Refer to the prospectus of the underlying fund for details.When calculating the Expense Ratio of the sub-account, the net expense ratio of the underlying fund is used. 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. a) The following Plan financial statements, schedules and reports are attached hereto: . Contact your John Hancock representative if you wish to obtain a copy. Contact your John Hancock representative if you wish to obtain a copy. ****Expense Ratio (ER) This material shows expenses for a specific unit class for investment options available under a John Hancock group annuity contract. "John Hancock Stable Value Guaranteed Income Fund provides an option to retirement . Principal Amount or Shares Cost Fair Value Guaranteed Investment Contracts - 94.3% Great-West Guaranteed FundingAgreement 599950-01 1,539,665,223 $ 1,539,665,223 $ 1,539,665,223 "Underlying fund" includes the underlying mutual fund, collective trust, or ETF in which a sub-account invests. Market Risk for Fixed Income. Learn More 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. 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. Extension Risk. 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. Past performance is no guarantee of future results and current performance may be lower or higher than the performance quoted. The fact that assets are exposed to credit risk of the insurance company. Contact your John Hancock representative if you wish to obtain a copy. Withdrawals or transfers initiated by participants will generally be paid at book value, except where they are the result of plan sponsor actions. The investment in the Stable Value Fund is a contractual account with New York Life Trust Company ("New York Life"). The current crediting rate is guaranteed only until the next rate reset date; crediting rates in future periods may be higher or lower, but in no case less than 1%. No outcome establish. Stable value funds post high yields with relatively low risk, and your retirement plan could already be invested in this asset class. Fixed income, or bond Funds are often categorized by the duration and credit quality of the bonds held in the underlying fund. These impacts are absorbed by other fund investors, including retirement plan participants. John Hancock and its affiliates provide advisory and/or sub-advisory services for the underlying fund. 52. if your plan has selected the John Hancock Stable Value Fund as an Investment Option for its Contract . Moody's appends numerical modifiers 1, 2, and 3 to each generic rating classification from Aa through Caa. NOTE F - NEW YORK LIFE STABLE VALUE FUND . 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. 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. Although the underlying portfolio seeks to preserve the value of an investment, it is possible to lose money by investing in this portfolio. Guarantees are provided to participating retirement plans through a rider on a group annuity contract issued by John Hancock Life Insurance Company. Group annuity contracts and recordkeeping agreements are issued by John Hancock Life Insurance Company (U.S.A.), Boston, MA (not licensed in New York). Significant Scale 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. 143. * The Net expense ratio shown is for the underlying fund and reflects any fee waivers or expense reimbursements and is subject to change. Contact your John Hancock representative if you wish to obtain a copy.Units of the Fund have not been registered under the Securities Act of 1933, as amended, or under the securities laws of any other jurisdiction; and the Fund is not registered under the Investment Company Act of 1940, as amended, or other applicable law, and participants are not entitled to the protections of such Act. . 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. Performance charts for John Hancock Stable Value Portfolio Fund (JSJWX) including intraday, historical and comparison charts, technical analysis and trend lines. The information shown is based on the most recent available information for the underlying mutual fund, collective trust, or ETF (collectively referred to as underlying fund) as of the date of printing and is subject to change. 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. Your actual costs of investing in the fund may be higher than the expenses shown in "Annual fund operating expenses" for a variety of reasons. This investment option is deemed a "Competing" investment option with the John Hancock Stable Value Fund and may not be available. Index returns were prepared using Morningstar Direct. Returns shown reflect the Expense Ratio of the sub-account. or legal statements made herein . Performance does not reflect any applicable contract-level or certain participant-level charges. Not available to defined benefit plans. The highest speculative-grade rating is Ba1. Risk of Increase in Expenses for Sub-Account. Crediting Rate is an Approximation. MAY LOSE VALUE. The total revenue John Hancock receives on this Fund is higher than those advised or sub-advised exclusively by unaffiliated entities. 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. 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. You want to preserve capital as your primary objective, You want an investment that has a low correlation to equities, You want returns similar to medium-term bond funds with less volatility, You want an investment option that provides liquidity and is generally accessible for withdrawals by participants at book value, You want the added security of an account value that is guaranteed by third parties. Fees and expenses are only one of several factors that you should consider when making investment decisions. apply to regular allocations, loans, or withdrawalsIn addition, on an ongoing basis, participant account activity is reviewed for trading activity that, though within the monthly exchange limit, could be detrimental to an underlying fund and/or contrary to its exchange policies, as described in the funds prospectus. Fund availability subject to regulatory approval and may vary from state to state. Stable value funds are a type of principal preservation investment available to 401 (k) plans, pensions, and other institutional funds. 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, please refer to the Offering Circular and Declaration of Trust. If John Hancock earns less than the crediting rate, John Hancock will pay the difference out of its own funds. All other performance data is actual (except as otherwise indicated). 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. Consult your John Hancock representative for details. 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. 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. Fund availability subject to regulatory approval and may vary from state to state. 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. 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. Returns for any period greater than one year are annualized. NOT FDIC INSURED. Performance does not reflect any applicable contract-level or certain participant-level charges, or any redemption fees imposed by an underlying fund company. 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. Source: Morningstar Direct for Mutual Funds, as of the most recent month end. Peer Group Performance: With respect to the Funds that display a Peer Group Performance. The Expense Ratio ("ER") shown represents the total annual operating expenses for the investment options made available by John Hancock. Stable value funds generally provide a higher return Stable value funds are also viewed as safe investments. A market decline could adversely affect the market value of existing fixed income investments of a portfolio, as well as the yield available on investments of new cash flows. Index Performance: With respect to the Funds that display an index performance. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. You can visit the Employee Benefit Security Administration's Web site for an example demonstrating the long-term effect of fees and expenses. 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. p45. This investment option is deemed a 'Competing' investment option with the Reliance MetLife Stable Value Fund and may not be available if the Reliance MetLife Stable Value Fund is selected. Past performance is not a guarantee of future results. An investment in this portfolio is not insured or guaranteed by The Federal Deposit Insurance Corporation or any other government agency. 