This update aims to simplify our processes and provide you with a more streamlined investment experience. It not only meets industry standards but also reflects our goal to keep Clients at the center of the business.
July 15, 2025
Changes in Mutual Fund Terms for New and Additional Subscriptions
In keeping with our promise to provide you with a delightful investment experience at Sun Life Asset Management Company, Inc (SLAMCI), we are pleased to share with you important updates. Effective July 15, 2025, we are implementing the following changes:
- Removal of sales load for all Sun Life Prosperity Funds
- Removal of holding period and redemption fee for select Sun Life Prosperity Funds.
This update aims to simplify our processes and provide you with a more streamlined investment experience. It not only meets industry standards but also reflects our goal to keep Clients at the center of the business.
Kindly note that these adjustments will apply to new and additional subscriptions made July 15 and onwards. This means your entire subscription amount will be fully invested from day one, with no upfront deductions.
Meanwhile, subscriptions made prior to this date will still follow the current sales load options (front-end and back-end), in accordance with the terms agreed upon at the time of purchase.
Removal of Sales Loads
Here’s what you can expect with the removal of the sales load:
- With the removal of the front-end sales load, your entire investment amount is now allocated directly to the mutual fund without any upfront deductions. This means you no longer need to factor in initial charges when planning your investments, making it more efficient and straightforward.
- With the removal of the back-end sales load, you have greater control over your investments. You can redeem your holdings at any time without worrying about incurring exit fees. This provides you with the flexibility to respond to changing financial priorities.
Removal of Holding Period
The removal of the holding period and redemption fee applies to the following funds effective July 15, 2025:
| SUN LIFE PROSPERITY FUNDS | HOLDING PERIOD | ||
| FROM | TO | ||
| PHP | Peso Starter Fund | 7 Days | None |
| PHP | Dynamic Fund | 30 Days | None |
| PHP | World Income Fund | 30 Days | None |
| PHP | World Equity Index Feeder Fund | 30 Days | None |
| PHP | Achiever Fund 2028 | Until Year 2028 | None |
| PHP | Achiever Fund 2038 | Until Year 2038 | None |
| PHP | Achiever Fund 2048 | Until Year 2048 | None |
| USD | Dollar Wellspring Fund | 180 Days | None |
This means you will no longer be subject to minimum retention periods or penalties anytime you wish to redeem your funds, paving the way for easier access to your investments when needed.
What to Expect in the Subscription Process
Our systems are currently being updated to reflect the changes mentioned above. While this is being completed, the current subscription process will still be followed.
- When making new or additional subscriptions on or after July 15, 2025, you will still be required to indicate a sales load (front-end or back-end) in the form or in the online applications.
- Once we receive your complete request, we will make the necessary adjustments to ensure that no deductions and no holding period will be applied.
Rest assured that the adjustments will be reflected and that you will be informed once the subscription process is updated.
For your reference, please see below for the channels where you can make your next subscription, as well as investor information documents and transaction guides to help you in making your next investment.
- To access the form for new and additional subscriptions, click HERE.
- To know the payment channels, click HERE.
Should you have inquiries or concerns, you may reach out to your Sun Life Mutual Fund Advisor or contact us through:
- SUNLINK Client Care: (+632) 8849-9888*
- EMAIL: sunlink@sunlife.com (8AM - 5PM, Mon-Fri, except holidays)
*Calls outside the Philippines may incur international call charges
Thank you for your continued support!
Frequently Asked Questions
The removal of the sales load and holding period will take effect on July 15, 2025. All new and additional subscriptions made starting this date will automatically follow the new fee structure.
This change will only apply to new and additional subscriptions made on or after July 15, 2025. Existing investments made before July 15, 2025 will continue to follow the original sales load structure and holding period. Redemptions or switches made within the holding period of these investments will still be subject to exit fees, in accordance with the terms agreed upon at the time of purchase.
No, there are no fees that will replace the sales loads. If you subscribe starting July 15, 2025, your entire investment amount will be fully allocated to the fund with no deductions and no holding period.
The removal of sales loads will not have any effect on the performance of the fund and, ultimately, your returns.
The change does not impact the fund’s NAV or pricing methodology. The NAV will continue to be calculated based on the total value of the fund minus its liabilities and divided by the number of outstanding shares or units.
Moreover, all existing fund-related fees, such as management and distribution fees, transfer agency fees, custodianship fees, and fund accounting fees, are already embedded in the NAV and will remain unchanged. These ensure that the fund pricing remains consistent, transparent, and in line with regulatory standards.
The fund’s investment policy, strategy, objectives, and professional management will remain unchanged. This update applies only to the subscription structure and not how the funds are invested.
Subscriptions made on July 11, 2025, even if they are set to be confirmed on July 15, 2025, will still be subject to old sales load structure. This is because the determining factor for the applicable sales load is the transaction or subscription date, not the confirmation date. The old sales load rates and corresponding holding periods will still be applied for subscriptions made before July 15, 2025.
The current subscription process will still be followed while our systems are currently being updated to reflect the changes. Please be guided by the steps below:
- When making new or additional subscriptions starting July 15, 2025, you will still be required to indicate a sales load (front-end or back-end) in the form.
- Once we receive the completed request, we will make the necessary adjustments to ensure that no deductions and no holding period will be applied.
Rest assured that the adjustments will be reflected and that you will be informed once the subscription process is updated.
Should you have inquiries or concerns, feel free to talk to your Sun Life Mutual Fund Financial Advisor or contact us through:
- SUNLINK Client Care: (+632) 8849-9888*
- EMAIL: sunlink@sunlife.com (8AM - 5PM, Mon-Fri, except holidays)
*Calls outside the Philippines may incur international call charges