Revised Benchmarks: Sun Life Financial Granite Funds and Milestone Funds

January 13, 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 December 2013, Sun Life Global Investments provided Morningstar® with revised benchmark returns for the Sun Life Financial Granite Series of Target Date Segregated Funds (Granite Funds) and Sun Life Financial Milestone Series of Target Date Segregated Funds (Milestone Funds), for the period between April 2013 and November 2013.

Revised benchmarks are available on the Plan Sponsor and Plan Member Services website and on Morningstar. Please note that the Granite Funds and Milestone Funds’ rates of return were not impacted by these revisions; only benchmark returns have been revised.

How does this change affect plan sponsors?

Plan Sponsors using the Morningstar tools to compare the Granite Funds' and Milestone Funds' returns against the benchmark can re-run any reports which were created between April, 12th, 2013 and December 13th, 2013.

How does this change affect plan members?
Plan members are not required to take any action at this time. Members will be notified of the changes via Morningstar.

Please contact your Sun Life Financial Group Retirement Services representative.