John Hancock Funds

John Hancock Variable Insurance Trust ("JHVIT"), formerly John Hancock Trust, is an open-end management investment company, commonly known as a mutual fund. Shares of JHVIT are not offered directly to the public but are sold only to insurance companies and their separate accounts as the underlying investment medium for variable annuity and variable life insurance contracts (“variable contracts”) which are administered as 401(k) and 403(b) retirement plans.

This page contains information about funds that are commonly contained in John Hancock retirement plans, with an emphasis on funds that are most suitable to Boglehead-style investors.

The information below was last revised in April, 2012. Writers have striven for accuracy, but investors should verify information before taking action.

Similar Vanguard Funds
Based on observation of portfolios posted in the Investing - Help With Personal Investing forum, most John Hancock retirement plans contain one or more index funds, although some plans contain none. Here are several of the most commonly included index funds that are most useful for Boglehead-style investing, the most similar Vanguard funds, and the default Expense Ratios of the John Hancock funds:

* Important Note: the expense ratios are as of 27 April 2012; these are default expense ratios. Check your specific plan to confirm the expense ratios for your distinct plan. It is not unusual for the expense ratios of a particular plan to differ from the default expense ratios.

Tips for Boglehead-Style Investing
If you have a John Hancock retirement plan as well as one or more other accounts (such as an IRA), then you may want to select specific John Hancock funds to fill an asset class in your overall asset allocation. Here are some suggestions:
 * If your plan contains only the 500 Index Trust, and you can use this fund, then it is recommended you complement it with a suitable small cap index fund to hold the complete Total US Stock Market as described in Approximating Total Stock Market.
 * If your plan contains both the Total Stock Market Index Trust and the 500 Index Trust funds, it is often easier and preferable to use the Total Stock Market Index fund. The standard expense ratio for the Total Stock Market fund is only 0.04% higher than the 500 Index Fund, so there is little advantage to holding the 500 Index Fund when you also have the Total Stock Market Index Fund unless the 500 Index Fund fits a specific need in your portfolio. The John Hancock Total Stock Market Index Trust's benchmark is very similar to that of Vanguard's Total Stock Market Index Fund, so the John Hancock fund is a suitable stand-in for the Vanguard fund if that is what you are seeking.
 * The International Equity Index is similar to the Vanguard Total International Stock Index, except the John Hancock fund excludes small caps. Therefore, if you must hold this fund in a retirement plan and you want to hold a complementary fund to replicate Vanguard's Total International Stock Market Index fund, then you should add a small-cap international fund like Vanguard FTSE All-World ex-US Small-Cap Index Fund or similar (see linked page for recommended ratios to hold the two funds).

Three-fund Portfolio
If you want to create a Three-fund portfolio solely from John Hancock funds, then choose the following three funds in your desired asset allocation ratios: If your John Hancock plan is missing the Total Bond Market Trust, then choose the closest substitute. Also, as described above, be aware that the Total International Equity Index Trust does not include small caps, so if your plan has a suitable small cap international fund, you might want to select it (see note above). Assuming your plan uses the default expense ratios, then your blended expense ratio for these holdings will be around 0.57% depending on your exact holdings.
 * Total Stock Market Index Trust
 * Total International Equity Index Trust
 * Total Bond Market Trust

Target Retirement and Lifestyle Funds
Similar to most mutual fund families, John Hancock includes target retirement and lifestyle funds. These are funds of funds with default expense ratios that are around 1.0% or more depending on the specific plan. Boglehead-style investors might prefer creating a rather than holding these funds, in order to reduce expenses.