The Sun Life Granite funds are a suite of multi-manager solutions designed to help plan members save for their retirement. A 25 year-old man who plans to retire at age 65 will likely choose a fund dated 40 years out. Investing in mutual funds such as Sun Life may seem like a challenging task, but doing a little research and knowing your investing goals makes it easier. A sample of approximate holdings (as of Aug. 31, 2020) with a target date of 2045 demonstrates this point. But that’s only the first step on the road to achieving your retirement savings objectives. The mix of individual securities in each fund may also vary considerably. now. Each spring, Sun Life Global Investments (SLGI) formally reviews the long-term strategic target allocations for the Sun Life Granite Series of Target Date Funds, Sun Life Granite Series of Multi-Risk Target Date Funds and Sun Life Granite Target Risk Funds. The objective is to enhance return consistency relative to the broad global bond benchmark. Plan sponsors may wish to consider whether this investment news has any implications for the investment options available within their plans. Beginning of dialog window. Neither asset allocation nor diversification ensures a profit or guarantees against loss. Each spring, Sun Life Global Investments (SLGI) formally reviews the long-term strategic target allocations for the Sun Life Granite Series of Target Date Funds, Sun Life Granite Series of Multi-Risk Target Date Funds and Sun Life Granite Target Risk Funds. After selecting one of the four LifeStrategy Funds based on your investment goals, investing time horizon, and risk tolerance (determine your risk tolerance by completing our TORONTO, Sept. 21 2009 – In just four years of offering lifecycle target date funds to Canadian employers and employees, the combined assets of target date funds available to group plans administered by Sun Life Financial are now more than $1 billion. It seeks to do this by investing primarily in a diversified portfolio of global fixed income securities. They may also soften the downside of tough markets - especially as retirement appears on the horizon. Videos. The performance data shown in tables and graphs on this page is calculated in USD of the fund/index/average (as applicable), on a Bid To Bid / Nav to Nav basis, with gross dividends re-invested on ex-dividend date. The GRS Investment Solutions team has reviewed the changes with SLGI and is comfortable with them. The Opportunistic Fixed Income Fund is sub-advised by Wellington Management Canada ULC, a subsidiary of Wellington Investment Advisors Holdings LLP (“Wellington”). © Sun Life Assurance Company of Canada. To reach your destination successfully, you have to invest your money effectively over time. Talk to your advisor or find one near you - there is no cost to talk to an advisor. 1,572 total views, 3 views today. First, they have to grow savings by managing decades of risks and returns. Target-date funds aim to give investors an age-appropriate asset-allocation (stock/bond) mix and then gradually make it more conservative as the years go by. Here’s how we can help you. The closer you get to the maturity date, the more your fund will be weighted towards bonds and cash and away from stocks. Awards and recognition we’ve received. Target-date funds are mutual fund or exchange-traded funds (ETFs) structured to grow assets in a way that is optimized for a specific time frame. In August 2018, we discovered that Sun Life Global Investments Canada (SLGI) submitted incorrect benchmark returns to Morningstar® for the months of April, May and June 2018 for the two series of segregated funds below (the Funds): Sun Life Financial Granite Target Date Funds Sun Life Financial Granite Multi-Risk Target Date Funds. The fund invests in inflation-linked bonds opportunistically, to preserve capital at different points in the economic cycle. Select the Target Risk Fund that most closely matches your risk profile. Achieving Success with Target Date Funds 7 ways target-date funds could be better Why young investors should fall in love with target-date funds. The target date in the funds name is the approximate date an investor plans to start withdrawing money. However, that doesn’t mean you can completely “set and forget” your retirement savings until it’s time to cash in your chips. As the target All rights reserved. While his contributions may initially be heavily weighted towards equities, the asset mix will shift over the course of his career. Each of the Funds’ respective benchmarks have been modified effective April 1, 2020 to reflect the above-mentioned changes. For example, a younger worker hoping to retire in 2065 would choose a target-date 2065 fund, while an older worker hoping to retire in 2025 would choose a target-date 2025 fund. U.S. equity will go from 33.3% to 35.0%, and international equity plus emerging markets from 33.3% to 35.0%. The target date fund choice for 20% of Fortune 100 companies * “On the forefront of the target-date industry” according to Morningstar; Target date funds have more than one job to do. The first challenge with target-date funds is that all funds are not created equal. First, they have to grow savings by managing decades of risks and returns.  