Sun Life Assurance Company of Canada · 2011-10-03 · Fund Fact Sheets – September 2011 ... * The estimated MER for Class A includes an estimated HST rate of 10%. The actual HST

issued by Sun Life Assurance Company of Canadamanaged by CI Investments Inc.

Sun Life Assurance Company of CanadaFund Fact Sheets – September 2011

Including SunWise Elite Plus

Table of Contents

SunWise Elite CI Signature Corporate Bond Corporate Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F-1

SunWise Elite CI Harbour Core Bundle . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F-5

SunWise Elite CI Signature Core Bundle . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F-9

SunWise Elite CI Cambridge Core Bundle . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F-13

SunWise Elite Fidelity Disciplined Core Bundle . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F-17

SunWise Elite Dynamic Core Bundle . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F-21

SunWise Elite Select Income Advantage Managed Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F-26

SunWise Elite CI American Value Core Bundle . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F-30

SunWise Elite CI Cambridge Global Equity Core Bundle . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F-34

SunWise Elite CI Canadian Investment Core Bundle . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F-38

SunWise Elite CI Signature Dividend Core Bundle . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F-42

SunWise Elite CI Synergy Canadian Core Bundle . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F-46

SunWise Elite Fidelity NorthStar Core Bundle . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F-50

SunWise Elite Fidelity True North Core Bundle . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F-54

SunWise Elite RBC Canadian Dividend Core Bundle . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F-58

F-1

Quick Facts

Class option Elite Elite Plus

Minimum investment per Contract $500 $25,000

Minimum investment per Fund Class $500 $500

Minimum for additional purchases $100 $100

Monthly minimum of pre-authorized chequing $50 $50

Net asset value per Units Number of Units outstanding

Class A – $10.00Class B – $10.73Class C – $10.74

Class A – 0 UnitsClass B – 1,365,895 UnitsClass C – 315,208 Units

Date Fund created (Class B & C): January 2010Total value as of December 31, 2010: $18,039,277Portfolio manager: Geof Marshall, John Shaw and James DutkiewiczEstimated management expense ratio (MER)*: 2.27% to 2.57%Portfolio turnover rate: 3.6%

What does the Fund invest in?The Fund invests in the Signature Corporate Bond Corporate Class. The Underlying Fund invests mostly in corporate bonds from around the world.

Top 10 holdings of the Underlying Fund as of December 31, 2010

Cash & Equivalents 1.5%International Lease Finance Corp., 8.75% 03/15/2017 1.2%Royal Bank of Canada 3.66% 01/25/2017 1.1%Teck Resources Ltd., 10.75% 05/15/2019 1.0%CB Richard Ellis Services Inc., 11.625% 06/15/2017 1.0%Lincoln National Corp., Callable 7% 05/17/2066 1.0%Harvest Operations Corp., 6.875% 10/01/2017 1.0%Multiplan Inc., 9.875% 09/01/2018 0.9%National Money Mart Co., 10.375% 12/15/2016 0.9%Digicel Group Ltd., 12% 04/01/2014 0.8%Total 10.4%Total number of investments: 319

Sector Allocation

Corporate Bonds 93.3%Other Assets 3.0%Cash & Equivalents 1.5%Canadian Government Bonds 1.1%

Asset Backed Securities 0.7%Foreign Government Bonds 0.3%Financials 0.1%

Geographic AllocationCanada 42.0%U.S.A. 40.2%Cash, Equivalents & Other 7.6%U.K. 2.2%Bermuda 2.2%

Marshall Islands 1.6%Luxembourg 1.5%Germany 1.2%Mexico 0.8%Spain 0.7%

How has the Fund performed?

Average returns

The performance will be reported once it is in existence for more than one year.

Year-by-year returns (%)


How risky is it?

Very Low Low Low toModerate Moderate Moderate

to high High

The value of your investment can go down. For details, please refer to the Information Folder and Contract.

Are there any guarantees?This Segregated Fund is part of an insurance Contract. It comes with guarantees that may protect your money if the value goes down. The fees are summarized in the “Ongoing Fund expenses” section. For details, please refer to the Information Folder and Contract.

Who is this Fund for?This Fund may be suitable for contractholders if they:• want to receive income• are investing for the short and/or medium term.

Sun Life Assurance Company of CanadaSunWise Elite Segregated Funds

As of December 31, 2010

Fund Codes

Class A Class B Class CElite Elite Plus Elite Elite Plus Elite Elite Plus

ISC 7711 7711P 7611 7611P 7511 7511P

DSC 7761 7761P 7661 7661P 7561 7561P

SunWise Elite CI Signature Corporate Bond Corporate Fund

* The lower MER amount of 2.27% is an actual rate that includes taxes for Class C. The upper MER amount of 2.57% is an estimate for Class A and includes HST of 10%.

F-2


SunWise Elite CI Signature Corporate Bond Corporate Fund As of December 31, 2010

How much does it cost?The following tables show the fees and expenses you could pay to invest in or sell the Fund. For details, please refer to the Information Folder and Contract.

Sales charges

Sales charge option What you pay How it works

Initial Sales Charge (ISC) Up to 5% of the amount invested • You and your insurance advisor agree on the rate charged.• The Initial Sales Charge is deducted from the amount you buy. It goes to your

insurance advisor as a commission.

Deferred Sales Charge (DSC) If you sell within: Rate1 year of buying 5.5%2 years of buying 5.0%3 years of buying 5.0%4 years of buying 4.0%5 years of buying 4.0%6 years of buying 3.0%7 years of buying 2.0%After 7 years 0.0%

• The Deferred Sales Charge is a set rate. It is deducted from the amount you withdraw.

• When you invest in the Fund, we pay a commission of 5%. Any Deferred Sales Charge you pay goes to us.

• You can Redeem up to 10% of your Units of a Fund each year without a Deferred Sales Charge.

• Up to 20% of unused free Units can be carried forward. The maximum available free Units at any time is 30% of the current Unit Value.

• You can switch to Units of other DSC Funds under the insurance Contract without paying a Deferred Sales Charge.

• For details, please refer to the Information Folder and Contract.

Ongoing Fund expenses

The MER includes the management fee, operating expenses and insurance fees of the Fund. You do not pay the MER directly. It affects you because it reduces the return you get. For the Optional Riders, the fees will be charged to you by Redeeming some of your Units. For details, please refer to the Information Folder and Contract.

