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PIMCO, founded in 1971, was one of the first investment managers in the field of active fixed income management. While the bulk of its fixed income assets were historically represented by its Total Return and Low Duration strategies, a growing number are now represented by its sector specialty strategies (e.g., Real Return, All Asset, CommodityRealReturn, High Yield, and Emerging Markets). Its business today extends around the world and includes a fast-growing family of retail and institutional mutual funds.
PIMCO Global Multi-Asset Portfolio
PIMCO VIT CommodityRealReturnTM Strategy Portfolio
PIMCO VIT Emerging Markets Bond Portfolio
SCSM PIMCO High Yield Fund
SCSM PIMCO Total Return Fund
The PIMCO Global Multi-Asset Portfolio is structured as a fund of funds and it indirectly pays a portion of the expenses incurred by the underlying funds in which it invests. Consequently, an investment in this portfolio entails more direct and indirect expenses than a direct investment in the underlying funds.
The SCSM PIMCO High Yield Fund and the SCSM PIMCO Total Return Fund are managed by Sun Capital Advisers LLC and are subadvised by PIMCO.
Investments in bonds and bond funds will move inversely to interest rates, i.e., increased interest rates may cause the value of such investments to decline, and decreased interest rates may cause their value to increase. Bond and bond funds also are subject to the risk that the issuer of the bond may default on its obligation to pay interest or principal. Portfolios that invest in high yield securities and unrated securities of similar credit quality (commonly known as "junk bonds") may be subject to greater levels of credit and liquidity risk than portfolios that do not invest in such securities.
Foreign investing involves special risks not present in U.S. securities that may increase the chance that the fund will lose money, including foreign currency risk and the risk of substantial volatility due to adverse political, economic or other developments.
Derivatives are subject to a number of risks, such as liquidity risk, interest rate risk, market risk, credit risk and management risk.
Investing in variable annuity portfolios involves risks; variable annuity accumulation units, when redeemed, could be worth more or less than their original cost.
The investment objectives and policies of certain funds may be similar to those of other funds managed by the same investment advisor. No representation is made, and there can be no assurance given, that any fund's investment results will be comparable to the investment results of any other fund, including another fund with the same investment advisor or manager. The fund's investment results may be expected to differ and may be higher or lower than the investment results of other such funds. Differences in portfolio size, investment holdings, contract and fund expenses, and other factors are all expected to contribute to differences in fund performance.
You should carefully consider the investment objectives, risks, charges and expenses of an investment in a variable annuity. The prospectus contains this and other important information. Prospectuses for Sun Life Financial Masters® variable annuities are available by clicking here. Please read all prospectuses carefully before investing or sending money.
Sun Life Financial Masters variable annuities are issued by Sun Life Assurance Company of Canada (U.S.) (Wellesley Hills, MA) in all states except New York. In New York, the contracts are issued by Sun Life Insurance and Annuity Company of New York (New York, NY). All guarantees are based on the claims paying ability of the issuing company. Variable products are distributed through Sun Life Financial Distributors, Inc. All three companies are members of the Sun Life Financial group of companies.
SLPC 19345 (09/09) (Exp. 02/11)
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