SunWise Essential Fidelity Bundles

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

SunWise Essential Bundles

SunWise Essential Bundles maximize your equity exposure

Here’s how they work

All equity funds hold a certain amount of cash. With SunWise Essential Bundles, we consider the cash in the equity fund to be part of the fixed-income weighting. That means that there is no duplication of income assets and no cash drag on the Bundle. Here are two examples.

SunWise Essential Bundles are:

y based on funds with a Canadian focus and a global reach

y available with all SunWise Essential Series Classes – Income, Investment and Estate

Here’s how they perform

If the Bundles had existed over the past eight years, they would have outperformed the underlying funds because the equity exposure is constantly maximized at 70%. In this example, the Bundle outperformed a combined portfolio of underlying funds by nearly 4% over eight years.

SunWise Essential Bundles are based on a portfolio strategy that combines one or two equity funds with an income fund to maximize the growth potential of your investment in SunWise Essential Series. Every month, the Bundles are rebalanced to provide the maximum 70% equity exposure permitted for Income Class and Estate Class. Unlike other managed solutions, where asset allocation is performed at the fund level, we rebalance based on the securities in each underlying fund.

Source: CI Investment Consulting

This illustration is based on a comparison between the SunWise Essential CI Harbour Segregated Bundle and an independent investment with a 70% allocation to Harbour Fund and 30% to Signature Corporate Bond Fund. Historical data is estimated, based on a cash allocation in Harbour Fund of approximately 20%. No rebalancing was performed; actual monthly data may vary.

$210,000

$190,000

$170,000

$150,000

$130,000

$110,000

$90,000

$70,000Dec-01 Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10

SunWise Essential BundleUnderlying funds with 70/30 asset mix

70000

90000

110000

130000

150000

170000

190000

210000

$175,995

$168,893

Equity Fund SunWise Essential Bundle

Equity Fund SunWise Essential Bundle

70%Equities

30%Cash

100%Equities 3

0% In

come

Fund

100% Equity F

und

70% Equit

y Fun

d

the Bundle is:

the Bundle is:

If the Equity Fund is:

If the Equity Fund is:

To provide 70% equity exposure

To provide 70% equity exposure

10000 % Equitytt F

und

70% Equit

yttFu

nd

Equity Fund SunWise Essential Bundle

Equity Fund SunWise Essential Bundle

70%Equities

30%Cash

100%Equities 3

0% In

come

Fund

100% Equity F

und

70% Equit

y Fun

d

the Bundle is:

the Bundle is:

If the Equity Fund is:

If the Equity Fund is:

To provide 70% equity exposure

To provide 70% equity exposure

10000 % Equitytt F

und

70% Equit

yttFu

nd

Example #1

Example #2

The fund allocation of the Bundle mix is determined by the underlying security allocation of the equity fund(s).

Managed by Fidelity Investments

Fidelity’s Disciplined equity approach neutralizes sector risk relative to the benchmark and instead focuses on fundamental, bottom-up research as the primary source of excess return.

Fidelity’s NorthStar® Fund has an open mandate to seek the best ideas, wherever they may lie.

Fidelty’s True North® Fund aims to deliver superior long-term growth potential through its freedom to pursue opportunities throughout the Canadian market.

Segregated Bundles

Segregated Bundles are a combination of one or two equity funds with a conservative bond fund. Segregated Bundles are suitable for anyone who wants the stability of a pure bond fund combined with the growth potential of equity funds.

All SunWise Essential Fidelity Bundles 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.

SunWise Essential Fidelity American Disciplined Equity Segregated Bundle has a target allocation of 70% to Fidelity American Disciplined Equity® Fund and 30% to Fidelity Canadian Bond Fund.

SunWise Essential Fidelity Disciplined Segregated Bundle has a target allocation of 50% to Fidelity Canadian Disciplined Equity® Fund and 20% Fidelity Global Disciplined Equity Fund® and 30% to Fidelity Canadian Bond Fund.

SunWise Essential Fidelity NorthStar Segregated Bundle has a target allocation of 70% to Fidelity NorthStar® Fund and 30% to Fidelity Canadian Bond Fund.

SunWise Essential Fidelity True North Segregated Bundle has a target allocation of 70% to Fidelity True North® Fund and 30% to Fidelity Canadian Bond Fund.

SunWise Essential Fidelity Segregated Bundles

1101-0006 (01-11)- E

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 Essential Series 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 and the CI Investments design are registered 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 Fidelity Management & Research Co.

Sun Life Assurance Company of Canada

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

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

For more information about the innovative features

and benefits of SunWise Essential Series,

please visit www.sunwiseessentialseries.com.

Fund Codes

Income Class Investment Class Estate ClassFund Name ISC DSC ISC DSC ISC DSC

SunWise Essential Fidelity American Disciplined Equity Segregated Bundle 12757 12857 12157 12257 12457 12557

SunWise Essential Fidelity Disciplined Segregated Bundle 12758 12858 12158 12258 12458 12558

SunWise Essential Fidelity NorthStar Segregated Bundle 12759 12859 12159 12259 12459 12559

SunWise Essential Fidelity True North Segregated Bundle 12760 12860 12160 12260 12460 12560