Distinction Monthly Income Class M6
Quick Facts
NAVPS (5/21/2013) $11.62
Distribution Frequency: Monthly, 5.0¢ per
unit
MER:
12/31/2012 2.45%*
Fund Numbers:
| $Cdn |
Front |
Back |
Low |
Series F |
| Series M6 |
3054 |
3055 |
3056 |
- |
Key reasons to invest
- A monthly income portfolio diversified by asset class, sector
and manager
- Potential tax efficiency of distributions
- Target a 6% annual distribution rate paid monthly
Investment Approach
The Fund will invest in a diversified portfolio of equity and
income mutual funds with an emphasis toward Canadian dividend
paying stocks, trusts, and foreign equities and fixed income. The
portfolio is comprised of securities representing mostly large,
well-known Canadian and foreign companies that offer regular
dividends.
Portfolio Advisor
Industrial Alliance Investment Management Inc.
Portfolio Manager
Inception Date: 1/26/2009
Net Assets: $6,971,581Historical Total Returns (%) as at 04/30/2013
| 1 month | 3 months | 6 months | 1 year | 3 years | 5 years | 10 years | Inception |
| 0.9 | 2.8 | 6.6 | 8.1 | 5.2 | - | - | 8.8 |
Calendar Year Returns (%)
| 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 |
| 6.5 | -1.0 | 8.7 | - | - | - | - | - | - | - |
Top Ten Holdings
| IA Clarington Strategic Equity Income Fund, Series I | 20.94% |
| IA Clarington Dividend Growth Fund, Series I | 14.93% |
| IA Clarington Bond Fund, Series I | 12.74% |
| IA Clarington Global Dividend Fund, Series I | 10.80% |
| Dynamic Global Dividend Fund, Series O | 10.58% |
| IA Clarington Global Tactical Income Fund, Series I | 10.31% |
| IA Clarington Tactical Bond Fund, Series I | 8.57% |
| IA Clarington Canadian Conservative Equity Fund, Series I | 5.08% |
| Dynamic High Yield Bond Fund, Series O | 3.77% |
| Cash and Cash Equivalents | 2.74% |
Portfolio information above as at: 04/30/2013
For Series M, M6 or M8 securities of the Distinction Portfolios
and Distinction Classes, a $15,000 minimum initial investment is
required per Fund.
*IA Clarington Investments Inc., manager of the Distinction Monthly Income Class M6 (the "Fund"), currently waives some of its management fees or absorbs some expenses that would normally be charged to the Fund. This is done at the manager’s discretion, and may continue for an indeterminate period of time but may also be terminated at any time. The management expense ratio ("MER") for this series of the Fund published above is calculated after waivers and absorptions have been taken into account, using information available from the interim period ending 12/31/2012. The actual MER of the this series of the Fund before waivers and or absorptions is 3.32%
Important information and disclaimer