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Sun Life Sentry Conservative Balanced Fund

$9.3867
Net asset value per security (NAVPS) as of September 21, 2017
$0.0131 0.14%
Benchmark

Blended benchmark§

Fund category

Canadian Neutral Balanced

MorningstarTM Rating

-

Funds in category

-

Mutual fund categories are maintained by the Canadian Investment Funds Standards Committee (CIFSC).

 

Portfolio analysis (as of July 31, 2017)

Composition

%
Cash 15.1
Fixed income 46.2
Canadian equity 28.3
U.S. equity 6.9
International equity 0.0
Emg markets equity 0.0
Other 3.4

Equity style

Fixed inc style


Geographic composition %
 
Canada 82.1
United States 12.4
China 0.0
Germany 2.0
Japan 0.0
United Kingdom 1.3
Others 2.2
Fixed income %
of fixed income allocation
Government bonds 39.9
Corporate bonds 34.3
Securitized 0.8
Cash & Equivalents 25.0
Derivatives 0.0

Credit quality %
of fixed income allocation
AAA 39.4
AA 18.0
A 6.2
BBB 29.6
BB 4.1
B 1.1
Below B 0.0
Not Rated 1.6
Global equity sectors* %
as of July 31, 2017
of equity allocation
Utilities 3.3
Energy 2.6
Financials 20.2
Materials 11.8
Consumer discretionary 3.7
Consumer staples 12.9
Telecommunication services 0.0
Industrials 11.0
Health care 6.4
Information technology 11.5
Real Estate 16.6

Top ten holdings %
as of July 31, 2017
Canada Govt 3.5% 2045-12-01 3.2
Brookfield Asset Management Inc Class A 2.6
CGI Group Inc A 2.4
The Toronto-Dominion Bank 2.3
Cigna Corp 2.2
IGM Financial Inc 2.2
Canada Govt 0.75% 2021-09-01 2.1
Canada Govt 1.5% 2026-06-01 2.1
Alimentation Couche-Tard Inc B 1.9
Canada Govt 1% 2027-06-01 1.8
Total number of portfolio holdings 93

Performance analysis (as of August 31, 2017)

CALENDAR YEAR YTD 2016 2015* 2014 2013 2012 2011 2010 2009 2008 2007
Total assets $M 3.9 3.6 0.8 - - - - - - - -
Fund return % 2.8 7.2 -5.8 - - - - - - - -
Category return % 2.0 7.9 - - - - - - - - -
Distribution $/security 0.24 0.36 0.33 - - - - - - - -
Quartile
(within category)
2 2 - - - - - - - - -
TRAILING 1 mth 3 mth 6 mth 1 yr 2 yr 3 yr 5 yr 10 yr Since
inception
Fund return % 1.2 -0.8 2.0 2.5 5.0 - - - 1.5
Category return % 0.5 -1.7 0.5 3.3 4.6 - - - -
MorningstarTM rating - - - - - - - - -
Quartile
(within category)
1 1 1 3 2 - - - -
# of funds in category 654 653 642 625 531 - - - -
CALENDAR YEARTRAILING

CALENDAR YEAR

Total assets $M

  • YTD
  • 2016
  • 2015*
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 3.9
  • 3.6
  • 0.8
  • -
  • -
  • -
  • -
  • -
  • -
  • -
  • -

Fund return %

  • YTD
  • 2016
  • 2015*
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2.8
  • 7.2
  • -5.8
  • -
  • -
  • -
  • -
  • -
  • -
  • -
  • -

Category return %

  • YTD
  • 2016
  • 2015*
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2.0
  • 7.9
  • -
  • -
  • -
  • -
  • -
  • -
  • -
  • -
  • -

Distribution $/security

  • YTD
  • 2016
  • 2015*
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 0.24
  • 0.36
  • 0.33
  • -
  • -
  • -
  • -
  • -
  • -
  • -
  • -

Quartile (within category)

  • YTD
  • 2016
  • 2015*
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2
  • 2
  • -
  • -
  • -
  • -
  • -
  • -
  • -
  • -
  • -

TRAILING

Fund return %

  • 1 mth
  • 3 mth
  • 6 mth
  • 1 yr
  • 2 yr
  • 3 yr
  • 5 yr
  • 10 yr
  • Since inception
  • 1.2
  • -0.8
  • 2.0
  • 2.5
  • 5.0
  • -
  • -
  • -
  • 1.5

