(As of 2/28/2023)

IA Clarington Strategic Corporate Bond Fund A

(High Yield Fixed Income)
FundGrade A+® Rating recipient
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Inception Return
(9/26/2011) 		3.41 %
YTD Return 1.59 %
NAVPS
(3/21/2023) 		$8.89
Change $0.00 / 0.00 %
Growth of $10,000 (As of February 28, 2023)
MER 1.99 %
Assets ($mil) $486.17
Rank (1Yr) 76/363
Std Dev (3Yr) 6.49 %
Volatility Ranking (3Yr) 2/10
RRSP Eligibility Yes
Load Choice of Front or Back
Max Front End 5.00 %
Max Back End 5.75 %
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

IA Clarington Investments Inc.

 
Asset Allocation
(As of January 31, 2023)
Sector Allocation
(As of January 31, 2023)
Geographic Allocation
(As of January 31, 2023)
Top 10 Holdings
NameAssetSectorGeographicPercent
Enbridge Pipelines IncCash and EquivalentsCash and Cash EquivalentCanada6.27%
United States DollarCash and EquivalentsCash and Cash EquivalentUnited States3.74%
iShares iBoxx $ Inv Grade Corp Bond ETF (LQD)Foreign BondsFixed IncomeUnited States2.94%
Russel Metals Inc 5.75% 27-Oct-2025Domestic BondsFixed IncomeCanada2.73%
Superior Plus LP 4.25% 18-May-2028Domestic BondsFixed IncomeCanada2.51%
Garda World Security Corp 9.50% 01-Nov-2027Foreign BondsFixed IncomeUnited States2.26%
Trulieve Cannabis Corp - DebentureForeign BondsHealthcareUnited States2.17%
Air Canada 4.63% 15-Aug-2029Domestic BondsFixed IncomeCanada2.15%
Wynn Las Vegas LLC 5.25% 15-May-2027Foreign BondsFixed IncomeUnited States2.12%
Doman Building Mats Group Ltd 5.25% 15-May-2026Domestic BondsFixed IncomeCanada2.12%

Performance Data (As of February 28, 2023)
  Return (%) Annualized Return (%)
Return 1 Mth 3 Mth 6 Mth YTD 1 Yr 3 Yr 5 Yr 10 Yr
Fund -0.77 1.40 1.15 1.59 -2.81 1.22 1.19 2.68
Benchmark 0.26 3.53 8.38 2.93 0.15 0.07 2.59 6.21
Quartile Ranking 2 3 3 4 1 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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