0001133228-13-002949.txt : 20130715 0001133228-13-002949.hdr.sgml : 20130715 20130715124306 ACCESSION NUMBER: 0001133228-13-002949 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20130715 DATE AS OF CHANGE: 20130715 EFFECTIVENESS DATE: 20130715 FILER: COMPANY DATA: COMPANY CONFORMED NAME: JOHN HANCOCK VARIABLE INSURANCE TRUST CENTRAL INDEX KEY: 0000756913 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-94157 FILM NUMBER: 13967573 BUSINESS ADDRESS: STREET 1: 601 CONGRESS STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 617-663-3000 MAIL ADDRESS: STREET 1: 601 CONGRESS STREET CITY: BOSTON STATE: MA ZIP: 02210 FORMER COMPANY: FORMER CONFORMED NAME: JOHN HANCOCK TRUST DATE OF NAME CHANGE: 20050124 FORMER COMPANY: FORMER CONFORMED NAME: MANUFACTURERS INVESTMENT TRUST DATE OF NAME CHANGE: 19971022 FORMER COMPANY: FORMER CONFORMED NAME: NASL SERIES FUND INC DATE OF NAME CHANGE: 19881030 0000756913 S000032005 Lifestyle Conservative PS Series C000099623 Series I C000099624 Series II C000099625 NAV 497 1 e497-lifestyleconvervative.htm LIFESTYLE CONSERVATIVE PS SERIES e497-lifestyleconvervative.htm - Generated by SEC Publisher for SEC Filing

 

JOHN HANCOCK VARIABLE INSURANCE TRUST

601 Congress Street

Boston, Massachusetts 02210

 

 

July 15, 2013

 

VIA EDGAR

U.S. Securities and Exchange Commission

100 F Street, NE

Washington, D.C. 20549

 

 

Re:       John Hancock Variable Insurance Trust (the “Trust”) on behalf of:
Lifestyle Conservative PS Series (the “Fund”)
File Nos.  2-94157; 811-04146

 

Ladies and Gentlemen:

 

On behalf of the Trust, transmitted for filing, pursuant to Rule 497 under the Securities Act of 1933, are exhibits containing interactive data format risk/return summary information for the Fund.

 

The interactive data files included as exhibits to this filing relate to the prospectus supplement filed with the Securities and Exchange Commission on June 28, 2013 on behalf of the Fund pursuant to Rule 497(e) (Accession No. 0001133228-13-002740), which is incorporated by reference into this Rule 497 Document.

 

If you have any questions, please call the undersigned at 617-663-2166.

 

Sincerely,

 

