Fund Type

Sun Life
International Equity

MFS International Equity Segregated Fund

Fund Details Performance as of 09-30-2023
Underlying Fund MFS International Equity II 30
Growth of $10,000
Fund
26 Fund
Fund Manager MFS Investment
Management Canada Limited 22 Benchmark

18
Investment Objective
14
The Fund seeks to outperform the MSCI EAFE Index over
full market cycles while maintaining a consistent style 10
discipline. MFS believes: (i) Companies with above- 6
average returns over the long term have the potential for 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 YTD Calendar Year
compounded growth irrespective of economic conditions.
(ii) Stocks trading at a discount to their projected value 26.5 4.0 19.6 -2.3 21.0 -2.1 22.5 9.4 15.1 -8.5 6.9 Fund
have the potential for multiple expansion and (iii) A long- 31.0 3.7 19.0 -2.5 16.8 -6.0 15.8 5.9 10.3 -8.2 6.8 Benchmark
term focus capitalizes on opportunities created by
investors with shorter investment horizons. 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 10 Yr YTD Trailing Return %
21.9 2.2 7.1 7.2 7.3 9.0 6.9 Fund
Investment Strategy 23.6 0.2 6.2 5.0 4.2 6.7 6.8 Benchmark
MFS employs bottom-up, fundamental analysis to Benchmark Description: MSCI EAFE (Net) Index (Cdn $)
identify companies with sustainable above-average Portfolio Analysis as of 09-30-2023
growth and returns. The fund typically invests in a
Composition % Assets Equity Style Market Cap %
moderate number of stocks, with a focus on large
capitalization companies. Cash 1.5 Giant 52.9

Large Mid
Fixed Income 0.0
Large 41.7
Investment Risk Canadian Equity 4.1
Medium 5.4
The following risk assessment is based upon the fund's US Equity 2.4
Small 0.0
International Equity 92.0

Small
investment objective and strategy.
Other 0.0 Micro 0.0
Low High
Value Blend Growth
Global Equity Sectors % Equity % Bmark
Risk: Moderate-High Top 10 Holdings % Assets
Nestle SA 3.3 Energy 3.2 —
The investment risks for this fund include: Foreign Materials 8.1 —
Investment, Issuer and Market Risk. Other investment Air Liquide SA 3.0
Schneider Electric SE 2.8 Industrials 18.4 —
risks may apply.
Roche Holding AG 2.4 Consumer Discretionary 11.9 —
More Information LVMH Moet Hennessy Louis Vuitton SE 2.4 Consumer Staples 12.0 —
Health Care 15.2 —
For a more detailed description of the fund manager and Novo Nordisk A/S Class B 2.3
Financials 17.9 —
investment risks, sign in to the Plan Member Services Capgemini SE 2.2
Information Technology 10.1 —
website and link to Morningstar Canada, or contact Sun SAP SE 2.2
Life’s Customer Care Centre. For definitions, investment Communication Services 1.7 —
Hitachi Ltd 2.1
terms and fund performance calculation, check out the Utilities 1.4 —
Compass Group PLC 2.1
Jargon section of the website. Real Estate — —
Total Number of Portfolio Holdings 87 Unclassified 0.0 0.0
How this fund integrates ESG Total Number of Underlying Holdings 87
Total Number of Stock Holdings 80 Top 5 Countries (Equity) % Equity
MFS integrate ESG factors into investment process,
Total Number of Bond Holdings 0 France 19.1
proxy voting and company engagement. MFS require all
material factors, including ESG, are considered in the Switzerland 15.0
investment decision-making process. Each analyst and Japan 14.2
portfolio manager is responsible for integrating material United Kingdom 11.8
ESG factors into conversations with management, Germany 9.5
financial modeling, valuation and security selection Performance and Holdings Information: This segregated fund is an investment product offered under an insurance contract issued by
decisions. Sun Life Assurance Company of Canada. All amounts allocated may increase or decrease in value according to the fluctuations in the
market. The fund rates of return reflect the percentage change in value over a specified time period and if greater than one year, the
returns are annualized. To provide a longer performance history, the returns are linked to the performance of the underlying fund. They
are stated before investment management fees and include the reinvestment of all distributions and may not match exactly those of the
underlying fund. They do not include any administrative charges or taxes payable by you. Past performance may not be repeated. The
holding information provided reflects the composition of the underlying fund. Index data source: Various providers, including MSCI,
FTSE, S&P, BMO, Russell, JP Morgan. The index providers make no express or implied warranties or representations and shall have no
liability whatsoever with respect to any data contained herein. The index data may not be further redistributed or used as a basis for
other indices or any securities of financial products. This report is not approved, reviewed or produced by the index providers. Sun Life
makes no representations or warranties about the completeness, reliability, and accuracy of the index source data. Any action you take
upon reliance of the index source data is strictly at your own risk.

©2023. 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. ?