Current Price
As of Jun 14, 2024
$8.4329 CAD
-$0.0063 CAD | -0.07%
Overall Morningstar™ rating
3 Star Rating
Out of 294 Funds
CIFSC category
Tactical Balanced

Risk profile

Low to medium

MER
As of Dec 31, 2023
2.24%
Key reasons to invest in Sun Life Dynamic Strategic Yield Fund
  • A core North American balanced fund that offers an attractive level of monthly income and the potential for capital growth
  • Diversified portfolio of fixed income, income-oriented equities and alternative investments
  • Active management that monitors asset allocation and security selection within a capital preservation philosophy
    Fund essentials

    • Inception date
      Jan 17, 2013
    • Benchmark
      Blended benchmark
    • Management fee
      1.80%
    • Fund assets
      As of May 31, 2024
      $136.3M
    • Number of holdings
      As of Apr 30, 2024
      63
    • Distribution frequency
      Monthly
    • Min initial investment
      $500
    • Min additional investment
      $50
    Fund codes
    ISCSUN 178DSCSUN 278LSCSUN 378
    Performance

    Investment growth

    May 31, 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 May 31, 2024
    Fund %
    1 mth3 mth6 mth1 yr3 yr5 yr10 yrSince inception
    Fund %2.40.94.95.81.32.93.14.0

    Calendar returns

    As of May 31, 2024
    Fund %
    • **For the period January 17 to December 31.
    YTD2023202220212020201920182017201620152014
    Fund %2.23.5-8.213.00.711.5-2.86.11.54.85.9
    • **For the period January 17 to December 31.

    Risk & Statistics

    As of May 31, 2024
    • Risk measures (3 years)
      Funds
    • Standard deviation
      8.34
    • Alpha
      -2.24
    • Beta
      0.92
    • R ²
      90.24
    • Upside capture
      86
    • Downside capture
      102
    • Sharpe Ratio %
      -0.15

    Morningstar Ratingᵀᴹ and Quartile rankings

    As of May 31, 2024
    1 yr3 yr5 yr10 yr
    Morningstarᵀᴹ rating

    2 Star Rating
    2 Star Rating
    3 Star Rating
    Quartile (within category)4333
    # of funds in category308294137137

      Portfolio analysis

      Overall allocation

      As of Mar 31, 2024
      Asset allocation%
      swatch
      Canadian equity34.2
      Fixed income32.5
      U.S. equity23.9
      Cash7.7
      International equity0.9
      Other0.9
      Geographic allocation%
      swatch
      Canada57.4
      United States40.4
      United Kingdom0.6
      Ireland0.4
      Germany0.4
      Switzerland0.3
      Spain0.2
      France0.1
      Australia0.1
      Italy0.1
      Other0.0

        Fixed income allocation

        As of Mar 31, 2024
        Fixed income allocation%
        swatch
        Corporate Bond39.7
        Government35.2
        Cash & Equivalents18.5
        Government-Related3.7
        Swap2.2
        Preferred Stock0.4
        Non-agency Residential Mortgage-Backed0.2
        Asset-Backed0.0
        Agency Mortgage-Backed0.0
        Bank Loan0.0
        Commercial Mortgage-Backed0.0
        Convertible0.0
        Covered Bond0.0
        Future/Forward0.0
        Municipal Taxable0.0
        Municipal Tax-Exempt0.0
        Option/Warrant0.0
        Credit mix%
        swatch
        AAA20.6
        AA29.4
        A10.7
        BBB33.4
        BB3.1
        B0.0
        Below B0.0
        Not Rated2.9

        Morningstar Style Boxᵀᴹ

        As of May 31, 2024

        Fixed income style

        ltd
        mod
        ext
        large
        mid
        small
        Medium/Moderate

        Fixed income characteristics

        As of Mar 31, 2024
        • Yield To Maturity
          4.43%
        • Effective duration (years)
          5.89
        • Average maturity (years)
          10.26
        • Average credit quality
          A
          Holdings

          Top ten holdings

          As of Mar 31, 2024
          HoldingsPercentage%
          1832 AM Investment Grade US Corp Bd Pl I5.1
          Dynamic Short Term Credit PLUS F4.6
          Dynamic Total Return Bond Ser A4.6
          Dynamic Real Estate & Infras Income O3.8
          Canada (Government of) 1.25%3.3
          United States Treasury Notes 2.75%3.1
          Royal Bank of Canada3.0
          United States Treasury Notes 4.125%2.9
          United States Treasury Bonds 3%2.8
          Canada (Government of) 1.5%2.7
            • Cash and cash equivalents are not shown.
            Management & Commentary

            Management

            Management Company :

            SLGI Asset Management Inc.

            Sub-advisors

            1832 Asset Management L.P. (manager of the Dynamic Funds) Toronto Ontario

            A pioneer in providing professional investment advice to retail investors, Dynamic Funds has evolved to become one of Canada's most recognized wealth management firms.

            Documents

            Notes and disclosures

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

                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.

                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.

                Sun Life Dynamic Equity Income Fund and Sun Life Dynamic Strategic Yield Fund each currently invest in an underlying fund. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund/ETF investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

                Distributions should not be confused with "yield" or "income", and are not intended to reflect a fund's investment performance or rate of return. Distributions may be comprised of income, capital gains or return of capital. The distribution rate on units held by an investor may be greater than the return on the fund's investments. If the cash distributions paid to an investor are greater than the net increase in the value of the investment, the distribution will erode the value of the original investment. Distributions are automatically reinvested in additional units of the applicable fund unless the investor instructs us to distribute cash.

                If necessary, a fund will make an additional distribution of income and capital gains in December of each year. The funds may make additional distributions of income, capital gains or return of capital at any other time as we consider appropriate. A distribution of capital is not immediately taxable to an investor but will reduce the adjusted cost basis of the investor's units.

                There can be no assurance that a fund will make any distributions in any particular month, and we reserve the right to adjust the amount of monthly distribution if we consider it appropriate, without notice.

                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.

                © 2022 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.