2017

September 11, 2017

Mapping assets out of the Sprucegrove International Pooled and Sprucegrove Global Pooled Segregated Funds

Sun Life Financial regularly reviews the fund line-up of all of our products, and as a result of a recent review we will be removing the Sprucegrove International Pooled and Sprucegrove Global Pooled Segregated Funds from our fund offering. This change comes as a result of significant changes in the organization and low client demand. Assets currently in the Sprucegrove funds will be automatically mapped to the Templeton International Stock Trust or Templeton Global Stock Trust Segregated Funds respectively unless you take action before February 28, 2018.

Action may be required
The Templeton International or Templeton Global Segregated Funds have been selected as the default options into which your plan's Sprucegrove International and Global assets will be mapped respectively on May 29, 2018. If you are satisfied with the Templeton International or Templeton Global Segregated Funds for your plan, there is no action required by you at this time. If you would like to map your plan's assets into alternative funds, you will need to make these selections by February 28, 2018 (please contact your Sun Life Financial Group Retirement Services representative). Consider involving a Sun Life Investment Solutions Executive to help select the funds that are right for your organization.

How will this affect plan members?
On May 29, 2018, any assets remaining in, and any future contributions directed to the Sprucegrove International Pooled and Sprucegrove Global Pooled Segregated Funds will be automatically transferred to the Templeton International Stock Trust or Templeton Global Stock Trust Segregated Funds respectively. When the changes are implemented, plan members will see a sale of the discontinued fund and the purchase of the replacement fund reflected in their accounts. This change will not result in a taxable capital gain or loss for plan members if their assets are invested in a registered product. Plan members are able to change their investments at any time prior to the automatic transfer on May 29, 2018. Plans that do not currently hold the Templeton International Stock Trust and Templeton Global Stock Trust Segregated Funds will have them added before the fund sweep.

About the new fund
The Templeton International Stock Trust and Templeton Global Stock Trust Segregated Funds offer a value approach and have a deep, stable investment team with access to investment professionals located around the world. Franklin Templeton manages $962 billion as of June 30, 2017.

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