/s/ Betsy Anne Seel
Betsy Anne Seel
Senior Counsel and Assistant Secretary

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Underlying funds may include exchange traded funds ("ETFs") and the fund may invest a significant portion of its assets in ETFs. At the discretion of the subadvisor, the Equity Allocation may also include direct investments in equity securities and the Fixed Income Allocation may also include direct investments in fixed-income securities. The subadvisor may also determine in light of market or economic conditions that the normal percentage limitations should be exceeded to protect the fund or achieve its objective. </p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> Within the prescribed percentage allocation, the subadvisor selects the percentage level to be maintained in specific underlying funds and in futures contracts on equity or fixed income markets. These allocations may be changed at any time by the subadvisor. </p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> The fund may invest in various underlying funds that as a group hold a wide range of equity type securities. These include small-, mid- and large-capitalization stocks, domestic and foreign securities (including emerging market securities) and sector holdings such as utilities and science and technology stocks. Each of these underlying funds has its own investment strategy which, for example, may focus on growth stocks or value stocks or may employ a strategy combining growth and income stocks and/or may invest in derivatives such as options on securities and futures contracts. The fund may also invest in underlying funds that purchase futures contracts on equity markets. </p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> Certain of these underlying funds focus their investment strategy on fixed-income securities, which may include investment grade and below investment grade debt securities with maturities that range from short to longer term. The fixed-income underlying funds collectively hold various types of debt instruments such as corporate bonds and mortgage backed, U.S. and foreign government issued, domestic and international securities. </p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> The fund may invest in derivatives, which are financial contracts with a value that depends on, or is derived from, the value of underlying assets, reference rates or indexes. Derivatives may relate to stocks, bonds, interest rates, currencies or currency exchange rates and related indexes. The fund may use derivatives for hedging and nonhedging purposes including, without limitation, the following purposes: </p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;margin-left: 40px;"> To establish a position in the derivatives markets as a method of gaining exposure to a particular security or market;<br/> To attempt to protect against possible changes in the market value of securities held or to be purchased by the fund or an underlying fund;<br/> To manage the effective maturity or duration of the securities of the fund or an underlying fund; and<br/> To facilitate the repatriation of foreign currency and the settlement of purchases of foreign securities. </p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> The fund may invest in other types of investments as described under "Other Permitted Investments of the Fund of Funds."</p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> The fund bears its own expenses and, in addition, indirectly bears its proportionate share of the expenses of the underlying funds in which it invests. </p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> The principal investment strategies for the Lifestyle Conservative PS Series are amended and restated as follows: </p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> The fund, except as otherwise described below, operates as a fund of funds and normally invests approximately 20% of its assets in underlying funds that invest primarily in equity securities or in futures contracts on equity markets (the "Equity Allocation") and approximately 80% of its assets in underlying funds that invest primarily in fixed-income securities or in futures contracts on fixed income markets (the "Fixed Income Allocation"). Underlying funds may include exchange traded funds ("ETFs") and the fund may invest a significant portion of its assets in ETFs. At the discretion of the subadvisor, the Equity Allocation may also include direct investments in equity securities and the Fixed Income Allocation may also include direct investments in fixed-income securities. The subadvisor may also determine in light of market or economic conditions that the normal percentage limitations should be exceeded to protect the fund or achieve its objective. </p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> Within the prescribed percentage allocation, the subadvisor selects the percentage level to be maintained in specific underlying funds and in futures contracts on equity or fixed income markets. These allocations may be changed at any time by the subadvisor. </p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> The fund may invest in various underlying funds that as a group hold a wide range of equity type securities. These include small-, mid- and large-capitalization stocks, domestic and foreign securities (including emerging market securities) and sector holdings such as utilities and science and technology stocks. Each of these underlying funds has its own investment strategy which, for example, may focus