(As of 10/31/2023)

IA Clarington Strategic Corporate Bond Fund A

(High Yield Fixed Income)
FundGrade A+® Rating recipient
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Inception Return
(9/26/2011) 		3.19 %
YTD Return 1.31 %
NAVPS
(11/28/2023) 		$8.86
Change $0.01 / 0.16 %
Growth of $10,000 (As of October 31, 2023)
MER 1.99 %
Assets ($mil) $565.96
Rank (1Yr) 227/307
Std Dev (3Yr) 6.49 %
Volatility Ranking (3Yr) 1/10
RRSP Eligibility Yes
Load Choice of Front or Back
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 by investing primarily in fixed income securities with an emphasis on corporate and other higher yielding fixed income securities.
Fund Manager

IA Clarington Investments Inc.

Portfolio Manager

Dan Bastasic, Industrial Alliance Investment Management Inc.

Sub-Advisor
Data not available
 
Asset Allocation
(As of September 30, 2023)
Sector Allocation
(As of September 30, 2023)
Geographic Allocation
(As of September 30, 2023)
Top 10 Holdings
NameAssetSectorGeographicPercent
United States Treasury 4.13% 15-Nov-2032Foreign BondsFixed IncomeUnited States5.60%
Russel Metals Inc 5.75% 27-Oct-2025Domestic BondsFixed IncomeCanada2.47%
iShares iBoxx $ Inv Grade Corp Bond ETF (LQD)Foreign BondsFixed IncomeUnited States2.46%
Superior Plus LP 4.25% 18-May-2028Domestic BondsFixed IncomeCanada2.29%
SNC-Lavalin Group Inc 7.00% 12-Jun-2026Domestic BondsFixed IncomeCanada2.12%
Trulieve Cannabis Corp - DebentureForeign BondsHealthcareUnited States2.05%
Northland Power Inc 9.25% 30-Jun-2028Domestic BondsFixed IncomeCanada2.04%
Garda World Security Corp 9.50% 24-Dec-2023Foreign BondsFixed IncomeUnited States2.02%
Wynn Las Vegas LLC 5.25% 15-May-2027Foreign BondsFixed IncomeUnited States1.93%
Doman Building Mats Group Ltd 5.25% 15-May-2026Domestic BondsFixed IncomeCanada1.93%

Performance Data (As of October 31, 2023)
  Return (%) Annualized Return (%)
Return 1 Mth 3 Mth 6 Mth YTD 1 Yr 3 Yr 5 Yr 10 Yr
Fund -0.63 -1.43 -1.48 1.31 3.07 1.28 1.19 2.38
Benchmark 1.59 2.77 1.97 6.80 11.19 0.78 3.11 5.93
Quartile Ranking 2 2 3 4 3 2 3 3

Calendar Return (%) 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Fund -6.28 5.12 3.11 5.11 -1.57 2.73 16.23 -4.64 3.09 5.68
Benchmark -6.92 0.50 6.14 7.98 5.36 2.96 10.80 14.93 8.91 15.20
Quartile Ranking 1 2 3 4 2 4 1 3 3 3

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