John Hancock Freedom 529 Plan - Stable Value Portfolio Fund
JAJWX
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USD
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Capital Structure
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Corporate Law Division T-55 Boston MA United States of America 02117
- IPO Date
- Jul 24, 2023
- CIK
- 0000917406
- Website
- jhinvestments.com
- Similar Companies
- Business
- John Hancock Freedom 529 Plan - Stable Value Portfolio Fund (JAJWX) operates as a static investment option within the John Hancock Freedom 529 education savings plan, sponsored by the Education Trust of Alaska and managed by T. Rowe Price; distributed by John Hancock Distributors LLC; the fund seeks to maintain stability of principal while maximizing current income through a separately managed account contract backed by the claims-paying ability of the contract issuer, featuring a guaranteed minimum crediting rate reset monthly. The portfolio invests primarily in broadly diversified fixed-income securities, comprising 100% of assets, with flexibility to allocate up to 5% to equity securities for diversification and potential performance enhancement; it includes a funding agreement with a recent monthly crediting rate of 4.797% net of wrap fees and expenses as of March 2025; total net assets stand at approximately $149.89 million, with share classes including Class A (JAJWX), C2 (JSJWX), and F (JMGWX), each carrying a total expense ratio of 0.63% inclusive of program management and trust fees. Launched on November 29, 2022, the fund is headquartered in Boston, Massachusetts, as part of John Hancock Investment Management, a division of Manulife Investment Management, and serves investors nationwide in the U.S. targeting college savings with low-volatility fixed-income exposure. In December 2022, the Stable Value Portfolio was added to the John Hancock Freedom 529 lineup on December 1, coinciding with the closure of the Money Market Portfolio and Short-Term Bond Portfolio, whose assets were transferred into this new option; this enhancement was paired with fee reductions effective October 15, 2022, converting underlying funds to lower-cost share classes (e.g., American Mutual Fund from F-1 to F-3, T. Rowe Price funds from Investor to I Class), lowering total annual asset-based fees by an average of 12% across 17 of 22 portfolios. The plan, available since 2001, oversees approximately 225,000 accounts with over $5 billion in assets, utilizing mutual funds from over 20 asset managers including T. Rowe Price for additional oversight. No further major acquisitions, partnerships, or strategic shifts have been reported for the fund in the last 1-2 years.