Effective November 27, 2021, the deferred sales charge and low load sales charge purchase options will no longer be available for purchase on Sun Life Global Investments mutual funds. Switches between funds of the same sales charge purchase option will be permitted.

Sun GIF Solutions Sun Life MFS Canadian Bond Estate Series A

Select a different fund

Close

Select a different category

Sun GIF Solutions Sun Life MFS Canadian Bond Estate Series A

$10.8826
Net asset value per security (NAVPS) as of October 22, 2021
Increase $0.0154 0.14%
Benchmark

DEX Universe Bond

Fund category

Canadian Fixed Income

MorningstarTM Rating

Rated 3 out of 5 stars.

Funds in category

439

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

 

Portfolio analysis (as of September 30, 2021)

Composition

Composition: This table displays the breakdown of the fund
%
Cash 0.6
Fixed income 97.8
Canadian equity 0.0
U.S. equity 0.0
International equity 0.0
Emg markets equity 0.0
Other 1.7

Fixed inc style

Fixed income style is Extensive Medium
This table displays the investment segmentation of the fixed income portion of the fund:
This table shows the credit quality of the fixed income portion of the fund
Credit quality %
High 46.8
Medium 38.4
Low 12.0
NR / NA 2.7

This table displays the geographical breakdown of the investments within the fund
Geographic composition %
Canada 84.8
United States 10.2
Asia / Pacific 0.2
Europe 1.3
Latin America 2.4
Middle East & Africa 1.1
Others 0.0
This table shows the breakdown of the fixed income holdings within the fund
Fixed income %
Government bonds 48.7
Corporate bonds 45.5
Securitized 5.0
Cash & Equivalents 0.8
Derivatives 0.0

This table displays the top 10 holdings within the fund
Top ten holdings as of July 31, 2021 %
Canada Housing Trust No.1 2.35% 2023-09-15 8.6
Ontario (Province Of) 2.05% 2030-06-02 4.2
Province of Alberta 3.45% 2043-12-01 3.1
Canada (Government of) 2.5% 2024-06-01 2.8
Ontario (Province Of) 2050-12-02 2.8
Quebec (Province Of) 5% 2038-12-01 2.8
Quebec (Province Of) 2.75% 2028-09-01 2.5
Canada (Government of) 2% 2051-12-01 2.2
Ontario (Province Of) 2.9% 2049-06-02 2.0
Canada (Government of) 0.25% 2026-03-01 2.0

Cash and cash equivalents are not shown.

Sun GIF Solutions Sun Life MFS Canadian Bond Estate Series A invests directly in units of the Sun Life MFS Canadian Bond Fund (the "underlying fund"). The portfolio analysis section is representative of the underlying Fund.

Performance analysis (as of September 30, 2021)

Calendar year YTD 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Total assets $M 33.4 26.0 11.4 5.7 8.6 4.9 - - - - -
Total assets of Underlying $M
170.6
179.4
147.5
113.0
133.4
124.1
92.5
50.7
50.2
75.9
85.7
Fund return % -4.5 7.6 6.1 -1.8 1.1 1.8
1.0
8.6
-1.6
3.6
7.6
Category return % -4.8 7.6 5.4 -0.9 0.7 0.2
2.2
6.9
-1.1
3.7
7.0
Quartile (within category) 2 3 1 4 2 1
4
1
3
2
2
Trailing 1 month 3 month 6 month 1 yr 3 yr 5 yr 10 yr Since inception
Fund return % -1.3 -0.7 0.7 -3.2 3.0 0.9
2.6
1.5
Category return % -1.3 -0.8 0.3 -4.1 2.9 0.7
2.7
-
MorningstarTM rating - - - - Rated 3 out of 5 stars. Rated 3 out of 5 stars. Rated 3 out of 5 stars. -
Quartile (within category) 3 2 1 1 2 2
3
-
# of funds in category 516 516 512 510 439 358
202
-
Calendar yearTrailing

Calendar year

Total assets $M

  • YTD
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 33.4
  • 26.0
  • 11.4
  • 5.7
  • 8.6
  • 4.9
  • -
  • -
  • -
  • -
  • -

