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Sun GIF Solutions Sun Life Dynamic Strategic Yield Estate Series A

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Sun GIF Solutions Sun Life Dynamic Strategic Yield Estate Series A

$12.5643
Net asset value per security (NAVPS) as of October 22, 2021
Increase $0.0426 0.34%
Benchmark

Blended benchmark§

Fund category

Global Neutral Balanced

MorningstarTM Rating

Rated 3 out of 5 stars.

Funds in category

206

Fund categories are maintained by the Canadian Investment Funds Standards Committee (CIFSC).

 

Portfolio analysis (as of September 30, 2021)

Composition

Composition: This table displays the breakdown of the fund
%
Cash 23.6
Fixed income 12.4
Canadian equity 23.8
U.S. equity 30.4
International equity 2.1
Emg markets equity 0.0
Other 7.6

Equity style

Equity style is large cap value
This table displays the investment segmentation of the equity portion of the fund: Large value

Fixed inc style

Fixed income style is Extensive Medium
This table displays the investment segmentation of the fixed income portion of the fund:

This table displays the geographical breakdown of the investments within the fund
Geographic composition %
 
Canada 43.7
United States 53.0
Asia / Pacific 0.2
Europe 3.1
Latin America 0.0
Middle East & Africa 0.0
Others 0.0
This table displays the sector allocation of the investments within the fund
Global equity sectors* %
of equity allocation
Utilities 11.5
Energy 4.9
Financials 24.8
Materials 1.9
Consumer discretionary 5.4
Consumer staples 5.3
Telecommunication services 8.5
Industrials 8.7
Health care 9.3
Information technology 11.3
Real Estate 8.5

This table displays the top 10 holdings within the fund
Top ten holdings as of June 30, 2021 %
1832 AM Investment Grade US Corp Bd Pl I 6.9
Dynamic Total Return Bond Series O 4.9
1832 Am U.S. $ Investment Grade U.S. Corporate Bond Pool, Series "i" 3.5
Royal Bank of Canada 3.0
Fortis Inc 2.0
JPMorgan Chase & Co 1.7
BCE Inc 1.7
Microsoft Corp 1.7
Innergex Renewable Energy Inc 1.7
NextEra Energy Inc 1.6
This table shows the breakdown of the fixed income holdings within the fund
Fixed income %
of fixed income allocation
Government bonds 17.2
Corporate bonds 16.8
Securitized 0.4
Cash & Equivalents 65.7
Derivatives 0.0

Cash and cash equivalents are not shown.

Sun GIF Solutions Sun Life Dynamic Strategic Yield Estate Series A invests directly in units of the Sun Life Dynamic Strategic Yield Fund (the "underlying fund"). The portfolio analysis section is representative of the underlying Fund.

*Global Industry Classification Standard (GICS).

Performance analysis (as of September 30, 2021)

Calendar year YTD 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Total assets $M 11.8 9.7 9.7 7.4 6.7 4.2 - - - - -
Total assets of Underlying $M
154.3
74.7
244.9
243.4
252.6
250.8
65.2
45.7
-
-
-
Fund return % 6.7 0.0 10.3 -3.8 5.4 0.9
4.8
5.9
- - -
Category return % 6.2 4.7 11.2 -7.5 4.6 5.0
0.6
6.8
- - -
Quartile (within category) 2 4 4 2 3 4
2
4
- - -
Trailing 1 month 3 month 6 month 1 yr 3 yr 5 yr 10 yr Since inception
Fund return % -2.0 0.7 4.4 10.6 4.0 3.6 - 3.2
Category return % -2.4 -0.4 4.1 11.6 4.8 3.9 - -
MorningstarTM rating - - - - Rated 3 out of 5 stars. Rated 3 out of 5 stars. - -
Quartile (within category) 2 1 2 2 3 2 - -
# of funds in category 224 224 217 217 206 184 - -
Calendar yearTrailing

Calendar year

Total assets $M

  • YTD
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 11.8
  • 9.7
  • 9.7
  • 7.4
  • 6.7
  • 4.2
  • -
  • -
  • -
  • -
  • -

Total assets of Underlying $M

  • YTD
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 154.3
  • 74.7
  • 244.9
  • 243.4
  • 252.6
  • 250.8
  • 65.2
  • 45.7
  • -
  • -
  • -

Fund return %

  • YTD
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 6.7
  • 0.0
  • 10.3
  • -3.8
  • 5.4
  • 0.9
  • 4.8
  • 5.9
  • -
  • -
  • -

Category return %

  • YTD
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 6.2
  • 4.7
  • 11.2
  • -7.5
  • 4.6
  • 5.0
  • 0.6
  • 6.8
  • -
  • -
  • -

Quartile (within category)

  • YTD
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2
  • 4
  • 4
  • 2
  • 3
  • 4
  • 2
  • 4
  • -
  • -
  • -

Trailing

Fund return %

  • 1 month
  • 3 month
  • 6 month
  • 1 yr
  • 3 yr
  • 5 yr
  • 10 yr
  • Since inception
  • -2.0
  • 0.7
  • 4.4
  • 10.6
  • 4.0
  • 3.6
  • -
  • 3.2

Category return %

  • 1 month
  • 3 month
  • 6 month
  • 1 yr
  • 3 yr
  • 5 yr
  • 10 yr
  • Since inception
  • -2.4
  • -0.4
  • 4.1
  • 11.6
  • 4.8
  • 3.9
  • -
  • -

Morningstar TM rating

  • 1 month
  • 3 month
  • 6 month
  • 1 yr
  • 3 yr
  • 5 yr
  • 10 yr
  • Since inception
  • -
  • -
  • -
  • -
  • ★★★
  • ★★★
  • -
  • -

Quartile (within category)

  • 1 month
  • 3 month
  • 6 month
  • 1 yr
  • 3 yr
  • 5 yr
  • 10 yr
  • Since inception
  • 2
  • 1
  • 2
  • 2
  • 3
  • 2
  • -
  • -

# of funds in category

  • 1 month
  • 3 month
  • 6 month
  • 1 yr
  • 3 yr
  • 5 yr
  • 10 yr
  • Since inception
  • 224
  • 224
  • 217
  • 217
  • 206
  • 184
  • -
  • -

Underlying fund 'Sun Life Dynamic Strategic Yield Fund' performance is displayed for a time frame prior to May 04, 2015

Current value of a $10,000 investment

$

Time frame:

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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.

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Overview

Investment objective

The fund's investment objective is to seek to achieve income and long-term capital growth through exposure to primarily a diversified portfolio of fixed income and income-oriented equity securities by investing primarily in units of Sun Life Dynamic Strategic Yield fund or its successor fund (the "underlying Trust fund").  The underlying fund information for the Top 10 investments, Investment mix and past performance sections below relate to the underlying Trust fund.

This Fund may be suitable for investors who:

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

Fund essentials

Inception date 04/05/2015
Min initial inv $ 500
Min additional inv $ 100
MER % audited as at December 31, 2020 2.97
Management fee % 1.85

Management company

SLGI Asset Management Inc.

Sub-advisor

1832 Asset Management L.P.

Risk profile

Risk profile: Low-to-medium

Refer to Simplified Prospectus for more detail.

Management team

Dynamic Funds: 

  • Oscar Belaiche, HBA, FICB, CFA , Senior Vice President & Portfolio Manager; 
  • Jason Gibbs, BAcc., CPA, CA, CFA,  Vice President & Portfolio Manager

NOTES AND DISCLAIMERS

§ Blended benchmark: 50% S&P/TSX Capped Comp; 50% DEX Universe Bond.

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

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 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).

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.

© 2015 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.