SunFlex Retirement Income

Transcription

1 SunFlex Retirement Income PERFORMANCE-LINKED INVESTMENT OPTIONS BOOKLET Life s brighter under the sun

2 Contents Investment options Sun Life Granite Managed Solutions Sun Life Granite Conservative Portfolio... 4 Sun Life Granite Moderate Portfolio... 5 Sun Life Granite Balanced Portfolio... 6 Sun Life Granite Balanced Growth Portfolio... 7 Sun Life Granite Growth Portfolio... 8 Balanced Funds Sun Life BlackRock Canadian Balanced Fund... 9 Fidelity Canadian Asset Allocation Fund Mackenzie Ivy Canadian Balanced Fund Trimark Income Growth Fund...12 SunFlex Bundle Funds SunFlex Sun Life MFS Canadian Equity Bundle...15 SunFlex CI Signature Select Canadian Bundle...17 SunFlex CI Canadian Investment Bundle...19 SunFlex Invesco Select Canadian Bundle SunFlex RBC Canadian Dividend Bundle SunFlex Sun Life MFS U.S. Equity Bundle SunFlex Sun Life MFS Global Equity Bundle SunFlex Fund Codes SunFlex Fund Codes SunFlex Retirement Income Performance-Linked Investment Options Booklet 2

3 SunFlex Retirement Income This guide gives you detailed information about each of the fund options available to you in the SunFlex Retirement Income policy. It gives you the details you need to know before choosing which funds are right for you. Your SunFlex Retirement Income bonus income is linked to the performance of the fund options you choose. We track the unit values of the funds you choose, including all distributions to calculate your bonus income. This gives you the ability to participate in the market without the risk of being invested in the market. With SunFlex Retirement Income, you do not own the actual units of the mutual funds you choose to link your performance to; we use the fund returns in the bonus income calculation. SunFlex Retirement Income offers you a range of performance-linked investments so you can select the funds that best meet your income goals and risk tolerance. You can choose to link your income to one or more of the available fund options. You choose the amount you wish to allocate to any one fund option, and you may also change your fund allocations once per calendar month. Your advisor will help you choose the funds which best match your income goals and risk tolerance. To calculate your returns, we use the change in their values. We use Series A or a similar retail class of unit values to calculate your fund performance. Series A units are reported net of management fees, operating expenses, and any distributions from the fund. If no Series A or similar retail class of unit is available to use, we will use the institutional class and reduce the rate of return of the investment by an amount which, based on industry standards, we would expect to be charged if the Series A or retail class of units were available. Sun Life Financial does not currently deduct any additional fees from the unit values before calculating your returns. Before changing or increasing a management fee, we will provide written notice to you 60 days in advance and it will not exceed a maximum of 0.75% per year. 3

4 Sun Life Granite Managed Solutions Sun Life Granite Conservative Portfolio RISK PROFILE: LOW INVESTMENT OBJECTIVE The investment objective is to seek income and capital appreciation for the portfolio with a bias towards income, by investing primarily in fixed income mutual funds and, to a lesser extent, equity mutual funds. ASSET CLASS Global Fixed Income Balanced MUTUAL FUND SERIES A MER 1.93% as of December 31, 2014 PORTFOLIO MANAGER Sun Life Global Investments (Canada) Inc. Linking your income to the returns of this fund may be suitable if you: seek diversification through a broad range of asset classes, geographies and investment styles; are comfortable with an investment which is 60 80% in fixed income and 20 40% in equity; and are comfortable with low investment risk. Fund performance of Series A units as of December 31, 2014 Period Fund returns 1 year 7.22% 3 year N/A 5 year N/A 10 year N/A Since inception January 17, % 4

