JH Money Market Portfolio
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Money Market : | 100.00% |
Investment Objective
The JH Money Market Portfolio invests exclusively in the T. Rowe Price Summit Cash Reserves Fund, which seeks preservation of capital and liquidity and, consistent with these objectives, the highest possible income.
Given its investment objective, this portfolio may be a suitable investment choice for Account Holders who are conservative investors, who have a Beneficiary nearing college enrollment, or who wish to Dollar Cost Average contributions into a different Investment Option over time. The JH Money Market Portfolio is not designed to keep pace with tuition inflation.
Money market funds such as the T. Rowe Price Summit Cash Reserves Fund seek to furnish preservation of principal by maintaining a constant share price of $1.00 through investments in high-quality, U.S. dollar denominated money market securities of U.S. and foreign issuers.
Portfolio Holdings (%)
| as of February 26, 2010 | ||
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| T. Rowe Price Summit Cash Reserve Fund | 100.00 | |
Portfolio Performance (%)
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The performance data presented represents past performance. Past performance is not a guarantee of future results and current performance may be lower or higher than the performance quoted. Investment returns in John Hancock Freedom 529 portfolios and the value of an investor’s units will fluctuate and may be worth more or less than original cost when redeemed. Performance current to the most recent month end is available by clicking here.
The Trustee has authorized the Program Manager to waive all or a portion of the annual program management fee and/or the annual distribution and service fee for the JH Money Market Portfolio to the extent necessary to maintain the net yield of the JH Money Market at 0.0% or above. Without this waiver, the yield on the portfolio could be lower.
* The JH Money Market Portfolio cannot guarantee that it will achieve its investment objective. The trust fee is waived for the JH Money Market Portfolio. An investment in the JH Money Market Portfolio is neither insured nor guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency, and although the JH Money Market Portfolio seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in this Portfolio. The yield on the JH Money Market Portfolio will be calculated based on the yield of the underlying T. Rowe Price Summit Cash Reserves Fund less a 0.30% annual program management fee and the 0.25% annual distribution and service fee. For additional information, particularly in a low interest rate environment, please seek the advice of your financial consultant.
In addition to the sales charge and program expenses, each portfolio will bear its pro rata share of the investment management fees and other expenses of the underlying mutual funds in which it invests. Performance does not reflect the annual account maintenance fee of $25.00.
For more information, including investment policies, charges, and expenses, ask your financial consultant for a Plan Disclosure Document. Please read the Plan Disclosure Document carefully before you invest or send money.