on growth stocks or value stocks or may employ a strategy combining growth and income stocks and/or may invest in derivatives such as options on securities and futures contracts. The fund may also invest in underlying funds that purchase futures contracts on equity markets. </p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> Certain of these underlying funds focus their investment strategy on fixed-income securities, which may include investment grade and below investment grade debt securities with maturities that range from short to longer term. The fixed-income underlying funds collectively hold various types of debt instruments such as corporate bonds and mortgage backed, U.S. and foreign government issued, domestic and international securities. </p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> The fund may invest in derivatives, which are financial contracts with a value that depends on, or is derived from, the value of underlying assets, reference rates or indexes. Derivatives may relate to stocks, bonds, interest rates, currencies or currency exchange rates and related indexes. 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Underlying funds may include exchange traded funds ("ETFs") and the fund may invest a significant portion of its assets in ETFs. At the discretion of the subadvisor, the Equity Allocation may also include direct investments in equity securities and the Fixed Income Allocation may also include direct investments in fixed-income securities. The subadvisor may also determine in light of market or economic conditions that the normal percentage limitations should be exceeded to protect the fund or achieve its objective. </p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> Within the prescribed percentage allocation, the subadvisor selects the percentage level to be maintained in specific underlying funds and in futures contracts on equity or fixed income markets. These allocations may be changed at any time by the subadvisor. </p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> The fund may invest in various underlying funds that as a group hold a wide range of equity type securities. These include small-, mid- and large-capitalization stocks, domestic and foreign securities (including emerging market securities) and sector holdings such as utilities and science and technology stocks. Each of these underlying funds has its own investment strategy which, for example, may focus on growth stocks or value stocks or may employ a strategy combining growth and income stocks and/or may invest in derivatives such as options on securities and futures contracts. The fund may also invest in underlying funds that purchase futures contracts on equity markets. </p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> Certain of these underlying funds focus their investment strategy on fixed-income securities, which may include investment grade and below investment grade debt securities with maturities that range from short to longer term. The fixed-income underlying funds collectively hold various types of debt instruments such as corporate bonds and mortgage backed, U.S. and foreign government issued, domestic and international securities. </p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> The fund may invest in derivatives, which are financial contracts with a value that depends on, or is derived from, the value of underlying assets, reference rates or indexes. Derivatives may relate to stocks, bonds, interest rates, currencies or currency exchange rates and related indexes. The fund may use derivatives for hedging and nonhedging purposes including, without limitation, the following purposes: </p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;margin-left: 40px;"> To establish a position in the derivatives markets as a method of gaining exposure to a particular security or market;<br/> To attempt to protect against possible changes in the market value of securities held or to be purchased by the fund or an underlying fund;<br/> To manage the effective maturity or duration of the securities of the fund or an underlying fund; and<br/> To facilitate the repatriation of foreign currency and the settlement of purchases of foreign securities. </p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> The fund may invest in other types of investments as described under "Other Permitted Investments of the Fund of Funds."</p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> The fund bears its own expenses and, in addition, indirectly bears its proportionate share of the expenses of the underlying funds in which it invests. </p> falsefalsefalseus-types:textBlockItemTypestringNo authoritative reference available.No definition available.false011false 0truefalsetruefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalse2false truefalsec_S000032005_AAAAhttp://www.sec.gov/CIK0000756913duration2013-06-28T00:00:002013-06-28T00:00:00falsefalsejhvitlifecon_AAAAMemberdei_DocumentInformationDocumentAxisxbrldihttp://xbrl.org/2006/xbrldijhvitlifecon_AAAAMemberdei_DocumentInformationDocumentAxisexplicitMemberfalsefalsejhvitlifecon_S000032005Memberdei_LegalEntityAxisxbrldihttp://xbrl.org/2006/xbrldijhvitlifecon_S000032005Memberdei_LegalEntityAxisexplicitMembernanafalse012true 1rr_RiskReturnAbstractrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse013false 2jhvitlifecon_SupplementTextBlockjhvitlifecon_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalselabel1falsefalsefalse00<p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> The principal