CC&L NS Partners International Equity Segregated Fund Closure and Asset Transfer

Action may be required

You don’t have to take action if you are comfortable with the replacement fund described below. If you wish to select a different replacement fund, please review the communication in detail.

Sun Life Group Retirement Services (GRS) regularly reviews the Core investment platform in response to Client interest and evolving fund offerings in the market.

The CC&L NS Partners International Equity Segregated Fund (the discontinued fund) has been no longer marketed on the Sun Life core platform since December 2017. Governance activities on the fund have continued since then. We have now decided to close the discontinued fund on September 23, 2026. We’ll continue to conduct governance activities on the discontinued fund and members may continue to invest in and contribute to the discontinued fund until its closure.

We have decided to close the discontinued fund due to lack of client interest and low assets.

On September 23, 2026, we’ll transfer any money in – and any future contributions directed to - the discontinued fund to the replacement fund as listed below.

The replacement fund invests in the same asset class of international equity securities. The investment management fees for the replacement fund will be the same, or lower, than those for the discontinued fund.

Your plan(s) may not currently offer the replacement fund in the lineup. In that case, we’ll add the replacement fund to your fund lineup on the same day, before the asset transfer occurs on September 23, 2026.

The transfer will happen as described above, unless we receive different instructions from you in writing (see next paragraph).

You may want to transfer the money in the discontinued fund into either:

• Another fund currently available in your line-up, or
• An alternative fund on the Core investment platform which better suits your plan’s needs

If you wish to select a different replacement fund, you need to make this selection and inform Sun Life of your decision by August 1, 2026.

You don’t have to take any action if you are satisfied with the replacement fund and transfer date as described above.

How will this affect your members?

On September 23, 2026, we’ll automatically transfer any money remaining in – and any future contributions directed to – the discontinued fund to the replacement fund. When the change happens, your members will see a sale of the discontinued fund and the purchase of the replacement fund in their account(s).  

We’ll send an email to members who currently hold the discontinued fund on or around August 17, 2026. Here is a copy for your reference.

Plan members can also move their money to any other funds offered in the plan. They can do so at any time before the transfer automatically takes place on September 23, 2026.

Replacement Fund

The MFS® International Equity Segregated Fund (the “Fund”) seeks long-term capital appreciation by investing with the goal of outperforming the MSCI EAFE Index over full market cycles.

The portfolio management team utilizes bottom-up, fundamental analysis to identify companies with sustainable above-average growth and returns. The manager seeks to invest in enduring businesses with a long-term potential for growth, at reasonable current valuations.  

The Fund holds 60-80 securities, primarily in large capitalization companies. Emerging market countries is limited to 15% of the Fund’s assets; and no more than 25% of the Fund’s assets will be allocated to any one given industry.

The Fund’s benchmark is the MSCI EAFE Index (Net Dividends) (Canadian Dollar).

Daniel Ling, Filipe Benzinho, and Harry Purcell are currently co-portfolio managers on the Fund.

Performance comparisons – 10 years ending March 31, 2026 (annualized):

You can obtain more information about the MFS® International Equity Segregated Fund by accessing the Morningstar section of the plan sponsor web site