0001193125-12-486708.txt : 20121130 0001193125-12-486708.hdr.sgml : 20121130 20121130103017 ACCESSION NUMBER: 0001193125-12-486708 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20121130 DATE AS OF CHANGE: 20121130 EFFECTIVENESS DATE: 20121130 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SUN CAPITAL ADVISERS TRUST CENTRAL INDEX KEY: 0001065698 IRS NUMBER: 043132283 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-59093 FILM NUMBER: 121233431 BUSINESS ADDRESS: STREET 1: ONE SUN LIFE EXECUTIVE PARK, SC 2335 CITY: WELLESLEY HILLS STATE: MA ZIP: 02481 BUSINESS PHONE: 7814461867 MAIL ADDRESS: STREET 1: ONE SUN LIFE EXECUTIVE PARK, SC 2335 CITY: WELLESLEY HILLS STATE: MA ZIP: 02481 0001065698 S000008066 SC BlackRock Large Cap Index Fund C000021895 Initial Class SOCIX C000021896 Service Class SOCSX 0001065698 S000008067 Sun Capital Investment Grade Bond Fund C000021897 Initial Class SIGBX C000021898 Service Class SGBSX 0001065698 S000008068 Sun Capital Money Market Fund C000021899 Initial Class SMFXX C000021900 Service Class SMSXX 0001065698 S000008069 Sun Capital Global Real Estate Fund C000021901 Initial Class SCREX C000021902 Service Class SRESX 0001065698 S000008070 SC Davis Venture Value Fund C000021903 Initial Class SDVVX C000021904 Service Class SVVSX 0001065698 S000008071 SC BlackRock Small Cap Index Fund C000021905 Initial Class SCOSX C000021906 Service Class SCOMX 0001065698 S000008072 SC WMC Blue Chip Mid Cap Fund C000021907 Initial Class SBCMX C000021908 Service Class SBLSX 0001065698 S000011718 SC WMC Large Cap Growth Fund C000032122 Initial Class SWLCX C000032123 Service Class SLGSX 0001065698 S000018842 SC Lord Abbett Growth & Income Fund C000052147 Initial Class shares SCLGX C000052148 Service Class shares SCLSX 0001065698 S000018843 SC Goldman Sachs Mid Cap Value Fund C000052149 Initial Class shares SCGMX C000052150 Service Class shares SGMCX 0001065698 S000018844 SC Goldman Sachs Short Duration Fund C000052151 Initial Class shares SGSSX C000052152 Service Class shares SGSDX 0001065698 S000018845 SC PIMCO High Yield Fund C000052153 Initial Class shares SCPHX C000052154 Service Class shares SCPSX 0001065698 S000023371 SC Ibbotson Conservative Fund C000068440 Initial Class SCIMX C000068441 Service Class SIMSX 0001065698 S000023372 SC Ibbotson Balanced Fund C000068442 Initial Class SCIBX C000068443 Service Class SIBSX 0001065698 S000023373 SC Ibbotson Growth Fund C000068444 Initial Class SIBGX C000068445 Service Class SIGSX 0001065698 S000023374 SC Columbia Small Cap Value Fund C000068446 Initial Class SCDSX C000068447 Service Class SDSSX 0001065698 S000023375 SC Invesco Small Cap Growth Fund C000068448 Service Class SASSX C000068449 Initial Class SCASX 0001065698 S000023376 SC AllianceBernstein International Value Fund C000068450 Initial Class SABIX C000068451 Service Class SABSX 0001065698 S000023377 SC PIMCO Total Return Fund C000068452 Initial Class SCPTX C000068453 Service Class SPTSX 0001065698 S000023378 SC BlackRock Inflation Protected Bond Fund C000068454 Initial Class SCBIX C000068455 Service Class SBISX 0001065698 S000030316 SC BlackRock International Index Fund C000093292 Initial Class SBIIX C000093293 Service Class SIISX 0001065698 S000030317 SC Ibbotson Tactical Opportunities Fund C000093294 Initial Class SITOX 497 1 d447713d497.htm SUN CAPITAL ADVISERS TRUST Sun Capital Advisers Trust

