IA Clarington Strategic Corporate Bond Fund A
Quick Facts
NAVPS (5/18/2012) $10.32
Distribution Frequency: Annual
Management Fee:
1.65%
Fund Numbers:
| Front |
Back |
Low |
Series F |
Series E |
| 3550 |
3551 |
3552 |
3553 |
3558 |
Key reasons to invest
- Award winning manager
- Seeks to obtain income and capital appreciation for the
fund
- Corporate bonds seek to enhance income, lower portfolio
volatility (low correlation with other asset classes) and lessens
its vulnerability to rising interest rates relative to government
bonds
Investment Approach
The fund manager employs a rigorous bottom-up strategy with a 12
to 18 month strategic outlook on the markets with a view to invest
in a stable mix of higher-yielding fixed-income securities of
Canadian and foreign issuers demonstrating strong fundamentals
while aiming to minimize volatility through all market
conditions.
Portfolio Sub-Advisor
IA Clarington Investments Inc.
Portfolio Manager
Dan Bastasic, CFA, MBA
- Senior Vice President & Portfolio Manager
- Over 15 years of investment experience
- Mr. Bastasic has extensive portfolio management experience in
both equity and fixed income markets and, prior to joining IA
Clarington, built an impressive track record as a portfolio manager
at a very large Canadian mutual fund company. At that company, Mr.
Bastasic managed mutual funds with a combined $2.8 billion in
assets under management, with one of the funds under his
stewardship receiving an award during his tenure as portfolio
manager
- MBA, University of Windsor
Inception Date: 9/26/2011
Net Assets: $123,150,760Compound Annual Returns (%) as at 04/30/2012
| 1 month | 3 months | 6 months | 1 year | 3 years | 5 years | 10 years | Inception |
| - | - | - | - | - | - | - | - |
Calendar Year Returns (%)
| 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 |
| - | - | - | - | - | - | - | - | - | - |
Asset Mix
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Characteristics of the Fund
| Average rating - Bonds | BB |
| Average term | 6.70 years |
| Modified duration | 4.43 years |
| Average coupon | 8.12% |
| Yield at market value | 7.91% |
Top Ten Holdings
| Russel Metals Inc. | 3.3% |
| Fairfax Financial Holdings Ltd., 5.800%, 2021-05-15 | 2.8% |
| BPA Laboratories Inc., 12.250%, 2017-04-01 | 2.7% |
| Sprint Nextel Corp., 7.000%, 2020-03-01 | 2.0% |
| Calfrac Holdings LP, 7.500%, 2020-12-01 | 2.0% |
| Newalta Corp., 7.750%, 2019-11-14 | 1.7% |
| Viterra Inc., 5.950%, 2020-08-01 | 1.7% |
| Teekay Corp., 8.500%, 2020-01-15 | 1.7% |
| Masonite International Corp., 8.250%, 2021-04-15 | 1.7% |
| Post Holdings Inc., 7.375%, 2022-02-15 | 1.7% |
Portfolio information above as at: 04/30/2012
The IA Clarington Strategic Corporate Bond Fund was launched on
September 26, 2011. For funds less than one-year old, we are not
permitted to publish performance information.
Important information and disclaimer