Current Price
As of Aug 8, 2022
$8.0329 CAD
$0.0227 CAD | 0.28%
Overall Morningstar™ rating

Out of Funds
CIFSC category
Alternative Credit Focused

Risk profile

Low

MER
As of Dec 31, 2021
0.96%
Key reasons to invest in Sun Life Wellington Opportunistic Fixed Income Private Pool
  • High-conviction, unconstrained portfolio of global fixed income securities seeking core bond-like volatility1
  • Diversified across multiple asset types, geographies, credit tiers and time horizons
  • Three drivers of returns: strategic sector positioning, market-neutral strategies and tactical allocation
  • Can complement a core fixed income portfolio through the use of alternative investment strategies
  • **1Core bond volatility defined as being similar to the Bloomberg Barclays Global Aggregate Bond Index (Hedged to CAD).
Fund essentials
  • 1Effective July 14, 2021 Sun Life Opportunistic Fixed Income Private Pool was renamed Sun Life Wellington Opportunistic Fixed Income Private Pool. 
  • Inception date
    Jun 6, 2016
  • Benchmark
    Bloomberg Barclays Global Aggregate Bond Index Hedged C$
  • Management fee
    0.77%
  • Fund assets
    As of Jun 30, 2022
    $540.2M
  • Number of holdings
    As of May 31, 2022
    924
  • Distribution frequency
    Monthly
  • Min initial investment
    $500
  • Min additional investment
    $50
Fund codes
NLSUN 1410
Performance

Investment growth

Jul 31, 2022

    Compound returns

    As of Jul 31, 2022
    Fund %
    1 mth3 mth6 mth1 yr3 yr5 yr10 yrSince inception
    Fund %3.3-0.9-9.9-13.6-1.7-1.1-0.9

    Calendar returns

    As of Jul 31, 2022
    Fund %
    • **For the period June 06 to December 31.
    YTD202120202019201820172016*2015201420132012
    Fund %-11.4-2.17.98.6-5.9-3.12.2
    • **For the period June 06 to December 31.

    Risk & Statistics

    As of Jun 30, 2022
    • Risk measures (3 years)
      Funds
    • Standard deviation
      7.19
    • Upside capture
      -462
    • Sharpe Ratio %
      -0.41

      Portfolio analysis

      Overall allocation

      As of May 31, 2022
      Asset allocation%
      swatch
      Fixed income90.8
      Other5.6
      Cash3.6
      Geographic allocation%
      swatch
      United States42.2
      South Korea9.0
      Brazil6.0
      Mexico3.6
      Australia3.5
      Japan3.4
      Canada3.2
      New Zealand2.3
      Iceland2.1
      Peru1.7
      Other22.9

        Fixed income allocation

        As of May 31, 2022
        Fixed income allocation%
        swatch
        Government47.2
        Corporate Bond17.8
        Agency Mortgage-Backed8.5
        Bank Loan5.8
        Asset-Backed5.6
        Cash & Equivalents3.8
        Convertible3.4
        Government-Related3.0
        Municipal Tax-Exempt1.4
        Commercial Mortgage-Backed1.3
        Municipal Taxable1.0
        Non-agency Residential Mortgage-Backed1.0
        Preferred Stock0.1
        Covered Bond0.0
        Future/Forward0.0
        Option/Warrant0.0
        Swap0.0
        Credit mix%
        swatch
        AAA20.6
        AA8.9
        A9.5
        BBB19.5
        BB17.4
        B8.1
        Below B1.5
        Not Rated14.5

        Morningstar Style Boxᵀᴹ

        Data not available at this time.

        Fixed income characteristics

        Data not available at this time.

          Holdings

          Top ten holdings

          As of May 31, 2022
          HoldingsPercentage%
          Secretaria Tesouro Nacional 10% 01-Jan-294.3
          iShares JP Morgan USD Em Mkts Bd ETF4.0
          Federal National Mortgage Association 2.5% 01-Jun-513.1
          Japan (Government Of) 0.1% 10-Mar-292.9
          Federal National Mortgage Association 3.5% 15-Jun-492.7
          United States Treasury Notes 0.125% 15-Jul-302.0
          The Republic of Korea 1.875% 10-Jun-291.9
          Central Bank Of Iceland 5% 15-Nov-281.8
          The Republic of Korea 2.375% 10-Dec-311.7
          Australia (Commonwealth of) 0.25% 21-Nov-321.7
            • 2Cash and cash equivalents are not shown.
            Management & Commentary

            Management

            Management Company :

            SLGI Asset Management Inc.

            Sub-advisors

            image

            Wellington Management Canada ULC

            One of the largest, privately held asset managers in the world and a leader in fixed income investing, Wellington has capabilities spanning all publicly traded fixed income sectors and absolute return investing.

            Commentary

            March 31, 2022
            Sun Life Wellington Opportunistic Fixed Income Private Pool | Q1 2022
            Global fixed income sectors experienced one of their worst drawdowns ever during the first quarter of 2022 as government bond yields rose sharply following more aggressive monetary policy tightening intentions in response to persistent inflation pressures.

            Documents

            Notes and disclosures

              • 3

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

                Bloomberg Barclays Global Aggregate Bond Index Hedged C$

                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.

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