Quick facts
| Date fund created | Date series available | Total value of the fund | Total value on | Fund manager | Fund sub-advisor | Portfolio turnover rate |
|---|---|---|---|---|---|---|
| October 04, 2021 | October 04, 2021 | $17,029,511 | December 31, 2022 | Sun Life Assurance Company of Canada | MFS Investment Management Canada Limited; MFS Institutional Advisors, Inc. | N/A |
| Guarantee Series - Sales charge option | Minimum investment | Management expense ratio (MER) (%) | Net asset value per unit | Number of units outstanding |
|---|---|---|---|---|
| Investment Series - O class | $100,000 | 0.49 | $9.5928 | 124096.983 |
What does the fund invest in?
The fund's investment objective is to seek capital appreciation and income, with a bias towards capital appreciation, by investing primarily in equity mutual funds and, to a lesser extent, fixed income mutual funds.
The charts below give you a snapshot of the fund's investments on December 31, 2022. The fund’s investments will change.
Top 10 investments (December 31, 2022)
-
Sun Life MFS Global Growth Fund
39.5% -
Sun Life MFS Canadian Bond Fund
29.2% -
Sun Life MFS Low Volatility Global Equity Fund
21.4% -
Sun Life MFS Canadian Equity Fund
9.9% - Total percentage of top 10 investments 100%
Total number of investments 4
Investment mix (December 31, 2022)
| Asset Name | Percentage |
|---|---|
| Canadian Equity | 31.5 |
| Canadian Fixed Income | 8.2 |
| U.S. Equity | 37.2 |
| U.S. Fixed Income | 1.1 |
| International Equity | 20.1 |
| International Fixed Income | 0.4 |
| Cash and Cash Equivalents | 1.2 |
How has the fund performed?
This section tells you how the fund has performed over the past 10 years for an investor who chooses the basic guarantee. Returns are after the MER has been deducted. It's important to note that this doesn't tell you how the fund will perform in the future. Also, your actual return will depend on the guarantee option you choose and on your personal tax situation.
Average return (%)
As at December 31, 2022, a person who invested $1,000 in the fund on October 04, 2021 now has $1,000.00. This works out to an annual compound return of 0.0%.
Year-by-year returns (%)
This chart shows how units of the fund have performed in the past 1 years. In the last 1 years the fund was up in value 0 years, and down in value 1 years. The range of returns and change from year to year can help you assess how risky the fund has been in the past. It does not tell you how the fund will perform in the future.
| Year | Fund Name | Percentage |
|---|---|---|
| 2022 | Sun GIF Solutions MFS Diversified Balanced | -9.8 |
How risky is it?
The value of the fund can go down as well as up. You could lose money.
One way to gauge risk is to look at how much a fund’s returns change over time. This is called “volatility”.
In general, funds with higher volatility will have returns that change more over time. They typically have a greater chance of losing money and have a greater chance of higher returns. Funds with lower volatility tend to have returns that change less over time. They typically have lower returns and may have a lower chance of losing money.
Risk rating
Sun Life has rated the volatility of this fund as low-to-medium. This rating is based on how much the fund’s returns have changed from year to year. It doesn’t tell you how volatile the fund will be in the future. The rating can change over time. A fund with a low risk rating can still lose money.
For more information about the risk rating and specific risks that can affect the fund’s returns, see the “potential risks of investing” section of the information folder.
| Low | Low to medium | Medium | Medium to High | High |
|---|---|---|---|---|
| Potential risks of investing |
Who is this fund for?
This fund is for investors who:
- Seek capital appreciation
- Are long-term investors
- Are comfortable with low to medium investment risk
Do not invest in this fund unless you are willing to accept the potential loss of a portion of your investment or if you have a short-term investment horizon.
Are there any guarantees?
This fund is being offered under an insurance contract. It comes with guarantees that may protect your investments if the markets go down. The MER includes a separate insurance fee that is charged for the guarantee. For details, please refer to the information folder and contract.
How much does it cost?
The following tables show the fees and expenses you could pay to buy, own and sell units of the fund. The fees and expenses – including any commissions – can vary among series of a fund and among funds. Higher commissions can influence advisors to recommend one investment over another. Ask about other funds and investments that may be suitable for you at a lower cost.
Sales charge options
Front-end load (FEL) sales charge
What you pay
0.0% to 5.0% of the purchase price of the units you buy.
How it works
- You and your advisor negotiate this fee, which may be up to 5.0% of the cost of the units and you pay this fee to the distributor when you buy the units.
Ongoing fund expenses
The MER includes the operating expenses of the fund. You do not pay the MER directly. The MER includes the insurance cost of the guarantee. It affects you because it reduces the return you get. For details about how the guarantees work, see the information folder and contract.
| Guarantee series | MER(%) |
|---|---|
| Investment Series - O class | 0.49 |
Trailing commission
No trailing commissions are paid for this series.
Other fees
You may have to pay other fees when you purchase, switch and transition units of the fund.
- Early withdrawal fee — 2% of the value of the units you withdraw within 30 days of buying them.
- Service fee — When you purchase O class units you agree to pay your distributor an service fee. We collect this fee plus applicable taxes on your distributor’s behalf by redeeming O class units from your contract monthly proportionately from each fund. The redemption of units to pay the fee does not affect your guarantees. You may negotiate the service fee with your insurance advisor. It must not be more than 1.00% annually, plus applicable taxes.
- Management fees — O class management fees are the maximum annual management fees that may be charged to you. These fees may be reduced by the management fee reduction based on the daily total market value of Private Client eligible units in your contract. O class management fees plus applicable taxes are collected by redeeming your O class units and do not include the service fee. The management fee is 0.58%.
These fees are in addition to the MER of the fund. For more information refer to Section 10 Private Client program of the Sun GIF Solutions Information Folder.
What if I change my mind?
You can change your mind about your investment in a fund within two business days of the earlier of the date you received confirmation or five business days after it is mailed. You can also change your mind about subsequent transactions you make under the contract within two business days of the earlier of the date you received confirmation or five business days after it is mailed. In this case the right to cancel only applies to the new transaction.
You have to tell us in writing by email, fax or letter that you want to cancel. The amount returned will be the lesser of the amount you invested or the value of the fund if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any fees you paid.
For more information
This summary may not contain all the information you need. Please read the information folder and contract and guarantee series supplements.
Contact Sun Life Financial or your advisor for additional information. Visit sunlifeglobalinvestments.com/ff to view the fund facts for all available funds.
Sun Life Financial
227 King Street South Waterloo, Ontario N2J 4C5
- Toll Free: 1-844-753-4437 (1-844-SLF-GIFS)
- Facsimilie: 1-855-247-6372
- Email: gifs@sunlife.com
- Website: www.sunlifeglobalinvestments.com