CI Corporate Bond Corporate Class

Series A CAD
 

Fund overview

This fund invests mainly in fixed income securities that are investment grade and below investment grade.

Fund details

description of elementelement value
Inception date July 2003
CAD Total net assets ($CAD)
As at 2024-04-30
$425.0 million
NAVPS
As at 2024-05-28
$17.0676
MER (%)
As at 2023-09-30
1.56
Management fee (%) 1.05
Asset class Global Fixed Income
Currency CAD
Minimum investment $500 initial/$25 additional
Distribution frequency Quarterly
Last distribution $0.0470
Average Credit Rating BB+

Risk rating1

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

FUND CODES

T5 T8
A ISC 2308
DSC 3308
LL 1308
ISC 171T5
DSC 271T5
LL 371T5
ISC 671T8
DSC 771T8
LL 871T8
E 16139 16739 16439
EF 15139 15739 15439
F 4308 450T5 950T8
I 5317 071T8
O 18139 18739 18439
P 90110 90610 90910
X 4900

Performance2 As at 2024-04-30

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*
1.52% -0.71% 0.77% 7.49% 6.16% 0.02% 1.73% 2.58% 3.83%
*Since inception date

Distribution history3

Payable date Total
2024-03-22 0.0470
2023-03-24 0.0442
2022-03-25 0.2593
2021-03-26 0.0654
2020-12-18 0.1880
Payable date Total
2020-09-25 0.1838
2020-06-26 0.1468
2020-03-20 0.3452
2019-12-13 0.1624
2019-09-27 0.1674

CI PREFERRED PRICING4

Investment amount Combined fee reduction
$100,000 - $500,000 0.00%
$500,000 - $1,000,000 0.01%
$1,000,000 - $2,500,000 0.08%
$2,500,000 - $5,000,000 0.13%
$5,000,000 and above 0.20%

FUND CHARACTERISTICS

Average Coupon % 5.50
Duration 3.86
Yield 7.13

RATING SUMMARY (%)

AAA 2.10
AA 0.88
A 12.25
BBB 42.63
BB 20.81
B 16.22
NR 4.01
Average Credit Rating BB+

*Corporate and Government bonds only.

CI Corporate Bond Corporate Class

Series A CAD
 
Portfolio allocations5 As at 2024-04-30
Asset allocation (%)
  • Foreign Corporate Bonds 43.61
  • Canadian Corporate Bonds 39.28
  • Canadian Equity 5.93
  • Cash and Equivalents 4.52
  • Canadian Government Bonds 2.34
  • Canadian Bonds - Other 1.52
  • US Equity 1.34
  • Mortgages 0.78
  • Foreign Government Bonds 0.44
  • Other 0.24
Sector allocation (%)
  • Fixed Income 87.49
  • Cash and Cash Equivalent 4.52
  • Financial Services 3.35
  • Energy 1.15
  • Mutual Fund 0.77
  • Utilities 0.69
  • Telecommunications 0.61
  • Consumer Goods 0.58
  • Other 0.46
  • Real Estate 0.38
Geographic allocation(%)
  • Canada 51.30
  • United States 46.49
  • Cayman Islands 1.67
  • Bermuda 0.28
  • Ireland 0.12
  • Other 0.12
  • United Kingdom 0.02
Underlying fund allocations
Sector (%)
1. CI Corporate Bond Fund Class I Fixed Income 99.90%
Top holdings
Sector (%)
1. Usd Cash Sweep Cash and Cash Equivalent 1.34%
2. Dresdner Funding Trust I 8.15% 30-Jun-2029 Fixed Income 1.17%
3. Fairfax India Holdings Corp 5.00% 26-Feb-2028 Fixed Income 1.11%
4. Quotient Hldgs Fin Co Ltd Sr 144A Nt 1230 12.00% 15-Apr-2030 Fixed Income 0.86%
5. Inter Pipeline Ltd 6.63% 19-Nov-2079 Fixed Income 0.80%
6. Citigroup Capital XIII - Pfd Mutual Fund 0.77%
7. Inter Pipeline Ltd 6.88% 26-Mar-2079 Fixed Income 0.76%
8. Pembina Pipeline Corp 4.80% 25-Jan-2081 Fixed Income 0.69%
9. Highland Takeback Notes 10 30Sep26 10.00% 30-Sep-2026 Fixed Income 0.68%
10. Global Aircraft Leasing Co Ltd 7.25% 15-Sep-2024 Cash and Cash Equivalent 0.63%
11. Northeast Grocery Inc Fixed Income 0.60%
12. Barclays Bank Plc 6.28% 15-Dec-2171 Fixed Income 0.57%
13. Keyera Corp 6.88% 13-Jun-2079 Fixed Income 0.54%
14. Trulieve Cannabis Corp - Pfd Food, Beverage and Tobacco 0.54%
15. Lincoln National Corp 7.94% 11-Aug-2026 Fixed Income 0.53%

Management team

First we'll display the Team Company and then the Team members
Geof Marshall
John Shaw
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