Current Price
As of
$12.2030 CAD
-$0.1026 CAD | -0.83%
Overall Morningstar™ rating
3 Star Rating
Out of 799 Funds
CIFSC category
Global Fixed Income Balanced

Risk profile

Low to medium

MER
As of Jun 30, 2024
0.97%
Key reasons to invest in Sun Life Granite Conservative Portfolio
  • An actively managed portfolio diversified by a broad range of asset classes, geographies, investment styles and managers
  • Designed for income and capital growth, by investing in a strategic mix of 65% fixed income and 35% equity, with an emphasis towards income
  • Tactical adjustments allow the portfolio manager to adapt to changing market conditions
    Fund essentials

    • Inception date
    • Benchmark
      Blended benchmark
    • Management fee
      0.70%
    • Fund assets
      As of
      $1.3B
    • Number of holdings
      As of
      32
    • Distribution frequency
      Monthly
    • Min initial investment
      $500
    • Min additional investment
      $50
    Fund codes
    NLSUN F5444
    Performance

    Investment growth

    Dec 31, 2024

    24.2%

    Chart

    Combination chart with 2 data series.
    The chart has 2 X axes displaying Time and navigator-x-axis.
    The chart has 2 Y axes displaying Investment Value ($) and navigator-y-axis.
    View one week1WView one month1MView year to dateYTDView one year1YView five years5YView ten years10YView allAll
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    • 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 Dec 31, 2024

    Chart

    Bar chart with 8 bars.
    The chart has 1 X axis displaying categories.
    The chart has 1 Y axis displaying values. Range: -2.5 to 10.
    Fund %
    1 mth3 mth6 mth1 yr3 yr5 yr10 yrSince inception
    Fund %-1.2-0.05.59.21.02.53.3

    Calendar returns

    As of Dec 31, 2024

    Chart

    Bar chart with 11 bars.
    The chart has 1 X axis displaying categories.
    The chart has 1 Y axis displaying values. Range: -15 to 15.
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    Fund %
    • **For the period February 09 to December 31.
    YTD2024202320222021202020192018*201720162015
    Fund %9.29.27.0-11.83.56.19.61.2
    • **For the period February 09 to December 31.

    Risk & Statistics

    As of Dec 31, 2024
    • Risk measures (3 years)
      Funds
    • Standard deviation
      7.98
    • Alpha
      -0.31
    • Beta
      1.11
    • R ²
      97.75
    • Upside capture
      109
    • Downside capture
      117
    • Sharpe Ratio %
      -0.31

    Morningstar Ratingᵀᴹ and Quartile rankings

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

    2 Star Rating
    3 Star Rating

    Quartile (within category)233not available
    # of funds in category882799342342

      Portfolio analysis

      Overall allocation

      As of Nov 30, 2024

      Chart

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      Asset allocation%
      swatch
      Fixed income52.6
      Other14.4
      U.S. equity11.6
      International equity10.1
      Canadian equity6.3
      Cash4.0
      Emg markets equity1.0
      Geographic allocation%
      swatch
      Canada40.4
      United States36.3
      United Kingdom2.6
      India1.5
      China1.3
      France1.2
      Japan1.2
      Taiwan1.0
      Switzerland0.8
      Brazil0.8
      Other13.0

        Equity allocation

        As of Nov 30, 2024

        Chart

        Pie chart with 11 slices.
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        Sector allocation*%
        swatch
        Financials18.8
        Information technology18.0
        Industrials14.0
        Consumer discretionary7.5
        Real Estate6.9
        Utilities6.6
        Health care5.9
        Telecommunication services5.8
        Materials5.6
        Energy5.5
        Consumer staples5.5
        • *Global Industry Classification Standard (GICS).

        Fixed income allocation

        As of Nov 30, 2024

        Chart

        Pie chart with 17 slices.
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        Fixed income allocation%
        swatch
        Corporate Bond28.3
        Government27.2
        Government-Related17.9
        Future/Forward7.9
        Agency Mortgage-Backed5.6
        Asset-Backed4.4
        Cash & Equivalents4.1
        Commercial Mortgage-Backed1.8
        Preferred Stock0.9
        Bank Loan0.9
        Non-agency Residential Mortgage-Backed0.4
        Convertible0.3
        Covered Bond0.2
        Municipal Taxable0.0
        Municipal Tax-Exempt0.0
        Option/Warrant0.0
        Swap0.0

        Chart

        Pie chart with 8 slices.
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        Credit mix%
        swatch
        AAA15.7
        AA33.8
        A12.1
        BBB20.2
        BB8.3
        B3.6
        Below B1.0
        Not Rated5.2

        Morningstar Style Boxᵀᴹ

        As of Dec 31, 2024

        Equity style

        value
        blend
        growth
        large
        mid
        small
        Large blend

        Fixed income style

        ltd
        mod
        ext
        large
        mid
        small
        Medium/Extensive

        Fixed income characteristics

        As of Nov 30, 2024
        • Yield To Maturity
          4.59%
        • Effective duration (years)
          6.90
        • Average maturity (years)
          12.03
        • Average credit quality
          A
          Holdings

          Top ten holdings

          As of Nov 30, 2024
          HoldingsPercentage%
          PH&N Bond Fund O14.2
          Sun Life US Core Fixed Inc I12.4
          Sun Life BlackRock Cdn Univ Bond11.7
          Sunlife Granite Tactical Completion Fd I8.5
          RBC Emerging Markets Bd (CAD Hedged) O5.6
          iShares Core S&P 500 ETF5.5
          Sun Life Real Assets Private Pool I5.0
          Sun Life BlackRock Cdn Composite Equity3.5
          Sun Life Wellington Oppc FxdInc PrivPl I3.2
          Sun Life Schroder Emerging Markets I2.9
            • Cash and cash equivalents are not shown.
            Management & Commentary

            Management

            Management Company :

            SLGI Asset Management Inc.

            image
            The Multi-Asset Solutions Team at Sun Life Global Investments is devoted to fund manager selection, oversight, and building managed solutions for Canadian investors – 100% of their time.

            Commentary

             
            Quarterly fund commentary | Sun Life Granite Conservative Portfolio
            This sub-advisor commentary explains the fund’s relative performance and the securities and sectors that impacted its returns. It also looks at how the fund is positioned given the manager’s economic and market outlook. New commentary is typically available 30 days after each quarter end.

            Documents

            Notes and disclosures

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

                Sun Life Granite Managed Solutions invest in mutual funds and/or exchange traded funds (ETFs).

                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).

                Average credit quality gives a snapshot of the fund's overall credit quality. It is an average of each fixed income security's credit rating, adjusted for its relative weighting in the fixed income portion of the fund. Morningstar, Inc. is not itself a Designated Rating Organization (DRO), nor does it issue a credit rating on the fund. A DRO's ratings can change from time-to-time.

                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.