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Fund Profile

Sun Life Money Market Fund

$10.0000
CAD
Net asset value per security (NAVPS) as of November 13, 2019
$0.0000 0.00%
Benchmark

FTSE Canada 91 Day T-Bill Index

Fund category

Canadian Money Market

MorningstarTM Rating

-

Funds in category

-

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

 

Portfolio analysis (as of September 30, 2019)

Composition

%
Cash 89.6
Fixed income 10.0
Canadian equity 0.0
U.S. equity 0.0
International equity 0.0
Emg markets equity 0.0
Other 0.3

Geographic composition %
Canada 100.0
United States 0.0
China 0.0
Germany 0.0
Japan 0.0
United Kingdom 0.0
Others 0.0
Fixed income %
Government bonds 3.5
Corporate bonds 6.5
Securitized 0.0
Cash & Equivalents 89.9
Derivatives 0.0

Top ten holdings %
as of August 31, 2019
Canada (Government of) 2019-10-31 8.1
Canada (Government of) 2019-11-14 7.8
Canada (Government of) 2019-12-27 7.0
Canada (Government of) 2019-09-05 6.0
National Bank of Canada 2019-09-26 3.9
Canada (Government of) 2020-03-05 2.9
Quebec (Province Of) 2019-11-22 2.2
Ontario T-Bill 2019-09-25 2.1
Province of Alberta 2019-11-12 2.1
The Toronto-Dominion Bank 2019-09-23 1.8
Total number of portfolio holdings 75

Performance analysis (as of October 31, 2019)

Calendar year YTD 2018 2017 2016 2015 2014 2013 2012 2011 2010* 2009
Total assets $M 117.9 106.5 78.9 86.3 50.6 34.3 23.2 12.4 6.9 0.2 -
Fund return % 1.1 1.0 0.3 0.1 0.2 0.4 0.4 0.4 0.4 0.2 -
Category return % 1.1 1.0 0.4 0.3 0.3 0.5 0.5 0.5 0.5 - -
Distribution $/security 0.11 0.10 0.03 0.01 0.02 0.04 0.04 0.04 0.04 0.00 -
Quartile
(within category)
3 3 3 3 3 3 3 3 3 - -
Trailing 1 mth 3 mth 6 mth 1 yr 2 yr 3 yr 5 yr 10 yr Since
inception
Fund return % 0.1 0.3 0.6 1.3 1.1 0.8 0.5 - 0.5
Category return % 0.1 0.3 0.7 1.3 1.1 0.8 0.6 - -
MorningstarTM rating - - - - - - - - -
Quartile
(within category)
3 3 3 3 3 3 3 - -
# of funds in category - - - - - - - - -
Calendar yearTrailing

Calendar year

Total assets $M

  • YTD
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010*
  • 2009
  • 117.9
  • 106.5
  • 78.9
  • 86.3
  • 50.6
  • 34.3
  • 23.2
  • 12.4
  • 6.9
  • 0.2
  • -

Fund return %

  • YTD
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010*
  • 2009
  • 1.1
  • 1.0
  • 0.3
  • 0.1
  • 0.2
  • 0.4
  • 0.4
  • 0.4
  • 0.4
  • 0.2
  • -

Category return %

  • YTD
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010*
  • 2009
  • 1.1
  • 1.0
  • 0.4
  • 0.3
  • 0.3
  • 0.5
  • 0.5
  • 0.5
  • 0.5
  • -
  • -

Distribution $/security

  • YTD
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010*
  • 2009
  • 0.11
  • 0.10
  • 0.03
  • 0.01
  • 0.02
  • 0.04
  • 0.04
  • 0.04
  • 0.04
  • 0.00
  • -

Quartile (within category)

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

Trailing

Fund return %

  • 1 mth
  • 3 mth
  • 6 mth
  • 1 yr
  • 2 yr
  • 3 yr
  • 5 yr
  • 10 yr
  • Since inception
  • 0.1
  • 0.3
  • 0.6
  • 1.3
  • 1.1
  • 0.8
  • 0.5
  • -
  • 0.5

Category return %

  • 1 mth
  • 3 mth
  • 6 mth
  • 1 yr
  • 2 yr
  • 3 yr
  • 5 yr
  • 10 yr
  • Since inception
  • 0.1
  • 0.3
  • 0.7
  • 1.3
  • 1.1
  • 0.8
  • 0.6
  • -
  • -

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
  • 3
  • 3
  • 3
  • 3
  • 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
  • -
  • -
  • -
  • -
  • -
  • -
  • -
  • -
  • -

*For the period October 01 to December 31.

This is an annualized historical yield based on the seven day period ended on October 31, 2019 and does not represent an actual one year return. Mutual fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. There can be no assurances that the Fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the Fund will be returned to you.

3-YEAR RISK MEASURES (as of October 31, 2019)

Annualized returns are used to calculate the risk metrics below.
Standard deviation (fund) - Sharpe ratio - Alpha -
Standard deviation (category) - R2 - Beta -
Standard deviation (fund) -
Sharpe ratio -
Alpha -
Standard deviation (category) -
R2 -
Beta -
  • 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.
Risk Measures are not available for funds with a history of less than three years.

Current value of a $10,000 investment

$

Time frame:

Update

The calculator generates an approximate rate of return using performance information as at the first business day of each month in your chosen time frame. Returns for funds less than 1 year old cannot be displayed. The default settings invest $10,000 on the inception date of the fund, with an end date of January in the current year. For informational purposes, the initial investment amount and time frame can be adjusted according to your preference.

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

Note: Effective June 18, 2018, the Excel Money Market Fund merged into the Sun Life Money Markets Fund.

Investment objective

The Fund's investment objective is to achieve a high level of current income while seeking to protect capital and to maintain liquidity by investing primarily in Canadian dollar-denominated money market instruments.

 

This Fund may be suitable for investors who:

  • are conservative and income oriented
  • have a shorter investment time horizon
  • are comfortable with low investment risk
 

Fund essentials

Inception date Oct 1, 2010
Min initial inv $ 500
Min additional inv $ 50
MER % unaudited as at June 30, 2019 0.56
Management fee % 1.00
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

 
Class Load structure Currency Fund code
A ISC CAD SUN107
A DSC CAD SUN207
A LSC CAD SUN307
 

Risk profile

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

Management team

MFS Investment Management: Cindy Neville, CFA, Portfolio manager; Jeremy Bau, CFA, 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. 

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.

Mutual fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. There can be no assurances that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you. Past performance may not be repeated.

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.

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.