Fixed income

IA Clarington Core Plus Bond Fund

Fixed income

Fund series navigation	Fund series information
Fund series navigation	Series E4

Series E4

Agile Investment Management, LLC was appointed sub-advisor to the IA Clarington Core Plus Bond Fund effective September 4, 2024.

NAV

as of

Fund code(s)

$CDN Series E4

$CDN	FE
Series E4	9299

Distribution frequency

Monthly, fixed

MER

as of September 30, 2024

1.20%

Risk tolerance

Inception date

November 3, 2014

Fund assets

as of November 30, 2024

$781.2 million

Fund Facts

Fund Profile

Investment goal

The fund seeks to obtain current income while preserving capital and mitigating the effects of interest rate fluctuations through investments in and exposure to bonds including government bonds, investment grade bonds and high-yield bonds, as well as other income-producing securities such as asset-backed securities and senior floating rate loans.

Key reasons to invest

Focus on long-term capital growth and downside protection through a global, short-duration investment grade portfolio.

Diversification beyond traditional fixed-income strategies.

Enhanced yield potential from non-investment grade exposure (max 25%) and wide latitude in higher-yielding credit selection.

Portfolio manager(s)

Dan Janis, , Agile Investment Management LLC

Dan Janis
Chief Investment Officer
Agile Investment Management LLC
Read Dan Janis's bio

Peter Azzinaro, , Agile Investment Management LLC

Peter Azzinaro
Portfolio Manager
Agile Investment Management LLC
Read Peter Azzinaro's bio

Jonathan Birtwell, CFA, Agile Investment Management LLC

Jonathan Birtwell
CFA
Portfolio Manager
Agile Investment Management LLC
Read Jonathan Birtwell's bio

Noelle Corum, CFA, Agile Investment Management LLC

Noelle Corum
CFA
Portfolio Manager
Agile Investment Management LLC
Read Noelle Corum's bio

Monthly commentary

Quarterly commentary

Quarterly Commentary - Core Plus Bond 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 inception
Rate of return	1.1	2.6	5.7	7.6	1.1	1.9	2.0	2.0

Calendar year performance (%)

Table view | Chart view

Description	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Rate of return	5.1	-7.5	1.7	4.5	4.8	0.5	1.8	2.7	2.2	—

Value of $10,000 investment

Disclaimers

Portfolio as of November 30, 2024

Asset mix

Equity

0.4%

Other

0.4%

Fixed Income

95.5%

Canadian Investment Grade Corporate Bonds

42.4%

U.S. Investment Grade Corporate Bonds

17.8%

Foreign Investment Grade Corporate Bonds

9.6%

Investment Fund(s) - Fixed Income

7.2%

Canadian High Yield Corporate Bonds

5.4%

U.S. High Yield Corporate Bonds

4.5%

Foreign Government Bonds

4.2%

Senior Loans

2.1%

U.S. Government Bonds

1.4%

Other

0.9%

Cash and other

4.1%

Cash and Other Net Assets

4.1%

Futures

0.0%

Geographic allocation

Canada

49.8%

United States

32.3%

Europe-Other

4.6%

United Kingdom

4.0%

South America

1.7%

North America-Other

1.7%

Australia & Oceania

1.5%

Asia

0.3%

Total number of investments

414

Fixed income

403

Equity

Portfolio characteristics

Portfolio yield

5.5%

Average coupon

5.1%

Modified duration

3.8 yrs

Average term

6.7 yrs

Average credit quality

BBB

Credit rating

AAA

1.7%

4.0%

20.6%

BBB

48.2%

7.5%

1.6%

Pfd-2

0.4%

Not Rated

4.7%

Top holdings

Top 25 holdings

Fixed income

SPDR Portfolio High Yield Bond ETF

6.5%

Federal Republic of Brazil, 10.000%, 2027-01-01

1.5%

United Mexican States, 7.000%, 2026-09-03

1.5%

Ford Credit Canada Co., 5.441%, 2029-02-09

1.2%

Fore 8 Developments Inc., 8.000%, 2025-12-15

1.2%

Vandyk Lakeview DXE West Ltd., 11.120%, 2028-03-01

0.9%

National Australia Bank Ltd., 3.515%, 2030-06-12

0.9%

Cenovus Energy Inc., 3.500%, 2028-02-07

0.9%

Aviva PLC, 4.000%, 2030-10-02

0.9%

SmartCentres REIT, 3.526%, 2029-12-20

0.8%

Total allocation

16.3%

Top issuers

Canadian Imperial Bank of Commerce

3.1%

Enbridge Inc.

2.6%

SmartCentres REIT

2.2%

Primaris REIT

2.1%

Bank of Montreal

1.9%

Federal Republic of Brazil

1.7%

Coastal Gaslink Pipeline LP

1.6%

United Mexican States

1.6%

Ford Credit Canada Co.

