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Sun Life MFS Diversified Income Fund

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How the fund
is managed

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Fund insights

Today, many income-focused investors are struggling to gain sufficient yield from their investments, while ensuring it can last through their lifetime. There’s a solution:

Income. Simplified. 

Sun Life MFS Diversified Income Fund1

A multi-asset, income-oriented, global balanced portfolio.

DISCOVER THE BENEFITS

 

 

Watch Rob Almeida, Global Investment Strategist & Portfolio Manager, MFS discuss the investment approach.

HOW THE FUND IS MANAGED

A diversified approach to income.

Sun Life MFS Diversified Income Fund is an income solution that has been specifically designed to address the challenges facing income-seeking investors today.

Multi-asset.

Income-oriented.

Disciplined. Yet Flexible.

Steady monthly cash flow.

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Six distinct income-generating asset classes

The Fund invests in a carefully optimized mix of six income-generating asset classes, and disciplined tactical shifts are made in response to market conditions.†

This chart illustrates that Sun Life MFS Diversified Income Fund invests in an optimized mix of six income generating asset classes.

The target mix is 45% in fixed income (with a max/min of 60%/40%) and 55% in equities (with a max/min) of 60%/40%

The Fund then makes disciplined tactical adjustments to the mix (+/- 5% to the underlying asset class strategies

The six asset classes and the target mix to them include: 17.5% U.S. High Yield Bonds, 17.5% Canadian Investment Grade Bonds, 10% Emerging Markets Debt, 10% Canadian Equities, 30% Global Dividend Paying Equities, and 15% Global Real Estate Investment Trusts (REITs)

There is a description for each of the six asset classes (to describe them). It says:

U.S. High Yield Bonds – Invests across the full spectrum of corporate high yield bonds

Canadian Investment Grade Bonds – A diversified portfolio of mainly Canadian dollar, investment grade corporate bonds and other credit-related fixed income

Emerging Markets Debt – A well diversified portfolio capturing broad opportunities in emerging markets debt through research-intensive analysis

Canadian Equities – Focuses on dividend-paying Canadian equities with total returns that are driven by dividends and capital growth potential

Global Dividend Paying Equities – Focuses on dividend-paying global equities with total returns that are driven by dividends and capital growth potential

Global Real Estate Investment Trusts –  Emphasizes REITs with sustainable current income and durable cash flow to help drive capital growth

AN ELITE INVESTMENT TEAM

The overall strategy of the Fund, including the asset mix and tactical adjustments, is led by Robert M. Almeida, Global Investment Strategist and Portfolio Manager, MFS Investment Management.*

Robert M. Almeida

MFS Multi-Asset Income & Alternative Strategies

27

Years in the industry

22

Years with MFS

~$3.5B

In assets managed for MFS2

Backed by the collective expertise of all MFS

Each of the six income-generating asset classes is backed by highly experienced portfolio management teams from MFS, who directly pick the securities for their respective asset classes.

WHY MFS FOR DIVERSIFIED INCOME INVESTING

The Fund is overseen by our world-class sub-advisor – MFS Investment Management. For nearly a century, MFS’s investment approach has thrived on three pillars: the collective expertise of their investment professionals, risk management and long-term discipline.

Today they can draw on a research platform that spans the globe.

107

Fundamental research analysts

8

Global sector teams

11

Analyst managed strategies

106

Portfolio managers

12

Quantitative research analysts

Data as of June 30, 2022.

 

Learn more about MFS

FUND ESSENTIALS

Series

MER

Distribution
(Target yield)

Fund codes

A

2.06%

Monthly, 4%

SUN 172

F

0.89%

Monthly, 5%

SUN 472

Also available in Series O (fully unbundled). MERs as of June 30, 2022.

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Materials and Resources

For investors

For advisors 

FUND INSIGHTS

Why does income diversification matter?

Many investors want to grow their capital and achieve steady streams of income. There’s a solution.

Read More

View All MFS Insights

Interested in our entire suite of Sun Life MFS Funds?

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† The chart allocations shown represent the Fund’s neutral asset allocation.  Actual allocations may vary due to tactical adjustments or market movements. The blended benchmark for the Fund is represented by: 30% MSCI ACWI High Dividend Yield Index, 10% S&P/TSX Capped Composite Index, 15% FTSE/EPRA Nareit Developed Index, 17.5% FTSE Canada All Corporate Bond Index, 17.5% Bloomberg U.S. High Yield 2% Issuer Capped Index, 10% JPMorgan EMBI Global Diversified Index.

*Sub-advisor to Sun Life MFS Diversified Income Fund.

1 Effective June 21, 2022, the investment strategies of the Fund changed, and its name changed from Sun Life MFS Dividend Income Fund to Sun Life MFS Diversified Income Fund.

2 Based on a similar U.S. fund, not available to Canadian investors. The investment parameters for Sun Life MFS Diversified Income Fund differ, though the basic strategy is similar in nature. Assets managed are in U.S. dollars, as of March 31, 2022.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.