SUN CAPITAL ADVISERS TRUST

Sun Capital Global Real Estate Fund

Sun Capital Investment Grade Bond Fund

Sun Capital Money Market Fund

SC AllianceBernstein International Value Fund

SC BlackRock Inflation Protected Bond Fund

SC BlackRock International Index Fund

SC BlackRock Large Cap Index Fund

SC BlackRock Small Cap Index Fund

SC Columbia Small Cap Value Fund

SC Davis Venture Value Fund

SC Goldman Sachs Mid Cap Value Fund

SC Goldman Sachs Short Duration Fund

SC Ibbotson Balanced Fund

SC Ibbotson Conservative Fund

SC Ibbotson Growth Fund

SC Ibbotson Tactical Opportunities Fund

SC Invesco Small Cap Growth Fund

SC Lord Abbett Growth & Income Fund

SC PIMCO High Yield Fund

SC PIMCO Total Return Fund

SC WMC Blue Chip Mid Cap Fund

SC WMC Large Cap Growth Fund

(each, a “Fund” and collectively, the “Funds”)

Supplement dated November 30, 2012

To the Initial Class and Service Class Prospectuses, each dated May 1, 2012

(as supplemented August 16, 2012 and November 23, 2012)

On August 13-14, 2012, the Board of Trustees of Sun Capital Advisers Trust (the “Trust”) approved, and determined to recommend that shareholders approve, the following proposals (the affected Funds are included after each proposal):

 

1. To elect ten individuals as members of the Board of Trustees of the Trust replacing the current members of the Board (all Funds, voting together).

 

2. To approve a new advisory agreement with Massachusetts Financial Services Company (“MFS”) (all Funds other than SC Ibbotson Tactical Opportunities Fund, voting separately).

 

3. To approve an amendment to the Trust’s Declaration of Trust (all Funds, voting together).

 

4. To approve revisions to, or elimination of, certain fundamental investment restrictions (Sun Capital Global Real Estate Fund, SC BlackRock Inflation Protected Bond Fund, SC BlackRock Small Cap Index Fund, SC Columbia Small Cap Value Fund, SC Goldman Sachs Mid Cap Value Fund, SC Goldman Sachs Short Duration Fund, SC Ibbotson Balanced Fund, SC Ibbotson Conservative Fund, and SC Ibbotson Growth Fund, voting separately).

 

5.

To approve a Plan of Liquidation to liquidate the assets of the Fund and distribute the liquidation proceeds to the Fund’s shareholders (Sun Capital Money Market Fund, SC AllianceBernstein International Value Fund, SC BlackRock International Index Fund, and SC BlackRock Large Cap Index Fund, voting separately).1

 

6. To approve a re-classification of diversification status from “diversified” to “non-diversified” (SC Blackrock Inflation Protected Bond Fund only).

 

7. To approve an Agreement and Plan of Reorganization providing that the Fund that would combine and merge into a corresponding variable insurance fund advised by MFS (SC WMC Large Cap Growth Fund, SC Davis Venture Value Fund, SC WMC Blue Chip Mid Cap Fund, SC Invesco Small Cap Growth Fund, Sun Capital Investment Grade Bond Fund, SC PIMCO Total Return Fund, SC Lord Abbett Growth & Income Fund, and SC PIMCO High Yield Fund, voting separately).

 

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The SC Ibbotson Tactical Opportunities Fund (the “Tactical Fund”) will liquidate on its own without a shareholder meeting. The only shareholders of the Tactical Fund are SC Ibbotson Balanced Fund, SC Ibbotson Conservative Fund and SC Ibbotson Growth Fund. As part of the transition and integration plan, these three Funds will withdraw all of their investments in the Tactical Fund.

 

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Each Fund’s shareholders of record voted to approve the proposal(s) applicable to the shareholder’s Fund(s) at shareholder meetings held on November 26, 2012. The proposals are expected to take effect on or about December 7, 2012 (the “Effective Date”).

