John Hancock Investment Management is a limited liability company founded in 2002 and is an
indirect subsidiary of Manulife Financial Corporation (“MFC”), a diversified international
management and holding company with interests in companies that are active in, among other
things, financial services and insurance. MFC is a publicly traded company based in Toronto,
Canada that trades as ‘MFC’ on the Toronto Stock Exchange, New York Stock Exchange (the
“NYSE”), and the Philippine Stock Exchange, and under '945' in Hong Kong.
John Hancock Investment Management provides discretionary and non-discretionary advice to
clients using model portfolios in a variety of investment styles (“Model Portfolios”). John Hancock
Investment Management also provides discretionary investment advisory services as a “manager
of managers” to certain open-end and closed-end registered investment companies, including
exchange-traded funds, in the John Hancock family of funds (together, the “John Hancock Funds”)
that are offered to retail investors.
This brochure is limited to Model Portfolios services.
Description of Investment Advisory Services
John Hancock Investment Management provides discretionary and non-discretionary investment
advisory services by providing the Model Portfolios to banks, broker-dealers, investment advisers
and other financial services firms.
John Hancock Investment Management provides non-discretionary security recommendations in
the form of model portfolios through its participation in separately managed account programs that
are sponsored by non-affiliated broker-dealers, banks and other financial services firms.
When John Hancock Investment Management provides the Model Portfolios to another financial
services firm that determines when and if to use the Model Portfolios in whole or in part, that firm,
and not its clients, is John Hancock Investment Management’s client (“Non-discretionary
Accounts”). If you are a client of a financial services firm and your firm has discretion over your
account in using the Model Portfolios, you are receiving this brochure for informational purposes
only. John Hancock Investment Management is not responsible for overseeing the services
provided to you by your financial services firm.
When John Hancock Investment Management provides the Model Portfolios to another financial
services firm that delegates investment discretion over its clients’ accounts, or a portion of such
accounts, to John Hancock Investment Management (“Discretionary Accounts” and together with
Non-discretionary Accounts, “Accounts”), then that firm’s clients are also John Hancock Investment
Management’s clients. Although John Hancock has discretion to select investments for client
portfolios with respect to Discretionary Accounts, John Hancock generally is not responsible for the
execution of these transactions.
With respect to certain Discretionary Accounts, John Hancock Investment Management selects
mutual funds and ETFs for possible inclusion in a Model Portfolio, and Manulife Investment
Management (US) LLC (“MIM (US)”), an affiliate of John Hancock Investment Management,
recommends allocations of funds and ETFs for a particular Model Portfolio. The mutual funds and
ETFs included in the Model Portfolios are selected based on criteria such as convictions in their
investment process and investment teams, performance, length of existence, fee structure, and
consistency with stated investment objectives. John Hancock Investment Management reviews
the mutual funds and ETFs and
the allocations for conformance to a Model Portfolio’s stated
objectives. John Hancock Investment Management may, from time to time, make changes to funds
and ETFs, and allocations within a Model Portfolio. John Hancock Investment Management may
request the construction of a new Model Portfolio. John Hancock Investment Management also
evaluates proposed changes to the funds and ETFs in a Model Portfolio, and to the allocations of
funds and ETFs for a particular Model Portfolio, and determines whether to approve them. John
Hancock Investment Management periodically evaluates the performance of the Model Portfolios
and of the affiliate providing recommendations to John Hancock Investment Management.
MIM (US) also recommends allocations of funds and ETFs for Model Portfolios delivered to certain
Non-Discretionary Accounts that include mutual funds and/or ETFs advised or sub-advised by John
Hancock Investment Management or one of its affiliates. In these cases, John Hancock Investment
Management and/or its affiliates receive indirect compensation for providing services to the mutual
funds and/or ETFs in the form of management and other fees. In addition, John Hancock
Investment Management provides compensation to MIM (US) for certain asset allocation services
provided by MIM (US) to certain intermediaries with respect to the construction of Model Portfolios
that also include John Hancock Funds.
With respect to other Discretionary and Non-Discretionary Accounts, John Hancock Investment
Management relies upon non-affiliated registered investment advisers (“Non-Affiliated Model
Providers”) to provide security selection recommendations. Certain Non-Affiliated Model Providers
also serve as sub-advisers to John Hancock Funds for which John Hancock Investment
Management serves as an investment adviser. John Hancock Investment Management also
manages proprietary accounts that are managed in accordance with the security recommendations
provided by each Non-Affiliated Model Provider. The investment recommendations reflected in
these Model Portfolios are selected based on criteria such as convictions in their investment
process and investment teams, performance, length of existence, fee structure, and consistency
with stated investment objectives.
John Hancock Investment Management has a committee governance structure that provides
oversight of certain of the services John Hancock Investment Management provides to the Model
Portfolios. The services overseen by the John Hancock Investment Management committees
include investment, operational, legal, compliance and risk oversight.
Compliance Support and Oversight
John Hancock Investment Management also provides ongoing compliance support and oversight
of the Model Portfolios through programs designed to ensure that there are adequate procedures
in place to deter, detect, correct, and report on control weaknesses that could potentially result in
a violation of Federal securities laws.
Wrap Fee Programs
John Hancock Investment Management provides discretionary portfolio management services to
wrap fee programs.
Assets Under Management
As of December 31, 2023, John Hancock Investment Management managed approximately
$189,588,843,467 of assets on a discretionary basis including closed end funds, Model Portfolios
and open-end mutual funds such as Funds of Funds and exchange-traded funds. As of
December 31, 2023, John Hancock Investment Management did not manage any assets on a
nondiscretionary basis.