Get Tactical. With Your Fixed Income.

Introducing:  IA Clarington Tactical Bond Fund

The IA Clarington Tactical Bond Fund seeks to gain a yield advantage by adjusting its mix of high quality government, corporate and high yield bonds depending on market conditions.

Renowned Portfolio Manager, Ben Cheng, focuses on positioning the Fund to benefit from the ever changing market cycles.

Diversification

Corporate and high yield bonds have low correlation with other asset classes and are less sensitive to rising interest rates, making them a great way to diversify your portfolio.

Attractive Risk/Reward Characteristics

Over the last 20 years, the high yield and corporate bond category have delivered returns that are similar to equities with just over half the volatility.

Tactical Bond Chart

Source: StyleADVISOR, data from September 30, 1986 to June 30, 2010. Returns represent Merrill Lynch High Yield Master II Index, Merrill Lynch Corporate Master Index, S&P/TSX Composite Index, S&P 500 Index and MSCI World Index.

Positive Outlook

Corporate and high yield bonds remain compelling as low interest rates enable issuers to repair balance sheets and improve liquidity while the pace of defaults are beginning to slow.

Bond Management Expertise

Ben Cheng has a demonstrated track record in identifying income investment opportunities across the fixed income spectrum and will endeavour to tactically shift the asset mix of the Fund based on his market outlook to generate high and stable income.

Two Options to Choose From:

IA Clarington Tactical Bond Fund

IA Clarington Tactical Bond Class

Suitable for investors seeking

Yield advantage over traditional bond funds

Tax-efficient exposure to fixed income investments

Investor Risk Tolerance

Low

Low

Expected average credit rating

BBB

BBB

Hedging currencies

Yes

Yes

Distributions

Series A- Monthly, variable

Series A - Monthly, variable
Series T5 - Targets 5% annualized distribution, paid monthly

Fund page: IA Clarington Tactical Bond Fund
Fund page: IA Clarington Tactical Bond Class
Portfolio Manager Profile: Ben Cheng