IA Clarington Short-Term Bond Fund
Quick Facts
NAVPS (5/18/2012) $10.06
2011 Total Distributions:
| Income ($) |
0.16 |
| Dividends ($) |
-
|
| Capital gains ($) |
0.03 |
| Return of Capital ($) |
-
|
| Total distributions ($) |
0.19 |
MER:
12/31/2011 1.68%*
Fund Numbers:
|
Front |
Back |
Low |
Series F |
| $Cdn |
261 |
262 |
263 |
264 |
Key reasons to invest
- The Fund seeks to invest in high quality fixed income
securities having a maturity of between one and five years
- A focus on preservation of capital and liquidity
- Seeks to achieve a regular flow of monthly income
- Short-term bonds have less interest rate risk than longer-term
bonds
Investment Approach
The Portfolio Manager invests primarily in debt securities of
Canadian issuers maturing in five years or less and in short-term
notes. The Portfolio Manager seeks to achieve a steady flow of
monthly income while simultaneously preserving investment capital
and liquidity.
Portfolio Advisor
Industrial Alliance Investment Management Inc.
Portfolio Manager
François Lalande, CFA
Portfolio Manager
- Vice President of Portfolio Management at IAIM
- Over 25 years of fixed income investment management
experience
- Member of the IAIM fixed income team and IAIM asset mix
committee
- Bachelor's Degree in Business Administration, Laval
University
Inception Date: 7/19/2010
Net Assets: $53,442,981Compound Annual Returns (%) as at 04/30/2012
| 1 month | 3 months | 6 months | 1 year | 3 years | 5 years | 10 years | Inception |
| -0.1 | -0.6 | 0.0 | 2.6 | - | - | - | 2.0 |
Calendar Year Returns (%)
| 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 |
| 3.3 | - | - | - | - | - | - | - | - | - |
Asset Mix
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Characteristics of the Fund
| Average rating - Bonds | AA |
| Average term | 2.84 years |
| Modified duration | 2.44 years |
| Average coupon | 3.53% |
| Yield at cost | 2.06% |
| Yield at market value | 1.94% |
Top Ten Holdings
| Prov. of Quebec, 5.500%, 2014-12-01 | 8.3% |
| Canada Housing Trust, 3.550%, 2013-09-15 | 6.6% |
| Prov. of Ontario, 3.150%, 2015-09-08 | 5.7% |
| Canada Housing Trust, 2.750%, 2014-12-15 | 5.2% |
| Gov. of Canada, 1.500%, 2017-03-01 | 5.1% |
| Prov. of Ontario, 3.250%, 2014-09-08 | 4.7% |
| Prov. of Ontario, 5.000%, 2014-03-08 | 4.6% |
| Canada Housing Trust, 2.750%, 2015-12-15 | 4.0% |
| Financement-Québec, Floating Rate, 4.767%, 2014-12-01 | 3.3% |
| Prov. of Quebec, 4.500%, 2018-12-01 | 3.2% |
Portfolio information above as at: 04/30/2012
*IA Clarington Investments Inc., manager of the IA Clarington Short-Term 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 12/31/2011. The actual MER of the this series of the Fund before waivers and or absorptions is 2.32%
Important information and disclaimer