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Cdn Short Term Fixed Inc
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2019, 2018
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|
NAVPS (09-16-2024) |
$9.23 |
|---|---|
| Change |
$0.02
(0.22%)
|
As at August 31, 2024
As at July 31, 2024
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Inception Return (June 25, 2014): 1.62%
| 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 | 0.33% | 2.52% | 1.82% | 2.81% | 5.98% | 3.70% | -0.34% | 0.93% | 1.09% | 1.47% | 1.45% | 1.39% | 1.55% | 1.61% |
| Benchmark | 0.63% | 2.80% | 3.83% | 3.74% | 7.52% | 4.57% | 1.20% | 1.04% | 1.67% | 2.13% | 1.91% | 1.68% | 1.65% | 1.80% |
| Category Average | 0.49% | 3.38% | 3.38% | 3.45% | 6.96% | 4.27% | 0.98% | 0.93% | 1.39% | 1.71% | 1.49% | 1.32% | 1.28% | 1.25% |
| Category Rank | 294 / 324 | 183 / 316 | 307 / 312 | 270 / 283 | 234 / 281 | 236 / 262 | 240 / 247 | 146 / 234 | 180 / 224 | 167 / 212 | 139 / 199 | 115 / 183 | 94 / 173 | 80 / 161 |
| Quartile Ranking | 4 | 3 | 4 | 4 | 4 | 4 | 4 | 3 | 4 | 4 | 3 | 3 | 3 | 2 |
| Return % | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -0.99% | -0.14% | 2.39% | 1.83% | 0.36% | 0.61% | -0.22% | -0.24% | -0.22% | 0.64% | 1.53% | 0.33% |
| Benchmark | -0.32% | 0.78% | 1.67% | 1.48% | -0.13% | 0.05% | 0.53% | -0.40% | 0.86% | 0.79% | 1.36% | 0.63% |
2.73% (April 2020)
-6.40% (March 2020)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | 1.95% | 2.56% | 2.01% | 0.45% | 4.45% | 4.16% | 1.38% | -7.81% | 4.73% |
| Benchmark | 3.01% | 2.56% | 0.90% | 0.27% | 1.89% | 2.98% | 5.17% | -0.92% | -3.98% | 4.92% |
| Category Average | 1.73% | 0.55% | 0.85% | 0.42% | 0.53% | 2.93% | 4.36% | -0.83% | -4.45% | 4.84% |
| Quartile Ranking | - | 2 | 1 | 1 | 4 | 1 | 3 | 1 | 4 | 3 |
| Category Rank | - | 60/ 165 | 41/ 178 | 26/ 183 | 168/ 203 | 28/ 219 | 163/ 229 | 22/ 235 | 247/ 249 | 169/ 263 |
4.73% (2023)
-7.81% (2022)
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 72.10 |
| Foreign Corporate Bonds | 12.31 |
| Cash and Equivalents | 8.81 |
| Foreign Bonds - Other | 3.76 |
| Foreign Government Bonds | 1.27 |
| Other | 1.75 |
| Name | Percent |
|---|---|
| Fixed Income | 89.45 |
| Cash and Cash Equivalent | 8.81 |
| Financial Services | 0.96 |
| Consumer Goods | 0.78 |
| Healthcare | 0.06 |
| Other | -0.06 |
| Name | Percent |
|---|---|
| North America | 95.00 |
| Latin America | 2.37 |
| Europe | 2.29 |
| Other | 0.34 |
| Name | Percent |
|---|---|
| Bank of Nova Scotia 3.63% 27-Oct-2026 | 1.44 |
| Canadian Imperial Bank Commrce 4.00% 28-Dec-2026 | 1.38 |
| Enbridge Gas Inc 01-Aug-2024 | 1.34 |
| BROOKFIELD CORP 08/20/24 | 1.27 |
| FORE 8 DEVELOPMENTS 8.00% 15-Dec-2025 | 1.24 |
| Chartwell Retirement Residencs 6.00% 08-Dec-2026 | 1.10 |
| Enbridge Inc 8.50% 15-Jan-2084 | 1.10 |
| Canadian Imperial Bank Commrce 4.20% 07-Apr-2027 | 1.08 |
| Inter Pipeline Ltd 5.71% 29-May-2030 | 1.05 |
| Bank of Montreal 6.03% 07-Sep-2028 | 1.01 |
IA Clarington Core Plus Bond Fund Series A
Median
Other - Cdn Short Term Fixed Inc
| Standard Deviation | 3.82% | 4.59% | 3.43% |
|---|---|---|---|
| Beta | 1.10% | 1.15% | 1.05% |
| Alpha | -0.02% | -0.01% | 0.00% |
| Rsquared | 0.68% | 0.36% | 0.36% |
| Sharpe | -0.92% | -0.22% | 0.04% |
| Sortino | -1.07% | -0.47% | -0.47% |
| Treynor | -0.03% | -0.01% | 0.00% |
| Tax Efficiency | - | - | - |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 3.42% | 3.82% | 4.59% | 3.43% |
| Beta | 1.11% | 1.10% | 1.15% | 1.05% |
| Alpha | -0.02% | -0.02% | -0.01% | 0.00% |
| Rsquared | 0.61% | 0.68% | 0.36% | 0.36% |
| Sharpe | 0.32% | -0.92% | -0.22% | 0.04% |
| Sortino | 1.86% | -1.07% | -0.47% | -0.47% |
| Treynor | 0.01% | -0.03% | -0.01% | 0.00% |
| Tax Efficiency | 69.61% | - | - | - |
| Start Date | June 25, 2014 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $749 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| CCM9300 | ||
| CCM9301 | ||
| CCM9302 |
The Fund’s objective is to provide income and the potential for long term capital growth, while preserving capital and mitigating the effects of interest rate fluctuations, by investing primarily in fixed income securities including government bonds, investment grade bonds and high-yield bonds, as well as other income producing securities such as asset-backed securities and senior floating rate loans.
The sub-advisor: uses fundamental and macro 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 in a combination of fixed income securities including government bonds, investment grade bonds, high yield bonds, asset backed securities and senior loans and other income producing securities.
| Name | Start Date |
|---|---|
| Dan Janis | 09-04-2024 |
| Jonathan Birtwell | 09-04-2024 |
| Noelle Corum | 09-04-2024 |
| Peter Azzinaro | 09-04-2024 |
| Fund Manager | IA Clarington Investments Inc. |
|---|---|
| Advisor | Agile Investment Management, LLC |
| 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 | 0 |
| SWP Min Withdrawal | 100 |
| MER | 1.53% |
|---|---|
| Management Fee | 1.20% |
| Load | Choice of Front or No Load |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 0.50% |
| Trailer Fee Max (DSC) | 0.50% |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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