investment strategies for the Lifestyle Conservative PS Series are amended and restated as follows: </p> falsefalsefalseus-types:textBlockItemTypestringNo authoritative reference available.No definition available.false014false 2rr_StrategyHeadingrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> <b>Principal Investment Strategies</b> </p>falsefalsefalsexbrli:stringItemTypestringPrincipal investment strategies of the Fund. Summarize how the Fund intends to achieve its investment objectives by identifying the Fund's principal investment strategies (including the type or types of securities in which the Fund invests or will invest principally) and any policy to concentrate in securities of issuers in a particular industry or group of industries.Reference 1: 1 -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 4 -Subsection a false015false 2rr_StrategyNarrativeTextBlockrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> The fund, except as otherwise described below, operates as a fund of funds and normally invests approximately 20% of its assets in underlying funds that invest primarily in equity securities or in futures contracts on equity markets (the "Equity Allocation") and approximately 80% of its assets in underlying funds that invest primarily in fixed-income securities or in futures contracts on fixed income markets (the "Fixed Income Allocation"). Underlying funds may include exchange traded funds ("ETFs") and the fund may invest a significant portion of its assets in ETFs. At the discretion of the subadvisor, the Equity Allocation may also include direct investments in equity securities and the Fixed Income Allocation may also include direct investments in fixed-income securities. The subadvisor may also determine in light of market or economic conditions that the normal percentage limitations should be exceeded to protect the fund or achieve its objective. </p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> Within the prescribed percentage allocation, the subadvisor selects the percentage level to be maintained in specific underlying funds and in futures contracts on equity or fixed income markets. These allocations may be changed at any time by the subadvisor. </p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> The fund may invest in various underlying funds that as a group hold a wide range of equity type securities. These include small-, mid- and large-capitalization stocks, domestic and foreign securities (including emerging market securities) and sector holdings such as utilities and science and technology stocks. Each of these underlying funds has its own investment strategy which, for example, may focus on growth stocks or value stocks or may employ a strategy combining growth and income stocks and/or may invest in derivatives such as options on securities and futures contracts. The fund may also invest in underlying funds that purchase futures contracts on equity markets. </p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> Certain of these underlying funds focus their investment strategy on fixed-income securities, which may include investment grade and below investment grade debt securities with maturities that range from short to longer term. The fixed-income underlying funds collectively hold various types of debt instruments such as corporate bonds and mortgage backed, U.S. and foreign government issued, domestic and international securities. </p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> The fund may invest in derivatives, which are financial contracts with a value that depends on, or is derived from, the value of underlying assets, reference rates or indexes. Derivatives may relate to stocks, bonds, interest rates, currencies or currency exchange rates and related indexes. The fund may use derivatives for hedging and nonhedging purposes including, without limitation, the following purposes: </p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;margin-left: 40px;"> To establish a position in the derivatives markets as a method of gaining exposure to a particular security or market;<br/> To attempt to protect against possible changes in the market value of securities held or to be purchased by the fund or an underlying fund;<br/> To manage the effective maturity or duration of the securities of the fund or an underlying fund; and<br/> To facilitate the repatriation of foreign currency and the settlement of purchases of foreign securities. </p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> The fund may invest in other types of investments as described under "Other Permitted Investments of the Fund of Funds."</p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> The fund bears its own expenses and, in addition, indirectly bears its proportionate share of the expenses of the underlying funds in which it invests. </p> falsefalsefalseus-types:textBlockItemTypestringPrincipal investment strategies of the Fund. 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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Document Type dei_DocumentType Other
Document Period End Date dei_DocumentPeriodEndDate Dec. 31, 2012
Registrant Name dei_EntityRegistrantName JOHN HANCOCK VARIABLE INSURANCE TRUST
Central Index Key dei_EntityCentralIndexKey 0000756913
Amendment Flag dei_AmendmentFlag false
Document Creation Date dei_DocumentCreationDate Jun. 28, 2013
Document Effective Date dei_DocumentEffectiveDate Jun. 28, 2013
Prospectus Date rr_ProspectusDate Apr. 29, 2013
Supplement -- [Text Block] jhvitlifecon_SupplementTextBlock_04

