(As of 6/30/2024)

IA Clarington Strategic Corporate Bond Fund A

(High Yield Fixed Income)
FundGrade A+® Rating recipient
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Inception Return
(9/26/2011) 		3.66 %
YTD Return 3.01 %
NAVPS
(7/25/2024) 		$9.15
Change $0.00 / 0.02 %
Growth of $10,000 (As of June 30, 2024)
MER 2.00 %
Assets ($mil) $690.16
Rank (1Yr) 250/295
Std Dev (3Yr) 6.49 %
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 by investing primarily in fixed income securities with an emphasis on corporate and other higher yielding fixed income securities. The fundamental investment objective may only be changed with the approval of a majority of Securityholders at a meeting called for that purpose.
Fund Manager

IA Clarington Investments Inc.

Portfolio Manager

Dan Bastasic, Industrial Alliance Investment Management Inc.

Sub-Advisor
Data not available
 
Asset Allocation
(As of May 31, 2024)
Sector Allocation
(As of May 31, 2024)
Geographic Allocation
(As of May 31, 2024)
Top 10 Holdings
NameAssetSectorGeographicPercent
iShares iBoxx $ Inv Grade Corp Bond ETF (LQD)Foreign BondsFixed IncomeUnited States2.30%
Atkinsrealis Group Inc 7.00% 12-Jun-2026Domestic BondsFixed IncomeCanada2.29%
KeHE Distributors LLC 9.00% 15-Feb-2029Foreign BondsFixed IncomeUnited States2.18%
Bombardier Inc 7.13% 15-Jun-2026Foreign BondsFixed IncomeUnited States2.05%
BROOKFIELD CORP 06/13/24Cash and EquivalentsCash and Cash EquivalentCanada1.95%
Russel Metals Inc 5.75% 27-Oct-2025Domestic BondsFixed IncomeCanada1.88%
Garda World Security Corp 9.50% 01-Nov-2027Foreign BondsFixed IncomeUnited States1.83%
Superior Plus LP 4.25% 18-May-2028Domestic BondsFixed IncomeCanada1.83%
TransDigm Inc 6.75% 15-Aug-2028Foreign BondsFixed IncomeUnited States1.82%
Cineplex Inc 7.63% 31-Mar-2029Domestic BondsFixed IncomeCanada1.78%

Performance Data (As of June 30, 2024)
  Return (%) Annualized Return (%)
Return 1 Mth 3 Mth 6 Mth YTD 1 Yr 3 Yr 5 Yr 10 Yr
Fund 0.37 1.23 3.01 3.01 7.12 1.45 2.42 2.57
Benchmark 1.79 2.35 6.59 6.59 14.42 3.38 3.77 5.98
Quartile Ranking 4 2 2 2 4 2 3 3

Calendar Return (%) 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Fund 6.43 -6.28 5.12 3.11 5.11 -1.57 2.73 16.23 -4.64 3.09
Benchmark 10.36 -6.92 0.50 6.14 7.98 5.36 2.96 10.80 14.93 8.91
Quartile Ranking 4 1 2 3 4 2 4 1 3 3

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