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.
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: $1,071,170,417Compound Annual Returns (%) as at 12/31/2011
| 1 month | 3 months | 6 months | 1 year | 3 years | 5 years | 10 years | Inception |
| 0.1 | 3.4 | -6.4 | -4.3 | 11.1 | - | - | 12.6 |
Calendar Year Returns (%)
| 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 |
| 11.7 | 28.3 | - | - | - | - | - | - | - | - |
Asset Mix
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Geographic Allocation
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Sector Allocation
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Top Ten Holdings
| Royal Bank of Canada | 6.9 % |
| The Toronto-Dominion Bank | 5.5 % |
| Barrick Gold Corp. | 5.3 % |
| Bank of Montreal | 4.8 % |
| Canadian National Railway Co. | 4.7 % |
| Canadian Imperial Bank of Commerce | 4.6 % |
| TransCanada Corp. | 4.6 % |
| Bank of Nova Scotia | 4.3 % |
| 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