John Hancock Variable Insurance Trust
Supplement dated June 28, 2013
To the Prospectus dated April 29, 2013

 

LIFESTYLE CONSERVATIVE PS SERIES

The principal investment strategies for the Lifestyle Conservative PS Series are amended and restated as follows:

Principal Investment Strategies

The fund, except as otherwise described below, operates as a fund of funds and normally invests approximately 20% of its assets in underlying funds that invest primarily in equity securities or in futures contracts on equity markets (the "Equity Allocation") and approximately 80% of its assets in underlying funds that invest primarily in fixed-income securities or in futures contracts on fixed income markets (the "Fixed Income Allocation"). Underlying funds may include exchange traded funds ("ETFs") and the fund may invest a significant portion of its assets in ETFs. At the discretion of the subadvisor, the Equity Allocation may also include direct investments in equity securities and the Fixed Income Allocation may also include direct investments in fixed-income securities. The subadvisor may also determine in light of market or economic conditions that the normal percentage limitations should be exceeded to protect the fund or achieve its objective.

Within the prescribed percentage allocation, the subadvisor selects the percentage level to be maintained in specific underlying funds and in futures contracts on equity or fixed income markets. These allocations may be changed at any time by the subadvisor.

The fund may invest in various underlying funds that as a group hold a wide range of equity type securities. These include small-, mid- and large-capitalization stocks, domestic and foreign securities (including emerging market securities) and sector holdings such as utilities and science and technology stocks. Each of these underlying funds has its own investment strategy which, for example, may focus on growth stocks or value stocks or may employ a strategy combining growth and income stocks and/or may invest in derivatives such as options on securities and futures contracts. The fund may also invest in underlying funds that purchase futures contracts on equity markets.

Certain of these underlying funds focus their investment strategy on fixed-income securities, which may include investment grade and below investment grade debt securities with maturities that range from short to longer term. The fixed-income underlying funds collectively hold various types of debt instruments such as corporate bonds and mortgage backed, U.S. and foreign government issued, domestic and international securities.

The fund may invest in derivatives, which are financial contracts with a value that depends on, or is derived from, the value of underlying assets, reference rates or indexes. Derivatives may relate to stocks, bonds, interest rates, currencies or currency exchange rates and related indexes. The fund may use derivatives for hedging and nonhedging purposes including, without limitation, the following purposes:

To establish a position in the derivatives markets as a method of gaining exposure to a particular security or market;
To attempt to protect against possible changes in the market value of securities held or to be purchased by the fund or an underlying fund;
To manage the effective maturity or duration of the securities of the fund or an underlying fund; and
To facilitate the repatriation of foreign currency and the settlement of purchases of foreign securities.

The fund may invest in other types of investments as described under "Other Permitted Investments of the Fund of Funds."

The fund bears its own expenses and, in addition, indirectly bears its proportionate share of the expenses of the underlying funds in which it invests.

John Hancock Variable Insurance Trust | (Lifestyle Conservative PS Series)
 
Risk/Return: rr_RiskReturnAbstract  
Strategy - Supplement [Text Block] jhvitlifecon_SupplementTextBlock

The principal investment strategies for the Lifestyle Conservative PS Series are amended and restated as follows:

Strategy [Heading] rr_StrategyHeading

Principal Investment Strategies

Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The fund, except as otherwise described below, operates as a fund of funds and normally invests approximately 20% of its assets in underlying funds that invest primarily in equity securities or in futures contracts on equity markets (the "Equity Allocation") and approximately 80% of its assets in underlying funds that invest primarily in fixed-income securities or in futures contracts on fixed income markets (the "Fixed Income Allocation"). Underlying funds may include exchange traded funds ("ETFs") and the fund may invest a significant portion of its assets in ETFs. At the discretion of the subadvisor, the Equity Allocation may also include direct investments in equity securities and the Fixed Income Allocation may also include direct investments in fixed-income securities. The subadvisor may also determine in light of market or economic conditions that the normal percentage limitations should be exceeded to protect the fund or achieve its objective.

Within the prescribed percentage allocation, the subadvisor selects the percentage level to be maintained in specific underlying funds and in futures contracts on equity or fixed income markets. These allocations may be changed at any time by the subadvisor.

The fund may invest in various underlying funds that as a group hold a wide range of equity type securities. These include small-, mid- and large-capitalization stocks, domestic and foreign securities (including emerging market securities) and sector holdings such as utilities and science and technology stocks. Each of these underlying funds has its own investment strategy which, for example, may focus on growth stocks or value stocks or may employ a strategy combining growth and income stocks and/or may invest in derivatives such as options on securities and futures contracts. The fund may also invest in underlying funds that purchase futures contracts on equity markets.

