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 2024-05-21
$17.0 million
NAVPS
As at 2024-05-21
$17.9481
Market price
As at 2024-05-21
$17.9500
MER (%)
As at 2023-12-31
0.35
Management fee (%) 0.25
Units outstanding
As at 2024-05-21
950,000
Asset class Canadian Fixed Income
Currency CAD
CUSIP 17163X104
Distribution frequency Monthly
Last distribution $0.0306
Average Duration (ex-CDX) 2.46
Yield to Maturity % 4.33
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 2024-04-30

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*
-0.45% -0.44% -0.13% 2.43% 1.41% -0.62% 0.49% - 0.54%
*Since inception date

Distribution history3

Payable date Total
2024-04-23 0.0306
2024-03-21 0.0230
2024-02-22 0.0183
2024-01-24 0.0319
2023-12-20 0.0306
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

FUND CHARACTERISTICS

Average Coupon % 2.51
Average Duration (ex-CDX) 2.46
Current Yield % 2.58
Years to Maturity 2.64
Yield to Maturity % 4.33
Issuer Federal % 69.90
Average price 96.30

RATING SUMMARY (%)

AAA 73.04
AA 24.56
A 2.40
Average Credit Rating AAA

*Corporate and Government bonds only.

CI Short Term Government Bond Index Class ETF

TSX TICKER : FGB
 
Portfolio allocations4 As at 2024-04-30
Asset allocation (%)
  • Canadian Government Bonds 99.98
  • Cash and Equivalents 0.05
  • Other -0.03
Sector allocation (%)
  • Fixed Income 99.98
  • Cash and Cash Equivalent 0.05
  • Other -0.03
Geographic allocation(%)
  • Canada 100.03
  • Other -0.03
Top holdings
Sector (%)
1. Canada Government 3.00% 01-Oct-2025 Fixed Income 5.33%
2. Canada Government 2.25% 01-Jun-2025 Fixed Income 5.00%
3. Canada Government 4.00% 01-Mar-2029 Fixed Income 4.99%
4. Canada Government 0.50% 01-Sep-2025 Fixed Income 4.80%
5. Canada Government 0.25% 01-Mar-2026 Fixed Income 4.31%
6. Canada Government 4.50% 01-Feb-2026 Fixed Income 3.89%
7. Canada Government 1.25% 01-Mar-2027 Fixed Income 3.51%
8. Canada Government 3.25% 01-Sep-2028 Fixed Income 3.08%
9. Canada Government 2.75% 01-Sep-2027 Fixed Income 2.90%
10. Canada Government 3.50% 01-Mar-2028 Fixed Income 2.79%
11. Canada Government 1.00% 01-Sep-2026 Fixed Income 2.74%
12. Canada Housing Trust No 1 4.25% 15-Dec-2028 Fixed Income 2.56%
13. CANADA HOUSING TRUST NO 1 3.95% 15-Jun-2028 Fixed Income 2.52%
14. Canada Government 1.50% 01-Jun-2026 Fixed Income 2.48%
15. Ontario Province 1.75% 08-Sep-2025 Fixed Income 2.35%

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.