CI Investment Grade Bond Fund

Series AH USD Hedged
 

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 March 2020
CAD Total net assets ($CAD)
As at 2024-02-29
$301.9 million
NAVPS
As at 2024-03-27
$7.9351
MER (%)
As at 2023-09-30
1.63
Management fee (%) 1.25
Asset class Global Fixed Income
Currency USD Hedged
Minimum investment $500 initial/$25 additional
Distribution frequency Monthly
Last distribution $0.0220

Risk rating1

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

FUND CODES

AH ISC 2188
DSC SO* 3188
LL SO 3088
FH 4188
IH 5188
PH 90188
*No new purchases directly into switch only funds.

Performance2 As at 2024-02-29

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*
-0.47% -0.06% 2.81% 3.82% 3.62% -2.95% - - -2.77%
*Since inception date

Distribution history3

Payable date Total
2024-03-22 0.0220
2024-02-23 0.0220
2024-01-26 0.0220
2023-12-15 0.0220
2023-11-24 0.0220
Payable date Total
2023-10-27 0.0220
2023-09-22 0.0220
2023-08-25 0.0220
2023-07-28 0.0220
2023-06-23 0.0220

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.
Adam Tuer

CI Investment Grade Bond Fund

Series AH USD Hedged
 
Portfolio allocations5 As at 2024-02-29
Asset allocation (%)
  • Canadian Corporate Bonds 52.91
  • Canadian Government Bonds 27.32
  • Cash and Equivalents 10.14
  • Foreign Government Bonds 4.97
  • Foreign Corporate Bonds 3.78
  • Derivatives 1.00
  • Other 0.01
  • Foreign Bonds - Other -0.13
Sector allocation (%)
  • Fixed Income 88.85
  • Cash and Cash Equivalent 10.14
  • Other 1.01
Geographic allocation(%)
  • Canada 87.74
  • United States 15.32
  • Bermuda 0.17
  • Other 0.01
  • Europe -3.24
Top holdings
Sector (%)
1. Canada Government 3.25% 01-Dec-2033 Fixed Income 4.27%
2. Swap Vm Citi Usd Other 4.17%
3. Canada Government 2.75% 01-Jun-2033 Fixed Income 3.77%
4. Canada Government 0.50% 01-Dec-2030 Fixed Income 3.55%
5. Canada Government 1.25% 01-Jun-2030 Fixed Income 3.05%
6. United States Treasury 4.38% 30-Nov-2030 Fixed Income 2.95%
7. Ontario Province 4.15% 02-Dec-2054 Fixed Income 2.54%
8. Canada Government 2.25% 01-Jun-2029 Fixed Income 1.37%
9. Choice Properties REIT 3.53% 11-Mar-2029 Fixed Income 1.29%
10. Canada Government 2.00% 01-Jun-2028 Fixed Income 1.29%
11. ARC Resources Ltd 2.35% 10-Feb-2026 Fixed Income 1.17%
12. Dream Industrial REIT 2.06% 17-Apr-2027 Fixed Income 1.04%
13. SNC-Lavalin Group Inc 3.80% 19-Jul-2024 Cash and Cash Equivalent 1.04%
14. Canada Government 1.50% 01-Jun-2031 Fixed Income 1.03%
15. Canada Government 2.75% 01-Sep-2027 Fixed Income 1.01%
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