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Fund Profile

Sun Life MFS Global Total Return Fund

$17.5842
CAD
Net asset value per security (NAVPS) as of September 19, 2019
$0.0342 0.19%
Benchmark

Blended benchmark§

Fund category

Global Neutral Balanced

MorningstarTM Rating

★★★★

Funds in category

1184

Mutual fund categories are maintained by the Canadian Investment Funds Standards Committee (CIFSC).

 

Portfolio analysis (as of July 31, 2019)

Composition

%
Cash 10.1
Fixed income 29.6
Canadian equity 2.5
U.S. equity 32.0
International equity 24.5
Emg markets equity 0.4
Other 0.9

Equity style


Geographic composition %
 
United States 49.4
Japan 9.6
Switzerland 7.2
United Kingdom 6.2
Canada 4.3
France 4.1
Germany 2.5
Spain 2.5
Taiwan 1.6
Australia 1.5
Others 11.1
Fixed income %
of fixed income allocation
Government bonds 39.0
Corporate bonds 28.1
Securitized 7.6
Cash & Equivalents 25.4
Derivatives 0.0

Credit quality %
of fixed income allocation
AAA 29.1
AA 13.5
A 21.3
BBB 24.9
BB 1.2
B 0.0
Below B 0.0
Not Rated 10.1
Global equity sectors* %
as of July 31, 2019
of equity allocation
Utilities 2.7
Energy 5.0
Financials 18.9
Materials 4.5
Consumer discretionary 5.4
Consumer staples 12.5
Telecommunication services 5.6
Industrials 15.4
Health care 15.1
Information technology 12.9
Real Estate 2.0

Top ten holdings %
as of July 31, 2019
Province of British Columbia 2019-09-09 3.0
Canada (Government of) 2019-08-08 2.1
Japan (Government Of) 0.5% 2038-06-20 1.9
Province Quebec 16aug19 Tbill 2019-08-16 1.7
Province Of Manitoba 16oct19 Tbill 2019-10-16 1.6
Taiwan Semiconductor Manufacturing Co Ltd ADR 1.5
Roche Holding AG Dividend Right Cert. 1.3
Canada (Government of) 1.5% 2026-06-01 1.2
Nestle SA 1.2
Schneider Electric SE 1.1
Total number of portfolio holdings 544

Cash and cash equivalents are not shown.

*Global Industry Classification Standard (GICS).

Performance analysis (as of August 31, 2019)

Calendar year YTD 2018 2017 2016 2015 2014 2013 2012 2011 2010* 2009
Total assets $M 340.9 326.6 325.2 275.3 158.0 94.1 28.7 3.4 0.9 0.2 -
Fund return % 9.6 -3.1 6.8 2.1 9.6 9.8 20.4 7.4 2.8 1.0 -
Category return % 9.4 -3.0 7.1 4.7 5.4 8.7 12.8 8.1 -1.7 - -
Distribution $/security 0.00 0.06 0.18 0.03 0.07 0.04 0.06 0.29 0.17 0.00 -
Quartile
(within category)
3 3 3 4 1 2 1 3 1 - -
Trailing 1 mth 3 mth 6 mth 1 yr 2 yr 3 yr 5 yr 10 yr Since
inception
Fund return % 0.5 3.3 4.9 4.8 4.6 4.1 5.8 - 7.3
Category return % 0.2 2.3 4.3 3.6 5.1 4.7 4.8 - -
MorningstarTM rating - - - - - ★★★ ★★★★ - -
Quartile
(within category)
2 1 2 2 3 3 2 - -
# of funds in category 1618 1605 1596 1519 1346 1184 845 - -
Calendar yearTrailing

Calendar year

Total assets $M

  • YTD
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010*
  • 2009
  • 340.9
  • 326.6
  • 325.2
  • 275.3
  • 158.0
  • 94.1
  • 28.7
  • 3.4
  • 0.9
  • 0.2
  • -

Fund return %

  • YTD
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010*
  • 2009
  • 9.6
  • -3.1
  • 6.8
  • 2.1
  • 9.6
  • 9.8
  • 20.4
  • 7.4
  • 2.8
  • 1.0
  • -

Category return %

  • YTD
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010*
  • 2009
  • 9.4
  • -3.0
  • 7.1
  • 4.7
  • 5.4
  • 8.7
  • 12.8
  • 8.1
  • -1.7
  • -
  • -

Distribution $/security

  • YTD
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010*
  • 2009
  • 0.00
  • 0.06
  • 0.18
  • 0.03
  • 0.07
  • 0.04
  • 0.06
  • 0.29
  • 0.17
  • 0.00
  • -

Quartile (within category)

