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IA Clarington Tactical Income Class Series T6

Canadian Neutral Balanced

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

Fundata ESG GradeC Click for more information on Fundata’s ESG Grade

Fundata ESG Grade C

Click for more information on Fundata’s ESG Grade.

NAVPS
(06-13-2024)
$7.15
Change
-$0.01 (-0.18%)

As at May 31, 2024

As at April 30, 2024

As at February 29, 2024

Period
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Legend

IA Clarington Tactical Income Class Series T6

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Fund Returns

Inception Return (November 02, 2009): 3.90%

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 1.63% 1.38% 7.91% 3.66% 8.65% 1.98% 2.56% 6.90% 4.16% 4.19% 3.50% 4.33% 3.42% 3.03%
Benchmark 1.52% 2.10% 6.41% 2.62% 9.74% 4.30% 3.00% 6.26% 5.46% 5.39% 5.17% 5.53% 4.84% 5.01%
Category Average 2.12% 7.17% 7.17% 3.82% 10.00% 4.53% 2.57% 5.64% 4.69% 4.33% 4.01% 4.43% 3.81% 4.10%
Category Rank 424 / 448 381 / 442 201 / 442 352 / 442 392 / 431 408 / 418 325 / 398 182 / 378 331 / 368 288 / 362 310 / 350 258 / 333 262 / 299 278 / 287
Quartile Ranking 4 4 2 4 4 4 4 2 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 1.77% 0.74% -1.15% -2.89% -2.67% 5.11% 4.10% 0.58% 1.66% 1.85% -2.05% 1.63%
Benchmark 1.83% 0.93% -0.84% -3.01% -1.57% 6.01% 3.69% -0.31% 0.82% 2.49% -1.88% 1.52%

Best Monthly Return Since Inception

6.23% (November 2020)

Worst Monthly Return Since Inception

-10.91% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 2.82% -6.63% 9.66% 5.52% -3.04% 11.93% -0.55% 16.04% -7.82% 5.50%
Benchmark 9.98% -3.02% 11.97% 6.22% -4.30% 15.62% 7.61% 11.90% -8.20% 9.43%
Category Average 7.98% 0.06% 6.65% 5.72% -4.72% 12.57% 6.33% 10.85% -9.35% 8.27%
Quartile Ranking 4 4 2 3 2 4 4 1 2 4
Category Rank 285/ 286 298/ 299 134/ 331 223/ 344 106/ 355 302/ 365 370/ 374 85/ 389 192/ 409 418/ 429

Best Calendar Return (Last 10 years)

16.04% (2021)

Worst Calendar Return (Last 10 years)

-7.82% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 41.55
Canadian Corporate Bonds 16.89
Foreign Corporate Bonds 12.72
US Equity 11.16
Cash and Equivalents 10.02
Other 7.66

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 33.17
Financial Services 14.94
Cash and Cash Equivalent 10.01
Industrial Services 8.67
Real Estate 6.34
Other 26.87

Geographic Allocation

Geographic Allocation
Name Percent
North America 98.79
Latin America 1.17
Other 0.04

Top Holdings

Top Holdings
Name Percent
IA Clarington Strategic Income Fund Series A 97.93
Canadian Dollar 2.07

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

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

Risk vs Return (3 Yr)

IA Clarington Tactical Income Class Series T6

Median

Other - Canadian Neutral Balanced

3 Yr Annualized

Standard Deviation 8.72% 9.71% 7.83%
Beta 0.88% 0.88% 0.87%
Alpha 0.00% -0.01% -0.01%
Rsquared 0.92% 0.88% 0.84%
Sharpe 0.00% 0.26% 0.24%
Sortino -0.02% 0.21% 0.05%
Treynor 0.00% 0.03% 0.02%
Tax Efficiency 45.37% 71.88% 70.60%
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 3 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 8.77% 8.72% 9.71% 7.83%
Beta 0.97% 0.88% 0.88% 0.87%
Alpha -0.01% 0.00% -0.01% -0.01%
Rsquared 0.94% 0.92% 0.88% 0.84%
Sharpe 0.44% 0.00% 0.26% 0.24%
Sortino 1.12% -0.02% 0.21% 0.05%
Treynor 0.04% 0.00% 0.03% 0.02%
Tax Efficiency 90.74% 45.37% 71.88% 70.60%

Fundata ESG Metrics

Fundata ESG Score

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

Fund Details

Start Date November 02, 2009
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Corporation
Sales Status Capped
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $17

Fund Codes

FundServ Code Load Code Sales Status
CCM3029
CCM3030
CCM3031

Investment Objectives

The Fund’s objective is to provide a return that is similar to the return of a Canadian tactical balanced mutual fund. The Fund invests primarily, directly or indirectly, in securities held by a Canadian tactical balanced mutual fund managed by iA Clarington, or an affiliate or associate of iA Clarington, and may invest all or a portion of its portfolio in Securities of the Reference Fund.

Investment Strategy

The Fund invests substantially all of its assets in units of IA Clarington Strategic Income Fund, which we refer to as the “Reference Fund”. The investment strategies of the Reference Fund: The portfolio manager: employs a bottom-up security selection process combined with a top-down overlay to determine the risk-reward opportunity for each investment and the Fund’s overall positioning.

Portfolio Manager(s)

Name Start Date
Dan Bastasic 12-07-2020

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 -
PAC Subsequent -
SWP Allowed Yes
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 2.35%
Management Fee 2.00%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) 1.00%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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