Sun Life Global Investments announces fee reductions, risk rating changes and launch of new fund Series
Dec 13, 2017
Fee reductions on 50 mutual funds and introduction of new Series provide more value and choice to Clients
TORONTO, Dec. 13, 2017 /CNW/ - Sun Life Global Investments (Canada) Inc. announced today the reduction of management fees and operating expenses across its mutual fund lineup. Effective January 1, 2018, fee reductions of up to 35 basis points will be applied to 50 mutual funds across certain A, AH, T5, T8, AT5, AT8, F, FH, O, and OH Series.
"Our Clients entrust their savings with us to help them lead better lives, both now and in retirement," said Rick Headrick, President, Sun Life Global Investments. "By lowering fees on our mutual fund lineup, Clients can keep more of their money working for them, giving them even more peace of mind."
Lower fees on 50 mutual funds
Series A, AH, T5, T8, AT5, AT8
|
Fund |
Current |
New |
Current |
New |
|
Sun Life BlackRock Canadian Balanced Fund |
1.55 |
1.50 |
0.10 |
no change |
|
Sun Life BlackRock Canadian Balanced Class |
1.55 |
1.50 |
0.10 |
no change |
|
Sun Life BlackRock Canadian Equity Fund |
1.55 |
1.50 |
0.10 |
no change |
|
Sun Life BlackRock Canadian Equity Class |
1.55 |
1.50 |
0.10 |
no change |
|
Sun Life Dynamic Equity Income Fund |
1.75 |
no change |
0.20 |
0.15 |
|
Sun Life Dynamic Equity Income Class |
1.75 |
no change |
0.20 |
0.15 |
|
Sun Life MFS Canadian Bond Fund |
1.25 |
1.05 |
0.15 |
no change |
|
Sun Life MFS Canadian Equity Fund |
1.95 |
1.80 |
0.20 |
no change |
|
Sun Life MFS Canadian Equity Class |
1.95 |
1.80 |
0.20 |
no change |
|
Sun Life MFS Canadian Equity Growth Fund |
1.95 |
1.80 |
0.20 |
no change |
|
Sun Life MFS Canadian Equity Value Fund |
1.95 |
1.80 |
0.20 |
no change |
|
Sun Life MFS Dividend Income Fund |
1.75 |
1.70 |
0.20 |
no change |
|
Sun Life MFS Dividend Income Class |
1.75 |
1.70 |
0.20 |
no change |
|
Sun Life MFS Global Growth Fund |
2.00 |
1.85 |
0.20 |
no change |
|
Sun Life MFS Global Growth Class |
2.00 |
1.85 |
0.20 |
no change |
|
Sun Life MFS Global Total Return Fund |
2.00 |
1.80 |
0.20 |
no change |
|
Sun Life MFS International Growth Fund |
2.00 |
1.85 |
0.20 |
no change |
|
Sun Life MFS International Growth Class |
2.00 |
1.85 |
0.20 |
no change |
|
Sun Life MFS Low Volatility Global Equity Fund |
2.00 |
1.80 |
0.20 |
no change |
|
Sun Life MFS Low Volatility International Equity Fund |
2.00 |
1.80 |
0.20 |
no change |
|
Sun Life MFS U.S. Equity Fund |
2.00 |
1.85 |
0.20 |
no change |
|
Sun Life MFS U.S. Growth Fund |
2.00 |
1.85 |
0.20 |
no change |
|
Sun Life MFS U.S. Growth Class |
2.00 |
1.85 |
0.20 |
no change |
|
Sun Life MFS U.S. Value Fund |
2.00 |
1.85 |
0.20 |
no change |
|
Sun Life Multi-Strategy Bond Fund |
1.25 |
1.05 |
0.15 |
no change |
|
Sun Life Schroder Emerging Markets Fund |
2.50 |
2.15 |
0.25 |
no change |
|
Sun Life Sentry Value Fund |
1.95 |
1.80 |
0.20 |
no change |
|
Sun Life Sentry Value Class |
1.95 |
1.80 |
0.20 |
no change |
Series F, FH, O, OH
|
Fund |
Current management |
New |
Current |
New |
|
Sun Life BlackRock Canadian Balanced Fund |
0.55 |
0.50 |
0.10 |
0.05 |
|
Sun Life BlackRock Canadian Balanced Class |
0.55 |
0.50 |
0.10 |
0.05 |
|
Sun Life BlackRock Canadian Composite Equity Class |
0.50 |
no change |
0.10 |
0.05 |
|
Sun Life BlackRock Canadian Equity Fund |
