Current Price
As of Jun 14, 2024
$8.7472 CAD
$0.0103 CAD | 0.12%
Overall Morningstar™ rating
1 Star Rating
Out of 251 Funds
CIFSC category
Multi-Sector Fixed Income

Risk profile

Low

MER
As of Dec 31, 2023
1.27%
Key reasons to invest in Sun Life Tactical Fixed Income ETF Portfolio
  • Access an all-in-one, managed portfolio that invests primarily in exchange traded funds (ETFs)
  • Designed for income, through a strategic mix of 100% fixed income investments
  • Professionally diversified by fixed income sub-asset classes, geographies and ETF managers
  • Tactical adjustments allow the portfolio manager to manage risk and adapt to changing markets
    Fund essentials

    • Inception date
      Oct 26, 2018
    • Benchmark
      Blended benchmark
    • Management fee
      0.95%
    • Fund assets
      As of May 31, 2024
      $35.0M
    • Number of holdings
      As of Apr 30, 2024
      13
    • Distribution frequency
      Monthly
    • Min initial investment
      $500
    • Min additional investment
      $50
    Fund codes
    ISCSUN 2100
    Performance

    Investment growth

    May 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 May 31, 2024
    Fund %
    1 mth3 mth6 mth1 yr3 yr5 yr10 yrSince inception
    Fund %1.40.21.71.3-3.3-1.2-0.2

    Calendar returns

    As of May 31, 2024
    Fund %
    • **For the period October 26 to December 31.
    YTD202320222021202020192018*2017201620152014
    Fund %-1.44.9-13.2-2.45.36.70.6
    • **For the period October 26 to December 31.

    Risk & Statistics

    As of May 31, 2024
    • Risk measures (3 years)
      Funds
    • Standard deviation
      7.09
    • Alpha
      -1.79
    • Beta
      0.77
    • R ²
      57.08
    • Upside capture
      77
    • Downside capture
      87
    • Sharpe Ratio %
      -0.85

    Morningstar Ratingᵀᴹ and Quartile rankings

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

    1 Star Rating
    1 Star Rating

    Quartile (within category)444not available—
    # of funds in category2592516363

      Portfolio analysis

      Overall allocation

      As of Mar 31, 2024
      Asset allocation%
      swatch
      Fixed income92.8
      Cash6.4
      Other0.8
      Geographic allocation%
      swatch
      Canada47.5
      United States45.3
      United Kingdom1.1
      Supranational0.7
      Italy0.6
      Mexico0.4
      Germany0.4
      Saudi Arabia0.4
      Japan0.2
      Indonesia0.2
      Other3.0

        Fixed income allocation

        As of Mar 31, 2024
        Fixed income allocation%
        swatch
        Government36.5
        Corporate Bond31.8
        Government-Related21.0
        Agency Mortgage-Backed6.3
        Cash & Equivalents3.7
        Asset-Backed0.2
        Commercial Mortgage-Backed0.2
        Municipal Taxable0.1
        Covered Bond0.1
        Convertible0.0
        Bank Loan0.0
        Future/Forward0.0
        Municipal Tax-Exempt0.0
        Non-agency Residential Mortgage-Backed0.0
        Option/Warrant0.0
        Preferred Stock0.0
        Swap0.0
        Credit mix%
        swatch
        AAA18.9
        AA43.3
        A11.7
        BBB11.7
        BB7.9
        B1.4
        Below B0.7
        Not Rated4.4

        Morningstar Style Boxᵀᴹ

        As of May 31, 2024

        Fixed income style

        ltd
        mod
        ext
        large
        mid
        small
        Medium/Moderate

        Fixed income characteristics

        As of Mar 31, 2024
        • Yield To Maturity
          5.23%
        • Effective duration (years)
          6.87
        • Average maturity (years)
          9.97
        • Average credit quality
          AA
          Holdings

          Top ten holdings

          As of Mar 31, 2024
          HoldingsPercentage%
          Sun Life BlackRock Cdn Univ Bond43.9
          iShares Core US Aggregate Bond ETF23.8
          VanEck Fallen Angel HiYld Bd ETF9.9
          iShares 1-3 Year Treasury Bond ETF6.7
          Sun Life Money Market Series I6.2
          Vanguard Emerging Mkts Govt Bd ETF3.0
          iShares iBoxx $ Invmt Grade Corp Bd ETF2.9
          iShares 7-10 Year Treasury Bond ETF2.2
          SPDR® Portfolio Interm Term Corp Bd ETF0.3
          VanEck IG Floating Rate ETF0.3
            • Cash 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.

            Documents

            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 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.

                Sun Life Tactical ETF Portfolios invest in mutual funds and/or exchange traded funds (ETFs).

                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.

                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.