Current Price
As of Feb 3, 2023
$16.0076 CAD
-$0.0584 CAD | -0.36%
Overall Morningstar™ rating
4 Star Rating
Out of 1328 Funds
CIFSC category
Global Neutral Balanced

Risk profile

Low to medium

MER
As of Jun 30, 2022
2.22%
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
      Sep 1, 2011
    • Benchmark
      Blended benchmark
    • Management fee
      1.75%
    • Fund assets
      As of Dec 30, 2022
      $709.6M
    • Number of holdings
      As of Nov 30, 2022
      710
    • Distribution frequency
      Monthly
    • Min initial investment
      $500
    • Min additional investment
      $50
    Fund codes
    ISCSUN 130DSCSUN 230LSCSUN 330
    Performance

    Investment growth

    Jan 31, 2023

      Compound returns

      As of Jan 31, 2023
      Fund %
      1 mth3 mth6 mth1 yr3 yr5 yr10 yrSince inception
      Fund %3.46.95.9-1.72.63.46.26.6

      Calendar returns

      As of Jan 31, 2023
      Fund %
      • **For the period September 01 to December 31.
      YTD2022202120202019201820172016201520142013
      Fund %3.4-6.26.94.813.4-3.26.82.09.69.820.4
      • **For the period September 01 to December 31.

      Risk & Statistics

      As of Dec 31, 2022
      • Risk measures (3 years)
        Funds
      • Standard deviation
        9.52
      • Alpha
        -0.35
      • Beta
        0.96
      • R ²
        92.25
      • Upside capture
        93
      • Downside capture
        95
      • Sharpe Ratio %
        0.13

      Morningstar Ratingᵀᴹ and Quartile rankings

      As of Dec 31, 2022
      1 yr3 yr5 yr10 yr
      Morningstarᵀᴹ rating

      3 Star Rating
      3 Star Rating
      4 Star Rating
      Quartile (within category)1221
      # of funds in category161213691149526

        Portfolio analysis

        Overall allocation

        As of Nov 30, 2022
        Asset allocation%
        swatch
        Fixed income37.1
        U.S. equity32.9
        International equity24.0
        Other2.5
        Canadian equity2.0
        Emg markets equity0.7
        Cash0.7
        Geographic allocation%
        swatch
        United States51.7
        Japan6.8
        United Kingdom6.6
        Switzerland5.3
        France4.5
        Canada4.1
        Germany3.7
        South Korea2.7
        Netherlands1.9
        Spain1.5
        Other11.2

          Equity allocation

          As of Nov 30, 2022
          Sector allocation*%
          swatch
          Financials21.8
          Health care16.3
          Industrials15.4
          Information technology11.5
          Consumer staples10.8
          Telecommunication services5.8
          Materials5.2
          Consumer discretionary4.8
          Energy4.7
          Utilities2.9
          Real Estate0.9
          • *Global Industry Classification Standard (GICS).

          Fixed income allocation

          As of Nov 30, 2022
          Fixed income allocation%
          swatch
          Government44.8
          Corporate Bond32.8
          Agency Mortgage-Backed9.4
          Asset-Backed6.3
          Government-Related2.8
          Cash & Equivalents1.9
          Municipal Taxable1.7
          Preferred Stock0.3
          Bank Loan0.0
          Commercial Mortgage-Backed0.0
          Convertible0.0
          Covered Bond0.0
          Future/Forward0.0
          Municipal Tax-Exempt0.0
          Non-agency Residential Mortgage-Backed0.0
          Option/Warrant0.0
          Swap0.0
          Credit mix%
          swatch
          AAA30.0
          AA15.0
          A16.9
          BBB25.5
          BB0.9
          B0.0
          Below B0.0
          Not Rated11.6

          Morningstar Style Boxᵀᴹ

          As of Dec 31, 2022

          Equity style

          value
          blend
          growth
          large
          mid
          small
          Large value

          Fixed income characteristics

          As of Nov 30, 2022
          • Yield To Maturity
            3.31%
          • Effective duration (years)
            6.90
          • Average maturity (years)
            7.62
          • Average credit quality
            AA
            Holdings

            Top ten holdings

            As of Nov 30, 2022
            HoldingsPercentage%
            Johnson & Johnson1.6
            Roche Holding AG1.5
            Merck & Co Inc1.5
            United States Treasury Bonds 2.375% 15-Nov-491.3
            United States Treasury Bonds 1.125% 15-Aug-401.3
            United Kingdom of Great Britain and Northern Ireland 1.25% 22-Jul-271.1
            Aon PLC Class A1.0
            Germany (Federal Republic Of) 1.7% 15-Aug-321.0
            Texas Instruments Inc1.0
            BNP Paribas Act. Cat.A1.0
              • Cash and cash equivalents are not shown.
              Management & Commentary

              Management

              Management Company :

              SLGI Asset Management Inc.

              Sub-advisors

              image

              MFS Investment Management Canada Limited

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

              Commentary

              September 30, 2022
              Sun Life MFS Global Total Return Fund | Q3 2022
              Equity markets fell again during the quarter with the MSCI World Index (net div. in USD) down 6.2%, after falling 16.2% in Q2, resulting in a 25.4% decline, so far this year.

              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.