  • YTD
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010*
  • 2009
  • 3
  • 3
  • 3
  • 4
  • 1
  • 2
  • 1
  • 3
  • 1
  • -
  • -

Trailing

Fund return %

  • 1 mth
  • 3 mth
  • 6 mth
  • 1 yr
  • 2 yr
  • 3 yr
  • 5 yr
  • 10 yr
  • Since inception
  • 0.5
  • 3.3
  • 4.9
  • 4.8
  • 4.6
  • 4.1
  • 5.8
  • -
  • 7.3

Category return %

  • 1 mth
  • 3 mth
  • 6 mth
  • 1 yr
  • 2 yr
  • 3 yr
  • 5 yr
  • 10 yr
  • Since inception
  • 0.2
  • 2.3
  • 4.3
  • 3.6
  • 5.1
  • 4.7
  • 4.8
  • -
  • -

Morningstar TM rating

  • 1 mth
  • 3 mth
  • 6 mth
  • 1 yr
  • 2 yr
  • 3 yr
  • 5 yr
  • 10 yr
  • Since inception
  • -
  • -
  • -
  • -
  • -
  • ★★★
  • ★★★★
  • -
  • -

Quartile
(within category)

  • 1 mth
  • 3 mth
  • 6 mth
  • 1 yr
  • 2 yr
  • 3 yr
  • 5 yr
  • 10 yr
  • Since inception
  • 2
  • 1
  • 2
  • 2
  • 3
  • 3
  • 2
  • -
  • -

# of funds in category

  • 1 mth
  • 3 mth
  • 6 mth
  • 1 yr
  • 2 yr
  • 3 yr
  • 5 yr
  • 10 yr
  • Since inception
  • 1618
  • 1605
  • 1596
  • 1519
  • 1346
  • 1184
  • 845
  • -
  • -

*For the period October 01 to December 31.

3-YEAR RISK MEASURES (as of August 31, 2019)

Annualized returns are used to calculate the risk metrics below.
Standard deviation (fund) 5.39 Sharpe ratio 0.60 Alpha -1.73
Standard deviation (category) 5.57 R2 80.16 Beta 0.77
Standard deviation (fund) 5.39
Sharpe ratio 0.60
Alpha -1.73
Standard deviation (category) 5.57
R2 80.16
Beta 0.77
  • Standard deviation is a measure of volatility; it shows how broadly returns have varied over a given time period. Generally, a high standard deviation implies greater volatility.
  • Sharpe ratio combines a risk measurement and a return measurement into a single number to determine a fund's risk-adjusted return. A higher value is better.
  • R2: reflects the percentage of a portfolio's movements that can be explained by movements in its benchmark. It is measured on a scale of 0-100.
  • Alpha measures the difference between a fund's return and its benchmark, taking into account volatility (beta). An alpha of 1 means a fund outperformed its benchmark by 1%; -1 means the fund underperformed by 1%.
  • Beta measures the movement of a fund in relation to its benchmark. A beta over 1 means price moves are greater (up or down) than the benchmark's; below 1 means less extreme price moves; 1 means it moves in step with its benchmark.

Current value of a $10,000 investment

$

Time frame:

Update

The calculator generates an approximate rate of return using performance information as at the first business day of each month in your chosen time frame. Returns for funds less than 1 year old cannot be displayed. The default settings invest $10,000 on the inception date of the fund, with an end date of January in the current year. For informational purposes, the initial investment amount and time frame can be adjusted according to your preference.

Investment management approach

MFS Investment Management

MFS Investment Management has guided investors through every market condition imaginable. From the highest highs to the lowest lows, the firm has spent decades refining its investment process according to four key principles: work from the bottom up, take a global perspective, collaborate, and manage risk.

Bottom up. MFS believes detailed fundamental analysis of individual companies is the cornerstone of successful investing.

Global. Analysts in many of the world's major financial centers scour the globe for opportunities.

Collaborative. MFS believes ideas improve when they're carefully reviewed and constantly challenged.

Risk managed. Risk management is intrinsic to MFS’ entire investment process.

MFS Investment Management joined forces with McLean Budden in Canada in November 2011. The two firms have 150 years of investing history between them. Now with a unified commitment to fundamental and balanced research from all corners of the globe, MFS is looking forward to 150 more.

Overview

Investment objective

The Fund's investment objective is to seek total return by investing primarily in a mix of equity securities and debt instruments of issuers located anywhere in the world.

 

This Fund may be suitable for investors who:

  • seek a moderate degree of growth and income
  • want to add global diversification to their investment portfolio
  • are medium- to long-term investors
  • are comfortable with low to medium investment risk
 

Fund essentials

Inception date Oct 1, 2010
Min initial inv $ 500
Min additional inv $ 50
MER % unaudited as at June 30, 2019 2.24
Management fee % 1.80
Distributions A distribution may be applicable for this fund. Refer to Simplified Prospectus for more detail.
 

