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IA Wealth Core Bond Pool Series A

Canadian Fixed Income

FundGrade E Click for more information on Fundata’s FundGrade

FundGrade E

Click for more information on Fundata’s FundGrade.

NAVPS
(05-17-2024)
$11.36
Change
-$0.05 (-0.40%)

As at April 30, 2024

As at March 31, 2024

Period
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Legend

IA Wealth Core Bond Pool Series A

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Fund Returns

Inception Return (February 29, 1988): 4.56%

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 -2.10% -2.03% 4.64% -3.36% -1.46% 0.15% -2.85% -2.68% -0.77% 0.05% -0.28% 0.01% 0.08% 0.69%
Benchmark -1.95% -1.87% 4.32% -3.20% -0.95% 0.45% -2.16% -2.21% -0.14% 0.85% 0.60% 0.90% 1.04% 1.75%
Category Average -2.02% 4.70% 4.70% -3.11% -0.96% 0.21% -2.80% -2.15% -0.55% 0.27% 0.03% 0.32% 0.35% 0.93%
Category Rank 542 / 623 524 / 620 350 / 617 532 / 619 492 / 603 450 / 585 415 / 558 446 / 530 397 / 498 392 / 458 364 / 426 346 / 388 305 / 347 276 / 321
Quartile Ranking 4 4 3 4 4 4 3 4 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -1.72% 0.20% -1.33% -0.23% -3.04% 0.18% 4.60% 3.52% -1.36% -0.38% 0.45% -2.10%
Benchmark -1.62% -0.04% -1.08% -0.19% -2.62% 0.43% 4.21% 3.42% -1.36% -0.40% 0.48% -1.95%

Best Monthly Return Since Inception

5.20% (February 1995)

Worst Monthly Return Since Inception

-4.66% (March 1994)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 6.94% 1.78% 0.67% 1.38% -0.52% 5.94% 7.77% -3.17% -12.06% 6.02%
Benchmark 9.10% 3.57% 1.54% 2.70% 1.29% 6.97% 8.61% -2.71% -11.46% 6.38%
Category Average 7.06% 1.07% 1.60% 1.96% -0.34% 6.21% 8.18% -2.79% -12.16% 6.16%
Quartile Ranking 3 3 4 4 4 3 4 4 3 3
Category Rank 211/ 311 244/ 342 332/ 374 315/ 419 404/ 445 335/ 491 415/ 521 429/ 552 343/ 580 437/ 596

Best Calendar Return (Last 10 years)

7.77% (2020)

Worst Calendar Return (Last 10 years)

-12.06% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Government Bonds 51.21
Canadian Corporate Bonds 33.62
Cash and Equivalents 9.83
Foreign Corporate Bonds 2.21
Canadian Bonds - Other 2.03
Other 1.10

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 90.23
Cash and Cash Equivalent 9.83
Utilities 0.01
Other -0.07

Geographic Allocation

Geographic Allocation
Name Percent
North America 99.66
Asia 0.39
Europe 0.01
Other -0.06

Top Holdings

Top Holdings
Name Percent
Canada Government 3.25% 01-Dec-2033 5.26
Canada Government 0.50% 01-Dec-2030 3.72
Canada Government 1.75% 01-Dec-2053 2.92
Ontario Province 2.90% 02-Dec-2046 2.23
Vanguard Short-Term Corp Bond Idx FdETF (VCSH) 1.99
Canada Government 0.00% 06-Jun-2024 1.98
Canada Government 2.00% 01-Jun-2032 1.67
Toronto-Dominion Bank 3.11% 22-Apr-2025 1.43
Ontario Province 4.70% 02-Jun-2037 1.42
Quebec Province 3.60% 01-Sep-2033 1.35

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

IA Wealth Core Bond Pool Series A

Median

Other - Canadian Fixed Income

3 Yr Annualized

Standard Deviation 7.21% 6.57% 5.32%
Beta 1.07% 1.04% 1.00%
Alpha -0.01% -0.01% -0.01%
Rsquared 0.99% 0.98% 0.98%
Sharpe -0.75% -0.39% -0.11%
Sortino -1.00% -0.72% -0.55%
Treynor -0.05% -0.02% -0.01%
Tax Efficiency - - -
Volatility Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10

Risk Rating

Rating 3 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 7.68% 7.21% 6.57% 5.32%
Beta 1.08% 1.07% 1.04% 1.00%
Alpha 0.00% -0.01% -0.01% -0.01%
Rsquared 1.00% 0.99% 0.98% 0.98%
Sharpe -0.78% -0.75% -0.39% -0.11%
Sortino -0.83% -1.00% -0.72% -0.55%
Treynor -0.06% -0.05% -0.02% -0.01%
Tax Efficiency - - - -

Fund Details

Start Date February 29, 1988
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Capped
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $223

Fund Codes

FundServ Code Load Code Sales Status
CCM1602
CCM702
CCM802

Investment Objectives

The Fund’s objective is to generate a high total rate of return through a combination of interest income and enhancement of capital consistent with safety of capital. Therefore, the Fund invests in high quality fixed income securities that provide investors with as high a level of income as is consistent with the reasonable protection of invested capital. The Fund may also invest a portion of its assets in first mortgages situated in Canada.

Investment Strategy

The portfolio manager: employs a top-down multi-strategy approach that aims to find diversified sources of value within fixed income. The Fund: invests primarily in high quality fixed income securities; such debt obligations will consist of bonds, debentures, notes and other obligations, whether secured or unsecured, convertible or not, issued or guaranteed by the Government of Canada or any province or territory of Canada or any agency thereof.

Portfolio Manager(s)

Name Start Date
Alexandre Morin 02-21-2020
Dominic Siciliano 02-23-2023

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 1.09%
Management Fee 1.10%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 0.55%
Trailer Fee Max (DSC) 0.55%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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