Fixed income

IA Wealth Core Bond Pool

Fixed income

Fund series navigation	Fund series information
Fund series navigation	Series F

NAV

as of

Overall Morningstar Ratings^TM

Canadian Fixed Income

Fund code(s)

$CDN Series F

$CDN	FB
Series F	8328

Distribution frequency

Monthly, variable

MER

as of March 31, 2024

0.48%

Risk tolerance

Inception date

October 2, 2006

Fund assets

as of October 31, 2024

$231.3 million

Fund Facts

Fund Profile

Investment goal

The Fund’s objective is to generate a high total rate of return through a combination of interest income and enhancement of capital consistent with safety of capital.

Key reasons to invest

A core fixed income portfolio that may include a combination of government issues, debentures and high-quality corporate bonds.

Emphasis on a regular income stream while generating total rate of return consistent with safety of capital.

Active management of duration, sector and yield curve positioning.

Portfolio manager(s)

Alexandre Morin
CFA
iA Global Asset Management Inc.
Read Alexandre Morin's bio

David McCulla
CFA
iA Global Asset Management Inc.
Read David McCulla's bio

Dominic Siciliano
iA Global Asset Management Inc.
Read Dominic Siciliano's bio

Monthly commentary

Quarterly commentary

Quarterly Commentary - IA Wealth Core Bond Pool

Disclaimers

Performance as of October 31, 2024

Fund performance (%)

Table view | Chart view

Description	1-month	3-month	YTD	1-year	3-year	5-year	10-year	Since inception
Rate of return	-1.0	1.2	3.4	12.1	0.0	0.5	2.1	3.3

Calendar year performance (%)

Table view | Chart view

Description	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Rate of return	6.7	-11.5	-2.6	8.6	6.9	0.8	2.8	2.1	3.2	8.4

Value of $10,000 investment

Morningstar ratings™
Canadian Fixed Income as of October 31, 2024

Description	Overall	1-year	3-year	5-year	10-year
Rating
Number of funds in category	485	523	485	439	277

Disclaimers

Portfolio as of October 31, 2024

Asset mix

Fixed Income

99.2%

Canadian Investment Grade Corporate Bonds

33.3%

Canadian Provincial and Municipal Bonds

29.7%

Canadian Government Bonds

19.5%

Treasury Bills

3.8%

U.S. Investment Grade Corporate Bonds

3.5%

Canadian Government Agencies Bonds

2.9%

Investment Fund(s) - Fixed Income

2.3%

Mortgage Backed Securities

2.2%

Other

2.0%

Cash and other

0.8%

Cash and Other Net Assets

0.8%

Options

0.0%

Futures

0.0%

Geographic allocation

Canada

93.2%

United States

5.9%

Europe

0.2%

Total number of investments

366

Fixed income

364

Equity

Portfolio characteristics

Portfolio yield

4.0%

Average coupon

3.9%

Modified duration

7.6 yrs

Average term

13.8 yrs

Average credit quality

Credit rating

AAA

22.7%

22.5%

31.6%

BBB

14.6%

0.8%

3.8%

Not Rated

1.1%

Fixed income

Government of Canada, 3.250%, 2034-12-01

7.4%

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

4.2%

Government of Canada, 3.500%, 2029-09-01

4.1%

Province of Quebec, 4.450%, 2034-09-01

3.6%

Government of Canada, Treasury Bill, 3.493%, 2025-01-15

2.7%

Government of Canada, 2.000%, 2032-06-01

2.6%

Province of Quebec, 4.400%, 2055-12-01

2.5%

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

1.9%

Vanguard Short-Term Corporate Bond ETF

1.8%

The Toronto-Dominion Bank, 3.105%, 2030-04-22

1.4%

Total allocation

32.2%

Top issuers

Government of Canada

22.1%

Province of Quebec

6.9%

Province of Ontario

6.2%

Bank of Montreal

3.3%

The Toronto-Dominion Bank

3.0%

Royal Bank of Canada

3.0%

Province of Manitoba

2.5%

Canadian Mortgage Pools

2.2%

Ford Credit Canada Co.

