Socially responsible investing

IA Clarington Inhance Monthly Income SRI Fund

Fund information page

Socially responsible investing
Fund series navigation Fund series information
Series T6
as of
as of
$CDN Series T6
$CDN FE LL DSC
Series T6 6000 6002 6001
Monthly, fixed
as of September 30, 2020
2.27%
Low to Medium
December 4, 2009
as of March 31, 2021
$465.8 million

Investment goal

The Fund’s objective is to provide a reasonably consistent level of monthly income by investing primarily in fixed income and high yield equity securities of Canadian issuers which meet the  portfolio manager’s responsible investment principles.

Key reasons to invest

An income-oriented balanced solution for investors who want to invest responsibly in the pursuit of their financial goals.

Asset mix of equities and fixed income securities, broadly diversified across asset classes, geography and sectors.

Benefit from a holistic approach to responsible investing through a fully integrated in-house investment management team. The Environmental, Social and Corporate Governance (ESG) and financial analysis teams work together on a security by security basis for enhanced idea generation and risk management.

Portfolio manager(s)

Manager Photo Manager Details
Jeffrey Adams, CFA, CIM, RIS, Vancity Investment Management Ltd. Jeffrey Adams
CFA, CIM, RIS
Vancity Investment Management Ltd.
Read Jeffrey's bio  
Manager Photo Manager Details
Wes Dearborn, CFA, Vancity Investment Management Ltd. Wes Dearborn
CFA
Vancity Investment Management Ltd.
Read Wes's bio  
Manager Photo Manager Details
Jeffrey Lew, CFA, Vancity Investment Management Ltd. Jeffrey Lew
CFA
Vancity Investment Management Ltd.
Read Jeffrey's bio  

Disclaimers

Performance as of March 31, 2021

Fund performance (%)

1-month 3-month YTD 1-year 3-year 5-year 10-year Since
PSD
Rate of
return
3.1 7.2 7.2 37.9 7.1 6.6 5.6 6.6

Calendar year performance (%)

2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Rate of
return
2.9 15.0 -6.6 6.1 13.1 -3.5 6.5 13.3 7.2 0.9

Value of $10,000 investment

Disclaimers

Portfolio as of March 31, 2021

Description Value
Equity 77.3%
Canadian Equities 36.8%
Income Trusts 25.9%
U.S. Equities 6.4%
Preferred Equities 5.1%
Foreign Equities 3.1%
Fixed Income 18.0
Canadian Investment Grade Corporate Bonds 17.4%
U.S. Investment Grade Corporate Bonds 0.6%
Cash and other 4.8%
Cash and Other Net Assets 4.8%
Description Value
Financials 20.1%
Real Estate 19.1%
Communication Services 8.0%
Utilities 5.7%
Materials 5.6%
Industrials 5.0%
Information Technology 4.7%
Consumer Discretionary 4.1%
Energy 1.9%
Consumer Staples 1.8%
Health Care 1.5%

Geographic allocation

Description Value
Canada 77.3%
United States 14.9%
Europe 3.1%

Total number of investments

94

Description Value
Fixed income 26
Equity 68

Portfolio characteristics

Description Value
Portfolio yield 3.9%
Average coupon 2.4%
Modified duration 3.1 yrs
Average term 3.5 yrs
Average credit quaility AA

Credit rating

Description Value
AAA 6.7%
AA 8.9%
A 3.3%
BBB 4.7%
Pfd-2 4.2%
Pfd-3 0.9%

Equity

Description Value
Labrador Iron Ore Royalty Corp. 2.2%
Magna International Inc. 2.0%
Shaw Communications Inc., Class B 1.9%
Exchange Income Corp. 1.8%
Manulife Financial Corp. 1.8%
Nutrien Ltd. 1.8%
Iron Mountain Inc. 1.7%
Bank of Nova Scotia 1.7%
Mercer International Inc. 1.7%
The Toronto-Dominion Bank 1.7%
Total allocation 18.3%

Fixed income

Description Value
Bank of Nova Scotia, 2.380%, 2023-05-01 1.7%
Canadian Imperial Bank of Commerce, 2.430%, 2023-06-09 1.6%
Canadian Imperial Bank of Commerce, 1.100%, 2026-01-19 1.2%
Toronto-Dominion Bank/The, 1.128%, 2025-12-09 1.1%
RioCan Real Estate Investment Trust, 1.974%, 2026-06-15 1.0%
Glacier Credit Card Trust, 2.280%, 2024-06-06 1.0%
First Capital Realty Inc., 4.323%, 2025-07-31 0.9%
First Capital Realty Inc., 3.950%, 2022-12-05 0.9%
Royal Bank of Canada, 3.296%, 2023-09-26 0.8%
Central 1 Credit Union, 2.584%, 2023-12-06 0.7%
Total allocation 10.9%
Description Value
Cash and Cash Equivalents 5.7%
Labrador Iron Ore Royalty Corp. 2.2%
Magna International Inc. 2.0%
Shaw Communications Inc., Class B 1.9%
Exchange Income Corp. 1.8%
Manulife Financial Corp. 1.8%
Nutrien Ltd. 1.8%
Iron Mountain Inc. 1.7%
Bank of Nova Scotia 1.7%
Mercer International Inc. 1.7%
The Toronto-Dominion Bank 1.7%
The Interpublic group of companies, Inc. 1.7%
Canadian Imperial Bank of Commerce 1.7%
Bank of Nova Scotia, 2.380%, 2023-05-01 1.7%
RioCan Real Estate Investment Trust 1.6%
Seagate Technology LLC 1.6%
Cisco Systems Inc. 1.6%
Russel Metals Inc. 1.6%
WPT Industrial Real Estate Investment Trust 1.6%
IGM Financial Inc. 1.6%
Dream Industrial Real Estate Investment Trust 1.6%
Summit Industrial Income REIT 1.6%
Power Corporation of Canada, SV 1.6%
Canadian Imperial Bank of Commerce, 2.430%, 2023-06-09 1.6%
Royal Bank of Canada 1.6%

