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About IA CLARINGTON FLATNG RATE INCOME FD UNIT SER ETF
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Inception date
Nov 4, 2019
Structure
Canadian Mutual Fund Trust (ON)
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
What's in the fund
Exposure type
Loans
Corporate
Miscellaneous
Stocks0.00%
Miscellaneous0.00%
Bonds, Cash & Other100.00%
Loans38.64%
Corporate29.97%
Miscellaneous12.04%
Securitized7.79%
ETF6.70%
Cash4.86%
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