IA Clarington Inhance Monthly Income SRI Fund T6
Quick Facts
NAVPS (2/6/2012) $10.52
2010 Total Distributions:
| Income ($) |
0.14
|
| Dividends ($) |
0.15
|
| Capital gains ($) |
- |
| Return of Capital ($) |
0.31
|
| Total distributions ($) |
0.60 |
Distribution Frequency: Monthly, 5.0¢ per
unit
MER:
06/30/2011 2.5%*
Fund Numbers:
|
Front |
Back |
Low |
Series F |
| $Cdn |
6000 |
6001 |
6002 |
5003 |
Key reasons to invest
- Access to award winning Socially Responsible Investment (SRI)
managers†
- Fund provides a flow of monthly income while seeking to
preserve capital
- Potential tax efficiency of distributions
Investment Approach
The portfolio managers select investments using fundamental
analysis, encompassing company's earnings, profitability growth,
credit position, cash flow and long-term sustainability. The team
also applies in-depth financial analysis and rigorous
environmental, social and governance (ESG) research to the
construction and management of this portfolio.
Portfolio Sub-Advisor
Vancity Investment Management Inc.
Portfolio Manager
Stephen MacInnes,
CFA
- Director at Vancity Investment Management
Inc.
- Over 30 years of investment management experience.
- Prior to joining Vancity Investment Management
Inc. , Mr. MacInnes has built an impressive track record
while managing over $3.5 billion in assets at a large Canadian
mutual fund company.
Dermot Foley, CIM
- Lead role in analyzing the environmental performance, social
responsibility and corporate governance of companies
- Over 20 years experience in SRI investing
- Prior to joining Vancity Investment Management
Inc., Mr. Foley was a Senior Policy Analyst with the David
Suzuki Foundation Climate Change Program
Inception Date: 11/30/2009
Net Assets: $93,366,304Compound Annual Returns (%) as at 12/31/2011
| 1 month | 3 months | 6 months | 1 year | 3 years | 5 years | 10 years | Inception |
| 2.1 | 5.0 | 0.3 | 0.9 | - | - | - | - |
Calendar Year Returns (%)
| 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 |
| 13.2 | - | - | - | - | - | - | - | - | - |
Asset Mix
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Geographic Allocation
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Sector Allocation
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Characteristics of the Fund
| A | Average rating - Bonds |
| 3.59 years | Average term |
| 3.20 years | Modified duration |
| 0.0543 | Average coupon |
| 0.0256 | Yield at cost |
| 0.0265 | Yield at market value |
Top Ten Holdings
| AltaGas Ltd. | 1.7 % |
| Chartwell Seniors Housing Real Estate Investment Trust | 1.6 % |
| Keyera Corp. | 1.5 % |
| Labrador Iron Ore Royalty Corp. | 1.5 % |
| Crescent Point Energy Corp. | 1.5 % |
| Veresen Inc. | 1.5 % |
| Brookfield Renewable Energy Partners LP | 1.5 % |
| Enbridge Inc. | 1.5 % |
| BCE Inc. | 1.5 % |
| Penn West Petroleum Ltd. | 1.5 % |
| 15.3 % |
Portfolio information above as at: 12/31/2011 12:00:00 AM
† At the Canadian Investment Awards.
The IA Clarington Inhance Monthly Income SRI Fund was launched on
November 30, 2009. On December 4, 2009, the Fund underwent a merger
that was a material change under applicable securities laws. As
such, in accordance with such laws, we may only disclose
performance for periods after December 4, 2009. Securities laws
prohibit the publishing of performance information for funds with a
track record less than one year.
*IA Clarington Investments Inc., manager of the IA Clarington Inhance Monthly Income SRI Fund T6 (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 2.53%
Important information and disclaimer