Class

MER* (annual rate

as a % of the Fund’s

value)

Annual insurance fee included in MER (annual rate as a %

of the market value of the Units)

Optional Riders

Guaranteed Minimum Withdrawal Benefit Fee

(annual rate as a % of the Remaining GWB)

4% Annual Automatic Death Benefit Reset

(annual rate as a % of the Total Contract Value)

Earnings Enhancement Benefit (annual rate as a % of the market value of

the Units)

Class A 2.57% 0.50% 0.35% 0.25% 0.30%

Class B 2.43% 0.40% 0.35% 0.25% 0.30%

Class C 2.27% 0.25% 0.35% 0.25% 0.30%

* The estimated MER for Class A includes an estimated HST rate of 10%. The actual HST rate is not known at this time and could be higher or lower than 10%. The MER for Class B and Class C are actual rates that include taxes.

F-3



Servicing Commission

We pay an annual servicing commission as long as you own the Fund. It is paid out of the management fee. The rate depends on the sales charge option you chose. For details, please refer to the Information Folder and Contract.

Annual service fee rate

Sales charge option DSC ISC

SunWise Elite CI Signature Corporate Bond Corporate Fund 0.25% 0.50%

Other fees

Fee What you pay

Early withdrawal fee 2% of the value of Units you sell or transfer within 30 business days of buying the Units. Money from the fee goes to the Fund.

Change fee Your insurance advisor may charge you up to 2% of the value of Units you switch to another Fund or Class.

For details, please refer to the Information Folder and Contract.

For more informationThis is a summary and may not contain all the information you need. There are details in the Contract that may lead to changes in this summary. Please make sure you read the Information Folder and Contract. For more information, please contact:

CI Investments Inc. on behalf of Sun Life Assurance Company of Canada15 York Street, 2nd Floor Toronto, Ontario, M5J 0A3 Phone: 1-800-792-9355Email: [email protected]

F-4



Fund Disclosure

Fund Objective To obtain long-term total return by obtaining exposure primarily to global fixed-income securities.

Fund Policy The Fund may achieve its investment objective by investing either directly in securities of issuers or indirectly through one or more Underlying mutual funds. The Fund currently invests substantially all of its assets in the Underlying Fund identified below.

Underlying Fund: Signature Corporate Bond Corporate Class

Objectives of Underlying Fund The fund’s investment objective is to achieve a yield advantage by using fundamental value analysis to evaluate investments. The fund will invest mainly in fixed-income securities that are investment grade and below investment grade.

Policies of Underlying Fund The portfolio advisor selects securities whose fundamental value it believes is not reflected in their credit ratings and yields. It first identifies companies that have the long-term ability to generate sufficient money to service their debt and reinvest in their business. The portfolio advisor also considers the impact of economic trends on interest rates and economic growth.

Fund Risk Factors

Interest RatesCredit QualityStocks

CurrencySpecializationClass

Foreign SecuritiesCorporate ClassesDerivatives

Fixed Income Weighting (%) GWB Fee Categorization Level

100 1

Management Fees, Insurance Fees and Insurance Fee Limits

Annual Insurance Fee (and limit) of the Class A Units of the Fund (%)

Annual Insurance Fee (and limit) of the Class B Units of the Fund

(%)

Annual Insurance Fee (and limit) of the Class C Units of the Fund

(%)

Annual Management Fee of all Classes of Units (except PMA

Units) of each Fund* (%)

0.50 (1.00) 0.40 (0.90) 0.25 (0.75) 1.60

* The management fees include the management fees charged in respect of the Underlying Fund.

F-5

Quick Facts








Class A – 0 UnitsClass B – 5,119,467 UnitsClass C – 1,433,621 Units

Date Fund created (Class B & C): January 2010Total value as of December 31, 2010: $70,705,199Portfolio manager: Multi-managerEstimated management expense ratio (MER)*: 2.96% to 3.89% Portfolio turnover rate: 20.4%

What does the Fund invest in?The Fund invests in the Harbour Corporate Class and Signature Corporate Bond Corporate Class. The Underlying Funds are combined to hold about 70% in shares and 30% in bonds.


Harbour Corporate Class 76.2%Signature Corporate Bond Corporate Class 23.7%Total 99.9%Total number of investments: 2

Sector Allocation

Corporate Bond 21.5%Financials 17.8%Energy 14.8%Materials 14.5%Cash 7.5%Information Technology 7.4%Industrials 6.2%

Consumer Discretionary 4.5%Consumer Staples 4.3%Other 0.6%Telecommunication Services 0.4%Government Bonds 0.3%Asset Backed 0.2%

Geographic AllocationCanada 52.7%United States 27.7%Cash 7.5%Australia 3.5%Britain 3.3%

Other 2.0%Taiwan 1.6%Switzerland 0.8%Bermuda 0.5%Marshall Islands 0.4%


Average returns




How risky is it?


to high High



Who is this Fund for?This Fund may be suitable for contractholders if they:• want to invest in equity securities, with a small amount of exposure

to income securities to mitigate short-term volatility• are investing for the medium and/or long term.



Fund Codes


ISC 7712 7712P 7612 7612P 7512 7512P

DSC 7762 7762P 7662 7662P 7562 7562PSunWise Elite CI Harbour Core Bundle


F-6


SunWise Elite CI Harbour Core BundleAs of December 31, 2010


Sales charges













Class

MER* (annual rate


value)



Optional Riders






the Units)

Class A 3.89% 1.30% 0.60% 0.25% 0.30%

Class B 3.34% 0.85% 0.65% 0.25% 0.30%

Class C 2.96% 0.50% 0.70% 0.25% 0.30%


F-7







SunWise Elite CI Harbour Core Bundle 0.50% 1.00%

Other fees

Fee What you pay






F-8


Fund Disclosure

Fund Objective To provide long-term capital growth and income with low to moderate volatility by obtaining exposure primarily to equity, equity-related and fixed-income securities of issuers located anywhere in the world.

Fund Policy The bundle may invest directly in securities or indirectly through the use of Underlying Funds. At this time the Fund invests most of the assets in the following Underlying Funds.

Underlying Funds: Harbour Corporate Class and Signature Corporate Bond Corporate Class

Objectives of Underlying Funds Harbour Corporate Class: To obtain maximum long-term capital growth.

Signature Corporate Bond Corporate Class: The fund’s investment objective is to achieve a yield advantage by using fundamental value analysis to evaluate investments. The fund will invest mainly in fixed-income securities that are investment grade and below investment grade.