5 Sun Life Granite Managed Solutions Sun Life Granite Moderate Portfolio RISK PROFILE: LOW TO MEDIUM INVESTMENT OBJECTIVE The investment objective is to seek income and capital appreciation by investing primarily in a mix of fixed income and equity mutual funds. ASSET CLASS Global Neutral Balanced MUTUAL FUND SERIES A MER 2.19% as of December 31, 2014 PORTFOLIO MANAGER Sun Life Global Investments (Canada) Inc. Linking your income to the returns of this fund may be suitable if you: seek diversification through a broad range of asset classes, geographies and investment styles; are comfortable with an investment which is 40 60% in fixed income and 40 60% in equity; and are comfortable with low to medium investment risk. Fund performance of Series A units as of December 31, 2014 Period Fund returns 1 year 8.41% 3 year N/A 5 year N/A 10 year N/A Since inception January 17, % 5

6 Sun Life Granite Managed Solutions Sun Life Granite Balanced Portfolio RISK PROFILE: LOW TO MEDIUM INVESTMENT OBJECTIVE The investment objective is to seek capital appreciation and income, with a small bias towards capital appreciation, by investing primarily in a mix of equity and fixed income mutual funds. ASSET CLASS Global Neutral Balanced MUTUAL FUND SERIES A MER 2.24% as of December 31, 2014 PORTFOLIO MANAGER Sun Life Global Investments (Canada) Inc. Linking your income to the returns of this fund may be suitable if you: seek diversification through a broad range of asset classes, geographies and investment styles; are comfortable with an investment which is 30 50% in fixed income and 50 70% in equity; and are comfortable with low to medium investment risk. Fund performance of Series A units as of December 31, 2014 Period Fund returns 1 year 9.38% 3 year N/A 5 year N/A 10 year N/A Since inception January 17, % 6

7 Sun Life Granite Managed Solutions Sun Life Granite Balanced Growth Portfolio RISK PROFILE: MEDIUM INVESTMENT OBJECTIVE To seek capital appreciation and income, with a bias towards capital appreciation, by investing primarily in equity mutual funds and, to a lesser extent, fixed income mutual funds. ASSET CLASS Global Equity Balanced MUTUAL FUND SERIES A MER 2.30% as of December 31, 2014 PORTFOLIO MANAGER Sun Life Global Investments (Canada) Inc. Linking your income to the returns of this fund may be suitable if you: seek diversification through a broad range of asset classes, geographies and investment styles; are comfortable with an investment which is 20 40% in fixed income and 60 80% in equity; and are comfortable with medium investment risk. Fund performance of Series A units as of December 31, 2014 Period 1 year 10.21% 3 year N/A 5 year N/A 10 year N/A Since inception January 17, % Fund returns 7

8 Sun Life Granite Managed Solutions Sun Life Granite Growth Portfolio RISK PROFILE: MEDIUM INVESTMENT OBJECTIVE The investment objective is to seek capital appreciation by investing primarily in equity mutual funds and, to a lesser extent, fixed income mutual funds. ASSET CLASS Global Equity Balanced MUTUAL FUND SERIES A MER 2.35% as of December 31, 2014 PORTFOLIO MANAGER Sun Life Global Investments (Canada) Inc. Linking your income to the returns of this fund may be suitable if you: seek diversification through a broad range of asset classes, geographies and investment styles; are comfortable with an investment which is 10 30% in fixed income and 70 90% in equity; and are comfortable with medium investment risk. Fund performance of Series A units as of December 31, 2014 Period Fund returns 1 year 11.06% 3 year N/A 5 year N/A 10 year N/A Since inception January 17, % 8

9 Balanced Funds Sun Life BlackRock Canadian Balanced Fund RISK PROFILE: LOW TO MEDIUM INVESTMENT OBJECTIVE The investment objective is to seek a combination of income and growth by investing primarily in Canadian equity securities and Canadian debt instruments directly or indirectly through mutual funds and exchange-traded funds that invest in such securities. ASSET CLASS Canadian Equity Balanced MUTUAL FUND SERIES A MER 1.99% as of December 31, 2014 Linking your income to the returns of this fund may be suitable if you: seek a Canadian balanced fund with broad diversification; seek a moderate degree of growth and income; and are comfortable with low-to-medium investment risk. Fund performance of Series A units as of December 31, 2014 Period 1 year 7.91% 3 year 7.39% 5 year N/A 10 year N/A Since inception April 15, % Fund returns PORTFOLIO MANAGER Sun Life Global Investments (Canada) Inc. 9

