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

General

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. 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.

Portfolio manager commentaries

The information provided herein does not constitute financial, tax or legal advice. Always consult with a qualified advisor prior to making any investment decision. Commentaries are provided by the portfolio manager or sub-advisor responsible for the management of the fund's investment portfolio, as specified in the applicable fund's prospectus ("portfolio manager"). Statements by the portfolio manager represent their professional opinion, do not necessarily reflect the views of iA Clarington, and should not be relied upon for any other purpose. Information presented should not be considered a recommendation to buy or sell a particular security. Specific securities discussed are for illustrative purposes only. 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 of a security may not be repeated. Statements that pertain to the future represent the portfolio manager's current view regarding future events. Actual future events may differ. iA Clarington does not undertake any obligation to update the information provided herein.

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 in this material 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.

Fund NameNature of ChangeDate of Change
IA Clarington Bond FundInvestment objectives31-Jul-98
Portfolio manager10-Feb-05
IA Clarington Real Return Bond FundPortfolio manager31-Oct-08
IA Clarington Short-Term Income ClassPortfolio manager, Investment strategies01-Apr-06
IA Clarington Strategic Corporate Bond ClassPortfolio manager, Sub-Advisor, Investment objectives, Investment strategies30-Dec-14
IA Clarington Tactical Bond FundSub-Advisor, Investment strategies23-Feb-15
IA Clarington Tactical Bond ClassPortfolio Manager, Investment objectives, Investment strategies30-Dec-14
IA Clarington Strategic Income FundSub-Advisor, Investment strategies08-Aug-11
IA Clarington Strategic Income ClassPortfolio manager, Sub-Advisor, Investment objectives, Investment strategies30-Dec-14
IA Clarington Tactical Income FundSub-Advisor, Investment strategies23-Feb-15
IA Clarington Tactical Income ClassPortfolio manager, Investment objectives, Investment strategies30-Dec-14
IA Clarington Canadian Balanced FundPortfolio manager, Sub-Advisor, Investment strategies01-Apr-06
Sub-Advisor, Investment strategies05-Jun-09
IA Clarington Canadian Balanced ClassInvestment objectives, Investment strategies30-Dec-14
Portfolio manager, Sub-Advisor23-Jun-15
IA Clarington Focused Balanced ClassPortfolio manager, Sub-Advisor, Investment objectives, Investment strategies30-Dec-14
IA Clarington Canadian Conservative Equity FundPortfolio manager, Sub-Advisor04-Jul-07
IA Clarington Canadian Dividend FundPortfolio manager, Investment strategies01-Apr-06
IA Clarington Canadian Small Cap FundPortfolio manager, Sub-Advisor04-Jul-07
IA Clarington Dividend Growth ClassInvestment objectives, Investment strategies30-Dec-14
IA Clarington Strategic Equity Income FundSub-Advisor, Investment strategies08-Aug-11
IA Clarington Global Tactical Income FundSub-Advisor, Investment strategies23-Feb-15
IA Clarington Global Tactical Income ClassPortfolio Manager, Investment objectives, Investment strategies30-Dec-14
IA Clarington Strategic U.S. Growth & Income FundSub-Advisor, Investment objectives, Investment strategies04-Nov-13
IA Clarington Global Equity FundSub-Advisor, Investment strategies02-Jul-14
IA Clarington Global Opportunities FundPortfolio manager, Sub-Advisor27-Feb-06
Sub-Advisor, Investment strategies30-Nov-11
IA Clarington Global Opportunities ClassPortfolio manager, Sub-Advisor27-Feb-06
Sub-Advisor30-Nov-11
IA Clarington Global Value FundPortfolio manager, Sub-Advisor, Investment strategies26-Aug-05
Sub-Advisor09-Jul-09
IA Clarington Sarbit U.S. Equity FundSub-Advisor, Investment objectives, Investment strategies

