New funds introduced at IA Clarington

Toronto-based IA Clarington Investments Inc. has added two funds to its product lineup: IA Clarington Floating Rate Income Fund and IA Clarington Strategic U.S. Growth & Income Fund. The IA Clarington Floating Rate Income Fund, managed by Jeff Sujitno, vice president and portfolio manager with IA Clarington, provides investors with an alternative to rate-sensitive fixed-income securities. IA Clarington Strategic U.S. Growth & Income Fund, managed by Dan Bastasic, senior vice president, investments, with IA Clarington, invests in U.S. equities and fixed-income, emphasizing a monthly income stream. Advisor commissions 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 0.6% for front end sales and 0.3% for deferred and low-load sales for the IA Clarington Floating Rate Income Fund; and 1% for front-end sales and 0.5% for deferred and low-load sales for IA Clarington Strategic U.S. Growth & Income Fund. Management fees are 1.45% for A-class units and 0.9% for F-class units for IA Clarington Floating Rate Income Fund; and 1.95% for A-class units and 0.95% for F-class units for IA Clarington Strategic U.S. Growth & Income Fund. Minimum investment is $500.

(cohara@investmentexecutive.com).