IA CLARINGTON INVESTMENTS INC FLOATING RATE INCOME FD UNIT SER ETFII

IA CLARINGTON INVESTMENTS INC FLOATING RATE INCOME FD UNIT SER ETF

7.99CADD
+0.01+0.13%
Last update at Jul 28, 20:10 GMT
CAD
No tradesPre-market
See on Supercharts

Key stats


Assets under management (AUM)
‪2.00 M‬CAD
Fund flows (1Y)
‪−6.78 M‬CAD
Dividend yield (indicated)
7.36%
Discount/Premium to NAV
−0.05%
Shares outstanding
‪250.00 K‬
Expense ratio
0.94%

About IA CLARINGTON INVESTMENTS INC FLOATING RATE INCOME FD UNIT SER ETF


Brand
iA Clarington
Inception date
Nov 4, 2019
Structure
Canadian Mutual Fund Trust (ON)
Index tracked
No Underlying Index
Management style
Active
Dividend treatment
Distributes
Primary advisor
IA Clarington Investments, Inc.
The fund is actively managed and primarily invests in senior floating rate loans, other floating rate securities, and non-investment grade debt obligations from North American and global corporate issuers. The fund will typically invest in primary offerings of senior loans managed by one or more of the largest US and global commercial banks. Security selection is based on fundamental credit analysis of issuers, involving industry analysis, review of business fundamentals, financial position, cash flow and liquidity, as well as analysis of terms, covenants and creditor protection. Top-down analysis of the interest rate and credit cycle, as well as market conditions are also considered when constructing the portfolio. IFRF caps each security weight at 5% and will hold approximately 10% of the fund in cash.

Classification


Asset Class
Fixed income
Category
Corporate, broad-based
Focus
Broad credit
Niche
Floating rate
Strategy
Active
Geography
Global
Weighting scheme
Proprietary
Selection criteria
Proprietary
What's in the fund
Exposure type
StocksBonds, Cash & Other
Loans
Corporate
Miscellaneous
Stock breakdown by region
94%1%3%
Top 10 holdings
Symbol
Assets
Symbol
Assets
C
CORPORATE BOND
13.80%
F
FIXED INCOME (UNCLASSFIED)
11.90%
C
Canadian Dollar
4.86%
Z
BMO High Yield US Corporate Bond Hedged to CAD Index ETFZHY
2.30%
H
High Interest Savings Account Fund Trust UnitsHISA
1.73%
X
iShares US High Yield Bond Index ETF (CAD-Hedged)XHY
1.64%
C
Cannabist Company Holdings Inc. 6.0% 29-JUN-2025CBSTF5662543
1.27%
A
AYR Wellness, Inc. 12.5% 10-DEC-2024
1.20%
M
Mileage Plus Holdings Llc Term Loan 21-Jun-2027
1.06%
A
American Airlines Inc Term Loan B 29-Jan-2027
1.06%
Top 10 weight40.82%
117 total holdings

No news here

Looks like there's nothing to report right now

Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
IFRF trades at 7.99 CAD today, its price has risen 0.13% in the past 24 hours. Track more dynamics on IFRF price chart.
IFRF net asset value is 7.99 today — it's risen 0.76% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
IFRF assets under management is ‪2.00 M‬ CAD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
IFRF price has risen by 0.63% over the last month, and its yearly performance shows a −4.77% decrease. See more dynamics on IFRF price chart.
NAV returns, another gauge of an ETF dynamics, showed a 2.04% increase in three-month performance and has increased by 2.44% in a year.
IFRF fund flows account for ‪−6.78 M‬ CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
IFRF invests in bonds. See more details in our Analysis section.
IFRF expense ratio is 0.94%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, IFRF isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, IFRF technical analysis shows the sell rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating IFRF shows the sell signal. See more of IFRF technicals for a more comprehensive analysis.
Yes, IFRF pays dividends to its holders with the dividend yield of 7.53%.
IFRF trades at a premium (0.02%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
IFRF shares are issued by iA Financial Corp., Inc.
IFRF follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Nov 4, 2019.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.