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Canadian Neutral Balanced
Click for more information on Fundata’s FundGrade
Click for more information on Fundata’s FundGrade.
|
NAVPS (09-17-2024) |
$16.31 |
|---|---|
| Change |
-$0.03
(-0.21%)
|
As at August 31, 2024
As at July 31, 2024
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Inception Return (August 29, 2011): 5.59%
| 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 | 0.77% | 3.93% | 5.38% | 7.78% | 11.51% | 5.90% | 2.59% | 6.60% | 4.87% | 4.41% | 4.55% | 4.65% | 5.02% | 3.85% |
| Benchmark | 0.91% | 5.73% | 7.95% | 8.50% | 13.85% | 9.28% | 3.69% | 6.18% | 5.97% | 6.14% | 6.15% | 5.77% | 5.96% | 5.07% |
| Category Average | 0.48% | 6.22% | 6.22% | 8.20% | 12.84% | 8.45% | 2.74% | 5.39% | 5.07% | 4.76% | 4.85% | 4.60% | 4.65% | 4.20% |
| Category Rank | 76 / 452 | 341 / 452 | 373 / 446 | 362 / 446 | 407 / 444 | 418 / 426 | 311 / 405 | 176 / 387 | 286 / 376 | 309 / 367 | 289 / 353 | 236 / 341 | 205 / 325 | 247 / 290 |
| Quartile Ranking | 1 | 4 | 4 | 4 | 4 | 4 | 4 | 2 | 4 | 4 | 4 | 3 | 3 | 4 |
| Return % | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -2.94% | -2.73% | 5.20% | 4.16% | 0.58% | 1.68% | 1.88% | -2.09% | 1.65% | -0.12% | 3.26% | 0.77% |
| Benchmark | -3.01% | -1.57% | 6.01% | 3.69% | -0.31% | 0.82% | 2.49% | -1.88% | 1.52% | 0.56% | 4.19% | 0.91% |
6.42% (November 2020)
-11.17% (March 2020)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 7.60% | -5.86% | 13.91% | 5.44% | -3.40% | 13.09% | -0.52% | 16.44% | -7.93% | 5.55% |
| 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 | 3 | 4 | 1 | 3 | 2 | 3 | 4 | 1 | 3 | 4 |
| Category Rank | 200/ 288 | 291/ 301 | 46/ 333 | 229/ 346 | 136/ 357 | 216/ 367 | 370/ 377 | 76/ 392 | 213/ 412 | 418/ 432 |
16.44% (2021)
-7.93% (2022)
| Name | Percent |
|---|---|
| Canadian Equity | 40.21 |
| Canadian Corporate Bonds | 15.20 |
| Cash and Equivalents | 13.02 |
| Foreign Corporate Bonds | 11.63 |
| US Equity | 11.07 |
| Other | 8.87 |
| Name | Percent |
|---|---|
| Fixed Income | 31.91 |
| Financial Services | 13.24 |
| Cash and Cash Equivalent | 13.02 |
| Industrial Services | 6.63 |
| Utilities | 5.47 |
| Other | 29.73 |
| Name | Percent |
|---|---|
| North America | 99.10 |
| Latin America | 0.93 |
| Other | -0.03 |
| Name | Percent |
|---|---|
| Royal Bank of Canada | 3.00 |
| Toronto-Dominion Bank | 2.99 |
| United States Treasury 4.13% 15-Nov-2032 | 2.73 |
| Loblaw Cos Ltd | 2.64 |
| Stantec Inc | 2.54 |
| Waste Connections Inc | 2.40 |
| iShares iBoxx $ Inv Grade Corp Bond ETF (LQD) | 2.24 |
| Fortis Inc | 2.09 |
| Canadian Pacific Kansas City Ltd | 2.03 |
| Enbridge Gas Inc 01-Aug-2024 | 1.87 |
IA Clarington Strategic Income Fund Series A
Median
Other - Canadian Neutral Balanced
| Standard Deviation | 8.99% | 9.97% | 8.30% |
|---|---|---|---|
| Beta | 0.89% | 0.90% | 0.92% |
| Alpha | -0.01% | 0.00% | -0.01% |
| Rsquared | 0.92% | 0.88% | 0.83% |
| Sharpe | -0.03% | 0.31% | 0.31% |
| Sortino | -0.01% | 0.30% | 0.18% |
| Treynor | 0.00% | 0.03% | 0.03% |
| Tax Efficiency | 72.85% | 79.84% | 74.84% |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 9.03% | 8.99% | 9.97% | 8.30% |
| Beta | 0.95% | 0.89% | 0.90% | 0.92% |
| Alpha | -0.01% | -0.01% | 0.00% | -0.01% |
| Rsquared | 0.93% | 0.92% | 0.88% | 0.83% |
| Sharpe | 0.72% | -0.03% | 0.31% | 0.31% |
| Sortino | 1.68% | -0.01% | 0.30% | 0.18% |
| Treynor | 0.07% | 0.00% | 0.03% | 0.03% |
| Tax Efficiency | 90.71% | 72.85% | 79.84% | 74.84% |
| Start Date | August 29, 2011 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $2,570 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| CCM3420 | ||
| CCM3421 | ||
| CCM3422 |
The Fund’s objective is to provide a consistent stream of income and capital appreciation by investing primarily in Canadian equity and fixed income investments. The fundamental investment objective may only be changed with the approval of a majority of Securityholders at a meeting called for that purpose.
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. In determining the valuation of a company, the portfolio manager pays particular attention to the ability of the company to deliver sustainable cash flows, consistent earnings and identifying factors that could impact a company’s prospects.
| Name | Start Date |
|---|---|
| Dan Bastasic | 06-15-2022 |
| 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 |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 50 |
| PAC Subsequent | 50 |
| SWP Allowed | Yes |
| SWP Min Balance | 500 |
| SWP Min Withdrawal | 100 |
| MER | 2.35% |
|---|---|
| Management Fee | 1.90% |
| 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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