IA Clarington Tactical Income Fund T8
Quick Facts
NAVPS (5/18/2012) $10.48
2011 Total Distributions:
| Income ($) |
0.26 |
| Dividends ($) |
0.12 |
| Capital gains ($) |
- |
| Return of Capital ($) |
0.56 |
| Total distributions ($) |
0.94 |
Distribution Frequency: Monthly, 7.8¢ per
unit
MER:
12/31/2011 2.48%
Fund Numbers:
|
Front |
Back |
Low |
Series F |
| Series T6 |
440 |
441 |
934 |
1350 |
| Series T8 |
2440 |
2441 |
2442
|
1380 |
Key reasons to invest
- Award winning manager
- Seeks to achieve a steady flow of income
- Target a 8% 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 IAsset Management 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 an award during his tenure as portfolio manager.
Inception Date: 6/1/2009
Net Assets: $2,159,059,198Compound Annual Returns (%) as at 04/30/2012
| 1 month | 3 months | 6 months | 1 year | 3 years | 5 years | 10 years | Inception |
| 0.8 | 2.7 | 5.5 | -0.5 | - | - | - | - |
Calendar Year Returns (%)
| 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 |
| -1.8 | 12.8 | - | - | - | - | - | - | - | - |
Asset Mix
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Geographic Allocation
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Sector Allocation
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Top Ten Equity Holdings
| Gibson Energy ULC | 2.2% |
| The Toronto-Dominion Bank | 1.9% |
| Enbridge Inc. | 1.5% |
| Crescent Point Energy Corp. | 1.4% |
| Inter Pipeline Fund, Class A | 1.4% |
| Brookfield Asset Management Inc., Class A, LV | 1.4% |
| Bank of Nova Scotia | 1.3% |
| Apple Inc. | 1.3% |
| PPL Corp., Pfd. | 1.2% |
| Dollarama Inc. | 1.2% |
Portfolio information above as at: 04/30/2012
The IA Clarington Tactical Income Fund Series T8 (formerly known
as the IA Clarington Diversified Income Fund) was launched on June
1, 2009.
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 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.
†Formerly known as Catapult Financial Management Inc.
Important information and disclaimer