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Floating Rate Loan
Click for more information on Fundata’s FundGrade
Click for more information on Fundata’s FundGrade.
|
NAVPS (03-14-2025) |
$7.86 |
|---|---|
| Change |
$0.00
(-0.02%)
|
As at February 28, 2025
As at January 31, 2025
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Inception Return (November 11, 2013): 2.15%
| 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 | -0.38% | 0.39% | 1.83% | -0.09% | 0.64% | 3.01% | 1.42% | 1.12% | 0.91% | 1.13% | 1.46% | 1.55% | 2.24% | 1.85% |
| Benchmark | 0.58% | 3.76% | 4.86% | 2.20% | 10.44% | 11.82% | 9.40% | 6.22% | 6.01% | 5.42% | 4.36% | 4.96% | 5.52% | 5.19% |
| Category Average | -0.01% | 0.91% | 3.08% | 0.48% | 5.76% | 6.91% | 4.42% | 3.76% | 3.47% | 3.18% | 3.12% | 3.22% | 4.07% | 3.13% |
| Category Rank | 74 / 78 | 76 / 78 | 76 / 78 | 76 / 78 | 76 / 78 | 75 / 77 | 73 / 76 | 73 / 76 | 73 / 76 | 67 / 70 | 65 / 68 | 56 / 59 | 53 / 56 | 52 / 55 |
| Quartile Ranking | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Return % | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -0.80% | 0.51% | -1.63% | -0.04% | 0.38% | 0.43% | 0.21% | 0.52% | 0.70% | 0.48% | 0.29% | -0.38% |
| Benchmark | 0.28% | 0.84% | 1.58% | -0.30% | 2.37% | 0.46% | 1.62% | 0.99% | -1.53% | 1.52% | 1.61% | 0.58% |
2.18% (November 2020)
-9.52% (March 2020)
| Return % | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.87% | 6.45% | 2.37% | 0.44% | 6.12% | -0.96% | 2.06% | -4.63% | 6.32% | 1.96% |
| Benchmark | 11.20% | 4.59% | 6.15% | 2.81% | 1.22% | 5.27% | -0.97% | -0.86% | 14.42% | 11.13% |
| Category Average | -0.88% | 8.41% | 4.02% | 0.32% | 6.37% | -0.22% | 4.16% | -4.30% | 9.97% | 6.92% |
| Quartile Ranking | 2 | 3 | 3 | 3 | 2 | 3 | 4 | 3 | 4 | 4 |
| Category Rank | 24/ 55 | 41/ 56 | 42/ 59 | 45/ 68 | 32/ 70 | 56/ 76 | 72/ 76 | 47/ 76 | 74/ 77 | 76/ 78 |
6.45% (2016)
-4.63% (2022)
| Name | Percent |
|---|---|
| Foreign Corporate Bonds | 67.16 |
| Cash and Equivalents | 15.04 |
| Foreign Bonds - Other | 7.80 |
| US Equity | 5.76 |
| Canadian Corporate Bonds | 2.39 |
| Other | 1.85 |
| Name | Percent |
|---|---|
| Fixed Income | 79.20 |
| Cash and Cash Equivalent | 15.05 |
| Consumer Goods | 2.48 |
| Technology | 0.06 |
| Other | 3.21 |
| Name | Percent |
|---|---|
| North America | 84.49 |
| Latin America | 2.42 |
| Multi-National | 1.85 |
| Europe | 0.97 |
| Other | 10.27 |
| Name | Percent |
|---|---|
| United States Dollar | 15.08 |
| Columbia Care Inc - Pfd | 2.48 |
| Neuberger Berman Loan Advisers CLO 45 Ltd 10.80% 14-Oct-2035 | 2.16 |
| Neuberger Berman CLO Ltd 10.56% 17-Jul-2035 | 2.02 |
| ALM Ltd/KY 10.76% 15-Apr-2036 | 1.86 |
| MF213 US FLOAT RT INC FD CL | 1.85 |
| Invesco CLO Ltd 10.92% 20-Apr-2035 | 1.74 |
| AIMCO CLO Ltd 10.63% 20-Apr-2037 | 1.51 |
| MCAFEE CORP, Term Loan | 1.49 |
| NAB HOLDINGS LLC, Term Loan | 1.47 |
IA Clarington Floating Rate Income Fund Series A
Median
Other - Floating Rate Loan
| Standard Deviation | 3.43% | 5.36% | 4.09% |
|---|---|---|---|
| Beta | 0.24% | 0.48% | 0.31% |
| Alpha | -0.01% | -0.02% | 0.00% |
| Rsquared | 0.25% | 0.57% | 0.32% |
| Sharpe | -0.68% | -0.25% | 0.06% |
| Sortino | -0.52% | -0.39% | -0.29% |
| Treynor | -0.10% | -0.03% | 0.01% |
| Tax Efficiency | - | - | - |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 2.36% | 3.43% | 5.36% | 4.09% |
| Beta | -0.09% | 0.24% | 0.48% | 0.31% |
| Alpha | 0.02% | -0.01% | -0.02% | 0.00% |
| Rsquared | 0.02% | 0.25% | 0.57% | 0.32% |
| Sharpe | -1.44% | -0.68% | -0.25% | 0.06% |
| Sortino | -1.03% | -0.52% | -0.39% | -0.29% |
| Treynor | 0.39% | -0.10% | -0.03% | 0.01% |
| Tax Efficiency | - | - | - | - |
| Start Date | November 11, 2013 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $374 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| CCM9940 | ||
| CCM9941 | ||
| CCM9942 |
The Fund’s objective is to provide unitholders with a stream of current monthly income by investing primarily in senior floating rate loans, other floating rate securities and debt obligations of investment grade and noninvestment 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).
| Portfolio Manager |
iA Global Asset Management Inc. |
|---|---|
| Sub-Advisor |
Loomis Sayles & Company, L.P. |
| Fund Manager |
IA Clarington Investments Inc. |
|---|---|
| Custodian |
CIBC Mellon Trust Company |
| Registrar |
IA Clarington Investments Inc. |
| Distributor |
- |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 50 |
| PAC Subsequent | 50 |
| SWP Allowed | Yes |
| SWP Min Balance | 0 |
| SWP Min Withdrawal | 100 |
| MER | 1.85% |
|---|---|
| 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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