Diversified income

IA Clarington Strategic Income Fund

Diversified income

Fund series navigation	Fund series information
Fund series navigation	Series Y

Series Y

This series is only available to certain investors in connection with mutual fund reorganizations or other changes and are not otherwise available for purchase.

NAV

as of

Fund code(s)

$CDN Series Y

$CDN	FE	LL	DSC
Series Y	420	960 Closed	421 Closed

Distribution frequency

Monthly, fixed

MER

as of September 30, 2024

2.32%

Risk tolerance

Inception date

December 18, 1996

Fund assets

as of November 30, 2024

$2.7 billion

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

Quarterly Commentary - Strategic Income Fund

Disclaimers

Performance as of November 30, 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	3.0	4.7	12.9	17.6	4.4	5.0	4.4	5.0

Calendar year performance (%)

Table view | Chart view

Description	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Rate of return	5.6	-7.9	16.5	-0.5	13.1	-3.4	5.5	13.9	-5.8	7.6

Value of $10,000 investment

Disclaimers

Portfolio as of November 30, 2024

Asset mix

Equity sector allocation

Equity

56.7%

Canadian Equities

37.3%

U.S. Equities

15.1%

Income Trusts

3.9%

Preferred Equities

0.4%

Fixed Income

37.7%

Canadian High Yield Corporate Bonds

15.6%

U.S. Government Bonds

7.2%

Canadian Investment Grade Corporate Bonds

4.9%

Investment Fund(s) - Fixed Income

3.2%

U.S. Investment Grade Corporate Bonds

2.8%

U.S. High Yield Corporate Bonds

2.7%

Canadian Government Bonds

1.3%

Other

0.0%

Cash and other

5.6%

Cash and Other Net Assets

5.6%

Financials

14.9%

Industrials

11.7%

Utilities

7.2%

Consumer Staples

4.5%

Energy

4.5%

Communication Services

3.4%

Real Estate

2.9%

Information Technology

2.9%

Consumer Discretionary

1.9%

Health Care

1.4%

Materials

1.2%

Geographic allocation

Canada

68.8%

United States

31.0%

Total number of investments

260

Fixed income

191

Equity

Portfolio characteristics

Portfolio yield

3.8%

Average coupon

5.5%

Modified duration

3.5 yrs

Average term

9.6 yrs

Average credit quality

BBB

Credit rating

AAA

8.4%

2.1%

BBB

5.6%

13.5%

3.6%

CCC

0.3%

Pfd-2

0.2%

Pfd-3

0.2%

5.4%

Not Rated

0.9%

Top holdings

Top 25 holdings

Equity

Royal Bank of Canada

2.8%

Loblaw Cos. Ltd.

2.7%

Waste Connections Inc.

2.6%

Stantec Inc.

2.5%

The Toronto-Dominion Bank

2.4%

Fortis Inc.

2.2%

Canadian Pacific Kansas City Ltd.

1.9%

Brookfield Corp.

1.8%

Visa Inc.

1.8%

CGI Inc.

1.8%

Total allocation

22.5%

Fixed income

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

5.9%

iShares iBoxx $ Investment Grade Corporate Bond ETF

2.9%

Government of United States, 3.875%, 2034-08-15

1.3%

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

1.3%

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

1.2%

Brookfield Corp., 4.918%, 2024-12-02

0.9%

Enbridge Inc., 3.961%, 2024-12-18

0.9%

goeasy Ltd., 7.625%, 2029-07-01

0.8%

Air Canada, 4.625%, 2029-08-15

0.8%

Enbridge Inc., 3.844%, 2024-12-02

0.8%

Total allocation

16.8%

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

5.9%

iShares iBoxx $ Investment Grade Corporate Bond ETF

2.9%

Royal Bank of Canada

2.8%

Loblaw Cos. Ltd.

2.7%

Waste Connections Inc.

2.6%

Stantec Inc.

2.5%

The Toronto-Dominion Bank

2.4%

Fortis Inc.

2.2%

Canadian Pacific Kansas City Ltd.

1.9%

Brookfield Corp.

1.8%

Visa Inc.

1.8%

CGI Inc.

1.8%

Manulife Financial Corp.

1.6%

CMS Energy Corp.

1.5%

AtkinsRéalis Group Inc.

1.5%

JPMorgan Chase & Co.

1.5%

Carrier Global Corp.

1.4%

TELUS Corp.

1.4%

Johnson & Johnson

1.3%

Alphabet Inc.

1.3%

Enbridge Inc.

1.3%

Government of United States, 3.875%, 2034-08-15

1.3%

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

1.3%

Metro Inc.

1.2%

The Southern Co.

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.

Distributions as of November 30, 2024

Recent distributions

Payment date	Frequency	$/unit or share
Oct. 31, 2024	Monthly, fixed	0.02300
Sep. 30, 2024	Monthly, fixed	0.02300
Aug. 31, 2024	Monthly, fixed	0.02300
Jul. 31, 2024	Monthly, fixed	0.02300
Jun. 30, 2024	Monthly, fixed	0.02300
May. 31, 2024	Monthly, fixed	0.02300
Apr. 30, 2024	Monthly, fixed	0.02300
Mar. 31, 2024	Monthly, fixed	0.02300
Feb. 29, 2024	Monthly, fixed	0.02300
Jan. 31, 2024	Monthly, fixed	0.02300
Dec. 31, 2023	Monthly, fixed	0.04258

Distribution tax factors

Description	2023	2022	2021	2020	2019	2018	2017	2016
Canadian eligible dividends ($/unit or share)	$0.023	$0.022	$0.027	$0.034	$0.065	$0.037	$0.030	$0.038
Foreign income ($/unit or share)	$0.018	$0.010	$0.007	$0.023	$0.039	$0.023	$0.022	$0.044
Capital gain ($/unit or share)	$0.020	$0.001	$0.117	$0.118	—	—	—	—
Other income ($/unit or share)	$0.005	$0.002	—	$0.007	$0.017	—	$0.001	$0.012
Return of capital ($/unit or share)	$0.229	$0.243	$0.143	$0.198	$0.211	$0.264	$0.271	$0.229
Total distribution ($/unit or share)	$0.295	$0.278	$0.294	$0.380	$0.332	$0.324	$0.324	$0.323
NAV Dec. 31 ($/unit or share)	$3.08	$3.21	$3.77	$3.51	$3.93	$3.78	$4.24	$4.33

Disclaimers

Distribution data may not be shown for years in which the distribution amount was immaterial. For funds with a track record of less than 12 months, distribution data cannot be shown.

The distribution information presented is based on the calendar year-end, and is indicated in dollar per unit or share.

Historical

Historical prices

Start NAV:

End NAV:

Min. NAV:

Max. NAV:

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Disclaimers

Documents

Regulatory documents

Financial Statement - Annual

Financial Statement - Semi-Annual

Fund Facts - Series Y

MRFP - Annual

MRFP - Semi-Annual

Top 25 Holdings - Summary of investment portfolio

Support materials

2024 Mid-Year Review - Dan Bastasic

2025 Market Outlook - Dan Bastasic

Dan Bastasic Investment Philosophy

Fund Profile - Series Y

Investor Brochure

Market Insights - Dan Bastasic

Strategic Income Fund overview

Strategic Income Fund Performance overview

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 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