0.55 |
0.50 |
0.10 |
0.05 |
|
Sun Life BlackRock Canadian Equity Class |
0.55 |
0.50 |
0.10 |
0.05 |
|
Sun Life Dynamic Energy Fund |
0.85 |
no change |
0.20 |
0.15 |
|
Sun Life Dynamic Equity Income Fund |
0.75 |
no change |
0.20 |
0.15 |
|
Sun Life Dynamic Equity Income Class |
0.75 |
no change |
0.20 |
0.15 |
|
Sun Life Dynamic Strategic Yield Fund |
0.85 |
no change |
0.20 |
0.15 |
|
Sun Life Dynamic Strategic Yield Class |
0.85 |
no change |
0.20 |
0.15 |
|
Sun Life Granite Conservative Portfolio |
0.75 |
no change |
0.20 |
0.15 |
|
Sun Life Granite Conservative Class |
0.75 |
no change |
0.20 |
0.15 |
|
Sun Life Granite Moderate Portfolio |
0.75 |
no change |
0.20 |
0.15 |
|
Sun Life Granite Moderate Class |
0.75 |
no change |
0.20 |
0.15 |
|
Sun Life Granite Balanced Portfolio |
0.80 |
no change |
0.20 |
0.15 |
|
Sun Life Granite Balanced Class |
0.80 |
no change |
0.20 |
0.15 |
|
Sun Life Granite Balanced Growth Portfolio |
0.85 |
no change |
0.20 |
0.15 |
|
Sun Life Granite Balanced Growth Class |
0.85 |
no change |
0.20 |
0.15 |
|
Sun Life Granite Growth Portfolio |
0.90 |
no change |
0.20 |
0.15 |
|
Sun Life Granite Growth Class |
0.90 |
no change |
0.20 |
0.15 |
|
Sun Life Granite Enhanced Income Portfolio |
0.80 |
no change |
0.20 |
0.15 |
|
Sun Life Granite Income Portfolio |
0.75 |
no change |
0.20 |
0.15 |
|
Sun Life MFS Canadian Bond Fund |
0.75 |
0.55 |
0.15 |
0.10 |
|
Sun Life MFS Canadian Equity Fund |
1.00 |
0.80 |
0.20 |
0.15 |
|
Sun Life MFS Canadian Equity Class |
1.00 |
0.80 |
0.20 |
0.15 |
|
Sun Life MFS Canadian Equity Growth Fund |
1.00 |
0.80 |
0.20 |
0.15 |
|
Sun Life MFS Canadian Equity Value Fund |
1.00 |
0.80 |
0.20 |
0.15 |
|
Sun Life MFS Dividend Income Fund |
0.75 |
0.70 |
0.20 |
0.15 |
|
Sun Life MFS Dividend Income Class |
0.75 |
0.70 |
0.20 |
0.15 |
|
Sun Life MFS Global Growth Fund |
1.00 |
0.85 |
0.20 |
0.15 |
|
Sun Life MFS Global Growth Class |
1.00 |
0.85 |
0.20 |
0.15 |
|
Sun Life MFS Global Total Return Fund |
1.00 |
0.80 |
0.20 |
0.15 |
|
Sun Life MFS Global Value Fund |
1.00 |
no change |
0.20 |
0.15 |
|
Sun Life MFS International Growth Fund |
1.00 |
0.85 |
0.20 |
0.15 |
|
Sun Life MFS International Growth Class |
1.00 |
0.85 |
0.20 |
0.15 |
|
Sun Life MFS International Value Fund |
1.00 |
no change |
0.20 |
0.15 |
|
Sun Life MFS Low Volatility Global Equity Fund |
1.00 |
0.80 |
0.20 |
0.15 |
|
Sun Life MFS Low Volatility International Equity Fund |
1.00 |
0.80 |
0.20 |
0.15 |
|
Sun Life MFS Monthly Income Fund |
0.75 |
no change |
0.20 |
0.15 |
|
Sun Life MFS U.S. Equity Fund |
1.00 |
0.85 |
0.20 |
0.15 |
|
Sun Life MFS U.S. Growth Fund |
1.00 |
0.85 |
0.20 |
0.15 |
|
Sun Life MFS U.S. Growth Class |
1.00 |
0.85 |
0.20 |
0.15 |
|
Sun Life MFS U.S. Value Fund |
1.00 |
0.85 |
0.20 |
0.15 |
|
Sun Life Multi-Strategy Bond Fund |
0.75 |
0.55 |
0.15 |
0.10 |
|
Sun Life Multi-Strategy Target Return Fund |
1.25 |
no change |
0.20 |
0.15 |
|
Sun Life NWQ Flexible Income Fund |
0.85 |
no change |
0.20 |
0.15 |
|
Sun Life Schroder Emerging Markets Fund |
1.50 |
1.15 |
0.25 |
0.20 |
|
Sun Life Sentry Global Mid Cap Fund |
1.00 |
no change |
0.20 |
0.15 |
|
Sun Life Sentry Value Fund |
0.95 |
0.80 |
0.20 |
0.15 |
|
Sun Life Sentry Value Class |
0.95 |
0.80 |
0.20 |
0.15 |
Private Client program pricing changes
