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IA Clarington Money Market Fund - Series A

Canadian Money Market

NAVPS
(06-12-2024)
$10.00
Change
$0.00 (0.01%)

As at May 31, 2024

As at April 30, 2024

Period
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Legend

IA Clarington Money Market Fund - Series A

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Fund Returns

Inception Return (December 31, 2001): 0.98%

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 0.00% 0.80% 1.92% 1.55% 4.14% 3.56% 2.36% 1.76% 1.50% 1.31% 1.12% 0.98% 0.88% 0.79%
Benchmark 0.40% 1.21% 2.44% 2.03% 4.95% 4.24% 2.91% 2.21% 2.05% 1.97% 1.82% 1.66% 1.52% 1.45%
Category Average 0.36% 2.19% 2.19% 1.81% 4.34% 3.54% 2.30% 1.74% 1.59% 1.50% 1.35% 1.20% 1.08% 0.99%
Category Rank 230 / 242 210 / 240 210 / 238 210 / 238 191 / 227 157 / 209 157 / 203 149 / 193 150 / 180 149 / 170 144 / 158 140 / 154 134 / 149 132 / 144
Quartile Ranking 4 4 4 4 4 4 4 4 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 0.31% 0.35% 0.37% 0.34% 0.40% 0.38% 0.36% 0.40% 0.34% 0.39% 0.41% 0.00%
Benchmark 0.37% 0.40% 0.41% 0.41% 0.41% 0.41% 0.41% 0.40% 0.40% 0.40% 0.41% 0.40%

Best Monthly Return Since Inception

0.43% (December 2006)

Worst Monthly Return Since Inception

0.00% (May 2024)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 0.02% 0.01% 0.01% 0.01% 0.09% 0.60% 0.12% 0.00% 1.40% 4.15%
Benchmark 0.91% 0.55% 0.50% 0.65% 1.34% 1.66% 0.56% 0.11% 1.95% 4.71%
Category Average 0.30% 0.02% 0.24% 0.35% 0.69% 1.20% 0.45% -0.11% 1.13% 4.06%
Quartile Ranking 4 4 4 4 4 4 4 4 3 3
Category Rank 134/ 141 137/ 147 138/ 151 150/ 157 160/ 161 173/ 177 186/ 190 191/ 203 142/ 206 160/ 215

Best Calendar Return (Last 10 years)

4.15% (2023)

Worst Calendar Return (Last 10 years)

0.00% (2021)

Asset Allocation

Asset Allocation
Name Percent
Cash and Equivalents 100.00

Sector Allocation

Sector Allocation
Name Percent
Cash and Cash Equivalent 100.00

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
Canada Government 0.00% 04-Jul-2024 97.18
Canada Government 0.00% 06-Jun-2024 1.46
Canada Government 0.00% 01-Aug-2024 1.03
Canadian Dollar 0.17
Canada Government 0.00% 09-May-2024 0.16

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

IA Clarington Money Market Fund - Series A

Median

Other - Canadian Money Market

3 Yr Annualized

Standard Deviation 0.57% 0.54% 0.43%
Beta - - -
Alpha - - -
Rsquared - - -
Sharpe - - -
Sortino -1.23% -2.29% -2.92%
Treynor - - -
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 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 0.38% 0.57% 0.54% 0.43%
Beta - - - -
Alpha - - - -
Rsquared - - - -
Sharpe - - - -
Sortino - -1.23% -2.29% -2.92%
Treynor - - - -
Tax Efficiency - - - -

Fund Details

Start Date December 31, 2001
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $152

Fund Codes

FundServ Code Load Code Sales Status
CCM1201
CCM1301
CCM1501

Investment Objectives

The Fund’s objective is to obtain as high a level of current interest income as is consistent with the protection of capital liquidity. The Fund will seek to achieve such objective by investing primarily in high quality debt securities and will ensure that it meets at all times the definition of a “money market fund” as prescribed by securities legislation.

Investment Strategy

The Fund: selects money market instruments that offer good relative value; may invest in a number of different issuers, and may adjust the Fund’s weighted average term to maturity in anticipation of interest rate changes; strives to maintain a constant $10 unit value; may invest in foreign securities that are permitted investments for a “money market fund” under applicable securities legislation; such investments will generally be less than 30% of the net assets of the Fund.

Portfolio Manager(s)

Name Start Date
Alexandre Morin 02-21-2020

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 0.60%
Management Fee 1.00%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 0.25%
Trailer Fee Max (DSC) 0.25%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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