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 March 31, 2021

Recent distributions

Payment date Frequency $/unit or share
Mar. 31, 2021 Monthly, fixed 0.050
Feb. 28, 2021 Monthly, fixed 0.050
Jan. 31, 2021 Monthly, fixed 0.050
Dec. 31, 2020 Monthly, fixed 0.137
Nov. 30, 2020 Monthly, fixed 0.050
Oct. 31, 2020 Monthly, fixed 0.050
Sep. 30, 2020 Monthly, fixed 0.050
Aug. 31, 2020 Monthly, fixed 0.050
Jul. 31, 2020 Monthly, fixed 0.050
Jun. 30, 2020 Monthly, fixed 0.050
May. 31, 2020 Monthly, fixed 0.050
Apr. 30, 2020 Monthly, fixed 0.050

Distribution tax factors

2020 2019 2018 2017 2016
Canadian eligible dividends
($/unit or share)
$0.161 $0.167 $0.164 $0.129 $0.176
Foreign income
($/unit or share)
$0.022 $0.007 $0.008
Capital gain
($/unit or share)
$0.087 $0.182 $0.037
Other income
($/unit or share)
Return of capital
($/unit or share)
$0.417 $0.426 $0.428 $0.471 $0.424
Total distribution
($/unit or share)
$0.687 $0.782 $0.637 $0.600 $0.600
NAV Dec. 31
($/unit or share)
$9.98 $10.44 $9.77 $11.12 $11.06

Distribution tax factors is not available for a full calendar year.

Disclaimers

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

Historical

Historical prices

Disclaimers

Documents

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

Available to investors in 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 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

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 EF6

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 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

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 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

Fee-based series for investors participating in a fee-based program through their dealer. This is a payout series for investors seeking regular monthly distributions.

Series F4

Fee-based series for investors participating in a fee-based program through their dealer. This is a payout series for investors seeking regular monthly distributions.

Series F5

Fee-based series for investors participating in a fee-based program through their dealer. This is a payout series for investors seeking regular monthly distributions.

Series F6

Fee-based series for investors participating in a fee-based program through their dealer. This is a payout series for investors seeking regular monthly distributions.

Series F8

Fee-based series for investors participating in a fee-based program through their dealer. This is a payout series for investors seeking regular monthly distributions.

Series FX

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

Series FX5

Fee-based series for 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 FX6

Fee-based series for 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 FX8

Fee-based series for 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 Guarantee A

For investors seeking a guaranteed investment option.

Series Guarantee B

For investors seeking a guaranteed investment option.

Series Guarantee C

For investors seeking a guaranteed investment option.

Series L

Advisor service charge series for investors at offering dealers.

Series L10

Advisor service charge series for investors at offering dealers. This is a payout series for investors seeking regular monthly distributions.

Series L4

Advisor service charge series for investors at offering dealers. This is a payout series for investors seeking regular monthly distributions.

Series L5

Advisor service charge series for investors at offering dealers. This is a payout series for investors seeking regular monthly distributions.

Series L6

Advisor service charge series for investors at offering dealers. This is a payout series for investors seeking regular monthly distributions.

Series L8

Advisor service charge series for investors at offering dealers. This is a payout series for investors seeking regular monthly distributions.

Series LM

Advisor service charge series for qualifying investors at offering dealers.

Series LX

Advisor service charge series for investors at offering dealers. This series is closed to new investors.

Series LX5

Advisor service charge series for investors at offering dealers. This is a payout series for investors seeking regular monthly distributions; it is closed to new investors.

Series M

Available in front-end, low-load and deferred sales commission options for qualifying investors.

Series P

Unbundled fee option for qualifying investors at offering dealers. This series is closed to new investors.

Series P4

Unbundled fee option for qualifying investors at offering dealers. This is a payout series for investors seeking regular monthly distributions; it is closed to new investors.

Series P5

Unbundled fee option for qualifying investors at offering dealers. This is a payout series for investors seeking regular monthly distributions; it is closed to new investors.

Series P6

Unbundled fee option for qualifying investors at offering dealers. This is a payout series for investors seeking regular monthly distributions; it is closed to new investors.

Series T10

Available to investors in front-end, low-load and deferred sales commission options. This is a payout series for investors seeking regular monthly distributions.

Series T4

Available to investors in front-end, low-load and deferred sales commission options. This is a payout series for investors seeking regular monthly distributions.

Series T5

Available to investors in front-end, low-load and deferred sales commission options. This is a payout series for investors seeking regular monthly distributions.

Series T6

Available to investors in front-end, low-load and deferred sales commission options. This is a payout series for investors seeking regular monthly distributions.

Series T8

Available to investors in front-end, low-load and deferred sales commission options. This is a payout series for investors seeking regular monthly distributions.

Series W

Available to investors who participate in qualifying dealer-sponsored fee-based programs.

Series X

Closed to new purchases.

Series X5

Closed to new purchases.

Series Y

Closed to new purchases.