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Fund Profile

Sun Life MFS Canadian Bond Fund

$14.0780
CAD
Net asset value per security (NAVPS) as of May 24, 2019
$0.0225 0.16%
Benchmark

FTSE Canada Universe Bond Index

Fund category

Canadian Fixed Income

MorningstarTM Rating

★★★

Funds in category

419

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

 

Portfolio analysis (as of March 31, 2019)

Composition

%
Cash 0.9
Fixed income 98.4
Canadian equity 0.0
U.S. equity 0.0
International equity 0.0
Emg markets equity 0.0
Other 0.7

Fixed inc style

Credit quality %
AAA 13.8
AA 39.4
A 15.3
BBB 20.3
BB 6.4
B 0.7
Below B 0.0
Not Rated 4.1

Geographic composition %
Canada 73.9
United States 23.9
Cayman Islands 1.8
Switzerland 0.4
Others 0.0
Fixed income %
Government bonds 45.8
Corporate bonds 50.9
Securitized 2.4
Cash & Equivalents 0.9
Derivatives 0.0

Top ten holdings %
as of February 28, 2019
Ontario (Province Of) 4% 2021-06-02 4.8
Ontario (Province Of) 4.7% 2037-06-02 4.3
Province of Alberta 3.45% 2043-12-01 4.2
Canada (Government of) 2.5% 2024-06-01 4.2
Province of British Columbia 3.25% 2021-12-18 3.0
Canada (Government of) 0.5% 2022-03-01 2.6
The Toronto-Dominion Bank 3.23% 2024-07-24 2.6
Ontario (Province Of) 2.4% 2026-06-02 2.5
Quebec (Province Of) 2.75% 2028-09-01 2.5
Bank of America Corporation 3.95% 2.5
Total number of portfolio holdings 111

Cash and cash equivalents are not shown.

Performance analysis (as of April 30, 2019)

Calendar year YTD 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009*
Total assets $M 21.4 20.7 23.4 26.0 15.6 12.2 8.3 10.0 1.8 1.9 1.4
Fund return % 4.6 -1.1 1.7 2.5 1.0 8.6 -1.6 3.7 7.6 5.7 3.7
Category return % 3.6 0.6 1.7 1.9 2.2 6.9 -1.1 3.7 7.0 5.8 -
Distribution $/security 0.12 0.27 0.37 0.35 0.51 0.30 0.51 0.35 0.40 0.43 0.42
Quartile
(within category)
1 4 3 2 4 1 3 2 2 3 -
Trailing 1 mth 3 mth 6 mth 1 yr 2 yr 3 yr 5 yr 10 yr Since
inception
Fund return % 0.1 2.7 6.1 5.0 1.3 1.8 2.6 3.6 3.5
Category return % 0.0 2.4 5.6 5.1 1.7 2.1 2.8 3.6 -
MorningstarTM rating - - - - - ★★ ★★★ ★★★ -
Quartile
(within category)
2 1 2 3 4 3 3 3 -
# of funds in category 602 598 575 550 467 419 335 156 -
Calendar yearTrailing

Calendar year

Total assets $M

  • YTD
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009*
  • 21.4
  • 20.7
  • 23.4
  • 26.0
  • 15.6
  • 12.2
  • 8.3
  • 10.0
  • 1.8
  • 1.9
  • 1.4

Fund return %

  • YTD
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009*
  • 4.6
  • -1.1
  • 1.7
  • 2.5
  • 1.0
  • 8.6
  • -1.6
  • 3.7
  • 7.6
  • 5.7
  • 3.7

Category return %

  • YTD
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009*
  • 3.6
  • 0.6
  • 1.7
  • 1.9
  • 2.2
  • 6.9
  • -1.1
  • 3.7
  • 7.0
  • 5.8
  • -

Distribution $/security

  • YTD
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009*
  • 0.12
  • 0.27
  • 0.37
  • 0.35
  • 0.51
  • 0.30
  • 0.51
  • 0.35
  • 0.40
  • 0.43
  • 0.42

Quartile (within category)

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

Trailing

Fund return %

  • 1 mth
  • 3 mth
  • 6 mth
  • 1 yr
  • 2 yr
  • 3 yr
  • 5 yr
  • 10 yr
  • Since inception
  • 0.1
  • 2.7
  • 6.1
  • 5.0
  • 1.3
  • 1.8
  • 2.6
  • 3.6
  • 3.5

Category return %

  • 1 mth
  • 3 mth
  • 6 mth
  • 1 yr
  • 2 yr
  • 3 yr
  • 5 yr
  • 10 yr
  • Since inception
  • 0.0
  • 2.4
  • 5.6
  • 5.1
  • 1.7
  • 2.1
  • 2.8
  • 3.6
  • -

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
  • 3
  • 4
  • 3
  • 3
  • 3
  • -

# of funds in category

  • 1 mth
  • 3 mth
  • 6 mth
  • 1 yr
  • 2 yr
  • 3 yr
  • 5 yr
  • 10 yr
  • Since inception
  • 602
  • 598
  • 575
  • 550
  • 467
  • 419
  • 335
  • 156
  • -

*For the period April 01 to December 31.

3-YEAR RISK MEASURES (as of April 30, 2019)

Annualized returns are used to calculate the risk metrics below.
Standard deviation (fund) 3.66 Sharpe ratio 0.28 Alpha 0.55
Standard deviation (category) 3.46 R2 84.73 Beta 0.91
Standard deviation (fund) 3.66
Sharpe ratio 0.28
Alpha 0.55
Standard deviation (category) 3.46
R2 84.73
Beta 0.91
  • 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

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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 aims to provide investors with high investment returns primarily through income, with reasonable safety of capital.

 

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 low investment risk
 

Fund essentials

Inception date April 1, 2009
Min initial inv $ 500
Min additional inv $ 50
MER % unaudited as at December 31, 2018 1.34
Management fee % 1.05
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;
MFS Institutional Advisors, Inc. 

Class Load structure Currency Fund Code
A ISC CAD SUN174
A DSC CAD SUN274
A LSC CAD SUN374
 

Risk profile

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

Management team

MFS Investment Management: Robert Spector, CFA, Investment Officer and Portfolio Manager, Soami Kohly, CFA, Fixed Income Portfolio Manager; Joshua Marston, Fixed Income Portfolio Manager; Robert Persons, CFA, Fixed Income Portfolio Manager

 

Notes and Disclaimers

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 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.