Certain of these underlying funds focus their investment strategy on fixed-income securities, which may include investment grade and below investment grade debt securities with maturities that range from short to longer term. The fixed-income underlying funds collectively hold various types of debt instruments such as corporate bonds and mortgage backed, U.S. and foreign government issued, domestic and international securities.

The fund may invest in derivatives, which are financial contracts with a value that depends on, or is derived from, the value of underlying assets, reference rates or indexes. Derivatives may relate to stocks, bonds, interest rates, currencies or currency exchange rates and related indexes. The fund may use derivatives for hedging and nonhedging purposes including, without limitation, the following purposes:

To establish a position in the derivatives markets as a method of gaining exposure to a particular security or market;
To attempt to protect against possible changes in the market value of securities held or to be purchased by the fund or an underlying fund;
To manage the effective maturity or duration of the securities of the fund or an underlying fund; and
To facilitate the repatriation of foreign currency and the settlement of purchases of foreign securities.

The fund may invest in other types of investments as described under "Other Permitted Investments of the Fund of Funds."

The fund bears its own expenses and, in addition, indirectly bears its proportionate share of the expenses of the underlying funds in which it invests.

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John Hancock Variable Insurance Trust
Supplement dated June 28, 2013
To the Prospectus dated April 29, 2013

 

LIFESTYLE CONSERVATIVE PS SERIES

The principal investment strategies for the Lifestyle Conservative PS Series are amended and restated as follows:

Principal Investment Strategies

The fund, except as otherwise described below, operates as a fund of funds and normally invests approximately 20% of its assets in underlying funds that invest primarily in equity securities or in futures contracts on equity markets (the "Equity Allocation") and approximately 80% of its assets in underlying funds that invest primarily in fixed-income securities or in futures contracts on fixed income markets (the "Fixed Income Allocation"). Underlying funds may include exchange traded funds ("ETFs") and the fund may invest a significant portion of its assets in ETFs. At the discretion of the subadvisor, the Equity Allocation may also include direct investments in equity securities and the Fixed Income Allocation may also include direct investments in fixed-income securities. The subadvisor may also determine in light of market or economic conditions that the normal percentage limitations should be exceeded to protect the fund or achieve its objective.

Within the prescribed percentage allocation, the subadvisor selects the percentage level to be maintained in specific underlying funds and in futures contracts on equity or fixed income markets. These allocations may be changed at any time by the subadvisor.

The fund may invest in various underlying funds that as a group hold a wide range of equity type securities. These include small-, mid- and large-capitalization stocks, domestic and foreign securities (including emerging market securities) and sector holdings such as utilities and science and technology stocks. Each of these underlying funds has its own investment strategy which, for example, may focus on growth stocks or value stocks or may employ a strategy combining growth and income stocks and/or may invest in derivatives such as options on securities and futures contracts. The fund may also invest in underlying funds that purchase futures contracts on equity markets.

Certain of these underlying funds focus their investment strategy on fixed-income securities, which may include investment grade and below investment grade debt securities with maturities that range from short to longer term. The fixed-income underlying funds collectively hold various types of debt instruments such as corporate bonds and mortgage backed, U.S. and foreign government issued, domestic and international securities.

The fund may invest in derivatives, which are financial contracts with a value that depends on, or is derived from, the value of underlying assets, reference rates or indexes. Derivatives may relate to stocks, bonds, interest rates, currencies or currency exchange rates and related indexes. The fund may use derivatives for hedging and nonhedging purposes including, without limitation, the following purposes:

To establish a position in the derivatives markets as a method of gaining exposure to a particular security or market;
To attempt to protect against possible changes in the market value of securities held or to be purchased by the fund or an underlying fund;
To manage the effective maturity or duration of the securities of the fund or an underlying fund; and
To facilitate the repatriation of foreign currency and the settlement of purchases of foreign securities.

The fund may invest in other types of investments as described under "Other Permitted Investments of the Fund of Funds."

