Canadian balanced

IA Clarington Monthly Income Balanced GIF

Canadian balanced

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 8100 Closed	IAC 8101 Closed

Distribution frequency

Monthly, variable

MER

as of December 31, 2023

3.51%

Risk tolerance

Performance start date

May 11, 2016

Fund assets

as of October 31, 2024

$9.8 million

Fund Facts

Fund Profile

Investment goal

The Fund’s objective is to provide a consistent stream of income. The Fund will seek to achieve such objective by investing in fixed income and equity securities, while maintaining some potential for capital growth.

Key reasons to invest

Income-oriented balanced fund that provides broad diversification that can be optimized for greater total return potential in varying market environments

Economics driven active asset allocation that combines expertise and flexibility to capitalize on opportunities

Active currency management

Portfolio manager(s)

Sébastien Mc Mahon
MA, PRM, CFA
iA Global Asset Management Inc.
Read Sébastien Mc Mahon's bio

Tej Rai
iA Global Asset Management Inc.
Read Tej Rai's bio

Monthly commentary

Quarterly commentary

Disclaimers

Performance as of October 31, 2024

Fund performance (%)

Table view | Chart view

Description	1-month	3-month	YTD	1-year	3-year	5-year	10-year	Since PSD
Rate of return	0.3	2.7	12.2	21.3	3.0	5.0	—	3.9

Calendar year performance (%)

Table view | Chart view

Description	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Rate of return	6.6	-9.9	12.7	2.1	13.1	-8.0	3.7	—	—	—

Value of $10,000 investment

Disclaimers

Portfolio as of October 31, 2024

Asset mix

Equity sector allocation

Equity

72.2%

Canadian Equities

43.0%

U.S. Equities

18.2%

Investment Fund(s) - Equity

6.1%

Foreign Equities

3.8%

Income Trusts

1.0%

Preferred Equities

0.1%

Fixed Income

26.9%

Treasury Bills

6.8%

Canadian Investment Grade Corporate Bonds

5.8%

Canadian Provincial and Municipal Bonds

3.6%

Investment Fund(s) - Fixed Income

3.3%

Canadian Government Bonds

3.0%

Other

2.1%

U.S. Investment Grade Corporate Bonds

1.2%

Canadian High Yield Corporate Bonds

1.1%

Cash and other

0.9%

Cash and Other Net Assets

0.8%

Futures

0.1%

Options

0.0%

Financials

19.0%

Industrials

8.8%

Energy

8.7%

Information Technology

7.6%

Materials

5.9%

Consumer Discretionary

3.9%

Communication Services

3.5%

Consumer Staples

2.8%

Utilities

2.7%

Health Care

2.3%

Real Estate

0.8%

Geographic allocation

Canada

65.1%

United States

25.6%

International

4.0%

Europe

2.5%

Other

2.0%

Total number of investments

1932

Fixed income

962

Equity

970

Portfolio characteristics

Portfolio yield

3.0%

Average coupon

4.3%

Modified duration

4.6 yrs

Average term

8.4 yrs

Average credit quality

Credit rating

AAA

3.8%

2.8%

4.6%

BBB

4.0%

1.0%

0.2%

7.0%

Not Rated

0.4%

Top holdings

Top 25 holdings

Equity

iShares Core MSCI EAFE ETF

3.9%

Royal Bank of Canada

3.4%

The Toronto-Dominion Bank

2.4%

Enbridge Inc.

2.1%

Canadian Natural Resources Ltd.

2.0%

Invesco S&P 500 Equal Weight ETF

1.6%

Agnico Eagle Mines Ltd.

1.5%

Canadian Pacific Kansas City Ltd.

1.5%

Brookfield Asset Management Ltd.

1.4%

Waste Connections Inc.

1.4%

Total allocation

21.2%

Fixed income

Government of Canada, Treasury Bill, 3.493%, 2025-01-15

3.2%

iShares iBoxx $ High Yield Corporate Bond ETF

2.1%

Government of Canada, Treasury Bill, 3.553%, 2024-11-21

2.0%

Government of Canada, 3.250%, 2034-12-01

1.2%

Government of Canada, 3.500%, 2029-09-01

0.8%

Government of Canada, Treasury Bill, 3.535%, 2025-01-03

0.7%

Vanguard Short-Term Corporate Bond ETF

0.7%

Province of Quebec, 4.450%, 2034-09-01

0.5%

Government of Canada, Treasury Bill, 3.584%, 2024-12-05

0.5%

Government of Canada, 2.000%, 2032-06-01

0.4%

Total allocation

12.1%

iShares Core MSCI EAFE ETF

3.9%

Royal Bank of Canada

3.4%

Government of Canada, Treasury Bill, 3.493%, 2025-01-15

3.2%

The Toronto-Dominion Bank

2.4%

Enbridge Inc.

2.1%

iShares iBoxx $ High Yield Corporate Bond ETF

2.1%

Government of Canada, Treasury Bill, 3.553%, 2024-11-21

2.0%

Canadian Natural Resources Ltd.

2.0%

Invesco S&P 500 Equal Weight ETF

1.6%

Agnico Eagle Mines Ltd.

1.5%

Canadian Pacific Kansas City Ltd.

1.5%

Brookfield Asset Management Ltd.

1.4%

Waste Connections Inc.

1.4%

Constellation Software Inc.

1.3%

Canadian National Railway Co.

1.3%

Manulife Financial Corp.

1.2%

Government of Canada, 3.250%, 2034-12-01

1.2%

Shopify Inc.

1.2%

Brookfield Corp.

1.1%

Suncor Energy Inc.

1.1%

Amazon.com Inc.

1.0%

TC Energy Corp.

0.9%

Intact Financial Corp.

0.9%

Microsoft Corp.

0.9%

Government of Canada, 3.500%, 2029-09-01

0.8%

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 October 31, 2024

Recent distributions

Payment date	Frequency	$/unit or share
Oct. 31, 2024	Monthly, variable	0.09250
Sep. 30, 2024	Monthly, variable	0.06751
Aug. 31, 2024	Monthly, variable	0.03871
Jul. 31, 2024	Monthly, variable	0.03172
Jun. 30, 2024	Monthly, variable	0.20316
May. 31, 2024	Monthly, variable	0.07965
Mar. 31, 2024	Monthly, variable	0.03379
Feb. 29, 2024	Monthly, variable	0.01987
Jan. 31, 2024	Monthly, variable	0.14824
Dec. 31, 2023	Monthly, variable	0.01255
Nov. 30, 2023	Monthly, variable	0.01299

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 - Sébastien Mc Mahon and Tej Rai

2024 Mid-Year Review - Sébastien Mc Mahon and Tej Rai

Fund Profile - Series Guarantee A

Monthly Income Balanced Fund overview

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 DA

Front-end series for lump-sum investments into the Dollar-Cost Averaging Service.

Series DF

Fee-based series for lump-sum investments into the Dollar-Cost Averaging Service.

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