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Fund Profile

Sun Life Tactical Balanced ETF Portfolio

$10.4877
CAD
Net asset value per security (NAVPS) as of August 23, 2019
$-0.0886 -0.84%
Benchmark

Blended benchmark§

Fund category

Global Neutral Balanced

MorningstarTM Rating

-

Funds in category

-

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

 

Portfolio analysis (as of June 30, 2019)

Composition

%
Cash 3.9
Fixed income 35.2
Canadian equity 18.6
U.S. equity 19.6
International equity 12.6
Emg markets equity 1.1
Other 9.0

Equity style

Fixed inc style


Geographic composition %
 
Canada 46.0
United States 34.4
Japan 3.2
United Kingdom 2.3
China 1.3
France 1.0
Germany 1.0
South Korea 1.0
Australia 0.9
Switzerland 0.9
Others 8.0
Fixed income %
of fixed income allocation
Government bonds 49.0
Corporate bonds 35.3
Securitized 5.0
Cash & Equivalents 10.6
Derivatives 0.0

Credit quality %
of fixed income allocation
AAA 32.3
AA 27.9
A 13.6
BBB 13.3
BB 4.8
B 3.4
Below B 0.7
Not Rated 4.0
Global equity sectors* %
as of June 30, 2019
of equity allocation
Utilities 3.4
Energy 9.2
Financials 20.4
Materials 6.9
Consumer discretionary 7.9
Consumer staples 5.9
Telecommunication services 6.9
Industrials 10.9
Health care 7.6
Information technology 11.7
Real Estate 9.2

Top ten holdings %
as of June 30, 2019
Sun Life BlackRock Cdn Univ Bond 21.3
Sun Life BlackRock Cdn Composite Equity 18.0
iShares Core S&P 500 ETF 16.1
SPDR® Portfolio Developed Wld ex-US ETF 9.0
Sun Life Granite Tactical Completion C-I 8.2
iShares Core US Aggregate Bond ETF 6.0
iShares Core MSCI Emerging Markets ETF 3.1
iShares iBoxx $ Invmt Grade Corp Bd ETF 2.2
Vanguard Emerging Mkts Govt Bd ETF 2.1
Vanguard Small-Cap ETF 1.8
Total number of portfolio holdings 19

Performance analysis (as of July 31, 2019)

Calendar year YTD 2018* 2017 2016 2015 2014 2013 2012 2011 2010 2009
Total assets $M - - - - - - - - - - -
Fund return % - - - - - - - - - - -
Category return % - - - - - - - - - - -
Distribution $/security - - - - - - - - - - -
Quartile
(within category)
- - - - - - - - - - -
Trailing 1 mth 3 mth 6 mth 1 yr 2 yr 3 yr 5 yr 10 yr Since
inception
Fund return % - - - - - - - - -
Category return % - - - - - - - - -
MorningstarTM rating - - - - - - - - -
Quartile
(within category)
- - - - - - - - -
# of funds in category - - - - - - - - -
Calendar yearTrailing

Calendar year

Total assets $M

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

Fund return %

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

Category return %

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

Distribution $/security

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

Quartile (within category)

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

Trailing

Fund return %

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

Category return %

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

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
  • -
  • -
  • -
  • -
  • -
  • -
  • -
  • -
  • -

# of funds in category

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

*For the period October 26 to December 31.

3-YEAR RISK MEASURES (as of July 31, 2019)

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 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.
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

The calculator generates an approximate rate of return using performance information as at the first business day of each month in your chosen time frame. Returns for funds less than 1 year old cannot be displayed. The default settings invest $10,000 on the inception date of the fund, with an end date of January in the current year. For informational purposes, the initial investment amount and time frame can be adjusted according to your preference.

Investment management approach

Sun Life Global Investments

The Sun Life Global Investments Portfolio Management Team manages the firm's sub-advisory, asset manager relationships and the asset allocation solutions for Canadian investors.

The team benefits from access to a global network of investment professionals and some of the best asset managers around the world. With a focus on risk management, their rigorous selection and monitoring process provides access to leading asset managers who use insight, innovation and informed decisions to manage some of the highest-quality investment solutions for Canadian investors.

In managing asset allocation portfolios, the team incorporates strategic asset allocation principles with tactical overlay management and a strong fund manager oversight process to add value and/or reduce risk to investor portfolios over time.

Overview

Investment objective

The Fund's investment objective is to seek capital appreciation and income, with a small bias towards capital appreciation, by investing primarily in a mix of equity and fixed income exchange traded funds and other mutual funds.

 

This Fund may be suitable for investors who:

  • seek capital appreciation and income, with a small bias towards capital appreciation;
  • seek diversification through a broad range of asset classes, geographies and investment styles;
  • are medium to long term investors; and
  • are comfortable with low to medium investment risk.
 

Fund essentials

Inception date October 26, 2018
Min initial inv $ 250
Min additional inv $ 50
MER % unaudited as at December 31, 2018 1.95
Management fee % 1.50
Distributions A distribution may be applicable for this fund. Refer to Simplified Prospectus for more detail.
 

Management company
Sun Life Global Investments Canada, Toronto, Ontario

Class Load structure Currency Fund Code
A ISC CAD SUN7100
 

Risk profile

Risk profile: Low-to-medium
A distribution may be applicable for this fund. Refer to Simplified Prospectus for more detail.

Management team

Sun Life Global Investments (Canada) Inc.:

  • Sadiq S. Adatia, CFA, Chief Investment Officer, Portfolio Manager;
  • Chhad Aul, CFA, Portfolio Manager;
  • Kathrin Forrest, CFA, Portfolio Manager
 

Notes and Disclaimers

§ Blended benchmark: 2.5% FTSE Canada 91 Day T-Bill Index, 21.5% FTSE Canada Universe Bond Index, 16.0% Barclays Global Aggregate C$ hedged index, 19.0% S&P/TSX Capped Composite Index, 41.0% MSCI World 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 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.  

Sun Life Tactical ETF Portfolios invest in mutual funds and/or exchange traded funds (ETFs).

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.