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Fund Profile

Sun Life Excel China Fund

$3.7631
CAD
Net asset value per security (NAVPS) as of July 19, 2019
$0.0260 0.70%
Benchmark

MSCI China Index

Fund category

Greater China Equity

MorningstarTM Rating

Funds in category

54

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

 

Portfolio analysis (as of May 31, 2019)

Composition

%
Cash 7.3
Fixed income 0.0
Canadian equity 0.0
U.S. equity 3.1
International equity 82.9
Emg markets equity 0.0
Other 6.8

Equity style

Market cap %
Giant 79.7
Large 13.3
Medium 7.0
Small 0.0
Micro 0.0

Geographic composition %
China 90.7
Hong Kong 5.2
United States 3.6
Macau 0.5
Others 0.0
Global equity sectors* %
as of May 31, 2019
Utilities 3.9
Energy 4.9
Financials 29.5
Materials 1.2
Consumer discretionary 25.4
Consumer staples 5.5
Telecommunication services 22.2
Industrials 2.1
Health care 0.0
Information technology 0.6
Real Estate 4.8

Top ten holdings %
as of May 31, 2019
Tencent Holdings Ltd 10.7
Alibaba Group Holding Ltd ADR 9.3
Ping An Insurance (Group) Co. of China Ltd Class H 5.1
China Construction Bank Corp Class H 5.1
Industrial And Commercial Bank Of China Ltd Class H 4.9
New China Life Insurance Co Ltd Class H 3.7
China Mobile Ltd 3.4
WH Group Ltd 3.1
TAL Education Group ADR 2.9
Shenzhou International Group Holdings Ltd 2.1
Total number of portfolio holdings 44

Performance analysis (as of June 30, 2019)

Calendar year YTD 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Total assets $M 20.0 21.1 29.3 22.9 28.0 33.5 44.1 45.4 49.2 86.9 110.3
Fund return % 2.2 -12.4 35.1 0.3 12.2 5.6 19.9 12.3 -23.1 -3.2 43.4
Category return % 9.1 -9.2 35.3 -1.6 12.7 14.9 13.8 15.8 -21.3 2.3 40.2
Distribution $/security 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Quartile
(within category)
4 3 3 2 3 4 1 3 4 4 2
Trailing 1 mth 3 mth 6 mth 1 yr 2 yr 3 yr 5 yr 10 yr Since
inception
Fund return % 4.8 -6.2 2.2 -14.3 1.6 9.7 8.6 4.7 -1.1
Category return % 3.8 -4.8 9.1 -4.4 6.2 12.6 10.6 6.6 -
MorningstarTM rating - - - - - -
Quartile
(within category)
1 4 4 4 4 4 4 4 -
# of funds in category 81 80 80 76 56 54 41 22 -
Calendar yearTrailing

Calendar year

Total assets $M

  • YTD
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 20.0
  • 21.1
  • 29.3
  • 22.9
  • 28.0
  • 33.5
  • 44.1
  • 45.4
  • 49.2
  • 86.9
  • 110.3

Fund return %

  • YTD
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2.2
  • -12.4
  • 35.1
  • 0.3
  • 12.2
  • 5.6
  • 19.9
  • 12.3
  • -23.1
  • -3.2
  • 43.4

Category return %

  • YTD
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 9.1
  • -9.2
  • 35.3
  • -1.6
  • 12.7
  • 14.9
  • 13.8
  • 15.8
  • -21.3
  • 2.3
  • 40.2

Distribution $/security

  • YTD
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 0.00
  • 0.00
  • 0.00
  • 0.00
  • 0.00
  • 0.00
  • 0.00
  • 0.00
  • 0.00
  • 0.00
  • 0.00

Quartile (within category)

  • YTD
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 4
  • 3
  • 3
  • 2
  • 3
  • 4
  • 1
  • 3
  • 4
  • 4
  • 2

Trailing

Fund return %

  • 1 mth
  • 3 mth
  • 6 mth
  • 1 yr
  • 2 yr
  • 3 yr
  • 5 yr
  • 10 yr
  • Since inception
  • 4.8
  • -6.2
  • 2.2
  • -14.3
  • 1.6
  • 9.7
  • 8.6
  • 4.7
  • -1.1

Category return %

  • 1 mth
  • 3 mth
  • 6 mth
  • 1 yr
  • 2 yr
  • 3 yr
  • 5 yr
  • 10 yr
  • Since inception
  • 3.8
  • -4.8
  • 9.1
  • -4.4
  • 6.2
  • 12.6
  • 10.6
  • 6.6
  • -

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
  • 4
  • 4
  • 4
  • 4
  • 4
  • 4
  • 4
  • -

# of funds in category

  • 1 mth
  • 3 mth
  • 6 mth
  • 1 yr
  • 2 yr
  • 3 yr
  • 5 yr
  • 10 yr
  • Since inception
  • 81
  • 80
  • 80
  • 76
  • 56
  • 54
  • 41
  • 22
  • -

*For the period January 29 to December 31.

