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IA Clarington U.S. Dollar Floating Rate Income Fund Series A

Floating Rate Loan

NAVPS
(05-27-2025)
$8.17
Change
$0.00 (0.04%)

As at April 30, 2025

As at March 31, 2025

Period
Created with Highcharts 10.3.3Jan 2016Jan …Jul 2016Jan 2017Jul 2017Jan 2018Jul 2018Jan 2019Jul 2019Jan 2020Jul 2020Jan 2021Jul 2021Jan 2022Jul 2022Jan 2023Jul 2023Jan 2024Jul 2024Jan 2025Oct 2022Apr 2023Oct 2023Apr 2024Oct 2024Apr 2025Jan 2016Jan 2017Jan 2018Jan 2019Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025Jan 2…$9,500$10,000$10,500$11,000$11,500$12,000$12,500$9,400$9,600$9,800$10,200$10,400Period

Legend

IA Clarington U.S. Dollar Floating Rate Income Fund Series A

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Fund Returns

Inception Return (December 31, 2015): 2.00%

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 -0.21% -1.06% 0.58% -0.71% 0.48% 1.37% 0.49% 0.79% 3.00% 0.67% 1.53% 1.62% 1.83% -
Benchmark 4.34% 9.42% 6.98% 10.42% 12.71% 10.57% 9.94% 4.71% 8.89% 5.12% 3.81% 4.59% 4.66% 4.36%
Category Average -0.59% -1.59% 0.25% -1.10% 3.21% 5.86% 4.12% 3.25% 5.24% 2.70% 2.79% 2.97% 3.45% 2.93%
Category Rank - - - - - - - - - - - - - -
Quartile Ranking - - - - - - - - - - - - - -

Monthly Return

Created with Highcharts 10.3.3-4%-2%0%2%4%6%
Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -1.73% -0.07% 0.32% 0.56% 0.38% 0.45% 0.89% 0.41% 0.36% 0.01% -0.87% -0.21%
Benchmark 2.38% -0.68% 1.40% 2.98% 1.38% -2.12% -1.97% -1.17% 0.91% 1.12% 3.71% 4.34%

Best Monthly Return Since Inception

2.66% (January 2019)

Worst Monthly Return Since Inception

-11.26% (March 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-10%-5%0%5%10%15%20%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund - 4.64% 2.47% 1.41% 7.49% -1.49% 3.59% -3.46% 4.56% 0.60%
Benchmark -7.28% 8.33% 13.62% -5.68% 6.60% 7.15% -0.12% -7.58% 17.57% 1.89%
Category Average -0.88% 8.41% 4.02% 0.32% 6.37% -0.22% 4.16% -4.30% 9.97% 6.92%
Quartile Ranking - - - - - - - - - -
Category Rank - - - - - - - - - -

Best Calendar Return (Last 10 years)

7.49% (2019)

Worst Calendar Return (Last 10 years)

-3.46% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 67.64
Cash and Equivalents 23.30
Canadian Corporate Bonds 4.72
US Equity 4.27
Other 0.07

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 72.37
Cash and Cash Equivalent 23.30
Consumer Goods 1.39
Industrial Services 0.68
Other 2.26

Geographic Allocation

Geographic Allocation
Name Percent
North America 97.02
Europe 0.94
Other 2.04

Top Holdings

Top Holdings
Name Percent
United States Dollar 15.45
SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) 6.41
Spirit Aerosystems, Inc 1.93
Parkland Corporation 6.00% 23-Jun-2028 1.87
.VAND 12 07/01/2023 10.12% 01-Mar-2028 1.58
Potters Industries 1.53
TRANSDIGM INC, Term Loan 1.52
Columbia Care Inc - Pfd 1.39
DIRECTV FINANCING LLC, Term Loan 1.17
BMO High Yield US Corp Bd Hdg to CAD Ind ETF (ZHY) 1.09

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return12345678-4%-2%0%2%4%6%8%10%12%

IA Clarington U.S. Dollar Floating Rate Income Fund Series A

Median

Other - Floating Rate Loan

3 Yr Annualized

Standard Deviation 3.24% 3.10% -
Beta 0.19% 0.20% -
Alpha -0.02% 0.01% -
Rsquared 0.15% 0.18% -
Sharpe -1.04% 0.19% -
Sortino -0.83% 0.00% -
Treynor -0.18% 0.03% -
Tax Efficiency - 14.14% -
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 -

Risk Rating

Rating 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 2.48% 3.24% 3.10% -
Beta -0.23% 0.19% 0.20% -
Alpha 0.03% -0.02% 0.01% -
Rsquared 0.19% 0.15% 0.18% -
Sharpe -1.30% -1.04% 0.19% -
Sortino -1.06% -0.83% 0.00% -
Treynor 0.14% -0.18% 0.03% -
Tax Efficiency - - 14.14% -

Fund Details

Start Date December 31, 2015
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency USD
Distribution Frequency Monthly
Assets ($mil) $13

Fund Codes

FundServ Code Load Code Sales Status
CCM8880
CCM8881

Investment Objectives

The Fund’s objective is to provide unitholders with a stream of current monthly income in U.S. dollars by investing primarily in senior floating rate loans, other floating rate securities and debt obligations of investment grade and non-investment grade North American and global corporate issuers. 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 Fund: will invest in floating rate debt instruments that pay interest, at a margin or spread above a reference base lending rate (often the London Interbank Offered Rate or LIBOR or some other benchmark rate), resulting in higher payments to investors as the benchmark interest rate increases (and lower payments if the benchmark rate decreases). Such floating rate debt instruments will include senior floating rate loans (“Senior Loans”).

Portfolio Management

Portfolio Manager

iA Global Asset Management Inc.

Sub-Advisor

Loomis Sayles & Company, L.P.

Management and Organization

Fund Manager

IA Clarington Investments Inc.

Custodian

CIBC Mellon Trust Company

Registrar

IA Clarington Investments Inc.

Distributor

-

Investment Minimums

RSP Eligible No
PAC Allowed Yes
PAC Initial Investment 50
PAC Subsequent 50
SWP Allowed Yes
SWP Min Balance 0
SWP Min Withdrawal 100

Fees

MER 1.90%
Management Fee 1.45%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 0.60%
Trailer Fee Max (DSC) 0.60%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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