Current Price
As of Mar 4, 2024
$8.2627 CAD
-$0.0144 CAD | -0.17%
Overall Morningstar™ rating
4 Star Rating
Out of 480 Funds
CIFSC category
Canadian Fixed Income

Risk profile

Low

MER
As of Jun 30, 2023
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
    • Benchmark
      FTSE Canada Universe Bond Index
    • Management fee
      0.48%
    • Fund assets
      As of Feb 29, 2024
      $138.8M
    • Number of holdings
      As of Dec 31, 2023
      97
    • Distribution frequency
      Monthly
    • Min initial investment
      $500
    • Min additional investment
      $50
    Fund codes
    NLSUN 630
    Performance

    Investment growth

    Feb 29, 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 Feb 29, 2024
    Fund %
    1 mth3 mth6 mth1 yr3 yr5 yr10 yrSince inception
    Fund %-0.22.64.55.0-1.4-0.7

    Calendar returns

    As of Feb 29, 2024
    Fund %
    • **For the period February 26 to December 31.
    YTD2023202220212020*201920182017201620152014
    Fund %-1.37.7-11.4-2.25.5
    • **For the period February 26 to December 31.

    Risk & Statistics

    As of Jan 31, 2024
    • Risk measures (3 years)
      Funds
    • Standard deviation
      7.33
    • Alpha
      1.02
    • Beta
      1.04
    • R ²
      97.15
    • Upside capture
      107
    • Downside capture
      99
    • Sharpe Ratio %
      -0.60

    Morningstar Ratingᵀᴹ and Quartile rankings

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

    4 Star Rating

    Quartile (within category)11not available—not available—
    # of funds in category516480271271

      Portfolio analysis

      Overall allocation

      As of Dec 31, 2023
      Asset allocation%
      swatch
      Fixed income94.1
      Cash3.7
      Other2.2
      Geographic allocation%
      swatch
      Canada69.9
      United States22.5
      France2.1
      Austria1.6
      Australia1.5
      United Kingdom1.3
      Germany0.9
      Cayman Islands0.1

        Fixed income allocation

        As of Dec 31, 2023
        Fixed income allocation%
        swatch
        Corporate Bond49.3
        Government-Related25.3
        Government16.1
        Asset-Backed7.6
        Agency Mortgage-Backed1.3
        Cash & Equivalents0.4
        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
        AAA25.8
        AA31.8
        A22.2
        BBB19.7
        BB0.0
        B0.0
        Below B0.0
        Not Rated0.4

        Morningstar Style Boxᵀᴹ

        As of Jan 31, 2024

        Fixed income style

        ltd
        mod
        ext
        large
        mid
        small
        Medium/Extensive

        Fixed income characteristics

        As of Dec 31, 2023
        • Yield To Maturity
          4.82%
        • Effective duration (years)
          8.71
        • Average maturity (years)
          14.25
        • Average credit quality
          AA
          Holdings

          Top ten holdings

          As of Dec 31, 2023
          HoldingsPercentage%
          Sun Life Core Fixed Income10.2
          Province of British Columbia 4.3%4.9
          Canada (Government of) 4.25%3.4
          Province of British Columbia 4.95%2.3
          Canada (Government of) 4.68104%2.3
          Manulife Financial Corporation2.2
          Manitoba (Province of) 3.4%2.0
          MADISON PARK FUNDING XXXIV LTD1.9
          Quebec (Province Of) 4.25%1.9
          Province of Saskatchewan 3.9%1.8
            • Cash and cash equivalents are not shown.
            Management & Commentary

            Management

            Management Company :

            SLGI Asset Management Inc.

            Sub-advisors

            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

            February 1, 2024
            Sun Life Core Advantage Credit Private Pool | Q4 2023
            Over the last 18 months, most economists warned that a major global setback was right around the corner. The alarm was defensible. As central banks hiked interest rates at an historic pace, the reflex view has been that it will cause a disruption in financial markets.

            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.