3-YEAR RISK MEASURES (as of June 30, 2019)

Annualized returns are used to calculate the risk metrics below.
Standard deviation (fund) 15.30 Sharpe ratio 0.62 Alpha -2.87
Standard deviation (category) 15.08 R2 93.93 Beta 0.86
Standard deviation (fund) 15.30
Sharpe ratio 0.62
Alpha -2.87
Standard deviation (category) 15.08
R2 93.93
Beta 0.86
  • Standard deviation is a measure of volatility; it shows how broadly returns have varied over a given time period. Generally, a high standard deviation implies greater volatility.
  • Sharpe ratio combines a risk measurement and a return measurement into a single number to determine a fund's risk-adjusted return. A higher value is better.
  • R2: reflects the percentage of a portfolio's movements that can be explained by movements in its benchmark. It is measured on a scale of 0-100.
  • Alpha measures the difference between a fund's return and its benchmark, taking into account volatility (beta). An alpha of 1 means a fund outperformed its benchmark by 1%; -1 means the fund underperformed by 1%.
  • Beta measures the movement of a fund in relation to its benchmark. A beta over 1 means price moves are greater (up or down) than the benchmark's; below 1 means less extreme price moves; 1 means it moves in step with its benchmark.

Current value of a $10,000 investment

$

Time frame:

Update

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Investment management approach

China Asset Management Company Limited

Established in 1998 as one of the first three fund management companies in China, China Asset Management Company Limited is the largest asset manager in China. With over 200 portfolio managers, China AMC has the largest investment and research team in China, serving over 16 million retail investors.

Overview

Note: On June 18, 2018, the Excel China Fund changed its name to the Sun Life Excel China Fund.

Investment objective

The investment objective of Sun Life Excel China Fund is to seek long-term superior growth of capital by investing in equity securities of companies located in China, Hong Kong, Taiwan and other Far East countries. The Fund may also invest in Canadian equity securities which focus on companies doing business in the China region, debt securities of Canadian issuers, derivatives (futures, options and forward contracts) and cash or cash equivalents.

 

This Fund may be suitable for investors who:

  • want exposure to equity securities of companies located in China, Hong Kong, Taiwan and other Far East markets;
  • are willing to accept short-term volatility for potentially higher long-term returns;
  • are seeking a growth component within a diversified portfolio; and
  • can tolerate a higher level of investment risk.
 

Fund essentials

Inception date January 29, 2000
Min initial inv $ 250
Min additional inv $ 50
MER % unaudited as at March 31, 2019 3.05
Management fee % 2.50
Distributions A distribution may be applicable for this fund. Refer to Simplified Prospectus for more detail.
 

Management company
Sun Life Global Investments (Canada) Inc.

Sub-advisor
China Asset Management Company Limited, Beijing, China

 
Class Load structure Currency Fund Code
A ISC CAD SUNL103
A DSC CAD SUNL203
A LSC CAD SUNL303
A ISC USD SUNL813
A DSC USD SUNL823
A LSC USD SUNL833
 

Risk profile

Risk profile: Medium - High
Refer to the Simplified Prospectus for greater detail.

Management team

China Asset Management Company Limited:

  • Guoxi Chen, Portfolio Manager
  • LV Bing, Portfolio Manager
 

Notes and Disclaimers

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 average 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.

Compound growth calculations are used only for the purpose of illustrating the effects of compound growth and are not intended to reflect the future value of any mutual fund or returns on investment in any mutual fund.  

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

Morningstar is an independent organization that groups funds with generally similar investment objectives for comparison purposes and ranks them on a historical basis.

Morningstar star ratings are an objective, quantitative measure of a fund's historical risk-adjusted performance relative to other funds in its category, and are calculated from a fund's 3, 5, and 10-year returns measured against 91-day Treasury bill and peer group returns. The top 10% of the funds in a category earn five stars; the next 22.5% four stars; the following 35% three stars; the next 22.5% two stars, and the bottom 10% one star. The Overall Rating is a weighted combination of the 3, 5, and 10-year ratings. Only funds with at least a three-year track record are considered, and ratings are calculated only for categories with at least 20 funds.

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).

Morningstar Market Capitalization Breakdown Stocks are first divided into seven style zones based on their country of domicile: United States, Latin America, Canada, Europe, Japan, Asia ex-Japan, and Australia/New Zealand. Capitalization assignments are determined as follows: 1) For all stocks in a style zone, the market cap of each stock is converted into a common currency. The stocks in each style zone are ordered in descending order by size, and a cumulative capitalization as a percentage of total sample capitalization is calculated as each stock is added to the list. 2) The stock that causes cumulative capitalization to equal or exceed 40% of the style zone's total cap is the final one assigned to the giant-cap group. 3) The largest of the remaining stocks are assigned to the large-cap group until cumulative capitalization equals or exceeds 70% of the total capitalization of the style zone. 4) The largest of the remaining stocks are assigned to the mid-cap group until cumulative capitalization equals or exceeds 90% of the total capitalization of the style zone. 5) The largest of the remaining stocks are assigned to the small-cap group until cumulative capitalization equals or exceeds 97% of the total capitalization of the style zone. 6) The remaining stocks are assigned to the micro-cap group. The Market Capitalization Breakdown at a fund level is a breakdown of the capitalization assignments of the fund's equity holdings.

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.

© 2019 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.