Canadian Balanced Fund A - IA Clarington Investments Inc.

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.

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 month	3 months	6 months	1 year	3 years	5 years	10 years	Inception
0.2	2.1	2.7	9.0	-0.6	2.1	2.5	5.3

Calendar Year Returns (%)

2009	2008	2007	2006	2005	2004	2003	2002	2001	2000
22.0	-21.5	1.9	9.8	7.1	3.2	10.6	-8.6	2.7	12.8

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, NV	3.3 %
BCE Inc.	3.1 %
Metro Inc., Class A	3.1 %
Transcontinental Inc., Class A, SV	2.9 %
Astral Media Inc., Class A, NV	2.9 %
TELUS Corp., NV	2.9 %
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.