duration. Guarantees are provided to participating retirement plans through a rider on a group annuity contract issued by John Hancock Life Insurance Company. 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). John Hancock is obligated to pay the guaranteed crediting rate for each rate period. The risk that John Hancock will default on its obligations under the contract or that other events could render the contract invalid. John Hancock and its affiliates provide advisory and/or sub-advisory services for the underlying fund. Contact your John Hancock representative if you wish to obtain a copy. NOT FDIC INSURED. The stable value fund is managed by Galliard, a subsidiary of Wells Fargo Bank, N.A., custodian for the fund. 5A. These charges, if included, would otherwise reduce the total return for a participant's account. Indexes are unmanaged and cannot be invested in directly. AThe amounts displayed below represent the gross and net expense ratios of the underlying fund in which the sub-account invests. Net assets represent the sum of participant balances on deposit in this plan's stable valueinvestment option. JOHN HANCOCK STABLE VALUE RETURN FUND R6 - Insider Exchange traded funds and open-ended mutual funds are considered a single population for comparative purposes. Many fixed income investments face the risk that the securities will decline in value because of changes in interest rates. The Plan invests in the John Hancock Stable Value Fund which is a collective investment trust fund sponsored by John Hancock. Performance data reflects changes in the prices of a sub-account's investments (including the shares of an underlying mutual fund, collective trust, or ETF), reinvestment of dividends and capital gains and deductions for the sub-account charges.The performance data presented represents past performance. Funds are placed in a category based on their portfolio statistics and compositions over the past three years. PDF Wilmington Trust Collective Investment Trust Wtna Stable Value Funds Risks Relating to John Hancock. The fund is not a mutual fund and is privately offered. Significant Scale 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. Please refer to the underlying prospectus or offering documents for additional information.A. + When contributions are allocated to Funds under your employer's group annuity contract with John Hancock, they will be held in a sub-account (also referred to as "Fund"), which invests in shares of the specified underlying mutual fund, collective trust, ETF or a combination of these. 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. 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. 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. Analysis of performance and other indicative facts are also considered. 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. For more details, see Risk Disclosures section of this booklet. PDF John Hancock's ERISA 408(b)(2) Disclosure Source: Morningstar Direct for Mutual Funds, as of the most recent month end. The fund expects that the use of Stabilizing Agreements will (when combined with any benefit responsive contracts and short-term investments held as underlying investments), under most circumstances, permit the fund to pay all withdrawals from the fund at book value. 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. 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. 26. 142. An exchange is defined as the full rebalance of a participants account, or single or multiple fund-to-fund transfers that involve multiple investment options (also referred to as inter-account transfers) on one day, and may be made over the Web, by fax, courier or mail, through our toll-free participant services line, or with a client account representative.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.Once the 30-day hold has expired, participants can trade again in accordance with the above guidelines.The guidelines do not. Maturity/Duration for Fixed Income. Index returns were prepared using Morningstar Direct. Contact your John Hancock representative if you wish to obtain a copy. 6A. 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. 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). 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. FTSE Treasury Bill 3-Month Index: An unmanaged, market capitalization weighted, index of 3-month Treasury bills. For these services, John Hancock and its affiliates receive additional fees which are included in the underlying fund expense ratio (i.e. 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"). Document - SEC 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. Analysis of performance and other indicative facts are also considered. Seeks to provide steady and stable returns with liquidity and a guarantee of principal and interest. Refer to the Massachusetts contract form for more details about the John Hancock Stable Value Guaranteed Income Fund.