We are changing our exposure to Global Fixed Income within the Fund from Templeton Global Bond Fund to the Sun Life Opportunistic Fixed Income Private Pool, sub-advised by Wellington Management Canada ULC, a subsidiary of Wellington Investment Advisors Holdings LLP (“Wellington”). You or your plan members do not need to take any action at this time. We remain vigilant. Changes to the Beutel Goodman Fixed Income team – April 4, 2016. All rights reserved. Canadian Investment Funds Standards Committee(CIFSC) ... 2060 Portfolio Series A Standard Life Target Date 2055 Sun Life 2040 Milestone Portfolio Sun Life 2045 Milestone Portfolio Sun Life Granite 2040 Aggressive Portfolio Sun Life Granite 2040 Conservative Portfolio Sun Life Granite … These are target-date funds that mature in 2030 or earlier and after 2025. These enhancements take effect in the second quarter of 2020. The Granite Retirement Fund targets people currently near or in retirement. Plan members with money in the Granite 2020 Funds that are part of non-registered plans will likely experience a capital gain or loss when the money is transferred to the Granite Retirement Fund. It will take some time to update our websites, materials and forms and until that is complete, all references to Sun Life … Plan members with money invested in the Granite 2020 Funds as part of a non-registered plan should consider the tax impact the merger may have on their particular situation. These enhancements take effect in the second quarter of 2020… These are target-date funds that mature in 2025 or earlier and after 2020. The Sun Life Granite funds are a suite of multi-manager solutions designed to help plan members save for their retirement. Sun Life Financial Granite Target Risk series of funds (Granite Target Risk funds). International equities (developed and emerging markets), Fixed income (domestic and foreign including emerging markets debt), Specialty equity and fixed income (private fixed income, high yield bonds, global natural resources). The Granite 2020 Funds will no longer receive new money (i.e. We are making this change to enhance expected risk-adjusted returns and diversification. Sun Life Global Investments is a trade name of SLGI Asset Management Inc., Sun Life Assurance Company of Canada, and Sun Life Financial Trust Inc. SLGI Asset Management Inc. is the investment manager of the Sun Life Mutual Funds, Sun Life Granite Managed Solutions and Sun Life Private Investment Pools. In turn, the non-Canadian equity allocations will increase: U.S. from 33% to 35%; and EAFE plus emerging markets from 33% to 35%. Enhancements to our Granite series of funds. Enhancements to the Granite Series Target Date and Target Risk funds – April 4, 2016. SLGI opted to give plan members with money in the Granite 2020 Funds more flexibility/time for tax planning purposes. In the Sun Life Granite Target Risk Funds, we are adding a bottom up, core plus mandate, broadening our opportunity set in Canadian bonds. The Sun Life Milestone Funds can help provide a powerful shield against the impact of market volatility. Our portfolio management team reviews the long-term strategic target allocations for the Funds once a year. These are target-date funds that mature in 2020 or earlier. Target Date to Retirement Select from this group of funds if you would like to invest in a help me do it portfolio that matches your investment time horizon. Click this button to collapse it. Broader credit exposure may help enhance yield and diversification. The Granite 2020 Funds will no longer be available for addition to plan sponsor line-ups. We’ll post a message outlining the changes and potential tax impacts on mySunLife.ca. Sun Life Financial Corp. Monday announced the launch of the Granite series of target date funds. We are modestly reducing our exposure to large-cap Canadian core equities from 33% to 30%. contributions or transfers-in). Each fund gets more conservative as it moves closer to its maturity. While similar to traditional target date funds, these funds offer investors a multi-manager … © Sun Life Assurance Company of Canada. This content is intended for Institutional Investors Only (Plan Sponsors, Consultants & Group Advisors). Alternatively, plan members can move their money in the Granite 2020 Funds to the Granite Retirement Fund (or any other Granite fund that fits their needs) any time before June 2024. It holds a blend of investments that investors may find appropriate for retirement years. What happens when the Granite 2020 Fund reaches its year of maturity? Here is a list of the impacted funds: Sun Life Granite 2020… The Granite and Granite Multi-Risk Target Date funds series use a multi-manager structure to create a balanced asset mix. It will take some time to update our websites, materials and forms and until that is complete, all references to Sun Life … We are reallocating some of our Canadian core bond exposure into U.S. core bonds. Assumption Life SmartSeries 2035 BMO Target Education 2035 Portfolio Series A CI LifeCycle 2035 Portfolio Desjardins fin'l Fidelity CP Instl 2035 Fidelity ClearPath 2035 Portfolio Series B Franklin LifeSmart 2035 Portfolio Franklin LifeSmart 2035 Portfolio Series O Greystone 2035 Target Date Fund … Summary of timeline of Granite 2020 Funds maturity, About the Granite Target Date fund series. Financial markets continue to evolve. This enhancement is not applicable to Sun Life Granite Target Date series of Funds because they already offer broad credit exposure through the Sun Life Private Fixed Income Plus and Canadian Commercial Mortgage Funds (sub-advised by Sun Life Capital Management (Canada) Inc.). Update to the maturity process for the Sun Life Granite 2020 Funds. Region and language selection is expanded. © SLGI Asset Management Inc. and its licensors, 2020. Sun Life will redirect all future member contributions in the Granite 2020 Funds (whether defaulted or actively selected) to the Granite Retirement Fund. Revised Statement of Investment Policies and Guidelines for Greystone Target Duration 3-Year Fund … After June 22, 2020, no member contributions will go into the Granite 2020 Funds. Please contact your Sun Life Group Retirement Services representative. 