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Floating Rate Loan
|
NAVPS (11-22-2024) |
$8.32 |
|---|---|
| Change |
$0.00
(0.00%)
|
As at October 31, 2024
As at September 30, 2024
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Inception Return (December 31, 2015): 2.04%
| 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 | 0.45% | 1.40% | -0.10% | -0.70% | 0.63% | 2.55% | 0.09% | 1.68% | 0.60% | 1.50% | 1.62% | 1.77% | - | - |
| Benchmark | -2.12% | 2.19% | 5.35% | 5.16% | 13.26% | 17.25% | 4.32% | 5.56% | 4.55% | 4.26% | 3.23% | 4.18% | 4.32% | 3.13% |
| Category Average | 0.75% | 1.60% | 2.95% | 5.47% | 8.19% | 8.28% | 3.59% | 4.46% | 3.24% | 3.01% | 3.08% | 3.29% | 3.40% | 3.23% |
| Category Rank | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Quartile Ranking | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Return % | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.00% | 0.33% | 0.29% | 0.11% | -1.41% | 0.43% | -1.73% | -0.07% | 0.32% | 0.56% | 0.38% | 0.45% |
| Benchmark | 4.96% | 2.62% | 0.00% | -0.02% | 0.51% | -0.67% | 2.38% | -0.68% | 1.40% | 2.98% | 1.38% | -2.12% |
2.66% (January 2019)
-11.26% (March 2020)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | 4.64% | 2.47% | 1.41% | 7.49% | -1.49% | 3.59% | -3.46% | 4.56% |
| Benchmark | -6.57% | -7.28% | 8.33% | 13.62% | -5.68% | 6.60% | 7.15% | -0.12% | -7.58% | 17.57% |
| Category Average | 3.44% | -0.88% | 8.41% | 4.02% | 0.32% | 6.37% | -0.22% | 4.16% | -4.30% | 9.97% |
| Quartile Ranking | - | - | - | - | - | - | - | - | - | - |
| Category Rank | - | - | - | - | - | - | - | - | - | - |
7.49% (2019)
-3.46% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 50.64 |
| Cash and Equivalents | 37.58 |
| Canadian Corporate Bonds | 9.87 |
| US Equity | 0.95 |
| Foreign Bonds - Other | 0.88 |
| Other | 0.08 |
| Name | Percent |
|---|---|
| Fixed Income | 61.50 |
| Cash and Cash Equivalent | 37.57 |
| Consumer Goods | 0.95 |
| Other | -0.02 |
| Name | Percent |
|---|---|
| North America | 93.79 |
| Europe | 1.24 |
| Latin America | 1.04 |
| Other | 3.93 |
| Name | Percent |
|---|---|
| United States Dollar | 28.04 |
| SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) | 6.61 |
| embecta | 1.67 |
| UNITED AIRLINES INC, Term Loan | 1.61 |
| NORTHRIVER MIDSTREAM FIN, Term Loan | 1.61 |
| Ciena Corp | 1.59 |
| Iron Mountain Inc 4.88% 15-Sep-2029 | 1.56 |
| Air Canada 4.63% 15-Aug-2029 | 1.56 |
| AMERICAN AIRLINES INC, Term Loan | 1.50 |
| Parkland Corporation 6.00% 23-Jun-2028 | 1.36 |
IA Clarington U.S. Dollar Floating Rate Income Fund Series A
Median
Other - Floating Rate Loan
| Standard Deviation | 3.18% | 6.02% | - |
|---|---|---|---|
| Beta | 0.20% | 0.52% | - |
| Alpha | -0.02% | -0.02% | - |
| Rsquared | 0.20% | 0.54% | - |
| Sharpe | -1.04% | -0.24% | - |
| Sortino | -0.97% | -0.39% | - |
| Treynor | -0.16% | -0.03% | - |
| Tax Efficiency | - | - | - |
| Volatility |
|
|
- |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 2.78% | 3.18% | 6.02% | - |
| Beta | 0.18% | 0.20% | 0.52% | - |
| Alpha | -0.02% | -0.02% | -0.02% | - |
| Rsquared | 0.04% | 0.20% | 0.54% | - |
| Sharpe | -1.43% | -1.04% | -0.24% | - |
| Sortino | -0.90% | -0.97% | -0.39% | - |
| Treynor | -0.23% | -0.16% | -0.03% | - |
| Tax Efficiency | - | - | - | - |
| Start Date | December 31, 2015 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | USD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $16 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| CCM8880 | ||
| CCM8881 |
The Fund’s objective is to provide unitholders with a stream of current monthly income in U.S. dollars by investing primarily in senior floating rate loans, other floating rate securities and debt obligations of investment grade and non-investment grade North American and global corporate issuers. The fundamental investment objective may only be changed with the approval of a majority of Securityholders at a meeting called for that purpose.
The Fund: will invest in floating rate debt instruments that pay interest, at a margin or spread above a reference base lending rate (often the London Interbank Offered Rate or LIBOR or some other benchmark rate), resulting in higher payments to investors as the benchmark interest rate increases (and lower payments if the benchmark rate decreases). Such floating rate debt instruments will include senior floating rate loans (“Senior Loans”).
| Name | Start Date |
|---|---|
| Loomis Sayles & Company, L.P. | 09-04-2024 |
| iA Global Asset Management Inc. | 09-04-2024 |
| Fund Manager | IA Clarington Investments Inc. |
|---|---|
| Advisor | iA Global Asset Management Inc. |
| Custodian | CIBC Mellon Trust Company |
| Registrar | IA Clarington Investments Inc. |
| Distributor | - |
| Auditor | PriceWaterhouseCoopers LLP |
| RSP Eligible | No |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 50 |
| PAC Subsequent | 50 |
| SWP Allowed | Yes |
| SWP Min Balance | 0 |
| SWP Min Withdrawal | 100 |
| MER | 1.91% |
|---|---|
| Management Fee | 1.45% |
| Load | Choice of Front or No Load |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 0.60% |
| Trailer Fee Max (DSC) | 0.60% |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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