Socially responsible investing

IA Clarington Inhance Monthly Income SRI GIF

Socially responsible investing

Fund series navigation	Fund series information
Fund series navigation	Series Guarantee B

Effective November 30, 2021, the fund will be closed to new deposits on existing contracts and new issues. Please note that existing pre-authorized debit (PAD) plans will continue to be honoured but cannot be changed. Switches between funds will also continue to be permitted.

NAV

as of

Fund code(s)

$CDN Guarantee B

$CDN	FE	DSC
Guarantee B	IAC 8202 Closed	IAC 8203 Closed

Distribution frequency

Monthly, variable

MER

as of December 31, 2023

3.18%

Risk tolerance

Performance start date

May 11, 2016

Fund assets

as of October 31, 2024

$6.7 million

Fund Facts

Fund Profile

Investment goal

The Fund’s objective is to provide a reasonably consistent level of monthly income by investing primarily in fixed income and high yield equity securities of Canadian issuers which meet the portfolio manager’s responsible investment principles.

Key reasons to invest

An income-oriented balanced solution for investors who want to invest responsibly in the pursuit of their financial goals.

Asset mix of equities and fixed income securities, broadly diversified across asset classes, geography and sectors.

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

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

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

Marc Sheard
CFA
Vancity Investment Management Ltd.
Read Marc Sheard's bio

Monthly commentary

Quarterly commentary

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 PSD
Rate of return	-0.7	5.5	11.1	22.4	0.8	4.2	—	4.3

Calendar year performance (%)

Table view | Chart view

Description	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Rate of return	3.2	-13.0	18.5	1.9	13.9	-7.4	5.1	—	—	—

Value of $10,000 investment

Disclaimers

Portfolio as of October 31, 2024

Asset mix

Equity sector allocation

Equity

75.6%

Canadian Equities

38.9%

Income Trusts

15.3%

U.S. Equities

10.8%

Foreign Equities

7.6%

Preferred Equities

3.0%

Fixed Income

22.2%

Canadian Investment Grade Corporate Bonds

21.6%

Canadian High Yield Corporate Bonds

0.6%

Cash and other

2.2%

Cash and Other Net Assets

2.2%

Financials

18.4%

Real Estate

11.5%

Industrials

11.1%

Consumer Discretionary

10.5%

Information Technology

8.4%

Consumer Staples

5.0%

Health Care

3.8%

Materials

2.8%

Communication Services

2.2%

Utilities

1.8%

Geographic allocation

Canada

78.1%

United States

12.2%

United Kingdom

4.6%

Europe-Other

2.9%

Total number of investments

102

Fixed income

Equity

Portfolio characteristics

Portfolio yield

3.9%

Average coupon

5.3%

Modified duration

2.4 yrs

Average term

11.5 yrs

Average credit quality

Credit rating

6.7%

5.5%

BBB

9.4%

0.6%

Pfd-2

2.1%

Pfd-3

0.9%

Top holdings

Top 25 holdings

Equity

DRI Healthcare Trust

3.8%

Gildan Activewear Inc.

2.4%

Royal Bank of Canada

2.3%

Element Fleet Management Corp.

2.3%

Games Workshop Group PLC

2.3%

The North West Co. Inc.

2.3%

Exchange Income Corp.

2.3%

Cisco Systems Inc.

2.0%

Broadcom Inc.

1.9%

Enghouse Systems Ltd.

1.9%

Total allocation

23.5%

Fixed income

The Bank of Nova Scotia, 5.679%, 2033-08-02

1.0%

The Bank of Nova Scotia, 5.500%, 2025-12-29

1.0%

RioCan REIT, 1.974%, 2026-06-15

0.9%

Bank of Montreal, 4.420%, 2029-07-17

0.9%

Canadian Imperial Bank of Commerce, 7.337%, 2029-03-12

0.8%

The Toronto-Dominion Bank, 7.232%, 2027-10-31

0.8%

The Bank of Nova Scotia, 7.023%, 2082-07-27

0.8%

Videotron Ltd., 4.650%, 2029-07-15

0.8%

First Capital REIT, 4.323%, 2025-07-31

0.8%

Canadian Imperial Bank of Commerce, 2.750%, 2025-03-07

0.7%

Total allocation

8.5%

DRI Healthcare Trust

3.8%

Gildan Activewear Inc.

2.4%

Royal Bank of Canada

2.3%

Element Fleet Management Corp.

2.3%

Games Workshop Group PLC

2.3%

The North West Co. Inc.

2.3%

Exchange Income Corp.

2.3%

Cash and Net Other Assets

2.2%

Cisco Systems Inc.

2.0%

Broadcom Inc.

1.9%

Enghouse Systems Ltd.

1.9%

Canadian Imperial Bank of Commerce

1.9%

CME Group Inc.

1.8%

Killiam Apartment REIT

1.8%

Northland Power Inc.

1.8%

The Toronto-Dominion Bank

1.7%

KONE Oyj

1.7%

Air Products and Chemicals Inc.

1.7%

Savaria Corp.

1.7%

Granite REIT

1.7%

Sun Life Financial Inc.

1.6%

BSR REIT

1.6%

Manulife Financial Corp.

1.6%

Diversified Royalty Corp.

1.6%

Texas Instruments Inc.

1.5%

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 applicable sector allocations of investment funds not managed by IA Clarington Investments Inc.

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

Information presented is of the underlying mutual fund

Distributions as of October 31, 2024

Recent distributions

Payment date	Frequency	$/unit or share
Oct. 31, 2024	Monthly, variable	0.05729
Sep. 30, 2024	Monthly, variable	0.01570
Aug. 31, 2024	Monthly, variable	0.00793
Jul. 31, 2024	Monthly, variable	0.00918
May. 31, 2024	Monthly, variable	-0.00077
Mar. 31, 2024	Monthly, variable	-0.00022
Feb. 29, 2024	Monthly, variable	-0.00447
Jan. 31, 2024	Monthly, variable	0.16056

Disclaimers

Historical

Historical prices

Start NAV:

End NAV:

Min. NAV:

Max. NAV:

Download Chart

Download NAVs

Disclaimers

Documents

Regulatory documents

Fund Facts

GIF Annual Financial Report

GIF Semi-Annual Financial Report

Support materials

2024 Market Outlook - Sébastien Mc Mahon and Tej Rai

2024 Market Outlook - Vancity

2024 Mid-Year Review - Vancity

Fund Profile - Series Guarantee B

How to spot a true SRI fund

Inhance climate change brochure

Inhance SRI funds advisor brochure

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