10 Balanced Funds Fidelity Canadian Asset Allocation Fund RISK PROFILE: LOW TO MEDIUM INVESTMENT OBJECTIVE The fund aims to achieve high total investment return. The fund uses an asset allocation approach. It invests primarily in a mix of Canadian equity securities, fixed income securities and money market instruments. The fund may invest up to 30% of its assets in foreign issuers. ASSET CLASS Canadian Equity Balanced MUTUAL FUND SERIES B MER 2.27% as of December 31, 2014 Linking your income to the returns of this fund may be suitable if you: seek a Canadian balanced fund with broad diversification; seek a moderate degree of growth; and are comfortable with low-to-medium investment risk. Fund performance of Series B units as of December 31, 2014 Period Fund returns 1 year 9.79% 3 year 7.44% 5 year 5.22% 10 year 5.84% Since inception December 30, % PORTFOLIO MANAGER Fidelity Investments Canada ULC 10

11 Balanced Funds Mackenzie Ivy Canadian Balanced Fund RISK PROFILE: LOW TO MEDIUM INVESTMENT OBJECTIVE The investment objective is to pursue long-term capital growth through a prudent balance of current income and capital appreciation. The fund invests mainly in equity securities of large capitalization Canadian companies and fixed income securities, such as Canadian government securities and corporate debt obligations. The portfolio manager has the ability to move from 0% to 100% between equities and fixed income securities. However, the portfolio manager tends not to make dramatic changes to the asset mix of the fund, and the portfolio is generally balanced, except in response to unusual market conditions. Linking your income to the returns of this fund may be suitable if you: want to link your performance returns to a Canadian balance fund; and are comfortable with low to medium risk. Fund performance of Series A units as of December 31, 2014 Period Fund returns 1 year 11.11% 3 year 10.79% 5 year 7.96% 10 year 4.28% Since inception October 13, % ASSET CLASS Canadian Equity Balanced MUTUAL FUND SERIES A MER 2.22% as of December 31, 2014 PORTFOLIO MANAGER Mackenzie Financial Corporation 11

12 Balanced Funds Trimark Income Growth Fund RISK PROFILE: LOW TO MEDIUM INVESTMENT OBJECTIVE The investment objective is to generate capital growth and income over the long term. The fund invests primarily in Canadian equities, fixed-income securities of Canadian issuers, both government and corporate, and foreign equities and fixed-income securities. ASSET CLASS Canadian Equity Balanced MUTUAL FUND SERIES A MER 2.63% as of December 31, 2014 PORTFOLIO MANAGER Invesco Canada Ltd. Linking your income to the returns of this fund may be suitable if you: seek capital growth and income over the medium to long term; want a diversified Canadian balance investment; and are comfortable with low to medium risk. Fund performance of Series A units as of December 31, 2014 Period Fund returns 1 year 7.40% 3 year 11.74% 5 year 7.32% 10 year 3.88% Since inception October 22, % 12

13 SunFlex Bundles The SunFlex Retirement Income bundles (SunFlex Bundle Funds) represent one or more equity funds with a Canadian bond fund to create a portfolio investment option designed to give exposure to strong equity funds while balancing risk with exposure to a Canadian bond fund. The target asset allocation is rebalanced monthly to preserve its target fund allocation. 13

