Revised Benchmark Allocations for the Sun Life Managed Income Portfolio

July 14, 2014

Plan sponsors may wish to consider whether this investment news has any implications for the investment options available within their plans. Sun Life Assurance Company of Canada purchases units of the funds listed below, which are established as segregated funds in accordance with the Insurance Companies Act (Canada).

In April 2014, Sun Life Global Investments (Canada) Inc. (SLGI Canada) made revisions to its Statement of Investment Policies and Goals (SIP&G) for the Sun Life Managed Income Portfolio Segregated Fund offered on Sun Life Financial's Core investment platform.

The blended and broader benchmarks were updated as follows:

Blended Benchmarks

Current

Previous

Canadian bonds DEX Universe

25%

30%

Global bonds BC Global Aggregate C$ hedged

30%

25%

High yield bonds BC Global High Yield C$ hedged

2.5%

same

Emerging market debt BC EMD USD Aggregate C$ hedged

2.5%

same

Canadian REITs S&P/TSX Capped REIT Index

10%

same

Canadian Equity S&P/TSX Capped Composite

10%

same

Infrastructure S&P Global Infrastructure Index

10%

same

Global Equity MSCI World Index

10%

same


Broader Benchmarks

Current

Previous

Canadian bonds DEX Universe

25%

30%

Global bonds BC Multiverse C$ hedged

35%

30%

Canadian Equity S&P/TSX Capped Composite

20%

same

Global Equity MSCI World Index

20%

same


How does this affect you and your members?
There is no impact to you or your members as a result of these changes. Members will be notified of the changes via Morningstar.

SLGI Canada's SIP&G outline the investment objectives, risk controls and performance measurement for the investment funds managed by SLGI Canada. A copy of the revised SIP&G is available on the Sun Life Financial Plan Sponsor Services website. When logged into the website, under the Administration and reporting tab, select Group Retirement Services, then on the top navigation menu select Investments >> Governance reports.

Questions?
Please contact your Sun Life Group Retirement Services representative.