Category return %

  • 1 mth
  • 3 mth
  • 6 mth
  • 1 yr
  • 2 yr
  • 3 yr
  • 5 yr
  • 10 yr
  • Since inception
  • 0.5
  • -1.7
  • 0.5
  • 3.3
  • 4.6
  • -
  • -
  • -
  • -

Morningstar TM rating

  • 1 mth
  • 3 mth
  • 6 mth
  • 1 yr
  • 2 yr
  • 3 yr
  • 5 yr
  • 10 yr
  • Since inception
  • -
  • -
  • -
  • -
  • -
  • -
  • -
  • -
  • -

Quartile
(within category)

  • 1 mth
  • 3 mth
  • 6 mth
  • 1 yr
  • 2 yr
  • 3 yr
  • 5 yr
  • 10 yr
  • Since inception
  • 1
  • 1
  • 1
  • 3
  • 2
  • -
  • -
  • -
  • -

# of funds in category

  • 1 mth
  • 3 mth
  • 6 mth
  • 1 yr
  • 2 yr
  • 3 yr
  • 5 yr
  • 10 yr
  • Since inception
  • 654
  • 653
  • 642
  • 625
  • 531
  • -
  • -
  • -
  • -

*For the period February 02 to December 31.

3-YEAR RISK MEASURES (as of August 31, 2017)

Annualized returns are used to calculate the risk metrics below.
Standard deviation (fund) - Sharpe ratio - Alpha -
Standard deviation (category) - R2 - Beta -
Standard deviation (fund) -
Sharpe ratio -
Alpha -
Standard deviation (category) -
R2 -
Beta -
  • Standard deviation: Standard deviation measures volatility, which is often used as an indicator of risk. In general, funds with higher standard deviation (higher volatility) will have returns that change more over time. They typically have a greater chance of losing money and may have a greater chance of higher returns. Funds with lower standard deviation (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.
  • Sharpe ratio: The Sharpe ratio combines a risk measurement and a return measurement into a single number. It uses standard deviation (defined above) to determine a fund's risk per unit of return, otherwise known as a "risk-adjusted" return. A higher Sharpe ratio is better. When comparing two funds, the one with the higher Sharpe ratio outperformed the one with the lower ratio on a risk-adjusted basis.
  • R2: (pronounced "R-squared") measures how much of a fund's price movement can be attributed to the movement of the fund's benchmark. On a scale of 0-100, an R2 of 100 means 100% of the fund's price movement can be explained by the movement of the benchmark. An R2 of 85 means 85% of the fund's price movement can be explained by the movement of the benchmark, with 15% of the fund's price movement due to other factors.
  • Alpha: Alpha measures the difference between a fund's return and the return of its benchmark, taking into consideration volatility. An alpha of 1 means a fund outperformed its benchmark by 1 percentage point over the period with the same volatility. An alpha of -1 means the fund underperformed its benchmark by 1 percentage point.
  • Beta: Beta measures the price movement of a security in relation to its benchmark. A security with a beta higher than 1 means the security's price movement is more extreme (up or down) than the benchmark's. A security with a beta lower than 1 means the security's price movement is less extreme than the benchmark's. A beta of 1 means the security moves in step with its benchmark.
Risk Measures are not available for funds with a history of less than three years.

Current value of a $10,000 investment

$

Time frame:

Update

Returns for funds less than 1 year old cannot be displayed. The growth of $10k calculator calculates an approximate rate of return using the performance information as at the first business day of each month in your chosen time-frame.

Investment management approach

The ultimate goal of Sentry's investment process is to provide superior risk-adjusted returns. Sentry gives portfolio managers the latitude to manage portfolios free of traditional benchmark constraints.

The investment team does all its own research, focusing particularly on strong balance sheets, growing free cash flow and return on capital. The attributes Sentry's portfolio managers look for have led to companies that have the means to engage in shareholder-friendly behaviour such as buying back shares, or paying and increasing dividends to provide the income investors need.

Overview

NOTE: Effective on or about October 27, 2017, Sun Life Global Investments proposes to merge Sun Life Sentry Conservative Balanced Fund into Sun Life Granite Income Portfolio provided that it receives the required unitholder and regulatory approvals. The unitholder vote is expected to be scheduled on or about October 6, 2017. View press release.

