As of July 20, 2020, Sun Life Global Investments (Canada) Inc. changed its name to SLGI Asset Management Inc. It will take some time to update our websites, materials and forms and until that is complete, all references to Sun Life Global Investments (Canada) Inc. will mean SLGI Asset Management Inc. We’ve also brought together Sun Life mutual fund, segregated fund, annuity and guaranteed investment product businesses under the collective brand of Sun Life Global Investments.

Sun GIF Solutions Sun Life NWQ Flexible Income Estate Series F

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Sun GIF Solutions Sun Life NWQ Flexible Income Estate Series F

$11.7185
Net asset value per security (NAVPS) as of May 07, 2021
Increase $0.0075 0.06%
Benchmark

Barclays U.S. Aggregate Bond Index

Fund category

High Yield Fixed Income

MorningstarTM Rating

Rated 3 out of 5 stars.

Funds in category

186

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

 

Portfolio analysis (as of April 30, 2021)

Composition

Composition: This table displays the breakdown of the fund
%
Cash 4.8
Fixed income 65.7
Canadian equity 0.0
U.S. equity 8.3
International equity 2.3
Emg markets equity 1.4
Other 17.5

Fixed inc style

This table displays the investment segmentation of the fixed income portion of the fund:
This table shows the credit quality of the fixed income portion of the fund
Credit quality %
High 0.0
Medium 38.1
Low 53.9
NR / NA 8.0

This table displays the geographical breakdown of the investments within the fund
Geographic composition %
Canada 3.4
United States 87.1
Asia / Pacific 0.3
Europe 6.4
Latin America 2.8
Middle East & Africa 0.0
Others 0.0
This table shows the breakdown of the fixed income holdings within the fund
Fixed income %
Government bonds 0.0
Corporate bonds 94.4
Securitized 0.0
Cash & Equivalents 5.6
Derivatives 0.0

This table displays the top 10 holdings within the fund
Top ten holdings as of February 28, 2021 %
Hewlett Packard Enterprise Company 6.35% 2045-10-15 2.4
Citigroup Inc. 2049-12-31 1.8
ViacomCBS Inc 1.8
Emera Inc 2076-06-15 1.5
General Motors Company 6.6% 2036-04-01 1.5
Nexstar Escrow Inc 5.62% 2027-07-15 1.3
Sealed Air Corporation 6.88% 2033-07-15 1.3
McDonald's Corporation 4.88% 2045-12-09 1.2
Amkor Technology, Inc. 6.62% 2027-09-15 1.2
Centene Escrow I Corporation 5.38% 2026-06-01 1.2

Cash and cash equivalents are not shown.

Sun GIF Solutions Sun Life NWQ Flexible Income Estate Series F invests directly in units of the Sun Life NWQ Flexible Income Fund (the "underlying fund"). The portfolio analysis section is representative of the underlying Fund.

Performance analysis (as of March 31, 2021)

Calendar year YTD 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Total assets $M 8.9 9.0 8.9 7.2 6.2 2.7 - - - - -
Total assets of Underlying $M
383.6
3.3
104.2
103.6
103.9
103.7
2.8
-
-
-
-
Fund return % -0.7 0.0 15.1 -6.2 6.2 5.4
-1.4
- - - -
Category return % 2.0 4.7 11.2 -7.5 4.6 5.0
0.6
- - - -
Quartile (within category) 4 4 1 3 1 2
3
- - - -
Trailing 1 month 3 month 6 month 1 yr 3 yr 5 yr 10 yr Since inception
Fund return % 0.3 -0.7 4.0 15.7 2.8 3.5 - 2.5
Category return % 1.8 2.0 7.2 20.4 3.9 4.1 - -
MorningstarTM rating - - - - Rated 2 out of 5 stars. Rated 3 out of 5 stars. - -
Quartile (within category) 4 4 4 4 3 2 - -
# of funds in category 217 217 217 211 186 169 - -
Calendar yearTrailing

Calendar year

Total assets $M

  • YTD
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 8.9
  • 9.0
  • 8.9
  • 7.2
  • 6.2
  • 2.7
  • -
  • -
  • -
  • -
  • -

Total assets of Underlying $M

  • YTD
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 383.6
  • 3.3
  • 104.2
  • 103.6
  • 103.9
  • 103.7
  • 2.8
  • -
  • -
  • -
  • -

Fund return %

  • YTD
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • -0.7
  • 0.0
  • 15.1
  • -6.2
  • 6.2
  • 5.4
  • -1.4
  • -
  • -
  • -
  • -

Category return %

  • YTD
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2.0
  • 4.7
  • 11.2
  • -7.5
  • 4.6
  • 5.0
  • 0.6
  • -
  • -
  • -
  • -

Quartile (within category)

  • YTD
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 4
  • 4
  • 1
  • 3
  • 1
  • 2
  • 3
  • -
  • -
  • -
  • -

Trailing

Fund return %

  • 1 month
  • 3 month
  • 6 month
  • 1 yr
  • 3 yr
  • 5 yr
  • 10 yr
  • Since inception
  • 0.3
  • -0.7
  • 4.0
  • 15.7
  • 2.8
  • 3.5
  • -
  • 2.5

Category return %

  • 1 month
  • 3 month
  • 6 month
  • 1 yr
  • 3 yr
  • 5 yr
  • 10 yr
  • Since inception
  • 1.8
  • 2.0
  • 7.2
  • 20.4
  • 3.9
  • 4.1
  • -
  • -

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
  • 4
  • 4
  • 4
  • 4
  • 3
  • 2
  • -
  • -

# of funds in category

  • 1 month
  • 3 month
  • 6 month
  • 1 yr
  • 3 yr
  • 5 yr
  • 10 yr
  • Since inception
  • 217
  • 217
  • 217
  • 211
  • 186
  • 169
  • -
  • -

Underlying fund 'Sun Life NWQ Flexible Income Fund' performance is displayed for a time frame prior to May 04, 2015

Current value of a $10,000 investment

$

Time frame:

Update
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 timeframe.

INVESTMENT MANAGEMENT APPROACH

NWQ Investment Management Company, LLC

NWQ's approach to investing is based upon a bottom-up, fundamental approach. The team conducts independent research focused on understanding individual companies as businesses rather than viewing them simply as stocks. Part of the methodology includes rigorous financial statement evaluation, focusing on balance sheet and cash flow statement analysis above solely relying upon the income statement, a process they believe allows for a true understanding of a company's economic profitability, cash flow and return on capital.

By selecting a different fund the page will be refreshed with a new fund.

Overview

Investment objective

The fund seeks to achieve income and capital appreciation by investing primarily in a diversified portfolio of income producing securities.

This Fund may be suitable for investors who:

  • seek regular monthly income and capital appreciation
  • seek diversified sources of income in a single fund
  • are 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, 2019 1.65
Management fee % 0.95

Management company

SLGI Asset Management Inc.

Sub-advisor

NWQ Investment Management Company, LLC

Risk profile

Risk profile: Low-to-medium

Refer to Simplified Prospectus for more detail.

Management team

NWQ Investment Management Company, LLC: 

  • Thomas J. Ray, CFA, Managing Director, Fixed Income Portfolio Manager; 
  • Susi Budiman, CFA, Managing Director, Fixed Income Portfolio Manager

NOTES AND DISCLAIMERS

Effective May 9, 2016, the Sun Life Beutel Goodman Canadian Bond was renamed Sun Life Multi-Strategy 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).

Average credit quality gives a snapshot of the fund's overall credit quality. It is an average of each bond's credit rating, adjusted for its relative weighting in 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 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.