Policies of Underlying Funds Harbour Corporate Class: It invests primarily in equity and equity-related securities of high quality, large and mid capitalization Canadian companies that the portfolio advisor believes have good potential for future growth.

Signature Corporate Bond Corporate Class: The portfolio advisor selects securities whose fundamental value it believes is not reflected in their credit ratings and yields. It first identifies companies that have the long-term ability to generate sufficient money to service their debt and reinvest in their business. The portfolio advisor also considers the impact of economic trends on interest rates and economic growth.

Fund Risk Factors


Currency Emerging MarketsSpecialization

ClassForeign SecuritiesCorporate Classes

Derivatives


30 3




(%)


(%)



1.30 (1.95) 0.85 (1.35) 0.50 (1.00) 2.00

* The management fees include the management fees charged in respect of the Underlying Funds.


F-9

Quick Facts








Class A – 0 UnitsClass B – 5,019,414 UnitsClass C – 1,407,206 Units

Date Fund created (Class B & C): January 2010Total value as of December 31, 2010: $70,912,438Portfolio manager: Multi-managerEstimated management expense ratio (MER)*: 2.99% to 3.89% Portfolio turnover rate: 30.2%

What does the Fund invest in?The Fund invests in the Signature Select Canadian Corporate Class and Signature Corporate Bond Corporate Class. The Underlying Funds are combined to hold about 70% in shares and 30% in bonds.


Signature Select Canadian Corporate Class 76.6%Signature Corporate Bond Corporate Class 23.3%Total 99.9%Total number of investments: 2

Sector Allocation

Corporate Bond 21.1%Energy 16.8%Financials 16.6%Materials 9.3%Industrials 7.3%Information Technology 6.3%Consumer Staples 5.3%Cash 5.1%

Health Care 3.3%Telecommunication Services 2.7%Consumer Discretionary 2.7%Other 2.4%Utilities 0.6%Government Bonds 0.3%Asset Backed 0.2%

Geographic AllocationCanada 46.3%United States 30.2%Other 6.7%Cash 5.1%Britain 4.0%

Switzerland 3.0%Netherlands 1.3%Germany 1.3%Bermuda 1.1%France 1.0%


Average returns




How risky is it?


to high High







Fund Codes


ISC 7714 7714P 7614 7614P 7514 7514P

DSC 7764 7764P 7664 7664P 7564 7564PSunWise Elite CI Signature Core Bundle


F-10


SunWise Elite CI Signature Core BundleAs of December 31, 2010


Sales charges













Class

MER* (annual rate


value)



Optional Riders






the Units)

Class A 3.89% 1.30% 0.60% 0.25% 0.30%

Class B 3.37% 0.85% 0.65% 0.25% 0.30%

Class C 2.99% 0.50% 0.70% 0.25% 0.30%


F-11







SunWise Elite CI Signature Core Bundle 0.50% 1.00%

Other fees

Fee What you pay






F-12


Fund Disclosure

Fund Objective To generate an above-average total return with a low to moderate risk by obtaining exposure primarily to equity, equity-related and fixed-income securities of issuers located anywhere in the world.


Underlying Funds: Signature Select Canadian Corporate Class and Signature Corporate Bond Corporate Class

Objectives of Underlying Funds Signature Select Canadian Corporate Class: To seek capital appreciation over the long term coupled with dividend income.


Policies of Underlying Funds Signature Select Canadian Corporate Class: 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.


Fund Risk Factors


Currency SpecializationClass



30 3




(%)


(%)



1.30 (1.95) 0.85 (1.35) 0.50 (1.00) 2.00



F-13

Quick Facts








Class A – 0 UnitsClass B – 894,425 UnitsClass C – 77,626 Units

Date Fund created (Class B & C): January 2010Total value as of December 31, 2010: $11,508,282Portfolio manager: Multi-managerEstimated management expense ratio (MER)*: 2.97% to 3.89%Portfolio turnover rate: 66.7%

What does the Fund invest in?The Fund invests in the Cambridge Canadian Equity Corporate Class and Signature Corporate Bond Corporate Class. The Underlying Funds are combined to hold about 70% in shares and 30% in bonds.


Cambridge Canadian Equity Corporate Class 73.2%Signature Corporate Bond Corporate Class 26.7%Total 99.9%Total number of investments: 2

Sector Allocation

Corporate Bond 24.2%Energy 18.8%Industrials 13.7%Information Technology 11.1%Financials 11.0%Materials 8.4%Health Care 3.9%

Consumer Discretionary 3.6%Cash 3.1%Consumer Staples 1.0%Other 0.6%Government Bonds 0.4%Asset Backed 0.2%

Geographic AllocationCanada 58.0%United States 25.5%Other 5.2%Cash 3.1%Japan 2.5%

Britain 2.3%Denmark 1.3%Jersey Island 0.8%Bermuda 0.6%Germany 0.6%


Average returns




How risky is it?


to high High







Fund Codes


ISC 7721 7721P 7621 7621P 7521 7521P

DSC 7771 7771P 7671 7671P 7571 7571PSunWise Elite CI Cambridge Core Bundle


F-14


SunWise Elite CI Cambridge Core BundleAs of December 31, 2010


Sales charges













Class

MER* (annual rate


value)



Optional Riders






the Units)

Class A 3.89% 1.30% 0.60% 0.25% 0.30%

Class B 3.34% 0.85% 0.65% 0.25% 0.30%

Class C 2.97% 0.50% 0.70% 0.25% 0.30%


F-15







SunWise Elite CI Cambridge Core Bundle 0.50% 1.00%

Other fees

Fee What you pay






F-16


Fund Disclosure

Fund Objective To generate long-term capital growth and income with a moderate risk by obtaining exposure primarily to equity, equity-related and fixed-income securities of issuers located anywhere in the world.


Underlying Funds: Cambridge Canadian Equity Corporate Class and Signature Corporate Bond Corporate Class

Objectives of Underlying Funds Cambridge Canadian Equity Corporate Class: To achieve long-term capital growth by investing, directly or indirectly, primarily in equity securities of Canadian companies. Indirect investments may include convertible securities, derivatives, equity-related securities and securities of other mutual funds.


