CI Short Term Government Bond Index Class ETF

TSX TICKER : FGB
 

Fund overview

The Fund has been designed to replicate, to the extent possible, the performance of a Canadian short term government bond index, currently the FTSE Canada Short Term Government Bond Index (the "Index"), net of expenses. Under normal market conditions, the Fund will primarily invest in Canadian federal, provincial and municipal bonds issued domestically in Canada in Canadian dollars.

Fund details

description of elementelement value
Inception date February 2016
Total net assets ($CAD)
As at 2023-12-04
 $13.3 million
NAVPS
As at 2023-12-04 		$17.8511
Market price
As at 2023-12-04 		$17.8600
MER (%)
As at 2022-12-31 		0.34
Management fee (%) 0.25
Units outstanding
As at 2023-12-04 		750,000
Asset class Canadian Fixed Income
Currency CAD
CUSIP 17163X104
Distribution frequency Monthly
Last distribution $0.0306
Average Duration (ex-CDX) 2.52
Yield to Maturity % 4.12
Average Credit Rating AAA

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 monthly cash flows (if any)
  • can tolerate low risk

Performance2 As at 2023-11-30

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*
2.52% 1.59% 1.89% 1.54% 2.25% -1.05% 0.82% - 0.47%
*Since inception date

Distribution history3

Payable date Total
2023-11-23 0.0306
2023-10-24 0.0305
2023-09-22 0.0297
2023-08-24 0.0290
2023-07-24 0.0290
Payable date Total
2023-06-23 0.0285
2023-05-24 0.0328
2023-04-21 0.0327
2023-03-24 0.0312
2023-02-21 0.0311

FUND CHARACTERISTICS

Average Coupon % 2.26
Average Duration (ex-CDX) 2.52
Current Yield % 2.33
Years to Maturity 2.70
Yield to Maturity % 4.12
Issuer Federal % 69.70
Average price 95.56

RATING SUMMARY (%)

AAA 72.19
AA 25.32
A 2.49
Average Credit Rating AAA

*Corporate and Government bonds only.

Note: This page is not complete without disclaimers on the next page.

CI Short Term Government Bond Index Class ETF

TSX TICKER : FGB
 
Portfolio allocations4 As at 2023-10-31
Asset allocation (%)
  • Canadian Government Bonds 99.92
  • Cash and Equivalents 0.05
  • Other 0.03
Sector allocation (%)
  • Fixed Income 99.92
  • Cash and Cash Equivalent 0.05
  • Other 0.03
Geographic allocation(%)
  • Canada 99.97
  • Other 0.03
Top holdings
Sector (%)
1. Canada Government 2.25% 01-Jun-2025 Fixed Income 5.59%
2. Canada Government 0.50% 01-Sep-2025 Fixed Income 4.91%
3. Canada Government 3.00% 01-Oct-2025 Fixed Income 4.29%
4. Canada Government 0.25% 01-Mar-2026 Fixed Income 4.27%
5. Canada Government 1.25% 01-Mar-2027 Fixed Income 3.50%
6. Canada Government 3.25% 01-Sep-2028 Fixed Income 3.25%
7. Canada Government 3.50% 01-Mar-2028 Fixed Income 3.12%
8. Canada Government 1.50% 01-Apr-2025 Fixed Income 3.06%
9. Canada Government 2.75% 01-Sep-2027 Fixed Income 2.96%
10. Canada Government 3.00% 01-Nov-2024 Fixed Income 2.79%
11. Canada Government 1.00% 01-Sep-2026 Fixed Income 2.74%
12. Canada Government 3.75% 01-Feb-2025 Fixed Income 2.73%
13. Ontario Province 2.60% 02-Jun-2025 Fixed Income 2.63%
14. Ontario Province 2.60% 02-Jun-2027 Fixed Income 2.55%
15. CANADA HOUSING TRUST NO 1 3.95% 15-Jun-2028 Fixed Income 2.41%

Management team

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

Note: This page is not complete without disclaimers on the next page.

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.

1 The risk level of a fund has been determined in accordance with a standardized risk classification methodology in National Instrument 81-102, that is based on the fund’s historical volatility as measured by the 10-year standard deviation of the fund’s returns. Where a fund has offered securities to the public for less than 10 years, the standardized methodology requires that the standard deviation of a reference mutual fund or index that reasonably approximates the fund’s standard deviation be used to determine the fund’s risk rating. Please note that historical performance may not be indicative of future returns and a fund’s historical volatility may not be indicative of future volatility.

2 Commissions, management fees and expenses all may be associated with an investment in exchange-traded funds (ETFs). You will usually pay brokerage fees to your dealer if you purchase or sell units of an ETF on recognized Canadian exchanges. If the units are purchased or sold on these Canadian exchanges, investors may pay more than the current net asset value when buying units of the ETF and may receive less than the current net asset value when selling them. Please read the prospectus before investing. Important information about an exchange-traded fund is contained in its prospectus. The indicated rates of return are the historical annual compounded total returns net of fees and expenses payable by the fund (except for figures of one year or less, which are simple total returns) including changes in security value and reinvestment of all dividends/distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. ETFs are not guaranteed; their values change frequently, and past performance may not be repeated.

3 Please refer to the fund’s simplified prospectus for distribution information.

4 Portfolio allocations will fluctuate over the life of the ETF as the portfolio holdings and market value of each security changes. The portfolio manager(s) may change the portfolio allocations in some or all of the sectors.

The contents are not to be used or construed as investment advice or as an endorsement or recommendation of any entity of security discussed.

Certain statements contained in this communication are based in whole or in part on information provided by third parties and CI has taken reasonable steps to ensure their accuracy.

The rates of return are used only to illustrate the effects of the compound growth rate and are not intended to reflect future values or returns on investment in an investment fund.

The “Growth of $10,000 invested” chart shows the final value of a hypothetical $10,000 investment in securities in this class/series of the fund as at the end of the investment period indicated and is not intended to reflect future values or returns on investment in such securities.

Management Expense Ratio (“MER”) represents the trailing 12-month management expense ratio, which reflects the cost of running the fund, inclusive of applicable taxes including HST, GST and QST (excluding commissions and other portfolio transaction costs) as a percentage of daily average net asset value the period, including the fund’s proportionate share of any underlying fund(s) expenses, if applicable. The MER is reported in each fund’s Management Report of Fund Performance (“MRFP”). MRFPs can be found within the Documents tab on ci.com.

“FTSE®” is a trade mark of the London Stock Exchange Group companies and is used by FTDCM under license. These marks have been sublicensed for use for certain purposes to CI Global Asset Management (“CI GAM”) by FTSE TMX Global Debt Capital Markets Inc. (formerly “PC-Bond” a business unit of TSX Inc). The CI ETFs are not in any way sponsored, endorsed, sold or promoted by, FTSE TMX Debt Capital Markets Inc. (“FTDCM”), FTSE International Limited (“FTSE”), the London Stock Exchange Group companies (the “Exchange”) or TSX Inc.

The CI Exchange-Traded Funds (ETFs) are managed by CI Global Asset Management, a subsidiary of CI Financial Corp. (TSX: CIX). CI Global Asset Management is a registered business name of CI Investments Inc.

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