IA Clarington Canadian Balanced GIF - Guarantee A
Quick Facts
NAVPS (2/6/2012) $10.69
Guarantee Options:
A - 100% death/100% maturity
B - 100% death/75% maturity
Underlying Fund:
IA Clarington Canadian Balanced Fund
GIF Inception Date:
March 2010
MER:
12/31/2010 3.74%
Fund Numbers:
|
Front |
DSC |
|
Guarantee A |
IAC 730 |
IAC 731 |
|
Guarantee B |
IAC 1730 |
IAC 1731
|
Key reasons to invest
- Proven portfolio management over extended time periods
- QV's Commitment to protect capital during volatile markets
- QV's investment approach that strategically positions the Fund
through all economic cycles
Investment Approach
QV Investors Inc. believes in
investing in quality companies with attractive valuations. Simply
stated, the management team seeks better returns and lower
valuations than the market. They do so by purchasing companies with
above average returns on equity capital, but whose shares trade
below their intrinsic value. This approach has consistently yielded
superior risk-adjusted equity returns over the long-term.
The management team complements
equity investing by selecting high quality fixed income securities
with typically shorter-term bonds versus the index to create a
stable income portfolio.
Portfolio Sub-Advisor
QV Investors Inc.
Portfolio Manager
Leigh Pullen, CFA
- President, CIO and Portfolio Manager
- Over 35 years investment experience
Darren Dansereau, CFA, CIM
- Canadian Equity Portfolio Manager
- Over 10 years of investment experience
- Prior to joining QV Investors Inc., Darren held the role of
Equity Trader & Research Analyst with Alberta Investment
Management Corporation
Wendy Booker-Urban, BA (Econ.)
- Vice-President, Private Client & Research Analyst
- Responsible for managing QV's private client business and the
fixed income portfolio
- 18 years of investment experience
Inception Date: 3/11/2010
Net Assets: $35,235,845Compound Annual Returns (%) as at 12/31/2011
| 1 month | 3 months | 6 months | 1 year | 3 years | 5 years | 10 years | Inception |
| 1.5 | 3.2 | -2.8 | -0.6 | - | - | - | 3.0 |
Calendar Year Returns (%)
| 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 |
| - | - | - | - | - | - | - | - | - | - |
Asset Mix
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Geographic Allocation
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Sector Allocation
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Characteristics of the Fund
| AA | Average rating - Bonds |
| 6.49 years | Average term |
| 5.17 years | Modified duration |
| 0.0324 | Average coupon |
| 0.0324 | Yield at cost |
| 0.0241 | Yield at market value |
Top Ten Holdings
| Astral Media Inc., Class A, NV | 3.1 % |
| BCE Inc. | 3.1 % |
| Canadian Utilities Ltd., Class A, NV | 3.1 % |
| Metro Inc., Class A | 3.0 % |
| Rogers Communications Inc., Class B, NV | 2.8 % |
| TELUS Corp., NV | 2.7 % |
| Canadian National Railway Co. | 2.2 % |
| Canadian Tire Corporation Ltd., Class A, NV | 2.1 % |
| Bombardier Inc., Class B, SV | 2.0 % |
| Domtar Corp. | 1.9 % |
| 26.0 % |
Portfolio information above as at: 12/31/2011 12:00:00 AM
QV Investors assumed portfolio advisory responsibilities for the
Fund as sub-advisor to Industrial Alliance Investment Management
Inc. effective June 5, 2009. The Fund's investment strategy was
changed as a result of this change. These changes could have
affected the performance of the Fund.
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.
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.
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