IA Clarington Tactical Income GIF - Guarantee A
Quick Facts
NAVPS (5/17/2013) $11.59
Guarantee Options:
A - 100% death/100% maturity
B - 100% death/75% maturity
Underlying Fund:
IA Clarington Tactical Income Fund
GIF Inception Date:
March 2010
MER:
12/31/2012 3.51%
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
Aston Hill Asset Management Inc.*
Portfolio Manager
Ben Cheng, CFA
- President, CIO and Portfolio Manager
- Over 19 years of investment experience
- Mr. Cheng is an award-winning manager who 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.
Inception Date: 3/15/2010
Net Assets: $109,869,342Historical Total Returns (%) as at 04/30/2013
| 1 month | 3 months | 6 months | 1 year | 3 years | 5 years | 10 years | Inception |
| 1.1 | 1.6 | 4.0 | 4.8 | 4.2 | - | - | 4.6 |
Calendar Year Returns (%)
| 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 |
| - | - | - | - | - | - | - | - | - | - |
Asset Mix
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Geographic Allocation
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Sector Allocation
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Top Ten Equity Holdings
| Canadian Imperial Bank of Commerce | 2.2% |
| The Toronto-Dominion Bank | 2.0% |
| Allied Properties Real Estate Investment Trust | 2.0% |
| Cominar Real Estate Investment Trust | 1.8% |
| Brookfield Asset Management Inc., Class A, LV | 1.7% |
| H&R Real Estate Investment Trust | 1.7% |
| Manulife Financial Corp. | 1.6% |
| IGM Financial Inc. | 1.6% |
| Granite Real Estate Investment Trust | 1.5% |
| PPL Corp., Pfd., 8.750% | 1.4% |
Portfolio information above as at: 04/30/2013
*formerly know as Catapult Financial Management Inc.
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.
Important information and disclaimer