14 The SunFlex Bundle Funds allocate 70% in one or more equity funds and 30% in the Sun Life Beutel Goodman Canadian Bond Fund. Each fund s contribution to the overall monthly bundle return is based on the proportionate weight of that fund within the bundle. The management expense ratio (MER) for each of the bundles is based upon the proportionate weight of each fund in the bundle. For example, the MER of a bundle with a 70% Canadian equity fund weighting and a 30% weighting in the Canadian bond fund will be 70% of the Canadian equity fund MER and 30% of the Canadian bond fund MER. The returns generated by the bundles will be proportionately weighted and will be based upon the bundle s fund exposure. The SunFlex Bundle Funds have no past performance, as they were created for this product. The past performances for each of the funds to which the bundles are exposed are included in the following pages. The approximate past performance for each of the bundles on the following pages is roughly the proportionate weight allocation of each fund to the bundle s whole. SunFlex Retirement Income Performance-Linked Investment Options Booklet 14

15 SunFlex Bundle Funds SunFlex Sun Life MFS Canadian Equity Bundle RISK PROFILE: MEDIUM INVESTMENT OBJECTIVE The investment objective of the bundle is to blend the returns of the Sun Life MFS Canadian Equity Growth Fund, the Sun Life MFS Canadian Equity Value Fund and the Sun Life Beutel Goodman Canadian Bond Fund. The investment objectives of the funds used within the bundle and their allocations are as follows: Allocation Fund name Investment objective 35% 35% 30% Sun Life MFS Canadian Equity Growth Fund Sun Life MFS Canadian Equity Value Fund Sun Life Beutel Goodman Canadian Bond Fund To seek long-term capital growth primarily by investing in Canadian growth equity securities. The Fund may invest in global equity securities or other mutual funds. To seek long-term capital growth by investing primarily in a diversified portfolio of Canadian equity securities deemed to be undervalued relative to their industries or the overall market. The Fund may invest in global equity securities or other mutual funds. To earn a high rate of income by investing primarily in fixed-income securities of Canadian government and corporate issuers. 15

16 ASSET CLASS Canadian Equity Balanced PROPORTIONATELY WEIGHTED MER 2.16% as of December 31, 2014 PORTFOLIO MANAGER Sun Life Global Investments (Canada) Inc. Linking your income to the returns of this fund may be suitable if you: seek Canadian equity exposure; seek a moderate degree of growth; and are comfortable with medium investment risk. The performance reported below, provided as of December 31, 2014, is for each of the funds represented in the bundle. 1 year 3 year 5 year 10 year Since inception Inception date Sun Life MFS Canadian Equity Growth Fund Sun Life MFS Canadian Equity Value Fund Sun Life Beutel Goodman Canadian Bond Fund 11.10% 13.42% 5.50% N/A 10.33% April 1, % 13.94% 8.33% N/A 11.92% April 1, % 0.94% N/A N/A 1.64% September 1, 2011 SunFlex Retirement Income Performance-Linked Investment Options Booklet 16

17 SunFlex Bundle Funds SunFlex CI Signature Select Canadian Bundle RISK PROFILE: MEDIUM INVESTMENT OBJECTIVE The investment objective of the bundle is to blend the returns of the CI Signature Select Canadian Fund and the Sun Life Beutel Goodman Canadian Bond Fund. The investment objectives of the funds used within the bundle and their allocations are as follows: Allocation Fund name Investment objective 70% 30% CI Signature Select Canadian Fund Sun Life Beutel Goodman Canadian Bond Fund To seek capital appreciation over the long-term coupled with dividend income. It invests primarily in common shares and convertible securities of Canadian companies and preferred shares that pay regular income. The Fund s investments are diversified across industry sectors. To earn a high rate of income by investing primarily in fixed-income securities of Canadian government and corporate issuers. 17

