IA Clarington Bond GIF - Guarantee B
Quick Facts
NAVPS (5/18/2012) $12.34
Guarantee
Options:
A: 100% death/100% maturity
B: 100% death/75% maturity
Underlying
Fund:
IA Clarington Bond Fund
GIF Inception
Date:
May 2007
MER:
12/31/2011 2.0%
Fund Numbers:
|
Front |
DSC |
| Guarantee A |
IAC 702 |
IAC 802 |
| Guarantee B |
IAC 902 |
IAC 1002 |
Key reasons to invest
- Emphasis on generating total rate of return consistent with
safety of capital.
- Macro economic outlook established by an experienced
fixed-income team.
- Active management of duration, sector and yield curve create
long-term value.
Investment Approach
The underlying fund's holdings may include a combination of
government issues, debentures and high-quality corporate bonds.
Fundamental economic analysis takes into consideration economic
growth, inflation and fiscal and monetary policy.
Portfolio Advisor
Industrial Alliance Investment Management Inc.
Portfolio Manager
Nang Cheung, MBA,
CFA
- Portfolio Manager
- Over 30 years of investment experience
- Member of the IAIM fixed income team and the IAIM asset mix
committee
- MBA, University of Toronto
Inception Date: 5/4/2007
Net Assets: $14,764,182Compound Annual Returns (%) as at 04/30/2012
| 1 month | 3 months | 6 months | 1 year | 3 years | 5 years | 10 years | Inception |
| 0.0 | -1.0 | 1.3 | 6.7 | 4.6 | - | - | 4.1 |
Calendar Year Returns (%)
| 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 |
| 7.4 | 4.4 | 4.0 | 4.8 | - | - | - | - | - | - |
Asset Mix
You need to upgrade your Flash Player
Characteristics of the Fund
| Average rating - Bonds | AA |
| Average term | 7.85 years |
| Modified duration | 5.71 years |
| Average coupon | 3.48% |
| Yield at cost | 2.66% |
| Yield at market value | 2.42% |
Top Ten Holdings
| Gov. of Canada, 1.500%, 2017-03-01 | 6.1% |
| Prov. of Ontario, 3.150%, 2022-06-02 | 4.6% |
| Gov. of Canada, 2.750%, 2022-06-01 | 4.2% |
| Canada Housing Trust, 1.850%, 2016-12-15 | 4.2% |
| Prov. of British Columbia, 4.650%, 2018-12-18 | 3.4% |
| Prov. of Quebec, 4.250%, 2021-12-01 | 3.4% |
| Canada Housing Trust, 3.550%, 2013-09-15 | 3.4% |
| Canada Housing Trust, 2.750%, 2014-12-15 | 3.2% |
| Canada Housing Trust, 2.750%, 2015-12-15 | 2.9% |
| Gov. of Canada, 4.000%, 2041-06-01 | 2.7% |
Portfolio information above as at: 04/30/2012
Industrial Alliance Insurance and Financial Services Inc. is the
sole issuer of the individual variable annuity contract providing
for investment in IA Clarington GIFs. A description of the key
features of the individual variable annuity contract is contained
in the IA Clarington GIFs Information Folder. SUBJECT TO ANY
APPLICABLE DEATH AND MATURITY GUARANTEE, ANY PART OF THE PREMIUM OR
OTHER AMOUNT THAT IS ALLOCATED TO A SEGREGATED FUND IS INVESTED AT
THE RISK OF THE OWNER AND MAY INCREASE OR DECREASE IN VALUE
ACCORDING TO FLUCTUATIONS IN THE MARKET VALUE OF THE ASSETS OF THE
SEGREGATED FUND. Commissions, service fees, management fees,
insurance fees and expenses all may be associated with this
investment. Please read the Information Folder before
investing.
The rates of return are the historical returns of Series A units
of the underlying mutual fund including changes in security value
and reinvestment of all distributions and do not take into account
sales, redemption, distribution or optional charges or income taxes
payable by any policyholder that would have reduced returns,
performance, rate of return, or yield.
In July 1998 and in January 2002, the underlying mutual fund
changed its investment objectives and policies. On February 10,
2005, Industrial Alliance Investment Management Inc. assumed
portfolio advisory responsibilities for the underlying mutual fund.
All of these changes may have affected past performance of the
underlying mutual fund.
Segregated fund fees are higher than mutual fund fees because they
include a management fee and an insurance fee component.
Performance of the underlying mutual fund is not guaranteed, unit
values change frequently and past performance may not be
repeated.
Important information and disclaimer