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.

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:
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IA Clarington Tactical
Bond Fund
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IA Clarington Tactical
Bond Class
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Suitable for investors seeking
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Yield advantage over traditional bond funds
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Tax-efficient exposure to fixed income investments
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Investor Risk Tolerance
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Low
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Low
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Expected average credit rating
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BBB
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BBB
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Hedging currencies
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Yes
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Yes
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Distributions
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Series A- Monthly, variable
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Series A - Monthly, variable
Series T5 - Targets 5% annualized distribution, paid monthly
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Fund page: IA Clarington Tactical Bond
Fund
Fund page: IA Clarington Tactical Bond
Class
Portfolio Manager Profile: Ben Cheng