Socially responsible investing

IA Clarington Inhance Bond SRI Fund

Socially responsible investing

Fund series navigation	Fund series information
Fund series navigation	Series B

NAV

as of

Fund code(s)

$CDN Series B

$CDN	FE
Series B	6400

Distribution frequency

Monthly, variable

MER

as of September 30, 2023

1.43%

Risk tolerance

Performance start date

December 29, 2016

Fund assets

as of March 28, 2024

$690.4 million

Fund Facts

Fund Profile

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 socially 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)

Jeffrey Lew
CFA
Vancity Investment Management Ltd.
Read Jeffrey Lew's bio

Wes Dearborn
CFA
Vancity Investment Management Ltd.
Read Wes Dearborn's bio

Jeffrey Adams
CFA, CIM, RIS
Vancity Investment Management Ltd.
Read Jeffrey Adams's bio

Monthly commentary

Quarterly commentary

Quarterly Commentary - Inhance Bond SRI Fund

Disclaimers

Performance as of March 28, 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	0.5	-1.0	-1.0	1.6	-2.5	-0.6	—	0.2

Calendar year performance (%)

Table view | Chart view

Description	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Rate of return	5.7	-12.9	-3.3	7.9	5.4	-0.3	1.3	—	—	—

Value of $10,000 investment

Disclaimers

Portfolio as of March 28, 2024

Asset mix

Equity

5.0%

Preferred Equities

5.0%

Fixed Income

94.0%

Canadian Investment Grade Corporate Bonds

36.3%

Canadian Provincial and Municipal Bonds

28.6%

Canadian Government Bonds

19.3%

U.S. Government Bonds

2.5%

Canadian Government Agencies Bonds

2.2%

Foreign Government Agencies Bonds

1.5%

Asset-Backed Securities

1.3%

Other

1.2%

Canadian High Yield Corporate Bonds

1.1%

Cash and other

1.0%

Cash and Other Net Assets

1.0%

Geographic allocation

Canada

93.7%

United States

3.7%

International

1.6%

Total number of investments

121

Fixed income

Equity

Portfolio characteristics

Portfolio yield

4.6%

Average coupon

3.5%

Modified duration

7.1 yrs

Average term

10.6 yrs

Average credit quality

Credit rating

AAA

27.8%

47.0%

10.1%

BBB

7.9%

1.1%

Pfd-2

4.6%

Pfd-3

0.4%

Top holdings

Top 25 holdings

Fixed income

Government of Canada, 1.500%, 2031-12-01

5.8%

Government of Canada, 0.500%, 2030-12-01

3.9%

Province of Ontario, 3.500%, 2043-06-02

3.8%

Canada Housing Trust No 1, 1.750%, 2030-06-15

3.6%

Province of British Columbia, 3.200%, 2044-06-18

2.8%

Province of Ontario, 2.900%, 2046-12-02

2.6%

Province of Ontario, 4.050%, 2032-02-02

2.5%

Government of United States, 2.500%, 2046-02-15

2.5%

Province of Ontario, 3.450%, 2045-06-02

2.2%

Fédération des caisses Desjardins du Québec, 5.035%, 2032-08-23

1.8%

Total allocation

31.5%

Top issuers

Province of Ontario

14.9%

Government of Canada

14.6%

Province of British Columbia

6.4%

Province of Quebec

4.9%

Canada Housing Trust No 1

4.7%

National Bank of Canada

4.3%

Canadian Imperial Bank of Commerce

4.1%

The Toronto-Dominion Bank

3.5%

Government of United States

3.0%

The Bank of Nova Scotia

2.9%

Total allocation

63.3%

Government of Canada, 1.500%, 2031-12-01

5.8%

Government of Canada, 0.500%, 2030-12-01

3.9%

Province of Ontario, 3.500%, 2043-06-02