Policies of Underlying Funds Cambridge Canadian Equity Corporate Class: The fund invests, directly or indirectly, primarily in equity securities of Canadian companies. Up to 49% of the fund’s assets may be invested in other types of securities and foreign securities. The portfolio advisor identifies companies that offer good value and the potential for growth in their industry and will also consider factors like market penetration, earnings estimates and quality of management.


Fund Risk Factors





30 3




(%)


(%)



1.30 (1.95) 0.85 (1.35) 0.50 (1.00) 2.00



F-17

Quick Facts










What does the Fund invest in?The Fund invests in the Fidelity Canadian Disciplined Equity® Fund, Fidelity Canadian Bond Fund and Fidelity Global Disciplined Equity® Fund. The Underlying Funds are combined to hold about 70% in shares and 30% in bonds.


Fidelity Canadian Disciplined Equity® Fund 52.3%Fidelity Canadian Bond Fund 26.8%Fidelity Global Disciplined Equity® Fund 20.5%Total 99.6%Total number of investments: 3

Fund Allocation

Fidelity Canadian Disciplined Equity® Fund 52.3%Fidelity Canadian Bond Fund 26.8%Fidelity Global Disciplined Equity® Fund 20.5%Canadian Dollars 0.4%


Average returns




How risky is it?


to high High







Fund Codes


ISC 7723 7723P 7623 7623P 7523 7523P

DSC 7773 7773P 7673 7673P 7573 7573PSunWise Elite Fidelity Disciplined Core Bundle


F-18


SunWise Elite Fidelity Disciplined Core BundleAs of December 31, 2010


Sales charges













Class

MER* (annual rate


value)



Optional Riders






the Units)

Class A 4.05% 1.30% 0.60% 0.25% 0.30%

Class B 3.51% 0.85% 0.65% 0.25% 0.30%

Class C 3.11% 0.50% 0.70% 0.25% 0.30%


F-19







SunWise Elite Fidelity Disciplined Core Bundle 0.50% 1.00%

Other fees

Fee What you pay






F-20


Fund Disclosure

Fund Objective The bundle aims to achieve long-term capital growth with a steady income flow from the fixed income portion by obtaining a global exposure primarily to equity, equity-related and fixed-income securities of issuers located anywhere in the world.

Fund Policy The Fund may achieve its investment objective by investing directly in securities of issuers or indirectly through one or more Underlying mutual funds. The Fund currently invests substantially all of its assets in the Underlying Funds identified below.

Underlying Funds: Fidelity Canadian Disciplined Equity® Fund, Fidelity Canadian Bond Fund and Fidelity Global Disciplined Equity® Fund

Objectives of Underlying Funds Fidelity Canadian Disciplined Equity® Fund: This fund aims to achieve long-term capital growth. It invests primarily in equity securities of Canadian companies.

Fidelity Canadian Bond Fund: This fund aims to provide a steady flow of income. It invests primarily in Canadian fixed-income securities.

Fidelity Global Disciplined Equity® Fund: This fund aims to achieve long-term capital growth. It invests primarily in equity securities of companies anywhere in the world.

Policies of Underlying Funds Fidelity Canadian Disciplined Equity® Fund: The fund aims to invest in the same sectors and in the same proportion as the S&P/TSX Capped Composite Index. Members of a team of analysts are assigned to each sector. They choose investments for their sector based on a thorough review of each company’s management, financial conditions and potential for earnings growth over the long term.

Fidelity Canadian Bond Fund: We use the DEX Universe Bond index as a guide to structuring the fund and selecting investments. We manage the fund to have similar overall interest rate risk to the index. We allocate the fund’s assets among different market sectors, like corporate or government securities, and different maturities based on our view of the relative value of each sector or maturity.

Fidelity Global Disciplined Equity® Fund: The fund aims to invest in sectors in approximately the same proportion as those sectors are represented in the MSCI All Country World Index. The fund also aims to invest in the regions represented in the MSCI All Country World Index, although not necessarily in the same proportions as those regions are represented in the index. Members of a team of portfolio managers choose investments based on a thorough review of each company’s management, financial condition and potential for earnings growth over the long term.

Fund Risk Factors


IlliquidityCurrency Emerging Markets

SpecializationClassForeign Securities

Corporate ClassesDerivatives


30 3




(%)


(%)



1.30 (1.95) 0.85 (1.35) 0.50 (1.00) 2.10



F-21

Quick Facts










What does the Fund invest in?The Fund invests in the Dynamic Canadian Value Class, Dynamic Global Dividend Value Class and Dynamic Canadian Bond Fund. The Underlying Funds are combined to hold about 70% in shares and 30% in bonds.


Dynamic Global Dividend Value Class 38.7%Dynamic Canadian Value Class 37.7%Dynamic Canadian Bond Fund 23.0%Total 99.4%Total number of investments: 3

Fund Allocation

Dynamic Global Dividend Value Class 38.7%Dynamic Canadian Value Class 37.7%Dynamic Canadian Bond Fund 23.0%Canadian Dollars 0.6%


Average returns




How risky is it?


to high High







Fund Codes


ISC 7724 7724P 7624 7624P 7524 7524P

DSC 7774 7774P 7674 7674P 7574 7574PSunWise Elite Dynamic Core Bundle


F-22


SunWise Elite Dynamic Core BundleAs of December 31, 2010


Sales charges













Class

MER* (annual rate


value)



Optional Riders






the Units)

Class A 4.05% 1.30% 0.60% 0.25% 0.30%

Class B 3.63% 0.85% 0.65% 0.25% 0.30%

Class C 3.22% 0.50% 0.70% 0.25% 0.30%


F-23







SunWise Elite Dynamic Core Bundle 0.50% 1.00%

Other fees

Fee What you pay






F-24


Fund Disclosure

Fund Objective The bundle seeks to achieve long-term capital growth and income with a low to moderate risk level by obtaining a broadly diversified exposure primarily to equity, equity-related and fixed-income securities of issuers located anywhere in the world.

Fund Policy The Fund may achieve its investment objective by investing directly in securities of issuers or indirectly through one or more Underlying mutual funds. The Fund currently invests substantially all of its assets in the Underlying Funds identified below.

Underlying Funds: Dynamic Canadian Value Class, Dynamic Global Dividend Value Class and Dynamic Canadian Bond Fund

Objectives of Underlying Funds Dynamic Canadian Value Class: The fund seeks to achieve long-term capital growth by investing primarily in equity securities of Canadian businesses.

