Current Price
As of Jun 14, 2024
$19.4853 CAD
-$0.0906 CAD | -0.46%
Overall Morningstar™ rating
3 Star Rating
Out of 1336 Funds
CIFSC category
Global Neutral Balanced

Risk profile

Low to medium

MER
As of Dec 31, 2023
2.18%
Key reasons to invest in Sun Life MFS Global Total Return Fund
  • An actively managed global balanced fund seeking a blend of growth and income
  • A typical mix of 60% equities and 40% fixed income, designed to remove market timing
  • Takes a value-based approach, with a tilt to global large-cap stocks
  • Global fixed income exposure is focused on investment grade corporate bonds
    Fund essentials

    • Inception date
      Oct 1, 2010
    • Benchmark
      Blended benchmark
    • Management fee
      1.75%
    • Fund assets
      As of May 31, 2024
      $783.4M
    • Number of holdings
      As of Apr 30, 2024
      774
    • Distribution frequency
      Annually
    • Min initial investment
      $500
    • Min additional investment
      $50
    Fund codes
    ISCSUN 102DSCSUN 202LSCSUN 302ISCSUN U102DSCSUN U202LSCSUN U302
    Performance

    Investment growth

    May 31, 2024

    • 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.

    Compound returns

    As of May 31, 2024
    Fund %
    1 mth3 mth6 mth1 yr3 yr5 yr10 yrSince inception
    Fund %2.23.48.511.63.44.95.16.3

    Calendar returns

    As of May 31, 2024
    Fund %
      YTD2023202220212020201920182017201620152014
      Fund %5.57.0-6.26.94.913.5-3.16.82.19.69.8

        Risk & Statistics

        As of May 31, 2024
        • Risk measures (3 years)
          Funds
        • Standard deviation
          8.80
        • Alpha
          -0.25
        • Beta
          0.96
        • R ²
          90.21
        • Upside capture
          97
        • Downside capture
          99
        • Sharpe Ratio %
          0.10

        Morningstar Ratingᵀᴹ and Quartile rankings

        As of May 31, 2024
        1 yr3 yr5 yr10 yr
        Morningstarᵀᴹ rating

        3 Star Rating
        3 Star Rating
        3 Star Rating
        Quartile (within category)2232
        # of funds in category15451336655655

          Portfolio analysis

          Overall allocation

          As of Mar 31, 2024
          Asset allocation%
          swatch
          Fixed income36.5
          U.S. equity31.3
          International equity26.2
          Cash3.1
          Canadian equity1.7
          Other0.7
          Emg markets equity0.5
          Geographic allocation%
          swatch
          United States49.1
          Japan7.0
          United Kingdom6.6
          France5.7
          Switzerland4.5
          Germany3.5
          Canada2.7
          Italy2.7
          South Korea2.6
          Spain2.5
          Other13.2

            Equity allocation

            As of Mar 31, 2024
            Sector allocation*%
            swatch
            Financials22.7
            Industrials16.4
            Health care12.4
            Information technology10.6
            Consumer staples9.7
            Energy7.9
            Telecommunication services6.4
            Materials5.0
            Consumer discretionary4.5
            Utilities3.8
            Real Estate0.5
            • *Global Industry Classification Standard (GICS).

            Fixed income allocation

            As of Mar 31, 2024
            Fixed income allocation%
            swatch
            Government44.3
            Corporate Bond29.9
            Agency Mortgage-Backed12.5
            Asset-Backed3.9
            Government-Related3.2
            Cash & Equivalents2.7
            Commercial Mortgage-Backed1.3
            Municipal Taxable1.2
            Non-agency Residential Mortgage-Backed1.0
            Convertible0.1
            Bank Loan0.0
            Covered Bond0.0
            Future/Forward0.0
            Municipal Tax-Exempt0.0
            Option/Warrant0.0
            Preferred Stock0.0
            Swap0.0
            Credit mix%
            swatch
            AAA12.9
            AA31.9
            A19.7
            BBB26.5
            BB0.6
            B0.0
            Below B0.1
            Not Rated8.2

            Morningstar Style Boxᵀᴹ

            As of May 31, 2024

            Equity style

            value
            blend
            growth
            large
            mid
            small
            Large value

            Fixed income style

            ltd
            mod
            ext
            large
            mid
            small
            Medium/Extensive

            Fixed income characteristics

            As of Mar 31, 2024
            • Yield To Maturity
              5.85%
            • Effective duration (years)
              5.98
            • Average maturity (years)
              6.50
            • Average credit quality
              AA
              Holdings

              Top ten holdings

              As of Mar 31, 2024
              HoldingsPercentage%
              UBS Group AG1.2
              The Cigna Group1.2
              Comcast Corp Class A1.2
              Germany (Federal Republic Of) 2.6%1.1
              Roche Holding AG1.0
              Johnson & Johnson1.0
              National Bk Of Cad 4.95% 01apr24 Td1.0
              United States Treasury Notes 2.75%1.0
              United States Treasury Bonds 3.875%0.9
              Charles Schwab Corp0.9
                • Cash and cash equivalents are not shown.
                Management & Commentary

                Management

                Management Company :

                SLGI Asset Management Inc.

                Sub-advisors

                MFS Investment Management Canada Limited

                Founded in 1924, Boston-based MFS brings nearly a century of active management experience to investors’ portfolios.

                Commentary

                March 31, 2024
                Sun Life MFS Global Total Return Fund | Q1 2024
                For the three months ended March 31, 2024, Sun Life MFS Global Total Return Fund Series F (the “Fund”) provided a return of 5.8%. This compares with a return of 6.9% for the Fund's blended benchmark.

                Documents

                Notes and disclosures

                  • Portfolio holdings are as at the date indicated and may change due to ongoing portfolio transactions of the investment fund.

                    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.

                    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 Rating™ 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 Box™ 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.

                    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.

                    © 2022 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.