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Sun Life MFS Monthly Income Fund

Net asset value per security (NAVPS) as of July 11, 2014
$0.0190 0.17%

Blended benchmark§

Fund category

Global Neutral Balanced

MorningstarTM Rating


Funds in category


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


Portfolio analysis


Cash 2.4
Fixed income 41.4
Canadian equity 43.3
U.S. equity 3.3
International equity 8.5
Emg markets equity 0.0
Other 1.2

Equity style

Fixed inc style

Geographic composition %
Canada 48.1
United States 37.1
Asia / Pacific 1.5
Europe 13.3
Latin America 0.0
Middle East & Africa 0.0
Others 0.0
Global equity sectors* %
of equity allocation
Utilities 4.2
Energy 27.8
Financials 32.5
Materials 4.9
Consumer discretionary 5.0
Consumer staples 5.8
Telecommunication services 9.0
Industrials 7.9
Health care 1.1
Information technology 2.0

Top ten holdings %
as of May 31, 2014
Toronto-Dominion Bank 4.0
Bank of Nova Scotia 2.9
Royal Bank Of Canada 2.8
Magna International Inc Class A 2.4
Enbridge Inc 2.3
Crescent Point Energy Corp 2.3
Suncor Energy Inc 2.3
TransCanada Corp 1.9
US Treasury Note 1.5% 2019-03-31 1.8
Progressive Waste Solutions Ltd 1.5
Total number of portfolio holdings 114
Fixed income %
of fixed income allocation
Government bonds 6.7
Corporate bonds 87.9
Securitized 0.0
Cash & Equivalents 5.5
Derivatives 0.0

Cash and cash equivalents are not shown.

*Global Industry Classification Standard (GICS).


Performance analysis (as of June 30, 2014)

CALENDAR YEAR YTD 2013 2012 2011* 2010 2009 2008 2007 2006 2005 2004
Total assets $M 11.1 9.3 7.1 1.0 - - - - - - -
Fund return % 8.3 7.9 5.5 3.4 - - - - - - -
Category return % 5.6 12.8 8.1 - - - - - - - -
Distribution $/security 0.18 0.36 0.48 0.12 - - - - - - -
(within category)
1 4 4 - - - - - - - -
TRAILING 1 mth 3 mth 6 mth 1 yr 3 yr 5 yr 10 yr Since
Fund return % 0.9 3.7 8.3 18.9 - - - 9.0
Category return % 0.6 1.7 5.6 14.4 - - - -
MorningstarTM rating - - - - - - - -
(within category)
2 1 1 1 - - - -
# of funds in category 955 896 884 742 - - - -

*For the period September 01 to December 31.

Current value of a $10,000 investment


Time frame:


The growth of $10k calculator calculates an approximate rate of return using the performance information as at the first business day of each month in your chosen time-frame.

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.

NOTE: Formerly Sun Life MFS McLean Budden Monthly Income Fund

Investment objective

The Fund's investment objective is to seek to provide a consistent level of regular income with capital appreciation as a secondary objective over the long term, by investing primarily in income producing equity and debt securities.


This Fund may be suitable for investors who:

  • seek a moderate degree of income and potential for capital gains
  • are medium- to long-term investors
  • are comfortable with medium investment risk

Fund essentials

Inception date Sept 1, 2011
Min initial inv $ 500
Min additional inv $ 50
MER % audited as at Dec 31, 2013^ 1.63
Management fee % 1.25
Distributions $0.03/unit/mth
Refer to Simplified Prospectus for more detail.

Management company
Sun Life Global Investments (Canada) Inc.

MFS Investment Management
Toronto Ontario

MFS Institutional Advisors, Inc.
(MFS Investment Management)
Boston Massachusetts

Class Load structure Currency Fund Code

Risk profile

Risk profile: Medium
Refer to the Simplified Prospectus for greater detail.

Management team

MFS Investment Management: Peter Kotsopoulos, CFA, Executive Vice President, Managing Director & Portfolio Manager; Robert Spector, CFA, Vice President & Portfolio Manager; Paul Marcogliese, CFA, Vice President & Portfolio Manager; Cort Conover, CFA, Vice President & Portfolio Manager. MFS Investment Management: Jonathan Sage, Portfolio Manager

Notes and Disclaimers

Blended benchmark: 50% S&P/TSX Capped Comp; 50% DEX Universe Bond.

^ Management expense ratio is based on total expenses (excluding broker commissions and other portfolio transaction costs) for the stated period and is expressed as an annualized percentage of daily average Net Asset Value during the period. The Manager of the Fund currently waives some of its management fees and/or absorbs some expenses that would normally be charged to the Fund. This is done at the Manager's discretion, and may be terminated at any time without prior notice. The actual MER of this series of the Fund before waivers and or absorptions is 3.16% as at Dec 31, 2013.

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 average 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.

Distributions should not be confused with "yield" or "income", and are not intended to reflect a fund's investment performance or rate of return. Distributions may be comprised of income, capital gains or return of capital. The distribution rate on units held by an investor may be greater than the return on the fund's investments. If the cash distributions paid to an investor are greater than the net increase in the value of the investment, the distribution will erode the value of the original investment. Distributions are automatically reinvested in additional units of the applicable fund unless the investor instructs us to distribute cash.

If necessary, a fund will make an additional distribution of income and capital gains in December of each year. The funds may make additional distributions of income, capital gains or return of capital at any other time as we consider appropriate. A distribution of capital is not immediately taxable to an investor but will reduce the adjusted cost basis of the investor's units.

There can be no assurance that a fund will make any distributions in any particular month, and we reserve the right to adjust the amount of monthly distribution if we consider it appropriate, without notice.

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.

Morningstar star ratings are an objective, quantitative measure of a fund's historical risk-adjusted performance relative to other funds in its category, and are calculated from a fund's 3, 5, and 10-year returns measured against 91-day Treasury bill and peer group returns. The top 10% of the funds in a category earn five stars; the next 22.5% four stars; the following 35% three stars; the next 22.5% two stars, and the bottom 10% one star. The Overall Rating is a weighted combination of the 3, 5, and 10-year ratings. Only funds with at least a three-year track record are considered, and ratings are calculated only for categories with at least 20 funds.

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).

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.

2014 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.