Socially responsible investing

IA Clarington Inhance Bond SRI Fund

Fund information page

Socially responsible investing
Fund series navigation Fund series information
Series B
as of
as of
$CDN Series B
$CDN FE
Series B 6400
Monthly, variable
as of September 30, 2020
1.41%
Low
December 30, 2016
as of March 31, 2021
$528.6 million

Investment goal

The Fund seeks to preserve capital and generate income with the potential for capital appreciation by investing primarily in government and corporate issuers which meet the portfolio manager’s responsible investment principles.

Key reasons to invest

Core plus fixed income solution for investors who want to invest responsibly in the pursuit of their financial goals.

Invests primarily in a diversified selection of government and corporate debt securities as well as preferred shares, striving for a balance of capital preservation, income generation and risk management.

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 Lew, CFA, Vancity Investment Management Ltd. Jeffrey Lew
CFA
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 Adams, CFA, CIM, RIS, Vancity Investment Management Ltd. Jeffrey Adams
CFA, CIM, RIS
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
inception
Rate of
return
-1.4 -4.9 -4.9 2.5 2.6 2.1

Calendar year performance (%)

2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Rate of
return
7.9 5.4 -0.3 1.3

Value of $10,000 investment

Disclaimers

Portfolio as of March 31, 2021

Asset mix

Description Value
Canadian Provincial and Municipal Bonds 30.0%
Canadian Government Bonds 28.2%
Canadian Investment Grade Corporate Bonds 27.7%
Preferred Equities 5.4%
Cash and Other Net Assets 2.2%
U.S. Investment Grade Corporate Bonds 1.5%
Canadian Government Agencies Bonds 1.4%
Foreign Government Agencies Bonds 1.3%
Foreign Investment Grade Corporate Bonds 0.8%
U.S. Real Return Bonds 0.6%
Foreign Government Bonds 0.4%
Asset-Backed Securities 0.2%
Canadian High Yield Corporate Bonds 0.2%

Geographic allocation

Description Value
Canada 93.2%
International 2.5%
North America - Other 2.1%

Total number of investments

167

Description Value
Fixed income 141
Equity 26

Portfolio characteristics

Description Value
Portfolio yield 2.5%
Average coupon 2.7%
Modified duration 8.2 yrs
Average term 10.7 yrs
Average credit quaility AA

Credit rating

Description Value
AAA 36.6%
AA 40.5%
A 10.4%
BBB 6.0%
BB 0.2%
Pfd-2 4.4%
Pfd-3 1.0%

Fixed income

Description Value
Government of Canada, 1.500%, 2026-06-01 3.6%
Canada Housing Trust, 2.900%, 2024-06-15 3.4%
Province of Ontario, 2.700%, 2029-06-02 3.3%
Government of Canada, 0.500%, 2030-12-01 3.1%
Government of Canada, 3.500%, 2045-12-01 2.7%
Canada Housing Trust, 1.800%, 2024-12-15 2.7%
Province of Ontario, 4.700%, 2037-06-02 2.3%
Province of Ontario, 1.850%, 2027-02-01 2.2%
Province of Quebec, 5.000%, 2038-12-01 2.1%
Bank of Nova Scotia, 2.380%, 2023-05-01 2.1%
Total allocation 27.4%

Top issuers

Description Value
Government of Canada 14.7%
Province of Ontario 13.9%
Canada Housing Trust 13.0%
Province of British Columbia 4.1%
Province of Quebec 3.6%
Province of Alberta 2.8%
Canadian Imperial Bank of Commerce 2.4%
Bank of Nova Scotia 2.1%
Royal Bank of Canada 2.0%
Manulife Financial Corp. 1.6%
Total allocation 60.1%
Description Value
Government of Canada, 1.500%, 2026-06-01 3.6%
Canada Housing Trust, 2.900%, 2024-06-15 3.4%
Province of Ontario, 2.700%, 2029-06-02 3.3%
Government of Canada, 0.500%, 2030-12-01 3.1%
Government of Canada, 3.500%, 2045-12-01 2.7%
Canada Housing Trust, 1.800%, 2024-12-15 2.7%
Province of Ontario, 4.700%, 2037-06-02 2.3%
Province of Ontario, 1.850%, 2027-02-01 2.2%
Province of Quebec, 5.000%, 2038-12-01 2.1%
Bank of Nova Scotia, 2.380%, 2023-05-01 2.1%
Province of British Columbia, 4.950%, 2040-06-18 1.8%
Province of British Columbia, 4.700%, 2037-06-18 1.8%
Canada Housing Trust, 1.900%, 2026-09-15 1.7%
Government of Canada, 2.000%, 2051-12-01 1.7%
Canadian Imperial Bank of Commerce, 2.350%, 2024-08-28 1.7%
Caisse centrale Desjardins, 1.093%, 2026-01-21 1.6%
Province of Alberta, 2.050%, 2030-06-01 1.5%
Canada Housing Trust, 2.350%, 2027-06-15 1.5%
Province of Ontario, 3.500%, 2043-06-02 1.4%
Province of Ontario, 2.900%, 2046-12-02 1.3%
Canada Housing Trust, 1.250%, 2026-06-15 1.3%
Cash and Cash Equivalents 1.3%
Royal Bank of Canada, 2.352%, 2024-07-02 1.3%
National Bank of Canada, Fixed - Floating Rate, 1.573%, 2026-08-18 1.2%
Province of Ontario, 5.600%, 2035-06-02 1.1%

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.

Distributions as of March 31, 2021

Recent distributions

Payment date Frequency $/unit or share
Mar. 31, 2021 Monthly, variable 0.009
Feb. 28, 2021 Monthly, variable 0.008
Jan. 31, 2021 Monthly, variable 0.008
Dec. 31, 2020 Monthly, variable 0.150
Nov. 30, 2020 Monthly, variable 0.010
Oct. 31, 2020 Monthly, variable 0.011
Sep. 30, 2020 Monthly, variable 0.010
Aug. 31, 2020 Monthly, variable 0.011
Jul. 31, 2020 Monthly, variable 0.012
Jun. 30, 2020 Monthly, variable 0.010
May. 31, 2020 Monthly, variable 0.012
Apr. 30, 2020 Monthly, variable 0.015

Distribution tax factors

2020 2019 2018 2017
Canadian eligible dividends
($/unit or share)
$0.018 $0.025 $0.020 $0.010
Foreign income
($/unit or share)
$0.005 $0.007 $0.005 $0.003
Capital gain
($/unit or share)
$0.138 $0.007
Other income
($/unit or share)
$0.114 $0.134 $0.128 $0.098
Return of capital
($/unit or share)
Total distribution
($/unit or share)
$0.275 $0.166 $0.153 $0.118
NAV Dec. 31
($/unit or share)
$10.72 $10.19 $9.83 $10.02

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

Quick list

Select up to 25 funds for your personal reference

Compare funds

Select up to 3 funds for quick comparison

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.