IA Clarington Canadian Dividend Fund X

Quick Facts

NAVPS (2/6/2012) $3.95


2010 Total Distributions:

Income ($) -
Dividends ($) -
Capital gains ($) -
Return of Capital ($) 0.72
Total distributions ($) 0.72

Series X units are only available to existing Series A unitholders of the IA Clarington Canadian Dividend Fund. Only switches from Series A units are allowed.


Distribution Frequency: Monthly, 3.8¢ per unit


MER: 06/30/2011 2.76%*

Fund Numbers:


Front Back Low Series F
$Cdn 8511 8512 8513 -
 

Key reasons to invest

  • Dividend-focused mandate emphasizes capital appreciation and income
  • Long-term investment focus provides low turnover and tax efficiency

Investment Approach

The portfolio manager employs a top-down economic view as well as a bottom-up fundamental analysis. The manager selects and identifies stocks that offer good valuation, strong balance sheet and excellent management. The portfolio is comprised of securities representing mostly large, well-known Canadian companies that endeavour to payregular and rising dividends.

 

Portfolio Advisor

Industrial Alliance Investment Management Inc.

Advisor Logo

Portfolio Manager

Gil Lamothe, CFA

  • Portfolio Manager
  • 13 years of investment experience
  • Member of the IAIM Canadian equity team
  • Bachelor of Commerce, Laurentian University
  • Watch Gil Lamothe's interview on the IA Clarington Video Showcase.

Inception Date: 12/1/2008

Net Assets: $1,071,170,417

Compound Annual Returns (%) as at 12/31/2011

1 month3 months6 months1 year3 years5 years10 yearsInception
0.13.4-6.4-4.311.1--12.6

Calendar Year Returns (%)

2010200920082007200620052004200320022001
11.728.3 - - - - - - - -

Asset Mix

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Geographic Allocation

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Sector Allocation

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Top Ten Holdings

Royal Bank of Canada6.9 %
The Toronto-Dominion Bank5.5 %
Barrick Gold Corp.5.3 %
Bank of Montreal4.8 %
Canadian National Railway Co.4.7 %
Canadian Imperial Bank of Commerce4.6 %
TransCanada Corp.4.6 %
Bank of Nova Scotia4.3 %
Enbridge Inc.3.7 %
BCE Inc.3.4 %
47.8 %
Portfolio information above as at: 12/31/2011 12:00:00 AM

*Performance shown is that of the IA Clarington Canadian Dividend Fund Series A. Because Series A units and Series X units have the same management fee and refer to the same portfolio, there are no differences between the two series that should affect performance of the funds.
For Series X units, the Fund will make a monthly distribution of a fixed dollar amount per unit determined in January of each year. Effective December 31, 2009, if the annualized monthly distribution per unit of the series at that time is between approximately 8% and 16% of the net asset value per unit of the series as of December 31 of the previous year, the monthly distribution per unit will not change. If the annualized monthly distribution per unit of the series is outside that range, the monthly distribution amount will be adjusted to be one twelfth of 12% of the net asset value per unit of the series as of December 31 of the previous year. The current distribution rate per unit is $0.06, which will remain in effect until adjusted as set out in this distribution policy. It is important to note that the distribution rate on Series X units of the Fund significantly exceeds the past performance of the Series A units of the Fund. If this continues, it will erode the net asset value per unit of that Series of the Fund which would trigger a distribution rate change. We expect that the distributions on the Series A, Series F and Series X units of the Fund generally will include a significant return of capital
Any indicated rates of return are the historical annual compounded total returns including changes in security value and reinvestment of all distributions and does not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns.

*IA Clarington Investments Inc., manager of the IA Clarington Canadian Dividend Fund X (the "Fund"), currently waives some of its management fees or absorbs some expenses that would normally be charged to the Fund. This is done at the manager’s discretion, and may continue for an indeterminate period of time but may also be terminated at any time. The management expense ratio ("MER") for this series of the Fund published above is calculated after waivers and absorptions have been taken into account, using information available from the interim period ending 06/30/2011. The actual MER of the this series of the Fund before waivers and or absorptions is 2.77%
Important information and disclaimer