Diversified income

IA Clarington Strategic Income GIF

Diversified income

Fund series navigation	Fund series information
Fund series navigation	Series Guarantee A

Effective November 30, 2021, the fund will be closed to new deposits on existing contracts and new issues. Please note that existing pre-authorized debit (PAD) plans will continue to be honoured but cannot be changed. Switches between funds will also continue to be permitted.

NAV

as of

Fund code(s)

$CDN Guarantee A

$CDN	FE	DSC
Guarantee A	IAC 2000 Closed	IAC 2010 Closed

Distribution frequency

Monthly, variable

MER

as of December 31, 2022

3.37%

Risk tolerance

Inception date

January 17, 2014

Fund assets

as of March 28, 2024

$190.3 million

Fund Facts

Fund Profile

Investment goal

The Fund’s objective is to provide a consistent stream of income and capital appreciation by investing in primarily Canadian equity and fixed income investments. The fund may invest up to 49% of its assets in foreign securities.

Key reasons to invest

Flexible income-focused balanced fund that can adjust asset allocation as market conditions warrant. The manager’s expertise in both equity and fixed income provides an unbiased asset allocation decision and the ability to assess relative value across the capital structure of a company

Fixed income component includes high yield corporate bonds that may have lower interest rate sensitivity than one focused on investment grade bonds alone

Rigorous & active investment process that focuses on safety of income and incorporates the manager’s macro outlook

Portfolio manager(s)

Dan Bastasic
CFA, MBA
iA Global Asset Management Inc.
Read Dan Bastasic's bio

Monthly commentary

Quarterly commentary

Disclaimers

Performance as of March 28, 2024

Fund performance (%)

Table view | Chart view

Description	1-month	3-month	YTD	1-year	3-year	5-year	10-year	Since inception
Rate of return	1.8	3.9	3.9	6.5	2.7	3.3	3.1	3.3

Calendar year performance (%)

Table view | Chart view

Description	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Rate of return	4.5	-8.9	15.3	-1.5	12.0	-4.4	4.4	12.9	-6.7	—

Value of $10,000 investment

Disclaimers

Portfolio as of March 28, 2024

Asset mix

Equity sector allocation

Equity

57.7%

Canadian Equities

40.3%

U.S. Equities

12.6%

Income Trusts

4.5%

Preferred Equities

0.3%

Fixed Income

35.2%

Canadian High Yield Corporate Bonds

18.4%

U.S. Investment Grade Corporate Bonds

3.6%

Investment Fund(s) - Fixed Income

3.2%

U.S. High Yield Corporate Bonds

3.0%

Canadian Investment Grade Corporate Bonds

2.5%

Canadian Government Bonds

2.4%

U.S. Government Bonds

2.1%

Other

0.0%

Cash and other

7.1%

Cash and Other Net Assets

7.1%

Financials

15.3%

Industrials

13.4%

Utilities

5.7%

Information Technology

4.6%

Energy

4.0%

Communication Services

4.0%

Consumer Staples

3.6%

Real Estate

3.2%

Consumer Discretionary

2.4%

Materials

1.4%

Geographic allocation

Canada

70.4%

United States

27.8%

Other

0.5%

Total number of investments

264

Fixed income

191

Equity

Portfolio characteristics

Portfolio yield

4.3%

Average coupon

5.4%

Modified duration

3.0 yrs

Average term

8.2 yrs

Average credit quality

BBB

Credit rating

AAA

4.4%

0.1%

0.8%

BBB

5.8%

16.7%

3.2%

CCC

0.1%

Pfd-3

0.3%

5.7%

0.2%

Not Rated

0.9%

Top holdings

Top 25 holdings

Equity

Royal Bank of Canada

3.3%

The Toronto-Dominion Bank

2.8%

Loblaw Cos. Ltd.

2.6%

Waste Connections Inc.

2.4%

Stantec Inc.

2.4%

Canadian Pacific Kansas City Ltd.

2.1%

JPMorgan Chase & Co.

2.0%

Fortis Inc.

1.9%

Brookfield Corp.

1.9%

CGI Inc.

1.7%

Total allocation

23.1%

Fixed income

iShares iBoxx $ Investment Grade Corporate Bond ETF

2.2%

Government of United States, 4.125%, 2032-11-15

2.1%

Government of Canada, 2.500%, 2032-12-01

1.6%

PACCAR Financial Services Ltd., 5.601%, 2024-04-26

1.5%

KeHE Distributors LLC / KeHE Finance Corp. / NextWave Distribution Inc., 9.000%, 2029-02-15

1.0%

SNC-Lavalin Group Inc., 3.800%, 2024-08-19

0.9%

Videotron Ltd., 5.750%, 2026-01-15

0.9%

iShares iBoxx $ High Yield Corporate Bond ETF

0.8%

Russel Metals Inc., 6.000%, 2026-03-16

0.8%

Air Canada, 4.625%, 2029-08-15

0.8%

Total allocation

12.6%

Royal Bank of Canada

3.3%

The Toronto-Dominion Bank

2.8%

Loblaw Cos. Ltd.