05-Jun-09

IA Clarington U.S. Dividend Growth FundPortfolio manager, Sub-Advisor, Investment strategies01-Apr-05
Sub-Advisor, Investment strategies26-Nov-12
IA Clarington Target Click 2020 FundPortfolio manager5-Dec-11
IA Clarington Target Click 2025 FundPortfolio manager5-Dec-11
IA Clarington Target Click 2030 FundPortfolio manager5-Dec-11

Performance Start Date

As per applicable securities regulation, the performance data presented for the Funds noted below, are calculated from the date of a material merger or reorganization of the Fund (“Performance Start Date” or “PSD”). Performance data is therefore not shown for the period since the inception of the Fund or Series.

Fund NameDate of Merger or Reorganization
IA Clarington Money Market Fund, Series A31-Dec-01
IA Clarington U.S. Dividend Growth Fund, Series A31-Dec-01
IA Clarington Sarbit U.S. Equity Fund, Series A5-Jun-09
IA Clarington Sarbit U.S. Equity Fund, Series F5-Jun-09
IA Clarington Sarbit U.S. Equity Fund, Series F65-Jun-09
IA Clarington Sarbit U.S. Equity Fund, Series T65-Jun-09
IA Clarington Sarbit U.S. Equity Fund, Series A (USD)5-Jun-09
IA Clarington Sarbit U.S. Equity Fund, Series F (USD)5-Jun-09
IA Clarington Sarbit U.S. Equity Fund, Series F6 (USD)5-Jun-09
IA Clarington Sarbit U.S. Equity Fund, Series T6 (USD)5-Jun-09
IA Clarington Global Opportunities Class, Series A26-Aug-05
IA Clarington Global Opportunities Class, Series F26-Aug-05
IA Clarington Tactical Income Fund, Series FX65-Jun-09
IA Clarington Tactical Income Fund, Series FX85-Jun-09
IA Clarington Tactical Income Fund, Series T65-Jun-09
IA Clarington Tactical Income Fund, Series T85-Jun-09
IA Clarington Monthly Income Balanced Fund, Series F65-Jun-09
IA Clarington Monthly Income Balanced Fund, Series F85-Jun-09
IA Clarington Monthly Income Balanced Fund, Series T65-Jun-09
IA Clarington Monthly Income Balanced Fund, Series T85-Jun-09
IA Clarington Strategic Equity Income Fund, Series Y30-Nov-94
IA Clarington Canadian Leaders Class, Series A7-Feb-14
IA Clarington Canadian Leaders Class, Series F7-Feb-14
IA Clarington Dividend Growth Class, Series E67-Feb-14
IA Clarington Dividend Growth Class, Series F67-Feb-14
IA Clarington Dividend Growth Class, Series F107-Feb-14
IA Clarington Dividend Growth Class, Series T67-Feb-14
IA Clarington Dividend Growth Class, Series T107-Feb-14
IA Clarington Canadian Growth Class, Series A7-Feb-14
IA Clarington Canadian Growth Class, Series F7-Feb-14
Distinction Prudent Class, Series A7-Feb-14
Distinction Prudent Class, Series M7-Feb-14
Distinction Conservative Class, Series A7-Feb-14
Distinction Conservative Class, Series L7-Feb-14
Distinction Conservative Class, Series LM7-Feb-14
Distinction Conservative Class, Series M7-Feb-14
Distinction Balanced Class, Series A7-Feb-14
Distinction Balanced Class, Series L7-Feb-14
Distinction Balanced Class, Series LM7-Feb-14
Distinction Balanced Class, Series M7-Feb-14
Distinction Growth Class, Series A7-Feb-14
Distinction Growth Class, Series L7-Feb-14
Distinction Growth Class, Series LM7-Feb-14
Distinction Growth Class, Series M7-Feb-14
Distinction Bold Class, Series A7-Feb-14
Distinction Bold Class, Series M7-Feb-14

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.

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 GIFs 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 owner and may increase or decrease in value according to fluctuations in the market value of the assets of the segregated fund.