CI Canadian Convertible Bond ETF

TSX TICKER : CXF
 

Fund overview

The Fund's objectives are to provide holders with (i) quarterly cash distributions, and (ii) the opportunity for capital appreciation by investing on a capitalization weighted basis in a portfolio (the "Convertible Portfolio") of Convertible Bonds of Canadian issuers. Inclusion of a Convertible Bond in the Convertible Portfolio is based upon the following criteria: (i) minimum market capitalization outstanding of $50 million; (ii) minimum trailing 30 day average daily volume traded of $150 thousand; (iii) publicly traded on a stock exchange in Canada; (iv) not currently in default of payment of either interest or principal; and (v) at least 31 days to maturity (either term or next call), provided that, to the extent that an index is developed and published which establishes criteria and methodologies, which are, in the opinion of the Manager, similar to that of the Fund, the Manager may decide, in its discretion, to track that index and invest pursuant to such index's methodology.

Fund details

description of elementelement value
Inception date June 2011
Total net assets ($CAD)
As at 2024-07-11
$49.3 million
NAVPS
As at 2024-07-11
$9.7729
Market price
As at 2024-07-11
$9.7700
MER (%)
As at 2023-12-31
0.71
Management fee (%) 0.65
Units outstanding
As at 2024-07-11
5,047,245
Asset class Canadian Fixed Income
Currency CAD
CUSIP 12554K100
Distribution frequency Monthly
Last distribution $0.0400

Risk rating1

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

Performance2 As at 2024-06-30

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*
4.24% -0.09% -0.34% 4.24% 4.88% 2.56% 5.31% 4.81% 4.82%
*Since inception date

Distribution history3

Payable date Total
2024-06-24 0.0400
2024-05-23 0.0400
2024-04-23 0.0400
2024-03-21 0.0400
2024-02-22 0.0400
Payable date Total
2024-01-24 0.0400
2023-12-20 0.0400
2023-11-23 0.0400
2023-10-24 0.0400
2023-09-22 0.0400

Investor suitability

For those who:
  • want diversified Canadian convertible bond exposure
  • want income but also want above average capital appreciation potential relative to traditional Canadian corporate bonds
  • want to receive regular monthly cash flows (if any)
  • can tolerate low to medium risk

CI Canadian Convertible Bond ETF

TSX TICKER : CXF
 
Portfolio allocations4 As at 2024-06-30
Asset allocation (%)
  • Canadian Corporate Bonds 60.75
  • Canadian Equity 36.32
  • Foreign Corporate Bonds 3.83
  • Other -0.03
  • Cash and Equivalents -0.87
Sector allocation (%)
  • Consumer Goods 16.80
  • Real Estate 12.63
  • Consumer Services 11.19
  • Basic Materials 10.42
  • Industrial Services 9.68
  • Utilities 9.49
  • Industrial Goods 8.16
  • Fixed Income 7.50
  • Energy 7.36
  • Other 6.77
Geographic allocation(%)
  • Canada 95.88
  • United States 4.15
  • Other -0.03
Top holdings
Sector (%)
1. NFI Group Inc - Pfd Automotive 7.27%
2. Cineplex Inc - Debenture Leisure 5.35%
3. Premium Brands Holdings Corp - Debenture Cl G Food, Beverage and Tobacco 4.47%
4. ADVANTAGE ENERGY LTD 5.00% 30-Jun-2029 Fixed Income 3.89%
5. Innergex Renewable Energy Inc - Debenture Cl B Electric Utilities 3.89%
6. Ag Growth International Inc - Pfd Manufacturing 3.81%
7. Premium Brands Holdings Corp - Debenture Cl H Food, Beverage and Tobacco 3.68%
8. Storagevault Canada Inc - Debenture Diversified Consumer Services 3.62%
9. Innergex Renewable Energy Inc - Debenture Cl C Electric Utilities 3.62%
10. Extendicare Inc - Debenture Healthcare Services 3.39%
11. NorthWest Healthcare Proprts REIT - Debenture Cl G Real Estate Investment Trust 3.38%
12. Mullen Group Ltd - Debenture Energy Services and Equipment 3.35%
13. Ag Growth International Inc - Pfd Manufacturing 3.01%
14. Exchange Income Corp - Debenture Cl K Transportation 2.93%
15. Chemtrade Logistics Income Fund - Pfd Chemicals and Gases 2.92%

Management team

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