Dynamic Global Dividend Value Class: The fund seeks to provide long-term capital growth through investment in a broadly diversified portfolio consisting primarily of equity securities of business located around the world.

Dynamic Canadian Bond Fund: The fund seeks to provide a portfolio with the minimum risk of income interruption and maximum income return primarily through investment in a diversified portfolio primarily of Canadian fixed-income securities including government and corporate bonds.

Policies of Underlying Funds Dynamic Canadian Value Class: Investment analysis for this fund follows a bottom-up approach, which emphasizes careful company specific analysis. Using a value investment approach, this fund invests in companies that represent good value based on current stock price relative to the company’s intrinsic value. Techniques such as fundamental analysis are used to assess growth and value potential. This means evaluating the financial condition and management of each company, its industry and the overall economy. As part of this evaluation, the portfolio adviser may:

• Analyze financial data and other information sources;• Assess the quality of management; and• Conduct company interviews, where possible.

Dynamic Global Dividend Value Class: To achieve its mandate, the fund will invest primarily in equity securities of businesses located around the world that have current or anticipated dividend policies that the portfolio adviser believes are an indicator of long-term growth potential. The fund generally uses a “value investment approach”. Investment analysis for the fund follows a bottom-up approach, which emphasizes careful company specific analysis. Using a value investment approach, the fund invests in companies that represent good value based on current stock price relative to the company’s intrinsic value. Techniques such as fundamental analysis may be used to assess growth and value potential. This means evaluating the financial condition and management of each company, its industry and the overall economy. As part of this evaluation, the portfolio adviser may:

• Analyze financial data and other information sources;• Assess the quality of management; and• Conduct company interviews, where possible.

Dynamic Canadian Bond Fund: The fund invests primarily in a diversified portfolio of Canadian fixed-income securities primarily issued by the federal or provincial governments and corporate bonds. A disciplined approach is used in managing risk as fixed-income securities are actively traded in response to movements in the level of bond yields and the shape of the yield curve. The portfolio adviser actively manages duration and sector weightings. Each trade is performed with consideration to the security’s risk/reward profile.

Techniques include:

• Managing portfolio duration and yield curve exposure based on fundamental and technical analysis of debt markets;• Adjusting sector weightings to enhance returns; and• Evaluating credit quality to create a portfolio of stable corporate bond holdings.


F-25


Fund Risk Factors


IlliquidityCurrency Specialization

ClassCorporate ClassesForeign Securities

Derivatives


30 3




(%)


(%)



1.30 (1.95) 0.85 (1.35) 0.50 (1.00) 2.10



F-26

What does the Fund invest in?The Fund invests in the Select Income Advantage Managed Corporate Class. The Underlying Fund invests mostly in bonds from around the world.


Cash & Equivalents 15.5%Government of Canada 3.75% 01JUN19 2.4%CapitaCommercial Trust 1.8%Government of Canada 2% 01SEP12 1.5%Government of Canada 5.75% 01JUN29 1.5%Transurban Group 1.5%H&R REIT Units 1.4%Government of Canada 4.25% 01JUN18 1.4%Government of Canada 1.25% 01JUN11 1.3%Chartwell Seniors REIT 1.3%Total 29.6%Total number of investments: 336

Sector Allocation

Financials 45.6%Industrials 27.8%Telecommunications Services 9.6%Utilities 9.3%

Consumer Discretionary 3.1%Other 2.6%Information Technology 2.0%

Geographic AllocationCanada 38.6%Cash & Others 22.3%United States of America 16.8%Australia 6.2%Emerging Mkts 4.2%

Singapore 3.7%France 2.3%Germany 2.1%Britain 2.1%Italy 1.7%


Average returns

This is a new Fund. The performance will be reported once it is inexistence for more than one year..


This is a new Fund. The performance will be reported once it is inexistence for more than one year.

How risky is it?


to high High



Who is this Fund for?This Fund may be suitable for contractholders if they:• want to receive income• are investing for the short and/or medium term.

Quick Facts



Fund Codes


ISC 9822 9822P 9722 9722P 9622 9622P

DSC 9872 9872P 9772 9772P 9672 9672P

SunWise Elite Select Income Advantage Managed Fund






* The estimated MER includes an estimated HST rate of 10%. The actual HST rate is not known at this time and could be higher or lower than 10%.



Class A – 0 UnitsClass B – 0 UnitsClass C – 0 Units

Date Fund created: September 2011Total value as of December 31, 2010: $0.00Portfolio manager: Multi-managerEstimated management expense ratio (MER)*: 2.54% to 2.76%Portfolio turnover rate: N/A

F-27


SunWise Elite Select Income Advantage Managed FundAs of December 31, 2010


Sales charges













Class

Estimated MER*

(annual rate as a % of the Fund’s

value)



Optional Riders






the Units)

Class A 2.76% 0.40% 0.35% 0.25% 0.30%

Class B 2.65% 0.30% 0.35% 0.25% 0.30%

Class C 2.54% 0.20% 0.35% 0.25% 0.30%


F-28







SunWise Elite Select Income Advantage Managed Fund 0.50% 1.00%

Other fees

Fee What you pay






F-29


Fund Disclosure

Fund Objective To provide exposure to a diversified portfolio of primarily investment-grade fixed-income securities issued by governments and corporations in Canada and globally.

Fund Policy The Fund may invest directly in securities or indirectly through the use of Underlying Fund. At this time the Fund invests most of the assets in the following Underlying Fund.

Underlying Fund: Select Income Advantage Managed Corporate Class

Objectives of Underlying Fund Select Income Advantage Managed Corporate Class: To provide exposure to a diversified portfolio of income-generating securities in a manner that is similar to holding multiple income-generating funds.

Policies of Underlying Fund Select Income Advantage Managed Corporate Class: The fund invests primarily in investment-grade fixed-income securities issued by governments and corporations in Canada and globally. The fund may invest up to 50% in other income-generating securities such as preferred shares, common shares and real estate investment trusts.

Fund Risk Factors





100 1




(%)


(%)



0.40 (0.90) 0.30 (0.80) 0.20 (0.70) 1.90

* The management fees include the management fees charged in respect of the Underlying Fund.


F-30

What does the Fund invest in?The Fund invests in the CI American Value Corporate Class and Signature Corporate Bond Corporate Class. The Underlying Funds are combined to hold about 70% in shares and 30% in bonds.

This is a new bundle. The holdings and allocations will be reported once it is in existence for more than a year.


