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IA Clarington Strategic Corporate Bond Fund Series A
High Yield Fixed Income
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FundGrade C
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FundGrade A+® Rating Recipient
2014
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|
NAVPS (10-23-2026) |
$9.07 |
|---|---|
| Change |
-$0.01
(-0.11%)
|
As at September 30, 2026
As at August 31, 2026
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Legend
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Fund Returns
Inception Return (September 26, 2011): 3.75%
| 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 | -1.04% | -0.91% | 0.93% | 1.18% | 1.90% | 3.36% | 5.70% | 5.22% | 2.63% | 3.56% | 3.04% | 2.79% | 2.69% | 3.02% |
| Benchmark | -0.43% | -1.85% | 2.60% | 3.31% | 2.96% | 7.15% | 10.31% | 10.47% | 5.25% | 5.18% | 5.13% | 5.53% | 5.43% | 5.34% |
| Category Average | -1.92% | -1.80% | 0.35% | -0.19% | 0.49% | 3.07% | 6.17% | 6.04% | 2.05% | 3.07% | 2.94% | 3.06% | 2.88% | 3.10% |
| Category Rank | 40 / 259 | 35 / 257 | 79 / 257 | 66 / 255 | 68 / 254 | 109 / 246 | 167 / 243 | 214 / 239 | 107 / 233 | 123 / 223 | 135 / 218 | 152 / 208 | 134 / 189 | 119 / 174 |
| Quartile Ranking | 1 | 1 | 2 | 2 | 2 | 2 | 3 | 4 | 2 | 3 | 3 | 3 | 3 | 3 |
Monthly Return
| Return % | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.28% | 0.23% | 0.21% | 0.51% | 0.45% | -0.71% | 0.64% | 0.74% | 0.46% | -0.14% | 0.27% | -1.04% |
| Benchmark | 0.55% | -0.09% | -0.80% | -0.26% | 0.83% | 0.13% | -0.18% | 1.73% | 2.93% | -1.29% | -0.14% | -0.43% |
Best Monthly Return Since Inception
3.82% (April 2016)
Worst Monthly Return Since Inception
-9.35% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 16.23% | 2.73% | -1.57% | 5.11% | 3.11% | 5.12% | -6.28% | 6.43% | 6.98% | 4.52% |
| Benchmark | 10.80% | 2.96% | 5.36% | 7.98% | 6.14% | 0.50% | -6.92% | 10.36% | 17.23% | 5.59% |
| Category Average | 9.58% | 5.34% | -2.63% | 9.49% | 5.35% | 3.21% | -10.00% | 8.59% | 7.12% | 5.98% |
| Quartile Ranking | 1 | 4 | 2 | 4 | 4 | 2 | 1 | 4 | 3 | 4 |
| Category Rank | 30/ 172 | 163/ 180 | 66/ 191 | 210/ 215 | 167/ 221 | 82/ 226 | 38/ 233 | 221/ 239 | 163/ 245 | 188/ 246 |
Best Calendar Return (Last 10 years)
16.23% (2016)
Worst Calendar Return (Last 10 years)
-6.28% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 47.19 |
| Foreign Corporate Bonds | 36.53 |
| Cash and Equivalents | 8.70 |
| Foreign Government Bonds | 3.40 |
| Canadian Government Bonds | 3.40 |
| Other | 0.78 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 90.53 |
| Cash and Cash Equivalent | 8.70 |
| Energy | 0.75 |
| Financial Services | 0.01 |
| Other | 0.01 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 98.78 |
| Europe | 1.19 |
| Other | 0.03 |
Top Holdings
| Name | Percent |
|---|---|
| United States Treasury Note/Bond (USD) 4.13% 15-Feb-2036 | 3.39 |
| Canada Government 3.25% 01-Jun-2035 | 2.86 |
| Doman Building Mats Group Ltd 7.50% 17-Sep-2029 | 2.70 |
| iShares iBoxx $ High Yield Corp Bond ETF (HYG) | 2.36 |
| Canada Government 0.00% 18-Nov-2026 | 2.18 |
| KeHE Distributors LLC / KeHE Finance Corp / NextWa 7.13% 30-Apr-2033 | 2.12 |
| Canada Government 0.00% 21-Oct-2026 | 1.59 |
| Cascades Inc 6.75% 15-Jul-2030 | 1.47 |
| Trulieve Cannabis Corp 10.50% 17-Dec-2030 | 1.45 |
| Chemtrade Logistics Inc. 6.38% 28-Aug-2029 | 1.39 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
IA Clarington Strategic Corporate Bond Fund Series A
Median
Other - High Yield Fixed Income
3 Yr Annualized
| Standard Deviation | 2.61% | 3.56% | 4.46% |
|---|---|---|---|
| Beta | 0.27 | 0.38 | 0.46 |
| Alpha | 0.03 | 0.01 | 0.01 |
| Rsquared | 0.20% | 0.44% | 0.42% |
| Sharpe | 0.88 | -0.11 | 0.25 |
| Sortino | 1.90 | -0.13 | 0.02 |
| Treynor | 0.09 | -0.01 | 0.02 |
| Tax Efficiency | 59.92% | 18.06% | 25.00% |
| Volatility |
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|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 1.87% | 2.61% | 3.56% | 4.46% |
| Beta | 0.19 | 0.27 | 0.38 | 0.46 |
| Alpha | 0.01 | 0.03 | 0.01 | 0.01 |
| Rsquared | 0.16% | 0.20% | 0.44% | 0.42% |
| Sharpe | -0.18 | 0.88 | -0.11 | 0.25 |
| Sortino | -0.66 | 1.90 | -0.13 | 0.02 |
| Treynor | -0.02 | 0.09 | -0.01 | 0.02 |
| Tax Efficiency | - | 59.92% | 18.06% | 25.00% |
Fund Details
| Start Date | September 26, 2011 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $1,375 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| CCM3550 | FE | Open |
| CCM3551 | DSC | Open |
| CCM3552 | LSC | Open |
Investment Objectives
The Fund’s objective is to provide income and the potential for long term capital growth by investing primarily in fixed income securities with an emphasis on corporate and other higher yielding fixed income securities. 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: uses fundamental analysis to select investments and reviews the values of the investments on an ongoing basis, paying particular attention to credit quality and diversification by geographic region, industry sector, size of issuer and credit rating. The Fund: will invest primarily in fixed income securities of North American companies; may from time to time invest a significant portion of the Fund’s assets in non-North American companies.
Portfolio Management
| Portfolio Manager |
iA Global Asset Management Inc. |
|---|---|
| Sub-Advisor |
- |
Management and Organization
| Fund Manager |
IA Clarington Investments Inc. |
|---|---|
| Custodian |
CIBC Mellon Trust Company |
| Registrar |
IA Clarington Investments Inc. |
| Distributor |
- |
Investment Minimums
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 50 |
| PAC Subsequent | 50 |
| SWP Allowed | Yes |
| SWP Min Balance | 5,000 |
| SWP Min Withdrawal | 100 |
Fees
| MER | 1.98% |
|---|---|
| Management Fee | 1.45% |
| Load | Choice of Front or No Load |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 0.70% |
| Trailer Fee Max (DSC) | 0.70% |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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