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PRICE & PERFORMANCE  Select A Fund IA Clarington Funds IA Clarington Fixed Income Funds Bond Fund Money Market Fund - A Money Market Fund - B Real Return Bond Fund IA Clarington Canadian Cash Distribution Funds Canadian Dividend Fund - A Canadian Dividend Fund - X Canadian Dividend Fund - T6 Canadian Income Fund - T8 Dividend Income Fund - T4 Dividend Income Fund - T6 Dividend Growth Fund - T6 Dividend Growth Fund - T10 Tactical Income Fund - T6 Tactical Income Fund - T8 Monthly Income Balanced Fund - X Monthly Income Balanced Fund - T6 Monthly Income Balanced Fund - T8 IA Clarington Global Cash Distribution Funds Global Dividend Fund - T6 Global Dividend Fund - T6 (US$) Global Dividend Fund - T8 Global Dividend Fund (US$) - T8 Global Income Fund - T6 Global Income Fund - T8 Global Income Fund (US$) - T6 Global Income Fund (US$) - T8 IA Clarington Canadian Funds Canadian Balanced Fund Tactical Income Fund Canadian Conservative Equity Fund Canadian Equity Fund Canadian Leaders Fund Canadian Small Cap Fund Canadian Small Cap Fund - X IA Clarington U.S. Funds American Fund Sarbit US Equity Fund Sarbit US Equity Fund - T6 Sarbit US Equity Fund (US$) Sarbit US Equity Fund (US$) - T6 IA Clarington Global Funds Global Income Fund Global Equity Fund Global Equity Fund (US$) Global Small Cap Global Value Fund IA Clarington Inhance Funds Inhance Monthly Income SRI Inhance Conservative SRI Portfolio Inhance Balanced SRI Portfolio Inhance Balanced SRI Portfolio - T6 Inhance Growth SRI Portfolio Inhance Canadian Equity SRI Class Inhance Global Equity SRI Class IA Clarington Target Click Funds Target Click 2015 Target Click 2020 Target Click 2025 Target Click 2030 Distinction Portfolios Prudent Portfolio Prudent Portfolio - M Conservative Portfolio Conservative Portfolio - M Balanced Portfolio Balanced Portfolio Series M Monthly Income Portfolio - T6 Monthly Income Portfolio - M6 Monthly Income Portfolio - M8 Growth Portfolio Growth Portfolio - M Bold Portfolio Bold Portfolio - M IA Clarington Corporate Class Funds Short-Term Income Class Canadian Equity Class Global Equity Class Canandian Leaders Class - A Canadian Small Cap Class - A Tactical Income Class - Series T6 Tactical Income Class - Series T8 Dividend Growth Class - T6 Dividend Growth Class - T10 Distinction Prudent Class - A Distinction Prudent Class - M Distinction Conservative Class - A Distinction Conservative Class - M Distinction Balanced Class - A Distinction Balanced Class - M Distinction Growth Class - A Distinction Growth Class - M Distinction Bold Class - A Distinction Bold Class - M Distinction Monthly Income Class - T6 Distinction Monthly Income Class - M6 Distinction Monthly Income Class - M8 Clarington Guaranteed Investment Funds Money Market GIF Bond GIF Dividend Income GIF Dividend Growth GIF Canadian Conservative Equity GIF Canadian Small Cap GIF Global Dividend GIF Global Equity GIF Global Value GIF

Distribution Rates for IA Clarington Cash Distribution Funds

The table below summarizes the 2010 monthly distributions for the IA Clarington Cash Distribution Funds.

Fund Name	Series	2010 Monthly Distribution Rate
IA Clarington Canadian Dividend Fund	A X T6	0.051^ 0.060 0.032
IA Clarington Canadian Income Fund	T8	0.032
IA Clarington Tactical Income Fund	T6 T8	0.047 0.067
IA Clarington Tactical Income Class	T6 T8	0.061 0.080
IA Clarington Dividend Growth Fund	T6 T10	0.051 0.061
IA Clarington Dividend Growth Class	T6 T10	0.063 0.083
IA Clarington Dividend Income Fund	T4 T6	0.058 0.032
IA Clarington Monthly Income Balanced Fund	T6 T8	0.044 0.044
IA Clarington Sarbit U.S. Equity Fund	T6	0.050
IA Clarington Global Dividend Fund	T6 T8	0.022 0.035
IA Clarington Global Income Fund	T6 T8	0.033 0.017
IA Clarington Inhance Monthly Income SRI Fund	A	0.050
IA Clarington Inhance Conservative SRI Portfolio	A	0.050
IA Clarington Inhance Balanced SRI Portfolio	T6	0.050
Distinction Monthly Income Portfolio	T6 M6 M8	0.033 0.037 0.047
Distinction Monthly Income Class	T6 M6 M8	0.050 0.050 0.067

Cash Distribution Solutions

IA Clarington offers a range of flexible cash distribution options.

Who is it suitable for?

Investors looking for predictable, tax efficient monthly cash flow.

Advantages

• Regular monthly cash flow 
• Tax-efficiency – Investors are able to receive tax-efficient monthly cash flow (return of capital) without redeeming fund units or triggering capital gains.
• Investment flexibility and choice – Tax-free switching between different Series T options of the same fund.

How do they work?

Funds pay out a regular amount of tax-efficient cash flow on a monthly basis. They offer a target distribution, as a percentage of the previous year end Net Asset Value Per Security (NAVPS). Distributions are reviewed at the end of each year and adjusted if they are outside the target range.

Tax efficiency is gained through the type of distribution. Initially, distributions will be composed of Return of Capital (RoC), helping to maximise investors' after tax cash flow. As invested capital is paid back, distributions will convert to the appropriate mix of capital gains, dividend income and interest income.

 

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing.

^The distribution rate for the IA Clarington Canadian Dividend Fund Series A is reviewed on a monthly basis. All other distribution rates for the cash distribution funds are reviewed at year-end based on December 31 NAVPS.

The payment of distributions and distribution breakdown is not guaranteed and may fluctuate. The payment of distributions should not be confused with a fund's performance, rate of return, or yield. If distributions paid by the fund are greater than the performance of the fund, then your original investment will shrink. Distributions paid as a result of capital gains realized by a fund and income and dividends earned by a fund are taxable in your hands in the year they are paid. Your adjusted cost base will be reduced by the amount of any returns of capital. If your adjusted cost base goes below zero, then you will have to pay capital gains tax on the amount below zero.

Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

The IA Clarington Funds and IA Clarington Target Click Funds are managed by IA Clarington Investments Inc. IA Clarington is a trademark of IA Clarington Investments Inc. and the IA Clarington logo is a trademark of Industrial Alliance Insurance and Financial Services Inc.