Current Price
As of Aug 8, 2022
$9.6882 CAD
$0.0137 CAD | 0.14%
Overall Morningstar™ rating
4 Star Rating
Out of 626 Funds
CIFSC category
Global Fixed Income Balanced

Risk profile

Low

MER
As of Dec 31, 2021
0.21%
Key reasons to invest in Sun Life Granite Conservative Portfolio
  • An actively managed portfolio diversified by a broad range of asset classes, geographies, investment styles and managers
  • Designed for income and capital growth, by investing in a strategic mix of 73% fixed income and 27% equity, with an emphasis towards income
  • Tactical adjustments allow the portfolio manager to adapt to changing market conditions
    Fund essentials

    • Inception date
      Apr 1, 2014
    • Benchmark
      Blended benchmark
    • Management fee
      0.70%
    • Fund assets
      As of Jun 30, 2022
      $1.7B
    • Number of holdings
      As of May 31, 2022
      26
    • Distribution frequency
      Annually
    • Min initial investment
      $500
    • Min additional investment
      $50
    Fund codes
    ISCSUN O144
    Performance

    Investment growth

    Jul 31, 2022

      Compound returns

      As of Jul 31, 2022
      Fund %
      1 mth3 mth6 mth1 yr3 yr5 yr10 yrSince inception
      Fund %3.6-0.4-7.2-8.90.82.73.8

      Calendar returns

      As of Jul 31, 2022
      Fund %
      • **For the period April 01 to December 31.
      YTD20212020201920182017201620152014*20132012
      Fund %-9.94.26.910.5-0.46.53.96.05.4
      • **For the period April 01 to December 31.

      Risk & Statistics

      As of Jun 30, 2022
      • Risk measures (3 years)
        Funds
      • Standard deviation
        7.23
      • Alpha
        -0.17
      • Beta
        1.22
      • R ²
        93.36
      • Upside capture
        113
      • Downside capture
        117
      • Sharpe Ratio %
        -0.07

      Morningstar Ratingᵀᴹ and Quartile rankings

      As of Jun 30, 2022
      1 yr3 yr5 yr10 yr
      Morningstarᵀᴹ rating

      3 Star Rating
      4 Star Rating

      Quartile (within category)322not available—
      # of funds in category716626491196
        Portfolio analysis

        Overall allocation

        As of May 31, 2022
        Asset allocation%
        swatch
        Fixed income56.4
        U.S. equity11.3
        Other10.7
        International equity8.7
        Cash6.4
        Canadian equity6.0
        Emg markets equity0.6
        Geographic allocation%
        swatch
        Canada41.5
        United States39.1
        United Kingdom2.3
        Switzerland1.2
        France1.2
        India1.1
        Japan1.1
        South Korea1.0
        Germany0.7
        China0.7
        Other10.1

          Equity allocation

          As of May 31, 2022
          Sector allocation*%
          swatch
          Financials18.0
          Information technology16.5
          Industrials14.2
          Health care9.1
          Consumer discretionary7.8
          Consumer staples7.5
          Materials7.3
          Utilities5.3
          Telecommunication services5.3
          Energy4.9
          Real Estate4.2
          • *Global Industry Classification Standard (GICS).

          Fixed income allocation

          As of May 31, 2022
          Fixed income allocation%
          swatch
          Corporate Bond29.0
          Government23.2
          Government-Related20.0
          Cash & Equivalents10.3
          Agency Mortgage-Backed5.1
          Commercial Mortgage-Backed4.1
          Asset-Backed4.1
          Convertible2.7
          Preferred Stock0.5
          Bank Loan0.5
          Non-agency Residential Mortgage-Backed0.4
          Municipal Tax-Exempt0.1
          Municipal Taxable0.1
          Covered Bond0.0
          Future/Forward0.0
          Option/Warrant0.0
          Swap0.0
          Credit mix%
          swatch
          AAA26.3
          AA23.3
          A14.0
          BBB17.2
          BB7.8
          B4.1
          Below B0.3
          Not Rated7.0

          Morningstar Style Boxᵀᴹ

          As of Jun 30, 2022

          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 May 31, 2022
          • Yield To Maturity
            4.66%
          • Effective duration (years)
            7.05
          • Average maturity (years)
            9.47
          • Average credit quality
            A
            Holdings

            Top ten holdings

            As of May 31, 2022
            HoldingsPercentage%
            PH&N Bond Fund O18.0
            Sun Life US Core Fixed Inc I14.5
            Sunlife Granite Tactical Completion Fd I9.3
            Sun Life BlackRock Cdn Univ Bond9.2
            Sun Life Wellington Oppc FxdInc PrivPl I5.9
            Sun Life Money Market Series I4.2
            RBC High Yield Bond Fund O3.7
            Sun Life NWQ Flexible Income I3.5
            Sun Life MFS US Growth Series I3.4
            Sun Life MFS US Value Series I3.4
              • 1Cash 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

              March 31, 2022
              Sun Life Granite Conservative Portfolio | Q1 2022
              In terms of the U.S., the country’s strong Q1 jobs report, and a 3.6% unemployment rate was overshadowed by war, inflation, and interest rate worries.

              Documents

              Notes and disclosures

                • 2

                  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.

                  © 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.