Current Price
As of Oct 29, 2024
$16.3842 CAD
-$0.0107 CAD | -0.07%
Overall Morningstar™ rating
3 Star Rating
Out of 1058 Funds
CIFSC category
Global Equity Balanced

Risk profile

Low to medium

MER
As of Jun 30, 2024
1.07%
Key reasons to invest in Sun Life Granite Balanced Growth Portfolio
  • An actively managed portfolio diversified by a broad range of asset classes, geographies, investment styles and managers
  • Designed for capital growth and income by investing in a strategic mix of 70% equity and 30% fixed income funds, with an emphasis towards equity
  • Tactical adjustments allow the portfolio manager to adapt to changing market conditions
    Fund essentials

    • Inception date
      Jan 17, 2012
    • Benchmark
      Blended benchmark
    • Management fee
      0.80%
    • Fund assets
      As of Sep 30, 2024
      $1.8B
    • Number of holdings
      As of Aug 31, 2024
      29
    • Distribution frequency
      Annually
    • Min initial investment
      $500
    • Min additional investment
      $50
    Fund codes
    NLSUN 450
    Performance

    Investment growth

    Sep 30, 2024

    • 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.

    Compound returns

    As of Sep 30, 2024
    Fund %
    1 mth3 mth6 mth1 yr3 yr5 yr10 yrSince inception
    Fund %2.26.37.822.74.76.66.98.0

    Calendar returns

    As of Sep 30, 2024
    Fund %
      YTD2023202220212020201920182017201620152014
      Fund %14.09.5-11.711.28.415.7-2.39.65.08.711.5

        Risk & Statistics

        As of Sep 30, 2024
        • Risk measures (3 years)
          Funds
        • Standard deviation
          10.31
        • Alpha
          -2.54
        • Beta
          0.98
        • R ²
          98.59
        • Upside capture
          91
        • Downside capture
          108
        • Sharpe Ratio %
          0.17

        Morningstar Ratingᵀᴹ and Quartile rankings

        As of Sep 30, 2024
        1 yr3 yr5 yr10 yr
        Morningstarᵀᴹ rating

        3 Star Rating
        3 Star Rating
        3 Star Rating
        Quartile (within category)2332
        # of funds in category11971058516516

          Portfolio analysis

          Overall allocation

          As of Aug 31, 2024
          Asset allocation%
          swatch
          U.S. equity24.2
          International equity22.2
          Fixed income22.0
          Canadian equity17.2
          Other10.6
          Cash1.9
          Emg markets equity1.9
          Geographic allocation%
          swatch
          United States35.5
          Canada32.5
          United Kingdom3.6
          Japan2.9
          India2.6
          France2.2
          China2.1
          Taiwan2.0
          Switzerland1.7
          South Korea1.5
          Other13.4

            Equity allocation

            As of Aug 31, 2024
            Sector allocation*%
            swatch
            Financials19.1
            Information technology18.4
            Industrials14.7
            Consumer discretionary7.8
            Energy6.4
            Materials6.3
            Health care6.0
            Consumer staples5.8
            Real Estate5.3
            Telecommunication services5.3
            Utilities5.0
            • *Global Industry Classification Standard (GICS).

            Fixed income allocation

            As of Aug 31, 2024
            Fixed income allocation%
            swatch
            Government30.8
            Corporate Bond27.5
            Government-Related17.7
            Agency Mortgage-Backed6.0
            Cash & Equivalents5.2
            Asset-Backed4.4
            Future/Forward3.8
            Bank Loan1.9
            Commercial Mortgage-Backed1.6
            Non-agency Residential Mortgage-Backed0.4
            Covered Bond0.3
            Convertible0.3
            Preferred Stock0.0
            Municipal Taxable0.0
            Swap0.0
            Municipal Tax-Exempt0.0
            Option/Warrant0.0
            Credit mix%
            swatch
            AAA16.6
            AA32.2
            A12.0
            BBB19.1
            BB9.0
            B4.3
            Below B1.3
            Not Rated5.3

            Morningstar Style Boxᵀᴹ

            As of Sep 30, 2024

            Equity style

            value
            blend
            growth
            large
            mid
            small
            Large blend

            Fixed income style

            ltd
            mod
            ext
            large
            mid
            small
            Medium/Extensive

            Fixed income characteristics

            As of Aug 31, 2024
            • Yield To Maturity
              4.89%
            • Effective duration (years)
              6.99
            • Average maturity (years)
              11.42
            • Average credit quality
              A
              Holdings

              Top ten holdings

              As of Aug 31, 2024
              HoldingsPercentage%
              iShares Core S&P 500 ETF11.8
              Sunlife Granite Tactical Completion Fd I8.5
              Sun Life BlackRock Cdn Composite Equity7.8
              Sun Life Real Assets Private Pool I7.5
              PH&N Bond Fund O6.2
              Sun Life Schroder Emerging Markets I5.2
              Sun Life US Core Fixed Inc I4.8
              Sun Life JPMorgan International Eq I4.6
              Sun Life MFS Intl Opportunities I4.6
              Sun Life Acadian International Eq I4.6
                • Cash and cash equivalents are not shown.
                Management & Commentary

                Management

                Management Company :

                SLGI Asset Management Inc.

                image
                The Multi-Asset Solutions Team at Sun Life Global Investments is devoted to fund manager selection, oversight, and building managed solutions for Canadian investors – 100% of their time.

                Commentary

                 
                Quarterly fund commentary | Sun Life Granite Balanced Growth Portfolio
                This sub-advisor commentary explains the fund’s relative performance and the securities and sectors that impacted its returns. It also looks at how the fund is positioned given the manager’s economic and market outlook. New commentary is typically available 30 days after each quarter end.

                Documents

                Notes and disclosures

                  • Portfolio holdings are as at the date indicated and may change due to ongoing portfolio transactions of the investment fund.

                    Sun Life Granite Managed Solutions invest in mutual funds and/or exchange traded funds (ETFs).

                    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.

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

                    The Morningstar Rating™ 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 Box™ 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.

                    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.

                    © 2024 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.