2.0%

Canadian Imperial Bank of Commerce

1.9%

Total allocation

53.1%

Government of Canada, 3.250%, 2034-12-01

7.4%

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

4.2%

Government of Canada, 3.500%, 2029-09-01

4.1%

Province of Quebec, 4.450%, 2034-09-01

3.6%

Government of Canada, Treasury Bill, 3.493%, 2025-01-15

2.7%

Government of Canada, 2.000%, 2032-06-01

2.6%

Province of Quebec, 4.400%, 2055-12-01

2.5%

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

1.9%

Vanguard Short-Term Corporate Bond ETF

1.8%

The Toronto-Dominion Bank, 3.105%, 2030-04-22

1.4%

Province of Manitoba, 4.050%, 2045-09-05

1.3%

Enbridge Inc., 5.375%, 2077-09-27

1.3%

Canadian Imperial Bank of Commerce, 4.900%, 2027-04-02

1.3%

Province of Ontario, 4.600%, 2055-12-02

1.3%

Transcanada Trust, 4.650%, 2077-05-18

1.3%

Canada Housing Trust No 1, 1.400%, 2031-03-15

1.2%

Province of Manitoba, 4.400%, 2055-09-05

1.2%

Equitable Bank, 3.650%, 2029-09-01

1.1%

Financement-Québec, 5.250%, 2034-06-01

1.0%

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

1.0%

Manulife Financial Corp., 5.409%, 2033-03-10

1.0%

Province of Alberta, 2.950%, 2052-06-01

1.0%

Ford Credit Canada Co., 2.961%, 2026-09-16

0.9%

Bank of Montreal, 1.928%, 2031-07-22

0.9%

Province of Ontario, 4.150%, 2034-06-02

0.8%

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.

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

Distributions as of October 31, 2024

Recent distributions

Payment date	Frequency	$/unit or share
Oct. 31, 2024	Monthly, variable	0.03204
Sep. 30, 2024	Monthly, variable	0.03543
Aug. 31, 2024	Monthly, variable	0.03163
Jul. 31, 2024	Monthly, variable	0.03867
Jun. 30, 2024	Monthly, variable	0.02977
May. 31, 2024	Monthly, variable	0.02975
Apr. 30, 2024	Monthly, variable	0.03359
Mar. 31, 2024	Monthly, variable	0.02533
Feb. 29, 2024	Monthly, variable	0.03061
Jan. 31, 2024	Monthly, variable	0.02916
Dec. 31, 2023	Monthly, variable	0.02345
Nov. 30, 2023	Monthly, variable	0.03941

Distribution tax factors

Description	2023	2022	2021	2020	2020	2019	2018	2017	2016
Canadian eligible dividends ($/unit or share)	—	—	$0.001	—	—	$0.001	—	—	—
Foreign income ($/unit or share)	—	$0.029	$0.051	$0.009	$0.004	$0.011	$0.012	$0.001	$0.006
Capital gain ($/unit or share)	—	—	—	$0.039	—	—	—	—	$0.047
Other income ($/unit or share)	$0.342	$0.298	$0.249	$0.255	$0.116	$0.231	$0.247	$0.050	$0.343
Return of capital ($/unit or share)	—	—	—	—	—	—	—	—	—
Total distribution ($/unit or share)	$0.342	$0.327	$0.301	$0.303	$0.120	$0.243	$0.259	$0.051	$0.396
NAV Dec. 31 ($/unit or share)	$11.81	$11.41	$13.25	$13.91	—	$10.41	$9.97	$10.18	$12.87

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:

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Disclaimers

Documents

Disclaimers

The Morningstar Star Ratings displayed above are subject to change monthly.

The Morningstar Rating for Funds, often referred to as the Star Rating, is a data driven rating which compares how well a fund performed against similar funds. It is calculated by Morningstar Research Inc., an independent research firm. Morningstar groups funds based on the types of investments in the funds’ portfolios using CIFSC Fund categories. The Star Rating also considers the amount of risk a fund has taken to achieve its return. A more volatile fund will generally receive a lower rating than a steadier fund with the same return. Star Ratings are given for funds with at least a 3-year track record based on the fund’s Morningstar Risk Adjusted Return. The overall ranking is a weighted combination of the 3, 5 and 10 year ratings. Overall ratings are adjusted where a fund has less than 5 or 10 years of history.

Funds which rank in the top 10% of its category receive a 5-Star rating. Funds which rank in the next 22.5% receive a 4-Star rating. Funds which rank in the next 35% receive a 3-Star rating. Funds which rank in the next 22.5% receive a 2-Star rating. Funds which rank in the lowest 10% of its category receive a 1-Star rating. Star Ratings are based entirely on a mathematical evaluation of past performance. Though they could be used to identify funds to further evaluate and research, they should not be considered to be buy or sell recommendations from Morningstar.

For further information on the Star Rating, please refer to www.morningstar.ca.

©2024 Morningstar Research Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

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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