Sun Life Global Investments is also making changes to management fee reductions in the Private Client program. In order to continue to provide Clients with the best possible products and service, we're taking a more balanced approach to our Private Client pricing.
Private Client program pricing is only changing for Clients who enter the program on or after March 28, 2018, and who have $500,000 or more in eligible assets. The pricing changes are indicated in the chart below:
Current pricing:
|
Balance in Eligible Securities (Individual Account or Household Group) |
Management Fee Reduction (within tier) |
|
Tier 1 - Less than or equal to $250,000 (provided that |
0.050% |
|
Tier 2 - Greater than $250,000 to $500,000 |
0.100% |
|
Tier 3 - Greater than $500,000 to $1 million |
0.200% |
|
Tier 4 - Greater than $1 million to $3 million |
0.250% |
|
Tier 5 - Greater than $3 million |
0.300% |
Pricing as of March 28, 2018:
|
Balance in Eligible Securities (Individual Account or Household Group) |
Management Fee Reduction (within tier) |
|
Tier 1 - Less than or equal to $250,000 (provided that the |
0.050% |
|
Tier 2 - Greater than $250,000 to $500,000 |
0.100% |
|
Tier 3 - Greater than $500,000 to $1 million |
0.150% |
|
Tier 4 - Greater than $1 million to $3 million |
0.175% |
|
Tier 5 - Greater than $3 million |
0.200% |
Risk rating changes
Sun Life Global Investments reviews the risk rating for each fund at least once a year, as well as when a fund undergoes a material change. The following 11 funds that have had their risk classification change are the result of our annual review, not the result of any change to the investment objectives, strategies or management of the funds. The risk classification for each fund has been calculated in accordance with the new risk methodology mandated by the Canadian Securities Administrators.
The table below outlines the complete list of funds with new risk ratings effective as of today:
|
Fund |
Previous risk |
New risk rating |
|
Sun Life Franklin Bissett Canadian Equity Class |
Low to medium |
Medium |
|
Sun Life Granite Balanced Growth Portfolio |
Medium |
Low to medium |
|
Sun Life Schroder Global Mid Cap Fund |
Medium to high |
Medium |
|
Sun Life Granite Growth Portfolio |
Medium |
Low to medium |
|
Sun Life Sionna Canadian Small Cap Equity Class |
Medium to high |
Medium |
|
Sun Life MFS Monthly Income Fund |
Medium |
Low to medium |
|
Sun Life Granite Balanced Growth Class |
Medium |
Low to medium |
|
Sun Life Schroder Emerging Markets Fund |
High |
Medium to high |
|
Sun Life Granite Growth Class |
Medium |
Low to medium |
|
Sun Life Milestone 2020 Fund |
Low to medium |
Low |
|
Sun Life Ryan Labs U.S. Core Fixed Income Fund |
Low to medium |
Low |
New fund series
Sun Life Global Investments has also announced the addition of Series F5, F8, FT5 and FT8 securities. The new Series have been designed to provide an income-oriented solution for Clients who have a fee-based account with their dealer and whose dealer has signed an agreement with Sun Life Global Investments. They are expected to be available on or about February 9, 2018 on the following funds:
|
Mutual Fund Trust |
New Series Added |
|
Sun Life MFS Global Growth Fund |
F5, F8 |
|
Sun Life MFS Global Total Return Fund |
F5 |
|
Sun Life MFS Global Value Fund |
F5, F8 |
|
Sun Life MFS International Growth Fund |
F5, F8 |
|