The Sun Life Granite Multi-Risk Targ et Date Funds were negative in Q4  Maintained overweight position in U.S. equities  Reduced exposure to EAFE equities  Added exposure to emerging market equities  Increased cash levels in the Funds  Reduced high yield and emerging market bond exposure Investors often find a year-end rally in their Christmas stocking. Escape will cancel and close the window. Plan sponsors may wish to consider whether this investment news has any implications for the investment options available within their plans. Previously, Greg was the Head of iShares Equity Portfolio Management team within BlackRock's Index Equity team where he was responsible for overseeing the management of the Americas listed iShares equity funds. Fund performance data Since you need to understand how your investments are performing at all times, we’ve collected all the fund details in one place, organized and grouped for your convenience.Here you can view all the up-to-date information about our funds, including fund facts, performance, codes and other relevant details. Enhancements to the Granite Series Target Date and Target Risk funds – April 4, 2016. Like a jet on autopilot, target date funds do all of the driving. Sun Life Financial introduced the first lifecycle target date funds with a guarantee for employer-sponsored group retirement savings plans in Canada in April 2005 . Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers. Partnering with Sun Life for a Brighter Future. Whether you decide to invest all or part of your retirement savings in a target-date fund is a personal decision. This movement is called the fund’s glide path. Fund Sun Life Global Investments adds new 2060 funds to Granite Target Date and Multi-Risk Target Date Fund series. LSC will close in 2022 for the 2025 fund. At Sun Life, we’re proud to see the results of our commitment to excellence around the world. These are target-date funds that mature in 2030 or earlier and after 2025. They're ideal for investments of at least 10 years. As the fund nears the target date, it gradually gets more conservative, shifting from a larger allocation in stocks and into bonds and cash. You should review your retirement projections with your financial advisor annually to ensure they are still realistic. Despite having a common maturity date, TDFs can have significant differences. These are target-date funds that mature in 2035 or earlier and after 2030. Learn more about Sun Life Prosperity Funds. Beginning of dialog window. Sign up for FREE personalized tips, tools and offers. Download it today. You can include a TDF in your individual RRSP, or choose to invest in one through your workplace plan. Make well-informed decisions with helpful advice. For example, how and when the asset mix transitions from mostly equities to a higher fixed-income component (called the “glidepath”) can vary dramatically among funds. Register The Wellington Fund’s investment objective is to seek long-term capital appreciation and income. Given a specified target date (the anticipated retirement date of the DC plan member), the allocation to stocks and bonds is determined by a glide path. MFS was founded in 1924. A study in late 2008 by Deloitte and the Investment Company Institute showed that 72% of defined contribution plans (e.g., 401k plans) offered target-date funds. now the largest manager of U.S. target-date fund assets in the industry, as investors have gravitated to the company’s low-cost, index-based approach***. SLGI anticipates that the broader credit exposure may help enhance yield and diversification. We set strict guidelines and rules about how we do business. - (9:54) A case study of the benefits of plan design changes - (11:38) Sun Life… Following a glide path, the Fund … He is responsible for overseeing the management of the LifePath Target Date Funds as well as a wide range of fund of funds for both Institutional and Defined Contribution clients. By signing in, you agree to these terms and conditions. Learn more about privacy and how we collect data to give you relevant content. With our LifeStrategy Funds you assume more responsibility. Target Date Funds: America’s #1 Retirement Investment Dual View You may discover that you need to contribute more or work longer to finance the standard of living you’re looking for in retirement. This fund has been automatically added to your fund line-up, since you currently offer the Fidelity ClearPath® target date fund series. Changes to the Sun Life Financial Universe Bond Segregated Fund – … You can buy some of our insurance products online. 7 Wall Street analysts have issued ratings and price targets for Sun Life Financial Inc. (SLF.TO) in the last 12 months. … The Vanguard Group, Inc. manages nearly US$358 billion of target-date assets and experienced more than US$56 billion cash flow into its target date mutual funds and collective trusts in 2015. By his projected retirement date, the equity component will be reduced significantly. To know more about these funds, consult a Sun Life Financial Advisor, visit http://www.sunlifefunds.com/, or call 849-9888. Target Income Portfolios. You’ve opened a registered retirement savings plan (RRSP) or joined the company-sponsored savings plan and you’re making regular contributions. Past performance is not necessarily a guide to future performance; unit prices may fall as well as rise. Changes to the Beutel Goodman Fixed Income team – April 4, 2016. BlackRock’s history with target-date funds stretches back to the 1990s, but most importantly, the firm has remained steadfast in evolving its target-date options Designed for investors who anticipate retiring in or within a few years