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
Total net assets ($CAD)
As at 2023-04-28
$37.2 million
NAVPS
As at 2023-05-26
$10.8571
MER (%)
As at 2022-12-31
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 2023-04-30

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*
2.85% -0.50% -0.80% 5.35% -0.82% 8.06% 4.44% 5.06% 5.98%
*Since inception date

Distribution history3

Payable date Total
2023-03-24 0.1500
2022-12-16 0.1500
2022-09-23 0.1500
2022-06-24 0.1500
2022-03-25 0.1500
Payable date Total
2021-12-17 0.1500
2021-09-30 0.1500
2021-06-30 0.1500
2021-03-31 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 2023-04-30
Asset allocation (%)
  • Canadian Corporate Bonds 44.95
  • Canadian Equity 40.95
  • Foreign Corporate Bonds 11.52
  • Canadian Bonds - Other 2.19
  • Cash and Equivalents 0.42
  • Other -0.03
Sector allocation (%)
  • Real Estate 22.84
  • Fixed Income 13.49
  • Consumer Goods 12.44
  • Industrial Goods 10.12
  • Other 8.63
  • Basic Materials 7.48
  • Utilities 7.20
  • Financial Services 6.19
  • Consumer Services 5.96
  • Healthcare 5.65
Geographic allocation(%)
  • Canada 88.36
  • United States 11.66
  • Other -0.02
Top holdings
Sector (%)
1. Ag Growth International Inc - Pfd Manufacturing 5.78%
2. BSR REIT - Debenture Cl U Real Estate Investment Trust 4.85%
3. Chorus Aviation Inc - Pfd Aerospace and Defence 4.03%
4. NFI Group Inc - Pfd Automotive 3.79%
5. American Hotel Income Properties REIT LP - Pfd Real Estate Investment Trust 3.77%
6. CI Canadian Convertible Bond ETF (CXF) Fixed Income 3.75%
7. Premium Brands Holdings Corp - Debenture Cl H Food, Beverage and Tobacco 3.61%
8. WELL Health Technologies Corp - Pfd Drugs 3.37%
9. Aecon Group Inc - Debenture Cl C Construction 3.28%
10. Innergex Renewable Energy Inc - Debenture Cl C Electric Utilities 3.22%
11. Algoma Central Corp - Debenture Cl A Transportation 3.03%
12. Quarterhill Inc - Pfd Automotive 2.93%
13. Colliers Internatnl Group Inc 4.00% 01-Jun-2025 Fixed Income 2.79%
14. Cineplex Inc - Debenture Leisure 2.72%
15. Storagevault Canada Inc - Debenture Real Estate Development 2.66%
Over 35,000 financial advisors have chosen CI Global Asset Management as a partner. We believe that Canadians have the best opportunity for investments success by using the services of a professional financial advisor. Learn more at ci.com.