- Franco-Nevada Corp. – The portfolio’s position in the gold-focused royalty and streaming company detracted from relative returns. The share price fell as it reported a lower-than-expected volume of mined materials and lowered guidance due to protest disruptions in its Panamanian operations.
- Rohto Pharmaceutical Co. Ltd. – The portfolio’s position in the pharmaceutical manufacturing company hindered relative returns. Despite growing sales and improving margins, its share price fell as foreign exchange impacts dented total revenue.
- Woodside Energy Group Ltd. – An overweight position in the petroleum exploration and production company detracted from relative performance. The stock price fell as it reported below-consensus revenue results due to lower-than-expected realized pricing.
SLGI Asset Management Inc. is the investment manager of the Sun Life family of mutual funds. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the fund’s prospectus. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
Sun Life Assurance Company of Canada is the issuer of accumulation annuities (insurance GICs), payout annuities and individual variable annuity contracts (segregated fund contracts). Any amount that is allocated to a segregated fund is invested at the risk of the contract owner and may increase or decrease in value. Sun Life Financial Trust Inc. is the issuer of guaranteed investment certificates.
Sun Life Global Investments is a trade name of SLGI Asset Management Inc., Sun Life Assurance Company of Canada and Sun Life Financial Trust Inc. all of which are members of the Sun Life group of companies.