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IA Clarington Loomis Floating Rate Income Fund
IFRF (IA Clarington Loomis Floating Rate Income Fund) is an active Canadian Fixed Income ETF by IA. With a 0.70% MER, it provides diversified exposure. Monthly distribution with a 7.21% yield.
IFRF is actively managed by IA's investment team, which selects holdings with the goal of outperforming a benchmark index.
With a 0.70% MER, its fees are in line with category averages. It pays a monthly distribution with a 7.21% yield, making it attractive for income-seeking investors.
This ETF is suited for investors seeking stability and capital preservation. It can serve as a defensive component in a diversified portfolio or as a temporary cash parking option.