Invesco Trimark Organizational Change: Trimark Fund Portfolio Management

October 7, 2013
Plan sponsors may wish to consider whether this investment update has any implications for the investment options available within their plan. 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 September 2013, Invesco Ltd. (Invesco) announced that Darren McKiernan, a Co-Portfolio Manager of the Trimark Fund, will be leaving the firm.

Since March 2012, the Trimark Fund has been managed by Michael Hatcher - Lead Portfolio Manager, with Darren McKiernan and Jeff Feng listed as Co-Portfolio Managers of the fund. Michael Hatcher and Jeff Feng will now be Co-Lead Portfolio Managers on the fund going forward. They continue to be supported by Portfolio Analyst, Kevin Kaminski.

Invesco does not plan to immediately replace Mr. McKiernan. The firm has also confirmed that there will be no changes to the investment objectives or strategies of the Trimark Fund.

In March 2012, Invesco announced that Dana Love, Head of Global Equities since August 2011, and Portfolio Manager of the Trimark Fund since 2004 (Lead Portfolio Manager since 2008) left the firm. At that time, Michael Hatcher, Director of Research at Trimark Investments, assumed Lead Portfolio Manager responsibilities of the fund. Mr. Hatcher also took on the additional responsibility of Head of Global Equities, replacing Mr. Love on the Trimark Investment Leadership Team.

Michael Hatcher joined the company in 2009 and has 17 years of industry experience. His previous positions include: Vice President and Senior Investment Analyst at Burgundy Asset Management Ltd.; and Portfolio Manager at MFC Global Investment Management.

Jeff Feng, Vice President, Trimark Investments joined the company in 2009 and has 16 years of industry experience. His previous positions include: Vice President of EAFE Equities at Burgundy Asset Management Ltd., and Investment Analyst at Trans-East Investment Counselling Ltd.
We will continue to monitor updates on the Trimark Fund Portfolio Management team and provide updates as necessary.

Please contact your Sun Life Financial Group Retirement Services representative.