IA Clarington Canadian Balanced Fund A

Quick Facts

NAVPS (9/7/2010) $16.61

Distribution Frequency: Annually


MER: 06/30/2010 Series A 2.37%*


Fund Numbers:


Front Back Low Series F
$Cdn 400 401 955 1410
 

Key reasons to invest

  • Proven portfolio management over extended time periods
  • QV's Commitment to protect capital during volatile markets
  • QV's investment approach that strategically positions the Fund through all economic cycles

Investment Approach

QV Investors Inc. believes in investing in quality companies with attractive valuations. Simply stated, the management team seeks better returns and lower valuations than the market. They do so by purchasing companies with above average returns on equity capital, but whose shares trade below their intrinsic value. This approach has consistently yielded superior risk-adjusted equity returns over the long-term.

The management team complements equity investing by selecting high quality fixed income securities with typically shorter-term bonds versus the index to create a stable income portfolio.

 

Portfolio Sub-Advisor

QV Investors Inc.

Advisor Logo

Portfolio Manager

Leigh Pullen, CFA

  • President, CIO and Portfolio Manager
  • Over 35 years investment experience

Darren Dansereau, CFA, CIM

  • Canadian Equity Portfolio Manager
  • Over 10 years of investment experience
  • Prior to joining QV Investors Inc., Darren held the role of Equity Trader & Research Analyst with Alberta Investment Management Corporation

Wendy Booker-Urban, BA (Econ.)

  • Vice-President, Private Client & Research Analyst
  • Responsible for managing QV's private client business and the fixed income portfolio
  • 18 years of investment experience

Inception Date: 9/24/1996

Net Assets: $198,571,462

Compound Annual Returns (%) as at 08/31/2010

1 month3 months6 months1 year3 years5 years10 yearsInception
0.22.12.79.0-0.62.12.55.3

Calendar Year Returns (%)

2009200820072006200520042003200220012000
22.0-21.51.99.87.13.210.6-8.62.712.8

Asset Mix

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Geographic Allocation

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Sector Allocation

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Top Ten Holdings

Canadian Utilities Ltd., Class A, NV3.3 %
BCE Inc.3.1 %
Metro Inc., Class A3.1 %
Transcontinental Inc., Class A, SV2.9 %
Astral Media Inc., Class A, NV2.9 %
TELUS Corp., NV2.9 %
Research In Motion Ltd.2.1 %
Toromont Industries Ltd.2.1 %
Husky Energy Inc.2.0 %
E-L Financial Corp. Ltd.1.9 %
26.3 %
Portfolio information above as at: 07/31/2010

*Effective July 9, 2009, the management fee of Series A units of the Fund decreased from 2.50% to 2.00% which is expected to lower the MER of the Fund.

QV Investors assumed portfolio advisory responsibilities for the Fund as sub-advisor to Industrial Alliance Investment Management Inc. effective June 5, 2009. The Fund's investment strategy was changed as a result of this change. These changes could have affected the performance of the Fund.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing.

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.

On April 1, 2006, Howson Tattersall Investment Counsel Limited assumed portfolio advisory responsibilities for the Fund as sub-advisor to Industrial Alliance Investment Management Inc. The Fund's investment strategy was changed as a result of this change. These changes could have affected the performance of the Fund.

Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

The IA Clarington Funds and IA Clarington Target Click Funds are managed by IA Clarington Investments Inc. IA Clarington is a trademark of IA Clarington Investments Inc. and the IA Clarington logo is a trademark of Industrial Alliance Insurance and Financial Services Inc.