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"). 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. For the most up-to-date monthly crediting rates, please call 800-395-1113. Ultrashort is defined as 25% of the three-year average effective duration of the MCBI. Principal risks include:john hancock credit, issuer guaranteed, merger and replacement and private fund. John Hancock Retirement Plan Services 200 Berkeley Street Boston, MA 02116. New York Life maintains the Plan's contributions in a separate account. 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. apply to regular allocations, loans, or withdrawalsIn addition, on an ongoing basis, participant account activity is reviewed for trading activity that, though within the monthly exchange limit, could be detrimental to an underlying fund and/or contrary to its exchange policies, as described in the funds prospectus. Merger and Replacement Transition Risk for Sub-Account. Interest Rate Risk for Fixed Income. 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. 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). Although gathered from reliable sources, the information is not represented or warranted by Morningstar to be accurate, correct, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Funds are placed in a category based on their portfolio statistics and compositions over the past three years. 2A. 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. Past performance is not a guarantee of future results. You want a fund where the primary objective is the preservation of capital, You want principal protection and steady returns regardless of the market environment, You want the security of an account value guaranteed by John Hancock. Any difference between the market value and book value will be taken into consideration when setting future crediting rates. Contact your John Hancock representative if you wish to obtain a copy. Issuer Risk for Guaranteed Fund. 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. Collective investment trusts (CITs) are tax-exempt, pooled investment vehicles maintained by a bank or trust company, and they're available only to ERISA-qualified retirement accounts. 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. 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. . 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). GAverage Credit Quality is from a Nationally Recognized Statistical Rating Organization (NRSRO). The underlying fund company has not reviewed the sub-accounts performance. Many fixed income investments face the risk that the securities will decline in value because of changes in interest rates. 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. This category can include corporate or government ultrashort bond portfolios, but it excludes international, convertible, multisector, and high yield bond portfolios. Peer groups are unmanaged and cannot be invested in directly. For further details, please refer to the Offering Statement and Declaration of Trust. Contact your John Hancock representative if you wish to obtain a copy. 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. Retirement plan fiduciaries should be familiar with the key features of stable value funds as they perform due diligence. The John Hancock Stable Value Fund is a collective investment trust that invests in diversified fixed-income mutual funds and contract value stabilizing agreements. 142. 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. 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. 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. To preserve capital and provide stability of principal while earning current income that exceeds money market rates over the long term.The Fund is invested primarily in diversified fixed income funds and separately managed bond accounts run by internal and external sub-managers selected by John Hancock in its capacity as advisor to the Fund and John Hancock does not provide advice regarding appropriate investment allocations. Morningstar ratings are applicable to the underlying only and reflect historical risk-adjusted performance as of the most recent calendar quarter-end. Requests may be cancelled if not within our guidelines.Participants are allowed a maximum of two exchanges per calendar month. The obligations of each Stability Provider are general, unsecured obligations of such Stability Provider. The lowest investment-grade rating is Baa3. For further details, please refer to the Offering Circular and Declaration of Trust. This design allows money market funds to maintain a fixed net asset value and daily liquidity at the same time. It is divided into two sections, investment grade and speculative grade. Not available to defined benefit plans. 142. Withdrawals or transfers initiated by participants will generally be paid at book value, except where they are the result of plan sponsor actions. 5A. 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. 4A. Such trade restrictions may be more restrictive than the above guidelinesRestricting the number of exchanges made during a defined periodRestricting the dollar amount of exchangeRestricting the method used to submit exchanges (e.g., requiring exchange requests to be submitted in writing via U.S. mail)Restricting exchanges into and out of certain investment options Participants can read about the short-term trading policy at myplan.johnhancock.com under the "modify your account - change account" feature. Listed holdings do not represent all of the holdings in the underlying fund. 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. Net assets represent the sum of participant balances on deposit in this plan's stable valueinvestment option. The actual market value of the underlying assets may, at times, be greater than or less than the book value of the Fund. 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. 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). 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. While an insolvency of JHLH should not diminish the assets of the Separate Account, it could delay the timing of payments to plan participants. Net assets are more likely to decrease and fund expense ratios are more likely to increase when markets are volatile. 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. 4A. Check John Hancock financial statements over time to gain insight into future company . 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. AThe amounts displayed below represent the gross and net expense ratios of the underlying fund in which the sub-account invests. 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. Default by a Stability Provider could result in participant withdrawals from the fund at less than book value. John Hancock does not provide advice regarding appropriate investment allocations. NOT BANK GUARANTEED. 2023 John Hancock. All rights reserved. Allocating assets to only one or a small number of the investment options (other than an asset allocation investment option such as a target date or target risk option) should not be considered a balanced investment program. Stabilizing Agreement/Wrap Provider Risk. 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. Contact your John Hancock representative if you wish to obtain a copy. 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. The highest speculative-grade rating is Ba1. Merger and Replacement Transition Risk for Sub-Account. Neither John Hancock USA nor the Trustee guarantees the performance of the Stability Provider(s). + 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. They're exempt from many of the regulatory requirements that drive mutual fund expenses, generally giving them a fee advantage over mutual funds. Because the crediting rate is set monthly in advance, there can be no assurance that the crediting rate will accurately reflect the actual performance of the Portfolios underlying assets. 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. It is fully portable and. Please confirm with your local John Hancock Representative if you have any questions about product, Fund or contract feature availability. These charges, if included, would otherwise reduce the total return for a participants account.