It’s simple. Just select your goal date.
Just ask “when do I need the money?” and choose the Sun Life Milestone Fund with the maturity date of either 2030 or 2035. The “Maturity Date” is when the Fund is scheduled to terminate or mature. When the fund reaches maturity (June 30 of the maturity year), funds will be transferred into the Sun Life Money Market Fund.
Dynamic asset mix
The Sun Life Milestone Funds are managed by the SLGI Asset Management Inc. Portfolio Management Team. The team ensures the asset mix is adjusted to become more conservative as the maturity date approaches, so investors don’t have to worry about their portfolios being too risky as their investment milestone approaches.
Guaranteed Value
"Buy low, sell high”—a simple concept that is often difficult to follow, especially in turbulent markets. Unfortunately, when emotions come into play, investors may be more likely to do just the opposite.
The Sun Life Milestone Funds offer a Guaranteed Value that can provide greater confidence that you will reach your financial goals. And, it not only discourages panic selling when markets fall, but it can encourage buying at low points.
When held to maturity, Sun Life Milestone Funds will pay the highest of the following three Values:
- $10.00 per unit (the “NAV” per unit on the start date of the Fund), or
- The highest month-end NAV per unit, during the period between the fund’s start date until the Fund’s Maturity Date, or
- The NAV per unit on the Maturity Date of the Fund.
Essentially, every time the NAV reaches a new high at month end, the investor locks in a new guaranteed NAV—as long as they hold the fund to maturity.
There is a benefit to staying invested
Knowing that holding a Milestone Fund to maturity means investors will receive the Guaranteed Value (even if the NAV falls below the GV), investors may be less likely to try to redeem their investment knowing—and more inclined to stay invested for the long term. As a result, investors can benefit from any long-term growth in the markets. In addition, investors may have more incentive to buy in at lower prices to reap the full benefit of the Guaranteed Value.
SLGI Asset Management Inc. offers two Sun Life Milestone Funds:
1The Guaranteed Value is only available on the scheduled Maturity Date of the fund. Investors who redeem units of a Milestone Fund before the scheduled Maturity Date of their Milestone Fund will receive the current NAV per unit (less redemption fees, if any), which may be less than the Guaranteed Value. The Guaranteed Value of each unit of a Milestone Fund is calculated during the term of the Milestone Fund based on the greater of $10.00 per unit and the then highest month end NAV per unit
