Current Price
As of Apr 22, 2024
$6.9658 CAD
$0.0141 CAD | 0.20%
Overall Morningstar™ rating
2 Star Rating
Out of 291 Funds
CIFSC category
Tactical Balanced

Risk profile

Low to medium

MER
As of Jun 30, 2023
1.01%
Key reasons to invest in Sun Life Nuveen Flexible Income Fund
  • A flexible income fund focused on the U.S. market, designed to produce income and capital growth
  • Invests across the entire capital structure, blending bonds, preferred stocks, convertible bonds and equities for an expanded income opportunity
  • Provides an attractive level of monthly income through a fixed distribution
    Fund essentials

    • Inception date
      Feb 3, 2014
    • Benchmark
      Barclays U.S. Aggregate Bond C$ Hedged Index
    • Management fee
      0.80%
    • Fund assets
      As of Mar 31, 2024
      $252.4M
    • Number of holdings
      As of Feb 29, 2024
      161
    • Distribution frequency
      Monthly
    • Min initial investment
      $500
    • Min additional investment
      $50
    Fund codes
    NLSUN 480
    Performance

    Investment growth

    Mar 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 Mar 31, 2024
    Fund %
    1 mth3 mth6 mth1 yr3 yr5 yr10 yrSince inception
    Fund %1.31.37.16.7-0.61.52.02.3

    Calendar returns

    As of Mar 31, 2024
    Fund %
    • **For the period February 03 to December 31.
    YTD2023202220212020201920182017201620152014*
    Fund %1.36.9-13.74.50.615.7-5.76.86.0-0.94.9
    • **For the period February 03 to December 31.

    Risk & Statistics

    As of Mar 31, 2024
    • Risk measures (3 years)
      Funds
    • Standard deviation
      8.63
    • Alpha
      -4.40
    • Beta
      0.95
    • R ²
      87.73
    • Upside capture
      73
    • Downside capture
      106
    • Sharpe Ratio %
      -0.32

    Morningstar Ratingᵀᴹ and Quartile rankings

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

    2 Star Rating
    2 Star Rating
    1 Star Rating
    Quartile (within category)3444
    # of funds in category307291114114

      Portfolio analysis

      Overall allocation

      As of Feb 29, 2024
      Asset allocation%
      swatch
      Fixed income53.9
      Other24.6
      U.S. equity11.3
      Cash8.4
      International equity1.9
      Geographic allocation%
      swatch
      United States90.0
      Canada4.0
      United Kingdom2.1
      Germany1.3
      France1.0
      Belgium1.0
      Mexico0.5

        Fixed income allocation

        As of Feb 29, 2024
        Fixed income allocation%
        swatch
        Corporate Bond65.4
        Preferred Stock23.7
        Cash & Equivalents10.1
        Convertible0.8
        Agency Mortgage-Backed0.0
        Asset-Backed0.0
        Bank Loan0.0
        Commercial Mortgage-Backed0.0
        Covered Bond0.0
        Future/Forward0.0
        Government0.0
        Government-Related0.0
        Municipal Taxable0.0
        Municipal Tax-Exempt0.0
        Non-agency Residential Mortgage-Backed0.0
        Option/Warrant0.0
        Swap0.0
        Credit mix%
        swatch
        AAA0.0
        AA0.0
        A1.0
        BBB50.5
        BB32.4
        B13.5
        Below B0.0
        Not Rated2.7

        Morningstar Style Boxᵀᴹ

        Data not available at this time.

        Fixed income characteristics

        As of Feb 29, 2024
        • Yield To Maturity
          7.59%
        • Effective duration (years)
          5.51
        • Average maturity (years)
          14.45
        • Average credit quality
          BB
          Holdings

          Top ten holdings

          As of Feb 29, 2024
          HoldingsPercentage%
          JPMorgan Chase & Co DR2.2
          Hewlett Packard Enterprise Company 6.35%1.9
          Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC1.7
          Vistra Energy Corporation1.6
          Emera Inc1.5
          Wells Fargo & Co 7 1/2 % Non Cum Perp Conv Pfd Shs -A- Series -L-1.4
          AT&T Inc1.3
          Sprint LLC 7.125%1.3
          Amkor Technology, Inc. 6.625%1.2
          Tripadvisor Inc 7%1.2
            • Cash and cash equivalents are not shown.
            Management & Commentary

            Management

            Management Company :

            SLGI Asset Management Inc.

            Sub-advisors

            Nuveen Asset Management

            Nuveen has supported the financial futures for millions of investors for over 120 years. Under the leadership of TIAA, their investment specialists offer deep expertise across traditional and alternative investments.

            Documents

            Notes and disclosures

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

                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.

                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.

                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.