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IA Clarington Core Plus Bond Fund Series A

Cdn Short Term Fixed Inc

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2019, 2018

Click for more information on Fundata’s FundGrade

NAVPS
(05-16-2024)
$9.06
Change
-$0.01 (-0.15%)

As at April 30, 2024

As at March 31, 2024

Period
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Legend

IA Clarington Core Plus Bond Fund Series A

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Fund Returns

Inception Return (June 25, 2014): 1.45%

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 -0.24% 0.14% 4.79% 0.50% 3.01% 1.50% -0.48% 1.47% 0.79% 1.20% 1.09% 1.35% 1.30% -
Benchmark -0.40% 0.18% 3.22% 0.04% 2.81% 2.24% 0.10% 0.48% 1.20% 1.61% 1.27% 1.34% 1.34% 1.52%
Category Average -0.36% 3.58% 3.58% 0.18% 2.98% 2.08% -0.03% 0.63% 0.97% 1.23% 0.97% 1.00% 0.91% 0.98%
Category Rank 132 / 318 212 / 317 34 / 281 123 / 283 159 / 270 231 / 256 190 / 239 70 / 230 162 / 222 141 / 205 112 / 191 86 / 177 80 / 165 -
Quartile Ranking 2 3 1 2 3 4 4 2 3 3 3 2 2 -

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -0.94% 0.07% 0.22% 0.09% -0.99% -0.14% 2.39% 1.83% 0.36% 0.61% -0.22% -0.24%
Benchmark -0.84% -0.32% -0.08% 0.39% -0.32% 0.78% 1.67% 1.48% -0.13% 0.05% 0.53% -0.40%

Best Monthly Return Since Inception

2.73% (April 2020)

Worst Monthly Return Since Inception

-6.40% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - 1.95% 2.56% 2.01% 0.45% 4.45% 4.16% 1.38% -7.81% 4.73%
Benchmark 3.01% 2.56% 0.90% 0.27% 1.89% 2.98% 5.17% -0.92% -3.98% 4.92%
Category Average 1.73% 0.55% 0.85% 0.42% 0.53% 2.93% 4.36% -0.83% -4.45% 4.84%
Quartile Ranking - 2 1 1 4 1 3 1 4 3
Category Rank - 57/ 161 39/ 174 26/ 182 165/ 202 27/ 219 160/ 229 22/ 235 247/ 249 168/ 263

Best Calendar Return (Last 10 years)

4.73% (2023)

Worst Calendar Return (Last 10 years)

-7.81% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 70.65
Foreign Corporate Bonds 15.60
Cash and Equivalents 5.85
Foreign Bonds - Other 5.08
Canadian Equity 1.01
Other 1.81

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 92.12
Cash and Cash Equivalent 5.85
Financial Services 1.02
Consumer Goods 0.77
Healthcare 0.07
Other 0.17

Geographic Allocation

Geographic Allocation
Name Percent
North America 93.51
Latin America 3.15
Europe 2.67
Other 0.67

Top Holdings

Top Holdings
Name Percent
Canadian Imperial Bank Commrce 4.00% 28-Dec-2026 1.38
Bank of Nova Scotia 3.63% 27-Oct-2026 1.38
FORE 8 DEVELOPMENTS 8.00% 15-Dec-2025 1.32
Royal Bank of Canada 4.50% 24-Oct-2025 1.17
Chartwell Retirement Residencs 6.00% 08-Dec-2026 1.15
Enbridge Inc 8.50% 15-Jan-2084 1.14
Canadian Imperial Bank Commrce 4.20% 07-Apr-2027 1.12
Canadian Imperial Bank Commrce 5.30% 16-Jan-2034 1.04
STARS GROUP HOLDINGS BV, Term Loan 1.03
Bank of Montreal 6.03% 07-Sep-2028 1.03

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

IA Clarington Core Plus Bond Fund Series A

Median

Other - Cdn Short Term Fixed Inc

3 Yr Annualized

Standard Deviation 3.74% 4.53% -
Beta 1.15% 1.18% -
Alpha -0.01% -0.01% -
Rsquared 0.67% 0.35% -
Sharpe -0.85% -0.24% -
Sortino -1.12% -0.55% -
Treynor -0.03% -0.01% -
Tax Efficiency - - -
Volatility 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 3.45% 3.74% 4.53% -
Beta 1.07% 1.15% 1.18% -
Alpha 0.00% -0.01% -0.01% -
Rsquared 0.69% 0.67% 0.35% -
Sharpe -0.51% -0.85% -0.24% -
Sortino 0.01% -1.12% -0.55% -
Treynor -0.02% -0.03% -0.01% -
Tax Efficiency 35.99% - - -

Fund Details

Start Date June 25, 2014
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $719

Fund Codes

FundServ Code Load Code Sales Status
CCM9300
CCM9301
CCM9302

Investment Objectives

The Fund’s objective is to provide income and the potential for long term capital growth, while preserving capital and mitigating the effects of interest rate fluctuations, by investing primarily in fixed income securities including government bonds, investment grade bonds and high-yield bonds, as well as other income producing securities such as asset-backed securities and senior floating rate loans.

Investment Strategy

The sub-advisor: uses fundamental and macro 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 in a combination of fixed income securities including government bonds, investment grade bonds, high yield bonds, asset backed securities and senior loans and other income producing securities.

Portfolio Manager(s)

Name Start Date
Amar Dhanoya 02-20-2020
Wellington Square Capital Partners Inc. 08-05-2020

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 0
SWP Min Withdrawal 100

Fees

MER 1.52%
Management Fee 1.20%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 0.50%
Trailer Fee Max (DSC) 0.50%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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