IA Clarington Short-Term Income Class A
Quick Facts
NAVPS (2/6/2012) $12.26
Distribution Frequency: Annually
MER:
06/30/2011 1.14%*
Fund Numbers:
|
Front |
Back |
Low |
Series F |
| $Cdn |
602 |
603 |
986 |
- |
Key reasons to invest
- Can switch between other class funds without triggering a
capital gain
- Emphasis on credit quality and liquidity of income producing
securities
Investment Approach
The Manager adjusts the Fund's weighted average term to maturity
in anticipation of interest rate changes.
Portfolio Advisor
Industrial Alliance Investment Management Inc.
Portfolio Manager
Christian Pouliot, MBA, CFA
- Portfolio Manager
- Over 9 years of investment experience
- Member of the IAIM fixed income team
- MBA in Finance, Laval University
Inception Date: 10/5/2000
Net Assets: $8,301,254Compound Annual Returns (%) as at 12/31/2011
| 1 month | 3 months | 6 months | 1 year | 3 years | 5 years | 10 years | Inception |
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 1.2 | 1.5 | 1.8 |
Calendar Year Returns (%)
| 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 |
| 0.0 | -0.1 | 2.5 | 3.3 | 3.2 | 1.6 | 1.7 | 2.2 | 1.0 | 3.5 |
Asset Mix
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Characteristics of the Fund
| A | Average rating - Bonds |
| 0.17 years | Average term |
| 0.11 years | Modified duration |
| 0.0005 | Average coupon |
| 0.0097 | Yield at cost |
| 0.0087 | Yield at market value |
Top Ten Holdings
| Morgan Stanley Group, Floating Rate, 4.570%, 2012-02-23 | 1.8 % |
| Superior Trust, Floating Rate, 1.987%, 2016-09-28 | 1.1 % |
| 2.9 % |
Portfolio information above as at: 12/31/2011 12:00:00 AM
On April 1, 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.
*IA Clarington Investments Inc., manager of the IA Clarington Short-Term Income Class A (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 06/30/2011. The actual MER of the this series of the Fund before waivers and or absorptions is 2.44%
Important information and disclaimer