IA Clarington Tactical Bond Fund
Quick Facts
NAVPS (9/7/2010) $10.11
Management Fee: Series A 1.60%
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
Catapult Financial Management Inc. is a wholly owned subsidiary
of Aston Hill Financial 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: $56,558,965Compound Annual Returns (%) as at 08/31/2010
| 1 month | 3 months | 6 months | 1 year | 3 years | 5 years | 10 years | Inception |
| - | - | - | - | - | - | - | - |
Calendar Year Returns (%)
| 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 |
| - | - | - | - | - | - | - | - | - | - |
Asset Mix
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Characteristics of the Fund
| BBB | Average rating - Bonds |
| 4.98 years | Average term |
| 4.17 years | Modified duration |
| 6.33% | Average coupon |
| 5.28% | Yield at cost |
| 5.26% | Yield at market value |
Top Ten Holdings
| Prov. of Ontario, 4.750%, 2013-06-02 | 6.3 % |
| Prov. of Ontario, 4.300%, 2017-03-08 | 6.2 % |
| Canada Housing Trust, 4.100%, 2018-12-15 | 6.2 % |
| Canada Housing Trust, 3.950%, 2013-06-15 | 6.2 % |
| Canada Housing Trust, 3.150%, 2015-06-15 | 6.0 % |
| Loblaw Companies Ltd., 7.100%, 2016-06-01 | 2.3 % |
| EnCana Corp., 5.800%, 2018-01-18 | 2.2 % |
| SNC-Lavalin Group Inc., 6.190%, 2019-07-03 | 2.1 % |
| Rogers Communications Inc., 5.800%, 2016-05-26 | 2.1 % |
| Brookfield Renewable Power Inc., 6.132%, 2016-11-30 | 2.1 % |
| 41.7 % |
Portfolio information above as at: 07/31/2010
*At the Canadian Investment Awards.
Commissions, trailing commissions, management fees and expenses
all may be associated with mutual fund investments. Please read the
prospectus before investing. For fund series less than one year old
we are not permitted to show performance information. Mutual funds
are not guaranteed, their values change frequently and past
performance may not be repeated.
The IA Clarington Funds and IA Clarington Target Click Funds are
managed by IA Clarington Investments Inc. IA Clarington and the IA
Clarington logo are trademarks of Industrial Alliance Insurance and
Financial Services Inc. and are used under license.