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 2023-02-28
$813.7 million
NAVPS
As at 2023-03-28
$8.8909
MER (%)
As at 2022-09-30
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 2023-02-28

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*
0.85% -1.62% -0.08% -0.73% -8.07% -3.86% -0.55% - 1.06%
*Since inception date

Distribution history3

Payable date Total
2023-03-24 0.0250
2023-02-24 0.0250
2023-01-27 0.0250
2022-12-16 0.1360
2022-11-25 0.0200
Payable date Total
2022-10-28 0.0200
2022-09-23 0.0200
2022-08-26 0.0200
2022-07-22 0.0200
2022-06-24 0.0200

CI PREFERRED PRICING4

Investment amount Combined fee reduction
$100,000 - $500,000 0.05%
$500,000 - $1,000,000 0.11%
$1,000,000 - $2,500,000 0.28%
$2,500,000 - $5,000,000 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.
Paul Sandhu
Adam Tuer

CI Investment Grade Bond Fund

Series A CAD
 
Portfolio allocations5 As at 2023-02-28
Asset allocation (%)
  • Canadian Corporate Bonds 73.15
  • Canadian Government Bonds 9.29
  • Foreign Corporate Bonds 8.09
  • Foreign Government Bonds 4.52
  • Cash and Equivalents 4.13
  • Derivatives 0.78
  • Other 0.04
Sector allocation (%)
  • Fixed Income 94.95
  • Cash and Cash Equivalent 4.13
  • Other 0.82
  • Financial Services 0.10
Geographic allocation(%)
  • Canada 84.94
  • United States 15.73
  • Other 0.04
  • Europe -0.71
Top holdings
Sector (%)
1. Canada Government 1.25% 01-Mar-2027 Fixed Income 2.40%
2. Co-operators Financl Srvcs Ltd 3.33% 13-May-2030 Fixed Income 1.83%
3. ARC Resources Ltd 3.47% 10-Mar-2031 Fixed Income 1.64%
4. Thomson Reuters Corp 2.24% 14-May-2025 Fixed Income 1.43%
5. United States Treasury 2.75% 15-Aug-2032 Fixed Income 1.34%
6. Waste Management Canada Corp 2.60% 23-Sep-2026 Fixed Income 1.29%
7. Canada Government 2.75% 01-Dec-2048 Fixed Income 1.24%
8. ARC Resources Ltd 2.35% 10-Mar-2026 Fixed Income 1.19%
9. Manulife Financial Corp 3.38% 19-Jun-2081 Fixed Income 1.16%
10. Canada Government 1.50% 01-Jun-2026 Fixed Income 1.15%
11. Great-West Lifeco Inc 3.60% 31-Dec-2081 Fixed Income 1.14%
12. Canada Government 2.00% 01-Jun-2028 Fixed Income 1.12%
13. Sagen MI Canada Inc 3.26% 05-Mar-2031 Fixed Income 1.08%
14. Canada Government 1.00% 01-Jun-2027 Fixed Income 1.05%
15. Toronto-Dominion Bank 3.60% 31-Oct-2081 Fixed Income 1.05%
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