2.6%

Waste Connections Inc.

2.4%

Stantec Inc.

2.4%

iShares iBoxx $ Investment Grade Corporate Bond ETF

2.2%

Canadian Pacific Kansas City Ltd.

2.1%

Government of United States, 4.125%, 2032-11-15

2.1%

JPMorgan Chase & Co.

2.0%

Fortis Inc.

1.9%

Brookfield Corp.

1.9%

CGI Inc.

1.7%

Manulife Financial Corp.

1.6%

Government of Canada, 2.500%, 2032-12-01

1.6%

Microsoft Corp.

1.6%

Air Canada

1.5%

PACCAR Financial Services Ltd., 5.601%, 2024-04-26

1.4%

Norfolk Southern Corp.

1.3%

Brookfield Infrastructure Partners LP

1.3%

Superior Plus Corp.

1.3%

TELUS Corp.

1.3%

The Bank of Nova Scotia

1.3%

Cash and Net Other Assets

1.2%

Magna International Inc.

1.2%

Alphabet Inc.

1.2%

Disclaimers

Cash is included in the average credit quality.

The credit quality of debt instruments of the Fund through direct holdings and/or underlying funds. Credit ratings are obtained from DBRS, Standard & Poor's or Moody's. DBRS rating or equivalent is presented.

Cash and cash equivalents are excluded.

Excludes applicable sector allocations of investment funds not managed by IA Clarington Investments Inc.

Excludes cash and other net assets and applicable investment funds not managed by IA Clarington Investments Inc.

Information presented is of the underlying mutual fund

Distributions as of March 28, 2024

Recent distributions

Payment date	Frequency	$/unit or share
Mar. 28, 2024	Monthly, variable	0.01244
Feb. 29, 2024	Monthly, variable	0.00792
Jan. 31, 2024	Monthly, variable	0.08844
Dec. 31, 2023	Monthly, variable	0.01274
Oct. 31, 2023	Monthly, variable	-0.00660
Sep. 30, 2023	Monthly, variable	0.00703
Aug. 31, 2023	Monthly, variable	-0.00759
Jul. 31, 2023	Monthly, variable	0.00084
Jun. 30, 2023	Monthly, variable	-0.00208
May. 31, 2023	Monthly, variable	-0.00293
Apr. 30, 2023	Monthly, variable	0.00429

Disclaimers

Historical

Historical prices

Start NAV:

End NAV:

Min. NAV:

Max. NAV:

Download Chart

Download NAVs

Disclaimers

Documents

Regulatory documents

Fund Facts

GIF Annual Financial Report

GIF Semi-Annual Financial Report

Support materials

2024 Market Outlook - Dan Bastasic

Dan Bastasic Investment Philosophy

Fund Profile - Series Guarantee A

Investor Brochure

Market Insights - Dan Bastasic

Webcasts, podcasts and conference calls - Dan Bastasic

Other

Disclaimers

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Series I

For institutional investors only. Not available for individual investors.

Series V

For institutional investors only. Not available for individual investors.

Series O

For institutional investors only. Not available for individual investors.

Series A

Front-end, low-load and deferred sales commission options (depending on Fund).

Series B

Available to investors in a front-end purchase option.

Series B5

Available to investors in a front-end purchase option. This is a payout series for investors seeking regular monthly distributions.

Series E

Elite Pricing front-end series for qualifying investors.

Series E4

Elite Pricing front-end series for qualifying investors seeking regular monthly distributions.

Series E5

Elite Pricing front-end series for qualifying investors seeking regular monthly distributions.

Series E6

Elite Pricing front-end series for qualifying investors seeking regular monthly distributions.

Series E8

Elite Pricing front-end series for qualifying investors seeking regular monthly distributions.

Series EF

Elite Pricing fee-based series for qualifying investors participating in a fee-based program through their dealer. This series is closed to new investors.

Series EF4

Elite Pricing fee-based series for qualifying investors participating in a fee-based program through their dealer. This is a payout series for investors seeking regular monthly distributions; it is closed to new investors.

Series EF5

Series EF6

Series EFX

Elite Pricing fee-based series for qualifying investors participating in a fee-based program through their dealer. This series is closed to new investors.

Series EFX6

Series ETF

TSX-listed ETF series.

Series EX

Elite Pricing front-end series for qualifying investors. This series is closed to new investors.

Series EX5

Elite Pricing front-end series for qualifying investors. This is a payout series for investors seeking regular monthly distributions; it is closed to new investors.

Series EX6

Elite Pricing front-end series for qualifying investors. This is a payout series for investors seeking regular monthly distributions; it is closed to new investors.

Series F

Fee-based series for investors participating in a fee-based program through their dealer.

Series F10