Average returns

This is a new bundle. The performance will be reported once it is in existence for more than one year.



How risky is it?


to high High





Quick Facts



Fund Codes


ISC 9823 9823P 9723 9723P 9623 9623P

DSC 9873 9873P 9773 9773P 9673 9673PSunWise Elite CI American Value Core Bundle











F-31


SunWise Elite CI American Value Core BundleAs of December 31, 2010


Sales charges













Class

Estimated MER*


value)



Optional Riders






the Units)

Class A 3.91% 1.30% 0.60% 0.25% 0.30%

Class B 3.41% 0.85% 0.65% 0.25% 0.30%

Class C 3.03% 0.50% 0.70% 0.25% 0.30%

The estimated MER includes an estimated HST rate of 10%. The actual HST rate is not known at this time and could be higher or lower than 10%.

F-32







SunWise Elite CI American Value Core Bundle 0.50% 1.00%

Other fees

Fee What you pay






F-33


Fund Disclosure

Fund Objective To obtain long-term capital growth and income by obtaining exposure primarily to equity and equity-related securities of high quality undervalued companies in the United States. It also invests in fixed-income securities that are investment grade or below investment grade of issuers located anywhere in the world.


Underlying Funds: CI American Value Corporate Class and Signature Corporate Bond Corporate Class

Objectives of Underlying Funds CI American Value Corporate Class: To achieve long-term capital growth by investing primarily in a broadly diversified portfolio of American equity securities.


Policies of Underlying Funds CI American Value Corporate Class: To achieve its objective, the portfolio advisor:

• invests primarily in common shares of larger U.S. companies;• uses a disciplined value style. The portfolio advisor focuses on companies that are considered undervalued

in relation to their future prospects and offer good absolute and relative value as characterized by measures such as lower than average price/book and price/earnings, and higher-than-average dividend yield as compared to the overall market;

• uses a disciplined, bottom-up stock selection process to evaluate a company’s current position and future prospects;

• may invest in companies located outside of the U.S.;• may invest in corporate debt and/or convertible securities.


Fund Risk Factors





30 3




(%)


(%)



1.30 (1.95) 0.85 (1.35) 0.50 (1.00) 2.00



F-34

What does the Fund invest in?The Fund invests in the Cambridge Global Equity Corporate Class and Signature Corporate Bond Corporate Class. The Underlying Funds are combined to hold about 70% in shares and 30% in bonds.



Average returns




How risky is it?


to high High





Quick Facts



Fund Codes


ISC 9824 9824P 9724 9724P 9624 9624P

DSC 9874 9874P 9774 9774P 9674 9674P

SunWise Elite CI Cambridge Global Equity Core Bundle











F-35


SunWise Elite CI Cambridge Global Equity Core BundleAs of December 31, 2010


Sales charges













Class

Estimated MER*


value)



Optional Riders






the Units)

Class A 3.92% 1.30% 0.60% 0.25% 0.30%

Class B 3.42% 0.85% 0.65% 0.25% 0.30%

Class C 3.04% 0.50% 0.70% 0.25% 0.30%


F-36







SunWise Elite CI Cambridge Global Equity Core Bundle 0.50% 1.00%

Other fees

Fee What you pay






F-37


Fund Disclosure

Fund Objective To achieve long-term capital growth and income by obtaining exposure primarily to equity, equity-related and fixed-income securities. It invests in securities that are located anywhere in the world.


Underlying Funds: Cambridge Global Equity Corporate Class and Signature Corporate Bond Corporate Class

Objectives of Underlying Funds Cambridge Global Equity Corporate Class: To achieve long-term capital growth by investing, directly or indirectly, primarily in equity securities of companies located anywhere in the world. Indirect investments may include convertible securities, derivatives, equity-related securities and securities of other mutual funds.


Policies of Underlying Funds Cambridge Global Equity Corporate Class: The fund invests, directly or indirectly, primarily in equity securities of companies located anywhere in the world. The fund may make investments in any country, including emerging markets or emerging industries of any market and may invest in other securities. The portfolio advisor identifies companies that offer good value and the potential for growth in their industry and will also consider factors like market penetration, earnings estimates and quality of management.


Fund Risk Factors


Currency Emerging MarketsSpecialization

ClassForeign SecuritiesCorporate Classes

Derivatives


30 3




(%)


(%)



1.30 (1.95) 0.85 (1.35) 0.50 (1.00) 2.00



F-38

What does the Fund invest in?The Fund invests in the CI Canadian Investment Corporate Class and Signature Corporate Bond Corporate Class. The Underlying Funds are combined to hold about 70% in shares and 30% in bonds.



Average returns




How risky is it?


to high High





Quick Facts



Fund Codes


ISC 9825 9825P 9725 9725P 9625 9625P

DSC 9875 9875P 9775 9775P 9675 9675PSunWise Elite CI Canadian Investment Core Bundle











F-39


SunWise Elite CI Canadian Investment Core BundleAs of December 31, 2010


Sales charges













Class

Estimated MER*


value)



Optional Riders






the Units)

Class A 3.89% 1.30% 0.60% 0.25% 0.30%

Class B 3.40% 0.85% 0.65% 0.25% 0.30%

Class C 3.01% 0.50% 0.70% 0.25% 0.30%


F-40







SunWise Elite CI Canadian Investment Core Bundle 0.50% 1.00%

Other fees

Fee What you pay






F-41


Fund Disclosure

Fund Objective To obtain long-term capital growth and income by obtaining exposure primarily to equity securities of major Canadian corporations. It also invests in fixed-income securities that are investment grade or below investment grade of issuers located anywhere in the world.


Underlying Funds: CI Canadian Investment Corporate Class and Signature Corporate Bond Corporate Class

Objectives of Underlying Funds CI Canadian Investment Corporate Class: To achieve long-term capital growth by investing primarily in shares of major Canadian companies.


Policies of Underlying Funds CI Canadian Investment Corporate Class: To achieve its objective, the portfolio advisor:

• invests primarily in the securities of the largest companies (by capitalization) listed on the Toronto Stock Exchange;

• manages in a disciplined value style, focusing on companies that are considered to be undervalued in relation to their future prospects and offer good absolute and relative value characterized by measures such as lower-than average price/book and price/earnings, and higher-than-average dividend yield;

• uses a disciplined, bottom-up stock selection process to evaluate a company’s current position and future prospects;

• may invest in foreign securities.


