Current Price
As of Aug 8, 2022
$9.0460 CAD
$0.0126 CAD | 0.14%
Overall Morningstar™ rating
3 Star Rating
Out of 298 Funds
CIFSC category
Tactical Balanced

Risk profile

Low to medium

MER
As of Dec 31, 2021
0.22%
Key reasons to invest in Sun Life Granite 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 60% fixed income and 40% equity mutual funds, including exchange-traded funds, and other income producing securities
  • Ideal for regular income through monthly distributions
    Fund essentials

    • Inception date
      Apr 1, 2014
    • Benchmark
      Blended benchmark
    • Management fee
      0.70%
    • Fund assets
      As of Jun 30, 2022
      $167.1M
    • Number of holdings
      As of May 31, 2022
      15
    • Distribution frequency
      Monthly
    • Min initial investment
      $500
    • Min additional investment
      $50
    Fund codes
    ISCSUN O175
    Performance

    Investment growth

    Jul 31, 2022

      Compound returns

      As of Jul 31, 2022
      Fund %
      1 mth3 mth6 mth1 yr3 yr5 yr10 yrSince inception
      Fund %4.3-0.4-6.2-6.22.63.74.5

      Calendar returns

      As of Jul 31, 2022
      Fund %
      • **For the period April 01 to December 31.
      YTD20212020201920182017201620152014*20132012
      Fund %-8.89.24.613.9-2.37.45.52.67.0
      • **For the period April 01 to December 31.

      Risk & Statistics

      As of Jun 30, 2022
      • Risk measures (3 years)
        Funds
      • Standard deviation
        9.56
      • Alpha
        -1.13
      • Beta
        1.12
      • R ²
        92.86
      • Upside capture
        101
      • Downside capture
        111
      • Sharpe Ratio %
        0.13

      Morningstar Ratingᵀᴹ and Quartile rankings

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

      3 Star Rating
      3 Star Rating

      Quartile (within category)222not available—
      # of funds in category32129826791
        Portfolio analysis

        Overall allocation

        As of May 31, 2022
        Asset allocation%
        swatch
        Fixed income46.7
        U.S. equity18.7
        Other11.0
        International equity10.0
        Canadian equity8.9
        Cash4.4
        Emg markets equity0.3
        Geographic allocation%
        swatch
        United States52.1
        Canada25.4
        United Kingdom4.4
        Japan1.8
        Italy1.4
        Australia1.1
        France1.0
        Spain0.9
        Germany0.8
        Netherlands0.8
        Other10.4

          Equity allocation

          As of May 31, 2022
          Sector allocation*%
          swatch
          Industrials14.9
          Utilities14.3
          Financials13.6
          Real Estate13.4
          Information technology10.8
          Health care7.7
          Energy5.8
          Telecommunication services5.5
          Consumer discretionary5.1
          Materials4.5
          Consumer staples4.4
          • *Global Industry Classification Standard (GICS).

          Fixed income allocation

          As of May 31, 2022
          Fixed income allocation%
          swatch
          Corporate Bond62.8
          Government11.5
          Government-Related8.9
          Cash & Equivalents8.4
          Convertible5.0
          Preferred Stock1.7
          Asset-Backed1.4
          Municipal Taxable0.2
          Commercial Mortgage-Backed0.1
          Future/Forward0.0
          Agency Mortgage-Backed0.0
          Covered Bond0.0
          Bank Loan0.0
          Municipal Tax-Exempt0.0
          Non-agency Residential Mortgage-Backed0.0
          Option/Warrant0.0
          Swap0.0
          Credit mix%
          swatch
          AAA5.0
          AA13.7
          A19.8
          BBB33.7
          BB15.8
          B8.9
          Below B0.5
          Not Rated2.7

          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
            4.74%
          • Effective duration (years)
            7.77
          • Average maturity (years)
            11.68
          • Average credit quality
            BBB
            Holdings

            Top ten holdings

            As of May 31, 2022
            HoldingsPercentage%
            iShares iBoxx $ Invmt Grade Corp Bd ETF18.0
            Sun Life Real Assets Private Pool I14.2
            Sun Life MFS Canadian Bond I12.7
            Dynamic Equity Income Series O11.9
            Sun Life NWQ Flexible Income I10.0
            Sunlife Granite Tactical Completion Fd I8.6
            Sun Life KBI Global Dividend Priv Pl F7.6
            RBC Emerging Markets Bd (CAD Hedged) O5.2
            RBC High Yield Bond Fund O5.1
            Sun Life MFS Low Vol Global Equity I2.9
              • 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 Income 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.

                  Effective October 27, 2017, Sun Life Sentry merged Sun Life Sentry Conservative Balanced Fund into Sun Life Granite Income portfolio.

                  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 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.