The underlying securities in each portfolio are the primary factor Morningstar uses as the investment objective and investment strategy stated in a fundâs prospectus may not be sufficiently detailed for our proprietary classification methodology. Although gathered from reliable sources, the information is not represented or warranted by Morningstar to be accurate, correct, complete or timely. Past performance is no guarantee of future results and current performance may be lower or higher than the performance quoted.
See Important Notes for the rating criteria. The lowest investment-grade rating is Baa3. Index Performance: With respect to the Funds that display an index performance. From 2009 to 2019, the fund has generated an annual average return of 7.98%. The fund has a very low expense ratio of 0.23% and a 30-day SEC yield of 2.56%. It is most suitable for investors who are interested in income investing at a very low cost. Moody's appends numerical modifiers 1, 2, and 3 to each generic rating classification from Aa through Caa. Accessed May 14, 2020.
The investment is subject to the risk of loss of income and capital invested, and the advisor does not guarantee its value, performance, or any particular rate of return. The underlying fund company has not reviewed the sub-accountâs performance. Contributions under a group annuity contract issued by John Hancock Life Insurance Company (U.S.A.) (John Hancock USA) are allocated to investment options which: (a) invest solely in shares of an underlying mutual fund, collective trust, or ETF; (b) invest in a combination of these; or (c) are Guaranteed Interest Accounts and which will be held in the John Hancock USA general account. Accessed May 14, 2020. Moody's appends numerical modifiers 1, 2, and 3 to each generic rating classification from Aa through Caa. ***Morningstar Portfolio Ratings All Morningstar data is © 2020 by Morningstar, Inc. All rights reserved. The Vanguard High-Yield Tax-Exempt Fund invests its assets in municipal bonds with current income that is exempt from federal income taxes.
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. Please confirm with your local John Hancock Representative if you have any questions about product, Fund or contract feature availability. ** Performance of the Sub-account 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 portfolio.+ The class introduction date is the same as the sub-account Inception Date.Returns for any period greater than one year are annualized. This sub-account previously invested in a different share class of the same underlying portfolio. 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. ****Expense Ratio (ER), This material shows expenses for a specific unit class for investment options available under a John Hancock group annuity contract.
The average maturity of the fund is 8.7 years.. Information Concerning John Hancockâs Short-Term Trading Policy The group annuity contract is not designed for short-term trading. 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. Peer groups are unmanaged and cannot be invested in directly. We also reference original research from other reputable publishers where appropriate. Sub-Account Inception Date: May 4, 2007 Underlying fund Inception Date: November 2, 1992. Industry averages exclude Vanguard. The Vanguard High-Yield Tax-Exempt Fund has an average maturity of 17.9 years, making it sensitive to interest rate risk. As of Jan. 14, 2020, the fund's 30-day SEC yield stands at 2.18%.. Any of these scenarios may cause the investment to incur substantial trading losses.
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"Vanguard Wellesley Income Fund Investor Shares (VWINX), Price and Performance." Group annuity contracts and recordkeeping agreements are issued by: John Hancock Life Insurance Company (U.S.A.) (âJohn Hancock USAâ), Boston, MA (not licensed in New York) and John Hancock Life Insurance Company of New York (âJohn Hancock NYâ), Valhalla, NY. 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. All averages are asset-weighted.
These investment options may be sub-accounts (pooled funds) investing directly in underlying mutual fund, collective trusts, or ETFs, or they may be Guaranteed Interest Accounts.The Funds offered on the JH Signature platform are classified into five risk categories. "Vanguard High-Yield Tax-Exempt Fund, Portfolio & Management." The Vanguard Wellesley Income Fund has experienced management that has a proven track record of delivering strong returns. A floating rate fund is a fund that invests in financial instruments paying a variable or floating interest rate. Indexes are unmanaged and cannot be invested in directly. The cumulative effect of fees and expenses can substantially reduce the growth of your retirement account. 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. 5A. 6A. There is no guarantee that an active trading market for these shares will be maintained. The asset allocation of the fund is 48.5% in stocks and 51.5% in bonds. 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. "Vanguard Wellesley Income Fund Investor Shares (VWINX), Portfolio & Management."