Disclaimers and important information

The following important information must be considered when viewing the content presented on this website:

General

Commissions, trailing commissions, management fees, brokerage fees and expenses all may be associated with mutual fund investments, including investments in exchange-traded series of mutual funds. The information presented herein may not encompass all risks associated with mutual funds. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Trademarks displayed herein that are not owned by Industrial Alliance Insurance and Financial Services Inc. are the property of and trademarked by the corresponding company and are used for illustrative purposes only. In the case of the IA Clarington Money Market Fund, note that mutual fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. There can be no assurances that the Fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you. The information provided in this website does not constitute financial, tax or legal advice. Always consult with a qualified advisor prior to making any investment decision.

Indicated mutual fund rates of return include changes in share or unit value and reinvestment of all dividends or distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Returns for time periods of more than one year are historical annual compounded total returns while returns for time periods of one year or less are cumulative figures and are not annualized. Where applicable, compound growth charts are used only to illustrate the effects of a compound growth rate and are not intended to reflect future values or returns of a fund. A mutual fund's "yield" refers to income generated by securities held in the fund’s portfolio and does not represent the return of or level of income paid out by the fund.

The payment of distributions and distribution breakdown, if applicable, is not guaranteed and may fluctuate. The payment of distributions should not be confused with a fund's performance, rate of return, or yield. If distributions paid by a fund are greater than the performance of the fund, then your original investment will shrink. Distributions paid as a result of capital gains realized by a fund and income and dividends earned by a fund are taxable in the year they are paid. Your adjusted cost base will be reduced by the amount of any returns of capital. If your adjusted cost base goes below zero, then you will have to pay capital gains tax on the amount below zero.

The term “Portfolio Manager” refers to the portfolio manager or sub-advisor responsible for the management of a fund's investment portfolio, as specified in the fund's prospectus.

The iA Clarington Funds are managed by IA Clarington Investments Inc. iA Clarington and the iA Clarington logo, iA Wealth and the iA Wealth logo, and iA Global Asset Management and the iA Global Asset Management logo are trademarks of Industrial Alliance Insurance and Financial Services Inc. and are used under license. iA Global Asset Management Inc. (iAGAM) is a subsidiary of Industrial Alliance Investment Management Inc. (iAIM).

Portfolio manager commentaries

The information provided should not be acted upon without obtaining legal, tax, and investment advice from a licensed professional. Statements by the portfolio manager or sub-advisor represent their professional opinion and do not necessarily reflect the views of iA Clarington. Specific securities discussed are for illustrative purposes only and should not be considered a recommendation to buy or sell. Mutual funds may purchase and sell securities at any time and securities held by a fund may increase or decrease in value. Past investment performance may not be repeated. Unless otherwise stated, the source for information provided is the portfolio manager. Statements that pertain to the future represent the portfolio manager’s current view regarding future events. Actual future events may differ.

Information related to taxes

Returns of capital are not immediately taxable. Instead, a return of capital reduces the adjusted cost base of your shares of the Corporate Class Fund. Clarington Sector Fund Inc. (corporate class funds) may, if necessary to reduce its liability for tax, pay to shareholders an ordinary dividend annually within 60 days following the end of the year. Your adjusted cost base will be reduced by the amount of any returns of capital. If your adjusted cost base goes below zero, then you will have to pay capital gains tax on the amount below zero.

The tax-efficiency of cash flows from corporate class funds refer to the characteristics of corporate class fund distributions as compared with distributions paid from traditional mutual fund trusts. Distributions from corporate class funds are generally comprised of returns of capital, capital gains and dividends which may offer certain tax benefits. Distributions from traditional mutual funds include interest income which is generally taxed at a higher income tax rate. Please refer to the funds’ prospectus for additional information on the risks and benefits of investing in corporate class funds.

Nothing on this website should be considered as tax or investment advice. The information and examples provided are intended solely to provide you with general information about the current taxation of certain types of investment income in Canada and the characteristics of certain investment products and should not be relied upon for any other reason. Always consult with a qualified advisor and/or qualified tax professional, if applicable, prior to making an investment decision.

