In tough markets, words don’t matter; results do. These featured Sun Life MFS funds1 have historically outperformed through good times and bad. The funds draw on a well-established, successful process that emphasizes long-term focus and risk management.
MFS Investment Management (MFS): A world-class partner
At Sun Life Global Investments, we bring together investment research and world-class asset managers from around the globe. That’s why we’ve partnered with MFS to sub-advise the Sun Life MFS funds.
Since they started in 1924, MFS has lined up their active investment approach with a sole purpose:
To create long-term value responsibly.
That approach thrives on:
Global collaboration. Integrated global research.
MFS believes the collective expertise of their teams brings them to better investment decisions through:
- With the companies they own to understand what could influence their sustainable value
- Using their voting power to influence issues that matter
Diversity & collaboration
- Teams of diverse thinkers share and debate their unique perspectives
- This helps to build conviction in their investment ideas
- Through a global platform that allows them to develop local market perspectives
- Drives information sharing across sectors, geographies and asset classes
1 MFS Investment Management or MFS refers to MFS Investment Management Canada Limited and MFS Institutional Advisors, Inc. MFS Investment Management Canada Limited and MFS Institutional Advisors, Inc. have entered into a sub-advisory agreement. Because MFS operates outside of Canada, Canadian securities regulators may not require MFS' investment team to be registered in Canada. Where MFS operates outside of Canada, it provides investment advice under statutory exemptions or regulatory relief, as applicable.
Effective June 1, 2020, Sun Life MFS International Growth Fund was renamed Sun Life MFS International Opportunities Fund. The mandate of the Fund did not change.
The up capture ratio measures investment performance in up-markets. It is compared to an index during periods when that index has risen. A ratio greater than 100 indicates outperformance versus the index during the up-market. A ratio less than 100% indicates underperformance. The down capture ratio is similar although it measures performance when that index has dropped.
The corresponding up and down capture ratios for the funds for the period ending May 31, 2020 are:
Sun Life MFS U.S. Growth Fund, Series F – Up Capture: 1-year: 101%; 3-years: 113%; 5-years: 111%; 7-years: 108%; since inception (Oct. 1, 2010): 102%; Down Capture: 1-year: 48%; 3-years: 78%; 5-years: 87%; 7-years: 90%; since inception (Oct. 1, 2010): 101%.
Sun Life MFS Global Growth Fund, Series F – Up Capture: 1-year: 108%; 3-years: 116%; 5-years: 109%; 7-years: 107%; since inception (Oct. 1, 2010): 104%; Down Capture: 1-year: 75%; 3-years: 88%; 5-years: 86%; 7-years: 90%; since inception (Oct. 1, 2010): 101%.
Sun Life MFS International Opportunities Fund, Series F – Up Capture: 1-year: 100%; 3-years: 114%; 5-years: 112%; 7-years: 101%; since inception (Oct. 1, 2010): 91%; Down Capture: 1-year: 70%; 3-years: 81%; 5-years: 86%; 7-years: 87%; since inception (Oct. 1, 2010): 89%.
Sun Life MFS International Value Fund, Series F – Up Capture: 1-year: 88%; 3-years: 102%; 5-years: 104%; 7-years: 101%; since inception (Oct. 1, 2010): 83%; Down Capture: 1-year: 34%; 3-years: 64%; 5-years: 70%; 7-years: 64%; since inception (Oct. 1, 2010): 75%.
Commissions, trailing commissions are not payable on Series F units of the Funds but management fees and expenses may be associated with mutual fund investments. Please read the prospectus before investing. Investors may pay a fee-based account fee that is negotiated and payable by you to your registered dealer. The indicated rates of return are the historical annual compounded total returns including changes in security value and reinvestment of all distributions and does not take into account sales, redemption, distribution or other 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.
© Sun Life Global Investments (Canada) Inc., 2020. Sun Life Global Investments (Canada) Inc. and MFS are members of the Sun Life group of companies.
Morningstar is an independent organization that groups investment funds with generally similar investment objectives for comparison purposes and ranks them on a historical basis.
Ratings and/or ranking information is subject to change monthly.
Morningstar Rating: 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.
For greater detail, see morningstar.ca.
Morningstar Quartile Ranking: The quartiles divide the data into four equal regions. Expressed in terms of rank (1, 2, 3 or 4), the quartile measure shows how well a fund has performed compared to all other funds in its peer group. Peer groups are defined such that mutual funds are ranked only versus other mutual funds that are in the same category and segregated funds are ranked compared to other segregated funds in the same category. The top 25% of funds (or quarter) are in the first quartile, the next 25% of funds are in the second, and the next group is in the third quartile. The 25% of funds with the poorest performance are in the fourth quartile. The point at which half the funds had better performance and half had worse performance is the median.
© 2020 Morningstar Research Inc. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers; may not be copied or distributed; and 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.