TORONTO, May 31, 2024
/CNW/ - SLGI Asset Management Inc. ("SLGI Asset Management") today
announced unitholder approval to proceed with changes to certain
mutual funds as previously announced on March 8, 2024. The approved changes are outlined
below.
Investment objective change
Effective after the close of business on or about June 28, 2024, the investment objective of the
Sun Life Amundi Emerging Markets Debt Fund (the "Fund") will be to
seek total return through investment in investment grade and
non-investment grade debt securities of issuers located anywhere in
the world. To better align with the new investment objective:
- The Fund will be renamed Sun Life MFS Global Core Plus Bond
Fund;
- The Fund's investment strategies will be changed; and
- The Fund's risk rating will be reduced from low-to-medium to
low.
Additional changes include:
- The Fund's sub-advisors, currently Amundi (UK) Limited and
Amundi Canada Inc., will be replaced with MFS Investment Management
Canada Limited;
- Management fees will be reduced by 0.77 percentage points for
Series A and 0.42 percentage points for Series F, reflected in the
table below; and
|
Series
|
Current management
fee
|
New management
fee
|
Reduction between
current
and new management fee
|
|
A
|
1.70 %
|
0.93 %
|
0.77 %
|
|
F
|
0.85 %
|
0.43 %
|
0.42 %
|
|
I
|
≤1.5%
|
≤0.93%
|
0.57 %
|
|
IS
|
0.75 %
|
0.43 %
|
0.32 %
|
- Administration fees for certain series of the Fund will be
reduced as reflected in the table below.
|
Series
|
Current
administration fee
|
New administration
fee
|
Reduction between
current
and new administration fee
|
|
A
|
0.20 %
|
0.15 %
|
0.05 %
|
|
F
|
0.15 %
|
0.10 %
|
0.05 %
|
|
IS
|
0.20 %
|
0.10 %
|
0.10 %
|
Fund merger
Effective after the close of business on or about June 28, 2024, SLGI Asset Management will merge
Sun Life Global Tactical Yield Private Pool (the "Pool") into the
Fund, as approved by unitholders. The merger will be executed on a
taxable basis.
More information
Full details of the fund merger and investment objective change
can be found in a management information circular (the "Circular").
This Circular is available on www.sedarplus.ca.
About SLGI Asset Management
Inc.
SLGI Asset Management Inc. is a subsidiary of Sun Life Financial
Inc. It offers Canadians a diverse lineup of mutual funds and
innovative portfolio solutions, empowering them to pursue their
financial goals at every life stage. We bring together the strength
of one of Canada's most trusted
names in financial services, Sun Life, with some of the best asset
managers from around the world to deliver a truly global investment
platform. As of March 31, 2024, SLGI
Asset Management Inc. manages $38.3
billion on behalf of institutional and retail investors from
coast-to-coast and is a member of the Sun Life group of companies.
For more information visit www.sunlifeglobalinvestments.com.
About Sun Life
Sun Life is a leading international financial services
organization providing asset management, wealth, insurance, and
health solutions to individual and institutional Clients. Sun Life
has operations in a number of markets worldwide, including
Canada, the United States, the United Kingdom, Ireland, Hong
Kong, the Philippines,
Japan, Indonesia, India, China,
Australia, Singapore, Vietnam, Malaysia, and Bermuda. As of March
31, 2024, Sun Life had total assets under management of
$1.47 trillion. For more information,
please visit www.sunlife.com.
Sun Life Financial Inc. trades on the Toronto (TSX), New
York (NYSE) and Philippine (PSE) stock exchanges under the
ticker symbol SLF.
Note to editors: All figures in Canadian
dollars.
Media Relations Contact:
Laura Tulley
Director, Corporate Communications
T. 437-677-1298
Laura.tulley@sunlife.com
SOURCE SLGI Asset Management Inc.