of the portfolio’s target retirement year at or around age 65. A TDF automatically resets the asset mix of stocks, bonds and cash equivalents in your portfolio in relation to a selected date closest to the date you plan to retire. Life-cycle funds are also known as "age-based funds" or "target-date retirement funds." Specifically, SLGI has replaced all current investments in the Templeton Global Bond Fund with the Sun Life Opportunistic Fixed Income Fund. As the first target date fund, LifePath has seen investors through more market ups and downs than any other target date fund. Note that this change is not applicable to the Sun Life Granite Target Date series of Funds because they already offer broad credit exposure. Vanguard offers mutual funds for target retirement dates for every five years from 2020 to 2065. We’re here to support you through COVID-19. The Sun Life Prosperity Achiever Funds will officially be launched to the investing public in January 2019. Take charge of retirement savings by learning the pros and cons of target-date funds, also called life-cycle funds, and how they fit into your portfolio. BlackRock Asset Management Canada Limited (BlackRock) has added a 2060 fund to its LifePath® target date fund suite. The safety and security of Client data is one of our top priorities. Available in Target Date, Multi-Risk Target Date, Target Risk and Income strategies—all Granite funds offer broad diversification with … SLG MyFuture Fund is a target date fund that invests primarily in high-quality stocks and a mix of government and domestic corporate debt in accordance with an asset allocation strategy that promotes capital appreciation at the onset to maximize earning potential in the earlier years and shifts to wealth preservation to reduce exposure to risk as the maturity of the fund approaches. CI making special payments to investors in selected funds – April 18, 2016. Following the 2020 review, SLGI has announced the following changes to the three fund series. Some funds also offer the opportunity to lock in a specific asset mix (such as 25% equities, 75% fixed income) to extend past the target date and into your retirement. This makes investing a viable opportunity to build and grow wealth for our financial goals. Investment news and analysis for financial advisers. When logged in, under the Administration and reporting tab, select Group Retirement Services, then on the top navigation menu select Investments > Governance reports. Introducing The Merriman Ultimate Target-Date Portfolios Target Date Funds: America’s #1 Retirement Investment. Sign-in help If you are uncomfortable with risk, you may want to look at a TDF that offers a guaranteed maturity value. 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). I understand I can unsubscribe at any time and acknowledge that this email address belongs to me. The allocation within international equities will change as shown below: SLGI announced the addition of a bottom-up, core plus mandate that they expect will broaden the opportunity set in Canadian bonds. Also Monday, Sun Life reported that the combined assets of target date funds available to group plans administered by the company are now more than $1 billion. Target-date funds work by rebalancing the asset allocation throughout the fund’s life until it hits the target date. Follow her @SherylSmolkin. Target Wealth: The Evolution of Target Date Funds 5 3vestment problem The in In the most basic TDF, there are only two possible investments: a bond index and an equity index. It will take some time to update our websites, materials and forms and until that is complete, all references to Sun Life Global Investments (Canada) Inc. … Higher returns with target date funds *Includes all Target Date Funds offered on the Sun Life Group Retirement Services investment platform. Whether you decide to invest all or part of your retirement savings in a target-date fund is a personal decision. BlackRock Asset Management Canada Limited (BlackRock) has announced an update to the maturity process for the BlackRock LifePath® Index 2020 Fund (LifePath 2020 Fund). The popularity of target-date funds was sparked by the Pension Protection Act signed by President Bush in 2006. 3 Effective May 24, 2019, the Sun Life Multi-Strategy Target Return fund changed investment objective and sub-advisor to become the Sun Life Opportunistic Fixed Income Fund (sub-advised by Wellington). The maturity date for a Sun Life Milestone Fund may be accelerated in certain circumstances, in which case an accelerated Guaranteed Value will be calculated. Take a deeper look at the Sun Life Granite Managed Solutions. It has been managing investments since 1928. Their average twelve-month price target is C$61.31, predicting that the stock has a possible upside of 7.24%. The Sun Life executive further elaborates suggesting “It helps to get people investing right away and automatically reduces their investment risk over time.” Most importantly, Sun Life has found that the longer you are invested in target date funds, the better the performance compared to other investment choices. Kevin Strain will take over as president and CEO of Sun Life Financial in 2021. Wellington is one of the largest fund managers in the world with over $US 1 trillion in AUM. Sun Life Granite Income Portfolio. Sun Life Capital Management (Canada) Inc. (“SLC”) is the sub-advisor of the core plus bond fund. 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