IA Clarington Real Return Bond Fund
Quick Facts
NAVPS (2/6/2012) $12.59
2010 Total Distributions:
| Income ($) |
0.27 |
| Dividends ($) |
-
|
| Capital gains ($) |
- |
| Return of Capital ($) |
-
|
| Total distributions ($) |
0.27 |
Distribution Frequency: Monthly
MER:
06/30/2011 1.39%*
Fund Numbers:
|
Front |
Back |
Low |
Series F |
| $Cdn |
412 |
1432 |
422 |
1203 |
Key reasons to invest
- Seeks to achieve a regular flow of monthly income
-
Offers
investors an inflation hedge within a portfolio
-
Offers
a good diversification opportunity
-
Brings
institutional access to Real Return Bond Market
Investment Approach
The Fund invests primarily in Canadian federal and provincial
real return bonds that are indexed to the Canadian inflation rate.
The Portfolio Manager seeks to add value through active management
of duration, asset mix and yield curve. 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: 9/12/2006
Net Assets: $83,679,890Compound Annual Returns (%) as at 12/31/2011
| 1 month | 3 months | 6 months | 1 year | 3 years | 5 years | 10 years | Inception |
| 3.4 | 6.7 | 13.5 | 17.8 | 13.5 | 7.4 | - | 6.9 |
Calendar Year Returns (%)
| 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 |
| 9.9 | 13.0 | -2.6 | 0.3 | - | - | - | - | - | - |
Asset Mix
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Characteristics of the Fund
| AAA | Average rating - Bonds |
| 21.66 years | Average term |
| 16.41 years | Modified duration |
| 0.0346 | Average coupon |
| 0.0131 | Yield at cost |
| 0.0078 | Yield at market value |
Top Ten Holdings
| Gov. of Canada, Real Return Bond, 3.000%, 2036-12-01 | 17.4 % |
| Gov. of Canada, Real Return Bond, 4.250%, 2026-12-01 | 13.2 % |
| Gov. of Canada, Real Return Bond, 1.500%, 2044-12-01 | 8.3 % |
| Prov. of Quebec, Real Return Bond, 4.500%, 2021-12-01 | 8.2 % |
| Gov. of Canada, Real Return Bond, 4.000%, 2031-12-01 | 8.0 % |
| Prov. of Ontario, 4.650%, 2041-06-02 | 7.4 % |
| Gov. of Canada, Real Return Bond, 2.000%, 2041-12-01 | 6.3 % |
| Gov. of Canada, 4.000%, 2041-06-01 | 6.0 % |
| Prov. of Quebec, Real Return Bond, 4.250%, 2031-12-01 | 5.4 % |
| Prov. of Ontario, Real Return Bond, 2.000%, 2036-12-01 | 4.5 % |
| 84.7 % |
Portfolio information above as at: 12/31/2011 12:00:00 AM
Effective October 31, 2008, IA Clarington Investments Inc.
acquired control of Sarbit Asset Management Inc., the manager of
the Sarbit Funds. On that date, Industrial Alliance Investment
Management Inc. was appointed portfolio advisor to the Sarbit Real
Return Bond Trust.
*IA Clarington Investments Inc., manager of the IA Clarington Real Return 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 1.65%
Important information and disclaimer