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:
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Current strategies of this fund are: May 14, Underlying fund Inception Date: Past performance is no guarantee of future results and current performance may be lower or higher than the performance quoted.
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. Performance does not reflect any applicable contract-level or certain participant-level charges, or any redemption fees imposed by an underlying fund company. Performance information current to the most recent month-end is available on our website www. 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.
For more details, see Risk Disclosures section of this booklet. Please refer to the underlying fund prospectus for additional information. 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.
Examples of business or market sectors where this risk may be particularly high include: John Hancock does not provide advice regarding appropriate investment allocations. An issuer of a security purchased by a fund may perform poorly, and, therefore, the value of its stocks and bonds may decline.
Poor performance may be caused by poor management decisions, competitive pressures, breakthroughs in technology, reliance on suppliers, labor problems or shortages, corporate restructurings, fraudulent disclosures, or other factors. Markets tend to move in cycles, with periods of rising prices and periods of falling prices. Stocks tend to go up and down in value more than bonds. Credit and Counterparty Risk. A fund is exposed to liquidity risk when trading volume, lack of a market maker, or legal restrictions impair the fund's ability to sell particular securities or close derivative positions at an advantageous price.
Depending on the manager's investment decisions, a fund may not reach its investment objective or it could underperform its peers or lose money. Merger and Replacement Transition Risk. 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.
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.
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. 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.
Although there can be no assurances that all risks can be eliminated, John Hancock will use its best efforts to manage and minimize such risks and costs. Where the redemption of your interest is implemented through a distribution of assets in kind, the effective date of the merger or replacement may vary from the target date due to the transition period, commencing either before or after the date that is required to liquidate or transition the assets for investment in the "new" Fund.
Under certain market conditions, value stocks have performed better during periods of economic recovery.. During times when value investing is out of favor, the Fund may underperform other equity funds that use different investment styles. Risk of increase in expenses. 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. For example, expense ratios may be higher than those shown if a fee limitation is changed or terminated or if average net assets decrease.
Net assets are more likely to decrease and fund expense ratios are more likely to increase when markets are volatile.
Fees and expenses are only one of several factors that you should consider when making investment decisions. The cumulative effect of fees and expenses can substantially reduce the growth of your retirement account.
You can visit the Employee Benefit Security Administration's Web site for an example demonstrating the long-term effect of fees and expenses. John Hancock USA are allocated to investment options which: 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. 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 ticker symbols shown are for the underlying mutual fund, collective trusts or ETFs in which sub-accounts are invested. 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.
These impacts are absorbed by other fund investors, including retirement plan participants. 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.
Requests may be cancelled if not within our guidelines. Participants are allowed a maximum of two exchanges per calendar month.
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