Total assets of Underlying $M

  • YTD
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 170.6
  • 179.4
  • 147.5
  • 113.0
  • 133.4
  • 124.1
  • 92.5
  • 50.7
  • 50.2
  • 75.9
  • 85.7

Fund return %

  • YTD
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • -4.5
  • 7.6
  • 6.1
  • -1.8
  • 1.1
  • 1.8
  • 1.0
  • 8.6
  • -1.6
  • 3.6
  • 7.6

Category return %

  • YTD
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • -4.8
  • 7.6
  • 5.4
  • -0.9
  • 0.7
  • 0.2
  • 2.2
  • 6.9
  • -1.1
  • 3.7
  • 7.0

Quartile (within category)

  • YTD
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2
  • 3
  • 1
  • 4
  • 2
  • 1
  • 4
  • 1
  • 3
  • 2
  • 2

Trailing

Fund return %

  • 1 month
  • 3 month
  • 6 month
  • 1 yr
  • 3 yr
  • 5 yr
  • 10 yr
  • Since inception
  • -1.3
  • -0.7
  • 0.7
  • -3.2
  • 3.0
  • 0.9
  • 2.6
  • 1.5

Category return %

  • 1 month
  • 3 month
  • 6 month
  • 1 yr
  • 3 yr
  • 5 yr
  • 10 yr
  • Since inception
  • -1.3
  • -0.8
  • 0.3
  • -4.1
  • 2.9
  • 0.7
  • 2.7
  • -

Morningstar TM rating

  • 1 month
  • 3 month
  • 6 month
  • 1 yr
  • 3 yr
  • 5 yr
  • 10 yr
  • Since inception
  • -
  • -
  • -
  • -
  • ★★★
  • ★★★
  • ★★★
  • -

Quartile (within category)

  • 1 month
  • 3 month
  • 6 month
  • 1 yr
  • 3 yr
  • 5 yr
  • 10 yr
  • Since inception
  • 3
  • 2
  • 1
  • 1
  • 2
  • 2
  • 3
  • -

# of funds in category

  • 1 month
  • 3 month
  • 6 month
  • 1 yr
  • 3 yr
  • 5 yr
  • 10 yr
  • Since inception
  • 516
  • 516
  • 512
  • 510
  • 439
  • 358
  • 202
  • -

Underlying fund 'Sun Life MFS Canadian Bond Fund' performance is displayed for a time frame prior to May 04, 2015

Current value of a $10,000 investment

$

Time frame:

Update
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 timeframe.

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.

By selecting a different fund the page will be refreshed with a new fund.

Overview

Investment objective

The fund aims to provide investors with high investment returns primarily through income, with reasonable safety of capital. The fund may invest up to 30% of the fund's assets in foreign debt instruments.

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 04/05/2015
Min initial inv $ 500
Min additional inv $ 100
MER % audited as at December 31, 2020 1.94
Management fee % 1.25

Management company

SLGI Asset Management Inc.

Sub-advisor

MFS Investment Management Canada Limited; MFS Institutional Advisors, Inc.

Risk profile

Risk profile: Low

Refer to Simplified Prospectus for more 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

NOTES AND DISCLAIMERS

Effective May 9, 2016, the Sun Life Beutel Goodman Canadian Bond was renamed Sun Life Multi-Strategy Bond.

^Management Expense Ratio is an estimate in the first year.

Sun Life Assurance Company of Canada, a member of the Sun Life Financial group of companies, is the issuer of Sun Life GIFs individual variable annuity contracts. A description of the key features of this contract is contained in the information folder.

Subject to any applicable death benefit and maturity guarantees, any part of the premium or other amount that is allocated to a segregated fund is invested at the risk of the contract owner and may increase or decrease in value according to fluctuations in the market value of the assets of the segregated fund.

Please refer to sunlifegifs.com for additional information.

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).

Average credit quality gives a snapshot of the fund's overall credit quality. It is an average of each bond's credit rating, adjusted for its relative weighting in 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.

© 2015 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.