Fixed income

IA Clarington Global Bond Fund

Fund information page

Fixed income
Fund series navigation Fund series information
Series A
as of
as of
$CDN Series A
$CDN FE LL DSC
Series A 7200
Closed
7213
Closed
7212
Closed
Monthly, variable
as of September 30, 2020
1.88%
Low to Medium
October 2, 2017
as of March 31, 2021
$107.4 million

Investment goal

The Fund’s objective is to provide income and the potential for some capital appreciation by investing primarily in fixed-income securities around the world. The Fund will seek to achieve this objective by investing in fixed-income securities of primarily non-Canadian issuers. 

Key reasons to invest

An unconstrained, global fixed-income strategy that will invest across multiple asset classes, sectors, regions, countries and currencies for greater total return potential

Dynamic strategy that will adjust to changing market environments

Managed by PineBridge Investments, the fund leverages deep expertise that spans the total fixed-income spectrum and combines unbiased asset allocation with specialized credit selection

Portfolio manager(s)

Manager Photo Manager Details
Matthew J.  Eagan, MBA, CFA, Loomis, Sayles & Company, L.P. Matthew J. Eagan
MBA, CFA
Loomis, Sayles & Company, L.P.
Read Matthew J. 's bio  
Manager Photo Manager Details
Brian P.  Kennedy, MBA, Loomis, Sayles & Company, L.P. Brian P. Kennedy
MBA
Loomis, Sayles & Company, L.P.
Read Brian P. 's bio  
Manager Photo Manager Details
Elaine M.  Stokes, , Loomis, Sayles & Company, L.P. Elaine M. Stokes
Loomis, Sayles & Company, L.P.
Read Elaine M. '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
0.0 0.3 0.3 19.1 2.1 1.8

Calendar year performance (%)

2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Rate of
return
4.6 5.9 -4.5

Value of $10,000 investment

Disclaimers

Portfolio as of March 31, 2021

Asset mix

Description Value
Foreign Investment Grade Corporate Bonds 21.8%
U.S. Investment Grade Corporate Bonds 20.1%
U.S. High Yield Corporate Bonds 17.7%
Cash and Other Net Assets 10.4%
Foreign High Yield Corporate Bonds 9.0%
Foreign Government Bonds 5.4%
Preferred Equities 4.2%
Asset-Backed Securities 4.0%
U.S. Government Bonds 3.2%
Mortgage Backed Securities 1.4%
Canadian High Yield Corporate Bonds 1.0%
Futures 0.7%
Canadian Investment Grade Corporate Bonds 0.5%
Senior Loans 0.4%
Supranational Guarantees 0.2%

Geographic allocation

Description Value
United States 43.1%
Europe - Other 8.8%
Asia - Other 6.0%
Cayman Islands 4.9%
Canada 4.4%
Africa 4.1%
Ireland 4.0%
Luxembourg 2.8%
China 2.7%
Hong Kong 2.6%
South America 2.6%
Central America 1.2%
North America - Other 1.1%
Caribbean - Other 1.0%
Australia & Oceania 0.4%

Total number of investments

809

Description Value
Fixed income 794
Equity 1

Portfolio characteristics

Description Value
Portfolio yield 3.9%
Average coupon 4.6%
Modified duration 3.4 yrs
Average term 13.6 yrs
Average credit quaility BBB

Credit rating

Description Value
AAA 15.2%
AA 1.9%
A 13.1%
BBB 28.8%
BB 17.3%
B 16.1%
CCC 3.6%
Not Rated 0.7%
Pfd-2 3.2%

Fixed income

Description Value
Madison Park Funding X Ltd., 6.624%, 2029-01-20 2.0%
Arbour CLO IV DAC, 3.100%, 2034-04-15 1.4%
US Treasury, 1.375%, 2050-08-15 1.3%
US Treasury, 0.000%, 2021-04-15 1.2%
Octagon Investment Partners, Ltd., 10.835%, 2031-04-16 1.1%
Avery Point Clo, Limited, 9.267%, 2027-08-05 0.9%
Land O'Lakes Inc., 7.000%, 2049-12-31 0.8%
Ghana Government, 10.750%, 2030-10-14 0.8%
Egypt Government, 7.625%, 2032-05-29 0.7%
Voya Euro Clo I Dac 1X D Regs, 2.500%, 2030-10-15 0.7%
Total allocation 10.8%

Top issuers

Description Value
US Treasury 2.9%
Madison Park Funding X Ltd. 2.0%
Arbour CLO IV DAC 1.4%
Octagon Investment Partners 1.1%
Ghana Government 1.0%
Enbridge Pipelines Inc. 1.0%
Avery Point Clo 0.9%
Land O'Lakes Inc. 0.8%
Verizon Communications Inc. 0.8%
Kenya Government 0.8%
Total allocation 12.6%
Description Value
Cash and Cash Equivalents 11.5%
Madison Park Funding X Ltd., 6.624%, 2029-01-20 2.0%
Arbour CLO IV DAC, 3.100%, 2034-04-15 1.4%
US Treasury, 1.375%, 2050-08-15 1.3%
US Treasury, 0.000%, 2021-04-15 1.2%
Octagon Investment Partners, Ltd., 10.835%, 2031-04-16 1.1%
Avery Point Clo, Limited, 9.267%, 2027-08-05 0.9%
Land O'Lakes Inc., 7.000%, 2049-12-31 0.8%
Ghana Government, 10.750%, 2030-10-14 0.8%
Egypt Government, 7.625%, 2032-05-29 0.7%
National Bank Of Canada, Pfd. 0.7%
Voya Euro Clo I Dac 1X D Regs, 2.500%, 2030-10-15 0.7%
Dominican Republic Government, 4.875%, 2032-09-23 0.7%
Carlyle Global Marke 1X C Regs, 3.300%, 2033-04-15 0.6%
Bain Capital Euro 20 2X D Regs, 3.200%, 2032-01-20 0.6%
Toronto-Dominion Bank, Pfd. 0.6%
Kenya Government, 6.875%, 2024-06-24 0.5%
Bank of Nova Scotia, Pfd. 0.5%
Ukraine Government, 7.253%, 2033-03-15 0.5%
Bank Of Montreal, Pfd. 0.5%
Canadian Imperial Bank Of Commerce 0.5%
Boc Aviation Ltd., 2.625%, 2030-09-17 0.5%
Anheuser-Busch Companies LLC, 4.900%, 2046-02-01 0.4%
Us Ultra Bond Cbt, 0.000%, 2021-06-21 0.4%
Customers Bancorp Inc. 0.3%

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 0.040
Feb. 28, 2021 Monthly, variable 0.021
Jan. 31, 2021 Monthly, variable 0.017
Dec. 31, 2020 Monthly, variable 0.033
Nov. 30, 2020 Monthly, variable 0.056
Oct. 31, 2020 Monthly, variable 0.020
Sep. 30, 2020 Monthly, variable 0.026
May. 31, 2020 Monthly, variable 0.017

Distribution tax factors

2020 2019 2018 2017
Canadian eligible dividends
($/unit or share)
$0.010 $0.002
Foreign income
($/unit or share)
$0.177 $0.140 $0.273 $0.012
Capital gain
($/unit or share)
Other income
($/unit or share)
$0.007 $0.001
Return of capital
($/unit or share)
Total distribution
($/unit or share)
$0.187 $0.142 $0.280 $0.013
NAV Dec. 31
($/unit or share)
$9.93 $9.68 $9.28 $10.00

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.