IA Clarington Tactical Bond Fund
Quick Facts
NAVPS (2/3/2012) $10.25
2010 Total Distributions:
| Income ($) |
0.11 |
| Dividends ($) |
-
|
| Capital gains ($) |
0.03 |
| Return of Capital ($) |
0.01
|
| Total distributions ($) |
0.15 |
MER:
06/30/2011 2.07%*
Fund Numbers:
|
Front |
Back |
Low |
Series F |
| $Cdn |
274 |
275 |
276 |
277 |
Key reasons to invest
- Award winning manager††
- Tactically structured to better allow the Portfolio Manager to
seek a yield advantage without exposing the Fund to undue risk
- The Fund invests in a mix of high quality government and
corporate bonds with an emphasis on Canadian and U.S. issuers
- Regular monthly income
Investment Approach
The Portfolio Manager invests in a mix of high quality fixed
income securities as well as investment grade and higher yielding
securities of North American corporate issuers. The Portfolio
Manager focuses on fundamental analysis to identify, select and
monitor investments and reviews the values of individual securities
on an ongoing basis, paying particular attention to credit quality.
The Fund will generally be diversified across industry sector, size
of issuer and credit rating.
Portfolio Sub-Advisor
Aston Hill Investments Inc.†
Portfolio Manager
Ben Cheng, CFA
- President & CIO of Aston Hill Financial Inc.
- Over 19 years of investment experience
- Mr. Cheng has extensive portfolio management experience in both
equity and fixed income markets and, prior to joining Aston Hill,
built an impressive track record as a Portfolio Manager at a very
large Canadian mutual fund Company. At that company, Mr. Cheng
co-managed more than $7 billion in two mutual funds, each of which
received a Canadian Investment Award during his tenure as Portfolio
Manager.
Inception Date: 7/19/2010
Net Assets: $138,379,985Compound Annual Returns (%) as at 12/31/2011
| 1 month | 3 months | 6 months | 1 year | 3 years | 5 years | 10 years | Inception |
| 1.0 | 1.8 | 2.3 | 4.1 | - | - | - | 4.3 |
Calendar Year Returns (%)
| 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 |
| - | - | - | - | - | - | - | - | - | - |
Asset Mix
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Characteristics of the Fund
| A | Average rating - Bonds |
| 3.58 years | Average term |
| 3.04 years | Modified duration |
| 0.0599 | Average coupon |
| 0.0625 | Yield at cost |
| 0.065 | Yield at market value |
Top Ten Holdings
| Prov. of Ontario, 4.300%, 2017-03-08 | 6.6 % |
| Canada Housing Trust, 3.150%, 2015-06-15 | 6.5 % |
| Gov. of Canada, 8.000%, 2023-06-01 | 4.7 % |
| Canada Housing Trust, 4.100%, 2018-12-15 | 4.6 % |
| Gov. of Canada, 10.250%, 2014-03-15 | 4.4 % |
| Canada Housing Trust, 3.950%, 2013-06-15 | 3.1 % |
| Prov. of Ontario, 4.750%, 2013-06-02 | 2.8 % |
| EnCana Corp., 5.800%, 2018-01-18 | 1.7 % |
| Rogers Communications Inc., 5.800%, 2016-05-26 | 1.7 % |
| GE Capital Canada Funding Co., 4.550%, 2017-01-17 | 1.6 % |
| 37.7 % |
Portfolio information above as at: 12/31/2011 12:00:00 AM
††formerly known as Catapult Financial Management Inc.
†At the Canadian Investment Awards.
*IA Clarington Investments Inc., manager of the IA Clarington Tactical 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 2.39%
Important information and disclaimer