(As of 3/31/2024)

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) 		1.48 %
YTD Return 0.75 %
NAVPS
(4/24/2024) 		$9.01
Change ($0.01) / -0.09 %
Growth of $10,000 (As of March 31, 2024)
MER 1.52 %
Assets ($mil) $702.24
Rank (1Yr) 147/272
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

Amar Dhanoya, Industrial Alliance Investment Management Inc.

Sub-Advisor

Wellington Square Capital Partners Inc.

 
Asset Allocation
(As of February 29, 2024)
Sector Allocation
(As of February 29, 2024)
Geographic Allocation
(As of February 29, 2024)
Top 10 Holdings
NameAssetSectorGeographicPercent
Bank of Nova Scotia 3.63% 27-Oct-2026Foreign BondsFixed IncomeUnited States1.38%
Canadian Imperial Bank Commrce 4.00% 28-Dec-2026Domestic BondsFixed IncomeCanada1.37%
FORE 8 DEVELOPMENTS 8.00% 15-Dec-2025Foreign BondsFixed IncomeUnited States1.33%
Royal Bank of Canada 4.50% 24-Oct-2025Domestic BondsFixed IncomeCanada1.18%
Chartwell Retirement Residencs 6.00% 08-Dec-2026Domestic BondsFixed IncomeCanada1.16%
Enbridge Inc 8.50% 15-Jan-2084Domestic BondsFixed IncomeCanada1.14%
Canadian Imperial Bank Commrce 4.20% 07-Apr-2027Domestic BondsFixed IncomeCanada1.13%
Bank of Montreal 6.03% 07-Sep-2028Domestic BondsFixed IncomeCanada1.06%
STARS GROUP HOLDINGS BV, Term LoanForeign BondsFixed IncomeOther European1.06%
Canadian Imperial Bank Commrce 5.30% 16-Jan-2034Domestic BondsFixed IncomeCanada1.04%

Performance Data (As of March 31, 2024)
  Return (%) Annualized Return (%)
Return 1 Mth 3 Mth 6 Mth YTD 1 Yr 3 Yr 5 Yr 10 Yr
Fund -0.22 0.75 4.90 0.75 4.03 -0.21 0.91 -   
Benchmark 0.53 0.45 4.45 0.45 3.64 0.29 1.33 1.59
Quartile Ranking 4 2 2 2 3 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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