Effective November 27, 2021, the deferred sales charge and low load sales charge purchase options will no longer be available for purchase on Sun Life Global Investments mutual funds. Switches between funds of the same sales charge purchase option will be permitted.

Wellington Management

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.

  • Deep history

    The parent company Wellington Management Group LLP (Wellington) was established in 1928

  • Global scale

    One of the largest asset managers in the world, Wellington is independently owned with more than $1.4 trillion assets under management 

  • Vast capabilities

    More than 800 investment professionals—253 dedicated to fixed income

Investment process

Wellington Management Canada ULC is the subadvisor for Sun Life Wellington Opportunistic Fixed Income Private Pool1, a globally diversified alternative fixed income solution. The portfolio management team has the flexibility to pursue the most attractive, risk-adjusted total returns across all of global fixed income, while seeking volatility similar to core bonds. They seek to provide dynamic rotation across global governments, inflation-linked, corporates, securitized, high yield, bank loans, emerging markets and convertibles. The team can invest truly anywhere, by investing in every sector, region, and security type across the broadest global fixed income investment universe.

The objective of the investment process is to construct a benchmark-agnostic portfolio designed to maximize total return with a long-term volatility profile in line with core fixed income. The portfolio construction process combines three distinct return drivers:

Strategic Sector

Market Neutral

Tactical

1-5 years

1-3 months

1-12 months

  • Longer-term thematic allocations to out-of-favour sectors where we believe we have uncovered both value and a catalyst for positive structural change.
  • Sector allocations combine top-down macro views with sector-specialist skills.
  • Relative value positions seek returns with low correlations to broad fixed income risk factors
  • Aim for downside mitigation in negative markets
  • Aim to profit by capturing shorter-term mispricing across global rates, credit and currency
  • May present additional total return prospects and low correlation to existing themes in the fund

Fund sub-advised

A high-conviction, unconstrained portfolio of global fixed income securities seeking core-like volatility that can complement a core fixed income portfolio.

Information is for Wellington Management group of companies as of March 31, 2020 in Canadian dollars. Wellington Management refers to Wellington Management Canada ULC; part of Wellington Management Group LLP.

1Effective July 14, 2021 Sun Life Opportunistic Fixed Income Private Pool was renamed Sun Life Wellington Opportunistic Fixed Income Private Pool.

2Fixed income relative value trading is an approach that attempts to capture mispricing opportunities by taking both long and short positions in different sectors.