CI Canadian Convertible Bond Fund

Series F CAD
 

Fund overview

The Fund invests predominantly in Canadian debentures that are convertible into equity of Canadian issuers, investments of convertible debentures of non-Canadian issuers as well as fixed income instruments and equities. The Fund may invest up to 30% of the net asset value in convertible debentures of non-Canadian issuers. No more than 20% of the Fund's net asset value will be invested in equities as a result of any conversions and fixed income instruments, other equities and cash. At the Fund Manager's discretion, the Fund may be invested entirely in cash or cash equivalents.

Fund details

description of elementelement value
Inception date November 2009
CAD Total net assets ($CAD)
As at 2024-05-31
$32.9 million
NAVPS
As at 2024-06-19
$10.8007
MER (%)
As at 2023-12-31
1.02
Management fee (%) 0.75
Asset class Canadian Fixed Income
Currency CAD
Minimum investment $500 initial/$100 additional
Distribution frequency Quarterly
Last distribution $0.1500

Risk rating1

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

FUND CODES

F 95705
A ISC 95703
DSC 95700
LL 95701

Performance2 As at 2024-05-31

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*
6.37% 0.23% 1.46% 8.11% 6.32% 2.01% 4.52% 4.34% 5.90%
*Since inception date

Distribution history3

Payable date Total
2024-03-22 0.1500
2023-12-22 0.1500
2023-09-22 0.1500
2023-06-23 0.1500
2023-03-24 0.1500
Payable date Total
2022-12-16 0.1500
2022-09-23 0.1500
2022-06-24 0.1500
2022-03-25 0.1500
2021-12-17 0.1500

Management team

First we'll display the Team Company and then the Team members
Lee Goldman

CI Canadian Convertible Bond Fund

Series F CAD
 
Portfolio allocations4 As at 2024-05-31
Asset allocation (%)
  • Canadian Equity 50.74
  • Canadian Corporate Bonds 36.17
  • Foreign Corporate Bonds 7.30
  • Cash and Equivalents 5.81
  • Other -0.02
Sector allocation (%)
  • Real Estate 25.48
  • Other 13.71
  • Consumer Goods 13.70
  • Industrial Goods 9.65
  • Basic Materials 7.88
  • Fixed Income 6.31
  • Healthcare 6.19
  • Cash and Cash Equivalent 5.81
  • Industrial Services 5.71
  • Consumer Services 5.56
Geographic allocation(%)
  • Canada 92.70
  • United States 7.32
  • Other -0.02
Top holdings
Sector (%)
1. BSR REIT - Debenture Cl U Real Estate Investment Trust 5.24%
2. NFI Group Inc - Pfd Automotive 4.98%
3. Ag Growth International Inc - Pfd Manufacturing 4.85%
4. Chorus Aviation Inc - Pfd Aerospace and Defence 4.56%
5. WELL Health Technologies Corp - Pfd Drugs 3.85%
6. Premium Brands Holdings Corp - Debenture Cl H Food, Beverage and Tobacco 3.41%
7. Cineplex Inc - Debenture Leisure 3.29%
8. Algoma Central Corp - Debenture Cl A Transportation 3.27%
9. SURGE ENERGY INC 8.50% 31-Dec-2028 Fixed Income 3.19%
10. American Hotel Income Properties REIT LP - Pfd Real Estate Investment Trust 3.12%
11. Dye & Durham Ltd 3.75% 01-Mar-2026 Fixed Income 3.12%
12. CI Canadian Convertible Bond ETF (CXF) Fixed Income 2.96%
13. North American Construction Group Ltd - Pfd Energy Services and Equipment 2.89%
14. Chemtrade Logistics Income Fund - Debenture Cl F Chemicals and Gases 2.86%
15. Firm Capital Mrtg Investment Corp - Pfd Banking 2.86%
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