IA Clarington Strategic Income Fund Y
Quick Facts
NAVPS (2/6/2012) $4.71
2010 Total Distributions
| Income ($) |
0.01 |
| Dividends ($) |
0.07 |
| Capital gains ($) |
-
|
| Return of Capital ($) |
0.30 |
| Total distributions ($) |
0.38 |
Distribution Frequency: Monthly, 3.2¢ per
unit
MER:
06/30/2011 2.33%
Fund Numbers:
|
Front |
Back |
Low |
|
| $Cdn |
420 |
421 |
960 |
|
Key reasons to invest
- Award winning manager††
- Seeks to provide stable income and capital appreciation
- An investment approach that endeavours to strategically
position the Fund through all market conditions
Investment Approach
The fund manager employs a rigorous bottom-up strategy with a 12
to 18 month strategic outlook on the markets with a view to invest
in a stable mix of income producing equity and fixed income
securities demonstrating strong fundamentals while aiming to
minimize volatility through all market conditions.
Portfolio Sub-Advisor
IA Clarington Investments Inc.
Portfolio Manager
Dan Bastasic, CFA, MBA
- Senior Vice President & Portfolio Manager
- Over 15 years of investment experience
- Mr. Bastasic has extensive portfolio management experience in
both equity and fixed income markets and, prior to joining IA
Clarington, built an impressive track record as a portfolio manager
at a very large Canadian mutual fund company. At that company, Mr.
Bastasic managed mutual funds with a combined $2.8 billion in
assets under management, with one of the funds under his
stewardship receiving a Lipper Award during his tenure as portfolio
manager
- MBA, University of Windsor
Inception Date: 12/18/1996
Net Assets: $235,939,364Compound Annual Returns (%) as at 12/31/2011
| 1 month | 3 months | 6 months | 1 year | 3 years | 5 years | 10 years | Inception |
| 1.4 | 5.1 | -1.8 | -0.6 | 6.3 | -0.4 | 1.8 | 4.3 |
Calendar Year Returns (%)
| 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 |
| 7.1 | 12.7 | -17.1 | -1.6 | 9.2 | 7.0 | 3.0 | 11.3 | -8.4 | 3.6 |
Asset Mix
You need to upgrade your Flash Player
Geographic Allocation
You need to upgrade your Flash Player
Sector Allocation
You need to upgrade your Flash Player
Characteristics of the Fund
| BB | Average rating - Bonds |
| 3.88 years | Average term |
| 3.01 years | Modified duration |
| 0.0609 | Average coupon |
| 0.0614 | Yield at cost |
| 0.0559 | Yield at market value |
Top Ten Holdings
| Suncor Energy Inc. | 2.2 % |
| Canadian Imperial Bank of Commerce | 2.1 % |
| National Bank of Canada | 2.1 % |
| Wells Fargo & Co. | 2.0 % |
| Johnson & Johnson | 2.0 % |
| Williams Cos. Inc. | 1.9 % |
| Canadian Oil Sands Ltd. | 1.9 % |
| Occidental Petroleum Corp. | 1.7 % |
| JPMorgan Chase & Co. | 1.7 % |
| SNC-Lavalin Group Inc. | 1.7 % |
| 19.3 % |
Portfolio information above as at: 12/31/2011 12:00:00 AM
††While employed at a very large Canadian mutual fund company,
Dan was lead manager of a fund that was recognized at the 2011
Lipper awards for best performance over one year in the Canadian
Neutral Balanced Category.
On August 8, 2011, IA Clarington Investments Inc. assumed
portfolio sub-advisory duties for the Fund. Also on that date, IA
Clarington Canadian Income Fund was renamed IA Clarington Strategic
Income Fund and Series T8 units were re-designated as Series Y
units of the Fund.
Important information and disclaimer