Current Price
As of Jun 14, 2024
$10.0000 CAD
$0.0013 CAD | 0.01%
Overall Morningstar™ rating

Out of 182 Funds
CIFSC category
Canadian Money Market

Risk profile

Low

MER
As of Dec 31, 2023
0.28%
Key reasons to invest in Sun Life Money Market Fund
  • A Canadian money market fund that invests in highly liquid, low-risk money market instruments
  • Focuses on providing safety and protecting capital, with some income
  • Ideal as a conservative, shorter-term investment
    Fund essentials

    • Inception date
      Oct 1, 2010
    • Benchmark
      FTSE Canada 91 Day Treasury Bill Index
    • Management fee
      0.55%
    • Fund assets
      As of May 31, 2024
      $2.4B
    • Number of holdings
      As of Apr 30, 2024
      65
    • Distribution frequency
      Monthly
    • Seven-day yield 1
      As of May 31, 2024
      4.81%
    • Min initial investment
      $500
    • Min additional investment
      $50
    Fund codes
    ISCSUN 107
    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 %0.41.22.44.72.71.91.21.0

    Calendar returns

    As of May 31, 2024
    Fund %
      YTD2023202220212020201920182017201620152014
      Fund %2.04.41.70.10.41.31.00.30.10.20.4

        Risk & Statistics

        As of May 31, 2024
        • Risk measures (3 years)
          Funds
        • Standard deviation
          0.58
        • Upside capture
          95
        • Sharpe Ratio %
          -2.33

        Morningstar Ratingᵀᴹ and Quartile rankings

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

        Quartile (within category)2222
        # of funds in category209182135135

        Portfolio analysis

        Overall allocation

        As of Mar 31, 2024
        Asset allocation%
        swatch
        Cash74.5
        Fixed income24.7
        Other0.8
        Geographic allocation%
        swatch
        Canada100.0

          Fixed income allocation

          As of Mar 31, 2024
          Fixed income allocation%
          swatch
          Government49.3
          Cash & Equivalents29.8
          Corporate Bond13.1
          Government-Related7.9
          Agency Mortgage-Backed0.0
          Asset-Backed0.0
          Bank Loan0.0
          Commercial Mortgage-Backed0.0
          Convertible0.0
          Covered Bond0.0
          Future/Forward0.0
          Municipal Taxable0.0
          Municipal Tax-Exempt0.0
          Non-agency Residential Mortgage-Backed0.0
          Option/Warrant0.0
          Preferred Stock0.0
          Swap0.0

            Holdings

            Top ten holdings

            As of Mar 31, 2024
            HoldingsPercentage%
            Canada (Government of)10.6
            Canada (Government of)7.0
            Canada (Government of)7.0
            Canada (Government of)4.7
            Canada (Government of)3.8
            The Toronto-Dominion Bank2.7
            Bank of Nova Scotia2.7
            Bank of Montreal2.6
            Royal Bank of Canada2.4
            Manitoba (Province of)2.4
              • Cash and cash equivalents are not shown.
              Management & Commentary

              Management

              Management Company :

              SLGI Asset Management Inc.

              Sub-advisors

              MFS Investment Management Canada Limited

              Founded in 1924, Boston-based MFS brings nearly a century of active management experience to investors’ portfolios.

              Documents

              Notes and disclosures

              • 1This is an annualized historical yield based on the seven day period ended on May 31, 2024 and does not represent an actual one year return. Mutual fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. There can be no assurances that the Fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the Fund will be returned to you.
              • Portfolio holdings are as at the date indicated and may change due to ongoing portfolio transactions of the investment funds.

                Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing.

                Ratings and/or ranking information is subject to change monthly.

                Mutual fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. There can be no assurances that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you. Past performance may not be repeated.

                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 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.