CI Enhanced Short Duration Bond Fund

TSX TICKER : FSB.U
 

Fund overview

The Fund seeks to provide absolute returns through interest income and capital gains and its risk objective is to have very low volatility and positive returns over any twelve-month period. The Fund will primarily invest in debt instruments across the credit spectrum including cash, government debt, investment-grade corporate debt, high-yield corporate debt, government debt futures, convertible debentures and credit derivatives. The Fund’s strategy will primarily focus on U.S. and Canadian corporate bonds and will include the use of government bond futures to manage the duration of the fund according to the volatility objectives. To minimize interest rate volatility, the Fund would typically target an overall portfolio duration of less than 2 years.

Fund details

description of elementelement value
Inception date October 2017
Total net assets ($USD)
As at 2026-05-12
$9.0 million
NAVPS
As at 2026-05-12
$10.0809
MER (%)
As at 2025-12-31
0.73
Management fee (%) 0.60
Units outstanding
As at 2026-05-12
899,700
Asset class Global Fixed Income
Currency USD
CUSIP 12559E208
Distribution frequency Monthly
Last distribution $0.0320
Average Credit Rating BBB+

Risk rating1

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

Performance2 As at 2026-04-30

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*
1.25% 0.43% 0.74% 1.76% 5.09% 5.08% 3.25% - 3.09%
*Since inception date

Distribution history3

Ex-Date Total
2026-04-24 0.0320
2026-03-25 0.0320
2026-02-23 0.0320
2026-01-26 0.0320
2025-12-23 0.0320
Ex-Date Total
2025-11-24 0.0320
2025-10-27 0.0320
2025-09-23 0.0320
2025-08-25 0.0320
2025-07-25 0.0320

Investor suitability

For those who:
  • want short-term bond exposure to minimize interest rate risk
  • are primarily concerned with volatility reduction and income generation
  • want to receive regular monthly cash flows (if any)
  • can tolerate low risk

FUND CHARACTERISTICS

Average Coupon % 4.32
Duration 1.82
Yield 4.20

RATING SUMMARY (%)

AAA 14.07
AA 3.35
A 11.93
BBB 45.19
BB 20.33
B 4.16
CCC 0.69
NR 0.28
Average Credit Rating BBB+

CI Enhanced Short Duration Bond Fund

TSX TICKER : FSB.U
 
Portfolio allocations4 As at 2026-04-30
Asset allocation (%)
  • Foreign Corporate Bonds 31.81
  • Canadian Corporate Bonds 28.34
  • Cash and Equivalents 26.04
  • Canadian Government Bonds 12.71
  • Foreign Government Bonds 1.04
  • Other 0.06
Sector allocation (%)
  • Fixed Income 73.90
  • Cash and Cash Equivalent 26.04
  • Other 0.06
Geographic allocation(%)
  • Canada 89.13
  • Other 15.62
  • United States -4.75
Top holdings6
Sector (%)
1. Canada Government 2.75% 01-Mar-2030 Fixed Income 4.02%
2. Canada Government 3.50% 01-Sep-2029 Fixed Income 3.38%
3. Canada Government 3.25% 01-Dec-2035 Fixed Income 2.58%
4. ENBRIDGE INC DISCOUNT NOTE 06/01/2026 0.00% 01-Jun-2026 Cash and Cash Equivalent 2.04%
5. CANADIAN TREASURY BILL 0.00% 15-Jul-2026 Cash and Cash Equivalent 2.04%
6. Bell Canada 2.90% 12-May-2026 Cash and Cash Equivalent 1.93%
7. ENBRIDGE INC DISCOUNT NOTE 05/19/2026 0.00% 19-May-2026 Cash and Cash Equivalent 1.92%
8. Carnival Corp 4.00% 01-May-2028 Fixed Income 1.54%
9. Telus Corp 2.75% 08-May-2026 Cash and Cash Equivalent 1.50%
10. Viking Ocean Cruises Ltd 5.00% 15-Feb-2028 Fixed Income 1.48%
11. Pembina Pipeline Corp 3.71% 11-Aug-2026 Fixed Income 1.42%
12. Toronto-Dominion Bank 4.21% 01-Jun-2027 Fixed Income 1.31%
13. Toronto-Dominion Bank 5.38% 21-Oct-2027 Fixed Income 1.19%
14. CT REIT 3.29% 01-Jun-2026 Cash and Cash Equivalent 1.17%
15. H&R REIT 2.91% 02-Jun-2026 Cash and Cash Equivalent 1.16%

Management team

First we'll display the Team Company and then the Team members
Leanne Ongaro
Darren Arrowsmith
Fernanda Fenton
Adrian Prenc
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