IA Clarington Bond Fund
Quick Facts
NAVPS (2/3/2012) $12.59
2010 Total Distributions
| Income ($) |
0.26 |
| Dividends ($) |
- |
| Capital gains ($) |
-
|
| Return of Capital ($) |
- |
| Total distributions ($) |
0.26 |
Distribution Frequency: Monthly
MER:
06/30/2011 1.84%*
Fund Numbers:
|
Front |
Back |
Low |
Series F |
| $Cdn |
702 |
802 |
1602 |
903 |
Key reasons to invest
- Emphasis on generating total rate of return consistent with
safety of capital
- Macro economic outlook established by an experienced
fixed-income team
- Active management of duration, sector and yield curve create
long-term value
- Regular income stream
Investment Approach
The fund holdings may include a combination of government
issues, debentures and high-quality corporate bonds. Fundamental
economic analysis takes into consideration economic growth,
inflation and fiscal and monetary policy.
Portfolio Advisor
Industrial Alliance Investment Management Inc.
Portfolio Manager
François Lalande, CFA
- Portfolio Advisor
- Over 24 years of investment experience
- Member of the IAIM fixed income team and IAIM asset mix
committee
- Bachelor's Degree in Business Administration, Laval
University
Inception Date: 11/1/1987
Net Assets: $388,483,881Compound Annual Returns (%) as at 12/31/2011
| 1 month | 3 months | 6 months | 1 year | 3 years | 5 years | 10 years | Inception |
| 1.5 | 1.6 | 6.1 | 7.5 | 5.5 | 4.6 | 4.4 | 6.5 |
Calendar Year Returns (%)
| 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 |
| 4.5 | 4.5 | 5.2 | 1.3 | 3.3 | 4.3 | 4.2 | 3.5 | 5.4 | 6.1 |
Asset Mix
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Characteristics of the Fund
| AA | Average rating - Bonds |
| 8.83 years | Average term |
| 6.29 years | Modified duration |
| 0.0381 | Average coupon |
| 0.0334 | Yield at cost |
| 0.0233 | Yield at market value |
Top Ten Holdings
| Gov. of Canada, 3.500%, 2020-06-01 | 5.1 % |
| Gov. of Canada, 5.000%, 2037-06-01 | 5.1 % |
| Gov. of Canada, 3.750%, 2019-06-01 | 4.3 % |
| Prov. of Quebec, 4.250%, 2021-12-01 | 3.4 % |
| Prov. of Ontario, 4.000%, 2021-06-02 | 3.0 % |
| Canada Housing Trust, Floating Rate, 3.202%, 2013-06-15 | 2.8 % |
| Prov. of British Columbia, 4.700%, 2037-06-18 | 2.5 % |
| Canada Housing Trust, 3.550%, 2013-09-15 | 2.3 % |
| Golden Credit Card Trust, 3.510%, 2016-05-15 | 2.1 % |
| Canada Housing Trust, Series 41-1, 2.750%, 2016-06-15 | 2.0 % |
| 32.6 % |
Portfolio information above as at: 12/31/2011 12:00:00 AM
In January 2002, the Fund changed its investment objectives and
policies to the investment objectives and policies described in the
prospectus.
On February 10, 2005, Industrial Alliance Investment Management
Inc. assumed portfolio advisory responsibilities for the
Fund.
These changes could have affected the performance of the Fund.
*IA Clarington Investments Inc., manager of the IA Clarington Bond Fund (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 1.9%
Important information and disclaimer