Fixed income

IA Clarington Bond GIF

Fixed income

Fund series navigation	Fund series information
Fund series navigation	Series Guarantee A

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 A

$CDN	FE	DSC
Guarantee A	IAC 702 Closed	IAC 802 Closed

Distribution frequency

Monthly, variable

MER

as of December 31, 2023

2.13%

Risk tolerance

Inception date

May 4, 2007

Fund assets

as of October 31, 2024

$6.0 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

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	-1.2	0.8	2.0	10.3	-1.7	-1.1	0.5	1.7

Calendar year performance (%)

Table view | Chart view

Description	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Rate of return	4.9	-13.0	-4.2	6.9	5.2	-0.8	1.2	0.6	1.7	6.7

Value of $10,000 investment

Disclaimers

Portfolio as of October 31, 2024

Asset mix

Canadian Investment Grade Corporate Bonds

33.4%

Canadian Provincial and Municipal Bonds

29.6%

Canadian Government Bonds

19.5%

Treasury Bills

3.7%

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 Net Assets

0.9%

Geographic allocation

Canada

93.1%

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%

31.5%

BBB

14.5%

0.8%

3.8%

Not Rated

1.1%

Top holdings

Top 25 holdings

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

6.1%

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

53.0%

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.

Cash and cash equivalents are excluded.

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	0.01563
Sep. 30, 2024	Monthly, variable	0.01963
Aug. 31, 2024	Monthly, variable	0.01948
Jul. 31, 2024	Monthly, variable	-0.02149
May. 31, 2024	Monthly, variable	0.00031
Mar. 31, 2024	Monthly, variable	0.00165
Feb. 29, 2024	Monthly, variable	-0.00470
Jan. 31, 2024	Monthly, variable	-0.01404
Dec. 31, 2023	Monthly, variable	0.00685

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 - Alexandre Morin and Dominic Siciliano

2024 Mid-Year Review - Alexandre Morin, David McCulla and Dominic Siciliano

Fund Profile - Series Guarantee A

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