FUND FACTS

Sun Life Assurance Company of Canada

FUND FACTS

Sun GIF Solutions

Sun GIF Solutions Fidelity Monthly Income

April 24, 2023

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Effective April 24, 2023, the Deferred Sales Charge (DSC) option and Low Load (LL) Sales Charge option will no longer be available for new purchases. Switching from a fund previously purchased under DSC or LL Sales Charge options to other DSC or LL funds, will continue to be permitted.

Quick facts

Date fund created Date series available Total value of the fund Total value on Fund manager Fund sub-advisor Portfolio turnover rate
May 04, 2015 May 04, 2015 $22,929,688 December 31, 2022 Fidelity Investments Canada ULC N/A 38 %
Guarantee Series - Sales charge option Minimum investment Management expense ratio (MER) (%) Net asset value per unit Number of units outstanding
Investment Series - F class $500 1.68 $13.3933 12589.512
Estate Series - F class $500 2.08 $12.295 5015.046

What does the fund invest in?

Fidelity Monthly Income fund offers a unique combination of high yielding equity and fixed-income securities, actively managed to aim to deliver a balance of income and growth.

The charts below give you a snapshot of the fund's investments on December 31, 2022. The fund’s investments will change.

Top 10 investments (December 31, 2022)

  1. iShares Comex Gold Trust ETF
     2.2%
  2. Rogers Communications Inc
     2.2%
  3. Fortis Inc
     1.6%
  4. BCE Inc
     1.6%
  5. Alimentation Couche-Tard Inc
     1.5%
  6. Imperial Brands PLC
     1.5%
  7. Shaw Communications
     1.3%
  8. TC Energy Corp
     1.3%
  9. Metro Inc
     1.3%
  10. Loblaw Companies Ltd
     1.1%
  11. Total percentage of top 10 investments 15.7%

Total number of investments 3338

Investment mix (December 31, 2022)

An Image
Asset mix
Asset Name Percentage
Canadian Equity 29.8
Canadian Fixed Income 21.9
U.S. Equity 9.9
U.S. Fixed Income 15.6
International Equity 5.3
International Fixed Income 6.5
Cash and Cash Equivalents 11.0

How has the fund performed?

This section tells you how the fund has performed over the past 10 years for an investor who chooses the basic guarantee. Returns are after the MER has been deducted. It's important to note that this doesn't tell you how the fund will perform in the future. Also, your actual return will depend on the guarantee option you choose and on your personal tax situation.

Average return (%)

As at December 31, 2022, a person who invested $1,000 in the fund on May 04, 2015 now has $1,229.90. This works out to an annual compound return of 2.7%.

Year-by-year returns (%)

This chart shows how units of the fund have performed in the past 10 years. In the last 10 years the fund was up in value 7 years, and down in value 3 years. The range of returns and change from year to year can help you assess how risky the fund has been in the past. It does not tell you how the fund will perform in the future.

Bar Chart
Fund average return percentages
Year Fund Name Percentage
2013Fidelity Monthly Income Fund11.6
2014Fidelity Monthly Income Fund7.9
2015Fidelity Monthly Income Fund1.2
2016Sun GIF Solutions Fidelity Monthly Income6.8
2017Sun GIF Solutions Fidelity Monthly Income-3.2
2018Sun GIF Solutions Fidelity Monthly Income-2.3
2019Sun GIF Solutions Fidelity Monthly Income11.2
2020Sun GIF Solutions Fidelity Monthly Income6.0
2021Sun GIF Solutions Fidelity Monthly Income10.6
2022Sun GIF Solutions Fidelity Monthly Income-5.4

How risky is it?

The value of the fund can go down as well as up. You could lose money.

One way to gauge risk is to look at how much a fund’s returns change over time. This is called “volatility”.

In general, funds with higher volatility will have returns that change more over time. They typically have a greater chance of losing money and have a greater chance of higher returns. Funds with lower volatility tend to have returns that change less over time. They typically have lower returns and may have a lower chance of losing money.

Risk rating

Sun Life has rated the volatility of this fund as low-to-medium. This rating is based on how much the fund’s returns have changed from year to year. It doesn’t tell you how volatile the fund will be in the future. The rating can change over time. A fund with a low risk rating can still lose money.

For more information about the risk rating and specific risks that can affect the fund’s returns, see the “potential risks of investing” section of the information folder.

Low Low to medium Medium Medium to High High
Potential risks of investing

Who is this fund for?

This fund is for investors who:

  • Plan to hold their investment for the long-term
  • Want to gain exposure to both equity and fixed income securities
  • Want the potential for both income and capital gains
  • Want the convenience of a diversified portfolio in a single fund
  • Can handle the volatility of returns generally associated with equity investments

Do not invest in this fund unless you are willing to accept the potential loss of a portion of your investment or if you have a short-term investment horizon.

Are there any guarantees?

This fund is being offered under an insurance contract. It comes with guarantees that may protect your investments if the markets go down. The MER includes a separate insurance fee that is charged for the guarantee. For details, please refer to the information folder and contract.

How much does it cost?

The following tables show the fees and expenses you could pay to buy, own and sell units of the fund. The fees and expenses – including any commissions – can vary among series of a fund and among funds. Higher commissions can influence advisors to recommend one investment over another. Ask about other funds and investments that may be suitable for you at a lower cost.

Sales charge options

There are no sales charges payable for this class.

Ongoing fund expenses

The MER includes the management fee and operating expenses of the fund. You do not pay the MER directly. The MER includes the insurance cost of the guarantee. It affects you because it reduces the return you get. For details about how the guarantees work, see the information folder and contract.

Guarantee series MER(%)
Investment Series - F class 1.68
Estate Series - F class 2.08

Trailing commission

No trailing commissions are paid for this series.

Other fees

You may have to pay other fees when you purchase, switch and transition units of the fund.

  • Early withdrawal fee — 2% of the value of the units you withdraw within 30 days of buying them.

What if I change my mind?

You can change your mind about your investment in a fund within two business days of the earlier of the date you received confirmation or five business days after it is mailed. You can also change your mind about subsequent transactions you make under the contract within two business days of the earlier of the date you received confirmation or five business days after it is mailed. In this case the right to cancel only applies to the new transaction.

You have to tell us in writing by email, fax or letter that you want to cancel. The amount returned will be the lesser of the amount you invested or the value of the fund if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any fees you paid.

For more information

This summary may not contain all the information you need. Please read the information folder and contract and guarantee series supplements.

Contact Sun Life Financial or your advisor for additional information. Visit sunlifeglobalinvestments.com/ff to view the fund facts for all available funds.

Sun Life Financial
227 King Street South Waterloo, Ontario N2J 4C5