Investment objective

The Fund seeks to provide stable income and long-term capital appreciation, primarily by investing directly in a conservative diversified portfolio of Canadian fixed-income and income-oriented equity securities or indirectly by investing in mutual funds (including exchange-traded funds) that invest in such securities.

 

This Fund may be suitable for investors who:

  • seek a regular source of income and the potential for capital appreciation;
  • are medium to long term investors; and
  • are comfortable with low to medium investment risk.
 

Fund essentials

Inception date Feb 2, 2015
Min initial inv $ 500
Min additional inv $ 50
MER % audited as of December 31, 2016 2.22
Management fee % 1.85
Distributions: $0.0300 per unit per month. Refer to Simplified Prospectus for more detail.

 

 

Management company
Sun Life Global Investments (Canada) Inc.

Sub-advisor
Sentry Investments Inc.
Toronto, Ontario

 
Class Load structure Currency Fund Code
A ISC CAD SUN188
A DSC CAD SUN288
A LSC CAD SUN388
 

Risk profile

Risk profile: Low-to-medium
Refer to the Simplified Prospectus for greater detail.

Management team

Sentry Investments:

  • Michael Simpson, CFA, Senior Vice President and Senior Portfolio Manager
  • James Dutkiewicz, CFA, Chief Investment Strategist and Senior Portfolio Manager

Notes and Disclaimers

§ Blended benchmark: 50% S&P/TSX Composite Index, 50% FTSE/TMX Canada Universe Bond Index.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. For periods greater than one year, the indicated rates of return are the historical annual compounded total returns as of the date indicated 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 security holder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. 

Ratings and/or ranking information is subject to change monthly.

The Morningstar RatingTM for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

Morningstar quartile rankings show how well a fund has performed compared to all other funds in its peer group. Each fund within a peer group is ranked based on its performance, and these rankings are broken into quarters or quartiles. Within a group, the top 25% (or quarter) of the funds are in the first quartile, the next 25% are in the second quartile, the next group in the third quartile, and the bottom 25% of funds with the poorest relative performance are in the fourth quartile. The point in which half the funds had better performance and half had worse performance is the median. If 100 funds are being compared, there would be four quartiles of twenty-five funds each. The median would be the fiftieth fund.

For more details on the calculation of Morningstar star ratings or quartile rankings, please see www.morningstar.ca.

The Morningstar Style BoxTM reveals a fund's investment strategy. For equity funds the vertical axis shows the market capitalization of the stocks owned and the horizontal axis shows investment style (value, blend or growth). For fixed-income funds the vertical axis shows the average credit quality of the bonds owned, and the horizontal axis shows interest rate sensitivity as measured by a bond's duration (short, intermediate or long).

Average credit quality gives a snapshot of the fund's overall credit quality. It is an average of each fixed income security's credit rating, adjusted for its relative weighting in the fixed income portion of the fund. Morningstar, Inc. is not itself a Designated Rating Organization (DRO), nor does it issue a credit rating on the fund. A DRO's ratings can change from time-to-time.

Morningstar category averages are equal-weighted category returns. The calculation is simply the average of the returns for all the funds in a given category. The standard category average calculation is based on constituents of the category at the end of the period.

Categories are assigned by Canadian Investment Funds Standards Committee (CIFSC) based on an evaluation of a fund's holdings. A fund's category may change at any time. Funds within the same category may differ in terms of investment philosophy, investment process, as well as overall composition.

The calculators found on this website and/or within fund pages generated by this website and by users are provided for illustrative purposes only. The calculators are educational and/or illustrative tools and do not constitute advice with respect to investment, insurance, financial, legal, tax, accounting or similar matters. 

The Global Industry Classification Standard ("GICS") was developed by and is the exclusive property and a service mark of MSCI Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P") and is licensed for use by Sun Life Global Investments (Canada) Inc. Neither MSCI, S&P, nor any other party involved in making or compiling the GICS or any GICS classifications makes any express or implied warranties or representations with respect to such standard or classification (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability and fitness for a particular purpose with respect to any of such standard or classification. Without limiting any of the foregoing, in no event shall MSCI, S&P, any of their affiliates or any third party involved in making or compiling the GICS or any GICS classifications have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.

The information contained in this fund page/profile is designed to provide you with general information related to the fund and investment alternatives and strategies and is not intended to be comprehensive investment advice applicable to individual circumstances. We strongly recommend that investors consult with a financial advisor prior to making any investment decisions.

© 2017 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.