Objective Capital appreciation.

Under normal market conditions, the fund invests at least 80% of its net assets in securities of small capitalization companies. The fund currently considers companies that have market capitalizations equal to or below the largest capitalization company in either the Russell 2000^® Index or the S&P SmallCap 600 Index to be small capitalization companies. The fund measures capitalization at the time the fund buys the security, and it is not required to sell the security if the issuer's capitalization grows so that it is no longer included in either the Russell 2000^® Index or the S&P Small Cap 600 Index. This fund is subadvised by OppenheimerFunds, Inc., an unaffiliated investment management firm.

Prospectus (I Class Shares)

Prospectus (S Class Shares)

Statement of Additional Information

Annual Shareholder Report

Semi-Annual Shareholder Report

Quarterly Portfolio Holdings Information

Monthly Portfolio Holdings Information

This fund is not available for purchase directly by retail investors. The fund sells its shares only to separate accounts established and maintained by insurance companies for the purpose of funding variable annuity and variable life insurance products. The fund prospectus contains important information about the fund's investment objectives, risks, charges and ongoing expenses that a variable contract owner should consider carefully before investing in any of the underlying investment options.

Prospectuses for variable insurance products offering these funds as investment options are available from financial professionals who are both licensed to sell such products and appointed by insurers that offer them. Variable insurance products are subject to market fluctuation, investment risk, and possible loss of principal. Please read all prospectuses carefully before investing or sending money.

Clarendon Insurance Agency, Inc. is the principal underwriter of the funds in the Sun Capital Advisers Trust. Clarendon is a member of the Sun Life Financial group of companies.