IA Clarington Tactical Income Fund T6
Quick Facts
NAVPS (2/6/2012) $9.39
2010 Total Distributions:
| Income ($) |
0.31 |
| Dividends ($) |
0.06 |
| Capital gains ($) |
0.19 |
| Return of Capital ($) |
0.17 |
| Total distributions ($) |
0.73 |
Distribution Frequency: Monthly, 4.7¢ per
unit
MER:
06/30/2011 2.49%
Fund Numbers:
| Front |
Back |
Low |
Series F |
Series E6 |
| 440 |
441 |
934 |
1350 |
448 |
Key reasons to invest
- Award winning manager ††
- Seeks to achieve a steady flow of income
- Target a 6% annual distribution rate paid monthly
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 Investments Inc.†
Portfolio Manager
Ben Cheng, CFA
- President & CIO of Aston Hill Financial Inc.
- 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: $1,974,528,600Compound Annual Returns (%) as at 12/31/2011
| 1 month | 3 months | 6 months | 1 year | 3 years | 5 years | 10 years | Inception |
| 1.1 | 4.7 | -3.4 | -1.8 | - | - | - | - |
Calendar Year Returns (%)
| 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 |
| 12.8 | - | - | - | - | - | - | - | - | - |
Asset Mix
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Geographic Allocation
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Sector Allocation
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Top Ten Holdings
| Gibson Energy ULC | 1.5 % |
| PPL Corp., Pfd. | 1.4 % |
| Brookfield Asset Management Inc., Class A, LV | 1.3 % |
| RioCan Real Estate Investment Trust | 1.3 % |
| Dundee International Real Estate Investment Trust | 1.2 % |
| Inter Pipeline Fund, Class A | 1.2 % |
| Suncor Energy Inc. | 1.2 % |
| Occidental Petroleum Corp. | 1.1 % |
| Precision Drilling Corp. | 1.1 % |
| Vermilion Energy Inc. | 1.1 % |
| 12.4 % |
Portfolio information above as at: 12/31/2011 12:00:00 AM
On June 5, 2009, the Fund underwent a merger that was a material
change for the Fund under applicable securities laws. Also on
that date, the Fund changed its name from IA Clarington Diversified
Income Fund to IA Clarington Tactical Income Fund, its investment
objectives, and Catapult Financial Management was appointed by the
manager as sub-advisor to the Fund. These changes could affect the
performance of the Fund.
On November 17, 2006, Industrial Alliance Investment Management
Inc. assumed portfolio advisory responsibilities for the Fund. The
Fund's investment strategy was changed as a result of this change.
These changes could have affected the performance of the
Fund.
††At the Canadian Investment Awards.
†formerly known as Catapult Financial Management Inc.
Important information and disclaimer