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 Life BlackRock Canadian Balanced Fund Series O

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Notes and Disclaimers

§ Blended benchmark: 60% S&P/TSX Capped Composite Index, 40% FTSE Canada Universe Bond Index.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. For periods greater than one year, the indicated rates of return are the historical annual compounded total returns as of the date indicated including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

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 mutual fund or returns on investment in any mutual fund.  

iShares® and BlackRock® are registered trademarks of BlackRock, Inc. and its affiliates. Used with permission.

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.

The Morningstar RatingTM for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

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 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.

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intro

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NOTE: Subject to obtaining all necessary unitholder and regulatory approvals, Sun Life BlackRock Canadian Balanced Fund will be merged into Sun Life Tactical Balanced ETF Portfolio. If approved, the merger will be effective on or about June 5, 2020. The Fund is closed to purchases in new investment accounts effective at the close of business on February 26, 2020.

Investment objective

The Fund's investment objective is to seek a combination of income and growth by investing primarily in Canadian equity securities and Canadian debt instruments directly or indirectly, through mutual funds and exchange traded funds (ETFs) that invest in such securities.

 

This Fund may be suitable for investors who:

  • seek a Canadian-focused, balanced fund with broad diversification
  • seek a moderate degree of growth and income
  • are medium- to long-term investors
  • are comfortable with low to medium investment risk
 

Fund essentials

Inception date April 1, 2014
Min initial inv $ 500
Min additional inv $ 50
MER % audited as of December 31,2016 1.97
Management fee % 1.55 *
Distributions A distribution may be applicable for this fund. Refer to Simplified Prospectus for more detail.
 
Management company
Sun Life Global Investments (Canada) Inc.

Sub-advisor
BlackRock Asset Management Canada Ltd.
 
Class Load structure Currency Fund Code
O ISC CAD SUNO116
 

Risk profile

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

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Management team

BlackRock Asset Management:
Marcia Moffat, MBA, Managing Director and Head, BlackRock Canada; Amy Whitelaw, Portfolio Manager; Alan Mason, Managing Director
Sun Life Global Investments (Canada) Inc.:
Sadiq Adatia, CFA, Chief Investment Officer; Chhad Aul, CFA, Portfolio Manager

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approach

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Investment management approach

The Fund's target allocation is approximately 60% Equity and 40% Fixed Income*. The equity component of the portfolio will hold approximately 70% Canadian equity and 30% global sector equity, primarily in areas where the Canadian market is under-represented. The Fund will obtain broad-based exposure to Canadian equity. This Fund invests in the Sun Life BlackRock Composite Equity Fund which attempts to replicate the performance of a well-known Canadian Equity Index. The Fund obtains global equity exposure by investing in global sector iShares exchange traded funds (ETFs). The Fixed Income component of the portfolio consists of broad-based exposure to Canadian bonds by investing in the Sun Life BlackRock Canadian Universe Bond Fund which attempts to replicate a well-known Canadian Bond index. The Fund obtains exposure to global bonds by investing in iShares global bond ETFs. The Fund is monitored and periodically rebalanced according to target allocations, which may change in order to meet changing market conditions. Approximately 50% of non-Canadian equity exposure and the majority of non-Canadian debt exposure will be hedged.

*Target allocation of the Fund may vary in accordance with the targets outlined in the prospectus.

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10k

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The calculator generates an approximate rate of return using performance information as at the first business day of each month in your chosen time frame. Returns for funds less than 1 year old cannot be displayed. The default settings invest $10,000 on the inception date of the fund, with an end date of January in the current year. For informational purposes, the initial investment amount and time frame can be adjusted according to your preference.

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portfolio analysis

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Cash and cash equivalents are not shown.

*Global Industry Classification Standard (GICS).

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