These awards are given annually to investment funds and their managers who have shown consistent, outstanding risk-adjusted performance through the previous calendar year. 

Sun Life Global Investments’ award-winning mutual funds for 2023 are:

Fund Name (Series A) CIFSC Category Fund Count FundGrade Start Date*

Sun Life MFS Diversified Income Fund

Global Neutral Balanced



Sun Life MFS Global Growth Fund Global Equity 1095 1/31/2014

* The end date for the FundGrade calculation is December 31, 2023.

Performance for the winning mutual funds for the period ended December 31, 2023 was:

  • Sun Life MFS Diversified Income Fund, Series A: 6.3% (1 year), 9.2% (3 years), 8.0% (5 years), 5.2% (10 years) and 8.2% (since inception: March 31, 2009).
  • Sun Life MFS Global Growth Fund, Series A: 16.1% (1 year), 4.7% (3 years), 11.3% (5 years), 10.6% (10 years) and 11.1% (since inception: October 1, 2010).

The indicated rates of return are historical annual compounded total returns 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 unitholder that would have reduced returns.

FundGrade A+® is used with permission from Fundata Canada Inc., all rights reserved. The annual FundGrade A+® Awards are presented by Fundata Canada Inc. to recognize the “best of the best” among Canadian investment funds. The FundGrade A+® calculation is supplemental to the monthly FundGrade ratings and is calculated at the end of each calendar year. The FundGrade rating system evaluates funds based on their risk-adjusted performance, measured by Sharpe Ratio, Sortino Ratio, and Information Ratio. The score for each ratio is calculated individually, covering all time periods from 2 to 10 years. The scores are then weighted equally in calculating a monthly FundGrade. The top 10% of funds earn an A Grade; the next 20% of funds earn a B Grade; the next 40% of funds earn a C Grade; the next 20% of funds receive a D Grade; and the lowest 10% of funds receive an E Grade. To be eligible, a fund must have received a FundGrade rating every month in the previous year. The FundGrade A+® uses a GPA-style calculation, where each monthly FundGrade from “A” to “E” receives a score from 4 to 0, respectively. A fund’s average score for the year determines its GPA. Any fund with a GPA of 3.5 or greater is awarded a FundGrade A+® Award. For more information, see Although Fundata makes every effort to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Fundata.

The FundGrade A+® rating is used with permission from Fundata Canada Inc., all rights reserved. Fundata is a leading provider of market and investment funds data to the Canadian financial services industry and business media. The Fund-Grade A+® rating identifies funds that have consistently demonstrated the best risk-adjusted returns throughout an entire calendar year. For more information on the rating system, please visit