IA Clarington Global Tactical Income Fund T6
Quick Facts
NAVPS (2/6/2012) $7.51
2010 Total Distributions:
| Income ($) |
0.18 |
| Dividends ($) |
0.01 |
| Capital gains ($) |
-
|
| Return of Capital ($) |
0.20 |
| Total distributions ($) |
0.39 |
Distribution Frequency: Monthly, 3.3¢ per
unit
MER:
06/30/2011 2.62%
Fund Numbers:
|
Front |
Back |
Low |
Series F |
| Series T6 |
6370 |
6371 |
6961 |
6360 |
Key reasons to invest
- Award winning manager†
- The Fund provides a balanced approach to global investing
- Seeks to achieve a steady flow of monthly income: Target a 6%
annual distribution rate, paid monthly.
Investment Approach
The portfolio manager uses a Growth at a Reasonable Price (GARP)
investment style and seeks out companies with stable earnings
growth, strong management, solid balance sheet and a growing
overall market share. The Fund seeks to generate income and
long-term capital growth by investing in a combination of equity
and fixed income securities of companies located mainly in Europe
and North America. The team will also hedge currencies to reduce
the volatility of returns.
Portfolio Sub-Advisor
Aston Hill Investments Inc.***
Portfolio Manager
Ben Cheng,
CFA
- President, Portfolio Manager & 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
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: 7/9/2007
Net Assets: $238,189,835Compound Annual Returns (%) as at 12/31/2011
| 1 month | 3 months | 6 months | 1 year | 3 years | 5 years | 10 years | Inception |
| 1.2 | 6.3 | -3.2 | -1.8 | 9.7 | - | - | -1.0 |
Calendar Year Returns (%)
| 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 |
| 13.0 | 18.9 | -22.8 | - | - | - | - | - | - | - |
Asset Mix
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Geographic Allocation
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Sector Allocation
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Characteristics of the Fund
| B | Average rating - Bonds |
| 1.86 years | Average term |
| 1.56 years | Modified duration |
| 0.0938 | Average coupon |
| 0.1205 | Yield at cost |
| 0.1352 | Yield at market value |
Top Ten Holdings
| AT&T Inc. | 2.0 % |
| Simon Property Group LP | 1.8 % |
| CenturyLink Inc. | 1.4 % |
| Public Storage | 1.4 % |
| Occidental Petroleum Corp. | 1.3 % |
| Annaly Capital Management, Inc. | 1.2 % |
| McDonald's Corp. | 1.2 % |
| CSX Corp. | 1.2 % |
| PPL Corp., Pfd. | 1.2 % |
| Microsoft Corp. | 1.1 % |
| 13.8 % |
Portfolio information above as at: 12/31/2011 12:00:00 AM
***formerly known as Catapult Financial Management Inc.
† At the Canadian Investment Awards.
On April 1, 2006, OppenheimerFunds Inc. and Oppenheimer Real Asset
Management Inc. assumed portfolio advisory responsibilities for the
Fund as sub-advisor to Industrial Alliance Investment Management
Inc. The Fund's investment strategy was changed as a result of this
change. These changes could have affected the performance of the
Fund.
Effective September 15, 2008 the portfolio advisor has appointed
Catapult Financial Management Inc. as the sub-advisor to the fund.
The Fund's investment strategy was changed as a result of this
change. These changes could have affected the performance of the
Fund.
Important information and disclaimer