Fixed income

IA Clarington Core Plus Bond Fund

Fund information page

Fixed income
Fund series navigation Fund series information
Series ETF
as of
as of
$CDN Series ETF
$CDN
Series ETF ICPB
Monthly, variable
0.50%
Low
October 22, 2018
as of November 30, 2021
$785.8 million

Investment goal

The fund seeks to obtain current income while preserving capital and mitigating the effects of interest rate fluctuations through investments in and exposure to bonds including government bonds, investment grade bonds and high yield bonds, as well as other income-producing securities such as asset-backed securities and senior floating rate loans.

2021 Lipper Award*

Key reasons to invest

Focus on capital preservation through an investment grade portfolio.   

Diversification beyond traditional fixed income strategies. 

Enhanced yield potential from non-investment grade exposure (max 25%) and wide latitude in credit selection.   

Portfolio manager(s)

Manager Photo Manager Details
Jeff Sujitno, HBA, CPA, CIM, Wellington Square Jeff Sujitno
HBA, CPA, CIM
Wellington Square
Read Jeff Sujitno's bio  
Manager Photo Manager Details
Amar Dhanoya, , Wellington Square Advisors Inc. Amar Dhanoya
Wellington Square Advisors Inc.
Read Amar Dhanoya's bio  
Manager Photo Manager Details
Andrew Khazzam, CFA, Wellington Square Advisors Inc. Andrew Khazzam
CFA
Wellington Square Advisors Inc.
Read Andrew Khazzam's bio  
Manager Photo Manager Details
Tracy Zhao, CFA, Wellington Square Advisors Inc. Tracy Zhao
CFA
Wellington Square Advisors Inc.
Read Tracy Zhao's bio  

Disclaimers

Performance as of November 30, 2021

Fund performance (%)

1-month 3-month YTD 1-year 3-year 5-year 10-year Since
inception
Rate of
return
0.1 -0.6 1.6 2.6 4.0 3.9

Calendar year performance (%)

2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Rate of
return
5.1 5.5

Value of $10,000 investment

Disclaimers

Portfolio as of October 31, 2021

Asset mix

Geographic allocation

Total number of investments

253

Portfolio characteristics

Credit rating

Fixed income

Top issuers

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

In the modified duration calculation for the Fund, senior loan (term loans) interest rate payments are reset quarterly, and as a result, all senior loan securities within the Fund are individually assigned a duration of 0.25 years.

The information presented incorporates the applicable characteristics of the underlying mutual fund(s) that the Fund invests in which is the IA Clarington Floating Rate Income Fund and IA Clarington U.S. Dollar Floating Rate Income Fund.

Distributions as of November 30, 2021

Recent distributions

Payment date Frequency $/unit or share
Nov. 30, 2021 Monthly, variable 0.029
Oct. 31, 2021 Monthly, variable 0.027
Sep. 30, 2021 Monthly, variable 0.036
Aug. 31, 2021 Monthly, variable 0.022
Jul. 31, 2021 Monthly, variable 0.027
Jun. 30, 2021 Monthly, variable 0.020
May. 31, 2021 Monthly, variable 0.024
Apr. 30, 2021 Monthly, variable 0.028
Mar. 31, 2021 Monthly, variable 0.026
Feb. 28, 2021 Monthly, variable 0.019
Jan. 31, 2021 Monthly, variable 0.030
Dec. 31, 2020 Monthly, variable 0.025

Distribution tax factors

2020 2019
Canadian eligible dividends
($/unit or share)
$0.015 $0.014
Foreign income
($/unit or share)
$0.144 $0.100
Capital gain
($/unit or share)
$0.032
Other income
($/unit or share)
$0.138 $0.175
Return of capital
($/unit or share)
Total distribution
($/unit or share)
$0.297 $0.321
NAV Dec. 31
($/unit or share)
$10.45 $10.24

There is no calendar year distribution tax factor data for this fund.

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

Disclaimers

Documents

Disclaimers

Wellington Square refers to Wellington Square Capital Partners Inc. (sub-advisor) and Wellington Square Advisors Inc. (sub-sub advisor).

Periodically, specific securities in the Portfolio section may not be disclosed, as disclosure may impair the portfolio manager’s ability to transact the security, which may result in harm for the Fund and its unitholders. These are noted as "Undisclosed".

*IA Clarington Core Plus Bond Fund, Series F was awarded the 2021 Lipper Fund Award in the Canadian Short Term Income classification for the five-year period ending July 31, 2021, out of a total of 148 funds. Performance for the Fund for the period ended October 31, 2021, is as follows: 4.6% (1 year), 4.1% (3 years), 3.0% (5 years), 3.0% (Since June 25, 2014 Series F Inception Date). The corresponding Lipper Leader ratings of the Fund for the same period are as follows: N/A (1 year), 5 (3 years) [278 funds], 5 (5 years) [237 funds], N/A (Since June 25, 2014 Series F Inception Date). Lipper Leaders Ratings are subject to change every month. The Refinitiv Lipper Fund Awards, granted annually, highlights funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The Refinitiv Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The calculations are based on the best performing share class within eligible portfolios amongst eligible share classes. The highest 20% of funds in each category are named Lipper Leaders for Consistent Return and receive a score of 5, the next 20% receive a score of 4, the middle 20% are scored 3, the next 20% are scored 2, and the lowest 20% are scored 1. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification per award universe wins the Lipper Fund Award. For more information, see lipperfundawards.com. Although Refinitiv Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Refinitiv Lipper. Refinitiv Lipper Fund Awards, ©2021 Refinitiv. All rights reserved. Used under license.

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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.