The proposals are part of a transition and integration plan whereby management of the Funds will transfer to MFS, and the Trust will be integrated into the MFS family of variable insurance funds. The investment adviser to each Fund is currently Sun Capital Advisers LLC (“Sun Capital”), which either manages the Fund directly or employs an affiliated or unaffiliated subadviser to do so. MFS is an affiliate of Sun Capital and the Trust (and the subadviser to the SC Global Real Estate Fund).

A summary of how Proposals 2, 5 and 7 apply to the various Funds is set forth below.

I. The Transitioning of Certain Funds into MFS Funds

The Funds listed in the “Transitioning Funds” column in the table below will be transitioned to become MFS Funds. Their investment strategies will change to reflect MFS’ investment process, and their names will change to reflect that MFS will manage the funds directly, without any subadvisers.

 

TRANSITIONING FUNDS

   

FUNDS AS RENAMED

1. Sun Capital Global Real Estate Fund    1. MFS Global Real Estate Portfolio
2. SC BlackRock Inflation Protected Bond Fund    2. MFS Inflation Adjusted Bond Portfolio
3. SC Columbia Small Cap Value Fund    3. MFS New Discovery Value Portfolio
4. SC Goldman Sachs Mid Cap Value Fund    4. MFS Mid Cap Value Portfolio
5. SC Goldman Sachs Short Duration Fund    5. MFS Limited Maturity Portfolio
6. SC Ibbotson Balanced Fund    6. MFS Moderate Allocation Portfolio
7. SC Ibbotson Conservative Fund    7. MFS Conservative Allocation Portfolio
8. SC Ibbotson Growth Fund    8. MFS Growth Allocation Portfolio
9. SC BlackRock Small Cap Index Fund    9. MFS Blended Research Small Cap Portfolio

II. The Liquidation of Certain Funds

The Funds listed as “Liquidating Funds” below will be liquidated.

 

LIQUIDATING FUNDS

1. Sun Capital Money Market Fund
2. SC AllianceBernstein International Value Fund
3. SC BlackRock International Index Fund
4. SC BlackRock Large Cap Index Fund

III. The Reorganization and Merger of Certain Funds into MFS Successor Funds.

The Funds listed in the “Merging Funds” column in the table below will reorganize and merge into the corresponding MFS funds listed in the “Successor Funds” column. MFS manages each of the Successor Funds directly, without a subadviser.

 

MERGING FUNDS

   

MFS SUCCESSOR FUNDS

1. SC WMC Large Cap Growth Fund    1. MFS Growth Series
2. SC Davis Venture Value Fund    2. MFS Research Series
3. SC WMC Blue Chip Mid Cap Fund    3. MFS Mid Cap Growth Series
4. SC Invesco Small Cap Growth Fund    4. MFS New Discovery Series
5. Sun Capital Investment Grade Bond Fund    5. MFS Research Bond Series
6. SC PIMCO Total Return Fund    6. MFS Research Bond Series
7. SC Lord Abbett Growth & Income Fund    7. MFS Value Series
8. SC PIMCO High Yield Fund    8. MFS High Yield Portfolio

 

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SC BlackRock Inflation Protected Bond Fund

The average annual total return shown for the Barclays Capital Global Real Estate Index: U.S. TIPS (the “Index”) on page 75 of the Initial Class prospectus and on page 76 of the Service Class prospectus is understated as 12.56% for the One Year period ended December 31, 2011 and as 8.07% for the Since Inception period ended December 31, 2012. The correct average annual total return for the Index for the One Year period ended December 31, 2011 is 13.56% and for the Since Inception period ended December 31, 2012 is 8.33%.

SC Goldman Sachs Short Duration Fund

The average annual total return shown for the Barclays Capital 1-3 Year U.S. Government/Credit Index (the “Index”) on page 80 of the Initial Class prospectus and on page 81 of the Service Class prospectus is understated as 2.36% for the Since Inception period ended December 31, 2012. The correct average annual total return for the Index for the Since Inception period ended December 31, 2012 is 2.73%.

 

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