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IA Clarington Strategic Income Fund Series A

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
(04-17-2024)
$15.23
Change
$0.01 (0.06%)

As at March 31, 2024

As at February 29, 2024

As at February 29, 2024

Period
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IA Clarington Strategic Income Fund Series A

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Fund Returns

Inception Return (August 29, 2011): 5.50%

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 1.88% 4.20% 11.06% 4.20% 7.54% 0.71% 3.78% 8.49% 4.35% 4.69% 3.98% 5.33% 4.05% 4.08%
Benchmark 2.49% 3.02% 11.45% 3.02% 8.50% 2.25% 4.35% 8.81% 5.72% 5.93% 5.33% 5.97% 4.90% 5.27%
Category Average 1.86% 11.41% 11.41% 3.77% 8.76% 2.37% 3.43% 7.70% 4.72% 4.57% 4.21% 4.68% 3.79% 4.24%
Category Rank 275 / 447 237 / 447 329 / 445 237 / 447 372 / 436 404 / 417 264 / 394 193 / 383 314 / 372 259 / 362 264 / 349 168 / 337 201 / 304 236 / 292
Quartile Ranking 3 3 3 3 4 4 3 3 4 3 4 2 3 4

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 1.16% -2.72% 1.80% 0.76% -1.17% -2.94% -2.73% 5.20% 4.16% 0.58% 1.68% 1.88%
Benchmark 2.00% -3.45% 1.83% 0.93% -0.84% -3.01% -1.57% 6.01% 3.69% -0.31% 0.82% 2.49%

Best Monthly Return Since Inception

6.42% (November 2020)

Worst Monthly Return Since Inception

-11.17% (March 2020)

Calendar Return (%)

Calendar Return
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/ 291 294/ 304 46/ 336 231/ 349 134/ 360 215/ 370 372/ 379 76/ 394 214/ 414 420/ 434

Best Calendar Return (Last 10 years)

16.44% (2021)

Worst Calendar Return (Last 10 years)

-7.93% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 42.58
Canadian Corporate Bonds 16.08
US Equity 12.31
Foreign Corporate Bonds 10.65
Cash and Equivalents 6.20
Other 12.18

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 34.52
Financial Services 15.06
Industrial Services 8.83
Real Estate 6.28
Cash and Cash Equivalent 6.20
Other 29.11

Geographic Allocation

Geographic Allocation
Name Percent
North America 98.68
Latin America 1.25
Other 0.07

Top Holdings

Top Holdings
Name Percent
United States Treasury 4.13% 15-Nov-2032 4.65
Royal Bank of Canada 3.23
Toronto-Dominion Bank 2.85
Loblaw Cos Ltd 2.48
Stantec Inc 2.46
Waste Connections Inc 2.39
Canada Government 2.50% 01-Dec-2032 2.11
Canadian Pacific Kansas City Ltd 2.04
Fortis Inc 1.93
JPMorgan Chase & Co 1.92

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 Strategic Income Fund Series A

Median

Other - Canadian Neutral Balanced

3 Yr Annualized

Standard Deviation 8.78% 9.89% 8.23%
Beta 0.89% 0.90% 0.91%
Alpha 0.00% -0.01% -0.01%
Rsquared 0.92% 0.87% 0.82%
Sharpe 0.17% 0.29% 0.36%
Sortino 0.18% 0.23% 0.22%
Treynor 0.02% 0.03% 0.03%
Tax Efficiency 77.62% 77.90% 76.84%
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 4 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 9.11% 8.78% 9.89% 8.23%
Beta 0.93% 0.89% 0.90% 0.91%
Alpha 0.00% 0.00% -0.01% -0.01%
Rsquared 0.93% 0.92% 0.87% 0.82%
Sharpe 0.32% 0.17% 0.29% 0.36%
Sortino 0.85% 0.18% 0.23% 0.22%
Treynor 0.03% 0.02% 0.03% 0.03%
Tax Efficiency 86.96% 77.62% 77.90% 76.84%

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 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) $2,573

Fund Codes

FundServ Code Load Code Sales Status
CCM3420
CCM3421
CCM3422

Investment Objectives

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.

Investment Strategy

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.

Portfolio Manager(s)

Name Start Date
Dan Bastasic 06-15-2022

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 LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 50
PAC Subsequent 50
SWP Allowed Yes
SWP Min Balance 500
SWP Min Withdrawal 100

Fees

MER 2.35%
Management Fee 1.90%
Load Choice of Front or Back
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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