3.8%

Canada Housing Trust No 1, 1.750%, 2030-06-15

3.6%

Province of British Columbia, 3.200%, 2044-06-18

2.8%

Province of Ontario, 2.900%, 2046-12-02

2.6%

Province of Ontario, 4.050%, 2032-02-02

2.5%

Government of United States, 2.500%, 2046-02-15

2.5%

Province of Ontario, 3.450%, 2045-06-02

2.2%

Fédération des caisses Desjardins du Québec, 5.035%, 2032-08-23

1.8%

National Bank of Canada, 4.968%, 2026-12-07

1.7%

Government of Canada, 2.250%, 2029-12-01

1.7%

Province of Ontario, 4.700%, 2037-06-02

1.6%

Province of British Columbia, 2.800%, 2048-06-18

1.4%

Bell Canada, 2.200%, 2028-05-29

1.4%

Province of Quebec, 5.000%, 2038-12-01

1.4%

Government of Canada, 2.750%, 2055-12-01

1.3%

The Toronto-Dominion Bank, 5.376%, 2027-10-21

1.3%

Canadian Imperial Bank of Commerce, 5.935%, 2026-07-14

1.3%

Province of Ontario, 1.550%, 2029-11-01

1.2%

Province of Quebec, 3.650%, 2032-05-20

1.2%

PSP Capital Inc., 2.600%, 2032-03-01

1.2%

Province of British Columbia, 4.700%, 2037-06-18

1.1%

Province of Quebec, 3.900%, 2032-11-22

1.1%

Province of British Columbia, 4.950%, 2040-06-18

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 28, 2024

Recent distributions

Payment date	Frequency	$/unit or share
Mar. 28, 2024	Monthly, variable	0.01551
Feb. 29, 2024	Monthly, variable	0.01721
Jan. 31, 2024	Monthly, variable	0.01888
Dec. 31, 2023	Monthly, variable	0.01500
Nov. 30, 2023	Monthly, variable	0.02054
Oct. 31, 2023	Monthly, variable	0.01495
Sep. 30, 2023	Monthly, variable	0.01522
Aug. 31, 2023	Monthly, variable	0.01806
Jul. 31, 2023	Monthly, variable	0.01569
Jun. 30, 2023	Monthly, variable	0.01560
May. 31, 2023	Monthly, variable	0.01312
Apr. 30, 2023	Monthly, variable	0.01833

Distribution tax factors

Description	2023	2022	2021	2020	2019	2018	2017
Canadian eligible dividends ($/unit or share)	$0.011	$0.010	$0.007	$0.018	$0.025	$0.020	$0.010
Foreign income ($/unit or share)	$0.004	$0.004	$0.002	$0.005	$0.007	$0.005	$0.003
Capital gain ($/unit or share)	—	—	$0.007	$0.138	—	—	$0.007
Other income ($/unit or share)	$0.174	$0.122	$0.066	$0.114	$0.134	$0.128	$0.098
Return of capital ($/unit or share)	—	—	$0.039	—	—	—	—
Total distribution ($/unit or share)	$0.189	$0.136	$0.121	$0.275	$0.166	$0.153	$0.118
NAV Dec. 31 ($/unit or share)	$9.09	$8.79	$10.24	$10.72	$10.19	$9.83	$10.02

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:

Download Chart

Download NAVs

Disclaimers

Documents

Regulatory documents

Financial Statement - Annual

Financial Statement - Semi-Annual

Fund Facts - Series B

MRFP - Annual

MRFP - Semi-Annual

Top 25 Holdings - Summary of investment portfolio

Support materials

2024 Market Outlook - Vancity

Dialogue to Action

Dialogue to Action – Highlights

Fund Profile - Series B

How to spot a true SRI fund

Inhance climate change brochure

Inhance Fossil Fuel Free Brochure

Inhance funds performance - Series A

Inhance SRI funds advisor brochure

Inhance SRI funds investor brochure

Perspectives by VCIM

Other

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

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 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