18 ASSET CLASS Canadian Equity Balanced PROPORTIONATELY WEIGHTED MER 2.17% as of December 31, 2014 PORTFOLIO MANAGER CI Investments Inc. Sun Life Global Investments (Canada) Inc. Linking your income to the returns of this fund may be suitable if you: seek Canadian equity exposure; seek a moderate degree of growth; and are comfortable with medium investment risk. The performance reported below, provided as of December 31, 2014, is for each of the funds represented in the bundle. 1 year 3 year 5 year 10 year Since inception Inception date CI Signature Select Canadian Fund Sun Life Beutel Goodman Canadian Bond Fund 11.55% 12.88% 7.74% 7.73% 9.90% May 13, % 0.94% N/A N/A 1.64% September 1, 2011 SunFlex Retirement Income Performance-Linked Investment Options Booklet 18

19 SunFlex Bundle Funds SunFlex CI Canadian Investment Bundle RISK PROFILE: MEDIUM INVESTMENT OBJECTIVE The investment objective of the bundle is to blend the returns of the CI Canadian Investment Fund and the Sun Life Beutel Goodman Canadian Bond Fund. The investment objectives of the funds used within the bundle and their allocations are as follows: Allocation Fund name Investment objective 70% 30% CI Canadian Investment Fund Sun Life Beutel Goodman Canadian Bond Fund To achieve a long-term capital growth by investing primarily in shares of major Canadian corporations. To earn a high rate of income by investing primarily in fixed-income securities of Canadian government and corporate issuers. 19

20 ASSET CLASS Canadian Equity Balanced PROPORTIONATELY WEIGHTED MER 2.13% as of December 31, 2014 PORTFOLIO MANAGER CI Investments Inc. Sun Life Global Investments (Canada) Inc. Linking your income to the returns of this fund may be suitable if you: seek Canadian equity exposure; seek a moderate degree of growth; and are comfortable with medium investment risk. The performance reported below, provided as of December 31, 2014, is for each of the funds represented in the bundle. 1 year 3 year 5 year 10 year Since inception Inception date CI Canadian Investment Fund 6.68% 12.85% 7.28% 6.41% 9.57% * November 16, 1932 Sun Life Beutel Goodman Canadian Bond Fund 4.63% 0.94% N/A N/A 1.64% September 1, 2011 * Figure shown represents actual performance from January 29, SunFlex Retirement Income Performance-Linked Investment Options Booklet 20

21 SunFlex Bundle Funds SunFlex Invesco Select Canadian Bundle RISK PROFILE: MEDIUM INVESTMENT OBJECTIVE The investment objective of the bundle is to blend the returns of the Invesco Select Canadian Equity Fund and the Sun Life Beutel Goodman Canadian Bond Fund. The investment objectives of the funds used within the bundle and their allocations are as follows: Allocation Fund name Investment objective 70% 30% Invesco Select Canadian Equity Fund Sun Life Beutel Goodman Canadian Bond Fund To provide strong capital growth with a high degree of reliability over the long term. The fund invests primarily in common shares of Canadian companies. To earn a high rate of income by investing primarily in fixed-income securities of Canadian government and corporate issuers. 21

22 ASSET CLASS Canadian Equity Balanced PROPORTIONATELY WEIGHTED MER 2.29% as of December 31, 2014 PORTFOLIO MANAGER Invesco Canada Ltd. Sun Life Global Investments (Canada) Inc. Linking your income to the returns of this fund may be suitable if you: seek Canadian equity exposure; seek a moderate degree of growth; and are comfortable with medium investment risk. The performance reported below, provided as of December 31, 2014, is for each of the funds represented in the bundle. 1 year 3 year 5 year 10 year Since inception Inception date Invesco Select Canadian Equity Fund Sun Life Beutel Goodman Canadian Bond Fund -3.54% 8.95% 4.92% 3.29% 7.11% September 23, % 0.94% N/A N/A 1.64% September 1, 2011 SunFlex Retirement Income Performance-Linked Investment Options Booklet 22

