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IA Clarington Strategic Corporate Bond Fund Series A

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High Yield Fixed Income

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2014

Click for more information on Fundata’s FundGrade

NAVPS
(12-20-2024) 		$9.23
Change
$0.01 (0.08%)

As at November 30, 2024

As at October 31, 2024

Period
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Legend

IA Clarington Strategic Corporate Bond Fund Series A

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Fund Returns

Inception Return (September 26, 2011): 3.83%

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 0.74% 1.91% 4.13% 6.86% 9.03% 6.54% 2.44% 3.27% 3.01% 3.11% 2.54% 2.87% 3.75% 2.97%
Benchmark 0.82% 5.17% 9.67% 14.84% 15.87% 12.91% 5.71% 4.51% 4.92% 5.53% 4.90% 5.16% 5.85% 6.42%
Category Average 1.12% 2.01% 5.52% 7.49% 10.61% 7.81% 1.98% 2.44% 2.94% 3.57% 2.87% 3.33% 3.63% 3.03%
Category Rank 278 / 304 206 / 304 281 / 302 225 / 302 269 / 302 269 / 296 157 / 287 136 / 278 171 / 272 211 / 260 179 / 237 174 / 225 141 / 199 136 / 183
Quartile Ranking 4 3 4 3 4 4 3 2 3 4 4 4 3 3

Monthly Return

Monthly Return
Return % Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov
Fund 2.03% 0.65% 0.24% 0.86% -0.30% 1.15% 0.37% 1.05% 0.74% 0.98% 0.18% 0.74%
Benchmark 0.89% 1.39% 1.87% 0.83% 0.55% 0.00% 1.79% 2.95% -0.48% 2.00% 2.26% 0.82%

Best Monthly Return Since Inception

3.82% (April 2016)

Worst Monthly Return Since Inception

-9.35% (March 2020)

Calendar Return (%)

Calendar Return
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/ 171 136/ 183 35/ 199 188/ 227 86/ 238 240/ 263 195/ 273 95/ 278 50/ 287 264/ 296

Best Calendar Return (Last 10 years)

16.23% (2016)

Worst Calendar Return (Last 10 years)

-6.28% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 39.35
Foreign Corporate Bonds 37.49
Cash and Equivalents 18.49
Canadian Government Bonds 2.14
Canadian Equity 1.80
Other 0.73

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 78.97
Cash and Cash Equivalent 18.49
Energy 1.38
Consumer Goods 1.10
Industrial Goods 0.08
Other -0.02

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.96
Latin America 0.08
Other -0.04

Top Holdings

Top Holdings
Name Percent
BROOKFIELD CORP 11/25/24 2.56
BROOKFIELD CORP 11/01/24 2.40
KeHE Distributors LLC 9.00% 15-Feb-2029 2.39
Doman Building Mats Group Ltd 7.50% 17-Sep-2029 2.14
Enbridge Gas Inc 01-Nov-2024 2.09
iShares iBoxx $ Inv Grade Corp Bond ETF (LQD) 2.05
Atkinsrealis Group Inc 7.00% 12-Jun-2026 1.97
ATS Company 6.50% 21-Aug-2032 1.69
Chemtrade Logistics Inc. 6.38% 28-Aug-2029 1.69
GardaWorld Security Corp 9.50% 01-Nov-2027 1.66

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

IA Clarington Strategic Corporate Bond Fund Series A

Median

Other - High Yield Fixed Income

3 Yr Annualized

Standard Deviation 4.33% 5.89% 5.16%
Beta 0.49% 0.59% 0.41%
Alpha 0.00% 0.00% 0.00%
Rsquared 0.57% 0.53% 0.30%
Sharpe -0.24% 0.15% 0.28%
Sortino -0.16% 0.03% 0.01%
Treynor -0.02% 0.01% 0.04%
Tax Efficiency 12.68% 28.58% 18.34%
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10

Risk Rating

Rating 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 2.03% 4.33% 5.89% 5.16%
Beta -0.06% 0.49% 0.59% 0.41%
Alpha 0.10% 0.00% 0.00% 0.00%
Rsquared 0.01% 0.57% 0.53% 0.30%
Sharpe 2.06% -0.24% 0.15% 0.28%
Sortino 10.29% -0.16% 0.03% 0.01%
Treynor -0.67% -0.02% 0.01% 0.04%
Tax Efficiency 74.79% 12.68% 28.58% 18.34%

Fund Details

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) $820

Fund Codes

FundServ Code Load Code Sales Status
CCM3550
CCM3551
CCM3552

Investment Objectives

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.

Investment Strategy

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.

Portfolio Manager(s)

Name Start Date
Dan Bastasic 12-07-2020

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 2.00%
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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