1.6%

The Bank of Nova Scotia

1.5%

Total allocation

19.9%

iA Clarington Agile Global Total Return Income Fund, Series I

8.4%

SPDR Portfolio High Yield Bond ETF

5.9%

Cash and Net Other Assets

3.7%

Federal Republic of Brazil, 10.000%, 2027-01-01

1.5%

United Mexican States, 7.000%, 2026-09-03

1.4%

Ford Credit Canada Co., 5.441%, 2029-02-09

1.2%

Fore 8 Developments Inc., 8.000%, 2025-12-15

1.2%

Vandyk Lakeview DXE West Ltd., 11.120%, 2028-03-01

0.9%

National Australia Bank Ltd., 3.515%, 2030-06-12

0.9%

Cenovus Energy Inc., 3.500%, 2028-02-07

0.9%

Aviva PLC, 4.000%, 2030-10-02

0.9%

SmartCentres REIT, 3.526%, 2029-12-20

0.8%

Canadian Imperial Bank of Commerce, 5.300%, 2034-01-16

0.8%

The Cannabist Company Holdings Inc., 6.000%, 2025-06-29

0.8%

HCN Canadian Holdings-1 LP, 2.950%, 2027-01-15

0.8%

Transcontinental Inc., 2.280%, 2026-07-13

0.7%

Chartwell Retirement Residences, 6.000%, 2026-12-08

0.7%

Sienna Senior Living Inc., 3.450%, 2026-02-27

0.7%

Enbridge Inc., 8.495%, 2084-01-15

0.7%

Canadian Imperial Bank of Commerce, 4.200%, 2032-04-07

0.7%

Parkland Corp., 6.000%, 2028-06-23

0.7%

Verizon Communications Inc., 4.016%, 2029-12-03

0.7%

Sienna Senior Living Inc., 2.820%, 2027-03-31

0.7%

Paramount Global, 4.200%, 2029-06-01

0.7%

Primaris REIT, 6.374%, 2029-06-30

0.7%

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.

Interest rate payments for the following securities in the fund are reset periodically: senior loan (term loans), CLO (Collateralized Loan Obligations), MBS (Mortgage-Backed Securities), and ABS (Asset-Backed Securities). As a result, in calculating the modified duration of the Fund, these securities are individually assigned a duration based on its interest rate reset frequency. A security is assigned a duration of 0.08 years if its interest payments are reset monthly, a duration of 0.25 years if reset quarterly, 0.5 if reset semi-annually, and 1 if reset annually.

Distributions as of November 30, 2024

Recent distributions

Payment date	Frequency	$/unit or share
Oct. 31, 2024	Monthly, fixed	0.02500
Sep. 30, 2024	Monthly, fixed	0.02500
Aug. 31, 2024	Monthly, fixed	0.02500
Jul. 31, 2024	Monthly, fixed	0.02500
Jun. 30, 2024	Monthly, fixed	0.02500
May. 31, 2024	Monthly, fixed	0.02500
Apr. 30, 2024	Monthly, fixed	0.02500
Mar. 31, 2024	Monthly, fixed	0.02500
Feb. 29, 2024	Monthly, fixed	0.02500
Jan. 31, 2024	Monthly, fixed	0.02500
Dec. 31, 2023	Monthly, fixed	0.02500

Distribution tax factors

Description	2023	2022	2021	2020	2019	2018	2017	2016
Canadian eligible dividends ($/unit or share)	$0.011	$0.007	$0.005	$0.010	$0.011	$0.017	$0.022	$0.032
Foreign income ($/unit or share)	$0.108	$0.133	$0.110	$0.099	$0.080	$0.082	$0.065	$0.125
Capital gain ($/unit or share)	—	—	$0.160	—	$0.195	$0.248	—	—
Other income ($/unit or share)	$0.162	$0.154	$0.106	$0.095	$0.139	$0.083	$0.077	$0.084
Return of capital ($/unit or share)	$0.019	$0.102	$0.175	$0.192	—	—	$0.232	$0.155
Total distribution ($/unit or share)	$0.300	$0.396	$0.556	$0.396	$0.425	$0.430	$0.396	$0.396
NAV Dec. 31 ($/unit or share)	$7.60	$7.53	$8.56	$8.97	$8.97	$8.97	$9.35	$9.58

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 E4

MRFP - Annual

MRFP - Semi-Annual

Top 25 Holdings - Summary of investment portfolio

Support materials

2025 Market Outlook - Agile

Core Plus Bond Fund overview

Fund comparison: Agile Global Total Return Income and Core Plus Bond Fund

Fund Profile - Series E4

Overview (For Investors)

Other

Disclaimers

Periodically, specific securities in the Portfolio section may not be disclosed, as disclosure may impair the portfolio manager’s ability to transact the security, which may result in harm for the Fund and its unitholders. These are noted as "Undisclosed".

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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