23 SunFlex Bundle Funds SunFlex RBC Canadian Dividend Bundle RISK PROFILE: MEDIUM INVESTMENT OBJECTIVE The investment objective of the bundle is to blend the returns of the RBC Canadian Dividend Fund and the Sun Life Beutel Goodman Canadian Bond Fund. The investment objectives of the funds used within the bundle and their allocations are as follows: Allocation Fund name Investment objective 70% 30% RBC Canadian Dividend Fund Sun Life Beutel Goodman Canadian Bond Fund To achieve long-term total returns consisting of regular dividend income, which benefits from the preferential tax treatment given to dividend income and modest long-term capital growth. The fund invests primarily in common and preferred shares of major Canadian companies with above average dividend yields. To earn a high rate of income by investing primarily in fixed-income securities of Canadian government and corporate issuers. 23

24 ASSET CLASS Canadian Equity Balanced PROPORTIONATELY WEIGHTED MER 1.72% as of December 31, 2014 PORTFOLIO MANAGER RBC Global Asset Management Inc. Sun Life Global Investments (Canada) Inc. Linking your income to the returns of this fund may be suitable if you: seek Canadian equity exposure; seek a moderate degree of growth; and are comfortable with medium investment risk. The performance reported below, provided as of December 31, 2014, is for each of the funds represented in the bundle. 1 year 3 year 5 year 10 year Since inception Inception date RBC Canadian Dividend Fund 12.14% 13.38% 9.72% 7.81% 11.16% January 6, 1993 Sun Life Beutel Goodman Canadian Bond Fund 4.63% 0.94% N/A N/A 1.64% September 1, 2011 SunFlex Retirement Income Performance-Linked Investment Options Booklet 24

25 SunFlex Bundle Funds SunFlex Sun Life MFS U.S. Equity Bundle RISK PROFILE: MEDIUM INVESTMENT OBJECTIVE The investment objective of the bundle is to blend the returns of the Sun Life MFS U.S. Growth Fund, the Sun Life MFS U.S. Value Fund, the Sun Life Beutel Goodman Canadian Bond Fund and the Sun Life BlackRock Canadian Composite Equity Fund. The investment objectives of the funds used within the bundle and their allocations are as follows: Allocation Fund name Investment objective 30% 30% 30% 10% Sun Life MFS U.S. Growth Fund Sun Life MFS U.S. Value Fund Sun Life Beutel Goodman Canadian Bond Fund Sun Life BlackRock Canadian Composite Equity Fund To seek capital appreciation by investing primarily in equity securities of issuers located in the United States that are considered to have above-average earnings growth potential compared to other companies. To seek capital appreciation by investing primarily in equity securities of companies with large market capitalization located in the United States that are considered to be undervalued compared to their perceived worth. To earn a high rate of income by investing primarily in fixed-income securities of Canadian government and corporate issuers. To seek long-term capital appreciation by replicating, to the extent possible, the performance, net of fees, of a board and recognized Canadian equity market index (the Index ). The fund invests directly in equity securities included in the Index and/or may achieve exposure to some or all of the Index by investing in exchange-traded funds, mutual funds or derivatives that are correlated to the performance of the Index. 25

26 ASSET CLASS Global Equity Balanced PROPORTIONATELY WEIGHTED MER 2.12% * as of December 31, 2014 PORTFOLIO MANAGER Sun Life Global Investments (Canada) Inc. Linking your income to the returns of this fund may be suitable if you: seek U.S. equity exposure with a blend of value and growth characteristics; and are comfortable with medium investment risk. The performance reported below, provided as of December 31, 2014, is for each of the funds represented in the bundle. 1 year 3 year 5 year 10 year Since inception Inception date Sun Life MFS U.S. Growth Fund 15.81% 22.68% N/A N/A 17.52% October 1, 2010 Sun Life MFS U.S. Value Fund 17.84% 22.70% N/A N/A 16.76% October 1, 2010 Sun Life Beutel Goodman Canadian Bond Fund Sun Life BlackRock Canadian Composite Equity Fund, I series units 4.63% 0.94% N/A N/A 1.64% September 1, % 10.22% N/A N/A 4.56% April 15, 2011 * The Sun Life BlackRock Canadian Composite Equity Fund is not available to retail investors. The management fee and operating expenses for this fund is equivalent (based on the industry standards) to the management fees and operating expenses which would be charged for Series A, or a similar retail series of units, if the Series A or retail series of units were available. The performance provided pertains to the I Series units. Your performance will be reduced by the management fee and operating expenses as described above. SunFlex Retirement Income Performance-Linked Investment Options Booklet 26

