Revised SIP&G: Sun Life Financial Short Bond Fund

July 20, 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 a segregated fund in accordance with the Insurance Companies Act (Canada).

Effective April 2, 2015, the Statement of Investment Policies and Goals (SIP&G) for the Beutel Goodman Short Term Bond Fund (underlying fund of the Sun Life Financial Short Bond Fund) has been updated.

Point 6 of the Diversification and Quality Standards section (‘the section’) was amended to state that “The issues of any corporation will not exceed 10% of the portfolio”. Previously, the section stated that an exception to this limit was a maximum 15% limit for Schedule I banks; this exception has been removed. The maximum limit for issues of Schedule 1 banks was decreased to 10% from 15%.

New Wording
The issues of any corporation will not exceed 10% of the portfolio.

Old Wording
The issues of any corporation (excluding Schedule I banks) will not exceed 10% of the portfolio (Schedule I banks to a limit of 15%).
How will this change impact you and your plan members?

There is no impact to you or your plan members as a result of this change.

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