Current Price
As of Sep 25, 2023
$13.9760 CAD
-$0.1020 CAD | -0.72%
Overall Morningstar™ rating
1 Star Rating
Out of 12 Funds
CIFSC category
2035 Target Date Portfolio

Risk profile

Low to medium

As of Jun 30, 2023
Key reasons to invest in Sun Life Milestone 2035 Fund
  • This target date fund is designed for those saving toward a particular goal in 2035
  • The asset mix is professionally managed, and automatically becomes more conservative as the maturity date approaches
  • Helps protect against market volatility by offering a guaranteed value if you hold to maturity
    Fund essentials

    • Inception date
      Oct 1, 2010
    • Benchmark
      Blended benchmark
    • Management fee
    • Guaranteed value per unit
    • Fund assets
      As of Jun 30, 2023
    • Number of holdings
      As of Jul 31, 2023
    • Distribution frequency
    • Min initial investment
    • Min additional investment
    Fund codes

    Investment growth

    Aug 31, 2023

      Compound returns

      As of Aug 31, 2023
      Fund %
      1 mth3 mth6 mth1 yr3 yr5 yr10 yrSince inception
      Fund %-1.0-

      Calendar returns

      As of Aug 31, 2023
      Fund %
        Fund %2.1-18.9-3.69.313.7-4.410.21.20.815.73.4

          Risk & Statistics

          As of Jul 31, 2023
          • Risk measures (3 years)
          • Standard deviation
          • Alpha
          • Beta
          • R ²
          • Upside capture
          • Downside capture
          • Sharpe Ratio %

          Morningstar Ratingᵀᴹ and Quartile rankings

          As of Aug 31, 2023
          1 yr3 yr5 yr10 yr
          Morningstarᵀᴹ rating

          1 Star Rating
          1 Star Rating

          Quartile (within category)4444
          # of funds in category1312125

            Portfolio analysis

            Overall allocation

            As of Jun 30, 2023
            Asset allocation%
            Fixed income67.8
            Geographic allocation%
            • The Sun Life Milestone Funds obtain global equity exposure through investment in The Sun Life Milestone Global Equity Fund (GEF).

              The GEF is a mutual fund managed by SLGI Asset Management Inc. It is not offered for sale under a simplified prospectus. The GEF seeks to obtain enhanced equity exposure by investing in futures on equity market indices primarily in North America, Europe, and Asia based on the regional diversification of the MSCI World Index. On an expiry-to-expiry basis, the GEF intends to achieve between 1.0 and 1.4 times the returns generated by these market indices. This leverage ratio is the value of the futures exposure divided by the net assets of the fund on a given day. Data and methodology provided by SLGI Asset Management Inc. Futures and options allow for enhanced exposure because the initial investment required for these types of contracts is less than what would be required for purchasing the underlying assets directly. Protection against downside risk is provided through option strategies to prevent the overall fund from extreme sudden drops in market value where the manager is unable to rebalance.


              Top ten holdings

              As of Jun 30, 2023
              Sun Life Milestone Global Equity15.7
              Canada (Government of) 01-Jun-359.5
              Canada (Government of) 0% 01-Dec-338.8
              Ontario (Province Of) 02-Jun-356.9
              Canada (Government of) 01-Dec-346.1
              Province of British Columbia 18-Jun-356.0
              Canada (Government of) 0% 01-Jun-344.5
              Hydro Quebec 0% 15-Feb-353.0
              Canada (Government of) 06-Jan-332.7
              Province of British Columbia 18-Dec-332.3
                • Cash and cash equivalents are not shown.
                Management & Commentary


                Management Company :

                SLGI Asset Management Inc.



                Sun Life Capital Management (Canada) Inc.

                Based in Canada, SLC Management (SLC) is a global institutional asset manager, and part of the Sun Life group of companies. SLC offers institutional investors traditional, alternative, and yield-orientated investment solutions across public and private fixed income markets, as well as global real estate equity and debt.


                Notes and disclosures

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

                    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. Mutual Fund values change frequently and past performance may not be repeated.

                    We have structured each Sun Life Milestone Fund so that it will have sufficient assets to pay the Guaranteed Value per unit on its respective maturity date. If the net asset value per unit on the maturity date of a Sun Life Milestone Fund is less than the Guaranteed Value per unit, then Sun Life Assurance Company of Canada, as sub-advisor to the Sun Life Milestone Funds, ("Sun Life", or the "guarantor") has agreed to pay the shortfall to the Sun Life Milestone Fund. Any shortfall payment is subject to the financial health and creditworthiness of Sun Life. The respective maturity dates for the Sun Life Milestone Funds is June 30 of the year in the corresponding fund's name. The maturity date for a Sun Life Milestone Fund may be accelerated in certain circumstances, in which case an accelerated Guaranteed Value will be calculated. In such a case, the applicable Sun Life Milestone Fund will pay the greater of the net asset value per unit on the accelerated maturity date and the net present value per unit of the Guaranteed Value. If you redeem your securities of the Sun Life Milestone Funds prior to their respective maturity dates, your redemption will be processed at the current net asset value per security, less any applicable redemption fees, and you will not benefit from the Guaranteed Value at maturity. Additional information, including specific risks associated with the Sun Life Milestone Funds, can be found in the prospectus.

                    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

                    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.