Changes that may have impacted the performance of a fund

The following chart summarizes certain changes that may have affected the performance of the indicated Fund or particular series of Fund. The historical performance of the Fund or specified series of Fund may have been substantially different had the changes been in effect throughout the entire performance measurement period, given that certain measurement periods presented include time periods prior to the changes. These changes are not considered material reorganizations of the Funds as per applicable securities legislation. Please review the indicated Fund's Prospectus and Annual Information Form for additional information.

Performance Start Date

As per applicable securities regulation, where a material merger or reorganization has occurred for a Fund, the performance data presented must be calculated from the date of that merger or reorganization (referred to as “Performance Start Date” or “PSD”). Performance data is therefore not shown for the period since the inception of the Fund or Series.

In line with securities regulation, the Funds noted below underwent a material merger or reorganization in the last 10 years:

IA Clarington Target Click Funds

Each of the IA Clarington Target Click Funds (the "Funds") will pay, on the Fund's maturity date, the highest month-end net asset value per unit achieved during the life of the Fund. Industrial Alliance Insurance and Financial Services Inc. ("Industrial Alliance"), the parent company of the Manager of the Funds, has provided a guarantee to each of the Funds that it will pay any shortfall to the Fund if the net asset value of any Fund is less than its guaranteed value at maturity. Each Fund's maturity date will occur on June 30 of the year specified in the Fund's name. The guaranteed amount will benefit the investors who hold units of the Fund on that maturity date. If an investor were to redeem units of the Fund before the maturity date, the redemption will be based on the net asset value at the time of transaction. In some circumstances, the maturity date for a Fund may be accelerated, in which case the Fund will pay the greater of the net asset value on that accelerated maturity date and the net present value of the guaranteed amount, less any applicable redemption charges.

Please note that the IA Clarington Target Click Funds are closed to new investors.

IA Clarington Guaranteed Investment Funds (GIFs)

Industrial Alliance Insurance and Financial Services Inc. is the sole issuer of the individual variable annuity contract providing for investment in iA Clarington GIFs. A description of the key features of the individual variable annuity contract is contained in the iA Clarington GIF Information folder. SUBJECT TO ANY APPLICABLE DEATH AND MATURITY GUARANTEE, ANY PART OF THE PREMIUM OR OTHER AMOUNT THAT IS ALLOCATED TO A SEGREGATED FUND IS INVESTED AT THE RISK OF THE POLICYHOLDER AND MAY INCREASE OR DECREASE ACCORDING TO FLUCTUATIONS IN THE MARKET VALUE OF THE ASSETS OF THE SEGREGATED FUND. iA Clarington GIF is a trademark of Industrial Alliance Insurance and Financial Services Inc. iA Clarington and the iA Clarington logo are trademarks of Industrial Alliance Insurance and Financial Services Inc. and are used under license.

Please note that the iA Clarington GIFs are closed to new deposits on existing contracts and new issues.

iA Wealth Managed Portfolios

The iA Wealth Managed Portfolios are managed by IA Clarington Investments Inc. The iA Wealth Managed Portfolios currently meet their investment objectives by investing primarily in underlying mutual funds managed by iA Clarington, affiliate or a third-party investment manager. Trademarks displayed herein that are not owned by Industrial Alliance Insurance and Financial Services Inc. are the property of and trademarked by the corresponding company and are used for illustrative purposes only. The Dynamic Funds logo is a registered trademark of The Bank of Nova Scotia. Used under license. Fidelity Investments Canada is a registered trademark of 483A Bay Street Holdings LP. Used with permission. The PIMCO logo is used with permission from Pacific Investment Management Company LLC, www.PIMCO.com. iA Wealth and the iA Wealth logo are trademarks of Industrial Alliance Insurance and Financial Services Inc. and are used under license.

MSCI data

Source: MSCI Inc. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, reviewed, or produced by MSCI.

High Yield Securities

Non-traditional fixed income asset classes may carry higher risk, but generally provide higher yield than traditional fixed income asset classes. For definitions of technical terms, please visit iaclarington.com/glossary and speak with your financial advisor.