The fund bears its own expenses and, in addition, indirectly bears its proportionate share of the expenses of the underlying funds in which it invests.

XML 16 R1.xml IDEA: Risk/Return Summary 2.4.0.8010000 - Document - Risk/Return Summary {Unlabeled}falsefalsefalse1false falsefalsechttp://www.sec.gov/CIK0000756913duration2013-06-28T00:00:002013-06-28T00:00:001false 2jhvitlifecon_SupplementTextBlock_04jhvitlifecon_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00 <p> </p> <div align="center"> <p style="font-size:14;padding-top:2;padding-bottom:0;padding-left:0;"> <b> John Hancock Variable Insurance Trust<br/> Supplement dated June 28, 2013<br/> To the Prospectus dated April 29, 2013 </b></p> </div> <p>&#160;</p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> <b> LIFESTYLE CONSERVATIVE PS SERIES </b></p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> The principal investment strategies for the Lifestyle Conservative PS Series are amended and restated as follows: </p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> <b>Principal Investment Strategies</b> </p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> The fund, except as otherwise described below, operates as a fund of funds and normally invests approximately 20% of its assets in underlying funds that invest primarily in equity securities or in futures contracts on equity markets (the "Equity Allocation") and approximately 80% of its assets in underlying funds that invest primarily in fixed-income securities or in futures contracts on fixed income markets (the "Fixed Income Allocation"). Underlying funds may include exchange traded funds ("ETFs") and the fund may invest a significant portion of its assets in ETFs. At the discretion of the subadvisor, the Equity Allocation may also include direct investments in equity securities and the Fixed Income Allocation may also include direct investments in fixed-income securities. The subadvisor may also determine in light of market or economic conditions that the normal percentage limitations should be exceeded to protect the fund or achieve its objective. </p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> Within the prescribed percentage allocation, the subadvisor selects the percentage level to be maintained in specific underlying funds and in futures contracts on equity or fixed income markets. These allocations may be changed at any time by the subadvisor. </p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> The fund may invest in various underlying funds that as a group hold a wide range of equity type securities. These include small-, mid- and large-capitalization stocks, domestic and foreign securities (including emerging market securities) and sector holdings such as utilities and science and technology stocks. Each of these underlying funds has its own investment strategy which, for example, may focus on growth stocks or value stocks or may employ a strategy combining growth and income stocks and/or may invest in derivatives such as options on securities and futures contracts. The fund may also invest in underlying funds that purchase futures contracts on equity markets. </p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> Certain of these underlying funds focus their investment strategy on fixed-income securities, which may include investment grade and below investment grade debt securities with maturities that range from short to longer term. The fixed-income underlying funds collectively hold various types of debt instruments such as corporate bonds and mortgage backed, U.S. and foreign government issued, domestic and international securities. </p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> The fund may invest in derivatives, which are financial contracts with a value that depends on, or is derived from, the value of underlying assets, reference rates or indexes. Derivatives may relate to stocks, bonds, interest rates, currencies or currency exchange rates and related indexes. The fund may use derivatives for hedging and nonhedging purposes including, without limitation, the following purposes: </p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;margin-left: 40px;"> To establish a position in the derivatives markets as a method of gaining exposure to a particular security or market;<br/> To attempt to protect against possible changes in the market value of securities held or to be purchased by the fund or an underlying fund;<br/> To manage the effective maturity or duration of the securities of the fund or an underlying fund; and<br/> To facilitate the repatriation of foreign currency and the settlement of purchases of foreign securities. </p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> The fund may invest in other types of investments as described under "Other Permitted Investments of the Fund of Funds."</p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> The fund bears its own expenses and, in addition, indirectly bears its proportionate share of the expenses of the underlying funds in which it invests. </p> falsefalsefalseus-types:textBlockItemTypestringNo authoritative reference available.No definition available.false0falseRisk/Return SummaryUnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://xbrl.sec.gov/rr/role/RiskReturn11