IA Clarington Global Tactical Income Fund A

Quick Facts

NAVPS (2/3/2012) $12.50

2010 Total Distributions:

Income ($) 0.17
Dividends ($) 0.01
Capital gains ($) -
Return of Capital ($) -
Total distributions ($) 0.18

Distribution Frequency: Annually


MER: 06/30/2011 2.5%*

Fund Numbers:


 Front Back Low Series F
Series A 2470 2471 2472 964
 

Key reasons to invest

  • Award winning manager†
  • The Fund provides a balanced approach to global investing

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.***

Advisor Logo

Portfolio Manager

Ben Cheng, CFA

  • President, CIO and Portfolio Manager 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: 7/13/2009

Net Assets: $238,189,835

Compound Annual Returns (%) as at 12/31/2011

1 month3 months6 months1 year3 years5 years10 yearsInception
1.26.3-3.2-1.8---9.6

Calendar Year Returns (%)

2010200920082007200620052004200320022001
13.0 - - - - - - - - -

Asset Mix

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Geographic Allocation

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Sector Allocation

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Characteristics of the Fund

BAverage rating - Bonds
1.86 yearsAverage term
1.56 yearsModified duration
0.0938Average coupon
0.1205Yield at cost
0.1352Yield at market value

Top Ten Holdings

AT&T Inc.2.0 %
Simon Property Group LP1.8 %
CenturyLink Inc.1.4 %
Public Storage1.4 %
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.

*IA Clarington Investments Inc., manager of the IA Clarington Global Tactical Income Fund A (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 2.49%
Important information and disclaimer