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IA Clarington Monthly Income Balanced Fund Series T8

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Canadian Equity Balanced

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(12-20-2024) 		$4.16
Change
$0.02 (0.57%)

As at November 30, 2024

As at October 31, 2024

Period
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Legend

IA Clarington Monthly Income Balanced Fund Series T8

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Fund Returns

Inception Return (June 05, 2009): 6.40%

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 3.99% 6.43% 11.02% 17.79% 21.20% 10.78% 5.79% 7.47% 6.50% 6.91% 5.39% 5.50% 5.39% 5.20%
Benchmark 5.15% 8.52% 14.71% 20.22% 24.77% 12.93% 8.19% 10.13% 9.20% 10.02% 8.23% 8.18% 8.64% 7.34%
Category Average 3.92% 5.87% 10.68% 15.22% 19.25% 10.44% 6.45% 8.13% 7.09% 7.56% 6.03% 6.17% 6.34% 5.59%
Category Rank 200 / 373 132 / 373 186 / 372 111 / 369 142 / 369 209 / 367 277 / 363 270 / 355 252 / 329 261 / 319 253 / 301 233 / 272 242 / 260 208 / 250
Quartile Ranking 3 2 2 2 2 3 4 4 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov
Fund 2.89% 0.68% 2.35% 2.40% -1.67% 2.25% -0.22% 3.87% 0.65% 1.94% 0.41% 3.99%
Benchmark 3.79% 0.07% 1.27% 3.22% -1.85% 2.08% -0.32% 4.94% 1.05% 2.82% 0.37% 5.15%

Best Monthly Return Since Inception

7.31% (November 2020)

Worst Monthly Return Since Inception

-11.82% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 9.18% 2.63% 7.38% 5.01% -7.06% 14.42% 3.14% 13.89% -8.92% 7.79%
Benchmark 10.25% -5.39% 15.95% 7.50% -6.34% 18.83% 6.85% 17.62% -7.12% 10.48%
Category Average 8.24% -2.09% 10.63% 6.12% -6.63% 14.36% 4.77% 15.38% -7.74% 9.70%
Quartile Ranking 2 1 4 3 3 3 3 3 3 4
Category Rank 101/ 225 52/ 251 202/ 260 198/ 272 198/ 301 224/ 321 224/ 329 242/ 355 233/ 363 305/ 367

Best Calendar Return (Last 10 years)

14.42% (2019)

Worst Calendar Return (Last 10 years)

-8.92% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 45.21
US Equity 9.88
Canadian Corporate Bonds 6.76
Canadian Government Bonds 6.61
Cash and Equivalents 6.20
Other 25.34

Sector Allocation

Sector Allocation
Name Percent
Financial Services 18.46
Fixed Income 18.14
Mutual Fund 13.67
Energy 7.84
Technology 7.05
Other 34.84

Geographic Allocation

Geographic Allocation
Name Percent
North America 79.75
Multi-National 13.67
Europe 4.12
Asia 1.64
Latin America 0.47
Other 0.35

Top Holdings

Top Holdings
Name Percent
IA Clarington Dividend Growth Class Series A 17.61
MF003 GLB MULTI EQ 10.78
IA Clarington Strategic Income Fund Series A 4.46
IA Clarington Core Plus Bond Fund Series A 4.21
IA Clarington Global Dividend Fund Series A 4.06
iShares Core MSCI EAFE ETF (IEFA) 3.87
IA CLARINGTON IN 2.53
iShares iBoxx $ High Yield Corp Bond ETF (HYG) 2.04
Canada Government 21-Nov-2024 2.02
Royal Bank of Canada 2.02

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

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

Risk vs Return (3 Yr)

IA Clarington Monthly Income Balanced Fund Series T8

Median

Other - Canadian Equity Balanced

3 Yr Annualized

Standard Deviation 9.48% 10.72% 8.81%
Beta 0.81% 0.83% 0.83%
Alpha -0.01% -0.01% -0.01%
Rsquared 0.97% 0.98% 0.92%
Sharpe 0.27% 0.43% 0.44%
Sortino 0.48% 0.50% 0.39%
Treynor 0.03% 0.06% 0.05%
Tax Efficiency 70.48% 83.83% 86.41%
Volatility Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 4 on a scale of 1 to 10

Risk Rating

Rating 4 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 5.85% 9.48% 10.72% 8.81%
Beta 0.75% 0.81% 0.83% 0.83%
Alpha 0.03% -0.01% -0.01% -0.01%
Rsquared 0.92% 0.97% 0.98% 0.92%
Sharpe 2.57% 0.27% 0.43% 0.44%
Sortino 8.37% 0.48% 0.50% 0.39%
Treynor 0.20% 0.03% 0.06% 0.05%
Tax Efficiency 95.06% 70.48% 83.83% 86.41%

Fund Details

Start Date June 05, 2009
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $416

Fund Codes

FundServ Code Load Code Sales Status
CCM1711
CCM1811
CCM611

Investment Objectives

The Fund’s objective is to provide a consistent stream of income. The Fund will seek to achieve such objective by investing in fixed income and equity securities, while maintaining some potential for capital growth. 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: invests in short-term and long-term debt obligations of Canadian and foreign issuers and invests in equity securities of high quality Canadian and foreign issuers, including income trusts; focuses on diversification between fixed income and long-term capital growth; invests in cash, fixed income and equity securities; adjusts the percentage invested in each asset class based on changes in the market outlook for each asset class.

Portfolio Manager(s)

Name Start Date
Louis Gagnon 12-04-2020
Marc Gagnon 12-04-2020

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 500
PAC Subsequent 50
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 100

Fees

MER 2.41%
Management Fee 1.85%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max 5.75%
Trailer Fee Max (FE) 0.90%
Trailer Fee Max (DSC) 0.90%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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