27 SunFlex Bundle Funds SunFlex Sun Life MFS Global Equity Bundle RISK PROFILE: MEDIUM INVESTMENT OBJECTIVE The investment objective of the bundle is to blend the returns of the Sun Life MFS Global Growth Fund, the Sun Life MFS Global Value Fund, the Sun Life Beutel Goodman Canadian Bond Fund and the Sun Life BlackRock Canadian Composite Equity Fund. The investment objectives of the funds used within the bundle and their allocations are as follows: Allocation Fund name Investment objective 30% 30% 30% 10% Sun Life MFS Global Growth Fund Sun Life MFS Global Value Fund Sun Life Beutel Goodman Canadian Bond Fund Sun Life BlackRock Canadian Composite Equity Fund To seek capital appreciation by investing primarily in equity securities of issuers located anywhere in the world that are considered to have above-average earnings growth potential compared to other issuers. To seek capital appreciation by investing primarily in equity securities of issuers located anywhere in the world that are considered to be undervalued compared to their perceived worth. To earn a high rate of income by investing primarily in fixed-income securities of Canadian government and corporate issuers. To seek long-term capital appreciation by replicating, to the extent possible, the performance, net of fees, of a board and recognized Canadian equity market index (the Index ). The fund invests directly in equity securities included in the Index and/or may achieve exposure to some or all of the Index by investing in exchange-traded funds, mutual funds or derivatives that are correlated to the performance of the Index. 27

28 ASSET CLASS Global Equity Balanced PROPORTIONATELY WEIGHTED MER 2.11% * as of December 31, 2014 PORTFOLIO MANAGER Sun Life Global Investments (Canada) Inc. Linking your income to the returns of this fund may be suitable if you: seek global equity exposure with a blend of value and growth characteristics; and are comfortable with medium investment risk. The performance reported below, provided as of December 31, 2014, is for each of the funds represented in the bundle. 1 year 3 year 5 year 10 year Since inception Inception date Sun Life MFS Global Growth Fund Sun Life MFS Global Value Fund Sun Life Beutel Goodman Canadian Bond Fund Sun Life BlackRock Canadian Composite Equity Fund, I series units 11.76% 17.92% N/A N/A 12.59% October 1, % 19.51% N/A N/A 14.77% October 1, % 0.94% N/A N/A 1.64% September 1, % 10.22% N/A N/A 4.56% April 15, 2011 * The Sun Life BlackRock Canadian Composite Equity Fund is not available to retail investors. The management fee and operating expenses for this fund is equivalent (based on the industry standards) to the management fees and operating expenses which would be charged for Series A, or a similar retail series of units, if the Series A or retail series of units were available. The performance provided pertains to the I Series units. Your performance will be reduced by the management fee and operating expenses as described above. SunFlex Retirement Income Performance-Linked Investment Options Booklet 28

29 SunFlex Performance-Linked Investments Fund option codes We have provided the fund codes for tracking purposes only. You do not own the actual units of the mutual funds you choose to link your performance to. We track the unit values of the funds you choose, including all distributions to calculate your bonus income. Nothing in the materials at right should be construed as a solicitation to buy or sell mutual fund securities. 29

