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IA Clarington Strategic Equity Income Fund Series A

Canadian Div & Inc Equity

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

Fundata ESG GradeC Click for more information on Fundata’s ESG Grade

Fundata ESG Grade C

Click for more information on Fundata’s ESG Grade.

NAVPS
(04-19-2024)
$21.50
Change
$0.08 (0.38%)

As at March 31, 2024

As at February 29, 2024

As at February 29, 2024

Period
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IA Clarington Strategic Equity Income Fund Series A

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Fund Returns

Inception Return (August 29, 2011): 7.09%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund 2.75% 5.95% 14.70% 5.95% 11.49% 1.63% 6.95% 12.02% 6.60% 6.63% 5.59% 6.43% 5.38% 5.50%
Benchmark 4.14% 6.62% 15.26% 6.62% 13.96% 3.95% 9.11% 16.99% 9.96% 9.65% 8.48% 9.70% 7.76% 7.67%
Category Average 2.88% 13.24% 13.24% 5.34% 9.89% 1.74% 7.86% 13.92% 7.75% 7.60% 6.53% 7.55% 6.30% 6.18%
Category Rank 290 / 458 170 / 453 95 / 451 170 / 453 169 / 448 300 / 437 344 / 410 352 / 396 315 / 387 306 / 360 277 / 336 262 / 308 216 / 268 195 / 256
Quartile Ranking 3 2 1 2 2 3 4 4 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 1.55% -3.54% 3.55% 1.58% -1.46% -4.26% -4.63% 7.33% 5.76% 0.83% 2.28% 2.75%
Benchmark 2.90% -4.95% 3.36% 2.58% -1.37% -3.33% -3.21% 7.48% 3.91% 0.55% 1.82% 4.14%

Best Monthly Return Since Inception

8.50% (November 2020)

Worst Monthly Return Since Inception

-12.04% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 10.82% -2.99% 10.28% 6.53% -5.01% 15.27% -2.07% 26.66% -8.56% 7.95%
Benchmark 10.55% -8.32% 21.08% 9.10% -8.89% 22.88% 5.60% 25.09% -5.84% 11.75%
Category Average 8.23% -6.21% 17.48% 7.25% -7.75% 18.42% -1.18% 26.41% -3.72% 7.17%
Quartile Ranking 2 2 4 3 2 4 3 3 4 2
Category Rank 97/ 244 114/ 267 275/ 303 220/ 334 100/ 359 337/ 381 259/ 396 224/ 408 407/ 431 197/ 442

Best Calendar Return (Last 10 years)

26.66% (2021)

Worst Calendar Return (Last 10 years)

-8.56% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 70.47
US Equity 15.08
Income Trust Units 9.35
Cash and Equivalents 5.11
Other -0.01

Sector Allocation

Sector Allocation
Name Percent
Financial Services 24.57
Industrial Services 12.84
Real Estate 12.82
Energy 9.10
Technology 8.21
Other 32.46

Geographic Allocation

Geographic Allocation
Name Percent
North America 97.68
Latin America 2.31
Other 0.01

Top Holdings

Top Holdings
Name Percent
Royal Bank of Canada 4.40
Stantec Inc 3.87
Toronto-Dominion Bank 3.86
Waste Connections Inc 3.46
Brookfield Corp Cl A 3.17
Loblaw Cos Ltd 3.03
JPMorgan Chase & Co 2.96
CGI Inc Cl A 2.70
Canadian Natural Resources Ltd 2.63
Canadian Pacific Kansas City Ltd 2.57

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

IA Clarington Strategic Equity Income Fund Series A

Median

Other - Canadian Div & Inc Equity

3 Yr Annualized

Standard Deviation 12.25% 12.87% 10.32%
Beta 0.87% 0.77% 0.74%
Alpha -0.01% -0.01% 0.00%
Rsquared 0.90% 0.87% 0.83%
Sharpe 0.40% 0.41% 0.44%
Sortino 0.55% 0.46% 0.39%
Treynor 0.06% 0.07% 0.06%
Tax Efficiency 95.75% 95.61% 95.95%
Volatility Volatility rating is 6 on a scale of 1 to 10 Volatility rating is 6 on a scale of 1 to 10 Volatility rating is 5 on a scale of 1 to 10

Risk Rating

Rating 6 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 13.24% 12.25% 12.87% 10.32%
Beta 0.99% 0.87% 0.77% 0.74%
Alpha -0.02% -0.01% -0.01% 0.00%
Rsquared 0.92% 0.90% 0.87% 0.83%
Sharpe 0.53% 0.40% 0.41% 0.44%
Sortino 1.11% 0.55% 0.46% 0.39%
Treynor 0.07% 0.06% 0.07% 0.06%
Tax Efficiency 96.34% 95.75% 95.61% 95.95%

Fundata ESG Metrics

Fundata ESG Score

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

Fund Details

Start Date August 29, 2011
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $803

Fund Codes

FundServ Code Load Code Sales Status
CCM3500
CCM3501
CCM3502

Investment Objectives

The Fund’s objective is to generate regular dividend and interest income and moderate long term capital growth. The Fund invests primarily in high quality dividend paying common and preferred shares of Canadian and U.S. issuers, as well as income trust units and/or fixed income securities of Canadian and U.S. issuers. The fundamental investment objective may only be changed with the approval of a majority of Securityholders at a meeting called for that purpose.

Investment Strategy

The portfolio manager: employs a bottom-up security selection process combined with a top-down overlay to determine the risk-reward opportunity for each investment and the Fund’s overall positioning; in determining the valuation of a company, pays particular attention to the ability of the company to deliver sustainable cash flows, consistent earnings and identifying factors that could impact a company’s prospects.

Portfolio Manager(s)

Name Start Date
Industrial Alliance Investment Management Inc. 08-08-2011

Management and Organization

Fund Manager IA Clarington Investments Inc.
Advisor Industrial Alliance Investment Management Inc.
Custodian CIBC Mellon Trust Company
Registrar IA Clarington Investments Inc.
Distributor -
Auditor PriceWaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 50
PAC Subsequent 50
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 100

Fees

MER 2.26%
Management Fee 1.85%
Load Choice of Front or Back
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) 1.00%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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