Fund Risk Factors





30 3




(%)


(%)



1.30 (1.95) 0.85 (1.35) 0.50 (1.00) 2.00



F-42

What does the Fund invest in?The Fund invests in the Signature Dividend Corporate Class and Signature Corporate Bond Corporate Class. The Underlying Funds are combined to hold about 70% in shares and 30% in bonds.



Average returns




How risky is it?


to high High





Quick Facts



Fund Codes


ISC 9826 9826P 9726 9726P 9626 9626P

DSC 9876 9876P 9776 9776P 9676 9676PSunWise Elite CI Signature Dividend Core Bundle











F-43


SunWise Elite CI Signature Dividend Core BundleAs of December 31, 2010


Sales charges













Class

Estimated MER*


value)



Optional Riders






the Units)

Class A 3.89% 1.30% 0.60% 0.25% 0.30%

Class B 3.40% 0.85% 0.65% 0.25% 0.30%

Class C 3.01% 0.50% 0.70% 0.25% 0.30%


F-44







SunWise Elite CI Signature Dividend Core Bundle 0.50% 1.00%

Other fees

Fee What you pay






F-45


Fund Disclosure

Fund Objective To generate a high level of dividend and interest income and preserve capital. It invests primarily in preferred shares, dividend paying common shares and fixed-income securities. Issuers can be located anywhere in the world, but with a Canadian focus.


Underlying Funds: Signature Dividend Corporate Class and Signature Corporate Bond Corporate Class

Objectives of Underlying Funds Signature Dividend Corporate Class: To generate a high level of dividend income and to preserve capital.


Policies of Underlying Funds Signature Dividend Corporate Class: It invests primarily in preferred shares and dividend paying common shares of Canadian companies. It may also invest in other common shares, fixed-income securities and income trusts. The fund may also invest in foreign securities.


Fund Risk Factors



Foreign Securities Corporate Classes Derivatives


30 3




(%)


(%)



1.30 (1.95) 0.85 (1.35) 0.50 (1.00) 2.00



F-46

What does the Fund invest in?The Fund invests in the Synergy Canadian Corporate Class and Signature Corporate Bond Corporate Class. The Underlying Funds are combined to hold about 70% in shares and 30% in bonds.



Average returns




How risky is it?


to high High





Quick Facts



Fund Codes


ISC 9827 9827P 9727 9727P 9627 9627P

DSC 9877 9877P 9777 9777P 9677 9677PSunWise Elite CI Synergy Canadian Core Bundle











F-47


SunWise Elite CI Synergy Canadian Core BundleAs of December 31, 2010


Sales charges













Class

Estimated MER*


value)



Optional Riders






the Units)

Class A 3.89% 1.30% 0.60% 0.25% 0.30%

Class B 3.40% 0.85% 0.65% 0.25% 0.30%

Class C 3.01% 0.50% 0.70% 0.25% 0.30%


F-48







SunWise Elite CI Synergy Canadian Core Bundle 0.50% 1.00%

Other fees

Fee What you pay






F-49


Fund Disclosure

Fund Objective To obtain long-term capital growth and income by obtaining exposure primarily to equity and equity-related securities located anywhere in the world, but with a Canadian focus. It also invests in fixed-income securities that are investment grade or below investment grade of issuers located anywhere in the world.


Underlying Funds: Synergy Canadian Corporate Class and Signature Corporate Bond Corporate Classs

Objectives of Underlying Funds Synergy Canadian Corporate Class: To seek long-term capital growth by investing primarily in equity and equity related securities of Canadian companies that represent the growth style. The fund may also invest in foreign securities.


Policies of Underlying Funds Synergy Canadian Corporate Class: The Underlying Fund invests using a momentum style. Momentum managers invest in companies that are changing for the better and whose underlying fundamentals are improving more rapidly than the overall stock market. They typically have a shorter investment horizon than other types of fund managers. They seek to be rewarded by significant upward movements in stock prices that can occur over shorter time periods.


Fund Risk Factors



ClassForeign Securities Corporate Classes

Derivatives


30 3




(%)


(%)



1.30 (1.95) 0.85 (1.35) 0.50 (1.00) 2.00



F-50

Quick Facts










What does the Fund invest in?The Fund invests in the Fidelity NorthStar® Fund and Fidelity Canadian Bond Fund. The Underlying Funds are combined to hold about 70% in shares and 30% in bonds.



Average returns




How risky is it?


to high High







Fund Codes


ISC 9829 9829P 9729 9729P 9629 9629P

DSC 9879 9879P 9779 9779P 9679 9679PSunWise Elite Fidelity NorthStar Core Bundle


F-51


SunWise Elite Fidelity NorthStar Core BundleAs of December 31, 2010


Sales charges













Class

Estimated MER*


value)



Optional Riders






the Units)

Class A 4.07% 1.30% 0.60% 0.25% 0.30%

Class B 3.58% 0.85% 0.65% 0.25% 0.30%

Class C 3.19% 0.50% 0.70% 0.25% 0.30%


F-52







SunWise Elite Fidelity NorthStar Core Bundle 0.50% 1.00%

Other fees

Fee What you pay






F-53


Fund Disclosure

Fund Objective To achieve long-term capital growth and income by obtaining exposure primarily to global equities and some fixed-income securities of issuers located anywhere in the world.


Underlying Funds: Fidelity NorthStar® Fund and Fidelity Canadian Bond Fund

Objectives of Underlying Funds Fidelity NorthStar® Fund: To achieve maximum long-term capital growth.

Fidelity Canadian Bond Fund: To provide a steady flow of income. It invests primarily in Canadian fixed-income securities.

Policies of Underlying Funds Fidelity NorthStar® Fund: It invests primarily in equity securities of companies anywhere in the world.

Fidelity Canadian Bond Fund: The DEX Universe Bond index is used as a guide to structuring the fund and selecting investments. The fund is managed to have similar overall interest rate risk to the index. The fund’s assets are allocated among different market sectors, like corporate or government securities and different maturities based on our view of the relative value of each sector or maturity. When buying and selling fixed-income securities, the security’s features are analyzed, its current price compared to its estimated long-term value, the credit quality of the issuer and any short-term trading opportunities resulting from market inefficiencies. The fund may invest up to approximately 30% of its assets in foreign securities.

