CI DoubleLine Income US$ Fund

Series A CAD
 

Fund overview

The fund’s investment objective is to maximize total return by primarily investing in a combination of securitized assets and other income-producing securities of varying characteristics, selected for their potential to provide a high level of current income, capital appreciation or both.

Fund details

description of elementelement value
Inception date May 2020
CAD Total net assets ($CAD)
As at 2023-03-31
$110.5 million
NAVPS
As at 2024-04-05
$11.5869
MER (%)
As at 2023-09-30
1.48
Management fee (%) 1.20
Asset class High Yield Bond
Currency CAD
Minimum investment $500 initial/$25 additional
Distribution frequency Monthly
Last distribution $0.0421

Risk rating1

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

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*
3.50% 0.72% 3.50% 5.68% 7.27% 2.52% - - 1.33%
*Since inception date

Distribution history3

Payable date Total
2024-04-05 0.0421
2024-03-22 0.0746
2024-02-23 0.0637
2024-01-26 0.0588
2023-12-15 0.0861
Payable date Total
2023-11-24 0.0616
2023-10-27 0.0991
2023-09-22 0.0695
2023-08-25 0.0647
2023-07-28 0.0745

Management team

First we'll display the Team Company and then the Team members
DoubleLine Capital LP
DoubleLine Capital LP’s (“DoubleLine”) is an independent, employee-owned money management firm with over US$150 billion in combined assets under management invested across a wide array of investment strategies. The firm’s fixed-income portfolio management team averages 23 years of industry experience and 17 years of working together and have managed fixed income portfolios through numerous credit and market cycles.
Ken Shinoda
Morris Chen
Andrew Hsu

CI DoubleLine Income US$ Fund

Series A CAD
 
Portfolio allocations4 As at 2024-02-29
Asset allocation (%)
  • Mortgages 59.87
  • Foreign Bonds - Other 31.93
  • Cash and Equivalents 5.08
  • Foreign Corporate Bonds 2.21
  • Foreign Government Bonds 0.95
  • Other -0.04
Sector allocation (%)
  • Fixed Income 94.96
  • Cash and Cash Equivalent 5.08
  • Other -0.04
Geographic allocation(%)
  • United States 100.25
  • Cayman Islands 0.29
  • Other -0.04
  • Canada -0.50
Top holdings
Sector (%)
1. Verus Securitization Trust 5.36% 26-Apr-2060 Fixed Income 3.52%
2. Federal National Mrtgage Assoc 4.50% 01-Jul-2052 Fixed Income 3.26%
3. AMSR Trust 5.25% 17-Jul-2037 Fixed Income 2.59%
4. AMSR Trust 4.00% 17-Jul-2037 Fixed Income 1.83%
5. Connecticut Avenue Securities 9.20% 25-Sep-2039 Fixed Income 1.77%
6. Federal National Mrtgage Assoc 5.00% 01-Jun-2053 Fixed Income 1.77%
7. Federal National Mrtgage Assoc 3.00% 01-Mar-2052 Fixed Income 1.64%
8. Long Beach Mortgage Loan Trust 5.76% 25-Jul-2036 Fixed Income 1.62%
9. IndyMac INDX Mortgage Ln Trust 4.01% 27-Oct-2036 Fixed Income 1.57%
10. Progress Resdntl Master Trust 5.27% 17-Apr-2037 Fixed Income 1.48%
11. Merrill Lynch Frkln Mrtge Ln T 5.61% 25-Apr-2037 Fixed Income 1.41%
12. Verus Securitization Trust 5.50% 25-Mar-2060 Fixed Income 1.34%
13. Jersey Mikes Funding LLC 4.43% 15-Feb-2050 Fixed Income 1.28%
14. Angel Oak Mortgage Trust 6.29% 25-Mar-2049 Fixed Income 1.26%
15. CSMC Mortgage Backed Trust 25-Feb-2060 Fixed Income 1.21%
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