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IA Clarington Inhance Monthly Income SRI Fund Series T6

Canadian Equity Balanced

FundGrade E Click for more information on Fundata’s FundGrade

FundGrade E

Click for more information on Fundata’s FundGrade.

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

Fundata ESG Grade D

Click for more information on Fundata’s ESG Grade.

NAVPS
(06-24-2024)
$9.01
Change
$0.07 (0.78%)

As at May 31, 2024

As at April 30, 2024

As at February 29, 2024

Period
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Legend

IA Clarington Inhance Monthly Income SRI Fund Series T6

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Fund Returns

Inception Return (December 04, 2009): 5.39%

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 1.12% -0.38% 5.72% 1.58% 4.15% -0.84% -0.24% 7.44% 3.65% 3.95% 3.31% 4.18% 3.73% 3.73%
Benchmark 2.08% 3.42% 8.77% 4.80% 13.17% 5.56% 4.94% 9.43% 7.57% 7.00% 6.79% 7.18% 6.15% 6.16%
Category Average 2.05% 7.75% 7.75% 4.10% 11.33% 5.60% 4.20% 7.98% 6.04% 5.38% 4.97% 5.48% 4.72% 4.83%
Category Rank 354 / 368 337 / 366 324 / 365 358 / 365 362 / 363 359 / 360 351 / 353 252 / 326 324 / 325 286 / 299 268 / 280 253 / 259 225 / 248 214 / 230
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 0.78% 0.31% -1.71% -4.10% -2.38% 5.91% 4.08% 1.16% 0.80% 0.89% -2.36% 1.12%
Benchmark 2.51% 1.67% -1.08% -3.16% -2.30% 6.66% 3.79% 0.07% 1.27% 3.22% -1.85% 2.08%

Best Monthly Return Since Inception

10.03% (November 2020)

Worst Monthly Return Since Inception

-18.06% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 6.51% -3.52% 13.09% 6.09% -6.61% 14.99% 2.91% 19.56% -12.16% 4.15%
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 4 4 2 3 3 3 3 1 4 4
Category Rank 198/ 222 187/ 248 74/ 256 167/ 268 161/ 297 187/ 317 223/ 325 64/ 351 324/ 359 362/ 363

Best Calendar Return (Last 10 years)

19.56% (2021)

Worst Calendar Return (Last 10 years)

-12.16% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 43.98
Canadian Corporate Bonds 18.80
Income Trust Units 16.62
US Equity 11.19
Cash and Equivalents 4.82
Other 4.59

Sector Allocation

Sector Allocation
Name Percent
Financial Services 23.05
Fixed Income 18.80
Real Estate 11.95
Technology 8.68
Consumer Services 5.73
Other 31.79

Geographic Allocation

Geographic Allocation
Name Percent
North America 95.41
Europe 4.59

Top Holdings

Top Holdings
Name Percent
Dri Healthcare Trust - Units 4.45
Royal Bank of Canada 2.36
Exchange Income Corp 2.26
North West Co Inc 2.13
Enghouse Systems Ltd 2.12
Northland Power Inc 2.12
Toronto-Dominion Bank 2.07
Cisco Systems Inc 2.01
Element Fleet Management Corp 1.97
Gildan Activewear Inc Cl A 1.94

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 Inhance Monthly Income SRI Fund Series T6

Median

Other - Canadian Equity Balanced

3 Yr Annualized

Standard Deviation 11.01% 13.61% 10.49%
Beta 0.95% 1.03% 0.97%
Alpha -0.05% -0.04% -0.02%
Rsquared 0.91% 0.91% 0.88%
Sharpe -0.23% 0.18% 0.27%
Sortino -0.32% 0.15% 0.15%
Treynor -0.03% 0.02% 0.03%
Tax Efficiency - 62.77% 68.38%
Volatility Volatility rating is 5 on a scale of 1 to 10 Volatility rating is 6 on a scale of 1 to 10 Volatility rating is 5 on a scale of 1 to 10

Risk Rating

Rating 5 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 9.66% 11.01% 13.61% 10.49%
Beta 0.93% 0.95% 1.03% 0.97%
Alpha -0.07% -0.05% -0.04% -0.02%
Rsquared 0.90% 0.91% 0.91% 0.88%
Sharpe -0.04% -0.23% 0.18% 0.27%
Sortino 0.25% -0.32% 0.15% 0.15%
Treynor 0.00% -0.03% 0.02% 0.03%
Tax Efficiency 71.00% - 62.77% 68.38%

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 December 04, 2009
Instrument Type Mutual Fund (Responsible Investment)
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $494

Fund Codes

FundServ Code Load Code Sales Status
CCM6000
CCM6001
CCM6002

Investment Objectives

The Fund’s objective is to provide a reasonably consistent level of monthly income by investing primarily in fixed income and high yield equity securities of Canadian issuers which meet the sub-advisor’s socially responsible investment principles. 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 sub-advisor selects investments by: using fundamental financial analysis to examine a company’s earnings, profitability growth, credit position, cash flow and long-term sustainability of the issuer’s business model; assessing an issuer’s performance respecting corporate governance, employee and community relations, and environmental management, and looking for securities that are trading below their expected value and selling these securities when the price fully reflects that value.

Portfolio Manager(s)

Name Start Date
Industrial Alliance Investment Management Inc. 03-15-2022
Marc Sheard 03-15-2022
Jeffrey Adams 03-15-2022
Wes Dearborn 03-15-2022
Jeffrey Lew 03-15-2022

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

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 2.26%
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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