Socially responsible investing

IA Clarington Inhance Bond SRI Fund

Socially responsible investing

Fund series navigation	Fund series information
Fund series navigation	Series F

Series F

NAV

as of

Fund code(s)

$CDN Series F

$CDN	FB
Series F	6402

Distribution frequency

Monthly, variable

MER

as of September 30, 2024

0.90%

Risk tolerance

Performance start date

December 29, 2016

Fund assets

as of November 30, 2024

$674.3 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 November 30, 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	1.6	2.3	5.2	9.0	-0.2	0.5	—	1.4

Calendar year performance (%)

Table view | Chart view

Description	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Rate of return	6.3	-12.5	-2.7	8.5	6.0	0.2	1.9	—	—	—

Value of $10,000 investment

Disclaimers

Portfolio as of November 30, 2024

Asset mix

Equity

3.0%

Preferred Equities

3.0%

Fixed Income

95.6%

Canadian Investment Grade Corporate Bonds

37.0%

Canadian Provincial and Municipal Bonds

31.7%

Canadian Government Bonds

17.0%

U.S. Government Bonds

2.6%

Canadian Government Agencies Bonds

2.3%

Asset-Backed Securities

1.8%

Foreign Government Agencies Bonds

1.6%

Other

1.6%

Cash and other

1.4%

Cash and Other Net Assets

1.4%

Geographic allocation

Canada

93.4%

United States

3.6%

International

1.6%

Total number of investments

111

Fixed income

Equity

Portfolio characteristics

Portfolio yield

3.9%

Average coupon

3.7%

Modified duration

7.3 yrs

Average term

10.7 yrs

Average credit quality

Credit rating

AAA

26.6%

46.9%

9.7%

BBB

11.9%

0.7%

Pfd-2

2.5%

Pfd-3

0.4%

Top holdings

Top 25 holdings

Fixed income

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

4.1%

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

4.1%

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

3.7%

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

3.6%

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

3.0%

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

2.7%

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

2.6%

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

2.3%

Province of Quebec, 3.500%, 2048-12-01

2.2%

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

1.9%

Total allocation

30.2%

Top issuers

Province of Ontario

15.1%

Government of Canada

11.2%

Province of Quebec

6.9%

Province of British Columbia

6.9%

Canada Housing Trust No 1

5.8%

The Toronto-Dominion Bank

4.1%

National Bank of Canada

4.1%

Fédération des caisses Desjardins du Québec

3.5%

Government of United States

3.2%

Canadian Imperial Bank of Commerce

3.0%

Total allocation

63.8%

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

4.1%

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

4.1%

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

3.7%

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

3.6%

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

3.0%

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

2.7%

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

2.6%

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

2.3%

Province of Quebec, 3.500%, 2048-12-01

2.2%

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

1.9%

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

1.8%

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

1.8%

Government of Canada, 2.000%, 2051-12-01

1.5%

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

1.5%

Bell Canada, 2.200%, 2028-05-29

1.5%

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

1.4%

Cash and Net Other Assets

1.4%

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

1.3%

The Bank of Nova Scotia, 4.680%, 2029-02-01

1.3%

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

1.3%

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

1.3%

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

1.3%

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

1.2%

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

1.2%

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

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 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, variable	0.02477
Sep. 30, 2024	Monthly, variable	0.01872
Aug. 31, 2024	Monthly, variable	0.02202
Jul. 31, 2024	Monthly, variable	0.02403
Jun. 30, 2024	Monthly, variable	0.01931
May. 31, 2024	Monthly, variable	0.02171
Apr. 30, 2024	Monthly, variable	0.02355
Mar. 31, 2024	Monthly, variable	0.01941
Feb. 29, 2024	Monthly, variable	0.02155
Jan. 31, 2024	Monthly, variable	0.02276
Dec. 31, 2023	Monthly, variable	0.01909

Distribution tax factors

Description	2023	2022	2021	2020	2019	2018	2017
Canadian eligible dividends ($/unit or share)	$0.014	$0.014	$0.016	$0.026	$0.032	$0.026	$0.012
Foreign income ($/unit or share)	$0.005	$0.005	$0.005	$0.008	$0.009	$0.006	$0.003
Capital gain ($/unit or share)	—	—	$0.006	$0.169	—	—	$0.004
Other income ($/unit or share)	$0.213	$0.163	$0.140	$0.164	$0.175	$0.167	$0.121
Return of capital ($/unit or share)	—	—	—	—	—	—	—
Total distribution ($/unit or share)	$0.232	$0.182	$0.167	$0.367	$0.216	$0.199	$0.140
NAV Dec. 31 ($/unit or share)	$9.14	$8.82	$10.28	$10.74	$10.24	$9.87	$10.05

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 F

MRFP - Annual

MRFP - Semi-Annual

Top 25 Holdings - Summary of investment portfolio

Support materials

2024 Mid-Year Review - Vancity

2025 Market Outlook - Vancity

Dialogue to Action

Dialogue to Action – Highlights

Fund Profile - Series F

How to spot a true SRI fund

Inhance climate change brochure

Inhance Fossil Fuel Free Brochure

Inhance funds performance - Series A

Inhance funds performance - Series F

Inhance SRI funds advisor brochure

Inhance SRI funds investor brochure

Perspectives by VCIM

Strategy Overview (For Advisors)

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