Join Fund Library now and get free access to personalized features to help you manage your investments.

IA Clarington U.S. Dollar Floating Rate Income Fund Series A

Floating Rate Loan

NAVPS
(12-13-2024)
$8.29
Change
$0.00 (0.02%)

As at November 30, 2024

As at October 31, 2024

Period
Loading...

Legend

IA Clarington U.S. Dollar Floating Rate Income Fund Series A

Compare Options


Fund Returns

Inception Return (December 31, 2015): 2.13%

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 0.89% 1.73% 2.55% 0.19% 0.52% 2.43% 0.50% 1.39% 0.86% 1.48% 1.73% 1.88% - -
Benchmark -1.97% -2.72% 0.88% 3.09% 5.79% 12.18% 4.46% 3.55% 4.15% 4.12% 2.73% 4.09% 4.49% 2.99%
Category Average 0.95% 2.15% 3.50% 6.47% 7.88% 8.21% 3.99% 4.18% 3.36% 3.29% 3.20% 3.40% 3.65% 3.28%
Category Rank - - - - - - - - - - - - - -
Quartile Ranking - - - - - - - - - - - - - -

Monthly Return

Monthly Return
Return % Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov
Fund 0.33% 0.29% 0.11% -1.41% 0.43% -1.73% -0.07% 0.32% 0.56% 0.38% 0.45% 0.89%
Benchmark 2.62% 0.00% -0.02% 0.51% -0.67% 2.38% -0.68% 1.40% 2.98% 1.38% -2.12% -1.97%

Best Monthly Return Since Inception

2.66% (January 2019)

Worst Monthly Return Since Inception

-11.26% (March 2020)

Calendar Return (%)

Calendar Return
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 - - - - - - - - - -

Best Calendar Return (Last 10 years)

7.49% (2019)

Worst Calendar Return (Last 10 years)

-3.46% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 56.45
Cash and Equivalents 31.55
Canadian Corporate Bonds 8.26
US Equity 1.69
Foreign Bonds - Other 1.20
Other 0.85

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 66.71
Cash and Cash Equivalent 31.55
Consumer Goods 1.08
Other 0.66

Geographic Allocation

Geographic Allocation
Name Percent
North America 92.03
Europe 1.37
Latin America 1.17
Other 5.43

Top Holdings

Top Holdings
Name Percent
United States Dollar 22.83
SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) 7.52
UNITED AIRLINES INC, Term Loan 1.81
CIENA CORP, Term Loan 1.80
Iron Mountain Inc 4.88% 15-Sep-2029 1.75
Air Canada 4.63% 15-Aug-2029 1.72
AMERICAN AIRLINES INC, Term Loan 1.71
Parkland Corporation 6.00% 23-Jun-2028 1.51
Spirit Aerosystems, Inc 1.49
TRANS UNION LLC, Term Loan 1.48

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

IA Clarington U.S. Dollar Floating Rate Income Fund Series A

Median

Other - Floating Rate Loan

3 Yr Annualized

Standard Deviation 3.21% 6.03% -
Beta 0.18% 0.51% -
Alpha -0.01% -0.02% -
Rsquared 0.17% 0.52% -
Sharpe -0.94% -0.21% -
Sortino -0.84% -0.35% -
Treynor -0.16% -0.02% -
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 2.74% 3.21% 6.03% -
Beta -0.16% 0.18% 0.51% -
Alpha 0.02% -0.01% -0.02% -
Rsquared 0.04% 0.17% 0.52% -
Sharpe -1.44% -0.94% -0.21% -
Sortino -0.94% -0.84% -0.35% -
Treynor 0.25% -0.16% -0.02% -
Tax Efficiency - - - -

Fund Details

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) $15

Fund Codes

FundServ Code Load Code Sales Status
CCM8880
CCM8881

Investment Objectives

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.

Investment Strategy

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”).

Portfolio Manager(s)

Name Start Date
Loomis Sayles & Company, L.P. 09-04-2024
iA Global Asset Management Inc. 09-04-2024

Management and Organization

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

Investment Minimums

RSP Eligible No
PAC Allowed Yes
PAC Initial Investment 50
PAC Subsequent 50
SWP Allowed Yes
SWP Min Balance 0
SWP Min Withdrawal 100

Fees

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) -

Join Fund Library now and get free access to personalized features to help you manage your investments.