Revised Statement of Investment Policies and Guidelines for Greystone Target Duration 8 Year and Greystone Target Duration 15 Year Funds

January 19, 2015

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 fund listed below, which is established as segregated fund in accordance with the Insurance Companies Act (Canada).

Effective January 1, 2015, Greystone Managed Investments Inc. (Greystone) revised their Statement of Investment Policies and Guidelines (SIP&G) for the Greystone Target Duration 8 Year and Greystone Target Duration 15 Year Funds.

What has changed?

Greystone Target Duration 8 Year Fund

  • In the Sector Weights section of the policy, the sector constraint range for federal bonds and corporate bonds was adjusted.  
  • The sector weight range for federal bonds changed from +/-20% to +/-30%.  
  • The sector weight range for corporate bonds was widened from +/-10% to +/-15%.  

Greystone Target Duration 15 Year Fund

  • In the Sector Weights section of the policy, the sector constraint range for federal bonds and corporate bonds was adjusted.  
  • The sector weight range for federal bonds changed from +/-20% to +/-30%.  
  • The sector weight range for corporate bonds was widened from +/-10% to +/-15%.  

Rationale for the changes
These changes allow for a greater weighting to the provincial and corporate sectors which Greystone believes will allow for the construction of higher yielding portfolios.

How does this affect you and your plan members?
There is no impact to you or your members as a result of this update.

Greystone's SIP&G details the fund's objectives, strategies and guidelines for the investment funds managed by Greystone. A copy of the SIP&G is available on the Sun Life Financial Plan Sponsor Services website.

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