IA Clarington beefs up fund offering

Toronto-based IA Clarington Investments Inc. has added two new funds to its product shelf: IA Clarington Core Plus Bond Fund and IA Clarington Focused U.S. Equity Class Fund. IA Clarington Core Plus Bond Fund provides investors with access to investment-grade corporate bonds while protecting against interest rate risk. IA Clarington Focused U.S. Equity Class Fund seeks to achieve long-term capital growth by investing primarily in equity securities of U.S. companies and will be subadvised by Toronto-based Taylor Asset Management Inc. Advisor commissions for both funds are 0%-5% for front-end sales, 5% for deferred sales and 2.5% for the low-load option. Redemption fees begin at 5.75% in Year 1 and end at zero after Year 7 for the regular DSC schedule; or begin at 3% in Year 1 and end at zero after Year 3 for the low-load schedule. Trailing commissions are 0.5% for front-end sales and 0.25% for low-load and deferred sales for IA Clarington Core Plus Bond Fund; and 1% for front-end sales and 0.5% for low-load and deferred sales for IA Clarington Focused U.S. Equity Class. Management fees are 1.2% for A-class units and 0.7% for F-class units for IA Clarington Core Plus Bond Fund; and 2% for A-class units and 1% for F-class units for IA Clarington Focused U.S. Equity Class. Minimum investment is $1,000.

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