Current Price
As of Sep 25, 2023
$10.3209 CAD
-$0.0217 CAD | -0.21%
Overall Morningstar™ rating
3 Star Rating
Out of 230 Funds
CIFSC category
Emerging Markets Equity

Risk profile

Medium

MER
As of Jun 30, 2023
1.40%
Key reasons to invest in Sun Life Schroder Emerging Markets Fund
  • Designed for long-term capital growth by investing in equity securities with connections to emerging markets
  • Uses both quantitative and fundamental models, seeking to add value from country decisions and stock picking
  • True blend of bottom-up stock selection and top-down regional allocation investment process
    Fund essentials
    • Effective July 14, 2021 Sun Life Excel Emerging Markets Fund was renamed Sun Life Schroder Emerging Markets Fund. 
    • Inception date
      Sep 1, 2011
    • Benchmark
      MSCI EM C$
    • Management fee
      1.10%
    • Fund assets
      As of Jun 30, 2023
      $904.6M
    • Number of holdings
      As of Jul 31, 2023
      124
    • Distribution frequency
      Annually
    • Min initial investment
      $500
    • Min additional investment
      $50
    Fund codes
    NLSUN 420NLSUN U420
    Performance

    Investment growth

    Aug 31, 2023

      Compound returns

      As of Aug 31, 2023
      Fund %
      1 mth3 mth6 mth1 yr3 yr5 yr10 yrSince inception
      Fund %-4.52.21.35.4-2.11.14.91.6

      Calendar returns

      As of Aug 31, 2023
      Fund %
        YTD2022202120202019201820172016201520142013
        Fund %3.7-17.6-6.420.115.3-8.130.65.83.23.1-1.8

          Risk & Statistics

          As of Jul 31, 2023
          • Risk measures (3 years)
            Funds
          • Standard deviation
            15.35
          • Alpha
            -3.69
          • Beta
            1.08
          • R ²
            89.50
          • Upside capture
            99
          • Downside capture
            123
          • Sharpe Ratio %
            -0.07

          Morningstar Ratingᵀᴹ and Quartile rankings

          As of Aug 31, 2023
          1 yr3 yr5 yr10 yr
          Morningstarᵀᴹ rating

          2 Star Rating
          3 Star Rating
          3 Star Rating
          Quartile (within category)3332
          # of funds in category271230195103

            Portfolio analysis

            Overall allocation

            As of Jun 30, 2023
            Asset allocation%
            swatch
            International equity70.7
            Emg markets equity27.0
            Cash1.3
            Other0.6
            U.S. equity0.4
            Geographic allocation%
            swatch
            China23.1
            Taiwan17.3
            South Korea12.9
            Brazil9.8
            India9.2
            South Africa6.5
            Hong Kong3.4
            Mexico2.9
            Indonesia2.8
            Cayman Islands2.1
            Other10.0

              Equity allocation

              As of Jun 30, 2023
              Sector allocation*%
              swatch
              Financials28.0
              Information technology27.8
              Consumer discretionary11.5
              Telecommunication services8.4
              Consumer staples6.8
              Industrials5.4
              Materials4.5
              Energy2.6
              Health care1.7
              Real Estate1.7
              Utilities1.5
              Market capitalization%
              swatch
              Giant66.4
              Large21.6
              Medium11.5
              Small0.4
              Micro0.0
              • *Global Industry Classification Standard (GICS).

              Morningstar Style Boxᵀᴹ

              As of Aug 31, 2023

              Equity style

              value
              blend
              growth
              large
              mid
              small
              Large blend

                Holdings

                Top ten holdings

                As of Jun 30, 2023
                HoldingsPercentage%
                Taiwan Semiconductor Manufacturing Co Ltd8.6
                Samsung Electronics Co Ltd6.9
                Tencent Holdings Ltd4.8
                Alibaba Group Holding Ltd Ordinary Shares3.0
                ICICI Bank Ltd1.9
                HDFC Bank Ltd1.9
                AIA Group Ltd1.8
                Hon Hai Precision Industry Co Ltd1.7
                Itau Unibanco Holding SA ADR1.6
                Fomento Economico Mexicano SAB de CV ADR1.6
                  • 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.

                  Commentary

                  September 30, 2021
                  Sun Life Schroder Emerging Markets Fund | Q3 2021
                  Emerging markets (EM) delivered negative returns in Q3 2021, with the fund outperforming the index.

                  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.