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IA Clarington Strategic Income Fund Series A

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Canadian Neutral Balanced

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(11-22-2024) 		$16.60
Change
$0.04 (0.21%)

As at October 31, 2024

As at September 30, 2024

Period
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Legend

IA Clarington Strategic Income Fund Series A

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Fund Returns

Inception Return (August 29, 2011): 5.66%

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 -0.31% 2.51% 7.47% 9.65% 20.15% 7.88% 2.88% 7.50% 4.79% 5.30% 4.41% 4.79% 5.14% 4.17%
Benchmark -0.02% 3.47% 10.06% 11.25% 22.29% 10.73% 4.39% 7.65% 6.51% 7.44% 6.03% 6.02% 6.41% 5.69%
Category Average -0.34% 2.08% 8.14% 9.93% 19.40% 9.80% 3.28% 6.52% 5.31% 5.85% 4.61% 4.80% 4.82% 4.52%
Category Rank 288 / 452 202 / 452 383 / 452 377 / 446 232 / 446 411 / 426 359 / 406 204 / 392 326 / 376 324 / 368 277 / 355 252 / 345 224 / 329 256 / 298
Quartile Ranking 3 2 4 4 3 4 4 3 4 4 4 3 3 4

Monthly Return

Monthly Return
Return % Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct
Fund 5.20% 4.16% 0.58% 1.68% 1.88% -2.09% 1.65% -0.12% 3.26% 0.77% 2.05% -0.31%
Benchmark 6.01% 3.69% -0.31% 0.82% 2.49% -1.88% 1.52% 0.56% 4.19% 0.91% 2.55% -0.02%

Best Monthly Return Since Inception

6.42% (November 2020)

Worst Monthly Return Since Inception

-11.17% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 7.60% -5.86% 13.91% 5.44% -3.40% 13.09% -0.52% 16.44% -7.93% 5.55%
Benchmark 9.98% -3.02% 11.97% 6.22% -4.30% 15.62% 7.61% 11.90% -8.20% 9.43%
Category Average 7.98% 0.06% 6.65% 5.72% -4.72% 12.57% 6.33% 10.85% -9.35% 8.27%
Quartile Ranking 3 4 1 3 2 3 4 1 3 4
Category Rank 200/ 288 291/ 301 46/ 334 229/ 347 137/ 358 216/ 368 370/ 377 76/ 392 213/ 412 418/ 432

Best Calendar Return (Last 10 years)

16.44% (2021)

Worst Calendar Return (Last 10 years)

-7.93% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 40.42
Canadian Corporate Bonds 16.64
US Equity 12.83
Foreign Corporate Bonds 10.05
Cash and Equivalents 7.48
Other 12.58

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 35.06
Financial Services 14.36
Cash and Cash Equivalent 7.48
Industrial Services 6.46
Consumer Services 5.76
Other 30.88

Geographic Allocation

Geographic Allocation
Name Percent
North America 98.99
Latin America 1.00
Other 0.01

Top Holdings

Top Holdings
Name Percent
United States Treasury 4.13% 15-Nov-2032 6.03
Royal Bank of Canada 3.19
Toronto-Dominion Bank 3.07
Loblaw Cos Ltd 2.75
Waste Connections Inc 2.32
Stantec Inc 2.24
iShares iBoxx $ Inv Grade Corp Bond ETF (LQD) 2.22
Fortis Inc 2.18
Canadian Pacific Kansas City Ltd 2.00
CGI Inc Cl A 1.77

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Average Duration: S. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

IA Clarington Strategic Income Fund Series A

Median

Other - Canadian Neutral Balanced

3 Yr Annualized

Standard Deviation 8.87% 9.98% 8.30%
Beta 0.88% 0.90% 0.92%
Alpha -0.01% -0.01% -0.01%
Rsquared 0.92% 0.89% 0.83%
Sharpe -0.03% 0.29% 0.34%
Sortino 0.04% 0.29% 0.23%
Treynor 0.00% 0.03% 0.03%
Tax Efficiency 73.84% 79.15% 76.35%
Volatility Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 4 on a scale of 1 to 10

Risk Rating

Rating 4 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 6.97% 8.87% 9.98% 8.30%
Beta 0.88% 0.88% 0.90% 0.92%
Alpha 0.01% -0.01% -0.01% -0.01%
Rsquared 0.92% 0.92% 0.89% 0.83%
Sharpe 2.02% -0.03% 0.29% 0.34%
Sortino 6.46% 0.04% 0.29% 0.23%
Treynor 0.16% 0.00% 0.03% 0.03%
Tax Efficiency 94.02% 73.84% 79.15% 76.35%

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 Monthly
Assets ($mil) $2,594

Fund Codes

FundServ Code Load Code Sales Status
CCM3420
CCM3421
CCM3422

Investment Objectives

The Fund’s objective is to provide a consistent stream of income and capital appreciation by investing primarily in Canadian equity and fixed income investments. 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, the portfolio manager 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
Dan Bastasic 06-15-2022

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 500
SWP Min Withdrawal 100

Fees

MER 2.35%
Management Fee 1.90%
Load Choice of Front or No Load
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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