(As of 10/31/2024)

IA Clarington Core Plus Bond Fund Series A

(Canadian Short Term Fixed Income)
FundGrade A+® Rating recipient
For more information about FundGrade click here
2018





Inception Return
(6/25/2014) 		1.73 %
YTD Return 4.19 %
NAVPS
(11/19/2024) 		$9.20
Change ($0.01) / -0.09 %
Growth of $10,000 (As of October 31, 2024)
MER 1.53 %
Assets ($mil) $753.59
Rank (1Yr) 106/278
Std Dev (3Yr) 4.84 %
Volatility Ranking (3Yr) 1/10
RRSP Eligibility Yes
Load Choice of Front or No Load
Max Front End 5.00 %
Max Back End -
Sales Status Open
 
Objective
The Fund’s objective is to provide income and the potential for long term capital growth, while preserving capital and mitigating the effects of interest rate fluctuations, by investing primarily in fixed income securities including government bonds, investment grade bonds and high-yield bonds, as well as other income producing securities such as asset-backed securities and senior floating rate loans.
Fund Manager

IA Clarington Investments Inc.

Portfolio Manager

iA Global Asset Management Inc.

Sub-Advisor

Dan Janis, Agile Investment Management, LLC

Peter Azzinaro, Agile Investment Management, LLC

Jonathan Birtwell, Agile Investment Management, LLC

Noelle Corum, Agile Investment Management, LLC

 
Asset Allocation
(As of September 30, 2024)
Sector Allocation
(As of September 30, 2024)
Geographic Allocation
(As of September 30, 2024)
Top 10 Holdings
NameAssetSectorGeographicPercent
SPDR BofA Merrill Lynch Crossover Corp Bd ETFOtherExchange Traded FundUnited States5.64%
Canadian DollarCash and EquivalentsCash and Cash EquivalentCanada2.85%
Mexico Government 7.00% 03-Sep-2026Foreign BondsFixed IncomeLatin America1.51%
FORE 8 DEVELOPMENTS 8.00% 15-Dec-2025Foreign BondsFixed IncomeUnited States1.28%
Ford Credit Canada Co 5.44% 09-Feb-2029Domestic BondsFixed IncomeCanada1.28%
Bank of Nova Scotia 3.63% 27-Oct-2026Foreign BondsFixed IncomeUnited States1.05%
Canadian Imperial Bank Commrce 4.00% 28-Dec-2026Domestic BondsFixed IncomeCanada0.99%
Royal Bank of Canada 4.50% 24-Oct-2025Domestic BondsFixed IncomeCanada0.96%
National Australia Bank Ltd 3.52% 12-Jun-2025Cash and EquivalentsCash and Cash EquivalentCanada0.96%
Cenovus Energy Inc 3.50% 07-Feb-2028Domestic BondsFixed IncomeCanada0.95%

Performance Data (As of October 31, 2024)
  Return (%) Annualized Return (%)
Return 1 Mth 3 Mth 6 Mth YTD 1 Yr 3 Yr 5 Yr 10 Yr
Fund -0.21 1.68 3.68 4.19 8.64 0.38 1.34 1.71
Benchmark -0.30 1.59 4.68 4.73 8.05 1.98 1.90 1.87
Quartile Ranking 3 1 4 4 2 4 4 3

Calendar Return (%) 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Fund 4.73 -7.81 1.38 4.16 4.45 0.45 2.01 2.56 1.95 -     
Benchmark 4.92 -3.98 -0.92 5.17 2.98 1.89 0.27 0.90 2.56 3.01
Quartile Ranking 3 4 1 3 1 4 1 1 2 -

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