IA Clarington Floating Rate Income ETF (IFRF.TO)
8.41
0.00 (0.00%)
CAD |
TSX |
Jun 25, 16:00
Price Chart
Key Stats
| Net Expense Ratio | Discount or Premium to NAV | Total Assets Under Management | 30-Day Average Daily Volume |
|---|---|---|---|
| 0.94% | 0.13% | 579.89M | -- |
| Dividend Yield | Turnover Ratio | 1 Year Fund Level Flows | Max Drawdown (Since Inception) |
| 7.43% | 62.38% | -24.69M | Upgrade |
Basic Info
| Investment Strategy | |
| The Fund’s objective is to provide unitholders with a stream of current monthly income by investing primarily in senior floating rate loans, other floating rate securities and debt obligations of investment grade and non-investment grade North American and global corporate issuers. The Fund will invest in floating rate debt instruments that pay interest, at a margin or spread above a reference base lending rate (often the London Interbank Offered Rate or LIBOR or some other benchmark rate), resulting in higher payments to investors as the benchmark interest rate increases (and lower payments if the benchmark rate decreases). |
| General | |
| Security Type | Exchange-Traded Fund |
| Equity Style | -- |
| Fixed Income Style | -- |
| Broad Asset Class | -- |
| Broad Category | Fixed Income |
| Category Name | Floating Rate Loans |
| Category Index | Morningstar LSTA US LL TR CAD |
| Global Category Name | Canada Fixed Income |
| YCharts Categorization | Canada Bond |
| YCharts Benchmark | Bloomberg Global Aggregate CAD (^BBGATRCAD) |
| Prospectus Objective | -- |
| Fund Owner Firm Name | IA Clarington Investments Inc |
| Prospectus Benchmark Index | |
| Credit Suisse Leveraged Loan USD | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^BBGATRCADH | 100.0% |
| Manager Tenure | |
| Jeff Sujitno | 10.56 yrs |
| Amar Dhanoya | 7.93 yrs |
| Andrew Khazzam | 3.00 yrs |
| Tracy Zhao | 3.00 yrs |
Performance Versus Category
As of June 25, 2024. Returns for periods of 1 year and above are annualized.
Annual Total Returns Versus Peers
As of June 25, 2024.
Basic Info
| Investment Strategy | |
| The Fund’s objective is to provide unitholders with a stream of current monthly income by investing primarily in senior floating rate loans, other floating rate securities and debt obligations of investment grade and non-investment grade North American and global corporate issuers. The Fund will invest in floating rate debt instruments that pay interest, at a margin or spread above a reference base lending rate (often the London Interbank Offered Rate or LIBOR or some other benchmark rate), resulting in higher payments to investors as the benchmark interest rate increases (and lower payments if the benchmark rate decreases). |
| General | |
| Security Type | Exchange-Traded Fund |
| Equity Style | -- |
| Fixed Income Style | -- |
| Broad Asset Class | -- |
| Broad Category | Fixed Income |
| Category Name | Floating Rate Loans |
| Category Index | Morningstar LSTA US LL TR CAD |
| Global Category Name | Canada Fixed Income |
| YCharts Categorization | Canada Bond |
| YCharts Benchmark | Bloomberg Global Aggregate CAD (^BBGATRCAD) |
| Prospectus Objective | -- |
| Fund Owner Firm Name | IA Clarington Investments Inc |
| Prospectus Benchmark Index | |
| Credit Suisse Leveraged Loan USD | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^BBGATRCADH | 100.0% |
| Manager Tenure | |
| Jeff Sujitno | 10.56 yrs |
| Amar Dhanoya | 7.93 yrs |
| Andrew Khazzam | 3.00 yrs |
| Tracy Zhao | 3.00 yrs |