CI 1-5 Year Laddered Government Strip Bond Index ETF

TSX TICKER : BXF
 

Fund overview

The Fund has been designed to replicate, to the extent possible, the performance of a Canadian 1-5 year laddered government strip bond index, net of expenses. The current index is the FTSE Canada 1-5 Year Laddered Government Strip Bond IndexTM (the "Index"). The Fund invests primarily in strip bonds, both coupons and residuals, derived from Canadian federal and provincial government bonds issued domestically in Canada and denominated in Canadian dollars. The investment strategy of the Fund is to invest in and hold constituent securities of the Index in substantially the same proportion as they are reflected in the Index.

Fund details

description of elementelement value
Inception date June 2013
Total net assets ($CAD)
As at 2024-07-12
$34.7 million
NAVPS
As at 2024-07-12
$9.9224
Market price
As at 2024-07-12
$9.9200
MER (%)
As at 2023-12-31
0.22
Management fee (%) 0.20
Units outstanding
As at 2024-07-12
3,499,969
Asset class Canadian Fixed Income
Currency CAD
CUSIP 12555C107
Distribution frequency Quarterly
Last distribution $0.0825
Average Duration (ex-CDX) 3.65
Yield to Maturity % 3.92
Average Credit Rating AA

Risk rating1

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

Investor suitability

For those who:
  • want short-term bond exposure to minimize interest rate risk
  • want government bond exposure to minimize credit risk
  • want to receive regular quarterly cash flows (if any)
  • can tolerate low risk

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*
1.03% 0.82% 1.16% 1.03% 4.65% 0.35% 1.14% 1.49% 1.57%
*Since inception date

Distribution history3

Payable date Total
2024-06-24 0.0825
2024-03-21 0.0964
2023-12-20 0.0773
2023-09-22 0.0699
2023-06-23 0.0577
Payable date Total
2023-03-24 0.0524
2022-12-21 0.0487
2022-09-22 0.0433
2022-06-23 0.0294
2022-03-24 0.0338

FUND CHARACTERISTICS

Average Coupon % 0.00
Average Duration (ex-CDX) 3.65
Current Yield % 0.00
Years to Maturity 3.65
Yield to Maturity % 3.92
Issuer Federal % 20.00
Average price 86.25

RATING SUMMARY (%)

AAA 20.00
AA 80.00
Average Credit Rating AA

*Corporate and Government bonds only.

CI 1-5 Year Laddered Government Strip Bond Index ETF

TSX TICKER : BXF
 
Portfolio allocations4 As at 2024-06-30
Asset allocation (%)
  • Canadian Government Bonds 87.47
  • Cash and Equivalents 12.52
  • Other 0.01
Sector allocation (%)
  • Fixed Income 87.47
  • Cash and Cash Equivalent 12.52
  • Other 0.01
Geographic allocation(%)
  • Canada 99.99
  • Other 0.01
Top holdings
Sector (%)
1. Ontario Province 02-Dec-2028 Fixed Income 4.63%
2. Hydro-Quebec 15-Aug-2028 Fixed Income 4.62%
3. Ontario Province 02-Jun-2029 Fixed Income 4.61%
4. Hydro-Quebec 15-Feb-2029 Fixed Income 4.61%
5. Canada Government 01-Jun-2029 Fixed Income 4.55%
6. Hydro-Quebec 15-Aug-2024 Cash and Cash Equivalent 4.17%
7. Ontario Province 02-Dec-2024 Cash and Cash Equivalent 4.16%
8. Hydro-Quebec 15-Feb-2025 Cash and Cash Equivalent 4.16%
9. Ontario Province 02-Jun-2025 Fixed Income 4.13%
10. Canada Government 01-Jun-2025 Fixed Income 4.01%
11. Ontario Province 02-Jun-2028 Fixed Income 4.01%
12. Hydro-Quebec 15-Aug-2027 Fixed Income 4.01%
13. Ontario Province 02-Dec-2027 Fixed Income 4.00%
14. Hydro-Quebec 15-Feb-2028 Fixed Income 3.97%
15. Canada Government 01-Jun-2028 Fixed Income 3.93%

Management team

First we'll display the Team Company and then the Team members
Craig Allardyce
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.