Series

Investment Approach

The fund manager employs a rigorous bottom-up strategy with a 12 to 18 month strategic outlook on the markets with a view to invest in a stable mix of income producing equity and fixed income securities demonstrating strong fundamentals while aiming to minimize volatility through all market conditions.

Key reasons to invest

Award winning manager

Seeks to provide stable income and capital appreciation

An investment approach that endeavours to strategically position the Fund through all market conditions

 Medium-Low Risk Image

Daily Price

Calendar Year Returns (%)

Distributions

Distribution Frequency: Monthly, 2.7¢ per unit

Category 2015 2014 2013* 2012 2011 2010 2009
Income 0.05 0.02 0.01 0.04 0.00 0.01 0.01
Dividends 0.04 0.08 0.10 0.06 0.05 0.07 0.10
Capital Gains 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Return of Capital 0.29 0.27 0.37 0.28 0.34 0.30 0.27
Total Distribution 0.39 0.37 0.48 0.38 0.39 0.38 0.38

Daily Price

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Commentaries

The fourth quarter of the year can only be described as tumultuous, for lack of a better word.  It seemed to be a perfect culmination of events that has plagued most risk markets during the year.  Speculation and reality around a Chinese economic slowdown, a commodity meltdown, a Fed that is intent on increasing short term borrowing costs at arguably an inopportune time. The S&P 500 Index experienced a correction that lasted longer than a short week, as had been the case for most of the past 4 years.  On the surface it would seem that we would be heading for a recession in North American economies given the turmoil.  The economic backdrop however remains firmly planted in a slow and steady growth environment.  While inventory drawdowns have contributed to an economic pause, the U.S. consumer remains healthy and continues to spend; auto sales are at multi-year highs; household formation is continuing to increase; and banks generally are increasing their lending.

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Portfolio Managers

Dan_Bastasic

Dan Bastasic, MBA, CFA
Senior Vice President, Investments
IA Clarington Investments Inc.

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Facts & Fees

Purchase Minimums

Minimum Initial Buy: $500
Each Additional Investment:
(may be waived)
$50

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Financial Documents

Legal

*IA Clarington Investments Inc., manager of the IA Clarington Strategic Income Fund Y (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 03/31/2014. The actual MER of the this series of the Fund before waivers and or absorptions is 2.34%
Important information and disclaimer

*This represents a 15 month fiscal period ending March 31, 2014. The funds changed their fiscal year-end from December 31 to March 31, effective August 27, 2013.

The actual distributions could differ from the figures shown based on several factors, including dividend and interest income received by a fund, gains realized on securities sold, purchases and redemptions of a fund. The figures shown are also subject to change depending on market conditions, portfolio activity, redemptions, and income or dividends earned. The figures shown are based on information currently available, and are only an approximation. We take no responsibility for the accuracy of this information and recipients should exercise appropriate caution in using this information.