Current Price
As of Sep 25, 2023
$7.6720 CAD
-$0.0208 CAD | -0.27%
Overall Morningstar™ rating
3 Star Rating
Out of 280 Funds
CIFSC category
Tactical Balanced

Risk profile

Low to medium

As of Jun 30, 2023
Key reasons to invest in Sun Life Granite Enhanced Income Portfolio
  • Designed for a consistent level of income through a strategic mix of income-focused and equity mutual funds
  • Invests in a diversified mix of 50% fixed income and 50% equity mutual funds, including exchanged-traded funds, with an emphasis towards higher-yielding investments
  • Ideal for regular income through monthly distributions
    Fund essentials

    • Inception date
      Apr 1, 2014
    • Benchmark
      Blended benchmark
    • Management fee
    • Fund assets
      As of Jun 30, 2023
    • Number of holdings
      As of Jul 31, 2023
    • Distribution frequency
    • Min initial investment
    • Min additional investment
    Fund codes
    ISCSUN O176

    Investment growth

    Aug 31, 2023

      Compound returns

      As of Aug 31, 2023
      Fund %
      1 mth3 mth6 mth1 yr3 yr5 yr10 yrSince inception
      Fund %-

      Calendar returns

      As of Aug 31, 2023
      Fund %
      • **For the period April 01 to December 31.
      Fund %3.3-
      • **For the period April 01 to December 31.

      Risk & Statistics

      As of Jul 31, 2023
      • Risk measures (3 years)
      • Standard deviation
      • Alpha
      • Beta
      • R ²
      • Upside capture
      • Downside capture
      • Sharpe Ratio %

      Morningstar Ratingᵀᴹ and Quartile rankings

      As of Aug 31, 2023
      1 yr3 yr5 yr10 yr
      Morningstarᵀᴹ rating

      3 Star Rating
      3 Star Rating

      Quartile (within category)222not available
      # of funds in category304280254106

        Portfolio analysis

        Overall allocation

        As of Jun 30, 2023
        Asset allocation%
        Fixed income41.1
        U.S. equity19.2
        International equity12.1
        Canadian equity10.5
        Emg markets equity0.5
        Geographic allocation%
        United States48.7
        United Kingdom3.5

          Equity allocation

          As of Jun 30, 2023
          Sector allocation*%
          Real Estate12.2
          Information technology11.4
          Health care7.8
          Consumer discretionary5.7
          Telecommunication services5.6
          Consumer staples5.0
          • *Global Industry Classification Standard (GICS).

          Fixed income allocation

          As of Jun 30, 2023
          Fixed income allocation%
          Corporate Bond30.2
          Cash & Equivalents8.5
          Agency Mortgage-Backed3.3
          Municipal Taxable0.2
          Preferred Stock0.2
          Commercial Mortgage-Backed0.1
          Bank Loan0.0
          Covered Bond0.0
          Municipal Tax-Exempt0.0
          Non-agency Residential Mortgage-Backed0.0
          Credit mix%
          Below B0.8
          Not Rated3.3

          Morningstar Style Boxᵀᴹ

          As of Aug 31, 2023

          Equity style

          Large blend

          Fixed income style


          Fixed income characteristics

          As of Jun 30, 2023
          • Yield To Maturity
          • Effective duration (years)
          • Average maturity (years)
          • Average credit quality

            Top ten holdings

            As of Jun 30, 2023
            Dynamic Equity Income Series O14.8
            Sun Life Real Assets Private Pool I14.3
            Sun Life MFS Canadian Bond I10.7
            iShares 7-10 Year Treasury Bond ETF10.4
            Sun Life KBI Global Dividend Priv Pl F9.2
            Sunlife Granite Tactical Completion Fd I8.4
            RBC Emerging Markets Bd (CAD Hedged) O6.8
            RBC High Yield Bond Fund O5.7
            iShares Core US Aggregate Bond ETF5.4
            Sun Life MFS Low Vol Global Equity I4.9
              • Cash and cash equivalents are not shown.
              Management & Commentary


              Management Company :

              SLGI Asset Management Inc.

              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.


              June 30, 2023
              Sun Life Granite Enhanced Income Portfolio | Q2 2023
              Markets started the quarter with a rally driven by slowing inflation data and expectations that the U.S. Federal Reserve (the Fed) would cut interest rates by mid-2023.


              Notes and disclosures

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

                  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.

                  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.

                  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

                  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.