Current Price
As of Mar 27, 2023
$8.4676 CAD
-$0.0839 CAD | -0.98%
Overall Morningstar™ rating
4 Star Rating
Out of 475 Funds
CIFSC category
 

Risk profile

Low

MER
As of Jun 30, 2022
0.66%
Key reasons to invest in Sun Life Core Advantage Credit Private Pool
  • Well-diversified, North American, investment-grade fixed income portfolio
  • Deep global credit expertise broadens the investment universe, improving diversification and return potential through allocation to foreign bonds and sophisticated hedging strategies
  • Investment-grade private fixed income designed to enhance diversification and maximize return potential while maintaining a lower risk profile.
  • Unique inflation protection capabilities through investments like real return bonds help to protect from inflation risk while enhancing return potential.
    Fund essentials

    • Inception date
      Feb 26, 2020
    • Management fee
      0.48%
    • Fund assets
      As of Feb 28, 2023
      $126.7M
    • Number of holdings
      As of Jan 31, 2023
      97
    • Distribution frequency
      Monthly
    • Min initial investment
      $500
    • Min additional investment
      $50
    Fund codes
    NLSUN 630
    Performance

    Investment growth

    Feb 28, 2023

      Compound returns

      As of Feb 28, 2023
      Fund %
      1 mth3 mth6 mth1 yr3 yr5 yr10 yrSince inception
      Fund %-1.8-0.00.9-6.1-2.6-2.5

      Calendar returns

      As of Feb 28, 2023
      Fund %
      • **For the period February 26 to December 31.
      YTD202220212020*2019201820172016201520142013
      Fund %1.2-11.4-2.25.5
      • **For the period February 26 to December 31.

      Risk & Statistics

      As of Feb 28, 2023
      • Risk measures (3 years)
        Funds
      • Standard deviation
        7.42
      • Alpha
        1.30
      • Beta
        1.13
      • R ²
        95.10
      • Upside capture
        120
      • Downside capture
        107
      • Sharpe Ratio %
        -0.44

      Morningstar Ratingᵀᴹ and Quartile rankings

      As of Feb 28, 2023
      1 yr3 yr5 yr10 yr
      Morningstarᵀᴹ rating

      4 Star Rating

      Quartile (within category)11not available—not available—
      # of funds in category526475408247

        Portfolio analysis

        Overall allocation

        As of Dec 31, 2022
        Asset allocation%
        swatch
        Fixed income97.3
        Cash1.6
        Other1.1
        Geographic allocation%
        swatch
        Canada80.1
        United States14.7
        Australia2.5
        France1.8
        United Kingdom0.7
        Germany0.1

          Fixed income allocation

          As of Dec 31, 2022
          Fixed income allocation%
          swatch
          Corporate Bond64.6
          Government17.6
          Government-Related9.8
          Asset-Backed6.7
          Cash & Equivalents1.2
          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
          Non-agency Residential Mortgage-Backed0.0
          Option/Warrant0.0
          Preferred Stock0.0
          Swap0.0
          Credit mix%
          swatch
          AAA30.0
          AA18.0
          A27.9
          BBB19.1
          BB1.0
          B0.0
          Below B0.0
          Not Rated4.1

          Morningstar Style Boxᵀᴹ

          As of Feb 28, 2023

          Fixed income style

          ltd
          mod
          ext
          large
          mid
          small
          Medium/Extensive

          Fixed income characteristics

          As of Dec 31, 2022
          • Yield To Maturity
            4.69%
          • Effective duration (years)
            7.36
          • Average maturity (years)
            14.21
          • Average credit quality
            A
            Holdings

            Top ten holdings

            As of Dec 31, 2022
            HoldingsPercentage%
            Sun Life Core Fixed Income11.2
            Canada (Government of) 4.25% 01-Dec-263.8
            Canada Housing Trust No.1 3.8% 15-Jun-273.4
            Canada (Government of) 4.68104%2.6
            Canadian Western Bank 1.818% 16-Dec-272.6
            Province of British Columbia 4.95% 18-Jun-402.5
            Province of British Columbia 4.3% 18-Jun-422.5
            Canada Housing Trust No.1 1.1% 15-Dec-262.4
            Honda Canada Finance Inc. 1.646% 25-Feb-282.2
            The Toronto-Dominion Bank 4.21% 01-Jun-272.1
              • Cash and cash equivalents are not shown.
              Management & Commentary

              Management

              Management Company :

              SLGI Asset Management Inc.

              Sub-advisors

              image

              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.

              Commentary

              December 31, 2022
              Sun Life Core Advantage Credit Private Pool | Q4 2022
              Ten-year government yields reached new highs in October, hitting levels not seen since the Great Financial Crisis, and then came down in November before finishing out December pushing higher again.

              Documents

              Notes and disclosures

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

                  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.

                  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 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).

                  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.

                  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.