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High Yield Fixed Income
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2014
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|
NAVPS (10-11-2024) |
$9.25 |
|---|---|
| Change |
$0.00
(0.04%)
|
As at September 30, 2024
As at August 31, 2024
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Inception Return (September 26, 2011): 3.81%
| 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 | 0.98% | 2.79% | 4.05% | 5.89% | 10.53% | 7.10% | 2.15% | 3.66% | 2.91% | 2.60% | 2.50% | 2.93% | 3.57% | 2.85% |
| Benchmark | 2.00% | 4.50% | 6.96% | 11.39% | 16.92% | 13.88% | 3.99% | 4.21% | 4.33% | 4.99% | 4.94% | 4.89% | 5.51% | 6.30% |
| Category Average | 1.23% | 5.02% | 5.02% | 6.67% | 12.65% | 9.09% | 1.37% | 3.08% | 2.89% | 3.06% | 2.83% | 3.11% | 3.64% | 3.00% |
| Category Rank | 253 / 305 | 282 / 304 | 274 / 303 | 250 / 303 | 268 / 301 | 268 / 297 | 128 / 288 | 144 / 275 | 172 / 271 | 203 / 256 | 177 / 237 | 157 / 222 | 142 / 194 | 138 / 183 |
| Quartile Ranking | 4 | 4 | 4 | 4 | 4 | 4 | 2 | 3 | 3 | 4 | 3 | 3 | 3 | 4 |
| Return % | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -0.63% | 2.96% | 2.03% | 0.65% | 0.24% | 0.86% | -0.30% | 1.15% | 0.37% | 1.05% | 0.74% | 0.98% |
| Benchmark | 1.59% | 2.42% | 0.89% | 1.39% | 1.87% | 0.83% | 0.55% | 0.00% | 1.79% | 2.95% | -0.48% | 2.00% |
3.82% (April 2016)
-9.35% (March 2020)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 3.09% | -4.64% | 16.23% | 2.73% | -1.57% | 5.11% | 3.11% | 5.12% | -6.28% | 6.43% |
| Benchmark | 8.91% | 14.93% | 10.80% | 2.96% | 5.36% | 7.98% | 6.14% | 0.50% | -6.92% | 10.36% |
| Category Average | 2.69% | -2.71% | 9.58% | 5.34% | -2.63% | 9.49% | 5.35% | 3.21% | -10.00% | 8.59% |
| Quartile Ranking | 3 | 3 | 1 | 4 | 2 | 4 | 3 | 2 | 1 | 4 |
| Category Rank | 101/ 172 | 136/ 184 | 35/ 200 | 189/ 228 | 86/ 239 | 241/ 264 | 196/ 274 | 95/ 279 | 50/ 288 | 265/ 297 |
16.23% (2016)
-6.28% (2022)
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 42.05 |
| Foreign Corporate Bonds | 36.43 |
| Cash and Equivalents | 13.88 |
| Foreign Government Bonds | 2.44 |
| Canadian Government Bonds | 2.27 |
| Other | 2.93 |
| Name | Percent |
|---|---|
| Fixed Income | 83.18 |
| Cash and Cash Equivalent | 13.88 |
| Energy | 1.62 |
| Consumer Goods | 1.19 |
| Industrial Goods | 0.08 |
| Other | 0.05 |
| Name | Percent |
|---|---|
| North America | 99.91 |
| Latin America | 0.08 |
| Other | 0.01 |
| Name | Percent |
|---|---|
| United States Dollar | 3.04 |
| United States Treasury 4.13% 15-Nov-2032 | 2.43 |
| iShares iBoxx $ Inv Grade Corp Bond ETF (LQD) | 2.22 |
| Atkinsrealis Group Inc 7.00% 12-Jun-2026 | 2.12 |
| KeHE Distributors LLC 9.00% 15-Feb-2029 | 2.03 |
| ATS Company 6.50% 21-Aug-2032 | 1.83 |
| Chemtrade Logistics Inc. 6.38% 28-Aug-2029 | 1.83 |
| Russel Metals Inc 5.75% 27-Oct-2025 | 1.78 |
| Garda World Security Corp 9.50% 01-Nov-2027 | 1.75 |
| Cooper Equipment Rentals Ltd 7.45% 04-Jul-2029 | 1.74 |
IA Clarington Strategic Corporate Bond Fund Series A
Median
Other - High Yield Fixed Income
| Standard Deviation | 4.34% | 5.89% | 5.16% |
|---|---|---|---|
| Beta | 0.43% | 0.60% | 0.41% |
| Alpha | 0.00% | 0.00% | 0.00% |
| Rsquared | 0.48% | 0.54% | 0.31% |
| Sharpe | -0.26% | 0.14% | 0.27% |
| Sortino | -0.25% | 0.01% | -0.01% |
| Treynor | -0.03% | 0.01% | 0.03% |
| Tax Efficiency | 2.54% | 26.17% | 14.52% |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 3.33% | 4.34% | 5.89% | 5.16% |
| Beta | 0.18% | 0.43% | 0.60% | 0.41% |
| Alpha | 0.07% | 0.00% | 0.00% | 0.00% |
| Rsquared | 0.03% | 0.48% | 0.54% | 0.31% |
| Sharpe | 1.62% | -0.26% | 0.14% | 0.27% |
| Sortino | 6.87% | -0.25% | 0.01% | -0.01% |
| Treynor | 0.30% | -0.03% | 0.01% | 0.03% |
| Tax Efficiency | 78.80% | 2.54% | 26.17% | 14.52% |
| Start Date | September 26, 2011 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $771 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| CCM3550 | ||
| CCM3551 | ||
| CCM3552 |
The Fund’s objective is to provide income and the potential for long term capital growth by investing primarily in fixed income securities with an emphasis on corporate and other higher yielding fixed income securities. The fundamental investment objective may only be changed with the approval of a majority of Securityholders at a meeting called for that purpose.
The portfolio manager: uses fundamental analysis to select investments and reviews the values of the investments on an ongoing basis, paying particular attention to credit quality and diversification by geographic region, industry sector, size of issuer and credit rating. The Fund: will invest primarily in fixed income securities of North American companies; may from time to time invest a significant portion of the Fund’s assets in non-North American companies.
| Name | Start Date |
|---|---|
| Dan Bastasic | 12-07-2020 |
| 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 |
| 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 |
| MER | 2.00% |
|---|---|
| Management Fee | 1.55% |
| Load | Choice of Front or No Load |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 0.70% |
| Trailer Fee Max (DSC) | 0.70% |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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