IA Clarington Tactical Income GIF - Guarantee A

Quick Facts

NAVPS (9/7/2010) $10.07

Gurantee Options:
 A - 100% death/100% maturity
B - 100% death/75% maturity

Underlying Fund:
IA Clarington Tactical Income Fund

GIF Inception Date:
 March 2010


MER: 12/31/2009
Guarantee A 3.39%
Guarantee B 2.94%


Fund Numbers:


 Front DSC
Guarantee A IAC 920 IAC 921
Guarantee B IAC 1920 IAC 1921
 

Key reasons to invest

  • Award winning manager †
  • Seeks to achieve  a steady flow of income

Investment Approach

The portfolio manager uses a Growth at a Reasonable Price (GARP) investment style and seeks out companies with a strong competitive position, strong balance sheet and stable management. The Fund will generally be diversified across various sectors and asset classes. The fixed income portion of the portfolio will usually have a target duration of between three and seven years, although individual fixed income securities may deviate from this target.

 

Portfolio Sub-Advisor

Catapult Financial Management Inc. a wholly owned subsidiary of Aston Hill Financial Inc.

Advisor Logo

Portfolio Manager

Ben Cheng, CFA

  • President, CIO and Portfolio Manager
  • Over 19 years of investment experience
  • Mr. Cheng has extensive portfolio management experience in both equity and fixed income markets and, prior to joining Aston Hill, built an impressive track record as a portfolio manager at a very large Canadian mutual fund company. At that company, Mr. Cheng managed more than $7 billion in two mutual funds, each of which received a Canadian Investment Award during his tenure as portfolio manager

Inception Date: 5/15/2003

Net Assets: $1,352,888,549

Compound Annual Returns (%) as at 08/31/2010

1 month3 months6 months1 year3 years5 years10 yearsInception
1.03.02.114.1----

Calendar Year Returns (%)

2009200820072006200520042003200220012000
- - - - - - - - - -

Asset Mix

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Geographic Allocation

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Sector Allocation

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Top Ten Holdings

Crescent Point Energy Corp.2.1 %
Pengrowth Energy Trust1.2 %
Dollarama Inc.1.2 %
Dollar General Corp.1.1 %
Cineplex Galaxy Income Fund1.1 %
Homburg Canada Real Estate Investment Trust1.1 %
Baytex Energy Trust1.0 %
TransGlobe Apartment Real Estate Investment Trust1.0 %
Northland Power Income Fund1.0 %
Daylight Energy Ltd.1.0 %
11.8 %
Portfolio information above as at: 07/31/2010

† At the Canadian Investment Awards.

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. 

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. 

Trademarks used herein are owned by IA Clarington Investments Inc. or Industrial Alliance Insurance and Financial Services Inc.