Sun Life MFS International Value Fund |
F5, F8 |
|
Sun Life MFS U.S. Growth Fund |
F5, F8 |
|
Sun Life MFS U.S. Value Fund |
F5, F8 |
|
Sun Life MFS Monthly Income Fund |
F5 |
|
Sun Life Dynamic Energy Fund |
F5, F8 |
|
Sun Life BlackRock Canadian Balanced Fund |
F5 |
|
Sun Life BlackRock Canadian Equity Fund |
F5, F8 |
|
Sun Life Granite Balanced Growth Portfolio |
F5, F8 |
|
Sun Life Granite Balanced Portfolio |
F5 |
|
Sun Life Granite Conservative Portfolio |
F5 |
|
Sun Life Granite Growth Portfolio |
F5, F8 |
|
Sun Life Granite Moderate Portfolio |
F5 |
|
Sun Life Granite Income Portfolio |
F5 |
|
Sun Life Dynamic American Value Fund |
F5, F8 |
|
Sun Life Schroder Global Mid Cap Fund |
F5, F8 |
|
Sun Life Infrastructure Fund |
F5, F8 |
|
Sun Life MFS Low Volatility Global Equity Fund |
F5, F8 |
|
Sun Life MFS Low Volatility International Equity Fund |
F5, F8 |
|
Corporate Class |
New Series Added |
|
Sun Life BlackRock Canadian Balanced Class |
FT5 |
|
Sun Life BlackRock Canadian Composite Equity Class |
FT5 |
|
Sun Life BlackRock Canadian Equity Class |
FT5, FT8 |
|
Sun Life Dynamic Equity Income Class |
FT5 |
|
Sun Life Dynamic Strategic Yield Class |
FT5 |
|
Sun Life Granite Balanced Class |
FT5 |
|
Sun Life Granite Balanced Growth Class |
FT5, FT8 |
|
Sun Life Granite Conservative Class |
FT5 |
|
Sun Life Granite Growth Class |
FT5, FT8 |
|
Sun Life Granite Moderate Class |
FT5 |
|
Sun Life MFS Canadian Equity Class |
FT5 |
|
Sun Life MFS Dividend Income Class |
FT5 |
|
Sun Life MFS Global Growth Class |
FT5, FT8 |
|
Sun Life MFS International Growth Class |
FT5, FT8 |
|
Sun Life MFS U.S. Growth Class |
FT5, FT8 |
|
Sun Life Sentry Value Class |
FT5 |
|
Sun Life Trimark Canadian Class |
FT5 |
|
Sun Life Franklin Bissett Canadian Equity Class |
FT5 |
|
Sun Life Sionna Canadian Small Cap Equity Class |
FT5 |
About Sun Life Global Investments (Canada) Inc.
Sun Life Global Investments is a subsidiary of Sun Life Financial Inc. It offers Canadians a diverse lineup of mutual funds and innovative portfolio solutions, empowering them to pursue their financial goals at every life stage. We bring together the strength of one of Canada's most trusted names in financial services with some of the best asset managers from around the world to deliver a truly global investment platform. Sun Life Global Investments manages $20 billion on behalf of institutional and retail investors from coast to coast and is a member of the Sun Life Financial group of companies. For more information, visit www.sunlifeglobalinvestments.com or connect with us on Twitter @SLGI_Canada.
About Sun Life Financial
Sun Life Financial is a leading international financial services organization providing a diverse range of insurance, wealth and asset management solutions to individuals and corporate Clients. Sun Life Financial has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of September 30, 2017, Sun Life Financial had total assets under management of $934 billion. For more information please visit www.sunlife.com.
Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.
Note to Editors: All figures in Canadian dollars.
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.
Media Relations Contact:
Derek Kirk
Manager, Media & PR
Corporate Communications
T. 416-432-2996
derek.kirk@sunlife.com
SOURCE Sun Life Global Investments (Canada) Inc.
