Current Price
As of Sep 23, 2022
$10.1701 CAD
-$0.0664 CAD | -0.65%
Overall Morningstar™ rating
2 Star Rating
Out of 180 Funds
CIFSC category
Global Neutral Balanced

Risk profile

Low to medium

MER
As of Dec 31, 2021
2.82%
Key reasons to invest in Sun GIF Solutions Sun Life Granite Income Estate Series A
  • Designed for a consistent level of income through a strategic mix of income-focused and equity mutual funds
  • Invests in a diversified mix of 60% fixed income and 40% equity mutual funds, including exchange-traded funds, and other income producing securities
  • Ideal for regular income through monthly distributions
    Fund essentials

    • Inception date
      May 4, 2015
    • Benchmark
      Blended benchmark
    • Management fee
      1.90%
    • Fund assets
      As of Aug 31, 2022
      $42.1M
    • Number of holdings
      As of Jul 31, 2022
      15
    • Min initial investment
      $500
    • Min additional investment
      $100
    Fund codes
    FELSLF SE136DSCSLF SE236LSCSLF SE336CBSLF SE736
    Performance

    Investment growth

    Aug 31, 2022

    • 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 segregated fund or returns on investment in any segregated fund.

    Compound returns

    As of Aug 31, 2022
    Fund %
    1 mth3 mth6 mth1 yr3 yr5 yr10 yrSince inception
    Fund %-2.7-3.9-8.3-11.7-1.20.50.6

    Calendar returns

    As of Aug 31, 2022
    Fund %
      YTD2021202020192018201720162015201420132012
      Fund %-12.56.42.010.9-4.84.83.00.810.24.6

      Morningstar Ratingᵀᴹ and Quartile rankings

      As of Aug 31, 2022
      1 yr3 yr5 yr10 yr
      Morningstarᵀᴹ rating

      1 Star Rating
      2 Star Rating

      Quartile (within category)344not available
      # of funds in category19318015949
        • Underlying fund 'Sun Life Granite Income Portfolio' performance is displayed for a time frame prior to May 04,2015
        Portfolio analysis

        Overall allocation

        As of Jul 31, 2022
        Asset allocation%
        swatch
        Fixed income46.4
        U.S. equity19.3
        Other10.4
        International equity10.0
        Canadian equity8.7
        Cash4.8
        Emg markets equity0.3
        Geographic allocation%
        swatch
        United States51.9
        Canada26.0
        United Kingdom4.3
        Japan1.7
        Italy1.3
        France1.1
        Australia0.9
        Spain0.9
        Germany0.8
        Netherlands0.8
        Other10.2

          Equity allocation

          As of Jul 31, 2022
          Sector allocation*%
          swatch
          Industrials16.0
          Real Estate13.7
          Utilities13.7
          Financials13.0
          Information technology11.3
          Health care7.4
          Energy5.7
          Telecommunication services5.4
          Consumer discretionary5.1
          Consumer staples4.5
          Materials4.2
          • Global Industry Classification Standard (GICS).

          Fixed income allocation

          As of Jul 31, 2022
          Fixed income allocation%
          swatch
          Corporate Bond61.6
          Government11.6
          Cash & Equivalents9.2
          Government-Related9.0
          Convertible5.2
          Preferred Stock1.6
          Asset-Backed1.5
          Municipal Taxable0.2
          Agency Mortgage-Backed0.0
          Bank Loan0.0
          Commercial Mortgage-Backed0.0
          Covered Bond0.0
          Future/Forward0.0
          Municipal Tax-Exempt0.0
          Non-agency Residential Mortgage-Backed0.0
          Option/Warrant0.0
          Swap0.0
          Credit mix%
          swatch
          AAA5.4
          AA13.6
          A20.7
          BBB33.9
          BB15.1
          B8.2
          Below B0.3
          Not Rated2.7

          Morningstar Style Boxᵀᴹ

          As of Aug 31, 2022

          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 Jul 31, 2022

          • Yield To Maturity
            5.23%
          • Effective duration (years)
            7.45
          • Average maturity (years)
            3.50
          • Average credit quality
            A
          • Sun GIF Solutions Sun Life Granite Income Estate Series A invests directly in units of the Sun Life Granite Income Portfolio (the "underlying fund"). The portfolio analysis section is representative of the underlying Fund.
          Holdings

          Top ten holdings

          As of Jul 31, 2022
          HoldingsPercentage%
          iShares iBoxx $ Invmt Grade Corp Bd ETF17.9
          Sun Life Real Assets Private Pool I14.5
          Sun Life MFS Canadian Bond I13.2
          Dynamic Equity Income Series O11.7
          Sun Life NWQ Flexible Income I9.7
          Sunlife Granite Tactical Completion Fd I8.5
          Sun Life KBI Global Dividend Priv Pl F8.0
          RBC Emerging Markets Bd (CAD Hedged) O5.0
          RBC High Yield Bond Fund O4.6
          Sun Life MFS Low Vol Global Equity I2.5
          • The holdings section is representative of the underlying Fund.
          • 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.

          Documents

          Notes and disclosures

          • ^Management Expense Ratio is an estimate in the first year.

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

            Any amount allocated to a segregated fund is invested at the risk of the contract owner and may increase or decrease in value

            Sun Life Assurance Company of Canada is the issuer of guaranteed insurance contracts, including Accumulation Annuities (Insurance GICs), Payout Annuities, and Individual Variable Insurance Contracts (Sun Life GIFs).

            Sun Life Assurance Company of Canada, a member of the Sun Life Financial group of companies, is the issuer of Sun Life GIFs individual variable annuity contracts. A description of the key features of this contract is contained in the information folder.

            Subject to any applicable death benefit and maturity guarantees, any part of the premium or other amount that is allocated to a segregated fund is invested at the risk of the contract owner and may increase or decrease in value according to fluctuations in the market value of the assets of the segregated fund.

            Please refer to sunlifegifs.com for additional information.

            Morningstar is an independent organization that groups funds with generally similar investment objectives for comparison purposes and ranks them on a historical basis.

            Morningstar star ratings are an objective, quantitative measure of a fund's historical risk-adjusted performance relative to other funds in its category, and are calculated from a fund's 3, 5, and 10-year returns measured against 91-day Treasury bill and peer group returns. The top 10% of the funds in a category earn five stars; the next 22.5% four stars; the following 35% three stars; the next 22.5% two stars, and the bottom 10% one star. The Overall Rating is a weighted combination of the 3, 5, and 10-year ratings. Only funds with at least a three-year track record are considered, and ratings are calculated only for categories with at least 20 funds.

            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).

            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.