30 Fund name Fund code Sun Life Granite Managed Solutions Sun Life Granite Conservative Portfolio SUN 144 Sun Life Granite Moderate Portfolio SUN 146 Sun Life Granite Balanced Portfolio SUN 148 Sun Life Granite Balanced Growth Portfolio SUN 150 Sun Life Granite Growth Portfolio SUN 153 Balanced Funds Sun Life BlackRock Canadian Balanced Fund SUN 116 Fidelity Canadian Asset Allocation Fund FID 281 Trimark Income Growth Fund AIM 6543 Mackenzie Ivy Canadian Balanced Fund MFC 082 Bundle funds SunFlex Sun Life MFS Canadian Equity Bundle Sun Life MFS Canadian Equity Growth Fund SUN 166 Sun Life MFS Canadian Equity Value Fund SUN 169 Sun Life Beutel Goodman Canadian Bond Fund SUN 122 SunFlex Sun Life MFS Global Equity Bundle Sun Life MFS Global Growth Fund SUN 100 Sun Life MFS Global Value Fund SUN 101 Sun Life Beutel Goodman Canadian Bond Fund SUN 122 Sun Life BlackRock Canadian Composite Equity Fund SUN 519 SunFlex Sun Life MFS U.S. Equity Bundle Sun Life MFS U.S. Growth Fund SUN 105 Sun Life MFS U.S. Value Fund SUN 106 Sun Life Beutel Goodman Canadian Bond Fund SUN 122 Sun Life BlackRock Canadian Composite Equity Fund SUN 519 SunFlex CI Signature Select Canadian Bundle CI Signature Select Canadian Fund CIG 677 Sun Life Beutel Goodman Canadian Bond Fund SUN 122 SunFlex CI Canadian Investment Bundle CI Canadian Investment Fund CIG 7420 Sun Life Beutel Goodman Canadian Bond Fund SUN 122 SunFlex Invesco Select Canadian Bundle Invesco Select Canadian Equity Fund AIM 1583 Sun Life Beutel Goodman Canadian Bond Fund SUN 122 SunFlex RBC Canadian Dividend Bundle RBC Canadian Dividend Fund RBF 759 Sun Life Beutel Goodman Canadian Bond Fund SUN

31 Important terminology Risk profile Risk is the chance your selected funds may not perform as expected. In general, the more risk you accept, the higher your potential returns and the greater your potential losses. Management fees Each funds pays a management fee to the fund management firm based on the net asset value (NAV) of each series of the fund, plus HST. The fee is accrued daily and paid monthly. This fee is incorporated into the daily NAV Sun Life Financial uses to track the performance-linked returns of the funds you select. Sun Life does not charge an additional management fee to the fund. Operating expenses Each fund is responsible for paying all of its operating expenses, trading expenses, and any commodity or other taxes applicable to such expenses relating to the portfolio securities held by the fund. The operating expenses are incorporated into the daily NAV Sun Life Financial uses to track the performance-linked returns of the funds you select. Sun Life does not charge any additional operating expenses to the fund. Proportionately weighted Management expense ratio (MER) The percentage a portion of a total value represents of the whole value. A variable measure of what it costs to operate the fund. MERs include all expenses of a fund, and include management fees, operating expenses and/or administration fees, and applicable taxes. 31

32 Notes SunFlex Retirement Income Performance-Linked Investment Options Booklet 32

33 33 Notes

34 FLEXIBILITY CONFIDENCE PEACE OF MIND Questions? We re here to help. SunFlex Retirement Income provides guaranteed income to help cover basic needs and the opportunity for bonus income to suit your retirement lifestyle. Your advisor can tell you more about Money for Life and help you build and maintain your plan to enjoy retirement. Learn more at For more information and resources visit Call SUN-LIFE/ Life s brighter under the sun On August 31, 2015, the word Managed was replaced by the word Granite in the name of each Sun Life Managed Granite Solution. SunFlex Retirement Income is issued by Sun Life Assurance Company of Canada, a member of the Sun Life Financial group of companies. Sun Life Assurance Company of Canada, Digital-08-15