Management company
Sun Life Global Investments (Canada) Inc.

Sub-advisor
MFS Investment Management Canada Limited

 
Class Load structure Currency Fund Code
A ISC CAD SUN102
A DSC CAD SUN202
A LSC CAD SUN302
A ISC USD SUNU102
A DSC USD SUNU202
A LSC USD SUNU302
 

Risk profile

Risk profile: Low-to-medium
Refer to the Simplified Prospectus for greater detail.

Management team

MFS Investment Management: Nevin Chitkara, Portfolio Manager; Steven Gorham, CFA, Investment Officer and Portfolio Manager; Pablo de la Mata, CFA, Investment Officer and Portfolio Manager; Benjamin Stone, CFA, Investment Officer and International Equity Value Portfolio Manager; Erik Weisman, PH. D., Investment Officer and Fixed-Income Portfolio Manager; Richard Hawkins, CFA, Portfolio Manager; Jonathan Sage, CFA, Portfolio Manager; Robert Persons, CFA, Fixed Income Portfolio Manager; Pilar Gomez-Bravo, CFA, Global Credit Portfolio Manager; Robert Spector, CFA, Investment Officer & Portfolio Manager

Notes and Disclaimers

§ Blended benchmark: 60% MSCI World Index, 40% Barclays Capital Global Aggregate C$ Hedged Index

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. For periods greater than one year, the indicated rates of return are the historical annual compounded total returns as of the date indicated including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

Compound growth calculations are used only for the purpose of illustrating the effects of compound growth and are not intended to reflect the future value of any mutual fund or returns on investment in any mutual fund.

Ratings and/or ranking information is subject to change monthly.

Morningstar is an independent organization that groups funds with generally similar investment objectives for comparison purposes and ranks them on a historical basis.

The Morningstar RatingTM for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

Morningstar quartile rankings show how well a fund has performed compared to all other funds in its peer group. Each fund within a peer group is ranked based on its performance, and these rankings are broken into quarters or quartiles. Within a group, the top 25% (or quarter) of the funds are in the first quartile, the next 25% are in the second quartile, the next group in the third quartile, and the bottom 25% of funds with the poorest relative performance are in the fourth quartile. The point in which half the funds had better performance and half had worse performance is the median. If 100 funds are being compared, there would be four quartiles of twenty-five funds each. The median would be the fiftieth fund.

For more details on the calculation of Morningstar star ratings or quartile rankings, please see www.morningstar.ca.

The Morningstar Style BoxTM reveals a fund's investment strategy. For equity funds the vertical axis shows the market capitalization of the stocks owned and the horizontal axis shows investment style (value, blend or growth). For fixed-income funds the vertical axis shows the average credit quality of the bonds owned, and the horizontal axis shows interest rate sensitivity as measured by a bond's duration (short, intermediate or long).

Average credit quality gives a snapshot of the fund's overall credit quality. It is an average of each fixed income security's credit rating, adjusted for its relative weighting in the fixed income portion of the fund. Morningstar, Inc. is not itself a Designated Rating Organization (DRO), nor does it issue a credit rating on the fund. A DRO's ratings can change from time-to-time.

Morningstar category averages are equal-weighted category returns. The calculation is simply the average of the returns for all the funds in a given category. The standard category average calculation is based on constituents of the category at the end of the period.

Categories are assigned by Canadian Investment Funds Standards Committee (CIFSC) based on an evaluation of a fund's holdings. A fund's category may change at any time. Funds within the same category may differ in terms of investment philosophy, investment process, as well as overall composition.

The calculators found on this website and/or within fund pages generated by this website and by users are provided for illustrative purposes only. The calculators are educational and/or illustrative tools and do not constitute advice with respect to investment, insurance, financial, legal, tax, accounting or similar matters.

The Global Industry Classification Standard ("GICS") was developed by and is the exclusive property and a service mark of MSCI Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P") and is licensed for use by Sun Life Global Investments (Canada) Inc. Neither MSCI, S&P, nor any other party involved in making or compiling the GICS or any GICS classifications makes any express or implied warranties or representations with respect to such standard or classification (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability and fitness for a particular purpose with respect to any of such standard or classification. Without limiting any of the foregoing, in no event shall MSCI, S&P, any of their affiliates or any third party involved in making or compiling the GICS or any GICS classifications have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.

The information contained in this fund page/profile is designed to provide you with general information related to the fund and investment alternatives and strategies and is not intended to be comprehensive investment advice applicable to individual circumstances. We strongly recommend that investors consult with a financial advisor prior to making any investment decisions.

© 2019 Morningstar Research Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.