Current Price
As of May 26, 2023
$11.2411 CAD
$0.0892 CAD | 0.80%
Overall Morningstar™ rating
3 Star Rating
Out of 189 Funds
CIFSC category
Global Small/Mid Cap Equity

Risk profile

Medium

MER
As of Dec 31, 2022
2.37%
Key reasons to invest in Sun Life Schroder Global Mid Cap Fund
  • A diversified global mid-cap portfolio with a long-term focus
  • Aims to identify undervalued companies that can provide quality growth
  • The investment approach is driven primarily by stock-picking and, to a lesser degree, allocating to the right global regions
    Fund essentials

    • Inception date
      Feb 2, 2015
    • Benchmark
      MSCI World Small Cap Index C$
    • Management fee
      1.95%
    • Fund assets
      As of Apr 28, 2023
      $1.0B
    • Number of holdings
      As of Mar 31, 2023
      206
    • Distribution frequency
      Annually
    • Min initial investment
      $500
    • Min additional investment
      $50
    Fund codes
    ISCSUN 190DSCSUN 290LSCSUN 390
    Performance

    Investment growth

    Apr 30, 2023

      Compound returns

      As of Apr 30, 2023
      Fund %
      1 mth3 mth6 mth1 yr3 yr5 yr10 yrSince inception
      Fund %-0.5-2.38.93.98.22.53.6

      Calendar returns

      As of Apr 30, 2023
      Fund %
      • **For the period February 02 to December 31.
      YTD20222021202020192018201720162015*20142013
      Fund %4.7-17.814.97.420.0-10.716.42.3-1.1
      • **For the period February 02 to December 31.

      Risk & Statistics

      As of Apr 30, 2023
      • Risk measures (3 years)
        Funds
      • Standard deviation
        14.41
      • Alpha
        -3.39
      • Beta
        1.01
      • R ²
        94.12
      • Upside capture
        97
      • Downside capture
        120
      • Sharpe Ratio %
        0.54

      Morningstar Ratingᵀᴹ and Quartile rankings

      As of Apr 30, 2023
      1 yr3 yr5 yr10 yr
      Morningstarᵀᴹ rating

      3 Star Rating
      3 Star Rating

      Quartile (within category)333not available—
      # of funds in category23118914173

        Portfolio analysis

        Overall allocation

        As of Mar 31, 2023
        Asset allocation%
        swatch
        U.S. equity58.7
        International equity37.3
        Cash2.8
        Other0.5
        Emg markets equity0.4
        Canadian equity0.3
        Geographic allocation%
        swatch
        United States60.8
        Japan10.9
        United Kingdom6.5
        Belgium3.0
        Germany2.4
        Taiwan2.3
        Switzerland2.1
        Netherlands1.4
        Hong Kong1.3
        France1.1
        Other8.2

          Equity allocation

          As of Mar 31, 2023
          Sector allocation*%
          swatch
          Industrials25.6
          Health care15.5
          Information technology15.4
          Financials12.0
          Consumer discretionary11.9
          Materials6.6
          Consumer staples4.9
          Real Estate3.2
          Energy2.2
          Telecommunication services1.9
          Utilities1.0
          Market capitalization%
          swatch
          Giant0.3
          Large5.7
          Medium36.6
          Small46.5
          Micro10.9
          • *Global Industry Classification Standard (GICS).

          Morningstar Style Boxᵀᴹ

          As of Apr 30, 2023

          Equity style

          value
          blend
          growth
          large
          mid
          small
          Small blend

            Holdings

            Top ten holdings

            As of Mar 31, 2023
            HoldingsPercentage%
            ICU Medical Inc1.7
            Masimo Corp1.6
            Rentokil Initial PLC ADR1.3
            Dolby Laboratories Inc Class A1.3
            Kemper Corp1.2
            IDEX Corp1.2
            Berry Global Group Inc1.1
            Hexcel Corp1.1
            Balchem Corp1.1
            Assurant Inc1.0
              • Cash and cash equivalents are not shown.
              Management & Commentary

              Management

              Management Company :

              SLGI Asset Management Inc.

              Sub-advisors

              image

              Schroder Investment Management North America Inc.

              Headquartered in London, England, Schroders is a world-class multinational asset management company. With locations world-wide, Schroders is close to the markets in which it invests and well-positioned to serve clients.

              Documents

              Notes and disclosures

                • 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. 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.

                  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).

                  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.