Sun Life Global Investments - Sun Life Dynamic Strategic Yield Fund

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Investment objective

The Fund seeks to achieve income and long-term capital growth by primarily investing directly in a diversified portfolio of fixed income and income-oriented equity securities, or indirectly by investing in mutual funds and exchange-traded funds that invest in such securities.


This Fund may be suitable for investors who:

  • seek income and capital growth potential through investments in both equities and fixed income securities
  • are long-term investors
  • are comfortable with low to medium investment risk

Fund essentials

Inception date Jan 17, 2013
Min initial inv $ 500
Min additional inv $ 50
MER % audited as at December 31, 2015 2.27
Management fee % 1.85
Distributions $0.0425 per unit per month. Refer to Simplified Prospectus for more detail.

Management company
Sun Life Global Investments (Canada) Inc.

1832 Asset Management L.P.
(manager of the Dynamic Funds)*
Toronto Ontario

*Dynamic, Dynamic Funds and Dynamic Strategic Yield Fund are registered and proprietary trademarks of Scotiabank, an affiliate of 1832 Asset Management L.P., used under license by the Manager.

Class Load structure Currency Fund Code

Risk profile

Risk profile: Low-to-medium
Refer to the Simplified Prospectus for greater detail.

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Management team

Dynamic Funds: Oscar Belaiche, CFA, Vice President and Portfolio Manager; Domenic Bellisimo, CFA, Vice President and Portfolio Manager; Thomas Dicker, CFA, Portfolio Manager; Jason Gibbs, Bacc, CPA, CA, CFA, Vice-president and Portfolio Manager; John Harris, Vice-president and Portfolio Manager; Bill Kim, CFA, Portfolio Manager; Michael McHugh, CFA, Vice-president and Portfolio Manager; Jennifer Stevenson, Vice-president and Portfolio Manager; Daniel Yungblut, CFA, Portfolio Manager; Steven Hall, CFA, Portfolio Manager

Cash and cash equivalents are not shown.

*Global Industry Classification Standard (GICS).

Returns for funds less than 1 year old cannot be displayed.

Returns for funds less than 1 year old cannot be displayed. The growth of $10k calculator calculates an approximate rate of return using the performance information as at the first business day of each month in your chosen time-frame.


Investment management approach

Dynamic Funds

Dynamic Funds, a division of 1832 Asset Management L.P., supports a culture that is driven by independent thinking. Whether choosing investment opportunities or managing portfolios, this highly-skilled team is encouraged to act boldly and capitalize on the opportunity. This principle is consistent across each of the core areas of Dynamic's business model.

Portfolio managers are unwavering when it comes to following their strategic convictions. Every decision they make is driven by their particular investment style and the goal of optimizing returns for investors while protecting their wealth.


Notes and Disclaimers

§ Blended benchmark: 50% S&P/TSX Composite Index, 50% FTSE TMX Canada Universe Bond Index.

The manager, Sun Life Global Investments (Canada) Inc., obtained approval of securityholders to change the way certain operating expenses are charged to the fund. The manager will replace the current method with a fixed rate administration fee, effective on or about January 1, 2015. The annual fixed rate administration fee will be 0.20% of the series value.

Sun Life Dynamic Equity Income Fund and Sun Life Dynamic Strategic Yield Fund each currently invest in an underlying fund. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund/ETF investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. The funds intend to make monthly distributions at a fixed rate, (starting at $0.04 per month for the Sun Life Dynamic Equity Income Fund and $0.0425 per month for the Sun Life Dynamic Strategic Yield Fund, as at January 17, 2013). The annualized distribution rate taken as of that date is approximately 4.8% and 5.1%, respectively. An investor's actual annual distribution rate will differ, and is dependent on the net asset value of the units at the time they are acquired, and on the rate of distribution at such time.

Distributions should not be confused with "yield" or "income", and are not intended to reflect a fund's investment performance or rate of return. Distributions may be comprised of income, capital gains or return of capital. The distribution rate on units held by an investor may be greater than the return on the fund's investments. If the cash distributions paid to an investor are greater than the net increase in the value of the investment, the distribution will erode the value of the original investment. Distributions are automatically reinvested in additional units of the applicable fund unless the investor instructs us to distribute cash.

If necessary, a fund will make an additional distribution of income and capital gains in December of each year. The funds may make additional distributions of income, capital gains or return of capital at any other time as we consider appropriate. A distribution of capital is not immediately taxable to an investor but will reduce the adjusted cost basis of the investor's units.

There can be no assurance that a fund will make any distributions in any particular month, and we reserve the right to adjust the amount of monthly distribution if we consider it appropriate, without notice.

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.

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

The Morningstar Style BoxTM 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.

Morningstar category averages are equal-weighted category returns. The calculation is simply the average of the returns for all the funds in a given category. The standard category average calculation is based on constituents of the category at the end of the period.

Categories are assigned by Canadian Investment Funds Standards Committee (CIFSC) based on an evaluation of a fund's holdings. A fund's category may change at any time. Funds within the same category may differ in terms of investment philosophy, investment process, as well as overall composition.

The calculators found on this website and/or within fund pages generated by this website and by users are provided for illustrative purposes only. The calculators are educational and/or illustrative tools and do not constitute advice with respect to investment, insurance, financial, legal, tax, accounting or similar matters.

The Global Industry Classification Standard ("GICS") was developed by and is the exclusive property and a service mark of MSCI Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P") and is licensed for use by Sun Life Global Investments (Canada) Inc. Neither MSCI, S&P, nor any other party involved in making or compiling the GICS or any GICS classifications makes any express or implied warranties or representations with respect to such standard or classification (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability and fitness for a particular purpose with respect to any of such standard or classification. Without limiting any of the foregoing, in no event shall MSCI, S&P, any of their affiliates or any third party involved in making or compiling the GICS or any GICS classifications have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.

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.

© ${currentYear} 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.