CI Investment Grade Bond Fund

Series A CAD
 

Fund overview

This fund invests primarily in a diversified portfolio of corporate bonds rated BBB- and above by a recognized bond rating agency, issued anywhere in the world.

Fund details

description of elementelement value
Inception date December 2014
Total net assets ($CAD)
As at 2023-08-31
$744.7 million
NAVPS
As at 2023-09-22
$8.4939
MER (%)
As at 2023-03-31
1.58
Management fee (%) 1.25
Asset class Global Fixed Income
Currency CAD
Minimum investment $500 initial/$25 additional
Distribution frequency Monthly
Last distribution $0.0250

Risk rating1

  • Low
  • Low to medium
  • Medium
  • Medium to high
  • High

FUND CODES

T5
A ISC 2185
DSC SO* 3185
LL SO 1185
ISC 193T5
DSC SO 293T5
LL SO 393T5
E 16185
EF 15185
F 4185 493T5
I 5185 593T5
O 18185
P 90081
*No new purchases directly into switch only funds.

Performance2 As at 2023-08-31

Growth of $10,000 (Since inception date)

growth of 10k graph

Calendar year performance

annual performance graph

average annual compound returns

YTD 1 Mo 3 Mo 6 Mo 1 Y 3 Y 5 Y 10 Y Inception*
0.48% -0.15% -0.82% -0.37% -1.10% -4.71% -0.75% - 0.95%
*Since inception date

Distribution history3

Payable date Total
2023-09-22 0.0250
2023-08-25 0.0250
2023-07-28 0.0250
2023-06-23 0.0250
2023-05-26 0.0250
Payable date Total
2023-04-21 0.0250
2023-03-24 0.0250
2023-02-24 0.0250
2023-01-27 0.0250
2022-12-16 0.1360

CI PREFERRED PRICING4

Investment amount Combined fee reduction
$100,000 and above 0.05%
$500,000 and above 0.11%
$1,000,000 and above 0.28%
$2,500,000 and above 0.32%
$5,000,000 and above 0.39%

Management team

First we'll display the Team Company and then the Team members
Marret Asset Management
Marret Asset Management focuses on fixed-income investing and alternative strategies on behalf of institutional, high net worth and retail clients. Marret Asset Management Inc. is a partly owned subsidiary of CI Financial Corp. and an affiliate of CI Investments Inc.
Adam Tuer

CI Investment Grade Bond Fund

Series A CAD
 
Portfolio allocations5 As at 2023-08-31
Asset allocation (%)
  • Canadian Corporate Bonds 70.04
  • Canadian Government Bonds 13.37
  • Foreign Corporate Bonds 6.62
  • Foreign Government Bonds 6.46
  • Cash and Equivalents 2.88
  • Derivatives 0.56
  • Other 0.07
Sector allocation (%)
  • Fixed Income 96.38
  • Cash and Cash Equivalent 2.88
  • Other 0.63
  • Financial Services 0.11
Geographic allocation(%)
  • Canada 86.11
  • United States 14.79
  • Multi-National 0.13
  • Other 0.07
  • Europe -1.10
Top holdings
Sector (%)
1. Canada Government 2.75% 01-Jun-2033 Fixed Income 3.53%
2. Canada Government 1.25% 01-Mar-2027 Fixed Income 2.85%
3. Canada Government 3.50% 01-Mar-2028 Fixed Income 2.33%
4. Co-operators Financl Srvcs Ltd 3.33% 13-May-2030 Fixed Income 1.94%
5. ARC Resources Ltd 3.47% 10-Mar-2031 Fixed Income 1.60%
6. Thomson Reuters Corp 2.24% 14-May-2025 Fixed Income 1.56%
7. United States Treasury 2.75% 15-Aug-2032 Fixed Income 1.43%
8. Canada Government 2.75% 01-Dec-2048 Fixed Income 1.32%
9. Swap Vm Citi Usd Other 1.32%
10. Saputo Inc 1.42% 19-Jun-2026 Fixed Income 1.24%
11. United States Treasury 3.63% 15-Feb-2053 Fixed Income 1.21%
12. Manulife Financial Corp 3.38% 19-Jun-2081 Fixed Income 1.21%
13. ARC Resources Ltd 2.35% 10-Mar-2026 Fixed Income 1.21%
14. Great-West Lifeco Inc 3.60% 31-Dec-2081 Fixed Income 1.20%
15. Sagen MI Canada Inc 3.26% 05-Mar-2031 Fixed Income 1.16%
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