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The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange–traded funds, closed–end funds, and separate accounts) with at least a three–year history.

In a sixth situation, constructive trusts have been acknowledged to arise since the late s, [] where two people are living together in a family home, but are not married, and both are making financial or other contributions to the house, but only one is registered on the legal title. This aligns your investment objectives with ours. 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 possession of an estate of freebold. Properly a trench artificially made for the purpose of carrying water into the sea, river, or some other place of reception.

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This paper analyzes the relationship between employee satisfaction and long-run stock returns. A value-weighted portfolio of the “ Best Companies to Work For in America” earned an annual four-factor alpha of % from to , and % above industry benchmarks.

Fund of Funds Risk. A fund of funds invests in a number of underlying funds. A fund of fund's ability to achieve its investment objective will depend largely on the ability of its investment manager to select the appropriate mix of underlying funds and on the underlying funds ability to meet their investment objectives.

A fund of funds is subject to the same risks as the underlying funds in which it invests. Each fund of funds bears its own expenses and indirectly bears its proportionate share of expenses of the underlying funds in which it invests. Commodity investments involve the risk of volatile market price fluctuations of commodities resulting from fluctuating demand, supply disruption, speculation and other factors.

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. When a fund's investments are concentrated in a particular industry or sector of the economy e. Funds concentrating in a particular industry sector tend to be more volatile than other mutual funds, and the values of their investments tend to go up and down more rapidly.

A fund that invests in a particular industry or sector is particularly susceptible to the impact of market, economic, regulatory and other factors affecting that industry or sector. 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.

Derivatives are generally considered more risky than investing directly in securities and, in a down market, could become harder to value or sell at a fair price. The use of derivatives for hedging and other strategic transactions may increase the volatility of a fund and, if the transaction is not successful, could result in a significant loss to a fund. Foreign securities involve special risks, including potentially unfavorable currency exchange rates, limited government regulation including less stringent investor protection and disclosure standards and exposure to possible economic, political and social instability.

To the extent the fund invests in emerging market countries, its foreign securities risk will be higher. The fund is subject to the risks associated with purchases of shares issued in IPOs by companies that have little operating history as public companies. The market for IPO issuers has been volatile and share prices of certain newly-public companies have fluctuated in significant amounts over short periods of time.

Fixed-income securities or bonds are subject to credit risk and interest rate risk. The credit rating of bonds in the fund could be downgraded or the issuer of a bond could default on its obligations.

In general, lower-rated fixed-income securities involve more credit risk. When interest rates rise, bond prices generally fall. Exchange Traded Funds are a type of investment company bought and sold on a securities exchange. An ETF often represents a fixed portfolio of securities designed to track a particular market index.

The risks of owning an ETF generally reflect the risks of owning the underlying securities the ETF is designed to track. The portfolio managers control security selection and asset allocation.

There can be no assurance that either the Portfolio or the underlying funds will achieve their investment objectives. The Portfolio is subject to the same risks as the underlying funds in which it invests. The Target Risk Portfolios available range from a conservative to aggressive investment strategy. Each seeks to maintain a consistent level of risk over time regardless of the market environment.

Each Target Risk Portfolio is diversified across a mix of stocks, bonds and other capital preserving investments and while this may reduce the overall portfolio risk and volatility, diversification does not ensure a gain or guarantee a protection against a loss.

Stock markets are volatile, and the price of equity securities such as common and preferred stocks and their equivalents will fluctuate. The value of equity securities purchased by the fund could decline if the financial condition of the companies in which the fund invests decline or if overall market and economic conditions deteriorate.

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. In particular, mid-sized companies may pose greater risk due to narrow product lines, limited financial resources, less depth in management or a limited trading market for their securities.

Similarly, small cap companies may be developing or marketing new products or services for which markets are not yet and may never become established. While small, unseasoned companies may offer greater opportunities for capital growth than larger, more established companies, they also involve greater risks and should be considered speculative.

Exchange-traded note ETN risk. ETNs are a type of unsecured, unsubordinated debt security that have characteristics and risks similar to those of fixed-income securities and trade on a major exchange similar to shares of ETFs. This type of debt security differs, however, from other types of bonds and notes because ETN returns are based upon the performance of a market index minus applicable fees, no period coupon payments are distributed, and no principal protections exist.

If the fund must sell some or all of its ETN holdings and the secondary market is weak, it may have to sell such holdings at a discount. ETNs also are subject to counterparty credit risk and fixed income risk. High Yield Securities Risk. Fixed-income securities that are not investment grade are commonly referred to as high yield securities or "junk bonds". These securities offer a potentially higher yield than other, higher rated securities, but they carry a greater degree of risk and are considered speculative by the major credit rating agencies.

Depending on the manager's investment decisions, a fund may not reach its investment objective or it could underperform its peers or lose money. Credit and Counterparty Risk. As convertible securities share both fixed income and equity characteristics, they are subject to risks to which fixed income and equity investments are subject.

These risks include equity risk, interest rate risk and credit risk. 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. The fund may sell a security that it does not own. A fund will lose money if the price of the security which it has sold short increases between the time of the short sale and the date when the fund acquires the security sold short.

There is no guarantee that the subadviser will correctly predict the market or economic conditions and, as with other mutual fund investments, you could lose money even if the fund is at or close to its designated retirement year or in its post-retirement stage. 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.

For current performance, visit www. Fund performance is shown comparing it to a "benchmark" which may be a i broad-based securities market index ii a group of mutual funds with similar investment objectives, or iii a short term government backed debt obligation such as a U. An index is not available for direct investment, is unmanaged, and does not reflect the costs of portfolio management or trading.

A fund's portfolio may differ from the securities held in an index. Morningstar is a registered trademark of Morningstar, Inc. The MSCI All Country World Index Net is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of large and mid cap segments of developed and emerging markets. The net version of this index reinvests dividends after the deduction of withholding taxes, using a tax rate applicable to non-resident institutional investors who do not benefit from double taxation treaties.

The Morningstar category represents the average return for a category of funds with similar investment objectives and strategies. The average is calculated and funds are assigned to a category by Morningstar. Exchange—traded funds and open—ended mutual funds are considered a single population for comparative purposes. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three—, five—, and 10—year if applicable Morningstar Rating metrics.

While the year overall star rating formula seems to give the most weight to the year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Importance of shutting down and logging off a computer Turn off your monitor Save fuel, go green Save paper, use the Notepad app Hibernate, lock or shut down? Shun that screensaver Use apps to save time and fuel Use Google Maps to save fuel and time Send e-invites and save paper Use Google Calendar to work effectively Did you correctly shutdown your computer?

Tips on green computing Share online and reduce paper waste Save paper, use both sides of paper Use paperless communication Reduce your digital and carbon footprints Use shared drive storages instead of email attachments Analyze your computer's energy usage Recycle your old computer Use effective power management Create shortcuts, not copies When multitasking, close the unused apps Use online services wherever possible Think before you take a printout Organize files and folders: Ergonomics Norms of using computer in a healthy way View Syllabus.

Importance of ideal posture while using computer Avoiding high audio volume Correct use of keyboard and posture Eyes vis-a-vis your computer screen Helpful tips: Reading from your computer screen Some neck exercises for stress relief Why use an ergonomic chair?

Proper lighting around computer workstation Avoid eating at your desk Exercises for your back Stretch your legs Some neck exercises Ideal neck posture Ouch!

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