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). At maturity, each fund moves into the Retirement fund. Available in Target Date, Multi-Risk Target Date, Target Risk and Income … Sun Life Global Investments (SLGI) has announced an update to the maturity process for the Sun Life Granite® 2020 Target Date and Multi-Risk Target Date Segregated Funds (“Granite 2020 Funds”). Here is a list of the impacted funds: In general, when a Granite fund reaches the year identified in its name, it will have reached its most conservative investment mix. Members select the target date fund that most closely aligns with the year when they wish to retire. We’re here to support you through COVID-19. There are no tax implications for money held in registered plans. 2 The 2060 maturity funds were added July 2, 2019. Sun Life Granite 2020 Fund and Sun Life Milestone 2020 Fund are closed to new purchases.Sun Life Granite 2025 Fund and Sun Life Milestone 2025 Fund, DSC option is closed to new purchases as of July 1, 2018… Why will SLGI wait 4 years between the maturity of the Granite 2020 Funds and their merger into the Granite Retirement Fund? The Granite Moderate glidepath is also the glidepath for the Sun Life Financial Granite Target Date Segregated Funds. Effective April 1, 2016, Sun Life Global Investments (Canada) Inc. (SLGI) revised its Statement of Investment Policies and Goals (SIP&G) for the Sun Life Financial Granite Series of Target Date Segregated Funds, Sun Life Financial Granite Series of Multi-Risk Target Date Segregated Funds and the Sun Life Financial Granite Target … It’s particularly important for investors who hold the fund in a non-registered plan as the merger of a maturing target date fund into the Retirement Fund currently constitutes a taxable event in Canada. Sun Life Global Investments (“SLGI”) is making enhancements to our Sun Life Granite Target Date and our Sun Life Granite Target Risk series of Funds (the “Funds”). The maturity date for a Sun Life Milestone Fund may be accelerated in … *All investment solutions are offered as segregated funds for group retirement plans exclusively by Sun Life Assurance Company of Canada, through Sun Life Group Retirement Services, a member of the Sun Life group of companies. This investment mix seeks to provide income and moderate long-term growth of capital for investors beginning to withdraw their money. The Granite Funds provide exposure to the following asset classes: The series is available with target maturity dates in 5-year intervals (Retirement, 2020, 2025, 2030, 2035, 2040, 2045, 2050, 2055 and 2060). These are target date funds that mature after 2035. These target date funds offer the opportunity for growth potential, while at the same time offering downside protection if markets drop… An internal investigation by SLGI identified that the error was due to a failure to adjust the benchmarks as the Funds' strategic asset mix changed. Despite the selloff in U.S. … The members must report capital gains or losses, if any, on their tax return in the year their assets are moved. We are making this change to enhance return consistency relative to the broad global bond benchmark. Sun Life Global Investments is a trade name of SLGI Asset Management Inc., Sun Life Assurance Company of Canada, and Sun Life Financial Trust Inc. SLGI Asset Management Inc. is the investment manager of the Sun Life Mutual Funds, Sun Life Granite Managed Solutions and Sun Life … As of July 20, 2020, Sun Life Global Investments (Canada) Inc. changed its name to SLGI Asset Management Inc. How will this impact you and your plan members? March 19, 2020. As of July 20, 2020, Sun Life Global Investments (Canada) Inc. changed its name to SLGI Asset Management Inc. It’s also the only Granite Fund that maintains a near-consistent investment mix over time. We’ll redirect members’ contribution instructions for the Granite 2020 Funds to the Granite Retirement Fund. Changes to the Sun Life Financial Universe Bond Segregated Fund … As such, it seeks income and moderate long-term growth of capital. These are target-date funds that mature in 2035 or earlier and after 2030. The fund strives to achieve a return of 5-6% per annum over the course of a full business cycle, typically 3 to 5 years (before the deduction of management fees and expenses)1. Sun Life Global Investments Chief Investment Officer Sadiq S. Adatia discusses the positioning of our Sun Life Target Date Series of Funds with the … All rights reserved. Morningstar Financial Research conducts Analysis on Markets, Mutual Fund, Stocks and ETFs through Investment Data and News. We’ll be closing the Granite 2020 Funds to new members in June 2020. The Granite Multi-Risk Target Date Funds offer three distinct glidepaths based on risk tolerance: Conservative, Moderate and Aggressive. Sun Life Global Investments (SLGI) has announced an update to the maturity process for the Sun Life Granite® 2020 Target Date and Multi-Risk Target Date Segregated Funds (“Granite 2020 Funds”). The respective maturity dates for the Sun Life Milestone Funds is June 30 of the year in the corresponding fund's name. The Granite 2020 Funds will close and merge into the Granite Retirement Fund in June 2024. Plan members can use capital losses to offset capital gains realized from other income during the year, capital gains reported in the last three years, or reduce future capital gains. Sun Life Financial Granite Target Date Funds Sun Life Financial Granite Multi-Risk Target Date Funds. 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