Current Price
As of Dec 7, 2023
$7.6956 CAD
$0.0098 CAD | 0.13%
Overall Morningstar™ rating

Out of Funds
CIFSC category
Alternative Credit Focused

Risk profile

Low to medium

As of Jun 30, 2023
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

  • Inception date
    Jun 6, 2016
  • Benchmark
    Bloomberg Barclays Global Aggregate Bond Index Hedged C$
  • Management fee
  • Fund assets
    As of Nov 30, 2023
  • Number of holdings
    As of Sep 30, 2023
  • Distribution frequency
  • Min initial investment
  • Min additional investment
Fund codes
NLSUN 1410

Investment growth

Oct 31, 2023

    Compound returns

    As of Oct 31, 2023
    Fund %
    1 mth3 mth6 mth1 yr3 yr5 yr10 yrSince inception
    Fund %-0.8-3.9-4.26.5-3.6-0.8-0.7

    Calendar returns

    As of Oct 31, 2023
    Fund %
    • **For the period June 06 to December 31.
    Fund %0.3-11.7-
    • **For the period June 06 to December 31.

    Risk & Statistics

    As of Oct 31, 2023
    • Risk measures (3 years)
    • Standard deviation
    • Upside capture
    • Sharpe Ratio %

      Portfolio analysis

      Overall allocation

      As of Sep 30, 2023
      Asset allocation%
      Fixed income86.5
      Geographic allocation%
      United States52.1
      New Zealand4.2
      South Korea2.5
      South Africa2.1

        Fixed income allocation

        As of Sep 30, 2023
        Fixed income allocation%
        Agency Mortgage-Backed14.2
        Corporate Bond11.9
        Bank Loan3.7
        Cash & Equivalents3.1
        Preferred Stock0.9
        Commercial Mortgage-Backed0.5
        Non-agency Residential Mortgage-Backed0.3
        Municipal Taxable0.1
        Covered Bond0.0
        Municipal Tax-Exempt0.0
        Credit mix%
        Below B1.1
        Not Rated11.0

        Morningstar Style Boxᵀᴹ

        Data not available at this time.

        Fixed income characteristics

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

          Top ten holdings

          As of Sep 30, 2023
          United States Treasury Bills 14-Dec-238.2
          United States Treasury Notes 1.625% 15-Oct-275.3
          Federal National Mortgage Association 6% 01-Oct-535.2
          Secretaria Tesouro Nacional 10% 01-Jan-295.0
          Federal National Mortgage Association 5.5% 01-Oct-524.0
          Federal National Mortgage Association 5%3.1
          United States Treasury Notes 0.375% 15-Jan-272.6
          United States Treasury Notes 1.125% 15-Jan-332.1
          United States Treasury Notes 1.25% 15-Apr-281.9
          New Zealand (Government Of) 2.5% 20-Sep-401.8
            • Cash and cash equivalents are not shown.
            Management & Commentary


            Management Company :

            SLGI Asset Management Inc.


            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.


            September 30, 2023
            Sun Life Wellington Opportunistic Fixed Income Private Pool | Q3 2023
            Global fixed income subsectors generated positive returns during the first quarter, benefiting from a plunge in most developed market sovereign yields in response to stresses in the banking sector.


            Notes and disclosures

              • 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.

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                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.

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                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.

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