Fund Risk Factors



ClassForeign SecuritiesDerivatives


30 3




(%)


(%)



1.30 (1.95) 0.85 (1.35) 0.50 (1.00) 2.10



F-54

What does the Fund invest in?The Fund invests in the Fidelity True North® Fund and Fidelity Canadian Bond Fund. The Underlying Funds are combined to hold about 70% in shares and 30% in bonds.



Average returns




How risky is it?


to high High





Quick Facts



Fund Codes


ISC 9830 9830P 9730 9730P 9630 9630P

DSC 9880 9880P 9780 9780P 9680 9680PSunWise Elite Fidelity True North Core Bundle











F-55


SunWise Elite Fidelity True North Core BundleAs of December 31, 2010


Sales charges













Class

Estimated MER*


value)



Optional Riders






the Units)

Class A 4.05% 1.30% 0.60% 0.25% 0.30%

Class B 3.55% 0.85% 0.65% 0.25% 0.30%

Class C 3.17% 0.50% 0.70% 0.25% 0.30%


F-56







SunWise Elite Fidelity True North Core Bundle 0.50% 1.00%

Other fees

Fee What you pay






F-57


Fund Disclosure

Fund Objective To achieve long-term capital growth and income by obtaining exposure primarily to equity in Canadian companies and some fixed-income securities of issuers located anywhere in the world.


Underlying Funds: Fidelity True North® Fund and Fidelity Canadian Bond Fund

Objectives of Underlying Funds Fidelity True North® Fund: To obtain long-term capital growth.

Fidelity Canadian Bond Fund: To provide a steady flow of income. It invests primarily in Canadian fixed-income securities.

Policies of Underlying Funds Fidelity True North® Fund: It invests primarily in equity securities of Canadian companies.

Fidelity Canadian Bond Fund: The DEX Universe Bond index is used as a guide to structuring the fund and selecting investments. The fund is managed to have similar overall interest rate risk to the index. The fund’s assets are allocated among different market sectors, like corporate or government securities and different maturities based on our view of the relative value of each sector or maturity. When buying and selling fixed-income securities, the security’s features are analyzed, its current price compared to its estimated long-term value, the credit quality of the issuer and any short-term trading opportunities resulting from market inefficiencies. The fund may invest up to approximately 30% of its assets in foreign securities.

Fund Risk Factors


Currency Specialization Class

Foreign Securities Derivatives


30 3




(%)


(%)



1.30 (1.95) 0.85 (1.35) 0.50 (1.00) 2.10



F-58

What does the Fund invest in?The Fund invests in the RBC Canadian Dividend Fund and Phillips, Hager & North Bond Fund. The Underlying Funds are combined to hold about 70% in shares and 30% in bonds.



Average returns




How risky is it?


to high High





Quick Facts



Fund Codes


ISC 9831 9831P 9731 9731P 9631 9631P

DSC 9881 9881P 9781 9781P 9681 9681PSunWise Elite RBC Canadian Dividend Core Bundle











F-59


SunWise Elite RBC Canadian Dividend Core BundleAs of December 31, 2010


Sales charges













Class

Estimated MER*


value)



Optional Riders






the Units)

Class A 4.05% 1.30% 0.60% 0.25% 0.30%

Class B 3.55% 0.85% 0.65% 0.25% 0.30%

Class C 3.17% 0.50% 0.70% 0.25% 0.30%


F-60







SunWise Elite RBC Canadian Dividend Core Bundle 0.50% 1.00%

Other fees

Fee What you pay






F-61


Fund Disclosure

Fund Objective To achieve long-term total returns consisting of dividend income and regular and modest long-term capital growth. The Fund invests primarily in common and preferred shares of major companies with above average dividend yields.


Underlying Funds: RBC Canadian Dividend Fund and Phillips, Hager & North Bond Fund

Objectives of Underlying Funds RBC Canadian Dividend 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.

Phillips, Hager & North Bond Fund: The fundamental investment objectives of the fund are to provide relatively high yields and stability of capital by investing primarily in a well-diversified portfolio of fixed-income securities issued by Canadian governments and corporations.

Policies of Underlying Funds RBC Canadian Dividend Fund: The fund’s investment process is primarily based on fundamental research, although the portfolio manager will also consider quantitative and technical factors. Stock selection decisions are ultimately based on an understanding of the company, its business and its outlook.

Phillips, Hager & North Bond Fund: It invests primarily in high-quality Canadian corporate bonds and government bonds issued in Canadian or U.S. dollars. The average term to maturity of the portfolio is managed within strict guidelines, typically between seven and twelve years.

Fund Risk Factors



ClassForeign Securities Derivatives


30 3




(%)


(%)



1.30 (1.95) 0.85 (1.35) 0.50 (1.00) 2.10



Sun Life Assurance Company of Canada

227 King Street SouthP .O . Box 1601 STN WaterlooWaterloo, Ontario N2J 4C5

1108-1014_E (09/11)

2 Queen Street East, Twentieth Floor, Toronto, Ontario M5C 3G7 I www.ci.comHead Office / Toronto416-364-1145 1-800-268-9374

Calgary 403-205-43961-800-776-9027

Montreal 514-875-0090 1-800-268-1602

Vancouver 604-681-3346 1-800-665-6994

Client Services English: 1-800-563-5181 French: 1-800-668-3528

Sun Life Assurance Company of Canada, a member of the Sun Life Financial group of companies, is the sole issuer of the individual variable annuity contract providing for investment in SunWise segregated funds. A description of the key features of the applicable individual variable annuity contract is contained in the Information Folder. Any amount that is allocated to a segregated fund is invested at the risk of the contract holder and may increase or decrease in value . ®CI Investments, the CI Investments design, Synergy Mutual Funds, Harbour Advisors, Harbour Funds, and Signature Global Advisors are registered trademarks of CI Investments Inc. ™Cambridge, Portfolio Series and Signature Funds are trademarks of CI Investments Inc. ®SunWise is a registered trademark of Sun Life Assurance Company of Canada. ®Fidelity Investments and the Fidelity design are registered trademarks of FMR Corp. ®RBC Asset Management and Phillips, Hager & North are a registered trademarks of Royal Bank of Canada, used under license. Dynamic Funds™ is a division of Goodman & Company, Investment Counsel Ltd. ©CI Investments Inc., 2011

Documents

Sun Life Assurance Company of Canada · 2011-10-03 · Fund Fact Sheets – September 2011 ... * The estimated MER for Class A includes an estimated HST rate of 10%. The actual HST